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1

INCLUDING
Bank and Quotation Section

and City Section (semi-Anmiaiiy)
Street Railway Section (^^'^^aSiT^')
State

(Montiiiy)

Railway and Industrial Section (Quarterly)

Dana Compact,

Entered according to Act of Confess, In the year 1905, hy William B.

VOL.

SATURDAY, JUNE

80.

in tlie ofHoe of Librarian of Confcress,

24,

NO.

1905.
Week ending June

—

Clearlnqs at

^Itje (j!i;itt:0wxcle.

Washington, T>, O.

iyu4

1905.

Inc.

Ill

17

1902

1903.

Dec.

2087.

PUBLISHED WEEKLY.

Terms

ot Subscription

— Payable

in

Adrance

For One Year
For Sis Months
European subscription (including postaee)
European Sub.scrlption Six Months (including postage)

.1!lO

00

6 00

13 00
7 50

£2
£1

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

148.
lis.

—

Subscription includes following Sections
(monthly)
state and City (semi-annually)
INDUSTRIAL (quarterly) STREET RAILWAY (3 times yearly)

Bank and quotation
Bailw AY AND

l

I

Inch Space

ot Advertising

$4 20
22 00
29 00
50 00
87 00

Months
(8 tunes)
iTwo
Three Months (13 tunes)
Six Months
26 times)
Twelve Months (52 times)

CHICAGO OB'FICE— Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.

Philadelphia.

Baltimore
Chicago
St. Louis
New Orleans

Seven cities, 5 days
Other cities, 5 days
Total
Total

«1.767,290,649
S83.978,622

Iday
all cities

fhr

week

J2,151,2U9,271

P. Cent.

estimated, as

Peoria

Akron
SprlDgfleld. III.

YouuKStown...
Kalamazoo.....

Lexington
Canton
Rockford

Decatur.
Mansfield
Jacksonville

at—

1005.
s

New York

23,104,330

Buttalo

Washington
Albany
Rochester
Scrautou
Syracu^'e

WiimiDiiton

6.2<ll,-.i5()

21.470.951
6.577.246

5.518.3v>9

4.29fl.Htib

4,460,751
4.131.b32
1,658,776
1.677,934
1,101,421
1,137,853

4.235.857
2.524.995

Wbee.ing
Bintiliamton
•

..-

1.600,00<J

1,194,612
972,417
1,031.478

773,504
447,H00
650,468

857,«00
716.377
439.400
881,241

400,59t*

41{',H45

505.170
235.889

l>I(P,'Jl:.'

Wilites Barre

Chester
Erie
Franklin Pa
Total Middle

Is

1.444, •141, Ofifi 1,046.073.908
130,1211,902
105.465.012
4.s,IM)7,4:i7
38.15<i,714

Philadelphia
Pittsburgh

Green sburjT-

1904.

205.220

1,675,684,002 1.237.768,614

Inc. or

Dec.

Total Mid. Western

Seattle
Salt Lake aty..
Portland.

335,135.519

+U-6

Kansas City

1902.

*
1,872,385,337 1,330,098.007
120,35 1,66 J
114 931 271
4-25-,s
51,090,901:
40,077,042
2^1.006.475
4-7C
22,358,443
-4>
0.:i',3.ti22
5,401,804
3.314,559
4,122.(>90
-i-2a-4
3 472 795
3395,301
-f5-3
2,3M0,803
2 415 6.58
-I-63-8
-1-8-7
1 990.581
1 371,963
1.454,25'-JO-J
1.281,278
-13 8
1,095,3S6
1,127,657
-10 3
-23-4

-I-8-0

+1-9

845,970
441.700

-l-43-!^

474583

4-9-7
+i-v.

658.422

+ 14V

202.5.5r,

152 639.940

191,127,032
25,405,300
15,768,227

178,863 474
26,237,000
13,804,710
10.711,074
7,873.810
6.748,441
4 103.800
3 028,9Ui
2,068,145
1,984,263

168,084,089
25,475,200
16,851,321
10.240,773
7,447,171
7,284,771
5,083.200
8,222,982
2,699.181

168,253,649
22,840,500

Topeka
Davenport
Wichita
Colorado Springs
Cedai; Rapids

Fremont

,

Pueblo
Total other
Louis
New Orleans

Wesfrn

673,985
831,805
820 500
404,522
326,183

476,8f;4

-h35-4 1,492.563.748 1,430,535 033

-1-69

-3-2
+14-2
-1-7 -4

-fl5-6
-1-4-4

-fll-6
-

-26-2

--19'1
--10-1

1,703.2<!8

+0-8

1,165,650

-I-23-3

6Li9,700

644,083
637,479
745,010
587,013
5*38,502

479,575
848,890
399.192
258,878
805.196
216,257
241,726
230,000
98.980

-1-259
-f4-6

-10-7
-17-1
-f28-4

-t-9-2

-149
-I-27-1

-10-8
-f87-7

-^52
-f200

+273

248,358,89(5

29,738,065

26,352,073

-41-8

5,48:3,710

4 755,890

-532

280 002

3,847,062
3,308,526
3,089,293
2,108.754
1,723,887
537,092
450,830
218.776

2,781,620
3,295,337
4.191,204
1.664,288
1,204.126
5ol,494
400,658
225,275

70,387.596

63 337 336

22,199,669
13,304.108
8,978.993

20,159.771
12,756 300
7,867.090
5,623.522

62,504 995
17,093, 915
12.103 504

45,432,928
15,309,910
11 128.011
6,487 014

4.79lf.921

4,724,485
2,135,424
1,349,525
836.197
806.310
985,178
563,209
402,305
162,876

-76-2
-41-3
-

-410
-82-3
-31-5

i -207

+0 4

+32-0
+10-1
+4-3
--141

69,627.188

63,172.173

56,774,740
18,873,398
11,317,209
5,921,00b
*,745,000
5.128,130
4.085,425

-86
--80-0
--£5-3
--27-0

--16-5
--13 6
--14-8

+52-1

Oohimbus, Ga
Mobile
Total Southern

900,785
499(271
700,000

54,7 27.907

+15

5973,061

+37-9

2,630.500

--15-4

3,8215,52'*

--229

2,.^8I,443

4-3

8,033,030
2,302,84
2,130,072
1,510 027
1,583,259

5,758,181
2,667,000
3,382,367
3,994,189
2,505,301
2,077,353
1.748.271

+1-1

—

+2i'0

+231

+ 1-5

--89-1
--51-4
--;o-2

9L'3

030

1,6-32,950

-•846
--380
+3-0

758,233
796,350
964,24
683,01)0

1

2,30's,141.474 1,890 3.J9 927
Total ail
Outside New York.. 923,700,408 843,686,959

1,222,761)

61,767,174
42,281,316
14,766,293
11,072,471

+10-2
+7-4
+24-6

+27-3
+30-2
983,405 Vot include d in to
14,319,006 +13-2
129.450,684
1,144.086
235.101

1,480,287

150518

+-I0 9

Jacksonville

•2,111.237

174,431

-101

;

5,(540.871

4.200.047
4,891,306

to tal.

889,470
899 120
180.543

932,455

4,573 268
2,280, 337
1.607, 835
1,203. 980
954 ,099
744 581
889 383

-15-9
—15-5

275,hst;

l,03:i,163

8,192, 185
5,46M, 717
6,979, 044

--12-9

Not Include d In

2.325,300
],4r»,571
1,293,703
1,400,880

Birmingham

5114,953

411.361
400.676
316,067
220,089
253,231
212,004
187,465
241,344
95,160

257,782.858

;c-8.o,'-5

Norfolk
Fort Worth..

993,100
702,400
501.004
628,643
505 062
417,719

f-14-8

3,140 591
2,«29,538

Nashville

2,635.802
2,451 848
1,517,002
1,418,057

30.876.399
6,607,111
4 0130 487
2,953,522
3.209,894
2.326,863
1,822.677
638.283
503,264
278,836

3,87S.8;:6

Atlanta

5.51:^,610
4,270,-250

36,448,269
0,564,477
6,219,980
5,204,471
4,621,760
3.279,208
3,322,550

800,000

Memphis

9,739,763
6,741,155

-1-6:8

1,050.995

Richmond
Savannah

16,103,.S08

264,278,596

Macon

Houston

282,775
631,280
721,924
547,089
616,335
463,914
424,614
298,451
349,757
316,745
232,555
176.138
225,000
111,457

-18-2

Chattanooca

Louisville

Gal vest on

1.870,428
1,139.984
763,900

— 14-6

52,871,137
15,145,777
11,197.344
6,147 031
3,441.000
4.442,230
8,325,870
4,052,680
2,537,509
2,217,412
1,562,089
1,229,401
977,433
1,173.495
1,085,350
672,733
l,0W5,79O

St.

1,9-28,876

418 807

Not Include d into Ul.
Not include d in to tal.

6,347,.580

Des Mointes

-f9-4

-H3-6

282.781,587

Little Rock.

-|-88-(i

1,069,761'

140,447.449

4,384,784
6,143,911
2,675,000
1,713,844
703,378
685,139
1,148,126
034,127
461,720
247,808
408,513

Sioux City

Charleston

-18-5

-7 5

157,053,84? '-10 7

607,273

Fargo
Sioux Falls
Total Pacific

-10-6
-26-5
-14-4

140,210,417

8:^9,606

Augusta

u

-

865,358
516,802
484,535

-I-8-8

944.502
413,726
537,716
896,276

645,769

-flS-4

1903.

1,586670

-

838,704
272,272
405,959
254,238
270,000
119,595

Knoxville

Clearings

1,5.88.078

640,098
478,463
423,193
463 866

853,6;-t4

51,493.20,7,798

17.

-

...

St. Joseph... J
Denver. ...:t

Week ending June

45b 397

1

3.39,926

+ 14-3 Omaha
St. Paul

We

-

Fort Wayne.,.,

Spokane

we go to

1,408,76.'<

South Bend

Tacoma....y....
Helena
t...

-I-17-7

-I-12-5

-f330

134,730,305
6,579,500
2,48^ 051
1,642,391
1.806,818
1.567,703

,

Minneapolis

!fl,828,343.817

7.i8(i.800

2,451,636
1,730,402
1,460,186
1 732.075

...

Jackson
Ann Arbor

+19-2

260,863,941

122.004.032

2.547,915
1,900,110
1.410,384

.,

-1-2 1-4

details for the

all cases

Indianapolis...,

Columbus.
Toledo

857

$1.2,32,343

-18a

0591,000

9.106,882
7.044,476
4,643,500
3,&23.276
2,463,500
2,184,270
1,716,554
1,437,201
571,800
810,727
439,155
779,516
524,339
471,216
591,554
880,727

...

+26-8

-1-5
+25-1
+12-1
+26-6

139,723.640

28^6,720

ll,5ii6,641

Milwaukee

J847,29O,O09
99,956.935
86,079,008
17,445,414
127,383,619
42 244,256
11.944.556

press Friday night.
present below our ui5ual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, June 17, and the results for the corresponding
week in 1904, 1903 and 1902 are also given. Contrasted with
the week of 1904 the total for ttie whole country shows a gain
of 25'3 per cent.
Outside of New York the increase over 1904
is 9*5 per cent.

be in

Cleveland
Detroit

17-9
-I-

week covered by the above wiU be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
The fuU

New England.

San Francisco
Los Angeles...,

1904.

$1,469,214,238
298,076,411

5 days

all cities,

All cities,

1905.

8998,883,701
126,790,173
104,530,045
17,186,190
159,349,013
47,347,503
15,127,554

YoriLv

Holyoke

Bloomington
Oulncy

nt, oj/

Boston

Lowell

New Bedford

Springfield. O...

The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, June 24, have
been $2,151,269,271, against $2,368,141,474 la.st week and
$1,828,343,317 the corresponding week last year.

New

Fall River....

Uvansville

GLUABING ROUSE RETURNS.

Week Ending

Portland

Grand Rapids.,
Dayton

C.

WlIiliJAlTI B. DANA COMPANY, Publltitaers,
Pine Street, Corner of Pearl Street,
NEW YORK.
Post ODBce Box »58.

'ielegraph,
June 24.

Worcester

Total

120.758.804
6,937,400

2,00^,223
1,876,103
1,658,997
1,845,933
739,345
523,074
6U6.716
429,036

Sprinefleld

Cincinnati

Transient matter per inch space (14 agate lines)

Cleaniiiji—iicini

New Haven_

Chicago

— Per

Terms

Boston
Providence
Hartford

+2.5-3

708,390
361.651

45,627,98»
12,001,055
10.650.150

l,4t:4,232

1.520 589
1,198 036

777,255
741.069
727.9ia
500.000
498.404
336,358

iRl.

10u.a31,&91
«7.277,80d
,103,593,115 2O28.972.9T0

+9-5

821,212,778

708.274.963

+260

31.320„500

20,fi37,7«7

+10-5

]7,8^^0.1b4
4.547,33:;

15,587,221

1.811,.S(il

1,619,305
2.685.841
1,5;U,36S
1.109,095

Cakada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
(Quebec

20, 173 ,902
18, 871 Mf<

130 914
1. 031 ,933
2, 353 ,H10
6,

,

1,

\ anrouver
Hamiitr.n...,
8t. .iohn
^

1
1.

London

Victonn
Totcxl Canada...

714 ,070
494 ,460
259, 731
938, ,429

916 ,001
616 (>i;4
...

o3,400

5,-?2

20.781,011
17,073,588
5,12s,712
1,064,655
2.022,891
1,570,170
1.431.409
1,128,033

954,447
943,111

4-25 4

— 2(>

+10-1
--8 b
--4-4

+1

1

•«

-17
-29

801,895 +101-5
53.505,818

^hl8-5

2,2n4.r,iH
l,73l,5t:3
l,3'25.0,-,9

1,011,421

997,4b»
856.272
592 532
04.284,688

3,0ITi.338

943,778
973,014
684.876
475,561
49,217,154

—
THE CHRONICLE.

2592

now

CHANGE OF TIME OF ISSUE OF
The index
Tolume ends
July

to

Volume 80

to-day

—

Cheonicle

of the

number

increasing subscription

and enlarged weekly publica-

list

the work of getting out the index

with the

final issue of

concurrently

a volume has served to materially

delay the hour of going to press, and to increase the
opportunity for error in

This plan

preparation.

its

will

of

one-fifth

of our

Street Eailwat

editorial discussions in the

The tax paid by

State.

amounts

cut of one-half of 1 per

is

These

the

cent in

a
would mean

dividends

facts, clearly,

do not indicate that

which at

for the consideration of

Life Assurance Society

affair.

It

was a

getting itself involved in that entanglement.
the investigators,

and we have had made public

the report of the latest

The opening

It is stated

There

be unquestionably solvent.

to

the

fortu-

None
this

of

week

—Mr. Hendricks—has found any-

thing rotten about the company.

TEE FINANCIAL SITUATION.

this

call, is

that the State has thus far been saved from

same embrace the following nate escape

FARES ON INTERURBAX ROADS.
BRITISH TRAMWAY DEVELOPMENT.

savings

about $600,000, whil«

to

extraordinary session there has bi'en a loud

The Equitable

topics

is

a very heavy burden.

Another matter
Section,

surplus

pays a tax of $100,000.

they carry deposits of nearly $700,000,000, on which

STREET RAILWAY SECTION.
sent to our subscribers to-day.

$250,000

of

A

Kew York

banks of

the tax

is

it

how

more than $90,000,000.
reduction of
per cent in dividend would mean $150,000.
justify cutting off half a million to meet
that sum?
The same thing holds good

throughout the

$3,500,000."

A

?

LXXX.

rate,

dividends

off"

Its deposits are

rate pamphlet, for convenience in binding.

revised to date,

4-per-cent

The Bowery Bank's

about $10,000,000, on which

be followed hereafter, the index being issued as a sepa-

new number

a

cutting

justify

pay a $35,000 tax

to

made a part one-half of 1
But with our Can any one

each six months.

of

up

keep

Heretofore the index has been

1st.

of the last

tion,

—which

be mailed with the issue of

will

and

we

could

CEBONICLE INDEX.

[Vox,.

is

by them

all

no charge that

management has not been highly profitable for the
institution, and even when its career of progress was in
the

an extra session of our State LegislaThis has been made large measure stopped by internal fighting and external
ture is an event of the week.
necessary by reason of the fact that Warren B. Hooker, probing, its momentum along the lines of its established
.

of

one of the Justices of the Supreme Court of the State, progress was so decided that all the pulling and hauling it
having requested a legislative inquiry as to his conduct, has suffered from has failed to wholly arrest its profitable
and the Assembly having unanimously voted that pro- course. Certainly every word of that is true. What
ceedings be taken for his removal, and the Legislature then is the complaint?
having adjourned leaving the said matter in abeyance,
the Governor convened this extraordinary session to consider the conduct of said

The

his removal.
tively

little

were

public

interest

dinary session,

in

has

this

final

taken

question

but
of the

feature

but more in the

without

left

Justice and the

extraor-

which

other matters

action

the

at

of

compara-

regular

and which many desire should
be settled now. One of these is the removal of the
tax on savings banks' deposits. Eecent utterances have
shown that there are wide diflerences of view even
session of the Legislature,

Foremost of

money out

all,

that directors

of the concern.

and

officers

If that

have made

can be proved

to

have been done, and in such a way or in such an amount
as to be unlawful, those who have done it should be made
to return
it;

what has been taken and

but there

is

suffer for

having taken

nothing in that condition that justifies the

attack on or impairment of the Life Company's business.

Moreover,

many

it is

foolish,

claimed that Mr.

Hyde

has engaged in

unwise and even disgraceful

acts, chiefly,

We have no acquaintance
with him of any kind, and obviously have no sympathy
among members of the State Association of Savings with the kind of life he is claimed to have led. Bat
Banks as to the wisdom of a repeal. Among these, Mr. granting that everything bad that has been said of him
William H. S. Wood of the Bowery Savings Bank, is true, how does that justify the taking from
which has deposits of over $90,000,000, seems to think him or forbidding him the use of his stock in
repeal very necessary; that unless

however, personal to himself.

eflected dividends

any legitimate way % It had its origin in a requirement
Mr. Charles E. Sprague of of the statute under which the association was organized
the Union Dime Savings institution, which has deposits and it is an asset to-day as defendable, we niAy assume
of over $25,000,000, considers the question a very delicate until the contrary is proved, as any security held by any
one, regarding which he did not care to make a state- other investor.
And yet the Governor, the Attorney-

will

have

to

it is

be reduced.

ment.

General and the District Attorney are being pleaded with
Mr. John Harsen Ehoades, of the
having even given a half promise to move the maGreenwich Savings Bank, has stated that he is opposed chinery of their offices so as to virtually make things
to repeal.
He thinks, if abolished, it would invite a lively for every person connected with the institution.
tax on savings bank deposits; it is better to let the affair What we ask for then and it is in behalf of the policyremain as it is than to disturb it and fare worse. Fur- holders and in behalf of the life insurance business of

On

—

—

the other hand,

—

thermore, he says,
the tax

is

it is

not correct to maintain that unless

repealed the dividend rate

must be decreased

half of 1 per cent.

position by taking his

own

bank.

of

savings

He

banks

illustrates his

"The tax," ho

says,

on our surplus would amount to only $35,000 a year,
whereas one-half of 1 per cent on deposits (about $50,000,000) would be $250,000.
If we cut our rate half of
1 per cent to meet the surplus tax, what would we do
with the other $215,000 %
If we can pay the tax

the

city

—

is

that the

recover itself under the

Association be given a chance to

new management now

in control;

and after that has been done, whosoever can be found
to have been stealing, let him be prosecuti'd under the
statutes already in force.

Peace negotiations between Japan and Russia are
claimed to be progressing favorably, while Franco and

Germany by

belligerent

woids are giving new cause for

June

THE CHRONICLE.

24, 1905.]

As

anxiety to the large body of peace-loving citizens.

Japan and 'Eussia, the burning question
other battle

is

out, attended

must be fought
if so,

whether

and higher

dispatches from

of recent

we may

civilization, if

for or

accept the trend
as

evidence

among

the ruling

Petersburg

St.

and
dispatch this week with reference to the
powers.
details of the provisions which will go to make up the
of the course of thought

intention

A

now

character of the popular

assembly

in

process of

being organized certainly

very encouraging.

Says the

"Kovoe Vremya"

is

announced definitely that the powers of the new popular assembly
which will be composed of five hundred members elected
of

June

22,

is

it

of the Council

for five years will be co-equal with those

become law must
pass both houses and receive the Emperor's approval.
Other features given agree with the information already
of the Empire, and that

the

the

will

press

all legislation to

Representatives

of

be admitted to the Assembly, but

re-

Associated Press.

cabled to

must be censored before

ports

there will be a regular
the

ings like

official

publication of the proceedIf such a

body

can be put into existence and hold guard over the purse-

inter-'

amount of.
This movement'

gold which was consigned to London.

French exchange was at first attributed to efforts to
accumulate gold in view of possible derangement result-'
ing from the Moroccan incident. Later, however, the exof

planation was

made

London, through

that Paris

sales of

was drawing gold from

exchange on that centre,

the purpose of remitting the metal to

Rome,

the

for

premium

encouraging such move-

Italian exchange

on

at Paris

Bankers here who are familiar with the situation

ment.

do not regard

as

it

probable that

this

movement

gold

will be important, for the metal is probably required for

the settlement of balances which will

Incidentally

it is

soon

be adjusted.

stated that Italy's financial conditions

Large amounts of money, said
to be $40,000,000 annually, are expended in that country
by tourists and an equally large sum is remitted hence by
Italian immigrants who have settled in the United StatesJ
The adjustment of exchange balances is effected through;
Paris, and therefore it is only when they are exceptionally
heavy, as is the case now, that they attract attention.
are

very encouraging.

Two

In addition

publication.

"Congressional Record."

of one

ception by French bankers of a considerable

the

all

An encouraging
permanent settlement.
word may and should be said with regard tg Rusand that is, it seems to be leaning towards a
sia,
better

fall

with

a

against

week was a

centime in exchange at Paris on London and the

make

will

results

its

interesting feature of the

whether an-

horrors of war, before the establishment of peace can be

reached, and,

An

to

2593

dividend announcements have attracted atten-'

week

tion this

increase

the

semi-arinual

in the

Reading Company common

distribution on

the other the

New York

—one

declaration

of

second

a

stock,

dividend

and
on

&

for good.

Western Railway stock. The
Reading Company made its first payment on the common shares in February of the present year, the amount

We

then being 1^ per cent. Now the dividend has been
increased to 2 per cent, placing the common shares on a

strings of the

empire so as to be able

to retain its free-

dom, the newly created Russia will indeed be a power

suppose Pittsburgh and Allegheny will be disap-

pointed by the injunction which will probably delay to

Ko

another year their union.

two

cities are

more nearly

one by situation and natural conditions than they
Yet,

if

public sentiment

we have

the injunction, as

ment,

can

by

cured

be

on the fact that

which the

citizens

another

is

of

only a postpone-

is

on a defect

Legislature;

that

merger-enabling Act

the

There

legislation.

based

is

proposal,

favors the

intimated,

decision

the

for

strongly

are.

is

that
is,

special

a further source of consolation

Xew York

disappointed neighbors, which

could suggest to their
that union

is,

is

not an

unmixed good. What we mean is that it most certainly
would not be followed by the decreased taxation which is

Ontario

4 per cent

basis.

Company

Step by step the Reading

has been rising to a higher basis.

It is considerably less

than ten years since the property was reorganized, and
it

may

that

be recalled

that

was only

it

though dividends on the

first

shares

paid since 1900 and dividends on

the second preferred

The placing of

stock were begun in 1903.

shares, however, on a dividend basis

ant act of

standing

is

all,

since

the

September

was terminated,
preferred stock have been'

voting trust in the

the

last

of the

common

the most import--

is

amount of

equal to the total

the

the

first

common

out-^

preferred

and

second preferred shares combined, being $70,000,000j

With

the inauguration, therefore, of 4 per cent dividends'

we have on these common shares, the Reading Company iS'
securmg of public now paying 4 per cent on the whole $140,000,-;

generally promised in such cases, but, so far as
heard, never comes to pass. It

makes the

more easy of accomplishment. Having, however,
done that, the good people are not more slow
but more ready to borrow if need be the money to carry

utilities

them out. At this centre the new authorities, after we
had assumed the honor of several millions of additional
population,

first

raised our assessments on real estate (which

previously had been carried at two-thirds

Thereafter the bond
as

much

issues for

larger as the

Next, the

new work

increased

Legislature

took

value) to par.

quickly became

assessments permitted.

off

the

State

and
revenue

tax

000 of its stock of all
and transformation which

classes.

The rejuvenation
underJ

property has

the

gone since the foreclosure of the

constituent

panics in 1896 constitutes one of the

marvelous

com^
de-:

velopments which have occurred in the railroad world in
recent years.

Possibly some will

thinking that the improvement in

make

the mistake of

its affairs is

ascribable

and the better control exercised over the anthracite coal trade.
That has certainly been a factor in its advance and prosperity.
But
entirely to the better handling

it has really been only one element in its situation.
most of the
The
from which came out of New York, but only a very truth is, there has been a general all-around develop-^
considerable traffic in bituminous coal has'
small fraction of that revenue was allotted to Xew York, ment.
built
up, the general merchandise traffic has been]
the greater amount being distributed thr ough the country been
districts.
So it goes. We have the glory of a Greater developed in all directions, and the passenger traffic has
New York and the adornment of a bigger bond issue not been neglected. At the same time, economies in,

substituted

special

taxes,

the

A

and higher
like the

taxes.

exchange.

We judge,

however, that our people

operation

and

increased

efficiency

m

management

have been attained, thereby decreasing the cost

work per unit

of

of transportation service rendered.

the_

[Vol.

THE CHRONICLE.

2594
The income

of the

jments

sta.

dent tbat 4 per cent diridends on
well witliin the company's

ability

company make
the

common

to

pay and

it

Treasury, of $794,000, and the

evi-

stock are

Assay

main-

to

Office checks, of

large interior

movement

=4

through Seattle'

receipt,

$470,000 Klondike gold, and a
of currency to this center.

the
For the fiscal year ending June 30 1904
These accuramulations of money at this centre are pre-,
charges in
annual report showed a surplus above fixed
of July interest and divicontributions of paratory to the disbursements
amount of $7,757,538 after making
because of the lighter inand new work. dends; as a consequence, and
nearly 83,000,000 for improvements
representing bankon the quiry for speculation, money on call,
Allowing $2,800,000 for the 4 per cent dividends
was easier this week, and loans on the
shares and $475,000 as the ers' balances,
fiist and second preferred
at 2 per cent^
mortgage sink- Stock Exchange were at 2^ per cent and
contribution required towards the general
banks and trust companies
equal to more averaging about 2^ per cent
ing fund, there was left over $4,400,000,
Monday loans
common stock. quoted 2J per cent as the minimum. On
thin 6 per cent on the $70,000,000 of
with the bulk of
have been were at 2J per cent and at 2 per cent,
Furthermore, in the current fiscal year results
On Tuesday transactions
business at 2^ per cent.
The figures are available only as yet for the the
still better.
and at 2 per cent, with the majority
ten months there were at 2| per cent
teu months to April 30, but for these
On Wednesday and on Thursday loans
at 21 per cent.
was a surplus above charges in 1904-5 of $8,506,873
2 per cent, with the bulk of
the correspond- were at 2^ per cent and at
against a surplus of only $6,200,912 in
On Friday transactions were
favor of 1904-5 the business at 2 per cent.
ing ten months of 1903-4— a difference in
per cent, with the majority at
The showing, therefore, for at 2^ per cent and at 2
cf over 21 million dollars.
Early in the week there was a firmer tone
certain to be ex- 21 per cent.
the year which ends on June 30 1905 is
domestic offerings,
for time loans, owing to lighter

tain.

;

tremely

iciv'orable.

In the case

of the

Xew York

Ontario

Western, we

&

no such abundant surplus to deal with.
manageThis is a small property, which under energetic
ment has been raised to a position of considerable advanin new hands,
tage, but control of which is now held
ownership being lodged in the Xew York Xew Haven &

have

of course

Under

Hartford Eailroad.

the

old control

contracts
some of the lenders being indisposed to make
those when money
for periods extending to or beyond
is

pecially for

was the

it

the

entire

of

eight

by
sion

board

the

trustees.

was

shareholders

the

in

thirteen

By

made

directors

of

directors

the

for

the

Hartford

officials

were more

liberal,

Exchange

and 3f ®4
the business was
per cent for seven to eight months
months to and
chiefly in contracts extending from three
commercial
beyond the end of the year. The supply of
Merlimited while the demand was good.

days,

3| per cent

for four,

3J for

five to

six

;

paper was

is asserted that
the result of prompt collections, and it
with a smaller volthe majority will close the half-year

to

company's financial

same time we may presume that the

&

offerings

where previously
had been chosen
provi-

needs,

earnings.

a free hand in the distribution of surplus

Haven

however, merely

shorter dates, were,

week

es-

with funds,
chants generally appear to be well supplied

right

immediate and prospective, thus giving the management
the

quotations then recorded,

elect

the

arrangement

same

The

there was an
and, influenced by those by foreign bankers,
Eates on good mixed Stock
easier tone to the market.
collateral were 3 per cent for sixty to ninety

from the advent of a new ownership. The circumstaiices
under which the 3 per cent dividend on Ontario & Westthat
ern stock was paid in January 1905 are well known,
vesting

the

J^ater in the

nominal.

the property,
policy to put the yearly surplus back into
apart
but the situation has in many respects changed,

act

usually most active.

At

Quobefore.
of outstanding obligations than ever
ninety-day endorsed
tations are3^®4 per cent for sixty to

ume

bills receivable,

3|®4i

per cent for prime and 4J'S)5 per

names.
cent for good four to six months single

Xew York Xew

are not averse

to

obtaining

The Bank

of

England

rate

of discount remains uncable reports discounts of

2J per cent. The
l^^l 15-16 per
sixty to ninety day bank bills in London
The open market rate at Paris is If per cent and
cent.
According to
is 2J per cent.
on the same will therefore call for $870,000. The sur- at Berlin and Frankfort it
London, the Bank of England
plus on the operations of 1903-4 was just about equal to our special cable from
In gained £743,255 bullion during the week and held £38,this requirement, having been reported as $886,828.
beea further 860,916 at the close of the week. Our correspondent
fch^ current fiscal year these results have
gain was due to imports of
improved upon, however, the return for the ten months further advises us that the
1904-5 £44,000 (of which £20,000 from Australia and £24,000
to April 30 showing a surplus for this period in
of £690,000
bought in the open market) and to receipts
of $963,048, against a surplus in the corresponding ten
net from the interior of Great Britain.
months of 1903-4 of $630,952, a gain of $332,090.

some return on their investment in the property. The
amount of the common stock is somewhat in excess of
$58,000,000, and the IJ per cent dividend just declared

changed

at

exchange
Though there was a firmer tone for foreign
There was no change in official rates of discount
for remitin consequence of a good demand
by any of the European banks this week; compared with on Monday,
market grew
the following day's steamer, the
last week unofficial or open market rates were easier at tance by
inquiry and a better
easier thereafter because of a lighter
London and in Germany and steady at Paris.
agamst
finance bills and those drawn
Last week's statement of the Xew York Associated supply, chiefly of
tendency
European account; the
Banks showed, as the most important features an increase securities bought for

Thougli the

of

$15,340,000 in loans, four

of

the institutions largely

contributing thereto; an increase of $1,495,000 in cash;

was downward to the close of the week.
large, and
outstanding volume of finance bills is

esti-

from $75,000,000,
drawing them, for
there appears to be little hesitation in
will be readily obtained
bank statement should rcllcct, among other items, the it is expected that cover therefor
will probably below as the
transfer hither from San Fraucisco, through the Sub- at maturity, when exchange

a gain of $10,452,000 in deposits and a decrease of $2,018,000 in surplus reserve, to $7,209,500. This week's

mated by leading bankers

at not

fiir

.

June

,

THE CHRONICLE.

24, 1905.]

result of the season's exports of cotton

and grain.

proceeds of the

loaned for three

months at 3 per

and

cent,

now be

can

drafts

if

the bills can

The

be renewed or

M

now

negotiating for sight

cover finance

mature

that will

bills

drafts with

October, and they report that such,

8630

fered at 4

should

then
of

not

(Jurrency

desirable

ruling for

because of

ninety-day

were

Avhich

bills

during the current

the

drafts,

drawn

month would,

it

negotiation

renewed

or

show

claimed,

is

Tofnl

polfl

With

ulative sales of long sterling this week, and these operations, together with the offerings of finance bills, con-

terest

ly

exchange.

There was also some sellwhich had been accumulated by brokers in

anticipation of a

demand

for the remittance

and dividends; such inquiry

is,

of July in-

however, not

develop until after these semi-annual

to

ments

shall

have been made.

cotton were in fairly good

Commercial

like-

were promptly absorbed.
Custom House, $478,956.

..

$8,892 000

I

|

14,625.000

Gum.

{3,109,000

604 000

Gain.

KM.OOO

^5.229 00"

Gain, S-UOO" OOO

Sub-Treasury operations the result

as

is

Week ending June

Into

23, 1905.

Out of
lianhs.

Banhs.

Total eold and lee^l tenders

...

«S,892.000

*5,22Li,000

88.450,000

24,550,000

?35,342.000

29.779.000

The following table indicates
the principal European banks.
Jmie

iVct Clxanrie in

Bank Bol dings.

the

Gain. S3,OdJ.O00
Gain. I II )i) 000

Gain.

amount

22. 1905.

June

of

#5,.5r>3

000

of bullion in

28. 1004.

Gold.

Silver.

Total.

Gold.

surer.

£

£

£

£

£

lotal.

England.. .. 38,860,916
88,860,916 85,167,161
35.167 161
France
113,737,241 44,497,243 158,234,484 111,616,728
45,438,878 157,055 608

Germany..

41,054,000

Knssia
104,844.000
Anst.-Hun.. 47,785,000
Spain
14,824,000
Italy

13,684.000

54,738,000
6,349,000 111,193,000
13,079,000 60,864,000

36.872,00(1

12,955,000

84,727.000

8,085,000

92.812,000

46.987,000

13,997,000

60,981,000

49,827,000

22,239,000

37,063,000

14,700,000

20,413.000

35113,000

22,329.000

3,651,800

25,980,800

22,015,000

3,999,300

26,044.300

6.785,400

6,245.200

13,030,600

5,476,300

6,638,200

12,114,500

8,202,667

1,601.383

4,804,000

3,080,667

1,540,333

4,621,000

Netherl'ds.
Nat. Beler. ..

Tot. week... 393,422,224 111,346,576 504,768,800 360,671,850
113.06'5.711 473,738 567
Tot. nrev .. 392 851 745 110,779.9001503 631,645!
359.777,221 112,465.484 172,242.705

disburse-

TRJE

against

bills

supply early in the week, but

they

Xel Interior
Movement.

follows.

Sank

satisfactory
profit.
Some bankers, encouraged
by the offerings of September and October drafts at the
above-mentioned rates, are reported to have made spec-

ing of drafts

»pgal tPrdprw

the

a

tributed to lower

nnd

Hanks interior movement aa above
Sub-Treasury operation s

low rates

the

}8 094,000
798.000

Gola

liberally of-

former and 4 8625 for the latter
renewals could not be effected, or

if

be

finance

are

Rectired by
Shipped in,
r. B^nffs. V. r. FnnTu'

23, 1005.

and

for the

Even

month.

September

in

bills

Avhich to

June

eek ending

AT.

extended ninety days hence, until the end of the year,
more advantageous loans can be effected. Some bankers are

2595

Gold received

at

the

ifominal quotations for sterling exchange were 4 86
for sixty-day and 4 88 for sight.
On Monday the market was strong and, compared with Friday of last week,
rates for actual business were 15 points higher lor lonij

The

"MOBOGGAY

QUESTION.''

persistent reports from

European markets during
few weeks, that the situation was becoming
critical on account of the Franco-German
dispute over
Morocco, and particularly the disquieting action
cf
the

past

yesterday's

served

Paris

chiefly

At

readers.

to

a

market,
puzzle

time

have,

we

minds

the

when

of

would

it

imagine

American
seem that

at 4 8530'S)4 8540, 10 points for short at 4 8720^4 8725 the
entire attention of financial Euro])e should
be
and 20 points for cables at 4 8750'®4 8760. On Tues- converged on
the efforts to settle the Eastern war, it
day the tone was easier at a decline of 5 points for long was perplexing
to read day by day in the foreign advices
to 4 8525®4 8535, of 10 points for short to 4 8710'® that
the Moroccan controversy was approaching a crisis
4 8715 and of 5 points for cables to 4 8745^4 8755. On and deranging financial
markets.
The meagre details
Wednesday long and short fell 5 points to 4 8520® which have been sent by
cable have hardly served to re4 8530 for the former and to 4 8705'S)4 8710 for the lat- move this perplexity. It will
be worth while to

review

ter,

while cables were 10 points lower at 4

8735®4

8745.

The market was easy again on Thursday with long

un-

briefly

the

salient

facts

in

curious

this

diplomatic

quarrel.

changed and short and cables 5 points off, the former to
The situation originated in the French claim to a
87'2)4
4
8710 and the latter to 4 8735^4 8740. The species of protectorate over
Morocco.
This claim, more
tone was firmer on Friday at an advance of 5 points all or less shadowy
at the outset, was not explicitly recogaround.

The following shows daily posted rates
exchange by some of the leading drawers.

for sterling

DAILY POSTED EATES FOB FOREIGN EXCHANGE.

Brown
Brothers

& Co

Bartni;,

Magoun A Co,
Bank British
No. America.

Bank of
Montreal
Canadian Bank
of

Commerce.

Heidelbacb.Ick-

elheimer&Co.
Iiazard

60 daye
( Sight..
5 60 days
( Sight..
5 60 days
(Sight..
60 days
J
{Sight..
( 60 days
(SlKht..
60 days
(Sight.,
60 days
sight..
60 days
{

i

i

Freres
Mercbants' Bk.
of Canada.

!

i

'

SiBht.

The market

.

Fri..

MON..

June 16

/ttne 19

486
4 88
4 86

488
4 86
4 88

486
488
4 86

488
4 86

488
4 86

4 88
4 86

488

86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88

TUES.,

June
86
88
86
88

20.

Wed.,

88
86
88
86
88
86
88
86
88
86

86
88
86
88
86
88
86
88
86
88
86
88
86
88
86

88

f^8

88

Thur.

June 21 June

Fri..

22.

86
83
86
88
86
88
86
88
86
88
86
88
86
88
86

lune

nized in the general partition of " spheres of influence "
in Africa ten years ago; the reason being that
Morocco

was an independent government previously recognized
in treaties.
Morocco is adjacent to the French colony of
Algeria, and the necessity of arranging mutual trade

23.

86
88
86
88
86
88
86
88
80
88
86
88
80
88
86
88

closed on Friday at 4 8525'2)4 8535 for

facilities led

naturally to frequent intervention of Franc©

in the diplomacy of that country.

In the end, a general
assertion of the right to influence, subject to the Sultan's
assent, the trade regulations of Morocco,

by France.
through

The claim acquired a

was put

forth

status in diplomacy

recognition in the Anglo-French agreement
of April 1904.
It was , in fact, so far as we have been
its

able to see, an altogether salutary arrangement; for
the
reason that the Moroccan Government has been, at
fre-

quent intervals,

a nuisance

to

the

trade

of outside

and that France, on account of its Algerian
possessions, was the only power qualified properly to deal
nations,

long, 4 8705'S)4

8710 for short and 4 8735^4 8745 for
Commercial on banks, 4 85-0)4 8505, and
documents for payment, 4 844'S4 85 g. Cotton for pay- with it.
Xot long ago M. Delcass^ announced a diploraatio
ment, 4 84i'S)4 84f, cotton for acceptance, 4 85'S)
mission
whose purpose was to accomplish certain definite
4 8505, and grain for payment, 4 85^-^4
cables.

85f.

reforms through arrangement with

The
to

following gives the week's movements of

and from the

interior

by the

Xew York

bankSv

money

the Sultan of Mo-'
Before the consummation of this mission could
be reached the German Emperor had intervened, ap-

rocco.

—
THE UHKOJNiUJLE.

2596

and thereby innegotiaFrench
ducing him to postpone
The German Emperor next announced that the
tions.
reforms proposed must be first sanctioned by a conAt first blush no
ference of the European Powers.
one could understand precisely what was the purIt was surmised at the start
pose of the Kaiser.
proacliing the Sultan by a rival mission,

action in the

the time

—

[VOL. LXXX,V

Marchand episode

of the

Conservative French public

1898.

foolish dispute with

in

Fashoda during

men

learned, in that

England, the uselessness of violent

when

political demonstrations,

by an ultimatum that

it

backed up by

As

force.

was

so

little

was

to

be gained

practically certain not to be

regards the Moroccan situation

need only be said that Germany cannot possibly

itself, it

—

and the surmise has turned out to be correct that upset or displace the civilizing plans matured by France,
the five or six Powers included in the proposed con- unless it defends relapse into barbarism; that assumpference had no wish to intervene in the Moroccan mat- tion of an outright German protectorate would be opM. Delcasse assumed a defiant position in the posed by other Powers, and would scarcely be suggested;
ter.
matter of the German claims, and it was probably his and, finally, that in so far as the German demands stipattitude which brought the dispute to something of a ulate the ''open door" for European traders in the
His retirement from the French Foreign Office Moroccan Sultan's dominions, that has already been
crisis.

—^understood
this

have some connection with

at the time to

Moroccan question

—

by France in

explicitly pledged

its

new announcement.

the matter in charge of the

left

who has assumed an attitude of
now supposed to have proposed the

Premier, M. Eouvier,
conciliation,

and

is

adjustment of the question by joint conference between

France and

On

Germany.

this

basis

we suppose

the

THU REASON FOR THE COUNTRTS LARGE
CONSUMPTION OF IRON AND STEEL.
Through the kindness of Mr. James M. Swank we

have been furnished with advance sheets of the annual
IsQt unnaturally, this sudden and rather singular move statistical report for 1904 of the American Iron &, Steel
The report comes at a time when it is
of the German Emperor has been interpreted on Eu- Association.
matter will be eventually adjusted.

rope's markets as

of the balance of

an outcome of the present derangement

For many years

power in Europe.

it

has been taken for granted that the various combinations

sure to attract special attention by reason of the recent
reaction in the iron and steel trades, after the extreme

and buoyancy which had

activity

prevaileil,

and which

Powers were counterbalanced by the dual alli- reaction appears now to be giving way to a somewhat
ance between France and Eussia. Eecent events have better tone again. Always a comprehensive document,
shown that Eussia's valueas an ally, for purposes of Euro- the report is this time more replete with figures and data
pean diplomacy has, for the time at least, become practically regarding the iron and steel industry than ever before.
nil.
So far, therefore, as concerns Continental alliances, Indeed, it is no exaggeration to say that in fullness of
France is left isolated. Absorption of Eussia's energies detail with reference to the facts concerning this imin the Eastern war, the massing of its land forces in portant industry, no report like it can be found in any
Manchuria, and, more particularly, the annihilation of its other country. This is a distinction, to be sure, which
fleet, render it powerless as an eSective ally.
It is not the report has always possessed during Mr. Swank's
of other

Strange that the

German Emperor's peremptory

mands on France, coming
have led

at

to the inference that

de-

such a moment, should

he had deliberately chosen

the hour of weakness to drive his old rival to the wall.

We have not, however,
tion.

It

may

been able

to

readily be conceded that

accept this supposi-

if

Germany had pre-

long connection with the Iron

&

Steel Association, but

growth and development of the industry the
feature becomes invested with additional prominence'
with

the

Moreover, a number of new tables have been added.

Kearly
for

all

the statistical compilations

are

carried

back

a long series of years, some of them for a half cen-

mind certain definite demands in connection tury and over. The remark applies to the price records
with Moroccan diplomacy, it would naturally have chosen as well as the figures of production and consumption.
such a time to press them. But that any other purpose Altogether a mass of information in compact form of inviously had in

entered into the

German Emperor's

designs

we

doubt,

and this for the very good reason that the futile alliance
between France and Eussia has, since a year ago, been
replaced by the really much more effective entente
between the French Government and Great Britain.
Under such circumstances it is quite inconceivable that

calculable value

is

furnished to the student and to

all

those interested in the condition and progress of the iron

and steel industry.
Mr. Swank's review

closes with

comes down

the

close

to

April 1905, and thua

present

time.

His remarks

improvement in the iron trade
Germany should have contemplated forcing France to which began last August and September, and continued
retaliation.
The talk of mobilized armies on the Franco- to spread and to expand month by month thereafter until
German frontier strikes us as the product of pure Stock April the present year, are pertinent at this juncture and
Exchange imagination. It is true that certain German wri- are also suggestive of the causes underlying the moveters have used the occasion to express their dislike against, ment, and which likewise explain the betterment of tone
not only France, but England. This, however,

concerning the great

something now noticeable once more after a halt of four or five
which occurs almost invariably under such circumstances. weeks. Of course the great change in conditions which
There is no reason to believe that these newspaper arti- occurred last autumn was not confined to the iron trade.
is

any respect voice the sentiments of the German It extended
Government. The Emperor has carried out a diplomatic the country.

cles in

maneuA'er; but he has certainly not threatened war, and

none
It

would be served by doing

of his interests

seems

attitude

is

to

us,

so.

moreover, that M. Eouvier's present

wise and

and the advantages

statesmanlike.
to

The stake

is

small,

be gained are hardly such as to

—

where accepted as an authority regarding iron matters
that the extraordinary activity which began at the date

more general applicathe iron trade than any previous

mentioned has probably been
tion to all branches

similar

"Warrant disturbance

check

power.

mand

of friendly relations with another
This was the lesson very positively learned at

whole range of industries throughout
But Mr. Swank observes and he is every-

to the

state
it

of

of things.

Notwithstanding the

remains true that

for iron

and

steel

of

for

recent

several months the de-

products in the United States

'

tiuisji z^, iyuo.j

THE CHRONICLE.

has never been equaled.

demand

lias

taxed and

Mr. Swank asserts that

this

amounts of iron and steel, whereas previously'
the domestic product had to be
supplemented by large
siderable

taxing our manufacturing-

is still

plants to their utmost available capacity.
Manufasturers of pig iron, steel rails, structural steel,
plates

imports.
Doubtless very few peisons stop to think
what
an enormous difference this item by
itself

and

and locomotives (inchuling railroad shops),
and general machinery and foundry products, were
never
more actively employed than they are to-day. Tiie
whole country urgently wants iron and steel ior a
thousand uses. Our export trade in some iron and
filieets,

cars

consumption.

is

On

ex])orts

awaken

needs of their roads until the present year,
and it
tlie suddenness of this awakening
that the country

to the

classes of iron

which

bearing

the question whether activity

We

continue in the iron

1903 and continued

for a

great loss of confidence

good part of

in

attended by

190-f,

the financial and investment

world, a very noteworthy curtailment of
consumption ot
iron and steel products ensued, making
the need and
want for such products very urgent when business
i-evi-

The

tons.

we

steel),

as

find

between

a

dif-

total

shrinkage in

1904 and 1902 of°over

3,000,000 tons.
This comparison

may be extended one step further
with a concrete illustration touching a
product used by
the

railroads

make

We

alone.

of rails in

allude

to

steel

The

rails.

1904 reached only 2,284,711

mean that on account of the great shrink- against
2,992,477 tons in 1903, 2,947,933
Stock Exchange values Avhich occurred
during and 2,874,639 tons m 1901. This
shows a

inuustry.

age in

is to

and

home consumption

marked

upon

exceeded the imports by 901,276

adequate measure of the shiiukage which
took place in
home consumption. We have already seen
that the
make of pig iron in 1904 was 1^ million tons
less than it
had been in 1902 and if to this we add
the If million
tons loss on the import and export
movement (of all

managers recognized the necessity of
mey'.iag these deficiencies before the general
revival of
prooperou.s conditions last year, but othere
did not

steel

266,398 tons.

ference against 1904, therefore, in that
regard was almost
If: million tons.
This makes it evident, as already said,
that figures showing decreased
production furnish no

of these railroad

and

to

In other words, in 1902 the imports
exceeded the exports by 834,412 tons,
while in 1904 the

locomotives have been needed than had been
built and
also more bridges and better terminal
facilities.
Some

the course of the last seven or eight
months.
Vv^e believe this to be a feature in
the situation upon
which hardly too much stress can be laid in its

dropped

the other

1,167,674 tons.

(and in this also Mr. Swank is giving utterance
to an important truth) that our railroad managers have
not kept
abreast of the country's marvelous industrial
development
in the last lew years.
More tracks, more cars and more

for iron

steel

hand the country's exports of iron and steel
in 1902 were only 372,399 tons
and in 1903 no more
than 326,590 tons, but in 1904 the
amount rose to

also contributing to the general activity.

owes the unprecedented demand

made in the
we imported 1,206,811 tons of
and even in 1903 we imported
1,178,797
In 1902

but in 1904 the imports

tons;

However, the greatest demand for iron and steel comes
from the railroads. The fact is now generally
recognized

is to

and

iron

steol

branches

2597

tion as it stands, but

even of

ton''

1902

tons in

large redac-

this greatly

diminished output a large part was shipped abroad,
whereas in the two
previous years the exports of rails had been
very small.

The

was that the home consumption of
1904 amounted to only 1,900,237 tons, against
effect

rails in

3,057 195
and mercantile cir- tons in 1903 and
2,943,789 tons in 1902. This shrinkEvidence of the truth of age tells the tale
of the economy which the
railroads
the statement is furnished in the fact
that the out- were forced
to
practice
during
the time while
put of iron and steel for 1904 in most lines
was much financial conditions were unfavorable.

came and confidence in
cles was once more restored.
Val

financial

We

less than for 1903, the increase in the
last
of the year having fallen far short

of

few months

equaling

the

losses sustained during the earlier months.

We

turthermore,

of

went largely

Mr. Swank's annual

The

receipt of

report, with the elaborate statistics

contains, enables us to emphasize the
point aud additionally to impress the reader with
its significance.

in

the

production

Bessemer

in 1904, as

of pig

iron

of 1,512,219

tons;

of

rails

Of

amounts

new

railroads

were being

for that purpose;

for repairs

the less significant

built,

and the

of

rails

that

the

rails

on that account.
that

it

railroads

made

whereas now, with a

It

rail-

are needed

and renewals; but the contrast

membered furthermore

in

note

(seventeen years before) it iiad been
2,276,921 tons.
course in these earlier years very considerable

mainly

compared with 1903,

may

consumption

road system of over 200,000 miles, the rails

it

There was a shrinkage

the

1904 was only 1,906,237 tons, in 1881 (twenty-three
years before) it had been 1,990,836 tons
and in 1887

afiected all branches of the

trade.

while

in

have on several occasions during recent months
published figures to show how great was the
curtailment
in consumption during 1904 and
how generally it
iron

that

is

none

should be

re-

was not merely in the use
were forced to practice

and castings of 733,089 tons, and economy in 1904.
Orders for cars, for locomotives and
in rails of 707,716 tons.
In some cases the losses in tor the numerous other
articles required had to be cut
1904 succeeded losses in 1903. Thus the shipments
of down in like manner.
It was owing to this circum.
steel ingots

iron ore from the leading iron-ore
districts of the country
were only 24,364,685 tons in 1904, against

stance, for instance, that

27,071,503

Steel

Car Company

in

the

gross sales of the Pressed

1904 reached an aggregate

of
tons in 1903 and 30,416,055 tons in
1902.
The receipts only $4,498,268, as against $26,601,249 in
1903
and
of iron ore at the Lake Erie ports
were only 17,932,814 -$33,883,519 in the calendar yeiri902
tons in
orr^;v,„<.
ir\ /?o-. rtr>-,
^
,1
in IQO/f
1904, against
19,681,731 tons in 1903 and
The situation then is that in 1004 the consumption
of
22,649,424 tons in 1902.
iron and steel by the railroads was far
below the normal,
The production of pig iron was smaller than in either accounting
for the period of depression through
which the'
of the two preceding years—that is,
Avas only 16,497,033 iron and steel industry was forced
to go, while now the
tons in 1904 against 18,009,252 tons
in 1903 aud 17,- railroad demand for iron and
steel is again of normal
821,307 tons in 1902. Figures of production alone, howproportions and there is in addition the 1904
and 1903
ever, tell only part of the story.
It is a well known fact shortage to make up.
At the same time iron and steel
that duiing 1904, even with such a greatly
reduced out- prices are by no means high. There was
no undue
put, it became necessary to find markets
abroad for con- inflation even while extreme buoyancy
ruled in the iron
I

,

.

—

•'

.

.

[Vol. lxxx.

THE CHRONICLE.

2598
we demonstrated

trade, as

in

our issue of

May

27.

Since

ership

making the
then prices have somewhat further receded,
account; for low
state of affairs all the stronger on that

demand and remove inducements

prices stimulate

deferring purchases in expectation of

affairs of the

side of this

purpose apart

for

bank, and that

if

anything out-

was sought the purpose could hardly be confrom

In the present instance a
was plainly avowed. Section

one.

sidered a legitimate

this

Eevised Statutes provides that the
president and cashier of every national bank shall at all
times cause to be kept a full and correct list of the names

5210

lower figures.

still

and

unless some widespread general mishap should
occur in the railroad world, it seems likely that the
At
process of recovery in the iron trade will continue.

Hence

the

of

U.

S.

and residences of all the shareholders of the association,
number of shares held by each, in the office
events it appears certain that consumption will and the
all
business is transacted. It is furthermore added
remain large even if there should be an absence of the where its
''
list shall be subject to the inspection of all
buoyant spirit which until quite lately dominated the that such
the shareholders and creditors of the association, and the
market.

authorized to assess taxes under State authority,
during business hours of each day in which business may
verified copy of such list ia
be legally transacted."
officers

EIGHT OF BANK STOCKROLBERS TO
EXAMINE STOCK BOOKS.
If the decision lendered the present
pellate Division (First

month by

the

A

Ap-

in this State with

Department)

reference to the right of a stockholder in a national bank
shareholders shall
to make a copy of the registry list of

be upheld by the Court of Appeals, the doctrine regarding the rights of national bank shareholders in that regard will have been, it would seem, materially extended.
Under this ruling the officers of a bank can not inquire
into the purpose for

which the

list is

also required to be furnished to the Comptroller of the

Currency once a year. Moreover, pursuant to provisions
of Section 29 of the Stock Corporation Law of the State
of Kew York, every stock corporation is required to keep
correct books of account of all of its business and transactions, and also a book to be known as the stock book,

which book must be open

daily,

during at least three

business hours, for the inspection of

its

stockholders

and

make extracts therefrom.'^
must in judgment creditors ''who may
is extended to foreign
The decision was By Section 53 this requirement

sought, but

any event grant the desired request.
It may be noted, too, that by Section 4 of
stockholder corporations.
a unanimous one and was to the effect that a
the nait is provided that
merely to the :j!fational Banking Act,
in a national bank in this State is entitled not
citizens of
tional banking associations are to be deemed
examine the list of shareholders of the institution, but to
Acthe State in which they are respectively located.
prepare a copy of the same for future use. Such a course^
cordingly the Courts of this State have uniformly held
if sustained, will

obviously tend to

of the registry list

make

public property

of the shareholders of the banks in
the stockholder, having once obtained

For
what is to prevent him from divulging the

this State.

national
that they possess jurisdiction in actions against
banks and have exercised the same in due course.

Thus it was clear that a stockholder in a national
bank has the right to inspect the stock book at a proper,
mation or from furnishing it to the newspapers or any
time and place. However, as already stated, the view
?
one else who may desire to avail of it
has been that the purpose sought was an essential ele-'
The general facts are probably known to our readers.
ment in determining the right of inspection, and that to
Joseph W. Lorge, a broker and holder of a small amount
make such purpose legitimate it must have a direct reof stock in the Consolidated I^Jational Bank of this city,
To go a
lation to the interests of the owner as a shareholder.
applied to the bank for leave to copy the list of shareallow the holder to get the much desired
This request was refused by step further and
holders of the institution.
obviously
is
outside purpose
Subsequently he called at information for some
the

list,

infor-

the officers of the institution.

and asked
This book having been handed

the bank during
stock book.

commenced

to

business

copy the

hours

list

to see the
to

him, he

of shareholders, whereupon

bank took the book away from him. It
broker, wanted
is understood that Mr. Lorge, being a
the list of shareholders in order that he might trade in
In fact he admitted that he was a dealer in
the stock.
the officers of the

and bonds, and that he desired

stocks

names

of the shareholders in order that he

legitimate purpose

He

to

negotiate

denied that he intended to

obtain the

might

for

a

for the

purcbase of stock.

make

use of the informa-

giving the language of the statute an exceedingly broad
meaning. The Appellate Division, nevertheless, speak-

The
ing by Justice Hatch, adopts such interpretation.
inform the
of inspection, says Justice Hatch, is to
right

he
shareholder of the facts appearing in the book, so that
He is entitled to all of the information
act thereon.

may

be presumed, he armemory all of
gues, that the shareholder can carry in his
for the
contents; and as the inspection is granted
disclosed by the book.

It is not to

its

he has
purpose of informing him concerning the matter,
memoranda as will
the right to make such copies and
make the inspection effectual, not only by conveying to
enabling
the contents of the book, but also by

any purpose inimical to the interests of the bank.
He contended that it was his right as a stockholder to his mind
same in such form that he may act
know the names of the shareholders, and that the pur- him to retain the
The right of infor any legitimate purpose.
pose for which the right might be sought or exercised thereon
carries with it the right to make such
was immaterial. When the bank officials declined to spection therefore
the book as will enable the shareholder to
permit him to copy the names, he applied for a writ of extracts from
disclosed by the inspection.
mandamus to the Supreme Court, but Justice McCall, retain the information
power to withhold
It is admitted that the Court has
before whom the motion was made, refused to issue the
purpose and may reguwrit.
He then took an appeal to the Appellate Divis- an inspection for an illegitimate

tion for

which has now reversed the order of rhe lower court.
Under both the Federal and the State statutes a national bank is bound to keep its stock book open for the
But it has been supposed
inspection of its shareholders.

ion,

that such

inspection contemplated

•llowing the shareholder

to

nothing more than

inform himself as to the own-

late the

where

it

but
time when the inspection shall take place;
purpose, such as the
is sought for a legitimate

instance to
Court conceives the purpose in the present
during business
liave been, and the application is made
mandatory.
right to such an inspection is
hours, the

Having become

the

owner of some of the

shares,

Lorge

j

June

THE CHRONICLE.

24, 1905.]

had the right to resort to the stock hook for the purpose
of acquiring knowledge as to who were its stockholders,
such information in permanent form by
making a copy of the names. As disclosed by the record

and

to preserve

was the object of Mr. Lorge, the Court thinks, in
making a demand for inspection and taking memoranda
therefrom.
The right having been denied him, he was
that

entitled to the peremptory writ of

mandamus

for

which

he had asked.

2599

—It was annonnoed this week that the direotors of the
Merchants' Trust Company of this city had accepted, subject
to the approval of the Court, an cffer of |850,0'>0 made by
the Colvin syndicate for the securities of the Hudson Valley
Railway Company held by the trust company. It is stated
that this sum, together with $300,000 cash on hand, $500,000
in New York City bonds, and $300,000 which some of the
directors have agreed to advance, will enable payment in
full to the depositors as soon as the Court's approval is obtained. See remarks concerning Hudson Valley Railway on
page 2621.

Mortgage & Trust
John W. Flatten Vice—The public sales of bank stocks this week aggregate 275
President to succeed George M, Cumming, who became
ehares, of which 95 shares were sold at the Stock Exchange
President of the company several months ago. Mr, Flatten
and 180 shares at auction. The transactions in trust company
will sever his connection with the Lehigh Valley RR., of
stocks reach a total of 60 shares. T ^enty-five shares of stock
which he is Second Vice-President, on September 1.
of the Union Exchange Bank were sold at 218)^ 219^ as com—The Merchants' National Bank of N ew York, 42 Wall
pared with 201, the sale price last week, Morton Trust Co,
Street,
has just re-extended its charter for another twentystock sold at 9203^, an advance of 20 points over the price
year
period
from June 17, 1035. This institution was founded
paid at the last previous sale.
on
April
7 1808 and is the third oldest bank in the city. Oliveir
Banks— jfeto Forft.
Pries.
Latt previouM $ale.
Mhartt.
281-285
May 1905— 285
}100 City Bank, National
Wolcott was its first President and Lynn Catlin its first
*4& Oommeroe, National Bank of... 205-208>fl
Jane 1905— 208
230
95 Irylntr National Bank
May 1905— 23214 Cashier. The Merchants' has now a capital of $2,000,000,
Mar. 1904— 200
5 N. Y. Nat. Exohance Bank
201%
200
5 Thirty-f onrth St. Nat. Bank
Sept 1904- I8719 surplus and undivided profits of $1,436,497 and deposits of
218>4-219^ June 1905— 201
25 Union Exc'aange Bank
122,901,678. Robert M. Gallaway is President; Elbert A,^
Tbust oompanibb— A^ew Fork.
Brinckerhoff, Vice-President; Simuel S, Campbell, Cashier,'
690>«
25 Guaranty Trust Co
May 1905— 650
25 Lawyers' Title Ins. & Tnwt Oo. 814ia
June 1906— 820
and Albert S. Cox, Assistant Cashier. Oa July 1st the bank
920ie
10 Morton Trust Oo
May 1905— 800
will pay its 204th semi-annual dividend.
* Sold at the Stock Exobange.
§ Of this, 50 shares were sold at the
—The Jane 7th statement of the New York Life lasuranots
Stock EzohauKe.
—The dates for holding the annual convention of the & Trust Company, 52 Wall Street, made in response to the
American Bankers' Association at Washington, D. O., have Banking Dapartment, is a pertinent reminder of this old and
been changed to the early part of October, as it was found conservative institution's fiaanoial strength. Oa that date
that President Boosevelb could not attend late in the month. Its deposits in trust amounted to $38,679,075, which compares
It is now planned to have the "Trust Company Section" and with 130,048,844 June 30 1904 and $26,676,000 June 30 1903.
the "Savings Bank Section" meet on Oct 10 and the "Bank- The book value of the company's surplus fund ($2,944,828) on
ing Section" Oct. 11, 12 and 13. The Washington bankers June 7 last had a market value of $4,437,840. The instituare busy making preparations for the reception of the dele- tion has always restricted its business to private trusts,

ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S,

gates.

—The

stockholders of the lately consolidated Trust

Com-

pany of America. 185 Broadway, met last Wednesday and
effected permanent organization, The directors elected at
that special meeting were Charles T, Barney, James Campbell, W. H, Chesebrough, John D. Crimmins, James M,
Donald, Ashbel P. Fitch, H, B. Hollins, James S. Kuhn,
Frank R. Lawrence, Emerson MeMillin, Hismer B. Parsons,
Marsden J. Perry, Frank H. Piatt, J. J, Rlker, Edward C.
Schaefer, George R. Sheldon, Henry F. Shoemaker, Samuel
Spencer, Oakleigh Thorne, Robert B. Van Cortlandt, W. K.
Vanderbilt Jr., Warner Van Norden, P. A. B. WIdener and
On Thursday of this week the board
B. F. Yoakum.
directors

cf

Thorne,

chose

President;

the

following

officers:

Oiiklelgh

John D. Crimmins, Honorary Vice-

President; William H, Leupp, First Vice-President; H^man
Dowd, Second Vice-President; Raymond J. Chatry, Secretary; Frank L. Hilton, Albert L. Banister, Carleton Bunce,

Lee, F. C. Prest, W. J. Eck, Assistant Secretaries; S,
D. Scudder, Treasurer; John G. Boston, Solicitor, and Frank
W. BlacS, Auditor,
The company's main offices are located in the old quarters

W. W.

cf the

The

North American Trust Company at 133 Broadway.
Company offices at 86 Wall Street are to

old City Trust

be operated as a branch hereafter, while the former Trust
Company of Amerioa'd banking rooms at 149 Broadway will
be discontinued to-day and its business transferred to the
main office. At a July meeting the stockholders will vote
upon a proposition to increase the directorate from twenty-

—The

directors of the United States

Company

of this city have elected

declining all corporation or other public trusl^. Its deposits
constituting for the most part the trust funds of indi7iduals,
estates and executors, and not activa accounts snbj )ct to
daily

demands.

192.

The

The

total assets

on Jane 7th were

institution's executive, Mr,

H mry Pariah,

140, 839,-

has been

actively identified with its affairs for over forfcy-one years.

'

Mr. Parish became a trustee in 1864, Vice-President in 1869
and President in 1871, officiating as its head officer until the
present time. Mr, Walter K?rr is First Vice-President; Mr.
Hanry Parish Jr., Second Vice-President Mr. George M.
Corning, Secretary; Messrs. Z^ger W. van Zilm and Irving
;

L. Roe, Assistant Secretaries,

of

—The statement issued by the Real Estate Trust Company
New York (30 Nassau Street) to the Banking Department,

under date of Jane 7, shows that deposits have advanced
from $7,723,366 on December 81 1904 to |9,739,278 on Juoe 7
1905, and surplus and undivided profi!:3 from $350,890 to
Total resources increased from $8,002,256 to $10,-

$781,802.

962,454 during the

same

period.

—The Connecticut

savings bank tax bill, which reduces
one per cent, and which had been rejected by the Connecticut House cf Representatiyea, has
been passed by the Senate. Senator Bicknell stated that the
Attorney-General and other State offisials, including the
Bank Commissioners, favored the reddotion. He added that
he believed the House acted hastily, and that the real sentiment there was not against the bill.
the

amount by

—The
Street,

1-16 of

old Brooklyn Trust Cjmpariy, 177-179

Borough

of Brooklyn, has jast issued a

made

Montague

summary

of

Banking Department on June 7
four to thirty members. The new institution's deposits were
last.
It shows quite noteworthy growth since that issued on
It has a capital of
$55,939,097 last Thursday, June 22.
undivided profits Dec. 81 1904. The deposits on D30. 31 1904 were reported
surplus
of
and
a
$9,600,000,
with
$2,000,000,
The aggregate resources are at $15,855,19i, while the new statement Shows a total of
amounting to $79,852,
$17,897,896— a gain of over two millions of dollars in a little
$88,649,855.
over five months. Aggregate resources advanced from $19,—A semi-annual dividend of 6 per cent has been declared 003,892 tD $21,071,186. Theodore F. Miller is President;
by the Hanover National Bank of this city, payable Jaly 1. Samuel W. Boocock and Frederick C, Colton are ViceThis increases the yearly rate of distribution to 12 per cent, as Presidents; Stanley W. Hasted is Secretary, and Frank J,
its

against 10 per cent paid since 1898.

—It

reported that a membership in the New York Stock
Exchange was transferred yesterday for a consideration of
|70,0G0. This represents a decline of $2,500 from the last
is

previous sale^

W.

statement

to the

Diller, Assistant Secretary,

!

&

TradManufacturers'
Buffalo,
Y,—
the
&
Bank
of
N.
now
ers'
Mr. Pratt
Traders' National— died on Sunday last,
Vice-President of the bank until 1885, when he became Presi-

—Pascal

P. Pratt, founder of the Manufacturers'

WM

:

THE CHKONICLE.

2600
He

,

retired in 1901, his eon-in-law,

Robert L. Fryer,

[Vol. lxxx.

Bank, capital $400,000

the Commercial National, capital
and the Union National, capital $250,000. The
name to be borne by the consolidated bank will be the
United States National, and it will have a capital of $600,000
and
a surplus of $200,000. The officers, it is reported, will
—The Fredonla National Bank of Fredonia, N. Y,, was
ordered closed by the Comptroller of tha Carrency on Mon- be as follows President, M. T. Barlow; Vice-Presidents, G.
day. This action is said to be the reenlt of information from W. Wattlts and Victor B. Caldwell; Cashier, Alfred Millard,
the Examiner that the bank is insolvent. The institution has and Assistant Cashiers, W. E. Rhoades and L. M. Talmage.
a capital of |100,000 and on May 29 last reported total liabili—The directors of the Merchants- Laclede National Bank
dent.

sncceeding to the head of the bank, Mr. Pratt was also, it
He
is stated, one of the founders of the Bank of Buffalo.
was 86 years of age.

;

$400,000,

:

J. W. Schofidld has been appointed reFrederick B. Green, Cashier of the bank, a warrant
for whose arrest had been issued, has surrendered himself
and given bail in the amount of $10,000.

ties of $928,250.

of St. Louis have decided to increase the bank's capital

ceiver.

$1,400,000 to $1,700,000.

—Josiah

E. Fernald has replaced Lyman D. Stevens as
President of the National State Capital Bank of Concord

N. H.

I;aac Hill succeeds Mr. Fernald as Cashier.

—J. Livingston Erringer, President of the Philadelphia
Trust, Safe Deposit «fc Insurance Company of Philadelphia,
died on the 15th inst., aged ninety years. Mr. Erringer was
one of the organizers of the institution and had been its
President since 1874. He was also a director of the Philadelphia National Bank.

—The City Trust, Safe Deposit & Surety Company of
Philadelphia was placed in receiver's hands on Wednesday.
This followed the recommendation to that effect made by its
President after a meeting of the Finance Committee, which
had adopted a resolution in which it was declared the sense
of that committee that the company could no locger safely
continue, a loss having been incurred through the Gaskill
forgeries. Benjamin H. Gaskill, who died several weeks
ago, and was the sole member of the brokerage firm of Benjamin H. Gaskill & Co. of Philadelphia, "raised," it is
claimed, a number of stock certificates, causing a loss to
various banks and trust companies aggregating from $750,000 to $1,000,000. Mr. J. Hampton Moore, who was elected
President of the trust company in May, issued a statement in
regard to the company's embarrassment, saying in part
"Benianing in 1898 this company loaned toB. H. OasklU & Go. upon
most excellent securities until the agfcregate of the loan reached
$155,000. Of this amount $70,000 was paid afcer Mr. GasklU's death.
That left a balance due the company of $35,000, for which It was heUeved the collateral security amounted la value to $127,000.
"These securities, left with the company several years ago, were
found, upon examination yesterday, to have been forbad. Their actual
Talue was a little more than $5,000, mabing the loss to the company
nearly $30,000. Had it not been for this unfortunate and unforseen
oircumstanoetbe company would probably hive weathered the storm
brought about its head by the Appleyard Invasion of six months ago."
As announced some weeks ago, Mr. Moore succeeded
Gen. Louis Wagner, who had consented to accept the position
temporarily last December after the withdrawal as President
of Henry M, Jenks on account of rumors connecting the
name of the bank with that of Appleyard & Co. The company
has a capital of $500,000. It is the belief of the directors
that the depositors will be paid in full. The company holds,
it is stated, $96,000 of the city's money, and is on the bond
for several public officials.

The new

stock

from

(3,000 shares) is to

be issued for the purpose of providing a fund to pay for the
Laclede Building and its site, lately purchased by the bank,
and to remodel the structure. Present stockholders are
offered the additional stock at $300 per share. The directors
have agreed to take all stock not subscribed by other shareholders. Through the new issue the bank will also add to
its surplus, making the amount $1,600,000.

—The stockholders

of the Merchants' Trust

Memphis, Tenn., on Tuesday, the 20th

Company

of

approved an addition of $300,000 to the $200,000 capital recommended by the
directors on May 24. The new stock, we are advised, has all
been subscribed and will be issued July 1. The selling price
inst.,

$120 per share, $100 of which goes to the capital, and the
$20, to the surplus account. The institution began
business the current year on January 16. Felix T. Pope is

is

premium,

the President.

—The

Virginia Bankers' Association, at its convention
held In Richmond on the 15th and 16th inst,, had as its guest
of honor Secretary of the Treasury Leslie M. Shaw. Other
prominent speakers at the gathering were Robert F. Maddox, Vice-President of the Maddox-Rucker Banking Company of Atlanta, Ga.; Joseph G. Brown, President of the Citizen's National Bank of Raleigh, N. C; Col. John B. Purcell,
President of the First National Bank of Richmond, and
Henry L. Cabell. In his address as President, William H.
Habliston (President of the National Bank of Virginia, at
Richmond) took occasion to call the Association's attention
to the inadequate banking laws of the State. He i^ald :
" It is left almost entirely to the caprices of any banker how he shall
run his bank and invest the funds. Nearly every other State has a
carefully prepared code of laws for the regulation and examination of
the State banking iDstitations, especially strict when applied to savings banks and their Investments."
:

The appointment

of a committee of seven bankers to cowith
legislative
operate
bodies on any legislation affecting
the banking interests of the State was authorized in a resolution adopted by the association.

— Arrangements for the ocnsolidatlon of

two Dallas banks,
National
Exchange,
American
National
and
the
namely the
under the title of the American Exchange National Bank, were
perfected on the 18th inst. The National Exchange Bank
had a capital of $500,000 and the American National a capital
of $200,090. The resultant bank— the largest Institution of
its kind in Texas— has a capital of $1,000,000 and a surplus of
—A run occurred on the Second National Bank cf Akron, $500,000. Royal A. Ferris, formerly President of the NaOhio, on Monday. The bank was able, however, to meet all tional Exchange, is the President of the consolidated institudemands upon it. The Akron Clearing House Association tion. The other officers are: Vice-Presidents, J. B. Wilson
held a special meeting and adopted resolutions expressing (who was President of the American National), E, M.
confidence in the bank's ability to pay and guaranteeing all Reardon, C. C. Slaughter, E. J. Gannon and E. V. Lane;
deposits through the banks represented in the association. Cashier, Nathan Adams; Assistant Cashiers, J. A. Pondrom,
The run, it Is understood, had practically subsided the fol- G. H. Pittman, L. B. Torrey, Howard Claiborne and H. H.
lowing day. The bank has a capital of $350,000.
Smith. The enlarged bank occupies the quarters of the Na—It has been decided to change the name of the H|olcomb tional Exchange.
National Bank of Toledo, Ohio, to the National Biuk of To—The Mutual Life Insurance Company of this city, it has
ledo, and the stockholders will be called upon to ratify the developed, is the "large and inflaentlal moneyed institution'
proposition at a meeting on July 17. Cashier R. B, Crane which, it was announced several months ago, had made a
states that the contemplated change Is due to a desire to get proposition to purchase one-half the proposed Increase of
away from the personal, and adopt a commercial, name. The $1,000,000 in the capital of the Bank of California at San
bank has a capital cf $300,000.
Francisco. For the purpose of accepting the offer, the stock—The directors of the First National Bank of Milwaukee, holders of the bank were asked to release and assign to a comWis., have eh leen Oecar Kasten and Hanry Kloes as Assistant mittee their privilege to take 5,00) shares of the new stock,
Cashiers. Tbe daties of former Asiistant Cashier Henry G. These, it was stated, were to be disposed of at $375 per share
GoU will form paU of the functions of the new offiaers. The —$350 being paid to the bank and $25 to the stockholders.
bank has diacharged the $3,000,000 loan advanced to it two William Babcock, a dliector of both Institutions, will be the
months ago by the Milwaukee Clearing House and the Chica- Mutual's representative in the back.
go banks, having made the final payment of $500,000 on
—The Canadian Bank of Commerce has opened branches
Wednesday the 14th inst.
at Louise Bridge (Winnipeg), and at Saskatoon, Saskatche— It Is announced ihat three Omaha, Neb., banks will wan, N. W. T. W. P. Klrkpatrlck has been appointed Mancomblne-the Institutions being the United States National ager at^Saskatoon.

..

June

.

THE CHRONICLE.

24, 1905.]

DEBT STATEMENT MAT

1905.

31,

The following statements

of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued May 31, 1905. For statement of April
30, 1905
tee Chronicle May 27, 1905, page 2193;
that of May 31,'
1904, aee

litU Of

June

18, 1904,

page

2419.

t
Conioli of 1980
Q.— J. 642.009.960 685,087.800
Loan of 1008-1918.. Q.—r. 198.792.e60 48.067 880
4i, Fnnded loan. 1007..Q.— J
740,930,760 116,088,660
Refnnd'froertlflo's.Q.— J. 40,018.760
U, Loan of 1926
Q.— F. 162,815,400 92,760.800

t

7,848,750
84,077,480
40,006,760

26,739,ibo

642,909,950
7T,185.3«0
160,5»5.400
27.630
118,489.90U

Agg'teInt.-BearlnK Debt. 1,684.961,510 787,464.580 107.666,080

805,158.240

«

NOT«—Denominations of Bonds are

:

'8''»n<*tn« oertlfloates; of |20 loan of 1908 coupon
nl fix **??','""'^®*
remswrea.
•""" reirlstered
except 3s of 1908; of tlOO all Issues; """""" and
9.1 112^",

«
fS*'nn5"iS"*P*l^? °i ^"0*
and
nJ .% 2X^" 'eKlsted
Of »20.000

oo^P-: of $1,000 all Issues;
28.88
48; of $10,000 all reelstered bonds;
reel8t. 48 loan of 1907; of 160.000 regUtered 28
of 1930.

^P'"'"-

Jlay

°' 18B1. matured September 2 1891..
f^?^'^^*V£S,°
Loan of 1904, matured February 2, 1904
Old debt matured prior to Janf 1,' 1861. and Vat^i'.:

45.700 00
S24 s-M no
047;793 26

46 TOOOu
tnir-ln nn
947;716 2°

Si.

iT^Joisle

11,401.045 86

DEBT BEARING NO INTEREST.

»«

United States notes
abi Mann
'
Old demand notes
..........;....
'^I'SJ^SS
National bank notes-Redemption account!!!;!!;!*.!!!!
si^sfi^ifio
Fraotlonalonrrenoy less |8,876,984e8tim'd ai lost or destroyed
6;867.38i 08
,

Aggregate of debtbaarlDKno Interest

.TssTesaoOOOS

RECAPITULATION.
^.

May 31,

1005

f

896,168,240 00
1,377.166 26
884,962,100 08

Inc. or Dec

.4pril 30. 1906.
*

t

806,158.070 00 Inc.
1,401,045 26 Dec.
884.977,f07 68 Deo.

depressed that it iuflaenced unfavorably all other departments. Oa Thursday morning, however, there was a change.
It was reported from St. Petersburg that the Russian
Gov-

ernment had requested the governments of the United States
and France to find out what are the Japanese terms of peace.
As there are many other grounds for believing that the Czar
at last has been brought to see the necessity for peace,
the
report was instantly accepted as true and markets all recovSince the battle of Mukden many of the Grand Dukes
ardently in favor of continuing the war
have come to see that peace was necessary.
The Czar's
mother, also In the beginning in favor of war, ha3 lately be,

Funded Loan of I89i,oontlnnedat 2 peroent.oalled

Debtonwhlohlnterest has ceased

But especially they sold mining shares on a
and the mining market in London became so

ered.

DEBT ON WHICH INTBRB8T HAS CHASED SINCE MATCRtTT.

OlasHfleation of Debt—
Interest-bearlnRdebt,
Debt, Interest ceased
Debt bearing no Interest..

both in London and upon the Continent were, if possible,
more depressed than before. The French sold all sorts of
large scale,

—

t

Si.
St,

were rejected by the Sultan of Morocco, the scare revived, and
the majority of the French politicians decided that the
only
safe way out of the difficulty was to sacrifiae M. Dalcasse.
For the first three days of tie week, therefore, markets

securities.

INTHRBST-BBIABINQ DEBT MAY 31. 1905.
-— - AmountOutitanding
lntere$t Amount
Loan—
payable. itiued,
Registered
Coupon.
2otai

'2601

KO

00
23.880 oo
86,407 80

who previously were

come

an; advocate for peace. And since the Baltic fleet was
annihilated, almost everybody who counts in Rissia
has
likewise gone over to the Peace Party. For all that, the Czar

has remained obdurate, obstinately insisting that at any risk
war must go on. lb is believed, though, both in London
and in Paris, that during the past fesvdays he has been
shaken in his obstinancy; that his Ministers and others have
talked to him in a far more outspoken manner than ever
before, and that diplomatists likewise have contributed
to
the

his awakening to the true sense of the situation.
At any
rate the opinion prevails just now in Western Europe
that
the prospects of peace are far more favorable than they
have

been since the war began.
If peace is concluded, the universal opinion
of the best
Total net debt
1,000.346,187 36 ~997i817,941 67 Inc. 3,128,186 63
judges is that there will be a marked improvement in markets
*Inolndlng|160.000,000 reserve fund.
everywhere. In France, more particularly, the relief will
The foregoing figures show a gross debt on May 81, 19C5, be immeasurable. France will feel that
she is no longer at
of 11,281,487,505 34 and a net debt (gross debt less net cash the mercy of Germany;
that even if Raesia is seriously
in the Treasury) of $1,000,346,127 35,
maimed, still an empire of 130 millions of human beings has
Treasury Cash and Demand Liabilities.—The cash always to be counted with. Moreover, France will hope
holdings of the Government as the items stood May 81 we that with peace will come reforms, and that therefore the
immense sums she has invested in Russia will be safe. The
have prepared from the Treasury statement of that date.
recovery of courage in France will give an impetus to busiASSBTS
LIABILITIBS.
2r«8t Fund Holdings—
Trust Fund Liabilities—
ness everywhere. Moreover, France in her delight at the
Gold coin
$619,762,969 00 Gold certificates
f 5 9,76?,960 00
Silver dollars
468, i60,ooc 00 Stiver certificates
466,160,000 0ending
of the war will be ready to furnish Russia with
Silver dollars of 1890..
9,525,661 00 Treasury notes of 1890..
9,0l7,ovo«C
Silver bullion of 1890.
91,389 00
whatever is necessary to pay an indemnity. And the inTotal trust funds
$99^,629,969 UO
Tot. trust liabilities.. »996.5^9.e6ij 00
demnity will be lodged in the first place at all events in
General Fund Holdings—
Oen. Fund LiabilitiesGold coin and bullion... {31,320 Oil 80
London, where the accumulation of such large funds is sure
Gold certificates
3«,H51,ii7000 National bank 5 per cent
fnnd
113,054165 IS
Silver certificates
5,«87,8»7 00
to
bring about great activity in every kind of business. At
Silver dollars
18,«10,»12 00 Outstanding checks and
I,281,487.e05~84
*,' '^^°".
n« .v°K
Cash
balance In"S,''*
Treasury* 88 1.14l.37 7 90

1.281.538,622 84
284.318,681 17

dTt!
i97r7To
Dec. 3.177.803 18

. .
.

Bllverbulllon

United States notes
Treasurynotes of 1890.
National banknotes...
Fractional sUvercoln.,
Fractional currency...

79
00
00
00
b8
119 36
609,158 51
22.552 86

3,748,872
14,39B,aa3
33,709
13,C68,127
13,603,977

Minor coin
Bonds and Interest paid
Tot. In 8ub-TreasurlesJl39^m070e9
In Nat. Bank DepositariesCredit Treasurerof U.S. 169,488,820 67
8,974,972 88
Credit U. 3. dlsb.offlcers
17^4^7.792 t»5
Total In banks
InTreas. of Philippine Islds
'
Credit Treasurer of U. S. |1,C23,032
99
1.81B.446 63
Credit U. S. disb. oflleers.
Total in Philippines,
$8,739,479 65
Reserve Fund Holdings—
Gold coin and bullion $160,000,000 00
.

Grand total

.

$1,306,»70,312

-Jd

drafts

9.936,223 78

Disbursing officers' bal-

ances
53.441,048 60
Post Office Department
account
7,440,160 83
Miscellaneous items,
l.4?4.366 93
Total gen. liabilities.. tbO.Soa bOa 30
. .

.

Oash Balance Jc Reserve—
Total cash and reserve. ,$;81,141,877 09

Made up of—

Available. ,$131,141,377 99

and
Reserve Fund
Gold & bnll.$160,000,0 00 00

Grand total....

.$1,866,979,313 29

moment that we write, therefore, there is a more hopeful
feeling than has prevailed for fully a year and a half.
E^en
in Germany the prospect of ipeaoe has had a vivifying inflathe

Germany is] becoming seriously anxious lest much
longer continuance of the war should bring about revolution, and, what is even more serious to Germany,
should
enable the Poles to win autonomy. Consequently the commercial classes universally in Germany are anxious for an
ence, for

end of the war.
The Board of Trade returns for May show that the imports
of allklndsamouated to £16,832,967, an Inorease compired
with the corresponding month of last year of £3,052,869, or
4*6 per cent.
For the five months the value of the Imports
has been £229,595,284, an increase of £30,177, or 0*3 per cent.

