Full text of Commercial and Financial Chronicle : June 29, 1907, Vol. 84, No. 2192 [Copy 2]

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Fiiwttrial
IN C L U D IN G

Bank and Quotation Section (Monthly)

State and City Section (semi-Annual

Railway and Industrial Section (Quarterly)

Street Railway Section (Th^

The Chronicle

1907.

T erm s o f Su b scrip tio n — P ayable in A d v a n ce
F or One T e a r .................................................................................... ..............$10 00
F or Six M ouths............................................................................................
6 00

European Subscription (including postage).......................................... 13 0D

E uropean Subscription six months (including postage)........................ 7 50
A nnual Subscription in London (including p; stage).............................£ 2 14s.
S ix .Months Subscription in London (including postage)...................... £ 1 11 s.
Canadian Subscription (including p o s t a g e )............................................. $11 50
Subscription includes follow in g Supplem ents—

B \nk and Q uotation (monthly)
I S ta te and City (semi-annually)
K ailw ay and In d u stria l (quarterly) |s t r e e t K ailw ay (3 times yearly)

T erm s o f A d vertisin g— Per In ch S p ace
Transient matter per inch space (14 agate lin es).........................................$4 20
( Tw o Months
(S tim es)................. .......... 22 00
c*
> Three Months (13 tim es)............................. 29 00
Standing Business Cards •. s ix Months
(26 tim es)..............................50 00
(. T w elve Months (52 tim es)............................. 87 00
C H IC A G O O F F IC E —P. Bartlett, 513 M onadnock Block; Tel. Harrison 4012.
LO N D O N O F F IC E —Edwards & Smith, 1 Drapers’ Gardens, E. C.

W IIiLi JAM B . D AN A C O M P A N Y, Pu blishers,
P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,
P o s t O ffice B o x 9 5 8 .
NEW Y O R K .

CLEARING HOUSE RETURNS.
The following table, made up b y telegraph, & c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$2,551,740,392, against $2,562,640,082 last week and
$2,792,787,481 the corresponding week last year.
Per
Cent.

Clearings—Returns try Telegraph.
Week ending June 29.

1907.

1906.

N ew Y o r k ________________________________
B o s t o n ____________________________________
P h ila d e lp h ia _____________________________
B a ltim o re _________________________________
C h ica g o . i ________________________________
S t. L o u is ____________ ____________ - _______
N e w O rlea n s_____________________________

$1,1 65 ,38 2,7 8 9
1 14 .48 1.7 35
1 19 ,254,270
2 3,8 71 ,52 4
2 3 0 ,46 4,0 30
5 1,311,711
1 3,208,158

$ 1,4 3 6 ,8 2 8 ,0 7 5
1 12 ,045.812
1 27 ,453,422
2 1,8 20 ,11 4
1 69 ,552,040
4 2,6 32 ,21 5
11,715,933

— 18.9
+ 2 .2
— 6 .4
+ 9 .4
+ 2 0 .0
+ 2 0 .4
+ 12.7

S ev en cities, 5 d a y s ____________________
O th e r cities, 5 d a y s _________________ _—

$ 1,6 90 ,97 4,2 1 7
405 ,27 6,9 14

$ 1,9 22 ,04 7,6 1 1
330 .14 2.7 23

— 11.5
+ 22.4

T o t a l a ll cities, 5 d a y s _________________
A ll citie s , 1 d a y ___________________________

$ 2,0 96 ,25 1,1 3 1
4 55 ,48 9,2 61

$2,2 5 2 ,1 9 0 ,3 3 4
5 40 .597,147

— 6.9
— 15.7

T o t a l a ll citie s fo r w e e k _______________

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

$2,792,787,481

—

8 .6

The full details for the week covered b y the above will be
given next Saturday. We cannot furnish them to-day,
clearings being made up b y 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 the returns for the period ending with Satur­
day noon, June 22, and the results for the corresponding
week in 1906, 1905 and 1904 are also given. Contrasted with
the week o f 1906 the total for the whole country shows a
loss of 5 .6 % .
Outside o f New Y ork the increase over
1906 is 11 .3% .
Week ending June 22.
Clearings at—

Inc. or
Dec.
,441,629,800 1.706*833,748
149,962,783
142,357,833
52,721,322
58,627,575
28,539,050
26,784,399
7.894.188
7,013,138
5,896,354
5,499,188
7.406,477
5.558.507
3,181,144
3,447,510
2,212,599
1,886,289
2,217,131
1,606,103
1,495,237
1,319,778
1,429,609
1,244,346
1,068,405
1.250.188
966,297
998,677
630,235
822,726
533,121
471,802
554,713
534,557
524,900
505,900
298,634
266,937
1,021,794
1.084,937

Total Middle— 1,708,874,574 1,969,223,357




1904.

- f 5 .5 1,375,680 ,387 i1
— 5.1
125,487 .114!
+ 11.2 49,386 , 1 2 2 '
+6.6
20,740 ,526:
+ 12 6
6,031 ,997
+ 7.2
5,194 868
+ 3 3 .2
4,058 ,064
— 7.7
3,292 ,685|
+ 17.3
1,736 ,782!
1,382 ,563:
+ 38.0
+ 13.3
972 ,402
+ 14.9
1,145 .6451
+ 17.0
1 010,126
+ 3 .4
725 ,960
+ 30.5
445 652
— 11.5
645 245
+ 3.8
483 243
— 3.6
481 400
+ 11.9
213 ,016

, ;

,

+6.2

Week ending June 22.

Clearings at—

PUBLISHED WEEKLY.

N ew Y o r k _______
P h ila d e lp h ia ____
P itts b u r g h .......... ..
B a lt i m o r e ----------B u ffa lo ___________
W a s h i n g t o n ------A lb a n y ___________
R o c h e s t e r ----------S c r a n t o n ________
•Syracuse________
W ilm in g to n _____
R e a d i n g ________
W ilk e s -B a r r e ___
W h eelin g _______
E rie ____________
G r e e n s b u r g ...........
C h e s t e r _________
B in g h a m t o n ____
F r a n k l in ________
H a r r is b u r g ______

NO. 2192.

SATURDAY, JUNE 29 1907.

VOL. 84.

,

055,904,294
103,818.238
40,902,520
20,955,766
5,986,679
3,670,351
4,197,578
2,540,006
1,837,451
1,240,789928,431
1,158,872
1,015,261
651,719
425,999
380,758
483,541
418,500
206,204

13-2 1,599,113,797 1,246,722,957

|

1906.

5
?
142 860,720
B o s to n _________
1 41 ,58 2,5 91
7 .4 1 6 ,IOC
6,864,40(S
P r o v id e n c e ______
H a r t f o r d ________
3 ,3 6 7 ,1 8 6
3 ,4 8 4 ,9 7 7
2 ,2 4 5 ,5 6 6
N ew H a v e n _____
2 ,513,194
1,966,883
S p rin g field _______
1 875 ,26 3
1,65 4,9 46
1,69 1,9 14
P o r t l a n d ________
1,70 6.1 38
1 ,4 9 7,4 16
W o r c e s t e r _______
8 71,747
F all R iv e r _______
781,549
1,02 0,1 97
N ew B e d fo r d ____
593,438
4 4 0 ,85S
513,221
H o ly o k e _________
471,852
L o w e l l ___________
422,247
T o ta l N ew E n g .
1 63 ,01 1,7 43
162,830,711
C h i c a g o _________
2 42 ,28 2,6 40
2 05 ,1 2 8 ,0 5 8
26,499,85(1
2 4,7S 9,650
C in c in n a t i.............
1 9,4 45 ,99 6
16,252,063
C l e v e l a n d _______
1 2,932,274
D e t r o it ___________
15,341,853
9 ,1 4 4,6 46
10,5 09 .92 2
M ilw a u k ee_______
8,5 7 4,6 14
6 ,6 2 3,4 85
I n d ia n a p o lis ____
6 ,0 0 8,9 00
4 ,6 8 3,5 00
C o l u m b u s _______
T o l e d o ................__
4 ,1 7 5,5 07
4,4 1 6.5 85
2 ,0 8 8,3 59
P e o r i a ___________
2 .5 8 7 ,6 5 8
2 ,1 7 0,8 19
G rand R a p i d s . . .
2,5 1 4,4 80
1,773,803
D a y t o n _________
2 ,0 1 4,0 21
1 ,522,063
1,915,089
E v a n s v i l l e ______
949,578
982,594
K a l a m a z o o _____
944,624
F o rt W a y n e ____
811 ,21 5
6 83,396
778,722
Springfield , 111 . .
6 66,165
589,224
Y o u n g s t o w n ____
580,262
A k r o n _________
855,000
525,700
C a n t o n ________
661,540
550,080.
696,576
R o c k fo r d _____
477,841
592,932
L e x i n g t o n _______
472 ,04 9
61,124
South B e n d _____
389,166
4 31,482
S pringfield , O hio
335,781
405,909
B lo o m in g t o n ____
319,603
414,518
M ansfield________
278 ,17 6
4 03,460
Q u in c y ___ _______
289,304
347,711
D e c a t u r .............
239,213
2 1 9 ,58 9
J a ck son v ille, 111.
225,000
247 ,50 0
J a ck son _________
115,527
148.87(1
A n n A r b o r _______
2 9 9 ,32 5.6 92
351 ,31 9,5 74
T o t . M id .W e st.
3 0,5 4 5 ,1 7 6
4 0 ,3 62 ,12 0
San F ra n cisco ___
1 0,009,958
11,3 83 ,42 6
L os A n g e le s_____
8 ,6 2 1 ,0 8 2
11,2 35 ,16 0
S e a t t le ....................
5 ,3 4 1,3 39
6,742,92.3
S alt L ak e C it y ___
4 ,7 1 3,5 92
P o r t l a n d ________
7.4 3 4,9 29
3 ,9 5 6 ,9 4 5
6 ,4 5 9 ,4 4 7
S p o k a n e _________
3
,6 2 9 ,6 1 3
T a c o m a _________
5,1 1 0,9 00
3 ,4 1 5 ,8 6 4
O a k la n d _________
2 ,4 9 7 ,8 2 3
650,982
H elen a _________
9 75 ,00 0
438,869
F a r g o ........ ............
578 ,77 7
347,695
470,000
S io u x F a l l s ______
350 ,00 0
467 ,93 9
San J o s e _________
7 2,0 2 1 ,1 1 5
93 ,7 1 8 ,4 4 4
T o ta l P a c if i c ..
2 1 ,2 0 3 ,4 0 0
K an sas C i t y ____
2 8 ,8 3 7 ,6 0 0
1 6.3 42 ,14 3
2 0 ,4 91 ,67 6
M in n ea polis_____
1 0,0 32 ,70 4
11,604,401
O m a h a _________
8 ,1 7 3 ,7 2 8
S t. P a u l..................
9,03.5 2 ?0
6 ,1 5 5 .3 5 0
D e n v e r ___________
8 .5 7 5 ,5 7 8
5 ,5 8 9 .3 0 3
5 ,4 8 7,9 54
S t . J o s e p h .............
2 ,5 4 2 ,8 9 3
D es M oin es_____
2 ,7 8 3 ,2 7 5
1 ,8 9 7,2 26
S io u x C it y _______
2 ,2 8 3 .?5 1
1 ,403,908
L in coln .................
1 ,1 0 0,1 68
1 ,1 4 3,4 20
W i c h i t a _________
1,37 5,2 28
930 ,86 3
T o p e k a _________
1 ,0 3 0.6 70
8 34,291
D a v e n p o r t _______
794 ,25 8
603.*'30
C olora d o Springs
532,954
4 5 8 ,15 0
C ed ar R a p i d s ___
519 608
5 1 4 ,24 2
P u e b l o ....................
4 61 ,64 9
264 ,72 5
F r e m o n t ...............
277,517
7 8,0 8 9 .9 7 6
9 5 ,1 9 1 ,3 0 7
T o t . o t h .W e s t .
5 4 ,4 2 9 ,8 2 9
S t . L o u is ________
6 2 ,7 9 5 ,1 5 7
16,7 15 ,42 4
N ew O rle a n s____
1 7,2 22 ,44 8
1 2,4 82 ,22 5
1 2 ,4 30 ,88 5
L o u i s v i l l e _______
7 ,7 2 0 ,5 8 0
1 1.2 49 ,21 4
H o u s t o n ________
5 ,4 7 4 ,9 8 9
5 ,5 5 0 ,0 0 0
R i c h m o n d _______
5 ,1 1 5 .0 0 0
6 ,1 7 9 ,5 0 0
G a l v e s t o n _______
3 ,7 8 8 ,1 0 5
4,530,461
A t l a n t a _________
3 ,4 0 2,9 91
3 .9 1 3 ,5 4 6
M e m p h is ................
3 ,0 9 1 ,4 9 7
3 .6 6 8,4 81
N a s h v i l l e _______
3 ,0 4 2 ,9 1 5
2 ,8 3 5 ,3 4 4
S a v a n n a h .......... ..
2 ,5 3 3 ,8 1 2
3 ,0 5 6 ,4 4 6
F o r t W o r t h ______
2 ,1 7 6,5 94
2 ,8 2 9 ,2 2 4
N o r f o l k _________
2 ,3 7 3 ,0 9 9
1,858,801
B ir m in g h a m ____
1,46 2,0 67
1,4 10,896
M o b il e ___________
1,208,681
1 ,213,217
A u g u s t a ________
1,57 9,8 24
1,359.444
K n o x v i l l e _______
1,223,341
1 ,635,761
J a c k s o n v il le ____
1,5
5
5,8
90
1,31
4,7 21
C h a t t a n o o g a ____
1,12 5,0 00
981 ,72 6
C h a rle sto n ---------1,204,911
942,862
L ittle R o c k ...........
5 60 ,00 0
417,024
M a c o n ___________
1 ,0 0 0.0 00
1,1 0 0,0 00
W a c o ____________
458,501
413,321
B e a u m o n t _______
132 ,23 9,3 14
1 5 0 .52 4,4 40
T o ta l S ou th ern
T o ta l a ll.................. 2 ,5 6 2 ,6 4 0 ,0 8 2 2 ,7 1 3 ,7 3 0 ,1 6 5
O u tsid e N . Y . . 1 ,1 2 1 ,0 1 0 ,2 8 2 1 .0 0 7 ,0 9 6 ,4 1 7
C a n a da —
M o n t r e a l________
T o r o n t o __________
W in n ip e g ________
O t t a w a ............. ..
V a n c o u v e r _______
Q u e b e c ___________
H a lifa x ..................
H a m ilto n ________
S t . J o h n _________
L o n d o n __________
C a l g a r y --------------V i c t o r i a __________
E d m o n t o n _______
T o ta l C a n a d a .

3y*^

Inc. or
Dec.
%

— 0.6
+ 8.C
— 3 .4
+ 11.S
+ 4.E
— 2 .2
+ 1 3 .S
+ 11.5
+ 71.9
— 14.1
+ 11.8
+ 0 .1
+ 18.1
+ 6.9
+ 19.6
+ 18.6
+ 14.9
+ 29.5
+ 28.3
+ 5 .8
+ 23.9
+ 15.8
+ 13.6
+ 25.8
+ 3.5
— 14.1
+ 13.9
— 11.6
+ 47.3
+ 25.8
+ 2 6.6
+ 24.1
+ 3 1.6
+ 10.9
+ 20.9
+ 29.7
+ 45.0
+ 20.0
— 8 .2
+ 10.0
+ 28.9
+ 17.4
+ 32.1
+ 13.7
+ 30.3
+ 2 6.2
+ 57.7
+ 63.3
+ 40.8
— 26.9
+ 49.8
+ 31.9
+ 3 5.2
+ 3 3.7
+ 30.1
+ 3 6.0
+ 25.4
+ 15.7
+ 10.5
+ 39.3
— 1.8
+ 9 .5
+ 20.4
— 2 1.6
+ 2 0 .3
+ 10.7
— 4.8
— 11.7
+ 13.4
— 10.2
- + 4 .8
+ 2 1 .9
+ 15.4
+ 3 .0
— 0 .4
+ 45.7

1 905.

1904.
$
1 2 2 ,82 7.1 02
6 ,0 0 1,1 00
2 ,0 8 3 ,7 2 4
1 ,9 0 4,5 22
1 ,2 7 0,4 69
1 ,4 4 3,6 89
1,20 5,7 34
5 66,651
322 ,24 7
499 ,29 7
4 36 ,91 4
1 3 8 ,56 1,4 49
1 49 ,83 9,6 96
2 7 ,3 7 4 ,8 0 0
12,0 42 ,01 7
10,1 19 ,47 5
6 ,4 4 5 ,9 5 4
5 ,8 3 9 ,3 4 0
4 ,0 1 5 ,1 0 0
3 ,4 0 0 ,7 0 9
1,88 4,2 23
1.834,336
1,473,398
1,07 8,8 53
658 ,67 2

3
1 47 ,57 7,8 14
6 ,6 1 8,2 00
2 ,4 6 8 ,1 2 6
1,93 9,0 25
1,480,011
1 ,5 1 0,4 05
1 ,41 7,2 04
773,653
617,041
397,814
390 .29 6
165 ,18 9,5 89
186,929,511
2 5 .1 85 ,35 0
13,813.194
10,9 75 ,68 5
7 ,4 8 6,6 28
6,1 3 3,5 94
4 ,1 1 0,0 00
4,0 3 1,2 71
2 ,4 1 6,2 88
1 ,8 8 7,3 75
1 ,656,638
1 ,2 4 3,3 30
721,460
933,602
787,581
522,969
495,300
423,152
583,499
594 ,24 6
3 7 0 ,68 7
391,274
384,220
352,797
3 0 9 ,30 5
358,190
226,761
218 ,25 2
98.804
2 71 ,64 0,3 63
3 0,9 9 9 ,8 6 2
8 ,8 1 8 ,3 9 9
5 ,8 8 5,1 64
4 ,2 6 6 ,6 0 2
5 ,0 8 1 ,7 3 3
2 ,8 1 4,9 06
3 ,0 4 2 ,1 0 0

351 ,71 3
302,737
201 ,32 6
281 ,36 8
239 ,54 6
197,050
189,915
82,232
2 31 ,17 4,3 13
2 5 ,6 0 0 ,4 1 6
6,1 1 1,4 35
4,7 2 6,2 99
2 ,8 0 9 ,2 3 9
3,0 8 7,7 97
2 ,0 9 5 ,2 5 4
1 ,8 7 3,1 36

841 ,57 6
566 ,62 9
251,981

424 ,06 6
494 ,65 8
2 36 ,68 2

7 34,171
5 27,302
5 69,850
529,781
492 ,41 8
468,331

____

____

6 2 ,5 6 9 ,0 1 2
2 0,4 87 ,28 1
1 2,7 19 ,92 2
8 ,5 7 4 ,5 0 8
5 ,7 8 4,5 42
6 ,2 1 6,4 92
4,5 1 7 159
2 ,6 4 3 ,0 6 3
1 .63 4,8 02

4 7 ,4 5 8 ,9 8 2
1 8,2 80 ,31 3
1 1,580,771
6 ,5 0 4 ,2 1 9
6 ,9 1 1 ,7 9 6
4 ,1 5 0 ,3 0 7
4 ,1 8 8 ,8 9 4
2 ,1 7 1 ,2 8 5
1 ,1 6 2,6 72

1 ,1 2 5,7 09
649,217
652,572
460,195
455 ,48 8
413,616
240,203
6 6 ,5 7 4 ,7 6 9
55 ,0 9 8 ,4 4 2
1 6,7 41 ,73 4
9 ,9 7 6 .3 4 6
6 ,1 7 8 ,2 1 5
4 ,8 8 9 ,8 6 2
4 ,5 4 4 .5 0 0
2 ,7 2 7 .1 9 2
4 ,1 7 9 ,7 6 7
2 ,4 1 3 .7 9 4
4 ,0 1 2 .1 4 0
2 ,0 6 3,5 84
1,721,891
1 ,5 1 4,1 60
1,1 1 8,9 59
1,83 1,8 43
1,21 1,1 63
1,0 2 6,8 43
696 ,50 9
1,0 6 0,1 39
986 ,42 3
448 ,28 3

1 ,0 9 0.1 90
82 7 .9 8 6
6 6 7 ,18 8
4 0 1 ,84 6
3 3 2 ,79 3

__

___

137,659
5 8 ,5 0 7 ,9 1 9
4 8 ,7 6 4 ,5 8 6
1 3,6 44 ,17 2
1 0,3 38 ,63 2
4 ,7 5 9 ,8 0 1
4 ,0 7 0 ,3 2 3
3 ,3 6 2 ,0 0 0
2 ,1 8 5 .6 2 9
3 ,8 1 1 ,4 0 9
2 ,1 0 3 ,9 5 0
2 ,8 8 8 ,1 4 6
1,1 0 5,4 07
1,4 8 3,5 84
1 ,0 1 6,5 05

+ 20.8
+ 19.9
+ 15.0
+ 18.7
— 6 .8
+ 20.6
+ 30.0
+ 27.7
+ 1.5
1,0 4 5,3 95
— 0 .4
1,2 6 0,5 24
+ 1 6 .1
752 ,17 8
+ 3 3.7
723 ,21 0
+ 18.3
+ 14.6
990 ,20 7
7 1 5 ,9 3 5
+ 27.8
+ 3 4.3
2 97 ,94 5
+ 10.0
3 98 .11 5
+ 10.9
3 48 ,46 6
124 ,74 9,9 04
1 05 ,66 8,0 94
+ 13.8
— 5 .6 2 .2 8 9 .8 3 7 ,4 3 4 1 ,8 2 8 ,0 9 3 ,6 2 4
+ 11.3
7 7 2 ,1 8 9 ,3 3 0
9 1 5 ,1 5 7 ,0 4 7

— 0 .9
2 9 ,9 9 9 ,0 9 2
2 9 ,7 3 6 ,5 0 6
2 2 ,6 4 2 ,0 7 3
2 4 ,1 6 6 ,6 8 6
8 .7 7 0 ,7 8 7 + 41.4
12,3 99 ,64 0
2 ,5 5 4 ,8 7 8 + 2 7.8
3 ,2 6 4 ,2 0 7
2 ,5 2 9 ,3 2 2 + 5 1.6
3 ,8 3 5 .8 0 0
1 ,9 2 0.1 03
2 ,2 8 1 ,1 6 7
+ 8 .4
1 .6 6 0,1 16
1 ,8 0 0,0 00
1 .4 3 2,8 32 + 2 1 .1
1 ,7 3 4,0 36
+ 3.4
1 ,1 6 5.4 36
1 ,2 0 5,9 73
1 ,0 3 2 ,4 6 9 + 1 3 . 3
1 ,1 6 9,8 15
775 ,16 2 + 6 5 .7
1 ,2 8 4,7 35
641.126| + 6 1 . 5
1 ,0 3 5,5 09
1 ,1 1 1,1 79 N o t In clu ded In totiil
7 4 ,3 4 8 ,2 3 4 ! + 1 2 . 9
8 3 ,9 1 4 ,0 7 4

____

2 3 ,6 4 4 ,5 0 2
1 9.0 17 .00 2
6 ,0 4 6 .5 5 2
2 ,3 7 8 ,9 3 3
1 ,87 7,3 08
1 .6 7 0,7 47
1 ,5 0 7,5 97
1,2 0 6,1 19
1,1 1 4,7 59
8 59 ,66 3

1 9,6 9 1 ,8 5 0
1 5 ,1 55 ,03 9
5 ,1 2 7 ,6 1 6
2 ,2 5 4 ,7 8 4
1 .7 2 5,9 29
1 ,4 5 8.3 23
1 ,5 3 8 ,9 5 7
1,0 6 8,4 83
947 ,77 4
8 5 2 ,44 1

594 ,14 4

53-1,753

6 0 ,0 0 7 ,3 2 6

5 0 ,3 5 5 .9 5 2

Condition of National Banks Nov. 12 1906, Jan. 28. Mar. 22 and May 20 1#07 on Pages 1531 1532, 1533 and 1534.

___

1510

THE CHRONICLE.

[V o l .

l x x x iv .

The index to Volume 84 of the “ Chronicle,” cover­ with our remark, the fact is that deposits are not
ing the numbers from January to June 1907, will be small now, but large. New York City Clearing-House
institutions last week reported $1,106,982,000 deposits
sent out with next Saturday’s issue of the paper.
against S i,049,472,300 the same date a year ago.
Those items are, both of them, large, the latest being
STREET R A I L W A Y SECTION.
A new number of our “ Street Railway Section” is a full average for a considerable time. That fact, how­
forwarded to our subscribers to-day. It will be ob­ ever, has no bearing on our remark. Although de­
served that this publication appears in new type posits were and are so very large, full proof of our
assertion of a sluggish demand is found in our weekly
throughout.
The editorial discussions in the “ Street Railway Sec­ sales at our Stock Exchange. Last week’s exhibit was
tion” comprise an article entitled “ A comprehensive one of the worst ever known. The aggregate sales
Report on Municipal Ownership” and an article on reached a total of only 1,308,689 shares for the week
ending with June 22 (closing with only 54,627 shares
“ The Electric Lines of the New Haven Road.”
sold on Saturday), against total sales in the week end­
TH E F IN A N C IA L S IT U A T IO N .
ing January 4 1907 of 2,861,710 shares and January 4
One of our correspondents in the South, writing 1906 of 6,655,086 shares. The N .Y . Stock Exchangeus the past week, makes certain statements of interest transactions represent what has been going on in the
as to the monetary situation in the South, while United States in stocks and securities more nearly than
criticising some things we said in this article in our issue any other record we could quote from; those figures r
of. June 15th. The prosperity our country has enjoyed as the reader will see, have shown almost nothing doing.
Yet it is true that there is just as much money in
in recent years has been in no part of it more dis­
tinguished than in the Southern States. As we all New York as there ever was. To-day, likewise, large
know, cotton at its higher value has proved a source investors and, we think, small investors of the con­
of rapid growth in wealth. Cotton manufacture has servative type, are just as numerous here as they
developed a profitableness and a success beyond all ever were, and they have abundance of capital on
expectation. Highly attractive winter resorts have hand or within easy reach to invest. There is no
brought vast numbers of wealthy people who spend lack at all in any of those respects. The only weak
freely to winter in the South. Finally, iron and its spot is the low state of credit; this is most of all ap­
allied industries have opened centres of trade, rapidly parent in the market for railroad securities (the largest
fructifying other portions of the same States. As was body of securities in the United States) and it is so be­
natural, amid all these developing forces railroad cause our rulers and legislators have been showing a dis­
facilities became a prime necessity; when the new position to do what will put the income of that class of
industrial impulse had its start, Southern roads were companies below a point at which the managers can
in a highly primitive condition; but, pari passu with make enough to cover their necessary repairs, needed
trade development, immense amounts of capital were new work, ordinary expenses, interest charges and
spent in reorganizing, rebuilding and extending the dividends; jeopardizing such a vast amount of values
old lines, and now those roads stand ready to spend is shaking the foundations of all credit. We think,
other large amounts of money in much desired and therefore, the words we used, that* “ the superstruc­
tures of credit were undermined,” were just the ones
further helpful improvements.
This situation ought, it would seem, to awaken to disclose best the idea we sought to express. Again,
feelings of unbounded satisfaction in every citizen of our rulers and legislators are not only displaying a
any Southern State; also to stimulate a desire to let disposition to harm railroads, but are expressing a
all these branches of prosperity go on, doing as little desire and showing a purpose to injure the money­
as possible to disturb the natural course of any of making prospects of all corporate capital. This con­
them.
Instead of that, our friend appears a good dition of affairs has imparted a universality to this
deal dissatisfied. He tells us “ there has been too much state of discredit to all United States securities, making
confidence”— “ industrial enterprises have prospered the discredit more general than we have ever known
too fast.” He finds money scarce in his section, to prevail before, except during the silver craze, and
“ scarcer,” he says, “ than I have ever known it at this we have been in the business of observing and writing
season, and the investment demand for stocks and about such matters since 1860.
The South holds a position of great influence in the
bonds is practically dead.” Among other things that
appear to him to be wrong, he quotes, as heretofore future of this credit involvement. That body of
said, a few sentences taken from our “ Financial Situa­ States cannot willingly throw away any of the ad­
tion” of June 15th (page 1392-3). The statement he vantages of a material kind it possesses. It is claimed
seems to criticise is the following: “ Beyond a doubt that the South feels the derangement up to this time
our disgruntled condition is chargeable to an utter less than any other section. Very likely that is true.
loss‘of confidence in security values. In other words, But if it already feels “ a scarcity of money greater
the superstructure of credit has been undermined and than ever experienced at this time of the year, and
no value is low enough to induce investors to make that the investment demand for stocks and bonds is
dead,” the day of reckoning may not be far off; and
purchases.”
After quoting those words he adds: “ If your “ when industrial enterprises begin to fail, as they
conclusions are correct, what becomes of the surely will,” the day for working against the threat­
interest, dividends, &c., now accruing to the investors, ened involvement will have been passed. The repeal
banks, &c. It would appear that if people are not of all laws passed adverse to the interests of corporate
investing that the banks would have large deposits property would improve the credit of securities in
for which there would be no demand.” Although we every State that did it.
do not see what large deposits in banks have to do



J u n e 29 1907.]

THE CHRONICLE.

The withdrawals by the Bank of France from that
of England of the gold which the former advanced to
the latter more than six months ago is practically
at an end. As will be remembered, the object of these
advances was to relieve discount tension at the Bank
of England, which was largely due to our imports of
gold from London in December 1906. This end of
that movement makes interesting a statement of the
manner by which these advances were effected. At the
close of last year, when it became apparent that the
situation in London needed relief, the Bank of France,
in order to effect such relief by increasing the stock of
gold in the British capital, arranged to discount a
large amount of bills for the Rothschilds, with the un­
derstanding that the proceeds, in gold, were to be sent
to London to strengthen the Bank position there; the
Bank of France discounted foreign bills to the extent of
about 58 million francs at first and later increased such
discounts to 65 million francs.
In the address of M. Pallain, the President of the
Bank of France, at the annual meeting of stockholders
Jan. 31, he stated that the European markets were
affected in previous months by the exceptional de­
mands from all parts of the world, and particularly
from the United States. The rate of discount in Lon­
don rose to 6 % without checking the drain of gold,
and there were reasons to fear, if that movement was
not arrested, that the Bank of England might be con­
strained further to raise its rate of discount. In that
situation the Bank had a double duty to perform—
to ensure to the markets at home and abroad the neces­
sary resources, and to prevent a rise in the exchanges,
the effects of which would have been inevitably felt in
France; this, too, had to be done in a manner to avoid
favoring the existing speculation, which, if encouraged,
would have very likely ended in a crisis. Adopting
this policy, which has been justified by events, the Bank
of France, by discounting English bills, assisted the
London market with the funds necessary to enable it
to meet and provide for the difficult juncture. The
Bank did not part with its gold heedlessly and without
the certainty that it was being sent where its action
would be most efficacious, and where it would be of
interest in preventing a possible crisis in French trade
affairs. In the exercise of the liberty conferred on the
Bank by its statutes, to discount foreign bills, it took
in that paper for a sum equivalent to the amount of
the gold sent to places where temporary assistance was
needed for legitimate requirements, and with the cer­
tainty that it would return. At the same time, the
paper offered to the Bank for discount, with the
view of obtaining the means of facilitating an exag­
gerated speculation abroad, was refused.
It is noteworthy that, while the gold proceeds of
discounted English bills were not advanced as a loan,
as was the case when the Bank of France loaned the
Bank of England 15 million dollars to strengthen its
reserves in the Baring crisis, yet the December 1906
shipments of gold to London resulted from special
arrangements with the Bank of France and differed
more in form than in substance from the gold loan of
1890. It was through the Rothschilds that the De­
cember 1906 shipments to London were arranged; in
1890 the transaction was effected directly bfetween the
two banks. In 1890 the gold that was borrowed was
returned in the original and unbroken packages, after
the crisis had passed; now the gold has been sent back




1511

in the usual form, through the liquidation of the dis­
counted bills.
The series of statements of the national banks of
the United States, covering the condition of the insti­
tutions at various periods from Nov. 12 1906 to May 20
1907, as compiled from reports to the Comptroller of
the Currency, and published on pages 1531 to 1534 of
this issue, furnish an instructive exhibit of the augmen­
tation of banking facilities of the country the past six
months. One fact that will attract attention is the
important growth in number of institutions in sections
where added banking facilities are most urgently
needed. At reserve cities, or centres of chief financial
activity, there has been no apparent growth in the
number of national banks for some considerable time,
but to assume that no new institutions have come into
existence would be entirely erroneous. The truth is
that, while the actual number of national banks at
reserve cities, at the date of the latest report, was less
by two than a year ago, a number of new banks have
been organized, but at the same time there have been
important consolidations of older institutions, not only
at New York, but in other cities. This accounts for
the seeming loss in number. A still more significant
fact is that the number of banks in New York City,
which at the last call was reported at 39, has .been
gradually decreasing since 1896, when the number
stood at 49. But on the earlier date the aggregate
capital and surplus was only $50,600,000, whereas now
it is $109,365,290. Furthermore, the aggregate capi­
tal and surplus of banks located at reserve cities was
$367,812,070 on May 20 1907, against only $340,047,700 on June 18 1906, and the surplus fund on the
same dates was respectively $284,967,233 and $245,978,509. Clear evidence of growth in strength, if not
in number.
Elsewhere in the country, except in the New England
section, the organizing of national banks has been con­
stantly in progress. In what is denominated the
Eastern division, there has been a gain of 76 banks
since June 18 last, providing about 12 millions more
capital; the number at the South has been increased
90 during the same period and capitalization has risen
11 millions. The Middle Western States have 73 more
national banks than on the date in 1906 mentioned
above, capital being enhanced by about 5 millions;
112 new institutions measures the gain in the Western
States, the additional capital furnished reaching 4
millions, and on the Pacific the number has risen 29
and the capital about 4 millions. Finally, the addi­
tion in the whole country (reserve cities included) for
the 11 months has been 376 national banks; capitaliza­
tion during the same interval has risen from $826,129,785 to $883,690,817, and the aggregate surplus
fund shows an augmentation of nearly 86 millions of
dollars. The new institutions, as can be judged from
the above details, are not, as a rule, of large individual
capitalization, but that is, under the circumstances,
a minor consideration. The important point is that
facilities for expeditious transacting of business (and
banks are a prime essential) are being steadily and
quite rapidly being extended to communities where
their need had been a great drawback.
The announcement of a gift of $300,000 by Mrs. Rus­
sell Sage, the income of which is to be applied to the

1512

THE CHRONICLE.

support of an institute of pathology to be carried on
in connection with two of the city’s institutions on
Blackwell’s Island, is interesting in several respects,
and in one quite suggestive. The special purpose of
the institute is research into the problems of disease,
particularly diseases of advanced years, also the im­
provement of the city’s poor and aged in one of its
public institutions. This is the most munificent pro­
vision yet made for a city hospital purpose here, and is
more interesting because of its special object and be­
cause of a peculiar timeliness in it, just as funds are
imperatively needed to continue some pathological work
which has been performed without salary and at a
time when further contributions from the city treasury
had been found more than usually difficult to arrange.
There is also a significance in the gift just now, for
other reasons, and it is because of this significance
that we refer to it. Not many months ago, we referred
to an extraordinarily large gift just then made for gen­
eral educational work, and now that so much denun­
ciation of alleged “ predatory wealth” is indulged in,
and there is so much talk, radical if not revolutionary,
about income and inheritance taxes,and the like, not
for any purpose of raising revenue but for the avowed
purpose of making large accumulations impossible,
it might be very well to inqure how great public educa­
tional and benevolent enterprises would get on if no­
body had much wealth. Putting every other consider­
ation by for the moment, if we can conceive this sup­
posedly ideal condition of equality in possessions some­
how brought about, and can also stretch imagination
to suppose that the equality remained, who would do
the founding and endowing? The extreme Socialist
may reply that the Commonwealth would attend to
all that; we will allow him his answer without discus­
sing its improbability; but we could contentedly leave
the persons interested in founding and carrying on such
institutions to say whether they would see much hope
for them under such an outlook.
It is indisputable that the land (if there is such a
land) “ where wealth accumulates and men decay” does
and must fare ill. On the other hand, if we turn back
a few centuries, we find that the rich then had fewer
comforts than the poor have now. The plan of crea­
tion, as we argue from our reason and perceive from
observation, is for a gradual rise in the average scale of
living, so that, as some one has well said, the luxuries
of one generation become the necessities of the next.
Putting aside the legal, the moral and the economic
side of these socialistic dreams for making men equal
in possessions, hostility to wealth is short-sighted.
Say that wealthy men “ owe” a debt to their less for­
tunate fellows; we need not argue the proposition, for
they recognize a sort of debt by paying it. More and
more they perceive'andjionor civic obligations. They
return of what they have gathered. They do not,
and they surely should not, scatter largess at random;
they make a study of the problem of doing real good,
and there is rarely a case where they judge unwisely.
The tale of great public benefactions is lengthening.
But rich men and women have a human nature, and
could not be expected to give if they are also to be forci­
bly laid hold of. Is it not better, in view merely of
results, to leave them to do their own redistributing?

[V o l .

l x x x iv .

class of the Yale Law School, speaking on the develop­
ment of the Federal power to regulate commerce. It
is a historical fact that the Union was formed only
with great difficulty, the thirteen States being keenly
alive to their sovereign rights and much troubled with
jealousies, so that the argument which finally prevailed
to bring them in was the cogent one that if they staid
single they would be exposed to subjugation by foreign
powers. The Federal control over commerce “ was
granted chiefly (says Mr. Knox) as a safeguard against
commercial hostilities and reprisals between the
States” ; it might be called a placating and unifying
expedient. Declaring distinctly that “ the national
power of regulation should be invoked only when ne­
cessity for regulation exists, Mr. Knox briefly sketches
the rise of the modern regulative movement, in the
failure of the States to wisely regulate inter-State
commerce and in such abuses as rebates and like forms
of preferential service. Some laws were passed to
suppress these abuses, and those laws have been en­
forced and sustained, says Mr. Knox, except the one
which confers on the Inter-State Commission the ratemaking power.
The existing rule as it has been judicially deter­
mined, says Mr. Knox, is that “ Congress has the
power to regulater inter-State commerce, which in­
cludes the power to regulate the means or instrumen­
talities by which commerce is conducted.” Then he
comes to what he calls “ the new proposition,” at which
he draws a clear line of demarcation— the proposition
that “ Congress has the power to regulate commerce,
including its instrumentalities, and likewise power to
regulate the persons by whom articles of commerce
are produced in respect to matters disconnected with
commerce.”
It may be said of this new proposition that, if it is
once admitted, it has no definite bounds anywhere,
for it declares that because an incident of a business is
subject to Federal regulation the business itself is thus
subject. To take an illustration of our own, because
the product of a particular business, say the business
of making newspapers, is carried across a State boun­
dary, therefore, the entire business in every respect
and detail is subject to control from Washington.
Mr. Knox does not dwell tf^on this proposition, for,
he says, “ It is hardly worth while to discuss the propo­
sition that production is not commerce.” He cites a
decision by Justice Lamar, who drew very clearly the
natural distinction between manufacture and com­
merce and declared that the result of such a proposition
as this “ new” one would be to invest Congress, to the
exclusion of all the States, with regulative power over
every human industry, for there is not one which does
not contemplate more or less clearly an inter-State or
a foreign market. The wheat grower of the West and
the cotton grower of the South, with everything and
everybody between, would thus become subject to the
power of Congress. After citing other decisions, Mr.
Knox concedes that the national power over commerce
carries with it “ the right to prohibit commerce in
order to secure equality of commercial right or to
prevent restraint of or interference with commerce,
but not to prohibit the shipment o f the innocuous
products o f producers within a State who are pursuing
a course sanctioned by the laws o f the State and in no
On Tuesday evening Senator Knox of Pennsylvania wise interfering with inter-State commerce.” Could
delivered the commencement address to the graduating this be done, he says, it might be done arbitrarily;




J u n e 29 1907.]

THE CHRONICLE'

Congress might even “ prohibit the shipment of cotton
or wheat in order to promote the interest of wool or
com .”
Mr. Knox quotes other Supreme Court expressions
to the like tenor, and from Washington, from Lincoln,
and from Chief-Justice Marshall, the last of whom said
that ‘ ‘the genius and character of the whole Government
seem to be that its action is to be applied to all the
external concerns of the nation and to those internal
concerns which affect the States generally; but not to
those which are completely within a particular State,
which do not affect other States and with which it is
not necessary to interfere for the purpose of executing
some of the general powers of the Government.” We
could copy these with satisfaction were it not that the
founders and the most illustrious Americans of the past
have somehow got to seem old-fashioned and out of
date— we are told that new situations demand new
powers and that those powers must be found; hence, it
is more to the present occasion to see what men, ap­
parently influential to-day, think than to recite the
views of dead Americans who seem to have lost their
influence for the time. So here are a few sentences
by Mr. Knox:
“ Congress may employ such means as it chooses to
accomplish that which is within its power. But the
end to be accomplished must be within the scope of its
Constitutional powers. The legislative discretion ex­
tends to the means, and not to the ends to be accom­
plished by use of the means.
“ Sovereignty for the protection of life, property,
good order, public morals and personal liberty within
the respective States rests with the States.
“ The rights of life, liberty and the pursuit of happi­
ness— or, in other words, the inalienable rights of citi­
zenship— are neither derived from the General Govern­
ment nor are theyjenforced by the General Government,
except as the Fourteenth Amendment may protect them
from adverse State action.
“ That the Congress of the United States has no
general legislative powers but only such as are granted
to it by the Constitution, is not an old and exploded
notion.
“ The power of the Federal Government cannot be
increased except by new grants of power through
amendment of the Constitution.
“ The Constitution is not to perish at the hands of
the impassioned phrase-maker.”
How sound, sane, stable and timely this is, we need
not urge. Step by step, by an adroit fanning of popu­
lar emotions, and by the use of specious catch-phrases,
the movement towards usurpation of powers never
before dreamed of has gone on until all the old land­
marks have been passed and people almost forget that
there is a Constitution and that it carefully arranged a
balance of powers between several departments, none
of which could encroach upon another. It is a good
augury that this address was delivered to a group of
young law graduates, that they may go out into active
life with the lines of government clearly drawn for
them; but it is not less important for all of us to take
our bearings anew.
What is more fortunate, still, and very much to the
point just now, is that this is a deliberately prepared
address by a man who is to be reckoned among candi­
dates for the presidential nomination next year. He
is among the number, and this clear and strong stand
for a return to conservatism is an announcement of
his position. If Mr. Knox is not mistaken— and we
do not think he is— the signs are that the country is



1513

beginning the sober second thought we have been urg­
ing and that a reaction from the radicalism which has
been so acted and preached is near at hand. What he
says would be sound at any time, but it might not be
timely at all times. It is so now, and his own position
gives it significance. It is a happy augury from which
we may draw courage.
On Tuesday of this week, after engagements of two
millions gold had been effected for shipment to London
on the following day, the market for sight sterling and
cables fell 25 points to figures which made impractica­
ble further engagements either for London or for Paris.
On Wednesday there was a still greater recession in
rates for these classes of exchange, caused by news
that 'the Bank of England had withdrawn its offer of
advances on the metal while it was in transit hence to
London, and the movement of gold from New York to
Europe, which began May 28, came to an end for the
time being. The influences contributing to this fall
in exchange, and causing a somewhat abrupt termina­
tion of gold exports, were the improvement in the
situation in Egypt, which seems to have been relieved
by last week’s remittance of gold from London; the
more composed conditions in the wine-manufacturing
districts in France, resulting from compliance by the
Government with the demand for legislation pro­
hibitory of adulteration of the product; and evidence
that the political situation in Russia was not likely
to affect financial conditions in Western Europe.
The shipments of gold hence to Paris, which, as
above noted, began May 28, have amounted to $21,150,000 and to London $3,750,000, making a total
of $24,900,000. Previous to the inauguration of im­
ports of the metal from New York, or soon after the
middle of April, the Bank of France began to with­
draw from the Bank of England gold, the proceeds of
drafts which the Bank of France discounted at inter­
vals, beginning in December last year. These drafts
amounted, as has been stated by the President of the
Bank of France, to about 13 million dollars. Early
in May French bankers began to buy South African
gold in the London bullion market, and it is estimated
that such purchases have amounted to about 8 million
dollars. These several sums— representing gold ob­
tained from the Bank of England directly as the pro­
ceeds of the Bank of France’s advances and from the
London bullion market, through purchases by French
bankers, together with that which has been shipped
hence to Paris— make a total of 42 million dollars. The
weekly statements of the Bank of France, showing its
holdings of gold, indicate that since April 25 it has
accumulated £6,922,291 net, or, approximately, 35
million dollars. The difference between this sum and
the 42 millions which we have traced into the Bank
through the sources of supply above mentioned, may
be accounted for on the supposition that the Bank has
recently been responding to requisitions by Japan.
The amount of the current week’s shipments of gold
to France and the metal which, at the beginning of
this week, was in transit, together $7,650,000, may,
however, in part account for the above difference, for
gold in transit is regarded by tke Bank as part of its
reserve.
Bankers are now of the opinion that the Bank of
France has almost if not entirely satisfied its require­
ments for gold, though moderate amounts may yet

1514

THE CHRONICLE.

be exported. Should this be the case, we may look
for a material relaxation of discount tension, at least
at Paris and London. With French bankers no
longer competing, in the interest of the Bank of
France, for the Cape gold in the London bullion mar­
ket, and with the Bank of France’s claims upon the
Bank of England for advances settled, the latter should
be able to accumulate a sufficiency of the metal to
justify it in reducing its rate of discount. Such re­
duction would most likely be followed by a similar
course by the Bank of France and possibly by that of
Germany.
The disposition now-a-days is to treat constitutional
obligations rather lightly. Hence it is not surprising
that a measure should have become law this week
with the Governor’s approval which is tantamount
to an evasion of a constitutional provision. The State
of New York has for some time been trying to sell its
canal bonds, but very naturally has been unable to
find a market for them, since the bonds bear only 3 %
interest. These are times when investors expect a
better return than 3 % , even when the security is of
gilt-edged character. Yet the State is not in position
to offer a higher rate of interest. Under our State
Constitution, no debt can be created in excess of S I,000,000 in the aggregate (except in times of war)
unless the proposition has received the approval of
the people at the polls. Acting in accordance with
this constitutional mandate, the Legislature at its
session in 1903 passed a law providing for the issue
of $101,000,000 bonds for the improvement of the
canals, and then submitted the law to a vote of the
people at the ensuing election in November, when
it received popular endorsement by a large majority.
Unfortunately, the mistake was made of limiting the
rate of interest to 3 % , and this of course binds the
State officials, who can therefore offer no higher rate.
This being the situation, a simple way out of the dilem­
ma would have been to pass a new lawand submit it for
approval at the coming November’s election, and thus
have dealt with a situation for which the State offi­
cials are in no way responsible in a plain and straight­
forward manner. The delay of a few months until
election time could have made no very important
difference. Instead of this our legislators seek to
accomplish indirectly what ought to be done directly.
In order to make it an inducement for certain classes
of institutions to buy and hold these 3 % canal bonds,
the Tax Law is amended and a credit of
1 per cent of the amount of the bonds
held given on the annual taxes due from such institu­
tions. The exact language of the statute is that every
corporation, company or association required “ to pay
to the State an annual tax equal to a percentage of
its gross premiums, capital stock, surplus, undivided
profits or undivided earnings, or one or more, for the
privilege of exercising its corporate franchise or carry­
ing on its business in such corporate or organized
capacity, which shall own any of the bonds of the
State of New York, shall have credited to it annually,
to apply upon or in lieu of the payment of such tax,
an amount equal to 1 per centum of the par value of
all such bonds of the State bearing interest at a rate
not exceeding 3 per centum per annum owned and
held by and registered in the name of such corpora­
tion, company or association on the 30th day of June




[V o l .

l x x x iv .

prior to the date when such tax shall become due and
payable.” The effect of this law is that in the case of
savings banks, trust companies, insurance companies
and other institutions which come under its provisions,
the rate of interest is raised 1 % — that is, while nomi­
nally the State is paying only 3 % interest, actually it
is paying 4 % . There is no particular harm in this,
since money commands as much as that, but how much
better would it have been to have conformed strictly
with the constitutional requirement and opened the
field to all possible bidders instead of to only a limited
class. We are sure the result would be better in the
end, while at the same time all occasion for criticism
would be removed.
The chief financial event of the week has been New
York City’s offering of $29,000,000 4 % tax-exempt
bonds yesterday afternoon. The outcome of the offering
had been awaited with much interest, not unmixed with
some concern and anxiety. The non-success of the sale,
therefore, does not come altogether as a surprise.
On February 1 of the present year, it will be recalled,
the city offered $30,000,000 of these 4 % bonds and
succeeded in selling at a price slightly above par the
whole of the $26,000,000 50-year bonds, but only $511
000 out of the $1,500,000 20-year bonds, and but
$1,075,000 of the $1,500,000 assessment bonds. Con­
sidering all the conditions, this was a very satisfactory
sale. Even then, however, it was considered doubtful
whether Comptroller Metz could repeat the perfor­
mance. A short time after the sale, the bonds began
to show a sagging tendency and there is reason to be­
lieve that some of the purchasers at this sale were
obliged to re-sell these bonds at slight concessions from
the price paid. As a matter of prudence, therefore,
it was thought best to secure an amendment to the
law which would enable the city authorities to raise the
rate of interest if it became necessary to take such a
course. Previously, the city could not make the rate
higher than 4 % . The desired amendment to the law
was obtained, and at yesterday’s sale it was within the
power of Mr. Metz to advance the rate. He did not
think it best, though, to adopt this course, as he was
inclined to believe that he could float this large issue
at the old rate of interest. But facts and conditions
were against him. The 3 % per cents have for some
time been selling on a higher interest basis than 4 % ,
though, as against this, there was the extra induce­
ment offered on this occasion, namely the privilege
to have the bonds coupon in form, thereby making
them more readily salable.
However, the test shows
that 4 % bonds, at this time at least, cannot be placed.
He received 57 bids altogether, but these represented
aggregate applications of only $2,121,840. Contrary
to general expectations, there were no bids for very
large amounts, and of course no bids whatever for the
whole issue. The largest amount applied for by any
single bidder was $300,000.
It is not well to make over much of this failure of
the city to float such a large issue. Confidence in the
financial world has been deeply undermined as a result
of the hostile spirit that has been manifested so long
against capital and accumulated wealth; and while a
New York City 4 % tax-exempt bond at par looks very
tempting, large numbers of people who would ordinarily
come in to buy such an obligation are not able to do so
at the present juncture (owing to the fact that they

J u n e 29 1907.]

THE CHRONICLE.

can not find a market for other high-grade securities
held by them), while others will not part with their
money, in view of the dubious nature of the pros­
pects for the immediate future, except at much higher
rates of interest. For instance, very good notes of
railroads and other corporations can be bought at fig­
ures to net 6 and 7 % . It is true that Philadelphia
succeeded in floating $6,000,000 of 4 per cents this
week at a price slightly above par, but the situation
there is somewhat different from what it is in this city.
In the first place, the amount of the offering was so
much smaller, and in the second place, Philadelphia
is a much less frequent borrower in the market. It
may be recalled that last March Philadelphia offered
$5,000,000 bonds at only 33^% interest and sold but
$125 ,000, and the present was the first time that city
has offered a 4 % issue since the panic of 1893.
One of the developments of the week has been a
distinct weakening of both the price of copper arid the
price of iron. As far as copper is concerned, the quo­
tation has been at really forbidding figures for some
months, namely 25@ 26 cents a pound, and it cannot
be deemed strange that a sort of deadlock should have
developed between consumers and producers— that
consumers on the one hand should be holding off in
the hope that by waiting a little while they may be
able to purchase at some concessions from present
nominal figures, while, on the other hand, the mining
and selling companies have adopted a hesitating,
halting policy, uncertain what course it would be best
for them to pursue. No copper for immediate deliv­
ery appears to be available, and the uncertainty, there­
fore, refers only to copper for future delivery— say,
the last quarter of the year. The London price for
standard copper for future delivery seems to be ruling
much below the New York parity and everybody here
apparently is waiting to see what the attitude of the
United States Selling Company, which is the selling
agency for the Amalgamated Copper Co., will do.
Some announcement from that direction is looked for
within a few days. It should be understood that the
copper companies have been getting the exceptionally
high figure of 25 cents for copper for only a very short
time; hence, if the price were dropped even three or
four cents a pound, the companies would still be realiz­
ing fully as much as the average obtained by them
during the late calendar year.
In the case of the iron trade considerable uncertainty
also appears to be developing, though this remark
applies to iron alone and not to any great extent to
steel. Most of the trade reports are still optimistic.
For instance, we find the “ Iron Age” of this city
saying that “ again and again evidence is cropping up
that melters have not covered their requirements of
pig iron as fully as was claimed and they appear in
the market for early deliveries.” But a little further
below, in the same statement, there is the following
remark: “ In the tidewater territory the continued
importations of foreign iron are putting pressure on
the foundry iron markets, since Middlesborough No. 3
is selling at $20 50 to $21 ex ship.
Even adding
$1 to $1 50 for freight to consumers’ yards, there is a
tempting difference in favor of imported iron.” How­
ever, the most significant bit of news apropos of the
situation is contained in a dispatch from Pittsburgh




1515

to the New York “ Times” under date of June 26.
The telegram is to the effect that as the result of the
failure of Milliken Bros, of New York, 35,000 tons of
first-class pig iron were on the day named dumped
on a weak market, causing the price of pig iron to drop
from $24 50 to $23 50 a ton. It is added that a further
decline is likely.
We wonder if the reader appreciates the signifi­
cance of this item of news.
The United States
is now and has for some time been producing
25,000,000 tons of pig iron a year and yet an unex­
pected offering of only 35,000 tons has been sufficient,
apparently, to knock the bottom out of the market.
Certainly, there is nothing very assuring in such a cir­
cumstance, and the matter looks all the more note­
worthy in view of the fact that for over a year or more
the constant report has been that the demand for iron
exceeded the supply. To find out now, on the one
hand, from the “ Iron Age,” that the pressure of foreign
iron is unfavorably affecting prices at the seaboard,
and, on the other hand, from the dispatch to the New
York “ Times,” that the offering of a small amount of
iron has broken the market at Pittsburgh, seems to
make it evident that there is not that degree of confi­
dence in the trade that existed up to but a short time
ago. There is this much to be said, however, that
prices of iron have been altogether too high compared
with the prices of steel and finished forms of both iron
and steel. A considerable decline in the price of the
pig metal would tend to restore the equilibrium and
in that sense would possess a favorable aspect. The
danger is that the weakness in iron may extend to all
the products of iron and steel.
There was no change in official rates of discount by
any of the European banks this week; compared with
last week, unofficial or open market rates were 3 4 ® ^
of 1% lower at London, steady at Paris and ^ o f 1%
lower at Berlin and Frankfort. The easier discount
conditions above noted are the results of an improve­
ment in the European situation which has been ob­
servable during the week. The financial troubles in
Egypt proved to be less acute than was feared, and
the fortnightly settlement on the London Stock Ex­
change was effected without important failures; conse­
quently a more confident feeling prevailed at the Brit­
ish capital. The French Government responded to
the demand of the wine growers with legislation pro­
hibiting adulteration of the product, so that peace
was restored in the Midi, and the absence of serious
disturbance in Russia contributed to allay apprehen­
sions, if any had been felt, of financial derange­
ment at Paris as the result of the Russian political
situation. The preparations for the half-yearly settle­
ments at the chief centres probably gave assurance of
generally encouraging exhibits by the banking insti­
tutions, and this fact doubtless had much influence
in sustaining the securities markets.
The most notable feature of the statement of the
New York Associated Banks last week was the small
decrease of $710,600 in cash reserves,which was so
contrary to general expectations as to make explana­
tions thereof extremely difficult. The surplus showed
an increase of $1,111,975 as the result of a decrease
of $1,822,575 in reserve requirements. Loans were
contracted $5,403,100 and deposits were reduced
$7,290,300. The losses by the banks to the Sub-

1516

THE CHRONICLE.

Treasury this week were quite large, as the result of
$6,400,000 gold exports and of the operations of that
office; there was a transfer of $500,000 hence to San
Francisco and a shipment of $1,500,000 to Chicago.
The money market was active and rates for loans
on call and on time were higher, partly because of
the indications in the Treasury daily reports of an un­
favorable bank statement and also for the reason that
preparations were being made for the distribution,
after Tuesday of next week, of the unusually large
amount of 180 millions of dividends and interest.
Day-to-day money, representing bankers’ balances,
loaned at the Stock Exchange during the week at 12 %
and at 2 % , averaging about 5% ;. banks and trust
companies loaned at 23^% as the minimum. On
Monday loans were at 3 ^ % and at 2 % with the
bulk of the business at 2 *4% . On Tuesday transac­
tions were at 334% and at ^ % with the majority at
3 % . On Wednesday loans were at 4 % and at 3 %
with the bulk of the business at 334% . On Thursday
transactions were at 6 % and at 3 % % with the ma­
jority at 53^% . On Friday loans were at 12% and
at 6 % with the bulk oFthe business at 73^% . Time
contracts on good mixed Stock Exchange collateral
were 4 3 4 @ 4 ^ % for sixty and 43^ @ 4 % % for ninety
days, 5 % for four, 534 @ 5 3 ^ % for five, 5 % @ 5 % %
for six and 5 % @ 6 % for seven months. Commercial
paper was of slow sale at 53^% for sixty to ninety
day endorsed bills receivable, 5 3^ @ 6 % for prime
and 6 @ 63 ^ % for good four to six months’ single names.

23

The Bank of England rate of discount remains un­
changed at 4 % . The cable reports discounts of sixty
to ninety-day bank bills in London 3 % % . The open
market rate at Paris is 3 % % and at Berlin and Frank­
fort it is 4 ^ @ 4 % % . According to our special cable
from London, the Bank of England lost £124,111
bullion during the week and held £35,544,221 at the
close of the week. Our correspondent further ad­
vises us that the loss was due to the fact that although
purchases in the open market were of important
volume, the exports largely exceeded imports and
shipments to the interior of Great Britain were quite
free. The details of the movement into and out of
the Bank were as follows: Imports, £682,000 (of
which £250,000 from India, £5,000 from Australia
and £427,000 bought in the open market); exports,
£453,000 (of which £175,000 to Egypt, £200,000 to
Constantinople, £72,000 to South America and £6,000
to Gibraltar), and shipments of £353,000 net to the
interior of Great Britain.
The foreign exchange market declined sharply this
week, after opening quite firm and under conditions
which seemed to indicate the maintenance of high rates
for the remainder of the month. The fall was partly
due to the suspension of the demand for cables for re­
mittance for the end-of-the-year settlements; as such
drafts were the only forms of exchange available for
this purpose, the cessation of the inquiry therefor and
their sale affected the entire list, and the market was
more or less disturbed and weak to the close. The un­
expected withdrawal by the Bank of England of its
offer to establish credits in aid of shipments of gold
hence to London— which shipments had been covered
with cables— seemed to be another cause for the break
in the market. As remitters with cables would have




[V o l .

l x x x iv .

to rely upon gold bills for their supply of these drafts,
the check to exports of the metal through the action of
the Bank of England would make it necessary for such
remitters to buy cables in the market that were created
from other sources than gold exports, and prices
therefor would be so high as to make it desirable for
them to effect their settlements, where it was possible
to do so, with sight drafts. Another factor contribut­
ing to the decline in exchange was the easier tone for
discounts in London and the improved situation in
Europe, which appeared to make it probable that nor­
mal discount conditions would be established after the
turn of the half-year, thus facilitating the negotiation
of finance bills. Some buying in London of American
securities was still another factor, such purchases re­
sulting in an increase in offerings of bankers’ bills.
The fall in exchange carried rates for sight sterling
and cable transfers below the gold-export point. Ca­
bles were no longer offered for cover for shipments to
London, because of the above-noted withdrawal of
advances by the Bank of England, and sight drafts
could not be employed for this purpose, as they were
too low. Gold shipments would therefore have to
be suspended unless the Bank of France should continue
to offer facilities therefor which would permit a further
use of cables. While there were no indications that
the Bank of France had changed its policy in respect
of advances, it was thought likely that no engagements
of gold would be made for Paris unless there should be
a recovery in our exchange rates to figures which would
ensure a profit to exporters. The engagements of
gold this week were effected on Monday for Tuesday’s
steamer and on that day for Wednesday’s. The ex­
porter who last week secured $1,100,000 for London,
engaged $650,000 more, on Saturday and on Monday
an additional amount of $1,000,000 was taken, while
on Tuesday another banker engaged a like sum; this
made an export of $2,650,000 for the week to London
and of $3,750,000 on this movement. The exports to
Paris this week were $3,650,000, making the total
since May 28 to Paris $21,150,000 and to London
and Paris together $24,900,000.
Nominal rates for sterling exchange are 4 843^ for
sixty day and 4 88 for sight. On Saturday of last week
the tone was easier for long and short at a decline for
the former, compared with the previous day, of 5
points to 4 8 4@ 4 8410 and for the latter of 10 points to
4 8725@ 4 8730; cables were 10 points higher at 4 8810
@ 4 8815. On Monday long fell 10 points to 4 8395@
4 84 and cables 5 points to 4 8805@ 4 8810, while short
was unchanged. On Tuesday long declined 15 points
to 4 8380@ 4 8385, short 25 points to 4 8 7 @ 4 8705
and cables 25 points to 4 8780@ 4 8785. On Wednes­
day long fell 10 points to 4 8370@4 8375, short 5 points
to 4 8695@ 4 87 and cables 5 points to 4 8775@ 4 8780.
On Thursday long declined 5 points to 4 8365@ 4 8375,
short 35 points to 4 8660@ 4 8670 and cables 15 points
to 4 8760@ 4 8770. The market was steady on Friday
with a rise in short of 10 points. Closing prices
were 4 8365@ 4 8375 for long, 4 8670@ 4 8675 for short
and 4 8760@4 8770 for cables. Commercial on banks
4 8320@ 4 8330 and documents for payment 4 8 2 % @
4 8 3% . Cotton for payment 4 82% @ 4 8 2 % , cotton
for acceptance 4 8320@ 4 8330 and grain for payment
4 833^ @ 4 8 3% .
The following shows daily posted rates for sterling
exchange by some of the leading drawers:

THE CHRONICLE

J une 29 1907.]

W ed., Thurs., F r i.,
M on.,
Tues.,
F ri.,
June 21 June 24|June 25 June 26 June 27 June 28
Brown
Bros. & C o ________
Baring
& C o _____________
Bank British
North Am erica____
Bank of
Montreal_________
Canadian
Bank of Commerce
Heidelbach, Ickelheimer & C o............
Lazard
Freres ___________
Merchants’ Bank
of Canada________

S60 days 4
TSight_. 4
J60 days 4
lSight_ _ 4
f60 days 14
\Sight__ 4
J60 days 4
lSight__ 4
(60 days 4
\ S igh t.. 4
j60 days 4
IS ig h t .. 4
/60 days 4
\Sight_ _ 4
J60 days 4
I S ig h t.. 4

84>£
88
8434
88
85
883^
84^
88
8434
88
84H
88
S4H
88
84^
88

84^
88
84 H
88
85
8834
84^
88
84H
88
84 H
88
8434
88
84^
88

84 34
88
8434
88
84H
88
84 M
88
84 H
88
8434
88
84J4
88
8434
88

8434
88
84^
88
84 «
88
84
88
8434
88
84 34
88
84 H
88
8434
88

8434
88
84 y2
88
84^
88
84^
88
843^
88
84H
88
84^
88
8434
88

84J-S
8S
S434
88
84^
88
84'A
88
84^
88
8434
88
84 ^
88
8434
88

The following gives the week’s movement of money
to and from the interior by the New York banks.
Week, ending June 28 1907.

Net Interior
Movement.

Received by
Shipped by
N . Y . Banks. N . Y . Banks.

C u rren cy------------- -------------------------G old __________________ _____________

$8,179,000
984,000

$4,100,000 Gain $4,079,000
616,000
1,600,000 Loss

Total gold and legal tenders______

$9,163,000

$5,700,000 Gain $3,463,000

With the Sub-Treasury operations and gold exports,
the result is as follows:
Net Change in
Bank Holdings.

Into
Banks.

Out ot
Banks.

Banks’ interior movem ent as a b o v e ..
Sub.-Treas. operations & gold imports

$9,163,000
28,000 000

$5,700,000 Gain $3,463,000
38,500,000 Loss 10,500,000

Total gold and legal tenders----------

$37,163,000

Week ending June 28 1907.

$44,200,000 Loss

$7,037,000

The following table indicates the amount of bulion
in the prncipal European banks.
June 28 1906.

June 27 1907.
Bank, 0}
£
E n gla n d .. 35,544,221'
France
110,492,867:
Germany a 36,290,000
Russia d_. 116,437,000
Aus.-Hunb 45,700,000
S p a in ------ 15.540.000
Ita ly _____ 32.383.000
5,357,700
N eth’l’ds .
3.224.000
Nat.Belg.a
4.141.000
Sweden ._

Silver.

Gold.

£

I

— J 35, 544,221 37 567,502
39,695 ,821 150 ,188,688117 ,969,690
12,097 ,000 48 387.000 38 239,000
6,582 .000 123 ,019,000 108 ,452,000
12,628 000 58 328.000 46 ,888,000
25.825 ,000i 41 365.000 15 ,148,000
4,911 ,700 37 ,294,700 29 ,001,000;
5,747 ,100 11 104,800 5 ,522,700
1,612 ,000 4 ,836,000 3 ,287,333
___ 1 4 ,141,000 3 ,877,000;

Total.

£
. . . 37 ,567,502
42,720 ,058160 ,690,348
12,746 ,000 50 ,985,000
5,901 ,000 114 ,353,000
12,782 ,000 59 ,670,000
24,790 ,000; 39 ,938,000
3,997 ,000| 32 ,998,000
5,844 ,100 11 ,366,800
1,643 ,667 4 ,931,000
....
3 ,877,000

T ot. week. 405,109,788109,098,621514,208,409 405,952,225 110,424,425516,376,650
T ot. prev. 404,046,049 108,702,298 512,748,347 397.361,599 110,102,411 507,464,010
a The division (between gold and silver) given in our table o f coin and bullion
In the Bank of German y and the Bank of Belgium is made from the best estimate
we are able to obtain; In neither case is it claimed to be accurate, as those banks
make no distinction in their weekly returns, merely reporting the total gold and
silver; but we believe the division we make is a close approxim ation.
b The Austro-Hungarian bank statement Is now issued in K ronen and Heller in­
stead of Gulden and Kreutzer. The reduction of the former currency to sterling
Pounds was b y considering the Gulden to have the value of 50 cents. As the K ron en
has really no greater value than 20 cents, our cable correspondent in L ondon, in
order to reduce Kronen to Pounds, has altered the basis of conversion b y dividin g
the am ount of Kronen by 24 Instead of 20.
d The total of gold in the Bank of Russia Includes the balance held abroad—
that is, the am ount held for Russian account In other Continental banks. The
proportion so held and consequently duplicated in the above statement is about
one-quarter of the total.

TH E REVOLT IN TH E SOUTH OF FR A N CE .
The so-called “ Revolt of the Midi” — a most singular
popular uprising in the South of France— has attracted
attention as being perhaps in some ways typical of the
state of mind of the people in various quarters of the
world. When the uprising was at its climax it was
possible to draw some very doleful conclusions from it.
The outcome of the episode— which seems to have
reached by this time its virtual termination— pro­
vides, we think, more morals than the beginning of
it, and it is from both points of view that we wish to
examine it.
The superficial cause of the movement is plain
enough; the underlying causes somewhat obscure.
The case appears to have been that the wine-growers
in the South of France have been confronted with
steadily falling prices and a wholly discouraging mar­
ket. The reasons for this have been more or less
technical; in part, it has undoubtedly resulted from
the converging of the activities of a whole district on
the production of a single article, from which resulted
something like over-production. But it seems to be
conceded that this is only a partial cause. The sta­




1517

tistics are declared to show that France still consumes
more wine than she produces, and that, in fact, more
French wines are sold in France than can be accounted
for by the production statistics. The inference gen­
erally drawn has been that the process of watering or
adulteration has been reduced to such a science that
demand for the genuine article has been cut down at
the very time when a constant demand existed for
what was supposed to be the real French wines. To
the wine-growers themselves, this situation appealed
as an outrage permitted by a negligent Government,
and it is easy to see how their feelings on the subject
should have been embittered by the fact that the one
product which they had for sale was falling steadily
in price at a time when practically all the necessaries
of life which they had to purchase were rising by leaps
and bounds.
To what extent there had been any preliminary agi­
tation, with a view to induce Government action, is
not made clear in the dispatches. Judging from the
circumstances, it is not hazardous to surmise that peti­
tions had been sent in to the Government at Paris
and had been pigeon-holed. There were doubtless
“ opposing interests.” As the feeling of unrest con­
tinued, the psychological moment was seized by an
agitator of the emotional sort named Marcelin Albert,
himself a Southern wine-grower. This man appears
to have been a person of no great mental calibre, but
of abundant facility in oratory, and his graphic phrases
sounded a note which instantly met response through­
out the South of France. According to the dis­
patches, people came a hundred miles to hear him; his
audiences were large in numbers and immensely en­
thusiastic in their greeting, and his suggestion that a
species of passive resistance to the Government should
be adopted, as the means of impressing their demands
on Paris, was instantly adopted.
The result was a very singular episode in political
history. It is not at all unlikely that these French
peasants borrowed their methods of operation from
what they had heard of the Russian people’s display
of opposition to the bureaucratic Government at St.
Petersburg. They refused to pay taxes; insisted on
their municipal officers surrendering office, and in
some places appear to have erected a sort of provisional
government of their own. So extraordinary and un­
usual a demonstration as this was bound to take the
Paris authorities by surprise, and for some days no
indication could be obtained as to how the Govern­
ment would meet the dilemma. The fact that Clemenceau, himself a radical with supposed socialistic lean­
ings, occupied the place of Premier, added peculiar
interest to the situation.
Naturally, M. Clemenceau’s political antagonists
at once raised the outcry that his teachings had pro­
voked the revolt, and that he could not be relied upon
to suppress it. In the meantime, as was to be sup­
posed, the demonstration in the South reached pro­
portions where a collision between the people and the
troops was inevitable. Clemenceau’s critics mis­
judged the man as completely, however, as they did
during the mining troubles in the North of France a
year ago. It will be recalled that at that time similar
predictions as to his probable unwillingness to inter­
fere were freely indulged in, and were completely falsi­
fied by the resolute manner in which the Premier,
announcing his determination to maintain the public

1518

THE CHRONICLE

order, sent troops to the points of trouble, with in­
structions to put down all rioting at any cost.
In the present case the situation culminated in an
'excited meeting of the Chamber of Debuties on the
mews that bloodshed had actually occurred in the
Southern districts. On Thursday of last week, the
mob attacked the soliders, and, according to the ac­
counts, one hundred men of the military were wounded.
In quick succession to this a battalion of infantry,
sent to put down the riot, deserted at Beziers, de­
fied their officers, and marched under arms to a
public park, announcing their purpose of placing
themselves under orders of the people. With this
situation developing |in the South, Clemenceau con­
fronted his antagonists in the Chamber. At the open­
ing of the session on June 21, chances seemed evenly
balanced as to the survival of the Clemenceau Ministry.
The Premier met the situation boldly; announced that
the revolt would be suppressed, that the mutinous
soldiers would be^forced to surrender’ without c.onditions
and would be punished, and concluded by a blunt
.demand for a vote of confidence whereby the Ministry
.-rsirould be able to complete its plans for pacifying the
•district. Such was the influence of this determined
statement that the Chamber of Deputies, by a vote of
326 to 223, adopted the resolution of confidence, leav­
i n g the resourceful Premier to deal with the question.
He did not disappoint the expectations of his support­
e r s . The mutinous battalion surrendered on demand
:and
promptly packed off by ship for the highly
Undesirable service at Morocco. Marcelin Albert, the
ringleader of the revolt, called personally on Clemen­
ceau, received a vigorous rating, and was told that he
would have to suffer punishment for what he had done,
but that he would be released until he could do his part
in pacifying the South, after which he must serve his
term in prison. This order has been precisely obeyed;
the uprising ended as suddenly as it began, and at the
close of last week the Chamber of Deputies voted unan­
imously the bill prohibiting sugaring, watering or
adulterating of French wines.
Such has been the end of this singular episode. Many
conclusions will be drawn from it, even now that the
situation has cleared up. It seems to us that the general
inference should be distinctly favorable. That a popular
revolt of such proportions should break out, at so un­
suspected a point, is doubtless far from pleasant in
the existing world-wide situation of popular unrest.
On the other hand, the manner in which the demon­
stration collapsed is the surest proof that the way to
meet such outbreaks of disorder is not by cajoling the
rioters, or by compromising with their ringleaders, but
by applying instantly the stern and vigorous arm of pub­
lic law. In France the people at large undoubtedly
feel that the largest personal interest which they have
at stake is maintenance of public order— a fact
evidently well known to Clemenceau; but this is
no more true of France than of any other State under a
humane and civilized government. That the rule
may not apply to Russia will no doubt be conceded,
and, as we have pointed out hitherto, the danger of
the Russian situation lies not in its own immediate
consequences but in the imitation at other places,and
under totally different circumstances,of the methods
employed by the Russian people to bring a corrupt and
unreasonable Government to terms. This danger,
which we have considered a serious possiblity, has, in




[V o l .

l x x x iv .

our judgment, been very, much reduced through the
outcome of the Southern revolt in France.
The lessons taught by that episode can hardly fail
to get a hearing elsewhere. In the main, they are that
the statesman desirous of doing his duty to himself and
his country must at all hazards insist on orderly pur­
suance of the public will, and that a discontented fac­
tion of the people have a recourse in representative government which is sufficient if they use it properly.
As to the teaching of this episode in the matter of the
trend of public sympathy at a juncture of this sort,
the principle established is certainly nothing new. No
one will have forgotten the maudlin commiseration
with the Railway Union rioteis, expre^ed even here
at New York during the Chicago strike of 1894. A
good part of the community seemed to be on the point
of applauding the motives of the rioters and advocating
timid compromise. How instantly the air ^as cleared
by the prompt and resolute actio-a of Mr. Cleveland,
over the head ol the political theorist in the Governors
chair of Illinois,, who could not bring himseE’ to act,
is a matter of history.
E IG H T Y C E N T GAS IN N E W YO R K C l FT
CON FISCATO RY.
The Special Master, Arthur H. Masten, appointed
by Judge La combe in the Circuit Court of the United
States for the Southern District of New York, in the
case of the Consolidated Gas Company of New York
against the City and! State of New York,.to prevent the
enforcement of the Eighty-Cent Gas Law, filed his
report on Monday of this week. It is one of the most
illuming documents of the) kind which has ever -some
to our notice. The Master had been directed by the
Court “ to take the testimony, make all the needed
computations, and find fully the facts.” He has per­
formed the task assigned to him fully and convincingly.
The case was referred to him on July 9 1906, and con­
sequently he has been engaged at it pretty neariy a
year. During this time proofs have been submitted
to him by the several parties and he has listened to
lengthy and extended arguments. The proofs so
taken, it appears from a statement in the present
report, consist of nine volumes of printed testimony,
comprising nearly 7,000 pages in the aggregate, and
five volumes of printed exhibits aggregating nearly
2,800 pages more.
The matter has therefore had very exhaustive
consideration and the public now has the facts on
which to base an intelligent judgment. It also has
the Master’s conclusions which at every point sustain
the contentions of the Gas Company and establish its
claim, namely that the price of eighty cents fixed last
year by statute and also by the order of the New York
State Commission of Gas and Electricity, does not
afford a fair and reasonable return upon the value of
the company’s property invested in the gas business,
and that harsh and unusual penalties are exacted for
violation of the requirements and provisions of the
statutes and order. We think, however, that the facts
are of more importance than the Master’s conclusions.
For the last year or two there has been much declama­
tory talk about the exactions of the Gas Company—
what an inordinate price $1 per thousand cubic feet
(the old price) was and what exorbitant profits the
company was making as a result. It was on the
strength of these allegations that the price of gas was

J u n e 29 1907.]

THE CHRONICLE.

reduced. Until the present report no one was in
position positively either to deny or to substantiate
the correctness of the assertions made. There has
been much heated discussion by the press and in the
Legislature, but the facts themselves were all more or
less in dispute, and upon these, obviously, everything
depended. Of course, those who defended the action
of the Legislature nearly always referred to the inves­
tigation made by Mr. Hughes, our present Governor,
several years ago, when acting as counsel for a legisla­
tive investigating committee, at which time Mr.
Hughes, previously an unknown figure, first came to
public notice. He is known to have favored the legis­
lation and action of last year in cutting the price of
gas 2 0 % , and he joined in tendering a reception to
some of the legislators who had been prominent in
their efforts to secure the enactment of this legislation
and commended them for their course. It would
seem that the public has been leaning on a broken reed
and those who joined in the crusade against the Gas
Company, on the theory that with such a vast army
of consumers, lowering the price would be a popular
move, now appear in an unenviable plight.
It is gratifying to have such a vexed matter sub­
jected to a judicial test and treated in the calm and
dispassionate way which can be counted on nowhere
else outside of a court of law. Mr. Masten’s report
covers over 200 pages and he summarizes completely
and exhaustively the evidence and facts on all the
main points in the controversy. To be sure, this re­
port and its conclusions have not yet been approved
by the Court, but we are very much mistaken if it
does not receive such approval. The proofs presented
are so plain, so incontrovertible, so strongly fortified
by facts and reasoning at every stage, that it will be
simply impossible for the Court to reach any other
conclusions than those submitted by the Master for
its endorsement. Every item in the company’s valu­
ation of its property is carefully gone over and com­
pared with the State’s valuation and the city’s valua­
tion and the reasons given for accepting the one or the
other, or for reaching an independent estimate. Simi­
larly , all the different items of the expense accounts are
examined and analyzed and subjected to close scrutiny.
In brief, then, this report rests on impregnable
ground. The city’s valuation of the company’s prop­
erty had been $30,949,327, the State’s valuation
$31,039,125, while the Company contended that its
assets actively employed in business had a value of
$96,086,959, this including $24,000,000 for the fran­
chises and $7,500,000 for the good will, neither of
which the city or State considered at all. This will
give an idea of the wide disparity between the esti­
mates on which legislation was based and those claimed
by the company, the latter being three times those of
the former. Mr. Masten, as the result of his extended
analysis, gives $83,357,000 as the value of the property
on which the Company is entitled to a return. This
is over $52,000,000 in excess of the amount arrived at
by either city or State, and furnishes a striking com­
mentary upon the reckless way in which our politicians
and legislators have been proceeding.
The company’s net earnings for 1905, the Master
finds, have been $4,983,928. With the price reduced
to eighty cents there would be a loss of twenty
cents per thousand cubic feet on 13,283.000,000 feet
of sales, the amount of gas used in 1905, and tha




I5L9

total of the net earnings would be reduced from
$4,983,928 to only $2,327,328. This amount, the'
Master finds, would yield on the company’s entire
assets of $83,357,000 a return of only 2 .8 % , whileeven on its assets, exclusive of franchises and good will,,
the return would be no more than 3 .6 % , neither of
which, the Master adds in his calm, judicial way,,
would, in his judgment, constitute a fair or reasonablereturn on the value of the property. He says that,,
assuming, on the basis of decisions which he quotes,,
that the company is entitled to receive at least the legal
rate of interest as a return upon its investment, the
reduced net earnings would yield 6 % upon its assets
to the extent only of $38,788,805, leaving assets amount­
ing to $24,569,000 (entirely exclusive of franchises and
good will) on which it would receive no return whatever.
The Master on May 18, after he had completed the
original draft of his report, caused copies to be served
on all the parties in interest and asked for objections
or amendments or additions thereto. In response,
numerous suggestions came from both sides, and these
are incorporated as part of the report, the Master
stating with reference to each of the suggestions or
objections whether they have been allowed by him or
overruled. One of the additions suggested on behalf
of the company, and which has been allowed, brings
out in a noteworthy way the confiscatory character
of the penalties which the law would seek to enforce
for failure to comply with its provisions. As the com­
pany has about 390,000 customers in the city of New
York to whom bills are sent monthly, and as a penalty
of $1,000 is imposed for each charge for gas in excess of
eighty cents, the penalties accruing against the com­
pany, if it charged more than eighty cents, would
amount in the aggregate to about $390,000,000 per
month, and to $4,680,000,000 per year, being fifty
times as much as the value of the entire assets em­
ployed by the company in the gas business. Further­
more, the law provides as an additional penalty that
where a price in excess of the statutory rate is demand­
ed, that fact shall constitute a complete defense to an
action for a recovery for the amount of gas delivered.
Lastly, the law also provides a penalty of $1,000 for
each offense on a violation of the provision that the
pressure of illuminating gas in any service main in the
City of New York at any distance from the place of
manufacture shall not be less than one inch nor more
than two and a half inches, a provision, the Master
finds, it will be impossible to comply with. This
penalty would aggregate $5,000 per day upon evidence
recorded at each of the five city testing stations of
only a single violation per diem of said laws, or at
the rate of $1,800,000 per year under the company’s
distributing system, as now existing and in operation,
which amounts are liable to be increased by additional
or more frequent tests.
Obviously, when we reach this point, the whole
thing becomes farcical, and it is plain as day that this
law cannot stand. But what a light it throws upon
the conduct of our wise men at Albany, some of whom,
fearful of the approaching storm of retribution and
wrath, would now be known as “ conservatives.”
Such legislation would be inexcusable on the part of
the newer communities in the remoter sections of the
country. That it should have found its way to the
statute book in the enlightened State of New York,,
with its large population, is a lasting disgrace.

1520

THE CHRONICLE.

IN VESTO RS FA V O R E D B Y M U N IC IP A L
LE G ISLA T IO N .
Municipal legislation was enacted in Philadelphia
last week which beneficially affects stocks and bonds
of public utility companies having a par value of
$166,741,987. This action on the part of City Coun­
cils of Philadelphia is so unusual, considering the
tendency of legislative bodies generally, municipal,
State and national, to oppress corporations, that in­
vestors will be apt to take renewed interest in the
securities affected. By the decision to continue the
lease of the gas works of Philadelphia for a period of
twenty years from January 1 1908, the United Gas
Improvement Company is given an absolute monopoly
of the business of supplying the third city of the Union
with gas for a fifth of a century, a city having a popu­
lation at present of nearly 1,500,000. It is estimated
that the consumption of gas will increase from year
to year at the rate of 3 % , and on this basis the United
Gas Improvement Company will receive during the
next twenty years net receipts of $160,104,812. Last
year consumption increased at the rate of 6 .3 % and
the consumption of gas this year in Philadelphia will
be 50% in excess of the estimate which was made by
President Dolan of the gas company ten years ago.
Net receipts of $160,000,000 may therefore be taken
as a minimum, as the probability is that they will
much exceed that sum. The continuation of this
lease, while it affords many advantages to the city of
Philadelphia, may be regarded as a matter of satis­
faction to the investors in the shares of the gas com­
pany which is the lessee, although there is no prospect
of an increase in the dividend rate above 8 % in the
near future.
The second action which is favorable to all investors
holding stocks and bonds of the street railway system
of Philadelphia is the passage of an ordinance which
is designed to strengthen the financial standing of the
Philadelphia Rapid Transit Company and all of its
underlying companies. The following table shows the
list of stocks and bonds favorably affected by the
Philadelphia legislation:
S tocks.
P h lla . R a p id T r a n sit ($35 p a id in , p a r 5 5 0 )____ $ 2 1 ,0 0 0 ,0 0 0
M a rk et S treet E le v a t e d ___________________________
__________
O th er n e w c o m p a n ie s _____________________________
__________
U n ion T r a c tio n ($17 50 p a id In, p a r $ 5 0 )______
1 0 ,5 0 0 ,0 0 0
E le c t r ic T r a c t io n ___________________________________
2 ,8 3 8 ,5 7 6
H e s to n v ille s y s t e m ________________________________
1 ,1 3 2 ,2 8 1
P e o p le ’ s s y s te m ____________________________________
6 ,5 3 1 ,8 3 0
2 0 ,0 0 0 ,0 0 0
P h ila d e lp h ia T r a c t io n _____________________________
S u b sid ia ry c o m p a n i e s .. ___________________________
3 ,6 1 9 ,2 3 6
E le c tr ic a n d P e o p le ’ s 4 s ___________________________
__________

B o n d s.
___________
$ 1 0 ,0 0 0 ,0 0 0
1 ,5 0 0 ,0 0 0
1 ,4 6 0 ,0 0 0
282 ,1 0 0
1 ,2 5 0 ,0 0 0
7 5 0 ,0 0 0
__________
4 ,0 4 1 ,0 0 0
2 9 ,7 3 0 ,1 1 4

T o ta l r a ilw a y s .............................. ................................. $ 6 5 ,6 2 1 ,9 2 3
$ 4 9 ,0 3 3 ,2 1 4
U n ite d G as I m p r o v e m e n t ________________________
4 5 ,8 8 4 ,8 5 0
__________
E q u ita b le Illu m in a tin g C o _______________________
__________
6 ,2 0 2 ,0 0 0
T o t a l . . . ........................................................................... $ 1 1 1 ,5 0 6 ,7 7 3

$ 5 5 ,2 3 5 ,2 1 4

Thus the total par value of the stocks and bonds
benefited is $166,741,987. The leases of some of the
underlying companies holding franchises in the central
part of the city call for dividends which range from
30 to 87K % on the amount paid in on the shares,
which in one case is as low as $16 per share. The
new ordinance guarantees for fifty years at least, and
probably for all time, that the leases and franchises
of the underlying companies will not be disturbed.
Shares of the L'nion Traction Company are most bene­
fited by the ordinance. The par value of this stock
is $50, but there has only been paid in $17 50 per
share. The guaranteed dividend is $2 50 per share,
and after July 1 1909 the annual dividend will be $3
per share. This stock has been depressed during the
agitation, but the effect of the new ordinance is to



[V o l .

l x x x iy .

place Union Traction shares among the list of desirable
investment securities.
By the agreement the Philadelphia Rapid Transit
Company undertakes to issue a call within thirty days
after the final passage of the ordinance for its unpaid
capital, the final instalment to be paid not later than
December 31 1908. There is $15 per share uncalled,
the payment of which will provide the company with
$9,000,000 fresh capital to be used in prosecuting
construction work. The ordinance so improves the
company’s financial standing that there will be no
further difficulty about disposing of additional bonds
which may be issued to finance the completion of the
subway work now in hand.
TH E N E W H A V E N R O AD A N D ITS P O L IC Y OF
E X P A N S IO N .
The attempt of the New York New Haven & Hart­
ford Railroad Co. to absorb the Boston & Maine Rail­
road would appear to have been definitely defeated,
at least for the time being. The Massachusetts Legis­
lature has this week passed a drastic Act (by an abso­
lutely unanimous vote in the House and with but one
vote recorded against it in the Senate) which ren­
ders out of the question any merger of the two prop­
erties before July 1 1908. The Board of Railroad
Commissioners may, on application, after public notice
and hearing, determine whether it is consistent with
the public interests to let any two railroads consoli­
date, but it can only report its findings to the Legis­
lature for such further action as the legislative body
may deem proper.
This action of the Massachusetts Legislature, we
think, is to be regretted. If ever there were two rail­
road properties that might be consolidated to the ad­
vantage of both, and likewise to the advantage of the
communities served, they are these very two roads,
the New Haven and the Boston & Maine. They are
not competing lines at all. Each supplements what
the other lacks. Examination of the map will show
that the two systems dovetail into each other in such
a way that union of the two would be both natural and
legitimate. The one system is practically an extension
of the lines of the other, and together they form num­
erous through routes into the New England States and
beyond. When such a situation exists, it needs no
argument to prove that numerous economies in opera­
tion could be effected if both were under a single man­
agement, nor that under such a management it would
be easy to provide improvements in service and in­
creases in facilities that are impossible so long as the
two remain separate. Of course, with the two united,
there would be presented the proposition of a single
company controlling practically all the steam railroad
mileage in the whole of the New England States. But
that is a circumstance that should not count for a mo­
ment against the obvious advantages that would spring
from having such a unified and solidified system, and
the fact that from a natural and geographical stand­
point every interest of the public and of the stock­
holders of the roads could be best served in precisely
that way.
We confess, however, that we are not surprised at
the action taken. In this we do not refer altogether
to the fact that anti-corporation legislation is the pre­
vailing tendency. The old Commonwealth has been
in large measure free from the excitement^and hysteria

J u n e 29 1907.]

THE CHRONICLE.

that often characterizes newer communities. But
President Mellen’s policy has been such as to invite
opposition. He has been at the head of this great
railroad undertaking only since 1903. If it has been
his purpose that his name should be indissolubly linked
with that of the New Haven property, he has certainly
succeeded in the effort. Had the proposition that the
New Haven road should take over the Boston & Maine
come at the beginning of his administration— to signal­
ize, as it were, his advent to control— we have no doubt
it would have been regarded with general favor, so
natural and inevitable does such a union seem. But,
unfortunately, the present is simply the last of a long
series of moves all aiming at absorption and transfor­
mation, so that public sentiment, even in the conserva­
tive communities of New England, has become more
or less alarmed.
In the radical departure in the New Haven’s policy
which he has inaugurated, Mr. Mellen’s relations to his
company have been very like those of the late President
Cassatt of the Pennsylvania Railroad. He has pro­
ceeded with the same disregard of old ideas as Mr.
Cassatt and he has proceeded with equal zeal; but it
would be going too far to say that he has proceeded
with equal discretion and judgment. Mr. Mellen is
not a man who will brook opposition to his schemes,
and yet on the whole he has been conciliatory towards
the public. Tactful he can never be. That is en­
tirely foreign to his nature. He has sought to appease
hostile critics and he has been frank in his explanations,
though these have often been a little tardy.
A study of the successive steps in his administration
suggests that Mr. Mellen has ever been seeing danger
for New Haven interests in one direction or another—
often fancied dangers, rather than real— and has acted
to avert, as he thought, such dangers. When once
possessed with such an idea, no expenditure of money
has been deemed too great for the purpose of baffling
the supposed foe. Moreover, with the New Haven’s
resources and unlimited credit at his command— for
in being given unchecked control over New Haven
affairs he has come into the possession of a heritage
such as has fallen to the lot of few men in modern
times— the task was always easy of accomplishment.
His first great act was the purchase of control of New
York Ontario & Western. No one has ever been able
to see what use or service this property could be to
the New Haven Company. It was a good enough
little road, built up in a painstaking way by President
Fowler, and not an unprofitable venture in its way;
but why the New Haven should go so far out of its
field has puzzled everybody. Some suggested that it
gave the New Haven an entry into the anthracite
fields and would pave the way for sending coal into
New England by way of the Poughkeepsie Bridge in­
stead of by water. The fact that the New Haven has
since been acquiring various pieces of road in the
vicinity of the Poughkeepsie Bridge gives color to the
idea that possibly some such notion was in mind when
the purchase was made. But the scheme is chimerical.
It is the same scheme that brought President McLeod
of the Reading Railroad to grief. Water transporta­
tion is so much cheaper than rail transportation that
the bulk of the coal shipments to New England must
always go by water.
Another suggestion with reference to this purchase
was that the Ontario road could be used as a



1521

club against the trunk lines and particularly against
the New York Central. There was an air of plausi­
bility in this, and the trunk-line officials certainly were
profoundly disturbed. The purchase cost some $15,000,000, and the Central has now been given an option
to acquire the property if it sees fit, after having, as
supposed, made the concessions requested, and given
the required promise of good behavior. The truth
probably is, Mr. Mellen was fearful of encroachments
into his territory on the part of either the trunk lines
or the anthracite lines, or both, and accordingly pro­
ceeded in his quick, unhesitating manner to buy the
Ontario & Western to protect the New Haven.
Mr. Mellen next saw danger in the development of
the trolley lines of the New England States. He
acted with equal determination to save the New Haven
from supposed harm in that direction. His operations
in the acquisition of these trolley properties have been
dazzling in the extreme. In recent periods hardly a
day has elapsed that has not brought news of the ac­
quisition of another line,either large or small. In an
editorial article in the number of our “ Street Railway”
Section or Supplement which accompanies to-day’s
issue of the “ Chronicle,” we show how extensive have
been the New Haven’s purchases and leases of trolley
lines. Its operations have extended over the three
States in which its lines lie, namely Massachusetts,
Rhode Island and Connecticut. Separate organiza­
tions control the trolleys acquired in each. Alto­
gether the New Haven now controls by lease or pur­
chase roughly 1,500 miles of trolley track— the route
mileage cannot be stated, as it is customary with
street railways to report length of track rather than
length of road. If previously Mr. Mellen excited the
hostility of the trunk lines and the anthracite coal
roads by his sudden move in taking over the Ontario
& Western R y., he now aroused hostility and antag­
onism on the part of the public. Rightly or wrongly,
the communities served did not take kindly to the
idea that the New Haven, controlling already prac­
tically all the steam railroads in the territory south of
Boston, should at the same time be meditating con­
trol of the electric lines.
In Massachusetts the feeling found open expression
in the Legislature. Mr. Mellen knows the force of
public opinion and was inclined to make concessions
to it so far as this could be done without altering his
plans or changing his course. As public sentiment
in Massachusetts was so strongly hostile to the holding
of trolley control by steam railways, a voluntary asso­
ciation was organized in June last year to take over
the street railway lines in Massachusetts which the
New Haven had acquired. The name given to this
association was the New England Investment &
Security Co. It now holds control of a number of
important Massachusetts trolleys, among others the
Springfield Street R y., the Worcester Consolidated
Street R y., &c. As, however, the New Haven still
dominates their affairs, and the board of trustees, with
Mr. Mellen at the head, seems to be constituted in its
interests, the change resembles one in form rather
than in fact. At all events, opposition to the New
Haven on its trolley policy has not relaxed.
Whether or not it is advisable for steam roads to
enter the trolley field is a broad question, and it be­
hooves every man to be cautious about venturing a
too confident expression of opinion on the subject.

] 522

THE CHRONICLE

There are those who assert that the trolley lines can
never become real competitors of the steam roads.
Should they ever become formidable, the New Haven
was manifestly in position to be damaged more seri­
ously than most other steam railroads, by reason of
the magnitude of its passenger business. It is plain
that the New Haven could not allow a situation to be
created such as existed in the case of the West Shore
or the Nickel Plate. If, therefore, Mr. Mellen had
limited his activities in the trolley field to the acquisi­
tion of the few lines that threatened or seemed likely
to become rivals for some of the passenger business,
the arguments in support of his policy would have
possessed considerable plausibility. Even then, how­
ever, many persons would have remained uncon­
vinced. These scout the idea that a magnificent
property like the New Haven, with its superb facili­
ties devoted almost entirely to the passenger business
and further strengthened through the series of im­
provements which Mr. Mellen is carrying on, can ever
suffer serious harm from trolley competitors, no
matter how well managed these may be and though
they should be backed by abundant capital, which
has been generally lacking thus far. At all events,
Mr. Mellen has not confined his operations to the
taking over of two or three prospective competitors.
He has gone much farther. He has bought for the
New Haven practically all the trolley lines in Con­
necticut and Rhode Island and a large part of the
trolley mileage in Massachusetts— nearly everything
outside of that held by the Massachusetts Electric Com­
panies.
Public opposition to Mr. Mellen’s trolley acquisi­
tions did not rest alone on the fact that it would tend
to remove competition between the electric roads and
the steam roads. Many of the trolley lines furnish
electricity for light and power, and where that is not
already the case, the chances are that it will become
so eventually, since experience has demonstrated that
the best and most economical results can be obtained
where the lighting and power features are combined
with the carrying business. There was thus presented
the possibility of a monopoly that would embrace all
the steam railroad facilities and the trolley lines and
also the lighting and power facilities. It should be
noted, too, that some of the trolley companies ac­
quired likewise possess gas plants.
But Mr. Mellen has also gone extensively into the
business of purchasing steamship lines. We may sup­
pose that the reason was the same as in the other cases,
namely the desire to protect the New Haven’s inter­
ests. The company’s Sound traffic has always been
extensive; in fact, through its various steamship lines
it gets practically all the Sound traffic, very little go­
ing to any one else. But Charles W . Morse was becom­
ing very active in the steamship business, and Mr.
Mellen thought it incumbent that he should be pre­
pared to deal with such a situation. His method was
similar to that in his first move, when he acquired pos­
session of the Ontario & Western. He extended his
field of operations to the territory of the possible rival,
in order to guard his own territory. He bought con­
trol of the Boston & Philadelphia Steamship Co., got
a foothold in the Merchants’ & Miners’ Transportation
of Baltimore, and then combined them with the water
lines already controlled by the New Haven, namely
the Old Colony Steamboat Co. and the New England



[V o l .

l x x x iv

.

Navigation Co. The consolidation was effected under
the name of the last-named company, the capital of
which was increased to $20,000,000 for the purpose.
The lines taken over have been profitable properties,
but obviously that in itself furnishes no valid or suf­
ficient reason for buying them.
The next step in the process was to have the Consoli­
dated Railway Co., which held the trolley lines, in­
crease its capital stock from $10,000,000 to $30,000,000
and exchange the added stock, share for share, for the
$20,000,000 Navigation stock, forming a curious mix­
ture of trolley properties and steamship lines. The
last step has just been taken, and consists in exchang­
ing the $30,000,000 Consolidated Railway stock for
a similar amount of New Haven stock, this latter
being then placed in the New Haven treasury avail­
able for future uses, it having been authorized to
be listed on ’ the New York Stock Exchange on the
5th of the present month. The company has given
notice that it will use this stock to acquire from time
to time, as opportunity offers, Boston & Maine stock
in exchange, share for share.
It will thus be seen that the situation with which
the Massachusetts Legislature and the Massachusetts
public has had to deal has been a peculiar one. It has
not been merely a proposition for the union of the Bos­
ton & Maine and the New Haven as simple steam rail­
road systems. The policy pursued with reference to
the New Haven, in the acquisition of trolley and
light properties, would presumably be extended to
the Boston & Maine after the latter became part of
the New Haven system— that is, trolley and light prop­
erties would be acquired in Maine, New Hampshire
and Vermont just as they had been previously acquired
in Massachusetts, Connecticut and Rhode Island.
That done, one company would dominate practically
everything in the whole of the New England States—
steam roads, trolley roads, water lines and light and
power properties. Under these circumstances, is it
at all strange that the 'Massachusetts Legislature is
shrinking from the possibility of such a result, and is
doing what can be done to thwart the effort?
Latterly, security holders have also been getting
restive. Very naturally the capital outlays for all
these various purposes have been enormous. Further­
more, other large sums of money will be needed t©
carry present plans to completion— for instance, to
connect up the various disjointed pieces of trolley lines
scattered over three States. The New Haven is a
splendid property and occupies a position of great finan­
cial strength, with a large and assured income, to which
the trolley and water lines cannot fail to contribute
in an important degree. Hence, the point has not yet
been reached where well-grounded fears exist of a
serious impairment of the value of the stock. Never­
theless, it must be admitted that under the new policy
questions come up with reference to the future th a t
could not have arisen under a different policy. The
balance sheet of the New Haven Co. for June 30 1903
(which was shortly before Mr. Mellen was called to the
presidency) showed outstanding stock of $70,897,300.
With the $20,000,000 additional stock just author­
ized to be listed as exchanged for Boston & M a in e
stock, the total of the stock will be $121,878,100. This will give an increase in four years of over
$50,000,000. At June 30 1903 there were only three
issues of convertible or non-convertible debentures,

June

29 1907.]

THE CHRONICLE

for an aggregate of $10,185,300. On the other hand,
the balance sheet for April 30 1907, filed with the New
York Stock Exchange, shows fourteen different issues
of debentures or debenture certificates, the whole
aggregating no less than $104,995,425. Furthermore,
there is the 4 % 15-year French loan, negotiated a few
months ago, which amounts to $27,985,000. Lastly,
a number of subordinate companies have also been
increasing their indebtedness; the $10,958,000 Harlem
River & Port Chester Branch 4 per cents, the $4,000,000 Providence Terminal 4s and the $3,777,000 Boston
& New York Air Line 4s all represent largely new capi­
tal. If, now, the check that Mr. Mellen has received
at the hands of the Massachusetts Legislature shall
induce him to call a halt in his policy of aggrandize­
ment, everybody will be happier all around.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
— No bank stocks were offered for sale at auction this
week and none were sold at the Stock Exchange. No pu blic
sales of trust com pany stocks were made. Bid and asked
quotations will be found to-day on pages 1536 and 1537.
— The Hill bill, amending the New Y ork State tax law
relative to the investm ent in State bonds b y savings banks,
trust companies and insurance companies, was signed on the
25th inst. by Governor Hughes. It is through this bill
(published in these columns May 25) that it is sought to find
a market for the Canal bonds of the State. Under its pro­
visions a credit of 1% is allowed to be applied on or in lieu
of certain taxes of such institutions holding any bonds of
the State bearing interest at not exceeding 3 % . The meas­
ure was passed b y the Senate on May 15 and b y the Assem bly
on May 28.
— Under a bill (Senate No. 337) passed by both the Massa­
chusetts House and Senate, and signed by Governor Guild
on the 19th inst., foreign banking corporations transacting
a savings bank business in that State are required to main­
tain a separate savings department which shall be operated
in accordance with the statutes of the Commonwealth g ov ­
erning savings banks. National banks are exem pted from
the provisions of the bill, which is as follows:
A N A C T R E L A T IV E T O F O R E IG N B A N K IN G C O R P O R A T IO N S .
B e It e n a c te d b y th e S e n a te an d H o u s e o f R e p re s e n ta tiv e s In G eneral
C o u r t a ss e m b le d , an d b y th e a u th o r ity o f th e sam e, as fo llo w s :
S e c tio n 1.
E v e r y fo re ig n b a n k in g a s s o cia tio n o r c o r p o r a tio n w h ich w as
o n Ju n e 10 1906 tr a n s a c tin g bu sin ess in th is C o m m o n w e a lth , a n d w h ich
r e ce iv e s a n y d e p o sits o r tra n sa cts a n y busin ess in th e m a n n er o f a sav in gs
b a n k o r in su ch a m a n n e r as m ig h t le a d th e p u b lic t o b e lie v e th a t its business
Is th a t o f a sa v in g s b a n k , shall h a v e a sa v in gs d e p a rtm e n t in w h ich all b u s i­
ness tr a n sa c te d in su ch m a n n e r in th is C o m m o n w e a lth shall be d o n e .
A ll
m o n e y r e c e iv e d In said m a n n e r shall be a sp ecial d e p o s it an d shall be p la c e d
In said sa vin gs d e p a rtm e n t, an d all lo a n s o r in v e s tm e n ts th e r e o f shall be
m a d e in a c c o r d a n c e w ith th e sta tu te s g o v e r n in g th e In ve stm e n t o f d e p o s its
In savin gs ban k s.
S ection 2.
S u ch fu n d s an d th e in v e s tm e n ts o r loa n s th e r e o f shall be
a p p ro p r ia te d so le ly to th e s e c u r ity an d p a y m e n t o f such d e p o s its , an d shall
n o t be m in g led w ith th<* in v e stm e n ts o f th e ca p ita l s to c k o r o th e r m o n e y
o r p r o p e r t y b e lo n g in g t o s u ch a sso cia tio n o r c o r p o r a t io n , o r be lia b le fo r th e
d e b t s o r ob lig a tio n s t h e r e o f.
T h e a c c o u n ts an d tra n s a ctio n s o f said sa v in g s
d e p a rtm e n t shall be k e p t se p a ra te a n d d is tin c t fro m th e gen eral business o f
t h e a s so cia tio n o r c o r p o r a tio n .
S e c tio n 3.
A ll In com e re c e iv e d fro m th e In v estm en t o f fu n d s in said
s a v in g s d e p a rtm e n t o v e r an d a b o v e su ch sum s as m a y be p a id t o d e p o s ito rs
in th a t d e p a rtm e n t as in terest o r d iv id e n d s shall a ccru e as p ro fits t o th e
a ss o cia tio n o r c o r p o r a tio n and m a y be tran sferred t o its gen eral fu n d s.
S e c tio n 4.
N o th in g in this A c t shall be co n s tru e d t o a p p ly t o a n y d e p o s it
r e c e iv e d b y a n y such a sso cia tio n o r c o r p o r a t io n in e x c h a n g e fo r w h ich d e ­
p o s it , o r In ex c h a n g e fo r th e o b lig a tio n o f a d e p o s ito r secu red b y su ch d e ­
p o s it , th ere shall b e Issued, eith er a t th e tim e o f re c e iv in g th e d e p o s it , o r
t h e r e a fte r , ord ers fo r m e rch a n d ise fo r th e full a m o u n t o r a n y p a rt th e r e o f.
S e c tio n 5.
N o su ch a s s o c ia tio n o r c o r p o r a t io n shall have m ore th a n tw o
o ffic e s o r p la ces o f business In th e C o m m o n w e a lth .
((►Section 6.
T h is A c t shall ta k e e ffe c t on th e first d a y o f J a n u a r y 1908,
b u t n o th in g herein co n ta in e d shall b e c o n s tru e d as a p p ly in g t o n a tio n a l
b a n k s in c o rp o ra te d u n d e r th e law s o f th e U n ite d S tates.

— Provision for the better safeguarding of State financial
institutions in Illinois is made in the Austin Bill, which was
signed the current m onth by Governor Charles S. Deneen.
Before the amendments can becom e a law, however, they
will have to be passed upon by the people at the next general
election, in November 1908, as, under the Constitution,
changes in the banking law can be made only upon referen­
dum vote. The measure, we learn from the “ Commercial
W est,” provides that every director must ow n, in his own
right, at least ten shares of stock of his institution (this pro­
vision is said to be contained in the present act, but never
having been approved formally by the people has been con­
sidered inoperative); it prohibits any bank loaning to its
President, its Vice-President, salaried officers or em ­
ployees, or firms or corporations controlled b y them, until
the application for such loans shall have been first approved




1523

both as to security and am ount b y the directors; requires
that if there is a proposed surplus, it must be paid in as well
as the capital and verified b y the examiner before the bank
is opened; stipulates that the Auditor m ay withhold the
issuing of a charter when he is not satisfied as to the character
of the officers or directors, or when he has reason to believe
that the bank is organized for any , purpose other than
that contem plated b y the banking A ct; it provides also that
the total liabilities to any association of any person, cor­
poration or firm shall not exceed 15% of capital and
surplus, and further that the total am ount shall at no
time exceed 3 0 % of the capital.
—A n amendment to the Kansas Banking law, adopted at
the recent session of the Legislature, w ill, it i§ believed, bar
the express companies from carrying on a m oney-order busi­
ness in that State. This, according to the “ Commercial
W est,” is the opinion of A ttorney John C. Nicholson of New­
ton, Kansas,the author of the am endment, which is as fol­
lows:
A n y In d iv id u a l, firm o r c o r p o r a t io n w h o s h a ll r e c e iv e m o n e y o n d e p o s it ,
w h e th e r on ce r tific a te o r s u b je c t t o c h e c k ,
* * * o r sh all r e c e iv e
m o n e y fo r w h ic h it Issues its c h e c k , d r a ft , b ill o f e x c h a n g e o r o th e r e v id e n c e
o f in d e b te d n e s s fo r w h ic h it ch a rg e s a fe e ,
*
* * sh all b e con sid e r e d
as d o in g a b a n k in g business a n d sh all b e a m e n a b le t o all th e p r o v is io n s o f
th is A c t .

— The managers of the various branch banks at Regina,
Saskatchewan (Canada), have resolved, subject to the ap
proval of the head offices, to form a local clearing house.
— About three hundred members were in attendance at
the convention this week of the New Y ork State Bankers’
Association, held at the Hotel Frontenac, Thousand Islands.
The meeting opened on Thursday, E lliott C. M cDougal,
President of the Bank of Buffalo, presiding. In his annual
address Mr. McDougal advocated that whatever reserve m ay
be required by law, that reserve shall be in cash, in each
bank’s own vaults, and that the present system of re­
serve depositaries, both State and national, be abolished
as most unsound and dangerous. “ National bank n otes,”
he continued, “ should not be counted as reserve, either by
national banks, State banks or trust companies. National
bank notes are not m oney, bu t promises to pay m oney, in no
essential differing from liabilities on certificates of deposit,
on cashiers’ checks or on open accounts payable on dem and.”
A t the second da y’s session, yesterday, John R . Van
W orm er, Secretary of the Lincoln Safe D eposit C o., New
Y ork, was a speaker, as was also Charles N. Fowler, Chair­
man of the Committee on Banking and Currency, House of
Representatives. Charles Eliot W arren, Cashier of the Lin­
coln National Bank of New Y ork, is the newly-elected Presi­
dent of the association.
— The new branch office of the Mutual Alliance Trust Com ­
pany of this city, at Lenox Avenue and 116th St., will be
opened to-day.
— An extra dividend of 1 % in addition to the regular
quarterly distribution of 2 % % has been declared b y the
Oriental Bank of this city, payable July 1, being the 109th
consecutive disbursement b y this institution. W ith the
dividends paid in January and April, 12% will have been
paid so far this year. Previous to 1907 payments were 5 %
each January and July.
— Oliver M. Dennett, who with William O. Douglas, the
defaulting assistant loan clerk of the Trust Company of
America of this city, was recently indicted on charges in
connection with the theft of bonds from the com pany, was
sentenced on W ednesday to not less than four years nor more
than six on one indictm ent, and n ot less than one nor more
than four years on another. Douglas, who aided in the
recovery of the bonds, received a lighter •term, being sen­
tenced to three j^ears’ imprisonment.
— A tem porary injunction restraining the stockholders of
the Mercantile and Equitable trust companies of this city
from ratifying the merger of the two institutions, at a m eet
ing called for July 2, was issued b y Justice McCall of the
Supreme Court on the 25th inst. on the application of Bainbridge Colby, of the law firm of Alexander & Colby. A
hearing on the question of making permanent the injunction
was had on Thursday in Special Term , Part I. of the Supreme
Court by Justice Blanchard, who reserved decision.
— The Prospect Park Bank of Brooklyn declared its first
dividend this week, viz., 3 % , payable July 1. The institu­
tion began business in O ctober 1904 with $100,000 capital

1524

THE CHRONICLE

and $25,000 surplus, the latter at the present time amounting
to $51,000.
— The Riverside Trust Com pany of H artford, Conn., the
charter for which was originally secured in 1903, plans to
begin business next m onth at 68 Pearl Street. The com pany
is to have a capital of $150,000 and a surplus of $75,000;
it is authorized under its charter to engage in a general
banking and trust business. Albert P. D ay has been chosen
President and R obert C. Glazier has been elected Secretary
and Treasurer.
— The directors of the Bristol National Bank of Bristol,
Conn., have prom oted Vice-President Charles T. Treadway
to the presidency to succeed the late Edward B. Dunbar.
W . A . Ingraham becomes Vice-President. Prior to his death
several years ago, Mr. Treadw ay’s father was at the head
of the institution. Mr. Treadway is only 29 years old.
— John Perrin, President of the American National Bank
of Indianapolis, In d ., was the principal speaker at the third
annual meeting of the Massachusetts Bankers’ Association,
held at the H otel Somerset, Boston, on the 20th inst. The
top ic of his discourse was “ The Currency.” The associa­
tion ’s new officers are: President, Francis A . Shove, Treas­
urer of the Malden (Mass.) Savings Bank; Vice-President,
Joseph W . Stevens, President of the First National Bank
o f Greenfield; Treasurer, Edward H. Lowell, Treasurer of the
Chelsea Trust Co.
— A consolidation of the First National and Second Na­
tional banks of Nashua, N. H ., having a capital of $100,000
each, is planned. The step has been approved b y the
directors of the respective institutions, and will be subm itted
for the stockholders’ ratification at an early date. The
business of the tw o banks will be continued under the name
o f the Second National, which will increase its capital to
$150,000. F. W . Estabrook will remain as President.
— The new building of the Union National Bank of Phila­
delphia, at Arch and Third streets, was opened for inspection
on Thursday afternoon. The bank, which has been tem po­
rarily housed at 22-24 South Third Street, w ill begin business
in its new home on M onday. The structure is of classic de­
sign, with facade of Indian limestone; the banking room ,
com m odious and modern in every particular, is finished in
marble and mahogany.
— E. V. Kane, of E . V. Kane & Gompany, Philadelphia,
has returned from a trip through the Carolinas and Georgia,
during which he was greatly impresssd with the evidences
o f prosperity which he witnessed. “ While it w ould be
natural,” he said, “ after so long and so prosperous a period
o f good times that there should be some slackness of busi­
ness, the South up to the present m om ent gives no evidence
o f reaction; on the contrary, it is practically at the top speed
of developm ent. In every city and tow n new m anufactories
are rising. It is significant that cotton mills are fast be­
com ing general in the land of the raw product. Northern
capital has awakened to the fact that the best opportunities
for large investm ent returns are to be found south of M ason’s
and D ixon ’s line. The public utilities of the largest cities
o f the South are now owned by Northern investors, who are
also rapidly acquiring those of the smaller tow n s.”
— A distribution of 8 % is being made to the stockholders
o f the Chestnut Street National Bank of Philadelphia, P a.,
making in all 8 9 % thus far returned upon the 100% assess­
m ent paid b y them.
— George A . von Lingen, who was chosen President of the
Commercial & Farmers’ National Bank of Baltimore last
Decem ber (succeeding W . A . Mason) bu t who resigned about
six months later, owing to ill-health, died on the 26th inst. at
the age of sixty-nine years. A t the time of his death he
was head of the firm of A. Schumacher & Co.,the'B altim ore
agents of the North German L loyd Steamship Co.
— Lemert S. Cook, a real estate dealer, recently tried in
the U. S. District Court on alleged charges of aiding and
abetting T. Lee Clark, the late Cashier of the Enterprise
National Bank of Allegheny, in misapplying the funds of
the institution, was found guilty, as indicted, on the 13th
inst. Arguments for new trials in the cases of those thus far
convicted in connection with the failure will be heard July 2.
— The directors of the Merchants’ Savings & Trust Company^of Pittsburgh, P a., have declared a quarterly dividend




[V o l .

l x x x iv .

of 1 M % — an increase of one-fourth of 1 % — placing the
stock on a 7 % basis. A proposition reducing the capital
from $500,000 to $250,000 was recently approved b y the
shareholders.
— According to the Treasury Bulletin of June 17, the capi­
tal of the Union National Bank, about to be opened in Scran­
ton, P a., will be $500,000, instead of $200,000, as planned
originally. The bank is to begin business in July in tem ­
porary quarters in the D avidow Building. The following are
the officers: W . L. Connell, President; D . W . Mears, VicePresident; F. W . W ollerton, Vice-President and Cashier; and
William W . McCullough, Assistant Cashier.
— J. H . Strawn has been appointed receiver of the Farm ­
ers’ & D rovers’ National Bank of W aynesburg, P a., succeed­
ing George T. Cutts, who has becom e Bank Exam iner at New
Y ork. The bank suspended on December 12 last. In the
U. S. District Court on the 13th inst. Receiver Cutts was
authorized to accept $60,000 in settlement of claims against
Barney Grossman, Minor Grossman and J. B. F. Rinehart,
Cashier of the bank. By this agreement, it is stated, “ the
creditors will receive from 25 to 3 0 % of their claims, the bank
will continue in operation, and all suits arising from the failure
will be dropped, except those on tw o notes for $5,000 each
which the First National Bank of Scottsdale holds against
the Grossmans, with the endorsement of Mr. R inehart.”
— The Ohio Bankers’ Association presented a notable
array of speakers at its seventeenth annual session, held
on Wednesday and Thursday at Cincinnati. Myron T .
Herrick, ex-Governor of Ohio, discussed at considerable
length “ Legislation and Progress.” In part he said: “ All
restrictive legislation, however wise, is inopportune at this
time. W ith the wonderful prosperity of the country there
has developed a corresponding increase in the demand for
railroad facilities. There is a general com plaint, n otw ith ­
standing the hundreds of millions of dollars that have been
poured into railroad building and im provem ent, that the
roads are not keeping pace with the necessity for transpor­
tation. A t the present rate of increase, in tw enty years we
will have a population of 140 millions and in forty years
nearly 200 millions will live and have their being in the
United States. The realization of this probability means a
reorganization of American econom ic life. It will require,
even in our time, practically a duplication of the present
railroad facilities. The necessity of approxim ately keeping
pace with the demands for transportation forces the railroad
question to the front— not only as a State bu t as a national
problem of the first magnitude. It should be manifest that
its solution lies along the line of inspiration of confidence b y
Congress and the Legislature, and upon its correct and speedy
solution depends much of our future strength.” Other sub­
jects of discussion were: “ The Treasury and the B anks,”
b y Milton E. Ailes, Vice-President of the Riggs National
Bank, W ashington, D. C.; “ Place of the Independent Treas­
ury in the American Banking System ,” b y Prof. E. S.
Meade, of the University of Pennsylvania; “ W ork of the
Currency Commission of the American Bankers’ Associa­
tio n ,” &c.
— The Pearl Street Market Bank of Cincinnati has been in­
corporated with a capital of $100,000. The institution will
locate in the commission house district and will condu ct a
general banking business. James Arata will be President.
— The date of the opening of the new Metropolitan Bank
& Trust Com pany of Cincinnati has been set for July 15.
The institution’s offices will be at 534 W alnut Street. A t a
meeting last week the directors elected Thomas F. McClure
as President; Josiah K irb y, R . K . Le Blond and John J.
Bruce, Vice-Presidents; George W . Platt, Secretary; and
L. M. Sanford, Cashier.
— Application has been made for a charter for the East
End Bank of Cincinnati. The institution will have a capital
of $50,000; its quarters will be in the neighborhood of East­
ern Avenue and Carroll Street. J. A. De Arm ond is to be
President. One of the organizers is R . K . Le Blond, a VicePresident of the new M etropolitan Bank & Trust Com pany
of Cincinnati.
— The directors of the Ohio Trust Com pany of Colum bus
Ohio have elected John L. Vance Jr. as a V i c e - P r e s i d e n t
of the institution, he having resigned as Secretary and
Treasurer of the^company in-order to^devote more time to

J u n e 29 1907.]

