The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
.
finattrml
yommema
rnnirb
INCLUDING
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
Entered aocording to Act of Congress. In the year 1906, by William B.
VOL.
and City Section (semi-AnnuaUy)
Street Railway Section ("^lla^")
State
Dana Company in
SATURDAY, JUNE
82.
%ht
©hrotticle.
30,
Clearings at
the
offloe of
Librarian of Congress, Washlni?ton, D.O
NO. 2140.
1906.
Week ending June
—
1906.
1905.
PUBLISHED WEEKLY.
—
Terms ol Subscription Payable in Adrance
For One )Cea,T
$10
For Six Months
6
Boropean subscription (including postage)
13
Boropean Subscription Six Months (including postage)
7
Annual Subscription in London (mcluding postage)
£2
Six Months Subscription in London (including postage)
£1
$
Boston
Providence
Hartford
00
00
OO
50
New Haven
148.
11 g.
—
IncJi
Two Months
Three Months
! Six
Cincinnati
Space
Transient matter per inch space (14 agate lines)
_
(8 times)
(13 times)
(26 times)
(52 times)
1.497,
-.
Total New Eng.
Chicago
|
Advertising— Per
Worcester
Portland
Fall River
Lowell
New Bedford
Holyoke
I
ol
142,860 720
6.864 .400
3.484 977
2,245 566
1.875 263
Springfield
Subscription includes following Sections
STATE AND CiTT (semi-annually)
BANK AND QDOTATION (montniy)
Bailwat and Indcstrial (quarterly) Steekt Kailway (3 times yearly)
Terms
$4 20
22 00
29 00
60 00
87 00
Months
Twelve Months
OHIGA&O OFFICE— P. Bartlett, 513 Monadnock Block; Tel. Harrison 4012
LONDON OFFICE— Edwards <fe Smith, 1 Drapers' Gardens, E. C.
WlL.LIA.vi B.
COMPANV, Publishers,
Pine Street, Corner o( Pearl Street,
FoBt Office Box 058.
YORK.
DANA
NEW
Cleveland
Detroit
Milwaukee
Indianapolis
Toledo
Peoria
Grand Rapids
Dayton
Evansville
Fort Wayne
SprinKfleld,
III . .
Kalamazoo
Younsstown
Lexington
Canton
Rockford
Springfield,
CLEARING HOUSE RETURNS.
Ohio
Bloomington
.South
The following table, made up by 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
$2,792,121,197, against $2,706,346,500 last week and
$2,721,276,550 the corresponding week last year.
,
Bend
Quincy
Mansfield
Decatur
Jacksonville,
III.
Jackson
AnnArbor
Tot.Mid.West.
San Francisco
Los Angeles
— Returns by Telegraph.
M- eek
190G.
New York
1905.
Portland
Cent.
+6.7
$1,347,024,668
102,822,781
113,268,740
19.166,106
154.836,420
43,696.917
14.364,663
$1,922,047,611
340,098,974
$1,795,180,295
316,428.783
$2,262,146,585
529,974,612
$2,112,609,078
608,667,472
—12.9
$2,792,121,197
$2,721,276,550
+ 2.6
Philadelphia
-.
.
Lake City
Spokane
Salt
.436,828,075
112.045,812
127,453,422
21.820.114
169,552,040
42.632,215
11,715.933
Boston
Baltimore
Chicago
St Louis
New Orleans
Seattle
Per
ending June 30
+ 9.0
+ 12.5
+ 13.3
+ 9.5
—2.4
—18.4
.
Tacoma
Helena
Fargo
Sioux Falls
Oakland
Total Pacific.
Kansas City
Seven cities, 5 days
Other cities, 5 days
Total
all cities,
1 day
5 days
all cities
tor
All cities,
Total
week
+ 7.1 Minneapolis
+ 7.5 Omaha
St. Paul
+ 7.1 Denver
St. Joseph
Des Moines
Sioux City-
Topeka
Wichita
the week covered by the above will be
given next Saturday. We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, June 23, and the results for the corresponding
week in 1905, 1904 and 1903 are also given. Contrasted
with the week of 1905 the total for the whole country shows
a gain of 18.2%. Outside of New York the increase over
The
1905
full details for
is
9.4%.
