The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
1W
flnanrial
nmtcb
antmerria
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section (™ rUI™)
State
(Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of CongTess, In the year 1904, by William
VOL.
B.
Dana Compant,
SATURDAY, JUNE
78.
'
in the ofHoe of Librarian of Congress,
NO.
1904
25,
Week ending June
—
%\tz (JPmmide.
Clearings at
1904.
1903.
of
2035.
18.
Inc. or
Dec.
PUBLISHED WEEKLY.
Terms
Washington, D. C.
1902.
1001.
"'0
Subscription— Payable in Advance
For One Year
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
$10 00
6 00
13 00
7 60
Annual Subscription in London (Including postage)
Six Months Subscription in London (including postage)
£2
£1
14s.
lis.
Subscription includes following Sections—
State and City (semi-annually)
Bank and Quotation (monthly)
Railway and Industrial (quarterly) Street Railway (3 times yearly)
I
Boston
Providence
Hartiord
New Haven.
Springfield
Worcester
Portland
Kail River
Lowell
New Bedford
Holroke
Total New England.
139.723,649
6.694,000
2.647.915
1.900,110
1.410,384
1,408,76b
1.458,397
640,098
478,463
432,192
403.860
132.004,052
7,180,800
3.451.036
1.736.402
1,460.180
1,722,075
1.588,078
944,502
413,726
537,716
390.270
+145
+ 109
134,739.305
0,579,500
2.432.051
1.642.391
1.806.818
1 567.703
1,586.070
865.358
510,802
484.535
418.807
167.053.842
140,447,449
+118
152.639.940
178,863.474
20,237,000
18.804,710
10.711,075
7,873,810
6,748,441
4,103,800
3.028,919
2,068.145
1,981.263
1,703.223
1,165.650
669.700
844,088
537,479
745.610
587.013
568.502
479,575
348,890
399.192
325,000
305,196
216,257
241,726
230,000
93,980
168 084,088
+6-4
—149
168.253.640
22.846.500
16.103.808
9,739.703
6.741,155
6.518,610
4.270.250
2,635,802
2.451,848
1,517,662
1,418,657
993.190
792,400
501,064
028,643
+33
505 062
7
417,719
564,953
411,301
460,676
816.067
226.089
263.231
212,004
187,465
241,314
95.160
364.744,718
257,782,858
+27
248,358,896
30,876.399
6.607.111
4,060.48"
3.958.522
8,269,894
2,326,80
1,822.677
+38
+55
—10'
+58
+103
+57
+211
+90
19.181,206
2,781.256
1.997.980
4.537,489
2.831.915
1,049,029
1,059,951
727.572
+275
26,352.972
4,759.890
2.781.626
3,290.337
4,191.264
1.664,288
1.201,120
551,494
406.650
225.275
—82
+3'9
+9-4
—38
-18
2
—8<S
-316
+157
—214
131,905,440
6,118.000
2.360 218
1.370.855
1,311.998
1.556.363
1,232,080
816,368
683.149
308.014
332.405
147,984,948
|
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of Advertising
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Chicago
Inch Space
Cincinnati
Transient matter per inch space (14 agate lines)
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(8 times)
Three Months
! Six
Months
Twelve Months
(13 tunes)
(26 times)
(52 times)
L OND ON A GENTS
Messrs.
•ortptions
•ach.
Edwards &
£4 20
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29 00
50 00
Cleveland
87 00
Toledo
:
Smith, 1 Drapers' Gardens, E. C, will take sub
of the paper at Is.
Box
Office
Columbus
DANA COMPANY,
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Evansvllle
Akron
Publishers,
Springfield.
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Post
Indianapolis.
Peoria
and advertisements, and supply single copies
Wll.LlV'I B.
Detroit
Milwaukee
NEW YORK.
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Lexington
Canton
Rockford
Springfield.
CLEARING HOUSE RETURNS.
Ill
Youngstown
Kalamazoo
O
Bloomington
Quincy
Decatur
The following table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson.
United States for the week ending to-day, June 25, have Ann Arbor
Total Mid. Western
been §1,809,892,720, against $1,889,301,332 last week and
San Francisco
$1,945,306,582 the corresponding week last year.
Los Angeles
Clearings— Returns by 'letearaph.
Week Ending June
New York
Boston
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
Seven
Other
cities, 5
cities,
Total
days.
5 days
5 days.
all cities,
all cities
for week.
P. Cent
1903.
^847,290,069
99,956,935
86.079.008
17,445,414
127,383,619
42,244,256
11,944,556
J887.936.926
89.299,140
102.245,106
16.727.153
146,047.669
38,555 834
12.128.335
$1,232,343,857
277,469,942
$1, 292.940. 163
324.298,742
$1,617,238 905
328,067,677
$1,509,813,799
300,078,921
All cities, 1 day
Total
1904.
25.
i\, 809 ,692,720
$1,945,306,532
— 12-8
Week endino June
1904.
1903.
Inc. or
8
Philadelphia..
Pittsburgh
Baltimore
Buffalo
Washington.
Albany
Rochester
Scranton
.
Syracuse
Wilmington...
Wilkes Barre..
Wheeling
Blnghamton
.
Greensburg....
Chester
Erie
Franklin, Pa..
Reading
Total Middle
,046,072.968 1.272.385,337
105.465.612
120.351,604
38,156.714
51,090,906
21,470.951
24.006.4ff5
6,577.246
6.373.622
4,290,803
3.814.559
4.285,857
3.395.301
3,380.803
3,634,985
1.990.5S1
1,600,000
1,194,012
1.454,258
072.417
1.095.380
857.806
1,069.761
716.377
845,970
1.230.1593,007
—134
-253
-108
114.931.271
40,677.042
22.353.443
5.461.864
4.1W2.690
3.472.795
2,416.658
1 371.963
1,281.278
1,137,657
673,935
+3-2
+12-6
+24-7
+60
-19-0
-179
— 11-2
-19-8
-15-3
—05
439,400
441.700
384,241
474.583 —190
419,815
653.422 —35'7
540,012
470,804 +13-2
205,220
202,556
+1 :S
, in in
1.031,478 Not include il
831,805
320,500
404.522
326.183
1
887.868,888
127.784.503
48.018,88.-)
24.8§8,193
6,935.8*2
3.843.430
8.197.184
1,076.570
1,418.168
1,489,036
012.322
724.094
617.258
813.200
442,909
289.699
'
-
1,236,737,136 1.492,503.748
tal.
-17"1 1.430,535,033 1,858.532.088
—7-1
—30
+7
+8T2
+22
-15
319.-434
188.856
189.589
70,000
180 036
157.708
75.621
221.969,557
17.093,915
12,103.504
8.192.135
5.468.717
6.979.044
4.573,963
2.220.387
1.667 835
1.203,980
954,093
744.581
+17-9
15,309.910
11.128,011
6,487.014
6.640.871
4.200,047
4.891.300
2.111.237
1.480.237
1,222.700
900,785
499.271
700,000
156,518
14.912.966
9.079 720
6,298.408
4,706 206
4,600.593
St.
St.
Paul
Joseph.
&30.19'
806.310
985.178
503,209
162,870
425,000
Wichita
Colorado Springs
Fremont
Cedar Rapids
Total other West'rn
St.
Louis
Orleans
New
Louisville
Houston
Galveston
Richmond
Savannah
Memphis
Atlanta
Nashville
Norfolk
Worth
Birmingham
Kort
Mhcoh
Chattanooga
Jacksonville
-17-8
+338
20.159.771
13,756,360
7,867,090
5,623.522
4,829,000
4,724.485
2.135.421
1,349.525
Kansas City
Beaumont
New York
+3-4
—17-8
34,690,353
Charleston
190L
8
45,432.028
Little Rock.
1902.
Dec.
—7
+5-6
Knoxviile
at—
Clearings
+7-3
52.504.995
A ugusta
18.
+3'9
-123
+10-6
53.337,336
,
-67 Denver
-85 Des Moines
Sioux City
—70 Topeka
per cent.
—60
+2 9
—89
—234
638.28;:;
Davenport
is 1*3
—181
503,204
278.836
Omaha
The full details for the week covered by the above will 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
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering tbe returns for the period ending with Saturday noon, June 18, and the results for the corresponding
week in 1903, 1902 and 1901 are also given. Contrasted with
the week of 1903 the total for the whole country shows a loss
of 10-2 per cent. Outside of New York the increase over 1903
+1-?
—7-4
Fargo
Sioux Falls
Total Pacific
Minneapolis
-14-4
-18-1
140.755.658
21,041,900
14.597,817
10.082,382
0,530,278
4,016.075
3.5 13.050
1,021,401
2,208.643
1,282.729
1,109,972
086,080
584,000
441,895
520.803
437,723
461,237
387.587
328,004
Helena
Seattle
Salt Lake City
Portland.
+96
—1-5
+30
29.738,065
5.483.710
8.847.062
3,808.520
8.089,293
2.108.754
1.723.887
627,092
459.830
218,776
Spokane
-46 Tacoma
+11-9
-15-8
+4-3
25.475,200
16,851,321
10.240,773
7,447.171
7,284,771
5,083.200
3.222.982
2.699.181
1.928.876
1,870.426
1,132,984
768,900
582,775
631,230
721.924
547,089
616.335
463.914
424.614
298.451
349,75
316.745
232.555
176,138
225,000
111.457
Columbus, Ga
Total Southern
.
.
Total all
Outside New York
389 383
+20'5
+54
-40
+28
—30-8
+33
-38
— 19
1
-80-5
—155
+82*4
+446
-0-6
174.431
Not include d
337 72!)
192.226
4,20i
1,618.519
1.110,509
078,056
872,684
485,239
1,019,780
123,020
in to tal.
62.798,947
61,767,174
+1-7
54.727.907
50,013,445.
62,871,187
15.145.777
11.197,344
6.147.031
3,441.000
4.442,230
3,825,870
4.052.680
2.537.569
2,217.412
1,562,089
42,381.316
14,706,293
+25-0
45,027.989
12,001.055
43.032.0939,373,941
m
11.072.471
6 173.001
-338
2.o;(0.5oo
+:i0'5
3.826,527
2,581.443
3.033.630
2,802,841
2,130,072
1.516,02"
--16-1
- -28-8
--336
--102
1,229,401
1,5-
—224
977.433
1.173.495
1,085,350
672,733
1,025.790
275.886
850.000
600.000
899,120
180,548
923.030
1.632.950
758.233
790.350
904,241
1
683
00'
I
708.390
711.134
861,651
+30
+59
5.758.181
2.607.000
3,382.307
2.994,189
2,505.301
2,077,358
1,748,271
1,404.232
1.520,589
3,198.031
+43-1
777.255
741.059
—281
—155
727,9 12
8,491,852
1,023.581
2.748.000
3,773.105
8,658,828
2,034,171
1,017.195
1.359,018
1.370.885
1.081.072
819.941
581,539
758,968
538,046
+6-8
— 59e
500.000
498.404
423.875
336.358
+200
—29"
+1486
Not Include d In to
101,243.025
+13-5
,889,301,332 2.104.309,249
-102
114,029.353
10.0511,150
+1-3
842,028,304
831,923,912
20.780.041
17,073.588
5,128,712
1.684,665
2,022,891
1,676.176
1,431,469
1,138.033
31.820,506
17,886,184
1,811,801
2.204.496
1.731.593
1,325,059
1,011.424
+11 -6
954,447
943,111
801.895
997 488
B66.37S
692.58$
04 284,668
658,000
449,539
308,991
ral.
07.701.681
86,279.424
2.020.396.845 2 399.481,415
798,093,838
762.113,000
18.531.951
12,253.084
1,872.119
1,662,812
+35-3
20.637,707
15 587.221
3,016,308
1.619.365
2,685,S41
1,534,808
1,109.095
043.77s
073.014
884,876
475.551
—168
49,217,154
38,870,903
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
Quebec
Vancouver
Hamilton
St. John
London
Victoria
Total Canada
63,505.818
4,547.3:58
-38
-45
+128
-8-1
-8-3
-o-o
+80
-4 3
+102
1.491,917
964 879
693,008
758,515
643.130
—
THE CHRONICLE.
2570
STREET RAILWAY SECTION.
A new number
of our
Stbeet Railway Section,
The
sent to our subscribers to-day.
editorial discussions in the same embrace the follow-
revised to date,
is
ing topics
[Vol.
Lxxvm.
After this pnenomenal spurc In tne output, what is
the situation? To be sure there is a setback to the
movement in progress, but the consumption is still
enormous.
No condition of bankruptcy prevails.
There is simply a quiet readjustment under way, and
The contraction in producit is all that is needed.
STEEL SUBSTRUCTURE FOR RAILWAYS.
tion
REMOVING GARBAGE ON TROLLEY CAR3.
A NEW SYSTEM OF SUBAQUEOUS TUNNELING.
least
among those furnaces and
is
factories
which are
advantageously situated, where the material cannot be manufactured at present cost and marketed
without loss. Such an organization as the United
States Steel Corporation is not now a buyer of basic or
THE FINANCIAL SITUATION.
Bessemer iron; it makes its own and is consequently
The event of the week has of course been the Be out of the market. What effect the breaking of the
publican nominating Convention at Chicago and the Like tie-up of the iron ore fleet will have so far as the
work it did. Business affairs are sometimes disturbed, prices of iron and its production are concerned,
relieved or enlivened by achievements of that kind. we are not prepared
On its faoe, it
to say.
This year we cannot say that the occasion or its results would
The
business.
promise new
seem
to
has had any concurrent effect on the Stock Ex- Duluth correspondent of "The Sun" states that
change or in any of the commodity markets. The "vessels of the United States Steel Corporation's
outcome, consequently, Indicates that the transactions ore fleet are beginning to make their appearance in
were so wholly In accord with expectations that they numbers at the various ore-shipping ports from Duhad been fully discounted. Some have claimed luth to Escanaba, and the movement of the ore forthat there was even a lack of enthusiasm at Chicago.
ward to docks is under way. The Steel Corporation
That may be possible, for it would be expected; in- has 112 ships, of which 72 are steam vessels and about
deed, it would follow almost as a sequence on 60 will be in commission by the close of this week.
an
occasion
when there was no doubt or Other owners have a number of ships under way, and
as
rivalry
to
the
Convention's
choice
for
the
Those reports mean nothing as
bearing upon the campaign which is to follow. It at
all events starts
with the presumption decidedly
election
favoring the
of the candidates nominated.
If there is to be any doubt as to the issue or any deep
Interest in the canvass, the opposition party will have
to put up for President and Vice-President candidates
unquestionably sound on the money problem and other
financial issues, while adopting a clear, moderate and
highest
office.
it is
believed
will
vessels
that fully 200 of the larger class of
be running by Saturday
(to- day)/'
All
It
this must mean new work and new activities.
ought certainly to affect favorably and directly the
business of a certain class of railroads and indirectly
which, together with the decidedly better
market for the sale of railroad securities, ought to be
followed by the giving out by the roads of fresh orders
for rails and equipment hitherto so conspicuously held
others,
back.
conservative policy of tariff revision.
Not much that is new can be said about the crops,
ground for discouragement ought to be except that another week has been added to the satisdrawn from the announcement that furnaces, foun- factory weather conditions which have prevailed of
dries and even manufactories are shortening produc- late almost everywhere.
It is a rare event for vegetion.
This is nature's way of relief under conditions tation to take so united a start and make such uni-
No
special
like the present.
procedure were general it
would prove a serious liquidation in progress, bnt it
is by no means general.
Indeed, we know no department of trade except iron and steel where it is a pronounced feature. No wide accumulation of stocks of
goods] has been reported. The cotton goods trade
has been demoralized, but that is due to a special and
well known cause.
Short-time and stoppages are
always an incident in a coarse of business prosperity
in this country, when production for the time being
runs ahead of home consumption, and a setback
occurs.
Sometimes it is in one trade, sometimes it is in another, and sometimes it is a condition
of several departments; in all cases whereever that
situation develops there is a disposition to run less
hours or with brief stoppages by way of a remedy.
There is nothing unusual about that situation and
nothing that should disturb confidence in the general
soundness of affairs. This over-production is, as stated,
more radical at this time in the iron and steel trade
than elsewhere. No one can be surprised at that fact
when the wonderful expansion in the trade specified
is recalled. There never was such a radical develop-
ment
—8urpaBslng
If that
formly good progress in so wide a portion of this vast
country as has been done the last few weeks. It
affords good reason for the new hope which has concurrently become quite manifest in our security market.
is,
The
hence,
feature of most
its
moment in
general character.
It
development
would be difficult
this
to recall a time
when
many
Ordinarily, investigations are satisfied
quarters.
the good cheer
came from
so
from the West and South
from
that is,
the States famishing the surplus
wheat, corn, oats and cotton. To-day reports of a
similar favorable situation come likewise from the
Eastern and Middle States. This is not only true of
corn and other grains, so far as they are a factor in
the total yield, but especially is it true of hay and
vegetables, including potatoes, which were ia extremely short supply in the same sections a year ago.
Now they are well advanced and favor an abundant
yield.
Sach a factor in the make-up of the situaif
fair progress is reported
—
tion, if it
should be realizad in the
final results
of
have a general and
stimulating influence on our manufacturing Indus'
the year's crops, could not
fall to
tries.
previous occasions in the extent of the additions to the material made and in
New bond issues continue to be taken with conthe brief period in which the extensive growth in siderable avidity.
List week the $10,000,000 New
the production was attained.
York Central Bailroad 4 per cent debenture
all
June
bonds
THE CHRONICLE.
25, 1904.]
oy J.
offered
P.
Morgan &
Co.
wore,
as
our news columns at the time, largely
over- subscribed, a considerable block being taken for
stated
in
foreign account.
York Central 4 per cent
whloh these bonds
were offered), it must be admitted, is an attractive
This week the offering by
looking investment.
Dodge
Clark,
&
Co. of New York and Lse,
Meesrs.
Hlgginson & Co. of Boston of the unsold portion of
$9,500,000 Illinois Division
3£ per cent bonds
of 1949 of the Chicago Burlington & Quincy RR
was also largely over- subscribed. The price was
92i and interest. In May $6,992,000 of the same
issue of
bonds was marketed, but the rate of
interest in the bond then was 4 per cent and the price
102|. Another large loan offering the present week
was a new issue of Chicago Rock Island & Pacific
Railway notes (three-year gold 4$a) redeemable on any
The notes are secured by $11,interest day at 102.
250,000 of new refunding bonds and were sold to a
syndicate headed by the First National Bank of this
city and reported to include J. P. Morgan & Co.,
The notes
Blair & Co. and Kidder, Peabody & Co.
are understood to have been re-sold to investors at
Last; April the Chicago Rock
slightly under par.
Island & Pacific Railway placed $5,000,000 4$ per cent
one year notes secured by $7,500,000 of refunding bondr.
bond
•
A New
issue
Two
(the price at
at 97$
among the
much slgnifi
dividend suspensions have been
news of the week. Neither possesses
cance or has any bearing on the railroad situation
2571
the extensive Improvements made on tne system during the last six months, the cost of which has been
largely defrayed from earnings, rendered the payment
This explanation of
the management will have to be accepted as conclusive,
particularly as the class A bonds are held almost enof interest out of the
question.
by Insiders.
was also reported this week that the Canada South
era Railway had reduced its dividend, but that a'ate
ment was erroneous. The Canada Southern last Febtirely
It
ruary paid l^Jper cent, whloh, together with the 1 per
cent paid the previous Aagunt, made 2£ per cent out
Last year
of the earnings of the calendar year 1903.
a
new
lease to the
Michigan Central was entered into
for 999 years, the
latter
company guaranteeing
divi-
dends on Canada Southern stock at 2| per cent yearly
until 1910 and thereafter at 3 per cent.
The dividend
just announced is the first one under the new arrangement, and naturally as the new dividend ra*e is 2£ per
cent per annum, the distribution is to be in two equal
half-yearly Instalments of 1£ per cent eaoh.
There was no change in official rates of discount by
any of the European banks this week, and, compared
with last week, unofficial or open market rates were
firmer at London and at Paris and easier at Berlin
and Frankfort. The features of the statement of the
New York Associated Banks last week were high records for the year for specie, legal tenders, cash reserve and for surplus reserve.
Loans were increased
$7,596,500 to within $29,238,800 of the highest on
a whole. The directors of the Indiana Illinois & record. The cash reserve showed a gain of $6,502,800
Iowa Railroad have decided to omit the semi-annual and general deposits increased $12,781,300 to within
dividend payment of 2 per cent due in August. The $9,700,300 of the greatest heretofore reported. The
as
is much like that of the Lake Erie
Western, which last week reduced its semi -annual
dividend from 2 per cent to 1 per cent. Both roads
are comparatively small properties, and both suffered
greatly from the severe winter weather experienced
and the large increase in expenses resulting from that
cause.
Being small roads, they were not in posi-
position of this road
&
required reserve was augmented by $3,195,326, deducting which sum from the gain in cash, left $3,-
307,475 as the increase in surplus reserve, to $38,869,875.
Calculated upon the basis of deposits less those
of $23,420,700 public funds, the surplus is $44,725,050.
The bank statement
among other items the
of
this
week should
reflect
reoeipt of $137,000 transferred
some of the larger com hither from San Francisco and $100,000 transferred
panies. Both roads, too, form parts of the Vanderbllt hence to New Orleans.
It Is expected that $1,050,000
system of lines in the Middle West, and all Vanderbllt Japanese gold will arrive at Saa Francisco on
tion to stand the loss like
companies, as the reader knows, are very cautious June 30 and $160,000 on July 1, both of which sums
The action of will be transferred hither through the Treasury. A
In the matter of dividend payments.
the Indiana Illinois & Iowa hardly affeots outsiders at consignment of $268,000 gold bullion from Nome, the
all,
as the
Lake Shore & Michigan Southern Co. owns
$4,870,600 out of the whole $5,000,000 of stock issued.
preliminary income statement shows net earnings
first
of the
season,
arrived at Seattle,
Wash., this
week.
A
twelve months ending June 30 1904 of only
$208,930 as against net of $482,133 in the correspond-
for the
ing twelve months of the preceding
fiscal year.
Money on
call,
representing
bankers'
balances,
loaned at the Stock Exchange this week at
As cent and
at
1
1
1
per
per cent, and some loans for small
were $214,000 and a 2 per cent divi- amounts were reported at £ of 1 per cent. The bulk
dend calling for $100,000 had been paid last February, of the business was at 1 per cent, and the average was
the oompany obviously was unable to make a second about 11 per cent. Banks and trust companies loan
dividend payment out of the earnings of the fiscal year. generally at 1-j per cent as the minimum. Time loans
In fact, there is a slight deficit ($16,070) below even on good mixed Stock Exchange collateral are quoted
at If @2 per cent for sixty to ninety days, with scarcethe February dividend payment.
The other road which suspended payments on one ly any business; 2£ per cent for four to five months, 3
interest charges
of its issues
of that
is
the
Wabash
Railroad.
company have decided
July on the debenture
The
directors
to omit the dividend
A
per cent for bIx months and 3£ per cent for seven to
nine months. The inquiry is chiefly for loans extend-
This action ing into the new year, but borrowers are unwilling to
came as a complete surprise. The debenture B bonds pay more than 3£ per cent for such contracts, and
have never had any dividends, but the amount of consequently few transactions are reported. The supthese is quite large, namely, $26,500,000, while the ply of commercial paper is moderately large and the
Rates are 34 per cent for sixty to
class A issue is small, amounting to only $3,600,000, demand is good.
on which the semi-annual call at 3 per cent is only ninety day endorsed bills receivable, 3^@4 per cent
$105,000. President Ramsey is quoted as saying that. for prime and 4@41- per cent for good four to six
due in
bonds.
.
s.
—
.
..
THE CHRONICLE.
2572
months' single names.
The buying
is
chiefly by loc»l
payment,
4
institutions.
4
[Vol. lxxviil
845034 8460
cotton
;
acceptance,
for
8510@4 8525, and grain for payment, 4 86@4 8510.
The following shows daily posted rates for exohange
The Bank of England minimum rate of discount re- by some of the leading drawers.
DAILY POSTED BATES FOK FOREIGN EXCHANGE.
mains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in Loudon
Wkd., THCR., FBI..
TtTK8 M
Fri.,
MON.,
June 17. June 2).' June 21 'June it. June 83. June U.
PariB
is
at
rate
market
open
oent.
per
The
2i@2£
86
86
88
86
86
60 days 4 89
Brovm
88
per cent and at Berlin and Frankfort it is 3£ per cent.
88
88
88
88
Brothers
(Sight.. 4 88
86
86
86
88
86
(60 days 486
According to our special cable from London, the Bank Baring,
88
4 83
88
88
88
88
Magoun & Co Sight
86
86
86
86
86
Bank
British
60 days 4 86
week
the
during
bullion
£723,084
gained
England
of
88
88
488
*8
88
88
Sight
No. America.
88
86
86
86
88
80 day* 486
and held £36,167,161 at the close of the week. Our Bank of
488
88
88
88
83
88
H
I
}
.
.
(
j
.
(
.
J
correspondent further advises us that the gain was
due to tbe import of £132,000, of which £9,000 from
Australia, £6,000 from Paris and £5,000 from other
countries and £112,000 bought in the open mar
(Sight..
Montreal
Canadian Bank < 60 days
of Commerce.. ( Sight
Heldel bach Iok- J 6<> day
elheimer & Co. j Sight
Lazard
< 60 days
.
.
The
Britain.
to
exchange market has been dull and
Irregular this week, with fluctuations within a very
narrow range and the business chit fly in cable transfers, for which there was a good demand in connection with the semi-monthly settlement at London.
There was lome inquiry for sight bills on Monday for
the steamer sailing on the following day, which would
be the last to arrive out In time to deliver remittances
to meet requirements for July interest on American
securities held abroad. After this demand was satisfied
business In this class of exchange subsided and cables
were in re quest, though the inquiry for them was sufficThere was no eviient only to absorb current offerings.
dence of drawing of finance bills, the low rates for money
offering no inducement for the negotiation of these
drafts.
After Wednesday there was a better demand
for long sterling, such bills being preferred for remit
The
foreign
London
The supply
of commercial
after the
small,
those offered were chiefly against grain
visions.
One
feature of the
88
86
88
86
88
88
movement
New York
of
money
banks.
Net Interior
Movement.
1,346,000
I8.C78.000
897,000
Gain. $1,817,000
Gain.
419,000
$11,941,000
$8,076,000
Gain. $2,966,000
I9.895.0i0
With the Sub-Treasury
operations,
the result
is
as follows:
Week ending June
24, 1904.
Into
Out of
Net Change tn
Banks.
Banks.
Bank Holdings.
Banks Interior movement as above
Sub -Treasury operations
$11,241,000
22,600,000
$8,975,000
93,100,000
Gain. $9,966,000
Loss.
500,000
Total gold and legal tenders.
$33,841,000
$32,075,000
Gain. $1,766,000
. .
The
In
following table Indicates the
the principal European banks.
June
Bank
35,167,181
France. ... 111,616,883
Germany... 86,373,000
84,727,000
Russia
Spain.
Italy
Net her] 'ds.
Nat. Belg..
in
exchange at Paris on London, indicating the subsidence of the demand for remittance of French capital for investment or other employment at that centre.
This fall in Paris exohange had some slight irlnence
upon francs in our market. Gold receipts at the
Custom House for the weeK were $128,248.
Nominal quotations for sterling exchange are 4 86
for sixty day and 4 88 for sight.
The market was
moderately active on Saturday of last week, but the
changes in rates for actual business, compared with
June
23, 1904.
Silver.
£
England....
and pro-
amount
of bullion
25, 1903,
of
Gold.
and
week was a decline
by the
86
88
86
88
86
8b
86
88
f=6
Received bv
Shipped by
N. T. Banks N. Y. Banks.
24, 1904.
Total gold and legal tenders.
Avis. -II un..
was
Interior
Currency
Gold
turn of the half-year.
drafts
86
88
following gives the week's
and from the
Week ending June
tance because of expectations of the usual decline in
discounts in
86
88
88
88
86
88
86
88
86
88
88
88
86
86
88
86
88
88
Freres
(Sight.. 4 88
Merohants' Bk. ( 60 days 486
4 88
of Canada
(Sight
ket; to exports of £6,000 to Gibraltar; and to receipts of £597,000 net from the interior of Great
86
88
86
88
86
4 86
488
486
488
486
46,987,000
14,700,000
Total.
Oold.
£
£
35,167,161
37,708,688
45,488,807 157,055.190 100,520,293
12,780,000 49,153,000 36,186,000
8,085,000 98,812,000 77,165,000
13,997,000 60,984,000 45,801,000
20,418,000 36,113,000 14,554,000
Silver.
£
87,703,683
45,061,417 146,581,740
18,714,000 48,900,000
8,936,000 86,101,000
13,180,000 58,981,000
5,478,800
3.999,300
6,ess,aco
26,044,300
12,114,600
18,877,000
3,940,300
20,633,000
2,246,800
6,644,200
3,080,667
1,540,333
4,621,000
8,093,333
1,546,687
82,045,000
7otal.
85,187,000
90,6 3,800
10,581,600
4,640,000
Tot. week.. 360.179.511 112.891.640 478,064,151 337,84S,eO»i 110,962,114 148,807,643
Tot, prey... 359,777.707 112,465,713 472,943.420 336.955.835 110.91 5,661 418.57l.4P6
NOMINATING CONVENTIONS.
would not perhaps be unfair to say that what has
attracted the most attention and comment, in connection with this week's Republican Convention at
Chicago, has been the absence of deep interest and
suspense in regard to its proceedings. Enthusiasm
there was in the Convention when Mr. Roosevelt and
those of the previous day, were confined to cable Senator Fairbanks were put in nomination, bnt the
transfers, which fell 6 points, to 4 8746Q4 8755.
On excitement shown in other years by the outside public
Monday sight rose 10 points, to 4 8736@4 8740 and was not in evidence, and in the nature of the case
cables 6 points, to 4 8755@4 8765; long was un
could not be, when the action and in the main the
changed at 4 8535@4 8545. On Tuesday short was utterances of a convention are foregone conclusions.
easier in the absence of demand at a decline of 10
No doubt existed in the public mind when the Conpoints, to 4 8725@4 8730 and cables fell off 5 points, vention met that it would nominate Mr. Roosevelt for
to 4 8750@4 8760; long was unaltered.
On Wednes- the Presidency. An almost equal certainty existed
day, however, there was a decline of 10 points In this in advance over the Vice P-esidential nomination
class of bills to 4 8525@4 8535, but short and cables the public interest in that selection having in fact
were unchanged. On Thursday long rose 10 points, mainly converged on the question whether an exto 4 852534 8546 and short 5 point?, to 4 8725® tremely Interesting political character of the day, who
4 8735; cables were unchanged. The market was had refused to let his name be used, might not be
firm on Friday at an advance of 10 points for long forced to take it. Even as to this it was settled beand for cables, closing at 4 8535 @4 8545 for fore the Chicago Convention came to order that there
long, 4 8725014 8735 for short and 4 8760@4 8765 for would be no contest £ that Mr. Cannon's name would
cables.
Oommercial on banks, 4 8510@4 8526 and not be pressed, and that Senator Fairbanks would be
documents for payment, 4 84£@4 8610. Cotton for unanimously named. So, it may be said of the platIt
I
June
THE CHRONICLE.
25, 1904.]
2573
form, that It was known to have been drawn up and candidate for the Presidency. Bat to these contenapproved some time ago by the party leaders. Its tions it will at once be answered that until the delegeneral character was well understood in advance gates from all the States had met, it could not be
of its publication and no one expected any serious positively known what their choice as a whole would
contest on the floor. Thus there was really left no be, and that such chances as that at Chicago in 1896
factor of doubt, of chance, or of contest, such as has merely go to prove that the caucus retains Its right of
frequently prolonged for a week or more the
national convention and converged on
It
life
of a
the breathless
uninstructed choice.
Like Mr. Bryce, we look to see the present convention system continue, though with modifications as
time goes on among which, let us hope, will be such
attention of the whole American community.
It
would of course be unreasonable to expect, in any convention concerning whose acts no uncertainty existed, decent restraint on expressions of feeling by delegates
the sort of excitement and enthusiasm that used to at- and spectators ai will leave some dignity to the contend the putting in competitive nomination of succes- vention's supremely Important function. The other
sive "favorite sons."
question which the recent Convention brings up again
Several questions are suggested by this week's con- Is even more dlfnoult to answer.
It concerns the
vention, however, as to our nominating system as an Vice- Presidential office, and is a problem with which
institution.
It has sometimes been suggested that our Constitution-makers and politicians have wrested
the plan of monster gatherings of this nature, crude since the foundation of the Government. First, the
—
whims of a
moment, and transacting their delicate and important business in full sight and hearing of an uproarious
public in the galleries, was bound to disappear with
the increasing age of the American Republic and the
increasing conservatism of the American people.
in organization, subject
to impulses or
candidate getting the second highest list of votes for
President in the Electoral College was to be declared
Vice-President. This promptly developed the objec-
would seat in the Executive chair a candidate of the defeated party, and
the law was amended. Then, when the first death
This Idea is rejected by so well- equipped an observer occurred among occupants of the White House,
as Mr. Bryce, whose conclusion, after a thorough de- there was an effort to deny to Tyler the title
scription and analysis of our convention machinery, and full powers of the President.
Finally came
concludes
that the plan
tion that a President's death
conform- the plan of naming for Vice-President either a deable
to the habits of the people
that It is feated aspirant for the Presidential nomination or a
not likely
eoon to disappear."
And indeed public man of weight, but not of enough to aspire to
it is bard to see how the plan could be altered or the higher honor.
It ia this tradition, along with the
superseded. Practically the only other system of fact that Vice-Presidents have neither patronage nor
selecting candidates for a chief executive office is that power, except in the unlikely case of a Senatorial tie,
practiced in Eogland and to an extent copied In which has thrown tne office into such disfavor that
France that system conceding that members of a ambitious public men are apt simply to refuse, as
given party in the Parliament are entitled to select Speaker Cannon did, to stand for it at all. The dantheir own leader and that this leader is the natural ger of such traditions about the office, when at least
candidate for executive powers. Under such con- one out of every five Presidential terms since 1840 has
ditions the caucus is a sort of family affair.
Eren in been marked by the death of the President, is a very
the rather noteworthy case where Sir William Har- old matter of discussion; but we do not think the disconrfc's claim to the leadership (and, in case of the cussion has made any progress towards a remedy, and
Tory Ministry's defeat, to the Premiership) against we are much inclined to think that the case is worse
the claim of Lord Rosebory, it could hardly be said to-day, so far as regards disinclination of eminent
that there was such a thing as nomination. A formal men to accept the office, than it was a generation ago.
caucus of the Liberal members of Parliament was inVague proposals to add some responsibility or honor
deed held, but only for the purpose of putting a for- to the Vice Presidential office, and thus to increase
mal seal on a selection already made by personal ex- its actual inducements, have failed to meet the needs
first, because nobody has yet been
change of views.
of the case at all
This was in fact the American system of selecting able to suggest what responsibilities could be added;
candidates until 1840, at which time the public's rest- second, because it is doubtful if any fresh responsilessness, under the Congressional intrigues which bilities would prove attractive except such as interattended and preceded the nomination, broke down fered with the powers of President or Congress,
the system onoe for all, and replaced it with the which of course would not do at all.
If the Cabinet
present plan of public nomination by accredited dele- in its present form had been developed as an institugates from the State conventions. It is not conceiv- tion in the early days of the Republic, it is possible
able that the old plan, with the enormous power over that, as Franklin urged even as it was, the idea of a
might
abandoned.
a new executive which would naturally be enjoyed Vice-President
have
been
by the Congressional clique which plaoed him in The law of 1887 assigning the s accession on
nomination, will ever again be seriously considered. the death, resignation or inability of both PresiFailing that, it is rather difficult to imagine a sub- dent and Vice-President to the Secretary of State,
stitute for the present system, crude aad archaic the Secretary of the Treasury, the Secretary of War,
as it unquestionably is.
It may be argued, on the the Attorney- General, the Secretary of the Navy and
one hand, that this week's Convention was an instance the Secretary of the Interior, in the order named,
proving the needlessness of the costly convention provides against a vacancy and insures executive conparaphernalia; and on the other, that we witnessed trol by the duly elected party; and the Constitution
eight years ago one of its formidable dangers, when a Itself provided for a special election in the case of
single violent and inflammatory speech, by an obscure such death or disability of the President and Vice"Is
so
exactly
—
—
end unknown delegate, so far wrought on the feel- President. It is conceivable that these provisions
ings of the gathering that he was forthwith made might have been applied in the event of the death,
THE CHRONICLE.
2574
resignation or inability of the President
alone; thus
dispensing once and for all with the Vice -Presidency.
But the Cabinet as an institution was In its Infancy
not been
An
issue
[Vol. lxxviti.
commanding much over 40 in the market.
of bonds might have commended itself, but
could such a bond issue be floated with a reasonable
chance of success? In deciding the matter a great
was regarded
with great jealousy by Congress and the people, and many circumstances had to be taken into considerthe Vice Presidential plan seemed the only natlsfac ation. While there baa been a very active demand for
tory recourse.
It Is not probable that it will ever be bonds recently on the part of investors, the demand
has been almcet entirely for high-grade issues. The
abandoned.
The platform Is of note as reaffirming in these words Southern Pacific Co. was not so situated that it could
offer a low- rate bond likely to prove attractive to
allegiance to the gold standard:
when
these earlier laws were framed;
It
We
believe It to be the duty of the Republican Party
to uphold the gold standard and the integrity and
value of our rational currency.
This utterance has excited no surprise
been taken as a matter of simple course.
Itself Is significant
of the
financial Interests.
As we have already seen, enormous amounts have
been spent upon the property in recent years out
and has of earnings, so that the company is really in bet*
That of ter shape than at any previous time in its whole his-
revolution since the years
Bat the fact that the stock was not a dividendpayer, no matter how large the amount of Its surplus
earnings from year to year, would certainly have militated againBt the company in seeking to borrow upon
people embodied in this change. The silver issue is advantageous terms. Besides, any new bond issue
as dead in 1904 as the fiat-money Issue was in 1880 or would have come after the company's present bonded
1884; and it has been the habit of both parties, in obligations, and would have been unattractive on that
tory.
of evasion and quibbling which preceded the fight of
We can hardly doubt that next month's St.
1896.
Louis convention will recognize the attitude of the
dead issues by drop- account. Then, again, the existing bonds were not
ping tbem and taking their stand, as the Democratic commanding very high figures in the market. The
Party did in 1880 and the Republicans in 1896, plainly collateral trust 4s, for instance, maturing in 1949,
on the issues and principles of the day.
have been selling this year as low as 87£. This is a
their past, to pay their respects to
SOUTHERN PACIFIC'S METHOD OF MEETING ITS CAPITAL REQ UIREMENTS.
The Southern
printed circular to
Pacific
Its
Company has
sent out
a
stockholders bearing on the pro-
posed issue of $100,000,000 7 per cent preferred stock,
which $40,000,000 is to be offered to existing share-
of
which must necessarily have played an important
part in fixing the price of any new bond issue.
It is also to be recollected that some very considerable amounts of the existing bonds, both of the Southern Pacific Company itself and of its subsidiary companies, fall due in the near future; so the matter altogether was quite complex. There was (1) the float-
fact
have approved the ing debt to arrange for, (2) the future capital needs
proposition.
Probably no recent action by a large of the company to provide for, and (3) maturing
railroad company has excised so much comment as bonded obligations to keep in mind.
this step by the Southern Pacific Company.
Considering all this, the proposition to issue a preIt has been evident for a long time that some means ferred stock, coming before the stock but after the
would have to be provided for financing the company's bonds, looks like a very clever device for bridging a
needs, but suggestions have always been of some large difficult situation.
As the preferred stock will have
new bond issue, not a stock issue, and least of all pre- no Hen on the property and will not bear cumulative
ferred stock.
As we showed In reviewing the com- dividends, the position of the common stock is really
pany's annual report for the fiscal year ending June better than It would be in the event of a new bond
30 1903 in our issue of Feb. 13 1904, the expenditures issue possessing foreclosure rights. The only objecfor the construction of new lines, for the reconstrnc
tion that has been made is as to the rate of dividends
tion of and betterments of existing lines, and for to which the preferred stock is to be entitled, 7
equipment and other property, aggregated for the per cent being deemed high in some quarters. But
laBt three fiscal years no leBS than $62,774,171.
It here, too, the action of the managers was dictated,
abo appeared from the annual report that the com- we must assume, by the
the
exigencies
of
pany on June 30 1903 was carrying leans and bills situation. With the company's 4 per cent bond 8
paj able to the amount of $33,409,721, all but about selling at or below 90, the rate of dividend on
$1,000,000 of which had been created during the the preferred stock obviously could not be low, since
twelve months preceding. Moreover, further large such stook, having no mortgage lien and no right to
sums were needed for additions and betterments in cumulative dividends, would manifestly be inferior to
the immediate future.
The only way to compena bond Issue of any kind.
It will be remembered that all surplus earnings of sate for the absence of the features which make a
the company have been spent upon the property ever bond attractive was to place the dividend rate high.
since the organization of the company In 1885, the In determining the rate, too, it was absolutely
amounts appropriated in this way in recent years hav essential that the figure be fixed sufficiently high
ing been particularly large.
But all this sufficed to render the new loan a positive success. If it had
only in part to meet the company's needs for improve- been attempted to make the dividend only 5 per
ments, additions and betterments, as is seen by the cent or 6 per cent, and then the preferred stook had
fact that a floating debt existed on June 30 last of sold at a discount, the whole scheme would have come
234 million dollars.
to naught.
This being the situation, the question was simply
As it is, the success attending the arrangement
what was the best method of dealing with it. It shows that the management planned wisely. In the
canr ot be said that the management had a great variety first place the rights to take the new stock are comof choice.
To issue more common stock was alto- manding a premium In the market, these rights being
gether out of the question, as the existing stock has quoted at 3@3£. In the Becond place, the placing of an
holder b
after
the stockholders
June
25, 1904.]
THE CHRONICLE
intermediate issue between the common stock and the
bonds, to be paid for in cash, has acted already to
stock
improve the market value of the old bonds. The
collateral trust 4s, mentioned above, advanced last
week from 91 to 931, and this advance has been firmly
held the present week. The action is likely to
prove beneficial in another way later on we mean
in improving the credit of the company when
refunding
the
to
oonded
comes
it
obllga
maturing the next two or three years.
tions
Besides the 4 per oent collateral bonds already
referred to and which do not mature until Aug. 1
1949, the Southern Pacific Oo. has a 4£ per cent col
lateral trust Issue for $30,000,000 which matures on
Dec. 1 of next year. Then the Southern Pacific Bailroad has $12,605,500 6 per cents maturing April 1
1905, $4,045,000 6s maturing Oct. 1 1905, $4,513,000 6s
falling due Oct. 1 1906, some $3,500,000 of other
issues maturing in 1905, $5,156,000 of Northern Kailway of California 6s due Jan. 1 1907, in addition to
some other issues. This is what is meant by President
Harriman when he states im the company's circular
Pacific,
—
is
2575
to bear.
Pacific's floating
It
debt
true
is
is
that
the
owed mainly
Southern
to the
Union
but the Union Pacific has itself been obliged
to create a large floating debt (the amount June 30
1903 was no less than $14,250,000) in order to be able to
take care of that of the Southern Pacific.
The 7 per
cent dividends, too, are only a contingent charge,
whereas in the case of a bond issue the yearly call
would be a fixed charge , to be met whatever the
amount of earnings. Another consideration should
be borne in mind: With the credit of the company
improved, it should be possible to effect an important
saving in yearly interest in refunding that portion of
the company's debt which matures the next few years,
and which now bears 6 per cent
Interest.
suppose that the management
had all these various contingencies and circumstances
in mind when they determined upon the Issue of preferred Btock as the plan best adapted to meet the end
It is reasonable to
We
imagine they had no particular desire
any other plan that might
have accomplished the same purpose, If any such plan
which may well be doubted.
that the new preferred stock issue will enable the was actually available
company to refund bonded obligations maturing the It was the peculiar and exceptional state of things
next three years amounting to over $65,000,000 on a existing that made recourse to the preferred
much more favorable basis of credit than would other- stock plan a necessity. In like manner we may
wise be possible.
suppose that the New York Central management
Of the $100,000,000 of preferred stock to be author- would have pref err» d to issue stock rather than deized, the present Issue is to be only $40,000,000. The benture bonds to raise the money needed in the carryproceeds from the sale of the $40,000,000, the ing on of its various new undertakings, but for reacircular says, will provide the capital necessary to sons plain to every one a new issue of Central stock
discbarge all the company's floating debt and likewise at the present time would not have been advisable.
the amount needed for all additions and betterments Oa the other hand, the debenture bond issue, as
authorized and contemplated during the next year. events have demonstrated, met every condition. In
The payiDg off of the floating debt will also leave, each case the management adopted the expedient
the Central a bond issue,
best suited for the purpose
it Is stated, over $30,000,000 of free and negotiable
the Southern Pacific a preferred Btock isBue; and both
assets in the company's treasury.
As concerns the point that the policy of the South- plans have proved successful.
ern Paciflo is dictated by the Union Pacific, the f *ct
THE WORLD* 8 IRON PRODUCTION.
should always be remembered that tho Union Pacific,
holding such enormous investments in the Southern
The "Iron Age" this week presents some statistics
Pacific, is interested beyond all others in carrying on the world's pig iron production.
They are Interthrough that plan of financiering which may be for the esting not only as showing the growth In the yearly
It would output of Iron for the world as a whole but also as
best advantage of the Southern Pacific.
seem, too, as if the interests of Southern Pacific share- reflecting a change In the relative position of the three
holders were thoroughly safeguarded. Thus stock- leading iron- producing countries, viz., the United
Toe United
holders f et the right themselves to take the new pre- States, Germany and Great Britain.
will
acbenefits
they
the
so
whatever
ferred stock at par,
Ktngdom for a long time ranked as the largest maker
crue to them. No syndicate or other outsiders will of iron in the world, but some years sinco yielded
We note also that in the resolutions first place to the United States, which now produoes
get the profits.
which the stockholders are asked to approve it is dis- each year double the quantity of iron turned out by
It appears that in 1903 Germany also
tinctly provided that "said preferred stock shall be Great Britain.
Issued and Bold from time to time to such amounts passed ahead of the United Kingdom.
and in such manner as the board of directors may auThe following is the table referred to. The figures
par
value
the
than
Where the
thorize and determine, but at not less
are all stated In tons of 2,240 pounds.
official figures appear in metric tons of 2,204 pounds,
of the shares."
The interests of the common stockholders would they have been reduced to the ba3ls of the English
seem to be further protected by the provision making gro8B ton of 2,240 pounds.
WOBLD'S PIQ IKON PRODUCTION.
the preferred stock redeemable at the option of the
1902.
1903.
Grass ions.
company on or at any time after the first day of July
Gross torn.
18,009,252
17,821,307
United States
1905 and before the first day of July 1910 at 115. Germany and Luxemburg
9,926,251
8,269,700
8,811,204
8,517,693
Kingdom
United
should
This affords an opportunity to retire the stock
2,782,936
2,389,000
France......
sought.
for the preferred stock over
—
—
the step become desirable,
As conoerns the
yearly
charge to be put ahead of the common stock by
$40,OCO,000 of preferred stock now to be issued,
the
Belgium
Sweden.
the
Spain
Canada
changed from what it has Italy
Japan
beeD, since the floating debt which the Southern Pacific Otner countries
Totals
has been carrying has been costing it not far from 7
preferred
-Latest return,
per cent, the rate of dividend which the
situation
is
*2,481,066
'1,407,902
1,197,275
Russia
Austria-Hungary
really very little
1902.
2,481,0ti0
481,961
*344,469
265,418
*30,156
"24,108
200,000
1,407,902
1,053,000
516,110
344,469
319,557
30,156
24,108
150,000
...45,962,048
43,324,068
—
tup: chronicle.
2576
be seen from the foregoing that the make of
Iron in the United States in 1903 waa 18,009,252 tons,
that Germany came second with 9,926,251 tons and
that the United Kingdom stood third with 8,811,204
It will
tonB.
:
As we showed
in onr article last January, the
Tne
interesting fact
Vol. lxxviii.
I
disclosed by the foregoing
Is
that while the production of the United States aver-
aged close to 500 pounds per capita, and the United
Kingdom, Belgium and Germany also had high averages, the per capita production for the world at large
was only 68 pounds. It would be straining a point,
as our contemporary sajs, to hold that the world at
large must attain the rate of consumption shown in
the favored countries.
Still, a large measure of increase is bound to come, partly by the establishment
of iron-making in new districts and partly by a heavier
1903 output of the United States was the largest of
any calendar year in the country's history, notwithstanding that in the last six mouths production was
very greatly diminished as compared with the first six
months. Had the record of the first six months been
maintained in the second six months, the output for
the calendar year would have been almost a million international trade.
The United States, of course, is the chief iron conand a half tons larger than it actually proved to be
that is, would have been 19,414,734 ton*, against the sumer. With a production of 499 pounds per capita
it exports a less proportion of its products than does
18,009,252 tons.
Germany fell but little short of making ten million the United Kingdom with 470 pounds production,
tons of iron.
We believe it has never before hap- Belgium with 401 pounds or Germany with 380
pened that Germany in any calendar year produced pounds. A very liberal allowance for all exports, the
more iron than Great Britain; but Germany's progress "Age" thinks, would leave the United States as the
in iron production has been second only to that of the consumer of 475 pounds per capita, while, with allowUnited States. She has been steadily enlarging her ance for such exports as they do not make to each
output for a long time past. In 1901, it may be re- other, the United Kingdom, Belgium and Germany
membered, she suffered rather a serious setback, but would show an actual domestic consumption of only
this setback proved only temporary, and the onward about 300 pounds per capita.
march was again resumed in 1902. The "Age's" figEven the United States, it is pointed out, has not
ures cover only the last two years, but in the decade reached the limit of iron and steel consumption. It has
her production has just about doubled, the output for not wholly abandoned the use of wcoden fences, tele1903 at 9,926,251 tons comparing with only 4,986,003 graph poles and railroad ties; yet there are countries,
tons for 1893.
not producers of iron, where these are inadmissible.
The other iron-making countries lag far behind the In the estimation of our contemporary it is not an imUnited States, Germany and Great Britain. We have possibility that the United States consumption of iron,
had the curiosity to compare the "Age's" figures for already seven times that of the world at large, should
the latest year with the figures for previous years as be doubled, while should the whole world reach the
reported by Mr. James M. Swank of the Iron and present standard in the United States, the world's proSteel Association, and find that several of these other duction of pig iron would have to be increased seven
countries made more iron in 1903 than in any previous fold. This thought, we are afraid, will hardly avail to
year, more particularly France and Belgium.
bring immediate revival of our iron industries, which
Still, the rate of growth in these other countries is are for the time being in a drooping condition; but it
very small. In fact, the increase in the production is certainly encouraging as showing that there is likeof the world as a whole in the last few years has not lihood of continued growth in the future after we
been so striking as might be supposed. According to recover from the present setback.
the statement above the world's production in 1903
was 45,962,048 tons, as againBt 43,324,068 tons for
For 1901 Mr. Swank made the amount
356,000 tons. In the two years, therefore, the
1902.
THE FUNCTIONS OF AN ACCOUNTANT.
40,-
We
have received the following letter from Professor E. S. Meade, of the University of Pennsylvania,
crease has been only 5f millions tons, or not quite
with reference to the article published in our issue of
14 per cent, making an average for the two years of 7
June 11 entitled " The Functions of an Accountant.'
per cent a year.
When we go back to 1890 we find that the make of Mr. Meade's letter requires no modification of anything said by us, but we are glad to have this explanairon then was 27,157,000 tons.
As compared with
elaboration of his views.
the 46,962,048 tons for 1903 this is an increase for tion and
Philadelphia, June 14 1904.
the thirteen years of 18,805,000 tons, or not quite 70
Editor Commercial and Financial Chronicle, New York
per cent. The rate of growth for the thirteen years
City
thus has been about 5£ per cent per annum cerDear Sir— You will pardon a few words of comment on
tainly not an excessive rate of growth.
Our con tern your editorial of June 11th on "The Functions of an Accountporary in the article already referred to furnishes ant." You take exception to the statement made by me in
cue other compilation which we reproduce herewith. an address before the Pennsylvania Institute of Certified
Public Accountants, that the accountant should qualify himIt shows the per capita production for each ironself for the position of business adviser in case his olients
making country and for the world as a whole.
in-
—
1KB CAPITA l'RODUCTION.
United States
Germany
United Kingdom
Franco
Russia
Austria-Hungary
Belgium
Sweden
Spain
Canada
,
Per capita
Population. j>ounctg.
80,017,000
499
58.M9.000
380
41.9U1.000
38,962,000
111,000,000
15,105,000
6,691,000
5,199,000
18,618,000
5,457,000
170
160
39
(59
401
208
11
Italy
3?,47f>,000
Japan
109
2
45,802,000
1
1,609,134,000
68
The World
should wish to avail themselves of his services in that capacity.
As it seems to me, you attribute undue importance to
this remark, which is not at all essential to the argument
that the requirements of the accounting profession should be
As you state, the accountant is frequently
broadened.
called upon to give such advice and there can be no question
that an accountant who has specialized for a dozen years on
bank examinations, for example, will have accumulated during that period a store of knowledge upon which most bankers could on occasion profitably draw.
Whether the accountants as a profession will ever gain
such a standing in the business community that men will
June
25, 1904. J
THE CHRONICLE
turn to ihetn ior advice on ques'ions of business policy, involving let ns say the proper allowance for depreciation, or
the percentage of earnings which safety requires should be
invested in betterments, or the limit of safety in inourrlng
floating debt, depends upon the standing which the accountants have, and this will largely depend upon their prelimiCertainly an accumulation of disastrous
nary training.
experience within the last two years proves that in many
cases advioe on these matters is badly needed, while the
enormous percentage of failures out of the total number who
embark in business also proves that although, as you remark,
the business man usually feels that he is fully able to decide
questions of business policy for himself, his supposition is
frequently erroneous.
It is also evident, as you state, that no accountant could
ao familiarize himself with the dry goods business, the iron
businees, the leather business, and a variety of other branches
of production and distribution, as to be able to offer advice
to men engaged in these occupations. Whether an account-
2577
phasized to an increasing extent in the future.
One
of the
principal advantages expected as a result of the inauguration
evening school, to which you have referred, is that a
larger number of business experts will be available as instructors in evening classes. It would seem, therefore, that
business education, meaning by this the results of business
experience systematized for the purposes of instruction, has
been advanced to a point where it can be strongly recommended to young men, no matter into what business they
expect to enter, and that it should ba especially recommended
to those who aspire to the certiflaate of a Certified Public
Accountant.
Yours very truly,
of the
£. S. Mea.de.
all
ITEM8 ABOUT BANKS, BANKERS AND TRUST CO'S.
—The public sales of bank
stocks this week aggregate 848
which 828 shares were sold at the Stock Exchange
and 20 shares at auction. Of the transactions at the Stock
Exchange all but three shares were in the stock of the Naant who specialized on department stores would know more tional City Bank at 260-360^. No public sales of trust comabout conducting such an enterprise than a majority of those pany stocks have been made this week.
now engaged in the business is quite another matter. The Bhurta.
Eabuh Nun fork.
Price.
Last previous tale
26O-260 1*
large number of failures among department stores suggests '325 City Bank, National
Jun« 1904— 261
an affirmative answer.
All this is, however, superfluous to the main argument,
that the requirements of the accounting profession should be
broadened to include most, if not all, the subjects which
have been mentioned, and that the present limited requirements are entirely too narrow. The very interesting controversy between the Chronicle and Mr. Stephen Little in
1896, over Mr. Little's report on the finances of the Baltimore
& Ohio Railroad, shows that in this instance at least the
Chronicle attacked the correctness of an audit because of
what it believed to be an erroneous view on the part of the
auditor of the proper basis of capitalizing construction expenditures. This is a subject on which the Chronicle has
always held very definite opinions, which presumably reflect
the views of the most experienced financiers as well as its
own extended observations.
Might I suggest that a study of these conclusions and of
the facts from which they were derived, such a study as
could be pursued to best advantage in univerity courses,
would be of the greatest possible value to a young man inFor similar
tending to enter the accounting profession.
ignoraocountant
reasons, it is difficult to understand how an
ant of the complicated subject of foreign exchange can audit
a set of books involving a large number of these transactions,
or how one ignorant of the technical processes and businees
methods of the steel industry can hope successfully to install
a system of cost-keeping and statistical record in such a
plant. Is it not true, moreover, that, owing to the defective
preliminary training, the younger members of the accounting
profession, and especially the assistants, frequently spend a
large amount of time in a study of the business which they
are called upon to examine, in the meanwhile often imperfectly concealing their ignorance from the subordinates with
whom they come in contact? For these reasons the necessity of exacting from the accountant the same thorough
preparation which is demanded by law and medicine appears
to be plain.
American universities are now striving to give this preparstion. The subjects of accounting, auditing, money, banking, industrial organization, corporation finance and kindred
subjects have a definite content and lend themselves readily
to the purposes of systematic instruction. The amount of
business literature is enormous, and since for the most part
it embodies the results of the experience of business men,
this literature is of great value; The Wharton School of
Finance and Commerce, for example, in many of its courses
makes direct use of the files of the Chronicle, the "Iron Age,"
the " Railroad Gazette " and other journals of standing. A
large number of Government documents, containing in the
form of testimony expert opinion on a variety of topics of
business interest, are also available. The books on business
subjects which are now being put out in increasing volume
are directly based upon this material,
The Wharton School has also been able, owing to its loca-
shares, of
20&i«
*.i Commerce, Nat. Bank of
20 Paclno Bdnk
June 1904— 2*9
Jan. 1904— 270
265
•Hold at the Stock Exohange.
— Ic has baen decided to olose the New York Stock
Exchange oa Saturday next, July 2. The other principal
Exchanges will also rem tin closed on tha Siturday preceding
the 4th, those making announcement to this effect being
the Philadelphia 3to.sk Exchange, the New York Cotton
Exohange, and the New York Coffee Exchange.
—The New York Stock Exchange
the reoiplent of an immense vase from tha Czar of Russia, in token of the recent
listing here of various Russian loans.
The vase is about
seven feet high, and is of precious stone, ornamented with
silver, supported on a pedestal of Russian marble.
The presentation was formally made on Monday by the Russian
is
Consul-General, M. Nicholas de Lodygensky, whose remarks
were as follows
The Imperial Russian Ambassador at Washington dlreots me to offer
to you his deepest regrets that reasons of health prevent him from
enjoying the pleasure of personally delivering to you this floe prodaot
of Rasslan art, a precious gift from His Majesty the Emperor. His
Excellency, Count Casslnl, Is glad of this opportunity to express to
the members of the New York Stock Exohange the sympathy of the
Imperial Government for your oountry. He hopes and believes that
the Industrial, commercial and financial relations between our two
:
friendly nations will naturally develop for the greatest reciprocal advantage of Russia and America, whose manifest destiny Is mutual
understanding.
The gift was accepted in appropriate terms by Mr. H. K,
Pomroy, President of the Exohange.
—Group
VI. of the
New York
State Bankers' Association
will hold its summer meeting on July 8 and 9 at the Hotel
Rexmere, Stamford, N. Y. Mr. Robert A. Patteson, President of the Tarrytown National Bank, at Tarrytown, is Chairman of the Group, and Mr. Frederick B. Post, the Secretary.
—The National Park Bank of this city has
been designated
New York
for the State of
as the fiscal
agency in the city of
Kansas, beginning July
1.
— Mr. Leo Sohlesinger, who
ceiver of the Federal
Bank
was appointed temporary
of this city
on the
1st Inst.,
re-
has
been made permanent receiver by Justice Giegerich.
—In
the death of Mr. F. Wolcott Jackson this week, the
National Newark Banking Company of Newark, N. J., has
lost a staunch friend and its senior director.
Mr. Jackson,
who was President of the United New Jersey RR. & Canal
Company, was elected in 1859 a director of the Newark City
National Bank, which was consolidated with the National
Newark Banking Company
in 1902.
—The convention of the Connecticut Bankers' Association
was held on Wednesday of this week at New Britain. The
bankers, who at all recent annual meetings have taken up
the subjeot of the charges made by the New York Clearing
House for the collection of ohecks, at the present meeting
had before them a resolution calling for the appointment of a committee to consider and recommend as to
tion in a large industrial centre, to make use of the services the advisability of establishing a bank in this city, to be
of a number of men experienced in businees to supplement owned and operated by Connecticut banks, having for its
the work of the regular instructors, and this method of object the making of Connecticut cheoks par in New York,
instruction, especially in the advanced courses, will be em- and for the transaction of a general banking business with
?
THE CHRONICLE.
2578
[Vol. Lxxvni.
and for the benefit of the Connecticut banks. This resolution was referred to the executive committee. The following
bard, Cashier of the Citizens' National Bank of Spencer;
Vice-President, D. H. McKee, Cashier of the Citizens' State
of the association: President, Mr. Charles
W. Gale, Cashier of the Thames National Bank of Norwich;
Vice-President, A. Chamberlain, President of the Home
Bank
new officers
are the
National Bank of Meriden; Secretary, H. C. Lathrop, CashTreasier of the Windham National B ink of Willimantic
urer,
A. H. Dayton, Cashier of the Naugatuck National
Bank
of
Naugatuck.
—The Union Trust Company of Providence, R. I., has absorbed the Weyboseet National Bank of that city. The bank
was organized in 1831 with a capital of $300,000, which had
since been increased to $500,000. Its deposits were in the
neighborhood of $850,000. The stockholders will ratify the
merger on July 26. Mr. Charles B. Humphrey, President of
the bank, has been elected to the board of the Union Trust.
Franklin National Bank of Philadelphia has added
B. Morris to its board of directors. Mr. MorEffingham
Mr.
ris is President of the Qirard Tru3t Company of Philadelphia
and a director of a number of institutions.
A voluntary assignment has been made by the Prudential Trust Company of Pittsburgh to the Mercantile Trust
Company of Pittsburgh, the directors having this week
decided to suspend. The closing, it is announced, is the
—The
—
result of a
judgment
for
$29,725
entered against the in-
by a firm of Philadelphia contractors. The company had a paid-in oapital of $200,000. An additional $50,000
was authorized in April of 1903, but had never been paid
Deposits were said to be in the neighborhood of $150,in.
000 on the day of closing.
—The First National Bank of Pittsburgh, it is said, has
secured the leases from April 1 1905 of the property owned
by it in Wood Street, some of which had several years yet
to run. This is taken as an indication that the bank contemstitution
plates the erection of a
new
building next spring, although
has been made.
no* announcement to this effect
—The
is
Company
Euclid Avenue Trust
of Cleveland has, it
reported, called on its stockholders for the unpaid balance
The company's authorized capital
amount thus far $95,100.
and
the
paid-in
$500,000
of their subscriptions.
—Mr.
is
T. E. Borton bas been elected Assistant Cashier of
the Cleveland National
Bank
of Cleveland, to succeed Mr.
George E. Feller, who resigned lately. Four new directors
have also been elected to the board of the bank, it having
been decided last January to increase the directorate from
seven to eleven members. The additions are Mr. James W.
Warwick, Frederick 8. Powers, Louis J. Grossman and
Cashier T.
W.
Hill.
—The American State Bank, Chicago, has been granted by
the State Auditor of Illinois a permit to organize. Its capi
tal will be $200,000 and the organizers are George C. Beldam,
J. A. Barton, O. F. Smith and others.
—
Mr. Frank L. Powell has been elected President of the
Capital National Bank of Indianapolis, to succeed Mr. Wil-
liam F. Churchman, who becomes Vice-President, having
relinquished the Presidency on account of ill-health. Mr.
Churchman was elected to the head of the bank last January,
a short time prior to which he, together with Mr. Robert M.
Churchman and others, obtained a controlling interest in
the institution. Mr. Orlando M. Packard has resigned as
Vice President and director, and, it is stated, will engage in
business elsewhere. Mr. Powell, the new President, is President also of the National Branch Bank of Madison, Ind., and
of the Madison Safe Deposit & Trust Company.
—A
good deal of attention was paid by the Iowa Bankers'
Association at its recent convention at Des Moines to the
question of bank money orders.
report oa the adoption of
a system was made and a committee appointed to further investigate the matter. Mr. Charles O. Austin, Vice-President
of the National Bank of North America of Chicago was to
have addressed the bankers on the subject of "Conserva
A
tive Banking," but
was unable
to
attend.
Congressman
of
and Treasurer, John J. Large, Cashier
the First National Bank of Rock Valley.
of Mediapolis,
—The
Batavian Bank of
La
be converted
into a national institution, the Comptroller having approved
the reorganization on the 17th inst. The name becomes the
Batavian National Bank, and the capital is to be increased
from $200,000 to $300,000.
Crosse, Wis.
,
is
to
—Articles of incorporation for the Guaranty, Savings,
Trust & Banking Company of Phoenix, Ariz., have been
The authorized capital
filed with the Territorial Auditor.
is $100,000 and the par value of the shares $100.
—The Washington State Bankers' Association closed its
ninth annual meeting last Saturday, after a three days'
In the
session. The gathering was held at Walla Walla.
course of his remarks as Secretary, Mr. P. C. Kauff man (of
the Fidelity Trust Company of Tacoma) referred to the subject of money orders and the importance of the bankers
making an effort to regain a portion of this business, noting
at the same time that in the city of Chicago alone the money
orders issued in the post-office aggregated during May almost
$18,000,000, the fees upon which amounted to over $30,000.
Before adjourning a resolution was adopted by the members expressing approval of the effort now being made by
the American Bankers' Association to provide a uniform system of bank money orders, and recommending the adoption of the system by the
members of the Washington Association as soon as it is definitely recommended by the Secretary of the American Bankers' Association.
A varied and lengthy programme had been prepared for this
meeting, as was noted in these columns on June 4. Mr. E. T.
Coman, Cashier of the First National Bank of Colfax, discussed "Some Elements of a Good Loan." Mr. A. L. Mills..
President of the First National Bank of Portland, Ore., was
another speaker, the subject of his remarks being "Commercial Crises and Panics." Mr. F. E. Beck, Manager of the
San Francisco Branch of the International Banking Corporation, had for his topic "International Banking." Mr. W. D.
Vincent, Cashier of the Old National Bank of Spokane, spoke
on "A State Protective Committee." Mr. N. B. Solner,
Savings Bank of Seattle, was
Cashier of the Union Trust
also in the list of speakers.
&
—Mr.
Bank
Under the new management, which will
B. Frese has resigned as Cashier of the Western
of Louisville,
Ky.
assume control the middle of next month, Mr. Robert H
Courtney will become the Cashier. As noted in these columns
on the 11th inst., Mr. W. B- Smith, Vice-President of the
Globe Bank & Trust Company of Paducah, has been negotiating for the control of the Western Bank, and it is expected
that the matter will be consummated on July 15.
— The directors of the Richmond Trust & 8afe Deposit
Company of Richmond, Va., held their annual meeting on
Monday, when several changes were made in the officials.
Mr. John Skelton Williams was re-elected President
Mr.
Frederick E. Nolting was elected First Vice-President to
suoceed Major James H. Dooley, who declined re-eleotion in
order to devote more time to his private interests; Mr. T. K
Sands was chosen Third Vice-President and Secretary, succeeding Mr. Henry L. Cabell, the latter retiring from the
active management of the company to engage in business for
himself; Mr. E. B. Addison also retired as Vice-President and
was elected a member of the new Finance Committee; Mr.
Lewis D. Crenshaw Jr. was re-elected Treasurer of the Institution. Mr. Nolting, the new First Vice-President is one of
the best known of the younger business men of Richmond,
He is the son of the late E. O. Nolting, for many years President of the National Bank of Virginia. Mr. Sands, Third
Vice-President and Secretary, comes to the Richmond Trust
from the National Bank of Virginia, of which bank he has
been Cashier since its consolidation with the National Bank
;
of Virginia and the Exchange Bank of Richmond in 1899.
At the time of the consolidation the deposits of the National
Bank of Virginia were about $1,200,000, and during Mr.
Walter I. Smith of Counoil Bluffs, however, presented his
views on the question of "Should the Silver Dollar be Made Sands's administration they have advanced to $3,200,000 at
Redeemable in Gold ?" The salary of Secretary of the Asso- the present time. Hon. Beverly T. Crump, Chairman of the
ciation, heretofore $600 yearly, has been advanced to $1,200 a company's Finance Committee, is the Chairman of the Viryear. Mr. J. M. Dinwiddie, Cashier of the Cedar Rapids ginia Corporation Commission.
Savings Bank, has again been elected to the office. The other
It is possible that a consolidation of the Richmond Trust
officers of the Association are
President, Mr. Ackley Hub- and the Metropolitan Bank of Virginia, at Richmond, will
:
June
k
..
.
.
THE CHRONICLE.
25, 1904.]
now
2579
American Association of Public Accountants, held
on May 26, John R.Loomis, C. P. A., President, has appointed
the First National three members of the association to serve on a joint commit-
occur in the near future, negotiations to this end
in progress.
—The
being
tees of the
vacancy in the Presidency of
Bank of Richmond, Va., caused by the death of Mr. Virginius Newton has been filled by the election of Mr. John B.
tee for considering the above-suggested proposition.
Purcell to the office.
the
—Mr. W.
R. MasBie has been elected Cashier of the Union
Bank of Riohmond, Va., to succeed Mr. J. B. Beasley, who
became President upon the death of Mr. Virginius Newton.
—The
In ac-
cordance with a somewhat
members
of the
New
similar resolution passed by
York State Society of Certified
Publio Accountants at a meeting on June 13, Farquhar J.
Mac Rae, C. P. A,, President of the Sooiety, has appointed
three members to serve on this joint committee.
It is now learned that the Executive Committee of the
Federation at its meeting on June 29 will take like action
and authorize three members of the Executive Board to
serve on the committee and consider with others the question at Issue. It is understood that the joint committee will
Virginia Bankers' Association, whose annual convention was held at the Hotel Chamberlain, Old Point Comfort, on the 16th, 17th and 18th inst., now reports a membership of 202 out of a total of 245 banking institutions in the
State. This is a considerable advance since 1901, when but have no powers specifically granted by their respective
94 members were comprised in the association. Aside from bodies, but it is hoped that their deliberations may lead to
the regular reports, some half dozen addresses were presented some plan by which the Federation may secure the active
at the convention, prominent among which was one on " Per- participation of the New York accountants, to the end that
sonality in Banking " by Mr. William O. Jones, Assistant there shall be one representative national organization of
Cashier of the National Park Bank of this city. Mr. W. M. public accountants in the United States.
Eabliston, President of the National Bank of Virginia at
Richmond, was also one of the speakers. The final day's session was held aboard a steamer en route to Jamestown Island.
English Financial Market*— Per Cable.
The Secretary and Treasurer of the Association have been
the
daily closing quotation! f or securities, etc, at London
elected to serve for another year. They are, respectively, Mr.
are reported by oable ai follows for the week ending June 24:
N. P. Qatling, of Lynchburg, and Mr, Henry A. Williams,
Cashier of the Metropolitan Bank of Richmond, Mr. William
XjOHDOH.
Hon.
Tues.
T/tun.
8aU
JT«d.
FrH.
M. Habliston is the new President of the association.
d.
259 ia
illver, per oanoe
25%
25%
259i 6
25"i6 25%
90B, 6
908 18
90 k
90*, €
903ia
The Tennessee Bankers' Association met in convention Consols. ,new,2k p.cts.
For account
905, a
903, 6
90 k
903s
90k
on the 15th and 16th inst. at the Hermitage Building in the rr'obrentes(lnParls)fr. 97-50 97-721* 97-75 97-72k 97-65 9770
Spanish
4s
86%
87
86
87k
86k
St. Louis Fair grounde. One of the features was the appointa%
tnaconda Mining......
3%
3%
3%
3%
Top.
itch.
Bant*
74
A
Fe..
74
7*k
74k
ment of a special legislative committee at the session of the
74k
Preferred.... ...... ....
97 J*
98
9e
98k
97k
State Bankers Section, This committee has been delegated Baltimore A Ohio ......
8238
83
82k
83
82k
93
Preferred...
98k
93k
1«
93k
to prepare a bill pertaining to banking supervision, to be
123 38 125 k
Janadlan Pacific
...
125k 127k 126k
Jhesapeake
Ohio
all
the
banks,
after
whose
31%
31%
31%
State
approval it
A
31%
submitted to
31k
14
14
Ohloa. Great Western..
14
14k
14k
will be presented to the next Legislature. The officers of Chic. Mil. A St. Paul...
146% 147
147k 147% 147k
20
21
21
22
w
20k
k
the association for the coming year are: President, Mr. Den. A Bio Gr.,oom....
EC
71%
72
Do
do Preferred,
72
73
72k
o
P.
President
of
the
Holston
National
Bank
243g
Joseph
Gaut,
of •rle, common
24 k
24k
24k
24k
a
60
59
1st preferred
59k
59k
69k
o
Rnoxville; Secretary (re-elected), Samuel H. Orr, General
36
35%
30%
36
2d preferred..........
35
«
133* 133k 134
135
135
Manager of the Nashville Trust Company of Nashville, and tlllnolB Central
o
112% 112k 112% 113
Louisville A Nashville..
113k
Treasurer, J. H. Faircloth, Cashier of the First National Mexican Central
7*1
8
7k
8k
17
16%
17
17
Ho. Kan. A Tex., com..
17k
Bank of Martin, Tenn.
w
38
38
38
Preferred
o
37
Mex ,1 st prf
37
33
39
M
—Mr. Milton Calder has been eleoted Cashier of the Atlan- Nat.RR.of
119
119
T. Y.Oent'l A Hudson..
119k 119k 119k
W
26 k
27
26%
26k
26k
V. Y. Ontario A West's
tic Trust & Banking Company of Wilmington, N. C, re57%
57 k
57 k
M
68
57k
lor folk A Western
o
placing Mr. Mitchell F. Allen, who, as noted in another item,
90
90
90
89
90
Do
do
pref.
o
Securities
101k 101k 101k 101k
resigned to become the Assistant Cashier of the Atlantic fforthern
H
Pennsylvania
59k
59k
59k
59k
59k
OQ
24*8
243g
Phlla. * Read ....
24k
24k
24k
National Bank.
41»«
42
42
42
42
Phlla. A Head. ,1st pref.
33
83%
33k
33%
Phlla. A Read, ,3d pref.
33k
—The stockholders of the Atlantic National Bank of Wil- Jonthern
4738
47 k
Paolflo. .......
47k
46k
46k
2134
21%
21%
22
mington, N. C, have regularly elected Mr. Joseph W.Yates as touth'n Railway, com.
2ik
87
87
87
87
88
Preferred .............
Cashier. Mr. Yates was appointed Acting Cashier some Union Pacific
89%
SO
90 k
89 k
...
89k
94>«
95
95
....
94k
Preferred.
94k
weeks ago, upon the resignation of Mr. Andrew Moreland,
988
9%
10k
10k
90s
(7. S. Steel Corp., com.
and it was understood that his election to the office would
57
57 k
pref.
do
57k
57k
Do
55k
17
16%
16k
17k
17k
MMa
not occur until the annual meeting next January. Mr. Wabash
36
37
37
36k
36k
Do preferred.. ...
61
62
62
60k
Do Deb."B".....
Mitchell F. Allen was chosen to fill the position of Assistant
—
1
Sz;
Cashier, previously held by Mr. Yates.
*
Price per share.
—Mr. Joseph G, Brown, President of the Citizens' National
Bank of Raleigh, delivered the response to the address of
welcome at the convention of the North Carolina Bankers' t&ommzvcittl nml ^txsccllmxcons^izxus
Association. The meeting took plaoe at Asheville on the 14th,
15th and 16th. Col. F. H. Fries, last year's Vice-President
Breadstuff* Figures Brought from Page 2612.— The
of the Association, has become its President. Col. Fries is statements below are prepared by us from figures collected
President of the Wachovia Loan & Trust Company of Wins- by the New York Produce Exchange. The receipts at
ton-Salem. Mr. C. N. Evans, Cashier of the Merchants' & Western lake and river ports for the week ending June 18
Farmer^' National Bank of Charlotte, has been re elected Sec- and since Auk. 1. for each of the last three vears have been:
retary and Treasurer. The three Vice Presidents are Mr. J.
rumr.
Wheat.
Barley.
Oorn.
Oat*.
By:
V. Grainger, Cashier of the Murchison National Bank of Receipt $ at—
Itbli.iwibt #ui/».flO lb$ Buih.56Ib» Buih.32 lb 9\i$h.*H Ibt Bu.56 Ibt.
Wilmington; J. C. Braswell, President of the Planters' Bank
188,946
808.600
2,693,471
861.912
197.801
26,960
of Rocky Mount; J. F. Wily, Cashier of the Fidelity Bank of Milwaukee
36.750
111.30C
38,950
109,120
206.500
10,100
24,100
207,006
13,8<'4
80,938
5.656
Durham.
.
Minneapolis.
—A
office
branch of the Canadian Bank of Commerce, head
Toronto, was opened at Lloydminster, Saskatchewan,
on the 10th
Cleveland ...
St, Louli ....
inst.
Kansas
Rival Societies of Public Accountants, —Steps are being taken to arrive at some plan by which the rival societies
of accountants in the State of New York can get together
and incidentally join hands
of Public Accountants in the United States. In accordance
with a resolution unanimously passed by the board of truswith the Federation of Societies
1003-1004
1902-1903.....
1901-1903
48.650
280,127
8,600
11.100
63.113
10,606
8,746
34.816
8.100
158.680
8,«00
413,19
182.25
44.218
77.880
175.8'W
860
56,663
310,039
381,500
294.300
1,088
8,000
170,000
178,O0(
16,304
137,070
95,100
26.100
807,817
1,819,614
3,998.798
2,319.733
~ 611,976
389,182
3S8.816
2,018.018
3,912,908
8,162,806
662095
2.786.912
2,406,161
9,465,214
155,918
City.
Tot.wk.1904
Same wk. '08.
Same wk. '08.
Since Aug. 1.