The value

[From our own eorrespondent.]

of the exports of British >ad Iri ah produce
a id
manufactures for the month of May was £27,252,693, an increase over May of last year of £ J,93),6!)4, or 12-0 per cent.
For the five months the value of the exporcs has been £129,720,824, an increase of £),673,937, or 8 per cent.
The va'ue
of the re-exports for May was £-3,805,433, an increase
over

London, Saturday, June 10, 1905.
D
M.
jlcasse
made an exceedingly bad impresThe
sion upon European opinion. But it had become practically
inevitable, for the majority of the French people are resolved May of last year of £1,219,747, or 22
2 per cent. For the five
not to risk war with Germany at a time when their ally is months the value was £33,655,129, an
increase of £J,251,033,
fall of

unable to materially assist them. There is no harm now In
saying that the depression in the European markets, which has
lasted for some weeks, is mainly due to the extreme anxiety
that has prevailed in Paris ever since the Garman Government unexpectedly declared itself opposed to French policy
in Morocco. At first there was serious alarm.
Tben the
majority of Frenchmen came to balieve that the worst had
passed; that as Italy, England and Spain had given clear proof
that they would stand by France, Germany would not push
matters to extremes. However, when the French proposals

or 7"1 per cent.

Money is plentiful and easy and is likely to continue so. In
owing to the anxieties that have prevailed, there is

Paris,

utter stagnation in every kind of business.

Money, therefore,

has become a drug and the banks do not knotv how to employ
It.
They have this week somewhat Increased their balances
In London, even though business in London was very
quiet,
If peace is concluded and business Improves in
consequence,
no doubt the French banks will immensely increase their
balances here. Consequently the present expectation is
that

—

——
)

.

BIT1»BN»«

be
of Ergland'srate of discount will before long
that
concluded,
not
is
peace
if
Even
cent.
reduced to 8 per
probable. If peace is concluded and Japan insists
ifl

[Vol. lxxx.

THE CHRONICLE.

2602
the

Bank

thought

mainly
noon a large indemnity, the money will be furnished Bank
in the
lodged
be
will
place
first
the
in
and
bv France,
of money from
of England . The transf errence of a large sum
there isn t
causes,
political
many
so
to
owing
Paris (where,
as soon as
much enterprise at present,) to London, where,outburst
of
great
for
a
looking
is
one
every
peace is restored,
business and in
enterprise, will give an immense impetus to
But for a considerthe lorg run no doubt will raise rates
will make rates
money
much
of
so
presence
the
time
able
buainess.
of
kind
easy ani will encourage every
The India Council offered for tender on Wednesday 30 lace
to nearly 262 lacs at
of drafts, and the applications amounted
to
Is.
4 l-83d. per rupee.
31-33d.,
3
Is.
from
prices ranging
Applications for bills at Is. i\ and for telegraphic transfers
per cent of
at Is. 4 l-32d. per rupee were allot'ed about 11
for.
applied
amounts
the
«
..
n ».
The following return shows the position of the Bank oi
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1906
Jun«7.
ClronJatlon
Pnbllo depoBiti
Other deposits.
Gtovernment securities

X

fh^^Hfa
iZ'iliokn

ofm

BmU

Silver

Cumberland Valley

3-,447,'i7d

631-16

a
80 7-16
177,09. ,000

Iiondon

Texas

S

Montht.

S AfO*

Uonthi

A

2

Canton-Akron By

lea 605 o««

Presidio

IM

I

1

I

IH
IM
IM

194

IH

Ensilali Financial Blarfceta— Per Cable.
at London
The daily closing qnotatiODS for securities, etc.,
ending Jnne 26:
week
the
for
follows
as
cable
by
are reported

LOUDON.

—

d.
Silver, per ounce
C)onBolB.,new, 2>i p. ots.

Tuet.

Wed.

Thurs.

27

27

27 k

27 k

9038
907,8

907ie

If on.

8at.

2T«
90^

9oeie
For account
Ffohrentesdn Part8)ir. 9875 9870
5k
5k
Anaconda Mining
83k
Atoh. Top. A Santa Fe. SSOe

Preferred

Baltimore & Ohio
Preferred
Cttnadian Pacific

105 k

105 1«

UlSa

111k

99 k

•

—

Chesapeake A Ohio
Ohio. Great Western...

Preferred
Brie, common
iBt preferred

90 k

4ia8

41%

81

80%

81
67

35

52%
8214
9&is
167i«
6914

45ifl

63%
32H

Pacific

Southern Rallw., com.

28k
96%

28k
96k

Wabash

19
39 k

Preferred

74 k

Debenture "B"..

81%

81%

68

69

170%
151%

81k

68
167

64k
5238
81<»8

69%

6978

32k

49k
4(}%

45k

64k

146

52%
83k

95 k
l6i*k

70%
49k
46%
45k

82k
99k

32%

33
99 k

l26Bi

127 >8

100

lOOk

99 i«

9908

19

97 k
19

39k

89k

40
74

74

19k

29

147%

64B8

30

21k

66
36

6408

28^8

74

180k

42 38

95 k
167 k

64

19k

4208

I67k

6308

53

9ik

35
146

46%
45k

155k

29
91

64
35
45 k
52

49 k

114
99 k

29
91
42 k

64
35

i9k
46%
45k

106k

31

29

95 k

5%
85

29k

28k

81k

97 90

28%

21k
29k

99 1«

9Uk

180

83

2lk

Preferred
U. B. Steel Corp., com.
Preferred....

Union Pacific

IZft's

52%
19k

I51k

99 k
12«
99 k

99 )«

Preferred

155

21

69 k

46 \

51%
I9k

98k

20k
28k

95 k
167 k

49 If

*....

155

lis

l69k
151k

.65k
149k

43%
52k
81k

145

2d preferred*

Bonthem

28k
28k

4138

164k
49H

Phlla. «») Reading
iBt preferred*

I79k

90k

165
minolB Central
Louisville A NasbvlUe. I4914
20%
Mexican Central
Mo. Kan. & Tex., com.. 2flk
64
Preferred

Norfolk A Western
Preferred
Northern SeourltleB...
PennBylvanla

99k

91

67 k

Nat. RB. of Mex. .1 st pf
N. T. Cent. & Hndeon.
K. Y. Ontario & West-

99k
19k

28k
28k

67i«

Sd preferred

112k

61

178

OlUo. Mil. 4 Bt. Paul... 179
Ohio. Rook I. & Paolflo. 28k
Den. & Bio Or., com.... 28

111%

50%
19k

19>«

27 lis
90l,e

90^

90»,6
98-87k 98-82'» 98-47k
536
t\
5k
847e
84k
84k
105% 106
106 k

154k

&i

90k

*y*.

90k

1S4k

i27k
lOOk
8vB8

100%
19k
40
76

S.'^k

62%
84k

95 k

168%

71%
60

46%
46%
64%
33k

99 k

128%
100**

31
100

19%
4C%
76

Price per share.

©ommerctitt <tm\ naisccHancotisllcws
AmeUon Sales— By

Messrs. Adrian H. Muller dc Sou
Stocks

Stocki
95 Irving Nat. Bank

230

26 Union Exob. Bk..2184.21S!%
6 N. Y, Nat. Exoh. Bank. .201k
200
5 84th Bt. Nat, Bank
lOOaanalty Oo. ot Amer... 140
2,600 Amer. De Forest Wire.
Teleg. Co.,

2,600

com

We Forest

$'^

60

lot

Wlrelecs

TelfgraphCo
$500 lot
10 WoodiHwu Cemetery
149k
100 Det. & Mack. RR., com.. 60
281
60 Nat. City Bank
10 Morton Trust Oo
920k

&

690k
26 Guaranty "Trust Co
26 Lawyers' Title Insur.
3141..
& Trust Co
875 Intern. Bank. Oorp.it8-ie&i2
Jlondi.
$7,000 Ulloa Clint. A Blng.

KR. 1st 5s, 1939, JAJ

127k

$4,000 Coro. & Lavela RR.&
Imp. Co. lets, 19<:0, Jan.,
19U0, coupons on. .$80 per bond
$5,000 Amer. Writing Paper
Oo. lit SB, 1919, J&J..87 & Int.

1

20 Holders ol rec. J'ne 30
1

1

iH

to
to

8

Holders
J'ne 21

]

of

Holders of ree J'neSl*
J'ne 30
to
to
J'ly 6
Holders of reo, J'ly 20
Ang 1
to
J'ly 16
J'ne 30
to
J'ne 28
to
J'ly 16
J'ly 11
to
J'ly 9
J'ly 1
J'ly 16
to
J'ly 8

J'ne 17
J'ne 2 1

20c J'ne
3

J'ly 16
J'ly 18
re& J'ne 21
J'ne 30
to

6

16 J'ly
16 J'ly

J'ly
lh> J'ly
J'ly
1
J'ly
1
1«« Aug
3 J'ly
2H J'ly
3 J'ly
». J'ly

&

I

»U«t2H 2M®«H

2

2k

Mob

1

S 1-16

June

&

Holders of reo. J'ne 20
Holders ot reo. J'ly 1
J'ly 2
to
J'ne 27
Holders ot reo. J'ne 30

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

J'ne 21
J'ne 23
2
1 J'ne
Butotiers' * Drovers', National
1 J'ne 24
Chatham National (quar.)
1 J'ne 24
8
Citizens' Central National
1 J'ne 21
7
City, National, Brooklyn
I J'ne IS
4
Columbia
] J'ne 22
2
Commerce, National Bank of (quar.)
) J'ne 22
3
East Kiver National
1 J'ne 23
3\
Fourth National
J'ne 22
30
J'ne
3
Garfield National (quar.)
J'ne 17
)
J'ly
7
German Exchange
3 J'ne 21
S J'ly
Hamlltrn
1 J'ne 21
6 J'ly
Hanover National
I J'ne 21
10 J'ly
Importers' A Traders' National
1 J'ne 21
4 J'ly
Irving National (No. tfO)
J'ly
1 J'ne 21
6
Market A Fulton National.....
1 J'ne 20
J'ly
4
Mechanics' & Traders'
1 J'ne 22
J'ly
3
Mechanta' Exchange National
J J'ne 24
S'i J'ly
Merchants' National (No. 204)
) J'ne 26
6 J'ly
Nassau National, Brooklyn
1 J'ne 28
J'ly
2
(extra) ..
do
do
do
1 J'ne 24
New York, N. B. A .Bank of (No. 243) 64 J'ly
1
J'ly
North America, National Bankot...
J'ly
1 J'ne 25
6
Oriental (No. 104)
rue 22
4 J'ly
Park, National (guar.)
i J'ne 'iS
6 J'ly
People's (No. 108)
) J'ne 25
8 J'ly
Seaboard National
1 J'ne 16
3 J'ly
Twelfth Ward
1 J'ne 16
3 J'ly
Brooklyn

10

America, Bank or
Broadway, Broiklyn

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

6
3
4

nmon,

Wallabout. Brooklyn

8

J'ly

Bankers' (quar.)

IH

J'ly
J'ly

Trust Companies.

3
4
16

Bowling Green
Broiklyn, Brooklyn (quar.)
Central (qnar.)
Equitable (quar.)

•

New York

----

Title

Guarantee

nmon

A

—

6

4

Trust (quar.)

12's J'ly
25 J'ly
3 J'ly

(qnar.)

United States

Washington (quar

)

nilsoellaneons.
American Cement (Ho. 13)
American Chicle, com. (mthly)
pref (quar.)
do
do
American Locomotive, pref. (quar.
(quar.)
Pipe
American Sewer
American Shipbldg pref. (qnar.)......
Amer. Smelt & Refg, com.(qu.)(No.7)
pl. (qu.)(No.24)
do
do
American Telep A Teleg. (quar.)
(extra)
do
do
American Woolen, pf. (quar.) (No. 25)
Associated Merchants, 1st pref. (qu.).
do (extra)
do
do
,

2d pref. (qu.)..
do
do
do (extra)
do
do
Bell Telephone of Phlla (qnar.)
Central & So. Amer. Teleg. (quar.)
----..-..Century Realty
Columbus Gas t A Heating, pret....
Heating
Consolidated Car
(extra)
do
do
pref. (qu.)
Du Pont Internat. Powder,
Klec. Storage Battery, com. A pf. (qu.)
(quar,
Great Lakes Towing, pret.

_ (qa»r.) (No. 22)
Hall .Signal, com
Intt^rnat~Smoke.P.'AOhem.,com.(qu )
KnUkerboiker loeot Chic, pf. (No.l4)
Mexican Telegraph (quar.)
Gas Light
N Y MutualBte.-l
A Ooal, pref. (qu )..
Nova Scotia
Steamship (No. 6lt)
Dominion
Old
Pittsburgh Plate Glass, com. (quar.)..
Procter* Gamble, pref. (quar.)
Standard Coupler, com
pref
do
do
Stetson,

John

B.,

Co

Wells Fargo
do (extra)
do
Westlnch. Eleo A Mtu. all stocks
*

Transfer books not dosed.

(qu.)

to
to
to
to
to
to
Holders ot reo.

1

J'ne
J'ne
J'ne
J'ne
J'ne
J'ne
J'ne
J'ne
J'ne

31
J

)

30
3

80
3i

3(

11 J'ly
1 .J'ne

Aug
Aug

l"* J'ly
J'ly
i»4 J'ly
1 H* J'ly
37»aO J;iy

m

2»n J'ly
J'ly
6
3 J'ly
J'ly
3
Ik. J'ly
2 J'ly
J'ne
1

S

1

2
3

8
2

m

J'ly
J'ly

J'ne 30
J'ne SO
J'ne 30
J'ne 30
1

J'ly

J'ne 20
J'ne 30
J'ne 30
J'ne 30
J'ne 30
J'ne 30
J'ly 2
J'ly 1
J'ly
J'ly

1

J'ly

2

a

J'ne 30
J'ne SO
J'ne 30
J'ne 30
J'ne 30
J'ne 20

28
18
24

2
J'ne 30
J'ly 2
J'ly 2
J'ne 30
J'ne 30
J'ne 30
J'ne 80
J'ne 30
J'ly

J'ly

9

J'ne 30
J'ly 1

J'ly 21
J'ly 30
J'ly 20
J'ly 20
1
J'ly
J'ly 2
J'ne 25
J'ly 16
8
J'ly
J'ly 16
J'ly 6
J'ly 4
J'ne 25
J'ly 14
to
1
J'ly
J'ly 14
to
J'ly
J'ly 18
to
J'ly
J'ly 16
to
J'ly
J'ly 18
to
J'ly
J'ly 16
to
J'ly
J'ly 16
to
J'ly
Holders ot reo. J'ly 6
J'ly 7
to
J'ly
1
to
J'ne 27
J'U 2
Holders ot leo J'ne SO

to
to
to
to
to
to
to
to

Holders ot rec. J'ne 20
Holders of reo. J'ne 28
Holders ot reo. J'ne 16
i
J'ly 4
to
J'ne 27
Holders ol reo. J'ne 20
J'ly 4
to
3 J'ne 23
J'ly 14
to
1
14 J'ly
to
J'ly 10
10 J'ne 27
1
]

)

1

If J'ly
]

1

J'ne 21

to
to

1

16 J'ly 9
J J'ne 26

6
J'ne 80
J'ne 20
J'ne 80
J'ly

to
to
to
to

J'ly 2
J'ly 3
J'ly 18
J'ly 18
J'ly 19
Aug 1
Aug 1

to
to
to
to

J'ly 20
J'ly 18
J'ly 16
J'ly 10

1 jay 13
1 J'ly 13
J'ne 30
to
J'ueai
80
J'ne
J'ne 80 Holders ot reo. J'ne 26
J'ne 8t Holders of reo. J'ne 26

Ang
Aug

J'ly
J'ly
J'ly
1
3>» J'ly

8

8

20

2

J'ly

Holders ot reo.
to
If J'ne 21
to
HO J'ne 26
to
J'ne 3(1 J'ne 26
to
9
J'ly
J'ly 15

4
1

26
8
8
24
24
26
27
33

9
J'ly
J'ne 27
J'ne 27

m

l»s

to
to
to
to
to
to
to
to
to
to
to
to

31

J'ne 26

J'ly
J'ly
l\ J'ly
1»4 J'ly
»4 J'ly
1»4 J'ly
l*. J'ly
1^4 J'ly
IVl J'ly
»4 J'ly
1^4 J'ly
l-. J'ly
J'ly
J'ly
J'ly
l>-j J'ly
1 \ J'ly
4 J'ly
J'ly
3
1

2
J'ne 30
J'ne 30
J'ne 30
J'ne 30
J'ne 30
J'ne 80
J'ly

Holders ot reo, J'ne
1
J'ly
to
1
If J'ly
3( Holders of reo. J'ne

1

10

com

.i

3

4

pret
do
do
;— •Tefft Weller. pref. (qnar.)
Tennessee Cual, I. A BB., com. (qu.)..
pret. (qu.)..
do
do
Texas A Pacific Coal (quar )
united States Mtge. A Trust
(extra)...
do
do
do
Vulcan Dettnnlng, pret. (quar.)

A

J'ne
J'ne
J'ne
J'ne
J'ne

6
•--

1

J'ly
J'ly

6
6

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

1

J'ly

2V J'ne
2

(qnar.)

Standard.

J'ne

3

Manhattan
(extra)
do
Mercantile (quar.)
(extra)
do

21

1

3

,

Ft. Wayne (quar.)
Perries, Han Fran, (mthly).
Bochester (N. Y.) By., pref. (qnar.)...
Mt Carmel Elec, pt.
Shamokin ( Pa.)
8yracni.e Rapid Transit, pref. (qnar.).

Mnncie Hartford

reo. J'ne

J'ne 30

1

J'ly
5
2>2 J'ly
J'ly
5
J'ly
3
J'ly
3

...

pret
Cincinnati st Ry. (qnar.)
Cleveland Electric By. (quar.)
Consolidated Trac, Pittsburgh, com...
Detroit United Ry. (quar.)
T ancaoter Co. (Pa ) By. <& Lt., pret
Lincoln (Neb.) Traction, pref
Little Bock By. A Klectrio, pret

Join,
StoeA At 7-11
Bankt Oult Dayi

2H

i-m&iVi

com

pret
do
Vermont Valley
Worcester Nashua & Boohester
Wrlghtavilie & T^nnlUe, com. & pret.
Sn-eet Railways.

Dts'tfli

2H®'-9i 2ii&iH
2M 2^(j»2H

6-16
2J^ 2H®*
2 3-10

Central,

Holders of

1

1

m

Banks.

BUU
4

&

VTashlngton Water Fow.,8pokanetqn

Bate*.

2'udt

pr«l

Boo)U OUuA.
(Dayi Incl%ui9e.}

1 Holders (t reo. J'ne 20
Not closed.
10
16 Holders of rec. J'ljr 1
16 Holders of rec. J'ly 1
to
J'ly 13
14 J'ne 22
16 Holders of rec. J'ne 20
J'ly 30
to
31 J'ly 22
6
1 Holders of reo. J'ne
J'ne 30
to
1 J'ne 18
rec.
J'ly
14
of
Holders
1
Ane
2
Jt Holders of reo. Aug 23
Sep
2
3K J'ly 17 Holders of lec. J'ne 26

Lane...

do

lnt*r$$t mil**'*'
for (l«yo»<t> >t

B*nk BilU.

&

N. Y. Oiitano* Western, com
Northern RR. of N. H. (quar.)
Norwich A Worcester, pret. (qnar.)...
Beading, com
Ist pret
do
Southern Paoiflo, pref. (No. 2)

The rates for money have been as follows:
Ovtn Market

do

do

P-ll.i6d.

189,483,000

J.

Coal.....
Little Schnylklll Nav. BR.
Mine Hill <te Schuylkill Haven

e««

^Sh,'}^
iSo%a.

J'ly
J'ly
J'ly
1\ J'ly
I'l! J'ly
l\ J'ly
J'ly
2
J'ly
2
4 J'ly
J'ly
2
J'ly
6
2>9 J'ly
J'ly
3
J'ly
IH J'ly
2 J'ly

3
4
2

Leh gh Valley, com

S9,312,n0
10,90m291
14.U93.'85
k7 ^H0.6^4
25,784 70
87.311,8.0
5K
8

When
Payable

(quar.)

Granite
Harrlsbnrg Portsm. Mt.

11.

14,9;3,ai»
86,422.185
25,648 175
86,407.836

Per

Oem

Railroads (Steam).
Allegheny & Western, gaar
Bait. & Annapol.s Short Line
Belt Ry. of Chicago (quar.)
BnfT <fe SnBqaehanna,com.(qn.)(No.26)
Chicago <b Western Indiana (qnar )...
Cleve. Cln. Ohio & St. Louis, pt. (qu )

s

408^0,44S

{.014

ihi

22a,581.ono

Cleartne-Honse returns

June

10.

£8,634,660
7,3^6.458

28,331,875
7,58*,V82
3», 178,735
1P,68?,S0«
24 371,720
2»,600 11-9
33,284,07*

?l'|?EoJ8
l?'5iniil

Prop, reserve to liabilities, p. o.
-per cent.
rate
Consols. 8H per cent

June
i

8.

ifoMM 0f CM*i>«ny.

ifoa.

1908.

1904.

June

Other secnritlei..........
S5'o5?'?S?
EeserTeof notes and coin...... a'-327.i34
Coin & bullion, both departm'ti 38.273,614

May

)

30 J'ly

8

16 J'ly 1
16 J'ly 1
10 J'ne 37

..

.
.

June

THE CHRONICLE.

24, 1905.]

NeiT York City Clearing Uoase Banks.—Statement of
condition for the week ending June 17, 1905, based on average of daily results.
We omit two dpher* (00) in all cases.

^603

JNew York City, Boston and Philf.delphia Banks.—Below
a summary of the weekly returns of the Clearing HouM
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
TFg omit two ciphers (00) in all these figures.
__^
IS

}

BANKS.

Capital.

Surplus.

loans.

Specie.

Legale.

f

00a omitted.

Capital it
BAKKS Surplus.

DeposiU Re-

Zoans.

Specie.

Legals.

De.

Circu-

posits.\

lation.

Clearingt,

s've.

N. Y.

$

$

$

Bk. of N. T.
Manhat. Co.

2,000,0
2,604,3 18.345,0
2,847.0 1,674,0
2,050,0
2,559,8 26,493,0
4.258,0 2,328,0
Mercliants'
2,000,0
1,435.5 13,945,0
2,903,0 1,635.0
Mechanics'.
3,000,0
3,468,4 21,486,0
2,856,0 2.685.0
America
1,500,0
3,847,5 22,435,9
3,448.4 2,203,4
Plienix
1,000,0
218,8
5.375.0
1,136.0
207.0
City
25,000,0 17.480,7 188,529,7 43,625.5 9,568,8
Chemical ..
7,6.-<8,7
300,0
24.654.0
4,249.7 1.787.9
Merch. Ex .
600,0
365,8
6,025,8
84 6,8
642.1
Gallatin
1,000,0
2,234,4
8,612.9
1,060.2
600.7
But.&Drov
300,0
119,9
2,079,9
637.2
74.5
Mech.&Tra.
700,0
372,9
5,163,0
917.0
595.0
Greenwich
500,0
554,8
4,402,4
626.6
350.0
Amer.Exch
5,000,0
4,260,9 27,658,8
2,724,0 1,935.1
Commerce.. 25,000,0 12,113,0 160,134,0 23,414,3 13.655,2
Mercantile
4,371.9 21.809,2
3,000,0
3,348.1 1,406,6
Pacltic
630,4
3.467,0
422,7
288,3
441,6
Chatham ...
450,0
1,045,5
6.233,0
593.7 1,012,11
People's ... .
200,0
429,7
2.204.0
185,5
639,0
N. America
2,021,8 14.522.4
2,000,0
1,450,6 2,036,7
Hanover ...
3,000,0
6,961,5 47,956,0
9,191,6 4,906,3
Irving
1,000,0
1,088,5
7,133,0
1,354,8
435,7
Citizens' ..
2,550,0
634,4 14,795,6
3,278,3 1,628,9
Nassau
315,2
3,277,3
500,0
401.7
435,2
Mar.<fe Fult.
1,385,8
6,730,6
1,000,0
1,437,5
638,4
429,1
Shoe&Lthr.
7,468,5
1,000,0
2.323.4
457,6
Corn Exch .
3,301,6 30.474.0
2,000,0
6,579,0 3.866,0
Oriental ...
1.114,7
8.520.0
750,0
2,325,7
453,6
Imp. <fc Trad
1,500,0
6,718.9 23,262,0
3.559.0 1,463,0
7,324.7 74,945,0 15,406.0 6,919,0
Park
3,000,0
109,0
1,241,6
East River
250,0
207.0
211,2
Fourth ..
3,015,9 21,027,9
3,000,0
4,106.5 2,248,4
Second ..
1,519,4
9,713,0
300,0
618.0 2,036,0
First ....
10,000,0 15,914.3 100.473,9 21.151.9 2,438,5
883,1
8,982,1
N.Y.Nt.Ex;
1,000,0
1,762,2
609,2
771,0
3,362,0
Bowery
250,0
603,0
382,0
7'..9,5
4,784,8
N. Y. Co
200,0
951.1
476,0
546,4
3,875,4
German Am
718.4
750,0
196,5
4,399,5 43,373,2 11,144,0 1,855,7
Chase
1,000,0
9,677,1
Fifth Ave ..
1,769,5
100,0
2.408.4
394,8
728,5
2,875,8
German Ex.
200,0
215.0
700,0
876,8
2,701,6
Germania ..
200,0
462.9
823,0
l,42s,6 14,251,3
Lincoln
300,0
1,242.4 2,443.1
7.646,3
1,287,7
Gariield
1,000,0
1,636,5
270.1
418,6
2,735.1
Fifth
250,0
553.0
136.0
9,596.5
Bk. ofMet..
1,481,1
1,000,0
1,854.3
785.2
659,6
4,102,0
West Side..
200,0
841,0
357,0
1,471,9 14,078,0
Seaboard ..
500,0
3,323,0 1.646.0
4,514,0
IstN.Bklyu
625,3
300,0
659,0 1,22«,0
Liberty
2,038,0 11,621,8
2,354,4
1,000,0
250,0
484,6
6.428,6
N.Y.Pr.Ex
1,106,5
1,000,0
453,0
580,9
6,134,9
New Amst.
500,0
946,0
624.5
694.6
4.526,0
Astor
350,0
821,0
217.0
.

P.C.
26-0
22-3
25-8
25-2
23-9
26-4
27-8

17,362,0
29.521.0
17.529.0
21.927.0
23.647.2
5.314,0
191.297.8
23.211.1 26
6.446.6 23
6.632.1
2.891,4
5.930.0
4.553.0
20.202.2
147.530,9
J8.491.1
4.019.2
6,304.8
2,831,6
13,146.4
56,077.0
6.833,0
18,527,6
3,917,1
7.065,3
10.350,2

5-4

24-6
25-4
21-4

230
251
25-7
18-1
25-4
29-1
20-5
25-1
26-1

t

t

Total United States deposits included, $12,598,400.

Reports of Non-Member Banks.

—^The

following

is

the

statement of condition of the non-member banks for the
week ending June 17, 1905, based on average of daily results.
We

otnit

Bos.
J'ne 3
J'nelO
J'nel7

42,139,5 191,115.0
42,139,5 192,153,0
42,139,5 192,425,0

18.100,0
17.284,0
17,567.0

85,625,3
86,623,2
85,293,0
86,423,3

11551292 45,835,7 1,821,694,8
11364777 46,273,0 1,553.392,9
112.S8328 46,575,1 1,472.648,6

11402848 47,359,0 1,444.441,1

6.012.0 223,878,0
6.389.0 221,837,0
6,212,0 226,244,0

I'hila.

J'ne 3
J'nelO
J'nel7

47.960,0 220,879.0
47.960,0 221,403,0
47,960,0 221.645.0

67,295.0
66.049.0
65.340.0

Imports and Exports for the Week.—The foUowing are
New York for the week ending for dry goods
June 15 and for the week ending for general merchandise
June 16 also totals since beginning first week January.
;

FOREIGN IMPORTS.
Ji'or

week.

1905.

Utj Goods
General Merchandise

Total
Since Jan.

1904.

1903.

BANKS.

Capi-

Sur-

Invest-

OOs omitted.

tal.

plus.

ments.

Specie.

$1,795,494
9,436,212

$1,845,893
7,805,919

$1,942,236
8,340,550

$10,058,999

$11,231,706

$9,651,812

$10,282,786

$66,776,373
270,368,002

$57,058,917

$64,897,562
218.864.149

$58,126,332
199,209,730

1.

Dry Goods
General Merchandise
Total 24 weeks

224.774,781;

$337,144,375 •$281,833,703 $283,762,011 $257,386,063

The imports

of dry goods for one week later will be found
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 Jime 19, and from January 1 to date.

m our report of

EXPORTS FROM

NEW YORK FOR THE WEEK.

1905.

For the week
Previously reported..

.$8,429.19,^)

237.625.67H

1904.

1903.

1902.

$7,890,925
217.520,499

$10,405,678

$9,410,937
220,727.035

2;-i0,73ii.646

Total 24 weeks

$246,054,871 $225.411,424 $241,142,324 $230,137,972
the hgures 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 addmg to or deducting from the amount "previously
reported.'*

NOTE.-AS

The following table shows the exports and imports of
specie at the port of New York for the week ending June 17
and since Jan. 1, 1905, and for the corresponding periods in

EXPORTS AND IMPORTS OF SPECIE AT

Deposit with

Notes.

Gold.

Net

(iBank
Clear'g

Other

Deposits

Agent. Bks.iScc

NEW YORK

i'rance

Mexico
South America

Colonial

.

Columbia

100,0
100,0
100,0
100,0
300,0

Consol. Nat. 1,000,0
Fidelity ....
200,0
14th Street.
500,0
Hamilton .. 200,0
JeHerson .. 400,0
Mt. Morris
250,0
Mutual
200,0
19th Ward . 200,0
Plaza
100,0
Riverside ..
100,0
State
100,0
12th Ward .
200,0
23d Ward ..
100,0
Union Excli 750,0
United Nat. 1,000.0
YorkvlUe .. 100,0
Coal & I.Nat
300,0
Metrop'lit'n 1,000,0
34th Street.
200,0

796,3
146,5
786,2
68.6
650,6
67.6
291.9 3,521,4
367.4 6,018,0
1,055.1 3,768,0
869,2
126,0
60,8 3,451,9
139,7 4,394,7
366,K 2,979,9"
125,7 2,693
244,1 3,432,0
203,8 2,315,0
265,5 3,579,0
107,2 1,615,2
880,9 8,691,0
133,6 2.093,0
116,8 1.731.1
577,1 5.904,8
163,0 2,223.0
302,3 2,943,0
212,7 2,701,s
266,0 2,168,3
206,0 1,161,4

16,6
29,3
23,2
78,8

340,0
271.0
22.2
109,4
194.5
8,5

155,6
18,4
28,8

205,0
12,4

569,0
32,0
64.2
114,0
247.3
49,5
515.8
117,6
301,4

30,9
31,9
34,6
264,8
228,0
52,9
48,8
187,7
144,8
123,4
78,9
263,5
211,3
191,0
115,4
278,0
191,0
143,7
415,8
64,0
272,6
121,9
39,2
1,9

"79,0

63,9
53,9

357,4
407,0
431,0
61,8
217,9
162,8
261,9
384,4
186,2
442,2
182,0
95,7
127,0
246,0
125,3
783,7
71,9
219,0
7b9,2
240,9
139,1

64.5,8

97,3
44,0
216,3
3,6

175,0

200,0
310,0
163,5
50,2
66,5

170.2

212,8
,539,0
75,0
122,4

566,6
i38,"i

84,5
849,1
11,7

954.1
707,1
3,883,6
6,411,0
2,312,0
854,0
4,061,0
4,896,5
2,998,2
3,479,1
3.528,2
2,857,8
3,760,0
1,789,2
10,508,0
2,044,0
2,101,8
7,054,3
1,289,2
3,348,8
3,081,2
2.185,4
1,231,0

Borough of
.

Brooklyn

..

Mfrs.'Nat..
Mechanics'
Merchants'.

Nassau Nat
Nat. City

North Side.
Peoples
17th Ward

Union

WaUabout

31.5
13,6
104.3

137,0
220,7

428.7
323.5

60,3
12,0
102,9
67,0

124,2
558,9
119,7
459,0
357,0
87,9
180,3
53,7
205,0
39,0

32,8
84,9
177,7
43,0

978.6
108,2

4,534,2

173,0

322,3 3,654,3

733,0

7,767,9

2,484.7

903,3
1,583,4

77.9
56,9
42,7

69,6
15,7
73,0

224,6
202,9
452,2

168,1
26,3
16,0

2,258,7
931,3
1.914,4

2,603.4
1.367.6

146,3
43,9

28,9
69,6

194,6
458,4

473.1
665,6

2,823.7
1,307.8

106.2 2.008,8
362,2 2.631.8
169,5 1,819.0
607,8 3,598.5
536,9 10,139,2
77,5 1,637,0
806,2 5.290.0
598,4 3.534,0
183,8 1,433,8
199,8 1.909.8
741.2
98,4
184,2 2,992,3
944,4
102,6

400,0 1,118,7
250,0
250,0
200,0

663,4
122,4
301,4

110,0
126.0

546,3
169,2

200,0
150,0
300.0
252,0
500.0
100.0
300.0
300,0
100,0
100.0
100,0
200,0
100,0

13.7

256.0
143,0
21,6

69,1

181,5
352,7
235,5
697,4
l,246,s
369,9
847,0
640,0
4 2,8

66,5

"48^9
432,0
196,2
143,1

233,0
192,9
106,6
134,1

2,213,8
2,783,3
1,992,3
4,790,4
12,579,7
2,169,6
5,687.0
4,325,0
1,670,9
2,074,4
859.2
4,240,9
1,018,5

jEHSKyClTY
First Nat...

Hudson

Co.

National
Second Nat.
Third Nat..
.

2,797

Since Jan.

Tot.J'nel7 116370 134490 1224178 5,632,0 6.697,4 161482 9.773,0 1403901
Tot. J'nelO 114370 130349 1230734 5,737,7 7.079,1 140232 9,361.8 1395015
Tot. J'ne 3 114370 128954 12'<i260b 5,795,0 6.481,7 139725 8,917.8 1376853

1.

.'K1.600

$330,922

20,899,553

3,880,093

4,6'7i'793

$63;568

63,300
7,250.000
3.000

5,884
2.627
4,052

363,510
84,659
715,334
65,066

889,146
64,304,019
21,066,804

$76,131
267.275
17,476

$6,429,584
6,122,086
3,036,560

32,892
90,542

"$900

6"79l9P9

80,126
1,824
70

46.404
517,892
1.055,975
8,978

32.920
18,161
45.327

$1,629,269
444.938
812.478

.1;32,

$'ii",506

Week.

SUver.
Great Britain
France

$606,116 $13,644,126
475.33.i

Germany
West Indies

""960

Mexico
South America
All other countries

Total 1905
Total 1904
Total 1903

6.907

$607,076 $14,909,801
630,833
20.230.092
379.171
16,011.342

1}

$20

Of the above imports for the week in 1905, $50,3-48 were
American gold coin and $970 American silver coin. Of the
exports during the same time, S
were American
gold com and $
were American silver coin.

Spencer Trask

&

Co.

Monthly Descriptive List of HIgh-Grade

INVESTMENT BONDS.
Transact a general bankinc business and execute
stock and bond orders upon the
New York Stock Exchantye.
Branch Office, Albany, y.Y.
Wi lliam and Pine Sts., New York

Moffat

HOBOKKN.
FlrstNat...

Second Nat.

1.

Auction Sales.— See page preceding.

Brooklyn.

Borough ...
Broadway

All other countries

Total 1906
Total 1904
Total 1903

Imports.

HlnceJan.

Germany
West Indies

Man&Br'nx
Chelsea Ex.

Week.

Great Britain

N. Y. City.
Boroughs oi

Wash. Hgts
Century

1902.

$2,050,326
8.008,673

Exports.
Leg. T.

126.574,9
140,750,3
120,758,9

the imports at

two ciphers (00) in all cases.

Loans &

7,775,0
7,643,0
7.673,0

263,802,0 12,725,0
131,502,4
262,200,0 12.738.0
136,736,3
261,245,0 12.764,0
130.130.0
t Including for Boston and Philadelphia the item "due
toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on June 17 to $1,725.000 ; on June 10 to $1,747,000.

264

21-3
29-3
26-8
37.43-.i.0 25-2
9.610,0 28-9
20,160,0 24-9
85,644,0 24-9
1,532,4 27-2
24,275,2 26-1
10,368,0 25-6
93,479,0 6-2
8,792.0 25-8
3,901.0 22-6
5.802.3 24-5
3.772.7 24-2
50,843,0 25-6
10,706,9 26-1
3,935,6 23-2
5,639,6 22-8
15,602,6 23-6
7,738,3 24-6
2,814,7 24-4
11,315,1 23-3
4,707,0 25 3
17,299,0 28-7
5,381,0 350
10,185,0 25-5
6,212,4 25-1
7,300,2 21-4
4,381,0 23 6

115,972,7 139,492,8 11048609 205.857,4 83,423,3 11402848 25-6

Total

May27 263,629,2 11110034 214.622.8
J'ne 3 263,629,2 110128:-tl 204.546.5
J'nelO 254,926,3 10895209 205.492.7
J'nel7 266,465,5 11048609 205,857,4

6

& White.,

Members New York Stock ExchanKe,
NASSAU STREET.
- HANOVER BANK BDILDINO.
JDealcrs In Investment Securities.

COMMISSION ORDERS EXECUTED FOR CASH ONLY.

I

—

THE CHRONICLE.

2604

[YOL. LXXXT

is now made with an unuaually dull period ant,
I
room for further improvement in the same direc-]
tion.
Union Pacific convertible 4s have advanced nearly,
O^ For Dividends tee page sdoi.
4 points on limited transactions, and United States Steel 58.1
WAIiL STREET, FRIDAY, JUNE »3, 1905.-5 P. M.
Pennsylvania convertible 3^s, Rock Island RR. 48, Centralj
The Money Market and Financial Situation.—The week of Georgia 3d incomes, etc., are from 1 to Iji points higher!
opened with a more cheerful feeling in Stoclc Exchange cir than last week. Many other issues are fractionally higher.
cles and this feeling has increased as the week advanced.
United States Bonds.— Sales of Government Bonds at th^
The result has been a larger volume of business than for Board are limited to $10,000 33, coup., 1908-18, at 104>|', and
several weeks past and a substantial advance in prices. $7,000 3s, reg,, 1908-18, at 104. The following are the dailyj
This feeling has been stimulated somewhat by the further closing quotations; for yearly range see third page folloiti). gi
light shed upon Equitable affairs in Superintendent HenInterest June
June June June Junt Junt
dricks's report, but more perhaps by the announcement of
I'eriods
17
19
21
S2
23
an increase in Reading's dividend rate and the prospect of a

comparison

%mxUzxs^ ^it^ttU.

f

j

;

there

similar increase in other cases.
Reading shares advanced sharply to-day, although it was
supposed that the dividend matter had been discounted
see our issue of June 3d— while Pennsylvania and some of
its allied issues have been notably strong on the prospects
referred to.
Another feature worthy of note is a stronger and more
active bond market. The list of railway and industrial
bonds traded in this week is longer than for some time past,
and the market shows a decidedly broadening tendency.
Crop news has been more or less conflicting, and as a
consequence the cotton and grain markets, especially the
former, have been subject to wide fluctuations.
As the crop situation is so important a factor in almost all
departments of activity, information relative thereto is
eagerly sought and exerts a wide influence.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 23^ p. 0. To-day's rates on call were 2(g2}4 p. c.
Prime commercial paper quoted at 3>^@4 p. 0. for endorsements and ^%@i}£ for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £743,255 and the percentage of reserve to liabilities was 51*06, against 50*91 last week,
the discount rate remaining unchanged at 2% per cent. The
Bank of France shows a decrease of 18,625,000 francs in
gold and an increase of 4,500,000 francs in silver.
NEW YORK CITY CLEARING-HOC8E BANKS.
Differences

19U5

Capital

previous week.

115,972.700
139,492,800

Sorplos

Loans & discounts 1.1(14,860,900 Inc 15,340,000
Circulation
78:-(,900
47,359,001) luo
Net deposits .... •l,14O,284,S0U Inc 16,452,000
Specie
iO5,857,40U Ino
364,700
Legal teudera...
86.423,300 Ino 1,130,300
Eeserveheld
26

deposits

p. c. ot

1904
June 18

Jrom

June 17

292,280,700 Ino
285,071,200 Ino

lOO.'l

June 20

115,972,700
134,323,400
1.049,689,800
38,762,800
1,122,012,500
236,366,300
83,006,700

1,495,000
4,113,000

819,373,000
280,603,125

109,822,700
129,059,300
904,821,100
44,008,800
889,779,300
158,459,700
74,084,700
232,544,400
222,444,825

7,209,500 Deo 2,618,000
38,869,875
10,099,575
Surplus reserve
«12,598,400 United States deposits included, against $12,731,700 last
week and $23,420,700 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $10,359,100 on
June 17 and $13,010,425 on June 10.
NOTE.— Beturns o£ separate banks appear on the preceding page.
•

28,

is

1930

registered

coupon
28, 1930
2s, 1930, small. registered
2s, 1930, small
coupon

Q—Feb
Q— Feb
3s, 1818, smalLregistered Q —Feb
3s, 1918, small
coupon Q— Feb
registered Q —Jan
48, 1907
coupon Q — Jan
48, 1907
registered Q— Feb
48, 1925
48. 1925
coupon Q— Feb
3s,
38,

1918
1918

registered

coupon

'104

a04>a
104
*104

'104
•104
'104>2 104 4

104

•104

104 •104 104 I
104 12 104 ^a *104'«i
•104

10414

104

*i03>i ios""-! i'os'ii
•104
*104
•104
no5 *105 •106
*132
132 •132
* 13212 1321a 132 Wj

104
105
132

•104

104

104

•104

•104

*i
'^

•ibsia ib'siii)
•104
*104 '*

105

•103

13-3

*i:;2

.

^

132iu 133>9 «i32y
* This is the price bid at the morning board no sale was made,
^
Railroad and Jniscellaneous Stocks —Largely increased!
activity has developed in the stock market, the transactions]
on Wednesday aggregating over 900,000 shs res. The tend-;
ency of prices has been towards a higher level, several proai-j
inent issues having advanced from 4 to 5 points witliin thaj
week. This revival of interest in the market, which at its
inception seemed to be a natural reaction from the previ-j
ous depression, was stimulated in part by increasing dividends, as noted above,
Illinois Central was leader of the upward movement, re-;;
cording an advance of 6 points,
Delaware
Hudson
advanced over 5 points and Pennsylvania, Central of NeWj
Jersey, Atlantic Coast Line and Metropolitan Street Railway
have been quoted 4>^ to 5 points higher. The advance,]
although less conspicuous in other cases, Included practi*]
cally the entire active list.
Industrial and miscellaneous stocks have received a larger
share of attention than of late. The United States Steel
issues and other iron and steel stocks have kept pace withj
the railway list. Anaconda Mining advanced over 5 points,
and New York Air Brake covered a range of 6 points, closing:
near the highest. Western Union was more active tbian!
usual and fully recovered the dividend which came off early'
in the week.
^:,..
For datly volume of business see page S6I4.
The following sales have occurred this week of shares not;
represented in our detailed list on the pages which follow. 'V^
;

j

.j;

&

..

.'^'"'''Sf:...

!

STOCKS
Week Ending June 23
Ajner Beet Sacar pret..

Amer District Teleg
Amer Ice Securities
Ann Arbor

Sales
for

Preferred

Mange for week

Range

sinct Jem. 2.i

Week
luo
106

200
110
100
335

J'ne21
J'ne21
26S4J'nelH
84 J'ue20
77iaJ'ne20

83
2S

83 J'ne21
29 J'ne2
26\J'ne20
34

J'neio

77Wne20

77
29
26
34
66
96

Jan

Ma;

8S Mar
88 Jan

J'ne
J'ne

27»4J'ne

Feb

77>«J'ue

Jao e9Vno
9»SJ'ne23 99TgJ'ne'J8
Assoc Merchants ist prf
1314 J'ne
Chic <fr No West rights.. 5,772 13i-^J'nel9 14'uJ'ne2S
100 164 J'ne22 164 J'ne22 164 J'ne 171 Feb
Chic B I <fe Pacific
iflj'ne
HiJ'ne3rf
'sJ'ne
38J'ne22
4,040
Del & Hudson rights
BijJ'ne
8 J'ne
300
« J'ne20
9Wiie23
Det Sou tr reote
10
24
J'no
19v»J'uel»
J'ne^J
Jan
5,790
24
Kniok loe (Chicago)
619 24 J'nelS 26 J'nel9 21HiM«j 27 Feb
N Y Dock Co
800 66 J'nel9 66>aJ'ne>i2 69 Jan ee>sJ'u0
Preferred
J'nel9 167 Jan 174 Map
N ^ <& N J Telephone... 12 167 J'nel» 167
11 18i»4J'nei0 l82»4J'nei0 182 la J'ne 186 Jaui
t Ittsb Ft Wayne & Chic
J'ne22
1 Mar
l^FeD
1
100
1
S'nori
Mining
QaloksUver

Foreign Exchange.— The market was easier this week,
ced chiefly by liberal offerings of finance bills.
To-uay's (Friday's) nominal rates for sterling exchange
were 4 86 for sixty day and 4 88 for sight. To-iay's
(Friday's) actual rates for sterling exchange were 4 8525
4 8535 for long, 4 8705@4 8710 for short and 4 8735@
4 8745 for cables. Commercial on banks, 4 85@4 8505, and St L A San Fran stock ti
ctf*torC<& Kill pref..
documents for payment, 4 84)-^@4 85%. Cotton for payment, Twin
City B T rights....
84i^@4
4
cotton for acceptance, 4 85@4 8505, and D 8 Leather
84%
Preferred
grain for payment, 4 85i^@4 85%.
Vulcan Detmning
Influe'

Q— Jan
Q —Jan

;

100 133>'.J'nea2 133iaJ'ne22 132

>sJ'nel7
Vne23
12»4J'nel7 13 J'ne20
100 107'sJ'ne23 107iiiJ'ne23
200 12 J'ue20 12^J'ne20

6,720
81(J

May ISi^Feb'
SgJ'ne

11 Apr 14<SJani
lOOTsJan loeisMar
8 Apr U>aApr;

To-day's (Friday's) actual rates for Paris bankers' francs

were 5 173^t@5 173^* for long and 5 16'^t@5 16J^ for short.
Oatside Market.- The market for unlisted securities has
(Germany bankers' marks were 94 13 16(394^ for long and
been devoid of interesting developments this week. Trading
95 3-16t@95 3-16 for short. Amsterdam bankers' guilders were
has been on a limited scale, and outside of a few prominent
40^1f(a40)^§ for short.
price changes have been narrow and unimportant.
Exchange at Paris on London to-day, 25 f. 153^c.; week's issues
Considerable attention was given to the Central Leather isrange, 25 f 17c. high and 25 f 15i^c. low.
sues; the common (when issued) advanced from 45 to 46^,'
The week's ranse for exchange rates follows:
then reacted again to 45 and closes to-day at 45^; the
Long.
.-Cables.-Short.up 4 points to 105,
Sterling Actuat—
preferred (when issued) ran
High....! 4 8530
8)4 8540
4 8720
4 8750
4 8725
4 8760
but subsequently fell back to 103i^; the final iale to-9 4 8710
Low
4 8520
© 4 8630
4 87
4 8736
4 8740
day was at 103%; the 6 per cent bonds ranged between 98^
i'aris Banker!^ Francs—
and 99}^ and ended the week at 99. Northern Securities has
High....! 5 17'2t
6
5 16>4t
5 I6I4
very quiet, only about 2,850 shares changing hands
been
Low
6 18»s*
®5 171a*
18>«
5 16
6 lO'a
the price fluctuated between 165^ and
the week
during
Oermany Hankers" Marks—
Northern "Stubs" adat lU}^.
closed
to-day
and
High.,..!
164,
94-'»
@
94"ia
953„t
95«ia
Low
U4iaj8
\)i\
96 '4
9538
vanced from 225 to 837>^, but later fell back to 800.
Amsterdam Bankers' Uuilders—
Standard Oil gained 5 points, to 620J^, and ends the week
High....)
@
40 »4
408,,
at 630. After a decline from 202)^ to 3011.^, Interborough
Low
®
40 '4?
40 "411
Rapid Transit moved up to 203. Seaboard new first preLess: *ii,ofl%.
- of l'^. * »aa Of 1%. Plus 118 of lo/o. * * igj of lo/o,
, ., t 'aa
,..
ferred (when issued) has been strong; the price advanced 3J^
'32 of, 1%.
i Kz
The following were the rates for domestic exchange on points to 86, and closes to-day at 85^. Greene Consolidated
sale
New York at the under-mentioned cities to-day Savannah, Copper fluctuated between 21% and 23)^, and the final
irreguGold
moved
Consolidated
22»/.
Greene
was
at
today
buying 50c. per $1,000 discount; selling 75o. per $1,000 premium; Charleston, 12i^c. per $1,000 premium; New Orleans, larly between 3^ and i}>^, and ends the week at the higher
bank, 35c. per $1,000 discount; commercial, 60c. per $1,000 figure. United Copper advanced from 25J^ to 25W, but
and
discount; Chicago, 25c. per $1,000 premium; St. Louis, 40o. later fell back to 23; the preferred sank from 703^ to 67
White
of
to
gain
After
a
then
recovered
to
69^.
%
1^,
per $1,000 premium; San Francisco, 70o. per $1,000 premium.
Knob Copper common dropped to %; the preferred lost 1^
State and Bailroad Bonds.— No sales of domestic State points to 2; reports that the comnany's mines at Mackay,
»>oxid8 have been reported at the board this
week.
Idaho, had been practically closed down were responsible
The railway bond market, aa noted above, is Htronger,broader for the weakness in these shares.
and more active. It should be borne in mind, however, that
Outside quotations will be fouud on page 2614.
.

,

.

|
|

I

'3)

V

I

I

I

;

|

'CD

I

I

I
I

I

1
I

\

m

.

I

11

:

H

Few lork

Stock

2

...

.

Exchange— Stock Kecord,

Daily,

.

''

Weekly and Yearly

OCCUPYING TWO PAGES
-»—
STOCKS—HJSnJSST AND LOWEST SAL£ PBJCSB
Saturday
June 17

Monday
June 19

Tuesday
June 20

Wednesday
June 21

Thursday
June 22

Friday
June 23

STOCKS
NEW YORK STOCK
EXCHANGE

Sales

01

the

Hange
On basis

i

/or Year 1905

Range tor J^evi«v$

100-share

Year (1904)

0/

lots

A

Week
Shares

Highest

Lowest

Lowest

Higheatl

Railroads.

52.670 77'8May22 9339 Mar 9 64 Feb 894 >roT
2,000 99 Jan 25 IO414 Mar 9 8759 Jan 1044 Nor;
8,800 120 Jan 25 170 Apr 24 104 4 Feb LoOiaNov'
159 159
1d3 I6334 2:160
110'4 111»8 nooallUa Baltimore «6i Oliio
82,600 i00i2Jan25 11158J'ue22 7278 Mar 105 14 Deo!
lOSSg iosi% 109 I0914
50 91 Mar 9 98 Feb 8 87'>gFeb 96 4 Oct]
»97iu ay's •9614 9714
Do pref
961a 971a *96ia 9712 931a 971a
66I4 6718
657,
6638 67 14
64
6678 68
Brooklyn Rapid Transit.. 108,326 5678May23 7138 Apr 14 38 Feb 70 4 Nov
8334 64
88
250
•88
91
874 Jan 4 9138Mayl3 83 Nov 89 Aug
90
90
•881a 901a
901a Buffalo & Snsqne, pref
50,500 130^4 Jan 25 15534 Apr 7 109 4 Mar 13534 Oct
151 15134 15078 16238 151 15134 (unadlan Pacific
ISO^ ISO's 150 >4 ISO's 15008151
•68
69 70 09 70 69 70 •69 70
6718 Jan 11 7234 Jan 31
• 69
70
70
64 Apr 72 NoV
>'anada Southern
300 190 May23 205 4 Feb 3 154 4 Feb 19434 Nov]
200 203 Central of New Jersey. .
•198 202 •198 202 •198 201
2001a 201 201 202
5II4 b'ih
51 14 6218 Chesapeake <fe Ohio
49^8 49^8
21,900 45i2Mny22 60 "8 Mar 21 28i4Mar 51 Nov
•49 >4 493,
60
601a 51«8
503b
36I4 33
35 14 35 14 •34
33 37 Chicago & Alton
20U 31 May 2/ 44 'a Maris 33 Jan 474 Not]
36
•33
37
36
36
78 14 7834
7834
1,400 77'aMay2o 8334 Apr 7 76 Jan 854 J9.ni
78
78
78»4 7834
•77
79
Do
pref
781a
781a 1S\
19 -a
19 18 191s
1834 19
19
19
194,
I914 191a ChicaKO tlreat Western.. 21,300 17iaMay22 25 4 Mario 12 78 J'ne 264 Nor
18^8 IS's
•85
•85
400 8334 May2V 88 la Maris 804J'ly 90 Nor
•84
8612
8612 •85
*»4
86>-j
87
87
86
Do 4 p. c. debentures
87
*61ia 64
62 64 *62ia 64 •6234 64
100 60 J'ne 9 704 Apr 17 47 4 J'ne 7434 Nor
•61
64
e5
Do 5 p. c. pref. "A"..
64
31 12
•29
301- *30
3lia
400 29 May2ci 37iaAprl7 20 J'ne 394 Npr
31>2 •29
31
31
•29
Do 4 p. c. pref. "B"..
311a 32%
173<%173a4 173'%174'a 174l4l75^ I75I4I76I4 175'% 17612 17534 177''8 Chicago MU-w. & St. Paul. 49,400 16818 May 4 187 4 Apr 17 137 4 Feb 177»8Deo*
184 187 •184 186
100 1821a Jan llr! 1924Aprl7 173 Mar 18578 Get
•183 186 •183 186 183 186
183 186
Do pref
194'8l96
6,000 (11901^ J'ne y 249 Jan 31 1614Mar 2144 peoi
190>4l90''8 190«8 1921a 193 194
1951a 196 la 196ial98i2 Chicago & North Western
235
260
260
234 Jan 13 265 4 Feb 1 207 Feb 237 Nor'
235
235 260
Do pref
900 150 Jan (1 225 Jan 31 135 Mar 160 Nor
175 176
177 177
180 180 Chic. St P. Minn. & Om.
•172 175 172 175
1771a 180
195 Jan 17 230 Jan 31 §165 Apr 192 Dpo'i
180 200 180 200 *180 200
•180 200 180 200 180 200
Do pref
734 Jan 5 194 Feb 17
5 14 Aug 164 Nor'
*17
17 18 *17 17'a 17 17'a Chicago Term'l Transfer.
18
17
18
•17
18
3012 301a 32
•31
500 17'2Jan 4 36 4 Mar22 114Aug 2734 Nor,
31
31
Do pref
•301a 32'-;
32 "a
30b ^Oh. 301a
•6i8
13
eia
6ia
2,you
6
634
7-4
J'ne
2
Feb
'6
63<
64 7'a
2
4 J'ly 154 ^or
734 Chicago union Traction.
'8
61a
61a
300 34 J'ne23 64 Feb 3 29 May 484 Nor!
36
30
34
363,
Do pref
95
9518 9512
9538 9678
2,300 90 Jan 14 111 Mar21
95
9578 9576
97
634 May 9339 Deo"
973^ Cleve. Cln. Chic. & St. L.
*93'<J 94>2
115 120
118 May 4 12134 Manl 100 Feb 115 Nor
'118 120
115 120
•119 120 119 120 119 120
Do pref
30
27
27
2214
»26ia
2712
27'*
27
2739
277,
1,625
Jau2o
'8 Apr 2<
134J'ne 2438 Nor
14
261a
7^
18 27'a Colorado <fe So., vot. trusi
•26>a 2714
560 62 May 2 3 64 4 Feb 10 48 J'ne 68 Deo
6812
59
59
•67
SB's •57
58
Do Ist pf. vot. tr. cfs.
581a §56-'8 563t
581a 681a
•36
37
3712
37
37ia 37ia
37
Do 2d pf. vot. tr. ctf s. 1,500 32'2May23 39 4 Feb 3 1778J'ne 374 Npr
371a 37 "a
36Vj 361a •33
6,900 178iaMay2'2 19638 Apr 11 149 Mar 1904 Deo
•I8I34I8314 •18134 I8214 183 183 14 I8334 I8412 185 1871, 187 1873, Delaware cfe Hudson
500 335 Jan 2u 100 Marl 4 2504 Feb 35934 Deo
380 381
380 380
370 380
•375 384 *375 385 376 384
elaw. Lack. & West'u.
•27
•28
2834
350 27 14 May 23 364 Marl 4 18 Mar 3578 Nor'
28>2
'iS^
28
2734
29ie
•27>4
"4
29ie Denver <& Rio Grande
"a
271a
281a
•87
83 '4 May ] 91 Mario 644 Feb 89 Deal
8938
•8834
3U0
881^
88
89
8939
88
89
89
Hj
41
Do
pref
881a
•871a
14
17 22
•17
•17
22
22
110 18 May22 28 4Marl7 19 4 Jan 27 D*o
22
•17
22
21
i22
21 Des Moines <fe Ft. Dodge.
94i«
92Sg 92<'8
6,8U0 76 -a Jan 27 95 J'ne22 60 4 J'ne 7934 Deo
9234
93
93 "4
92«6 931*
94
95
9334 94-% Detroit United
I4I4
ISW)
1,100 11^4 May2:i 174 Jan 21
13
13 7g 13 7f,
14
14
13
5 4 J'ne 1479 Npr
13
*12>a 131a
14 Duluth So. Shore <& Atl..
27
2734
3734
28
1.576 21 May 2 2 37 Jan 21
2638
28
28
27
28
914 Aug 284N-OV;
14
Do
pref
27'a
28
26%
»i
41I4 42
4II2
40 1« 40»8
4OI4 4038
40'% 41i«
41
82,785 »7iaMay22 4834 Marl 1 214 May 4158 Nor
41"% 4212 Erie
7934 S0\
79
14,250 7478May22 83 -a Marl 1 55'>8May 77 Deo!
79
79
79 >a 7934
7934 8012
791s
Do Istpref
78»8 78^4
66 14 66^4
66"8 67 14
9,250 55 "a Jan 3 71 4 Mar 3 33 May 584 Deo
66
66^2 6634
67
{66
651a 6534
Do 2d pref
67
62
•62
62
62
70
70
70
65 Apr 7 72 19 Jan 16 64 J'ly 67 Deo:
70
•62
•62
70
70 Evansv. & Terre Haute.
•85
•85
•85
• 85
*85
90 Feb 28 90 Feb 28 72 Feb 83 Nor,
90
90
90
90
95
•85
Do
90
pref
279 281
282 la 283
281 283
2a II4 28112 281 la 282 Great Northern, pref
1,400 236 Jan 4 335 Apr 17 170 Mar 2424 Deo
•276 280
33 Feb 16 90 Jan 13 70 Aug 864 Nov^
Green Bay<fiiW..deb. ctf.A
'
24
2314 2378
2314 2418
24
23
495 17 May22 244J'neiy 11 J'ne 2034 NoV
22=U 24
24'a
2334 2418
Do
deb. ctf. B
•90
"88
•90
94
95
95
•87
94
87
95
91
300
86«8JanlB 99 Marll 60 May 94 Deoi
95
Hocking Valley
93I4 94
95 14 9514 95
•94
95
95
•93>9 94
95
300 90 Jan 18 9379 Mar 13 77 Mar 95 Deo
Do pref
96
1603816034 160>al6134 16114 163 >a 163 I66I4 16514 167
46,349 15234 Jan 25 170 Apr 15 12534 Feb 159 Deo'
I6534 167=8 iUinois Central
2oia 251s •25
26
'25
•25
26
2534 2534 •25
26
200 24 May24 32 Feb 3 14 J'ne 33 Nor;
owa Central
26
*48
•48
•48
50 MaylO 5834 Feb 3 32 Feb 5934 Njpr;
•49
61
51
51
51
51
*48
48
Do pref
50
"350
8212
8l«8
83
8234
81»8
83
8234
81«8J'nel9 84 4 Mario 64 4 J'ne 834 Nor;
•811a
811a
•811a
83'a 831a KC.Ft.S.€feM.,tr. cts. pf(i
24
24
24
2438 2434
•23>4 25
24
24
24
900 22'8May22 34 Feb 14 16 4 Feb 3 178 Nor
25
ansas City So. vot. tr..
2534
64 14 54 la
6434 55
•
5414 54 14
65
54 "a
54
54
Do pief. vot. tr. ctts. 2,000 52 Jan 3 70 Feljl4 31 Feb 5634 NoV:
54
•29
•29
31
30 "a
34
•28
30
30
34
29 34 Lake Erie & Western . .
200 28'4 J'nel6 444Marl4 26 Mar 434 Deo1
30
*86
96
-87
94
94
91 J'nelo 106 Marl 3 85 J'ne 105 Oct'l
•87
96
96
*88
88
*m
Do pref
97
'300 330
*300 330 L. Shore & Mich. South'n
§290 Jan 20 §350 Marl3 §245 Nov §300 D£0
•300 330 300 330
300 330 •300 330
5
50 56 *60 55 50 55
53
54
64
810 50 'a May 22 65 4 Feb 3 46 May ©2 4 Nor
56
55 Long Island
I45I4I46I12 145ial46
14578 14738 14678 148
147 148 14 14712 14778 Louisville <fe Nashville..
24,750 rl34iaJan25 156 '4 Apr 26 101 Feb 14834 DOO:
I64I4I64I4
164i4l64>4
•164 166
•1613, 164»3
16438 165
2,100 161 May 1 175 Feb 9 13934 Mar 1694 Npri
1641a 166 Manhattan Elevated...
80 'e
81 !« 8238
8078 8178
80
8034 813e
80
Jan 9 91 Marl? 7214 Mar 96 4 Aug'
79
81
81-'4
etrop. Secur., sub. rec. 30,400 73
96.050 114 Mayll 127 Jne22 10434 Mar 13038 Oct
1221a 12234 122»8l24i8 124 12638 125 14 12634 12534 127 xl25 12558 Metropolitan Street..
2II4
2II4
20*4 20 'e
•2014 20^6
2078 2118
21
21
7,750 18i4May22 26 Marl3
21
5 Apr 235gNor
2138 Mexican Central
§130 J'nel4 n50 Febl5 §1194 Feb 150 Nor;
•130 146 •130 146 -130 146 •130 146 •130 146 •130 146 Michigan Central
•54
60
54
54
•64
la
60
6434
•54
60
60
60
•54
56 Jan 12
Minneapolis & St. Louis.
Apr 7 40 J'ne 6734 Jan
86 94 85 96 85 95 •87 94 87 60
•86
94
86 Jan 19 91 Feb24 80 J'ly 964 Sep
Do pref
94
117 118 117 II834 II8I4 119'>8 II9I4I2I
•120 121 Minn. S. P. <fc S. 8. Marie,
7,480 89'a Jan 11 122 Mar2y 65 Jan 95 0(jt
1201a 121
15934 15934 16914161
•156 I68I2 158 158
Do pref
1,700 148 Jan 13 169i4Mar29 116 May 150 Oct
1601a 161 •160 161
28I4
28 14 2814
28 14 2812
2734 2734
2734 2734
28
28'%
3.310 24 May22 33 '4 Jan Is 14=% Feb 3638 Nor:
281a Mo. Kansas & Texas
56i4May23 69 Marl 3 32 "4 J'ne 65 4 Deo
62
63
•61
62
63
63
63
63
63
62^4
Do
pref
1,100
631a
63
98^8 99 14
9878 9934
993410018 lOOislOl
98"8 «868
100 10134 Missouri Pacific
22,67o 94'aMay2'. 11078 Marl3 87 Feb 1114 Deo
•144 150 ]44 150 144 150
146 148 Nash. Chatt. & St. Louis
100 137 Jan 12 168 Apr 26 1014Feb i475gDeo;
1471a 147 la •144 150
*34
•34
3419 344 •341a
35
•35
35
600 33i8May 8 45 Jan 10 3434 Feb 454 Nor;
at.of Mex, non-cum.pi
36
1734
•17
•1734
1734
100 1734 J'ne20 244 Jan lu 1578 Feb 25 4 Nor;
ISVt 19
Do 2d pref
•181a 20
•13934 142'.^ 141 14134 142 14215 142 'a 143 •4 14234 145
144 14434 N. Y. Central & Hudson.. 25,725 13634 May22 10734 Marl4 11278 Mar 1454 Deo'
4534 4614 451a 47
2,300 42 Jau'^0 55 '4 Apr 8 25 May 47 Deo
46'a 461a
46'a 4734
47
451a 46 Hi
47'a N. Y. Chic. & St. Louis...
•110 115
•110 115 110 115 110 115 110 115
115 Marl 3 122 "a Jan 30 101 4 May 115 Nor'
•110 115
Do Istpref
79
•78
79 81
•79
82
74 May 4 85 Apr 7 60 J'ne 78 Deo
76
80
81
•78
81
Do 2d pref
82 "a
la9
•196
•197 199 •197 199
199
•190
Y.
N.
Haven
& Hartt.
n94 May22 2104 Feb 4 §18514 May 199 Oct
1961a
197 "a N.
60 14 51
•51
51
61 la 5234
53
5138 52
N. Y. Ontario & Western. 42,150 4038 Jau 6 64 Mar3o 1938Mar 477t,0<jt
511a
501a 51
8212
7913 80
31
27,200 76 MaylO 88 4 Marll 534 Mar 80 4 Deo
791a 80
70^4 80
801a 81'%
823b 83 Norfolk <6 Western
•92
•92
•92
94
94
94
92
92
94
•92
914 Feb 24 94 4 Feb 3 88 May 95 Deo
94
Do adjustment pref.
94
2",650 165
18634
185
183
186
Apr 24 196 Mayl5
186
»186 186
1851a 1861a 186
187 1871a Northern Pacific
•85
"85
95
96
84 88 Pacific Coast Co
90
85
1,300 78I4 Janl7 98 4 Feb 7 51 Feb 82 4 Deo
871a 89'a
861a 88
•100 105 100 105 •100 105 100 105
100 102 100 105
100 Jan 3 108 Feb 6 95 J'ly 101 Sep
Do Istpref
'85
85 93 •87 93
98 Feb 7 614 Jan 86 4 Deo
•85
94
•86
92
85 Jan 1
92
Do 2d pref
84
88
136i«136S6
139i«140
139''8
136»8l37'% 13788
Pennsylvania
13434 135''e 135 13314
274,969 131'aMay22 14734 Marl3 lll4Mar 140 Deo
33 37 -33 37 35 40 Peoria €& Eastern
•33
•33
•33
37
37
27 Jan 26 4834 Apr 3 17 Mar 32 4 Deo
33
77 JauD 6 103 Febl4 744 J'ne 8138 Jan
Pore Marquette
80 Jan 11 87 4 Feb 6 §68 May 794Nor
Do pref
•110 114
130 >4 110 116
115 115'a 113 115 Philadel. Rapid Transit..
800 112iaJ'ne 3 132 Apr 15
•76
*73
71 76 •74 76
77
76
76
•76
400 70 May23 8734 Mar 13 55 Apr 80 Deo
76
79 Pittsb. Cin. Chic. & St. L.
•97 112
•97 112
•100 112
•97 112
100 112
105 Febl7 112 Marl3 90 Apr 107 Deo
l>^ pref
105 109
95 14 99-<8
9514 97
9534 961a
95^8 961a
964 97
9334 98 "a Reading
460,900 a;79 Jan 13 9934 Mar 9 3334 Mar 8258 1)60
•' May 2
91I4
9II4
91 14 91'a
9II4 91'%
9112 911a
94 Feb 2 76 Mai 92 Deo
Ist pref
4,600 90
9lKi 91*4
91>a 9Hs
•8&ia 8934 89 'a S934 •88 Si 89^4
2d pref
8934 8934
400 84 Jan 5 92 Feb 3 654 Feb 85 Deo
83'a 89'a •88 la 891,
2818 2834
283^ 303h
27^8 273,
27 "a 2734
2734 28 1«
30
30^8 Bock Island Company
88,000 2434 .Mtty22 37 7a Jan 18 19 4 Mar 3734 Nor
7434 76 "a
74
74
7434
•73
7518 75'%
Do pref
75
74
74
4,600 71i8May22 85 Jan 4 5734 Jan 8638 Nor
74
•13
13 16 12 15 •12 15 •12 15
1412 Ot. Joseph cfcGr'd Island.
200 12 J'ne V 1734 Jan 31
14
9
Mar 18 Nor
16
•46
•46
>'
•47
47 52
54
•49
46 54
54
464May24 5334 Jan 21 35 May 60 Nov
Do Istpref
50
54
•20
•20
•19
29i4Feb
20
24
24
la
20
J'ne
2334
Do
22
21
23
2d pref
200
8
3 16 Jau 30 Not
19
«19
74 77 74 76 •74 76 •74 77 •74 77 St. L. tfcS.Fr., 1st pref
7338May22 81i4Mar 6 (61 Mar 7934 Deo
•74
77
64 14 641^4
6518 67
65
66'% 671a
Do 2d pref
May26 734Mar 6 394 Jan 72 4 Deo
2',3o6 61
65
65
65
661a 66 "a
185 195
175 Jan 30 1944J'nel2 150 Jan 185 Deo
0.<fe E. I.com stock tr ctfe
195 *185 195 185 199 185 195 •185 195
23I4 2312 SU Louis Southwestern..
22 7e '.'314
»22
2234 23 >8
2338
22
2258
23
2,305 20 May22 27 4 Jan 20
23 la
94J'ne 29 Deo
607,
6118 6I34
•59 14 61
Do pref
60
60
el's
61
2,805 654 May 1 66 3g Apr J 8 2538J'ne 6034 Deo
60 "a 61
61 "a
62'>8 637e
6234
62 7g 6378
62
63
91,530 5734 May 4 7238 Feb 27 41 4 Mar 6834 Npr
64 4 Southern Pacific Co
61=8 62
611a 623s
120 14 12038 121 121
120% 121
Do pref
2,555 11534 Jau 6 121 19 Feb 15 113 Sep 119 4 Deo
11934 120
1207el'20-6
1203i 121
32 1» 32*%
31 '8 32
3138 32% Soatheruv.tr. ofs. stmped 22,400 28 Mayl9 3634 Mar 13 184 Feb 374 Dgo
32
31 "a 3112
3l-<8 3138
323b
9714
97
97
97
97
Do
pref.
do
97
97
97
900 95 Apr 28 100 Mar22 77 4 Jan 974 Deo
97
96'a
•96'a 9714
•98 la 100
•9813 100
M. & O. stock tr. ctfs...
•99 100
97 Apr 18 98 4 Feb 28 90 Feb 98 Doo
•98^2100
981a 100
34i«
3334
6,300 2934 Apr 29 41 Marl3 204 J'ne 38 4 Nor
33 la 3334
34
344 'Pexas & Pacific.
33
3314 •3314 3336
•321a 33
130 132
-hird Avenue (N. Y.)..
131'al3l'a I3II3I3II2 Xi
1,600 124 Apr2y 13434 KeD16 116 Mar 134 Oct
•129 131 127 130
127 130
8138

81«8

•102 12 103
*156 IBO

811a 82

10234 1023^

SI34

103

8238

103

159^8 161 12
1 0878 10914
•96 14 9712
6508 66I4
*88ia 901a

82 14 8234
103141033,
160 162 '8
1091a llO'e

82 14 83

8234

104

103''8 10378

83 Bg Atch. TopekatfeSanta Fe
104
Do" pref
161 Atlantic Coast Line RR.

i

i

i

I

i

i

!

I

'

-J

s

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
MEW YORK

Bid

AsIc

11

Astor
775
Battery Park 155
BoweryD
325
Butch's & Dr 155

165
630
280
825
165
i65

195

210

650
Chatliam .... 320
ChelseaExcT 170

330

•
1

Bid

Ask

Banks

Bid

Atk

Banks

Bid

Ask

Bid

Banlc!<

Ask

1

Banks

Ask

Bid
I

4300 4360

Citizens' Ctrl 165

Aetna
130
America ... 520
AmerExch.. 275

CenturyD
Chase

Bankii
Chemical ..

170

City
t281 t285
Coal & Iron 230 240
Colonial 1i ... 450

Fifth
340
First
765
14th8treei11. 300

..*•••

Fourth
GalUtin

215
420

Garfield
Columbian .. 400
Commerce... t206 t2084 German Amij
Consolidated 150
152 4 German Exlj
QermaniaU ..
C'rn Exchgel, 376
383
Greenwich D
Discountll ... 160
160

East River.. 160

160

FideUtyll
190
Fifth AveH.. 3500 3756

Hamiltonll

..

Hanover

Imp

&

Trad.

200
410
500
165
400
450
235
190
495
590

165

InterboroU.. 165
165
Irving
t230
Jelfersonll... 1774 185
Liberty
616
* -•
Lincoln
1600 1700
335
Mantiattanll. 326
Market &Fut 235 275
Mechanics'
285 295
Mech & Tra'„ 170
.Mercantile .. 270
275
Merch Exch. 170 175
Merchants'.. 178
185
Metropolis 11 400
•

.

250
505

Metropoli'nH 1374
MtMorrisli. 210
Mntualll
300
205
Nassauti ... 195
New Amster 475 510
New York Co 1300

NY

New

Nat Ex.

t201ii

York... 315
19th Wardll. 350
North Amer. 239
Northern
135
Orientalll....
Pacificll

325

Park
Plazall

615
290
180
575

Prod Exchll

175

Riveraidel]

250
670
700

People'sli

Phenix

Seaboard
Second

Shoe&
242

..

Leth. 155

i

190
I

:i85
.280

700
165

1200
34th Street.. t200
12th WardTi. 200
23d Wardll.. 150
Statell

250
250 265
dividend and rights.

Bid and asKeil prices; no sales were made on this day. § Less tiiaa ioo sajres. j rjx rigiits. i| State !)aaka. a lix
Sale at Stock Exchange or at auction this week, s 'Tract Co. certificates.
A Assessment paid.
n Sold at private sale at this price.

6

New stock.

.

2606

•Stock

KeCOrd— Concluded— Page

aTOCKS—HIOHEST AND LOWEST BALE J'BJCES
Saturday
June 17

Monday
June 19

•33 '4

34 lu

•3334

37\

3734

*34
56
110

•53

56 H;
10934 110
I-2214

122 >v

•96'«

44 14 45
8078 83
•8034
•ISHj
*37ia

•15

19
39^!
I5J2

•as'* 39
•22>a 23
23 k 23^^

61
•243
1334
*51>a

79

5m

3334

1334

*40
•35

•18
•40
47
•110

49
84 Hi

80*4 8 034
*18'2 19
*37'a 39
le-a
16

?39
23

39
23
24 V;

61

5234

251

*13ia

15
55

38
56

109 "u 111

ill

11138

1227g 12334

12334 124'^

9714
49»e

98I4
4934

84

9634

981,

4934

5OI4

85
8II4

85

85 14

8518

8512

4 39

39 14

I9I4
39ia

20

38

8112
1938
3934
1678

16^8
3934

I6>a

243

251

240

5

7
63,

41

"a

614

40

434

39
20
44

371a

18

4738

7
634
4034

6
371a

18

40

113

3134
9.5

240

44

4678 4734
111 112

2434

52 H;

6114

•30«8

804,
23^1

31*4

'243 250
*13ia I412
55
51
61
8II4
8038 8 134

a4

32 14

9214 95

240

240

220

*5ia

6'-.

61a

63,

'6
634

634

41

42V

35

5

6
371a

20
45

40

24

6

24 14

23

9

9'-j

4818

9

36ia

24

49V

48
113

11334

51a

9
Se^i

134

134

5141

141

383,
37
1343913412

'140

*95Hj 96V2
32 'g 3278

103 103
102>2l02H
•180 195
•15ia I6I4
•58
63
41Ja 42

141

951a 9612
32i%

64

51-.

•12=8

•136

no
•46

I6I4

39
1341313534
141

9612 96i2
3278 33 «,
'103 103«8

16

1534

•58

*57ia 60
411a 42

60
43
95

4214

95

95

•

9k
39^4

33
103 "4 103 12
103 103 "4 10314104
180 195 -180 195

1513

I3I4

Vi'ii

131s

1851a 187

188
10
49

48

4218 421*

42

*12ia

136

10
48

10

421a

I314

186

lOV
10
431a 50
42 14 4 an,

80 '. ... 80
111
95 111
*90
93
92 V
92
176 2172 la 173
174 174
*18i8 19
1878 19
1334 19
•7734 7812 7734 78 H 7713 7812
65
'55
85
•55
85
85
*27
30
27 30
•27
30
80 83 80 83
80
80
6I34
61
601a 60iii
611a 6II2
*110 117 ni7 1411714 ai5 118
22
20
20
22
20
20
88 12
86
*86
92
86
87
44
44
44
45
4478 45
*104 105
104 104
104 105
•145 150 145 150
146 150>2
*98
98
9912
98
99
99
38 39 38 39
•38
39
101 101 14 lOlSglOlH 10l>2l01l2
•95
*90
•174

•17

•73
*36
*91i4

•236
•31

80
111

•95

94I2

18
74

171a

3712
9212

239
31 V;

•96I4 9612
•171, 17»4
•7313 74

74
•36

'il^
•236
31

96

171-i

lOS,

74

73
37
92

3712
92ii

240
14

'236

31

'31

967j.

•W6I4

•34

763,

•40
•934

•71
28«8

7p

76'6

77 14

7734

44
10 H
72

40

44

28^8

978

17V
7312

37 12
92
240
33
967^

1712

18
*73
74
74
32
32
32
32
32
•101 1011^ 101 101
101
*72ia 73 H 721a Td\
73 12
•100 108
•lUO 108
'100
171a

107^,

72
28»8 29
71

18

I3I4

I3I2

102 la
273e
9J'8

34
•108
•86
•285

1021-^

27

K,

94

^<

34

131s 14
10934 110

7414

103

'\

'8

7912

44

1078

107^

72

72

28»8

85

89

1378

1312

110'8llOi4
•85
87
27
27

261a

2612

60

60

59

3534

3634

37
102 14 102
1:8 V 28

102

102 14

2739 28 H.
9418 95
34
34

021.^

3612
9479

34

40
24

234
6II4

144
82 U
24 4

1912

44

49V
11334
67e

534

6

61-,

344
434

Week
Shares

37
6

33
13
45

Lowest

1.850 22i4Janl3
900 34 V May22
1.620 5134 Jan 25
2,450 105 Jan 6

Highest

Highest

Lowest

Light

37i4Aprl2

4734 437,
11278,113
6
6
American Malting
244
Do pref

514 Apr 2 9
40U
200 20 J'ue 9

4334

Apr

6

Apr 12
1224 Apr 4
65

334

Jan 14

24J'ne

27 4 Oct
33 Not

5714N0T
.d07?i

§166
117

Oct

Nor
Not
Deo
Deo
Deo

9=?

26
69

25 Not
48 V Nov

Not

223b
5234

Jan

32
25

Not
Not
Not

4939

Oct

250
2138
71
8234
24=8

Not
Not

Deo
Deo
87 Deo
35 4 Deo
9434 Dec
377eDoo

219

Not
Not

14

Deo

97

imDec
4334
934

Deo

Not

42

Oct

20»8

Not

42 4 Nov
3638
105

N OT
Nov

9
29

Deo

21
24
Deo
£8 4 Mar 7 16 J'ne
23V
9734 98 Amer Smelters Sec pref B
98
1,300 97-'9J'nel2 93-'s T'ne2
98
115-38117V 117 113 Amer. smelt'g & Kelin'g 125,900 7934 Jau 9 12:<78Aprl3 46 Feb 82 4 Deo
12041204
12134 122
Do pref
6,000 IIII4 Janl3 127 Apr 6 3334 Jau .15 Oct
-167 175 American Snuff
16 { May31 183 Jau 21 110 Jan 170 Nov
167 175
•102 106
99 Jau 7 105 4May2G 85 Jau 9909 Not
102 106
Do pref
10
6,620
8 4J'ne 8 1838Mar20
914 lOV
104 1034
34.1'ue I514 Dec
107e American Steel Foundr's.
4939
4038
42^4
39'4 42
4134
Do pref
6,650 35 V J'ue 14 674 Apr
26 J'ly 5714 Deo
13739 13634 137 4 American Sugar Retiniiif; 19,600 130 May22 1493, Mar
13534 13634 136
122 14 Mar 153 Not
MaylO 140 Mar
135 136 135 136
Do pref
123 Jan 141 Not
""50 133
1367gMay24 148 4 Jan
1404142 '142 I42I4 *140 143 Amer. Telepli. & Teleg...
Feb 1494 Not
121
96I4
96 Amer.Tobac.(new),p£.ctfs
964 96
2,150 91 '8 J an 25 9938 Feb
9614
96
8539 Nov 96 Deo
35I4
35-8
3459
35
354
34
American Woolen
11,250 20»8Jan26 404Aprl8 10 Jan 25 Not
103'4 IO4I4 1043, 105 V 105 105
Do pref
1,830 93 Jan 6 l034Marl5 69 Jan 9434 Deo
10434 lOo
1064 10734 10514103 Anaconda Copper
16,300 l004May22 130 Apr 13 61 Feb 12078 Not
•185 195
192 192
180 195
100 184 4 May22 a;215 Feb 14 185 Mar 2 294 Oct
Brooklyn Union Gas.
16
16
800 107a Jan 13 I634 Aprl8
J'ly 12 «8 Deo
16 V I6I4 lo^^ 164
runsw. Dock & C.Imp'!
5
53 59 •68 69 Butterick Co
'58
58 Mar 1 60 V Jan 18 477gFeb 6234 Deo
59
4334
4333 44
434 44 '4 (Colorado Fuel & Iron.. 25,600 33 May22 59 Mar24 25 4 Mar 5838 Nov
95
85 Feb 10 105 Mar24 63 Apr 95 Dec
95
95
> Do pref
137= 1379
13 4 13>4 CoL & Hock. Coal & Iron.
"l358. 13»8
400 1134 May24 13 4 Jan 30
8 J'ue 19 4 Deo
189
34
419034
189
18641884 138 4
Consolidated Gas (N. Y.).
7,900 1344Mayl5 214 Mar 3 186 Feb 220 Oct
334
8
2234
•94 94
J'ne
94 S'i Corn Products
934 May 26I4N0T
1,240
Feb 7
454 46
464 464 464 474
Do pref
1,750 43 J'ne 8 79 Jan 10 66 Mai 8214N0T
4234 43
43
434 43 14 43 3g Distillers Securit's Corp. 2,735 j;3478 Jan25 47 4 Apr 6 194J'ne 404 Deo
76 May23 89 4 Feb 27 82 Nov 8339 Not
80
80
80
silectric Storage Battery.
'100
100 111
111
105 IO7I4 Federal Mining & Smelt'g
200 60 Jan 11 128 Apr 7 434 Nov 68 Deo
92
934 94
944 9434 96
Do pref
4,700 75 Jan 5 1074Apr 7 71 Nov 90 Not
17334 17434 174
174
17441744 General Electric
1,700 169 May2o 192 Marl6 cl51 J'ne 1944NOT
1938 20
I834 193t
I914 194
4,200 18VJ'nel6 25VMarll 10i4May 2538 Deo
International Paper
7778 7734 784
734 784
164 76 V Feb 6 82i4Apr 6 64 V EeU 797a Deo
Do pref
55 85 65 85 65 85 International Power
60 J'ne b 100 Feb2cl 26 Mai 72 4 Deo
• 27
27 30 Internat'l Steam Pump.
30
30
30
100 29 May20 40 7g Feb 2 7 28 Sep 41-3eNoT
*80
83
8114 81 14 814 83 4
200 78 4May22 8339 Apr 14 714 Feb 87 Not
Do pref
?62i4 62 14
63
6338 63=, National Biscuit
62
3,560 544 Jan 25 6638 Apr 3 36 Jan 694 Not
•116
'116 117
118 118
117
318 11638 Jan 10 12014 Marl5 100i4Jan 117 Not
Do pref
22
21
224 224 224 22 4 Nat Enameling&Stamp'g 1,950 I8I4 Jan -iO 31V Apr 6 14 Sep 234 Not
86 92 •87 92
92
87
920 86 J'ne 19 94 Apr 19 75 J'ly 587 Deo
Do pref
45=8
4539
4439 4178 National Lead
45
45
5,700 24i4Jan24 5134 Apr 7 14 V Feb 26i4 0ct
104 104
1034104 102 105
647 97»8Jan 7 llli4Feb20 80 V Jan 9Si4Deo
Do pref
151 152
145 152 150 155 New York Air Brake
900 140 May22 16l38Aprl5 120 Feb 164 Not
99 14 IOOI4
9934 10034 1003910934 North American Co., new
7,522 97 4May22 107 Apr 17 80 Mar 1 0? Not
38»8 39
384 3934 39 14 3979 Pacific Mail
3,850 33 May22 49i4Jan 4 24 Feb 65 Not
101 4 102 14 101»8l02l4 102 1021,
eop. Qas-L.* C. (Clue.)
4,500 97 14 May 15 1154 Apr 3 9234 Mar 1124 Deo
16 14 le't
16
17
le-* 1714
Pitts Durgh Coal Co
1,900 16 J'ue23 21 Mayl5
7-24
72 4 73
70
Do pref
1,600 67VJ'ne23 3014 May 15
67V 70
38I4 33V
4634 Apr 14
37 4 384
38V
24 V May 44i4O0t
Pressed Steel Car
3,280 33 4 Jan 3
38V
92I4 9234
92 4 92 'e
92 4 9234
Do pref
1,130 8734 Mar 6 99V Apr 14 67 May 92 Deo
238 233 Pullman Company
236 239 J236 236
138 230 MaySl 254 Feb 28 209 Mar 244 Not
32 33 L> all way Steel Spring... 2,200 30 May22 4039Aprl7 16 May 35 Not
3134 324
3278 33
96^8
964
96
9378
974
964
S,
iXDo pref
200 93 Jau 25 10334 Apr 15 7134 Mar 94 Deo
I8O9
1838 1834
13
184 \%% Republic Iron & Steel .
6 ilay I8I4N0T
6,400 15 Jau 23 247gApr 3
76»8 767e
754 7538 76
74
Do pref
4,600 67 Jan 10 37 4 Feb 23 37 May 73 4 Not
32
32
324 33
33
32
Rubber Goods Mfg
700 24 Marl4 38 Mayl5 1434 Apr 2979 Deo
10041014 101 102
101 101
Do pref
750 94 Jan 25 109 V Apr 1 7434 Jan 98 Deo
>4
80
82
804
81
76
79
4
6,500 60 Jan 25 1184Feb24 314 Jan 65 -38 Not
Sloss-Shelfleld St. <fc Iron
100 125
105»4 10534 100 130
pref
100 100 Jan 13 130 Feb 23 77 Jan 105 Deo
Do
34 1
34 1 Standard Rope <fe Twine.,
6 Not
34 Jan 28
3 Jan 3
34 Mar
81-18 823b renn. Coal, Iron & BR...
8I34
80
814 82
28,690 68 Jan 25 106 4 Apr 4 SlSgMay 77 4 Not
40 43 4 Texas Pacific Land
41 42 40 43
39
4 Not
374Jan31 464Mar28 25 May
Trust
1038 114
10
10
378 Aug 1314 Not
104 10 7j
S'sPne 6 16 V Apr 3
3,300
Union Bag & Paper
76
>4 Not
10
82
Ti^
72
68
Tan
Feb
72 4 724
724 724
Apr
46
pref
4
Do
3,040
29 I4
2334 29 '8
29
29
29V U. S. Cast 1. Pipe & Foun. 7,400 1978 Jan 3 35 V Apr 14
6VMay 204 Deo
9
7„
V
9234
92^8
92
92 4 93 14
Do pref
4,400 79i4Jan 3 9734 Apr 17 40 Mai Sl39Dec
122 124
122 125 122 4 124
§120 Jan 9 134 Feb 8 100 Feb }1128 Not
United States Express...
1334 14
1339 137e
13 4 133e ?United States Leather... 24,233 «1078 May23 14«9Jau 16
6 4 May 20 '4 Deo
Illi4lll7g lll'4 11134
IIO4III
Do pret
3,070 10078 Jan 10 «lU79j'ne2j 75 "a Jan 106 4 Leo
89 4 92 U S Realty & Improve'nt
•35
8978 91
89
700 77 Jan 4 98 4 Mario 43 J'ly 84 4 Not
30
29
2934 aO
27 4 28 '4
2,020 18 Feb 28 40>4Aprl8
J 8 Reduction & Refln'g
60
60
604 624 62 4 62 4
Do pref
1,090 35 Jan 13 704 AprUv 364 Nov 40 14 Deo
3634 36 V
104 Feb 34 4 Deo
364 37 3f. United Slates Rubber
2.150 3334 ,/au 3 454 Apr 7
36V 37
10141024 1U2 4102 4 1-03 103=8
2,700 93')8Jau 6 1184Apr 7 41 Jau 100 Deo
Do pref
3()i8 307^ United States Steel
2934 SOSg
838 May 33 V Deo
29
30
213,760 2478Muy2-J 3314 Apr 7
9738 98^
9 7 ''8 9 8 '4
964 98
22,878 9034 May 22 IU4 78 Aprl8 61i4May 9539 Dec
Do pref
3138May2J
39
2234
3434
J'ue 44 V Deo
35
Jan 3
344
;-!6V
354 3579 Virginia-Carolina Cheiu.. 3,(;oo
I0914IO914 109 109
109 109
1,025 103 V M.ay 1 110 Feb 20 9 7 "V Apr 116 Not
Do pref
36 40 •364 40
40 Virginia Iron Coal <fe C.
300 36 J'ne 5 524 Feb 24 18 4 Sep 44 Not
38
235 250
230 250 •230 250
235 Juu 3 260 Feb 21 §200 J'ue 250 An*
Wells, Fargo & Co
7',306 92
9434
J«ul7 954 J'uel9 85 May 94 4 Deo
94
est'u Union Tele'gpli
944 94 14 94''8 94
167^4 I6734 168 169
168 169
West'gh'se El & M fg assen
1,300 152 MeyJO 184 Apr 6 153 May 135 Deo
190 Feb 23 197 April 180 Aug 198 4 Not
Do Istpref
,

>

"^4

91»8 9134
9134 9238
•91 H, 9134
•122 125 •122 125
'122 125

1091a 109 ly
•85
89
27
27
60
60 "v
37
37

403b
17

6 14

34
18
40

the

SB
Sange for Year 1905 Range tor Pretieu$
On basis oflOO-share lots
Year (1904)

.