THE CHRONICLE.

other interests. W alter B. English, heretofore Assistant
Secretary, succeeds to the office vacated b y Mr. Vance.
Mr. Vance has also been elected a Vice-President of the
American Savings Bank of Columbus. George W . B right,
President of the Ohio Trust, has becom e a director of the
savings bank.
— The executive council of the Indiana Bankers’ Associa­
tion has decided to hold this year’s meeting at Indianapolis
on O ctober 23 and 24. Andrew Smith, Vice-President of
the Capital National Bank of Indianapolis, is Secretary of
the association.
— The City National Bank, capital $200,000, is to be or­
ganized at East St. Louis, 111. The institution is projected
b y M. M. Stephens, A . B. Daab, C. L. Gray, H. C. Barnard
and R obert E. Gillespie.
— Under the title of “ The R ailw ays,” an address was de­
livered b y E . D. H ulbert, Vice-President of the Merchants’
Loan & Trust Company of Chicago, before the First District
Group of the Minnesota Bankers’ Association at its annual
gathering on the 21st inst. at W inona. The St. Paul
"P ioneer Press” reports that Mr. Hulbert view s the railroad
situation with alarm. He says that many people in Chicago
believe President R oosevelt partly responsible for the same.
Laws have been made so fast recently, he stated, it is not
strange the railways do not live up to them.
He criticises
the Minnesota Legislature for passing the tw o-cent fare and
reciprocal demurrage bills, and declared that adverse legisla­
tion causes poor service. B y injuring railways, he added,
ev erybody is injured. The group expressed itself as op­
posed to the m ortgage reg'stry tax law, on the ground that
it is not equitable or just.
— Announcem ent of the dates for the holding of the annual
convention of the Minnesota Bankers’ Association is made
in a little folder, the cover of which bears a calendar with
the convention days conspicuously printed in red. The
meeting will take place at the capital city (St. Paul) on July
9 and 10. The Secretary of the association is Ernest C.
Brow n, Assistant Cashier of the First National Bank of
Minneapolis.
— A resolution was adopted b y the Iow a Bankers’ A sso­
ciation, at its annual session on the 18th and 19th inst. at
Sioux City, petitioning the Legislature of that State to enact
measures regulating the operation of trust companies and con­
ferring upon them powers not now possessed b y Iow a com ­
panies, bu t enjoyed b y institutions of a like nature in other
States. The bankers also favored the repeal of the bank­
ruptcy law, and endorsed the action of the American Bank­
ers’ Association with regard to the test case which is to be
brought for the purpose of determining the right of express
companies to carry on a banking business. J. M. Dinwiddie,
Cashier of the Cedar Rapids Savings Bank, has been re­
elected Secretary of the association.
— W . A . Brooks, who was Cashier of the First National
Bank of Tonkawa, O kla., has sold his interest in that insti­
tution, having become Vice-President of the Columbia Bank
& Trust Company of Oklahoma City, of which his father,
Caleb R . Brooks, is President.
— J. G. M orony has been chosen President of the Daly
Bank & Trust Com pany of Butte, M ont., to succeed H. L.
Lalor, the latter replacing Charles F. Booth as Vice-President
of the institution.
— It is stated that J. S. Parks, who lately resigned as Presi­
dent of the American National Bank of Kansas City, Mo.
(now the National Bank of the R epu blic), is to be President
of a new trust com pany shortly to open in that city. It is
to be known as the Assurance Trust Com pany, and is to have
a capital of $100,000. The com pany, it is reported, will
make a specialty of real estate and mortgage business.
— The Prudential Trust Company and the Prudential Sav­
ings Bank of Topeka, allied institutions, have rem oved to
their own building at Seventh Street and Kansas Avenue.
Both concerns began business last year.
— A t the convention of the Tennessee Bankers’ Associa­
tion, held on the 18th and 19th inst. at Lookout Mountain,
President T. R . Preston (of the Ham ilton National Bank of
Chattanooga) recom mended that the association em ploy a
lawyer to take up all legal questions pertinent to banking,
w ithout cost to the individual members. He also recom ­




1525

mended the adoption of the grou p system , and referred to the
needs of the State for a Banking Departm ent, both in the
interest of the depositor and banker. In an address on
“ Credit Currency,” Joseph A . McCord, Vice-President of
the Third National Bank of Atlanta, stated, according to
the account of his speech in the “ Nashville Banner,” that,
while the present commercial activity continued, things
would be all right, bu t with any reaction there w ould be a
repetition of the panic of 1893, owing to the trem endous
am ount of outstanding national bank currency. The new ly
elected President of the association is E . A . Lindsey, VicePresident of the First National Bank of Nashville.
— The Chattanooga Savings Bank of Chattanooga, Tenn.,
which con du cts a purely savings and trust business, claims
to be the largest savings depository in Tennessee; its deposi­
tors number 8,200, and on M ay 20 it reported deposits of
$2,361,856. The institution has a capital of $100,000 and
surplus and profits of $141,856; to the date of its latest state­
ment it had paid in interest $439,232. W . A . Sadd is
President.
— In accordance with arrangements perfected on M onday,
the Low ry National Bank of Atlanta, G a., is to take over al
the deposits of the Trust Com pany of Georgia at Atlanta.
A ccording to the “ Atlanta C onstitution,” the latter, which
has in the past been allied to the L ow ry National, will be­
come the owner of a large part of the bank’s capital (2 5 % , it
is stated), and will in future confine itself solely to a trust
business. It is the intention to increase the capital of the
Low ry National from $500,000 to $800,000; this, with sur­
plus and profits of $680,000, will, it is claim ed, give the bank
the largest working capital am ong the State’s financial in­
stitutions. Of the $300,000 increase in capital, $100,000
will be derived from a 20 % stock dividend to be declared;
the other $200,000 will com e from the sale of new stock.
— A map showing within a border of red the burned area
of San Francisco, and indicating (with black markings) the
extent of the re-building operations already under w ay, has
been published b y the California Prom otion Committee of
San Francisco. One of these m aps, sent to us b y the
Metropolis Trust & Savings Bank of that city , shows in
green the location of the ba n k ’s own fourteen-story building,
adjoining the site of the Palace H otel on Market Street
which will place it in the centre of the permanent business
district of the city. The bank expects to be installed in the
first floor and basement b y January 1 1908. In the mean­
tim e, it is occupying its own tem porary building at 1237
Van Ness Avenue.
— The second annual convention of the Oregon State
Bankers’ Association took place at Portland on the 14th and
15th inst. A feature of the business program was the fiveminute talks of bankers representing the various counties of
the State, every one of whom com m ented on the general
prosperity of the State. The tenor of their remarks was to
the effect that with bank funds far in excess of local require­
ments, the State has passed from a borrower to a lender.
Papers were read at the meeting b y Joseph Chapman Jr.,
Cashier of the Northwestern National Bank of Minneapolis;
A . L. Mills, President of the First National Bank of Portland,
and E . D. Cusick of A lbany, Oregon. State Bank Exam iner
James Steel also addressed the meeting and solicited the aid
of the bankers in his efforts to systematize and im prove the
State banking business. J. L. Hartm an, Manager of the
Portland Clearing House, has been re-elected Secretary of
the State association.
— The forty-second annual meeting of the stockholders of
the Union Bank of Canada (head office, Quebec) was held
on the 19th inst. The report subm itted for the year ending
May 31 1907 showed net profits, after the usual deductions,
of $446,533, which, with the balance of $27,547 at credit of
the profit and loss account on May 31 1906, gave a total of
$474,080. The appropriations out of this were as follows:
$210,000 paid in dividends (3J^% sem i-annually); $1,00,000
transferred to rest account, increasing it to $1,600,000;
$100,000 written off bank premises; and $20,000 voted to
family of the late President, Andrew Thom son, leaving a
balance of $44,080 to be carried forward. The bank has
total assets of $30,607,500. In compliance with the au­
thority of the shareholders granted in June 1903, it has been
decided to increase the capital from $3,000,000 to $4,000,000.

1526

THE CHRONICLE.

The new stock will be issued to the shareholders in proportion
to their present holdings at $140 per share. A resolution
has been passed changing the date of the annual meeting
from June to Decem ber, and the fiscal year will accordingly
hereafter end on November 30 instead of May 31. Following
the practice adopted recently b y other Canadian banks, it
has also been decided to make future dividend paym ents
quarterly instead of semi-annually. G. H . Balfour is Gen­
eral Manager.
— The Quebec Bank (head office Quebec) in its annual
statement of May 16 1907, reports net profits for the twelve
m onths, after deducting charges of management and m aking
provision for bad and doubtful debts, of $300,011. W ith
the balance of $60,832 at the credit of profit and loss the
previous year, the bank had available $360,843, which was
distributed as follows: dividend paym ents, 1 % % quarterly,
.$175,000; reserved for pension funds, $5,000; reserved for
depreciation in securities held, $10,000; and added to rest
account, $100,000; leaving a balance of $70,843 to be carried
to the profit and loss account. The bank has a capital of
$2,500,000, a rest fund of $1,250,000, deposits (May 31) of
$8,604,824, and total assets of $14,458,650. John Breakey
is President and Thos. M cDougall General Manager.
— The Dominion Bank (head office, Toronto) announces
the follow ing appointments: Head office, H. J. Bethune as
Superintendent of Branches; E. A. Begg, Chief Inspector,
and E . H . Baines, Secretary; Branches: W . K . Pearce,
Manager at Hamilton; E. S. Anderson, Manager at St.
^Thomas; C. E . Thomas, Manager at Ottawa; T . M. S cott,
Manager at Berlin; R . D. Black, Manager at Hespeler; and
A . M. Bethune, Acting Manager at Bram pton.
T R A D E AN D T R A D E C E N T R E S .— Mr. Henry C.
Swords, of the Fulton Trust Com pany of this city, sends us
a m onograph on “ Trade and Trade Centres of H istory,” b y
'W. Ham ilton Benham. This is one of a small class of books
which are labors of love and zeal, being non-com m ercial in
origin and intent, bu t wrought out of interest in some special
topic. Mr. Benham having catalogued the collection of en­
gravings gathered together b y Mr. Swords of merchants,
bankers and financiers of form er times, and having written
brief biographies of them , he made the subject of commerce
before the American war of independence so interesting that
Mr. Swords asked him to prepare a paper on commerce from
the early days to about the close of the eighteenth century.
This work was done so well that Mr. Swords has had it
printed in the volum e before us, “ in the belief that others
will en joy reading it .”
Such is the genesis of this thin volum e of 60 octavo pages,
in large type with wide margins. Only a thousand copies
h ave been printed, direct from the type, and the im print of
the DeVinne Press is guaranty of the typographical beauty
■which pleases the eye when one can take time for leisurely
■enjoyment in these times of hurry. A few of the pictures
from Mr. Sw ord’s collection embellish the book: Colbert,
the brilliant Minister of Louis X I V . of France; Josiah Child
o f the East India Com pany of the time of Charles II.; the
great m em ber of the Medicis of Florence, known as Lorenzo
the Magnificent; that financier of the Elizabethan era whose
nam e will always be associated with “ Gresham’s Law ” ;
the Bank of England, the Bank of Hamburg; and three maps
indicative of the lines of ancient trade, one between North
and South Europe and two with the East. Of course these
were m ainly water routes. They began, as trade began,
almost with the compass, the inventor of which is still un­
known. It is ascribed to Flavio G ioja, near the beginning
o f the fourteenth century; but references to the polarity of
the needle, and even some crude applications of that prin­
ciple to navigation, have been found much earlier than that
century.
“ H istory has too long been regarded,” says the author,
“ as the story of reigning families, political factions and pro­
fessional rulers;” but an econom ic cause lies behind them all,
for “ rulers are a lu xu ry.” They have to be supported.
W ar usually has some material end in view. Therefore the
m erchant and the banker are the real rulers of the world.
Mr. Benham has done his work well, and Mr. Swords has
carried out a praiseworthy desire to share with others. He
thinks m any a man pictured in his collection might justly
be called— as a great railroad man and financier lately de­




[V o l .

l x x x iv .

ceased was called— “ an Apostle of Accom plishm ent.” The
suggestion is apt and even tim ely. The men who do things
often find their age ungrateful. They are liable to be mis­
understood, bitterly opposed, and even maligned; so they
must wait for the justice which posterity accords. Mr.
Swords has to leave to future collectors the task of gathering
portraits of the men of this day; but he has done a good work
in gathering these,and in offering them, with this sketch,
for leisurely examination.

p X 0 i x c t a r y | ( C o m m c v x i a l l :n g U 5 T t i X c x x r 5
(From our own correspondent.)

London, Saturday, June 15 1907.
In the early part of the week there was a fairly cheerful
feeling, and people were beginning to look forward with
greater hope to the immediate future. As, however, the
fortnightly settlement on the Stock Exchange proceeded,
it became known that certain firms were in difficulties. As
a matter of fact, only two small failures occurred. But there
is an apprehension that others will follow , and that there­
fore the liquidation which has been going on ever since the
beginning of the year is not yet at an end
The apprehensions have been increased by the reported
failures in E gypt and in Paris. There has been a rampant
speculation in Egypt for a considerable time past, the great
progress the country is making having encouraged com panymongers to bring out all sorts of unsafe enterprises. A
number of exceedingly good companies have, of course, been
form ed, and doubtless will do well. But the worst companies
are sure to fall into difficulties as soon as trouble arises. It
is said that some of those interested in these companies are
already in difficulties, and it is believed that a good deal
of the loss will fall upon capitalists in Paris who have financed
these unsound enterprises.
There has also been a renewed fall upon the Berlin Bourse,
especially in German industrial companies. It is understood
that the banks have put pressure upon the operators to pay
back a portion, at all events, of the loans raised b y them,
and have thus compelled selling upon a considerable scale.
Everywhere throughout Europe, in short, the week has been
one of declining quotations and anxious apprehensions.
The trouble, no doubt, has been greatly intensified by the
crisis in the wine industry in France. It will be recollected
that the southern wine districts of France suffered excep­
tionally from the philoxera disease about a generation ago.
Vineyards over vast areas had to be torn up and replanted
with American vines. The cost was very great, and the
growers have not been able to entirely free themselves from
debt. Now there is a glut of wine. The price has fallen so
low that it is alleged it does not pay for the cost of the grow­
ing. The work people are em ployed only three or four days
out of the week, and all the industries that depend upon the
wine industry naturally share in its distress. It is alleged,
and apparently truly alleged, that the genuine production
of wine in France is somewhat smaller than the national
consum ption, but that adulteration is practiced on so great
a scale that a glut has taken place and the wine industry is
plunged in deep distress. To meet this difficulty the Govern­
ment has introduced a bill for heavily taxing sugar em ployed
in wine and preventing it being usad at all in certain circum ­
stances. Moreover, the bill takes measures against em ­
ploying too much water. It is hoped that this will meet
the real requirements of the case, and that after a while the
wine industry will begin to recover. For the mom ent, how ­
ever, the great demonstrations in southern France, the resig­
nation of mayors and municipal councillors throughout four
great departments, and the insubordination shown by certain
regiments, have made a painful impression, and doubtless
have helped greatly to produce the weakness upon the bourses
and the stock exchanges all over Europe.
Moreover, the Russian Government has this week trans­
ferred a good deal of the m oney standing to its credit in
Paris to St. Petersburg and to Berlin. The internal troubles
probably account for the remittance from Paris to St. Peters­
burg, while the transfer to Berlin is explained by the fact
that floating debt to a considerable amount is falling due in
Berlin and has to be paid off. At the same time the Japanese
Governm ent has transferred to London a considerable por­
tion of the m oney standing to its credit in Paris since the late
loan in Paris. The result of the S3 transfers is that money
for the moment has become com paratively scarce and dear
in Paris, which no doubt has also helped to weaken the bourse
and by its counteraction to increase the uneasiness on the
other bourses and stock exchanges of Europe.
The Bank of England has made no change in its rate of
discount this week, nor is it likely to make a change during
the presant m onth. We are now only a fortnight from the
end of the quarter and half-year when “ window-dressing”
b y the banks and the usual half-yearly requirements will
causa m oney to be in very strong demand. Furthermore,
the French‘ banks, for the reasons pointed out above, are
strengthening themselves. They are receiving gold not only
from New Y ork but also from London. It is b e l i e v e d that
the debt due from the Bank of England to the Bank of France
>'s now repaid. Y et it looks as if further amounts would be

1527

THE CHRONICLE.

J u n e 29 1907.]

Supplies available for consum ption (exclusive of stock on
taken from London to Paris. M oreover, the French banks
have withdrawn the balances they were em ploying in Berlin, September 1):
and generally they are making efforts to strengthen them ­
1906-07.
1905-06.
1904-05.
1903-04.
heat imported, cw t.......................68,908,204 68.357,490 80,759,100 70,906,136
selves, mainly, no doubt, because of the wine crisis; partly W
Im ports of flo u r................................ 10,758,487 11,728,600
9,137,620 16,540,743
also because of the fears of socialism, and to some extent Sales of h o m e -g r o w n ................... .22,425,728 26,915,326 13,042,726 15,720,383
no doubt also because of the apprehensions of further failures
T otal....... .........................................102,092,419 107,001,416 102,939,446 103,167,262
at home and abroad.
Average price of wheat, week_____ 32s. Od.
30s. 3d.
31s. 4d.
26s. 6d.
28s. 6d.
30s. 5d.
27s. I d :
In Germany there has been a decrease in the note circula­ Average price, s e ason____________ 26s. lOd.
tion, bu t everybody knows that there will be a very large in­
The following shows the quantities of wheat, flour and
crease at the end of this m onth. The Bank is not as strong maize afloat to the United K ingdom :
as it ought to be under all the circumstances, and y et it has
This week.
Last week.
19061905'.
3,490,000
3.590.000
2,760,000^
failed to attract gold from abroad. It seems certain, there­ W h e a t____________________ __qrs. 3,440,000
Flour, equal t o ______________ qrs.
175,000
160,000
235,000
120,000
fore, that there will be no change in the rate of discount of M aize________________________ qrs. 690,000
605,000
1.065.000
790,000
the Imperial Bank of Germany this m onth. Whether a
The British im ports since Jan. 1 have been as follows:
change can be made even next m onth is doubted by many
1906.
Difference. P er Cl,
1907.
persons.
Imports.
£
£
£
Upon the whole the prospect seems to be that m oney will Ja n u a ry _________________________ 60,540,508 53,474,333 + 7,0 6 6 ,1 7 5 + 1 3 .2
+ 5,400,094
+ 1 1 .3
continue very nearly at its present value for two or three F e b r u a r y ..................... ..................... 52,927,347 47,527,253
March ............................................ .. 57,738,731
+ 4,4 77,1 01
+ 8 .4
weeks yet. Whether it will becom e still easier then will de­ April ................................................... 56,786,097 53,261,630
47,519,310
+ 9.7 2 6 ,7 8 7
+ 1 0 .7
+ 1,2 0 1 ,6 9 2
+ 2 .3 ;
pend partly upon the harvest prospects all over the world M a y ............................... .- .................. 52,619,423 51,417,731
and partly upon the course of events in New Y ork . If
F ive m o n t h s ................................. 280,568,392 252,677,040 + 27,891,352 + 1 1 .3 '
m oney continues easy in New Y ork and there is an im prove­
The exports since Jan. 1 have been as follows:
ment on the Stock Exchange, apprehensions in Europe will
D ifference.
P er Cl,
1907.
1906.
decrease, and it is possible that m oney m ay become cheaper.
Exports.
£
£
£
But if the harvest prospects are bad and there is no im prove­ J an u ary_________________________ 35,070,607 30,774,811
+ 4,295,796 + 1 4 .0
e b ru a ry ................................. .......... 32,073,345
+ 3,302,222 + 1 1 .5
28,771,123
m ent on the New Y ork Stock Exchange, the likelihood is FMarch
................................................ 34,723,034
31,651,162
+ 3 ,0 71,8 72
+ 9 .7
that rates will be fully maintained even in July.
April ................................................... 34,416,866
+ 7,384,560 + 2 7 .3
27,032,306
The India Council offered for tender on W ednesday 50 lacs, M a y ................................................... .. 36,922,548 31,724,927 + 5,197,621 + 1 6 .4
and the applications exceeded 383 lacs, at prices ranging
F iv e m o n t h s ................................. 173,206,400
149,954,329 + 23,252,071 + 1 5 -5
from Is. 4d. to Is. 4 ^ d . per rupee. Applicants for bills
The re-exports of foreign and colonial produce since Jan. 1
at Is. 4 3-32d. and for telegraphic transfers at Is. 4J^d. per
show the follow ing contrast:
rupee were allotted about 15% of the amounts applied for.
1907.
1906.
Difference. P er Ct.
The following return shows the position of the Bank of
T?P—
PTTinTl*
-P
P
P
7,445,855 + 1,3 47,4 21 + 1 8 .2
England, the Bank rate of discount, the price of consols, & c., Ja n u a ry ___1 1 I I I I I I I I I _1111III 8,793,276
F e b ru a r y ...................... ............ ........ 9,425,830
7,995,860 + 1,4 2 9 ,9 7 0 + 1 7 -8
com pared with the last four years
March ................................................. 8,110,260
7,276,397
+ 833,863
+ 1 1 .6
1907.
June 12.
£
28.835.465
9,774,486
42,577,162
15,084,520
30,538,822
24,628,266
35,003,731

1906.
June 13.
£
28,633,740
9,050,109
42,741,064
15,977,133
29,125,443
24,584,186
34,767,926

1905.
June 14.
£
28,961,800
13,037,786
41,063,584
16,171,319
28,118,819
27.605,861
38,117,661

1904.
June 15.
£
28,047,830
8,197,694
39,599.756
16,687,806
24,091,617
24,846,247
34,444,077

1903.
June 17.

£

Circulation................
28,771,165
Public deposits____
11,063,102
Other deposits.........
39,255,530
Governm ’t securities
15,073,219
Other securities____
26,294,684
Reserve notes<fccoin.
26,803,408
C oin& bull.,bothdep.
37,419,573
Prop, reserve to lia­
47
bilities______ p. c.
47%
50 15-16
51%
53%
Bank rate_____ p. c.
4
4
2%
3
*3
Consols, 2% p. c ___
84 1-16
90%
885*
90 3-16
91 1-16
S ilv e r ......................... 30 13-16d.
29 % d .
25% d.
24 5-16d
Clear.-housereturns.215,005,000 202,547,000 167,465,000 209,183,000 222,388 000
♦June 18.

The rates for m oney have been as follows:
June 14.
4

Bank of England rate.
Open Market Rate—

June 7.
4

M a y 31.
4

M a y 24.
4

3% @ 3 %
3%
35-4 @ 3 %
4
4

3% @ 3 %
3% @ 3%
3% @ 3%
3% @ 4
3% @ 4

3%
3%
3% @ 3 %
3% @ 4
3% @ 4

2%

2%

2%

2%

2%
2%

2%
2%

2%
2%

2%
2%

.3 13-16@ 3 %
3%
3% @ 4
4© 4%
4@ 4%

Trade bills— 3 months.
B y Joint-stock b a n k s ...
B y discount houses:
A t c a ll ______________
7 to 14 d ays__________

f discount and open m arket rates at the
chief Continental cities have been as follows:
Rates o]
Interest at—

Copenhagen......... .

Messrs. Pi
June 13:

June 14.
June 7.
June 1.
Bank Open
Bank Open
Bank Open
Rate. M arket. Rate. Market. Rate. Market.
3%
3 7-16 3%
3%
3%
3%
5%
4%
4%
4%
5%
5%
5%
4%
4%
5%
5%
4%
4 9-16 5%
5%
4%
5%
4%
5
4%
5
4 11-16 5
4%
5
4%
5
4
5
4%
4 1-16 4%
4%
4 1-16 4%
4%
7
7
7
4
4%
4%
4
4
4%
6
5%
6
6
5%
5%
&

M a y 25.
Bank Open
Rate. Market.
3%
3%
5%
4%
5%
4%
5%
4 9-16
5
4 14
5
314
4 % 4 3-16
7
4~
4%
6
5%

Abell write as follows un<

G O LD .— All this week's arrivals have been taken b y the Bank. The Bank has
received £753,000, o f which £498,000 is in bars, and £250,000 set free b y the Indian
Council. The withdrawals amount to £335,000, chiefly for E gypt and South
Am erica. £448,000 is due next week from the Cape. For the week— Arrivals—
Cape, £555,000: Australia, £168,000; Brazil, £18,000; W est Indies, £7,000; Total:,
£748,000. Shipments— B om bay, £142,450; Calcutta, £12,500; Madras, £20,250;
Total ,£175,200. For month of May— Arrivals— Holland, £51,000; France,
£14,000; South Africa, £3.304,000; West Africa, £189,000; India, £192,000;
Straits, £24,000. Shipments— Holland, £32,000; France, £1,311,000; South
Africa £120,000; W est Africa, nil; India, £820,000; Straits, £400,000.
S IL V E R .— Fluctuations during past week have been small, the lowest quotation
being 3 0 % d. for cash, and the highest 30 13-16d., whilst forw ard, owing to full sup­
plies of spot silver in London, is now quoted at 3-16d. over the cash price. B oth
China and the Indian Bazaars have been buyers, and the market closes quiet and
steady. The Bom bay price is R s. 78% per 100 Tolahs. F or the week— Arrivals—
New Y ork, £186,000; China, £99.000; W est Indies, £2,000; Total, £2S7,000.
Shipments— Bom bay, £238,300; Singapore, £13,500; Madras, £5,000; Total,
6,800. F>" m u m o ' A liy — Y v iv U s — F rance, £71 .0 0 0 ; U. S. A ., £ 8 9 4 ,000China, £374,000; I n d ia ,-------; S traits,------- . Shipments— France, £92 ,000 ; U. s i
A . , -------; C h ina,£36,000; India £777,000; Straits,£170,000.
M E X IC A N D O L L A R S.— M exico is not a seller at this level of prices. Arrivals—
New Y ork £10,000. Shipments— Bom bay, £68,000.

The quotations for bullion are reported as follows:
G O LD .
June 14.
London Standard,
s. d.
Bar gold, fine o z ......... 77 9%
U . S. gold coin, o z ____76 4%
German gold coin, o z . .7 6 4%
French gold coin, o z . . 76 4%
Japanese yen, o z _____ 76 4%

June 7 . 1
S IL V E R .
June 14.
s.
d. j London Standard.
d.
77 10% ! Bar silver, fine o z ____ 30 13-16
6 5% I “ 2 m o. delivery, o z . . 31
6 5% ICake silver, o z . . ......... .3 3 %
j Mexican dollars_______ nom .
5%

June 7.
d.
30 13-16
3014
33%
nom.

The following shows the im ports of cereal produce into
the United Kingdom during the season to date, compared
with previous seasons:
IM PO RTS.
Forty-one weeks.
1906-07.
1905-06.
1904-05.
1903-04.
Im ports of wheat, c w t ................... .68,908,204 68,357,490 80,759,100 70,906,136
Barley ................................................17,718,334 17,935,600 18,627,800 27,135,126
Oats....................................................... 8.160,810 11.205,900 11,771.200 12,252,994
Peas....................................................... 1,432,120
1,353,805
1,708,752
1,950,530
B e a n s ...................................................
378.920
540,530
1,312,120
1,930,638
Indian corn .........................................38,496,694 35,383,300 33,226,300 37,892,767
Flour ...................................................10,758,487 11,728,600
9,137,620 16,540,743




A p r i l ..................................... .............
M a y .....................................................

9,669,898
8,451,766

7,332,086
7,116,655

F iv e m o n t h s .................................. 44,451,030

37,166,853

+ 2,3 37,8 12
+ 1,3 35,1 11
+ 7,2 8 4 ,1 7 7

+ 3 2 .0
+ 1 8 .8
+ 1 9 .6

English Financial Markets— Per Cable.
The daily closing quotations for securities, & c., at London
as reported b y cable have been as follow s the past week:
London,
Week ending June 2 8.
Sal.
Silver, per o z _____________ d . 31
Consols, new, 2% per ce n ts .. 83%

M on.
Tues.
31
31
83%
84 9-16
83 13-16 84%
French rentes (in P a ris )..fr _ 9 3 .87% 94.25
94.17%
Russian Imperial 4s_________73
73
74%
do
do New 5s.............. 81
82%
81%
Amalgamated Copper Co____83%
83%
84%
6 Anaconda Mining C o______ 11 %
11
11%
Atchison Topeka & Santa Fe 89%
89%
913^
Preferred ________________95%
95
95
Baltimore & O hio___________ 95%
96%
95%
P r e fe r r e d ________________ 87
87
87
Canadian Pacific______ _____ 171
171%
173%
Chesapeake & O hio_________33
33%
33%
Chicago Great W estern_____ 10%
10%
10%
Chicago Milw. & St. P a u l . . . 128%
129
130
Denver & R io Grande, c o m .. 26%
26
26
Preferred ________________73%
74
73%
Erie, com m on______________ 22%
22%
23
First p re fe rre d ......... .......... 57
57%
57%
Second p r e fe rr e d _________37
37
37
Illinois Central_____________ 140
140
141
Louisville & Nashville______ 114
113%
114%
Mexican C entral.......... .......... 20
20
20%
Missouri Kan. & T e x ., c o m .. 32%
32
33
Preferred _____ __________ 65%
65
65
National R R . of M exico____51
51
51
N. Y . Cent, & H udson R iver 113%
114
115
N. Y . Ont. & W estern, c o m . 35
35
35
74
Norfolk & W estern, co m ____74%
75
82%
Preferred ................ ............ 82%
82%
126
Northern Pacific____________ 126
127%
a Pennsylvania---------------------61
61%
61%
52
a Reading C o......... ................... 51%
51%
42
42
a First preferred................. 42
41
41
a Second preferred_______ 41
20%
R ock Island C o.........................20%
21
76
77%
Southern Pacific.................... .. 75%
Southern R y ., c o m ................. 18
18
18%
62
62
Preferred ________________ 62
Union Pacific, c o m ................. 135
135%
137%
86%
86%
Preferred ________________ 86%
33%
34%
U. S. Steel Corp., co m m o n .. 32%
99%
100%
P r e fe r r e d ....... .......... .......... 99 %
W abash ___________________ 13
13
13
24
Preferred ________________23%
23%
63
63%
Extended 4s_____________ 63
a Price per share.

Wed.
Thurs.
30 15-16 30%
82 7-16 84%
84%
84 9-16
94.17% 94.30
74%
74%
82%
82%
86
87
11%
11%
92%
92%
95%
95%
98
98
87
87
175%
175
34%
34%
11
11
131%
131%
26%
27
74%
74%
24%
24
58%
59
39
38%
142
143
117
116%
20%
20%
34%
34
65%
65%
51
51
116%
116%
36
36%
76%
76%
82%
82%
130
130%
62
62%
53%
52%
42
42
41
41
22
21%
79%
79%
20
19%
62%
64%
140%
140%
86%
87
35%
35%
101%
101%
13
13%
23%
24
63%
63%

*
F ri.
30 15-16
84%
84111-16
94.30
74%
82%
87%
1
11%
93
95%
98%
87
!
176%.
,
34%
!
11
133%
27
73
24%
60
39
|
143%
117%
20%
,
34%
65%
51
117%
37
76%
82%.
132%
62%
53%
42
41
22% .
80%
20
f
71%
>
141%
87
36%
101%
13
25
64%

b '£ sterling.

&0wrxcrcml and ^iscjeIlattJC0tispc^iurE
Auction Sales.— Am ong other securities the follow ing, not'
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
Stocks.
Stocks.
1 M em bersh ip N . Y . P r o ­
4 P e o r ia & B u rea u V a lle y
d u c e E x c h a n g e ________ $355
R R . C o ------------------------- 160
10 W ilc o x & G ib b s G u an o
84 W m . H . B a k e r , S y r a c .,
C o ., $25 e a c h _______ $28 lo t
N . Y . , I n c ----------- $2 p er sh .
1 5 ,000 L ittle B u ll F r o g M g .C o .,
2 N e w p o r t ( R .I .) C a sin o,
$500 e a c h ____ $250 p er sh.
$1 e a c h _______ 2 % c . p e r s h .
1 C lin to n H all A ss n ______57
800 C o b a lt C en tral M in ing
50 U n io n T y p e w r ite r C o m . 84
C o ., $1 e a c h ____ 2 6 c. p e r s h .
20 F ron tier M in in g C o .$ 2 p er sh
300 G oldfteld
S ilver
P ic k
75 M u tu al H o m e & I n v .]
M in in g C o ., $1 each
C o . ( K a n .) , $25 e ’ hl
5 0 % c . p er sh .
2,000 C en tral T o n o p a h M g I
C o --------------------------B on d s.
5 S e c u r ity W a r e h o u s -}$ 1 0 5 lo t $2,0 0 0 A ik e n C lub o f A ik e n ,
ln g C o --------------------S. C ., 5s 1 9 2 0 . ........................... 2 9 %
500 N o rth T o n o p a h G old
$200 A ik e n G un C lu b o f A ik en ,
M ines C o ___________
S. C ., 5s 192 2 _______________$21 lo t
450 T e lfe r E y e le t & M a­
$300 V a lle y Fa rm s C o. o f Y o n ­
ch in e C o ., $10 e a ch j
kers In co m e 4s & T ru stee’ s
100 M e x ica n S u gar C orp .l
C tf. fo r 1 sh . s t o c k ___________ 36
$10 e a c h ___________ 1
$3,2 9 0 Scarsdale E states G en .
100 T e x a s Star R ic e Irrl.
L ien 5s 1908, w ith J u ly 1898
& M ill. C o ., P f d . .
c o u p o n s a t t a c h e d ____________ 8.5.

1528

THE CHRONICLE.

DIVIDENDS.
The following shows all the dividends announced for the
future by all large or important corporations.
Dividends announced this week are printed in italics.
Name of Company.

Cent.

Payable.

Railroads (Steam )
Allegheny & W estern, guaranteed...........
July
3
Atchison Topeka & Santa Fe, preferred.
2 X |Aug.
July
Atlantic Coast Line E R ., com m on______
3
Bald Eagle Valley_____________________
5
Aug.
Beech Creek, guaranteed (qu ar.)_______
1
July
BeltR R . & Stock. Yards Ind., com_______
July
3
Common (extra). . ____________________
July
3
Preferred (quar. ) . .................. ...... ............
I X July
B elt R ailw ay, Chicago (q u a r .)_________
July
2
Boston & Albany (quar.)_______________
2 X Jtme
Boston & Low ell____________________ <___
July
4
B oston & Maine, com m on fqu ar.)______
July
ix
Boston & Providence, guaranteed (quar)
2 H July
Boston Revere Beach & L yn n __________
July
3
Buffalo & Susq., common (quar.) (N o.33)
I X July
Canada S outhern _______________________
I X Aug.
Central Railroad of New Jersey (q u a r.). .
Aug.
2
Chicago & Alton, preferred_____________
2
July
Prior lien and participating stock_____
2
July
Chicago & Eastern Illinois, pref. (quar.)
I X July
Chicago & N orth W estern, com m on ____
3 X July
Preferred (qu ar.)_____ _______________
July
2
Chic. R ock Island & Pacific (q u a r .)..
July
1
Chlcago & W estern Indiana (qu ar.)____
I X July
Clev. Cin. Chic. & St. L ., pref. ( q u a r .)..
ix July
Connecting (Philadelphia)__________
2
June
Cripple Crk. Cent., com . (quar.) (N o. 8)
134 July
Preferred (quar.) (N o. 9 ) ..... .......... ......
July
i
D e la w a r e ______________________________
July
4
Delaware Lackawanna & Western (quar.).
234 July
D enver & R io Grande, preferred_______
2 34 iJuly
Des Moines & F t. D odge, pref. (annual)
1Aug.
5
D etroit <fc Mackinac, pref______________
2 X July
Georgia Railroad & Banking (qu ar.)____
2 X July
H ocking Valley, com m on_____ ________
July
2
Preferred_____________________________
July
2
Interborough-M etropolitan, pref. (quar.)
I X July
Interborough R apid Transit (qu ar.)____
2 X July
Kansas City Southern, preferred_______
July
4
Lake Erie & Western, preferred_________
1
July
Lake Shore & Michigan Southern_______
July
6
Lehigh Valley, com m on________________
July
2
Com m on, extra_______________________
July
1
July
Preferred ..................................................
5
Little Schuylkill N av., R R . & Coal-------2 X July
Aug.
3
Louisvile & Nashville----------------------------Maine Central (qu ar.)..................................
I X July
Manhattan, guaranteed (quar.) (N o. 93)
I X July
July
3
Michigan C en tral----------------------------------July
3
Mine H ill & Schuylkill H a v e n . .. ..........
Minneapolis & St. Louis, preferred..........
2 X July
234 July
Missouri Pacific (N o. 57)-----------------------334 July
Morris & Essex--------------------------------------N . Y . Central & H udson River (q u a r .)..
I X July
5
July
New York & Harlem, com m on and pref.
New Y ork Lackawanna & W est, (quar.)
I X July
2
N . Y . New H aven & Hartford (q u a r .)..
June
July
New Y ork Ontario & W estern, common| 2
July
Northern Central (N o. 8 5 )---------------------! 4
Northern R R . o f New Hampshire(quar.)
134 July
July
N orw ich & W orcester, preferred (quar.)
2
Old Colony, guaranteed (q u a r.)------------I X July
3
June
Pennsylvania Com pany-------------------------2
Philadelphia Baltimore & W ash in gton ..
July
Aug.
2
Pitts. Cin. Chic. & St. Louis, co m m o n ..
Preferred ___________________________
2 X July
Pitts. Ft. W ayne & Chic., reg. guar.(qu.)
I X July
Special guaranteed (qu ar.)----------------I X July
Aug.
R eading Com pany, com m on.....................
2
4
July
Rensselaer & Saratoga---------------------------Rich. Fred. & Potomac, com. & div. oblig.
4 X July
St. Louis & San Francisco—
July
Chic. & E. 111. com . stock trust c e r ts ..
5
Preferred stock trust certs, (qu ar.).
ix July
July
K .C .Ft.Scott& M.pref.trust certs (qu.)
i
2343: Aug.
Seaboard Company, first -preferred-----------Southern Pacific, com . (quar.) (N o . 3)
I X July
334 July
Preferred (No. 6 ) -------------------------------2 lA e July
Southwestern of Georgia-----------------------5
July
Texas Central, com m on (annual)-----------Preferred-------------------------------------------2 X July
Union Pacific, com m on (quar.)------------2 X July
July
5
V erm ont V alley------------------ -----------------July
W orcester Nashua & Rochester------------3
Street Raiiwavs.
A m . Cities R y . & L t., pf. (qu.) (N o. 4)
134 July
Aurora Elgin & Chic., pref. (qu ar.)-----I X July
Bangor Railway & Electric (q u a r.)..........
I X July
June
Birmingham Railway, Lt. & Power, pref.
3
75c. July
Boston Suburban Electric Cos., pf. (qu.)
July
Boston & W orcester Electric Co.s, p r e f.. S2
Capital Traction, W ash., D . C. (q u a r .)..
134 IJuly
134 : June
Chicago City Railway (qu ar.)----------------X ! July
Cin. Newport & Cov. Lt. & Trac., com . .
Pref erred (quar.)-----------------------------134 July
Cincinnati Street Railway (quar.)------I X July
Citizens' Street (Newburyport, M ass. ) . .
234 July
City R y., D ayton, O ., common ( q u a r .) ___
I X ;July
Pref erred (quar.)______________________
I X July
X IJuly
Cleveland Electric R y . (quar.)......... ..........
Columbus Newark & Zanesville, pref-------I X July
July
Consolidated Traction of New Jersey-----2
June
Continental Passenger Railway, P h ila ..
S3
Detroit United R y. (qvar.)______________
I X Aug.
July
3
E l Paso Electric C o ., preferred----------------East St. Louis
Suburban, pref. (quar.).
I X July
Forest City Ry. (Cleveland) (quar.)______
I X July
4
:July
H olyok e (Mass.) Street R ailw ay_______
3
: Juiv
Indianapolis Street Railw ay____________
Johnstown (P a.) Passenger R y . (qu ar.).
X June
Lincoln (Neb.) Traction, preferred---------234 July
1
iJuly
Louisville Traction, com m on (qu ar.)___
Manchester (N . H .) Trac. , Lt.dk P.(quar.)
I X July
July
E x tr a ________________________________
1
July
Manila Electric Railroad & Light C o r p ..
1
July
Maryland Electric Railways____________
2
Metropolitan St. R y ., N . Y . (quar ) -----I X July
Metropolitan W est Side El. Chic, p f . (q.)
X June
N ew Orleans R y . & L t., pref. (q u a r .)..
I X July
July
Northampton (M ass.) Street R ailway____
3
Juiy
Portland (Ore.) R y ., L t. & P ., pf. (qu.)
IX
P u blic Service Corp. of New Jersey______
1
July
Puget Sound Electric R y ., Seattle, pref.
3
Reading Traction..... ....................... ............
75c. July
R och ester Railway, preferred (q u a r .)..
I X July
St. J osep h (M o.)R y .,L .H .& P ., pf. (q u .).
I X July
,Scioto Valley Traction, preferred (quar.).
I X July
June
1
South Side Elevated. Chicago (q u a r .)..
■Syracuse Rap. Tran., pref. (qu ar.)____
134 July
July
Thirteenth & Fifteenth Streets, P h ila ..
86
Toronto Railway (quar.)______ __________
134 July
T ri-C ity Railway & Light, pref. (quar.) _
I X July
Tw in City R . T ., Mlnneap., pref. (quar.)i I X July
itfnlon Passenger Ral w ay, Philadelphia, i $4.75 July




Books Closed.
D ays Inclusive.

1
1 !Holders of rec
to
1 July 6
to
10 June 22
1 Holders o f rec
1 June 23
to
1
1
1
1
29 Holders of rec
2 May 26
to
1 Holdors of rec.
1 Holders of rec.
1 Holders ot rec.
1
1 Holders of rec.
to
1 Ju ly 17
1 June 21
to
1 June 21
to
1 June 16
to
1: Holders of rec
1 i Holders o f rec
1 June 15
to
1
20 Holders of rec.
30 Holders of rec.
to
20 July 11
to
20 July 11
1 Holders of rec.
to
20 July 4
to
15 June 27
to
1 Ju ly 17
to
1 June 16
to
15 July 2
to
15 June 23
to
15 June 23
to
1 June 11
ljJune 18
to
to
1 June 11
15 Holders of rec.
2 9 1Holders o f rec.
13 Holders o f rec.
13 Holders of rec.
131Holders of rec.
16:-----------12!July 23
to
l; Holders o f rec.
to
l J u n e 15
29 Holders of rec.
to
15 June 19
15 June 30
to
to
20 June 21
to
1 June 11
15 Holders of rec.
1 Holders of rec.
to
1 June 16
30 Holders of rec.
to
29 July 17
15 Holders of rec.
1 Holders o f re c.
to
1 June 16
1 Holders of rec.
29 Holders of rec.
1 Holders of rec.
15 Holders of rec.
15 Holders of rec.
2 June 9
to '
to
1 June 16
1 Holders of rec.
1
to
1 June 26
to
1 June 16
to
1 June 16
to
1 June 16
to
1 July 16
1
12 Holders of rec.
to
5 June 18
to
15 July 6
to
15 July 6
l;M ay 30
to
to
1 June 22
to
1 June 21
to
1 June 22
to
6 June 26
1 Holders of rec.
to
29 June 26
15 Holders o f rec.
1 Holders of rec.
to
1 June 15
to
29 June 11
to
15 June 30
to
15 June 30
1 Holders of rec.
1 Holders o f rec.
to
1 June 21
to
1 June 21
1 June 21
to
l 'j u n e 26
to
to
15 June 30
30 Holders of rec.
to
I J u l y 17
8 Holders of rec.
15
to
1 June 21
1 Holders of rec.
1
30 Holders of rec.
to
15 July 11
to
1 June 11
15 Holders o f rec.
15 Holders o f rec.
to
1 June 25
1 June 22
to
to
1 June 21
to
29 June 23
to
15 June 30
to
1 June 28
1 Holders of rec.
Holders of rec.
1 Holders o f rec.
to
1 June 16
1 Holders o f rec.
1 Holders o f rec.
1 Holders o f rec.
to
30 June 20
1 Holders of rec.
1
2 Holders of rec.
to
1 June 25
]j Holders of rec.
1 'Holders of rec.

June 21
Aug
1
July 10
June 11

June 1
June 1
June 15
June 15
June 15
June
July
June
June
Jane
June
Jwne
June

28
31
30
30
19
3
3
30

June
June
July
July
June
July
July
Aug.
Juiy
July
July
July
June
June
Juiy
June
June
June
June
June

28
30
21
21
4
19
15
1
1
14
15
15
30
30
1
28
28
29
29
29

A ug. 12
June15a
June 25
June 28
July 14
July 15
Juiy 21
June 30
June 28
June IS
June 30
June 15
July 28
June 29
June 10
June 30
June 10
June 20
June 12
A ug. 3
July 5
July 2
July 1
July 15
July

1

July 1
July ]
July 1
July 31
June
J «ly
July
July
June
July
June

29
5
15
15
16
1
30

July 1
July 6
June24a
June 30
June 15
June 25
June 30
June 17
July 15
July 15
June 15
June29a
June 30
June 30

___

June
July
May
Aug.
June

30
15
31
1
28

J u ly 1
June 29
June 30
July 15
July 1
July 1
July 1
July 1

___ _

July 1
June 28
July 14
June 30
June 15
June 29
June 18
July 4
June 20
June 19
June 25
June 30
June20a
July 15
July 1
June 17
June 15

Nam e of Company.
Street Railroads— (Concluded).
Union Traction, Philadelphia___________
United Trac. & E lec.. Providence (quar.)
W ash’ gt’n W ater Power (Spokane) (qu.;
W est End Street, Boston, preferred____
W est Philadelphia Passenger R a ilw a y ..
Banks.
Am erica, Bank o f_______________________
Borough, B rooklyn ________ _ _________
Broadway, Brooklyn______ _____ _______
B ro o k ly n ----------- -------- ------------- --------Butchers’ & D rovers’ , N ational_______
Chase N ational...............................................
Chatham National (quar.) (N o. 146)___
Chemical National (bi-m on th ly)_______
Citizens’ Central N ational_____________
City, National (Brooklyn)______________
Coal & Iron National (q u a r .)----------------Commerce, National Bank of (q u a r.)___
Consolidated N ational.................... ............
East River N ational____________________
Fifth Avenue (qu ar.)__________________
First National (qu ar.)__ _____ _________
First National, Brooklyn (qu ar.)______
Fourth N a tio n a l________________________
Garfield National (qu ar.)_______________
German E xchange. __________________
Ham ilton___________ __________________
H anover National (qu ar.)_____________
Im porters’ & Traders’ N ational________
L iberty National (qu ar.)______________
Manhattan Co. , Bank of the (No. 202 )___
Manufacturers’ N at., Brooklyn (qu ar.).
Market & Fulton National (qu ar.)_____
M echanics’ , Brooklyn (N o. 110)______
Mechanics’ National (qu ar.)___________
Merchants, Exchange N ational_________
Mechanics’ & Traders'__________________
Mercantile N ational__________ _________
Ex tra _________________________ _______
Merchants’ National (N o. 208 )..... ..........
M etropolitan (quar.)__________________
Nassau N at., Brooklyn (quar.) (N o. 88)
New Amsterdam National (qu ar.)-------N ew York County National (N o. 110)____
New Y ork , N. B. A ., Bank o f (N o. 247)
Nineteenth W ard (quar.) (N o. 2 4 )---------North A m erica, N ational Bank of (quar.)
Northern . . ______________ __________
North Side, Brooklyn (N o. 2 6 )_________
Oriental (quar.) (No. 109)_______________
Park, National (qu ar.)_________________
People’s (N o. 112)______________ _______
Prospect Park (Brooklyn) (No. 1)_______
Seaboard N ational____________________
Second N a tio n a l________________________
Twelfth W a rd ____________________ _____
Union E x ch a n g e .........................................
W est Side.......................................................
Trust Companies.
Bankers’ (qu ar.)______ _____ __________
Bow ling Green (qu ar.)_________________
Brooklyn (qu ar.)_________________ _____
Central (qu ar.)_________________________
E m p ir e -------------------- ------------------Equitable (q u a r.)_______________________
Fifth Avenue (qu ar.)______ ___________
Flatbush, B rooklyn.....................................
Franklin (Brooklyn) ( q u a r . ) __________
Fulton (N o. 3 0 )......... ..................... .............
Guaranty (qu ar.)_______________________
Home (B r o o k ly n )_________________ _____
Italian-A m erican_______________________
K n ickerbocker_______ _____ _____ _____
Lincoln (quar.)______ __________________
Long Island L. & Trust, B klyn. (quar.)
Metropolitan (quar.) (No. 4 2 ) . . . ............
Morton (qu ar.)_____________ ___________
Mutual A llia n ce------------------------------------New Y ork (qu ar.)______________________
Standard
___________________________ _
Title Guarantee & Trust (q u a r.)______
Trust Co. of Am er. (quar.) (N o. 2 4 )____
Union (quar.)....... ....................... .................
United States................................................
Van Nordes (quar.) (N o. 9 ) ....................
W ashington (qu ar.)______ _____________
Williamsburg, Brooklyn (qu ar.)_______
JHLaoeilanaous
Aeollan-W eber P ia n o * Pianola,pf. (q u .)
Alabama Steel & Shipbuilding,pf. g u a r..
American Bank N ote ( q u a r . ) ___________
American Beet Sugar, pf. (qu.) (N o. 32)
American Chicle, common (monthly)_____
Common, e x tr a _______________________
Preferred (quar.)___________________ .
Am . Brake Shoe & F d ry ., com . (qu ar.).
Preferred (qu ar.)------------------------------American Can, preferred (qu ar.)-----------Amer. Car & F d y ., com . (quar.) (N o. 19)
Preferred (quar.) (N o. 3 3 )....... .............
American Caramel, pref. (qu ar.)----------American Cement (N o. 16).................. ......

[YOI.. LXXXIY.
Per
Cent.
2X
5
IX
IX
4
$5
13
3
7
334
3
3
4
2X
3
7
134
10
6
2
3
3
25
150/
8
4
334
3
10
5
4
10
5
5
6
3X
2H
6
3
3
5
5
1
3X
1
4
3
3
25
7
234
2
2
3
4
2X
1
4
5
10
3
3
6
5
3
6
6
8
4
5
5
15
3
3
3
4
3X
5
5
2
2
25
3
3
3
3
6
5
4
8
5
4
8
2
12X
25
2
3
2

When
Payable

Books Closed.
D ays Inclusive.

July

I jju n e

July
July
July
July

1 June 12
to
1' Holders of rec
1 June 23
to
1 Holders of rec

£

I 1June 19
July
1 June 26
July
July
1 June 26
1 June 26
July
July
1 June 22
July
1 June 29
July
1 June 22
July
1 June 26
July
1 June 22
July
1 June 26
July
1 Holders
1
July
July
1 June 13
July
1 June 20
July
1 June 21
1 June 26
July
July
1 Holders
July
1 Holders
July
1 Holders
July
1 Holders
July
1 June 26
June 29 June 20
July
1 June 21
July
1 June 20
July
1 June 22
July
1 June 22
July
1 Holders
July
1 Holders
July
1 June 28
July
1 June 22
Juiy
1 June 19
July
1 June 27
July
1 Holders
July
1 June 19
July
1 June 21
July
2 June 21
July
2 June 21
1 June 21
Juiv
July
1 June 25
July
1 June 22
July
1 June 27
July
1 June 28
July 1 June 28
July
1 June 22
June 29 June 21
July
1 June 23
July
1 June 23
July
1 June 21
July
1 June 19
July
1 June 27
July
1 June 27
July
1 June 22
July
1 June 23
July
1 June 23
July
1 June 29
July
1 Holders
July
1 June 25
July
1 June 15
July
1 June 14
1 June 26
July
July
1 June 21
1
July
Juiv
July
July
July
July
June
July
July
June
July
June
July
July
July
June
July
July
July
July
June
July
June
June
June
June
June
July
July
June
July
July

I X June
July
3
50c. June
1 ^ July
July
1
July
1
I X July
June
1
I X June
I X July
July
1
I X July
July
2
July
3
July
1
Juiy
A m e r ic a n E x p r t m -----------------------3
Amerlean Ice Securities (q u a r .).............
I X July
Amer. Iron & Steel M fg., com . (q u a r .)..
I X July
Preferred (quar.) ---------- ------------------I X July
Am erican Locomotive, preferred (q u a r .)..
I X July
July
American Pipe Manufacturing (q u a r ,)..
2
June
American Radiator, com m on (q u a r.)___
1
Am erican Screw (qu ar.)________________
234 June
July
Am erican Seeding Machine, com. (quar.).
1
Preferred (quar.)_____________ ________
XX July
Am erican Sewer Pipe (qu ar.)__________
75c. July
Amer. Shipbuilding, pref. (qu ar.)______
I X July
Amer. Smelt. * R ef., com . (qu.) (N o .15)
2
Juiy
Preferred (quar.) (No. 3 2 )___________
I X July
American Snuff, com m on (qu ar.)______
234 July
Preferred (quar.)_ __________________
I X July
Am«riOM e « * » r R enatas. com m on (quar)
I X July
Prrferrad ( q « a r .) .............................. —
I X July
American Telephone & Telegraph (quar.)
July
2
American T obacco, preferred (quar.) —
134 July
American Type Founders, com . (q u a r.).
1
July
Preferred (quar.)_
_________________
I X July
American W oolen,pref.(qua r.)(N o. 33)I X July
Anaconda Copper M ining (quar.) (N o.27) !$1.75 1July

to

June 30
July I
June 20
July 1
June 15

to
to
to
to
to
to
to
to
to
to
of rec

July
June
June
July
July
June
June
June
June
June
June

to
to
to
to
o f rec.
of rec.
of rec.
of rec.
to
to
to
to
to
to
of rec.
of rec.
to
to
to
to
of rec.
tq
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
of rec.
to
to
to
to
to

June 30
July 1
July 1
June 30
June 29
June 29
June 30
June 29
June 30
June 30
June 30
July 1
June 30
June 30
June 13
June 29
June 30
July 1
June 30
June 30
June 22
June 30
June 30
July
1
July 1
June 30
June 30
June 30
June 30
June 30
June 30
June 30
June 30
July 1
Juiy 1
June 30
July 1
June 30
June 30
June 29
June 30
July 1
June 30
June 22
June 30
June 30
July 1
June 30
July 1

1 Holders of
1 June 23
1 Holders of
I June 19
1 June 23
29 June 25
1 Holders of
1 June 21
29 Holders o f
1 June 25
29 Holders of
15 June 30
8 June 21
1 June 21
29 Holders of
1 Holders of
1 June 6
1 June 6
1 June 22
29 June 22
1 June 21
29 June 25
29 Holders of
29 Holders of
29 June 20
29 June 20
10 Juiy 6
1 June 20
29 June 21
1 June 23
1 Holders of

rec.
to
rec.
to
to
to
rec.
to
rec.
to
rec.
to
to
to
rec.
rec.
to
to
to
to
to
to
rec.
rec.
to
to
to
to
to
to
rec.

to
29 June 21
to
1 June 25
29 Holders of rec.
1 Holders of rec.
to
20 J u ly 16
to
20 July 16
to
1 June 26
29 June 15
to
to
29 June 15
1 June 18
to
1 June 7
to
1 June 7
to
1 June 12
to
23 July 11
to
23 July 11
to
1 Holders of rec.
20 July 11 to
1 Holders of rec.
1 Holders of rec.
22| July 6
to
1 Holders of rec.
29 June 23
to
29 June 20
to
15 Holders o f rec.
151 Holders of rec.
1 Holders of rec.
lolJu ly 4
to
15! June 29
to
1 June 15
to
1 June 16
to
ljJune 16
to
2lJune 2
to
2IJune 2
to
15 June 17
to
1 June 16
to
15! Holders of rec.
lfii Holders of rec.
15 rune 26
to
to
171 July 7

June
July
June
July
June
June
June
July
June
June
June
July
July
July
June
June
July
July
July
June
June
June
June
June
June
June
July
July
June
July
June

1
30
30
1
1
30
30
30
30
30
12

26
1
24
1
3
30
29
1
28
30
29
15
8
1
20
22
1
1
1
30
30
30
24
21
30
30
9
1
30
1
20

June 30
July 1
June 28
June 22
July 21
July 21
July 1
June 30
June 30
July l
July 1
July 1
July 1
July 23
July 23
June 15
July 21
June22a
June22a
July 21
June 15
June 29
June 30
June 29
June 29
June 20
July 15
July 15
July 1
July 1
July 1
July 2
July 2
June 29
July 1
July 10
July 10
July 15
July 15

Name of Company.

Per
Cent.

When
Payable.

Miscellaneous (Concluded).
Associated Merchants, first pre}. (q m r .) .
I K July
July
K
First preferred (extra) . . ...........................
Second preferred ( g u a r .) ... .....................
1 K July
July
Second preferred (extra) . -------------------K
Bell Telephone of Phila. (qu ar.)..............
IK Ju’y
Bliss (E. W .) Co., common (quar.)_____
2 K July
Preferred (q m r .)_____ ____________ —
2 K July
Canton Company________________________ $1.25 July
Celluloid Com pany (qu ar.)--------------------I K July
Central Coal & Coke, com m on (q u a r .)..
I K July
Preferred (qu ar.)___________ _____ —
I K July
Central Leather. preferred (qu ar.)............
1K July
Central & South American Tcleg. (quar.). i I K iJuly
July
Chle. June. Rys.& U. Stk. Yds.,com (qu.)
2
Preferred (qu ar.)------------------------------I K July
Chicago Pneumatic Tool (quar.)---------------1 IJuly
2 K June
Chicago Telephone (qu ar.)-------------------July
Claflin ( H .B .) C o., common (quar.)..........
2
Columbu* Gas & Fuel. pref. (qu ar.)-----I K July
July
Columbus (Ga.) Elec. Co., pref. (No. 2 ).
3
Colu’ bu* & H ock.Coal & Iron, new pref. - I K July
Aug.
Consolidated Car H eating-------------------IK
Corn Prod. Refining, pref. (qu ar.)_____
1
July
Crucible Steel, pref. (quar.) (N o. 1 9 )-.
I K June
Cumberland Tel. & Tel. (quar.) (N o. 95)
I K July
July
Denver Gah & Electric (m on th ly)______
K
Distillers’ Secur. Corp., pf. (qu.) (No. 19)
I K July
Distilling Co. of America, pref. (q u a r .)...
I K July
July
Dominion Coal, L td., com m on ( q u a r .)..
1
Duluth Edison E lec.,pf.(qu a r.)(N o. 5 ) .
I K July
du Pont Internat. Powder, pref. (q u a r .).
I K July
Eastman K odak, com m on (quar.)_____
2 K July
Preferred (qu ar.)------------------------------I K July
Edison Elec. III., Boston (quar.)_________
2 K Aug.
Aug.
E x tr a ________________________________
1
J\Uy
Electric Boat, preferred (qu ar.)..... ...........
2
Elect. Storage Battery, com .& pf. (qu .)
I K July
July
Em pire Steel & Iron, pref. (N o. 17)____
3
Evansville Light, preferred (quar.)____
I K July
General Chemical, pref. (quar.)_________
I K July
July
General Electric (quar.)________________
2
Great Lakes Towing, preferred (quar.). .
1 K July
Great Western Cereal, preferred (quar.)
2 IJuly
Guggenheim Exploration (quar.) (N o .18)
2 K July
Hudson R iver Telephone (qu ar.)______
1
July
July
Ingersoll-Rand, preferred..........................
3
July
Int. Buttonhole Sew. Mach. (qu.) (N o. 39)
I
International Nickel, preferred (q u a r .)..
I K Aug.
International Paper, pref. (qu ar.)______
I K July
International Silver, preferred (q u a r .)..
I K [July
Internat.SmokelessPow. &Chem.com. (qu)
A
%
June
July
Mackay Companies, com m on (qu ar.)___
1
July
Preferred (qu ar.)____________________
1
July
Manning, Maxwell & Moore, Inc. (qu.)
IK
Maryland Coal, preferred_______________
2 K June
Preferred, extra........................................
I K June
Massachusetts Gas’ Companies, common! 1
Aug.
July
Massachusetts Lighting Cos. (qu ar.)____i I K
Mergenthaler Linotype (qu ar.)................j 2 K
June
M exican Telegraph (quar.)......... ...............
2 K July
July
Michigan Light, com m on (quar.)............;
1
I K July
Preferred (qu ar.)____________________ j
I K July
National Btaenit, com m on (quar.)______ j
July
1
National Carbon, common (quar.)______ |
National Enaro. & Stam p, prof. (quar.)
I K July
National Fire Proofing, pref. (quar.)____j
1
July
National Lead, com m on (quar.) (No.14)
I K July
National Licorice, preferred (qu ar.)____| I K June
National Sugar Refining, pref. (q u a r .)..!
I K July
New Y ork Air Brake (qu ar.)_____ _____ |
2 iJuly
July
3
New York Mutual Gas Light____________ !
N ew York & New JerseyTel.(qu.)(No. 95)
1M July
Nova Scotia Steel & Coal, common (quar.)
I K July
July
Preferred (quar.)_____________________ I
2
July
O ld D ominion S. S. (No. 63).....................1
3
Osceola Consolidated M in in g____________ j
$7 July
Otis Elevator, preferred (q u a r.)_________| I K July
Peoria Light, preferred (qu ar.)..............
I K July
Pittsburgh Plate Glass, com m on (quar.)
I K ;June
P roctor & Gamble, preferred ( q u a r .)...:
2 'July
Quaker Oats, com m on (qu ar.)..................
I K July
July
C om m on ( e x t r a ) ------------------------------;
K
July
Recce Buttonhole Mach. (qm r.) (N o. 8 5 ).
2
Republic Iron & Steel, preferred (quar.)
1U Jaly
Preferred (e x t r a )------------------------------2d. July
R hode Isl. Perkins Horseshoe, pf. (qu .)
I K July
Preferred (extra)....... ......................... K
July
Royal Baking Powder, preferred (quar.)
I K June
Safety Car Heating & Lighting (quar.) „ I
2
July
Extra _____ _______________ __________
2
July
Sears, Roebuck A C o ., preferred (qu ar.).
I K July
Securities Com pany________ _____ _____
2 K July
Standard Coupler, com m on____________
2K June
Preferred_____ _______________________
4
June
June
Standard Gas Light, New York, pref____
3
Stetson (J. B .) Co., common____________
10 July
July
P referred --------------------------------- ---------4
July
Street's West. Stable Car Line, com. (q u .).
K
3 K July
Preferred-................ ..................... ............
Swift * Com pany (quar.) ...........................
I K July
Tamarack M ining l --------------------------------- 1 $4 July
Teftt, Weller & Co., preferred (q u a r .)..; I K July
July
Temple Iron .............................................. ......! 3
Tennessee Coal, Iron & R R ., com. (quar.)\ 1
Aug.
Aug.
Preferred (quar.)--------------------------------- j 2
Texas & Pacific Coal (qu ar.)-------------------1 m
June
Torrington Company, preferred..............! 3 K
July
July
Union Bag & Paper, pref. (qu.) (No. 33)
1
Union Ferry (qu ar.)----------- ------------------K July
UnionSwitch&Signal, com .& pf. (quar.)
3
;July
United Bank N ote Corp.. pref. (q u a r .)..
I K July
,July
United Fruit (quar.) (No. 3 2 ) . ......... ........
2
United Gas Im provement (quar.)----------! 2
July
United Shoe Machinery, com . (q u a r .)..; 2
July
Common ( e x t r a )..--------------------------- 2 5 stk
Preferred (quar.).....................................
IK
Vnited Stales Finishing, pref. (quar.)-----IK
United States Leather, preferred (quar.)
IK
United States M ortgage &. Trust--------------- 1 10
U .8 . R ed. A Relft., pref. (qu ar.)(N o. 16)
IK
U .S .S m el.,R ef.& M !n.,com .& pf., (quar.)i I K
U .S .8 t « e lC o r p ., oom . (quar.) (N o. 14).
K
United States Telephone, common (quar.) .
K
Preferred (quar.)____________ _____ ___ I 1H
Virginla-Caro. Chem., pf. (qu.) (N o. 47)
Vulcan Detinning, preferred (quar.)____
W altham W atch, com m on_____________
W aterbury Co. o f W est Virginia (qu ar.).
W aterbury Co. of New Jersey, com . (qu.)
Preferred (qu ar.).............. ............ ..........
W ells, Fargo & C o . . . ..............
.....
Western Union Teleg. (quar.) (N o. 155).
Westlnghouse Air Brake (qu ar.)_______
E x t r a .................... .......... .........................
Westlnghouse El. & M fg., all stocks(qu.)
Westlnghouse Machine (quar.) (N o. 47).
W hite (J.G .) & Co., Inc., pref. (q u a r .)..

Books Closed
D ays Inclusive.

to
15 July 3
to
15 July 3
to
15 J u ly 3
to
15 July 3
15 July
6
to
1
1
1
1 Holders of rec.
15 Holders of rec.
15 Holders of rec.
T Holders of rec.
to
10 June 30
liJune 13
to
1 June 13
to
25'J u ly 16
to
29 June 27
to
15! July 4
to
1 Holders of rec.
1 Holders of rec.
l! June 21
to
1 July 17
to
10iJune 29
to
to
29 June 20
to
1 June 20
1 Holders of ree.
to
27 July 7
to
15 July 4
to
2 June 22
1 Holders of rec.
to
1 June 21
to
1 June 1
to
1 June 1
1 Holders of rec.
1 Holders of rec.
to
1 June 21
1 Holders of rec.
to
1 June 22
1 Holders of rec.
to
1 June 22
15 Holders of rec.
to
1 June 16

June 14
June 30
June 30
June 10
July 10
July 1
July 1
July 25
June 30
July 15
June 15
June 20
July 1
July 31
July 9
June 29
July 1
June 20
July 28
July 15
July 1
June22a
June 30
June 1h
June 16
July 15
July 15
June 30
June 25
July 1
June 8a
July 1
Junel5a
July 1

1
15
1
15
1
1
1

June 16
to
July 6
to
June 13
to
Holders of rec.
July 11
to
June 16
to
June 18
to

July 1
July 14
July 1
July 5
A u g. 1
June 30
July 1

1 June 17
to
1 June 17
to
1 Holders of rec.
29 June 16
to
29: June 16
to
1 July 16
to
15jJuly 16
to
29;June 16
to
17!June 30
to
1 Holders o f rec.
1 Holders of rec
15 Tune 29
to
15 July 6
to
i;June 11
to
15 Holders of rec.
1 June 15
to
29 June 25
to
1 June 21
to
22 July 4
to
10 June 26
to
15 Holders o f rec.
1 5 -----------------------15!------------- ---------1 June 21
to
29 Holders o f rec.
15 Holders of rec.
1 Holders of rec.
29 Holders of rec.
15iHolders o f rec.
15 Holders o f rec
15 Holders o f ree.
15 Holders o f rec.
l.Ju ne 11
to
1 June 11
to
15; Holders of rec.
151Holders of rec.
29 Holders of rec.
1 Holders o f rec.
1 Holders o f rec.
1 June 16
to
15jJune 30
to
29 June 25
to
29 June 25
to
2 9 J u n e 23
to
15 Holders of rec.
15 Holders of rec.
25|July 16
to
1 June 21
to
1 June 16
to
23 July 4
to
l June 22
to
1 _______
liJ u ly 12
to
1 iJuly 12
to
29;June 21
to
1 Holders of rec.
15!June 30
to
1 June 21
to
10| July 1
to
to
1 June 18
15 Holders of rec.
15 Holders o t rec.
15 Holders of rec.
Holders of rec.
15 Holders of rec.
to
1 June 21
1 Holders of ree.
29 Holders of rec.
to
1 Tone 21
15 Holders of rec.
I lune 13
to
1 Holders of rec.
10 Holders of rec.
15 June 23
to
to
20 July 11
1 Holders of rec
to
1 lune 21
to
1 Tune 21
1 Tune 21
to
to
151 July 6
15 June 21
to
10 July 1
to
10 July 1
to
10 June 29
to
10 July 1
to
1 Holders of rec.

June 29
June 29
July 1
June 30
June 30
Aug I
Aug. 1
June 30
July 16
J une20a
J une20a
July 15
July 15
July
1
July 1
July 1
June 30
July 1
July 21
July 10
July 5

29_______

July
July
July
July
July

15
15
15
15
15

June 30
July 6
June 29
June18a
Ju n e 20
June2fla
July 5
July 6
July 5
July 1
July 1
July 1
July
1
June 15
June 14
Jane 14
July 1
July 15
June 30
June 30
June 30
July 9
July 9
July 25
July 1
July 1
July 14
July 17
A ug. 1
Aug. 1
June 30
June 19
July l l «
July 1
July 10
July
I
June 26
June 29
June 20
June 29
June 29
June 30
June 10
June 27
J*ue 30
June 25
July
1
June 20
July 1
Julv 17
July 21
June lo
June 30
June 30
June 30
July 15
June 30
JUI7 10
July 10
July 10
July 10
May 31

a Transfer books not closed.
On account of accumulated dlvklands and being
remainder of such dividends unpaid. « Correction,
f From earnings of year 1906.
g Payable in collateral trust bonds




1529

THE CHRONICLE.

J u n e 29 1907.]

Breadstuffs Figures Brought from Page 1562.— The state­
ments below are prepared b y us from figures collected b y
the New Y ork Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1 for each of the last three years have been:
Receipts at—

C om .

Wheat.

Flour.

Barley.

Oats.

R ye.

bbls.im bs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bustiASlbs. bu. 56 lbs.
4,210,700
124,300
32,000
C h ica g o ____
189.000
150,539
1,111,088
175,200
138.000
231.000
10,800
58,850
153,600
M ilw aukee..
D ulu th_____
375,536
33,141
100,000
8,151
43,007
2,885
14,220
1,586,002
131,680
178 200
60,620
Minneapolis.
22,000
214.000
65,000
5,300
D etroit_____
8,400
65,046
39,226
" 2:860
7QO
150,040
Cleveland___
124,030
1,071
” 2’,606
St. Louis___
942,095
656.000
~ 2 ,171
59,890
166,308
P e o r ia _____
366,200
204.000
14,000
3,000
8,100
13,350
189.000
Kansas C ity.
359.000
T ot.w k .’07
Same wk. ’06
Same wk. ’05

2,853,139
1,720.632
1,410,458

386,500
374,093
319,463

6,481,902
5,152,187
4,207,205

2,685,361
3,720,774
2,727,219

70,376
54,716
29,828

409,861
726,286
559,202

Since Aug. 1
1906-07— 19,013.209 223,791,017 199,040,432 186,262,607 64,973,252 592,450
1 9 0 5 -0 6 ... 18,560,354 211,606,761 175,821,743 207,778,863 73,262,651 7,430,494
1904-05— - 15,511,261 194,313,320 171,707,230 151,141,311 63,474,414 6,473,911

Total receipts of flour and grain at the seaboard ports for
the week ended June 22 1907 follow :
Receipts at—
New Y o r k _________
B o s t o n . . ......... ......
P h iladelph ia..........
Baltim ore_________
R ic h m o n d -----------Newport News____
New O rleans.a___
G alveston_________
N orfolk....................
M ontreal__________
M obile____________
Total w eek..........
W eek 1 90 6.............

Flour,
bbls.
114,742
27,345
68,108
56,291
2,500
5,356
13,281
______
6,382
38,876
1,100
333,981
262,052

W heat,
bush.
396,400
314,004
175,789
16,329
85,300

C om ,
bush.
306,375
59,490
185,809
452,493
100,914

Oats,
bush.
466.500
79,095
6S.005
35,080
135,928

Barley,
bush.
58,700

8 l‘,666
5,000

126.500

29,000
561,467

189,571

234,836

3,332

1,578,289
570,398

1,380,652
877,914

1,145,944
1,071,724

63,032
65.175

R ye,
bush
223,275

Y,666
1,303

224,578
3,310

a Receipts do not include grain passing through N ew Orleans fo r foreign ports
on through bills of lading.

Total receipts at ports from Jan. 1 to June 22 com pare as
follow s for four years:
1907.
9,374,076

1906.
7,832,166

1905.
4,909,089

1904.
8,334,887

W heat............................... bu sh . 41,285,588
Corn............................................... 55,993,607
O a ts............... ............ - ............... 26,803,713
Barley ............................... ........
2,607,578
R y e ...............................................
1,200,893

36,365,824
65,557,916
40,295,863
7,142,231
825,169

10,567,197
5S,949,613
22,552,076
3,882,693
193,342

21,020,878
29,979,450
20,125,518
1,773,944
508,498

Receipts of—
F lo u r ..................................bbls

Total gra in ................. ....... .127,891.379

150,187,003

96,144,921

73,478,288

The exports from the several seaboard ports for the week
are shown in the annexed statement:
inding June f ~
Wheat,
bush.
559,047
403,000
174,902

Exports from—

B altim ore_______
N orfolk__________
N ewport News___
New O rleans____
M obile....................

___

Flour,
bbls.
76,034
13,800
32,057
30,181
6,382
5,356
4,498
2,909
31,125
1,100

363,867
............

991,850 203,442
883,231 202,440

534,838
529,493

C om ,
bush.
444,097
50,645
86,664
143,327

_ ___

22,136
24,000
588,642
............
,771,727
,603.541

15,690
5,000
228,913
17,514

Oats,
bush.
154,953

R ye, Barley,
bush.
bush.

___
15,142
___
___
876
___

-------90,366

64,879
30,395

P eas*
bush.
4,695

4,695
2.916

The destination of these exports for the week and since
July 1 1906 is as below:
-----------Flour------------------------ Wheat--------------------------- CornSince
Since
Since
W eek
July 1
W eek
July 1
W eek
J uly 1
Exports for week'and June 22.
1906. June 22.
1906. June 22.
1906.
bbls.
bush.
bush.
bush.
since July 1 to—
bbls.
bush.
United K in g d o m ...113,338 5,988,773 1,026,509 47,602,386 365,679 31,720,371
741,762 42,892,982 565,779 38,086,056
Continent__________ 40,209 2,585,777
814,463
So. & Cent. A m er_. 13,838
" ‘
5,456
463,306
2,440
890,060
1,482,713
W est Indies_______ 30,215
---------18,265 57,952
2,334,865
92,970
...........
8,000 ............
Brit. N o. Amer. Cols 5,413
82,284
Other countries____
429
211,560
............
397,298 ............
248,147
T o t a l..................... 203,442 11,176,256 1,771,727 91,382,238 991,850 73,361,783
Total 1905-06............191,738 10,695,468
831,818 56,518,325 386,948 109,805,211

The visible supply of grain, comprising the stocks in gran­
ary at the principal points of accum ulation at lake and sea­
board ports June 22 1907, was as follows:
Wheat,
bush.
New Y o r k ........................ 1,483,000
afloat_______
______
B o s t o n ________________
216,000
P h iladelph ia..................
535,000
Baltim ore_____________
191,000
New O rlean s__________
38,000
G alveston_____________
667,000
M ontreal______________
672,000
T o r o n t o _______________
______
B u ffa lo............................. 1,659,000
afloat_______
_____ l
T o l e d o .............................
450,000
364.000
D e tr o it.............................
Chicago________________ 9,261.000
Milwaukee____________
193,000
F ort W illiam .................. 3,675,000
Port Arthur___________ 4,748.000
D u lu th ________________ 5,266.000
M inneapolis___________ 12,133,000
St. L o u is ......................... 1,228,000
Kansas City.................... 2,394,000
Peoria___________ _____
216,000
Indianapolis......... ..........
83,000
On Mississippi R iv e r___
______
On L a k es......................... 1,040.000
On Canal and R i v e r ...
497,000
Total
Total
Total
Total
Total
E T ota l

June 22
June 15
June 23
June 24
June 25
June 27

1907.-47,009,000
1907.-48,015,000
1906.-26,909,000
1905.-15,388,000
1904.-14,652,000
1 9 0 3-1 7,45 9,0 00

C om ,
bush.
358.000

Oats,
bush.
1.587.000

182',000
132.000
849.000
133.000
21,000
74,000

33’ ,000
108,000
219.000
141.000

467,666

114",000
4,000
1.723.000

477.000
273.000
682.000
253,000

117’,666
26,000
2.304.000
151.000

8,000
86,000
497.000
586.000
187.000
227.000

355.000
614.000
100.000
71.000
396.000
49.000

1.430',000
25,000

125‘,666
249.000

6.947.000
6.639.000
4.692.000
2.908.000
5.434.000
5.967.000

8.489.000
8.937.000
6.805.000
6.850.000
4.777.000
4.555.000

R ye,
bush.
167,000

Barley,
bush.
30,000

2,000

56,000

” 6,066

53,606

’ T566
9,000
318,000

12.000
30.000
3,000

62,000
43,000
199.000
147.000
15,000

'"8’,666
117.000
562.000
461.000
1,448,000
837.000
834.000
706.000

722.000
798.000
872.000
873.000
1.212,000
515.000

THE CHRONICLE.

1530

Statement of New York City Clearing-House Banks.—
The follow ing statem ent shows the condition of the New
Y ork City Clearing-House banks for the w eek ending June 22.
I t should be distinctly understood th a t as to all items
except capital and surplus the figures are the averages of the
daily results, n ot the totals at the end of the week. In
other words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre­
gate of the amounts for the several days of the week and
divide this aggregate by the num ber of days.
W e omit two civ hers (00) in all cases.

i
Banks
00s omitted.
B ask of N . Y . .
Manhattan C o.
Merchants’ ____
M echanics’ ____
A m e r ic a ______
P h en ix________
C it y ___________
Chemical______
M erchants’ E x .
Gallatin_______
B u tch .& D rover
M ech.& Traders
G re e n w ic h -----Am erican Exch.
Com m erce_____
M erca n tile____
Pacific _______
Chatham ___
People’s ______
N orth Am erica.
H anover _____
Citizens’ C e n t..
N a ss a u _______
Market & Fulton
M etropolitan __
Corn Exchange.
O rie n ta l______
Im p. & Traders’
Park . _______
East R iv er____
F ou rth..... ..........
Second________
F i r s t ................
Irving Nat. E x .
B o w e r y _______
N . Y . C o u n ty ..
G erm an -A m er.
Chase__________
F ifth A v e n u e ..
German E x c h ..
G erm an ia_____
L in c o ln _____ __
Garfield_______
F i f t h __________
M etrop olis____
W est Side
Seaboard............
FirstNat-.Bklyn
l i b e r t y _______
N . Y . Prod. E x.
NewAmsterdam
S t a t e __________
14th Street____

Capital.

Stir plus.

$
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
3,000,0
600,0
1,000,0
300,0
2,000,0
500,0
5,000,0
25,000,0
3,000,0
500,0
450,0
200,0
2,000,0
3,000,0
2,550,0
500,0
1,000,0
2,000,0
3,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
500,0
10,000,0
2,000,0
250,0
200,0
750,0
5,000,0
100,0
200,0
200,0
500,0
1,000,0
250,0
1,000,0
200,0
1,000,0
300,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0

$
3,039,9
3,001,1
1,607,1
3,627,3
4,238,1
454,5
22,276,0
5,400,1
524,8
2,394,5
161,6
950,3
684,2
4,765,2
14,947,8
5,099,3
801,5
1,038,9
475,5
2,240,0
8,521,3
1,045,0
357,8
1,561,4
951,3
4,989,5
1,212,7
7,276,6
8,645,2
128,1
3,307,5
1,964,7
19,749,5
1,080,1
770,2
859,2
630,3
4,827,0
1,940,8
852,0
944,2
1,536,8
1,342,7
460,5
1,700,0
808,9
1,413,3
695,8
2,317,0
616,1
269,9
780,2
437,3

Loans.
$
17,848,0
28,700,0
15,419,0
21,582,0
22,346,9
8,118,0
161,880,6
25,137,7
6,186,0
8,184,3
2,154,9
16,467,0
6,076,5
27,917.9
144,584,0
20,137,4
3,331,7
5,804,7
1,941,4
16,000,0
56,598,1
20,260,4
3,633,1
7,544,2
11,033,6
39,158,0
10,091,0
25,353,7
78,296,0
1,365,8
20,022,0
9,713,0
89,362,4
16,230,1
3,192,0
5,041,6
3,675,8
51,986,9
9,920,3
3,573,1
4,934,9
12,852,3
7,626,3
3,020,8
10,200,2
4,011,0
16,783,0
4,524,0
12,932,5
6,484,5
4,685,8
13,211,0
7,217,4

Specie.

Lcgals. D eponts. a Res’ rve

$
2,442,0
.6,500,0
3,674,0
3,251,0
3,641,3
1,821,0
34,403,3
4,666,0
1,305,3
813,6
551,1
3,336,0
1,123,4
3,569,1
20,923,8
3,750,4
393,1
492,4
478,7
2,702,9
9,789,3
3,049,1
266,8
1,477,7
2,649,5
6,207,0
1,963,6
3,702,0
17,476,0
271,8
3,033,0
1,091,0
17,109,5
3,300,0
735,0
1,133,1
806,7
13,615,1
1,857,4
220.0
762,0
597,8
1,698,0
588,0
861,4
529,0
3,314,0
543,0
2,437,1
1,422,5
1,004,9
3,733,0
1,207,8

S
$
%
16,154,0 27.1
1,946,0
33,400,0 26.3
2,300,0
17,797,0 26.5
1,043,0
21,224,0 25.2
2,105,0
23,363,1 25.1
2,233,2
7,505,0 25.6
106,0
2,100,0 141,710,8 25.7
1,779,5
24,071,0 26.7
6,390,1 23.0
165,3
598,9
5,541,6 25.4
74,6
2,413,3 25.9
19,252,0 25.6
1,601,0
6,506,3 22.6
350,0
1,100,2
20,305,3 23.0
9,791,5 122,019,9 25.1
812,0
15,923,3 28.6
483,0
3,783,0 23.1
5,766,0 26.2
1,018,5
2,624,0 33.3
397,9
1,441,2
15,627,5 26.5
6.821,2
64,555,7 25.6
1,974,4
19,450,7 25-8
4,100,0 21.1
601,5
632,8
7,371,7 28.0
169,0
11,265,6 25.0
44,926,0 24.8
4,969,0
411,3
10,477.8 22.6
1,476,0
21,676,0 23.8
5,829,0
89,469,0 26.0
164,7
1,625,6 26.8
19,992,0 25.6
2,085,0
1,379,0
9,216,0 26.8
1,455,7
74,099,2 25.0
797,7
15,978,9 25.6
3,550,0 22.9
79,0
6,434,9 26.4
566,5
178,0
3,493,8 28.1
1,093,0
56,751,9 25.9
939,9
10,510,9 26.6
825,0
4,301,1 24.3
677,9
5,955,8 24.1
2,580,0
13,408,2 23.7
322,8
7,922,7 25.5
192,8
3,091,3 2 5 2
1,870,1
10,333,2 26.4
549,0
4,354,0 24.7
1,639,0
19,307,0 25-6
314,0
4,083,0 21.0
564,3
11,307,1 26.5
415,4
7,480,4 24.5
389,5
5,579,9 25.0
212,0
15,891,0 24.8
460,3
7,644,4 21.8

T otals______ 129,100,0 161,720,6 1134,352,8 208,290,5 74,081,6 1106,982,0 25.5
a
a Total United States deposits included, $31,734,900.

Reports of Non-Member Banks.— The follow ing is the
statem ent of condition of the non-m em ber banks for the
week ending June 22, based on average daily results.
Bi

'

Banks.

N. Y . C ity.
Boroughs of
M an.& B r’x.
W ash. H ’g ’ ts
C e n tu ry ____
Chelsea Exch
C olon ia l____
Columbia . .
Consol. N at.
F id e lit y -----H am ilton ___
Jefferson____
M t. M orris. .
M utual_____
19th W a r d ..
P l a z a ______
R iv ersid e ___
12th W a r d ..
23rd W a r d ..
Union E x ch .
Y orkville . . .
Coal& I. Nat.
34th St. N at.
Batt.Pk.N at.
Borough of
Brooklyn.
B orough . . .
Broadw ay . .
B rooklyn . . .
Mfrs.’ Nat . .
M echanics’ . .
Nassau N at.
National City
North S id e ..
Jersey City.
First N a t ___
H ud. Co.Nat.
Third N a t .. .
H oboken.
First N a t ___
Second Nat .
M
T ot. June 2 2 .
T ot. June 15T ot. June 8 .

M

JTVc omit two ciphers (00) in all cases. 8

Capital.

Sur­
plus.

$
$
177,4
100,0
200,0
149,6
114,0
100,0
447,4
100,0
482,4
300,0
1,000,0 1,137,2
200,0
147,5
200,0
282,3
683,8
500,0
250,0
218,8!
295,0
200,0
300,0
484,5
363,6
100,0
102,4
100,0
200,0
221,7
180,6
100,0
750,0
882,8
397,9
100,0
590,9
500.0
208,2
200,0
200,0
124,3
200,0
150,0
300,0
252,0
1,000,0
750,0
300,0
100,0

Loans
and
Invest­
ments.

$
1,022,0
1,308,1
1,315,4
4,366,1
6,229,0
5,862,0
1.010,9
5,156,9
4,361,6
2,558,4
3,428,8
4,420,8
3,922,0
2,208,5
2,640,0
1,708,9
8,371,4
3,479,4
5,142,0
1,286,9
885,7

169,1 3,453,3
421,0 2.776,0
123,4 1,982,5
727,3 4,635,4
993,3 11,814,4
945,6 6,097,0
637,0 3,314,0
217,6 1,672,3

Specie

Legal | Depos it icith
Tender
and 1 Clear­
Other
Net
Bank
ing
Banks, Deposits.
&c.
Notes.
Agent.

$
14,9
31,5
100,2
102,1
277,0
644,0
9,1
337,2
9,4
135,6!
18,9
39,4
223,0
20,3
42,0
67,0
430,5
42,5
941,0
257,3
140,5

$
38,4
62,4
71,9
359,9
246,0
85,0
68,7
275,9
301,6
104,8
244,6
324,8
234,0
140,4
231,0
161,6
226,0
385,1
102,0
7,3
44,3

%
74,0
72,1
133,6
483,2
458,0
204,0
101,7
311,3
300,6
331,9
261,7
472,6
433,0
87,7
145,0
157,2
645,7
197,8
549,0
116,6
58,2

$
____
19,2
110,2
188,2
____
220,0
____
743,6
148,4
58,5
3,5
100,0

42,1
12,2
138,8
439,4
233,4
228,0
132,0
25,0

208,7
170,7
69,3
103,9
814,4
483,0
443,0
118.0

171,9
223,9
281,2
687,0
1,051,9
918,0
607,0
62,0

158,3 3,753,1
46,8 2,842,2
34,7 2,254,2
229,0 5,014,7
127,4 13.716,8
____ 5,698,0
129,0 4,011,0
271,8 1,911,0

128,8
____
74,2
___
183,9
60,0
9,0
____

$
865,6
1,492,1
1,617,5
5,021,3
6,525,0
4,463,0
973,9
6,371,6
4,319,2
3,049,5
3,467,9
4,774,5
4,322,0
2,340,7
3,084,0
2,017.1
8,042,9
4,147,8
5,183,0
1,320,2
757,8

400,0 1,192,2
719,2
250,0
338,7
200.0

4,290,1
2,622,2
1,852,6

164,1
92,6
49,5

267,1
65,6
103,2

1,773,1
170,9
492,1

329,0
165,8
26,1

5,252,3
2,090,5
2,155,8

581,5
202,1

2,277,8
1,820,6

118,6
58,0

21,1
55,8

159,7
89,8

74,8
76,0

1,872,5
1,813,0

220,0
125,0

9,947,0 14960,3 119293,0 5,617,1 6,639,5 12,283,4 3,716,2 126541,7
9,947,0 14960,3 119706,8 5.739,1 6,879,4 14,400,2 3,740,7 129179,9
9,947,0 14581,5 118872,1 5,662,1 6,727,5 15,727,5 4,135,0 129578.4




[V o l .

l x x x iv .

New York City, Boston and Philadelphia Banks.— Below
is a summary of the weekly returns of the Clearing-House
banks of New Y ork City, Boston and Philadelphia. The New
Y ork figures do n ot include results for non-m ember banks:
W e omit two ciphers (00) In all these figures.
Capital
and
Surplus.

Banks.
New York
M ay 2 5 -June l - _
June 8 - .
J u n e 1 5 ..
June 2 2 . .
B oston.
June 1__
June 8 . .
June 1 5 ..
June 2 2 ..
Phila.
June 1 - .
June 8 - .
June 1 5 ..
June 2 2 ..

i\ Specie.
0
•

Loans.

Legal s. Deposits, a

$
$
%
289,514,5:1126,389,5|221,189,6
290,094,1! 1139,931,1 i221,928,0
290,094,11141,445,41213,574,2
290,820,6 1139,755,9| 210,056,2
290,820,6 1134,352,8:208,290,5
43,680,0
43,680,01
43,680,0
43,680,0

189,323,0|
187,091,0!
186,320,0
187,865,0

51,165,0
51,165,0
51,165,0
51,165,0

226,649,01
226,703,0!
225,765,0!
224,670,0 ;

16,641,0
16,475,0
17,648,0
17,841,0

$
72,659,4
72,903,1
72,191,7
73,026,5
74,081,6

Circu­
lation.

Clearings.

$
$
1112,640,5 50,659.6
1128,194,6 50,628,9
1119,141,5 50,565,9
1114,272,3150,477,4
1106,982,0 50,434,6

$
1,656,086,1
1,386,695,3
1,635,016,9
1,478,712,6
1,441,629,8

213,387,0
215,782,0
217,165,0
214,461,0

8)490,0
8,414,0
8,239,0
8,209,0

117,161,8
168.192,3
160,734,0
141,582,6

266,117.0
261,442,0
261,675,0
261,935,0

14,055,0
14,070,0
14,103,0
14,104,0

136,154,1
148,548,8
136,902,4
142,357,8

4,123,0
4,343,0
4,545,0
4,572,0

60,019,0
58,127,0
58,291,0
59,548.0

a Including for Boston and Philadelphia the item "d u e to other banks” and
also Government deposits. For Boston these Government deposits am ounted
on June 22 to $4,594,000; on June 15 to $4,583,000.

Imports and Exports for the W eek.— The following are
the im ports at New Y ork for the week ending June 22, also
totals since the beginning of the first week in January:
F O R E IG N IM PO RTS A T N E W Y O R K .
For week.

1906.

1907.

$2,247,943
12,289,662

$2,000,519
8,995,988

$2,013,755
9,471,510

$17,790,392

$14,537,605

$10,996,507

$11,485,265

$91,952,479
341,500,590

$78,641,557
289,766,660

$67,813,141
277,527,219

$57,744,034
236,280,010

General Merchandise_______
T o t a l ____________________
Since January 1.

1904.

1905.

$3,011,834
14,778,558

433,453,069 $368,408,217 $345,340,360 $294,024,044

The follow ing is a statement of the exports (exclusive of
specie) from the port of New Y ork to foreign ports for the
week ending June 22 and from Jan. 1 to date.
E X P O R T S FR O M N E W V O R K FO R T H E W E E K .
1906.

1907.
$11,992,783
288,959.655

$12,687,068
294,235,846

1905.

1904.

$11,437,923
246,054,871

$8,605,653
225.411,424

$300,952,438 $306,922,914 $257,492,794 $234,017,077

The follow ing table shows the exports and im ports of
specie at the port of New Y ork for the week ending June 22
and since Jan. 1 1907, and for the corresponding periods in
1906 and 1905:
E X P O R T S IA N D IM PO RTS O F SPECIE A T N E W Y O R K .
Imports.

Exports.

Great B r it a in _____
France ___________
Germany ________
W est Indies_______
M exico ___________
South Am erica____
All other countries.

W eek.

,SinceJan.l\

$5,997,038

$4,845,085
12,035,007

175,000

" 412,555
7.000]
1,685,711

Total 1907.......................................... $6,172,038 $18,985,358
Total 1906......... ................................
11,000
5,601,922
Total 1905..........................................
403,800 33,292,946
Silver.
Great Britain_______
France _____________
Germany ___________
W est Indies_________
M exico _____________
South Am erica______
All other c o u n trie s ...

$640,144 $18,662,809
217,000! 1,360,000
................ I
6,555
106,554
600
4,786
$857,144 [$20,141,304
890,737! 26,978,809
672,201 15.582.002

Total 1907.
Total 1906.
Total 1905.

Of the above im ports
American gold coin and
the exports during the
gold coin a n d --------were

W eek.

]S in c e J a n .l

$2,540,353
331.087
1,155,297
159,309
$3,027
102,601
4,550i
1,358.781
48,628
196,998
4,958
$61,163
104.387
482,957

$5,844,426
44.812,965
5.912,541
$2,259

231
13,790
42.420
1,730

158
59,847
465,467
458,226
10,322

$58.1711
$996,279
75,535! 1,187,961
76.9561 1,706.225

for the week in 1907, $260 were
$1,730 American silver coin. Of
same time _____ were American
American silver coin.

iUtnHlng aucl ffimmciaL
W e sh a ll b e p le a s e d t o m a il in v e sto rs c o p ie s o f o u r 10-p a g e
o iro u la r d e s c rib in g 5 T S h o r t - T e r m
N o te s a n d C o lla t e r a l
T ru st B on d s.

Spencer Trask & Co..
Branch Office, Albany,N.Y. W illiam and Pine Sts., New York.

M

o

f

f

a

t

&

W

M em b ers N ew Y o r k S tock
t N ASSAU ST R E E T.

h i t e
E x ch a n ge,

H A N O V E R B A N K B U IL D IN G

D e a le r s In In v e s t m e n t S e c u ritie s .

COMMISSION ORDERS EXECUTED FOR CASH MfliY

1531

T H E CH RO N ICLE.

Jun e 29 1907.]

ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER MAY 20, 1907.
No.
0}
Banks.

1907.

M a in e ____________________________
New Hampshire___________________
V erm on t_______________________
Massachusetts............................ ..........
Boston _________________________
Rhode Is la n d _____________________
Connecticut________________________
New England States____________
New Y ork _________________________
New York City__________________
A lbany__________________________
Brooklyn ______________________
New Jersey________________________
Pen nsylvania_____________________
Philadelphia______________ _____
Pittsburgh______________________
Delaware _________________________
Maryland__________________________
B a ltim ore______________________
District of Columbia______________
Washington City_______________
Eastern States__________________

Capital.

Depo sits.

Surplus.

Individual.

Loans.
and
Discounts.

Other.

Gold and
Gold
Gold Cl’g H . Treasury
Certificates. Certificates.

Sili'er
Treasury
Certificates

Silver.

Lenal
Tender
Notes.

$
79
9.401.000
57
5.310.000
50
5.685.000
181 33,167,500
22 26,050,000
23
7,200,250
80 20,154,250

$
3,346,380
2,175,500
1,623,442
15,012,046
17,836,000
3,632,538
9,479,000

$
30,768,656
16,646,766
14,266,146
110,851,898
136,827,172
19,377,371
52,372,388

S
600,001
1,082,509
602,621
2,503,000
4,664,615
719,763
815,817

$
32,030,188
16,515,410
15,174,215
121,024,985
168,237,109
24,763,693
56,986,487

S
1,069,849
450,387
372,453
2,417,076
5,349,795
302,598
1,623,230

$
357,510
93,320
80,860
796,320
9,710,870
298,870
593,610

492 106,968,000

53,104,906

381,110,397

10,988,326

434,732,087

11,585,388

11,931,360

5,876,227

9,795,367

40,632,600 22,914,511
113,958,500 109,365,290
2,100,000
2,200,000
1,602,000
2.350.000
19,647,900 17,702,065
60,208,810 52,558,202
22.305.000 32.055.000
29.100.000 28.490.000
2,273,985
1,787,500
4,976,700
3,177,599
12,590,700
7.072.000
252,000
150,000
5,150,000
3.550.000

233,213,204
685.389.969
14,930,280
15,220,270
125,255,643
339,679,984
147.833.970
116,202,092
8,202,783
26,295,072
40,902,503
1,222,634
23,382,409

5,274,604
32,649,645
289,595
360,239
1,058,781
5,456,034
7,606,986
3,830,000
100,000
826,000
5,042,237
345,000
6,236,482

198,561,766
752,556,084
19,915,041
13,513,878
107,754,587
286,306,940
177,577,377
146,147,043
8,447,000
21,131,774
56,974,570
1,155,155
21,325,357

3,968,862
3,250,790
52,296,010 119,690,520
334,141
965,000
245,279
911,850
1,376,867
1,588,470
8,034,014
3,851,160
6,884,703
8.703.690
5,983,491
4,633,050
123,263
61,010
305,820
411,815
575,610
2.347.690
22,565
68,950
1,619,610
38,858

1,008,985 2,505,849
953,204 17,909,519
45,542
90,000
682,943
59,560
546,209 1,890,076
1,663,144 3,432,652
627,493 4,623,388
696,961 4,391,833
193,321
64,251
122,913
357,293
114,429 2,470,637
3,860
46,400
62,453
634,071

5,306,760
39,881,660
1,466,888
555,420
2,951,713
7,097,715
3,033,621
4,772,237
256,610
671,647
703,870
28,800
466,545

69,075,603 1,811,366,578

80,295,478 147,997,610

5,969,004 39,227,982

67,193,486

355
39
3
4
168
656
36
30
24
79
18
1
11

1,424 314,798,195 283,372,167 1,677,730,813

S
%
138,996
246,175
138,615
313,349
114,199
91,909
676,895 1,448,386
528,880 2,697,531
69,604
201,148
•855,439
277,577
1,922,476

422,060
404,230
279,434
3,022,106
3,896,292
193,085
1,278,160

___________
Virginia____________
W est Virginia_____________________
North Carolina____________________
South Carolina____________________
G eorg ia ___________________________
Savannah ______________________
Florida____________________________
A la b a m a _____________ ____________
M ississip pi___________ ____________
L ou isia n a _________________________
New Orleans________ ___________
Texas ____________________________
D a lla s _____________ ____________
Fort W orth_____________________
G alveston ______________________
H o u s t o n ___________ ____________
San Antonio____________________
W a c o ___________________________
Arkansas__________________________
K e n tu ck y ____________ ___________
L ou isv ille_______________________
Tennessee__________
_______ _

96 11,743,500
88
7.646.000
57
5,427,380
• 25
3.310.000
84
7,764,770
2
750.000
35
4.010.000
73
7.925.000
26
3.225.000
30
2,935,210
6
5.625.000
477 28,683,130
5
2.400.000
7
1.925.000
2
425.000
8
2.500.000
7
2.300.000
4
800.000
35
3.565.000
130 11,058,400
9
4.945.000
77
8,899,480

7,091,419
3,719,298
1.949.700
1,041,425
4,253,127
350.000
1,639,500
2,907,014
1.320,150
1,502,966
2.925.000
10,690,234
1.060.000
1.265.000
85,000
1.300.000
518.000
364,300
1.191.700
3,341,029
2.216.000
3,016,242

54,900,353
32,835,608
18,061,056
11,566,677
26,379,292
960,446
20,843,468
27,745,082
10.304,719
14,470,476
16,719,242
107,289,241
11,819,714
7,261,666
1,764,090
11,324,338
9,041,982
3,802,246
11,111,275
32,715,856
14,679,036
39,821,615

4,755,778
1,280,721
1,245,840
590,840
1,832,477
249,518
1,114,400
949,256
599,958
350.000
2,879,748
1,460,773
268,684
100.000
103,416
205,000
347,552
50,000
205,420
2,052,244
3,247,168
2,376,218

63,755,963
32,372,568
23,756,064
14,405,277
34,873,395
2,553,511
20,673,490
27,960,227
10,988,647
15,402,024
24,416,325
97,640,245
13,784,980
10,810,625
3,034,732
13,192,520
7,928,121
3,624,025
12,433,553
37,231,943
21,244,182
43,319,525

983,124
913,083
371,510
138,031
267,621
3,200
237,742
557,825
100,326
155,119
562,804
1,979,968
360,390
184,492
13,910
297,130
190,203
77,710
266,307
818,818
731,200
795,507

436,140
380,260
134,860
72,610
262.730
50.000
138.730
442,560
145.000
308,310
816,770
1,530,530
494.000
75.000
265,500
686,660
737,680
262,440
200,400
346,270
319,980
805,960

376,397
189,884
190,563
206,408
397,639
16,300
345,532
392,706
180,086
247,757
74,988
1,601,319
101,900
185,157
47,054
213,442
158,678
111,782
153,413
238,424
92.0S1
388,862

588,014
404,626
112,349
182,304
268,474
36,693
160,969
303,833
51,687
110,885
467,916
715,242
100,942
35,269
15,000
166,357
258,642
29,704
149,938
219,254
76,118
378,241

1,868.444
753,432
435,811
342,493
999,779
17,500
545,318
810,656
434,149
275,725
467,941
3,336,434
740,690
895,500
269,040
580,070
581,490
210,000
278,862
673.462
1,052,572
1,158,630

Southern States_________________

1,283 127,862,870

53,747,104

485,417,488

26,265,011

535,401,942

10,006,020

8,912,390

5,910,372

4,832,457

16,727,998

Ohio ......................................................
Cincinnati______________________
C levelan d______________________
C olum bus______________________
In d ia n a ___________________________
Indianapolis____________________
Illinois_____________ _______________
C h icago_________________________
M ichigan_____________ _ _
D e tr o it ..___________ _______ .
W isconsin________________________
M ilw au k eo_______________
M innesota_________________________
Minneapolis___________________
St. Paul.................... .........................
Iow a______
Cedar Rapids___________________
Des Moines_______
Dubuque _______ ______________
Missouri . . . _______ _____________
Kansas C it y ____________________
8 t. Joseph______________________
St. Louis________________________

331 33,127,770
11 13.300.000
7
9.350.000
9
3.550.000
212 18.050.000
7
5.100.000
375 26,450,500
14 27.650.000
87
9,185,387
4
4.150.000
119
9.740.000
6
5.750.000
234 10.326.000
5
4.700.000
6
4.100.000
291 16.805.000
400.000
3
4
800.000
3
600,000
5.635.000
96
6
2.975.000
3
900,000
8 19.100.000

13,476,617
6.340.000
3.800.000
1.112.000
6,354,992
2.297.000
11,908,511
17,056,000
4.286.001
1.350.000
3,286,460
2.505.000
3,029,902
3,402,083
2.210.000
5,117,848
225.000
380.000
130.000
1.812.002
2,925,00(1
410.000
11,425,188

155,442,613
37,802,248
33,368,948
17,444,095
90,995,593
19,540,412
152,017,279
143,148,792
70,535,751
18,964,713
72,985,880
34,161,343
60,584,848
21,660,505
20,384,780
82,794,971
2,349,034
3,508,778
2,006,706
24,692,756
32,195,816
4,737,952
65,912,365

3,805,011
3,187,981
1,622,223
500,749
3,425,829
1,665,812
6,399,293
5,180,611
2,077,839
1,269,687
1,0 2 4 ,® 8
1,647,450
1,075,000
1,083,037
1,619,081
3,327,440
225,000
1,024,225
66,042
697,600
2,075,020
231,925
3,885,493

147,389,255
4,113,596
53,336,866
610,743
52,823,198' • 2,365,783
17,447,493
638,140
77,205,405
2,518,550
24,739,661
778,165
133,066,226
3.553.484
231,445,954
7,512,845
62,203,126
1,914,373
1,465,304
22,189,251
1,834,390
59,376,738.
33,805,194
971,097
1,632,569
55,537,823
990,053
29,777,730
22,317,354
1.079.485
85,423,259
1,943,790
6,146,291
131,530
208,724
7,678,078
2,522,673
157,995
22,321,985
653,905
2,479,672
46,382,234
229,210
9,299,391
3,074,343
113,053,571

1,455,060
2.201.780
1.703.460
555,770
1.201.780
1,620,800
1,958,470
27,018,290
610,510
131,990
907,520
947.000
615,210
973,780
801,060
792,160
229,600
210.000
10,000
165,680
2.610.460
61,520
14,454,920

953,939
855,888
932,584
112,346
687,885
272.591
92,679
306,046
603.591 1,019,015
130,085
384,583
8S6.837 1,146,068
475,166 11,557,895
382,583
508,231
115,092
56.000
333,343
401,320
164,037 1,063,413
391,687
357,816
104,585
35,510
154,450
117,845
597,307
611,608
96,052
24,661
132,997
77,735
35.000
12,175
231,206
176,491
181,053 1,442,801
35,023
32,990
191,235 7,012,298

4,424,324
3,053,345
1,334,000
913,983
2,239,873
854.700
3,629,813
18,401,908
1,463,650
1,623,761
1,343,826
1,440,463
953.700
1,074,121
850,596
2,123,254
118,000
218,536
120,165
646,726
1,048,780
691,735
4,718,332

6,425,355 29,068,387

53,287,591

1,841 231,744,657 104,839,604 1,167,226,179

47,116,876 1,315,488,756

40,857,746

61,136,820

4,201,350
25,622,805

10,283,701
36,867,349
37,545,612
6,464,942
10,667,249
23,001,402
18,396,059

380.000
7*3,454
905.000
149,903
1,876,373
1,370,989
50,000
250.000
669,673
674,095
574,547
1,612,442
139,597
351,205
1,021,167
335,200

20,565,874
17,324,389
42,920,924
5,821,488
25,496,909
47,160,165
7,743,055
4,609,190
19,931,014
9,347,801
22,001,060
21,536,228
3,621,345
8,813,648
16,568,147
19,464,260

435,786
660,036
1,110,419
156,720
988,715
1,393,605
627,310
267,929
1,071,045
346,260
1,143,708
3,374,570
450,810
271,655
381,482
343,171

209,340
241,160
233,090
4,200
470.000
633,330
36,620
168.000
360,870
82,480
370,010
630.000
308,440
116,210
443,120
338.000

188,003
169,252
281,744
53,716
250,477
498,294
24,865
36,677
156,543
71,970
230,995
189,986
59,715
81,245
347,852
267,612

118,062
110,020
185,789
9,100
421,085
434,889
17,360
109,324
107,631
35,397
237,770
297,811
107,901
65,985
194,991
237,542

554,003
460,312
971,316
496,031
2,351,406
1,352,655
459,580
150,905
579,630
178,529
896,091
2,281,277
228,397
284,524
603,051
363,075.

18,041,525

344,008,908

11,153,645

292,925,497

13,023,221

4,544,870

2,909,946

2,690,657

12,210,782

2,459,500
1.025.000
943,325
1.450.000
4,186,526
2.035.000
7,227,072
852.000
290,700
486,300
212.000
373,150
31,750

39,626,606
20,258,304
17,314,875
16,408,048
57,651,867
32,579,144
43,197,031
11,121,566
4,778,114
9,576,203
4,257,533
8,507,982
852.884

1,353,079
1,525,904
423,879
1,299,273
2,201,606
995,661
6,555,375
525,263
88,184
231,374
250,485
200,000
105,839

32,405,051
17,595,790
10,861,089
14,022,355
45,283,055
32,271,677
57,502,362
9,155,271
4.567,408
8,186,915
3,454,145
4,323^48
453,153

1,939,351
2,780,905
1,204,372
4,271,145
3,982,848
6,301,615
6,527,653
517,740
238,692
1,275,150
452,235
330,583
35,270

348,130
64,280
102,180
18,720
291,830
100,820
1,342.300
92,540
16,170
171,280
15,620
114,770
12,250

214,796
102,192
122,499
116,879
422,257
200,178
411,288
87,607
31,581
73,717
40,564
84,346
4,170

246,326
31,270
58,442
26,630
104,167
81,741
46,565
37,836
4,273
14,170
475
24,646
8,045

297,290
58,345
97,889
28,107
237,985
283,307
100,991
165,975
19,773
102,620
48,052
187,631
19,770

43,031,100

21,672,323

266,130,156

15,755,822

240,082,119

29,857,559

2,690,890

1,912,074

684,586

1,647.735

610,000
100.000

107,000
10,000

989 098
267,112

332,927

1,101,298
45,415

355,730
20,555

480
20,000

46,677
252

1,947
393

280
14,000

710,000

117,000

1,256,210

332,927

1,146,713

376,285

20,480

46,929

2,340

14,280

121
83
184
4
5
192
3
4
37
29
88
6
3
36
129
165

4.395.000
3.150.000
8.715.000
750.000
2.800.000
10,417,500
961,870
500.000
3,407,500
1,610,000

Western States__________________
W a sh in g ton _____________________
Seattle__________________________
Oregon __________________________
P o rtla n d _______________________
C a liforn ia_________________________
Los Angeles_____________________
San Francisco___________________
I d a h o ____ . . . .
______
U t a h ___
Salt Lake City___________________
Nevada . .
A riz o n a ____
Alaska (Mch. 22 1007) ....................

20,744,669
19,556,693
45,523,110
4,569,258
21,358,320
65,895,992
3,310,397

4.880.000

3,000,000
500.000
1.840.000
4.665.000
6,984,225

1.782,010
1.650.000
365.000
396,300
897,123
1,725,554

1,089

58,576,095

37
4
50
3
106
9
11
34
14
4
7
14
2

4,015,300
1.750.000
2.411.000
1.250.000
9,662,800
5.350.000
12,800,000
1.750.000
930.000
1.200.000
1,057,000
755.000
100.000

295
4
1
5

_____

Hawaii (Mch. 22 1907)___________
Porto R ico______________________
Island possessions___________

U. S. b o n d s ..

•
1" D u e from b ’ nks

£
?■
& Gold . . .
Y S il v e r ..

14

8

5
49
17
1
15
3
4
2

s

$ $ S $
S
S s ;%
$ ?
753 20 14 178 146 57 20! 3 25 16 12 25
91 2 1 23 21 14 12 1 6 ?. 2 3
1
128 5 4 31 24
7 2
5 16
1 1 1 1
3 3 26
6 6 4 10
67 18 3 83 32 15 7
? 14
5
? 1
3 1
183
1
1
3 2
172 1 1 16 11
1 1 1 1
5
19
3 1
1 5
1 1 1
3
5
1 1
1 9
40 1 1
1
2
11 2
1
1 2

$

21
8

?

7
1
1

Oth. resources.
1
T o tals______ 286 1,491 49 27 360 267 106 49! 4 44 29 23 44 41
C a p ita l_______
S u rp lu s______
Undiv'd profits
C irculation____
Due to b a n k s..
J

26
IK
8
9
79
Due depositors. 141
Oth. liabilities6

T o ta ls ________




114 ?
109 '?
29
51 1
533 28
618 15
37 1

??, 29 13
7
3V
4
2
fi
7
15 16
129 64 25
46
155 120
3
5
6
286 1,491 49 27 360 267 106
7
1
1
5
16

5 1
4 ! ..
3
4 1
3 1
29! 1
1—

6 3 3
3 1 1
1 1
3 1 2
9 9 3
19 13 13
3 1 1

S

53
12

9

1
%
17 25 231
7 3 6 16
4 ? 3 17
1 1 1

53

s $

3
14 14 4
1 1

10

54
1 15
1
1
3 4 1 2 35
1 1
1 12
3 1 1 1 18
1 1 1
3

100 87

4 5 13
? ?
6
1 1
?
3 4
8
15 10 24
18
19
41
1
6

4 9 ] 4 44 29 23 44 41

9
4
1
5
?8
35
5

100 87

4

Q

2
Q

2 17 3 5 5 8 19 3
1
1
1
V,
1
6
18 5
7 1
1 1 1 4 1 2
1
1
1 1
1
7 •?.
1 1
V
1
5 2 ... 1
2 1 1 1

575
263
9
333
67
103
31

1
$2

s s * S 5 *
1 34 30 m 6 8 3 113 46
1 1!) 4
2 6 4 3 1
? 4 1 3
5 7
1 1 i
? 1
S

8

1

9 9 8 1 2
1 V 1

2 2 ?. 2
1
0 1 1 1

1 1

30 51 402 38 59 50 41

9 13

4 5 ?8 4 6
1 ? 17 1 3
1 7 1
10 1 4
?.
6 1? 18S 11 10
17 ?1 148 20 35
4
1
4

5 4 1 1
3 V

s

1 33 24
4 ?

3

19 3 1
11 3
5 1
1
1 1 15 2 1
15 10 5 7 1 85 49 8
23 n
3 4 ? 70 34 5
1 3
3 1 ---

a

30 51 402 38 59 50

■
n

9

I

1
£

•£
1
§ u
CO 1 3
o *
S
% % s
$
% s $ S n $ % $ %
9 6 25 7 5 22 4 18 14 32 58 8 2,333 2,331 4,664
1 1 3 1 1 5 I 3 3 7 20 2 329 438 767
1 1
1? 2 Y 4 3 7 1 305 374 679
1 2
1
79
98 177

5 208 93 15
1

o

i

Total
United Slates.

6

s
|

*

Total
Other Cities.

3

1

•g

8

2

10 45

13

2

1

1 3 1
1 1
1
2 1
3 1 7
5 23 3
1 -- --

JSan

q

«

3

Denver.

2

3
-

Francisco.

1

3

1Pueblo.

s

k

£
*

Kansas City.
St. Joseph.
Lincoln.

1
as

e ii
05

Milwaukee.
Minneapolis
St. Paul.
Cedar Rapids.

£

O
s

2
-5
•c
as
a:

Indianapolis.

5

5

Chicago.

■c*
&

Cleveland.

a;

|Philadelphia.

1Albany.

1

6,429 883,690,917 534,794,629 4,322,880,141 180,688,210 4,631,143,692 186,001,697 237,234,420 25,095,156 82,382,636 160,877,239
Total Reserve
Cities.

f Loans, disc.,Ac. 168

1

1.345.000
617.000

1Salt Lake City

%

New York.

Totals for
Reserve Cities, <kc.
In Millions.

Boston.

United States___________________

Washington.
Savannah.

Pacific States__ __

905,970
513,027
2,881,826
285.000
950.000
2,802,715
605.000
320.000

Cincinnati.

Middle Western States__________
N orth D akota______ _____________
South D akota.................. .....................
N e b r a s k a ___________
_______
L in c o ln _______ _________________
O m a h a ________ _____ __________
Kansas__ __ . ______
Kanea= C it y ____________________
W ich ita_________________________
M on tan a ..................................... ........
W y o m in g ......... .............. .............. ._
C o lo ra d o________
Denver____
P u e b l o ______
New Mexico .
Oklahoma _
Indian T erritory..

555 1,130
10 273
19
28
90 423
40
107
58
161
36
67

9 64 12 31 31 60 116 16 4,427 4,049 8,476
1 3
V,
1
3
4 16
4 38
-- 1

18 5 208 93 15 10 45 13 9

1 5 13 1 368 516 884
285 2,SO 535
1 Y 7
2
81
186
2
105
1 5 12 1 202 346 548
9 11 30 3 1,482 204 1,686
17 33 50 10 1,922 2,581 4,503
47
134
87
-- -- 2 2 2 1
1

2
1
1
1
4 5
7 21

64 12 31 31 60 116 16 4,427 4 ,049 8 ,4 7 6

1532

THE CHRONICLE

EVo l .

l x x x iv

.

ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER MARCH 22, 1907.
No.
ol
Banks.

1907.

M a in e __________
New Hampshire.
V e rm o n t_______
Massachusetts___
B o s t o n ______
Rhode Is la n d ___
Connecticut_____
New England States.
New Y ork _______
New York City.
A lbany________
B r o o k ly n _____
New Jersey......... ..
Pen nsylvania____
Philadelphia___
Pittsburgh_____
D e la w a r e _______
Maryland________
B a ltim ore_____
Washington City.

Capital.

Deposits.

Surplus.

Individual.
$
29,854,266
15,880,595
13.661,843
104,679,290
129,895,711
18,274,40C
52,729,698

$
584,306
1,079,901
854,66.4
2.4H3.000
3,572,591
719,901
1,348,093

52,744,015

364,975,803

354 40,336,600 22,737,361
37 112,300,000 105.559,200
4
2,100,000
2,200,0(X
1,602,000
2,350,00(
i e i 19^363,595 17,624,401
649 59,831,110 51,424,87)
36 22,305,000 30,940,001
30 29,100,000 28.390.00C
24
1.785.0SC
2,273,985
79
4,974,200
3,l72,59f
18 12,590,700
7,072,001
1
252,000
130,001
12
5,130,000
3,450,000

227.987.1S2
570,518,991
1'1,349,77£
15,117,264
125,615,701;
3-30,894,943
143,334,772
113.564,947
8,523,017
26,033,463
39,894,342
1,188,301
22,977,921

79
9,401.000
57
5.310,000
50
5,685,000
l a i 33.192,500
22 26,OiO,OOC
23
7,200,250
Si 20,235,050

$
3,345.810
2,164.001
1,623,442
14,846,625
17,774 001
3,411,13t
9.579,000

493 107.073,S00

1.410 312,429,190 276,856,081 1,643,000,640

Eastern States___
V ir g in ia .,_____
W est V irginia..
North Carolina.
South Carolina.
G eorg ia _______
Savannah ___
Florida________
A la b a m a ______
M ississip pi____
L ou is ia n a _____
New Orleans.
Texas ________
D a lla s ______
Fort W o r th ..
G alveston___
H o u s t o n ____
San A ntonio.
W a c o _______
Arkansas______
K e n tu c k y _____
L ou isv ille ___
Tennessee_____
Southern States.

$
342,420
73,021.
79,331
777.69C
8,268.13C
281,8.4C
628,520

10,422,351)

423,585,692

11,062,518

10,450,950

1,737,593

5,028,860
14,906,184
290,000
310,107
978,896
5,482,929
6,670.139
3,202,572
100,016
826,127
3,115,287
175,000
2,655,174

198,806,726
688,703,073
19,217.616
13,739,128
109,280,466
283,222,823
172,972,541
148.373,166
8,ol7,S64
20,766,605
57,722,805
1,077,505
21,782,009

3,989,235
55,577,57C
400,126
233,047
1,262,514
7,906,680
0,749,690
5,550,185
117.662
420,922
387,550
21,990
36,571

3,207,050
93,830,090
495,000
974,500
1,529,200
3,674,220
4,748,530
4,884,760
65,530
281,430
1,564,250
39,500
2,529,740

82,659 742 117,823,800

6,180,446 30,806,841

69,730,846

43,741,291 1,744,182.327
4.651,231
1,283,1.50
1,164,675
568,859
1,826.557
253.737
1,061,410
896,446
599,917
300,000
4,598,989
1,462,160
269,213
100,000
107.782
205.000
362,393
50,000
207,437
2,052,918
2,709,919
2.370,252

59,380,459
31,669,708
22,787,184
13,754,23a
32,738,250
2,403,812
20,193,246
26,797,482
10,505,572
15,503,634
25,689,260
92,523,619
15,201,564
10,779,403
2,587,540
12,408.982
8,465,65/6
4,027,753
12,019,959
36,033,532
21,894,859
42.729,945

1,259 124.895,335

52,796.401

493,045,707

27,102.065

520,095,658

32,406,075 13,240,246
13,300,000
6,340,00C
9,350,000
3,740,000
3,550.000
1,0}1,000
17.867,481
6.806.292
2,290,000
5,000,000
26,145.600 11,890,118
26,5,M) ,000 15,031.000
9,090,000
4,202.375
4.150,000
1,350,000
9,665,000
3,259,510
5,750,000
2,505,,000
'10,326,000 . 3,026,-505
4,7CfO.OOO 3,402,083
4,100,000
2,210,000
16,705,000
5,061,105
400,000
235,000
800,000
360.000
600,000
130,000
5,595,000
1,709,501
2,850,000
2.675.000
900,000
410,000
19,100,000 11,427,188

156,577,194
38,655,178
32,881,356
18,021,148
86,026,739
19,042,983
152.184,682
134.497,744
69,335,170
17,479,441
72,930,735
33,782.391
59,744,724
18,213,936
20,222,520
83.811.384
2,425,488
3,281,368
2,004,804
25,087.684
31,6.74,227
4,786,6.64
65,415,868

3,762,987
145,954 392
2,988,144
54,937,834
1,587,022
53,990,992
494,867
17,373,703
3,316,241
74,143,016
24,304,070
1.576,297
132,359,470
6,241 217
4,398,543 230,132,533
1,616,752
62,343,808
1,251,916
22,515,406
1,081,107
59,484,576
35,624,790
1,042,420
975,000
54,852,816
1,018,759
28,971,938
1,528,504
23,377,575
83,895,616
3,114,035
225,000
6,305,637
1.027,470
7,809.571
65.634
2,515.651
697,600
22.318,164
46,943,879
2,078,080
231,370 « 9,226,332
3,890,501
120,278,241

1,823 228,900,056 101,925,923 1.148,033.426

45,009,466 1.319.660,010

North D akota_______
South D akota_______
N e b r a s k a ___________
Lincsln ___________
O m a h a ___________
K ansas______________
Kansas C it y ______
W ich ita ....................
M on tan a ____________
W y o m in g ___________
C olora d o ____________
Denver____________
New M e x ico _____ ___
O klahom a___________
Indian Territory_____

366,350
377,100
174,870 '
94,070
297,260
113,000
247,160
513,880
144,640
269,530
1,317,270
1,666,930
560,000
56,000
264,500
722,400
736,340
285,340
254,550
307,100
250,450
815,410

9,731,928

9,833,710

362,049
348,950
315,910
2,677.600
3,428,910
445,878
1.323,842

5,543,813

8,903,139

1,111,628 2,421,358
891,331 10,409,01Si
95,000
45,941
575,498
71,801
2,040,127
1.777,859 3,456.302
645,277 4,303.500
007,511 3,887,196
255,291
70,020
119,786
401,514
145,192 2,290,664
8,770
22,988
89,914
642,375

5,313,016
42.052,856
931,073
441,599
3,170,198
7,338,203
3,557.482
4.847,408
220,239
591,063
855,875
49,790
354.784

397,986
171,6611
182,988
196,470
455,105
27,000
368,210
431,402
205,872
232,929
73,850
86,396
162,334
64.030
300,605
12t},285
101,209
161,436
2(59,631
130,200
348,960

511,54)0
307,988
140,870
101,365
387,673
99,032
239,952
339,463
66,468
137,410
642,288
981,705
69,552
35,600
13,000
214,927
348,582
44,568
172,597
226,508
45,124
379.323

1,046,750
611,821
704,437
334,470
1,203,936
44,138
703,345
1,002.277
493.154
355,097
603,974
3,589,093
860,885
790,000
103,470
512.435
579.400
209,000
301,929
709,372
1,257,516
1,24G,988

6,192,473

5,634,191

17.884,739

3,886,794
1,351,068
516.631
2,204,950
2,358,530
1,938,840
644.140
509,710
2,429,741
1,259.910
555,122
1,627,GOO
3.456,205
1,995,370
6,905,712 •29,170,280
1,900,304
678,330
131,590
1,323,607
876,190
1,777,789
1,196,000
1.156,047
634,570
1,573,604
965,800
890,770
681,120
1,047.146
763,410
1,910,427
244,600
130.278
164,639
129,380
15,000
168,435
681,743
195,510
2,441,345
2,555,240
67,880
274,225
2.521,100 16,471,070

860,450
966,866
772,203
116,008
832,363
279,033
253,190
108,090
639,695 1,000,815
293,110
170,841
988,312 1,229,392
468,531 7.740,973
399,889
592,536
60,000
76,805
347.855
415,532
179,236
9.54,928
393.1U3
393,179
40,990
104,683
154,188
144,876
551,206
805,49p
28,740
91,891
95,102
74,685
42,000
16,011
190,100
227,429
170,079 1,106,579
56,419
60.037
188,243 5,545,972

4,531,408
2,632.523
1,622,000
1.025.347
2,215,206
904,500
3,621,778
13,414,633
1,323.547
1,117,055
1,245,023
1,111,527
879,687
701,534
655,844
2,089,." 10
117,0.50
403,920
139,087
007,733
1,051.180
630,480
3,001,497

6,603,209 23,630,512

45.163,129

38,714,334

51,069,810

21,933,407
19,947,384
4-7,594,184
4,309,122
20,498.520
56,587,138
3,165,770
4,123,086
25,476,176
10,100,972
43,766,990
38,198,124
10,690,883.
24,613,514
17.744.481

390,765
798,211
905,000
149,931
1,487,306
1.798,485
50,000
250,000
683,158
617,894
664,13-5
1,622,969
352,161
1 ,025,8'47
334,799

20,402,130
16,647,956
43.430,595
5,650,743
25.737,707
46,691,139
7,048,006
4,439,247
19,786,918
9,016,492
26,368,588
21,399,381
8,403,341
16,008,165
17.748,953

392,563
565,579
1,077,329
154,785
829,329
1,336,958
612.745
202.220
1,061,632
377,710
1.466.549
3,598,683
273,570
399,930
313,162

199,000
228,120
249,770
3,400
465,000
630.790
11,500
126,500
399,660
79,760
658,170
635,000
112,830
413.180
309,430

181 ,.506
150,274
269,090
50,295
276,827
490,158
31,530
25,054
162,263
82,057
269,050
154,402
87.297
293,764
269.659

102,172
119,054
191,765
3,800
351,686
458,919
13,187
42,000
90,617
38,253
290,658
294,937
67,970
226,303
212,812

524,768
485,512
870,723
525,143
2,030.317
1,337,693
009.816
117,944
605,2S0
191,852
1,129,244
2,790,342
329,175
599,630
357.800

57,350.865

17.694,670

348,749,751

11,130,061

288,779,361

12,662,744

4.322,110

2,793,226

2,504,193

12,511,144

35
3,950,000
4
1.750,000
49
2.385,000
3
1.250,000
102
9,268,.500
!> 5,360,000
11 12,800,000
34
1,750,000
14
804,920
4
1,100,000
6
957.000
41
755,000
2
100.000

2.398,600
1,025,000
943,325
1,400/100
3,999,1 26
2 .030,000
7,227.072
787,500
2*} 1,700
439,600
162,000
363.150
31,750

38.126.501
20,110,810
16,609,581
17,158,571
68,441.582
34,125,976
48,984,637
10,902,262
4.869,639
9,565,417
3.035,248
7,708.113
856,676

1,329,673
1,494,231
424,713
1,299,276
2,209,491
995,666
6,532,824
628,184
99,520
223,050
199,954
200,000
100,000

30,418.527
17,143,212
10,279,546
13,144.741
44,975,986
31,253,400
63,081,199
8,897,680
4,553,367
7,941,261
2.375,424
4,040,826
374.787

1,853,564
2,605,795
1,304,220
4,916,980
4,529,858
6,970.687
8,164,455
521,015
260,817
1,239,636
192,395
320.155.
57,100

293,330
118,540
103,390
22.550
240,670
90,360
1,334,580
67,970
17.130
312,420
27.890
140,640
18,670

264.640
107,674
1'28.894
93,084
414,503
238,371
493,24.5
90.680
38.132
98,003
21,510
76,717
4.137

149,109
65,060
54,348
12,509
104.655
45.706
28,027
38,379
6,056
14,768
971
23,839
10,306

300,605
49,500
62,823
35.409
219,000
531,720
88,479
150,079
30,327
145,945
20,801
175,974
10,280

1,067

Pacific States.