Clearings at
Cedar Rapids
Pueblo
_
Fremont
Lincoln
Tot. oth. West.
St. Louis
New Orleans
LouLsville
Houston
Galveston
Richmond
Memphis
Savannah
Atlanta
Nashville
Norfolk
Fort Worth
Birmingham
Augusta
—
Little
Inc. or
1906.
1905.
$
%
1.706,633,748 1,375,680,387
Philadelphia
1149.962. 783
125,487,114
Pittsburgh
52,721,322
49,386,122
Baltimore
26,784,399
20,740,526
7 013 138
Buflalo
6.031.997
Washington
5',499;i88
5,194,868
4 058 064
Albany
5 558 507
Rochester
3;447;510
3;292;685
Seranton
1.886.289
1,736,782
Syracu.se
1.606,103
1,382.563
Reading
1,244.346
1,145,645
Wilmington
1.319.778
972,402
Wllkes-Barre ...
1.068.405
1,010,126
Wheeling
966.297
725,960
Erie
630.235
445,6.52
Chester
534,657
483.243
BIngbamton
524.900
481.400
Greensburg
533.121
645.245
Franklin
275,000
213,016
New York
1-
Davenport
Colorado Springs
Knoxville
Charleston
Jacksonville
Week ending June 23
Total Middle.. 1.968,209,626 1,599,113,797
Dec.
%
+ 24,1
+ 19.5
+ 6.8
+ 29.1
+ 16 3
+ 5.9
+ 37
+ 4.7
+ 8.6
+ 16.2
+ 8.6
+35.7
+ 5.8
+ 33.1
+41.4
+ 10.6
+ 9.0
—17.4
+ 29.1
+ 23.1
1904.
Rock
Mobile
Chattanooga
1903.
S
$
1,055,904,294 1.131.255.101
1.30.720,774
103,818,238
51,187,517
40,902,520
20,579.187
20,955,766
5 986 679
060 139
3;61 1^324
3!670;351
3 146 842
4 197 578
2;229;554
2,540,006
1.714,696
1,837,451
1.139,182
1,240.789
1.158.872
l,132.0fil
928,431
949.1 11
1.015,261
642, :{1
651,719
442, K21
425.999
610,997
483,541
376,500
418,500
4.86,970
380,758
197.976
206,204
1
1,246.722.957 1,3.''>6,483,102
Macon
CoUimbus, Ga
Total Southern
Total
all
Outside
416
1,691 914
781 549
422, 247
593 438
513 221
162,830 711
205,128, 058
24,789, 650
16,252, 063
12,932 274
9,144 .646
485
500
507
359
2,170, 819
1.773, 803
1,522 063
944 624
683, 396
949, 578
666 165
477 ,841
525, 700
580, 262
550 080
389 ,166
335 .781
472 049
278 176
319 603
289 304
239 213
225 000
115 527
6,623
4,683
4.175
2,088
Columbus
Akron
Clearings
23.
Inc. or
N.Y..
147,577,814
6,618,200
2,468.126
1.939.025
1,480.011
1.417,204
1,510,405
773,653
390,296
617,041
397,814
165.189,589
186,929,511
23,185,350
13,813,194
10,975,685
7,486,628
6,133,594
4,110,000
4.031,271
2,416,288
1,887.375
1,656.638
1.243.330
933,002
787,581
721,460
522,969
594,246
423,152
495.300
583,499
391,274
384,220
370,68'
.-
Winnipeg
Ottawa
Il.'ilifax
(Jui'hcc
MMcouver
Hamilton
\
St.
..
London
Victoria
Calgary
Total
Canada
.
+3.7
+ 41.2
+ 15.8
+ 26.7
+ 5.7
+ 12.0
+ 1.0
+ 8.2
—3.8
+ 29.0
—1.4
+ 9.7
+6.9
+ 17.7
+ 17.8
+ 22.1
+8.0
+ 14.0
+ 3.6
—13.6
+ 15.0
+ 7.1
+ 22.4
+ 12.5
—13.2
+ 31.6
+ 27.4
—19.6
+ 24.4
+ 17.2
—5.7
—0.5
—12.6
+ 27.3
1904.
1903.