906,280
17,629.386 206.192.993 156,419,280 146,635.490
18,368.229 282,144,719 117,153.811 170,702.106
19.105.833 285,234,129 116,191,916 128.968,016
14,700
8.700
8.600
4,000
76.714
129,4eS
33,475
68,918.413 7,120,470
58.518. 60 9,790,073
80,147.854 4,969,009
THE CHRONICLE.
2580
o»vtw»»?mn«
The receipts of flour and grain at the seaboard ports for
the week ended June 18, 1904, follow:
sestets at-
New
k
orx.. ••••«•«
i
Klehmond...
*•>.*
6.838
Wawpo rt News. ,.mm
2,9<!H
714
714
8,000
Total week.......
281,001
760.791
887.4.<!8
1,1:91,741
• •
Total aram......
1
New
29,312
32,909
23.892
Orleans for foreign
1901
1902.
9,430,011
10,402,233
2.081.867
2,720,000
49,161.115
9,925.372
20,476.215
1,478.184
1,117,938
6 J,8 12.409
8».»88,742
42.011.075
2.905.379
1,760,389
185,038,703
88,482,819
187,972,934
9.782,968
45.875 320
59,334,443
20.641,801
29,085,317
19.821,910
1.739,775
606,i5d
26)24 683
71,191.061
The exports from the several seaboard ports for the week
eading June 18, 1904, are shown in the annexed statement:
(Fasat,
Oern,
Flour.
iuiit,.
bbls.
37.687
£8,605
22,634
2,332
from- tuiv
flffljartu
Ma.
Portland,
fco.coo
,
714
,
• u*a.
Barley,
•VM
1,028
18.050
60,000
B'nlladeipa.la
P««*
Oats.
bush.
13.885
195
9.657
82,47-1
15
4,907
714
16,248
Haw Orleans
aewn'rtNews
2,9s!9
8&6!8
54.4)8
133.003
326,115
Montreal
Total week.. 690.669 803.613
Bametlme'03,.1,961,917 1,630.947
139,265
330.275
92.310
92,764
1.028
11,735
122,919
11,200
The destination of these exports for the week and since
July
1,
below:
1908, is as
flour.
*inc«
ot>u
July 1 to—
United Kingdom 104.978
9 926
Continent
S.
* C. America
Wait
Whtat.
i
——
.
—Corn.
W*** Sins* J-ah
With Sins* July
W€*h Sine* July
June
June 18
June IS. 1. 1903.
1. 1903.
Exports for
uuk and
,
indies....,
bush,
577,266
113,303
bbli.
9,291,413
2,010,286
1,251,716
1,689
8,268
196 669
685,877
1
1
40,516.370
19.V90.332
189,266 14,230,027
Total
Total
Otai 1008-08.... 880,875 16,170,489
2,886
18,958
5,176
3,488
420.829
690,569 60,039,118
1,961,917 119,701,141
18.
1, 1903.
)>f»."k
bush198,003 26,892.007
80,039 26,616,962
874.66$
6.102
15,002
Ir.N.Am.Colo'i
other eonntrlei
buth.
308.543
1,530,94/
H42.81*
1.017,768
)63,7«0
1,436.226
66,329 5R9
69,444.806
visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
The
seaboard ports, June
18, 1904,
Corn,
•usa.
Wtutti,
lusters at—
eusfc.
Maw York
Do afloat...
Boston
810,000
„..
14,000
84,00"/
'177,008
41,600
65.000
99.00C
135.v:0
Buffalo
102,800
22,000
64.00
263.000
226,000
690,000
172,000
197.000
393.000
868.06'?
" 8.0*66
tt.OOG
afloat
87.000
'ii',000
53,000
"8.000
1,841,6'o'p
653.00C)
452*,"o'66
893,000
146,001.'
331.6*01]
" 8.000
8,000
'oiiobo
88,000
"83.0*6*0
481, oat
15.00C
"9".bo6
14,000
"17.000
59,000
afloat
72.80C
"
60,'a*
afloat
1,786,0 nt
1,046,000
Duluth
1,802,<M)'>
Do
Minneapolis
Louis
7,l2l,0.>-<-
40,000
8P6,b'uv
198, 00
399,000
31,000
•••••••
108,000
1,000
40.000
209,000
93,000
114,000
129,000
13,000
8t.
_ Do
afloat.......
Kansas City
Peoria
Indianapolis
Oia Mississippi River
Oa Lakes
Oa eanal and rtver.
June 18,
Juno 11
June 20
June 21.
June 82.
.
481. one
.
1,281,000
9,080
2 90.000
1904. 16.843,000
1904...18.4"5.0i0
1908. 18,H«0.000
1902. 21,035.000
1901... 82.9 8.000
6,123,000
4,858,900
6.410.000
6,189.000
17.lH6.000
388,6*00
514,000
679,000
88^,0*0
768,000
1,937,000
6,378.060
1,177.000
8,048.000
10.601.000
«93.0"K)
659.000
1,291.000
l,«18.0i
674,000
2"<l,OOo
48».00('
in another column
by Ever*z & Co., Chicago.
—Among other securities the
not regularly dealt in at the Board, were
auction.
By Messrs. Adrian 1. Mul ler <fe Son:
Hlocks.
85 Amer. Knit OoodB Mfg.
Co.. pref
]
Utsr
35 Amer. Knit Goods Mfg. f** 30
Co.,
common
J
280 Harris BrlokOo.. 26o. per
45 City Isl'd Real'y Co.. $500
343 Osoar M. Llpton Oo. of
N.
Y
20 Paolflo Bank
sh.
lot
$9,500
265
0,000 Palmer Mountain Gold
Mln'g <b Tunnel (Jo. .$930 lot
num Mines Co ,pf.$10ea.$300
Subscript for 100 sh of 1st
pref. stook of The Eastern Steel Co.. 15p.o. pd.$305
Bonds.
$100 Meadow Club of Southampton lno. bond, 1946
$50
$25,000 Michael Printing Co.
1st 6s, 1913, J&J
$14,000
J'ly
J'ly
1
Holders of reo. J'ne 21
to
J'ne 30
1
J'ne 19
1
1
1
7
14
5
4
First National (quar.)
5
Fourth National
34
Garfield National (quar.)
3
2
4
4
fterman Exchange
7
Hamilton
3
Hanorer National
5
10
Importers' & Traders' National
Irving National
4
Jefferson
24
Liberty National (quar.)
Manufacturers' Nat., Brooklyn (qu.)..
Market & Fulton National
Mechanics' <fe Traders'
Merchants' Exchange National
Merchants' National
Nassau National, Brooklyn
4
do
do
do
New Amsterdam National
New York, Bank of
North
8lde,
(extra)..,
(quar.)
...
3
5
4
3
34
2
6
5
Brooklyn
3
Oriental
Pa k. National (quar.)
People's
Seaboard National
Sprague National, Brooklyn
Union, Brooklyn
,
5
4
5
3
3
24
24
Brooklyn, Brooklyn (quar.)
4
Cenrxal (quar.)
15
Flatbush, Brooklyn
3
.
Long Island Loan & Tr., B'klyn (qu.). 24
Manhattan
3
do
(extra)
2
Standard
3
Title guaranty <& Trust (quar.)
3
124
(guar.)
United States
25
(guar.)
J'ly
5
of reo. J'ne
25
to
3
3
3
to
of rec.
of rec.
of rec.
of rec.
to
of rec.
J'ly
1
J'ly 2
J'ne 30
J'ne 30
J'ne 30
J'ly 10
J'ly
of rec. J'ne
to
J'ly
of rec. J'ne
of rec. J'ne
of rec. J'ly
1
30
1
20
25
9
to
J'ly 1
J'ly
1 J'ne 22
to
J'ly 1
1 J'ne 20
J'ly
to
J'ne 30
J'ly
1 J'ne 22
to
J'ly 1
1 J'ne 26
J'ly
to
J'ne 30
J'ly
1 J'ne 21
to
J'ne 30
1 J'ne 23
J'ly
to
J'ly 2
1 J'ne 23
J'ly
to
J'ne 30
1 J'ne 23
J'ly
T'ne 30 Holders of rec. J'ne 29
1 Holders of rec. J'ne 25
J'ly
to
J'ne 30
J'ly
1 J'ne 22
J'ne SO
to
J'ne 3d J'ne 23
to
J'ne 30
J'ly
1 J'ne 18
to
J'ly 1
J'ly
1 J'ne 22
to
J'ne 30
1 J'ne 22
J'ly
to
J'ne 30
1 J'ne 22
J'ly
to
J'ne 30
1 J'ne 22
J'ly
to
J'ly 2
2 J'ne 25
J'ly
1 Holders of rec. J'ne 30
J'ly
to
J'ly 1
1 T'ne 23
J'ly
to
J'ne 30
1 J'ne 22
J'ly
to
J'ne 30
1 J'ne 24
J'ly
to
J'ne 30
J'ly
1 J'ne 16
J'ly 1
1 J'ne 25
to
J'ly
to
J'ne 30
1 J'ne 26
J'ly
to
J'ne 30
1 J'ne 26
J'ly
to
J'ne 30
J'ly
1 J'ne 26
to
J'ly 1
1 J'ne 24
J'ly
to
J'ly
J'ly 4
1 J'ne 22
to
J'ly
J'ne 30
1 T'ne 26
J'ne 30
J'ly
to
1 T'ne 23
1 J'ne 25
to
J'ne 30
J'ly
J'ly
to
J'ne 30
1 J'ne 26
1 Holders of reo. J'ne 30
J'ly
1 T'ne 23
to
J'ne 30
J'ly
J'ly
1 Holders of rec. J'ne 20
J'ne 30 Holders of rec. J'ne 24
J'ly
1 J'ne 22
to
J'ly 1
J'ly 1
J'ly
1 J'ne 23
to
J'ly
1 Holders of rec. J'ne 18
J'ly 1
J'ly
] J'ne
2
to
1
J'ly 1
J'ly
J'ne 2
to
J'ne 30 J'ne 26
to
J'ne 30
J'ne 30 J'ne 22
to
J'ne 30
J'ly
9 J'ly 6
to
J'ly 9
J'ly
1 T'ne 19
to
J'ne 30
to
J'ly
1 J'ne 25
niaeslieusoosw.
Ala Steel & Shipbldg pref., guar
American Caramel, pref. (quar.)
American Cement
do
do
(extra)
Amerloan Chlole, com. (monthly)
do
do
pref. (quar.)
American Locomotive, pref. (quar.)...
American Sewer Pipe (quar.)
Americas Smelt. & Refg., oom. (quar.)
do
pref. (quar.)
pref. (quar.)
of Phlla. (quar.)
oom (quar.)
pref. (quar.)
American Woolen,
Telephone
Bliss, E. W.,
do
do
Central A So. Amer. Teleg. (quar.)
Century Realty
Chicago Telephone (quar )
Cincinnati ua* & Eleo. (quar.)
Consolidated Car Heating
do
do
do
(extra)
Corn Products, pref. (quar )
Distillers Securities Corp. (quar.)
Distilling Co. of America, pref. (quar.)
Dominion Coal, pref
Eastman Kodak, oom.
do
do
EmpireSteel
<fe
new
pref
Rhode Isld. Perk. Horseshoe, pf. (qu.).
Joseph Stook Yards (quar.)
San Francisco Gas A Eleo. (quar.)
Securities
Company
Standard Dist.
<£>
,
to
to
to
to
J'ly
21 J'ly
to
J'ly
1
1
1
24
2
5
2
14
14
14
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ne
J'ly
J'ly
J'ly
J'ne
J'ne
J'ly
2
J'ly
10t J'ly
4
14
J'ly
J'ly
2
Aug
2
J'ly
24 J'ly
1
J'ne 30
J'ly 21
J'ly 21
20 Holders of rec J'ne 28
1 Holders of rec J'ne 28
1
20
Holders of reo J'ne 28
1
26 J'ly 6
to
J'ly 26
to
J'ly 5
5 J'ne 24
15 J'ly 2
to
J'ly 15
15 Holders of rec. J'ly 5
to
1 J'ne 27
J'ne 30
1 J'ne 27
to
J'ne 30
4 Aug
1 34
24
Dlstrlb., pref. (qu.)..
oom
BR
1
14 Aug
14
14
14
pf. (qu.)
1 J'ne 26
1 J'ne 11
21 J'ly 10
21 J'ly 10
7 J'ly 1
1 J'ne 29
2 4 J'ne 30 J'ne 26
1 J'ne 16
1 4 J'ly
24
)
Kentucky Dlst. <ft Warehouse,
Mexican Telegraph (quar.)
National Rice Milling,
J'ly
J'ly
J'ly
1
J'ly
1
J'ly
14 J'ly
1»« J'ly
34 J'ly
iu J'ly
l a4 J'ly
l a4 J'ly
1 >• J'ly
24 J'ly
2
J'ly
14 J'ly
3
J'ly
8
2
3
4
(quar.)
pref. (quar.)
Iron, pref
do
do pref
Tefft Weller Co, pref (quar.)
Teau. Coal, Iron <&
pref. (quar.)..
Union Switch
Signal, oom. (quar.)..
do
do
pref. (quar.)..
Plati-
1
4
Columbia
Commerce, National Bank of (qu.)
East River National
First National, Brooklyn (quar.)
A
&
20
1
Colonial
Stetson, J. B.,
Slocks.
2,000 United Gold
1
IS
J'ly
10
St.
following
recently sold at
is
1»< J'ly
1»4 J'ly
Banks.
America. Bank of
Butchers' A Drovers', National
City, National (Brooklyn)
Citizens' Central National
N. Y. Mutual ttas Llfht
Prooter A Gamble, pref. (quar.)
>
2
1
20
Holders of rec. J'ne 30*
to
J'ly 1
J'ne 26
Holders of rec. J'ne 30*
Holders of rec. J'ne 24
Holders of rec. J'ne 15
Holders of rec. J'ne 20
1
to
J'ly 20
J'ly
to
J'ne 30
J'ne 19
,
Hall Signal, oom. (quar
investors is called to the advertisement
of a list of investment securities offered
1 34 J'ly
1V| J'ly
J'ly
1 34 J'ly
J'ly
3
2>2 J'ly
5
J'ne 30
1
New
&
Bell
—The attention of
Auction Sales.
A
do
1110
afloat
1
&
,
1394,oop
Fort William
Port Arthur
New
New
191.00C
afloat
1
J'ly
5 J'ne 21
J'ly
1 Holders
J'ly 11
1 J'ne 28
2
J'ly
Indianapolis St. By
Manchester (N. If.l Trac., L. A P. (qu.) 14 J'ly ie Holders
J'ly
i Holders
2
Orleans
Carroilton, com
2>» J'ly
i Holders
do
do
pref
do
50c. J'ly i»i Holders
Orleans City BB, oom
24 J'ly 10 J'ly 1
do
do
do
pref
1>2 Aug
i Holders
Philadelphia Co.. Plttsb., oom. (qu.)...
Presidio
Ferries, San Fran.(mthly).. 20c. J'ne 15
3
J'ly
1 Holders
St. Charles St.,
Orleans
1
J'ly
1 J'ne 2 S
Syracuse (N. Y.) Bap. Tran pf. (qu.).
1 Holders
13th
$6 J'ly
16th St. Pass . Phlla
1
J'ly
1 Holders
Union Traction of Indiana, oom
24 J'ly 20 Holders
United Trac, Plttsb., pref
Washington
86.000
900.0C0
afloat...
Milwaukee
.
Union
'is'obo
88s.<"-'
Toledo
Total
Total
Total
Total
Total
204,00;
112000
Saireiton
Montreal
Toronto
Do
149,000
611,000
4.v>u0
49, IOC
12 000
Or.'eans.. ...„~
Do
Do
De;foli
Do
Okltaso
Do
156,000
Missouri Pacific
Norwich A Worcester, pref. (quar.)...
Pitts. Ft. W. A Chic, spec guar, (qu.)
do
do
reg. guar, (qu.)
Vermont Valley of 1871
Worcester Nashua A Rochester
Wtreet RallwaiTe.
Cleveland Electrlo (quar)
Consolidated Trac, Plttsb., com
El Paso (Tex.) Eleo. Co., pref
Trust Companies.
rimn*
Oats,
buth.
1 Holders of rec. J'ne 21
Ply
m Aug
Wallabout, Brooklyn
follows:
..
—.
Philadelphia
Baltimore
New
was as
J'ly
1V» J'ly
3
4
Cleve. Cln. Chic. A 8t. L pref. (quar.)
Little Sohnylklll Kav., BB. <fe Coal....
Maine Central (quar.)
Mine H1U & Schuylkill Haven
to June 18 compare as
1903
1901.
8,091,847
•
•
Barley
Railroads iHt«aml.
Allegheny A Western, guar
Baltimore <fe Ann. Short Line
Buffalo & Susquehanna, com. (qu.)
Canada. Southern
Cluo. Burl. A Qulnoy BR. (quar.)
11,718
.800
9.657
Total receipts at parti from Jan.
follows for four years:
bush.
16,000
'
883.287
1,011.568
785,921
1.612,408
Receipt! do not lnolude grain passing through
Dorti on through hills of lading.
bbli
Books Closed.
(Bays Inclusive.)
I
.
*
fflour.
When
Per
Cent Payable
of Company.
ft«»fc.
499,800
111,488
17..V0
82,131
60.366
21,666
842,62^
84,190
106.76*
99,600
85,868
85,784
30,800
»2.ne
600.S51
6.826
8.1H6
17.134
82.C0J
1.M0
....
*>
»>••
207.000
24,880
U,t-38
38.C06
24,8(6
pailadelpiia... ......
..
M»
89/51
**-.
Name
oam.
Wnn*t,
F!»*f,
[Vol. lxxviii.
1
to
to
to
to
J'ly
J'ly
1 Holders of reo. J'ly
to
J'ly
11 J'ne 26
26 J'ly
6
ie J'ly
3
J'ne 29
J'ne 1
i J'ne
1
i J'ne 23
i J'ne 25
18 J'ly 3
s
i
11 J'ly
•J
7
7
1
J'ne 30
J'ne 21
Holders of rec. J'ly 16
1
J'ne 18
to
to
to
to
to
to
to
to
to
to
to
16
10
J'ly 26
J'ly 15
J'ly 3
J'ne 15
J'ne 15
J'ly 1
J'ly 1
J'ly 15
J'ly 14
J'ne 27
J'ly 10
9 J'ne 26
15 Holders of rec. J'ne 30*
15 Holders of rec. J'ly
to
J'ne 30
30 J'ne 22
to
J'ne 30
SO J'ne 18
to
15 J'ly 1
J'ly 15
16 J'ly 3
to
J'ly 15
16 J'ly 10
to
J'ly 15
15 J'ly 10
to
J'ly 15
1 J'ne 25
to
J'ly 20
1 J'ly 21
to
Aug 1
11 J'ly
2
to
J'ly 12
11 J'ly 2
to
J'ly 12
30 Holders of rec. J'ne 25
to
16 J'ly 1
J'ly 15
15 J'ly
1
to
J'ly 15
11 J'ne 28
to
J'ly 11
11 J'ly
I
J'ly 11
to
!
United States Mtg. A Trust
8 J'ne
Well-Fargo A Co
3 J'ly
do
do
(extra)
1
J'ly
Westingh. Eleo A Mfg., all stocks
24 J'ly
Westlnghouse Machine (quar.)
24 J'ly
•Transfer books do not close
t Ad interim dividend
—Attention is called to the offering by Jacob Rablno of
nternational Steam Pamp debenture 6 per cent bonds. See
articulars in advertisement.
v
.
June
1
THE CHRONICLE.
25, 1904. J
New Vork City Clearing House Bank*.— .Statement of
condition for the week ending June 18, 19U4, based on average of daily results.
We omit two ciphers (00) in all cases.
BANKS.
Capital.
Surplus.
Loans.
Specie.
Legals.
t
Deposits Re.
1
New \ork City, Boston and Philadelphia Banks.— Below
a summary of tbe weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
We omit two ciphers (00)
Capital A
BA.VKS Surplus.
Bk. of N. Y.
Manhat. Co.
Merchant*'
Mechanics'.
Amenoa....
Phoonlx ...
City
Clieraioal
..
Alercn. Ex
Gallatin
.
But.«feDrov
Mech.&Tra.
Greenwich.
Amor.Exch.
Commerce..
Mercantile
Bacillo
Chatham
...
People's ...
N. America
Hanover
...
Irving
Citizens'
..
Nassau
Mar.& Fult.
SUoccfel.thr.
Corn Exch
Oriental
.
...
Imp.<&Tra<l
Park
East River
Fourth
Second
First
NA.Nt.Ex.
Bowery ...
N. y. Co...
German Am
Chase
Fifth Ave
German Ex.
.
Germania
..
Lincoln
Gartielil
Fifth
Bk.
of
West
Met..
Side..
Seaboard ..
1st N. Bklyn
Liberty
N. Y.Pr.Ex
New
Amst.
Aator
Total
t
.
2,000,0
2,050,0
2,000,0
3,000,0
1,600,0
1,000,0
25,000,0
300,0
000,0
1,000,0
300,0
7OU.0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
260,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
2,586,7 19,304,4
2,492,3 20,824,0
1.458,4 14,817.3
3,381,8 19,9(17. u
3,093,3 22,3>-0,7
284,8
3,579,0
16,885,2 101,084,9
7,564,2 23,407.3
362,0
6.432,3
2,219,4
8,450,5
120,4
1,805,1
355.8
3.983,0
530,9
2,473,1
4,075,0 29,505.0
11,786,9 165,202,5
4.513,6 22.563,7
618.6
3,171,6
1,096,1
6,116,9
400,5
2,067,5
2,106,8 10.700,0
6,705,8 46.436,4
l,0!-5,8
6,511,0
048,2 14,924.8
313,1
2,616,8
1,322,2
6,335,2
360,2
7,025.0
3,397,2 30,353,0
1,076,0
7.155,0
6,794.3 23,673,0
7,090,2 69,421,0
133,3
1,123,0
3,041,2 22,474,0
1, 402,9
9.279,0
13,713.9 98,152,9
873,7
7.833,1
767,7
3,075,0
663,0
4,408,2
524,3
3,543.6
4,oii0,6 40,540,3
8,862.6
1,738,0
070,2
2,726,9
874,9
2,900,9
1,346,2 11,953,6
1,287,4
7,368,4
2,4.-8,8
379,5
1,429,0
548.6
3,491,0
1,428,1 13,190,0
593,9
4,369,0
1,935.9 11,087,3
495,0
5,000,2
549,4
5,801,2
4,614,0
559,4
3,505,0
10.91 5, o
3,510.0
3,595,0
4,509.9
1.4411,0
2,173.0
1,320.8
1.964,0
2,262,7
230,0
928,0
43,692,0
6,632.9
825,4
I
I'.C.
18,8
262
13-1
10.0 27 3
24,g
-'
7 2
3.432.0 33 7
150.369.5
19,991,1 27 6
1,341,3
469.0
973,3
298,1
644.6
567.0
2,148,4
12,797,0
807,2
2,02 7,1
878,6
8.827,3
628,8
2,176.8
1,162,9
1,776,4
5,417,0
1,483,5
3,837.0
18,007,0
200.3
3,783,8
1,117.0
27,300,5
1,285,6
550,0
1,070,8
638,0
17,370,9
2,132,3
198,0
419,0
1,451,1
1,735,7
469,5
1,097,5
684,0
1,918,0
678,0
2,301.9
817,2
1,102,1
1,030,0
030,8
323,7
3,811.0
424,0
1,361,0
5,133,0
207,3
275
4,11
0,1
20-2
318
2.710.7
15.9
58.387,0
-SI
74.0
-.776.9
3.001,7
271
244
1
81,8
Non-Member Banks.—The
7
3
1,209.0
9,737,0 238
2,025,2 100,684,0 2'.C2
7,l-o
J.VI)
516, 1
870,0
8,690,0 24-9
535,4
5,905,5 27-1
222,6
3,305,2 22-6
1,892,5 64,784,9 351
9,03-..". 25-1
292,4
07o,o
3,482,0 219
807,5
6,174,5 24-8
1,672,1 12,792,7 24-4
289,5
7,669,6 207
134,4
2,485,8 24 2
1,162,5 11,151,4 256
327,0
3,967,0 26 "5
1,597,0 ] 1,782,0 231
626,0
4,684,0 27-8
247,5
9,717,9 62
400,9
0,330,1 23-9
642,6
0,813,6 250
257.0
4.713,0 273
284
following
the
is
statement of condition of the non-member banks for the
week ending June 18, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
\
00s omitted.
tal.
plus.
Invest-
Specie.
ments.
Net
Leg. T.
(tBank Clear'y Other Deposits
Hotes. Agent. Bks.&c
N. Y. CITY.
Boroughs of
Man& Br'nx
$
$
236,3
Columbia ..
295,5
14tli Street.
107,6
Gansevoort.
80,0
Hamilton ..
129,0
Mt. Morris
110,3
Mutual
186,0
19th Ward .
188,7
Plaza
257,2
Ktverside ..
106,7
State
655,8
12 th Ward .
113,2
23d Ward ..
102,9
Yorkville ..
283,8
Fidelity ....
118,2
Jetterson ..
295,7
Century ...
58,2
Wash, lists
133,3
United Nat. 1.00O.O 123,9
Consul. Nat. 1,000,0 1,127,5
Colonial
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
ft
2,153,9
3,636,0
1,479,9
2,094.6
3,036,4
2,441,4
2,581,5
1,595,6
3,080,0
1,135,4
7,246,0
1,721,0
1,360,3
1,885,0
$
61,3
253,0
102,4
10,7
180,»
161,0
28,2
31,3
85,0
11,2
466,0
60,0
54,2
22,3
$
201,4
117,0
96,8
195,8
108,7
82,0
225,2
126,1
400,4
681,0
08,5
72,8
292,0
217,0
147,3
198.7
52,8
260,0
135,0
153.9
445,7
10,7
2,038.4
3,084,6
247,7
356,0
91,1
37,0
20,6
66,1
38,9
2,168.8
1,690,8
3,282,3
6,958,6
1,187,0
5,151,0
3,314,0
1,104,1
1,405,7
000,2
1,160.0
1,084,7
824,8
1,537,8
20,8
112.4
399,3
222,0
107,0
56,2
73,2
730,0
12,0
62,-
16,7
13,1
100,/
157,4
.-3,0
819,6
2,040,9
700.1
528.6
9,9
$
451,0
282,0
338,4
213,7
85,0
$
677,2
3,5
300,0
60,8
304,2
55,
283,4
$
1,4
1
1,0
8,5443,0
15,0
2,180,0
150.6
128,9
1,790..'.
00,5
215,1
52,1
31,3
161,9
1,986,3
847.1
152,5
89,4
461,7
125,0
1.252,0
2,392,6
80.-.
1
Brooklyn.
Brooklyn
.
..
Mtrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
SpragneNat
Wallabout
.
Borough ...
Borough oi
Richmond.
lstNat.,S.I.
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
334.0
167,6
552,0
396,5
63,5
755,8
604,2
174,1
180,2
86,9
249.8
116,6
83.1
88,9
200,0
133.o
12.2
50.8
12,2
113,0
45,1
55.6
30,3
287,1
293,1
624,9
009,3
93,3
24.8
50,7
70,0
.rii.-i
16.72S.0
15.774. ('
17,001,0
171.001.0
4
.36,4 171,81
:
.I'lul-
52,035,4 171.C96.0
434,0
925,0
378,0 1,118,0
86.7
60,0
173,8 173,3
51,6
78,5
25,0
216,0
90,0
102,7
31,7
46,7
118,5
160,6
20,0
235,0
200,9
127,0
121,6
30,0
590,0
168,6
63,0
10,0
111,5
755,4
60,5
400,0 1,063,5
3,798,0
161,3
250,0
250,0
200,0
654,9
278,6
288,1
2,106,0
1,091,8
1,352,7
73,4
69,8
47,6
63,0
20,9
68,3
110,0
125.0
639,7
153,8
2,262,8
1,193,7
139,2
31,6
31,6
100,0
153,8
48.167,1 191..
48,167.1 192.120.0
48,167,1 191,450,0
Hudson
3,969,6
8,614,2
1,204.5
5,728,0
4,000,0
1,278,0
1.725,0
768,9
1,230,0
Tot J'nel8
7.400,0
110,139.7
7,459,5
280,3
226,8
849,8
206,8
4,9
1,949.6
1,027,9
2,089,3
163,7
72,7
257,8
83,3
2,279,7
1,253.5
9,387,0 116003 89,300,3 4,174.2 5,491.7 146164 7,290,9 1049855
Tot.J'nell 9,387,0 112799 89.195,2 4,-06.9 5.781,7 143645 6,799,6 1046426
Tot. J'ne 4 9,387,0 112799 88,528.7 4,008,7 6,410,9 138335 0,594,;' 1032543
227,107,o 11,621,0
228,093,0
231.5 12.0 11,503.1
90,404.7
105,
I
imports and Exports for the Week.—The following areNew York for the week ending for dry goods
June lb" and for the week ending for general merchandise
June 17 also totals since beginning lirst week January.
the imports at
;
i-'oiti:
For week.
General Merchandise
TotaL
.Since
Jan.
K,.\
i
1904.
U
l'oi:
-
i
1903.
1902.
1901.
$1,845,-93
7,805,919
$1,942,236
8.310.550
#1,500.100
7,379,366
$11,231,706
$9,651,812
$10,282,786
$8,885,521
$57,058,917
224,774,786
$04,397,86'.'
£53,126,832
199,209.730
2 14.749,737
$1,795,494
9,430.212
1.
General Mercliandise
Total 24 weeks
218,804.149
-3.70T
$281,833,703 $283,762,011 $257, 330.062 8264,618,484
The imports
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 20, and from January 1 to date.
EXPORTS FltOM NEW YORK FOR THE WEKK.
in
For the week
Previously reported..
Total 24 weeks
1904.
1903.
1902.
1901.
$7,890,925
217,520.499
810,405,678
230.730.040
$9,410,937
220.727,035
$10,264,711
242,094,368
$225,411,424 $241,142,324 $230,137,972 $252,359,104
Note.— As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from ibo monthly
totals, also compiled by the Custom House, we shall from tune to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending June 18
and since Jan. 1, 1904, and for the corresponding periods in
1»03
and
1902.
EXPORTS AND IMPORTS OF SPECIE AT NEW YOKK
I'.XI'UUI-.
Week.
Week.
1.
1
SinceJan.
$19,037,470
1,33
$193,000
1j033,7SO
41 893
2,081,125
2,000
15,382,500
60 os i
44.122
$11,500 $64,304,01'.'
1267,276
$6,122,086
17. ,7.
18,39.'
12,626
$6,500
1,253. 557
5,000
1
19,182
Total 1901
2,797
Total 1902
Silver.
Great Britain
Franc*;
1.
.,2.047,340
4l,3i
Germany
West Indies
2 1 ,0
14,297
16.918,100
'
$595,140 $18,3
301,
Germany
1
IMI''
Since Jan.
Great Britain
France
iiilirs
143,602
Mexico
11,50
35,000
South America
1,101
4830,833 $20,236,092
1,34'.'
370.171
187.395
16.896,095
.-18,161
All other countries
Total 1904
Total 1903
Total 1902
273 833
1
1,850.800
9.653
2.035
1
8444,938
45.327
17.8
37. 30.
666,071
<)f the above imports for the week in 190-1, $62,163 were
American gold coin and $5,659 American silver coin. Of the
exports during the same time, $11,50U were American gold
coin and $
were American silver coin.
Auction Sales.
—See page preceding.
jfomliiup
ixnti
gjituincuu.
Spencer Trask
&
Co.,
Bankers,
947,0
1,703,6
282,7 3,180,5 1,448,0
28,1
K'2,599,4
210,022,0
7,378,0 222,472,0
61,868,0
62,497,0
64,930,0
1,5 9.-, 9
Hobokkn.
First Nat...
Seoond Nat.
7,245,0
;
NEW YORK.
WILLIAM & PINE STREETS,
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Gold Bond, paying the investor 5
773,6
14,1
13,0
'
t
.
INVESTMENT SECURITIES.
Co.
National .
Second Nat.
Third Nat..
I
Including tor Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government depositsamounted on June 18 to $3,750,000 on June 1 1 to $3,788,ooo.
Jersey City
First Nat...
.
1'hilll.
J'ne 4
J'nell
J'nel8
2.298,0
.....
_
Clearings.
i
J'ne
All other countries
3,189,2
3,748,0
2,182,2
2,423,7
3,402,7
3,062.8
2,733,5
2,097,3
3.007,0
Borough oi
Broadway
5
1
Mexico
South America
105,2
249,5
Circulatlon.
249.791,7 10404834 223,276,4 81,155,3 10881
37,001,0 1,020.904.2
109-7'.'-"
226,023,4
907,809,4
231,642,6 81.227.7 11092
979,012,0
104'..
J'nel8 250,290,1
230,306,3 83,006,7 11220126
1,046,673,0
Deposit with
Capi-
I
.
Gold.
BANKS
•
Deposits.)
.I'm- 4 2 10.7.- 1,7 10S65652
J'li.l
260,121,0 1042i
48 a
30
26
1,3-8,'.'
115,972,7 134,323,4 10496898 236,366,3 83,006,7 112^0126
ot
Legals.
Mav2S
.02,4
382,6 _\V0
30,875,0 25
7.242,9 .03
20,748,0 25-0
Total United States deposits included $23,420,700.
Reports
Specie.
U.),.
17.
9,055, 8 169,1
311
1,840,2 24,467,3 34 6
613,3
6,827,8 217
636,6
6,298,3 -5 2
21-7
48,5
4,491.0
1 1
9
451.3
2.534.: 41 -8
1,967,0 23,517.0 262
1,053,>
531.5
1,063,0
Olo.l
4.212.0
23,907,2
4,195,7
689,5
loan*.
in all these figures.
1
\.
f
•258 J
Members N.
Branch
Y. Stock Exchange.
Moffat
&
Office, 65
State
St.,
Albany.
White,
members New York Stock Exchange,
1 NASSAU STREET, CORNER WALL,
Dealers in Investment Securities.
Tel. 5880*6821 CortlaudU
Telephone stick* a Specialty*
x
;
THE CHRONICLE.
2582
[Vol. lxxviii
out the list. Later there was a rally from this depression.
There seemed to be little inclination to sell in the weaker
market in the morning hours issues not affected by the
announcement mentioned, and the market has been dull,
For Dividend* tee page 2j8o.
closing strong. Wabash debenture Bs sold up to 61 on
WALL. STREET. FRIDAY, JDNE 24, 1904.-3 P. M.
Thursday and on heavy offerings down to 56 to-day, closing
The Money Market and Financial Situation.— Business at 573^. United States Steel 5s have been strong in sympaat the Stock Exchange continues dull, but there is a decided thy with the shares and recorded an advance of \% points.
improvement in the tone of the markets and an increasing Other changes in the active list are fractional and in most
demand at the counter is reported by some of the best cases to a higher level. Daily transactions have averaged
known bond houses. Further evidence in the same direc- nearly $2,400,000 par value.
tion is the readiness with which new issues are disposed of,
United States Bonds.— Sales of Government bonds at the
although brought out in large amounts and in quick suc- Board are limited to $1,000 3s, coup., 1908-18, at 106^. The
cession, as they have recently been.
following are the daily closing quotations; for yearly range
Another week of favorable crop weather has added ma- sec third page following:
terially to the general feeling of hopefulness which now preInterest June
June June June June June
vails in Wall Street, and prices have steadily advanced,
Periods
21
22
23
24
18
»0
until to-day, when the announcement of suspension of inter*
*104*
is, 1930
registered Q— Jan *10478 U0478 •104%
8 104*8 '1044
est on Wabash debenture A bonds had a temporary disturb3s, 1930
coupon Q— Jan •106»b *1064 *106»s *106«b "106H 106*%
ing influence, and, as noted above, the volume of business 3s,
1930, smaJ. registered
recorded at the Exchange is small.
3s, 1930, small. ...coupon
registered Q-irVb *ib*6»< *i05»4 'i'o'e* •165% *ib"6»« 106*4
8s, 1918
The National Republican Convention was as harmonious 8s,
ooupon Q— Feb *106 *106 *106 •106 *106
1918
1064
and routine in character as had been expected, and the 88,1918, small.registered Q— Feb
**->••
>MM|
*105
•106
*105
*106
-106
promises
to
be
small
ooupon
Q—
Feb
ibT*
inaugurated
88,1918,
Presidential campaign thus
registered Q— Jan •1064 *1064 •1064 *1064 •1064 '1064
1907
much less disturbing to the business interests of the coun- 4s,
ooupon Q— Jan •1074 *1074 •1074 •1074 •1074 1074
4a, 1907
registered Q— Feb *1823b *132»b •1324 •1834 "IBS * 1834
try than has sometimes been the case.
4s, 1935
ooupon Q— Feb *183»b *182"» *182<>8 *182<*8 *182"8 182*%
There has been no change in either the foreign exchange 48, 1926
"This
is
the
price
bid at the morning board; no salt was made.
situation or money market conditions to appreciably affect
of
tbe
optimistic
feeling
increasingly
the
Railroad and Miscellaneous Stocks.—The stock market
security values or
has been firm throughout the week, except during the temStreet.
The open market rates for oall loans on the Stock Exchange porary disturbance to-day, which caused a sharp declioe in
during the week on stook and bond collaterals have ranged Wabash and other Gould issues, prices tending upward
from 1 to 1^ per cent. To-day's rates on oall were 1 to day by day, and almost the entire active railway list has
1% per cent. Prime commercial paper quoted at 3% per advanced from 1 to 3 points. Business has been limited in
volume, however, the transactions averaging but little more
cent for endorsements and 4@4^ p. c. for best single names.
The Bank of England weekly statement on Thursday than 200,000 shares per day.
There have been a few exceptional features in addition
showed an increase in bullion of £723,084 and the percentage of reserve to liabilities was 51*82, against 51*84 last week; to Wabash, conspicuous among which were Canadian
the disoount rate remaining unchanged at 8 per cent. The Pacific and allied issues.
Canadian Pacific, strong on
Bank of Franoe shows a decrease of 5,475,000 francs in the prosperous condition of the Northwest and rumors
gold and an increase of 4,825,000 f ranos in silver.
of increased dividends,
closes 3^ points higher than
last week.
The " Soo Line " issues led in the upNEW TORE OITT CLEARING-HOUSE BANKS.
<5a*jelije.
iauluers'
1
ward movement by an advance
Difftreneet
1904
June 18
from
prtvioui vtetk
1903
June 20
1902
June Ml
Capital
109,822,700
116,972.700
129,069,300
Barplus
131,323.400
Loans A discounts 1,049,689,800 Ino 7,696,600 904,821,100
Circulation......
44,008,800
38,762.800 Ino
664,800
Wet deposits
•1,122,012 500 Ino 12,781,300 889,779,300
Apeoie ...........
336,366,300 Ino 4,723,800 168,469,700
Legal tenders...
74,084,700
83,006,700 Ino 1,779,000
83,872.700
106,458,000
889,016,100
31,350,100
960,953,600
173,292,700
78,603,700
Reserve held
36 p. o. of deposits
249,896,400
237,738,160
810,373,000 IBO
280,603,126 Imo
6,602,800
3,196,326
332,644,400
222,444,826
10.089,676
38.860,876 Ino 3,307.476
12,158.260
'$23,420,700 United States deposits included, against 923,883,800 last
week and $37,801,700 the corresponding week of 1903. With these
United States deposits eliminated, the surplus reserve womld be $44,726,050
on June 18 and 941,403,360 on June 11.
Notk.— Returns of separate banks appear on the preceding page.
Surplus reserve
—
Foreign Exchange. The foreign exchange market was
irregular this week, though generally Arm.
To-day's (Friday's) nominal rates for sterling exchange
were 4 86 for sixty day and 4 88 for sight. To-day's (Friday's) actual rates for sterling exchange were 4 8535@
4 8545 for long, 4 8725@4 8735 for short and 4 8760@4 8765
for oables. Commercial on banks, 4 8510@4 8525, and documents for payment, 4 84^@4 8510. Cotton for payment i 8450
@4 8460; ootton for aoceptanoe, 4 8510@4 8525, and grain for
payment, 4 85@4 8510.
To-day's (Friday's) aotual rates for Paris bankers' francs
were 5 17^*@5 17J4 for long and 5 16^t@5 16% for short.
Germany bankers' marks were 95^@95 3-16 for long and
95%@95 9-16f for short. Amsterdam bankers' guilders were
40H1f@40 8-16 for long and 40 5 16@40 5-16H for short.
Exchange at Paris on London to-day, 25 f. 19 o.; week's
range, 25 f 21 c. high and 25 f 18}$ c. low.
The week's range for exchange rates follows
.
.
-l*nfi
rlterling
-Short.-
4 8635
'*
4 8646
Low... |4 8636
-»
4 8636
High...
I
-Cable*.-
Actual—
4 8786
I
4 8726
®
*
4 8740
4 8760
8780
4 8745
4
•
»
Parii Banker*' Ira net—
High... 6 174
» 6 16V
6 164*
5 164*
Iiew... |6 174*
• 6 174
* 16',t
6 164
Germany Banker*' Mark*—
a 96*ia
95»„
High... f 964
96V
Low....
96
» 96 4
954
96», 9 t
Amtttrdam Banker*' Guilder*—
High...
40»ie«» • 40» 19 fl
404H • 40»i«*
40»,«
a 40*i 9 '"
Low....
• 40411
404
Lessi * 19 of 1%. r Igg of 1%. t »ss of 1%. Pins » II >!, of 1%. **
4 8765
4 8765
I
>
M of 1?*.
The following were the rates for domestic exohange on
New York at the under-mentioned cities to-day: Savannah,
12^o. per $1,000 premium; Charleston, 25c. per $1,000 pre-
New
Orleans, bank, 45@50o. per $1,000 disoount
oommeroial, 75c. per $1,000 discount; Chicago, 46o. per
$1,000 premium; St. Louts, 60c. per $1,000 premium; San
Francisco, $1 per $1,000 premium.
State and Railroad Bonds. Sales of State bonds at the
Board are limited to $5,000 Virginia deferred trust receipts
;
—
Hales
STOCKS
WttK Ending June 24 Week
Allls-Chaliners Co
860
Preferred
100
466
9u0
Am Steel
84J'ne23
414J'ne21
4 4J'ne23
Foundries
Preferred
27»»J'ne23
Consol Oas rights
53,849 164J'nel8
General Electric rights.. 8,084
44J'ne20
Nat Enam & Stamping..
10 16 4J'ne20
Preferred
100 80 J'ne20
Dock Co
100 16 J'nel8
Phoenix Gold Mining... 7,400 •17 J'ne23
Quicksilver Mining
100
Vne24
Preferred
3 58 J'ne34
100
NY
Bang* tine* Jan.
1.
84J'ne23
414J'ne21
6 Mar 16 Feb
394Mar 644Feb
4»4 J'ne23
28>«J'ne28
4 4J'ne
27 4 J'ne
16 J'ne
184J'ne23
64J'ne24
16 4J'ne20
80 J'ne20
16 J'neis
4Vne
5
184 J'ne
SHJ'ne
Jan
Jan
16 J'ne 20 Apr
184J'ne
78 Jan
31
S3
J'ne23
08 Mar
•19
4J'ne24
8<W'ne24
34J'ne
19
Jan
33 4 Jan
»4J*n«
J'ne
V'ne
44Feb
Outride Market.— Trading in the market for unlisted securities has been on a limited scale again this week. Values,
however, as a rule have continued to move upward. The
largest dealings have been in Southern Pacific "rights"
"when issued," which sold between 3 and 3^; the close today was at 3^; the new preferred stock "when issued" de-
2% points on Monday to 114}^ but the following day
recovered to 116%; no sales have been reported in this
stock since Tuesday. Inter borough Rapid Transit shares
sold on Monday at 118, ex-dividend of 2 per cent; later in the
week the price advanced to 121, at which figure the last sale
was made to-day. New York Central debenture 4s "when
issued" declined
of a point early in the week to 97,% but
subsequently the price rose to 98^. After a gain of
)4 to 9934 Northern Securities stook fell back to 99; the
tot il transactions for the week in this s ock aggregated, it
is estimated about 1,000 shares. Seaboard Air Line preferred
stock moved down from 15% to \Z% but later it reacted and
closed to-day at 14% the price of the common shares adpoint to 1%.
Standard Oil stook gained 9^
vanced
points to 632)^. Electric Boat common rose 8 points to 42
after a drop of 3 points to 67, the preferred shares advanced
to 74. The first reported sale this year of the preferred stock
of the New York & Queens Electric Light & Power occurred
on Thursday, the price being 80, an advance of 6 points over
the bid price of Monday. Greene Consolidated Copper stock
moved irregularly between 14% and 15 the last sale to-day
clined
;
%
6^.
The market for railway bonds has been generally firm
until to-day, when the announcement noted above in regard was at 15.
to Wabash debentures caused a temporary weakness throughOutside quotations
at
Bang* /or Wttk
%
I
|
mium
&
it
I
I
of 5 and 4 points for
the common and preferred, respectively.
Duluth South
Shore
Atlantic preferred advanced a point on the sale of
100 shares. The coal carriers have continued firm and the
grangers have been strong on crop prospects. Southern
Pacific has recovered a part of the decline that followed the
announcement of a large issue of preferred shares. Metropolitan Street Railway suffered a de "line of nearly 2 points
during the early part of the week, about half of which it
has recovered.
Industrial stocks have been strong in sympathy with the
railway list, but the advance is generally less conspicuous.
Consolidated Gas has covered a range of nearly 5 points.
U. S. Steel preferred shows an advance of 1% points. Otherwise but few stocks on this list have advanced a full point.
For daily volume o] business see page 2589.
The following sales have ooourred this week of shares not
represented in our detailed list on the paces whioh follow.
;
;
will be
found on page
2589.
4
3
.
New York
Monday
•22
•60
•22
•50
26
68
Tuesaa
June HI
W
June
Wednesday
June '22
</
26
53
72
78%
94 3* 05
106 109
•22
-50
72
95
26
63
Thursday
June 23
STOCKS
NEW YORK
rriday
Jun-
sales 01
the
STOCK
lor year 1V()4
or loo-share Lot*
724
954
Range
for Brevxoui
YearUUUX)
Week
EXCHANGE
•22
•50
72 4
05 4
ioe
Range
On basis
Shares
Lowest
Highest
Lowest
Highest
Knilromln.
26
•22
26
22
26
Arbor
Ian 22 27 Jan 22
53
•50
63
50
53
Do pref
{4»4 J'ne 8 {54 Feb 1
3
72 4
724 73',
724
73
Atch.
Topeka
<fc Santa Fe.
61,300
Feb24
7 a 4 Apr
95 34
05 4 95 v
»6«S
Do pref
10(5 100
103 100
100
•106 109 •Hit; 109 Atlantic Const Line BB.. 11,238 874 Jan 6 1105 4.1Jan
L044
04
21
80
80
804 804 804 804 803a 8 o4 804 81
80
»o 34 Baltimore A oino
16)702 72 4:Mar 14 864 Jan
•90 4 92
•91
92
•904 92
-004 02
{0l 34 91 34 ".hi
Do
9S
pref
!•>
30
bin 92 Jan 28
484 4S4 484 494 48»4 404 48 34 494 48 4 49 4 48 4 484 Brooklyn Rapid Transit.. 43,605 874
38 Fob 24 52 4 Jan
•115
115
115 ....
115
•110 .... •123 1-2S
Bultalo Koch. * Pittsb'g.
Mar
11*4
2 127
Jan 12
•132
132
132 ....
132
•135 ....
{13541354
Do pref
20 «U"i4 J'ne24
J'ue2i
•80
87
87
834 864 -85
Hi
86«b 86 3« "SO
864 8G 34 Buffalo a Snaqne, pref...
800
I'ne 9
.I'ne'c
12041204 1204121
12141224 12241234 122 4124
1223b i23 ,„ / Canadian Pacific.
lit'.' -j Marl 2
25,100
124
J'ne23
•674 67 4
67 4 67 4
67 4 07 4 •674 68
•67
07
674
67 v 'anaila Southern
515 64 Apr'.".' 884 Jan
•1594161
160 161
161 161
16U 162
161 161
102 1624 Central of New Jersey...
000
164
Feb
20
4
Jan 10
1634
304 304 31
31
304 31
31
31
•304 314
31
314 lii'^apeake <fe Ohio
1,720 284 Mar 14 30 Jan 28
38
•37 4 384
38
374 38
38
88
•374 384 *37
884
Chicago
<fc Alton
410 33 Jan 15 40 Feb
•77
•784 804 •784 81
814 •784 80
•784 814 {784 784
Do pref
26 75 Jan 2 854 Jan 2
•180 .... 180 ....
180
180 ....
•180 .... •180
Chicago Burl A Quincy..
}1S1 Jan 18 {182 Jan 14
•122 140 •122 140 121 125
•121 124 •121 140 *121 140 Chicago
A East. 111., pref.
121
Feb 11 {135 Mar'.'l
13"* 134
134 13*4 134 144
14
14
134 14
134
134 Chicago threat Western..
5,005 124J'ne 8 174 Jan 22
•83
•81 4 84
-814 8*
•814 84
•814 84
•814 84
Do 4 p. 0. debentures
83 4 Keb 5 86 4 Apr 12
•55
57
57
{674 674 57
524 57
63
63
63 4 53 4
Do 5 p.o. pref. "A"..
1,658 47 4J'ne
71 Juii2;s
•22
26
•22»4 234
23
{224 224 23
20
20 4 •20 4 214
Do
4
c.
prof.
"B"..
1,776
20
J' no
p.
31 Jan 21
1423b 1424 1424143 4 142 34 143^ 14341434 1434144
1424144 Chicago Milw. <fc St. Paul. 44,900 1374 Feb 24 Us 4 Jan 22
•177 1774 *177 1774 177 177
177 177
17741774 1774 177 34
Do prof
1.210 178 .Mar 4 180 Apr 12
16941694 170 170
170 1704 17041703« 17041704 * 169 4 171 Chicago A North
1.867 1614Marl4 l724Mar2;i
Western
Do pref
207 Feb 8 2194J'nelO
Chlo. Rock
A Pacific
4130 J'ne 6 {137 May
•135 140 •135 140
•135 140 •135 140 •136 140 Chic. St P. Isl'd
135 140
Minn. A Om.
135 Mar22 145 Jan
•170 180 •170 180
175 180 •173 180
•170 180 «173 180
Do pref
{165 Apr2b 176 Jan
'6
•6
8
8
6 34
{54 6 4
64
•64 64
•64
64
Chicago Term'l Transfer.
100
6 4Muy24 124 Jan 15
•14
'14
•14
15
15
15
15
16
164 16
16
164
Do pref
2,576 134Moy27 26 4 Jan 15
•64 64 •64 64 *54 64
64 54
64 64
6
6
Chicago Union Traction.
300
44Feb20 74 Jan 4
Do pref
29 May24 33 34 Jan Is
•684 70
684 70 •69 71 •70 72
§71
72
70
70 Clove. Cin. Chic. A St. L.
125 634Mayls 804 Jan 22
•101 110
101 110 •101 110 101 110 *101 110
101 110
Do pref
100 Feb 8 110 4 -Mar 14
•16
16
154 164 {15
154 154 15 34 {16
16
15 34 16 Colorado A So., rot. trust
1,025 13 4 J'ne 1 10 Jan 12
•48
48
48
484 •48
484 484 484 48 34 48 34 •484 49
Do
670
is j'ne 1 584 Jan 2/
lstpf.
vot.
tr. cfs.
•18
19
19
19 34
194 •19
194 20
204 20 4 20
20
Do 2d pf. vot. tr. ctfs.
1,060 174J'ue 7 284 Jan 22
154 1543* I5434I5434 154 34 1554 155 34 156
1554156
105 166
6,288 149 Marl2 168 4 Jan 22
Delaware A Hudson
•2714 274 •270 272
269 272 270 272 •270 272 •268 272
elaw. Lack. A West'n.
2604 Feb 23 275 34 Apr
•193* 20 4
193« 103,
20 4
204 204 •20
214 214 21
214
Denver
1,80(1 18
A Bio Grande
MarU 234 Jau 22
•69a, 704 {704 703g
•69
70
694 70
71
71
71
714
Do
pref
075
64 4 Feb 24 744 Jan 22
•17
•17
•17
20
•17
20
20
20
•17
20 Des Moines A Ft. Dodge.
19
Jan
4
244 Jan 22
•3
*2 34
2-4
34
3
3
3
3 34
3
3
24 24 Detroit South. vot. tr. ctfs 1.200 24J'ne24 144 Jan 23
•6
7
6
6
54 64 •6
64 64
54
4
6
Do pref. vot. tr. ctfs.
1,950
4 J'ne24 20 4 Jan 25
•60
01
•5934 61
•604 61
•604 61
61
61
•604 62 Detroit United
100 604J'nel6 67 4 Jan 22
•638
7
•54 7
*5 J4
•54 7
7
7
•58s
•53a
7
Duiuth So. Shore A Atl..
5 4 J'ne 3 104 Jan 22
•104 12
•10
•11
124 11
11
124 •10
12 4 •11
124
Do pref
100
934 j'ne 4 104 Jan 23
234 23*6 233g 24
23
234
234
2334
24
233a
234 234
4
10.485 214MnylO 204 Jau 2
574 5838 57 34 58 4 558
684 684 5t< 34 684 584 Erie
683e 583b
Do lstpref
8,570 554May31 604 Jan 27
35
35
35
354 354 35
353s •344 354 '34 4 35 4
35
Do
800 33 Ma} 10 50 4 Jan 2
2d pref
•50
•50
'50
54
50
•60
54
64
54
•50
54
64 Evansv. A Torre Haute..
67 Apr 20 00 4 Jan 27
•70
•70
•70
78
70 78 •70 78
78
70
78
78
Do
pref
72 Feb 23 72 Feb 23
•40
•40
*40
•40
61
61
51
•40
•40
51
51
61 Ft. WortliADen. C.stmp.
40 May 12 54 Feb 3
*105
•165 176
•165 175
168 175 •168 175 *168 176 Great
65 175
75
Northern, pref
170 Marl 7 186 Mar2:i
Green BayAW..deb. otf.A
72 -Mar'. 4 704 Jan 7
3
714 72
94 4 944
.
Stock Exchange-Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO l'.\CK«i
STOCKS—HIGHEST AND LOWEST SALE PXJCXS
Saturday
June 18
1
Ann
1
Jan
Jan
6
Auf -^is. Jan
844 Auk 103 4 Jan
26
Dec
544
I"
41
1
1
1
Dec 126
-May
104
Jan
Feb
'-'"
'•»
s."4 J'ly
20 4 Sep
'.'
m
12 4
124
654
65 4
82 4
67
83
•63
•33
35
•33
•26
•65
274 •25 4 28
67
67
•63
*82
674 •63
•33
•25
•66
35
28
67
Do
68
•33
36
28
67
•33
•25
•65
203,,
•104
20»8
•25°b
36
28
•65
•104
35
•33
•25
74
74
•120
44
•76
•62
4
1184H84
•15Sg
•364
17
36*8
9134 92
•110 111
•354 37
•1638 18
115 34 116
•26
•106
•58
•185
4
•120
•42
•76
135
44
90
62
7
7 36
135
60
90
62 4 62 4
119 119
16 34 16 34
37
37
92
923*.
110 34 1104
•354 37
•16
18
74
•7
120
140
44
90
44
•76
59
93
47
468b
•81
8134
•64
66
3
20 « 214
64
64
•30
32
122
110
112
•110
36
364
•16
58
58
60
93
464 474
•81
•64
81 34
66
112
65
20
66
90
170
56
100
64
II534
•5»
02
•125
44
•77
60 4
124
140
44
90
112
112
8
•126
•42
•76
304
00
108
•53
55
85
100
•63
65
11641154
•18
•68
59
•92
99
47 4 474
32
Do
Do
Lake
pief. vot. tr. ctfa.
pref
Erie
VI anhattan Elevated
. .
1'i-etrop. Secur., sub. reo.
Metropolitan Street
Met. West Side EL (Chic.)
Do pref
84 Mexican Central
140
60
60
Michigan Central
Minneapolis A St. Louis.
112
Nash. Chatt. A St, Lotus
of Mex, non-cuiu.pf
at.o:
Do 2d pref
Do
112
•36
112
65
187
254 264
664 664
•85
90
pref
105
•68
{186
25 4
56
'85
100
53
85
•63
664 Norfolk A Western
Do adjustment
90
100
56
100
66
•16
20
•774 80
59
99
47 38
82
67
21
•68
•02
32
30
lstpref
Do 2d pref
1864 N. Y. N. Haven A Hartf
254 N. Y. Ontario A Western.
1154116
•774 80
Do
105
65
69
99
pref.
Northern Central
Do 2d pref
Pennsylvania
Peoria A Eastern
Pore Marquette
Do
pref
60
21
814
32
Feb
.
I
Sep 404 Feb
14 Aug 1834 Jan
1
1
13
168
153
190
132
117
Aug 1944 Jan
Sep 2244 Jan
Aug 250 Jan
Oct 200 4 Jan
3
May 174Jan
May 50 34 Jan
Aug 094 Jan
J'ly 162
{165 Nov 104
8 Aug 104
16 Sep 36
30
66
112
Jan
Jan
Jan
Jan
Dec 119
10 J'ly
44 4 Aug
31
J'uel4 169 J'ne22 190 Aug 190 Aug
Feb 24 66 4 Jau 22 394 Sep 72 Jau
80 J'ly 100 Feb
614 Jan 12 67 4 Jan 22 50 4 Aug 76 Jan
Ul4Marl2 123 4 Jan 2 1 104 Nov' 15738Jan
17 Mario 23 4 Jan 22
16 J'ly 39 Jan
744J'ne 9 814 Jan 23 74 J'ly 91 4 May
M uy3
{68 May31
}74 Dec }76 Sep
55 Apr 20 66*4 Jan 22 65 Sop 94 Jan
90 April 98 Jau 22 90 Oct 115 Jan
384 MarU 484J'nel3 37 4 Nov 00 4 Jan
76 Mar 1 82 J'ne23 73 Sep 894 Feb
554 Feb 25 67 J'nel5 55 34 Nov 81 Jan
19 4 MarU 27 4 Jan 22
10 4 Aug 534 Jan
574 Jan 6 684 Jan 22
86 Jan
30 Apr 22 38 4 Feb
30 Aug 72 Jan
400 150
61
PaciUo Coast Co
Do lstpref
42,320
20U
A St
Pittsb. Cin. Chic.
Fob
Feb
'4
•174 18
116 1164 N. Y. Central A Hudson..
•264 274 N. Y. Chic. A St Louis..
•53
55
•85 100
•63
66
11534 1164
•15
20
•68
•92
47 4
374
4 Feb
:,
A Des Moines
A Western...
Do pref
L. Shore A Mich. South'n
Long Island
Louisville A Nashville.
Keokuk
7
1
L.
32
68
64
•30
Michigan..
C.Ft.S.AM.,tr.cts. pfd
Kansas City So. vot. tr. ..
•30
66
64
Kanawha A
044
814 814
204
pref
Illinois Central.
owa Central
Do pref
Dd pref
404 474 Reading, vot'g tr. ctfs..
1st pret vot. tr. ctfs...
814 814
•65
•65 4 664
2d pref. vot'g tr. otfa.
204
204 21 Rock Island Company....
Do pref
644 644 644 644
8I34
64
•105
•58
•186
264
168
B
Valley
674
664 674 Minn. S. P. A S. S. Mane.
1244 123 1234
Do pref
164 164 164 164 Mo. Kansas A Texas
37
37
•304 374
Do pref
9234 93 4
92 4 93 4 Missouri Pacihc
664 664
•82
69
92
64
•3o
112
65
187
20
•774 80
464 474
'81
•64
•105
•58
•186
26
20
77 34
204 21
64
32
113
364 57
84
74
384
*16 s8 18
18
174 174
1164 116 1164 110 1164
27 4 •264 27 4 •264 274
204 214
•30
60
90
644 664
123 4
3
•164 10 4 •164 164
37
37
354 364
02
024 924 93
122
•105
•90
•42
•77
644
62 34
•105
112
•58
65
•185 187
254 254 25 4 26 4 254
654 5c34 {564 6G>4 56
•85
•86
90
•85
90
164 160 *
170 •160
•53
•63
66
•53
55
•85 100
•85 100
•85
•63
•634 66
•63
66
115 1153b 11538ll5 34 11538
•16
•16
20
•15
20
•774 80
'774 80
774
•68
•90
74 8
120 140
120
11541154 116
274 •20 4 274 26
112
66
187
67
ctf.
100
Jan
4 Jan
72 Jan
17 Aug 48 Jan
140 Aug 1834 Feb
230 J'ly 276 4 Jan
18
Oct 43 Feb
62 Nov 00 4 Feb
Sep 47 4 Jan
IS
74 Aug 204 Jan
14 Nov 394 Jan
55 Oct 90 Jan
7
Aug 19 4 Feb
10 Nov 204 Feb
23 Aug 424 Jan
02 4 Apr 74 Feb
44 J 'ly 644 Feb
304 J'ly 72 4 Jan
78 Aug 91 Jan
31 Sep 744 Feb
160 Oct 209 Jan
73 Dec 86 Jan
1 11
J'ne 1 15 4 Apr 6 10 Aug 27 4 Jan
200 60 May 2 4 77 4 Jan 22 68 Sep 1064 Feb
1,023 77 Marl2 85 Jan 7
77 Oct 994 Mai
2,700 12534 Feb24 1344 Jan 28 125 4 J'ly 151 Jan
730 14 J'ne 4 224 Jan 8 16 J'ly 48 Jan
32 Feb 25 42 Jau 14 304 Oct 774 Jan
22 4 May 9 29 Jan 21 25 4 Oct 47 4 Jan
64 4 J'ne 1 704Aprl2 62 4 Oct 82 4 Feb
I, '-'(HI
10 4 Feb 24 214J'ne23 10 4 Oct 364 Jan
3,700 31 Feb 20 43 4 J'ne22 20 Oct 014 Jan
100 104Jau 11 194 Apr 12 10 Oot 40 Mai
45 4 Apr 7 62 Apr 12 48 J'ly {55 Apr
"So 26 Marl 1 304 Jan 25 23 4 Nov 53 Jan
600 85 J'nel7 {95 4 May 24 80 Nov 118 Feb
{256 J'neH {2714 Feb 24 275 Dec 334 4 Jan
46 Mayl7 55 4 Jan 2 40 Dec 83 Jan
15,334 101 Feb 23 111 4 Jau 22 05 Sep 130 4 Jan
8,770 1394 Marl2 140 J'ne'.'l 1264 Sep 1554 Jan
3,320 72 4 Marl4 92 Jan 21
704J'ly 1284 Jan
30,040 1044 Marl 4 124 JaD 2 90 4 Sep 1424 Jan
16 Jan 15 17 4 Jan 4
17 Deo 38 Jan
45 Mar
50 May'.'O 6 1 4 Dec 88 Jan
12,790
6 Apr 23 144Janll
8 4 Nov 29
Mar
{119 4 Feb 1 138
Feb26 102 May 135 Jan
300 40 J'ne 3 674 Jan 18 41 Oct 110 Jan
90 Jan 6 91 34 Jan21 S3 Nov 118 Feb
12£Jio 55 Jan 4 674 J'ne23 42 Aug 794 Feb
4,032 116 May 2 1264 Jan 28 1004J'nt 132 4 Feb
625 144 Feb 24 19 Jau 21 15 4 Oct 30 4 Jan
1,750 324 J'ne 1 42 4 Jan 22 33 Oct 63 4 Feb
25,146 87 Feb27 954 Jan 22 85 Aug 1154 Feb
335 1014Feb2i 1244 Jun U 85 (Jet 133 4 Deo
200 34 34 Feb 25 41 Jan 11
34 4 Mar 47 s May
700 164Febvi5 21 4 Jan 8 17 Nov 284J'n«
4,195 1124 Marl'.' 122 Jan 8 U24J'ly 150 Jan
25 MaylO 32 4 Jun 23 19 4 Sep 45 Jan
"ib'6 1014Mayl2 103 Jan 21 100 Oct 118 Jan
60 J'nel4 00 Jan 2
50 Sep 87 Jan
137 {18.5 4 MaylO 196 Jan 23 »187 4May 2254 Jan
21,775 104Marl4 204 J'nel3 19 Sep 354 Feb
2,786 53 4Marl2 62 3 i Jan 2* 534 Nov 704 Feb
88 May 6 90 Apr 12 85 Aug 93 4 Feb
Do
36
28
•66
67
203
214
214 214 21
203s 203s
8
214
40 4 40 4 •10
41
404 404 41
434 •42
43
424 484
•12 4 14
•124 14
•124 1*
•124 14
•12 4 14
13
13
-47
•47
•47
52
•47
62
52
•47
•47
62
62
62
•25
•25
26 27 •25 27 •25 27
26
26
125
26
•80
•80
•80
90
90
90
•80
86
85
80 90
90
•250 275 •250 275 •250 275 •250 275 •260 275 •250 276
•42
'42
-42
50
•42
50
50
•42
•42
51
60
60
1094100 4 109 41094 10941094 10934 1694 1094 1104 110 1104
3
14038 14634 I40 4l484 148 149
1484 149
14841484 148 149
•76
7634
7034 77
764 763* 75
704 764 77
•754 77
1114H2 1093„1114 1094111
11034 1114 II04IH4 21034100 4
67
deb.
Hock) 11;
824
*80
814 814
{814 814
83
4
84
•129 4130
130 1304 13041304 131 1314 13141314 1314132
10
184 184 184 18 4 -18
184 184 •18
184 18
184
81
Nov 150
78 4 Jan
153 Oct 190 Jan
27 4 Nov 534 Jan
184 Sop 37 4 Jan
60 Sep 75 4 Dee
{170 J'ly {1*4 -Mar
105 J'ly
Jan
13
Ang 20 4 Jan
83 4 Sep 004 Jan
63 Oct 85 4 Jan
1
69
71
121
140
1154 Oct
57 4 Sep
'.
•63
'JO 3,
30u
40,100
900
470
9,345
1,070
Rutland, pref
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
HEW YORK
American
--
Bid
Ask
500
220
825
725
325
Butch'sADr 140 155 C'rnExchgoT 340
Century H
170 180
Discount^ ... 145 155
Chase
East River.. 160 105
„. 500
Chatham ..
320 340
Fidelity^ .... 180
200
ChelseaExoTI 175
Fifth AtoTI.. 3000 4000
Chemical
4060
Fifth
300
Citizens' Ctrl 145
First
010
150
585
• Bid and asked prices; no sales were made on this
1 Sale at Stock Exchange or at auction this week.
German
1.x"
Germania'
Greenwich
Hamilton',!
..
300
210
3s0
140
500
155
375
600
',
..
500
Liberty
Ask
530
1050
Maiden Lane 105
Manhattan' 310
Market <feFul 240
240
Mechanios'
325
.
166
348
130
240
170
.
Mech
Tra'
".25
125
35
Merch Excli. 160
Merchants'.. 175
560
Metrop'
1
22
<Sc
Mrrcautilo
Mt Morns'
..
..
Hunks
Bid
2
375
215
425
230
'1
Ask
Hunka
Nassaufl
New Ainster
New York Co
M Y Xat Ex.
New York...
180
102
190
400 410
1500
190 210
275 285
205
Oriental'
22
230
Paciticfl
»283
.
Park (new).. 450
165
70
290
2
baus-j.
a
Ex
Flaza'i
52.5
no
550
Prod Kxchl,
105
175
KiversldeU
250
280
..
Seaboard
0(10
000
Shoe*
19th Wan!'
160
North Araer. i.'U0
115
Northern
Ask
Bid
290
145
1 Hxngote.
State
{ Loss tnau 100 snares.
h Assessment pair'
Trust Co. certificates.
day.
*
215
Bid
400
170
,.
Banks
Jeffersonl!... 140
270
500
Hanover
Imp & Trad.
Irving
Ask
Bid
ttnnliH
A
475
AmerExch.. 210
Astor
Boweryll
Banks
City
t260 t2604 14thStreet1J.
Coal
Iron. 165
Oallatin
Colonial 11 ... 450
Gansevoortii
Columbian .. 360 400
Oarlield
Commerce. .6 t2064
German A m'.
Consolidated 145
155
Leth.
Mate'
180
dividend and rights,
145
800
34th Street.. 195
12th WaniV. 120
23d Wardll.. 125
Union ExchT, 155
United
b
205
.
...»
105
100
New stock.
4
4
.
4
6
.
StOCK Record—Concluded— Page 2
258
8T0CK8—HIQH EST AND LOWEST SALE PRICES
itondav
June 20
Saturiiav
June 18
•9
10
36
•16
•60
36
20
72
46
163
12
Wednesday
June 22
Tuesday
June 21
•9
Thursday
June 23
STOCKS
NEW YORK
Friday
June 24
EXCHANGE
37
the
37
[Vol. lxxvtHs
Range
On basis
tor Year 19U4
01 100-share lot*
Range
lor Previous
Year (1003
Week
Shares
St. Joseph <fcGr*d Island
Do lstpref
Do 2d pre/
104
•37
39
-15
20
•00
70
•44 4 16
156 163
Sales 01
STOCK
J
Lowest
9
200
35
16
861
Highest
Maris 14
Mayl7 45
Jan 8
Jan
Jan
204 Jan
}70 Jan
494 Jan
167 Jan
164 Jan
36 34 Jan
524 Jan
2«4 Jan
864 Jan
92 Jan
Lowest
23
19
19
28
28
23
22
2S
27
27
22
7
32
13
68
39
Oct
Oct
Oct
Highest
154 Jan
58 Jan
24 4 Jan
Mar
Aug 88 Feb
62
72
St. L. <JfcS.Fr., 1st pref....
Dec 78 Feb
394 Jan
444 46
Do 2d pref
•155
100
Jan
Sep L70 J'ly
ctfs
E.I.
com
stock
tr
1484
103
A
C.
•150 163
155
155 163
700
94J'ne
Aug 30 Jan
1 2
12
124 St. Lotus Southwestern..
12
124 124
ia
*114 124
•11
12
12
1,500 234 J'ne
24 Aug rr, Jan
29 4 29 4
28 4 29
Do pref
29 4 29'.
•28
29
284 283, 284 29
139,57'J 414Marl4
45 34 464 Southern Pacific Co
384 Sep 684 Mar
444 454 45
46% 464 404 454 46 4 454 464
0,970
Feb24
214
214
stmped
184
1 6 4 Oct
304 Jan
2
Southernr.tr.
cfs.
214
214
1
204
21
21 4)
21
214 214 21',
1,660 77 4 Jan 6
69 4 Oct 96 Feb
85 4 85 4]
Do prei.
do
85
85
85
864
85
85
•844 36
84", 844
•92 4 94
20 85 J'ne 964 Mar
893
93
10 90 Feb 25
M. <fe O. stock tr. otfs...
•92 4 94
•92 4 94
•924 94
2,360 204 J'ne 7 2734 Jan'J-s 204 Aug 434 Feb
224 r Pexas <fe Pacific
214 22 4 22 4 224 22
214 214 •214 22
214 214
250
I
124
119
115
Marl4
Jan
13 100 Oct 1284 Jan
121
htrd
Avenue
(N.
Y.)...
12
118
121
4
120 1204 81214 1214
•116 120
118
100 174J'ne21 22 Jan 21
•174 20
174 20 Toledo Railways & Light
174 Oct 374 Jan
•174 20
174 174 •174 20
"174 20
2,310 2l4May2? 29 4 Jau 23 15 Sep 314 Jan
244 2434 244 25 4 •244 25 Tol. St. L. & W. v. tr. ctfs
244 244
•224 234 23
24 4
3
37 4
37 4 374
Do pref. vot. tr. ctfs. 2,040 32 Feb 24 394 Apr 25 24 Sep 48 Jan
374 384 37
364 374 374 374
35 Hi 3d
900 874 Feb 2 3 954 Jan 21 79 Oct 1224 Jan
944 944 94 34 95 4 •94 4 954 Twin City Rapid Transit.
•83
944 944 944 •934 95
155 J'ne 81594 Deo
Do pref
90,710 71 Marl 4 90 Apr 4
nion Pacific
654 Aug 1044 Jan
884
87 4
874 874 874 874 874 874 874 874 874
87
a
1,060 £864 Feb 2
944 Apr
92 4 924
83 4 Aug 954 Feb
92
92 4
Do pref
•91
93
924 924 924 924 924 9
120
3
12
9
Feb 17
Jan 15
9 Dec 224 Jan
U nitRys Inv't of SanFran
•8 4 10
894 94
894
731 42 4 Apr 19 474J'nell
35 Jly 64 4 Jan
*4434 454
46 34 47
Do pref
474 474
454 464 464
47
47
a
3
MaylO
2,425
16
214
Jan
27
Oct 324 Feb
17
16
•154
16
164
104
n>.
164
164
164
4
4
Wabash
164 164 164
11.279 32 34 Feb 24 41 Jan 20 27 4 Sep 054 Feb
334 354
Do pref
364
344 36 4 354 334 364 354 354 354 36
1,000 144 J'ne v 19 4 Jau 22 12 J'ly 274 Feb
164 164 •154 16 4fWheeling A Lake Erie...
16
164 154 164 16
16
15
15
1.100 4l4J'nell 5234 Jan 22 404 Nov 02 Mar
42
44
444 43
48
•40
42
44
Do lstpref
•40
48
48
•24
•21
22 Feb24 294 Jan 27 20 Sep 384 Feb
25
25
26
1,000
•20
24
25
Do
2d
pref
23
224 23
320 16 J'ne 6 214 Jan 20! 1440ct 294 Feb
•164 17
164 164 164 164 Wisconsin Cent. v. tr. cfs.
•164 174 •164 174 •164 17
200 37 J'ne 6 47 4 Jan 27 33 Xuv 554 Feb
•374 384
•37
374 374
Do pref. vot. tr. ctfs.
39
384 33
88
•37
384 •37
Industrial tfe iUiscell
•225
•225
226 Mayl 2 8204 Jan 235 Feb
13 }220 Feb
228
228
228
•226
226
822442244
Express
228
•225 228
Adams
524 Apr 8 334 Oct 754 Mar
604 504 494 50
60
604 60
60 4
malgamated Copper... 77,958 43 4 Feb
49^ 604 604 60*4
600 16 MaylO 214 Jan 27 174 N OT 41 34 Jan
174 174 174 174 174 17 4 174 American Car & Foundry
•17
174 •17
174 •17
7434 Apr 7
930 67 Jan
60 4 N 01 93 Jan
70
714 714 714 714 714|
Do pref
71
871
714
70^4 71
71
443 214J'nel4 324 Jan 25 25 4 A ng 464 Feb
25
25
25 4 254 American Cotton Oil...
•24
25
254 8244 244 8254 254 25
88 90
•88
•88
•88
90
90
88
884 J'ne 6 90 Feb 9 82 J' iy 98 Feb
•88
90
90
Do pref
<J0
•22
•22
•22
•22
28
22
23 Mar21 25 Jan 15 24 N
_ OT
•22
28
28
27 American Dist.Telegrapli
41 4 Jan
28
28
134 130 J'ne 2 8197 Jan 27 171 Aug 235 Feb
186 188 •1S4 190 American Express
180 188
183 188 •181 188
•180 200
3
•63
53
63
*6
•534
200
64
6 4 American Crass Twine ..
6
5 4 Jan 19
84 Feb 16 6 J .j 294 Jan
6
6
4
4
4
•34 4 Amer Hide & Leather
•34 4
•3 4
•34 4
4
24 Oct 114Jan
*34 34
4
24 Jan 5 54 Jan 27
"206 11 4 Jan 5 184 Apr 8 10 Oct
•16
174 •17
174
374 Jan
174 174 174 •17
174
De pref
174 •16
842
6 4Mar24
94 Jan 2
4 Oct
114 Jan
64 64
64 »4 864 64 •64 7 American Ice
64 64
864 6°s
740 244 Mar24 364 Jan 4 16 4 Oct 424 Jan
26
26
26
2«4
Do pref
•264 264 {26
264 264 264 264 826
3
*6
*7
•7
1934 Jan
.7
J'ne
2
12
Jan
22
J'ly
•64
9
9
7
9
5
64 9 American Linseed
§
8
4
•24
'24
•24
30
•24
SO
224J'ne 1 30 Mar21 23 4 Nov 48 4 Jan
24
SO
•244 80
SO
30
Do pref
500 164Jan
234 Feb 16 104 Oct 814 Feb
194 194 '184 194 •184 194 American LocomotiYe...
184 184 •184 194 194 194
655 76 4 Jan 6 84 May 6 674 Oct 954 Feb
83
•824 834 5834 834
8334 834
834 834 83
Do pref
83
83
•24 4
24J'nel6 434 Jan 22
2 4 Mar
5 4 Feb
•24 34
24 4
34 American Malting
24 24 •24 4
•17
•17
•17
100 16 J'ne 3 22 Jan 14 144 Sep 244 Jan
•17
19
17
•17
19
17
19
19
19
Do pref
34 Oct
633
Feb
4,303
46
26
544
J'ne
U)
Feb
634
63
634
36
634
534
534
534
634
Amer.
Smelt
524
634
4
&
Refia'g.
684
'g
4
{63°b
97
7,145 88 a4 Jan 6 984 J'nel3 804 Oct
994F*rt>
9838
964 974
984 984 984 984 s»97
Do pref
98
984 98",
110 Jan 21 120 Feb 29 90 Aug 126 Mar
•117 122 4 •117 122 4 •117 122 4 •117 1224 •117 180 •120 1224 American Snuff
*884 95
88 95 •88 91 884 91
93 J'nel4 80 Sep 984 Jan
•884 95
85 Jan
•884 95
Do pref
•1264
1264
127
15,470
1224 Mar
1314 Jan 25 107 4 Oct 1344Jan
1264
1234
1274
1264
12641264
1264
1274
American
Sugar
Refining
1264
130 130
128 128
360 123 Jan 4 130 J'ne23 116 Aug 123 Deo
•1264130 $126 126 •127 130 •127 130
Do pref
1,270 121
Feb 10 1304 J'ne23 117 4 Oct 169 Feb
129 4 1304 •130 1304 1304 1304 1304 1304 Amer. Teleph. <fe Teleg..