864,052
849,812
360,347
120,206
257,569
8,000
227,671
519,069
111.679
114.018
760,850
1,973,754
287,475
149,465
11,450
370,007
214,457
77,200
204,382
799,279
738,372
712,814

S
$
138,53S
204,302
132,582
263 080
93,432
628,101 1,-107,356
415,077 2,514,893
199,53!!
68.251
829,399
290,953

896,470
511.857
2,813,,661
255,000
850,000
2.786,180
005,000
290,000
1.294.499
597,540
2,145,210
1,650,000
396,300
887,349
1,715,595

122
4,397,500
80
3.010,000
182
8,575,000
700.000
4
5
2,800,000
193, 10,402,500
2
750,000
4
500,000
34
3,311,390
26
1,540,000
88
5.205,000
6
3,000,000
1,790,000
4,545,000
126
160
6,824,475

W a sh in gton ________
Seattle________ . . .
O r e g o n _____________
P ortla n d __________
C a liforn ia___________
Los Angeles_______
San Francisco_____
Idaho ______________
U t a h _______________
Salt Lake City.........
Nevada _____________
A riz on a _____________
Alaska (Jan. 26 1907)

Legal
Tender
Notes.

$
1,075,846
459,226
374,527
2,311.870
5,560,622
290,404
1,584,023

51,054,519
32,709,217
17,954,958
11,852,185
27,681,13-8
98.1,143
21,096,646
28,793,494
10,965,862
15,429,098
17,421,716
114,196,648
11.719,036
7,490,169
1,750,632
10,396,904
9,311.967
4,049,153
11,007,332
32.595.761
14,697,608
39,860,461

2ol
7
366
14
86
4
117
6
234
5
6
289
3
4
3
95
5
3
8

Silver
7 rtaswry
Certi/icates

Silver.

S
31,904,692
16,518,851
14,986,211
120,319,326
156,486,463
24,809.38-1
58,560,76-1

6,760,783
3 ,7 1 6 ,* 8
1.878,70c
1,040,925
4,008,127
3 50,00C
1,636,50(
2,748,514
1,320,150
1,551,321
2 ,925.00C
10.748.70C
1.060.00C
1,255,000
85,000
1.200,001
508.00C
364.30C
1,191,700
3,294,541
2,166,000
2,986.843

332
11
7

W estern States____

Gold and
Gold
Gold Cl'y H . Treasury
Certijicales. Cerli/icates.

92 11.051,000
to
7,621) ,830
55
*,230,000
25
3,310,000
83
7,466,590
2
750,000
3
4,010,000
73
7,925,000
26
3,225,000
30
2,830,000
6
5,625,000
469 28,235,375
4
1,900,000
7
1,925,000
2
425,000
7
2,100,000
7
2,300,000
4
800,000
34
3,515,000
127 10,941,290
9
4,945,000
74
8,765.250

Ohio ....................
Cincinnati____
C levela n d ____
C olu m bu s____
Indiana ........... ..
Indianapolis . .
Illinois__________
C h icago______
M ichigan......... ..
D etroit_______
W isconsin______
M ilvraukeo___
M innesota______
Minneapolis___
St. Paul............
Iow a____________
Cedar Rapids.
Des Moines___
D u b u q u e ____
M is so u ri_______
Kansas City
' St. Joseph____
St. L ou is.____
Middle Western States.

Loam .
and
Discounts.

Other.

287

42.3lD.420

21,084,835

279,496,013

15,636 584

238.479,956

32,936,677

2,788,140

2,069.710

553,733

1.821,542

Hawaii (Jan. 26 1907) .
Porto R ico_____________

4
1

610,000
100,000

107,000
10,000

943,182
268,104

316,525

1,007,041
54,054

286,065
20,190

280
10,000

31,052
359

142
1,362

98
20,000

Island possessions .

5

710.000

117,000

1,211,286

316,525

1,061,095

306,255

10,280

31,411

1,504

20,098

United States____

Loans. disc.,&c.
U. S. bonds___
Stocks, bds.,& c.
Real estate. A c.
Due from b'nks
Clear. H. cxch.
Nat. bk notes.
G o l d ..................
S ilver.________
Legal tenders..
Oth. resources.

s
S
$
1.57 689 1,9
70 2
13
8 134 5
5
2.5
47
60 1?
1.5 183
1
1
14 149 1
3
17
3
42 1
1
1

%
173
22
8‘>
5
71
17
11
5
4
3

l

*
148
21
■>3
16
28
6
1
10
4
5
2

S $ S
58 21 2
11 7 I
7 ?
3 "1
15 6
3 1 -? 3
2 1
1
1 -- 1

1

T o t a ls ________ 267 1,382 41

343 264 103 44

C a p ita l_______
Surplus______
U ndiv’d profits
Circulation____
Due to ban ks,.
Due depositors.
Oth. liabilities.

22
31
5
1,5
116
150
4

26
18
9
9
68
133
4

112 2
106 2
50
52 1
478123
585 12
19 1

T o ta ls________ 267 1.382 41




s
20
a
i
i
6
1

? 1
1 1
1 1
i

6
3
1
3
10
22
--

3
1
l
O

1

1 1 1
1
1 •> 1
1 1 1

§

1

%
24
6
*
10
1
1
1 1

o
8
$
230
1,5
19

3
3
a.
f
*
1
Q i

■2
a
a.
5:

$
28
4
1
1
4
i i

S $
23 36
2 6
V 4
1

54
11 i
1
4
36 1
k
1
i 1
3 V 1 1 13 1 i
2
1 2

$ S
23 0
3 1
3
1
8 2
1

5 27 4 6
2 1.5 1 »
1
7 1
4 10 1 4
15 189 10 12
21 139 19 35
2
2 --

k

3

O

1
3
Q f
$ $ •
8 3 120
2
18
5
?
2 1 32
3

1
1
1
1

1 1

5 24 48 42 102 88 31 50 389 36 60 47 42 10 13

2 1 3 4 5 13 9 4
1
1 2 ]
6 4 1
1 1
3 1
1
2 2 4
8 5 2
V 2 4 19 12 25 29
11 2 14 20 17 42 34 19
5 0 --- -- -- -- 1

4 45 24

|

1

% * $ s $ $ $ S
12 a 1.8 27 n
65 54 17
2
2 3 7 12 7
4
1
1 1 1
3 1 1
6 i 4 13 7 15 l i fi
i 1

4 45 24

29 13 5 1
;'H
7 3
2 1
5
16
7 4 1
64 24] 3 1
117 43 26 1
6
5 2 --

343 264 103 44

Efc

5 4 1 1
3 V
3 1
10 12 6
19 !»'} 3
1 1

19
6
3
2

•1?
o 1 1 ,»!
c 3 s
3
6
*
fc,

$ t % % ?
47 9 5
7
5 1 1 3 1
7
1
1
1
28 4 2 8 3
1
1 -*1
1 1
1
1
1 1 1 V 1
1
1

6 210 96 16 9 45 13

19
11
ft
1 14
7 1 88
4 2 69
1 —
4

5 24 48 42 102 88 31 50 389 36 60 47 42 10 13

■c*
& *
§
j
S

1

5 * $ S
4 13 17 63
1 2 3 21
4 «
7
?
3 7 6 18
2
— —
6 3
9
1
1

f

3 A
s
31
7
3
1
10
1

$ $
$
%
21 8 2,270 2,303
5 1 298 430
13 1 308

16 3
1
1 -7 4 ?

1
1 1

1

550
2 5$
810
59
97
30

671
8
19
90
41
59
33

9 32 32 124 62 64 16 4.263 4,025 8.288

3 1 1 3 1 1
1 1
3
1 _.
2
2 1
2 1
52 8 3 10 7 4
34 5 4 22 3 4
1 1 -- -- --

5 210 96 16

1 1

ft

Total
Other Cities.

1

1
&
a
9
»,

Total Reserve
Cities.

1
*

2“
|

j San Francisco.

N

5

£
s £8
■« •a
§ ! a
I
3
I § Cl
l 1 !
* s

1Cedar Rapids.

M

|Philadelphia.

Totals 1or
serve Cities, <kc.
In Millions.
I
8
3)

6,244 873,669.666 523,216.913 4,269,511,629 153,358,949 4,535,844.099 188,673.200 211.108,800 25,038,067 74,665.847 156,134,637

1 2 13 ft 3 1 363 fill
1 1
7 ? ?
276 247
100
2 2 1
83
1 1 12 .5 a 1 201 342
212
10 6 32 11 16 3 1,425
19 21 50 3.5 39 10 1 ,849 2.574
39
66
1
— 1 2 2

9 45 13 9 32 32 124 62 64 16 4.263 4.025

1533

THE CHRONICLE.

J u n e 29 1907.]

ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER JANUARY 26, 1907.
N o.
of
Batiks.

1907.

New England States____________

$
648,511
1,081,764
599,630
2,463,000
4,758,941
719,608
748,4-18

S
31,378,288
16,433,524
14,728,888
120,634,002
165,677,067
25,094,462
58,788,562

S
1,074,126
458,526
382,666
2,300,536
5,212,860
317,148
1,580,652

$
382,360
78,520
82.980
791,520
10.972,650
291,900
664,970

$
156 045
143.943
104,572
611.120
488,715
81,180
284,644

$
238.719
249,897
127,991
1.165,754
3,617 720
195,033
745,410

406 108,254,300

53,2»1,5I5

372,030,916

11,019,872

432,734,793

11,326,514

13,264,900

1,870,219

6,340,524

9,636.260

40,440,109 22,727,049
110,150,006 108 ,805,200

229,273,608
462,167,660
11,722,005
14,929,069
122,465,455
327,753,722
136,552,570
110,748,150
8,625,781
25,920.,507
38,829,262
1,118,164
22,367,439

4,911,957
17,177 698
290,000
287,218
875,187
5,326,714
7,577,910
2,700,000
98,321
626,000
4,500,396
225,000
3,399,517

195.043,2.32
728,319,529
18,473,2.19
14,391,797
106,430,444
576,095,587
175,107,213
143,593,862
8,568,372
20,292,936
53,664,280
1,072,060
22,048,717

3,272,050
4.037,88.5
56,152.212 101,309,090
1,059,000
401,906
828,000
254,900
1,381,620
1,272,773
3,492,030
7,750,916
7,665,210
8,001,162
4,515,230
5,504,541
50,120
122,890
269,550
422,726
2,578,360
619,556
60,250
41,195
1,888,000
47,702

1,158,171 2.322,044
904,139 17,806,349
126,000
58,234
551,266
08,283
497,786 1,754,201
3
359,235
1,694,457
660,974 4,280,185
654,777 4,653,296
211,664
68,487
129,291
364,651
114,687 2,529,047
19,710
2,135
552,286
46,343

5,414,645
51,196,535
1,317,308
675,731
2,729,693
6,780,479
3,308,355
4,930,247
206,729
587,355
1,137,920
35,050
386,071

47,995,91811,763,701,854

84,630,364 128,368,510

6,057 764 38,528,734

78,.597,318
1,563,085
612,166
524,881
313,274
1,150,316
43,391
024,531
1,251,253
486,720
331,718
732,835
3,798,162
964,800
842,500
219,910
435,095
581,599
179,000
261.491
653,242
1.564,364
1,250,179

500,354,824

9,196,504

9,738,820

5,934.963

5,321,638

18,385,112

143,402,237
54,180,457
50,976,501
16,456,778
72,587,237
23,926,622
127,708,774
212.S21.984
C0.3S9.810
21,719,208
56,318,25a
33,020,462
53,098,430
27,721,139
22,034,436
79,147,013
5,276,(>36
6,598,513
2,218,524
21,680,257

3.773.011
411,760
2,341,960
1,172,105
2,448,427
684,228
3.371,197
6,703.878
1,971,158
1,571,387
1.817.244
1,217.045
1.624.245
1.030,550
993,232
1,820,707
136,813
174,439
165,857
663,254

1,315,250
2,209,800
1,395,020
489,880
1,074,250
1,70S ,700
1,871,230
32,639,500
660,210
131,990
842,400
1 158,000
575,840
938,200
872,500
714,870
255,340
123,600
20,000
182,360

8,268,124
112,929,124

266,390
2,014,858

79,550
16,807,090

913,443
117,864
208,820
132,500
539,754
136.101
955,809
568.360
431,294
88,249
357,594
202,801
436,190
118,564
111,441
538,313
27,005
59,248
11,863
215,973
143,964
70,628
193,478

875,103
897,693
579,209
365,833
905.575
373,281
1.081,949
9,049,029
523,092
62,000
433,663
1,128.643
346,897
33,075
181,69.6
667,071
82,560
86,123
38,000
184,910
2,158,462
90,500
5,533,690

4,287,040
3,400,515
2,185,000
1,216,781
2,204,537
888,940
3 334,383
15,075,593
1,552.232
1,714,209
1,274,880
1.306,844
887,098
671,660
1,273,510
1,901.6M
129,22®
378,853
112,395
674,738
979,250
636,980
5.687,722

45,496,673 1,254,918,509

6 639,268 25.678,054

52,375,671

1.241 121,072,525

52,691,334

492,670,392

27,526,053

330 32,183,050

13,066,141
0,325,000
3.750.000
1.006.000
6,240*362
2,290,000
12,077,993
14,730,000
4,227,375
1.350.000
3,253,310
2.505.000
3,007,194
3,352,083
2,210,000
4,973,404
225,000
360,000
130,000
1.779 802

155,137.208
39,391,745
32.880,605
17,619,962
85,747,968
19,470,812
146,836.882
135.2S9.587
69,728.635
17.046,796
70,515.763
34,086,710
56.782,596
18,875,113
20,184,258
78,993,867
2,142,420
2,907.647
1,900,744
24,994,769

3,608,478
3,717,258
1,526,607
500,444
2,923,469
1,576,679
6,449,333
5,293.567
1,183,240
1,153,825
1,022,378
1,631,761
925,500
980,912
1,506,285
2.675 331
225,000
886,954
62,130
697,600

4,700,628
68,781,429

230.815
4,662,280

_______________

W a c o ___________________________
A rkansas_____________ ____________
K e n t u c k y ____________ ____________
LouisvlHa __________ ____________
Ten n essee_________________________

O h io _______ ___________ __________
C incinnati_______________________
C lev ela n d ___________ - __________
C olu m b u s ______ _______________
In d ia n a ___________________________
IiuTianapolls____________________
Illin ois....................................................
C h icago_______ _ ________________
M ichigan__________________________
Detroit__________________________
W iscon sin _________________________
M ilw a u k ee _____________________
M innesota_____________________ ___
Minneapolis_____________________
St. Paul..............................................
Iow a_______________________________

6,240,783
3,642,740
1,904,700
1,087.925
3,930,533
350,000
1,636,600
2,738.5-14
1.295,150"
1,506,866
2,925,000
11,421,939
1,060,000
1,215,000

11

7
9

208
7
366
13
85
4
116
6
231
5
6
2S9
3
4
3
93
5
3
8

Dubuque _______________________
Missouri __ _______________________
St. Louis________________________

85,000
i, 20o,ooo

13,150.000
9.350.000
3.550.000
17,620,870
5.000,000
26,283,500
25.050.000
9.015.000
4.150.000
9.612,500
5.750.000
10.221.000
4,700,000
4,100,000
16,705,000
400,000
800,000
600,000
5,520,000
»OOv/ (UUU
900,000
885,000
15,700,000 11,429,727

871,174
800,212
377,495
116,963
250,162

1,8,000

39,000,490

68,569,670

895,520
506,607
2,793,361
255,000
850,000
2,761,843
605,000
290,000
1,269,000
552,000
2,119,610
1,650,000
397,313
859,921
1,694,441

20,674,812
18,194,923
42,605,764
4,181,585
2 0 ,020,101
54,892,667
3,202,982
3,776,847
25,307,523
9,885,801
42,369,878
37,732,303
10,342,284
22,94*^,414
17,166,376

377,072
736,241
755,000
149,978
1,469,078
1,530,322
50,000
250,000
597,688
623,365
664.S48
1,514,855
288,148
871,482
318,222

20,121,446
16,053,463
41,603,942
5,094,737
22,991,454
45,414,761
6,331,814
3,822,033
19,720,464
8,761,568
25,963,296
21,055,347
8,287.728
15.208,659
16,619,866

390,943
602,833
1,029,505
129,465
914,230
1,286,353
527,190
194,595
1,129,826
393,160
1,395,974
3,320,252
292.323
386,614
302,595

187,110
217,730
226,310
8,000
445.340
499,320
12,500
88,000
194,970
78,210
641,630
549,000
109,860
353,140
250,530

176,185
142,731
263,842
47,963
304.660
510,537
33,150
36,393
157,679
89,126
287,415
150,453
111,612
304,269
242,428

104,054
123,378
172,553
4,735
436,482
429,835
11,000
102,000
43,843
45 267
200,696
597.13.2
69.649
182,233
193,057

637,473
456.115
994,174
552,942
1,815,980
1,306,258
491,288
154,835
854,987
1 TO,023
1,099,817
2,860,328
395,638
522,249
334,387

2,758,443

1,812 223.210,920 101,348-391 1 135,753,922

Middle Western States__________

517,339
336,616
108,992
187,998
352,566
45,590
203,969
250,134
34,992
142,627
567,§22
994,2154
167,064
42,801
15,400
201,655
324,783
46,831
133,717
226,180
69,021
351,287

508.0(H)
364,300
1.169,450
3,260,99.1
2,166,000
3,031,843

.

S t a t e s ________________

199,488
453)996
93.896
I'M ,226
370,270
1,880,921
219,047
144,887
60,770
367,685
251,420
75,14.:>
215,770
843,409
655,780
815.790

375,621
165,987
200,035
211,534
394,013
1'5,700
806,102
356,430
218,160
226,201
77,020
1.T05.987
93,183
116,950
70,603
303,631
106,733
97,391
141,713
252,666
127,611
373,692

57,704,487
31,117,787
22,450,293
12,835,747
31,163,405
2,295.043
19,743.08S
25,766,834
10,011,892
14,593,5*71
26.528,473
88,498,539
14,381,563
8,832,465
2,230,798
12,489,870
7,030,731
3,035,034
10,877,862
35,078,556
21,003,760
41.483,826

92 10,326,960
7,529.770
87
5,025,000
54
3,310,000
25
7.,3?6,7Q0
81
750,000
2
3,935,000
3»
7,850,000
74
2.950,000
25
2.830.000
30
5.625.000
6
458 26,989,570
1,900,000
4
1,925 000
7
425.000
2 .100,000
7
2,050,000
7
800,000
4
2,990,000
84
125 10.786,025
4,945,000
9
8,703,500
72

367.403
304.309
321,501
2,406,495
4,479,875
4,52,692
1,303,980

382.060
355.900
108,110
90,520
304,790
75,000
176.900
577,930
119,970
245,570
1,284,700
1,559,800
585,100
139.000
199.000
1,035,020
053.000
274.060
233,390
292,040
331,500
715,400

4,500,285
1,255,847
1,088,885
500,328
2,090,623
400,279
1,013,514
1,199,251
440,875
300,000
4,386,208
1,217,973
269,254
100,000
100,000
205,000
354.300
50,000
200,060
1,952,798
3,210,013
2,614,440

M ississip p i________________________
liO uistana_________________________
New Orleans____________________
Texas
D a lla s ___ ______
___________
F «r t W orth______________________
G a lv eston _______________________
H o u s t o n ________________________

S o u th e rn

2,350,000
17,239,301
51,364,962
30,940, (TOO
28,190,000
1,785,650
3,218,099
7,072.000
150,000
3,630,000

51,230,118
31,995,539
18,250,284
11,625,937
28,540,080
1,021,623
20,265,080
28,927,256
10,767,323
15,297,204
17,994*805
118,297,724
11,433,925
7,187,9vS0
1,635,233
9,825,355
9,365,651
3,958,543
10,906,209
32,241,035
13,954.165
37,949,317

G e o r g ia ___________________________
Florida__________________________

2 , 200,000

2 ,10 0 000

1,406 309,448,079 279,672.327 1,512,473,392

V irgin ia___________________________

Legal
Notes.

$
30,183,738
16,567,968
13,929.580
107,106,445
128,001,373
19,815,830
56,425,982

1,602/000
19,140,795
59,509,890
22,305,000
29,100.000
2,273,985
4,833,600
Hi,590,700
252,000
1
5 150,000
12

• Eastern States__________________

Silver
Treasury
Ccrlijiailcs

Silver.

3,302,310
2,054,000
1,619,442
14,916,625
18,404,000
3,411,138
9,574,000

352
40
4
4
160
64S
36
30
24
77.
18
W ashington City________________

Other.

Individual.

$
9,476.000
5,310,000
5.735,000
33-278,000
27,050,000
7,200,250
20,205,030

80
57
50
IS2
24
23
80

•Connecticut________________________

Surplus.

Gold
Gold and
Gold Cl'g H . Treasury
Certificates. Certificates.

Loans.
and
Discounts.

Deposits.

Capital.

157

4,392,500
2,985,000
8,477,500
700,000
2,800,000
10,197,500
750,000
500,000
3,245 000
1,460,000
4,971,000
3,000,000
1,752,500
4,417,500
6,704,000

’ W estern States__________________

1,046

56,352,500

17,499,616

333,803,260

10,196.294

277,050.578

12,295,858

3,861,650

2.775,914

12,655.476

W a sh in g ton _______ _______________

-3 j|

1,924,500
1,025,000
943,325
1,330,000
3,925,383
1,930.000
7,227,072
786,900
260.200
435,>500
162,000
363,1.50
31,750

36,457,714
19,956,540
15,578,261
15,740,324
57,4'46,549
34,130,859
52,135,272
11.283,085
5,148,542
9,532,034
2,649,716
7,003,774
1,120,629

739,726
1,409,085
374,985
1,314,844
1,999,525
995,103
6,724,818
476,049
96,910
215,382
150,000
199,874
99,677

28,753,590
16,290,342
9,752,925
12,409,701
45,089,145
31,706,595
62,891,291
8,614,352
4.329,646
7,239,368
2,1'88,430
3,897,133
2°3,704

1,967.946
2,307,83$'
1,119,720
4,517,250
4,677,927
4,726,930
9,137,030
506,055
296,425
1,143,776
129,690
325,190
55,630

276.740
122.880
102.270
42.000
313.950
2,507,570
1,734.210
60.S10
15,300
415,040
3,330
77,940
1,600

312,843
148.850
138,515
135.011
450.764
202,721
542,395
95,651
51,533
87,714^
16,664
75,350
2,364

173,267
76,540
66,330
9,406
89,439
63.126
27,042
45,075
14,665
15,160
802
26,261
1,185

265,631
124,258
72,134
56,784
214.415
603,574
147,842
169,039
43,189
152,108
17,193
1S1.400
3,475

5,673,700

2,266,375

608,298

2.111.042

15,000

16,985
359

87
9,299

90
20,000

122

South D akota_____________________
N e b r a s k a _________________________

79
179
4

O m a h a _______ _________________
K ansas_____ _______________________
Kansas C it y ____________________
W ich ita ..... .......................................

191
2
4
32
27
84

W y o m in g _______ __
___________
C o lo r a d o ____
Denver______ __
______
New Mesclco _
O k la h om a________
Indian Territory___________________

6

32

122

I d a h o ____________________________
U t a h .......................................................
Salt Lake C ity___________________
N e v a d a ................................... ..............
A r iz o n a _____
Alaska (N ov. 12 1906)_____________

34
13
4
5
14

2

3 ,90<l.000
1,750.000
2,260,000
1,250,000
9,105,300
5,350,000
12,800,000
1,7.50.000
855.000
1.100,000
907.000
755,000
100,000

Pacific States___________________

382

41,882,300

20,364,880

268,183,299

14,795,977

233.406,222

30,971,404

610,000

101,750
10,000

957,439
277,674

331,356

1,029,979
70,870

308,860
10,000

45
103
9
11

Hawaii (N ov. 12 1906) .
P orto R ico_________________________

1

100,000

$
728
77
128
25
57
65

$
18
2
5
1
13

157)
19
51
lOj

s
14
1
4
1
2

s
175
23
29
5
76
11

1 1 16
- 1
5
1 1 3
2
3

S
144 54
20 12
7
22
16
3
34 16
0
10
5
3

s
22
5
1
3
6

s s $ $ $ S s
2 27 14 3 12 25 21
2 3 8
1 8 1
1
1
"i 'I
'l
- - f 5 ‘ i 5 15 '81

3 2
3 1
1
1 1

1

1
1„
l

T o t a ls ________ 275 1,319 43 26 346*261 102 14 4 49 24
1 C a p ita l.............. 27 llOj 2
Surplus ............. 18 109 2
27 .
7! U nalv’d profits K
Circulation —
(1
54) 1
Due to bitnks.. 76 52024
Xi Due depositors; 133 479 12
Oth. liabilities.
20
4
2
3
Totals ............... 275 1,310|43




~2 22 29 " 7 s 5 1
31 ?8
7 4
1
? 1
4
5
1 15 16
7 4
5 m
?6 3 1
15 144 113 43 26 1
3
4 1 -5
26 346 261 102 44

*

1
1

s 5 $
16 24 213
3 6
3 8
1 1
5 11. *61
1 1?
1
1
3 4 1 a 39
1 1 1 l 10
10
1
1
2

3 4
1 2
1
2 2
2 4 19
j> 14 19
—
1
5 24 48

13
6
?,
1 3
8
a
12 : «
17 43
5
1
103
«

4 5
1 2
1
2 4
5 15
18 21
1 3

8 S $ s s s
22 5 7 2 113 43
3 1 2 1 19 4
1
3
5 7
2 1
1
8 '2 "3 *1 35 25
1
3 1
1
2 2 1 - - — 19 5
6 2
1
1 — -- 1
1

2

2
2

9 12

.1
6
2 4
1 -9 12

16
11
6
1 14
1 85
2 73
-b

3
3
1
2
47
34
--

I s

J Total
j United States.

1 .
« 3 -

Total
Other Cities.

I Salt Lake City ■

3

I Denver.

eo
1

$
s
$
s S S
32 21 8 2,257 2,248 4,505
7 5 1 311 425 736
13 1 296 364 660
172
1
95
77
8 16 *3 581 585 1.166
1 1
120
8 128
29
19
10
1
88 417
7 4 2 329
39
105
66
1
58 174
~i ?
116
36
63
1 ... l
1
27

5 $ S s s
6 4 13 16 63
1 1 3 3 20
8
1 4 2
2
‘ 2 ‘ 2 5 '6 20
3
___
5 2 11
1 1
1 1 --

S $ S
8 5 23
1 1 3
1
1
"3 *2 9
1
1

i

j San Francisco.

e
a
«

1Portland.

1Kan. City, K .

i Omaha.

CQ

9

-

-- --

5 209 90 14 9 42 11

1 1 1
_

c
&
§
-5

I Lincoln

1

\
I Kansas City.

8
K
■S
"S
& a
< A 3
8
Ci <a 5)

$ $ $
22 33 27
3 6 4
2 3 1
1 1
"7 11 9
1 1

25 4 6 5 4
15 1 3 3 2
6 1 1
10 2 4 3 1
187 12 10 14 11
141 18 36 20
-- 1 1
3
84 31 51 387 38 60 46|41

9
4
1
4
26
34
6

Cedar Rapids. 1

Minneapolis

!
g

St. Paul.

$
51
6
4
1
14
1

I

Detroit.

$
54
12
9
3
16
1

1
a
e
a

5 24 48 43 103 84 31 51 387 38 60 46 41

~6 ~2 T
3 1
3 1
11 in
?.?. 10
4
49 24

1 1
1
1
1 1

•2
Chicago.

I*. $
i
* IM
§ 3 8
a a 3
5
Q 3
•5 <3

Columbus.

|

New Orleans.

£

Savannah.

1

c
e

Cleveland.

Loans, dtsc.,&c.
U. 8. Bonds___
Stocks, txls. ,<tc.
Real Estate,<fcc.
ct Hue from b ’nks
Clear. H. cx cb .
S Nat. Bk notes.
C io M .................. Ifi
o Silver________
4
(X
I .c«U tenders. _ 4
Otli. resources.
1

4
*§
1 s

£*
s

§
§

Cincinnati.

$
1(16
15
8
5
48

1

i
a
'j

Baltimore.

Totals 1or
Reserve, Cities. &c.
In M illions.

Boston.

J

United States-----------------------------

|

20,090
9,386
15,000
17,344
1,100.849
318.860
331.356
1,235,113
710,000
111,750
5
6 .2 8 8 )8
S60.930,6241524,969,813
6 0 ,9 3 0 ,624|524,9 69 , S13 4,115,650,294 15V .362.143 4.463,267.629 187,250,124 229,523,340 25.086.481 79.262,008 173,780,969
6.288

Island possessions _______________

1 1 3
1
— 1
1 1 2
7 3 14
6 4 21
--

8 30 30 127 61 64 16 4,190 3,965 8,155

1
1

1

j
fa
3
--

!
2
4
--

1
1
_
j
S
17
2

2 i3 5 3 1 357 504 861
280 245 525
2 2
1
74
1 2 1
341 545
1 12 5 3 1
1,4<>6
211 1,677
33 11 16
21 69 3ft 139 10 1.739 2,534 4,273
38
2 1

5 209 90 14 9|42 11 s 30 30 127 61 64 16 4,190 3,905 8.155

1534

THE CHRONICLE.

[V o l . l x x x i v .

ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER NOVEMBER 12, 1906.
No
of
Banks
Maine___________
New HamphKireVermont _______
Massachusetts___
Boston ______
Rhode Island___
Connecticut_____
New England States.

Albany____________
B r o o k ly n ________
New Jersey__________
P ennsylvania_______
Philadelphia______
Pittsburgh_____ ___
Delaware ___________
Maryland____________
B a ltim ore ________
D istrict of Columbia.
Washington C ity ..

Deposits.

Surplus.

Other.

Loans
and
Discounts.

S
31,610,170
17.581,842
14,467,35S
113,535,934
143,676,718
19,343,854
53,804.108

S
591.573
1,081,790
608,070
2.412.998
3.675,454
719,922
747,802

$
32,117,071
16,361,388
14,580,986
122,575,988
169,600.861
24,644,022
56,954,129

%
1,064,214
457,944
376,593
2,334,093
5,735.035
336,126
1,635,278

S
396,550
83,930
87,690
707,500
8,769,510
251,070
640,000

$
124,227
143.44S
100,937
639,310
471,331
71,546
272,626

S
285,824
292,762
153.10S
1,472,860
3,497,234
225,893
805,012

S
390,009
382,057
331,894
3,022,113
4,248,471
469,403
1,181.911

Southern S tates.

Middle Western States.

51.787,024

394,019,985

9,837,609

436.834,445

11.939.287

10,936,250

1,823,426

6,732,693

10.025,858

39,657,380 21.843,895
105,750,000 107,035,000
2,100,000
2.165,000
1,602,000
2,350,000
18,819,088 16,491,025
59,682,625 49,642,012
22,305,000 30,605,000
29,100,000 27,885 000
2,273,985
1,756,150
4,791,100
3,056,613
12,590,700
6,722,300
252,000
150,000
5,150,000
3.540,000

230,690,667
633,805,821
10,511,818
16,787,577
122,938,115
325,080,832
153,781.526
107.556,808
8,726,116
26,274.524
42,583,838
1,244,039
21,256,295

4,771,913
14,747,106
289,887
309,931
775,539
5,227,196
6,417,522
2,647,502
100,549
626,000
3,103,274
175 000
3,931,070

193,600.580
674,453,922
18,806,909
14,343,804
104,710,571
274.778,209
178,736,877
142,328,904
8.657,453
20.558.525
54,738,710
1,128,748
21,780,763

4,000,811
56,328,028
376,060
226,199
1,237 697
7,997,525
8,010,333
4,992,982
123,872
416,467
465,952
39 190
58,510

3,023,790
90.032,700
715,000
797,400
1,341,370
3.387,960
6,092,890
4 763,870
50,350
230,670
1,680,340
47 OcO
1,471,600

1,033 568 2,236,017
850,435 12,466,858
95,000
51 790
713,726
90,477
509,544 1,941,551
1,634,801 3,543,057
648,912 4,435,541
429,321 3,176,694
223,648
67,981
380,959
120,188
112,339 2,289,504
12.390
4,243
665,264
61.124

5.216.118
40,217,530
1,036,904
663,996
3,073.184
6,888.892
3.176.988
3.953,406
200.191
580,190
772,724
20,500
366,437

84,273.626 113,634.990

5.614,733 32.180,125

66.167.060

5,981.889
3,296.529
1,823,250
941,935
3,509,123
350,000
1,484,407
2,374.193
1,285,800
1,438,366
2,637,500
10,535,355
910,000
1,110,000
85,000
940,000
314,000
1,029,750
3,000,169
2,100,000
2,784,565

50,888.051
30,082,090
18,069,881
11,153,817
28,301,870
1,027,776
18,693,811
26,908,555
9,500,959
13,312,024
18,240,102
117.166,284
11,057,789
6,733,681
1.524,995
9,426.731
3.713.452
9,624,470
31,472.465
13,770,536
38,443,910

1.226 118.321,295

47,931,831

324 31.862,820
10 12,800.000
9 350,000
7
9
3,550,000
203 17,175.060
5,000,000
7
362 25,976,000
13 25,050,000
84
8,855.000
4
4,150,000
114
9,557,500
5,750,000
6
230 10,088.500
5 4,700,000
6
4.100,000
289 16,705,000
400,000
3
4
800.000
3
600,000
5,425,000
91
2,600,000
5
900,000
3
8 16,100,000

12,340,752
6,240,000
3,750,000
1,002,000
5,795,259
2,284,200
11,565,670
13,730,000
4,014,262
1,250,000
2,962,400
2,090,000
2,841,946
3,052,083
1,945,000
4,730,003
210,000
340,000
120,000
1,614,566
2,425,000
350,000
12.421,651

1,790 221,494.880

43.122.489 1.708.623.975
4,359,254
1,231,778
871,929
597,551
1,513,366
251.771
814,441
700 805
399,875
300,000
2,890,530
1.411,796
209.326
100,000
155,000
50,000
105.911
1,950,903
2,551,701
2,365,842

55.832,828
29,713,388
21,222 033
12.746.719
30.974,443
2,673,051
18,625,417
26,076,288
10,311.251
13,413.759
29,229,718
92,273,368
12,703,272
8,200,849
2,063,995
11,862,560
3,429,678
11.536,403
34.866.194
20,410,783
42,072,356

906.064
714,398
395.853
108,923
262,550
3,900
198,976
466,394
99,967
123,905
867,655
2,133,478
145,150
134,205
92,478
310,755
86.729
161,414
779,429
694,600
730,656

416,440
342,420
157,730
120,900
288,760
80,000
167,680
563,450
138,480
303,720
1,268.970
2,182,200
330,000
143,700
128,040
1,833,180
187,300
166.270
287,420
271,000
894,820

366,849
198,251
206,791
188,509
376 780
21,186
257,151
416,489
167,373
161.088
72,077
1,566,597
87,971
52,315
65,420
114,745
59,531
140,800
237,347
98,282
266,618

652,735
358,126
120,612
281,639
475,392
42 600
121,493
360,490
46,250
116,857
256,906
1,289,854
120,308
22,546
15,525
249,807
65,443
134,628
194.624
93,021
398.546

1,882,542
630,776
590,984
453,156
1,362,157
26,722
532,048
1,039,591
390,537
325,476
413,278
4,358,680
857,340
661,000
212,210
598,036
153,370
274,288
629,064
991.318
1,237,513

469,113,255

22,891.779

490,238,353

9,417.479

10,272,480

5.122,182

5,417.402

17 520,086

147,469.162
38,493.276
33,438,843
16,725.788
87,563,574
19205,569
144,656,015
146,127,230
66,617.777
22,140.776
68.165,296
34,312,751
58,379,540
19,826,352
21,548,203
75.921,392
2,086,165
3,288,833
2,071,496
23,516,794
32,496,890
4,873,527
66,362.935

3.412,363
3,016.473
1,566.318
500,575
2,686,065
1,576.235
6,268,963
4,291,338
1,098,759
1,227.022
976.686
1,505,537
770,000
986,584
1,482,706
2,640,270
175,000
875,737
62,838
697,600
2,063,006
231,642
3.449.813

140,211.928
50,812,913
51.807.762
16 055.083
72,396.264
25,373,040
128.501,005
205,211,178
58,504.141
23,004,303
54,354,656
32,078,747
52,905,760
29,796,708
23,157; 33
78.041M 5
5 ,4 8 * *48
7 ,1 0 * JS0
2,487 589
21,110,504
40,354,526
8,419,575
103.825,421

3,937,521
439,610
2,206,820
575,930
2,505,444
791,245
3,390,264
7,189,238
2,037,812
983.219
1,697,599
1.244,050
1,756,555
737,293
1,122,055
1,821,038
151,763
134,869
154,143
663.187
1,856.812
249,755
2,731,225

1,256,780
2,553.800
1.409,920
581,970
1,050,220
1 745,100
1.807,880
31,282,170
600,000
181,990
788,730
1,062,000
582,750
1,043.250
939,660
060,860
226,140
110,840
20,000
166.030
2.298,480
69,430
12,837,920

802,671
103,227
169.576
104,154
641,348
104,408
983,196
549,069
361,475
85,470
345,915
171,092
422,975
113,795
178,117
575,981
35 508
61.328
6,629
215,841
210,105
45,296
249,223

872,721
436,410
379,000
267,766
784,368
317,862
1,067,392
8,520,307
579,484
16,641
399,008
969,099
373,882
142,675
258,503
673,368
78,166
53,342
30,000
180,910
983,036
79,566
2,998,266

4.092.225
2,903,971
1.659,274
717,023
2,203,717
761.640
3,499,153
11.552,864
1,425,410
1,510,949
1,317,611
1,305,879
1,072,672
1.082,149
1,068,008
1.904,100
99,400
378,970
120,997
608,357
769,000
562,945
4,062,830

41,561.530 1,230,997,829

6 536,399 20.461.772

44.739,144

97.074.792 1.135,288.190

38.377.447

63,281.920

120
79
176
4
5
186
2
4
33
26
82
6
31
121
154

4,300,000
2,980,000
8,387,500
600,000
2.800,000
9,772,500
750,000
500,000
3.145,000
1,435,000
4,796,000
3,000.000
1.710,000
4.351.000
6.609,000

796,013
436,629
2,551,442
330,000
850,000
2,581.518
580,000
279,500
1,117,500
400.750
1.984.735
1,343.201
369,950
707,418
1,498,807

23.082,030
19,070,339
40,392,161
4,270.085
20.137,913
50,916.385
3,120.067
3,742,292
25.999,238
10,397.092
41.667,279
37,265,215
9.815.781
19.687.252
15.309,921

382.153
691.681
605,000
149,853
1,430.780
1,524,850
50.000
250,000
527.278
597,048
564,653
1,457.411
296,239
718.478
262.375

20.871,427
16,420,024
40.015,380
5,541,494
24,496.914
43.720.308
6.027.199
3.534,190
18.743.674
7,982.865
25,186,224
21.763,767
7,653,565
14,507.426
16,178.531

384,331
473,284
1.087,937
108,250
844.395
1,261,539
603.520
232,960
980.821
324,430
1,243,703
2.820,585
266,792
344,861
281,409

207,010
197,430
208.520
6,300
688.420
470,670
10,500
83,000
303,150
64,400
540,690
522,000
80,500
334,810
285,280

161.653
143,109
275,300
55,700
248.885
462,454
27.917
44,813
137,045
83,316
250,079
196.595
91.650
244,832
234,103

137,489
145,127
191.070
3,700
390,091
422,457
9,500
55.000
48,544
25,379
253,585
310,527
52,422
197,039
189,341

791,995
509 083
1.084,532
616,270
2,134,368
1.268,550
394.386
72.501
533,556
182,131
1,081,810
1,881,557
269,645
513,492
338,823

1,029

55.136,000

15,827,463

324,873,050

9,508,159

272,642.988

11,258,817

4,002 680

2,657,451

2.431,271

11,672,699

35
4
44
3
98
9
10
32
13
4
5
14
2

3.900.000
1,750,000
2,235.000
1.250,000
7,847,800
5,350,000
12,500,000
1,670,000
855.000
1.100,000
907.000
755.000
100,000

1,611.200
933,000
762,834
1.350,000
3.193,902
1.910,500
7,042,072
695.100
227,300
382.600
126.500
332,000
16,350

36,217,006
21,047,314
15,406.618
16,381.273
51,334,800
33,382,338
55,101,796
11.151,911
5,203.708
9.204.107
2,447,349
6,114,087
1.005,737

537,858
1,330,621
324,454
1,278,566
1,853,514
995.062
5,778,252
408,816
99.663
212,156
48,019
199,984
100,000

27.693.564
16.816,832
9,561,878
11,631.387
38.389.220
30,455.802
66.847,151
7.696,513
4.129,634
7,012.540
1,629.853
3,655,402
211,833

1,957.356
2.922,865
1,010,417
4.024,370
3.438.397
5.980,113
8.197,963
448.537
278.472
1,046,957
175,485
260,405
24.345

320,070
120,060
94.350
30,500
227.510
112,520
2 069,260
65.210
11,850
219,320
1.340
73.570
2.040

274,107
122,404
119,006
161,051
355.142
232,601
295,953
71.222
55,385
83,831
18,235
57,000
1.013

186.472
44,838
69,467
14,057
72,322
61,478
21,606
55,472
9,254
3 043
1.159
14 875
265

379.841
166,250
96.284
98,329
215.143
496.189
95.042
208,901
38,152
161,390
12,518
155,211
780

North D akota___
South D akota___
N ebraska_______
L in c o ln ______
Omaha_______
Kansas__________
Kansas C it y ..
W ich ita ______
M on tan a _______
W y o m in g ______
C olorad o_______
D enver_______
New M exico____
O klahom a______
Indian Territory.
W estern States .

Legal
Tender
Notes.

495 108,168,800

91 10,272,450
7,297,770
86
4,415,000
53
3,235,000
25
6,953,300
78
2
750,000
36
3,835,000
7,645,000
73
24
2,885,000
2,730,000
30
6
5,625,000
464 28,929,375
4
1,600,000
1,750,000
7
525,000
3
2.100,000
7
800,000
4
33
2,940,000
122 10,578,400
9
4,945,000
69
8,510,000

Ohio ___________
Cincinnati____
C levela n d ____
C olu m bu s____
Indiana _________
Indianapolis . .
Illinois ................
C h icago______
M ichigan_______
D etroit_______
Wisconsin , _____
Milwaukee____
M innesota______
Minneapolis___
St. Paul......... ..
Iow a_____ _______
Cedar Rapids.
Des Moines___
D u b u q u e ____
Missouri________
Kansas City___
St. Joseph____
St. Louis_____

Silver
Treasury
Certificates

Silver.

S
3,282.701
1.939,200
1,561.810
14.387,275
17,904,000
3,389,238
9,322,800

1,381 303,473 878 273 241,995 1,701,237.976

Eastern States .
Virginia_______
W est V irginia..
North CarolinaSouth Carolina.
G eorgia _______
S av an n ah___
Florida________
A laba m a ______
Mississippi_____
L o u is ia n a _____
New Orleans.
Texas ________
D a lla s ______
Fort W o r th ..
G alveston ___
H o u s t o n ____
W a c o _______
A r k a n s a s _____
K e n tu c k y _____
L o u is v ille ___
Tennessee_____

Gold and
Gold
Gold Cl'Q H . Treasury
Certificates Certificates.

Individual.

S
80
9,476,00C
5.310.00C
57
50
5,735,000
181 33,192,500
24 27,050,000
7,200,250
23
8C 20,205,050

345
40
4
4
151
640
36
30
24
76
18
1
12

New Y ork .

Capital.

W ash in gton ________
Seattle __________
Oregon______________
P o rtla n d _________
C a liforn ia__________
Los Angeles_______
San Francisco____
Idaho ______________
U t a h _______________
Salt Lake City_____
Nevada _____________
A rizona_____________
Alaska (Sept 4 1906).
Pacific States.

273

40,219,800

18.583,358

263,998,044

13,166,965

225,731,609

29,765,682

3,347,600

1,846,950

554,308

2,124.030

Hawaii (Sept 4 1906).
Porto R i c o _________

4
1

600,000
100 000

101,750

975,321
268,078

313.191

934,828
41,469

330.810
10.105

1,130
15.000

29,924
170

24
2,138

10
25.000

Island possessions.

5

700,000

101,750

16.130

30,094

2,162

25 010

United States_____

6 199

1,243,399

313,191

976,097

340.915

$

Loans, disc..&c. 170
U. S. Bonds___ 13
Stocks, bds. ,&c. 12
2
O D ue from b ’nks 51
a Clear. H. cxch . 22
3 . Nat. Bk notes.
1
S G o l d ......... ........ 14
4
a Silver__________
Legal tenders..
4
2
Oth. resources.

• Real Estate,Ac.

1
0
a
a
J

97
Surplus_______
18
Undiv’d profits
7
Circulation____
9
Due to ban k s.. 83
D ue depositors. 147
Oth. liabilities.
4

s $ $
$
$ $ $ $ $ $ $ $ $ $
675 19 14 179 142 55 22 3 29 12 3 4 23 20 51
74 1 1 22 20 10 9 1 6 1
3 8 11
133 5 4 29 ?,?,
1
? 9
7 i
26
4 16
3 3
1
1
3
72 13 3 76 28 18 5 - - 7 4 1 2 11 7 14
2 ?.?.
267
4
4 1
1
1
3
1
9 9
V 1
1 1
146 1
14 10
13
1
5 ? i
1
5
40 1 1
3
4
1
? 1 3
15 2 2
4
1
1 -- -- 2 2
1
1
1,462 49 28 358 252 103 43
51 23
42 40
?
106
107
2
27
1
52
1
501 25 5
649 11 17
1

22 29

13
31 28
7 4
4
5
2 1
15 16
7 4
125 60 25 3
160 110 46 25
1
4
3 1

13
3 1
?, 2 6
1
1 1 2
1 3 'i
3 5 8
1 11 8 "2
14 11 22
1 21 10 1 1 18 16 42
6 1
1 1
3
51 23

42

$ $ $
52 16 25
6 3 6
? 9
1 1 1
12 4 10
1
1

9

10
4
1
4
25
35
4

S $ s
205 23 32
15 3 5
18 ?
1
63 8 10
15 1 1
1
?
38
1
9
1 1 1? ? 1
2
1
1 2

*
30
4
1
1
8
?

9 2
1
1 1 2

377 40 58 49

i-

25

1 1

1

10

19

$

16

1

3

I

Total
United States.

3

Total
Other CUtes.

1
a.

C
£

Total Reserve
Cities.

1

Denver.

j

1

$
$ s $ S $ $ $ $ $ s
%
S
23 5 7 2 104 41 8 6 24 6 4 12 17 67 31 22 8 2,192 2,228 4,420
3 1 1 1 19 4 1
3 2 18 6 4 1 294 418 712
2
3
?
7
T
‘i
12
- 666
304
9 1
1
i
1 1
73
94 167
9 2 2 1 36 25 3 2 8 2 2 7 5 23 8 17 3 581 559 1.140
1
1
1 1
R 9
365
11 376
1 $ s S

1

$ t

1
1

1
1r»a
i 5 , |ou

1 16
1?
6
15
72
70
3

1 2 14 1 ?. 3
1 6 1 1 1
2 4 10 2 4 3 ' i
‘l
4 15 169 9 10 16 13 '6 6 1
17 21 150 23 35 21 23 2 4 2
1 3

0
*

San i^rancteco.

1
O

§
c
e
X

Seattle.

d l

£
5
§

Wichita.

|

6.
a
*
t-

St. Joseph.

!

i

Lincoln.

8

45
’o
a

St. Louis.

f

|

Des M oines.

-

St. Paul.

0
c>

3

Chicago.

I

Cleveland.

*

Cincinnati.

i
5
s
a;

5

$

oqt; 1,462 42 28 358 252 103 43




*
Galveston.

I
■cr
?

New Orleans.

g

Savannah.

|Baltimore.

|Pittsburgh.

|Philadelphia.

1
*

|Brooklyn.

1
N

I Albany.

Totals for
Reserve, Cities, &c.
In M illions.

|Boston.

||

847514,653 504,548,213 4,289,773.899 140.401,722 4.366.045,296 185,373.253 205,492,050 23,631.235 67,779.733 152,273,887

3
?

2
2 ' l ’ I 2 "1

‘i

15 5 ‘ 2 8
7
5 \ 21 3 4 18
1
nn j j g 13

42
35

*:

10

1 9
1
1 2
—
7“
1*
1 1
1 1
1 1
1
1

1 __

1

1

58 64
—
13
1
7 9 1
2 2 1
’ l 11 5 3
5 34 9 17
22 61 34 39
1 1

1

305
51
93
33

20
86
40
59
37

29
391
91
152
70

15 4,300 3.914 8.214
7
349 498 847
273 232 505
105 183
78
1 198 338 536
3 1,397 203 1,600
10 1,939 2,491 4.430
47 113
66
15 4.300

8.214

S S a u f e j e r s '

Wall Street, Friday Night, June 28, 1907.
The Money Market and Financial Situation.— There is a
better feeling in Stock Exchange circles if the volum e of busi­
ness and the tendency of prices are a criterion of the prevail­
ing sentiment. The change dates from M onday, when the
total transactions were the smallest in recent years and prices
near the lowest. It was stimulated, no doubt, b y increasing
hopefulness in regard to the growing crops, which have de­
veloped rapidly during the week, and later, perhaps, b y the
more favorable financial situation abroad. From whatever
■cause, it has resulted in more activity and a substantial re­
covery in prices in the security markets. It did not, how ­
ever, make a success of the New Y ork City bond offering
to-da y, bids for o n ly $2,121,840having been received forth e
proposed issue of $29,000,000.
The sum of $7,400,000 gold has been engaged for export
during the week, making the total to date $25,900,000, and,
as noted above, the financial situation abroad is easier.
This gold m ovem ent, together with preparations for the
■approaching half-yearly settlements, has given a decidedly
firmer tone to the local m oney market. Call loans were
made at 12% to-day, the highest in recent months.
Some of the railroad reports given out this week, notably
•that of the Atchison system, show a large increase in the
traffic handled, and if the present crop prospects continue
good to the end, a large business for the coming season seems
assured to railroads throughout the West and Southwest.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 12% . T o-d a y ’s rates on call were 6 @ 1 2 % .
Prime commercial paper quoted at 53^% for endorsements
and 5 3 ^ @ 6 % for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £124,111, and the percentage
o f reserve to liabilities was 42.70, against 47.30 last week.
The discount rate remains at 4 % as fixed April 25. The
Bank of France shows an increase of 8,325,000 francs in
gold and a decrease of 475,000 francs in silver.
N E W Y O R K C IT Y C L E A R IN G -H O l'S E BA N K S.

1907.
June 22.
$
C a p ita l______________
129,100,000
Surplus......... .................
161,720,600
Loans and d iscou n ts.. 1.134.352,800
Circulation___________
50.434.600
Net deposits__________ o l , 106.982,000
208.290.500
Specie________________
Legal tenders_______
74.081.600

Differences
from,
previous week.
$

1906.
June 23.

1905.
June 2

$
$
117,472.700
115.972,700
149,236,400
139,492,800
1.057.758.300 1.102,812,700
48,471,300
48,060,700
1.049.472.300 1,146,792,900
188,883,800 214,369,600
84,397.200
87,423,300

D ec.
D ec.
D ec.
Dec.
Inc.

5.403,100
42,800
7,290,300
1,765,700
1,055,100

Reserve h e l d _______
25 % of deposits______

282,372,100 D ec.
276.745.500 Dec.

710,600
1,822,575

273,281,000
262.368,075

301,792,900
286,698,220

Surplus reserve____

5,626,600 Inc.

1,111.975

10,912,925

15,094.675

a $31,734,900 United States deposits included, against $31,639,400 last week and
$15,489,700 the corresponding week of 1906. W ith these United States deposits
■eliminated, the surplus reserve would be $13,560,325 on June 22 and $12,424,475
on June 15.
N ote.— Returns of separate banks appear on page 1530.

Foreign Exchange.— The foreign exchange market was
generally lower this week, influenced b y the cessation of
gold exports, by relatively higher rates for m oney on time
here than for discounts abroad, which encouraged the ne­
gotiation of finance bills, and by some speculative selling.
Gold shipments to Paris $3,650,000 and to London $3,750,000.
T o-day's (F riday’s) nominal rates for sterling exchange
were 4 8 4 ^ for s‘ xty-d ay and 4 88 for sight. T o -d a y ’s
(F riday’s) actual rates for sterling exchange were 4 8 3 6 5 @
4 8375 for long, 4 86 70 @ 4 8075 for short and 4 8 7 60 @ 4 8770
for cables. Commercial on banks 4 83 20 @ 4 8330 and docu ­
m ents for paym ent 4 8 2 ^ @ 4 S'S%. Cotton for paym ent
4 8 2 @ 4 8 2 % , cotton for acceptance 4 8320@ 4 8330 and
grain for paym ent 4 8 3 )^ @ 4 83% .
T o-d a y ’s (F riday’s) actual rates for Paris bankers’ francs
were 5 1 9 % @ 5 19% a for long and 5 1 6 ^ a @ 5 16}^d for
short. Germany bankers’ marks were 9 4 ^ @ 9 4 11-16c? for
long and 9 5 ^ @ 9 5 3-16 for short. Am sterdam bankers’
guilders were 40 3 5 @ 4 0 37 for short.
Exchange at Paris on London to-day 25f. 14|^c.; w eek’s
range, 25f. 15c. high and 25f. 1 4 ^ c . low .
The week’s range for exchange rates follow s:
—Cablet----------------- Short-------------------------Long-----------Sterling, Actual—
|4 8810
14 8725
@ 4 8730
H ig h ______ 4 84
@ 4 8410
@ 4 8815
|4 8660
14 8760
@ 4 8670
@ 4 8770
L o w ............4 8365
@ 4 8375
Paris Bankers' Francs—■
H igh ........... 5 18%
@ 5 18%
5 16%
@ 5 15%
5 16% a
@ 5 16%<i
L o w ......... -5 19%
@ 5 18% o
Germany Bankers’ Marks—
H igh---------- 94%
@ 9 4 1 l-10d [ 95%
@ 9 5 3-16
L o w ---------- 94%
@ 94%
I 95
@ 9 5 1-16
Amsterdam Bankers' Guilders—
H igh ............................. @ ..........
| 40 35
@ 4 0 37
L o w ..... .......................
@ ..........
j 40 33
@ 4 0 35
Less:
Plus:

a 1-16 of 1% .
k 1-16 of 1 % .

d l-3 2 2 f l % .
x 1-32 of 1 % .

h 3-32 o f 1 % .
y 3-32 of 1% .

The follow ing were the rates for dom estic exchange at
New Y ork on the undermentioned cities to-day: Savannah
buying, 50c. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston, $1 per $1,000 premium. New Or­
leans bank, 20c. per $1,000 premium; commercial, 15c. per
$1,000 discount. Chicago, 20c. per $1,000 premium. St.
Louis, 40c. per $1,000 premium. San Francisco, par.




1535

THE CHRONICLE.

J u n e 29 1907.]

State and Railroad Bonds.— Sales of State bonds at the
Board limited to $1,000 Va. 6s deferred trust receipts at 24.
The market for railway and industrial bonds has becom e
more active in sym pathy with the shares market, the trans­
actions on Thursday am ounting to $1,200,000, against
$700,000 on M onday. Prices, too, have advanced, but on a
moderate scale.
There have been almost no exceptions to the general
tendency of the market. Am ong the strong features are
Atchison conv. 4s, Brooklyn Rapid Transit con v . 4s, Dela­
ware & Hudson conv. 4s and Northern Pacific 4s, which
are from 1 to 2 points higher than last week.
United States Bonds.— Sales of Governm ent bon ds at the
Board include $9,000 3s, coup., 1908-18, at 10234 to 1 0 3 ^ ,
and $10,000 4s, r e g .,1925, at 128% . The follow ing are the daily
closing quotations; for yearly range see third page following.

2s,
2s.
3s,
3s,
3s,
4s,
4s,
4s,
4s,
2s,

1930 __________ registered
1930_____________ coupon
1908-1918 ____ registered
1908-1918_______ coupon
190 8-1 918..small coupon
1907 __________ registered
1907_____________ coupon
1925 __________registered
1925_____ ________ coupon
1936.Panama Canal regis

Interest
Periods

June
2i

Q— Jan
Q— Jan
Q— Feb
Q— Feb
Q— Feb
Q— Jan
Q— Jan
Q— Feb
Q— Feb
Q— Nov

*104 %
*105
*102%
*102 %
*101%
*100%
*100 %
128%
*128%
*104%

June
24

June
25

June
27

June
28

*104%
*105
*102%
*102%
*101%
*100%
*100%
*128%
*128%
*104%

*104%
*105
*102%
103%
*101%
*100%
*100%
*128%
*128%
*104%

June
26

*104% *104% *104%
*105
*105
*105
*102% *102% *102%
*102% *102%
*101% *101% *101%
*100% *100% *100%
*100% *100% *100%
*128% *128% *128%
*128% *128% *128%
*104% *104% *104%

10234

* This Is the price bid at the morning board: no sale was made.

Railroad and Miscellaneous Stocks.— During a large part
of the week the stock market has been m ore active and firmer
in tone than for some time past. The transactions on Mon­
day aggregated only 140,250 shares, and the lowest prices
of the week were also generally reached on that day. From
the prices then recorded there has been, notwithstanding a
decline averaging over a point near the close to-d a y, a re­
covery of from 3 to 7 points in practically the entire active list
and the daily transactions have increased nearly fourfold.
Union Pacific and Reading continue to hold an im portant
position as leaders of the market, over 40% of the total busi­
ness of the week having included these issues, and they covered
a range of 8 and 7 points, respectively. Southern Railw ay
preferred has been a notably strong feature, selling to-day
103^ points above last w eek’s closing price. Fluctuations
have been wide in Great Northern, Northern Pacific, Cana­
dian Pacific, North West, and Delaware & Hudson.
Not m any industrial issues have been conspicuous in the
week's operations. The Copper stocks have been strong
features of this group, m oving up from 5 to 6 points in sym ­
pathy with the general market. Other changes unim portant.
F or daily volume of business see page 1543.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow :
STOCKS.
, Sales
W eek ending June 28.
/or Week.

Range since Jan. 1.

Range Jor week.
Lowest.

Alice M ining___________
450 $4 June
Balaklala Copper______ j 2, ,000 $ 8 % June
Bethlehem Steel Corp__
400 10% June
Cent & So Am Teleg____
32115 June
Chic Un Trac trust rects. 1 715
3 June
Federal Sugar Refining250 59 June
General Electric rights. - 14 ,767
1 June
Great Northern subscrip­
tion rects, 50% p a id ..; 6 ,533 118% June
L aclede Gas, pref______
200 90 June
N Y & N J Telephone__ '
10110 June
Ontario Silver M in ing...
100 4% June
St L & S F — C & E 111
new stock trust ctfs. _$ 10 000! 6 2 % June
Sou Pac pref subscrip’n
rects, 1st paid_______ ; 4 534107 June
do
full paid____! 3 265106% June
100 15 June
W estern M aryland_____

Highest.

Lowest.

\ Highest.

28: $4% June 2 7 1 $3
24 $ 9 % June 22 $7%
25i 11 June 28i 10
26.120 June 25! 115
28 3% June 26; 3
24 59 June 24| 42
26; 1% June 27j
1

June $7% Jan
June $9% June
May 20% Jan
Ju n el43
May
June! 3 % M ay
Feb 62% June
June 2
May

24il24 June
27 90 June
24110 June
22 4% June

June 130% April
June 90
June
Mch 115
Jan
May 8% Feb

26 115
271] 90
241108
22; 4

26| 62% June 20

60

Mch, 71

Feb

June
24:110 June 28; 106M June! 110
24 109% June 28! 106% June 109% June
April 30% Jan
24 15 June 24 15

Outside Market.— A fair amount of activity and a higher
range to prices have been the characteristics of the outside
m arket this week. A better tone has prevailed, and most
stocks close substantially higher. Copper shares showed
continuous im provem ent. Greene-Cananea, one of the
most active issues, m oved up from 153^ to 16 % , closing
to-day at 163^. Boston Consolidated Copper was strong
and rose from 23^g to 27% . British Columbia Copper ad­
vanced from 8 % to 9 and back to 8 % . Butte Coalition
gained about 3 points to 2 5 ^ . Davis Daly Estates and
Nevada-Utah were both active and strong, the former run­
ning up from 11% to 1‘2J4, and the latter from 4 % to 6,
with the close to-day at 5 % . Dominion Copper advanced
from 53^ to 6 ^ , but sank back to 6. United Copper com ­
mon from 62 m oved up to 64 and back finally to 6 3 ^ .
Gold Hill advanced from 1% to 2 % and Trinity Copper
from 2234 to 23% . Nipisslng was quiet but strong, selling
up from 11% to 12 and down to 113^- Micmac suffered
a loss of i y s points to 53^, but advanced finally to 5 % . In ­
dustrials were quiet. American Writing Paper preferred
sold up 2 points to 22 and American T obacco from 325 to
335 and back to 330. Western Ice was conspicuous. After
an advance from 33% to 3434 >it dropped to 33 and to-day
to 3034- Standard Oil m oved up from 502% to 506, but
subsequently reacted to 505.
Consolidated Steamship
sold down from 3 to 2 J-g and up to-day to 3 % . Manhattan
Transit ranged between 5 % and 5 % . Chicago Subway ran
up from 21 to 2 4 % , ending the week at 24:%. Adams E x ­
press new 4s, w. i., were dealt in for the first time between
96 and 963^.
Outside quotations will be found on page 1543.

New York Stack Exchange—Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G
STOCKS--H IO H B S T A N D LOW EST SA LE PRICES.
iSa vrday.
June 22

Monday
June 24

Tuesday
June 25

Wednesday
June 26

Thursday
June 27

Friday
June 28

TW O

PAGES

ST O C K S
N E W Y O R K STOCK
EXCHANGE

Range 1or Year 1907
Sales 0)
On basis 01 100-stare tats.
the
Week
Highest
Shares
Lowest

R a ilroads
S83g 897g
8934 9012 9012 92i8 A tc h T o p e k a &, S an ta F e . . 6.2,645
8714 S8I4
8912 90l4
8714 87U
*9234 95
D p p r e f_______________
1,440
93
93
93
9312 93%
02i 2 9212 9212 9212 93
1,030
*96
97
97
99
98
96
96
97
9«
*9712 99
9912 A tla n tic Coast Line R R ____
953S 9534
8,400
93% 9334 94% 9514
951* 9573
93
95l2 9612 l_)altlm ore & O h io_________
9314
I)
Do
p re f
____
*84
*84
87
*85
87
*85
87
*85
87
*85
87
87
5234 53%
5434 5534
53
55
5658 B ro o k ly n R a p id T ra n sit____ 34,930
5412 563s
533s
5334 5 %
*
* ____ 75 B u ffalo & Susque, p r e f____ ______
75 * ____ 75 *
75 *
75
167 16712 16712 I68I2 16812 17014 17012 17138 16978 1717g 1713s 173 /'C anadian P a c ific ___________ 13,175
64% *6234 64l4 16214 63 v v a n a d a S ou th ern _________
975
*62
633s *63
6312 §621S 6218 63
400
*170 185 *170 185 *170 180 *170 185 ' *170 180
175 175 Central o f N ew J ersey______
343., C hesapeake & O h io _________ 20,350
32U 3212 32l8 3234 333s 34
3314 34l8 34
33U 3414
600
17
*16
16
17
17
*•15
18
*15
l912
17
1912
1712 C h icago & A lto n R R _______
300
54
D o p r e f .. ______________
59 * ____ 59 * .
59
54
5312 53i2
53*2 5312 *
1034 11
* 1012 1034
2,600
10
I d s 1012
1012 1034
10%
1012 1118 C h icago G reat W e s te rn ____
7219 *68
D o 4 % d eb en tu res______ . . . . .
72U *68
72i2 *68
70
*68
7212 *68
7212 *68
100
D o 5 % p re f “ A ” _______
50
50 “ *45
50
50
45
45
*45
*43
*45
*4312 48
lfe l 1434
2,300
1434 1434
1434 15
1534
D o 4 % p re f " B ” _______
14i2 1412
15
*1414 15
125 125
12512 12578 126U 128
12734 12914 128 1293g 12818 1303g C h icago M llw & St P a u l____ 38,210
1,312
D o p r e f___ :________ _____
148 148 §14534 146 *145 148 *146 149 §149U 14914 14812 149
D o c o m c t fs 25 % p a i d . .
2,626
§108 108 §108 108
llO U 112
111 11212 11134 11212 112% 11312
1303s 131
D o p r e f c tfs 25 % p a i d . .
3,270
13U 2 13218 133 133
183 13314 13234 1333,
13014 131
141 141
145 147
146 1477S C h icago & N orth W e s t e r n .. 13.854
14112 14178 142 14534 144 147
D o p r e f__________________
*205 209 *205 215 *205 211 *205 220 *205 215 *205 220
150
*125 135 §130 130 *125 135 *125 135
125 125 *125 135 Chic St P M inn & O m a h a ..
D o p r e f______________ .
*150 180 *150 180 *150 170 *150 180 *150 180 *150 180
* ____
7 * ____
7 * ____
7 * ____
7 * ____
7 * ____
7 C h icago T erm inal T ra n sfe r.
20
20
20
20
D o p r e f _______ __________
20
*18
*15
*15
*15
20
*18
*15
*27S 334 *3
4
*3
4
200
4 C h icag o U nion T r a c tio n ____
*3
314 314
312 *3
D o p r e f__________________
*14
*16
18
*15
*14
18
17
1712 *1519 18
*1512 18
6312 64
900
65
66 “ 66
6614 66I4 66I4 663s Cleve Oln Chic & St L _______
*6112 6312 *62
D o p r e f__________________
*95 105
*95 105
*95 105
*95 105
*95 105
*95 105
2212 2258 2212 2312 2312 25
23
23
24l4 257g 25U 2573 C olorado & S ou th ern _______ 14,700
5834 5834
D o 1st p re fe rre d ________
2,740
59%
59
59% 6012
5912 6034 6012 6034
5834 59
4434 4612 4512 4612 *4612 49
D o 2d p r e f e r r e d ________
3,900
46U 4734 4634 4714
*43>2 45
16719 16812 170 170 T 'je la w a r e <fc H u d s o n _______
2,2,31
162So 1627s 16212 16212 164l2 167
167 168
200
*449 465 *449 465 *450 460 *450 460 *450 465
462 46219 A -'e la w a re L a ck & W estern
*24
25%
26
25
4,045
25% 265s
2&U 2638 26
2612 263s 265S D en v er & R io G ra nde_____
7034 7034 §70
72
72
860
73
70
§72
71
71%
7212 *70
*62
*62
74
*63
*6112
*6412 74 D e tro it U n ite d _______________
*1012 1 » 2 *1012 1234 *1012 ’ 12^4 *1019 12% D ulu th So Shore & A tla n tic
*1012
*1012 ’ 12"
*171, 22
D o p r e f__________________ ” "596
2 0 " *19
22
21
22
22U 22%
20
22
22
2134 22
223S 23I4 23
2312 23% 2312 23U 237s p i l e ................. ............................ 14,300
2112 21%
563d 5712 5712 58U
587s
L j D o 1st p r e f___________
2,000
56
58
56
58
59
*5534 5614
3734 3812
Do
2d p r e f___________
1,600
*36
37
3778 38
*36U 37%
3714 377g 3712 38
*65
70
*65
*65
75
75
*65
75
*65
75
*65
75 E v an sv ille & T erre H aute
*85
os
*85
05
*85
05
*85
05
D o p r e f____ _____________
*85
95
*85
95
125 1251g 12518 1261s 126*8 129
1285s 13112 129% 13134 130 13214 G reat N orth ern p r e f_______ 48,035
8,850
5134 52U 53
T e m p c tfs fo r ore p r o p ___
54
51
55
5012 51
5'4% 5612
55
5714
G reen B a y & W , d e b c t f A .
Do
d eb c t f B _
*712 8i2 *7% 812 *712 812 *712 812 *8i4 812
30
30
3014 *19
*20
3OI4 *20
3OI4 T I a v a n a E le ctric___ _______
*19" "3OI4 *19
*19
* ____ 95 * ____ 95
H
D o p r e f_______________
95 * ____ 95 * ____ 95 * ____ 75
H o ck in g V a lley tr re c ts ____
410
80
78
§78iS 78ig
*'
’s'fi"" H o ck in g V a lle y , p r e f_______
*79
T lllnols C en tral..... ................
140 141
1393s 140
” 2",300
*135 14114 13712 137i2 138% 140
139 140
1519 1714
16% I 6I4
16iS I 6I4
I6I4 1678
16i2 1634 A n te r b o r o -M e t r o p o lit a n ___ 12,600
15l8 1534
4584 47
4334 47>2 4219 4334
17,700
44
45
*44U 45l2 45
4514
177g 19 Io w a C en tral________________
900
1734 1734 *1719 18
1734 1734 *1714 18
*17i2 18
D o p r e f . ___________.____
387g 3878 383.} 387g
1.510
*38i-> 40
3878 3934 39% 393S 3912 3978
7334 7334 *72
*72
75
100
*72
75
*72
75
*72
75
75 T 7 C F t S & M, tr cts p r e f . .
24
25
600
*23
*23
25
25
2512 2512 *2414 2512 25I4 25l4 fV a n s a s c i t y S ou th ern ____
D o p r e f_______________
5634 5634 *56
*5434 57
57
900
*55
57
57
57
57lg 5734
23
*16
23
*16
23
23
23
23 T ake Erie & W e s te rn _____
*16
*15
*17
*1£
D o p r e f ________ ______
*55
65
*55
65
*55
65
63
*55
64
64 JLj
*55
*55
*45
K'5
*45
55
*45
55
*45
♦45
55
*45
55
55 L o n g I s l a n d ___ __ ________
2,900
115 116 L ou isville & N a sh ville _____
U I I 2 I U I 2 11112 111% 11214 1125s 113% 114% 114 115
132 133
132 132% 132 13214 13214 132U A/T anh atta n E le v a te d _____
2,210
*130 13214 *12914 133
*
etro p o llta n S tre e t_______
90 * ____ 90 * .
400
85 *
85 * ____ 85 *
91
*1934 20%
1,400
20
20
*1912 20
*1912 20
20U 2012 M exican C en tral____________
1934 20
4334 4334 *42
4234 M inneapolis & St L o u is____
800
43U 4334
44
*42
42
*43
45
44
D o p r e f__________________
85
300
*81
85
83
83
*81
85
*81
85
xSOb. 81
*81
1,930
§97
97
102l2 10219 10212 IO8I2 107l2 IO8I4 M inn St P & S S M arie_____
9912 99% 101 101
D o p r e f__________________
675
*126 130 *126 130 *12712 132 *12712 132
135 135
135 137
3212 3319 3338 34U
3112 3112 SUs 32%
3312 34I4 3334 3414 M o K ansas & T e x a s ________ 16,600
D o p r e f__________________
504
*631t 64
64
64
*6318 64
*6314 6412 6412 6419
*631s 64
7434 7512
8,900
*72
74
7212 7312 737s 75
77 M issouri P a c ific _____________
75k 7618 76
*120 130 *120 130 *120 130 *120 130 *120 130 *120 130 TVT ash C h att & St L o u is ____
200
*4818 4914 *4818 49I4 *48% 4914 *4812 4914
4914 4914 *491g 50 i ^ at o f M ex, n o n -cu m p r e f.
*
90 *
20 *
20 * . . 20 *
90 *
90
D o 2d p r e f____________
1101s 1105a H O Sslll
112 11312 11258114 x V llii 113 N Y Central <fc H u d s o n ____ 21,625
11138 113
1,500
36
*36
38
37
37
361S *3 512 38
38
39%
3912 3978 N Y Chic & St L o u is _______
* ____ 115 * ____ 115 * ____ 115 * ____ 115 * ____ 115 * ____ 115
D o 1 st p r e f_______________
*
D o 2d p r e f_______________
85 * ____ 85 * __
85 * ____ 78 * ____ 80
85 *
*160 16378 *15912 16378 §16014 I 6OI4 *15934 16234 162 §1621s 162 §1623S N Y N H av en & H a r t f o r d .. ” *331
3578 36
3,030
347s 353g
*34
35
36
36
3414 343s
3612 3714 N Y O ntario & Wre s t e m ____
*72
7434 7434
747s 76 N o rfo lk & W e ste rn _________
*72
74
74
74
74
3,135
7414 7434
D o a dju stm en t p r e f____
*70
*70
80
85
85
*75
85
§8412 84%
12234 12278 123* 123% 12373 12634 126U 12834 12678 1293s 12712 13014 N orthern P a cific ____________ 82.955
D o subscrip re c ts _______ 15,030
110% 112%
*108l2 110
IO8I2 109
1095s HOI2 110% 111% 11034 112
4,420
*92
9734
9734 98
98
94
*93
98
*93
98
97
987g T J a clftc Coast C o ___________
*92 102
*92 102
*92 102
*92 102
*92 102
*92 102
*o2 104
*94 104
*04 104
*04 104
*07 100
D o 2d p r e f____________
*94 104
11834 119!* 11918 1197o 120 121
120U 121% 120U 12114 12078 I223g P e n n s y lv a n ia ............... ........... 73,801
70
70
70
72
*65
*65
*69
70 P ltts b Cln C h ic & St L _____
*65
*68
*68
70
*85
05
*85
05
*85
05
*85
05
*85
95
*85
95
1011s 1033s 10234 10412 103 10478 1037s IO6I4
503,290
9938 101
9914 997s
*8014 84
84
*80
*8014 84
*81
*80
84 -EV 1st p r e f________________
84
2d p r e f ________________
*78
82
80
200
82
80
80
80
*78
*78
*78
207g 2134 2 Us 217S 21
2134 2112 2214 R o c k Island C o m p a n y _____ 28.800
20% 207g
197s 20
4334 4412
4434 45
46
D o p r e f_____________ _____
5,050
45
443g 45
4378
*4214 4312 43
*6134 65
900
6612 *64
66
68 St L & San Fr, 1st p r e f____
65
67
*6114 65
*6114 65
3,850
347s
D o 2d p r e f_______________
3512
3114 3310 34
3412 3412 35
3112 3112
3112 32
2019 *19
200
2014 St L ou is S ou th w estern _____
*1812 2012 *18% 2ylo *19
2012 20
*1812 20
2,300
4734 5019 50% 5 U2 51*4 5134
5119 5214
*50
D o p r e f . . _______________
53
52
52
787S 8019 S outhern P a cific C o ________ 61,135
78% 7914
76% 78l8
781* 791?
751* 7512
7512 76U
1113s 1113S 1113s 1113. 112 11234 11314 114
5,988
11334 11412 T i l l 11112
1734 I8I4
1834 193g
1934 203* Southern v tr c fs s t a m p e d .. 15,420
181* 195g
1712 171,
18% 1919
4,510
D o pref
do
6012 6018 61
69
6OI4 6OI4 60
63i2 6312 64
6912 71
26
2812 3012 2878 3034 rT ’ exas & P a cific____________ 11.900
27
27I4 28
2712
2614 26U *25
JL hlrd A v e n u e ( N . Y . ) ------- __
*105 110 *105 110 *105 110 *105 110 *100 110 *105 110
*24U 26
*2434 26 T o le d o R a ilw a y s & L i g h t . .
200
*2414 26
*2412 2534 253g 25U *2434 26
273g
1,600
27
27U 27%
27I4 2738 2714 2734 *2634 2714 T o l St L & W v tr c t fs --------2712 27U
4919 495s
2,080
D o p r e f v o t tr c t fs _____
*48
49U 49%
4912 49
49U
4914 493s
4914 4912
92
92
94 T w in C ity R a p id T ra n sit—
*92
910
93
93
93
94
93I4 9314
9314 9312
13114 1321« 13112 13318 13338 1357. 13534 13758 136 138l2 1367g 13912 1 Tnlon P a c i f i c _____________ 568,100
D o p r e f _____ _______
750
§85
85
*83
85
84
84
85
85
*83
8512
85
85

BANK S

AND

T R U ST

COM PANIES— B R O K E R S '

S8 5s M ch l4
92 M ch25
92 M ay 2 7
90ig M ch25
85 J ’ne 19
45i4 M ch 14
83 F e b 16
155 M ch23
60 M c h l4
165 M ch25
3134 M ay27
U % M a y 20
50 J ’n e l 8
9l2 May27
70 J 'n e l 7
43 J ’ n e l /
12% M ay23
122N M ch25
145 M ch25
107 M a y 2 /
126i2 M ay28
137l2 M ch25
200 A p r 4
120 M ch25
160 Jan is
5 M ch28
9 M ch27
27g M a yl5
lli ^ M c h H
63 M ch26
101 M a y l3
21 M ay27
50 M ay22
40 M ay27
160 J ’ ne 5
445 M ch26
24 M ay27
6978 M ch25
61 J ’n e 15
934 M ch l4
19 M ay27
20 M ay 2 8
5138 A p r 15
3312 M ay28
90 A p r 4
122 J ’ne 3
49i2 May27
8 M ch 9
30 A p r 23
72 A p r 1
753s M ch 28
8312 M ch 2 8
134 M c h 26
15 J ’ne 13
42U J ’ne 27
173J J ’ne 24
30i8 M ch25
70 J ’n e 11
18 M ch 14
45 M ch25
19U M ch 18
55 A p r 2
52 M ch 13
108 M ch25
129 M ch25
83 M ay29
15 M ch 14
42 J ’ne28
* 80% J ’n e 28
90 M a y 28
123 M ch 14
30U M ch 26
59 M ch 26
64 M ch 14
119 M ch 22
48% M ch23
2038 M ch 26
IO8I4 J ’ne 3
35 M ay28
109 M ch25
70 M ch 26
159l2 J ’ne 4
3l3g M ay28
71 M ch 14
80 M ch 14
I I 4I4 M ch25
106% M ay28
90 M ch 15
95 M ch 20
114 M ch 14
66 M ay28
91 J ’ne 3
91 M c h l4
80 May24
77>2 M ay24
1778 M ch 26
4034 M ch 26
59 M ch 18
29 M ch25
18 M ch 19
45I4 M ch25
6934 M ch 14
IO9I4 May27
17 M ay27
53 M ay28
2 434 M ch 25
101 M ch 14
24 M ch28
2334 M ch26
45 M ch 8
8734 M ch 14
120U M ch 14
84 J ’ne20

Bid




Ask

Lowest

Highest.

108% Jan 7
S538 M ay 110i2 Sei»
1015s Jan 12 *98 D ec
106 J a n
133's Jan 5 13Us J ’ly l677g J a n
122 Jan 5 1Q534 M ay I25ig S e p
041 *>Jan. 10
91 O ct
99i2 J a n
83% Jan 7
71 J'U94>s J a n
83 Jan
87 Fet>
8534 F eb 8
19»i9 Jan 4 1553s M ay 20l i 2 D e c
707g Jan
6 5 W a n 14
65is J ’ne
2 l9 i2 Jan 2 204 M ay 2397g M a y
65% A u g
56 Jan 5
5II2 N o v
2712 Jan i
35% O c t
25!8 Sep
70 D ec
69 Jan 5
7714 O c t
16 J ’ne
23% J an
18 Jan 2
86i2 J a n
7919 Sep
79 F e b 25
80 J a n
713, F e b 14
70 D e c
247g N o v
39% J a n
26i8 Jan 5
157i2 Jan 14 114619 D ec 19958 D e o
I65I2 Jan 5 1160 D e c 218 A u g
141 Jan 14
149 Jan 15 ____ ____ ____ ___ _
205 J a n 10 192 A p r 240 J’an
234 Jan 10 225 A u g 270 M ch
170 Jan 8 168 J ’ne 198 J a n
165 Jan 19 175 N ov 202 J a n
934 A p r
934 F e b 21
I 8I4 J a n
25 D oc
4234 J an
25 Jan 11
37g M ay
1334 F e b
6i4 A p r 3
H7g J ’ly
19^8 Jan 'J
47i2 M ch
9278 J an 7
89 D ec
1097s J a n
108U Jan 7 110 J ’ly 118 J a n
2912 Jan
38^8 J an 9
41 O ct
6619 A p r
69U Jan 7
73is F e b
58I9 Jan 8
59 D e o
43 ” M ay
227U Jan 2 189 M ay 23434 N o v
510 J a n 24 4*734 M ay 560 M ay
Si7g J a n
427g Jan 7
365g M ay
837g Jan 10
83 O ct
9 li2 J a n
80is Jan 16
79?8 D e c 102 F e b
227g J a n
19i2 Jan 5
16 J ’ly
32 A p r
45 J a n
39 Jan 4
4414 Jan 6
507g Jam
38ig M ay
7434 D e c
757g J an 7
83 J a n
6212 A p r
76% J a n
67 Jan 7
68 D e c
76 J a n
80 J ’ly
94 A u g
92 A p r 5
18934 J an 2 c i7 8 D e c 348 F e b
7034 D ec
85 D e o
85 Jan 5
8 li2 N o v
92i2 J a n
1134 O ct
1 4 W a n 17
23i2 Jan
47 Jan 3
33i8 J an
53 A u ?
77i4 J an
86I2 Jan 4
9734 M a y
_________
114 M ch 6
V 2I2 N 0V "99% J ’n o
94 Jan 5
172 Jan 3 164 M ay 184i2 J ’n o
335g J ’ne
39 J a n 23
553g M a y
75»4 Jan 7
7038 J ’ly
87% M a y
287s Jan 4
3434 Jan
24 J ’ly
6334 J a n
51 Jan 7
48 J ’ly
80 J a n 10
77 O ct
84i2 F e b
3034 J an 5
2278 J ’ ly 37% J a n
71 Jan
6134 Jan 8
49 J ly
447g Jan
2812 J an 12
2712 J ’ly
§9219 Jan
75 Sep
671? A p r 26
8134 Ja n
6 II.1 O ct
67i2 Jan 9
145ig Jan 5 136i4 M ay 15619 Jan
162 J a n
146 F e b 13 140 Sep
127 Jan
107 J a n 23
103 J ’ly
1838 M ay
29i2 D e o
275g J an 5
58I9 D e c
84i4 Ja n
59 Jan 15
90 A p r
100i4 Jan
90 Jan 24
134 D e c
140i4 J an i
164 M ch
18334 Jan
168 J an 3 16319 A p r
29 M ay
445g M ch 1
435s N o v
64I4 A p r
7234 J an 4
76 N o v
9234 J an 5
85'-2 M ay 106*4 Jan
147 Jan 8 133 M ay 149i2 J a n
593S Jan 9
36 A p r
59% D e c
I 8I4 J ’ne
27 F e b 14
30 D eo
13434 Jan 10 126 N o v 156I4 J a n
U3i2 Jan 7
59 M ch
7319 A p r
110 Jan 16 111 A p r
1207g Jan
9134 Jan 7
92 D e o
80 M ay
189 Jan 9 18919 D e c 2047g J a n
483* J » n 5
5714 J an
4334 M ay
92U Jan 5
84 F e b
97% O c t
90i2 Jan 10
8912 A p r
96 J a n
18912 Jan 7 17914 M ay 232i2 F e b
134 r e b 13 ____
142 J ’n »
124‘g Jan 7 103 Jan
106 Jan
105 Jan
125 M ch 8 10512 Jan
135 M a y
14l3g Jan 8 122i2 J i y
147I2 Jan
75 M ay
78 Jan 22
87 J a n
IO5I2 Jan 5 100 M ay 109 A u g
139ig Jan 7 112 May- i l6 4 Jan
89 Sep
92 Jan 7
96 J a n
102 Jan
94 Jan 8
90,
22i2 ^
J iy
32% N o v
3018 Jan 5
60 J ’ly
69*4 A u g
6412 Jan 5
60 F e b
70 Jan 11
72% A p r
40i2 J iy
4838 Jan 5
51i4 F e b
2019 M ay
2512 Jan 7
27?8 J a n
4834 M ay
62l2 F e b 15
63% S ep
61 M ay
96i4 Jan 14
97i2 Sep
118ij Jan 14 116 J ’ly I20i2 j ’n *
31% N o v 427s j a n
34 Jan 5
9319 D ec 103 J a n
9419 Jan 5
28 " M ay
3718 Jan 7
40% O c t
123 Jan 8 121 N o v z l3 9 i2 Jan
25I4 D e c
29 J a n 7
36 J a n
3334 Jan T>
2514 J ’ly
4019 J a n
547g A p r 12
43 J ’ly
5978 J a n
IO8I2 Jan 7 102 D ec 12214 Jan
183 Jan 5 138U M ay 195% S ep
96 M ay z
9119 M ay
9914 Jan

QUO TATIO NS.

Ask
Bid
Bid
Bid
Ask
Ask
Ask
Bid
B a n ks.
B anks.
BanksB a n k s.
____
C h e m ica l___ 395
Im p & T rad 550
M etropolis ’ 390
405
565
F ifth A v e ll- 3900 4200
N ew Y o rk .
165
In te rb o ro U. 150
C itizen s’ Ctrl 140
145
F lfth . . . . . . 340
157i2 M e tro p o ll'n l 155
____
Irv in g N E x 185
Mt M orrlsll. 240
A e t n a ______ 215
225 C i t y ............... 247
253
First _______ 615
630
195
280
290
Jefferson U -. 205
530 C oal & I r o n . 230
M utual 11—
A m e r ic a 1T._ 515
245
14th Street t! 225
300
220
195
200
230 C olo n ia l!!___ 700
195
L i b e r t y ____ 500
N assau 11—
A m e r E x c h . 220
F o u r t h ____ 185
510
L i n c o l n ____ 1000
N ew A m ster 190
200
360
B a ttery P a rk 122l2 132U C olu m b ia fl- 500
525" G a lla tin ____ 350
M anhattan r. 295
330 C o m m e r c e .. 168
B ow ei-y H___ 320
174 G arfield ____ 500
525
310 ' N ew Y o r k Co 1200
N ew Y o r k . . 290
170 C o n s o lid a t’ d 165
M arket & F ul 255
300
B u tc h ’ s& D r 160
175
G erm an Am i! 140
150
265
____ M echanics’ . 230
C en tu ry TI___ 190
N ’ht & D ayll 400
410
C o p p e r ____ 215
223
G erm an Ext! 420
240
. . M ech & T ra H 163
____
C h ase_______ 300
19th W a rd 1! 290
350" C orn E x ch f 295
305
G erm an ia 1f_ 500
170
C h a th a m ___ 305
270
315
160
G reen w ich If 2H5
295
M e r ca n tile .. 230
240 N orth A m e r 260
D isco u n t 11- 150
____ E ast R iv e r . 150
N o rth e r n ___ 172
182
C hels’ a E x c Tf 200
290
M erch E x ch 185
160
H am ilton 11. 260
195
205
H a n o v e r ___ 495
505
M erch ants’ . 158
275
165 O riental U .. 265
F id e lity U _. 195
* B id and asked p rices; n o sales w ere m a d e on this d a y .
t E x -r lg h ts .
i Less th a n 100 shares. If S tate b a n k s, a E x -d lv ld e n d
t Sale at S tock E x ch a n g e o r at a u ctio n this w eek , c E x ben eficial Interest la ore p ro p e rtie s , h 1st ln sta l’ m t p a id ,
n S old at
B anks

Range for Previous
Year (1906).

B anks.
P a cific H___
P a r k .............
P e o p le ’ s 11..
P h e n i x ____
Plaza U____
P ro d E x ch 1
R iv e rsid e If.
S e a b o a rd ___
S e c o n d ____
S t a t e ’ I..........
34th S tre e t.
12th W a rd 11
23d W a r d ll.

Bid
230
425
300
155
570
160
250
350
700
360
220
■450
190

A sit
250
435
165
___m
176
260
370
____
__
230
----- -

and rig h ts. ftN e w s to c J
p r iv a te sale at this p n c f

Jtjhe 29 1007.]

STOCKS--H IG H E S T A N D LOW EST SA LE PRICES.
uu,y
June 22
26
40
13
2384
11
26
16
16
383s

Monday
June 24
22
38l4
13
23%
*10
*22
*12
*16
*35

1537

New York Stock Record— Concluded— Page 2
Tuesday
June 25

Wednesday
June 26

23
40
13
2312
11
26
16
18
383g

25l2
4012
*12%
23
*10
*22
*12
*16
*37

26
4312
13
23
11
26
16
18
3S8s

30
29
4612 45i2
13lg
13i4
2334 23i2
1184
11%
25
*23
15
*12
1612
16%
383g *37

STOC KS
N E W Y O R K STOCK
EXCHANGE.

Friday
June 28

Sales o1
Week
Shares

Range /or Year 1907
vusd10 'y/ lWOWt/c w/w.
Lowest.

Highest.

Range lor Previous
Year (1906).
Lowest.

Highest.

20 J ’ne 17
U n it R y s I a v 't o f San Fran
62 J a n 7
50 A p r
98 J a n
1,850
D o pref
71% J a n 7
55 A p r
93% Ja n
37 J ’ne 18
4.595
18% Jan 5
18 D ec
26% Ja n
1.011
11% May27
W T abash __________________
w
D o p r e f.......... ..............
38% J an 7
2,741
21% M ch 25
36% D ec
53% F e b
2134 F e b
1684 J a n 7
16 A p r
W h eelin g & Lake E rie______
1,820
9% M ch 4
3784 J an 5
300
22 M ay22
D o 1st p r e f _____________
36 M ay
48% F e b
2134 Jan 10
D o 2d p r e f---------------------800
13 May21
21% O ct
29% F e b
W isconsin C en tral___________
630
16 M ch 14
25% Jan 12
23 M ay
33 J a n
51% J a n 7
36 M ch 14
44 J ’ly
64 J a n
400
D o i)re f__________________
Industrial & M iscella neous
*312 340 {325 325 *312 330 §325 325 *125 150 *126
110 §280 M ch 14 §330 J ’n e 20 §24Q J ’ne §300 A u g
A dam s E x p re ss____________
934 93j
9-34 984 *9
IOI4 10% *10
16% J an 5
IOI4
9% M ay21
11
16 J ’ly
1,765
27% J a n
IOI3 10% ^ llls -C h a lm e r s _____________
4384 J a n 3
281g 281g
29
291.
*27
297g 297s *281. 30
D o p r e f_______________
40 Sep
28i2 *26l2 29
430
25 Mcfa 14
67 J a n
8034 82
813s
82lg 8434 837g 8534 837g 85%
92% J ’ly 118% F e b
81
84^4 861. A m a lg a m a te d C o p p e r____ __ 168,520
78% Moh26 121% Jan 5
*15
18
253g J a n 8
34% J a n
1612
17
1714 *15
17
*15
17
20 J ’ly
161; 17 A m e r A g ricu ltu ra l C hem ical
500 *15
15 May27
85
*75
95
*70
*75
95
*75
95
*70
90 D ec 102 J an
95
95
85 M a yl3
95 F e b 20
*75
23% Jan 7
15
*14
*13l2 15
14
14
16 A m erica n B eet Sugar_______
10% M ay22
35 J a n
1314 13U *13
200
20% M ay
*1314 13i2
* ____ 81i2 * ____ 8112 * ------ 81l2 * ____ 8112 * ____ 80 * ____ 80
80 Jan 21
827g O ct
75 M ch 5
89% J an
5% 58g
5*8 5%
5% J ’ne 19
7% A p r 11
§5
5 A m erican C an _____ _________
*518 58g
5ig 512
1.270
514 5I4
54
54
*52
*52
53
54
54
54
54
54
5414 5414
60% A p r 10
940
48% M ch 26
40i4 4014 *4014 4084
4184 4212
42% 43% A m erica n Car & F o u n d r y .. 11,625
41
41%
4112 42
45% Jan 14 "3284 JTly
31 M ch 25
47% Jan
*9734 99
98
9812 9812 98
98
400
*9714 98I4 *9714 9§14 98
92% M ch 25 103 Jan 12
98% J ’ly 105 Jan
31
28 M ay
*3d 2 3H 2 31
31
3112 3184 3134 31% 3112 311. 31% A m erica n C o tto n O i l . .
..
2,500
27 M ch 25
44% J a n
33% F e b 19
92
92
*85
*85
92
*85
92
*85
*86
92
*86
92
D o p r e f___
___________
88 M ch 13
90 J a n 21
90 D ec
95 Jan
*215 225 *215 225 *210 225 *210 225 *210 225 §221 221 A m erica n E x p re ss___________
25 200 M ch25 247 J a n 5 215 A p r 272 A u g
8% J a n 11
584
5%
57g
5% 55s
*5%
6
7% Slay
1134 J a n
*51a 6I4
£■84
5% M ch 13
578 5% A m erica n Grata T w in e _____
400
*414 434 *414 484
*414 434 *414 412 *414 412
6% Jan 1,6
5% N o v
*414 4% A m erican H ide A L e a t h e r .. . . . . .
10 J a n
4 May2S
30% J a n 7
*17
19
*17
19
*17
J9
*17
19
§19
16 M ay?0
24 N o v
43 J a n
*17
19
19
D o p r e f_____ ___________
’ 50
35% Jan
*64
71
64l2 6412 *63
68
*65
70
73 A m erican le e S ecu rities____
88 J a n 2
947s Sep
68
68
*05
200
62 J ’n e 20
934 J ’ne 3
934 10
*978 10
10
1634 D ec
1914 J a n 10
20% Ja n
978 978
10
*10
12
*978 14 A m erica n L in se e d ___________
631
36 J a n 7
§25
25
35 D ec
5378 J an
*23i2 26
*2312 25
§2312 2312 *2312 25
24 M ay27
19
*2312 25
67
58
7534 F e b 15
57ig
59
58
58%
5714 58«4 A m erica n L o c o m o tiv e ______ 11,900
5334 M ay
56i2 5«%
54% J ’ne 19
78% Jan
5714 5814
*102 105 *102 105 *102 105 *103 107 *103 107 *103 110
103% D ec 120% J an
D o p ref _
___________
101 M eh25 l l l l 2 Ja n 21
4
33g 384 Am erican Malt C o r p ________
*3
5
2% J ’ne 10
*3
*3
5
4
§712 A p r 2
312 3%
4
500
____
____
22 J ’ne 11
*21
*21
25
25
*21
*21
2212 2212 *22
25
D o p r e f__________________
25
25
300
40 F e b 21
- -*
92
*94
94I4 * ____ 94?4 * ____ 92 * ____ 92 * ____ 94U A m e r Sm elters S ec p r e f B __
88 M ch25
93% J an 7 " 92% D ec "I6 i3 4 J a n
11412 115
114% 115% 116% 118% 11734 11912 117l2l2018 *117% 119 A m er S m eltin g & R e fin in g . 70,900 104% M ch25 *155 J a n 7 138% M ay 174 J an
104*8 1045* 105% 105U 106 1061*4 106 10684 107 107
106% 107%
D o p r e f__________________
2,080 100 M ch26 1173g J a n 7 112 D ec 130 J a n
*1921" 210 *192% 210 *19212 210 *19212 200 *19212 200 *192% 210 A m erican S n u ff_____________
§195 M ay29 205 J a n 18 200 J ’ly 220 J an
*90 101
*90 101
*90 100
*90 101
*90 101
*90 101
§95 A p r 1 102 J ’ne 7 10Q D ec 107 J an
D o p r e f ..
_
_____
*684 7
1084 J a n 5
6%
7
*6%
684 684
7
934 N o v
510
5% M ay 22
15% J an
*684 712
7% A m erica n Steel F o u n d r ie s . .
712
471. Jan 7
*36
38
40
34 M c h l4
D o p r e f__________________
300
40 M ay
53% J an
38
*35% 37%
8684 37U *36
3714 3714 *36
*119 121
119% 119% 12014 12118 1211g 122
121% 122% A m erica n Sugar R e fin in g ___
12114 122
2,945 114% M ch 14 137% F e b 13 127% M ay 157 J an
*120 127 *120 127 *120 125 *121 127 *121 126 *121 126
122 M ch 6 131 J'an 2 128% D ec 140 J an
*104 10412 *104 106 *102 105
10534 10584 *105 107
107 109 A m erica n T eleph A T e l e g . .
400 C 104% J ’ne 14 133 J a n 4 130 J ’ly 144% Jan
*91
92
91% 9Hg
9834 J an 5
91
91
9H2 9112 9Hg 91%
1,050
91% 9114 A m erica n T o b a c c o (n e w ), p f
86% M ch 25
96 J ’ly 109 J a n
24% 247g 25
25
25
25
24 M ch 2S 36% Jan 7
2512 2512 25% 25% A m erica n W o o le n ___________
1,000
48 Jan
25U 26
28 N o v
90
*90
1103g Jan
9112 9H2
9112 91% *90
§91
91
91
D o p r e f_________ _________
9612 91
1.468 £90 J ’ne 25 1027g Jan 6 101 J ’ly
5334 5434 5484 57
54
5634 57%
5414
57
67?S dA n a oon d a C o p p e r ..P a r $ 2 5 29,100 $53 M ch 14 30234 F e b 16 '223% M ay 300 F e b
5612 5778
____ . . . .
___ _
*714 734 *7l2 8
7
1,000
7lg 778
$9% M ayi3
*7‘s 7*4
7% 7%
C7 J ^ l S
7% d B atop iU s M in ing . . P a r ? 20
*102 107 *102 112 *100, 112 *100 112 *100 112 *100 112 lir o o f e ly n U nion G a « _ .____
105 M ay29 125 M ay 1 1 0 i% N o v 178 Jan
141, J a n 4
10
10
*9% 11
2134 A p r
*10
*10
10 M ay2 l
*912 11% *10
13
13
13 -I Jrunsw lek D o ck A C Im p t ” '2 56
13% J ’ly
49% Jan 3
44
44
*39
*39
*39
44
*39
44
*39
44
36
36 B u tterick C o ________________
36 J n e 2 8
40 A p r
100
70 M ay
21% 2U S 21
2112 21?s
2112 22
22% *211. 2234 22% 2234 /C e n tr a l L e a th e r ......................
40 F e b 15
3334 D ec
49% Jan
7.650
20 M a y21
107% J an
Do
p r e f_______________
*8912 9212 *8984 9212 91
91
*9012 98
89 M c h 26 102 F e b 8
9834 D ec
91
91
92% 92%
700
305g 32
30
29% 29I4 *29
577g Jan 8
29ig 31
31% 3l7g
83% J a n
27% M a y2l
40% M ay
31% 321. C olorad o Fuel & Iroft_______ 10,700
2384 2334 *22
25
24
24
20 M ch 5
2412 25
710
283g A p r 5
17 M ay
30% N o v
§2414 2414 *24
25% Col * H oek Coal & I r o n ____
1171s 118% 119*2 1191; §120 120
119 120 C on solid ated Gas (N . Y . ) . .
2,400 110 M c h is 140i4 M ch 1 130% A p r 18134 J a n
11634 11634 118 118
*16
17
2434 Jan 22
*16
17
1634 16*4
17
17
17
17% 17% Corn P r o d u cts Refinteig____
28 A p r
l 'l .
15% M ay 28
1,057
18% J ’ly
71 J ’ ne 4
74
7134 7134
*72
*72
74
72
88 J an 28
8534 A p r
D o p r e f__________________
876
741. M ay
*7184 7384 x72% 72%
P
6234 65
6484 6534 65%
63
61 May27
63
66%
5 1 “ Jan
78 F e b 13
7.360
66I4 66%
66% 67 D istillers’ Securities C o r p . .
74-% S ep
*
*
.
*
*120 149
149 * ____150
199 J a n
150 *
136 M ay 15 163 J an 16 138 Jan
150
150 Federal M ining A S m e ltin g .
80 M e h i5
97 J a n 14
*8014 8212 *8014 88
*82
86
84
84
*83
*8012 85
D o p r e f__________________ " " l o o
85
91 J ’ly 112% Jan
*13534 136% 136 136
137 140
138 139
1391; 13912 139% 139% G eneral E le c t r ic . _________
184 O ct
2,535 135U M a y 28 163 Jan 22 z l5 6 D ec
120 120
124 124 *120 130 *120 130 §122% 122% G ra n n y Cot^s M S A P . ___
*117 130
295 1117% J ’ne 14 152 F e b 13 ____ ____ ____ ____
*6
7
*6
7
7
*61» 7
7 M a y is
77s M ay 2 ____ ____ ____
77g
700
81g 8%
*712 8% T n t M er M arine stk tr c t fs
181. J ’ne is
18% 19
*1714 20
21
21
24 A p r 25 ____ ____ ____ ___ _
*1814 20
20U 2014
*- D o p r e f ________________
440
*1812 21
18% Jan 7
IS
13
l l i 4 M ay27
26% Jan
13% lSig
13
13
13
13 In tern ation al P a p e r _______
400
16% Sep
*121.2 1312 *12% 1314
72
*70
72
*70
72i2 71% 71% *71
72
7U2 71% *71
81 F e b 11
90 J a n
Do
p r e f________________
70% M a y22
80 D ec
300
5034 Jan 15
40 M ch 14
*43
59
*43
59
43
43
*43
59
*43
195 Jan
59
*43
59 In tern ation al P o w e r ________
200
48 Sep
24
22 J ’ne 13
*22
25
41 Jan 7
*22
24
24
*22
24l2 *22
100
28 J an
60 M a y
24l2 *22% 25 In tern at Steam P u m p ____
68 J Be 13
81 J a n 14
*69
*6712 7512 7112 711.
72
72
7» Jan
75l2 681s 60
*69
75
450
92 M a y
*651?> 67
75% Jan 24
66
66
661* 67
67
68
*66% 67% M a ck a y C o m p a n ie s_________
1.100 *62% M ch 15
6714 *65
____
*64
66
71 Jan 24
*6412 66
*63
66
65% 65i2 6512 6512 *65
66
D o p r e f. ________________
200 a-63 M ch 15
73% J ’ne 3
86% J a n 15
74
74
75
75
*7312 75
*7312 74
75
600
62 M ay " 791. D ec
7514 *72% 77 ■ R a tio n a l B iscu it___________
*110 115 §110 110% *11014115 *110 115 *11012 115 *110%115
D o p r e f______________
56 110%J ne 4 117% M ch 5 113% Jan
118% O ct
1538 Ja n 5
*11
18% Jan
12
10% M ay28
11% §11% l l 7g *11
*1114 12
1134 I I 84 *11% 12 N at E n am elin g A S tam pin g
110
12 M ay
82
*79
82
*79
82
82
*79
*79
*80
82
D o p r e f..
____________
79 M ch 28
87 F e b 15
*79
82
82 Sep
88% M ch
60
60
60
*58
*5812 60
49 M ch25
7*6% Jan 7
61
61% N ation a l L e a d ____ ________
953g J an
61
61%
3,300
66 M ay
6W4 6 II4
9812 *9712 98U
981. 99
*97l2 99U
99
99
D o p r e f__________________
97 M ay29 103 Jan 5 100% J ’ne 106% J an
9712 9712 *97
400
143.1 143j
1412 1434
1484 1478
15U 151.
16
161.
16% 16% N ew h ou seM ln esA S P a rS lO .
4,300 $14 J ’ne 4 $20% A p r 18
102 10278 1021; 10234 10334 10484 104% 1057g 105 105% N ew Y o r k A ir B ra k e________
101% 102
98 M ay27 141% J a n 7 133 J ’ly I 6384 J an
4,483
72
*68
*68
72
67
68
68
68%
8934 J a n 4
68
687g 69
69 N orth A m erican C o ., n e w . .
65 M ay 20
2.530
87% N o v 107 J a n
*2212 24
24
2414
2434 261f 25% 26 T J a c lfic M all. _____________
211. M ch25
4 i% J a n 5
51% J a n
*2212 24
241. 241?
2884 J ’ne
2,200
85 “ M ch 14
985,8 J an 4
*8912 901- *8912 9012 90*g 90%
91
*9012 9112 91
91
2,200
91% I- e o p le ’ s G as-L A C (Chic) .
88 J ’ly 103 “ J a n
11 J ne 27
*10
16% Jan 15
12% *1012 12% *1012 121. *10l2 12l2
12% P ltts o u rg h Coal C o _________
11
100
18% N o v
11
*11
13% M ay
49 M ch 15
*5012 53
*50
54
*50
54 ' *5012 54
54
621. Jan
*50
*511” 55
50 J ’ly
60% J an 4
*33
34
§333g 3388 §331. 331.
57 Jan 10
3412 35
35
35
35
30 M ch 26
35% Pressed Steel C ar____________
1,595
43 M ay
64% Jan
§8934 89Sj *88
*87
92
92
*88
92
9978 Jan 24
§87
88I4 *87
92
86 M ch 26
23
95 M ay 105 F e b
*158 160 §158 158
15934 160 *158 162 *158 162 *158 162 P u llm an C o m p a n y _________
838 150 M ch 14 181% J a n 8- 180 D ec 270 N o v
*40U 44
*4014 42
*40% 42
41
571. Jan 10
42% 1 ) allw ay Steel S p rin g_____
39 M c b 26
62% Jan
700
44 M ay
4114
4112 4112 42
*8814 91
*8814 91
*8814 91
D o p r e f____________
99% F e b 15
*8814 91
107 Jan
*8814 91
*88% 91
89% J n «13
97% J ’ly
41 Jan 7
27
4134 D eo
*26
27
2678 27% R e p u b lic Iron A S te e l_____ " l’,890
*2434 25% *2434 2512 2512 2578 26
221. M ch 26
22% M ay
81
78
M
ch25
817g 82
82
82
82
100 J a n 7
81U SPo
8112 8II2 82
D o p r e f . . _____ __________
2,450
82%
91 M ay 1101. Jan
*55
55
56
42 M ch 14
7734 J a n 7
155
5512 561;
57
5712 *5612 571.
97% J an
57% 57% Q lo s s -S h e ffle ld Steel & Iron
625
68% J ’ly
97
*92
97
§97
92% 92l4 *90
97
97
D o p r e f . ...........................
*93
§97
92% J ’ne22 107 J a n 11 ' 104% O ct
113 A p r
97
125
_
___
____ ____ 1391s 140
__
140 14012 _
T en n C oa l, Iron ft R R _____
550 130 M ch 26 162 Jan 4 129 Jan {166 N o v
3784 378j
38
38
3712 3712 *3614 3784
38% 38i4 38% 38% ^Tennessee C o p p e r -P a r $25
700 $34% M c h 26 $53% M ch 1 ____ ____ ____ ___ _
*70
74
74
*70
*70
72
*70
72
85 Jan 17
74
*70
*71
79 T e x a s P a cific L a nd T r u s t . .
68 M ch 26
88 O c t
60 M ay
8% Jan 15
512 512 *514 6I4
6I4 *514 6 I4
5% J > £ 2 1
15% J a n
*514 6I4
*5U
5% 5% I Tnlon B a g * P a p e r_______ " “ lo o
5% Sep
57
*5634 60
*5684 60
57
*563.1 60
*5584 59
61 J a n 7
84 J a n
U
D o p r t f . _____________
50% M ch 25
52 O ct
*5614 60
100
*3212
3412 *331. 341;
34U 341:
*3312 341;
30% M ch25
49% J an 5
53 J an
3412 3412 35
35 U S Cast I P ip* A F o u n d r ..
900
43% M ay
79
79
80
80
*79
*80
81
80
89 J a n 15
80
D o p r e f . _________________
74 M ch 26
*75
96% J a n
200
83i4 D ec
79% 79%
112 112 *106 112 *106 112 U n ited S tates E x p re ss_____
*105 113 *105 113 *105 113
100 §95 M ay28 §117 J a n 9 109 M ay 138% J a n
53
53 * ____ 53
*50
53
52
55
55
90% J an 4
55
55
56 U S R e a lty A Im p ro v e m e n t
1.250
52 J ne26
75 A u g
94% J a n
18
*13
*13
*13
17
18
*14
18
*14
17
*15
17 U S R e d u c tio n 4 R e f in in g ..
3014 J an 28
40% J ’n s
12% M ay27
24 M ch
50
*43
*43
50
4734 4734 4734 4734
4712 471. *45 • 50
68 J a n 7
84 J ’na
" ’ 566
40 M ay27
60 M ch
3334 J ’ne 3
*34% 36
*34
36
36
36
361. 37
37
37%
37
38 U nited S tates R u b b e r ___ __
2,180
52% F e b 16
59% O c t
38 J ’ly
9784 99I4 981* 988s
*98 100
98
9912 99% 100
D o 1st p r e f______________
98i2 99
3,001
9784 J ’ ne24 1097s J a n 7 i 10434 J ’ly arll5 J a n
68
*60
68
68
*65
*65
69
78% J a n 7
66
671. 68I4 §68% 68%
D o 2d p r e f______________
510
66 J ’ne26
75 M ay *87% Jan
32% 328s
32U 327g 331g 341.
34
50Ss J a n 7
351*
34l4 35%
50% O ct
3138 M ay27
32% J ’ly
34% 35% U nited States Steel_________ 171,590
97% 99 '
97% 97I4 97'g 9714
D o p r e f____ ______ _______ 20,300
113% Jan
9812 991g
98% 998g
91% M ch25 10784 J a n 7
9884 J ’ly
98*8 99%
____
2512 26
*25
26
26
25-% 258g
26%
26l2 2612
26% 26% dU tah C o p p e r____ P a r *10
1,900 $24 M ch25 $391. M ch 4 . ____ ____
2612 2612 2612 26
*25
261; *25
398g Jan 7
2612 *25
261.
58 J a n
2,210
231. M ay29
31 J ’ly
25% 26>4 V lrg ln la -C arolln a C h e m ica l.
*101 108 *101 102 *101 102 *101 102 *101 102 *101 102
D o p r e f__________________
101 M ch25 108 Jan 9 104 J ’ly 117% Ja n
61
61 *591j 63
62
62% 621.
65
97 Jan 22
38 M ay
93 D eo
65 V irgin ia Iron Coal A C o k e ..
400
55 M cb25
*57*2 6212 *57
*285 300 *285 310 *280 300 *285 300 *285 300 *285 300 \JU' ells F a rgo A C o ________
250 M ay 7 300 J ’ne 3 233 M ch 305 O c t
7812 791.
*77
79
7914 7914
7912 *78
7814 7814
79
80
estern U n ion T e le g r a p h . ‘ Y .506
85 Jan 10 x 8334 D ec
94% J an
78 M ay29
*143l4 144 *14314 144 *14314 144 ♦143U 144 *143 144 r l4 5 145 W e s tln g h ’se El A M fg asaen.
400 142 M ay28 154 Jan 2 148 A u g 176 J a n
*142 105 *142 165 *142 165 *142 165 *142 165 *140 165
162 No\ 1 188 J a n
D o 1 st p r e f......................
§145 A p r 26 §160 M ay23
*20
*36
*12
*2212
*10
*22
*12
16
*36

26
43
13lg
2312
10%
25
15
I6l2
388g

Thursday
June 27

BANKS
B anks.
U n ion E x c T
U S E x ch U.
W a s h H ’ htsT
W e s t S ld e J .
Y o r k v llle fi.

Bid
220
1221.
225
600
400

Ask
230
132%

B anks.

Bid

AN D
Ask

31
47
133g
2412
12
26
16
161.
40

31
48
13
241g
12
26
1584
1612
40

31%
49%
13
25
12
26
17
1684
41

T R U ST

COM PANIES— B A N K E R S ’
Bid

Ask

Bid
215
.
B rooklyn .
275
. . . . First _______ 375
«*>
425
H o m e B ’ nk" 175
235
M a n u factrs’ 400
95
M echanics' T 315
1190
M ontauk____ 155
230
B rook lyn .
N a s s a u ____ 240
310
. .
N at C it y ___ 305
B orou g h 11.. 175
. . . . N orth Side T 360
825
B roa d w a yH . 450
------ P r o s p e c tP k 1' 150
580
B r o o k ly n . .
------ 140
T e r m in a l..!! 140
-----•Did an d asked prices: no sales o n th is d a y . $ Less th a n 100 shares. $ E x -r lg h ts . &New s t o c k .
tS a le at S to c k E x ch a n g e or at a u c tio n this v;eek. iT r u s t C o . c e r tific a te s . TJBanks m a rk e d




T ru st C o s .’
N Y C ity .
A s to r ______
B ankers’ Tr
390
B o w l’ g G r’ n
____ B ro a d w a y T r
. . . . C a r n e g ie ___
330
Central T r ’ st
____ C olu m bia . .
260
C om m ercial
315
C om m onw ’ h
____ E m p i r e ____
165
E q u lta b le T r
------ F arm L o & T

Trtist C o ’ s.
FiflfUtT.........
300
350
F ifth A v T r .
475
500
F u lt o n _____
430
440
G u aran ty T r
150
160 G uardian Tr
225
250
H u d s o n ___
1850 2050
K n lc k 'l» ’k «r
220
Law T I A T r .
205
220
230
L in e d * T r . .
100
M anhattan .
335
350 " M e rca n tile . .
M e tro p o iit’ n
435
------ 1250 M orton T r ’ st

Q U OTATIONS.

Ask
A sk
Bid
T ru st C o’ s. Bid
T m s t C o’ s
130
M u t u a l ____ 120
B rooklyn .
210
435
M ut A lli’ nce 190
B ro o k ly n T r 415
___ C itizens’ ___ 145
N Y L lfe A T r 1000
...»
670
275
Mew Y o r k Tr 650
F l a t b u s h __ 250
320
S tand ard T r ____ 410
F r a n k lin ___ 310
330
T itle G u & T r 450
475
H a m ilto n _ . 315
T r C o o f A m 690
710
160
H o m e _____ 150
J e n k in s ____ 190
2 50 " U n ion T rust 1250 1300
475
U S M tg A T r 450
470
K in gs C o —
L I s l L & T r .. 300
310
4 5 0 " U nit S ta te s . 1200 1230
N a s s a u ____ 250
270
875 V a u N ’d e n T r 280
,
P e o p le ’ s ___ 3 IOI4
595 W ash in gton 400
W i n d s o r ___ 195
2T 0"" W lllla m sb ’ g 220
725
2
c E x -d lv ld e n d and r ig h ts. d N o w q u o te d dolla rs p ershart*
w ith a p a ra g ra p h (U) are S ta te ba n k s.
Ask
222
550
325
510
245
105

1538

New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
O C C U P Y IN G
BOND
N . Y. S T O C K E X C H A N G E
w k k k e n d in g J une 23

P rice
fY id a v
Jun e 28

W eek’ s
H ange or
L a st Sale

ti.
« io v e n n n c n l
U K 2s co n s o l reg iste r e d .c il9 3 0
U S 2s co n s o l c o u p o n ___ d l9 3 0
U 8 3 s r e g is t e r e d ............. £1918
IT S 8a c o u p o n .....................&1918
U S 8s re g sm all b o n d s..fc l 918
U S 3s c o u sm all bon d s..& 19 18
U 8 4s r e g is t e r e d ............. ?il907
U S 4s c o u p o n ....................A1907
V 8 1s r e g iste r e d .................1925
XT S 48 c o u p o n ............. ........1925
U S P a n Can 10-30 y r 2 s . fcl93ti
P h iltn n in e isla n d s 48.1914-34
P u b w k ^ at:d im p r e * 4s 1935
P u b w k s an d im p r e g ..,1 9 3 6

Bid.
A sk
104 V 105
105 105 Hi
102 V 103 V
103 Hi Sale

Low
H igh
104 V A p r ’ 07
105 V J’ n e’ 07
102 V M ay’ 07
102 V 103 V
107 J ’ n e ’ 02
104 V O ct ’0
100% J’n e ’ 07
1007s J’ n e’ 07
128% 128%
1293< M ay’Oi
105 V O ct ’ 06
111 M ay’ 06

1 0 1 % ..............

100% 1 0 IV

io o % io iv
128% 129 V
128% 129 Hi
1II1L
' (IS V
1.
104
V 105
109 Hi.........

K o re ifm G o v e r n m e n t
J a p a n e s e G o v t 6 s s te r l’ g .1911
2d s eries 6a........................ 1911
£ loan 4 V s o tls fu ll pd .1 9 2 5
2d series 4 '-as c t fs fu ll paid.
A loan 4s c tfs fu ll p a id ..1931
B e p u b o f C u ba os e x te n d e b t..
U 8 of M e x ico 8 f g 5s o f 1899
G old 4s o f 1 9 0 4................. 1954

A -0
A -O
F-A
J -J
J -J
M-S

S t a t e S e c u r it ie s
A laba m a c u r r fu n d 4 s ___ 1920
D is t o f C olu m b ia 3 ’ 6 5 s___ 1924
L o u isia n a n ew co n so l 4 s . .1914
N o rth C a rolin a c o n s o l 48.1910
68............................................ 1919
S o C a rolin a 4 Has 20 -4 0 ........1933
T e n n n e w settlem en t 3 s .. 1913
V ir g in ia fu n d d e b t 2 - S s . .. l 9 9 i
6s d e fe rre d B r o w n B ro s c tfs .

j -j
F-A
J -J
J -J
A -0
J -J
J -J
J -J

u

t 99 Sale
99 V
i 89 Sale
98 7g
99 V
4 91 Sjj Sale
91*,
91
91
t 91 Sale
90V
83%
* 83 S alt
82 V
*103 Sale 102 V 103
9 1 V 92V 99 J ’ n e ’ 07
92
92 V 92
92
b est a r e p r ices o n the b

FOUR

R an ge
Since
J an u ary 1
Low
104 V
104 V
102 V
102 V

H igh
105%
106 V
10234
104

100*8 1 0 1 V
1 0 0 7„ 1 0 1 7f,
1287s 13034
129 V 130<V

128
159
17c
130
92
10
—j
axil

9 6 34 100%
9 6 7s 100%
8 7 a4 94%
» 7 V 9 2 7e
79
K5V
9 8 34 10334
96% 99
9a
95
0/ $5 to S..

111 M a r’02
117 V J ’ n e ’Ot
105 V D e c ’ 04
101 1O0V A p r ’ 07
100 v 100 V
126 M a r’ 07
126 126
120 M a r’00
95
96
95% 96 V 95 ^ M ay’07
93 V M ay’ 07 __
93V 9534
1 20
21
" a * " ’ : : : : : : 24
28

114 “a .