122.827,102
6,001,100
2,083,724
1,904,522
1,270,469
1,205,734
1,443,689
566,651
436,914
322.247
499,297
138,561,449
149,839,696
27,374,800
12,042,017
10,119,475
6,445.954
5,839,340
4,015,100
3,400.709
1,884.223
1.834,336
1,473,398
1,078,853
112,563,291
6.028,300
2,391.664
1.648,788
1,406,469
1,539.507
1.307,682
733,309
427,378
594,999
444.195
129,085,550
168,140,296
23,342,950
19,075,250
9,676,939
7,791,736
6,353,538
4,599.700
3,076,318
2,510,645
1,780,734
1,598,220
980,725
734,171
658,672
527.302
468,331
529,781
569,850
492,418
351,713
302,737
619,711
635,082
723,759
485,523
496,940
765,000
547,297
383,775
344,259
281,368
201,326
239,546
197,050
189,915
82.232
231,174,313
25,600,416
6,111,435
4,726,299
3,087,797
2,089,239
2,095,254
199,778
278.263
196.341
176,341
78.528
255,208,214
22.195,181
4.990,327
2,438,122
2,741,662
•
•
•
,)
723,210
297,945
148.466
105,468.094
.827,893,624
99,865.62T
,944,234.033
+
1,873,1.36
424.066
494,658
236,682
47,458.982
18,380.313
11,580,771
6,504,219
6.911,796
4,150,307
4,188,894
2,171,285
1,162,672
827.986
1,090,190
667.188
401.846
332,793
35b',480
3,028,2.80
1.874,604
1,752.702
529,131
356,602
190.241
^1,091,312
18,324,019
12,768.547
7,702,293
6,188,383
4,526.131
6,490,018
1,083,262
1,335,934
1,246,040
725,846
832,569
425,749
137,659
169.940
58,607,919
48, 764..586
13,644,172
10,338,632
4.759,801
3,362,000
4,070,323
3,811,409
62,500,234
44,975,708
14,464,300
9,503,075
6,300,000
2,621,500
3,894.208
2.791.669
2.722.774
1,876.969
1,995,452
1,625,521
1.304,174
1.190.602
557.786
1.047.436
835,708
333,861
710.804
2,8.88,146
2,185,629
2,103,950
1,483,584
1,105,407
1,010,505
1,046.395
1.260.624
990,207
752,178
716.935
664.984
483.000
999,712.762
913,957,047
+ 9.4
771.989.330
812.978.934
29.999.092
22,642,073
8,770,787
2,554,878
1.660.116
1,920.103
23,644,502
19,017,002
+ 26.9
+ 19.1
+ 45.1
+ 7.4
+ 4.0
+ 15.0
+ 34.7
+ 18.8
+ 4.4
+ 20.1
+ 7.9
19.691.850
16.165.039
6.127.616
24.060,836
14,686,466
4,642,912
1,869.714
1.800.794
1.549.009
1,,3.85, 752
1,016,690
982.409
6,046, .552
2,378,9.33
1.597,597
1,165,436
1.670,747
1.877.308
1,206,119
1,114,759
1,0.32.469
8.59,663
2. 529, .322
1,432,8,32
John
%
—3.2
309.305 —10.1
—9.4
352,797
358,190 —19.2
226,761
+ 5.5
218,252
+3.1
98.804 + 16.9
299.325, ,692
271.640,363 + 10.2
30,545, 176
—1.5
30,999,862
10,009, 958
8.818,399 + 13.5
8,621, 082
5,885,164 + 46.5
4,713, 592
—7.0
5,081,733
5,341, 339
4,266,602 + 25.2
3.630 000
2,814.906 + 28.9
3,629, 013
3,042,160 + 19.3
650, ,982
841,576 —22.6
438, ,869
566,629 —22.6
347, ,695
251 981 + 38.0
3,415 864 Not included in total
67.928 306j
62,569,012
+8.6
21,203 4001
20,487,281
+3.5
16,342 143
12,719.922 + 28.5
10.032
8.574,508 + 17.0
8,173
5,784,542 + 41.3
—1.0
6,155
6,216.492
5,589
4.517.159 + 23.7
2,542
—3.4
2,643.063
1,897
1,634,802 + 16.1
930
649,217 + 43.3
1,143
1,125,709
+ 1.6
834
652,572 + 27.8
603
460,195 + 31.2
458
455,488
+0.6
514
413,616 + 24.3
264
240,203 + 10.2
1,403 908 Not included in total
76,686 ,068
66,574.769
15.2
—1.2
54,429 ,829
55,098,442
16.715, 424
16,741.734 —0.02
12.482, ,225
9,976,346 + 25.1
7,720 ,580
6.178,215 + 25.0
4,544,500 + 18.8
5.400, ,000
4,889,862 + 12.0
5.474 ,989
3.402 ,991
4,179,767 —18.6
4,012,140 —24.2
3,042, 915
2,727,192 +38.9
3,788, ,105