#129 129 •129 130
•103
•10
•10
104 11 American woolen
•10
11
•10
10 Jan 4 12 4 Jan 11
11
11
11
7 4 Oct
144 Feb
4 11
•75
76
•764
2
•70
77
....
22
69
Jan
77
754 April 65 Oct so Jan
76
8764 764
Do pref
4
J76
71 73 Anaconaa Copper
•72
400 61 Feb 20 804 Apr 12 58 Oct 125 4 Feb
*70 4 744
76
74
74
73
73
74 4 •72
100 185 Marl6 227 Mayll 170 Sep 225 Jau
•212 225 •212 220
215 215 •313 320 •213 220 •213 220
Brooklyn Union Gas...
•5
-5
•5
•5
•5
*5
7
7
54May24 7 Jan 20
Oct
10 4 Jau
7
5
7
7
7
nrnsw. Dock <fc C. Imp't
•48
•484
484
49
•484 49
49
•484 49
•484 49
49 Butterick Co
474 Feb 19 494 Mar 7 40 Aug 05 Jan
•29
•30
30
31
30
•29
30
80
30
30 /Colorado Fuel & Iron...
1,020 25 4 Marl2 344 Jan 27 24 Nov 824Jan
294 31
•
64
ao 63 Apr 5 65 Jan 27 65 Dec 122 Jau
...... 64
64
..„.. 64
64 •
860
60 \J Do pref
•9
9
9 J'ne
10
94 •84 94
9
1,280
164 Jan 26
9 34
9
94
9 4 Nov 22 4 Feb
94
Col. <fe Hock. Coal & Iron.
2104 Apr 20 164 Aug 222 Jan
1964198
194 195 4 I9434 197
1914 1964 Consolidated Gas (N. Y.). 30,854 185 Feb
81924 1924 1934194
114 J'ne 8 944 Aug 119 Jan
547 1014 Jan
•1124112 4 •11241124 1124 1124 •11141124 •111 1124 112 112 Continental Tobacco, prei
934 May
224 Jan 25 15 4 Nov 35 Mar
•104 114 •104 114 104 lO 3 •104 114 •104 114
11
351
Corn Products
•65
•654 69
354 65 Mar
744 Jan 23 60 Nov 854 Jan
69
68
8634 684 664 664 8674 674 •65
Do pref
22 4
33
264 Jan 21 20 J'ly 34 a4 Jan
234 Distillers Securit's Corp. 2,122 19 4 J'ne
214 314 204 224 214 214 214 214 22
1514
•150 152
151 151
16341584 153 154 General Eleotric
1514
1,626 cl51 J'ne20 1794 Jan 23 136 Sep 204 Feb
151 162
•1034 114 •104 11
•1034 Ills *1034 114
•1034 11
11
11
104M»y26 144 Jan 25
9 J'ly 194 Jan
Paper
66 67 International
•66
•66
67
67
67
67
iS8 644 Feb 9 684 J'ne 14 67 4 Nov 744 Feb
67
8654 654 •66
Do pref
•34 4 35 h •344 354
200 26 Mar 1 35 4 J'ne21 23 Nov 73 Jan
354 36 4 •344 35 4 *843t 364 •35
International Power
•28
•28
•28
•30
32
•28
32
32
830
25 29 J'ne 7 40 Apr 7 28 Dec 464 M ay
33
33
Internat'l Steam Pump.
•70
•70
•72
72
•72
76
76
76
10 71 4 Feb 9 78 Apr 7 70 Oct 89 4 Jan
870
76
76
76
Do pref
•7
•7
•7
•7
*7
10
8 Apr 19
6 4Mar21
10
10
10
7
10
6 4 Sep 13 May
Mashattan Beach
2",S3i 36
Jan 4 464 J'ne24 32 Oct 474 Feb
40 4 46 4
454 454 454 454 45 4 454 45 4 45>4 4534 464 National Biscuit
200 1004 Jan 10 107 4 May 14 94 Oct 1004 May
1004 1064 •1064106 4 •1064 1064 10641064 10641064 I064 107
Do pref
20 4 204
2,600 144 Feb 25 22 J'nel3 10 4 Nov 29 4 Feb
204 21
204 204 204 204 20
204 National Lead
•203s 204
•91
•92
94
•92
•90
•92
94
•924 91
96
94
80 4 Jan 20 94 4 J'neU 75 Oct i^o Feb
94
Do pref
•125 136
•125 185
125 131
800 120 Feb 25 1S94 Jau 22 105 Oct 177 Jan
130 1304 13034 180 4 130 13 04 New York Air Brake
•83
•83
85
86
85
401 80 Mar 12 90 .Ian 20 63 Sep 12 14 Jan
86
86
86
854 854 85
S6 North American Co., new
"
•25
•24 34 264
•244 26 Paoific Mail
•244 26
33 4 Jau 18 17 Aug -124 Jan
25
25
300 24 Feb
264
264 26
9"84
96-4
9734
97
97
97
97
984
964
97
964 964
S7 a4 Sep 108% Feb
eop. Gas-L.dfc C. (Chio.) 12,585 924Marl2 102=8 Jan 23
27
•264 274 27
27
27
2,760 24 4 May lb 33 Jan 28 22 4 Nov 05 a4 Jan
27
274 274 274 274 27 4 Pressed Steel Car
•09
•70
*0'J
71
•694 71
•69 4 71
71
71
71
120 07 May It 724 Jan 28 62 4 Nov 95 Feb
714
Do pref
•212 214
213 4 214
212 212
212 213 •212 214
2144 215 4 Pullman Company
1,000 209 Marl4 2194 Jan 22 196 J'ly 28O34 Jau
•164
18
•10 4 18
•16 4 18
•16 4 18
•164 18
•164 18
16 MaylS 24 4 Mar 2 16 Sep 37 Feb
Railway Steel Spring.
iVDo
•72
•72
75
•72
76
70
73 4 73 4 •72
160 71 34 Mario 73 Jan 4 67 Nov 80 Feb
75
876
75
pref
•6
812
6 Mayl 6
64
64 64 Republic Iron & Steel
64 64
84 Jan 25
64 64
64 64 864 64
64 Not 224 Feb
•40
42
899 37 May 18 494 Jan 2;! 364 Nov S04 Feb
414 414 414 414 8404 404 414 414 41
414
Do pref
3
•15
15
•15
•15
16
16
•15
16
200 14 4 Apr 10 22 4 Jan 27 12 J'ly 30 Feb
16
16
154 15 4 Rubber Goods M f g
•76
•76
•76
70
•76
79
79
774 774 76
200 74 34 Jan 15 7934 Apr 4 60 J'ly si 4 Feb
79
78
Do pref
•36
•30
37 4 •36
374 •36
37 4 •36
87
314 Jan
11
3T4 •36
Apr 12 22 4 Oct 72 Feb
loss-Sheffield
374)
St. & Iron
"206 77 Jan o 84 Apr 6 67 Nov 97 4 Feb
•83
•784 82 4 •764 82 4 •784 824 •784 824
83
83
83
Do pref
•3.
3
•4
•4 14
14
•4 14
100
14
14 Feb 24
14
4 Mar 4
4 Sep
4 Feb
14 Standard Rope & Twine
35
8344 34 4 3434 35 4 35
35
354 35 4 35 4 35
2,215 814 MaylO 414 Apr 7 25 4 Nov 084 Mar
364 Tenn. Coal, Iron <fc RR.
a
•24
•24
274 24
•244
274 •24
27
25
29
2 74 •24
MaylO
Aug
274
4
Jan 22 22
40 4 Jan
27 4 Texas Pacific Land Trust
4 Mar 2 2
5 4 Jau 20
4 4 J'ly 15 Jan
anion Bug ct Paper..,
80 1 4 61
16 45 Feb 24 58 4 Jau 4 5734 Dec 794 Jan
Do pref
64Mayl6 84 .Ian 21
6 Sep 10 Feb
U. S. Cast I. Pipe & Foun.
42
42
100 40 Mar24 40 Jan 22 33 Nov 65 Feb
Do pref
"•103
105
»103 10
81014 105 }U)5 106 104 108
ioi" 108 United States Express.
210 100 Feb 24 110 Jan 20 95 Aug 1004 Feb
-034
"64 7
•64 7
4 04
15 '4 Feb
8
7
2 90
64May27 84 Jau 25
7
6 Sep
•G a4
04 64 United States Leather..
"
•79
794 794
794
79 4 704
7934 80
80
80
1,900 754 Jan 4 814 J'ne 9 71 4 Oct 904 May
794 80
Do pref
•0
•6
64
64
64
4 Dec 28 4 Jan
54 6 U S Realty* Construction 3,458 64 Jan 15 94 Jau 21
64 54
64 54
•584 60 4
69
On', •58 4 GO 4
5934 60 4
o9 4 60
2,363 40 Jaul4 634 May23 30 4 Nov 7;; jau
594 694
Do pref
16*4
810 4 164
104 •164 104 •16 4 164 •164 164 8164 104 United States Rubber.
100 104 Feb t 18 4 May 4
7 J'ly 19 4 Feb
60 4 60 4 •654 00'
•0534 664
86
66
340 41 Jan 4 684 Apr 29 304 Jly 58 Feb
|66
66
664 664
Do pref
9 4
94
94 9 4
9
94
94
94
27.475
84 Mayl 124 Jau 2 10 Xov 394 Feb
94 10
94 10 United States Steel
054
64 4 6 \
644 56 4 05
564 05 4 564
554 564 56
107,265 514Maylo 62 4 Apr 7i 4934 Nov 894 Jan
Do pref
•26 1- 264 • 25 4 28
•25 4 28
264 •23
23
8254 254 25
716
4 Apr 10 344 Jan 20' 17 4 Sep 664 Feb
23 4 Virginia-Carolina Chem..
'10041014 • 100 4 101', 1014 1014 10141014 100 1014 101 101
300 974 Apr 16 106 4 Jau 26t 80 Aug 1234 Feb
Do pref
20 Apr 20 20 Apr 201 17 Sep 394 Feb
Virginia Iron Coal A Coke
200 210 •200 210 •200 210 *2uo 210 •200 210 200 210 Wells, Fargo & Co...
8200 J'nelti 8212 Jau 61 8191 J'ly 249 4 Feb
86
87 4 87 4 xSO
86
87
87 4 874 8Si>4 87
87 4
1,178 85 Mayl9 6934 May 9, 804 s i'ii 93 Jan
est'u Union Tele'gph
d
•164 156
150 1664 •164 157
160 156
15634 1504 150 167
1,400 153 May 2 1734 Jun 21; 130 Oct 221 Jan
Wesfgh'seEl <fe M f g assen
•175 200 175 200 •175 200 •175 200 176 200 •176 200
Do lstpref
8180 Apr 21 194 Jan 19 160 Sep 224 Jnu
-60
72
M-i
4 40
4434
•60
70
•444 454
•60
70
•444 46
105
163
'J
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h
24
,
U
,
8*
,
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4
1
"
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
But
It 11 II lift
Ask
West
Sid."
Yorkvillt:'
..
.
Rid
BniiltM
.M
BKOOKLYX
2764
eobanlcsll
..
305
si. loli.
Peqple'sl
150
800
Borough^]
....
230
215
17th WardD. L50
Bpr&jrue
[00
390
Wallaboutll
.
Ask
Rid
210
Howl'gQrecn 2oo
BroadwayTr. 145
("IK'tyH.VTr 475
Central Tr'st 1920
(juy Trust... 200
Colonial
290
Oonimonw'th 00
495
1960
876
800
75
Batiten Tr.. 10S
162
100
Empire
150
F,i|intnbleTr 600
300
700
Stuyvesaatl 185
..
Cou'ylABin 110
1
16
Nat City
North
First,
1
Trust Cos.
N. T. CITY
Bankers' Tr. 280
Manulactrs'. 300
OOO
376
Merchants
Broad
Brooklyn!
Ask
DUOOK I.Y.N
WaHh.M'litHl. 200
Hid and asked pnoesi m> sales on this day. 8 Less than loo shares, t
Sale at Stock bxcliauirc or at auction this week.
Ex stook dividend,
Trust Co's
Fxohange Tr
Farm Lo A Tr
Fifth Ave Tr
Guaranty Tr
Guardian Tr
Rid
Ask
1320 1380
025 550
075
175
105
Knlclc 'rb'k'r 900
360
Manhattan .. 470 800
Mercantile .. 975
1025
Merchants'.. 200 220
Metropolitan 685 600
MortouTrnst 875 890
Trust Co's /.'in Ask Trust Co's Bid ASK
Mut. Alliance 200 220
N Y Life<fcTr 1000 1030 BROOKLYN
N YSeo&Tr 000
Ninth Amer. 242 252
Brook'yn Tr 390
mmm
Ural KstTr't 320
Flalbasll
190 200
320 340
StandardTr't 320 340
Franklin
Hamilton
290 300
Tr Co of Am. 225 230
Union Trust 1350 1400 Kings Co
400
m
290
USMtg-ATr 350
L Isl L&Tr.
20O
Unit States 1450 14S0 Nassau
325
Van N'denTr 194 200
People's
Washington 390
246
Willianisb'g. 235
155 i'65
'
.
Ex
rights.
Kx dividend and rights,
s Trust Oo. oerHiicitos.
"j B^aks marked with a
paragraph
(H)
are State
banks
j
H
>
New York
Exchange— Bond
Stock
Kecord. Friday,
4
Weekly and Yearly
OCCUPV1MJ FOUR PAGES
BONDS
8TOCK EXCHANGE
Week Ending June 24
N. Y.
U. S.
J^rice
Week's
fYidav
June 24
1'ange or
Last Sale
Bid
Government
STOCK KXC'HAVGE
5 a January 1
Week ukdixo Junb 24
High Au Low High Central of Ga—(Continued
Ask Low
V 8 2s consul registered. rfl930 Q-J 104% 105*4 MM May '04
105% 106 3« 106*4 Mar'04
dl930
U 8 2s consol coiipun
V 8 2s consol reg small. .dlw.H* Q
V 8 2s consol coupsinall.dllKio q
105 34 106
fcl918
10.'>%Mi>y'04
U 8 3s registered
lOO * Salt 100S lot;**
A:1918
U 8 3s coupon
107 J'ne'02
V S 3s reg small bonds. .fcl918
105 ....
105 34 May'04
U 8 3s cou small bonds. .fcl918 Q
Q-J
M907
U 8 4s registered
100>s 106««, 100*4 J •ne 04
TJ S 4s coupon
A1907 Q-J 107 10734 107*4J'ue'04
1925 Q -F 132*4 133 183*4 May'04
V 8 4s registered
N. Y.
105
107*4
106*4 106*4
io5%ib'6%
>.
'i
BONDS
Jiange
Since
1
3d pref income g 5n
pi 940
Otaatl Inv pur moil ff 48.1951
.Mac it Xur Div lht g 5s. 1946
Mid Ga<* Atl Div 5s.... 1947
Mobile DtT lstg 5s
L946
Cent of N J geu'l gold 5s. ins?
106»4 108
'i
Begistered
Am
<i
U8
192E Q-F
4s coupon
Philippine islands 48.1914-34 Q-F
Foreign Government
Frankfort-on-Main 3%s ser 1 M-S
t These are price * on
Japanese Govt 6s otfs lull paid Oct
Bepub of Cuba
os ctfs full naid
2d lnstal paid for 5s of 1904. Sep
XJ b or Mexico » I g as of 1899 Q-J
II
State Securities
Alabama class A
1900
1900
1900
1920
1924
J.J
J-J
J-J
J.J
Louisiana new consol 4s. .1914
Small
Missouri funding.. ..1894-1995
North Carolina consol 48.1910
6s
1919
So Carolina 4 %S 20-40
1933
Tenn new settlement 3s.. l9l3
Small
Virginia fund debt 2-38...1991
J-J
4 to 5
B5s
C 4s
Class
Class
Currency funding 4s
Diet of Columbia JrGba
6s deferred
Alabama
F-A
98% 08%
liese
are pr
199
99
May'04
ices
n
98*«
99
102% May'04
102*4.
109*4 Oct '00
98% 99
t08%
t/u b asit
102^.
100*3
X.
0/ i-bto
10234 10234
102%Mar'02
119
104 'a.
121
105
.
97 ....
95%....
J'ne'04
109*a Feb '99
106
102 Feb '04
136%J'ly'01
120 Mar'OC
97 J'ne'04
102
6%
106
91*3 92*4
7
6*a
See
Bait
<fc
Begistered
A.1948
M948
94
Sale
"92**
95
108'4
136%
121%
113%116
125*8Nov'03
112 68 Jan'04
91*8
98*8
102%
99
101*2
«7*4
82*2
87*3
92*4
91
94Hi
94
82*2
92*8
96*8
96-%
112%112%
112 Apr '04
87 Aug'01
91*i.Oct'03
111
93 a4
96
W
1
Monon Biv
gu g 5s. .1919
Cen Ohio B
cg4%s.. 1930 M-S
Pitts Clev <fc Tol 1st g Os 1922 A-O
Pitts & West let g 4s. ..1917 J-J
J B M ifc Co certfs
Bat Creek <fc s nee Mioh Cent
Beech Creek See N V O & H.
<fc
109
Sale
39
"134
Apr '04
97
98
89*4
89*4 J'ne'04
96
97
97
91&8
92 135
90*4 J'ly'02
97
Sale
91*4 Sale
107 34
108
105*2Mar'u4
108 J'ne'04
119*2 Mar'04
98 J'ne'04
.
.
1173<
.
97
.
100*4
96*2.
CEIFifcN Wlstguos.1921 A-O
M<fc StLlstgug7s....l927 J-D
Canada South 1st 5s
1908 J-J
'2d 6s
1913
Begistered
1913 M-S
Carb & Sliawn See 111 Cent
Carolina Cent See Seab Air L
Carthage & AU See N Y C tfc H
Ced B la F ifc N See
C
MS
Central Ohio
See Balti
<fc
112
92*8 96*6
92*4 95*4
100*4 102*8
100 101*3
97
98
87H» 8934
92Hi 97
87*4
92
U9*al22
98
98
Feb '03
103
124
99 3S
98
101 *«.
.
121*2121*2
121*8 124
May'04
99 78
22
101*4 J'ne'04
115°8 May'04
120*2 Mar'Oo
110*3 J'ne'04
.
11634
110
Apr '97
121*3 Mar'04
120*4.
122*4.
118
113*3 117
.
.
105*4
105*4 Sale
100»8
107
107
91 *a
91*8 Sale
107
108
117*3
Ill Sale
10934
97*8 99*8
101*4 103*8
115*all7
110*2110*3
107
74
34*a
.
79*4
F-A
F-A
106 107
89 34 90
108%
M-N 100%
83% Sale
95%
A-O
104%107*2
90
91 Hi
Apr '04
111
J'ne'04
74*a
36
92*2
106% 108
1164H8
DesM
57 103 a4 111
106*2 107
27 05% 76
95 28
36%
,
,
106% 14
79% 222
78 34
108 34 J'ne'04
100 Mar'04
6
106% 107
88*4
00
90
169
84
82%
94% J'ne'04
95
J'ne'00
J-J
J-J
J-J '102%.
103
Nov'01
109
Mar'98
J-D
latest price this
133%
la7% 130 '3
128
lll*,113Hi
1
103
103*3
102
Sale
118
117
114 34 j'ne'04
1
loo
Sale
105
103
112
56 100 Hi 106%
llo
103
105*2
•83*i
79
Salt
94%
90*3
109*3
101*3
104*3.
F-A
loS%
it
Ft
D
J-J
1(H)34
May'04
J'ne'04
J'ne'04
106
114
94%
129
129
114%118
112*4 113
130
108
108
175
130
126% 130
J'ly'03
Jan '04
Apr '04
los
108
175
110%J'ue'04
169
109
IO934 J'ne'04
lo9*s
H.
107*4 10934
109*3 109*3
98% May'04
Apr '03
97% 98%
109
119%
110*3
116 Apr'04
110 '4 Feb '04
115% 119
109%111
117 J'ne'04
11134 J'ne'04
137*2 J'lv ".Ul
114% 117
109% 111 34
11734 May'04
116%118%
106
169
106
169
106
169
lf)6 34
107
Mar'o-J
Mar'04
113% Oct '03
107 May'04
112 '4 J'ne'04
112 May'04
116*8 116
111
111
110 34 112*4
1()9 34
111*4
114 116%
110 34 111
114*4 117%
127% 12934
102% 105
102% 102%
96% 99%
115*i J'ne'04
J'ne'04
128
104% 104%
102% May'04
98
NoV.ls
Apr'04
111
111% Dee '03
98
103
111*4
>4
HI
1
*
OS '4 110%
106 107
104 106
104 104*4
I
107% 108%
10834 10834
115% 118
114*8 116
Nov'02
.
131
....
69
Sale
7934 sale
Apr'04
Sep '08
118%
103
103
121% 125
Feb '04
120
101
120
105
96
96
93
90
105
Jan
%
'03
99*e J'ne'02
96 May'04
93 May'04
90 May'04
ti9'. 541
08 34
i
88*4 Jan '03
79*3
80
104% Jan
103% Jan
.
117*4
J'ne'04
104%
107
96
94
93
92
.
1*12
Dec '03
34
103
109
125
120
Sale
.
109%
142*3 Feb '02
131'b.
131*8.
103*6.
106*3
105% 106%
105 Hi
97
01
95*4 Oct '03
Oct '03
98
106
Jan '04
90
66% 74 s4
85
73
104% 104%
103% 103%
'04
90
93
93% 98
104% 106
J'ne'04
on Next Fuge.
Unilway
Mil El By ifc L 30-yr g 5s. 1926
Minn St By 1st con g 6s. .1919
St JoByLt II&P lstg5St Paul City Cab con g 5s. 193"
Union El (Chic) 1st g 6s. .1946
F-A
J'ue'02
J-J
109*4
Apr '03
A-O
109%
78%
J-J
103
4
92%
89
115
114
40 94
116
94
>
e
119
116%
119*4
95
Oct '99
106
110
M-N
United BBs San Frsf 4s. 1927 A-O
United Bye St L 1st g 48.1934 J-J
Chic St 40-j-r cons g 5a. 1930 M-N
W
105% 108%
Jan '04
By—CCon;Bef g 4s2002 A-O
90%
90% 90*8
Col&9thAvlstgu gos. 1993 M-S 11534 117% 11634 May'04
72% 79%
LexAvA PFlstgug5sl993 MS 115
116% May'04
107% 106%
Third Ave RR con gu 4s 2000 J-J
100 100
95 Sale
95
94%
Third Ave Ry 1st gos. .1937 J-J 119%12l% 119 May'04
100 107
MetWS
El
(Chic)
I«tg4s.l938
J'ne'04
F.\
90
94
S2
90
*3
107
116
105
114
113
99*«106% Met St
79% 84
§4 *a
74% 80
101
106%J'ue'04
129 Apr '04
116
118
120 Dec 02
117% Mar'04
9034
10u> 4
81*3
1
118%
9334
97
94
94 Hi 120 91 " 94%
90 *2 Apr '04
90*3 91%
s
109 , Apr '04
109 3 4 109 s4
101*4 J'ne'04
100% 102 >„
104*3 104 *i
03 Hi 106%
105 Dec '03
lOU'j Feb '04
100 100 34
127*2.
M-N
1923 A-O
Apr '02
Apr '00
106
.
109%.
96 34
Extension 4s
Keok it Des M 1st 6s
4
83 \
79*2 120
83*a
79
S3 '4
104 '4
Mav 01
105%N.iv'ii;f
109*4
109 34
127*4 J'ne'04
1905 J-J
1905 J-J
94*4
'02
.
101*..
1st 4s. ...1905 j-J
1st 2*as
,
I0434
104*8.
105
M-N
M N
M-S
.
118%.
114%,
J-J
J-J
MX
99 4103
103
J'ne'04
110 J'nu'04
io7
Mar'04
104*3 J'ne'04
1 04
Mar'04
108% J'ne'04
108 34 Jan 01
116*3 May'04
11 4*8 J'ne'04
IO734
J-J
M-N
M-N
M-N
M-N
118
103
109
126
110*8
115*4
113
90%Doo'Oo
Q-F
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
MS
118
11'.,
1
Muay'03
lOOHiOct
b7
116
112
110
100*1
Apr '01
Sale 103
97*4 97
104 *3 Sale
1919
1927
1921
109%
109% 111
118
116
A-O
A-O
M-N
M-N
M-S
1917
1988
Begistered
1988
CoU trust Series O 4s .. 1905
H4s
1910
M-ls
1915
N4s
1916
P4s
1918
Chic B I & Bao BB 4s.. 2002
Begistered
2002
1913
Coll trust gold 5s
Choc Ok & G gen g os .01919
Consol gold 6s
1952
Aug'03
J-D
F-A
Bwayifc7thAvlsteg58l943 J-D
"No prioe Friday;
103%
8ale
Sale
J-J
J-J
J-J
J-J
-
1
108 Apr '04
110%Ma)'oi
5s. .1919
Begistered
General gold 4s
102*3 105 a4
10534
J'ne'04
U6H1 Mar'04
74*3 Sale
35 34 Sale
A-O 106
J-J
M-S
M-N
A-O
North Illinois 1st 5s
1910 M-S
Ott C F & St Paul 1st 5s 1909 M-S
Winona & St Bet 2d 78. .1907 M-N
Mil L S ifc West 1st g 6s 1921 M-N
Extifc Imp sluud g5s 1929 F-A
Ashland Div 1st g 6s. .1925 M-s
Mich Div lstg 6s
1924 J-J
Convertible deb 5s
1907 F-A
Incomes
1911 M-N
Isl
Book
&
Pac
6s.
Chlo
..1917 Jj
Street
J-J
23
18
92*3 !'2*3
I04 104
7
2 -."4
92 '-.-Muyii
104 Feb '04
102
103 J'ly'OS
133*4
130
130
;;'•-.
1
113*4
.1
1
No Low High
107*3
110*2
101*el01 s4
D
Begistered
;>1987
Sinking fund 6s. ..1879-1929
Begistered
1879-1939
Sinking fund Ba... 1879-1929
1879-1929
Begistered
Debenture 5s
1909
Begistered
1909
Debenture 5s
1921
1921
Begistered
Sinking fund deb 5s
1933
Begistered
1933
DesMo&Minn 1st 7s.. 1907
Milw ifc Madison 1st 6s. .1905
MISCELLANEOUS BONDS—Continued
Street Unilway
Brooklyn Bap Tr g 5s
1945
1st refund conv g 4s
2002
BkCity 1st con 5s. 1916, 1941
Bk Q Co ifc S con gu g 58.1941
Bklyn Un El 1st g 4-6s.l960
Kings Co El lstg 4s.. ..1949
Nassau Elec gu g 4s
1951
City & S Ry Bait lstg 5s. 1922
Conn By & L 1st & ref g 4%s '51
Den Con Tr Co 1st g 5s... 1933
Den Tram Co con g 6s. .1910
Met By Co 1st gu g 6a. .1911
Det Cit St By lstcong 5s.l905
Gr Rapids Ry 1st gos...al916
Louis By Colstoong5s.. 1930
Market St C By 1st g 6s. .1913
Met St By gen col tr g oa.1997
January
102
10 100
W
Oluo
Cen BB tfc B of Ga col g 5s 1937 M-N
Cent of Ga BB 1st g 6s..pl945 F-A
Consol gold 5s
1945 M-N
Begistered
1945 M-N
1st pref income g 5a
pl945 Oct
2d pref income g 5s
pi 945 Oct
since
9
lOSHlJ'ue'O-l
101*3 101-'4
Southwestern Div 4s
96*a.
Joint bonds See Great North
M-N
IO434
105*3
Debenture 5s
1913
Han ifc St Jos consol 6s. .1911 M-S 113*3
Chic ifc F 111 1st s f cur 68.1907 J-D 106%
1st consol g 6s
1934 A-O 129*3...
1937 M-N U6*e...
General consol 1st 5s
1937 M-N *H6*3...
Begistered
Chic ifc Ind C By 1st 5s. 1936 J-J 115 ...
Chicago & Erie See Erie
130
Chic lu ifc Louisv ref 6s. ..1947
110*3.
Bef unding gold 5s
1947
lll*a.
Louisv N A <fc Ch 1st 6s. 1910
Chlo Mil •& St Paul con 7s 1906
110%.
Terminal gold 5s
1914
109
General g 4s series A. .^1989
106%.
Begistered
el989
General g 3 *»s series B.el989 ?:j
j-j
115%...
Chic ifc LSuDivg58....1921
Chic ifc Mo Biv Div 58...1926 j-j US*8...
1910 j-j 118%. ..
Chic ifc BacDivOs
Chic <fc P
lstg 5s
1921 jj 117 117%
Dakifc GtSogSs
1916 jj 11134...
12934...
Far ifc Sou assu g 6s
1924 j-j
Uasl ifc D Div 1st 7s
1910 j.j 118 ...
1910 j-j 107*e...
in 6a
1908 j-j
I& D Exteu 1st 7s
LaCrosse & D 1st 5s.. ..1919 j-j 113%
1910 j.j 107*9
Mineral Point Div 5s
1910 j-j 112%
So Minn Div 1st 6s
Southwest Div 1st 6s
1909 j-j 112
Wisifc Minn Div g 5s. ...1921 j-j 116
Mil & No 1st M L 0S....1910 J-D Ill 112
1913 J-D 115*4
1st consol 6s
128%
Chic & Northw cons 7s
1915
104*8 Sale
Extension 4s
1886-1926
Begistered
1886-1926 F-A 10234
96^
General gold 3*38
1987 M-N
BC1UX
Cen Branch U Blstg4s...l946 J-D
Cen Branch By See Mo Bao
la
Begistered
105*2105*2
108 108
115*8 May'04
115*2.
Mah 1st gu
g 5s.. ..1943 J-J
Boch <fc Bitts 1st g 6s. ..1921 F-A
Consul 1st g Os
1922 J-D
Buflalo ifc South west See Erie
Buff & Susq 1st ref g 4s.dl951 J-J
Bur Cedar B ifc No 1st 5s. 1900 J-D
Con 1st tfc col trustgos.. 1934 A-O
Begistered
1934 A-O
«fc
A
Iowa Dlv sink fund
ifc
CI
Hange
5
100*2
U>3*3
10134 Sale
101*3
J-J
F-A
F-A
J-J
J-J
Denver Dlv 4s
lUinois Div 3*38
tiee Illinois Cent
.See
1
tiee
Coast
& Montauk
Long
Bruns
West
AU
L
Buffalo N V
Erie tiee Brie
Buffalo B & B gen g 5s... 1937 M-S
AU & West 1st g 4s gu„1998 A-O
Bklyn
96*8
96 *«,
95*4 May'04
102*8 10278
101*3 J'ne'04
/t-1925
1st
1st
Car
Sale
A-O i02 34
Q-J
1911 M-S
Begistered
it
96 34 Sale
114*2 Oct '02
96% 295
953b
95
Sale
96
PJun<fcMDivlstg3%8l925 M-N
B L E «fc Va Sys ref 481941 M-N
Southw Dlv 1st g3 as...l925 J-J
Belle v
Sale
Sale
94*8
94%
102*b 102% 303
101*3J'ne'04
92
41
94
82*3 Jan '04
90
292
92*e
96
95*8 20
9438
102%
/t.1925
Gold 4s
Begistered
Conv deb 4s
113'8ll5
.
NW
6'eeSou Pacific
Ohio prior Ig3%s.l925
105*3
10a
109
133 '4 Sale
130 "3
1950
6s 1905
1922
1949
1949
Sinking fund 4s
6*4
J-J
J-J
1st lien 3*as-..1950 J-J
Registered
Chlo B •& Q— Oh
97
&
it
«t
Nebraska Extension 48.1927
96*4
At Coast Line
See Del ifc Hud
Allegheny Valley See Benn BB
AUeg it West See Buff B B
Austin
A
Div l8teong4s..l9«9
2d consol g4s
1989
Warro8pr Val 1st g6s.. 1941
Greenbrier Ry 1 st gu g 4s '40
ClnoA Alt RR ret g 3m... 1949
102 *2
Albany & Susq
W
H
Begistered
93*aNov'03
95% 92 *4 Mar'04
7
Craig Valley 1st g 5s.... 1940 J-J
Hallway
Mar'02
Mar'03
11 1
6*s
Am Dock ib 1m SeeCeutofNJ
Ann Arbor 1st g 4s
A1996 Q-J
Atch I it 8 Fe gen g 4s. ..1995 A-O
Begistered
1995 A-O
Adjustment g 4s
/t.1995 Nov
Begistered
/il995 Nov
Stamped
/il995 M-N
East Okla Div 1st g 4s.. 1928 MS
Chio <fc St Louis 1st CS..1915 M-S
Ati Knox ifc Nor 1st gos.. 1946 J-D
Atlantic Coast 1st g4s./tl952 M-S
Charles <fc Sav lstg 7s.. 1930 J.J
Bav F & W 1st gold Os.. 1934 A-O
1st gold 5s
1934 A-O
Ala Mid 1st gu gold 5s 1928 M-N
Bruns &
1st gu g 4s 1938 J-J
Sil 8 p Oca & G gu g 4s 1918 J-J
Atlantic & Danv See South By
Atlantic it Vadk See South Ry
rj
jj
,
Railroad
Cent See So By
M id!
laba
Imp gu 5s.. 1921
geugug5s 1920
.fc
ud B
J-J
Jlti/h
Bl%
j.
J-J
J-J
J-J
La si
Ask
Oct
S-
,,
A-O
Brown Bros ctfs.
11
Week's
Kange or
liiti
Leu ifc Wilks B Coal 5s. .1912 M-N
*4
107 108
Con eit guar 4*38
f/1910 Q-.M
132% 132*8
N Y & Long Br gen g4s 1941 M-S
132% 133% 132%J'nt'04
132*b 134
Cent Pacific See Su Paolflo 00
110 ....
111% Mar'04
nielli 3 Chas ifc Sav See AU Coast Line
dies ifc Ohio g 6s ser A../tl90S A-O
Gold 6s
olOll A-O
1 95*3 Feb '02
T95
1st consul % 6a
1939 M-N
the basis oi /our marks In o ne do liar.
Registered
1939 M-N
93 Salt
1)3*4
92%
92*g 93%
General gold 4*38
1902 M-S
99 Sale
99
09
148 98*a 99*4
Registered
199 M-S
J-J
J-J
J-J
J-J
J-J
J.J
Dock
Le&
105»< 107*8
106*4 108 '4
,
A1987
J^rice
fYidau
June 24
81%
I
79 >4 307
8034 J'ne'04
99 Dec '97
75% 80
80% 81
Gas and Electric Light
18 112%115% Atlanta G L Co 1st g 5s... 1947 J-D
113% 114 113% 114
Bklyn U Gas 1st con e os. 1945 M-N 1133, 114% 114
112*4 115
114
4 112*4115*4
114 J'ne'04
114%.
wees, o Due Jan d Due Apr e Due May j/Duej'ne /iDuej'ly k Due Aug oDue Oct p Due Nov «Option sale
7
'
Bond Record
2586
BONDS
STOCK EXCHANGE
Week Ending June 24
Chic* St L SeeAtchT&SaFe
OlncStL&NO &ea IU Cent
Pitts See Penn Co
Chlo St L
Chio St P M & O con 6a. ..11)30
N. T.
Wee/ft
Friday
June 24
Last Sale
Range or
Since
2 o January
N. Y.
130V133*4
130i4 131
129*4
20
122*i
72 h 8 2*4
110 IIII4
r_'9' !.,
i
S««CK14P
Cln H <fc D consol Bt7e...l906 A-O 10141937 J-J
2d gold 4 4s
Cin D<fc 1 1st gug6s...l941 M-N '1*12*8 II
CIKtL&O
See
CC C
St
<fc
-
104VDeo'03
113
112
Oct '00
May'04
IIII4H2
WW
1004 Sale
1004 102
J-D
J-J
J-J
99 4
1004
951s 101
1024 102
95
93
J-J
102
99*4 102*4
Jan '04
Dec '02
99
102
WW
Colum
&
Greenv See So By
«fc
See Hock Val
Conn <fc Term See N &
Conn
Pas Bivs 1st g 4s. 1943
Col
Col
llock Val
J-D
105
105
110VU6
1
*
128
128
104VNov'01
A-O
<-i-J
'
984 98
98
59
98 4
May'04
59
Apr
A-O
iio'
112VFeb'04
J-J
117
116
J-J
F-A
69
60
83 78 Sale
58
59
59
84
65
112V112ia
Feb'04
83=8
98 "a
95
116
116
2
39
63 14
89 >a
56
82
W
&
Dak&GtSo SeeCM&StP
alias & Waco See M K & T
Western 7s. ..1907
Del Lack
Morris & Essex 1st 7s... 19 14
A-O
111
128
129
<fe
guar7s
1st consol
99
100V102H!
Mar'04
128
J-J
J-J
A-O
99
944 Au<j'03
105 Jan '04
M-N 1044
1014102 4 102 J'ne'04
...tel936 Q-F
let gold 4s
*cl93e Q-F
Registered
ixi n*4 1154 115
Cln S<fc Clcon Istg5s..l928
120 J'ly'03
1914
C C C & I oonsol7s
1914
Consol sink fund 7s
General consol gold 6s. 1934
1934
Registered
1st prel 48.1940
Ind Bl A
1st
pf
Ind
6S...41938
<fe
O
Peo <fe East 1st cou 4s. ..1940
1990
Income 4s
CI Lor <fe Wh con 1st g5s.l933
Clev & .Marietta aeePenn KB
Clev <fc Mahon Val g 5s. ..1938
Clev & Pitts See Penn Co
194
Col Midland 1st g 4a
Colorado <fe Sou 1st g4s... 1929
1915
1915
2000
Begistered
lstref gugS'aS
V
.
112»8 Jan'04
112»8 1]2'%
127ial29i2
1 28 7e J'ne'04
140 Oct '98
128V133
1284
,
126V
130
1284
.
129*4 J'ne'04
114V
127
114 sgJ'ue'04
HlVliriKi
100V10l"a
109 78l09'8
103
107 *8
Warren 1st ret gu g 3 "as. 2000
Hud 1st Pa Div 7s. 1917
100VMay'04
1094 Feb'04
.
.
Feb'03
102
135
134
Del<fe
133*4 Mar'04
V
106V
106 V
104 V
139
188 V
1917
Alb <fc Sus 1st con gu 7s.l906
Registered
1906
Guar gold 6s
1906
Begistered
1906
Rens<& Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge See Pa BR
Denv & R ur 1st con g 4a. 1936
Consol gold 4 4s
1936
Improvement gold 5s... 1928
Rio Gr West 1st g 4s.. ..1939
Consol and col trust 4a 1949
Begistered
.
Utah Cent 1st gug 4s al917
Rio Gr So gu See Rio Gr So
& S West gen a f g 5s 1929 J-D
DeaMoi&FtD SeeCR<fcIP
Des M & Minn See
Des Moi Un Ry 1st g 6a.. 1917
Det M & Tol See L S M So
20
37 >4
105 VI 08
J'ne'04
J'ne'99
May'04
106
103
104
103
Apr '04
1004
.
974
Den
1
147VT'ne'02
V
88
133*4
143*4 Nov'02
.
100
106 4
129*4
Aug'01
149
106
122
104
103
Sale
V
100i<2
20
96*4 100 ia
106 s8 May'03
104 J'ne'04
97
97
88
89 4
97 Jan '02
103
12 94
82 83
May'04
24
24
106ia
97
89 »a
36
J-D
1995 J-D
1951 J-D
Gold 4b
Det Sou 1st g 4s
Ohio Sou Div 1st g 4s. ..1941
Dul<& Iron Range 1st 5s. .1937
Registered
1937
2d 6a
1916
Dul So Shore <fc Atl g 5s.. 1937
L-'aatof Minn
-Tjast Ten Va
SeeStPM&M
& Ga
MS
A-O
A-O
J-J
J-J
Elgin J ol & East 1st g 5s. 194 M-N
Elm Cort & No See Leh<fc iN i'
Erie lat ext gold 4s
1947 M-N
1919
1923
1920
1928
1st consol gold 7s
1920
1st consol g lund 7s
1920
Erie 1st cou g 4s prior.. 1996
Begistered
1996
j.8t coiihoI gen lieu g 48. .1996
Registered
1996
Penn
coll tr
100
99
924 934
35
40
66
111
69
....
99 4 May'04
92 4
93
38
664
38
66 >a
99ia
92ia
16
111*8 J'ne'04
111VU4V1U
94 14
38
45
66 h 84
109*4
Jan '04..
99!a
111
112^
1113s
See So Ri
2ttextgold5s
3d ext gold 4 4s
4th ext gold 5s
6th ext gold 4s
g 4s
1951
1144
115
.
M-S
M-K
A-O
1134
108V110
J-D
99
132 134
130 >s
MS
MS
J
J
J-J
J-J
J-J
FA
111*8
lOOVSale
115
20 113
J'ne'04
112*8 Apr'04
114
110
110
111 May'04
7
10l 8 J'ne'03
134
134
130 Aug'03
100 14
99*4
108V1H
114
112381124
Sale
92 Sale
124
104"8
86
S6»4
85*4 Feb'04
91*4
92
;
>t
1
<fe
1144
111
W let ref 68.1937
J-J
2d gold 4 4b
1937
General gold 6s
1940
Terminal 1st gold 5a. ..1943
Reg!
.000 each. ..1943
F-A
F-A
M-N
M-N
Mnl KKotN J lstgOs.1010 A vO
Wllkdfc Ea lstgugos.l'.llJ J-D
112
116
101
111
101)
May'04
May'04
102V...
103
J'ne'04
113 V....
113<9Jan'04
99
85
so
SHi^lOOi*
984 98 4
84
87 h
85*4
92
11
80*4
SS*4 934
125-4 125i4
116
1194
130 132
HI 113 4118*4
108
41084
1094111
100
lOlSg
1014104
113 4113 4
•
110
107
110*4 May'04
107 VTne'04
V
....
...,
1104111 88
1064109
i»lISCELl^VNEOUs>
(•mi nmi Electric Light
Bullalo lias 1st g 5s
1947
Oh G L
C Co See P G <fc C Co
Con Gas Co See P G <fe C Co
Detroit City Gang os
Det Gae Co cou 1st g 6a. ..1918
EdElIUHkn Sec K Co E A r
Kd E ill See N Y G <fe E L A
Ec| (i LN V 1st con g5s.. L982
Kq G d; Fuel See P G &
Gae& Eleo Berg Coo g 5a. 1949
Gen Elecliic del) g 34a. .1945
Gr Rap G L Co 1st g 6a.. .1911
64
Sale
J.J
97
98
105
64
6ft
100
11
64
65
M-S
111
97 4 Moy'04
106 J'ne*03
96
98
1
!o Oaa
ai g 6a.
Kings Co El L Ac 1' ft 5h.
Purchase money 6s...
11 uii.Hcin
(
.
Kd
l-.i
11
19 19
1
iiku 1st con g
.
98'
199'
1
-is ]:>.;:
Luc Gas L ot St List g 5s
Milwaukee Gas l 1st 4s. .1927
•
No price
100
K-A
FA
61
M
N
4 Oot
SS
90
107*4
106
i'05"
'01
90
Dec'00
105
A O
A-O
J-J
MN
1)9
121
944
107*, Salo
8'.)4
Friday; latest bid and asked this
1304
1204
94 »o
94 »h
107'h
107*.,
4 Apr '04
week. oDueJan
8!)
107
120
107
107
1034
102*4 108
1024J'ne'04
71
77
101*4
1034
88
90
974 397
1094 109'e
1074 1074 Apr'04
41 103
4109'e
107 4 1074
100 4100 4
Apr'04
115
116
102
100
103
103
944
94
1204
119 4
94
106", 106*4
12441244
118
87
119*4
106
106
984
Mar'02
1084
106
Mar'04
106 78
98 101
121
107
4 Dec '02
101
Feb'04
121
121
99*4 Sale
*
854
"93"
'99
93=8 ilay'04
101
*
80
93"
1024 Dec '03
102
W
934 954
Nov'00
106*4 Mar'04
1244 Apr'04
90 Nov'98
119 Nov'03
119*1 Mar'04
.
93
103 4
101
100
.
1951
1951
Registered
1951
Memph Div 1st g 4s... 1951
1931
St L Sou 1st gu g 4s
Ind Bl .fewest SeeCCC&StL
1935
Ind Dec<fe
1st g 5s
1935
l8tgnargold 5s
1950
IndLU<fe la 1st g 4s
Int& Great Nor 1st g 6s. .1919
1909
2d gold 5s
1921
3d gold 48
Iowa Central 1st gold 5s. .1938
1951
Refunding g 4s
Jefferson RR See Erie
102
101
Apr'04
93
1014 Oct
92 4.
106
121
Registered
1024104
Moy'04
Oct '01
102*4 May'04
101 Apr'04
1064 Mar'03
954 J'ne'04
.
Gold 34s
ibl4ibl4
'OS
123 May'99
85 4 Mar'04
110
82 4.
115
Mar'()3
104
102
103^
& Shaw 1st g 4s... 1932
Chic St L & N O g 5s.. .1951
115
1134 Mar'00
1014 Apr'114
994 Oct
105
N
904 974
944
105*4.
1053s
94
55
110
65
874
994
99 101
118-V121
97 100
99*.
70
110
86
Nov'03
110 's
85
71
63
71
Oct '00
1094112
85
89
68
714
A G R See L S M S
Kal
an & Midi See Tol <& O C
KCFtS&M See St L & S F
KC&MRcfeB SeeStL&SF
<fe
<fc
Kan C & Pacilic
Kan City Sou 1st
M
See
K&T
gold 3s.. 1950
71
Sale
1950
<fe
Ohio
See So
119V
112
1114112
1074
1074.
1074 May'04
107
109
108 4 May'04
105 Jan '04
113 58 J'ne'03
109 4 Oct '99
107 Jan '04
93 May'04
104*4 1084
105 105
1004.
100^ J'ne'04
ioovtoo%
116V
1164 J'ne'04
116
1164
.
1024.
114
110
109*4
96
.
.
.
.
107
92
107
93
100 4.
g5s.Zi.1931
/il931
1938
98
98
J'ne'04
98
100*4
Feb'04
Oct '00
101
1014
1004
101
100
101
110
192'.:
1932
1949
1931
1949
Is
Unified gold 4s
Debenture gold 5a
Guar ref gold 4e
Bklyn<fc Mont 1st g 6s. .1911
1911
let5s
110
111
1004
110
111)
110
10041004
105 4Mar'03
112
Nor ShB 1st con ggu5aol93i
Louisiana <fc Ark 1st g 5s. '927
Douiav & Nashv gen g 6a. 1930
Gold 5s
1937
Unified gold 4s
1940
Begistered
1940
Coll trust gold 5s
1931
6-20-yr col tr deed g 4 a. 1923
E H cfc Nash 1st g 6s. ...1919
106
....
101
1
and
964101
101
1004Apr'04
N V B<fcMBlatcong5sl93b
N Y<fc RB 1st g5s
1927
117
Saie
Mar'02
1124 Jan '02
1124Apr'02
101%J'ue'o4
117
117
1004101«8
12
1104Dec'03
101Vi01 7e 1014 101 78 149
11541174
IIII4
101 78
112
11
98<feSalo
112
101'b
98
102
2 101 41014
14 J'ne'04
109
1114
97*4
99 4 410 964 99 4
11141114
1114 J'ne'04
on Next Page.
t.leciric
Light
Mat Fuel Gas Co See Pcop Gas
Newark Cons Gas cong 5s 1948
NYGELH&Pg
68.. .1948
Purchase money 4a... 1949
111
110 41124
Feb'04
See Erie
1st consol gold 4s
General gold 4s
Ferry gold 44s
Ed El
11541194
1194 J'ne'04
1124 Apr'04
1124.
1104.
J 2d gold 5s
1941
North Ohio 1st gu « 5s. .1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 58.1997
Le5 Val N Y 1st gu g 4 4s. 1940
Begistered
1940
Leh V Ter By 1st gu g 5s. 1941
Begistered
1941
Leh V Coal Co 1st gu g 5s. 1933
Leh&N V 1st guar g 4s.. 1945
Begistered
1945
E1C&N 1st g 1st pfOs. 1914
1914
Gold guar 5s
Leh & Hud B See Cent of N J
Leh & Wilkes b See Cent ot N J
Leroy <fc Caney Val See M o P
Gold
3;;
By
Iake Erie& Wist g 5s. .1937
g
1st conv g
5s. .1910
1990
J
D
D
F
A
J
M
.1
2d guar gold 6s
1st cou gold 6s
Refunding gold 5s
.1
1084 Sale
1076a
94*4
1084
10 5-4 108*4
95
B
1044 105 '4 104 78
1044
J
119
117
101
95
90
102 4105 4
115'« 117
98
100
94 4 95
A
N
N
D
1904
1943 A
1947 M S
10841054
ChG-L€fcCkel8tgug5s 1937
J
D
Con G Co of Chlstgn g5s.'S6
H7 4 1204 Eq G <fc F Ch 1st gu g 6s. 1905 J J
91(38 94=8
Mu Fuel Gas 1st gu gos.1947 M N
100
10S<4 Syracuse Lighting lat g 58.'51 J 1)
87 4 90
Trenton G & El lat g 5s.. 1949 M ^
b Due Feb dDueApr eDue.Uuv ADue.i'br krtna
11
964
36 102
98
N Y <&
Nov'03
I
J-I)
107
High.
116
101
105*,
1114
NY&QE1 LtfeP l8t con g 6sl930 P
Rich Gas 1st g 5s
M
Peo Gas & C 1st gu g 6s. .1904 M
I
112
J'ne'02
100 l4 Apr'04
L 5 & Tex gold 4a. ...1953
1953
Registered
1950
Cairo Bridge gold 4a
LouisvilleDiv gold34a.l953
Registered
1958
Middle Divregos
1921
1951
St Louis Div gold 3s
Registered
1951
1951
Gold 34s
1951
Registered
Spring Div 1st g 34s. ..1951
Western Lines 1st g 4s. .1951
1923
Bellev & Car 1st 6s
lat consol gold 5a
I
1
112
Low
90
W
BONDS—Continued
cfc
F-A
1024 May'04
109 78 Sale
1999
Col<fe H V latest g 48.. 1948
Houat E &
Tex See So Pac
Houat&TesCen See So Pac Co
IUinois Central 1st g 4s. .1951
1951
Begiatered
1951
1st gold 348
1951
Registered
1951
Extended lstg34s
gold
sterling
1951
1st
3s
1952
CoU Trust gold 48
1952
Registered
Begistered
(>n*
A-O
m
J'ne'04
94 4 J'ne'04
105*4 Sale
N YN H& H
Long Isl'a— 1st con
a-,
<fc
ousatonic See
97 4 Sale
93
Hook Val 1st consol g 4 4s. 1999
131 V135i8 Long Dock
98VTan'04
86
115
114
N Y& Erielat7s..l916 J-D
125U 125^
& S W gold 6s
1908 J.J
Erie 1st gold 6s.. 198 M-N 118*8 Sale 117^ 118
Jeff BR 1st gag 6a
&1909 A-O 1084
106 Aug'02
Long Dock consol g 6s.. 932 A-O 133*3
132 Apr'04
RR 1st cur gu 6s. 1922 M-N 1164117 4 11714 II7I4
Coal
Dock
imp 1st onr 6a.. 1913 J-J 112*8 .... 113VNov'03
N Y Green L gu g 68.1940 M-N 108 .... 108VTan'04
Bull
Bull
Chlc&
NYSus.t
1024....
TalH<feHofl882l8t5s.l913 A-O
Georgia & Ala See Sea A Line
Ga Car & Nor -See Sea A Line
Georgia Paciiio See So Ry
Nor See So Pac Co
Gila
Gouv & Oswegat See N Y Cent
Grand Rap & Ind See Penn RR
Gray's Pt Term See St L S \V
Gt Nor—C B & Q coll tr 4s 1921
1921
Registered, h
Greenbrier Ry See Ches &, u
GiUI&SIlstref&tgSs 61952 J-J
Han. & St Jo See C B 4c Q
Knoxville
<fc
let lien g 4s. 1995
105
Kentucky Cent See L & N
Keok <fe Des Mo See C B I & P
Feb'01
111
Hiqh
120
Range
Sin ce
5 « January
1
105 Mar'98
103 4 104 s. 104
104
75
764 764
70>a
W
W&
Registered
CUNW M-N
Ask Low
105*4
Carb
N Y Lack& W 1st 6s.. .1921
1923
Construction 5s
Term & improve 4s
1923
Syr Bing<fc N Y 1st 7s. .1906
Det& MhcK
103
106
Last Sale
VG&
8
9934IOII4
98
98
99*4 J'ne'04
98 Feb '04
98
101
M-N
M-N
M-S
Week's
Range or
1204
i
3
lYice
Friday
June 24
Bid
1942
Mt Vernon 1st gold 6s. .1923
Bull Co Branch 1st g 5s. 1930
Ev<& Ind st con gu g 6s. .1926
L"<argo & So See Ch M <fe St P
r lint <fc Pere M See Pere W ar
Fla C & Penin See Sea Air Line
Fort St U D Co 1st g 443.1911
& Den C 1st g 6a.. ..1921
Ft
RioGr 1st g 4s... 1928
Ft
( 1 al Har & S A See So Pac Co
'
L
W
& Pitta See Penn Co
& T H 1st cons 68.1921
letgeneral gold os
J-D 1S141324 131 J'ne'(>4
93 Dec'oS
Cons 6s reduced to 3 48.1030 J-D
Feb '04
131
ChSt P<fc Minn lstg6a 1918 WIN L804
129% Mar'o.i
Nor Wisconsin 1st 6a.. .1930 J-.l 131»4
122*4
122*4
1224
StP& SCity 1st g 6a.. .191! A-O
76
76 Sale
754
Chicago Ter Trans g 4s... 194 7 J-J
Ill's
Ill's Apr'04
Chic<fe Westludgeng6s</19:;j
Clue &
Mich See Pere Marq
Cln S & C See OCCStL
Clearheld & Mah See B B <fe P
Clev Cin C & St L gen g 4s 1993
1939
Cairo Div 1st gold 4s
Cin
<fe M Div 1st g 48.1991
g4e..l990
col
tr
St L Div 1st
1990
Regist oreii
Spr & Col Div 1st g 4s. .1940
Val Div lstg4s... 1940
C I St L <t C consol 6s.. 1920
Erie
Evans
<fc
W
ChocO&Gnlf
STOCK EXCHANGE
Week Ending June 24
1
High So Low High
Ask Low
[Vol. lxxviii.
2
BONDS
Range
Price
Bid
—Continued—Page
1014
1014
122
104
.1
108
.1
103
110
4107
1034
1004102
100
100
1014 J'ne'04
10141014
101 J'ne'04
122 J'ue'04
103 Apr'04
HIS May'04
105 4 Mav't)4
101 Mar'04
105 Apr'04
101
103
118*4 124
109
A112 o
May'04
May'04
Mar'04
103
104
1064108
104 1064
101
105
101»t
105
Feb'01.
Duo Oct «DueDeo
s
Option eala
4
June
25, 1904. J
BONDS
STOCK EXCHANOE
5$
Week ending June 24
-•
A Nasliv— (Continued)
LCtn A Lex gold 4 4s... 1931
N A M lat gold 68.. ..1930
-
M-N
J-J
1030 J-J
2d Kohl 6a
Pensacola Div gold 6s.. .1920
1021
St L Div 1st gold Ci
1980 M.s
2d gold 3s
NOAM
MS
MS
Hender Bdgelst s g 6m. 198] M-S
J
Kentucky Cent gold is.. 1987
LA N <fe M & M 1 st g 4 4a 1945
t
.1
]oint4s.l952
Registered
Price
/•riday
Week's
Range
June 24
Sid
Loulav
N
1
Bond Record— Continued— Page
N. Y.
LA N-souih M
u
<
Last Sale
43
January
Cart
F-A
1910 A-0
Sink fund gold 6a
LA Jeff BdgeCogug4s..l945
LNAACh SeeC I A L
Mahon Coal See L S M S
M-B
119
114
115
115
112
122
91
ManSW
"914
1044
1034
18
10141044
1074
60
22
714
So
12
6
16 34
FA
MS
934J'ne
94
904 J'ly
,
May'00
105
See
lat gold 7a. .1927 J-D
Iowa Ex lat gold 7a
1909 J-D
Pacific Ex 1st gold 6a. ..1921 A-0
South West Ex lat g 78.1910 J-D
1st consol gold 5b
1934 M-N
1st and refund gold 4s. .1940 M-S
MiuuAStLgn SeeBCRAN
M St P A S S M con g 4 int gu '38
M A P 1st 5s stpd 4s int gn 1936
M S S M A A 1st g 4 int gu 1926
Minn Un See St P M AM
Mo Kan A Tex 1st g 48. ..1990
95\ 96
984 99
784 Sale
101
AG
W
AK
M
Mohawk A Mai
N
AH
M
M
See
YC
Monongahela Riv See B A O
Mont Cent See St P
A
Morgan's La A T See S P Co
Del
Morris A Essex See
L&
Nash Chat A St List 78.1913
1st consol gold 5a
1928
Jaaper Branch lat g 6a. .1023
l6t 6s. .1917
Branch lat 6a.... 1917
Nash Flor A She! See L N
Nat of Mex prior lien 4 4s. 1 926
1st consol 4a
1951
New
See
AU
See
Cent
Bdge
See Penn Co
New A Cin
E prior lieu k6s»1915
Y Bkln A Man Bell See L I
96
98
Apr'01
103
Nov'01
98%
85
974
,
M-S 1014
J-D
M-N 1074
M-N 120
M-S 1074 Sale
M-S
F-A 1074.
9334
F-A
J-J 101
103
F-A
964 100^
75 4 81
984 104«8
78=>4
10i»4
Mar'04
82
102 Jan '04
88 34 J'ne'04
110
110
102
1024
103 May'04
3
106 4 106 34
1204
1204
1074
107
108 J*ne'04
95
95
100 May'01
103 4 J'ne'04
115
113 34 May'04
1154.
1153s 115 34
109 34 Oct '03
91 Sale
90
91
93*4 Sale
924 94
.
.
1034
10941144
101
.
J-J
A-0
A-0
J-J
.
TAP
A
HAD
NYNH
M-N
M-N
M-S 101
J-J 1114.
84
91
J-D
J
89
11 14 Mar'04
NO AN
N
N YCent& H
Riv g 348.1997
Registered
1244...
120 ...
123 34
J'ne'04
121
Apr '04
93
J'ne*04
113
4May'04
4 90
May'04
S
934...
F-A *113 ....
87
97
92
91
91
123'<126 4
121 130
90
94
1134114
884
91
984Nov'03
....
j-j
A-0
1244
1134.
J-J
J-J
J-J
116
116
115
J-J
1034
A-O
.
.
.
.
77 4 Sale
120
1034 J'ne'04
100
246 73
774
1244
1104116
1004.
1004
.
.
.
.
101»4
11341134
.
120
.
23
108
1
*
774
96 34l01 34
98
994
100 1024
1004 1004
100 41004
100 1004
1004 Mar'04
99 Dec '02
99 34 May'04
9941014
994Nov'02
92»4
924
86
J'ne'04
90
904
121
139
Nov'i
Jan'o:;
J'ne'02
106>4 J'ne'04
.
1094112 4
'04
122
122
105 41064
1064Nov'00
MN
9(iV
67
J-D
M-N
M-N
A-O 1134.
A-O 116
964 May'04
904 974
.
.
'03
100
Sep
113
Apr'04
11U-V J'ne'04
1154
11541174
113 34
116 34ll6 34
Jan
113
'02
M-N
J-J
A-O
A-O
1044.
104 4
-J
Registered
1997 -J
General lien gold 3a
a2047 9-2
Regiatered
a2047 -F
St Paul-Dul Div g 4s. ...1996 -D
Regiatered
1996 J-D
Gt Nor
F-A
n
104 4Ai>r'ii4
I
10413
101
Mar'04
in
1014 Apr'04
101
10141014
Sep'
1034
1024
10041034
41
Dec '03
100
1124Apr'04
1274
4
1274
125
99°4 100
924 Sale
111
1004
130 Aug'03
127 Nov'03
127 Apr'04
98 34 100
1044
104 4
104
74
964
73 4
74
72% J'ne'04
Jan
974
'04
1224
1224 Mar'04
Salo
964100
92
934 364
1074J'lv'01
1044 Sale 1044
71 34
125 4129
2b
2
1004
119
132
1104
1124J'ly'(W
1124
111
994
1004
A-O 106
ia
99 s4 99 34
87 4 934
9941014
1014105
1044
101
70 4
74
684 724
974 974
12241224
J'ly'99
1054Apr'04
re
954100
84 4
1144
J-D
A-O
108
109
1144May'03
J-D
107 4.
107
A-O
M-N
1024.
1024 J'ne'04
J-D
1044
104
34 I02»4 104-4
101 101
1314Apr'03
#1992 M-S
gen g 6a. ...1923
Registered certitic'8..1923
St Paul A Dul 1st 6s. ...1931
2d 5s
1917
lat consul gold 4s
1968
Wash Cent 1st g4s
1948
Nor PacTerCo 1st g 6a.. 1933
Nor Ry Cal See So l'ac
Nor Wis See C St P
AO
Nor A Mont See
Cent
A
See C C C A St L
hio River RR 1st g 5s. 1936
General gold 6a
1937
Ore A Cal See So Pac Co
Ore RR A Nav See Uu Pao
Ore Short Line See Un Pac
Oswego A Home See N Y
O C ¥ A St P See C A N
1946
IJac Coast Co 1st g 5a
ac of Missouri See Mo Pac
Panama 1st s fund g44s..l917
Sink fund subsidy g 6a. .1910
Jan
122
127
M-8
NYANE
l8t7a
1905 J-J 1034
lat 6s
1905 J-J 1024.
N Y A North See N Y C A H
N Y O A W ret 1st g 4s..ffl992 M-S 1034 Sale
Regis $5,000 only
*1014
Nor Pac— Prior ben g 4a. .1997
23 1064 109 4
20 I05 4 1084
1
!h 100 34
98
98
100 34
1
121
10641084
964NoV03
May'04
85
1134May'04
111
1134
105
110
86
85
M
NY
W
1084J'ly'02
W
Penn Co—Ouar
994 J'ne'04
101 4 J'ne'04
1004 Apr '04
100 4 Mar'04
81
loo%
4
19:
1
See
Vvc'Oi
:,
1094 Apr '04
1961
1962
1st g4 4«.19-jl J-J
Regiatered
1921 J-J
Guar 3 HiS coll trust reg. 1937 M-S
Guar 3 4aooU tr ser B...194I
J'ne'04
92 34
91
337
91 Jan '03
100 4 J'ne'04
102 Mar'04
854 904
104
102
106 4
102
CI A Pgengng4488erA.'4'- J J
Series B
1942 A-O
Scries C 34s
1948 M-N
Series D 3 4s
1950 F-A
Erie A Pitts gug34s B.1940 J-J
Scries C
1910 J -J
NACBdgegengug44sl945 J-J
PCCASt Lgu44sA...1940 A-O
Series B guar
1942 A-0
Series C guar
1942 M-N
Series D 4s guar
1945 M-N
Series E 34 guar g
1949 F-A
Pitts Ft
WAC
1st 7s. ..1912 J-J
2d7s
3d 7s
Penn
RR
102
1094110
102 41024
Apr'O
1094
1094
10641084
109-V
108
105 34 108 May'04
914
102
904 95
924 Deo '08
9,V. h Mar'04
96%
1184
118 May'04
118
118
90
96
954 96
1932 A-O
Registered
.
1912 J-J
A1912 A-0
1st real est g 4s. 1923
Consul sterling g 6s
M-N
1084 Aug'03
113
112
94
95
9
Jan ill
Nov'OO
96
102
1
984 Api Ml
984 984
102
101
109
105
110 Mai i'l
116 4 Feb '01
101
101
92
120
119
90 4 J'ne'04
127 4 Oct '02
121 Mar'i'4
119 Apr'04
1074 Mar'o4
90
92
H21
121
119
May'04
90
\pr'OI
119
104
108
110
10941114
K0141014
4 Jan 'i>4
119
10441074
1906 J-J
Con currency 6e reg...»1905 Q-H
MISCELLANEOUS BONDS—Continued
on Next I'nue
Telegraph and Telephone
Coal and Iron
m
131
100
114
'4
108
99
98
J
.1
109
4
105
1004 99
a
Tr Co certif'8 gu g 348.1916 M-N
C St L A P 1st con g 58.193- A-O
MS
MS
Col C A I Dev Co gn g 5s. 1909
Col Fuel Co gen gold 6s... 19 19
Col F A I Co gen stg 5s. .1943
Convertible deb g 5s
1911
Trust Coctfs
GrRivCoal A C 1st g 6s. .1919
Jefl A Clear C A 1 1st g 5s. 1926
2d gold 5a
1926
Kan A H C A C 1st s f g5s.l951
Pleas Val Coal 1st g a t 5s. 1928
Roch A Pit C A I pur 5s. 1946
Tenn Coal gen 5s
1951
106
1004.
1044.
S
1
109 4
109
.
A-0
J
Low Higfk
.So
cl 'OS
1104.
1204.
Bat Cife.stiirlatgn g3s. 1989
Harlem g 34a. ..2000
Registered
2000
N V A North 1st g 5a.. .1927
R <fe O con 1st ext oh. h 922
Oswe <ft R 2d gu g 5s. ..el9
It WAOTRlst gu a 5a.l918
UticaA Blk Rlvgng4a.l922
N Y Chic & st L 1st g 48.1937
Registered
1937
OInd
124 4 J'ne'04
112 J'ne'04
113 Dec '99
113 4 J'ne'04
111 Dec'99
744
1997
97
J
of... 1884-1 904
101V
Registered
1884-1904 M-S 101
Regist deb 5a of. ..1880-1904
Debenture g 4s
1800-1905 J-D 100
Registered
1890-1905 J-D
994
Debt certs extg 4s
1005 M-N 100
Registered
M-N
1005
Lake Shore collg 3 48. ..1998 F-A
92 34 Sale
Registered
1998 F-A
91
92
Mich Cent coll g34s
1098 F-A
90 4 Sale
Registered
1998 F-A
Beech Creek 1st gu g 48.1936 J-J 10641064
Registered
1936 J-J 103%....
2d gu gold 5a
1936 J-J 110 ....
Beech Cr Ext lstg 34a 61951 A-0
Debenture 5s
latg34a
348
.StPANP
11141114
Feb'04
91
.
J-J
M-N
F-A
F-A
99
71 3<
*69*
104
103
Nov'OO
Mar'04
99
May'04
71 4 Apr
115 J'ne'02
107 May'97
102 4 Oct '03
'04
A-O
J-D
J-D
J-J
J-J
55
105
99
73
105 34
Am Telep A Tel coll tr 4 s
105
105
N YAN
1024.
1094.
91
108
108
102
Tenn Div 1st g 6s
al917 A-O
Birm Div latconaol 6s. .1917 J-J
Can C M Co 1st gn g 63. 1922 J-D
De Bar C A 1 Co gu g 68.1910 F-A
Va Iron Coal A C lat g 5a. 1949 M-S
WhLE A P C Co 1st g 5s. 1919 J-J
•No price Friday; Latest bid and
105 4 Sale
1054
91
Oct '00
71
32
aaked thia week,
J'ly'03
Apr'01
J'ne'04
Dec '03
105 4
J'ne'04
Jan
a
'00
Dae Jan
1939 J-J
4s. .2397
J Tel gen g 5a.. 1920
No Westn Teleg See West U 11
West Union col tr cur 5s. 1938
Fd and real est g 44s.-.l!'o"
Mut UnTel 8 fund 6s.. .1911
Northw Tel gu t 4 4s g..l934
M-N
J-J
Conun Cable Co lat g
96
h
102
M-N 105
J-J
109
.
109
M-N U)2<^
M-N 106
90
90
964 1004Apr'02
1004 Oct '00
y-J
Registered
954100
69
794 Erie T A T col tr g a f 5s. .1926
191s M-N 1094
MetT
A T lstsf g5a
70
73 4
Mm U11 Tel Co See Weatn U
1064Feb'02
105
1
L064Nov'01
1940 J-J
1940 J-J
CBAQcoUtr4a
94
.
J-J
J-J
sine*
January
1074.1'lv'oo
s
1981 M-S
N YA
91
NY
NJJuncRR
lat con8ol 6»
J L<fc 3 latg
16 lll 38ll6»4
W
McM 11W&A1
D
J
N Y A Put See N Y C A H
N Y A R B See Long Island
N Y 8 A W See Erie
80
82
N Y Tex AM See So Pac Co
102 102
Nor A South lat g5s
1941 M-N
86
88\ Norf A Weatgeng6s
1931 M-N
1004 111
Improvem't A extg Os.. 1934 F-A
99 1024
New River latg 6a
1932 A-O
100 103
N A W Ry lat con g 48.1996 A-O
106»4 109 4
Registered
1996 A-O
1184 1224
PocahC A C Joint 4a. .1941 J-D
3
104 107 4
CCATlstgug5a
1922 J-J
Scio V A N E 1st gu g 4s 1989 M-N
103 34 108
North Illinois See Chi A N W
North Ohio See L Erie A W
914 95
984
78
1004
Sale
884
MoK&E 1st gug 5a.. .1942 A-O no in
Sher sh A So l8t gu g 58.1943
Missouri Pacific 3d 7a
1906
1st consol gold 6s
1920
Trust gold 5s stamped. al917
Registered
ol917
1st coll gold 5s
1920
Cent Br Ry 1st gu g 48.1919
Lerov * C V A L 1st g 5s 1926
Pac R of Mo 1st ex g 48.1938
2d extended gold 5s... 1938
St L Ir M A Sgen con g 5sl931
Gen con stamp gtdg 5s 1931
Unified & ret gold 4a.. 1929
Riv
Div 1st g 4s.. 1933
Registered
1933
Verdi V I A
let g 5a. 1926
Mob<& Bum prior lien g 5a 1945
Mortgage gold 4s
1945
MobJ
C 1st conag 5a. 1953
Mob & Ohio new gold 6s.. 1927
let extension gold 6s..ftl927
General gold 48
1938
Montgom Div 1st g 5a.. 1947
St L A Cairo eoll g 4s.. el 030
Guaranteed g4s
1931
A O coll 4s See Southern
'02
1154
96i*
lange
5-°
Ask Low
High
"95" Aprv02
.
lstextgold 5s
St L Div 1st ret g 4s. ...2001 A-0
Dal A Wa lat gn g 5a. ..1940 M-N
Kan C A Pac 1st g 4s... 1990 F-A
M K ATofTlstgug58.1942
Jan
121
1154Sale 1154
874.
N Y A Greenw I.ake See Erie
N Y & Har -See N Y C A Hud
N Y Lack AW toDLAW
N Y L E A W See Erie
N Y A Long Br See Cent of N J
12041204 N Y A N E See N Y N H A H
New York New Hav A Hart—
113 1154
Honsatonic R con g 5a. .1937 M-N 1224
95 4 98
N H A Derby con g 5a. .1918 M-N
142 Dec '03
1124 Dec 'OS
120 4 Feb '04
142
1084
1184
1124
J.J
J-J
J-J
J-D
#1990 F-A
1944 M-N
2d eold4s
138
June 24
Hid
1991
W
96
91
()4
&NW
NW
Ch M A St P
A Mad
A North
Minn A St L
9 34
'01
See Erie
See Chic
See Cliic A
MilLSAW
Mil
Mil
91
13 4
J'ne'04
A-O
A-O
stamped guaranteed
1977 M S
Mex North lat gold 6s. ...1910 J-D
M lob Cent See N Y Cent
MidofNJ
644
12«8
64
14
I
6s
Registered
4s
Registered
i*09 34
624
J'ly
Week's
Range or
Last Sale
/Yittaii
lat
Coal lat 8
Mich Cent
1
10934 J'ne'04
64 4 Sale
12
13
J-J
K
Mahon C'l RR fat 6a..l934lj-J
PittaMcK'<fcYl8tgu6s.l9:tJ J-J
2d guar 0s
1934 J-J
MoKeeaA B V latKOs 1918 J-J
"984
Metropolitan El
T'ly
:
1
N
A BV
See
Y Cent
See Man Ry
Mex Cent consul gold 4a. .1911
let consol income g 3s.al939
2d consul income g 3s..al939
Equip A coll gold 5a
1917
2d series gold 5s
1919
Coll tr g 4 4* 1st Ser....l907
Mex Internat 1st con g 4a. 1977
McK'pt
10441044 1044
110
1
Debenture g 4s
Det .Mom ,t Toi lat 7a. 1906
Ka.v a- 1: BlatgnoSa.1938
116
116
116
<fi>
anhattan Rycon8ol4a.l990
Registered
1990
Metropol El let g 6s.. ..1908
Coloniz g 5a. ...1934 J-D
Ad
stered
115
115
115 Jan'nl
112 Apr '04
110 Mar*03
934J'ne'04
.
AN
.1
974 "994
,
106
98
1
1
122 Apr '04
744 75 J'ne'02
106 ...
113 Nov'99
994
9!»4J-ne 04
1074
107 4 J
924 933< 934
93 34
1124.
1144.
1
gn g4s...i;wi J-D
48.1940 J.J
QonrAOswelatgagfia 194!
D
Moh (t Mai 1st gu g4s..lH'.M MS
N Juno R fro lat 48... 1986 \f-Jk
S V a- i>u 1 Ht con gu g -is 1993 \ O
Nor* Mont lHtgng 5a.l91« A-"
West Shore 1st 4a gu...'j:;r,l J-J
Registered
2361 J-J
Laki
.Id 34s
1997 J-D
<fc
C.'learf Bit
lK'.-Sj.Mai'iiJ
1214...
.
'
7
1234 i26
1952
A 8 1st gu g 5s. ..1937
Pens A Atl 1st gu g 6b.. 1921
S & N Ala con gu g 5a. .1936
Flft
Price
<
'
'03
Mar'04
1224 Aug'03
125
1121a...
N. Y. STO( K E X
nee
1
Week BKDnro Juxb 24
High No Low High X Y Centcfc H R—(ContinueJan
Ask Lov>
108 4
107
126
fi
2587
3
BON DM
Kanye
or
.
Sale
J-J
Oct '99
109 34
1094
1054
J'ly'03
10« 34 J'ne'04
102 4 102 34
107
107
103 34 Apr'04
10941094
105
I0R8,
10141O14
4 107
100
lo7
10334
106
Manufacturing iV lnduatrial
1014108
Am Cot Oil ext 44s
1915 Q-F
974
79 Sale
10041054 Am Hide A L 1st sfg6s.. 1919 M-S
Am spirits Mfg 1st g6s..l91."> M-S
67 4 73
Am Thread 1st col tr 4a.. .1919 J-J 77 80
b Due Feb
e Due May oDuej'ne ADueJ'ly
p Dae Not
974
974
6
80
30
85 Muy'04
774J'ne'04
79
i
Option sale
95
70
82
74
994
814
88
78 4
3
—Concluded—Page
BONDS
BTOCK KXOIUNGE
Week Bnoins Jrxit24
N. Y.
it
;,'6D
Ask Low
104
114
106
Sale
.....
High.
Soutbern Pacco^
Aug'03
"io
97
Nov'97
2d gold 44s
Gen gold 4s
Waco & N
94 4 97
117
121
974 984 98
109
105 ....
120 ....
120
109
1004....
61921
1920
1939
1st consol gold 6a
Pt Huron Div lat g 68. 1939
SagTusA H lb.tgug4s.1931
Phila& Beading oons 78.1911
Pine Creek reg guar 8a.. .1932
Pitts Cin <Ss StL See Penn Co
Pitta Cleve & Tol 6'eeBdbO
See Peun Co
Pitts Ft
<fc Ch
1922
Pitts June 1st gold 0s
Pitts & L Erie 2d g 5s...ol928
....
1101*...,
1174.
1920
gulst g4s.l912
1907
No of Cal 1st gu gOs
Guaranteed gold 5s
1938
Ore & Cal 1st guar g 5s. 1927
8 A <& A Pass 1st gug 4s. 1943
So P of At gu 1st g 6s...cl909
1st guar g 6«
cl910
1906
S P of Cal 1st g 6a
1905
1st g 6s series B
let g 6a aeries C<fc D...1906
IstgGs series E& P.. .1912
1912
1st gold 6s
1937
1st con guar g 5s
Stamped
1905-.. 1937
N YT&Mex
10841084
May'00
&
Borne Wat & Og See N
Rutland 1st con g 44s
118
120
May'04
107»4
1104
Apr '02
1094H04
1194Apr'04
1194119 4
Nov'97
113
112
1164Mar'04
98
944 96
108
68
11541154
J'ly'97
114 4 May'04
101 210
04*8
110«fe
J'ne'04
36
95
1104
94"gl01
99
98
913s 95
1104110 78
634 634
63 4 Mar' 04
92 Mar'03
P
11441144
88
83
84 4 J'ne'04
84
844
S
M
103 «» Sale
127 128
1121*1124
1034 J'ne'04
1034 103 5e
127
1034105
103 4103"%
122 34 127
110 1124
96 4 May'04
100 Jan '04
82
82 4
Sale
119 4 Feb '04
1194
79 34 sale
794
79 *e
96 4
984
734 76
944
734
69
69
04=>4
Sale
Sale
1084.
134 4.
109
132
140
110
110»*
V
123
May'04
914 96*6
704 784
654 7434
107V1104
100
1174.
1164.
1144Mar'04
117 Jan '04
gu g 4s 1949
1024.
J.J
1133*
B
*68*e 69
*
1
1949 V
Mort guar gold 3 4s.. A:l 920 J
Registered
'Icl 929 J
Gal Hardfc S Alatg6s..l910 F
2d gold 7s
1905 J
Mex dfc Paclatg6a....l931 M
GUa VGdfcNlstgug58.1924 M
Houa E W T 1st g 6s. 19 U3 M
1st guar 6s red.