K a ilr o m !
a C en t See So R y
A labam
la b a M id i See A t Coast Lin e
A lb a n y <8>Susa See D el <fc H ud
A lle g h e n y V a lle y S a s P e n n R R
A lle g cfc W es t See B u ff R <fc P
A n n A r b o r 1st g 4 s ......... M 9 9 5
A toll T & S Fe— G en g 4 s .l9 9 5
R e g is te r e d .......................... 1993
A d ju stm e n t g 48 ........... iil9 9 5
R e g is t e r e d ...................M 9 9 5
Stam ped........................ 7il995
C o n v g 4 s ............................1955
D e b e n tu r e s 4s S eries F .1 9 0 8
S eries G ........................... 1909
Series H .......................... 1910
S eries 1 ............................ 1911
S eries K ...........................1913
E a s t O kla D iy 1st g 4 s . .1 9 2 8
A t l K n o x cfc N See L & N
A t la n t ic Coast 1st g 4S.A1P52
C h arles cfc Sav 1st g 7 s . .1936
S a v If' & W 1st g old 6s . . 1934
1 st gold 5 s ...................... 1934
A la M id 1 s t g u g old o s ..1 9 2 8
B r u n s cfc W l s t g u g 4 s ..1 9 3 8
L * N c o ll g 4 s ...............o l9 5 2
Sii Sp O ca & G gu g 4 s ..1 9 1 8
A tla n t ic & D an v See South R y
A u stin cfc N W See Sou Pacific
T>alt«fc O hio p r io rlg 3 H a s .1925
- D R e g is te r e d .................A1925
G old 4 s ............................. h i 948
R e g is t e r e d ...................7tl948
P itts J u n o 1st g old 6s . . . 1922
P J u n <fc M D iv 1st g 3 V s l9 2 5
P L E i t W V a Sys r e f 4S1941
S o u th w D iv 1st g 3 H a s ...1925
R e g is t e r e d ...................7U.925
A lon ou R iv 1st g u g 5 s . .1919
Cen O hio R 1st c g 4 V s ..19 3 0
Gl Lor cfe \V co n 1st g 5s 1933
O h io R iv e r R R 1st g 5 s .1936
G en era l g old o s ............. 1937
P it t s (Jiev & T o l 1st g 6s 1922
P it t s & W e s t 1st g 4 s . ..1 9 1 7
S tat I s l R y 1st g u g 4 Va 1943
B a l C reek cfc a See M id i Cent
B e e c h C reek See N T C & f l
B e lle v cfc Oar See H liE oisC en t
B k ly u cfe M on ta u k See L o n g !
B r u n s cfe W est Sec A t l Coast L
B u ffa lo N Y & E rie See E rie
B u ffa lo K cfe P gen g 5 s . ..1 9 3 7
A l l cfe W e s t 1st g 4s g u ..l 9 9 8
Ci cfe M ali 1st gu g 5 s ___ 1943
R o c h & P itts 1st g 6 s ...1 9 2 1
C on sol 1st g 6 s ............. 1922
B u ffalo cfe S o u th w e s t See Erie
B u ll cfe Susq 1st r e f g 4s.ctl951
B u r C R cfe N See C R I cfe P
lanada S ou th 1st 5 s ........ 1908
'2(1 5 s ................................... 1913
R e g i s t e r e d .. . .. ............. 1913
C arb cfc Shaw n See 111 C ent
C a rolin a C en t See S eab A ir L
C a rth a ge cfc A d See J f T C & H
C e d R I a F c f e N See B C R cfe N
Cen B ra n cn R y See M o P a c
C en t o f G a R R 1st g 5 s ..jjl 9 4 5
C on sol g old o s ...................1945
R e g iste re d ...................... 1945
1st u ref in com e g 5 s . . . ,p l9 4 5
S t a m p e d ...................................
2u p re i in c o m e g 5 s ___ p l9 4 5
S t a m p e d ...................................
3d pret in com e g 5 s . .. .p l 9 4 5
Stam ped . ............................

C

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98
98 V 122
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......... 97 Ha 97 J ’ n e’ 07 ....
11
87
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99 ........
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96 F e b ’ 07
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94 N o v '0 6
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95

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1057s F e b ’ 07
109 A p r ’ 06
110 A p r '07
116 M » y ’ 06
113 V N o v ’ 06
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100 N o y ’04

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102 V Sale 1 0 2 V
1 0 2 V ........ 102 V J ’n e ’ 07
100 V ...... 100s4 M a j’ 07

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116
103’,
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89 V 92V
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98 1 0 1 V

M ar’ 07
1 0 3 34
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M ay’ 07
M ay’07
70
70
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A p r ’07

119 116
102 V 111
9(t
90
76
7 434
65
66

M IS C E L L A N E O U S
S t r e e t R a il w a y
B r o o k ly n R ap T r g 5a........1945
1st refu n d c o n v g 4 s ___ 2002
B k C it y 1 st c o u 5a. 1916.1941
B k Q C o * S c o n g u g 5 s .1941
B k iy n Un E l 1st g 4 -5 s .l9 5 0
Stam ped gu ar 4-5a___ 1950
K in g s C o E l 1st g 4 s ___ 1949
Stam ped gu ar 4 s ......... 1949
N a ssa u E le c g u g 4 s ___ 1951
C o n n Rydfc L lstcfc ref g 4 V a ’ 51
Stam ped gu ar 4 V a ......... 1951
D e n Con T r C o 1 st g 5 s . .. 1933
D e t U nited 1st c o n g 4V S.1932
H a v a n a E lec c o n s o l g 5 s . 1952
I n t e r -M e t coll 4 V s ......... ..1 9 5 6
I n t e r n a t T r a c c o ll tr 4 a .. 1949
l /o a i s R y C o 1st c o n tr 5 s . .19 3 0
K a a ila E le c 1st cfe c o ll 5 s . 1953

93

9 2 34 9 3 7e

1 3 2 7s J a n ’06
112=8 J a n ’ 04
114°8 N ov ’05
99 V M ar’ 06
82 \
S2 >.
96 34 D e c ’ 06

A-0

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

95 V

8 1 V 91
96 V 102 V
93% 101?4
86
92%
86
86
86 V 92 >
9 2 34 108 V
99
99
98=g 98*i
96
96

aD ueJan

_

d D ue A pr

BONDS
N. Y . STOC K E X C H A N G E
W e ek K v d w o J u ne 28
C en t o f G a R R —( Con.)
C hatt D iv p u r m on g 4 s .1951
M ac <fc N o r D iv 1st g 5 s . 1946
M id G a & A t l D iv 5 s . . ..1 9 4 7
M o b ile D iv 1st g 5 s ____ 1946
Cen R R & B o f Ga c o l g 5s 1937
C en t o f N J g e n ’ l g o ld o s . 1987
R e g is t e r e d ...................7il987
A m D ock & Im p g u 5 s . .1921
L e * H ud R gen g u g 5 s 1920
Leli & W ilk s B Coal 5 s . .1912
Con e x t gu a r 4 V s ___ #1910
N Y <fe L o n g B r gen g 4s 1941
Cent P a cific See So P a cifio Co
C e n tV e rm o n t 1st g u 9 4 s .e l9 2 0
Chas <fc S av See A t l C oast L in e
Ches & O hio g 6s ser A . . M 9 0 8
G old 6s ............................... «19 1 1
1st c o n s o l g 5 s ...................1939
R e g is te r e d ...................... 1939
G eneral gold 4 V s............. 1992
R e g is te r e d ...................... 1992
C raig V a lle y 1st g 5a___ 1940
R & A D iv 1st co n g 4 s .. 1989
2d co n so l g 4 s .................1939
W arm S pr V al 1st g 5 s . .1941
G re e n b rie r R y l s t g u g 4 s ’40
Clue & A lt R R r e f g 3 s . ..1 9 4 9
R a ilw a y 1st lien 3 V 8 ...1 9 5 0
R e g is te r e d ...................... 1950
C h ic B u rl & Q— D en v D 4 s 1922
Illin o is D iv 3 V s ............... 1949
R e g is te r e d ...................... 1949
G old 4 s ............................. 1949
Io w a D iv s in k fu n d 5 s . .1919
S in km g fu n d 4 s............. 1919
N e b ra s k a E x te n sio n 4 s .1927'
R e g is te r e d ...................... 1927
S o u th w e ste rn D iv 4 s ___ 1921
J o in t bon d s See G rea t N orth
D e b e n tu re 5 s .....................1913
Han<fe St J o s co n s o l 6 s ..1911
Cliic<& K i l l r e f & im p g 4 s 1955
1st s f ou r 68.....................1907
1st co n so l g 6s ...................1934
G en eral c o n so l 1st 5 s ___ 1937
R e g is te r e d ...................... 1937
C liic * In d C R y 1st 5 s .l9 3 6
C h ica go & E r ie See E rie
C h ic In <& L o u is v r e f 6 s ...1 9 4 7
R e fu n d in g g o ld 5 s ............1947
L o u is v N A & Ch 1st 6 s .1910
C h ic M il & St P term g 5s 1914
G en eral g 4s series A . . *1989
R e g is te r e d .................... *1989
G en eral g 3 V s se rie s B .e l9 8 9
C h ic & L Su D iv g 5 s . . ..1 9 2 1
Cliic<& M o R i v D iv 5 s . ..1 9 2 6
C h ic cfe P a c D iv 6s ............1910
C h ic cfe P W 1st g 5 s........1921
D ak & G t So g 5 s ............. 1916
F ar <fc S ou a s8u g 6s ........1924
H a st & D D iv 1st 7 s........1910!
1st 5 s ................................. 1910
I & D E x te n 1st 7 s ..........1908
L a C rosse <fe D 1st 5 s___ 1919
M in e ra l P o in t D iv 5 s___ 19101
So 51inn D iv 1st 6s ..........1910
S o u th w e s t D iv 1st 6s ___ 1909
W is <& M in n D iv g 5s___ 1921
MU <& N o 1st M L 6 s . . ..1 9 1 0
1st co n s o l 6s ...................1913
O h io * N o r t h w c o n s 7 s ___ 1915
E x te u a io n 4 s ......... 1886-1926
R e g is te r e d ........... 1886-1926
G en eral g old 3 V s ............. 1987
R e g is t e r e d ...................p l9 8 7
S in k in g fu n d 6 s ...1 8 7 9 -1 9 2 9
R e g is te r e d ........... 1879-1929
S in k in g fu n d 5 a ...1 8 7 9 -1 9 2 9
R e g is te r e d ............1879-1929
D e b e n tu r e 5 s .....................1909
R e g is te r e d ...................... 1909
D e b e n tu r e 5 s .....................1921
R e g is te r e d ...................... 1921
S in k in g fu n d d eb 5 s ........1933
R e g is te r e d ...................... 1933
N o rth Illin o is 1st 5 s ___ 1910
O tt C F & St P aul 1 st 5s 1909
W in o n a <fc St P e t 2 d 7 s .. 1907
M il L Sife W e st 1st g 6s 1921
E x t <fe Im p s fund g 5s 1929
A sh la n d D iv 1st g 6 s . .1925
M ich D iv 1st g 6s ......... 1924
I n c o m e s .......................... 1911
C lilc R o c k lsi<fc P ac 6 s . . .1 9 1 7
R e g is te r e d ...................... 1917
G en eral gold 4 s .................1988
RegiH tered...................... 1988
R e fu n d in g g 4s ............... 1934
C oll t r u s t S e rie s H 4s ..1 9 1 0
J 4 s ................................... 1912
M 4 s ...................................1915
N 4 s ...................................1916
O 4 s ....................................1917
P 4 s ...................................1918
C h ic R I & Pa c R R 4 s . .2 0 0 2
R e c is t e r e d ......................2002
C oll tr u s tg o ld 5 s ......... 1913
Bu r C ed R <fe N o r t h e r n Con 1st <fe co l tr g 5 s . ..1 9 3 4
R e g is te r e d ...................1934
C R I F & N W 1st gu 5 8.1921
M <fe S t L 1st g u g 7 8 ..1 9 2 7

P rice
F r id a y
J u n e 28
J-D
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W eek's
R an ge or
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Since
Jan uary 1

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93 J ’n e ’06
113 V D e c ’ 05
115 N ov'0 5
115 V A u g ’ 05
107 . . . .
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120 V ......... 1 2 1 V J ’ n e’ 07
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101 V A p r ’07
...
...
105 V 105 V
110°8 110
110»8
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104 M ay’06
......... 106
112 F e b ’06
9 7 3s M ay’07
90
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113V F e b ’ 05
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7 5 34 .............
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80 V M ay’05
99 V
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89 ......... 89
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101V 1 0 2 V 101V 1 0 1 V
105 ......... 106 M ay’ 07
9 9 V ......... 100V 1 0 0 V
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100
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92 A p r ’ 07
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100% ........ 103 M ay’07
127 ......... 126 M ay’07
..........112V 111% M ay’ 07
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106 J ’ n e ’ 07
137 V J ’l y ’99
109 J ’n e ’ 07
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182 V A p r ’06
108 V J ’ n e’ 07
102 sj A p r ’07
105 V J 'n e ’07
104 J a n ’ 07
110 J ’ n e’07
106% F e b ’ 07
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118% M ay’ 07
101 V M ay’07
104 F e b ’07
93 J ’ ne’ 07
95 F e b ’ 07
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106 V J ’n e ’07
107 J ’ n e ’07
107 V J ’ n e ’06
100 V J ’ n e ’ 07
99 V J ’n e ’ 07
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103 J ’n e ’ 07
113 V A p t ’ 07
117 F e b ’ 06
105 V D e c ’ 05
100% M ay’07
101 '# May >07
1 2 1 V J ’n e’ 07
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142 V F e b ’ 02
128 V F e b ’06
109 Sep ’03
117 V J ’ ne’ 07
116 V M a r’ 07
100
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92 V N o v ’06
90 V Jan ’07
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108 ..........
103 .........
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101% ......

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68
68 J ’ n e ’ 07
109 M ar’ 98
98 M ay’ 06

_

PAGES

..... ....

eD ueM ay

S tr e e t R a ilw a y
M et S t R y g e n c o l tr g 5 s . 1997
R e f g 4 s ............................... 2002
Bway<fe 7 tli A v 1st c g o s 1943
C o i < fc 9 t h A v ls t g u g 58.1993
L e x A v & P F l s t g u g 5 s 1993
T h ird A v e R R c o n gu 4s 2000
T h ir d A v e R y 1st g 5 s . .1 9 3 7
M et W S E l (C h ic) 1st g 48.1 9 3 8
M il El R y & L 30-yr g 5S.1926
M in n St R y 1st c o n ir 5 s ..1 9 1 9
N O rl R y cfc L t g e n 4 V s ..1 9 3 3
S t Jon R y L t H cfe P 1st g 5s ’ 37
S t P a u l C ity C ab c o n g u s.1 9 3 7
0 n d e rg ro u n d o f L o n 5 s . . . 1908
U nion E l (C hic) 1st g 5 s ..1 9 4 5
U n ited R R s S an F r s f 4 s . 1927
U n ite d R y s S t L 1st g 48.1 9 3 4
W C h ic S t 4 0 -y r c o n e 5 a .1936
j D o e J ’ne

A D ue J ’ ly

100
F -A 100 Sale 100
75 J ’ n e’ 07
A-O >......... 77
J -D 104 V 107 V lf*4 V J ’ ne’ 07
M-S 109 112
113 V F e b ’07
110 M ay’ 07
M-S
85
J -J . " " " 8 6 * 85
J - J 1 1 0 V ......... 1 1 0 V 111
F-A ......... 93
93 V J ’ l y ’ 06
F-A
109 J ’l y ’ 06
J-J
107 V F e b ’06
T-J
90% 90 V Sep ’ 06
M-N
103 V O c t ’ 06
J-J
H 0 V N ot ’ 06
J -D
72 V Sale
71
72 V
A-O
100 J a n ’07
A -0
70 Sale
70
70
8 0 7( , ......... 81
J -J
81
M-N
99 D e o ’97

fcD u e A u g

o D a e O ct

p D t io N o r

100 108%
75
85
104 V 113
113 V 113 V
110 110
85
89
U 0V1U V

70
100
67
80 V

94
100
83 V
88

^ O p tio n Sato

New York Bond Record— Continued—Page 2

J u n e 29 1907 i
B O N D rt
K . Y. S T O C K E X C H A N G E
W kkk Kwdiko J unk 28

P r ic e
fY iclav
Jun e

C h ic B o c k i & P a c —(C o n )
U lioc O k & G gen g 5s .oXOltt J -J
C on sol gold 5 s ............... 1952 M-N
K e o k <fc D es M 1st o s ___ 192:-! A-O
Ctiic s t L & S O See 111 C ent
O lilc St L <fc P itts See Penn Ci
CUic S t P l I & O co n 6 s . . .193(1 J-D
C ons 6s red u ced to 3% s.X 93o J-D
Oh S t P & M inn l s t g 6 s X9X8 M-N
N o r W isco n s in 1st 6 s ...1 9 3 0 J-J
S t P & S C ity 1st g 6 8 ...1 9 1 9 A-O
C h ica go T e r T ra n s g 4 s . ..1 9 4 7 J -J
C oupon o t t ...................................
C h ic& W e s t In d g e n g 68 ?1932 Q-ii
C on sol 50-year 4 s ............. 1952 J . J
Chic & W Alien s e t P o re Marq
C h oc O & G u lf See C K I & P
Cui H & D 2d (fold 4 % 8 ...1 9 3 7 J -J
Cin D <fc I 1st gn g 5 s ...1 9 4 1 M-N
C F in d & F t W 1 i t 2u 4s g .’ 23 M-N
Cin 1 & W 1st en g 48.1953 J-J
I n d D ec <fc W 1st g 5 s . ..1 9 3 5 J -J
1st gu ar gold 5 s............. 1935 J -J
C X S t L <io 1' 664 C C C <fe St 1,
Cin S <fc G See O O C St l,
CiearUeld <fe j\lah Bee B R A f
C lev C m C & b t L ge n g 4s 1993 J-D
C airo D lv 1st gold 4 s ___ 1939 J-J
Cin W & M D iv l o t g 4 s . 1991 J -J
Bt L D lv 1st col tr g 4 s . .l 9 9 0 M-N
R e g is te r e d ......................1990 M-N
8 p r cfc C ol D iv lsu g 4 s ..1 9 4 0 M-S
W W Val D iv 1 s t g 4 s . . . 1940 J -J
C 1 8 t L & C con so l 6 s ..1 9 2 0 M-N
1st gold 4 s ...................../el936 Q-F
R e g is t e r e d ............... fcl936 Q-F
Cin 8 <fc Cl con 1st g 5s. .1 9 2 8 J-J
C C C <ft 1 cou sol 7 s ..........1914 J-D
C on sol sin k fund 7 s ___ 1914 J-D
G eneral oon sol s o ld 6s. 1934 J -J
R e g is te r e d ...................1934 J -J
Ind B l <fc W 1st pret 48.1940 A-O
O Ind Ac W 1st pt 5 s ...t t l9 3 8 Q-J
P eo * East 1st con 4 s . . .1940 A-O
In c o m e 4 s ........................ 1990 A p r
C lev & M arietta See P e n n B it
O lev <fc P itts See Penn Co
Col M idland 1st g 4 s ..........1947 J -J
Colorado <fc Son 1st g 4 s . ..1 9 2 9 F A
R e lu n d <fc e x t 4 V. 8 ......... 1935 M-N
Coium <fc u i e e ii v St* So R y
Col <fc H o ck Val See H o ck Vai
Col & T o l See H o c k V a l
Col C on n & T erm See N & W
Conn <fc Pas R iv s 1st g 48.1943
ak & G t So See U M <fc St P
alias A W aco See M K <fc 1
Del L a ck <fc W e s te rn 7 s . . . 1907 M-S
M o m s * E ssex l s t 7 s . . . 1914 M-N
1st c o n s o l gu a r 78........1915 J-D
R e g is te r e d ...................1915 J-D
1st r e f g u g 3*28........... 200u J -D
N Y L a ck & W 1st 6 s . ..1921 J-J
C on s tru ction 6 s . , ........ 1923 K-A
T erm & i m p r o v e 4 s .... 1923 M-N
W arren 1 at ref gu g 8 %s .2 0 0 0 F-A
Del <fc Hurt 1st Pa D iv 7 s .1917 M-S
R e g is te r e d ...................... 1917 M-S
10-yx c o n v d eb 4 s ............1916 J -D
A ib & Sus c o n v 3 %s........1946 A-O
K ens & S aratoga 1st 7 s . 1921 M-N
D el R lv K R B rid ge See P a R R
D en v <Js R O r 1st co n g 48.1936 J -J
C on sol (cold 4 ‘a s .. . . . . . . . 1 9 3 6 J-J
I m p rov em en t gold 5 s ...l9 2 t - J -l)
R io G r J u n o 1st gu g 6 a. 1989 J -D
R io g r So 1st gold 4 s ....1 9 4 0 J - J
G u a ra n teed .....................1940 J - J
R io G r W e st 1st g 48___ 1939 J -J
M g e and col tru st 4 8 A .1 9 4 9 A-O
Utah C en t l s t g n g 4s o l9 1 7 A-O
D es M oi da F t D See M i S t i.
Dee Mot Un R y 1st g 6 8 ..1 9 1 7 M-N
D et c& M ack 1st lieu g 4 s . 1995 J-D
G old 4 s ................................. 1995 J-D
D etroit S ou th ern —
O hio S on D lv 1st g 4 s ...194 1 M-S
Dui <fc Iron R a n g e 1st 6 s .. 1937 A-O
R e g is te r e d .......................... 1937 A-O
2d 6 s ..................................... 1916 J -J
Dul S h ort-L in e See N o r P a c
D al S o Sh ore & A ti g 6 s .. 193 J-J
l'ast o f M in n See St P M & .M
ja s t T e n Va A Ga See So Ry
E lgin J o l <fc E ast 1st g 5 s . 1941 M-N
Elm C ort & N o See Leh & N Y
Erie 1st e x t gold 4 s ............. 1947 M->
2d e x t gold 6 s .................... 1019 M-S
8d e x t gold 4 %s.................1923 M- S
4tli e x t gold 5 s...................1920 A-O
6th e x t gold 4 s ...................192& J-D
1st co n so l gold 7 s ............. 1920 M-S
l e t oon sol g fund 7 s ........1920 M-S
Erie 1st con g 4s p r io r .. 1990 J-J
R e g is te re d ...................... 1990 J-J
i s t oon sol gen lien g 4 s .. 1990 J-J
R e g is te r e d ...................... 1990 J-J
P en n c oll tr g 4 s ............. 1953 F-A
60-year c o n v 4» A ..........1953 A-O
do
S e r its B . . . 1953 A-O
B ull N Y <fc E rie 1 s t 7 s ..1 9 1 0 J-D
Bait <fc S W gold 6 s ..........190* J - J
C l u e * E rie 1st gold 6 s .. 1982 M-N
C lev <te .Mulion V a l g6s_lH 3l- J-J
Jeff l iR 1st g u g 5 s . . . .01 9 0 9 A-O
L o n g D ock con so l g 6 s .. 1935 A -O
Coal <fc K R 1st c u r g u 6s. 1922 M-N
D ock iSc Im p 1st c u r 6 s ..19 1 3 J - J
N 7 4 G reen L gu g 5s. 1946IM-N

D

t

WeeiCs
R an ge or
Last Sale

Low
103
109
108 H: 111
i'0 3 "
103

H igh
N o v ’ 06
M ay’06
J ’ n e’ 07

R an ge
S ince
J a n u a ry 2

J -D
M-N
A-O
J -J
J-J
F-A
M-S
J-D
FA
F-A
M-N
A-O
A-O
A-O
J -J

E rie— (C o n )
N Y Su s & W 1st r e f 5 8.1937 J -J
2d gold 4 % s.....................1937 F-A
G en eral gold 5 s ............. 1940 F-A
1 0 3 " i '0 3 "
T erm in al 1st g old 5 s ...1 9 4 3 M-N
R e g is $5,0 0 0 e a c h ...1 9 4 3 M-N
126*4 ......... 126*4 J ’ n e’ 07
M i d R B o f NT J Is tg O s .H U O A-O
126 % 13 1
93 D ec ’ 03
Wilk<& Ea 1st g u g 58.1942 J-D
1 3 1 14 F e b ’07
124*4
i'31% 131 >4 l i v i - Ind l s t c o n g u g 6 s . , 1 9 2 6 J - J
129% M a r’04
E r ie <fe P itts See P en n Co
116
117
117
ii6-%vI6K E v a n s <fe T H 1st c o n s 68.1921 J - J
9 7 34 A p r ’ u7
9734 !!7»*
1st g en eral gold 5 s ..........1942 A-O
1(0>« M ay’07
V e rn o n 1st g old 6 s . . 1923 A-O
97 1(»9%
S a il Co B ran ch 1 s t g 5 s . 1930 A-O
109% 113
i ’o’o % ” I” ! 109% J ’ n e ’07
97% 98
97 % A p r ’ 07
| L'& rgo * So See Ch M <fc St P
' 1 iin t & P e r e M See P ere M ar
la C <fe P e n in See Sea A ir L in e
113 Oct- *oo
F o rt St U D Co 1st g 4 % s .l9 4 1 J -J
102 J ’ n e’ 07
IO2 ” 1 0 5 '4 F t W' 6c X>en C 1st g 6 S ....1 9 2 1 J -D
99s
F t W <k R io G r 1st g 4 8 ... 1928 J - J
83 Jan ’07
S " 88** i ’ ai H ar <fc S A See So P a c Co
.......... 88
104 % F e b ’ 07
' ■**! H & H o f 1882 1st 58.1913
lu 4 % 106
107% D ec 02
G eorg ia & A ia See Sea A L ine
G a Car -Sc S o t See Sea A L ine
G eorg ia P a cific See So Ry
G ila V G <& X’fo r Se-e So P a c Co
93 SaJe
93
98
G o u v * O sw e ga t See N Y Cent
96% 10i
96 ......... 99*g J a n ’ 07
99*g 99*8 G ra n d R ap & In d See P e n n R li
97% A p r ’ 07
97
98 '-i G ra y’ s P t T e r m See St L S W
" 9' i " * 9 6 ” 93% J ’ n e ’ 07
93
9 8 34 G t N o r —C B & Q c o ll tr 4s 1921 J -J
R e g is te r e d ./!......................1921 Q -J
97
97
99*4 F e b ’ 05
G re e n b r ie r R y See C hes & O
96
98 Sep ’ 06
G o lf <fe 8 1 1st r e f <fc t g 5s 51952
1 0 4 % ......... 105 J a n ’04
an & S t J o See C B & Q
98 ......... 9 7% M a r’ 07
o u sa to n io See N Y N H <fe H
9 7 h> 99
98*4 A p r ’ 07
98% 99% H o ck V a l 1 st c o n s o l g 4 % s .l 9 9 9 J - J
i o s % * ; : : : : 109 J ’ n e’ 07
109 109
R e g is te r e d .......................... 1999 J - J
114%
118% J a n ’ 07
C ol & H V 1st e x t g 4 s . . 1948 A -O
118% 118%
Col & T o l 1st e x 4 s ........1955 F -A
129
129*4 J ’ n e ’07
H o u s t E & W T e x See So P a c
129% 132
H o u s t & T e x C en See So P a c Co
1 0 4 % N o v ’ 0X
I U inois C en tral 1st g 4 s . . 1951 J-J
R e g is t e r e d ...................... 1951 J -J
91
90
91
90*%**9*£“
1st g o ld 3 % s......................1951 J -J
65
65
55
R e g iste re d ...................... 1951 J -J
55
72*4
E x te n d e d 1st g 3 %s........1951 A-O
1st gold 3s s t e r lin g ..........1951 M- S
69 “-a
C oll T r u s t gold 4 s........... 1952 A-O
67
74%
69% 69 % 69%
88=8
89 % 27 8 8 ^ 94%
88=8 3al<R e g is te r e d ...................... 1952 A-O
95 F e b ’07
--------91
L N 0 & T e x gold 4s ...19531M -N
95
96
R e g is te r e d ...................... 1953 M-N
C airo B r id g e gold 4 s ___ 1950 J -D
I<ou\svD iv<feTerm g3% 8.1953 J -J
M id dle D iv re g 5 s ........... 1921 F-A
O m aha D iv 1st g 3 s ........1951 F -A
S t L o u is D iv & te r m g 3 s .l9 5 1 J -J
R e g is te r e d .......................1951 J - J
102% Aray’07
G old 3 % s........................ 1951 J - J
101% 104%
102*8 .
116% .
117 % J ’ n e’ 07
R e g is te r e d ...................1951 J -J
117% 117 S,
1 2 1 H A p r ’07
121*8 1 2 1 ^
117% .
S p rin g D iv 1st g 3 % s .. . 1951 J -J
127 J ’ n e ’05
W estern L in e s 1 st g 4 s ..1 9 5 1 F -A
B e lle v <fe Car 1st 6s........1923 J-D
122 J’ n e’ o7
C arb & S haw 1st g 4 s . . . 1932 M- S
121*4 125
122 122*4
109 . . . .
1 1 1 S J ’n e ’ 07
C h ic S t L & N O g 5 s . . .1-951 J-D
109 111%
R e g is te r e d ...................... 1951 J-D
97 101% 102s* A u g ’ 06
102 F e b ’03
G o ld 3 % s ..........................1951 J-D
123 >4......... 133 F e b ’ 06
R e g is te re d ...................1951 J-D
121 ....... 149 A ug’ 01
M em ph D iv 1st g 4 s . . . 1951 J-D
St L S ou 1st g u g 48___ 1931 M-S
9 6% Sale
94*4
96*4
94% 109 >4
93 ........
«3
93
In d B1 & W e s t See C C C <fe St L
92 110
128 ........ 133% D e c ’ 06
In d I11& l a 1st g 4 s ..........1950 J - J
I n t & G re a t N o r 1 st g 6 s ..1 9 1 9 M-N
93 * s ........
93% J ’ n e ’O'
2d gold 5 s ............................ 1909 M-S
93*8 9 7 s<
3d gold 4 s ............................1921 M-S
101 ’ 04
102 % Jan ’ 07
102 % 102 %
lO S S F e b ’ 07
104‘*4 106 *s Io w a C en tral 1st gold 5 s ..1 9 3 8 J-D
109 Alar’ 05
G old 4 s ................................. 1951 M-S
J e d e rso n R R See E rie
76 D e c ’06
89 J a r ’ 06
ai A <fc G R See L S * M t?
9 2 ^ J ’ n e’ 07
an <fc M ich See T ol & O C
91% 96
See S t L & 8 F
81 * 67*4 F e b ’ 07
87*4 87»« K C F t S & 'M
97 Jan ^ 2
K C & M R & B See S t L <fc S F
»3
Kan C & P a citio See M K & T
110 Sep ’04
Kan C ity Son 1st g old 3 s ..1 9 6 0 A-O
90 . . .
R e g iste re d .......................... 1950 A-O
92 M ar’ o ?
92
92
.......... 90% b9 A p r ’ 07
89
92% K e n tu c k y C e n t s e e L & N
K eok & D es M o & 'e«C R l< feP
83% 86 O ct ’ 0 6
K n o x v ille & O hio See So R y
111 A p r ’ 07
ake E r i e & W X s t g 5 s . . 1937 J-J
111 1 1 1 %
. 107
112% F e b ’ 06
2d gold 5 s ........................ 1941 J i j
N o rth O hio 1st g u g 5 s .. 1945 A -O
L 8 h o <fe M ic h S See N Y C en i
112 J a n ’07
I^eh V a l N Y l s t g u g 4 %s. 1940 J - J
110 *b 112
K e g is te re d .......................... 1940 J -J
L eh igh V al (P a) c o n s g 4 s . 2003 M-N
110*4 110*4 L eh V T e r R y 1st g u g 58.1941 A-O
1 1 0 ^ 1 1 3 3 4 110 ^ J ’ n e’ 07
R e g is te r e d ..................... ..1 9 4 1 A-O
L eh V C oal C o 1 st g u g 6 8.1933 J-J
100% ........ 107% J a n ’ 06
L eh & N Y 1 s t g u a r g 4 s . .l 9 4 5 M-S
107 ......... 107 Hi 107 \
107% 109
R e g is te r e d .......................... X945 M-S
103 % ......... 103 H M ay’07
103% 103%
E 1 C & N 1st, p f 6 s ____1914 A-O
107 *4....... 1 1 0 S O ct ’ 0 6
100 1 0 0 %
G old g u ar 5 s ...................1914 A-O
96 .......... 100 J ’n e ’ O
1 2 7 % ......... lv.71* j ’n e ’ o7
125 129% Leh <& H a d R See C en t o f N J
Leh <k W ilk e sb See C en t o f N J
133 F e b ’ 06
94% 94%
94%
93 Si 99% L eroy & C a n ey V al See M o P
L on g D o ck See E rie
9* TI O ct ’ 06
L o n g I s l’ d —l s t c o n g 5 s. 41931 Q-J
82 J ’ n e’ 07
82
*80 *’
1st'co n so l gold 4 s ........../tl9 3 1 Q-J
85% 85%
85% F e b ’ 07
G en eral g old 4 s ................. 1938 J-D
80
91 Hi
80
85
81
81
F e rry gold 4 % s ................. 1922 M-S
7 6 Bu
77
76 103*4
7 6 \ Sale
70
70
G old 4 s ................................. 1932 J-D
70
87
t>9 7* ...........
U nitied gold 4 s .................1949 M-S
116% 120%
1 16j4 117% I I 6 V1J’ ne’07
D e b e n tu r e g old 5 s ............1934 J -D
104 F e b ’ 06
115 M ay’ 07
G n a r.re f g o ld 4 s ............... 1949 M-S
115 119
1 13s4 115
Bklyn<fc M o n t 1 s t g 6 s . .1911 M -S
■111
........ 116 S J An ’0.
100 % ..... 100»8 M ay’ 07
l s t 5 s ................................. 1911 M-S
loO *4 101
N V B & M B 1st c o n g 5s 193b A-O
..........130
126 M ay’07
126 130
N Y & R B 1st g 5 s ........1927 M-S
118 S e p ’ 06
N o r S h B l s t c o n g g u 5 s o l 9 3 2 Q -J
107
H ’9 ?e O ct '05
L o u is ia n a <& A r k 1st g 5 s . 1927 M-S
121% D e c ’ 06

H

W eek’ s
R a n g e or
L a st Sale

H igh
-Ask L ow
110% M ay’07
100% D e c ’Ou
100 *.2 F e b ’07
110*8 M ay’ 07

R id
110%

R an g*
S in ce
J an u ary 1
Low
108

H ig h
110%|

100% X03
IX0*» 110%

10*3% j ’ n e’ 07
1 03 % 10 5
100 105 Hi 105 ^ A p r ’ 07
116 A p r ’ Oo

103% 103 %
105% 106%

116 J ’ ne'07
104*5 A p r ’ o7
114 A p r ’05
106*4 F e b ’ 06

116 116
104 H) 106*%

106 108
84% 86

94*4 SaJe

105 M ar’ 9 8
107 J ’ n e ’ 07
8 4 7i J ’ n e’ 07

106 % 112
84
87

IOO

100

M ar’ 07

94%
92%

104% 103
103
98*4
99

104

94%
02%

J ’ n e ’ 07
N o v ’ OO
N o v ’ OO
A p r ’ 07

89%
*8 %

103

98%
96%

98

102 %

102

105%

99

99

100

109% Sep ’ 06
107-% A p r ’ 07
100 J ’n e ’07
95<s J ’ly "Ou
99% J ’ n e’ 06
70 O ct ’(W
98
98*4 98 J ’ n e’07
98 M ay’07
”9 8 S Safe” 98%
98 Hi
97 M ay’07
102*4 Jan ’ 07
89 M ay’07
89
123 M ay’99
78% A p r ’06
78*4 F e b ’ 07
'8*6'

ioo*

89 M a r’ 07
101% O ct ’ 99
100 N o v ’OO
100% A p r ’ 07
122 D e c ’ 06
97 M a r’ 07
118% A p r ’07
119*4 M a r’04
93*8 M *y’ 04

107*6 107%
100 100 %

98 10Z$»
98
98
98% 108%
97
97
102% 102*4.
89
91
78*4

78*«

88%

89

X00*» 102
97
97
118% 118%

100% M ay’07
97 M a r’ 07

100% 1 0 0 %
97
97

9 3 % M a y ’ 07
I ll
......... 112 J ’ n e ’ 07
95%
96
95*6 Sale
65 M ay’ 07
.......... 78
102% J ’n e ’ 07
......... 104
82
82
82 Sale

93% 100
111 113%
96
99%
65
79

98S.
97 .

102 % 111
82

85

67%

78

K

L

101 102
66
123

70
Sale

102*4 103
68 M ay’ 07
120
123*4

100 ......... . 100
100

86

63%

J ’ n e’O
o u t ’ 00

70

111*4 118% 112% J ’ a e ’ 07
106 % 107
106% 108
110 A p r ’ O
1 0 9 % ....

112% 114
106 Hi 107%

107
107*»
106 M ay’O
95 O ct ’06
116% 1 1 8 % M a y ’ o7
109% O ct ’ 99
1 1 2 % M a y ’ 07
95*ti J ’n#’ 07

106*4 107%

107

Sale

112

99% .

112
101

94% Sale
104 ........

106

110 %
io e

113% 118%

i'12%iYa'a
95%

96%

i*13% J a n ’00
106% J a n ’ Ot

112% J ’ n e ’ 07
.

110

92
102
99%
94%
llo
94%

100% ........ 100

110%
105
109
103%

J ’n e ’ O.
N o v ’ 05
O ct ’ 06
A p r ’ 07
J ’ ne’ 04
94Hi

112
92

114%
99

94** *9*5%
“ 94% * 9 9 %

M a r’ O
ioo’ * i*o*§*i
N o v ’ 06
A p r ’ 07
106 1U0%
N o v ’ OO
F e b ’ 07 . . . * ib 3 S i*08%

B O N D S — C o n tin u e d o n N e x t P iu te .

102*4 107 %
63
78%
116 139*4

J ’ n e ’ 07
A p r ’ 07

100
100

100
XOO

105 F e b ’07
61 % O ct ’01
86% A p r ’ o7
107*4 D e c ’ 00
104 A p r ’ 07
98 D e c ’ 06

105

105

80

87

103

104

G o a a n d E l e c t r i c L ig h t
L a c G as L o t S t L 1st g 5 s .e l9 1 9
R e f and e x t 1st g 5 s ........1934
M ilw a u k e e G as L 1 s t 4 s . .1927
N Y G E L H & P g 5 s . . .1 9 4 8
P u rch a se m o n e y g 4 s . ..1 9 4 9
E d E l 111 1 s t c o n v g 5 s .. 1910
1 st c o n so l gold 58..........1995
N Y& QE1 L & P ls tc o n g 5 8 l9 3 0
N Y <fc R ic h G as 1st g 58.1921
P at & P a s G & E c o n g 68.1949
P e o G as <fc C 1st o o n g 6 s. 1943
R e fu n d in g gold 5 s ............1947
Ch G -L & C ke 1 st g u g 6s 1937
C on G Co o f Ch l 8 t g u g 5 B . ’ 36
M u F u el G as 1st g u g 5s. 1947
S y ra cu se L ig h tin g 1st g 6 s .’51
T r e n to n G & E l 1st g 5 s . .1949
W e s tch e s te r L ig h t ’ g g 6b. 1950

116 Hi M ay’ 07
116 117
93 % M a r’ 06
.N o p r ic e F riday; la te st bidand asked th is w eek . t> D a e J a n 6 D a e F eb cL D a e A p r e D a e M ay f e D a e J ’ ly




P rice
F r id a y
Jun e

Low H ig h

.U lS C 'K L IiA N E O lIH
<«hn m ill E l e c t r ic L ig h t
A tla n ta G L C o 1st g 5 s . . .1947
•tjklyn U G as 1st oon g 5s. 1945
Bu ltalo G as 1st g 6 s ......... 1947
C on soi G as co n v d e b 6 s ___ 1909
Oon sum u a s See P G <fc C Co
D e tro it C ity G as g 5 s ..........1923
D e t G as C o oon 1st g 6 s ...1 0 1 8
J C d E lillB k n See K C o E Life P
K d E 1X1 See N Y G <fc E L H dfc P
Hq G L N Y I s t c o n g 6 s . .1932
Gasde E lec B e r g C o c g 5 s .1949
G en E le c tr ic deb g 3 % e ..l9 4 2
G r Rap G L C o 1st g 6 s . . .1915
H u d so n C o G as 1st g 5s. .1949
K au C ity (M o) G as 1 st g 5s 1922
K in g s C o El L <ft P g 5 s . . . J 937
P u rch a se m on ey 6 s___ ..1 9 9 7
Ku fcil U Bku l s t c o n g 4 s 1939

BONDS*
N. Y. STOCK E X C H A N G E
W bkk e n d in o J une 28

15o 9

Q -F
A-O
M-N
J -D
F-A
M-S
J -J
F -A
M-N
M-S
A-O
M-S
J -J
J -D
M-N
J-D
M-S
J -D

101 %

..... . 1 0 1 %

101%

......... 102
100% J ’n e ’07
89 . . ... 91% Jan ’07
99
99
99 Sale
82% Sale
80
82%
100% T’ n e ’07
100*4 101
113% J ’ n e ’06
. 96*4 95 A p r '07
, 100
103 N o v ’ (>5
104*4 N o v ’06
116% J ’ n e’ 07
116% 118
* 9 9 * 4 ......... 100% M ay’ 07
101% 102% 102 J ’ ne’ 07
99 102*s 101 % M ay'07
100 J ’ n e ’07
........ 101
......... 104%
110 M ay’ 05
101% F e b ’ 07

£ D ue Aug o D a e O o t

1 0 1 % 106 %
100% 1 02%
91% 91%
98% 103%
80
84%
99 101
" 9 5 ” ’ *99"
116 % U »*,
100% 103%
100 106%
IOC% 108
100 100
101% 108

q D a e D eo s O ption *■*» >

1540

New York Bond ReCOrd^Continued—Page 3

aO .\ l)r>
N. Y . STO C K E X C H A N G E
W bbk E sd ik g J u ne 28

P r ic e
F rid a y
J u n e 23

L o u is v & N a s h v g e n g 6 s. 1930 J-D
G old 5a................................. 1937 M-N
U n ifie d gold 4 s ................. 1940 J - J
R e g iste r e d ___ . _______ 1940 J - J
S ldjc sund gold 6 s ............. 1910 A-O
C o ll tru s t gold o s ............. 1931 M-N
6-20-yr col t r deed g 4 s. 1923 A -0
E H A N a sh 1st pt 6 s .. ..1 9 1 9 J -D
L C in A L e x gold 4 4 s . ..1 9 3 1 M-N
N O A M 1st gold 6 s . ...1 9 3 0 J . J
N O A M 2d gold 6 s ........1930 J -J
P e n s a co la D iv scold 6 s . ..1 9 2 0 M-8
S t L D iv 1st gold 6 s ........1921 M -S
2d g old 3 s ........................ 198 0 M -S
A t l K n ox A N o r 1st g 5 s l 9 4 0 J -D
H e n d e r B d g e l s t s f g 6 s .l9 3 1 M-S
K e n tu c k y C en t gold 4 s . .1 9 8 7 J - J
L & N A M A M 1st g 4 4 s 194.5 M-S
L A N -S ou th M Joint 4S.19&2 J - J
U F la & 8 1st g u g 5 s . . .1 9 3 7 F-A
N A C B d g e g e n gu g 4 4 s 1945 J - J
P e n s A A t l 1 s t g u g 6 s ..1 9 2 1
' F A
8 A N A la c o n g u g a s ..1 9 3 6 F -A
L A J eff B d g e C o g u s 4 s . .1 9 4 5 M-S
L N A A C h S O C IA L
ali on Coal See L S & M S
an h atta n R y c o n s o l 4 s .1980 A -0
R e g is te r e d . . . .............1 9 9 0 A-O
M etrou ol E l 1st g 6 s___ 1908 J - J
M e K ’ p t * B V See N Y C en t
M e tro p o lita n E l See M an R y
H e x C en t c o n s o l gold 4 s . .1 9 1 1 J - J
1st c o n s o l in com e g 3 s .o l9 3 9 J ’ ly
2d co n s o l in com e g 8 s ..o l 9 3 9
E q u ip A c o ll g old 5 s ........1919
M e x In te r n a t 1st co n g 4 s . 1977 M-S
M a x N o rth 1st g o ld 6 s . ...1 9 1 0 J -D
M ic h C en t See N Y C en t
M id o l N J See E rie
M il L S A W See C h ic A N W
M il A N o rth See Ch M A St P
M in n & St L 1st gold 7 s ..1 9 2 7 J-D
I o w a E x 1st g old 7 s ........1909 J -D
P a c ific E x 1st g old 6 s . . . 1921 A-0
S ou th W e s t E x 1st g 7 s .l9 1 0 J -D
1 st c o n s o l g o ld 5 s ............. 1934 M-N
1st and r efu n d g old 4 s . .1 9 4 9 M-S
D es M A 1?t D l e t g u 4 s ... ’35 J -J
M in n A S t L g u See B C R d b N
M S tP A S S M c o n g 4 i n t g u ’ 38 J - J
M S S M A A 1st g 4 in t g u 1926 J - J
M in n U n See S t P M & M
M o K a n A T e x 1st g 4 s . ..1 9 9 0 J -D
2d g o ld 4 s .......................... 0x99 0 F
1st e x t gold 5 s ................... 1944 M-N
1 st A r e fu n d 4 s .................2004 M-S
G e n s f 4 4 s .....................1936 J - J
S t L D iv 1st r e f g 4 s ___ 2001 A-0
D a l A W a 1st g u g 5 s . ..1 9 4 0 M-N
K a n C A P a c 1st g 4 s . . . 1990 F-A
M o K A E 1st g u g 5 s . ..1 9 4 2 A -0
M K A O k 1st g u 5 s ........194 2 M-N
M K * T o l T 1st g u g 5 a . 1942 M-S
Bher Sh A So 1st g u g 5 s .1943 J - D
Te-x A O kla 1st g H g o s . . . 1943 M-S
M o P a cific 1st c o n g 6s . .. 1 9 2 0 M-N
T r u s t g old 5s s ta m p e d .a l9 1 7 M-S
R e g is t e r e d ................... a l9 1 7 M-S
1 s t c oll g old 5 s...................192 0 F -A
40-year c o ld loan 4 s ........1945 M-S
8 d 7s e x td at 4 % ............... 1938 M-N
C en t B r R y 1st g u g 4 8 .1 9 1 9 F-A
Cen B ran ch U P 1st g 4 s . 1948 J-D
L e r o y A C V A L 1st g 6s 1926 J - J
P a « R o f M o 1st e x g 4 s .193 8 F-A
2d e x te n d e d g old o s . ..1 9 3 8 J - J
S t L I r M A S gen con g 5 s l9 3 1 A-O
G en c o n stam p gtd g 5s 1931 A -0
U n ifie d & r e f g old 4 s . .1 9 2 9 J -J
R i v A G D iv 1 st g 4 s . . 1933 M-N
T e r d i V I A W 1st g 5 a .l9 2 6 M-S
M o b J A K C i s t c on s g 5 s . l 9 5 3 J -J
M o b & O hio n e w gold 6 s ..1 9 2 7 J -D
1 st e x te n sio n gold 6 s ..A 1 9 2 7
G e n e r a l g old 4 s ................. 1938
M o n tg o m D iv 1st g 5 s . . 1947 F-A
8 t L A C airo eoll g 4 s ..e lU 3 0
G u a ra n teed g 4 s ............1931
M & 0 co ll 4s See S ou th ern
M oh a w k A M ai See N Y C A H
M on on g a h ela R iv See B A O
M o n t C en t See S t P M A M
M o rg a n ’ s L a A T See 8 P Co
M o rris A E ssex See D el L & W
<\;asU Cliat A S t L i s t 78.1913 J - J
1^11st co n so l g old 5 s ..........1928 A -0
Jasrper B ra n ch 1 st g 6 s . .1 9 2 3 J -J
M c M M W A A i 1st 6 s ..19 1 7 J -J
T & P B r a n d i 1st 6 s___ 1917 J - J
N ash fc'lor A S h ef See L A N
N a t o t M e x prior lien 4 'as. 1926 J -J
1st c o n s o l 4 s ...................... 1951 A -O
N ew H A D
See N Y N H & H
N J J u n c R R See N Y C en t
N ew & C in B d ge See L o u A N
N 0<fe N E p rior lien g ba ®1915 A - 0
N Y B k ln A M a n B c h See L X
N Y C en t A H R i v g 3 4 s .l9 9 7 J - J
R e g is t e r e d ...................... 1997 J -J
D e h e n g 4 s ........ ............. 1934 M-N
L a k e Sh ore c o ll g 3 4 s . . .1 9 9 8 F -A
R e g is t e r e d ...................... 199 8 F-A
M ic h C en t c o ll g 3 % s ___ 1998 F-A
R e g is ter ed .......................1998 F-A
B e e c h C reek 1st g u g 4s . 1936 J -J
R e g is t e r e d ...................... 1936 J -J
2d g u g old 5 s .................1936 J -J
nC
B eech
C r E x t 1 s t « 3 4 s 61961 A - Ol

M

u

W eek’ s
R a n ge or
L a st Bale

R ange
S ince
J an u ary 1

B id
A sk Low
H ig h
115 J ’ n e’ o7
..........115
111 ......... 108 M a r’ 07,
99
93
99% 9 8 4
1 0 1 4 J ’ly ’ 00
107 D e c >05
108 1 0 7 4 106 4
10S4
92*4 9 2 34 J ’ n e’ 07
1 1 1 1* ...
1 1 3 4 May’ O
109 M ax’ 05
122 4 .
,125% M ay’ 071
*122 *4 M a r ’ 08
1 0 7 4 A u g ’ 06
117 M ay’ 07
72
7 2 4 F e b ’ 07
116 J ’ l y ’ 06
1 0 8 4 J a n ’ 06
96
95 J ’ n e ’07
108 J ’ l y ’ 06
88*
8 7 4 A p r ‘ 07
1 1 3 4 M ar’ 07

U n c H ig h
1144H 7
108 1173<
97 101 \
105 4 109
s*2*i 98
112 1 1 3 4

----

112
111
07

110

--------98

121

117 180
724 724
95

82 Sale
10*4 Sole
15
16

112

J a n ’ 07
M ay’ 07
M ay’ 06

97

100%

1 0 0 4 i o ii 4

80*4
8
204
204
15 J ’ n e ’ 07

77
19 4
14

86
27*4
21

9 0 * » . r i y ’ 01
105 May*00

130 M a r’ 07
105 A p r ’ 07
118 Jan ’ 0 "
1 1 3 4 M a r’ OS
..........109 “a 108 M ay *07
933g F e b ’07 : : :
84
90
97 A p r ’Oti
......... 96
98

Sale

98
102

98
1024

95 Sale
94*4
954
8 4 4 85
84 4
84*4
1 0 1 4 J ’n e ’« 7
1004
. . . . . i 8 u 4 81 M ar’ 07
86% .......... 8 6 4
87
84 M ay’ 07
104 4 J a n ’ 07
9 6 4 A p r ’07
......... 96
106 M ay’ 07
105
1 (U 4 M » r 0 7
103 Sale 103
103
104 M ar’ 07
1014
1 0 » 4 Ma>’ 07
104
H B 3# J^ne’07
1154117
-------- 1 0 1 4 101
1014
Feb
101
101
101
874 894 A p rW
<W54 9 7 4 97 4 M ay’07
90 Sale
»0
B0
92 A p r ’ 07
92
10 M ar *06
1 0 1 4 -------- 101*4 J ’aa’ 07
1 1 6 4 M ar W
110 1 1 0 4
110
1 0 9 4 J’a e '0 7
81
81
82
90 M ay’ O1
88
0 7 4 A p r ’ O'
98 D e c ’ »6
92
120
128 4 M ay’07
122 D ee ’ 05
8 4 4 M ay’ 07:
105
.0 8 4 M ay’07
9 2 4 A a g ’06
I__ “

___
----

130
105
118

130
105
1184

i05**s i ‘l‘o*4
92
94

10 96
6 102

99
102 4

22
H8

94% 98%
80
88
1014105
81
86
16 83
88 %
...
82
87
. . . 104 4 104 4
964 954
. . . 1 0 6 4 112
.. . 104 4 1 0 7 4
2 102 1 0 6 4
. . . i0 4
104
... 1 0 3 4 1 0 7
___ 115% 120
8 1004105

...
...

* i 101 105
86
90
9 7 4 98
l 90
96%
92
924

...
...

101 1 0 I \
116 1 1 7 4
109 4 1 1 4
109 4 1 1 0 ^
11 80
884
85
924
1214124
8 4 4 94
1084 1084

P r ic e
F r id a y
June 28

N Y C en t & H R —( C on tin u ed >
C art <fc A d 1st g u g 4 s . . . 1981 J -D
G o u v & 0 8 w e l s t g u g 5 s 1942 J-D
M oh <fc M ai 1st g u g 4 s ..1 9 9 1 M-S
N J J u n e f i g u 1st 4 s . ..1 9 8 6 F-A
N Y <fe H arlem g 3 4 s . ..2 0 0 0 M-N
N Y & N o rth 1st g 5 s . ..1 9 2 7 A -O
N Y < f e P u l s t c o n g u g 4 s 1993 A-O
N o r & M o n t 1st g a g 5 s .1916 A -0
P in e O roek r e g gu ar 6s. 1932 J -O
R W < S > O co n lste x t5 s.A .1 9 2 2 A-O
O sw e & R 2d g u g 5 s . ..e l9 1 5 F-A
R W i f e O T R l s t g u g 5 s . 1918 M-N
R u tland 1st c o n g 4 4 s . .1 9 4 1 J - J
O g A LC ham 1 st gu 4s g l9 4 8 J -J
R a t .O a n a d l 8 t g u g 4 8 .1 9 4 9 J -J
St L a w <fe A d ir l s t g 5 s . 1996 J - J
2 d gold 6 s........................ 19 9 6 A-O
U tic a <fc B lk R iv g u g 4 s . 1922 J -J
L a k e S hore g o ld 3 4 s ___ 1997 J-D
R e g is te r e d ...................1997 J-D
D eb en tu re g 4 s ............. 1928 M-S
25-year g 4 s ...................1931 M-S
K a A & G R 1st g n c 5 8 .1 9 3 8 J -J
M ahon C’ l R R 1st 5 s .. 1934 J -J
Pitts <fe L E rie 2d g 5 s . a l9 2 « A-O
P itts M c K A Y 1st gu 6s. 1932 J -J
2d gu a r 6*........................ 1934 J - J
M o K e e s * B V l s t g 6 s 1918 J -J
M ic h C en t 1st c o n s o l s . 10Ofc* M-S
5 s .........................................1931 M
R e g is t e r e d ...................1931 Q-M
4 s ........................................ 1940 J -J
R e g is te r e d ...................194 0 J -J
J L <fe 8 1st g 3 4 s ............1951 M -S
l s t g 3 4 s ............................1952 M-N
B a t C & S tu r 1 s t g u g 3 s . 1989 J -D
N Y C h i c * St L 1st g 4 s 1937 A-O
R e g is te r e d ...................... 1937 A-O
W e s t Sh ore 1 s t 4s g u . . . 2361 J -J
R e g is te r e d ...................... 2361 J - J
N Y <fc G re e n w L a k e See E rie
N Y & Hsuo See N Y C <& H ud
N Y L a ck & W See D L <& W
N Y L E & W See E r ie
N Y & L o n g B r See C e n t o f N J
N e w Y o r k N e w H a v & H art—
H o a s a to n ic R c o n g 5 s ..1 9 3 7 M-N
N H & D e rb y co n c y 58.1918 M-N
X Y & N o rth See N Y C <fc H
N Y O & W r e f 1 s t g 4 s ..o l 9 9 2 M-S
R e g is * 5 ,0 0 0 o n ly ..........flfl9»2 M-S
N Y & P a t See N Y C & H
N Y <fc R B See L o n g Isla n d
N Y 8& W
See E rie
N Y T e x & M Bee So P a c Co
N o r <& Sou th 1st g 5 s ..........1941 M-N
N o r f & W e s t g e n g 6 s ........1931 M-N
I m p r o r e m ’t & e x t g 6 s . . 1934 F-A
N e w R iv e r l s t g 6 s ........1932 A-O
N & W R y 1st c o n g 4 s . 1996 A -O
R e g is t e r e d ...................... 1996 A -O
D iv ’l l s t l d f e g e n g 4 s . . . 1944 J - J
P o c a h C & C j o i n t 4 s . . 1941 J -D
C C <fc T 1st g u g 5 s ..........1922 J - J
S cio V <fc N E 1 st gu g 4s 1989 M-N
N o rth Illin o is See C h i <fc N W
N o rth O h io See L E r ie & W
N o r P a c— P r io r lie n g 4 s . .1 9 9 7 Q J
R e g is te r e d ...................... 1997 <J-J
G en eral lien g o l d 3 s ___ a20 47 ij-F
R e g is t e r e d ...................a2047 Q -F
S t P a u l-D u l D iv g 4 s . . ..1 9 9 6 J -D
D u l S h o rt L 1st g u 5 s . . l 9 i e M -S
C B * O c o l l t i 4 s A’« « G t N o r
B t P A N P g e n g 6 s. ...1 9 2 3 F-A
-F
R e g is te r e d c e r tific ’a ..l 9 2 3
A
S t P a u l & D u l 1st 5 s . ...1 9 3 1
2d 6 s ..................................1917 A O
1st oon sol g o ld 4 s ..........1968 J-D
W a sh C en t 1st g 4 s ..........1948
N o r P a c T e r Co 1st g 6 s ..1 9 3 3
N o r R y Cal See So P a c
N o r W is See 0 S t P M & O
N o r & M o n t See N Y C en t
In d A W
S w C C C & S tL
h lo R l v R R See Balt A O
O re A Cal See So P a c Co
O re R R A N a v See U n P a c
O re S h o rt L in e See U n P a c
O sw e g o A R o m e See N Y C
O C F A S t P See C A N W
a c Coast Co l s t g 6 s . . ..1 9 4 6 J-D
a c o f M is s o u ri S et M o P ac
P m a in a 1st s fu n d g 4 4 s . . 1917 A-O
P en n R R 1st real e s t g 4s. 1923 M-N
C on sol g o ld 5 s...................1919 M-S
O onsol g o ld 4 s ...................1943 M-N
C o n v e r tib le g 3 4 s ........... 1912 M-N
C o n v e rtib le g 3 4 s ........... 1915 J -D
Allear Val ge n g u g 4 s . ..1 9 4 2 M-S
D R R R A B g e 1st g u 4s g . ’ 36 F -A
P h ita Hal A W 1st g 4 a .. 1943 M-N
9od B a r A So 1st g 5a__ 1924 J - J
Sun A L e v i s 1st g 4 s . . .1 9 3 6 J -J
9 V J R R A Can ge n 4 a .1944 M-S
P en n Co— G uar 1 s t g 4 4 s . 1921 J -J
R e g is t e r e d ...................... 1921 J - J
G u ar 3 4 s o oll t r u s t r e g . 1937 M-S
G uar 3 4 8 co ll tr ser B . . . 1941 F-A
T r Co c e r tif’ s g u g 3 4 8 .1 9 1 6 M-N
G u 3 4 s tr c t f s C ............... 1942 J -D
G j 3 4 s tr c t f s D ...............1944 J -D
G uar 15-25 y _ a r g 4 s ___ 1931 A -0
Cl A M ar 1st g u g 4 4 s . . 1935 M-N
C l A P g e n g u g 4 4 s ser A . ’42 J -J
B eries B ............................1942 A -O
S e rie s C 3 4 s ...................1948 M-N
S e rie s D 3 4 s ...................1950 F -A

ft?

118% Sale
112 ........

101

1174 H 8 S
1124 1124
1 1 6 4 May*07
1 1 7 4 M a r’06
113 J ’ l y ’04

.......... 101
824

---- 82 V

S i ’s Sale
94
81V
..........
824

3«u«>
824
83
..........

l o o 's 1 0 2 4

914
93
93
824
83 4
82
84*4
102
102

101
824

9 tPy
M a y ’07
i>4
824
A p r ’ 07
83
J a n ’ 07
F e b ’ 07
Mar*04

116 118*8
1114116
11641164

101
82

83

1034
874

90
92 4
93
824
81**
80
84*4
102

94%
93
99
884
87
874
8 4 34
1024

B id
A sk Low
..........103%
9 9 4 .........

93*,
944

..........

914

92
93
90** Side
116
.

.

■120

97 4 M a r’ 07
105 O ct ’ 02
1 0 1 4 .T ’ l y ’06
1 1 0 4 M a y '0 7
1 0 1 4 D e c ’^6
137 N o v 'S 1
1 1 0 4 J ’ n e’ O
113% Jan ’ 02

1104 .

l 103

liig h

.

R a n ge
S ince
Jan u ary 1
Low
974

H ig ti
974

i l 0 4 iV i**

1104114

100 4 O ct ’ o.
94 M ay’07
94 M ay’ 07
122 J a n ’ 06

94
94

103 7* A u g ’ 06
91 '
91
92% M a r ’ 07
924
9 2 -*d
89%
90S,

91
92%
91%
89*a

95
95

96
94
99 4
90%

125*<i M a r’06
107 4 N o v ’ 06
139 J a n ’ 03

1184.
'1 1 2
.
1024 .

104 D e c ’ 06
1 1 8 4 J ’ l y ’ 06
119 J ’ n e’ 06
100% Jan ’ 07
99 4 .
1 0 6 4 N o v ’ 00
94 4 D e c ’ 06
88
91*4 92 4 M ay’ 07

112

.

...... 101 % 101

101
100 4 1 0 1
1 0 2 4 M ar’ 07
1 0 4 4 ......... 104% 105
101 1 0 3 4 102% J ’ n e r07

124

1144.

97
93

101

Sale

70 Sale
' .......... 71
.......... 95*4
99 ..........

Sep ’06
J ’ n e’ 07
J ’ n e ’07
O ct ’ 06
94%
F e b ’ 06
J ’ n e ’ 07
87
F e b ’ 05
J ’ n e ’ 07

994
1014
98
98
69
70*4
70 M ay’ 07
96% la u ’07

1 2 1 4 1 2 3 4 122%
132
1 09 *4.......... 113
105 4 _____ 106 4
98 4
93
113%

9 2 4 "9 4 4
100 4 103 4
102*4 102 4
10 1 % 1 0 5
10041034

F e b ’ 06

9 8 4 9 7 4 J ’ n e ’ 07
......... 1 0 1 4 J ’ n e ’06

104
‘ 1 2 4 4 ......... 1 2 6 4
* 1 2 7 4 ......... 129
......... 128
1274
934
9 3 4 94
100
......... 90
89
87 Salt
86 4
109 4
96

100*4 100%

J ’ n e ’ 07
J ’ ly ’99
M ar'06
M ay’ 07
O ct ’ 06
M ay’Oti
M ay’ 07

95

126
129
934

1014

130
129
99%

88% 9 6 4

85

914

96

99 4

9941024
98 102
69
744
70
71
95% 95%
120

122%

1 0 6 4 i ‘0 8%
113% 113%

102

102 4 J’ n e ’07

L024109

102%
102%
102 .
103 M ay’07
111 4 8 e p ’04
106 Aucr’ o:.
94 Sale
93 4
914
9 0 4 S a le
89%
90 *5
9 9 * * .......... 99 J ’ n e ’ 07
9 7 4 .........
102 ........ 107 *a O ct ’ 06
102 J a n ’ 03

102*4 103
101 103

102*4 .

106

Sale

84 .
944.
84 *4 .
82*4

.

107 4 .

110 4
105%
105%
904
84
934
Htt
90 4
97 4
110
1084

S e p ’ 04
106^
F e b ’ 07
J’ n e’ 06
M ay’07
M ay’ 07
O ct ’ 0*>
M ar’ 06
Jan ’07
Jan 'OD
A u g ’ 03

90% 1 0 0 4
8 8 4 95
99
99

106 107
105% 105%
83** 84**
9 3 4 98
974

974

864

90

105% .
96

9 8 4 D e c ’05
96 J a n ’04

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

83
90
IS 88 1 0 0 4
87 A p r M ?
87
87
107 4 O ct >04
102 % A p r ’OS
£5 A p r ’ 02
5B4
6'J 173 6 6 4 7 6 4
107% D e c ’ 04
107 M ay’ 97
. 106
1 0 5 4 D e c ’ 06
105 O ct ’00
. 80
78 F e b ’07
78
78 4
. 92
92
ri
91% 95
100
. 101 100
100 1 0 6 4
. 106
106 J ’ n e r07
104 4 1 0 6 4
102 D e c ’03
100
100 F e b ’ 07
i« o " io o ”
93 Sal *3 92%
90
98
93
93 4 F e b ’07
934 934

.... .

W eek’ s
| R a n ge or
L a st Sate

lxxhy

O

P

N o p n o e F riday; latest bid and asked. o D u e J a n b D u e F e b




112

1 0 9 4 111

M I S C E L .I 4 N K O U S
C o a i and Iro n
Col F A I C o g e n s 1 g o s . . 1943 F -A
C o n v e r tib le deb g 6 s ___ 1911 F -A
C o l F u e l Co g e n g old 6 s . 1919 M-N
G r R iv C oal A C 1st g 6 s l9 1 9 A - 0
C learf B i t C o a l l s t s r 4 s . , . 1 9 4 0 J-J
C o l I n d u l s t A c o ll 5s g u . .l 9 3 4 F-A
C o n tin ’U dC l s t s l g u 5 s g . l 9 5 2 F-A
Jett A C lear C A 1 1st g 5s . 1926 J -D
K a n A H C A C 1st s f g 58.1951 J - J
P lea s V a l C oal 1st g s f o s . 1928 J - J
S u n d a y Or e.c C o g 5 s ___ 1944 J - j
T e n n Coal t e n 5 « ...............1951 J - J
l ’ en n D iv 1st g 6 s ........<*1917 A -O
B l r m D i v 1st c o n s o l 6 s .. 1917 J -J
C ah C M Co 1st g u g 6 s . 1922 J -D
D e B a r C A I Co g u g 6 8 .1 9 1 0 F -A
V a T ron Coal A C o l s t g 5 s . 1949 M -S
V ic t o r F u e l 1 ;t s f 5 s ......... 1953 J - J

97<%

80
92
11341134

97
974
104 A p r ’05
1 0 3 4 103 *2

103 4 .

125*8

BOKD8
N. Y. STOCK E X C H A N G E
W e e k E n d in g J u n e 2 8

[Vol.

T e l e g r a p h a n d T e le p h o n e
A m T e le p A T e l co ll tr 4a 1929
Com m C able C o 1st g 4 s . .23 9 7
M et T A T 1st 8 f g o s ........1918
M ic h . State T elep . 1st 5 s . 1924
AT Y A N J T e l g e n g 5 a .. 1920
W est U n io n c o l t r c u r 5 s . 1938
F d and real est g 4 4 s . ..1 9 5 0
M u t U n T e l b fu n d 6 s . ..1 9 1 1
N o rth w T e l g u t 4 4 s g . . 1934
M a n u ia c t u r in g
I n d u s t r ia l

J -J
Q -J
M-N
F-A
M-N
J-J
M-N
M-N
J -J

84
86% M ay’ 07
96 4 J 'n e ’06
......... |104 F e b ’ 07
101% 97 F e b ’ 07
105 4 J ’l y ’ 03
100 __
100
100
.......... 96
91
95
102 ____ 104 A p r ’ 07
103 J ’ l y ’ 04

A m C ot O il e x t 4 4 s ........... 1915
Am H id e A L 1st s f g 6 s . . 1919
A m e r I c e S e cu r d eb g 6 s . . l 9 2 6
Am S p irits M fg 1st g 6 s .. 1915
Am T h rea d 1st co l tr 4 s . . .1 9 1 9
A m T o b a c c o 4 0 -y r g 6 s ___ 1944
4 s . .......................................... 1951

Q-F
M-S
A -0
M-S
J -J
A -O
FA

8 6 4 Sale
8 8 4 .........
......... 79 4

« Due ila r d D u e A p r

A D u e J ’ly fc D u e A u g

iai** i04**
98
9#
’ 994103*
91 100%
104 104

85
93
884
864
86
91V
89
89
33
*9
85 M ay107
98 101
100 ........ 99 4 M ay’ 07
8 8 4 99
8 8 4 89*2 8 8 4 J ’n e ’ 07
1044110%
106 Sale 105
106
T 1 4 79 %
73 Sale
724
73
o D u e O ct p D u e N o r « D uo D oc » O p tion

irtce
I r id a v
J u n e 28

W eek's
R a n g e or
L ust Bale

o3

B ia
A tk Low
H igh No Low H ig h
92 A p r ’07
92
92
9 8 34 A p r ’ 04
108 S e p ’ 06
1 2 7 bb O ct ’ 02
119 J ’n e ’ 06
119 A p r ’ 04
11(5 M ay’ 05
i*06«g
107*4 J ’n e’ 07
i 0 7 ‘^ i08*4’
4 106*4 109*2
1 0 6 ^ ......... 10634 106’ 4
1 1 2 **j J ’ ne’ 05
100*4 M a r’ 07
98 10034
91 F e b ’ 07
91
91

f e m i C o—(C otU ttiued)
.Krie A P itts g u g 3 *as B .1 9 4 0 J -J
J -J
G r It A I e x 1st gu s 4 *2s 1941
P itta r t W A C U t 7 s . .1 9 1 2 J - J
2d 7 b...................................19X2 J - J
3d 7 e ..
.A 1912 A-O
Pit** I * Asti 1 st con 5 s. 1927 M-N
P C C A 8 t L g u 4 *2* A . . . 1940 A -O
A-O
M-N
M-N
S eries K 3*2 giiAT g ___ 1949 F-A
S eries F 4 s g u a r ......... 1953
C S t L A P 1st c o n g o s . 1932 A-O 1 1 4 1*
P en sa cola A A tI h e« L A K *xL
P e o A K ast Bee C C ' C ' i B t l i
P e o A P elt U n 1st g 6 a ....l1 » 2 1
2u g o ld 4*«a...................... 4 /l» 2 l
P e r o M a r q —Oil & W M 5 a 1921
F lin t* m
g 6s ............... 1920 A-O n o ^ .........
M-N
P t K a r o n D iv 1 s t g 6 s . 1939 A-O *10214 ..........
S a g T u s A H. l a t g u g 4 s . 1931 F-A
P t u i B 4k V? a r t P e n n B B
P liJ a A H eading c o b s 7 s .1911 J .D
P itts Cm A lit L Bee P e n n C o
P it t * C love A T o l See B A O
P>tts Vt W A Cti he* P e n n C o
P itts M c K e o s A T He* N V Ceu
P itts t t h A L K l a t g 6s . . . 1940
1st o o o s o l s o ld 5 s ............. 1943
J -J
J e r s e y C en t eoli g 4 a . . .19 6 1 A 0
R ic h A B an

6 «e S outh

97

Sale

-------- 94

116

M ar’ 07

115

123 >*J a n ’ 05
100*4 D e c ’ 06
109 A p r ’02
110*4 M ay’ 07
100*4 A p r ’ 07
106*2 S e p ’ 06

116*2

110*4 115
100*4 100*4

115*2 M a r’06

120
98

M a r’ 06
J ’ly ’ 97

81
96*4
97
95** M ay’ 07
94*4 J ’n e ’ 97 . . . .

94*4 98*4
95*4 95*4
92*4 96*2

Ry

K ech A P itts See B R A P
R o m e W a t A O g See N Y Cent
R u tla n d He* N Y C en t
T a s A H b e t Port) M arq
O t J o A G r lal 1st g 4 a ...1 9 4 7 J -J
S t L A C airo tiee M o b A Ohio
f l t L K O A M Bee W abash
S t L M Br See T B i t ^ o f S t L
S t L o u is A S a n F r a n cis c o —
G en eral gold 6 e ................. 1931
G en era l g o ld 6 s ................. 1931
S t L A 8 F R R c o n s g 4a. . ’ 96
S ou th w D iv 1st g O s..1947

J -J
J -J
J -J
A -O
J -J
5-year gold n o te s 4 * 2.-1908 J -D
S t L M A S o E a 8 tg u 4 * 2 g l9 0 9
M-N
K 0 F t S A M R y rel g 4 s 198 6
K 0 A M It A B 1 st g u 5s. 1929
O s ’ r k A G h O l s t g u S s g .1913 A O
S t L o o ts S o See Illin o is C en t
8 t L l W 1st g 4a b d c t fs .1 9 8 9 M-N
2 d g 4s Inc bond C t f s ...p l9 8 9
J-D
G * a y * * P tT e r l s t g u g 6 s 1947
S t P a u l A D a l See N o r P a cific
8 t P a u l K A K a n 2 d O s ...19 0 9 A -O
lal; o o n so l g old 6 s ............. 1983 J -J
R e g is t e r e d ......................1933 J -J
R ed u ced to g o ld 4 *as.. 1933
R e g is to r e d ...................1933
M-N
___ 1937 ,i-r»
X lM isterod.......................1937
& JKt&n 1st d iv I s t g 5 s . . l 9 0 b A-O
N o r D iv 1st gold 4 s ___ 1948 A-O
a tu u i U n ion 1st g 6 s ___ 1922 J -J
M e a t C l e t g u g 6s ..........1937 J -J
JSogisterod...................... 1937
1st g u a r g old 5 s ............1937
W ill £ S F 1st g o ld o s ..1 9 3 b J-D
S t JP A N or P a c See JS or P a c
S t P A S’ x C ity See C 3 t P M A O
8 A A A P a a * ls t g n g 4 3 ...1 9 4 3 J -J
S F e P res A M U s t g & s . . . l 94 j ,*1-S
S V A i i P 1 st s in k I g 6 s . 1919
S a v F A W es t See A t ! C oast L
S cioto V a i A M K Jt.ee N o r A W
Soatouard A ir L in e g 4s ...1 9 5 0
C oll tr refu n d g 5 a ......... 1911 M-N
A tl-U irm 3 # -y r ls t g 4 s .«1 9 3 3 M-S
C ar C en t 1st oon g 4 s . . .19 4 9 J -J
F la Oen A P e n 1st g o s . 1918 J - J
1 st land g r e x t g 5s . ..1 9 3 0 J -J
C on sol g old 5 s ............... 1943 J -J
G a A A la l i y 1st oo n o s o 1945 J - J
G a Oar A .No 1st g u g 6 s 1929 r -1
S lier tUtr A So Ass i i K
T
811 S p Oea A (J See A t l Coast L
S o Car A (ia See S ou th ern
S o u th e r n P a cific Co—
a<M<i 4 » (C en t P a c c o ll) , fcl 949
K e jd s t e c e d ................... *1 9 4 9
C ent P a c 1st ref g u g 4s 1949
R e g is t e r e d ...................... 1949
M o r t gu ar goW 3 * 2 8 ..fe l9 2 9
T h ro u g h S t L 1st g u 4s ’ 54
Gal JbLar A S A 1st g O s.. 1910
M ex A P a c 1 st g o s . . ..1 9 3 1
H lla V G A N l s t g u g o s .1 9 2 4
U o u s K A W T l m g 5 s . 1933
1 st g o a r 5s r e d ........... 1933
H A T O 1 st g 6 a i n t g u .. l 9 3 7
Co&aol g 6s in t g u a r ...1 9 1 2
G e n gold 4s in t g a a r .,1 9 2 1
W a o o A N W d iv 1st g 6 s ’ 30
A A N W 1 st gu g 5a___ 1941

J -D
J -D
F-A
F-A
J -D
A-O
F-A
M-N
M-N
M-N
M-N
J -J
\ -o
A-O
M-N
J -J

.........

90

82

82

1

90

92*2

120 's

123*2 A p r ’ 07
123*2128*2
109 .......... 109 J ’ n e’ 07 : : : : 107 110 *.„
91 F e b ’ 07
.......... 90
91
93
102*4 A u g ’05
44 77
78%
80
7 9 »4 Sale
82*2
98 N o v ’ 06
78 S
.........

80
95**

90 Sale
80 ........
7 3 % .........

116
77

*2 M ay’ 07

97

M ay’ 07

78*2

89
90
80
8>)
73
73*2
101 ** A p r ’07

4

117*2119
77
82*4
97

28

11
12

103
130

97 »a

83
95
79*2 83
72
79
10 1 *81011 *

.......... 1033* J ’ n e ’ 07
.......... 130 j ’n e ’ o7 . . . .
1 34 D e c ’ 06 . . . .
I07*g J ’ n e’ 07
1 1 6 1* A p r ’ 01
104 * « ......... 10412 J ’ n e ’07
97 ......... 97 “s J ’n e ’07

io 7 « 8 i u a s

100»8.........

100*6 100 *,.

....... 1 3 1 1*

80 >2 Sale
..........lO o Hj

100 Si J ’n e ’07 . . . .

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

80*2 21

106*2 F e b ’ 07

110
71 Sale
96 *« Sale

o c l *05

71
96*«

71*»
96*4

5
14

y 6*2 M a r 'o 6 . . . .
107 *4 A u g ’06
109*2 i l a r ’ 05
106 M ar’ 07
110 J a n ’OC
106 M ar'07

86 ^

103
130

105*8
131

104*2 107*4
97*8 100*2

124 M ay’ 05
130 A p r ’07 . . . . 130
136 ^4 M ay’06
115 *2 M ay’07
112

84

BONDS
N. Y . ST O C K E X C H A N G E
W ejsk E ndin g J une 28

R ange
S ince
J an u ary 1

131

>2

115S!

81
87
106*2 108*4

71
90

88

8 2 ai

*2 100*2
89

100

107*4

106

106

86
86*4 2S 85
34
84 J’ n e ’07
9S
95 *«, '* 9 83
93*g J ’ n e’ 07
93*8
82 *4 J ’ n e ’07
32*4
90*4 J’ n e ’o7
90*4
103*2 A p r ’ 07 . . . . 10S
105” 105 J ’u e ’ o7
L05
......... 109
106 * J ’l y ’00
102 ........ 107*4 F e b ’ 05
100 105
104 A u g ’ OO
lll» 4
H I *2 M ay’ 07 . . . . 109*4
1 1 1 *1. J a n ’ 07
11 1
93
93
8 91*i
116 D e c ’ 06
109*o F e b ’ 06
.......

95-’^ ___ _
•93 .........
8 2 8 4

J -J
N o o f Cal g u a r g 5 s ......... 1938 A -O
O re A C al 1st g u ar g o s . 1927
So P o f A r g u l s t g 6 s . .. c l 9 0 9 J -J
J -J
S o P a cific o f Cal—
1 s t g 6 ss e r ie s E A F ...1 9 1 2 A-O
A-O
M-N
S P a c o f N M e x l s t g 6 s ..1911 J -J
S o P a c Coast 1st gu 4s g . 1937 J - J
T e x A N O S a b D iv ls t g 6 s .l9 1 2 M-S
C on gold 5 s .................... 1943 J -J
. 0 P a c R R 1st r e f 4 s ..........1955 J -J
S o u th e rn —1st con g 5 s ___ 1994 J - J
J -J
M o b A O hio c o ll tr g 4 s . . 1938 M-S
M em D iv 1st g 4*2-5 s ...1 9 9 6
J -J
J -J
J -J

V ir g in ia M id See S o u th R y
V a A S o u th w ’ t 1st g u 5 8 .2 0 0 3 J -J
\\7 a ba sh 1st g o ld 5 s , ... 1939 M-N
VV
2 d g o ld 5 s...................1939 F-A
J -J
C ertificates o f d e p o s it___
1st lie n eq u ip s id g 6 s . .1921
1st lien 50 y r g te rm 4 s . 1954
1 s t r e f and e x t g 4s ___ I 960
D et A Cli E x t 1st g 5 s .. 1941
D es M o in D iv 1st g 4 s . .1939
Om D iv 1st g 3*28............1941
T o l A Gil D iv 1st g 4 s . . . 1941
St C has B rid g e 1st g 0 s .1908
W a b P itts T e r m 1st g 4 s . 1954

111*2

98*s
105*2
106*4

112

94 7S

M IS C E L L A N E O U S

86

.........

91
110 *2 .........

W is c e n t 50-yr 1st g e n 4 s . 194

97

.........

107 A p r ’ 07
114*21 )e c ’ 04
110 M ay’ 07
104 M a r’ 07

107

107*u F e b ’07
107*2
104 Sep ’06
y 0*2
91*, “22 S7-4
106*2 107*4 19 105*2
114 N o v ’ OG
89 M ay’ 07
88
113*2M ay'u7
113*2
89
96
92

J ’ u e’ Ot)
J ’ n e’ 06

111
112
113

*2 M ay’ 07

115*8 A p r ’ 00
90 O ct ’ 06

112

1

117 J ’l y ’ 00
108 Jan ’ 07
11 1*2 J ’n e ’07
93 *2 J an ’ 07
111 D e o ’ 06
112*4

110 M ar’ OO
100 '2 N o v ’ 04
111 A p r ’07
111 M ay’ 04
102 M ay’07
91 *2 M.ay’ u7
86 A p r ’ 07
86 *2 M ay'07
73
/3

95
113*4
94
116
94*4

113 117*4
110*2 114
68 69*4
117** 119*4
110 118*4

103 M ay’ 07
98 F e b ’ 05
104 J ’n e ’ 07 . . . .
112 O c t ’06
108*2 D e c ’00
113 D e c ’05
107 *„ M ay’ 07
107 M ay’ 07
96*8 J a n ’ 07 . . . .
108 *a M ay’ 07

111*2

107 4

11 1 1 1 1
112*2 113*8

F e b ’ 07

113
1 1 0 s» J’ n e’ 07
68 J a n ’ 07
117*8 A p r ’ 07

112

107

116 116
103 ®
8 104

111 ** 113
103 103
104

106 *s

106*2 11 1
107 110
94*4 »6 *s
108 *a 109 *»
108 108 >»
111*4 117
93*2 94

16 111*2118*4

111 111
100 *a 10 2 **
12

90*4 97
80
89
85
87 *a
73
82

110 M a r’ 07
110 110
93 Sep ’ 00
I 00 *a l O l .i 86 99*8 102 *a
98*2
98*2 50 98 101*2
95*4
96
31 9o*4 99 4
119*8 119*8
1 117*4 126
112
113
111 114
8 7 7s
88 78 37 8 7 7a 94*4
87*4 M ar’ o7
87** 87*4
103 *2 F e b ’07
103 103 *s
110 J ’n e’ 06

1027s F o b ’ 06
98 Sep ’ 06

110

110 M ay’ 07
106
107*2 ’ *12 107
107 107*4 107
99*2
99*2
99*2 100
4 99
4 99
90
90

74
74*2 73*2
73*2
54 M ay’ 07
_____ 64
......... 100
106 *2 A u g ’ Ot114*4 116*2 114*8 J ’n e ’o7
8 9 * 4 ......... 89*4 J ’ n e ’ o7
34 F e b ’07

1

I l l 's
114
105*a
90
76*9
76

102

07*9
109
80 *8
96*9

102

80
32*m

73*9 82*a
54
68
1 1 1 4 i l 0*2
89*4 9S*a
34
34

106*4 106*4 10 106*4 108
110 D e c ’ 00
111 *a A u g ’ 05
83 M ay’ 07
83
87*9
..................... 102*4 D e c ’ 05 . . . .

106*4 Sale

J -J

103*4 Sale

86

Salt

85

86

99

99
99
1003^ J ’ n e ’ 02
41 O ct ’00
101 M a y O /
70 Sep ’ 06
Sait
«H
*38
8 j 4 85 J ’n e 'o 7
F e b ’ Oi

12

84

89

lJ O N D S —C o n c lu d e d .

itliscella n eou s

82

9?
73
Sale

105
83
loO
94
97
80
104
784
97
91

96
93*4
94
71><
SI 4
82
105 J ’n e '0 7
k>7 4 J ’n e ’07
100 J ’ne'O?

99
714 73
90
41 80
103 4 1 0 8 4
8 7 4 92
97 4 101}
31

91

9 9478 102
97
84
82
J ’n e ’07
70
70
70
J*64 9t>4 J ’n e ’ OV
97
95
1023,1 106 u
..... 104 J ’n o ’ oT
80
96
',8 4
29 77
;|H 9 3 4 99 »«
954
95'V
8 9 4 4 99 4
97 M ay’ 07
97
99
97

84

* N o price Friday; latest bid and asked this week.




91*4 Sale
1 0 7 58 Sale
.........

&ince
J an u ary 1

J -J
69*4 M ay’ Oi
57
62 ..........
57*2
M-S ......... 102
102 M a i’ 07 . . . . 101
.1 -J
93 M a r’OO
J -J
03 Sale
61°g
63 *» 12 ? 64
J -J 1 09 *a......... l o y A p r ’07
107
J -J
A-O
80 lf'eb’ 07
80
•j 96*8
M-S ......... 97*4 96*8
96 *2
A-O * 100*8 .........
100
J-D
69
70
70
70
69*2
J -D
24 Sale
23
24
21 20

W e s t N o C a r See S outh K y
VYheel’ g A L E 1st g 5 s . .. 1926 A-O
W h e e l D iv 1st g o ld 5 s . .1 9 2 8 J - J
E x te n A Im p g o ld 5 s . ..1 9 3 0 F-A
M-R
20-year eq u ip s f 5s . ..1 9 2 2 J -J

88

.......... 110

U tica A B la ck R See N Y C ent
\ / andalia c o n s o l g 4 s ___ 1955 F-A
V era C ruz A P l s t g u 4 *asl934 ,T-J

86

90*2

102

W eek's
R a n ge or
L a st Sale

A s k Low
H ig h No Low M xgh
127 Sep ’ 06
116 N o v ’ 06
112 F e b ’ nv
112 112
98 101
102*8 101 M ar’ 07
104 A p r ’ 07
103*12 104
104*4 F e b ’ 07
104*4 104*8

A t l A Y ad 1st g gu a r 4 s .1949 A-O
J -J 107 .........
E T V a A G a D iv g 5 s ..1 9 3 0 J -J 112*2 . . . .
C on 1st gold 5 s ............. 1950 M-N ......... 114*4
.,1 1 1
E T e n re o r lie n g o s
1938 Wl-S .
6 iJ .........
G a M id lan d 1st 3 s ........... 1946 A-O
110
O a P a c R y 1st g 6s ..........1922 J -J l l o
K n o x A O hio 1st g 6 s . . . 1925 J - J * ......... 117 \
103 ..........
a iob A B ir p r io r lie n g 5s 1945 J -J
.......... 95
M o r tg a g e g o ld 4 s ......... 1945 J -J
R ic h A D an c o n g 6 s ___ 191 ? J -J 112 *4 .........
D e b 5s sta m p e d ............. 1927 A-O 102 .........
R ic h A M e e k 1st g 4 a ... 1948 M-N
So Car A G a 1st g 5 s ___ 1919 M-N 104
V ir g in ia M id ser C 0 s . . .1 9 1 6 Wl-fc
M-S
Series K 58...................... 1926 M-S
M-N
M-N
90*2
W O A W 1st c y g u 4 s ..1 9 2 4 F-A
108 *8.........
J -J
S A N A la See L A N
Spok F a lls A N o r 1st g 6 s .1939 J - J
’ p e r A105
o f S t ..........
L 1st g 4*ij8..1939
J- 1 st co n g o ld 5 s ___ 1894-1944 F -A 110 *2 .........
G e n r e fu n d s t g 4 s ..........1953 J -J ......... 93 \
S t L M B g e T e r gu g 58.1930 A-O 108*2
T e x A N O See So P a c Go
T e x A P a c 1st g o ld 5 s ........2000 J-D 112*4 Sale
.......... 90
.........109
L a D iv B L 1st g 58........1931 J - J
W M in W A N W ls t-g u 5s ’ 30 F -A
T o l A O G 1 s t g o s ............... 1935 J - J
W e s te rn D iv 1st g 5 s ...1 9 3 5 A -O
G e n e ra l g o ld 5 s .................1935 J-D
K a n A M 1st g u g 4 s ___ 1990 A-O ......... 92
80
84
T o l P A W 1st g o ld 4 s . . ..1 9 1 7 J -J
86*2 87
T o l St L A W p r lie n g 3 *2S. 1925 J -J
73 Sale
50-year g o ld 4 s .................1950 A-O
T o r H am A B u fl l s t g 4s.Zi.1940 J -D
I f later A D e l 1st c o n g 5s 1928 J-D
vJ 1st re fu n d g 4 s ............1952 A -O
U n P a c R R A 1 g r g 4s ...1 9 4 7 J -J 101 *o Sale
J -J
98*2 Sale
O re R y A N a v c o n g 48.1940 J-D
95*2 96*2
O re S h ort L in e l s t g 6 s . . 1922 F-A 119 *s Sale
.........
J -J • 1 1 1
,T-n
88 *2 3aie
,r-n
g o ld
4s
UUtaiB
h tAe xNt o1st,
r 1st
7 s ..........1908
j -j
G o ld 5 s ..............................1926 j - j
U ni N J R R A G C o See P a R R

Mjumtfiernrrtn# & Inriuatrinl
B e th S teel 1st o x t s f 5 s . . 1926 J -.7
C en t
th er 2t)-ye*r g &S.1925 A-O
O o M o iT o b ito o o 5 0 -y r g 48.1951 F A
lJwtii Sac Oor oonv 1st g 5 s .’27 A-O
I n t l a^ er Oo 1st o o c g bs.1918, F-A
O o »» o l c o n v s t g 5 s ........1»35 J-J
I u t Ut Ptuup 10-yr ©on v. Os ’ 13 J . J
X n ic k e r I c e (G lue) 1st g 5s ’ 28 v n
L a ck a w Bteol l » t g 5 « . . . xaa3 A O
N at BUircb M.lg O o l u g 6s 1920 M-N
K a t S U ro h O o h t dob 5s. 1926 J - J
B e p u b I * S 1st Jk, o o itr 5 s . 1931 A -O
Li s* i.s»U i Oo B /U ob g (j« ..1 9 1 3 .VI-N
V S K ealty A 1 0011 v deb g o s ’ 24 J -J
U S Stefti O orp— ( co u p .d 1963 M-N
S f 10-60 y r 6s. ( r e g ..d l 9 ( i3 M N
V *-O ar C *em col tr 6s C ..1V12 A-O
W estim rh ou so K«fe M s f 5 s ’ 31 .1 T

B id

S ou th ern P a c Co— (C o n tin u e d )
M o r g a n ’ s L a A T 1st 7 s .1918

W a rre n s e e D e l L a c A W e s t
W ash C e n t See N or P a c
W ash O A W See S ou th ern
W est M a ryla n d 1 st g 4 s . ..1 9 5 2 A-O
G en A c o n v g 4 s ............. 1952 A - O
W V a G ent A P 1st g 0s 1911 J - J
W e s t N Y A P a 1st g 5 s ..1937 J . J
G en g o ld 3 -4 s.....................1943 A-O

100*8
99

P r ic e
t y iiia u
Ju n e 2 8

| B on ds
\ Sold

» ( ) J l>>
N . Y . S T O C K KJCCHA-XGE
W a u Ejrt>n»« .t o t e 28

1541

4

I n t’ st
P erion

New York Bond Record— Concluded— Page

J une 29 1907.1

U7 L.

« Due Jan

A d a m s f i x o o l tr g 4 s ..........1948 M-S
M-N
F -A
C h ic J c & Sc Y a rd co l g 5 s . 1915 .T-J
D o tM & M Id g r in c o m e s .. 1911 A-O
I n t M erca n M a rin e 4 4 s . . 1922 A-O
u i t N a v ig a tio n 1st s f o s . 1922 F-A
M-N
J -J
N Y Dock. 50-yr 1st g 4 s ..1951 K-A
M-N
P r o v id e n t Loan S o c 4 4 s . l 9 2 1 M -S
St J o se p h S tk Y d s 1st 4 4 s . 1930 J -J
St L T e r G uppies Stat’ n & P rop
l-T>
3 Y u b a W a t Go c o n g t is ..l9 2 3 J - J
Sp V a l W a t W o r k s 1st 6s.l90t> tf-S

b Due Feb

< Due May g Due J 'ne

9

82

8814

9834 103
101

.....

63

1

90
87»,

__

112

_

93 4

J ’ llyy ’ 04

A Due J’ ly

n
9 3il..
4 .T’TiA'ft?
J ’n e ’07

p Due N or

101

t>7 >4 70**
85
85\

90 J ’n e ’07
88
99 M ay’ OO
100 4 Sop ’ 05

1134
Jrly
1134 J
rly ’00
’ 00 ....
93

d L»ue A pr

Sal*

95
8 S 3*

90
96
f Option Sale

CHICAGO STOCK EXOHAS&E—3took U ecord-Oaily, Weekly and Yearly
SIOCRH—H IG H R S T A N D LO W E ST S A L E PRIC KS
Saturday
June 22

Monday
June 24

*150
*3%
*13
2034
3%
17%
♦50
*83 7S
23%

*150
4
14
*13
23
23
3%
*3
17% ♦16
61
84
24
•23
63 % 63%
42
42
*40
•22
25
*23
•60
*60 4 65
83
*80
*80%
*28% 2914 29%
•95 100 *
33% 33% •30
5%
5%
53 >4 53%

*121
*7 0

•
*35
*3 8

125
76
105
40

*1
*6
140
•38
•120
*106
126%
•62

*1
1%
6%
•6
142
140
40
*38

*71
•111

25
63%
42
65
80%
?9%
97
35

5%
5V
5a
53
*133
*
125
125
70 7» 70% •71
*103 105 *
10434
40
*35
40
•35
39
*37
39
*38
•108 109 *108 110
52
*50
•50
52

109
62

73«8

17%

157% 157k
4
*3%
*13*11 15
23
24%
3%
3%
17*, 17%
52
51
*83 % 84
25
*23
6334 64
*40
43
*22
25
*60
62
*80
S3
28% 29
97
•
33

5%
5%
64
*63

*108
•60

•111

160
4
14
23

Tuesday
June 25

*1
*6
140
40
*38
*120
•120 125
107 •105% 106% •106
125*1 126% 126% I2y»*
*62
•52
64
54
1%

6 ‘?

140 %

73%
73% 73%
lll* v *111 111*5 111
73
72% •70
116 •111 115 *111

*40
42
*40
42
*89% 90% *89% 90
10434 105
104°s 105
155 155
*155 159
100 100
100 100
2
*1%
l 7s 2
11
11%
10*4 1 1 %
22 % 22*i
247s 25

1%

140
40
106S
126 S
64

74*11
111%

73
115

42
*40
«J0%
•89
10434 104 %
•150 155
100 loO
2
* 1 78
10% 11
•22
25

Wednesday
June 26

Thursday
June 27

jbriday
June 2*

U m it'onils
H 50 160 •150 160
160
160 Chic C i t y R y .......... 100
L a s t S a le 3\
J’ne’07 Chic <fc Oak P ark___ 100
*3%
4
L a s t S o,l( 14
Do p rel.............. 100
*13% 15
J ’ne'07
24%
24% Chicago Subw ay___ 100
24% 24%
24
24*4
•3%
♦3% 33<
334 Chic Union T ra ct... 100
334
18
•16% 17% *16%
18
Do p ref.............. 100
18
53%
54 Kan 8 City Ry & D t . 100
53
53%
52% 53
'83%
*83% 84S
83 7a 83
84%
Do pref.............. 100
•22
24 Metropoi W S Elev. 100
23
25
•23
25
64
64 %
65
64
•64
64%
Do pref.............. IOO
*40
45 North Chic S treet... 100
•40
42
*40
42
*22
23
23 Northwestern Elev. IOO
25
*23
25
62
62
*60
*60
6i
62
Do p ref.............. 100
82
•82
85
83
•81
82 % Sontli Side E le v....... 100
23% 28 Hi
28% 28%
28%
2834 S treetsW Stable C L 100
♦
L a st S a le 97
J ’ne’ O'i
97
Do p re i............. 100
*30
33
33
33 *30
33 West Chic str e e t___ 100
Vtiscellaneous
5%
5%
5%
5% American Can.......... 100
5%
6%
54%
54
54
63 34 5a
54
do p r e f... ----- 100
133
100
•134
*
L a s t S a l t 123
J’ne’07
100
125
72 Am er Shipbldjr......... 100
72
71% 7'. h •70
•70%
•
J ’ne’07
10434 L a s t S a le 107
Do wref.............. io o
A p r ’07 Amer Straw B oard.
-35
40
L a s t S a le 38
38
100
*38
39
100
110
J ’ne’07
*108 109
J’ ne’ 07 Cat <fe Chic Canal & D100
♦50
L a s t S a in 51
62
165
100
16
•1
May’07 Chio B rew ’ g & M a lt’ e ___
1 % L a s t S a le
6’ %
•534 6 *2
143% 14a % Chic E d is o n .............. 100
140 140 *142 145
39
33% 38% ♦38
40 Chic Pneumatic T ool. 100
39%
L a st S a le 120
•122% 130
J ’ne’07 Chic T e le p h o n e....... io o
106 106
1 06
106 106
107 Chic T itle & T ru st.. 100
126% 126% 126% 126% *126
127 Diamond M atch....... 100
5 3\
*52
100
64
May’07
3 /%
100
80
F eb ’ 06
100
46
46
L a sx S a lt 2 %
J ’ne’07
L a s t S a le 25
May’07
Do p re f.............
74
•7 3 %
•72% 73% *7a
74 National B iscu it___ 100
♦111 111% m % m % ♦111 >4 1 1 1 34
Do pref.............. 100
*70
*70
•70
73
73 National C arbon___ 100
73
110
100
•111 114
•40%
90
90
10434 105
155 155
100 100
*17,
2

11

11
*22%

C a st
90%
lo± %
•160
•99
L a st

25

♦22

sy % J ’i y ’06
S a ce 42
J ’ne’ oY
90%
9 0 14
90%
105
io o ^
105
155
155
163
100
100
100
S a le 2
J’ne’07
11%
11
11
24
24%
24%
32 %
10
16
4

Price
Friday
June 2S

Weems
Kanye or
Last bate

Low
High
Amer Biscuit 6s ............... 1910 F-A
100 Mar’o
Ainer Strawboaru l8 t6 H ..1 9 ll J -J
Cass A ve <fc F G (St Li)—
6s .......................................1912 J -J
101 100 % May’ 07
100 May’ *>7
Chic Boar* oi Tiauc -*« ...1 9 2 7 J -D
103 A p r’(>4
Clue Consol Br «fc M lt Os.......... J-J
61 May 07
Clue Consol i'rac 4 %s....... 1939 J -D
Clue Edisoi —
1 0 0 N ov’06
Debent (is........................1913 J-J
101 100 J ’ne’ 07
1st fcOid 6s .................... A1920 A-O
100
9634 Jan ’06
Chic Auditorium 1st o s ...1929 F-A
98
Clue Dock Co l s t 4 s .......... 1929 A-O
Si F e b ’06
Chic N o shore Klee 6s ___1912 A-O
Chic & MU Klee R y 5s ....1 9 1 9 J -J
Clue Pueum Tool—
80* 80%
SO3*
1st 6s .............................. ol9 2 1 J-J
Clue KoCK 1 <fc i'a c KK 4s.2002i.Vt-N
79 N ov’04
80 A p r’04
Collat Trust g 6s ............1913sM-S
Commonwealth E lect—
o s .....................................6194K M-8 101 101»4 101 May’07
90 Deo’06
Illinois Tunnel 6s ............1928 J -D
J’ne’07
Kans City R y <fc lit Co 6s. 1913 M-X ........ 97
95 Sale
95
95
K m ckerb eker Ice 1st 6s. 192b A-O
Luke Street El—
89 Sale
89
89
1st 5 s ................................192j> J-J
16 May’06
incom e o s ........................1926 Feb
Metr W Side El—
89 Sale
P8 %
89
1st 4 s ................................1938 F A
83 Saif'
83 >«
83 %
E xtension g -is............... 1938 J -J
90 D e c ’06
N orui Chic St 1st 6s .........1909 J-J i ......... 9o
1st 5 s ................................ 191o J-J
79 Aug’06
R efunding g 4 % s .......... 1931 A-O
75 F e b ’07
N o Chic City Ky 4 %8 ...1 92 7 M-N
North W est’n El—
91 ^
92
92 Sale
1st 4 s ................................1911 M-S
93
Ogden Gas o s .................... 1945 .M-N
93
93 Hi 93
Pearsons-Taft 6s ............... 1916 J -D
100% Mar’OC
97 Mar’OT
97
4 -4 0 s........................................ il-s
98
98 May’ 07
4‘60s Series E ................. . . . . M-N
99 >2Sep ’06
99
4 *80s Series F ......................... M-N
115 % J ’ ne'07
People'sG as .LA C lstB s.1943 A-O
R efunding g 5 s ..............1947 M-S
1 0 1 H. 100 A p r ’07
101 J ’ne’07
Clue Gas Lt & C 1st 5 s.. 1937 J - J
A p r ’07
. 1 0 0 % 101
con sum ers’ Gas 1st 5 s ..1936 J -D
u utual Fuel Gas 1st 58.1947 M-N
103 % F e b ’06
South Side E lev 4 %8.........1924 J -J
9838 •■'ale 99%
99%
S w ift db Co 1st g 5 a .......... 1914 J-J * ........ 100
100 J ’ne’07
99 May’07
99 100
Union K f (Loop) 5s.......... 1945 A-O
114 N ov’04
Union Pacilic oonv 4 s ___1911 M-N
72 Sale
United Box Board 6s ........................
72
72
27
90 May’07
W est Chic St 1st 5s.......... 1928 M-N ......... 95
68 % Sep ’05
Tunnel 1st 5s.................. 1909 F-A
80
73 J ’ne’07
Debent 6s ........................1914 J-D
73 J ’ne’07
Consol g 5 s ......................1936 M-N
80
W est D iv City B y 4 *28..1932 J -J
87 D e c’ 06
W est’m Stone Co 5 s ....... 1909 A-O
96% Jan ’06
Note^—A ccrued interest mus t be added to all C hicago bo

27
........
........
1,925
aoo
250
818
25
220
237
50
200

50
205
950
........
45

20

Range /or Previous
Y ea r(1906)

Range lor Year
1907
Lowest

Highest

150 M arl9
H% May 14
13 Feb 15
15 M arl 4
2% May 15
14 Apr 2,-t
49 Mar25
83 Mai 25
23 J’ ne27
62% J’ne21
34 % Apr lo
22 Apr 2 6
58 Apr 24
76 M arl4
28 Mai25
95 Apr 3
20 M arl9

205 Apr s
5 Jan 24
16 A pi 6
4 6% Jan 2
6% A pr 3
19% Jan 5*
65 Jan 16
87 Jan 17
28 Jan 24
72 Jan 15
45 A pr 4
25% Jan 25
64% Jan 15
90 Jan 4
34 Jan 15
99 May 18
35 A pr 3

5 >5 434 Jar 2;j 7 % A pr 11
725 48% >larl5 60 A pr 10
129
133 Feb 21
122% Mar‘^,8 1 3 0 A pr 24
250 63 Mar20 80% Jan 14
. . . . . . 101% Apr 10 109 Jan 7
........ 30 JaD 2 4 0 :<lar28
40 J ’ne h
34
111 Feb 8
106
50 M aria 54 Jan 8
165 Feb 27 165 Feb 27

S49
at;
........
28
187

1 Jan 9
1 Jan 9
6% J ’ne 6
6
129 Mar21 149 A pr 3
38 J’ ne 3 51 Feb 8
115% Jan 2 134% A pr 4
1 0 2 % M arl6 112 % May Ijj
119 % Jan 24 129% May 15
44 Sj Feb 1 57 May 2

Highest

Lowest

140 Sep 200 Jan
7*4 Jan
5 Dec
15 Dec 28% Jan
aa% J'ly o:» May
4 J ’ly 13% Feb
12% Mh> 46% Mar
54 % Jan 6S % Feb
8 > Oct 93% Feb
25 Oct 30 J ’ne
Qo % Oct 72% N or
25 Mar 85 Mar
23% J’ly 28% Feb
60 May 68% Mar
89 % Apr 99 J ’n*
27 May 35% N ov
97 Dec 102 J’ne
23 Apr 60 F eb
6 J’ ne
51 J ’ly
115 Feb
128% Dec
54 Jan
101 Jan
17 Feb
106 wet
55 May
168% May
16 Feb
1 Mar
6 Nov
136 J ’ly
48% Dec
101 Apr
103 Mny
118 J ’ ne
41% Sep

11% Jan
72

Jan

136

Jan

130

N ov

81 N ov
112 Nov
3 1 % Deo
40 Feb
113% J’ne
64 Pet*
175 May
16 % Fel»
1 MU
7 Jan
165 Feb63 Feb.
139 Jan
118 Jan.
147 F eb
7 l s4 Jan

25 Feb 5
323 73 % May3 I
170 110% J’nelO
300 70 A p r 18
107 A pr 9

79% #eb 80 Feb
Jan 11 46 May 48 Sep
2% Feb1% May
2 % Jan 23
27 Mar 4 21 J ’ne 23 Mar
9 % Dee
86 Jan 14 62 May
117% Jan 7 113% Jan 119 Oct
84 >4 Jan 11 78 Jan 95 Mar
120 Jan 17 112 Dec 122% Mar

40 Apr 17
88% Apr i 7
101% Marl 5
133 Apr 9
98% .Vlarl4
1 Jan 2
6 Jan 2
22% J ’nel2

88% Ply
Jan 10 50 Aug 63 % Dee
57
95 J an 2 S 92 >4 No\ 99 Sep
113% Jan 16 101% Jan 119% Sep
173 % May 3 115 May 152% Jan
10 234 Jan 16 99 % Dec 106% Feb
% Dec
2% Jan
2% Apr 8
5% Dec 17 'a Jan
12a« A pr 8
30 Feb 14 28 Dec 42 Mar

15 45

Sears R oebuck com 100
165
Do
pret.............. 100
448
Swift * Co................. 100
337
The Uuaker Oats Co. 100
83
Do p re f.............. 100
Unit’d B ox Bdifc P ColOO
Do p re f............. 100 1,080
W estern S tone......... loo
160
Mlniiuc

N ov’06

32% Jan 24 32% Jan 24
16\» Anr lo

20

Jan 22

29J, J ’ne 44% Feb
7% J ’ly 14% M a s
14*4 Mar 20% Nov
3% J ’ ly
4% Oct

Chicago Banks and Trust Comoanies

Chicago Bond Record
HUN US
C H ICAGO STOCK E X C H ’ G h
W kkk ENDISfi J dne 28

Sales
o/ the
Week
Shares

STOCKS
C H IC A GO STOCK
EXCHANGE

Range
tor year
1007
Low JJiylt

100

100

101 % 102
100

100

55

61

i o o " io i"

77

81*8

100

1023*

98*
1)6
89

93%

P8
80

9 0 7f
85

89% 92
92
95
97
98
115% 1 1 5 %

100

102 %

101

1 0 4 s,

101

102

98 100%
100 102 %
98% 100
75
90
73
78

p rices.

NAME

Bankers N a tio n a l.......
Calumet N ational.........
Chicago C ity.................
Commercial National..
Continental N ational..
Cook Co State Savings
Corn Excliauge N a t...
Drexel State.................
[Movers llep National
fcinglewood Sta^e ......
Federal N ational........
First N a tion a l.............
first Nat E nglew ood..
forem an .Bros B’k’g Co
fo rt Dearborn N at___
Hamilton N a tion a l___
Hibernian B ’ k’ u A ss’n
Kaspar estate Bank___
uonroe N ational........
Mutual B a n t .............
Vat B ankot Kepubiic.
National C ity...............
National la v e S to c k ...
North A ve State..........
Norm side sta te S av..
Oakland N ational.........
Prairie N ational..........
Prairie State.................
Railway E xch an ge___
south Chicago Savings
Security.........................
stato Bank of Chicago.
Stock Yards S a v in g s..
Jm on Bank of Chicago
Union Stock Yds State
Vmer Trust «& S avgs..
Jentral Trust Co of III
Chicago Sav Bk & T r ..
Uhica j o T itle & Trust.
Jitizens Trust & Sav..
Colonial Trust & S av..
Jrovers Trust & S av..
■i'irst Trust <fc Savings
Harris Trust & Sav .. .
llinois Trust <fc S av..
ie n w o o d Tr & Savings
jake V iew Tr & s a v ..
Merchants’ B’ n& Tr Co
Vi etropolitan Tr <fe Sav
S’orthern T rust Co___
Northwest Tr & S a v ...
Peoples Trust & s a v ..
’ ullman Trust <fc Sav.
tioyal T rust C o ............
Stockmen's Tr& Sav ..
J m on Trust Co............
iVestern Trust & Sav.
Side T r & Sav B k ..
Woodlawn Tr& Sav Bk

Ouixlarm- 1Surp Lu& d
Ju
iny
Profilsi
JItoo
fitoc A-t

Invtnenu
Jn \Htrr
w o t 10(1

Hceorn
Last J'aid
S)

1
8
J ’ly ’07, 2
8
.(>‘2,000,000 *1.249,84!V- iJ i'uc ’06, 6
J
5
5
lOO.OOu
34,84:
10 i j - j Ian ’07, 6
500,001/
155,186 10
12
Apr ’07. 3
o3 .000,000 4.194,047 12
8
8
Q-J Apr ’07, 2
4,000.000 2,884,1 *b
6
6
1,47 4
50,000
<i-J Apr ’07. 1<*
12
Q-J Apr ’07, 3
3.000,000 4,565,61*1 12
6
6
3 8,. 83
Q- J Apr ’07, 1 4
200.000
8
344,07,7
8
Q-J Apr ’0 ., X
<300,000
3
33,53.
Q-J Apr ’t>7, 1 4
•
200,000
Began busin e/»s , »«l 16. 180fr
7.
000,000
Q.J J ’ly '07. 3
12
12
8,000.000 7,0.'>t>,67o
15o,0.'C 10
10+10 St-J Apr ’07. 2 4
100,000
636,0 ?.- B n v ate Ba iik
500.000
6
381,681
Q-J J ’ly ’07. 2
6
1,000,000
187,400 . . . .
F-A Feb ’07, 2 4
500,000
8
Q-J Apr ’07, 2
10
1,500,000 1,1:1,302
— ... .... ....
100,28-7 . . . .
....
200,000
Q-F Feb ’07, 1
5'2,OOli . . . .
3
300,000
Jan , ’ 07, 4 4
68,138 . . . .
....
250,000
i i - j J ’ly ’07. 2
6
6
2,000,000 1,178,604
361,838 Began busin ess c eb 5, 1807
1,500,000
1,000,000 l,327,ti3l> 12+3 12+3 y .J Apr ’07? 3
< 5l.5»l Began busin ess Uec 8, 1906
•200,0.10
Q-J, Apr ’07, 1 4
6
6,215
6
60,000
Q-J Apr ’07, 1 4
6
34,325
6
lOO.tfOO
....
67,836 . . . .
....
250,000
1138 Vi-J Apr ’07, 2«
55.83.S
8
C500.000
27,671 Began busin CS.1 July 3, 190*
250,000
Q-J Apr ’07, 1 4
5
64,724
4
200.000
300.OOO
88,278 Orga nized Oct 12, 1906
Q-J i ’ ly ’07, 3
8
8
1,000,000 1,068,513
156,373 N one
250.000
35,817 Began May 1, 180 5.
200.000
Q-J Apr ’07, 1 4
6
51~638 N one
Ii00.000
Q-J Apr ’07. a
8
8
3,000,000 2,516,838
Q - J Apr ’07,
7
6
4
890,474
2,000,000
....
............................ ..
n88,26'/
n 500,000
6
Q J J ’ne *07, I 1*
6,000.000 *1,176,465 **6
... .... ..... .
§7,883 . . . .
50,00o
Q-J J’ly ’07, 2 4
636,791 6 + 5 ‘i o
600,000
6
6
Q-J A pr ’07, 1 4
75,206
200,000
939,658
. . . . ___ . . . ____ . . .
2,000,000
253,257 Began busin 688 Feb 4, 1807
1,250,000
11 J ’ly ’07, 4
4,500 000 7,822,842 12 + 4 12+4
37,405
Q-J J ’ly ’07, 1 4
'.'00,000
27,741 o rg a nized Nov 18, 1905.
200,000
12
Q-J A pr '07, 3
3,000,000 4,273,852 12
336,410
6
6
Q -J J ’ ly "07, 1 4
750,000
8
8
1,500,000 1,769,930
Q -J Apr ’07. 3
40,003 Orga nized J ’ly 28, 190b
20J,000
54,838
............. ..
.....
....
200,000
172,514 " 8
8
fcoOO.OOO
Q-J Apr ’07, 2
535,429
Q-F May ’07, 2
6
500,000
8
5,300 Incor porate d M area, 1906
‘200,000
999,948
1,000,000
1,000,000
302,953 “ «
6 +1 Q-J Apr ’07, 1 4
6, 190*
23,292 Began busin ese
200.000
6
Q-J J ’l y ’ 07, 1 4
200,000
25,743 . . . .

lee special
spemal dividend at 30%
s o % paid Dec. 18,
i s . 1906j.»uo. *- dBid
m m
b
as*eu prices;
p ™ oo; bo
.
||Dividends are paid Q-J, with extra payments Q-F. ^ Includes
and
asked
- ' day.
■
^
- price
- this
• a -Due Dee.
s31.
i. a
from $*50,000,
♦ -N- o price -Friday;
latest
week,
a Due
Due June,
June, ee Capital
Capital increased
increased Jan.
Jan. 1.1907
1.1907 from
$ ia0,000, aa cash di
“ f a3.
made on this
boek. b Due July. *»•o.»«it.»i
Capital increased frnm
from *.-500.000.
* 300,000, a stock dividenu
dividend o- __ .
of 30 per cen t being declared and to be taken as part paym ent for new stock,
o Capital increased from $2,000,000. and $2,000,000 added
p c. being declared, in part paym ent therefor.
n Capital and surplus to
' be Increased.
surplus, t May 20, for’ National Banks, and May 21,"’07 for State Institutions, except those designated ($), which are of date M arch 22 and m
r e s p e c t iv e ly .

% A s o f D e c. 3 1 ,1 9 0 6 .




T R A N S A C T IO N S A T T H E N E W Y O R K STOC K E X C H A N G E
D A I L Y . W E E K L Y A N D Y E A R I iY'
Stock$
P a r valu e

Shares

Saturday............
Monday..............
Tuesday..............
Wednesday.........
Thursday............
Friday................
Total................

State
B on d s

R a ilr o a d Jcc
B on d e

V S
B on d s

*4.5 4 0 .2 0 0
12.450,200
4 0.234.100
50.476.300
42.616.100
64,106,750

$ 202,000
586.500
922,700
975 ,000
1,071,500
815 .500

$17 ,000
121.500
174.000
93,000
170.500
165.000

$ 10,000
3,000

2,454,727 $21 4,50 3,6 50

$4,573,200

$741,000

$19 ,000

61,727
140,252
458,545
567,168
483 ,896
T50.144

W eek en d in g Ju n e 28

Sales at
N ew Y o r k Stock
E xch a n ge

J a n u a r y 1 to J u n e 28

1906

1907

e’ o o o

1906

1907

147,823,642
115,915,227
5,873,638
2.454,727
S tock s— N o. shares
Par y a iu e .......... $21 4,60 3,6 50 $51 0,59 3,3 00 $9,892,181 ,485 $13,108,474,100
$29 6,50 0
$177,700
$ i ,000
S a u k shares, p a r ..
BONDS
$1,173,000
8448,800
$17 ,000
$19 ,000
g o v e r n m e n t bond s
4 6 ,302,150
27,129,400
1,197,500
741,000
S tate b on d s.............
345 ,755 ,80 0
208 ,308 ,30 0
7,279,000
4,573.200
B R . and m is. bonds
T ota l b o n d s ___

$5,333,200

*8,493,500

$ 235,886,500

$ 393,230,950

D A I L Y T R A N S A C T I O N S A T T H E B O S T O N A N D i 'H I L A D E L P H I A
EXCHANGES
W eek en d in g
J u n e 28
1907

P h ila d e lp h ia

B oston
B on d
sales

Listed
sh a re*

U nlisted
sh ares

3,480
10,687
29,513
22,299
14,413
23,555

3,322
9.273
12,554
15,917
12,778
11,593

*7,0 0 0
31.000
10.0 JO
32.000
7,500
1 J.800

T o tn l______ 103,947

65,437

$10 7,30 0

S a tu rd a y ........
M o n d a y .........
T u e s d a y ..........
W ednesday. .
T h u r sd a y ........
F r i d a y ............