2,413,794 + 28.1
3,091, 497
1,721,891 + 26.4
2,176, 594
2,533, ,812
2,063,584 + 22.8
1.858, 801
1,514,160 + 22.7
1,325 000
1,831,843 —27.7
1,211,163 + 12.2
1.359, 444
—7.4
981, 726
1,060,139
1,026.843 + 19.1
1,223, 341
—4.4
986,423
942, 862
1,118,959 + 28.8
1,440, 896
606.509 + 116.8
1.314, 721
—7.0
•417, 024
448.283
198,115 + 22.8
243, 3^1
124.549.904
131,366, 097
+ 5.6
.706,346, 500 ,289,637.434 + 18,2
CanadaMontreal
Toronto
Dec.
641.126
694,144
715.162 Not Inchided In total
74,348,234
60,007.326! +23.9
2.2.54.784
1.538.957
1,4,58,326
1,725,929
1,068.483
947,774
852,441
634.763
50.356.952
7.30,571
516.212
63.240.446
THE CHRONICLE.
14G4
STREET RAILWAY SECTION.
A new number
revised to date,
The
our "Street Railway" section,
of
sent to our subscribers to-day.
is
discussions
editorial
in
the same embrace the
"Street Railway Statistics," "Pleason Street Railways," "The Record of
Alternating Current to Date."
following topics:
ure Traffic
[Vol. Lxxxii.
Government; (2) by the king of yellow journalism;
(3) by the twice-defeated apostle of a silver-standard
currency. These three would seem to have formed a
triple alliance.
On their banner is inscribed every
economic error afloat in any land. Each stands for
the whole thing, the most conservative among them,
as generally acknowledged at the moment, being
Mr. Bryan, the old standard bearer for free-silver
coinage.
THE FINANCIAL SITUATION.
same influences that attended financial
prices last Aveek have been in eviand
security
affairs
dence the current week. As a consequence the course
of the Stock Exchange market has been downward,
Precisely the
As to foreign exchange, the activity in the market
week seemed to indicate that there was more or
less speculative selling, presumably with the object
of maintaining a low range of rates which would be
this
with the liquidating tendency increasingly positive, favorable to the resumption of gold imports. When
It has the fall in sight sterling to 4 8485@4 8490 was reprices fluctuating, however, day by day.
seemed as if our legislators at Washington, as the mo- corded on Tuesday, it was reported that tentative in-
ment
were becoming more quiries were being made in London having for their
for separation approached,
instead of less confused as to the wisdom of the laws object the procurement of gold for import to New
they have been constructing, and which must be dis- York. As the result of such inquiries, it appeared
posed of before adjournment is possible. The winding- that the London market was not well supplied with the
up process appears to show as much friction as at metal. Indeed, the advance in the market price of
any stage the enactments have had to pass through. bars on Monday to 77s. 9J^d. per ounce which was
Agreement on all but one or two bills has been finally in response to the maintenance of the rate of 25f. 16c.
—
reached, the two Houses being forced into a pro forma
accord as to the
most
of
them and not by any means
reaching a cordial or hearty acceptance.
The trouble about the matter
is
for
exchange at Paris on London, indicating the possiwithdrawals of the metal by French bankers
bility of
reflected a scarcity, or at least a disposition to check
that the statutes a
movement from London.