1933 M
69
974
974
924 934 93
104
133
136«8
Apr'97
11441144
117
117
<fe
1
gr g 4s. .1947 J.J
1947
1911
1911
Ore Ry & Nav con g 4s. 1946
Ore Short Line lstg 6s. .1922
let consol g 5s
1946
1927
4s & participating
Utab <fe Nor 1st 7s
190S
Gold 5s
1926
Unl N J RR & C Co See Pa RR
Central
Rio
Wes
>S'ee
Gr
Utah
101
103
io:-«
31 111
1164 110
Feb'04
108
1)8
110
94
113
Dec '03
110
94*8
964 964
964
62
10
923*
116
May'04
118
118
117
1134Apr'04
118
1184
964
934 96 4
1174
914 954
1174Apr'04
95
954
111 34 May'04
123 J'ne'04
122 May'04
1164 118 116 s8 J'lie'04
112VSale 112
1123g
86
92 Sep 'Oi
1054 Sale 10534 J'ne'04
1114
123 Feb '02
1084
112 Feb*03
116 Jan '03
1113a
1124
112
112
112
110 4 May'04
92
Dec
'03
93
il74 116
115
118
1134
1194
109 111 3*
118 34l22
120
114
112
123
116«fe
1123,
103 4106
6 110
113
11041124
10 11241164
J'ly'00
117
118
80
119
85
—
91
92
84
854
70 58 Sale
90
108 112
105 34 Sale
99 34 sale
J-D 101 4 sale
F-A 123%
J-J
F-A
J-J
J-J
110 May'04
116 4 J'ne'04
110 Mar'04
Sep
100
118
80
109
110
110
110
110
14 115
119
93
1124H64
'03
119
80
108
J'ne'04
1094
May'04
1064 1064 Mar'04
J-J
M-N
M-N
& North 6'ee Un Pacific
& Black B See N Y Cent
Val Ind & W 6'ee Mo P
Ver
irginia Mid See South By
Va & Soutbw't let gu 58.2003
1939
65
704 Wabasb 1st gold 6s
1939
2d gold 6s
96
994
Debenture series A
1939
924 93
Jan '04
116*4
96 34 Sale
1094
114 7a
111
106
93
92
101
106 4
1124116
May'04
May'04
Apr'04
May'04
111
106
91
86
81
68
J'ne'04
854
704
1104
854
71
111
106
93
92
854
723*
Apr'03
98
1064 112
105 34 232 100*4 105 *g
100*8 104
104 May'04
98 34
99 a4 825 944 1004
1 96 3* 984
98 4
98 4
40 9S4 102*8
101:4 102
122VT'ue'04
1204 124
"i
117
117
111 117
3
81
90=8 96=4
90
4
963s
112 Dec '03
112
J'ne'04
1064
1144 Apr'02
Utab
110
Deo '01
100
69
974
93
Sep '00
1024
1084 1064 Feb '02
105^ 105 34 J'ne'04
1054 Feb '04
1114May'03
106
108
105
102
106 34
10641054
104
117
1094 Sale
94
1939
Series B
1st lien equip s fdg 6a.. 1921
Det&Cb Ext lstg 6s. .1941
Des Moin Div 1st g 43.. 1939
OmDiv
lstg 34s
105
574
Sale
Sale
*100*e
1104
1941
102
102
Jan '03
WaehCent 6e#NorPac
Wash O
See Soutbern
WestN Y«fo Pa lstg 5s. .1937
<fc
10041004 1004
93 4 Sale
100«8 Sale
87
87 <a
108
102
lioi.
1074
106
105
100% 83
974101 <
87 4 934
3
93
148
1
-.
:
117
94
614 641
Jan
'04
10041044
1144118
1064 1093*
94
94
564 OS
102
102
10641104
Feb '04
81 4 May'04
91)
90
90
79*8
81=*
Mai'02
1.094 Mar'03
W
J-J
W
116V
Apr'04
116
924.
115
93
933g May'04
31
1094
1124
1114
110
91
Bale
91
Bale
40
116
933s
Mar'01
112 Dec '03
112 Apr'04
110 4 May'04
109 Apr'04
90
91
W
1034
1094
7
31
19
2
98
Gen gold 3-4s
1943 A-O
dl943 Nov
lnoome 5s
8534 8734
87 Jan '04
West No Car 6'ee South By
102 Apr'04
97 102
1004 10034 119 9741013a West Shore See N Y Cent
Va Cent & P 1st g 6s. .1911 J-J
99 4 Mar'03
864J'ne'04 "#6 84 "b 8*-i Wbeel'gcfc L E 1st g 5s... 1926 A-O
Wheel Div 1st gold 6s. .1928 J-J
Exten & Imp gold 5s... 1930 F-A
1104Feb'03
1949 a- s
10334 Apr'04
1st oonsol 4s
10041033,
Wilkes <fc East 6'ee Eric
107 J'ne'04
105V109
Wll & Sioux F See St P M <fe M
105 J'ne'04
105 108
Winona <fc St P See C & N
105 Dec '03
103 Nov'03
Wis Cent 50-yr 1st gen 4a. 1949 j-j
92»*
1044
117
109 4
94
56
110 4 J'ne'04
95
83
81
Tol& CbDiv lstg 4s.. .1941
1044
10-^
St Chas Bridge 1st g 68.1908
Warren See Del Lac & West
102
J
Begistered
dfc
1083*
101
116 4 J'ne'04
1154H54
1144Apr'04
1144H44
119 Feb '04
119 119
44 107 110
1084 109
Utica
M
ref
BR
Registered
Apr'02
Apr'04
128
135
115
.
110
Seaboard Air Line g 4s. ..1950
Coll tr refuud g 5s
1911
Car Cent 1st con g 4s.. .1949
Fla Cen d!s 1'en 1st g 6s. 1918
1st bind gr ext g 6s ... 1930
Consol gold 6a
1943
Ga & Ala Ry 1st con 5s ol945
Ga Cards No 1st gug 5s 1929
Seahdi Roa 1st 5s
1926
Bber Shr dfc So See
K dfc T
811 So Oca dfc G See Atl Coast L
Sod Bay dfc So 1st g 6s
1924 J.J
So Car & Ga See Southern
Bo Pac Co— Coll tr g 4 4s. .1905 J
Gold 4s (Cent Pac coll). fcl 949 J
Begistered
It 1949 i
Cent Pao 1st
W
let lien convert 4a
<fc
Wist gug 6s.. ..1941
M
Begistered
1344.
108
Feb '04
11140ct '0
103 Jan '04
Sale 1174
U8
1144....
g
Western Div 1st g 5s. ..1935 A-O 1114General gold 5s
1935 J-D 103 106
93 ....
Kan <fe
1st gu g 4s.... 1990 A-O
n Pac
102
1084
1014102
101
<&
103
102
MaT04
<fc
10941114 Ulster&Dellatcongoa 1928 J-D
M
A& N
2000 J-D
o2000 Mar
1931 JJ
J'ne'04
11 6 4 Apr '01
1074110
May'04
Oct '03
Apr'04
853*
108
'30 F-A
W Min
W N W let gu 581935
Tol
O O 1st 5s
J.J
Tol
108
J'ue'04
104 4 Sep '02
60-year gold 4s
1950 A-O
Tor Ham <fc Buff let g 4s. A1946 J-D
132
100
76
105
106
115 34
116 34
109
108 4 Sale
108
1224.
P&
1st gold 4s.. ..1917 J-J
TolStL&Wprlieng 343.1925 J.J
130
100
8534 200
1024
1044
1184
1094112
1234
1234
May'02
J'ne'04
109 4 May'04
102 May'04
106 May'01
104 Aug'03
1094.
1014.
103
CO
89
86
95
74
70
854
87
Falls & Nor 1st g 68.1939
Stat Isl By let gu g 448. .1943
Sunb & Lew See Penn BB
1st gold 5s
Jan '01
Jan '04
May'04
II434
N
2dgoldino6s
La Div B L Istg 5s
904 934
108
108
102
102
102
.
101
Conaol gold 4s
1932
Gray's Pt Ter 1st gug 6s 1947
St Paul & Dui See Nor Paciiic
8tPaulM<fe Man 2d 6s.. .1909
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4 'as.. 193
Begistered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s.... 1937
Begistered
1937
E Minn 1st div let g 5a.. 1908
Nor Div lstgold4s
1948
Minn Union 1st g 6s
1922
MontC 1st gug 6s
1937
Begistered.
1937
1st guar gold 5s
1937
WiR«fc S F 1st gold 6s. .1938
St P <fc Nor Pao See Nor Pac
St P <fc S'x City See C St P
&O
Salt LakeC 1st g af 6s.. .1913
BFePresde Pb 1st g 6s... 1942
dfc
<fe
112
113
106V107
100
1174..... 118
4s. ..1948
Jiiah,
J'ne'04
118
101
85 4 Sale
I0734
1083s
SyraBing&NY <Se«DL&W
'Pebo<fcN SeeM.K&T
96
964 A er A of St L 1st g 44s.. 1939 A-O 1104.
1894-1944 F-A 116V
1st con cold 5s
100 100
St L M Bge Ter gu g 5s. 1930 A-O 112
794 84
119 41194 Tex & N O -See So Pac Co
78
80 ?8 Tex & Pac E Div 1st g 63 ..1905 M-S 100 ....
127
11 24 J'ne'04
82
W
4s iuo bond Ctf8...pl989
A & A P .bee So Pao Co
F N P 1st sink f g 5s. 1919
Sav F West See Atl Coast L
Scioto Val & N E See Nor & W
L
Spok
1034
M
M
8
8
See
112
924M»V04
1064
943s 95 °b
W
& N Ala
110
112
136" lHO
121 121
94*8 Sale
General 5s
1936
Guar stamped
1936 M-N
1st cy gu 4s„ 1924
O&
West N C 1st con g 6s. .1914
M
High. A'o Loxo
Apr'04
112
112
Apr'04
May'01
112
95
116
. .
Ohio
2d g
g
January 1
Last sale
4 Feb '02
103
118
& Ga 1st g 5s. ... 1919
Virginia Mid ser C 6s. 1916
Series D 4-5s
1921
Series E 5s
1926
W
St L <fc Cairo See Mob &
St L & Iron Mount See
P
St L K C & N See Wabasb
Br 6'ee T BR A of StL
St Li
St L <fc S Fran 2d g 6s CI B 1906
2d gold 6s Class C
1900
General gold 6s
1931
General gold 6s
1931
St Life SI RRcon8g4s..'96
Southw Div 1st g 58. .1947
Refunding g 4s
1951
K C Ft S & con g 68..192B
C Ft S & Ry ref g 4s 1U36
KCifcM R&Blstgu 58.1929
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989
Bt L S
1st
Since
o
124*8 127
101
So Car
IO334 104
1014Nov'01
But-Canadlstgug4s...l949
Tus & H See Pere Marq
Sag
tJodsGr Isl 1st g 4s.. .1947
St Law & Adiron 1st g 5s. 1996
1996
2d gold 6s
K
Meek
Bicbcfe
10334 May'04
1941
Range
or
129 4
130
120
121
101
10634 107 4 107
P
1937
Coast 1st gu g4s
1905
1st 7a
Sabine Div let g 6s.. ..1912
1943
Con gold 5s
Southern— let con g 5a
1994
1994
Begistered
Mob & Oblo coll tr g 4s. .1938
Mem Div l#t g 44-6S...1996
1951
St Louis div 1st g 4s
1918
AlaOenB 1st g 6s
1948
Atl& Danvlstg4s
Atl<fe Yad 1st g guar 4s. 1949
1916
Col& Greenvlst6s
E T Va & Ga Div g 58.. 1930
Con 1st gold 5s
1956
E Ten reor lien g 5s
1938
1922
Ga Pac By let g 6s
Knox & Ohio let g 6s... 1925
Bicb & Dan con g 6a
1915
Deb 5s stamped
1927
Y Cent
112
95
101»4
Tex* N O
100 4
984 99
Bio Gr West See Den <fe Bio Gr
Bio Or Juno 1st gu g 5s... 1939
1940
Bio gr So 1st gold 4s
Guaranteed
1940
<fc
98
J'ue'04
120 Oct '01
112 4 Dec '02
10078 Sale
U&H
BR
12041234
98
119V
112»4
1997
1997
Registered
Jersey Cent coll g 4s.. .1951
Rensselaer <fc bar See
Rich ifc Dau 6ee South Ry
Blcli & Meek See Soutbern
See
10
98
8
AWNVCen
Keading Co geng 4s
May'04
SPaoofNMexl8tg6s..l911
Pitts McKees&Y
L E 1st g OS. ..1940
Pitta Sh
1943
1st consol gold 5s
Pitts
West See B O
Pitts Y <fc Ash 1st con 58.1927
&
int guar.. 1921
1st g Os '30
W& div
T 1st 78.1918
Morgan's La
1104Feb'04
137
W
&
113
110
Lxxvm.
Weelc'f
Range
Ask Low
Rid
(Continued)
let gold 6s
121
M 6s 1931
tridav
June 24
H<fcTClstg58intgu..l937
Conaol g 6s int guar. ..1912
*« L d> Nash
PereMarq— Chde W
Flint & P M g Os
Pitts
Low
iXv
108 4 Apr '04
1094
48.1944
964
102
High
Dec '03
.Price
STOCK EXCHANGE
Week Ending June 24
N. Y.
Since
112VMar'00
100
110
•100
& East Bee C C & St L
& Pek Uu 1st g 6e....l92i
Bocb &
January 1
1084
1st g 4a. ..1930
Can
Atl
<&
Last Sale
96 34
DKKR4
VSJ BR
June 24
10(54
GrBJc Iexlstgug44ai941
Bunds Lewis
Range
1134
Consol gold 5a
1019
Consul gold 4s
1943
Convertible g .; 4a.
1912
Alleg Val eon gu a 4a.. .1942
CI <& Mar 1st tu a 1 4s. .1936
B«i'lM ,1148 1 .'30
Pensacola
Weeks
Range or
Bid
Venn Kit—{ Continued)
[Vol.
4
1JONDS
Price
J-Yidav
4
3
Bond EeCOrQ
2588
Peo
Peo
—
.
'
1094114
11041104
82
109
86
109
914
914 25 884 914
91
MISCELLANEOUS BONDS—Concluded.
[HniinliirtiiriiiK
Bar
<V:
I
ikIumi
S Car Co 1st g 6a. .. 1942
Consol Tobacco 50-yr g 4s. 1951
BMlatered
1951
Distil SioCorconv 1st g 5s. '27
Disllllol AniiTcnlLtrgiV
111
Steel
Co deb 5s
n on -co
11
v
deben
1910
r>s
1918
lut Paper Co 1st con g 61.1918
Int St Pump lo.yr oonv. 6a '18
Knicker Ice<Chic) 1st g
Lackaw Steel 1st g 5s
L928
Nat Starch MfgOo lstg 6s 1020
Nat
Staroll
Stan Rope
Co
s
&T
f deb 5s.. 1936
1st g 6s. ..1940
10 li
Income gold 5s
US LeathCoBfdebg0s..l9i:i
U
I
fc
iHiscellaneoua
i-inl
&
S Steel Corpcoltr2d5s.<t'0;>
Registered
April 1963
No prloe
105
61 a4 Sale
01
Jan
'00
02
270
4
684 May'04
64 4 Sale
99
96
96
10741 OS
103 Sale
633*
99
99
92
ION
1014
06
Sep '03
JOS
103
66
Sale
Feb '03
08
07*e
4 67
40
Bale
14
1094
24
76 "u Sale
Friday; latest bid and asked,
2
1094
74 4
743s
6
...
loo'„
76 34
75 3j
Newu Ne Ship & D D 5s <21990 J-J
B2«a 98«a N YDock 50-yr lstg 4s.. 1951 F-A
87
90 4 St Joseph Stk Yds 1st 4 4s. 1980 J-J
054 60
St L Ter Oupples Stafn * Prop
47
Co lstg 44s 5-20 year.. 1917 J-D
14 44 S Yuba Wat Co con g 6s. .1923 J-J
7 107»*
j-j:,!)
<;s-',
3
683*
a Due Jan b Due Feb
c
88 4
1124 Sp Val Wat Works iat 68.1906 M-S 1014.
7*»»8 US Bed ifc Bef 1st sfg 6a.l931
100
10234
89 4 904
100 ....
. . . .
M.iOU
1024
90 4 J'ne'04
»
3
87 J'ne'04
66 34 May'04
40
38
IO2S4 Sale
Am SS Coot W Vag5s....l920
100 34 J'no'02
62 4MuV04
111 Mar'01
704 Mar'04
..
93
98
UQ
623*
M-N
102 614 084 B'kl'u FerryCol8tconsg58'4S F-A
624
Chic J & St Yard col g 5s. 1915 J-J 102 4---.
DetMib Mldgr inoomes..l911 A-O 80
82
Hoboken Life I gold 6s. ..1910 M-N
02
82
Mad Sq Garden 1st g 6s. .1919 M-N
8 1054108
70 97 103
Man Bch H <fc L geuo 4s.. 1940 M-N
-
Jan '99
Feb '04
53>*
67»4
Adams Ex col tr g4s
1948 M-S
Am Dk it Imp 6s See Cent N J
61
103
66»*
764*83"
Feb '02
50
90
91
108 Nov' 03
1134J'ly'00
79 Aug'03
79
Due Mar d Due Apr ADueJ'ly k Duo Aug
Due Oct p Due Nov
q
Due Deo
*
Option aalo
—
.
.
June
oi
Business at Stock Exchanges
TRANSACTIONS AT THE
DAILY.
Saturday
NEW YORK
77,131
240,927
199,746
208,474
219,480
229,344
Monday
Tuesday
Wednesday.
Thursday...
Friday
$7,428,600
23,623,700
19.3U9.650
20,105,900
20,867,400
22,39 _',6ji>
Sales at
Stock
Bonds
432,000
5 0,500
33,000
1,968,000
2,304,000
2,475.000
2,549,000
3,310,500
£13,448,000
Week ending June 24
O 8
Bonds
State
<tc
129,000
85,600
$385,000
January
1 to
$1,0(>0
$1,000
June 24
New York
Exchange
1903
1904
1904
1903
1,175,102
1,620,083
60,340,2>3
80,707,318
Stocks— N o. shares
*113,717,900 $134,698,900 $4,685,437,525 $7,575,747,500
Par value-
Bank
shares, par..
$32,800
$13,800
$1,000
385.000
13,418,000
$11,000
358,000
$335,450
$432,400
$703,750
349,600
332,601,200
;
BONDt*
Governinen bonds
t
BR. and mis. bonds
1,234,2110
9,709,500
297,613,000
Ask
Bid
Hudson Gas 100
6s 1925. .J-J
Co. .100
6a L915
11
Oa-s
65
28
30
F-A 4101
100
Indiiotriiil
and
.Miaerl
LOS
70
69
6s g 1949
See Stock Exch list
Indiana Nat ,fc 111 Gas—
1st 68 1908
M-N
42
46
indianapolis ;.ii stock 50
63
58
1st 6a 1920
M-N }10Ik
Jacksou u.is Co
50
81
5s g 1937
97 100
J
Kansas City Gas
100
12
16
A-O
97 k
U6s 1922
fll>aclede (las
100
LOO
^Preferred
loo
80 loo
Lafay'eGaslst 6a'2 1. M-N
63
68
LogAWabVl8t0s'25.J-D
60
64
Madison Gas 6s 19'.*'
1106 109
Newark Gas 6s 194l.'j.l
[86
Newark Consol Gas., loo 73
76
UCon giis 194*
s-l) 4106»4 107 »«
1
No Hudson L H A Pow—
5s 1938
A-O 4100
3
HO A IndCNalA 111 .100
Conn Storage Batteryibo
Com Tobac deb 7s 05A-()
CO
13
60
3 34
k
10
Fibre,pref.25
A En
a
»
U Amer Teleg
18
25
84 k
84*4
i
uond Matcb Co. 100
Dominion Secuntu
ic Boat
Preferred
15
38
70
100
:
100
Electric Lead Reduo'n.50
Preferred
50
ric Vehicle
loo
loo
Preferred
Electro-Pneum'ic Tran lo
1
r
12
100
^General Chemical ..100
« Preterred
100
Gold Hill Copper
1
Greene Consol Copper. It)
Hall Signal Co
491
100
k
Ck
42
50
07
14'8
18
3
.i
......
15"
20
92 k
80
15
1
A Cable 100
k
B9
Havana Commercial. 00
4
Ik
14
k
6
31
3
10
9
Steel
ferred
k
.T.)
k
I
62
1st 6s 1926
48
J-D
50
Pat A Pas Gas A Eleoioo
48
4100
Cong
1949.
...MS
5s
ioa
U
St Joseph Gas 5s 1937. J-J
91
96 Hi ELaokensaokMeariowalOO
91
StPaulGae Gen 5s'44M-S
93 k Hackensack Water Co—
Syracuse Gas 5s 1946.J-J 4 96k 97 k
Ref g 48 62 op 12... J -J
Telem* «& Telephone
102 k
5
4k
100
ion
Empire
102
8
lk
11
101k
(J
ui'
HCrueible Steel
UPreterred
Cuban t's of 1896
66
17
67
4
10
,
Oil<J
k
k
IJCous Flrew'ka coia .100
Bferred
100
Cons Ry l.t^fcRefrlg.100
Consol Rubber Tire. .100
Debenture 4s
Cotton
Ask
Bid
Compressed Air Co. ..100
OonsoUd car Heating 100
Grand Rapids Gas
Hudson Co
$845,500
1,175,102 $113,717,900
Total
.fc
Warne
Fort
'
Bonds
Par value
.Shares
...
Bailroad
2589
tin* Securirle«
Essex
n
STOCK EXCHANGE
WEEKLY AND YEARLY
Stocks
Week ending
June 24
iyo4
N
THE CHRONICLE.
25, 1904.]
Volume
—
—
87
90
15
35
Preferred
LOO
Bell Teleph of B 11 Halo 100
97 k 100
Havana Tobacco Co.. 100
Preferred
36
BOSTON
100
40
PHILADELPHIA 'JCentral A So Amer .100 103 105
DAILY TRANSACTIONS AT
42
CheaA Poto Teleph. .100 35
Hecker-Jones-Jcw'l Mill
5s 1909-29
1st 6s L922
M-s 101 103
J-J 1043< 106 k
^Commercial Cable ..100 175 200
Herriu ^r. 1 a M ar v 11 1 00
1
3
Boston
Philadelphia
30
Commer Un Tel (N Y).26 116
1st preferred
40
100
Week ending
Emp A Bay State Tel 100 78 82
2d preferred
3
6
100
June 24
47
52
Bond
Franklin
Hoboken Land A linplOO 20O
IMted
Unlieted
100
Listed Unlisted
Bond
1904
121
118
sales
HGoldA
Stock
4102
IO5"
shares
shares
shares
100
116s
1910
shares
sales
Houston Oil
3
4
H4ks, 1905
100
90
Preferred
17
80
19
100
$9,000
2,330
2,641
982
8,910
$55,300 Hudson RlverTelephlOO
90
145k Hudson Realty
100
J Teleph... loO 145
23,700
7,393
8,435
4.883
16,304
57,900 1;N
5s 1920 See Stock Ex chang e list I lUeriial'lRankingColOO 138
142
25,000
4,669
10,906
92,900
37,332
5,883
123
^Northwestern
Int'n'l
Teleg.
Merc
Marine.
50
100
3k 4
44,000
4,596
8.261
6,312
71,300
25,005
Wednesday .
82
16
Preferred
25
18
100
12,119
5,685
19,000
24,073
8,131
59,000 Paoiflo A Atlantic
Thursilay
103
Col trdeblkl922op'07
60
75
88,000
7,587
3,696
6,478
103,100 ^Southern A Atlantic 25 100
13,398
Friday
9
International Salt. ...100
10
Electric Companies
44
1st g6sl951
45
49,949
32,669
28,269 $158,700
120,022
$399,500
Total
Chicago Edison Co. ..100 142 143
International Silver. 100
6
General Elec rights
33
100
5ks 5"is Preferied
1st 6s 1948
102
J]< 4100
JKlngsCo El LJcPCo 100 190 193
Narragan (Prov) El Co 50 »89
John B Stetson com. .100 150
47
130
Preferred
150
A Q El L APowColOO 44
loo
79
81
Preferred
Lanstou Monotype
9k 10
100
20
20
United Electric o£ N J100
Lawyers Mort Insur.100 160 170
A Weekly Review of Outside Market will be found on a preceding page.
00
66 k Lawyers' Title Ins. ..100 260 270
48 1949
J-D
1,1-orillard (P)pref ...100 115
Street Railways
Street Railways
Bid Ask
Ferry Companies
Bid Ask
Mackay Companies ..100 24
24 k
NSW YOKE COT
Lake St (Chic) El stk. 100
6
68
Preferred
70
3k 3k Brooklyn Ferry stocklOO
6\
100
1st 5s 1928
32
34
J-J 4
97
10
Bleeck St A Ful F stk 100
Madison Sq Garden., loo
20
BA
1st 6s 19U.J-J 105
lILouisv St5sl930..JAJ 4113
94
96
60
114
1Jlstmort48 1950 ..J-J
2d 6s 1919
Con 5s 1948 See Stock Exch list
M-.N
LynnA Bos 1st 6s '24. J-D 4112 114
N Y A E R Ferry stk. 100 70 75 Manhattan Transit 20 t Ik Ik
U B'y <S> 7th Ave stk . . 100 238k 244
107
NewOrl RysCo
100
90
7k
9k 10
Mex Nat Construe. pf 100
1st 6s 1922
M-N 4 89
T[2d mort 5s 1914 ...J-J 104
8k
Exch
list
Stock
Preferred
100
27
29
See
1943
5s
k
Con
N Y A Hob con 5s '40. J-D 105 107 Monongahela R Coal. .50
8k
J-J i 72
4ks 1952
74
22
Preferred
B'way Surf 1st 5s gu 1924 4108 110
Hob Fy 1st 5s 1946 M-N 4108 110
50 1 21
North Chio Str stock. 100
75
2d 5s mt as rental 1905 4 99 k 101
N Y A J 1st 5s 1946. J-J 102 103 Mosler Safe Co
100
102k
Pub Serv Corp of J100 95 100
310
60
40
14
16
10th A 23d Sts Ferry 100
fiCent'l Crosst'n stk..lOO 280
IINat Enam A Stamp 100
Tr Otfs 2% to 6% perpet 45k 47
95
91
78
82
1st mort 5s 1919. ..J-D
UPreterred
IJlstM 6s 1922 ...M-N 8117 121
100
North
stk.
100
204
209
Jersey
St
Ry
100
21
30
110
A
28
National
120
Surety
100
fiCenPkN
llUniou Ferry stock .100
1st 4s 1948
186
M-N 69
89
42
70
1,No\v Central Coal
44
VCur't'r A 10th St stk 100 180
1|l8t5sl920
M-N 88
90
Cons Trac of
J. ..100
67
88
104
Y Biscuit 6s 1911.
Col A 9th Ave 5s See Stock Exch list
N
Railroad
1st 6s 1933
J-D 105 k 106
N Y Mtge A Security. 100 115 125
Dry
New'k Pas Ry 6s '30J-J 5112 113
20
Chic Peo A St L pref.100
UNew York Dock ....100 16
H 1st gold 5s 1932. ..J-D 108k 110k
'05
40
....F-A
100
Or
A
New
1st
A-O
4100
102
45
6s
4
Deposited stock
B
llPreferred
101k
100
1 Scrip 5s 1914
102
405
Essex
Paa
6s
1906
M-N
10
5
st.
. . 100
390
Avenue
N
Y
Transportation...
Eighth
4101k
Undeposited
stock
9
20
4k
U
Rapid Tran St Ry..l00 250 260
1
109
Nor Am Linn'r«fcPulplOO
106
Prior lien g4ks'30M AS 4106
llScrip 6s 1914 ....F-A 105
2k
1st 5s 1921
91
405
A-O 4109 4.10
88
^Ontario Silver
Con mtg g 6s 1930.JAJ
100
3k 4k
fl42d A Gr St F'y stk. .100 390
28
28
17
19
31
J O Hob& PatersonlOO
24
Otis Elevator com
Income 5s 1930
100
42dSt
A StNAv.,100 50 75
M-N 69 k 70 k Ch R I A Pacts (w 1)
84
87
4s g 1919
9 92
Preferred
100
111st mort 6s 1910 .M-S 104*3 107
85
87
85
So J Gas El A Trao 100
87
Pittsburg Brewing
80
1|2d income 6s 1915 J-J
Erie con v4sApr 1 '53 AAO 4 S2
50 t 24k
98 k
Gug6s 1953
M-S 4 99 101
45 k
Preferred
Y Central deb 4s (w i). 4 98
60 t 46
Iriterborough Rap Tr. 100 119 34 120
14 34 15
No Hud Co Ry 6s' 14 J-J 12 115
Pittsburg Coal
Northern Pacific
100
Lex Av A Pav F 6s See Si k Exo list
100
J-J 110
HI
135
Preferred
6s 1928
When releasod
100
182
67k 58
Metropol Securities See Stk E x list
97
M-N 4104 104 k Northern Securities.. 100 99
Ext 5s 1924
99 k Pratt A Whitn nref..l00
Metropol street By See Stk E x list
2'
'31.
119
2
123
J-D
Really
Assoc
Pat
City
con
4122
124
stock.
100
192
6s
Reduced
k
(Uklyn)lOO
185
Ninth Avenue
36
Royal B&k Powd pref.100 102 103
2d 6s.. ..1914 opt A-O 4100
34
Pitts BessA L E
Second Avenue stocklOO 204 208
50
100 100 102
76
Russell A Erwin
63
Preferred
73
25 1 01
50
Hist mort 5s 1909 M-N 4102 "a 103 »a Rochester "iy
190
Safety Car Heat A LtlOO 1*3
PreferrM
100
98 k 100
ird Air Line—
Consoles 1948.... F-A 4112 112k
Seminole Mining...
t..Con 5s 1930 See Phila list
Oolllr5s'07op(wl)M-8
176
85 k 86
flSixth Avenue stock 100 172
30
J-D 101 102k South Pacific rights (w 1)
2d 5s 1933
%\ 3 k Simpson Crawford Co 100 25
Sou Boulev 5s 1945. .J-J 4102 106
"24
80
Deb
s
Os
Side
El
(Chic)
stk.
100
90
92
114
f
op
..A-O
So
Preterred
\\v
i)
116k
'05..
J-J
5s
1919.
108
k
loo
4105
k
So Fer 1st
35
Singer Mfg Co
Syracuse Bap Tr 5s 1946 4101
100 400
Va A South western.. 100 25
Third Avenue See Stock Exch list
6
Standard Milling Co. 100
7k
P A 5s 1928 100 106 U nit Rys (St L Trans) 100 13
13k
Tarry
Industrial and iHiscel
25
23
65
Preferred
Preferred
100
68
100
YkereStRR 5s 1946A-G 104 106
74
'90
75
100
Gen 4s 11134. ...See Stk Exon list
90
58
Alliance Realty
100
28th A 29th Sta 1st 5s
4110 113
9
Standard Oil of N J. .100 680 G32
UnitRysSanFran SeeStk Exch list
flAUis-Chalmers
100
HTwenty-Th'd St stk 100 390 400
28
32
15
^Preferred
42 k 43 k Standard Coupler oomlOO
J-J
Wash Ry A El Co.... 100 13
99
100
96
Deb 5s 1906
57
100
Preferred
Preferred
100 110 126
Union Ry 1st 5s 1942 F-A 109 111
66k 50k IJAmer Bank Note Co. 60 54
3
4
8torage Power
k
J-D
70 « 77
4
50
American Can com... 100
k
4s 1951
'4
Westchest 1st 5s '43 J-J 101 105
Swift A Co See Boston St k Exc h'ge
38 34 39
Preferred
UWest Chicago St ....100 46
loo
4100
101
90
1st
1910-1914.
...M-N
5s
...J-J
American Chicle Co. .100
85
UCon g 5s 1936.
4 70k 76
BROOKLYN
28
31
80
Tonnessee Copper
75
26
Preferred
100
75
90
American
Elevated
k IJTexas A Pacific Coal 100
k
Atlan Ave 5s 1909.. A-O 4100 101
Gas Securities
1st Os 190S
A.O 4105 110
AmMaltingOs 1914. J-D 100 102
A-O 108
...
Con 5s g 1931
430
410
NEW YORK
Title Guar A Trust. ..100
90
Amer Press Assoc'n.100 80
Impt 5s See Stock Exc list
140
20
Title Ins Cool N V.. 100 130
Amer Shipbuilding.. .100
E 5s 1933. .A-O 100
Cent Union Gas 1st 5s... 4107 109
BBA
7
Tonapah
(Nevada). 1
8k
list
81
86
k
Exo
h
Preferred
loo
k
Y)stk.
See
St
Con Gas (N
Brooklyn City stock... 10 231 233
8
11
4
TrentonPotterieaoomlOO
2
172
Am Soda Food com. .100
174
Deb 6s (wi)
Con 5s See Stock Exch list
78
82
To
100
Preferred new
63
1st preferred
1 00
Equit Gascon 5s 1932 See Stk E x list
Bkln Crosstn 5s 1908.J-J 101
75
14
Trow Directory new. .100 05
11
100
100 2'JO 310
2d preferred
Bkn Hgts 1st 5s 1941 A-O 105 106 HMutual Gas
3
7.
10
4
topper
Union
American Surety
New Amsterdam Gas
60
Bkln Q Co A Sub See Stk Exch list
Amer Tobacco coin... 50 250 500 Union Switch A Signal50 t 65
1st consol 5s 1948. -J-J 4106 k 107
Bklyn Rap 'Iran See Stk Exch list
105
Preferred
140
50
100 135
N Y G E L H AP See Stock Exch list
Coney Is. A Bklyn ..100 330 350
D Preferred
81
78
Am Typelo'rs com. ..100 25 30 Union TrpewT com. .100 107
1st cons g 4s 1948. -J-J 100
lOO^ N Y A East River Gas—
111
1st preferred
100
84
87
J-J 4111
Preferred
113
LOO
1st 5s 1944
BrkC
5s 1939.J-J 111
114
no
107
preferred
100
3d
2k
Amer Writing Paper. 100
J-J 4107
109
3k
Consol 6s 1945
Gr StANew 1st 5s '06 F-A 100
1
lk
Unit BoxboardA Pap. 100
11
12
Preferred
loo
Richmond Gas. 100
Gr'pt ALorlnier St 1st 6s 102
N
3
Ok 10k
100
75
Preferred
74
IJ
1927.
M-N
107
5s
1919
1st
5s
4104
j
k
Un
Kings Co. Elevated
Nor
2
100
2 k
20
U S Cotton Duck
10
UBarney
Car ...100
^Standard Gas com ..100 130 140
1st 4s 1949 See Stock Exch list
20
U S Envelope com. ..100
loo 110 118
^Preferred
100 155 170
Nassau Elec pre!
100
1j Preferred
75
65
68
100
Preferred
150
M-N 4110k 112 k Bliss Company com
50 130
1st 5s 1930
5s 1944
A-O 110 k 112
H
42
160
U 6 RealiyAliup(wi)HM)
Preferred
50 140
1st 4s 1951
See St k Exc h list
CITIES
OTHER
483
5s a 1 _ opl tw 11. .J-J
345
Mtg
Guar.
Bond
A
...100
N WVgAFlatl8tex4ks 100 102
5
Shipbuilding (wi)...
123
Borden's Cond Milk.. 100 121
61
Steinway 1st 6s 1922.J-J 4
115
Amer Light A Tract. 100 49
35
Preferred (v i>
Preferred
100 109 111
100
Preferred
91k 92 k
18
25
5 certifs
'4
Camden Laud
k
k
3 r
50
Bay State Gas
k
OTHER CITIES
Stk
E x list
Steel
new
113>*
5s
See
112
S
Corp
U
Celluloid Co
100
98
Binghamton Gas 5s 1938 4 96
f
Coltrsf 5s 51opt Ml
18
J106k L06»*
18
Cent Fireworks coiu.ioo
Buffalo Street Ry—
Brooklyn Union Gas deb
4106 '4 106k
5:.
Col tr s f 5s '5 1 not opt
60
Preferred
100
185
1st consol 5s 1931. .F-A {llUs 113k
6s 1909 conv '07. ..M-S 184
7
6
Ik Universal F'ire Ext'r. LOO
100
Ik
Central Foundry
4
5
Deb 6s 1917
Buffalo City Gas stocklOO
A.O 4105 107
lk
Universal Tobacco... 100
k
7
8
Preferred
100
Chicago City Ry stk. 100 175
1st 6s 1947 See Stock Exch list
2
4
Preferred
100
5J
50
Deb 6s 1919 op '01MY Stk Exch list
Chic UnionTracSeeSt'ck Exch list
Chicago Gas See
Westchester A Bronx
Century Realty
100 100 12 5
Cleveland Eleotr Ry.100
Cincinnati Gas A EleclOO 102 >, 103
69
72
150
Title A; Mort Guar Co.
Cnesebrough Mlg Co 100 410 430
100
J
Columbus (O) St Ry..l00
Consol Gas of
91
92
Westingb Air Brake. .50 127^
90
95
HClaMln(H B) lstpref 100
92
JJ 490
Preferred
1st 5s 1936
100 106 107
White Knob Mining. 10
6k
7k
90
95
preferred
100
Colum Ry con 5s See Ph ilalist
A Pow—
Consumers' L
Worthing Pump pref 100 116 117
90
uiniuon
B8
100
J-D 4101 102
Crosst'wn lst5s'33.J-D
os 1938
106k,'
05
80
Hock
1
100
Col
pf
A
CoalA
Grand Rapids Ry
50 f
100
6»
62k| IJDetroit City Gas
BO
J-J 4 85
1st g 5.- 1017
Preferred
Elizabeth Gas Lt Co. .100 200
87*2 90
100
div
xEx
•; seUs on Stock Exchange, but not a very active security.
rights.
Ex
Sale
price,
a
share,
4 Buyer pays accrued interest.
per
Price
1
t
Total bonds
$13,834,000
$9,720,500
THE
EXCHANGES
$299,279,600
$333,654,650
U
AND
1
1
1 •
1
YAN
NY
Outside Securities
I
NY
N
N
ER
N
DEB4B-
MS
M
a
N
.">
.
W
W
M
ll
Mm
,
1
II
AN
YA
Asm
.
1
1
N
N
H
1
•
'
'
.
1
.
4
1
1
9
'
BOSTON STOCK EXOHANGE-Stock
Record, Daily,
Share Prices—Not Per Centum Price*
Monday
Saturday
June 18
Tuesday
June 21
June SO
Wednesday
June 22
STOCKS
Friday
June 23
June 24
Range Jor Year
1904
Sales
BOSTON STOCK
J'hur.sdau
Weekly and Yearly
of
the
Range tor Prexioui
Year (1903)
Week
EXCHANGE
Shares
Lowest
Highest
Lowest
Itiulroml*
72i4
72
•94 34 95
241 241
241
151 151V; 151 151
*232
•232
•103
163 4i'63 4
•
169 •
169
•2974-...
•300
•137 139 •137 138
117ia
118 •
•182 ....
•182
•160 .... •160 ....
•280 .... •280 ....
•135 ....
•135 ....
*38ia 40
•384 40
•79
794
79% •79
71 34
H4 34
•
18
71
•7 '4
186
71 s
,
94 34
241
172
18
71
174 18
70
8i*
1861..
•225" 229
1984198V,
•77
•69
•30
80
71
334
8i«
I86I3
226" 229"
198i4l98i4
•77
80
69 4 69 34
30
•88
•62
88
•624 65
71
•74
186
>a
724 724
954
724 724
96
241
151
232
96
241
151
232
95
241
•1634
•168
172
242
1514
151
'232
-
1
300
298
•2974
140
138
137 4 139
•
1174 1174 1174 •1174 119
Last Sale
182
•182 ....
Last Sale
160
•160 ....
•280
'280
281 281
'136
137 137
136 136
40
394 394 •39
•384 40
3
79 4 •79
794
•79
79
79«fe
Last sale
Last Sale
194 19*4 20^
78 4
714 72
174 184 18=4
704 704 71
•74 84
74 7 34
74 8
18641864 1864186 4 1864 1864
Last Sale
229"""
225""'
'225""
30
90
•88
65
65
•873s 87 »8
924 92 34
•74
77
•694 71
•30
334
77
71
33>4
•88
91
109
91
•109
904 91
91
109
91
•109
•140
140
140
140
•134 14
•134 14
•134 144
73 4
44a 44 8
*4i4
4 34
19
19
•184 20
1264 12634 126 1al2634
125 4 126 k 126
129
129
»<
•104 10»4
754 76 34
•112
8
•6ia
1134
8>4
5 34
162
7 34
•5
4
904
91
109
734 734
734 734
44 44
•4
•184
19
19
1204 126^ 126
126 1264 1274
1284 1304 130
•7 4
5»b
235
5
4
234 34
74
8k
234 34
235
80
•4
4
10 34
11
5 34
235
•121
119
....
121
120
121
Miscellaneous
127
AmerSugarRefin....lO0
128k
Do pref
Amer Telep
6,422
•8
•80
•76
121
120
Last Sale 1Hz
Last Sale 14^
212 4212^ 212
•8
84 •8
•90
•1
534
49',
•8
•76
•90
80
95
1
1
64
64
14
6
504
'76
•90
•18ia
"9
•26
19
978
504
60
94
10
"9
•50
...... •35
•40
•50
•65
••40
174
14
61 34
•1 34
7
42
24
62
'.,
2
34«
•14
7
3iio
IS,
74
74
•34
"•34
•55
•50
-75
•12
13
•604---2",
25
• 1
4
804
•85
•1
*6 34
20
20 14
•9
9'6
•1 34
74
*34
2
7
'4
3
'4
94
43
24
•1 34
7
8
4
•55
•45
-85
•78
1
is
86
34
41k
44
•65
"to"
13 34
614
25
14
86
50
1>4
-
54
6
1
6
00
2
'34 50
•46
14
45
4
•4
4 62
26 k
25
60 4
4
Last Sale
Last Sale
••40
PullmanCo
100
Reece Button-Hole.. 10
Swift & Co
100
8
22 4
8
23 4
450
4
86
''if,'
i.;'.,
82 k
25 k
74
34a
Ik
74
34
"34
41
-4
'•60*"
13
62 4
14
1
•76
94
•25
9 34
20 k
94
••25
9 ,
1
14
4
5
47
60
111
111
l a4
2
7>
Ik
•7
S 1 39
"1 S)
l 3.
342
14
8
8
3 34
*34
4
•50
"34
3 34
•50
3 34
41
414
4k
4k
'50
•I.",
\>5
Last Sale
'.j
•41
•4
-76
1
1
13
62 k
134 134
6
62
25
1
_'.,
Ik
81
•
'-i
•1
64
6
1
«iid
93
•88
86
82
•75
•90
1
14
k
54
93
Last sale
a?
U S Leather
Do pref
U S Rubber
Do pref
S3
U
S Steel Corp
Do
pref
34 Feb
4
14 Adventure Con
25
25
6 34 Allouez
604 Amalgamated CopperlOO
Amer Gold Dredging
Am Zinc Lead & Sm. 2u
"•
Anaconda
Arcadian
Arnold
Tennessee
J'ne23
Apr25
1514J'nel8
240
Apr 23
169
171
301
146
Apr 23
Jan26
Jan 25
Jan 13
1244 Jan 19
1844Mayl()
162 4 Jan 4
285 J'nelO
141 Apr 7
40 May 2
80 May 2
Apr 26
34
34
l
34
34
34
4
Last
'
4
Sit
2
Jan 21 17 Not
804 Jan 27 75 Dec
14 Jan 11
84 Not
196 Jan 2 tl8S4Mav
I
Jan 16
2 4 Mar29
95 Feb 8 113 J'nel3
454Feb26 51 Mayl3
28 Jan 28 30 J'nelS
64Mayl2 8 Jan 23
77 Jan 16 79 34 Apr 22
104 Feb 6 17 4 May 5
40 4 Jan 6 68 Apr 29
S4Mayl3 124 Jan 2
2
514Mayl3
62
75
11
4 Apr
8
91
2
•50
6
4,328
39
""Jo
135
3,775
•05
d 14
790
170
J'ne
38 b'eb23
20 4 Apr 15
44 4J'ne24
30 107 Miu-31
14J'nel4
10
379
7 J'ne 2
5 7 'J
2,350
1,383
24 Marls
18 •62 4 Feb 15
64Muy21
2,594
Fob 25
360
3
•50
Marl4
10
595
34J'nelo
1,32'.
34 4 Feb 8
•50" J'ne 9
Fob
Jan
154J'ly
•75
Sep
Apr
Oct
Dec
Dee
J'ly
Feb
12
J'ly
54 Sep
Nov
Ma\
50
J'ne
"14 Apr 28
50
Muy'J.)
14 Apr &
l4J'ni-'l
2 4 Jau2u
54J'ne
1
6,835
9 4 Jan 18
123 85 MaySl 120 Jan l!i
J'ne.'O •35
Not
2
75
650
•'
OS
55
9^
•25
334 Oct
Mayl?>
1
80
Jan
Apr 18
Feb 9 144 Apr 2
1,553 53 Feb 8 62 4 Jau 6
1,438 So**- Feb
29 4 Feb 2
485
14 J'ne 1 3 Jan 2.'
292 80 Feb 25 100 Jan 5
•J.i-J
Dec
34 Jan
18
84 Mar
754 Mar
14 Feb
124 Mar
314 Feb
6 4 Feb
•95
Mar
144 Feb
39 4 Feb
•90
Mat
551 Mar
•10
Feb
314 Feb
94 J'ly
Jan 5 ;;5 .Xo-v 1 27 32 Jan
124 Apr 9 104 Sep 16 Mar
37 J'ly 75 Feb
47 4 Jan
36 Jau 2 31 Not 484 May
69 4 Oct 1314 Jan
72 Jan
113 Jau 22 106 Oct 1184 Feb
Oct
2
5
Mar
2 4 Jan 5
9i4Jan 9
7 J'ly 14
Feb
J'ly
34
5
Apr
29
Apr
44
4
3 Jan
2 Apr 8 •50 Dec
5 4 J'ly
174 Feb
9 4 Jan 25
3 J'ly 18
Feb
44 Jau 18
Dec
50
2 4 Jan
874 Jan 22
4 34 Dec 1 1 4 Feb
6 4 Jan 5
44 4 Apr 8 81 J'ly 53 Feb
200
2 4 Jan 19
5
100 •50 Feb 18 82
578
Jan
Feb
Feb
Jan
75
4 Apr
7i4"l9
"To
28
Oct 102
Oct 108
804 Oct 110
1
Apr 23 05 Apr 23
4 Feb 8 224 Apr 8
7 J an 6 10 May20
•24
7
74 Nov
71
67
Jan 13 25 Jan 13 •25
Fob 11
7
8 34 Jan 20
Mar 2 234 Jan 21 20
May 14 50 Mar23 40
400
Jan
470 Apr
7
19
95 4 May
J'ly
10 Nov
49 4 Not
Jan 18
25
Jan
Feb
Jan
Jan
2 34 Jan
5 Apr
111 Jan
53 Jan
31 4 Feb
154 Feb
184 Feb
574Jan
394 Feb
894 Jan
Jan •80 Mar
Oct
33
3
"162
Sep
7
9
Mar 8 t6 l8 i 8 J'ne23
43 Feb 8 53 Feb 2
•75
Mar21
Marl5
1
8 Feb23 114 Apr 6
102 154Feb24 194 Jan 12
Jan 23
150 •25 Feb 2
1
14J'ne22
Aug
714 Oct
83
85
100
<J3 3 i 8
Jan
38 4 Oct
27 Aug
•50
114
J'ly
1 34
Jan 14
Jan 25
Jan 21
Jan 21
Jan 15
2,286
8,848
Jan
Jan
237
10
132
J'ne 26 34
25
28
Oct
I
1
Mar
24 Jan
14 Jau
2 4 Feb
8
J'ly
23 4 Feb
79 Feb
34 Feb
24 Dec
74 Feb
.">
43kJ''y
16
Oct 1264 Feb
80
Nov
•75
1
J'ly
7
Deo
75
17
:1
4
4
3
Feb
Jan
144 Apr
Nov
l»ie
Feb
Feb
.Ian
33 34
Mar
J'ly
J'no22
'.,
:,
Mar
20
'_'.">
I
42
180
139
I
M\
Mar
Feb
1434 Feb
39 4 Jan
83 4 Jan
6
21
,.
1
1964 Mar
76
Feb23 127 Apr 16 121 Not
9 Apr
Marl4 4 Jan 28
10 Mar28 15 Mar 14
71 208 Marl5 2194 Jan 22 197 J'ly
64 Dec
5
6 4 Jan 19
84 Apr 14
245 ^994 Mar21 102 Jan 5 99 J'ly
179
210
110
Mar
Jan
Jan
170
286
1
1,447
Jan
Apr
Jan
Apr
154 Jan 13
•-.'.">
4
1
154
250
195
177
305
157
125
Feb
374 Feb
96 Jan
284 Apr
225 Jan
1634Apr 7 161 4 Deo 173 4 Mar
232 Apr 21 220 Sep 232 Mar
207 Apr 21 196 Aug 2124 Feb
804 Feb 1 74 J'ly 91 May
75 Jan 13 68 Sep 85 Jan
39 Jan 20 30 J'ly 71 Jan
7 J'ly 25 Jan
42 Feb 3 75 Jan 84 34 Jan
92 Jan 26 91 4 Oct 104 4 Jan
65 Jan 6
894 Apr 4 664 Aug 104 4 Jan
94 4 Apr 6 834 Oct 95 Jan
168 Apr 21 2162 Sep 178 Feb
93 Marl6 87 4 Aug 97 Feb
1134Apr26 108 Sep 116 Feb
174Feb26 15 4 Not 264 Jan
38 4 J'ly 52 Jan
145 Jan 7 144 Sep 150 Jan
175
24
"34 Maria 5 4 Jan B
I
Trinity
Mai'OI U uiteu lopper
6 Marl9
6 Mar 19
100
1
21
20
21
20
20
2 '4
204 21 'h 21
204
21
l' UltedStates Mining
26 8,764 18 Jan 4 22 Jan 2d
HI',.
ID
IOI4
10
lo>„
10
10
10
10 4
94
10
8 4 an
104May23
104
States Coal AOu 26 3,425
354
36 4
XJO'4
36 4
Jan 2 89*41 J'lii'2
30 k Utah Con (Gold)
5 38,178 30
"2
-'',
•214
24 34 •'j
24
2k
24
'm11
24
2
J
290
4 Apr 22
24 \ ictoria
4
26
•5 4
5'
6=>4
a
6 34
6 4
64
8
Feb 23
84 Winona
5
26 2,407
7 4 Jan 6
73
•714 72 k 72
73
73
73
73
73
73
73
11.
•71k
Wolverine
69 Jan 5 76 Mar 9
26
•50
76
-50
•75
••50
•50
•75
60
••50
76
7 5
Wyandot
60 •50 Feb 23
4
23
1 4 Jan
kBeforepay'torassoxs'tsraiimlin 1903. d Before pay'tof assess 1» called in 1904. • Bid and asked.
Newstock. f Ass t paid, tEx-rtghts.
34
544 Aug 894 Jan
1034 Jan
"624 Feb
85 Aug
244 J'ne
134 Aug
230 Aug
161 J'ne
170 J'ne
290 J'ly
133 Sep
110 Not
184 Not
160 Jan
270 Aug
131 J'ly
25 Oct
76 Dec
42 Mar
173 4 May
99 118
•50 Apr 12
West End Land
25
West Telep & Teleg.100 ""67 6 4 J'ne 3
Do pref
100
6 76 Marl4
764J'ne 7
Westing El & Mfg.. . 50
20 944 Mar 3
Do pref
50
Mining
95
J'iy"'oYt
360
443
144
168
520
866
90
75
100
6
100
100
100
100 6,545
100 5,116
(
'4
Ik
1>4
82
25
United Fruit
100
United Shoe Mach... 25
Do pref
25
J'ne'04
•50
Apr '04
747
1,152
& Mg.
U\
74
7",
264
81
14
-j
•50
Ik
86
54
204
20
Union Cop L'd
25
26
25
25
•8
84 Atlantic
25
22 34
23 4 Bingham Con Min<fcs 50
30
J'ne'04 Bonanza (Dev Co)... 10
450
450 Calumet & Hecla
25
05
Apr'O* Catalpa (Silver)
10
194
20 Centennial
26
94
9V Central Oil
36
••25
•27
Cons Mercur Gold...
Apr '04 Continental Zinc
25
43
43 4 Copper Range Con Col on
3
234
28 4 Daly- West
20
444
47 Dominion Coal
100
111
111
Do pref
100
*1 34
2
Elm River
12
7
7
Franklin
25
1
3
34a
32 Granby Consolidated. 10
14
14 Guanajuato Cousol.. 5
8
84 Isle Royale (Copper). 25
34
3 34 Mass Cousol
36
»
•50
Mayflower
25
34
Michigan
25
34
•41
414 Mohawk
25
4
4
Montana Coal A Coke 26
••45
•55
Montreal <& Boston.. 5
75
Uny'03 National
25
••50
•75
Old Colony
26
13 4
13V) Old Dominion
26
614
61k laoeola
26
25
25 k Parroti (Bilv<ft Oopp) 10
'14
Ik I'hd'iiix Cousol
26
82
82 Qulnoy
25
••75
1
Rhode Island
26
14
14 Santa BtyGoldA Cop) 10
54
10
64 Shannon
90
I'ainarack
90
25
IVriunsoli
26
••40
245
Torrington Class A.. 25
Do pref
25
Mar'04
May'04
S»34
•50
Last Sale
40 k
*1 34
80
•75
Last Sale
84
22
'27
24
62
80
64
494
50 J
28
Last Sale
43
43 4
8 434
23 34 234
23 4 23 k
•24
434
73
41
94
9
*1
6 34 615 1U
450
20
4:i> 4
34
14
4
ill
10
74
34
14
4
134
19 34
-27
4
•75"
21 34
Ik
1
Last Sale
19 34
3 34
41',
"•Bo"
18
"*'s"
455
404
3 34
8
••35
10
•40
•35
21",
455" '450
14
6°s
60 14
f
••35
62
•75
84
BO
24
53
1
14
1'.,
214
•24
434
7 34
4
82
84
"24
42 4
21
63
4
404 404
•4
44
•45
465
405**
4
•50
NE
120
J'ne'04 PlantComt'ststkcomlOO
May'04
Do pref
100
9
Last Sale 764
94 4 94 k •90
80
95
4
9
•80
.
14
64
50
•24
-25
42 14
24
64
14
64
10
18 k
••35
450
460
•14
5o«e
35
"VfiJ
84 "7$ 8
•204 214 20s4 214
••37ia •43
79
95
•8
9
80
77
90
.
•9 4
••40
•50
-8
'J
604
184
•40
*
9
804 804 80
•94 10
<fe
104 Amer Woolen
*99 34l004
'8
79
95
100
Teleg.100
100
Do pref
100
Boston Land
10
Cumberl Telep & Tel 100
Dominion Iron & St
East Boston Land
Edison Elec Ilium. ..100
General Electric
100
Mass'chusettsGasCoslOO
Do pref
100
Mergentnaler Lino. .100
Mexican Telephone.. 2
Telephone
lOu
130 34
754 April
96
251
9 Nov 26 Feb
Jan 23 66 4 Not 86 14 Feb
3 Sep
Mar31
7 Mar
17 Feb 27
Mar31 12 Sep 24 Mar
1224 Feb 24 131 4 Jan 26 1074 Oct 1344 Jan
1224Jan 5 129 4J'ne23 116 Aug 123 4 Deo
1194 Feb 19 1304 J'ne23 11440ct 1694 Feb
9 Feb 19 124 Jan 6
64 Oct 144 Feb
684 Jan 19 77 4J'ne24 65 Oct 794 Jan
34 J'ly 54 Jan
3 4 Mar 2 8
34 Feb 16
1124Janl5 1154 Aprlo 115 Oct 127 Jan
64Nov 62 4 Jan
74J'nel3 12 May 7
5 4 Oct
5 4 Jan 23
84 Jan
64 Apr 14
230 Feb 26 240 Jan 16 J23 Dec 310 Feb
al5l J'ne22 1784 Jan 22 138 Sep 204 Feb
374 Mario 434 Jan 5 30 J'ly 484 Feb
77 34 Marl4 82 4 Jan 5 744 J'ly 884 Feb
173 J'ne 2 180 Marl 2 1644 Aug 190 Feb
14 Oct
2 4 Jan
14 Apr 30 2 Jan 25
50 124Aprl4
150 71 Jan 5
175
150
4,630
214 214
213 214
212
2144 2I6
84 '8
84 84 •8
84
84
31004 1004 100 4100=8 100 34 100 34 101
101
•224--.
Last Sale 254 Aug'03
•224-...
•224.—
224....
Last Sale 28
Sep '03
•24 3
•24 3
Last Sale aha J'ne'04
-24 3
3
•21s
3
1064
106
104 4 106
105 4106
104 4
106 107 14 106
1054 105 k
4
49
•49
49
•49
48
484 •484
49
49 k
494 49
49
29i4
•29
29 4 294
294 29 4 294 294 29 4 294 29 4
94
64
6 34
3
794 79 s
Last Sale 174 May'04
Last Sale 364 J'ne'04
•9
94
94
9 34
94
94 94
94
9 34
94 94
104
644 56 4 554
554 564 554 564 554
64 Hi 54 Hi
664
*75
•60
•60
•75
•60
••60
-75
Last
Sale
75
60
J'ne'Oi
84
102
•8
102
pref
Amer Agricul Cheni.lOO
7314
Do pref
100
44 Amer Pneu Serv
50
Do pref
50
19k
774
774
77k
Last Sale 34
J'ne'04
Last Sale 114
May'04
8I4
•7 34
•74 84
•54 5 S4 •54
5 34
2364240
2394 239k
154
152
153
154k
40
•394
40
40
804 8U4 80
804
174i4l74i4 174 174
174 174
•1734176
175 175
174
•14 14 •14
•14 14
•14 14
14 14
14 14
121
Do
^
134 134 •134
734
•73
4
72 34 Atch Top
964
77
8
•5 4
64
91
10 34
11
77
1114
1114
8
90
•184 194 19
20
1274 12741284 126 34
1284 128 129 4 1284
1304 1304 1304 1304
764
764
76
44
•10 34
10 34
10 34
14
Last Sale
Last Sale
Last Sale
15141514 -1504152
151 162
•394 40
394 394 394 40
80 4 804
80
80
80
80
"39ia 40
80
1114.—
235
2S5
152
•
129 129
•10 4 10 34
7a J4 76
71
33
Last sale
Last Sale
Last Sale
874 874 874 87 34
923* 92 34 •92
92 4
Last Sale
92 k
734 734
201
•624 65
874
91
109
225
*70
•30
A
Santa FelOO 1,600 64 Marl 4
100
127 88 Jan
100
134 239 34 J'ne 7
242 k Boston <fe Albany
150
100 1,144 xl37 Feb 6
150 Boston Elevated
•232
230 Marll
Boston* Lowell
100
9 161 J'nelo
165
Boston & Maine
100
May'04
100
168
166 Apr 16
Do pref
7 295
Feb24
298
300 Boston & ProvldencelOO
230 136 J'nelo
138
140 ChioJuncRy&USYlOO
63 m64 J'nelo
118
119
100
Do pref
181
J'ne'04 Con<fc Mont Class 4.. 100
180 J'nel4
7604 Apr '04 Conn & Pass Riv pref 100
160 Apr 6
•281
1 276
Jan 26
285 Connecticut River... 100
•137
26 133 J'ne 6
Fitchburg pref
100
•39
50 244 Jan 2
40 Ga Ry & Electric
100
•79
43 73 Jan 27
100
794
Do pref
42
Mar'OS Houston El'trlo com. 100
172^ J'ne'04 Maine Central
170 J'ne 7
100
19 4
194 Mass Electric Cos
100 4,065 164 Feb 25
822 684 J'ne 6
73
73
Do pref
100
270
5 Apr 25
8
8 Mexican Central
100
1864 187 N
H & Hart.. ..100 683 1854May25
162
May'04 Northern N H
162 May2 7
100
225
12 ~~2 Jan 29
Norwich <fe Wor pref 100
201
214
201 Old Colony
198 J'nel3
100
78
75 Feb 16
J'ne'04 Pere Marquette
100
17 68 Marl7
70
70
Do pref
100
20 30 Mayll
Rutland
100
754"" Oot'03 Savannahpref
Eleo com.. 100
42
Feb '04 Seattle Electrio
40 Jan 15
1O0
90
67 87 4 May 2 5
90
Do pref
100
65
Jan '04 Terre Haute Eleo
65 Jan 6
100
874
884 Union Pacific
100 2,365 71 3sMarl4
92
17 864 Mar 1
92
Do pref
100
165
J'ne'04 Vermont & Mass
160 Mayl6
100
91
91
117 89 Jan 4
West End St
50
109
109
36 108 Jan 4
Do pref
50
Z74 Feb '04 Wisconsin Central. ..100
174Feb26
J'ly
'03
100
Do pref
4
145
Jan '04 Wore Nash <fe Roch..l00
145 Jan 7
724
•954
242 4
YN
Last Sale
89
89
90
62 4
225
201
229
1984 201
1984
198
•74
•69
•30
•9214
•73
167
Last Sale
874 87 k
934
•134 14
73
96
242 4
151 14
•298
189
87 34
•93
151
•232
•165
165
172
298
139
165
88
72 4
96
242
Highest
190
Dec
14 Fob
31 34 Jan
I64 J'ly
27 k Feb
17 Mar
44 J'ly
4
Dec
22 Jan
Ik Dec
8
334 May
9
Feb
4 J'ly tl4 34 Mar
61 J'ly 77 Mar
75 Oct
24 Mar
6
-
:i
aEx-dlv.<fc rights
5
[June 25, 1904.]
Jttxb 24
Price
Week's
fridav
June 24
Bangs or
Ask Low
Sale
97%
92 4 Sale
92 4
Nebraska 1st 7s. .1908
At ch Top & S Fe Ken g 4s. 1995
J'ly 1995
Adjustment g 4s
Atcli<fc
92
101
1004 I004
105
994 loo
984 Mm'IM
91% J'ne'04
98%
90%
loo
Mav'0-1
101
Apr'04
96
J'ne'04
108%
104
J'ne'04
1024 Apr'04
1114 May'02
1374 May'04
137 Feb '04
944
94%
137
137
to the
June 20
714 714
*7
•5%
714 71%
714 714
80
80
80
7
7
74
6%
.
63,
74
<
at
1
.. 1912 A-O
1912 A-O
8a.l926 A-O
4s.. 191
J-J
'.in ral roils
137
94%
90% 93%
purchase price for
all
714 714
804 804
74 74
80 4
8
13% 144
"5% 6
14% 14%
•5%
6
16
464
194 194
*2% 2%
46
45% 45 'e
19% 19%
16
71%
804
7%
"144
•5%
84
46
19
•8%
79%
38%
78
67 7 ia
57 u i«
8
6
•3*4 38
84
84
794
80*4
38
394
8%
29
79
39
46
19% 19%
8% 8i% 6
8%
:,
e
27
814
80
39
804
SO
39
38% 39
3%e 3%e
39 4
88% 38%
6%e
6
PHILADELPHIA
l
646 64n
ll% 12%
i
is
93
91
103
...
.
Boston Bonds.
•
No
Mu\'ol
lis
18
Mar'iH
13
106
Sale
Do
United
Ry &
Electric. 50
80
50% 504
83
844
51% 61%
84% 864
504 514
844 84%
Anier Iron & Steel
50
Bell Telephone
50
50
Cambria Iron
Central Coal & Coke.ioo
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 14
Diamond State
Ask
AmRysoonvSs
Atl City 1st 5s g '19. M-N
46
Balls Ter 1st 5s 1926. J-D
Berg&EBrw 1st 6s'21 J-J
Bethle Steel 6s 1998. Q-F
Che & D Can 1st 5s '16 J-J
Choc & Me 1st 5s 1949 J J
Ch Ok G gen 5s '19 J-J
Col St Ry 1st con 6s 1932
Con Trac of J 1st 5s. '33
5s 1920 M-N
1st
E
Peo Tr stk tr ctts
Elec
Elm Wil 1st 6s '10. J-J
&
N
.
Indianapolis Ry 48.1933
Interstate Rys—
F-A
3-3 4-4S 1943
Chem.60
Keystone Telephone ..50
Preferred
50
KeystoneWatchCase.100
N
Phila Co (Pitts) pref.. .50
Phil Oennan&Norris.50
Phila Traction
50
Railways General
10
Susqueh Iron <fe Steel. 5
Tidewater Steel
10
Preferred
10
United N J RR <fc 0.. 100
25
50
50
Steel. 10
"Warwick Iron &
West Jersey & SeaSh.50
Westmoreland Coal. ..50
<.
RRs
4s g
'14.Q-J
1914. Q-F
50 4
24
2
4
3
1014 102
72
44
150
97
76
44%
152
*
J-D
Annuity 6s
Leh V Trac 1st 4s '29. J-D
rects..
5s
Nat Asphalt
New Con Gas 5s 1948 J-D
100
1104
92 4
104
116
105
113
3 7«
814
813
50
107 4
102
53
140
91
974 NoPenn 1st 4s '36.. MN 110
M-s
Deben 6s 1905
"% Penn gen 6s r 1910.. Var 1134
Consol 6s c 1905. ..Var 1044
56
57
People's Tr tr certs 4s
PColst<fccoltr5s'49 M-S
Bid ana asked prices; no sales on this day.
||
Lowest
is
106
4
99%
1
col tr 4s '21. J-J
601
303
407
211
60^
Mar'02
Apr'o4
1034
J'ne'04
3
iu.i%
109%
ex-dividend.
".V50
0,511
1,619
L50
4,333
3,225
1,880
191
75
99
%
50
and asked.
latest bid
Bon.lt
Anacostla<fe Pot 5s
Ch 1st 7. ..1907 J-J
Atlan <; L RR4sl962M-S
Atl Coast L(Ct)ctfa 5s ,1-1)
4^
I
-J
HaltCPasslstos'll M..\
Bait Fundi Ba.1916 M-N
:".I-J
Excliam
I
tor Year
Bait Diy.-,s 1942 J-D
Convertible 5s. '06 M-N
Ci nt'l Etyoon5al932 -M-N
hxUfc Imp os. 1932
Ms
ChasCitvKvlst 5a '23 J J
t$15
paid.
*
71% 72%
102%
";,
102
10541054
101% 101%
03 4100 4
112% 112
.
ctfs.
Itange lor JTeotous
Year ( 1UUH j
Lowest
5
73% Apr 13
71
J'ne 2
7
J'ue'Jl
92 April
10 34Jan
57% Jan
.
21% Jan
18% J*ne21
6% J'ne
1
43
J'ne 3
7% Feb
10
27
02 4
33 4
:,
8
Jan 6
J'ne'22
Jan 14
Feb 26
•JO
8% Jan 20
8
22
J'nel8
Charl C &
2d 7s
Dec
10
4414,,
111
4
Oct 1164Jan
Aug 31 Mar
76
20
1st 58. .'22
J-D
GaCar<feNl8t5sg'2o.J.J
Georgia P 1st 6s... "22 J-J
AsFlalst58l945J.J
G-B-S Brew 3-4s 1951 Ms
2d income 5s 1951 M-N
KnoxvTracl8t58'os.\.i
LakeR El 1st gu5a'42M-S
90
45
70
4
1%
4
25
1st 5s.
Incomes
103% 109%
5
2
30
Norfolk St 1st 68 '44.. J-J
North Cent 4 4s 1925 A-O
1174 1184
1084 107 4
114
113
114
98
99
1174 118
1114
I
113
123
116
49
123 4
118
105%
I094 109 4
49%
194 20
101
liu
117
68
12
102
•
16
100
85
106
110
112 4
116 IIS
116
1
l"
n
vT(Pitta)6e'34 J-o
Sav BlaAWeat 5a '34 A-o
Seaboard A L 4s 960 A
A
south Bound
5s 19O0. J.J
1st os.
.A-O
ga'29M-N
L'n By A Ell si 4a '49 M-S
Income 4s 1949
J.D
Va Mid 1st 6a 1906.. M-8
lis 191 1... M-S
I
S
l'
lal
L921
.M-s
.M-s
1926. M-S
I2.J
1
.1
onddeui 2-8a 1991.J-J
N C eon 'is 1914 J-J
a CAP IstOg'llJJ
.
Wil
&
112
10«% 110
107
I
-
4th X
5th
119
119
i
1
I'.oan
4
lis
Trac 6a 1997 .J-J
Pi, to Val 1st 5a 1:1 11.. J -J
Pitt
4
113
105
102% 103
115
114
l.'i;
US
J-J
1904
-J
Seriea A 6a 1926
Series I! 5s 1926.. ..J-J
lis
115
100%
Ask
1124 1134
NptNcfeoP let6a'38M-N
General 5s.... 19 11 .MS
.
97
99
109 4 1104
9C 4
112 4 114
92
108
106
79
117
110
Mt Vet Cot Duck
220
85
/Ud
1910 A-O
1
165
Feb
27% Nov 40% J an
40% Sep 47% Feb
A ext 5s. '09 J -J
Sub
Deo
11
Nov 86 J'ly
64 Aug 79% Feb
344 Nov 45% Jan
4 Jan
14 Sep
55% Nov 78% Jan
35 Oct 47%
6 Aug
9 Jan
7% Dee 17% Jan
18% Nov 34»i 8 Jan
18
BUD! \Vas)lst 5s'48
Col&Grnv 1st 68.1916 J-J
Consol tias 6s. ..1910 J-D
5s
1989 J-D
Ga .fe Ala 1 st con 5s '45 J-J
1234
1014
40% -Jan
104 Jan
Deo
(
105
104
144 Jan
9*i«Jan
%
BALTI.UOU.L
Chas Ry G & El 5s '99 M-S
Citv.fe
,11 v <v-
112%
''an
-lau
7%6<-»Ct
28
64
45
9 4J'ne24
13% Feb 8
384 Feb 6
si %J'ne21
394 May 6
8 Jan 8 (15 4 Jan 21
19 4 Marl 4 244 a J'uel3
38 Mar 1 41 J'ue24
99% 100
28%
Oct
Oct
40% Dec 524 Jan
174 Nov 26% Jan
I
Ask
10% Dec
2
4,5 .Ian 25
% Mar 3
55% Marl
614 Jan 27
37%Mayl7 •13 Jan 22
May25 6%«Janl3
5
J'nelS
58 4 Dec 724Jan
81 4 Oct 118 Jan
464J'ne21
2
22
Highest
Lowest
Highest
I62J-J
Bait A r lal Sam I'll A-O
Bait Trac 1st 5s. .-_".• M-N
H Ex-righte.
94%
94
1004 113
Trust Co.
\
1U04
BALTIMORE
Refundin
100% 103
i(Wash)l8t58'J
Innrtivc Stocka
Atlanta <fc Charlotte. .100
Atlan Coast Line RB 100
Allan Coast L (Conn)lOO
100
Canton Co
Georgia Sou <fc Fla...l00
100
1st pref
100
2d prof
100
G-B-S Brewing
Mt Vernon Cot Duck
Unit Elec L & P pref. 60
lliilebi
92
103 4
Weekly, Yearly
Daily,
116
103 4
123
118
97
114
(if
92
100
112% Apr'04
Marl 4 33%J'nelC
2.7
45% Jan 2 51%Jn.J4
si
MaylO 89% Jan 22
8,682
lud gen 5s' 19. J -J
U Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930.J-D
Id
tls
HM%
1"141'M4
1204120%
99 4
s;.
Rochester Ry con 5s 1930
s R ESide 4s Interim ctfs
t
102
41044
104% 1044
102
18%May25 214 Jan 28
500
4 May 13 |34 J'nel7
l%Mayl3 5 4 Jan 26
10'J
AU&
103
92
268
1
M
4s g '47. A-O
of '82 4s '37. J .1
M
Terminal 5s g 1941 .Q-F
105%
1114
99 4 99^
Income 4s 1939... M-N
MN
'43
Ex Imp
P Wife B
Newark Pass con 5s 1930 114%
NY Ph & No 1st 4s '39 J J 102
Penn & Mil Steel con 6s.
Pa & N Y Can 7s '06. J -I)
A-O
Con 6a 1939
A-O
Con 4s 1939
49%
'17
Penn Steel 1st 5s
4
& E gen M 5 g "20. A-O
Gen M 4s a 19/0..A&O
Ph & Read 2d 5s '33. A-O
J-D
Con M 7s 1911
ConM 6s g 1911. ...J-D
P
Con
110 4
108
4
1014102 4
87 4 J'ly '01
Mange
Bid
Phil Elec gold trust ctfs.
Trust certifs 4s
1164
99
Co
50
50
60
60
50
50
loo
PHILADELPHIA
Ask
Bid
Consol osr 1919. ..Var
267
1st pref
2d pref
>ach
M-S 117%
J-D 120%
2d 7s 1910
Consol 6s 1923
Do
Do
...
51% 51% Union Tracton
84% 84% United Gaa impi
•20
Gen M 44a g. 1924. Q-F 107%
614 Leh V C 1st 6s g '33.. J J 1114
624 LehVext4s 1st 1948. J-D 110
.
Unit Pow & Trans
United Trac Pitts
Nav 44s
Lehigh
Lit Brothers
10
Little Schuylkill
60
Minehill & Schuyl II.. 50
Nesfpiehoning
60
Haven Iron & Steel.
North Pennsylvania.. 50
Penn Gas Coal
60
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
41
33
M
&A
&
109%
&
Eq II Gas-Llstg5s 1928
106
11 & B Top con 5s '25 A-O
Eastou Con Electric. .50
Elec Storage Batt
100
Preferred
100
German town Pass
60
Harrison Bros pref. . 100
Indianapolis St
100
Preferred
1910 A-O
1911. J-D
61
Steel...
<fe
41
32%
{(Hills
E ext 7s
Al Val
7 7i
Preferred
Sm Pow
PHILADELPHIA
.1
:
97
102
Oct '02
102
92
994
99
the
4,397
»4
12 4 Phila Rapid Transit
23423"ia Heading
7%
Week
100
60
loo
100
prel
7o4
16%
101
105% May'04
102% Apr'03
101% Apr'04
FA
Shares
Itnltimorc
71% Consolidated Gas
804 Northern Central
T\ Seaboard Air Line
4
]ls
'.'1
L02
102
1U2
Apr'04
102
J-J
J-J
J-J
SaLes
of
is
4
6%
94%Mar'o|
104% 1064
72 4 May'04
M-N
\
85%
.22
J'ne'03
Feb '03
102% Apr'04
MS
price Friday
I'M
4
lo7
steel Corp 10-60 yr5a.l963 M-N
West End Street iiv4s
1915 F-A
1914
Gold 44s
Gold debenture 4s
1916
Gold 48
1917
Western Teleph A Tel 58.1932
Wiaoonain Cent Istgen4sl948
Wisconsin Valley 1st 7s.. 1909
104
102
118
105
MS
MN
MS
1
81
104
Sale
101%
1014.
1
i
92
119
96
1
n
i.
103
Rutland 1st run gen 1 4a 1941 JJ
Rutland-Canadian 1st 4a 1949 J-J
at oona 6a. 962 J-J
Seattle El. o 1st g 68
1930 FA
TorrUurton 1st g 5s
1918
Union Pac RRJfc grg 48.1947 J-J
si lien con v Is
1911
U nited Fruit cniv gen 5s. 1911
9 4 Electric Co of America 10
9
leu \sphait interim ctfs..
Do prel interim ctfs..
27
*11
i
10
1
'
1
4 loi
1204 Apr'04
irrir sh Line 1st g 6a
1922 FA
Repub Valley latat 6a...l919 J-J
savannah Elec
'.•7
108
6% Mny'i'l
1906 J-J
1905
1st 7s
8a
50
794 80% Lehigh Coal & Nav
Valley
50
384 39
100
Maisden
Co
34e 3% e
5-146 53 Pennsylvania RR
50
67% 57% 57i3 10 58
39
39% Philadelp'a Co (Pittsb) 50
394
38% 38% 39
0% 6% Philadelphia Electric. 25
6% 6%
64 6%
'4
11% 124 •12 12 4
23 42313 10 23"i 6 23i3i6 23"ie 23%
414
40% 40% 40i% 6 40i%e *41
32% 32% 33% 33% *32% 33 4
Bid
Inactive Stocks
American Cement
10
*
II
128
100
128
Ma]
May'04
L064 Mar'03
101% May'04
1014 1014
104 4 J'ne'04
loi 4
1014
1204 Mar'('4
998
3,138
27
27
22
Inter
i
A-O
45% 45% American Railways.... 50
50
19 4 19% Cambria Steel
*2% 2% Consol Lake Superior. .100
100
pref
Do
8i% 8
29
57 Js57i% 6
57% 57%
384 384
*11% 12% *11% 12%
23 4 23%
23"'io 234
•40% 41
40% 40%
824 33 *32 4 33
50
50% 50% 50
83
83
82% 83
22
62
|
Stocks see below)
6
J 'Iie'i'
75 J'li.-'n.
104 Mar'uj
93 4 93 4
102 Jan '('I
102 Apr'04
(tor Bonds and Inactive
15
I
101
Jan
i
»88
4 Sale
J'ly
Exchanges— Stock Record,
Friday
June 24
.1
Mich Telep cona 6a tr reo. 1929 ft
Minne Gen Eleooon u 6s 1929 J-J
log Col Varn 6a
1929 FA
New
U 6s
1908 A-O
loo? A-O
6a
6a
1908 A-O
ACTIVE STOCKS
Thursday
June 23
'.'7
Philadelphia
46
45
19
19
•8%
74
•14% 154
434
19
Wednesday
June 22
80
80
1374
Centum Prices
714 714
.
15%.
Tuesday
June 21
1014
90
i:,
88
L04
107
7a.
La
1
108%
83
1924
4 Old Colony told 4s
Oreg Ry it Nav con g 4a. .1946
92
1004101»..