74
32
101

7734

41

38

-

914

•140

4II2
5

434

23
23 24
9339
98
97=8 e7'6
97h 97h •9734 98
112-'4
ll?l2
11378ll6'4
11238
112 112 V 11218
12II2
llSSgUyij,
120
119
121
•118 118^4
167 175 •167 175
167 175
*167 180
•102 106
aOlia
noiia
•lOlVj
24

1934

55

V

37»8

44

113

".i

612

85
82

"51
81
24

534
7

36
174
40

171a 20

471a 4818
112

112

5134

3473 3479
34 la 3434
98 4 9334
99
32I4
32 V 32 V
32
92 14 9214
92
92
'215 240
§220 220

7

6
381a

•5

112

97

538

&

Vol. lxxx.

17 4 J'ne
21 4 May
32 Feb
Twin City Rapid Transit
87 4 Feb
Do pref
§l.')334Mayl7 158
Mario 158 Aug
Pacific
346,500 113 Jan 6 13779 Feb 25 71 Mar
Union
Do pref
850 96 Mayll 101»8 H'eb21 a;864Feb
CJnitRysInv'tof SanFran
3,500 214Jan 4 5134 j'ne'23
Feb
9
4,rt00 64 V Jan 16 89
Do pref
Mar31 42 4 Apr
United Rys of St Lou. prei
1,350 8014 J 'ne 8 82 J'ne23
2,000 l7 4May23 23«gFeb 3 16 May
Wabash
2.901P 37
Do pref
May23 43 Feb 23 3234 Feb
WheeUng & Lake Erie
1,000 15 May 1 1934Miirl3 UVJ'ly
Do Istpref
910 36 May 4 48 Fob 1 37 J'ly
Do 2(1 pref
3,60u 20 May 4 284 Marl:! 21V J'ue
Wisconsin Cent. t. tr. cfs. 18,100 20 Apr 29 25 14 Feb 16 16 Jut
Do pref. vot. tr. ctfs. 6,90U 45 Jan 13 54I4 Feb 17 37 J'ne
Industrial &, Aliaccll
§250 Feb 7 }220 Feb
J236 Jan
Adams Express
llis-Chalmers
200 13 May
19 Feb 17
6 M alDo pref
100 464 May
63 Feb 17 so 4 Mar
Am.algamatedCopper
141,200 70 Jan 25 3979 Apr 14 43 V Feb
Amer Agricult Chemical.
810 20 Jan 24 29 V Apr 15 13 Mar
Do pref
89 V Feb 3 §92 Feb 16 7234 Jan
American Car & Foundry
4,600 31 May22 43 3r Apr 14 1434 J'ly
Do pref
1,040 .cyiij Jan 25 104 4 Apr 6 67 Jan
American Cotton Oil
1,30U 3OI4 Mhv23 38 Apr 3 24i4J'ne
Do pref
350 92 J'ne2;i 97 Feb 16 8834 J'ne
American Express
16 i2094Jau 4 246 F'eb27 130 J'ut
American Grass Twine ..
5^4 J'ueJ3 14
1,500
Jan 4
6 Aug
2 -'9 Jan
Ajner Hide <fe Leather
1,310
6 J 'lie 7 114Jaul4
De pret
10,300 34 4J'ne23 65 V Mar 17 11 V Jan
4
American Ice
400
6 Dec
V Apr 29 7i4Feb 1
Do pref
200 34 May22 4134 Ai)rlO 24i4Mai
American Linseed
300 I514 Jau 17 2234 Apr 17
7 J'ne
36 Jan 19 48 4 Apr 17 224J'ue
Do pref
American Locomotive... 25,281 33 Jan 25 61'^4 Aprl3l 16 V Jan
Do pref
1,910 10334 Jan 5 122-4 Apr 15 754 Jan

&

127
93

250

134

Toledo Railways

35

1

2

Sales of

383, Tol. St. L.
W. T. tr. ctfs
57 14
Do pre(. vot. tr. ctfs

243

24

24

634

40 '9 407,

35
*17ia
40

23
51I4

"t:.

3438
9812

3078

92'4 95
*210

39
23

5II4

251

34
98

6^2

6

23
24
5178

*52

33 "a 34
97
97

40V
•16
151a 17
39 14 39 14
2378 23 'e
2334 24

1338 14

52

1914
3934

24 k

243

84'4

82

40

1334 15

3214 3314
*96
99

595

1678
3934

39
23 12
23
24 14 2434
52 -a 53

7934
79
»22ia 25

301a

125
98
61

8114
I918

79%

'220

1237912559
98 "4 98^4
51
SIV

19

57
79=8 80 \
•22 "a 25

3334

35
»38
67
112

35

19

8038

STOCKS
NEW YOBK STOCK
EXCHANGE

fYiday
June 23

39
38
66
673e
llliall2

3434

34<^

35
65

51

*5ia
63*

93

48^8

34»8

34H2
3734
5534

3734
65'4

55

•35
98
30V, 3OI2
•92 >, 97

*220

98

243

251

21

•

12238 I2314

83

81"^

3434

38
56
110

*34

Thursday
June 23

Wednesday
June 'Jl

Tuesday
June SO

1

.

"a
'4

96 V

35
108 109
109
109 109
40
38
38
38
38
250 235 250 '235 250
9408 94»8
9434 95 H a;9378 94
168 168'° 167 I67I4 '1G6'4 16734
•180 193S
'

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bankii
Bid Ask
Union ExcMi t218i4 tzig^s

United...

85

Wash. H'h tail 210

90
220

WestSldell.. 550
Yorkvillell.. 400

BnoOKI.TN
Boroughli

120
Broailwayll.. 315
Brooklynll .. 130
Con'yI&BB«, 145
yifHt
380
Mamitactrs'. 365
•
1

Banks

Bid

Ask

Truat Cos.

Bid

Ask

imooKi.yN
Meclianicsll

-

350

Nat City
290
North Sidoll. 300

300

290

Feople'sll

136

ProspoctPkl

140

17th Wardi

390

WaUaboulD

.

UnlonH

130
140
156

200
-

160

CITY
Bankers' Tr. 475
Bowl'f<Green 207 212
Broad wayTr. 165 175
Central Tr'st 2200 2250
Colonial
385
Comnionw'th
95
Empire
240 245
Equitable Tr
575
Farm Lo & Tr 1470 1490
N. T.

Merchants'.. 200
Nassau
390

R)<lg(r/»'ood1

Trust Co'«
Ave Tr
Guaranty Tr
Guardian Tr

Bid

Ask

575
t590V
210 220
Knick'rb'k'r 1050

Filtli

160

Bid and asked pnoeg; no sales on this <Uy.
i Legs than 100 shares.
aaie at Stock Exchange or at auction
thU week.
Ex stock dividend,

Ex
s

Law T

I <fcTr t:!M

4 325"

Lincoln Tr... 570

Manhattan

..

490

Mercantile ..
Metropolitan 625

MortouTrusl

t!t20

Trust Co's

Bid

Ask

N Y Life&Tr

1050
730
325
390
655
770
1405
525
1475
275
426
225

1090

Now York Tr

Real Est Tr't
StandardTr't
TitleGuifcTr
of Am.
Liu ion Trust

Tr Co

505
960

USMtg&Tr

225

Unit States
Van N'donTr
Washington
.

',

Mut.Alliance 210

Windsor
rights,

Trust Co.

c

Ti'ust Co's

1|

Ask

BROOKLYN
410
670
730

290
460

Brooklyn Tr 415
210
Flatbusli
325
Franklin
Hamilton
340

Homo
Kings Co
L Isl L&Tr.

176

450
300
260
Nassau
330
People's
Willlamsb'g. 235

Ex divldead and rights.
Banks marked wltU a paragraph

oortlttoatos.

Bid

(H)

336
i96"

325
270
350

are Stato b&nlu

—

s

Hew York

Stock Excliange—Bond Record, Friday Weekly and Yearly
OCCUPYING FOUB PAGES

BONDS
BTOOK EXCHJLNGK
WSBi SiroiNQ JUNE 23
T.

ir.

V 8 2s consolregist«red.dl930
U 8 28 oonsol coupon.. ..dl930
tJ 8 3s regiBterea
fcl918
*;1918
V 8 38 coupon
8
8
8
8
S
8

38 reg small bonds. .fcl918
38 cou small bonds. .fcl918
A1907
V 48 registered
/il907
U 4s coupon
1925
U 48 registered
1925
tr
48 coupon
Philippine islands 48.1914-34
tJ
tJ

series 68 ctts full paid
loan mzs clls lull pd.l925
Eepub of Cuba Ss exten debt.
U s <>t Mexico s t g us of IXHi'

£

Q-F
Q-F
(i-F

Q-F

a;<e

class

B 6s
C 4s

i^-.l

104i2May'05

10038

101

99
92
1061a
t00l4
9313

_

104

I32I4I33
109 110

J-J

West

X

.See

Butt

106>i
100^4

12712.

i03>4 Dec '04
13612 J'ly '01

J-J

A-O

K

gen g

48.. .1995

97
97

'•i5iaDec'()4

96^4
n't,

96^4

ll'aJ'ne'o5

lOOv, 100 w.
4
iu3ia 10334 161
10234 May'06
I0II3
10034 10034 10
d^K, 97'2 96 "a
9634 13
94 "4 9738 Feb '05
"9 4 s^ Salt
94 3j,
94^8 29
99<S8May'05
9934
99iaNov'04
99»8
9914
i>9«8
9i'\ "10
98^4
99 la Jan '05
98'4
98iaNov'04
97I4
97 Oct '04
98 14 J'ne'05
99

A-O

JU

Stamped
/tl995
Debentures 48 Series E. 1907
Series P
Series G
Series
Series 1
Series K

1908
190Si

H

1910
1911

1913
East Okla Div Ist g 48. .1928
AtiKuo3c<fc Nor Ist g 6s.. 1940
Atlantic Coast 1st g 4s./t.lH52
Charles
Sav Ist g 78.. 1936
8av D' <& \V 1st gold 6s.. 1934
1st gold 5s
1934
Ala Mid Ist gu gold 5s 1928
Bruns <fc
Ist gu g 43 193b
SU Sp Uca (& G gu g 48 1918
&
Dany
See Soutli Ry
ttlantic

&

W

<fc

N

W

.See

M->;

FA
F-.\
FA
FA
FA
FA

M

S

J -D

M-S
J-J

A-O
A-O
M-N
J-J

J-J

Sou Pacific

Bait & Ohio prior 1 g 3 ^as. 1925 J-J
Q-J
Registered

W

Begistered

/il926

HonoD Riv Ist gu g 5s.. 1019

1st cgiias.. 1930 M
Tol 1st g 6s 1922 A-O
Pitts Clev
/Pitts* West 1st g 48.. .1917 J-J

Cen Ohio R

&

JPM&Cooertfs

N Y <&

Erie

a&e gen

tiee

&

&

West

&
&

.y-s

AG
J-J

F-A
J-D
J-J
J-U

&
A-O
&
Registered
1934 A-O
C R I F & N W 1st gu 58.1921 A-O
M & St L, 1st gu g 7s.. ..1927 J-L>

1908 J-J
2d 5s
1913 M-S
Registered
1913 M-S
Carb & Sliawn See lU Cent
Carolina Cent iSee Seab Air I.
Carthage & Ad .See N Y C & H
CedRIaFJfcN 6eeBGR<fe>;
Cen Branch U Pl8tg43...1948 J-D

Canada South

1st 68

Cen Branch Ity See Mo Pao
C«n RR & B of Ga col g 5s 1937 M-N
Cent of Ga RR 1st g 5s..i>1945 F-A
Consol gold 6s
Registered

^

J -J

J-

J

M-N
Q-M
M-S

9734

96S4

96

10214 138

971*

29

N«T'04

10418 1041.^
103 May'05
110 106 May '05
91>4 923b eoia
91
99'>4 Sale
99
S934
93"
93 Sale
93
92 >s Sale
924 S2>i
10734
1061a Mar'04
109 Apr'05
121
1191a Mar'04
100 Sale 100
100

'

112»4
1131a
I36I4 137

133 la 134
1141a
10534

96

116

4

44
22

6

May'05

Sale
Sale

11314

R&

M

1945 M-N
194; M-N

1st prel income g 5s....j)1945 Oct
2d pret income g 53
pl945 Oct
3d pref income g 6s
pl945 Oct

J'ne'99

I0714
I36I4
13514
1141a

J'ne'05
J'ne'05
J'ne'05

Aug'04
134 13634
1331413513
11234 115

102

104
,

,

97 '6

10834
ltjl-'4

105

107

100

10634

113

113

llll'"8

101
981a

97

II3I4 I1314
8414
6/

!-t'34

80 '4 83
80 14 SO ^4

Feb '05

103
98
9618 96 '9

10534 Aug'04
1IOI4 Jail '(15
IDl
IUI34
lOo
rj6'4

IIOI4 IIOI4
101 '1 103=8
10014 108^4

106 '4 J'ue't'o
lou Api '05

106 '4 1061a
100 100

:l6i«

lOS

no

105-'4
iOLi^j

am

,

Sale

Ui2
97

10.X34

11314 Feb '05
951a Sep '04
B."il8 J'ne'u5
81
b0i4 Muy'O.'j
10434 Apr'Od
102'
Ui2'a
97"
97^4

i«

Is

10819
111
II714 122
II6I4 II6I4

106

Apr '0 j

ii8

,

lios
97
85
bl

10334 1041a

101ial02'8

108 May'O.IO834 Miiy'O;
1173,
11734
II6I4 May'05
1-2
108
107
iirjJ.,
106^4
llo JMiU-05
li 334
10334

117-18
ItiS
106->4

Since

Feb'04

104
102

lU4iaMar'05
104
101 14 1013, 10134
10134
106

101

951-,.

100
106
....
1131a 11234 J'ne'0£.
104 -'8....
Miiy'05
10734
137 la....
137 la J'ne'05
119 121
120'4 J'ue'05
1191a Mar'oo
21 14 Apr'05
12 L

108

10534

106

113

1113, II418
105 10734

US

1191a lliJia
121 14
120

1361a I3714 135 .\pr'(i5
114 ....
114 May'05
11034 ....
llOiaApr'O
187 Mai'05
110^4
1113, J'ne'O
112 la
112 la J'ue'05
111
loyia J'ue'04
99 lOOia 98 Is Jan '0
II6I4
11 634 Apr'05
119 2
119=8 M:iy'U5
ill

1b

117
1123g
1321a
II514

lU

131
114

137

1091a

no's

178

1«7

1151a

10934 11134

113'8

112

981s 98 1«
11634 II634

1194120

llliaJ'n605

110

111=8.

II714

1171a

116

Mar'Oo

112

1171a
11238

112

137iaJ'ly'9'.

1153e May'05
106 Aug'04
185 Apr'05
11538 May'or
106=8Apr'Oo

106 14
11434
lOO's

la

138
122

133-.;

1

...
...

111
110

10978...
11638...
109 14

11434 117

18S=8
115
106=8
IIOI4
IO914
115 la

J'ne'05

May'05

116iaJ'ne'li5

1121* Apr'05
114l4il63g 116if Jan'O
12738 1281a 127^4 May'O,
104 -a Dec '04
1051a .
102=8 May'04
99 14..
99 la May'O
99 14
103 Nov'Ob
117
118 J'ne'O
117 . .. 117 Feb'O
11138
110 la Apr '0
ll«*a
..
107 Mar'04
10334 1053 104
104
161 "a. .
104 Mai"04
ll2i4Sale II2I4 II212
llOia

IO834 Jan'04

1933 M-N 117 ..
1933 M-N 116
DesMo&Miun 1st 78.. 1907 F-A 10314
123 .
Madison 1st 68.. 1905 M-S 10118
I2219 12212
11912 1221a
North Illinois Ist 5s
1910 M-S 1051a
991a.
Ott C F & St Paul l8t 58 1909 M- S l04»8io6
103 Apr '97
1161a.
Winona & St Pet 2d 7s.. 1907 M-N 107
12514.
124iaApr'05
1241312612
MU L S <fe West Ist g 63 1921 M-N 127^8 ii;9i^
12434 126
126 Mar'06
1251a.
Ext& Imp 8 fund g 5s 1929 F-A I2014
AslUand Div 1st g 6s. .1925 M-S 131
98 1001-^
991a 100 la 1003e J'ne'05
101 !«
Mich Div lstg6s
I00'8l01l4 101
1924 J-J 132 '4
10034 1021a
Convertible deb 08
ll9i8J'ne-05
1907 F-A 101
11936 123
1181* 121 la
Incomes
1911 M-N 103
118 .... 1201a Mar'03
Chic Rock Isl <fe Pao 68.. .1917 J-J 123=8
lllia....
112 la Sep '04
Registered
1917 J-J 123 "a
General gold 4s
102410414
1988 J-J IO634 107 la
104 la Sale 1041a 10434
Registered
1988 J-J
105 la 109
106'eSale 106^8 107
A-o
l8t&
refunding
..1934
10534
106
4s..
106 Apr'05
g
Coll trust Series C 4s .. 1905 M-N
9613
H4s
1910 M-N
94
M4s
1915 M-N
...
M-N
y3ia
N 48
1916
M-N
'05
93
O
48
1917
94
94
Jan
94
91
9234
P48
1918 M N
Chic R I <& Pac RR 48. .2002 M-N
110 112
112 Apr '06
821b sale"
M
N
Registeretl
2002
119 121
119 la J'ne'05
119
M-S
II6I4
Coll
trust
gold
5s
1913
94 la Sale
11334
113
11334 SaJe II312
Choc Ok & G gen g 5s .01919 J -J 10334
107 J'ne'04
Consol gold 58
97 14
1952 M-N 11034
4 90
9634
97
97 Sale
Keokifc DesM 1st 58
1923 A-O 109 ife 110
85
H4 Sale
82
84 149 67
67
72 >a 288 521a 73
72 la Sale

Sinking fund deb 58
Registered

Erie

g 53.. .193
lat g 4s gu..l99b
Mah 1st gu g 5s.. ..1943
CI
Roch Pitts 1st g 6s.. .1921
Consol 1st g 68
1922
Bntlalo
Southwest iJee Erie
Butt
Susq 1st ret g 48.dl951
Bur Cedar R No 1st 6s. 1906
Con 1st col tru8tg5s.. 1934
Buttalo
Ail &

125i6Nov'03
112»8Jan'04
114i4 0ct '04
93 J'ly '04
9734 Oct '04

99

B*l Creek <fc S Hee Mich Cent
Beecli Creek See N Y C & H
Belle V & Car See Illinois Cent
Bklyu & Moutauk Hee Iiong J
Bruns <& West A'ee Atl Coast L.
Butt'alo

129=4
11419
llS'e
9914
98^4

101 'a

1041a Sale

/il948 Q-J

1911 M-S
Conv deb 48
P Jun <& M Div 1st g 3'ii8l925 M-N
P L E <fc Va Sys ret 481941 M-N
SouUiw Div Ist g3'28...1925 J-J

;

112iaNov'04

97^

A1948 A-O

Registered

,

113
102 "4 Sale
145

/il925

Gold 48

^

J-J
Q-J

Eang»
January 1

MiQh No Low High
Low
94 4 Apr '05
941a 95

As/c

112

1-..

lOQVzSale
103 >2 Sale

199£ A-O
Conv g 48 (8ubscrips)..1950
/tl995 .N'ov
Adjustment g 4s
Registered
/il995 Nov

Keglslered

J-J
J-J
J-J

Is

Sange or

92*4

'J8ia

lOlit;

0/ $5 to a.

P

<fe

Bid
J-D

i..l98'J J-J
2d consolg4s
101 la 1011-2
Warm Spr Val 1st g 58. .1941 M-S
Greenbrier Hy Istgug Is '40 .\1-N
UhiCifc All UK ret g 3s.. .1949 A-O
Railway 1st lien 3i-2S... 1950 J-J
195U J-J
Hegistereil
Chic B & Q— Cliifc laDSslOO:. F-A
f -A
Div
1922
Denver
43
1949 J-J
Illinois I)iv3ia3
194J J-J
Registered.,
96
97
1949 J-J
Gold 4.S
Iowa Div siulc fund 5.S..1919 A-O
;)6-»4
97
1919 A-O
SinkiugtuiiiUs
10
IS^s
Nebraska Kxleusiou 48.1927 M-N
1927 .Vl-N
Registered
1921 -U-S
Southwestern Div 4s
Nortli
Joint bonds See Great
1913 M-N
Debenture 58
Hancfc StJo3 0onsoi63..1911 M-S
C1UC& E lU Ist 8 f cur 6s. 1907 J-D
1934 A-O
1st consol g 68
1001-2
1937 -U-N
General consol IstSs
961a
10134 105
1937 -U-N
Registered
100 la 102^4
ChiCi&ludC Ry 1st 58.1936 J-J
100 1031a Chicago <fc Erie See Erie
9459 9734 Chic In<fe Louisv rel 63...1947 J-J
1947 J-J
Refunding gold 5s
931a 973b
98
94
LoulsvN Ai&Chlst6s.l91U J-J
99 'a 99-'h ChicMU& St Paul con 78 1905 J-J
Terminal gold 5s
1914 J-J
99=9 sa-^
General g 4s series A..el98y J-J
Registered
el9S9 Q-J
991a 991.^
General g 3 las series B.el989 J-J
1921 J-J
Chicfe LSuDivg5s
9314 991,
ChiCife MoRiv Div5s...l926 J-J
1910 J-J
Chic& PacDiv6s
10634 ios'ia
1921 J-J
Chic* P Wlstgos
1916 J-J
DakcfcGtSog5s
1924 J-J
Far & Sou assu g 68
1910 J-J
Uaslife DDivlst78
1st 5s
1910 J-J
1& D Exten lst78
1908 J-J
Lacrosse* D lat 5s.. ..1919 J-J
Mineral Point Div 5s
1910 J-J
1910 J-J
So Minn Div 1st 6s
1909 J-J
Southwest Div 1st 63
841a 971*
Wis<fc MinnDivg58....1921 J-J
10238 1051a
Mil & No 1st
L 68. ...1910 J -D
1913 J-D
103 104 ig
Ist consol 6s
105 1101.^ Chic & Northw cons 7s
1915 Q-F
Extension 4s
1886-1926 F-A
901a 931-j
Begistered
1886-1926 F-A
981a 101
General gold Sias
1987 M-N
92
931a
92i« 921,
Begistered
«1987 Q-F
Sinking fund 68. ..1879-1929 A-O
Begistered
1879-1929 A-O
109 109
Sinking fund 5s.. .1879-1929 A-O
9734 100
Registered
1879-1929 A-O
Debenture 5s
99
99
1909 M-N
Registered
1909 -M-N
Debenture 58
1921 A-O
Registered
1921 A-O

86

tlOO
80 92

Mar'OC
May'Oi

120
97

J-J

Week^s

Last Sale

10638
109 14

1

n the

10338.

US^a.

J-J

93 H;

102i2Mar'(l2
111 Mar'02
11934 Oct '04
10oi<,Dec'O4

.

ftl995 Q-J

g 4s

Imp gu 5s. .1921
he & Hud R gen gu g 5s 1920
Leh & Wilks B Coal 5s. .1912
gl210
Con ext guar 4ia8
N Y <fe Long Br gen g 48 1941
Cent Pacific See So Pacific Co
Clias & Sav See Atl Coast Line

Price

Friday
June 23

& Ohio g 6s ser A../il908 A-O
al911 A-O
Gold 6s
1939 M-N
lat consol g 5s
1939 M-N
llesistered
4
1992 M-S
General gold las
1992 M-S
Ke-ustet-ed
58....194U
J-J
Craig Valley Islg
A Div l3tcong4s..l989 J-J

941a 10.^ 190 18 1011,

93 14
60 I03I4 'MS

t)12S

luy'4 0t:i '00

.

1900 J-J
1920 J-J
1924 F-A

238

Alabama Cent iHee Ho Ry
laba Midi Hee At Coast Line
Albany <&Uu8Q 6ee I>el<is Hun
Allegheny Valley aee Feuu Kl<
.4.rbor 1st
Atoh <& S Fe

of Ga (Continued)
Chatt Div pur mon g 48.1951
Mac <fc Nor Div 1st g 63.1946
MidGa<fe Atl Div58....1947
1946
MobUe Div Ist g 58
Cent of N J gen'l gold 5s. 1987
Registered..
ftl987

Am Dock<fc

1061a
10434 105^8
1321a 133

Knilron.d

astin

106

104

101 la Jan '05

102 Hj.
102
100

J-J
J-J
Small
Virginia fund debt 2 3s.. .1991 J-J
6s deferred Brown Bros ctfs.

&

1

1041a 104^8
1041a 10538
10334 10434

993(

93 1„

931k, Sale
kese are pi ices

1901 J-J

IiOuisiana new consol 4s. .1914
Nortli Carolina consol 48.191U
19111
6s
1933
8o Carolina 4 HiS 20-40
Tenu new settlement 3s. .1913

Ann

January

STOCK EXCHANQB
Week Endino June 23

N. T.

CI168

101 Sale
991s Sale
92 Sale
106^4
^4 Sale
100^
1^4 Salt

K-A
M-S

n

A 4 to 5. ...1906

Currency tuuiliug 4s
Dist ol Columbia 3'65s

Alleg

BONDS

Jlange
Since

High No Low High Central

103 "a
lOliaDec'04
104 IO415 104 J'ne'05
105 106 S 10434 Apr '05
132 132^2 1321a Mar'06
132 >2 133^ 133 J'ne'05
103
109 J'ne'05

Q-J
Q-J
Q-F
Q-F
Q-F

1954 J-D

1904

Stnte Secnrilics
Class
Class

t%
~
'-

104i2J'ne'05
1041a 105
104 I04I4 104
104
104 104 >a IO414 I04I4
107 J'ne'02

2il

Alabama

IO4112

|t3

Government

Forelffti

of

Last Salt

Low

104

Q-J
Q-J

Japanese Govt 6s sterl'g.lOll A-0

Gold 48

We^tcfs

Bang* or

Bid

GoTcmment

V, S.

Jttet

Friday
June 23

117 May'05
1151a Apr '06

"

MUw&

185
11538
106=8

HI

110
11634

11-^18 11218.

11618 il6l8
I26I4 12914.
991a 101

Il7iall8
117 117

llliall3

ioi"

i

ioo'i^

18 i'uiiii3ii
.
.

117

.

lloifllieia

lli'»8

104iaNov'04
105 la May'04
105 May'05
110i4Mar'05

10418 1071a
11014 UOI4

127'8J'ne'06

127'8l30

119i4Nov'04
1421a Feb '02
1311a Jan '05
103 Apr '04

1311a 131

Sep
Apr'05
May'05

la

'03

109
123''e

123
107
107

1221a 126
123 123

lu7

Jan

104141071a

'03

95"

97

961a

"991^

lOlUSep

'04
J'ly '04

97
96
93
94

,

.

,

i-i

,

Mav'04
May'O 1

Dec '114

90

May'04

8O34
761a

Sep

94

82

1..

1129

943^ ioi

14

79

85

'1)4

901a

97'8
11534

110i(,.Apr'05

110

Apr'05

il5

115

109i4."Vlay'05

109

11034

90
117

944
1204

115

lUl&iCEta^ANEUUsi BONUss—Continued on Next Page.
Street UaiUvay
Brooklyn Rap Tr g 5s
1945
refund
lat
conv g 43
2002
Bk City Ist con 58.1916, 1941
Bk Q Co S con gu g 5s. 1941
Bklyn Un El Ist g 4-58.1950
Kings Co El Ist g 4s.. ..1949
Stamped guar 4s
1949
Nassau Elec gu g 43
1951
ConnRy<feLlst<ferefg4ia8'51
Den Con Tr Co Ist g 68. ..1933
Den Tram Co con g 68.. 1910
Met Ry Co Ist gu g 6s. .1911
Det United 1st con g 4ia3.1!i3'-'
Havana Elec consol g 58.1952
liouis Ry Co Ist con g5s..l93ii
Met St Ky gen col tr g 58.1997
<fi>

Bway<fc 7tli Av Ist eg 5s 194:;
Col<fc9lliAvl8tgu g 58.1993

•No price

A-O
J-J
J-J

1081a 109
89=8 Sale
10914

M-N
F-A 110
F-A
93

P-A

llOia
....

J-J

93
89

J-J

lOlis....

93

A-O
J-J
J-J
J-J

FA

95 la
93

.VI-

89

109

89

101 la J'ne'O.'.
95 J'ne'OO

95
93

1141.^,

UOWj.

11634 J'ne'05

119

1204 May'05

Friday; latest price thi» week.

.

5 IO8I4 11234

<fe

95
93
109
116

95

J-J

F-A
J-D

Sitreet Railway
Met St Ry—rConjRet g 4s2002
Lex Av P F l8t gu g 58 1993
8934 176 83 14 89 '8
Third Ave BR cou gu 48 2000
10838 10838
108^ May'06
Third Ave Ry 1st g.58.. 1937
106 106
106 Feb '05
10914 1131, MetWSEl(ChicU8tg4s.l938
11038 11038
MU
El Ry & L 30-yr g 5s. 1926
934
92
93
93
914 96I4 Minn St Ry 1st con g 58. .1919
93
931a

109
88

aDueJan

87

91

98

1014

95

964

924

94

Mar'OC
116

d Duo Apr

114

120''t

11634 1204
11938 12134
«

Due

.Uay

A-O

91 1« Sale
118=8
97 4 Sale

120

J-J
J-J

119

1

F-A
F-A

109

J-J

109^8

MS

St Jo RyLt H<feP 1 St g 5s. 1937 M N
St Paul City Cab con g 58.1937 J-J

Underground Elec Rys of Lon
don Profit sharing 5a... 1908 J-D
Union Kl (Chic) Ist g 5s. .1945 A-O
United RRsSan Frsl 4.S.1927 AO
United Rys St L Ist g 48.1934 J-J

W Chic St 40-yr cons g 5s. 1930

100
114

914

9034

120

9634

97

170!
1

974
11641184

4

94^8

18 14 Apr'05
95 Feb '05
106 Oct '99
106 4Nov'04

115=t 110

99

96

97

1004

J'ly '04

98
984 98 '8
984
109 4 Dec '99
89 14
8818.
8914
89 May'05
884.

.M-N

90

15

87 14 91
8518

89=8

Dec '97

(aRs and Electric Light
Atlanta G L Co Istg 5s... 1947 J-1

gUao.i'uo

/iL)uo.j'ljr

fc

Due Aug

Duo Oct

p Due

Nov

sOption sale

.

Bond EeCOrd

2C08
BONDS
STOCK EXCHANGE
Week Ending June 23
St L See Atch T & Sa Fe
Clue
Chic St L & N O iSec 111 Cent
Cliic St L & Pitts See Venn Co
N. Y.

WeelCs

Range

Range or

Since

Last Sale

January 1

<fe

Clucago Ter Trans g 48. ..1947 J.J

Coupon oil
\Ve8tlndpenp6s?1932 Q-M
Mich See Pere Marq
Clue &

W

ChocO&GuU &eeCKI&P
Cm H & D consol 8 I 78. ..1905
1937
2d gold 4'-!S
Cin D & I Ist KUg5s...l941

W 1st gu g 4S.1953
CrstL&C SeeCCC&StL
Cia

I

<fc

Cln S & G See C C C St L,
ClearHeld <fe Mah See B R <fe P
Clev Cm C & St L gen g 4s 1993
Cairo Dlv Ist gold 48
1939
MDiv 1st g 48.1991
Cin
Bt L DlT iBt col tr g4s..l990
Registered
1990
Spr & Col Dlv l8t g 4s. .1940
Val Div 1st g 48. ..1940

W&

W WSt
C

I

1j

<fe

C consol

68.. 1920

fcl936
Kegistered
Cln S & CI con l8t g 58. .1928
1914
C C C & I consol 78
Consol sink fund 78
1914
goldes.
1934
General consol
1934
Begistered
Ist pref 48.1940
Ind Bl &
Ist pf 5s...<a938
O Ind <fe
Peo <fe Ea.st Ist con 48. ..1940

W
W

<fc

Ask Low

Migh Ko Low High

J-J

M-N
J-J

136
137
93 Dec '03
nS'^sApr'OS
1'1S)\ Mar'04
125
125
97
97
95
9o

136
93
I34I2
,

Sale

94 14 95

lllSjUo

114'3

116

8 133T8138

135

.

U7»8.

13678

23 14 mi,;
86 14 99
84»8 97 14
1141a 116

i

114»2

J-J
J-J

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

M-N

n
J-D
J-D
J-J
J-J

A-0
Q-J

A-0

102
101
101
102

Sale

1915 J-D
1915 J-D
2000 J-D
N Y Lack & Ist 68.. .1921 J-J
Construction 5s
1923 F-A
Term & improvers
1923 M-N
Syr Bing <fe N Y 1st 78. .1900
warren Ist ref gu g 3 ^28.2000 F-A
Pel & Hud 1st Pa Div 78.1917 M-S
Registered
1917 M-S

guards

Registered
1st ref gu g 3»2S

W

AC

1st 7s. 1921

A-0

AO

M-N

Del Riv RR Bridge See Pa RR
PeEV.fc R Grist con g4s. 1936 J-J
Consol gold 412S
1936 J-J
Improvement gold 5s. ..192)-. J-D
Kio Gr West 1st g 48. ...1939 J-J
Consol and col trust 4s 1949 A-0
Utali Cent 1st gu g48 al917 A-0
Eio Gr So gu See Rio Gr So

102
102
101 May' 05
100^8 Mar'Oo

101
104
10034 101
98i-jl003f

102
100

100'8l03'e

102

W

Det Sou 1st g 48
Ohio Sou Div 1st g

199J J-D
1951 J-D

MS
Dnl& Iron Range IstSs.. 1937 AO
4s. ..1941

1937 A-O
1916 J-J

Eejiiatered
2d 68

Dul So Shore & Atl g 5s. .1937 J-J
17a8t of Minn See StP M cfe M
Jast Ten Va & Ga See So Ry
El^n Jol & East Ist g 58.1941 M-N
Elm Cort <fe No See Leh & N Y
Erie Ist ext gold 4s
1947 M-N
2d ext gold 68
1919 M-S
8a ext gold 4>2S
1923 M-S
4th ext gold 58
1920
Jth ext gold 4s
192^
let consol gold 78
1920
let consol g fund 78
1920
Brie Ist con g 4s prior. .1990
Registered
199G
1st consol gen lien g 48. .1996
'
Registered
1996
Penn coll tr g 4s
1951
60-year conv 4h
1953
Butt N
Erie Ist 73.. 1910
Bttft& S Wgold 6s
1908
Chic & Erie Ist gold 58. .1982

;

A

Y&

AG

Oct '04
Feb '05
•J4ia--^ug'03
105 Jan '04

<fc

Imp

Y

Sus

&

134*4 138

135

May'05

134

135

9934

9934

Dec '04

104^1 Nov'Ol

98'a
9814

100 14

IOOI4
7334
11212

74Vj Sale

98

100 14
7412

75'8J'ne'05
9438
94^J

753.

94 >4 91 "2

101

711a 84

Feb '04

lieiaJan'OO

119^8.

1161a II6I2
73S4

32

Mar'05
May'05

108
127

12838

1283b J'ne'06

127 Sale
97
ISOHj Sale
II3I4
102 "-a
lOd'eloeia

127

you

77
961a

13334

lOSV,

.

12934

130

May'05

129i«130ia
11218115
103 105

105 Hi

1051a 1071a

Feb '03
May'Oo
Aug'Ol

"i 103=8 IO3I4 J'ne'05
10218....
102 J'ne'05
I3918....
142i2Mai'05

103

U2ial42ia

102 41 Sale 102
IO212
108
108 Apr '05
108 108 J'ne'05
100
10034
101

WUk&
&

91
il

J'ne'05

105

'04

115

119

115

"4

IIOI4

A'o

Low High

92

3 I2318I24I4

1061*11013
114 H6

113\

lU

1081a

IUIq

91 la

85

10513 102 la May'05

102

91

H4Hj.

11334 J 'ly '04
llOia J'ne'05

,

,

F-A
A-U
J-D
J-J

9578 Sale
105 Sale
124 12618
107 •«

M-N

121

88

123

102»8
134'a
....
....
....

109
109

J-J
J-J

FA

I

911a
la

105 W

10334
941a

Nov'04

lumie

116 Apr '05
102 In May'05
110 la May'05

102 la 1021a
109 111
117iall7i2

117 la Jan '05

10 14 J'ne'05

108iall0i4
109 '8 10976

114
114
1131a...,
66
701a 69 J'ne'05
1731a Sale 169 <4 1731a

113

„.

1st consol gold 48

General gold 48
Ferry goId4i2S
Gold 4s

100

MN

1093^

.

City (Mo) Gas let g 58 1 922 A-O
99
KlngBCo El Lcfe P g 6a.. .1937 A-O 109
Parc)ia«e money Os
199 A-O 1221a.
Kil Kl II likn ImcoD g4a 193
J-J
061a.
.

118
73
I8714

103

Nov'08

109

112

IIOI4 J'ne'Oo

IIOI4

.

.

82

.

941a.

90

lOlialOlia

105" iofia
104ial08
103 103

J'ne'05
J'ne'Oo

105
103
106i2Mar'03
9534 May'05
123 May '99
86 Jan '05
85 Nov'04

8214.

....

10618....

lie*

i03"i03"*

ifl

la

9434

9618

851^" 86"*

96 Mar'05
101 la Oct '99
100 Nov'OO
109 ifi May'05

9513

96

109 la 109 19

124i2Apr'04
1031a 90 Nov'98
12368-...
124
124
12068....
11934 Mar'04

121158 --..

9414....

100
,103

109 14
107 '4
lOOia

120
102

1-22

'iii'^

125"

9368M-ay'04

110i2Jan'05
103 Nov'04

llOiallOia

108 Mar'04
107i2Dec'02
100 la May'Oo
120 Ha May'Oo

85

M

71

Sale

85

Apr'05

7078

71
Oct '00

63

N

119

....

Ii7ia-...

116

1121a Sale

110

^

1191a

UOia

9968 10019

119141221a
100 10314
7038 81
112iall6
88
85

69

7Bia

70

1171a 119'4

Feb '05

1126911014
11713120

10969 Apr'05

IO8I4 10963

112
105

la

112

Jan

'•i

110iall2ia

'04

11914 May'05

11712119=8

09 12 Oct '99
115 J'ne'05
99 Jan '06

115
99

1

1141a

99

1 19 Wj J'ne'Oo
II6I4 Apr'Oj

11818 120

102

105»8.
IO414.

1061a Nov'04

Q-

1151a

H7ia Apr'05

101
100 la 101

7il931

1938
1922
1932
1949
1934
1949

101 J'ne'OS
105 Jan '05
98
9914 Oct '04
1011410134 101 14 101 14
110 J'ne'04
101 1021s 10214 IO212

lOlia

115
i'i

NY

10439
11312

M

RB

11119114
112
106
119 Si 120
119

Ist g 53
1927
Nor ShB Ist con g gu5s ol932
Louisiana cfe Ark let g 5s. 1927
Loulsv cfe Nashv gen g 68.1930
Gold 58
1937
Unified gold 48
1940
Registered
1940
CoU trust gold 68
1931
6-20-yr col tr deed g 48.1923
E <fe Naeh Ist g 63.. ..1919
cfe

10434 Sale

109iaFeb'05
100 May'06

.

123 J'ne'06
94 la Apr'05
i*

O212

105i4Mar'03
112 Mar'02
11i3b May'05
109 Nov'04
106 14 Apr '06
119 J'ue'05
11834 Maj'O.'i
10434
105 iji

10178J'ne'04
115 Apr'05

99 Is Sale

H

1146g

on Next Pase.

lOl
105

1021a

105

,,

100 14 103

.:

ioi'iiibssi

11188111^
104i9i057j
119 122
117 119H|
22 1021a 106 If

llM'ellS

•

NYGELllcfcPg

6s.. .1948
Purcliase money g 48. ..1949
Ed El 111 1st conv g 58. .1910

J-D
F-A
M-S

1906 J-J

......

lOSHiSalc
92
0214
104^...,.
119
99 107 18

MS

108''8

16 108 109*4
105 19 1061a

IO8I4

108 Hi 24 lOSiiUlHi
92 14 12 92
97'4

IO912
105 Hi May'Oo
92 Mtty'05

92

104%

1041a

llOHiApr'OS
106
103

Mfty'05

124

l'24

May'OS
106i4Mav'05

cfe

124

10713 1071..
Sale ioy>3 1093^
10713 109 May'Oo
1041a 107 19 Apr'05

108

109\
106
97ifl

10913.

I

n

"i't'X!

LacGa8LofStLl8tg58.el919 Q-F 108»4
Bel and ext Ist g 6s
1934 A-0 105
MUwaukee Gaa L 1st 48.. 1927 M-N 91

:

'!

9834
99% 140 9712 100"%
II414II7
11414 J'ne'Oo

Electric Kight

Poo Gas cfe C let con g 68.1943 A-0
Refunding gold 58
1947
ChG-LcfcCkel8tgug58 1937 J-J
]09ial09i2
Con G CoolChlstgug58.'30 J-D
100 100
Mu Fuel Gns let gu g 6s. 1947 M-N
Syracuse Lighting let g 68. '61 J-D
12418 127
Trenton G cfe El Ialg5a..l949 M-b
941a 941a Westchester Llght'g g 68.1950 J-D
891a

Deo '00

117>«H7ia

1074

cfe

61 la Oct '01
91

bW and aakeU thU week. aDueJan

1063*

IIOH.

N Ycfey El Lcfc P 8t con g 681930 F-A
N Y Rich Gas 1st g 68.1921 M-N
Pat
Pus G E con g 6s. 1949 M-S 106%

91

10734

103

iod" i03'

96
109

Unified gold 48
Debenture gold 5a
Guar ref gold 4s
Bklyncfe Mont Ist g 68. .1911
let 58
1911
N Y B cfe B Ist con g 58 1935

cfe

90ie.

99 103H
98i4l01i«

1011,.

1950

cfe Caney Val
See Mo P
Long Dock See Erie
Long Isl'd— lstcong5s./!.1931

BONUS—Continued

113
66
169

10234 J'ne'06
105 J'ne'03

112

112

112

Sale 101 la 102
7912 80 J'ne'05
11234 J'ne'05
1121a 113

1

J-D
F-A
F-A

2

105i2J'ly*04
103
103

I0314.

W

Ist consol gold 58

M-S

101

Leroy

109'eJan'06

102 "e 103

103H 625

101

.

N

9514
9414 9712
95''e 209
1031a 105 145 9534 111
126I2 Mar'05
1261a I26I2
110 Mar'05
105 110
1221.^ J'ne'05
1201a 1231a
10234 J'ne'05
10234 105
l34iaJ'ne'06
I34ifll36ia
lis J'ly'04
116 J'ne'Oo
lie il6
117 Jan '05
117 117

1

Sale

1051a.

2d gold 53
1909
3d gold 4s
1921
Iowa Central Ist gold 58..1938
Refunding g 48
1951

97

10238 103^2 41 100
9812 Jan '04
9439 ii3 91
94

9414 Sale

10294

113iaMar*00
102 1041* 103 Apr'05
94 Mar'u3
V.'.V.'.ioi'^j lOliaMay'OS
70 Oct '04
107
106 May'05
10534
102 Oct '01

GreatNorlstg6s..l919

Gas nnd
M-N
A-O

112

N

May'06

114 "a J'ne'05
103 Feb '05
134 12 May'05
130 Aug'03

Sale

bale

,1041a 1041a J'ne'Oo

W

See
<fc St L
Knoxviile cfe Ohio See So Ry
84
Lake Erie & 1st g 5s. .193
961-j
2d gold 5s
1941
North Ohio Ist gu g 5s.. 1945
114 116
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coU g 5s. 1997
1111311514 Leh Val N Y 1st gu g4i28.1940
Registered
1940
Leh V Ter Ry Ist gu g 58.1941
Registered
II718I2O
1941
Leh V Coal Co Ist gu g 5s. 1933
Leh cfe
Y 1st guarg4s.. 1945
107 107
Registered
1945
107iall0i2
ElCcfeN 1st g 1st pf 63.1914
Gold guar Ss
II412II7I2
1914
Leh cfe Hud B See Cent of
101 la 103
J
Leh cfe WUkesb See Cent of N J
133 137

119iaMay'06

.

107

115
110
115

103

W

Kentucky Cent See L cfe

J'ne'05

lOS^a.
10634

H

Keok cfe Des Mo

96
70
90

May'05

116

115>8..

Kttii

l«t«et

Mar'98

Han

Registered

96Ja 9912 100 Sep -04
96
961a 96V2Apr'05
81 34 Mar'05
9212 93
93 May'05

103

AO

Sep

110

cfe

Mo prloe JTrlday;

124
110i2May'05
114 Apr'05
104 Oct '04
114 Apr'05

124

105

1921

Registered.?!.

KCcfeMRcfeB SeeStLcfeSF
Kan C <fe Pacific See M K cfe T
Kan City Sou Ist gold 38.. 1950

Gdh nnd

•

High

M

Jan '02

niliiiCELXLANEOLIH

EdEUllllku SeeKCoELcfeP
Ed E lU See N Y G E L H <& P
« LN Y let con g 68.. 1932
fqq G cfe Fuel See P G cfe C Co
Saocfe KlecUerg Co eg 68.1949
Geu Klectnc deb g 3t.j8..1942
6r Rap G L Co let g 68.. .1915
HudMon Co Gas Ist g 5s. .1949

January 1

M

,

1301a

Eal8tgug58.1942 J-D
PitU See Penn Co

Electric liiftht
Bklyn U Gas laX con g 68.1945
Putlalo Gas Ist g 53
1947
DouKOlGasconvdeb 68
1909
Consuin Oa« See P G cfe C Co
Detroit City Gaegos
1923
Pet Gas Co con 1st g 68...191H

GUa V G Nor See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Rap Ind See Penn RR
Gray's Pt Term See St L S W
Gt Nor— C B& Q coll tr 4s 1921

100 102 12
108 IO912
108 110
Jefferson RR See Erie
98i«10l
Kal A cfe G R See L S cfe S
04 12
an <fe Mich See Tol cfe O C
89
K C Pt S cfe
See St L cfe S F

,

'Wi

IIOI4

126

127

130ig 1301^
11218 May'05

104

108

12838 13134

127

102
184
149

101>al04
109 110
118 ....

Erie

3;i?

SeeSoPacCo

Intcfe

II414

2d gold 412S
193 F-A
General gold 58
1940 F-A
Xernilnal Ist gold 5s.. .1943 M-N
Regis §5,000 eacli...l94 M-N
g 68. 1910

A

loeifi

112

J-J
J-J
J-J
J-J

gu g 58.1946 M-N

J 1st

S

ib's'ii

J'ne'05

II7I4....

MldllRolN

&

102

114
123

9934

.

M-S
M-S

Ist cur 68. .1913 J-J

W 1st ret 68.1937

al

i03i4

115
l^lia.

J-J

Jf

Since

iVd" Sale 110
911a

.

I3412

lOOialOlia

114 V,.
105 .

RR I8tgug58....al909 A-0
liOng Dock consol g 68.. 1935 AC
Coal & RR 1st cur gu 68.1922 M-N

N Y & Green L

<

IO5I2
1151a

M

M

W
W
Har

113

134

lOlJigJ'ne'OS

J-D

JeB

Dock

1231a 125
10912

Greenbrier Ry See Ches <fe O
Gulf <fc S 1 1st ref cfe t g 58 61952 J-J
<fe St Jo
See C B cfe Q
onsatonio See N Y N H cfe H
Hock Val l8tconsolg4ia8.1999
Registered
1999
Col cfe
Vlatexlg4s..l948
Houst E <fe
Tex See So Pa«
Houst cfe Tex Cen See So Pac Co
Illinois Central Ist g48..1951
Registered
1951
1st gold 3ia8
1951
Begistered
1951
Extended IstgSiaB
1951
l8t gold 3s sterling
1951
CoU Trust gold 4s
1952
Begistered
1952
L N O cfe Tex gold 48 ...1953
Begistered
1953
Cairo Bridge gold 48
1950
I-ouis ville Div gold 3 las. 1953
Middle Divreg5s
1921
Omaha Div 1st g Ss
1951
St Louis Div gold 38
1951
Begistered
1951
Gold3i28
1951
Registered
1951
Spring Div 1st g 3ia8...1951
Western Lines Ist g 4s. .1951
BeUevcfeCar 1st 6s
1923
Carb cfe Shaw Ist g 48... 1932
Chic St L cfe N O g 58. ..1951
Registered
1951
Gold 3ia8
1951
Registered
1951
Memph Dlv let g4a... 1951
St L Sou Ist gu g 48.. ..1931
Ind Bl cfe West See C C C cfe St L
Ind Dec cfe
1st g 5s
1935
Istguar gold 58
1935
Ind 111 cfe la 1st g 48
1950

DesMol&FtD SeeCR&IP

Des M & Minn See Ch <fe N
Des Mol Un Ry Ist g 5s.. 1917 M-N
Det M <fe Tol See L S & M So
Det & Mack Ist lien g 48.1995 J-D
Gold 48

& T H l8t cons 68.1921
Istgeneral gold 58
1942
Mt Vernon Ist gold 6s. .1923
Snll Co Branch 1st g 58.1930
Ev<fe Ind 1st con gug6s..l926
<fo St P
tfiargo & So See Ch
lint <fe Pere
See Pere Mar
Fla C cfe Penin See Sea Air Line
B'ort St U D Co Ist g 4I28.I94I
Ft
& Den C Ist g 68.. ..1921
Ft
& Bio Gr l8t g 48. . 1928

Tal H <fe H of 1882 Ist 58.1913 A-O
Georgia & Ala See Sea A Line
115%119
Ga Car & Nor See Sea A Line
98
991a Georgia Pacific See So Ry

99
100 "4
104
10118103

Conn & Term See N & W
Conn & Pas Rlvs let g 48.1943 A-0
& Gt So See C M <fe St P
Dak
aUas & Waco See M K & T
Del Lack & Western 7s. ..1907 M-S 10938
127
Morri8<fe Essex Ist 78. ..1914 M-N 126

1906

Ask Low

^

Col

Guar gold 68
Reus & Saratoga

or

Last Sale

<fe

J-D

AO

Mh6o Su8lstcongu78.190G

Range

n'eelc's

Range

<fe

Clev & Marietta See Penn RR
Clev & Malion Val g 5s... 1938 J-J
Clev & Pitts See Penn Co
1947 J-J
Col Midland 1st g 4s
Colorado & Sou 1st g 4s... 1929 F-A
Colum <fe Qreenv Sa So Ry
Col <fe Hock Val See Hock Vai

1st consol

Price

Friday
June S3
Bid

/

104i2DeC'0
113 Oct '00
11538May'0c
99 May'Or

100>4.

1990 Apr
116
WTi con Ist g 5s. 1933

lncome48
01 Lor

AO

_../cl936 Q-F

Ist gold 48

BONDS
STOCK EXCHANGE
Week Ending Junk 23

N. Y.

Evans

134
Kor Wisconsin Ist 6S...1930 J-J 124»4
St P <fe S City 1st g 6s. ..1919 A-0
97

Cluc<fe

Vol. lxxx.

2

|

M O con 6s... 1930 J.D
Cons Gs reduced to 3Hi8.iy3i» JD
ChStP& Alinn IstgGslOl M-N
P

Price

fYiday
June 23
Bid

<fe

Clue St

—Continued—Page

110
113

9214

92

10 103i8l05»4
llSHjlia't
105 108
103 103
I06i4l06l«
1283^ 1271*
1071a 109
108 110

10714110
105

la

1071a

May'06

no 112^

Jail '05

IIII4II3

Dae Feb dDaeApr «DueMay ADuaJ'lr *DueAng oDaeOot gDueDeo »Optioni«jU

—

j

Bond Record— Continued— Page

;juNE 24, 1905.]
i;i>M)s

STOCK EXCHANGE
4^
Week Endino June 23

K

Y.

Lonisv
li

Cin

N

O
O

N

Lex

<fe

g;old

4^28—1931 M-N

M

M

N

M-R
M-S
M-S
M-S

112

114

I21I4

114 114
121l2l2il2

Nov'99

10134 May'05

J-J
F-A
F-A
F-A

96'8 y6>.j J'ue'05
II6I4....
115 Mar'05
II2I2 Mar'05
llS^e....
115^4 Mar'06
114«8....

AG

99I4....

See Erie
See Chic &
Mil L S <fe
Mad See Chic &
Mi!
& St P
Mil & North See Ch
Minn <fe St L, Ist gold 78. .1927
1909
Iowa Ex 1st gold 78
Pacific Ex Ist gold 6s. ..1921
South West Kx Ist g 78.1910
1934
1st consol gold 5s
1st and refund gold 4s. .1949
Ft D 1st gu 4s.. .'35
Des
Minn St L gu See B C R & N
StP S S JI con g 4 int gu "38
SS
A 1st g 4 int gu 1926
Minn Un See St P
Mo Kan Tex 1st g 4s. ..1990
2d gold 4s
ffl990
1944
Istext gold 58
St h Div 1st ret g 4s. ...2001
1st gu g 58... 1940
Dal
Kan O <fe Pac 1st g 4s. ..1990

&

W

M

M&
&
&
M&
&

M
M

1041a
104 Apr'06
108iaJ'ne'06

108 14 109

J-J
J'ly
J'ly

78 Sale
20I2 21 -J
12 Si 13 "i

63
2134 145
84
13
78

7634

FA

J-D
J-D

is>ia

12

19
11

Wb

94 "a 98

9612
90»8J'ly'01
(leSj

May'OO

105

Ua

1361a....
10834
II9I3....

Dec '03
10834 111=8

I20I4I22

luifliie

114^4 J'UP't)5

U412

J.J

9713 98

110

97J2

96»fl

J-J
J-J

J-D

lOliiSaOf
8614 87
lOSi^Slrte

F-A

FA

J-J

IOII4
86I2
86
105 14 105
90'2J'ne'05

90 Kj 92

II214IU
Sale

l'.-'258

107^

107
108
9718

107
lie's Sale

109 1.^

107V
10838

108i«

107

108i«

98
Mai'05

II012

95
98
IO4I3IIO
103 105 •«

1^4

32

94
94

9638

98

124

1951 A-O

81

114

91I2

117

100 14

11434

Apr '05

95
101

Feb'05
Nov'04

991^4

la

11334 llS'e
95
95

I

N

K J J unc RR See
New & Cin Bdge See PeuuCo
N OcfeN E prior lien g 6sjj19151 A-0
See L
N Y Bkln & Man Bch3ii2S.1997
J-J
N Y Cent & H Riv g

1997 J-J
Registered
1934 M-N
Deben g 48
Lake Shore coUg 3i28...199b F-A
199s FA
Registered

Mich Cent

g 3iv!S....199»
1998
Registered
Creek
ist
gug 48. 1936
Beech
1936
Registered
1936
2d gu gold 08
Beech Cr Ext Ist 3 SiS !(1951
..1981
Cart & Ad Ist gu g 4s.
Clearf Bit Coal Istsf 48.1940
Gouv&08welstgug5s 1942
coll

-j

FA
FA

J-J
J-J
J-J

& Mont Ist gu g 58.1916

'.25I2

115

122
115
121
1 17 14
113

116

1207a
116-8.
115 14.
.

1926 J-D
J-J
J-J
J-J

M

J-J

J-D

105 107 107 '-2 Feb'05
1041a 106=8 1041a 105
101 Mar'04

I07ia]07'a
104 106

Apr '03

1251a.

13134

104

Sale

1031a 104
103 la Jan '05

25 103 106%
103ial03ia

IO918
1311a
I3214
12978
102 14 Sale

lim Feb'05

lll\illl'4
133121331a
1321a 13234

95

Sale

I0914

33 ^ Jan '06
132 la May'05
132 12 Dec '04
102
IO214
1

12 100

103

Sale

105
77i4Salit

'99i^ioi"

Wash Cent 1st g4s
1948
Nor Pac Ter Co l.st g 6s. .1933
Nor Ry Cal See So Pac
Nor Wis See C St P M & O
Nor & Mont See N Y Cent
See C C C & St I
OInd &

101

921a
116=8

W RR

hio River
1st g 58.1936
General gold 5s
1937
Ore & Cal See So Pac Co
Ore
& Nav See Un Pao
Ore Short Line See Un Pao
Oswego Rome See
St P See C
) C F
Oz'rk Cher C 1st gu 5s g.l913
1940
IJac Coast Co 1st g 53
ac of Missouri See Mo Pac
g4i2S..
fund
Panama Ist s
1917

10512
10434

10014

44 10434 10684
20 103121051*
773s 26 751a 78

106

1043.1

77
74 12 May 1)5
100 Mar'05

112

108 «8

100

.1434

37 )4i2 9779
96
95
109 10913
109 la Feb '05
101 14 101 14 "i 100 103

74^2

100

125i2Apr'06
132 J'ly '99

12534
II8I4
11379

St Paul & Dul Ist 58.. ..1931
2d 5s
1917
Ist consol gold 4s
1968

10439

'-2

101 14 Sale

Begistered certilic's..l923

1141a.
Ill .

14

J'ly

76»4

101

12512 126'^

'0.^

108 Apr'06
100 14 Apr'Oo
921a Apr'05

10734 109
9978 101
921a 921a

11638 J'ne'05

115

llS'iFcb'Oo

II8I4IISU

llliaJ'ue'Oo

Illi4ll3"4

1161a

RR

&
&

NYC
W

&

&N

9934 100=8 100
111^8....
112

10334

ggi^ioou

J'ne'05
J'ne'05

112

11513

1921
Guar 3 las coll trust reg.1937
Guar3i2Scoll tr ser B...1941
Tr Co certLf's gu g 3128.1916
C St L <fc P 1st con g 58.1932
Registered
1932

II7I4U7I4

J'ly '04

83I4

991*10012
1 00 14 102=8
9-2
138 9934 93
Sale
9134
903g
goia 27 89
911-2
9118 90 14
1
8914 911*
90 14
SyiaMay'Oo
90
89
8912
1 07 12 Feb'05
1061a 107 12
102 Mar'04

WH

90
90

110
92

Series
Series
Series
Series
Pitts Ft

2d7s

.

96

103
105

106

1942
1942
1945
1949

Apr '02

107 "a J'ly '00
105 Oct '02
106 Mar'05

103

96
102

94

9834
11734 120

Jan '04
Nov'OO

Apr '04
113 II418
112 Si 11334
II212II3
103 103

J'ne'O
11234 J'ne'05
1121-2 J'ne'oO
103 J'ue'05

93

93 May" 05
127=8 Oct '02
121 Mar'04

118

119
107

Sale

103=8

9378

Apr'04

Feb "05

Ulia Sep
lo3

94
97

113

1912
/il912

RR 1st real est g4s.l923

D R R R & Bge 1st gu 48 g.'36
Gr R & I ex Ist gu g 4i2S 1941

107

.

93=8.

Consol BterUug g 68
1 905
Con currency 6sreg...j^l90o
Consol gold 5s
1919
Consol gold 4s
1943
Convertible g 312S
1912
Alleg Val gen gu g 48. ..1942
CI & Mar Ist gu g 412S..1935

.

.

9734

9S34

g
W & C 1st 78.
..1912

3d 7s

Penn

.

.

B guar
D 4s guar
E 3ia guar

C guar

97

IIOI2IIII4
106 106

108i4A\ig'03

106 14.
112 la.
1121a.
lllia.
103 '8.

PCC&StLgTi4iasA...1940

lOO^a

"a.

1161a.
11519.

N&C Bdge gen gugiias 1945
99''8

97

II918.

CI & Pgengug4i2S8erA.'42
Series B
1942
Scries C 312S
194S
Series D312S
1950
3
Eriecfe Pitts gug I28B. 1940
Series C
1940

105isl05ie
7934

*

10212I04

103 Apr'05
102 Apr'02
lio^a J'ne05
106 7) an '05
102 Nov'98
94 J'ne'05
97 May'05
120
120

,

Registered

II4I4II7
119 121

Apr'Oo
Mar'05

100 12 100^8 10034 100^8
100 Apr'05
lOO^g 101
26
lOO's 101

106

107

'04

106 Aug'03
I0II3 103
244 10114 107
102 Nov'97

110
102

110

IIII4

llli4J'ne'C5

9714

110

98iaMay'05
92 Dec '04
109 Oct '99
1091a May'05

10413

10,514 J'ly'03

llli«113

113
10434
105 Lj
no I4 Mar'05
J'ly
103
'04

Jan

'05

110

110

ili"iliia

on Neict Page

Telegraph and Telephone

1071a.

.104
95
711a Sale
70 Sale

1071a Oct '04
105 J'ne'06
102
85 May'05
85
84
871a Apr'05
71
72
66 68
6918
701a 281 661a
107=8 Dec '04
102 la J'ly '04

Am
1051-2

90
89 <2
76 14
721a

& Tel coll tr 43 1929 J-J
Ist g 48. .2397
Erie T & T col tr g s f 58. .1926 ti
MetT&Tlstsf g58
1918 M-N
NY

99 "a Sale
110

•'9

110
112=8 11312 112
102
94
1043(,

Sale

871a

*J{o price Friday; latest bid and aakdd ttus week,

10612 107

9313100

991a
J'ne'05

109 lain
11034 112

May'Oo

Dec '03
May'05
89
a

<fe

N J Tel

gen g

103

36

Dae Jan

86
6

105
931a

Due Feb

58. .1920

M-N

West Union col tr cur 58.1938 J-J
Fd and real est g 4138. ..1950 M-N
Mnt Un Tel s fund 68. ..1911 M-N

NorthwTelguf

May'97
1021a Oct '03
107 May'05
105 Oct '00

104

Telep

*

Comra Cable Co

107

1 Co gu g 6s.l910 FA '105
89
Iron Coal& Co Ist g 58.1949 M-S

DeBarC&

T

A-0

1191a

U7iall9^

.

9934 J'ne'04
100 J'ne'05

WW

llS'alie

Gr Kiv Coal & C Ist g 68. .1919 A-O
& Clear C & 1 1st g 5s. 1926 J-D

Ist s f g58.1951
Pleas Val Coal Ist g 8158. 1928
1951
Xeun Coal gen 58
al917
Tenn Div 1st g 6s
Birm Div Ist consol 68.. 19 17
Cah C
Co 1st gu g 68.1922

Riv gug4s. 1922

W

120Tg 123

J'ne'05
J'ne'05

10618 105 ig May'05
" J'ne'05
81 iv 8O34

Jetl

2d gold 58

118

11734 11734
11334 Jan '02

107

g5s
1941
Norf <fe West gen g 68
1931
Improvem't & ext g 68.. 1934
New River Ist g 6s
1932
N <fe Ry Ist con g 48.1996
Registered
1996
Div'l Istlcfe gen g4s... 1944
PocahC<fe C Joint 4s. .1941
CC<feTl8tgug6s
1922
Scio V<feNElstgug48 1989
North lUinois See Chi & N
North Ohio See L Erie <&
Nor Pao— Prior lien g 48. .1997
Registered
1997
General lien gold 38
a2047
Registered
a2047
St Paul-Dul Div g 48
1996
Begistered
1996
C B & Q coU tr 48 See Gt Nor
Bt P<fe N P gen g 6s
1923

MISCELJ.ANEOUS BONDS— Continued

Kan & H C & C

1051810518

1191a Mar'05

1151a.
11734.

Norcfc South Ist

A-O

Coal and Iron
Col Fuel Co gen gold 68. 1919 M-N
Col F & I Co gen s t g 63 1943 F-A
Convertible deb g 58.. 1911 FA
Trust Co ctfs
Col Induslst couvSs gu A.1934 FA
1st conv 58 gu Series B.1934 FA
Coutin'talOlstsl guo8g.l952 FA

106i8Mar'05

<fe

J-D

Moh & Mai Ist gu g 48. .1991 M-S
FA
N J June R gu Ist 4s. ..1986 A-O
N Y&Pul8tcongug4s 1993

96i4May'04

74
101 >a.

Sink fund subsidy g 6s. .1910
1st g4i2S.1921

A-0
89^4
J-D 10034
J-J

124
120

9714.

Penn Co— Guar

lieu 4i<28.1926 J-J

NewH&D SeeNYNH&U
N Y Cent

124
119

-

M

W

124

.

RW&OTRl8tgug5s.l918

Utlca<fe Blk

124

lOeiaNov'OO

N Y Chic & St L 1st g 4s. 1937
Registered
1937
N Y & Greenw Lake See Erie
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
SeeNYNH&H
NY&NE
New York New Hav & Hart
Housatonio R con g 58.. 1937
N H Derby con g 5s. .1918
N Y & North See N Y C & H
N Y0& W ref Istg 48.. (71992
Regis $5,000 only
gVdQI
N Y Put See N y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pao Co

<

N

McM M W

Nor

9612

93 14

9,-)

122 126
961a 99

126
126
961a May'05

,

93^4

I'i534l29

<fc

1st extension gold 68../ilU27 q-j
1938 M-S
General gold 4s
Moutgom Div 1st g 5s. .1947 F-A
St 1/ <& Cairo coll g 4s..el930 Q-F
1931 J-J
Guaranteed g4s
O coll 4s See Southern
Moha wk & Mai See Y C cfc H
Monongahela Riv See B & O
&
Mont Cent See St P
Morgan's La <fe T See S P Co
Essex See Dei L &
Morris
St L 1st 7s. 1913 J-J
^! ash Chat gold
192 A-O
5s
Ist consol
1st g 6s. .1923 J-J
Branch
Jasper
& Al 1st 6s. .1917 J-J
1917 J-J
Branch 1st 6s
Kasli Flor <fe Shef See L &
1st consor4s

g 3128

J'ne'05
IO6I4 J'ne'04

108

N Y & Harlem g 3ias...2000
Registered
2000
N Y North 1st g 58. ..1927
B W& O con IstextSs. A1922
Oswe A B 2dgu g58...el915

11638119

<fc

Natof Mexpnor

1931
1931
1940
1940
1951
1952

Bat C<feStnrl8tgug3s.l989

II6I2 11834

10934 Oct 'O;;
95 ig
9534 26
9434
96 ig 122

951a Sale

95i8Sale
102

9514

114
10834

10334 107
1221a
lOO^a 11038

IO5I8 10538
11834 J'ne'05
II6S2
II634

10434

<fe

9438
111
104 '^8
106
107 12
104 12

12

122^8 J'ue'05
107
10738

98
110

98

91

87

106'8
1071-.: Feb'05
105
106 J'ue'05
104 '2104^4 lOliaJ'ne'OS

llb''4

A-0
A-0

84->4
8712
10334 108

114 J'ne'05
1061a loe^g
107 14 10734

IO6I3IO7

102»4

100ial04i4

105i4Dec'04
95 Apr'05

9534

li)7'4

99

Nov'Ol

lOOia

10534

96

10

98

11734

95
98^5
971a 98I4
1-4

10234

"2

103

F-A
M-N
A-0

M-S
M-N
M-N
M-S
M-S

98

10234 102

,

113'4ll3l4

9Ki4J'ne'05

Uli2Mar'04
Mob Blrm prior lien g 5s 1945 J-J lUHz
9418
9314 Apr'Oo
1945 J-J
Mortgage gold 4s
Mob J & K C 1st cons a 5s.l95;H J-J 9.1^1 Sale 97 Sj 99
J-D
127
12534
J'ne'05
Mob Ohio new- gold 6s. .1927

T&e

Feb'05

&

IO8I4IIO

<fe

108"4J'ne'05

1

&

Apr '04

124
119

L § 1st
1st g3i28

1

High

<fe

120i4Apr'05
11 3 14 Mar'05

& ref gold 4s. .1929 J-J
ElV&G Div St g 4s.. 1933 M-N
1
W 1st g 58.1926 M-S
Yerdi V

M

109=8

Ist consor68.1909

48
Registered

i
1£

r.nw

<fe

....

Unttied

&

108
121

1934

B V l8tg68 1918

68

2612

A-0
J-D
M-N
M-S

MS
M K&TofTlstgug58.1942
gu 5s. 1943 J-D

M&

May '05
Jan '03

Mich Cent

1^\ 79

A-0

.M-N
& Wa
FA
A-O
gu
5s...
1942
K
&
E
1st
Mo
g
M K & Ok Ist gu 5^. ...1942 M-N

Sher Sh <fe So 1st
g
Textfe OklalstgugSs... 11)43
1906
Missouri Pacittc 3d78
192U
Ist consol gold 6s
Trust gold 5s stamped. al917
Registered
al917
1920
IstcoU gold58
Cent Br Ry 1st gu g 4s. 1919
Leroy<feCVALlstg58 1926
Pac R of Mo 1st ex g 4s. 1938
2d extended gold 58.. .1938
Bt I, Ir M<fe Sgeu con g 5sl931
Gen con stain i)gtdg 5s 1931

124
139

<fe

NW
NW

M &M

12238
141
1411a
117

<fe

McKeesifc

104 107
104 104
IO6I8IO8I2

1041a

Mexinternatlstoon g 48.1977 MS
1977 MS
Stamped guaranteed
Mex North Ist gold 68. ...1910 J-D
Mich Cent -See N Y Cent

NJ

1244

J
lOiiuSale

UW\

107

No

107 1091a
9914IO2
99% Sale 991a
9934
9^ la 99 12 »9i2J'ne'0t
9912IOII4
101 14 174 100 103>4
lOlHSale 101
105
102 103 ifl
102 May"05

C'l BR 1st 58. .1934
McK Y Ist gu 68.1932

2dguar68

9914

Jiigfi

KaA&GRl8tguc5s.l938

Registered
9914

Ask Low

Mahon
Pitts

NY

Cent
See
See Man Ry
Mex Cent consol gold 48. .1911
Ist consol income g 38.01939
2d consol income g 3s. .al939
1919
Equip <fe coll gold 58
Coll tr g 4i<28 1st Ser....l907

of

110

97 14
96
113 II5I4
112iall3
115i4ll6'2

110 Mar'03
99I4
99 14

Metropolitan El

Mid

9812 10134

no

Feb '05

110

Since

January

Last Sale

6

Debenture g 4s
1928
Det Mon <fe Tol Ist 78.1906

J'ne'02

10834

1990 A-0
Bogistered
Metropol El Ist g 68.. ..1908 J-J
Coloniz g 5s. ...1934 J-D
Man S

W
McK'pt&BV

Apr'Oo
121 12 May'05

Week's

Hamje or

109 la 110 1091a
IU6I2IO7I2 107

Ist 48 gu... 2361
Registered
2361
Lake Shore gold 3ias....l997
Registered
1997

Range

Price

fYidav
June 23

Bid

West Shore

126'a Feb'05

101

....

.Hi(jh

I26I2 12612

J-J

105

1

109 109
1 30 Sj 132

132

M-S

LKA&Ch

SeeCl&l.
LS&MS
Mahon Coal See
anhattan Ry consol 48.1990

Mar'05

75
113

102

January

High No Low

Ask Low
109
132

A-0
BdgeCogug48..1945 M-S

Life Jell

a;5

STOCK EXCHANGE
Week Ending June 23
N Y Cent & H Vi^-C Continued)
N. y.

Since

or

Last Sale

1091*
132 Sale
12634 129

Ist gold 68. ...1930 J-J
1930 J -J
2cl gold 6s

PensacolaDiv pold68...1920
1921
St 1j Div Ist gold 6s
1980
2d gold 38
Hender Edge Ist 8 f g 68.1931
Kentucky Cent gold 4s. .1987
& M 1st g 4 ii28 1945
Ltfe N &
joint 48.1952
Lcfc N-Sontb
Fla& S 1st gug 58.. .1937
Pens & Atl Ist gu g 68. .1921
S & N Ala con gu g 5s. .1936
1910
Sink fund gold 6s

June 33
Bid

(Continued

Nasliv

<fc

&M
&M

Kange

HOND.S

Kange

Week's

J*rice

FriiLav

•2609

3

4128 g.. 1934 J-J

105 la Sale
106 14
10278

97

OS^a

109 la 109

113

1

Hi

llOisllS

30 10413 10739
IIOI4IIOI4

Hanufactiirins &, Industrial

Am Cot Oil ext 4128
1915 Q-F
Am Hidecfc L 1st 8fg68.. 1919 M-S
Am Spirits Mfg let g68.. 1915 .14-3
Am Thread Ifet col tr 48. ..1919 J-J
Am Tobacco 40-yrg 68 1944 A-O

96
89
115

48
1951 F-A
Consol Tobacco SO-yr g 18.1961 F-A

81

<

Dae

.'day

^DaeJ'ne A Dae

J'ly

09

9334

May'05

9736 «ale

97 14
96

May 05

90
Sale

75% Sale
-Sale

p Dae Nov

891,
11413
7434

80
«

97

-a

17

9334 101
9634 lOOi*

94

97

8713 801a
891a
II5I4 107 110l4ll8'4
7514 186 71
77»»
81
60

Option

sale.

—

J

—Concluded—Page

Bond Record

2610
BUND8

Friday
Range or
Since
stock exchange
June as
Last Sale Cqor January 1
Week e:nding June 23
Sid
At/c Low
High No Low High
Peiiii RR (Continued)
10634 May'06
10634 108'4
Pliila Bal A W Ist g 4a.. 1943 M-N *108
Saii<& l<ewi8 Ist g 48... 1936 J-J 101
ll3i«.
110>aSep'04
UN J BR Can gen 48.1944 M-S
Pensacola & Atl See L & Nash
St
L
C
&
See
C
C
East
Peo
123 >« Jan 'Go
I2318I23I8
Pek Un let g 6a.. ..1921 Q-F 122 ...
peo
n. y.

.

,

<fc

N. T.

2d gold

4><j8
CU.fi.

PereMarq—

riint&PMg6s

WM

100
105

bl921 M-N
68 1921 J-D

1920 A-O

Guaranteed gold 5s
1938
Ore <fe Cal 1st guar g 5s. 19'."
8 A <fe A Pass let gu g 48. 1943
So P of Ar gu l8t g 68. .cl909
Ist guar g 68
cl91o
S P of Callst g 68 ser B.1905
1st g 6s series C & D...1900

W

PhU B &

See

Penn

193lt
5s. 193!l

114„...,

RR

Phila & Reading cons 78.1911 J.D
Pine Creek reg guar 68... 1932 J-D
Pitts Cin & 8t L See Penn Co

&

II312.
129

&

ll9Vji23
112 114Hi
114 lie's

&

&

1997
1997
Registered.
Jersey Cent coll g 48.. .1951
Rensselaer & Sar See D & H
Rich & Dan See SouUi Ry
Rich & Meek See Soutliern
Rio Gr West See Den & Rio Gi
Rio Gr Juno 1st gn g 58.. .19311
1940
Bio gr So 1st gold 48
1940
Guaranteed

&

Pitts See B R
P
Rome Wat &Og ieeNYCeui

J-J
J.J

A O

121
10979.

120 Oct '01
112 12 Dec '01;

119
118>al22

120

Mar'05

98

J'ly'97

11334

116

May'05

103»8Sale

10338

101

100
101

Sale

ice's

J-D

75
92

J-J
J-J

E&

Ist g 6s series
F...1912
1st gold 68
191'^
1st con guar g 5s
193
Stamped
1905-.. 1937

Nov'97

137

.

&

Reading Co gen g 48

Boch

Apr'Oe

SPacofNMexlstg6s..l911
Tex & N O 1st 78
1905

&

W&
&

.

119>4 Apr'04

.

O
Tol See B
Pitts Cleve
Cli See Penn Co
Pitts Ft
1922 J-J
Pitts Jnnc 1st gold 6s
L Erie 2d g 68...ol92h A-O
Pitts
Y SeeN YCeu
Pitts McKees
L K Ist g 58.. .1940 A-O
Pitts Sh
1943 J.J
gold
58
1st consol
West See B O
Pitts
Ash Ist cou 68.1927 M-N
Pitts Y

&

J'ly'04

121 Va 121>-i
11234 J'ne'05
114 J'ne'05

I21\i....
IVZhi....

M-N
Pt Huron Divlatg
A-0
SagTnSifi; H Ist gug 49.1931 F-A
Ist consol KoldSs

103 "i 101
...,
109

104

Jan

Sabine Div lstg68
Con gold 5s
Southern— Ist con g 58
117 <2 120
116

116
190 00^6 104
100
"3 100
98 Hi 101

77

10334 May'04
101>4Nov'01

J-J
J.J
9534

J.J
J-J

93

Virginia Mid ser
Scries D 4-58
Series E 5s
General 58

96

W

M

103
103

.

.

ISO's.
llS'^s.

9934 102
90''g Sale

M
KCFtS<feMRyrefg48l936
KC&MR&Blstgu OS. 192ii

122
8938 Sale

W

98 Hj Sale

983, 124

9838
eS'gJIie'Oo
80»8
81 il3

aeVi

81

M

Sale

961a 101 i<i

84
87 Hi
80 Hj 841,

109 H.

108 4 May'06

lOSSgUi

1351-^.

139
140

136

113'6

J'ne'05

t

111

100^4

A-O
A-O
A-O
M-N
M-N
J-J

FA
J-J
J-J
J-J
J-J
J-J
J-J

103

llOHi May'06
110iall2:*6
10314 J'ne'05 SlO 103
105

.

May'Ol
10434 .Mar05
106

10336.

13738.
119^4

.

117 5».

10434 10434

124
135

May'05
Jau '06
13434 Dec '04

123
135

11818 Feb'OO
117 Jan '04

11818 1181b

124
135

108 Hj.

J-J

110

Jau

W

<fe

J-J

AO
J-J

J-J

MN

M-S
J-J

J-J
J-J

AO

M-N
M-N
M-S
M-S
M-S
M-N
M-N

N

1O8

May'05

AO

Roa Ist 58
ly'2o
<fc So
See M K & T
Sp Oca & G See Atl Coast L
Sod Ba7 & So 1st g 68
1924 J-J
So Car & Ga See Southern
8o Pao Co— RR l8t ret 48.1955
CoU tr g 4'<»s
lyit;j
Gold 48 (Cent Pac coll). /(;194i)

S9
87 »8
103 J'ne'Oo
95 Mar'Oi
109 Feb '05

108

26

8434

92
10434
98»ft

109 la 109 "a
1091a 114
110

May'05
Jun'O

AO

110

'03

9739 Sale

93 Hi Sale

1941

Cent Pac Ist ref gu g 48 194'.!
Registered
194;
Mort guar gold3»<2S../cl92lj
Gal Har & S A Ist g 68.. 1910
2d gold 78
1905
Mex & Pacl8tg5s....l931

10i>a

Sale

112

l8t guar 58 red

112

101 '8

99 14 Mar'O;
88
88
loyis Mar'05
103 Sep '(t4
Feb'05
115
107 'e J'ne'05

10334

•

Hi

101 "a Sale

111
107

1933
H & TClBtg58intgu..l937

93

109\
88

VGc&Nl8tgug58.1924
Hous E & W T 1st g 58.1933

May'05

9234

94 May'Oo
109 'a Feb '05

108^4

Gila

9734 208

97
102

...

107^4

Feb 'Oo

103

H23i

J'ly'04
J'ne'Oo

"g

100 'e

>a

Feb '02

IIOI4 ...
113
9934 IOOI4 99
127

"a

96 14 98 la
101 102
63 92 14 9714
91
94

108^8 HI'S.
59 10038 104
V-i

871a 90
lOS'b 110'b

113 Hi 115
107 H* 110
105 'a 107 '4
ilO»8 ii'234

Dec '04
'95

Hi

ibo'"^

Since

Ill's
IIIH2

'

H2

111
121

98 Hi

IO8I4

10bi4

109 Hi
103
113 112H2
1131. IU8H2
1211^ 120 Hi
110
Sale
97^4

Feb 05

11834

100 ^4 Sale
118

96

,

& Nor

Ist 78

.

l'.iO

II314

.