At the same time, although
was regarded as likely
override the natural rights that, should exchange at New York on the British
part imaginary; they
of individuals as long understood; they taboo econ- capital further decline there might be imports of gold
omic truths heretofore accepted by the great body as an exchange operation, there appeared to be imporclassifying as crimes the
viola- tant obstacles which could be interposed tending to
of the people,
provision
punishable
tion of any
by imprison- make the movement unprofitable. The device of count-
as constructed were intended to meet evils in chief
Others of these measures take possession of ing the metal while in transit as part of the reserve of a
ment.
some
it
of our largest industries (as, for instance, the
national
bank
—which
was resorted
to
last
March
management from and in April, until the Secretary of the Treasury interwho vened to facilitate gold imports through advances of
are made regulators of the companies' business (al- Government money to the importing bank could not
be employed, it being prohibited by the Comptroller
though having no property interest in the concerns)
Again, interest rates in our market
transfers made with the express purpose of reducing of the Currency.
law), transfer their
railroad-rate
the
officials elected
by the owners
to commissioners
—
the net revenue of these organizations, notwithstand-
them has furnished up
ing stock in
to this time the
chief instruments for the investment of
The point
the public
however,
about to face a
period during which these high-handed laws are to be
put into operation. Washington telegrams tell us
savings.
is
that
country just
the
in a careless
earlier will
it
chief
now
concern,
is
glib
way
that the larger the industry the
be to
feel
the full force of the prosecution,
,
the more conspicuous
and
and
greatest
of
officials
diligence.
among them and
the highest
on call, though at the moment easy, were likely to
become firmer, thus increasing the time-cost of an
importation effected this week before the metal arrived; and it seemed clear that an effort to bring gold
out from London at this time, when there was no apparent need for importations, would have the effect
of further advancing the price of the metal in the London bullion market. Moreover, there existed a large
unliquidated indebtedness by our bankers to those of
London in the form of finance bills which should be
being pursued with special rigor settled instead of increasing
Indeed,
if
it
through imports of gold
Still, as next week
the Washington telegrams for the mere profit of the operation.
there would be an arrival at London of about $3,000,000 gold from South Africa it was thought possible
represent and stockholders are to be alike handled that some of this metal might be procured if exchange
conditions were favorable, and if obstacles to its shipwith not a little virulence.
Strange to say, amid it all we appear to have no ment hither in the form of a premium on the metal
Here and there, to be sure, one were no greater than those now existing. On Friday a
conservative party.
and another leading individual speaks out in clear London cable announced the sale b}'' the Bank of Engtones the old-time truths. There is, though, no land of £102,000 for shipment to New York; this gold
grand general protest from any organized body of is reported to have been bought for the account of the
of the leading daily papers represent correctly the pro-
ceedings to be taken,
officials,
the companies they
—
differences between party Hanover National Bank.
no longer exist they having been absorbed
in the rivalry between political advocates of every
In view of the action of so many State legislaturesstripe to espouse the most radical view.
One spirit or State railroad commissions in reducing railroad
rules all.
It is dominated (1) by the head of the rates, either freight or passengers, or both combined,.
men.
policies
Even the ordinary
—
June
move made
a
THE CHRONICLE.
30 1906.1
this
week
Texas Commis- uses
to enjoin the
sion from carrying into effect one
of
their rate-re-
of the
one who
1465
is
taxed.
Suppose that when the
revenues are due to the City of New York amounting
to about $200,000,000, our city officials should decide
that it was not wise to trust the banks and should place
,
ducing orders will attract a great deal of attention.
On May 30 the Texas Commission issued one of its
numerous orders, this one known as "Circular No. 4," this immense sum of money in a big safe and slam the
promulgating a new schedule of passenger rates on door, what would happen? Mr. Curtis well says that
the Houston & Texas Central RR., and requiring a the situation of the U. S. Government is no different
reduction in the rate per passenger per mile from 3 in that regard from any of the State or municipal
cents to 2j/2 cents.
The reduction was to have gone governments, and there seems no valid reason why a
but the company went before the different course of action should be pursued with reCircuit Court of the United States for the Western spect to its collections.
The evils growing out of the present system are also
District of Texas and secured a restraining order from
Judge Andrew P. McCormick. In its petition to the plainly pictured. In periods of stringency in the
Court the company contends that the deprivation of money market, the Secretary of the Treasury usually
into effect on July
1
revenue resulting from the lowering of rates would be takes a train, not to Boston or to Chicago, but to New
tantamount to confiscation, and hence that the action York, on a visit to Wall Street. Mr. Curtis describes
of the Commission is in violation of the provisions what happens in the following words: "There he has
an interview with certain leaders of finance, usually the
of the Federal as well as of the State Constitution.