U nlisted
sh ares

L isted
sh ares
2,118
6,062
20.308
19,6.14
2 0,237
26.S58
95,2 77|

B on d
sales

1,252
2,175
9,508
7,566
5,833
6,016

$16 ,500
36,500
41,100
23,000
36,200
27,700

32.350

*181 ,000

Outside Securities
A W e»k lv R eview o ' O utside M a rk et w il l be fo u n d on a p r e c e d in g page.
(S treet R a i l w a y s
NEW YORK CITY
B l e e c k S t * F u l F stk 100
111st m ort 4s 1950 ..J-J
U B’y & 7th A v e stk ,.1 0 u
112d m ort 5s 1914 ...J -J
C on 5s 1943 See S tock
B ’ w a y S u r f l s t 5 s g u 1924
U Cent’ l C rosst’ n s t k . .1 0 0
IJlst M 6 s 1922 ...M -N
lIC e n P k N & E R s tk .1 0 0
flC hr’ t ’ r<fc lo t h St stk 100
Col<& 9tli A v e 5s See Stock
D ry D E B A 3 1) 1st gold 5s 1 9 3 2 ...J-D
TlScrip 5s 1 9 1 4 ___ F-A
E igh th A v e n u e s t k . .100
liS crip 6 s 1 9 1 4 ___ F-A
H42d & G r St F ’y s t k . . 100
42d S t M & St N A V ..1 0 0
J l s t m o r t 6 s 1910 .M -S
fl 2d in c o m e 6s 1916 J-J
la t e r - M e t —See S to c k E x
L e x A v & P a v F 5s s e e St
M e tro p o l S tr e e t Ry'. 100
N in th A v e n u e s t o c k .100
S econ d A v e n u e stocklO O
111st m ort 6 s 1909 M -N
C on s ol 5s 1 94 8___ F-A
U Sixth A v e n u e s to c k 100
S ou B o u le v 6 s 1 9 4 5 ..J-J
So F e r 1st 5s 1 9 1 9 .. .A - 0
T h ird A v e n u e See Stock
T a rr y W P <fc M os 192S
Y k e r s S tR R 5s 1 9 4 6 A -0
28th & 29th S ts 1st 5s ’ 96
flT w en ty -T il’ d St stk 100
U taoii R y 1st 5s 1942 F-A
W estclies t 1st. 5s ’ 43 J -J
BKOOliLYN
A tla n A v e 5s 1 9 0 9 .. A - 0
C on 5s g 1 9 3 1 ..........A -O
B B & W E 5a 1 9 3 3 ..A -O
B r o o k ly n C ity s t o c k .. .1 0
C on 6 s See S to c k E x cli
B k ln C rosstn 6s 1 9 0 8 .J-J
B k n H g ts lB t o s 1941 A-O
B k ln tjCo<fe S u b See Stk
B k ly n R a p T r a n See Stk

B id
25
80
200

A sk

28
85
2*0
100 104
E x ch list
100
105
230
170
108
115
150
. 65
140
160
E x ch list

S tr e e t R a ilw a y s
P u b S e rv C orp N J f Con)
J C H o b & jfc'atersonloo
4s g 1 9 4 9 ............. M -N
So J G as E l & T r a c 100
G u g 5s 19 5 3 ........M -S
N o H u d Co R y 6s’ 14J-J
5s 1 9 2 8 .................... J-J
E x t o s 1 9 2 4 ........M -N
P a t C ity c o n 6s ’ 3 1 . J-D
2d 6 s ___1914 o p t A -0
So Side E l (C h io)
See C
S y ra cu se R ap T r 5s 1946
T r e n t P & H 5s 1943J-D
U n ited R y s o f St L—
Com v o t tr c t f s ........100
U P re fe rre d .................100
G eu 4s 19 3 4 ___ 6’«e S tk
U n it R y s San F ra n WeeStk
W a sh R y <fe E l C o ___ 100
P r e f e r r e d ...................100
4s 1 9 5 1 ...................... J-D
UW e s t C h ica g o S t ___ 100
UCon g 6 s 193 6___ M-N

B id

A sk

35

i 66
114
4 97
i 106
4102

68
X17
98

T e le p h o n e

|

UA m e r T e l e g & C a ble 100[
75
IICentral & So A m e r . 100 * 1 1 0
C om m er U n T e l (N Y ) .2 o 113
Emi> & Bay S tate T e l 100
75
F r a n k lin ........................ 100
45
IIGold & S t o c k ............100 110
H u d so n R iv e r T e le p h 100
53
UN Y & N J T e le p U ...1 0 0 105
U N orth w estern T e le g . 50 110
P a cific & A t la n t ic ........25
72
^ S ou th ern <fc A tla n tic 25
96

A sk.
SO
120

115
60
112
115
80
100

F e r r y C om p anies
B ro o k ly n F erry stocklO O
1 *2
102
B & N Y 1st 6 s 1 9 1 1 .J-J i 96
60
N Y & E R F e r r y stk .1 0 0
70
75
1st 5s 1 9 2 2 ............. M -N
103
N Y & H o b c o n 5s ’ 40. J - D 4100
105
H o b F y 1st 5s 1946 M -N 4 102
105
N Y & N J 2d 5s 1 9 4 6 . J J 4101
30
40
10th & 23d Sts F e r r y 100,
1st m o rt 5s 1 9 1 9 ...J - D 4 70
85
1|Uniou F e rry s to c k .1 0 0
20
28
111st 5s 1920 ........... M -N
90
85
S h o r t T e r m N o te s
A m C l o s e r A 4 s ’ 1 1 .M -S 4 9 0 4 914
S er B 4s M c l i l 5 ’ 12.M -S 4 89
90 6*.
A m T e l & T el g 5s ’ 10 J -J 4 9 6 7( 97
A t la n C oast L Os ’ 10 -M -s \
97 4
H u ffR och & P g4 4 s ’09F-A|| 9 7 4 98 ^
C ent C ro ss’ n g a 5 s ’09M-Nl| 9 7 ’ ,, 9 9 ‘,
C h ic & A l t 5s 1 9 1 2 ... J - J 4 9 7 4 98 *»,
Cli R X & P a c 4 s*s’ 07.J- J
9 9 7i 1 0 0 4
4 4 s l 9 0 * .................. A -0
9^4 99 4
Clue ifc W In d 5 s ’ 10F<fcA
98 V 9 9 \
C in H a m & D 4 S iS ’ 0 8 .M -S
69
75
O C O & S t L 5s, J u n e ’ 11
97 4 <dl\
E r ie 6 s, A p r 8 1 9 0 8 .........
9 4 3g 95
I n t e r b R T g 4s 1908 M-N
97»4 98 4
5s M ch 1 9 1 0 ............. M-S j 9 6 \ » 6 «g
K a n C S o g 5 s A p r ’ 12 J - J » 93 H. 94 Si
L a c k S t e e ig 5 s ; 9 0 9 . . M-S 4 96=V 97
5s g 1910.................... M-S 4 94 Si 95*4
L a ke S h & M S o 5 s ’ i o F - A 1 9 8 4 98«b
L o u & N a sh g os ’ i0 .M -S 2 98* b 98 7«
M ic h C eu t 5s 1910 . . . F -A
97 4 98
M in n & S t L g 5 s ’ l l . . F -A { 97
98
------.vlo
P a c -5s F e b 10 ’ 08. F -A 4 i)9i
9 9 =8
N a t o f M ex 5 s ’ 0 7 .o p t A -0 ;4 9 9 7g 100 4
N Y C e n t 5s 19 1 0 ___ F -A 5 9S3s 9 8 &p
P e n n Co g u 4 s.3 1907M -N 4 99 7, 100 4
f a R R 5s M ar i5 ’ 10.M -S4 98*8 98 Si
■St L M S o 'e a st 4 >v8’ 09 J -D
96
96**
S t L & S F g 4 -v’ 0 8 . .. J-D
96
96\
S ou*h’ n co lla r os '0 9 . A -0
Util? 97 °a
S ou th R y g 5s 191 0.. F-A
93
93
T id e w a te r C on Co 6 s l9 0 9
99
9 9 3o
U S R u b b e r g 5s '0 8 . - M S
99
99%
W abash os. M ay 10 1909
96
97
W estinglx E1& AI 58.1907
9 9 7i
W h e o l’ g tfc L E 5s ’08 -F -A 4 96*8 97 vi

R a il r o a d
Ch io P e o & St L p re f. 100
D
e
p
o
s
ite
d s t o c k .............
1 Si
410 0
i 02
U n d ep osited s t o c k ........
2
4115
90
P
r
io
r
lie
n
g 4 ‘as’ oO M & s
100
.........
4100
60
Con m tg g 5s 1 9 3 0 . J& J
66
h icago list
5
In co m e 5s 193 0...............
10
4101
102*4 Clue
24
S u b w a y .................100
26
4100 102
95
105
F t W ifc D en C y r td .,1 0 0
97
101
G reat N o rth e n O re See Stk E X list
90
2 9 \ 30
95
N Y N H & H artford—
300 350
68*3 68 \
Con deb 3 4 s 1956. J & J 4 9 8 4 99 S,
9a
E x c h list
105
90
N o rth ’ ll S e c u r itie s Stu bs
100
340 390
E x ch list
P itts B ess & L E ......... 50 f 31
34
65
76
36 Si 3S \
t
70
P
r
e
fe
r
r
e
d
.....................
5
i
74
4 100 103
76 Si 78
UR a ilro a d S e c u r itie s Co.
68
73
81
81»«
80
90
X ll.C .s tk .tr.cfs .s e r.A ’ 5!
ch a ’ ge list
30
35
Seab oard A ir L in e —
k E x c list
. . . . . . 80
95
Coll 5s e x t .May ’ l i .M -S
98
80
90
S eab oard C o ___ See Balt E x ch lis t
G
a
s
S
e
c
u
r
it
ie
s
140
160
I n d u s t r ia l a n d JH iscel
XKW YOBK
150
170
4100
100
102
C en t U n G as 5s g ’ 27.J& J 4 95
A lim e e k M in in g .......... 2{
80
90
4105 Si 107
C on G as (N Y )........ See St k E x c h lis t A llia n c e R e a lt y ..........100 115
125
140
160
185
IIM utual G a s ___ ' ___ 100 170
A llis C h alm ers Co 1st m
4100
104
N e w A m sterd am G as—
s f 5s ’ 36 o p t ’ 1 6 .. J - J } 69
72
4100 103
94
1st co n so l 5s 1 9 4 8 ..J-J 4 92
A m e r ic a n B o o k ..........100 150
160
Excl: l i s t . NY<fc E R G a s 1st 5s’ 44J-J 4100
L06
A m e rica n B r a s s ......... l o o
115
120
101
4 95
100 '
C o n so l 5 s 1 9 4 5 ......... J-J 4 97
II A m e r ic a n Can Sec S toc k Ex list
i 95
100
33
36
N Y & R ic h m o n d Gas. 100
A m e rica n C h icle C o ..1 0 0 175
183
4100
103
100
N o r U n 1st 5s 1 9 2 7 .M -N i 95
P r e f e r r e d ...................100
97
100
315 360
80
. . . . . . A m G ra p liop h o c o m ..1 0 0
UStandard G as co m ..1 0 0
43
4100
106
11P r e fe r re d ............... 100 100
P r e f e r r e d ...... ..........100
80
82*
103
4 97
106
1st 5s 19 3 0 ............. M -N $100
A m e r H a r d w a re ......... 100 115
120
OTHKR CITIES
A m M a l t i n g 6 s 1 9 1 4 .J -D
96
98
4 98
A m e r L ig h t <fe T r a c t . 100 101 102 Si A m e r P re s s A s s o c ’ n .1 0 0
95
100
4103
90
93
P r e fe r r e d ...................100
1
A m Soda F o u n c o m .. 100
99
Bay S tate G a s ............... 50
*8 1 st p r e fe rr e d ............. 100
" io *
195 •202
99
B in gh a m to n G as 5s 1938 4 94
2d p r e fe rr e d ............. 100
5
list
B ro o k ly n U n io n G as deb
A m St F o u n d 6s ’ 35 A & O { . . . .
93
99
6s 1909 c o n v ’ 0 7 . . . M -S 105 120 A m e rica n s u r e t y ......... 50 185 195
90
8
6*9
B uffalo CTty Gas stocklO O
A m e rica n T h rea d p r e f .. 5 f 4 4
6
E x ch list
1st 5s 1947 See S to c k E x c h list
A in T o b a c (n e w ) c o m lo O 320 335
E x cli list
92
C on G as o f N J 5s ’36 J-J 4 89
38
A m T y p e fo ’ rs c o m .. . 100
42
100
DConey Is. &Bklyn ..100
150
C on su m ers’ L H & P o w —
P r e f e r r e d ...................100
98 101
88
92
1st c o n s g 48 1 9 4 8 .-J-J
. . . . . . A m e r W r it in g P a p e r . 100
5s 19 3 8 ........................ J-D 4102
2
l s«
.
B r k C & N 5s 1 9 3 9 .J-J 104
P r e f e r r e d ...................100
E liza b e th G as L t C o ..1 0 0 275
20
214
G r*pt <fcLorimer St 1st 6s 104
120
E sse x & H u d so n G as 100 117
1 st sf g 5s ’ 19 op ’ 0 9 . J - J
82
83
K in g s C..E1—4 s See S tock Exoh list
40
46
F o rtW ’ a y n e 6s 1 9 2 5 ..J-J
U Barney & Sm Car . .. 1 0 0
68
65
N assau E le c p r e f
100
75
54
57
Oas<& E l B e r g e n C o .. 100
HP r e fe r r e d .................100
140
6 s 1 9 4 4 ...................... A -0 104 ......... 11G r fla p G i s t 5 s ’ 15 F -A 4 96
98 Si UB etlil’ m S teel C orp .1 0 0
10 >* 11
1 st 4 s 1 9 5 1 ............See St k E xc h Us I Hudson Co Gas.......... 100 106 108
U P r e fe r r e d ..............1 0 0
35
60
99
N W b ’ g < f c F l a t l s t e x 4 las
1ndiana N a t & 111 G as—
B liss C om pa ny c o m ___ 50 135
U5
S te in w a y 1st 6 s 1922.J-J {1 0 5
110
15
20
1 st 6s 1 9 0 8 ............. M -N
P r e f e r r e d .....................50
130
140
OTHKR CIT1KS
50
58
In d ia n a p o lis G a s ..........50
B o n d & M t g G u a r___ 100 325
340
B u ffalo S treet R y —
99
1st g 5s 195 2........... A -0 4 95
B o rd e n ’s C o n d M ilk .. 100 163
168
1 s t co n s o l 6 s 1 9 3 1 ..F -A 4105
107 *a J a c k s o n G as 5s g ’ 3 7 .A-O 4 97
99
P r e f e r r e d ...................100 105
109
4104
D e b 6s 1 91 7 ............. A.O
50
K ansas C ity G a s ..........100
B ritish Col C o p p e r ......... 5
9
834
C h ica g o C ity R y
See C hi&ago list
K-Li^lede G a s ...............100 . . . . . . 94 ' B u tte C o a litio n M in .. 15
2 5 4 25 3,
C olu m b u s (O ) S t R y . . l 0 0 ......... 100
90
UPreferred..............100
2
C a sein Co o f A m com .. 100
3
. . . . . Laiay’eGaslst 6s’24.M-N
P r e f e r r e d ................... 100 107
48 Hi 5 6 ”
P r e f e r r e d ...................100
65
75
C olu m R y eon 6 s See Ph tla list
24
32
L o g A W a b V l s t 6 s ’ 26.J-D
C a su alty C o o f A m e r . 100 125
140
105
C ros st’ w n 1 s t 5s ’ 33. J-D }100
108
M adison G as 6 s 1 9 2 6 .A -0 4103
C ellu loid C o ...................100 128 135
G ra n d R a p id s R y . . „ 1 0 0 . . . . . . 63
C e n t F ir e w o r k s c o m . 100
Newark Gas 6s 1944.Q-J 4129 180
10 15
P r e f e r r e d ................... 100 . . . . . . 85
89
91
N e w a rk C on sol G a s .. 100
P r e fe r re d .................... 100
65
75
I * k e S t (C h ic) E l
See C hicago list
TlCon g 5s 1 94 8........J-D 105 106
C en tral F o u n d r y ........100
3
V L ou isv S t 5s 1 9 3 0 ..J<&J 4104s* 105
N o H udson L H & P o w —
P r e f e r r e d ...................100
14
15
L y n n A B o s 1st 6 s ’ 2 4 .J-D 4102
103
{102
os 1938 .................... A -0
D e b 6 s 1919 op ’ 01 M-N
68 71
TINew Orl Rys & Lgt. 100
21
21S- 1 0 4 I n d C N a t * X U .100
C e n tu ry R e a lt y ..........100 1&5 195
IjPref erred..............-loo
68*8 69
1st 6s 1 9 2 6 ............... J -D * 22 *" S o " C h eseb rou g h M fg Co 100 400 425
'3 6
See Stk E x lis t Pat A Pas Gas & EleolOO
65
70
C ity I n v e s t in g C o ___ 100
87 Si 92H2
N o r t h C h ic S tr e e t See C h icago lis t
UClaflin (H B ) c o m ___ 100 loo
U C on g 5s 1 9 4 9 .. .. M -S 4 98 100
P u b S erv C orp o f N JiOO
97
94
85
St Joseph Gas 5s 1937.J -J 4 80
90
IJlst p r e le r r e d ......... 100
T r c tfs 2% to 696 perpot
65
66
1! 2d p r e fe rr e d ........... 100 93
C oll 5s g n otes ’ 09 M -N i 92
E le ctric C om p anies
94
76
C ol & H o c k C o a l* X p f 100
74
N o r t h J e rsey S t R y 100
40
50
Chicago Edison Co See C h icago list
1st g 5s 1 9 1 7 ..........J -J
82
1st 4rs 1948........ M-N } 67
70
UK in g s C o E l L & P C o 100 117 122
C ol tr 6 s O ct 1 9 5 6 ..J -J
97
lOlHi
Cons Trac of N J . . . 100
71
73
Narragan (Pro\ , El Co 5U *392 Hi 95
45
C on solid Car H e a tin g 100
40
1st 6 s 1 9 3 3 ........... J-D 4102 S( 103 Si N Y <fc Q El L&PowColOO
40
60
4
3
C on » R y 1. t g & R e fr i g .l o o
N e w ’ k P as R y 6 s ’ 30J-J 4105
107
P r e f e r r e d ................... 100
50
75
4
6
C on sol R u b b e r T i r e . .1 0 0
R a p id T ran S t R y .,1 0 0 235
UnitedElectrio of N J 100
40
20 25
70
P r e f e r r e d ...................100
1st 6s 1921.......... A-O }1 0 6
4a 1 9 4 9 .................... J-D t 66
68
D e b e n tu re 4s 1951 A<fcO
33
37
( B a y e r p ays aeor’ d int. t P rio e p er sh. »S*1* price.




In H iislrin ! a n il M in o ci
A lt
Bi *
>s
11
C on s S tor a
B a tte ry 10<
C orn P ro d R ef See S tock E x ch list
C ram p s’ Sh <fe Kn B ld g io o
"*7*. ' 8 *
liC ru cib lc S te e l...........1 0 0
66 S< 67 4
^ P r e fe r r e d ................ 100
IlD iam ond M a tch C o. 100 126
U34
D om in ion C op per (n e w ) 10
•W
10
D ou gla s C o p p e r ............. 5
10 4
32
37
E le c tr ic B o a t............... 100
8
.-!
87
P r e f e r r e d ...................100
2
8
E le c tr ic V e h ic le ..........100
4
12
P r e f e r r e d ...................100
9
12
E m pire S te e l............... 100
68
P r e f e r r e d ...................100
66
60
HF ed era l S u g a r .c o m .. 100
80
90
^ P r e fe r r e d .................100
60
74
^ G en eral C liem ical ..1 0 0
95
98
II P r e fe r re d .................100
2S 24
G old H ill C o p p e r .......... 1 t
G reen e C a n a n e a ........... 20 t 16 Si 16*4
25
G re e n e Con C o p p e r ...1 0 t 20
14
G re e n e C on sol G o ld ... 10 t
1°8
1% 14
G re e n e G o ld -S ilv e r .... 10 t
G u g tre n h e im E x p lo ’n.100 2 1 V 220
H a c k e n s a c k W ater C o —
93
R e f g 4s 52 o p 1 2 . . . J-J
7 ,.
65
H a ll S ig n a l C o ........... 100
11
•2 4
H avan a T o b a c c o C o ..1 0 0
16
1s
P r e fe r r e d ................... 100.
55
66
1st g 5s J u n e 1 ’ 2 2 . J-D
H e ck e r-J o n e s -J e w ’ t M ill
102 105
1 s t Ga 1 9 2 2 ...............M -S
40
45
H e r ’ g -H a ll-M a r.u e v r.1 0 0
H o b o k e n Land & Im plOO 20 il
U*3*
T5s 1 9 1 0 ...................M -N ilOO
7
8
H o u s to n O i l .................100
33
10
P r e f e r r e d ................... 100
120
135
H u dson R e a lty ........... 100
48
T ln g e r s o ll-R a n d c o m . 100
.........
85
II P r e f e r r e d ............... ,10t
i3o
I n te r n a t’ 1B a n k in g C o l 00 125
f f l n t ’ n ’l M er M ar See S tk Exch list
HO
120
I n te rn a t’l N i c k e l ___ l o o
83'
87
P r e f e r r e d ...................lOu
15
17
In tern a tion a l S a lt___ 100
58
63
1st g 5s, 10 5 1 ......... A -O
6
8
In te r n a tio n a l S ilv e r . 100
665
P r e f e r r e d ...................100
108
1st Os 1 0 4 8 .................J-D 107
51
53
L a ck a w a n n a S t e e l . . . l o o
ba n ston M o n o ty p e ....... 20 + 12 4 1 3 4
198
L a w ye rs M o rt C o ........100 195
52
7V
IjLeh & W ilk e s b C o a l.50
125
130
L ord <fe T a y l o r . ........... 100
98
102
P r e f e r r e d ...................100
125
135
U Lorillard (P ) pref ...1 0 1
M a c k iy C om pa n ies See S lk li x lis t
15
^2 4
M adison So G a r d e n ..1 0 0
75
80
2d Os 1 0 1 9 ............... M -N
3
6
lIM anliatt B e a ch C o . 100
d\
M a n h a ttan T r a n s it___ 20 t
S’s
13
17
M e x N at C o n s tr u e .p f 100
2 7,
M itch e ll M in in g ........... 10 t 2 \
1
7
8
M on on g aliela 11 C o a l..50
P r e f e r r e d .....................50 t ......... 28
90
95
M o r tg a g e B o n d C o . . .1 0 0
98
105
N at B a n k o f C u b a ___ 100
170
N a tio n a l S u r e t y ......... 1 0 U 155
N e va d a C o n s’ d Cox»per.5 t 13
134
O't
N e v -U ta li M in .it jsm .lt f
5%
30
40
1|New C en tral C o a l ___ 20
N J T e r D ock * I m p . 100
.........
N V B is c u it Os 1 9 1 1 .M -S ib*u4
196**
N Y M t g e * S e c u r it y .100 185
21
35
1iNow Y o r k D o c k ___ 10(
70
75
I jP r e f e r r e d ............... l o t
4
N Y T r a n sp o rta tio n ...2 < 1 3
UO
N ile s -B e m -P o n d c o m . IOC 100
N ip is s in g M i n e s ........
5 1 1 1 4 1 1 34
4 Si
6
IjO n tan o S i l v e r ......... 10(
35
40
O tis E le v a to r c o m ___ I0 (
87
92
P r e f e r r e d ...................100
P h o e n ix S e c u r itie s ...........
V itts b u rg B r e w in g ___ 50 ( ' 2 7 4 * 2 S“
P r e f e r r e d ............. .
50 t. 48
■48 4
P itts b u r g Coal See Stock Excli list
i Si
2
P o p e M a n u fa ctu n n g .lO O
40
50
1st p r e f e r r e d ............100
9
2d p r e fe r r e d ........... 100
11
98
102
P ra tt & W h im p r e f . .1 0 0
P u b lic S e r v C orp o f V a —
l s t m g 5s J m y 1936 o p t
150
R e a lty A s s o c (B k ly n )lo O 143
R oy al B a k P o w d p r e f. 100 101
;01
S afety Car H e a t * L t 100 260 270
00 76
S e n e ca M in in g .......... 25
470
S in g e r M t« C o ............. 100 450
S tand ard C o r d a g e ___ 100
24
34
30
1st M .g .S s .’ Mi r e d .. A .O
38
74
A d ju s t. M. 5 s. A p r 1,1931
84
45
Standard C o u p le r comlOO
55
115
P r e f e r r e d ...................100
125
6
S tandard M illin g C o . 100
8
37
P r e f e r r e d ..................100
32
75
1st 5s 1930 ............. M -N
78
S tand ard Oil o f N J . .100 003 506
S w ift & C o See B o s to n St k E x c k’ge
1 s t 5s 1 9 1 0 -1 9 1 4 ...J - J i 100
1014
7 k)
85
1JTexas& P a cific Coal 100
l e t Os 19 0 8............... A-O 4104
T itle I n s C o o f N Y ..1 0 0 150
160**
T on ap ali M m (N e v a d a ).1 t 144 14»«
13
17
T r e n to n P o tte rie s comlOO
84
90
P r e fe r re d n e w ___ 100
36
45
T r o w D ir e c to r}-........... 100
U nion C o p p e r .................10 \ 1 4
I 8*
82
85
U n ion T y p e w r com ..iO O
1st p r e fe rr e d ............. l'OO ' 115
118
115
2d p r e fe rr e d ............. 100
118
U n ited B k N o te C o r p ..50 t 55
60
»0
P r e fe r re d ................. 50
614
85
ITU n ite d O ig a rM fg. ,pf. 100
90
63
U n ited C o p p e r............. 100
63 4
83
P r e f e r r e d .................. 100
90
U . S. C a s u a lty .............100 220 240
30
LT S E n v e lo p e c o m ...1 0 0
40
^ P r e fe r r e d .................100
97 4 100
U S S teel C o rp o ra tio n —
C o lt r s f 5s ’ 51 o p t ’ 11 .. 4109
111
C o l t r s f 5s ’ 51 n o t o p t .. 4109
111
U S T it G u & I u d e m .1 0 0 ......... 100
Ii U tah C op p er Co. See S tk E x list
39
41
W a te r b u r y C o, c o m ..1 0 0
98
P r e t e r r e d .................. 100
100
W e s t c h e s te r & B r o n x
T it le & M o r t G u a r . 100 1 6 7 4 1724
30
W e s t e r n I c e .................100
314
W e stin g h A ir B r a k e ..50 148
160
S tk E x lis t
’ [W e s t E l & M fg — 5s See
4
W h ite K n o b M in ,........10
“8
2
P r e fe r re d ...................... 10
5
W o r th in g P u iup p r e f. 100 110 115

a K x -rl^ h U . z E x -d iv . 4 N o w s tock . *|SolU o a S ^ k i£xclu, b a t not a v e ry n o u r o »© ourity.

00
Or

T e le s r

Volume ot Business at Stock Exoaaages
W eek en d in g
J u n e 28
iy o ?

J 543

THE CHRONICLE

J u n e 29 1907. |

»,

BOSTON STOGK EXOHiNG-E— Stock Uecord, Daily, Weekly and Yearly
Share Prices—Not Per Centura Prices
Saturday
June 23

M on d a y
J u n e 24

T u esd a y
J u n e 25

W ed n esd ay
J u n e 26

T h u rsd a y
J u n e 27

F r id a y
Ju n e 28

STOCHLS
B O STO N STOCK
EXCHANGE

Sales
o j the
W eek
Shares

M ange to r Y ea r
1907
Low est

H ig h est

R an ge fo r P r e v io u s
Y ear (1 9 0 6 )
Low est

H ig h es t

R a ilr o a d s
904
9 0 4 A tc h T ot) & Santa FelQO
380 8 3 5s M a r l4 107*2 Jan 7 8 6 V J ’ly HOHaSep
904 904
894 904
88
88
8 7 4 87®*, * S 9 4 8 9 4
5 9134 ,T’n e l 4 1013a J an 8 *97 7s Dec- 105 *« J an
£>o p r e f............... i o o
92 4 92 4 •934
94*4
93
93
* 9 2 4 9 3 4 *9 2 4 9 3 4
*»2*4 9 3 4
B o sto n & A l b a n y ... 100
193 214 >4 J ’ne27 240 F e b 7 239 Dee 2 5 7 14 F e b
215
215
*213 215
2 1 4 4 215
215 215
215 215
215 215
100
B
oston
E
le
v
a
t
e
d
...
.
134 M ay 9 152 J « n 2 147 A n s 160 J a u
106
134
134
•........
1H4
•133
134
♦133
134
•133 134
•133 134
B o s to n & L ow ell____ 100
43 200 J ’n e l9 •231 •Ton r, 230 D ec 246H2 A p r
*210 215
*203 ......... 205 212
•201
*200
37 152 M a r l 4 170 M ay > 100 D ec 180H iA pr
•
160 160
160 160
i.604 1*604 B o sto n <fc M a in e ___ i o o
i ’s‘6*' * ......... 160
16(3'' #
164 O ct 175H jM ay
*
D o p r e f............... 100
l b 158 M ay 4 165 Jan
• ...........
162
*......... 162
162 162
* ......... 160
160
L a s t S a i s 2.94 4 J ’n e ’07 B oston & ProvK ieneelO O . . . . . . z294 Hi J ’ ne21 301 >'el)25 299HsDec 3 1 1 H2A p r
* ......... 300
* .........297
300
300*
12 M ar 9 15 Feb 1 1> 13 Nov 27^8 F e b
J ’ n e’ 07 B o s t S u b u tD an E l C o s. ..
L a s t S a l e 12
* .............
12
12
* .......
12
12 *
. 52 u J ’ n e lS 65 Jan 1.
63 Jan 75 F e b
Do p r e t............... . . . .
J ’n e ’ 07
L a s t S a l t 52 4
•50
55
•50
55
*50 ** 55
*6 0 "‘ 55
C50 23 M a r l 3 28*4 Jan 2 25 Jan 39 HaA p r
24
24
234
2 3 4 B o sto n <ftW o r K lee C o s ..
24
24
2 4 4 •23
23 4 23 4
24
24
72 Hi Jan 90 A p r
Jan
23
4
D
o
p
r
e
f
...............
70
A
p
r
22
80
*
*
.........
70
*
.
.
.
.
70
*
.........
70
*
70
73
72
73
i 45 A p r 18 160 J a n 17 156 O ct 182 J a n
J ’n e ’ o7 n h ip.Jnne RT/feTT S V 100
L a s t S a l e 146
110 A u r 8 120 Jan 2 117Hi J ’ ly 127 Jan
100
D o p r e f.........
M ay’ 07
L a s t H a le 11J
184*4 A p r 25 188 F eb 13 18734 N o v 190 M a r
L a s t S a l e 1 3 4 4 A p r ’ 07 Con A M o n t C lass 4 . 100
156 M a r li 156 M a r ll 153 Oct 163 A p r
L a s t S a i f 156
M a r’ 07 C onn & P a ss B 1t p r e f 100
•>60 M ar 2 8 280 Jan 8 2^5 Oct •298 A p r
L a s t S a l e 260
A p r ’07 C o n n e c tic u t R i v e r .. 100
100
44
120 J ’ n e lS 135 J an 9 132 Oct 145 Jan
•
F
itc
h
b
u
r
g
p
r
e
t..........
120
120
120 120
120 120 * .............. 120
120
75 675 J ’ne 1 114 M ar 2 2 95 j a n 107 A p r
83
83
• si* ' "si" Ga R y <fc E l e c t r ic ... i o o
79
‘ 79 ......... •79 . ...
79
* 7 7 " 79
82 M ay 2 9 88 M ar 7 S9 Dec 95 Jan
.
.
.
.
.
.
10<
>
D
o
p
r
e
f
...............
L
a
s
1
S
a
l
e
82
M
ay’
07
•80
85
85
*80
85
85
*80
-8 0
2 193 J ’ne25 198 Jan 11 197 M ar -200 D eo
...___ . . . . . . . . . . . . ___ _
M ain e C e n tra l........... 100
193 193
156 14H iM ar2‘2 20 H* J a n 9 17 Jan 23 J ’ n *
1 6 4 16 4 * 1 6 * ' * 1 6 ’ * M ass E le c t r ic C o s .... i o o
16
16
1 6 4 16*4
' l ’sia *1*64 **16** *16*’
440 55 M a r . 6 71 H« Jan 9 59Hz Jan 75 J ’ u e
D o p r e f............... 100
58
58
58
58
68
58
56
66
57
66
66
56
193. M ar 9 2534 J a n 2 2i«t, A m
28 “4 D eo
100
Mar’07 M e x ica n C en tral
* 1 9 ^ 2 0 4 *19 Hi 2 0 4 *19 4 20 4 * 1 9 4 2 0 4 L a s t S a i f 19 si
773 15934 J ’n e l 8 190 Ha Jan 2 190 J ’ ly 207 *4 Jan
N Y N H A H a r t ... i o o
162
162
161*4 162
161*4 162
161 181
1 6 0 ^ 1 6 0 ^ 1 60 4 1 61
100
152 M ay23 160 Jan 8 155 Sep 163 F e b
M ay’ 07
L a s t S a l e 152
222 A p r 23 226 F e b 2 228 J ’ ly 2 3 3 Ha M a r
L a s t S a l e 2 ‘4 2
A p r ’ 07 Vnrwir.h .61 W o t nrftfl OO
ICO
10 189 J ’ n e l4 2 0 0 >4 Jan V 193 D ec 210 Jan
♦......... 190
•.........
190
190
• ,
190 •_____ 190
189 189 •
L a s t S a Ie 52
Jan ’ 07 P e re M a r q u e tte ........ lOu . . . . . . 52 J an 16 52 Jan 16 53 Sep 63 Hi O ct
16 40 J ’ ne 6 57 Jan L8 60 Jan 65 O ct
D o p r e f___ ____ 100
•40
50
> 40
40
25 26 J ’n e 5 45 J a n 24 47Hj N ov 64 J a n
......
34
34 R u tla n d p r e f . . . . . . . . lO o
10 85 A p r3 0 94 J an 21 65 Jan 99 O ct
.......... S eattle E le c t r ic ........ 100
*8*5’ * *8*6*’ •8*5*’ II” II •85*’ ......... *85
; *8*5**
'8 5 ”
25 94 J ’ ne20 103 Jan 7 95 Jan 106 FebD o p r e f ............... 100
95
9 4 4 9 4 4 •..........
95
9 4 4 9 4 4 * .......... 95
*95* *
3,256
124 M ar 2 6 182HaJan 7 139 Hi May 195 Sep
100
1
3
6
4
1
3
8
4
U
n
ion
P
a
c
ific
...........
1 37 4 139 4
• l a i l a l S l ^ 1*3*14 132
1384 1354 136 4 137*4
4 83*2 J ’ n e l9 93 J a n 15 91 May 9934 Jan
D o p r e f............... i o o
83 4
834
*83 4 8 4 4 * 8 3 4 84 4 •834 8 4 4 •844 8 5 4 *8 44 8 5 4
L a s t S a l e 170
M ar’07 V e r m o n t * M a s s ... i o o . . . . . . 165 M ar 7 170 J a n 30 170 Sep 178 A p r
217 84 J ’n e l9 95 Jan 25 92 Dec 101 Jan
W e s t E n d S t............. 60
85
85
8 4 4 fc'44
85
84
84 4
84 4 8 4 4 * ......... 8 4 4
*S4
64 99 J ’ ne28 110 M ar 4 107 Sep 116Ha A p r
do
p r e f............... 60
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6 M a r ls 1 1 ^ Feb 27
680
26
.........
74
7*4 V ic t o r ia
6*4
64
•6
74
74
64
7
74
74
64
2 Hr
3 ^ M ar 6 •60 Jan
1 M ay21
100
*1 ......... . . . . . . . . . . . . W a s h in g t o n ............... . 26
1
*1 ........
......
-I
........
1
l»% O e *
14
Jan
23
4
J
’
n
e
4
7
432
.
26
8
8 4 W in o n a ............... —
8
8
7
7
7
74
*7 ........
74
**74
190
D **
J
M
m
A
p
r
16
1S8 F e & U
•8 160
160 W o lv e r in e . . . . . . . . . . . 25
160 160 •156
165 165
155 15..
•162 163 •153 164
2 \ D eo
i \ Jan 22 •70 J ’»y
1 M ay 2 2
26
*14
1*4 W randot,____________ . 26
*1
14
1
•1
♦I
14
1
14
14
1*8

_

..........

f Bef<wepay’tofasse8*’t8caUedml907.




*Bidaudasked prices.

.....

gNewatock. f A s i’tpaid. tKx-righc*.

a Er-div. <* righse. b Ex stook dividend.

1545

Boston Bond Record.

J une 29 1907.]
BON t »
B O S T O N ST O C K E X C H ’ G E
W k s k Eaxrraa J u ne 28
A m Bell T ele p h o n e 4#___ 1908
A m T e le p A T d l c o ll tr 4a. 1929
A m W r it P a per 1st s 15s g 1919
A tc h & N e b ra sk a 1st 7 b . . 1908
A t e n T o p * S F e g e n g 4 s . . 1996
A d ju s tm e n t g 4 s ___ J ’ ly 1995
•Stam ped................ J ’ ly 1995
B oston E le c t L ig lit 1st 6 8.1908
C on sol 5 s ............................1924
B oston A L o w e ll 4 s ........... 1916
B oston cfe M aine 4 % s......... 1944
B oston T erm in a l 1st 3 % s. 1947
Bur * M o E ly e x 6 s ........... 1918
N ort-exem pt 6 s .................1918
S in k in g fu n d 48............... 1910
B u tte <fc B oston 1st 6 s ___ 1917
Cedar R ap A M o R 1st 7 s. 1916
2d 7 s .....................................1909
Cent V erm t 1st g 4 s ..M a y l 9 2 0
0 B A Q Io w a D ry 1st 5s. 1919
Io w a D ry 1st 4 s ............... 1919
D eben tu re 5 s .................... 1913
D en yer E x te n 4 s ............. 192*2
N ebraska E x te n 4 s ........1927
B A S W s t 4 s ...................1921
Illin o is D ry 3 % s ............... 1949
J o in t bonds See ( i t N o rth e r n
Ohio J o R y cfc StK Y d s 5s .1915
C oll tr u s t r e fu n d in g g 481940
Oil M il A S t P D u b D 6 s ..l 9 2 0
Oh M A S t P W is V d iv 6 s l9 2 0
O hic at N o M ien 1st g u 5 s .l9 3 x
C h ic A W M id i gen 5 s . . ..1 9 2 1
C on cord A M on t co n s 4 S ..1 9 2 0
C onn A P a ss R 1st g 4 s . ..1 9 4 3
C u rren t R iv e r 1st 6 s ..........1927
D e t G r R a p A W 1st 4 s . . . 1946
D om in ion Coal 1st s f 5 s .. 1940
F itc h b u r g 6 s ........................ 190s
4 s .......................................... 1915
4 s .......................................... 1927
F rem t E lk A M e V 1st 6 s .. 1933
U n stam ped 1st 6 s........... 1933
G t Noi- C B A Q ooll tr 4s 1921
R e g is t e r e d 4 s .................... 1921

P rice
F r id a v
J u n e 28

R ange
Since
Jan uary 1

W eek's
R an ge or
L a st Bale

B id
A s k Low
H ig h
98
98% 98% 98
79*0
£0
7 9 7s Sale
IT,-2 J ’ n e’ 07
104 M ax'06
96%
9 7 i , 96%
97
N ot
86
88 fl87% M ay’ 07
85
88
M-N
~ >%
85%
S
M-S
110 F e b ’ 04
J -J
101 Sep ’ 06
J -J
114 M ar’ 06
F-A
112% J a n ’ 08
106 % A p r ’ 07
106
J -J
102 S e p ’05
J -J
J -J
98
99% O ct ’ 06
100 J ’ n e’ 01
A -0
M-N
123 >4 N o v ’ 06
J-D
111 % J ’ly ’05
83
84
84
84
Q -F
109 M ay’ 05
A-O
A-O
99%
99*4
M -N
1100%May’ 97
97% Sale
F-A
97%
97%
M-N
102% J ’ n e’ 06
M -S
97*3 M ay’ 07
J -J
90>s M ay’07

Imv ) H ig h
96% 98%
79
90%
1182 1J83

I llin o is Steel d eben 5s ___ 1910
N o n -c o n v e rt deben 5 s . ..1 9 1 3
l a F alls cfe S io u x C is t 7 s .. 1917
K a n G C l i n * Spr 1st 5 s . .. 192
96% 11018* Kan C F t S A G u lf 1st 7 s .. 1908
K an 0 F t S co tt * M 6 s . . . . 1928
1187 % 92
85% 913-1 K an C M A B « » n 4 s ........... 1934
A s s e n te d in co m e 5 s ........1934
K an C cfe M R y A B r 1st 6 s l9 2 9
M ain e Cemt con s 1st 7 s . . .19 1 2
C on s 1st 4 s ........................ 1912
M ara H o u g h & O ut 1 st 6s. 1925
106% 107% M e x ica n C en tral co n s 4 s . .1911
1st co n s i n c 3 s ........... Jan 1939
2d co n s m e 3 s ........... Jan 1939
M ich T e le p ls t 5 s .................1917
M in n e G en K lee c o n g 5s 1929
N e w E n g Cot Yarn 5 s . . ..1 9 2 0
N e w E n g T e le p h 6 s ______ 1908
5 s .......................................... 1915
5s............................................1916
98% 100%
1100 % 1100% N e w E n g la n d c o n s g 5 s ...1 9 4 5
B o sto n T e rm 1st 4 s ........1939
97% 99%
N Y N H cfe H co n deb 3 % s l9 o «
97% "9 7 % Old C o lo n y gold 4 s ............. 1924
90% 91% O re g R y dfc N a v c o n g 4 s . .1 9 4 6
O reg Sh L in e 1st g 6 s........1922
100 102% R e p u b V a lle y 1st s f 6s. ..1 9 1 9
R u tlan d 1st co n g e n 4 % s .l9 4 1
94% 96
R u tland-C anadian 1st 4 s l9 4 9
S av annah E le c 1 st c o n s 5s. 19 5 2
Seattle E le c l e t g 5 s ......... 1930
97% 100
T e r r e H a u te E le c g o s ___ 1929
100 % 102
T o r r in g to n 1st g 5 s ........... 1918
99
99
U n io n P a c R R A l g r g 4 s . l 9 4 7
1st lie n co n v 4 « .................1911
U n ited F r u it c o n y g e n 6 s . 1911
89
90
U S Steel C orp 10-60 yr 5s . 1963
100 100
W est E n d S tre e t R y 4 s ___ 1916
98
98
G old 4 % s ..............................1914
G o la d e b e n tu re 4 s ........... 1916
100 100
G old 4 s ................................. 1917
W e s te rn T e le p h cfe T e l 5s. 1932
88% 97% W is c o n s in C en t 1st ge n 4 s l9 4 9
W is c o n s in V a lle y 1st 7 s . .19 0 9
90% 96

J -J
J -J
J -J
M-S
A -O

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

BONOS*
BO STON STOCK E X C H ’GE
W e e k E n d in g J u n k 28

100 J ’n e ’ 07
96 F e b ’ 0 7
122 A p r ’ 06
126 F e b ’05
97% A p r ’07
100 4 J ’ ne’ 07
99 M a r’07
112% Jan ’ 03
104 N o v ’ 06
89 M a r’07
100 J a n ’07
98 A p r ’07
103% A p i ’ 06
100 M ay’07
134% N o v ’ 06
140 A p r ’ 05
92% Sale
92% 1194%
92 * 4 ......... 90% J’n e ’ 07

N otk — B u y er pays a ccru e d in te re s t in a d d itio n to th e p u rch ase p rice tor a ll B o sto n B on ds.

P rice
F r id a y
Ju n e 2 8
J -J
A-O
AO
A-O
J-D
M -N
M -S
M -S
A-O
A-O
A-O
A -0
J -J
J ’ly

W eek’ s
R ange or
Last Kale

R an ge
Since
Jan u ary 1

A s k Low
H ig h
100% O ct ’ 06
99 % M ay'07
,22 *4 N o v ’ 06
98 M ay’07
102% N o v ’ 06
115
115
94% D e c ’ 06
92
92 M ar’ 07
99 M ay’ 07
113% N o v ’ 06
101% Sep ’ 05
118 M n j’ 04
7 8 4 J ’ n e ’ 07
26 % O ct ’ 06
17% A u g ’ 05

L ow H ig h

88

"99*4

113
94

53
-

102% A u g ’ 04
96
96
100 M a r’ 07
100% Jan ’07

j j

F-A
A -0
A-O
A -0
J -J
A -0
J -J
F-A
J-D
F-A
J -J
J -J
J -J
J -J
F-A
J -J
M -8
J -J
M -N
M-S
M-N
F -A
M-S
M-N
F-A
J -J
J -J
J -J

95

97

98

Sale

100%

9 8 " *98%
114** i*2*0*’
92
99

92
101

78%

85%

96 100 %
99% 100
100% 1 00 %

13

98

9.3
98
101% Sep ’ 06

106%

11102% Jan ’ 05

7121% M ar’ 06
102 M ay’07
107% N o v ’ 05
102 M ax’ 02
98% M ay’ 06
101%102 101% J ’ n e ’07
97 A p r ’ 07
99% N o v ’ 06
11101% M ay’07
M50% A p r ’ 06
108 110
112% A p r ’07
1195% M ay’ 07
*96*" *9*8* 100% Jan ’ 07
101% A p r ’ 07
96
98 102% Jan 06
99 % M ay’ 07
96
98
......... 91% 91 J ’ n e ’07
1194% Sep ’ 05
109% A u g ’ 05

* N o p r ice F r id a y ; latest bid and asked.

101 % 106
97
97

100%U102
107
94

112%
U99%

100 % 100 %

101% ioa

‘ 99% 1*0*6%
91
99

II F la t price.

Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
sih n re P r i c e s — N ot P e r C e n tu m P r ic e *
S a tu rd a y
J u n e 22

M on d ay
J u n e 24

T u esda y
Ju n e 25

W ednesday
J u n e 26

a c t iv e

T h u rsd a y
J un e 27

lla n g e j o r Y ear
190?

Sales
ot the
W eek
Share*

st o c k s

CFor B on A s a n d In a ctive
Stocks see below )

in d a y
J u n e 28

L ow est

Range tor P rev iou s
y ea r (1 9 0 6 )

H ig h est

H iffhett

Loxoest

B a lt i m o r e
80
90

90

*48%
•36%
*9%
*4

48%
3 /%
9%

*7%
•81
61%

8
82
61%

90

90

11

11

48% 48%
30% 36%
9%
9%
•4
*7%
*81%
61%

8
82
62

11%

11%

11%

11%

90
14
28
14%

100
50
89%
100
16
1(M)
30
11% U n ited R y A E le c t r ic .. 60

48%
38
9%
*4
*19%
8
82
261
*%
607i«
41*4
8% «
24
511% .
•40
*40
68%
*92%
*26

P h ila d e lp h ia
A m erioa n R a ilw a y s ___ 60
C am bria S t e e l ............... 50
E le c t r ic Co o f A m e rica 10
G en A sp h alt tr c tfs . . . 100
D o p re f tr c t f s ___ 100
L ake S u p erior C o r p ... 100
L e n ig h C A N a v tr c tfs 60
L e h ig h V a lle y ................. 60
100
P e n n s y lv a n ia R R ........ 50
P h lla d s lp ’aC o ( P i t u b ) . 60
P h iladelph ia E l e c t n c t 26
P h ila R a p id T r a n s it s .. 60
50
D o 1 s t p r e f...........
60
D© 2 d p i e f ............. 60
U n io n T r a o t o n ............. 60
U n ited G as I m p t .......... 60
W elsb aeh C o ................. 1 (Ml

90
14
28%
15

*48%
37%
9%
*4

48%
37 %
9^4

•48% 48%
38% 38*1)
9%
9%
*4

•48%
37%
9%
*4

48*4
38
9%

*7%
82
63

8
82
62 4

8
K
82
82
62% 63
1
1
6 0 4 6011,8
*41% 42
8% 8% „
23% 24%
51516 62 %
•40
41
*40
41
58% 68%
93
93%

8
81%
63

8 1-.
82
64

60%
59% 599ie
59% 591Bio
60
41
41
42
•40
40
42
8%
8%
8 116 8%
8*16 8 316
24
23 s 23%
23% 2 3 >4
24
4 9 »1849l»18 4Ul3i6 5 0 ^ 5 0 »165 D llfl
*40
41
*40
41
*40
41
41
*40
41
*40
*40
41
68
58% 58%
68
68% 58 >4
92% 93
92% 93
92% 92%

P H I L A D E L P H IA

*88%
•14
•28
•11

80

60% 60%
*41% 42
8*16 « % «
2 3 j4 24
5 2 ',*
*40% 41K,
*40 4 4 1 4
58% 58%
93% 93%

P H IL A D E L P H IA

B id

I n a c t iv e [S tock s
B onds
A lle g h e n y V a l p r e f ___ 50
A1 V a l E e x t 7s 1910 A -0
A m e r ic a n C em en t........50
A l t A L V E le c 4 %s’ 3 3 .F -A
A m e r P ip e M fg ......... 100
A n iR y s c o n y 5 s 1 9 1 1 . J-D
B e ll T e le p h o n e ............. 60
A tl C ltr 1st 5s g ’ 1 9 .M -N
51% 62
C am bria I r o n .................60
B a lls T e r 1st 5s 192 6. J-D
47 >,
C en tral Coal <fc C ok e . 100
B e r g A E B r w 1st 6s’21 J-J
C on sol T r a c of N J .. . 1 0 0
72%
B e th le S teel 6s 1 9 9 8 .Q -F
D iam on d S ta te S t e e l.. 10
C h oc A M e 1 st 5s 1949 J-J
P r e f e r r e d .................... 10
Ch O k A G gen 6 s ’ 19 J-J
E a ston C on E le c tr ic 6.50
C ol S t R y 1st c o n 6s 1932
E leo S tora g e B a tt___ 100
C on T r a c o f N J 1st 6 s .’33
P r e fe r r e d .................. 100
E A A 1st M 5s 1920 M -N
F t W a y n e A W V ........100
E le c A P e o T r stk tr c t fs
G erm a n tow n P a s s ........50
E q II G as-L 1 st g 5s 1928
In d ia n a p olis S t ........... 100
H A B T o p Con
c o n &S
5s ’ 25 A
A-O
-O
In d ia n a u n io n T r ___ 100
In d ia n a p o lis R y 4 s . 1933
21%
In s u r a n c e Co of N A . .1 0
I n t e r sta te 4 s 1943 . .F - A
I n te r Sm P o w A C hem .60 — j
L e h ig h N a v 4% s ’ 14
1 4 .Q -J
J
K e y s to n e T elep h on e ..5 0
R R s 4s g ........1
.1 991144.*
.Q-F
~
P r e f e r r e d .................... 60
G en M 4% s g .1 9 2 4 .Q-F
K e y ston eW a tch C a se .1 0 0
L e h V C 1st 6s g ’ 3 3 . .J -J
L it B r o th e r s .................. 10
L eh V e x t 4s 1st 1 94 8. J-D
L ittle S c h u y lk ill............50
2d 7 s 1 91 0.................M -S
M in eh ill A S ch u y l H ..50I
C on sol 6s 1 9 2 3 ........J -D
2%
N H a v e n I r o n A S t e e l.5
A n n u ity 6 s ...............J-D
N orth ern C e n tra l......... 50
G en c o n s 4s 2 0 0 3 .M -N
N o rth P e n n s y lv a n ia ..50
L e h V T ra n oon 4s ’85J-D
P en n sy lv a n ia S a lt........50
N e w C on G as 5s 1948 J -D
N e w a r k P a ss c o n 5s 1930
P e n n s y lv a n ia S te e l. .1 0 0
P r e f e r r e d ...................100 100 101
N Y P h A N o 1st 4s ’ 39 J-J
Ph ila C o (P itt*) p r e f .. . 50
43
44
In c o m e 4s 1 9 3 9 ...M -N
Ph il G erm an A N o r r is .50 151
N o O h io T r a c co n 5 s ’ 19.J-J
P h ila T r a c t io n ...............50
P e n n g e n 6s r 1 91 0. .V a r
93% s r
B a llw a y* G en era l........10
C on sol 5s r 1 9 1 9 .. .V a r
Susq u eh Iron A S t e e l ..6
P en n A M d S teel c o n 6s.
T id ew a ter S te e l.......... 10
P a A N Y Can 6 s ’ 3 9 .A -O
P r e f e r r e d ___
io
C on 4s 193 9............. A -O
T on op a h M in in g o f N e v l
P e n n S teel 1 st 5s ’ 17 M -N
12% 14
U n ion T r o f I n d ......... l o o
P e o p le ’ s T r t r ce r ts 4s ’43
U n ited N 3 R R A C ..10O
p Co 1st A co l tr 5*’ 49 M -S
U n it T ra o P itts p r e f .. 50
C o n A c o l tr 5s 1951 M -N
W a rw ick Ir o n A S te e l. 1(>
8 4 P h il Klee g o ld tru s t c tfs .
W est J e r s e y A S e a S h .5 o
T r u s t c e r tifs 4 « ...............
W estm orelan d C o a l...5 0
P A E g e n M o * ’ 2 0 . A-O
y i l k e s Q a s A B l e c . . I 00
G en M 4s g 1 9 2 0 .. A A O
• B id and asked p rloes; n o salas on th is day.




1 E x -rig h ts.

48%
38 4
10
6
21
8%
86
62%
1
61%
41%
8%
24
63%„
4L
41
68%
92%
30

A sk

98
98

1174
108
104
108
94
io e
85% **8*6*"
63% 63%

i*10%
n o
i i T * 111
149%
93%
66
66
98*"
105

.......... ..........
99
104%
99%
69

| $7.60paud.

260
945
66
2,438
676

......
380
952
4,118
60
3,620
180
3,613
3,466
56,967

P H I L A D E L P H IA

.........

9*6%
99
68%

6
188

f

....

1,264
6,268

80 M ay29
86 M a r l4
14 J ’ne27
28 J ’ne27
10 % M a r l2

97

J a n 26

15

J ’ ne27

80
97
22
48
13

48%
32%
8%
4
19
6%
78
67

J ’ ne20 51 Jan
M a r l4 47 % Jan
M ar 2 l 11% Jan
M ay I s
a Jan
M ay21 36 J an
M ay20 16 Jan
M ar 14 103 Jan
M a r i4 7 6 % Jan

684
39%
7%
15%
45%
40
39
63
80 4
25

M a r 2 j 70ii16J a n 8 61%
J ’ n e l4 48*41 J a n 4 47
9 Apt 4
6%
M a rl 4
M ar27 $26 % May 6 c l 9 4
M ar25 69 \ Jan 7 56%
.\lay24 45% Jan 14 43%
J ’ ne 5 47 Jan 14 44%
M a r l4 60% Jan 22 5 8 %
M a r l4 9 6 % Jan 6 1181 4
M ay24 30 F eb 18 25

B id

A sk

2 50%
24 30%
14 11
6
25
2 5 31
8 14%
7 100
6 65

O ct
J ’ly
D ec
D ec
D ec

paid.

; $10 paid,

i $35 paid,

i> $25 paid.

19

Jan

B id

B A L T IM O R E

a R e c e ip ts .

J ’n e

Sep 51 Jan
J an 39% N ov
May 12% N o r
N ov 14 Jan
D ec 48 Jan
N ov 23% Jan
D ec 118 Jan
M ay 86 J ’ n®
3 i &ie J a n
J ’ly 73Hie J a n
A p r a 5 4 **M a r
D ec 93ia O ct
D ec {3 4 % Jan
May 83 J a n
A p r 4715ie J a n
May 51 Jan
D ec 65 A u g
May 101 F eb
D ec 32 M ar

11 8 % Chas R y G A E l 5s ’ 99 M -S
117
108%' 110
Chaxl C A A e x t 5 s .’ 09 J-J
106
105
2d 7 s .................1910 A-O
lo l
C ity A S u b 1st 5 s . . ’ 22 J-D
11*8 *
C ity A Sul><W aa)lBt58’ 4&
98
98% Coal A I R y 1st 5 s ’ 2 0 F -A .
C o l A G m v 1s t 6s.1916 J-J
C on sol G as 6 s . .. 1910 J-D
9rt
97
5 s ........................ 1939 J-D
80% 81% G a A A la l 8 t c o n 5 s ’ 45J -J
G a Car A N 1 st 6 b g ’29 J-J
7 7 4 78
G e o r g ia P 1st 6 a .. . ’ 22 J-J
110
G aSo A F la 1st 5s 1945J-J
70
71% G -B -S B r e w 3-4s 1951M -S
2d in co m e 6 b 1951 M -N
K n o x v T r a c 1 s t 5s ’ 2 8 A -0
L a k e R E l 1st g u 6 s ’42M -S
M em p h is St l » t 5s’ 45 J-J
M e tH t(W a s h )ls t5 s ’ 2 5 F A
M t V e r C ot D u c k 1st 6s.
160
N p t N A O P 1st 5s’ 38 M -N
98 100
G e n e ra l 5s___ 1941 M -S
235 255%
N o rfo lk S t 1st 5 s ’ 4 4 . . J-J
85
92
N o rth C en t 4% s 1925 A - 0
Series A 5s 1 9 2 6 ___ J-J
S eries B 5s 1 9 2 6 ___ J-J
21
P itt U n T r a c 6s 1997.J-J
93
96
P
o
to V a l 1st 5s 1 9 4 1 ..J-J
73
80
Sav F la A W e s t 5s ’34 A -O
4%
5
Seaboard A L 4s 1950 A -O
Seab A R oa n 6s 1 9 2 6 .J-J
B onds
A n a o o stia A P at 5 s ...........
99% 100
Sou th B o u n d 1st 6 s ..A -O
UE1 L A P l s t 4 % s ’ 29 M -N
A t i A C h 1st 7 ...1 9 0 7 J-J
95
'*95% U n R y A E l 1st 4s ’ 49 M -S
A tla n C L B R 4 s l9 5 2 M -S
In co m e 4s 1 9 4 9 ........J-D
A tt Coast L (O t)c tfs 6s J-D 102% 105
F u n d in g 58 1 9 3 6 ...J - D
80
C tfs or In d ebt 4 s ___ J-J
85
80
V ir g in ia M id la n d —
85
6-SO y t 4s 1 9 2 6 ..........J-J
102
2d series 6s 1 9 1 1 .. . M -S
B a lt C P a ss 1 st 5s ’ 1 1 M -K 101
B a lt F u n d g 5 s .1916 M -N 107
3d se rie s 6s 1 9 1 6 ..M -S
H 8
E x ch a n g e 3% s 1930 J-J
4th ser 3-4-os 1 9 2 1 .M-S
9 8 4 99^
B a lt A P 1 st 6s m 1 ’ 11 A -O
5th B e r i o s 6s 1 9 2 0 .M-S
B a lt T r e e 1st ( s . . ’ 29 M -N 107
V a (S tate) 3s n e w ’ 3 2 . J J
109
N o Bart D iv 6s 1942 J-D 110% 115
F u n d d e b t 2-8s 1 9 9 1 .3 -J
110
W e s t N C co n Cs 1914 J -J
O a * t’ l R y o o n 5 s l # » 3 M -N 108
E x t A Im p 58.1932 M -S 107
110
W e e V a C A P 1st 6 c ’ 11 J-J
W il A W e ld 5 s .. 1 9 3 6 .J-J
Chas C ity Ry 1st 5 « ’ 23 J-J 103
106

P h A R e a d 2d 6s ’ 3 3 .A - 0
C on M 7s 1 9 1 1 ........J-D
C om M 6s * 1 9 1 1 . ...J -D
E x Im p M 4s k ’ 4 7 . A-O
T e rm in a l 5s g 194 1. Q -F
P W A B co l tr 4 s ’ 2 1 .J -J
P o rtla n d R y 1st Cs 1930.
R o ck R y * L c o n 6s ’ 5 4J -J
U T ra e l a d g e n 6 « ’ 19.J-J
On R y s T r o tfs 4 s ’ 49J A J
U n ite d R y s I n v 1st c o ll tr
s f 5S 1 9 2 6 .................M -N
U T ra e P it g e n 5s ’ 97 J-J
W eSsbach s f 6s 193 0. J-D
W lk s -B G A E c o n 5 s ’65J-J
B A L T IM O R E
I n a c t iv e l+t*ckn
A la C pns C o a lA Iro n . 100
P r e f ..............................100
A tla n ta A C h a r lo t U .,1 0 0
Atkan C oast L in e B B . 100
A t la s C o a s tL (C o n n ) 100
C anton C o .....................100
C on s C ot D u c k C o r p ...6 0
P r e f e r r e d .................... 50
G e o rg ia S ou A F l a . .. 100
1st p r a f...................... lOO
2d urtsf........................ ioo
G -B -8 B r e w in g ............100

41

A sk

9 2%
90
106
104
106% 107%
101% 102
102
101
110
104% 105%
109*4 110
106% 1061*
106 42 107
112
116
108% 109%
52% 63%
22
22%
104
105
110
.

.....

108
106
79% 79%
i*0*5** i* 0 8 "
103
110
110
106
106
70
106
110
88
90
85
85%
60% 61
78% 79
105
106
106
IO j
92
90
Hi
91%
110
106
105 *4 106%
112
114

__

« $30 paid.

1546

THE CHRONICLE

[V o l .

lx x x iv .

Inoestraeni and Railroad Intelligence.
RAILROAD

GROSS

EARNINGS.

The following table shows the gross earnings of every STEAM railroad from which regular weekly or m onthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or m onth, and the last two
oolumns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. The returns of the street railways are brought together separately on a subsequent page.
Latest Gross E arn ings.
W eek or
M onth.

ROADS.

Current
Year.

P reviou s
Year.

A la G reat S outhern — See Sout hern R ail w ay.
A la N O & T e x Pac.
110,768
117.838
N 0 4 N E a s t___ 4th w kM ay
5 i ,695
58,537
A la & V ic k s b u r g . 4th w k M a y
52,274
54,293
V ic k s b u r g Sh & P 1th w kM ay
3,583
3,426
A la T en n & N o r t h . . May ______
k A tc h T o p & S F e . M ay _____ 8,393,817, 7,0 4 1 ,2 0 6
341,159
306,543
A tla n ta & C h ari___A p r i l _______
101,934
148,758
A tla n B lrm & A t l’ c . A p r i l _____
A t la n t ic C oast L ine A p r i l _____ 2 ,444,409, 2 ,159,462
B a ltim ore & O h i o . . M ay _____ 7 ,3 7 0 ,8 4 9 6,817,034
296,905
242,225
B a n g o r & A r o o s to o k A p r i l _____
5,562
4,395
B e lle fo n te C e n t r a l.. M ay _____
3.439
3,271
B rid g etn & Saco R iv A p ril ______
219,784! 114,611
B u ff R o c h & P i t t s .. 3d wk Ju n e
168,127
97 ,908
B u ffa lo & S u s q ____ A pril . . .
144,700
202,300
C a n ad ian N o rth e r n . 3d wk June
C a n ad ian P a c ific ___3d w k June 1,619,000 1,288,000
214,800
195,400
C en tral o f G e o r g ia .. 3d w k June
C en tral o f N J e r s e y . M ay _____ 2,464,508 1,850,203
3,245
2,793
C h attan S o u t h e r n .. 2d w k June
C h esapeake <Se O h io . A p r i l ______ 2 ,209,621 2,005,871
5,711
C h esterfield & Lane M ay _____
2,872
969.138
822,121
C h ica go & A lto n R y M ay _____
172,431
163,602
C h ic G reat W estern 3d w k June
114,040j 116,798
C h ic In d & L o u is v . 3d w k June
C h ic ln a & S outhern — See New Y o rk Cenj tral.
C h ic M ilw & St Paul A p r i l _____ 4 ,9 9 5 ,6 6 4 4,343,801
Ch ic & N orth W e s t . M a y ______ 5 ,8 2 3 ,6 5 4 5,0 9 8 ,4 5 0
C h ic St P aul M & O . M a y .......... 1.055,205; 954,687
3 2,269
C h lo T erm T ra n R R Jst w k Ju ne
31,539
Cin N O <5c T e x a s P a c — See S out hern
Ra iiw ay
C in cin n a t1 N orthern — See N ew Y o r k Cen tral.
C lev Cin C h ic & St L —See N ew Y o r k Cen trai.
154,961
183,338
C o r o la d o M id la n d .. A p r i l _____
270.264
264,521
ftCol <& S ou th S y s . . 3d w k June
26,375
C ol N e w b & L a u r _ . A p r i l ______
21,989
56,651
6 9,114
C op p er R a n g e ______M a r c h ______
18,892
15,032
C o r n w a ll____________ A p r i l ______
41 468
C ornw all & L eb an on A p r i l _____
26,980
4 69 ,200
419 ,100
D en v er & R io Gran 3d w k June
24,981
23,344
D e tro it & M a ck in a c 3d w k June
81,021
73,143
D e t T o l & Iron t Sys 2d w k June!
68,404'
63,917
D u l So Shore & A t l . 3d w k J u n e ’
K rle________________ _ A p r i l _____ 4 ,6 7 1 ,4 0 5 i3 ,517,262
E v a n sv ille & T e r H — See R o ck Isla n d S| ystem .
1,674
F a irch ild & N E . . . A p r i l _____
1,328
62,999
56,809
F o n d a J oh n st& G lo v M ay _____
232,304
223,141
■Georgia R R ______ _ M ay . . . . .
G eorgia Sou th & Fla — See. Shut hern R ail w ay.
883,825
818,126
G ra n d T ru n k S yst . 3d w k June
115,672
99,593
Gr T ru n k W e s t .. 2d w k J une
26,211*
30.415
D et Gr H & H ilw 2d wk June
3 5 ,9 8 3 j
57,974
C anada A t la n t ic - 2d w k June
S.407,702 4 158,354
G rea t N o rth e r n ____ May ____
231,840
222,669
M on tan a C e n tra l. M ay ____
T o ta l s y s t e m .^ .. M ay ____ 5,639,542 4 ,3 8 1 ,0?3
39,768
50,765
G u lf & Ship I s la n d . 2d wl( June
6 1 3 ,2 3 3
H o c k in g V a lle y ____ A p r i l ____
385,145
Illin ois C e n tra l____ M ay ____ 4,835,104 4 ,258,971
120,000
122,000
In ter & G reat N orth 3d w k June
150,990
138,968
a ln te r o c e a n lc (M ex) 3d w k June
52,664
58,268
I o w a C en tra l_______ 3d w k June
219.139
K a n a w h a & M ic h .. A p r i l ______
153,001
866,467
765,65
K ansas C ity S o u t h . M ay .
.
L a k e tirle & W est'n — See N ew Y ork Cen tral.
L a k e S hore & M Sou — See New Y o rk Cen tral.
L eh igh V a l l e y ______ A p r i l _____ 3,069,581 1,817.144
57,599
43,694
L e x in g to n & E a s t... A p r i l _____
In c . 99 860
L o n g Is la n d ________ A p r i l _____
96.416
120.264
L ou isiana & A r k a n . A p r i l _____
844,550
951,155
L ou isville & N a sh v J 3d w k June
1 1 ,2 2 1
12,923
M a co n & B ir m ln g .. May _____
44,654
M anistee & N o L'ast M a r c h ____
44,060
7,795
13,693
M a n is tiq u e _________ May _____
30,837
33,188
M arylan d & P e n n .. May _____
a M exica n C e n t r a l.. A p r i l ____ _ 2,920,991 2,500,372
167,675
a M exica n In te r n a t. 3d wk June
150,506
153.700
127,300
<i M exica n R a ilw a y . 1st w k Ju n e
26,775
24,137
a M exica n Southern 1st w kJune
M ichigan Central
— See N ew Y o r k Cen tral.
16,463
M ineral R a n g e ______ 3d w k June
12,888
76,849
87,301
M in neap & St L ou is 3d w k June
266,715
223,546
M in n St P & S S M . 3d w k June
373,251
489,429
M o K ansas & T exa s 3d w k June
857 .000
777 .000
M o P a c & Iron M t . _ 3d w k June
31,000
29,000
C entral B r a n ch ... 3d w k June
886.000 808.000
T o t a l _____________ 3d w k June
b M obile Jack & K C D ecem ber
139.700
92,984
M obile & O h io
— See S out hern R ail w ay.
N ash v C hatt & St L A p r i l _____ 1 130,479
9fi4,619
314,574
330,311
a N at R R o f M e x .. 3d w k June
16,290
H id a lg o & N E ._ 3d w k June
21,551
N eva d a -C a l-O regon 2d w k June
5,467
5,416
9,664
9,959
N e v a d a C en tral____ A p r i l ______
N Y C h ic & St L ou is — See N ew Y o rk Cen tral.
695,070
N Y O nt & W estern M ay ______
5 54,410

Current
Year.

2,987
1,454
1,507
42
85,826
3 ,559
1,307
22,401
75,047
2,674
54
38
8,414
1,514
7,164
70,066
11,933
24,249
158
20,975
51
11,742
9,206
5 ,816

,223
,410
461
361
,809
,084
,500
746
,836
,917
,048
953
,997
391
,700
,677
,263
,172
,675
,238
.912
,326
,491
,865

50.742.857 4 6 ,309,078
62,947,345 5 7 ,684,322
12.886.858 11,859,575
1,600,360 1 ,611,974

,777,577
,404,553
246,351
505 373
170,173
373,031
,102,780
,119,561
,926,131
,967,031
,398,166

2 056,
13,025,
270,
595,
182,
403,
20,671
1,267
4,095
3,219
44,134,
15,405
706,462
2 ,806,020
42,505
5,746
1,682
1,854
48 259
2,522
50,781
2.384
5,566
51,700
8,376
6,985
3,066
1,931
8,414

19,278
644,095
2,643,353

,.805 18,501,973
,823 5,1 2 3 ,8 3 9
,316 1 ,498,280
,533 1,877,633
568 15,082,093
,503,762
,372
940 47 ,585,855
196i 2 ,041,965
460
,439,465
,336,016
738
3801
,611,321
,236,107
388
.142
,886,833
752
,783,237
454
,090,909

29,500,445 27,198,658
474,185
4 30.478
I n c . 813, 623
8 51,156
9 83 ,910
4 6 ,961,653 4 1,869,512
152,756
152,177
87",750
71,523
332 ,610
330,815
25.496,123 23,315,445
8 ,193,025 7,1 3 5 ,5 1 3
7,0 5 9 ,6 0 0 6 ,1 8 7 ,6 0 0
1,206,306 1 ,140,798
769 ,943
718 ,385
3,763 ,260 3 ,623,956
12,403 ,487 11,150,748
25,449 ,457 20,602,642
45,631 ,752 4 1 ,4 2 5 ,5 3 8
1,590 ,,322_ 1,840,313
47,2 22 ,074143,265,851
743 ,921
466,475
10,002,364 8 997,262
15,394,171 13,532,611
966,592
252,527
217 ,132
66,639
46,582
7 ,4 7 6 ,1 1 5

6,5 6 2 ,5 8 4

I
j
j
|

Current
Y ear.

W eek or
M on th .

ROADS.

P rev iou s
Y ear.

,737,476
,271.692
,188,976
31,175
,072,918
,417,933
9 15 ,008
,464,632
,819,244
,066,989
53,721
38,996
,682,091
,306,233
,368,900
,882,404
,132,074
,883,710
131,632
,210,089
3 5,638
,674,537
,575,322
,751,417

July 1 to Latst D ate.

Latest Gross E arn inos.

July 1 to Latest D ate

Previous
Y ear.

N Y C & H u d R iv e r M a y ..........
L a k e Shore & M S M ay _____
L a ke Erie & W e s t M a y --------C h ic Ind & S o u th M a y _____
M ichigan C e n t r a l.!M ay -------Cleve C C & St L M ay _____
P eoria & E a stern [M ay _____
C incinnati N o r t h . M ay _____
P itts & L a ke Erie M av _____
R u tla n d . ...............1May ______
N Y Chic & St I ,. M ay _____
N Y Susq & W e s t . A p r i l ------N o rfo lk & W e s te r n . A p r i l --------N orthern C e n t r a l . . !A p r i l ____ _
N o rth e rn P a citic ___ IM ay --------P a cific Coast C o . . A p r i l _____
d P en n — h)ast P & E A p r i l _____
d W est o f P & E . A p r i l _____
P eoria & E a s t e r n .. — See N ew
P h lla B a lt & W a s h . April ____
P h iladelph ia & Krle Febru ary _
P itts Cin C h ic& St L M ay _____
P itts (X b a k e b a it' —See New
R a leigh & S o u th p o rt M ay _____
R e a d in g R a il w a y .. A p r i l _____
Coal & Iron C o . . j A p r i l _____
T o ta l b o th c o s ___IA p r i l ______
R ich F red & P o t ___ i A p r i l ______
R io G rande J u n e ___ M a r c h _____
R io G rande S o u t h . . 3d w k June
R o c k Island S y stem M ay _____
e St L & San Fran M ay _____
T E v a n s v & T e r H M ay _____
T o ta l o f all lin e s . M a y ______
R u tla n d ____________ —.see New
St Jos & G rand I s l. A p r i l --------St L ouis fc San Fran — Sec R o c k
St L ou is S o u th w e s t. 3d w k June
Seab oard A ir L i n e . . M arch . . .
Sierra R a ilw a y ____ M a y _______
Sou th ern I n d i a n a .. M ay --------c S outhern P a c C o . . ; A p r i l -------Sou th ern R a il w a y .. 3d w k June
M obile & O h io ___ 3d w k June
Cin N O & T e x P . 2d w k June
A la G reat S o u t h . 2d w k June
G eorgia So & F la . M a y ______
T e x a s C e n t r a l_____ 2d w k June
T e x a s & P a c ific ____ 3d w k June
T id e w a te r & W e s t . A p r i l _____
T o le d o & O h io Cent A p r i l _____
T o le d o P e o & W e s t . 3d w k June
T o le d o St L & W est 3d w k June
T o m b ig b e e V a lle y . . ' A p r i l _____
T o r H am & Buffalo, M ay _____
U n ion P a cific S y s t . A p r i l _____
V irgin ia & So W est.| M a y ______
W a b a s h ____________ ! 3d w k June
W estern M a r y la n d . 3d w k June
W est Jersey & S e a . A p r i l ..........
W h eel & L a k e E r ie . 3d w k June
W iscon sin C e n t r a l.. A p r i l _____
W rig h tsv & Ten nille A p r i l _____
Y a z o o & Miss V a lle y M a y ______

8,418,605 7 250 241
3,770,660 3,652,111
415 .449
400,445
244 806
168.549
2,871,4601 2,099,087
2 292 469 1,989 663
237,574
253,430
86,263
86.303
1,300,193 1,314,532
227,129
272.168
891,002! 844,236
276,118! 185.500
2,681 219 2,408,442
722,602
1.101,102
6,404,7771 5 ,469,545
479 460
631,705
13370388 10249188
In c 1,29 7,400
Y ork Cen tral.
1,435,773 1.235.473
543 723
595,663
2,864,5441 2 ,408,189
i o n ; (,’en tral.
9,332
6,082
3,998,069 2 ,461,844
4,121,379 1,074,565
8 ,119,448 3,536,409
197,126
166,038
57,198
48,300
13,4771
12,562
5,121,416 3,926,801
4,3 0 6 ,8 2 9 3 ,181,663
180,558
194,655
9 ,622,900 7 ,289,023
orK Cen iral
123,441
136,325
Island Sy ite m .
203,135
179,668
1,615 557 1 452,601
34,094
33,221
128.793
95,290
10334295 8,652,723
975,534
1,084,732
189.139
154,400
182,414
167,564
70,449
72,464
164,967
187,610
11,235
19,559
218,129
261,717
6,715
8,469
205,041
408.169
23,595
30,807
67,750
87,742
4 ,454
6,334
57,789
91,418
6,287,988 5 ,339,805
9 5,316
96,463
558,370
594,984
110,428
123,277
389,114, 398,114
93,355
132,865
584,637
667.042
14,862
17,039'
697,333! 728,959

V a riou s F isca l Y ears.

P eriod.

A tla n ta & C h arlotte A ir L in e ___
B ellefon te C e n tra l______________
Manistee & N orth ea stern _______
M a n is t iq u e ______________________
M exica n R a ilw a y ________________
M exica n S o u th e rn _______________
New' Y o r k C e n tra l..........................
L a ke Shore & M ichigan Sou th
L a ke Erie & W e s te rn _________
C h icago In dian a & S o u th e r n .
M ichigan C e n tra l_____________
C leve Cin C h ic & St L o u is ------P eoria & E a s te rn _____________
C incinnati N o r t h e r n --------------P ittsb u rg h & L a k e E r ie --------R u t l a n d ______________________
N ew Y o r k C h icago & St L ou is
N o rth e rn C e n tra l-----------------------11 P e n n — East o f P itts & Krie —
d W est o f P itts b u rg h & E r i e ..
Ph lla B a ltim ore & W a s h in g to n .
Ph iladelph ia & E rie-------------------P itts Cin C h icago & St L o u is ___
R io G ra nde J u n c t io n -----------------T e x a s & P a cific -------------------------W est Jersey & Seash ore________

M ch 1
Jan 1
Jan 1
1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Jan 1
Ian 1
Jan 1
Jan 1
D ec 1
Jan 1
Jan 1

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

A p ril
May
Mch
M ay
June
June
M ay
M ay
-May
M ay
M ay
M ay
M ay
M ay
M ay
M ay
M ay
A p ril
A p ril
A p ril
A p ril
Feb
M ay
Mcft
June
A p ril

30
31
31
31
7
7
31
31
31
31
31
31
31
31
31
31
31
30
30
30
30
2.S
31
31
21
30

Current
Year.

P revious
Year.

87,457,177
39 735,715
4,6 9 7 ,0 7 3
2,431,116
25,114.299
23,348,319
2 ,773,363
949,213
13,089,878
2 648,535
9,415.66.1
2 552 510
25,542,391
10,279,481
62.800,214
6,015,592
128986970
In c . 6 70

82,135 615
37 483 666
4 870 840
2,055 025
23,002 410
21,609 464
2,857 708
849 085
12 171 824
2,429 864
8,860 188
2,301 885
23.452 5 13
9.123 381
56,824 077
5,362 014
117554 170
3,600

1 3,716,974 12,408 474
5,923,797 5,807 016
28,519,865 25,918 922
91,570
35,541,645
32,010.458
6 7 ,552,103
1 ,563,349
618,796
591,853
54,880,855
4 5,809,927
2 ,104,290
102795074
1 ,443,119

58
33,670
27,995
61,665
1,377
505
550
47.062
38,626
1,997
87,685

587
065
517
582
229
170
843
537
399
019
957

1,283 401

1 0,277,506 8,769 510
1 2,206,059 11,323 134
1,498’, 171
102748811
5 5,118,745
10,407,295
8,280,969
3 ,941,400
2,083,461
1,189,780
16,230,577
74,613
3,996,832
1,256,625
4 ,008,923
65,153
798,602
6 2 ,518,034
963,524
26,665,411
5,459,505
4,399,084
6,012,601
6,189,622
196,122
8 ,759,172

1,297' 318
87 423 626
52,291 665
9,116 353
8,034 325
3,597 916
1,778 777
909 168
12,728 740
71 083
3,494 073
1,258 923
4,014 320
41 093
676 179
56,107 330
920 774
24,292 281
4,669 .816
4,111 584
5,185 V28
5,904 298
179 197
7,955 083

Current
Y ear.

P revious
Year.

719,438
24,964
136.482
26.218
3 ,4 6 9 ,3 0 0
598.068
38 246 635
17,798,433
2,009,642
1 244,649
11,457,855
10,115.925
1,175,640
397,250
5,655,540
1,117,196
4,399 454
4.008,727
5 0 ,573,929
In c . 2.6
5,211,236
1.225,459
13,181,840
255,266
7,919,458
1,340,278

686,464
22,568
133,406
36 669
3,0 2 5 ,6 0 0
561,470
3 5 ,229,570
1 7,049,799
2,122.918
976,854
10,445,700
9 ,322,727
1,203 949
381 503
5 ,6 8 ? ,3 8 0
1 010,067
4.094 369
3,473,627
45,607.029
32,100
4,7 8 4 ,5 3 6
1,175,358
11,709,710
196,825
6 ,244,332
1.268,278

AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
M onthly Sum m aries.
2d
3d
4th
1st
2d
3d
4th
1st
2d
3d

w eek
w eek
w eek
w eek
w eek
w eek
w eek
w eek
w eek
w eek

A pril
A p ril
A p ril
M ay
M ay
M ay
M ay
June
June
June

(44
(43
(47
(43
(41
(41
(47
(43
(44
(37

r o a d s )___ _
r o a d s )____
r o a d s )____
r o a d s ) ....
r o a d s )____
r o a d s )___ _
r o a d s )____
r o a d s )____
r o a d s ) ____
r o a d s )____

Cur'nt Year P rev’s Y ea r. In c. or D ec .
10.329,969
10,414,829
15,171,383
10,161.954
10,262,925
10,326,105
16,473,009
10,439,372
10,808,646
10,488,138

9,045,5711
9,0 6 9 ,7 3 3 '
12,437,8521
8,790 083!
8,858,0511
8 ,911,372
14.403.490l
9,016,905
9,2 4 7 ,6 1 0 '
9 ,176,620'

4 -1 ,2 8 4 ,3 9 8 14.19
4 -1,345,096 j 14.82
4-2,733,531| 21.98
4 -1.371.871 15.61
4-1,404,874] 15 74
4 -1 ,4 1 4 ,7 3 3 15.88
4 -2 ,0 6 9 ,5 1 9 :1 4 .3 7
4 -1,422,467 15.77
4 -1 ,5 6 1 .0 3 6 16.88
4 -1 ,3 1 1 ,5 1 8 'l4 .2 9

M on th ly Sum m aries.
j M on th
! M onth
j M on th
I M onth
i M onth
] M onth
M onth
! M on th
i M on th
I M onth

Aug
S ept
O ct
N ov
D ec
Jan
F eb
M ch
A p ril
M ay

1906
1906
1906
1906
1906
1907
1907
1907
1907
1907

(118
(122
(119
(12]$
(127
(123
(122
(118
(118
( 67

roads) .
r o a d s ),
r o a d s ).
r o a d s ),
ro a d s ).
ro a d s ).
roads) .
r o a d s ),
r o a d s ).
ro a d s ).

C ur'nt Year P rev’ s Year.
$
179,191,945
184,551.471
198,733,229
186 696,274
184 ,235 .50 5
173.212.305
162,283,992
180,539,532
18S,130,451
83,611.407

S
159.835,022
171,553,520
179.405,267
175,727.985
1 70.746,769
162.623,883
152.555.191
164,645,009
154 ,894 ,74 8
72,7 2 2 ,0 6 3

Inc. or D ec. \
S
4-19,356.923
4 -1 2 .9 9 7 ,9 5 1;
4-19.32.7.962
4-10,971,289
4-13,488 826j
4-10,588,4221
4-9,728.801
4-15,8 9 4 ,5 2 3
4 -3 3 ,2 3 5 ,7 0 3
4 -1 0 ,8 8 9 .3 4 4

7.58

6.51
6.05
9.65

a M exica n cu rre n cy , b In clu d es earnings o f G u lf & C h ica go D ivision ,
c In clu d e s the H o u sto n & T e x a s Central and Its su b sid ia ry M n e jln b o th
years, d C ov ers lines d ir e ctly o p e ra te d , e in clu d e s the C h ica go & E astern Illinois In b o th years,
f In clu des E v a n sv ille & In dian a R R .
h in clu d e s
k Inclu des In b o th years e a rn in g !
earnings o f C ol. & S o u th ., F t . W o r th & D e n v e r C ity an d all a ffilia te d lines, e x c e p tin g T r in ity <5c B razos V a lley R R .
o f D en ver E nid & G u lf R R ., P e co s S ystem an d San ta Fe P re sco tt & P h o e n ix R y .




Latest Gross Earnings b y W eek .— In the table which
follow s we sum up separately the earnings for the third
week of June. The table covers 37 roads and shows 14.29%
increase in the aggregate over the same week last year.
Th ird w eek o f J u n e.
B u ffa lo R o c h e s t e r & P t t s b u r g h .
C a n a d ia n N o r t h e r n _____________
C a n ad ian P a c if ic ________________
C en tral o f G e o rg ia _______________
C h ica g o G rea t W e s te rn --------------C h ica g o In d ia n a p o lis & L o u is v .
C o lo ra d o & S o u th e rn .......................
D e n v e r & R io G ra n d e--------------D e tr o it & M a c k in a c ____________
D u lu th S o u th S hore & A t la n t ic .
G ra n d T r u n k o f C a n a d a -----------]
G ra n d T ru n k W e s te r n -----------v
D e tr o it G ra n d H a v & M llw . |
C a n ada A t la n t ic ______________J
In te r n a tio n a l & G reat N o rth e rn
ln t e r o c e a n lc o f M e x ic o --------------I o w a C e n tra l------------------------------L o u is v ille & N a sh v ille --------------M e x ica n I n t e r n a t io n a l--------------M in era l R a n g e ------ ! --------------------M in n ea p olis & St L o u is --------------M in n S t P & S S M _______________
M issouri K an sas & T e x a s _______
M issouri P a cific & Ir o n M tn ------C en tral B r a n ch _______________
M o b ile & O h io ________________ . .
N a tio n a l R R o f M e x ic o --------------H id a lg o & N o rth e a s te r n ...........
R i o G ra nde S o u th e r n ___________
S t L ou is S o u th w e ste rn --------------S ou th ern R a ilw a y _______________
T e x a s & P a c ific --------------------------T o le d o P eoria & W e s t e r n ----------T o le d o St L ou is & W e s t e r n ------W a b a s h ____ ______ _______________
W e s te rn M a r y la n d _______________
W h e e lin g & L a k e E r ie ---------------

R oads

190 7.

190 6.

j In crea se. D ecrea se.

$
S
P r e v io u s ly rep o r te d (38 r o a d s ) . '1 0 ,3 9 3 ,0 2 2 8 ,8 7 7 ,9 6 9 1 ,5 2 7 ,7 1 3
72 ,464
A la b a m a G reat S o u th e r n ----------76 ,449
3,985
167 ,5 6 4
14,850
182 ,414
C ln n N ew O rl & T e x a s P a c if ic . _
8 1 ,0 2 1 '
7 3 ,143
7,8 7 8
D e tr o it T o le d o & I r o n t o n ----------10,997
50,765
39,7 6 8
G u lf & Ship Is la n d ----------------------5,4 1 6
5,467:
N e v a d a C a liforn ia & O re g o n ----11,235;
19,5 5 9
" 8* 324
T e x a s C e n tra l-------------------------------

$
1 2 ,660

10 ,8 0 8 ,6 4 6 ; 9 ,2 4 7 ,6 1 0 1 ,5 7 3 ,7 4 7
..................;1 ,5 6 1 ,0 3 6

Net Earnings M onthly to Latest D ates.— The table fol­
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which m onthly returns can be obtained, is given
once a m onth in these colum ns, and the latest statement of
this kind will be found in the issue of June 22 1907. The
next will appear in the issue of July 20.
--------Gross E a rn ’gs-------- --------N et E a rn in g s-------C u rren t
P rev io u s
C u rrent
P rev io u s
Y ea r.
Y ear.
Y ea r.
Y ea r.
H oads,
$
§
$
$
A la b a m a T e n n & N o r . . - A p r
3 ,0 0 8
3 ,3 0 9
1,0 8 2
1,614
J u ly 1 t o A p r 3 0 .............
3 8 ,7 7 8
2 7 ,7 4 9
2 0 ,972
18,4 4 0
A la b a m a T en n & N o r . . M a y
3 ,5 8 3
3,4 2 6
1,937
1,707
J u ly 1 t o M a y 3 1 .............
4 2 ,3 6 1
3 1 ,175
20,9 0 9
2 0 ,1 4 7
A t c h T o p & S a n ta F e . b . M a y 8 ,3 9 3 ,8 1 7
7 ,0 4 1 ,2 0 6 d 2 ,9 1 4 ,8 4 0 d 2 ,5 5 6 ,3 1 8
J u ly 1 t o M ay 3 1 _______ 8 5 ,8 2 6 ,8 0 9 7 4 ,0 7 2 ,9 1 8 (1 3 1 ,8 8 2 ,8 8 9 d 2 8 ,051 ,4 2 9
B u ff R o c h & P i t t s b . b . . . M a y
8 6 3 ,8 5 8
387 ,5 5 3
3 7 7 ,5 3 7
4 2 ,6 0 6
J u ly 1 t o M a y 3 1 ............. 7 ,7 8 4 ,1 1 8
7 ,3 3 8 ,2 5 9 3 ,0 4 7 ,8 2 8
3 ,0 7 2 ,0 1 0
C a n ad ian N o rth e r n ---------M a y
8 7 0 ,6 0 0
6 1 0 ,1 0 0
3 5 8 ,1 0 0
2 1 2 ,5 0 0
J u ly 1 t o M a y 3 1 ............. 6 ,5 3 0 ,0 0 0
4 ,9 5 1 ,0 0 0 1 ,7 8 5 ,1 0 0
1 ,6 9 8 ,3 0 0
C e n t r a lo f N ew J e r s e y .b .M a y 2 ,4 6 4 .5 0 8
1 ,8 5 0 ,2 0 3 1,2 0 2 ,4 6 1
7 4 9 ,5 3 8
J u ly 1 t o M ay 3 1 -----------2 4 ,2 4 9 ,1 7 2 2 1 ,8 8 3 ,7 1 0 1 1 ,3 2 9 ,8 5 2 1 0 ,1 9 5 ,6 3 9
C h esterfield & L a n c a s .b .A p r
6,071
3 ,3 8 8
2,8 6 9
1,316
46,2 0 1
32,7 6 6
2 0 ,3 7 0
13,107
J u ly 1 t o A p r 3 0 . ...........
C h esterfield & L a n c a s .b - M a y
5,711
2,8 7 2
2,2 8 9
824
J u ly 1 t o M ay 31 ..........
5 1 ,9 1 2
3 5 ,6 3 8
2 2 ,6 5 9
13,931
C h ic a g o & A l t o n . a ______M a y
9 6 9 ,1 3 8
822,121
3 2 5 ,1 4 7
135 ,3 0 9
J u ly 1 t o M a y 3 1 - ...........1 1 ,7 4 2 ,3 2 6 1 0 ,6 7 4 ,5 3 7 4 ,0 3 0 ,1 2 8
3 ,1 1 2 ,1 7 5
F o n d a Joh n s & G lo v .a .M a y
6 2 ,999
56,8 0 9
29,9 7 5
2 5 ,315
J u ly 1 t o M a y 3 1 _______
7 0 6 ,4 6 2
644 ,0 9 5
338 ,4 5 7
3 0 2 ,0 2 8
G eorgia R R . a .................... M a y
232 .304
2 2 3 ,1 4 1
241
42,771
J u ly 1 t o M ay 3 1 ............. 2 ,8 0 6 ,0 2 0
2 ,6 4 3 ,3 5 3
4 7 2 ,7 3 3
7 54 ,599
I o w a C e n t r a l.a ..................M a y
2 5 5 ,9 1 0
2 29 ,462
ft76,907
7i47,091
J u ly 1 t o M ay 3 1 _______ 2 ,8 9 7 ,5 0 9
2 ,7 1 6 ,5 2 2
ft896,338
ft696,704
M a ry la n d & P e n n a . a . - . M a y
3 3 ,1 8 8
3 0 ,837
1 3 ,809
8,943
3 3 0 ,8 1 5
3 3 2 ,6 1 0
114,947
1 12 ,786
J u ly 1 t o M ay 3 1 .............
M ln n eap & S t L o u i s - a - - M a y
326,101
304,661
fc93,449
£ 8 2 ,5 8 7
J u ly 1 t o M ay 3 1 _______ 3 ,5 2 1 ,5 4 0
3 ,3 9 9 ,9 9 2 fcl,1 6 8 ,6 4 0 * 1 ,2 7 9 ,0 2 9
N Y O n ta rio & W e s t .a .M a y
6 9 5 ,0 7 0
5 5 4 ,4 1 0
2 1 4 ,6 2 5
160 ,865
0 ,5 6 2 ,5 8 4 2 ,3 6 2 ,6 2 0
1 ,7 5 5 ,9 1 6
J u ly 1 t o M ay 3 1 ............. 7 ,4 7 6 ,1 1 5
P itts b u r g h C oal C o ...........M ay
.................................. ..
4 5 1 ,6 3 9
4 4 4 ,2 8 6
J an 1 t o M a y 3 1 .......................................................... ..
1 ,9 7 4 ,4 7 2
1 ,8 4 2 ,7 1 3
P it t s C in e Chi & St L . a . M a y 2 ,8 6 4 ,5 4 4
2 ,4 0 8 ,1 8 9
6 9 5 ,7 1 7
5 88 ,592
Jan 1 t o M a y 3 1 ............. 1 3 ,1 8 1 ,8 4 0 1 1 ,7 0 9 ,7 1 0 2 ,8 6 2 ,6 1 9
2 ,5 8 0 ,5 3 7
R a le ig h & S o u t h p o r t . a . .A p r
9,334
6 ,2 7 8
2,3 6 6
3 ,0 5 2
J u ly 1 t o A p r 3 0 .............
8 2 ,2 3 8
5 2 ,5 0 5
21,3 2 6
21,3 7 5
R a le ig h & S o u t h p o r t .a .M a y
9,3 3 2
6,0 8 2
2 ,4 8 6
3 ,0 2 9
J u ly 1 t o M a y 3 1 .............
9 1 ,5 7 0
5 8 ,5 8 7
2 5 ,1 1 7
24,404
R o c k Isla n d s y s t e m .a . .M a y 5 ,1 2 1 ,4 1 6
3,9 2 6 ,8 0 1
1,0 3 5 ,4 4 1
878 ,1 0 6
J u ly 1 t o M ay 3 1 ............. 54 ,8 8 0 ,8 5 5 4 7 ,0 6 2 ,5 3 7 1 6 ,1 6 9 ,2 8 3 1 3 ,3 9 8 ,4 9 6
St L ou is & San F ran a M a y 4 ,3 0 6 ,8 2 9 3 ,1 8 1 ,6 6 3
1 ,2 6 3 ,1 8 4
844 234
J u ly 1 t o M a y 3 1 -----------4 5 ,8 0 9 ,9 2 7 3 8 ,6 2 6 ,3 9 9 1 5 ,2 8 2 ,7 3 3 1 2 ,536,711
E v a n s v & T erre H .a . M a y
194 ,6 5 5
1 80 ,558
90,8 1 6
79,9 6 3
J u ly 1 t o M ay 3 K ........... 2 ,1 0 4 ,2 9 0
1 ,9 9 7 ,0 1 9
962 ,931
894 ,644
T o t a l o f all l l n e s . a - - - M a y 9 ,6 2 2 ,9 0 0
7 ,2 8 9 ,0 2 3
2 ,3 8 9 ,4 4 0
1 ,8 0 2 ,3 0 4
Juy ‘
1 a . . . . , 6 i 7 < 5 ,0 7 4 j8 7 ,6 8 5 .9 5 7 i3 2 44 14 ,947 2 6 ,8 2 9 )8 5 2




Roads.
S ou th ern R a ilw a y S y s te m —
8 78 ,376
Cin N ew Orl & T e x P .a M a y
J u ly 1 t o M a y 3 1 ----------- 7 ,9 2 5 ,3 5 4
386 ,2 1 0
A la b a m a G t S o u t h . a . .M a y
J u ly 1 t o M ay 3 1 _______ 3 ,7 9 0 ,9 9 7
G eorg ia S ou & F l a . a .- M a y
187 ,6 1 0
J u ly 1 t o M ay 3 1 ----------- 2 ,0 8 3 ,4 6 1
6 ,3 3 4
T o m b ig b e e V a lle y C o . . * A p r
6 5 ,153
J u ly 1 t o A p r 3 0 _______

7 58 ,0 2 3
7 ,7 0 3 ,2 1 9
315 ,943
3 ,4 5 7 ,5 3 7
164 ,967
1 ,7 7 8 ,7 7 7
4 ,4 5 4
41,0 9 3

------- N et E a rn in g s------C u rren t
P r e v io u s
Y ea r.
Y ea r.
2 10 ,893
1 ,5 5 1 ,5 4 4

68,200
6 98 ,3 6 4
22,096
3 70 ,641
1,426
16,296

1 97 ,667
1 ,8 6 0 ,1 4 3
50,5 8 9
6 6 0 ,5 6 0
15,891
3 9 6 ,6 8 3
1,778
15,0 4 7

Interest Charges and Surplus.— The follow ing roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, & c., with the surplus above
or deficit below those charges.

For the second week of June our final statement covers 44
roads and shows 10.88% increase in the aggregate over the
same week last year.

T o ta l (44 r o a d s )____
N e t n crease ( 1 6 .8 8 % ).

--------Gross E a rn 'g sP r e v io u s
C u rren t
Y ea r.
Y ea r.

a N et e arn in gs here g iv e n are a fte r d e d u c tin g ta x e s ,
b N e t ea rn in gs h ere g iv e n are b e fo r e d e d u c t in g ta x e s .
d T h e c o m p a n y n o w I n c lu d e s ea rn in gs o f th e D e n v e r R n ld & G u lf R R . ,
P e c o s V a lle y sy s te m a n d S a n ta F e P r e s c o tt & P h o e n ix R y . In b o t h y e a rs.
F o r M a y ta x e s a n d rentals a m o u n t e d t o $ 2 2 0 ,6 1 4 , a gain st § 192 ,151 in 1906,
a fte r d e d u c tin g w h ic h , n e t f o r M a y 1907 w as $ 2 ,6 9 4 ,2 2 6 , a g a in st $ 2 ,3 6 4 ,1 6 7
last y e a r .
F r o m J u ly 1 i o M a y 31 1907 ta x e s an d ren tals w ere $ 2 ,3 3 6 ,8 1 3 ,
a g ain st $ 2 ,1 8 9 ,1 3 3 last y e a r .
ft F o r M a y 1907 a d d itio n a l I n c o m e w as $ 5 ,1 4 6 , a gain st $2,135 in 190 6,
a n d fr o m J u ly 1 t o M a y 31 w as $53 ,723 in 1907, again st $51 ,943 in 1906.
k F o r M ay 1907 a d d itio n a l in c o m e w as $ 1 3 ,2 4 0 , a g ain st $ 16 ,047 in 190 6,
an d fr o m J u ly 1 t o M a y 31 w as $20 7 ,2 5 8 in 1 90 7, a g a in st $1 7 1 ,3 9 6 In 1 90 6.

T o t a l (37 r o a d s )----------------------- 1 0 ,4 8 8 .1 3 8
N et Increase ( 1 4 .2 9 % ) ---------------

S econd w eek o f J u n e.

1547

THE CHRONICLE.

J u n e 29 190V.|

— I n t ., R en tals, & c .—
C u rren t
P r e v io u s
Y ea r.
Y ea r.
$
$

C en tral o f N e w J e r s e y ..M a y 68 5 4 ,1 5 9
J u ly 1 t o M a y 3 1 _______ 6 7 ,3 4 0 ,6 4 9
G eorg ia R R _____________ M ay
a 5 1 ,1 4 2
J u ly 1 t o M a y 3 1 _______ a56 7 ,3 7 3
M a ry la n d & P e n n a . : . . . M a y
6,9 8 3
5 6 ,0 2 4
J u ly 1 t o M ay 3 1 _______
N Y O n ta rio & W e s t e r n .M a y
7 5 ,9 7 6
822 ,731
J u ly 1 t o M a y 3 1 _______
P itts b u r g h C oal C o ______M a y
2 29 ,403
Jan 1 t o M ay 3 1 ............ 1 ,1 6 1 ,8 7 6

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

6 5 1 3,95 9
3 4 8 ,3 0 2
6 6 ,6 1 1 ,7 9 3
3 ,9 8 9 ,2 0 3
a 5 0 ,7 8 7 £ d e f5 0 ,5 1 3
a 5 6 7 ,9 3 4 £ d e f8 7 ,1 0 2
6 ,8 3 3
6,8 2 6
5 4 ,1 6 7
5 8 ,9 2 3
7 1 ,111
1 3 8 ,6 4 9
7 7 7 ,0 0 6
1 ,5 3 9 ,8 8 9
2 6 0 ,5 5 3
2 2 2 ,2 3 6
1 ,2 5 9 ,2 1 7
8 1 2 ,5 9 6

2 3 5 ,5 7 9
3 ,5 8 3 ,8 4 6
£ d e f6 ,1 9 4
2:203,463
2 ,1 1 0
5 8 ,6 1 9
8 9 ,7 5 4
9 7 8 ,9 1 0
183 ,7 3 3
5 8 3 ,4 9 6

a Charges here in clu d e r o a d ren tal (p a id b y lessee) an d o th e r d e d u ctio n s .
6 In c lu d e d in fix e d ch a rges are e x p e n d itu r e s fo r ren ew als, a d d itio n s an d
Im p ro v e m e n ts a m o u n tin g t o $135,1-13 fo r M a y , a ga in st $58 ,7 8 5 in 190 6,
a n d t o $1,1 5 0 ,0 8 2 fro m J u ly 1 t o M a y 31 1907, a g a in st $ 1 ,4 7 0 ,2 5 8 .
x A ft e r a llo w in g fo r o th e r in c o m e r e c e iv e d .

STREET R A IL W A Y S AN D TRACTIO N COMPANIES.
L a test G ross E a rn in g s.
N am e of
R oad.

W eek or
M o n th .

C u rren t
Y ear.

$
a A m e r ic a n R y s C o — M a y ______ 249 ,155
116 ,415
____
c A u r E lgin & C h ic R y M a y
20 ,240
B in g h a m to n R y ______ A p r i l ______
150,552
B lrm R y L t & P o w e r M a y . _
B r o c k t o n & P ly S t R y A p r i l --------7,815
16,880
C ape B r e to n E le c C o . A p r i l ...........
64,030
C en tral P e n n T r a c — M a y ______
.
6 1 ,399
C hari C o n R y G as& E l M a y
C h ica g o & M ilw E le c . M a y ___ __
89,282
dChlcasro & O a k P a rk M a y . . .
72 ,558
C lev e P a ln e s v ille & E A p ril . - .
19,470
66,993
C leve S o u th w & C o l . . M a y ___ __
8 7 ,324
D a lla s E le c C o r p ’ n — J a n u a r y _ .
895
D e tr o it J a c k ’ n & C h ic 4 th w k M a y
f D e tr o it U n ite d R y . 4th w k M a y 170 ,167
16,865
D u lu th S tre e t R y — 3d w k Ju n e
E a st S t L o u is & S u b . M a y ______ 178,988
E l P a so E le c t r ic _____ A p r i l ______
37,966
F t W a y n e & W abash
V a lle y T r a c t io n ___ ' M a y ______ 101 ,012
G a lv e s to n E le c tr ic Co A p r i l ______
26,267
G eorg ia R y & E le ctric M a y ______ 271,213
31,608
H a v a n a E le c tr ic R y . W k J u n e 23
H o n o lu lu R a p id T r &
29,662
L a n d C o .................... A p r i l ...........
H o u g h to n C o S t R y . _ A p r i l ______
19,387
53,541
H o u s to n E le c tr ic C o .
Illln o is T r a c tio n C o _ . M ay ______ 293 ,875
10,724
J a ck s o n C on sol T r a c . A p r i l ______
29,9 1 4
J a c k s o n v ille E le c C o . A p r i l ______
K a n C ity R y & L ig h t M a y ______ 4 9 8 ,4 9 7
L e x & In te r R y s C o . . M a y ______
46,6 4 8
M adison & I n t T r a c . . M a y _____
1 3,078
M anila E le c R & L C orp M arch . _ .
78,000
M et W e s t S id e K iev . M a y ______ 234,705
M llw Klee R y & L t Co M ay ______ 313 ,992
57,941
M llw L t H t & T r a c Co M a y ______
77,262
M on trea l S tre e t R y . . W k J u n e 22
N a sh vllle R y & L ig h t M ay --------- 124 ,290
44,5 5 3
N J & H R R y & F y Co M a y ______
N O R y & L ig h t C o . . M a y ______ 495,661
1 58,288
N o r O h io T r a c & L t - . M a y _ —
N o r f & P o r ts m T r Co A p r i l ______ 1 87 .097
N o rth w e ste rn E l e v - - M a y _ 146 016
22,209
O k la h o m a C ity R y . . M a y ___ __
12,424
PeeksU lll L ig h t & R R M a y ______
P u g e t S o u n d E le c R y A p r i l ........... 134 ,516
R i o d e J a n e iro T ra m
L ig h t & P o w e r ------- A p ril - - - - 487 ,9 6 5
37,3 6 5
R o c k fo r d & ln te ru rb F e b ru a r y .
S t J o s e p h (M o) R y L t
67,896
H e a t & P o w e r C o . _ M a y ______
S a o P a u lo T r L t & P . M a r c h ____
183 ,713
S av an n ali E le c t r ic Co A p r i l ______
46,9 1 3
S o u th S id e E le v a t e d . M a y ______ 170,3141
S y ra cu se R a p T r R y . M a y ______ 1 02 ,889
42,3 8 3
T a m p a E le c tr ic C o . . A p r i l ___ __
T e rre H a u te T & L C o F e b ru a r y .
69,081
1 73 ,9 9 0
T o le d o R y s & L ig h t . M a y _____
69,482
T o r o n t o R a ilw a y ____ W k J u n e 22
T w in C ity R a p id T ra n 2d w k Jun e 1 14 ,407
U n ite d R R o f S F . . . F e b ru a ry . ft509,504
U n ite d R y s o f St L . _ M ay ______ 947,337
27.737
W h a tcom Co R y & L t

\Jan. 1 to latest date.
C u rren t
Y ear.

P r e v io u s
Y ear.

$
1,1 0 2 ,9 8 3
494 ,7 9 9
85,8 8 6
8 72 ,317
26,324
67,372
2 8 1 ,2 8 4
2 8 0 ,6 7 0
337 ,517
3 58 ,348
71,5 4 3
270,721
87,3 2 4
6112,691
2 ,4 9 5 ,4 2 8
3 62 ,6 5 4
8 1 4 ,7 5 0
152 ,106

$
1,0 0 4 ,1 0 0
4 30 ,472
8 3 ,413
7 4 5 ,9 6 8
2 4 ,210
7 3 ,1 2 2
254 ,7 4 8
259 ,181
2 47 ,317
3 54 ,351
63,440
2 30 ,219
7 8 ,3 2 7
2 ,2 0 4 ,8 4 7
335 ,084
7 3 3 ,1 3 8
116,973

87,327
22,618
2 33 ,155
28,615

4 6 1 ,9 7 0
102,317

3 98 ,958
7 9 ,5 7 6

826,881

7 2 7 ,3 3 8

2 8 ,0 5 7
17,966
4 7 ,173
229 ,497
1 0,216
26,2 2 6
461 ,181
4 6 ,639
10,604
7 2 ,500
211 ,939
280 ,880
5 0 ,099
66,592
113 ,106
41,951
470 ,901
140 ,233
128 ,605
126 ,710
15,857
11,023
105 ,133

118 ,654
70,951
204 ,1 3 8
1 ,3 9 9 ,1 9 8
4 1 ,269
125 ,853
2 ,3 5 2 ,1 5 7
204 ,220
58,754
2 2 9 ,0 0 0
1 ,158.017
1 ,502,361
266 ,3 6 4
1 ,5 8 6 ,7 1 7
608 ,434
160 ,555
2 ,5 7 3 ,5 0 2
667,015
6 29 ,014
680 ,8 8 8
89,747
59,311
---------------

111 ,245
61,7 2 5
173 ,8 4 6
1 ,1 2 2 ,8 8 2
39,2 0 7
9 8 ,9 4 9
2 ,1 1 8 ,8 0 0
184 ,133
4 0 ,1 5 6
220 ,8 8 0
1 ,0 2 3 ,1 8 0
1 ,3 5 5 ,9 1 8
2 2 7 ,1 5 0
1 ,3 8 6 ,7 6 0
536 ,6 1 0
144,671
2,4 5 2 ,810
592 ,2 0 6
4 9 5 ,3 7 8
627 .932
59,387
50,757
..................

32,6 8 5

1 ,8 8 3 ,9 0 2
7 6 ,8 1 4

P r e v io u s
Y ear.
$
225 ,686
102,533
22,011
153 ,857
7,2 4 8
18,378
57,3 5 7
52,8 7 9
69,813
71,5 2 0
18,202
54,219
78,3 2 7
156 ,867
15,401
159 ,183
3 1 ,449

329 ,183
68,001
529 ,147
164 ,754
183,469
49,8 7 2
141 ,282
7 58 ,160
8 7,573
49 0 ,5 8 0
___
36,937
54,902
145 ,5 5 2
167,847
834 ,881
57,580
111 ,3 7 7 2 ,5 5 1 ,9 5 8
563 .906 ftl ,0 47,498
911 ,673 4 ,3 2 6 ,4 2 2
109 ,063
20,263

67,981
8 2 0 ,3 9 6
5 0 2 ,7 9 8
192,611
7 0 9 ,2 2 5
4 2 5 ,5 7 8
114 ,733
784,391
2 ,2 8 9 ,1 7 2
1 ,1 6 4 ,1 1 6
4 ,0 5 0 ,5 5 8
8 5 ,0 6 4

a F igu res fo r th e m o n th In b o th y e a rs in c lu d e o p e r a tio n s o f t h e S c r a n to n
R y ., a cq u ire d Ja n . 1 1906. b F ig u res are fro m F e b . 1. c T h ese figu res are
fo r co n s o lid a te d c o m p a n y , d T h ese are results fo r m a in lin e , f N o w in ­
c lu d es R a p id R y . S y s t ., S a n d w ich W in d s o r & A m h e r s tb u r g R y . an d D e tr o it
M o n ro e & T o le d o S h o rt L in e R y . ft T h e se are e a rly p r e lim in a r y retu rn s;
d ecrease d u e t o e a r th q u a k e , fire a n d s trik e a m o n g e m p lo y e e s , A u g . 26 t o
S e p t 5 1906,

1548

THE CHRONICLE.

Street Railway Net Earnings.— In the follow ing we show
both the gross and the net earnings to latest dates o f all
S T R E E T railways from which we have been able to procure
m onthly returns. As in the case of the steam roads, the
returns of the different roads are published b y us each week
as soon as received, and once a m onth we bring together all
the roads reporting, as is done to-day.
-------G ross E a rn 'a s-------C u rrent
P rev io u s
Y ear.
Y ear.
R oads.
5
$
A u r o r a E lgin & C h ic R y ..M a y
116,415
102,533
J u ly 1 t o M a y 3 1 . . ____ 1 ,1 9 6 ,0 4 7
1,0 6 2 ,6 6 6
B in g h a m to n R y ____ __ -A p r
2 0 ,240
22,011
Jan
1 t o A p r 30
85,8 8 6
83,413
J u ly 1 t o A p r 30
2 48 ,9 8 8
236,949
B r o c k & P ly m St R y . a . . .A p r
7,815
7,248
Jan 1 t o A p ril 30
26,324
24,210
C a pe B reton E le c C o . a . .A p r
16,880
18.378
Jan 1 t o A p ril 3 0 . . ____
67,372
73,1 2 2
C en tral P e n n s y lv a n ia ___ M ay
6 4 ,030
57,357
J an 1 t o M a y 3 1 . . ____
281 ,284
2 54 ,7 4 8
C h arleston C ons R y C o .M a y
61,399
52,879
M ch 1 t o M a y 3 1 . . ____
154,875
172,858
C h ic & M llw E le c ________ M ay
89,282
69,813
Jan 1 t o M a y 31
337,517
247,317
C leve P a ln e s v & E a s t.a - A p r
19,470
18,202
Jan
1 t o A p r 3 0 . . ____
71,543
6 3 ,440
C leve S o u th w & C o l____ M ay
66,993
54,219
J an 1 t o M a y 31
270,721
230 ,219
D e tr o it J a c k s o n & C h ic .M a y
36,187
F e b 1 t o M a y 3 1 _______
128,333
C551.434
D e tr o it U n ite d R y ______M a y
502 ,9 5 3
J a n 1 t o M a y 3 1 _______ c 2 ,4 9 6 ,4 2 8
2 ,2 0 4 ,8 4 7
D u lu th S treet R y . b ...........A p r
6 2 ,1 8 0
67,291
J a n 1 t o A p r 3 0 _______
243 ,988
3 2 5 ,3 5 4
E a st S t L & S u b u r b a n ..M a y
1 78 ,988
159,183
J a n 1 t o M a y 3 1 _______
8 1 4 ,7 5 0
7 33 ,138
E l P a so E le c t C o s .a ____ A p r
37,966
31,4 4 9
Jan 1 t o A p r 3 0 _______
1 52 .106
116 ,973
f t W a y n e & W a b ',V a I ..M a y
101.012
8 7,3 2 7
J an 1 t o M a y 3 1 _______
4 6 1 ,9 7 0
3 9 8 ,9 5 8
G a lv eston E le c C o . a ____ A p r
2 6,267
22,618
J a n 1 t o A p ril 3 0 _______
102,317
7 9 ,5 7 6
G eorgia R y & E le c ______M a y
271 ,2 1 3
233 ,1 5 5
H o n o lu lu R a p id T ra n sit &
L a n d C o . b ____________ A p r
29,6 6 2
28,057
J an 1 t o A p ril 3 0 _______
1 18 ,654
111 ,245
H o u g h to n C o S t R y . a ___ A p r
19,387
17,966
J a n 1 t o A p ril 3 0 _______
61,725
70,951
H o u s to n E le c C o . a _____ A p r
53,541
4 7 ,1 7 3
Jan 1 t o A p ril 3 0 _______
2 04,138
173 ,846
Illin ois T r a c t io n C o . a . - M a y
229 ,4 9 7
293 ,875
Jan 1 t o M ay 3 1 _______ 1 ,3 9 9 ,1 9 8
1,1 2 2 ,8 8 2
10,7 2 7
J a c k s o n C on sol T r C o ___ A p r
10,216
132 ,474
M a y 1 t o A p r 3 0 _______
1 47 ,408
J a ck s on v ille E le c C o . a . - A p r
29,914
26,226
J an 1 t o A p ril 3 0 _______
125,853
98,949
K a n C ity R y & L t C o . b . M a y
4 9 8 ,4 9 7
461 ,181
J u n e 1 t o M a y 3 1 _______ 5 ,7 2 4 ,7 8 0
5 ,1 6 2 ,8 6 9
L e x in g t o n & I n t e r u r b .- M a y
4 6 .6 4 8
4 6 ,6 3 9
J a n 1 t o M a y 3 1 _______
2 0 4 ,2 2 0
184 ,1 3 3
M an ila E l R y & L t C o . - M c h
7 8 ,0 0 0
7 2 ,5 0 0
J an 1 t o M ch 3 1 _______
2 2 9 ,0 0 0
220 ,880
M ilw E l R y & L t . b ____ M ay
3 1 3 ,9 9 2
280 ,8 8 0
J an 1 t o M a y 3 1 _______ 1,5 0 2 ,3 6 1
1 ,3 5 5 ,9 1 8
M ilw L t H t & T r a c . b ___ M a y
57,941
5 0 ,0 9 9
J a n 1 t o M ay 3 1 _______
266 ,3 6 4
227 ,1 5 0
M o n tre a l S treet R y ____ M a y
295 ,9 5 2
2 64 ,252
O ct 1 t o M a y 3 1 _______ 2 ,1 6 9 ,6 3 5
1 ,9 0 6 ,1 9 0
N e w O rleans R y & L t - b - M a y
495 ,661
4 70 ,901
J a n 1 t o M ay 3 1 _______ 2 ,5 7 3 ,5 0 2
2 ,4 5 2 ,8 1 0
N o r fo lk & P o r t T r C o ___ Apr.
1 87 ,097
1 28 ,6 0 5
Jan 1 t o A p ril 3 0 _______
6 29 .0 1 4
4 9 5 ,3 7 8
N orth ern O h io T r <fc L t .M a y
1 5 8 ,2 8 8
1 40 ,2 3 3
Jan 1 t o M a y 3 1 _______
5 92 ,206
6 67 .0 1 5
O k la h o m a C ity R y C o . . M a y
1 5 ,857
2 2 ,2 0 9
8 9 ,747
Jan 1 t o M a y 3 1 _______
5 9 ,3 8 7
Peek sk lll L t & R R ______M ay
12,424
11,023
Jan 1 t o M a y 3 1 _______
50,757
59,311
P u get S ou n d E l R y . a ___ A p r
134,516
105,133
R io d e Jan T ra m L t & P . A p r
4 8 7 ,9 6 5
J an 1 t o A p ril 3 0 ............. 1 ,8 8 3 ,9 0 2
St J os R y L t H t & P o w C o M a y
67,896
6 8.001
Jan 1 t o M a y 3 1 _______
3 29 ,183
3 20 .396
183 ,713
S a o P a u lo T r a m L t & P .M c h
164 .7 5 4
J a n 1 t o M ch 3 1 _______
529 ,1 4 7
5 0 2 ,7 9 8
Sa v a n n a h E lec C o . a ____ A p r
46,913
4 9,8 7 2
1 83 ,469
Mfl Jai^ 1 t o A p r 3 0 _______
192,611
18,8 1 6
' S c h u y lk ill R y C o . a ______M ay
4 8 ,0 2 9
M ch 1 t o M a y 3 1 _______
S yra cu se R a p T r R y ____ M ay
102,889
87,573
Jan 1 t o M a y 3 1 _______
4 2 5 ,5 7 8
4 90 ,580
36,937
T a m p a E lec C o . a _______ A p r
42,383
T o le d o R y s & L i g h t . a .- M a y
173 ,9 9 0
167,847
7 84 ,391
J a n 1 t o M ay 3 1 _______
834,881
T w in C ity R a p T r C o . b - A p r
4 65 ,221
4 1 5 ,4 1 3
1 ,6 2 1 ,9 1 3
Jan 1 t o A p r il 3 0 _______ 1,8 2 1 ,1 6 2
U n ited R y s o f S t L . a ___ M ay
947 ,3 3 7
9 1 1 .6 7 3
Jan 1 t o M a y 3 1 ............. 4 ,3 2 6 ,4 2 2
4 ,0 5 0 ,5 5 8
W e s t C h ester (P a) S t R y .M a y
12,073
7,2 3 9
W h a tcom Co R y & L t Co a A p r
27,737
20,263
J an 1 t o A p r 3 1 _______
1 0 9 ,0 6 3
85,064

------- N et E a rn in g s-------C u rren t
P r e v io u s
Y ea r.
Y ea r.
54,543
544,221
6,863
31,9 2 7
111 ,739
1 ,417
2,7 9 4
4 ,1 0 0
1 4 ,795
14,179
4 4 ,4 0 4
23,761
6 3 ,0 0 0
5 6,0 2 3
176 ,9 8 9
8,121
3 0 ,0 5 4
28,174
1 05 ,805
6,617
23,751
c 2 1 3,2 5 5
C894.714
3 3,7 6 8
112,667
83,453
365 ,552
6,663
30.165
4 0 ,4 4 7
177 ,214
9 ,0 4 0
3 6 ,2 3 9
136 ,4 3 5

4 6 ,8 0 3
4 7 7 ,3 1 7
9,550
3 4 ,845
1 12 ,637
1,6 7 7
2 ,1 5 4
5 ,1 8 7
23,2 5 1
8 ,3 8 0
18,3 8 8
2 0 ,2 3 0
5 8 ,8 7 5
4 3 ,3 6 8
1 3 0 ,7 7 9
6,084
23,7 3 7
2 4 ,0 1 7
8 8 ,8 3 7

188 ,5 8 0
8 50 ,236
3 0,3 3 9
96,165
80,161
3 5 7 ,2 7 0
1 1 ,3 5 7
3 8 ,4 1 6
3 1 ,480
148 ,432
7 ,5 0 7
2 1 ,9 4 8
117 ,5 4 9

12,947
11,653
52,101
45,2 7 5
7,2 2 4
6 ,3 1 9
16,593
1 2 ,3 0 5
18,2 5 6
1 6 ,3 6 2
6 8 ,9 7 9
5 4 ,5 8 4
125 ,1 2 0
9 9 ,4 4 0
600 ,424
4 8 1 ,8 3 6
3 ,4 9 9
3,713
5 7 ,1 5 8 J
5 0 ,1 5 0
10,367
1 0 ,1 7 2
4 3 ,742
3 7 ,7 4 4
2 2 1 ,0 2 9
2 08 ,385
2 ,8 1 5 ,6 4 4
2 ,6 6 6 ,3 6 9
15,8 3 3
15,630
65,6 5 6
5 0 ,7 9 6
4 0 ,2 5 0
3 3 ,8 5 2
115 ,2 5 0
106,541
155 ,3 0 3
127 ,4 5 2
7 2 1 ,8 5 6
662 ,1 0 7
32,201
28,031
138 ,0 1 8
1 28 ,565
125 ,456
1 1 5 ,1 7 8
7 5 9 ,0 6 8
6 91 ,832
223 ,726
209 ,8 5 4
1 ,2 8 1 ,0 0 7
1 ,1 7 3 ,6 6 2
6 9,9 0 5
44,511
217,851
1 73 ,8 7 9
64,087
5 4,8 7 0
2 04 ,272
2 54 ,419
7,1 1 0
7,4 3 4
2 7 ,822
2 4 ,028
4,863
4 ,7 9 8
23,587
2 1 ,8 3 8
47,685
3 5 ,3 0 5
1 49 ,978
6 0 2 ,1 6 5
32,616
32,815
1 52 ,425
152 ,616
125 .1 3 4
107,661
3 5 8 .1 3 4
3 3 2 ,4 4 0
16,161
1 9 ,8 9 0
62,783
7 0 ,6 7 9
1 0 ,3 3 3
__________
2 1 ,8 9 8
4 2,2 8 0
3 6 ,9 6 4
2 12 ,714
1 8 1 ,3 7 9
9,930
13,239
67,3 5 8
7 3 ,992
3 4 4 ,7 4 9
363 ,8 9 7
2 47 ,132
2 18 ,256
9 0 8 ,7 7 6
8 32 ,338
3 2 5 ,2 8 9
3 5 3 ,1 6 9
1 ,3 9 8 ,7 4 0
1 ,4 8 4 ,0 1 0
7 ,3 7 2
3,375
1 0,896
5 ,8 9 0
44,441
2 3 ,6 0 8

a N e t ea rn in gs here g iv e n are a fte r d e d u c t in g ta x e s ,
b N et ea rn in gs here g iv e n are b e fo r e d e d u c t in g ta x e s ,
c In c lu d e s ea rn in gs o f D e tr o it M on roe & T o le d o R y . In 1907.

Interest Charges and Surplus.— The follow ing S T R E E T
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 these charges:
— I n t ., R en tals, & o .—
C u rren t
P r e v io u s
Y ear.
Y ea r.
R onds.
*
$ W
2 6 ,414
24,939
A u ro r a E lgin & C h ic a g o .M a y
291,311
2 6 9 ,0 7 9
J u ly 1 t o M ay 3 1 -----------




— B a l. o f N e t E ’ n g s.—
C u rren t
P r e v io u s
Y ear.
Y ear.
5
$
2 8 ,1 2 9
21,864
2 5 2 ,9 1 0
208 ,2 3 8

[V o l.
— I n t ., R en tals, & c .—
C u rren t
P rev io u s
Y ea r.
Y ea r.
5
S

R oads.
B in g h a m to n R y __________A p r
Jan 1 t o A p ril 3 0 _______
J u ly 1 t o A p ril 3 0 _______
B r o c k & P ly m S t R y ____ A p r
Jan 1 t o A p ril 3 0 _______
Cape B re to n E lec C o ____ A p r
Jan 1 t o A p til 3 0 _______
C h arleston C ons R y C o -M a y
M ch 1 t o M a y 3 1 _______
C lev e P a in e s v & E a s t ___ A p r
Jan 1 t o A p ril 3 0 _______
D e tr o it J a ck so n & C h ic . M ay
F e b 1 t o M a y 3 1 _______
D e tr o it U n ite d R y ______M ay
Jan 1 t o M a y 3 1 _______

l x x x iy .