1

l'^4

.

126 H.

.

117
112

.

Debenture series

B

A

1939 J-J
1939 J-J

1st lien equip s fd g 5s. .1921 M-S
1st lien 50 yr g term 48.1954 J J
Det<feCh Ext Ist g OS. .1941 J-J
Des Moin Div 1st g 48. .1939 J-J
Div 1st g 3H2S
1941 A-O
T0I& ChDiv Ist g 4s... 1941
A-O
Bridge
1st
68.1908
Chas
St
g
Wab Pitts Term Ist g 48.1954 J-D

Om

MS

1954

&

J

D

West
See Del Lac
Wasli Cent See Nor Pac
See Southern
Wasli O
West Maryland Ist g 4s. ..1952 A-O
West N Y <fc Pa 1st g 5s.. 1937 J-J
1943 A-O
Gen gold 3-4s
etl943 Nov
Income 5s
West No Car See Soutli Ry

Warren

&

W

W VaCent&

P

Istj; 6s. .1911

J-J

116Hill6H>
114 116
119 H2 122 Hi
114 116
I23I4I25
123 14 127
11534 118
112 112''8
96 Hj 98
108 111

14

Jau'05
Feb'05

98

lOSisMayOO
123 Feb '02

lllHj

110
110 Dec'04
114
114 Jan '05
II4H2II514 UlHiJ'ue'OS

114 114
II4H2II7
114'all4H»
97
9734

il4H)
114H3
9734 May'05
lie's Mar'05

90 Hj.
llbis.

Ill

Nov'04

llli8Apr'05

lll'ell2Hi
121

94

I'joi*

963,

H13„11138

106 H2 Nov'04
115 14 J'ne'05
111 May'04

II4HJII514.

Apr '05

112

96

96H3

Hi

13

94 Hi J'ne'05
91'8 May'Oo
83 14
^4
97
97

95 14 Jau '05
95 '4
106Hi 107 '4 113 1 04'-4
106
106
6 103
I26I4 443 112^8
123
i-i

13734
io'i'ii :;::::

12534

119 Hi Sale
9 6 "4 Sale

102 14
125 '^8
110 Hi
96 4

119 la
96 14

104

104'%

115
109

110
14

1043,

127 •»
3 124
5 117H2 120
32

109

72
103
92

107Hj110

n9\t

109 14
Feb'05

11 2 Hi.

6 116
72 107
90
741., ii<2
06 Hj
J'ne'Oj
102
Apr'05
92

35

8834 ....
11834 liJO
9634

119igJ'ne'()5

118

112Hj.

90 '4 95 Hj

97
Mar'Ol

112

May'Oo

H.

9634

'•.

lU

11434 Mar'05

«fc

457,.

8734

8'.»

40

114Hi.May05
114 Sale 114
114
94
94 V 93^8
1949 M-S
94 V
IIR 1st consol 48
102 Jan '05
20-year equip s f os ...1922 J.J '102Hj ..
WUkes <fe East Sec Erie
&M
Wil & Sioux F iSee St P
95 -4 Sale
953.
94^8
WisCeutoO.yr Ist gen 48.1949 J-J

i

1

98 1»

95

'-2

97

8434

86

90^8 Sale
39 sale

27

90

103
92
10934 112

V09H2Mar'0:;
90'»
90'4
3734
39

89

<

11734

May'05
Nov'OJ
Apr'05
May'05

112
97
88
97
..

951b 98 1«

11 10418 104'^.

Mar'Oo

117%

93V 90

73 Hi Sale
10^ ... .
94
111
92 Hi
85
88

IO6I4
138H»
,

125^4

112 Dec '03
114HaApr'02

117^4 biale

95I4

108 Hj-

Apr '05 "6 U63s 13734.
102 14
102 104

11038.

lOJ

llOHj 112
95 Hj 98 H»
91
95
8578 91^8.
83
9814
97

UOSg 113

no^s J'ne'05
106

12334

9334 102

Apr '05

11138

90Hj 96Hj
94 Hi 9434
91Hi
84
Sale
97

12v;Hj

9834 101 19

£1H» J'ue'05

97

109

':

II6I4II6I9.

12238
)22HjJ'ue'05
10138 10314 101 Way'Oo
111
1 1218 J'ly'04
I2IH2

.

J'ly'OO

117
100

.

L E Ist g 5s...l9'J6 A-O
Wheel Div 1st gold 5s. .1928 J-J
Exten&Imp gold 5s. ..1930 F-A

Wheel's

98 100 14
117H!ll8
9618 98 Hi

J'ne05
Mar'05

112='6

93Hz

FA
FA

4

96 Hj 99
118 1183i

98'-.:

116'8J'ue'05

.

110

112

il"2

Feb'U-l

VZi J'ne'05
12634 J ne'05

Gold 6s
Uni N J K%i <fe C Co See Pa RR
Utah Central See Rio Gr Wes

Utah<fc North iS'ee Un Pacilic
Utica & Black R See N Y Cent
Vanilalia consol g 4s
1955 F-A
Registeretl
1955
Val
Ind
&
See
Mo
P
Ver
irginia Mid See South Rv
Va & Southw't Ist gu 5s. 2003 J.J
1939 Wl-N
Wabash Ist gold 5s
1939
2d .gold 58

112

loo '4 100 14
118118
98H2Mar'05
90 Hi Dec '04

120

l'.i6'4Sale

J-D

109 Hi
'

lOo Hi 1 08 Hj
117 Hj 121 '4

l'Jli4

16 H. May'05
116 May'Oo

M-N
1911 M-N

1929 J-D
190b J.J
1926 J-J

108% log's
108

Oct '04
Feb'05
Mar'05

1

A-O

J-D
F-A
J-J

,

.

J-J
J-J

Registered

10938
103

114Hill5

U834 J'ne'O

116H>.
IIO^B.

130

104H»
91 Hj

108 '4

114H2l)ec'04
119 Feb '114

113
108 14
102

101
88
106
109 la
102 14

90
9U
lOSiiApr'O
109''8 Jau '05
103
103
104H2 Dec'04
115 Wai-'Uu

103

107 Is bale

Ore Ry & Nav con g 48. 1946
Ore Short Line 1st g 6s.. 1922
1st consol g 58
1946
1929
Guar refund 48

2d gold 48

/<:194!'

Consol g68 intguar...l9rj
Gen gold 48 Int guar.. 1921
Waco<feNW div Ist g 6k '3o

Jan

102

&W
&

Series

109

fill

102 "a,

JJ

gold 48.. ..1917
Tol St L
pr lieu g 3 Hjs. 1925 J-J
60-year gold 48
1950
Tor Ham Bull Ist g 48. /il946 J-D

W

108

102
95
109

UH4May'03

111'4....

-Her Shr

M

T0IP& Wist

Utah

109'-2 Jlur'05

112
110

1935 J.
Western Div Ist g 58... 1935 A O
General gold 58
1935 J-D
Kan& 1st gug 4s.... 1990 A-O

Registered

'04

Ranga

'01

lOiiaJ'ne'iio

JJ

11334

lld^sApr'Ol

no»a,

tsabcfe

W let gug 08

AO

1952
g 4s
UnPacRR& 1 gr g 4S...1947
Registered
1947
let lien convert 4s
1911

<fc

A&N

C 68...1916

Ist refund

11334 J'ne'05

.

89 Sale
Seaboard Air Llue g 4s.. .1960
Coll tr letund g 58
1031^4
1911 M-N
Car Cent ist cou g 48. ..194'. J-J -98 ....
110 ....
FlaCend! Pen Ist g 58.191b
l8t land gr ext g 58...1930
105 Hi....
Consol gold 5s
194;i
'llOHi...,
Qa & Ala Ry Ist con 58ol94o
11218...,
110 ...,
Ga Car & No Ist gu g Ss 192H

Registered

JJ

UUter&DellstcongSs 1928 J-D

May'02

a-§-|

or

Jau

113
Sale

J-J *10S»4
J-J * 10934

139

M

A P -See So Pac Co
N P Ist sink g 58.191!'
Sav F & West See Atl Coast L
Scioto Val
N K See Nor & W

Range

T0I& OClstg68

8t Liouis So See Illinois Cent
Ist g 48 bd ctfs.1989
8t L 8
2d g 4s inc bond ctf8...pl98i)
Consol gold 4s
1932
Gray's PtTer 1st gug 5s 1947
8t Paul <fc Dul See Nor Pacific
<& Man 2d 6a.. .1909
8t Paul
1933
Ist coDsol gold 68
Registered
1033
Reduced to gold 4'28.. 1933
Registered.
1933
Dakota eit gold 6s
1910
Mont ext Ist gold 4s
1937
Registered
1937
E Minn Ist diT 1st g 5s. .190b
Div
gold
Nor
Ist
4s.. ..194b
llinn Union Ist g 6s.. ..1922
Monte Istgu g6a
1937
Bexiatered
1937
iBtguar gold 08
1937
WiU<fe S F Ist gold 5s.. 193b
St P <fc Nor Pao See Nor Pac
8t P & S'l City See C St P
<&0
Salt Lake C Ist g a t 68.. .1913 J-J
.1941'
8 Fe Pres & Ph Ist g 58..
.Vl-S

8A&
8 F dc

Hi

104
90

Ala See L <fe N
Spok FaUs & Nor let g 68.1939 J.J
Stat Isl Ry 1st gu g 4H28..1943 J -I)
103 J'ne'05
102 10434 Syra Biug & N Y 6'ee D L & W
104 's Feb '05
104
104-V "per A of St L Ist g 4HJ8..1939 A-O
131 May'05
1 1st con gold 5s
1894-1944 FA
129 >a 132
11358
10
Gen refund s I g48
1953 J-J
113»B
112>all6
1 00 14 May '05
9934 100 14
St L M Bge Ter gu g 58. 1930 A-O
101 May'05
Tex cSi N O See So Pac Co
101 102
91
'2000 J-D
go's
S»\, 92 14 Tex* Pac Ist gold 5s
96 Dec '04
2d gold Inc 68
^2000 Mai
124VjJ'ne'05
Div
B
L
La
1st
5s
1931 J. J
g
1241a 126>4
8934 158 88 14 92
89
WMlnW<feNWl8tgu58'30 FA
S

M

11434

J-J

1921
1926
1936
Guar stamped
1936
O <fe
Isl cy gu 48.. 1924 FA
West N C Ist con g 68. .1914 J-J

.128

A-O

P
St L
Iron Mount See
8t L K C & N See Wabash
Br See T RR A of St L
8t L
St L <fc S Fran 2d g 68 CI B 1906
1900
2d gold 6s Class C
General gold 68
1931
General gold 5s
1931
St L <fc S F RR cons g 4s. .'90
Southw DiT Ist g 58. .1947
Refunding g 4s
1951
5-year gold notes 4 "a.. 190*
K C FtS& cong68..192.s
ifi:

May'06

96

Week's

fYiday

A-O

M-S

1916
Col <fe Greenv Ist 68
ET Va<fe Ga Div g 5s.. 1930
Con Ist gold 5s
1956
E Ten reor lien g 58
1938
1922
Ga Pac Ry Ist g 6s
Knox & Ohio Ist g Os... 1925
Rich iSi Dan con g 6s
1915
Deb 5s stamped
1927
Rich & Meek 1st g 4s.. .194b
So Car & Ga 1st g 58.. ..1919

<fe

1941
Rutland Ist con g i^a
Rut-Canadl8tgug4s...l94l'
'Pus & a See Pere Marq
Sag
^tJo&QT Isl Ist g 48.. .1947
8tl.aw<& Adiron Ist g 58.1990
1990
2d gold 68
8t L <fe Cairo See Mob & Ohio

1.

Ohio coll tr g 4s..l93f<
Mem Div Ist g 4Hj-5s... 1996
St Louis div 1st g 4s
1951
Ala Cen R Ist g 6s
1918
Atl & Danvlstg4s
194s
2d 48
1948

Atl& Yadlstgguar4s.l949

109
77
89

109
75
89

w

M-S

Registered

109 Mar'03
75'4Mai'05
89 Jan '0.

=^
Price

1912
1943
1994
1994

Mob &

1

'05

101

LXU.

^
Last Sale ^Ui January ^j
Week Ending June 23
5 a. June US
Bid
Ask Low
Sontliem Pac Co—(Continued)
High No Low Migli
Morgan's La & T 1st 7s. 1918 A-O 12334
I29H2N0VO4
Ist gold 6s
122 Dec'04
1920 J-J 122
No of Cal 1st gu g 68
106 Sep '04
1907 J-J 103 14

<fe
<fc

[YOL.

BONDS
STOCK EXCHANQ E

Range

lYlee

4

94
119 >»983*

112

II414 11434
114Hjll'i'a
IM^s
113

92

951s
102

102

M

52

90 Hj 9534.

lUISCGLI.ANEOUS BONUS—Concluded.
Alaiiulnctiirinff <k IndiiHtrint

IfliscellaneouM

Con Tobacco registered 481951 F A

Di.-ttilSecCorcouv Isl g 58. '27 A
DiHlillofAniercoUtrgSs.lOll J J
Int Paper Co Ist con g 6s. 1918 F A
CouHol conv 8 f g 58
1935 J J

lut St

fump

lo.yr conv. 6« '13 J J
Knicker Ice(Chic) l8t g68.'2h A
Lackaw Steel Ist g 68
1923 A
N at Starch Mfg Co 1st g 68 1920 M
N
Nat Starch Co u I deb i58..1925 J J
Btan Rope <fc T l8t g 68. ..1946 F A
Income gold 58
1946

U 8 LeaUi Co 8t<lebg68..isn3

V

M

N

S i;ealty& 1 convflebg58'24 J J
S steel CorplO-OO yr5H.d'6;^ M N
KeglMtered
April 1963 M N
Va.Car Chem col tr 58 g..l912 A

U

Adams Ex

85I4 Dec'04

79

Hj

Sale

78

99
109 Hi

109 Hi Sale
94 's Sale
105 H> Sale
105

"a

80
70
50

80 312 77 Hj 82 Hj
8ep '03
109 Hi
5 108
110
94

9334

105

Hi

08 Hi
105 '8
85
64

Sale

85
Salt
Sale

4
100 "8 110
102 '4
9438Sale
93 Tg Halo
99'g

Hj

50
4
109
,

101
9234

93 '«
99^8

H<

74 93
95
66 10234 105

106 Hi
Feb'05
98
105 14 "6 10434
85
9 85
70
6 59
62
4 42 Hj

May'05
109
102

1'4

"

Hi

3(1

94

^V 1«81

94

1

May '05

Hi

98
108
93
70
59 14
8

108 Hi 1 !'.."«
93 1 03 H
981.^
02
92 14 9734
99 38 101 Hi

price ifritUy; Utebt biu anil aHkeU. a

Due Jan

6 I>ue

FeD

«

1948 M-S
.S'eeCeutNJ

g48

Am SS Co of WVag58....1920 M.N
B'kl'u FerryCol8icousg6s'48 FA
ChicJc& St Yard col g5s. 1916
DetM <fcM Idgr lueonies.. 1911
Hoboken L <fe I gold 58... 19 10
Mad Sq Garden Ist g 58. .1919
Man Bch H & L geu g 4S..1940

Newp No Shipifc D D58(n990
N Y Dock 50-yr 1st g4s..l951

Val Wat Works 1st 68.1906
S Red<fc Ret Ist stg 68.1931

.Sp

Uue Mar Uliue Apr

/iJJuoJ'ly

/c

Uuo Auc

o

48

A O

103'e

103

105 '4

10034 J'no'02
48 J'ne'05
10734 Nov'04

48

58

lOSf^

104
67

J-J
"76''-i

M-N
M-N
M-N

74

Apr'OA

50

Feb'O'J

97
100

97
Mar'05

Yi'i'so'

J.J

FA

MS

Loan Soc4ias.l921
.St Jo.sepli Stk Yds l8t4 Hi.s.l930 J-J
St L T»!r Cuiiples Stat'u * Prop
t;o Ist g 4 His 5-20 year. .1917 J-D
8 Yuba Wal Co con g 6s.. 1923 J-J
Provuli-nt

IT

•Wo

col tr

AmDk<&Imp58

96 Hi 97 H

94
98

Hi

97
100

ioi'^i'.'.'.'.'.'.

112 J'ly.'Ol
113HiJ'ly'00

MS

97
95
m>4
Due Oct p Due Not q Uue Deo
Sale

'-J

.sa^e 97 H
Option sulo

3'.

s

S4

..

.

OHIOAaO STOCK EXOHANaE-Stock
STOCKS—HIGHEST AND LOWEST SALE PRICES

f''

Mondaii
June 19

Saturday
June 1?

':

;

Record-Daily, Weekly and Yearly

Thursday
June 22

Wednesday
June 21

Tuesday
June 20

Friday
June 23

STOCKS

Sales

CHICAGO STOCK

of the

Hange

Range

Year

tor

iyu5

lor I'revious

Year (1904)

Week

EXCHANGE

Lowest

•ihares

Highest

Highest

Lowest

Rnilroads
i'."

'.'.'.

'.'.'.'.'.'.

'"i'ly't^l
'

21

21

70

70^4

70

66

701s

"24'^"24>i
6712
66

66

62

62 1^ 63

•

61
95V!

20 '4

6934

7038

70

•9lVj

28 '2

'•28H2

1011* 101 V,

9714 97\
4218 42'*

•40

67

67

•931^

7U38

*

43'-.

Last Sale
25

2.-.

67V3

(;8

65

Last Sale

95

23
•63
95

61

•28

19

21

6934

68

•

63'9 6312
95V;
2.SV2
9714 97\
4312 43I2

57;

19

V

2338

'4

65
95

Last Sale

'2

98 '4 98 7g
45
45

97 V, 97 7g
441a

44'tj

69

Last Sale
Last Sale

4234 "ii^l
'25" "26"

"2478 "25'"

"5'8 "57;

7038

'U^ '23""23'i4 •22 '2

22V!

>94>a

'"b'-'Vi'-'l

20

"43" "43"

•"43" 'i'sJA

<:-:

Last Sale 196

lS7Vi

•

Mar' 05 Chic City Ry
Chic Consol Trac
Chic Pass Ry
""jv; Chic

739

May'05 Chic Union Tract

iO

Apr '05

pref

&

2,615

Apr 1

7

150

W

V,,

SiaJ'neie
loig.ipr 8
53 iMar31

4(1

Ll ..100
J'Ile•0.^
SS'a
Do pret
100
25 Vj
25 '4 .Metropol
b Kiev. .100
Do pref
67
100
671a
65
J'ne'05 Xorth Chic Street
100
22 Vj
22
Northwestern Eler. 100
63 18 65
Do pref
100
95
95 South Side Elev
100
iS^i
May'05 Streets WStable C L 100
*i'8
yg
Do pret
100
*43
60 West Clue Street
100

s2
'.'.'.'.'.'.

•129

K.::.:

.

-129
54
105

130

110

110
57

•

*62

•10

"io"""!!!!

52

•34

34

-34

I'Hi

*6Vj

'155
45
136
Fi35 i35
Vj
100
100
.•
;139i4l39i4 139

160

"id"
110

•52

•155

69

53
54
106'. '1(15

V2

105

*'.'.'.'.'.'.

4H0
1,05

660
75
406

.

380
125

'-'io"

34
Ola
I'JO

45
136
135 135
100 1-2
OSVjlOO
139 V^ 139 "a 140

135
100

160
135

134

136

140

140

May'04 AuierTito S Bank
Apr '05 Booth (A) & Co
Apr '0.5
Do pref

Apr'u5 Cal

Hio

i4()V2

Chic Title

Diamond Match

62

•.•'J''.2

Last Sale 7? "a
Last Sale 17
Last Sale .9
last Sale 46
Last Sale i

LasiSale
61

"o'l'^'eiii

116 116
62 >2 62 Vj
120 120

118

63

63
120

116'2ll7
65
65
120

62

"a

30 AprlS
30 Jan 9
82i2Jan 4
20 Jan ]«
59 la Jan 10
60 May31
>Ia>23

21

1

155

Mar 190

Aug

Sep
Sep

Nov
Nov

Jan 6

6

24 Jan 3]
73ioJ'ue 5

23

13^8 Feb 3
51 Feb 2

4 Feb 15 Nov
27 la May 45 Nov
28 "a K'l 31 Dec
80 14 Nov 8.5 Nov
15 Mar 26 Sep
41 Slar 68 Oct
65 Mar 88 Sep
15 Jan 26'4 Nov
44 Aiir 67 4 Nov
90 Mar 98 'a Nov
2« Jan 34 Oct
82 Vj Apr 103 J'ne
38 Apt SOiaSep

734

44''aJ'ne V
8 lv^Mayl2

1

2.534 j'iie'«.'3

65
99

J 'lie

'.."J

Feb 2
JanlO
Jan 5
Mar20

24ia

S

27

60 Mar27 66
00 18 May 17 97 14
2S Feb 24 29i4Jan 4
97 Feb 3 103 14 .Mar21
40 J'nel2 72 Feb 3

65 14

117

120

65

^;::::: ::::::

Last Sale

^6^/14

77V2

ios'^io9"
78
78

79

iofiiiof'i
79 V2 80
93
93

79

Telephone

35

^P

"934"

9 J4

36

'2

33

34

33

•934

9^8

33

34

"

Do

pref Recpt.s..

Gas
Pullman Co

J'ne"'05 People's

BONOS

CHICAGO STOCK EXCH'GE
Wekk Ending June 23
t

Price

Week's

Friday
June 83

Range or

80
94

106

934

35

103

cfc

Chic Board of Trade 4s ...1927
Clue Consol Br & Mlt 68
1939
Chic (;on.sol Trac4ias
1913
Chic Edison debent 6s
7il926
Lstgold 5s
Chic Auditorium 1st 5s. ..1929
1929
Chic Dock Co l.st 48
1905
Clue EiiiutGases
Chic & Mil Elec Ry 5s ....1919
Chic Pneum Tool 1st 53 .al921
Cliic Rock I & Pac RR 4s. 2002
r Collat Trust g 58
1913
Commonwealth Elect 08. 61943

19
Tunnel 58
City Ry & Lt Co 5s. 1913
IKnickerb'cker Ice Ist 5s. 1928
1928
Lake Street El Ist 5s
i' Income 5s
1925
iMetr
Side El 1st 48.... 1938
,.1938
Extension g 48
f1906
iJTorth Chic St Ist 58
1909
Ist 58

Kans

W

Befunding g

4-408BBB

X'o

99Vj

F-A 991a
M-N
M-N 100 "a

E
F

1st 68.

Apr '04
62
66 '2
103i8l04>a
104 10434

80

68
106

"a

IO8I4
9813

97 14
100»8 100 '8
97
98 "a
97 14 98 Vj
16
16
94 14 9612
86
901a

J'ne'05

94 Vj

108 14 108 14
107 Mny'05
103 "a 103
'4

J'ne'Ou

100 V, 100 '4
114 Nov'04
81 J'ly '04

88
94
70
90
80

62

95
94

100
99 14

90

95
95 '4
96 "a

9314

88

J'ne'05

9934 J'uo'05
9934 J'ne'05
100 Apr'05
lOO^s
lOO^f,
123 >4 I23I4
106 J'ue'06

103

9

51
•^14

Oct

Feb
Jan
Dec
Jan
Jan

4612

060

95

Jan 120

98^8

Feb IIOI4N0V

9958Mayl8 11034 Apr »
Feb 25 114
86

301 106

737
240

46 Jan 25
bOVjJan 4

Jan 6

Apr 7
Apr 10

Sep

97

99 'g Apr llOVjNov
3534 J'ne 47 la Jan
75 J'ne 87 Nov
7

374

240
110

99
9978
99 4 9934
9913 100
5 100

10034

I23I4 12334
105 12 10738
3 107 '4 108=8
IO6I3 107 V2
30 102'4 104 '8
10213 103 18
li 105 v^ 107
1

94

May'04

Feb '05

80

J'ne'05

79 Vj
90

90 Moy'05
100 Jan '04
Chicago bo nd

Continental National.
Cook Co Slate Savings
Corn Exchange Nat..
Drexel Slate
Drovers Dep National
First National
First Nat Enslewooii..
Foreman Bros B'k'g Co
Fort Dearborn Nat
Hamilton National
Hibernian B'k'g Ass'n

Home Savings
Manufacturers Bank..
Milwaukee Ave State.
Nat Bank of Republic.

Xatioual Live Stock...
North Side State Sav..
Oakland National
Peoples Trust Ji Sav ..
Prairie National
Prairie State
Pullman Loan & Sav..
Soutli Chicaso Savings
State Bank of Cldcago.
Slock Yards Savinga ..

Union Bank
Union Slock Yds Stale

Amer Trust & Savgs

.

Central Trust Co of III
Citizens' Tr <fe Sav Bk.
(;olonial Trust <fe Sav..
Drovers Trust & Sav..
Equitable Trust Co
Federal Trust & Sav..
First Trust

<fc Savings
Trust & Sav..
Jackson Trust & Sav..
Kenwood Tr<fe Savings
Merchants' l>'nifeTr Co
100
M etropolitan Tr & Sav
Northern Trust Co Bk
90
90=8 Royal Trust Co
Union Trust Co
97
Western Trust* Sav.

Illinois

Nov'04
J'ne'05

Chicago City
Chicago National
Chicago Savings
Commercial National..

1 "a
934

23

Feb 2(1
J'nel9
Feb 15

price

8.

Woodlawn Tr<fcSav Bk

2,000,000
100,000
200,000
1,000,000
A; 500,000
2,000,000
3,000,000
50,000
3,000,000
200,000
600,000
8,000,000
100,000
500,000
1,000,000
500,000
1,000.000
100,000
200,000
250,000
2,000,000
1,000,000
50,000
50,000
200,000
250,000
250,000
300,000
200,000
1,000,000
250,000
200,000
200,000

.'{!l,065,Ht3-w;

3,000,000
2,000,000

1,969,687
916,361

Oct

10=8

Deo

34 J'ly

339
2034
2512

Jan

-4

Apr

3

14i.,jApr

3

7

J'ly

381a Apr 14

14

Sep

2 "a

Nov
Dec

Dividend Record

In Per
1904 iod

Last Faid

'i-3 .4.pr

31,06?
Ib8,80l
1,423,345
fc 65.3

13
15

12+3

l,7i'2,123

"12

"i'J

1,232,536
3,072
3,561,208

8

8+5 J-J

/an

<4-J .\pr

2

'05,

'05, 4
'05, 3

1

16,-.i74

274,692
6,113,755
106,770
627,237
226,614
141,896
1,049,404

155,785
11,589
263,154
952,610
1,302,966
6,034
49,536
13,610
59,596
73,721
170,613
31,875
609,543
104,615

Q-J Apr
Apr
Jan
12
Q-J -•Vpr
6
Q-J Apr
8
Q-J .Apr
Apr
12
1112
10
Jan
6+4
Priv ate Ba uk
6
Q-J J'ly
6
8
6
12
6
8

6

"a"
10
6

6
15
"'6

'

8"

10
"ii
6

12+3
6

6

New Bank
'8*
li38

8

23,501 Began
19,029 New

8

n

'05,
'05.
'05,
'05,
'05,
'05,
'05,
'05,

3
2
3

3
II3
2
3
3

'05,

IVj

4

Q-F May
J-J Jan

'05,
'05,
'05,
'05,

Q-J J'ly
Q-J Apr
J-J Jan
J-J Jan

'05,

IVj

'05, 3
'05, 3
'05, 3

J-J Jan
J-J Jan

Q-J .^pr
Q-J Apr

5

Jan

6

Q-J Apr

•05,
'05,
'05,
•05,

5
1

3

2
2
1
IV,

Mayl, i90
Bank

6

7

1

4

00,001'
New b ank..
200.000
101,477
5
200,000
60,300
6
6
500,000
450,000
8
8
2,000,000 .Vlergcd wi liAm. Trust
1.000,000
698,075
4,000,000 5,948,405 '16
12+4
250,000
Hi, 291
200,000
12.988 Began Jan 3,
3,000,000 3,617,532
12
12
750,000
257,748
6
6
fcl ,000,000 fcl,684,022
8
8
500,000
447,335
6
6
1,000,000
677,970
"6
"6
1,000,000
194,747
200.000
20,000 Began Mayl,

Q-J Apr
Q-J Apr

•05. 2
•05, 1

•J

Alaopaid 12 "3% in Doc, 1903, In stock of ITirst Trust <6 Savings iij.nk,
H laoludes special dividend
Bid and asked prices; no sales were made oa this day. t No pries Friday; latest price this week.
b Dae Jane, e Dae AprU.
h Dae July.
Ic Capital »nd sorplua to be increaaed,
a Due Dec. 31.
I

*

12
52
20

Aug
Apr

25 14 Mai

Jan 25 67 Apr2'
Jan 5 120 J'neiy
534 MaylO
Apr 20

6

I42V2N0V
12 la Dec
7612 060

20 Nov 25 Sep
36 Jan SSVjDec
99 Vj Jan llOVjNov

Apr 3
Mario

65^4

5 1-JO la

Outstand- Surplus
<t
ing
In
Fro /its
Stock
1903

Low High Bankers National
991310114
IO314IO314
103 104

97ial02
98 Feb '01
100 ig
10034 Nov'04
J-J 1100
J-J *y9Vjl01
723, 73
May'05
J-J
70
M-N
79 Nov'04
M-S
80 Apr '04
107
M-S 106 Vj 107 107
9714 J'ne05
J-D
100
NI-N
'8 Feb'05
A-0 9715 98 Vj 98 Vj May'05
9713.--.
9734 J'ne'05
J-J
16 May'06
Feb
94 '4
9434 Sale
05
F-A
87^8
87
87
88
J-J
98 May'05
J-J
98
96 May'05
J-J

1920 M-S

C

lUVjJan

41
35 110

100

NAME

Since

AG

1943 A-O 123 '4
1947 M-S 106 106 la
Refunding g 5s
J-J 108 108Vj
.1937
Chic GasLt&C 1st 5s.
107 V,
/Consumers' Gas Ist 58.. 1936
10308 bale
1924
South Side Elev 4 Si 8
10234
1914
Swift & Co Ist g 58
1063,
1945
.Union El (Loop) 53
1911 M-N
TJnion Pacific conv 48
1910 M-S
V S Brewing 5s
V S Steel Corp 2d 58.....cl963 M-N 94I3
98
iWestChic St Ist 58
1928 M-N
1909 FA t
Tunnel 1st 58
75
1914 J-D
90
Debent 68
1936 M-N
85
Consol g 58
r^- "West Dlv City Ry 4 las. .1932 J.J
90
5-20
Co
68.
1909
A-O
iWest'rn Stone
(» Note.— Accrued interest mus t be added to all
-

Range

1931 A-O

4Vjs

Jan 2d

54

Feb

7iaNov
134

.

Calumet National

93
yO
NoChicCity StRy 4Vis.l927 M-N 1:90
9418 94 V) 94
North West'n El 1st 48... 19 11 M-S
90
1945 M-N
891a 90
Ogden Gas 5s
1916 J-D 100
Pearsons-Taft 5s

L& C

High

Apr'05
10314 Feb'05
104 May'05
103

8.(9
76Si
1,3.57

Nov

173 V2 Nov
36 Nov
147 >a Nov
lOS Oct

J'ne

42

6

Jan 30

114

8

100

January 1

101

.•

4-408 Series
4-608 Series
< 4-808 Series
People's Gas

ll

64V2 Apr'05
58
10415 10413 104 "a
n04it.....
104 Is 104 Is

'

Illinois

.

Western Stone

May

Aug

IOI4N0V

lOVjDec
50 Jan
17

L& C'kelOO

<fe

Feb 6 23'aJ'ueJl
Feb 15 7334 Mar-.'L'

11
63

44'aMar27 46
2
2 Jan 30
100
lOU
100
lou

62

1233.1 .Jan

OMcago Banks and Trust Gomnanies

.

991a.

22*

Un Stock Yds(So Om)100
P Co .. 100
Do pref
100
"'iK Unit'd Box Bd & P ColOO
Do
pret
100
97e

•33

Last Sale

Ask Low

Bid
1910
Amor Biscuit 6s
Amer Strawboard ist63..19ll
FG(StL) 58.1912
Cass Ave

1 111

St Louis Nat St'k Yds 100
iof34 Swift & Co
100
84 The Quaker Oats Co. 100
9434
Do pref
100

OMcago Bond Record
p--

10i»

Woven Wire Eence
Do pref

i()734

10
35

100

Trust... 10!)

May'05 Page

"'iK"'iK '"iK
934

9''8"9"-t

<fe

40 "a Dec
94i4 0ct
198 .Uay
40 Nov
110 Feb

'.

Brick Kecpt.slOi

Illinois

Last Sale 10'^" nlo'oi Union Bas
^:::::: ::::::

DlOO

63 14 National Biscuit
117
Do pref
85 National Carbon
120
Do pref

117
.534

7713

I

May'05 M1I& Chic Brew'g
Nov'04
Do pref

117

66
118

Cliic

l-JiaDec
64 '4 Deo
791a Dec
123 "a Sep

.

Kans City Stock Yds. 100
'24" Knickerbocker Ice. .. 100
Apr '05
100
Do pret
J'ue'04 London & Chic Contr

G'i-^

Last Sale

ibs-'s 111914

<fe

OVjFeb 9 14 i» Apr 25
312 Jan
60 Jiti;25 73 "a Apr 2
3134 Jan
76 Jan 24 8234 J'ne
40 .Mai
125 Fe021 130 Marl'O 115 14 Jan
520 38 Jan 10 57 Mar30 19 J_ ue
5 98 18 Jan 17 105V2Mar27
«2 Aiie
183 Mar
38 .Tan 4 40 Jan
33 Nov
105 Marl 7 106 May
10034 .Mar
55 Apr2o 62 Apr 15 52 Feb
148 "a FebV3 150 Marl'^ 120 J'ly
10 Jan 5 10 Jan 5 10 Oct
34 J'ne
1
Jan 18
1 Jan
6 '4 J'ly 1(
7 Jan 20
7 Feb
10 153 Jan 25 172 Feb 20 140 May
5(
32 Jan 7 52 "a Mario 18 J'ly
139 125 May
143 "a Feb 1 115 Mai
16u 95 Apr
10534 Mar 6
86 Kel
13U 13413 Feb
14238 Apr 16 12DV2Feb
Ilia Jan 16
10 Jan
31a .Mai
50 62 J'ne2t: 71 "a Jan 16 381a Mar

2,010
1,765

l)i'C'04 Manufacturers' Fuel
:\ray'05 .Masonic Temple

iO

V,.

11H34 im-'f.

/

c::::: :;::;:
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Canal

14019

62

116l4ll6'-2

& Cliic

136
102

Mav'05

Zi^ia

"2"i'""23''^

^:::::: ::::::

'118

J'ne'05 Amer Radiator
J'ne'05
Do pret
54 14 .\nier Shipbldg
IO6I4
Do pret

'a

*i:;4

Last Sale

^'eo^^'eo^e

100
100
100
100
100
100
100
100
100

Central Trust Bank. 100
LastSaoe lb"" Feu''or. Cliicaso Auditorium...
Last Salt 1
J'ne'l)5 Chic Brew'K <to Malt'g.
Last Sale 1SI4
J'ne'05
Do pref
•
160
-158
lUO Chic EdLsou
100
44 'a 45 •Al>a 45 OhicPueuniatic Tool. 100

100

100
140

-

*19'"'20'"

20

American Can
Do pref

.

'.'.'.'.".

('.'.'.'.'.'.'.'.'.'.'.'.

(»19

69 14

'4

Last Sale Wis
Last Sale 40
Last Sale 106
Last Sai-e •55

58

166

1()6

•53

55

'

10"!!"!'.

*6V2

•

"46"'

110
58

55

"ii'^l

"ii'-Ci

Last Sale Sr\
Last Sale 130

*i2'.r"i;;i;;

54 V
105

''.'.'.'.'.'.

•

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68 ''8 691a

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6818 6S7fc
8'i'e

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Do

43V Kans City Ky

580

Feb

5 199

Itlisccllnneous
Allis-Chalmers
100
Do pret
100

.'•82
;*129

'

Subway

Jan

180

lou
100
100
100
100

pret

7018 Chicago

"a

7
(

& Oak Park

Do

21

100
100

ot iO'/g

deoUrod

Auif. 10, 190i.

•05, II4
'05, iv,
.M-S .Mar •05, 4

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&

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Q-J Apr

Bank
'05, 3

ig'd o

n

Apr

3
3

F-A Feb

•05,
•05,
•05,
•05,

Q-J Apr

•05, II9

Jan
Q-J Apr

190

5,

2

3

6HH

1

J

BOSTON STOCK EXOHANaE-Stock

Is

lT6Hil78

307

15V

••^41

....

241

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173
29 S
7734

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103
255

1(,3

255
157

4

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81
81
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122^4 123

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123 Kj 1233,

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197 -2 198

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11612117

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157

157

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178

178

178

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293^

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168
125

'

29 ',
77 H
168

'125

lor Year

ICange tor T'reviOUt

1905

the

Year (1904)

Week

EXCHANGE

'<!3

Mange

Sales
of

Lowest

Shares

Highest

77Hj

167
'125
i67Hj

Atch Top <fe Santa FelOO
IU414
Do pref
100
255 H Boston & Albany
100
15734 Boston KlevHt«(l
100
Boston <fe Lowell
100
178 Boston & Maine
100
Muy'05
Do pret
10(
J'ne'Oo Boston <fe ProvifiencelOU
Boston&Wor Elec Co
77Hi

167

Do

pref

Chic June Ry&

US YlOd

Do pref
May05 Con & Mont Class 4

225
95
28
744
43
27

7778May20 9335 Mar
99 Hi Jan 25
254 Jan 3
xlbi Jan 25
j;241 ilay2B

9 64 Mai
104 Is Mar 9 88 Jan
261 Apr 4 23934 J'ne
158 Hi Apr 28 .i;137 Feb
249 Mario 230 Mar

Jan 6
Jan 18
50 13H2Janl7
17 63 Hi Jan 17
100 150 Jan 13
Jan 9
1 124
186 Jan 4
171

175

305

310

. .

'

H

23 Vj
90

23

231,

90

90

534

4'-2

214 26
134 Sa 134-\
135 135
140
3234

102 s

323,
1033,
4I0

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28 'i
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27
135
135
141

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3334

10338 10334
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173

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Apr 8 166
Apr20 295

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10

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238

109 14 ^107 34 10734
20
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109

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102 102
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8
8
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110

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81

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8

1^2

69
69 14
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23
80 '4

9

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75

23

3«8

334

60

H
6271a 627
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8

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Last Sale
•1
i
IH
Last Sale 50
1338
IS^ i3H
13 H
28-'8
2334 29
29
^•50
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65
-60
1

60

8I4

84

334

AdventureCon

25
25

200

7,803
CopperlOO 12,630

2478 Allouez

82 H Amalgamated
Feb '05 Amer Gold Dredging
10 Am Zinc Lead & Sm.
May'05 Anaconda
1
Arcadian
J'ne'05 Arnold

8H-

645

640

3'«

645

645

S38

645

BostonConC&G (rct8)£l

Calumet

&

Hecla

234

May26
Apr;:4
Jan 25

5

25
25
25
25
1334 Atlantic
25
29 14 Bingham Con Mintfe S 50
•60
Bonanza (Der Co)... 10

Deo

1"

Mar

7138

llO'8-N'or'

j

12 Hi Apr
71 Jan

24 Hi Deo
87 De<J
essNoTi
27Hi^ep^
122HjiJ'eb 152i4Nori
122 Hi Jan 141 ^JTor'
11914 Feb 149 14 Nov,
3 Hi Feb
17 Feb

Feb

9

24

Hi

if or'

9434 Deo
3 Nov
4 sjep^
112HiJan 12234 Deo
714 J'ue 1934X0V

08 Hi Jan

!

6 Hi Jau
7Hi Veo
230 Feb 265 Aug
al61 J'ue 194 Not]
36 Dec 44i4.Aug;
7734 Mai 8434 Oct
173 J'nt 200 Nori
11* Apr
234 NoTJ
118 Feb 141 Nov,
Oct
4 Jaal
Hi
8 Oct
17 J'ly J
208 Mar 243 Noy
9 Not:
6H1 Jau
.19934 Mar iia
Oct
22 Dec 22HiJ'iyi
24 Hi Oct 26 Nov;
Oct J
2 Jan
5
95 Feb 113 J'no;
45i4Feb 61 Hi Deo]
28 Jan 32 uct
6 Hi Mu) 2018 Deo;

:

1

j

77
838
18

•60

May
Ma

Ap

Jan

•75

23 Hi Nor

OHiJ'n

Mai 101

Ljeo

93
too Is Aug 100

Deo
Jan

76

I

34 Nor;
99 Hi Deo
33 ireo
95 Hi Deo

40 Hi Jan
51

Deo

Jail 103

1034 b'KU

7534 J 'ut

Aug

779 Nor,
Mai \2\ Nor
Feb 8234 Deo
•75
Mai 1 Mat
1238 Jan 5
8 Feb 14 Oct
31 Is Apr 1
1538 Feb 2934 Ivor
2 Jan 13 •25 Feb
3 Nor
IHi Feb 23
1 Hi Nor
20
1334 Mario
Feb 22 Hi Nor,
7
35 79 Apr 17
Mai
383, Nor'
19
35 Marl5 39 May I8i6 Nor

f8 Jan 11
247ej'ue23
89 »8 Apr 14

76

ci38io

43

I

330
25

985
2,576

too

1,640
74
25
LastSale 15
Apr '05 Catalpa (Silver)....^ 10
I8I4 •17H» ISi-.!
680
17 Hi
18
17 Hi Centennial
26
•6
6
60
6
614
61, Central OU
26
7
•50
48 •60
•SI
60
•SO
Cons Merour Gold... 6 1,600
Last Sale i5Hi Jan '05 Continental Zinc
26
70 14 70 H
7OH1
69 Hi 70
71H. Copper Range Con Col 00 3,676
1334
650
13
13
13Hi
20
131.J
13Hi Daly. West
621
80
81 14
81
81 Hi
79
81
Dominion Coal
100
LastSale 117
Mfty'05
Do pref...
100
'•^'8
•2
12 '"""e'o
23b
2 Hi
23s
23b Elm River
814
»'4
160
8^8
81«
26
8H1
8 Hi Franklin
6 '8
534
1,736
578
6
5 78
6''b Grauby Consolidated. 10
2234
22 '« 2234
2214
7,712
2234
22 Hi
Greene Consolidated. 10
•434
434
305
434
434
434 Guanajuato Cousol..
5
5
I914 19 Hi
1»
19 Hi 1978
19 Isle Royale (Copper). 26 1,409
734
734
8
25 1,431
Mass Consol
8H)
•78
••76
•78
•85
100
Mayflower
25
141*
14
14
14
Michigan
25 3,226
14 Hi
14
6OI4
60
51
60 14 Mohawk
95b
61
61
25
• 234
3
75
3
3
Montana Coal t& Coke 25
••75
•76
••75
100.
1
1
25
1
Old Colony
253,
25
•24
516
2538
26 H
25
Hi
263b Old Dominion
586
9289
92 Hi 92 'v
91H( 92
25
92''b Osceola
23 '8
22 Hi 24 14
2378 23 'b
23'b Parrott(SUv<fc Copp) 10 1,725
•75
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•50
•50
1
Phienir Consol
26 1,320
1
97
98
331
97
100 100
100 Quinoy
25
1-2
1'4
•IHj
50
Hhode
Island
25
14
134
134
440
1"8
HautaFe(Gold<feCop)
10
17e
17e
719
7 '4
714
71.1 Shannon
73b
10 1,329
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106 110 *108 112
106
110 Tamarack
96
26
3
3
3
3
3
438
3
Tecumseh
26
60
I'eunessee
26
8 '4
HI4
8
8
8
Trinity
795
8
'i!>
2434 26
24 'b United Copper
23Hi
23»a 24 H
100 1,010
283^ 29 14
29
29 ^
20 14
20'4 UuUedSt.atea Mining 25 6,130
10>8 10H>
lOS 10 Hi 10 Hi
10 Hi Unit States Coal diiOU 26
560
46 Hi 46 Hi X4334
44Hi 4634
44 Hi Utah Con (Gold)
6 9,722
3l8
a
8
3
3Si
3
Victoria
275
26
10 14 10 Hi
10
107^
103, Winoua...f
lOHl
26 1,644
109 110
110 110
110
'200
110 Wolverine
25
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loo
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18
70

Ijeo

155

86 14 Mai 97i4Deoi
160 May 173 Xor
89 Jan 93i2Deo:
108 Jan 114 Deoi
16i4J'ly 17 Hi Feb:
37HiJ'ly 43 Hi Deo
143 Dec 146 Hi Deo'

.s

itliniiig

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4
22^8 2234
79 Is 7934

254

242 Hi Nov

i<

'4.

2734

XoT
Xoy

35 Mar'
8'2HiAprl3
182 Mario 136 J'ne 164 uct
132 Feb
Deo
«116Hi J'ne 127
I8934 iMar25 180
J'ne 186 XoV
105HiAprl7 160 Apr 1621-2 Jan
295 Feb 7 276 Jan 285 J'ne
148 Maris 133 J'ne 142 Nov
81 J'ne20 2414 Jan 57 Deo
93 J'ne2i 73 Jan 88 Deo
ISSHiJ'uelU 170 J'ne 175 Apr
23 Apr 3 lli4Sep 24 Jan'
70i8Mar30 6234 Oct 80 14 Jan
25 Hi Marl 4
5 Apr 23 14 Xov
211 Aprl7 185 Hi May 199 uct'
I6734 May25 159 Aug 10312 Apt
233 May23 222 Jan 232 Apr
212 Apr 26 198 J'ne 207 Apr
102 Febl4 74 J'ly 80Hi Feb'
87 Feb 6 68 Mar 79Hi
72 Jan 19 29 Aug 73I4 Deo
17 Mar20
5579 Apr 18 40 Jan 42 Fel>
100i4Feb25 87 W May 95H!J'ly!

,

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8914
IO4I4

Aug 1751-2 Deo
Apr 174 uct
Feb 303 H: Deo

185HiMarl4 158

j;172 J'ne V

•i

*22ir2
891^2

Uipkeat

Lowest

100
1 00
165 165
Conn & Pass Riv pref 100
45 I6OH2 Janl9
Last Hale ^95
Mar'05 Connecticut Rivor...lOO
285 Jan 12
1451^14612 145 147
n45
147 Fitcliburg pref
43 142 Jan 3
100
'81
*81
•SI
86
85
85
50 59 Hi Jau J 6
Ga By& Electric
100
93
93
111
Do pret
100
86 Jan 4
92H!....
•92H» ....
Maine Central
11 175 Jan 24
100
1934
1878
19
19
19
461 13H2Febll
Mass Electric Cos
100
621" 6212
6214
k82 55 14 Feb 11
62 Hi 62 H;
62 14
Do pref
lOU
*2(|i2 21'i Last Sale iy\
May'06 Mexican Central
1934 May 1
100
197 12 198
197 H?. 198
197 Ha 197 H N Y N
& Hart. ...100 14.) 195i4May23
Last Sail- 167\ May'05 Xorthern N H
165 Jan 19
100
Last Sale
May'05 Norwicli & Wor prefloo
232 Jan 24
*207
'207 209
13 205 Hi Jan 6
208 208
209 Old Colony
100
98
5(1
98
98
79 Jan 9
Fere
Marquette
100
'78"*
'"78""
'76
80
138 78 Jan 4
78
78
Do pref
100
50 62 •50 62 17'""
14 50 Apr 13
Rutland pret
100
*15
Last Salt
Mar'"o"6 Savannali Elec com.. 100
15 Jan 13
Last Sale
60 Jan 6
Apr '05 Seattle Electric
53
100
*98
-98
93 Hi Jan 9
"Us" 98
98
9.SH
Do pref
lOU
124 12434 124 1253^ 125 14 I'^ii-'f. Union Pacitic
100 6,032 113 Jau 6 1371s Feb 26
98 14 98 14 *97i4 98^2
99
12 96 Muy23 101»8Feb20
99
Do pref
100
Last Sale 173^2. J'ne'Oo Vermont & Mass
172 Jan 18 175 Mar
100
*97i2 98
98
98
98
13 93 Jan 3 99 Mar21
98 West End St
50
116^2 II6I2 116 II6H2 a;ll4H? 114H'
181 112 Jau 3 1171* Apr 2.3
Do pref
50
Last Sale :^38 Mai'05 Wisconsin Central.. .100
211s Jan 27 25 Feb 23
Last. ale il^Hi Dec '04
Do pref
100
Last Sale 1-17
146 Mar 20 147 Mar28
.4pr'05 WoicNaslicS! Roch-.loo
MiMcellaneoiis
23I4 24
2334
23Hi 24
243b Amer Agrioul Chem.lOO 2,250 19HjJan25 29i8Aprl5
90
90
90
384 86 Jan 3 93 Marl3
90
90
90
Do pref
100
6I4 Amer Pneu Serv
614
4i4Aprl3
534
6
50 5,146
6HiJ'ne22
6
6H
29 Hi
27 Hj 31
SO
27
28
Do pref
50 4,905 20 Jau 17 30 J'ne22
13 7
1371, Amer Sugar ReHn
136 136 H2 136Hil37
loo 3,335 I30I4 Muy23 149 Mar 2
'135 136
1361-2
135 135'^ 136
»4 132 Mtv22 14018 Mar 7
Do pref
100
142 142 "2 143
142 143
14o;
Amer Telep & Teleg.loo 1,65'J 137 Wuy23 148 Jan 4
3434 35^8
21
Jan 23 4o'^Aprl8
3334 34=8
Da's
6,689
Amer
Woolen
100
350b
105
10334 104 H2 104 Hi 105
105
Do pref
loo 2,535 92i4Jan 3 109 Mar31
3 14 Maris
434 J'ne y
J'ue'05 Boston Land
10
4H: Last Sale i>4
"119
119
liyia Cuinberl Telep <& Tel loo
50 119 Mar25 124 Jan
'iVsJ" llOH •119
22 14
2314
223, Dominion Iron & St
23 Ha 233,
23
2,061 17 Jau 24 2479 Mario
•534
•534
53,
53, May 1
734 Jan 10
200
5
6
6
East Boston Land
•244 245
244
83 244 J'ne23 257 Apr 6
24434 245
244 Edison Elec Ilium. ..100
•173 173
84 lG9i8Mav22 191 Jan 17
174 174
"lISHi 175H2 General Electric
loo
44 -Is 441.^
4414
4439 44^8
44H2 Mass'chusettsUasCosl 00 1,098 3314 Jan 6 4534 May 12
8OI4 Janlo 88i4Mayl'2
84 '8 84 'e
8434 843,
8434
8478
1,015
Do pref
100
*185
108 tl85'2 J'ne2ii 206 Apr 29
Mergentnaler Lino. .100
185 Hi *185
-II4
1
Feb ti
2
42
Jau 4
1^4
IHa
IH
exlcan Telephone . Id
IHi
IHi
139 140 *139
140 140
13939 N E Telephone
42 134 Feb 17 140 14 Apr 27
100
234
Last
ill8
Feb
Sale
1
24
May'05 PlantCom t'st stk com 100
Jan 9
*lh6
•13
LastSale 16
10 Jan 6 17 Janlu
Mar'05
Do pref
100
238
134 230 Mtty2;i 252HiFeb2fe
238 Pullman Co
100
237H2 237H2 237 Hj 238
10
19
8 Hi Jan 12 10i4Feb2J
10 Reece Button.Hole.. 10
*9Hi 10
9Hj 10
I07I4IO714 108 108
108
108 Swift <fe Co
166 105 Feb 24 114 Jan 5
100
'05
Last
23
Jan 18 23 Jan Is
Sale
Jan
20
Torrington Class A.. 29
•25 !« 26
26i4Jau 16
26 May
LastSale ^6
J'ne'05
Do pref
25
2 Si Mayjo
4 Jau 6
50
3
3
3
3
Union Cop L'd <& Mg. 25
•2Hi
*2Ha
10334109
10878 1087b United Fruit
813 103 Apr 29 115 Feb2u
108 109
100
9 5 Hi Feb 17
8I1 6 134 Jan
89 Hi
89 H United Shoe MacU... 25
89 Ha 89 Hi
88Hj 90
3138 31
3138
Do pref
25 1,39-J 30i4Mrty 8 39 Hi Feb 10
31Hj 317b
313b
100 1,000 1134 J 'uo s 14 '2 J an 10
U 8 Leather
loo -a Jan 1 108 'a Apr
LastSale 108''a Apr '05
Do pref
100
3479 Jau 4 4434 Apr
Last Hale 39
May'05 U S Rubber
100
10 987eJau 5 117HiA5r
100
Do pret
•'3 Hi Apr
24 's May 2
30
2934
30
30
6,514
Steel
loo
1
29
Corp
30
H(
'4
7b U S
10479 Apr lb
97''4
981-4
97=8
Do pref
100 8,S07 91 May
983b
96Hj 97 7g
••60
•60
Last Sail 50
J ne'05 West End Land
25 ""'"19 •40 MaroO •67Hi Jau2i.
•18
•18
1818
I6H2J ne2o i5-HiFeb 6
19
19
19
West Telep & Teleg.lOO
*100
10078
48 97 Hi J an 24 104 Feb b
101 101
Do pref
100
1007b
14
84
Mayl 1 92 Mar 9
•80
LastSale
Si
J'ne'Oy
Westing
El
Mlg...
&
50
84
99 Mar:;0
91 May
*92
Last Sale 9 J hi J'ne'Oo
98
Do pret
50

Last Sale

*1.87

165

iv

77
•

*125
*i87

•20Hj 21
'1U7 198

Frida<i

June

Last Sa Le 17*
Last Ha le iUU

*2S34

773^

168

1U8

*125
*187

Thursday
June va

8278

3117

*

*lbH

8284

S2-V

103
255
1561-2 157
241 24
'177
178

103
255
150

'

STOCKS
BOSTON STOCK
Kiiilroiids

'82
*102i.^ 103^2
25o'i2ii55V2

'307
29^2

Wednesday
June il

Tuesday
June 'iO

JJonday
Jvne 19

Baturdav
Jxine 17

Weekly and Yearly

Eecord, Daily,

Share Prices— Not Per Centum Prices

'

8 J'ne21
25 14 May 31
1

May

2

45 J'neie
12HlMay2i:
28 May22
50 May 6
534 Jan 26
601
10

Marl8

Mar 14

30
12
64

Mar24
Jan 3
Jan 26

Alii i'2i

11 HiMax3o

60
113

Jau lo

2

May2li
Apr 29

Jaulo

6
Jan 4
2034 J'uel3

3

Jan

4

17 Hi
6

May 23

'75

Mar-.'9
9

3

334

May 19

Apr
Mar
Jan 4 d 14 Hi Feb
SHiJaulo
678 J'ly
•76
Maylb •20 J'ly
1534 Jau 20
7 Hi Apr
33 Marl4 38 Feb
18HiFebl5 1034 Aug
86^4 Mar31
40 J'ue
117 Mar25 103 J'ly
3i4Janl3
13^ J'ne
12 Hi J an lb
7 J'ne
26

May

1

Aprl'2

IHi Jaul'ii
1534 Maria
56HjMar 9
514 Janlb

1 Hi Jau l^
75 .May 2 9
23i4May 1 28HiJuu 3
88 Feb 9 103 Mail4

22

J'uel'ii

50
95

J'ne22

May

4

li4May

1

May

8

1 Hi
tjOg

101
2

Feb 6
aiay23

Feb

3

24 7^ j'ne2o
738 Jau 2b
9

21

30

Hi

3

'4

118

9 14
393b Mar 4
2 May 19
9HiMBy2'.:

105 Jan 4
li8J'nel2
t-Ass'tpaid.

Apr lb
Jau l4
Jauii

Feb 21
Jau i.b
Jau 3
140 Marl 4
3 78Marl3
35 Jan 19
1318 Feb 1
2

Hi

3
9

Mario 23
Jau 25
Apr 6

208

3319

Hi
d,

3

45

1134
46Hi J'ne22
6 Jau 13

Oct

3234

74HiNor
Jan
Jan

36
72

im Nor

4 N'or
16 Hi Nor
511,6

1

Nor;

34 Hi Deo;

Deo
6
May 36i4Nor;
Feb t978ueo:

i

J')i«'

11

Hi

Nor,
ueol

67

Hi

Nor

J'ly

3I1

2 14 J an
•50 J'ui
y I4 Feb

53
2b3.i

(^•50

Feb
Feb

Aug

2

63, .'tug

2i4.Nor
29 14 Deo:
98 Nor
33 Hi Nor

Nor
Nor

t6

Feb 125
Maj
3

80
•50

Nor!

Xoy
Nor
85 May 140 Nor
J'ue
•25
414 Nor
34 Nov 4314 Deo,
J'ue
3HiAuti

10»«

Mai
Mai
Jau

2834

Deo

1'234

Nor

47

Nor,

1.1,

3^4

18
{j

30

I9

an
Jau

J

2 Is J'ne

16HiFeb21
120 Feb lb

09

2 78i,'eb21

•50

t i£it-rigtit!i.

Jan

14

•25
1

34i9Fob

Aprl.-

Apr 15
Jau 6

Mar

20 Oct
02 Hi *'eb

7 14 Apr 18
2334 J an 17

•75

779

Jan 700

•05

6Hii\larl5
3014 AprlO

10

Nor
Nor
Nor
Nor
May

Oct

6
Feb:iO 436

•16

May20 13H2Marl3

lO'sJaU
48

j

J'ne 7 695

16=8
6

8

I

6

3

Hi

18H»Nor,
6 Mar;

tfagNori

Feb 1338 Nor
Jan 110 Nor
Feb t3 .Npf!

aUx-dir. A rights.

^'

5

June

24. I906.|

Week Ending June

June

23

Ask Low

9934 Sale

10238

J-J
J-J
J-J

112-'^.

10234

M-N 129
J-D

89

A-O
A-O 101
M-N

FA

J'ne'04
IOC,? May'Oo

9534

J-J
J-J

M-N
J-D

108*4 109

100

108 Mar'05
109 >8 J'ne'05
109^ Mar'02

109

J-D
A-O

1121^4

AC

102
97
103

109

100

10134

100
»8

10534

'03

140

Apr'05
10034
101
101 May'05

Sale

1921 Q-J

Note— Buyer pays accrued interest in addition to the purchase

Ask Low
High
lOlisMayOS

A-O

A-O
A-O

I'oo'Vz.'ill!!

100

107S8.

J-D

M-N 123
98I4
M-S

MS

J-J
J-J

A-O
A-O
A-O

lOlSg

price for all Boston Bonds.

'

No price

128i8J'ne'04
lOOSgJ'ue'OS
10734 J'ne'05
123
123
98 >4 May'05

75"';

J-J

100

102V

U)0

101

122i2l2r,'^
97 Hi 9pia
9434
93

103 105
104i2lO6i»
*;

102 14 102 "a
70''8lI77

Mar'05
1638Nov'04
25

75

FA
J-D
FA

25

94

98
101

101

103 103
10334 10334
106 106 14

10334 Apr '05
IO6I4 Feb'05

100
100

25

J'ne'03

102'2Auk'04
Sale
98
98
101
101
Sale 103
103

J-J
J-J

'

107i2l08iij-

TI7636J'ne'06

J'ly
J'ly

NY&N Eng 1st 78

1

J'ue'05

100i8Nov'04
12012 Sep '04
10214 May'05
118 Maj'04

102 Vi.

I

1\

Loiv JUglV,
101 4 10-1 Hi'

9315 'di\ 93 Hi May'05
IO4I4 104^2 104 May'05
104'2.--.
104 "2 J'ne'05

A-O

i-i

10534 May'Oo
140»8 Apr'05

,

140
140
101

Jan

102i2Apr'iJ5
98 J'ne'05
1 09^2 Mar'05
102*6 J'ne'O;")
10318 Apr'05

Since'

January

100
100

1905
1st 68
1905
99 »8 9988
951-j 96Sg
1924
Old Colony gold 4s
Oreg By & Nav con g 4s.. 1946
Oreg Sh Line Ist g 68
1922
106 H 108
99>2l00i4 Eepub Valley 1st s £ 6s... 1919
126i2l26'-j Rutland 1st con gen 4'28.1941
ButlandCanartian Ist 4s 1949
126 126
108 lOa^i Savannah Elec 1st cons 08.1 952
IO8I4 109 14 Seattle Elec 1st g 5s
1930
Torrington 1st g 58
1918
Union Pac KB & 1 gr g 4s. 1947
1st lieu conv 4s
1911
101 102
United Fruit conv genSs. 1911
98 100
10734 109 >i! U S Steel Corp 10-60 yr 58.1963
102«8l03S2 West End Street By 48.... 1915
lOSiglOSie
Gold4i2S
1914
10334 loy
Gold de benture 48
1916
139 14058
Gold 48
1917
139 1401s Western Teleph <fe.Tel 5s.l932
29 98 101^8 Wisconsin Cent Ist gen 4sl949
98 101
Wisconsin VaUey 1st 78.. 1909

96^4 J'ne'05

06'4

106^2 107
IOCS, 100 J'ne'OP
12614....
126 Hj Mar'05
12534....
126 Feb'05

J-J

109
101

Week's

Range or
Last Sale

Mich Telep cons 58 tr rec.1929 J-J
Minne Gen Eleo con g 5s 1929 J-J
New Eng Cot Yarn 58 1929 FA 98
1906 A-O 101
New EngTeleph6s
1907 A-O 103
6s
69
1908 A-O
1915 A-O
5s

11134 111^4
"
8934
1

87

•()•_'

A-O

129

129

106s Dec
99 »s Apr '05

A-O
M-S
M-S
M-S
M-S
FremtEUc<feMoVl8t68..1933 A-O
1933 A-O
Unstamped Ist 68
Gt Nor C B & Q coll tr 48 1921 J-J
Begi8tered48

M

105

ibo'^

J-J

W

973f,

10234 10234
9913 997e

100 Sep '04
109 May'05
lOlSg Apr'05

.

J-J

.

Feb '05

87

M-N
M-S

W

.

M

11134 J'ne'05

11134

87

M

9414

99 '8
99 '(
100 J'ne'Ol
129 J*ne'05

993*.

A-0

W

96

.

11104 1^

101 Mar'03
112'-! Jan '03
1121-j Dec '04

FA

1918
1918
1910
Sinking itind 4s
1917
&
Boston
1st
Butte
68
Cedar Bap & Mo B Ist 78.1916
1909
2d 78
Cent Vermt Ist g 4s.. May 1920
OhicBurl & Q extend 48.1905
1919
lowaDiv Ist 58
1919
lo-waDiv Ist 4s
1913
Debenture 58
1922
Denver Exten 48
1927
Nebraska Exten 48
1921
B cfe S 8 1 48
1949
Illinois Div 3>-j8
Joint bonds Bee Gt Northern
Ohio Jo By & Stk Yds 58 .1915
CoU trust relunding g 481940
Oh Mil & St P Dub D 68..1920
Ch & St P Wis V div 6sl920
Chic & No Mich 1st gu 58.1931
Mich gen 58.. ..1921
Chic &
Concord <fe Mont cons 4s. .1920
Conn & Pass B Ist g 48. ..1943
1927
Current Biver 1st 5s
l8t48...l94G
DetGr Bap<fc
Dominion Coal Ist 68
1913
1906
Eastern Ist gold 6s
1915
Fitchburg 4s
1927
48

108

108
102

deben Ss
1910
Non-conveitdeben 5s... 1913
la FaUs & Sioux C 1st 7s. 1917
Kan C Clin <fe Spr 1st 5s. .1925
Kan C Ft S & Gulf 1st 7s.. 1908
1928
Kan C Ft Scott <&
6s
1934
KauCMife B gen 48
1934
Assented income 5s
Kan C & By cfe Br 1st 581929
KanCStJo&CB Ist 78.. 1907
L B & Ft Sm Id gr Ist 7s. .1905
Maine Cent cons Ist 7s... 1912
1912
Cons Ist 48
Mara Hough & Out 1st 6s.l925
Mexican Central cons 48.. 19 11
Jan 1939
IstconsincSs
Jan 1939
2d cons inc 3s
Illinois Steel

Range

Price

Friday
June S3

Bid

Jiigh

9934 100'4
97*6
94

99^8 Jan '02

Bo8t<fe Mon 3d issue 78... 1904 Al-N
Boston Terminal Ist 3 "28. 1947

68

9(37h

J

110 Feb '04
104 »3 Apr '00
117 Feb '04

1944 J-J
Maine 41128
Improvement 48...... ..1905 FA

Bur <fe Mo Kiv ex
Non-exempt 6s

1

an

1023c,

96

1907 J-D

Lowell 48

Low

9934

Mar'05

108
10238 Sale
96 Salf

.

January

Cqir

High

9934
96^4

96 'e Sale

BOSTON STOCK EXCH'GE
Week Ending Jitne 23

Since

or

Last Sale

'J3

Bid
J-J
J-J

Atch & Nebraska let 78..1908 Wl-S
Atch Top <fe S Fe gen g 4s. 1995 AG
J'ly 1996 Nov
Adjustment g 4s
Boston Elect Light Ist 6s. 1908 M-S
1924 M-S
Consol 58

&

Uange

1

26J3

BONDS

Range

Week's

Price

Friday

Am BeU Telephone 4s 1908
Am Telep & Tel coU tr 4s. 1929

<fe

J

Boston Bond Record.

BONDS
BOSTON STOCK EXCH'GE

Boston
Boston

3

;

Dec '04
Deo'04

10414 J'ne'04
1I10278

J-J
J-J
J-J
J-J
F-A

103

J-J

106^8 Sale

M-N
M-S
M-N

110278 102^9

1243412512
103i8li;3i9

99^

-M-S

'05

103i8Apr'05
102

99»2l00
106

Jan

125 12 Mar'05

Mai '02
97

J'ne'06

105 12 J'ue'OG
107 Feb '03
106^8 1067^
1T120

MS

106^8 106

F-A

102 12
104i2Sale

J-J
J-J
J-J

10712I1

Jan

103
105

1191

9]

'05

103
103

w,
Hi
;

IIH4IUI4

IIII4 Apr'05

Friday; latest bid and asked.

iv

IO2I2IO2111"
10534 106 14

103 ifl May'05
1043<
1 04 Hi
1191

111

V

1!92i8l!97'"'8

10534 May'o5
10234 Apr '03

M-N

.;

mis Hj 11133

May'05
J'ne05

io9";ii;;; 109
93I2 1T95is
102 12 Apr'05

F-A

lOi)

IO4I2IO634'

Flat price.

IJ

PhiladelpMa and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
."Share

Prices

— Not

ACTIVE STOCICS

I'er Centiiiii I'l'lcew

Saturday
June 2?
*82
102
25

102

25

50 "s 505^
*.....• 13 Hi

Mond.au

Tuesdaii

Jtine 19

June

WetCnesdai,

June HI

'40

25

25
85

84

H,
Hi

50 Hi 501,
*

13 H;

*1238

13H2

51
263?
11*8

51

61
26 14

13

100
25
85 Hi
50 14

Bonds and Inactive W^k
Stocks see below)
Shares

June 23

83

83
85
*82H2
'lolHi L02i^ *101H2l02.
2514 25'-;
25 >4 25 14
8334 f334
83 H. 84

83
25"

102
25
8534
5OH2

13"

H.

Range

lor Previous
Year (1904

/or Year

1905

the

(J!\)r

tridav

Tliursday
June Ji

Range

Sales
of

Lowest

Mighest

Lowest

Highest

liaitiiiiure
"25"'*

Consolidated Gas
100
Northern Central
50
Seaboard (new)
100
Do Istpret
lOU
Do 2d pref
luO
United By & Electric. 50

'"14"'

40
50
543
160

M3yl6 90
May25 110

83
99

5,847
1 ,200

211. Jan 16

Apr 13
Feb24

47^6

Mar23 89HjJan 1!'
Jan 24 53 Mai 22

12

Apr 24 18

83
Hj

57 Hj Jan 86 Deo
71 J'ne 109HjDtO

Mar 17

26

Mar

3

534 J'ne

5411 Apr 4
2838 Feb 17

43 J'ne
18 la May

16 14 Dl-o

Pliilndelphia
»6034 51
2638 263^
11H« liHl
•10
12
*38
39
•15Hj 16H!

•102 H>
6334

50^8
26^4
ll^s

26I4

UHj

50Hj 50Hj
26 Hj 267s
llHa llHi
IOH2 1034

11H2

"10
lOHi
38 Hi 38^4
*r6""l7i.j *18
103 Hz 105
•103H2
63 '8 64I4
6334
64
64
3^8 31S18

b8
42 Hj 42 Hi

39
19 14
104
64 H?

38^4

19
104
63

Hj

4214

6734
4214
8«i«

67''i6

838 8l5i6

5U4

26''8

26'8
llHi

1138
11

210 48 Jan 3
American Bail ways.... 50
27 Cambria Steel
50 2,098 2434 May2'2
11'4 1138 Electric Co of America 10 3,213 1 Ol- Jan 25
12
12 Gen Asphalt tr ctis
100 1 ,240 io Jan 9
42 14
42
l(t('
Do preltrctfs
1,898 38 S J'ue20
•62
19
19
Lake Superior Corp
100
14 Hj May 24
103 103
167 103 J'ne23
Lenigh C & Nav tr ctf s. 50
63
63
Lehigh Valley
50 3,478 52HjJan 9
Sii^ie
4
875
Marsden Co
100
3 J'ne 1
60 27,019 6513, May22
699i9 69^8 Pennsylvania KK
43 1^ 44
Phdadelp'a Co (Pitlsb) 6(' 3.045 4034 Jan 26
8"ia 834 Philadelphia Electrict. 25 10,467 8 J'ne 6
27 Hi 2734 Phila Bapid Transit J.. 50 6,i00 tl734 Jau 4
50 110,228 39 Jan 1 a
48h3 4914 Reading

*50'2
26^8

12 14
41
19
19
103Hj103H.
63
63

39

315i9 31*18

6814 68iSi9
4234
334
8^4
8-'ifl
25 "s 27%
2738
2738 271-,
27
2553 26''fi
471018 483, fl 47i5ia 483ie 471I16 48i« 47iii8 48-'8
*45'4 46
45^8 45'fe 4534 46
•45 Hi 46
•4414 45
44 Ha 4tHi
44H2 44Hi
44Hj 44H!
59 12 5934
-59
69^4
6914
*59Hj 60
59H2
93 14 943,
92 12 94I4
9339 93 Hi
91
93 Hi

67

*50Hi

6818 6S3ia

42

Hj

42

858

42 »8

Hi

8^4

69 69iiie
43'%
43
SII18 Siiie

fl

27 H2 27 »8

48
*4534
44Hj
5934

48»i6

46

'4534

44H2
5978

'*44»8

59

-19

20

*

PHILADELPHIA

Mid

PHILADELPHIA

Ask

American Cement

BeU Telephone
Cambria Iron

10
50
50
100
Coke.
100

7

49"

Central Coal &
Preferred
Consol Trac Pitts
50
Preferred
50
Diamond State Steel.. 10
\(<
Preferred

Easton Con Electric ^.50
Elec Storage Batt
100
Preferred
100
Germantown Pass
50
Harrison Bros pref... 100
Indianapolis St
100
100
Indiana Union Tr
In.surance Co of N A.. l(i
Inter Sm Po w & Chem. 50
Keystone Telephone ..50
Preferred

58H2

49 H)

Berg&EBrwl8t68'21J-J
BetlUe Steel 68 1998. y-F
Che & D Can 1st 58 '16 J-J

Me 1st 5s 1949 J-J
Ch Ok & G gen 5s '19 J-J
Chocfe

"4

By Ist con Ss 1932
ConTracoIN J Ist 63. '33

Little

Schuy IkiU

59H:

Union Tracton

11912 120

'so"

E & A Ist M

Elec

& Peo Tr stk

Eq

Gas.L Ist g 58 1928
B Top con 58 '25 A.O

H&
26

tr ctfs

II

Indianapolis By 48.1933
Interstate 48 1943 ..F-A
Nav 4Hjs '14.Q-J
1914. Q-F
BBS 48 g

26Hi

ibijae

101
10114
108 Hi
106
88Hi 89
63 Hi 64

10

12

50

6134

MinehiU& Schuyl H..50
N Haven Iron & Steel.

66

50
Northern Central
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
PliUa Co (Pitts) pref... 50
Phil German & Norris.50
Phila Traction
50
Bailways General
10
Susqueh Iron <fc Steel..
10
Tidewater Steel
10
Preferred
United N J EB <fe C. 100
25
TJnitPow & Trans
United Trac Pitts
50
50
Preferred
Warwick Iron<fc Steel. 10
100
WeisbachCo
West Jersey & SeaSh.50
Westmoreland Coal... 50

ibl"34

3'i2

J-D
J-D

Consol 6s 1923

Annuity 6a

12534 127
149
151

New Con Gas 5s 1948 J-D

Newark Pass con 58 1930

"47" NYPh<$!Nolst48'39J-J
Income 48 1939... M-N
46Hj

102 14

NoOhioTraccon68'19.J-J

ibo'ii

96

99

Hi

11534

Gen cons 4s 2003. M.N
Leh V Trac 1st 48 '29. J-D

104
106 Hi

160
100
3

"134

2

Ist 4s '36.. M-N
6s o 1910.. Var
Consol 5s c 1919... Var
Penn & Md Steel con 6s.
Y Can 78 '06.J-D
Pa <fc
A-O
Con 6s 1939
A-O
Con 48 1939
Penn Steel Ist 68 17 -N
People's Tr tr certs 48 '43
P Co lst<fe col tr 53'49 M-S
Con<fe col tr 58 1951M-N
Phil Elec gold trust ctfa.
Trust certifs 48

271

3Hj

60

•Bldand asked pnoes; no

sales

on

M

78 1911

J.D

U Trac Ind gen 58'19. J-J
Un Bys Tr ctts 4s'49J&J
U Trac Pit gen 68 '97 J-J

Coalife It on. 100
Pref
100
Atlanta & Charlotte. .100
AUan Coast Line BB. 100
Atlan Coast L (Conn) 100
Canton Co
100
Georgia Sou<fc Fla...lOO
Ist pref
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck

Bonds
Atlcfc

Ch

&

PotSs

Ist 7... 1907 J-J

Atlan C

Penn gen

Atl Coast L(Ct)ctf8 58 J-D
Ctfs of indebt 43
J-J
6-20 yr 48 1925
J-J
Bait C Pass Ist 6s '11 M-N
Bait Fundg 58.1916 M-N

tlua day.

M

U Bx-rlghts.

II

L BB4»1952M-S

Exchange 3 Hj8 1930 J-J
& P l8t 68 m r 1 1 A-O

Bait

Bait Trac Ist 58. .'29 M-N
lU
No Bait Div 68 1942 J.D
104
Convertible Ss.'Oe M.N
104 Hj
102 Hj 1023< Cent'lBycon58l932 M.N
Ext& Imp 58.1932 .M-S
70Hj 71 14

103 Hi
1103,

$7-60 paid.

t$15

paid.

%

$10

paid,

i

9

Feb

SHjJ'ly

3334

Feb 59 '8 Deo
Mar 4 Hi Nov
Mar 70 Deo

'2^8
5 5 's

37'8.Ma)

124

Jan

81

May 08

Deo

1934

Oct

22

J'na

BALTIMORE

Bid

Ask

105Hi
92H!

94

Cliarl Ccfc

119
113
113
106
108 Hi
117
110

114
106 Hi
109

A ext 5s. '09 J-J

Sub(Was)l8t5s'48
Coal & I By 1st 58 '20F.A
City<fc

Col&Grnv

1st 68.1916 J-J
Consol Gas 6s... 1910 J-D

1939 J-D

GaCar<S;Nlst5sg'29J-J
8438

63
1<

Georgia P Ist 6h. ..'22 J.J
GaSo & Fla Ist 5s 1945 J -J
G-B-S Brew 3-4s 1951M-S
2d income 58 1951 M-N
Knoxv Trac 1st 58 •28A-0
LakeB El 1st gu5s'42M-S

MetSt(Wash)l8t58'25FA
70
65
9814 Mt Ver Cot Duck Ist 5s.
90
Incomes
160
Npt N&O P Ist 58'38 M-N
163
161
General
5s.... 1941 M-S
390 415
NorfoUc St Ist 58 '44.. J J
95
93
30
37Hj North Cent4Hj8 1925 A.O
Series A 58 1926
J-J
97 Hi 102
Series B 6s 1926
J-J
75
68
Pitt
Un
Trac
53
J-J
1997.
9
8Hi
PotoVal Ist 58 1941. .JJ
'34
.Sav Fla & West 5h
A-O
Seaboard AL48 1950A-O
IO514 10534 Seab & Koan 5a 1926. J.J
South Bound Ist 58..A-0
106
UEl LifeP 1st 4Hjs'29 M.N
101 Hi 102
114
117
92 Hi 94
94 Hj 95 Hi
105 Hj 106 14
117 119
107 108
113
117 119
119 121
10084 101 14
116 .117 14
II8I4

$20 paid.

59i4Deo

4534

QaA Ala 1st con 5s '45 J-J

Hi

84

Oct

8

Chas City By 1st 5s '23 J-J
Chas By G <fc El os '99 M-S

58

102
99

4333

May tlO'sDeo
Jan 19 Nov
19HjMar 4II4 Deo
38 Mar 46 Deo
28 Mar 42H2Deo
115

2d 78
1910 A-O
U2Hi City <fc Sub 1st 6s. .'22 J.D

122
104

Deo
III4X0V
14HjNot

Aug 44 Hi Nor

106

Hj

Oct

51
26''8

20

105

BALTimOKE
Inactive Stocks

'.'

734

11 634
lllHj

Welsbach s f os 1930. J-D
Wlks-B G&E con58'53J-J 102

No Penn

'

61

Con

Feb

Mar 9 63 May 19
J'ne 5 1253t>Aprl8
Feb2» 28 Jan 17

6 g '20. A-O

ConM 68gl9H....J-D
Ex Imp M 4s g '47. A.O
ConM of '82 48 '37. J J
Terminal 58 g 1941. Q-F
P W & B col tr 48 '21. J-J

4934 jMar 9

Jan 9 4614 Mar

Ask

Bid

li's Feb20
17 14 Jan 27
49 Jan 26
25i4Mar 4
no Hj Feb 14
70 Feb 25
534 Jan 17
7334 Marl
48HjMar27
12HiApr27
J36 Aprl7

May20 47

Gen M 48 g 1920.. A&O 104 Hj
Ph & Bead 2d 68 '33. A.O

Anacostia

N

260

E gep. M

Ala Cons

GenM4Hi8g.1924.y-F
Leh V C 1st 5s g '33. .J-J 114H)
Leh V ext 4s Ist 1948. J-D
M-S 117
2d 7s 1910

50

<fc

By con 58 193<)
Boch Byife L con 58 '54 J-J

Lehigh
9

1,247
3.073

45
42
58 14
90
20

Bochester

ill'

M-N

58 1920

6U

PHILADELPHIA

Ask

115 116H!
102 14 10234
110
90

502

50
50
50
50
100

96I4 United Gas Impt
21
WeisbachCo

P

46
117
110

''fl

Do Ist prel
Do 2dpref

46
4a

Col St

16
78

Keystone WatchCase.lOO
Lit Brothers

Sid

Bonils
Al Val E ext 78 1910 A-O
AmBy3conv58 1911. J-D
Atl City 1st 58 g '19. M-N
BaUs Ter Ist 58 1926. J-D

Inactive Stocks

Hj

9514

94

94

51

Un By &

El Ist 43 '49 M-S
Income 48 1949.. '...J.D
Va Mid 1st Os 1906.. M.S

2d series 68 1911... M.S
3d series 68 1916.. M-S
4th ser 3-4-58 1921. M-S
58 1926. M-S
Va (State) 38 new '32. J-J
Fund debt 2-38 1991 .J-J
West N C con 68 1914 J J
WesVa C<feP Ist 6g'll J J
Wil & Weld 58..1935.J.J
5tl) series

llOia
116H! 117 \
H2Hi 113
;

113
125
115
60
23Hi

104
116
118
77

60 14
29
120
77Hl

92 Hj

95

lllHj

110
119
119
112
118
116

119 li

8-34

114
112
95

Hi

9334
6IH1

"89"
114
97
94
62

102Hj

110
114
1!2

114

II5I4 116
96I4 98
9714 984

110
113
118

119
114
1!21

—

——

—

.

THE CHRONICLE.

26(4

Volume

Stocks

Week ending
June S3
iyu5

Monday
.......

Wednesday
Thursday
Friday

Bonds

82.920

J6,739,.'->00

204.9t^0

18,19:^,500

Indianapolis Gaa
1st g 53 1962

395,221
901,899
863,482
875,913

34.503.650
80,624,900
76,286,700
77,591,300

10,000

No Hudson L

Exchange

1904

1905

—

January

Week ending June S3

Sales at
Xlew York Stock

1 to

$17,000

.

$432,400

5^17,000

$1 ,000

BB. and mis. bond s

6,977,800
12,175,500

385,000
13,448,000

$275,400
90.307.100
469,498.900

1,234.200
297,613.000

Total bonds... .

.tl9, 170,300

$13,834,000

$560,081,400

.$299,279,600

DAILY TRANSACTIONS AT THE BOSTON AND PHIIMJJELPllXA

EXCHANGES

23
76
Pat & Pas Gas &
H Cong 5s 1949.... M-S 8105
St Joseph Gas 58 1937. J-J 8 97 »2

Week ending
June 23

lAsUd

lyuo

.

Monday
Tuesday

Wednesday .

35,(»o0

Thursday

25,766
22.141

3,138
7,6J1
16,636
6.227
9,166

109.338

42,788

Total

Unlisted
shares

Listed
shares

sates

HOLID AY

8,318
lb,053

Friday

Bond

Unlisted
shares

share'

$6 ,000
96,500
29,000
16.000
16,000

11,617
22,756
13,887
40,654
38,645
48,105

$218,500

175,664

1

J-D
EleclOO

6s 1926

Telephone
Tcleffr
TlAmerTeleg<fe Cable 100
iICentral& So Amer. 100
Commer Un Tel (N y).25
Emp <fe Bay State Tel 100
Franklin
100
11Gold<fe Stock
100
Mihs, 1905
Huit.son Biver Teleph 100
UN
J Teleph... :00
II North western Teleg. 50
Pacific & Atlantic
25
H Southern & Atlantic 25
Electric

Bond
sales

3,446
7,160
13,512
36,635
26,984
20,98 J

$25,600
43,700
48,100

108.726

$312,940

4i!,000

88,100
65,440

Weekly Review of Outside Market will be found on a preceding page.