97
95
105 4109
104 104%
102 4103
Philadelphia and Baltimore Stock
Monday
in
lal
1054100%
934 J'ne'04
.Share Prices — Not 1'er
Hough A Out
LI
N Y A N Eng
12341244
95 s
Mam
Maim- Cei
con- lal
98«-
J'ne'04
95*8
101
8m
5a
4 Apr'oi
J'ne'04
125
123
100
Note— Buyer pays accrued interest in addition
Saturday
June 18
105
104
1064 Sale 106 4 106 Hi
109 4 Mar'02
1124 Jan "03
1933
tr 4s 1921
1921
gx 1st 7s. ..1905 J-J
Fl
96
98%
944
;
LB4
96
J'ne'04
188
100
100 V May'04
Ue'O
119
1194
94 4
81
Jan M4
'nl
M.ir'n-l
i
123%
137
137
Registered 4s
4100
lo:.%ino%
97
98 4
124% 126%
PremtElkAMoVl8t6s..l933
Unstamped 1st 6s
GtNor C BAQ coll
'.19
MN
MS
MS
1
Jlinh
I,ow
,V«
Jan
110
1>
.since
5 ° January
-s <
lli„h
96
Assented Income 6a
.V M KvA Ur 1st
\ O
Jo a
R 1st 7a.. 1907 J-J
i
"04
J'ne'04
106
110
1928
L934
1934
6a
2<1 001
984 97% J'ne'04
108
4s
81
105ia
97 4
125
1913
1906
1915
1927
Eastern 1st gold 6s
Fltchburg 4s
198
7S
1064 Dec '02
W 1st 4s... 1946
1st 6a
128
Apr'04
Jan '04
1004 Feb
92%
118
ioa
99 4
12
99
I
J'ue'04
105
100
'
Kan C
Boon A M
Kau (' M A II pn Is
KanC 81
;
1st 7a.. 1908 J.
Gull
.v.-
Kan C
117
i«»i
8
Ft
Ft
Jaii
80
100
1919
KanC
Mar'03
107
W
Dominion Coal
iid**ii6"
Feb '04
1174 Feb'03
80
93%
117
IsOW
debon 5s
1910 J-J
Non-oonvei-1 debcn as... 1918 A-O
4
101
87
100
123
1913
Debenture 5s
Denver Exten 4s
1922
1927
Nebraska Exten 4s
1921
B<fc S Wsf 4s
1949
Illinois Div 3 4s
Joint bonds See Gt Northern
Chic Jc Ry <fe Stk Yds 5s .1916
Coll trust refunding g4sl940
Ch Mil A St P Dub 1) 68.. 1920
Ch M & St P Wis V dw S81920
Chic & No Mich 1st gu 5s. 1931
Mich gen 5s. ...1921
Chic &
Concord & Mont cons 4s. .1920
ConnA Pass K 1st g 4s... 1943
1927
Current River 1st 5s
DetGrRap A
97%
93 4
'ii
Ask
\
1124 Jan '<>.;
112 4 Apr '04
101 Apr '04
99% Apt
112V
1909
2(178
Cent Vemit latg4a..Ma
Chic Burl <fe Q extend 4s. 1905
1919
Iowa Div 1st 5s
1st 4s
1014
O 127 4.
[a PallaA Bioux C let 7s.. 1917
Kan CClln A Bpr 1st 6a.. .1926 A-O
age
J:ange or
Last Sale
June 24
Illinois Steel
Feb '04
104% Apr '00
117
Feb '04
Jan '02
1
emh.no jcve 24
Bid
.
110
194
1905
Bost cfe Hon 3d issue 7s... 1904
34s.
1947
Boston Terminal 1st
1918
Bur & Mo Kiv ex 6s
19 18
Non-exempt 0s
1010
S liking luinl 4s
1917
Butte & Boston 1st 6s
.Mo
K
1st
78.1916
Cedar Kan .fe
1
UVelCs
Price
hridaxt
s
High Ho Low Jllah
98% 7 97% 98%
924 IS
94
101%
914
'u
Boston Elect Light 1st Cs.1908
1924
Consol 58
1907
Boston & Lowell 4s
Boston* Maine 44s
Improvement 4s
January
2591
BONDS
TOOK EXCH'GE
BOSTON
Week
113 4 Feb '0?
1014102
.
Jiangs
Since
o
S
Last Sale
Bid
98
Am Bell Telephone 4s 1908
Am Telep & Tel coll tr 4s. 1929
IowaDiv
)
Boston Bond RecorcL
BOND*
BOSTON STOCK EXCH'GE
Week Exddjo
2
1
Weld 5B..1935.J-J
"9*64
42
104
112
113
11
I
108
75
92%
43
112
!.-.
95
97
1164
4
112% ii?""
117
Reorganization certificates $3 assessment paid-
119
n
1
. .
.
4
..
.
THE CHRONICLE.
2592
[YOL. LXXVIU.
^mlxfmA Iwtjelligjence.
RAILROAD GROSS EARNINGS.
\twzstmmt
ixnA
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 1 to and including such latest weak or month.
The returns of tfte street railways are brought together separately on a subsequent page.
Latest Gross Earnings
ROADS
Current
Year
Week
or
Ala Gt Southern
Ala N O & Texas
<fcNoEaet
Ala <te Vloksb'g
Vioksb 8h & P.
Allegheny Vallej
Ann Arbor
Atoh Toi> & S Fe.
NO
Month
1
to Latest
Curr&it
Year
Previous
rear
$
54,226
62,183
2d wkJune
July
2,956,772
Date
182,115
91.102
97,208
May...
May...
Dec,
April...
2,607,582
194,369 2,236.689 2,106,530
87,767 1.194.405 1,053.616
109.582 1.328,026 1,179.546
Inc. 302,106
38.420
39.132 1,892,966 1,933,325
5,489.110 57.715.249 52,647,653
267,465 2,976,849 2,672,490
642,293
661,022
62,375
42,331
5,619,278
April
270,300
Atlanta* Ohar.. April....
60,233
Atl Kuoxv A No. May
61,147
Atlantic & Blr. a tlaroh...
1,759,071 1,687,276 16,958.049 16,156,934
Atl Coast Line.. t April
99,835
14,970
11,379
138.944
Bait <te Ann S L.. April....
5,242,966 5.721.869 53,689,182 57,633,340
Balttfe Ohio
May
177,240 169.053 1,708,659 1,483,620
Bangor & Aroosl April....
61,748
60,839
4,865
6,448
Bellefonte Cent'i May
41.129
2,841
3,057
37,291
Bridgt & Baco R. April....
161,588 7,259,479 7,217,735
Bull Booh & Pitt* 3d" wkJune 156,420
837,742
74,963
90,977
797,405
Buffalo &8usq... April
67,900
64,400 2,959,200 2,158,350
Canadian North. 2d wkJune
Canadian Paoltlc 2d wkJune 987,000 908,000 44.031,641 41,638,761
146,130 145.530 9,023,519 8,795,274
Cent'i of Georgia 2d wkJune
1,924.915 1,839,276 19.795.660 17,344,188
Cent' 1 of N Jersey May
1,460,659 1,349,578 13,775,430 12,847,305
Central Paoiflo. January
106,427
116,874
1,860
2,441
Chattan Squth'n. 2d wkJune
1,641,959 1,599,332 15,941,866 13,684,391
Chesap & Oiiio... April
783,172 802,009 9,626,757 8,485,432
Chio& Alton Ry. April
Chlo Gt Western 2d wkJune 144,792 137,426 7,817.099 7,354.863
ChioInd&L'v.. 2d wkJune 102,351
98,338 5,049,883 4.810,017
3.626,635 3,846,191 40.932,701 39,909,432
Chic Milw & St P April..
3,835,909 4,336,855 48,954,075 45,842,411
Chic & North
fl May...
& O May. ..
795,037 890,422 10,586,591 11,103,253
Chic St P
Tr
KB
Term
30,254
Chic
33,559 1,494,230 L.669.664
2d wkJune
Cln N O & T Pac. 2d wkJune 123,510 119,502 6,434,846 5,795,917
CI Cin Oh & StL. April..
1,637,537 1,633,624 17,255.326 16,545,068
Peoria & East'n April.. ._
252,945 251,208 2,535,000
392,853
Colorado <& South 2d wkJune 112,290 122,850 5,468,663 5,853.570
Col Newb & Lau. April..
14,243
16,035
196,037
164,900
Copper Range
43,463
314,045
37,014
421,474
April..
Cornwall
75,981
Apru..
5,578
9,625
61,810
Cornwall &Leb.. April..
21.305
201,707
202,257
22,949
Cuniberl'd Valley January...
149,750 125,193 1,291,195
842,194
Denv. <te Rio Gr. >
308,700
309,200
16.489,634
2d
wkJune
15,637,284
Kio Or. West. 5
Det <fe Mackinac. April
788.027
91,903
95,382
809,050
Detroit Southern. 2d wkJune
22,537
31,5d5 1,441,301 1,459,883
DulSoSh&Atl.. 2d wkJune
51,469
63,548 2,399,785 2,625,464
Erie
April
3,816,263 4.104,223 37,239,499 37,172.294
Evansv & TH... Ithwk Api
44,936
47,139 1,485,129 1,445,527
F'rohild&N'r'e'n April
3,384
3,205
33,711
30,126
Farmv & Powhat April
8,945
6,404
62,680
67,437
Denv City April
Ft
154,073 169,899 2,168,998 2,093,231
Georgia RR
April
170.900 171,302 2,090,171 1,976,751
Ga South & Fla.. May
127,087 131,806 1,556.936 1 ,494,723
GllaValGA; N.. January ..
29,078
30,920
179,385
235,533
Trunk
Gr
System 2d wkJune 712,605 701,796 32,524,027 31,767,111
GrTr. West'n. IstwkJune
88,288
91,286 4,995,069 4,729.296
DetGr H&M.. IstwkJune
25,160
22,853 1,162,164 1,119,944
Great Northern.. May
2,832,410 3,019.395 35,709,911 36,191.134
Montana Cent'i May
212,233 191,635 2,131,943 1,940,320
Total system. May
3,044,643 3,211,030 37,941,854 38,131,454
Gulf&ShipIslaml 2d wkJune
34,020
34,904 1,755,359 1,630,253
Hocking Valley.. 2d wkJune 125,896 176,004 5,450,242 5.722,830
Hous & Tex Cent January
418,280 460,339 3,461,608 3,358,251
W.Texas January
69,903
81,363
519,274
555,001
Hous&Shrevep't January
16,514
19,041
124,142
144,551
Illinois Central.. May
3,759,320 4,043,794 42,771,667 41,093,516
Illinois Southern May
22,439
11,463
228,905
136,009
Indlll& Iowa... April
128.349 136,886 1,316,191 1,457,179
Int &. Gt North' 2d wkJune
92,370
88,406 6,459,792 5,273,716
llnteroo(Mex)... WkJune 4 142,800 100,150 5,49O.la0 4,880,010
Iowa Central
2d wkJune
49,000
43,238 2,267.957 2,304,086
Kanawha & Mich 2d wkJune
29,403
30,036 1,561.700 1,177,286
Kan City South'n April
502,483 525,023 5,447,594 5,115,999
LakeErie&Westn May
408,534 441,432 4,673,634 4,442,291
Lehigh Val RR.. April
2,591,755 2,580.751 24,572,106 21,329,258
Lexing <Sc East'n. April.
42,620
49.646
454,276
517,008
Long Island
March.
Dec. 6,102
Inc. 305 ,855
Louisiana & Ark. April
65,322
43,729
573,802
419,795
Louisv Hen&St L March
672,340
608,436
LouiBV .\t Nash v. -d wkJune 675,200 68i",905 35,337,720 33,783,464
Macon & Birm... May
8.147
11,096
122,420
138,719
Man'teeJiOr. its April
7,303
10,514
71,901
118,560
3d wkJune
'"'
W
M
W&
,
H&E
VAiitlOlhS
ROADS
Gross Earnings
Allegliony Valley
Atlanta
Charl Air Line..
Atlantic* Birmingham a
Bellefonte Central
Ohloajuxfe North Wost.H...
Ohio St P Minn & Oiualia..
Cumberland Valley
International &GtNorth'n
Lake Erie & Western
Manistee A North Ea icru
&
Jan. 1 to Apr.
Mar. 1 to Apr.
Dec. 1 to Mar.
Jan. 1 to May
1 to May 31
Jan. 1 to May 3
Jan. 1 lo Jan. til
to June 14
Jan.
Jan. 1 to May 3
Jan. 1 to Apr. 80
Jan. 1 to May :>!
June
i
MauiMiquc
Maryland A Pennsylvania Mar.
Missouri Paoiflo
Central Branch
Total
.Inn.
(Me
ntral
Mexican International
I
...
31
31
1 to
1
Jan. 1
Jan. 1
Jan. 1
Jan. 1
May
to June
to June
to June
to Apr.
to Apr.
Decrease.
602,446
232,708
24,802
53.750,804
4,128,340
149,750
2,124,587
1,912.133
146,462
27.847
31
76,686
14
14
17,699,5*54
1
18,431,....
9,011.1 18
1
30
30
732,000
I
2,431,783
Week
Current
Year
or Month.
Juiy
1
to
Current
\ ear
Previous
Year
*
$
34,327
27,714
7.150
7,572
J
25,735
27,750
Mary I'd & Penn..
2,347,081 2,213,447
(Mexloan Cent'i. t April
597,9*24
638.5J8
Intern. April
i Mexican
WkJune 4 104,200 104,600
t Mexican Ry
21,169
20,070
( Mexican South' u IstwkJune
5,170
3,519
Mlllen & So'w'n. May
12,314
11,138
Mineral Range.. 2d wkJune
52,123
56,290
Mlnneap <te St L. 2d wkJune
StM. 2d wkJune 126,780 145,264
Mo Kan & Texas 2d wkJune 325,386 222,252
Mo Pac & Iron Mt 2d wkJune 676,000 565.00O
24,000
14,000
Central Branch 2d wkJune
Total
2d wkJune 700,000 579,000
9,353
6.211
Mob Jack &
WkJune 4
84,052
Mobile & Ohio... 2d wkJune 126,383
Nash Ch & 8t L 2d wkJune 204,993 182,011
206,152 206.052
iNat'l RR at Mex 2d wkJune
19,703
18.262
Nev-Gal-Oregon
1,901
3.484
Nevada Central.. April......
N Y & Hud Rlv May....... 6,369,999 6,712,479
584,303 553,950
N Y Ont & West. April
231,998 280.352
N Y Susq. & West fprU
1,909,651 1,956,406
Norfolk * West'n
898,602 362,602
Northern Central April
3,661,548 3,799,831
North'n Paolfic.
30,321
33,284
Nor Shore iCal) February..
16,692
16,414
Ohio Rlv& West. April
442.969 443.266
Paoiflo Coast Co April
Latest Date
Previous
Year
*
Mania <fe No East April
May
Manisttq^a
343,745
291,602
68,147
75,646
283,419
272,503
17,256,092 15.158.429
5,803,055 5,998,840
5,294,000 4,962,000
925.512
1,072,300
54,904
43.587
560,203
530,969
2.699,737 3.118,634
6,574,570 6,905.178
16,914,530 16,530,078
39,709, S3s 37,316,106
1,694,000 1,149,100
41,403,338 38,465,206
386,534
146,457
7,362,278 7,153,503
9,726,662 9,085,213
10,959,715 10,059,776
173,859
178,140
25,658
33,295
71,130,848 70,881,009
5,439,613 4,911,861
2,148,606 2,094,533
18,811,476 17,289,559
8,353,881 7.670,581
43,359,724 43,012,399
389,649
345,070
172,899
159,815
4,788,766 4,560.290
10363277 10767577 99,283,097 97.946,297
ePenn— EastP&E
Inc. 1.71 3,800
Dec. 17 8,400
eWestP&E.. April
Pere Marquette 3d wkJune 242,128 214,544 11,075,773 10,687.656
1,181,973 1,153,273 11,156.674 10,761,974
PhilaBalt&Wsh April
620,620 627,774 6,277,020 5,659,669
Phlla & Erie.
April
1,962,251 2,041,546 22,316,187 21,461,624
Plttsb O C & St L
46,202
3,874
Raleigh & C Fear
3,228,417 2,978,185 23,943,103 25,809,781
Reading Railway
4,450,207 2,861,155 28,877,327 17,146,068
Coal&IrOo... April
7,678,624 5,839,340 57,820.430 42,955,849
Total Both Cos April
159,927 138,102 1,176,756 1,038,648
Rich Fr'ksb & P April
450,496
435,599
39,129
46,135
Rio Grande Jot.
432,923
516,644
9,461
10,202
Rio Grande So.. IstwkJune
3,595,696 3,680,485 35,462,311 34,757,688
Rooklsl'dCo.... Maroh
93,955 122,207 1,115,968 1,187,148
St Jos&Grl.... April
2,986,257 2,693,261 27,610,407 24,114,054
Bt L& San Fran <7 March
St L Southwest
2d wkJune 129,722 118,115 7,360,540 6,990,818
227,967 206,011 2,301,537 2.195,130
St L Van & T H
121,847 116,292 1,231,961 1,172,687
San Fran
P.. May
Seaboard Air L.. 4th wk May 328,879 307.287 12,236,463 11,639,258
95,968
90,162 1,182,855
871,553
Southern Ind
So Paoltlc Co 6... April
.. 7,429,707 7,306.979 78,356,777 73,092,485
Central Pacific. January... 1,460,659 1,349,578 13,775,430 12.847,305
Gal Har & S A. January... 580,584 593,810 4,221,191 4,014.019
99,724
807,199
696,201
77,226
Gal Hous <te No January...
106,623
12,547
96,570
10,300
GulfWT&P.. January.
161,517 161,821 1,144,280 1,168,165
Louis' a West... January.
Morgan's L & T January .. 417,904 473,036 2,990,794 3,013,301
292,660
288,262
30,084
36,645
N Y T&Mex .. January ..
Oregon & Calif, January... 312,659 288.974 2,576,550 2,344,219
681,749
565,161
70,159
65,523
So Pac Coast.. January...
So Pac RRCo.. January .. 2,619,233 2,503,802 19.658,844 17,932,714
453,189
3,405,692
So PaoSd.Llnes January.
302,477 287,550 2,253,290 1,917.719
Tex&NOrl
January.
43,150.925
40.536,055
773,372
756,441
Southern Rallw'y 2d wkJune
167,577 160.762 1,909,998 1,733,542
Terre H & Ind
575,479
544,852
49,030
51,361
Terre H & Peor..
714,335
531,938
7,591
Texas Central . 2d wkJ une
8,425
Texas & Paolfic. 2d wkJune 154,775 184,703 11,525,405 11,176,298
144,684
139,500
14,600
10.900
Tex S V & N
.
73,003
88,200 3,364.640 3,195,087
Tol <fc Ohio Cent 2d wkJune
25.995
Tol P<& West .... 2d wkJune
23,141 1.249,995 1,177.226
32,900 3,151,879 2,975.275
TolStL<feW.... 2d wk June
60,708
465,622
19.269
579,264
Tor Ham <fc Buff tthwkMay
16,189
On Pac System April
4,159,027 4,092.305 46.110.092 41,645,952
46,250
557.355
556,726
Virginia & So
58,321
Wabash
3d wkJune 468,469 407,877 22,337,918 20.565.340
314,714 325,114 3,561,684 3.334,984
Jersey & Sea'e April
89.709
86.581 4,211,149 4.039,265
Wheel &
3a wkJune
153,222
12,357
13.692
138,776
Wm'sport&N.Br April
Wisconsin Cent.. 3d wkJune 133,700 144.00a 6,262,652 6,469,418
10.6.">7
io,40t;
151,302
154,457
Wrightsv & T'n.. April
Yazoo <fc Miss. V
583,799 625.941 7,305,919 6,763,305
M8tP&8
KO
&N
.
.
.
.
W
.
Wn
W
LE
FISCAL YEAIIS.
Current Year Previous Year
30
30
ROADS
Previous
Year
Pacific.
May....
Latest Gross Earnings
$76,177
565,359
"30',92'7
ROADS
Gross Earnings
(Mexican Railway
(Mexican Southern
Jan.
Jan.
(National RR of Mexico... Jan.
Northern Central
Jan.
North Shore
Mar.
ePenusy., East of P
E... Jan.
eWesto-l 1> <fc E
Jan.
49,842.779
&
4,600,932
125,193
2,296,076 Pere Marquette
w
1,981,718 Phila ISaltimoro & Wash..
130,242 Philadelphia & Erie
22,343 Pitts Cin Chic & St Louis..
78,832 RiO Grande Junction
17,643,362 St L Vandalia & Terre II ..
525.0(10 Terre Haute A Indianap ..
18,168, :(<;_: Terra Haute <fc Peoria
8,827,285 Tezaa <v- Paoiflo
,
2,560,394 West Jersey & Seashore.
.
1 to
1 to
June 4
June 7
1 to J une 1
1 to Apr. 30
1 to Feb. 29
1 to Apr. 30
1 to Apr. 30
Jan. 1 to June -'1
Jan. 1 to Apr. 30
Jan. 1 to Apr.
Jan. 1 to May IS
Dec. 1 to Mar. 31
Nov.
Nov.
Nov.
1
to
1 to
1 to
May 31
May 31
May 31
Jan. 1 to June 14
Jan. 1 to Apr. 30
[Current Year l*reoious Year
$2,625,700
544,957
5,863.078
3,083,827
832,652
30.811.979
Dccreitsc.
5,026,555
4.130 736
2,103,837
9,597.211
173,805
1,426.707
1,155,785
349,278
5,017,230
1,025,978
$2,401,600
452,177
5,083.818
3,306.327
538,435
33,702,879
261.400
5,006,743
4,216.536
2,254,896
9,741,282
170.965
1,390,898
1,094,483
339.730
5.158,008
1,018,878
t Results
on Monterey
Mexican Gulf are included for both periods.
currency.
trans-Missouri linei
i Mexican
11 Inoludes
Binoo Feb. 16, 1903.
b Includes the Hous. <fc Tex. Cent, and Its subsid. lines iu both years and for botu periods,
e Covers lines directly oper.(/Inoludes
the
Illinois
Chicago
A
Eastern
in
both
years.
I
Including
Sav. Flor.
West, and also Florida Southern and Sanford
5. ui" o *
& at. letersburgRys. in both years.
w Includes Lake Erie <te Det. Riv. Ry. from Jan. 1 both years,
a These figures are for the consolidated company, lnoludlng Tlfton Thosv. <b Gull and Tlftoa <Ss Northeastern.
.-.
i
&
—
)..
June
per onnt Increase in the aggregate over the
same week
last year.
2d week of June.
1904.
1903.
$
Alabama
Gt. Southern
A Plttsb'g
Buffalo Rooh.
Ohattarjooga Southern.
4
Loulsv..
Ohloago Term. Transfer.
Oln. N. O. A Texas Pac.
Oblo. Ind'plls
Colorado
A
Denver
A
Southern...
BJo Grande *
Dulntb So Shore
A
At..
Grand Trunk of Can...
Grand Trunk Weet ..
>
Det.Gd Hav. A Mllw.
Louisville
A
Mlohlgan...
Nashville..
Minn. A 8t. Louis
Minn. St. P. A S. Bte. M.
Mo. Kansas A Texas
Mo. Pacific A Iron M t. . .
Naahv. Chat. A St. Louis.
Rational RR. of Mexico.
St.
Lou Is Southwestern
.
Texas Central
Toledo A Ohio Central..
Toledo Peoria A Weat'n
.
Wabash
Wheeling
Increase.
8
64,226
37.291
161,588
64,400
908.000
145,530
Decrease
ft
ft
62,183
36,110
151,578
67.900
987.OO0
145,130
1.860
144.792
102,351
30,254
128.510
112.290
308.700
22.537
51,469
187.426
98.388
88.559
119.502
122,850
309.200
31.585
63.548
7,366
4,013
712,605
701,796
10,809
34,020
125,898
92,370
49,000
29,403
675,200
19,314
62,133
126,780
325,886
676.000
24,000
126.183
244,993
206,152
231,952
129,722
778.37S
8,425
154.775
73.003
25,995
60,708
453,031
91,379
116,000
34,904
176,004
88.406
43,233
30,036
681,905
11,138
56.290
145,264
222.252
565.000
14,000
84,052
182,011
206,052
214,526
118,11*
756,441
103,134
111,000
10.000
42,381
22,982
100
17,426
11,607
16,931
7.091
834
184,703
88.200
23.141
32.900
878,750
94,656
146,722
2,854
27,808
79,281
7,938,662
7,572,577
573,843
7,957
1,181
10,009
3.600
79.000
400
581
2,441
..
A Lake Erie...
— Gross
3.305
rear.
$
$
37,455
566,137
Texas Central. a. ...May
July 1 to May 3i ...
881
3,964
5,762
683
6,705
1,176
4,157
18,484
_
e
)
LnciaoMH Rio Grande Western.
Blv. RR. In both years.
t
3.V77
30,722
207,758
A
Detroit
over the same week last year.
week of June.
Previously rep*d 44rMe>
Ohio. Term. Transfer
1
lnterooeanlo (Mex.)
Total(49 roads)
Net decrease (3-42
IT
1904.
8
7.491,349
29.602
21.086
1903
Increase.
f
521,619
H142.P00
104,200
21,169
7,810,206
7,551,667
564,767
258.539
p. o.).
Figures are for week ending June
Decrease.
V
7,265,476
33.559
27,212
100,150
104,600
20,670
42,650
"
295,745
3,957
6,126
*
400
49 P
306,228
,
4.
Year.
—
,
Previous
Year.
Current
Year
Previous
Year.
Roads.
Atl'taAChar.A.L.aApr.
270,300
267,465
63,970
86,168
July 1 to Apr. 80.... 2.976,849 2,672,490 1,031,599
924,854
Bait. A Ohio Co. b May 5,242,9e6 5,721,869 1,479,648 2,236.895
July 1 to May 31... .59,689,182 57,633,340 19,580,526 21.49d,494
Buffalo Gas Co.
1P.278
May
12.790
Oot 1 to May 31
211,328
277,634
Oent.ofN. Jersey. b.May 1.924,915 1,839,276
840.436
709,609
July 1 to May 31. ...19,795,680 17,344.188 8,734,837 6,708,667
Chatt'n'ga Bonth.aMay
438
10,044
11,521
1,886
July 1 to May 31
102,660
112,271 def.4,411
9,685
Ohio. Ter.Transf.b. Apr.
40,673
63,555
122.783
146,081
July 1 to Apr. 30.... 1,305.462 1,453,878
414,163
598,945
Manistee & No. E.a.Apr.
2,106
3,388
34,327
27,714
Jan. 1 to Apr. 30....
56,316
45,833
146,462
130,242
Maryland A Penn.. May
6,173
8,793
27,750
25,735
2r;,475
Mar. 1 to May 31. .„.
20,045
76,686
78,832
Mexican Tel'phone Apr.
11,030
11,790
23,982
22,178
Mar. 1 to Apr. 3o....
21,346
23,543
45,338
47,537
Mlllen A Bouthw.a .May
687
1,065
3,519
5,170
July 1 to May 31...
12,185
18,290
54.904
43,587
Mo. Pac. System. b.Api. " 3,135,590 3,605,471
516,658 1,179,631
Jan. 1 to Apr. So... lo.836.554 13,801,362 3,393,431 4,421,347
Pitts.
500,317
488,746
St. L.aMay
1,962,251 2,041,546
Jan. lto May 81.... 9,597,211 9,741,282 1,908,678 2,249,198
14,803
SanFr.AK.Pao.aMay
25,612
116,292
121,847
232,839
277,599
July I to May 31. ._ 1,231,961 1.172,687
Southern Indlana.bApr.
45.402
46,076
106,034
88,392
472,943
405,295
July 1 to Apr. 30.... 1,086,897
781,391
CCA
$
—
Int., Ben '(lis, etc.
—Bai.ofNet Earn'gt.—,
Current
Current
Previous
Prenovt
Year.
Year.
Year.
Year.
Roads.
8
$
$
Oent. of N. Jersey.. May
248,349
186.922
U597.087 U522.687
July 1 to May 31
115807,829 H5183.037 2,927,008 1,522,630
Maryland A Pen n.. May
2,875
2,875
3.298
5,918
Mar. 1 to May 31...,
8,826
11,420
8,625
16.850
ean Fran. ANo.Pao. May
22,483
22,675
3,129 def.7,872
July 1 to May 81....
248,066
249,425 def.15,227
28,174
Texas Oentral
May
2,583
2,583
896
8.676
Jaly 1 to May 31...
28,414
28,354
154.533
128,166
U Inoluded In the fixed charges In this fiscal year are expenditures
for renewals, additions and Improvements amounting to $67,867 for
May and to $611,560 for the period from July 1 to May 31.
There were no oharges to thlB aooount the previous year.
Latest Gross Earnings
Week or Mo
Albany A Hudson .
American R'ys. Co.
fgj?
May..
May-.
Aur. Elgin A Ohio. Ry May..
Bingham ton Ry
May..
Boston A Worcester.. May..
Burllngt'n Vt.) Trao. May..
Cal. Gas A Electric April.
May..
Cent. Penn. Traot.
Chicago A Mil. Eleo. May..
Chlo A Oak Park...c May..
.
||
Cm. Dayton ATol.Tr.
Oln. Newp. A Coving.
April.
Light A Traction... April.
Light
Citizens' Ry.
(Muscatine, Iowa).. April
Indlanap.Shelbyvllle
A Southeastern Tr. Vlarob.
Internafl Tract. Co.
System (Buffalo)... April
Jacksonville Elec.Oo. April
Kansas City Ry. A Lt. April
Lake Shore Eleo. Ry April
April
zehlgh Traction.
Lehigh Val. Trao. Co.
April
8treet Ry. Dep
Eleetrio Light Dep. April
dontreal Street
Ry
.
A
May
May
Street Ry. Depart..
Eleetrio Light Dep.
May
May
May
6,860
2,507
3.137
4,323
Sew London St. Ry..
April
Sot. Ohio Tr. A Lt. Co. May
Northern Texas Trao. May
Sorthwestern Elev.. Mav
)lean St. Railway... April
Drange Oo. Traotlon. April
Peeks.L't'gARR.Co. Maroh
Peoria & Pekin Term Maroh.
Philadelphia Co. and
Affiliated Corpor's.
May
Onion Tract May
Rys Co.Gen.— Roads. April.
Pottsv.
Light Go's
Rochester Railway
April.
..
Belolt A
Janesville
St Joseph (Mo.) Ry.
Lt. Heat A Pow. Co.
May..
92,945
86,410
"26,529
191.560
71,238
331,598
140,651
31,838
28,662
160,620
156,303
53,344
52,939
43.735
44,-60
1,834,597 1,794,705
262,875
260,985
478,109
885,945
173,89*
168.544
1
6,822
39,038
14.900
12,681
81,655
13,865
87,805
39,148
50.112
26,977 1765,906
\w££i
105,160
56,636
116,060
309,886
75,675
80,819
57,751
125,075
242,033
45,363
20,690
15,597
32,539
52,527
11,812
17,742
56,820 61,771
204,414 226,615
13,9*4 12,397
53,392
57,972
26,118 26.963
116,231
105,663
59.K56
14.454 18,145
59,345
9,354
8,242
36,985
83.028
177,276 169,461
896,941 870,393
260,816 245,131 1,267,258 1,181,764
86,483 3 1 ,630
164,482
140,839
220,154 172,987
943,877 830,918
15,505
.
Year.
368,249
May
Gas Department.
Year.
393,460
Ft. Wayne
Light. Co.
tfuak. Tr.
A
Latest Dat
312,708 295,332 1,209,048 1,154,805
23,519 19,361
89,99
75,843
329,483
v3,630,202
46,705 42,502
157,607
151.591
10,488
9,911
40,648
38,165
MlLLt.HeatATr.Co. May
Muncle Hartford
to
Ourrent Previous
9
93,843
486,139
5,784
May
Lexington Ry
LmdonSt. Ry.(Can.) May
Mad. (Wis.) Traction May
Het. West Side Elev.. May
Ry. A Lt.Co
Jan. 1
9
8
•
22,529 22,299
97,616
123,669 117,876 523,466
41,778
137,^0,
21,217 20,311
88,9337,700
7,471
6.417
27,529
322,969 218,750 1,202,195
46,124 46,569
197,549
34,476 20,042
122.412
64,137 65.97T 327,460
84,718 39,267
130,573
8,126
41,441
Cleve.A So.W.Tr.Oo.. May
E...
Palnsv.
A
April
14.961
Oleve.
12.374
Dart. A W'port Bt.Ry. May
United
Ry..n
2dwk
June 90,432
Detroit
Ry
... 2d wk June
Dnluth Street
12,744
105,134
East St. Louis A Sub. May
38,101
Elgin Aurora A Sou.. May
Maroh
57,765
Grand Rapids Ry
Bavana Elee. Rv.Co. WkJanel9 131,860
Honolulu Rapid Tr.
April...
27.120
A Land Co
16,919
Honghtoa Co. St. Ry. April...
32,049
Houston Eleo. St. Ry. April.....
Illinois Traction Co.. April
75.488
Indlanap. A East. Ry. May.
17,556
J!leo
Year.
99,459
A
tf U.
Prev'u*
1
'
Net Earnings Monthly to Latest Dates.— The table follow •
ing shows the gross and net earnings of Steam railroad B
reported this week. A full detailed statement, inolnding all
roads from which monthly returns oan be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of June 18,
1904
Ths next will appear in the issue of July 23, 1904.
Gross Earn ings.
Xel Earnings.-
—Current
Year.
$
Interest Charges and Snrplns*— The following roads, in
addition to their gross and net earnings given in the fore*
going, also report charges for interest, &c, with the surplus
above or deficit below those charges,
Gross
For the first week of June onr final statement covers
49 roads, and shows 3*42 per cent increase in the aggregate
1st
Tear.
a Ret earnings here given are after deducting taxes.
b 5et earnings hereglven are before deduotlng taxes.
Earnings.
29,928
15,197
Includes Lake Erie
i
4TBEET RAILWAYS AND TRACTION COMPANIES.
* 86.08 5
..
\t Earnings.Current
Previous
40.017
3,479
11,259
698,883
182,947
156,520
Wabash, b
May 1,889,105 1,928.672
451,825
428,198
July 1 to May 81.... 20,995,563 19,430,915 4,795,988 5,216,045
378,fS56
Wheel. AL. Erie. b. May
309,005
18.348
88,165
July 1 to May 3l.... 3,963,489 3,811,328
972,699
907,696
500
50,108
.
Year.
Roads.
10,560
9.04H
12,079
—
Previous
. .
p.
Earn Ings.
Current
(
I
Net Increase (4-83
1
,
2593
4.008
>
Hocking valley
International A Gt.No..
Kanawnn A
.
THE CHRONICLE.
25, 1904.]
Latest Wross Earning! b? Weeks.— In the table which
follows we sum np separately the earnings for the second
The table oovers 44 roads and shown
we«k of Jnne.
4*83
—
....
.
i
74,917
60,736
107,309
7,876
7,610
7,794
23,211
64,613
6,819
2,790
2,934
4,233
74,255
38.27S
103,834
6,270
7,152
8,222
7,982
28,047
14,250
18,502
16,296
316,581
211,722
548,814
88.666
26,267
24,102
71,05:
29,501
16,339
19,462
15,471
311,011
166,050
526,598
23.513
25,246
22,8"8
26,915
6,553,471
66.341
76,95*1
80.114
7,811
7.907
578,68c
497,505
1,262,690 1,268.079 6,761.902
70,110
17.798 16.2,0^1
22.H49
1.808
122,795 10i,947
21,998
1,927
aookford
May..
May.
Louis Transit... May.
San Bernardino Val
March...
.
Traot. Oo
iao Paulo (Brazil)
it.
Tram. L*t A Po. Oo April
savannah Elect. Co. April
Seranton Rallwav... April
seattle Electric Co...
South Side Elevated.
April
May
11,332
11,382
54,271 45,5*2
837,873 641,680 3,322,049 2,821,874
10,296
119,000 109 926
40,941 38,866
66,064 61.536,
187,874 160,832
129,180 128,470
28,811
487,354
158. 65S
247.814
733,267
676,637
422,650
150,361
231,842
632,147
658,817
.
THE CHRONICLE.
2594
Wrojf Earning*.
i.aieil
GBOH6
Jan.
1
10 L,ai-tt
Current
Week or Mo Vur'nt Prev'ut
Year.
Tear.
JCABNIHGS.
Year.
Springn'd A Xenla Tr
s
20,900
270.241
111,984
165,564
100,780
677,22*
t
WkJunel2
Tampa
Kleotrlo
C!o...
Terre Haute Eleo.Oo.
Tol. Bowl.Gr. A 80. Tr
Toledo Rys. <fe Light.
Toledo A Western....
Toronto Railway
Twin Olty Rap. Tran.
Union
(N. Bedford)..
United of San Fran..
Wash. Alex. A Mt. V.
Youngstown-Sharon
Vear
9
Spanish sliver.
These are results for properties owned.
c Results for main line.
n These earnings inolude the Detroit United Ry., Detroit A Fort
Huron Shore Line and the Sand wl oh Windsor A Amherstbnrg Ry.
v These figures are for period from June 1 to Apr. 30.
II
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
we bring
r
together all the roads reporting as is
— Gross Earnings. —
*
Tea?:
Roads.
Alb'nyAHud.RR.aMay
May
lto May
Jan. 1 to
July
Aurora Elgin
go
By
&
Tear.
$
31
31....
22,529
97,616
257,365
,
Net Earnings.——,
Current
Previous
Tear.
Tear.
$
22,299
93,843
236,247
7,297
20,208
79,204
6,711
29,062
77,443
Chica-
May
41,778
16,745
422,512
190,497
Binghamton Ry.b..May
21,217
20,811
10,020
10,245
Oot lto May 31
143,618
137,774
58,103
56,178
Boston Worcester. Apr.
26,523
9,015
Oct 1 to Apr. 3o....
159.338
87,518
California Gas & Eleotrlo Corp.— See detailed statement below.
Central Pennsylvania
TraotlonCo
May
45,124
45,569
28,533
21,424
Jan. 1 to May 31...
197,549
191,560
26,589
64,461
Ohio. A Mil w. E lee. May
84,476
20,042
20,703
12,885
Jan. 1 to May 31...
122,412
71,238
64,961
39,133
Cincinnati Dayton A Toledo Traction, b... Apr.
84,718
39,267
8,775
17,016
June 1 to Apr. 30
458,527
443,319
187,774
196,483
Cin.Newp. A Cov. Light
ATraotlon.a
Apr.
99,459
92,945
38,826
38,322
Jan. 1 to Apr. 30 ...
393,460
368,249
155,936
148,050
01ev.Palnesv.AE...Apr.
14,961
14,900
6,462
5,799
Jan. 1 to Apr. 30....
53,344
62,939
16,521
19,035
Cleveland Southwest'n—
TraotlonCo
May
41,441
39,038
15,874
16,892
Jan. 1 to May 31
160,620
156,303
40,749
58,259
Detroit United Ry.n (all
properties). a
May
388.122
372,952
157,586
151,650
Jan. lto May 31.... 1,656,249 1,629,588
551,471
634,897
Dmluth Street Ry.b. Apr.
61,616
51,665
24,766
20,693
Jan. 1 to Apr. 30 ...
187,109
182,989
72,299
67,565
East St. LoulsASub.May
105,134
87,305
49,675
41,241
Jan. lto May 31 ...
478,109
385,945
237,685
188,866
Elgin Auro. A Ho. b. May
38,101
89,148
14,930
17,354
Jan. lto May 31....
173.894
168,544
61,165
66,367
Jury 1 to May 81....
416,156
392,422
168,396
164,534
Honolulu Rapid Transit
A Land. b
Apr.
27,120
20,690
11,088
9,341
Jan. 1 to Apr. 30
105,160
80,819
40,720
34,163
Houghton County St. Ry.
(Hancock, Mich.). Apr.
16,919
15,597
5,524
6,222
Jan. 1 to Apr. 30....
56,536
57,751
7,733
15,334
Houston Eleot. Co.. Apr.
33,049
32,539
9,971
10,130
Jan. 1 to Apr. 30....
116,060
125,075
33,682
42,544
in Ulineis Trao. Oo.Apr.
75,438
52,527
26,283
16.543
Jan. 1 to Apr. 30
309,386
242,033
131,058
103,873
Ind'p'lls A East. Ry.May
17,656
11,312
8,767
5,516
Jan. 1 to May 31
75,675
45,366
33,038
18,402
June
1 to
May
Current
Previous
Current
Previous
Tear.
Tear.
Yc fir.
Tear.
$
$
jfrevxou>
I
of the month)
done to-day.
,.,,.ij».
On^t
1.078
20,863
1,283
250,788
69.040 62,612
94,123
April
30,484 23,480
132,358
42,041 33,327
April
108,072
23,096 24,778
May
142.581 135,415
630,632
May
78,32ft
18,254
May
WhJunel8 47,683 39,521 1,089,920 910,826
2dwk June 83,778 81,780 1,857,458 1,736,671
30.720 32,109
133,903
133,592
May
574.969 544.156 2,687,985 2,478,557
May
22,702 21,718
101,328
91,181
May
37.602
148.232
April
Byraon8eRap.Tr.Ry. April
[Vol. lxxyiii.
81
<fe
International Tract. Co.
System ( Buffalo) b. Apr.
313,708
295,332
96,460
127,663
July 1 to Apr. 30.... 3,383,814 3,078,495 1,386,474 1,416,263
Jaoksonv. Eleo. Co. Apr.
23,519
19.361
9,756
6,359
Jan. 1 to Apr. 30
89,991
75,843
33,879
22.992
Kan. Olty Ry. A Lt.aA.pr.
329,483
128,870
June 1 to Apr. do
3,580,202
1,346.550
Lake 8h. Eleo. Ry.aApr.
46,705
42,502
9,677
11.785
Jan. 1 to Apr. so
167,607
151,591
9,864
31,610
Lehigh Traction. a. Apr.
10,488
9,911
3,461
3,440
Jan. lto Apr. 80
40,648
88,165
9.925
11,304
Lexington Ry. b...May
26,148
26,963
7,288
11.646
Jan. 1 to May 31....
116,281
106,663
35,176
37,518
Lond.8t.Ry(Can.)aMay
14,464
13,145
4,857
4,195
Jan. 1 to May 31....
69,256
59,345
11,210
18,593
Madison Traction.. May
9,354
8,242
4,788
4,066
Jan. 1 to May 31
86,985
33,028
14,623
11,615
Milwaukee Eleo. Ry. A
Light Co.. b
May
260,815
245,134
132,484
123.726
Jan. 1 to May 81.... 1,267,258 1,181,764
594,309
568,983
Milwaukee Light, Heat A
Traction (Job ... May
36,483
31,630
19,055
15,596
Jan. 1 to May 81
154,482
140,839
66,464
68,621
Montreal St. Ry
May
220,164
172,987
93,512
60,846
Oot 1 to May 81
1,529,306 1,362,564
510,968
490,492
Mnnole Hartford A Fort
Wayne a
May
15,505
8,598
Jan. 1 to May 31....
64,618
29.303
Roads.
,
$
New London
8t.Ry. Apr.
4,233
408
4,323
16
Jan. 1 to Apr. 30....
16,296
15,471
1,284
290
New York Olty Rv. Co. (formerly Metropolitan 8 t. Ry.) b—
Jan. 1 to Mar. 31.... 3,262,844 3,573,469 1,210.378 1,737,665
July 1 to Mar. 31. ...10,834,457 11,111,128 5,241,733 5,671,615
Third Ave. RR. b—
Jan. lto Mar. 31....
475,992
July lto Mar. 31.... 1,617,047
511,530
1,667,856
251,059
807,656
164,540
676,060
35,303
131,594
25,620
89,776
8,630
12,488
34,027
132,954
15,296
72,913
3,066
10,775
206
19,357
2,901
7,900
55,8*2
240,372
567,988
1,602
30,103
3,129
7,140
51,187
239,662
527,694
4,950
5,103
25,234
19,892
North. OhloTrao.ALight
May
Oo.a
74,258
74,917
816,581
311,011
50,736
38,278
211,722
166.050
7,876
6,270
28,866
23,513
7,610
7,152
91,094
84,651
7,794
8,222
24,192
22,888
Rochester Ry. Co.bMay
122,795
101,947
Jan. lto May 31....
578,683
497,505
July 1 to May 31.... 1.247,537 1,078,410
Rookford Beloit A Janesville
May
11,332
11,382
St. Joseph Ry. Light Heat
A Power
May
54,271
45,582
San Bernardino Valley
Traction Co. b
Mar.
10,296
Jan. 1 to Mar. 31
28,811
Sao Paulo (Brazil) Tramway L't A Pow.Co. Apr.
119,000
109,926
Jan. lto Apr. 30....
422,650
487,354
Savannah Eleotrlo. Apr.
40,941
38,866
Jan. 1 to Apr. 30....
158,663
150,361
8oranton Ry. Co.. ..Apr.
66,064
61,536
Jan. 1 to Apr. 80....
247,814
234,842
8eattle Eleotrlo Oo.Apr.
187,874
160,832
Jan. 1 to Apr. 30....
733,267
632.147
8yraouseRap.Tr.bApr.
69,040
62,612
Tampa Eleot. Co... Apr.
30,484
23,480
Jan. 1 to Apr. 30
111,984
94,123
TerreHanteEleot..Apr.
42,044
38 327
Jan. lto Apr. 30....
165,564
132,358
Toledo Bowling Green
A8outh'nTract..May
y23,096
24,778
Jan. lto May 31....
100,780
108,072
Toledo Rys. AL'ht.aMay
142,581
185,415
677,222
630,632
Jan. lto May 31....
Twin City Rap. Tr. bMay
363,645
339,735
Jan. 1 to May 31.... 1,689,120 1,570,909
Jan. lto May 31 ..
North. Tex. Tract. bMay
Jan. 1 to May 31 ...
Olean 8t. Ry. Co... Apr.
Jan. 1 to Apr. 30 ...
Orange Co. Tract. ..Apr.
July lto Apr. 30....
PeeksKlll Lt.ARK.aMar.
Jan. 1 to Mar. 31....
Youngstown-Sharon Ry.
Apr.
A Lt. Co.a
Jan. 1 to Apr. 30....
4,529
12,657
81,000
326.842
14,937
59,497
26,450
85,681
56,557
213,254
27,817
11,734
46,571
10,458
42,322
75,783
293,471
10,798
46,729
24,262
86,849
42,330
152,405
26,966
11,404
44,527
9,127
33,828
T7.100
26,132
63,717
297,200
192,873
876,884
9,549
38,945
64,689
301,234
180,407
817.282
14,746
55,990
37,602
148,232
a Net earnings here given are after deducting
taxes.
n*t earnings here given are before deducting tax**
in The Illinois Traction Co. is a consolidation of Danville Urbana A
ChampaigD, Urbana A Champaign Ry. Gas A Eleotrlo Co., Danville St.
Ry. A Light Co. and Decatur Ry. A Light Co.
n These earnings inolude the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
y Decrease from last year due to froods.
it
Interest unarges
and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c, with the
surplus or deficit above or below those oharges.
< -Bat. of Net Eam'gs.—.
Int., Rentals, etc.
—
—
Roads.
Albany A Hud. RR..May
>
Current
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
$
$
5,000
55,000
5,000
55,000
3,297
24,204
16,456
177,845
15,982
177,622
def. 7,681
9,929
1,034
18.861
21,135
84,418
20,917
84,831
17,691
71,518
17,805
68,719
87,395
443,368
16,533
65,848
9,451
46,107
101,225
81,194
407,941
15,225
60,769
9,454
46,318
100,616
*73,542
*125,824
8,243
6,451
5,479
15,058
62,171
*78,211
*246,619
5,468
6,796
7,900
20,049
63,918
4,376
17,506
8,104
12,416
*7,042
'24,416
*21,887
8,447
13,117
7,941
30,780
2,929
11,716
6,831
26,316
Jan. I to Apr. 30....
75,508
A East, Ry.May
4,167
Jan. 1 to May 31....
20,833
International Tract. Co.
System (Buffalo).. Apr.
132,704
July 1 to Apr. 30
1,329,976
Jaoksonv. Eleo. Oo.Apr.
3,105
Jan. 1 to Apr. 30....
12,522
LakeSh. Eleot
Apr.
20,371
Jan. 1 to Apr. 30....
81,483
Lexington Ry
May
4.551
Jan. 1 to May 31....
27,709
58,857
2,084
10,417
July 1 to May 31....
Cincinnati Dayton A Toledo Traction
Apr.
June 1 to Apr. 30
Oin.
A
1,711
23,443
Newp. A Gov. Light
Traotlon
Apr.
Jan. 1 to Apr. 30
Detroit United Ry. 11 (all
properties)
May
Jan. 1 to May 81....
Duluth Street Ry. Apr.
Jan. 1 to Apr. 30
Elgin Aurora A So. May
Jan. 1 to May 31
July 1 to May 31....
.
.
—
Honolulu Rapid Transit
A Land
Jam.
1
Apr.
to Apr. 30 ...
6,273
Houghton County
St. Ry.
(Hanoook.Mloh.).Apr.
Jan.
lto Apr. 30
Heuston Eleot. Co. Apr.
Jan. 1 to Apr. 30
Illinois Traotl >n Co.—
Ind'p'lls
Load.8t.Ry. (Can.).. May
Jan. 1 to May 3i
Milwaukee Eleo. Ry. A
Light Co
May
Jan. 1 to
May 31
2,030
2,852
3,293
3,618
3,299
16,228
55,545
4,600
12,205
45,016
3,432
7,985
2,077
def.5,884
495
127,168 let. 36,244
136,237
1,280,026
56,498
3,442
2,917
6,652
11,331
11,661
21,367
20,371 def.10,691 def.8,586
77,779 def.71,619 def.46,169
6,234
5,412
2,687
11,177
26,341
7.467
2.482
2,224
1,971
2,375
12,019
def. 809
10,734
7,859
74,466
368,270
71,702
352,313
*59,197
*231,547
*53,1
*221,89
—
J
June
THE CHRONICLE.
25. 1904.
— Int., Mentals, etc. —
Lt.
-Hal. of Net Barn'a».—r
Current
Previous
Current
Previous
Year.
Fear.
Tear,
Year.
$
$
$
$
Roads.
Milwaukee
Trae. Co
Heat &
May
—
16,430
13,824
2.625
1,772
77.076
Jan. 1 to May 81
68,629 "df 10,602 *def.5,093
Montreal St. Ry....May
22,641
20,614
70,871
40.232
149,076
140,470
Oct. 1 to May 31
361,882
350,022
New York Oltv Ry. Co. (formerly Metropolitan Street Ry.) —
2,187,178 2,174,593 'df^Se.lSi'df^SS.SflS
Jan. 1 to Mar. 31.
6,565,342 6,541,094 *df.746,314*df.363,784
July 1 to Mar. 31
Third Avenue RR.—
423,399
435,076
•27,848 *df.l41, 781
Jan. 1 to Mar. 81
1,299,424 1,309,462
July 1 to Mar. 31
*56,948 *df.l24,728
Northern Ohio Traction
May
22,467
22,427
& Light Oo
12,836
11,600
112,532
108,765
Jan. 1 to May 31
19,062
24,189
13,194
North. Texas Tract. May
9,118
13,426
6,178
50,519
Jan. 1 to May 31
45,106
89,257
37,807
2,439
Apr.
1,942
Olean Street Ry
1.191
1,124
9,766
9,968
Jan. 1 to Apr. 3o
2,672
807
26,525
25,534
•29,702
BoohesterRy. Co... May
'26,048
131,577
•110,712
127,390
Jan. 1 to May 31
•114,148
286,121
280,843
•287,520
July 1 to May 81
•251,772
Rook ford Belolt & JanesMay
2,696
vllle
2,500
2,254
2,603
San Bernardino Valley
Mar.
Traction Co
2,681
1,848
8.127
Jan. 1 to Mar. 81
4,530
10,306
9,783
Savannah Electric. Apr.
4,631
1,015
41,090
38,532
18.407
Jan. 1 to Apr. 30
8,197
24,948
26,840
Seattle Electric Co. Apr.
31,608
15,490
99,310
95.167
Jan. 1 to Apr. 3o
118,087
53,095
20.348
19,237
Syracuse Rapid Tr.Apr.
7,469
7,729
2,049
2,093
9.641
Tampa Eleot. Co. Apr.
9,355
7,981
8,352
Jan. 1 to Apr. 30....
38,219
36,546
6,521
9.177
Terre Haute Elect.. Apr.
1,231
2,606
37,353
26,117
Jan. 1 to Apr. 30
4,969
7,711
41,862
40,836
Toledo Rys. <feLt... May
21,855
28,853
208,706
200.934
88,494
Jan. 1 to May 31....
100,300
Twin City Rap. Tr...May
t78,328
102,594
t90,279
102,079
Jan. 1 to May 31
t891,928
428,835
t448,049
425,354
—
—
After allowing for other lnoome received,
t Fixed oharges include dividend on preferred stook.
n These earnings lnolmde the Detrelt United Ry., Detroit <& Fort
Huron Shore Line and the Sandwloh Windsor & Amherstburg Ry.
•
California Gas
<fe
Electric Corporation.
Expenses, int.
on bonds of SurOrois. Sub. Oo.s,<tc. plus.
April—
1904
1903
$322,969
218,750
))
8
,
$233,441
146,234
$89,528
72.515
Corp.
bond
Sinking
fund. Balance
$36,458 $12,500 $40,570
32,414
12,500
27,601
interest,
2595
permanent Improvements to the property from June 30, 1889. to Deo.
31, 1904, the snm or 9468,433, being an amount equivalent to ihe estimated original oost of the equipment having vaoant numbers at June
30, 1899, and not replaced.
Rolling stock in service Dec, 31, 1903: Locomotives, 39;
cars in passenger eervlce,40; cars in freight service, 2,583;
miscellaneous, 14.
The earnings
for four years past
190 1.
1901.
1900.
*
980,488
325,254
$
828,865
333,826
$
708.280
276,367
128,419
111,833
88,223
93,610
1,629,297
1,417,674
1,250,913
1,078,257
249,570
294,752
645,474
22,936
43,770
217,114
204,567
528,056
20,108
40,404
152,314
238,486
480,454
21,600
85,724
164,519
214.992
437,215
17,346
31,391
Operating expenses. .1,356,501
372,798
928,479
322,435
5,764
865,462
212,795
6,506
1,010,239
407,335
3,935
379,302
411,270
328,188
212,795
160,380
80,000
161,100
80,000
161,820
80,000
781
145,550
242,601
86,587
166.467
46,328
1903.
Earnings—
$
Freight
1,144,987
356,891
trafflo
Passenger tratflo
Express, malls, oar service
and miscellaneous
Gross earnings
Expenses—
Malnt. of way and struot..
Malnt. of equipment
Conducting transportat'n.
General expenses
Taxes
.
Net earnings
Add general
interest
Gross lnoome
Deduct—
Interest on funded debt
..
Dividends
Betterments and mlioell
Total
240,380
*138.922
Balance
241,100
170,170
An anal
—
All annual reports of steam railroads,
and miscellaneous companies which have been
published during the first half of 1904 may be found by reference to the general index on other pages of to-day's Chronicle, the annual reports being indicated in this index by
Reports.
street railways
heavy-faced type.
Cleveland Akron & Columbns Railway Company.
,' Report for the year ending Dec. SI, 1903. J
President James McCrea says in part:
General Remarks.— While the earnings show an
inorease of * 211,723. or 14*94 p. c, the operating expenses increased $246,262. or
24 33 p, c, making a decrease in net earnings of $34,539, or 848 p. o.
The aggregate tonnage moved was 2,151,595 tons, an increase of 13 38
p. o., principally In bituminous coal, ties. Bait and miscellaneous
manufactured articles; ore showed a material deorease in comparison
with 1902. The total tonnage mileage increased 18*28 p. o. and the
receipts per ton per mile were 6-6 mills, a deorease of 1-10 mill;
freight train mileage increased 14*56 p. c; the freight earnings per
train mile were $1*61, an inorease of 3 cents. There were 520,385
Sassengers oarried, an inorease of 12 46 p. , and the average earnigs per passenger per mile were 1*77 oents, a deorease of 3 10 mill.
Maintenance of way and struoture expenses Increased $32,456, due
principally to Inorease in rail renewals, and heavy repairs to stations
and shop
buildings.
The expenses for maintenance of equipment
increased $90,195, or 44*09 p. c, due mainly to charges made to proTide a fund for renewing freight oar equipment, and providing for
extra heavy repairs to freight locomotives. The oost of conducting
transportation increased $117,417, or 22*24 p. c, due in part to higher
prloes paid for labor, and for fuel, and other supplies, and In part to
the inorease in train mileage necessary to take care of the increased
volume of traffic
During the year there were 2,160 tons of new steel rails used in
main track renewals and six tons in construction of new main track;
59,250 cross ties were placed in main and side tracks as renewals, and
10,581 seed In new tracks. There were 16*45 miles of new fenoe built,
and 1.V4K miles of track were ballasted with gravel, and 2*20 miles
with cinders. Trestle No. 102, near Sunbury, 494 feet In length, was
filled, a 15-foot stone arch being built, and bridge No. 16, 57 feet,
plate girder, was ereoted. Bridge No. 86 will be erected In 1904,
funds having been set aside for that purpose. A new two story brick
freight house was built at Akron, Ohio, at a oost of $29,125, which
amount, together with the cost, $30,797, of additional tracks, sidings,
and facilities at other points, was charged to lnoome account.
The oost, $79,511, o/other additions and improvements was oharired
to capital account, as follows: Equipment, $53,457; shop maohinery,
$1,578; real estate, $4,454;
new
GENERAL BALANCE SHEET DEC.
1903.
A v tf X
X
Railway, equip., Ac..7,33*,604
Securities of other
companies
75,000
,236.094
1903.
and supplies on hand
193,478
Due by other cos.
188,985
Due by station ag'ts,
184,947
123,798
$
75.000
Material
Ac
39.201
Cash in transit.. ..
90,006
Cash with Penn. Co. 960.000
Cash with Treasurer 183,900
Other cash
1,658
Mlscell'neous assets
Total assets..
32.490
43,491
24.K43
150,000
178,919
1,340
27,697
8,270,094 8,016,038
— V. 78, p. 2383.
1P03
1902.
LiabiUtie*$
$
Capital stock
4,000,000 4,000,000
Geu'l mort. bonds. ..l.Hoo.cOO 1.800,000
New first consols
1,746,01)0 1,764,000
Fund for additions
and Improvements
F'd for fr't car equip.
Accr'dlnt. on bonds'
Accounts for currout expenditures.
Due other comp'les.
Sinking fund
Miscellaneous
Balance, surplus
Total
In pursuance of the plan for the adjustment of oapltal aooount, the
of $83,115 was provided from lnocme during 1903 for permanent
improvements. The adjustment contemplated has thus been completed, and there has been charged against lnoome and expended for
sum
90,677
110.M08
59,100
67.488
8,410
69,400
175,766
17,193
68.460
116,203
18,013
35.820
46.108
102,541
f>l,7*-8
...
165,315
liabilities.. 8.270,094 8,016,038
May SI,
1904.
The comparative income account and balance sheet were
given in our last Issue, page 2439. We print this week on
pages 2603 and 2604 the remarks of President Wetmore as contained in the report.
The North American Co. controls and supervises the management of the following important properties:
Laolede Gas Light Company, St. Louis.
Union Eleotrlo Light & Power Company, St. Louis.
Milwaukee Eleotrlo Railway & Light Co.. Milwaukee, Wis.
Milwaukee Light, Heat & Traction Co., Milwaukee, Wis.
Detroit Edison Company, Detroit, Mloh.
It also has investments in the Cincinnati Newport
Cov-
&
&
Traction Co. and other companies.
Beginning with March 1, 1904, the dividend rate was increased from 4 to 5 per cent per annum. —V. 78, p. 2439, 1278.
ington Light
United States Cast Iron Pipe & Foundry Co.
(Report for year ending May SI, 1904.
Results for three years were as below jriven
KE8CLTS FOR YEAR ENDED MAY 31.
:
1902-03.
$1,370,642
$901,949
$119,000
71,640
6,000
$105,836
68,555
$117,287
77,415
$196,640
$1,107,170
$174,391
$1,196,151
32,573
$194,702
$707,247
3,937
$1,107,170
$1,228,724
$711,184
1903-04.
Profit for year
$1,303,810
Deduct —
Improvements
Interest on bonds
Reserved for doubtful accounts..
Total deductions
Balanoe
Other lnoome
x
Total net Income
1901-02.
Deduct—
Reserved for working oapltal.... $728,724
Dividend on preferred stook... (4%) 500,000
Total of above
$1,228,724
Add
$546,718
500,000
(4)
$1,046,718
$289,827
246,083
(2)
$535,890
def.$m,554 sur.$182,006 ur.$175.294
Balanoe
surplus June 1
Total surplus
853,724
671,718
500,361
$732,170
$358,724
$675,664
x No "other Income" is reported, though the treasury still holds
"treasury stock at oost, $347,555," the dividends on which in 1902 03
constituted $15,748 of tbe other lnoome shown for that year.— [Ed.]
BALANCE
yards, tracks, etc., $20,022.
construction.
31.
North American Company.
Akron & Barberton Bslt RR.— This
road has been operated in the
interests of the four proprietary companies. The proportion of the
net oost of operation paid by your company being $20,410 and to sinking fnnd $'',887.
Rolling Stock-Readjustment.—The motive power was materially
improved during the year, 16 looomatlves having been authorized for
addition to the equipment, eight of which were reoeived and placed in
service. The sum of $110,302 was set aside as a fund for tilling
vaoanoles in freight oar equipment and the cars are now In course of
20,917
•Add at credit of Income Dec. 81. 1902, (102,541, and amount realized In
suudrr adjustments. *85.107, and deduct fnnd for add's. and Imp's., $-8,116,
and sinking fund $17,8tt—balance to credit of Income Dec. 31, 1903, $165,813.
{Report for year ending
ANNUAL REPORTS.
and the balance sheet
follow:
8
1903
1901.
Assets—
$
$
Plant investment. 24 0S9.2S0 24,126.482
Treasury stock.
Sinking fund
an I
Bonds American
Pipe & F. Co
Casu
Raw and manufac-
423,347
Total
712,914
306.000
420,715
649.353
239,476
1,680 018
2,503,822
j
tured material
Acc'nts receivable
.
317,555
68,037
347,535
29.461,905 29,452,659
EET MAT 31.
1904.
1903.
Liabilities$
t
Pref stoek outst'g 12.50o.000 12.500,000
Com. stock outs '« .12,500,000 12,600.000
Am. Pipe <fc F. Co.
l.soo.noo 1,600.000
bonds
Bills* acc'tspay'le
560.861 1.160,551
Heserve for add'n
836,615
to work'g capital 1,665,269
1U5.836
Improvements
X 103,602
732.170
853,724
Surplus
.
.
.
Total
29 461,905 29,452 658
x Total so reserved since ornanlzatlon 'n lieu of depreciation, 9509,971
pended, $406,369; remainder, $103,602.— V. 77, p. 2163,
;
ex-
:
THE CHRONICLE.
2596
American Book Company.
(Balance Sheet April 19, 1904J
sheet has been filed with the Mas-
The following balance
sachusetts authorities:
BALANCE 8HBET APRIL
19, 1904.
Liabilities—
9
157,609 Capital stook
Machinery
153,384 Accounts payable
Undivided profit
Merchandise and stock
In process
791,643 Bonds and acorued
erest
Cash and debts recelv... 1,351. 118
9
Assets—
Real estate
Copy
rights
5,000,000
273,530
2,797,469
int-
691,500
and plates.. 6,309,7 45
8,762,499
Total
Total
I
8,762,499
Quarterly dividends at the rate of 8 p. c. per annum have
been paid since 1892 with occasional extras; the usual quarComterly distribution, 2 p. c, being payable next month.
pare V. 78, p. 289.
United States Realty & Construction Company.
(Report for the 11 months ending May SI, 1904 J
President H. 8. Black says in substance:
Chanoh in Fiscal Ybah.— The directors submit herewith a report on
the operations of the company and Its subsidiaries for the eleven
months ending May 31, 1904. May 31 having been found more suitable
than June 30 for closing the financial year. The companies whose accounts are Included In the consolidated statements hereto appended
are as follows:
1. United States Realty &, Con- 5. Fifth Avenue Building Co.
struction Co.
New York
2.
3.
4.
6.
Number One Hundred & Eleven
Broadway.
Inter-State Mortgage
Realty Corporation.
&
7.
DebenGeorge A. Fuller Co.
ture Co.
Sixth Avenue Realty Co.
All the capital stock of the subsidiary companies has now been
acquired. [The statement of the chartered acoountamts shows that
all of the stock of No*. 5 and 7 above Is owned by Nos. 3 and 2. repeotlvely, and all of the stock of Nos. 1, 2, 3, 4 and 6 is owned directly
by the United States Realty dt Construction Co. Compare page
2606. Ed.]
Income account.— The earnings for the period have been as fol-
lows
"
$833,763
building contracts
1,324,818
Gross earnings
$2,158,581
Less— Interest payable, expenses
of unproductive real es-
The consolidated income accounts and ba'ance sheet of the
United States Realty & Construction Co. and subsidiary companies are as follows
CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT (INTER COMPANY
BALANCES ELIMINATED) FOR 11 MONTHS BNDINQ MAY 31, 1904.
Interest receivable
Deductions —
$335,452
Income from investmentsInterest payable
$202,200
Real estate
298,448 Expenses of unproduc65,577
Other stocks and bonds 107,506
Profit on bulld'g oontraots—
Onbuildiags completed 940,114
do in progress (proportion accrued)
984,704
Miscellaneous
26,782
Securities of realty cos.
Total inoome
$382,252
Management and Oflttoe expenses and taxes. 438,574
820,826
Net earnings
$1,337,785
oft
securities to bring
them
present market value
May
$399,370
191,964
Liabilities—
ttsptst—
Real estate &build'gs.$10,965,826
Loans on mortgage... 7,099,136
Stocks and bonds
4,212,436
Building plant and
furniture
136,984
Bulld'g aoots. recelv..
Mlsoel. acots. recelv..
Cash
1,672,726
Aooounts payable
.... $1 ,012,595
Surplus
1,091,334
Reserves
594,547
"Balance, repree'nt'ag
capital stock exclusive of goodwill".. 23,069,600
437,593
1,213,375
Total deductions...
$820,826
$1,337,755
written off securities to bring them to present market value
438,385
Surplus for eleven months
$899,370
[No comparison with the preceding nine months is attempted, owing to change in method of accounting.— Ed.]
CONSOLIDATBD BALANCE SHEET.
JUa«Sl,'04. Jne.30,'03.
t
%
20,820,886 17,163,831
Atsett—
Real estate
Less underlying
mortgages
9,855,000
8,638,304
Equity
10,9'15,836
8.615,527
4,1*3.500
2 43S,'W
1,K?3,»85
Loans on mort....
7,099.186
Secur. n realty cos. 2,331,960
Other securities... 1,930,476
138.984
Plant, etc
I
,
•Kxpendlt. on contracts in progress
894,497
15M70
1,617,185
will
869,147
678,865
1,213,375 4,82«,H76
a 37.139,501 37,041,006
Total
62,907.576 62,239,753
Good
*
.
.
,
Unrealized profits
account
of
280,744
profits ou contr's
1.435.079
Accts. receivable
Cash
May31.'0i.Jne.30,'O3.
*
$
.27,0 1 1 100 27, 011,100
Common stock
33.199,000 33,198,000
Stocks of subsidiary companies
41,000
Mortgage loans... 221.000
Current acoounts.
384,393 1,210,651
Int. & taxes accr'd
and rents recelv.
367,202
in advance
146,039
Reserves
513,873
Liabilities-
Pre 'erred stock
80,674
Dividend declared
Surplus
1.0U.S34
405,167
198,797
62,907,576 62,2S9,75S
Total
Less payments received on account.
x The adjustments in the good-will acoount have been caused by further
acquisitions of stocks of the subsidiary companies and by the exclusion from
this year's accounts of the assets and liabilities of the 68 William St the Tontine and the Santos companies. The stocks of the two latter companies have
been sold, and the accounts of the 68 William St. Co. are not Included, as a
controlling interest U not owned in it.
Note.— In addition to the above the company has contingent liabilities in
the form of contracts to make various loans and mortgages. It may be called
upon also to pay stock subscriptions to the amount of $160,»00 and syndicate
participation*, $5^.482. When payments are made on account on any of these
contingent liabilities, they will be equalized by a corresponding amount of new
$25,768,076
assets.
8CHBDULB OF REAL ESTATE MAY
31,
1904 (INCLUDING SUBSIDIARY
COMPANIES.)
Net Value.
67 and 69 Wall St. and 85-91 Beaver St.; (2) 108
and 110 West 34th St.; (3) Mercantile Building, 4th
Ave. and 23rd St.; (4) Vleior Building, Spring and
Mercer streets; (5) Fuller Building, Broadway and
i 3rd St.; (6) O'Neill Building and 127 West 20th St.
and 112, 118, 122, 124 and 126 West 21st St
Value of above properties, $10,683,023 lees mortgages thereon, $5.548,000.
$5,135,023
Propsrties in Oourse of Improvement —
(1) Sturtevant Hotel, Broadway and 29th St.; (2) 111
Broadway; (3) 5 and 7 Thames St; (4) 9 and 11
Thames St. and 102 Oeaar St,
Value of above propsrties, $5,272,509 lees mortgages
3,214,509
thereon. $2.05^.000
Productive Properties—
(1)
$25,768,076
The "reserves," $594,547,
oonsist of amounts set aside to cover
possible losses from doubtful debts, building accidents and oontlngen
oies and for depredation of buildings. It includes also unrealized
profits and carrying charges of unproductive real estate added to the
oostof the properties. These unrealized profits consist of interest, etc.,
aoorulng during the course of constrnotlon on properties being improved by the oompany for its own use; noae of this profit has been
Included In the surplus. The expenditures inourred for oarrylng unpioduotive real estate have been charged also out of earnings. In
order, however, to show the actual oost of the properties to the company, the book value of he real estate has been increased by the addition to It of these expenses, as also of Interest on the equities, and to
offset this a similar amount has been carried to reserve account
All he assets have been carefully examined and all depredation
written off. Although the amount of thla depreciation has been deducted from the earnings of the present period, It does not follow that
an actual loss has been made to that extent. The preaeat market
prloe of the securities owned is undoubtedly lower than their intrinsic
value. Any Increase, therefore, la the market value will benefit the
earnings of future periods.
The mortgages receivable are good for their face value. Provision
has been made for all doubtful aooounts. The prloe at which the
securities in realty companies stand on our books is conservative,
considering the intrinsic value and earning power of the properties
which they represent. Other stocks aad bonds have been written
down to the prices quoted on the markets on May 31, 1904.
Buildings and R»al Estatk
reserve for depreciation of buildings on a sinking fnad basis has been set aside out of profits to provide suffl jlent funds to replace the present buildings when they are no
longer serviceable. No changes have been made in the book valuations of the real estate properties since June 30, 1903, and those
acquired since that date are entered at oost. The property at the
northeast corner of 38th 8t. and 5th Ave., oarrled at a book value of
$750,000, has been sold for $800,000. If the properties now owned
were re valued, they would undoubtedly show au Increase over the
amounts at which they are entered on the books.
Buildinq Department.—The contracts lor buildings In oourse of
construction at the beginning of and those obtained during the 11
months number 35, and of'these 18 are still lu progress The profits
taken to aooount amount to $1,324,818, and all this has been realized
with the exoeptlon of $280,744 still due from the owners. No profit
has been taken to aooount on any contract oa which two-thirds of the
work has not been completed, and them, until the float completion of
the building, onlv 75 p. o. of the proportion of the profit on the
amount of work done has been oredltea. The balanoe of profit not
taken to aooount on oontraots at present In progress and to be oom
pleted during the next flsoal year Is estimated at $870,000. Negotiations are penning also for ooatracta to be exeouied in a number of the
larger cities. These amount to several million dollars and the profit
on them will materially lnorease the above amount.
General Polict —It Is the policy of the o impany to Increase its
fixed income by the improvement, sale or lease of Its holdings of unt
—A
productive real estate. Its present annual Income from Investments
t.> about $713,000.
From this has to be deduoted $104,000,
amounts
Employees' salaries
General expenses
,
31, 1904
$1,091,334
Financial Condition.—The oonditlon of the oompany on May 31 is
shown by the following:
>4
20,090
35,047
66,009
178,581
193,984
Amount
438,385
Surplus for eleve» months
Previous surplus
Total surplus at
to
In-
Offloers' salaries
$2,158,581
.
Deduct— Amount written
124,915
tive real estate
Loss on realization of
vestments
Depreciation
Net inoome
Proportion
tate and depreciation
iKXvm.
[Vol.
being the oost of oarrylng the unimproved properties. The present
net income Is, therefore, about $609,000. This Income, however, will
shortly be increased to a substantial extent by the amounts to be derived from properties being Improved. The Mercantile Building, 23rd
St. and 4th Ave., has just been completed and Is being leased to tenants. The Sturtevant Hotel will be completed in the fall, and has
already been leased at a substantial rent. On the Trinity Building
site a large modern offioe building is in oourse of construction, and
wh*n completed early next year will undoubtedly prove a very profitable investment. In addition, negotiations are pending for the lease
or sale of several of the large pieces of unimproved real estate.
Under these olroumstancee the fixed lnoome of the corporation from
Its investments will be materially increased during the year.
:
From Investments
,
:
;
;
Unimproved Properties—
(l) Broadway, 8th Ave., 57th and 58th streets; (2)
Broadway and 57th 8t (3) Broadway and 75th St.—
*« Int.;
(5)
(4) Broadway, 61st aad 62nd streets;
Broadway and 62nd St.; (8) 69 Columbus Ave (7)
Sixth Ave., 43rd and 44th streets; (8) interest in
James estate property (9) Lots on 69th St., Chicago.
Value of above properties, $4,865,294; less mortgages
;
;
;
2,616,294
thereon, $2,249,000
$10,965,826
Total [net] interest in real estate
LOANS ON MORTSAOBS AGGREGATING $7,099,136, COVER FOLLOWING
PROPBBTIBS (INCLUDING HOLDINGS OF SUBSIDIARY COMPANIES).
New Tork Oity Boreel Building, 4a Broadway. Wall and Water sts.
40.42 and 44 East 51st St.. Broadway and 69th St 50th St. lots,
Broadway and 76th St., 6ft William St., Claremont Ave. and 122d St.,
4 13 West 31st St., 27-29 Pine St., West 2ist St., Broadway and 61st
New Amsterdam Theatre; Broadway, 62d St.
St., Front and Pine sts
and Columbus Ave.; Broadway Chambers, Orient Building, Leonorl
,
,
Hotel. Battery Place Building, Tontine Building.
PAi/adeJpAia— Bellevue- Stratford Hotel.
Securities Owned.— Following is a sohedule of the shares of oapltal
stook owned by the oompany and its subsidiaries May 31, 1904, the
par value belag $100 unless otherwise Indicated
Description.
No shares. Price. Amount.
Lawyer's Title Insuranoe Co
$902,500
3,000 2ti7*a
Title Insuranoe Co
10,125
75 135
Standard Safe Deposit Co
5,500
50
273 l6
National Flreprooflng Co. ($M> shares) pref . 8.725
237,211
7°8
do
do
do
do
common. 2,383
18,170
294,250
U. 8. Steel Corporation, preferred
5,500
53^
8J\000
Broad Exchange Co., preferred
8,950 100
do
do
do
common
40
168,560
4,214
Plaza Realty Co. (60% paid)
60
240,000
4,000
New York Times Building Co
100,000
1.000 100
No. 68 William Street
2,1*00
60
150,000
Park Realty Co., preferred
100,000
1,000 100
Wall St. Ex Bldg. Ass'n,oom.andpf.(60% pd.) 8 '0
50
40,000
Thames Court Co
250,000
2,500 100
Riverbank Court Trust
3,400
10
340
HO
Total
$3,314,716
J
J
Juxe
J
.
THE CHRONICLE.
25, 1904.
In addition the oompany owni the following amount* of bonds,
eoheduled at $859,200, at prloes named, viz.: D. 8. Bteel Corporation,
10-60 year 6b, $800,000 <*735); Broadway Building Co.. A aid B.
9181,000 (par); Battery Place Realty Co.. $108,000 ($787); Broad
Exchange Co., $157,000 (par); other, $56,200. Alao syndloate participation, $68,620. Total valne of stock, bonds and syndicate participations, $4,242,436.— V. 78, p. 3446, 2019.
Cndahy Packing Co. of Illinois.
("Balance Sheet of September 1, 1903
The following balance sheet was reoently filed with the
Massachusetts State anthorities:
Assets —
Real
eat.
&
balldlngs. $2,935,198
Machinery
Merchandise
Caeh & debts
1,373,311
7,617.412
2,013,861
reoeiv'le
Carllne
619.358
108,760
Stooks
Liabilities—
Capital stock
$7,000,000
309,509
5,782.800
1,422,642
102,989
Accounts payable
Billspayable
Surplus
Profit
and
loss
Total
$14,507,890
$14,567,890
plant in Loe Angeles was seriously damaged
by fire on May 24. The plant, it is said, represented an investment of about $400,000; the loss, reported as between
$950,000 and $300,000, is stated to.be about oovered by the inTotal
The Cndahy
surance.— V.
71, p. 1070.
Massachusetts Breweries Co. (of Virginia.)
Statements filed with the Massachusetts authorities compare as follows;
Mar.
AssetsPlant
Dec. 81,
1.
1904.
1M)2.
13.919,851 $4,062,602
& stock la
process
272,874
Cash 4 debts rec.
842.954
Treasury stock...
194,442
Pat. rights, trademark & goodwill 2,620,832
Miscellaneous
303,109
240,101
776,795
185,342
Surplus
Reserves
Taxes accrued
lf: 8,623
184,619
9,668
131,160
Divid's declared..
2,610,374
390,164
$7,9J3,693 $8,201,580
Compare V.
Afar. 1,
Dec. 31,
1901.
1D#2.
$6,532,000 $0,532,000
907.840 1,258.760
Liabilities—
Capital stock
Debts
Mdse.
Total
78, p. 771;
V.
Balance
200,622
204,208
for
interest on bonds and loana of $279,540, the greater portion of whloh
la due to the issue of bonds for the purohase of the Laohlne Company.
The large lnorease In the net profits [aurplu* for the year], amounting
to $165,:t46, was earned notwithstanding the faot thai in the gas
department there waa ft 1,000 additional paid for ooal; also an
lnorease in wages of the employees In both departments equivalent to
20 per cent; alao the eleotrlo department was operated at a very high
cost, due to repairs to the Chambly dam only being oompleted in the
ml idle of November last.