— B a l. o f N et E ’ n gs.—
C u rren t
P rev iou s
Y ea r. Y ea r.
5
$

8,1 2 7
3 2 ,3 0 9
78,5 9 5
1,811
7 ,1 5 7
4,2 4 9
16,999
13,516
4 0 ,5 5 0
7,2 1 3
28,851
15,0 1 2
60,050
c ll3 ,8 9 7
c5 6 2 ,0 3 5

7,3 6 2
d e f l ,264
29,544
def382
72 ,935
33,1 4 4
1,851
def394
7,323
d e f4 ,3 6 3
4,376
d e fl4 9
17,524
d e f2 ,2 0 4
12,967
10,245
38,901
22,450
6,789
908
26,9 8 8
1,203
________
x d e f8 ,2 3 9
________ X d ef3 5 ,6 8 2
C104.229
105 ,478
C355.352
4 4 9 ,4 4 6

2 ,1 8 8
5,2 9 9
3 9 ,7 0 2
d e f l 74
d e f5 ,1 6 9
811
5,727
7,2 6 3
19,974
d e f7 0 5
d e f 3 ,251

D u lu th S treet R y ____ ’- . A p r
17,645
J an 1 t o A p ril 3 0 _______
7 0 ,3 6 6
E l P a s o E le c C o s ________ A p r
4.8 1 5
Jan 1 t o A p r 3 0 _______
18,512
G a lv e s to n E le c C o _______ A p r
4,167
Jan 1 t o A p ril 3 0 _______
16,668
H o n o lu lu R a p T r & L C o .A p r
6,393
Jan 1 t o A p ril 3 0 _______
25,5 7 5
H o u g h to n C o St R y ____ A p r
3,946
Jan 1 t o A p ril 3 0 _______
15,752
H o u s to n E le c C o ________ A p r
11,530
J an 1 t o A p r il 3 0 _______
38,144
J a c k s o n C on sol T r C o ___ A p r
2,966
M a y 1 t o A p r 3 0 _______
3 5 ,0 7 4
J a ck s o n v ille E le c C o ____ A p r
3,4 9 0
J a n 1 t o A p ril 3 0 _______
13,915
K a n C ity R y & L t C o ___ M a y
151 ,980
Ju n e 1 t o M a y 3 1 _______ 1 ,7 6 5 ,8 7 0
M o n tre a l S tre e t R y ______M ay
49,6 3 2
O ct 1 t o M a y 3 1 _______
3 3 3 ,8 2 9
N e w O rleans R y & L t . - M a y
1 6 4 ,6 9 9
Jan 1 t o M a y 3 1 _______
831 ,4 0 2
N o rth O h io T r a c & L t - . M a y
4 2 ,7 5 4
J an 1 t o M a y 3 1 _______
209 ,1 8 5
P u g e t S o u n d E l R y ______A p r
29.841
R i o d e Jan T r a m L t & P . - A p r
104 ,166
S a v a n n a h E le c t C o ______A p r
11.828
Jan 1 t o A p r 3 0 _______
46,625
S c h u y lk ill R y C o —
M ch 1 t o M a y 3 1 _______
17,125
S y ra cu se R a p T r R y ____ M ay
25,201
Jan 1 t o M a y 3 1 _______
125,577
T a m p a E le c t C o ________ A p r
766
4 7 ,3 9 7
T o le d o R y s & L ig h t C o .M a y
229,111
Jan 1 t o M a y 3 1 _______
115 ,2 5 8
T w in C ity R a p T ran C o .A p r
46 1 ,0 3 3
J an 1 t o A p r il 3 0 _______
230,831
U n ite d R y s o f St L ______M ay
J a n 1 t o M ay 3 1 _______ 1,155,458
2,693
W e s t C h ester (P a) St R y M ay
6,284
W h a tcom Co R y & L t ..A p r
24,994
Jan 1 t o A p ril 3 0 _______

16,123
17,524
4 2,301
7 0 ,0 0 6
3,808
1,848
15,087
1 1,653
4,167
4,873
16,668
19,571
5,2 5 8
# 7 ,4 8 5
2 1 ,0 3 0
2:28,886
3.937
3 ,2 7 8
15,596
841
10,0 6 6
6,726
36,033
3 0 ,835
2,879
533
22,084
2 3,5 0 0
6,877
3.338
29,827
1 3,313
6 9 ,0 4 9
1 41 ,016
1 ,6 4 4 ,5 2 4
1 ,0 4 9 ,7 7 4
75,8 2 4
47,2 3 6
266 ,9 7 5
4 2 5 ,2 3 9
124 ,473
59,027
7 6 0 ,7 6 9
4 4 9 ,6 0 5
39,9 4 7
21,3 3 3
4 5,2 3 4
1 99 ,735
24,371 J
1 7 ,8 4 4
4 5 ,8 1 2
10,977
4 ,3 3 3
4 3 ,689
16,158

12,815
2 6 ,1 5 9
7,5 4 9
2 3,3 2 9
3 ,3 4 0
5 ,2 8 0
2:6,795
2:26,300
2,3 8 2
d e f3 ,2 9 1
6 ,2 9 6
18,551
834
1 6 ,6 5 0
6 ,8 3 4
24,431
6 7 ,3 6 fr
921 ,8 4 5
6 7 ,9 4 2
424 ,8 5 7
5 7,381
4 1 2 ,8 9 3
1 4 ,9 2 a
4 ,5 3 7
1 0 ,9 3 4

____

23,257
112,401
N il
4 2 ,2 4 3
211,451
1 09 ,708
4 3 8 ,8 3 3
231 .8 4 2
1 ,1 5 9 .0 6 8
2.558
3,759
15,325

4 ,7 7 3
1 1 7 ,2 6 2
1 8 7 ,5 3 9
9,164
19,961
115 ,6 3 8
131 ,872
4 4 7 ,7 4 3
94,458
243 ,2 8 2
4 ,6 7 9
4,6 1 2
19,447

8 6 ,2 0 4
368 ,881

...__

8 ,9 1 3
26 .9 9 0

..........
2:13,762
* 7 1 ,5 2 5
13,2 3 9
3 1 ,7 4 9
1 5 2 ,4 4 6
1 08 ,548
3 9 3 ,5 0 5
1 21 ,327
3 2 4 ,9 4 2
817
2,131
8 ,2 8 a

x A ft e r a llo w in g fo r o th e r in c o m e r e c e iv e d .
c In clu d e s e arn in g s o f D e tr o it M o n ro e & T o le d o R y . in 1907.

ANNUAL REPORTS.
Annual R eports.— The follow ing is an index to all annua
reports of steam railroads, street railways and miscellaneous
companies which were published in last week’s “ Chronicle.”
The other reports cited since the last editions of the “ R ailw ay
and Industrial” and “ Street R ailw ay” sections were show n
in the index last week.
R ailroads—
P a ge
In d u stria ls— (C on.)
B a ltim o re C h esapeake & A t l ___ 1302 |G eneral E le c t r ic ........ ........... 1 1 1 0 , 111S
D es M oin es & F o r t D o d g e . ...........1488 ! G o ttlie b -B a u e r n s c h m id t-S tr a u ss
B r e w in g ________________________ 1184
G ra n d R a p id s & I n d ia n a _______ 1050
G ra n d T r u n k R y . o f C a n a d a ___ 1049 In te rn a t. M erca n tile M a rin e -------1363
H u n tin g d o n & B r . T o p M tn .
In te rn a tio n a l N i c k e l .......................1303
R R . & C o a l________ _________ 1424 L a n sto n M o n o ty p e M a c h in e ___ 994
M arylan d D elaw are & V ir g in ia . 1303 M issouri & K a n sas T e le p h o n e ___ 1485
N . Y . N ew H a v e n & H a r tfo r d
I M on trea l L ig h t , H e a t & P o w e r . . 1425
(b a l. sh eet A p ril 3 0 ) __________ 1424 I N eb ra sk a T e l e p h o n e -------------------1485
P h ila . B a lt. & W a s h . .......................992
N ew E n g la n d T e le p h & T e le g ,h .l4 C 6
V a n d a lia R R ........................................1178 |N e w R iv e r C o ......................... 1483, 1490
W e s t Jersey & S e a sh o re ________ 1108 N e w Y o r k & N e w Je rse y T e l____ i4 8 6
W e s te rn N e w Y o r k & P e n n s y l’n ia l 108 iN e w Y o r k & P e n n . T e l. & T e l . .1 4 8 7
In d u stria ls—
N iag ara F alls P o w e r ------------------- 13154
A m a lg a m a te d C o p p e r -------1 36 3, 1425 ;O h lo F u el S u p p ly , C o lu m b u s ___ 1432
A m e r ic a n B e e t S u g a r ------------------- 1180 O w ens B o ttle M ach in e (b a la n ce
A m e r ic a n C a n ____________________ 994
sheet F e b . 2 8 ) --------------------------- 1305
A m e rica n L ig h t & T r a c t io n -------1303 P a cific M all S te a m s h ip .......... . . . 1 3 0 3
A m e r ic a n P n e u m a t. Ser ..1 1 8 1 . 1244 P a cific T e le p h o n e & T e l e g r a p h .. 1486
A m e rica n T e le p h o n e d : T e le gra p h
P e n n s y lv a n ia S t e e l-----------------------1111
(re p o rts o f s u b sid ia ry c o s . ) ___ 1483 P h ila d e lp h ia E le c t r ic -------------- .. 1 4 2 5
A n a c o n d a C o p p e r ---------------1181, 1243 P itts b u r g h & F a ir m o u n t F u e l. .1 3 0 6
B ell T e le p h o n e o f B u f f a l o _______ 1484 P itts b u r g h O il & G as--------- --------- 1057
B ell T e le p h o n e o f M is s o u r i ...........1483 P itts b u r g h P la te G la s s .......... ....... 1305
B ell T e le p h o n e o f P h ila d e lp h ia . .1 4 8 4 Sears R o e b u c k & C o .( o f f ’l s ta te .) 1246
B e th le h e m S te e l__________________1110 S o m e rse t C o a l.................... ...............1 3 0 5
B o s to n B e lt in g ___________________ 1365 S ou th ern N ew E n g la n d T e l e p h . .1 4 8 7
B u sh T e rm in a l ...................... ............1112 S ta n d a rd S c r e w .................................n g s
C en tral D ist. & P rin t. T e le g r a p h .1484 T e n n . C oa l, Iro n & R R . . . ______1178C h esapeak e & P o t o m a c T e le p h . 1485 U n . B o x B d & P a p . (b a l. sh eet) 994
C h ica g o E d is o n _________ ______ . .1 3 0 4 U n ite d C o p p e r ..................................1363
C h ica g o T e le p h o n e _______________ 1484 U n ite d G as I m p r o v e m e n t. 111 2, 1304
C lark sbu rg F u e l_________________ 1305 U n ite d S hoe M a c h in e r y __________1 4 8 a
C o lu m b u s & H o ck in g C oa l & I r ’ n l4 2 6 U n ite d S tates G y p s u m _________ 1365
C o m m o n w e a lth E le c t r ic ________ 1304 U . S. R e a lt y & I m p r o v e m e n t ___ 1180
C o n so lid a tio n C oal C o . o f M d . . l 3 0 5 U n ite d S ta te s R u b b e r .................... 124 4
C r o w ’s N e st P a ss C o a l___________ 1245 U . S. S m e lt., R e f . & M in .1125. 1243
C u m b erla n d T e le p h . & T e le g — 1485 1U n ite d S tates S teel C orp . (3 m o s .) 1050
D ia m o n d M a tch (c o m . r e p o r t ) . 1110 U n ite d S ta te s T e le p h o n e ________ 1186
E le c tr ic P r o p e r tie s (11 m o n t h s ) . 1426 W e s te rn U n io n T e le g r a p h !(p a r tly
F a ir m o u n t C o a l __________________1306 | e s t im a t e d ) ....................................... 143-4
G eneral A s p h a lt __________________1245 1

Des Moines & Fort Dodge RR.
(.Results for Year ending Dec. 31 1906.)
The results o f operation under the lease of the road to the
M inneapolis A St. Louis R R . compare as below:

O P E R A T IO N S A N D
1906.
1905.
E a rn in g s—
P a s s e n g e r _______. $163,279 $137,051
307,933
F r e i g h t ................... . 400 ,0 3 6
3 0 ,086
27,707
M ail, e x p ., & c . . .
3
l a .— 0 . R .I . & P .
O th er ren tals, Int­
erest a n d m iscel.

26,861
9,645

F IS C A L R E SU LT S.
E x p en ses—
1 90 6.
M a in t. o f w a y an d
s t r u c t u r e s ______$10 3,33 4
M a in t. o f e q u ip m 't 44,591
C o n d u c t ’ g t r a n s .. 187 ,175
G e n e r a l___________
17,685
10,139
35,7 9 6 R e n t .........................
3,206

1905.
$ 76 ,864
4 5 ,4 8 4
159,001
15,642
10,0 6 3

T o ta l e x p e n s e s .$3 6 2 ,9 2 4 $30 7 ,0 5 4

T o ta l e a r n in g s -$62 7,52 8 $ 5 1 4 ,0 7 2 1N e t e a rn in g s______$ 2 6 4,60 4 $ 2 0 7 ,0 1 8
D ed u ct—
T a x e s ............. . ...........................................- ..............- ........................$2 6 ,6 5 6
$19 ,872
In terest o n b o n d s ____________________________________________ 1 3 7 ,8 8 0
1 2 2 ,8 8 0
In te re st on c ertifica te s o f in d e b te d n e s s ------------------------------9 ,1 5 6
1 8 ,312
38,1 7 5
38,1 7 5
D iv . on p r e f. s t o c k „ ( 5 % ) _________________________________
T o ta l d e d u c t io n s _________________ _______________________ ‘$21 1 ,8 6 7 $ 1 9 9 ,2 3 9
Surplus fo r y e a r _____________________________________________ $52 ,7 3 7
$7,7 7 9
N o te .— T h ere w as e x p e n d e d fo r a d d itio n s an d im p r o v e m e n ts $65 ,0 7 3
In 1906 an d $57 ,384 in 1905.
G E N E R A L B A L A N C E S H E E T D E C . 31.
1906.
1906.
1905.
L ia b ilities —
$
A ssets —
$
$
C o m m o n s t o c k .,4 ,2 8 3 ,1 0 0
C ost o f roa d and
e q u i p m e n t ___ 8 ,4 2 3 ,8 0 0 8 ,4 2 3 ,8 0 0 P referred s t o c k . 7 6 3 ,5 0 0
57,384 First M . b o n d s . .3 ,0 7 2 ,0 0 0
I m p r o v e m e n ts -- 122,457
2d M . 5 % b d s . . 6 0 0 ,0 0 0
2 d M .b d s . in treas 215 ,0 0 0
4 6 ,5 0 0 C e rtf. o f I n d e b t - ________
B ills r e c e iv a b le .
4 2 ,5 0 0
Insur. & m is c e l.
2,0 0 9
F . H . D a v is , T re a 7 5 ,610
67,304 B a la n ce t o p r o fit
an d lo s s _______ 228 ,926
M .& S t .L . g e n .a c
70,1 6 8
10,506
E x p . 1st M . b d s .
_______
T o t a l ............-8 ,9 4 9 ,5 3 5 8,6 0 5 ,4 9 5
— V . 82. p . 1322.

1,283,100
7 6 3 ,5 0 0
!,0 7 2 ,0 0 0
305", 200
9,625
1 72 ,0 7 0

T o t a l__________8 ,9 4 9 ,5 3 5 8 ,6 0 5 ,4 9 5

A s sets—
n v e s tm e n t a c c t ., s to c k s ,
b o n d s , & c ., c o n tr o lle d
a n d leased c o m p a n ie s .$ 4 1 ,5 52,240
E x te n sio n an d im p r o v e ­
m e n t leased p ro p e rtie s 2 ,7 9 0 ,0 5 3
C a sh ____ _______ __________
411 ,3 6 4
A c c o u n t s r e c e iv a b le ______ 1 ,8 6 3 ,3 9 5
M aterials a n d su p p lies,
1 ,118,871
I n v e n t o r ie s ____________
A d v a n c e p a y m e n t s ______
74,544

L iabilities—
C a p ital s t o c k ____________ $12 ,5 0 0 ,0 0 0
P e rp e tu a l in t .-b e a r ’ g c t fs . 19 ,6 77,570
C ollateral gold n o t e s ____
7 ,2 50,000
C o n v e rtib le g o ld n o t e s ___
3 ,690,705
334 ,5 6 4
M ortg ages p a y a b le ----------4 9 ,0 0 0
Car tru st ce r tific a te s ____
D e p o s its (con su m ers a n d
253 ,839
e m p l o y e e s ) ____________
R e n t ’ls & ta x e s a c c ’ ued
1 ,3 31,147
b u t n o t d u e ____________
A c c o u n ts p a y a b le ----------1 ,7 35,819
R e se rv e s fo r c o n . lla b .,& c.
138 ,756
849 ,067
P r o fit a n d lo s s ___________

..................................
T o t a l $47,810,467|
— V . 83, p . 1229.

T o t a l ...................................$47 ,810 ,46 7

United States Cast Iron Pipe & Foundry Co.
(Report for Fiscal Year ending M ay 31 1907.)
President George B. Hayes says in substance:
T h e n et p ro fits are in e x ce ss o f th o se o f th e p r e c e d in g y e a r . T h is Is so ,
n o tw ith s ta n d in g th e fa c t th a t th e y e a r 1906 w as o u r b a n n e r y e a r , a n d th e
fu r th e r fa c t th a t d u rin g th e y e a r ju s t c lo se d th e re has b e e n a sh arp in crea se
In th e p rice o f la b o r an d also o f raw m a terial.
D u rin g th e y e a r th e c o m p a n y has b u ilt a n e w fo u n d r y a t C h a tta n o o g a ; a
c o m p le te n ew fo u n d r y a t S c o ttd a le , n ear P itts b u r g h , w h ic h w ill a b o u t
d o u b le th e c a p a c it y o f th a t p la n t in p ip e ; an d a large fo u n d r y a n d p o w e r
h ou se at B u rlin g to n .
T h e e x te n s io n s at th ese th ree p la n ts w ill resu lt in a
m a teria l Increase in th e m a n u fa c tu r in g c a p a c it y o f th e c o m p a n y , a n d also
in a r e d u c tio n o f th e c o s t o f m a n u fa c tu r e . A ll o f th e se e x p e n s iv e a d d itio n s
t o th e p la n t fa cilitie s h a v e be e n p a id fo r o u t o f earn in gs, a n d th e n e t p ro fits
sh ow n b y th e a c c o u n ts a t t h e en d o f th e fiscal y e a r are m a d e a fte r d e d u ctin g
th e c o s t o f th ose e x te n s io n s .
In a d d itio n t o th e e x p e n d itu r e fo r th e fo r e ­
g o in g p u rp o s e s , all o f th e p la n ts h a v e been k e p t In first-class c o n d it io n .
T h is la tte r c o s t has been ch a rg e d as a p a rt o f c o s t o f m a n u fa c tu r e .
N o tw ith s ta n d in g th e Increase in m a n u fa c tu r in g c a p a c it y , th e p la n t a c ­
c o u n t rem ain s th e sam e.
Y o u r d ire cto rs h a v e th u s a v o id e d ca p ita liz in g
d isb u rsem en ts, w h ich w o u ld be p r o p e r ly ch a rg e a b le t o p la n t a c c o u n t .
T h e c o m p a n y has n o t b o r r o w e d a do lla r fo r th e p a s t th re e y e a r s .
I t has
am p le w o rk in g ca p ita l t o fin a n ce all o f Its n e ce ssitie s.
It o w e s n o m o n e y
o f a n y k in d e x c e p t fo r cu rre n t a c c o u n ts .
W e m a k e n o p r e d ic tio n fo r th e
fu tu r e , b u t feel assured th a t, w ith o u r Increased c a p a c it y an d th e h a r­
m o n io u s c o o p e r a tio n o f e m p lo y e e s an d m a n a g e m e n t, th a t th e c o m p a n y Is In
b e tte r c o n d it io n t o -d a y th a n it has been sin ce its o r g a n iz a tio n .
R E SU LT S FO R F IS C A L Y E A R .
1 90 6-0 7.
1905-06.
190 4 -0 5 .
M a n u fa ctu rin g i n c o m e . . $ 1 ,9 7 8 ,4 9 0
$ 1 ,938,601 \
O th er i n c o m e ........ ............
133 ,561
114.607J
T o ta l in c o m e __________$2,1 1 2 ,0 5 1
$ 2 ,0 5 3 ,2 0 8
D ed u ct—
In terest o n b o n d s _______
$90 ,000
$90 ,000
R e s e r v e fo r lm p r o v e m ’ ts
197,000
195,000
R e s ’ v e fo r d o u b t f ’l a c c ts .
1 2 ,000
__
12,000_
D iv . o n p re f. s t o c k ____ (7 % )8 7 5 ,0 0 0 (7 % )8 7 5 ,0 0 0
D iv . o n c o m m o n s t o c k . (4 % )5 0 0 ,0 0 0 (4 % )5 0 0 ,0 0 0
T o ta l d e d u c t io n s .......... $ 1 ,6 7 4 ,0 0 0
S urplus fo r y e a r ________
$43 8,05 1

No
o ffic ia l
figu res
o b ta in a b le .

*19 0 3 -0 4 .
$ 1 ,3 0 3 ,8 1 0
$ 1 ,3 0 3 ,8 1 0
$71 ,640
119 ,0 0 0
6 ,0 0 0
(4 % ) 5 0 0 ,0 0 0

$ 1 ,6 7 2 ,0 0 0
$38 1,20 8

$ 6 9 6,64 0
$ 6 0 7,17 0

*T h e figu res fo r 1903-04 are Inserted b y us fro m t h e an n u a l r e p o r t o f
t h a t y e a r , th e c o m p a n y re fu sin g t o co n firm th e c o rre ctn e s s o f th e c o m p a r i­
s on w ith th o s e o f la te r y e a rs as a b o v e g iv e n .
N o te .— T h e su rplu s fo r th e y e a r as a b o v e w as $ 4 3 8 ,0 5 1 ; th e a cc u m u la te d
su rp lu s M ay 31 1906 w as $ 5 0 6 ,2 0 8 ; m a k in g a to t a l o f $ 9 4 4 ,2 5 9 ; fr o m th is
th ere w as reserved fo r a d d itio n a l w o rk in g c a p ita l $ 1 6 2,45 8 an d fo r im p r o v e ­
m en ts $ 1 5 0 ,0 0 0 , le a v in g a to t a l p r o fit an d loss surplus o n M ay 31 1907 o f
$ 6 3 1 ,8 0 1 , as p er b a la n c e sh e e t.
B A L A N C E SH EE T M A Y 31.
1907.
1906.
|
1907.
1906.
Assets—
$
$
Liabilities—
$
S
Plant investment.24 ,078,735 24,086,7351Pref stk.ou tstan d.12 ,50 0,000 12.500.000
Treasury s t o c k ___
347,555
347,555 ICom .stk.outstand. 12,500,000 12.500.000
Sinking fund_____ 1
IA m . Pipe & FounI*
Bonds Am er. Pipe ^ 588,814
501.487! dry Co. b o n d s .. 1,500,000 1,500,000
& Foundry C o . . J
|Bills & accts. p a y . 1,505,811
797,928
C a sh ............- ...........
575,455
834,5771Reserve for add’ns
Raw and manufac­
I to w ork 'gcapital 2,459,897 2,297,439
tured m aterial.. 2 ,066,320 1,942,5031Improvements . . .
23,507
285,419
Accounts receiv­
IReserve for doubtable ___________ 3 ,583,965 2,781,4971 ful accounts____
19,827
7,360
|Insurance reserve.
100,000
100.000
IS u rp lu s ..................
631,801
506,208
T o t a l .................. 31,240,844 30,494,3541
- V . 84, p. 1373.

c o m p le t e d 3 y e a r s a g o fo r b u ild in g a ll-ste e l p a sse n g e r c a r s , o n w h ic h s t y le
o f c a r y o u r c o m p a n y e n jo y s v a lu a b le p a t e n t s , h a v in g b e e n th e p io n e e r in
t h a t bu sin ess.
T h e re has b e e n n o tim e d u r in g t h e p a s t y e a r t h a t th e c o m p a n y c o u ld n o t
h a v e m a d e d e liv e r y o f a large n u m b e r o f cars o f a n y class o r d e s c r ip tio n
w ith in th ree m o n th s fr o m th e d a te o f o r d e r , p r o v id e d it h ad b e e n p o s s ib le
t o secu re m a te ria l In tim e fo r its re q u ire m e n ts.
T h e resu lt has b e e n t h a t ,
a lth o u g h th e o u t p u t has b e e n in crea sed o v e r 30 % fr o m th e p r e v io u s y e a r ,
th e re is n o d o u b t w h a te v e r th a t w e c o u ld h a v e c o n s tr u c te d a t least 25 %.
m o r e cars if th e se c o n d itio n s h a d n o t p r e v a ile d .
A lt h o u g h , a t th e c lo s e o f o u r bu sin e ss y e a r , t h e a m o u n t o f w o r k o n o u r
b o o k s e x c e e d e d th a t o f a n y p r e v io u s y e a r , w e a r e n o w in e x c e lle n t p o s it io n ,
th r o u g h th e in crea sed c a p a c it y o f so m e o f o u r p la n ts , t o m a k e d e liv e r y o f
a g o o d ly n u m b e r o f cars y e t th is y e a r .
T h e business c o n d itio n s are satis­
fa c to r y .
O P E R A T IO N S A N D F IS C A L R E S U L T S .
O utput, E t c .—
190 7.
1906.
F r e ig h t cars ( w o o d ) ________________
4 6 ,3 7 6
38,2 3 9 I n c .
8,1 3 7
F re ig h t cars (s te e l)________________
4 7 ,4 8 5
• 34,518 I n c .
1 2 ,967
P a ssen ger cars ( w o o d ) ____________
697
564 I n c .
133
P a ssen g er cars (s te e l)______________
329
219 I n c .
110
T o t a l a ll cars c o n s t r u c te d __________
9 4 ,887
7 3 ,5 4 0 I n c .
2 1 ,347
N o . c a r w h e e ls ______________________1 ,0 0 5 ,4 8 6
940,551 I n c .
64,935
T o n s ca st iro n p i p e ________________
2 0 ,500
2 0 ,763 D e c .
263
T o n s g r a y c a s tin g s __________________
76,0 7 3
64,8 6 4 I n c .
1 1 ,2 0 9
T o n s b a r ir o n ________________ ______
220 256
2 0 7 ,6 1 2 I n c .
12,6 4 4
T o n s p ig ir o n _______________________
18,858
22,0 0 0 D e c.
3,1 4 2
T o ta l gross b u sin ess____________ $ 1 0 0 ,0 0 6 ,2 9 6 $ 6 9 ,0 4 0 ,6 3 8 I n c . $ 3 0 ,9 6 5 ,6 5 8
Cars u n d e r c o n t r a c t M a y 1 ____
7 2 ,7 8 3
71,3 6 9 I n c .
1,4 1 4
1 90 6-0 7.
E a rn in g s fr o m all s o u r c e s $ ll ,1 1 5 ,0 8 8
R e n e w a ls , re p a irs, & c . .
1 ,7 6 8 ,0 0 4

1 90 5-0 6.
$ 5 ,6 4 8 ,5 5 3
1 ,4 9 0 ,1 0 3

1 90 4-0 5.
$ 3 ,7 5 4 ,2 7 4
818 ,7 8 9

1 90 3-0 4.
$ 5 ,5 8 5 ,8 7 9
905 ,767

$ 4 ,1 5 8 ,4 5 0
$ 2 ,9 3 5 ,4 8 5
$ 4 ,6 8 0 ,1 1 2
N e t e a rn in g s ..................$ 9 ,3 4 7 ,0 8 4
N e w c o n s t r ’n ch a rg e d o ff
557 ,5 4 8
3 5 0 ,7 9 0
3 0 7 ,3 6 7
183 ,249
A p p r o p r ’n fo r in s. re s ’ v e
6 5 0 ,0 0 0
__________
__________
__________
N e t in c o m e ___________ $ 8 ,1 3 9 ,5 3 6
$ 3 ,8 0 7 ,6 6 0
$ 2 ,6 2 8 ,1 1 8
$ 4 ,4 9 6 ,8 6 3
* D iv id e n d s o n p r e f____
2 ,1 0 0 ,0 0 0
2 ,4 5 0 ,0 0 0
2 ,1 0 0 ,0 0 0
2 ,1 0 0 ,0 0 0
a: D iv id e n d s o n c o m m o n
6 0 0 ,0 0 0
__________
__________
9 0 0 ,0 0 0

Public Service Corporation of New Jersey.
(Balance Sheet A pril 30 1907.)

T otal................... 31,240,844 30,494,354

American Car & Foundry Co.
(Report for the Year Ending A pril 30 1907.
President F. H. Eaton says:
T h e p rin c ip a l e x p e n d itu r e fo r th e y e a r has be e n th e b u ild in g a n d c o m ­
p le tio n o f th e steel ca r p la n t a t S t. L o u is , w h ich Is n o w in o p e r a tio n .
T h is
is th e six th steel c a r p la n t t h a t th e c o m p a n y n o w h as, th e first h a v in g b e e n
c o n s t r u c te d a b o u t fiv e y e a r s a g o , a n d d o e s n o t in clu d e th e p la n t t h a t w as




1549

THE CHRONICLE.

J u n e 29 1907.]

$ 1 ,3 5 7 ,6 6 0
B a la n ce , s u rp lu s ______$ 5 ,4 3 9 ,5 3 6
1 2 ,7 5 5 ,4 3 4
P r e v io u s s u r p lu s .............. 1 4 ,1 1 3 ,0 9 4

$52 8 ,1 1 8
$ 1 ,4 9 6 ,8 6 3
1 2 ,2 2 7 ,3 1 6
1 0 ,7 3 0 ,4 5 4

T o t a l s u rp lu s .................. $ 1 9 ,5 5 2 ,6 3 0 $ 1 4 ,1 1 3 ,0 9 4 $ 1 2 ,7 5 5 ,4 3 4 $ 1 2 ,2 2 7 ,3 1 7
1= In 1 9 0 6 -0 7 , 7 % ; in 19 0 5 -0 6 , 8 1-6 (in clu d e s 1 1-6 % p a id J u ly 1 1905 “ t o
b r in g d iv id e n d p e rio d s a n d q u a rte r ly re p o r ts in c o n fo r m it y w ith fisca ljyea r" ) ;
In 190 4 -0 5 , 7 % ; in 1 90 3-0 4, 7 % .
x In 190 6 -0 7 , 2 % ; In 1 90 3-0 4, 3 % .
B A L A N C E SH E E T O F A P R IL 30.
1907.
1906.
1907.
1906.
Assets—
$
$
| Liabilities—
$
$* —
Cost of properties ar62,551,510 59,371,9791Preferred s t o c k ..30,0 0 0 ,0 0 0 30,000,000
Material on hand.. 19,002,795 19,154,1181Common stock ___30,000,000 30,000,000
A cc’ts r e ce iv a b le .. 18,464,543 12,658,7991Audited vouchers.21,827,011 19,219,970
706,852
593,366
Stocks and bonds
|Pay-rolls_________
o f other cos____
844,338 1,280,8881 Insur. reserve____
774,002
_________
Cash on hand and
[Reserve paym ent
In bank................ 3,322,309 1,985,6461
W ilm 'g t’n plant
500,000
________
|Div. pay. July 2 . .
825,000
525,000
ISurplus a c c o u n t.. 19,552,630 14,113,094
T o t a l ................ 104,185,495 94,451,4301 T o t a l .................304,185,495 94,451.430

-------

' s.!

a: Includes cost o f properties, plants, & c., to April 30 1906, $59,371,979; new
steel plant at St. Louis, M o.; extensions to other plants and additional real estate,
$2,929,531; amount reserved for balance on plant at W ilm ington, D el., $250,000.

The “ working capital” has been increased since the organ­
ization of the com pany from $5,357,902 to $17,001,120.
The Audit Co. of New Y ork appends its certificate to the
report.

GENERAL IN VESTM ENT N EW S.
RAILROADS, INCLUDING STREET ROADS.
American Railways Co., Philadelphia.— Bonds Offered.—
A syndicate com posed of Newburger, Henderson & Loeb,
E. C. Miller & Co. and Bioren & Co., all of Philadelphia, this
week offered for public subscription, at 93 and interest, a
block of $600,000 collateral trust 5 % gold bonds, part of the
total authorized issue of $2,500,000 described in our issue of
June 8 (p. 1365). An advertisement states that the net
earnings applicable to dividends on the stocks pledged to
secure these bonds, for the twelve months ending March 31
1907, were $222,502, or nearly double the interest charges
on the entire loan.
Earnings of American Railways Co.— For years ending
June 30 (June 1907 partly estim ated):
F is c a l
G ross,
N et In c o m e
C h arges,
D iv id en d
B a la n ce,
Y ear—
Sub C o s.
A m er. R ys.
T a x es, & c.
(6 % ).
S u rp lu s.
$60 1 ,5 7 0
$ 2 1 7,34 3
$ 3 0 5 ,7 0 0
$78 ,5 2 7
1 9 0 6 -0 7 -------$ 2 ,8 5 0 ,0 0 0
486 ,711
1 41 ,482
251 ,3 8 5
9 3 ,844
1 9 0 5 -0 6 ------- 2 ,0 9 9 ,8 1 6
T h e in crea se in gross ea rn in gs o f th e s u b sid ia ry c o m p a n ie s Is c h ie fly d u e
t o th e a c q u is itio n o f th e S cra n to n R y . , 1906-07 b e in g th e first y e a r re fle c tin g
th e b e n e fit o f th e o p e r a tio n o f th e S c r a n to n p r o p e r tie s .— V . 84, p . 1365.

Atchison Topeka & Santa Fe R y .— Eastern Oklahoma
Ry. Takes Title to Denver Enid & Gulf.— The Denver Enid
& Gulf R R ., whose stock and bonds were acquired last year
(V . 82, p. 99; Y . 83, p. 569), has been transferred b y deed
to the Eastern Oklahoma Railw ay Co., which operates prac­
tically all of the system in Oklahoma except the main line.
— V . 84, p. 1112, 1051.
Bangor & Aroostook R R .— New Stock.— The Maine Rail­
road Commission has authorized the com pany to increase its
capital stock to the extent of $792,000, nam ely, from $1,550,000 to $2,343,000, for the following purposes:
T o p u rch a se th e ca p ita l s t o c k o f th e N o rth e rn M aine S e a p o rt R R . C o .,
$ 4 2 0 ,0 0 0 , an d th e ca p ita l s t o c k o f th e S c h o o d ic S te a m R a ilr o a d C o ., $ 7 2 ,000, a n d fo r p e rm a n e n t im p ro v e m e n ts an d p a y in g flo a tin g d e b t o f th e
B a n g o r & A r o o s t o o k , $ 3 0 0 ,0 0 0 .— V . 84, p . 692 , 157 .

Belt RR. & Stock Yards of Indianapolis.— Extra Dividend
Increased.— This com pany has declared the usual semi­
annual dividend of 3 % on its $1,000,000 com m on stock and
also an extra distribution on said stock of 3 % , both payable
July 1 along with the quarterly \y2% on the $500,000 pre­
ferred stock.
D ivid en d s on C om m on S tock.
1898 t o ’ 0 2 . 190 3.
1 90 4.
1905.
R e g u l a r .................. 5 % y e a r ly . 5 H %
7%
6%
E x t r a ____________
N one.
Jan.,1 %
____
O c t .,2 %
— V . 81, p . 1099.

190 6.
1907.
6%
6%
J u ly ,2 % /J a n . 2 %
1J u ly3 %

1550

•

THE CHRONICLE

Brooklyn Rapid Transit Co.— Mortgages -for Controlled
Properties per P lan .— The Nassau Electric R R . and the Brook
lyn Union Elevated R R . have filed 10-year mortgages to the
Central Trust Company of New Y ork , as trustee, to sacure
certificates of indebtedness to the aggregate amounts of
$5,000,000 and $20,000,000, respectively; these certificates
to be issued from time to time to the parent com pany in re­
turn for cash advances made and to be made on account of
additions, im provem ents and equipm ent, agreeably with the
official statement cited in the “ Chronicle” of May 25, p. 1246.
New Stock for Subsidiary.— The South Brooklyn R y . Co.,
which owns the double-tracked road, 1
miles in length,
extending from New Y ork Bay near 38th St., Brooklyn, on
its own property, to 38th St. near 9th A ve., has filed a cer­
tificate of increase of capital stock from $150,000 to $500,000.
— V. 84, p. 1246, 1181.
Buffalo & Susquehanna R y.— Lease Filed.— The lease of
the Buffalo & Susquehanna R R . Co. to the Buffalo & Sus­
quehanna Railway Co. was filed with the Secretary of State
at Albany on June 28, the rental named being a guaranty of
interest on the bonds of the Railroad .Company and also a
guaranty of 4 % dividends on the preferred stock of that
com pany. The interest is also guaranteed on the bonds of
the subsidiary lines of the Railroad Com pany.— Y . 84, p.
1303, 270.
Central of Georgia R y.— Sale of Stock.— It was announced
on W ednesday that the com pany's $5,000,000 capital stock
held b y the reorganization committee of the Richm ond
Terminal Co. since 1896 had been sold to Oakleigh Thorne
and Marsden J. Perry. The official statement says:
A d ria n H . J olln e, C h airm an o f th e R ic h m o n d T erm in al R e o r g a n iz a tio n
C o m m itte e , a n n ou n ces th a t th e c o m m itte e has so ld t o O akleigh T h o rn e
a n d M arsden J . P e r r y all th e c a p ita l s t o c k o f the C en tral o f G eorg ia R y . C o .,
o w n e d b y said c o m m it t e e , a n d w h ich w as r e c e iv e d b y th e c o m m itte e in
189 4-9 5 u p o n th e co n su m m a tio n o f th e R ic h m o n d T e rm in a l re o rg a n iz a tio n
a n d a fte r th e r e o rg a n iz a tio n o f th e G eorgia C en tral R R . & B a n k in g C o.
T h e n et p r o c e e d s o f th e sale are t o b e p a id o v e r t o th e S o u th e rn R y . C o .,
w h ic h , as s ta ted in th e te s t im o n y g iv e n in 1899 b y P re sid e n t S p e n ce r, an d
n o w on file at M a c o n , w as e n title d t o th e fin a n cial be n e fit o f a n y sale o f th e
s t o c k , th o u g h it d id n o t assum e t o c o n tr o l th e ra ilr o a d . A s p a rt o f th eir
p u r c h a s e , M essrs. T h o m e a n d P e rry h a v e d e cla re d th eir p u rp o s e t o o p e ra te
a n d d e v e lo p th is sy s te m as an In d e p e n d e n t sy ste m f o r th e ben efit o f its
s to c k h o ld e r s, a n d t h e y w ill a c c o r d in g ly h o ld at least 6 0 % o f th e s to c k fo r
a t least t w o y e a rs .

[V o l .

(1) B u rlin g to n & M issouri R iv e r R R . C o . in N e b ra s k a ,
c o n s o lid a te d m o r tg a g e b o n d s d a te d 1 87 8, d u e J u ly 1 191 8,
$ 1 ,0 0 0 b o n d s a n d 8 2 2 ,4 0 0 in $600 b o n d s.
(2) R e p u b lic a n V a lle y R R . 6 % b o n d s d a te d J u ly 1 1879,
v iz .: $ 2 4 ,0 0 0 in b o n d s fo r $ 1 ,0 0 0 e a ch a n d $6,6 0 0 in b o n d s
V . 8 4 , p . 124 7, 219.

l x x x iv

.

n o n -e x e m p t 6 %
v iz .: $ 1 9 5,00 0 in
d u e J u ly 1 191 9,
fo r $600 e a c h .—

Chicago City Ry.— Bonds Offered.— N. W . Harris & C o.,
New Y o rk and Boston, and the First Trust & Savings Bank
and the Harris Trust & Savings Bank, both of Chicago, are
offering at 98 and interest, b y advertisement on another page,
$6,000,000 first mortgage 5 % gold bonds of $1,000 each,
dated July 1 1907 and due Feb. 1 1927, bu t optional at 110
and interest on or before Aug. 1 1912, bu t not thereafter, if
called for paym ent by the com pany. (Under the Chicago
city ordinance, if the city purchases the property it has the
right to redeem the bonds before m aturity.) Interest pay­
able Feb. 1 and Aug. 1 in Chicago. The First Trust & Sav­
ings Bank, Chicago, is trustee.
The financial statement of July 1 1907 shows: Capital
stock outstanding, $18,000,000; bonds certified b y trustee,
$8,000,000; less bonds held in treasury, $2,00Q,000; bonds
now offered, $6,000,000.
The following is the essence of a letter written b y President
Mitten under date of June 25:
T h e tru s t d eed se cu rin g th e b o n d s p r o v id e s th a t th e ir en tire p r o c e e d s
m u st be used t o p a y th e p resen t flo a tin g d e b t an d fo r fu tu re im p ro v e m e n ts
an d e x te n sio n s t o th e p la n t, th e o rd in a n ce o f F e b . 11 1907 p r o v id in g fo r
th e e le ctr ific a tio n o f th e ca b le s y s te m , a n d a co m p r e h e n s iv e r e c o n s tru ctio n ,
im p ro v e m e n t and e x te n s io n o f th e s y s te m . T h e sy ste m c o v e r s w h a t is
k n o w n as th e S o u th Side o f th e c it y , e x te n d in g fro m th e ce n tre o f th e
bu sin ess d is tric t so u th t o 7 9 th S t. an d b e tw e e n th e S o u th B ra n ch o f th e
C h ica g o R iv e r an d th e L a k e , th e p resen t m ileage c o n s istin g o f 243 m iles o f
sin gle tr a c k .
T h ese b o n d s are se cu re d b y first m o r tg a g e o n all p r o p e r t y n o w o w n e d o r
he re a fte r a cq u ire d a n d th e ir se c u r ity is atte ste d b y th e c it y o f C h ica g o in its
ag reem en t u n d e r th e a fo re s a id o r d in a n c e , w h ic h p ro v id e s th a t If th e p r o p ­
e r t y b e p u rch a se d b y th e c it y , th e p resen t v a lu e shall be c o n s id e re d $ 2 1 ,0 0 0 ,0 0 0 , a n d that, w h a te v e r a m o u n t Is e x p e n d e d f o r r e h a b ilita tio n , & c .,
shall b e a d d e d t o said p resen t v a lu e , a n d su ch a m o u n t o f b o n d s as has b een
Issued fo r su ch p u rp o se s shall be ca lle d fo r p a y m e n t at p a r an d Interest
(see a b o v e ) . T h e c it y fu r th e r agrees in th e sam e o rd in a n c e , g r a n tin g th is
co m p a n y a 2 0 -y e a r fra n ch ise fro m F e b . 1 190 7, th a t at its e x p ir a tio n a n y
n e w fra n ch ise t o o p e r a te street ra ilw a y s in th e d is tric t o c c u p ie d shall p r o ­
v id e fo r th e p u rch ase o f th e p r o p e r t y o n th e sam e te rm s as th e c it y c o u ld
th e n p u rch a se .
T h e c o m p a n y has p a id d iv id e n d s c o n s e c u tiv e ly sin ce 187 0, an d Its
fo rm e r issue o f b o n d s w as p a id o il in cash o n J u ly 1 190 1.
R esults fo r Y e a r ending D e c . 31 1906.
G ross e a r n in g s ________________________________________________________$ 7 ,8 7 1 ,1 2 6
O p e ra tin g e x p e n s e s , t a x e s a n d d e p r e c ia tio n _______________________ 6 ,1 4 6 ,3 0 4

The purchasers agree that in case of a re-sale of the stock
N et ea rn in gs (a p p lica b le t o p a y m e n t o f b o n d In te re s t)________ $ 1 ,7 2 4 ,8 2 2
within the next tw o years, they will retain voting control
A n n u a l Interest o n b o n d s o u ts ta n d in g as a b o v e , $ 3 0 0 ,0 0 0 .
for that period on at least 60 % of the issue. It is denied
U n d e r th e a fo re sa id o r d in a n c e th e c o m p a n y Is e n title d t o ch arge a stra igh t
that any plans exist to turn the property ov er to R ock Island- 5 -ce n t fa re , w it h u n iv e rsa l tra n sfe rs, and w hile p ro v is io n Is m a d e fo r a
h a n d s o m e c o m p e n s a tio n t o th e c it y , th is co m p e n s a tio n is p a y a b le o n ly o u t
Frisco interests.
o f su rplu s earn in gs a fte r p r o v id in g fo r o p e r a tin g e x p e n se s In clu d in g a m p le
New Directors.— Oakleigh Thorne, Marsden J. Perry and ch a rg e s fo r m a in te n a n ce , d e p r e c ia tio n , an d 5 % u p o n th e v a lu a tio n a t
th e p r o p e r t y m a y b e p u rch a se d b y th e c it y fo r m u n icip a l o p e r a ­
W m . F. Sheehan have been elected directors, and also been twiohnich
, as a b o v e s ta te d .
O f th e su rplu s earn in gs so re m a in in g th e c it y r e ­
made members of the Executive Committee. Charles Steele, ce iv e s 55 % an d th e c o m p a n y 45 % , th e c it y r e se rv in g th e rig h t t o re ce iv e
c o m p e n s a tio n in th e w a y o f slig h tly r e d u ce d fa res.
I f th e c o m p a n y h ad
w ho, with the late President Spencer, represented the South­ Its
been o p e r a tin g in 1906 u n d e r th e p re se n t o r d in a n c e , th e s ta te m e n t o f o p e r a ­
ern Railway on the Central of Georgia board, and George G. t io n , it is ca lcu la te d , w o u ld h a v e been as fo llo w s : G ross ea rn in gs, $ 7 ,8 7 1 ,126; o p e r a tin g e x p e n s e s . In clu d in g t a x e s and all ch arges re q u ire d b y th e
Haven have retired as directors.— V. 83, p. 1317, 751.
o rd in a n c e , $ 5 ,5 0 9 ,7 8 8 ; n e t earn in gs a p p lic a b le t o b o n d in te re s t, $ 2 ,3 6 1 ,3 3 8 .
T h e c o m p a n y w ill s h o r tly h a v e in o p e r a tio n 800 n e w ca rs , w h ic h u n d er
Central New England Ry.— Consolidation.— Preparatory
to merger with the parent com pany (the New Y ork New th e o rd in a n ce it gu aran tees t o im m e d ia te ly p u rch ase.
Over $2,000,000 of the bonds, it is stated, were sold on
Haven & Hartford R R .), a certificate was filed at Albany
on June 25 consolidating the Central New England R y ., the Thursday. (As to the ordinance of Feb. 11 1907, approved
Newburg Dutchess & Connecticut R R ., the Dutchess County at the city election April 20, compare V. 84, p. 1123.);
R R ., the Poughkeepsie Bridge R R . and the Poughkeepsie & V. 84, p. 1488, 1365.
Eastern R y ., under the title o f the Central New England R y .,
Chicago & Eastern Illinois R R .— Sale of Bonds.— The co m ­
with a capital o f $8,500,000, of which $3,750,000 is 4 % non- pany has made an arrangement with Speyer & Co. to under­
cum ulative preferred.
write $3,085,000 “ general consolidated and first m ortgage’ '
Opposition P lan .— The protective com m ittee, T. C. Dela- 5 % bonds due N ov. 1 1937, which are to be issued to retire:
van, Chairman, objects to the exchange of securities on any First mortgage 6% bonds, maturing D ec. 1 1907.................. ...... ..................... $2,935,000
such basis as suggested last week (p. 1488), and therefore First mortgage 7% bonds of Indiana Block Coal R R ., maturing July 1
1908 (including S133.000 already purchased)________ _________________
150,000
urges the m inority stock and bondholders to m eet at room
“ T h ese general c o n s o lid a te d an d first m o r tg a g e b o n d s fo rm p a rt o f a
2 0 9 , Bourse Building, Philadelphia, at 2 p. m . on July 2. t o t a l Issue lim ite d t o $ 3 0 ,0 0 0 ,0 0 0 , w h e r e o f $ 1 6 ,5 8 3 ,0 0 0 are n o w o u t s t a n d ­
in g an d $ 6 ,4 0 3 ,0 0 0 (in c lu d in g th e a b o v e $ 3 ,0 8 5 ,0 0 0 ) are reserv ed t o retire
— V. 84, p. 1487, 1427.
p r io r lien b o n d s . T h e b a la n ce ca n o n ly b e Issued at $ 1 8 ,0 0 0 p e r m ile fo r
Chesapeake & Ohio Ry.— Possible Note Issu e.— It is under­ sin gle tr a c k , e x te n sio n s a n d b ra n ch e s, $ 8 ,000 p e r m ile a d d itio n a l f o r d o u b le
tr a c k an d $ 7 ,000 p e r m ile a d d itio n a l fo r e q u ip m e n t.
stood that arrangements are practically com pleted for
T h e b o n d s are secu red b y a d ir e ct first lien on 4 9 8 .4 9 m iles o f r a ilroa d
financing the com pany’s requirements through an issue of a n d also v a lu a b le term in als a n d e q u ip m e n t. T h e y are also a lien u p o n
107.21 m iles o f a d d itio n a l r a ilro a d , s u b je c t o n ly t o p rio r lien s, w h ic h , u p o n
notes, probably $5,000,000, secured b y a block of the new th
e re tire m e n t o f th e first m o r tg a g e b o n d s a b o v e referred t o (on o r b e fo r e
bonds, to which reference was made last w eek.— V. 84, D e c . 1 1 9 0 7 ), w ill a m o u n t t o $ 2 ,7 3 6 ,0 0 0 . T h e y are also a lien u p o n th e
railro a d fo rm e r ly o f th e In d ia n a B lo c k C oal R R . C o ., 12 .6 2 m iles, s u b je c t
p. 1487, 1427.
o n ly t o th e first m o rtg a g e o f th a t c o m p a n y , u n d e r w h ic h th ere are $17 ,0 0 0
d s n o w o u ts ta n d in g .
T h e y are also a lien , s u b je c t t o p r io r m o rtg a g e s ,
Chicago & Alton R R .— Capital Requirements.— A state­ uo fp bo no nth
e en tire p r o p e r t y o f th e c o m p a n y n o w e x is tin g o r h e re a fte r a c q u ir e d .
m ent submitted by President Felton at a recent meeting of
E a rn in g s fo r the T en M o n th s ending A p r il 30 1906 and 1907.
the directors showed that to provide funds for the elevation
G ross
N et
O ther
T a x es a nd
B a la n ce,
T en M os.
E a rn in g s.
E a rn in g s.
In co m e.
1st C h arges.
S u rp lu s.
o f the tracks in Chicago and Joliet, to com plete the cut-off
-0 7 ............. $ 9 ,4 4 7 ,1 1 4
$ 3 ,4 5 4 ,6 2 9
$23 8 ,2 5 8
$ 2 ,2 5 7 ,6 1 7
$ 1 ,4 3 5 ,2 7 0
from lies, near Springfield, to Murrayville, 34 miles, and other 11 99 00 56 -0
6 _______ 8 ,5 0 5 ,5 2 0
2 ,9 3 7 ,7 3 7
181 ,365
2 ,0 6 6 ,8 9 4
1 ,0 5 2 ,2 0 8
requirements properly chargeable to capital, would call for — V . 8 4 , p . 1365, 1181.
about $1,600,000 during the next twelve to eighteen months.
Chicago Indianapolis & Evansville R R .— New Project—
An agreement was entered into b y which the Union Pacific Mortgage Filed.— This com pany, incorporated in Indiana on
and R ock Island interests will advance this m oney as it m ay Sept. 14 1905, with nominal ($325,000) capital stock, to build
be required, in the proportion of ten for the form er to six
a steam road from Evansville, In d ., to Indianapolis and
for the latter.
Some $1,100,000 has already been spent in Indiana Harbor (near Chicago), 346 miles, with a branch
constructing the line to Murrayville and only about $250,000 from Logansport, In d ., to South Bend 70 miles, and another
m ore will be needed to com plete the sam e.— V. 84, p. 1488, from Owensboro 30 miles, has filed a mortgage to the
1365.
W estern Trust & Savings Bank of Chicago, as trustee, to
Chicago Burlington & Quincy R R .— Abrogation of Lease.— secure an issue of $15,000,000 40-year 5 % gold bonds.
“ For s'm plification of accounts,” the lease of the com pany’s
Contracts for construction were recently let to the
property made in 1901 for 99 nears, to the Chicago Burling­ Carter Construction Co. of Indianapolis of which John B.
ton & Quincy Railway Co. has been rescinded by mutual Carter, the Indiana representative of William Kenefick &
consent, and the old com pany will, on next Monday,resume Co. of Kansas City, who are financing the enterprise, is
the possession of the property and operate it in its own name. President. The necessary franchis3s, it is said, were ac­
No other change in the managem ent, it is stated, is contem ­ quired some months ago. Mr. Carter in O ct. 1905 em phati­
plated.— V. 84, p. 1247, 219.
cally denied that any of the interests identified with the
Chicago Burlington & Quincy RR.— Called Bonds.— Bonds enterprise represented any existing railroad. Kenefick &
to the following amounts have been called for redemption Co. at that time were building the Indianapolis Southern
and will be paid at the New England Trust C o., Boston, R R . from Indianapolis to Switz City, In d ., for the Illinois
July 1 1907, interest then ceasing, viz.:
Central R R . The officers o f the railroad are:




P re sid e n t, W illia m K e n e fic k , K ansas C ity ; V ic e -P r e s id e n t, J. B . C a rter,
I n d ia n a p o lis; S e c r e ta r y , Charles A . D e n n e e n ; T re a s u re r, R . Z en k e re .
O ffic e , In d ia n a p o lis , In d .

The mortgage gives the following particulars:
T h e b o n d s ^re d a te d J u ly 1 1907 a n d are d u e J u ly 1 1947 b u t are s u b je c t
t o call at c o m p a n y ’s o p tio n in th e y e a rs 1917, 1927, 1937 at 105 an d In terest.
D e n o m in a tio n $ 1 ,0 0 0 c* ; in terest p a y a b le Jan . 1 a n d J u ly 1, b e g in n in g w ith
Ja n . 1 1908, at K n ic k e r b o c k e r T ru st C o ., N ew Y o r k . T h e b o n d s are Issuable
u p o n a certified c o p y o f an o rd e r o f th e b o a r d o f d ir e cto r s sign e d b y th e
P resid en t an d w itn essed b y th e S e cre ta ry . T h e c o m p a n y c o v e n a n ts th a t
it w ill a p p ly th e p ro ce e d s t h e r e o f t o an d fo r n o o th e r p u rp o se s th a n th e
c o n s tr u c tio n , and c o m p le tio n o f th e c o n s tr u c tin g , b u ild in g , e q u ip p in g and
o p e r a tin g th e said ra ilr o a d , p u rch a sin g n ecessa ry real estate a n d e q u ip m e n t
th e re fo r, an d fo r o th e r la w fu l p u rp o se s.

Chicago Milwaukee & St. Paul Ry.— New Director.— W al­
ter P. Bliss, manager of the estate of the late George Bliss,
has been elected a director to succeed Herman S. Leroy,
who was the representative on the board of the late James
Henry Sm ith.— V. 84, p. 1306, 569.
Chicago Peoria & St. Louis Ry.— Payment of Overdue In ­
terest.— The interest due Jan. 1 1907 on the consolidated 5 %
gold bonds was paid on June 25 on presentation of coupons
at office of Dent, Palmer & C o., 52 William St., New Y ork.
— V. 84, p . 505.
Chicago Union Traction Co.— Deposit of Underlying Stock.
— The m ajority stock of the underlying companies, which
was in the control of the protective committees, has been
deposited with the Chicago Title & Trust Co. as required
by the franchise, and the franchise will shortly be accepted in
the name of the new Chicago Railways Co.
The protective committee of the North Chicago City and
W est Division railways, in a circular letter to stockholders,
asks the deposit of the stocks in escrow with the aforesaid
trust com pany, to await the decision of the arbitrators on
the distribution of the new stocks. (Compare Chicago City
Railw ay a b ov e.)— V. 84, p. 1247, 1182.
Cincinnati Hamilton & Dayton Ry.— Extension of Re­
ceiver’s Certificates.— Receiver Harmon was on June 24 au­
thorized to extend for one year the $511,830 receiver’s cer­
tificates issued July 1 1906 and due July 1 1907, and also
the same am ount of certificates which was issued Jan. 1
1906 and matured Jan. 1 1907, bu t was then extended till
July 1 1907. W ithin the next year reorganization is ex ­
pected to be effected.— V. 84, p. 1366, 803.
Cincinnati Street R y.— Payment of Bonds.— The $200,000
mortgage bonds of the Mount Auburn Cable R y . due June 1
1907 were redeemed on presentation at the Citizens’ National
Bank, Cincinnati.— V. 83, p. 1523.
Cleveland Electric R y.— Dividend Reduced.— The directors
on June 19 declared a quarterly dividend of % of 1 % , pay­
able July 1 to holders of record June 20, thus reducing the
annual rate to 3 % per annum, contrasting w ith—
1897
1898
1899
1900
3%
iii%
2 fi%
3X %
— V . 84, p . 1113, 995.

1901
4%

1902
4%

1903
4%

1904
4%

1905
4%

1906
5%

Cleveland Painesville & Eastern (Electric) R R .— Notes to
Retire Debentures.— “ Cleveland Finance” of June 15 said:
P lans h a ve been p e r fe cte d fo r ta k in g care o f th e $50 0 ,0 0 0 o f C. P . & E .
6 % d eb en tu res d u e J u ly 1 b y n e w d e b e n tu re n o te s b e a rin g th e sam e rate
o f Interest r u n n in g fo r o n e y e a r w ith th e privile ge o f an e x te n s io n fo r a n o th e r
y e a r , o r t w o yea rs In all.
M ost o f th e larg e d e b e n tu re h old ers h a v e a lre a d y
agreed t o th is a rra n g e m e n t, a n d It Is th o u g h t th a t th e o th e rs w ill re a d ily
fall In lin e .— V . 84, p. 1247.

Delaware Lackawanna & Western RR.— New Offices.—
The com pany has m oved its New Y ork offices to the new
Carroll Building, at 90 West St., near Cedar St.— V. 84, p.
449, 445.
Denver Enid & Gulf R R .— Transferred by Deed to Atchison
Subsidiary.— See Atchison Topeka & Santa Fe R y . a b ov e.—
V . 84, p. 1247.
Evansville & Eastern Electric R y.— Consolidation.— See
Evansville R ys. below .— V. 83, p. 492.
Evansville & Mount Vernon Electric R y.— Consolidation.
— See Evansville R y s. below .— V. 81, p. 1436.
Evansville Railways— Consolidation.— Th's com pany was
form ed on June 20 with $1,000,000 capital stock in shares
of $100 oach as a consolidation of the Evansville & Eastern
and the Evansville & Mount Vernon (V. 81, p. 1436) Electric
Railw ay companies. The officeis are:
P re sid e n t, W illia m L . S o n n ta g ; V ic e -P r e s id e n t, C. H . B a tte n ; T reasu rer,
M arcu s S. S on n ta g ; S e cre ta ry , F. W . R e itz ; C h airm an H oard o f D ire cto rs ,
W m . H . M cC u rd y. M essrs. B a tte n an d M cC u rd y are C in cin n a tia n s.— V .
81', p . 1218; V . 8 4 , p . 042.

Fitzgerald Ociila & Broxton RR.— Successor Com pany.—
This com pany was incorporated under the laws* of G eoigia
on May 29 with $100,000 capital stock, as successor of the
Broxton Hazlchuist (fe Savannah R R ., which in April last
purchased the 25-mile Ociila & Valdosta R R . (V. 84, p . 997).
H. C. M cFadden, President and General Manager of the
Broxton Hazlehurst & Savannah, in May last made the
following statement:
A s so o n as a ch a rte r ca n b e se cu re d w e w ill ch a n g e th e n a m e o f th e ro a d
t o th e F itzg era ld O ciila & B r o x t o n R R .
W e h a v e n o In ten tion s a t p resen t
fo r e x te n sio n s, o u r Idea b e in g first t o bu ild u p th e p r o p e r ty w h ic h w e h a v e
purchased.
O ur line e x te n d s fro m B r o x to n t o O ciila , G a ., 25 m iles, w ith
a b ra n ch t o F itz g e r a ld , 5 m iles. W e a lso h a v e a lease o f th e lin e fro m
O ciila t o Irw ln v llle , 10 m iles, w h ic h w e are n o w o p e r a tin g .

Georgia Terminal Co., Atlanta, Ga.— Details of Bonds.—
The $3,000,000 bonds which have been sold, as announced
last week ($2,089,000 outstanding), are part of an author­
ized issue of $4,000,000 of $1,000 first mortgage 20-year
5 % gold bonds, maturing Jan. 1 1927 but subject to call on
any interest day (Jan. 1 and July 1) at 110 and interest.
Interest is payable at the Old Colony Trust Co. of Boston,
trustee.— V. 84, p. 1428.




1551

THE CHRONICLE!

J u n e 29 1907.]

Havana Central RR.— Plan Operative.— Speyer & Co. on
behalf of J. Henry Schroder & Co. of London, announce that
the plan for the sale of the com m on stock and first mortgage
5 % bonds of the com pany to the United Railways of the
Havana & Regia Warehouses, L td. (V. 84, p . 1052), is
operative, inasmuch as there has been deposited $5,336,375
of the com m on stock and $5,357,000 of the bonds. The
shareholders of the purchasing com pany will m eet on or
before July 20 to ratify the deal. See V. 84, p. 1052, 1366.
Huntingdon & Broad Top Mountain RR. & Coal Co.—
Change in Annual Report Statement.— The statement in the
annual report for the year 1906 being not quite clear to i s,
we wrote to Treasurer J. P. Donaldson, and through his re­
ply, somewhat delayed, learn that in the incom e account as
published recently the item of interest on bonds should be
$106,190, or the same as in the earlier years; while, on the
other hand the preferred dividend charge forl90 6 should be
or $10,000 more than shown in our statement, for the
following reason:
T h e d iv id e n d d e d u ctio n w as cau sed b y its b e in g fo u n d n ecessary th a t a
ull 7 % sh o u ld b e p a id o n th e p re fe rre d s t o c k as o f J u ly a n d J a n u a r y b e fo r e
th e c o m m o n c o u ld r e c e iv e a n y th in g .
A s t h e J u ly 3 9 0 5 ,d iv id e n d w as 3 % ,
th e J a n u a ry 1906 d iv id e n d w as m a d e 4 % , th u s re a ch in g th e 7 % , a n d th e
J u ly 1906 d iv id e n d 3 > £ % (m a k in g 7
% c h a rg e d a g a in st th e ea rn in gs
o f 1 9 0 6 .— E d .) .
T h e J a n u a ry 1907 d iv id e n d o f 3 !^ % m ain tain s th e sam e
ra te a n d giv e s th e b o a r d th e o p p o r t u n it y t o de cla re a d iv id e n d o n t h e c o m ­
m o n s to c k at a n y tim e it m a y deem p r o p e r .— V . 84, p . 142 4, 339.

International & Great Northern RR.— Authorization of
Builders’ Lien Notes for San Antonio Depot.— The Texas R ail­
road Commission has authorized the com pany to enter into
a contract for the construction of an adequate passenger
depot at San A ntonio, and for that purpose to incur indebted­
ness, say, to the extent of $150,000 and not less than $100,000, securing the same b y a mechanics’ and material m en’s
lien with paym ents distributed as below suggested. The
official application said in part:
W e are d esirou s o f b u ild in g a g o o d d e p o t at San A n t o n io , a c c o r d in g t o
p re se n t ideas a n d e stim a te s c o s tin g a p p r o x im a t e ly $ 1 5 0 ,0 0 0 , a n d w e h a v e
a rra n g e d , If th e co u r s e m e e ts w ith y o u r a p p r o v a l, t o e x e c u te a m e c h a n ic s ’
a n d m a terial m e n ’ s lien u p o n th e im p ro v e m e n ts a n d d e p o t site fo r th e
a m o u n t o f th e c o n t r a c t, a n d h a v e such lien assign ed t o p a rties w h o h a v e
agreed t o fu rn ish th e re q u isite m o n e y fro m $10 0 ,0 0 0 t o $ 1 5 0 ,0 0 0 , an d t o
a p p o r t io n th e p a y m e n ts in t o te n sem i-a n n u a l p a y m e n ts o f o n e -te n th e a ch
b e a r in g 6 % in terest p a y a b le s e m i-a n n u a lly .
O u r v ie w is th a t as th e s ta tu te
w o u ld g iv e th e c o n tr a c to r s a lien In th e p re m ise s, th a t w e c o u ld le g a lly
e x e c u te a c o n t r a c t g iv in g him th e sam e rig h ts th a t he co u ld fix u n d er th e
s ta tu te , an d th a t th e r e fo r e a c le a rly v o lu n t a r y lien so g iv e n w o u ld b e v a lid
an d b in d in g an d n o t in v io la tio n o f th e s t o c k a n d b o n d la w .— V . 7 8 , p . 116 5.

Joliet & Northern Indiana RR.— Payment of Bonds.— The
$800,000 7 % first mortgage bonds, maturing July 10 1907,
and also the coupon due at the same time, will be paid on
and after that date at the office of the Michigan Central R R .,
Grand Central Station, New Y ork. For the new bond issue
see the last-named com pany in V. 84, p. 1367, 1428— V. 76,
p. 752.
Kansas City Fort Scott & Memphis R y.— Called Bonds.—
Thirty-three ($33,000) Fort Scott Equipm ent Co. 6 % bonds
are payable b y the trustee at 50 State St., Boston, on July
1 1907.— V. 83, p. 890.
Kansas City Mexico & Orient R y.— Bonds Offered.— The
Kansas City “ Star” of June 12 contains an advertisement
signed b y President A . E . Stilwell offering for subscription
at par $400,000 of the com pany’s 1st m ortgage 4 % gold
bonds, a bonus of $400 4 % preferred stock and $400 com m on
stock being given with each $1,000 bon d. The advertise­
ment says:
T h e p r o c e e d s o f th e sale o f th ese b o n d s are t o b e us*ed t o c o m p le t e th e
gra d e fro m E m p o r ia , K a n ., t o K an sas C ity .
T h e g ra d e Is n o w c o m p le t e d
so u th fro m E m p o r ia t o San A n g e lo , T e x a s .
W h e n th is w o rk Is fin ish ed ,
w h ic h c a n be a c c o m p lis h e d n e x t y e a r , train s c a n b e o p e r a te d fr o m K a n sa s
C ity t o L oe A n g e lo , T e x a s , a d is ta n c e o f 711 m iles.
630 m iles o f th e ro a d
are n o w In o p e r a tio n . T r a c k la y in g is in p ro gre ss fr o m C lin to n , O k la ., so u th ;
fro m A lt u s , O k la ., n o rth ; fro m K n o x C ity , T e x a s , n o r th ; fro m San A n g e lo ,
T e x a s , n o rth ; an d fro m C h ih u a h u a , M e x ., east a n d w e st.
I t Is e x p e c t e d
t o h a v e th e ro a d in o p e r a tio n fro m E m p o r ia , K a n ., t o S an A n g e lo , T e x a s ,
b y th e en d o f th e p re se n t y e a r , a n d a t th e sam e tim e 65 % o f th e en tire lin e
in M e x ico w ill b e r e a d y t o o p e r a te .
C o m p a re V . 8 4 , p . 102 , 5 0 8 , 693.

Kansas City (Mo.) Railway & Light Co.— Preliminary Re­
port.— For year ending May 31:
F is c a l
G ross
N et
Other
In terest P r e f. D iv . B a la n ce,
Y ear—
E a rn in g s. E a rn in g s. In co m e. & T a x es.
(5 % ) .
S u rp lu s .
1 9 0 6 -0 7 ...........$ 5 ,7 1 5 ,3 3 9 $ 2 ,8 0 6 ,2 0 3 $9,4 4 0 $ 1 ,7 6 5 ,8 7 0 $47 6,10 5 $ 5 7 3 ,6 6 8
2 ,5 5 6 .6 2 9
9,671
1 ,6 4 4 ,5 2 4 4 7 6 ,1 0 5
445 ,6 7 1
1 9 0 5 -0 6 _____ 5 ,1 5 3 ,1 6 8
C o m p a re V . 83, p . 319 , 1470.

Lehigh Valley R R .— Second Extra Dividend.— The direc­
tors on W ednesday, pursuing the policy adopted last D ecem ­
ber, declared the regular semi-annual dividend of 2 % and
an extra dividend of 1% on the com m on stock. The divi­
dend is payable July 13 to holders of record June 29.
Total D ivid en d s (P e r Cent) P a id on C om m on Stock D u r in g C a len d a r Y e a r s .
Y e a r ............. V87P e r c e n t ___ j 4'A

’88- ’89- ’90- ’91- ’92- ’93- ’94
5

5

5

5

5J»

4

’ 03. ’ 04. ’ 05. ’ 0 6 . 1 90 7.
N one.
1
4
4 4& 2 e x .

L ’ma (Peru) Urban R y.— 6 % Gold Bonds Called.— Notice
is given that the follow ng bonds have been called for re­
dem ption July 1 1907: 75, 151, 157, 295, 303, 388, 448,
467, 473, 664, 762, 778, 781. Coupons due July 1 1907
will be paid on and after that date at the offices of W m . Salo­
m on & Co. and W . R . Grace & Co., New Y ork C ity.— V. 75,
p. 184.
Medford & Crater Lake R R .— Sold.— See Pacific & Eastern
R y . below.
Michigan Central RR.— Payment of Maturing Bonds.— See
Joliet & Northern Indiana R R . a b ove.— V. 84, p. 1367, 1428.
Missouri Kansas & Texas R y .— Bonds Offered.— Mackay
& Co., 16 Nassau St., New York; Spencer Trask <fc C o.,
William and Pine sts., New York; and the Mercantile Trust
C o., St. Louis, M o., are offering, by advertisement on another
page, at a price to jueld about 5 .6 % on the investm ent, $ 2 ,-

1552

THE CHRONICLE.

500,000 general mortgage 4J^% sinking fund gold bonds,
dated Jan. 1 1906, due Jan. 1 1936. Authorized issue, $20,000,000; outstanding, $10,000,000. A circular says in part:
T h e se b o n d s are a d ir e ct m o r tg a g e , o r a co lla te ra l m o r tg a g e th r o u g h th e
d e p o s it o f s to ck s a n d b o n d s , u p o n th e en tire 3 ,0 4 3 m iles o f r a ilro a d e m ­
b r a c e d in th e s y ste m , s u b je c t t o e x is tin g p rio r lien s. T h e y are a d ir e ct
m o r tg a g e , s u b je c t t o p r io r lien s, u p o n all o f th e lin es o w n e d n o r th o f th e
R e d R iv e r , T e x a s , a g g re g a tin g 1,646 m iW s. T h e y are a d ir e ct co lla te ra l
lien u p o n all o f th e r a ilro a d o f th e M issouri K an sas & T e x a s R y . C o . o f T e x a s
s ou th o f th e R e d R iv e r , T e x a s , a g g r e g a tin g 1,397 m iles, s u b je c t t o th e liens
o f th e first a n d se c o n d m o r tg a g e 4 % b o n d s o f th e M issouri K an sas & T e x a s
R y . C o . an d th e M issouri K an sas & T e x a s R y . o f T e x a s first m o r tg a g e 5 %
b on d s.
T h e § 1 0 ,0 0 0 ,0 0 0 general m o r tg a g e 4 ^ % b o n d s n o w o u ts ta n d in g w ere
Issued f o r th e fo llo w in g p u rp o s e s : T o r e fu n d e q u ip m e n t o b lig a t io n s
$ 4 ,8 0 0 ,0 0 0 ; ex p e n d itu r e s fo r b e tte rm e n ts , e x te n s io n s , & c ., $ 5 ,2 0 0 ,0 0 0 .
A s in k in g fu n d w ill p r o v id e fo r th e ann ual p u rch a se o f 2 % o f th e o u ts ta n d in g
b o n d s a t n o t e x c e e d in g p ar an d in terest a fte r Jan . 1 1911.
It is c a lcu la te d
th a t th e op e r a tio n o f th e sin k in g fu n d w ill retire p r a c t ic a lly all o f th e g e n ­
eral m o r tg a g e 4 % % b o n d s b y J a n . 1 1936.
F o r th e fiscal y e a r e n d in g Ju n e 30 1906 th e c o m p a n y r e p o r te d a surplus
o v e r an d a b o v e all b o n d in te re s t, re n tals an d o th e r ch arges o f $ 1 ,6 5 3 ,0 8 8 .
a n d fo r th e ten m o n th s en d in g A p ril 30 1907 a su rp lu s o v e r and a b o v e all
c h a rg es, in c lu d in g Interest u p o n th e $ 1 0 ,0 0 0 ,0 0 0 gen eral m o rtg a g e 4
%
b o n d s , o f $ 3 ,0 3 1 ,3 4 4 .
D iv id e n d s at th e rate o f 4 % p e r a n n u m are n o w
b e in g p a id u p o n $ 1 3 ,0 0 0 ,0 0 0 p re fe rre d s t o c k , sellin g a t a b o u t 60, a n d th e
o c m p a n y has also o u ts ta n d in g $ 6 0 ,3 0 0 ,3 0 0 c o m m o n s t o c k , se llin g a t a b o u t 30

[V o l .

l x x x iv .

Philadelphia & Garrettford Street Ry.— Bonds Offered.—
Charles C. Harrison Jr. & Co., Philadelphia, are offering at
99 and interc si a block of the first mortgage 5 % gold bonds,
dated A v g. 1 1905 and due Aug. 1 1955, authorized issue
$3,000,000, outstanding at last accounts $438,000. The
property is It as :d to the Phila. & W est Chester Traction Co.,
which owns control; rental 5 % on stock and interest on bonds.
Philadelphia Rapid Transit Co.— Facts as to Ordinance.—
The Philadelphia “ Financial Bulletin” of June 21 gives the
follow ing facts regarding the retail merchants’ ordinance
which was adopted on June 20 b y the City Council:

U n d e r th e te rm s o f th e m e a su re , fo r fift y y e a rs fr o m J u ly 1 1907 th e
P h ila d e lp h ia R a p id T r a n sit w ill share w ith th e c it y in p ro fits, an d this is t o
su p e rse d e a n d c a n c e l all e x is tin g c o n t r a c ts , a greem en ts a n d b o n d s b e tw een
th e c it y a n d th e c o m p a n y .
T h e re is t o b e p r o v id e d a sin k in g fu n d w h ic h in fift y y e a rs w ill e x tin g u is h
t h e c a p it a l s t o c k o f $ 3 0 ,0 0 0 ,0 0 0 , or th e c it y m a y use th e s in k in g fu n d for
o th e r p u rp o se s th a n re d e m p tio n , an d w ith in 30 d a y s a ca ll fo r u n p a id ca p ita l
m u st be m a d e In $5 in s ta llm e n ts , so t h a t th e e n tire a m o u n t Is p a id In b y
D e c . 31 1908.
T h e c it y reserves th e rig h t t o p u rch a se all th e p r o p e r t y o f th e P h ila d e lp h ia
R a p id T ra n sit, s u b je c t t o p resen t in d e b te d n e s s , or th a t la w fu lly in c u r re d ,
u n til J u ly 1 1957, b y se rv in g s ix m o n th s ’ n o t ic e p rio r t o J u ly 1 o f a n y y e a r ,
b y th e p a y m e n t o f an a m o u n t eq u a l t o p a r fo r $ 3 0 ,0 0 0 ,0 0 0 c a p ita l s t o c k ,
H.
W . Poor & Co. are offering at a price to yield over 4 % %a n d a n y o th e r a d d itio n a l s t o c k issu ed w ith th e co n s e n t o f th e c it y .
-h a lf o f th e d iv id e n d s d e c la r e d o u t o f earn in gs in e xcess o f 6 % on
a block of the outstanding $5,182,000 first and refunding th eO na ce tu
a l p a id -in c a p ita l s to c k is t o b e p a id t o th e c it y , an d n e ith er th e
4 % gold bonds dated Sept. 1 1904.— V. 84, p. 1248, 804.
fu n d e d d e b t o r c a p ita liz a tio n o f P h ila d e lp h ia R a p id T ra n sit c a n be in crea sed
w it h o u t th e c i t y ’s c o n s e n t.
• T h e fra n ch ise fo r th e B r o a d Street S u b w a y Is c a n c e le d an d th e rig h t t o
Monterey & Pacific Grove Street Railway & Electric
it a n o th e r c o m p a n y t o c o n s tr u c t it is r e se rv e d t o t h e c it y .
T h e rig h t
Power Co.— New Securities.— The shareholders will vote tpoe rm
c o n s tr u c t th e F r a n k fo r d E le v a te d is co n fir m e d a n d th e tim e lim it e x ­
July 6 on increasing the capital stock from $180,000 to $600,- te n d e d fo r th re e y e a rs fr o m Ju n e 1 1907.
h e P h ila d e lp h ia R a p id T ra n sit c a n n o t assum e fu rth e r leases, o b lig a tio n s ,
000 and the bonded debt b y $300,000. George Heazleton gu Ta ra
n ties o r p a rt w ith its s t o c k , le a s e -h o ld s o r fra n ch ises unless th e co n se n t
is President. In January last a press report said:
o f th e c it y is o b ta in e d .
U
n
d
er this a g reem en t it is e x p e c t e d th a t th e n e x t $5 assessm ent o n
C . W . A lle n an d R . C. P . S m ith h a v e s o ld th e ir in terests In th e M o n te re y
& P a c ific G ro v e E le c t r ic R y . a n d in th e M o n te r e y C o u n ty G as & E le c tr ic P h ila d e lp h ia R a p id T r a n sit w ill b e c a lle d a t th e J u ly m e e tin g o f th e b o a r d ,
p a y a b le o n o r b e fo r e S e p t. 1 . C o m p a re V . 8 4 , p . 1 4 8 8 , 1 2 4 8 , a n d e d ito ria l,
C o . t o G eorg e S . H e a z le to n , o f S an F r a n cis c o , an d E . P . B o lle s , P re sid e n t V
. 8 4 , p . 1084.
o f th e F irst N a tio n a l B a n k o f O a k la n d .
E x te n sio n s o f th e p re se n t P re sid io
lin e t h r o u g h P a cific G ro v e t o C a rm e l-b y -th e -S e a , a n d fr o m D e l M o n te t o
Pittsburgh & Butler Street Ry.— Bonds Offered.— The Safe
V is ta d el R e y , are p r o je c t e d , as Is also a line t o Salinas.

New York Short Line RR.— Guaranteed Bonds for Reading
C u t - o f f . This com pany, owning the cut-off opened in May
1906 between Cheltenham Station in Philadelphia and
Neshaminy Falls, P a., 93^ miles (2 miles having tw o tracks
and 2 miles more three track s), has made a first mortgage to
the Pennsylvania Com pany for Insurances on Lives & Grant­
ing Annuities of Philadelphia, as trustee to secure an issue
of $1,500,000 4 % gold bonds dated Feb. 1 1907 and due
Feb 1 1907. The road has been leased for 999 years from
F e b j l f 1907 to the Philadelphia & Reading Railw ay, and
the Reading Com pany owns the entire $250,000 stock and
guarantees the bonds by endorsement as follows:
G uaranty o f R ea d in g C o m p a n y , E n d orsed on E a ch B on d .
F o r v a lu e r e c e iv e d , R e a d in g C o m p a n y h e r e b y gu a ra n te e s th e p u n ctu a l
p a y m e n t o f th e p rin c ip a l an d in te re st o f th e w ith in b o n d at th e tim e a n d In
th e m a n n er th erein s p e cifie d , an d c o v e n a n t s , in d e fa u lt o f p a y m e n t o f a n y
p a r t th e r e o f b y th e o b lig o r , t o p a y th e said p rin cip a l a n d in te re st o f th e
w ith in b o n d as th e sam e shall b e c o m e d u e , u p o n th e d e m a n d o f th e h o ld e r
t h e r e o f.
In w itn ess w h e r e o f th e said c o m p a n y has ca u se d its c o r p o r a te
seal t o be h e re u n to a ffix e d , d u ly a tte s te d , at P h ila d e lp h ia , th e first d a y o f
F e b ru a r y 1907.
(S ign ed fo r th e R e a d in g C o m p a n y b y P re s id e n t, an d w itn e sse d b y S ecre­
t a r y .) — V . 8 3 , p . 1412.

North Chicago Street R R .— Payment of Coupons.— Under
date of June 27 notice is given that the interest on the first
mortgage 5 % bonds due July 1 1907 will be paid at the office
of The Fidelity Trust C o., trustee, Philadelphia, or at the
office of the ocm pany, No. 444 North Clark Street, Chicago.
— V. 84, p. 997.
Ocilla & Valdosta R R .—-Successor Com pany.— See Fitz­
gerald Ocilla & Broxton R R ., a b o v e .— V. 84, p. 997.
Pacific & Eastern R y.— Successor Company.— The Med­
ford & Crater Lake R R ., a standard-gauge line extending
from M edford to Eagle Point, Ore., about 11 miles, was bid
in at receivers' sale at M edford on May 11 for $82,500 by
George Estes of Portland, Ore., representing a local syndicate
which has organized the Pacific & Eastern R y . to own and
operate the line, and to extend it 89 miles to Butte Falls and
Ivlamath Falls, making about 100 miles in all, opening up
extensive tracts of timber. Mr. Estes has also purchased
the Rogue River Valley R R ., M edford to Jacksonville, Ore.,
6 miles.
T h e ca p ita l s t o c k o f th e n e w c o m p a n y is $ 1 ,0 0 0 ,0 0 0 a u th o r iz e d an d $50 0 ,000 o u ts ta n d in g ; p a r , $10 0. A first m o rtg a g e has b e e n m a d e t o O regon
T r u s t & S a v in gs B a n k o f P o r t la n d , O re ., as tr u s te e , t o secu re an issue o f
$ 1 ,0 0 0 ,0 0 0 6 % g old b o n d s, o f w h ich $ 2 0 0,00 0 are o u ts ta n d in g .
T h is issue
Is d a te d Ju n e 1 1907 a n d w ill m a tu re Ju n e 1 193 7, b u t s u b je c t t o ca ll in a n y
a m o u n t a fte r 10 y ea rs a t 105.
In te re st p a y a b le D e c . 1 an d Ju n e 1 at o ffic e
o f tru stee.
D e n o m in a tio n s : $10 0, $500 an d $ 1 ,0 0 0 .
P re s id e n t, W . C o o p e r
M orris; V . - P . , D r. S. W . S try k e s ; S e c ., T re a s. a n d G e n . M g r ., G e o . E ste s,
care O reg on T ru st & S a v in gs B a n k , P o r t la n d . O re.

Peimsylvania New York & Long Island R R .— Consolida­
tion.— See Pennsylvania Tunnel & Terminal R R . below .—
V . 75, p. 1400.
Pennsylvania Tunnel & Terminal RR.— Consolidation of
Pennsylvania RR. Subsidiaries.— A certificate of consolida­
tion was filed at Albany on June 26 providing for the form a­
tion of this com pany, with $40,000,000 authorized capital
stock, b y the merger of the following companies, which are
building the tunnel of the Pennsylvania R R . from Harrison,
N. J., under the Hudson River to the City of New Y ork
and thence under the East River to Long Island City, namely,
the Pennsylvania New Y ork & Long Island R R . Co. (V . 75,
. 1400) and the Pennsylvania New Jersey & New Y ork R R .
o ., each of which had a capital of $20,000,000. Of the
authorized stock issue of the new com pany, $25,000,000 is
outstanding, and this is all owned by the Pennsylvania R R .
Co. The directors are:
Jam es M cC rea, J oh n P . G reen e, C harles T . P u g h , S am u el R e a , H e n ry
T a tn a ll, W illia m H . B a rn es. T h o m a s D e W lt t C u y le r, C lem en t A . G rls co m ,
J . D . C rlm m ln s o f N ew Y o r k , a n d F . L . S h e p a rd .




D eposit & Trust Co., the Pittsburgh Trust Co., J. I. Bu­
chanan & Co., and the Bank of Pittsburgh, all of Pittsburgh,
are offering at 101 and interest the unsold portion of the total
issue of $1,500,000 first mortgage 5 % 30-year gold bonds,
of $1,000 each, dated May 1 1905 and maturing May 1 1935.
Interest payable May 1 and N ov. 1 at office of Pittsburgh
Trust Co., the trustee, Pittsburgh, Pa., or Colonial Trust
Co., New Y ork. Capital stock, all issued, $1,500,000.

A b stract o f L etter fro m P resid en t G eorge H ea rd , dated P ittsbu rgh, J u n e 18.
T h e c o m p a n y w as o rg a n iz e d in J a n . 1905 u n d e r th e law s o f P e n n s y lv a n ia
fo r th e p u rp o s e o f b u ild in g a h ig h -sp e e d in te ru rb a n e le ctr ic ra ilw a y line t o
fu rn ish tr a n s p o r ta tio n fro m P itts b u r g h t o B u tle r.
A lo n g -tim e c o n tr a c t
has be e n en te re d Into w ith th e P itts b u r g h R a ilw a y s C o . fo r th e use o f th eir
tra ck s fro m L ib e r ty and M arket streets, P itts b u r g h , across th e S ix th S treet
B rid g e , th r o u g h A lle g h e n y an d M lllvale t o K tn a. T h e to ta l le n gth o f line
is 38.51 m iles, o f w h ich 5.4 m iles are o v e r th e tr a c k s o f th e P itts b u r g h R a il­
w a y s C o.
F ro m E tn a th e ro a d runs fo r a b o u t 3 V6 m iles at on e side o f th e
B u tle r P ik e , an d fo r th e ba la n ce o f th e w a y t o B u tle r. It lies o n p r iv a te right
o f w a y , e x c e p t in g th r o u g h th e b o r o u g h s o f V a le n cia an d M ars, an d fo r a
sh ort d ista n ce o n th e h ig h w a y n ear B u tle r. A n a rran g em en t e x is ts w ith
th e B u tler P a ssen ger R a ilw a y C o ., w h ich o w n s th e lo ca l lines in B u tler,
a n d is o w n e d b y th e in te re sts In c o n tr o l o f th e P itts b u r g h & B u tle r S t. R y .
C o ., fo r a lo o p se rv ice b y w a y o f Jefferson and M ain stre e ts. T h is secu res
u s id e a l te rm in a l fa cilitie s in th e heart o f th e c it y
R a ils, 75 ib s . t o th e y a r d ; tie s , w h ite o a k , 2,6 4 0 t o th e m ile: r o a d , r o c k
b a lla ste d t h r o u g h o u t . A ll cro ssin gs o f s te a m ro a d s are o v e r h e a d . B r id g e s ,
steel an d c o n c r e te .
T h e c o m p a n y has s u fficie n t rig h t o f w a y t o p e rm it
d o u b le tr a c k in g o f th e w h o le lin e. T h e p o w e r p la n t lo ca te d at R e n fre w
Is e q u ip p e d w ith t w o 750 k . w . t u r b o ge n e ra to rs o f th e w e ll-k n o w n W e stin g hou se t y p e .
P o w e r fu rn ish ed fro m th is sta tion op e ra te s th e en tire sy stem
o f th e B u tle r P a ssen ger R a ilw a y C o ., w h ic h Is a so u r c e o f a d d itio n a l reven u e
to our com p an y.
O ur gross e arn in g s fo r M a y , b e in g th e first fu ll m on th s
o f o p e r a tio n fro m E tn a t o B u tle r, w ere $ 1 5 ,5 0 0 . T h e earnings fo r th e first
fifte e n d a y s o f Jun e sh ow a su bsta n tia l increase o v e r th e a v e ra g e fo r M ay.
W e are, th e re fo re , re a s o n a b ly assured o f a gross in c o m e o f o v e r $ 2 0 0,00 0
fo r th e first fu ll y e a r o f o p e r a tio n , an d w e b e lie v e th a t w h en o u r b u sin ess,
in c lu d in g passenger, e xp re ss and fre ig h t, is fa ir ly w ell d e v e lo p e d , th e gross
e arnings w ill be $ 4 0 0,00 0 p e r y e a r .

George Heard, President; George E . Tener, Vice-President;
Chas. Gibson, Jr., Second Vice-President; H. S. Evans,
Secretary.— V. 82, p. 1157.
Pittsburgh Ft. Wayne & Chicago R y.— Listed.— The New
Y ork Stock Exchange has listed $1,431,900 additional guar­
anteed special stock, making the total listed $38,806,400.
T h is a d d itio n a l s to c k w as Issued on a c c o u n t o f e x p e n d itu r e s fo r a d d itio n s
a n d im p ro v e m e n ts a g g re g a tin g $2,6 8 1 ,2 4 1 (n o t a b ly , $1,014,161 fo r tra ck
e le v a tio n , $61 9,40 2 fo r real estate and rig h t o f w a y an d $664,307 fo r a d d i­
tio n a l r o llin g s t o c k ) , fro m w h ich sum w as d e d u c te d th e net a m o u n t o f ju d g ­
m e n t aw a rd e d in c o n n e c tio n w ith c o n d e m n a tio n p ro c e e d in g s fo r th e S an i­
ta r y D istrict o f C h ica g o , $ 1 .2 3 8 ,5 1 4 ; o th e r c re d its , $ 10 ,824 ; ba la n ce D e c. 31
1906, $ 1 ,4 3 1 ,9 0 3 .— V . 82, p . 1497.

Pontiac Oxford & Northern RR.—■Status.— Relative to the
report that R obert Oakman of D etroit has an option on the
stock, we have the following:
M r. O a k m a n som e w eek s a g o held an o p t io n on 6 0 % o f th e c o m p a n y ’s
s t o c k , fo rm e r ly o w n e d b y M rs. H u gh P o r te r and o th e rs o f N ew Y o r k , and
w as e n d e a v o rin g t o secu re a sim ilar o p t io n o n th e 4 ,0 0 0 shares o f s t o c k held
b y Charles H . S to n e . T h e la tte r , h o w e v e r , d e clin e d t o n e g o tia te w ith
M r. O a k m a n , an d lt w o u ld seem th a t there is little p r o b a b ilit y o f th e e le ctr ic
sy ste m se cu rin g c o n tr o l o f th e P . O . & N . until th e te rm in a tio n o f th e p e n d ­
in g litig a tio n be tw e e n th e m a jo r it y an d m in o rity s to c k h o ld e r s , u n d er
w h ich th e r e ce iv e r is n o w in c h a r g e .— V . 84, p . 509.

Poughkeepsie City & Wappingers Falls Electric R y.— New
Mortgage Authorized.— The New Y ork State Railroad Com­
mission has approved the proposition to make a second
mortgage for $250,000 to fund floating debt and provide for
buying new cars and equipm ent to replace that destroyed by
fire.— V. 82, p. 393.
Public Service Corporation of New Jersey.— First D ivi­
dend.— The directors late yesterday declared a first dividend
of 1 % on the $12,500,000 capital stock, payable to holders
of record as of to-day. The dividend is not described as
“ quarterly” or for any other fixed period. The subsidiary
com pany, the United Electric Co., of whose $20,000,000
capital stock over $19,500,000 is owned b y the Public Ser­
vice Corporation, has also declared a dividend, but for
a larger am ount, namely 5 % , a3 we are informed by a
Newark authority.
Balance Sheet.— See “ Annual R eports” on a preceding
page.— V. 83, p. 1229.

J u n e 29 1907 J

Reading Company.— Guaranteed Bonds for Subsidiary.—
See New Y ork Short Line R R . a b ove.— V. 84, p. 1368,
1308.
Rio Grande Sierra Madre & Pacific R R .— M erger Proposed.
See Sien-a Madre & Pacific below and compare V. 84, p. 1368.
Rome City (N. Y .) Street Ry.— New Stock.— This com pany,
controlled b y the Mohawk Valley Co., the trolley holding
com pany for the New Y ork Central-Andrews syndicate (see
page 73, “ Street R ailw ay” section), has called a meeting of
its shareholders for June 22 to vote on increasing the capital
stock from $150,000 to $500,000.— V. 79, p. 270.
Savannah Augusta & Northern RR.— New Project.— In ­
crease of Capital Stock.— This com pany, incorporated in
January last to build a steam railroad about 420 miles in
length,extending from Savannah via Statesboro and Athens,
to Chattanooga, Tenn., with a branch to Augusta, has filed
an am endment to its charter increasing its authorized issue
o f capital stock from $8,000,000 to $11,000,000, the latter to
consist of $8,000,000 com m on and $3,000,000 preferred. A
contract for the construction of the road has been let to
W . J. Oliver & Co. of K noxville, Tenn., and press reporlte
state that construction has begun. W hat financial interests,
if any, are backing the enterprise is not disclosed. Am ong
the names m entioned in connection with the enterprise are
Judge Morgan J. O ’ Brien and W . A . Linn of New Y ork City.
The incorporators were:
E d w a r d M . R ic e o f N ew Y o r k , a n d J. A . B r a n n e n , H in to n B o o t h , J. G.
B lltc h , J. E . D o n e h o o , J. R . M iller, B . B . S orrier, C ecil W . B r a n n e n , R . F .
D o n a ld s o n a n d S. L . M o o re o f S ta te s b o r o , G a.

Sierra Madre & Pacific R R .— Proposed M erger.— This com ­
pany, which is constructing an 160-mile southerly extension
o f the R io Grande Sierra Madre & Pacific R R . (V. 84, p .
1368), will later absorb the latter com pany. The properties
are owned b y Col. W . C. Greene and allied interests and have
concessions from the Mexican Government. H. R . Nicker­
son, form erly Vice-President of the Mexican Central, is the
President.
Southern R y.— Sale of Stock of Central of Georgia R y .— See
that com pany a b ove.— V. 84, p. 1249, 1183.
South Omaha & Western RR.— Bond Issu e.— This com ­
pany has filed a mortgage to Maxwell Evarts of W indsor,
Vt., and Gordon M. Buck of New Y ork City, as trustees, to
secure an issue of $3,000,000 50-year 6 % gold bonds of $1,000
each. The mortgage covers the right of w ay, equipm ents,
e tc ., of the double-tracked cut-off of the Union Pacific
R R ., extending from South Omaha to Lane, N eb., 11.6
miles. The “ Railroad Gazette” of June 7 said:
T h e c u t -o f f n ecessita te s 3 ,0 0 0 ,0 0 0 c u b ic y a r d s o f e x c a v a t io n .
T h e cu ts
In clu d e on e a m ile lo n g w ith an e x tr e m e d e p th o f 87 fe e t.
T w o -th ir d s o f
th e g ra d in g Is fin ish ed , a n d all th e w o rk Is t o be fin ish ed th is y e a r .
The
c u t -o f f saves n ea rly n ine m iles o v e r th e o ld m ain line b y w a y o f S o u th
O m a h a and G ilm ore. T h e U n io n P a cific has 175 m iles o f s e co n d m a in tr a c k
In o p e r a tio n b e tw e e n O m a h a an d G reen R iv e r , W y o . , a n d Its se c o n d tr a c k
c o n s t r u c tio n th is y e a r (e m b ra ln g th e c u t-o ff) w ill in c lu d e a b o u t 200 m iles
a d d itio n a l.

Toledo (O.) Railways & Light Co.— Acquisition Ratified.—
The acquisition of the property of the Toledo Gas, Electric
& Heating Co. was duly ratified on June 15. The stock­
holders also authorized the increase of the capital stock from
$12,000,000 to $15,000,000. Of the new stock $1,875,000
will be issued in exchange for the $2,500,000 stock of the
Toledo Gas Electric & Heating Co.
O n Ju n e 2 1 a d eed w as filed c o n v e y in g th e p r o p e r t y o f th e T o le d o G as
E le c tr ic & H e a tin g C o . t o th e T o le d o R a ilw a y & L ig h t C o .
T h e d eed states
t h a t th e la tte r c o m p a n y , as p a rt c o n s id e r a tio n fo r th e p r o p e r t y , has assum ed
th e e x is tin g b o n d s o f several issues a g g re g a tin g $ 2 ,5 0 0 ,0 0 0 , o f w h ich $ 1 0 8 ,000 Is In th e tr e a s u r y .— V . 84, p . 1249.

Underground Electric Railways Co. of London, Ltd.—
New Lines Opened.— The extension of the Baker Street &
W aterloo Line, from Baker Street to Edgeware R oad, was
opened on June 15, the total length o f the road now being 4%
miles. The Charing Cross Euston & Hampstead Line, from
Charing Cross to G older’s Green, with a branch line to Highgate, a total of about 8 miles, was opened on June 22. The
line from the Strand to connect with the Great Northern
Piccadilly & Brom pton road at H olborn Station is expected
to be opened in the fall of this year. Compare report V. 83,
.p. 1588; V. 84, p. 104.— V. 84, p. 694.
Union Electric Co., Dubuque, la .— New Stock.— The com ­
pany, it is stated, has filed an amendment to its articles of
incorporation increasing its capital stock from $1,000,000 to
$1,500,000, to provide for im provem ents.— V. 79, p. 2643.
Union Pacific RR.— Mortgage on Cut-Off.— See South
Omaha & Western R R . ab ove.— V. 84, p . 1489, 1368.
United Railways of St. Louis.— Notes Offered.— The Missis­
sippi Valley Trust Co. and Francis, Brother & C o., both of
St. Louis, are offering at 99.54 and interest (yielding 5 % % ) ,
b y advertisement on another page of this issue, $1,200,000
2-year 5 )^ % collateral trust gold notes, dated July 1 1907
and due July 1 1909, but subject to call at com pany's option
after July 1 1908 on thirty days’ notice; interest payable
Jan. 1 and July 1. The following particulars are furnished:
T h e n o te s arc secu re d b y d e p o sit w ith th e M ississippi V a lle y T ru s t C o .,
tru stee, o f $ 1 ,5 0 0 ,0 0 0 o f th e c o m p a n y 's general first m o rtg a g e 4 % g o ld
b o n d s an d $50 0 ,0 0 0 p re fe rre d s t o c k , w h ich a t p resen t m ark et prices e q u a l
m o r e th an a 27 Vi % e q u it y a b o v e th e a m o u n t o f th e n o te s . T h e p ro ce e d s
w ill be u sed to w a rd s p a y in g o ff th e $ 1 ,5 0 0 ,0 0 0 6 % b o n d s o f th e C itize n s ’
R y . m a tu rin g J u ly 1 1907, th e b a la n ce o f th e re q u isite a m o u n t b e in g paid
o u t o f th e earnings o f th e U n ite d R a ilw a y s C o .
T h e b o n d s h y p o th e c a te d as s e cu rity are th o se reserv ed u n d e r th e m o r t ­
ga g e t o retire said b o n d s o f th e C itizen s R y .. an d a fte r p a y m e n t o f th e
la t te r th e U n ite d R a ilw a y s 4s w ill b e a d ir e ct first lien u p o n 151 6-10 m iles
o f tra ck an d a general lien u p o n 192> 22-100 m iles, e x c lu s iv e o f th e S u b u rb a n
s y s te m .
T h e n et ln c o m c fo r th e y e a r 1906 w as n e a rly 6 0 % m o re th a n fo r
1 9 0 5 .— V . 84, p . 7 5 0 , 688.




1553

THE CHRONICLE.

Washington & Columbia River R y.— M erger.— This com ­
pany, heretofore controlled by the Northern Pacific R y .,
will be form ally merged with that com pany on July 1. The
Northern Pacific owns all the capital stock and the incom e
bonds, and will assume the first m ortgage 4 % bonds due
1935, of which $2,498,000 have been issued.— V. 66,p. 426
West End Street Ry., Boston.— Sale of Stock at A uction .—
The 1,130 shares of com m on stock unsubscribed for b y stock­
holders at $85 a share have been sold at auction to various
bidders at prices ranging from 8 1 ^ to 8 3 ^ . — V. 84, p.
1369, 932.
West India Electric Co., Jamaica.— Report.— For year
ending D ec. 31 1906:
Y ear.
1906
1 9 0 5 ________
— V . 84, p . 69 4 , 340.

G ross.
$ 1 6 5 ,7 7 6
139 ,7 6 2

N et.
$87 ,2 5 1
69,6 2 7

B o n d In t. T a x es .
$ 3 0 ,0 0 0
$ 6 ,3 2 6
3 0 ,0 0 0
5,3 8 5

S u rp lu s .
$ 5 0 ,9 2 5
3 4 ,242

Wilmington New Castle & Southern (Electric) Railway.—
Receivership.— Chancellor Nicholson, at D over, D el., re­
cently appointed W ilmer Palmer and J. Chester Gigson,
both of W ilm ington, receivers of this property.
A press d e s p a tc h fro m W ilm in g to n o n M a y 13 s ta te d th a t E . C. J on es &
C o. o f N ew Y o r k had p u rch a s e d $13 1 ,0 0 0 b o n d s o f th e c o m p a n y fr o m a
c o m m itte e c o n s istin g o f M au ry G ib s o n , J o h n T . C ran k sh aw a n d W illia m
M . C a n b y o f P h ila d e lp h ia ; L e v i I . S h o e m a k e r o f W ilk e s -B a rr e , P a ., a n d
W ilm e r P a lm e r o f W ilm in g t o n , D e l.
C o m p a re V . 7 8 , p . 1499.

Yosemite Valley RR.— Entire Line in Operation.— This
com pany has com pleted and on May 15 placed in operation
its standard-gauge steam railroad extending from a connec­
tion with the main lines of the Southern Pacific and Atchison
Topeka & Santa Fe railroads at Merced, Cal., via Pleasant
Valley to the Yosemite National Park, about 80 miles in all.
This road makes possible a trip b y Pullman car, w ithout
change, from San Francisco or Los Angeles to within five
miles of the floor of the Yosemite Valley. N. W . Halsey &
C o., New Y ork, San Francisco, & c., have placed a
except a small am ount of the total issue of $3,000,000 first
m ort. 5 % bonds, due Jan. 1 1936, recent sales being at 101
and interest. In a letter to the bankers President Frank G.
Drum of San Francisco in August last wrote:
T h e r o u te fo llo w e d Is fro m M e rce d In p r a c t ic a lly a d ir e c t lin e t o M e r ce d
F a lls, o v e r c o m p a r a t iv e ly fla t c o u n t r y ; th e n c e a lo n g th e M e rce d R iv e r
t h ro u g h P le a sa n t V a lle y t o th e p a r k te r m in a l, m a k in g a b o u t 80 m iles In all.
T h e M e rce d R iv e r Is th e o u t le t o f t h e Y o s e m it e V a lle y , a n d gives a c c e s s t o
th e sam e b y a g ra d u a l g r a d e w h ic h re n d e rs th is lin e c a p a b le o f e a s y a n d
e c o n o m ic a l o p e r a tio n .
T h e te rm in u s a t W a r d ’s R a n c h , o n t h e b o u n d a r y
o f th e Y o s e m it e N a tio n a l P a rk , w ill b e (is) a b o u t 5 m iles fro m t h e floor o f
th e v a lle v p ro p e r.
T h is te r m in a l Is t o b e (has b e e n ) c o n n e c t e d w ith th e
G o v e rn m e n t r o a d s In th e N a tio n a l P a rk b y a n e w s ta g e r o a d , m a k in g a n
e x tr e m e ly b e a u tifu l a n d a p p ro p r ia te e n tr a n c e t o th e flo o r o f t h e v a lle y .
T h e r a ilro a d c a n b e k e p t o p e n th e y e a r r o u n d , th u s p e r m it t in g a c c e s s t o
th e v a lle y b y th o u s a n d s o f w in te r to u ris ts fr o m S o u th e rn C a lifo rn ia , w h o in
th e p a s t h a v e be e n u n a b le t o v is it t h e v a lle y , as th e o p e n se ason w a s co n fin e d
t o fro m M a y t o O cto b e r .
It Is e x p e c t e d t h a t th e c o m p le t io n o f t h e r o a d
w ill result in a g reat in cre a se o f tr a v e l in to ft he Y o s e m ite V a lle y , p a r ticu la r ly
as it w ill m a k e a trip t o th e v a lle y p o ssib le as a " S a t u r d a y t o M o n d a y ” v a ­
c a t io n fro m e ith e r San F ra n cis c o or L o s A n ge le s.
In a d d itio n t o its th ro u g h p assen ger b u s ln e s s 'a n d t h e e xp re ss a n d fa st
fre ig h t In cid e n t th e r e to , th is r o a d has o p e n e d u p c o n s id e r a b le r ich a g ricu l­
tu ral c o u n tr y b e lo w M e rce d F a lls, fro m w h ic h a g o o d fre ig h t t r a ffic w ill be
o b ta in e d .
T h e re Is a large area o f p a te n te d tim b e r la n d t r ib u ta r y t o th e
r a ilro a d b e tw e e n th e T u o lu m n e R iv e r a n d t h e M e rce d R iv e r , a n d t h e d is­
t r ic t s e rv e d also c o n ta in s a larg e a m o u n t o f lo w -g r a d e o re , w h ic h s h o u ld c o n
tr ib u te m a te r ia lly t o th e e a rn in g p o w e r o f th e r o a d .
T h e re are a lso e x t e n ­
siv e m a rb le a n d g ra n ite qu a rries w h ic h c a n b e o p e n e d u p , a n d a c o n s id e r a ­
ble a m o u n t o f o th e r fre ig h t bu sin ess a lr e a d y assu red.
A s in k in g fu n d is p r o v id e d s u ffic ie n t t o retire 40 % o f th e b o n d issue b y
m a t u r it y , t h e p a y m e n ts ca lle d fo r b e in g as fo llo w s : 1911 t o 1915, ]4 % a n ­
n u a lly o f t h e a m o u n t o f b o n d s o u ts ta n d in g ; 1916 t o 192 0, 1 % a n n u a lly :
1921 t o 1930, 2 % a n n u a lly ; 1931 t o 1935, 2 ] 4 % a n n u a lly .
T h is sin k in g
f jn d Is t o b e in v e s te d in th e b o n d s o f th is issu e o r o t h e r In te r e s t-b e a r in g
se cu ritie s a p p r o v e d b y t h e tru ste e s.
I t is c o n fid e n tly e x p e c t e d t h a t th e n e t e a rn in g s d u r in g t h e first y e a r o f
c o m p le t e o p e r a tio n w ill b e m o re th a n s u ffic ie n t t o m e e t th e a n n u a l In terest
c h a rg e on th e a b o v e issue o f first m o r tg a g e b o n d s .
T h e se e a rn in g s sh o u ld
g ro w fro m y e a r t o y e a r w ith th e In cre a se d v o lu m e o f t r a ffic h a n d le d .
D ir e c to rs : F ran k G . D ru m , P re s id e n t; S an F r a n cis c o ; W m . H . C r o c k e r ,
P re sid e n t C r o c k e r -W o o lw o r th N a tio n a l B a n k , San F r a n cis c o ; N . D . R i d e ­
o u t , P re sid e n t M e rca n tile T ru st C o ., San F r a n cis c o ; T h o m a s P r a th e r ,
P re sid e n t U n io n N a tio n a l B a n k , O a k la n d ; W . W . G a rth w a lte , V ic e -P r e s i­
d e n t O a k la n d B a n k o f S a v in g s , O a k la n d : H e n r y T . S c o t t , c a p it a lis t , San
F r a n cis c o ; H a rry L . T e v ls . c a p it a lis t , S an F r a n c is c o .— V . 8 2 , p . 930.

INDUSTRIAL, GAS AND MISCELLANEOUS.
Albemarle & Chesapeake Canal Co., Norfolk, V a .— P a y­
ment of Overdue Interest.— The follow ing notice was given
under date of June 19:
C o u p o n N o . 55 fro m th e first m o r tg a g e b o n d s ( to t a l issue $500 0 0 0 .—
E d . ) , p r o p e r ly s ta m p e d s h o w in g r e d u c t io n o f I n te re st, m a tu r in g J a n . 1 1907
w ill b e p a id on p r e s e n ta tio n a t th e o ffic e o f t h e c o m p a n y , N o . 424 C itize n s ’
B a n k B ld g ., N o r fo lk , V a .— V . 8 4 , p . 997.

American Car & Foundry Co.— New O fficers.— A Barton
Hepburn has been elected a director in place of W . J.
M cBride, late General Manager.
William M. Hager, formerly Assistant Secretary, has been
elected Secretary to succeed D. A. B ixby. Clarence Price
has been elected a Vice-President. The Executive Com­
mittee is com posed of Frederick H. Eaton, C. R . W oodin
and H. R . Duval.
Report.— See a preceding page.
New Plant Proposed.— The com pany has purchased 170
acres of land at Gary, In d ., adjacent to the new works of
the United States Steel Corporation, and has prepared pre­
liminary plans for the establishment there of a new plant
with a daily capacity of about 100 steel cars daily. The cost
of the plant, it is stated, will be m et ou t of earnings.— V.
84, p. 1369, 933.
American Express Co.— Extension of Service.— The com ­
pany, it is announced, will on July 1 succeed to the local
express business over the Lake Shore & Michigan Southern,
the United States Express Co. continuing to do through
business. Part of the through expressage of the American
Co. will also be shipped over the Lake Shore. On the same

1554

THE CHRONICLE.

date the American Co. will supersede the United States Co.
on all business over the Lake Erie & Western and on Aug. 1
will succeed the Adam s Express Co. on the Boston &
A lbany east of W orcester, Mass.— V. 84, p. 933.
American Gas Co., Philadelphia.— See St. Clair County
Gas & Electric Co.— V. 82, p. 1498.
Erowning Engineering Co., Locomotive Cranes, Cleve­
land.— Preferred Stock Offered.— This com pany is offering
for sale $250,000 7 % cumulative preferred stock. No
bonds or mortgage. A circular says:
O rg a n ized in 1900 (u n d e r O h io law s) fo r d e sig n in g a n d b u ild in g h o is tin g
m a c h in e r y . T h e w o rk s u b le t t o v a r io u s m a ch in e sh o p s b e in g u n s a tis fa c ­
t o r y , it w as fo u n d n ece ssa ry t o h a v e Its o w n s h o p , a n d a t r a c t o f 17
acres
w a s o b ta in e d in C o llln w o o d a n d N o ttin g h a m , s u b u rb s o f C le v e la n d .
The
p la n t has t w o sw itch es fro m th e L . S. & M . S. R R . an d co m p ris e s tw e lv e
b u ild in g s, all n ea rly fir e -p r o o f, h a v in g a flo o r sp ace o f 7 5 ,0 0 0 sq u a re fe e t
a n d c o n n e c t e d b y n a rro w -g a u g e s h o p tr a c k s .
In 1901 It b e c a m e a p p a re n t
t h a t th e lo c o m o t iv e cra n e w as th e s p e c ia lty u p o n w h ic h t o c o n c e n tr a te .
D u rin g th is y e a r th e c o m p a n y b r o u g h t o u t three sta n d a rd sizes o f lo c o m o ­
t iv e cra n es.
B eg in n in g w ith 190 2, th e business d o u b le d ea ch y e a r , an d
d u r in g 1906 th e In com e d e r iv e d fro m lo c o m o t iv e cran es alon e e x c e e d e d
$ 7 2 5 ,0 0 0 , a n d ju d g in g fro m sales a t th e p resen t d a y th e In d ica tio n s are th a t
in 1907 th e t o t a l o u t p u t w ill a m o u n t t o $ 1 ,2 5 0 ,0 0 0 .
T o m e e t th is large
b u sin ess, It w a s n ecessa ry t o se cu re a d d itio n a l m ean s o f p r o d u c t io n , w h ich
th e m a n a g e m e n t d id b y c o n t r a c tin g fo r th e en tire o u t p u t o f th e M ansfield
E n g in eerin g P la n t o f M an sfield , O ., an d th e A m e r ic a n F o u n d r y & M ach in e
P la n t at R a v e n n a , O . T h is w ill requ ire a d d itio n a l c a p ita l, as th e p resen t
c a p ita liz a tio n o f $50 0 ,0 0 0 w ill be t o o sm all t o c a r r y o n su ch a v o lu m e o f
b u sin ess.
T h e re fo re th e ca p ita l s t o c k w ill b e (has been ) in cre a se d t o
$ 8 5 0 ,0 0 0 .
O f th is In crease, $2 5 0 ,0 0 0 Is 7 % p re fe rre d c u m u la tiv e s to c k
w h ic h is n o w offered fo r sale; th is 7 % s to c k has all th e a d v a n ta g e s o f a first
m o r tg a g e e x c e p t in n a m e , th ere b e in g n o m o r tg a g e o r b o n d e d In d ebted n ess
o n th e p la n t.
$10 0 ,0 0 0 o f th e in crea se is c o m m o n s t o c k , w h ic h w ill be
p la c e d in th e tr e a s u r y . T h e c o m p a n y m a d e 23 % on Its en tire c a p ita liz a ­
tio n last y e a r.
T h e business Is n o w u p o n a m a n u fa c tu r in g an d n o t a c o n ­
t r a c t basis.
T h e a d v a n ta g e s o f h a v in g as an o u t p u t an a rticle w h ich ranges
In p rice fro m $ 4 ,000 t o $ 1 5 ,0 0 0 are n u m e ro u s, o n e b e in g th a t th e c o m p a n y
is n o t a p t t o h a v e its resou rces tie d u p , as In th e case o f en gin e e rin g c o m ­
p an ies w h o c o n t r a c t t o p u t in a p la n t c o m p le te fo r several h u n d red th o u s a n d
dolla rs.
B A L A N C E S H E E T D E C . 31 1906.
A ssets ($ 7 0 9 ,7 7 5 ).
|
L ia b ilities ($ 7 0 9 ,7 7 5 ).
L a n d s, b k lg s ., m a c h y ., tools$ 303,250| A c c o u n t s p a y a b le ___________ $62 ,488
P a tte r n s , d ra w in g s, re c o rd s .
N o te s p a y a b le _______________
92,8 2 9
9,318
p r in ts, p a te n ts , g o o d -w ill,
I C u rrent w ages a c c r u e d ______
& c _______________________ 1 0 6 ,9 9 6 1R e s e r v e fo r a c c ’ts n o t r e n d ’ d
3,323
A c c 't s re e e lv . a n d c a s h ____ 133 ,933 ! R e s e rv e t o c o m p le te c o n t r 't s
1,500
C ru d e s t o c k a n d fin ish ed stk .
|A d v a n c e s o n c o n t r a c t s ______
6,375
o n h a n d ___________________ 1 2 6 ,5 1 4 iC a p ita l s t o c k __________________ 5 0 0 ,0 0 0
A d v a n c e t o a gen cies a n d s u b |S u rp lu s _______________________
34,041
s ld ’y c o s . & In t. & Insur.
p re m s. p a id In a d v a n c e ..
3 9 ,0 8 1 1
P re s id e n t, B e n j. F . M iles; S e cre ta ry , E a rl H . B ro w n in g ; T reasu rer,
S h e ld o n C a ry , all o f C levela n d .

Central & South American Telegraph Co.— Partly Esti­
mated Earnings.— For 3 and 6 months ending June 30:
3 M o s .—
T ot. I n c .
N et In c .
$26 8 ,0 0 0
1 9 0 7 ________ $ 39 5 ,0 0 0
190 6
3 5 3 ,0 0 0
2 5 2 ,0 0 0
6 m o s .—
il
190 7
..$ 8 0 7 ,5 0 0
$5 5 5 ,5 0 0
1 9 0 6 . . ...........* 7 0 1 ,0 0 0
4 9 1 ,0 0 0
— V . 84, p . 1430, 1184.

D ivid en d s.
(1 ^ % )$ 1 4 4 ,8 5 5
(1 J* % ) 115 ,884

B a l.S u r .
$ 1 2 3,14 5
136,116

Total S u r.
$ 2 ,1 4 7 ,3 2 6
1 ,6 5 6 ,7 4 9

( 3 % )$ 2 6 0 ,7 3 9
(3 % ) 2 3 1 ,7 6 8

$294,761
259 ,2 3 2

$ 2 ,1 4 7 ,3 2 6
1 ,656,749

Commercial Light, Heat & Power Co., Wilmington, Del.—
Franchise— Increase of Stock.— This com pany, which was
recently granted a franch'se, has filed a certificate increasing
its capital stock from $100,000 to $1,000,000.
T h e d ir e cto r s o f th e S treet a n d S e w e r D e p a r tm e n t o n Ju n e 10 pa sse d th e
o r d in a n c e g r a n tin g th e c o m p a n y a fra n c h is e o v e r th e v e t o o f M a y o r W ils o n .
C ou n sel fo r th e c o m p a n y p r e s e n te d le tte rs fro m R . E . R o b in s o n & C o. an d
E v a n s R . D ic k , o f D ic k B ros. & C o ., N ew Y o r k C ity , o ffe rin g t o fin a n ce
t h e c o m p a n y a n d b u ild Its w o rk s In th e e v e n t o f th e fra n c h is e b e in g g r a n t e d .
— V . 8 3 , p . 892.

Colt’s Arms Co.— Dividend Increased.— This com pany has
declared a quarterly dividend of 1 ^ % , payable July 1, on its
$2,500,000 capital stock. Th s increases the annual rate to
5 % as against 4 % per annum since Oct. 1 1902. There is
an authorized issue of $1,500,000 collateral trust 5 % gold
bonds, of which only $1,200,000 was ever issued and only
$(>00,000 is now outstanding. Th's reduction in the bonds
has b en effected in the last three yea’ s b y the purchase and
retirement of the bonds. New Y ork offic ?, 44 Broadway.
Dayton (O.) Lighting Co.— Change in Capital Stock.—
This com pany recently filed a certificate reducing its author­
ized issue of capital stock from $2,500,000, all of one class
to $1,850,000, and on June 11 filed an additional cer­
tificate increasing its stock from $1,850,000 to $3,500,000,
to consist of $3,000,000 com m on and $500,000 5 % cumula­
tive preferred. Compare V. 80, p. 1425.
Delaware Company of New Jersey.— Option to Exchange
Bonds.— This holding com pany, controlling, through large
stock ownership, the Westmoreland W ater Co., the Derry
W ater C o., the Irwin W ater Co. and the Dennison Water
Supply Co. (all operating in Pennsylvania), notifies the
mortgage bondholders of the Westmoreland and Derry com ­
panies that it is prepared to exchange at par its 5 % collat­
eral gold bonds for their 6 % bonds maturing July 1 1908, anel
and for their prom pt acceptance will pay in cash 1% from
date of acceptance to July 1 1908.
The “ Philadelphia Financial Bulletin” has the follow ing:
T h e a u th o r iz e d Issue o f th e D elaw are C o m p a n y b o n d s Is $ 1 ,2 5 0 ,0 0 0 .
The
G irard T ru st C o. o f P h ila d e lp h ia is tru stee, t o w h o m th e s t o c k c o n t r o l o f
th e fo u r s u b sid ia ry c o m p a n ie s has been assign ed fo r th e p r o t e c tio n o f th e
b on d s.
T h e b o n d s w ill be issu ed fro m tim e t o t im e t o ta k e u p t h e first
m o r tg a g e b on d s o f th e s u b s id ia ry c o m p a n ie s as th e y fa ll d u e , o r c a n be a d ­
v a n ta g e o u s ly p u rch a s ed an d fo r b e tte r m e n ts t o in cre a se th e e a r n in g c a ­
p a c it y o f th e p la n ts . T h e c o m p a n ie s c a n o n ly o b ta in ca p ita l b y m e a n s o f
th ese b o n d s , h a v in g b o u n d th e m se lv e s t o cre a te n o o th e r d e b t .
A lr e a d y
th e D en n ison W a ter S u p p ly C o . b o n d s, $ 1 2 5 ,0 0 0 , h a v e be e n ta k e n u p .
T h e fo u r w a ter w ork s h a v e been In o p e r a tio n fo r o v e r 18 y e a r s , a n d th e
ea rn in gs In recen t yea rs are sh o w in g b ig Increases; b u t e ven n o w It Is e s ti­
m a te d t h a t n o t o v e r 7 5 % o f th e p o p u la tio n Is s u p p lie d .
The W estm ore­
la n d , D erry an d Irw in c o m p a n ie s h a v e g r a v it y p la n ts a n d o b t a in th e ir
w a te r su p p lies fro m m o u n ta in stream s. T h e D e n n iso n p la n t Is s u p p lie d
fr o m a large creek an d has a c o m p le te m e ch a n ica l filtr a tlo n fp la n t.




[V o l .

l x x x iv

.