H& NY Ist 6s

NEW YORK

CITY
Bleeck St & Ful F stk 100
Hist niorl 48 1950 ..J-J

33
95
240
104

36
98

B'waySurll8t58gu 1924 U08

110

2d 58 int as rental 1905
1ICenflCro88t'n8tk..l00
TilstM 63 1922 ...M-K

340

360

ni7

121
10
185
Ust

.'45
HB'y <fe 7tli Avestk ..100
107
1I2dmorl 6sl914 ...J-J
Exch
list
Stock
1943
See
58
Con

HCenPkN&ERstk.lOO

& lOtU St stk 100
Dry D E B & B—

flChr't'r

205
175

Col& 9th Ave OS -See Stock Kxch

,

58 1932... J-D
^^Sc^ip 58 1914 ....F-A
iflst gold

11

Eighth Avenue St... 100
liScrip 68 1914 ....F-A

1I42d&QrStF'y8tk..l00
42dStM & StN AV..100
Hist mort 6s 1910 .M-S
fl2d Income 68 1915 J-J
InterboioughBapTr.lOO
LexAv & Pav F53 See HI

:

114
100
386
103
400
50
107
80
202
k Kic
Stk E
Stk E
185
205

Metropol Securities .S'ee
Metropol Street By *ee
Ninth Avenue stock. 100
Second Avenue slocklOO
Tllslmorl 58 1909 M-N n03
Consol68 1948-.. . F-A «115
Avenue stock 100 170
SSixth
on Boulev 6s 1946. .J-J il02
:

ctfs 2% to H% perpet
Coll trust 5s gold notes
1909 optional
M-N

Tr

99>a 101

i

North Jersey St By 100

202 7fc
list

X

list
list

192
210
104
116
178
106
108

SoFerlst 5s 1919. ..A-O U05
Xliird Avenue -See Stock Exch list
P <fe M 58 1928 n05 108
Tarry

f

W
yker8StIlli5sl946A-0
& 29th

Sts Ist 58 '96
HTwenty-Th'd St stk 100
J-J
Deb 6a 1906
Union By Ist 68 1942 F-A

28th

We8lcheBtl8t6s'43J-J

J106

nl2Hi 114
398
100

{HO
HIO

415
101
112 ^i
113

BEOOKLYN
Allan

Ave

5s 1909. .A-O

n02

Con 68 g 1931
A-O 113
Impt 58 See Slock Exc list
B B & W K Ds 1933. .A-O 100

103 Vj
114

li

Brooklyn City slock... 10

238

Con 08 See Slock ExOi
Bkln Crosstu 6s 1908.J-J
BknHgt8l8t58 1941 A-O

list

Seetilk
Bklyn Bap Tran See Stk
HConey Is. <fe Bklyn ..100
Istcons g4s 1948-.J-J
5s 1939.J-J
Brk C &

Exch
Exch

BltlnyCo&Sub

N

OrSUfcNewl8t68'06F.A
Gr'pt&Lorlmer St Ist 6»
Kings Co. Elevated
let 48 1949

See Stock

Nassau Elec pref
6b 1944

325
99
113
100
102

Exch

loo

75
110

A-O

I8t48l961
See St
N Wb*g&Flall8tei4'2h
Steinway Ist Os 1922.J-J

OTBEB CITIES

102
104

k

101

i-j

•240

105
list
list

100
116

novh

of

list

113
list

104
121

N J-.- 100

No Hud Co By 6s'14J-J
5s 1928
J-J
Ext 5s 1924
M-N

1911.J-J

82

Ask

U3h
11212
381-^

81
91
Ust
120
70

98
78
83
109 >a
114

no9

no3
ai2

40
95

28
95

76'a

92^2
16

69
165
275
32
t
72
t

95 la 99
105 "4 106

1st 5s 1947 See SUick
Consol Gas of
J
100
Ist 68 1936
J-J

N

Exch Uat

Buffalo Street By—
892
Istconaoi 68 1931..F-A ni3
114
Consumers' L
<& Pow—
Deb «8 1917
A.O }106 107
6s 1938
J-D 8110
Chicago City By
See C hlcago llHt
IjUetrolt City Gas
50
96
Columbus (O) St By. .100 100 101»< Elizabeth Gas Lt Co. . 100 t 270

U

90

h

6

Camden Land

3

lO'i

103
I4II4

10
7

33
78
4i

14i

17

20 4i
42
65
104 4l
....^

2214

109
94

Hi

300
36
77

105

109

20

30

2

4
3

24
110
160

2?

lOSg

26 42
76
25
62

165
11
zl
79
28
67
10
60

101
247e 26^2

Mont & Boston Conaol .6 t
Mortgage Bond Co. ..100 116

83
50
50

Mosler Safe Co
100
116
Nat Bank of Cuba. ...100
Nat Ena& Stamp i'eeStk Exch list

5

123
t
67
11^2
69^4

12i
95
241^1

74
102

8

66
94
I

t

97
2

63
9
190
266

84
61

6^4

126
76
1134
6934

127
99
25

76
103
66 14
94-4
l"*

105
4
68
12

200
285

Exch
Exch

list
list

35
97

40
99

4'4

29

434

2912

88 Vj 89 Hj
t

Casualty Co of America
Celluloid Co
100
Cent Fireworks com. 100
Preferred
100
Central Foundry
100
Preferred
100
Deb 6s 1919 op 'OlM-N
Central Leather (wi). 100
Preferred (w 1)
100

New 68 (w 1)
Century Realty

100
Cliesobrough Mfg Co 100

326
Chlc<fe North West rights
Preferred
loo
llOi-ji Kssex <& Hudson Gas 100
127
128
City Investing Co...
Colam By con 6s <S'e« Ph Ua Uat
Fort Wayne 68 1926. .J-J
40
48
llCUifliu (H B) com.. ..100
CroMt'wn l8t68'33.J-D 108
Uasifc El Bergen Co. .100
00
62
lllst preferred
100
Grand Baplda Hy
100
69
63
Grand Bapida Gas
1I2d preferred
100
Preferred
loo
89
UlBt 68 1916
F-A
}10l
104
Colo
InduatriaL
See
Stoc
Lake hi (Chic) Kl
Set C litcago lint
Hudson Co Gas
100 llOVj U2
I Bujcr pays aocrueU mteresU 1Prlo«
p« sUmo. ttial* prlo^ a Ex rlgUta. xax OlT, INew stock. Sella
H

10
35

7
International SUver.lOO
47
Preferred
100
1st 68 1948.
J-D 810642
16 4i 16 '4
Lanston Monotype
20
Lawyer.s Mort Insur.lOO 170 180
35
1lLeh<fc Wilkesb Coal. 50
Lord <fe Taylor
100 109 42 115
102^4
104
Preferred
loO
ITLonllard (P)pref ...100 145
39 4l
Mack iv Companies ..100 39
72
73
Preferred
loO
20
25
Ma<lisou Sq Garden. .100
70
90
2d 68 1919
M.N
13
942
HManhatt Beach Co. 100
3
Manhattan Transit
20
7
Mex Nat Construe. pflOO
10
Monongahela R Coal. .50
24 4j
Preferred
50

IINew Central Coal

British Col Copper

2"«

24

200
8102

Iatg63l951

Industrial and Miscel

&

19
70
6

t

Borden's Cond MUk.. 100
Preferred
100

Biughamton Gas 5s 1938 8 97 100
Brooklyn Union Gas deb
68 1909 conv '07-. .M-S 170
6 '4
Butlalo City Gas stocklOO
7

101
60
96
29
96

71
165

,

'

1

Intornat'lBankingColOO
Int'n'l Merc Marine. 100
Preferred
100
Col tr deb 4 '2l922op'07
International Salt
100

111

100

Va<Si South western. .100

Algoma Cop

=*!«

1093i

2'2

106

92
65'*

36
24 Hi 27
33
38
80 hi 81

100
100

Oil

Preferred
Hudson Realty

National Surety

127
104

CITIES

Light & Tract- 100
Preferred
100
Bay State Gas
50

Houston

77
02

2h

NY&

Amer

i^ Hoboken Land & ImplOO
115s 1910
M.N

Railroad
Chic Peo & St L pref.lOO
Deposited stock
Undeposited stock
Priorlieng4ii2s'30Mi&S
Con mtg g 58 1930. J&J
Income 58 1930
IIFort Wortli <fe Denver
City stamped
100
Northern Securities.. 100
Stubs
Pitts Bess cfc L E
60
Preferred
50
Seaboard Air Line
CoUtr5sl907 op. ..M-S

New common (w i)
New 1st pret (w 1)
New 2d pref (w 1)

255

26
J76
125

3h.

M-N

Smelt
8105 107
AUiance Realty
100
Pat City con 6s '31. J-D 8124
HAmer Bank Note Co. 50
2d 6s. ...1914 opt A-O jJlOO
American Can com... 100
So Side El (Chic)
See C hicago Ust
Preferred
100
Syracuse Bap Tr 5s 1946 8108
109
American Chicle Co.. 100
Trent P & H 58 1943J-D 8103 106
Preferred
100
United Bys of StL—
Am I ce Secunt's ( w i) 100
30 14
Com vot tr ctfs
30
100
Debenture 6s
81 14 Am MaltingOs 1914.J-D
TJPreferred
81
100
Gen 48 1934....SeeStk Exch list
American Marble
100
UnitRysSanFran jSeeStk Excli list
ist conv g 53 1914 -MS
Wash By <fe El Co.. ..100 34^8 35
American Nickel
lo
Preferred
90
100
Whi Amer Press Assoc'n.lOO
48 1951
J-D 891* 89^4 Am Soda Foun com. .100
45
TlWest Chicago St ....100
50
1st preferred
100
68
1936.
...M-N
UCong
85
2d preferred
100
American Surety
50
Am Tobacco (new) com
Pr ef d
See Stock
Gas Securities
4s and 6s
/S'ee Stk
NEW YORK
Am Typefo'rs com. ..100
Cent Union Gas Ist 58... 8107 109
Preferred
100
Con Gas (N Y) stk. See St k Exc h Ust Amer Writing Paper. 100
Conv deb 68 ctfs SeeStk Exch Ust
Preferred
100
TlMutual Gas
100 290 300
J-J
58 1919
New Amsterdam (J^as
Arizona Con Mining.. .50
Ist consol 58 1948. .J-J 5111
112
Baldomero Mining
5
N Y <fe East Biver Gas—
1|Barney«fcSmCar ...100
1st 58 1944
J-J 8113
115
100
1J Preferred
Consol 5s 1945
J-J 8109
112
Bethl'm Steel Corp. ..100
Richmond Qas.lOO 35
Preferred
100
Nor Un 1st 58 1927. M-N 8105 108
CoU,tr.g.8.f. 68 1914..
130 150
Bliss Company com
60
11 Standard Gas com ..100
llPreferred
100 155 170
Preferred
50
ist 68 1930
M-N 109 112
Bond& Mtg Guar. ...100

OTHER

Exc h
101

ni9

1933
J-D
New'k Pas By 5s '30J-J
Rapid lYan St By.. 100
l8t58 1921
A-O
J C Hob& PatersonlOO
4s g 1949
M-N
So J Gas El & Trac 100
Gug58 1953
M-S
1st 58

109
85

«97
29
«77ia

Cons Trac

410
70

69

M-N

let 48 1948

116
102
400

X

Street Railwaya
Bid
HLouLsv St5sl930..J&J iirs
Lynn<fc Bos Ist 5s '24. J-D nio
New Orl Bys Co (w i) 100 38
Preferren (w 1)
80
100
New4Hj8 (w i)
S90
North Chic Street ,S'ee C hicago
Pub Serv Corp of N JlOO 115

100
100

2d preferred

N Y & E R Ferry stk. 100
Ist 5s 1922
M-N
N y& Hob con 5s'46.J-D
Hob Fy Ist 5s 1946 M-N
N Y >r J 1st 5s 1946.J-J

Tll8t5sl920

Ask

85
106

1st preferred

106
72
91
8109
8110
8106

80

43»
Greene Con.sol Gold... 10 t 4's
9
Greene Gold-Silver.... 10 t 7'.,^
26
HackensackM ea<lo ws 1 00 23
Hackeusack Water Co—
9619
Ret g 48 52 op 12. ..J-J {94
90
91
Hall Signal Co
100
Havana Commercial. 100 12

171
128

Ferry Companies
Brooklyn Ferry stocklOO

AsM

65

85

ConsolidCar Heating 100
60
16
TICona Firew'ks com .100
UPreferred
67
100
514
Cons Ry Ltg&Refng.lOO
Conaol Rubber Tire.. 100
l\
22
Debenture 4a
Cons Storage BatterylOo
Cramps' SlicfeEn BldglOO
:io
lOH
llCrucible Steel
100
61»8
UPreferred
100
101
Cuban 6s of 1896
1
lllSi Del <fc Hud.son rights
IJDiamond Alatch Co. 100 140
Dominion Securities. 100
Douglas Copper
5 t
Electric Boat
29
100
78
72
Preferred
100
106
Electric Lead Reduo'n.50 t
%
100
Preferred
50 t.
Electric Velucle
154)
100
20
Preferred
100
93
Electro-Pneum'ic TranlO t
%
Ola
127
Empire Steel
100
35
Preferred
100
60
85
IIGeneral Chemical ..100
UPreferred
100 102
126
Ga & Tenn Copper
5
Gold Hill Copper
1 \""K
22
95
Greene Con Copper. ..10

Hernng-HaU-MarvlnlOO

Transi) Ist 58 1906M-N
loth & 23d Sts Ferry 100
1st raort 5s 1919.. .J-D
HUnion Ferry stock .100

Outside Securities
sf^

93
167
125
80
102

Bid

101
60
103
105
35
29
110
137
91

Companies

NY & SoBlykn Perry <feSt

Street llnilways

115
80
47
121

Y&N

<fe

A

90
120

Industrial and .lliscel
Col & Hock CoalA I pf 1 00
Ist g 58 1917
J-J
Compreased Air Co... 100

Chicago Edison Co See C hicago list
Preterred
UKingsCo El L&P Co 100 178 185
100
Havana Tobacco Co.. 100
Xarragan (Prov) El Co 50 (a;loO 103
Preferred
N Y <fe Q El L & PowColOO 50 58
100
80
89
l.st g 5s June 1 '22. J-D
Preferred
100
25
HeckerJones-Jew'! JMiU
United Electric of N J 1 00
lsl6.s 1922
M-S
48 1949
J-D 874='4 75 1^

Philadelphia

Boston

3

&

1904

i

State bonds

A-O 8110

.

133.919.119
50,340,283
1,175.102
3.324,395
Stocks No.shares
t.293,939,550 $113,717,900 $12,467,448,275 $4,685,437,526
Par value
$358,0)0
$465,600
$32,800
$9,500
Bank shares, par.

BONDS
OoTernmentbond.3

97
40

HO & Ind C Nat & lU 100

June 33

1905

81
i

H & Pow—

08 1938

$12,175,500 $6,977,800

3.324.395 $293,939,550

50

A-O

97
30
Log&WabVlst6s'25.J-D
24
Madison Gas 68 1926. A-O 8106
Newark Gas 68 1944-Q J 8136
Newark Consol Gas. .100 90
S-D 8111
llCon g58 1948

l.st

Total

A-O

100
IILaclede Gas
100
UPreferred
100
Lafay'eGaslst68'24.M-N

$7,000

1.393,500
1,078.500
1,011.500
594,000
1,321,800

1,979,000
1,553.000
3.081,000
2,817,000
1,978,500

Ask

25
35
70
104 12 105

50

Jackson Gaa Co
03 g 1937
Kansas City Gaa

Bonds

767.000 $1,578,500

$

Bid

M-N

Ist 6s 1908

U S

State

die

Bonds

Par value

Shares

Saturday

Sailroad

[Vol. lxxx.

Gas Securities
Indiana Nat & IB Gas—

Business at Stock Exchanges

of

TBANSACJTIONS AT THK NEW YORK STOCK EXCHANQE
DAILY. WEEKLY AND YEARLY

Tuesday

1.

291,

"if"

2934
2

125
42
105
175
23
66 4i

100
20

N Y Biscuit 6s 1911. M-S
N Y Mtge& Security. 100
HNew York Dock

100
UPreferred
100
N Y Transportation... 20
Nor Am Lum'r & PulplOO
liOutario SUver
100
Otis Elevator com
100
Preferred
100
Phoenix Mining
1
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal See Stock
Pope Manufacturing.lOO
Ist preferred
100
2d preferred
100
Pratt <fe Whitn pref.. 100
Bealty Assoc (Bklyn)lOO
Boyal Bak Powd pref. 100
BusseU <fe Erwin
25
Safety Car Heat <fe Lt 100
Singer Mfg Co
100
Standard Coupler comlOO
Preferred
100
Standard MilUng Co. 100
Preferred
100
5s

»8

120
100

\

8

on Stook £xohang^

•

25
673*
84i
l"*

104
40.

5e.

t

26 '4

26 4j

f

4634

Exch

list

6

7

74
20
100
156
108

78
21
160*

110
63
260
650

61

250
630
25
120
742

29
76
620

N

l>ut ttot

180*'

3 y
52
108

I

50

Standard Oil of
J. .100
Storage Power
50
Switt & Co See Boston St k Exc
1st 58 1910-1914. ...J J 810242
Tennessee Copper
26 f 26
76
IITexas & Paoilic Coal 100
Ist 6s 1908
A.O 8105
1874j
Title Ins Co of NY. .100
Tonapah Min (Nevada). f 1342
17
Trenton Potteries com 100
93
Preferred new
100

23
130
29 "u 30
75 Ki 77
103
140 160
130 145
400 410
150 Hi 153
113>.. Trow Directory new. .100
112
10
6h 63, Union Copper
f
1
'18
f
Ho Union Typewr com.. 100
140 145
let preferred
100
2d i)ref erred
128 132
100
15
20
100
U. S. Casualty
ColU)U
Duck
100
67
71
S
U
3'4
3'2 U S Envetopo com...lOO
UPreferretf
20
100
18
75
78
U S Steel Coi-poration—
4434 i5h
Col trsf58 'Slept '11 .
103 Hi 104
Col tr 8 158 '61 not opt.
89834- 99
U 8 Tit Gu<fc ludem.lOO
Universal Fire Exfr. 100
155 163
440 480
Universal Tobacco. ..100
100
14
Preferred
i
Weatchester & Bronx
106 110
106 110
Title & Mort Guar Co
99
Westingh Air Brake.. 60
96
White Knob Mln (w 1)..
100
Preferred (w 1)
k Kx tut
Worthing Pump pref.lOO

135
45

9

,

sa
79
624

.

h'ge
103 If

26

85
110
192
14
19

97
65

"^

t

80
116
113
200

83
120
116

;

;

17

90

92

8112
8112
124

127

6

7

168
tl44

175
1

a^
119

121

i

a very active geciirlf/

—

.

..

June

.

1

..

..
....

THE CHRONICLE

24, 1905.
|

2615

and l^ailroad |titjelligenx:e«
RAILROAD GROSS EARNINGS.

Inxrjestmjetxt

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 sucli latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are brought together separately on a subsequent page.
period.
LatMl Qrogs Earnings

ROADS

Week
or Month.

Ala Qt Southern. Istwk J'ne
Ala N O & Texa^ t^aeiiio.

NO & No East. 4th wk May
Ala

&

Vioksb'jj

4thwkMay
4thwkMay

VickBb 8h & P.
Allegheny Valley April.

Ann Arbor
AtohTop&SFe.

Atlanta & Char..
Atlantic &Btr...
Atl Coast Line...
Bait & Ann S L>.
Bait & Ohio
Bangor & Arooet
Bellefonte Ceut'J
Brldgt & Saco R.

ButtRooh&

flctb

Buttalo (feSuBQ...
CallSorthw'n.
Canadian North..

Canadian Pad tic

Cent'l of Geor«in

Cent'lofN Jerse.^
Chattan South'n.
Cbesap &. Oliio...
Chlo& Alton Ry.
Ohio Gt Western

ChlcInd&L'v...
Chlo Milw & 8t f
Chic& North W

PM

&0.
Chic St
Chlo Term Tr RK
Oin N O & T Pao.
CI Cln Ch & 8t L.
Peoria (feEast'n
Colorado <& South
Col Newb A Lau.
Copper Range....
Cornwall
Cornwall ALeb..
Denv. A Rio Gr,
.

Det & Maclilnao.
Detroit Tol. & Ir.

DulSoSh&Atl..
Brio •.•••••..•••.
F'rchild&N'r'e'n

FarniT & Powhat

Fon Johnst& Gl.
Ft W & Denv City

Georgia RR
6a South & Fla..

Gr Trunk Systeui
GrTr. West'n

DetGrH&M..

Great Northern..

Montana Cent'J
Total system.

Gulf&ShipIsland

Hocking Valley..
Illinois Central..

lUlnois Southern
IndIU& Iowa...
Int & GtNorth'ii
llnteroc(Mex)...
Iowa Central

Kanawha & Mlcli
Kan City South'n
LakeEne&Westn
Lehigh Val RR..
Lexlng & East'n.

Long Island
Louisiana & Ark.
Louisv <fe Nashv.

Macon

& Birm...

Man'teeik Gr. tiap
Manis <& No £as;

Manistique
Maryl'd <te Penn..
JMexican Cent'l..
j.Mexican litem.
(Mexican Ry
JMexicanbouth'u
Millen

it

So'w'n.

Mineral Range..

MViueap

it

St

L

Mo K.an TexatMo Pac & Iron Mi
<fe

Central Branch
Total

Current
Year

1 to

Current
Year

Previov^
Year

59,346
91,188
44,865
48,528

July

56,039

ROADS

f^evious
Year

MStPA

3d week Mar.
4th week Mar.

(48 roads).
(49 roads).

week Apr. 43 roads).
week Apr. (42 roads).
week Apr. (43 roads).
4th week Apr. (40 roads).
Ist week May (42 roads)
2d week .May (42 roads)..
3d week May (41 roads).
4th week May (46 roads).
1st week June 42 roads).
2d week June (38 roads).
Ist

2d
3d

'-

1

Month

July

Current
Year

Previous
Year

S

$

Date

I to Latest

Previous
Year

Current
Year

StM. 2dwk June
Mob Jack & K 0. WkJ'ne 3
68,115 2.326,108 2,236,639
Gulf&Chlo Dlv.
37,102 1,258,410 1,194.405 M;obile& Ohio... 2 dwk June
3,095,708

2,894,589

41.208 1,321,743
65,348
36,110 1,832,708
5,619,278 56,649,953
332.146 2,804,50!)
55,419
837,835
1,759,071 18,168,081
14,970
133,997
5,242,966 61,921,894
177,240 1,777,680
4,865
51.307
2,841
37,958
160,727 7,728,655
74,96i
924.538
133,815 1.391.683
67,900 3,650.100
987.000 47,989,723
147.500 9,725,116
1,924,915 20.673,526
115,214
1,860
1,641,959 17.075,335
783,172 10,028,702
144,792 7,254,120
102.351 5,325.317

163,599 126,780 8,205,668 6,574,570
590,118
475,550
11.118
12,121
143.004 126,383 7.821,992 7,362,606
857.180 845,251 9,284,198 9,335.295
NashCh <feSt L.. May..
234.776 214,592 11,183,779 10,990,552
;Nat'l RRof Mex 2dwk June
199,67"
173.85920,30)
18,262
Nev-Oal-Oregon vlay
28,828
25,658
3,311
1.901
Nevada Central. tVpril
7.137,502 6,369,999 74,236,108 71.130,848
HudRlv May
N
590.554 534,303 5,747.091 5,439,613
-V Y Ont<& West. April
246.652 231,998 2,240,044 2,148,605
N Y Susq & Wesi April
Norfolk & West'i: Aiiril...... 2,098,520 1,909,651 19,697,413 13,811,476
858,702 898,602 8,515,681 8,353,881
Northern Central April.
4,403.244 3,71'1,114 47,229,037 43,414,283
North'n Pacltlo.. May
172,900
165,784
15.870
16.692
Ohio Riv<fe West.. \prll
475,504 442.969 5,056,604 4,788,765
Pacltlo Coast Co VpiU
10855677 10368277 100847097 99,283,097
ePenn— EastPAt April
Inc.-Z:Zi 4,100
Inc. 2 73,900
eWest P & E. . April
Pere Marquette. 2d wk Mar 237.091 216,491 8,959,681 7,>^20,042
1,208.673 1,181,973 11.488.474 11.156.574
PhilaBalt&W'sli April
632,566 620,620 6,368,136 6,277.020
Phlla <fc Erie
April
2,117,589 1,962,251 22,788.028 22,316,187
Pittsb C C & St 1 May
41,073
42,328
4,809
4.336
Raleigh & O Fear April....
3,320,457 3,228,417 30,453,680 28,943,104
Reading Railway April
4,610.535 4,450,207 29,721,66 28,877,326
Coal&IrCo.... April
7,930.992 7.678,921 60,175.347 57,820.430
Total Both Cos April....
158,337 159,927 1,225.709 1,176,757
Rich Fr'ksb & P April...
469.296
492,947
47,798
42,460
Rio Grande Jot.. April
44l,645J
452,676
7,580
8,725
Rio Grande So... 2d wk June
3,289,652 3.088.339 36,790.72 38,550,649
RooklBl'd Sya.. ApiU....
1,847,116 1,809,92(>
Rutland RR
March...
108,212
93,955 1.056.207 1,115,967
St Joa &Grl
Apill
2,955,991 2,622,040 32,296,994 30,232.447
StL&San Frano AprU
St L Southwest
2d wk June 176,920 128,670 8,492,663 7,358.353
1.189,044 1,092,078 11,217,814 10,663,353
Seaboard Air L. April.
95,96- 1,270,888 1,182,865
100,992
Southern Ind
May........
8,234,516 7,439,616 79,305,629 78,538,177
So Pacltlo Co 6... April
Southern RaUw'y 2a wk June 859,732 796,66t 45,935,520 43,258,193
793,497
714,334
12,180
8,4^5
Texas Central . . 2dwk June
Texas & Paoitlc. 2d wk June 180.203 157.458 12,159,327 11,533,135
96,200
102,100
12,000
16,100
TexS
W .. January
238.845 220,022 3,180,128 2,987,922:
Tol & Ohio Cent April
1.250,310
1.216,630
TolPA West .... 2d wk June 23,560 25,995
71.809
60,708 3,562,658 3,151,870
TolStL&W
2dwkJune
610.375
599.382
57,783
63,947
Tor Ham & BiiH. May
4,781,682 4,159,027 49,388,318 46,110,093
Un Pac System . AprU
Vandalla RR.—
348.679 330,098
St. Louis Dlv.. January..
417,308
379.556
61,196
48,117
Terre H. «& Peo. January..
610.033
557,356
65,829
46,250
Virginia* So W'n May
Wabash
2d wk June 436,288 453,031 23,631,360 21,869,450
3,595,9.84 3,561.684
363.614 314,71
Jersey & Sea'e April....
91,37it 4,340,674 4,102,239^
Wheel & LE
2d wk June 111.695
139,899
14,140
12,357
138.776
Wm'sport&N.Br. April....
549,381 531,360 5,490,220 5,402,651
Wisconsin Cent.. AprU
165.95 c
10.657
151.302
15,090
Wrightsv & T'n.. April....
560,560 581,444 8,066,998 7.303,564
Yazoo & Miss. V. May
8

YC&

.

.

V&N

W

VARIOUS FISCAL YEARS
Jan.

Atlantic
Birmingham
Bellefonte Central
Cl C. O. & St. Louis

Deo.
Jan.

Mar.

&

Peoria

&

.Ian.

Eastern

&

International
Gt North'n.
Interoueanic of Mex oo
Lake Erie
Westeia
Manistee
North Eastern..
Mani.stique

&
&
Maryland & Pennsylvania.,
Mexican International
iMexican liaUway
{Mexican Southern

t

.. ..

7,853,800
11,643,059
6,990.950
7,20<i,788

7,203,724
9,659,903
6.963,872
7,164.329
7,177,961
10,851,080
7.201.591
7,173,905

6 Inoludes the Hous.
t Mexican currency.
the Chicago & Eastern Illinois in both years.
Included in 1905 since Jan. 1.

& Tex.
Ac

Rio Grande Junction

Jan.
Jan.
_an.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.

Texas

Ian.

Central Branch

Total
tNational

RR of

Mexico

New York Central

Northern Central
ePeunsy., East of P

eWestotP&E

&E

& Wash
& Erie
& St Louis

PhUa Baltimore
Philadelphia

Pitts Ciu Chic

&

Pacilic
est Jersey
Seashore

&

+673,588 8-58 Month June 1904
1104 Month July 1904
+680,032 9-71 Month Aug. 1904
+ 666.318 9-25 Month Sept. 1904
4 691,751 9-59 Month Oct. 1904
+542,667 5-62 Month Nov. 1904
Month Dec. 1904
+432,446 62
+ 503,481 7-02 Month Jan. 1905
5"76
Mouth Feb. 1W05
4413,460
+ 1,247,418 11-49 Mouth Mar. 1905
"55
+399.541 5
Month Apr. 1905
4414,538 5-77 Month May 1905

+ 1,285,199

Jan.

& Nortnern Included

to
to
to
to
to
to
to
to
to
to
to

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

Apr. 30

Mar. 31
Apr. 30
31
Apr. 30
Apr. 30
June 14

May

Previous
Year

Inc. $26 8,031
$360,250 $332,146
418,484
288,127
23,846
24,802
6,543,670 6,185,194
887,302
988,983
2,564,599 2,176,481
2,924,321 2,984,776

June 14
June 30 2,277,854 2,325,228
157.578
150,577
Apr. 30

May
May
Apr.

June
June
June
Jime
Juno
June

May
Apr.
Apr.
Apr.
Apr.
Apr.

May
Apr.

Jane
Apr.

31

27,4>i3

85,002
30 2,164,773
3 2,666.800
540,135
7
14 17,212,766
678,275
14
14' 17,891,041
14 5,514,001
31 32,135,702
30 3.105,827
30 39,397,579
30
Inc. 1.6
30 4.457,036
30 2,160.490
31 10.297.583
30
205,577
14 5,162,973
30 1.0b3,fc78
31

27.847
76,686
2,431.782
2,729,100
542,197
17,678,242
731,174
18,409,410
5,393,914
29,921,429
3,083,727
36,811,979
13,200
4,130,736
2,io3.8;;6

9,597.211

216.264
5,023,913
1.025.978

ITIonthly.
Current Year I^eviousY'ar

Inc. or Dee.

xP.G

$

(108
(125
(122
(124
(124
(124
(123
(116
(117
(118
(115
(

53

Cent, and its subsid. lines In both years.

Atlanta Knoxville

Mar.
Jan.
an.

AGCrKEGATES OF GKOSS EAR <> NGS— Weekly aad
MONTHLY SUMMARIES
Current Year Previous yar Inc. or Dec. P.C'
8,527,388
12,928,258
7.670,982
7,870,106
7,900,475
10,152,570
7.396,318
7,667,810
7.591.421
12,098,498
7,601,132
7,588,443

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

.Missouri Pacitic

Current
Year

Period

Allegheny Valley
Atlanta & Charl Air Line

\.

WEEKLY SUMMARIES

Week
or

1,328,626
36,257
2awkJune
30,993
1,860.273
April
5.99«,f596
57,715,249
360.250
March. .
2,706.550
April
80,292
564.534
April....
1,997.905
16,958,049
13.70y
AprU....
137.290
May
5,840.175
59,689,182
April....
189,021
1,708.658
Oilay
4,245
61,748
2,933
April
37.291
•idwk Junt
161,651
7,162,581
April
100,582
797,405
130.271
\lay.. .
1,332.839
84,800
2d wk June
2,959,200
JdwkJune 992.000
44.031,641
°2dwk J une 165,100
»,03J,448
-May
2,113,292
19,795,680
2dwk June
2 45;.
106,427
April....
1.673,776
15.941,866
April....
786,38y
9,626.756
iuwk June 140,394
7,817,096
2dwk June 110,328
5.049,883
S.862,358 .?,626,635 41.742. J135 40,932,700
April
May
4.603,857 J,835,909 00,700,457 48.954,075
April
869,575 769.163 10.047.077 9,791,554
2a wk June
32,630
30.950 1,465.343 1,501,355
Istwk J'ne 132,888 121.228 6,869,801 6,316,036
April
1,614,807 1,637,537 18,684.95'i 17.255,326
April
184.846 252.94i. 2,414,823 2,534,999
2dwkjun- 129,649 113,440 5,879,038 5.483,220
20,585
14,243
196,407
AprU
196,037
504,050
April -...
50,572
43.463
421,474
5.57b
April
20.476
68,120
61.810
April
30.08s
222,740
21,305
201,706
2awkJune 344.00U 308,700 16,136,775 15,637,284
April
91,714
820,652
91,903
80y.050
4tnwkMaj
38.520
29,336 l,335,30ii 1.392.947
54,924
51,469 2,362,487 2.399.784
2d wk June
April
3,816,589 3,816,263 37,261.755 37,239.498
April
4.02U
32,00;;
3,384
30.135
April
8,945
73.051
8.198
67.438
April
62,611
55.919
592,525
557,747
April
183,243 154,07o 2,107,265 2.169.009
201.31'^
Apiil
170.900 2,092,20:^ 2,090,171
131,l-±i
129,544 1,563,862 1,559.393
May
2dwk June 663,85^ 712,605 33,269,871 32,524,042
8o,3yo
Istwk J'ne
88,288 4,784,367 4,995,976
istwk J'ne
20,317
25,160 1,336,856 1,163,205
May
3,460,373 2.832.410 38,047.480 35,709.911
207,220 212,233 2,194,382 2,131.943
aay
May
3,667,593 3,04t,64o 40.241.868 37,841,854
36,:<49
2dwk Junt
33.611 1.791,041 1,756,151
447.56r 370,05-- 4,959,055 4.852,621
April
May
3,642,22 3,794,562 45.219.09y 42,806,909
252,487
22,858
22,439
228,905
May
1,793.65.; 1,615.814
June
97',440
6,039.281 5,511.687
2dwk June 107,260
2d wk June 111,570 126,690 5,782.258 5,768.121
52,191
49,506 2,463,832 2,272,842
2dwk June
137,43i>
April
126,401 1.456.759 1,381,651
554,615 502,483 5,526,932 5,447,594
April
4,923.617 5,096,211
June
April
2,638,997 2,59i",75'5 5,506,644 24,572,106
377,837
40,603
428,385
April
36,760
IhC.
Inc.
475,501
April
94,435
661,432
573,804
April
71,640
65.322
2d wk June 753,425 H 704.805 36,795,142 35.536,040
123,322
123,499
May
9.657
8,462
34,187
37,332
4,282
5,802
November
34,32'-/
356,229
340,692
April
35,964
74.933
68,174
8.550
7,150
May
283,419
297,481
30,044
May
25,735
April
2,270,240 2.347,081 1.418,237 21,562.466
522,308 597,924 5,494.363 5.803,055
April
VVkJ'ne 3 120.000 106,000 5,548.300 5,479,500
21,16Si 1,090,316 1,069,867
Istwk J'ne
21,707
5.819
March
7,402
651,578
560,204
14,488
12,314
2dwk June
dwk June
66,25a
54,475 2,886.2<i3 2,713,750
t:dwk June
341,792 325,386 19,273,534 16,914.529
2dwk June 730,000 676,000 39,715,760 39,681,527
2dwk June
22,000 1,510,275 1,700,174
31,000
2dwB June 761,000 698,000 41,226,035 41,381,701
Inc.

Latest dross Jiaminga

Latest Date

rds.)
rds.)
rds.)
rds.)
rds.)
rds.
rds.)
rds.)
rds.)
rds.)
rds.)
rds.)
I

e

113,351,491' 114,260,175
132,242,621, 139,712,599
145,292.493 144,558,473
151,475,024' 147.338,536
159,732,9591 154,758,622

—928 0840-81

—7,469, 978 5-35
+ 734.'020 0-51
+4,136 488 2-81
+ 4,974, 337 3-21
154,304.117 140,909,470 + 13.394, 641 9-51
146,748,102 136,889.640 +9.858, 462 7-20
127,073,058 119,220,07.~ +7,852 980 6-58
113.714,506 117,252,135 —3,537 629 3-01
143,622,857 130.879,540 fl2,743. 31l|9-73
136,595.868 127,237,317 49,358 5517-35
48,367,104 44,543,71b +3,823,:386 8-58
1

Covers Unes directly operated,

In botti years slnoe

AprU

1;

it

fr

Includes

had previously

bee:i

—
.

—

.

...
.

L«te8t b^ross £arnlnga by Weeks.— In the table whlob
follows we sum up leparately the earnings for the second
The table covers 38 roads and shows
week of Jnne
5-77 per cent increase in the aggregate over the same week
last year.
1905.

2d week of June.

Ajm Arbor

Rooh.

A

.•.
PlttBb'j:.

Canadian Nortnem
Canadian Paoiflo
General ot G^orcria

Chattanooga Boathem.
CluoaRO wreat Weetem.
.

Oblo. tnd'pllB (b LoulBV..
Ohio. Term. Transfer

&

Southern
Denrer A Bio Grande .
.MX..
Dnluth 8o. Shore A Atl.
Grand Tmnk of Can,
Colorado

-

Grand Trnnt West

Det.Qd. Hav. & MUw
GnU & Shis Island
International & ot.So..
Interooeanlc ot Mexico..
Iowa central

&

Louisville

Nashville..

Mineral Banee
Minneapolis & St. Lonls.
Minn. St. P. & 8. 8te. M..

Mo. Kansas & Texas
Mo. Paolfio A Iron Mt .
Central Branch
Mob. Jackson A K. City.
Mobile dc Ohio
National BB. of Mexico.
Bio Grtmde Southern...
St. liOD is Southwestern .
Boathem Ballway ...«,.
Texas Central.....
Texas & Pacific
Toledo Peoria A West'n
Toledo St. L. A West
.

-.

Wabash

.....

...

Wheeling

.

..
.

A Lak e Erie.

.

S
S0,99S

1904.

344,000
54,924

36,110
160,727
67.900
987,000
147,500
1,860
144,792
102,361
80.950
113,440
308,700
51,469

663,858

712,605

36,349
107,260
111,570
52,191
753,425
14,488
66,258
163,699
841,792
730,000
31.000

33.611

im,651
81,800
992,000
165,100
2,452
140,894
110.32P
32,636
129,fi49

97,440
126,690
49,506
704,805
12,314
54,476
128,780
326,386
676,000
22,000

119,919

117,462

148,064
234,776
7,680
176,920
859,732
12,180
180.20S
23.560
71,809
436.288
111,695

126.383
214,592

increcue.

Osertatt.

6,117

"4,398
""7,977

1,686
16,209
35,300
3,455

48,747
2,788
9,820
15',r20

2,686
48,620
2,174
11,783
36,819
16,406
51,000
9.000
2,457
16,681
20,184

8,425
167.458
25,995
60,708
453,031
91,379

3,755
22,745

7,588,448

Total (38 roads)

Net increase (6'77

7,173.905

p.c.

Tear,.

Tear.

$

Cent, of N. Jersey. .May
11701,252 11597,087
July 1 to May 31. ...118,773,351 115,807,829
Copper Bange
Apr.
8,437
8,437
July 1 to Apr. 8u
84,374
76,686

May
May

81

81. .„
Cuyahoga Telep.Co.May
Maryland & Penn..May

Mar. 1 to May 3i
N. Y. A Ottawa—
JajL 1 to Mar. 31....
July 1 to Mar. 31....
Pittab. Shawmut & No.—
Jan. 1 to Mar. 31....

22.805
48,370
106,512
12,064
3,833
11.600

Raqnette Lake
Jan. 1 to Mar. 31
July 1 to Mar. 31,...
BioGrande Junot. Apr.
Dec. 1 to Apr. 30
Texas Central
May
July 1 to May Si
United States Telephone
Co. (Cleveland)... May

July 1 to Apr. 30,...

1905.

1904.

'16,743

Previously rep'd(38 rd's)
Alabama Gt. Southern..
Gin. N. O. <fe Texas Pac

Mexican KaUway
Mexican Southern
Total (42

roads).........

Net Increase {5-55

7,267,191
59,346
182,888
11120,000
21,707

6,897,165
56,029
121,228
IT 106,000
21,169

486,332

7,601,132

7,201,591

615,847
399,541

p. o.)..

f Figures are lor

week ending Juae

93,705

Decrease.

9
116,306

538
116,306

-Net Earnings,

Current
Tear

Soads.
$
$
977,924
Cent.of N. Jersey.b.May 2,113,292 1,924,915
July 1 to May 31... 20,673,520 19,795,680 9,836,862
10,044
def.519
Ohait'n'ga SoDth.aMay
9,938
10:{,660
July 1 to May 31-...
110,686
7,050
22,114
Copper Bange. a ..Apr.
50,572
43,463
421,474
200.932
July 1 to Apr. 3o....
504,650
Oumberlaud Telephone &
Telegraph Co. a.. May
322,137
131,168
373,837
648,060
276,162
Apr. 1 to May 31...,
755,746
730,929
Jan. 110 May 31.... 1,870,309 1,616,702
Cuyahoga Telep.Co.May
34,712
21,719
47,260
Maryland & Peur May
9,840
30,044
25,735
Mar. Ito May 81...,
27,890
85,002
76,686
N. Y. & Ottawa faJan. 1 to Mar. 31
28.052
22,752 def.2,859
July 1 to Mar. 31..-.
119,916
91,571
16,591
Paolflc Coast Co. a.Apr.
113,199
479,504
442,969
July 1 to Apr. 31).... 5,056.604 4,788,765 1,009,230
Pitts. C.C.& St. L.aMay
498,132
2,117,589 1,962,251
Jan. 1 to May 31. ...10,297,583 9,597,211 2.039,790
-

Pitts.

.

Previous
Tear,

$
840,436

iJbany A Hudson ... April
American B'ys. Co.D- May
Anr. Elgin A Chic. B; May
Blnghamton By
May
Boston A Worcester.. April
Burlingt'n (Vt.) Trao May

July 1 to May 31....
United States Telephone
Co. (Cleveland). ..Apr.

& So'thw.bMay

Ohloago

dc Mil.

A Oak

Elec

7.240 ''def.2.609 def.14,416
5,781 def.14,876
15,480

71,834

71,085 det.89,354 *df.64,664

3,162
11,263
8,333
41,666
2,583
28,416

3,125 *def.2,937 *def.4,434
11,452 *def.8,871 df.*ll,792
8,833
6,006
4,405
39,166
20,006
28,712
2.583
2,699
896
28,416
239,315
154,530

9,147
2,888
28,304

7,893
2,730
27,745

7,803

8,838
2,097
18,938

def.2,351
def.5.623

Park...c.

May
^ay
May

Jan. 1

to

Latest Dat»

Ourrent
Itar.

Tsar.

9
%
9
9
Sl.l.'i?
21,122 19,780
75.087
126.914 119.829 dl,F 32,660 dl,S76,061
53,071 41,778
137,-,i02
180, 99
23.276 21,217
97,277
88,938
32,78!26,823
28,97*9
7,088
27.370
7,471
142,585 322,969 1,712,903 1,202.195
50,63t 45,124 210,806
197,549
44,212 3*,476
158.754
122,413
69,394 64,137
340,120 322,821
<

By. A Lighi
(Muscatine, Iowa).. May
9,522
47,028
Olcve. A So. W.Tr.Oo. May
May
20.681
Oleve. Painsv. &E...
Detroit United By..B 2dwk Jane 99,686
Ry...
2kwk
Ouluth Street
June 13,083
ll3,18i)
SaetSt. Louis & Sub. May
May
Aurora
&
Sou.
89,66C
Elgin
S't.

April

Valley Traction..

aoustonElec. St. By. April
lUinois Traction Co.
Indianap. &East. By

124,455
254,720
670,735
14,655
6,173
20,045

intemaf 1 Tract. Co
System (Buffalo) .
.

674
93,548
904,895
500,317
1,908,677

205,034

201,065 def.17,520

21,865

2,900
16,196
47,798
205,5 ?7
50,529
768,896

2,325
18,217
42,460
216,264
40,017
698,382

25

deM,509

1,932

def. 1,002

kl4,339
k61,672

R12,738
k64,878

5,282
267,731

3,479
182,946

April
April

Kansas City Ry.& Lt. AprU

May

May

May..
LlmaEI.By.&Lt.Oo. May...
London St. By. (Can.; April
March
1S.aA. (Wis.) Traction
'«et West Side Eiev. May
ifll.Elec. By.&Lt.Oo May
«il.Lt.Heat&Tr.Oo May
Montreal Street By. May
»Iuncie Hartford
Pt.

def.7,176

May
May

tndlanap.^ Martinsville Rapid Tran.. April
rndianapoUa&North
western Traction.. March

^«hlgh Val. Trao. Co
Street By. Dep
Electric Light Dep
ijcxington By,.

13,916
127,934

38,101

580,327
173,884

58,744

266,595

10.'>,ia4

68,508

aavana Elec. By. Co WkJunelS {39,215 131,861 1880,276
aonolulu Bapld Tr
April
26,347 27,120
103 771
A Land Co
3oughton Co. St. By. April...... a2,05e 16,91ft
30,332

438
def.4,410

39,567
7,728
47,597
41,441
188,817
160,621
19,052
72,396
75,475
91.318 2,062.648 1,834,610
274,628
263,492
12,744
478,108
173,894

Wayne & Wabash

/acksonvUle Elec.Co

&

Wayne

April

for.OhloTr.&Lt.Co May
Sorthem Texas Trao, May

I^orthwestem Kiev.. May
Oakland Tract. Cons April
Mean St. Hallway.. April
>range Co. Traction. AprU
Peeks. L't'g&BB. Co. April
Pittsburgh MoKeesport & Greensb'g . May
Pottsv. Union Tract. May

Rys Co.G«n.— Boads.
Light Co's...
.^Chester Ballway ,.
sookford Beloit 4

May
May
May

1

229,366
761,919
105,159
86,538

40,377
84.614
19,031

32.049
72,614
17,556

439,6'74

88,166

382,600
75,875

9,984

6.676

82,759

23,184

26,541

........

69,289

••*•••«

530,279 312,70?^ 1,276,511 1,209,047
27,754 23,519
104,826
89,991
385,307 329,48i ,420,972 1,362,770
1

204,093
178,229
50,87t 4=>,908
7^800
67,881
13,097 11,886
30,810 26,147
127,621
18,867 15,185
13,50.52.619
44,802
12.140
22,750
7,014
20,878
7,734
924.487 890,454
194,00» I77,27ti
i66,594 J60.815 1,263,408 1,267,258
201,659
154,482
47,398 36,483
943,877
236,898 1220,154 1,037,675
49,108
316,581
211,720

18.607
74,9 1:
50,73(
(07,30y
107,332
7.876
7,610
6,911

51.468
340,315
244,731
589,692
442,998
36,856
27,571
33,994

383,885
28,866
26,287
31,103

16,616 14,414
19,909 17,798
83,487 27,861
1,882
1,762
146,014 122,795

60,203
79,729
129,901
10,239
670,296

82,770
70,108
105,059
9,677
878,683

13.94P
78,587
ft7.080
1.20,688

I22,24t
10,934
8,549
8,386

54.5,154

Janesvllle
.... April
Joseph (Mo.) By.

10,212

9,597

35,289

32,486

Lt.Heat&Pow.Co. May
Fran. Oakland A

60,037

64,271

277,494

283,687

47,412

34,369

170,666

122,855

97,000 71,930
46,832 40,941
84,957 78,094
203,424 187,874
139,455 129,180
77,688 71,677
83,7lti 30,484
46,761 42,044
25,578 23,09e
154,492 142.681

499,600
171,717
363,520
779,312
673,614
373,264
128,968
179,880

393,659
158,658
325,998
733,267
672,181
343,207
111,984
165,564

732.5*6"li

677.221

^t.

clan

38,787
65,829
610,033
1,860,198

85,709
46,250
567,356

14,985
15,696
14.429
17,190
July 1 to May 81
239,458
178,486
Wabash. fa....
May
1,889,104
186,833
451,824
July 1 to May 31. ...22,761,737 20,'995,'563 8,894,582 4,795,987
Wmsp'rt&No.Br.aApr.
14,140
12,367
379
4,980
July 1 to Apr. 3«....
139,899
138,776
42,242
22,122
a Net earnings nere given are after deducting taxes.
b Nut eamlDKH Here given »r« before deducting taxes.
k Iheae tigores represent 30% of gross earnings.

Virtrtnla

Gas A Electric. April

Cent. Penn. Tract. . .

8,734,837

Shawmut & No.b—

Jan. 1 10 Mar. 31
Baquette Lake faJan. 1 to Mar. 31....
July 1 to Mar. 81
Elo Grande Jnnot.. Apr.
Dec. 1 to Apr. 30
Texas Central. a
May

102.622
212,226
564,538
4,732
3,298
11,420

citizens'

Net Earnings Montlnlj to Latest Dates.—The table following showB the gross and net earnings of Stbam railroads
reported this week, A full detailed statement, including all
roads from which monthly returns can be obtained, Is given
once a month in these columns, and the latest statement of
this kind will be found in the Chboniole of June 17,
1305,
The next will appear in the issue of July 22, 1906.
Oross ^Earnings.Previous
Current
Tear.
Tear,

108,368
230,792
624,417
9,655
6,007
16,390

8,060

Latest eross Mamings.
Our'nt
WukorMc Year. lear.

earninos.

Chic.

8,31'7

11,660
14,000

3.

•

21.833
42,494
106,202
9,923
2,878
8,625

5.479
81,248

STREET BAILWATS AND TRACTION COMPANIES.

Oal.

$

$

8,063,511
13,677
116,558

After allowing for other income received.
T Included in the fixed charges in this fiscal year are expenditures
for renewals, additions and Improvements amounting to $127,494 for
May. 1905, against $67,868 in May, 1904, and to $1,488,391 for
period July 1 to May 31 against $611,560 the previous year.

io'.sie

Increnne.

243.349
2,927,008

**2,435

week of Jane our final statement covers
42 roads, and shows 5'55 per cent increase in the aggregate
over the same week last year.
June.

$

276.872

*

first

\st vieek of

-Bal. of Net Earn'gs.^,
Cu7-rent
Previous
Tear.
Tear.

Roads.

Figures are for week ending June 10.

For the

—

Previous

W'msport A No. Br. Apr.

'ii*,ioi

603,248
414,538

etc.

Current

.

1,145

48,250
68,066

— Int., Rentals,

Apr. 1 to
Jan. 1 to

69S

128,670
796,666

Interest Charges and Snrplns.

Cumberland Telephone A
Teleg. Co
May

924
16.900
5.000
17,600

8.725

[Vol. lxxx.

Gboss

IT

.

THE CHRONICLE.

2616

Bnflftlo

b

April
San Jose By
Sao Paulo (BrazU)
I'ram. L't

A Po.

Co.

May

'avannah Elect. Co. April
^oranton Ballwav...

May

ieattle Electric Co... April

jouth Side Elevated.
Syracuse Bap.Tr.By.

May
May

ramna

Electric Co... April
Torre Hte.Tr.&Lt.Co. AprU

rol.Bowl.Gr.&8o.Tr.
Toledo Rys. A Llsrht.

May
May

—
June

—

THE CHRONICLE.

24, 1905.]
Latest Qroti Marning$.

GBOU
KABNINaB.

W«€k orM(

Jan. 1

Vur'Hi Prev'ui
Tear.
¥*ar.

to

1

SpanlBta allTer.

B

These are results for properties ovned.

Ourren

Prenw

Jtar.

tear
60.071
1,024,025
1,768.378
3,336.378
2,112.966

101.329
148.233

e Decrease due to the fact that the Louisiana Poiohase Exposition
last year.

Street Kailway Net Earnings.— In the following we
show both the gross and the net earnings to latest dates of all
Street railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month (on the last Saturday
of the month) we bring together all the roads reporting asjg
done to-day.

Hoods,

Alb'ny & Hnd.RR.a Apr.
Jan. 1 to Apr. 30....
July 1 to Apr. 30....

AnroraElglD&ohlo May
Jan. 1 to
July 1 to

May
May

31....
31...,

Binghamton Ry. b. May

Year,

Tear„

$

$

21,122
81.157
249,261
52,071
180,799
448,339
23,276
97,277
234,905

Jan. 1 to

May

31....

Ohlo.& Milw. Elec.May
Jan. 1 to

May

31....

Olev.Painesv.&E.aMay
Jan. 1 to

May

31....

Cleveland & Southwest'n
Traction Co . b
May
Jan. 1 to May 31
Detroit United By.n (all
properties).*
May
Jan. 1 to May 31
Duluth Street Ry.fo May
Jan. 1 tc May 31

East

St.

Louis&Bub.May

Jan. 1 to

May

31....

Elgin Auro.&So.b.May
July 1 to May 31....
Fort Wayne & Wabash
Valley Traction ..Apr.
Jan. 1 to Apr. So....

^

Net Earnings^—-^
Current
Previous
Tear.

Tear„

6,771
14,814
57,601
23,597
63,070
194.118
12,382
42,251
110,006

6,303
14,762

1,202,198

102,935
445,150

89,528
361,893

50,636
210,806
44,212
158,764
20,681
75,475

45,124
197,549
34,176
122,413
19,052
72.386

9,781
17,688
23,655
77,005
9.218
25,629

7.596
10.678
20,703
64,9o2
8.455
24,976

47,028
188,817

41,441
160,621

20,775
66.854

15,874
40,750

Jan. 1 to May 31
July 1 to May 31
Gallfornia Gas & Electric Corporat'n.a.Apr.
442,585
Jan. 1 to Apr. 30.... 1,712.903

Central PennBylvanla
Traction Co
May

,

19,780
78,087
234,845
41,778
137,202
21,217
88,938
217,128

322,969

430,376

388,122

1,865,451
54.501

1,656,247

,

8

a Deorease dae to a strike and boycott.
b Tbese are the combined earnings of all the oonstltaent companies.
c These are results for main line.
d Fignres here are from Joly 1.
n These earnings Include the Detroit United Ry., Detroit A Poit
Huron Shore Line and the Bandwlob Windsor A Amherstbnrg Ry.

—Current
Gross Earnings. —
Previous

73,-574

16,745
38,228

10,020
38,616
97,612

249.285
113,183
530,327
39,660
413,974

82,259
239,867
105,134
478,108
38,101
416,153

178,459
697,959
25,669
110,196
66,393
293.222
18,168
177,274

157,586
561,471
24.374
96.673
49,675
237,695
14,930
163,396

68,503
266,595

58,744
229,366

25.675
98,366

18,877
69,874

Roads.
Muncle Hartford <b Fort
Wayne Ry Co. a.. Apr.
Jan.

Apr.

Jan. 1 to Apr. 30....

May
Co.a.
Jan. 1 to May 31....
North, Tex. Tract, b May
Jan. 1 to May 31....
Oakl'd Tract. Con. b Apr.
Jan. 1 to Apr. 80.
Olean

.

Jan. 1 to Apr. 30....
Houston Elect. Co. Apr.
Aug. 1 to Apr. 30....
Illinois Trac. Co. a.. May
Jan. 1 to May 3l....
Ind'p'lis & East. Ry.May
Jan. 1 to May 31....
.

Indlanap. & Northwest
Traction Co
Mar.
July 1 to Mar. 31....
International Tract. Go.
SyBtem(Buffalo)b.Apr.

9.098
38,733

11,088
40,720

30,332
40,377
322,737
84,614
439,074
19.031
83,156

16,919 def.23,929
66,638 def.43.205
32.049
15,066
115,621
292,239
72,614
32,770
183,908
382,000
7,281
17.556
29,267
75,678

5,524
7.733
9,971
88,366
32,179
156,744
8,767
33,038

26,641
268,668

8,926
103,168

27,120
108,159

t2,056

PeeksKlU Lt.&RR aApr.
July 1 to Apr. 3U....
Pitteburgh McKeesp'rt <&

15,185
12.140
44,802
7,014
20.878

7,852
2,998
8,S27
2,814
6,551

3,077
2,622
6,023
2,801

260,815
,267,258

133,309
614,292

132,484
594,310

36.483
47,398
154,4S2
3i
201,659
220,154
236,399
May
943.877
3l.... 1,037,675
31.... 1,676,789 1,529,305

26,232
101,819
101,706
319.057
554,865

19,055
66.454
93.512
280,880

Lima Electric Railway &

7,t(t(4

May
Montreal St. Ry
Jan. 1 to May
Oct 1 to May
Jan. 1 to

—

Year.

Year,

$

$

$

13,945
51,468

13,607
49,108

6,544
23,980

5,843
20,704

78,587
340,315
57,080
244,731
122,246
442,998
10,934
36,866
96.234
8,549
27,571
96,182
8,386
96,681

74.917
316,531
50,736
211,720
107,332
383,885
7.876
28,866
83,906
7,610
26,267
91,094

37,795
149,239
27,314
105,059
65,243
206,792
4,448
16,6«3
46,421
2,708
2,709
26,098
3,097
40,376

38,303
131,594
25,620
89,776
56,729
178,358
3,035
11,843
41,955

8,424
26,400
70,464
298,746
663,846

7.702
22/)69
55,852
240,372
568,288

4,697
13,388

3,512
7,601

28,408
112.536

25,234
103,384

27,771
103,013
19,811
68,464
41,396
146,476
59.300
235,272

19,502
66,076
14,937
89,497
37,281
122,962
56,557
213,254

6,911
91,761

206
def.415
19.356

36,726
2,053

623

def.1,651

32,067
345,614
13,263
80,598
11,982
51,116

28,858
318,670
11.734
46,571
10,458
42,322

11,525
71,752
849,679
184,405
700,347

7,100
63,717
297.200
176,599
671,510

20,611
74,060

14,746
58,990

Toungstown-Sharon Ry.

&Lt. Co.a

43,763
169,547

Apr.
Jan. 1 to Apr. SO....

37,602
148.233

a vtct earnings here given are after deducting taxes.
bNet earnineB here given are before (i«daati k taxes.

n These

earnings include the Detroit United Ry., Detroit

& Port

Huron Shore Line and the Sandwich Windsor di Amherstborg Ry.
t Deficit due to a strike by the trainmen and a boycott by the trades
unions.

luteresi unarges and Snrplns.—-The following Stbbb*
railways, In addition to their gross andnet earnings given Is
the foregoing, also report charges forInterest,&c,, with the
sarplus or deficit above or below those charges.

Gas

Int.,

Rentals,

etc.

— ^Bal. of Net Earn'gs.-^
.

Current

Previous

Current

Previous

Year.

Year.

Year.

Year.

$

$

$

$

A

Electric Corporation.. Apr.
l£49,329
k48,958
Jan. 1 to Apr. 30.... kl96,980 kl89,682
Detroit United Ry. (all
properties)
May
93,806
87,395
Jan. 1 to May 8l....
460,567
443,367
Duluth Street Ry... May
16,810
16,513
Jan. 1 to May 31....
83,751
82,361
Elgin Aurora* So. May
9,226
9,451
July 1 to May 31.-.,
101,997
101,225

California

53,606
248,470

40,570
172,311

*89,011
*256,403
8,859
26,445
8,942
76,277

*73,542
*125,824
7,861
14,312
6,479
62,171

*4,645
*20,832

*7,149
*24,609

Honolulu Rapid Transit

(Hancock, Mich.). Apr.
JaxL 1 to Apr. 80

Houston

Elect. Co. Apr.

Aug. 1 to Apr. 30....

4,842
19,363

4,301
17,367

3,615
13,951
8,712
75,708
5,167
21,834

3,447 def.27,544
13,117 def.57.156
7.941
6,354
68,922
89.913
4,167
2.114
20,833
7,433

& East. Ry May
Jan. 1 to May 31....
International Trwct. Co.
System (Buaalo)..Apr.
135,994
Jan. 1 to Apr. 3o....
638.821
July 1 to Apr. 30.... 1,372,162
Jaoksonv. Eloo. Co. Apr.
3.016
Jan. 1 to Apr. 30....
12,066
Ind'p'lis

Lexington Ry.
Light Co
Jan. 1 to

Milwaukee
Trac. Co
Jan.

610,958

May

5.919
29,861

May

77,089
371,706

36tl,270

Lt.

20,435
96,310
28,749
113,362
169,655

16.430
77,076
22,641
96,703
149,075

4,166
16,667

5,000
16.000

31....

Be&t

St. Ry....

1

Oct.

1 to

to

May
May

Mancle Hartford
Wayne Ry Co

May

31....
31....

&

2,080
19,443
4,600
12,205

74,466

*57,9e0
*260,01O

*59,197
*231,547

&

May

ltoMay31....

Jan.

2.077
def.5,384

132,704
12,180 d6f.36.244
533.530 def.34.162 df.157,044
1,329,976
235,942
56,499
3,104
9,794
6.652
12,522
33,915
21,356
4,551
6.445
2,687
17,753

May

Jan. 1 to May 81....
Bfilwaakee Elec. Ky. &

Montreal

Milwaukee Light, Heat &

May

Year.

Houghton County St. Ry.
96,460
376,486
1,386,474
9,756
33,878
128,870
422,164
1,346,550
7,238

18,867
May
Light Co
13,508
Lond. 8t.Ry(Can.)a Apr.
52,819
Jan. 1 to Apr. 3u
7,734
Madison Traction. Mar.
22,750
Jan. 1 to Mar. 31
Milwaukee Elec. Ry. &
266,594
May
Light Co..b
1,263,409
Jan. 1 to May 31

Net Ear?iings.—->
Previous
Current

$

16.616
14,414
60,203
52,770
146,014
122,795
Rochester Ry.Co.bMay
670,296
578,683
Jan- 1 to May 81....
July 1 to May 31.... 1,455,236 1,253,655
Rookford BeloltA JanesApr.
10,212
vllle
9,597
35,289
32,486
Jan. 1 to Apr. 30....
St. Joseph Ry. Light Heat
May
54,271
60,037
&. Power
277,494
253,637
Jan. 1 to May 31....
San Fran. Oakland & San
47.412
Apr.
34,359
JoseRy
170,666
122,555
Jan. 1 to Apr. 30....
46.332
40,941
Savannah Electric Apr.
158,653
171,717
Jan. 1 to Apr. 30...,
84.957
78,094
Soranton Ry. Co....May
868,520
325,998
Jan. 1 to May 31 ...
203.424
187,874
Seattle Electric Co. Apr.
779,312
733,267
Jan. 1 to Apr. 30....
Springfl( 11 & X«»Eia—
15,307
13,859
Jan. 1 to Apr. 80....
71.677
Syracuse Rap. Tr.bMay
77,588
813.878
767,288
JuJy 1 to May 31....
80,484
Tampa Elect. Co.. .Apr.
33,716
128,968
111,934
JaiL 1 to Apr. 30....
42,044
46,761
Terre Haute Tr&Lt Apr.
179,580
165,564
Jan. 1 to Apr. 30....
Toledo Bowling Green
25,575
^South'n Tract.. May
23,096
142,.'i81
154,492
Tol. Ry8.&Lt.Co.a.May
677,221
Jan. 1 to May 31...,
782.568
355,213
337,402
Twin City Rap. Tr.t Apr.
Jan. 1 to Apr. 30.... 1,389,516 1,325,474

Apr.
Jan. 1 to Apr. 3u.

149,174
501,659
1,608,104
12.810
45,981
161,594
549.990
1,«97,C»4
12,364
47,314

330,279

,

Year.

Greeufcbarg Ry b.May
Jan. 1 to May 31....

ALand

312,708
Jan. 1 to Apr. So.... 1,276.511 1,209,047
3,529,240 3,383,812
July 1 to Apr. 30
23,519
27,754
Jaoksonv. Eleo. Co. Apr.
89,991
104,826
Jan. 1 to Apr. 30....
329,483
385,307
Kan. City Ry.& Lt.aApr.
1,420,972 1,262,770
Jan. 1 to Apr. 3o
4,030,580 3,530,202
June 1 to Apr. 30
26,147
30,810
Lexington Ry. h...May
127.621
Jan. 1 to May 3i

Traction Co.b...

Ry.Co.b.Apr.

St.

Jan. 1 to Apr. 30....
July 1 to Apr. 30....
Orange Co. Tract. ..Apr.
Jan. 1 to Apr. 3o....
July 1 to Apr. 30.

Roads.

26,247
103,771

—CtnTOit
Gross Earnings. —
Previous

North.OhioTrao.&LlKht

.

Houghton County St. Ry.
(Hancock, Mich.) Apr.

to Apr. SO ...

1

Honolulu Rapid Transit

ALand.b

2617

Lateti Date

»
9
63.524
17,746 17,985
Toledo A Western.... A.prll
53.4S0
47,683 1,144.094
Toronto Railway .... WkJunel7
Twin Olty Bap. Tran. iBtwk J'ne 90,102 84.530 1,867.262
e7? 6,367 841.006 3,295,083
Un'd Rys.of St. Louis May
590,602 569,609 2,231,57?
Dnlted of Sas Fran. April
23.618 22.702
101,577
Wasli. Aiex.&Mt.V. May
169.547
YomisrstowTi- Sharon April
43,763 37.602

was open

a

.

5.797

2,625
def.10.622
72,957
70,871
205,695
184.172
835,210
361,883
.1,479

Fort
Apr.

Jan. 1 to Apr. 30....

2,378
7,313

843
4,704

—
THE CHRONICLE.

26J8
—Int., Jientals,

etc.

—

Current

Previous

Year,

Year.

$

$

Roads.

.

—

-Bal. of Net Earn'gs
Cui^ent
Previoii,
Year.
Year,

/-

$

$

C^ortbern Oblo Traotlon

May
May 31..^
North. Texas Tract. May
Jan. 1 to May 3l
AlAght Co

2,968
11,018
26.868
27,840
136,846
298,197

22,467
112,632
12.194
50,518
26.567
106.268
2.527
9,883
24.596
26,525
131,677
886,122

14.878
84,654
15,787
51.288
83,522
82,450
1,480
4.615
19,563
*43,084
* 164,763
*372,286

1,960
17,369
*29,702
*110,712
*287,519

2,627
10,516

2.696
10.786

2,070
2,872

del.3,185

13,425
52,437
10.554
42.215
18.661
93.273
24,764
99,641
20,385
223,677
1,885
7,609
8.744
36,530

8.231

80,356
10.806
41,090
18,406
91,861
24.949
95,166
20,243
223,216
2.093
8,352
9,177
37,353

14.346
50,676
9.257
26,249
22,735
53,203
34,536
135,631
11,682
121,937
11.378
42,989
3,238
14,586

11,271
36,720
4,631
18,407
18.875
31.101
31.608
118,038
8,615
95,454
9.641
88,219
1,281
4,969

6.495
41.894
212.042
f97,325
f389.300

41,862
208,704
t90,277
t357,769

6,030
29,858
137,637
87.080
311,047

21,855
88,496
86,322
313,741

22.917
114,585
11,527
53,771
81,721
124,342

Jan. 1 to

Oakl'd Tract. Cons. Apr.
Jan. 1 to Apr. 3o
Apr.
Olean Street Ky
Jan. 1 to Apr. 3u
July 1 to Apr. 30
BootaesterRy. Co.. .May
Jan. 1 to May 31
July 1 to May 31
Bookford Belolt & JanesApr.
vllle
Jan 1 to Apr. 30
San.Fran. Oakland & San
Apr.
Jose By
Jan. 1 to Apr. 30
Savannah Electric. Apr.
Jan. 1 to Apr. 30
May
Boranton By. Co
Jan. 1 to May 31....
Seattle Electric Oo. Apr.
Jan. 1 to Apr. 30

—

Syraoase Bapid Tr.Mar

May 31....
Elect. Co. Apr.
Jan. 1 to Apr. 30....
July 1 to

Tampa

Terre HanteTr&Lt.Apr.
Jan. 1 to Apr. 30
Toledo Bowling Green &

May

Southern

ToL Bys.

<&

Lt.Co.May

Jan. 1 to May 31
Twin City Rap Tr...Apr.
Jan. 1 to Apr. 3u....

12.886
19.062
13,426
39.258
80.162
72,090

508

816

After allowing for other income received.
Fixed charges Include dividend on preferred stock.
k Inoludes also sinking fund charges.

t

an index

to all annual

reports of steam railroads, street railways and misoellaneoue
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Sections. Full index for last quarter was In V. 80, p. 1475.
This index does not include reports in to-day's Chronicle.
RArLROADS. Etc.—
Page.
RAILROADS, ETC.—
Paoe.
Alaska Packers' Association

1910

Amalgamated Copper (statement,
wlcb balance sheet Apr. 29)

2334

lUll
American Beet Sugar
1726
American Can
2465
American Caramel
234<
American Pipe Mfg
American School Furniture
2a i7
Amer. Waltbam (bal. sh. Mar. 31).2343
Barney & Smith Car
2451
Bell Telepnone of Buffalo
2395
Bell Telephone of Canada
2395
Bell Telephone of Philadelphia. .2395
Brooklyn Union Gas
I85a
Brash Elec. Ilium. Co., N. T
1868
.

.

ButterickCo

1727
Cent. Dial. 4 Print. Teleer., Pltt8b.«395
Central & So. Amer. Telepraph
1727
Central Union Gas Co ^. Y
1865
.

Chesapeake & Potomac Teleph
ChicaKO Edison
Cleveland Akron & Columbus

23rf6

ia70
19J1

& Iron (statement to
N. Y. Stock Exchange)
1726
Colorado Telephone
2396
Col. * Hocking Coal & Iron
2842
Commonwealth Elect., Chicago... 1970
Consol. Gas Co. of New York.io64. 1910
Consolidated Rubber Tire
2312
Com Products
1M53
Cumberland Teleph. & Teleg
?39n
''399
Denver & Kio Grand*

International Nickel

2216

Kansas City G..S
2458
Kansas City So. (circular by management)
1921
Kings Co Elec. Light &, Power
2216
Lake Shore & Mich. Southern
1862
Mexican International
1969, 197a

M exican Telegraph
1727
Michigan Central
l(-52
2H9ri
Mlssoorl & Kansas Telephone
Montreal Light Heat & Power ....2451
National RR. of Mexico
1903. i917
Nebraska Telephone
23y7
New
New
New
New
New

Amsterdam Gas

1866
2337
18i3
1866
1855

.

England Teleph. & Teleg
York Chic. 4 St. Louis
York Edison
York Mutual Gas Light
Northern Paclflc (bal.sh. Feb.23).1853
1m56
Northern Union Gas
Oregon Short Line (bal.sh.Jan.31).l969
Pacific Mail Steamship
2341

& Teleg
Pennsylvacia Telephone.

Colo. Fuel

Pacific States Teleph.

Electric Co. of

Pittsburgh oil & Gas
Pittsburgh Coal (statement to
N. Y. Stock Exchange)
1919
Pocahontas Collieries Co. of Va..2455
Safety Car Healing « Lighting ...2218
Southern New England Teleph.... 2398
1x55
Standard Gas Light Co.. N. Y.
Tennessee Coal, Iron &RR.. 1970, 2217
United Copper
2395
United Elec. Light & Power, N. T 1856
United Gas Improvement.... 1856, 2342
United Shoe Machinery
2458
2340
U. S. Realty & Impi. (lOmos.)
United States Rubber
1969
United States Steel Corp. (8 mos.
toMar.:^^)
1726
Western Telephone & Telegraph.. 239S

America

234•^

General Asphalt
2218
General Electric
1726,1785
Gottlieb- Baueruschmtdt-Strauss

Brewing
19T4
Grand Trunk Ry. of Canada
1909
Great Laki 8 Towing
2347
Hudson River Telephone
239t)
Hunt. & Br. Top Mm. UK. & Coal. 1724

was

2397
2397
2311

.

.

Feiin^jlTania Company.
C Report for the Fiscal Year Ending Dec. SI, 1904 J
President Caesatt says in part:
Gbneral Results -While the year shows a alight falllni? off in the
grcs* earning!?, there was a maob larger decrease In the expeaseB. and
after dednctingthe rentals dae roads operated on a n«t-earnlQge basis,
the net reenlt to the company was an earning of $8,292,868, a gain of
$39t».'27 over the previous year. The inooma from Investments was
»7.120,349, being an average of 6 p. c. on the co it iherdof, making the
groBBliiooine$l&.ii 3,218. an Increase over 1903 of #l,5.^!^,500, and
after rieduotlng all flxed charges, Interest and other llablUtleH, iiclnding advances to lines In Us sysrem. there was a net Inoomo of $:>.187.930 'J'here were paid ont of this amount, in addition to contributions to sinliing funds aggregating $293,910, the sum of$i,33i,O00
rerresentlng certllloates of the gold loan of 1901 drawn Ooi. 1, 1904,
and a fllvi';end of p. c. u;)on the capital sto sk. lBavln;< a balaacd of
$1,500,020 to be carried to the credit of profit and loss aooonul. In
^O'" fotire extraordinary expenditures, the sum of
Zn'^l^rJ'L^^"''^'^^
*z 000.000 was transferred from that account to the special fund set
.•>

apart for feuch purposes.
Tl

354

number

of conductlng-iransportatlon items,

Sale of Bridob.— The controlling Interest owned bv the PennsylCompany in the Kewport A (^ncinnati Bridge Co. was sold on
advantageous terms on April 1, 1901, to the LotUsTllIe & Nashville
BB. Co. V. 79, p. 152.
Vandalia Consolidation.— In acoordance with an agreement dated

Dec. 29, 1904. the Terre H:inte A ludianopolls BB the St. Louis
Vandalia & Terre Haute EB., the Terre Haute A Loganspirt By., the
Logansport & Toledo By. and the Indianapolis & VidoenuHS BB were
consoliaated under title of Vandalia BR. Co., taking eff.^ct Jan. 1,
1905, the lease of the Indianapolis & Vlncennes RB to the Pennsylvania Company dated Dec. 28, 1878, having baen canceled Dao. 31,
1904. The consolidation merges Into one system under your control
the lines which form your direct connection via Indianapolis with St.
Lonis, with the roads tributary thereto, extending to Vlncennes on the
south and to South Bend and Butler, Indiana, on the north, embracing
an aggregate of aboat 631 miles of main tracks (compare V. 80, p.

The results below are on all lines directly operated by the
Pennsyivania Company:
EARNIN03, EXPSNSES AND CHABOES.
1904.

1903.

1902.

$

$

9

$

27,48S,171
5,868,722
746,020
880,670
1,279,752
130.246

27,696,777
6,117,»30
756,554
786.943
1,061,228
183,503

24.966,656
5,660.764
658,123
734.46&
830,969
174,682

21,972,238
4,848,850
681,712
730,312
728,280
193,152

36,390,682

36,602,935

33,025,648

29,054,341

etc.... 3,842,144
Matnt. of equipment. 5,829,573
Cond'ng transpori'n. 14,439,813

4,341,^53
6,066,670
14,836,711

722,241
1,209,586

4,480,862
4,544,086
9,784,760
531,948

1,143,025

4,371,003
5,198,863
13,128,044
566,317
1,049,201

26,048,362
10.347,220
reo'd.. 7,120,349

27,116,684
9,486,251
6,960,577

23,308,429
9,717,219
5.413,983

20,312,038
8,742,506
3,505,366

17,467,569

15,446,828

15,131,202

12,247,872

7,851,119
2,213,417
438.495
1,697.024
79,584

7.O74.990
2,236.883
451,202
414,913
149,198

6.758.004
2,103,748

231,552
135.864
118,049

6,662,777
1,482.701
161,659
211,718
44,756

Total deductions.! 2,279,639

10,327,186
5,119,642

9,347,218
5,783,985

8,586,611
8.681,261

2,000.000
x
x
1,627.930
1,627,910
1,583,138
(5)2,003.000 (4)1,600,000 (3)1,200,000

1,000,000

Earnings—
Freight

Passengers
fr^xpress

Mails
Kents

MisceUaneoQs
Total

Expenses—
Maint. of way.
General

Taxes
Total

Net earnings
Int. and divld.
Total

,

p.

of pa^B1ngers carried Inoreased 614,194, or 2-25 p. C

J he aggregate paesenger mileage was 869.602, 10/ miles,
an 1 ncrease or
»&,iti 7,073, or 12-29 p. o. The average rate received
per to
oer
ton per mile
^n
- was „..-,,,on oil
all 11
lines
6 5 mill'., a decrease of 2-10 mill.
There were marked decreases In the expenses of all roads in the system, especially in the malntalnenoe-of-way and the
malntenance-of-

728,425

1901.

970,402

Deduct—
A)l rentals
Interest on bonds...,
Car trust payments..
Interest,gen(4ral acot

Advances

to

BBs. ....

Net income for year.. 5,187,930
Distrittution-

Added

to ''extraot'y

expend, fund"
Sinking fund, etc
Dividends
Surplus

3,183,130
1,936,512

3,627,910
1,560.020

367,334
(3)680,000

4,327,930
956,025

1,997,334
1,683,927

X From

the "profit and loss account" $3,000,000 was appropriated
1903 to the " extraordinary expenditure fund " and $2,000,000 in

1904.

PROFIT AND loss AOCODNT 1904.
Deduct amount transBalance at credit Deo.
ferred to extraord'y
$6,398,949
31. 1903
exoenlicure fund ...$2,000,000
Balance for 1904
1,560.020
Amount at credit Dae.
Profit 'rom sale of se757,168
6,716,137
curities, etc
31, 1904
$8,716,137

$9,716,137

BALANCE 8HBET PENNSYLVANIA COMPANY DEC.
Assets

-

S^ionrltlf'S.,

Equipment
R-al estate
Real estate in trust.
8 eub. Extension RR. lease
Leasf d ri)ads, betterments
Does In carrent account

1904.

1903.

$

$

119,392,831
8,23l.6l»
988.882
236,53 i

118. 540,328

l,3f>2,^>''7

524,678
2.33«.546
3,139,629
1,972.H02

Omh with Treasurer
32,;S6i.519
Caifhon special doiioidt
Cash for Interest on bonds
469.675
Sinking funds (leased roadti)..
3,526,160
Total assets

185,886.677

1902.

$

3,372.163
5,004,428
1,565,435

552,775
3,414,982

432.680
3,823,187

163,212,011

128,948,506

l,8:iS,573

li>.OU,57l
1,425.770
1,717,401

2,1 2^. IS''

MiioelUneous aBsets

8,011,0*0
1,006.168
236.8J2

6,468.153
1,311.381

Advances

31.

99,892,16b
8.002,509
1,000,861
404,587
1,238,573
3,341,689
1.512.988
1,570,030
1,214,719
366,842
2,124,099
3,046.015
1.427,761

l,23-<,573

Station agento, etc
Bills receivable

Material on hand

gregat

number

vania

in

entif'i

also a decrease in a

due to a lower cost of fuel and to the freer movement resulting from
the completion of Important Improvement work, and the capital expenditnres of this and previous years.
Capital Expknditurkb.— Heavy expenditures were necessary upon
the Pittsburgh Fort Wayne & Ohlc»go By. in the elevation of tracks
in Chicago and Allegheny City, for the purpose of eliminating grade
crossings, in the completion of its double-track system between
Pittsburg and Chicago, in the construction of third, f onr.h aud fifth
tracks and sidings at various points, and in the lurcher extension of
yards and other terminal improvements.
Large outlays were also made for double-tracking and yard? on the
Cleveland & Pittsburgh BB., and other lines in your northwestern
system. On the southwest system the same liberal outlay was required in connection with the track elevation In Chicago, the construction of additional traces and the increase of yard, shop and other
terminal facilities. The Ohio Canneotlng By., which furnishes the
main highway for the Interchange of traffi 3 between the two systems
n<>ar Pittsburgh, was further improved by the o^mplt^tion of additional
connections with the Pittsburgh Clnclncatl Chicago & St. Louis By.
south of the Ohio Blver, and the oonstrnction of the large distributing
yard at Soally's Station. There were also further material increases
in the motive power and equipment on both systems
New Securities.— As set forth in the report for 1903, and in order to
reimburse Its treasury lor the heavy expenditures male by this company for betterments and improvements upon Its leased and controlled
lines, and to provide for further work of a like nature, an Issue was
made of $50,000,000 temporary collateral obligations, which will
matnre Oct. 1, 1905; and In order to make partial provision for these
obligations it was thought best to dispose of the $5,000,000 of Series
C 3>« p. 0. guaranteed trust oertlfloates; and also of an isBue of like
certificates for $10,000,000, known as Series D; both of these issues
being secured by an tqual amount of Pittsburgh Fort Wayne <s Chicago By. 7 p. c. special guaranteed stock deposited as collateral.

1243; V. 79,p. 2148).

ANNUAL REPORTS.
is

equipment departments, due to the heavr expenditures during the
previous year In renewal of equipment, bridges and tracks. There

,

*

Annual Reports.—The following

(Vol. lxxx.

1,349..590
74*,9.56

J
June

THE CHRONICLE.

24, 1905.1

190i.
LiabUities—
$
40,000,000
Capital ttook
Fnnded debt
65,070.000
Collateral loans
60,000.000
808,411
LesBor companies for aappUes.
1.607,ft63
Dnes In onrrent aooount
Onrrentexpenees, leased roada 8.186,238
4.20.S.362
MlBoellaneons liabilities
1,366,434
Interest on debt
Extraordinary expendlt. fund. 3,109.835
Beserve fund, leased Tcadii.... 3,060,300

Pennsylvania RB. advances
Sinking fnnde

and

Profit

.

1902.

$

f

40,000,000
66,635,000

40,000,000
68.018,000
3,000,000
881,831

83l,«31
1.228,763
3,608.269

3,14'S,572
.'?,937,806

6,^278.384

3.2-20.223

868,399
3,489.031

807.661
3.539.219
2,915,422

Z,983.2.S3

31,827.076
5.063,066
6.398.949

6,76»,407
6.716,137

loss

1903.

.^.4ll,0'71

2619

with the English Corporation for the ezolnsive right to mannfactare
for it all its casting machines and keyboards for a period of five years;
this will net as a very considerable profit.
Secretary W. Bancroft says :
During the year the installation department installed 175 casting
machines at d 228 keyboards. These figures cover new installations
only and do not Include ca'es of leased machines previously Installed
or shipments to the English company; 141 casting machines were installed In new plants and 34 In plants already f quipped with Monotypes; 165 keyboards went to new, and the balance to oil ctBoes.
These figures show that more than 18 p. c of our cas'.lng machines
and 2? p. 0. of our keyboards were installed by people who had already
demonstrated to themselves the superiority of the Monotype.

TREASURER'S REPORT UARCH

6,122,360

1905.

128,948,566

188,212,011

185,886,677

TotalllablUtles

—V.

Assets—

Canh

80. p. 1424,1175.

Bills

ihlcafco & Western Indiana RK.
Report
for Fiscal Year Ending Dec. SI, 1904. J
C
The income of the Chic.
W* sfc. Indiana is derived principally from the rentals paid by the companies making use of
the railway and terminals, its reports thoviring:

&

Bevenue—
Bentalfiom

1904.

1903.

$

$

1,316,334

1,244,4*76

9
960,701

65,454
1,483
60,731

53,133
4,796
13,177

28,321
?0,718
13,100

1,434,002

1,315,582

1,053,340

906,382

1,031,66.S

976,685
300,000
21,427

733,807
300,000
15.672

615.370
800.000
10,331

lessees

bouses & land.
Dls., Int. and exobange..
MUcellaneons earnings.

do

Total
EjipengeB—
Interest charge
Dividends (6 p.
MlsoellaneoQB

SOO.OOO
80,946

c.)

1,412,611

Total

Balance

sar. 21,391

1,298,112
8ur.l7,470

BALANCE SHEET DEC.
Assets—
Construction

count
BIlis

&

1004.
$

»

29.054.626 2e,'^S6.647
accounts..
421.837
b75.109

Cash,

Material

Bonds on band

482,500
454,530
260,000

li*04.

1903.

t

$

5 ,0 0,000 5.0110,000
Bonds
28 .892,667 21.200,R''7
1,'
Vouch cur ace's a: 3,054
545,904
47,77H
4t,lt-0
SlukiDg funds. ...

&

2:8.213
19,«60

Interest accrued..
Miacellaceous.. ..
Bills

payable

8, ,0.')0,000

281,398

account...

Total

83.842.968 28,294.914

274.29^
\»,850
PS'.OOO
280,009

33,842,968 28.294,914

80. p. 2219, 1584.

INCOME ACOOONT.
19(4.

,

Years ending May 31
1902.
1903.
$29,880
$151,457 $136,169
67,761
792,996
375.440
60,776
351,gl2
80,040

.

1904.

Dividends
Other profits

$44,836
777,153
166,262

Total

$978,240

$883,662

$73,719
4,605

$77,870
4.490

Interest

$6i.6

937 $555,742

Deduct—
Salaries, legal cxp., etc..

Taxes

(5)840,883 (4ij)756,000

Dividends

$919,167
$59,083

Total

Balance
Dec. 31,

Bonds
Loans
0£Bce

k miR.prop.

Accounts
Cash

recelv.

.

Total assets.

—V.

$123,828

$17,713

^,572
(2)288.000

5.773

$53,486
$417,400
$189,637 $502,256

BALANCE SHEET.
May 31,

Der.2l,
j9u4.

19U4.

1904.

Assets—
Stocks

$838,360
$45,292

I
18,788.970
184,258

$
17.008,972
lh3,879

83iJ.065

13-1.277

2
43. 109

t69.893

19,97S,29S
80. p. 2B45. 1858.

3
177.454
522,241
18.923,5^6

UabilitUsCapital stock

$
17,0OO.C00

Losns
Dividends

May 31.
1»04.
S
16,800,000

500,fiOO

72.414
451.140

"2l6.9fl5

profits. 1,991,744

1,739,363

Tot.llabllities.l9,9;5,298

18.f 23,525

Fund sconstit. cos.
Undivided

17.1,207

Lanston Monotype Machine Company, Philadelphia.
C Report for Fical Year Ending Ftb t8, 1905
President J. Maury Dove, under date of April 20, 1905, says
General Besults.— Tbree hundred and sixty casting machines and
520 keyboards wtre sold— of this number i60 casting luaehines and
280 keyboards were sold by the English Corporation. GrosH saleB
amounted to $l,04'i,270. showing an Increase of about fOp. cover
the year previous. The net profits were $280,268, ehowina an Inortase of 100 p. o. While the finances and aflairs generally are In
excellent shape, the directors did not feel it was good business ro declare a dividend at, ibis time, owing to the extraordinary expeodlture
made necessary by taking over the Sellers contract.
A number of valuable pa;ents [19] were issued and assigned to the
compaT y.
Loan to Enable Compant to do its own Manufactcbing —Early
in the year It became evident that the company should establish Us
factory and take over the manufacturing of its casting machines.
With that erd In view It was arrani.red In Jan., 1905. that a number of
the largest stockholders should advance to the company the sum of
$250,000 as reqalred on the uuHecnred notes of the compaoy, payaole
In three years or sooner, at the option of the company. The entire
west wlntf of the Thorn Building was secured, and at the preHont
tme the entire factory Is In operation, turning out 1»« maohtues per
day (with facilities for oonploerably lnorea«ln4f this oucput), molds,
matrlcesand all other accessories. It Is believed the company will be
able to pay off the entire loan inside of the three years trom the savCONTRACTS —The unfilled order for 60.") machines on which the Sellers Company was working was taken over and the company will save
a large amount of money by this transaction. During the year 28
machines were purchased by the Pnbl c Printer for use In the Government Printing OHlce in Washington. D. O and the results obtained
from their use have fully sustained the Monotype's reputation [see
A ooniraci was closed
largo order ment ioned on page 2624 —Ed
,

]

Loans and

bills

re-

and

loss

Total

..5.^03.616 6.333.012

42,006
31,821
139,527

12.'i.000

Accounts payable...
Profit

119,568

195,173

pay

able
672.41'?

e3,.547
41«,79t5

5.803,516 5 ,333.012

2602.

p.