The point was also made that one of the Commis- same gentlemen he saw on his previous visit; but to
was disqualified from sitting in the case be- the credit of our present Secretary it may be said
cause he had prejudged it, as shown by public ex- that, when the necessity occurs, he is prompt to [take
pressions wherein he promised to reduce the passenger some action which, as a rule, always helps the situaIt was urged tion.
But will we always have a Secretary who has
rates on the Houston & Texas Central.
sioners
that such public expression from a commissioner
who
the courage of his convictions?
And
then again,
is it
was also a candidate for the office of Governor amount- not a dangerous power to place in the hands of any one
ed to an agreement to reduce the rate. On these alle- man? These periodical visits to Wall Street have an
gations Judge McCormick granted the prayer of the effect on some sections of the country like the waving
petition.
The temporary restraining order will hold of a red flag before a bull, and the old cry of 'Wall
permanent writ of injunc- Street influence' is heard again."
The hearing has been set down for July 16 and
These thoughts are in line with those often urged by
What is
the case is to come before Judge Maxey or some other us and they merit careful consideration.
Judge of the Western District of Texas. The restrain- Mr. Curtis's plan for securing action to bring about a
ing order applies only to the proposed cut in passenger change? He makes the suggestion, which it appears
rates, but the complainant asks that all of the Com- to us is a good one, that the various bankers' associamission's rates, both freight and passenger (the Com- tions throughout the country take the matter up, each
mission has reduced freight tariffs as well as passenger) association selecting one of its members to meet other
shall be permanently enjoined upon a final hearing. carefully chosen bankers representing each one of the
The practice in this case is said to be different from forty-two State bankers' associations at a meeting to
good
until the hearing for a
tion.
that observed on former occasions.
cases,
all of
a
In the previous be held at St. Louis a few days previous to the annual
of 1899, convention of the American Bankers' Association next
and particularly the injunction case
the Commission's rates were set aside pending October.
final hearing.
Whatever
this collective
In this case none of the present rates ity of the same should agree upon,
are set aside but only the proposed passenger rate
is
body or a major-
it is
urged, could be
laid hefore the national association for
endorsement.
in abeyance pending a determination of the With such an endorsement it would be possible to go
matter by the courts. It is stated in the Texas papers before Congress with a demand representing the
that all the leading Texas roads will join in the appli- bankers of the whole United States, and which could
cation asking perpetual injunction of the Commission's not be charged as having emanated from any one secThis advice of Mr. Curtis should be heeded.
tion.
rates but not effective until final trial.
It will not be long before the monetary problem, owing
We hope the banking community will act in accord- to the autumnal demand to move the crops, will again
ance with the suggestion made by Alfred H. Curtis be a pressing one, and, furthermore, additional time-
held
of the National
in
his
Bank
address last
North America of this city, liness is given to the idea by the announcement yesweek before the Massachusetts terday afternoon that the Secretary of the Treasury
Bankers' Association.
are
all
of
Mr. Curtis
tb(?ugbtful citizens, over the
is
concerned, as has just issued a formal circular calling for the repayto business ment of $10,000,000 of Government deposits now held
harm
—
from the continued hoarding of cash by the national banks payment to be made on
States Treasury
by the Un
the constant absorp- various dates from July 10 to July 20.
tion by the National Government of money that ought
to be allowed to remain in the channels of circulation,
The labor troubles and strikes in the soft-coal regions,
available for the needs of industrial interests.
He which have been so disturbing, promise soon to be a
makes a pertinent statement when he says that every thing of the past. We noted a week ago the great
form of tax due from the people to the various States progress that had been made in effecting adjustments
in our Union, from all the great cities, with their mil- with the miners in the different sections of the country
lions of inhabitants, from every county, town or vilone State after another falling into line. We relage, on being paid to the collector is immediately rc- ferred to the fact that in those three great coal-j-)rodeposited in some financial institution, and finds its ducing States, Ohio, Indiana and Illinois, the men had
way back into the channels of trade for the business already returned to work, and that in the Southwest
interests
tig
—
—
146G
THE CHRONICLE.