There has been a most gratifying lnorease in all branches of the
electrical department, and the prospects for additional business during the ooming year are very bright. The lnorease In the output of
gas was 52,905,000 oublo feet, equal to 6 per oent. There has been
the very large increase of 60 per oent in the number of shareholders
during the year, whloh at the preaent time number 1,199.
Bonos —There were Issued during the year $316,000 of the 4i« p. o.
bonds and $16,000 of the 5 p. o bonds to pay for construction, and
redemption of bonds of subsidiary companies. These bonds have not
yet been placed on the market, and with bonds remaining unsold from
the previous year, make a total In the treasury and available for Immediate use of $982,000.
Additions and Improvements.— The installation of the new purifying and oil gas plant at the Elm station works has been oompleted.
A still further enlargement of the gas works is now under oonBtruotlon
to provide for the constantly Increasing consumption of gas. The
work of standardizing and unifying the eleotrioal department has
been continued with satisfactory results. During the year 34,501
lncaLdesoent, 155 oommerolal and 60 street lamps, and 210 motars,
equivalent to 2,303 horse power, were added to the company's circuits.
There were installed during the year 2,895 gas and 983 eleotrlo
meters, 1,949 gas stoves, and 1,091 new services, and 12 miles of new
mains and services were laid.
Comparative statements follow:
EARNINGS, EXPENSES AND OHAROBS VEAR8 ENDING APRIL
affords the following:
PROFIT AND LOSS ACCOUNT, 1903.
Earnings—
Expenses—
Exoh'e A toll servioe. ..$2,404,334 General and taxes
$411,184
Private & leased lines
Procuring and handling traffic
and Instruments
41,695
495,993
Dlvldents and interest.
289,260 Malnt. ins. & rentals
9 24,203
Real est. and sundries.
122,505 Real est. and sundries.
96,223
,
.
Total
$1,927,553
$930,241
852,367
Net earnings
Dividends declared
Balance to surplus
$77,873
COMPARATIVE STATEMENT.
Stations Dee.
31—
1903.
1902.
Increase-
45,544
40,837
4,707
21,724
18,160
3,564
$2,446,028 $2,010,010 $436,018
1,831,830
1,572,743
258,587
Net telephone earnings
Net other lnoome
$614,698
316.542
$437,267
211,602
Total net income
Dividends
$930,240
852,387
$648,769 $281,471
658,459
193,908
'
mim
«~
!
;
Balance
to surplus
def.$9,690
$77,873
The additions to oonstraotlon aooonnt
825, viz Underground plant, $377,156;
:
in
$177,431
104,040
$87,563
1903 aggregated $1,157,
aerial plant,
$58,968; equip
ment, $721,701.
BALANCE SHEET DEC.
Assets—
Construction
$7,041,418
Real estate
1,195,122
Adv'ea to oontr'd oo's 4,850,000
Bills & aoo'ts reoeiv'e.
229. 178
Snpplles.tools & furn.
100,030
Caeh and deposits
613,179
Total
-V.
.....$14,028,927
Net revenue
$1,345,790
on bonds & loans $491,746
680,000
$900,872
$132,205
679,334
$204,014
$39,383
31, 1908.
Liabilities—
Capital stock
$12,926,050
628,901
274,319
Accounts payable
193,890
Dividend, Jan., 1901.
5,767
Other reserves
Sarplns
$14,028,927
Total
Dividends paid (4%)
.
Surplus
BALANCE SHEET APRIL
1903.
1904.
Assets—
$
$
Stocks, bonds and
Int. In ottier cos_23,028,716 82,897,132
New construction. 2,137,872 1.130.483
840,000
Bonds unsold
932.000
St. B.&Sm.-V. Co.
148,907
218,609
surplus account..
239,84"
Accounts recelv'le 250,433
171.S31
94, ¥09
Stores
21,879
19,933
Coke, tar, etc
68,221
40.610
(Jag .stoves
19.087
154,869
Cash
Total
-V. 77.
3,382,998
Liabilities
—
$
Capital stock (par $50) .1,936,250
Acoonnts payable
Surplus
868,659
578,088
3,382,998
Total
Plants at last accounts at Ballston Spa, N. Y.; Beaver
Falls, Pa.; Milhall, Pa.; Oakland, Me.; Lewiston, Pa.; East
Douglass, Mass., with extensive plant at Qlassport, Pa,, proposed. President C. W. Hubbard Jr., Pittsburgh, Pa.— V.
$800,377
$176,670
490,404
$141,758
$133,303
30.
1904.
1903.
t
$
17.000.000 17,000,000
Bonds outstanding 7,7 53,000 6,921,000
68,812
89,424
Chambly plant
Accounts parable. 216,666
288,673
Customers' depos83,044
its
Accrued interest..
North Packing & Provision Co.
(Balance Sheet Jan.
Assets—
$
Plant
2,376,646
Merchandise
1,467,595
Cash and debts reoeiv... 963,050
Miscellaneous
409,050
5,216,346
2, 1904. J
—
Capital stock
$
2,000,000
Accounts payable
1,902,748
Liabilities
Bonded indebtedness ...1,000,000
Surplus
Total
to authorized increase of stock to $2,400,000,
313.598
1,107.561
7,8*9
Uivs. unclaimed...
Div. May 15
170,000
Surplus
3^6,100
Total
21,656
87,814
301,012
6,986
170,000
181,087
26,81 0.410 25.C67.049
General Results.—The volume of business shows a satisfactory
increase over 1902, whloh waa then the largest In the history of
The quantity of ooal mined has been largely inthe oompany.
creased, the oompany now being the eeoond largest producers of
ooal in Nova Scotia; it is confidently expeoted that the present year
will show a farther substantial lnorease. The quantity of iron ore
sold was much less than during the previous year. The quantity to
be cold during 1904 will be still further redaoed, in accordance with
the polloy determined upon some time ago to reduce the sales of ore
as the oompany's output of ooal increased. The products of the blast
furnaoe, open-hearth plant and rolling mills show very considerable
Increases over the previous year.
Construction,— The work upon the new blast furnaoe and steel meltins: plant at Sydney Mines has been proseouted during the year.
Owing to the dlltlunlty experienced in procuring material and the
high priee of labor, it has been decided to suspend the work of oonBtruotlon during the winter mouths. The work will be resumed in the
early spring, and oompleted as rapidly as possible.
Dividends.—The regular dividend of 8 per oent per annum upon the
preferred shares has been paid quarterly and a dividend of 3 p. o.
upon the oommon shares for the first half of the year was paia on
Oct. 15, and a further dividend of 3 p. o. for the last half of 1903 upon
the oommon shares has been deolared payable on April 15, 1904.
The results for the three years compare as follows:
1902.
1901.
$859,398
453,149
$609,935
351,729
$508,937
242,030
Total available
$1,312,647
$961,664
$750,967
Deduct—
Interest on bonds
$93,238
$150,000
$150,000
100.000
75,000
60,000
Depredation and renewals
82,400
82,400
83,400
Dividend, 8 p. o. on »ref. stock....
Dividend on oommon stook... (6%) 246,804 (5^)191,115 (4%)123,60O
25,000
72,700
Sinking fund and miscellaneous..
BALANCE SHEET DEC.
.<4s*ft»—
&
1903.
1908.
$
$
7.814.448
mlnea. 9.265,620
Improvements, de
Property
velopmen's and
counts and
370,602
7*3,296
860,478
591.265
614,631
936,335
receivable
Instalments
o n
due
and June
capital stock,
Mar.
1
1903.
Liabilities—
Common stock.... 4,120,00u
2,443,000
Bonds
760,000
Oeneral reserve...
67,189
Slnkln«fund
cash
Bills pay. aod
adv.f or new plant 799.039
Pay rolls&acct.pay. 206,679
do Jan. 3 & '04
Dlv on pret. Jan.,
903 and 1904 ...
Dlv. on com.. Apr..
1903 and 190* ...
Re3.fordeprn,4c.
Fire ins. fund
'<
Profit
.10,879,149
9.675,101
&
loss
Total.
1902.
$
$
Preferred stock.... 1,030.000
I
172,675
1,1903
Total
-V.78. p. 1785.
31.
Coup, not pres'd...
bills
$399,238
$351,729
$508,515
$453,149
$626,904
$685,643
Total
Surplus, oarried forward
5,216,846
see V. 78,
8*>,9I»7
Bank loans
Stairs says in substance:
explorations to
be charged to future operations..
Inventories
Cash, ledger ac-
76, p. 595.
As
$821,217
$91,495
587,969
Nova Scotia Steel & Coal Co.
(Report for the year ending Dec. 31, 190S.
In the report issued some time since, President John F.
year
Balance brought forward
(Balance Sheet Jan. 1, 1904-J
under the Massachusetts law:
BALANCE SHEET JAN. 1, 1904.
Assets—
$
Real estate <fc maohlnery.2,393,127
Merchandise
,
634,108
Manufactures and stock
In prooess
355,767
p. 50, 290.
890,329
Liabilities—
Capital stock
26,810,4 10 23,067.049
Profits for the
Co.
followirjg has been filed
Total
939,068
1903.
American Axe & Tool
Total
1901.
$1,690,706
p. 194
78, p. 1225.
The
30.
1902.
$1,760,285
$7,963,693 $8,301,680
Bell Telephone Co. of Philadelphia.
(Report for the year ending Dee. 31, 1903.
The annual report, signed by President U. N. Bethel,
This oompany
Controlled companies
Telephone earnings
Telephone expenses
$1,937,560
1,036,688
Expenses
Total
1903.
1904.
$2,589,447
1,243,687
Gross earnings
71, p. 845.
$2,857,794
2597
Montreal Light Heat & Power Co.
(Report for the year ending April 30, 190 4.
President fl. 8. Holt says in substance:
General Results —There waa an lnorease in the amount paid
Int.
Total
)J
.
1,030,000
4.1SJO.00O
2,500,000
710,00,)
85,427
240
375
75,000
76,000
$0,600
20,600
123,H0f)
686,641
113,865
611.774
16.0C0
453,149
.10.879,149
9,675.191
616,681
80,6i57
—
:
THE CHRONICLE.
2598
GENERAL INVESTMENT NEWb
RAILROADS, INCLUDING STREET ROAD8.
Akron & Barberton Belt BR.— Bonds.— Blair & Co.
cently offered a block of the
and interest. V. 76, p. 434.
—
first
re-
mortgage 4a of 1942 at par
(Ala.) Railway, Light & Power Co.— Option
Holders of the company's 5 per cent
bonds are notified that they may nntil the close of business
to-day exchange their holdings for the new 4^ per cent
bonds on the basis of $110 of 4% per cent bonds and 8%
per cent bonus in cash for every $100 of 5 per cent bonds.
Agreements of exchange may be obtained from the New OrSons, New
leans Stock Exchange, from Isidore Newman
Co., New York
Orleans, and from Ladenburg, Thalmann
City. All agreements to exchange bonds must be deposited
Sons, on or
with the company or with Isadore Newman
before June 25, 1904. The new i}4 P61 cent bonds will be
ready for delivery Aug. 1, 1904, when the actual exobange
will be made.— V. 78, p. 1222, 988.
Birmingham
to
Exchange Bonds.
—
&
&
&
*
[Vol. lxxyiil
ance of the name of F. H. Prince in connection with the
purchase is an indication that the St. Louis & San Francisco
and the Rock Island will eventually be found in close alliance
with, if not the actual owners of, the Pere Marquette, Cincinnati Hamilton & Dayton and the Chicago Cincinnati &
Louisville. Others are inclined to believe that the Vanderbilts, through the medium of the Michigan Central, will
come
into possession of the three properties; and still others
expect to see the Pennsylvania system dominant either alone
or in conjunction with the New York Central interests. See
Chicago Cincinnati & Louisville RR. above.
The "Cincinnati Enquirer" of June 20 quotes a Cincinnati man, "who has been intimately identified with the
affairs of the C. H. & D.," as stating that a number of persons interested in the Pere Marquette will get the control of
the C. H. & D„ and as saying further:
After this deal is completed there will be another large issue of
H. & D. common stock. A portion of the new oommon stock 1b to
be used to retire a large amount of Pere Marquette stook. The operating company of the two systems will be the C. H. <fe D. wbioh will
lease the Pere Marquette.
The deal for the stock of the C. H. & D. has not been finished but
the papers in the transaction have been signed. The stook will not
change hands, however, until the cash is presented Inpayment. The
full scope of the deal is not estimated.
C.
f
Purchase by Dominion Government.
the Cabinet decided to purchase this
property for a sum reported as about $800,000. The road exToledo Terminals.— See Toledo Railway & Terminal Co.
tends from Chatham to Gibson, 127 miles, with branch of 9 below.—V. 78, p. 2441, 2383.
miles; it will be operated as part of the Intercolonial Ry.
Chicago Cincinnati & Louisville RR. Co.— Reported PurThe purchase must now be ratified by the Dominion Parliachase.— The "Chicago Record- Herald" says that the syndiment.—V. 75, p. 1301.
cate which controls the Pere Marquette road has purchased
Canada Southern Ry.— First Dividend Under New Lease. the Chicago Cincinnati & Louisville, and will combine it
The semi- annual dividend of 1}£ per cent, declared payable with the Pere Marquette and the Cincinnati Hamilton &
Aug. 1. is the first distribution under the new 999-year lease Dayton. (Compare last week's Chronicle, p. 2441).— V. 77,
to the Michigan Central, which calls for dividends at the rate p. 1532.
Canada Eastern Ry.
—At Ottawa on June 17
—
2% per cent per annum until 1910 and thereafter 3 per
cent.—V. 78, p. 47.
Central Pacific By.— Listed.— The New York Stock Exchange has listed $5,740,000 additional first refunding mortgage 4 per cent guaranteed bonds of 1949, making the
amount on the list $70,496,000. These additional bonds were
held by the United States Government as security for two
notes for $2,940,635 78 each, maturing Aug. 1, 1903, and Feb.
1, 1904, and, having been surrendered on payment of the
notes, were sold by the railway company.
Earnings for the 9 months ending March 31, 1904 :
of
Total gross earnings. $16,909,867
6,599,659
—V. 78, p. 2383, 228.
Net earnings
I
& other charges.$4.184,220
Balance, surplus
2,415,439
Fixed
Chesapeake & Ohio By.— Listed.— The New York Stock
Exchange has listed $500,000 additional general mortgage 1%
per cent bonds of 1992, issued to reimburse the company for
construction and additions, making the amount now on the
list $38,073,000.— V. 78, p. 1391, 1108.
Chesapeake Transit Co.— See Norfolk & Southern RR.
below.— V. 78, p. 2333, 1496.
Chieago Burlington & Qaincy RR.— Called Bonds.— Bonds
to the following amounts nave been called for redemption
and will be paid at the New England Trust Co., Boston,
July
1, 1904, interest then ceasing, viz.:
Burlington & Missouri River RR. Company In Nebraska, nonexempt 6 per cent consolidated mortgage bonds dated 1878, due July
1, 1918, viz : $164,000 in 81,000 bonds and $13,600 in 8600 bonds.
(2) Republican Valley RR. 6 per cent bonds dated July l, 1879. due
July 1,1919. viz.: $20,000 in bonds for $1,000 eaoh and $5,400 in
bonds for $600 eaoh.
(1)
Over-Subscribed.—The $9,500,000 Illinois Division 3% p. c.
bonds offered by Lee, Higginson & Co. and Clark, Dodge & Co.
were largely over-subscribed. Compare V. 78, p. 2441, 2383.
Chicago Great Western Ry.— New Stock.— Application has
been made to the New York Stook Exchange to list $12,800,000 additional
common
stock, increasing the total listed to
Compare V. 78,
Dividends.— The weakness
$42,721,600.
p. 1548.
in the prioe of the preferred
shares is supposed to be due to apprehension in some quarters
that the August dividend will be reduced or passed. The net
earnings for the ten months ending April 30 last were only
about $60,000 less than for the corresponding period of the
preceding year. The annual report for 190203 showed a
surplus of $7,620 over the 5 per cent dividend on the preferred shares. The increase in interest charges in the meantime has been moderate. The amount of debenture stock
outstanding is unchanged compared with June 30, 1903,
while the sterling 5 per cent notes show an increase of only
$1,600,000.— V. 78, p. 1548, 1781.
Chicago Rock Island & Pacific Ry.— Sale of Notes.— This
company, which in April last sold to the First National Bank
of this city $5,000,000 of 1-year 4% p. c. notes secured by $7,500,000 of its new refunding bonds, has, it is announced, sold
to the same institution a further blook of $7,500,000 of 4% p.
c. notes, secured by $11,250,000 of the refunding
bonds.
These additional notes are dated July 1, 1904, and are due in
three years (July 1, 1907), but are subject to call for redemption, at the company's option, on any interest day, upon 60
days' notice, at 102. The interest is payable on Jan. 1 and
July 1, respectively, at the First National Bank. The purchase was shared in by J. P. Morgan & Co., Kidder, Peabody & Co. and Blair & Co, and the notes have since been
re-sold to investors at a price reported as slightly below par.
,
—V.
78, p. 2333, 1416.
Cincinnati Hamilton & Dayton Rj.— Purchase.— Various
rumors are afloat regarding the probable relation of the syndicate which has acquired control of this property with existing railway systems.
In the belief of some the appear-
Choctaw Oklahoma & Gnlf RR.— Called Bonds.—Twenty
($20,000) bonds of the Little Rock Bridge Co.,
will be paid at 105 and interest at the Girard
in Philadelphia on July 1.— V. 78, p. 988.
dated 1899,
Trust Co.,
Connecticut Railway & Lighting Co.— Bonds to be Guar
anteed— Sinking lund Established Right to Call.— J. & W.
—
Seligman & Co., New York City, advise the holders of the
company's First & Refunding 4.%% fifty-year gold bonds that
an agreement and supplemental mortgage dated June 23,
1904, has been executed between the United Gas Improvement Co., the Connecticut Railway & Lighting Co. and the
Colonial Trust Co., by which the first named agrees to guarantee by endorsement the interest on the bonds of the Railway & Lighting Company, of which $15,000,000 have been authorized and $10,269,000 are outstanding. The Conneo'icut
Railway & Lighting Co. agrees to establish for the benefit of
the bonds so guaranteed a sinking fund of one half of one per
cent, per annum on the total amount of outstanding first &
refunding bonds, in consideration of an option to the United
Gas Improvement Co. to purchase and an option to the Connecticut Railway & Lighting Co. to call the bonds so guaranteed on any coupon date at 105 and interest.
Holders of First & Refunding bonds desiring to secure the
benefits of the above agreement and supplemental mortgage,
by giving to the United Gas Improvement Co. the option to
purchase, and to the Connecticut Railway & Lighting Co.
the option to call bonds so guaranteed, at any coupon date at
105 and interest, are requested to present their bonds on or
before Aug. 15, 1904, to the Colonial Trust Co., New York,
to be stamped as subject thereto and for the endorsement
thereon of the above guaranty and stipulation. Copies of the
agreement and supplemental agreement can be obtained at
the offioes of J. & W. Seligman & Co. or that of the Colonial
Trust Co., N.
V. 78, p. 820.
Denver & Rio Grande RR.— Listed.— The New York Stock
Exchange has listed $500,000 additional Rio Grande Western
Ry. mortgage and coll. trust 4 p.c. bonds of 1949, making the
amount listed to date $12,700,000. The bonds so listed are
part of a block of $900,000 received by the Rio Grande Western as follows: (1) on account of equipment, improvements,
and additions $500,000; (2) against deposit with trustee of the
entire capital stock of the Castle Valley Ry. of Utah, owning
20 miles of road (unbonded)$400,000:
EARNINGS OF BIO GBANDE WKSTBBN BY. FOB 10 MONTHS ENDING
Y—
ai'kil 30. 1904.
Other inc. All charges.
$2,295,420 #74,40-1 91,128,848
Net.
Qross.
Dividends.
Bal., sur.
$437,600
$803,476
The dividends here include 2% P- c. on entire stock, viz.,
$10,000,000 common and $7,500,000 preferred, all owned by
the D.
R. G.-V. 78, p. 2384, 1222.
$4,817,008
&
Detroit & Toledo Shore Line RR.— New President.—T. P.
Shonts, President of thp Toledo St. Louis & Western, d»s
been elected President of this company, succeeding C. M.
Hays.
Bond Offering—The offering of first mortgage bonds by
Moody
Bros.
& Co.
of Springfield, Mass., referred to in last
week's Chronicle, is made by them as correspondents for
Moore, Baker & Co. of Boston, who, having sold over $700,030
of the issue, are offering $300,000 at 87% and interest.
circular says in part
First mortgage bonds (authorized, $3,000,000) issued, $1,900,000; remainder held in esorow for additions to the property. The road
extends from Manhattan Inaction, Toledo, to Delray, a suburb of Detroit, 47-6 miles, of which 20 miles is double-tracked
all laid with
n«w 80-pound steel rails on 2,816 standard white oak ties to the mile,
A
;
and ballasted 2,000 oubio yards of crushed stone to the mile ; bridges
of stsel, with masonry or concrete foundations. Although only opened
for business In September, 1903, and so far only carrying freight, the
earnings derived from the line have been more than suffiolent to meet
the Interest charges Independently of the guaranty of the two con-
June
THE CHRONICLE.
25, 1904.]
trolling systems Tbe earnings of the year, based on tbe total reoelpts
for April and allowing 70 p. o. for operation, maintenance and taxes,
would be: GrosB, $426,582; net, $127,974; fixed charges, $76,000
surplus. $51,974
The terminals at Toledo are those of the Toledo Railway & Terminal
Co.. a belt line around the city connecting all railroads. They are
most favorably and centrally situated, built upon property granted
by the city under an ordinance whloh makes them common property
for the nse of all railroads on equal terms. They are also used by the
Pennsylvania, the Wheeling & Lake Erie, the Ann Arbor and the Pere
Marquette railroads. The Detroit & Toledo 8hore Line has a ten-year
;
agreement with the Terminal Company, by which it connects with
the terminal facilities of the Toledo 8t. Louts & Western, and has an
entrance into the Union Depot. From Delray the Detroit & Toledo
Shore Line RR. has a trackage agreement with the Wabash RR. bv
whloh it connects with tbe Grand Trunk Terminals In Detroit, whloh
are the largest and best in the city.
2599
charges, lnoludlng the 7 per cent dividend guaranteed on Metropolitan stock; but in the winter quarter the unusual amount of snow and
the unfavorable weather conditions generally, nothing approaohing
whloh has been experienced in the previous history of the company,
not only considerably reduoed the gross earnings, but very materially
increased the operating expenses. Furthermore, about 60 per oent
more accident oases (principally for accidents whloh ooourred more
than three years ago) were disposed of than during the corresponding
quarter of the previous year. As a result of these oauses the operating expenses for the quarter were foroed up about 20 per cent above
the normal rate.
At the present time our operating expenses are down to the normal
basis, and the gross earnings of the system show a substantial Increase over the corresponding period of last year. Notwithstanding
the bad winter months and the fact that the elevated roads, with
their improved electric service, have absorbed most of the new passenger business developed during the year, the reoelpts of our svstem of
surface lines for the fisoal year ending June 30 will be only a few
thousand dollars less than last year.
Tbe road is a connecting link between the Grand Trunk
system and the Toledo St. Lonis & Western, which together
A director of the Metropolitan Securities Co., which guarown the entire capital stock and jointly and severally guaron the stock of the Metropolitan
antee the principal and interest of the bonds substantially in antees 7 p. o. dividends
quoted
as
saying:
Street
Ry.,
is
the form stated in V. 76, p. 658.— V. 78, p. 2442.
It Is conceded, of course, that Metropolitan Street Ry. Co. Is not
Illinois Iowa & Minnesota Ry.— Bond Issue.— This com- earning the full 7 per oent dividend on tbe stock, and that some of the
pany has jast recorded its first mortgage to the Illinois Trust money has had to be paid by the Metropolitan -counties Co. As a mattrustee, securing an author- ter of fact, tbe latter was organized for just this purpose, namely, to
<fc Savings Bank of Chicago, as
guarantee dividends. But that need not disturb Metropolitan Street
ized issue of $5,000,000 of 5 p. c. bonds upon its line of road Ry. shareholders. The guaranty ought to be good for at least fifteen
between
Momence years to come, taking Into account the $30,000,000 capital of the Senow being constructed north and south
and Rockford, 111., about 120 miles, with an eastern exten- curities Company, of whloh one-half, or $15,000,000 has been paid In.
remainder Is subject to call at any time. I know of no new plan
sion to Miohigan City on Like Michigan. Rails are now The
to Issue bonds, and so far as the selling of the stook is conoerned I see
Kalb,
27
miles,
and
this
Aurora
and
De
being laid between
no reason for It.
seotion, it is expected, will be in operation by Aug. 15. ConCompare statement of earnings for the year 1903 in ChronThis icle of June
struction is progressing on the remainder of the line.
11, p. 2381.
is an outer belt line proposition to facilitate the interchange of
Central
Ry.— July Interest— Disposition of PriMexican
freight between the roads entering Chicago. It connects the
subsidy
fund remaining available for the
ority
Bonds.
The
Joliet,
Aurora,
Da
Kalb,
important industrial centres of
Rockford and Valparaiso. The company was incorporated payment of interest on the consolidated mortgage bonds not
met from earnings amounted on Dec. 31, 1902, the date of
in Dec, 1902, its authorized stock as recently increased being
the last report, to $1,812,795. At the same date there was
The
Rookery,
President,
ChiH. W. 8eaman,
$5,000.00(3.
also held by the trustee, the Boston Safe Deponit & Trust
cago, 111.
Co., $5,597,000, par value, of priority mortgage 5 p. c. bonds
Indiana Illinois & Iowa RR.— Dividend Omitted.—The of the Mexican Central, which, having been purchased as an
directors have decided not to declare a dividend for the last investment of the subsidy fund, were available for the same
half of the fisoal year 1903-04. From July, 1902, to February purpose as the fund itself. Boston papers say that the firstlast the stockholders received semi-annual dividends at the named sum has been largely diminished and that some of the
rate of 4 p. c. per annum.
priority bonds have been withdrawn from the trustee and will
Earnings.— For the year ending June 30 earnings, partly be used, presumably as collateral, to provide the amount
estimated, were:
needed to cover the July interest on the consols, V. 78,
Charges. Dividends.
Balance.
Net.
Gross.
Year—
—
—
$1,576,489 $298,930 $214,000 (2%)$100,000
1902-3(aot'al)l,747,802 482.133 214,134 (4%)200,000
1903-4
(est.)
def., $15,070
sur.,67,999
New Officers.— D wight W. Pardee was on Thursday elected
Secretary to succeed E. D. Worcester, deceased; Charles F.
Cox, Treasurer; E. V. W. Rossiter, Vice-President in charge of
all matters relating to the company's finances, and John
Caretensen, Vice President in charge of the accounting department.— V. 77, p. 2034.
Kansas City Fort Scott & Memphis Ry.— Called Bonds.—
Thirty-three ($33,000) Fort Scott Equipment Co. 6 p. c.
bonds are payable by the trustees at 50 State Street, Boston,
on July 1, 1903.— V. 78, p. 1549.
Lehigh Valley RR.— Dividend Expectations.— The "Philadelphia News Bureau" quotes a leading director as saying:
p. 2012, 1962.
Michigan Central RR.— New Officers— E. V. W. Rossiter
has been elected Vice-President and D wight W. Pardee Secretary, both to succeed the late E. D. Worcester.— V. 78, p.
2442, 1907.
Missouri Kansas & Texas Ry.— Listed.—The New York
Stock Exchange has listed $598,000 additional M. K. & T.
Ry. Co. of Texas first mortgage fifty-year guaranteed 5 per
oent bonds of 1942, making the amount listed to date $4,505,These additional bonds are issued on account of 2990
000.
miles of completed road, at $20,000 per mile, between Georgetown and Austin, Texas, completing the extension to the
State capital.— V. 78, p. 2384, 2012.
Newport & Providence Street Ry.— This company has
It is expected that a dividend will be declared at the meeting on
filed a mortgage to the State Street Trust Co. of Boston, as
June 29th. Without speaking for a majority of the board, my per- trustee, to secure $350,000 of 5 p. c. ooupon bonds of $1,000
sonal belief is that the amount decided upon will be 2 p. c, deolared
each. The road has just been opened, being 12 miles in
as a semi-annual dividend. It is not likely to be more than that
There has been some talk of making tbe dividend 1 p. o. quarterly, but length, extending from Newport to Bristol Ferry, where
It more probably will be 2 p. o. semi-annually.— V, 78, p. 1781, 1497.
connection is made by steam ferry with the New York New
Massachusetts Electric Companies.—New Bonds.—The Haven & Hartford RR. for Providence. Extension to War
Massachusetts Railroad Commission has approved the pro- College proposed. Edward A. Brown and George A. Maposed new issue of 4 per cent 50-year mortgage bonds, viz:
comber are, respectively, President and Treasurer.
(1) Boston & Northern Street Ry., $8,4X2,500, to refund its entire
The bonds are dated April 1 1904, and are due April 1, 1924; defancied debt; also $1,227,500 to pay floating debt inoarred for
,
Improvements.
(2) Old Colony Street Ry., $4,667,000, to refund
Its entire funded debt; also $2,145,600 to pay floating debt Incurred
for improvements.
The only bonds which it is proposed to sell at present are
those applicable to funding floating debt, namely, Boston
Northern $1,227,500 and Old Colony $2,145,C00. Later, possibly next year, it is proposed to refund the underlying
bonds, many of which are subject to call at an average of
about 103, thus materially reducing fixed charges.— V. 78, p.
nomination, $1,000 and $500. Amount outstanding, $300,000. Interest payable Oct. 1 and April 1 In Boston. Capital stook $300,000
of common and $200,000 of cumulative preferred, all outstanding;
par of shares $100.
:
New York Central & Hudson River RR.— New Secretary.
& —D
wight W. Pardee has been elected Secretary to succeed
1907, 1549.
Metropolitan Street Ry., New York.— First Rental Dividend on Stock of Third Avenue RR.— The New York City
Ry. Co., as lessee of this company will, we are informed, pay
on July 80 direct to the shareholders of the Third Avenue
RR.
Co. the
first
quarterly dividend,
\%
per cent, payable
the late E. D, Worcester (V. 78, p. 2409).— V. 78, p. 2442, 2438.
Newton (Mass.) Street Ry.— Bonds So Id.— The $250,000
5 p. o. 1st mortgage bonds due July 1, 1913, the remainder
of an issue of $500,000, were awarded to R. L. Day & Co. at
108-35.— V. 78, p. 2442.
Norfolk
&
Southern
RR.— Injunction.— Justice
Green-
baum
of the Supreme Court in this city, in a suit brought
by certain minority shareholders, granted on Thursday an
injunction, pending the trial of the action, restraining the
on the stock of that company under its lease to the Metropol- new management (representing the Chesapeake Transit Co.
and the trust company which provided the funds
itan Street Ry. Co. The present plan is to close the books of interests)
enable
it to purchase the Norfolk & Southern, from carryto
the Third Avenue company for this dividend on July 13,
The stock of the Third Avenue RR. Co. is $16,000,000, but ing out a plan to make a mortgage for $4,000,000 on the N. &
$8,C00,000 of it is owned by the Metropolitan. The divi- S. The $4,000,000 bonds, it is stated, were originally inas follows
dend will be 5 p. c. yearly for two years, then 6 p. c. for four tended to betoused
retire existing bonds of the road, $750,000 to retire
$1,630,000
j ears, and thereafter 7 per cent.
the bonds of the Chesapeake Transit Co. and $1,500,000 to pay the
Earnings.— On pages 2594 and 2595 of to-day's Chronicle trust company for the money advanoed In the purchase of tbe Norwill be found a statement of earnings made by the New York folk & Southern stook.
The management protested that this plan of disposition of
City Ry., which leaees the Metropolitan, and also the results
of operations on the Third Avenue RR., both alike for the the bonds had been abandoned on advice of counsel, but the
quarter and the nine months ending March 31, 1904. The Court held that the entire scheme waa apparently indefensiThird Avenue shows a surplus over charges for the qnarter ble and unfair to the minority interest.— V. 78, p. 1549, 1497.
of $27,848, contrasting with a deficit for the same period in
North Shore RR., California.—Sale of Bonds.— San Fran1908 of $141,781. Concerning the decrease of $488,000 in the cieco advices state that an option held on $1,500,000 of the
net income of the Metropolitan for the winter quarter, Presi- company's bonds by the Mercantile Trust Co. of San Francisco
dent Vreeland made the following statement:
has been exercised, and that these bonds and, it is understood,
For the two preceding quarters, which constitute the first half of a large interest in the stock, have been taken
over by E. H.
the fiscal year, the gross income showed an lnorease over the previous year of $263,828, resulting in a surplus of $59,065 over all fixed Harriman (President of the Southern Pacific and Uaion
:
:
,
THE CHRONICLE
2600
[VOL. LXXV1II.
Companies) and associates. Tne present management, it is said, will remain in nominal control for the
present.— V. 78, p. 1497, 584.
Northern Central Ry.-Listed.— The New York Stock
as the gross earnings per mile of the Atlantic Coast line. The freight
and passenger earnings of the system have sbown a substantial Increase eaoh month during the current fiscal year over previous year,
except one month last fall, when there was a slight falling off.
Exobange has authorized the Hating
car trusts, dated June
capital sto 3k after Jnly 8, when
amount listed f 17, 193,400.— Compare V. 78, p. 1907, 985.
and
Pacific
of $5,781,100 additional
paid in fall, making the
Oakland Charleston. & Western RR.— New Enterprise—
Mortgage. -This company, incorporated under the laws of
Mississippi on March 10, 1904, with $125,000 of authorized
capital stock, in shares of $100 eacb, of which $2*>,000 is preferred, has made a mortgage to the Memphis Trust Co. as
trustee, to secure $200,000 of first mortgage 5 p. c. gold bonds.
These bonds are dated May 1, 1904, and are due May 1, 1984,
without option of earlier redemption; denomination, $1,000;
interest payable Nov. 1 and May 1 at the office of trustee.
Surveys have b*en made for this steam road, which is to
extend from Oakland, Mits., to Charleston in Tallahatchie
County, Miss , a distance of 12 miles. J. H. Larrimer is
President; Jno. W, Saunders is Secretary; Wm. F. Lambert,
Treasurer. Office, Charleston, Miss.
Old Colony RR.— Sale of Stock.—The $462,500 new stock
offered at auction this week was bid in by S. W. Stevens
for investors at 202. See V. 78, p. 2443, 2335.
Pere Marqaette RR. Reported Purchase.— Bee Chicago
Cincinnati & Lonisvilie
above.
Trackage to Buffalo. The company will begin July 19
running its passenger trains to Baffalo, using the tracks of
the Canada Southern according to the agreement entered
,
RR
—
some months ago.
Toedo Terminals.— Bee Toledo Ry.
into
—V.
&
Terminal Co. below.
78. p. ^44H, 2385.
—
Philadelphia Freight Tunnel Co.— Incorporated. At
Harrisburg, Pa , on June 17, this company was lccirporated
with nominal ($10.0* 0) authorized capital stock for the purpose of building and operating the freight tunnel syatem reThe incorporators are:
cently described in the Chronicle
Ex 8enator William Flinn and John 8. Weller of Pittsburgh; J. Clayton Erb and Seleot Councilman William Gallagher and Upton It
White of Philadelphia. Compare V. 78, p. 2335.
Pittsburgh Fort Wayne
&
Chicago Ry.-Listed.— The
New York
Stock Exchange has listed $4,959,200 additional
guaranteed speoial stook, making the amount listed to date
$31,002,900.
New rolling
The additional stock
stock
Second track
3d and 4th tracks
5th and side tracks
Track elevation
Total
-V. 78, p. 2335.
represents:
$876,859 Real eat. and right of
1,004,410
way
$746,501
739,420 Engine, station houses,
728.885
eto
92,135
770,885
$4,959,195
—
Mortgage.— This
Placerville & Lake Tahoe RR., Cal
oompany, incorporated in April last with $2,000,000 of
authorized stock, to build a railroad from Placerville to Pallac, Cal., 65 miles, has called a meeting of its shareholders
for Aug. 8 at 309 Safe Deposit Building, San Francisco, to
authorize an issue of $1,000,000 bonds. The directors are:
John Lloyd. J. D. Brown. J. H. Swift, D. H. McEwen, James Sailer
and W.
J. Barnett, 10 shares eaoh;
basin ess, San Franolsoo.
S. J.
Rassette, 640 shares; plaoe of
Brown ie Treasurer of the Western Pacific RailCo. and Vice-President of the California Safe Deposit <fe
Trust Co.
Qaebec & Lake St. John Ry.— New Prior Lien.—The holders of the existing first mortgage 4-5 per cent bonds (£442,400) and prior lien 4 per cent bonds (£200,000 due April
1, 1921) will vote in London on Monday on a proposition to
issue prior lien bonds not exceeding in amount £800,000,
bearing interest at 4 per cent, to rank pari passu with the
existing prior lien bonds, and maturing at the same date; the
proceeds to be applied to—
The oonatrnotlon of a branoh line of about 40 miles in length to the
great water powers on the River St. Maurice at La Tuque, the purchase of additional rolling stock to facilitate tbe handling of the
largely increasing traffic and for other oapltal expenditures.— V. 73, p.
J. DaJzell
way
1208.
Rio Grande Western Ry.— Earnings, Etc.—Bee Danver &
Rio Grande above.— V. 78, p. 2385.
San Antonio & Aransas Pass Ry.— Bonds Stricken from
List.—Ttie following notice has been posted in the
New York
Stook Exchange:
Under a deolslon of the Railroad Commission of the State of Texas
affecting the numbers named of the bon te described below, the committee on stook list dlreots tbat the following bonds, viz
First mortgage 4 p. o. bond* of 1943, Nos. 17545 to 18900, inclusive, for fl. OOO
Holders
from
tbe
list.
eacb, be stricken
of bonds bearing any of the
above noun ioned numbers may exchange tbem at the ofBoe of the
for
bonds
of
Southern Paolflo Company
the same series numbered at
from 1 to 17544, Inclusive.— V. 78, p. 2385.
Seaboard Air Line Ry.— Stof us. —Touching current rumors and the weakness in the stock, Chairman John Skelton
Williams says:
The oompany Is in a thoroughly healthy financial condition. Most
of the 32.A00, 000 loan negotiated last fall, and whloh fell due June 1,
1904, was paid off before Its maturity, the last pajinent being made
on the day oi its maturity. The oompany had tbe right to renew the
loan for six montbs longer but did not exerolse It.
The system nowl* absolutely In need of no further financiering unless it shoald be decided to undertake oer'aln works of new construction. Improvement and betterment as to the wisdom or necessity for
whloh there are differences of opinion. The pbysioal condition of the
f>ropertyls very good, and will compare favorably with any other line
n that seotlon. About 6,000 new freight oars hava been added to Us
equipment daring the past four years and its motive power has been
increased by the purchase of new locomotives, about 70 per cent,
during the same time. The gross earnings per mile are just the same
:
1
Car Trusts.— Blair
&
1
Co. have taken an issue of $640,000
and maturing in one to ten years;
notes are seoured on ten looomotivea
interest rate 5 p. c. The
1.000 cars costing $812,750.
The engines will be of tbe oonooiidatlon pattern, and will be built
by tbe Baldwin Locomotive Works, delivery to be made in July of this
year.
whloh
The Western
Steel
Car
& Foundry
Co. will build 500 of the cars,
be of the ventilated box pattern and 60,000 pounds capacity eaoh. The Pressed Steel Oar Co. will build the other 500 oars with
steel under-frames, and they are to be of 80,000 pounds oapaolty eaoh.
-V. 78, p. 1499. 989.
will
Soot hern Pacific Co.— Meeting to Authorize Preferred
S'ock. The shareholders will meet at Beechmont, Jefferson
Co., Ky.. on July 20th, to authorize the proposed issue of
$100,000,000 of 7 p. c. preferred stook, of which the present
issue will be $40,000,000 as stated below. The call for the
meeting is printed in full on anotber page. It contains the
following
Resolved C ), that the oapltal stook of the Southern Paolflo Company
be increased $100,000,000, by Issuing 1,000,000 additional shares of
the p .r value of f 1>
eaoh.
Revolted (2), that the satd Increased stook shall be preferred stock;
that tbe holders of such preferred stook shall be entitled to dividends
In eaoh tisoal year at suoh rat*, not exoeedlng 7 p. o. per annum, pavable sf ml annually out of the net profits, as shall be declared by the
board oi directors, before aay dividend shall be declared on the common stook; that suoh dividends shall be non-cumulative; that the
holders of suoh preferred stock shall not. by virtue thereof, be entitled
to any other or further share of the profit* of the oompany; that, upon
the dissolution of the oompany. voluntarily or otherwise, the holders
of preferred stock shall be entitled to have their snares redeemed at
par before any distribution of any part of the assets of tbe oompany
shall be made to the holders of the common stock; that said preferred
stook shall be issued and sold, from time to time, to such amounts and
In suoh manner as the board of eireetors may authorize and determine, but at not less than the par value of the shares; that it shall be
convertible Into common stock, share for share, at the option, of the
holders at any time; and suali be redeemable, at tbe option of the
oompany. on or at any lime after the first day of July, 1905, and
before the first day of July. 1910, at $1 15 per share.
Resolved (<), that the board of directors thall be and they are hereby
authorized to establish, from time to time, and enforce all such rules
and regulations respecting the issue, saie, redemption and conversion
of such stock, not Inconsistent herewith, as In the Judgment of the
board may be necessary or expedient.
Each shareholder of reoord on July 14 will be permitted to
subscribe at par, $100 per share, on or before Sept. 1, for one
share of the preferred stock of the first issue of $40,000,000
for every five shares of stock registered in his name. Subscriptions will be payable in three instalments, viz.: 25 p. c.
or $25 per share at the time of making the subscription, 25 p.c.
or $25 per share on or before Oct. 3, 1904, and the last instalment of 50 p.c. or $50 per share on or before D<jc. 1, 1904; said
stock to carry dividends from July 1, 1904, if declared.
Regarding the application of the proceeds, President Harriman says in a circular: "Large expenditures have been made
in recent years, as stated in the annual reports, for betterments and additions to existing lines, new equipment, new
steamships, real estate and other property, the construction
of wharves, docks, elevators and other improvements at
Galveston, the construction and advances on account of construction of additional lines, and for other corporate purposes;
and, as shown by such reports, these expenditures were
met chiefly from earnings and loans. In order to provide the
capital necessary to discharge ail floating debt, and for all
additions and betterments authorized and contemplated
during the next year, and for other corporate purposes, the
issuance of such preferred stock to the amount of $40,000,000
at this time is deemed expedient. The proceeds from the
eale of this stock, in addition to providing for the needs
above mentioned, will enable the company to refund bonded
obligations maturing during the next three years amounting
to over $65,00D,(00,on a much more favorable basis of credit,
and leave over $30,000,000 of frte and negotiable assets in the
treasury."
Resignation of Mr. Hawley.— Edwin Hawley has sent in
his written resignation as a director of the Southern Pacific
Co. and also of the Pacifio Mail Steamship Co.— V. 78, p. 2443.
Terminal Railroad Association of St. Louis.— Bonds.—
The New York Stock Exchange has been requested to list
$18,000,000 general mortgage refunding bonds of 1953. These
are the bonds taken by the Morgan syndicate, which was recently reported as dissolved, the bonds having been sold. V.
—
78, p. 2443, 1908.
Third Avenue RR., New York City.— Resumption of Dividends,— See Metropolitan Street Ry. above.— V. 78, p. 2386,
2836.
Toledo Railway
& Terminal Co.— New Tenant.— With
respect to recent rumors, President Thomas H. Tracy is
quoted as follows:
The only thing that can be said at present is that intimate relations
have been established between this company and theClnoinnati Hamilton & Dayton Ry. Co. and the Pere Marquette, boh of whloh will
make extensive use of the property of the Terminal Company. Under
this arrangement the lnoome of the Terminal Company is absolutely
assured, so that It will be able from earnings to meet all operating ez,
peases and fixed charges, including Interest, and have a substantial
surplus for tbe betterment of Its property and for application upon
dividends. Thera is no ohange whatever in the stock ownership of
the Terminal, wbioh will remain, as heretofore, an independent oompaay. The new arrangement will not In any way interfere with existing arrangements with other railroads, nor prevent the fnrni hlng
of facilities to other roads. The C H. & D. and the Pere Marquette
will have representation upon the boara of dlreotors of the Terminal
Company, and the Terminal Company will have representation in the
board of dlreotors of the C. H. a D. and the Pere Mtrquette.
Toledo
Regarding tbe other tenants, see tbe Detroit
Shore Line RR. above. AIbo compare V. 78, p. 2443.
&
——
—
June
— ——
—
:
THE CHRONICLE.
25, 1904. J
2601
—
Canada Woolen Mills.— Liquidation— Judicial Sale.
Pursuant to the order of the High Court of Justice, sealed
tenders will be received by J. S. Cartwright, referee, at
Oigoode Hall, Toronto, up to June 38, for tne purchase of the
Union Pacific KB. Preferred Stock Issue by Southern
Pacific Co.- S»-e that company above.
Interest in North Shore RR. of California. See that company above.-V. 78, p. 3443, 1393.
—
Wabash RR.— No Dividend on Debenture "A" Bonds.— following properties
Woolen mill at Hsspeler, Waterloo bounty; woolen
Owing to the extraordinary expenditures in preparation for loo,
Waterloo Counry; GUllee Woolen Mill ati'arleton
:
mill at WaterPiaee, Lanark
Mill at Oarleton Place; site of woolen
the increased traffic to and from the St. Louis Exposition and
the high prices for materials and labor, the company's rorplna earnings of the half-year available for debenture interest are, it is announced, too small to warrant distribution.
The director* therefore voted on Thursday to omit the 3 p. c.
semi-annual divided which since January, 1900, has been
paid regularly on the $8,500,000 debenture "A" (oon-cumula
President Ramsey is quoted as saying
tive income) bonds.
The debenture "A" bonds are mostly held In a few bands, and It was
decided to be wiser under the •lroumstanoes to take no action on the
dividend at this time. Oar May report shows the first decrease In
xroes earmlngs that the Wabash has shown In 82 months, bat we expect to get back to an Increased showing with the June statement.
Traffio has been picking up steadily, the lioreaie amounting to some
4 per cent la freight and to an extremely large percentage in passenger earnings, dae largely, »f coarse, to the Exposition traffic The
promise is for at least six months of good business.— V. 78, p. 2444,
Couaty; Hawthorne Waolen
mill at Lambton, York County.
W. D. Matthews, George Benson, W. D Long, R. Millichamp and N. J. Carter are the liquidating committee. The
liabilities are stated as about $430,0J0, assets $900,000 and
capital stock $438,000.
:
2389.
&
78, p. 1335, 989.
Wheeling & Lake Erie
Exchange has listed the
BB.— Listed.— The New York Stock
equipment sinking fund
5 per cent bonds of 19S3, and has authorized the listing of
an additional 8196.000 thereof whenever eold.
Earnings.— For the 8 months ending Feb. 39, 1904, earnings compared with previous fisoal years were:
Fiscal
190-2-8
$4,152,000
Other
income,
Interest,
taxes, etc.
$815, i64
$880,158
BaL, tur.
$125,106
$4,234,771 $1,001,709
943,220
3,537,012
b77,59i
2,954.105
2444, 2386.
$969,028
871,097
774,697
$44,058
$12,681
72,123
146,982
8 months—
iyea-4
Net.
Gross.
$2,049,942
years—
1901-2
liJOO-1
—V. 78, p.
Wisconsin Central By.— Listed.
— The New
Exchange has
oommon
listed the $11,367,300 preferred
stock.— V. 78, p. 8886, 3336.
York Stook
and $16,147,900
INDUSTRIAL. GAS AND MISCELLANEOUS.
—
American Sewer Pipe Co. Listed in Pittsburgh The
Pittsburgh Stock Exchange has listed this company's outstanding stock and bonds, The following facts were given out
The company was incorporated March 1, 1900, nnder the laws of
New Jersey. Number of plants, 36, located In Pennsylvania, Ohio,
West Vlrgl la, Indiana and Michigan. Capital stock $8,000,000, par
value $i0, the amount issued being $7,805,700. Bonds amoant to
$1,587,000 gold sinking fund, Issued March 1, 1900, payable Maroh I,
1920, Interest 6 per cent, aayable Maroh and September at Knickerbocker Trust Co., New York, trustee for the bonds. The transfer
agent Is the Registrar & Transfer Co., Jersey City, and ths registrar is
i
the Knickerbocker Trust 0». Offloereare: F. 8. Kondolf, Pre-ldent;
Held and R. M. Franoy, Vice-Presidents; W. B. Gouober,
George
Trras. and A-sl*t Sec; Thomas D. Brown, Sec. and Assist. Treaa
Frank N. Kondolf, General Manaeer. Directors: O O. Barber, W. D
Eddy, Harry Thorn p«of, R. M. Franoy, W. B. Franoy, George R. Hill,
B. Gonoher. 8. B. Gouoher. F. B Kondolf, TheoAivab Trowbn'lge,
Allison, T. D.
F. Danspaugh. T. J Evans, R.
dore Rhoads,
M
;
W
W
Brown. Corporate
Building,
W
offlc\ Jersey City,
Pittsburgh.
and main
offioe,
Bessemer
[Oompany incorporated as American Clay
list of plants compare V. 76, p. 482; for de-
Manufacturing Co.; for
scription of bonds see V. 70, p. 688.1
Ftr*t Dividend.— The company on Thursday declared its
first dividend, namely, 3 p. a, payable in quarterly instal
Compare V. 77, p.
ments of
p. c. each, beginning July 1.
^
1536, 1583.
American Steel Foundries. Stock Listed on Exchange
preferred and common stock, $15,500 000 of each,
were listed this week on the New York Stock Exchange.
—The
We
statement
print on pages 26J4 to 3606 the {official
in connection with the application to list the securities.
The statement includes a profit and loss account as of
April 30, 19' 4; also a balance sheet, and valuable information as to the nature of the company's business, the propThe personnel of the management has
erties owned, etc.
been materially changed. The new President is Mr. Charles
Miller, President of the Galena Oil Co. and President of the
First National Bank, Franklin, Pa., and former owner of
one of the constituent plants. George B, Laighton, the VicePrepident, is identified with another of the plants, the
ward Steel Co. AmoDg the directors are
Leighton &
Chane^ M. Schwab and E. H. Gary, of the United Spates
Steel Corporation; F. H. E<*ton, President of tne American
Car
Foundry Co.; E. B Thomas, President Lehigh Valley
RR.; W. C. Brown, Vice-President New York Central; Geo.
Co., and Rolla Wells,
L Pcabody, of Lee, Hlgginson
Mayor of St. Louis.— V. 78, p. 1500, 1445.
made
H
&
&
American Straw Board Co.— Called Bonds.— See United
Box Board & Paper Co. below.— V. 78, p. 766, 704.
Amoskeag Manufacturing Co., Manchester, N. II.
—
This company, in addition to the regular
semi-annual dividend of 5 p. c. paid regularly since 19X),
declared last week an extra dividend of 35 p. c, payable
Extra Dividend.
Aug.
each.
1.
Tne
An
capital stock
extra
is
$1,000,000 in shares of $1,000
p. c. was paid in 1900.—
dividend of 15
V. 70. p. 741.
fiooklovers' Library.— Consolidation.- -See
Corporation below.
—
—
—
—
pare V. 78,
Inn
p.
1112, 1117, 2887.
(George A.) Fnller Co.— Reduction of Capital Stock.—This
company has
filed a certificate reducing its authorized issue
of capital stock from $30,000,000, of which $15,000,000 is outstanding, to $3,000,000. The United Stat s Realty
Construction Co. on Oct. 1, 1903, owned $9,908,000 of the $10,0,000 common and $4,608,000 of the $5,000,000 preferred.—
V. 75, p, 500.
&
Harrisburg
(!'•.)
Foundry & Machine Co.— New Stock.—
This company, which was incorporated in Pennsylvania on
March 17, 1891, and which does a large business in the manufacture of steam rollers and engines for steam plants, has
called a meeting of its stockholders for July 14 to vote on a
proposition to increase the capital stock from $400,000 to
$500,000; par value of shares, $60; understood to have no
funded debt. The President is W. R. Fleming; Secretary
and Treasurer, David Fleming Jr.
General Railway Signal Co.— Consolidation. This compnny was incorporated at Albany on June 13 with $%000,000
of authorized capital stock, of which $<J,000,000 is 6 p. c.
enmuative and preferred, both as to assets and dividends,
as a combination of the Taylor Signal Co. of Buffalo (V. 75,
p. 1408) and the Pneumatic Signal Co. of Rochester (V. 74,
The Buffalo Company devoted itself exclusively to
p. 888).
the manufacturing of electric signals, and tbe Rochester concern to the manufacture of pneumatic and mechanical signals. The former had outstanding $200,000 of 6 p. c. bonds
—
and $800,000 of capital stock; the latter $400,000 6 p. c. bonds
and $3,737,600 of capital stock. The new company will issue
its entire authorized issue of stock (par of shares $100) and
have $75'), 000 of new cash capital; "it will lst-ue no bonds
and will be free from all liability except to its stockholders.
The indebtedness of the constituent companies will be
paid off." Both plants will be operated as heretofore the
executive office will be in Baffalo. Directors and officers:
;
Chairman, John N. Beokley, President of Pneumatic signal Co.;
W Salmon, President Taylor Signal Co First VloePrea Frederiok W. Ooofc; Seoond Vloe-Pres. and Treasurer, Georsre
D Morgan; Third Vloe-Pres.. T A. Smyth; 8eoretary, Glarenoe H.
Little Dlreotors: George W Archer, William Baueoh, John N Beokley,
A H. Harri* Eucene H Satterlee, Ben). £ Ch«ee, Frederlok Cook
and Thos W. Finuoane of Rochester, and O. W. G odyear, H. O. Harrewer, ADdrew Li»ni<;don, G. D. Morgan, W. W. Salmon, H. H. Llttell
and John J. MoWUltams of Buffalo.
Houston (Tex.) Oil Co.— Receiv: rV Certificates Authorized.
Judge Burns at Galveston on June 15 authorized the receivers to issne receivers' certificates to provile for the payment of the interest due Feb. 1 ($204,754) on the $6,825,136
President. W.
,
—
Tabard
—
—
Ry., Boston.—The $300,000 four per cent
bonds of 1933, issued to refund Middlesex RR. bonds which
Co.
mature July 1 have been awarded to Blodget, Merritt
West End Street
—V.
Central Realty, Bond & Trust Co., New York.— Dividend,
A semi-annual dividend of 6 p. c. has been declared
payable July 1 to stockholders of record on June 30. The
shareholders voted on March 11 to reduce the capital stock
from $3,000,000 to $1,000,000. Tbe old certificates were accordingly retired and new certificates issued for half the
amount, tbe par value of shares remaining $100. On April 1
a cash dividend of $400 per share was distributed on the reduced capital stock. Office, 59 Liberty St.-V. 78, p. 833.
Chlrkies (Pa ) Iron Co. Sold. This company's plant at
Chlckies, near Lancaster, Pa., including a blast furnace, sawmill and dwellings, were bid in at the sale on June 4 by
W. U. Hensel for $5,000, subject to the mortgage of $100,000.
—Compare V. 78, p. 1909.
Danville Bessemer Co. Suit Dismissed. The suit of oertain stockholders to recover $375,000 promoters' profits was
recently dismissed by the Court on the ground of non- jurisdiction. Compare V. 77, p. 3283.
Detroit (Mien.) City Gas Co.— Listed. —The New York
Stock Exchange has listed $174,500 additional capital stock,
making the amount listed to date $5,000,000.— V. 78, p. 833.
Detroit Edison Co. —Bonds. The company has sold $375,000 bonds to provide for the completion of the plant now
being erected at Delray. V. 77, p. 3037.
Dominion Coal Co. No Dtvitend on Common Stock at
Present. The directors on June 31 decided to defer the consideration of a dividend payment on the common stock until
the results for the entire year 1904 are at hand. The semiannual statement was leas favorable than anticipated, owing
to the extremely severe winter, which increased expenses and
Interfered more or lees with tne mining and shipping of coal.
A better showing is hoped for from the year as a whole. The
floating debt was also a consideration. The o-ual preferred
dividend was declared. The "Boston News Bureau" says:
President Rose has had under consideration for some time the retirement of tbe $1,000,000 8 p. o. preferred stook and the refunding of
tba $2,671,000 bonds Into a new Issue of bonds, so that there would
be but two classes of securities ou the property— low rate bonds and
oommon stock. When Mr. Ross went abroad last winter, he took this
matter up wlih Baring Bros. 6 Co., London, who agreed to purchase
$8,000,000 of bonds when Mr. Boss was ready; but lc was part of the
agreement that no dividends would be declare 1 in the Interim. ComEtc.
;
—
—
THE CHRONICLE.
i»60:>
of outstanding " Timber Certificate?, "' with interest on overdue interest, in so far a<? the fun<is needei for these payments phall not be met from the funds to be received from
Kirby Lumber Co. The Court also ordered that the moneys
($4 per 1.C00 feet) aocruing from stumpage and payable
bv the receivers of the Kirby Lumber Co. for February,
March, April and May, 1904, as below, shall be used for
the payment of said interest due Feb. 1, 1904, or the receivere'certificates issued on account of the same, viz.:
AMOUNTS DUE FROM KIBBT LUMBBB CO. FOB TIMBER CUT.
Payable.
Amount.
Month cut.
Stumpage
17,565. z07 feet
16,199,382 "
|
property, together with
Vol. lxxviil
unrestricted 50-year franchise for
city, was recently purchased by J. F. Strickland and associates of Dallas, Cleburne,
Waxahachie and Hillsboro. Tb»se parties on June 1. 1904,
Electric Co
organized the Sherman Gas
authorized capital stock, $200,000, and will immediately begin the erection
of a modern power and heating plant. Stock outstanding,
$100,000; par of shares, $1G0. First mortgage bonds authorized, $100,000; none issued.
President, J. F. Strickland,
Dallas; Secretary and Treasurer, W. C. Ross, Dallas; General Manager, R. B. Stichter.
light,
<»n
powpr and steam heat from the
&
,
—
( The) Tabard 1 n u Corporation. —Consolidation.
This company has been organized under the laws of New Jersey with
April
16,156.088 "
Sept. 16, 1904 $12,500,000 authorized capital stock, of which $5,500,000 is
May
16,261,417 "
preferred (6 per cent cumulative) and $7,000,000 is common
$260,688 ($4 per M feet)
65.172,094 feet
stock. The par value of preferred and common shares is ten
The receivers' certificates are to be payable on or before dollars. The shareholders of the consolidating companies—
Nov. 16, 1904. The authorization was approved by the The Booklovers' Library, the Library Publishing Company,
Maryland Trust Co., trustee, and Edwards Whitaker in be- the Philadelphia Bookstore Company and The Tabard Inn
half of the Bache stockholders' oommittee and was opposed Company— will receive shares of The Tabard Inn Corporabv George W. Yonng representing holders of " Timber Cer- tion in exchange for shares of the consolidating companies.
Mr. Young has appealed from This exchange will absorb $4,449,290 of the preferred stock
tificates" (see V. 78, p. 1500.)
and $4,900,620 of the common stock of The Tabard Inn Corthe Court's ruling allowing the issue. V. 78, p. 2445, 1785.
poration. In addition, the
board of directors has just
E.
Gay
Earnings.—
H.
Power
Water
Co.—
River
Hudson
authorized
the
sale
of
shares
of the preferred stocu at
25,000
& Co. report the earnings of this company and its subsidiary par. This offer carries a bonus of common
stock, and is open
as
ending
June
months
1904,
eight
1,
companies for the
only to shareholders of the consolidating companies.
$298,595, not including any revenue from the contracts for
The "Philadelphia Record" says:
lighting the cities of Albany and Troy.— V. 78, p. 1277, 231.
Under the terms of the proposed consolidation, shareholders in the
Lake Steamerg.— Duration of Strike.—The strike on the Booklovers' Library will reoeive stock of the new corporation at the
Great Lakes, which was declared off last week, began about rate of one and one- quarter shares of preferred a took and one. and
May 1, and therefore lasted approximately six weeks.— V. 78, three-quarter shares of common for each share [par $10]; shareholders
February
March
$70,261
64,797
64,624
61,006
June
16,
1904
July 16, 1904
Aug. 16. 1904
Library Publishing Co. will receive one share of preferred
stook and one-half share of common stook for eaoh share of preferred
stook, while the holders of common stock will get one-half share of
preferred stock and one share of oommon stnok for eaoh share;
shareholders In the Philadelphia Bookstore Oo. will reoeive two shares
of preferred stook and one of oommon stook for eaoh share; shareholders In The Tabard Inn Oo. will reoeive one share of preferred
stock and one-half share of oommon stook for eaoh share.
In the
p. 2445, 2015.
Lanston Monotype Machine Co.— Large Order for Government Printing Office.— It was announced in Washington
on June 18 that 46 Mergenthaler and 28 Lanston type-setting
machines had been ordered for the Government Printing
Office, the price for the former being $3,600 each and for the
The officers of the new company are: President, Seymour
latter $3,150.
Compare Mergenthaler report in V. 77, p.
Eaton;
Treasurer, John E. Bryant, arjd Secretary, Frederic
1744, and Lanston report in last week's Chronicle, p. 2439.
Speirs. Executive offices, No. 1,323 Walnut St., Phila.
W.
Louisville Gas Co Guaranty.— Judge Paynter, in the JefTaylor Signal Co., Buffalo.— Consolidation. See General
ferson Chancery Court, First Division, oa June 17, affirmed
Railway
Signal Co. above.—V, 75, p. 1403.
the
holding
that
of
Samuel
B.
Kirby,
Judge
the decision
United Box Board & Paper Co.— Called Bonds.— First
company has the right to guarantee the payment of principal
and interest of Louisville Lighting Co, bonds whioh it has mortgage 6 p. c. gold bonds, issued in 1891 by the American
Straw Board Co., to the amount of $54,000, will be paid at
agreed to sell. See V. 78, p. 2387.
par and interest at the International Trust Co., Boston, on
Mergenthaler Linotype Co.— Large Government Order.— July 1.
See Lanston Monotype above, V. 77, p. 2283.
Fire Loss.— The loss sustained through the total destrucMilwaukee (Wis.) Gas Light Co.— Price of Gas Reduced. tion of the plant at Whippany, N. J,, by fire on May 21, it is
The price of illuminating gas, at present $1 net for 1,000 stated, will not exceed $100,000, and is largely oovered by incubic feet, will, it is announced, be reduced on July 1 ac- surance.
cording to the following schedule:
recomReadjustment Prospects. The reorganization
For any amount above 1,000 cubic feet and up to 35,000 cubic feet mended by President Barber will probably, it is said, be deused during any month through any one meter, a rate of 90 cents net
ferred until the fall or later, in order to permit a return of
per 1,000 oublo feet. For all additional consumption over 85,000
the
earnings to a more normal basis.
V. 78, p. 1913, 828.
same
month
same
oubio feet used during the
through the
meter, a
rate of 80 cents net per 1,000 oublo feet. The rate for fuel purposes
United Fruit Co.— Circular.— President Andrew W. Preswill remain the same as at present.— V. 74, p. 1359.
ton, in a circular to the stockholders, says in substance:
Planters' Compress Co.— New President.— Robert C.
Tour directors on June 14 voted to make a further Issue of approxiCairnes, manager of the cotton department, has been elected mately 20,000 shares of oapital stock, to whioh issae it is your priviPresident, succeeding A. B. Marsh, resigned. A director says: lege to subsorlbe at par at the ratio of 1*3 new shares for eaoh 10
shares now neld by you. Owing to the opportunity for conversion
The company has a cash surplus of over $200,000 In the bank, and into stock attached to our outstanding convertible bonds, it is imposwith economies that have been Instituted Is doing business at a profit. sible to fix the exact amount of the new issue, but in the event of all
A larger number of compresses will be turned out this year than the outstanding bonds being presented for conversion prior to June
last, and there is no necessity for any ohange in the company.— V.
30 the maximum of the new issue would be 24.150 shares, thus in-
—
—
—
—
76, p. 814.
creasing our outstanding oapital stook to 187,099 shares (918,709,-
—
900), without preference or other fixed liability and with a surplus
Pneumatic Signal Co., Rochester.— Consolidation. See of
rising $3,500,000.
General Railway Signal Co.— V. 74, p. 888.
The proceeds of this Issue will be used to provide increased working
oapital, including what may be neoessary to Increase the supply of
Qaincy Granite Quarries Co. Sale— At the foreclosure the type of frnlt wholly controlled
by this company, the urgent desale on June 18 the properties of the company were bid mand for whioh lnoreases eaoh year. To our outlays in the past in
in for the
p. 2446.
reorganization committee for $75,000.— V. 78,
Racine (Wis.) Gas Light Co.— Bonds Offered.—The Mil(the mortgage trustee) is offering at 101
and interest a blook of the first mortgage 5 per cent gold
bonds of $1,000 each. These bonds are dated Jan. 2, 1900,
and are due Jan. 2, 1930. Authorized iesne, $1,000,000; outstanding, $700,000; interest payable Jan. 2 and July 2. An
waukee Trust Co.
advertisement says:
These bonds are seoured by a first mortgage on all the property,
Raolne Gas Light Co., organized under
a special charter (Ohap. 536, Private Laws of Wisconsin, approved
April 12, 1866), for manufacturing and furnishing gas to the city
of Raolne. Wis., for all purposes, such charter being perpetual and exclusive. The company has 42 miles of pipe line and 7,000 meters set
Net earnings, 1901, $48,646; 1902, $73,219; 1903, $81,087. Oflioers
and directors: John I. Beggs, President; F. G. Blgelow, Treasurer; E.
G. Oowdery, Henry G. Payne. Oharlas F. Pflster.— V, 70, p. 433.
Reese- Hammond Fire Brick Co., Inc.— Reorganized Company.—This company has been incorporated in Pennsylvania
with nominal ($5,000) capital stock as successor, it is understood, of the Reese- Hammond Fire Brick Co., per plan in
Chronicle V. 78, p. 1227. Treasurer, James S. Beacom,
rights, franchises, etc, of the
this particular direction can be attributed a large part of the gratifying increase in net earnings the present season. We have been unable
to supply the demand either in America or England for this particular
type of fruit. The millions of people reached by our England connections will demand in a few years a quantity that will oompare
favorably with the 26,000,000 bnuohes of bananas now oonsumed by
the American public. It is only within two years that the expansion
of our business to ports in England has been made feasible. In order
to handle the business in England more advantageously, it has been
advisable to increase the present season the oapital of the English
company to £350,000.
Our policy of charging betterments to operating expenses renders
our financial statements most conservative, and justly entitles them
to your confidence. The physical condition of your plant, including
the sugar mill in Ouba, is most excellent. In connection with the
offer of new stook it seemed | consistent to anticipate your pertinent
inquiry as to what immediate cash return oonld be expected in this
form. Hence the aotlon of the board in adjusting the dividend rate to
a 7-per-oent basis. Our reoord for the past four and a half years
wonld seem to indicate our ability to pay satisfactory dividends and
to Increase our surplus in the same ratio, while maintaining the same
ooneervatlve policy of operations.
A syndicate headed by Jackson & Curtis of Boston has
underwritten the $2,000,000 new stock at par less a commis-
/
sion reported as 2 l 2 p. c.
Compare V.
78, p. 2446.
United Gas Improvement Co., Philadelphia.— Conditions
Proposed Guaranty.— See Connecticut Railway A; Lightof
Greensburg, Pa.— V. 78, p. 1227.
ing Co. under "Railroads" above.— V. 78, p. 1553, 1279.
Seattle (Wash.) Lighting Co.— Bonds Offered.— N. W.
United States Finishing Co.— Successor Company.—This
Harris & Co. are offering $950,000 of the first mortgage 5 p.o. company
has been incorporated in Conneoticut with an
gold bonds at par and interest. Compare V. 78, p. 1553.
authorized oapital of $3,600,000, of which $2,600,000 is 7 p. c.
Sherman (Tex.) Gas & Electric Co.— New Company.— The cumulative preferred stock (par of shares $100), in accordSherman Oil & Cotton Co. separated its electric light and ance with the plan in V. 78, p. 2015.
power business from its other interests and inoorporated same
under name of Sherman Light & Power Co,, all of whose
ty Investment Newa Concluded on Pace 2606.
June
THE CHRONICLE.
25, 1904.
ijjUptfrls
auxl
2603
Qotxxmmis.
THE NORTH AMERICAN COMPANY.
FOURTEENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING MAY
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 May 31, 1904, together with the financial statements of the Treasurer.
Treasurer's Statements.
valuations.
The securities and assets of the Company have been revalued as of May 31, 1904, in accordance with the precedents of the last two years.
STOCKS.
^
With unimportant exceptions, the stocks held are those
of street railway, electric light and gas companies, whose
management and general policy are under the supervision
of The North American Company.
BONDS.
The Bonds held are
First Mortgage
Bonds
of
electric
light properties.
LOANS.
These are amply secured.
ACCOUNTS RECEIVABLE.
31,
1904.
"ties of a profitable and rapid expansion of gas sales in
"St. Louis, especially for fuel and industrial uses, are very
"great, perhaps relatively greater than in any other im"portant city of the United States."
The management was assumed on April 16, 1903. Dur-
ing the fourteen months, that have since elapsed, the
growth of the business has confirmed this belief.
Sales of gas in 1903 increased 17.11 per cent, as compared
with 1902, and, for the first four months of 1904, 24.66 per
cent., as compared with the corresponding months of 1903.
The increase in new gas-consuming appliances installed in
1903 over those installed in 1902 was 292.87 per cent, and
in the first five months of 1904, over the corresponding
months of 1903, has been 117.83 per cent.
An extraordinary amount of work has already been accomplished in extending and improving the plants and
distributing system of the Company and in perfecting the
service, and comprehensive plans have been carefully matured and are being carried into execution, for further development to the full extent required to meet the needs
of the entire city.
Adequate financial provision has been made, on terms
considered highly satisfactory, to meet the construction
requirements of the Company for a series of years without
unduly trenching upon its net earnings.
UNION ELECTRIC LIGHT AND TOWER COMPANY,
ST.
LOUIS.
These embrace current accounts with constituent comIn the last annual report reference was made to the purpanies and accounts for interest accrued on loans a*nd daily chase of the Missouri Edison Electric Company, of St.
cash balances.
Louis, and to the proposed consolidation of that Company
During the past fiscal year the Company has concluded with the Union Electric Light and Power Company. This
and dissolved the Syndicates, of which it was Manager, was accomplished in September last, under the last-mensole or joint, with the exception of the "United States tioned name.
Shipbuilding Company Securities Syndicate," and, in order
The new generating station of the Consolidated Comto close the accounts of "Syndicate Subscriptions," and pany is nearing completion.
It's initial capacity as orig"Stocks Receivable," which appeared in the balance sheet inally planned was approximately 16,000 horse power. The
of May 31, 1903, the entire interest of the Company in acquisition of the Missouri Edison Company and the asthat Syndicate, as then valued, together with the amounts sured increase of business have made it necessary to ensince paid in full settlement of its liability, have been large the generating capacity to approximately 35,000 horse
deducted from the income account for the year. The re- power as rapidly as the equipment can be delivered. A
organization of the Shipbuilding Company will be com- contract has been entered into with the St. Louis Transit
pleted during the next two or three months, and as the full Company and United Railways Company of St. Louis, for
amount of The North American Company's liability to ten years from May 1, 1904, for the continuous supply of
the Syndicate has been paid, any dividends received by it 9,000 kilowatts of electric energy. This contract alone will
upon the dissolving of the Syndicate and the value of the add about $600,000 a year to the Gross Income of the
new securities of the reorganized company, pertaining to Union Company.
In addition to the growth of business from miscellaneits subscription, when such value is established, will appear as profit in succeeding statements.
ous consumers, a great accession is confidently expected
to result from the displacement of isolated plants and the
DIVIDENDS.
sale of power to industrial establishments.
Company,
At a meeting of the Board of Directors of the
held on January 26 last, after a review of the operations THE MILWAUKEE ELECTRIC RAILWAY AND LIGHT COMPANY.
MILWAUKEE LIGHT, HEAT AND TRACTION COMPANY.
of its constituent companies, it was decided to increase
the dividend rate from four to five per cent. A dividend
The development of these Companies during the past
of five per cent, was then declared, payable in quarterly
year
has steadily proceeded in pursuance of the carefully
installments of one and one-quarter per cent., on the first
plans and policy, which have been described in
matured
days of March, June, September and December, 1904.
the reports of several years last past. Their earnings and
The "Income Account" for the fiscal year shows a credit the conduct of their business continue to be eminently satbalance of $1,165,213.21, which has been carried to "Unisfactory.
After charging $756,000, dividivided Profits Account."
THE DETROIT EDISON COMPANY.
dends paid and accrued, the "Undivided Profits," as of
the
for
It is expected /hat the new generating station of this
May 31, 1904, stand at $1,739,353.15, an increase
Company, equipped exclusively with turbines, will be so
year of $409,213.21.
far completed as to begin the delivery of current in July
CONTINGENT LIABILITIES.
or early August, and that in the coming autumn the operaIn the last annual statement of the Treasurer, reference tion of the old plants can be discontinued.
was made to certain "contingent liabilities" under "SynA larger acquaintance with the opportunities for the
dicate subscription contracts and under contracts for the expansion of business in Detroit, acquired since the purThese liabilities have all chase of the electric properties there in the autumn of
purchase of securities, etc."
been fully paid and discharged, and the Company is free 1902, has fully confirmed the estimates then made. Plans
from such engagements.
have been broadly laid for the comprehensive and rapid
development of the entire field, both in the city and in the
NEW UNDERTAKINGS.
surrounding territory. Here, as in St. Louis, special atIn view of the financial disturbance and commercial
tention will be given to the sale of power for industrial purdepression, which have prevailed during the past fiscal
poses.
year, it has been thought best not to initiate new underOTHER COMPANIES.
conmainly
is
therefore,
year,
the
takings. The record of
the
In respect to the other Companies, in which The North
cerned with the development of the interests, which
Company had acquired prior to May 31, 1903. A brief American Company is an investor, as well as those specifically referred to above, the past year has been prosperreference to this development follows.
THE LACLEDE GAS LIGHT COMPANY.
of
In the last annual report, referring to the purchase
This
said
was
it
a controlling interest in this Company,
"purchase * * * * was made in the belief that the possibili-
ous.
FISCAL YEAR.
The fiscal year of
American Company
all
is
the companies, in which The North
interested, coincides with the cal-
THE CHRONICLE.
2(i04
[Vol. lxxvih.
Balance Sheet (Condensed) Mat 31, 1904.
endar year, and it is recommended that the fiscal year of
.ASSGtS
the Company, which now ends on May 31, should also be
Stocks
$17,903,972.09
made coincident with the calendar year.
Bonds
183,579.16
By order of the Board of Directors.
Loans
136,276.84
Accounts Receivable
177,454.48
C. W. Wetmobe, President.
Office Furniture and Miscellaneous Property..
2.00
Cash
622,241.28
Newark, N. J., June 15, 1904.
.'
.
.
$18,923,525.76
Liabilities.
Income Accoont for the Fiscal Year Emding Mat
Salaries, Legal Expenses, Net Rentals and all
other expenses of Administration
Taxes
Balance
t»
Undivided Profits Account.
Interest received and accrued
Dividends received
Commissions and compensations for services.
Other profits
Net increase in the value of Assets as readjust.
ed
May
31,
.
31, 1901.
$77,870.20
4,490.05
1,165,213.21
$1,247,573.46
1,
1904
$546,000.00
210,000.00
$756,000.00
1,739,353.15
Balance as per Balance Sheet
$2 495 353.15
Balance of May 31, 1903
Net earnings for the Fiscal Year ending
31.
1904
May
Accrued (due June
1,
$l,'330,'l39!94
1,165,213.21
$2,495,353.15
1904)
$965.50
210,000.00
—
Deposits Funds of constituent Companies....
Undivided Profits
$1,247,573.46
$29,879.80
792,995.97
59,377.50
1,399.00
Undivided Profits Account.
Dividends paid
Dividends accrued, due June
$16,800, 000. ••
Due and unclaimed
363,921.19
1904
Capital Stock
Dividends:
210.965.S*
173,207.11
1,789,353.16
$18,923,525.76
Geobge R. Sheldon, Treasurer.
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 of the Company, either by actual inspection
or by certificates from the depositaries thereof.
Accepting the valuations of the Assets as made by the
Board of Directors, we hereby certify that the Income Ac*
count is correct, and that the Balance Sheet, in our opinion, represents the true financial condition of the Company,
as of May 31, 1904.
Jones, Caesab & Co.
54 William Street, New York.
June 15, 1904.
AMERICAN STEEL FOUNDRIES.
APPLICATION TO
NEW YORK STOCK EXCHANGE TO
LIST
THE PREFERRED AND COMMON STOCK.
New York, June 15, 1904.
purposes, objects or operations above indicated, or owning
The American Steel Foundries hereby applies to the or holding any property of any kind herein mentioned; or
Committee on Stock List to have listed on the Exchange the of any corporation owning or holding the stocks or the
following securities issued by it:
obligations of any such corporation.
(a) 155,000 shares of the par value of $100 each of its Six
To hold for investment or otherwise to use, sell or dispose
per Cent. Cumulative Preferred Stock, aggregating $15,500,- of any stock, bonds or other obligations of any such other
000 par value.
corporation; to aid in any manner any corporation whose
155,000 shares of the par value of $100 each of its
Stock, aggregating $15,500,000.
The American Steel Foundries was organized under the
laws of the State of New Jersey on June 26, 1902. It is
provided among other things in its Certificate of Incorporation as follows:
III. The objects for which the corporation is formed are:
To manufacture iron, steel, manganese, coke, copper, lumber and other materials, and all or any articles consisting
or partly consisting of iron, steel, copper, wood or other
materials, and all or any products thereof.