RAILROADS. INCLUDING STREET R0AD?4.
Allenio^n & Slhtingtou Street Rr.-<So/d —See Lehigh
Valley Traction Go. below.— V. 8D,. p. 2318.
Alloona & Logan Talley Electric Ry.- Option of Bxcha^ gr?.— Refer r log to the call for retirement or the divisional
Isc mortgage 5 p. c. bonds at 105, the hoklers of these bonds
are offered, by advertisement on »no'her p-ige, the right to
exchange the same for the consolidated mortgage (now to be
first lien) bonds of 1903, on the basis ot |l,OfO in the consolidited i}^s and 5 p. c. in cash, less interest in adjustment for
each 1 1,(100 5 p. c. bond. The 4i^9 are guaranteed as to principal arid interest by the American Railways Co. of Phlladel-

phia.-V,

80, p. 2156, 710.

& Traction Co. - Opt-oaAskfd.—E^Unton,
Andrews, No. 60 Wall S^., re quest options for
Western interests on 3,0C0 shares cf the preferred stock and
American

Hnuim

'Ud

Ligpht

&

2 OCO shares of the c
stock, as follows:
Common stock at $95 per share, payable $1 per share down; $1 per
share on or before 25 days from date. $ I on or before 55 days from
date, and the balance, together with the iiterest on ^ald $93 per
share, at the rate of 6 p. c. per annum on or before 90 days after each
contract Is sisned.
Preleired, $104 per ehaie, with payments the same as for the comstock.

Mr. Eglinton was formerly connected with Emerson McMiliin
Co. and Assistant Secretary of the American Light

&

&

Traction Co.—V. 80, p. 1477, 1176.
Atlantic Coast Electric RH.—Notice to Bondholders.— The
reorganization commirtee, consisting of Henry M. Tracy, F,
G. Hobson and George W. Norrie, which represents bbont
75 p. c. of the general mortgage bonds, gives a "final notice"
to the holders of the outstanding bonds of this issue that the
time for depositing said bonds with the depositary, the Investment Co. of Pniladelphia, has been extended for 30 daya
from Jane 21. A final decree of foreclosure of the said mortgage has been ordered by the Unitt d States Circuit Court of
Appeals, and a foreclosure sale will take place under such
decree at tn early date.— V. 80, p. 2456.
Baltimore & Ohio B.R.— Increased Dividsi.d on Stock
Owned.— See Readlrg Company below.— V. 80, p. 2343, 2456.
Bond S)n(Ileate8.— Priefs and Pro^<«.— Information furniehed in the report of thti Frick Committee on the Equitable
Life Assurance Society spates the profits of variaus important bond syndicates, the prices at which tbeir bonds were
purchased from the companies and also the prices at wlaich,
in part at least, thf-y were placed witb the public as follows,
the profits being figured for the Chronicle in each case on
the basis of |1, 000,000 allotment in tbe uudarwriting
:

Comvany—Loan—

in (ubstanoe:

ings In the cost of manufacture.

1906.
1904.
t
t
6.000.000 6.000,000

UabiUtiesCapital stock
Di8C!)unt (Dills
ceivable)

GENERAL INVESTMENT NEWS.

mon

:

Cal year.

»
23.464
]43.fs3
143.3S6
140,100

mmon

North American Company.
C Report for Fiscal Year Ending Dec. 31, 1904. J
The report of President Wetmore, with the income acccnnt
and balance sheet, is published in full on pages 2636 and 2627
A comparison of results with previoas years (ending May 31)

shows as follows

Total

-V.78,

12,287

31.

lAabUities—
Stock

Income

Total

-V.

623.012
848,«8l
8.94^,000

$
871,282
21,S36
977

$
51,600
826.724
809,609
100,100

672.433
462,876
3t9 6V9
260,6P8
171,521
2.9-5
1.9V<8
Offlcefnrnlture
nt 436
Patents
89,^23
Kights.fran.& Imp's. 3,686,e00 3.609 ilOl
.

1901.

1,049,479
925,701
Eur.3,861 d6f.l9,819

1908.

ac-

Including
for coupons

1902.

receivable

Accounts recelva'e..
Treasury stock
Stock and bor/ds, Investment acc'nt.
Inventory
Plant

1.

1804.

Meiropol.

St. Ry..

Pbllaclelpbia Bxlt. & Wash. 43
IsluDd rcfundini; 48
Ure,iou Sh rt Line retunding 48
Pitts. C. Cb, St, St. l.ouis con. 4s
Nofolk & Western Division 1st lien
and penernl mortgage 48
Atch. opeka & SantH Fe deb. 4s ..
Imperial Japanese f s, 1st series
"
" (second syndloate)
"
" sed series

—

'I

Profit (.ver

sale.

$1,000,'jOO).

Jnne.l9C2

N. Y., 4s of 2002.

Long

Diteof
)

Oct.,

»30,ain

U03

19,8S2|

<i

'

Oct., 1904
8ept., 1904

20,038
20,623

Oct.. 1904

May, 19 4
Mar, 104

15,032
22,844
12,817
19,520

Nov., 19U4

j;31,407

Jan., 1908

^Pr<c« (with inf.)-,
PuTch.

sue.

94

67 - 97}^
i/108k-104

94

88J^
90 - 97
103

KO

1lb6

100

MM,

296M
97

- 98Ji

X Calculated on allotment of £200,000. y This Inwer price Is given after deducting commission of !> p. c. Irom higher price, lOi. z Price was 90X, from
which was deducted M P c. commission.
This crice, thougb given in both the Frick and Henlrlcks reoorts, would
seem quite likely inaccurate m view of the sale price and iho protlts of the
IT

synaicdte.

California Gas

k

Electric Corporation.— See Valley Coun-

Power Co. under Industrials below.— V. 80, p. 1910, 471.
Cbnada Atlantic Rj.— Offtring of Ouaranteed Bonds— The
Biuk of Montreal, having purchased £1,025,000 of the
£i 292,200 consolidated first mortgage 4 p. c. gold bonds due
.lar. 1, 1955, "absolutely guaranteed by the Grand Trunk

ties

Railway of Canar'a, both as to principal and Int-srest,"
fifered the same in London at £99 p. c, saying

cently

1

re-

:

The

Interest Is payable Jan. 1 and Jaly 1, the flr*t coupon of 2
being payable Jan. 1, 1906. Both principal and Interest will ba
payable at the Grand Truck Railway Co 's IHje In London, or a'l optli.n of holders at us olli e in Montreal Inlawrul money of 0-.Lat*, or
at Its oflloe In New York In gold coin of the United States of A.in-rlca
p. o.

<

A

THE CHRONICLE.

2620

at tlie fixed excharpe of $t 8R to the £ sterling. The bonds are eeonred
by mortgaKe dated May 18, 1905, in favor of the Royal Trust Co. of
Montreal, con-ttutlnjr a coDBolidated first charge on all the real and
personal property excepting ships, and branches or extensions to be
h-reaft<>r constructed, and eu^j80t to prior Issues below mentioned.
Thelesne of £3,292,200 oompriees the entire bonded debt, and Is

held as follows:
Keta'ned in treasury, to bo Issued for betterments under re£411,100
strictions stated in the trust deed
Deposited with the trustee for retirement of equal amount
of prior luenes still outstanding, bearing interest at 5 p. c,

and maturing jAn

5,

1909

598,400

Issued in exoharge for outstanding first morfgage bonds previously l8PU<=>d, and which have matured and been oanoPled.i?,28'2,400
[The bonds offered are a part of this last lot.] -V. 80, p. 2343, 1727.

Cliieapo Barllneton & Qnincy B,Ii.—Bjnds Offered.- J. P.
Morgan &Co. and Clark, D jdge & Go. are offaring at 108 and
interest, by advertisement on another page, |28,859,00() Illinois Div. mortgage 4 p. c. bonds, due July 1, 1949.
These
bonds are the balance of an issue of $85 000,000, of which
$oO, 835,000 have already been issued as 3J^ p, c. bonds and
$1').

306,000 as 4 p.

c.

bonds, all subjsct to retirement as a

whole but not in part at 105 and accrued interest on any
interest day after July 1, 1929, upon a\x months' notice.
The bonds are issued to retire 119,699,000 consolidated
mortgage bonds which matured in 1903 and were extended to
July 1, 1905; and for corporate purposes. Upon the payment
of the consols on July 1 and the discharge of the mortgage
geauring the same, the Illinois Division bonds "wiU become an
absolute first mortgage on the terminal property of the company in Chicago and all of its main line and branches east of
the Mississippi River, consisting of 1,611 '73 miles of single
traok and 204 miles of second track."
la part payment for bonds purchased, the maturing bonds
will be received at par and interest to Jaly 1st.
New Directors. The following changes are announced:
New Directors.— GBorsre P Baker, George O. Clark, Samuel Thorne,
J(>mesN Hill, John J. Mitchell.
Retired. -E. H. Harrlman, E. T. Nichols, Jacob H. Sehlff, H. McK
Twombly and Geo. J. Gould.
Called BoKds.— Bonds to the following amounts have been
called for redemption and will be paid at the new England
Trust Co., Boston, July 1, 1905, interest then ceasing, viz.:

—

[Vol. lxxx.

& Cincinnati

Elevated RR. & Transfer & BridRe Co,, and a contract dated the
day of
1905. between the Chesapeake & Ohio Ry. Co. and the purchasers and future owners of said stock."
Capitalization: Common stcck, $10,000; euaranteed 4 p. o. preferred
stock, authorized, $1,000,000; issued and outstanding, $650,000.
There is no bonded debt. See V. 80, p. 2398, 1723.
,

CiDclnnatl New Orleans & Texas Pacific ny.—City StlU
for Terminals. ~^ee page 2631, State & City Department.— V. 80, p. 2398.
Cleveland Cincinnjiti Chicago & St„ Louis Rj.— Stock

Bjiid-)

Author izei,

—The

shareholders on Wednesday ratified the

propo&iMon to increase the limit of cnmmon stock issue by
$11,300,000. Compare V. 80, p. 2399, 8343.
Colorado & Sontherju Ry.—New Mortgage.— The 'fihaxeholders on June 15 formally ratified the proposition to make
a new mortgage in amount not exceediDg $100,000,000. Compare V, 80,

p. 1971, 1911.

olumbla (S. C.) Electric Street Railway Light & Power
Co.— CowioZi fafzji.— The shareholders on June 15 formally
«pprovpd the proposed consolidation with the Columbia
Water Power Go. The agreement has also been approved
by the Power Company's shareholders, and will go into effect,
it is understood, on July 1.
See official statement in V. 80,
i

p.

1971.

Colnmbns New Albany & Johnstown Traction 0,0.—New
Mortgage. — None of the bonds issuable under the new $450,(00 mortgage has yet been issued; $50,00) thereof are reserved for prior liens. The interest is payable July 1 and
Jan. 1 at office of trustee, the bonds being dated Jan, 1, 1905.
Tbe mortgage, it is stated, covers 25 8-10 miles of track. See
V. 80, p. 2399.

ConEoiidttted

bonds off tired by

Ry.,

Connecticut.

&

L'^e, Higginson
19'>5) Issued in

—Bond Offend.— The
B jston, are $1,000,000
<

Co.,

connection with the purchase of the Springfield Street Ry. and not, as reported by a
Baston paper, the graded interest bonds issued for the conThe reply to our telegram
trol of the Berkshire Street Ry.
of inquiry was delaye'l or the error would not have appeared
in this column.— V. 80, p. 2457, 1911.
Delaware & Bouad Brook RR. —iVo Bids Accepted. All
(1) Burlington & Missouri Blver RR. Company In Nebraska, nonbids
received by the company for the $1,800,000 new ^% p. c.
exempt 6 p o. consolidated mrrtgage bonds dated 1878, due July 1,
bonds were rejected and no further action has been taken in
19 8, viz.: $173,000 in $1 .000 bonds and $20,400 In $R00 bonds.
(2) Republican Valley RR. 6 p. o. bonds dated July 1, 1879, due
regard to their sale.—V. 80, p. 1728, 118.
July 1, 1919, viz.: $21,000 in bonds for $1,000 each and $6,600 in
Detroit Sonthern RR,— Notice to Certificate Ho'ders
bonds for $600 each.—V. 80, p. 2457, 1058.
See Ddtroit Toledo & Ironton Ry. below. -V. 80, p. 2457, 2399.
Chicago Great Western Uj.—New Stock for Mason City &
Detroit Toledo & IrontOTi Rj.-Ann Arbor PurchaseFort Dodge Preferred— Offlciil Circular,— President A. B.
Collateral Trust No 'es— Equipment Trust Notes —The shareStickney, in a circular referring to the proposition to increase
Juae 26 (I) to ratify ttie purchase of 30,010
the preferred B. stock from $10,000,000 to 124,000,000, aFudes holders will vote
stock and 21,900 shares of the comto the contract entered into with the Mason City & Fort shares of the preferred
mon
stock
of the Ann Arbor RR. Co.
(2) to authorize the
D.dge Co. respecting the interest on that company's first
of this stock, together with $5,000,000 of the consolipledging
mortgage bonds (compare V. 80, p. 289S,) and says
dated mortgage bonds of the D T. «& I. Co , to the United
In consideration of this lease, and to make its possession more
secure, the Chicago Great Western By. Oo. has purchased all the Spates Mortgage & Trust Co., as trustee, under a collateral
common stock of the Mason City & Fort Dodge RR. Co., giving Us own trust agreement to secure $5,500,COO of 33^ -year 5 p. c. notes
common stnck In exchange. The Mason City & Fort Dodge Co has dated Jane 1, which are to be turned over to Raiolph KleyIssued $12,000,000 of first mortgage bonds, and In lieu of Issuing
in exchange for (a) the aforesaid shares and (6)
$7,840,000 of additional securities bearing a fixed interest at the rate bolte & Co.
The collateral trust agreement provides
of 4 p. 0. per annum. Is willing to issue $14,000,000 of 4 p. c. preferred $500,030 in cash.
stock (nonoumulati^'e), and transfer It all to the Chicago Great tor issuing not more than $1,500,000 additional collateral
Western in exchange for a like amount of its 4 p. c. preferred stock trust notes to acquire the remainder of the capital srock of
B, and it is for this purpose that the directors raoommpind an increase
t-he Ann Arbor Co.;
(3) to approve a contract with Radoloh
of the 4 p. 0. preferred stock B from $10,000,000 to $24,000,000. It
this exchange is made, the Chicago Great Western earnings will be
Kieybolte
Co. for the delivery of 1,800 coal cars, 200 flat
Increased, by reason of the construction of the Mason City & Fort cars, 500 box oars and 30 locomotives in exchange for $235,Dodge RR.,by the earnings of that company in exoess of $1,80,000 per
OCO cash (part of the aforesaid $500,000) and $2,080,000 4^ P. c.
annnm (4 p. c. on $12,000,000).
At the beginning of June, 1S0^, the date of the first mortgage bonds equipment trust notes, dated June 1, 1905, and due $208,000
of the Mason City & Fort Dodge Co., the Chicago Great Western Co.
annually beginning Jane 1, 1908, with interest thereon paywin hold net earnings of the Mason Olty & Fort Dodge Co. amoantina; able Dec. 1 and June 1.
to about (8873,000, which, as soon as the increase of the preferred
The temporary stock certificates of this new company have been isstock B is sanctioned by a vote of the shareholders, can be added to
sued to theDBtroit Sonthern reorganization committee in the amounts
the surplus of net earnings of the Chicago Great Western Ry.; otherwise this $873,000. plus $128,088 already taken Into earnings of the provided by the plan, and are now held by the depositary of the comChicago Great Western, Is liable, under the oontriot, to be paid out mittee pending the distribution of permanently engraved csrtifloates,
during the first years of its operation, while earnings are developing, which will take place as soon as the certitioaces are received from the
engravers. In the meantime the notice of the aforesaid meeting was
as interest on the $7,810,009 of additional securities, which the Mason
sent to the holders of certificates of deposit for voting trust certificates
City & Fort Dodge is entitled to issue. Adding $873,000 to the surplus earnings of the Chicago Great Western Company will strenethpn of the predecessor company, with the request that they etate l>y Jane
the position of the 4 p. c. debenture stock, strengthen and lay the 24 how they wish their stock to be voted.— V. 80, p. 2457, 2899.
foundation for permanent dividends on the 5 p. o. preferred stock A,
Detroit United Ry. — Opiiwi to Refund.— Kesiu, Van Cortand when the preferred stock A is thus put upon a permanent divi- landt & Co., New York, referring to the notice that the
dend basis, with a surplus of earnings behind it, the value of the preferred stcck B and common stock will be advanced. These are the $6,585,000 Ddtroit Cit^z^ns' Street Ry. Co. Ist consolidated
facta and arguments which have induced the directors to recommend
mortgage 5 p. c. bpnds due July 1, 1905, will be paid at mathe incrense of the preferred stock B as beneficial to the holders of all
turity at the Guaranty Trust Co., 28 Nassau St., announce
of the different classes of Chicago Great Western stocks.
The $7,840,000 4 p. c. seourltles which the Mason Olty & Fort by advertisement on another page that they have purchased
Dodge is entitled to Issue represents actual cash Invested In the prop- the Detroit United Ry. 1st consolidated mortgage 4>^ p. c,
erty in excess of the first mortgage bonds. Therefore the exchange gold bonds due 1932,'lesued to replace the Citizens' bonds
would be equivalent to paying 56 cash for the preferred stock B
wh'ch would be Issued to them, which is largely in excess of its present above mentioned, and would be pleased to submit the terms
market value. (Compare syndicate extension, V. 80, p. 1911.)— V. 80, under which holders of the latter may exchange their bonds
p. 2457, 2398, 1911.
for the Detroit United 43^8.
Dividend Iwrreased.—A. quarterly dividend of IJ^ per cent
Ihlcago Kock Island & Pacific Ry. Co —Guaranty of Interest.— See Consolidated Indiana Coal Co. under "Indus- has been declared by the company, payable Aug. 1. This
trials" below.— V. SO, p. 2398, 1856,
increases the yearly rate to 5 per cent from 4 per cent reguCinclanatl Inter-Terminal UR.— Guaranty.—The certifi larly paid since March 1, 1901.—V. 80, p. 1123, 1111.
Eastern Ohio Tractioa Qo.— Reorganization Plan,—
cates for the $650,000 of first preferred 4 p. c. cumulative
reorganization committee, consisting of George T. Bishop,
Btook are endorsed as follows:
H. P. Mcintosh, W. D. Raes, H. A. Everett and W. H LamOUAHANTT BNDOBBED ON EACH CERTIFICATE OF iBT PREF. STOCK.
under foreclosure of
" The CovliiKt^'n & f Inclnnati Elevated RR.
& Transfer & BrldKe Co. hereby precht, proposes the sale of the property
guarantees the payment of the four (4; per cent annual dividend hereon, this the consolidated mortgage and the organization of the Cleveday of
190—."
land & Mahoning Vallwy Traction Co., which will be authorRECITAL OP CONTBACT OBLIGATIONS ALSO ENDORSED OH CERTIFIOATBB.
ized to lesue the following securitiee:
of the said 4 p. c. annual dividend Is secured out of the rent
./'Z''°
l-^?*?..*'
to
NEW 8ECOHITIE8 TO BE ACTHOBIZBD AND ISSUED.
be paid
by the Covlnvtoa & CIncliinall Elevated RR. & Transfer & Bridge
$2,000,000
'" ".S?^"*'" contract of date of 6th day of .January. 1H05, beNew common stock. In shares of $100 each
r.il;''"'.'!''"^^'.''®'.'
^^^- ^°- a"" The Covington & OInclnnall
$1,745,922
Of which now iBsnable
VT^v"«i'.® 2 a*'""';"-^.'".?'':!^'"™'"*'
"'"«'er
HrldKO
Co.
*^
The payruenl of the said 4 p. c. dividend Is
&
fii^^,\r
25<,078
To remain In treasury
*''«
'';^"^''".?^
'^'•y "' Aorll, U04, between the Loulsv?iiP * fSri'^m "?,&
$1,000,000
Preferred 5 p. o. stock, cnmnlatlre after July 1, 1907
'^•""^"Ckv
Central
Uy.
Co.
and
theCovlnRton
&
rin^iS^,!!?r'i.T"'".'^?J^.V-.'''?n'
$894,525
which
now
issuable
Bridge Co.. and a contract of the 6th
Of
Unn^J,*J*,\?nl"K'*;*^'^"w»'f<V;^*
Sav
if
oay Of January, 1906 between the Chesapeake & Ohio Ry. and said
10,^.475
To remain In treasury
CovluKton
4 per cents (iue

—

1

—

;

:

&

,

'.'/

''^•"'

'

June

THE CHRONICLE.

24, 19U5.

New first oonsolldated

moitgage 5 p. o. bonds, a first lien on
the property south of Punderson's Lake and east of
Chafjjrln Falls, a second mortgage on the Cleveland &
Eastern division and a third men gage on the Cleveland &
Chagrin Falls division (preferred stojk to be given In Ilea

—

This action is looked upon as a test case. The At*
torney-Ganeral is seeking the co-operation of local authorities
throughout the State in defending the valuations fixed by the
State Tax Commission, there being, it is said, more than one
thousand suits panding with respect to the value of special
franchises. Compare V. 80, p. 2344, 1363.
bridge.

all

of first year's Interest

2o2l

on bonds now Issuable, "thas pro-

viding against an inorease of fixed charges until oompletion of property ")
$2,500,000
$35o,O0O
Of which now to be sold
To remain in treasury
350,0C0
Reserved for bonds undisturbed
1,300,000
OLD BONDS UNDISTCfiBED.
Cleveland & Chagrin Falls mortgages [1st mortgage, $200,000; 2d mortgage. $100,«'00]
$300,000
Cleveland & Eastern Ist mortgage
1,000,000
money to the amount of $878,000, it is stated, is
needed for the following purposes, viz.:
Floating debt, $300,000; accrued Interest on O. & E. and C. & O. F.
mortgages -say $30,000; monev required to be spent on property,
$200,000; estimated expense of reorganfzition, $11,000; to onlld 16
miles, Garretsvllle to Warren, etc.. including sub-station atid four
cars, $320,000; Shaker Lahes and Boulevard RR. Co., $17,000. The
new mileage, it is stated, will Include about thirteen miles to Leavitt^burg, where a connection will be made with the Mahoning Valley
Traction Co. and aconneoting line, 1^ miles in length, between the
Cleveland & Eastern division and the Qarrettsville division at Punderson's Lake.

New

The funds, $878,000, for the aforesaid purposes, it is proposed to raise by selling at par |113,000 of the ($l,000,COO)
Cleveland & Eastern Ist 5s now in the treasury, giving
therewith 10 p. c. of new preferred stock as bonus; it is also
proposed to sell at 90 tbe present issue ($850,000) new first
consols, giving as bonus therewith 10!) p. c. in common
stock, and in lieu of the first' year's interest on the bonds 15
p. c. of preferred stock. The stockholders who desire to participate in the reorganization must subscribe for the aforesaid bonds to the extent shown in the following table, the
bocds being given in return for the oath payment.
The holders of disturbed securities are treated as follows:
-And receives
Each ^\ ,Q00 hands ~
Pays
New
O. <££. Preferred
Oom.
Cash,. Bonds.
$100 stock—
Bonds.
Stock.
Slock.
Consol. 58 ($709,000)... None
x$l,025
Inoameb'd8($290.000).. None
103 $i',6'oo

>

Cerilfloates (a!32,600) for
C. & E. old coup. & int
par
zT!38 87 IT $37 63
Stook ($2.258,800)
$5 00 ab't6i4 f62-63
X Of this amount $25 represents bond Int. from Jan. 1, 1905, to July 1, 1905.
yOf this amount, $37 6a represents bonus given with new t>ondg and $25
represents amount of new stock given In exchange for $100 old stock.
zThe first call for money will be made payat>le July 1. 1905, and will be
$1N 87 per share.
IT The new Consolidated bonds now Issuable will be deposited with the Cleveland Trust Co. for two and o?ie half years uncier the maudgement of H, P.
Mcintosh, W. H. Lainprecht, H. A. Everett and W. D. Rees. syndicate managers, subject to s»le by them at not less than 90 p. c. face value and accrued
interest; the syndicate manaKcrs to receive one twentieth of one percent
face value for their services, and in addition all expenses of sale, etc. The
trust company will Issue its negotiable reaeipts for these bonds aad pay on
said receipts the interest collected by it on said bonds.— V. 80, p. 1478.

Erie & Jertey RK.—6?waran/eed Sonds.— See Erie RR.
ErieRR.— Zo;ij Grade Cut O^-Bonds.— The Erie & Jersey RR, Co. was incorporated at Albany on June 5 with
$600,000 of authorized capital stock to build for the Erie RR.
a low-grade cut-off from Highland Falls, via Campbell Hall
to Quymard, in Orange County, a distance of 40 miles, obviating the neaessity for helper-freight locomotives and shortening the route for passenger trains on this division of the
main line. An issue of |lO, 000,000 first mortgage 50-year
4 p. c. bonds is contemplated to cover the cost of the cut-off.
NiW Route to Morristoivn, N, J,— The company on May 29
began operating throt^gh passenger trains between Jersey

Georgetown & Western.—iVetc Reaiver.—F. A. Willcox
has been appointed Receiver, succeeding F. S. Farr. Mr.
Farr continues to be Ganeral Manager.— V. 75, p. 1354.

—

Gramd Trunk Rv.~ Guaranteed BrndsO^'end. See Canada Af.lantio Ry. above.— V. 80, p. 2457, 1909.
Gttlf & Ship Island RE,— Lumber Exports,— DariDg the
month of May, 19J5, the road handled export lumber
amounting to 16,472,000 feet. For tbe eleven months ended

May

31, 1905, exports amounted to 209,225,750 feet, as against
171,082,657 feet for the same period of the previous year.

V. 80, p. 162.

Gaajaqnil & Quito Rj,— Report.— A pamphlet report has
been issoed for tne calenciar year 1904 showing: Gross earnlogs, £68,049; oaeh from Government of Ecuador to pay
Interest on bond?, £121,848; total, £189,897; operating expenses, £67,600; Interest on bonds, £121,348; balance surplus,
£449.— V.

80, p. 2457.

Hndgoin Yalley (Electric) Ry,—Sale of Trust Company's
Holdings —The offer of $850,000 from the Colvln syndicate for
tbe securities of this company held by the Merchants' Trust
Co. was accepted on June 19 by the board of directors of the
corporation. The syndicate, it is said, includes John
of New Jersey (Chairman of the executive committee) and other men Identified with President Colviu in
laf-.ter

W. Herbert

his undertakings.

The

securities, etc.,

now

purchased by

ihe syndicate, we learn, include:
Consols
df 1,136,000 Hudson Val. Rv. 8took.$l,100,000
110,o00 North River RR. stock.
North River RR, 68....
110,000
Car trust notes
16,500 Promissory notes
110,000
d Of which $275,000 was held by tbe trust company as collateral
See V. 80, p. 2344, 2457.

Interborongh Rapid Transit Co.— Acquisiiion.SeQ New
York & Long Island Traction Co. below.— V. 80, p.2458, 2399.
Kansas City Fort Scott & Memphis Ry.— Ca led Bondi,—
Thirty-four ($34,000) Fort Scott Eqaipment Co. 6 p. c bonds
are payable bv the trustees at 50 State Street, Boston, on July
1,

1904.— V.

80, p. 1728.

Kansas City Talsa
Prcjuctei Line.

—A

& Southwestern RR. -New Stock for

certificate of increase of capital stock
from $2,000,00J to $5,000,000 was filed at Guthrie, Okla., on
May 25. The company proposes to build a line from Talala,
I. T., on the Iron Mountain (Missouri Pac. Ry ) to Joplin, Mo.
Incorporators: Jay Porsyfhe, M»jar Moberly, C. B. Lynch, Ed. C.
Reynolds, W. A C )ok, W. H. Hendren, 0. S. Walker, M. B. Balrd and
C. J. Sawyer. Headquarters Tulsa, Ind. Tor.

Lflke Sliore & Michigan Southern Ry.— Increased Dmdetd on Stock Ottncd.— See Reading Company below. V. 80,

—

p. 2458, 1912.

Lehigh Yalley Tractioa Co.— Foreclomre Sale.— At the
foreclosure sales on Tuesday the reorganization committee
bid in the property of this company for $3,000,000 and the
property of the Allentown
Slatington Street Ry. for $275,000.— V. 80, p. 2399.

&

Levis County (Que.) Electric Ry.— Sold.— At the Sheriff's
on June 19 the property was purchased by John Foreman of Montreal for $50,000,— V. 80, p. 1235.
Long' Island RR.—Acquisilion.—See New York & Long
Island Traction Co. below.— V. 80, p. 1363, 1111.
Manila Electric Railroad & Lighting Corporation.—
Mortgage.— This company's first mortgage made to the
Equitable Trust Co. of New York, as trustee, secures an issue
of $5,000,000 5 p. c. 50-year gold bonds due March 1, 1953, but
sul J9Ct to call for sinking fund, which begins March 1, 1903,
at 105 and Interest. Of these bonds, $1,800,000 is outstand-

City and Morri^town under a trackage agreement with the
Morristown & Erie (V. 77, p. 511.)—T. 80, p. 1912, 1862.
Evansville & Princeton Traction Co.—New Mortgage.—
A mortgage has been made to the American Trust &
Savings B ink of Evansville, Ind., as trustee, to secure an
issue of 5 p. c. 20-year bonds dated April 1, 1905, and due
April 1, 1923. Denomination, $1,000. Of the $700,000 authorized issue, $4CO,000 is reserved to retire at or before maturity
a like amount of outstanding 1st mortgage bonds. The remaining $300,000 is issuable for construction of new lines,
ballasting and other improvement3 acd additions. The press
dispatch to the Cincinnati "Eaqulrer" which gives the above
information states that the title of the line will be changed.

sale

—V.

Mexi an National Construetlon Co.— Option to Mexican
Central Ry -Wskitev Hinchtnan, Room 603, No. 11 Broadway, representing large holders of the stook, has given to the
Mexican Central Ry. Co. an option to purchase the stock at
the rate of $9 75 per share of preferred stock and 50c. per
share of common stock, and 9^ p. c. for dividend scrip. All
persons who wish to have their holdings included in the option must deposit the same before July 1 with the Commercial Trust Co., Jersey City, or with Mr. Hlachman.
The

79, p. 2147.

Franchise Taxation in New York State.— Payment of
Taxes for 19 QO and 1901 by New York City Cos.— The spe-

owed by New York City corporations for
the years 1900 and 1901 were generally paid by June 13,
less some portions still in dispute, in time to escape the tax
sales, which for the years named were to begin on June 14.
Most of the companies deducted from the tax the moneys
paid to the city by way of percentages on receipts and fees
for car licenses, etc. Such companies received receipts "on
account," pending a decision of the matter in the courts.
The Consolidated Gas Co. paid its individual tax in full,
Among the payments made are:
PAYMENTS ON ACCOUNT OP FRANCHISK TAX MOSTLY FOR 1900 AND 1901.
ConsoHilated Gas Co
$686,879 Metrop. St Ry.lor 1900. $774,335
1,888,305
New York Edison Co.. 165.015 Manhattan By
SSi.OSO
Standard Gas Llgat Co.. 176,434 Brooklyn City RR
66,547 Naosau E eotrio BR
257,724
N. Y. Mutual Gas Co
85,270
Brooklyn Unioo Gas Co.. 772,688 Bhlyn. Qn'n8 0>.<feS. RR.
27.706
do 4 sub-companies... 97,797 Kings County El. Lt.Oo.
Edison El. 111.., B'klyn. 254,461
Citizens' Water Supply Co. 32.204
Co., as lessee of the Brooklyn
The Brooklyn Heights
CityRR etc., has brought proceedings to compel the city
to offset against the special franchise taxes not only the
amounts paid on account of car license fees and percentage
of receipts, but the tental for cars run over the Brooklyn
Bridge, and for power bouse and terminal space on the
cial franchise taxes

R R

ing. -V. 80, p. 2899.

RR—See Chicago

Mason City & Port Ddd?e
ern Ry. above.— V. 80, p. 2899.

Great West-

latter's circular eays:

In case the option Is exercised it is the intention that the company
cash assets, which it is expected will net about $4
per share, to the holders of the preferred stock, thus making, in case
the option is exerolsed, a total payment of about $13 75.— Y. 80,
p. 1173.
shall distribute its

Mobile & Ohio RR.— Increase in Ditidind.— This company, of whose $6,070,600 capital stock $'),682,6C0 is owned
by the Southern Railway Co., announces a dividend of 4 p. c.
paid June 15. In 1904 aod 1903 2 p. c. was paid yearly and
in 1898 1 p.
V. 79, p. 2082.

c—

Montreal Bridge Co.— Change of Name.— The GovernorGeneral at Ottawa on June 7 signed the bill authorizing this
company to change its name to the Montreal Bridge & Terminal Co.— V. 80, p. 1368.
Montreal Bridge & Terminal Co.-Sse Montreal Bridge
Co. above.

,;

THE CHRONICLE.

2622
Nashrille (Tenn.j Railway

&

Light Co.— Ca/Zed.— The

[Vol.

the determination of the

ment on Jnlv

electric road

1.

—On May 1,

No.

2,

2%

paid on the preferred shares, discharging,

it

is

Dividend

1905, dividend

accumulated dividends.— V.

p,

c, was

stated, all

79, p. 37S6,

New Orleans Bailways Co.— /Sa^e— At the sale on Jnne 32
the company's security holdings were bid in for $10,(00,000
by the reorganization committee. The foreclosure sale of
the real estate is advertised for July 8.
Successor Company.— See New Orleans Railway
Light

&

CJo.

above.— V.

New

80, p. 2345, 3230.

Orleans Railway

&

pany,— This company, whicb

Light Co.—Eeorgar.izd Com-

to succeed to the property of
the New Orleans Railways Co. after the foreclosure sale is
confirmed, pet plan in V. 80, p. 323, 651, is publishing its charter under the Louisiana laws in the Necv Orleans papers (see
New Orleans "Picayune" of Jane 18).
is

ttt.

Fabllc Service Corporation, New Jersey—Proposed Fast
Route to iVisw>ar&.— President McCarter announces as follows

entire oatstandiog iasae of bonds of the subsidiary CnmberPower Co. ($887,000) has been called for payland Light

&

t.

is

company

to build a high-speed
City, to a connection it
supposed with the tunnels of the Hudson Companies for

New

from Newark to Jersey

York:

The road will be oonBtrueted and operated by a subsidiary corporation soon to be org anlz<)d, and will be built with the finest modem
electrical construction. There will be no grade crossings within the
limits of the city of Xewarh; it will be a sub surface road; the Passaic
River will be tunneled; it has not yet been determined whether to
tunnel or bridge the Haokensaok River. The route through Jersey
Olty will be in part elevated and In pert below the grade. The financing of this large project has been provided for. To secure the necessary terminal rights
New York Olty and to constrnct the road will,
of course, consume considerable time, but the work will be proceeded
with as rapidly as posalble. In connection with the terminal station
in Newark the company will erect a building for Its cfflBes.— V. 80, p.
2220, 1424.

m

Rapid Tran&it in New York Citf.— Aldermen's Suit— The
proceedings to test the validity of the Act of the last Legislature transferring the franchise powers of the Aldermen to
the Board of Estimate were begun on Jnne 14 in the Supreme
New York Central & Hadsnn River RR.—AppUeatitn to Court throush a taxpayer's suit broaght in the name of
List.— The New York Stock Exchange has been requested to Clement H. Wilcox. This suit seeks to prevent the Mayor
and the Board of Estimate from "considering or taking any
list $8,000,COO additional SJ^ p. c. mortgage bonds of 1997,
action whatsoever" on the plans for the new subways which
making the total li&ted $85,0jn.000.
18 Hour Train to Chicago VFtt/i';rawn.— Following the ac- were sent to the board by the Rapid Transit Commission for
cident to the 20th Century Limited at Mentor, O., on Wed- approval.
A restraining order was granted by Justice
nesday night, when 19 persons were killed, it was announced Blanchard on June 16. The case, it is said, will be carried
on June 22 that the 18-hour schedule betwepu New York and by the Aldermen to the court of last resort if necessary.
The Aldermen on Jnne 6, by a vote of 43 to 17, adopted a
Chicago had been abandoned.— V. 80, p. 2453, 1729.
resolution
to the effect that the aforesaid Act of the LegislaNew York New Haven & Hartford kU.—Diviiend en
Stock Oiined. —See New York Ontario
Western Ry. below. ture made it impossible for them to take action on matters
emanating from the Rapid Transit Commission until a deci-V. 80, p. 2458, 1971.
sion can be reached in the suit now pending.— V. 80, p. 3845,
New York Onlario & Western Rj.— Dividend.— A dividend
of 1)4 per cent on the common stock haa been declared, pay
Reading Company.— Common Stock Dividend Increased.
able July 81, to stockholders of record July 21, out of earnThe directors on Wednesday declared a dividend of 2 p. c.
ings for the year ending Jnne 30. The estimated gross earn- on the $70,000,000 common stock. The first dividend, 1^4 p.c,
ings for the year are about $7,000,000, and the eurolus over was paid on Feb. 1, 1905. The Baltimare
Ohio and Lake
charges 1 1,800,000, leaving, after payment of the dividend, Shore
Michigan Southern each owns, it is supposed,
calling for $871 ,770, about $400,000 balance for the year. A $10,002,500 of the common shares. See Lake Shore in V, 80,
first dividend of 3 per cprit on the stock was paid in Jacuwy
p. 1853.- V. 80, p. 1729, 118.
last under the plan (V. 79, p. 1382) for terminating the
St. Lonis Iron Monntiiin and Sontiicrn Rj.—New Car
voting trust.— V. 80, p. 2345, 1863.
Trutits.—See "Iron Mountain Car Trust" under "IndusNew York & Long Island Traction Co.— Ue-SoZd.— Con- trials," below —V. 80, p. 2459, 473.
tracts were signed on June 20 by August Belmont, President
Sonthern Ry.— Increase in Other Income. Sse Mobile
of the laterborough Rapid Transit Co., and Ralph Peters, Ohio RR. above.— V. 80, p. 1054, 473.
President of the Long Inland RR., by which these corporaTexas Central Ry.— /wcreased Dividend.— The directors
tions jointly purchased the New York & Long Island Trachave declared an annual dividend of 5 p, o. on the common
tiod Company for about $1,500,000. The Interborough interstock, payable Jnly 15 to holders of record July 5, contrastests have for some time past controlled the New York &
ing with 2% p. c. annually for 19D1-1904, both inclusive. —V,
Qaeens County Railway Co., which owns the trolley roads
p. 469.
in and abont Long Island City. The new officers and direc- 80,
Toledo
St. LottJs & Western RR.— iVew O^eer.— Charles E,
tors of the New York & Long Island Traction Co. are:
Spencer
has
been elected Secretary and Treasurer, with office
oncers— President, ArthnrTurnball, President of the New York &
Qaeens County RR.; Secretary, Fraak E Haflf; Treasurer, Jordan J. at 60 Wall Street, New York, succeeding J. H. Seaman, rebolllns; General Manager, F. L Failer.
signed. V. 80, p. 2459.
Directors.— August Belmont, Ralph Peters, E. P. Bryan, Vice-PresiTonopali RR.—Calkd Bonds.— Ot the first mortgage bonds
dent of the tnterborough; David O. Green, Assistant Secretary of the
Long Island; Oen. James Joardan, a director of the Interborough; A. of 1904 thirty-three ($33,000) have been called for payment
L. Langdon, Trattio Manager for the Long Island RR.; Alfred Sbltt, at the Land Title
& Trust Co., Philadelphia, on July 1 at par
Manager of the Interborongh's elevated llne«; O L. Addison, Oenerai
and intereet.-V. 80, p. 164
Superintendent of the Long Island, and Arthur Tarnbnll.
Trinity & Brazos Yalley RR.— Secwities Approv.d.—A
See p. 2580 of Stbeet Railway Section issued to-day.
press dispatch from Austin, states that the Texas Railroad
Also V. 80, p. 2458, 2345.
Commis'^ion has approved the issue of $150,000 stock and
Norfolk & Sonthera h.R.—New Officera.—G. W. Van Voor$1,580,000 bonds on 79 miles of completed road, being $2,000
his has been elected Treasurer and A. H. Larkin, Secretary,
in stock and $30,009 in bonds per mile.
The control of the
both with offices at 54 Wall Street, New York.— V. 80, p.
road recently passed to the Colorado Southern, and the above
2345, 1112.
securities will presumably be deposited under that company's
Flilladelphia & Erie RR.- Dividend Increased.— A, semi- new bond iesue. The Southern, it is said, will take over the
annual dividend has been declared on the common stock, management on July 1.— V. 80, p. 1480, 173.
payable June 80 to holders of record Jane 23. This increases
United Railways Co. of St. Lonis.- 0#er to Purchase
the annual dividend rate on the common shares from 4 p. c.
as for the past three years, to 6 p. c.
Of the outstanding Common Stock.— F. P. Smithers «fc Co, give notice to the
common stock ($7,985,000) the Pennsylvania RR. Co. on holders of voting trust certificates representing common
Dec. 31, 1904, owned $3,499,800, the increase in the annual stock that they will pay therefor $32 50 per share on presenrate adding about $70,000 yearly to the income of that com- tation, endorsed in blank, at their office. 44 Exchange Place,
New York, on or before July 22. The offer is made under the
pany.— V. 80, p. 1476, 718.
of an agreement with Brown Bros. & Co., as managers
terms
Pbilippine Railways.- GoverMmeni Invites Bids for Construction — A prospectus was issued at Waehington, D. C, on of the syndicate, formed for the purchase cf certain bonds of
June 11, by Secretary of War Taft, throngh the Bureau of the St. Louis Transit Co. and bonds and stocks of the United
Insular Affairs, asking for bids for the conscructlon of about Railways Co., who sold to Smithers & Co. certain of the
offer the
1,283 miles of railway in the Philippines, viz.: In Lazon, 833 above certificates, stipulating that the latter should
Hame
price
to
all
other
holders
of
voting
trust
certificates.—
miles; Panay, 100 miles; Negros, 100 miles; Cebu, 95 milef
V. 80, p. 2231, 1780.
Leyte, 65 miles, and Sam^r, 50 miles.
United Railways & Electric Co., Baltimore.— S'aZe of
The bids must be In the hands of the Philippine Government at
Manila or at the office of the Bureau of Insular Affairs at 9 a. m., Eqwpment 5s.— The company has awarded to Baker, Watts
Nov. 1, 190^. The Cooper Act, paBsed by Congress on Feb. 6, em- & Co. and Hambleton & Co,, both of Baltimore, $1,000,0C0 of
powers the Philippine Oommieelon to guarantee not more than 4 p. o.
lO-year 5 p. c. car trust certificates to cover the cost of 40
yjterest on the bondB of the oonoesfilonalres for a period not to exieed
SOyeara. The roarta are to be exempt from all taxation and In lieu blgh-epeed cars and 160 medium-speed cars, which are to be
luereof the Philippine Government shall be paid an amount equal to delivered during the fall.— V. 80, p. 2346, 1725.
i« of
he gross earnings for 30 years, 1»« p. o. for 5o years
1 p. 0. of
thereaJter, and snbstquently the amount shall be flxed by the Philip
Yirgiuia Passenger &, Power Co., Ricnmond, Ya.— Decipine Go\ernment.
sion. —The Supreme Court of Virginia on June 15 reversed
Port Angeles Faciflc RR.ceivership.- Judge Hatch the decision of Judge Mullen of the Circuit Court of Petersof the Saperior Court at Port Angeles, Wash., on Jnne 5 ap- burg, appointing a receiver on the application of George E.
pointed W. F. Dtlabarre, Vice-President of the Citizens' Na
Fisher. This leaves the property in the hands of the receivtlonal Bank of Port Angeles, as receiver for the property of ers appointed by the United States Court.
Compare V. 79,
this projected road, upon the application of President
2087,
682;
V.
713.
p.
80,
p.
M. P,
Backus, of the Washington National Bank of Ssattle. The
Western Pacific Rj.— New Mortgage. —The shareholders
^^ corporatlonp, the Smith- Mastlok Coastractlou Co. and on June 23 ratified the new $50,000,000 mortgage which Is to
u
the Elmlra Logging Co., were placed in the hands of
replace the existing first mortgage (now to be canceled); also
C. J.
Farmer of Port Angeles as lecelver more than a year ago. traffic contracts with the Denver & Rio Grande and Rio
See V. 78, p. 1908.
Grande Western, which companies agree jointly and severally

&

—

&

&

—

I

R

&

B

June

:

THE CHRONICLE.

24, 1905.]

now

2623

believed hv

many

to virtually control the property."

meet any defioiency in the earnings to provide for interest
on the W. P. bonds. This guaranty is, we are informed, absolnte, and not contingent on any traffis gnaranty.
New President.— mvT&Td T. Jeflfery, President of the Dinver & Rio Grande, has been elected President, succeeding
W. J. Barnett, who will be Vice-President and G meral
Counsel. The following are also announced:

is

OtBoera—JeBse White of New York. Vice-President; Virgil O. Bo^ae,
VloH-PreBldent and Ghlef Eofdneet; J. Dalzell Brown of San Fr»neUoo,
Tr«a8arer; 8. M. Bradbarg, Secretary.
N<«w Directors— J. F. Valle and A. H. Calef of the Mlssonrl Paolflo;
F W. M. Oatcbeon of New York; Warren OIney, H. Yard and W. J.

See Columbus, Qa,. V. 80,
ment.—V. 79, p. 2590.

to

Sbotwell.

Executive Committee—President E. T. Jeffery, W. J. Bartnett, J. F.
and Jesse White.
Netc Stock.— The shareholders will vote Aug. 23 on increasing the limit of capital stock issue from |50,000,000 to $76,CCOMO.—V. 80, p. 2221, 1780.
Valle, A. H. Calef

V.

—

80, p. 1481, 1287.

Colnmbia (S. C.) Water Power Co.— Conscliditim.— See
Columbia Electric Street Railway, Light & Power Co. under
'

Rillroads" above,

Columbus

(G*i.)

Water Works Co.— Bondholdere? Suit.—
p. 985, State and City Depart-

Commonwealth Electric Co., Cbleago.- B jnd Sale —Tho
company has sold an additional $1,OOO.COO bonds to N. W.
Harris & Co., the Merchants' Loan & Trust Co. of Chicago
and Ruasell, Brewster

& Co.,

jointly.— V. 80,

p. 1970, 224.

Concord (N. H.) Electric Co.—Nto Preferred Stock.—This
company, most of whose stock was recently acquired by
new interests, including several New Haven men, has
authorized an increase of $50,000 in its preferred capital
stock to provide for increasing the water-power plant at
Sewell Falls by about 1,800 horse power. Of the $350,000
INDUSTBIAL. OAS AND MISCELLANEOUS.
5 p. c. bonds. $300,000 are outstanding, due July 1. 1931, subAmerican Fnenmatie Service Co.— Sale of 5oni«.—The ject to call at company's option after July, 1906, at 1073^.
company has sold to Hayden, Strong & Co. and Geo. A. -'The company has no other indebtedness." Stock authorFernald & Co. $600,000 of the first mortgage collateral trust ized: Common, $300,000, all outstanding; preferred 6
p. c,
slnhing fund 25-year gold bonds, with an option to purchase,
$150,000; outstanding, $100,000; par of shares, $100. Presifrom time to time, additional bonds as the necessities of the dent, Allen H^llie; Vic«-Pres., F. P. Royce; Treas., A. B.
company may demand. The proceeds of the present issue Tenney. See V. 77, p. 300.
will be used to pay floating debt. The first mortgage is for
Consolidated Indiana Coal Co.— Subsidiary of C. R. I. <&
$5,CO0,OCO, but only $1,000,090 has been authorized by the
P. Ry.— Status.— Tonohing the recent sals of $2,503,000 of
dirfctors.
JReport.— Results for years 1904 and 1903 compare as follows: this company's first mortgage 30-year sinking fuod 5 pc.
Earnings.
Expenses.
Dividends. Bal Surp. gold bonds of an authorized issue of $4,000,000, Robert MaTear—
1904
$312,166
$276,824 ther, Chairman of the Execulve Committee of the Chicago
f35,342
1903
299,381
29,481
269,900 Rock Island & Pacific Ry. Co., under date of June 18, says:
,

1902

285,111

Bonds outstanding Dec.

28,242

61,156

31, 1901, $38,000;

195,713

accounts payable'

$529,568.— V. 80, p. 999.
American Steel Foundries.— ok d hme.—lt is currently
reported that the management contemplates the making of
an issue of bonds or notes, and the directors at their
meeting on June 28, it is thought, will take definite steps regarding the same. No action has yet been taken on the payment of dividends on the preferred stock, which were sus-

pended in August, 1904.— V. 80, p. 653, 602.
Bell Telephone Co. of Philadelphia.— Option

to Fubflcnbc,— Stockholders of record July 5 will be entitled to
subscribe at par ($50) for $i,000,000 new stock in the proportion of one share for every 7 shares then held. The right
will expire Aug. 1.— V. 80, p. 2395, 878.
Boeton f oneolidated Copper & Gold Mining Co., Ltd.—
Co'verti^le Debenture Stock.— The shareholders in London
on June 16 anthorJz id an increase in the capital stock from
£50O,0OD to £325,000 by the creation of 125,000 new shares;
also in order to enable the American company to erect works,
etc., for the treatment of low-grade ores they approved the
issue of £350,000 of 6 p, c. debenture stock at par, redeemable
at the end of five years on six months' notice at 105 p. c, or
at the end of ten years at 110 p. o. The holders of the latter
will have the right to convert the same into shares at the
rate of £3 deb. stock for each £1 share; for this purpose the
creation of the new shares was necessary. The debentures
will be offered to the shareholders pro rata, the entire issue
having been underwritten. About three- fifths of the stock
The company will
is said to be held in t le United States.
build a railroad from the site of the proposed mill, at Pelican
Point on Utah Lake, some 34 miles to the company's mines

at

Bingham,—V.

79, p. 502.

The company, organized under the laws of Maine with a capital
stock of S4,C00.O0O, Is controlled by the Chicago Book Island & Pacific By. Co., whloh owns a large majority of thestock and nnoondl Ionally guarantees the Interest on said entire $2,500,000 bonds by
endorsement on each bond. The entire Issue, or any part thereof, Is
subject to redemption at 110 p. o. and Interest on any Interest date on
two months' notice. Sinking fund annually on or before June 1 of
each calendar year after 1905. a snm equal to 5 cents for every ton
of coal of 2,000 lbs. mined, to be sppllea to purchase of bonds at not
In excess of 110 and Interest, If obtainable; otherwise to drawings at
110 and Interest. Bonds so purchased or drawn are to be kept alive
and the accruing interest added to the slnKlng fund.
The mortgage Is limited to a total Issue of $4,000,000. whereof $1,500, OCO are held In the treasury, and will only be issued for new property acquired. The $2,500,000 bonds have been Issued for the purchase 01 real estate, mineral rights, appnrtenanoas, etc., of the following coal companies, all located in Sullivan County, Ind., and for the
additional parchase of about 6,000 acres of undeveloped coal lands in
Franklin County, 111., on all of which property the bond s are secured
by a first lien: North Jackson HUl Coal Mining Co.. T. O. Keller & Co.,
W. 8. Bogle Coal & Mining Co., Union Coal Co., Sullivan County Goal
Co., Harder & Hafer Coal Mining Co., Star City Mine; Harder & Hafer
(Hymera Coal Mining Co.), three mines. The company's coal acreage
In Indiana comprises: Owned In fee, Inoludlcg surface and mineral
rights, 1,350-26 acree; coal rights on 9,476'2H acres; total acreage,
10,8'26'62 acres; on which our engineer estimates the total amount of
coal in place to be 159,289,000 tons. There are 9 shafts In operation
and one additional shaft sunk but not yet equipped. The coal finds a
ready market In Chicago and Indianapolis at an average price of
about $ i 05 per ton; average cost of production for 19o3 estimated
at 8 2 cents per ton, operating less than one-half time. Under the new
conditions, assuring the necessary faoilitlee for marketlDK the product, the cost should not exceed 75c. per ton. It is estimated that the
total output, whloh has been averaging about^ 6.000 tons per day, can
shortly be increased to a dally oucpu'; of abou'; 10.000 tone.
Based upon the records of the several companies, when operated
Independently and with such economical management as the consolidation assures, the earnings are est imated as followe: Annual output,
1,250,000 tone; receipts from sales ($105 per ton), $1.h12,500; cost
of production (80c. per ton), $1,00 0,000; net earnings, $312, £0i). Desinking fund payment. $62,500;
duct Interest on bonds, $125,000
excess over fixed charges, $125,0) 0. With an increase In the output
to 10,000 tons dally for 200 working days per annum, the receipts
from sales, estimated at $1 05 per ton, would be $2,100,000; cost of
production (SOc. per tonj, $1,600,000; net earnings, $500,000; deduot
Interest on bonds, $125,000; sinking fund payment, $100,000; excess
over fixed charges, $275,OCO.
;

Boston Consolidated Gas Co.— Rcdictim in the Priaof
This company, controlled by the Massachusetts Qbis
Companies, announces by advertisement, signed by its PresiThese bonds are offered by Speyer & Co. in this city and
dent, Jam^s L, Richards, that the consolidation referred to
last week went into effect on June 15 and that on July 1, by A. G-. Edwards & Sons, as their agents, in St. Louis.— V.
Oas,

—

1905, the price of gas will be reduced to 95 cents per 1,000
cubic feet and on Jan. 1, 1906, to 93 cents.
Capitol S^ocfc.— Notice has been filed that the capital stock,
amounting to $15,124,600 (see V. 80, p. 1974), has been paid
in in cash, and the entire proceeds invested in the acquisition
oi the constituent companies.— V. 85, p. 2460.
Brooklyn Borongh Gas Co.-Njw Bend Issue.— The management, by circular, announces a plan to issue $1,0C0,00 of
general mortgage 5 p. c. 40 year bonds, dated June 1, 1905, of
which $500,C03 will be reserved to retire $500,000 bonds outstanding, and the remainder will be used to pay fljating debt
and provide for future extensions and additions. Last year
$76,011, it is stated, was spent on extraordinary improvements.— V. 73, p. 618.
Central Heating Co lletroit —Mortgage.— Thia company
early in the year filed a first mortgage wifh the Ba'^kers'
Trust Co. of New York as trustee to secure |1,000,OCO 5 p. c.
gold bonds of $1,000 each.
)

,

These bonds, of whloh the present lesue Is $300,000, are date.1 Dao.
1904, and are due Dao. 1, 1923, bat ara eubjeot to call In any
amonnts at par and Interest on any interest dav at the company's
option. Interest ia payable June 1 and Dao. 1. The company Is Hald
to have laid 17,136 ft. of steam pipe main an.1 9,300 ft. of surfuoe conBeotlOD, and to have 1,600 feet of tunnel of abont 6 ft. by 4»« ft. under
the down-town district of the city. President, Franklin A. Plummer.
Chfeago Paenmatlc Tool Co.— i2epor« aa to Control.— The
Chicago "Ejonomiet" says: "It is reported that Charles
Schwab has acquired the ehare holdings of Joseph Bayer.
Mr. Sjhwab had previously been credited with owning 40 to
45 p. c. of the compiny'd stock, and with uis recent addition
1,

M

80, p. 2401.

Continental Paper Bag Co.— Dividend.— Thia company,
by the International Paper Co., has declared a
first quarterly dividend of 1 p. c. on its $1,000,000 common
stock, payable June 30 to holders of record June 25. Dividends at the rate of 6 p. c. a year have for five years been
paid on the preferred stock, of which $1,500,000 is now outstanding. See V. 69, p. 908; V. 73, p 786
Corn Products Co.— Diviiend Omt<<ed,—The directors on
Tnesflay decided to pay no dividend at present on the |27,38'J,70) 7 p. c. cumulative preferred stock.
From July, 1902,
to Jan., 1903, dividends were paid on this stock at the full
controlled

c. per annum.
The quarterly disribution in
April last was only 1 p. c, The common shares from May,
1903. to February, 1904, received 4 p. c pt^r annum, but
nothing since. The statement issued by the directors eays :

rate of 7 p,

After careful consideration of the trade conditions confrortlng the
It lEadvlsable to pay any
dividend on its capital stock for ihe current quarter at the present
time, and they submit the following re^eon for such action
Al; present the productive capacity rf all f.-ctories in the United
States is more than eufllolent to supply the demand, foreign and dome»>tlc; such demand having also oeen somewhat restricted by the
uniform high price of corn. A etrugtle between the Cf mpetltlve compani»8 ha^ resulted, from ihci-e market coEditlons, which has reduced
prices and materially lessened earnings
Under these clrcumstaBcee the directors have given the question
of paying dividends Berloua consideration. The earnings of the suborolnate c( nipanies lor the present q-iartfr have been snfilolent to
pay a dividend upon the preferred stock fqial to that paid for the
last quarter, which was 1 p. c, but the directors thought, under existing conditions, It waa unwise to pay any dividend for the present,

company, the directors have conplderto

THE CHRONICLE.

2624

and that It was better to ase the moneys on hand to open Its Idle faotorles, and by Increasing prodaotlon reduce the cost of Its products.
All of the subordinate oompanlen are In healthy physical and fltianThey have no floating debt, and estimating their
olal condition.
quick assets at actual cost, they have cash and quick assets amount
Ing to about $3,000,000. It has been the policy of the management
not to borrow morey for working capital or to Impair such capital by
the payment of dividends, and a rigid adherence to that policy under
existing trade conditions
company's stockholders.

rvoi,. t.xxx.

stock, to be paid for at a price only commensurate with its
dividends."
copy of the renort, which is said to be a preliminary one, has been cill'^d for by District-Attorney
Jerome. Attorney-General Julius M. Mayer also propcs38
to bring suit to recover for the Society any diverted profits.
—V. 80, p. 2461, 2401.

A

believed to be in the best interest of the

Is

Green Bay (Wis.) Gas & Electric Co.— Bonds Offered,—
Macdonald, McCoy & Co., Chicago, are offering in another
column at 101 and interest $240,000 first and refunding mortgage 5 p. c. gold bonds, dated May 1, 1905, due M»y 1, 1935.
For example, These bonds are subject to call at company's option at 105
7, and the reduction effected will equal about 40 p. o.
the Cincinnati mill, with a oapaciry of only 2,000 bushels of corn per and interest from May 1, 1910, to Nov. 1, 1924, and at par
day, is to be leased out; the business of that section was some time and interest on and
after May 1, 1925, on any interest payago turned over to the Indianapolis plant, which is being enlarged for
Interest payable May 1 and Nov. 1 at the office
the purpose of handling the trade. The same metbod is being applied ment date.
to the Nebraska City plant which has been closed down for months.
of trustee. Wisconsin Trust & Security Co., Milwaukee,
The policy is to get rid of the small plant capacity. The Chicago Wis. Denomination, |1,000. A circular says:
rebuilt
modernized since it was
will
one
Concentration.— The " Chicago Economist" says:
The company Is working out a eoheme for concentrating its plant
capacity, so that its principal plants will not number more than 6 or

and
destroyed by flre,
be
manufacturing and distributing points of the company.
Officials deny there is serious friction between it and the New York
Glnoose Co. of which it owns 49 p. o. of the capital stock.
The management has also, it is said, decided to rebuild the
plant at Oawego, N. Y., destroyed by fire last February, increaeing the capacity, it is stated, to about 6,000 bushels of
corn a day.
Stockhcl J ings.— The " Chicago Inter-Ocean" states that at
the time of the recent annual meeting E. A, Matthiessen, a
brother of President C. H. Matthieesen, and William Ziegler,
both of whom died a short time ago, held respectively $1,
410,000 and $1,569,000 preferred and $370,000 and $30,000 common, v^hile President Matthiessen himself held $370,000 preferred and $2,000 000 common.
Payment vf Notes. The company Is reported to have paid
$50,001) of its outstanding notes, reducing the amount of
these notes from $400,000 to $350,000. Daring the past fiscal
year $100,000 of these notes were redeemed, so that a total of
$150,000 has been canceled since February, 1904.—V. 80, p.
mill,

of the largest

—

1853, 1865.

Capital stock $750,000 [of which $150,000 is 6 p. o. cumulative preferred-ED.]; bonds authorized, $750,000; in hands of trustee to retire
first mortgage, $100,000; in hands of trustee for the acquieltlon ot
additional property or for future betterments or extensions on the
basis of 90 p. o. of the actual cost. $410,000; outstanding, $240,000.
The first mortgage was $175,000, but the company will purchase and
cancel about $75,000, leaving about $100,000 outstanding. Earnings
lor the year ending March 31, 1905: Gross. $86,427; net, $34,571; interest charge, $17,000. The company controls, without
competition, all the gas and electric lighting business In the fclty of
Green Bay and vicinity, serving a population of about 23,000 and
operating under franchises free from burdensome restrlctlona. The
gas franchise was granted (or a period of fifty years and runs nntil
1915. The electric light, heat and power franchise Is perpetual. The
sinking fund provides for the payment and oanoellatlon, beginning In
1910, of $300,000 of these bonds before their maturity.

The company was incorporated recently in Wisconsin as
Power Co which see
successor of the Green Bay Light
below. Wm. Mainland and Sinclair Mainland are, respectively, President and Vice-President of the new corporation.

&

,

—

Green Bay Light & Power Co. ->8' accessor, This company
was incorporated in 1899 with $150,000 each of authorizad

preferred and common stock; also an lesue of $175,030 first
Cuyahoga Telephone Co., Cleveland.— Sc^nds Offered -The mortgage 58, due 1919, interest payable Jan, 1 and July 1 at
H. R. Ashbrook Co. and Secor & Bell, both of Toledo, offered First National Bank, Milwaukee. The property has recently
been purchased by the Green Bay Gas & Electric Co., which
this week $500,030 of the first mortgage gold 53, dated Jan.
see above.
1, 1899, and due Jan. 1, 1919, at 86 and Interest, 20 p. c. in
stock being given as bonus.
Company's telephone subflarrlsbarg (111.) Water, Light & Power Co,— Riceiverscribers in Cleveland and Cuyahoga County, O,, it is said, fi/iip.— At Harrlsburg, III., on Jnn*» 16, Juha W. Shaw was
now number over 18,0D0, and are Increasing at the rate of appointed receiver by Judge W. N. Butler, upon application
over 600 net monthly.— V. 80, p. 714, 166.
of the American Trust & Savings Bank of Chicago, the mortDallas (Tex.l Gas Co.— Mortgage,— This company has exe- gage trustee, interest, etc., payments being in default. Sae

cuted to the Lincoln Trust Co., trustee, of New York, a
mortgage dated June 18tb, 1905, to secure an issue of $1,000,000 first mortgage 5 p. c. gold bonds, due May 1st, 1925, interest due May and November, both principal and interest
payable in New York. Bonds are of the denomination ot
$1,000 each, and are subject to call at 105 and Interest at
interest-payment periods upon twelve weeks' notice; $600,000
of these bonds are to be iesued at once, the remaining $400,000 to be held for future requirements. The company owns
the only gas property in the city of Dallas, and this mortgage covers all the property, rights and franchises of the

V. 75,

company,

and leading stock and bondholders, proposes

Officers.— J. E, Schneider, President; E. O. Tenlson
H. A. Kahler, Vice-Presidents; W. G. Breg, Secretary
Treasurer.- V. 80, p. 2460.

and
and

Delaware Investment Co.— Called Bondi. —TMb company
has called for redemption on July 1 at the Metropolitan
Trust Co., New York, 76 of its 5 p. c, collateral trust gold
bonds of 1902. The bonds called range from No. 21 to 1528.

— V.79, p. 105.

Delaware Securities Co.—Call:d Bonis.—This company
has called for redemption on July 1, 1905, 124 of its 5 p. c.
collateral trust gold bonds, payment to be made at the Matropolitan Trust Co., New York.— V. 79, p. 105.
Delaware Water ImproTement Co., New Castle, Del.—
Mortgage,— A. mortgage has been made to the Berks County
Trust Co. of Reading, Pa covering the new plant now under
construction and the 25-year franchise, to secure an issue of
1125.000 of first mortgage 25-year bonds, 6u^ j ?ct to call after
6 years. The franchise is described as exclusive for water
and light.
Edison P< rtland Cement Co.— New Sloak.— This company
,

filed in New Jersey certificates increasing its authorizad
issue of capital stock from $11,000,000 to $12,000,000, the increase to be common stock.— V. 78, p. 1277.

has

Equitable Life Assurance SaeletY.— Resignations,— The
resignations of the President and Vice-President have been
accepted. Au.^ust Btlmont has sent in his resignation from
the board.

p. 80, 32.

—

Receivership
Horseshoe Mining Co.
PI m.— At Daadwood, S. D on June 2, R.

— Reorgarazaii
N

n

Ogden was

appointed receiver of the property, the interest on the $600, COO
of 6 p.c bonds being in default. The new 120-stamp mill was
recently destroyed by fire, and the insurance (over $250,000)
being payable to the trustee of the mortgage, the company
committee consisting of
is not in a position to rebuild.
Binns, all of PittsMark W, Watson, E B. Alsop and R.
burgh, Pa., and W. L. McLaughlin, of Deadwood, acting in
concert with the Milwaukee Trust Co. (the mortgage trustee)
,

A

The organization

of

anew company

H

:

(after foreclosure sale)

which

shall issue $750,000 common ttock, $750,000 preferred stock and
$300,000 of new 20-year 6 p. c. first mortgage bonds. Depositors of
the present bonds will receive bonds of the new company to the
amount of one half the principal and preferred stock for the remaining one-half of the principal. Depositors of stock will receive one
share (par $1) of the new preferred stock for each $10 of the

present preferred stock ($3,000,000). The $750,000 common stock
will be used to retire the outstanding common stock and meet reorganization expeoses. If this agreement is consummated, the bonds
held by Pittsburgh, Pa., banks and trust companies as collateral for
$200,000 of Horseshoe notes may be sold and bid infer the committee,
the obligations satiefled, and the securities exchanged under the plan.
The stockholders advances, $26,405, will be paid in preferred stock.

B

Hjle Steel Tool Co.— inkrupfcy Proctdinjs.—A petition in involuntary bankruptcy was recently filed by the
Syracuse creditors.- V. 76, p. 755.
International Paper Co.— Dividend on Stock Oicned.See
Continental Paper Bag Co. below.— V. 80, p. 1483, 1482.

Iron Mountain Car Trnat (Association) —iVet« Stock,—
This association, which was organized July 6, 1880, as the
equipment trust auxiliary of the St. Louis Iron Mt. & Southern Ry. Co., has called a meeting of its ehareholders for
June 26 to authorize an increase of the limit of the capital
stock isEuafrom $8,000,000 to $10,000,000, and also to authorize
the board of managers to make from time to such further increases in the capital stock as may be deemed advisable. The
stock certificates (the company's only outstanding securities)
are issued In shares of $1,000 each and constitute the car
trusts of the St. Louis Iron Mountain & Southern system
(V. 78, p. 229).

Examination by Expert Accountants,— Ch&ir man Paul
Kansas City Home Telephone Co.—Fir.'it Dividend.— The
Morton has requested the public accountants, Prico, Water- directors have declared a quarterly dividend of 1}4 p. c.,
house & Co. and Hat-kins & Sellf, to make jointly a thorongh payable July 15.— V. 80, p. 2347, 1974.
exaniination of the Society's accounts, investments, methods
Lan»ton Monotype Co.— Large Order,— A. press dispatch
of accounting and the respects in which these methods may
from Washington, D. C, states that the Government Printbe improvefl; also the relations of the Society with other in
stitutlons

through stock ownership.
daily papers of June 20.)

Ntw York

(See request in full iu

Report (jf Svperintei d<nt i7end»f."A;».— State Superintendent
of Insurance Francis II«ndrlcks on Wednesday made public
tne report of his invest igatlon into the company 'en ffalrs. The
report, which will \e found at length in
York news
papers of June 22, criticizes the management and recom-

New

mends "complete mntuallzation and the elimination

of the

ing Office has ordered the inetallation of 72 additional Langton Monotype type-aetting machines at a cost of about $J50,000, making the Government's total equipment 100 Lauston
Monotypes and 46 Linotypes.
Repo't.—Soe page 2619 of this issue.-V. 78, p. 2602.

& Moore, Incorporated.— /Jicorporathere were consolidated with tills title
New Jersey, the well-known firm of Man-

Mannlnur, Maxwell

tion.—Oa May
under the laws

31
of

—
June

24, 1905.

i

THE CHRONICLE.

ning, Maxwell «& Moore and Its alliad manufacturing com
panie8 whose prop'irtles are now owned in fee, viz.:
Shaw Electric Crane Co., -with works at M iskegon, Mich.; Ashoroft
Manufacturing Co., established In 1851, with works at Bridgeport
Ooan the larjrest manufacturers of steam gauees in the world; OonsolldatBd Sdfeiy Vaive Co., also located at BrldKeport, Conn; Han,

cock Inspirator Co., located at Boston, lis business establlshf^d in
1876, Including the manufacture of Hancock inspirators for all forms
of eUiilne boilers, as wen as cross valves, locomotive trimmings,
etc
Hayden & Derby Manufacturing Co., established In 18SS, havlug
a
factory In Boston for the manufacture of ''Metropolitan" Inl motors, of
which there are 150,000 in use.
The capital stock is $5,000,000, alloommonand all piid up;
parof shares, $100. No bonds, old or new, The directors
•

{and

ofiB.;ers) art"
Charles A. Moore. Presl lent; John N. Derby, vice President; MirtlnLnscomh. Vice-President; 8tet>hen B. AUer. Vice-President; Colbv
M. Chester J.-., Treasurer; Charles Arthur Moore J.., Sdcret.ry; J.
Ko«ersM»xwell,Eimund O. Converse, A fred Brotherhood, Robert
A. Bole. John G. Emery .Tr., James B Brady, P. M. Brotherhood and
A. J. Babonck. HomH offl ^f. 8S, 87 and 89 Liberty Street, New Y >rli;
branch Pffioes in Boston, Philadelphia, Chicago, Olevelaud, Pittsburgh
"
ana et. Louis.

Compare "Iron Age" for Jan. 18, 1905, p. 193.
Marsden Co.— Aew Pirfi«jdi«f.- Vice-President A. G. Win-

2025

their stock for the stock of the Phoenix Securities Co, before
1, 1905, will be deprived of the advantages of the new
plan. The "Wall Street Summarj" saye:
The original capital of the cojiblued oompan es was $2S,000 000.
whl h was authorlz 3d under the belief that the De Lamar
mine and
saeter WAS to b 1ncluded, buc De Lamar having sold his property
and repudiated hi* agreemeat with tha Mc. Siias a company, on
which he hid bean p^ld $3,000,000 la stook aud a considerable
amount In cash, and as tuis outran Is In litigation which
may not
Ortdrcldedfosomjtlme, i: w*8 decided to reduce ttie
through the Puoenlx Seoariiies Co. to $i 500,000, a-id oapltallzitlon
to provide a
ofl obligations and to furnish money for tha resumption
of

Jaly

1

Id

''"i

T^

Sorento Coal Co., Chicago, III.— Call d Bondt.— Ten of
company's bonds, drawn by lot, viz.: Nos. 95, 101, 111.
119, 124, 129, 131, 140, 143, 145 are pnyable on July 1, 19 j5. at
cbe Commonwealth Trust Cj., St, L juIs. Mo.
E den J. Casthis

soddy

is

Secretary of the cjmpany;

office,

Chicago, Iii.—V.

79, p. 601.

Southern States Lnmber Co.— Called Bon s.— Thirty-fl^e
mortgage bonds are payable at|l,')25 per bond, with
accrued interest, at the Kolckerbocki^r Trust Co., No. 66
Broadway, on July 1, 1906.— V. 8U, p. 119.
first

been elected President, sncceedinpr E G Baokner,
Standard Sanitary Maunfactariiig Co.— Called Bo .dj.—
has been elected Vice-President and Treasurer of the
company. Mr. Bnckner last May was elected President of Forty-eight ($18,0 JO) deoeiitur< bonds hsve been called for
redemption at the Kaickar booker Trust Co., New York on
the Internatlonil Smokeless Powder & Chemical Co.
July
1. 1905, at 105 and interest.
Opti,n Asktd.-Vf, ^V. Gibbs, Philadelphia, is asking the
Compare V. 78, p. 824. -^V.
stockholders fur an option on 25 p. c. of their holdings until 80, p. 603.
Sept. 1, 19C5, at |4 per share, with a view to bringing, "about
Toledo Home Telephone Co First Livtd-.nd —The com
a price much nearer the intiiueic value of the stock as a pany haa declared a first
(q uarterly) divideno ot 1 p. c, pay
iwhole."— V. 80, p. 1066.
ablH> on July 10, to stockhulders of record
July 1
Massachusetts Was Companies.— See Boston Consolidated
Votiag Trust.— A voting trust, which will control 70
p. c.
of tnc stock, has been organized, and will continue
Co. above.— V. 80, p. 2462, 1974,
in existJNoiitreal & Boston Consolidated Mining & Smelting Co. ence until July 1, 1910, unless previously terminated on vote
organiiafion.— President Warner Miller announces by of 90 p. c. The trustees are
James 8. Brailey Jr., T. H. Tracy, Clarence Brown, D. O. Shaw, M
advertisement the completion of the sale of the property to the
V.
Dominion Copper Co., Limited, "mada necessary by the past Barbour, W. F. Robinson, J. K. Secor, A. H. Bausr and H. O Stifel.
A. H. Bauer acd H. C. Stifel of St. Louis, Mo., were elected
due obligations of the company, at present amounting to upwards of 1320,000, and the Immediate cash requirements for directors to fill two vaoauoies on the board.— V. 8j, p. 2348
betterments and improvements." As both corporations are
organized under the laws of Ontario, the sale has been efUnion Bag & Paper Co.—Bond Itaue Authortzed.—f^e
fected and the stock of the purchasing company has been preferred shareholders
on June 20 duly approved the proooissued. The advertisement further says:
authorize an issue of $5,000,000 5 per cent bonds, of
''*u?1*^
Parauant to the agreement of sale there is now deposited with the which $3,000,000 will be issuei
at once to acquire timber
National Trust Co., Limited, of Toronto, Canada, 8,166,000 shares ot
lands, liquidate the fl jating debt aad increase
the stook of the Dominion Copper Co., Limited, out of a total of 3 200
working caoi000 shares of said stock outstanding, of which sufHolent has been cal. See official statement in V. 80, p. 2402,
reserved to be exchanged, share for share, tor the stook of the Montreal A Boston Consolidated Mining & Smelting Co. The agreement
^?"*7, Counties Power Co.—Bonda.— This company's
among other things, provides for an issue by the Dominion Copper u
bonds, $3,50 ».0u0 first 5s, have been listed on the San
FranCo. of $1,000,000 ot llrst mortgage six per cent tea-year gold bonds, of olscoStock
Excba .ge. Toe Ust of this issue was placed by
-which bonds $700,000 are to be isssned Immediately for the payment
Tne earnings for the year ending
of the past-due indebtedness of the company and Its immt^dlate re- ^•w ai H^isey & Co.
quirements for betterments. All of these bonds are offered for sub- Feb. 2S, 19U6, were: Gross, $282,405; operating
expenses,
scription to the stockholders at 90 p. c. and interest; denomlnaions maintenance and taxes,
|44, 337; net earnings, $338,018; inof $1,000, $500 and $100 each
With each purchase of *100 terest
charges, |79,030; balance, |153,983.-\r, 76; p. 768.
par value of the bonds the subscriber will receive $200 in par value
of the stook of the Dominion Copper Co. The right to sabsorlbe for all
Williamsport (Pa.) Water Co.-Aouj Stock.-The stocksaid $700,000 bonds has b^en reserved to the stockholders. The enilrtj
bond issue has been underwritten Eaoa stockholder may subscribe
'°''' '° '""""^^ ''''''' ^'^'^^ ^^°°»
ter has

who

Qm
—B

:

-

for as many bonds as he may desire but no sabsorlptlon shall be received for less than one bond.

Certificates of stock for

exchange and subscription for bonds

must be received by the National Trust Co., Limited, ot
Toronto, Canada, not later than June 30, 1905. Subscriptions for bonds must be accompanied by a check for 60 p. cof the subscriptions, payable to the trust company, the balance to be paid upon call of the trust company. Copies of
the agreement of sale may be had at the ofla e of the com
pany, No. 30 Broad St., N w York aty, or the trust company
at Toronto.— V. 80, p. 1366, 2228.

|4^Sro"00tT$75O,SS0.*

—We

have received from the American Made Qjods Export Co., 17 State St., New York, Vol. 2, No.
1, of "American
Mdde GoJds." The book, in its revised form, appeals to
American manufasturers desirous of exploiting their goods
in foreign countries.
The publishers have made no charge
for placing American manufacturers under their
proper business classifijations, responsibility alone being considered
a
pre requisite for the listing of their names, and thev
are dis'^® ^^^^ abroad at their own expense. "American
« J^"^^
Made
Q^ds" is a book of some 4)0 pages, prlcri five dollars.
Ic is published in E jglish, French, German
and Spinish.

Montreal Light, Heat & Power Co.— Q/Ttjr of ExtenaiM
Declined.— TtiiB company's subsidiary, the Montreal Gas Ck).,
has notified the Montreal City Council that the directors have
—At the recent annual meeting of the later-State Sacurldecided to decline the oflfer of the city to extend the gas conties Company, 5 Nassau Street, this city,
tract.
Compare V. 80, p. 2224.— V. 80, p. 2401, 2456.
the following
National Portland Cement Co.—Sm*;.— Gaorge Barry, one directors were re-elected for the ensuing year: Alexander
of the bondholders, filed a bill in equity at Eiston, Pa., on McDonald, W. D. Stratton, Charles E. Levy, R, W. Jones
June 12, asking for the appointment of a receiver, and for an Jr., Edmund K. Stallo, Rjbert H. Sherwood, Henry E
in j auction to restrain the Northern Trust Cjmpany of Hatchlneoa, Bird M.Robinson, Daniel B.Ely, H^nry c'
Chicago and H. O. Edmundson, trustee for the bondholders, (jiuinby, I, H. Kempner. Arthur H. Jones, Sacretary and
who hold a mortgage of $l,5C0,000 on the premises, from dis- ireasurer, was also chosen a director. The company has had
ft
prosperous bond business the past winter and lately daposing of the property.— V, 75, p, 1305,
dared a five-percent dividend on its stock.
The bond
(J. E.) North Lamber Co, -Payment of Bjndi.— The comdepartment is under Daniel B. Ely's supervision.
pany gives notice that bonds Nos. 1 to 30, Inclusive, maturing
—Seekers for high-grade investment bonds are referred to
Jan. 1, 1906, will be redeemed at par and acscrued interest to
date, at the option of the holder, to the Missouri-Lincoln the extended list advertised, on the page facing reading matter, by T. A. Mclntyre & Cj.
Several well-known steam
Trust Co., the trustee, St. Louis, Mo.— V. 79, p. 1333,
railroad issues, and also a block of Clairton Steel
(U, S Steel
Phlladelpbi Steel & Iron Co.— 5'o'i—A 5 the foreclosure Corporation)
5 per cent gold bonds, are offared.
A lull desale on June 5 the property was bid in for the first mortgage
scription of the latter is given, together with a
copy of the
bondholders for |1(J0 above the amount of the first mortgages.
guaranty. H. C. Wright, in charge of tha firm's bond deAt Trenton, N. J on Jans 9, Judge Lannlag, on petition of Isaac J. partment,
gives personal attention to inquiries, and will
Greenwood and Prank L. Crocker (32 Nassau Street), both of New
furnish all needed details, circulars, etc., to
lork, and Charles HIckey or Brooklyn, adjudged the company bank
enable purrupt. Greenwood alleged that he was fraudulently Induced to buy
chasers to make a selection.
i

,

$10,000 of the bonds, which he avers are of small value on account of
underlying mjrtgage beads of $ J5,000. Of the authorized bond Issue
of 1902 ($ilOO,OOU), 852,000 is understood to h^ve been sold and sjme
amount used as collateral. Floating debt about $2 5,000. There Is no
reorganization plan and none is expected. Members of the firm that
placed the bondt (V. 78. p 552,) are reported to have retired to Can-

ada.— V. 8l», p. 1975, 1427.
Ftaoenlx Gjld Miaiag Co.—Tinte for DepoaiU Expires
June 3 J.— The Phoenix Securities Co., 82 W:ill St., notifies
the shareholders of this company and also of the Mc. Shasta
jld Mines Corporation that holders who fail to exchange

G

-Lawrence Barnum & Co., 27 Pine
new circular giving the facts

issued a

some

St.,

New

York, have

quite fully regarding

miscellaneous bond issues.
twelfth annual edition of the American Street Railway Investments has jast been published by the McGraw
Publishing Company.
--A. M. Kidder & Co. are offering a number of
guaranteed
railroad company stocks exempt from tax. The
list la on
fifteen

—The

page xlv.

THE CHRONICLE

2626

jep0rt$

Vol. lxxx.

nn& ^otnmznts.

THE NORTH AMERICAN COMPANY.
FIFTEENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING DECEMBER

31,

1904.

To the Stockholders of the North American Company:
On behalf of the Board of Directors, I submit the following
report of the affairs of the Company for the fiscal year ending
December 31, 1904, together with the financial statements of

INVESTMENTS.
Since the last annual report The North American Company
has sold its remaining interest in the stocks of the Cincinnati,
Newport & Covington Light & Traction Company, and its investments now are mainly concentrated in the Milwaukee
the Treasurer.
Electric Railway and Light Company and its affiliated comFISCAL YEAR CHANGED.
panies, the Laclede Gas Light Company, the Union Electric
In accordance with the authority granted at the last annual Light and Power Company and the United Railways Company,
meeting of the stockholders, the fiscal year of the Company, of St. Louis, and the Detroit Edison Company. All these comwhich theretofore expired on May 31, has been changed to co- panies are rapidly developing; their condition, physical and
financial, constantly improving, and the outlook for their futincide with the calendar year, thus conforming with the pracure in each case was never more satisfactory than at the
tice of the companies in which The North American Company
moment.
is interested.
CONSTRUCTION'.

A

treasurer's statements.

The books, vouchers, securities and cash of the Company
have been examined and verified by its auditors, Messrs. Jones,
Caesar, Dickinson, Wilmot & Company, Certified Public Accountants, and their certificate is appended.
^

BALANCE SHEET
Assets.

—With unimportant exceptions,

these are the stocks

and gas companies, whose management and general policy are under the supervision of The
North American Company.
Bonds. These are First Mortgage Bonds of electric light
of street railway, electric light

—

properties.

Accounts Receivable.
constituent companies.

—These

embrace current accounts with

Liabilities.

Loans.

— Since

December

31,

1904, these have been paid in

full.

INCOME ACCOUNT.

—

Dividends Received. From two of its important investments
The North American Company has not yet received dividends,
the surplus earnings, otherwise applicable thereto, having been
devoted to construction work not yet completed.
Other Profits. These consist of amounts received for securities sold during the year 1904, in excess of their book value as

—

of

December

electric transmission lines, gas manufacturing apparatus, holders, mains and services, car houses,
stations, office buildings, shops, rolling stock and equipment of
all kinds, etc., have been made, and that the principal part of
the construction work heretofore planned is nearing completion.
Including contributions from their surplus earnings, more
than $25,000,000 have been expended during the past few
years in the development of these properties, not merely to
meet the demands of the business as at present existing, but to
lay a broad foundation for their future, with the intention of
fully supplying the lighting and transportation needs of the
rapidly growing communities in which they are situated. During this construction period a substantial part of this expenditure has necessarily been jinproductive, but the time is rapidly
approaching when its full effect will be felt in the increased
earning capacity of the companies.

ground and overhead

—

Valuations. In accordance with the precedents of the last
three years, the securities and assets of the Company have been
revalued and as of December 31, 1904.
Stocks.

detailed description of the measures that have been taken
and of the construction work that has been accomplished since
the last annual report in the development of the several companies mentioned at Milwaukee, St. Louis and Detroit and in
the territory surrounding those cities, would unduly expand
this report; but it will be of interest to say in general that
important additions to, and increases of, their capacity in
power houses and electrical apparatus, sub-stations, tmder-

31. 1903.