E a rn in g s o f the F o u r C om p a n ies [o r the L a st F o u r Y ea rs.
Y e a r ending O ct. 3 1 —
1 90 6.
1905.
1 90 4.
190 3.
$16 0 ,7 2 0 $15 5 ,3 2 8 $ 1 4 7 ,3 8 8
G ross e a rn in g s _____ ______ _______ $ 17 8 ,4 6 8
N et e a r n in g s________________ ______
$ 7 0 ,1 1 4
$ 48 ,374 $ 5 0 ,5 9 9
$ 4 8 ,5 5 3
D iv id e n d s p a id ____________________
2 2 ,0 8 8
2 2 ,988
20,7 4 2
19,6 1 7
S u r p lu s ___________________________

$ 4 8 ,6 2 6

$ 25 ,386

$ 29 ,857

$ 2 8 ,9 3 5

Denver Reservoir Irrigation Co.— Consolidation— Bonds
Offered.— The Trowbridge & Niver Co., Chicago, is offering
at par and interest, by advertisement on another page of
to-d a y ’s “ Chronicle,” $1,600,000 first mortgage 6 % bonds
dated Man 1 1907 and due in annual installments on May 1,
namely: $100,000 in 1910, $150,000 yearly 1911 to 1916
and $200,000 yearly 1917 to 1919. Bonds maturing 1913
and thereafter are optional on or after May 1 1912 at 103
and interest. Interest payable N ov. 1 and May 1 at the
American Trust & Savings Bank of Chicago, the mortgage
trustee. Denominations $1,000, $500 and $100. A cir­
cular says:
In c o r p o r a te d u n d e r th e law s o f M ain e, a n d has e ffe cte d a co n s o lid a tio n
o f e ig h t large re serv oir an d Irrigation co m p a n ie s , som e o f w h ich h a v e been
In op e ra tio n fo r m a n y y e a rs. T h e w a te r rig h ts o w n e d co n se rv e th e w a ters
o f th e eastern s lop e o f th e R o c k y M ou n ta in s. T h e c o m p a n y e m b o d ie s th e
b est fea tu res o f th e U n ite d S tates C a rey A c t a n d th e C o lo ra d o M u n icip a l
Irrig a tio n D istrict L a w :
(1) T h e o w n e r o f th e land b e co m e s th e o w n e r o f
th e w a te r.
(2) B y p u rch a se o f a w a te r rig h t th e title t o th e re se rv o irs,
ca n a ls, & c., e v e n tu a lly passes t o th e settlers an d la n d o w n ers, s u b je c t t o
th e lien o f th is b o n d Issue.
(3) T h e p ro p e rtie s are u n d er th e su p e rv isio n
o f th e State E n gin eer a n d , as q u a si-m u n icip a l, are e x e m p t fro m t a x a tio n .
T h e b o n d s are s ecu red ;
(1) B y m o rtg a g e o n th e reserv oirs, ca n a ls ,
w a te r rights an d all p ro p e rtie s n o w ow n ed o r h erea fter a cq u ire d b y th e
com pany.
(2) B y co lla te ra l s e c u r ity in th e fo rm o f m o rtg a g e liens u p o n
th e lan d s w a te re d , d e riv e d fro m sales o f w a te r rig h ts a p p u rte n a n t t o th e
la n d . T h e fa rm er has ten yea rs In w h ich to p a y fo r a p erp etu a l w a ter rig h t
at th e rate o f $40 p e r a cre.
D eferred p a y m e n ts fo r w a te r righ ts draw 6 %
in terest a n d m ust be d e p o s ite d w ith th e tru stee, in th e p r o p o r tio n o f on e
an d o n e -q u a rte r tim es th e a m o u n t o f th e b o n d s issu ed . A s s e c u r ity fo r
e v e r y $ 1 ,0 0 0 b o n d , th e re fo re , th e tru stee h o ld s $1,2 5 0 m o rtg a g e liens u p o n
farm la n d e stim a ted w o rth , w ith w a te r, o v e r $ 3 ,0 0 0 .
A s th e m a rk et v a lu e
o f th e lan d in crea ses, th e v a lu e o f th e s e c u r ity Increases in e v e n grea ter
r a tio , fo r th e reason th a t th e tru st deed p r o v id e s th a t th e m o rtg a g e shall be
va lu ed at n o m ore th a n $40 p e r acre o f la n d .
In ou r ju d g m e n t th e lan d s
herein e stim a te d at $100 p er acre w ill co m m a n d fro m tw o t o five tim es th a t
a m o u n t w ith in th e life o f th e b o n d s .
L y in g b etw een D e n v e r an d G reeley
is an e x te n t o f ch o ice fa rm la n d o f o v e r 2 0 0 ,0 0 0 a cres, a d a p te d t o gen era l
fa rm in g , m a rk et ga rd en in g o r fru it cu ltu re .
T h is la n d Is m u ch o f It arid
a n d u n p ro d u c tiv e : som e o f It Is p a rtia lly Irrigated , b u t w ith o u t sto ra g e
reserv oirs, an d th e s u p p ly o f w a te r falls in th e e a rly su m m er. L a rge c r o p s
o f su ga r b e e ts, a lfa lfa , w h ea t, o a ts, to m a to e s , c a n ta lo u p e s a n d fru it ca n
raised w h erev er re serv oir w a te r is o b ta in a b le .
T h e c o m p a n y has a c q u ir e d , b y p u rch a se o f th e s to c k o f su b sid ia ry c o m ­
p a n ies, b y c o n d e m n a tio n an d b y d ire ct p u rch a se, a n u m b e r o f reserv oirs
an d re serv oir sites a t th e b ase o f th e m o u n ta in s.
Its ten reservoirs a n d
reserv oir sites p r o v id e fo r a stora g e o f a b o u t five billion c u b ic feet o f w a te r,
s u fficie n t t o c o v e r m o re th a n 125 ,000 acres w ith w a te r 12 in ch es d e e p .
Th e t w o largest reservoirs are S ta n d le y L a k e (u n d er c o n s t r u c tio n ), c o v e r in g
an area o f 1.6 8 0 a cres, w ith a circu m fe re n ce o f 7 H m iles, lo ca te d 9 m iles
n o rth w e st o f D en v e r, an d M arshall L a k e re se rv o ir, s itu a te d 15 m iles fro m
D e n v e r.
T h ere are e ig h t o th e r sm aller reservoirs lo ca te d a t v a rio u s p o in ts
In th e t r a c t o f la n d u n d er co n s id e ra tio n , all fo rm in g a c o m p le te sy stem fo r
s to rin g th e w a te r fro m Clear C reek , S o u th B o u ld e r Creek an d a n u m b e r o f
m in o r strea m s. A . S. C ran e, h y d ra u lic en gin eer fo r .T. G . W h ite & C o .,
en gin eers an d c o n tr a c to r s , N ew Y o r k , re p o rts an a v a ila b le w a te r su p p ly
fo r 1 2 9 ,0 0 0 acres, an d D r. E lw o o d M ea d , th e ch ie f irrig a tion e x p e rt o f th e
D e p a rtm e n t o f A g ricu ltu re , W a s h in g to n , fu rn ish es his o p in io n th a t th e
c o m p a n y has a lega l rig h t t o 1 2 5 ,0 0 0 acre feet o f w a te r.
O ffice rs, all o f D e n v er: P re sid e n t, J osep h S ta n d le y ; First V ice -P re s id e n t
an d G eneral M a n a ger, W . E . G o ld s b o ro u g h ; V ic e -P r e s id e n t, T . B . C rok e;
T rea su rer, E . A . N eresh eim er; S e cre ta ry , O . J . S ta n d le y .

be

Derry Water Co.— Option to Exchange Bonds.— See Dela­
ware Company above.
Dominion Iron & Steel Co.— Report for Year ending M ay
31.— The annual report for the year ending May 31 1907
shows on the bas's of coal at the contract price provided in
the contract (in litigation) with Dominion Coal Co.: Net
earnings, $2,247,536; interest charges, $684,384; and surplus
earnings, $1,5^3,152; of which there was transferred to con­
tingent account $810,713 and to sinking fund $64,612. The
report for preceding fiscal year showed net earnings, §1,406,305; interest paym ent, $694,532; balance, surplus, $711,774.
Regarding the results for the late year, an exchange says:
Th e co m p a n y has ch a rg ed u p th e co a l u sed In its o p e ra tio n s at th e o ld
c o n tr a c t p rice o f SI 28 p er to n , Irresp ective o f co s t: th is b ein g th e p rice o f
b ro k e n c o n tr a c t w ith th e D o m in io n C oa l, and w h ich will b e c o n te ste d in
th e co u rts.
T h e ex ce ss c o s t has been ch a rg ed t o a sp ecia l a c c o u n t w ith
th e D om in ion Coal C o . as p art o f d a m a g es fo r w h ich su it Is b r o u g h t.
Up
to M ay 31 th is a m o u n te d to $ 8 1 0 ,7 1 3 , o f w h ich a b o u t $50 0 ,0 0 0 w as p a id
to th e D om in io n C oal C o. T h e b a la n ce represents th e e x tr a c o s t o f c o a
b o u g h t fro m oth e rs.
T h e earn in gs a v a ila b le th u s a m o u n t to $ 7 5 2 ,4 3 8 .
O u t o f th is th e c o m p a n y has taken th e sin k in g fu n d o f th e first m o rtg a g e
b o n d s, an d th e surplus has su ffice d t o cq v e r th e d e ficit carried fro m p a st
yea rs In p ro fit a n d loss a c c o u n t, le a v in g a cred it b a la n ce o f S31 8.0 00.
T h e a ggrega te ea rn in gs N o v e m b e r to F e b r u a r y , In clu siv e, fell o ff a b o u t
$ 2 5 0 ,0 0 0 , as c o m p a re d w ith th e a v e ra g e o f precedlntr m o n th s o f 1906, d u e
to th e b re a k in g o f th e co a l c o n tr a c t b y th e D o m in io n C oal C o.
D u rin g
th e y e a r $30 6 ,0 0 0 w as sp en t o n ca p ita l a c c o u n t, th e c h ie f item b e in g th e
B essem er p la n t.
T h e c o m p a n y has secu red o p tio n s o n several N o v a S co tia
co a l p ro p e rtie s, w h ich are n o w b e in g p r o s p e c te d .— V . 8 4 , p . 696.

Eastmans Lim ited.— Subdivision of Shares.— At a general
meeting of the com pany held on the 13th inst., the necessary
resolutions for sub-dividing the existing preference and ordi­
nary shares into shares of £1 each were duly confirmecl.
F o r th e p u rp ose o f ca rry in g o u t th e ch a n g e th e b o o k s o f th e c o m p a n y w ill
b e closed fro m th e 18th J u ly to th e 31st J u ly in clu s iv e , and on o r a fte r t h e
1st A u g u st n e x t th e n ew certifica tes w ill be re a d y t o be d eliv ered in e x c h a n g e
fo r th e old certifica tes u p o n a p p lica tio n at th e c o m p a n y ’ s o ffic e , 91 C h arte rh ou se S t., L o n d o n , E. C. Joh n L . Bisset Is S e cre ta ry .— V . 80, p . 1237.

Edison Electric Illuminating Co. of B oston .— Extra Divi­
dend.— The directors yesterday declared the regular quarterly
dividend of 2 ^ % and an extra dividend of 1 % , both pay­
able Aug. 1 to stockholders of record July 15. Dividends
of 10% per annum have been paid since early in 1901.—
V. 84, p. 1116, 1055.
Edison Electric Illuminating Co. of Brockton, Mass.—
Option to Subscribe.— Stockholders of record June 18 have
the right to subscribe on or before July 16 for 5,500 shares of
new stock at par ($100 a share) to the extent of 2 1-5 shares
for each share now held b y them respectively. Subscrip­
tions are payable $75 per share on July 16 and $25 on O ct. 8.
The new certificates will be reaely Nov. 1.— V. 84, p. 1116.
General Electric Power Co. of California.— Bonds Offered.—
The com pany is offering for subscription at 9 6 % , through

J

une

29 1907.]

THE CHRONICLE.

B ell, E glof & Co., Kansas City, $1,000,000 of its authorized
issue of $9,000,000 “ first mortgage 30-year 5 % interestbearing first mortgage dividend participating gold b on d s,”
d a ted Oct. 2 1907 and due O ct. 2 1937, bu t redeemable at
op tion of the com pany on any interest date, “ Oct. 2 or
March 2 ,” after 1912, at 105. Sinking fund $200,000 yearly,
beginning in 1912. Par value, $100, $300, $500 and $1,000.
Trustee, Carnegie Trust Co., New Y ork City. A circular
sa ys in substance:
I n c o r p o r a t e d u n d e r th e law s o f C a lifo rn ia S e p t. 190 5. A u th o r iz e d
c a p it a l s t o c k , $ 9 ,0 0 0 ,0 0 0 , o f w h ic h $ 1 ,5 0 0 ,0 0 0 is 7 % p r e fe rr e d .
Par o f
s h a res, $10 0. C o m m o n shares t o th e a m o u n t o f $ 6 ,6 0 0 ,0 0 0 h a v e been
a llo t t e d a n d are fu lly p a id u p , th e p r o c e e d s having' been u tiliz e d in th e
a c q u is itio n o f th e la n d s , w a te r r ig h ts, site s, rig h ts o f w a y , & c., as m e n ­
t io n e d h e r e a fte r.
T h e w h o le o f th e $ 1 ,5 0 0 ,0 0 0 7 % p re fe rre d shares and
8 9 0 0 ,0 0 0 o f th e c o m m o n shares rem ain In th e tr e a s u r y .
O f th e to t a l au ­
t h o r iz e d b o n d Issue, $ 6 ,0 0 0 ,0 0 0 is re se rv e d fo r E n g la n d , F ra n ce a n d H o l­
la n d a n d $ 3 ,0 0 0 ,0 0 0 is t o be so ld in th e U n ite d S ta te s. A ft e r p a y m e n t o f
in te re s t an d o th e r c h a rg e s, th e re shall be p a id w h e n ea rn e d a d iv id e n d
p r o ra ta e q u a lly u p o n th e c o m m o n shares an d th e first m o r tg a g e b o n d s o u t ­
s t a n d in g , u n til e a ch shall h a v e r e c e iv e d 5 % .
A ll fu r th e r earnings shall be
p a id e ith er t o th e c o m m o n sh areh olders o r p la c e d t o su rp lu s o r i m p r o v e ­
m e n t a c c o u n t . T h e t o t a l issu e o f t h e c o m m o n shares shall at n o tim e e x
c e e d $ 7 ,5 0 0 ,0 0 0 w ith o u t th e co n s e n t o f tw o -t h ir d s o f th e o u ts ta n d in g
b o n d s.
B o n d s secu red b y first m o r t .o n all la n d s, w a te r r ig h ts, p la n t, tr a n s ­
m ission lin es, d a m s , c a n a l,p ip e lin es, s ta n d a rd -g a u g e h ig h -te n sio n r a ilw a y ,
fe r r y s y s te m s, d o c k s , & c., n o w o w n e d o r h e re a fte r a c q u ir e d , In clu d in g
t h e $ 3 ,5 0 0 ,0 0 0 s to c k o f th e Clear L a k e & S o u th e rn R R . , in c o rp o ra te d u n d er
t h e la w s o f C a liforn ia , S e p t. 1905, t o c o n s tr u c t a n d o p e r a te a h ig h -te n s io n
s ta n d a r d -g a u g e ele ctr ic r a ilw a y . T h e so u th e rn te rm in u s o f this ra ilw a y
w ill b e San F r a n cis c o — th e n ce b y Its o w n fe rr y sy ste m t o C a liforn ia P o in t ,
o n t h e B a y o f San ra n c ls co , w h e n ce a n o r th e r ly r o u te w ill be fo llo w e d t o
L a k e p o r t , on C lear L a k e , 130 m iles.
T h e c o m p a n y ow n s th e rig h t t o use all th e w aters o f th e M o k elu m n e R iv e r
f o r p o w e r p u rp oses a t a n d a b o v e its m ain d a m in A m a d o r C o u n ty , C a l.,
a b o u t 170 m iles n o rth e a s t o f San T r a n cis c o .
T h is riv e r rises In th e h igh
S ie rra N e v a d a M o u n ta in s, w h ich are p e rp e tu a lly sn ow c o v e r e d , fr o m th e
m e ltin g o f w h ich it is la r g e ly su p p lie d w ith its w a te r. T h e m ain d a m , 150
le e t in h e ig h t, w ill fo rm a re se rv o ir o f a b o u t 400 a cre s, w ith a s to ra g e c a ­
p a c it y o f a p p r o x im a t e ly 1 ,4 0 0 ,0 0 0 ,0 0 0 c u b ic fe e t o f w a te r. A b o v e this
r e s e r v o ir d am s o f m o d e r a te h e ig h t, t o g e th e r w ith large n a tu ral lak es, w ill
p r o v id e a d d itio n a l sto ra g e c a p a c it y , g reater th a n th a t o f th e m ain re se rv o ir.
F r o m th e m ain r e s e rv o ir an a q u e d u c t w ill c o n v e y th e w a te r 17 m iles t o
th e p o w e r h ou se, 1,2 3 0 v e r tic a l fe e t b e lo w .
T h e v o lu m e o f w a te r th u s
su p p lie d w ill g iv e an o u t p u t o f 6 9 ,0 0 0 e le ctr ic h o r s e -p o w e r at th e p o w e r
h o u se , o r 6 0 ,000 n e t co m m e r c ia l h o r s e -p o w e r . fo r sale. T h e cu rren t g e n ­
e r a te d a t th e p o w e r h o u se , w h ich Is a b o u t 153 m iles fro m San F r a n cis c o ,
w ill b e raised t o 8 0 ,000 v o lts fo r tra n sm ission o n lo n g -d is ta n c e lin es, t o
a b o u t 800 c itie s , to w n s an d villa ge s in 15 d iffe re n t co u n tie s o f ce n tra l C ali­
fo r n ia , n o t a b ly San F r a n cis c o , O a k la n d , B e r k e le y , A la m e d a , S a cra m e n to ,
S t o c k t o n , San J o s e , S a n ta C ru z, San R a fa e l, S an ta R o s a , S an ta C lara,
W o o d la n d , L a k e p o r t, N a p a , S t. H ele n a , San M a te o , W llllts , V a lle jo , & c . ,
a n d w ill also b e used t o o p e ra te th e Clear L a k e & S ou th ern R R .
T h e c o m p a n y ow n s all Its d am sites, w a te r r ig h ts, re se rv o ir site s, a q u e ­
d u c t an d railroa d rig h t o f w a y a n d p o w e r hou se site , also lan ds an d term in a ls
In fee s im p le an d possesses also th e rig h t o f em in e n t d o m a in .
T a k in g p o w e r at $40 p er h o rs e -p o w e r p e r y e a r , w h ic h is b e lo w th e p re se n t
sellin g p rice a n d $25 less th a n It ca n be p r o d u c e d b y u s in g th e c h e a p e s t
fu e l (cru d e o il) , give s: 6 0 ,000 e le ctr ic h o rs e -p o w e r at $40, $ 2 ,4 0 0 ,0 0 0 .
D e d u c t o p e ra tin g exp e n se s (e s tim a te d ), $ 17 0,00 0; in su ra n ce , ta x e s , & c.,
$ 3 0 ,0 0 0 ; in terest on b o n d s, $45 0 ,0 0 0 ; sin k in g fu n d , $25 0 ,0 0 0 ; b a la n c e , to t a l
a n n u a l n et p r o fit fro m p o w e r , $ 1 ,5 0 0 ,0 0 0 .
F o r th e C lear L a ke & S o u th e rn
R R . , th e engineers e stim a te a to ta l an n u al re v e n u e o f $ 9 5 0 ,0 0 0 ; o p e r a tin g
e x p e n s e s , ta x e s, & c ., $ 5 9 9 ,6 8 0 ; net earn in g s, $ 3 5 0 ,3 2 0 .
G rand t o t a l
■estimated y e a r ly n e t ea rn in gs, $ 1 ,8 5 0 ,3 2 0 .
A c o n t r a c t fo r th e c o n s tr u c tio n o f th e en tire p o w e r p la n t an d e le ctr ic
r a ilw a y has b een en te re d In to w ith W a ls to n H . B ro w n & B r o s ., N ew Y o r k
C it y , b y w h ich th e y u n d e rta k e t o c o m p le te th e en tire w o rk w ith in t w o
y e a r s u p o n m o s t fa v o r a b le term s t o th e c o m p a n y w ith a g u a ra n ty th a t th e
t o t a l c o s t w ill n o t e x c e e d th e p r o c e e d s o f th e b o n d Issue.
D ir e c t o r s .— H en ry T . S c o t t , San F r a n cis c o , C h airm an ; W illia m H .
U n d e r w o o d , R o c h e s te r , N . Y . , P re s id e n t; A . L . S c o t t , San F r a n cis c o , V ic e P r e s id e n t; G eorg e W . P e ltie r , S a c r a m e n to , T reasu rer; G u y C. C a ld en , San
F r a n c is c o , S ecreta ry ; H e n r y A . B u tte rs, San F ra n cisco ; Joe C raig, W o o d ­
la n d , C a l.; M artin E. W o llf, G eorge W . A r c h e r an d Jam es D . C a sey, R o c h e s ­
t e r , N . Y . ; J oh n S. C a m p b e ll. B u tle r, P a .
O ffic e s o f th e c o m p a n y , San F r a n cis c o , C a l., and R o c h e s te r , N . Y .
T h e c o m p a n y ’s b rok ers are P errin & C o ., 1124 G ranite B u ild in g , R o c h e s te r ,
N . Y . — V . 83, p . 1101.

Green Canyon Coal Co.— Called Bonds.— Eleven 7 % gold
m ortgage bonds, viz.: Nos. 8, 9, 22, 43, 47, 111, 146, 150,
158, 274 and 287, have been called for redemption on July 1
at the office of the International Trust Co., as trustee, Den­
ver, Col.
Hudson County Gas Co.— Listed.— The New Y ork Stock
Exchange has listed $210,000 additional first mortgage 5 %
50-year coupon bonds, due 1949, making the total listed
$10,500,000. The proceeds of the $210,000 bonds have been
or will be used for a d dition s, extensions and betterments.
Compare V. 80, p . 475.
Idaho-Nevada Power Co.— Incorporation.— This is the
com pany whose incorporation was noted in the paranthesis
at the close of statement regarding the Idaho-Oregon Light
& Power Co. in V. 84, p . ; 490.
Idaho-Oregon Light & Power Co.— See Idaho-N evada
Power Co. above.— V. 84, p . 1 490.
International Text Book Co., Scranton, Pa.— Called Bonds.
— Seventeen bonds ($17,000) of the Colliery Engineer Co.
have been called for pa ym en t, interest ceasing July 1.—
V. 84, p. 628.
Louisville Gas Co.— Sale of Bonds Proposed.— The share­
holders will vote July 1 on a resolution authorizing the sale
■of all or part of the bonds of the Louisville Lighting Co.
held b y the com pa n y. The “ Louisville Courier Journal” of
June 22 said:
T h e b o n d s w ill be so ld fro m tim e t o t im e t o m e e t cu rre n t a n d e x tr a o r d ln exJ*enses.
P a rt o f th e p r o c e e d s w ill be used t o help p a y fo r th e new
o f fic e b u ild in g a n d th e rest w ill be u s e d fo r th e e x te n s io n s o f th e c o m p a n y ’s
gas m ain s.
T h e gas c o m p a n y w ill In d orse th e b o n d s fo r th e p a y m e n t o f
t h e p rin c ip a l a n d In te r e s t.— V . 8 3 , p . 1474.

1555

c o m m e n cin g J u ly 1 1907 o f a b o u t $ 8 0 0 ,0 0 0 , as c o m p a r e d w ith th e p rice
b e fo re th e lo ca l gas c o m p a n ie s w ere co n s o lid a te d t w o ye a rs a g o .
T h is re­
d u c tio n is all th e m ore re m a rk a b le w h en o n e co n sid e rs th a t , in th e tim e m e n ­
t io n e d , th e p rice s o f all m a te ria ls a n d la b o r h a v e sh o w n a m a rk ed a d v a n c e .
T h e c o m p a n y has so m e cu s to m e rs w h o use less th a n 50 ce n ts w o r th o f gas
p e r m o n th o n an a v e r a g e , a n d w h o , th e r e fo r e , are a so u rce o f loss t o th e
c o m p a n y ; c o n s e q u e n tly , t o p a rtia lly m e e t th is lo ss, a fte r J u ly 1 th o s e c u s ­
to m e rs u sin g less th a n 50 ce n ts w o rth o f gas p e r m o n th w ill b e ch a rg ed
e n o u g h fo r th e use o f th e m e te r in sta lle d o n th eir prem ises t o m a k e th e to t a l
ch a rg e fo r gas a n d fo r use o f th e m e te r n o t less th a n 50 ce n ts p e r m o n t h .

Earnings.— The follow ing figures were given out last week
in connection with the dividend declarations of the several
companies in the system, which were the same as in the past,
except for the New England Gas & Coke Co., which declared
a dividend of 1 % as against lJ-^% a year ago:
S u rp lu s E a rn in g s
B o sto n C o n so l. G as C o .
N ew E n g . G . & C .
(available fo r d iv id en d s).
190 7.
190 6.
190 7.
1906.
$86 ,144
$ 7 3 ,2 3 0
$ 5 7 ,7 6 6
$ 59 ,480
M a y _______ ______________
E le v e n m o n t h s __________ 1 ,1 1 7 ,0 2 7
1 ,2 2 5 ,7 0 7
4 9 9 ,0 4 0
5 1 7 ,5 2 8
T h e de cre a se o f $10 8,68 0 sh o w n b y th e B o s to n C o m p a n y fo r th e 11
m o n th s is c h ie fly due t o th e d ecrease in th e p r ic e o f gas; th e decrea se in
earnings fo r th e six m o n th s e n d in g D e c . 31 1906 w as $ 1 7 9 ,7 6 2 , f o llo w e d b y
increa ses since e x c e p t in F e b r u a r y .— V . 84, p . 106.

M exican Telegraph C o.— Partly Estimated Earnings.
3 and 6 months ending June 30:
Total
N et
M e x ic a n
3 m o s .—
In co m e.
In c o m e.
G ovt.
D iv id e n d s paid .
1907 . ............. .......$ 1 7 2,50 0
$16 7 ,5 0 0
$ 9 ,0 0 0
( 2 ^ % ) $ 717 ,52
1906
1 7 0 ,5 0 0
1 6 5 ,5 0 0
7 ,5 0 0
(2 }4 % ) 7 1 ,7 4 8
* m o s.—
1907
............$357,500
$ 3 4 4,50 0
$ 18
(5,000
% )$ 1 4 3 ,5 0 2
1906
333 ,5 0 0
3 2 2 ,0 0 0
15,0
0 0) 119 ,5 6 3
(5 %
T o ta l surplus Ju n e 30 190 7, $ 1 ,9 8 0 ,7 3 5 .— V . 8 4, p . 1117.

-For

B a la n ce,
S u rp lu s.
$8 6 ,7 4 8
86,2 5 2
$ 1 8 2 ,9 9 8
1 87 ,4 3 7

Michigan Sugar Co., Saginaw, Mich.— Dividends Begun.
— The board of directors on May 27 passed a resolution pro­
viding for the paym ent of quarterly dividends of
^ % on
preferred stock, to begin June 15 1907.
Annual Report.— The report presented at the annual m eet­
ing on May 27 is.cited as follows:

13

T h e M ich igan Su g ar C o . ow n s an d o p e r a te s s ix p la n ts , lo c a te d a t A lm a ,
S a g in a w , B a y C ity , S e b e w a ln g , C a ro an d C ro s w e ll.
D u rin g th e y e a r ju s t
closed th e c o m p a n y u sed b e e ts h a rv e s te d fr o m 3 6 ,7 1 4 acres, r e d u ce d t o a
to n n a g e o f 3 0 5 ,0 2 2 . T h e to t a l q u a n t it y o f su gar m a n u fa c tu r e d an d p a c k e d ,
e x clu s iv e o f b r o w n su ga r a n d m ola sse s, w as 7 1 ,6 1 7 ,1 7 1 p o u n d s , all o f w h ic h
has been s o ld . T h e c o m p a n y p a id o u t fo r b e e ts $ 1 ,8 8 5 ,8 8 6 an d e x p e n d e d
fo r la b o r an d su pplies $ 5 4 6 ,6 1 7 .
T h e c o m p a n y o w n s an d o p e r a te s th e d r y ­
in g p la n t fo r th e m a n u fa c tu r e o f b e e t p u lp as s t o c k fo o d in A lm a , B a y C ity
an d S ebew aln g. P u lp has a r e a d y m a rk e t an d w ill a d v a n c e n e x t y e a r .
T h e c o m p a n y ’ s acreage f o r n e x t y e a r n o w u n d e r c o n t r a c t has been larg ely
in cre a se d , it n o w h a v in g 4 2 ,7 5 6 a c r e s .— V . 84, p . 1185.

Osceola Consolidated Mining Co.— Dividend Increased.—
The com pany on June 27 declared a semi-annual dividend of
$7 per $25 share, payable July 29 to holders of record July 6.
On Jan. 24 1907 $6 per share was paid. Annual dividend
record since 1893:
D iv id en d s— /1 8 9 3 1895 1896 1897 1898
$2 $2 50 $3
$3
P e r c e n t ____ t $2
— V . 84, p . 1056, 452.

t o ’ 01 1904 1905 1906 1907
$6
$2
$4
$10
$13

People’s Gas Light & Coke Co., Chicago.— Listed.— The
New Y ork Stock Exchange has listed $7,900,000 additional
refunding mortgage 5 % bon ds, due 1947, making the total
am ount listed $10,400,000.
F o r Im p ro v e m e n ts an d a d d itio n s th ere w as e x p e n d e d b e tw e e n S e p t. 1
1897 an d D e c . 31 1899 $ 2 ,9 1 3 ,8 0 3 , o n a c c o u n t o f w h ic h $ 2 ,9 1 3 ,0 0 0 o f
r e fu n d in g b o n d s w ere a u th o r iz e d b y th e d ir e c t o r s t o b e ce rtified b y th e
tru s te e , b u t o n ly $ 8 0 0 ,0 0 0 o f th ese b o n d s w e re e v e r s o ld ; th ese la s t-n a m e d
b o n d s are in c lu d e d in th o s e n o w lis te d .
T h e re m a in in g $ 7 ,1 0 0 ,0 0 0 o f
th e b o n d s ju s t listed w ere issued fro m tim e t o tim e t o re fu n d th e fo llo w in g :
P e o p le ’ s Gas L ig h t & C ok e C o . first a n d se c o n d m o r tg a g e 6 %
b o n d s , d u e In 19 0 4 _________________________________________________ $ 4 ,6 0 0 ,0 0 0
E q u ita b le G as L ig h t & F u el C o . first m o r tg a g e 6 % b o n d s , d u e
J u ly 1 19 0 5 ___________________________________________, _____________ 2 ,0 0 0 ,0 0 0
Illin ois L ig h t, H e a t & P o w e r C o . first m o r tg a g e 7 % b o n d s, d u e
N o v . 1 1915 (retired in F e b . 1 9 0 7 )............... .......................... ..............
5 0 0 ,0 0 0
— 'V . 84, p . 1432. 576.

Portland (Ore.) General Electric Co.— Bonds Offered.—
The Harris Trust & Savings Bank, Chicago, and N. W . Harris
& Co., New Y ork and Boston, have just purchased $250,000
first mortgage 5 % bonds, the proceeds of which will reim­
burse the com pany for 7 5 % of the cash cost of permanent
extensions, im provements and additions.
T h e co m p a n y d oes th e e le ctrlc-llg h t and p o w e r business o f P o r tla n d ,
S alem , V a n c o u v e r an d th e s u rrou n d in g te rrito ry .
I t is a s u b sid ia ry c o r ­
p o ra tio n o f th e P o rtla n d R a ilw a y & L ig h t C o. (see " S tr e e t R a ilw a y ” s e c ­
t io n ), w h ich co n tro ls th e street ra ilw a y , lig h t, heat a n d p o w e r a n d Interu rb a n tr a n sp o rta tio n system s o f P o r tla n d an d n e ig h b o rin g citie s, s e rv in g
a p o p u la tio n o f a b o u t 1 8 0 ,0 0 0 .
T h e P o r tla n d G eneral E le c tr ic C o . is
c a p ita lize d at $ 1 ,2 5 0 ,0 0 0 o f p referred an d $ 2 ,5 0 0 ,0 0 0 o f c o m m o n s t o c k ,
an d at th e p rice at w h ich co n tr o l w as p u rch a sed In 1906 th ere Is, it Is s ta te d ,
a cash e q u ity In the c o m p a n y ’ s p r o p e r t y o f m ore th a n $ 3 ,5 0 0 ,0 0 0 In ex ce ss
o f th e o u tsta n d in g b o n d s .— V . 83, p . 1595.

Randolph-Macon Coal Co.— Time Extended.— The time for
depositing the bonds under the terms of the protective agree­
ment has been extended up to and including July 11.— V. 84,
p. 1490.
St. Clair County (111.) Gas & Electric Co.— Bond Issue.—
This com pany, recently form ed b y consolidation of the Belle­
ville Gas & Electric and East St. Louis Gas Co., has issued
$1,200,000 5 % gold bonds secured by its new first consoli­
dated mortgage recently filed to the Guardian Trust Co. of
Philadelphia, as trustee.
T h is m o rtg a g e is lim ite d t o $ 3 ,5 0 0 ,0 0 0 a n d th e b on d s are d a t e d M arch 1
1907 an d m a tu re M arch 1 1957; Interest p a y a b le S ep t. 1 a n d M arch 1 a t
o ffic e o f tru stee.
O f th e a u th o riz e d Issue, $79 0,00 0 Is rese rv e d t o retire a
lik e a m o u n t o f u n d e rly in g b o n d s w h ich rem ain o u ts ta n d in g .
T h e ca p ita l
s t o c k , all Issued, con sists o f $ 3 ,3 5 0 ,0 0 0 c o m m o n a n d $15 0,00 0 p re fe rre d ;
par o f sh ares, $100.
T h e c o m p a n y Is u n d e rsto o d t o b e c o n tr o lle d b y th e
A m erica n Gas C o ., 224 S ou th 3d S treet, P h ila d e lp h ia .
P r e s id e n t, M orris
W . S trou d ; S ecre ta ry a n d T rea su rer, W a lte r G o d le y .— V . 8 4 , p . 1 3 1 1 , 511.

Massachusetts Gas Companies.— Reduction in Price of
Gas by Subsidiary.— This com pa n y’s subsidiary, Boston
Standard Steel Car Co. of Pittsburgh.— Progress of New
Consolidated Gas Co., on June 24 announced that on July 1
the maximum price of gas will be reduced five cents per Plant.— A technical paper says: “ The new plant of the com ­
thousand feet, making the maximum price 80 cents per pany at Ham mond, Ind., is approaching com pletion and
will be put in partial operation early in July. This plant,
thousand feet. An official statement says:
when fully com pleted, will have a daily capacity for turning
O n J u ly 1 1907 th e B o s to n C o n s o lid a te d G as C o . will v o lu n ta r ily re d u ce
t h e m a x im u m p rice o f gas fiv e ce n ts p e r th o u s a n d c u b ic fe e t, m a k in g th e
out about 50 steel cars, but will not make more than 10 or 15
m a x im u m p r ice 80 ce n ts p er th o u s a n d .T h is r e d u c t io n wUl be th e fo u r th
that th e c o m p a n y has m a d e d u r in g th e p a s t t w o years, ea ch re d u c tio n b e in g cars at the start.”
5 oen ts p e r t h o u s a n d , m a k in g a to ta l r e d u c tio n o f 20 ce n ts p e r t h o u s a n d ,
w h ic h w ill m ean a s a v in g t o th e gas c o n s u m e rs o f B o s to n d u rin g th e y e a r




T h e c o m p a n y ’ s ca p ita l s to ck Is $ 5 ,0 0 0 ,0 0 0 , an d an a d v e rtise m e n t sta tes
th a t th e p la n ts h a v e a c a p a c ity o f 5 0 ,0 0 0 steel an d co m p o s ite freig h t ca rs

1556

THE CHRONICLE.

p s r a n n u m a lo n g w ith steel ca r u n d e rfra m e s, tr u c k s , b o ls te rs , b rak eb e a m s , & c. T h e w o rk s in P e n n s y lv a n ia are lo ca te d at B u tle r a n d N e w
C a stle. A n order, w as r e c e n tly re ce iv e d fro m th e N ew Y o r k N ew H a v e n
& H a r tfo r d R R . fo r 2,6 5 0 steel c a r s .— V . 80, p . 1179.

Tamarack Mining Co.— Dividend Increased.— A semi-annual
dividend of $4 per share has been declared, payable July 23
to stockholders of record July 3, comparing with S3 paid on
Jan. 24 last. Annual dividend record since 1892:
D iv id e n d s .
’ 92 ’ 93 ’ 94 ’ 95 ’ 96 '9 7 ’ 98 ’ 99 ’ 00 ’ 01 ’ 04
P e r c e n t ______1$12 $12 $8 $8 $6 $6 $8 $10 $17 $20 $1 'A
— V . 84, p . 752 .

’ 05 ’ 06 ’ 07
$2 $5 $7

Twin State Gas & Electric Co. (New Hampshire and Ver­
mont).— Bonds Offered.— A. H. Bickmore & Co., 30 Pine
Street, New Y ork, are offering at 90 and interest $500,000
“ first and refunding m ortgage” 43^% 20-year gold bonds,
dated Oct. 1 1903 and due Oct. 1 1926. Denominations
$500 and $1,000. Coupons payable April 1 and Oct. 1 at
Knickerbocker Trust Co., trustee, New York. These bonds
are guaranteed as to principal and interest b y the National
Light, Heat & Power Co., New Y ork (V. 80, p. 1233, 2402),
which controls and operates the com pany and other gas and
electric companies situated in the Eastern and Middle Western
States. The issue is limited to $1,500,000, of which $500,000
is reserved an d can only be issued for 85 % of cost of future
im provem ents and extensions; $500,000 is now offered, and
$500,000 are reserved to retire the underlying bonds, which
are to be retired as rapidly as possible. (See “ Street Railway
Section.” ) A circular says:
T h is c o m p a n y furnish es e le ctric ligh t and p o w e r fo r th e cities and t o w n ”
o f D o v e r , R o c h e s te r , S o m e rs w o rth , S alm on F alls an d H in sd a le in N e w
H a m p sh ire; B e rw ick , N o rth B e rw ick , S o u th B e r w ic k an d L e b a n o n in
M ain e, an d B r a ttle b o r o in V e r m o n t .
I t also furnish es gas In th e citie s o f
D o v e r an d B r a ttle b o r o an d op e ra te s th e B r a ttle b o r o S treet R y .
A ll p r in ­
cip a l fra n ch ises are u n lim ite d . A t D o v e r an d B r a ttle b o r o , th e cen tres o f
d is trib u tio n , th e w a te r-p o w e r p lants, w ith t h o r o u g h ly e q u ip p e d steam a u x il­
iaries, fu rn ish e le ctr ic lig h t a n d p o w e r lo c a lly a n d t o a d ja c e n t to w n s an d
v illa g e s .
T h e gas p la n ts are c e n tr a lly lo c a te d , a n d o f m o d e m c o n s tr u c tio n
an d am p le c a p a c it y .
T h e B r a ttle b o r o S tre e t R a ilw a y , liv e m iles in le n g th ,
ru n s fro m W e s t B r a ttle b o r o th r o u g h B r a ttle b o r o u p t o th e E a st Side H e ig h ts
tr a v e r s in g a t h ic k ly -p o p u la te d s e c tio n .
E stim a te d p o p u la tio n s e rv e d ,
o v e r 5 5 ,0 0 0 .
E a rn in gs fo r y e a r e n d in g Jun e 1 1906: G ross, $17 6 ,6 6 7 ; n e t,
$ 6 5 ,1 6 8 ; flx e d c h a rg es, $35 ,0 0 0 ; su rplu s, $ 3 0 ,1 6 8 .
F o r p e rio d e n d in g
M arch 31 1907 (B r a ttle b o r o d iv isio n 7 m o n th s , D o v e r d iv isio n 6 m o n th s;
th e gross earn in gs w ere $10 6 ,7 1 6 ; n e t, $44 ,9 5 6 ; flx e d ch a rge s, $ 22 ,063 ;
b a la n c e , su rp lu s, $22 ,8 9 4 .
E a rn in g s o f N a tion a l L ig h t, H ea t & P o w er C o . and S u bsid iaries.
P e r io d
G ross
N et
B on d
B a lan ce,
C overed—
E a rn in g s.
E a rn in g s.
Interest.
S u rp lu s.
Y e a r en d in g D e c. 31 1 9 0 6 _ .$ 3 5 3 ,7 7 3
$16 0 ,8 9 8
$66 ,1 3 0
$94 ,768
115,292
65,270
Y e a r e n d in g D e c. 31 1 9 0 5 .. 246 ,492
50,022
Y e a r e,ndlng D e c . 31 1904__ 162 ,968
69,382
36,6 7 6
32,706
6 m os.' e n d in g M ch . 31 1 9 0 7 . 2 86 ,899
80,0 4 0
131 ,259
50,220
— V . 83, p . 499.

United States Express Co. -Lake Shore Business.— See
Am erican Express C o., above.
Committee’s Estimate.— The committee of shareholders
which is seeking an increase in the rate of dividends has
issued a circular in which it is stated that, based upon inde­
pendent investigations, the committee believes the total
value of the assets to be $16,931,000, exclusive of $4,000,000
as the value of the good will of the business, as estimated by
several com petent persons. The com pany has offered to
perm it an audit to be made and to share in the expense.—V. 84, p. 1311.
United States Independent Telephone Co., Rochester,
N. Y .— Option Declared O ff.— Edward F. Goltry and E. A.
Faust of St. Louis on June 19 notified the com pany that the
option on the property at a sale price of $6,000,000 must be
declared off. The independent interests, it is asserted, are
likely to make another proposition for the property.
Sub-Company Enjoined.— See Utica Home Telephone Co.
below .— V. 84, p. 1373, 936.
United Water & Light Co., Pittsburgh, Pa.— Bonds Of­
fered.— The Municipal & Corporation Securities C o., Pitts­
burgh, P a., is offering at par and interest “ first m ortgage and
collateral trust” 5 % gold bonds, guaranteed b y endorsement
(principal and interest) by the American W ater W orks &
Guarantee C o., of Pittsburgh, dated May 1 1907 and due
May 1 1947, but subject to call at 105 and interest. D e­
nominations $500 and $1,000. Interest payable May 1 and
N ov. 1 at Farmers’ Loan & Trust C o., trustee, New Y ork
City. A circular says:
T h ese b o n d s are Issued fo r th e p u rp o s e o f r e fu n d in g a series o f Issues
c o m in g d u e at v a r y in g Intervals on ele ve n w a te r w o rk s a n d t w o e le ctr ic lig h tin g p r op erties , all ow n e d b y th e U n ite d W a te r & L ig h t C o ., n a m e ly :
W a t e r w ork s at M arin ette, W ls .; K e o k u k , Io w a ; K o k o m o , I n d .: M errill,
W is .; K e a r n e y , N e b .: M t. V e r n o n , I n d .: L o u isia n a , M o .; N o rth P la tte , N e b .;
W e lls v ille , N . Y . ; W a h o o , N e b .; G u y a n d o tte , W . V a ., an d e le ctr ic -lig h tin g
p rop erties in M t. V ern on , I n d ., an d W ellsville , N . Y . U n d e r th e term s o f
th e m o rtg a g e , th ere are n o t and ca n n o t be a n y u n d e rly in g b o n d s o r b o n d s
o f a p rior Hen t o this Issue. T h e b o n d s o f th e c o m p a n y can be issued o n l y
u p o n th e d ep osit w ith the tru stee o f first m o r tg a g e b o n d s a gain st th e p r o p ­
erties o f the su b sid ia ry c o m p a n ie s and th e en tire c a p ita l s t o c k o f said c o m ­
p a n ies is also d ep o s ite d as a d d itio n a l se c u r ity .
T o ta l p o p u la tio n o f m u n icip a litie s se rve d b y said c o m p a n ie s in 1 90 0,
F ed era l Cen sus, 7 6 ,621; to ta l p o p u la tio n , In clu d in g su bu rbs in 1907, o v e r
1 0 0 ,0 0 0 .
S ervices t o con su m ers, 12,145; m iles o f p ip e in use, 1 8 2 .6 6 ;
n u m b e r o f c it y h y d ra n ts su p p lie d , 1 ,345; to ta l d a ily p u m p in g c a p a c it y ,
4 2 ,5 0 0 ,0 0 0 gallon s. T h e earnings and e xp en ses o f the a fo re sa id w a te r
w o rk s a n d lig h tin g p rop erties fo r th e y e a r e n d in g A p ril 30 1907 w ere:
G ross r e v en u e, $25 6,47 9; o p e ra tin g e x p en ses an d ta x e s , $13 9 ,9 8 5 ; n e t e a r n ­
in g s, $ 1 1 6 ,4 9 4 . A n n u a l gross e arn in g s, 1903-04, $20 9 ,7 4 4 ; 190 4-0 5, $23 1,246; 190 5-0 6, $25 0 ,9 8 1 ; 1906-07, $ 25 6,47 9.
T h e U n ite d W a te r & L ig h t C o. 5 % b o n d s are u n c o n d it io n a l^ g u a r a n te e d
b y th e A m e rica n W a te r W o rk s & G u arantee C o. o f P itts b u r g h , P a ., w h ic h
c o m p a n y has been d o in g business fo r o v e r 25 y e a r s . Its ca p ita l s t o c k
b e in g n o w $ 2 ,0 0 0 ,0 0 0 ; surplus e arn in g s, $ 1 ,6 0 0 ,0 0 0 ; to t a l, $ 3 ,6 0 0 ,0 0 0 .
O n Jan . 1 1907 th e A m e rica n W a te r W o r k s & G uaran tee C o . o w n e d and
o p e r a te d w a ter w ork s su p p ly in g 112 ,0 7 6 se rv ice s , re p re se n tin g a p o p u la t io n
o f o v e r 1,0 0 0 ,0 0 0 p eo p le served th ro u g h 1,699 m iles o f m ain s.
T h e d a ily
p u m p in g c a p a c it y o f Its 40 p la n ts is 2 3 4 ,2 0 0 ,0 0 0 g a llo n s.
T h e b o n d s w h ich
t h e y g u aran tee are on p la n ts o f such as it o w n s th e en tire c a p ita l s to c k o f.
S in ce 1889 th e A m e rica n W ater W o r k s & G u aran tee C o. has p a id d iv id e n d s
r e g u la rly at an a vera ge rate in e x ce ss o f 6 % on its ca p ita l s t o c k .
A con ­
s e r v a tiv e e stim a te o f th e v a lu e o f th e p ro p e rtie s o w n e d b y th e A m e rica n
W a t e r W o r k s & G u arantee C o. Is at least $ 5 ,0 0 0 ,0 0 0 in e x ce ss o f th e b o n d s
a g ain st its plan ts.
D u rin g th e 25 ye a rs o f Its e x is te n ce th ere has n e v e r
b e e n a d a y ’s d e la y in th e p a y m e n t o f p rin cip a l o r Interest o f a n y b o n d s
g u a ra n te e d b y It; besides th is, e a ch y e a r o f o p e r a tio n has show n In creased
reven u es o v e r t h e p re v io u s y e a r . S ee a ls o V . 84, p . 1373.




[V o l .

l x x x iv .

Utica Home Telephone Co.— Enjoined.— A t Rochester on
June 19 Supreme Court Justice Foote denied the m otion o f
the com pany to vacate an injunction obtained recently b y
the United States Independent Telephone Co., owner of a
m ajority of the stock of the Utica Com pany, restraining it
from taking further proceedings to increase its capital stock.
— V. 84, p. 630, 395.
Virginia-Carolina Chemical Co.— New Director.— Joseph
Bryan of Richm ond, V a., has been elected to succeed the late
Samuel Spencer.— V. 83, p. 277.
Westinghouse Electric & Manufacturing Co.— Earnings.—
For two months ending May 31 1907:
E a rn in g s o f the C o m p a n y a n d lits S u bsid iary C om p a n ies fo r A p r il and M a y
1907.
M a n u fa ctu rin g p r o fit _________________________________________________ $ 1 ,2 4 8 ,7 8 7
M iscella n eou s in c o m e _________________________________________________
155 ,838
T o ta l In co m e ________________________________________ ______ _________ $ 1 ,4 0 4 ,6 2 5
In te re st o n b o n d s an d d e b e n tu re c e r tific a te s , m iscella n eou s in ­
t e r e s t, d e p r e c ia tio n , & c _______________,____________________________
5 84 ,801
N et cr e d it t o su rp lu s______________________________________________
— V . 84, q . 137 3, 1253.

$ 8 1 9 ,8 2 4

Westmoreland Water Co.— Option to Exchange Bonds.—
See Delaware Company above.
Youngstown Sheet & Tube Co.— Extra Dividend.— This
com pany, it is stated, has declared its regular quarterly d iv i­
dend of
and an extra dividend of 2 % , payable July 1.
A te c h n ica l p a p e r says: “ T h e c o m p a n y has d e c id e d t o a d d on e la p w eld
fu rn a ce an d tw o b u tt w e ld fu rn a ces t o Its p ip e p la n t.
T h is c o m p a n y is n o w
m a k in g fro m 14,000 t o 15,000 to n s o f iro n a n d steel p ip e p e r m o n t h , In
sizes ra n gin g fro m M in ch u p t o 1 2 ,in ch e s, an d w h en th e n ew fu rn a ce s are
c o m p le te d it w ill be able t o m ak e a b o u t 2 5 ,0 0 0 t o n s .
W h e n th e n e w w e ld ­
in g fu rn aces are finished th e y w ill a b o u t ta k e u p th e e x c e s s sk elp c a p a c it y .
— V . 83, p . 443 .

— The banking house of Shoemaker, Bates & Co. (37-43
Wall Street and 500 Fifth Avenue) are offering on another
page a very extensive list of railroad corporation and
municipal bonds. Am ong the issues offered are Chesapeake
& Ohio R y . second consolidated gold 4s, due 1989; Chat­
tanooga Station Co. guaranteed 4s, due 1957; Oregon Short
Line refunding gold 4s, due 1929; St. Louis Iron Mountain
& Southern unified and ref. gold 4s, due 1929; Kansas
C.ty Fort Scott & Memphis refund gold 4s, due 1936; also
Third Avenue R y . consols, guaranteed, gold 4s, due 2000;
Kings County Elevated first mortgage gold 4s, due 1949;
Tennessee Coal, Iron & Railway general gold 5s, due 1951,
Brooklyn, N. Y ., 33^s, due 1935, and several others. The
bonds net from 4.1 0% to 7 .2 5 % . A circular giving com plete
details of these issues will be sent upon request.
— Berkeley School, 72d St. and W est End A v e., New Y ork
City, has just issued its annual catalogue and announce­
ment. The gratifying growth of the school this year and
the acquisition of the Callisen School have necessitated the
enlargement of the teaching force and a considerable addition
to the curriculum. With these added facilities and under
the management of its new master, Dr. Callisen, Berkeley
should more than maintain its reputation as a first-class
preparatory school.
— James M. Thom pson, of the Baltimore banking and
brokerage house of James M. Thom pson & Co., announces
that the firm will go into voluntary liquidation on July 1
While the firm is solvent, Mr. Thom pson has decided, owing
to the present financial situation, to withdraw tem porarily
at least from business. He will retain his Baltimore Stock
Exchange membership.
— “ The Railroad Situation in the United States,” b y L. W .
Serrell, M. E .., is a valuable contribution to the study of the
subject. The author makes some strong points, and his
little book of forty pages is very instructive on this im portant
question of the day. We are indebted to Post & Flagg, 38
Wall Street, for a copy of the book.
— E. H. Rollins & Sons advertise in this issue an offering
of $200,000 City of Spokane, W ashington, 43^% school
bonds, dated July 1 1907, due July 1 1927, optional July 1
1917. The bonds are offered at 102 50 and interest, to yield,
about 4.2 0% to the optional period and 4 .5 0 % thereafter.
See particulars in the advertisement.
— An extensive list of high-grade municipal and corpora­
tion bonds is offered for sale b y Lawrence Barnum & C o.,
No. 27 Pine Street. Gilt-edged city and borough issues may
be obtained at prices yielding 3 .8 0 @ 4 % on the investm ent,
bu t m any industrial issues give 5 @ 6 % returns.
— A. H . Bickmore & Co., bankers, 30 Pine Street, are
offering on another page to investors $500,000 Twin State
Gas & Electric Co. first and refunding 4J^% 20-year gold
bonds, to net 5 *4 % . A circular giving full particulars of
these bonds will be mailed upon request.
— C. L. Parmelee & Co., 20 Broad Street, have issued a
circular describing the various issues of the InterboroughMetropolitan Co. with a view of demonstrating the attrac­
tiveness of the underlying bonds as an investm ent.
— Kountze Brothers advertise in our current issue a long
list of State, municipal and corporation bonds whose July
coupons are payable at their banking house, 120 Broadw ay.
— Megargel & Co., bankers, of this city, announce the
opening of a branch office in Dallas, Texas, at 307 Main
Street, for the purpose of dealing in Southwestern securities.
— W ilson, Colston & Co., bankers, Baltimore, have issued
a circular regarding the status and operations of the United
Railways & Electric Co. of Baltimore.

J u n e 29 1907.j

^ht

THE CHRONICLE.

C ^ m x m e r t ia i

COMMERCIAL EPITOM E.
Friday Night, June 28 1907.
General trade has still felt the beneficial effects of season­
able weather, and reports from leading centres are that a
large fall and winter trade is promised. Manufacturers are
busy, prices are in general steady and the feeling in this
country is generally confident. The weather has been bet­
ter for most crops. Speculation has been generally quiet.
L A R D no the spot has advanced, with trade somewhat
more active. Stimulating factors have been a rise in the
m arket for futures, support from packers at the W est, the
firmness of live hogs and smaller offerings of product. City
8J^c. and Western 8.7 5 @ 8 .8 5 c. Refined lard has been dull,
with Continent steady and other grades weak. Refined
Continent 9.25c., South America 10c. and Brazil in kegs 11c.
The speculation in lard futures at the West has been fairly
active and prices have advanced, owing to the risa in wheat,
buying b y commission houses, covering of shorts and some
im provem ent in the spot trade. Packers have sold at times,
but in the mam there has been an absence of aggressive
selling.
D A I L Y C L O S IN G P R I C E S O F L A R D F U T U R E S IN C H IC A G O .
S a t.
M on.
T u es.
W ed . T h urs.
F r i.
8.6 5
8 .8 7 }^
8.75
8.S7J^
8.77
J u ly d e l i v e r y . .................... 8.62JS
S e p te m b e r d e liv e r y ______S .S 2 X
8.85
9.07 H
8 .9 7 ^
9.07
9.02
O c t o b e r d e liv e r y ________ S .S 2 X
8 .9 0
9.1 0
9 .0 2 X
9 .1 0
9.05

P O R K on the spot has been firm, with a fair jobbin g and
export trade. Mess $17 75 @ $ 18 50, clear $17@ $18 and
fam ily $19@ $19 25. Beef has been firm with trade fairly
active and stocks generally light. Mess $10; packet $11 5 0 @
$12; fam ily $12 50@ $14 25 and extra India mess $22. Cut
meats have been generally steady with a moderate jobbin g
trade. Pickled shoulders 8 % @ 9 c ., pickled hams 12J^c.
and pickled bellies llJ 4 @ 1 2 j^ c . Tallow has been m oderate­
ly active and steady; City 6 J 4 @ 6 % c . Stearines have been
dull and easier; oleo 9 j4 @ 9 jiic . and lard 10c. Butter has
been fairly active and firm; creamery, extras, 24J^@ 25c.
Cheese has been active and firmer; State, f. c ., small, best,
12*^c.; large, 1234c. Eggs have been quiet and steady;
Western fusts, 1 5 }^ @ 1 6c.
O IL .— Cottonseed has been dull and easier. Prime sum­
mer yellow , 5 7 @ 5 8 c.; winter, 6 3 @ 6 4c. Linseed has been
firm with a good demand. City, raw, American seed, 4 5 @
46c.; boiled, 4 6 @ 4 7 c.; Calcutta, raw, 70c. Lard has been
dull with prime weaker at 7 4 @ 7 6c. and No. 1 extra steady
at 5 7 @ 5 8 c. Cocoanut has been quiet and steady. Cochin
10 } 4 @ 10 J^c. and Ceylon 9 ^ @ 9 J ^ c . Peanut has been quiet
and steady. Y ellow 5 0 @ 6 0c. Olive has been quiet and
firm; yellow 8 5 @ 9 0c. and green 7 0 @ 7 5 c. Cod has been
m oderately active and firm; dom estic 3 8 @ 4 0 c. and Newfound­
land 4 0 @ 4 2c.
C O FFE E on the spot has been quiet and steady at 6 % @
6 % c . for Rio No. 7 and 6 J^c. for Santos No. 4. W est India
growths have been quiet and steady; fair to good Cucuta
8;H s@9/4c - The market for future contracts has been as
dull as ever and prices have shown no change of im portance.
A t times the tone has been somewhat easier, owing to scat­
tered liquidation b y tired longs. It is still in the main a
waiting market. Meantime the receipts at Rio and Santos
continue on a liberal scale, the spot trade is quiet and there is
no outside interest in the speculation.
The closing prices were as follows:
J u n e ...................... ................
O c t o b e r .......... .......5 .1 5 c . I F e b r u a r y ................ 5 .2 5 c .
J u l y ______________5 .2 0 c .
N o v e m b e r ______5 .1 5 c . 1M a r c h ____________ 5 .3 0 c .
A u g u s t ___________ 5 .1 5 c .
A p r i l ............
S e p te m b e r____ . . 5 . t 5 c . J a n u a r y __________ 5.20c.|JkfM a y ________

1557
COTTON.

Friday Night, June 28 1907.
T H E M O V EM E N T OF T H E CR O P as indicated b y our
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached
21,050 bales, against 25,388 bales last week and 27,775
bales the previous week, making the total receipts since
the 1st of September 1906, 9,598,585 bales, against 7,575,328
bales for the same period of 1905-06, showing an increase
since Sept. 1 1906 of 2,023,257 bales.
R eceip ts at—

S a t.

M on.

G a lv e sto n
____
P o r t A r t h u r ____
C o rp . Christ-1,&c.
N ew O rle a n s____
M o b ile
________
P e n s a c o la _______
J a c k s o n v ille , & c.
Savannah - - . _
B r u n s w i c k ______
C h a r le s t o n ______
G e o r g e t o w n ____
W i lm i n g t o n ____
N o rfo lk ___ __ .
N ’ p o r t N e w s, & c.
N ew Y o r k ____ __
B o s t o n ___________
B a lt im o r e _______
P h ila d e lp h ia ____

321
______
______
528
18
______
______
418
______

T o t . th is w k _ .

____
4
178
---------

T u es.

W ed .

Th urs.

F ri.

T otal.

720

4,051

1,588

1,353

1,366

9 ,3 9 9

_ _
588
24

676
27

1,346
3

Y ,m
83

797
3

5,1 0 6
158

189

540

” 438

3,0 3 4

"2 7 2
---------

2
112
487

25
1,491
487

_
543

906
______

6
______

" '5 2

464
---------

6
258
...........

35

28

26

1,502

2,373

5,9 5 0

58

13
207
---------

" '5 0

” ‘ 89
" ” 25

’ ” 50
928
61

139
928
225

3 ,4 4 8

3,533

4 ,2 4 4

2 1 ,0 5 0

_

The following shows the w eek’s total receipts, the total
since Sept. 1 1906, and the stocks to-night, com pared with
last year:
1 90 6-0 7.
u e c e lp ts to
J u n e 28.

T h is
w eek.

G a lv e s to n ________
P o r t A r t h u r ______
C o rp . C h ristl, & c .
N ew O rle a n s ____
M o b i l e ____ ____
P e n s a c o la ------------J a c k s o n v ille , &c_
S a v a n n a h .. ____
B r u n s w ic k _______
C h arleston
G e o rg e to w n ____
W ilm in g to n ____
N o r fo lk ___________
N ’ p o r t N ew s, & c .
N ew Y o r k ----------B o s t o n ___________
B a ltim o re ________
P h il a d e l p h i a ------T o t a l _____

—

S in cS S ep
1 1906.

S to c k .

190 5-0 6.
T h is
w eek.

S in ce S ep
1 1905.

1907.

1906.

9,399 3 ,841,301
______
132,823
.. _
72,015
5,106 2 ,255,741
158 *256 ,167
______
142 ,919
7,602
3,034 1,4 6 2 ,6 4 9
170,609
146,734
~58
1,195
25
322 ,2 1 2
580 ,3 8 7
1,491
487
4 1 ,0 6 4
22,704
71,827
139
60,796
928
225
9,840

10,998 2 ,5 1 1 ,3 2 4
111 ,690
59
37,384
10,522 1 ,6 0 1 ,8 3 4
2 38 ,195
934
______
144 ,418
17,314
4 ,6 6 2 1,4 5 2 ,3 2 1
15
184,510
184
169,692
8
1,236
3 19 ,674
1,175
1,711
622 ,892
2 1 ,792
10
6,5 7 5
125
6 2 ,246
103
63,468
131
8,763

1,502
19,317
347
163 ,0 3 9
7,2 3 5
5 ,5 2 5
3,424

1 15 ,083
4 ,7 7 5
2 ,5 7 0
5 ,3 9 2

21,0 5 0 9 ,5 9 8 ,5 8 5

3 0 ,6 3 7 7 ,5 7 5 ,3 2 8

346 ,2 3 2

3 1 8 ,0 0 1

4 1 ,8 9 6

45 ,7 2 6
_______

63,801
6,4 7 0
_______

6 8 ,477
4 ,5 6 2

2 6 ,643
645
6 ,3 8 8

32,683
8,643
4,2 8 5
6,5 7 9
19,2 2 6

* 3,5 5 9 bales a d d e d as c o r re c tio n o f re ce ip ts sin ce S e p t. 1.

In order that com parison m ay be made with other years,
we give below the totals at leading ports for six seasons:
R eceip ts at—
G a lv e s to n ,& c.
N ew O rleans .

1907.

1906.

190 5.

S a v a n n a h ___
C h a r le s to n , & c
W ilm in g ’n ,& c
N o r f o l k ______
N ’ p o r t N ., &c.
A ll o t h e r s ____

9,399
5,106
158
3 ,034
58
25
1,491
487
1 ,292

11,057
10,522
934
4,662
192
1,175
1,711
10
374

23,631
17,982
2,1 7 0
13,003
901
1 ,0 0 0
5 ,8 6 0
461
7 ,8 8 6

T o ta l th is w k .

2 1 ,050

30,637

72,894

1904.
1,263
9,929
225
2,7 5 0
581
27
1,705

1903.

1902.
2,1 9 2
3,702
47
1,9 2 8
12
558
900

” ” 894

1,520
12 ,650
74
447
6
35
2,761
645
1,415

” 2',816

17,374

1,9553

12,155

S in ce S e p t. 1 . 9 ,5 9 8 ,5 8 5 7 ,5 7 5 ,3 2 8 9 ,4 2 7 ,2 5 4 7 ,0 5 3 ,9 8 7 7 ,5 7 9 ,4 6 6 7 ,3 8 2 ,3 6 9

The exports for the week ending this evening reach a total
of 42,350 bales, of which 24,635 were to Great Britain,
1,791 to France and 15,914 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1906:

S U G A R .— Raw has advanced on light offerings and m od­
erate buying by refiners. Centrifugal, 96-degrees t e s t,3 % c .,
Week ending June 28 1907.
From Sept. 1 1906 to June 28 1907.
Exported to—
Exported to—
m uscovado, 89-degrees test, 3 % c ., and molasses, 89-degrees
Exports
test, 33^c. Refined has been more active and an advance is
Great
Irom—
Conti­
Great
Conti­
Britain. F r ’nee nent.
Total.
Total. Britain. France. nent.
expected in the near future if the weather continues sea­
sonable. Granulated 4.90c. Teas and spices have been in G a lv e s to n ____ 4,939 .... 5,704 10,643 1,763,796 462,177 1,089,180 3,315,153
75.861' 132.823
56,962!
. .
moderate jobbin g demand and generally firm. Hops have
Corp.Christi,&c
1,547
1,547
been dull and steady.
New O rleans.. 1*1.491 '1 5 5
2,419 14’,065 915,463 279.884 834,342 2,029,689
P E T R O L E U M .— Refined has been active and strong, with
5,500
5,500
74,404 28,059
60,406 162,869
55,809 153,303
68,152 29,342
an increased trade for domestic account. Refined barrels Fernandlna . .
100
100
8.45c., bulk 5.00c. and cases 10.90c. Naphtha has been Savannah ____ ” 160 l ’.io o 2,092 3",352 162,306 50,866 702,199 915,371
52,519 142,240
89,721
active and firm; 7 3 @ 7 6 degrees 18c. in 100-gallon drums.
21,393
Charleston____
21,393
.......... .... .......... ..........
Gasoline has been active and firm; 86 decrees 21c. in 100-gal­
125-242 6’,000 186,265 317,507
5,257
8,369
3,112
745
745
lon drums. Spirits of turpentine has been quiet and steady
4.420
1,720
Newport News
6,140
at 60J^c. Rosin has been dull and easy; com m on to good New
Y o r k ____
1,022
529 2,778
4,329 204,670 39,194 216,177 460,041
strained $4 4 0 @ $ 4 45.
499
6
550 137.054' _____
17,765 154,819
6,182
65,050 160,203
a ltim o re ____
400
88,971
7
407
TOBACCO .— There has been no essential change in the B
35,581
4,270
Philadelphia . .
” 268
..2 6 8
39,851
dom estic leaf situation. Trade has continued quiet in the Portland, M e ..
7,512
7,512
11
11
81,002
81,002
Francisco.
m ain, but prices have ruled generally firm. The weather San
96.446
96,446
Seattle ______
2,508
2,508
o f late has been favorable for crop progress, but some unfa­ Tacoma .........
49,542
49,542
17
17
900
900
O re.
::::
vorable reports are still being received. It is stated that an Portland,
4,176
P e m b in a _____
4,176
advance of 10% in the price of cigars is being considered by D etroit_______
’ 9 ,679
9,679
Havana manufacturers. There has been a good demand of
T o t a l ............ 24,635 1,791 15.924 42,350 3,747,045 901,7043,621,926 8,270,675late for new crop Sumatra at firm prices.
C O PPE R has been quiet and easier; lake 23J4@23J^c. and Total 1905-06. 12,868 8,784 18,212 39,86412,773.002 716,968J2,735,306|6,225,276
1
electrolytic 2 2 J ^ @ 2 2 ^ c . Lead has been dull and easier at
In addition to above exports, our telegrams to-night also
5 .7 0 @ 5 .J 5 c. Spelter has been quiet and easier at 6 .4 0 @
6.45c. Tin has been quiet and easy at 43c. for Straits. Iron give us the follow ing amounts of cotton on shipboard, not
has been less active and easier; No. ' l Northern $2350(5) $24; cleared, at the ports named. We add similar figures for
No. 2 Southern $23 50@ $24.
New Y ork.




1558

THE CHRONICLE.
On S h ip b o a rd , N o t Cleared f o r -

J u n e 28 a t-

G reat
B ritain . F r a n ce
4,4 1 6
1,075

N e w O rlea n s.
G a lv e sto n —
S a v a n n a h ___
C h a r le sto n —
M o b i l e _______
N o r f o l k --------N ew Y o rk —
O th e r p o r t s . .

G erOther
m a n y . F o r e ig n
2,3 8 8
1,792

6,1 1 8
4,1 7 0

Coastw ise.

L eaving
sto ck .

1,343
1,886
600

14,411
8,923
600

80
13,244

” 180
13,244
2,8 0 0
1,400

4 9 ,3 9 0
32,973
26,043
6,388
6,2 9 0
6,073
1 60 ,239
17,278

41,5 5 8
64,520
106,817

3 0 4 ,6 7 4
253,481
292 ,775

246
8,577
5,3 4 8

T ota l 190 7.
T o ta l 1906T o ta l 190 5.

Speculation in cotton for future delivery has been on a
com paratively small scale, so far as m ost months are co n ­
cerned, but, mainly owing to bullish manipulation of J u ly
and August, prices have advanced. This rise took place
in the face of generally favorable weather conditions and im ­
proving crop advices. There is a widespread belief that the
Bureau report which is to appear on Tuesday, July 2, will
show a considerable im provem ent in the condition since the
last report. Meantime the speculation has dwindled to
merely professional proportions, m any preferring to await
the next Governm ent report before taking a decisive stand
one w ay or the other. Rumors have been in circulation
that very large private settlements of short contracts in July
have been made; but these have not been, it would seem,
entirely confirmed. Some cotton has arrived from Liver­
pool for delivery on contracts, the total quantity thus far
received being about 2,000 bales, some of it of rather low
grade, and the rest, it would appear, of very fair quality.
W hether there will be further im portations of im portance
w ould seem to depend in a measure on whether the rumors
o f July settlements are true or not. The situation has been
in a measure confused b y the general impression that prom i­
nent interests, which have apparently been bidding up July
and August at the same tim e, have been selling O ctober,
Decem ber and January, though on Thursday this process
seems to have been for the m om ent reversed. August was
then offered somewhat freely, and an effort was seemingly
made to advance the price of O ctober. The idea is very
general, too, that for the time being the local market is
dom inated very largely b y one operator and his following.
The outside public has to all appearances taken very little
interest in the speculation, owing partly to several weeks of
better weather, and partly to the fact that, although the sea­
son is reported to be about two weeks late over much of the
belt, and the plant is small, the general condition of the crop
has im proved, cultivation being m ore thorough and the
fields, according to m any reports, being pretty well cleaned
up. Advices to this effect have come from m any sections
of Texas. Spot markets, however, have continued strong,
sales from the local stock are said to have been made to Fall
River mills and the dry goods trade has been benefited b y more
seasonable weather. To-day prices again advanced rather
sharply, owing to the prom pt stopping of July notices for
some 20,000 bales, and renewed and aggressive manipulation
o f July and August b y leading operators and not a little cov cring of shorts. Liverpool people are understood to have
bought August to some extent. New Orleans interests sold
O ctober and Decem ber. All are now awaiting with m uch
interest the next Bureau report, which is to appear on Tues­
day, July 2. Spot cotton has been m ore active. Middling
uplands closed at 13.15c.,an advance for the week of 30 points.
The rates on and off middling, as established N ov. 21 1906
b y the Revision Committee, at which grades other than
middling m ay be delivered on contract, are as follows:
" F a ir _____ ______c . 2.00 on Strict low m id - .c . 0.14 oft
Strict m id. f a i r . . . 1.75 on Fully low m id____0.32 Off
Low m iddling____0.50 off
M iddling fa ir _____1.50 on
Barely mid. f a ir .. 1.25 on Barely low m id___0.70 off
Strict good o rd ___0.90 off
S trict good m id___1.00 on
Fully good o rd ____1.07 off
F u lly good m id___0.88 on
Good ordinary___1.25 oft
G ood m iddling___0.76 on
Barely good m id .. 0.57 on Strict g d mid. tgd. 0.30 on
■Strict m iddling___0.38 on G ood mid. tinged- Even
Middling _________
Basis 1Strict mid. tinged. 0.06 off

Middling tin g e d .c.
Strict low m id.ting
Low mid. tin g e d ..
Strict g’ d ord. ting
Fully m id. stained
Middling stained- Barely mid.stained
Strict low m. stain.
Fully 1. m. stained
Low mid. stained.

0.12
0.46
0.90
1.25
0.42
0.50
0.78
1.50
1.75
2.00

off
off
off
off
off
off
off
off
off
off

The official quotation for m iddling upland cotton in the
New Y ork market each day of the past week has been:
J u n e 22 to J u n e 28—
S a t.
M id d lin g u p la n d ________________ 1 2 .8 5

M on.
1 3 .0 0

T u es
13.10

W e d . T h u rs.
12.90
13.00

F ri.
13.15

N E W Y O R K Q U O TA TIO N S F O R 32 Y E A R S .
The quotations for middling upland at New Y ork on
June 28 for each of the past 32 years have been as follows:
1 9 0 7 ..
1906 __
1 9 0 5 -_
1904 _ _
1 9 0 3 ..
1 9 0 2 ...
1901_ _
1 9 0 0 ...

- - c _ 1 3 . 1511899- . . . c .
____ 10.80 1898 _______
1897 - - . ____ 9.90
-.
____ 10.85 189 6. . .
____ 13.35 1895- ______
1 8 9 4 . _______
____ 9.25
189 3. ____
____ 8.81
1892- _______
____ 9.75

6 .0 6 ( 1 8 9 1 ____
6 .3 8 1 1 8 9 0 ____
7 .7 5 1 1 8 8 9 ____
7 .5 0 ! 1 8 8 8 . ...
7 .0 0 1 1 8 8 7 ____
7 .2 5 1 1 8 8 6 .. .
7 .9 4 ( 1 8 8 5 ____
7 .3 8 1 1 8 8 4 ____

-C 8 38
. ..1 2 .0 0
. . 1 1 00
- . 1 0 19
. . 1 0 94
. . 9 38
. . 1 0 44
...1 0 94

1 8 8 3 -- .
1 8 8 2 .1881 -_
1 8 8 0 -_
1 8 7 9 .. .
1 8 7 8 .. .
1 8 7 7 ...
|1 8 7 6 . .

..c .1 0 .3 8
____ 12.50

___11.00
____ 11 .88
____ 1 2 .4 4
____ 11.69
____ 12.00
____ 12.00

.•Saturday. .
M o n d a y ___
T u esd a y . .
W edn esda y
T h u rsd a y _
F r i d a y ____

F irm
F irm
F irm
Q u iet
Q u iet
Q u iet

............... ............
15 p t s . a d v ___
10 p ts . a d v ___
20 p ts . d e c ___
10 p ts . a d v ___
15 p ts . a d v ___

_____________________
....................




F u tu r e s
M a rk et
C losed.
B a re ly s te a d y
V e r y s te a d y .
F i r m ________
S t e a d y ____ __
S te a d y
.Steady

S a les o f S p o t and C ontract.
C on C on­
E x p o rt su m ’ n. tract.
250
6,8 0 0

::::

lxxxtv.

F U T U R E S .— The highest, lowest and closing prices at
New Y ork the past week have been as follows:

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mm

T H E V IS IB L E S U P P L Y OF C O TTO N to-night, as made
up b y cable and telegraph, is as follow s. Foreign stocks,
as well as the afloat, are this w eek’s returns, and
consequently all foreign figures are brought down to
Thursday evening.
But to make the total the com ­
plete figures for to-night (Friday), we add the item of ex ­
ports from the United States, including in it the exports of
Friday only.
J u n e 28—
1907.
S to c k at L i v e r p o o l . . ............. b a le s . 1 ,1 3 1 ,0 0 0
S to c k a t L o n d o n .................................
1 2 ,0 0 0
S t o c k at M a n c h e s t e r _____________
8 5 ,0 0 0
T o ta l G reat B rita in s t o c k .......... 1 ,2 2 8 ,0 0 0
S to c k at H a m b u r g ______ _________
1 4 ,000
S to c k at B r e m e n _________________
3 0 0 ,0 0 0
S t o c k at A n t w e r p ________________
_______
S t o c k at H a v r e ____________________
2 2 2 ,0 0 0
S to c k at M arseilles________________
3 ,0 0 0
S t o c k at B a r c e l o n a _______________
1 6 ,000
S t o c k at G e n o a ........................... .........
7 3 ,0 0 0
S to c k at T r i e s t e _________ _________
30,0 0 0
T o t a l C o n tin e n ta l sKocks.............

6 5 8 ,0 0 0

1 90 6.
7 4 6 ,0 0 0
1 6 ,0 0 0
6 4 ,000
8 2 6 ,0 0 0
1 4 ,0 0 0
2 1 8 ,0 0 0
_______
1 1 6 ,0 0 0
4 ,0 0 0
1 3 ,0 0 0
3 9 ,0 0 0
7 ,0 0 0
4 1 1 ,0 0 0

1905.
8 4 1 ,0 0 0
1 3 ,000
5 7 ,0 0 0
9 1 1 ,0 0 0
14,0 0 0
3 0 8 ,0 0 0
1,000
1 1 4 ,0 0 0
3 ,0 0 0
2 7 ,0 0 0
2 6 ,0 0 0
4 ,0 0 0
4 9 7 ,0 0 0

T o t a l E u rop ean s to c k s .............. . . 1 , 8 8 6 , 0 0 0 1 ,2 3 7 ,0 0 0 1 ,4 0 8 ,0 0 0
In d ia c o tto n afloa t fo r E u ro p e ___ 2 0 3 ,0 0 0
166 ,000
7 0 ,0 0 0
A m e rica n c o t to n afloa t fo r E u ro p e 1 2 1 ,5 0 2
173,732
2 4 6 ,0 0 0
E g y p t, Brazil, & c., aflt. fo r E u r o p e
3 4 ,000
12,000
21,0 0 0
S to c k In A le x a n d r ia , E g y p t ...........
8 2 ,0 0 0
7 9 ,000
135 ,0 0 0
S to c k In B o m b a y , I n d i a .................. 7 5 8 .0 0 0
904 ,000
9 2 8 ,0 0 0
S to c k In U . S. p o r ts ........................... 3 4 6 ,2 3 2
318,001
3 9 9 ,5 9 2
S to c k in U . S . in te rio r t o w n s ........... 168 ,463
197,576
2 17 ,299
U . S. e x p o r t s t o -d a y ............ ...............
9 ,5 9 6
10,772
1 1 ,342

1904.
4 8 5 ,0 0 0
1 3 ,0 0 0
4 0 ,0 0 0
5 3 8 .0 0 0
23,0 0 0
1 7 8 ,0 0 0
4 ,0 0 0
139 ,000
4 ,0 0 0
3 8 ,0 0 0
3 6 ,0 0 0
1 5 ,0 0 0
4 3 7 ,0 0 0
9 7 5 ,0 0 0
1 1 0 ,0 0 0
109 ,0 0 0
21,0 0 0
1 10 ,000
4 7 5 ,0 0 0
167 ,026
107,903
8

T o ta l v is ib le s u p p ly ............... ... 3 , 6 0 8 , 7 9 3
3,0 9 8 ,0 8 1 3 ,4 3 6 ,2 3 3 2,0 7 4 ,9 3 1
O f th e a b o v e , to ta ls o f A m e r ic a n an d o th e r d e s c r ip tio n s are as fo llo w s :
A TTieTican—
L iv e r p o o l s t o c k . .............. . . b a l e s . . 9 9 7 ,0 0 0
6 3 8 ,0 0 0
7 7 2 ,0 0 0
3 63 ,000
M a n ch e ste r s t o c k _________________
7 6 ,0 0 0
5 4 ,0 0 0
4 9 ,0 0 0
3 1 ,000
C o n tin e n ta l s t o c k ................................ 5 4 9 ,0 0 0
351 ,0 0 0
4 5 6 ,0 0 0
3 22 ,000
A m e r ic a n a floa t fo r E u r o p e _______ 121 ,502
173,732
2 4 6 ,0 0 0
1 09 ,000
U . S. p o r t s t o c k s ___________________ 3 4 6 ,2 3 2
318,001
399 ,592
167 ,020
U . S. In terior s t o c k s .......... ................. 168 ,4 6 3
197,576
217 ,2 9 9
1 07 ,303
U . S . e x p o r ts t o -d a y ............................
9 ,5 9 6
10,772
11,342
8
T o ta l A m e rica n ............................. 2 ,2 6 7 ,7 9 3
E a st In d ia n , B ra zil, & c .—
L iv e r p o o l s t o c k ___________ _________
134 ,000
L o n d o n s to c k ..... .................................
12,0 0 0
M anch ester s t o c k ................................
9 ,0 0 0
C on tin en ta l s t o c k ................................
1 09 ,000
I n d ia a floa t fo r E u ro p e ........ ............
2 0 3 ,0 0 0
E g y p t , B razil, & c ., a flo a t ...............
3 4 ,0 0 0
S to c k in A le x a n d r ia , E g y p t ...........
8 2 ,0 0 0
7 5 8 ,0 0 0
S to c k in B o m b a y , I n d i a . . .............

1,7 4 3 .0 8 1 2 ,1 5 1 ,2 3 3
108 .000
16,000
1 0 ,0 0 0
6 0 ,0 0 0
1 6 6 .0 0 0
1 2 ,000
7 9 ,0 0 0
9 04 ,000

69,0 0 0
13,000
8,0 0 0
4 1 .0 0 0
7 0 ,0 0 0
2 1 ,0 0 0
135 ,0 0 0
928 ,0 0 0

1,0 9 9 ,9 3 1
1 2 2 ,0 0 0
1 3 ,0 0 0
9 ,0 0 0
1 1 5 ,0 0 0
1 10 ,000
2 1 ,0 0 0
1 1 0 ,0 0 0
4 7 5 ,0 0 0

T o ta l E a st I n d ia , A c .................... 1 ,3 4 1 ,0 0 0 1 ,3 5 5 ,0 0 0 1 ,2 8 5 ,0 0 0
9 7 5 ,0 0 0
T o ta l A m e r i c a n ..............................2 ,2 6 7 ,7 9 3 1,743,081 2 ,1 5 1 ,2 3 3 1,0 9 9 ,9 3 1

M A R K E T AN D SALES AT NEW Y O R K .
S p ot M a rk et
C losed.

[V o l .

T otal.
250
6 ,8 0 0

___

" io o

‘ io o

7 ,1 5 0

7 ,1 5 0

T o ta l v isib le s u p p ly .......................3 ,6 0 8 ,7 9 3 3 ,0 9 8 ,0 8 1 3 ,4 3 6 ,2 3 3 2,0 7 4 ,9 3 1
M id d lin g U p la n d , L iv e r p o o l______
7 .1 5 d .
6 .1 0 d .
5 .3 4 d .
5 .9 6 d .
M id d lin g U p la n d . N ew Y o r k ______
1 3 .1 5 c .
1 0 .8 0 c.
1 0 .1 5 c .
1 0 .8 5 c.
E g y p t , G o o d B ro w n . L i v e r p o o l -,
lid .
H H d.
8 d . 7 7 -1 6 d .
P e ru v ia n , R o u g h G o o d , L iv e r p o o l
1 1 .2 5 d .
8 .6 5 d .
9 .8 0 d .
1 0 .5 0 d .
B ro a ch . L in e, L iv e r p o o l............. . . 5
6 # d . 5 ll-1 6 d .
5Hd.
5 > id .
T in n e v e lly , G o o d , L iv e r p o o l...........
5Hd.
5^ d.
5 1 -1 6 d . 5 9 -1 6d -

Continental im ports past week have been 64,000 bales.
The above figures for 1907 show a decrease from last week
of 159,802 bales, a gain of 510,712 bales over 1906, an ex­
cess of 172,560 bales over 1905, and a gain of 1,533,862
bales over 1904.

June

1559

THE CHRONICLE.

29 1907.]

A T T H E I N T E R I O R T O W N S the movement— that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year— is set out
in detail below.

Q U O T A T IO N S FO R M ID D L IN G COTTON A T O T H E R
M A R K E T S .— Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.

.

Movement to June 28 1907.Movement to June 29
1906.
Towns.
------------------ ---------------- ------------------------------------ —
Receipts.
Ship Stocks Receipts.
Ship- Stocks
------------ ments. J u n e --------------- ments.
June
Week,
Season.
j
Week. 28.
Week.
Season.
Week.
29.
Eufaula,
Alabama .............................. .......
4 21,665
.................. 406 90
23,381
09 1,850
M ontgomery,
“
..........................
554 176,715 1,102
1,958
159 166,345 1,325 11,471
Selma,
“
...................... 25
107,277 97
222
76 103,253
539 4,623
Helena,
A r k a n sa s .................. 50
68,048 125
1,626
6 53,980
31 196
Little Rock,
“
'_______
299240,749 2,043
10,258
378 188,891 1,019 26,124
Albany,
Georgia ...........
22,999
.. 391
4 29,264
243 1,848
....
7 107,0961 125
2,700
212
89,204
899 8,778
Athens,
"
Atlanta,
“
.
210 143,074| 108
4,625
270
47,362
367 2,124
Augusta,
“
.....
823 365,201! 1,967
11,707
285 349,535 2,575 28,160
............
27 54,999 300
1,062
90
72,224
560 14,151
Oolumbus,
“
Macon.
“
............
156,176; 43
491
20
58,437
244 4,500
Rome,
“
............
16654,036 j 125
3,972
31
43,316
61 3,792
Louisville,
Kentucky, n e t _
_
7,817 20
100
90
7,375
90 100
Shreveport,
L o u isian a ______
111197,365 1,015
3,932
38 102,941
563 3,166
Columbus,
M ississip p i_____
6 51,498 10
4,109
27
36,763
128 998
Greenville,
“
..........
825 66,583 851
1,352
4 42,094
69 483
Greenwood
“
............ ........................
625 2,575
.
62,885
300 1,300
80,012
Meridian
“
............
103 96,690 424
1,925
382
72,791
596 6,598
Natchez,
“
............ 50
73,944
3
1,366
109
47.168
707 1,274
Vicksburg,
“
..................................
5585,359 1,252
2,217
5 69,642
335 3,412
Yazoo City,
“
............ ........................
55,125
158
900
.
52,752
......... 530
St. Louis,
Missouri .............. ........................ ........................
4,038794,8958,08918,6903,707 529,947 5,691 28,079
6218,83250
409
208
14,584
175 728
Raleigh,
North C arolina, ........................
Cincinnati,
O hio ........................ . ......................
1,541146,4542,0097,608 991 152,693 1,123 7,476
Greenwood,
South Carolina _
13
22,004 26
37
74
17,351
123 5,245
Memphis,
T e n n e s s e e -.. .............................
2,858942,964 14,571 64,705
1,448 794,804 2,371 12,892
Nashville
“
............
5620,138l 50
2,180
4 12,968
126 659
T exas ___________________________________
Brenham,"
216,696606764
9,227
7 773
___
39,029
____
___
_ -. - 12,540
Clarksville,
“ ___________
Dallas,
•• ......................
......
99,567; .........
...... ........................
Honey Grove,
“ ___________- __________ ____________
____
33,731; ____
___
__
Houston,
“ ..............................................
2,3752,918,624 8,18016,264 5,668 2,058,003
9,779 16,181
p arlS(
•'
__________
___
98,981| ____
___
__ 66,346
6065
Total, 33 to w n s .............. ........................
14,261 7,284,343! 43,428 168,463 14,380 5,487,628 30,196 197,576

Week ending
June

28.

New O rleans___
Mobile
____
Savannah ___
C h a rlesto n .,___
W ilm ington____
Norfolk _____
Boston — ----B a ltim o re_____
Philadelphia —
A u gu sta____
M emphis —
St. L o u is - -----H o u s t o n .- -----L ittle R ock ____

Closing Quotations -for Middling Cotton on —
Sat’day.

M onday. Tuesday. W ed’day. Thursd’y. Frid ay.

12 %

12%

12%

12%

12 %

12%

12 >6

13%

tin

12.85
13%
13.10
13 H
12%

12

%

12 %

12%

12%

12.85
13%
13.25
13%
12 13-16
12 J*
12 %

12%

12%

12%

12%
12%
12%

12%

12%
12%
12%

12%
12%

13%
13.00
13 %
13.35
13%
12 13-16
12%
12 %
12%

12%
12 %
12%

12%

13%

13.10
13 %
13.15
13 %
12-13-16
12%
12%
12%

__

12 %

13%
12.90
13%
13.25
13%
12 13-16
12%

13%
13.00
13 %
13.40
13%
12 15-16

12%
12 %

12%
12%

12%

.

N E W O R L E A N S O P T IO N M A R K E T .— The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
Sat’day, M onday, Tuesday, Wed'day, Thursd’v, F riday,
June
June
June
June
June
June

22.
24.
—
Range
— @ — — (55 —
Closing---------- 12.30 — 12.30 —
July
R a n g e ______ 12.55-.66 12.40-.59
Closing.............. 12.50-.54 12.53-.55
August —
R a n g e ______ _ @ — 12 .2 0 —
C losing______ 12.28 — 12.33-.35
September —
R a n g e ______ 12.08-.13 12.08-.19
C lo sin g _____ 12.13 — 12.19-.20
October—
R a n g e ---------- 11.67-.79 11.59-.76
C losing---------- 11.68-.69 11.75-.76
December—
R a n g e _______ 11.61-. 74 11.53-.70
Closing---------- 11.61-.62 11.69-.70
January —
R a n g e ______ 11.66-.77 11.58-.75
C losing______ 11.66-.67 11.73-.74
March —
R a n g e .............. — @ — 11.69-.71
Closing______ 11.75 — 11.82-.85
Tone —
S p o t-------------- Steady. Firm .
O p tio n s-------- Steady. Steady.
June

25.

------ @

12.70 —
12.56-.75
12.75-.80
12.38-.51
12.51-.54
12.25-.37
12.34-.35
11.72-.92
11.90-.91

26.

27.

28.

— @ —— @ —— @ —
—

@

—

12.64 —

12.59-.60
12.59-.60
12.46-.54
12.45-.46

12.60-.66
12.66-.75
12.31-.54
12.55 —
— @ — 12.28-.31
12.22 — 12.30-.32
11.76-.88 11.74-.86
11.77-.78 11.85-.86
11 .66-.86 11.69-.8 1 11.67-.79
11.84-.85 11.71-.72 11.78-.79
11.72-.91 11.73-.85 11.73-.85
1 1 .8 9 -.9 0 11.76-.77 11.84-.85

—

@

—

12.70-.88
12.8 8

—

12.64-.68
12.70 —

12.31-.44
12.45-.47
11.83-.00
11.98-.99
11.77-.94
11.92-.93
11.82-.99
11.98-.99

11.97 — 11.84-.97 11.94-.97 12.06 —
Firm . S teady. Firm .
Firm .
Steady. Steady. Steady. V ery sty .

—

@

—

—

@

—

—

@

—

—

@

—

_______
___
80,690
...................
18,872
_—

W E A T H E R R E P O R T S B Y T E L E G R A P H .— Our tele­
graphic advices from the South this evening indicate that,
as a rule, the weather has been satisfactory during the week.
Many of our correspondents report improvement in the
The above totals show that the interior stocks have de­ crop. It is claimed that in Texas, while weather has been
creased during the week 29,167 bales and are to-mght 29,113 favorable for cultivating and chopping, rain would be bene­
bales less than at the same time last year. The receipts at
all the towns have been 119 bales less than the same ficial to the plant. Boll-weevils are stated to be increasing.
Galveston, Texas.— The weather has been favorable for
week last year.
cultivating and chopping throughout Texas the past week.
Stands are small on the average and would be benefited by
O V E R L A N D M O V E M E N T FO R T H E W E E K A N D rain. Blooms are scarce. Boll-weevils are increasing. Dry
SIN C E SE P T . 1.— W e give below a statement showing the all the week. The thermometer has averaged 83, ranging
overland movement for the week and since Sept. 1, as from 77 to 88.
Abilene, Texas.— There has been no rain during the week.
made up from telegraphic reports Friday night. The
results for the week and since Sept. 1 in the last two years The thermometer has ranged from 70 to 98, averaging 84.
Brenham, Texas.— Rain has fallen on one day during the
are as follows:
------- 19 06-07-------------19 35-06------- week, the rainfall being seven hundredths of an inch. A v ­
June 28—
Since
Since
erage thermometer 82, highest 93 and lowest 70.
Shipped ,—
Week.
Sept. 1.
W eek.
Sept. 1.
Corpus Christi, Texas.— There has been no rain during the
8,089 791,121
V ia S t. L ouis_____________________ ,8,089
5,691 512,644
V ia C airo................................................... 1,072 214,359
979 199,972 week. The thermometer has averaged 80, the highest being
V ia R ock Isla n d _________________ 839
83,524
70
44,151 86 and the lowest 74.
V ia L o u isv ille........................................ 498
84,758
433
99,759
Cuero, Texas.— W e have had no rain the past week. The
V ia C incinnati......................................... 270
53,607
57.224
306
V ia other routes, &c______________ 594 426.931
3,792 256,861 thermometer has averaged 86, ranging from 72 to 100.
Dallas, Texas.— W e have had very light rain on one day
T otal gross overland------------------.111,362
1,36 2 1,654,300
1,654,300
11,271 1,170.611
Deduct shipments —
during the week. The thermometer has ranged from 70
Overland to N . Y ., B oston, &c___
. . 1,292 165.167
165,167
359 141,052 to
95, averaging 83.
B etw een interior tow n s__________
39
93,236
93,236
47
19,581
Inland, & c., from S ou th_________. 1,734
71,468
71,468
58,082
1,401
Fort Worth, Texas.— Dry all the week. Average ther­
T otal to be d edu cted ------------------ 3,065 329,871
329.871
1,807 218,715 mometer 81, highest 92 and lowest 70.
Henrietta, Texas.— There has been rain on one day during
L eaving total n et overland .a ----------. . 8,297 1,324,429
9,464 951,896 the week, the precipitation reaching thirteen hundredths of
a Including m ovem ent by rail to Canada.
an inch. The thermometer has averaged 82, the highest
The foregoing shows the week’s net overland move­ being 100 and the lowest 64.
Huntsville, Texas.— Dry all the week. Average ther­
ment has been 8,297 bales, against 9,464 bales for the
week last year, and that for the season to date the aggre­ mometer 83, highest 98, lowest 67.
Lampasas, Texas.— There has been no rain the past week.
gate net overland exhibits an increase over a year ago of
Average thermometer 83, highest 98 and lowest 67.
372,533 bales.
Longview, Texas.— W e have had no rain during the week.
---------1906-07---------1905-06The thermometer has averaged 83, the highest being 98 and
In Sight and Spinners’
Since
Since
Takings.
Week.
Sept. 1.
Week.
Sept. 1.
lowest 68.
R eceipts at ports to June 28______ 21,050 9,598,585 30,637 7,575,328 theLuling,
Texas.— W e have had no rain during the week.
N et overland to June 28 __________ 8,297 1,324,429
9,464
951,896
Southern consum ption to June 2 8 . 48,000 2,042.000 46,000 1,985,000 The thermometer has averaged 82, ranging from 70 to 93.
Nacogdoches, Texas.— Dry all the week. The thermom­
_ Total m arketed................................. 77,347 12,965,014
86,101 10,512,224
Interior stocks In excess.............- „ .a 2 9 ,1 6 7
72,187 a l 5 , 816
62,399
eter has ranged from 66 to 92, averaging 79.
Palestine, Texas.— Rain has fallen on one day during the
Came Into sight during w eek___ 48,180 ................... 70,285 ____ ____
T otal in sight June 28...................................... 13,037,201 .............. 10,574,623 week, the rainfall being seven hundredths of an inch. A v ­
N orth, spinners' takings to June28 15,823 2,559,650 19,201 2,301,502 erage thermometer 79, highest 93 and lowest 64.
Paris, Texas.— There has been rain on one day during the
a Decrease during w eek.
past week, the precipitation being fifty hundredths of an
inch. The thermometer has averaged 79, the highest being
Movement into sight in previous years:
93 and the lowest 64.
Week —
Bales.
Since Sept. 1—
Bales.
1905— June 30...............................112,028 1904-05— June 30................12,640.041
San Antonio, Texas.— There has been no rain the past
1904— July 1 ...............................52,155 1903-04— July 1 ................ 9.842,043 week. The thermometer has averaged 83, ranging from
1903— July 3 ............................... 40,055 1802-03— Ju ly 3 ...........-.1 0 ,4 5 0 .4 9 5
1902— July 4 ----------------------- 17 ,089 |19 01 -0 2— July 4 ................ 10,083,270 70 to 96.

_______




1560

THE CHRONICLE

Weatherford, Texas.— There has been no rain during the
week. The thermometer has ranged from 69 to 97, aver­
aging 83.
Shreveport, Louisiana.— Rain has fallen to only an inap­
preciable extent during the week. The thermometer has
averaged 82, ranging from 67 to 96.
New Orleans, Louisiana.— We have had rain on three days
the past week, the rainfall reaching forty-five hundredths of
an inch. The thermometer has averaged 81.
Vicksburg, M ississippi.— There has been rain on two days,
the precipitation being thirty-four hundredths of an inch.
The thermometer has ranged from 66 to 91, averaging 80.
S- Leland, M ississippi.— There has been rain the past week,
to the extent of seventy hundredths of an inch. Average
therm om eter 75.6, highest 88 and lowest 62.
Helena, Arkansas.— Crops are doing well, but we are hav­
ing rather too much rain. There have been showers on
three days during the week, to the extent of one inch and
thirty-eight hunrdeths, with heavier rain in the neighbor­
h ood. The thermometer has averaged 78.2, the highest
being 90 and the lowest 67.
Little Rock, Arkansas.— Farm work has progressed well
the past week and crops have had sufficient moisture.
Cotton continues to im prove. There has been rain on four
days during the past week, the precipitation being fortyeight hundredths of an inch. The thermometer has averaged
77, the highest being 90 and the lowest 64.
M em phis, Tennessee.— Crop, though very late, continues
to steadily im prove. There has been rain on five days dur­
ing the week, the precipitation being one inch and thirty-two
hundredths. The thermometer has ranged from 63.2 to
87.8, averaging 76.8.
M obile, Alabama.— The weather has been warm in the
interior, with occasional showers. Crop reports are favorable,
particularly from uplands. We have had rain on two days
during the week, the precipitation being fourteen hundredths
o f an inch. The thermometer has averaged 80, the highest
being 90 and the lowest 71.
M ontgomery, Alabama.— Crops are doing better and are
getting out of the grass. The prospects are now encouraging.
Rain has fallen on five days of the week, the rainfall being
two inches and seventy hundredths. The thermometer has
averaged 80, ranging from 67 to 94.
Selma, Alabama.— There has been a trace of rain on two
days of the week. The thermometer has ranged from 68
to 92, averaging 79.5.
Union Springs, Alabama.— W here fields are cleared of
weeds and grass, the crop has made fair progress the past
week, but m any acres are in bad condition. W e have had rain
on two days the past week, to the extent of one inch and ten
hundredths. The thermometer has averaged 82, ranging
from 72 to 92.
Augusta, Georgia.— There has been rain on tw o days of the
week, the rainfall being sixty hundredths of an inch. The
thermometer has averaged 80, ranging from 70 to 94.
Charleston, South Carolina.— We have had rain on two days
during the week, the rainfall being seventeen hundredths of
an inch. The thermometer has ranged from 71 to 88, av­
eraging 80.
Greenwood, South Carolina.— W e have had rain on four
days of the week, the precipitation reaching forty-nine
hundredths of an inch. Average thermometer 79, highest
91, lowest 68.
Charlotte, North Carolina.— W e have had rain during the
week, the precipitaiton reaching one inch and fifty-six hun­
dredths. The thermometer has averaged 79, the highest
being 92 and the lowest 67.
M adison, Florida.— There has been rain on four days the
past week, the rainfall being one inch and fifty hundredths.
Average thermometer 82, highest 96, lowest 71.
Savannah, Georgia.— There has been rain on two days
during the week, the precipitation reaching eighty-nine hun­
dredths of an inch. The thermometer has averaged 80,
the highest being 89 and the lowest 69
The following statement we have also received b y tele­
graph, showing the height of rivers at the points named
at 8 a. m . of the dates given:
N ew O r le a n s ___ ______ . A b o v e
M e m p h i s _______________ A b o v e
N a s h v ille _______________ A b o v e
S h r e v e p o r t _____________ A b o v e
V i c k s b u r g _____________ A b o v e

A L E X A N D R IA

z ero
z e ro
z ero
z ero
z ero

of
of
of
of
of

gauge.
gauge.
gauge.
gauge.
gauge.

R E C E IP T S

J n n e 28 1 90 7.
F e e t.
15 .6
2 7 .2
9.1
1 3 .3
4 0 .0

AN D

J u n e 29 1906.
F e e t,
7.9
16.3
8.3
5.1
22.3

SH IPM EN TS.

A le x a n d r ia , E g y p t,
J u n e 26.

1906-07.

1 905-06.

190 4-0 5.

R eceip ts (ca n tars) —
T h is w e e k ____ __ ______
S in ce S e p t . 1 -----------------

400
6 ,8 5 5 ,8 7 9

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

1 0 ,000
6 ,2 0 3 ,4 3 9

E x p o rts (bales) —

T h is
S in ce ! T h is
S in ce
w eek. S e p t. 1. w eek. S ep t. 1.

T o J L lv e rp o o l______________
T o M a n c h e s t e r ____
___
T o C o n t i n e n t ......................
T o A m e r ic a _______________
T o t a l e x p o r t s ..................
N o t e .— A c a n ta r Is 99 lb s .




T h is
S in ce
w eek. S ep t. 1.

208 ,0 9 7
197 ,965
333 ,449
110,732

2,7 5 0 196 ,670
166 ,099
1*500 311 ,637
200 68,893

2 ,0 0 0 210 ,303
2.750 146 ,219
2,500 302 ,8 8 6
1.750 7 0 ,7 8 4

9 ,7 5 0 850 ,243

4,4 5 0 743 ,2 9 9

9,000|730,192

2 .5 0 0
4 .5 0 0
1,000
1 ,7 5 0

E g y p t ia n bales w e ig h t a b o u t 750 lb s .

[V o l .

l x x x iv

.

W O R L D ’ S S U P P L Y A N D TA K IN G S OF CO TTO N .—
The follow ing brief but comprehensive statement ind cates
at a glance the w orld’s supply of cotton for the week and since
Sept. 1, for the last two seasons, from all sources from which
statistics are obtainable; also the takings, or amount gone
out of sight, for the like period.
190 6 -0 7 .

C o tto n T a k in g s .
W e e k a n d S eason .

W eek .

1905-06.

S ea son .

W eek .

S ea son .

V isib le su p p ly Ju n e 2 1 . _______ 3 ,7 6 8 ,5 9 5
3 ,2 3 6 ,5 3 5
V isib le s u p p ly S e p t. 1 ___________
1,784', 156
2~,545',470
A m e r ic a n In sigh t t o J u n e 2 8 ___
" 70"285 1 0,574,623
~ 4 8* 180 1 3 ,037,201
B o m b a y re ce ip ts o Ju n e 2 7 ____
12,000 2 ,5 0 2 ,0 0 0
5 0 .000 2 ,8 6 9 ,0 0 0
O th er In d ia sh lp ’ t t o Ju n e 2 7 . .
1 0 .000
10,000
3 6 9 .0 0 0
3 19 .0 0 0
A le x a n d r ia re ce ip ts t o J u n e 2 6 . .
300
914 ,100
7 82 ,800
O th er s u p p ly t o Jun e 2 6 . a ___
15,000
5,0 0 0
3 5 4 .0 0 0
4 6 0 .0 0 0
T o ta l s u p p ly ___________________ 3 ,8 9 1 ,7 7 5 1 9 ,3 2 7 ,4 5 7 (3 ,3 3 4 ,1 2 0 17,1 8 3 ,8 9 3
D ed uct—
V iisb le s u p p ly Ju n e 2 8 __________ 3 ,6 0 8 ,7 9 3
T o ta l ta k in gs to Ju n e 2 8 ________
O f w h ich A m e r ic a n . . - O f w h ich o t h e r . . _ _________

3 ,6 0 8 ,7 9 3 ; 3,0 9 8 ,0 8 1

3 ,098,081

2 36 ,039 1 4 ,0 8 5 ,8 1 2
166 ,739 1 0 ,4 7 0 ,0 1 2
6 9 .3 0 0 3 ,6 1 5 ,8 0 0

2 8 2 .9 8 2 1 5 ,7 1 8 ,6 6 4
2 0 1 .9 8 2 1 1 ,6 6 7 ,5 6 4 '
8 1 ,0 0 0 4 ,0 5 1 ,1 0 0

a E m b r a c e s r e ce ip ts In E u ro p e fro m B razil, S m y rn a , W e s t In d ie s , & c.

IN D IA COTTON M OVEM ENT FRO M A L L P O R T S .—
The receipts of cotton at Bom bay and the shipments from all
India ports for the week and for the season from Sept. 1 for
three years have been as follows:
J u n e 27.

1 905-06.

R eceipts at-

I
W eek .

B o m b a y ____________

5 0 ,0 0 0 !2 ,8 6 9 ,0 0 0 ;

12,000 2 ,5 0 2 ,0 0 0

F o r the W eek.

B om bay—
19 0 6 -0 7 _______ . .
1 9 0 5 -0 6 ___________
19 0 4 -0 5 ________ _
C a lc u tta —
19 0 6 -0 7 _____ _____
19 0 5 -0 6 ___________
1 9 0 4 -0 5__________
M adras—
19 0 6 -0 7 _______ . .
1 9 0 5 -0 6___________
190 4-0 5 ________ .
A ll o th e r s —
1 9 0 6 -0 7 _____ _____
1 90 5 -0 6 - _
1 9 0 4 -0 5___________

3 000
1 .000
____

C o n ti­
nent.

Total.

Great
B rita in .

C o n ti­
n ent.

Total.

19,000
7,0 0 0
1,000

22,0 0 0
8,000
1,000

3,0 0 0
4,0 0 0
3,000

3,000
4 ,0 0 0
3,000

7,0 0 0
5,000
2,000

117,000
107,000
3 6 ,000

124 ,0 0 0
112 ,0 0 0
3 8 ,0 0 0

.
1,000

5,0 0 0
3,000
3,0 0 0

23,000
3 8 ,000
13,000

2 8 ,0 0 0
4 1 ,0 0 0
1 6 ,000

2 0 6 ,0 0 0
1 50 ,000
1 99 ,000

2 1 7 ,0 0 0
1 66,000
2 0 8 ,0 0 0

1,000
-------

63,000 1 ,052,000 1 ,1 1 5 .0 0 0
55,0 0 0
79 5 ,0 0 0
8 50 .000
19,000
3 34 ,000
35 3 ,0 0 0

1,000

6,000
5,0 0 0
11,000

7,000
5,000
12,000

11,000
16,000
9,0 0 0

4 ,0 0 0
1,000
1,000

28,0 0 0
17,000
15,000

32,000
18,000
1 6,000

86,0 0 0 1 ,3 9 8 ,0 0 0 1 ,4 8 4 ,0 0 0
7 9 ,0 0 0 1 ,0 9 0 ,0 0 0 1 ,1 6 9 ,0 0 0
582 ,0 0 0
6 1 5 ,0 0 0
3 3 ,0 0 0

1 ,000

T o ta l all—
1 9 0 6 -0 7 __________
1 9 0 5 -0 6 ___________
19 0 4 -0 5 _________

3 4 ,0 0 0 2 ,5 2 6 ,0 0 0

S in ce Septem ber 1.

E x p o rts fro m —
Great
Isrltain.

1 90 4-0 5.

S in ce
I s in c e
|
| S in ce
S ep t. 1.
W eek<c. I S ep t. 1. j W eek , j S ep t. 1.

JU TE BU TTS, BA G G IN G , & c.— The market for jute
bagging has continued dull the past week, with prices u n changsd at 9 % c . for 2 lbs. standard grades. Jute butts also
dull at 3 @ 4 c . for bagging quality.
M AN CH E STE R M A R K E T .— Our report received b y
cable to-night from Manchester states that the market
is dull but steady for yarns and flat for shirtings. Manu­
facturers cannot sell. We give the prices for to-day be­
low and leave thos3 for previous weeks of this and last
year for comparison.
1900.

1907.
32* Cop.
Twist.
May
17
24
31
June
7
14
21
28

<1.
d.
10*
@ I I 6/,
10*
@
11*
10 15-16 @ 12 *
11
11
11
11

83* lbs. Skirt­ C o fn
M id
ings. common
Upl's
to finest.
s.
6
6
7

d
11
11
00

s. d.
@
10 0
©
10 0
@10 1 *

*
m 12 * 7 01 ®
1 -1 6 ® 12K|7 0 0 * @
1-16@ 12)4 6 11 @
1-16© 1 2 * 6 11 ©

10
10
10
10

3
2
2
2

8 * lbs. Shirt­ IC ofn
M id
ings, common
\upr$
to finest.

32* Cop.
Twist.

d. d.
6.96 9 *
7 .1 0 ,9 *
7.40 9 *

®
@
@

d.
10*
10*
10*

s. d .
s. d.
6 7 @9 8
6 7 * @9 9
6 7 * @9 9

7.44i9H
7.19 9 *
7 .0 t! 9J4
7 .1 5 j9 *

@
@
©
@

10*
io n
10*
10*

6
6
6
6

SH IP P IN G N E W S .— As shown on a
exports of cotton from the United States
reached 42,350 bales. The shipments in
from mail and telegraphic returns, are as

7*
8
8
8

@9
@9
@9
©9

9
9
9
9

d.
6.25
6.20
6.02
! 6.01
1 6.07
j 6.12
i 6.10

previous page, the
the past week have
detail, as made up
follows:

Total bales.
N E W Y O R K — T o L iv e r p o o l— Ju n e 25— A rm e n ia n , 715 u p la n d , 156
fo r e ig n -------Jun e 26— C e ltic, 1 ...................................................................
872
T o M a n ch ester— Jun e 2 1 — E a stern P r in c e , 1 5 0 ----------------------------159
T o H a v re— Jun e 26— V era , 5 2 0 ____________________________________
520
T o D u n k irk — Jun e 2 6 — V e ra , 9 _ ............... - .............................................
9
T o B re m e n — Jun e 24— P rln zess A lic e , 1 5 2 ------------------------------------152
T o H a m b u rg — Jun e 21— P resid en t L in co ln , 1 0 0 ............. ...................
100
T o A n tw e r p — Ju n e 21— Z e e la n d , 1 5 4 ----------------------------------- ---------154
T o B a rce lo n a — Jun e 25— G allia, 2 ,2 9 1 ----------------- . . . --------- ----------- 2 .2 ®
T o G e n o a — Jun e 26— R e d ’ lta lla , 6 2 ------ Jun e 27— In d ia n a I t .
81
G A L V E S T O N — T o M an ch ester— Ju n e 25— R a m o n d e L a rrin a g a ,
4 .9 3 9 _________________________ _______________________ ______________4 ,9 3 9
T o H a m b u rg — Ju n e 21— L u g a n a , 5 ,7 0 4 ----------------------------------------- 5,704
N E W O R L E A N S — T o L iv e r p o o l— Ju n e 22— A sia n , 4 ,9 9 1 ___ .J u n e
28— W a y fa r e r , 6 , 5 0 0 . _____________________________________________ 11,491
T o H a v re — Ju n e 22— M e x ico , 1 5 5 ..........................................................
155
T o A n tw e r p — Jun e 26— B u flo n , 6 2 6 ----------------------------------------------626
T o B a rcelon a — Ju n e 27— Q ueen O lg a , 3 8 6 ------------------------------------386
T o V e n ice — Ju n e 27— Q ueen O lg a , 1 ,4 0 7 --------------------------------------- 1,407
M O B I L E — T o L iv e r p o o l— Jun e 2 1 — M on ten eg ro, 5 ,5 0 0 _______________ 5,5 0 0
S A V A N N A H — T o M a n ch ester— Ju n e 25— K e n ilw o rth , 138 u p la n d ,
22 Sea Is la n d ______________________________________________________
160
T o H a v r e — Jun e 22— A lc o n d a , 1,0 5 0 u p la n d , 50 Sea I s la n d _____ 1,100
T o H a m b u r g — Jun e 2 2 — A lc o n d a , 1 ,8 8 2 _____________________ ____ 1,882
T o G o th e n b u r g — Ju n e 22— A lc o n d a . 2 0 0 _________________________
200
T o C ape T o w n — Ju n e 27— M o n a rch , 1 0 ________________ ___________
10

T otal bales.
N O R F O L K — T o L iv e r p o o l— Ju n e 24— M ariana, 7 4 5 ........ ................ ..
745
B O S T O N — T o L iv e r p o o l— Ju n e 25— D e v o n ia n , 4 9 9 ---------------------'------499
pll T o H a m b u r g — Ju n e 25— B o sn ia , 6 ----------------------------------------------- 6
B A L T IM O R E — T o H a v re — Ju n e 18— T a m p ic o , 7 -------------. ---------------7
;** T o H a m b u rg — Jun e 20— S w a k o p m u n d , 4 0 0 ----------------------------------400
P H I L A D E L P H I A — T o L iv e r p o o l— Ju n e 7— M erion , 5 0 -------Ju n e 21
H a v e r fo r d , 1 0 0 ____________________________________________________
15°
T o M a n ch ester— Jun e 19— M a n ch ester E x ch a n g e , 1 1 8 ----------------118
P O R T L A N D , M E .— T o L iv e r p o o l— Ju n e 21— C orn ish m a n , 1 1 --------11
S E A T T L E — T o J a p a n — Ju n e 22— M in n esota , 2 ,4 0 5 -------J u n e 25—
F osa M aru, 1 0 3 ------------------------------------------------------------------------------- 2,5 0 8
T A C O M A — T o J a p a n — Ju n e 24— S h a w m u t, 1 7 ------------------------------------17
.4 2 ,3 5 0

T o t a l-

The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Great F ren ch Ger- — O th .E u rop e— M e x .
ports, m any. N orth. South. & c. J a p a n .
B rita in .
154 2,372
252
529
N ew Y o r k _____ 1,022
5,7 0 4
G a l v e s t o n ______4,9 3 9
626
1,793
155
N ew O rlea n s ___ 11,491
M o b i l e .............
5,500
10
1 ,1 0 0
1,882
S a v a n n a h ______
160
N o r f o l k ________
745
6
B o s to n ________
499
400
B a l t i m o r e --------- ------P h ila d e lp h ia --.
268
P o r tla n d , M e —
11
. . . 2,5 0 8
S ea ttle ________
____
17
T a c o m a _________ ____
T o t a l ________ 2 4 ,635

1,791

8,2 4 4

980

4 ,1 6 5

10 2,5 2 5

Total.
4,3 2 9
10,643
14,065
5 ,5 0 0
3,3 5 2
745
505
407
268
11
2,508
17
4 2 ,3 5 0

The exports to Japan since Sept. 1 have been 220,107 bales
from Pacific ports, 10,000 bales from Galveston and 4,139
bales from New Y ork.
Cotton freights at New Y ork the past week have been as
follow s, quotations being in cents per 100 lbs.:
S a t.
17
c.
16
c.
c. a25
c.
18
18
c.
c.
25
31
c.
30
R e v a l, I n d ir e c t . - -C.
c.
c. 2 6 @ 2 7
18
c.
32
c.
45
c.

M on.
17
16
a2 5
18
18
25
31
30

T u es.
17
16
a25
18
18
5
31
30

W ed .
17
16
a25
18
18
25
31
30

T h u rs.
17
16
a25
18
18
25
31
30

F r l.
17
16
a25
18
18
25
31
30

26@ 27
18
32
45

26@ 27
18
32
45

26@ 27
18
32
45

2 6 @ 27
18
32
45

26027
18
32
45

a And 5 %.

L IV E R P O O L .— By cable from Liverpool we have the following statement of the w eek’s sales, stocks, &c., at that port:
J u n e 7.
J u n e 14.
3 0 ,0 0 0
3 5 ,0 0 0
Sales o f th e w e e k ___ __ bales
_______
O fw h ic h sp ecu la to rs t o o k .
1 ,0 0 0
_______
2 ,0 0 0
O f w h ic h e x p o r te r s t o o k . .
28 ,000
25 ,0 0 0
Sales, A m erica n . --------------8 ,0 0 0
7 ,0 0 0
A c tu a l e x p o r t ------------------------63 ,000
7 5 ,0 0 0
F o r w a r d e d ___________
______
T o ta l s t o c k — E s tim a te d ____ .1 ,1 9 0 ,0 0 0 • 1,1 5 7 ,0 0 0
1 ,0 2 2 ,0 0 0
O f w h ich A m e r ic a n . . E s t . . .1 ,0 5 6 ,0 0 0
51 ,0 0 0
32,000
T o t a l Im p ort o f th e w e e k . - .
30,0 0 0
18,000
O f w h ic h A m e r ic a n ________
13 5 ,0 0 0
1 1 7 ,0 0 0
A m o u n t afloa t _ - - ------------7 6 ,0 0 0
73 ,000
O f w h ich A m e r ic a n ------------* A d ju s t e d ;

Jun e 21.
3 2 ,0 0 0
_______
7 ,0 0 0
2 8 ,000
6,0 0 0
54,000
1 ,1 6 5 ,0 0 0
1,0 3 1 ,0 0 0
67,000
6 0 ,0 0 0
9 7 ,000
5 1 ,0 0 0

Ju n e 28.
2 4 ,0 0 0
1,000
1,0 0 0
2 2 ,0 0 0
12,000
4 7 ,0 0 0
1 ,1 3 1 ,0 0 0
997 ,000
24,0 0 0
12,000
110 ,0 0 0
62,0 0 0

5,0 0 0 bales W e s t In d ia n a d d e d .

The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Spot.
Market
12:15
P . M.

}
}
J

Saturday.

M onday.

Tuesday.

Wed'day

i'Thursday.

Friday.

Idle.

Dull.

Moderate
demand.

Dull.

DuU.

Idle.

M id.U pl’ds

7.03

6.95

7.11

7.15

7.12

7.15

S a le s _____
Spec.& exp.

2,000
200

6,000
200

7.000
1.000

4,000
200

4.000
2.000

3,000
200

Quiet at
Futures.
Market
1 5 @ 6 pts.
opened
J advance.
Market
4
P . M.

Quiet at
4% pts.
decline.

Quiet at
7 @ 9 pts.
advance.

1 Quiet,unch. V ’ry st’dy, B ’rely st’y
unch. to 2% a t 5 % @ 6 %
y to 2%
pts. dec.
pts. adv.
J pts. adv.

Steady at St’ y, unch.
to 1 pt.
7 @ 8 pts.
advance.
decline.
Quiet at
4@ 6%
pts. adv.

Quiet,
un­
changed.

Quiet 1 pt. Steady at
dec. to 1 % @ 2 pts.
point adv. pts. adv.

The prices of futures at Liverpool for each day are given
below . Prices are on the basis of uplands, good ordinary
clause, unless otherwise stated.
The p rices are given in pen ce and 100ths.
Sat.
Ju n e 22
to
Jun e 28.
J u n e ____
J u n e -J u ly
J u ly -A u g _
A u g .-S e p ,
S e p .-O c t .
O c t .- N o v .
N o v .- D e c .
D e c .- J a n .
Jan .-F e b F e b .-M ch .
M c li.-A p r .
A p r .-M a y .

12^
p .m .

____
____
____
____
____
____
-------------

12 %
p .m .
6
6
6
6
6
6
6
6
6
6
6
6

69
56
54%
45%
38%
28%
24
22
20%
20%
21
22

M on.

T u e s,

T h u s: 6 69 m eans 6 6 9-100 d .
W ed.

T h u r s.

F ri.

4
12^
12%
4
12*
12*
4
12*
4
4
p .m . p .m . p .m . p .m . p .m . p .m . p .m . p .m . p .m . p .m .
60%
47%
46%
38
31 %
22 %
18
16
15
15%
16
17

68%
55
53%
44
36
27
23 %
21 %
20
20%
21
22

77
63%
62
51%
44
35
31
29
27%
27%
28%
29%

75
61%
60
50%
42%
33%
29%
27%
26
26
27
28

83%
70
68%
58
50
40%
36%
34
32%
32%
33%
34%

81%
68
66%
56
47
37%
33%
31 %
30
30
31
32

80
66%
65
54%
46
36
32
30
28%
28%
29 ^
30%

80%
67%
66
56
47
38%
34%
32%
31
31
32
33

83
69%
68
58
49%
40
36
34
32%
32%
33%
34%

82 %
69
65 %
57%
48%
39
35 %
33%
32
32
33
34

breadstuffs.
Friday, June 28, 1907.
Prices for wheat flour have shown some irregularity during
the week, but the changes as a rule have been unim portant.
Spring patents have been strong and a fair business has
been done at times. The rest of the market, however, has
ruled quiet. E xport trade has continued dull. A t the
principal milling centres of the Northwest and the Southwest
new business has been quiet. There have been liberal w ith­




1561

THE CHRONICLE.

J u n e 29 1907.]

drawals on old contracts, however, and this has kept the
mills running on full time. At the Northwest the output
during the past week was about 100,000 barrels larger than
for the same week last year. Rye flour has been quiet and
firm. Corn meal has been dull and steady.
Wheat fluctuated within very narrow limits until Thurs­
day, when there was an advance of 3 to 5 cents per bushel
on the report of a Western statistician that the crop in
Kansas could not exceed 40,000,000 bushels against 81,831,000 bushels last year, 77,000,000 in 1905 and 65,019,000
in 1904. The total yield of Kansas, Oklahoma and Texas
is put b y the same statistician at only 50,000,000 bushels
against 114,000,000 bushels last year, which would indicate
that a previous estim ate on the winter-wheat crop b y the
same authority of 325,000,000 bushels on the basis of 60,000,000 fo r Kansas will have to be reduced. Some, however,
think these figures too low . Y et, a sustaining factor in the
market for some little tim e past has been the impresison that
while the damage has no doubt been exaggerated, the indi­
cations point to some decrease in the wheat crop both at
home and abroad. A t times during the week prices in Paris
have advanced, owing to reports of cold and wet weather
in France, with the indications pointing to a crop below an
average, adding that stocks at Paris are small and that the
harvest will be late. The London Statist said recently: “ A
serious European deficiency com pared with 1906 is almost
inevitable because autumn-sown in Russia is officially recog­
nized to be a failure; in Germany a 25 % shortage is probable,
in Hungary 40 % less than in 1906, and in Roum ania and
Bulgaria only about one-half of last year’s yield is ex p ected .”
While there is no present lack of wheat in sight, there is at
the same time no superabundance of supplies, and some of
the English grain trade evidently look for a rapid decrease in
stocks during the next tw o months. From the poorest sec­
tions of our Southwestern States have come unfavorable
threshing returns and at times the weather at the Northwest
has been so cold that it appears to have somewhat retarded
the growth of spring wheat. M oreover, there has at times
been a better export trade, principally in M anitoba wheat.
The speculation has fallen off very materially and the ou t­
side public has paid less attention to wheat despite the un­
favorable character of some of the crop reports, especially
during the last few days. The w orld’s shipments continue
com paratively large, priccs in this country are, roughly, 10
to 13 cents per bushel higher than a year ago, and m any
feel that this, for the time being, discounts anything in the
situation which seems to threaten a decrease in future sup­
plies. T o-day prices opened easier on liquidation, favorable
weather and disappointing cables, rallied on bad crop reports,
covering and bull support, then reacted on further liquida­
tion.
D A I L Y C L O S IN G P R I C E S O F
S a t.
N o . 2 red w in t e r ............... 9 8 9
J u ly d e liv e ry in e le v a t o r . 100 %
S e p t. d e liv e ry In e le v a to r 101 %
D e c . d e liv e ry in e le v a to r . 101 %

W H E A T F U T U R E S IN N EW Y O R K .
M on.
T u es.
W ed . T h u rs.
F r l.
9
99
100%
102%
103%
99%
99%
100%
103%
103%
100%
101
101%
105
105
102%
103
103%
.1 0 7 %
107%

D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN C H IC A G O .
S a t. M o n .
T u es.
W ed . T h u rs.
F r l.
J u ly d e liv e ry In e le v a t o r __________9 2 %
91%
91%
92%
95%
95%
S e p te m b e r d e liv e ry in e le v a t o r ___ 9 5 %
94%
94%
95%
99
98%
96%
96%
97% 101% 101%
D e ce m b e r d e liv e ry in e le v a t o r ____ 9 7 %

Indian corn futures have shown irregularity during the
week, with the trading m oderately active. The weather, in
the m ain, has been more favorable, and the crop, it would
appear, has made progress over much o f the corn belt. This
has led to liquidation at times and some depression in prices.
But the great mass of the reports go to show that the crop is
still backw ard in all sections and this fact has tended to re­
strict selling. The sharp rise in wheat on Thursday, too,
caused not a little covering by nervous shorts. The receipts,
m oreover, have fallen off and Chicago has reported a brisk
shipping dem and. T o-day prices were irregular within nar­
row limits. There was an absence of interesting features.
D A I L Y C L O S IN G P R I C E S O F N O . 2 M I X E D C O R N IN N E W Y O R K .
S a t.
Cash c o r n ................................ .................... 6 1 %
J u ly d e liv e ry In e le v a t o r ____________ 6 1 %
S p e te m b e r d e liv e ry In e le v a t o r ______62
D A I L Y C L O S IN G P R I C E S O F C O R N
S a t.
J u l£ d e liv e ry in e le v a t o r ............... .......5 3 %
S e p te m b e r d e liv e ry in e le v a t o r ______5 3 %
D e ce m b e r d e liv e ry In e le v a t o r _______ 5 1 %

M o n . T u es. W ed .
6 1 % 63
63%
6 1 % 61
61%
61% 61%
61%

T h u rs. F r l .
64
63%
62
61 %
62%
62%

F U T U R E S IN C H I C A G O .