To acquire, own, lease, occupy, use or develop any lands
containing coal or iron, manganese, stone or other ores or
oil, and any wood lands or other lands for any purpose of
(b)
Common
the Company.
To mine or otherwise to extract or remove coal, ores,
stone and other minerals and timber from any lands owned,
acquired, leased or occupied by the Company or from any
other lands.
To buy and sell or otherwise to deal or to traffic in iron,
steel, manganese, copper, stone, ores, coal, coke, wood, lumber and other materials, and any of the products thereof,
and any articles consisting or partly consisting thereof.
To construct bridges, buildings, machinery, ships, boats,
engines, cars and other equipment, railroads, docks, slips,
elevators, water works, gas works and electric works, viaducts, aqueducts, canals and other water ways and any
other means of transportation, and to sell the same or
otherwise to dispose thereof or to maintain and operate
the same, except that the Company shall not maintain or
operate any railroad or canal in the State of New Jersey.
To apply for, obtain, register, purchase, lease or otherwise to acquire and to hold, use, own, operate and introduce, and to sell, assign or otherwise to dispose of any
trade marks, trade names, patents, inventions, improvements and processes used in connection with or secured
under letters patent of the United States or elsewhere, or
otherwise; and to use, exercise, develop, grant licenses in
respect of or otherwise to turn to account any such trade
marks, patents, licenses, processes and the like, or any such
property or rights.
To engage in any other manufacturing, mining, construction or transportation business of any kind or character
whatsoever, and to that end to acquire, hold, own and dispose of any and all property, assets, stocks, bonds and
rights of any and every kind; but not to engage in any
business hereunder which shall require the exorcise of the
right of eminent domain within the State of New Jersey.
To acquire by purchase, subscription or otherwise, and
to hold or dispose of stocks, bonds or any other obligations
of any corporations formed for or then or therefor engaged
In or pursuing any one or more of the kinds of business,
stock,
bonds or other obligations are held or are in any
to do any other
manner guaranteed by the Company, and
or things for the preservation, protection, improveof the value of any such stock, bonds
or other obligations, or to do any act or things designed for
any such purpose; and while owner of any such stock,
bonds or other obligations, to exercise all the rights, powers
and privileges of ownership thereof, and to exercise any
and all voting power thereon.
IV. The total authorized Capital Stock of the corporation
is $40,000,000, divided into 400,000 shares of the par value of
$100 each. Of such total authorized Capital Stock, 200,000
shares, amounting to $20,000,000, shall be Preferred Stock,
and 200,000 shares, amounting to $20,000,000, shall be Common Stock.
The holders of the Preferred Stock shall be entitled to
receive when and as declared from the surplus or net
profits of the corporation yearly dividends at the rate of
Six per Centum per annum and no more, payable quarterly
on dates to be fixed by the by-laws. The dividends on the
Preferred Stock shall be cumulative, and shall be payable
before any dividend on the Common Stock shall be paid or
set apart, so that if in any year dividends amounting to
Six per Cent, shall not have been paid thereon, the deficiency shall be payable before any dividends shall be paid
upon or set apart for the Common Stock.
Whenever all cumulative dividends on the Preferred
Stock for all previous years shall have been declared and
shall have become payable, and the accrued quarterly installments for the current year shall have been declared,
and the Company shall have paid such cumulative dividends for previous years and such accrued quarterly installments or shall set aside from its surplus or net profits
a sum sufficient for the payment thereof, the Board of Directors may declare dividends on the Common Stock, payable then or thereafter, out of any remaining surplus or
net profits.
In the event of any liquidation or dissolution or winding
up (whether voluntary or involuntary) of the corporation,
the holders of the Preferred Stock shall be entitled to be
paid in full both the par amount of their shares and the
unpaid dividends accrued thereon before any amount shall
bo paid to the holders of the Common Stock; and after the
payment to the holders of the Preferred Stock of its par
value and the unpaid accrued dividends thereon, the remaining assets and funds shall be divided and paid to
the holders of the Common Stock according to their respective shares.
The Board of Directors, by the affirmative vote of a
majority of the whole Board, may appoint from the Directors an Executive Committee, of which a majority shall constitute a quorum; and to such extent as shall be provided
acts
ment or enhancement
June
25, 1904.
THE CHRONICLE.
|
in the by-laws such Committee shall have and may exercise all or any of the powers of the Board of Directors, including power to cause the seal of the corporation to be
affixed to all papers that may require it.
The Board of Directors, by the affirmative vote of a
majority of the whole Board, may appoint any other stand-
ing Committees, and such standing Committees shall have
and may exercise such powers as shall be conferred or
authorized by the by-laws.
With the assent in writing or pursuant to the vote of
two-thirds of the Capital Stock Issued and outstanding, the
Directors shall have power and authority to sell, assign,
transfer, convey or otherwise dispose of the property and
assets of this corporation as an entirety on such terms and
conditions as the Directors shall deem just and expedient.
The duration of the Corporation Is perpetual.
The American Steel Foundries is an original organization and owns the following properties:
PLANT OF THE SARGENT COMPANY.
The property of this Company is located in Chicago, 111.,
consisting of 3 1-6 acres, divided into 44 city lots. Has 5
principal buildings with minor buildings in connection.
PLANT OF RELIANCE STEEL CASTING COMPANY,
LIMITED.
Plant situated at Pittsburg, Pa. Real estate contains
The buildings are:
about 6,000 square feet, all leased.
main foundry, machine and other buildings.
PLANT OF FRANKLIN STEEL CASTING COMPANY.
Plant located at Franklin, Pa. Consists of real estate
owned, about 16 acres, with buildings suitable for business.
PLANT OF LEIGHTON & HOWARD STEEL COMPANY.
These works are situated in the eastern outskirts of East
Louis, 111., and consist of about 15 acres, with buildings
Plant has direct consuitable for conducting business.
nections with V. & C. Belt Railway and Terminal Railway.
St.
PLANT OF AMERICAN STEEL FOUNDRY COMPANY.
This plant is situated at Granite City, 111., and comprises
of about 24^ acres, with buildings suitable for the
conducting of business of the Company.
an area
THURLOW PLANT.
Located at Chester, Thurlow Station, Pa. This plant
manufactures steel castings of every kind, although in the
main heavy governmental work castings, parts of battleships of every description, wheel centres and all railway
Maximum capacity approximately
steel casting supplies.
12,000 tons a year.
ALLIANCE PLANT.
Situated at Alliance, Stark County, Ohio, and comprises
The character of the castings made at
8 2-10 acres.
this plant consist principally of railroad castings, such as
•ouplers, draw bars and bolster, and its capacity is about
12,090 tons per year.
about
SHARON PLANT.
Located at Sharon, Pa. The character of the castings
comprise steel castings of every description, wheel centres
and all railway steel casting supplies. Maximum capacity
approximately 6,000 tons a year.
The last three plants being formerly the property of the
American Steel Castings Company.
The American Steel Castings Company also owned a
plant at Norristown, Pa., which was on June 1, 1903, leased
for a term of five years to the Reconstructed Granite Company at a yearly rental of $3,000, and the said property
thereafter conveyed to American Steel Foundries subject to
All the above property formerly belonging to the American Steel Castings Company is subject to a Mortgage to
the Guaranty Trust Company of New York, Trustee, dated
November 1, 1897, securing bonds in the aggregate sum of
November,
$471,000. Said bonds mature on the first day of
Cent, per
per
Five
1912, and bear interest at the rate of
of bonds
amount
total
The
annum, payable semi-annually.
but
$490,000,
originally
was
Mortgage
this
issued under
cancelled
and
subsequently $19,000 of them were taken up
of
and there is now outstanding as above stated, $471,000
said bonds.
belonging
All the plants and properties above stated as
stated,
above
as
to the American Steel Foundries, except
encumand
liens
all
from
are owned by it free and clear
brances of every kind and nature whatsoever.
shares
The Company is the holder and owner of all the
achas
it
plants
whose
of the stock of all the companies
title.
of
muniments
as
quired the shares being held
or tne
The following resolution was adopted at a meeting meeta.
at
and
Executive Committee held November 5, 1902,
1902:
ing of the Board of Directors held November 18,
heretime
any
at
not
shall
Resolved, That this Company
of
Stock
Capital
after sell or dispose of its interest in the
2605
any company heretofore asquired by this Company, and on
account of which this Company has issued its shares of
stock, except with the consent and approval of the majority
of the Stockholders of this Company, in writing, or at a
meeting of the Stockholders called for that purpose.
Resolved, Further, that this Company shall not use or
apply its surplus or accumulated profits in dealing in ita
own Capital Stock; provided, however, that the surplus
or accumulated profits may be used in the purchase of its
own Capital Stock for retirement; in which event such
purchased Capital Stock shall be cancelled and surrendered.
Resolved, Further, that the officer of this Company signing the application to the New York Stock Exchange for
listing its securities shall be and is hereby authorized on
behalf of the Company to incorporate in such application
for listing and as one of the considerations for such listing
the resolutions hereinabove set forth.
The American Steel Foundries hereby agrees that it will
make annual reports and statements in accordance with
the suggestions and requirements of the New York Stock
Exchange.
The American Steel Foundries agrees that it will not
dispose of any of its stated interests in the constituent
companies hereinbefore mentioned except on direct authorization of its Stockholders.
By recent amendments to the By-laws it is provided
among other things that the annual meeting of the Stockholders of the Company shall be held on the first Tuesday
of October in each year after 1903; that regular meetings
of the Board of Directors shall be held quarterly, on the
first Thursday of April, July, October and January in each
year; that the Executive Committee should consist of eight
members, said Committee to possess, during the. intervals
between meetings of the Board, and may exercise, each
and all the powers of the Board of Directors in the management and direction of all the business affairs of the
Company; that the Officers of the Company shall be a
Chairman of the Board of Directors, a President, one or
more Vice-Presidents, a Secretary, one or more Assistant
Secretaries, a Treasurer, one or more Assistant Treasurers,
a General Counsel and a Comptroller, all of which Officers
shall be elected by the Board of Directors; that the Board
of Directors may declare dividends from the surplus or
net profits of the Company, the dates for the declaration
of dividends upon the Preferred Stock and upon the Common to be fixed by said By-laws for the regular quarterly
meetings of the Directors in April, July, October and January in each year, on which days the Directors in their
discretion shall declare what, if any, dividends shall be declared upon the Preferred and Common Stock, or either
of them, those on the preferred, if declared, to be severally
and respectively quarterly, on the first days of May,
August, November and February in each year; those on the
Common, if declared, to be severally and respectively payable on the 15th days of May, August, November and February in each year.
Application is now made to list 155,000 shares of the
Preferred Stock and 155,000 shares of the Common Stock
of the American Steel Foundries, all of which have been
issued.
The following is a Condensed Statement of Earnings of
the various companies certified to by the accountants,
taken from the annual report of the Stockholders for th«
year ending July
31, 1903:
AMERICAN STEEL FOUNDRIES AND CONSTITUENT
COMPANIES.
General Profit and Loss Account, Year hndikq July
31,
1903.
Earnings of constituent companies $2,193,878.9*
(Works, administration and selling' expenses deducted.)
Less Expended and provided for
renewals, relining, repairs and
432, 741. «4
maintenance
—
Net earnings of constituent companies
Other income:
Rentals (net)
S?'2!H2
21,534.99
Interest and exchange
$1,760,937.81
Total income
Administrative and head and district office expenses:
General office expenses, rentals,
nr>Hm ..„
salaries and legal expenses.. $208,122.06
$1,787,964.74
3,327.08
19.562.39
Tixos
Interest
on loans.
Net income
Interest on bonded debt to July
97 n?fi ax
27,026.88
31,
1903
Surplus available for dividends
231,011.53
$1,556,953.21
23,550.00
$1,533,403.21
AMERICAN STEEL FOUNDRIES.
Statement of Profit and Loss Account at April
Balance at July 31, 1903, per annual report
Less adjustments at January 31, 1904, by Audit Company of New York affecting period
prior to July 31, 1903
—
30, 1904.
$1,533,403.21
„„„„.„,,
123,554.97
$1,409,848.24
THE CHRONICLE.
260G
Brought forward
The Corporation Trust Company is the Transfer Agent
Company, and the Colonial Trust Company is the
$1,400,848,24
Gross earnings, July
31,
of the
1903, to April 30, 1904.
$604,458.63
(Works, administration
and selling expenses
Registrar of
•Less
— Expended
a n d
The
provided for renewals,
dent;
and
repairs
maintenance,
inventory and sundry adjustments
$414,945.42
$3,334.22
25,773.12
29,107.34
$444,052.76
salar-
expen-
ses
Interest on loans....
Interest on bonded debt,
1903, to April 30, 1904
$137,929.77
4,190.22
4,388.90
August
146,508.89
$297,543.87
31,
17,662.50
Balance carried to surplus account.
279,881.37
Surplus available for dividends
$1,689,729.61
The following is a copy of the
the Company as of January 31,
Audit Company of New York:
Interim. Balance Sheet of
1904, certified to by the
Assets.
$30,500,000.00
cluding $500,000 working capital contributed by vendor in
compliance with contract
$1,895,021.22
Less: Shrinkage and depreciation
of securities
233,807.55
to plant since
Investments:
August,
1,
1,661,213.67
Steel Bolster Co., (enshares of $100
each at cost
American Steel Foundries, (of
Missouri) (entire capital) 250
shares of $100 each
$500,000.00
15,000.00
13,421.51
p. 2446. 2019.
Co.,
556,421.51
Notes and bills receivable:
Car trust notes, less
interest paid in ad$266,543.56
21,386.19
Accounts receivable
Current
Old companies
less reserves:
$811,309.38
96,421.49
$287,929.75
material, finished and unfinished product, supplies, etc.
Cash on hand and
in
banks
551,921.53
610,026.67
Insurance paid in advance
Deferred charges to operations, etc
Liabilities.
Capital Stock:
United Water, Gas & Electric Co., Sedalia, Mo.— MortThis company, recently incorporated in Missouri with
$1,000,000 authorized oapital stock, has called a meeting of
its shareholders for Aug. 1 to vote upon a proposition to
make a mortgage securing $1,000,000 bonds. The consolidation, which will include the Sedalia Electric Light & Power
Co., Sedalia Water & Light Co. and the Railway & Electric
gage
—
Co. of Sedalia, will, we are informed, be consummated
shortly. The directors of the new company are Mose3 Ramsey, Lewis M. Rumsey Jr., Horaces. Rumaey, Joseph Clarke
and Lewis P. Andrews.—V. 78, p. 2390.
907,730.87
Raw
The Committee on Stock Lists recommends that the
above described $15,500,000 Six per Cent. Cumulative Preferred Stock and $15,500,000 Common Stock be admitted
to the list.
W. H. Granbebby, Chairman.
Adopted by the Governing Committee June 22, 1904.
United States Realty & Improvement Co.—Report, Etc.—
See United States Realty & Construction Co. above.— V. 78,
25,000.00
Co.,
2,000.00
1,000.00
Geo. B. Leighton, Vice-President.
United States Realty & Const ruction Co.— Reiuction of
Stock of Subsidiary Company.— See George A. Fuller Co.
above.
Annual Report.— See p. 2598.— V. 78, p. 2446.
tire capital) 5,000
Georgia Car Manufacturing
316 shares of $100 each
Florence Water Works
Davis Locomotive Wheel
5,100 shares of $10 each
Miscellaneous
By
$28,838,786.33
454,012.00
1902
American
Miscellaneous
at 74 Broadway,
AMERICAN STEEL FOUNDRIES,
Purchase price August 1, 1902
Deduct: Net current assets as
taken over by the Company, in-
vance
is
ors, classified as follows: For three years and term expiring 1905: Daniel Eagan, George B. Leighton, Fred H.
Eaton, Max Pam, Rolla Wells, Edward Shearson. For three
years and term expiring 1906: C. M. Schwab, Geo. L. Peabody, E. H. Gary, Alfred Clifford, Chas. Miller, J. M. Schoonmaker. For two years and term expiring 1904: Eben B.
Thomas, Wm. C. Brown, C. H. Howard, E. F. Goltra, W. D.
Sargent, Arthur J. Eddy.
The members of the Executive Committee at the present
time are as follows: Charles Miller, Chairman; Daniel
Eagan, Max Pam, Geo. B. Leighton, C. M. Schwab, Edward
F. Goltra, E. B. Thomas.
There are submitted herewith copies of Certificate of Incorporation, By-Laws as amended, Opinion of Counsel that
the Company has been legally organized and that the securities have been legally issued, Opinion of Counsel that
the real estate is owned free and clear from all encumbrances except those stated in this application, certified
copy of Resolution in regard to the disposition of the
stocks of the constituent companies, sample of each form
of Stock Certificate, Certificate of Registrar as to number
of shares of stock registered.
Cost of properties:
Net additions
New York
Max Pam, General Counsel.
The following are the members of the Board of Direct-
189,513.21
Administrative and head and district office expenses:
General office expen-
Taxes
in
City.
Officers of the Company are: Charles Miller, PresiGeorge B. Leighton, Vice-President; F. E. Patterson,
Treasurer and Secretary;
Net earnings
Other income:
Rentals (net)
Interest and exchange
ses, rentals,
ies and legal
office
New York
1
relining,
its stock.
The Company's
1
deducted.
Vol. lxxviil
Universal Tobacco Co.— Dissolution.— The shareholders on
(67 p. c. of the stock being represented) voted to
dissolve the corporation. See plan V. 78, p. 2888.
14,547.31
98,361.88
Warren (0.) Water & Light Co. -Consolidation.—This
company was recently incorporated under the laws of Ohio,
$32,319,737.85
with $250,000 of authorized capital stock, as a consolidation
of the Warren Electric Light & Power Co. and the Warren
2,357,608.82
June 22
Water Co. Edmund Le B. Gardiner, President, Ridgewood,
N. J.; Whitney Connnt, Secretary and Treasurer, Paterson,
$15,500,000.00
N. J.
Directors: E. Le B. Gardiner. Whitney Conant,
$20,000,000.00
15,500,000.00 Cbarlev Fillias, H. B. Wier, D. A. Geiger, the last three
Bonds of American Steel Castings Co., outfrom Warren.
standing (due November 1, 1912)
471,000.00
Accounts payable:
Current
$193,561.92
—The "Investment Directory— Insurance Companies," for
Old companies
4,649.84 $198,211.76
1904, compiled by S. H. Wolfe, Consulting Actuary, and
Pay roll, taxes and interest acpublished by the Insurance Press of this city, is the second
crued but not due.
73,607.90
271,819.66 annual edition of an excellent work of over
1,009 pages,
describing and classifying in clear tabular form the bonds
Sundry reserves (relining and renewals, patterns and flasks, etc)
29,564.09 ard stocks held by the insurance companies of the United
Profit and loss account:
States and Canada. Securities having a total par value of
Balance July 31, 1903, as per an"about $1,833,000,000" are thus brought together and innual report
$835,203.21
Deduct: Adjustment of
dexed, enabling the investment house to tell at a glance
Inventories
$68,960.02
what companies hold a given issue and also disclosing to the
Sundry adjustments..
54,594.95
123,554.97
investor what securities purchasable under the insurance
laws are most in favor in insurance circles. The book is diBalance July 31, 1903, as adjusted $711,648.24
Less: Preferred dividend paid
vided into two parts (1) Securities classified by form, year
September l, 1903
232,500.00
of maturity and rate of interest, and (2) schedules of securities owned by tbe various insurance companies. The present
$479,148.24
edition, corrected down to the first of the year, is issued at a
Add: Net income for
six
months ending
much earlier date than was that for 1903.
.1.1 alia
be81, 190
N, W. HalseyA Co., New York and Chicago, offer infore charging depreciation
on
buildvestors several issues of State, county and city bonds. Their
ings
$300,705.86
advertisement gives details, and circulars describing these
Less: Preferred diviand other offerings can be had on request.
dend paid December
1, 1903
232,500.00
68,205.86
—The 1904 edition of 'Moody's Manual of Corporation Securities" bas ju^t been i«sued.
The new book is larger than
Balance January 31, 1904.
547,354.10
lm?t year's edition and is generally more comprehensive and
—Issued
Authorized
Common — Authorized
Issued
Preferred
$20,000,000.00
:
1
.
—
1.
$32,319,737.85
complete.
—
June
25, 1904.
.
.
THE CHRONICLE.
|
2607
COTTON.
3£kc (froimntxtidl ^hwjcs,
COMMERCIAL EPITOME
Friday Night, June
24, 1904.
A
quiet oondition of business has oontinued to be experienced, the ultra conservatism that has influenced mer-
Friday Night, June
24. 1904.
The Movement op the Crop
as indioated by our telegrams
given below. For the week ending
this evening the total receipts have reached 13 995 bales,
against 13,504 bales last week and 14,418 bales the previous
week, making the total receipts sinoe the 1st of 8ept., 1903,
7,036.613 bales, against 7,577,913 bales for the same period of
1902-3, showing a decrease since Sept. 1, 1903, of 541.3C0 bales.
from the South to-night,
is
chants for some time past still largely controlling their oper.
In a few lines, however, where prices have been
ations.
Receipts at—
Tries.
Sat.
Jfon.
Wed. Thurs.
Iri.
Total.
gradually sagging until they have reached a more attractive
136
163
45
75
278
692
basis, there has been renewed activity to the buying, especPt.Arthnr.&c >•>
••> ...... ...... •>•••
A favorable feature is the New Orleans.
876 1,306
786 1,323
ially for forward deliveries.
481 1.917
6.672
1,011
65
1
1,077
generally optimistic view taken of the future, it being gen- Mobile
Penaaoola, Ao.
......
•••
— ...... ......
erally believed that after the usual mid-summer dulness is
450 1,412
175
604
88
4G4
3,218
past that an active fall trade will be experienced. The ReBrunuw'k, A© ......
••a ...... ......
publican Convention was held at Chicago during the week Charleston.. ..
50
201
4
255
Pt. Royal, Ao.
......
......
• «•>«••
......
WW—
and the candidates ohosen for President and Vice-President
6
2
15
7
were as expected. The Democratic Convention is to be held Wilmington....
Wash'ton.Ao. *••
>*»
......
••••
•••*..
1—
within a fortnight at St. Louis and its choice of candidates Norfolk
208
202
222
429
59
1,179
59
Crop indications through- N'p'tNews.Ac.
is awaited with unusual interest.
17
......
17
• ••>•>
out the country have continued favorable, promising abund- New York.
186
722
......
50 ......
56
430
Boston
11
......
11
ant yields.
Baltimore
62
62
••a
••••••
Lard on the spot bas been in moderate demand, exporters
Phlladelp'a, Ac
75
75
being buyers of City grades, and refiners have made limited
Tot. this week.
2,462
2,160
1.662
2,022 2,542 8,141 13,995
purchases of Western Prices have advanced slightly, and the
The
following
the
week's
total
receipts, the total since
shows
close was firm at 7 35c. for prime Western and 6'50c. for
>•
•
.
••
•
!
•V
f
prime City. Refined lard has been in more active demand
and prices have worked to a higher basis, closing at 7'40c. for
refined for the Continent. Speculation in lard for future delivery has been fairly active and prices have advanced on
buying by shorts to cover contracts. The close was firmer.
DULY
CLOBIHQ PBIOBB OF LABO JCTUBBB IN CHICAGO
Sat.
Hon.
Tuti.
Wed.
Tkurs.
680
Julydel'y
700
6-97i«
7-05
695
700
fri
707>«
Septc
1903,
1,
1903-04.
Receipts to
June 2 4
This
week.
1
I
Raw sugars
have been in active demand and higher,
clos-
ing for spot supplies at 8 15-16c. for centrifugals, 96-deg,
Refined sugar
test, and 3 7-16o. for muscovado, 89-deg. test.
has been active and prices have advanced, closing at 4'80@
Teas and other staple groceries have
4'90c. for granulated.
been quiet.
Kentucky tobacco has been moving moderately on old purchases, but new business has been quiet. Seed leaf tobacco
has been in better demand; moderate sales of 1903 Connecticut Havana seed have been reported, and there has been
some trading in 1901 and 1902 crop Penn. broad leaf and
1902 orop Wisconsin. Sumatra tobacco has continued to
meet with a good sale at full prices. Havana tobacco has
been
dull.
Prices for Straits tin declined early in the week, but the
was steadier and prices quoted were 20(g) 26 45c. Ingot
copper has had a moderate sale for forward delivery, closing
at 12%@12%c. for Lake and 12}^@12%o. for casting. Lead
has been quiet but steady at 4 20@4-.J5o. Spelter has been
unchanged at 4'75@4 85c. Pig iron has been quiet, closing at
$14 25 for No. 2 Northern and $12 75@13 for No. 2 Southern.
Refined petroleum for export has been steady, closing at
7 '95c. in bbls., 10 65c. in cases and 5'05c. in bulk.
Naphtha
has been easier at 11 J^c. for 71 degrees and 12c. for 76 deg.
Credit balances have been steady, closing at l'57c. Spirits
turpentine has been steady, closing at 56c.@56>£c. Rosins
has been easier, closing at $3 00@8 05 for common and good
strained. Wool has been firm and higher for new clips. Hops
have been dull but steady.
close
ThU
Since Sep
1, 1902.
week.
692 2.332,247
473 2,089,856
255
100,929
1,958,239
198,012
133,677
1,133,475
120,760
154,593
153,438
2,270,081
211,266
155,385
1,292,833
130,622
209,511
15
321,140
6,672
1,077
3,218
10,386
940
495
8
15
336
469,740
21,687
17,245
29,906
29,823
14,117
1,179
17
722
11
62
75
1904.
604
162
206
255
495
50
13,995 7,036,6131 14.339 7,577,913
1903.
8,726
11,105
105,831
784
59,411
1,528
23,783
10,491
1,583
223
241
495
319
2,876
597
63,397
8,695
1,107
163,925
337
329,378
387
505,675
23,183
36,164
98,026
45,003
26,263
1,282
.
-
Since 8ep.
1, 1903.
last year.
Stock.
Pt.Ar.,Ao.
New Orleans
Mobile
/
Cheese has advanced, closing steady at 6@8%c. for State factory full cream. Fresh eggs have had a fair sale at steady
prices, closing at 17J^@18c. for best Western.
Brazil grades of coffee have been quiet, and, owing to a
slight increase in the movement of the Brazil crop, there bas
been an easier turn to valuee. The close was steady at 7i£c.
for Rio No. 7 and 1%@l}£c. for Santos No. 4. West Inuia
growths have been in moderate demand and steady, closing
at 9c. for good Cucuta and 10^c. for good average Bogota,
Speculation in the market for contracts has been less active
and under selling by recent buyers to liquidate their accounts, prices have been easier. The close was steady.
Following are the closing asked prices:
June
6-30o.
5 7."o. Sept
600o. Deo
July
5*75o. Oct
6-60o.
6 10t. March
6-200. May
5-90o. Nov
6-75e.
Ang
_
1902-03.
Galveston...
7-15
7-121*,
725
7-27»s
P'saoola, Ac.
Pork has had only a limited sale, but prices have been ad- Savannah...
vanced, closing at $14 25@14 75 for mess, $13@14 50 for
Br'wlok, Ao.
short clear and $14@15 for family. Cut meats have been
Charleston..
sparingly offered and prices have been firm at 6^c. for
P. Royal, Ac.
pickled shoulders, 9J^@9^c. for pickled hams and 7@7^c
Wilmington.
for pickled bellies, 14@10 lbs. average. Beef has had a limWash'n,
Ac.
steady
prices,
closing
50
for
at $8@8
mess,
ited sale at
$9@9 50 for packet, |10@10 50 for family and $13 50® 14 50 Norfolk
for extra India mess in tee. Tallow has had a fair sale and N'portN.,Ao
the close was steady at 4 4 c. Stearines have been firmer, New York...
closing at 7^c. for lard stearine and 6@63^c. for oleo stearCotton-seed oil has been dull at unchanged prices, clos- Baltimore.
ine.
ing at 28J^@29c. for prime yellow. Butter has been in more Phlladel.Ao.
active demand and firm, closing at 18@18c. for creamery.
Totals...
Sept. del'y
7-17i«
and the stocks to-night, compared with
657
6,500
1,003
1,889
212.884
257,262
In order that a comparison may be made with other years,
totals at leading ports for six seasons.
we give below the
Receipts
at—
692
473
6,672
1,077
3,218
10,336
255
Qalves'n, Ao.
New
Orleans
Mobile
Savannah
1903.
1904.
...
Chae'ton, Ao.
Wllm'ton, Ao
1901.
1900.
7,198
7,052
12C
8,745
18,721
24,037
170
6,897
8
15
604
462
362
863
190
504
207
940
495
15
1,179
1902.
1899.
685
622
6,501
6,721
7
64
1,452
23
2
2,419
264
5
2,004
N. News, Ao.
All others...
17
870
29
325
205
263
1,006
8,200
10,818
2,799
4,902
wk.
18,995
14,839
22,259
68,485
10,887
17,521
Norfolk
Tot. this
6,806
520
Since Sept 1 7036,613 7577,913 7370,214 733S.012 6407,656 8813,586
The exports for the week ending this evening reach a total
of 27,784 bales, of which 5,555 were to Great Britain, 6,853
to France and 15,376 to the rest of the Continent,
Below
are the exports for the week and since Sept, 1, 1903.
Week Ending June 24 .190*.
Exported to—
Exports
from—
Great |__
ContiFrance
nent.
Brit'n.
Galveston
PkArthur. 4c.
New
Orleans..
Mobile
Penaaoola
Saraiinah ......
......
......
792.810 816,619
......
*
6,801
7,060
••••.
•«••••
...**.
...a..
......
7.097
••••••
13,667
7.097
June
21,
1904
Co*t4nent.
TotaL
717.897 1.826.816
78.817
90.4 33
627,437 1,651,685
66.807
119.710
66.794
1*9,701
586,017
822,363
7,324
02,125
48,055
43.066
314,e07
7.387
6,520
•
318
52
3,821
690
068
814
Baltimore
451
San Fran- Ao_
•-!
7.639
200
73,299
e,86(
234.4!*
2.308
300
4.794
87.161
160,988
6.065
816
2,871
4,572
247.483
101,801
56,729
38.496
87
968
148
4B1
800
3.6«9
88.141
3,746
4s,y-a
436,f>?6
107,866
93,870
42.* 42
4S.SO0
6,838; 115.876) 17,784 2,458,295 693,852 2,681,616 5,b 87,188
5,666
Total, 1902-08.
768,699 257,220
87,680 16,908
60,216 18.691
181.037 66,29b
84,901
......
Norfolk.
Philadelphia..
1903, to
'
Wilmington...
Ac.
1,
Exported to—
17,115|
Charleston....
Port Royal....
N.,
Sept.
lotal
Great
_
Tranet
Week. Britain.
Branswlok
* 'port
From
1
Mil
4.618
la.Thrl 1,707.671
780.3B4 3,002,907 K.5t50.H72
.
.
.
,
THE CHRONICLE.
2608
In addition to above exports, onr telegram! to-night also
give at the following amount! of ootton on •hipboard not
cleared at the port! named,
add similar figure* for
Mew York, whloh are prepared for our special use by Messrs,
Futures.
:
.
[Vol. lxxviii.
—Highest, lowest and closing prices at New York.
We
Lambert
*
Barrows. Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED TOR—
litavint
June 24 at—
Ot/ur VoattQr*at
OtrBritain Fr'nu many. Wor'gn teist.
itoek.
Total.
I
New
Orleans.
Galveston.. ..
Savannah..
17,370
8,145
554
1,183
2,005
1,874
Total 1904..
"500
500
18,924
"800
i',6o6
•
4,188
6,662
1
400
""V6
2,000
2,000
1,800
61.597
500
6,4">4
I
171.151
I
a
1
l
l
I
*
«
coco
co to
dcx
dci
©ex
ex ex
ate
a
a
1
1
a
l
I
I
6.6:
6,059
2,946
6,462
9,317
3.279
4,509
8,148
8,753
639
24 582
5,074
28,599
232,640
803,502
the demand from both spinners and exporters has continued
to drag. The slowness of the demand for actual supplies and
the continued favorable outlook for the growing crop has
disoouraged holders of the summer deliveries. Notice day for
the issuing of tenders on July contracts also is close at hand,
and there has been steady selling by speculative holders to
liquidate their accounts. There has been moderate selling of
the new-crop deliveries, prompted by the favorable crop
prospects, but prices for those deliveries have not yielded as
rapidly as those for the near-by months. To-day there was a
moderate advance early in the day, in response to unexpected
stronger Liverpool advices and buying by shorts to cover
contracts. As, however, the day progressed, renewed selling
for local account, prompted by the continued favorable crop
reports, developed, and most of the advance was lost.
The
olose was steady at a net gain for the day of 3 to 7 points.
Cotton on the spot has declined, but the close was steadier at
11 '05c. for middling uplands.
The racea on and oflt middling, as established Nov, 18, 1908,
by the Revision Committee, at whloh grades other than
middling may be delivered on oontraot, are as follows.
fair.
0. l'SO on
..............
Good Middling Tinged ..c. Even
Middling Fair ..__
.. 0-96 on
Strict Middling Tinged.... OO80I
Strict Good Middling
,_ 0-62 on Middling Tinged
12 off
Good Middling.
—.._ 0*44 on Strict Low Mid. Tinned..
84 ofl
—
Low Middling
Middling
............
Strict Good Ordinary .....
Good Ordinary ....
....
Strict Good Mid. Tinged..
Strict
Low
0-60
014 oft Low Middling Tinged.
0-88 off 8triot Good Ord. Tinged... 0-84
0-72 off Middling Stained
50
1-00 ofl Strict Low Mid. Stained... 1*06
0*30 on Low Middling Stained.. ... 160
off
ofl
off
ofl
off
On this basis the official prloes for a few of the grades for
week— June 18 to June 24—would be as follows.
the past
UPLANDS.
Sat.
Good Ordinary
I
a
I
I
a
1
1
l
l
I
a**
a
I
I
1
l
1
1
l
on Tnes
We* Tb.
Middling
Good Middling
Middling Fair
FrI.
a
I
a
I
12-66 12-21 12-06
GOLF.
Sat.
Good Ordinary
Itton
Tues
U
12-21 11-91 12-01
Wed
Th. FrI.
1095 10-50 10-35 10-50 10 20 10 80
11 57 1112 10-97 11-12 10-82 10-92
liOW Middling
Middling..
11-95
Good Middling
1150 1135
11
M>
1120 1130
12-39 11-94 11 79 11 94 11-64 11 74
1291 12-46 12-31 12 46 12-16 12 26
Middling Fair
STAINED.
Sat.
on Tuei Wed Th.
Frl.
975 9-60 9-75 9 45 9-55
11-20 10-75 10-60 10-75 10 45 10-55
Strict Low Middling Tinged... 11-36 10-91 10*76 1091 1061 10-71
11-70 11-25 11 10 11-25 10-95 1105
Good Middling Tinged
1020
Middling
Middling.
The quotations
tor
middling upland at
New York
on
June 24
for eaoh of the past 82 years have been as follows.
1904... .0 11-05
1896. ...0. 76s
1888. ...0 10G ie 1880....0 ll's
12-%
1903
13 25
1896
1887
1C8 1879
7iie
1902...... 9»4
1894
117 18
1886...... 914
7Bi 6
1878
1901
1886.._1038
1877
l)*j
81&1C Lo90i«b»m 8
12i la
1900
9 Ha
1892.
lli«
77 16
1884
1876
MARKET AND SALES.
The total sales of ootton on the spot eaoh day during the
week are Indicated in the following statement, For the
convenience of the reader we also add oolumne which show
at a glanoe how the market for spots and futures olosed on
same days.
OLOBSD
-U.l*m
Ar-
Oon-
Oon-
INmt
trail.
Saturday
Unlet
Monday.... Qnlet, 45 pts. do. Steady
Tneeday
.ufer., 15 pts. do B'riy steady.
Wednesday Qnlet. 15 pts ad
Thursday.. Quiet. 30 pts. do. 1 eady ......
Friday,
tit'dy, lOpts.ad.
345
.
.
Total
of Spot a Oontbao
son,
iod
455
.
....
'air
II
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MH
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1
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g
Fhb Visible bUPPLY ov Uotton to-nignt, ao made op by
jable 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,
Sut to make the total the complete figures for to-night
June 24 \ we add the item of exports from the United States,
11
ll
11
11
it
1
1
I
the exports of Friday only.
1902.
1904.
1908.
1901.
6106* at Liverpool— bales. 498,000 544.000 887,000
682,000
Strv* at London
9 000
10,000
10,000
12,000
Stook at Manchester
..^«,
42.000
52,000
Xotai Qreat Britain stook. 550.000 605,000 899 000 692,000
ttoefc at Hamburg
23.000
21000
18 000
23.000
itoek at Bremen ....
.
M 190,000 219,000 134.000 143 000
ttoek at Antwerp ...
50O0
4 000
5.000
6,000
itoek at Hav re
148 000 142,000
148.000 152.000
.... .
...
3 000
3000
4.000
f took at Marseilles
4,000
26,000
50,000
34,000
Itoek at Baroelona . . ...... ...
83,000
82,000
45 000
7,000
itook at Genoa....
88,000
.
16.200
6000
16,000
12 000
ttoek at Trieste . .._.. .... „.
455,0 00 47S,OQO~371,0'H) 409.200
Total Continental stocks.
f «>tai European Btooks_ 1,006.000 1,078. uOC 1,270,000 1,101,200
91.000
75,000
India ootton «floatfor Europe 122 000 181.000
Amer. ootton *floatforB'rope.
87,000
60.000 110.000 145,000
r
25,000
28 000
17,000
16000
Exypt, Braztl.Ae., »flt.for £ pe
34.000
78 000 134.000
St ok In Alexandria, Egypt... 121.000
Stock In Bombay, indla.....^ 483.000 676,000 474,000 625,000
440 691
Stook in United states ports.. 212 884 257,26 i 332 101
44,0)43
123 652 276 197
Stook in U.S. aterlor towns.. 1164X6
7.8*4
10,^20
843
2,300
United States exports to-day
2.172,434 2,S*7,IU6 2.509,05 S 2.832.908
JCoiai visible supply
Of the a bore, totals of American and otner descriptions are as roiiow s
.
345
100
465
3*06
652
206
100
668
1,969
400
1,752
bales.
448. ooo
__
46,000
382.OO0
60,000
257 262
44.093
375.000
34.000
continental stocks. ,...-.
347,000
87.000
imertoan afloat for Europe. .
212.884
Jutted States stook
Jolted Stateelnterlor stocks. 116.496
lulled tftatesexports to-day
Manchester stock.
._
MABKBT
a
II
II
I
1
1
a
1
>
I
Amtruan-
990 ..•• 6*16
1891.._. 8»s
Id*
1888
1875
15k
1898
6*6
12-*
1890
12
1883
1874
..17'e
10iB le 1881
1897
7%
1889
21
lUia 1878
Noth.—On Oot 1, 1874, grades of ootton as quoted were changed.
According to the new classification Middling was on that day quoted
*so. lower than Middling of the old classification.
ffOTUBBft
a
l
Liverpool stook
1
SPOT M1BE1T
Olohkd.
I
I
I
if-to
•l
ex
COCO
da
too
«
1170 1125 1110 11 26 10 95 1106
14 11-89 11 64 11 69 1139
49
lli
I
noluding in
1070 1025 1010 10-25 8-95 1005
11-82 10-87 1072 10 87 10 57 10-67
Low Middling
Low
ITI
CD
coco
I
coco
Speculation in cotton for future delivery has been moderately active, but the tendency of prices has continued toward
a lower basis, especially for the near-by deliveries, they showing a fair decline for the week. Stocks of cotton are light, but
*
1I
!**
coco
Total 1903..
Total 1902..
I
iro
I
694
876
41,733
3,814
«©
coco
""46
••»•
8,145
72.771
4,793
23,383
1,683
400
..
Charleston ...
Mobile
Norfolk
New York....
Other porta .
33.060
3,933
6,362
1
.
..
762,000
550,000
S^O.OOO
110.000
3^2.101
123 6*2
2,300
330.000
145,000
440,691
276.197
10.S20
Total American
1.180,234 1,288.198 1,650,003 1,762,708
Matt Indian, Bratil, 4e.—
132.000
96 000 125.000
Jverpool stook..^„ ..„ ..^. 128.000
10.000
12,000
10,000
9,000
London stock
6.000
8,000
Manchester stock
79.200
bV.ooo
108 000
91,000
.oiituaentai e»oo*s.._ .......
76.000
91.000
122 000 181,000
ndla afloat for Europe
25,000
2^,000
16000
17,000
Igypt. Brasil, the., afloat
121.000
78.000 184,000
3* OOO
stook in Alexandria, Egypt.
483,000 6 1 6. OOO 474 000 625 000
itoek in Bombay, India
992 OOO 1 109.OOO 859 OOO 1,080,200
Total Bast India, <fco.__
Total American. . __., ... 1,180,234 1.238,198 1,650,053 1.752.708
Total visible supply. ... 2,173,234 2,bA7 1U8 2,509,053 2.832.908
4Ul8fl6 I4d
6-96d
5d
•addling Upland, Liverpool..
813, ft C
13-3-so
11 05e.
tlddling Upland. New York..
9H0.
,
.._
tgrptOood Brown, Liverpool
J
srur. Bough Good, Liverpool
Jroaoh Fine, Liverpool......
'""""•ii» Good. Lf»erpooL..
7»«d.
63ad.
7d.
10»4d.
10-50d.
5n>, H d
5«,«d
8-75d
Sngd.
5Bsd.
50 ia d
ftigd
411, «d.
4\<1
4Bl6<l.
45i 8 d.
week have been 67,010 bales
^W Continental imports past
show
last
a decrease from
figures for 1904
week
of 130 874 bales, a decline ol 174 964 bales from 1903 a dec
of 836,819 bales from 1903 and a loss of 660,674 bales fromrease
Th" above
.
June
At the Interior Towns
the movement— that is the
since Sept. 1, the shipments for the
week and tne stocks to-night, and the same items for the
corresponding period of 1902-03— is set out in detail below.
week and
O
00
x
.
THE CHRONICLE.
25, 1904.]
receipts for the
.
—
Quotations for Middling Cott *n at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Week ending
June 24.
Safday Monday. Tuesday. Wed'day Thursd'y Friday.
Galveston. ..
New Orleans
Mobile
...
113*
11
Hie
10?8
11
1084
Savannah
11%
11
11»4
11
10=?i
11»*
11-70
11 75
11-95
11*6
ll 1*
11%
11-70
11 75
11-50
11
11
11
11-25
11 25
11-35
im
..
Charleston
Wilmington.
Norfolk
- - -
Baltimore.
Pliliadrlph'a
:
i
.
Augusta.
:
..
Memphis
St.
w
•
p«l
H
p-
:
©:
->
:
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o o
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-
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eo;
;
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case.
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to
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'
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N ©.-WO'
tc co'-' en oi
•-to
»o
to
CO
-afw
w
(M—
If-
CO
^i^J-
Sat' day
It
July Range
I
1077- -78 10-51
*>»!
WODlB..
to-
1
i-
-J
CJ
/
Closing.. 10-44--45 10-21
'
tocxw-wl
en
to
©tOH-OWCOH'.
CO
©WW
W5
fcj
Sbpt.
J
CO.
tO
1-
to
rf*
if*
.
Octob'b—
Range ..
«»©CXOD©0DlOOTtO©t0r-
:
w © aojc *^ to © f-t* a w c* ao^i © 03 05 <i to *» oe ©#*-• ai jo a, 00 ©j-j
00 «*«• m "© to oo acVoo "m cVtsaa'cc'taVao
oi'.'JaooDW w w'— »© ©Vi ©"to
»0tO(-iMl|kCOC*'O'^«>C0ii^CJ<-Jai*tOto©t0©to0Dl-'>b.«i*i.tot0MVl»J]
«j
"to
Closing..
I
Dkc'ker—
Range
occo3oato^JC3>»©oiow^aotow~j©r-(i>.oo«ii^i— Mcotoo'rf-yicctoQO
.
Closing..
M
O
—
03
•O;
to©
to;
;
i
.«:
00
©©
OHH^^oooiffiSiCoeui'
otoo;
.
to
© oteoo»y>03ifi.«aa<lr-tO©;
w"w
to
A »
:
-J i- ** eo en co to to
•
©
«<-•!
H
11
105 18
105,8
lOVi
lO*
10-74--76 10-52--54 10-4J--45
909--7?
9<8--75
9-72--73
9-S3--55
9-40--45
9-42--43
9-25-44
9-3*- 39
9-37- •38
9-24--37
Bteady.
Steady.
Steady.
»teaq>
9-41- •58
9-51- •52
9-5S--85
9-74--75
9-51--65! 9-54--72
9-59--81 9-61--62
9-22- 36
9-32- 33
9-30--54
9-45--46
9-25-39
9-21--35
9-32--33
9-29--53I
9-44--15
9-25-38
9-31-32
9-?8- 46
9-32- 33
Firm.
Steady.
Steady.
Steady.
Easy.
Steady.
1
9-*9--30
927--28
9-31--45
9-32--33I 9-34--3S
Tone—
*>
aoo>
Spot...
Options
01,
©©
«•
WCO- O1ACOO0'
^
M M »
hto**
com "to^oeo- ma «
a> & ooo> cc O" ©
ecwi-'toi^-©toi-<©i-io3toco®©©; >a^coco
»
01
lon 16
10%
105a
-
Range
Closing..
CO
H<»
(0
M©
MtOtOOOtOH-OOOOtOMI— t0t7>t0«O "~ »tol-'
,
©M.
11 30
1004-23 1013--63 10 08-30 10 17-40
10-14-15 1041--4a 1024--25 1021-22
JO-40--50 1014--49
Range
*-
10-95
11 25
Monday, Tuesday, Wed'day, Thursd'y Friday,
June 2u. June 21. June 22. June 23. June 24.
August—
'
11
11-25
11-50
1034 a 78
1078
11
10»8
10»4
10-90-13 10-75 03 1045 -64 1050-01 10"7 65 1042-eO
Closing.. 11-01
-J
11
11-25
11-25
11-20
1088
1110
%
1034
J"
to© »1 03 -153"— »W C» <J X<1K3"-J|fk 00 C0"-1 CO «•©»>" JtOtC
i->oo©^«i-'©o><ltoM©tOOO>-'©©c*©aooouo — ©©i-'ooto
I— ©waooMOooo©totoacc(-'i-©«j©ooto-jtoo'uii>3j>co©
if;
11
10 7s
—
June
to
Ci:
11
10's
10»8
11*4
11
lOSg
1-
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta.
llfg
10 78
Louisville
Natchez
1038
Columbus, Ga.. 10
Montgomery
Raleigh
IOV4
Columbus, Mb s lOVj
Nashville ....
11
Shreveport.... lOija
10""105
1
11*4
11
1034
10*
10*
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.
tOtO^; to © tO JC 00 tO 03 W tO *- >- tO OJ © CD-OtOMM
»V>tO' 0«©lf»C»03<yi«JMCO©©CKW>©. <]C»»0©r-
COtO
I
•
©CO-
'
CO
•o
CO'
11%
...
10*
105s
10?8
10%
10%
10\
IO34
lO'a
The
gc5M«3coMi-.i*"-»o>-'i-'a5»j««T'«joi*»-?o
*» w »* to to «j io 05 05 gd 05 1- 5
^»*o^^©coM05tOif>'Ooo5coo5cocooopf>.^jtoo30»W'ii>to<oos3<eoao»jao §
0D
Louis
Houston
Little Rook
I
2609
Steady.
«t«»»uv
We^thbr Reports by Telegraph.- Reports by
telegraph
1
from the South this evening are in the main of a favor*3*-© To
*to;
«a m en >- to
© acao!
able
©©•»)*
tenor.
Rain has been quite general, and as a rule the pret-ooi— oo^jmco©
o«*S©>-'co©i-'ts 00 m. towc»tci-'
OOOhas been moderate or light. In a lew sections
The above totals show that the interior stocks have de- cipitation
along
the
Gulf
and Atlantic, however, moisture is said to be
creases during the week 13,403 bales, and are to night 7?,4/3
bales more than same period last year. The receipts at all the needed, and from a portion of Arkansas and extreme Southtowns have been 1,019 bales leas than same week last year.
west and Northwest Texas there is some complaint of excess
rain.
Temperature has apparently been as desired. First
of
.—
Overland Movement for the Week and Since Sept. 1
We give below a statement showing the overland movement bloome reached Memphis from Bolivar County, Miss, on the
for the week and since Sept. 1, as made up from telegraphic 20th, five days earlier than last year.
:
;
*»-"x>
;
:
to us
,
,
reports Friday night.
The results for the week ending
Sept. 1 in the last two years are as follows.
June 24 and since
1902 03.
1903-04.
June
24.
Since
Week.
Since
Week.
Sept. 1.
Sept. 1.
—
8h ipped
via St. Louis
Via Cairo.
Via Ro<k Island
922
Via Louisville
Via Cincinnati
Via other routes, &o.
Inland,
*
194 467
2,254 1,110,874
>
..
791
17
738,799
207.P8S
29,605
161.016
06. 142
259,524
855
122
523
2,308 1,433,074
91 091
30.812
95,5«0
1,006
5
238j
960
205,4«1
45,650
61,451
1,113
217,493
1,966
312,' 62
870
towns
from South
Total to be deducted
31703
63
interior
<fco..
ia.648
118.^60
349
99
Total gross overland
Deduct shipments—
Overland to N. Y.. Boston, &o.
Between
502.126
250,570
821
I
Leaving total net overland"
l,141i 893,3311
movement by rail to Canada.
342 1,120,512
Including
The foregoing shows that the week's net overland movement
has been 1,141 bales, against 342 bales for the
and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 227,1b bales.
this
year
week
in 1903,
1
1902-03.
1903-04.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to June 24
Net overland to June 21
Southern consumption June 24..
13,995 7.036.613
8 3.3S1
1,141
42,u0u 1.755 OoO
sight during week.
Week—
June 27
1901—Jun»2'3
1900- June 29
1899-June30
t
m
42,344
43,733
9.789,888
North, spinners' tak'gs to J'ne 24
* Deorease during week.
1902
14,339 7577,913
342 1,120,512
39.00- 1.731 000
V 3,403
Total in sight June 24
Movement
Since
Sept 1.
Week.
57 13R 9,684,994 53,681 10429425
104,894 *11,337
U8.985
Total marketed
Interior stocks in excess
Came into
Since
Sept. 1.
10410140
5,700 2,066.9-5
631 2,0' 7,967
Less than Sept. 1.
into sight in previous years.
Bales.
49,400
87,f95
33,227
33,052
Since Sept.
1—
1901 02- June
lPJO-0'i-Juie
1899 00- Jane
1898-99- June
27
28
29
30
—
Galveston, Texas. There is complaint of too much rain
over extreme Southwest and Northeast Texas. The advance
of the boll-weevil beyond the area of last year is also complained of. The week's rainfall has been three inches and
The thermometer has
fifty-six hundredths on three days.
ranged from 68 to 90, averaging 79.
Abilene, Texas.— We have had rain on one day during the
week, to the extent of thirty-four hundredths of an inch.
Average thermometer 79, highest 90, lowest 68.
Brenham, Texas.— We have had rain on one day of the
past week, the rainfall reaching ten hundredths of an lach.
The thermometer has averaged 81, the highest being 93 and
the lowest 68.
Corpus Christi, Texas.— We have had excessive rain on
fonr days during the week, the rainfall oeing two inches and
twenty-one hundredths. The thermometer has averaged 76,
ranging from 68 to 84.
Cuero, Texa8.—We have had heavy rain on three days of
the week, the precipitation reaching two inches and four
hundredths. The thermometer has ranged from 66 to 96,
averaging 81.
Dallas, Texas.—The week's rainfall has been thirty- one
hundredths of an inch, on two days. Average thermouiet r
81, highest 94 and lowest 67.
Huntsville, Texas.—There has been rain on two days during the week, the precipitation reaching one inch and nine
hundredths. The thermometer has averaged 85, th9 highest
leiLg 98 and the lowest 71.
Kerrville, Texas.— Rain has fallen on one day of the past
week, the rainfall reaching ten hundredths of an inch. The
thermometer has averaged 71, ranging from 50 to 91.
Henrietta, Texas.— Rain has fallen on two days of the
week to an' inappreciable extent. The thermometer has
ranged fr<
66 to 95, averaging 81.
Lampasan, Texas.— We have had rain on three days during
the week, the precipitation being one inch and forty hundredth-. Average thermometer 75, higest 90, lowest 60
Longview, Texas.— We have had rain on foar days during
thewctk, the precipitation being one Inch and thirty- four
hundredths. The thermometer has averaged 85, the highest
beirg 99 and the lowest 70.
Luting, Texas.— We have had rain on three days during
(he week, the rainfall being one inch and twenty-one hun-
Bales.
10,042,628
9,992,381
8,812,195
10,898,373
.
THE CHRONICLE.
2610
dredths. The thermometer has averaged 78, ranging from
83 to 93.
Palestine, Texas.— Rain has fallen heavily on four days of
the week, the rainfall reaching two inches and eighty hundredth". The thermometer has ranged from 63 to 90, aver-
aging
—
India Cotton Movement from all Ports. The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending June 23 and for the season from S9pt. 1
to Jnne 23 for three years have been as follows.
1902-03.
1903-04.
79.
Paris, Texas.— Rain has fallen on three days of the week,
the rainfall being one inch. Average thermometer 84, highest 100, lowest 67.
We
have had rain on one day during
San Antonio, Texas.—
the week, the precipitation being fifty-six hundredths of an
inch. The thermometer has averaged 77, the highest being
92 and the lowest 62.
Weatherford, Texas.— We have had rain on two days of
the past week, the rainfall reaching one inch and nine hundredths. The thermometer has averaged 88, ranging from
68 to 97.
New Orleans, Louisiana.— RvAxx has fallen on two days of
the week, the rainfall reaching forty-four hundredths of an
inch. The thermometer has averaged 82.
Shreveport, Louisiana.— It has rained on two days of the
week, the rainfall reaohing forty-nine hundredths of an inch.
Average thermometer 83, highest 95, lowest 69.
have had rain on two days
Vtckuburg, Mississippi.—
during the week, the precipitation reaching fifteen hundredths of an inch. The thermometer has ranged from 68
to 93, averaging 80.
Columbus, Mississippi, There has been rain on one day of
the week, the precipitation reaching fourteen hundredths of
an inch. The thermometer has averaged 75, the highest
being 92 and the lowest 58.
Little Rock Arkansas.—
are having too much moisture.
Rain and overflow are damaging crops very much. There
has been rain on five days during the week, the precipitation
reaching two inohes and fifty-two hundredths. The thermometer has averaged 80, the highest being 92 and the low-
We
—
We
est 60.
[Vol. Lxxvrn.
—
Helena, Arkansas. Crops growing finely. Rain has fallen
lightly on four days of the past week, the rainfall reaching
fit tv hundredths of an inch.
The thermometer has averaged
85, ranging from 70 to 93.
Memphis, Tennessee.— This has been another ideal week for
cnltivating cotton, which, though small, is growing fast.
—
Receipts at
Bombay
For
Since
.
Sept. 1.
Sept
|
15,000 2,055.000
Since September
the Week.
!,
1.
Exports
from—
Great
Britain.
Continent.
Total.
Continent.
Great
Britain.
Total.
Bombay—
1902-03..
1901-02..
Oaloutta -
1,000
10,000
34,000
11,000
10,000
35,000
12,000
92,000
74 000
8,000
846,000
825,000
475.O0U
938.000
899,000
483 000
190304..
1,000
2,000
3,000
4000
4.000
3.000
39,000
34 000
40,000
43,000
38,000
43,000
1903 04..
1902-03..
1901-02..
3,000
3,000
1903 04..
1,000
1,000
10,000
6,000
2,000
31,000
12,000
8,000
41,000
18,000
10,000
4,000
8,000
3,000
5,000
12,000
3,000
5,000
16,000
17,000
2.000
234,000
132,000
88,000
250,000
149 000
90,000
5,000
1,000
1,000
21,000
37,000
19.000
26,000
38,000
20,000
Madras -
1902-03..
190102..
All others
—
1903-01..
1902-03..
1901-02..
Total all—
1903-04..
1902-03 .
1901-02..
122 000 1,150,000 1,272,000
101,000 1,003,000 1,104,000
*1 1,000
15,000
626,000
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandria, Egypt,
June
190203.
1903-04.
22.
1901-02.
—
Receipts (cantars*)
700
900
6,453,757
!
2.000
6,465/<40
5,739,430
1
This
Since
week. Sept. 1.
Exports (bales)—
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
2,000 225,107
3.000 134,x21
1,500 327,400
70o 50,148
200.291
1,6^9 144,633
5,330 310,882
80,271
7,200 737,476
6,989 736,077 11,3*1 813,043
194,040
4,061 121,213
7,270 397.415
100,375
A oantar is 98 lbs.
Manchester Market.— Our
*
report received by cable
to-night from Manchester states that the market is quiet for
The demand for both vara and
both yarns and shirtings
give the prices for to-day below and
cloth is improvlns.
leave those for previous weeks of this and last year for
We
comparison.
—
—
_
Week.
Since
.
-
33.000 2,357,000
17,000 2,038,000
—
—
,
Sept. 1.
The
first bloom was received on the 20th from Bolivar
County, Miss., five days earlier than last year and seven
days later than the average date. We have had rain on two
days daring the week, the precipitation reaching seventy-five
hundredths of an inch. The thermometer has ranged from
67-8 to 91, averaging 77' 6.
Nashville, Tennessee. It has rained during the week, the
rainfall reaching one inch and eighty- six hundredths. Average thermometer 78, highest 89, lowest 66.
Mobile, Alabama. Scattered rains in the interior but
good and general rain is needed. Cotton is generally in good
condition, but a few sections complain of drought. We have
had rain on one day during the week, the precipitation being
thirty-four hundredths of an inch. The thermometer has
averaged 80, the highest being 93 and the lowest 69.
Montgomery, Alabama. Crops continue promising, Another good rain soon would help, especially in a few dry sections.
Rain has fallen on one day of the past week, the
rainfall reaching twenty hundredths of an inch. The thermometer has averaged 81, ranging from 69 to 95.
Selma, Alabama.—Dry weather has prevailed all the week,
and the crop is claimed to be suffering from lack of moisture.
The thermometer has ranged from 68 to 93, averaging 77.
Madison, Florida. We have had rain on two days during
the week, the precipitation being one inch and fifty hundredths. Average thermometer 78, highest 90, lowest 66.
Savannah, Georgia.— We have had rain on two days during the week, the precipitation being fifty-six hundredths of
an inch. The thermometer has averaged 76, the highest
_
W<* k
Since
Week.
1901-02.
1904.
8*4 lbs. Shirt- Oott'n
ings, common Mid.
Uplds
to finest.
32s Cop.
Twist.
My 20
" 27
J'ne3
" 10
M 17
" 24
d.
d.
1903.
s.
10 ®10%
10 -a> 10*
91a® 104
9»«@10i4
938® lOlfl
9ie® 9?g
d.
s.
®9
4 @9
lk»9
6 4
6
6
6
6
6
m><?9
d.
6
6
2
3
32s Cop.
Twist.
d.
d.
7-36
7-12
6 72
6-68
6-38
6-14
8i<
8ia
8*a
d.
®*%
i»9
@9
8h ®9i4
814 lbs Shirt- Oott'n
ings, common Mid,
Uplds
to finest.
s.
5
5
5
d.
s.
7ifl®8
@8
@8
10ia@8
11 @8
9
9
d.
5
6
6
9
@9ia 5
10
@9ia 5 10ia®8 9
5
d.
6-30
634
6'44
6*82
6*78
w9 3
9
®9 Ha
696
9
Exports of Cotton Goods from Great Britain.— Below
we give the exports of ootton yarn, goods, Sec, from Great
Britain for the month of May and since October 1 in
being 92 and the lowest 61.
1903-04 and 1902-03, as compiled by us from the British Board
Augusta, Georgia.— We have had rain on two days during of Trade returns.
It will be noticed that we have reduced
the week, the rainfall being thirty-eight hundredths of an
More rain is needed. The thermometer has averaged
80, ranging from 65 to to 94.
Charleston, South Carolina.— Rain has fallen on four days
of the week, the rainfall being forty hundredths of an inch.
Average thermometer 78, highest 92, lowest 64.
Stateburg, SouthCarolna.— There is still some complaints
of damage by lice but generally crops are olean and improving.
have had light rain, badly distributed, on three days
daring the week, the precipitation being twenty-seven hundredths of an inch, but the rainfall was much heavier in
some surrounding sections. The thermometer has averaged
79, th« highest being 94 and the lowest 68.
Charlotte, North Carolina.— Conditions are favorable on
sandy lands but moisture is needed on red lands. We have
had rain the past week, the rainfall reaching twenty-three
hundredths of an inch. The thermometer has averaged 78,
ranging from 66 to 91.
The following statement we have also reoeived by telegraph,
showing the height of the rivers at the points named, at
8 a. M. June 24, 1904, and June 26, 1903.
movement
the
1
all to
pounds.
inch.
We
Yarn&Thread.
1903-04 1902-03
November.
.
Lb*.
16,898
17,866
18.707
18.079
New
Orleans
Memphis
Nashville
Sliroveport
VlcKstmrg
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge
Above zero of gauge.
'04.
June
26, '03.
Feet.
Feet.
14'4
1"-R
150
261
35
28-5
39-8
3-6
8-3
431
Lbs.
December... 18.170 16,683
1903-04
1902-03
Yd*.
402.640
Yd*.
414.088
376.363
418,678
424.931
448.969
1903-01 1902-08
Lb*.
74,8 18
69.793
77.829
95,999
98.726
99,627
61.110 1,196.196 1.811.291 822,472 348,387
—
16.867
17.264
16,647
17,480
269.617
299,997
89,933
101 52»
89.491
86,(91
81.879
90.463
106 50W
96,112
106.197
102.638
107.888
61.241 1.377.43P 1.484.8SH 866.0S0 866.477
303,475
816,718
91,620 102,851 8,678,93« i.786.179 178,602 H4.86I
678,122
616.716
94.206
94,729
17.016
11.063
Total 6
May
Lb*.
101,644
86,167
Tot. 2d qnar. 47.116
mos
1902-03
Lb*.
90.116
83.60'
47,173
February
1903-01
Lb*.
84.28X
80.664
88,944
Tot-lst qnar
458,143
481,47b
437,818
11.619
16.402
405,38)
13,596
16.811
402,76.
Sandryartlol
Total exp< >rta of
June 24,
lotalofAll.
Oloth.
000s omitted.
,
Kit tOtJ c uannfact
476.896
168.016
486,477
•
418,120
41U.01W
75,164
77,748
89.718
74JWj
77.918
88.278
675
687
26.006
91,688
776.694
839.874
The foregoing shows that there has been exported from the
United Kingdom during the eight months 776,694,000 lbs.
of
manufactured cotton,
..gainst 830,874,000 lbs. last year,
decrease of 54,130.000 lbs.
A. further matter of interest is the destmaticr
1 these
exports, ami w t have therefore prepartd cbe following
01 a
<
..
1
June
THE CHRONICLE.
25, 1904.]
statements, showing the amounts taken by the principal
countries during May and since October 1 iD each oi the
last three years.
BXPOBT8 OF PIECE OOODS AND YABS8 TO PRINCIPAL COCNTRIEB IN
MAT AND FROM OCTOBER 1 TO MAY 31.
May.
Piece Qoods— Yards.
(000f omitted.)
East Indies
Turkey, Egypt and AfricaChina and Japan
Kirope (except Turkey)....
south America
North America
All nther oonntrlei
...
40!2,7*:i
£4,032
>tal ralue..
May
U02-:3
10OS-O4
187.41* I74.«7r
59.H82 70.807
28.764 r.O.lno
al.53n 23.081
62314 48.00.
21,701 23.01"
S1.06C 82.7B0
T)tal yards..
T
Oct. 1 to
1003
1003.
1004.
*1W.'IV
237, 8d7
938,008
II
2,308
3.234
2' 6.106
200,727
110.040 427,725 3.882,078 3,572.520 3,e80,O61
Jt4,30i
£37,1.81
AS7.210 i37,8ll
wermany.
Oth. Snrope (except Turkey
But Indies
l.flU3
9.7P2
2.312
8,08b
2,406
2.057
20.122
tjbvi
2','»-0
15,12V*
17,32(1
62
l,7bfi
2,.18i
2,2 M
Cntnaand Japan
l.&BW
17
•"urkey and Egypt
AH ot her oonntrlei
700
1,111
001
1.720
1.C34
1.0b©
1.06i
13,104
Total Iba
Total ralue..
11.665
£••09
13,450
13.58P
104.42M
10,411
17.376
17.78S
807
£
£607
,743
lfl.87-1
20.216
10,216
22 432
4.234
15.66U
10,059
23,7rtW
112.8«0
0.139
118.53K
i5.216
i.1
:
throuKhouc the ootton belt lc Is well cultivated exoept in North
eastern Texai>, where a few fields are still foul. In tbe last-named
State ootton has made rapid growth, and Is generally in tine condition,
but bnll weevils are causing damage in a greater number of counties
than last week. Good growth Is also reported from Oklahoma, Indian
Territory and Arkansas.
—
Jute Butts, Bagging, &o. There has been practically no
inquiry for jute nagging during the week, but prioe-s are
nominally unchanged at 6^c. for \% lbs. and 6^c. for 2 lbs.,
standard grades. Jute butts continue dnll at l^@l%c. for
paper quality and 2@2^c. for bagging quality.
—
Shipping News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 27,784 bales. The shipments in detail, as made up
from mall and telegraphio returns, are as follows:
Total bales.
Liverpool, per steamers Carpathia, 2,071 upland and 100 Sea Island
Georclc, 452 upland and 190
Hea Island
2,813
New York—To
June 20 -Steamer Inchkelth, 591.
608
400
52
100
599
I
Wed.
Taee.
20.
June 21 June
124
4
121*
Tkari.
22.
June
28.
1
1
'121*
188
2,510
300
50
Fri.
June 24.
4 124 4 124 4 1241 4
M P. IT P.M. P.M. P.M. P.M. 'P.M.
P. M. P. M. P. M. P.H, P. M. P.
U.
d.
|
~dT
it.
Nov. -Dee...
16
Deo. -Jan...
Jan.-Feb...
12
12
Peb.-Mch.
Moh. -April.
11
.
April- May
d.
d.
6 11 5 98 5
6 02 5 88 5
5 «7 5 83 5
5 78 5 66 5
5 39 5 31 5
6 09 6 19 6 22
5 99 6 10 tf 13
lune-July
Inly- Aug... 5 93 6 04 6 07
74 5 84 5 88
Aug. -Sept..
10
44 5 47
Sept.-Oot. .
21
26 5 28
Oct. -Nov...
Tune
5
19522 6
165 19 5
15 5 18 5
155 18 6
97
87
82
65
32
23 5 15 5 16
17 5 10 5 10
14 6 07 5 07
13 5 06 5 0b
IS SOB 5 06
.
'I.
d.
d.
04 6 07 6 01
94 5 97 591
89 5 91 5 86
5 73 5 76 571
5 88 5 40 5 38
5 23 5 26 5 22
17
5 17 5 20
6
5
5
\~d7
d.
5 66 S 68 5 74
5 35 5
5 20 5
5 15 5
14 5 12 5
37 5 41
22 26
17
21
14
18
13 6 11 5 13 17
13 5 11 5 13
17
5 14 6 17
5
5
d.
5 ".15 B 98 6 04
6 85 5 88|5 94
5 80 5 82!5 88
13 5 16
18 5 16
.
BREADSTUPFS.
Fbidat, June
24, 1904.
Business in the market for wheat flour has continued slow,
buyers as a general rule showing only indifferent interest,
and their purchases have been almost exclusively of a handto-mouth character. Owing to the continued dulness of the
demand, sellers are beginning to yield and have shown a
willingness to make sales on a lower basis of values. City
mills have been quiet. Rye flour has been quiet and unchanged. Corn meal has had a limited sale at unchanged
prices.
Speculation in wheat for future delivery has continued on
a moderate scale only. The net changes in prices for the
week have been slight, but the tendency has been towards a
higher basis, and a fractional advance in values has been
established. The improvement has been based on a more
bullish character of the foreign crop news.
Reports of
the outlook for the Russian crop have been less promising, and complaints of a drought in Argentina nave been
received. Offsetting, however, the less favorable crop news
from abroad has been the exceptionally promising outlook
for the crop in this country. Weather conditions in the winterwheat belt, where harvesting is in progress, have been favor-
and the spring-wheat crop has been making good progThe buying that has developed has come largely from
shorts to cover contracts and the near-by deliveries have
shown the greatest improvement. One authority says of the
crop situation that wheat is heading favorably where harvesting has begun, and the outcome equals or exceeds previous expectation. The spot market has advanced slightly
and a limited amount of export business has been transacted.
To-day the market was firmer on stronger foreign advices.
The spot market was moderately active and higher.
DAILY CLOSING PRICES OF WHEAT FUTURES a NEW YORK*
able,
ress.
6,801
4,018
Rotterdam -June 18-Steamer Mineola, l»8
Copenhagen-June 21— Steamer Florida, 2,510
Oporto— June 23-Bark Aotlva, 300
Mexico— June 22— Steamer Norhelm. 60
Savannah— To Bremen -June 24 Str. Elswlck Tower, 7,097..
Newport News— To Liverpool— June 18— Steamer Bappahannock, 315
Boston To Liverpool— June 20 -Steamer Saxonia, 938
Baltimore— To Bremen—June 15— Steamer Breslau, 172
June22-Steamer Neokar, 142
Philadelphia—To Liverpool -June 17— Str. Noordland, 451..
San Francisco— To Japan—June 22 Steamer Coptic, 200
To
To
To
To
Hon.
Sat.
June 18.'/tme
0,988
M,l' 7
12,806
Government Weekly Cotton Report.— Mr. James Berry,
Chief of tbe Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday tho telegraptuc
reports on the crop in the Southern States for the week ending June 20. summarizing them as follows
The favorable progress of cotton during the two preceding weeks
has been checked daring the past week In the central and eastern
portions of the belt, where rain Is generally needed and lice are extensively reported. In Tennessee and portions of the Carollnas and
Southern Mississippi, however, the crop continues to do well, and
To Manchester, per steamer Titian, 008
To Hull, per steamer Cmsuelo, 400
To Havre, per steamer La Gasoogne, 52 Sea Island
To Warberg, per steamer Kentuoky, 100
To Lisbon, per steamer Peninsular, 5 s*9.,
New Orleans To Havre-June 23-Steamer Carolina, 6.801.
To Hamburg— June 18—Steamer Sohwarzburg, 3,427
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
lb01-08
Farm— Lbs.
(000f omitted.)
>llund
The
below.
31
1,514031 l,ei«,52« 1,694.118
SlO.301
•On.liS 834.036
Sw.riil,
378.180 6i."2,H"6
105,870
H6.7 5 2I0.<'42
8flS.8(H
81S.4?r256 36Z
216,KOt>
2611
No.2 red winter,
f.o. b...
July delivery In elev
Sat.
Mon.
1074
884
1074
«4
84
DAILY CLOSING PRICES OF
Sept. delivery in elev
Deo. delivery in elev....
WHEAT FUTURES
Mon.
Bat.
7,097
Tues.
Wed.
1074 1074
894
89*
894
844
84
844
8*4
944
843s
Tues.
IN
Fri,
Thurs.
108
10*4
894
844
844
9 >\
Si. *
1
8i *
:
CHICAGO.
Wed.
Thurs.
Fri.
84\
794
844
844
§54
?94
»o4
794
7»4
794
815
80
80
794
804
794
794
968
corn futures have been quiet, and apprehension of
Indian
314
451 a deal in July fntures in the Chicago market baa been a dis200 turbing faotor. According to current talk, a prominent interest tnat engineered a deal in July two years ago and forced
TotaL
27,784
prices to 90c. was again accumulating a large long interest
Livebpool. By cable from Liverpool we have the following in July. Shorts have shown some nervoueness and have been
statement of the week's sales, stocks, &c, at that port.
buying in a moderate way to cover their contracts. The outlook for the growing crop has been reported promising, favorJune 3. June 10 June 17. June 24. able weather being experienced the past week in the corn
Tbe Cincinnati Price Current says that corn in mostly
belt.
bales.
28 000 clean and of good color, bu growth is backward. The spot
Sales of the week
33OO0
40,000
38 00C
Of whioh exporters took. ..
l.OOC
1,000
2,000
3,CO0
market has been qniet but steady. Today the market was
...
1,000
Of which speculators took.
Bales American
28 000 quiet bnt steady. The spot market was unchanged.
38 000
28 000
84,000
Inly delivery In elev
Sept deiiv. m iiev
Deo. dellv. In elev
"4
8469
—
1
'.
-
1
Actual export
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total import of the week.....
Of which American
Amount
afloat.... ............
Of whioh American
2,000
61,000
3,000
41,000
580,000
458,000
43 000
28 000
83,000
40,000
561.000
431,000
25 0O0
000
53 000
538 000
410 000
3
84,000
24,000
69 000
40.000
80O0
93 000
61,000
6 000
50.000
498 000
375 Oi
16 000
9 000
69 000
darket,
p. m.
Monday, Tuesday, Wed'day Thursd'y Friday.
Sat'day.
(
12i:30
Firmer.
Unlet.
Moderate
demand.
Unlet.
Unlet.
6 34
6'40
616
6'22
6 20
6 14
4,000
5.000
4,000
4000
5.000
200
200
4,000
100
500
300
300
Dull.
$
Mid. Upl'ds.
Sales
Spec.
& exp.
Futures.
I
Market,
4 P. M.
Very st'dy Unlet at
2ft»7 pt».
2@9 pts.
;
advance.
I
4Aniln».
I
Unlet at steady
7*16
8311
pts.
rlooHne
I
Easy at
541* pts
ai
pt».
.fivannn
|
ileollnn
I.
o.
b
July delivery In elev
Sept. delivery in elev....
NEV YORK.
Bat.
Mon.
Tues.
Wed.
57
57
57
67
534
534
534
634
58*4
534
634
634
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Bat.
Mon
474
484
44
434
Tues.
Thurs.
57
64
64
Fri.
67
64
58%
CHICAGO.
Wed.
Thurs.
Frx.
484
484
484
484
484
484
484
48%
Sept. delivery In elev....
444
444
444
444
Dec. delivery in elev
434
434
434
434
May delivery in elev
Oats for future delivery at the Western market have been
quiet, but there has been a fractional advance in prices on
buying by shorts to cover contracts in the near-by deliveries,
influenced by indicated temporary light supplies, as the new
crop is expected to be a late one. Locally the spot market
bas been quiet but steady. To-day the market was quiet and
July delivery in elev
474
484
434
434
easier
Unlet at
Firm.
Unlet at
at steady atE'sytost'y
Market:'! Steady
l®4 pts. 3@5 pts. 8e-2 ots. nnch. to
1@2 ptl.
4 pts.
opened
decline,
decline,
deoilne. ,8 pts. adv advanoe. advance.
,
Oaeh eorn
38,000
The tone of the Liverpool market for spots and futures
each day of the week ending Jnne 24 and the daily closing
prices of spot cotton, have been as follows.
Spot.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
DAILY CLOSING PRICES OF OATS IN NEXT YORK.
Thurs.
Fri.
Tuts.
Wed.
Bat.
Mon.
Nom. Nom. Nom. Nom. Nom. Nom.
No. 2 mixed in elev
No. 2 white In elev
Unlet
July delivery in elev
6®0
*ept. rteUvery »n «lev....
Dec. delivery in elev
at
pts.
ndvanfle.
Nom.
Nom.
Nom.
Nom.
Nom. Nom.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Thurs.
Fri
Tues.
Wed.
Mon.
Bat.
384
314
824
384
32
324
394
824
324
894
384
32
32
384
81%
324
324
324
THE CHRONICLE.
2612
LiSV'IL
[Vol..
Tde value of these New York exports since Jan. 1 has been
16.044,440 in 1904, against $8,649,324 in 1903.
Nominal.
Nominal.
Patent, winter
Fine.
Prices of staple lines of printed calicoes have been reduced
City mlllfl, patent. 6 24 «5 80
8upernne
$3 00 ®3 25
Buyers had generally been c mutthis week J^o. per yard.
Rye flonr, superfine 4 00 1*4 70
3 2ft *»3 50
Extra, No. 2
Buok wheat flour.. Nominal.
ing upon a greater reduction than this, as the result oi last
Extra, No. 1
3 25 ®3 90
Corn meal3 80 04 00
Clears
week's radical cuts In other descriptions of cotton goods.
Western, eto
3 00 ®3 05
8tralfhta
4 75 35 90
Business has not been stimulated to any extent, forward
10
Brandywlne
3 05 ®3
Patent, spring
4 90 »5 80
orders for fall deliveries being quite moderate in both numGRAIW.
o.
o.
Corn, per bush—
Wheat, per bush—
0.
0.
ber and volume. There has been no movement in fancy
Western mixed
83 «57^fl
f.o.b.lOlk
N. DuL.No. 1
prints, no new lines being on the market as yet for next
No.
2
mixed
f.
o.
9o%
b.o7»n
N'thern Man., No.2. f.o.b.
Reason. Business in ginghams is of moderate extent without
f. o. b.SB^a
No. 3 yellow
Red winter, No. 2.. f.o.b. 108 >*
f. o. b.56
No. 2 white
Hard winter. No. 2. f.o.b. 89%
quotable change in prices. The demand for bleached cottons
Rye, per bushOats— Mixed, p. bush. 45 «47
nas shown improvement, but there is an absence of individual
Western
»75
65
«53
White
46
operations of importance in any grade. Low-grade bleached
State and Jersey.... Nominal.
Nominal
No. 2 mixed..
Nominal.
Barley— West
Nominal
are decidedly irregular. The home demand for bota heavy
No. 2 white
46!*»51
Feeding
and light-weight brown cottons is dull and but an indifferent
Exports of ttrain and Floor from Pacifle Ports.— The business has been done for export. The tone of the market
exports of grain and flour from Pacific ports for the week is easy and prices irregular. Dacks are in limited request
ending June 24, as received by telegraph have been as follows: and easy to buy. Interest on the part of buyers in such
From San Francisco to United Kingdom, 15,000 bushels coarse, colored cottons as denims, plaids, ticks, etc., is limited
barley and 62,000 buehels wheat; to various South Pacifio to light purchases, the demand being readily mat, as in some
quarters stocks seem to be accumulating. Wide sheetings
ports, 821 bbls. flour.