INCREASE OF CAPITAL STOCK.
In accordance with the authority granted at a special meeting of the stockholders of tlie Company, its Capital Stock was,
on the 16th day of March, 1905, duly increased from $17,000,000 to $30,000,000. The purposes of this increase were thus
expressed in the notice of the meeting:

"During the years 1901 to 1903 The North American Company
acquired large interests in the electric light and gas companies
in the City of St. Louis, Missouri, and has since greatly developed these properties.
"It has also during the past few years largely increased its
Investment in the street railway and electric light properties in
the City of Milwaukee, Wisconsin, and its surrounding territory.
"An opportunity is now presented still further to eijlarge the
Company's investments in all the properties referred to. Contracts have lately been entered into, conditioned upon your approval, providing for the purchase by the Company of additional shares of the stocks of the Union Electric Light and
Power Company and of the Laclede Gas Light Company, both of
St. Louis, and for the payment of the purchase price thereof
in shares of the Capital Stock of The North American Company
A conditional contract has also been entered into, providing for
the purchase by this Company of an important interest in the

RECENT PURCHASES.
In September, 1904, the Plan for the readjustment of the
relations of the United Railways Company of St. Louis with
its Lessee Company, the St. Louis Transit Company, and of
their finances, was carried into effect, whereby the lease was
surrendered, the floating debt of the Railways Company paid,
and that Company placed in full control of its owa operation
and in a sound financial condition.
Shortly thereafter negotiations were initiated with the North
American Company, which resulted in its purchasing a majority interest in the common stock of the Railways Company under a contract of purchase, dated February 23, 1905, which
has been fully carried out. The purchase was made after the
most careful and prolonged consideration, with the intention
that the stock should be held as one of the permanent investments of Tlie North American Company. It was made with full
recognition of the fact that large expenditures would be required for the improvement and development of the property
in order fully to serve the public comfort and convenience and
to provide for the rapidly increasing traffic, and that the surplus earnings over its fixed interest charges and dividends on
its preferred stock ought for several years to be applied to
Immediate returns are not, therefore, to be
these purposes.
expected.

The Laclede Gas Light Company, the Union Electric Light
and Power Company and the United Railways Company, of St.
Louis, now consume annually approximately 750,000 tons of
Dependent upon
coal for steam and gas producing purposes.
the extent to which it may be profitable to stibstitute coal gas
for water gas, a total annual consumption within a few years
United Railways Company, of St. Louis.
of
from 1,200,000 to 1,500.000 tons will bo reached, and there"To provide the means of paying for these interests and to
furnish the Company the additional cash which it may require after, so far as can now be foreseen, the consumption will infor certain further developments of the properties referred to, crease steadily and largely from year to year.
It is apparent,
the Board of Directors recommend to you that the authorized
assured
and ecoconstant,
of
the
question
a
that
therefore,
Capital Stock of the Company be increased from $17,000,000,
consisting of 170,000 shares, of the par value of $100 a share, to nomical supply of coal of unvarying quality to these companies
$30,000,000, to consist of 300,000 shares, of the par value of $100
For more than a year their
is one of the highest importance.
a share."
boon investigating the sources of coal supply tribu-

have
tary to St. Louis, in the hope that they could bo found accesIn the course of these investigations tlie coal
sible by water.
fields situated at the junction of the Ohio and the Tvadewater
P-.vers in Crittenden. Webster and Union Counties. Western
Kentucky, -were brought to the attention of The North AmeriOptions were obtained, and a full investican Company.
best export, scientific and practical advice,
under
the
gation,
was made, with the result that The North American Company
has concluded contracts for the purchnse of lands nnd minornl
rights in the territory mentioned, embracing more than 22.000
acres, including three operating mines and stoniners and barges
for the transportntion of their product.

officers

Of the increased stock authorized (130,000 shares), 71,045
shares were sold at par for cash, .55,310 shares Avere issued at
par directly in part payment for shares of the Union Electric
Light and Power Company and the Laclede Gas Light Company, and 3,045 shares remain unissued at the date of this
report.

Of the cash received from the sales of stock, aftor paying
the loans appearing in the balance sheet of December 31, 1904,
and completing payment for the interests specified in the extract above quoted, a ))alancft of approximately $2,500,000 remained applicable to the future uses of the Company, thus
placing it in possession of sufTicient cash working capital.

—
June

.

It is estimated that these lands contain not less than one
hundred million tons of coal of excellent quality, which can be
mined under favorable conditions. The coal can be delivered
directly into barges at tipples situated on the Ohio and Tradewater Rivers, with only 283 miles of water transportation on
the Ohio and Mississippi Rivers, between the mines and the
docks of the consuming companies of St. Louis.
A new corporation has been formed to acquire title to the
properties purchased, under the name of the "West Kentucky
Coal Company." It is proposed to finance this company largely
by an issue of First Mortgage Bonds, and that it shall enter
into contracts with the St. Louis companies for the constant
supply of all the coal that they may require during a long
period of time and imder terms which will be mutually advanThe
tageous to the producing and consuming companies.
higher grades of coal produced, beyond the requirements of the
St. Louis companies, will be sold in the commercial market
tributary to the Ohio and Mississippi Rivers.

ANNUAX, MEETING.
/

<

In harmony with the change of the fiscal year of the company, the Board of Directors recommend to you that the ByLaws be so amended as to provide that the Annual Meeting
shall occur on the fourth Wednesday in Januarj', instead of the
third Wednesday in June. In the event of this change, a report covering the operations of the Company for the calendar
and fiscal year 1905 will be made at the Annual Meeting in
January, 1906.

By

order of the Board of Directors.
C.

Newark, N.

J.,

2627

'FHE CHRONICLE.

24, 1905.

June

W. Wetmoee,

President.

21, 1905.

3I?to

OTotnm^rcial IHmes.

COMMERCIAL EPSTOME
Friday Night, June

A fair amount of

business activity is being reported frona
j )bbing and retail circles, the continued vp^irm weather serving to stimulate the demand, particularly for staBonable
wearing material. Business from first hands, how6ver, has
reached only limited proportions, aud with thi holiday and
vacation period near at hand, improved conditions are not ex-

pected until the opening of the fall trade. The reports from
the iron trade have continued to indicate declining markets,
lower prices being accepted to move supplies. The advices
received from the West and South have reported weather
conditions generally favorable for the satisfactory progress

growing crops.
Lard on the spot has continued to meet with a slow demand, both exporters and refiners being light buyers, and
prices have yielded slightly, closing steadier at 7'25c. for
prime Western and 6'75c, for prime City. Rtfined lard has
been dull and easier, closing at 7 35c. for leflaed for the Continent. Speculation in lard for future delivery has been dull,
and despite support from packers, prices have yielded slightly.
The closing was firmer on buying by packers.
DAILT CLOBINO FBICE8 OF LASD FnTDBBS IN CHICAQO.
of the

8at.

Income Account fob the Fiscal Yeab Ending December
31,

1904.

Salaries, Legal Expenses, Net Rentals
Expenses of Administration

Taxes
Balance

to

and

all

other
$73,719.21
464.90
1,592,660.61

Undivided Profits Account

$1,670,984.72

Interest received

and accrued

$44,834.78
777,153.33
147,877.42

Dividends received
Other profltis

Net increase in the Value
December 31, 1904

of Assets as readjusted
701,119.19
$1,670,984.72

Undivided Profits Account.
Dividends paid
$770,000.00
Dividends accrued for one month to Janu70,833.33
ary 1, 1905, payable March 1, 1905
$840,833.33
1,991,744.21

Balance as per Balance Sheet

$2.832,577.54

Balance at December 31, 1903
Net Earnings for the Fiscal Year ending December
31,

$1,231,541.93

1904

Premium on

1,592,660.61

2,000 shares of

Stock issued during the

year

8,375.00

$2,832,577.54

Balance Sheet (Condensed) December 3L

1904.

ASSETS.
Stocks

Bonds
Loans
Accounts Receivable
Office Furniture and Miscellaneous Property

$18,738,970.37
184,258.32
339,064.96
43,109.27

Cash

2.00
669,892.94

23, 1905.

Mon.

Jnly d«l'y.....

7-32i«

7-25

Sept. d«l'y
Oct. delivery

7-.'V2ia

745

7-57»«

7-471b

Tue$.
7-22ia

740
745

Wed.
7-22i«
7-42is
7-47»a

Ihurt. Fri.
7-22ifl

727is

7-42i«

7'50
7-65

7-47ifl

The demand for pork has dragged and the tone of the market is easier; closing prices $13 25@13 75 for mess, f 13 00@15 00
for short clear and fl5 00@15 50 for family. Cut meats have
been quiet and unchanged at
lOi^c. for pickled

hams

pickled shoulders, I0}i@
and 7%@9^c. for pickled bellies, 16@
6c. for

Beef has had a slightly better sale and at
firm prices, closing at $10 for mess, $11 50@12 50 for packet,
$l2 50@13 50for family and $19^25 for extra India mess in
TallO(V has had a fairly free sale at lower prices, clostea.
ing steady at i^ic Stearines have been neglected, closing at
8c. for lard stearine and 7^c. for oleo stearine.
Cotton-seed
oil has been easier, closing at 27>^@28c. for prime yellow
Butter has been unsettled, but closed steady at 17@21c. for
creamery. Cheese has been in fair supply, but prices have
held about steady, closing at 8^@9i^c. for State factory, full
cream Fresh eggs have been in full supply and prices have
yielded to 17c, for best Western.
Brazil grades of coffee have been quiet, the trade generally
pursuing a waiting policy; but as there has been no pressure
to market supplies, prices have been fairly well maintained.
The close was steady at l%c. for Rio No. 7 and 8i^@8J^c.
tor Santos No. 4. A moderate amount of interest has been
shown by buyers in the market for West ladia growths, and
prices have been steady at 9@9J^c. for good Cucuta and 10%
@ He. for good average Bogota Speculation in the market
tor contracts has been on a limited scale only, and prices
have reacted slightly. The close was firmer.
Following were the closing asked prices
6'66o. Deo
Jane... ...... 6-400. Sept
....ITTrTe^yKo.
6-400. Oct
6-750. Jan
Jtdy
7*OOo'
6-560. Nov
6-850. Mlarota
Aug
7-10o.
Raw sugars have been in better demand and there has been
10 lbs. average.

:

:

$19,975,297.86

i

LIABILITIES.
Capital Stock

$17,000,000.00
500,000.00

Loans
Dividends

Due and Unclaimed
Accrued for one month
1905, payable March 1,

Deposits

of
—Funds
Profits

Undivided

$1,580.50

to January
1905

1,

Constituent Companies

70,833.33
72,413.83
411,139.82
1,991,744.21

$19,975,297.86

a slight improvement in prices, closing at 4 5 16o. for centrifugal, 96-deg. test, and 3%c. for muscovado, 89-deg. test.

Refined sugar has declined, closing with an improving demand at the lower price; granulated was quoted at 5'30@
5 35o. Other staple groceries have been quiet,
quiet market has been reported for Kentucky tobacco,
but with offerings limited prices have held firm. The volume
of business transacted in seed-leaf tobacco has been limited.
Small sales have been reported of Wisconsin Havana Bs, 1903
crop, Pennsylvania broadleaf, and Zimmers Spanish, and full
prices have been paid, Sumatra tobacco has been firm but
qaiet.
Havaca tobacco has been in more active demand and

A

We have examined the books and vouchers of the North
American Company and the Balance Sheet and Income Statements set forth above, and have verified the Securities and Cash
firm.
of the Company, either by actual inspection or by certificates
During the week prices for Straits tin advanced, but the
from the depositaries thereof.
close was quiet and easier at 30'45@80"65c. Ingot copper has
Accepting the valuations of the Assets as made by the Board been quiet, but prices have been firmly
held at 15c. for both
of Directors, we hereby certify that the Income Account is cor- Like
and electrolytic. Lead has been quiet but steady at
rect and that the Balance Sheet, in our opinion, represents the
Spelter has been quiet and unchanged at 5*30^.
4 50@4-60c.
true financial condition of the Company, as of December 31, Pii^ iron has been easier, closmg at
$15 75@16 25 for No. 2
1904.
Northern and $15 25@15 75 for No. 2 Southern.
Jones, Caesar, Dickinson, Wilmot & Co., Certified Public
Rtfined petroleum has been in fair demand and steady,
Accountants.
closing at 6 '900. in bbls., 9 60c. in cases and 4c. in bulk.
Naphtha has been steady at He. for 71 degrees and Ho. for
54 William Street, New York, March 25, 1905.
76 degrees. Credit balances have been steady, closing at
l-27c.
Spirits of turpentine has been in better demand and
— H. W. Poor & Company, the New York anrJ Boston firmer,
closing at 63i^c.@84o. Rosin has advanced, closing
banbere, have lately (-ptabllbhed a branch oflBce at Newport, at |3 75 for common and good strained. Hops have been
R. I., in the Andratn BaildjDg. Dennie M. Hare is in ptr- easier and fair sales have been made at lower prices. Wool
eonal charge of this new branch.
has been firm,

•

. .

.

THE CHRONICLE.

2628

TTO

C O

24

.

Friday Nksht, June 23, 1905,
The Movement of the Crop as Indicated by our telegramt
from the Sonth to-night Is given below. For the week ending
this evening the total receipts have reached 68,274 bales
against 73,543 bales last week and 101,681 bales the previouf
week, making the total reoelpti since the Ist of Sept., 1904
9 354 360 bales, against 7,036,613 bales for the same period oj
1908-4, showlne an increase since Sep.l. 1904. o^ 2.317,747 bales,
Beeeiptt at—

Moy%,

Sai.

3,256

aalveston
Pt.Arthnr,&e
BTew Orleans..

2,021

3.293

6,230
!•••

......

......

S,030

2,294

4,248

:.842

145

454

157

425

487

235

•>•-•

1.309

1,561

2.489

2,119

2.277
2,203

&e

Pent&eola,

37

99

16

42

406

3C5

121

2,404

709

3,062

75

44
27

Charleston
Pt. Royal, &e
Wilmington...
Wash'ton.&c.
.

If Off oik

ITp't

News, &o.

New

York.

1,099

—

267

Boston
Baltimore
FhUadelp'a. Ac

Total.

18,425
1,030
16,095
1,903
2,277
12,279
1,282

2,598
1,282

«*>

Bruns-Wk, &c
. .

^n.

2,368

'

BaT&nn&b

Thun.

Wed.

Tues.

2.526
1,030
2,313

MobUe

384

50

78

105

334

1,349

1.569

1,832

722
e02

10,298

628

60S
119
701

•••a
330

10

67

1,161
!25

1,161

50

tWB week

Tot.

75

8,254 14,440 1?,104 10,371 12.863' 68,274

10,242

The following shows the week's total receipts, the total sine
1, 1904, and the stocks to-night, compared with last y*^ar.

8epti

1903-04.

1904-05.

Becnpti

June

to

ThU

23.

ThU

Sinee Sep.
1, 1904.

Moeek.

18,425 2,614,533
At.,&o
1.030
285,479
Kew OrleanB 16,095 2,549,134
HobUe.. ...
1,903 309,099
Fsaoola, &c.
2,277 194,739
Sayannah.. 12,279 1,720,236
1.282
193,648
Br'wlok, Ac
«28 212.040
Charleston.
897
P. Royal, Ac
Wilmington
1,349 354,276
122
Wash'n, &e
Hortolk
10,298 715,129
24,781
irportN.,*©
602
32,128
119
New York..
75,084
701
Boston
60.198
Baltimore..
1,161
125
12,837
Phnadel,&c
Pt.

68,274 9,354,360

Totals

Note.— 19,750 bales added

Stock.

Sinee Sep.
1, 1903.

week.

Galveston..

1904

1905.

692 2,332,247
100,929

106,006

8.726

6,672 1,958,239
1,077 198,012

88,355
13,727

105.831
734

133,677

......

3.218 1.133,475
120,760
255 164,598
1,282

31.972
9,585
4.609

821,140
336
469,740
21,087
17.245
29,906
29,823
14,117

2,495

495

28.024

2,876

15
1.179
17

722
11

62
75

23,-:

83

1,583

72

13,995 7.036.613

131,026
3,419
2,022

63.397

1.411

667

422,723

212,881

3,69.''

1,107

as correction of receipts since Sept. 1 at

B&vannah.
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
BecMptt at—

1905.

Galves'n, &c.

New

MobUe
. .

<Jjc.

626

Wllm'ton, Ac
Norfolk
N. News. &c.

1,349
10.29t

Chas'ton,

Tot

this

wk.

1900.

1901.

473
10,336

7,198
7,052

940
495

120

170

7

3,745

6,897

1.455

504
207

23

604
462

362
363
190
29

8,806

8

15

635
5,501

2

325

5,666

17
870

206
263

1,006

3.200

10,818

2,799

68,274

13,995

14,339

22,2^9

68,485

10.587

1.179

Since Sept 1 9354,36(. 7036,613 7577,913 7370,214 7333012 6407.656

for the week ending this avening reach a ^ots
of 82,193 bales, of which 41,318 were to Great Britsin. 7,979
to France and 33,903 to the rest of the Continent,
Beiov
are the exnorta for the week and since Sept, 1, 1904.

The exports

Week ending June l3 .1905.
Bxrportei to—

Mxjtortt

trom—

Great
Brit'n.

Trance

Conti- 2otal
nent.
Week.

QalTeiton...

PtArthuT, »c.

Naw

11.226

2.695

••••••

8.277

Mobile

12,952
3,51:7

Ptniaools, Ao.
•

SaTannata....

Bmniwlok..

1,

1904.

•

Continent.

l.lto.Sl? 257.411

Otb.^Oi 2,(98,862

|

lOi.ait'

•

8.446

8,416

N., fta

176,549

9,664

227

U.H-

19,17»l

N«w

York...
Boiton
3altlmcre...
Philadelphia.

T).283
3,816
6.360

2,t07

4.558

ito

1,7*7

San rraa„ Ac
Total
]

;

18.678

315,243

3.246

18^,000,

6,469

l;i6.8fl«;

1.747

57 264

ii.ise

11.736

...

4.674

1

6,94 ti

lf4.i:53

74,ei':

77.fc9J

169.U4^

34V18

8,i3
2.27t

We

ON SHIPBOARD, NOT CLEAKED FOB—
June 23 at—

224. UH

Orleans.
Galveston.. ..

305,050

6662 3,814 41.733

171,151
232 640

6"506
3,000

"850 lo'oso

i'i'oo

16,172

"500

61n 5.827.193

4.000

2'.6o6

1,000

8,145
6,462

4,188
3,279

639

8,143!

24.682

m

UPLANDS.

^fiddling

Oood Middling
Middling Fair

„

Sa&.

•nCon

Tne*

8 15

8 15

815

8 77

8 77

8-77

915

915

9-15

i»59

9 59

9-59
11

Wed TM.

Frl.

8-20
8-82

8 92

8 00
8-62

830

900
9C0
9-44
9-74
S.-64
10-26
996 1016
9-20

1011 1011 10

GULF.

Sat. iin[onTnes!\¥ed Tli.

Frl.

Good Ordinary.

8-40

8-40

Low

9 02

902

9-40

9-40

984
1036

9-S4
10-36

1036

9-89
9 99
10-21 lC-41 10-51

Sat.

Bloni

Tues

tlTed Tit.

Middling..

aUddUng
Gk)od Middling.
Middling Fair..

STAINED.

Low

7-65
8-65
8 81
9-15

Middling..,.

„

Middling
Strict

Low

Middling Tinged..,

Good .cuddling Tinged

7 65
8 65
8-81
9-15

i

i

8 40
9 02
9-40

8-25
S-87

907

8-55
9 17

9-25

9-45

9-55

9-84

969

8-45

Frl.

780
880

8 81

7-£0
8-60
8-66

7-70
8-70
8-86

9 15

900

920 9-30
York en

7 65
8 65

8-S6

The quotations for middling upland at New
June 23 for each of the past 32 years have been as follows.
1905. ...0. 9-30
11-05
12-90

1904
1903
1002
1901
1900
1899
1898

914

508

9^
e^
638

1897. ...0. 7i3ie

1889. ...0.11

1881....c.llli«

1896
1895
1894
1893

1888
1887
1886
1885
1884
1883

1880
1879
1878
1877
1876
1875
1874

7S8

.Sia

rs^g
8

1892,

1891
1890

'18

838'

12

1C5,8
lO's
iSjg
1038
III4
10i«

;

I

i

!

1882...... 11 016

I

Ili5i«
127,8
Il7i8

11%

12i«
16i«

17''8

MAHKET AXD SALES,
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Market
Closed.

301165

2.6*- 1

7"806

Speculation in cotton for future delivery has b en moderately active; but the tradirg has continued almost exclusively for the account of regular interests, little active public
interest being shown in the market.
Early in the week
there was an easier tendency to prices. The advices received
from the South quite generally reported wea'her conditions
favorable for the crop, most reports stating that the crop
had made good progress and was well out of grass. Prompted
by this information bear Interests did a fair amount
of short selling, with a prominent speculative interest the
principal buyer. New Orleans advices also reported that
prominent operators in that market were buying.
On
Thursday the market turned firmer and prices advanced
sharply. Small-crop estimates were circulated, and on manipulation by bull interests and a demand from recent short
sellers to cover contracts, prices were forced np rapidly. 'The
private advices received from the South continued favorable,
deeired rains teing reported in the Mississippi Valley and in
Texas. To-day the market was unsettled. Early in the day
prices yielded slightly under disappointing advices fr
Liverpool; then came an advance, carrying October npto9c,,
but this improvement was not maintained. The close was
steady at a net loss in prices for the day of 2 to 5 points.
Cotton on the spot declined early in the week, but closed
higher at 9 30c. for middling uplands,
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Pair
0. 1-30 on
Good Middling Tinged ..c. Even
!41ddling Fair
0-96 on Strict Middling Tinged.... 0-06 off
Strict Good Middling
0'62 on Middling Tinged
0-12 off
Good Middling
0-44 on Strict Low Mid. Tinged ... 0-34 off
Strict Low Middling
0-14 off Low Middling Tinged
0-50 off
Low Middling
0-38 off Strict Good Ord. Tinged .. 084 off
0-72 off Middling Stained
Strict Good Ordlaary
0'60 off
Good Ordinary
I'OOoff Strict Low Mid. Stained... 106 oA
Strict Good aild. Tinged.. 030 on Low Middling Stained
1-50 ofl
On this basis the oflBcial prices for a few of the grades for
the past week— Jure 17 to June 23— would be as follows.

801.165

27.784 2.45'.225 e93.852

60,;i31

18,924
6.059

01.715

16.S76

900

eo,f79

49,338 13,608 17,157 16,224 21.316 117,643

4 481

«.8v3

27,476
45.675
1,270

Total 1904..
Total 1903..

ivfonday

55

1.029
2,365

Total 1905..

Saturday

3,081 8.013.882

4,452
7,772

5,884
7.9C3

16.172
13.000
4,000

167.787

8.4'-

3,408
8,300

stock.
Total.

30,702
4.609
3.677
11 852
118.026
15,004

1M.176

8a,ios 8.779.780 78\01»

Other Coastmany. For'gn wise.
Ger-

370

Charleston...
afobUe
Norfolk
New York....
Other ports .

14.40;

38,fc03

12,703
19,335

Savannah

37.247

7,979

Leaving
Great
Britain Fr'nce

Sew

i!2,57b

21.55S
5:),6'0

41,816
5.i

162,634

837,«7ti 1.214,158

I*
88.271

Total.

S92,Sib 2.288.(-95
60.853
167.130
82,4if
]9\6£6

•

8,379

WllmlnRton..
Norfolk

l90f

Great __
QrlU.ln.,'""^'

147.3071

••••

u June 23

Exported to—

27,078 1.C19.999 348.07(
63,250 43,3i7
3.527
106,302 81,906
2,877
275 3911 61,489

Cbarleiton..
Port Boyal..

Total. 1903^14

Sept.

61.335|

Orleani.

N'pon

from

In addition to above exports, onr telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.

Low Middling

692

18,721
24,037

[Vol. lxxx.

Gkiod Ordinary....^...,

6.672
1,077
3,:i8

255
15

602

All others..

1902.

1903.

1904.

19,465
16,095
1,903
12,279

Orleans

Savannah

.

rnesday

.

. .

Steady

FUTFRES

Market

Closed.

(inlet....

B'rly steady
Steady

ymet

B'rly steady,

Wt'dnesrta.v aoiftt. 15 pt8.de steady
Thuraday.. Ciulet.20ptR. ad. steady
Friday
i^oiet. 10 pis. aa Steady

Total

.....
.....

Sales of Spot
HX-

.Si

Contract.

0O7,S.

Con-

spec

tract.

I

port,

dt

Total.

26
ao(>

209

23ft

2?5

'

'

June

»

.

''
'

THE CPIKONICLE.

24, l\)vo.\

FoTUBES.—Highest, lowest and

closing prices at

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AmsrttaK—
375,000 443,000 762,0O.
46.000
34,000
Manobester stock..............
347.000 382,000 320,00C
Continental stocks. ...... ^h...^^.
60.000 H0,00(
87,000
AmerSean afloat for Bnrope.
212.884 257.262 332,101
United States stock.. >......»....»
44.093 123,6\2
OaltedStateslnterlor stocks. 2ii7.'33 116,496
2,100
843
7,854
8.858 .
United Statei exports to-day.
TotalAmerlcan..
., 2,248.3141.180,234 1,238,198 1 650,0£3
Mast IndiaH, Sraail, rfs.—
^„ ^„^
,„, ^^,
125,000
96,000
71,000 128,000
««.
LlTOTPOOl stock....12,000
9.000
10,000
14,000
London stock
8.0C0
.----.
6.000
9,000
Manobester atook
..
51,0CC
91,000
43,000 108,000
Continental stocks
..«
9l,00(
181.000
India afloat for anrope...«.«. 100,000 122.000
i8.00t
16.000
17.000
24.000
a«"p«.Br»»ll *0.,afl0tt.7ri
78.00(
BtoekfnAlexindrfa.lIgypt... 1*0.000 121.000 ^34.000
483,000 676.000 474,00^
„ 921,000
tOCk in Bomtay, Inaia
!-59.00(
1.322,000 9^2,000 I.IOJ.OOO
Cotal East India, Ae
2,248 314 1,180,254 1,258.193 1 650,053
Total Ameriean,...
8,870,314 2,172.234 2,347,198 2,609,053
Total Visible snpply
6d
8-96d.
6-14d.
6 05d.
Xlddllng Upland, Llverpoo.V
9J4C
13-35C.
9£Oo.
1105c.
aewdUng upland, New York..
lO^d.
7>4d.
7%d.
79ifld.
agypt eoodBrown,Llverpooi
7(1
10-50d.
8 75d.
9 80d.
f «a V. Bough Ooo d,Llver pool
6ie,6d.
6ifld.
4i3,«d.
4U,fl(i
Eioftcb Vine, Liverpool.. ...„
4^(1
5-"^d.
4\d.
6»ied.
avelly Gtood, LlTcrpool
Z
Continental imports past week have Deec 45,000 balep.
r
1 oe above figures for 1905 show a decrease from last week
of 98,990 bales, a gain of 1,398,080 bales over 1904, an excee.=; o<
1,223,116 bales over 1903 and a gain of 1 ,061 ,261 bales over 190^

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°?1

1903.
1904.
1903.
1905.
stock at LlTMPOOl.__l)»iei. 845,000 498,000 544.000 887,001
12,00i
9.000
10.000
14,000
Btock at LonflOB...^ ............
52,000
57,000
42,000
Stock at aianoheater. ..........
Total Qreat Britain stock. 916,000 650,000 605,000 S99,00(
...^
21,000
18,00<
14.000
23.000
Stock at Hamburg.....
134,00(
.....»»
313,000 190,000 219,000
Stock at Bramen „..
6,000
4,000
5,00(
1,000
Stookat Antwerp..............
142,000 148,00<
148,000
............ 102,000
Stock at aavre
3,00(
4,000
3,000
3.000
Stock at Marseilles....
....
50,00C
26,000
33,000
28,000
Stock at Barcelona
45,000
7,00{
38.000
Stock at aenoa
26,000
.
12.000
6,00(
4,000
Stock at Erteate . ,»_ .... ....
15,000
371, OOC
Total Clontlnental stocks.. 491,000 455,000 473,000
Total European stocks ..1,407,000 1,005,000 1,078.000 1,270,00(
91,00C
India cotton afloat! lor ifarope 100,000 122,000 181.000
60,000 llO.OOt
87,000
Amer. cotton »aoatf 01 a'Jope. 309,000
28,00C
16.000
17.000
Egypt, BrazU,&o.,»fl?.i:orE'pe
24,000
78.00C
34,000
Stock In idexandrla, Egypt... 140.000 121.000
Bombay, I naift......^. 921,000 483.000 876.000 474,00f
Stock
Stock In United States ports.. 422.723 212,884 257,262 332,101
123,652
44,093
Stock In O. 8. Interior towns.. 237,733 116.49S
2.3C
843
7,854
United States q)]r:poTtii' «0->Tsy
8,858
Total visible supply
3,570,314 2,172,234 2.347,198 2.509,0c3
Of tbe above, totals of Anaerloan ana otiser descriptions are aa fouo ws

.

•

CnC0OOiF'a<QnXM'vic;<g-, C0t9aCtSXCCC;<OC^Xxail^UiO9<Mt4C;it9

c;i

774.0C0
48,000
448,000
309.000
422,723

•

It'

§1

Thb VisiBiiB Supply of Cotton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening
But to make the total the complete figures for to-night
(June 23), we add the item of exports from the United States,
including in it the exports of Friday only.

LlTsrpoolf taek.........bal«s.

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Is the
the shipments for the

1,

corresponding period of 1903-04— is set out in detail below.

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movement— that

the

since Sept.

week and the stocks to-night, and the same items

SJ

§
Ol^
ooo

week and

«1CKJ

i:

toco

2629

At the Interioe Towns

New York,

QW>-0Rl2QW!^0W»QWfe0W«QW20WgQM^0Wdgw3Qwg
5** H =
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The above totals show that the interior stocks have decreased during the week 13,163 bales, and are to-night 111,237
bales more than same period last year. The receipts at all the
towns have been 41,9:6 bales more than same week last year.

Overland Movement fob 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
reports Friday night.
The results for the week ending

We

Jul e 23 and since Sept.

1 in

the last two years are as follows.
1904-05.

June

23.

Week.

1903-04.

Since

Since

Week.

Sept. 1.

Sept. 1.

—

Shipped
Via St. Lonls
Via Cairo..
VIA Rook Island
Via Louisville
Via Cincinnati
Via other routes, &c. ...........

3,893
2.53S

976
1,608
1,143
8,016

Total gross overland... .......
Deduct thipments—
Overland to N. Y., Boston, &o..

502 126
250,570

"349

118 360
31,703
194,467

13,648

2,254 1,110,874

180,247
31.437
55,163

870

407
916

233

91,091
30,812
95,590

3,429

266,847

1,113

217,493

2,106

.

922
821
99
63

18,1(4 1,440,£02

Between Interior tovnis
Inland, Ac, from South
Total to be deducted

581,939
323,176
51.283
97,822
56.705
329,577

5

Leaving total net overland'.
14,735 1.173,655
1.141
893,381
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 14,735 bales, against 1,':41 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits an increase orer ayear ago of 2bO,274 bales.
Including

.

_

.

^

1904-05.

In Sight and Spinner^
Takingt.

Week.

Receipts at ports to June 23
Net overlann to June 23

Sept. 1.

68.274 9.354,360
14,-35 1.173.655
44,000 1,800,000

Southern consumptlou June 23..

Week.

Sin.ce
Sept. 1.

13,9E5 7,036.613

1,U) fc93.381
4V!,000 1.755,000

127,009 12328015 57.136 9.684 P94
13,162 176,073 •13 403
104.S94

Total marketed.
Cnterlor stocks In excess

Came

1903-04.

Sifice

*

Into sight during week. 113,847

Total in sight June 23

43,733

12504C88

9,789,888

20,927 2,132,324
Decrease during week.
Movement into sight in previous years.

631 £.057,967

North, spinners' tak'gs to June 23
*

Week—
June 26
1902— June 27..
1901— June 28
1900- June 29.....
1903

Bales.

42.344
49.400
87.695
33,227

Since Sept.

1—

1902 03- June 26.

lPCl-02-June27
1900-01- June 28.
1899-00— June 29

Bales.

10,410.140
10,042,628
9,992,381
.. 8,812.195

....

.

e

.

THE CHRONICLE.

2630

Quotations fob Middling Cotton at Othee Maekets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
0IX)8ING QDOTATIOH8 FOB MIDDUNQ COTTON ON—
Week ending
June 23.
Sat'dan. Monday, Tuetday. Wed'day. Thund'y Friday.
9l8

Oalveston.
New Orleans
Mobile

9ie
9i«
S'a

93i8
9h,
8'a

98i8
9i,«
S'e

9

Savannah...
Charleston
Wilmington.
Norfolk
Boston

813l6
8^2
8^2

S-'e

8''8

S-'s

915

Baltimore. .
Pbiladelph'a

9-12
9-40

Aagnsta

91,

9>e
9Si«
808

.

9^

Memphis
Houston

9i«
8iB,a

Little Rook..

8ifl

St.

Louis

93,6
91|6

98,6
91,6

8-^8

8\

8''8

8''8

S-'e

9

8'4

8'4

9

9

808
9

S'o^

9
9-l.S

9-15

9-16

912

912

912

9-12

9
9 20
9-25

9-40

9-40

9-25

945

955

91,6

9ll8

9lj6

»8l6

9

9

9iie
9l8

9i«
93,8
868

9^8
9i«
808

8»«

9^

The closing quotations to-day (Friday)
Southern markets were as follows.
9^4
Louisville
Atlanta
98,6
Montgomery.. 9
Columbus, Ga.
8^
Nashville
Columbus, MlsB 8^8
8H

900

91fl

9

9ie

9Jfl
8ifl

9^
8^

at other important

Natchez

Raleigh
8\
8 ''8
Shreveport
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options In the New Orleans
cotton market the past week have been as follows.
.

Sat'day,

June 17

July—
Range

..

Closing..

Monday, Tuesday, Wed'day, Thurtd'y Friday
June 19. June 20. June 21. June 22. June 23

8-87-00 8-84--03
8-99- 00 8-84--85

8'80--98
8-82--83

8'90--94
8-80--81

879--93

880

870--71

•94
8-98- •99

8-92- 09
8-97- •98

866--68

8-72- •82
8-95- •97

8-86 -02
8-91-.93

8 65 --88

August—
Range

.

Closing..

Sept.—
Range

8-84
8-93--94

8-78--79

868- •79

8-86--88

8-72--74j

8-68- •70

8-59--60

8-68--88
8-80--92

8-82--96
8-86--88

8'72-'83
8-82--83

8-68--84! 8-64--82

8-56--82
8 56--67

8-62-^89
8-88--89

8-78-93
8-83- 84

8-56-74 8-66--93
8 60- 61 892--93

8-82- •97
8-87- •88

..

Closing..

OCTOB'R—
Range ..
Closing..

Dec'bebRange
.

Closing..

8-77--78

8-59--88
8-87--88

8-68--69

8-66--67

8-73--89i 8^68--87

8-73--74

870-71

Easier.
Steady.

Quiet.

Easy.

Steady.

Steady.

Tone—
Spot
Options.

Steady.
Quiet.

Firm.
Firm.

Weather Reports by Telegraph.— Rsporta

Firm.
Steady.

by
telegraph from the South this evening are on the whole of a
satisfactory tenor. Bain bas been quite general, and as a
rule very beneficial. Id a few sections along the Atlantic,
however, moisture is said to be needed, and from limited
districts in the Gulf States there are complaints of grass.
Advices fromTexad iadlcate a material Improvement ia the
crop, and in Webb and Zipata counties cotton, it is stated,
is beginoing to open.
Galveston, Texas.— General rains over the entire State the
current week have been very beneficial. Crop shows material improvement, and in the southern portion is fruiting
rapidly, and reports from Webb and Zapata counties are to
the effect that cotton is beginning to open. There has been
rain on two days of the past week, the rainfall reaching three
inches and fifteen hundredths. The thermometer has averaged 80, ranging from 71 to 88.
Abilene, Texas,— We have had rain on three days during
the week, the precipitation reaching one inch and ninety-four
hundredths. The thermometer has ranged from 64 to 98,
averaging 81.
Brenham, Texas.-lt has rained on two days of the week,
the rainfall being one inch and eighty hundredths. Average
thermometer 83, highest 96, lowest 69.
Corpus Chriati, Texas. There has been heavy rain on two
days the past week, the rainfall being three inches and
twenty-two hundredths. The thermometer has averaged 79,
the highest being 88 and the lowest 70.
Ouero, Texas, There has been excessive rain on one day of
the week, the precipitation being four inches and sixty-three
hundredths.
The thermometer has averaged 84, ranging
to

us

—

—

from 70

to 98.

Dallas, TeicoM.— Rain has fallen on' two days during the
week, the rainfall reaching thirty-two hundredths of an inch.
The thermometer has ranged from 67 to 98, averaging 83.
Fort Worth, Texas. The week's rainfall has been one inch
and eight hundredths, on three days. Average thermometer
81, hlgbest 98, lowest 66.
Henrietta, Texas.—
have had showers on two days of
the past week, the rainfall reaching forty-four hundredths of
an inch. The thermometer has averaged 83, the highest being
99 and the lowest 66.
Huntsville, Texas.-Thete has been heavy rain on two days
of the week, the precipitation being two Inches and thirty-

—

We

I

Vol. lxxx.

the week, the precipitation being one inch and eighty-nine
hundredths. The thermometer has averaged 84, ranging

from

71 to 96.

—

Nagodoches, Texas. There has been rain on three days
durlr g the week, the rainfall being two inches and thirtytwo hundredths. The thermometer has ranged from 71 to
94, averaging 83.
Palestine, Texas.— R^in has fallen on three days of the
week, the rainfall being one inch and ninety hundredths.
Average thermometer 79, highest 92, lowest 66.
Porta, Texas. It has rained on one day during the week,
the precipitation being twenty hundredths of an inch. The
ttiermometer has averaged 82, the highest being 93 and the

—

lowest 70.

—

San Antonio, Texas, There has been rain on two days of
the past week, the rainfall reaching eighty-three hundredths
of an inch. The thermometer has averaged 81, ranging from
68 to 94.
Weatherford, Texas. We have had rain on two days during the week, the precipitation reaching one inch and fiftyeight hundredths. The thermometer has ranged from 66 to

—

99,

averaging

83,

—

Shreveport, Louisiana. There has been rain on four days
the past week, the rainfall being one inch and fifty-seven
hundredths. The thermometer has averaged 85, the highest
being 95 and the lowest 75.
New Orleans, Louisiana.— It has rained on four days of the
week, the rainfall being two inches and sixty-three hundredths, Average thermometer, 82.
Leland, Mississippi, -Rain has fallen during the week, the
rainfall reaching two inches and fifty hundredths. The thermometer has ranged from 67 to 92, averaging 78 3.
Vicksburg, Mississippi.— With beneficial rains and favorable weather generally, the crop has made good progress. The
week's rainfall has been one inch and forty-nine hundredths,
on four days. Average thermometer 79, highest 93, lowest 70.
Helena, Arkansas. Crops are in good condition. Local
showers each day of the week until Thursday noon, when
slow rain set in which continued until two this morning.
Splendid for crops. First bloom on the 21st, or same date as
last year.
The precipitation reached one inch and seven
hundredths.
The thermometer has averaged 81, ranging
from 68 to 94.
,
Crops are doing well. There has
Little Roek, Arkansas,
been rain on five days during the week, the rainfall being
three inches and eighty hundredths, aad it is still raining.
The thermometer has ranged from 64 to 95, averaging 83.
have had rain during the week,
Nashville, Tennessee.
the rainfall being one Inch and sixty-five hundredths. The
thermometer has averaged 80, the highest being 95 and the
lowest 64.
Mobile, iltodama,— Frequent rains In the interior daring the week. Cotton is generally in fair condition, but
there are complaints of grass and too much rain from some
sections. There has been rain on three days of the past week,
the rainfall reaching ninety-seven hundredths of an inch.
Montgomery, ..d^obama. —Lowlands are still somewhat in
have had rain on
Upland crops are doing well.
grass.
two days during the week, the precipitation.reaching twentysix hundredths of an inch. The thermometer has ranged
from 73 to 94, averaging 83,
Madison, ^PTorida.— Excessive moisture Is causing grassy
have had rain on four days of the past week, the
fields.
rainfall reaching two inches. The thermometer has averaged
79, the highest being 90 and the lowest 68.
Augusta, Oeorgia.—CropB are Improving but grass Is still
troublesome. Toere has been rain on three days of the week,
the precipitation being one Inch and thirteen hundredths.
The thermometer has averaged 82, ranging fram 69 to 94.
Savannah, Qeorgia.—We have had rain on three days during the week, the precipitation reaching seventy-six hundredths of an Inch. The thermometer has ranged from 72 to

—

—

—We

We

We

89,

averaging

81,

We

have had rain on four
Charleston, South Carolina.—
days of the past week, the rainfall reaching twenty-five hundredths of an inch. The thermometer has averaged 80, the
highest being 88 and the lowest 78.
Greenwood, South CaroMna.— Moisture Is badly needed.
There has been rain on one day of the past w^ek, the rainThermometer
fall reaching twelve hundredths of an Inch.
has averaged 81, ranging from 71 to 92.
Statetmrg, South Carolina. Cotton, along with all other
crops, is suffering badly for moisture. Rain has fallen lightly on one day during the week, the rainfall reaching ten
hundredths of an Inch, the beneficial effects of which were
The thermometer has ranged from 71 to
of slight duration.

—

97,

averaging

83.

North Carolina.—With occasional showers I
one hundredths. The thermometer has averaged 84, ranging should consider the conditions Ideal. It has rained on one
from 69 to 99.
day of the week, the rainfall being twenty hundredths of an
Kerrville, Teascw.— There has been rain on two days during inch. Average thermometer 82, highest 95, lowest 71,
the week, the precipitation reaching one inch and seventyThe following statement we have also received by telegraph,
five hundredths.
The thermomiter has ranged from 66 to 92, showing the height of the rivers at the points named, at
averaging 79.
8 A. M. June 23, 1905, and June 24, 1904.
LampanaH, Teojos.— Rain has fallen on two days of the
week, the rainfall being forty-six hundredths of an inch.
June 23, '05. Jum 24, '04.
Average thermometer 81, highest 98, lowest 65.
FeeU
Feet.
Longview, Texas.— It has rained on three days during the
14-4
13-6
Above aero of gauge.
week, tbe precipitation being one inch and seventy-eight «ew Orleans
19-8
15-7
Above zero of gauge.
hundredths. Ttie thermometer has averaged 85, the highest Memphis
3-5
109
Nashville
Above sero of gauge.
28-5
belEg 100 and the lowest (59,
211
Above zero of gauge.
Shreveport
38-8
290
Above zero of gauge.
LuUng, Texas.- There has been heavy rain on one day of Vlokaburg
Charlotte,

:

June

THE CHRONICLE.

24, 1905.]

India Cotton Movembnt pbom all Ports.—The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending June 32 and for the season from Sept. 1
to Jnne 22 for three years have been as follows.
1903-04.

1904-05.
Reeeipt$

at—

Since

Week.

Bombay

41,000 2,492,000

For

Since

Week.

Sept. 1.

Since

Week.

Sept. 1.

17,000 2,038,000

Week.

the

1902-03.
Sept. 1.

33,000 2,357,000

Since September

1.

Mxportt
Qreat

Qreat
Britain.

Oontinent.

Total.

i'obo

20,000
10,000
34,000

20,000
10,000
35,000

19,000
92,000
74,000

333,000
846,000
825,000

352,000
938,000
899,000

i'.boo

2,000
2,000

2,000
3,000

2,000
4,000
4,000

33,000
39,000
34,000

35,000
43,000
38,000

13,000
31,000
12,000

16,000
41,000
18,000

188,000
234,000
132,000

196,000
250,000
149,000

Britain.

Continent.

Total.

Bombay—
1904-05..
1903-04..
1902-03..

Oaloutta—
1904-05..
1903-04..
1902 03..

Madras—
i',bo6

i',6bo

3,000
10,000
6,000

i'obo

13,000
8,000
3.000

13,000
12,000
3,000

8,000
16,000
17,000

s'obo
1,000

35,000
21,000
37,000

35,000
^6,000
38,000

1904-05..
1903-04..
1902-03..

^1 others—
1904-05..
1903-04..
1902-03..

32,000
567,000
599,000
122,000 1,150,000 1,272,000
101,000 1,003,000 1,104.000

Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. ChoremI,
Benachi «fc 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. Bgypt,

June

1903-04.

1904-06.

21.

Receipts loantars*)—
This week............
Since Sept. 1

Sxportt (bales)--

To Liverpool...
To Manchester
To Continent
To America..........
Total exports
*

Ad.Tddication— Emannel Lehman, chairman; Relnhard Sleaenbnrg,
Pandeil A. Faolilri, Archibald B. Gwathmey. Samuel T. Hubbard.
Board op Appeals -Henry Sohaefer, chairman; Thomas M. Robinson. Secretary; Henry Hentz, Bernard 8. Clark, Philip Lehman,
Robert P. McDoogall. J. Temple Gwathmey.
Membership -£. M. Weld, chairman; William Mohr, P. H. Wlggln,
Samuel T. Hubbard. Edward K Cone.
Arbitration— (Jeorge E. Moore, chairman; Marcus J. Parrott, William Ray, George A. Chapman. Edward E. Moore. Henmann Norden.
Warehodse and Delivery- John Tannor, chairman; Arthur Lehman. Eaward E. Moore, Charles A. Shearson. Georte W. Neville,
Abr»m Allen .7r.. Secretary; Walter O. Hubbard, ex offlolo.
Information and Statistics— James F. Maury, chairman; Eustratlus A. Fachirl, G«orge W. Baily. William P. Jenks. Arthur R. Marsh.
Commissions- Henry H. Wheeler, Chairman; Bernard 8. Clark,
Thomas M. Robinson. Secretary; Relnhard Sledenburg.
revision- George Breunecke, chairman; 8. M. Lehmai,M. T.Maine,
E. E. Moore, P. A. Fachirl. R. H. Rountree, C. M. Calhoun, John
Grierson, R. A. Springs, G. E. Moore. J. F. McFadden, E. M. Weld,
Char'es Stillman, Samuel Hopkins, William Mohr, O. C. Cowan, William Ray.
Clearings— G. Howard Wilson, chairman, Henry H. Boyce, Walter
O. Hubbard, ex-offloio.
Classification Abram Allen Jr., chairman J. F. Wenman, T. A.
;

Perkins, E. L. Woodson,

13,000
6,193,637

1902-03.

700

900

6,453,757

5,739,430

IhU

This
Since
week. Sept. 1.

week. Sept.

1.750 208.342
143,402
sisoo 300,301
1,250 69,047

2,000 225,107
3,000 134,821
1,500 327,400
700 50.148

200,291
r,659 144,633
5,330 310,882
80.271

8,500 721,092

7,200 737,476

6,989 736,077

Since
1.

This
Since
week. Sept. 1

A cantar Is 98 lbs.

This statement shows that the receipts for the week ending
21 were 13,000 cantars and the foreign shipments

June

8,500 bales.

Manchester Market.— Our report received by cable
to-night from Manchester states that the market is quiet
for yarns and steady for shirtings. Manufacturers are working at f s ir profit.
give the prices for to-day below and
leave those for previous weeks of this and last year for

We

comparison.
1904.

9\lbs. Shirt- Oott'n
32« Oop. ings, common Hid.
Twist.
to finest.
Uplds
Uplds

81* lbs. SMrt- Oott'n

32( Oop. ings,
Tunst.

My 19

708

26
J'ne2
" 9
" 16
" 23

711i6«8l3
7^8 ®811i6
79i ©8918
7ii,6»8i«
8
98^

••

W.

P. Barbot.

&

This

is

the opinion of the offlolals in the

Governmeut

Irriga-

Department.
SHIPPING) News.— As shown on a previons page, the
exports of cotton from the United States the past week have
reached 82,198 bales, The shipments in detail, as made np
from mail and telegraphic returns, are as follows:

tion

Total
Liverpool, per steamers Baltic, 165 upland
and 159 Sea Island
Oedric. 7.314 upland and S07 Sea
Island
Victorian, 292 upland
To Hall, per steamer Idaho, 661
To Manchester, per steamer Calderon, 1,748 upland and 30
Sea Island
To Glasgow, per steamer Columbia, 107
La BreTo Havre, per steamers British Empire, 2,607
tagne. 2oo foreign
To Bremen, per steamer Kurfuerst. 214
To Antwerp, per steamers British Empire, 1,087.... Vaderland. 260
To Copenhagen, per steamer Helllg Olav. 200
To Genoa, per steamer Koalg Albert. 1,876.
To Naples, per steamer Konlg Albert. 3C0
.._
To Japan, per steamer Icdrasamha. 65!
Nbw Orleans-To Liverpool- June 19-Str. Chancellor, 6,975
To London- June 21— steame r Ooionian, 2,oo0
To Belfast-Jane 17 Steamer Inlshowen Head, 2,250
To Havre June 19 -Steamer Helvetia, 2,8il)5
To Bremen-June 23 Steamer Undaunted, 3.23i
To Hamburg- June 22-8teamer Montatik Point, 3,529
To Antwerp - June 21- Steamer Colonlan, 50
To Barcelona-June 19 - Steamer Conde Wllfredo, 639
To Pasages-June 19— Steamer Conde Wilfredo, 253
To Venice- June 17- Steamers Cayo Bonito. ftO; Margherita, 2,8 00.... June 21- Steamer feresa. 1,250
To Trieste-June 17 - Steamer Cayo Bonito, 1,«50
Mobile— To Bremen- Jane vi2— Steamer Viile de Ronen. 3,527
Pbssaoola— To Havre- June 22- Str. Cayo Domingo, 8.277...
Wilmington— To Liverpool— June 21— Steamer Roda. 8.446.
Bostow— To Liverpool June 16— Steamer Sachem, 1.5*4
Juoe 20-8teamer
Jnne 19 Steamer Saxonia, 1,544
Devonian, 8i
June 21— Steamer Arabic. 87
8ALTIMORB—To Liverpool- June 16-Steamer lodore, 5,369...

New York— To

.

bales.

8,737

661
1,773

107
2,807

214
1,347

200
1,876

300

6M

6,975
2,000
2,250
2,895
3,231
3,529

50
639
253
3,800
1.450
3,527
2,277
8,446
3,216
5.3t59

common Mid.

to finest.
s.

d.

8.

d.

d.

d.

d.

8.

«838 4 2ifl®6 1li« 4-39 10 -910^
4-61 10 «10\
4 3 ^7 1
4-70
4 3ifl®7 2
9»fl« IOI4
4-73
9149 IOI4
4 3ifi07 2

6

6
6
6
938a>ioie 6

d,

B.

4 ®9
4 ®9
li9«9
lifi«9

d.

6

6
2
3

A.

7-36
7-12
6'72
6 68
6-38

lOO

Philadelphia -To Liverpool— June 16-Str. Haverford, 1,747
3AR f RAWOI8OO— To Philippines- June 17 Str. China. 2.';o
To Japan -June 22 Steamer Queen Alexandra, 4,742
Seattle to Japan— June 20— steamer St. Helena, i, 225
tAOOMA—To Japan— June 20-8teamer St. Helena, 4,519

„

Total..
d.

O. Mlllett,

To Bremen- June 20 -Steamer Chemnitz, 100
1905.

d.

Frank

Egyptian Cotton Crop. -Under date of Alexandria, June 3,
Messrs. Choremi, Benachi
Co. write to their Boston branch
as follows :
The growing crop Is progressing more favorably and we hare nothing particular to add to our last report. The weather continues hot
and is seasonable for the young riant. The Nile rise is a very poor
one, but owing to the rotation now in force it is consldir^d that the
supply of water will just be snfflolent to save damage from
drought.

Total all1904-05..
1903-04..
1902^03..

2631

1,747

2?0
4,742
2,225
4,5i9

82,198

The exports to Japan since Sept. 1, 1904, have been 299,065
bales from Pacific ports and 6,569 bales from New York,
LiYBBPOOL.— By cable from Liverpool we have the following

statement of the week's sales, stocks, &c., at that port.
«9 3
®9
614
June 9 June 16
June 2.
Government Weekly Cotton Report.— Mr. James Berry,
United
Division
of
the
States
Chief of the Climate and Crop
41.00{
23 000
46.000
Sales of the week...... baleu>.
48.000
Weather Bureau, made public on Tuesday telegraphic re1,000
1,000
1,000
2000
Of which exporters took. ..
8,000
2,000
1,000
1,000
Of which specnlators took.
ports on the crops in the Southern States for the week ending
40,000
20.000
...^
87.000
Sales American
42,000
June 19, eummarJzing them as follows:
7,000
4,000
3,000
8,000
kctnal export
4
4

3

f»7

1

4i«07 2

483

5 05

9i«®

9''8

6

I

m

Further IDD pro vement In the oondltlon of cotton Is very generally
Indicated thronghoat the cotton belt. The crop la now In a good stat*
of caltlvatlon, althooKh some Holds oontlnne foul In portions of the
central and western districts and in Florida. While, as a rnle, good
growth is reported, the plant continues small. Lice are etill prevalent in North Carolina, Dut are less numerous in Soa'h Carolina,
Georgia and Alabama. Considerable damage by web-worms is reported from Oklahoma add Indian Territories, where some fields are
being devoted to other crops. Boll-weevUs are spreading in Northeastern Texas, bat generally the damage is not great.

New York Cotton Exchange Committees, Etc.— At a
meeting of tbf* newiy"- elected Bosird of Managers of ttie New
York Cotton Exchange, held on Monday last, Mr. William
V. King was re-appolnted Snperinteudonc of the Exchange,
and the foUowing committees were selected
ExECUTiVB— Henry H Wheeler, chairman; Richard A. Springs, John
E. G. Hlegena, Charles W. Lee, James W. Wenman.
PiNANCB— John E. G. Hlggens. chairman William P. Jenks, John

80,000
831,000
755,000
95,000
90,000
205,000
187,000

Forwarded
Total stock— Estimated
Of which American- Est'd.
Total import of the week.....

Of which American
(.mount afloat
Of which American

........

71,000
832,000
757,000
79,00(.

69,000

23 1,00c
213.000

97.000
845,000
774,000
140,000
127,000
188,000
164,000

48,000
811,000
737,000
29,000
26,000
257,000
237,000

The tone of the Liverpool market for spots and futures
oioh day of the week ending June 23 and the daily closing
nrices of spot cotton, have been as follows.
Sat'day.

Spot.

Market,
a^:30p. m.

Monday. Tuesday Wed'day. Thursd'y] Friday.
Fair
Moderate Moderate boslness
Moderate
d«inaDd.
deiuanf!
demand.
dOlDR.

Qnlet.

(

^

Mid. Upl'ds.

4'99

4 95

4 98

4 91

505

7,000

8.000

12,000

500

500

10,000
1,000

8,000

600

;

Grierson. AlberB L. Rountree. ex-oflloio.
SnPERVJsoRY—James F. Maary, chairman; Richard A. Springs, La-

mar L. Fleming.
Bt Laws and Rulbs- Albert

L. Rountree, chairman ; Heimann
Lee, Walter C. Hubbard, ex-offloio; Edward M.

Hagedorn, Charles W.
Weld, ex offlolo.
Lkoislation— Walter O. Hubbard, chairman Lamar L. Fleming,
Richard A. Springs.
Trade— Wiiilam Witherspoon, chairman Charles M. Calhoun,
Charles Stillman, Clement Moore, John Tannor, James Blordan, Benjamin R. Smttti.
;

;

Snles
« 160.

A exp.

Futures.

Market
)pened.

U

o

600

go
!

Excited at Qalet at
l

)

14016

I

i p. H.

^

pts.
deol'.ne.

tdranoe
ateady

Market.

ea?

ptf.

Firm at

at

13(316 pt«. l(&a pti.
deollne.
advance.
1

Quiet

steady

6^7

H&l

at
pts.

decline

Qalet at

536

pti.

decline

Steady at

at

7e8

pts.

pti.

adTsnoe.

decline.

Stronsrat Steady at

6@8

pts.

»ii»Br.or<.

!

1(36 pti.

adTance.

—
. .

.

THE CHRONJCLE.

2632

prices of f atnres at Liverpool for each day are given
below, Prices are on the basis of Uplands, Good Ordinary
clanee, unless otherwise stated,
t!F 7Ae prittt are given in pence and 100(A. TAut ; 4 85 meant
4 8il00d.

The

iriou.

Sat.

June

Tues.

June 19 June SO June

17.

12^

4

4

1S>«|

P.M. P.M P.M. P.M,

d
J one- July...
July- Aug. ..
Aug.-8ept

o

C

.

B«pt.-Oot..

Oot-NOT—..
NOY.-Deo. ..
Deo. -Jan....
Jan.-Feb
Feb.-Hoh. ..

Hob.

d.

4

4
4
4

April..

April May..

8.'^

84
84
83
83
83
82
82
83
84
85
85

12^

4

12h|

4

X2H

4

M. P M, P.M. P.M, P.M. P.M.

r>

d.

4 8« 4 8114
4 85 4 80,4
4 85 4 80 4
4 84 4 79 4
4 84 4 78 4
4 84 4 78 4
4 84 4 78 4
4 84 4 78 4
84'4 85 4 79 4
85 4 86 4 80 4
86 4 86 4 80|4
87 4 87 4 814

85
85
81
83
83
83
4 83
4 8S
4
4
4
4
4
4

.»

Jane

Frt,
June 22 June 23

21.

d.

d.

d.

d.

180 4 79 4 77
80 4 78
179 4 78
4 78 4 77
4 78 4 77
4 77 4 76
4 77 4 76
4 78 4 76
4 79 4 77
180 4 78
181 4 79
181 4 80
4

4 77

4 76

75
76
74
74
74
75
76
4 76
4 77
4
4
4
4
4
4
4

4
4

4
4

d.

86 4 91
86 4 91
85 4 90
84 4 89
84 4 89
83 4 89
83 4 83
83 4 89
84 4 89
84 4 90
85 4 91
86 4 92

d
90
4 90
4 89
4 83
4

4
4

4
4
4
4
4

88
88
88
88
8S
89
90
90

BREADSTUFFS.
Friday, June 23, 1905,
volume of business has baen transacted in
Kansas straights and firm prices have been paid there also
fairly full

;

has been moderate buying of winter-wheat flours at a steady
basis of valaes, but the demand for spring-waeat fl mrs, particularly patents, has dragged. As, however, there has been
no presBure tn move supplies, prices have been well maintained. Rje fljur has been in moderate demand and firmer.
Corn meal has been firm but quiet.
Speculation in wheat for future delivery has been moderately active but the course of prices has shown some irreguNear-by deliveries have been firmer, reflecting the
larity.
firmness of the market for cash wheat based on the strength
of the statistical position. Shorts of July delivery have b^en
reported steady buyers to cover sales and this demand
New crop dehas carried prices to a higher basis.

During the week
show fractional declines.
were circulated of damage to the growreports
HturvestiDg
ing crops, but they lacked confirmation.
returns from the winter-wheat belt have been generally
favorable, reporting full yield and of good quality, and the
spring-wheat crop in both the United States and Canada h^s
been reported as makiag good progress. Advices received
from Europe report prospects favorable for full yields from
the grain crops. The spot market has been firm but qnie'.
To-day the market was fairly active and higher on uulavo able weather reports from the harvesting districts and a comparatively small crop estimate. Toe spot market was q lie'.
NK
OAILT OUHOMO FUOBBOI' WHBAT rUTDBBI
.
liveries

W YORK

n

8at.

iro.2 red winter, t.o.b...
July delivery In elev
Sept. dellv. In el»v.
Deo. dellT. In eley

107is
937g
88''8

88\

Mon
106ia
93i«
88

88

Tuet.

106i«
94ie

88^
88^

DAILY OLOSDIO PBIOKB OF WHEAT rUTDBBS
Tut*.
Sat
Hon.

Wed.
105i«

Thur*.
10.M4

Fr%
10514

9^^
HS^
8&^

9^^

9i^
88%
8^

89ae

a9^

» OHIOAeO.
Wed

Thur$.

tr-

89i8
SS^g
90
91^
69^
8778
Jnly deUT. In eiev
84i«
84''8
85'«
83\
84%
Bept. deUvery In elev.... 85
85i«
83*^8
84
84%
85
Sa^a
Deo. delivery In eley
Indian corn futures have received a moderate amount of
speculative attention. Prices for this crop deliveries have
been firmer, while for new-crop months they show fractional
declines. Small stocks at the primary markets aie reported,
and this, with a steady cash demand, has served to create
considerable uneasiness among July shorts, particularly in
the Chicago market, and they have been buyers to cever
contracts. Weather cooditloDS in the corn belt have been
reported generally favorable for the growing crop, which
has made fair progress. The spot m>irket h^is been firmer

but quiet. To-day the market was easier, under favorable
weather conditions for the growing crop and a falling off in
the caih demand.
DAILT OLOBIMO PKIOBS OF HO. 2 MIXED OORM IH
¥ORK.

NEW

Oastaooml. o. b
July dellT. In elev
Bept. delivery

Bat.

Mon

Tue*.

Wed.

Thur*

61

61>4

6II4

61%

61%

68''8
SROs
60
60
58i«
57^8
ST'a
SS'^e
PBIOBB OF NO. 2 MIXED CORN IH

60Hj

m eley.

DAILY 0L08»0

58%

Tuet

Jnly delivery In elev
Sept. delivery In elev
Deo. delivery in elev
May dellv. in eley

5414
52b«

53>«
f>lH

54%

48''8

48''8
43''8

49

BcU.

No. Z mixed, f. o. b
Mo. 2 whitcoltpped.

I.o.b.

Mon.

36

3!>^

38

88

luti.

zm
88

Wed.
SS^t)

88

88

Barley—West

ending June 19 as follows:
Corn.— Except In Eaatern'Mlssoarl and Central and Soathem Illinois,
corn has made good progreea ttiroaghoat: the com belt. Oaltlvatlon
has been brought ap to date exoept in portions of Miohlgan, Wisconsin and Sintb Dakota. In the Sonthern States, while treaerally doln<
well, corn is in need of rain la many sections. la the Middle Atlanti}
States the crop has experienced a decided Imptovemeai.
WisTEK Wheat. -Winter wheat has progresned nnder fayora'>le
conditio as, and harvesting is now well advaaced la Ka <aa8, Mlssoarl
and S9athern Illinois, and has began In lodlana and Marylaai. The
rep irts from the sonthern portion of the wheat area generally tndloata
ylttlOs lighter than were anticipated. Fair yledt) ot goo t qaalUy are
reported from Oallfornla; and in Oregon anl Washington thd crop hsu
made good Drogress.
Spbiho Wheat.— In portions of Wisconsin and Minnesota dry
weather 1a needed for spring wheat, bat this crop has generally made
very satisfactory progress t&roaghoat the spring wheat re«l>a and is
beginning to head la the sonthern portion. Very favorable reports
respeotlncr spring wheat also continne from the North Pactff ooaat.
Oats.—The narecrop has suffered to some extent from excessive
moisture In Wisconsin and MInnesotft. rast in doathern Iowa, rank
growth In Northern Illinois, and drought tn Sonthern lUin^ts, bat la
the^'C States and generally elsewhere tha coadiaon of the orop la
promlBlng. Oata harveat la in prograea as far north as Missouri.
The movement of breadstuff s to market as Indicated in the
statements below Is prepared by as from figures collected
by the New York Produce Exchange.
The receipts at
Western lake and river ports for the week ending June 17
and since Aug. 1, for each of the last thren years have been:
1

cUetiptt

at—

MllwaokM..

DolmU

SB

Barley.

Oatt.

30.000
97,680
52,883
063,610

91,800

MlnneapoUi.
Toledo

63,25)
68,780

333,080

167,200
16,148
121,220

8,000

U3.030

233,000

••••••

33,000

29,700

150,122
335.4 M)

12S.60C.

43,33

Detroit

B.lOO

Olereland ...
3t. Lonls....
Peoria

1,820

ie,»oo

36.4=!0

08,883
8,800

222 000

253,478
210.840
226,4)0

266,000

284,000

00,000

1,639,530

3,828,602

8.041.785

1,812.5U

8,088.70

^

2,840.733

2.013,018

3,912,068

8,262,806

10,660

Sansai Olty.
Tot. wk. 1006

206,018
307,317
833,183

lame wk. '04.
4am8wk.'08.
Hinet Au«. 1.

16,191.703 108.002,862 167,600.026 148.414.003
17,6i0.385 206,103.99} 156.142,280 116.535 40D
18.368.889 23'i.m 712 147,163.314 17O,';0J.406

1901.6

1903.4
1908.S

Bv*.

BiMh.33U)s BtuKiaibsBuAOlbt.
2,085.000
1.403.560
330,418
20,000

Bush.«(ili>s Bus7i.ee Iba

111,902
S8.675

ChleaKO

Com.

Wheat.

Flour.

BbU.lMlbi

22.100

6,300
1,700

18,6 :o

877,630
511,975
652,006

65,400
75,714

180.465

62,015.213 6,444,033
63.513.443 7,420,470
63.643.060 0,790.073

Total receipts of flour and grain at the seaboard ports for
week ended June 17, 1905, follow:

Gbe

Wheat,

Flowr,

at—

Reeeiptt

New

York.

00.324

.

Boston

Portland, Me
Philadelphia.

Baltimore

.

11,*]^2
,

......^

^

.

Richmond
New port Newi ,. »-m

2«,5 '0
28.422
2,2)0

.

.

Galyeston
Montreal
Mobile

•

3.2r0
261,476

-

17,412
l.l0i
"187.880
834,001

Total week..

WeeklV04

643.887
760,791

Wheat
Kye
Total grain

Rv»
bush.
1,000

'81879

800

73.418
23,444
IO.J.000

..•

76 000

....

813.009*

181.314
11,650
1,041,820
783,02l

10.037

6.830
1,270.301
8^:8,287

101,667
29,318

1.000

June 17 compare as
1903.
9,782.963

1002.
0.430,011

49,161.115
H.9i6.372
20,476,216

606.858

46.875.3j0
59,83«.143
25,l2t,e83
2,081,257
8,720,000

71,194.081

135,033,703

82,432.810

4,700,019

8.C91.H47

bush. 10,132.196
bush. 67.a-<«,705
bush. 21.56),027
bnsh. 3 76H,S32
198,342
bush.

20.64!, 801
89.0s6,317
lH,8ai,ui0
1.730.7 .'6

bush. 82,934,802

bbls.

Barlty,
bush.
0S,7J0

,

137.050

0,S26

Orleans'..

Oats,

hush.
603 200
110,196

47,311
78.4«!
60,424

3 426

.

New

Corn,
bush.
4t8.e76
101.283

bush.
100.300
16.40)
101,382
14.372
8.a07
36,096

bbls.

Klour...

SS^s

949

41

58^4

FH

77 984
Nominal
46 955

Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the &:rain crops in the various States for the week

4889
48I4

Thuro.
35>e

b.61
b.e2
b.61i«

f.

Feertlne

48'8

43%

o.
o.
f. 0.

f.

State and Jersey....

Total receipts at ports from Jan. 1 to
follows for four years:
1005.
1004.
Receipts of-

Oits for future del very at the Western market have baen
fairly active and prices have advanced.
Prominent interests have been buying, and reports have been circulated of
less promising prospects for the growing crop.
An acilve
cash demand at firmer prices also has had a strengtheniog
eStiCt upon values.
LociUy the spot market has been moderately active and firmer. Today the market was firmer on
unfavorable weather reports.
DAILY OLOailia PRIOB« OF CAT! IH NBW^ YORK.

c.

961

Government Weekly Grain Report,— Mr. James

53%
62%

49

No. 2 mixed
No. 2 yellow
No. 2 white
Eye, per bosh—
Western

86 940ifl
Nominal.
Nominal.

No. 2 mixed...
No. 2 white

0.

66

Western mixed.....

f.o.b.lS0%
f.o.b.llS%

White

54%
SSk

48i8

Oom, per bash—

0.

N. Dal., No. 2
Red winter. No. 2.. f.o.b.lOSi*
Hard winter. No. 2. f.o.b.Nom.
Oats—Mixed, p. baah. 35 936

Onts
Barley

48'8

0.

N.DuL.No.l

C-rn

Thuri.

5J

GHAIH.
Wlieat, per bnsii—

Fri

Wed.
5438
63i«
4858

sm

3W

61
59^4

Fr\.

CHIOAOO.

Mon

Bat.

DAILY OLO8IMO PKI0B8 OF HO. 2 MIXBD OATA IH CIII€A«i4>.
Sat
Mon.
Tuet.
Wed
Thurt. Fr%.
Jnly delivery In elev
31Ta
31
3l3n
32^
««pt. delivery In elev.... 293i8
29 1«
30 14
a9%
3038
May delivery In elev
3108
31%
3214
S3
33 >4
321s
Following are the closing quotations:
FLOUE.
ff1ne....._
92 90 «3 20
Patent, winter
$5 00 9540
Superfine
3 30 «3 60
Olty mills, patent. 6 Oo 96 40
Extra, No. 2....... 3 65 •3 85
Boor,
saperfine
Rye
4 25 94 90
Extra, No. 1
3 90 94 00
Bnokwheat floor.. Nominal.
Ulears
4 10 94 30
Oommeal—
Straights
4 SO 95 10
Western, eto..^. 2 85 92 90
Patent, eprlng...^. 5 65 96 85
Brandywlne..... 2 90 93 CO

4

Jute Bags, Bagginq, &c.— Thb market for jute bagging
has been devoid of animation the past week, with prices nnchanged at 65^0. for 19^ lbs. and 6^3 2. for 2 lbs,, standard
grades. Jute butts continne dull at l)i@l^c. for paper
quality and 2@23^4C. for bagging quality.

A

fVoL. l.iiX.

l,473,l-<4

1,447,933

The exports from toe several seaboard ports for the week
ending June 17, 1905, are shown in the annexed statement:
Wheat,
Exports

from—

New York

Me.

Portland,

Boston
PhiUdelpbla

bush.
15.007
101,388
10,' 91

Newp'rt News
..

"6'.9'9'7

374,216

Mobile
TotHl week..

time

'01.

Flour,
bbls.
2:i,oaj

''e'.Ms
18.313
8.7 -(4
8.42'«

NewUrleans

Sitiue

iesVaod
'69.022

Bulilinore

Moutreul..

Corn,
bush.
323.086

601,696
«90,SS9

166,351
11.650

4,5U5
9.3UV
1.108

74)896

"74,148

30},&13

139 263

Oats,
bush.
141,510

Rye,
bush,

Barley,
bush.
121.633

Peas,
bush.
3,138

10,000
21,334
102,000
S3
852, ')32

41,856

5.250

939.149
02.310

166,491
l,0i3

8,188

1

.

June
The
Jnly

1,

:

THE CHRONICLE.

24, 1905.]

week and

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

sicce

Flour.
Wheat.
Corn.
Export* !ot
Week Since July
Weeh Since July
Week Since July
week and tince Jxme 1
1. 1904.
June 17. 1. 1904. June 17.
1, 1904.
July 1 to—
bbls.
buih.
bbls.
bush.
bush.
btuh.
United Kingdom. 80,^89 2,984.034 501,Ma 12,131.293
467.701 35 9l».l2l
Continent
13,898 1.108,483
1,337,201
221.924 43.076.840
742,8(^2
6UR.964
8. & C. America.
13.7 1
3l,6i7
3.360
,

West Indies
Br. N.Am, Colo's

12
400
13a

16,."

other coontries.
Total
Total 1603-04...,.

74,148

«

.

1,03?.468
110,686
322.228

6.24«.6e5

139.lt65 14.X30.027

.

.

20.864

"2.370

S3,114

601.586
690,669

13,624.269
60.089.112

1,242.000
164.953
93.060

743.899 81,090.621
808 513 05.329.669

The visible supply of grain, comprising the stocks in
granary at the principal points of accamalation at lake and
seaboard ports, June 17, 19G5, was as follows
In

store

ot—

New York
Do

Corn
bush.
91,000

114,000
2S,00O
43,000

72,000
9.000
141.000

BarUv

Ryi,
bush.
147,000

bush.
63,000

5tJ,000

18,000
88,000
187,000
4J.0JU

22t<,c00

89,000

iisVo'co

17,000
829,000

161,000

44,000
872,000

436,000

66,000

168,000

386,000

1.000

116,000

8.000

1,000

7,000

923,000

355,000

886,000

90.000

l.OCO

260,000

23,000

147,000

2,000

121,000

903,000

i26,o66

ii'e.'ooo

6,9S8,000
1,431,000

85,000
29,000

1,894.000

20,000
4,000

127.000
12,000

333.000
1,000
41,000

63,000
61,000
160,000

67,000
172,000
26,000

3,006

"2V066

815,000
104,000

1.610,000

eo6.ooo
182,000

June 17, 1906 16,782,000
June 10. 1906.1H,166.000
June 18. 1P04 16,348.000
June 20. 1H03 18.8h0.000
June 21, 1902.^1.036,000

2,921.000
3,:«8,000
!^, 123.000
6,410,000
6,189.000

Orleans

Galveston
Montreal
Toronto

Do

afloat

169,006

afloat

Detroit

Do afloat
Chicago
Do afloat
Milwaukee
Do
afloat
Fort William.
Port Arthur
Duluth

Do

2,629,000
761,000
1,176,000

afloat

Minneapolis
8t.TjOul8

Do

aoo.ooo

afloat

Kansas City
Peoria
Indianapolis

On Mississippi RiT
On Lakes
On canal and river

.

.

••

-

846,0i'<l

7,338,000
4,b37,000

875,000
87n,000
76S.000
eus.ooo

2,048,000

26,000
126.000

• •

7,I0'',000

4.1-i7,000

ings to the Red Sea have been reportf-d, but apart from tais
the export business has been practically nil. A feature of
this division, however, has been some inquiries from Chin*
for as light as 6'50-yard sheetings, which is lighter than that
country has ever before sought here. Bleached goods have
been slower but remain firm with medium counts in particularly small supply. Gray goods are higher and bleached
handlers not having covered their requirements in full are
occasionally not in a position to grant required deliveries at
current prices. Wide sheetings, sheets and pillow cises are
firm at the recent advance and stocks are in excellent condition. Coarse, colored cottons are alt firm and are well sold
ahead. Kid-finished cambrics are higher and the demand
shows some improvement. Purchases of prints have been on
a larger scale and stocks are becoming smaller. Ginghams
have met with a fair inquiry and are firmly held. Print
cloths are materially higher and sales of both wide and narrow goods have been satisfactory. Regulars are now quoted
at 2^0. bid and 2J^o, asked.

Woolen Goods. —Considerably more

41.000

....

Toledo

Do

'y.bdo

40,000

Buffalo

Total
Total
Total
Total
Total

Oat$,
bush.
8'<8,000

afloat

Boston ....
PhUadelpbla
Baltimore

New

Wheat,
bush.
85«,000

773.000
1,007.000
1.291.000
974,000
281.000

THE DRY GOODS TRADE.
New York, Fbiday, P. M., June 23, 1905,
The cotton goods market has continaed to gain strength
during the past week and prices are quotablv higher now
than they were at the last writing, Bayers have serionsly
commecced to realiae the diffioalty of obtaining the required
delivery on goods that they need and at the present time are
bidding against each other in order to secure them. The
gtatietical position of most lines continues to be the main
feature of strength, but while the raw material situation
does enter so much into calculations,[yet any further advance
in this would render the goods market somewhat dangeroop.
The fear that is mostly expressed is that sellers may be inclined to take such advantage of the present soarcty that
they will advance prices beyond the safety limit and thus
bring about a reaction. Individual orders during the week
have not been large, but the aggregate has been satitfactory,
and this new business with that placed recently is sufficient
to keep the mills busy for some time. Snould the export demand revive, of which there are at present very slight prospects, there is no doubt that still higher valaetj will prevail.
At the present level there are few manufacturers who are
desirous of contracting far ahead, and as far as that goes buyers are adopting the Eame policy, although there have been
a few further orders placed for fall dtiilvery. In the woolen
goods division further lines of men's wear light- weight goods
have been opened, but these continue to consist of low-grade
goods.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending June 19 were 3,088
packages, valued at |I89,948, their destination being to the
points specified in the tables below:

interest is being
in the new lines of men's-wear light-weight goods»
and many additions have been made to these during the
week. Practically all of those that have been opened so far
are under a dollar a yard, and while it has been said that buyers ofcheap goods are not yet ready to operate extensively, yetseveral agents report a fair-sized business up to the present
time. It is as yet too early to show high-price fabrics, and
until this is done it will be Impossible to properly gauge the
market. Prices are being very closely watched, and owing
to the situation of the raw material market, it is safe to predict that buyers will pay an unusual amount of attention to
the quality of the fabrics offered for sale. The question of
the probable relative popularity of woolens and worsteds is
responsible for a good deal of discussion, and in some quarters it is believed that there will be a strong reaction in tavor
of the former. This is based to a great extent on the fact
that woolena of all grades can be produced at a relatively
cheaper cost than can the same grades of worsteds. As far
as colors are concerned, it is already evident that grays will
be extremely popnler. The heavy-weight season Is ending
but re-orders continue to be received, and it is expected, that
before the buying is completed prices will be again advanced.
Dress goods show little change from last week, and business
on the whole continues satisfaotory,

shown

FoREiGx Dry Goods.— Imported dress goods continue to
fair quantities and the volume of business is

be ordered in

satisfactory to importers. Linens are slow, the season being
now practically over. Silks are in fair request but ribbons
are quiet. Burlaps are firm and prices have been slightly

advanced.

Importatlona and l¥areIioase W^ltbdra^vala of Dry Good*
Thelmportationsand warehouse withdrawals of dry goot's
at this port for the week ending June 22, 1905, and since
January 1, 1905, and for the oorresponding periods of last
year are as follows:

5

1904.

1905.
Week. Since Jan.

Oreat Britain.
.....
...
Other £aroDean. ............
China...
India

98
17

Arabia... ............ .........

Africa

W68t Indies.
............
Olexloo. .............. ........
Central America............

South Ainerl(5a...... ........
Other Conntrles ............

1)2
573
1,237

436

1.

Week. Since Jan.

640

18

35 2

1

354
461
33,596
4,264

67,009
8,571
12,493
5,160

""s

13814

4S0

11,4'^3

333

18

9,060
28,134
9,337

242

1

1.

.^64

844

4,537
9,372
1,097
6.795
26,127
7,767

B

t
M
m

....

3,088

155,993

l,f40

105,793

New

York exports since Jan. 1 has been
of these
|8,303,3S7 in 1905, against $5,941,145 in 1904.
The buying of heavy-brown drills and sheetings has not
The value

been heavy during the week, but converters have continued
to cover their requirements in a moderate way. Prices remain very firm and there seems no probability of any reaction for some time to come, owing to the well-soldnp condition of the various lines. Converters have also been In the
market for light-weight goods, and anything from 4 to 6-yard
sheetings have been io good demand with continued scarcity
few sales of 3'50 yard sheetin practically every variety,

A

?
811k

§:
S:

Si
s;
a,

W

:

§:

:

:

•

B

:

!

I

!

*<

iliiii
iiiii?

iiiril
*

1

V

f^i

•

•

.

a

,
.

2
w

:

1

.

,
.

•

.
a

:

Cotton

Wool

MlfloellaneonB

Manofaotnres

1
g

,

B%
Qd»&
9
B?

Pi

.
*

b":

•

c
•
•

i

!

I

6.

•

T

!
.
a
a

liiiiT

9

^

tM

OO

05H-

a
w
f

tj'.©

CO

o
05

eoi-"

ODCO

1
1

(fl

W<<I
O'l-

QDCJIOCOCO

M06WMM
CCCOtOCOi^

w

M MM M
O
M
00<10«005
<»v>

<0

ta
05
o<

OeS

05

C»M

vX>

OU<05<0«
<i-aao5co
05i^«10JO

«!)-•

taco

osV
-JO

«0

0)»o

CO

Vi'tfi

M

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2633

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— —

:

THE CHRONICLE

2634

gti^TE

/^w City D^f^WMtfiT.
Index.

4^^ conpon bonds

(series E). Denomination, $500. Date, June
Maturity, $2,000 yearly on June 1 from 1924 to 1928, inclusive.

Items.

Miuneapolis.— iVew Systemof Accouiiti ng.— M-bbstb. Jones,
Co., certified public accountCaesar, Dickinson, Wilmot
ants of this city, have recently completed a report on the
finances of the city of Minneapolis for 1904, based on a system of accounting previously instituted by the firm. This
report has been published and copies of it are obtainable
upon application to Joshua Rogers, Comptroller of Minneapolis, or at the auditing concern's oflfices at No. 54 William
Street. The arrangement of the general balance sheet is, it
is believed, the first example in this form of such a statement
ever presented by any city in the United States, The general revenue and expense account sets out the revenues and
expenses classified to the various functions of the city
administration in accordance with the plan adopted by
the CeDBUS Bureau and National Municipal League. The
financial statement of funds, statement of expenditures, fund
revenue and expense accounts and appropriation statement,
given separately, are very comprehensively arranged.
Co. accepted the
Messrs. Jones, Caesar, Dickinson, Wilmot
contract in November, 1903, to reorganize Minneapolis's en-

&

&

accounting and bookkeeping system and establish its
finances on up-to-date and sound business methods. We look
to other important cities to follow the example set by Minnetire

apolis.

Pittsbnrgrh, Ta.—Conscliiation Enjoined.— On June 22
Justice Mestrezat of the Supreme Court handed down an
opinion declaring unconstitutional the Act of the Legislature
passed April 20, 1905 (known as the Cook bill) providing for
the union of the cities of Allegheny and Pittsburgh, and
issued a perpetual injunction enjoining such consoiidation.
The Act referred to was to become effective only after both
The Supreme
cities had decided upon it by popular vote.
Court holds that this law is special legislation and violates
Article 8, Section 7, of the Pennsylvania Constitution,
WisconsJu. Legislature Adjourns, After being in session
twenty-three weeks the Legislature of this State, on June 21
at 12:10 o'clock, adjourned sine die.
,

—

Sond Proposals and Negotiations

who

offered a premium of $176.
AnbDrn, Me. Bond Offering, Proposals will be received
until 3 p. M June 27, by A. C. Sprague, City Treasurer, for

—

—

,

the following securities: $15,000 3}4% municipal refundingloan bonds; denomination, $500, and $58,000 33^^ municipal
water-loan refunding bonds; denomination, |l,000. Both
issues are dated July 1, 1905, and interest is payable semiannually. Securities will run 20 years. Present bonded
debt, $307,200. Assepsed valuation, $6,610,030.
Ballard, Wash.— Bonds Voted— Bond offering. We are
advised that the vote cast at the election held May 27 for the
issuance of $75,000 gold coupon funding bonds was 105 to
32, and not 99 to 86, as stated in last week's Chronicle.
Proposals will be received for these bonds until 5 p. m.,
July 11, by J. Murdoch, City Clerk. Danomination, $1,000,
Ddte, Aug, 1, 1905, Interest, at not exceeding 5^, payable
semi annually at the Washington fiscal agency, New York
City, Maturity, Aug, 1, 1925. Certified check for 2^% of
the bid required. Parchaser to furnish blank bonds.
Baltic (80. Dak.) School District.— Bond Sate,—
are
advised by an official of this district that the $2,500 building
bonds mentioned in V. 80, p. 2474, will not be offered for sale,
as the money has been obtained from the State School Fund

—

We

at

5;^

interest.

Me.— Bond Sale.— It is stated that the $500,000 i%
80-year refunding water bonds described in V. 80, p. 2474,
have been awarded to Merrill, Oldham
Co. of Boston,
Bangor,

&

Bethany, Harrison County, Mo. —Bond SaZe.—T bis city recently awarded, according to local reports, $2,500 ho^e-house
and $8,500 water-works 5^ bonds to the Little & Hayes Investment Co. of St. Louis for $363 premium and lithographed
bonces.