M on.
52%
52%
51

T u es.
52%
52%
51%

W ed . T h u rs.
52%
53%
53 %
54
51%
52%

F rl.
53%
54
52%

Oats for future delivery in the Western market have felt
the effects o f heavy liquidation in July. Moreover, there has
been more or less short selling, influenced b y more favorable
weather conditions. The cash demand has been slow.
Cash houses have been selling at times and there has been
less disposition to bu y . Of late, however, the market has
shown an upw ard drift, owing to the fact that m any bullish
crop reports are still being received, especially from Illinois
and Iow a. These have caused covering of shorts. The
rally in wheat has also had a strengthening effect. T o-day
prices were slightly easier on liquidation and favorable
weather.
D A I L Y C L O S IN G P R I C E S O F O A T S I N N E W Y O R K .
S a t.
M on.
T u es.
W ed .
T h u rs.
F r l.
M ix e d , 26
t o 32 lbs.
50%
50%
50%
49%
50
49%
W h ite
'
clip p e d ,
36 t o 38
l b s ____ 51 % - 5 3 % 51 % - 5 3 % 5 1 % - 5 3 % 5 0 % - 5 2 %
51-53
51-53

THE CHRONICLE.

1562
D A I L Y C L O S IN G P R I C E S O F N O . 2
S a t.
J u ly d e liv e r y In e le v a t o r ____________ 45
S e p tem b er d e liv e r y in e le v a t o r ______38 %
D e ce m b e r d e liv e ry In e le v a t o r _______ 39 34

M I X E D O A T S I N C H IC A G O .
M o n . T u es . W ed . T h u rs
F r i.
43 H
42 3^ 4 2 %
43
42 2-6
37%
3 7 14 3 7 )4
37%
37 %
38
38
37 %
38
38 %

The following are closing quotations:
FLOU R.
L o w g r a d e s ______________$3 10 @ $3 50 K a n sa s s tr a ig h ts _______ $4 6 0 @ ? 4 90
S e co n d c le a rs___________ 2 90 @ 3 10 K a n sa s c le a rs ___________ 3 60 @ 3 90
C l e a r s ................................... 3 7 5 @ 4 10 B le n d e d p a t e n t s ________ 5 4 0 @ 5 85
S tr a ig h ts________________ 4 40 @ 4 60 R y e flo u r ________________ 4 7 5 @ 5 40
P a te n t, s p r in g __________ 5 0 0 @ 5 95 B u ck w h e a t flo u r _______ N o m in a l.
P a te n t, w in te r __________ 4 9 0 @ 5 15 G ra h a m flo u r ___________ N o m in a l.
C o m m e a l _______________ 3 15 @ 3 30
K a n sa s p a te n ts ________ ____________
G R A IN .
C o m , p e r b u s h .—
c.
W h e a t , p e r b u s h .—
c.
N o . 2 m ix e d ___________ f .o . b .6 3 H
N . D u lu th . N o . 1 ____ ...........113
N o . 2 y e llo w , n e w ____ f .o .b .6 3
N . D u lu th , N o . 2 . . . . f . o . b . l l l M
N o . 2 w h ite , n e w _______f .o .b .6 3 H
R e d w in te r , N o . 2 ___ _ f .o .b .1 0 3 %
H ard
“
. f . o . b . l 0 6 H R y e , p e r b u s h .—
N o . 2 W e s t e r n ________ N o m in a l,
O a ts— p e r b u sh el—
S ta te a n d J e r s e y _______ N o m in a l.
N o . 2 w h it e ___________ 5 0 H @ 5 1 H
49 54 B a rle y — W e s t e r n ________ N o m in a l.
N o . 2 m i x e d __________
51 @ 5 3
F e e d in g ________________ N o m in a l.
N o . 2 w h ite , c lip p e d .

G O V E R N M E N T W E E K L Y W E A T H E R R E P O R T .—
Mr. James Berry, Chief of the Climate and Crop Division of
the United States W eather Bureau, made public on Tuesday
the telegraphic reports on the weather in the various States
for the week ending June 24, summarizing them as follow s:
E x c e p t in th e p la te a u re g io n s d u r in g t h e fo re p a r t o f th e w e e k , th e w h o le
c o u n t r y e x p e r ie n c e d v e r y fa v o r a b le te m p e ra tu re s d u r in g th e w e e k e n d in g
Ju n e 24.
F ros ts o c c u r re d in t h e p la te a u a n d m id d le R o c k y M o u n ta in
r e g io n s , a n d s n o w In th e m o u n ta in s o f C a liforn ia a n d M o n ta n a .
R a in is
n e e d e d t h r o u g h o u t T en n essee, in s o u th e rn A la b a m a an d th e c o a s t c o u n tie s
o f T e x a s ; elsew h ere In th e ce n tr a l an d e a ste rn p o r t io n s o f th e c o u n t r y th e re
Is gen era lly s u fficie n t m o is tu r e .
T h e w e e k w as c o m p a r a t iv e ly fre e fro m
se v e re lo c a l s to r m s.
T h ere w a s a h ig h p e r c e n ta g e o f sunshine In th e d is ­
tr ic t s east o f t h e M ississippi R iv e r , a n d a lso in th e w e st G u lf S ta te s t h r o u g h ­
ou t th e w eek .
W h ile th e la tte r p a r t o f th e w e e k w a s m o r e o r less c lo u d y
In th e S ta tes o f th e M issouri V a lle y , th e re w as g en e ra lly a m p le su n sh in e.
F o r o th e r ta b les u su a lly g iv e n h e re , see p a g e 1 5 2 9 .

T H E DRY GOODS T R A D E .

IM PORTS
EN TERED
FOR
CO N SU M PTION
FOR
THE
WEEK AND
SINCE
AND

258.018

JA N . 1 1907

1,876,407

1900.

6 4 ,5 2 1 ,6 7 3

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

7,423

W AREH OU SE
W IT H D R A W A L S
THROWN
UPON
THE
M ARKET.
M anufactures o f —
W o o l ........... ................................................
499
147,5487,542 2,294,214
308
102,587
6,993
C o t t o n . ...... ........................
545
168,534 16,801
5,324,333
375
115,277
13,428
S i l k ......................................
147
77,774 5,5653,263,738
141
66,656
5,850
F l a x - ........... ................................................
410
116,00311,8622,786,117 329
76,721 8,761
M iscellaneous _ . ...........
1,771
38,75874,956
1,993,004
2,918
25,398
146,144

7 7 ,4 6 3 ,0 7 7

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

74,780,231

439,194

181,176
258,018

2,367,007 290,836

386,639
1,786,407

8,792

4,071
7,423

T o t a l ...........

15,661,406
74,780,231

O P5 s - rt- O

Week Ending
Week E n d in g
June 22 1907. Since Jan. 1 1907.
June 23 1906.Since Jan. 1 1 90 6.1
Pkgs.
Value.
Pkgs.
Value.
Pkgs.
Value.
Pkgs.
V a lu e.
M anufactures o f —•
S
$
$
$
W o o l ______ _____________
1,097
337,319 23,005
6,686,115
681
198,306
21,785
6 ,8 3 0 ,6 9 3
766,21780,644 25,759,211 1,906
522,23275,252 23 .2 7 5 .5 9 6
C o t t o n ......... ........................................................................ 2,690
S i l k ..............................................................
1,574
809,884 45,515 24,930,511 1,256
683,12835,719
1 8 ,7 8 5 ,7 7 9
F la x ..............
1,368
303,895 47,363 10,066,535
1,472
336,497
47,955
9 ,6 5 6 ,8 1 9
Miscellaneous
________ _____________
2,063
149,692 94,3097,337,859 2,108
136,244
77,307
5 ,9 7 2 ,7 8 6

3,372
548,617 116,726
8,792
2,367,007
290,836

Total w ith d r a w a ls ____
Entered for c o n s u m p t io n ..

P E R IO D .

2,263,046

SAME

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

11,494

DURING

9,242
12,816
5,745
9.003
115,019

7 8 ,1 4 2 .1 8 5

90,441,637

FORW A R E H O U SE

77,136
136,016
37.682
60,492
60,210

409,843

407,562

2,915,624

EN TE RE D

263
467
90
276
9,627

2,247,943




18,146

E

m a r k e t e d _______ 12,164

150 ,672

Total

4 ,2 4 2

391
117,554 7,658
2,551,080
736
230,890 16,795
5,497,949
108
44,9845,671
3,377,825
593
169,91512,927 3,328,582
2,740
81,484 59,067 2,416,812

9 8 ,5 8 0

The value of these New Y ork exports since Jan. 1 has been
$5,421,627 in 1907, against $8,531,290 in 1906.
Further advances have been recorded in the price o f heavy
brown drills and sheetings, and there has been some im rovem ent in the domestic demand for these. E xport
usiness has only been on a moderate scale, for prices quoted
in reply to inquiries have generally been above buyers’
views. There have been additional purchases of goods
from stock in China for re-shipment here. Light-weight
brown goods have appreciated in value, and manufacturers
are disinclined to contract as far ahead as buyers would
wish. Bleached goods have been particularly firm, and
cutters-up are searching the market for supplies, which, how ­
ever, are very scarce. Low lines are particularly strong.
Gray goods have been in demand for delivery well into 1908
and prices are steadily held. Denims, ticks, plaids and

IM PO RTS
M anufactures o f —
W o o l ...........
C o t t o n _____
S l l l c ..............
F l a x ......................................
Miscellaneous ________

T o t a l ...................................................................3,002

3,011,834 392,95491,952,479

----------190 7------------------- 190 6---------S in c e
S in ce
N ew Y o rk to J u n e 22.
W eek . J a n . 1.
W eek .
J a n . 1.
G rea t B r it a in _____________________________
25 1,072
__________
689
O th e r E u r o p e a n ___________________________
38 643
__________
735
C h i n a - . .......................- ______ ______________________ 1 0 ,043
_________
6 3 ,773
I n d i a ________________ _________ _____________ 150
4 ,7 1 5
1,3 2 5
5,1 2 5
A r a b i a ________________ __________ _____ _______ 1 8 ,7 5 3
___________
1 9 ,7 6 3
A f r i c a ........ ................... ....................................................
3 ,6 0 9
254
4 ,5 8 9
W e s t In d ies ...................... ............................ ..
312
1 1 ,3 7 8
367
1 0 ,9 6 6
M e x i c o ............................................... ...................
29
1,2 6 7
56
1,0 8 5
C en tra l A m e r i c a __________________________
93
7 ,5 5 6
285
7,7 8 8
S o u th A m e r ic a ................................................... 1,628
2 3 ,7 6 9
1,0 0 9
2 7 ,6 5 4
O th e r c o u n t r ie s ___________________________ 727
1 5 ,7 7 5
946
8 ,5 0 5

Total I m p o r t s _________ _____________13,360

DOM ESTIC COTTON G O O D S.— The exports of cotton
goods from this port for the week ending June 22 were 3,002
packages, valued at $171,629, their destination being to the
points specified in the table below:

l x x x iv .

other coarse, colored cotton goods are still very strong, and
supplies for anything like immediate delivery, outside of
those held b y jobbers, are scarce. Business in ginghams
has been light at recent quotations, but there is a general
feeling in the trade that prints will be placed on a higher level
in the near future. Some go so far as to exp ect that the new
price will be 7c., claiming that this is justified in view of the
advance in print cloths. There has been a fair export de­
mand for this class of goods. More lines of cotton dress
goods have come upon the market, and buying has been on
a satisfactory scale. The print cloth market is very firm ,
but the demand has been principally for wide goods of odd
construction.
W O O L E N GOODS.— The m en’ s wear woolen and worsted
goods market has been decidedly irregular in character, some
lines selling well and others m oving slowly. Buyers gen­
erally are acting very conservatively and are confining their
purchases to sample pieces, evincing no disposition to take
up buying seriously for next spring. Attention has been
confined almost entirely to staple lines, and some o f these
have been well taken up; but cheap manipulated fabrics
have been more or less neglected com pared with the corre­
sponding period of the past two or three years. Serges have
continued to en joy a large am ount of popularity and have
done relatively better than any other class of goods. The
principal buying so far has come from the W estern elem ent,
which is well represented at the present time in the m arket,
and this is regarded as a good augury for future business, as
it indicates a feeling in the W est that prosperity will con ­
tinue, at least for some little time to com e. While buyers
have been more or less indifferent, it is equally true that
sellers are not attem pting to push goods, and there is no talk
of concessions to attract business. There is still a good deal
of delivering to be done on heavy-w eight goods, and this is
helping to delay the light-weight season. There is little
change to record in the overcoatings and cloakings division,
business being quiet and w ithout particular feature. The
d re^ goods market equally shows little variation from a week
ago, but the bulk of the business at present being done is
in broadcloths, which have retained their popularity, and in
voiles, which have also been in favor for some time.
FO R E IG N D R Y G OODS.— There has been a continued
steady demand for im ported woolen and worsted dress goods
of a plain character and prices are firmly held. Silks have
shown some im provem ent and ribbons have also sold better.
There is little change in the linen market, prices still being
held at the highest level and buyers showing little inclina­
tion to purchase either for immediate or future delivery.
Burlaps are in small dem and, and concessions in price have
been granted during the week.
Im portations and W arehouses W ithdrawals of D ry G oods.
The im portations and warehouse withdrawals of dry goods
at this port for the week ending June 22 1907 and since
Jan. 1 1907, and for the corresponding periods of last year,
are as follows:
g
K
T o t a l ........... ................................................
4,568
644,827102,11817,172,248 10,723
371,536151,825 1 3 ,6 2 0 .5 1 2
Entered for c o n s u m p t io n .. 8,792
2,367,007
290,836
74,780,231
7,423
1,876,407
258,018
6 4 ,5 2 1 ,6 7 3

New York, Friday Night, June 28 1907.
Continued favorable weather conditions have n ot been
w ithout their effect upon the retail cotton goods trade
throughout the country, and the week’ s business has been
considerably larger than for some time past. This has been
partially reflected in increased orders received b y jobbers,
bu t up to the present time it can hardly be said that the
primary market has felt the influence. Buying in the latter
has on ly been on a normal scale, for, while the demand has
been fair, it has looked bigger than it really is, owing to the
scarcity of popular lines. Firmness is displayed in all direc­
tions, and, while some goods have been marked distinctly
higher, there are numerous rumors current in the market
of com ing advances in other directions. The feature of the
week has been the inauguration of jobbers’ semi-annual
clearance sales. These have quite generally taken place
and the results have been satisfactory, little difficulty having
been experienced in disposing of goods at full asking prices.
The demand for staple merchandise has been good, and jo b ­
bers have been compelled to trade am ong themselves to even
up stocks. Western jobbers have been particularly prom i­
nent in the purchasing, owing to the inability of m anufac­
turers to increase deliveries and the general scarcity of lead­
ing brands. E xport business has been of moderate pro­
portions, a steady demand from miscellaneous countries
having developed; bu t manufacturers, however, are disin­
clined to accept lower prices than those prevailing for home
deliveries. The week has been quiet in the w oolen and
worsted goods market, and business is n ot on the scale that
is expected at this season o f the year.

[V o l .

June29 1907.j

THE CHRONICLE.

1563

B on d Calls and R edem ptions.

S tate

auo

C ity

Benton County (P. O. Warsaw), Mo.— Bond Call.— Bonds
Nos. 1 to 56 inclusive have been called for paym ent July 2.
Securities are dated June 20 1902 and bear 4 % interest.
N ew s Ite m s.
Deepwater School District, Newton County, M o.— Bond
C h attan ooga, T e n n .— Bonds Offered by B an k ers .— The Call.— Call was made for paym ent June 28 of 5 % bonds dated
Denominations:
$ 1 ,0 0 0 ,0 0 0 Chattanooga 4 } ^ % public im p rovem ent bonds July 1 1898 and numbered 3, 4 and 5.
recently sold b y the city are offered for sale b y R u d olp h K le y - bonds Nos. 3 and 5 for $500 each and bon d N o. 4 for $1,000.
Idaho.— Bond Calls.— C. A. Hastings, State Treasurer,
bolte & Co. and the Union Savings Bank & T ru st C o ., Cin­
cinnati, and M acD on ald , M cCoy & C o ., Chicago; price 1 0 4 .2 5 calls for paym ent July 1 wagon-road bonds, series of 1893,
D enom ination $1,000.
and in terest, netting 4 .2 5 % .
The bonds are dated July 1 Nos. 116, 117, 118 and 119.
Payment will be made Aug. 1 at the office of the State
1907 and m ature July 1 1937.
Particulars regarding the is­
sue will be found in the advertisem ent on another p a g e .
Treasurer of $13,000 Idaho Normal School bonds, Nos. 63
to 75 inclusive. Denom ination $1,000
M em p h is, T e n n .— Charter Am endm ents Declared Unconsti­
Kirks ville School District (P .O . Kirks ville), Adair County,
tutional .— The A c t of the General A ssem b ly providing for
am en dm en ts to the C ity Charter was declared unconstitu­ Mo.— Bond Call.— Paym ent will be made July 1 o f $2,500 4 %
Denom ination $500.
tional b y the State Supreme Court on June 2 2.
The bill bonds dated July 1 1899.
Marion County (P. O. Palmyra), M o.— Bond Call.— Call
was filed b y certain persons elected as officers of the city of
M em phis, under the charter as it existed prior to March 27 is made for paym ent June 30 at the office of the County
1907, against certain other persons claim ing to be officers Treasurer of $7,500 4 % bonds dated June 30 1900 and num
of the sam e city b y appointm ent of the Governor under the bered 64 to 78 inclusive.
new A c t.
A m on g other things it was alleged th a t while the
Ohio County (P. O. Wheeling), W . V a .— Bond Call.— The
caption of the A c t provided for an am en d m en t to the charter, following 4 % 10-30-year (optional) bonds are called for pay­
the bo d y of the bill show s a new and independent scheme of ment July 1 at the German Bank of W heeling:
legislation, thereby effecting a repeal of the form er charter.
This decision restores the old form of governm ent.

N o s . 40, 82, 80, 7 4 , 67, 21, 33, 4 7 , 42 a n d 87.
D e n o m in a tio n $100.
N o s . 221 , 396 , 372 , 282 , 331 , 269 , 375 , 390 , 39 4 , 213 , 384 , 36.3, 284 , 295, 305 ,
302 , 388 , 389, 125 a n d 225.
D e n o m in a tio n $500.
N o s . 43 4 , 429 , 413 a n d 41 1 .
D e n o m in a tio n $ 1 ,0 0 0 .

N ew Y o r k C ity .— Bond S a le .— The aggregate of bids re­
Wheeling, W . Va .— Bonds Drawn.— The following bonds
ceived on June 28 for the five issues of 4 % gold coupon or
registered corporate stock and bonds, described in V . 8 4 , p. were drawn for paym ent July 1 at the Bank of Ohio Valley in
15*05, was $ 2 ,1 2 1 ,8 4 0 .
The award was m ade as follow s: Of Wheeling:
the $ 2 7 ,0 0 0 ,0 0 0 corporate stock due 1957, $ 1 ,9 3 2 ,8 4 0 was
B o n d s o f issu e o f 188 5, N o s . 14, 18, 3 9 , 6 9 , 82 a n d 96.
D e n o m in a tio n
disposed of, the average price being 1 0 0 .0 9 1 — a basis of about $500.
B o n d s o f issue o f 1885, N o s . 164, 166, 186 , 220 , 24 3 , 245 , 287 a n d 319 .
3 .9 9 (5 % , while of the $ 2 ,0 0 0 ,0 0 0 assessment bonds-due 1917, D e n o m in a tio n $ 1 ,0 0 0 .
M ain S treet b r id g e b o n d N o . 131 .
D e n o m in a tio n $50 0.
only $ 1 8 9 ,0 0 0 was disposed o f, at 1 0 0 .0 2 — a basis of about
M ain S tre e t b r id g e b o n d N o . 203 .
D e n o m in a tio n $ 1 ,0 0 0 .
3 .9 9 7 % .
The successful bidders were as follow s: ■
Worth County (P. O. Grant City), M o.— Bond Call.— Call
$1,932,840 Stock Due 1957.
Rich. Co. Savs. Bk.,
was made for paym ent June 3 at the Citizens’ Bank of Grant
Delano E. Farr, Bklyn. $300..101.50
West New Brighton.
P Glenn .................. 1,000.-101
S. I______________ $5,000.. 100.10
City of 5 % bonds dated D ec. 1 1897 and numbered 31 to 35
Mrs. E. M. Ziegler____ 50,000..101
F. Andreas, New York. 6,000..100.10
inclusive.
G J. Brunjes________ 5,000..101
Richmond Ins. Co.,N.Y. 10,000.-100.10
FredG. Enderlin.........
20--101
F. Lester Brant--------- 1,000-.100.10
Lillie D. Pearce_____ 3,000..100.75 Lee, Higginson <fc Co.,
George Horn, Bklyn__
100..100.75
Boston...... ............ . 26,000..100.05
this
Roberts. Cox, Buffalo. 10,00!) 100.5025 Stout* Co., New York 300,000.-100.09
George E. Bennett___ 1,000.-100.50 |Long Isl. L. & Tr. Co.,
ba ve been as lo llo w s :
Eugene Valens_______ 5,000.-100.50
Brooklyn____ ____ 100,000.-100.03
F J R. Clark - ___ 2,000. .100-55 Dudley E. Hardy___ 50,000.-100.02
Akely School District No. 20 (P. O. Akelyi, Hubbard
Tobev & Kirk, N. Y
25,000.. 100.50 J. S. Bache & Co., N.Y.300,000.. 100.01
Wm. J. Harding, N. Y . 1,000..100.50 D. W. Parry------------ 100,000.-100.01
County, Minn.— Bond Sale.— The State of Minnesota has
WilliamD. Brown____
20..100.50 E. I. Phalen. N. Y ___ 20.000._100.006
Sec Tr. Co., Rochester 10,000. .100.375 J. Solomon. New York. 10,000.100.0001 purchased the $8,000 6-13-year (serial) school-building bonds
R. B. Corey, N. Y ___ 2,000..100.30 Stock, Grain <fc Provimentioned in V . 84, p. 1441, at par for 4s. Denom ination
Hess Bros. & Co., N. Y. 40,000..100.25
sion Co., New York. .250,000. .100
$ 1 ,0 0 0 .
Cvrus J. Lawrence
30,000..100.25 E. Berthe, Phila-------- 5,000..100
Sons New York . . / 30,000..100|
W. Hull Wickham____ 9,000.-100
Altoona, Blair County, Pa.— Bond Offering.— Proposals
Bolognesi, Hartliold &f 25,000.. 100.025 C. E. Herman, N. Y_. 25,000.-100
will be received until 2 p . m . July 8 b y J. B. Rogers, Chair­
Co , New York
■! 25,000 100.0375 E. C. Blanchard, New( 50,000.100.0125
port, R. I_________ 5,000.-100
man Finance Committee, for $100,000 4 % highw ay-im proveAdam Nickel, N. Y ___ 10,000..100.25 Cits. Trust Co., Bklyn. 10,000.-100
ment bonds. Denom ination $1,000. Date July 1 1907.
Charles W Hagerman. 2,000..100.25 T. J. Laithwaltc......... 2,000..100
Halle & Stieglitz, New] 2.000 100.13 J. T. Ferris, Monticello. 1,400.-100
Interest semi-annually at the City Treasurer’s office. Ma­
y orb
\ 6,000.. 100
John R. Comer______ 20,000.-100
turity July 1 1937, subject to call after July 1 1922. State
Long Isl. Loan & Tr./ 50.000 . .100.125 The Dr. D. T. Ordway
Co , trustee, Bklyn. 1 50,000 100.0625
Plaster Co., Camden,
taxes will be paid by the city. Each bid must be made on a
Mayer S. Auerbach___ 5,000 .100.125
Me----------- ------- 2,000..100
blank form furnished b y the city and must be accom panied
P. C. Schnitzler, adm.
est. John Schneider,
$189,000 Assessment Bonds Due 1917.
b y a certified check for $2,000. drawn on a national bank
deceased ___
10,000--100.125' HarryOppenheim,N.Y. $5,000.-100.50
and made payable to the City Treasurer. Purchaser to pay
f 50,000. .100.12 Edwin K. Sommer____ 9,000. .100.10
accrued interest. Delivery of bonds, July 18 1907. The
T. W. Stephens & Co..I 50,000. .100.09 Coal & Iron Nat. Bank.
New York_______ ■! 50,000. .100.06
New York................. 100,000.-100.005 bonds will be certified to as to their genuineness b y the United
i 50,000--100.03 Edwin J. Koch______ 50,000.-100
States Mortgage & Trust Co. of New Y ork City.
Cits. Cent. Nat. Bank,
Mutual *Alliance Trust
New York_________ 25,000_.100.10
Co., New York_____ 25,000.-100
Amherst, Portage County, W is.— Bond Sale.— On June 1
The above covers fifty-fou r of the fifty-seven bids received. $2,500 5 % bridge-building bonds were awarded to L. A.

B on d P rop osals and Negotiations

N ew Y o r k S ta t e .— T ax Law Relative to Investm ents in State
Bonds by Savings Banks, Trust C om panies and Insurance
Com panies A m en d ed .— The Governor has s'gned the am end­
m en t to the ta x law relative to in vestm en ts in State bonds
b y savings b a n k s, trust com panies and insurance com panies.
B y this am en d m ent these institutions get a credit of 1 %
per annum on holdings of S tate bonds bearing not exceeding
3 % interest, to be applied in the p a y m en t of franch; se ta xes.
The te x t of this bill will be found in V . 8 4 , p . 1216, of the
“ C h r o n ic le /’
Legislature A d jo u rn s .— The Legislature of this State ad­
journed W ed n esd a y aftern oon , June 26.
Oneida, N . Y .— Law Relating to Local Im provem ent Bonds
Governor has s'gn ed the am end m ent to
Chapter 225 of the Law s of 1901 fixing the rate of interest
a t n ot exceeding 4 H % > instead of 4 % as under the old law ,
on all local bon ds, whether issued for an im provem ent al­
ready constructed or an im provem en t to be constructed in
the future.
In terest on such bonds to be payable annually
or sem i-an nu ally as the C om m on Council shall determ ine.

A m en d ed .— The

T e x a s .— Constitutional Am endm ent providing for the Issu e
of Bridge and Road B on d s .— The Leg slature, prior to its
ad journ m ent on M ay 11. passed an A c t providing for the
subm ission to a vote at the next general election, A u gu st 6 ,
of the follow ing proposed am en d m en t to be added to Section
9 of Article 8 of the State C onstitution:
Section 9a .—A majority of the property tax paying voters in any county,
or one or more political subdivisions thereof, in this State, voting at an
election held for that purpose may vote a tax for road and bridge purposes
not to exceed 30 cents on the $100 valuation of property subject to taxation
ill such county or political subdivision of such county, or may Issue bonds
not to exceed 20 % of the assessed value of the real property in such district,
for such road and bridge, burposes, provided that such tax, or proceeds of
such bonds, shall be expended in the territory In which it is voted, and no
other, and this provision of the Constitution shall be self-enacting without
the necessity of further legislation




week

Pom eroy and J. O. Foxen at 99. Denom ination $500. Date
June 1 1907. Interest annually on April 1. Maturity $500
yearly on April 1 from 1908 to 1912 inclusive.
Asbury Park, Monmouth County, N. J .— Bonds Awarded
in Part.— On June 24 $50,000 of the $75,000 4|^% 35-year
sewer bonds mentioned in V. 84, p. 1261, were awarded to
the Asbury Park and Ocean Grove Bank of Asbury Park at
par and accrued interest. Denom ination $1,000. Date
July 1 1907. Interest semi-annual
Ashland, Boyd County, K y .— Bond Sale.— The $8,500 6 %
street-improvement bonds offered bu t not sold on May 13
(V. 84, p. 1194) have been awarded to Joe B radly, Contrac­
tor, of Nashville, Tenn., in paym ent for work done.
Auburn, Cayuga County, N. Y .— Award Postponed.— We
are inform ed that no action will be taken on the bids received
on June 25 for the $140,000 4 % grammar and high-school
bonds described in V. 84, p. 1501, until the next m eeting of
the Board of Education.
Avoyelles Parish (P. O. Marksville), La.— Bonds Not
Sold.— No bids were received on June 10 for the following
bonds offered on that day:
$ 3 0 ,0 0 0 5 % g o ld c o u p o n s c h o o l-h o u s e b o n d s o f S c h o o l D is tr ic t N o . 24.
D e n o m in a tio n $ 1 ,0 0 0 .
D a te J u ly 1 1907.
In terest sem i
a n n u a lly .
M a tu rity $1,0 0 0 y e a rly o n J u ly 1 fro m 1908 t o 1917
in clu siv e a n d $ 2 ,0 0 0 y e a r ly on J u ly 1 fro m 1918 t o 1927 in clu .
17,500 5 % g o ld c o u p o n s c h o o l-h o u s e b o n d s o f S c h o o l D is tricts N os. 1, 2,
5 , 7 , 8, 9 , 11, 16, 18 and 19.
D e n o m in a tio n $100.
D ate
J a n . 15 1907
In te re st a n n u al.
M a tu r ity $1,5 0 0 In 1008,
$ 2 ,0 0 0 in 1909, $ 2 ,200 In 1 91 0, $ 2 ,3 0 0 in 1911, $2,4 0 0 in 1912,
$2,.100 in 1913, $ 2 ,4 0 0 in 1914 an d $ 2 ,4 0 0 in 1915.
5,0 0 0 5 % g o ld c o u p o n sch o o l-h o u s e b o n d s o f S c h o o l D istr ic t N o . 26.
D e n o m in a tio n $10 0.
D a te J u ly 1 1907.
In teres t a n n u a l.
M a tu rity $400 y e a r ly on J u ly 1 fro m 1908 t o 1911 In clu sive,
$500 y e a r ly on J u ly 1 fr o m 1912 t o 1914 In clu sive, $600 each
o f th e ye a rs 1915 a n d 1916 a n d $700 o n J u ly 1 1917.

A uthority A ct 84, Laws 1906.
Parish Treasurer’s office.

Interest payable at the

1564

THE CHRONICLE.

Avon Union Free School District No. 1 (P. O. Avon),
Livingston County, N. Y .— Bond Sale.— On June 28 the
$40,000 43^% school-building bohds described in V. 84, p.
1501, were awarded to Isaac W . Sherrill of Poughkeepsie at
100.79. Maturity $2,000 yearly on Jan. 1 from 1909 to
1928 inclusive.

[V o l .

l x x x iv .

Cardston, Alta .— Debenture Offering.— Proposals will be
received until 6 p. m. July 10 for $20,000 5 % debentures.
M aturity forty years. Martin W oolf is Secretary-Treasurer.
Cass County (P. O. Logansport), Ind.— Bond Sale.— On
June 5 $24,331 33 4 ^ % road-construction bonds were
awarded to Chas. C. W edding & Co. of Indianapolis fo r
■^Balaton School District (P. O. Balaton), Lyon County, $24,421 33 (100.369) and accrued interest. D enom ination
Minn.— Bond Sale.— This district has awarded $11,000 4 % $1,216 56. Date May 15 1907.
20-year school-house bonds to the State of Minnesota at
Chauncey, Athens County, Ohio.— Bond Offering.— P ro­
par. Interest annually in July.
posals will be received until 12 m. to-day (June 29) b y R a jr
Beaver Dam Graded Common School District (P. O. C. Gardner, Village Clerk, for $1,000 6 % coupon ja il-con Beaver Dam), Allen County, Ohio.— Bond Offering.— Pro­ struction bonds. Authority Section 2835, Revised Statutes.
posals will be received until July 1 by John H. Barnes for Denomination $200. Date June 1 1907. Interest sem i­
$7,100 6 % school bonds. Denom ination $100. Interest annually at the Village Clerk’s office. M aturity $200 yearly
semi-annual. Certified check for 5 % of bonds bid for is on June 1 from 1908 to 1912 inclusive. Total debt, this
issue. Assessed valuation in 1907, $130,000. Accrued
required.
interest to be paid by purchaser.
Belhaven, Beaufort County, No. Car.— Bond Offering.—
Cheboygan, Cheboygan County, Mich.— Bond Sale.— This
Proposals will be received until 12 m. July 1 b y R . W . city on June 4 awarded an issue of $20,000 5 % paving bond,
Lucas, Secretary of the School Board, for $15,000 5 % dated Aug. 1 1907 to Spitzer & Co. of Toledo at 103.18.
coupon school-building bonds. Denomination $500. Date
Chelan County School District No. 56, W ash.— Bond Sale.
July 1 1907. Interest payable in Belhaven. Maturity
July 1 1927. Total debt, including this issue, $16,500. — On June 17 $14,500 5 % 10-20-year (optional) school-house
bonds were awarded to the State of Washington at par.
Assessed valuation 1906, $413,000.
Denom ination $500. Date June 17 1907. Interest annual.
Bemidji Independent School District (P. O. Bemidji), A bid of $14,600 for 53^s was also received from W m . D .
Beltrami County, Minn.— Bond Offering.— Proposals will be Perkins & Co. of Seattle.
received until 7.30 p. m . July 15 b y Graham M. Torrance,
Chelsea (P. O. Station, Boston), Mass.— Note Sale.— On
District Clerk, for $35,000 5 % high-school-building and site- June 24 the $115,000 5 % general municipal notes described
purchase bonds. Authority, election held April 30 1907. in V. 84, p. 1502, were awarded to the Chelsea Trust Co. o f
Denom ination $1,000. D ate, day of issue. Interest semi­ Chelsea at 101.3567— a basis of about 4.5 76% . F ollow ing
annual. Maturity fifteen years.
are the bids:
h elsea T ru s t C o ., C h e ls e a .. 1 0 1 .3 5 6 7 1P a rk in s o n & B u rr, B o s t o n ___ 1 00 .2 4 0
Bishop Union High School District (P. O. Bishop), Inyo C
B l o d g e t t , M erritt & C o ., B oslO O .820 |B lak e B ro s. & C o ., B o s t o n . .1 0 0 .0 8
County, Cal.— Bond Sale.— On June 15 $11,500 7 % bonds R . L . D a y & C o ., B o s t o n . .1 0 0 .2 9 7 |
of this district were awarded to the In yo County Bank of
Maturity $23,000 yearly on Dec. 1 from 1908 to 1912 in­
Bishop.
clusive .
Bode, Humboldt County, Iow a.— Bond Sale.— On June 25
Cheney, Spokane County, W ash.— Bond Sale.— This city
the $8,000 5 }^ % water-tower bonds voted on May 6 (V. 84, recently awarded the $5,000 6 % 10-20-year (optional waterp. 1195) were awarded to Geo. M. Bechtel & Co. of D aven­ works-improvem ent bonds voted on April 17 (V. 84, p. 1195)
port. Denomination $500. Interest semi-annual.
to the Trowbridge & Niver Co. of Chicago at par and accrued
Bogota (P. O. Hackensack), Bergen County, N. J .— Bond interest. Denomination $1,000. Date May 1 1907. Inter­
Offering.— Proposals will be received until 8 p. m . July 2 b y est semi-annual.
Harlan P. Ross, Borough Clerk, for the $20,000 5 % coupon
Cheneyville School District (P. O. Alexandria), L a .—
street-improvement bonds voted on May 24. Denom ination Bonds Not Sold.— No bids were received on June 25 for $ 1 6 ,$1,000. Date July 1 1907. Interest semi-annually at the 000 5 % school bonds offered on that day.
Hackensack National Bank of Hackensack. Maturity
Chicago, 111.— Lincoln Park District.— Purchaser of Bonds.
$2,000 yearly on July 1 from 1908 to 1917 inclusive. Certi­ — We are informed that the purchaser of the $500,000 4 %
fied check for 2 % of bonds bid for, payable to the Borough coupon small-park bonds disposed of on May 24 (V. 84.
Clerk, is required. Securities will be certified to as to their p. 1319) was A . B. Leach & Co. of Chicago. Maturity
genuineness b y the Columbia Trust Co. of New Y ork City. $25,000 yearly on May 1 from 1908 to 1927 inclusive.
Bonds will be delivered July 15. Purchaser to pay accrued
Chicago— South Park District, Cook County, 111.— Bond
interest. Bonded debt, including this issue, $34,500.
Offering.— Proposals will be received until 4 p. m. July 2
Assessed valuation 1906, $570,000.
Boise City, Ada County, Idaho.— Bid Rejected.— Only one by the South Park Commissioners for $1,200,000 4 % serial
bid was received on June 11 for the $50,096 6 % 1-10-year bonds. Denom ination $1,000. E . G. Shumway is Secre­
(serial) gold coupon lateral sewer-improvement bonds de­ tary of the Board of Commissioners.
scribed in V. 84, p. 1318. This bid, we are inform ed, was
The official notice of this bond offering will be found among
rejected.
the
advertisements elsewhere in this Department.
Boston, Suffolk County, Mass.— Temporary Loan.— Dis­
Clay Center, Clay County, Neb.— Bond Offering.— Propos­
patches state that this city recently negotiated a tem porary
loan of $1,000,000 with local banks at an average discount als will be received any time for $18,000 5 % water-works
bonds. Denom ination $1,000. Date N ov. 1 1908. In ter­
rate of 4 .5 0 % .
Breckenridge School District (P. O. Breckenridge), Cald­ est annual. Maturity N ov. 1 1927, subject to call after
well County, M o.— Bond Sale.— On June 18 the $13,000 5 % N ov. 1 1912. R . A. Byrkit is Village Clerk. These securi­
school-im provem ent bonds offered on that day (V. 84, p. ties were offered bu t not sold on March 26. See V. 84, p. 951.
Cleveland, Cuyahoga County, Ohio.— Bond Election.— We
1441) were awarded to the W illiam R . Com pton Bond &
Mortgage Co. o f Macon for $13,105— the price thus being are inform ed an election will be held July 23 to vote on the
100.807. Denom inations $500 and $1,000. Date June 1 question of issuing the $750,000 central-viaduct bonds men­
1907. Interest January and July. Maturity part yearly tioned in V. 84, p. 1383.
on Jan. 1 from 1909 to 1926 inclusive
Coeur d’Alene Independent School District No. 1 (P. 0 .
Bronte Independent School District (P. O. Bronte), Coke Coeur d’Alene), Kootenai County, Idaho.— Bond Offering.—
County, Tex.— Bonds Registered and Sold.— On June 20 the Proposals will be received until 12 m . July 9 b y W. A . A n ­
State Comptroller registered $8,000 5 % 5-40-year (optional) drew, Clerk Board of Education, for $10,000 6 % schoolschool-house bonds dated June 1 1907. We are informed building bonds. Authority, vote of 98 to 3 cast at election
that the State School Fund has purchased these securities held May 31, and Section 737, page 130, School Laws of
1891 as amended by Section 1, page 84, School Laws o f 1899.
on a 4 % basis
Brownwood, Brown County, Texas.— Bonds Voted.— R e­ Denom ination $1,000. Date Aug. 1 1907. Interest semi­
ports state that on June 18 this city authorized the issuance annually at the District Treasurer’s office. Maturity Aug. 1
1927, su bject to call after Aug. 1 1917. Bonded debt, not
of $20,000 bonds b y a vote of 119 to 18.
including this issue, $42,500. Assessed valuation 1907.
Buffalo, N. Y . — Bond Issue.— The issuance of $3,687.45 $600,000.
4 % judgm ent-funding bonds has been authorized. Securi­
Comfrey, Brown County, Minn.— Bond Offering.— Pro­
ties will be dated June 10 1907 and mature July 1 1908.
Under the ordinance providing for these bonds, they will posals will be received until 8 p. m. July 8 b y the Village
Council at the State Bank of Com frey for $4,000 6 % bonds
be taken at par b y various sinking funds.
for the erection of a water-works plant. Authority election
Burbank School District, Santa Clara County, Cal.— Bond held June 4 1907. Denom ination $1,000. Date Aug. 15
Sale.— On June 17 the $7,000 5 % 4-10-year (serial) gold 1907. Interest semi-annual. Maturity $1,000 yearly on
coupon school bonds described in V. 84, p. 1383, were award­ Aug. 15 from 1909 to 1912 inclusive. Certified check for
ed to R obert Shottenhamer and E. J. Shottenhamer at 107 $200 payable to the village is required. Oscar Erickson is
and accrued interest— a basis of about 3 .8 5 % . Following President of the Village Council.
are the bids:
Coulee Drainage District, L a.— Bond Offering.— Proposal'
R o b e r t S h o tte n h a m e r and. E .
I B a n k o f S an J o s e , San J o s e ___ $ 7 ,290
will be received until 2 p. m. July 13 by Windsor Pipe's,
J . S h o tte n h a m e r ____________ 5 7 ,4 9 0 |C. B . Y o u n g e r J r ______________ 7,1 5 6
Camp Hill School District (P. O. Camp Hill), Cumberland Secretary (P. O. Collinston), for $35,000 5 % coupon bonds.
County, Pa.— Bond Sale.—-This district recently aw arded the Maturity part yearly for twenty years.
$7,900 10-20-year (optional) building bonds (the unsold p or­
Cowlitz County School District No. 36, W ash.— Bond Sale.
tion of the $12,000 bonds mentioned in V. 84, p. 1066) to — On June 17 $9,500 5 % 1-10-year (optional) school-ho :-e
the Cumberland Valley Bank at par for 4s. Bonds are bonds were awarded to the State of Washington at par. De­
nomination $500. Interest annually in June. exem pt from taxation.




J u n e 29 L9<)7.j

THE CHRONICLE

Crestline, Crawford County, Ohio.— Bond Offering.— Pro­
posals will be received until 12 m. July 10 b y L. J. Lindsey,
Village Clerk, for the following bonds:
$ 1 5 ,0 0 0 5 % H e n r y S tre e t Im p ro v e m e n t b o n d s.
D e n o m in a tio n $500.
M a tu r ity $1,500 y e a r ly o n J u ly 15 fr o m 1908 t o 1917 In clu sive.
1,850 5 % C restline S treet im p ro v e m e n t b o n d s.
D e n o m in a tio n $185.
M a tu rity $185 y e a r ly on J u ly 15 fr o m 1908 t o 1917 in c lu s iv e .
14.000 5 % W ile y S treet im p ro v e m e n t b o n d s.
M a tu rity $1,400 y e a r ly
o n J u ly 15 fr o m 1908 t o 1917 in clu s iv e .

A uthority, an Act of the General Assembly passed Oct. 22
1902. Date o f bonds July 15 1907. Interest semi-annual.
Certified check for 10% of bonds bid for, payable to the Vil­
lage Treas-urer, is required.
Cridersville School District (P. O. Cridersville), Auglaize
County, Ohio.— Bond Offering.— Proposals will be received
until 12 m. July 1 by W . X. Bowsher, Clerk of the Board
o f Education, for the $15,000 5 % school-building bonds men­
tioned in V. 84. p. 1384. A uthority Sections 3991, 3992
and 3993 of the Revised Statutes. Denomination $1,000.
Date July 1 1907. Interest semi-annual. Maturity $1,000
yearly on March 1 from 1909 to 1923 inclusive. A cash
deposit of $200 is required. Accrued interest to be paid by
purchaser.
Cumberland, R. I .— Bond Offering.— Proposals will be re­
ceived until 12 m . to-day (June 29) b y Cyrus Taft, Town
Treasurer (P. O. Valley Falls), for $200,000 refunding bonds
dated July 1 1907. Interest payable at the City Trust Co.
of Boston. Maturity $10,000 yearly on April 1 from 1912
to 1931 inclusive. These bonds will be certified to as to their
genuineness by the City Trust Com pany of Boston, which
com pany will further certify that the legality of this issue
has been approved by Ropes, Gray & Gorham, a copy of
whose opinion will be delivered to the purchaser.
Davidson County (P. O. Nashville), Tenn.— Bonds Not
Sold.— All bids received on June 25 for the $800,000 bridge
and the $160,000 crim inal-court-and-jail 4 % bonds de­
scribed in V . 84, p. 1384, were rejected.
Du Bois County (P. O. Jasper), Ind.— Bond Sale.— This
cou n ty on June 10 awarded $7,000 4^4% 20-year roadim provem ent bonds to the Ferdinand National Bank of
Ferdinand for $7,170, the price thus being 102.428— a bas:s
o f about 4.3 18% . Denomination $175. Date June 10 1907.
Interest May 15 and N ov. 15.
Eastchester Union Free School District (P. O. Tuckahoe),
Westchester County, N. Y .— Bonds Not Sold.— No bids were
received on June 26 for the $20,000 4 % 1-20-year (serial)
school-building bonds described in V. 84, p. 1443.
East Toronto, Ont.— Debentures Not Sold.— No sale was
made on May 13 of the six issues of 5 % debentures, aggre­
gating $18,027.06, described in V. 84, p. 1067.
Eden Township, Seneca County, Ohio.— Bond Sale.— On
June 22 the $21,000 4V£% coupon road-im provem ent bonds,
described in V. 84. p. 1502, were awarded, it is stated, to
the Tiffin National Bank of Tiffin for $21,135— the price
thus being 100.642.
Elgin, Kane County, 111.— Bond Offering.— Proposals were
asked for up to 4 p. m. yesterday (June 28) b y A. L. Metzel,
City Treasurer, at the Union National Bank, for the following
bonds:
$ 10 ,000 4 % c o u p o n w a te r-p ip e -e x te n s lo n b o n d s.
M a tu rity fr o m 3 t o 5
yea rs.
5 8 .000 4 % c o u p o n refu n d in g w a te r b o n d s.
M a tu rity fr o m 16 t o 20 years.

1565

W . N . C oler & C o ., N e w Y o r k (fo r 4 ^ s ) ___________ ______ _____ . .$ 2 0 ,0 2 6
O tis & H o u g h , C le v e la n d (fo r 4 J ^ s )----------------------------------------------- *2 0 ,2 2 3
E m e r y , A n d e rso n & C o ., C levela n d (fo r 4 > ^ s)____________________ * 2 0 ,1 5 5
Ferris & W h it e , N ew Y o r k (fo r 4 > ^ s )_____________________________ 20,021
E . H . R o llin s & S on s. C h ica g o (fo r 4 3 4 s )_________________________ 2 0 ,015
G e o . M . H a h n , N e w Y o r k (fo r 4 J ^ s )----------------------------------------------- * 2 0 ,0 1 5
O ’ C on n or & K a h ler, N ew Y o r k (fo r 4 .6 0 s ) _______________________ * 2 0 ,0 2 6
R u d o lp h K le y b o lte & C o ., N ew Y o r k (fo r 4 .6 0 s ) --------------------------- 2 0 ,012
W . J. H a y e s & Son s, C levela n d (fo r 4 .7 0 s )_______________________ 20,038

00
00
00
00
40
00
00
00
00

* In terest t o be p a y a b le se m i-a n n u a lly .

Maturity $1,000 yearly on July 1.
Gloucester, Essex County, Mass.— Bond Sale.— This city
on June 26 awarded an issue of $70,000 4 }^ % 1-10-year
(serial) bonds for various municipal purposes to the Cape
Ann National Bank of Gloucester at 101.28— a basis of about
4.237% . Following are the bids:
Cape A n n N a t. B k ., G io u c e s .1 0 1 .28 IC ity N a tio n a l B a n k , G io u c e s . 100 .27
M errill, O ld h a m & C o ., B o s t .1 0 1 .1 5 9 |N . W . H arris & C o . , B o s t o n . 100.111
R . L . D a y & C o . , B o s t o n ____ 100.319 |

Denomination $1,000. Date June 1 1907. Interest sem i­
annual.
Goshen Township (P. O. New Hampshire), Auglaize
County, Ohio.—-Bond Sale.— On June 11 the $1,200 6 %
bonds for the purchase of additional ground for the W alnut
Hill Cemetery, described in V. 84, p. 1197, were awarded to
Harry S. Chapman. Maturity $300 yearly on Sept. 1 from
1908 to 1911 inclusive.
Greenfield, Greene County, 111.— Bond Offering.— Propos­
als were asked for until 12 m . yesterday (June 28) b y Hugh A.
Shields, City Clerk, for the $7,000 5 % cement sidewalk-construction bonds voted on May 23. Denom ination $500.
Date June 1 1907. Interest payable at the City Clerk’s
office. The result of this offering was not known to us at
the hour of going to press.
Hancock County (P. O. Findlay), Ohio.— Bond Offering.—
Proposals will be received until 12 m. July 19 by the Board
of County Commissioners for the following bonds:
$5,500 5 % c o u p o n B o r m u th R o a d s to n e -p ik e c o n s tr u c tio n (V a n B u ren
T o w n s h ip ) b o n d s.
M a tu r ity $1,000 o n A u g . 1 1908 a n d $500
y e a r ly on A u g . 1 fro m 1909 t o 1917 in c lu s iv e .
3,0 0 0 5 % c o u p o n C o o k so n R o a d s to n e -p ik e -c o n s tr u c tio n (O ra n g e T o w n ­
ship) b o n d s.
M a tu r ity $500 y e a r ly o n A u g . 1 fro m 1908 t o
1913 in clu s iv e .
6,500 5 % c o u p o n B a t t l e s lR o a d s t o n e -p ik e -c o n s tr u c tio n (O ra n ge T o w n ­
ship) b o n d s.
M a tu r ity $1,000 o n A u g . 1 in e a c h o f th e y ea rs
1908. 1909 a n d 191 0, a n d $500 y e a r ly o n A u g . 1 fr o m 1911 t o
1917 in c lu s iv e .

Authority, an A ct of the Legislature, passed April 4 1900.
Denomination $500. Date Aug. 1 1907. Interest semi­
annually at the County Treasurer’s office. Certified check
(or cash) for $200, payable to the County Treasurer, is re­
quired with bids for each issue. Purchaser to furnish bon ds
and coupons at his own expense. John A. Sutton is County
Auditor.
Haverhill, Essex County, Mass.— Temporary Loan.— This
city recently negotiated a loan of $50,000 with E stabrook &
Co. of Boston at 5.2 0% discount. Loan matures O ct. 1 1907.
Huntington County (P. O. Huntington), Ind.— Bond Sale.
— This county on June 22 awarded the $45,000 33^% courthouse-improvement bonds described in V. 84, p. 953, to
J. F. Wild k Co. of Indianapolis at 100.277. Following are
the bids:
J . F . W ild & C o ., I n d ____ $45 ,1 2 5 O O lCitizens’ S ta te B k ., H u n t -$ 4 5 .0 4 5 50
J o s . T . E lliso n & S o n , I n d . 4 5 ,1 1 2 50| W m . C h o p s o n , W a r r e n ___ 4 5 ,0 0 7 50

Interest annually in July. Maturity $7,000 on July 1 in
each of the years 1908, 1910 and 1912 and $8,000 on July 1
Denomination $500. Date July 1 1907. Interest semi­ in each of the years 1909, 1911 and 1913.
annually at the City Treasurer’s office. The result of this
Innisfail Public School District No. 210 (P. O. Innisfail),
offering was not known to us at the hour of going to press.
A lta.— Debenture Offering.— Further details are at hand rela­
Everett (P. O. Sta. Boston), Mass.— Temporary Loan.— tive to the offering of the $23,000 5 % coupon school-building
This city on June 27 negotiated a loan o f $30,000, in antici­ debentures m entioned in V. 84, p. 1263. Proposals for
pation of taxes, with Loring, Tolm an «t Tupper of Boston at these debentures will be received until 8 p. m . July 15 by
5 .4 4 % discount.
Edward J. Fream, Secretary and Treasurer. Date August
Evergreen, Koochiching County, Minn.— Bond Award.— 1 1907. Interest annual. Maturity part yearly for thirty
The Board of Supervisors on June 15 awarded the $8,000 6 % years. Certified check for 5 % , payable to Edward J. Fream,
road and bridge bonds, bids for which were received on June 1 Secretary and Treasurer, is required. Total debt at present
(V. 84, p. 1443), to the Commercial Investment Co. of Du­ $600. Assessed valuation 1907 $546,000.
luth at par.
Ironton, Lawrence County, Ohio.— Bond Sale.— On June
Fort Smith, Sebastian County, Ark.— Bonds Not Sold.— 25 the $16,000 4 % 20-year coupon refunding bonds de­
No bids were received on June 20 for the $550,000 Sewer scribed in V. 84, p. 1321, were awarded to the First National
District No. 2 and $750,000 Paving District No. 5, 4J^% Bank of Ironton at 103— a basis of about 3.7 85% . Follow ­
ing are the bids:
bonds described in V. 84, p. 1196.
F irst N a t. B k ., I r o n t o n _ _ $ 1 6 ,4 8 0 00 C e n tr a iT r .& S .D e p .C o ., C in $ 1 6 ,0 2 4 06
Franklin, Norfolk County, Mass.— Bonds Authorized.— W
e il, R o t h & C o ., C in ____ 16,166 66 T h ird N a t. B k ., C i n c i n . . . 16,020 00
This tow n, it is stated, recently authorized the issuance of S e a s o n g o o d & M a y e r, C i n . . 1 6 ,1 0 0 50 R . K le y b o lt e & C o ., C i n . . 16,017 50
$175,000 4 % bonds for the purchase of the plant of the B r ig h to n -G e rm a n B k .,C ln . 1 6 ,090 50 W e s te rn G e rm a n B k .,C i n . 16,0 1 # 00
Ithaca, Tompkins County, N. Y .— Bonds Not Sold.— No
Franklin W ater Co.
Galena, Cherokee County, Kan.— Bond Offering.— Pro­ award was made on June 24 of the (approxim ately) $666,000
posals will be received up to July 2 by L. H. Winter, City water bonds described in V. 84, p. 1384.
Jones County (P. O. Trenton), No. Car.— Bond Offering.—
Clerk, for $18,000 5 % gold coupon sewer-eonstruction bonds.
Authority Chapter 117, Laws of 1905. Denomination Proposals will be received until 12 m. July 1 by J. K . D ixon ,
$1,000. Date, day of sale. Interest January and July at Register of Deeds, for $10,000 5 % coupon bridge-building
the fiscal agency o f the State of Kansas in New York City. bonds. A uthority an Act of the Legislature of 1907. De­
Maturity Jan. 1 1937, subject to call after ten years. Total nomination $500. Date July 1 1907. Interest semi-annu­
debt, including this issue, $98,000.
Assessed valuation, ally in Trenton. Certified check (or cash) for $500, payable
$800,000.
to J. K . D ixon, Register of Deeds, is required. This county
Gallatin County, (P. O. Bozeman Mont.— Bonds Not Sold. has no debt at present. Assessed valuation 1908, $1,900,000.
Kenmore, Erie County, N. Y .— Bonds Voted.— Bond Offer­
— No sale was made on June 17 of the $35,000 4 % 10-20-year
(optional) coupon refunding bonds described in V. 84, p . 1263. ing.— This village on June 11 authorized the issuance of
Geneseo, Livingston County, N. Y . — Bond Sale.— On $34,600 1 5 -year (average) street-paving bonds b y a vote
June 20 the $20,000 1-20-year (serial) registered village- of 67 to 48. Interest not to exceed 5 % . Proposals for these
building bonds described in V. 84, p. 1443, were awarded to bonds will be received until 12 m. July 2.
Lansing, Ingham Couuty, Mich.— Bond Sale.— This city
W. N. Coler & Co. of New Y ork City at 100.13 and accrued
recently awarded an issue o f $42,000 5 % paving bonds to
interest for 4 ^ s . Following are the bids:




1566

THE CHRONICLE.

the Dyer, Johnson, Barry Co., L td ., for $42,527 50 (101.255)
and accrued interest. Denomination $1,000. Date Aug. 1
1907. Interest annual. Maturity part yearly from 1908
to 1913 inclusive.

[V o l.

l x x x iv

.

Interest semi-annually at the City Treasurer’s office. Ma­
turity July 1 1913. Certified check for $1,000 is required.
Securities will be delivered on or before July 9. Bonds will
be certified as to their genuineness by the United States
Mortgage & Trust Co. of New Y ork City and their legality
approved b y J. H . Caldwell, New Y ork City, whose opinion
as to legality will be furnished to purchaser. A. W . Reynolds
is City Clerk.
The official notice of this bond offering w ill be found among
the advertisements elsewhere in this Department.
Mount Vernon, Knox County, Ohio.— Bond Sale.— On
June 24 the $3,000 5 % 1-10-year (serial) coupon Madison
Street sewer and $17,000 5 % East High Street (city ’s por­
tion) paving bonds described in V. 84, p. 1322, were awarded
to Otis & Hough of Cleveland at 103.50 and 103.505 respec­
tively. The follow ing bids were received:

Latta School District No. 20 (P. O. Latta), Marion County,
So. Car.— Bond Offering.— Proposals will be received until
4 p. m . July 1 by John C. Bethea, District Secretary and
Treasurer, for $14,000 5 % coupon school-building bonds..
Denomination $500. Date July 1 1907. Interest semi­
annually at the Bank of Latta in Latta. Maturity July 1
1927. Bonds are exem pt from taxation. Certified check
for $500, payable to the Secretary and Treasurer, is required.
This district has no debt at present. Assessed valuation in
1906, $300,000. Purchaser to pay for printing bonds.
These bonds were offered on June 1 (V. 84, p. 1385) bu t all
bids received on that day were rejected.
Livingston, Sumter County, Ala .-—Bond Offering.— Pro­
posals will be received until 12 m ., July 15, b y T. B. Smith,
M a d iso n Street
E a st H igh Street
Mayor, for the $20,000 5 % coupon school-building bonds
Sew er B o n d s.
P a v in g B on d s.
voted on May 27 (V. 84, p. 1385). Denomination $500.
$ 3 ,000
$17 ,000
$ 1 7 ,5 9 6 00
Date June 1 1907. Interest semi-annual. Maturity $1,000 O tis & H o u g h , C le v e la n d ____________ ______ ___ $3,105 00
W . R . T o d d & C o ., C i n c i n n a t i - - - - ____________ 3,1 0 0 00
17,5 0 0 00
yearly on June 1 from 1908 to 1927 inclusive. Bonds are W . J . H a y e s & S o n s, C le v e la n d _______________ 3 ,0 5 9 00
__________
17,5 3 7 50
tax-exem pt. Certified check for $500, payable to T. B. H a y d e n , M iller & C o ., C le v e la n d ......................... .............
D e n iso n & F a rn sw o rth , C le v e la n d ____________
_______
1 7 ,488 25
Smith, is required. Bonded debt, this issue. Assessed H o e h le r & C u m m in gs, T o le d o _________________
_______
17,4 6 8 50
F . L . F u ller & C o ., C le v e la n d (b o th is su e s )___ __________ $20 ,5 8 8 00----------- -—
valuation 1907, $450,000.
N e w F irst N a t. B a n k , C o lu m b u s (b o t h issu e s)------ ---------- 20,2 2 5 00---------------Mahoning County (P. O. Youngstown), Ohio.— Bond
The East High Street bonds mentioned above mature $850
Sale.— On June 24 the $350,000 4J^% coupon court-house
and jail bonds described in V. 84, p. 1444, were awarded to each six months from May 1 1908 to May 1 1917 inclusive.
Muskegon, Muskegon County, Mich.— Price Paid for
W eil, Roth & Co. of Cincinnati, the Western German Bank
of Cincinnati and Hoehler & Cummings of T oledo, at 103.886 Bonds.— We are advised that the price paid for the $15,000
— a basis of about 4.1 12% . The follow ing bids were re­ 4 ^ % 20-year refunding bonds awarded on June 17 to the
Harns Trust & Savings Bank of Chicago (V. 84, p. 1504)
ceived:
was 100.50. Denomination $1,000. Date July 1 1907.
W e il, R o t h & C o ., C in c in .l
IS e a so n g o o d & M a ye r, C I n .l
H o e h le r & C u m m in g s , T o l . J-$363,6011 D e n iso n & F a rn sw o rth , Cle |-$363,457
Interest semi-annual.
W e s t. G erm an B k ., C in c in .j
: H a y d e n , M iller & C o ., C le.J
Nashville School District ( P. O. Nashville), Brown County,
|O tis & H o u g h , C le v e la n d -- 363 ,165
I W . J. H a y e s & S o n , C l e v e ,_ 3 5 9 ,5 5 7
Ind.— Bond Sale.— On June 15 the $2,800 10-16-year (serial)
Maturity $7,000 each six months from March 1 1908 to coupon school-building bonds described in V. 84, p. 1386,
Sept. 1 1932 inclusive.
were awarded to J. F. W ild & Co. of Indianapolis for $2,Malden (P. O. Station Boston), Mass.— Temporary Loan.— 805 50 (100.196) for 4s.
The City Treasurer on June 26 negotiated a loan of $125,000
Nemaha County (P. O. Auburn), Neb.— Bond Sale.— On
with Blake Bros. & Co. of Boston at 5 .3 3 % discount. Loan May .30 this county disposed of $20,000 6 % 10-year drainage
matures in four months.
bonds to the Security Savings Bank & Trust Co. of Toledo
Mansfield, Richland County, Ohio.— Bond Offering.— Pro­ at 102.875. Interest annually in July.
posals will be received until 12 m. July 6 by I). S. K oontz,
New Orleans, La.— Bond Offering.— Proposals will be re­
City Auditor, for the follow ing bonds:
ceived until 3 p. m. July 23 (postponed from July 12) by
$1 ,6 0 0 4 % D ick s o n A v e n u e Im p ro v e m e n t b o n d s . M a tu r ity p a rt y e a r ly on
the Board of Liquidation o f the City D ebt for the $175,000
S ep t. 1 fro m 1908 t o 1912 In clu sive.
to $200,000 4 % coupon school-teachers’-salary bonds offered
5 ,0 0 0 4 % co u p o n e le ctric lig h t b o n d s, a d e scrip tio n o f w h ich w as given in
but not sold on March 26. See V. 84, p. 829. Denom ina­
V . 8 4 , p . 138 5. M a tu rity p a rt y e a r ly o n S e p t. 1 fro m 1908 t o
1917 in clu s iv e .
tion $1,000. Date Jan. 1 1907. Interest semi-annual.
Denominations from $100 to $1,000. Interest March 1 Maturity Jan. 1 1927, subject to call after Jan. 1 1917.
and Sept. 1 at the City Treasurer’s office. Bonds are exem pt Certified check for $5,000 on the entire issue and for 3 %
from taxation. Bids must be made on blank forms furnished on amounts less than the entire issue is required. Past-due
by the City Auditor and accom panied b y a certified check interest coupons will be canceled before delivery to purchaser.
for 10% o f bonds bid for, payable to the “ City of Mans­
Newport, Newport County, R . I .— Temporary L oan .— This
field .” The official circular states there has never been city on June 27 negotiated a loan of $25,000 with Blak^ Bros.
any default in the paym ent of obligations of the city.
& Co. of Boston at 5.56% discount. Loan matures Sept. 1
Middlesex County (P. O. New Brunswick), N. J.— Bond 1907.
Sale.— This county recently disposed of the $80,000 4 %
Newton, Harvey County, Kan.— Bond Sale. — This place
10-29-year (serial) registered bridge bonds described in V. 84, recently awarded $40,000 5 % 15-year refunding bonds,
p. 1198, to local banks and individuals at par and accrued dated July 1 190/, to Spitzer & Co. of Toledo. Denom ina­
interest.
tion $1,000. Interest semi-annual.
Mills County (P. O, Glenwood), Iowa.— Bond Sale.— This
Norfolk County (P. O. Dedham), Mass.— Temporary Loan.
county has disposed of $2,000 6 % drainage bonds.
-This county recently negotiated a loan of $40,000 with the
Minneapolis, Hennepin County, Minn.— Bonds Not Sold.— Dedham National Bank of Dedham at 5.2 5% discount.
No bids were received on June 26 for the $441,000 school Loan matures Dec. 16 1907.
and the $150,000 park 4 % 30-year bonds described in V . 84,
Northampton, Hampshire County, Mass.— Temporary
p. 1385.
Loan.— This city recently borrowed $50,000 until N ov. 27
Monessen School District (P. O. Monessen), Westmore­ from Bond & Goodwin of Boston at 4 ^ % discount.
land County, Pa.— Bond Sale.— This district has awarded
Norwalk, Fairfield County, Conn.— Bond Sale.— W e are
the $25,000 school-building and the $15,000 funding 4 ^ %
advised that the $75,000 20-year coupon refunding bonds
bonds m entioned in V. 84, p. 1137, to the Cleveland Trust offered but not sold on May 10 (V. 84, p. 1198) have been
Co. of Cleveland at 100.25. Denom ination $10,000. Ma­ awarded at private sale to Blodgett, Merritt & Co. of Boston
turity $10,000 in each of the years 1912, 1917, 1922 and 1927. as 4s.
Monroe, Union County, N. C.— Bond Offering.— Proposals
Norwalk, Huron County, Ohio.— Bond Sale.— This city
will be received until 12 m ., Aug. 1, by J. D. M cRae, Mayor
recently disposed of the following bonds:
for $45,000 5 % bonds. Authority, A ct of Legislature 1907. $ 22 ,500 5 % 5 Vi -y e a r p a v in g b o n d s, aw a rd ed t o E m e ry , A n d e rso n Sc C o.
Denom ination not to exceed $1,000. Interest annually on
o f C levelan d .
1 3,0 0 0 5 % 5 V^-year p a v in g b o n d s, a w a rd ed t o E m e r y , A n d e r s o n & C o.
Jan. 1. Bonds are redeemable $1,000 one year after date
o f C levelan d .
of issue and $2,000 yearly beginning tw o years after date
3,7 5 0 254-y e a r sew er b o n d s, a w a rd ed t o th e C itizen s’ B a n k in g C o . o f
N orw a lk .
of issue. A deposit of $500 is required with bid.
3 ,2 5 0 2 K -y e a r sew er b o n d s, a w a rd ed t o th e C itizen s’ B a n k in g C o. o f
N orw a lk .
Montreal, Que.— Temporary Loan.— This city has borrowed
$2,000,000 for twelve months at 4 ^ % interest.
Norwood (P. O. Ind. Sta. H, Cincinnati), Ohio.— Bond
Morris, Man.— Debenture Offering.— Proposals will be re­ Offering.— Proposals will be received until 12 m ., July 26,
ceived until July 10 by R . F. M cTavish, Secretary and b y W. E. Whichgar, City Auditor, for $4,000 4 % fire and
police-station-eciuipment bonds. Authority, Section 2835,
Treasurer, for the following debentures:
Revised Statutes, and an ordinance passed b y the City Coun­
$15 ,000 414 % r e fu n d in g d e b e n tu re s .
M a tu r ity p a rt y e a r ly fo r 20 years.
3 ,5 0 0 5 % d e b e n tu re s . M a tu r ity p a r t y e a r ly fo r 10 yea rs.
cil on Feb. 18 1907. Denomination $500. Date, day of
Certi­
The above debentures are dated Jan. 15*1907. Interest sale. Interest semi-annual. Maturity 25 years
semi-annuaL Total debenture debt, including these issues, fied check for $200, payable to the City Treasurer, is re­
quired. Purchaser to pay accrued interest.
$23,500.
Oakland, Alameda County, Cal.— Bond Offerin') Again
Mount Vernon, Westchester County, N. Y .— Bond Offer­
in g.— Proposals will be received until 8 p. m ., July 2, by the Postponed.— The offering of the $992,000 4J^% gold coupon
public-park bonds which was to have taken place June 17
Com m on Council for $20,000 5 % assessment bonds. Author­ (V. 84, p. 1322,) has again been postponed; this time until
ity , Section 201, Chapter 182, Laws of 1892, as amended by Aug. 5.
Chapter 692, Laws 1896, and as further amended by Chapter
Orange County (P. O. Hillsboro), N. C.— Bond Offering.—
275, Laws 1900. Denomination $1,000. Date July 1 1907. Proposals will be received until July 1 by P. C. Collins,




J u n e 29 1907. J

Chairman Board of R oad Commissioners, for $40,000 5 %
coupon bonds for macadamizing roads. Denomination
$500. Date July 1 1907. Interest semi-annually at the
Bank of Orange in Hillsbroo. Maturity July 1 1937. This
county has no debt at present. Assessed valuation 1906,
$12,000,000. Delivery of bonds, $10,000 on July 1 in each
of the years 1907, 1908, 1909 and 1910.
Papilion, Sarpy County, Neb.— Bond Sale.— This village
recently awarded the $18,000 5 % 5-20-year (optional) water
bonds offered bu t not sold on April 30 (V. 84, p. 1198), to
the City Savings Bank of Omaha at par, less accrued interest.
Denomination $1,000. Date April 1 1907. Interest annual.
Park City School District No. 5 (P. O. Park City), Yel­
lowstone County, Mont.— Bonds Not Sold— Bond Offering.—
No sale was made on June 15 of the $15,000 10-20-year
(optional) coupon bonds described in V . 84, p. 1386. Pro­
posals are again asked for these bonds and will be received
this time until July 23.
Pataskala School District (P. O. Pataskala), Licking
County, Ohio.— Bond Offering.— Proposals will be received
until 12 m ., July 6, by Seymour Smith, Clerk of Board of
Education, for $30,000 4 ^ % school-building bonds. Au­
thority, Sections 3991 and 3992, Revised Statutes. De­
nomination $1,000. Date July 1 1907. Interest semi­
annual. Maturity $1,000 yearly on July 1 from 1908 to
1937 inclusive. Bonds are tax-exem pt. Certified check for
$1,000 is required. These securities were offered w ithout
success as 4s on June 8.
Paulding, Paulding County, Ohio.— Bond Sale.— On June
24 the $16,000 5 % W illiam Street im provem ent bonds de­
scribed in V. 84, p. 1386, were awarded to the Paulding
Deposit Bank at 103 and accrued interest. M aturity $1,500
yearly on June 1 from 1908 to 1915 inclusive and $2,000 on
June 1 in each of the years 1916 and 1917.
Peel County, Ont.— Debenture Offering.— Proposals will
be received until 8 p. in ., July 6, b y C. A. Irvine, County
Warden (P. O. B ram pton), for $100,000 4 % public-highwayim provem ent debentures. Interest annual. Maturity 30
years.
Penfield Union Free School District No. 1 (P .O . Penfield),
Monroe County, N. Y .— Bond Sale.— On June 20 the $15,000
5 % gold coupon school bonds described in V . 84, p. 1445,
were awarded to the Rochester Savings Bank of Rochester
at 103.833— a basis of about 4.5 53% . The following bids
were received:
R o c h .S a v . B a n k , R o c h e s t e r .$ 1 5 ,575 | N a tio n a I B a n k o f C o m m e rce ,
R o c h e s t e r ___________________ $15 ,000
O tts & H o u g h , C le v e la n d ____ 15,402|
M y ron W . G reen e, R o c h e s t e r 15,025 |E .S e y m o u r & C o ., N .Y . (4 .6 0 s) 15,027

Maturity $750 yearly on Dec. 1 from 1908 to 1927 inclusive.
Perinton (P. O. Fairport), Monroe County, New York.—
Bond Sale Not Consummated.— We are advised that the
$25,000 1-20-year (serial) registered town-hall bonds awarded
on June 20 (V. 84, p. 1504) to the Rochester Savings Bank
of Rochester at 100.04 and accrued interest for 4J^s take
the place of the $25,000 1-20-year (serial) registered tow nhall bonds awarded on March 4 (V . 84, p. 587) to W . J.
Hayes & Sons of Cleveland, which sale was never consum­
m ated.
Philadelphia, Pa.— Bond Sale.— On June 24 the $6,000,000
4 % 30-year registered bonds, a description of which was
given in V . 84, p. 1265, were awarded to a syndicate headed
b y Drexel & Co. and Brown Bros. & Co. o f Philadelphia at
100.27— a basis o f about 3.9 85% .
Plumas County (P. O. Quincy >, Cal.— Bonds Voted.— An
election held June 8 resulted in favor of a proposition to
issue $100,000 4 % bridge and highway bonds. The vote
was 418 “ for” to 204 “ against.” Denomination $1,000.
Interest semi-annual.
Portland, Cumberland County, Me.— Temporary Loan.—
This city on June 22 negotiated a loan of $100,000 (V. 84,
p. 1505) with Bond & Goodwin of Boston at 5 .3 7 % discount.
Loan matures Oct. 1 1907.
Rainier, Columbia County, Ore.— Bond Sale.— On June 15
the $25,000 10-20-year (optional) water bonds described in
V. 84, p. 1446, were awarded to Morris Bros, of Portland
at 101 for 6s. Interest semi-annual.
Red Cloud School District (P. O. Red Cloud), Webster
County, Neb.— Bids Rejected— Bond Offering.— All bids re­
ceived on June 20 for the $25,000 4J^% 5-20-year (optional)
school-building and heating-plant bonds described in V. 84,
p. 1323, were rejected. We are inform ed that these bonds
will be re-offered on July 13.
Red Deer, Alta.— Debentures Not Sold.— W e are advised
under date of June 20 that this town is still offering for sale
the six issues o f 5 % debentures, aggregating $67,300, de­
scribed in V. 84, p. 1138.
Redlands, San Bernardino County, Cal.— Bonds Voted.—
The election held June 18 resulted in favor of the proposition
to issue $25,000 4V£% gold coupon public-park bonds de­
scribed in V. 84, p. 1387.
Richardton, Stark County, No. Dak.— Bond Sale.— On
June 6 $3,500 4 % village-hall and fire-apparatus bonds were
disposed of to the State of North Dakota at par. Denom ina­
tion $250.
Rochester, N. Y ,— Temporary Loans.— The following bids
were received on June 27 for $100,000 local-im provem ent
and $200,000 local-im provem ent renewal note?:




15H7

THE CHRONICLE.

a M on roe C o u n ty S a v in g s B a n k , R o c h e s te r , $ 1 0 0 ,0 0 0 — 4 .9 4 % .
ft S e c u r ity T ru s t C o ., R o c h e s te r , $ 2 0 0 ,0 0 0 — 5 .4 0 % .
d B r o a d w a y S a v in gs In s t it u t io n , N ew Y o r k , $ 2 5 ,0 0 0 — 4 . 7 5 %
p r e m iu m .
A llia n c e B a n k , R o c h e s t e r , $ 3 0 0 ,0 0 0 — 5 . 5 0 % .
B o n d & G o o d w in , N ew Y o r k , $ 3 0 0 ,0 0 0 — 5 .8 7 5 % .
a A w a r d e d $ 1 0 0 ,0 0 0
$ 2 5 ,0 0 0 n o te s .

n o te s ,

ft A w a r d e d

$ 1 7 5 ,0 0 0

n o te s ,

and $5

d A w arded

Rochester, Beaver County, Pa.— Bond Offering.— P rop osa l
will be received until 7:30 p. m ., July 1, b y James W . D on­
caster, Borough Secretary, for $35,000 4 ^ % bonds. D e ­
nom ination $1,000. Interest Jan. 1 and July 1. M aturity
after July 1 1923. Bonds are exem pt from taxation. Cer­
tified check for $100, payable to the Secretary of the Tow n
Council, is required. Bonded debt, including this issue,
$70,100. Assessed valuation, $2,898,636.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Rockaway Township School District (P. O. Rockaway),
Morris County, N. J.— Bond Offering.— Proposals will be re­
ceived until 7:30 p. m ., July 11, for the $4,000 5 % coupon
school-house and site-purchase bonds voted on June 8.
Denom ination $1,000. Date July 5 1907. Interest semi­
annual. Maturity $1,000 yearly on July 5 from 1910 to
1913 inclusive. Bonds are exem pt from taxation. B onded
debt, including this issue, $6,000. C. W . Hall is D istrict
Clerk.
Rockford Township (P. O. Buffalo), Wright County, Minn.
— Bond Sale.— On June 22 the $1,200 6 % registered tow n-hall
bonds described in V. 84, p. 1446, were aw arded to Albert
Boener of Buffalo. Maturity $600 in one year and $600 in
tw o years.
Rocky Mount, Edgecombe County, N. C.— Bonds Not Sold.
— Up to June 20 no sale had yet been made of the $155,000
5 % 40-year coupon school-building, water, light and streetim provem ent bonds described in V. 84, p. 1323. D enom i­
nation $1,000. Date July 15 1907.
Ross County (P. O. Chillicothe), Ohio.— Bond Sale.— On
June 24 the $20,000 5 % coupon bridge bonds described in
V. 84, p. 1505, were awarded to the Ross County Bank o f
Chillicothe at 104.275. Maturity $2,000 every six m onths
from Jan. 1 1910 to July 1 1914 inclusive.
St. Bernard (P. O. Cincinnati), Hamilton County, Ohio.—
Bond Sale.— On June 24 the $4,820 5 % Tower Avenue im ­
provem ent assessment bonds described in V. 84, p . 1265,
were awarded to W eil, R oth & Co. of Cincinnati at 103.143
and accrued interest. Following are the bids:
W e il, R o t h & C o ., C in ____ $4,971 5 0 1G e rm a n N a t. B a n k , C in ___ $ 4 ,8 8 0 25
S e a s o n g o o d & M a y e r, C in ___ 4 ,9 4 3 7 0 | B . W . S ch u lk e n s, C in ____ 4 ,8 7 0 00
O tis & H o u g h , C le v e la n d -- 4 ,9 0 5 0 0 1

M aturity part yearly from Feb. 1908 to Feb. 1917 in clu siv e.
St. Clair County Drainage District No. 1, 111.— Bond Offer­
ing.— Proposals will be received until 1 p . m . July 6 b y
Frederick B. Harding, Clerk of the Board of Drainage Com ­
missioners, No. 344 Collinsville Avenue, East St. Louis,
111., for $184,000 5 % drainage bonds. Interest annual.
M aturity $13,000 yearly from tw o to fourteen years inclusive
and $15,000 in fifteen years. Certified check for $1,000 is
required.
St. Clair County School District No. 182, 111.— Bond Sale.
— On June 17 $2,700 6 % school-building bonds were awarded
to the Trowbridge & Niver Co. of Chicago at 102. Pur­
chaser to furnish blank bonds. Denom ination $675. D ate,
day of delivery. Interest semi-annual. M aturity $675
every five years.
St. Clair Heights, Wayne County, Mich.— Bonds Not Sold.
— No sale was made on June 7 of an issue of $4,583 74 6 %
sewer bonds offered on that day.
St. Joseph, Berrien County, Mich.— Bonds Voted.— An
election held June 3 resulted in favor of a proposition to issue
$30,000 bridge-building bonds.
St. Paul, Minn.— Bond Offering.— Proposals will be re­
ceived until 12 M. July 17 by the Sinking Fund Com m ittee
at the office of Louis Betz, City Com ptroller, for the follow in g
bonds:
$ 1 5 0,00 0 4 % c o u p o n sew er b o n d s t o b e d a te d M a y 1 1907 a n d m a tu re
A p ril 30 1937.
50,000 4 % c o u p o n p a r k b o n d s t o b e d a te d J u n e 1 1907 a n d m a tu r e M a y
31 1937.

Coupon bonds will be exchanged for registered bonds as
any time. Denomination $100 or any m ultiple thereof n ot
exceeding $1,000. Interest semi-annually at the financial
agency of the city of St. Paul in New Y ork City. Certified
check for 2 % of the bonds bid for, payable to the City
Treasurer, is required. Accrued interest to be paid b y pu r­
chaser.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Salem, Essex County, Mass.— Temporary Loan.— This
city recently negotiated a loan of $65,000 with Loring, T olman & Tupper of Boston at 5.3 2% discount. Loan matures
O ct. 17 1907.
Sandusky, Erie County, Ohio.— Bond Sale.— Follow ing are
the bids received on June 21 for the $8,000 4 % 20-year gen ­
eral refunding bonds and the $75,000 4 % 15-year waterfiltration-plant-construction bonds described in V. 81, p. 1387:

1 56fr

THE CHRONICLE.

G eneral refu n d in g
bonds.
$8,000
A m e r ic a n B a n k in g C o ., S a n d u s k y _____________ $8,175 00
O tis & H o u g h , C le v e la n d _______________________ 8 ,0 6 0 80
T o le d o F ire & M arin e In su ra n ce C o ., S a n d ’s k y 8,140 00
T h ird N a tio n a l E x ch a n g e B a n k , S a n d u s k y ___ 8,0 8 0 00
T h ird N a tio n a l B a n k . C in c in n a ti_____________ 8,0 0 0 00

W ater filtra tio n
p la n t bonds.
$75 ,000
$75 ,100 00
7 5 ,5 0 2 50
75,4 2 0 00

All bidders offered accrued interest in addition to their
bids.
Santa Barbara School District (P. O. Santa Barbara),
Santa Barbara County, Cal.— Bond Sale.— On June 17 the
$20,000 5 % 1-20-year (serial) gold school-building bonds
described in V. 84, p. 1324, were awarded to the Harris
Trust & Savings Bank of Chicago at 105.91— a basis of about
4 .3 0 % .
Sarnia, Ont.— Price Paid for Debentures.— We are inform ed
that the price paid for the $30,000 4J^% debentures awarded
on May 8 (V. 84, p . 1199) to W ood, Gundy & Co. of Toronto
was 96 and accrued interest. Debentures are dated April 16
1907. Interest annually in December.
Savannah, Andrew County, Mo.— Bond Sale.— This city
on May 1 awarded the $35,000 5 % water-works bonds voted
on April 22 (V. 84, p. 1072) to the Harris Trust A Savings
Bank of Chicago at 102. Denomination $500. Date May 1
1907. Interest semi-annual. Maturity $1,500 yearly on
May 1 from 1908 to 1917 inclusive and $2,000 yearly on May 1
from 1918 to 1927 inclusive.
Scotland County (P. O. Memphis), Mo.— Bond Sale.— On
June 22 the $50,000 4 % 1-5-year (serial) court-house bonds
dated June 1 1907 and described in V. 94, p. 1506, were
awarded to B. F. Com pton at par. A bid was also received
from the Little & Hays Investm ent Co. of St. Louis.
Seneca, Oconee County, S. C.— Bond Offering.— Proposals
will be received until 6 p. m ., July 6, b y W . F. Austin,
Chairman Board of Public W orks, for $15,000 5 % electriclight-plant bonds. Date July 1 1907. Interest semi-annual.
Maturity July 1 1947, subject to call after July 1 1927.
Certified check for 5 % of am ount bid is required.
Shalersville Township, Portage County, Ohio.— Bond
Offering.— Proposals will be received until 12 m ., July 20,
by Orville Reynolds, Township Clerk, for $5,000 5 % coupon

l x x x iv

.

Canton and Painesville State R oad im provem ent bonds.
Authority, Section 2835, Revised Statutes. D enom ination
$500. Date July 1 1907. Interest March 1 and Sept. 1
at the office of the Township Treasurer. M aturity $500
each six months from March 1 1908 to Sept. 1 1912 inclusive
Certified check for $300, payable to the Township Treasurer,
is required. Purchaser to pay accrued interest and furnish
blank bonds with coupons attached.
Sharon, Mercer County, Pa.— Bonds Voted— Bond Offering.
— This borough on June 25, b y a vote of 400 to 200, author­
ized the issuance of the $100,000 4 % 10-30-year im prove­
m ent bonds m entioned in V. 84, p. 1506. Proposals for these
bonds will be received until Aug. 1.
Shelby, Cleveland County, No. Car.— Bond Sale.— On
June 1 $35,000 5 % 30-year school-building bonds were
awarded to the Trust Company of Dallas in Dallas for
$35,200 (100.571) and cost of bonds. Denom ination $1,000.
Date June 1 1907. Interest semi-annual.
South Carolina.— Temporary Loan.— We are inform ed that
this State recently negotiated a loan of $250,000.
Streator School District No. 45 (P. O. Streator), La Salle
County, 111.— Bond Sale.— On June 15 the $40,000 5 % 5-15year school-building bonds described in V. 84, p. 1200, were
awarded to the Harris Trust & Savings Bank o f Chicago.
Toombs County (P. O. Lyons), Ga.— Bonds Defeated.—
This county on June 12 defeated a proposition to issue
$25,000 court-house-furnishing and jail bonds. The vote
was 113 “ for” to 197 “ against.”
Tulsa, Ind. Ter.— Bond Election.— An election will be held
July 7 to vote on the question of issuing $55,000 20-year
school-building and sewer bonds.
Unionville School District (P. O. Unionville), Putnam
County, M o.— Bond Sale.— On June 24 the $5,000 5 % 10-20year (optional) building bonds described in V. 84, p. 1507,
were awarded to hte Marshall National Bank at 102.52.
Valcerde County (P. O. Del Rio), Texas.— Bonds Voted.—
An election held June 14 resulted in favor of a proposition to
issue $30,000 5 % school-building bonds. The vote was 80
“ for” to 3 “ against.”

N E W LOANS.

#1,000,000

CITY OF LOUISVILLE, KY„
SE WE R BONDS

O ffic e o f th e C o m m is s io n e r s o f S e w e ra g e o f L o u is ­
v ille , R o o m s 505 an d 507 E q u ita b le B u ild in g ,
c o r n e r o f F o u rth A v e n u e a n d J e ffe r s o n
S tr e e ts , L o u is v ille , K y .

[V o l .

N E W LOANS.
# 30,000

City of Mount Vernon,
(Westchester County, N. Y.)

J u n e 1 3 th , 190 7.
T h e M a y o r o f th e C ity o f L o u is v ille has d e liv ­
ered t o th e C o m m is s io n e rs o f S e w e ra g e o f L o u is ­
v ille fo r sale O n e M illion D o lla rs ($ 1 ,0 0 0 ,0 0 0 ) o f
th e b o n d s o f th e C ity o f L o u is v ille , Issued b y
a u t h o r it y o f an A c t o f th e G e n e ra l A s s e m b ly o f
th e C o m m o n w e a lth o f K e n t u c k y , a p p r o v e d th e
19th d a y o f F e b r u a r y , 1 90 6, e n title d " A n A c t t o
E n a b le C ities o f th e F irst Class t o C o n s tr u c t a
C o m p r e h e n siv e S y s te m fo r th e D is p o s it io n o f
S e w e r a g e ,” an d e x e c u t e d u n d e r th e p r o v is io n s
o f an O rd in a n ce o f th e G en eral C o u n cil o f th e
C ity o f L o u isv ille pa sse d in a c c o r d a n c e w ith said
A c t n u m b e r e d 258 o f t h e series o f 1 90 6, e n t tie d
“ A n O rd in a n c e C o n ce r n in g th e Issu a n ce o f B o n d s
o f th e C ity o f L o u is v ille in th e su m o f $ 4 ,0 0 0 ,0 0 0
fo r th e C o n s tr u c tio n o f a C o m p r e h e n s iv e S y s te m
fo r th e D is p o s itio n o f S e w e ra g e , a p p r o v e d O c ­
t o b e r 2 n d , 190 6, a n d p u b lis h e d , as re q u ire d b y
la w . o n O c t o b e r 9 , 1906.
T h e b o n d s are o f th e d e n o m in a tio n o f O ne
T h o u s a n d D olla rs ($ 1 ,0 0 0 ) e a c h , d a te d F e b ru a r y
1, 1 90 7, b e c o m e d u e an d p a y a b le f o r t y yea rs a fte r
d a t e , a n d b e a r in terest at th e ra te o f fo u r p e r c e n t
p e r a n n u m , p a y a b le se m i-a n n u a lly , w ith in terest
c o u p o n s a tt a c h e d ; p rin c ip a l a n d in te re s t p a y a b le
in g o ld c o in o f th e U n ite d S ta te s o f A m e r ic a o f
p resen t sta n d a r d w e ig h t an d fineness a n d n e g o ­
tia b le a n d p a y a b le t o b e a re r at th e F irst N a tio n a l
B a n k o f th e C ity o f N e w Y o r k in th e S ta te o f
N ew Y ork .
T h e b on d s are e x e m p t fr o m a ll fo rm s o f t a x a ­
t io n f o r m u n icip a l p u rp o s e s o f th e C it y o f L o u is ­
v ille , a n d are m a d e a ch a rg e u p o n th e S in k in g
F u n d o f said C ity .
A t a x is t o be le v ie d on all
th e p r o p e r t y s u b je c t t o m u n icip a l ta x a t io n in th e
C ity o f L o u is v ille s u ffic ie n t t o p a y th e p rin c ip a l
a n d in terest o f said b o n d s , an d Is o r d e r e d t o be
a n n u a lly c o lle c t e d an d p a id Into th e S in k in g F u n d
o f th e C ity o f L o u is v ille t o b e used a lo n e fo r th e
p a y m e n t o f th e p r in c ip a l a n d Interest t h e r e o f.

T h e b o n d s h a v e b e e n d e cla re d v a lid b y ju d g m e n t
o f th e C o u rt o f A p p e a ls , th e c o u r t o f la st re so rt
w ith in th e S ta te o f K e n t u c k y .
S ealed p ro p o s a ls f o r th e p u rch a se o f th e w h o le
o r a n v n u m b e r o f said b o n d s w ill b e r e c e iv e d b y
th e C om m issio n e rs o f S ew erage u n til T W E L V E
O ’ C L O C K O N T H E 1 0 T H D A Y O F J U L Y 1907
a t th e o ffic e o f said C om m ission ers in th e E q u ita ­
b le B u ild in g a t th e c o r n e r o f F o u rth A v e n u e and
J e ffe rso n S tre e t In th e C ity o f L o u is v ille , K e n ­
tu ck y .
P ro p o s a ls m u st be m a d e u p o n b lan k s
fu rn ish e d b y th e C om m ission ers o f S e w e ra ge an d
m a rk e d “ P r o p o s a ls fo r B o n d s ,”
T h e C o m m is ­
sion ers o f S ew erage reserve th e rig h t t o r e je c t
a n y o r a ll b id s o r t o a c c e p t th e w h o le o r a n y p a r t
o f a b id fo r th e b o n d s p r o p o s e d t o b e p u rch a se d
b y a n y b id d e r .
N o p r o p o s a l w ill b e c o n s id e re d fo r less th a n th e
ar v a lu e o f said b o n d s , a n d m u st b e a c c o m p a n ie d
y a ce rtifie d c h e c k on a n a tio n a l o r S ta te ban k
d o in g bu sin ess In th e C ity o f L o u is v ille , fo r t w o
p e r c e n tu m o f th e fa c e v a lu e o r th e w h o le n u m b e r
o f b o n d s p r o p o s e d t o b e p u rch a s e d b y s u ch b id d e r .
C h eck s w ill b e r e tu rn e d t o u n su cce ssfu l b id d e r s .
P u rch a se rs w ill p a y a c c r u e d Interest fro m th e
d a te o f said b o n d s u n til th e d e liv e r y th e r e o f.
B o n d s w ill b e r e a d y fo r d e liv e r y in th e C ity o f
L o u is v ille a t th e o fifc e o f th e C o m m issio n e rs o f
S e w e ra g e , In said E q u ita b le B u ild in g , as s o o n as
a llo tm e n ts are m a d e t o s u cce ssfu l b id d e r o r
b id d e r s .
A fa ilu re t o d e p o s it a ce rtifie d c h e c k in fu ll p a y ­
m e n t o f th e a m o u n t o f b o n d s b id f o r a n d a llo tte d
t o a n y b id d e r , o n te n d a y s ’ n o t ic e th a t sam e are
r e a d y fo r d e liv e r y , m a y b e , a t th e o p t io n o f th e
C o m m issio n e rs o f S e w e ra g e , c o n s id e r e d as a c a n ­
c e lla tio n o f th e b id .
T h e a m o u n t o f th e c h e c k a c c o m p a n y in g th e
b id w ill b e h eld fo r th e p a y m e n t o f a n y e x p e n s e
o r d a m a g e ca u se d b y reason o f th e fa ilu re t o p a y
fo r said b o n d s t o th e e x t e n t o f a n y s u ch e x p e n s e
o r d a m a g e in cu rre d .
F u rth e r In fo rm a tio n w ill b e g iv e n a n d co p ie s o f
p r o s p e c tu s fu rn ish e d u p o n a p p lic a t io n .
CH AS. P. W E A V E R ,
P. L. AT H E R T O N ,
S e c r e ta r y & T re a su re r.
C h a irm a n .

Mac Donald, McCoy & Co.,

IN V E S T M E N T BO ND S

ASSESSM EN T

BONDS

T h e C o m m o n C ou n cil o f th e C ity o f M o u n t
V e r n o n w ill, a t th e L u ca s B u ild in g , D e p o t P la c e ,
in said c it y , o n th e 2 N D D A Y O F J U L Y , 1907,
A T 8 O ’ C L O C K P . M ., r e c e iv e se a le d p rop osa ls
fo r th e p u rch a s e o f t w e n ty assessm ent b on d s o f
said C ity o f M o u n t V e r n o n , n u m b ered c o n s e c u ­
t iv e ly as issu ed fro m 1,008 t o 1 ,0 2 7 , b o th in c lu ­
siv e; a n d t h a t th e sa id t w e n ty b on d s w ill be sold
t o th e high est b id d e r a t a p u b lic sale t o be held
a t said tim e an d p la c e .
T h ese are a series o f
b o n d s w h ic h are a u th o r iz e d t o be Issued u nd er
a n d p u rsu a n t t o S e c tio n 201 o f C h a p ter 182 o f
th e L a w s o f 1892, as a m e n d e d b y C h a p ter 692
o f th e L a w s o f 1896, a n d as fu rth er a m e n d e d b y
C h ap ter 275 o f th e L a w s o f 1900.
E a ch b on d
w ill be fo r th e p rin c ip a l sum o f O ne th ou sa n d
d olla rs a n d w ill be a r Interest a t th e rate o f five
p e r c e n tu m p e r a n n u m , p a y a b le sem i-a n n u a lly
at th e o ffic e o f th e C ity T re a su rer o f th e C ity o f
M o u n t V e r n o n . T h e y w ill b e d a t e d J u ly 1, 190 7.
an d p a y a b le o n th e first d a y o f J u ly , 1913.
The
b o n d s w ill be d e liv e re d t o th e p u rch a ser on or
b e fo r e J u ly 9, 1907.
E a ch b id fo r th e sa id b o n d s
m u st be a c c o m p a n ie d b y a c e r tifie d c h e c k fo r
O n e th o u s a n d d olla rs as s e c u r ity fo r p e r fo rm a n ce
o f b id i f a c c e p t e d . T h a t th e said C om m o n C ou n ­
cil w ill a t said tim e a n d p la c e o p e n such p rop osa ls
as m a y b e re c e iv e d a n d a c c e p t th e highest t h e r e o f
i f it b e d e e m e d fo r th e b e st in terests o f th e C ity
so t o d o ; b u t It reserves th e rig h t t o r e je c t a n y or
all p ro p o sa ls s h o u ld lt d e e m lt a d v is a b le .
B on d s
w ill b e e n g r a v e d u n d e r th e su p erv ision o f an d
c e r tifie d as t o gen u in en ess b y th e U n ited S tates
M o rtg a g e & T ru s t C o m p a n y , a n d th eir leg a lity
a p p r o v e d b y J. H . C a ld w ell, E s q ., o f N ew York'
C ity , w h ose o p in io n as t o le g a lity w ill be fu rn ish ed
t o th e p u rch a ser.
B y s ta tu te th e b o n d s c a n n o t
b e so ld fo r less th a n p a r an d a c c r u e d in terest.
B y o r d e r o f th e C o m m o n C ou n cil.
D a te d M o u n t V e r n o n , N . Y . , Ju n e 18 th , 1907.
A .W . R E Y N O L D S , F R E D E R I C K W . C L A R K ,
C ity C lerk.
A c t in g M a y o r .

Specialists in New Jersey Securitas.

H U H I d PAL

AND

CORPORATION

Lists upon request.

Denison & Farnsworth,

BONDS.

BOSTftN

181 L a S a lle Street, C hicago.

C 1 L E V M A N B M id P H I L A D E L P H I A .

e is e l e

&

k in g

,

BANKERS,
M em bers o f N ew Vo*k and Phite4e>ptua
Steok B w *u u *ies.
P riv a te W ire s to
H .Y. and P h ilad elp h ia.

1 5 7 -7 5 9 B roa d S t •
N E W A R K ..

Established 1WS.

BONDS SffiJoS? COUPONS H. C . Speer & Sons Co.
with steei-ola te hordera, o r llth o g r a p b e d , o r part­
ly printed from ty p e . I f th e latter, th en can be
D E L IV E R E D

IN F E W

DAYS

Certificates *>rgrave<l In best m anner, o r Dartlv
lith osraD oed and partly prin ted

First Nat. Bank Building, Chicago

C IT Y C O U N T Y
ALBERT B. KIN G & CO., 206 Broadway, N. Y.,
AND T O W N S H IP




R O

IM H Q
U ^

THE

N O R T H E R N A U D I T CO.
3i4 B r o a d w a y ,

N ew Y orU

CHAS GBISW0LD BOUEHE, President •
T e le p h o n e 45W2 Broad

Wallington School District (P. O. Rutherford), Bergen
County, N. J.— Bond Offering.— Proposals will be received
until 8 p . m. July 8 by the Board of Education for $13,000
4 % % coupon public-school-addition bonds. Denom ination
$500. Date May 1 1907. Interest semi-annually at the
Passaic National Bank of Passaic. Maturity $500 yearly on
May 1 from 1918 to 1943 inclusive. Certified check for 5 %
o f bonds bid for, drawn on a State or national bank or trust
com pany, and made payable to the “ Board of E du cation ,”
is required. Arthur J. Prall is D istrict Clerk.
Wayland, Allegan County, Mich.— Bond Sale.— On June 5
$15,000 5 % water-works bonds were awarded to the W ay­
land State Bank of W ayland at par.
Wellesley, Norfolk County, Mass.— Temporary Loan.—
This place has negotiated a loan of $10,000 with the Wellesley
National Bank of W ellesley at 5.1 7% discount. Loan ma­
tures in five months.
Wellington, Sumner County, Kan.— Bonds Voted.— By a
vote of 307 to 83, this city on June 18 authorized the issuance
of $25,000 city-liall bonds. Interest not to exceed 5 % .
M aturity not to exceed twenty years. Date of sale not yet
determined.
West Bend, Washington County, W is.— Bond Sale.— On
June 20 $25,000 5 % coupon water-works bonds were awarded
to Mason, Lewis & Co. of Boston at 106.02. By the terms
of the offering purchaser is required to furnish blank bonds.
Bids were also received from the Harris Trust & Savings
Bank of Chicago, Rudolph K leybolte & Co. of Chicago and
the Bank of W est Bend in 'West Bend. Denom ination
$2,000, except one bond for $1,000. Date Sept. 1 1907.
Interest payable in W est Bend. Maturity $1,000 on March
1 1914 and $2,000 yearly on March 1 from 1915 to 1926 inelusive.
W est Orange, Essex County, N. J.— Bond Sale.— Local
papers state that the only bid received on June 18 for the
$142,000 43^% 10-year gold coupon sewer bonds described
in V. 84, p. 1448, was from the Orange National Bank of
Orange at par.
Whittier, Los Angeles County, Cal.— Bonds Defeated.—
An election held June 12 resulted in the defeat of a propo-

sition to issue $95,000 sewer bonds. The vote was 225
“ for” to 191 “ against,” two-thirds m ajority being necessary
to authorize.
Williamston, Martin County, No. Car.— Bond Offering.—
Further details are at hand relative to the offering on July
10 of the $8,000 5 % coupon Tow n Building bonds men­
tioned in V . 84, p. 1448. Proposals for these bonds will be
received until 12 m . on that day b y C. H. Godwin, Town
Clerk. Denom ination $500. Interest semi-annually at the
Bank of Martin County in W illiam ston. M aturity thirty
years. The tow n has no debt at present. Assessed valua­
tion $600,000.
Wilmington, New Castle County, D el.— Bond Offering.—
Proposals will be received until 12 m . July 3 b y the Finance
Committee, W illiam P. W hite, Chairman, for $430,000 4 %
gold water-works bonds. These securities are part of an
issue of $800,000 authorized b y an A ct of the General Assem­
b ly approved March 29 1907. Denomination $1,000. Date
May 1 1907. Interest semi-annually at the Union National
Bank of W ilm ington. Maturity on May 1 as follows: $30,000
yearly from 1910 to 1913 inclusive, $40,000 yearly from
1914 to 1917 inclusive and $50,000 yearlj’ from 1918 to
1920 inclusive. Each bid must be made on a blank form
furnished b y the city and must be accompanied b y a certified
check for 2 % of bonds bid for, drawn on a bank or trust
i
com pany of W ilm ington, and made payable to Charles H .
|
Blaine, City Treasurer. Bonds to be delivered July 17.
; These securities will be certified to as to their genuineness
j
b y the United States Mortgage & Trust Co. of New Y ork
City. Accrued interest to be paid b y purchaser.
Bond Sale.— This city recently awarded the $250,000
street and sewer bonds, offered w ithout success as 4s on
i
May 22 (V. 84, p. 1268), to N. W . Harris & Co. of Boston
as 434s.
Wyandotte, Wayne County, Mich.— Bond Sale.— On June
26 the $24,000 4 ^ % 30-year street-paving-intersection
! bonds described in V . 84, p. 1508, were awarded to E . H.
j Rollins & Sons of Chicago at 100.55 and interest— a basis of
about 4.4 67% .
Woonsocket, Providence County, R. I . — Bond Sale.— On
!
, June 24 the $200,000 V/2 % 20-year gold coupon (with

N E W LOANS.

N E W LOANS.

§ 200,000

C IT Y

OF

$ 1,200,000

ST. PAUL,

BONOS

SOUTH PARK

Four Per C e n t-T h irty Years
S E A L E D P R O P O S A L S w ill b e r e c e iv e d at tile
o ffic e o f th e C ity C o m p tr o lle r b y th e S in k in g
F u n d C o m m itte e u n til 12 o ’ c lo c k n o o n , on
J U L Y 17, 1 90 7, a n d o p e n e d a t th a t t im e , fo r th e
w h o le o r a n y p a rt o f $ 2 0 0 ,0 0 0 00 o f b o n d s o f th e
C ity o f S t. P a u l, d e scrib e d as fo llo w s :
$15 0 ,0 0 0 00 S E W K R B O N D S d a te d M ay 1
1907 an d m a tu r in g A p ril 30, 1937, be a rin g in ­
teres t at 4 % . B o n d s in d e n o m in a tio n o f $ 1 ,0 0 0 00.
And
$ 5 0 ,0 0 0 00 P A R K B O N D S , d a te d Ju n e 1, 1907.
an d m a tu r in g M ay 3 1 , 1937, b e a rin g Interest at
fo u r (4 % ) p e r c e n t.
B o n d s in d e n o m in a tio n o f
$100 00 o r a n y m u ltip le th e r e o f n o t e x c e e d in g
$ 1 ,0 0 0 00 ea c h , as th e p u rch a se r m a y desire.
B o th issues w ill be c o u p o n b o n d s , in te re st p a y ­
a b le s e m i-a n n u a lly .
In te re st and p rin cip a l p a y ­
ab le at th e F in an cial A g e n c y o f th e C ity o f St.
P a u l in N ew Y o r k C ity .
B o n d s t o b e d e liv e re d
at th e C o m p tr o lle r 's o ffic e , w here p a y m e n t m u st
b e m a d e , th e p u rch a se r t o p a y a c c r u e d Interest
t o d a te o f d e liv e r y .
A ce rtifie d c h e c k , p a y a b le
t o th e C ity T rea su rer o f th e C ity o f S t. P a u l fo r
tw o (2 % ) p e r c e n t o f th e p a r v a lu e o f th e b o n d s
b id fo r , m u st a c c o m p a n y e a ch b id th at w ill be
co n s id e r e d .
T h e C o m m itte e reserves th e rig h t
t o r e je c t a n y an d all b id s .
D e sc r ip tiv e circu la rs w ill b e m a ile d o n a p ­
p lic a t io n .
T h ese b o n d s ca n be e x c h a n g e d fo r R e g iste re d
B o n d s In a n y d e n o m in a tio n , a t a n y tim e a fte r th eir
issu e.
P r o p o s a ls t o be ad d ressed t o
L O U IS B E t fZ ,
C ity C o m p tr o lle r .

ERVIN & COMPANY,
BANKERS,
M
\ New York Stock Exchange,
em e” } Philadelphia Stock Exchange.
BONDS

1569

THE CHRONICLE.

J u n e 29 1907.J

FO R

O fY E S T M E N T

43 Exchange Plaee,
New York

Drexel Building,

4

PER

CE1NT

SERIAL

BONDS

The South Park Commissioners (Chicago, 111.) will receive proposals
for Twelve Hundred|( 1,200)One Thousand Dollar ($1,000) Four (4% ) Per
Cent Serial Bonds until Four P .M .,

Tuesday, July 2nd, 1907,
at the office of said South Park Commissioners, 57th Street and Cottage
Grove Avenue, in the City of Chicago.
Full information and form of proposal may be obtained upon appli­
cation to the undersigned.
E. G. S H U M W A Y ,

Secretary.

FILE COVERS

CHRONICLE
AND SUPPLEMENTS

Strin g file cov ers m a y be h a d for h o ld in g th e C h r o n i c l e an d S u p p l e m e n t s
in s ix d ifferent sty le s as b e lo w :

Price fo r File Covers, 5 0 C ents.
Postage, 18 Cents
C h arg e fo r B in din g V o lu m es, $1 5 0 .

C O M M E R C IA L & F I N A N C I A L C H R O N IC L E ,
Pine Street, Corner Pearl Street, New York.

Philadelphia.

C H R O N I C L E A N D A L L S U P P L E M E N T S ( s ix m o n t h s ’ is s u e s ) B l a c k C o v e r ,
S U P P L E M E N T S O N L Y ( s i x m o n t h s ’ is s u e s ) R e d C o v e r .

F. B. SH ERM A N & CO.
m u n ic ip a l

BONDS

CORPORATION )

205 La Salle Street, CHICAGO




& I N D U S T R I A L S U P P L E M E N T ( y e a r ’ s is su e s* G r a n it e G o v e r ,

STR E E T R A IL W A Y SU PPLEM ENT
S T A T E & C IT Y SU P P L E M E N T

)

and

R A IL W A Y

( y e a r ’ s is s u e s ) G r e e n C o v e r .
( y e a r ’ s is s u e s ) T e r r a C o t t a C e v e r ,

B A N K & Q U O T A T IO N S U P P L E M E N T

WILLIAM

(y e a r ’B is su e s ) Y e llo w C o v e t

1 5 . I>AJVA CO.,

Publishers.

7 6 * PINE STREET, CORNER PEARL STREET, NEW YORK.

1570

THE CHRONICLE.

privilege of registration) refunding bonds described in V. 84,
p . 1503, were awarded to N. W . Harris & Co. of Boston at
101.089 and accrued interest— a basis of about 4 .4 1 9 % .
Following are the bids:
N . W . H arris & C o ., f fo r 4 s .101 .0 6 9 IE H . R o llin s & S o n s, B o s to n * 9 7 .1 4
9 3 .0 7 9 1B lo d g e t , M errill & C o ., B o s .a 9 6 .6 5 5
B o s to n __________] f o r 4 s
M errill, O ld h a m & J fo r 4 J ^ s 101.4191
C o ., B o s t o n ____ * \ fo r 4 s
93.819|
* F o r a ll o r n o n e , a F o r b o t h issues.

Bonds Not Sold.— All bids received for the $200,000 4 %
30-year gold coupon (with privilege of registration) funding
bonds offered on the same day (V. 84, p . 1508) were rejected.
Yakima County School District No. 34, W ash.— Bond
Offering.— Proposals will be received until 11 a. m . July 13
b y Lee Tittle, County Treasurer (P. O. North Yakim a) for
$2,500 coupon school-addition bonds at not exceeding 6 %
interest. A uthority page 357, Laws of 1897. Interest
annually at the County Treasurer's office. M aturity tw enty
years, subject to call after five years. Assessed valuation
1906, $364,080.
Yakima County School District No. 32, W ash.— Bond
Offering.— Proposals will be received until 10 a. m . July 13
b y Lee Tittle, County Treasurer (P. O. North Yakim a) for
$5,000 coupon school-addition bonds at not exceeding 6 %
interest. A uthority Page 357, Laws of 1897. Interest
annually at the County Treasurer’s office. Maturity fifteen
years, subject to call after ten years. Assessed valuation
1906, $305,865.
Yellow Springs, Greene County, Ohio.— Bond Sale.— On
June 22 the $1,930 5 % 6-year coupon funding bonds de­
scribed in V. 84, p. 1448, were awarded to P. M. Stewart,
Cashier of the Miami Deposit Bank of Yellow Springs for
$1,956— the price thus being 101.347— a basis of about
4 .7 3 9 % . This was the only bid received.
Yonkers, Westchester County, N. Y .— Bond Offering.—
Proposals will be received until 8 p. m ., July 8, b y the Board
of W ater Commissioners, John J. D evitt, President, for
$150,000 4 ^ % registered water bonds. Authority, Chap­
ter 36, Laws of 1873, as amended b y Chapter 368 of the Laws
of 1907. Denom ination to suit purchaser. Date July 1
1907. Interest April 1 and Oct. 1 at the office of the City
Treasurer. Maturity April 1 1927. Certified check for

N E W LOANS.
^ 450,000

[V o l .

lkxxjv.

$1,000, payable to the Treasurer of the Board of W ater
Commissioners, is required. Bonds will be delivered July 15
1907. A. W . Kingsbury is Clerk of the Board. These bonds
were offered w ithout success as 4s on June 13. See
84,
p. 1448.
Yonkers School District (P. O. Yonkers), Westchester
County, N. Y .— Description of Bonds.— We are advised that
of the $11,200 4 % registered school bonds awarded on June 18
to the People’s Savings Bank of Y onkers at par
84,
p. 1508), $8,700 are dated May 15 1907 and mature April 1
1949, and $2,500 are dated June 1 1907 and mature April 1
1950. Interest April 1 and O ct. 1.
Youngstown, Mahoning County, Ohio.— Bond Sale.— On
June 24 the follow ing bids were received for the five issues of
5 % street-improvement bonds aggregating $34,935, described
in V. 84, p. 1326:

V.

(V.

West Federal Caroline S t. Fifth A v e. Broadway
Seneca St.
St.widening extension
pamng
sewer
paving
bonds.
bonds.
bonds.
bonds.
bonds.
$19,000
$4,500
$5,340
$2,515
$3,580
Otis & H ough, C le v e .. o$19,461 00
_________
Dim e Savs. B k .. Akron_
________ a$4,535 00
Firemen’s Pension Fund,
Trustees, Youngstown
________
0$5,446 00 a$3,651 00 ................
New First N at. B k ., C ol. 19,150 00
4,505 00
5,345 00
3,583 00 a$2,517 00
Denison & Farnsworth,
19,420 00
....................................................................................
Cleveland____________
H oehler& Cummings.Tol 19,402 75
_________
_________
_________
_________
H ayden, M ille r * C o., Cl. 19,313 50
_________
_________
_________
_________
Breed & H arrison,C inn. 19,267 61
_________
_________
_________
_________
o Successful bid d en .

“1

Bond Offering.— Proposals will be received until 2 p . m .,
July 22, b y W m . I. Davies, City Auditor, for the following
bonds:
$ 1 5 ,0 0 0 5 % W e s t B o a rd m a n S treet w idening- b o n d s .
M a tu r ity $ 3 ,000
y e a r ly o n O ct. 1 fro m 1909 t o 1913 in c lu s iv e .
375 5 % s tr e e t-o p e n in g b o n d s .
M a tu r ity O c t . 1 1909.
1 5 .0 0 0 5 % w a te r-m a in -e x te n slo n b o n d s . M a tu r ity $ 3 ,0 0 0 y e a r ly o n
O c t . 1 fro m 1909 t o 1913 in clu s iv e .
4 2 .0 0 0 5 % v a r io u s -s tr e e t-im p r o v e m e n t ( c i t y ’s p o r tio n ) b o n d s .
M a tu rity
$ 7 ,0 0 0 y e a r ly o n O c t . 1 fro m 1909 t o 1914 in c lu s iv e .
1,560 5 % S p ru ce S treet g ra d in g b o n d s . M a tu r ity $312 y e a r ly o n O c t . 1
fro m 1908 t o 1912 in c lu is v e .

The above bonds are dated July 29 1907. Interest semi­
annually at the office of the City Treasurer. Bids m ust be
made for each block of bonds separately and must be accom ­
panied b y a certified check on a national bank for 2 % of
each block bid for, made payable to the City Auditor.

N E W LOANS
§ 35,000

N E W LOANS.
§ 250,000

PENSACOLA, FLORIDA, Borough of Rochester, Pa., Montgomery, County, Alabama,
43^% Improvement Bonds.

4M 6 BONDS

PUBLIC ROAD BONDS

S ea led b id s w ill b e r e c e iv e d b y t h e B o a r d o f
B o n d T r u ste e s o f th e C it y o f P e n s a co la , F lo r id a ,
u n til J U L Y 9 T H , 190 7, a t 12 o ’ c lo c k n o o n , fo r
th e p u r c h a s e o f all o r a n y p a r t o f $ 4 5 0 ,0 0 0 4 )^ %
I m p r o v e m e n t B o n d s o f th e C ity o f P e n s a c o la ,
F lo r id a . T h e le g a lity o f th e b o n d s w ill be a p ­
p r o v e d b y M essrs. D illo n & H u b b a r d o f N ew
Y ork.
F u rth e r p a r ticu la r s w ith re fe re n ce t o said
b o n d s a n d b la n k fo rm s fo r b id s c a n b e h ad o n
a p p lic a t io n t o th e u n d e rsig n e d o r t o th e U n ite d
S ta tes M o r tg a g e & T r u s t C o m p a n y , N e w Y o r k .
L . H IL T O N G R E E N ,
C h airm an B o a r d o f B o n d T ru s te e s ,
P e n s a c o la . F lo r id a .

T h e B o ro u g h o f R o c h e s te r , in th e C o u n t y o j
B e a v e r a n d S ta te o f P e n n s y lv a n ia , w ill re ce iv e
b id s u n til J U L Y 1 S T , 1907, A T 7:30 P . M .,
fo r th e sale o f $35 ,000 00 o f b o n d s t o be Issued
b y th e B o ro u g h a fo r e s a id , In d e n o m in a tio n s o f
$1,000 00 e a c h . Interest a t fo u r a n d o n e -h a lf p er
c e n t ( 4 1 4 % ), p a y a b le s e m i-a n n u a lly o n th e first
d a y s o f J a n u a ry a n d J u ly o f e a c h y e a r , a n d free
fr o m t a x . A ssessed v a lu a tio n o f said b o r o u g h
Is $ 2 ,8 9 8 ,6 3 6 0 0 . T h e t o t a l in d e b te d n e s s , in ­
c lu d in g th e $35 ,000 0 0 , Is $70 ,100 0 0 .
E v ery
b id m u st b e a c c o m p a n ie d b y a c e rtifie d c h e c k ,
p a y a b le t o th e S e c r e ta r y o f th e T o w n C o u n cil o f
th e B o r o u g h o f R o c h e s t e r , f o r $100 0 0 .
B onds
p a y a b le a ft e r J u ly 1st, 1923.
F o r a n y fu r th e r I n fo rm a tio n ad d ress Jam es
W . D o n c a s te r , S e c r e ta r y , R o c h e s t e r , P a .
• • •

N o tic e is h e r e b y g iv e n th a t th e B o a rd o f R e v e ­
n u e o f M o n tg o m e r y C o u n ty , A la b a m a , w ill r e c e iv e
sealed b id s u n til 12 o c lo c k n o o n o n M O N D A Y
t h e F I R S T O F J U L Y 1907 fo r all o r a n y p o r tio n
o f an Issue o f t w o h u n d re d a n d fift y th o u sa n d
d o lla rs ($ 2 5 0 ,0 0 0 ) o f P u b lic R o a d B o n d s o f th e
C o u n ty o f M o n t g o m e r y , said b o n d s b e in g o f th e
d e n o m in a tio n o f fiv e h u n d re d d o lla rs e a ch a n d
b e in g d a te d th e first d a y o f J u ly 1907 a n d p a y ­
a b le o n th e first d a y o f J u ly 195 7, an d b e a rin g
In terest fro m th e d a t e o f th e said b o n d s a t th e
ra te o f fo u r a n d a h a lf p e r c e n t p e r a n n u m .
In terest p a y a b le s e m i-a n n u a lly , p rin c ip a l a n d
in te re st p a y a b le in th e C ity o f N e w Y o r k a t th e
fiscal a g e n c y o r a t th e o ffic e o f th e C o u n ty T r e a s ­
urer.
E a ch b id m u s t b e a c c o m p a n ie d b y a
c e r tflle d c h e c k fo r o n e p e r c e n t o f th e a m o u n t o f
th e said b id , said c h e c k p a y a b le t o th e o r d e r o f
S . T . W e s t c o t t , C lerk o f th e B o a rd o f R e v e n u e .
T h e c h e c k s o f u n su cce ssfu l b id d e r s w ill b e r e ­
tu r n e d t o th e m w h e n th e b id s are o p e n e d an d
d e c id e d u p o n a n d th e c h e c k o f th e su ccessfu l
b id d e r t o b e r e ta in e d t o se cu re fa ith fu l p e r f o r m ­
a n c e o f th e b id . T h e rig h t is r e se rv e d t o r e je c t
a n y a n d all b id s .
S. T . W E S TC O TT ,
C lerk o f B o a r d o f R e v e n u e o f M o n tg o m e r y .C o u n t y

Perry, Coffin & Burr,

W IL L IA M A . M cC O N N E L , A t t y .,
B eaver, P a.

IN V E ST M E N T BONDS. July Investment Bonds
60 State Street,

Our ten-page July circular describing
nearly fifty issues of

BOSTON.

Long=Term Municipal, Railroad and
Corporation Bonds
Yielding 3 .8 0 % to 6 %

R.

L.

E. H. ROLLINS & SONS

HAND-BOOK

21 M ILK S T R E E T

B O STO N , MASS.

OF

Railroad Securities
( I s s u e d S e m i - A n n u a ll y b y t h e P u b li s h e r s o f t h e
C o m m e r c ia l & F in a n c ia l C h b o n ic lk .)

Blodget, Merritt & Co ,

&

CO.

BANKERS,

is now ready for distribution.

READY JULY 15.

DAY

35 Congress Street,

37 W all Street,

BOSTON.

NEW YORK.

New York City Bonds
E X E M P T FBOTI ST A T E , COUNTY
AND C IT Y T A X E S

BANKERS,

60 State Street, Boston
S V M A 88A C WTK.KKT, N E W Y O R K .

JULY, 1907, E D IT IO N .

STATE. CITT A R aJLKOAD

BONDS,

Albert Kleybolte & C o .,
409

T E R 1T8
T o B ankers and B ro k e rs , in q u a n t it ie s ,
w ith th eir c a r d s le tte re d in giit o n t h e
c o v e r , at s p e c ia l rates.

Price ol Steale Copi««,
To Subscriber* of the Chronicle,

#1 OO
73

Commercial & Financial Chronicle,
P i n e Street, c#r. P e a r i




N ew Y ork

M UNICIPAL AND RAILROAD

BONDS.
L IS T ON A P P L IC A T IO N .

SEASON GOOD

&MATER,

m e r c a n tile L ib r a r y B u ild in g :,
C IN C IN N A T I.

W a ln u t

S treet,

C I N C I N N A T I , O.

Municipal,
County, State,
a n d H ig h -G r a d e P u b lic
S e c u ritie s
C o rre sp o n d e n ce S olicited

S e r v ic e