Combining these figures with those for previous weeks, we sell slowly, with sheets and pillow cases In moderate request.
have the following, which covers the exports to foreign Canton flannels and cotton blankets are dull and without
countries for the period since July 1, 1903, comparison being sppoial feature. Kid-finished cambrics favor buyers. Print
made with the corresponding period of 1902-03.
cloths regulars are nominally 8J^c. without buyers. Business
Oats,
Barley,
Sye in odd goods is quiet and on a lower basis than regulars.
Flour,
Wheat,
Corn,
Mzports
bush
bush.
bush.
bush.
bbls.
bush.
froiH—
Woolen Goods.— Buyers of men's-wear woolen and
46
6.628 7,943,280
1,078
8an Fran. 747.533 1,775 491
344 worsted fabrics nave given but a limited amount of atten970,978
Puget8'd.l.676,670 1,651,725 44,345 718,725
427
1,320,539
Portland.. 883,517 3,378,896
tion t"» the new lines of light-weights for the spring of 1905,
725,7«0 10,219,797
1,422 to which further additions were made this week. There are
Total.. ..8.300,720 6,705,612 44,391
Tot '02-3.3,417,349 25,443,579 51,307 1,017,384 7,483,739 215.132 several apparent reasons for this. The opening is an early
Government Weekly Grain Report.
Mr. James one, the goods so far shown are mostly low grades, which do
Berry, Chief of the Climate and Crop Division of the United not determine the price situation, and the trade is disturbed
Stat s Weather Bureau, made public on Tuesday the tele- by the strike in the wholesale clothing manufacturing trade,
graphic reports on the grain crops in the various States and uncertainty as to how far it may spread. The lines
opened this week show where comparisons can be made, a
for the week ending June 20, summarizing them as follows:
Com.— As a whole, oorn has not made rapid growth in the principal slight average advance in prices over last year. The supplecorn States and is generally reported as small, though heatthy and mentary demand for heavy-weight woolens and worsteds
well oultlvated, except In portions of Nebraska and Kaoias. where It shows a falling off under strike icfiuences, but is still fair for
Is weedy. Good growth, however. Is reported from Oklahoma and
The market has been
this advanced stage of the season.
Kansas and the crop continues to do well In the Southern States,
feature
overcoatings
and cloakings.
devoid
of
in
both
new
though needing rain.
Whitbr Wheat. - Winter wheat has suffered no unfavorable ooudi Sellers of woolen and worsted dress goods are complaining
tions and a general Improvement Is Indicated in nearly all districts, of slow business on general lines,
Orders come forward for
although some lodging Is reported from Sonthern Nebraska. Harvest
only,
whether
for quick delivery or for fall
small
quantities
is In progress In the southern portions of Kansas and Mlsaourl. but no
Carpets are iu moderate d-maud: flannels and
wheat has been out east of the Mississippi or north of the Ohio Ri v er trade,
harvest will begin this week iu Southern Illinois. On the North blankets dull.
Paolflo Coast winter wheat continues In promising condition and it Is
Foreign Dry Goods. The demand for imported woolen
heading In Oregon. Harvest Is In progress In California, where the
orop is light In most sections.
and worsted drees goods is moderate and mostly confined to
Spribo Whbat.—Spring wheat Is making rapid growth and is in the higher grade specialties. Silks are quiet and prices irregpromising condition, although weedy In North Dakota.
Oats.— Less favorable reports concerning oats are reoelved from ular. Ribbons are also quiet. Linens continue firm, but
Burlaps are in slow request
Missouri, where the orop is heading short, and from Illinois and Mich- sales are of indifferent extent.
igan, where it Is in need of rain and warmth
elsewhere the general and favor buyers in prioe.
outltok continues promising.
For otber tables usually given here see page 2379.
Importations and Warehouse Withdrawals of Dry Good*
Following are the closing quotations:
FLOUR
—
—
>
;
THE DRY GOODS TRADE.
Eg
New
York, Friday, P. M., June 24, 1904,
From the action of buyers this week in the cotton-gooda
division, it is evident that in spite of recent marked reduo
tions in quotations the market has not yet reached a price
level fully satisfactory to them. The response to the new
prices last week was spiritless, and although the demand
week has shown some improvement,
has still been
quite conservative. Current requirements on the part of
jobbers, converters and others are of very moderate extent
just now, eo that the restricted volume of supplies in first
hands doss not count as a factor, wbile on forward contracts
whatever anxiety there may be to do business shows more
on the part of sellers tbaa on the part of buyers. As a result there is still considerable irregularity in prices in various directions. This week's open reductions in quotations
have covered staple lines of printed oalicoes, the decline,
however, being less than the trade generally had been looking for. One dis<urbing element is the fact that some large
jobbing houses are offering certain staple lines of cotton
goods under the lower prices made by first hand sellers last
week.
Business in the woolen-goods division has been
quiet, the demand being affected to some extent by labor
troubles in the clothing trade. Collections are not altogether
satisfactory, complaints being frequently heard of payments
beiog backward.
this
©
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packages, valued at 1140,299, their destination being to the
points specified in the tables below:
M
a
|
«JCO
Great Britain
18
1
China
India
3
450
18
Central America
South Amertoa
Other Countries
242
564
344
Since Jan.
1.
Week.
(0
I
-J to
!
tOW
I
CO 00 OP
O
OBi->
»©<>
co
tO
1.
CO
to
427
481
57
67
1,171
83,603
4,470
11,423
4,694
9,495
1,128
6,979
26.728
8,044
4,339
1,439
3,401
1,008
609
67
222
106,372
8,103
21,304
6,487
15.207
1,476
5,752
1,416
80,30
268
5,231
107,372
12,877
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—
June
—
,
THE CHRONICLE.
25, 1904.]
AND 01TY B£P^^TM£WT,
gT/lT£
2613
1904.
Denomination. $2,000, except one bond of $1,000.
Interest, semi-annually at First National Bank, Antigo.
Maturity, one bond June 15, 1908. and one bond each year
thereafter. Authority, Seotion 925 11, Statutes of 1898.
Appanoose County (P O Cenirevllle). Iowa,— Bond Sale.
This county eold on Jtne 6 $85,000 4% 5 10 year (optional)
funding bonds to Geo. M. Becht^l
Co.. Davenport, for
Denomination, $1,000. In135,185. Date, June 15, 1904.
*
News
Items.
Kansas.— Change of Fiscal Agency.— The National Park
Bank has been designated as the fiscal agency in the city of
New York for the State of Kansas, commencing July 1, 1904,
in place of the National City
Bank.
Bond Calls and Redemptions.
—
&
terest,
semi-annual.
Appleby Independent School District Nacogdoches Co.,
Tex4»s.- Bond Sale.-The State Board of Education recently
purchased as an investment for the Permanent School Fund
an issue of $1,500 school bonds of thin district.
Ashland County (P. 0. Ashland), Ohio.— Bond Offering.
—
Anderson, Madison County, Ind.—Bond Call. — Chae.
Kemery, City Treasurer, calls for payment July 1 at the Proposals will be received until 10 A. M., July 6, by the
Fourth National Bank, New York Ci',y, Fifth Street im- County Commissioners, at the office of E. B. Weetover,
provement bonds No, 4.
County Auditor, for $85,000 6t bridge bonds. Denomination,
Clyde, Cloud County, Kan —Bond Call.—G. G. Goodwin, $1,000. Date, July 1, 1904. Interest, semi-annual. MaturCity treasurer, calls for payment June 30 bonds Nos. 1 to 5,
ity, $1,000 each six months from July 1. 1907, to Jan. 1, 1909,
inclusive, for $1,000 each, issued Dae. 15, 1887, in aid of the inclusive; $2,000 each eix months from July 1, 1909, to July 1,
Chicago Kansas ^ Nebraska Railway.
1916, inclusive, and $1,000 Jan. 1, 1917.
Aocrned interest to
Danville, Kj.— Bond Call.—The Board of Council calls for be paid by purchaser. Authority, Sections 871 and 2825
payment July 1 at the National Bank of Commerce in New of the Revised Statutes of Onto.
York water works bonds Nos. 1 to 80, inclusive, of $1,000
Atchison, Kan.— Bond Election.— An election will be held
each and dated July 1, 1894. Interest will cease on the above June 29 to vote upon the question of issuing $30,000 improvedate.
ment bonds to aid the city's coal-mine project.
Bond Call.—
Grant Township, Barton County,
Auburn, Me.— Bond Offering.— Proposals will be received
Call is made for payment July 1 at the State fiscal agency in until 12 m, June 27, by A. C. Sprague, City Treasurer, for
New York City of all Q% railroad-aid bonds issued Nov. 1 $23,500 %%% 20-year municipal- refunding-loan bonds. Date,
Tbis is the only issue outstanding against the town- July 1, 1904. Interest semi-annually.
1886.
Frank Pospishel is Township Treasurer.
ship.
Belleville, 111.— Bond fale.—Oa May 81 this city sold an
Homestead Township, Bartoa County, Kan. Bond Call. issue of $6,300 5% school house bonds at 103*175. Denominafl. H Smith, Townsaip Treasurer, calls for payment July
tion, $300.
Date, July 1, 1904. Interest annually in July.
1 at the State fiscal agency in New York City all 6# railMaturity, $600 yearly after 1906.
road-aid bonds of this township, Issue Nov. 1, 1886. These
Bloom field, N. J.— Bond Offering.— Proposals will be rebonds are all that is outstanding against this township.
Independent Township, Barton County, Kan. Bond Call. ceived until 10:30 a. m., July 5, by William L. Johnson, Town
All 6% railroad-aid bonds of this township, issue Deo. 1, Clerk, at his office in Bloomfield or at the United States
1886, are cnlled for payment July 1 at the State fiscal agency
Mortgage & Trust Co., 55 Cedar Street, New York City, for
In New York City. The township has no other bonds out$25,000 4% coupon (with privilege of registration) fire-departstanding. Din Carey is Township Clerk.
ment bonds. Date, July 1, 19C4. Denomination, $1,000.
The
Commissioners
Bond
Call.—
of
the
Milwaukee, Wis.—
Public Debt call for payment June 30, at the offioe of the Interest semi-annually at the office of the United States
City Treasurer, the following bonds
Mortgage & Trust Co,, New York City. Maturity, July 1,
General city bonds of 1885, $1,000 each. Nob. 440, 474, 485 and 496.
1924.
Bonds will be certified to as to genuineness by the
General city bonds of 18*8, $i,0ou each. Nos. 681 and 574.
Water bonds of U»8«, $1,000 each. Nos. 189, 18S, 198, K43, 245. 251, 593, 326,
United
States Mortgage & Trust Co. and their legality ap
s«2,
365 and 883.
349. 39
Water bonds of 1&87, $1,000 each. Nos. 452,493,499.619,623,624,628,629,
proved by J. H. Caldwell, Esq., of New York City, whose
632 and 645.
Mobile, Ala. Bond Call. C. E, McL a an, Mayor, called opinion will be delivered to the purchaser. A certified check
for payment June 14 paving bonds, Series "B,"Nos. 51 to 60, for 3% of amount of bid, payable to Harry L, Osborne, Town
inclusive. Holders of these bonds are notified that on and
Treasurer, required.
after July 1 these bonds will be paid in full, with six months'
The official notice of this bond offering will be found among
interest, upon presentation, by the City Bank & Trust Co.,
Mobile, and will not bear interest after said date.
the advertisements elsewhere in this Department.
Nebraska.— Warrant Calls. State Treasurer Mortensen
Buffalo, N. T.— Bond Offering.— Proposals will be recalled for payment May 27 $50,000 warrants, Nos. 101,018 to
ceived until 12 m., June 80, by F. W. M, Heerwagen, City
101,426, inclusive; also, on June 16, $50,000 warrants, Nos.
Comptroller, for the $50,000 4% registered refunding water
101,427 to 102,143, inclusive, and calls for payment on June
bonds mentioned in last week's Chronicle. Maturity, $5,000
28 $50,000 warrants, Nos. 102,144 to 102,659, inclusive.
yearly on July 1, from 1905 to 1914, inclusive. Authority,
Salt Lake City, Utah.— Bond Call.— Fisher S. Harris, City
Section 7 of the General Municipal Law of the State of New
Treasurer, calls for payment July 1, at the banking house of
York, Chap. 635 of the Laws of 1892, as amended by Chap.
Wells, Fargo & Co. in New York City and in Salt Lake City,
466 of the Laws of 1893, as amended by Chap 54 of the
or at the offiue of the City Treasurer, $548,000 5* bonds,
Laws of 1897 and Chap. 383 of the Laws of 1901 of the State
dated July 1, 1893, and subject to call after ten years. Bonds
of New York.
called are Nos. 1 to 523, inclusive, and Nos. 576 to 600, inProposals will also be received at the same time for the
clusive, each bond being for $1,000.
$50,000 %%t registered Quarantine Hospital bonds which were
Tipton County, Tenn.— Bond Call. John Y. Peete, Chair- offered but not sold on May 21. Maturity, $2,500 yearly on
man, called for payment June 8 at the Union <fc Planters' July 1 from 1905 to 1924, inclusive. Authority, Chap.
527,
Bank of Memphis county bonds, series "D," Nos. 86 to 101, Laws of the State of New York of 1900.
inclusive.
Bonds of both issues will be dated July 1, 1904. Interest,
Walnut Township, Barton County, Kan.— Bond Call. — semiannually at the office of the City Comptroller or at the
Joseph Baher, Township Treasurer, calls for payment July Gallatin National Bank, New York City, at option of pur1 at the S*ate fiscal agency in New York City all outstanding
chaser. Proposals must state the price per one hundred doltownship bonds issued in aid of the Kansas & Colorado Rail- lars of said bonds. Accrued interest to be paid by purchaser.
road In November, 1886. Bonds carry 6£ interest.
Proposals must be made for each issue separately, and a
certified check for 2% of amount of bid, payable to F. W. M.
Comptroller, is required.
Proposals and Negotiations this Heerwagen,
Sale.— A $1^078 43 8* judgment bond has been
Bond
week have been as follows:
awarded to the City Comptroller in trust for the Erie RailAdams County (Wash.) School District No. 37.— Bond road Grade Crossing Sinking Fund as an investment of said
Sale.— On May 21 an issue of $5,000 4%t 10-20-year (optional) fund. Bond is dated Jnne 1, 1904, and principal and interest
bonds was sold to the State of Washington at par. Date of will be payable at the office of the City Comptroller July 1,
Km—
.
—
—
:
>,
—
—
—
Bond
bonds,
May
21, 19 4.
1905.
Aliquippu, Beaver County, Pa.— Bond Offering.— Proposals will be received until July 5 by W. D. Craig, Secretary of Borough Council, for $15,000 4%t bonds, free of tax.
Interest, semi-annual. Denomination, $500.
Maturity, $500
yearly on September 1 from 1905 to 1934, inclusive. Bonds
to be delivered Sept. 1, 1904.
A certified check for $500, payable to the Borough Treasurer, required with each bid.
Alliance, Ohio.— Bids. The following bids were received
on June 18 for the $6 650 5* bonds described in V. 78, p. 2845:
W. R. Todd & Co., Cincinnati .$6,981 00 Lamorecht Bros. Co.. Oleve. ..$6,883 41
Heasons;ood& Mayer, Ctncln.. 6,94a 25 Sec. 8av. Bk.&Tr. Co.. Toledo. 6.880 00
Harden. Miller & Co., Oleve.. 6,9v6 00|8.A. Kean, Chicago
6,683*5
Well, Both & Co., Clncln.
6,893 00
Alliance, Pa.— Bond Offering. Proposals will be received
until 5 p m
July 14, by R. P. Lantz, Borough Secretary,
for $34,000 l%% street-macadamizing bonds.
Antijro, Wis.— Bond Offering.— Proposals will be received
until 4 p. m June 30, by A. M. Arverson, City Clerk, for
$25,000 i% coupon school- building bonds. Date, June 15
,
—
l
I
|
,
,
—
—
Proposals will be re
Barlington, Tt.—Bond Offering
ceived until 10 A. M. today (June 25), by L. C. Grant, City
Treasurer, for $58,000 4% 80-year electric-light bonds (see V.
77, pp 1315 and 1554; V. 78, p. 1797,) and $88,000 4* 80-year
Dare, Jnly 1, 1904.
school bonds. Denomination, $1,000
Interest semi-annually at the City Treasurer's office. Bonds
will be coupon or registered, at the option of the purchaser.
Chase City, Va— Bonds Not Sold.— We are advised that the
$20,000 6j 20-year street-improvement bonds described in V.
78, p. 1921, which were offered, but not sold, on May 19, and
were again offered on June 6, have not yet been disposed of.
Chester, Pa.— Bond Sale.— The $70,000 4% refunding bonds
described in V. 78, p. 2454, for which proposals have been
asked until June 29, have been sold to the Commissioners of
the 8inking Fund ac par as 8^ per cents.
Cincinnati, Ohio.— Bond Sale.— On June 20 the $500,000
d}4t terminal bonds described in V. 78, p. 1976, were awarded
Co. of Cincinnati at 100-045 and accrued into W. R. Todd
&
—
:
THE CHRONICLE.
2614
ttrttt.
A joint bid of par and accroed Merest was received
from the Citizens' National, National Latayttte and Fifth
National banks of Cincinnati.
Bona Sate.— On Jnne 24 the $1,075,000 3 65% water-works
bonds described in V. 18, p. 2028, were awarded to W. R.
Todd & Co., Cincinnati, for $1,099,183.
Cleveland Heights, Ohio.— Bor.d Sale.— We are advised
that the $15,5(0 5% Grand view improvement bonds described
in V. 78, p. 2316, were awarded on Jane 21 to Feder, Holz
man & Co., Cincinnati, for $16,122 50 and interest. A full
list
— —
'
of bids will be feiven next week.
Collin wood, Ohio.— Bond Sale.- On June 6 the $40,000 5<£
St. Clair Street improvement bonds described in V. 78, p.
1921, were awarded to Denieon, Prior & Co., Cleveland and
Boston, at 101 093.
Coon Rapids (Iowa) Independent School District.— Bond
Sale.— On Jnne 20 the f 3,500 school bonds desoribed in V. 78,
p. 2399. were awarded to Geo. M. Bechtel & Co., Davenport,
at 100-714 for 4)4 per cents. Following are the bids :
For 5% Bond*— (Cont.1
For t]>i% Bond*.
a. M. Bechtel & Co.. DaVport.*S,525 00 Geo. M. Brinkerhoff, Sp'gf 'Id. $3,521 25
3.620 00
Squire & Annls, Coin). Blufls. 3.500 00 H. C. Speer & Co.. Chicago
3,510 50
8. A. Kean. Chicago
tor 5% Bona*.
Noble, Moss & Co.. Detroit.... 8,660 00 MacDonald, McCoy & Co.. Chic. 3,500 00
For 5H% Bond*.
Browne, Klllnwood&Co.,Chtc. 3.558 00
DukeM. Karson&Co.. Chic... 8,536 00 Trowbridge & Nlver Co.. Chic. 3,507 00
Cooperstown (N. Dak.) School District.— Bond Sale.—
This district recently sold an issue of $15,000 4% 20-year
school bonds to the State of North Dakota at par. Denomination, $5,000. Date, June 1, 1904. Interest semi annually
[Vol. lxxviii.
Denomination, $500, except one
annually on January 1 at the
Gainesville National Bank. Maturity, §500 yearly on January 1. Bonds may be registered with the Treasurer of the
distriot if cesired. The terms of sale will be 10;? of bid in
cash, certified check or New York draft, payable to Fred. M.
Bristol, Treasurer, and the balance within ten days on delivery of the bonds; or the bonds will be delivered on the
day of the sale on full payment at the option of the pur5>6,7UU
4% ecfcool
bocd for
$200.
bonds.
Inteiest,
chaser.
We
are adGrand Forks County, N. Dak.— Bond Sale.—
vised that the $33,500 coupon drainage bonds described in V.
78, p. 726, which were offered but not sold on April 4, were
awarded on June 3 to Close Brothers, Chicago, at par for 7
per cents,
Grand Rapids, Mich. Bond Offering.— Proposals will be
received until 4 p. M., July 2 (time extended from June 18)
by John L. Boer, City Clerk, for the $90,000 20-year waterworks bonds described in V. 78, p. 2455. The interest rate
has been changed from 3}£#, as given in the offering for June
18, to 4 per cent.
Grant County (P. 0. Marion), Ind.— Bond Offering.—
Proposals will be received until 2 p. m., July 2, by Harry
Goldthwalte, County Auditor, for $25,000 4% coupon bridge
bonds. Denomination, $1,000. Date, July 1, 1904. Interest,
annually at the banking house of Winslow, Lanier
Co. New
York City. Maturity, $5,000 on July 1, 1909, arid $5,000
yearly from 1910 to 1913, inclusive.
certified check for d%
of the par value of the bonds, drawn against moneys deposited in any reliable bank in Grant County, and made payable to the Board of Commissioners, is required. Present
bonded debt of countv, $120,000. Total taxable property,
$28,475,000. An official circular states that the county has
never defaulted in payment of principal or interest.
Description of Bonds.—The $21,000 6% gravel-road bonds
which were sold, as we stated in V. 78, p. 2400, to J. F. Wild
& Co., Indianapolis, for $22,000, are in denomination of
Date, June 2, 1904. Interest, semi-annually. Ma$500.
turity, part yearly beginning 1906.
Greenfield, (Mass.), Fire District No. 1.— Notes Authirteed.—This district has authorized the issuance of $70,000 4%
notes. Maturity, $3,500 yearly from 1905 to 1924, inclusive.
Greenville, Miss. Bond Sale.— On June 1 this city sold
Co. of
$50,000 1% 20-vear paving bonds to Albert Kleybolte
Cincinnati.
are advised that the price paid for the
securities was "over par."
Denomination, $500.
Date,
June 1, 1904. Interest, semi-annual.
Grundy Center, Iowa.—Bond Sale.— This town recently
sold to Geo. M. Bechtel
Co. of Davenport an issue of $6,000
43^£ 20 year refunding water bonds at 101 "25. This issue is
to refund part of an issue of $11,000 which becomes due on
August 1; the balance ($5,000) is to be paid at maturity.
Haddonfleld, N. J.— Bond Sale.— On June 18 the $36,000 4%
sewer bonds descrioed in V. 78, p. 2347, were awarded to
Lawrence Barnum
Co., New York City, at 101 and inter-
&
,
A
in January and July.
Crawford County (P. 0. Bucyrus) Ohio.— Bond Offering.—
Propoeals will be received until 12 M. July 6, by the Road
Commiesioners of Road District No. 1 at the County Auditor's
office for $30,000 5% coupon road-improvement bonds.
Denomination, $1,000. Interest, semi-annually, on Ftbiuary 1
and August 1, at the County Treasurer's office. Maturity,
$10,000 yearly on August 1 from 1909 to 1911 inclusive. Successful bidder must furnish blank bonds.
certified check
for $200 drawn on a bank in Crawford County and payable to
the County Auditor is required. Authority, Section 4757—
1 et seq. of the Revised Statutes of Ohio.
Day tow, Ohio. Bond Offering— Proposals will be received
until 12 m. July 16, by Edward Philipps, City Auditor, for
$20,000 4% coupon storm- water-sewer bonds. Date, August 1,
1904.
Denomination, $1,000. Interest, semi annually in the
City of New York. Maturity, $5,000 yearly on August 1,
from 1909 to 1912, inclusive. Proposals must give the price
bid for each $1,000 of bonds and for the entire issue.
certified check on a national bank for $1,000, without any conditions whatever endorsed thereon, payable to the City Anditor, required.
Bonds will be delivered to the purchaser at
the office of the City Treasurer on Aug. 1, 1904, when the purchase money must be paid in full.
Dorchester County (P. O. Cambridge), Bid.—Bond Offering.— Proposals will be received until 12 M., June 28, by the
Board of County School Commissioners J. G. Mills, Presi- flflfj
dent—for $12,500 4% school bonds, free of tax. DenominaHamilton, Ohio.— Bond Sale.— On June 21 the $90,000 4%%
tion, $500.
Interest semi-annually on January 1 and July 1.
general- Improvement bonds described in V. 78, p. 2029, were
Bonds will be issued in five series of $2,500 each, said series awarded to Denison, Prior
Co., Cleveland and Boston, at a
being payable in five, ten, fifteen, twenty and twenty-five
premium
of $4,668 and interest. Following are the bids
years, respectively. Authority, Chapter 160 of the Acts tf
Prior £ Co., CleveHarden. Miller & Co.. Cleve. $93,825 00
the General Assembly of Maryland, passed at January ses- Denison,
land and Boston
$94.668 00 Fnller, Parsons & Snyder,
A
&
We
A
&
&
—
&
P. S. Briggs
sion, 1904.
Eureka, Cal.— Bond Sale.— We are advised by wire that
the four issues of 4%% bonds described in V. 78, p. 2454, weie
awarded on Jure 21 as follows
$100,000 city-hall bonds at
101-35 and $35,0C0 sewer bonds at 100*714 to the AdamsPhillips Co., Los Angeles; $15,000 fire-apparatus-purchase
bonds and $5,000 Forest Park bonds at 101 to the Bank of
Eureka.
Evanston, 111.— Bond Offering.- Proposals will be received until 12 M., July 1, by William S. Mason, City Comp
troller, for $31,600 4% coupon library-site bonds. Date, July 1,
1904.
Denomination, $500, except one bond, which is for
:
&
Co.. Cincin.... 94.660 00
Co., Cleve.. 91,535 00
1
Cleveland
Prov. 8av. B'k
93,690 00
4 Tr. Co.. Cin. 93,150 00
Hartford, Conn,— Temporary Loan.— This city has borrowed $450,000 from the iEtna Life Insurance Co. of Hartford at 4%, on demand notes. The loan will be paid from the
issue of Connecticut River bridge bonds, the offering of
which on June 29 was reported bv us last week.
Lamprecni Bros.
Hudson, N. Y.— Bond Offering.— Proposals will be received
by Wm. S. Hallenbeck, City Clerk, for
$220,000 4% registered water- improvement bonds. Denomination, $1,000. Interest, annual. Bonds Nos. 1 to 120, inInterest semi-annually at the office of the City Treas$600.
urer. Maturity, three bonds yearly on July 1 from 1905 to clusive, will bear date of and draw interest from July 1, 1904,
1917, inclusive, and four bonds yearly on July 1 from 1918 to and will be delivered to the purchaser on or before July 12,
1923, inclusive. A certified check for the full amount of 1904; bonds Nos. 121 to 220, inclusive, will bear date of and
bid, payable to the City Treasurer, required.
draw interest from Oct. 1, 1904, and will be delivered to the
Pall River Mass.— Bond Offering.— It is stated that proposals will be received until 10:30 a. m. to-day (June 25), by purchaser on said date. All bonds will be delivered at office
Chas. P. Brightman, City Treasurer, for $150,000 3%% 20- of the City Treasurer. Bonds will be payable on July 1 as
year special school-house bonds. Bonds will be dated Julv 1. follows:
$5,000 in 1906, $6,000 in 1907, $7 000 in 1908, $8,000 in
J
1904.
until 12 M., July 2,
'
We
Fitch burg, Mass.— Bond* Not Sold.—
are advised by the
City Treasurer that the report in some papers that $10,000
school-repair bonds have been authorized and sold to the
Sinking Fund Commissioners is incorrect. Mr. Clifford says
"there has been no such loan authorized as yet."
Fulton County (P. O. Wauseon), Ohio.— Bond Offering.—
Proposals will be received until 11 a. m., July 9, by the
County Commissioners, at the office of J. E. Merrill, County
Auditor, for $90,000 4%% gravel and stone-road improvement
bonds. Denomination, $1,000. Date, July 1, 1904. Interest
semi-annually at the office of the County Treasurer. Maturity, $8,000 yearly on January 1 from 1905 to 1914, inclusive, and $4 000 yearly on July 1 from 1905 to 1914, inclusive.
A certified check or certificate of deposit for $500, made payable to the County Treasurer, is required.
Gainesville (N. Y.) Union Free School District No. 9.
—Bond Offering.— At 2 p. m,, July 1, this district will sell at
public sale at the Gainesville National Bank an issue of
1909, $9,000 in 1910, $10,000 in 1911, $11,000 in 1912, $12,000 in
1913, $13,000 in 1914, $14,000 in 1915, $15,000 in 1916, $16,000
in 1917, $17,000 in 1918, $18,000 in 1919, $19,000 in 1920, $20,-
000 in 1921 and $20,000 in 1922. Authority, Chapter 187, Laws
of 1904, passed April 4, 1904.
certified check for 2% of
amount of bonds, payable to the City Treasurer, required*
and the successful bidder must pay accrued interest,
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
are advised that
Hudson County, N. J.— Bond Sale.
the three issues of 4% bonds described in Y. 78, p. 2400, were
awarded on June 20 to N. W. Halsey
Co., New York City,
as follows
1155,000 20- year Newark Plank Road bridge bonds at 102*857.
A
—We
&
:
159,000 10-yeai Paterson Plank Koad improvement bonds at 101°5S2
46.000 20 year Arlington Avenue bridge bonds at 102*867.
Following are the bids
:
—
June
20-Year
W. Halsey &
101 own
101210
102120
101125
interest.
amount
total
of
Commercial Trust
Co., Jersey
City
100-270
W. Harris A Co., New York. 101-769
Irontou, Ohio.— Bond Sale.— On June 21 the $4l.0C0 5*
coupon bonds (four issues) described in V. 78, p. 2847, and
which bids were opened on June 16. were awarded to
Weil, Roth & Co. of Cincinnati at 111-40. Following Is a
list of the bids received on tbe four separate isru^s
for
:
$5 0C0
$5,000
*26,O00
Fire Devt.
Stiver.
#05 00
St. /tap.
»576C0
TTVifer Mnin.
$«( 6 00
6^4 60
Seasongood & Mayer, Cincinnati
fBKO
P. S Brine* A Co.. Cincinnati
S. Kuhn \ < fib. Cincinnati....
662 60
Cincinnati...
527 00
Feder. Holzraan & Co..
619 00
Lamprecht Bros. Co.. Cleveland
664 60
654 60
66100
661
Weil. Roth
*
Co., Cincinnati
H»y<ien. Miller A Co., Cleveland
Dentaon. Prior & Co.. Cleveland
W. J. Hayes & Sons. Cleveland
W. R. Todd & Co.. Cincinnati
Cincinnati Trust Co., Cincinnati
Manstield Savings Bank
A. C. Case. New York
Noble. Moss A Co. Detroit
K. J. Horschel, Ironton
The following
.
600 00
62" o'i
519 CO
608 60
490 60
4«6 00
512 60
4C5 "0
402 50
860 00
832 75
532 60
460 50
466 00
405 00
402 60
:'50
00
832 75
8ec. Sav. B'k A Tr.Co.,Toledo 46,699 00
1st Nat. B'k. Columbus. 45,551 00
Spltzer A Co., Toledo
44,906 00
New
<
2.HS.S
a,sni:
40
on
500
2.7SO
O'i
530 25
2,78660
619i0
2,701
I
'O
6J
60
60
00
60
00
50
00
76
2,(113
total
amount
602
490
466
512
40*
402
860
S38
2,5f
2,420
2.H65
8,086
2.076
1 ,820
1,730
.
00
00
00
00
80
43000
were received for the
bids
(141,0(0) of bonds:
Union Sav. Bk. A Tr. Co., Cin. $45,717 50
I
|
I
I
H
K2S70
N.
*5,<
1
102 280
:
..101 '785
:>G
20Macon, Miss.— Bond Sale.— On Jnne 21 the §30,001
year water-works bonds described in V. 78, p. 2347. were
awarded to John Nuveen & Co., New York, at 101-79 and
102-857
The following bids were received on the
Konntze Bros., New York
5
101*682
lOl'XOo
10-Year
Bond*.
Bonds.
Co.,
F.M.Davles
bond-
—
THE CHRONICLE.
25, 1904.]
New York
K. II. Rollins A Sons. Boston
Rhoades & Richmond, New York
Grant & Co
N.
—— —
.
A. Kleybolte & Co.. Cinoln.. 144.690 00
Prov . Sav. B'k A Tr. Co.. Cm 44.690 00
Parsons
Cleveland
Fuller,
A
Snyder
44.280 CO
Janesville, Minn.— Bond Sale.— On June
16 the $25,000 5%
coin on bonds described in V. 78, p. 20i9, were awarded to
N. W. Harris
Co., Chicago, at 105 and accrued interest.
Following are the bids
N. W. nnrrls * Co., Chicago. .$26,250 00 8. A. Kean. Chicago
$25,825 00
28.2;-i0:ou
Duke M.Farson ACcChlc. 26,25100
KmeACo. Minneapolis
C. A. Boalt & Co., Winona... 20,100 00 J. H. Holmes, Chicago
25,260 to
John Nuveen A Co., Chicago. 25.970 0O Browne & Co
25,187 00
Security Trust Co
25,800 00 A. C. Case, New York
23,151 CO
Chas. H. Coffin, Chicago
25,10100 W.J. Hayes* Sons, Cleve... 24.816 00
&
:
Jersey City, N. J. Bond Sale.—-We are advised that this
on June 15 sold $350,000 A.% 30-year registered highschool bonds to the Commissioners of the Sinking Fond at
par.
Date, July 1, 1904. Interest, semi-annual.
Bond Authorized and Sold.— On June 15 the Board of Finance authorized the issuance of a $10,500 bond for a new fire
house. Authority, Act of 1903. $1,000 of the indebtedness is
to be paid yearly. The Sinking Fund Commission will take
the bond.
Kansas City, Mo.— Bond Offering.— Proposals will be received until 2 p. ii., July 11, by Jay H. Neff, Mayor, and A,
E. Gallagher, Comptroller, for $600,000 4* 20 year coupon
water- works bonds. Date, Jan. 1, 1904. Denomination,
Interest, semi-annually at office of City Treaanrer or
$1,000.
city
(P. O. Young&town). Ohio.— Bond
CommiH.^i- ners are offering for sale
on July 6 an is^ue of $25,000 4}^£ bridge bonds. Maturity,
$2,000 yearly, the last instalment becoming due in 1917.
Marysviile, Ohio.— Bond Offering
Proposal* will be received udtil 12 m., Jnly 12, by Lou. W. Hazen, Village Clerk,
for the following bonds
$52,000 5jt Fifth Street paving bonds, payable in two yean and nine months to
Mahoning Connty
— The County
Offering
—
:
twenty
80.5C0
yei.rs
mid
six
months from date
<>f
issue.
.Maui Street paving bnid<, payable In i wr> j .'ars and nine
twenty years and six muni lis from date of Issue.
t>%
months to
4,600 b% Maple 91 reet paving bonds, payable in three years and nine months
to nine years from date of ll
1,260 5$ "Wall Street" Alley ravins.' bonds, payable In two years and nine
months to four years and nine months from date of issue.
Bonds are all dated July 1, 1904. Denomination, $500. Interest, semi-annual.
Authority. Section 95 of the Municipal
Code and Section
2835, Revised Sta utes of Ohio. Accrued,
interest to be paid by purchaser.
Certified check for $500 required with the $52,000 issue, for $200 with tbe $20,500 issue,
for $50 with the $4,5G0 issue and for $50 with the $1,250 issue,
checks to be made payable to the Village Treasurer.
Matteawan, N. l.—Bond Offering.— Sealed bids addressed
to the Village President will be received for$l25.000 sewer
bonds to be offerf d at public sale at the Town Hall in said
village at 2 p. m., June 29. Date, July 1, 1904. Interest, to
be named in lid, payable semi-annually, and will be remitted to the registered holder in New York exchange. Maturity, one bond of $4,000 and one bond of $166 67, payable
at tbe Matteawan National Bank yearly on Jnly 1 from 1905
to 1934, inclusive. Authority, Chapter 414, Laws of 1897,
and Chapter 415, Laws of 1904. Tbe official circular states
that the vi llage has never defaulted in pajment of principal
or interest.
Melrose (Idaho) School District No. M.-Bond Sale.-On
June 1 this district sold $1,000 5% 5-10-year (optional) schoolhe use bonds to the State of Idaho at par. Denomination,
$500. Interest, semi-annual.
Milton, Mass. Bond Offering —Proposals will be received
until 4 p. m., June 28, by J. Porter Holmes, Town Treasurer,
for $10,000 i% registered sewer bonds. Date, July 1, 19n4.
Denomination, $1,000.
Interest, semi-annual.
Maturity,
#1,000 yearly on July 1 from 1905 to 1914, inclusive. Bonds
were voted at a town meeting held March 7, 1S04. A certified check on a Boston national bank for $500, payable to
town of Milton J. Porter Holmes, Treasurer required with
—
—
each bid.
Milwaukee, Wis.— Bond Sale.—On June 22 the $220,000 4*
1-20-year (serial) coupon bonrls (five issues) described in V.
Sons, Chicago,
78, p. 2456. were awarded to E. H. Rollins
at 103-87. Following are tbe bi^s
K. n. Rollins A 8ons. Chic..$2?8.515 CO Blake Bros. A Co.. Boston.. .$827.2^0 00
N. W. Halsey A Co Chic... 2.8,404 00 Tweedy A Wall, Milwaukee. 287,150 00
Wisconsin Trust A Sec. Co.,
L/enison. Prior 4 Co., Cleve2J8,?fifl22
826,812 00
Milwaukee
'aDdand Boston
Konntze Bros.. New York.. 228 21*) 80 Street. WykeB & Co., N. Y... 226.754 00
&
:
,
Bank in New York City, at the option of the
N. W. Harris A Co., Chic.
ii2*,01l o
Second Ward Savings Bank,
must be made on a blank form furnished R. L. Day & Co..
223.350 00
M Iwaukee
New York. 2V7.942 00
E. Y. Uutton &Co., N. Y.... 227,Citizens' Trust Co., Milwauby the city, and must be accompanied by a certified check on Karson. Leach A Co.. Cbic. 22T.4
102,16000
kee
n $H0,OO(')
Merch'ts' L'n
Tr. Co.. Chi. *>r;,4i0 00 Chas. H. t offln, Chicago (on
a national bank in Kansas City, payable to the City Comp- W.J. Hayes AASons, Cleve.. 227,417.00
25,501 00
$26,000)
troller, for 2% of amount of bid.
The legality of the bonds
Moers Union Free School District No. 3, N. f.— Bond
will be approved by Messrs. Dillon & Hubbard, New York Sale.— On June 23 the $9,575 4g scbool bonds described in V.
2456, were awarded to tbe Plattsburg National Bank
City, and their opinion to that effect, or duplicate thereof, 78, p.
at 101 '25. A list of the bids will be given next week.
will be delivered to the purchaser or purchasers of said
Moiine (111.) School District.— Bond Sale.-Thie district
at the Oriental
holder.
Each
..
bid
...
(<
bonds.
The
official notice
of this bond offering will be found
the advertisement 8 elsewhere in this
among
Department.
has sold $27,100 5% school-building bonds to the First National Bank of Molme at 101651. Date, July 1, 1904. Denomination, $1,000. Interest, annual. Maturity, 1905 to 1913.
Montague, Franklin County, Mass. Bona Sale.— We are
Lake County, XLlnn.— Bonds Not Sold. We are advised advised that this town on Ju-.e 16 sold $48,000 4.% nigh-scboolthat all bids received on June 21 for the $45,000 b% court- building bonds to Blodget, Merritt & Co., Boston, at 101'690.
house bonds described in V. 78. p. 2455, were rejected.
Denomination, $500. Interest, June 1 anri December 1.
Lees Creek School District, Wayne Township, Clinton
Montrose (Colo.) School District No. 1— Bond Sale.— We
Coanty, Ohio.— Bond Sale.—-This district sold on June 4 are advised that the $10,000 5-15-year school-house-bnilding
$6,000 H school- building bonds to the Clinton County Bank
bonds mentioned in V. 78, p. 1978, have been tcld at 99 for 5
for $6,260.
Date, June 1, 1904. Denomination, $l,CO0. In- per cents, "buyer to do all the necessary work."
terest March and September. Maturity, $2,000 yearly from
Mora, Minn.— Bond Sale.— On June 17 the $12,000 water
1905 to 1907, inclusive.
bonds described in V. 78, p. 2247, were sold to TJ. M. StodLewistown, Pa.— Bonds Voted. This place recently voted dard & Co., Minneapolis, as h% per cents at a premium of
—
—
in favor of issuing $100,000 sewer bonds.
Lincoln Connty School District No. 96, Washington.—
—Bond Sale- On June 18 $3,000 4%% 10 20- year (optional)
bonds of this district were sold to the State of Washington
at par. Denomination, $500. Interest, annual.
Liverpool Township (Medina Connty, Ohio) School
District.—Bond Sale.-On June 18 the $5,000 5* schoolbuilding bonds described in V. 78, p. 2455, were sold to the
Medina Ccunty National Bank, Medina, Ohio, at 100 70.
There were no other bidders.
Lorain, Ohio.— Description of Bonds.—The $165,000 i%
river-improvement bonds which we reported last week as
having been sold to G. H. Breyman & Bros, of Toledo, contractors, at par and accrued interest from March 1 to date of
delivery, are in denomination of $1,000. Date, June 15,
1908.
Interest, semi-annually in March and September. Maturity, $5,000 yearly from 1933 to 1962, and bonds are subject
to call after 15 years.
Lower Merion Township (P.
Ardmore), Pa.— Bond Sale.
—On June 8 the $165,000 4£ bonds described in V. 78, p.
2347, were awarded to Newburger Bros. & Henderson, Pniladelphia, at 103'03. Bonds are issued for sewer and other
township purposes.O.
Full list of bids wili be given
$25, interesi and blank bonds.
next week.
Mount Airy, Ohio.— Bids The following bids were received on June 21 for the $10,010 5% sidewalk bonds described
in V. 78, p. 2347
P. 8. Briggs A Co.. Oincin.... * 10.7S0 00 W. J. Hayes A 9ons. Cleve...$ 10,500 00
Keder, Holzman A Co.. Cln... 10,697 60 Well, Roth A Co.. Cincinnati. 10,405 25
—
:
|
|
Cincinnati Trust Co., Cincln. 10,05'i 00
?-easuugood A Mayer, Clncin. 10.518 80
I
Western German Bans,
Cln.. 10,400 00
10.819 00
Todd &. Co..Clncln
f
with
a
These bids were reported o the Village Council,
Co. be acrecommendation that the bid of P. S, Briggs
cepted.
Muskegon, Mich. Bond Sale.—It is stated in local papers
that this city has sold to Spitzer
Co. of Toledo an issue
of $10,100 5£ refunding water- works bonds.
Newark, Ohio, Bond Sale.— All sealed bids received June
16 for the $58,157 5% debt-extension bonds described in V. 78,
The highest bid was from Albert C.
p. 2348, were rejected.
Case of New York, who offered a premium of $8 828. Following Is a list of the sealed bidders
Licking County Bank Co., Newark.
Albert O. Case. New York.
N. \V. Harris & Co., Chicago.
Spitzer & Co.. Toledo.
On the same dav verbal bids were received from representatives of various banking and brokerage firms and the
1
VV.
K.
&
&
;
:
I
I
:
THE CHRONICLE.
2G1G
coeds were awarded to Weil Roth
&
,
Albert C. Case. New York.
N. W. Hurrls & Co.. rhlci.go.
Licking Count y Back Co., .Newark.
Spltzeri Co., Toledo.
Dention, Prior A Co., Clcve. and lie
B< as<
ngocd
&
,
Mayer, Cincinnati.
\V. .1. Hayes A Soi 8, Cleveland.
Fuller, Parsons 4 Snyder, Cleveland.
Niagara Fall*, N. \.— Bor.d Offering.— Proposals will be
p. m., Jnlv 1, by the Board of Estimate and
registered gold bonds. DeAtpoiticnmtnt, for $32,(00
nomination, $1,000. Interest semi-annually at the Hanover
National Bank, New Ycrk City. The first twenty-two of the
bords are known as sewer bonds, Series "C," and will mature as follows: $7,000 on July 1,1921; $5,000 yearly on
July 1, from 1822 to 1924, inclusive. The remaining ten
bonds are fcrown as sewer-redemption bonds, Series "F,"
and will be payable #5,000 on July 1, 1923, and $5,000 en
July 1, 1924. A certified check for $1,600 payable to the
Cily Clerk, required with each bid, and the purchaser must
pay accrued iiterest.
Norfolk County (P. O. Dedham), Mass.— Loan Offering.—
Proposals will be received until 10 a. m., June 28, by the
Cccnty Commissioners, for a loan of $112,000, as authorized
by Section 2, Chapter 456, Laws of 1900. Lean is payable
received until 4
July
H
1905.
1,
Orange Union High School District, Orange County, Cal.
- Bond
fa le.— It is stated that the $35,000 4}£* school
bonds described in V. 78, p. 2401, have been awarded to the
Adams-Phillips Co., Los Angeles, for $35,172.
Park ers burg, W. V a— Bond Sale.— On June 22 C. H. Shattuck, Chairman of the Bond Commissioners of this city, sold
$100,C00 4% 20-year funding and fire-department bonds to
Seasongood & Mayer, Cincinnati, at a premium of $6 and
accrued interest from Oct. J 1908. Interest, semi-annual.
Paterson, N. J. —Bonds Net Sold—W. J. Hayes & Sors of
Cleveland were the only bidders on June 20 for the $500,000
4i coupon funding-debt bonds described in V. 78, p. 2402.
Their bid, which was par and accrued interest, less $3,750 for
,
expenses, was rejected.
Payette, Canyon County, Idaho.— Bond Sale.— On June 1
the $20,000 water-worbs bonds mentioned in V. 78, p. 1979,
were awarded to Chas. H. Coffin, Chicago, at a premium of
$11. Date, July 1, 1904. Denomination, $500. Interest, semi-
NEW
NEW
LOANS.
Borough of Swissvale,
The Finance Committee of the Borough of
Swiss-
Tale, Pennsylvania, will receive sealed bids up to
and including
30TH, 180i, for the sale of
Fifteen Thousand ($15,000) Sewer Bonds and also
for the sale of Thirty-five Thousand ($S5,000) Street
JUNE
Improvement Bonds. Bidders may bid for both or
for either bonds. These bonds are authorized by
law as follows: the Sewer Bonds by proceedings in
the Quarter Sessions Court of Allegheny County,
Pennsylvania, bonded indebtedness No.
9,
December
Sessions 1901, and the Street Improvement Bones,
same court, etc., at No. 10 March Sessions 1602. Both
bonds bear interest at the rate of four (4) per cent
per annum, payable and calculated in semi-anraial
coupons, bonds maturing at the usual times and
years— purchasers to pay taxes, if any, on the bonds.
The total issued bonded indebtedness, including the
above proposed bonds, will be $116,0 0, or 2*8869 per
centum of the present taxable valuation of property
In the Borough of Swissvale, which is $4,85W,805. The
old valuation at time of authorization of the above
bonds was
$2,877,815.
No
bid for less than par can be received. Bids to
be marked '' Proposals for Bond*" and addressed to
Robt.
K. lteno,
Chairman Pinance Committee, Swiss
vale, Pa.
ROBERT
E.
RENO.
Diamond
#30,000
J.,
Sealed bids will be received at the office of the
Board of Water ( omrulseloners, Rahway, N. .).,
until 8 o'clock P. M., JULY 0, HO J, tor
THIRTY THOUSAND DOLLARS
Kahway City Water Bonds, of the denomination
of OuoThousund Dollars each, d:it d November 1st,
1904, redeeu'iiiiio November ln\ 1981, bearing mi cr-
of
est at the n.to of four
We
1
I
Sec.Ssv. Bk.4Tr.Co., Toledo 5O.M0 00 Weil,
W.J.Hayes* Sons.Cleve.. 6e,3H2 00|
|
Portland,
tntil
12 M.,
Me.— Loan
June
80,
and one hilt per cent per
nor inn, payable semi annually on the first daj B of
May and Novi niber.
These Bonds aro Issued in accordance with the
provision) of an Act of the Legislature of the state
of New Jersey. Chapter f»l, easlOD of k 98, entitled
"An Act to erable cities of tho third class in this
State to Impn ve aud repair waterworks, e.xicnd
the water supply and to Issue Bocds for the pay-
49,765 00
Co.. Cincin
iffering.— Proposals will be received
by James L. Dyer, City Treasurer,
NEW
LOANS.
for
LOANS.
SloO,000
Y,
N.
Town
of
West Hoboken
SCHOOL BONDS.
Comoffice
SATURDAY, THE 2ND DAY OF
1904 at 12 o'clock noon, for the purchase < f
the whole or any part of an issue of two hundred
and twenty thousand dollars of ihe bonds of said
city, to be issued in its corporate name under the
prov^kns of Chapter 187 of the Laws of 1904 of
the State of New York, entitled: 'An Act to provide the City of Hudson with pure and wholesome
water," passed April 4th, 1904, and by virtue of a
resolution of the Common Council of said City of
Hudson passed June 20th 1 904, for the purpose of
providing funds for providing the City of Hudson
with an adequate supply of pure and wholesome
wa'ei*. The bonds to be issued will be registered
bonds of the dent miration of one thousand dollars
each, and will be sold for not less than par and
accrued interest, and will bear Interest at the rate
of four per centum per annum, payable annually on
the first day of July In each year; bonds numbers 1
to 120, both inclusive, $i20,00o, wi.l bear date on
and draw interest from the first d*y of July, 1901,
and will be delivered to the purchase r on or before
the 12th day of July, 19' 4, at the office of theCiiy
Treasurer; bonos numbers i21 to 220. both Inclusive,
$100,000, will bear date on and draw Interest fr>.m
the Brst day of Octobi r. ;904, and will be delivt red
to the purcnaser on raid date at the office of said
City Treasurer.
Said bonds will be payable on the first days of July
In each of the following named j< ar«, as follows
1906, lfi,000: 1907, »C>,000; 1908, »7,000: 1909, $8,000.
1910, J9.000; 1911, JlO.cOO; 1912,111000; 1913, »12.000: 1914, $13,000; 1915, $14,000: 1916, $15,000 1917,
$16,000: 1HS, $17,000: 1919, $18,000; 1920, $19,000;
1921, $20,000; 1922, $20,000.
Proposals must oe acermpaiied by a certified
check, payable to the order of the City Treasurer,
for 2 per ceot of the par value of the bonds bid for.
Bids to te marked "Proposals for bonds" and
addressed to Wm. S. Uallenbeck, City t lerk, Hudson, N. Y.
The cli y reserves the right to reject any or all
bids, if it annus it for the best interests of the
city so to do.
Dated June
4
tendent Board of Water Commissioners, for $80,000 4J#S
water bonds. Date, Ncv. 1, 1904. Denomination, $1,000.
Interest semi-annnualiy at the Mercantile Trust Co., New
York City. Maturity, Nov. 1, 1934. These bonds are clear
of all taxes. Authority, Chapter 51, Laws of 1896.
The (fflcial notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Beading, Pa.— Bond Sale.— We are advised that the S545,000 4i bonds offered on June 16 were awarded to the highest
bidders, N. W. Harris & Co., at a premium of $31,785 75.
RibbLike (Wis) School District No. 1.— Bond Sale.On June 18 this district sold $9,000 5% 8 year high-sohool-
Sealed bids will be reoeived by the Finance
mittee of the City of Hudson at the Mayor's
in said city until
tit th
the discount of $100,000 temporary-loan notes in anticipation
of the collection of taxes. Notes will be issued in sums of
|10,000 or its multiple, will be dated the day of sale, and will
be payable Oct. 1, 1904.
JBahway, N. J.— Bond Offering.— Proposals will be received
until 8 p. m,, July 6, by Howard Bunn, Clerk and Superin-
;
Strtet, Pittsburgh, Pa.
City of Rahway, N.
WATER BONDS.
,
:
Chairman b inance Committee.
JAS. O. HAYS, Borough Solicitor.
432
New
1904 Water Improvement Bonds.
JULY,
1,
inclusive. These are the bonds recently awarded to Kountze
Bros,,
York City, at 102 276; but aa the maturity given
in the advertisement of the sale did not confoim to that
given in the Act under which they were authorized, Kcuctze
Bros, refused to take the securities at the price eff* red by
them, but nude a second offer of 1G1'75. This latter bid the
Town Ccurcil rejected, and decided to re-offer the bonds.
are advised that
Plain City, Ohio.— Bonds Not Sold.—
the $49,500 5% coupon street-improvement bonds (5 issues)
described in V. 78, p. 2348, were" not sold on June 20. Following are the bids reoeived:
P. S. Brlggs&Co.. Cincln.... $51.180 00 New 1st Nat. B'k. Columbus.. $49 8S6 CO
4W.81000
Feder. Holzman 4Co..Cin... 60,970 00 Pai k of Plain City
CITY OF HUDSON,
$35,000 Street Improvement Bonds.
subject to call July
Phillipsborg, N. J.— Bond Sale.-On June 18 $21,000 4*
sewer-extension bonds were sold to H. C. Bernett at 102 055.
Date, June 1, 1£04. Denomination, $1,C00. Interest, semianiual. Maturity, $7,000 yearly on June 1 from 1922 to 1924,
^220,000
Pa.,
$15,000 Sewer Bonds.
1924,
1,
1914.
E. II. HoMns * Sons, Cbicapo.
W. H. Todd A Co.. Cincinnati.
st.
Maturity, July
annual.
Co. of Cincinnati for
Following is a list of these bidders
$62,557.
fSTii >n. Leach 4 Co., Chicago.
Well. Roth & Co Cincinnati.
[Vol. lxxtiii.
Sealed proposals will he received by the Town
Council of ihe Ttwn of West Hoboken at the Council Chamber in the Town Hall, corner of Clinton
Avenue and Charles Street, on
WEDNESDAY
EVENING, 'JUNE TWENTY-NINTH, NINETEEN
FOUR, at eight o'clock, for the
HUNDRED AND
purchase of an issue of one hundred and fifty thousand dollars of the bonds of said town, to be issued
In its corporate name, under the trovlslons of the
Act of the Legislature of New Jersey entitled "An
Act to establish a thorough and efficient system of
free public scbcolsand to provide for the maintenance, support and management thereof," approved
October 1S',1903, and the Acts supplementary thereto
and amendatory thereof, for tae purpose of raising
money for the purchase of lands for school purposes
and for erecting and furnishing sohool bouse«. The
bonds to be issued will be of the denominations of
one thousand dollars each (that is to say one hundred and fifty bonds of one thousand dollars eailD
and will bear interest at the rate of four per cent
per annum, payable semi-annually, shall bear date
as of the ttrst day of August, one thousand nine
hundred ard four, and be payable so and In Mich
manner that three thousand dollars of the Issue
(that Is to say, three bonds of one thousand dollars
each) shall mature annuallv the purchase price to
be paid and the bonds delivered on the first day of
Au k usl one thousand nice hundred and four, at the
;
,
the Tnwn Treasurer.
Each proposal must be accompanied by a deposit
of three thausand dollars in cash or by a draft or
check for that amount, payable to the order of the
Town Treasurer, and certified bv *< me responsible
bank or trust company; the deposits of the unsuccessful bidders shall be returned Immediately after
the award of the bonds Is made: the deposit of the
successful bidder will be retained and lapplied as a
payment n account of the purchase price or in case
of bis failure to take the bonds at the appointed
time will be retained br the Town Council and be
applied to any deficiency or price that may arise
In case the Town Council shall be obliged to sell or
award said Issue of bonds to any other person, and
will be applied also to any cost or expense Incurred
office of
<
in re-advertlslrg.
21s'. 1904.
WM.
S.
HAI LENBECK
City Clerk.
WOIITMAN,
(HAS. B. PLASS,
Silas R. PEAKS,
YV.M.
No conditional bids will be received, and the Town
Council reserves the right to reject any and all bids
If deemed for the luterest of the town so ^o do.
By order of the Council.
JOHN
Finance Committee.
NEW YORK
P.
MCMAHON.
Town CRrk.
CITY Rudolph Kleybolte&Co.
BANKERS,
3&% GOLD
i
ment thereof."
payable at the office of the Mercantile
Trni Company of he ( It y of * ew York. These
Bondi are clear of all taxes wimi soever.
The right it reserved to reject, any or all bids.
Bids should be marked "Proposal for Water
Bonds" and addressed to ili>' iinihr-iniied.
DEALERS IN
TAX-EXEMPT BONDS.
Interest
MUNICIPAL, RAILROAD and
STREET RAILWAY
I
HOWARD BUNN.
T.W.STEPHENS &CO,
Clerk ntid Superintendent.
Board of Water Commissioners,
Kahway, N. J-
2 Wall Street,
New
York.
1
BONDS.
NASSAU STREET, NEW
Interest Paid on Daily
YORK.
and Time Deposits.
g
June
,
THE CHRONICLE
25, 1904.
|
Somerville, Maes. -Bond Bale.— It is stated that tlr's city
has sold $132,f.OO 4$ 1 25-year bonds to Estabrook & Co., BoaFollowing are the bids
ton, at 103-05.
buildirjg bonds to the Roval Trust Co., Chicago, for $9,275.
Denominations, $1,000, $500 and $250. Interest annually in
June.
Rochester, N. Y.— Temporary Loan Offering.— Proposals
will be received until 11 a. m., Jnne 29, for a loan of $260,000
for one month. Interest rate to be named in bid.
Rotklsiu), Me.— Bond Offering— Proposals will be received
at any time at par ty Lcrerzo Robinson, City Treasurer, for
$28,200 3% 15-year refunding bonds. Interest, semi-annual.
Estabrook 4 Co.. Boston
K.L. Day % Co., Boston
Blodget, Jlerrltt
amor
Sons. Boiton...lOB776
Co..
102520
Boston
Co.. Boston.. 102 917
A
Topeka, Kan.— Details of Bonds Offered.—The $40,000 5*
coupon general-improvement bonds for whioh, as mentioned
in V. 78, p. 24f)8„ proposals will be received until 5 p.m.,
July 9, by J. H. Squires, City Clerk, are of denomination of
$1,C00.
Interest semi-annually on February 1 and August 1
A
at the fiscal agency of the State of Kansas in New York.
certified check for $1,000, payable to the City Treasurer, is
were redeemed on the same day.
Sallda, Colo.— Bond Sale.— We are advised that the $10,000 water-works-improvement bonds mentioned irr V. 78, p.
2408, have been sold to the First National Bank of Sallda.
NEW
LOANS.
$600,000
KANSAS CITY,
required.
NEW
LOANS.
MO., Town
Borough
of Bloomfleld, N. J
Sealed proposals will be received by the under
signed, the Mayor aud the City Comptroller of Kan-
Sealed proposals will be received by the Town
Council of the Town of Bloomfleld for all or any
part of an Issue of $26,0u0 4;;, Coupon (with priv
ilege of registration) Fire Department Bonds of
said Town.
Bonds to be of the denomination of
$1,000 each, to be dated July 1, 1804, and to matcre
July ]. 1924. Interest payable cerul-annually, on
January I and July 1. Both Interest and principal
payable at the office of the United States Mortgage
TWO
bonds.
Each bid must be made on a blank form furnished
by the City, and must be accompanied by a duly certified check on a national bank doing business In
Kansas City. Missouri, parable to the order of the
City Comptroller of Kansas City, Missouri, for two
per cent of the par value of the oonds bid for. The
right is reserved to reject auy or all bids.
Delivery of the bonds will be made on July 21st,
1904. at eleven o'clock, A.M., at the office of the City
Comptroller of Kansas City, in Kansas City, Missouri. Bids will be received at the office of the
Mayor of Kansas City, Missouri, in the City
Hall in said City, but no bid will be entitled to consideration unless received by or before the hour
above
set for receiving bids.
Printed circulars containing
definite and de
tailed information with reference to said bonds,
mTe
and blank f jrms
f< r bids, can be had on application
to the City Comptroller of Kansas City, Missouri, or
to Messrs. Dillon & Hubbard of New York.
JAY
&
Trust Company In New York City.
The Bonds will be engraved under the supervision
of and certified as to genuineness by the Dntted
States Mortgage A Trust Company, and the legality
approved by J. H. Caldwell, Esq., of New York City,
whose opinion as to legality or duplicate thereof,
will be delivered to the purchaser.
A certified check for 3% of the amount of bonds
bid for, payable to Harry L. Osborne, Treasurer of
tbe Town of Bloomfleld, N. J., must accompany
each bid.
The right Is reserved to reject any or all bids.
Proposals should be endorsed "Proposal for Fire
Department Bonds" and be addressed to William L
Ji.h' sod, Town rierk. Bl.omfleld, N. J., and will be
received at the Town Clerk's '.fflce In Bloomfleld, or
at the United Stu'es M< rtgu^e & Trust Company, 55
Cedar Street, >ew York City, until 10:80 o clock
A. M.. TUESDAY, JULY 5. H04, and will be opened
.JULY 5, lfc"4.
Delivery of he bonds will be made on July
at
l
City, Missouri.
A. E. GALLAGHER,
Comptroller of Kaisas City, Missouri,
t
M
7,
WILLIAM
.
GEOIiGK USHER.
Chairman Town Council,
Town of Bloomfleld,
L.
JOHNSON
1'ow n
BLOOMl'lELD, N.
J.,
N.
J.
(^Ifirfr
June
COUNTY
AND TOWNSHIP
Chicago.
BONDS.
.
any «r
all bids.
WM. M. II AC- KB.
JOHN II. I11LVER,
(
V.
PROVOST,
Committee on Finance.
BOM) DEPARTMENT.
THE AMERICAN TRUST
& SAVINGS BANK,
Chicago,
Offers
Railroad,
Illinois.
Municipal and Cor-
poration Bonds, conservatively issued,
T. B. POTTER,
MUNICIPAL and onkiriQ
O^INU^,
UHICAGO,
•
yielding investors 44 to 5%4.
Printed
and prices
application.
lists
upon
Street,
•
MUNICIPAL
ILLS.
-
LIST ON APPLICATION.
Blodget, Merritt
AND
&
Co.,
Public
Congress Street, Boston.
Service
Corporation
BONDS.
BANKERS
16
St.,
M
ject
11. 1904.
f5.071.8T5
Assessed Valuation (1903)
Bended Indebtedness, including this Issue. 406,t00
15,000
Other Indebtedness
9,668.
Population, Census 1900
& Gompany
159 La Salle
For blank form of bid and circular of Information,
address District Clerk. Bids will be opened In
public meeting at Borouyh Hall, Koselle. N. J., at
8:30 P.
Jnly 7. 19U4. The rlfjht is reserved to re-
FINANCIAL STATEMENT.
BOSTON.
Established 1SS5.
Did for.
1904,
at the office of the United
at 11 o'clock A.
States Mortgage &T. us' Company, New York City.
MUNICIPAL BONDS.
CORPORATION
O. STANWOOD & CO.
172 Washington
BANKERS.
Milk Street,
Sealed proposals are invited for the purchase of
4% coupon bonds, dated July 1. 1904. interest
payable .Ian. 1 and July 1, principal payable $4,000
annually July 1, 19m to 1983. inclusive. Principal
»nd interest payable at Chemical National Bank,
New York. The proceedings relative to the issue
have been approved by tbe Attorney-General of the
State of New Jersey. Bonds will be ready for delivery July 18. 1904. Each proposal must be enclosed in a sealed ei velope Indorsed 'Proposals for
Bonds." addressed to K. Provost, District Clerk,
Board of Education. Roselle. N. J., and Accompanied by cenlfleo check to the order of the District
Clerk on some National Bank for 2% of the amount
$t*',oo0
o'oJock P. M..
H. NEKK.
Mayor of Kansas
of Roselle, N. J. f
SCHOOL BONDS.
FIRE DEPARTMENT BONDS.
sas City. Missouri, until JULY 11, 19t'4, AT
O'CLOCK, P. >)., for the purchase of all or any part
of 1600.000 four per cent Waterworks Coupon
Bonds of the City of Kansas City, Missouri, bonds
to be of the denomination of 11,000 each, to be dated
January 1, 1904, and to mature January 1, 1924. Interest payable semi annually. Principal and Interest payable at the office of the City Treasurer of
Kansas City, Missouri, in Kansas City, Missouri, or
at the Oriental bank in the City and State of New
York, at the option of the holder.
The legality of the bonds will be approved by
Messrs. Dillon & Hubbard of New York, whose
opinion as to the legality, or duplicate thereof, will
be delivered to the purchaser or purchasers of said
LOANS.
^60,000
§35,000
WATERWORKS BONDS.
CITY,
4
Ga—
of bid required.
H. C. Speer
4
&
$1,687,000,
95
Knillns
We
Panl, Mfnn.- Certificate Sale.— On June 15 the City
Comptroller sold $1,445,300 4% coupon tax-levy certificates
to local people in small lots. Denominations, $500 and $100.
Interest, semi annual. Maturity, June 15, 1905. We are advised that this is the only and total issue for 1904, being 8C£
of the tax levy. The certificates of 1908, amounting to
E.
II.
Blake Uros.
&
St.
NEW
E.
89
&
Round Valley Union High School District, Mendocino
County, Cal.— Bond Offering.— Proposals will be received until July 7 by the Board of County Supervisors, L. Barnard,
Chairman (P. O. Ukiab), fcr $6,000 i%% bonds of this disInterest, annual.
Maturity,
Denomination, $500.
trict.
$500 yearly from 1905 to 1916, inclusive. Certified check for
amount
103'(
&
New Jersey.
The official notice of this bond offering will be found
the advertisements elsewhere in this Department.
\Q% of
4
10306O
South Orange (Tillage), N. J.- Bond Offering.— Proposals
will be received until 8 p. m., July 6, by Graham H. Brewer,
Chairman Finance Committee, for $265,000 44 coupon tewer
bordp. Date, July 1, 1904. Denomination, $1,000. Interest
Trust Co.
semi-nnnually at the United States Mortgage
New York City. Bonds mature on July 1 as follows : $3,000
in the years 1909 to 1911, $4,000 in the years 1912 to 1915,
$5/00 in the years 1916 to 1921, $6,000 in the years 1922 to
19S6. $7,000 in the years 1927 to 1931, $8,000 in the years 1932
to 1933. $9,000 in the years 1987 to 1941, $20,000 in the years
194a to 1944. Bonds will be certified to as to genuineness by
certified check
Trust Co.
the United States Mortgage
on a national bank or trust companv for 24 of the par value
of the bonds bid for, payable to T. G. Conway, Village Treasurer, required.
Delivery of the bonds will oe made on July
11 at 11 a. M. at the office of the United States Mortgage
Trust Co., 55 Cedar Street, New York.
are just advised that
Takoma Park, Md.— Bond Sale.—
this town sold on May 25 $17,0C0 5)44 cement-sidewalk bonds
Trust Co. of Washington, D. C,
to the Washington Loan
at par. Date, Aug. 1, 1904. Denomination, $500. Interest,
s? mi- annual.
Maturity, $8,400 annually on August 1 from
1905 to 1909, inclusive.
Bonds Voted.— At an
Thomson, Mc Duffle County,
election held June 14 this town voted to issue the $24,000 5$
25-year coupon gold water-works and electric- light bonds
described in V. 78, p. 2404. Only seven votes were cast
against the proposition.
Roselle (Borotgb), N. J.— Bond Offering.— Proposals will
be received nntil 8:30 p. M., July 7, by F. Provost, District
Clerk Beard of Education, for $€0,000 4% coupon bonds.
Date, July 1, 1904. Interest, semi- annually at the Chemical
National BaDk, New York City. Maturity, $4,000 yearly on
July 1, f rem 1919 to 1988, Inclusive. A certified check on
some national bank for 24 of amount of bid, payable to the
District Clerk, required. The proceedings relative to this
issue have been approved by the Attorney -General of the
State of
2617
E.H.ROLLINS & SONS,
36 NASSAU STREET, NEW TURK,
STATE. CITY & RAILROAD BONDS. Denver.
BOSTON.
Chicago.
San Francisco.
THE CHRONICLE.
2G18
Turners Falls, Mass.—Bond Sale.— On Jane 16 this town
eo)d an Issue or $48,000 1% higb-school-building bonds to
Blodget. Merritt
Co., Boston, at 102-119, Denomination,
Date, Jane 1, 1904. Iaterest, semi-annual.
$500.
Utica Special School District, Licking County, Ohio.—
Bond Offering.— Proposals will be received until 12 M., June
27, by A. H. Shaw, Clerk of the Board of Education, for
17.000 6* bonds voted Nov. 3, 1903. Denomination, $500.
Maturity, $1,000
Interest, annual.
Date. Sept. 1, 1904.
certiyearly on September 1 from 1905 to 1911, inclusive.
fied check for lOg of the face value of the bonds is required.
Authority, Section 3993, Ohio Statutes.
Valley Falls (N. Y.) School District No. 11.— Bond Offering. -This district will offer at publio sale on June 25 $4,000
4% school-building bonds. Date, July 1, 1904. Denomination,
Interest payable annually in November at the resi$1,000.
dence of the Treasurer of the District. Maturity $1,000
yearly on Nov. 1 from 1904 to 1907, inclusive. Edwin Buchman is Secretary of ihe School Board.
&
A
Vigo Township, Knox County, Ind.— Bonds Not Sold.—
We
are advised tbat the $28,000 5% 1-5 year (serial) school
bonds offered for sale June 20 and described in V. 78, p. 2404,
have not been sold. They will be re-advertised later.
Washington County, Pa.— Bonds Not Sold.— We are advised that the $80,000 4% road-improvement bonds described
in V. 78, p. 1981, were not sold on June 1, nor have they since
vbeen disposed of.
Wauseon (Ohio) Special School District.— Bond Offering.
Proposals will be received until 12 M., July 9, by J. F.
Outcault. Clerk of the Board of Education, for $3,000 f>%%
bonds. Denomination, $1,000. Date, July 9, 1904. Interest semi-annually on February 1 and August 1 at
Wauseon. Maturity, $1 000 yearly on August 1 from 1907 to
1909, icolusive. A certified check for 2% of the par value of
the bocds bid for is required. Authority, Sections 3991, 3992
and 3993 of the Revised Statutes of Ohio.
Weiser (Idaho) Independent School District.— Bond Sale.
—On June 15 the $5,500 funding and $24,500 improvement b%
bonds described in V. 78, p. 1926, were sold to the State of
Idaho at par.
Wellsburg, W. Va.— Bond Sale.—On June 18 this city sold
$12,000 4% wat3i -works-extension bonds to the Welleburg
—
[Vol. lxxviii.
&
Banking
Trust Co. at par, Date, June 2, 1904. Denomi-'
nations, fifteen of $500 and forty-five of $100 each. Interest,
annual. Maturity, Jane 2, 1938, subject to call June 2, 1914.
West New York (N. J.) School District.— Bids.— As stated
in last week's Chronicle, the §50,000 5$ coupon school bonds
described in V. 78, p. 2350, were awarded to O'Connor
are advised that the price paid
Kahler, New York City.
whs 105'50. Following are the bids :
Knhler, New York. 105-500 Lawrence Barnum Sc Co..N. Y.. 102-200
O'Connor
102' 191
Hudson Trust Co., ttobJken....l04 890 Kountze Bros., New York
&
We
I
<fc
|
People's Safe Deposit
Jersey Cltv
R. II Grant & Co
&
Tr. Co..
(Tarpon. L<»iCti *(Jo..
Co.,
i
104AP9
N. SV. Harris
&
New York.101-750
New Fork.. 101-630
-
102 5uo
I
We
&
are
West Point (Neb.) School District.— Bond Sate.—
advised tbat the $8,000 4%<i school- building bonds mentioned
in V. 78, p. 2350, were sold on Jane 11 to Pqaire
Annis,
Council Bluffs, at 101*019. Date, July 1, 1904. Denomination. $500.
Interest, semiannual. Maturity, July 1, 1914,
s abject to call July 1, 1909.
Westwood, N. i.—Bond Sale,— On June 22 the $20,000 4%
macadam bonds described in V. 78, p. 2459, were awarded to
the Hackensack Trust Co. at par.
Wheatland, Cal.— Bond Offering.— Proposals will be received until July 5 for the $20,000 5% 1-40-year (serial) coupon gold water- works bonds voted March 2-t. Denomination,
$500. Interest semi- annually at the office of the Town Treasurer. Maturity, $500 yearly on July 1 from 1905 to 1944, inclusive.
Bonds are non-taxable, Authority, Act of State
Legislature which became a law Feb. 25, 1901 R. N. Murphy
is Clerk of the Board of Trnstees.
Bond
Whitman County (Wash.) School District No.
Sale.
On June 11 the County Treasurer sold an issue of
$10,000 4%% building bonds to the 8tate of Washington at
par, Denomination, $1,000. Maturity, 1919, but bonds are
subject to call at anv time after one year.
lookers, N. Y.—Bond Sale.— On June 21 the $50,000 4%
water bonds described in last week's Chronicle, p. 2459,
were awarded to Blake Bros.
Co., New York, at 106'48 and
Following are the bids;
interest.
.
36—
—
&
105-331
& Co., New York... 106-480 Kountze Bros.. New York
W.J. Hayes A Sons. Cleveland.lOG 350 Allen, Sand Jt Co.. New York. .. 105-260
Richmond.
N.
106297
John
D.
Kveritt*
Rboades&
Y
Co., N. Y....104 771
Blake Bros.
Dominick & Domlnlck. N. Y
Alberto. Case, New York
Blodget.. Merritt Jt Co.,Boston..l06 060
Farsou. beach &Co.. New York. 10V769
N. W. Harris & Co.. New York.. 105-388
104-590
1W260
MISCELLANEOUS.
TRUST COMPANIES.
TRUST COMPANIES.
FAES0N, LEA0H & 00 •
c ^eRBo c
BOWLING GREEN
TRUST CO.,
TRUST
*~
Public Securities,
HEW YORK.
BOSTON
ST.
WEST
T. BARNEY. President.
FRED'K L.ELDRIDGE,l8t Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
JULIAN M.GKRARD.Sd Vice-Presidem
B. L. ALLEN, 4th Vice-President.
FRED'K GORE KINO, Sec. and Treas.
J.
&
Burr,
INVESTMENT BONDS
60 State Street,
McLEAN WALTON, AsBt. Secretary.
HARRIS A. DUNN, Asst. Treasure'
TRUST DEPARTMENT:
WILLIAM
B.
RANDALL. Trust Officer.
F.
LEWIS, Manager.
BRONX BRANCH:
JOHN BAM BEY
OFFICERS:
EDWIN GOULD
WILLIAM H.TAYLOR. ...1st
President
Vlce-Pres.
CHAS. P. ARMSTRONG!
2d Vlce-Pre*.
JOHN A. HILTON. 3d V.ce-Pres. Jt Trea..
WILLIAM
Manager.
MUNICIPAL
AMD
k Oo.,
CORPORATION
F.
La
R.
in cheaper style
(not cheap looking) partly printed from
Send for B&tnplea and estimates.
type.
100 Gerttjtattes $3 to $95. Seat .Press $] 50.
FULTON & CO.,
New York
CHICAGO.
INVESTMENT BONDS.
Byllesby
BOSTON.
John P. TruesdeU,
Young.
BROADWAY,
St.)
Capital, Surplus and Undivided Fronts,
85,5?4,S50 3S.
subject to check and on Certificates of Deposit
Acts as Trustee, Receiver, Committee, Executor
Administrator, Assignee, Registrar
Guardian,
Transfer and Fiscal Agent.
& Co.,
OFFICEBS:
Ashbel P. Fitch, Pres.
Wm. H. Leupp, V.-P.
R.
INCORPORATED.
J,
Chatry, Sec'y.
Wm. Barbour, V.-Pres.
H.
S.
Manning, V.-P.
A. L. Banister, Treas.
DIRECTORS:
Ashbol
ENGINEERS.
Wm.
P.
George Crooker,
Fitch,
C.
I.
Hudson,
Lehman,
Harbour
Kdw.t'.Schael'er. Philip
Mann
S.
Oeo.Blumeuthal,
T.Dodd,
sainl.A. Maxwi II, Joel f. i rt eman. Frank lav Gould,
MyronT.llernck. James Campbell ,Wm. A.Clark,
Eiucrt). Mc.Mtllm. II. h. lioduioud, John W. Griggs.
liliUlU.
Jas. M. Donald,
.ino.H. Hegeman
'Jeorge C. Boldt. IW m. H. Leupp.
H.
8.
('.
.
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
I
HYDRAULIC PLANTS.
A. G. Becker
L!8T.
OENISON, PRIOR & OO.
C.
Allows Interest on Daily Balances,
City
ENGINEERS.
H. M.
S. Pierce,
Frederick B. Sohenck,
William H. Taylor,
Edward R. Thomas,
(Northwest Corner Liberty
Albert B. King & Co.,
Municipal Bonds,
171 LA SALLE STREET,
CLEVELAND.
QuicklVorK
W.Mlddendorf,
William Willis Merrill
Winslow
149
CERTIFICATES
105 William Street
William M. Laws,
J.
The T rust Co.of America
Handsomely engraved, or
Salle Street, Chicago
SEND FOR
STOCK
Engraven and Lithographers,
BONDS
171
BONDS
1)
Myron T. Herrick,
Edward T. Jeflery,
Edward R. Ladew,
Charles P. Armstrong,
Frank Brainard,
Robert C. Clowry,
Edmund C. Converse,
Wm. Nelson Cromwell.
Grenville M. Dodge,
E. F.
AN
Secretary
DIRECTOR8:
BOSTON.
MacDonald, McCoy
LAWS
M.
A. Goer el,
Edwin Gould,
Frank Jay Gould,
George J. Could,
John A. Hilton,
HARLEM BRANCH:
W.
BROADWAY, NEW YORK.
Capital, $2,500,000 Surplus,$2,500,000
CHARLES
PHILADELPHIA.
Perry, Coffin
CO.
BROADWAY,
& FIFTH AVE.
ltfSTH STREET.
THIRD AVENUE & 14STH STREET.
34TH
No. 100
CHICAGO.
6«
No.
26
*
Examinations and Reports.
(
6c
Co.,
INCORPORATED.)
COMMERCIAL, PAPER,
New York
Life
Building
CHICAUO,
ILL.
S,
W. Cor. Monroe & La
Salle Sts., Chicago.
@FedFRASER