Bolivar (N. T.) School District.— Bond Sah,—Oa June 19
the $25,000
1-25 year (serial) school-building bonds, described in V. 80, p. 2414, were awarded to S. A, Kean, Chicago, for $25,625, Bonds are dated June 5, 1905,
Bostoa, Mass.- Bond i?ale,—Oa June 20 the four issues of
3}4i bonds, aggregatiog $3,90D,O00 (described in V, 80, p,
Co,, Harvey Fisk
2474), were awarded to Blake Bros.
Sons and Farson, Leach
Co, at their joint bid of 100'217.
Following are the bids:
Mackay & Co
lOO'll
Blake Bros. & Co., Harvey Flsk

H

Offering, — Proposals

be re
Alliance,
ceived until 12 m., July 13, by Cbas. O. Silver. City Auditor'
for $10,000 ^% water-system improvement bonds. Ddnomina*
tion, 1.000. Interest from July 22. 1905, semi-annually at the
City Treasurer's office. Maturity, July 22, 1925. Certified
check for|l,000 payable to the Treasurer of the City of AlliBlank bonds to be furnished by the purance required.
will

chaser.

Bond Offering,— As

Ansonia, Conn.

stated last week, pro-

posals will be received until 12 m., July 17, by the City
Clerk, for |70,000 i% school bonds. Denomination, $1,000.

Date, July

Interest, semi-annual.

Maturity, $8,000
yearly, beginning July 1, 1908, Accrued interest to be paid
by purchaser. Certified check for 2% of amount of bonds bid
for, payable to the order of the Mayor and City Clerk, re1,

1905.

quired.

The

official

bond offering will be found among
Department,
Bonds Voted.— Thla town on June 17,

notice of this

the advertisements elsewhere in this

AoBonTlIle, N.

C—

by

a vote of 110 to 12, authorized the issuance of $10,000 5%
60-year bonds in aid of the proposed Winston-Salem SouthBound Railroad. Date of sale not yet determined.

C—

AnsonTllIe Townsbip, N.
Bonds Foted.—This township, at an election held on June 17, voted in favor of a proposition to issue $15,000 6% 60-year bonds in aid of the pro-

Winston Salem South-Bound Railroad.
Ashland. Ohio.— Bond O/Terino.— Proposals will be
ceived until 12 M., July lO.jby M. H. Kagey, Village Clerk,
jected

the following securities

re-

for

:

(14,709 00 636 Btreet-lmprovement bonds.
Maturity, ttnt bond each
_ —V, -v^ "*"''
7,70D 00 5J street liuproveraeiit b )ii<l8.
1«05. Maturity, one bond each

Denomination, tl.OSO. Date, Jalr 1.
moiuhs beiflnnloK Mnr. 1, lHi)8.
Denoiulaatlon, $550. Date. July 1,
six months beKiuntnK Mar. 1, 19015.
six

Interest, semi-annual. Certified

check for 5% of the amount
bonds bid for, payable to the Village Treasurer, required.
PurchaRer to pay accrued interest. Authority, Section 2385
of the RevlHed Statutes of Ohio.
Aspinnall (Pa.) School District.— Bond Q/Terinflf.- Proposals will be received until 6 p. M,, June 29, by H. A. Stout,
of

Secretary of School Board, for the following securities, free
of State tax:
• 12,000

reRlBtorcd coupon bonds (series D). Dononilnitlon. $500. Date,
April 1. I«05. Maturity, 1 bond on April 1 from 11)11 to 1»1H, Inclusive:
4 bonds on April 1 from ltfl» to 19Z2, Inclusive, and 8 bonds on
April 1, l0«9.

4V(i«

&

&

&

I

& Sousaud Farson, Leacli'&Co. 100*217
& Co. and R. L. Day

Estabrook

&Co

100-19

|

I

Lee, Higglnson & Co. and Blod100-08
get, Merritt & Co

I

Mo.— Bond

8ale,—Oa June 16 $15,000 4^ echool-building bonds were
this
awarded to the Farmers' Bank, Bowling Green, for $15,801.

as follows

Ohio.— Bond

1905'

Interest semi-annually at the Commercial National Bank,
Pittsburgh. Certified check for $500 required.
Astoria, Ore.— Bond Sa/e.—Oa June 10 this city offered
",000 5;! bonds for sale.
are advised that the best bid
received was from Morris Bros. «fc Christensen, Portland,

BowIi»i? Green School District, Pike County,

week have been

1,

We

An index to all the news matter appearing in this Department for the period from Jan. 7, 1905, to April 15, 1905, Inclusive, wae published in the Chronicle of April 22, 1905,
pages 1500, 1501, 1502 and 1508.

News

$10,000

[Vol. lxxx.

Interest, semiDenomination, $500. Date, May 20, 1905.
annually at the Mercantile Trust Co., St. Louis, from July
Maturity, July 1. 1920, subject to call July 1, 1910.
1, 1905.
Brady (Tex.) School District.- Bond S^aie. -The $13,000
4i 5-40 year (optional) school-building bonds described io V.
79, p 2759, were recently awarded to the American Security
Co., C^dar Rapids, Iowa.
Bond Saie.— Following are the bids reBarliJigtoD, N.
ceived on June 15 for the $10,000 5;^ 30-year coupon elecfcriclight-plant extension boncis described in V. 80, p. 2232:
$10,201 On
Snasoneood & Mayer, Clnoin.$10,533 SO C. H. Coffin, ChloasfO
W
J. HayB»&Son», Cieve... 10,460 00 So. States Tr. Co., Charlotte. lO.lOJ 00
C. H. Webb &'Co„ Asheville. lO.lQO 00
Robinson-Humphrey Co.,;At10,365 00 F. L. Fuller & Co.. Cleveland. 10,000 00
tanta

C—

S.

A. Kean, Cbicago

10,230 00

Canandalgna Union Free School District No. 1, N. T.—
Bond Offering,— PtopoBa,\a will be received until 11 a, m.,
by Frank J, Sleght, Secretary of Baard of Eluoafor $80,000 i% school bonds. Denominatioa, $1,000,
Date, Jan 1, 1905. Interest semi-annually at New York
City. Maturity, $4,000 on Jan 1 from 1910 to 1929, inclusive.
Certified check for $1,000, payable to Frank J. Sleght, Secretary of Board of Education, required. Purchaser to pay accrued interest. Securities will be certified to as to genuineTrust Co. The disness by the United States Mortgage
Assessed valuation, $4,154,597.
trict has no debt at present.
Carbon Hill, Walker County, Ala.— Bonds Voted
June 12 this town voted to issue $25,000 5^ 20year electriclight and water-works bonds.
are adCarnegie, Pa —Bond Sale Not Consummated,—
vised that the $50,000 4^ general improvement bonds awarded
to Albert C. Case, New \ork City, on April 20, have been
refused, the purchaser's counsel declaring the bonds illegal
on the ground that the specific improvements for which they
are to be issued are not mentioned.
Carrollton, Ohio.- Bonds Defeated,—Thla village on June
17, by a vote of 63 to 113, defeated the proposition to issue
$15,000 electric-light plant bonds,
are advised that $7,600
Cedartown, bla.— Bond Sale.—
Q% school-improvement bonds, awarded, as stated in last
week's Chronicle, to the Robinson-Humphrey Co,, Atlanta,
at 113'125, are in denomination of $500, Date, July 1, 1905,
Maturity. July 1, 1930.
Interest, semi-annual.
Centralia(Mo.1 School Dislrlet,— Bonds Defeated.—T bis
district on June 6, by a vote of 132 for and 183 against, defeated a proposition to issue high-school bonds.
Ciacionati, Ohio.— Bond 8ale.—Oa Jnne 19 the $500,000
3J4« conpon terminal bonds described in V. 80, p. 1985, were

June

24,

tion,

&

—On

We

We

——
June

24, 1905.

THE CHRONICLE.

i

2635

Certified check for
to W. R Tcdd & Co., Cincinnati, at 100 125 and 20 years, subject to call after 10 years.
$500 rf quired. Bonded debt, this issue, Assessed valuation,
accrued interest. Following are the bids:
W. R. Todd & Co.. Clncln... 1500.626 00 Third Nat. Bank, Clncln.... 1500.500 00 $1,059,860.
500,275 «0
Prov. Sav. Bk. & Tr. CcCln. 600.800 00 SeasonKOOd * Mayer, Cln.
Eldon (Mo.) School District.— Bond Sale.— The $13,500 i%
Clorerdale, Sonoma Con nty, Cal.— Bond! Election. —ThlB school-building bonds described in V. 80, p. 2357, were
city on July 25 will vote on tne question of issuing $18,000 awarded as follows $10,500 to the Bank of BIdon at par for
41^ per cents and $3,000 to Franklin D. Harvey at par for 43^
sewer and $12,000 water bonds.
Coahoma County (F. 0. Clarksdale), SLiss.— Bonds Au- per cents. S. A. Kean, Chicago, bid par for the whole issue
thorized, The County Board of Supervisors has authorized of 5^ bonds,
Elkton, S. Dak.— Bond 0#crinflr.— Proposals will be rethe issuance of the $100,000 5% highway-improvement bonds
mentioned in last week's Chronicle. Denomination, |500. ceived until 8 P. M June 26, by O. W. Marshall, Town Clerk,
for the following securities:
Interest, eemi-annual. Maturity, 25 years,
$9,000 6% water-works bonds. Denomination, $1,000. Date, July 1, 1905. InterSprlnj?8
School
District,
Kao.
Samner County,
Conway
annual. Maturity, $4.ooo July 1. 1920. and $5,000 July 1. 1925.
Bonds Voted Bond Offering.— This district has autnorlz^d 6,000 5%est,
light-plant bonds. Denomination, §1,000. Date, July 1, 1906. Inter,
annual. Maturity, $3,000 on July 1, 1910 and 1916.
est,
school-building
bonds. Proposals
the issuance of $7,300 5%
for these securities will be received after July 1. DenominaA certified check for $900 required for the water works
tions, 14 bonds for $5G0 each and one bond for $300.
Date, bonds and one for $600 for the light-plant bonds. Purchaser
Jan. 2, 1905.
to furnish lithographed blank bonds.
Covington, G&.--Newa Item,— In answer to our inquiry as
Emer^OD, Pa. Bonds Defeated, This borough on June 18,
to wnen the election mentioned in last week's Chronicle was by a vote ot 23 for and 128 against, defeated a proposition to
to be held, the City Clerk writes us: "The issue of bonds is issue $10,000 sewer bonds.
not a certainty by any means. It now appears that the issue
Emerson (Neb.) School District No. 61.— Bond Sale.— On
June 15 the 120,000 5% school house bonds described in V. 80,
will not go before the people for ratification."
Covington, Ohio.— Bond Offerina Proposals will be re- p. 2415, were awarded to the Bankers' Reserve Life Co.,
ceived until 12 M., June 26, by C. R. Carlton, Village Clerk, Omaha, at 105'875. Following are the bids :
for $4,000 5% coupon water- works building bonds. Denomina- Bankers' Reserve Life CoTrowbridge & NIver Co.. Chl.|20,900 00
$31.075 00 Peters & Co.. Omaha
20,803 oO
Omaha
tion, $500
Date, April 1, 1905. Interest, eemi-annual. Ma- Albert
21.073 00 W.J. Hayes & Bons, Cleve.. 2i',E08 00
C. Case, New York
20.961 00 Chas. U. Coffln. Chicago. .... 80,354 00
turity, $500 yearly on April 1, from 1909 to 1916, inclusive.
W. tt. Barkiey, Lincoln
Certified check for $200, payable to the Treasurer of the vilEureka School District, flnmboldt County, Cai.— Bond
lage of Covington, required.
.9a/e.— 0a June 14 the $66,000 4t}4i gold bonds described in
Crestline (Ohio) School District.— Bonds Defeated.—Th\s V. 80, p. 2333, were awarded to E. H. Rollins & Sons, San
district, at an election held June 13, defeated the propo- Francisco, at 103- 634 and accrued interest.
Following are

awarded

I

..

I

:

—

—

—

—

—

.

sition to issue $25,000 high-school-building bonds.

Crystal Falls (Mich.) School District.— Bond Sale.— We
are advised tdat the $40,000 5% building bonds awarded, as
stated last week, to the Iron County National Bank, Crystal
Falls, at 101*25 and accrued interest, are in denomination of
Date, June 1, 1905. Interest, semi-annual. Matur$1,G00,

the bids

:

E. H. RolUna
^t^Francisoo

N.

.

W.Halsey&

&

Sons, San
$8«,390 00
Co., Chicago. 68.164 00

TheBank of Bareka,Eureka.$d7,801
Oakland Bank of Savings.
Oakland

00

67,788 80

Date of bonds. July 1, 1905, Maturity, $3,000 yearly.
Florence (N. J.)— School District— Bonds Defeated.— At a
recent election held in this district a proposition to issue
ity, June 1, 1930.
$30,000 school-building bonds was defeated.
David City, Batler County, Neb.— Bond O/eringr.— ProFort Valley, Qa,— Maturity of Bonds. We are advised
posals will be received until July 1 by W. S. McCoy, City that the city officials have just decided to begin retiring the
Clerk, for $3,000 5^ registered coupon park bonds. Author- $12, COO 6% electric-light bonds (the sale of which was reity, Section 6, Chapter 14a, Act 5 of Statutes of Nebraska,
ported in the Chronicle of May 27) after ten years. They
Denomination, $100. Date, July 1, 1905.
Interest will, therefore, be lO-30-year (optional) instead of straight
1903.
annually at the Nebraska fiscal agency. New York City. 30-Fear bonds.
Bonded debt, including this issue, $29,000. Assessed valuaFranklinton (N. C.)— Graded School District— Bond Offertion, $406,000,
ing.— Proposals will be received until 3 p. m., July 1, by R,
Dedbam, Mass.— iVoie Sale— On June 20 the $10,000 45^ 1-5- B. White, Superintendent of Schools, or Citizens' Bank,
year (geriai) street and engine-house notes described in V. 80, Treasurer of School Board, for $10,000 5^ coupon schoolp. 2475, were awarded to the Dedham Institution for Savings
building bonds. Authority, Act of General Assembly, No.
at 101*41. Following are the bids:
Denomination, option of successful bid1031, Liiws of 1905.
100-72
Jackson & Curtis, Boston
Dedham;institution for Savings,
der. Date, July 1, 1905. Interest, semi-annually at place to
101-41
Jose. Parker* Co.. Boston .... 100-71
Dedham
lOu'SO
Parkinson & Burr. Boston.
W. J.Hayea&Sons, Boston.... 100*876 suit purchaser. Maturity, July 1, 1935. Certified check for
100-789
R. L. Day 4 Co.. Boston
$100, payable to the Citizens' Bank, Treasurer, required.
The $20,000 tax note maturing Nov. 3, 1905, offer<^d at the Bonded debt, this issue. Assessed valuation, $830,520.
same time, was awarded to Parkinson & Barr of Boston at
Uaylord (Vil.). Sibley county, Minn.— Bonds Voted—
Following are the bids:
3'31it discount.
Bona O^ertng'.- This village, at an election held June 6,
3-31*
8-74«
Blake Bros. & Co., Boston
Parkinson & Bnrr. Boston
1905, authorized the iseuance of $9,000 5^ 10-year refunding
Lorlng, Tolman & Tupper, Boa. 3-75X
S-54S
Joae, Parker & Co.. Boston
bonds. Proposals will be received for these secnrities until
Defiance Township, Defiance County, Ohio.— Bo?id Offer- 1 p. M., July 1, by the Village Council. Denomination,
ing.— PiopoBaia will be received until 12 M Jane 24, by Geo. $1,000. Interest, annual. L. G. Becker is Village Recorder.
A. Heatley, Clerk Board of Education, tor $750 Q% schoolUiassport School District, Alleghany County, Pa.— Bond
building bonds. Denomination, $375. Date, Julv 1, 1905. Saie.— Oa June 19 the $20,000 A}4i coupon, tax-free school
Interest annually at the office of the Clerk Board of Education, bonds described in V. 80, p. 2416, were awarded to W. J.
Maturity, $375 on Sept. 15, 1906, and $375 on Sept. 1, 1907. Hayes & Sons, Philadelphia, at 105*64 and accrued interest.
Purchaser to pay accrued interest.
FollowlHg are the bids:
Hayes & Sons. Phila... $21,128 00 Browne-Elllnwood Co.. Chlc.$ao,8B7 CO
Devine (Texas) Independent School District.— Bonds Not W. J. Parker
& Co., Boston. 21,124 30 Lamprecnt Bros.* Co.. N. Y.. 20,879 00
Jose,
Scld.— The $8,000 5% gold coupon schoo.l- building bonds of- Declson, Prior & Co., Cieve.,
Lawrence Barnum &Co..N.Y. 20,876 00
2u,701 00
Boston....
21,086 00 Chas. H. Coffln. Chicago
and
land
fered on June 15, described in V. 80, p. 2415, were not sold,
ai.oio 00 Well, Roth & CO.. Cincinnati. ao,660 00
S. A. Kean. Cbioauro
proceedings.
We
in
the
election
irregularity
owing to some
20.978 00 J. P. O'Brien & Co.. Boston.. 20,600 00
B, H. Gay &Co.. Phila
Un.afiuOO F. L. Fuller* Co., Cleve
<:. Case. New York
20.600 CO
are advised, however, that another election will be held AlbertTodd
Co., New York. 20,020 00 James Carothers, Pittsburgh 80,252 00
&
W. R.
offered
authorized
they
will
be
July 11, and if the bonds are
Blendlve, Mont.— Bond i5ale.—The $45,000 water-works
for sale in the near future.
and
$5,000 sewer 5% bonds which were offered on May 1 (for
Donaldsonville, La.— JVo .4c«fo>i Yet Taken.— We are addescription
see V. 80, p. 1254,) have been awarded to S. A.
vised that no action has yet been taken looking towards the
Chicago,
at par.
Kean,
issuance of the $25,000 school- house and $31,00u water-works
tilrand Forks, N. Dak.— Bond Sale.— On June 12 the $50,000
and sidewalk 5% bonds which were recently voted.
funding bonds described in V. 80, p. 1986, were
Dothan, Ala.— Bonds Voted— Bond Offering.— Thia city, at coupon
to W. J. Hayes & Sons, Cleveland, at 100'9l4.
Folawarded
authorized
of
150
to
by
a
vote
the election held June 19,
1,
bids:
lowing
are
the
the issuance of $20, COO 5% SOyear water and light bonds. Pro- W. J. Hayes & Song (for 4^s)$.i0.457 00 O. H. Coffln (for 5s)
$51,60100
fi0,064 00 S. A. Kean (for 5s)
61,2io 00
posals for these securities will be received at any time by R. A. C. Case (for 4^9)
51,078 00
R. Klevbolte A Co. (for iHs) 50,200 00 A. C. Case (for 5»)
W. Llsenby, City Clerk.
VV. R. Todd* Co. (for4H3J.. 60,100 iiO Kane&Co. (for 6s)
60.665 55
61,680 00
Dowler Free Turnpike No. 51, Tan Wert County, Ohio. Well. Itoth & Co. Uor 3b)
—Bond «aie.— On June 21 the $5,5C0 i}4i coupon road-lm
Hammond, La. Bond Offering. Proposals will be reprovement bonds described in V. 80, p. 2476, were awarded to ceived until 8 p. M, July 20, by S. L. Powlett, Mayor, for
the Van Wert National Bank at 100 272, accrued interest and .§30,000 5^ water and drainage bonds. Certified check for
blank bonds. Following are the bids
'6% of the bid required.
Van Wert Nat.Bk., Van Wert.»$5,515 OO First Nat. Bank. Van Wert. »$5.507 00
Harrlsburg, Pa.— Bond Sate.— We are advised that the
W. K. Toda* CcClnulu.... 5,«16 CO
$218,400 d}/^i public-improvement bonds offered on June 20
*And blank bonds.
Bond S'afe.- On June 20 the $10,000 30-year (described in V. 80, p. 2477) have been awarded to Dick &
Dunn, N.
Harrisburg National Bank and the Harrisfunding and light bonds described in V. 80, p. 2233, were Robinson, the
at their joint bid of $196'56 premium.
Trust
Co.
burg
awarded to C. H. Coffin of Chicago for $10,157 and blank
(P. O. Houston), Tex.— Bond Election.—
Harris
County
bids
the
bonds. Following are
held July 17 to vote on the qaeatlon of
will
be
election
An
For 9 Per Cents.
•$10.157 00

—

I

|

I

|

I

I

,

—

J

:

I

.

I

C—

:

H. Coffin, Chicago
Chicago....
C..H.
For 6!^ Per Cenxt.
John Nuveen & Co., ChlcaKO. 10,160 00
*

1
1

II

|

.,„^„„„„
Beasonsrood& Mayer. GInoln. 110,428 00
Albert 0. Case. New Fork. .. 10.273 CO
10,V!50 00
8. A. Kean, Chioago

And blank bonds.

Edgar Sohoul District Ne.

12, Clay

Connty, Neb.—Bond

O^eriTifir.- Proposals will be received until 8 P. M. to-day
(June 24), by 8. W. Christy, Secretary, for $21,0U0 4« school
bonds. Denomination, $1,000. Interest, annual, Maturity,

issuing $500,000 4% 10-40year (optional) court- house- building
bonds. Interest, eemi-annual.
Bond
Harrison (N. Y.) Union Free School District No.
Sate.— On June 3 at public auction $9,000 school bonds were
awarded to the Home Savings Bank, White Plains, at par for
370 per cent. Dencminatior, $1,000. Maturity, $1,000 yearly
on Jan. 3 from 1906 to 1924 inclusive,

2—

'

THE CHRONICLE.

26 JC

HarTard (Neb ) Scbool Disxrlct.— Bond Sale.— Oa May 1
4K^ echool bonde, mentiODed in V. 80, p. 2177, were
awir ied to \V. E Berkley Jr., L'ncoln, at par. DenooalnaDate, June 1, 19C5, Interest, semi-annual. Mat:oE, $100.
turity, June 1, 1915, eubj-ect to call at any time upon 10 days'
the $5,000

notice.

Him

W

N.

Halsey

[YOL. LXXi.

& Co., Chicago,

Blake Bros.

& Co.

N.

Y

$156,825 00

and Merrill, Oldham 4 Co.,
Parkinson 4 Burr. N. V
166,45000
Boston
..$150,813 00 Union Nat Bk., Kan. City.. 15d,375 00
E. H. R. Uins & Sons Chic. 156,3S5 tO nlodtcei. Merrnt*Co., Bo«. 156,294 00
H. P. WriKbt luvestLLOnt
KarsasCity Life Insurance
Co., Kansas City
167,887 66
Co.. Kansas Ciy
156,CCOO0
MucDonald, McCoy & Co.,
National Bk. of Commerce,
Chtcago, and Beasonpood
Kansas City
155,80000
& Mayer. ClnoiDBatl ..
157,75100 Amer. Nat Bk., Kan. City.. 154,510 00
Kountze Bros., New York... 167,700 Ou W. K. Todd & Co.. Cincin.. 151,600 00
N.
Harris & Co.. Chicago 15'',3U6 uO Fidelity Tr. Co., Kan. City.. 1S1,600 00
R. Kleybolte&Co., Cincin.. 157.067 50 W. R. ("ompton, Macon Ciiy
W. J. Hayes & SoiiB, Cleve.. 166,955 00
(for |lO,Ot.O)
41,885 00
.

.

Free Turnpike No. 48, Tan Wert Coanty, Ohio.—
W
Bond Sale.—Oa June 21 the $2,800 i}4^ coupon road-improvement bonds described in V. 80, p. 2477, were awarded
to the Citizens' Bank, Spencerville, at par, accrued interest
Laftilirttle, Campbell Coanty, Tdua.— Bonis Authorized.
and blank bonds. A liae bid was received from tha First —This city bag autharlz >d the ism^tnce of $160,000 bonds for
National Bank, Van Wert.
the erection of a lighting and water plant and lor a telefladdon Coanty (P. 0. Jersey City), N. J.—Bond Offering. pb' ne system.
L^iig<l0iJ, N. Dak.— Bond Sale.~Oi Juae 15 $10,C0) 5jf re—Proposals will be receivad until 4 P m., Jaly 6, by the
funding bonds were awarded to U. M. Stoddard & Ci.,
Board of Chosen Freeholders, for $750,000 4;? gold coupon re- Minneapolis, at 102 05. Djnomination, $1,000. Dite, July
funded-war-/enewal bonds. Authority, Chapter 174, Laws 1, 1905. laterest, semi annual. Maturity, Jaly 1, 1935.
Lebanon, TenD.—J^/ectio 1 Njt Hild.—We are adviaed
of 1905. Date, Aug. 1, 1905. Interest, semi-annual. Maby an ofificial of this town that the election set for
turity, Aug 1, 1935.
Certified check (or cash) for $7,500,
Juoe 10 to authorize the issuance of $10,000 water- works
drawn on a national bank or truat company, payable to the DODds did not take place, the call having been canceled.
order of Stephen M. Egan, County Collector, required.
Lisbon, Ohio.—Bond Sate.— On Jane 19 the $7,CO0 5%
The official notice of this bond offering will be found coupon refunding bonis described in V. 80, p 2478, were
awarded to W, R Todd & Co., Cincinnati, at 108 and acamong the advertisements elsewhere in this Department.
'!ru^d interest.
Following are the bids
flnmboldt, Tenn.—Bonds Voted.— Oa June 16 this city, by W. R. Todd & Co.. Clnoln
$7,660 on W. J. Hayes & Sons., Cleve.. $7,293 00
:

a vot« ot 73 to 5, authorized the issuance of $12,000 school
bonds.
Indianapolis, lad.— Bjnd Sale,~Oa June 20 the $45.0C0
B}4% 2J-year refunding bonds described in V. 80, p. 2416, were
awardtd to J. F. Wild
Co., Indianapolis, at 103-04. Followiag are the bids
J. F. wild* Co., Ind'apoll8..$46,3ft8 00 Newton Todd. Indianapolis. .$t5,OflO 00
K.D.BuBh & Co..lndiHn'ils. 46.850 00 E. U. Rol. Ins & Sons, Chic .. 46,31950

&

:

I

.

Marion Trust

I

Co.. Indiau'lis. 46,208 25
Co., Cincin. . . 4t),102 00

W. R.Todd & Co,

i

Cincinnati. 46,150 uu

&
Irouton, Ohio.— Bond Offering. Proposals will be received
until 12 M July 1, by F. A. Rjss, City Auditor, for the following securities
B. Kleybulle

|

—

Oamnreobt Bro8.&no.,01eve.

People's Sav.iL. As.Co.,Lis'n

.

Maturity, |400 on Aug.

1, 1906, and $800 yearly on
inclusive. Certified check for

annual.

Aug.

Clucin,,

7.160 00

Oberiin Bank Co., O merlin, at 100*96. Denomination, $1,000.
Date, June 10, 1905. Interest, semi-innual. Maturity, $4,000
on Jnnj 10, ly06, and $3,000 on June 10, 1907.
Lovfell, Mass.
Temporary Loan, Thiscityhas negotiated
a loan of $50,000, in anticipation of taxes, with Bond & Goodwin of Boston at 3'50sf discount. Loan to mature Nov. 6,

—

—

1905.

McKinley (Minn.) School District No. 18.-Bjnd OJerwill be received until 12 M June 26, by W.

:

1, 1905.
Maturity, $420 jeaily on June 1 Ir.^m lt96 to iyi5, iaclnslve.
Interest eezul- annually at the ofiflee of the City Treasurer.
Accrupd interest to bw paid by purchaser. Authority, Section 95 of the Municipal Code. Certified check for $100, payable to the City Treasurer, rf quired with bids for each Iseu ).
Isanti Connty (P. 0., Cambridge), Minn.— Bond Offering.
—Proposals will be received until 2 p. M July 11, by T. (J.
Blomgren, County Auditor, for $5,800 5% Wyanett Ditch No.
2 bonds. Authority, Chapter ;258, Laws of 1901 and several
Acts amendatory thereof. Denominations,! bond for $4)0
and 9 bonds for $600 each. Ddte, Aug. 1, 1905. laterest,

& Mayer,

Lorain Comity (P. 0. Lorain), Ohio -Bond Sali.— On
Jane 10 16,000 5^5 infirmary-repair bands were awarded to the

,

$9,100 6^ ecu ion street improvement bonda. Denomination, $ no. Dite.June
1,1903. Matnrltv, 1*10 yearly on June 1 from li*06 to 19 15, inclusive.
4,200 6* coupon street improvement bonds. Denomination. $420. Date, June

Seasonaood

7,457 80
7,iZ0 00

I

'ig'.— Proposals

,

P. Chinn, Clerk, for $5,000 5% scnool bonds.
Date, July 1,
1905.
Denomination, $1,000. Interest, semi-annual. Maturity, $1,000 yearly on Jan. 1 from 1906 to 1910, Inclueive.
McMinuTllle, Ore.— iVb Ac'ion Yet Taken.—
are advised
that no definite action has yat been taken looking towards

We

r.he

issuance of the $80,000 5^ water-plant bonda voied last

April.

Manistiqie, Mich —Bi is. —Following are the bids received June 12 for the $125,000 5% water-works and sewer
bonds awarded, as stated l*»8t week, to Rudolph Kleybolte
Co., Cincinnati, for $128,512.

&

R. Kleybolte & Co., Cincin.. 1128,612 00
A. Kean. Chicago
131,25 00
Browne-Ellinwood Co.,Chio. 130,787 00
G. H. Coffin. Chicago
130,01100
8.

Sec. Sav.

1, from 1907 to 1915,
$300, payable to the Treasurer of Isanti County, required.
Islip (N. Y.) School District No. 2.—Bjnd Offering.— Propoeals will be received until 8 p. m., June 29, by WlUmirlh
Hdff, Clerk of Board of Education, for $11,500 4i school
bonds, Denomination, $1,000. Interest, annual. Maturity,
part yearly on Nov. 1, beginning in 1906,

127,!i27

50

First Nat. Banii, Manistique 127,no )
E H. Rollins & Sons. Chic... 126,88i
Well, Roth & Co„ Clnoln ... 126.614
W. J. Hayes & Sons, Cleve.. 126.i6o

00

intereet.

are tbe bids

JsHpor Connty (P. 0. Rensse^a r), lud. --.Sond Offering.—
Oa Jaly 6, at 1pm,, the Counly Treaturer will off jr at public

First Nat.

DenlBon, Prior & Co., Cleveland and Boston

»

And

Bk.ATr.CcToledo.f 125,990 00

JohnNuveen ACo.. Chic...
Snltzer & Co.. Toledo
H. W. Noble & Co., Detroit.

125,900 00
125.840 Oo
125,676 00
l.araprncht Bros &Co.. Cleve 125,591 ro
F. L. Fuller & Co., Cleve .. 125,26100
t^arson. Leach & Co.. Chic.. 185,104 00

)

W

R. Todd& Co., C ncin...*126,00J00
Mer8ereau(for$ '5,000) 77.000 00
Manistique Bk. (for JoO.OOO) 60,000 CO

On
00
00

C. B.

Interest.

MansIleld(Towa), ^a&&.— Bonds Author iz d.— This town
Jaebsonviile (Village), Ohio.— Bond Q^fertngi.- Proposals has authorized the issuance of $7,000 4j coupon municipalwill be received until 12 M, July 17 by W. C. Hilt, Villige light-loan No 3 bonds. Denomination, $5)0. D.ite, June 1,
Clerk, for $9C0 &i public building bonds. Authoritv, aa Act 1905. Interest semiannually at the First National B ink,
of the General Assembly of Ohio passed April 30, 1903.
D.> Mansfiald. Maturity, June 1, 1935.
nomination, $100. D^te, Jane 1, 1905. lateresf, semi-annual
Marble C iff Schojl District, Franklin County, Ohio.—
Maturity, $100 yearly on Jane 1 from 19 ;6 to 19i.4, iocluslvd. Bj»dSa/e. — Oa June 21 the $6 0(0 5% school-building and
Certified check for 10^ of amount of bouds bid for, payable to site bonds described in V. 80, p. 2359, were awarded to the
the Village Treasurer, required. Purchaser to pay accrued New First National Bank, Columbus, at 103'391. Following

auction the followlBg securities
f 15,000

:

Hang'ucr Grove TownehipGravel Boad bonds.
m%
Matnriiy, Jl.hOO
yearly on Jan.

1

f.-cm 1907

ti,

Denomination, $500,

19i6. inclu^ive.

4^1 Gillam TnvFnshlp Gravel Road bonds. Denomination, *500. Maturi'y,$.-,i()o yearly on Jan. llrom 1907 to 1915, inclusive, and $l,iOO
on Jan. 1, 1916.
Date, July 1, 1906. Ijterest semi-annually at the State
Bank of RenttBel^ker. Aathority, Act of 1901, page 449.
"The Buccesalnl bidder for each issue will be required to
make immediate rJepoelt of $1,000."
Jewfclt CiLy (Boro.), Cona.— Bond O/enV^g'.— Proposals
will bft received until 12 m July 10, by Ira F. Lewis, Borough Warden, for $.30,000 SJ^'i; coupon refunding bonds.
Denomination, $1,0C0. Di,te, Jaly 1, 1905, Interest, semiannuttll'^ at the Tnauies National Bank, Norwich.
Maturity,
19,600

.

July

•'

1,

1935.

Jones County (P. 0. Ellisviile), Miss.-Bo .d Offering.—
Proposals will be received uutil 12 m., July 8, for $20,000 5<r
coupon road and bridge bonds. Authority, Section 812, Code
of 1892 of Miss. D. nomination, $500. Interest, annu illy at
the D jtroit Trust Company, D jtrolt. Ma urity, $1,000 yearly
on July 1, from 1910 to 1929, inclusive. Certified check for
$1,000, payable toR, L. Qirrick, County Treasurer, reqaired.
We are njt informal as to whether this is the same issue
reported sold on May 8.
Kijgston, Ont.—D^b miure Sale.-Oa May 25 the $82,000 i%
light debentures described in V. 80, p. 1987, were
awarded
to H. O. Hara & Co. for $-^2,025 and accrued interest.
Kansas City, JILo.—Bond Sale.— On June 19 the $150,000
coupon park and boulevard bonds described in V. 80, p. 2858
were awarded to N. W. Haleey & Co. and Merrill, Oldham
& Co. at their j ilnt bid of 105 931 and accrued interest.
Following are the bids

H

:

New

:

IstNat. B'k. Columhns. $8,203 60
Bank, BarnesvlUe. 6.101 00

I

8.

A. Kean, Chloago

16,066 00

|

Maturity, one bond yearly.
Pa.— Bjnd Saie.— Following are the bids received on June 21 for the $30,000 4^ refunding bonds described
in V, 80, p. 2417:
Mei^dvilli),

H. Reitte ;f ir2n bonds)
110,185 J. H. Shea (for6 bonds)
M. 4 A C. i^urry (forBbonds).. 4,590 Henry Haas (for 4 bonds)
Geo. S. Cullum (forS bouds) ... 4,340 J, Marhoefer (for 3 beads)
M. H. Reefer (for d bonds)
4.100 John Schnetz (for 2 bonds)

J.

I

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|

I

Medicine Hat,

A»m.— Debenture Suli.-Oa June

f.'?,045

2,080
1,536
l,'-'20

19 $12,000

natural gas, $10,0C0 water works, $'dO,OCO municipal building
and $2,600 gas and water plant purchase 5% debentures, dascribed in V. 80, p. 2234, were awarded to -<Emilius Jarvis &
Co.. Toronto.

Meeb«r, Kio

B]att'.;o

County, Colo.— Bond Sale.—Oa

May

1

the 450,000 6i gold coupon waterworks bonds described in
V, 80, p. 1497, were awarder} to P. P. Ford at pir.
Miles City, Mont —Bonds Not Sold— :> bids were received
June 15 for the $L0,0lO 4^ city water improvement bonds
described in V. 80, p. 2234. Securities will be re-advertised,

N

Milford,

Conn —Bond

Oi^eringr.- Further details are at

hand relative to the offering, referred to in last week's
Chronicle, of $18,000 d^f, coupon refunding bonds. DaInterest semi-annuDiite, July 1, 1905.
Matarity, July 1, 1925. Bjnded debt. Including this issue, $75,500. Assesed valuation, $3,755,127.
The official notice of this bjnd offering will be found
among the advertisements elsewhere in this Department.
Milwankee, Wis.— B -nd O^erinfl'. -Ptoposals will be received until 10 A M., July 12, by the Commissioners of the
Public Debt, City Comptroller's Offic?, for tue following securities: $120,000 school, $100,000 dock and dredging, $100,000

nomination,

$1,^10

ally at Milford.

'.

—
June

—

——

THE CHRONICLE.

21, 1905.J

d-^p^rsment and $50,0C0 police-departAll these securities carry i%
interest and will run for an average of lOJo years from July

viaduct, $95,0C0

1905,

Mineral Ridge (Oh'o) School District.— Bonds Defeated.
district on June 8, by a vote of 24 to 26, defeated a

—This

proposition to issue school repair bonds.
Miuier School Diatrl t, T^zeweill Co., 111.— Bond Sale.—
0-1 June 1 the |9, 000 4>^ registered bonds described in V.
80, p. 2234, were awarded to S. A. K3an, Chicago, at 100 10.
Moberly, Mo.— Bond Sale.—O^ Jane 15 $30,000 i% refunding bonds were awarded to the Mercantile Trust Cj., St
Louis, at 100'53. Denomination, $')0a. Date, July 1, 1905.
laterest, semi-annual, Maturity, July 1, 1915.
Mvtblli, Ala —Bond Q^eringr.— Proposals will be received
uutil 6:30 p. M., July 15, by Patrick Q. Lyons, Mayor, for the
|2 003,C0J 4!t gold coupon refunding bonds offered but not
sold on June 1. Donomination, $500. Date, Jan. 1, 1903.
laterest, semi annual. Maturity, Jan. 1, 1936.
Monrovia, Cal.— Bond 0#erinflr— Proposals will be reCbived until 7:80 P. M., July 3, by L. E. Hjtchkiss, City Clerk,
for $2,0C0 library, $2,000 fire apparatus and $5,000 waterworks (series No. 5) 5,i bonds. Djoominations, $200. Date,
June 1, 1905. These issues were voted at an election held
April 19; see V. 80, p, 1749. Certified check for 10^ of the
amount of bid required.
Monticello, Jumper Co., Ga. —Bonds Fo^ed.— This town on
May 30 author iz id the issuance of $30,000 electric-light
and water bonds.
Mon1r.;a1, (^neliec.— Debenture 8ale,—0a June 12 $300,COO 4j gold school building binds were awarded as follows:
$170,000 to R, Wilson Smith
Co. at 102-07 and $30,000 to
the Trafalgar lostitute, at 103'50. Denomination, $ ,0C0,
Date, Jan. 1. 1906.
laterest semi-annually at the City
Treasurer's cffije. Maturity, Jan. 1, 1935.
=

&

Muo.estowu (Pa

)

School District.

Bonds Authorized.—

This district on June 20 authorized the issuance of $30,000
Bchool-bnilding bonds,
Morehead (Lity, N. C.—Bond OJ'eringf— Proposals will be
rtceived until 8:30 p. m. July 3 by Stacsy W. Wade, Secretary and Treasurer, for $15,000 5^ coupon bonds. DaDomicaDae, July 1,1935. laterest semi-annually at
tion, $1,000,
Morehead City. Maturity. July 1, 1930. Certified Check f ,r
$250, payable to Stacey W, Wade, Secretary and Treasurer,
required. No bid at less than 105 will be considered. Assessed valuation, $^8,000.

Morgautou, N.

C— Bond 8ale.—0a June 12

the $12,030 5%

sewerage bonds recently voted were awarded to F. L. Fuller

&

Co., Cleveland, at 101. Date, June 1, 1905. laterest, semiannual. Maturity, June 1, 1945,
Morton Couiity (P. 0. Mandun) N. Dak,— Bon J Sale.-O^
June 5 the $31,000 A}4% refunding courthouse bonds described in V. 80, p. 2235, were awarded to F, E. Magraw at

101 '467.

Morveu Tuwuship,

N.

C— Bonds

Fofed.— This township,

at an election hsld Jane 17, voted in favor of a proposition to
iesue $10,000 5% 50-year bonds In aid of the projected Win-

ston-Salem South Bound Railroad.
Monut Carmel, Pa.— Bond.s Authorize i.— At a meeting of
the Borough Council on June 6 an ordinance was passed
which authorizes an issue of sewer bonds.
MonntYernoj, N. Y.—Bond Sale.— Oji June 20 the $59,000
i% refunding bonds described in V. 80, p. 2481, were awarded
to W. J. Hayes & Sons, Cleveland, for $60,889.
Proposals will be received
Masbaa, N. R.—Bond Offering
until 2 p M., Juae 28, by Wm. E Spaulding, City Treasurer,
for $10 OCO 33^? coupon school-house bonds. Danominatlon,
Date, July 1, 1903, laterest, semi-annually In Boston
$1,000.
or Nashua. Maturity, July 1, 19i5,
Mashville, Tenn.—Bond Election. An election will be held
June 29 to vote on a proposition to issue $500,C0J 4>^$ streetimprovement bonds, maturing, July 1, 1935.
Bonds Authorized.— The City Council, on June 8, passed
an ordinance authorizing the issuance of $300,000 higli-school
building bonds. It is stated that the question of issuing
these securities will be submitted to a vote of the people in
October.
Nevada, Mo. Bond Election. An election has been ordered for Jaly 5 on a proposition to issue $90,000 water-works
bonds.

—

—

—

New Hampshire.- BandSaZe.— On June 22 the $200,000 83^*
coupon Stttte H )8pital bonds described in V. 80, p. 1988, were
awarded to N. W. Harris & Co., Boston, at 102-619. Following are the bids
102-6l»
K. W. Harris & Co., Boston
Farson, Leach & Co., Mew Tiork.l02U18
:

101-349
R. L. Day & Co.. Boston
Blodcel, Merrltt & Co., Boston. 101*71
lol-13
Oldham &. Co.. Bo8ioD,10r9^« Kountze Bros., New York
lOl'iS
E. H. Kollins 4 Sens. Boston. ..101-H87 Kstabrook & Co., Boston
Had
New SnoreLam (lown), H. l.—B,n * El.cHon
town meeting was called on Juae 19, in Block I-iland, to
bring before the voters the question of issuing $172,500 funding bonds which were authorizad by the QjU'eral Ajsembly
at its last sessloa. O ,ving, however, to the fact that there
are two factions of voters in the town and intense rivalry
between them, there was such a disturbance that the vote
could not be taken, It is stated that three meetings have
been called on the same question in the last two months.
Norfolk County, Ulans.— Temporary Loan. —On June 20
this county awarded a loan of $lOO,000 to George Mixter of
Boston at 8 6C^ interest, payable semi-annuiUy. L:)an to
mature July 1, 1906. The only other bid rpceived was from
eg, Tolman
Tupper, Boston, who otfered 4 25^ Interest, payable at maturity.

Merrill,

1

I

I

A

Lr

&

Nt

2637

North Bergen, N. 3.— Bonds Toted,— This town on June
by a vote of 507 to 126, authorized the Issuince of $5J,000

fire

ment permanect-repa'r bonds.
1,

——

20,

town-hall bonds.
Nt.rth Fort Wortii (Tex.) School District.- Bond 6ale.—
Oj Jane 10 the $23,000 school-building bonds mentioned in
V. 80, p, 1194, were awarded to W. E Decell, Chicago, for
{23,450.

Norwooil, Ohio.— Bonds Authorized.— The City Council
has passed an ordinance, providing for the issuance of $.2,000 4% street- extension bonds to run twenty vears.
Norffood (Ohio) School District- Bo?id Sa/e. —The $26,000
i% coupon Marion St. School- building bondd described in V.
80, p. 1988, and the $26,000 4?^ coupon. Williams Avenue schoolbuilding bonds described in V, 8), p. 1934, were awarded on
Jane 1 to the Western German Bank of Cincinnati at 103,
Ogdenaborg, H.Y.— Bond Sale.— O^ June 23 the $20,000
S}4'i coupon school bonds desoribel In V. 80, p. 2479, were
awarded to Kelloga: & Mulligan, Ogdensburg, for $20,125 and
accrued Interest. Following are the bids :
KellogR & Malllffan, Ogdensb'g. $80,125 First Nat. Bank, Gouverneur... $20,000
|

O^densb'K Nat. Bt.,10gden8b'K. 20.0«3

|

Okanogaa Conaty

(Wasli.) School District.— Bonds Ao£
Sold. —Proposals were asked until June 5, by the County
Treasurer, for $2,000 5% bonds of School District No. 43.
are advised that these securities have not been sold.
Oneida, N. Y. Bond Offering.— PcoTposala will be received
until 12 M., Jane 28, by C. M. Ruggles, City Clerk, for
$3,559 47 paving and $331 47 sewer 4% bonds. Authority, Section 5, Chapter 225, Laws of 1901; Section 5, Chapter 273,
Laws of 1934. Denomination, one-tenth of each issue. Date,
June 1, 1905. Interest annually In New York City or in
Oneida. Maturity, one bond of each Issue on Juae 1 from
1906 to 1915, Inclusive. Bonds will be made coupon or registered at option of purchaser. Certified check for 10^ of bid,
payable to the Chamberlain of the city of Oaeida, required.
Bondi Voted and Defeated. The election Jane 9 on four
bond propositions resulted as follows:

We

—

$13,800 i% l-lO-year (serial) Madison and Williams street bands. Carried
vote of ;i4t to I3<i.
4,000 4S5 ll"-year (serial) Chestnut and West street bonds.
Carried
vote of MS to 180.
1«,000 i% street bonds. Defeated by vote of 1S7 to 226.
20,093 i% additional reservoir bonds. Defeited by vote of 178 to 195.

by

by

Ozirk, Chri:)tian County, Slo.—Bjnd :iuce,—Oa June 20
$8,503 5% 5-30-year ( >ptional) water-works and sewerage
nonds were awarded to the Blackburn Investment Co. for
Danominatlon, $500. laterest, semi annual.
$8,525.
Fierce Coanty (Wash.) School District No. 88.— Bond
SaZe.— Oa June 10 $7,000 4}-^% school-building bonds were
awarded to the State of Wasnmgton at par. Denomination,
Date, June 10, 1935. Maturity, Juae 10, 1912, subject
$500.
i;o

call after 1 year.

N. Y.—Bond Offering— Pcopostila will be rementioned la V. 80. p. 2479, until 3 p, m. June 25,
by the Board of Public Works, for *50,000 d%% 20-vear
registered reservoir bonds. Denomination, $1,000.
Date,
July 1, 1905. Interest, semi-annual. ^Bondeddebt, excluding
this Issue, $186,600.
Assessed valuation, $1,683,650. Actual

f lattsbarg,

ceived, as

valuation, $8.250,0 :0.

Ponca, Dixon County, Neb.—Bond Sate.— On June

1

$6,000 6% lighting bonds were awarded to the Security Bank
of Ponca for $6,061.
Denomination, $1,000, Date, July 1,
Maturity, July 1, 1935.
1905.
Interest, annual.
Fort Carliog (Yillaipe), Ontario.— Z)-6entMre Offering.
Proposals will be received until June 26 by F. D. Stnbbs,
Clerk and Treasurer, for the following securities: $2,000 5%
town-hall and $1,500 5% school-house debenturea. Maturity,
part yearly for 20 years.
Port Henry, N. Y.—Bond Sale.~Oa Jane 12 $35,000 village-hall bonds were awarded to I.-aac W. Sherrlil, Poughkeepsle, at lOl-ll for .S85 per cents.
Denomination, $1,400.
Date, June 15 1905. Interest, semi-annual. Maturity, $1,400
yearly on June 15 from 1906 to 19 0, inclusive.

Portland, Coun.— Bonds Authorized.— Yfe are advised
that the $88,0^0 20 year refunding railroad bonds recently
authorizdd by the Legislature will not be offered for sale
until after Ojt. 3, 1905. Denomination, $1,0C0, Bonds are
free of all taxes.
Portland, Me. Loxn Offering.— Pccipoa&lB will be received
until 12 M,, June 28, by James L. Dyer, City Treasurer, for
a $100,000 loan i J anticipation of taxes.
DdDomioation at
option of purchaser. Dj,te, day of Issue. Maturity, Ojt, 1,
1905, without gracse, either in Bo.=?ton or P.irtland.
Portland (Mich.) Schjol District ^o 3 -Bond Sale —0:i
June 15 the $6,0J0 43^^ building and Improvem-^nt bonds
off:)redbut not sold on Juae I were awarded no H. W. N^ble
Co., Detroit, at 100*583.
Djuomlnation, $503. Date, Ju y
laterest, March 15. Maturity, part yearly on
15, 1905.
irch 15 f :om 1906 to 1911, Inclusive.
PrinCitjn (Ky.)— Bond O^erinflr.— Proposals will be received until July 3, by the Mayor, for $35,0C0 Qfo 20 year
water- works bonds. Denomination, $500. laterest, semiannual. Certified check for 10^ of bid reqnired. This city
has no bonded indebtedness. J, N. Brewer is Cltv Clerk.
Pueblo (Colo.) Schojl District No. l.-Bo d Ojeti ig
Proposals will be received until 12 m Jane 3u, by S. D Broalus. President Board of Education, for the $25,000 4}4<(
coupon gold sohool-bulldlng bonds mentioned la V. 80, p.
DeiDomlnation, $1,000. laterest la payable at the First
2418.
National Bank, New York City, or at the offije of the Treasurer of Pueblo County. Maturity, fifteen y ear j after date,
optional after ten years. Certified check for $500, payable to
8. D. Brosius, President Board of £ lucation, required. Each

&

— M

,

—

THE CHRONICLE.

2638

bidder is asbed to submit a proposition for the purchase of
these bonds on a basis of 4 per cent.
QaiDcy (111.) School District.— Bond^ Voted— Bond Offering,— ThiB city on March 21, by a vote of 1,705 to 376, autoorized the issuance of $120,000 5% coupon building and improvement bonds. Proposals were asbed for |119,999 97 of these
securities until 4 p. M June 23, by the Board of Education.
Denominations, 52 bonds of $1,000 each, 130 bonds of $500
each and 9 bonds of $383 83 each. Date, July 1. 1905. Interest annually at the oflBce of the Treasurer of the Board of
Education. Maturity, $18,333 33 yearly on July 1 from 1907
The legality of the issue was approved by
to 1915, inclusive.
Chas. B. Wood of Wood & Oablev, attorneys, Chicago.
Reading, Ohio.— Bond Saie.- On June 21 the $27,000 i%
10-20-year (optional) wster and light-improvement bonds described in V. 80. p. 2361, were awarded to Seasongood
Mayer, Cincinnati, for $27,321 25 and accrued interest. Following are the bids :
,

&

Seasongood
Prov. 8av.

:

1

& Mayer, Clnctn. $27,921

B'k&Tr.Oc. Cm.

I

I

Well. Both ACo. Cincln
127,205 30
Atlas Nat. Bk., Cincinnati... 27,087 00

26

27.27100

amount

[Vol. lxxx.

offered for each issue separately,

Purchaser to pay

accrued interest.

Sanford Graded School District, N. C.—Bond Sale.— On
June 15 the $10,C00 5% 40-year school-building bonds described in V. 80, p. 2363, were awarded to Albert C. Case,

New York

City, at 106.

Shelby County (P. 0. Memphis), Tenn.— Bond Sale.— On
June 12 $1CO,000 4% levee bonds were awarded to the Memphis Trust Co,
Memphis, at 100*247 and accrued interest.
Following are the bids :
Memphis Trust Co.. Memphis. 1100.847 W. R. Todd & Co., Cincln
tlOO.OOO
,

I

Mercantile Tr. Co, (condit"l)

Siunx Falls

(S.

.

.

.

100,500

Dak.) School District

An

— Bond

Election.—

election will be held shortly (probably June 30, according to local papers) to vote on the question of issuing $75,000

high-echool bonds.

Sni-a-Bar Township, Lafayette County, Mo.— Bond Offering— PropossilB will be received until 12 m,, July 17, by John
Taubman, County Treasurer, for $24,CO0 H coupon township
bonds. Denomination, $1,000. Date, Aug. 1, 1905. Interest

Red Blnff Cnion High School District, Tehama County, annually at the Mississippi Trust Co., St. Louis. Maturity,
15 years, optional after 5 years.
Certified check for $500,
Cftl.— Bond OJ'enng'.— Proposals will be received until 11 a.m.
July 5, by the Board of Supervisors of Tehama County for payable to the County Treasurer, required.
South Bend, Ind.— Bond 8ale.-0a June 14 the $28,000 i%
Denomination,
$32^000 4%i gold coupon school bonds.
$2,CO0.

Date, July

Interest, annual.
Matnritv,
to 1912, inclusive.

1905.

5,

|2,0C0 yearly on July 5

from 1907

Red Lodge School District No.
—B. nd Sa/e,— On June 10 18,500 5^

1,

Carbon Coanty, Mont.

school-house bonds were
awarded to Morris Bros.
Cbristensen, Portland, Ore., fcr
Denomination, $500. Date,
$8,588 and accrued interest.
June 10, 1905. Interest, semi-annual. Maturity, 20 years,
subject to call after 10 years.
RxJfhester, N. Y.— Temporary Loan.— This city on June 14
awarded to F. B. Jenmson of New York City a $100,000
8months'local-improvement note at 3 '70^ interest and $7"00
premium. Following are the bids:

&

Frank

E. Jennlson ($7 prem.)... 8'70i6
Secnrtty Trust Co.. Rochester.. St-flG*
Broadway S«v. Institution. N.Y.*3-75^
Goloman, Sachs & Co.. N. Y.... 3"«5«

I

I

I

Rochester Sav. Bank. Roches'r.
Title Guar. & Tr. Co. New York,
(»10 premium)
Bond & Goodwin, Boston

3'8Bi(
4*00s{
4'OOJt

»For $50,000.

Roslyn School District, Kittitas County, Wash.— Bonds
district on June 3, by a vote of
50 to 1, authorized the issuance of $17,000 funding and $3,000
school bonds at not exceeding 5% Icterest.
Maturity,

Voted— Bond Offering,— ThiB

10 years, subject to call after 5 years. Proposals will be received for these bonds July 10 at the County Treasurer's
cffice, Etlenebnrg.
Snginaw, Mioh.— Bond Q^erinflf.— Proposals will be received until 2 p. M., June 28, by Wm. Seyffardt, City Comptroller, for $36,000 ii sidewalk bonds of the Eastern Taxing
District,
Denomination, $1,000. Date, July 1, 1905. Interest semi- annually at office of City Treasurer,
Maturity,
July 1, 1915. A certified check for 2% of the par value
of

bonds bid for on some Saginaw bank (or

New York

draft),

payable to the City Treasurer, required. Delivery of bonds
to be at the risk and expense of purchaser and must be paid
for in New York exchange or equivalent, with accrued interest to date of delivery.
Sagica^CMich.) Union School Distiict. —Bonds Voted.—
Thts district recently, by a vote of 71 to 3, authorized the
issuance of $20,000 school building bonds.
are advised that this city
St. Clair, Mich.— Bond Sale.—
on June 12 sold $10,f 00 43^ water-works extension bonds and
$6,(100 4i^« refunding water bonds to W. E. Moss
Co., Detroit, for $16*610.
Denomination, $1,000. Date, May 19. Interest, eemi- annual.
Maturity, $10,000 May 19, 1925; $6,000

We

&

May

19, 1926.

John, N.
received until 4
St.

B.— Debenture

Offering.— Tro-poB&ls will be

by Fred. Sandall, City Chamberlain, for $500,0(0 2}4% coupon debentures. Denominap. M.,

June

28,

tion, $500, or at option of purchaser.
D-ite, July, 1905.
Interest, May and November, at the
Chamberlain's oflBce,
St, Jchn.
Maturity, Nov. 1, 1945. Bonds are exempt from
city tax.
Present bonded dtbt, $3,944,484. Assessed valuation, $546,145.
St. Johns, Ore.— Bond O^ering— Proposals will be received uEtil 4 p. M,, July 3, by J.
Henbs, City Recorder,
for $10,000 6^ public utility gold bonds. Dencminalion,
$ir0.
Dfite, June 15, 1905.
Interest, semi-annually at the

W.

First National Bank, Portland. Maturity, part yearly on
June 15 from 1905 to 1914, inclusive. Bonds are exempt from
all taxation.

Hi. Van], mivn.— Certificate Issue.— On June 15 this city
issued $l,448,!i00 455 tax-levy certificates to local investors at
par. Interest, semi- annual. Maturity, June 15, 1906.
are fidvised tbat the issue was over-subscribed by about
half a million dollars.
Sallf bary. Mo.— Ponds Not Yet Ready for Issuance.—
are advised that city is rot yet ready to issue the $21,000
water bonds ttectiored In V. 80, p. 237, nor will the bonds be
floated until the water supply is determined, which will
probably not be for two months.
Handncky, Ohio. Pnnd O^eriwg.— Proposals will be received until 12 M. July 17, hy Alex. M. Wagner, City Auditor,
for the following ecnritlee:

We

We

»9,000 4« eriKlro-honso bonaa.
Denomination. $l,CO0. Date. Jnly
Malurlly. uly 1, 191U.
5,jOO 4» Rtreer Imprivcmfiiit bond'*.
DenomtnaMon, |50O. Date.
11)05.

Maturity.

1.

1905

AorU

1.

Ai,ril 1.11)16.

Interest eemi-annually ''at the City Treasurer's office.
Certified check for $l,UO'} rcqaired, and bid must state

20-year-jadgment and park-land bonds described in V. 80. p.
2363, were awarded to E. D, Bush
Co. of Indianapolis and
Rudolph Kleybolte & Co. of Cincinnati at their joint bid of
108.
Following are the bids
E. D. Bush & Co. and Rudolph
Jackson & CnrtU, Boston
C29,626 80
Kleybolte A Co
$30,240 00 St. Joseph Co. Savings Bank,
Farson. Leach & Co..ChlcaBO. 30,180 00
South Bend
29,587 80
N.W. Harris & Co.. Chicago. 3(),0»1 00 N. W. Halsey & Co.,ChlcaKO. 29,505 60
2».4S5 20
B. M. Campbell *Co., Ind'Us. 3n,076 00 E. H. Rollins & Sons, Chic.
SeasonKood & JMayer, Clncin. i!9.780 26 «lodeet, Merritt*Co..BoBt.. 29,050 70
J. F. Wild & Co.. Indian'llB... 29.7*5 00 Browne-Ellinwood Co., Chlo. 28,907 00

&

:

. .

29,690 00 W.K.Toaa «Co., Clnplnnatl. 28,850 00
& Co., Clncin
South San Francisco, San Mateo County, C»l.—Bond«
FoJed.— This city recently voted by an overwnelming major-

Well. Roth

ity to issue $20,000 public school bonds.

Springfleld, 111.— Bonds Fo<ed.— The official result of the
election in April for the issuance of $128,000 bonds has just
been made public, and is as follows: 5,721 votes In favor of
and 1 ,733 against the proposition. Bonds will be dated Sept.
1,

1905.

SpriBgflfld (S. C.) School District No. 36. -Bonds 4mthorized. This district has authorized the issuance of $8,000
b% 25- year coupon school-building bonds. Denomination, option of purchaser. Date, July 1, 1905. Interest annually at
place to suit purchaser. Bonded debt, this issue. Assessed

—

valuation, $162,285.
Stanhope (Boru.), Sussex County, N. 3.— Bonds Defeatid.
—This borough on June 6, by a vote of 89 to 92, defeated a
proposition to issue $10,000 5i? water-main bonds.
Sterling, 111.- BoRd O^erzjiflr. —Proposals will be received
until 8 P. M., July 3, by the Finance Committee, for $6,000
4)4.% new public library bonds. Denomination, $1,0C0. Date,
Maturity, $1,000
Interest, semi-annual.
August 1, 1905.
yearly on August 1, from 1918 to 1923, Inclusive. Certified
check for Z% of amount of bid, payable to M.^C. Ward, Chairman of Finance Committee, required.
Samter, S. Q.— Further Details of Bond Offering.— A9
stated last week, C. M. Hurst, Secretary Board of Commissioners of Public Works, will receive proposals until 12 M,,
July 1, for $116,000 4^4% coupon water bonds. Denomination, $1,000.
Date, July 1, 1905. Interest semi- annually at
Sumter. Maturity, July 1, 1945, subject to call July 1, 1925.
Present bonded debt, $28,000; floating debt (additional),
Assessed valuation, $1,800,000.
$5,000.
Tahleqaah, Ind. Ter.- Bond B/ecfton.— Steps are belrg
taken looking to the submission to a vote of the people of a
proposition to issue $15,000 school-building bonds.
Taunton, Mass.— Temporary/ Loon.— This city bag borCo, of Boston at 3 30%
rowed $35,000 from F. S. Moseley
discount. Loan matures Nov. 7, 1905.

&

Triadelphia (W. Va.) School District.— Bond Election.—
of Education has called an election July 8 to vote
on the question of issuing $50,0C0 school-building bonds, to
be dated July 1, 1905. Denominations, one hundred bonds
for $1( each and eighty bonds of $501) each.
Triml)le (Town), Tenn. Bond O^ertng. —Proposals will be
received xintll 6 p. m., June 30, by T. A. Pierce, Mayor, for
from $6,0C0 to $7,000 5% coupon school- building bonds. Danomination, $500. Date, July 1, 1905. Interest annually at
the Trimble Banking Co, Maturity on July 1 as follows
$1,000 in 1910; $1,500 in 1915; $2,000 in 1920, ''the remaining
issue July 1, 1925." Certified check for 6% of the amount bid,
payable to the Town Treasurer of Trimble, Tenn., required,
Accrued interest to be paid by purchaser. Bonded debt, this

The Board

issue.

Assessed valuation, $110,000.

Tropica School District, Los Angeles County, Cal.—
Bonds Foted.— This district on May 27, by a vote of 23 for to
none against, authorized the issuance of $12,000 5^ 1-24-year
school-bulldlng bonds. See V. 80, p. 2237.
Y.— Bond O^erfngr,— Proposals will be received
until llA.M. today (Juce 24) by William H. Gearin, City
Comptroller, for $44,818 33 4% 1-20-year registered tax deficiency bonds. Authority, Chapter 130, Laws of 1905. Denomination, one-twentieth of the amount of issue. Date,
May 1, 1905. Interest, semi-annual. Certified check for not
less than 1% of the par value of said bonds, payable to the City
of Troy, required. Accrued interet-t between date of bonds
and actual payment therefor must be paid by the purchaser.
Tupelo, Miss.- Bond Blection.— An election will be held
to day (June 24) to vote on the question of issuing $25,CO0
(serial)

Troy, N.

-

June

THE CHRONICLE.

24, 1905.]

C—

refunding school house, water- works completion and eleotric-light plant-enlargement bonds.
Tarlock Irrigation District, Stanlslaas Conaty, Cal.—
Bond Sale.— Oi. the $134,000 6% and 6i 30 year gold coupon
general-expense bonds described in V. 80, p. 1989, 15,500
(thirteen bonds at |400 and three bonds at |100 each) were
awarded to Ed, Malley, San Francisco, at par. No other

Bonds Voted.— Taia townWadesboro (Townsliip), N.
ship at an election held on Jane 17 voted in favor of a proposition to issue $35,000 5i 50-year bonds in aid of the proj acted
Winston-Salem South-Bouad Railroad.

Ward County (P. O.Minot), N, Dak.— Bond Offering.—
Further details are at hand relative to the offering of funding
bonds mentioned in last week's Chronicle, Proposals will
be receivei^ until 2 p, m on Jaly 5 by the Chairman of the
Board of County Commissioners for $160,0 1)0 4% coupon funding bonds. Denomination. $1 OjO. Dace, July 1, 1905, Maturity, July 1, 1925. Authority, 2025 to 2042 Rev. Code of
North Dakota. Certified check for |3,(KJ0, payable to J. W.
Fabrick, County Auditor, required. Present bonded debt,

bids received.

Tuxedo (N.

Y.)

Union Free

Scliool District, No.

6,— Bond

OJ'ering'.— Proposals will be received until 12 M. Jaly 6 by

Paul Tuckerman, No. 59 Wall Street, New York City, for
registered gold bonds of this district. Dj,te, July
$20,000
Denomination, $1,000. Interest semi-annually at
1, 1905.
he Manhattan Trust Company of the City of New York.
Maturity, $1,000 yearly oa Jaly 1 from 1908 to 1925, incluBonds, approved as to legality by Appletoa L. Clark,
sive.
Esq., will be deliverable on the day of sale. This school district is in Orange County and includes within its boundaries
the whole of Tuxedo Park.
The offlcial notice of this bond offering will be found
among the advertisements elsewhere
this Department,
Tyler Coanty (P. 0. Middleboarne), W. Ta.— Bond Election.— An election will be held June 27 to vote on a proposition to issue $60,000 Q% 1-80-year (optional) court-house

a

Waverly, Morgan Connty, III.— Bond Safe —On June 1
$5,000 5f sidewalb: bonds were awarded to the First National
Bank, Pittsfield, at 10202,
Denomination, $825,
Date,

June 15, 1905. Interest, annual.
Waynesboro, Pa.—Bond Sale.— Oa June 15 the $11,000
street-improvement bonds and the $9,000 4^ coupon funding
bonds described in V. 80, p, 2422, were awarded" to the People's National Bank, Waynesboro, at 103 '335,
Following are

H

the bids:
People'sNat. B'k.Waynesb.. $20,667 00 N. W.Harris 4 Co.. N.T
$20,10131
Hayden. Miller * Co.. Oleve. 20,*60 5) W.J. Hayes & Sons. Cleve... 20,00500
AibenC. CasB, New York.... 2u,H40 0) People's
National
Bank.
*10,000 00
Lamurechi Uroe. & Co.. N. T. 20,102 06
Shippensburg
I

|

I

I

•

bonds.

Bid for iio.ooo.

Wellstou, Ohio.- Bond Offering. -Proposals will be recelved until 12 M,, July 10, by J. H, Browne, City Auditor,
for $6,000 5* I 10 year (serial) sewer bonds. Authority, Section No. 2835 (commonly known as the Longthworth Bond
Act) of the Revised Statutes. Denomination, $610. Date,
July 1, 1905. Interest, semi-annual. Certified check for $200,
payable to the City Treasurer, required. Purchaser to pay
accruel interest,
Wellsvllle, Oliio,— Bond* Authorized —The City Council
has authorized the issuance of $18,000 43^^ debt-extension
bonds. Danomination, $500, D^te, Jane i, 1905,
Interest,
semi-annually at the oflBce of the City Treasurer. Maturity.
$3,000 June 1, 1925, and $2,600 yearly on Jane 2 from 1926 to

Taadalla (Ohio) School District.—Bonds Not Sold.— We

are advised that the $8,000 i% bonds offered on June 12
(description V. 80, p. 2237,) were not sold.
Tan Eman Free Turnpike Road No. 46, Taa Wert
Coanty, Uhio.— Bo/id O^ermj.— Proposals will be received
June 27, by the Road Commissioners of the
until 1 p. M
Van Emsn Free Turnpike Road No. 46, at the law oflBce of
Balyeat & Conn, Van Wert, for $7,500 i}4i coupon road improvemeat bonds. Denomination. $500. Date, July 1, 1906,
Interest semi-annually at the County Treasurer's oflBce.
Maturity as follows $500 on July 1 from 1906 to 1918, inclusive, and $1,000 on July 1, 1919.
Blank bonds to be furnished by purchaser. Certified cheolt for $500, payable to
Abijah Goodwin, President of Road Commissioners, r-qalretl.
.

:

LOANS.

Assessed valuation, 1904, $6,132,728.

$20,000.

m

NEW

2G39

1931, inclusive.

NEW

fWJLOANS.

|»VWVWW>.'WW\,'S/N,'S/W,'W^

LOANS.

S 100,000
HUDSON COUNTY,

N.

J.

Town of West Hoboken OITY OF YONKERS,
Hudson County, N.

GOLD BONDS.
By virtue of resolutions of the Board of Chosen
Freeholders of the County of Hudson, State of New
Jersey, passed at a meeting held Monday, June 19th,
1905, sealed bids and proposals will be received and
opeaed at a meeting of said Board to be held in the
Court House, Jersey City, N. J.,

THURSDAY. JULY
at

4

o'clock,

1'.

6,
ni.

1905,

for the sale of

Thousand Dollars
($750,000) Refunded War Renewal Bonds.

(seven

Hundred and

FIftT

to be issued in accordance with an Act entitled "An
Act to authorize any County In this State to renew
matured and maturing bonds," approved April 19th,
1905 (Chapter 174, Laws of 1905).
The above issue to be four (4) per cent per annum
Coupon Bonds, to bear date the Jfirst Day of August
1903, and to become due and payable on August 1,
1933, interest payable semi-annually in gold, and to
be sold for not less than par and accrued interest.
Each proposal or bid mnst be enclosed In a sealed
envelope, endorsed "Proposals for Bonds" and to be
accompanied by a certified check, enclosed therein,
drawn to the order of Stephen M. Egan, County
Collector, on some National Bank or Trust Company
'n the sum of Seven Thousand Five Hundred Dollars
(|7,500) or cash to the same amount.
The Board reserves the riglit to reject any or all
bids if it be deemed for the best interests of the
County so to do.
By order of the Board of Chosen freeholders of
the County of Hudson, N. J.
JNO. P. EGAN, Clerk.

^30,000
TOWN OF TUXEDO,
Orange Coanty, N. Y.

School District No. 6 Gold Bonds.
Sealed bids will be received at the ofiBce of Paul
Tuckerman, No. 59 Wall Street, New York City,
nntll noon on the «TH OK JULY, 1»05, for the purchase of $20,000 Registered Gold Bonds of Union
Free School District No. 6, Town of Tuxedo, N. Y.
These bonds, in the denomination of Sl.OOO each,
bearing interest at the ra'o of 4fc per annum, payable
semi-aonaaliy and dated the Ist day ot July, 1H05.
payable, principal and Interest, at the Manhattan

Trnst Company In the City of New York, will be payable one in each year ensalng the date thereof.
The bonds, approved as to leaallty by Appleton L.
Clark, Usqnire, will be deliverable upon the day of
sale.

The Board
all bids.

reserves the right to reject any and

N. Y.,

J.,

SCHOOL BONDS.

BONDS.
Sealed prc^posals will b^i received by the Town
Council of the 'I'own of West Hot)oken at the Town
Uall, corner of Charles Street and Clinton Avenue,
ia said town, on

Wednesday Kvnnlng. July

5, 1905.
O'clock,
for the purchase of an issue of OiieHundred Thousand Dollars in bonds ot said Town to be issued under authoritv of the Act of the Legislature of New
Jersey, entitled " An Act authoriaing the incorporated cities, towns, townships and t>oroaghs of this
State to fund their flouting indebtedness and their
matured and maiurinff bonas," approved March s!3,
luby, as amended by Chapter 3 of the Laws of 1901,
and by virtue of an ordinance for the purpose
adopted by the Town Council of said town on June
14, lyi 5. Said bonds are to be Issued for the purpose
of raising money to pay and redeem improvement
certificates issued by said town which have matured and which remiiu due and unpaid.
Said bonds will tiear date the flrst. day of July,
1905, will be in denomination o' One Thousand
Dollars each, will become payable at the expiration
of twenty vears from the date thereof, will bear interest at the rate of four per cent per annum, payable semi-annually, and maybe either registerea or
have coupuns attached for each half-jear'» interest,
at the option of the purchaser.
The Slid bonds will be sold to the person or persons offering the most advantageous terms to the

At Eight

Town, bat

at not less

than tbeir par value

;

the
bids

Council reserves the right to reject any and all
If deemed for the interest of the Town so to do.
The bonds will be delivered on ttie fifteenth day of
July, 19C5, at the otflce of the Town Treasurer on
payment of the purchase price and the accrue! interest on the bonds from the first of July, 1905.
Each proposal must be accompanied by a deposit
of Two Thousand Dollars in money oracheca for
Two Thousand Dollars drawn to the order of the

Sealed proposals are invited for $37,700 Four Per
Cent Registered Bonds, interest payable April and
October Ist.
These bonds are issued In conformity with the
provisions of Chapter 543 of the Laws of 1899 and
of resolutions passed by the Common Council June
1?, 1905. They will be dated July
mature as follows

1,

1905,

and

will

:

April 1.1920
April 1, 1921
April 1,1922

§10,000
10,000
7,700

The necessary papers

to establish the legality of

this issue will be furnished Immediately to the suecesful bidder, who will be expected to take up the

bonds on July 10, 1905, which must be paid for by
certified check to the order of the Treasurer of the
Board of Education, Yonkers, N. Y.
Proposals must be accompanied by a certified
check to the order of the Treasurer, as above, and
endorsed " Proposals for School Bonds," and addressed to J. H. Claxton, Secretary of the Board of
Education, Yonkers, N. Y.
The right is reserved to reject any or all bids'
which will be opened in the Board Room, High
School Building, TUESDAY, JUNE 27, 1905. at 8
o'clock, P.

M.

CHARLES

H.

FANCHER,

RUDOLPH EICKEMEYEB
PETER U. FOWLER,

Jb.,

Committee on Finance.

Treaijurer, on, and certified by, some renponsiblebankor trust company the deposits of unsuc-

Town

;

cessful bidders will be returned immediately after
the award of the bonds is maae the deposit of the
successful bidder will be treated as a payment on
account of the purchase price of the bonds, or, in
case he shall fall or neglect to take the bonds at the
lime appointed theretor, will be retained by the
Town Council and be applied to the cost and expense of re-advertisini and to any deficiency of
;

price that may arise on a re-sale of the bonds.
AH proposals must be enclosed in sealed envelopes and be endorsed " Proposals for Bonds."
No conditional bid will be received.
All bids that do not comply witn the terms stated
herein will be considered informal and will bo reiected
By order of the Town ronncll.
JOHN P. McMAHON.

Town

King, Hodenpyl

&

Co.,

BANKERS,
7

Wall Street,
New York.

21 7 La Salle Street,

Chicago.

Members
New York Stock Excbanee.

RAILROAD AND
STREET RAILWAY

BONDS.

Clerk.

Dated June 22d,19C5.

Blodget, Merritt
Trowbridge & Niver Co.
BANKERS,
MUNICIPAL AND PUBLIC SERVICE

,

Congress Street, Boston.
30NAS!^AV STREET, NEW YORK.

16

BONDS.
CHICAGO,
Ut Nat. Bank Bidg.

& Co

BOSTON,
60 State

Street.

STATE. Clff & RAILROAD BONDS.

—

,

:

.

THE CHRONICLE.

2^40

[Vol. lxxx.

WinoEa County (P.

Wettlleld, N. Y.— Bonds Xot Sold.— The following bids
were received on Jane 16 for tbe |15,C00 i% refunding water
bords described in V. 80, p. 1990:
W. J.Uayes & Soni. Cleveland. 101*57
10a-5B
otto Ke'sey, Albany
108-50
10113
George M. Hahn, New York
S. A. Kean. Chicago
We are advised that these bids were all rejected, as they
were illegal according to Section 129 of Village Law.
Wei<t Hoboken (Town), Hudson Connty, N. J.— Bond
O/er in flf.— Proposals will be received until 8 p. m Joly 5, by
the Town Council, for $100,000 i% funding bonds, either coupon or registered at option of holder. Denomination, $1,000.

0. Winora), Minn.— Bond Sale.— On
13 the $17,500 4<J coupon poor house bonds described in
V. 80, p, 2363, were awarded to C. A. Boalt
Co., Winona,
at 100*50 and blank bonds. Following are the bids :

June

&

I

I

offlcial

!

(P. 0. Winston-Salem), ForSjiti
County, y. V.—Descr'ption of Bonds.— The |iOO,000 5%
coupon bonds voted April 11 as a subscription to the capital
stock of the Winston-Salem South- Bound Railway Co. will
be issued in denomination of $500 or $1,000. Interest semiannually in NfwYork City
Maturity, 80 years. Preeeat
bonded debt, $160,000.
Assessed valuation
(estimated),
$7 Of 0,000. See V. 80, p. 1754.
Xenia, Ohio.— Bonrfa ^ur ^on'«ed.— The City Council has
passed an ordinance providing for the issuance of $38,000
Market Street paving bonds.
Yates Sch( ol District No. 3, Orleans Connty, N. Y.—
- BondSa^e.-Oa Jane 30 the $14,000 4^ school bonds dePoiibed in V. 80, p. 2422, were awarded to the Union Back,
Medina, at 100*105 and accrued Interest.
Yonkers (N. Y.) Seliool District.— Bond OJering.- Proposals will be received until 8 p. m., June 27, by J. H.
Claxton, Secretary Board of Education, for $27,700 4st registered school bonds. Authority, Chap. 543, Laws of 1899.
Date, July 1, 1905. Interest, April 1 and O^j^ober 1. Maturity on April 1— $10,000 in 1930, $10,000 in 1921 and $7,700

Treasurer, in the

of this bond offering will be found
Department.
Westmoreland County (P.O. Greensbnrgh), Pa,— Bonds
coupon
Not Sold.—Vfe are advised that the 51,(00,COO
conrt-hcuse bonds offered on June 22, and described in V. 80,
p. 2863, were not sold.
West Orange (N. J.) Scliool District.— Bonds Votd
This district on June 21, by a vote of 29 to 3, authorized the
leeuance of $7,500 4% school repair bonds. Denomination,
Maturity, $500 yearly beginning 1913. Dite of sale
|500.
not vet determined.
Wilna Union Free Scho< 1 District No. 1 (P. 0. Cartilage), N. Y.— Bonds Fofed.— This district on June 9, by a
vote of 77 to 45, authorized the issuance of $28,000 highschrol bonds. Details of issue not yet determined.
Winnipeg, Manitoba. Dibenture Saie.-Oa Jane 16 the
$1,209 87f> 4^ gold debentures maturing $111,713 68 in 1912,

The

)

(

&

A

among

60
00

Winston 'Township

Date, Ju'yl, 1905. Interest, semi-annual. Maturity, July
Authority, Act of Legislature approved March 23,
1, 1926.
deposit in money
1899, as amended by Chap. 3, Laws of 1901.

Town

50

.

,

or certified ohecb^, payable to the
amount of $2,000, required.

Fi'stNat. Bank, Winona
H7,S91 00
John A. Mathews
7,531 50
Minn. L.'n & Tr Co.. Mlnn'Us. 17.626 50
N. W. Harris 4 Co., Chicago. 7,521 00
00 8. A. Kean, Chicago
.... 17,517 50
00 Trowbrldse & NlverCo..Chlc. I'.sro UO
50 Kane & Co., Minneapolis
17,500 CO

C. A. Boalt (fc Co., Winona.. .J17,587
F. L. Fuller & Co.. Cleveland. 17,677
C. H. Coffin. Chicago
17.676
H. H. KolUns * 80D8, Chic. 17,635
Union Investment Co
17,626
W. J. Hayes it, Sons, Cleve.
17.612
Farson, Lieach
Co.. Chic.
17.608

notice

the advertisements elsewhere in this

H

—

"The neceesary papers

to establish the legality cf
be furnished immediately to the successful
bidder, who will be expected to take up the bonds on July
10, 1905, which must be paid for by certified check to the
order of the Treasurer cf the Board of Biucation, Yonkers,
N. Y."
The official notice of this bond offering teill be found
in 1922.

this issue will

$44,654 86 in 1915. $363,836 89 in 1920, $271,860,18 in 1925 and
$417,809 81 in 1935 (for description see V. 80, p. 2238,) were
awarded to ^milius Jarvis
Co., Toronto, tor $1,304,031
and accrued interest. Following are the bids:
^millns Jarvis t Co.. Tor $i,204.f 31 00 Dominion Securities Corp.,
Toronto
E. H. Gay & Co., Montreal 1,198,628 58
$1,188,883 00
+1,037,4*1 58 John Nnveen & Co., Chlc. *261,000 00
Hanson Bros
+ For the 15, 20 and 30-year bonds. * For the 20- year bonds.

&
I

1

NEW

LOANS.
ST'0,000

and

City of Atlantic City, N.

3J^%

Direct Obli&rations of the City.

J.
Sealed bids will be received for J70,000 School

City will receive sealed pro-

posals for

$90,000 Gold Conpon School Bonds

NATIONAL BANK, NEW YORK

HANOVER

CITY.

Also

$60,000 Gold Coupon Paving Bonds
denominations of $1,<100, dated June 1, 1905, maturing on June 1, 1925, wlthcut, option, with Interest
at 4 Der cent, payable semi-anDually at 'he HANOIn

VER NATIONAL BANK, NEW YORK

CITY.

Comptroller wi 1 receive bids for these
bonds until twelve o'clock noon of
ity

MONDAY, JUNE

a«, 1905,
any or

re'ervlcg, however, the right to reject

all

bids.

The legalitj of these bonds has been apprr ved by
Dillon & Hubbard, of New York, whose certificate
as to legality will accompany the bonds when delivered. The bunds will be engraved under the supervision cf and certified as to ihelr genuineness by
the United S'ates Mortgage & Trust Co., of New
will

be

made on

or about July

Bonds of the City of Ansonia, Connecticut, until 12
M., MONDAY, JULY 17tb, 1905. The bonds will
date from July

In denominations of 11.000 each, dated July 1, 1P05,
payable §l5,ono on July 1, 1925, and $15,C00 on each
BUDseqnent July 1, until July 1, 1930. Said bonds
are wiihout option, with Interest at 4 rer cent per
annniD, payable spnal-annually at the

York.
Delivery of bonds

!8llS,000

4 Per Cent School Bonds.

of the

<

^I^J-OANS.

ANSONIA, CONN., Town of Milford,

$60,000 PaTing Bonds

The City of Atlantic

Department

the advertisements elsewhere in this

NEW

LOANS.

,000 Scbool House Bonds

The

among

5,

1905.

Blank forms of proposal, ulvlng full particulars,
will be f uintsbed on application to
A. M. HESTON,

Ist, 1905,

and be issued

in serial

form

of $1,000 each, and bear Interest at the rate of i per
cent per annum, payable semi-annually on Jan. Ist
and July Ist, and will mature as follows
$3,000 on July 1st in each year until paid, beginning with Numbers 1, 2 and 3, July 1st, 1906.
All proposals must be accompanied by a certified
check payable to the order of the Mayor and City
Clerk for two per cent of the amount
of
bonds bid for, atd the same to be forfeited if the

bidder fails to acceptand pay forthe bonds awarded.
The successful bidder or bidders will be required to
settle for the bonds, with accrued Interest from
July Ist, 1905, at or before delivery.
The bids will be opened by the Board of Aldermen
in the chamber of the Board of Aldermen in the
City Hall, In said Ansonia, at 8 P. M., Monday, July

Conn.,

BONDS.

Town of Milford, Conn., offers bonds for $18,0"0,
bearing Interest at Z]4, per cent, payable semiannually.
For a safe investmert no better security was ever
offered.

For further Information apply to

SANFORD HAWKINS, Town Treasurer.

Perry, Coffin

&

Burr,

INVESTMENT BONDS.
60 State

Street,

BOSTON.

17th, 1905.

The right to reject any and all bids is reserved,
Address all bids in a cealed envelope to the City
Clerk, Ansonia, Connecticut, marked "Proposals
for School Bonds."
Attest:
CARLOS H. STORRS,

INVESTMENT BONDS.

SAMUEL G. HEDSHAW,
JOHN C. MEAD.

Comptroller.

SEND FOR

LIST.

Committee of the Board of Aldermen.

#'ro,ooo
Town of Weehawken,
Iluilnon Co., N. J.,

Ro.nd
ITCOr^O

DENISON, PRIOR&CO.

T

MUNICIPAL

by the Township
Comml'teeof the Tcwnship of VVeetiawken, Hudson
Co., N J on .lUNK k!7TH, I9r5, at eight o'clock tn

F.

R.

1.I8T

-

•

ILLS.

•

ON APPI^ICATION.

171

,

,,„

.,a„„^ry

i;

^^ 1920 to 1936.

Dtliverable: July 15, 19^5, at Weehawken.
Payable: iTindpal and Diierest In Weehawken.
Deposit: a certiued check or cash for 8^,000 with

MacDonald, McCoy
MUNICIPAL

Co

CORPORATION

BONDS.

bids.

The

right iH reserved to reject any and all bids.
For further ilefails see artvenlsement In "Hoboken
Observe r" pub Ished at Hoboken, N. J
TUO.MAS J. CaKUOLL, Township Clerk.

AND

&

171

La

,

LA SALLE STREET,

CHICAGO.

i\i.

'>

jHnuary and July.
Denomlnutlun: $l,(ioo.

FULTON & CO

Municioal Bonds,

»70.i 00.

Purpose: Immovement of Road.
*''"*^0
Mat
urltv ,, ^,„o on J/inunry 1, In 19'6 to 1P26.
Maturity
Interrst:

CHICAGO,

BOSTON.

CLEVELAND.

172 Washington Street,

Rnad Improvement Bonds under Chapter

129, l.aw8 of N. J., for 1905.
Sealed propocaU will be receive d

Amount:

oriMnQ
O^I'^L^^-

and

CORPORATION

Improvement Bonds.

the evening, for the put chase of the followlig
per cent HL'Uil annunl coupon bonds.

POTTER,

B.

Salle Street, Chicago.

EatRblltihed 1MS5.

H. C. Speer
First

Nat

& Company

Baulc Fnilding, Cliicago.

COUNTY
AND TOWNSHIP

CITY

BONDS.

z=zs——^——