[Vol. lxxxii.
TREASURY DEPARTMENT.
had been a pretty general resumption of
Washington, June 23 1900.
PrcaidenI: — Inclosed
mining. We stated, however, that in Michigan the
a copj' of Section 5200, Ktvised Statutes of the
United States, as amended by the .\ct of Congress approved June 22,
deadlock still continued. It so happened that on the 1906, relative to the limit of loans that may be made to any person, coraIianv, corporation or firm by a national banking association.
afternoon of the same day with the issue of our paper
Under the terms of this amendment, a bank may now loan to anv
person, comjjany, firm or corjjoration an amount equal to one-tenth
an agreement was reached in that State also. The I)art of its imiinpaired cai)ital, plus one-tenth part of its unimpaired surplu.s, but in no case shall the total of such liabilities exceed tliirty per cent
basis of settlement in Michigan was the same as in the of the capital stock of the association.
If a bank has an unimpaired surplus of less than its capital stock, it
other States, namely the granting of the wage scale may make a loan equal to ten per cent of its capital and ten per cent ot
surplus.
the miners, however, making concessions on
of 1903
If it has unimpaired surplus equal to its capital stock, a loan equal to
twenty per cent of capital may be made.
other points. The only section now where trouble
If it has surplus in excess of its capital stock, a loan equal to ten per
cent of capital and ten per cent of surplus, whatever it may
between the miners and operators still exists is, we be- made, not exceeding, however, thirty per cent of capital. be, may be
In fixing the limit of habilities for borrowed money under the law as
lieve, Western Pennsylvania.
Here, too, however, amended, it will be necessary to deduct from surplus fund all losses in
also there
i.s
—
the difficulties are in course of adjustment.
As a
excess of net undivided i)rofits on hand to ascertain the amount of unimpaired surplus available in determining the limit of loans.
The officers and directors of banks are admonished that all excessive
loans must be collected or reduced to the limit at the earliest possible
date, and that it will be the ijolicy of this office to enforce the law by requiring every hank, without exception, to keep its loans and discounts
within the statutory hmit. Respectfully,
fact, some of the strikes have already been
For instance, the miners along the lines of
the Buffalo & Susquehanna Railroad returned to work
WM. B. RIDGELY,
ComntroUer.
on Monday of this week. The men in the Beech Creek
There was no change in official rates of discount by
region and at the mines of the Buffalo Rochester &
any of the European banks this week; compared with
Pittsburgh Railroad are still holding out, but a settlement is looked for at almost any moment. Probably last week, unofficial, or open market, rates were steady
at London, }^ of 1% lower at Paris and 3^ of 1%
soon after the first of July the men still on strike will
higher at Berlin and Frankfort. The pohtical situavote against further prolongation of the period of
tion in Russia does not indicate any improvement so
idleness.
matter of
settled.
far as this condition
is
reflected
by the depression
in
Russian securities in the Continental markets.
Quite a flutter in bank circles has been created this
The statement of the New York Associated Banks
week by the issue of a circular directed to the National
banks by the Comptroller of the Currency at Wash- last week was favorable in that it showed the exington.
The circular deals with the new law just pected gain in cash, this item being increased by $4,162,100.
The required reserve was augmented by
enacted by Congress regulating the loans of national
as
the result of a gain of $1,290,200 in debanks. This measure became a law on Friday last $322,550,
with the approval of the President. The nature of posits, and the surplus reserve increased $3,839,550
to $10,912,925; loans decreased $2,318,000.
The
the change is familiar to our readers. We give the
bank
statement
of this week should reflect, among
text of the law in our column devoted to bank items,
and all that need be said here is that whereas previously other items, the receipt of $1,100,000 from San Francisco through Treasury transfer.
It is announced
the banks could make loans only to the extent of 10%
that as soon as arrangements can be made the Secreof their capital, now they can loan to the amount of
10% of capital and surplus combined. There is an tary of the Treasury will deposit $10,000,000 public
important proviso, however, which very materially funds in the San Francisco national banks, accepting
as security therefor $12,000,000 of State and municipal
restricts the operation of the law as a relief measure.
bonds. The $10,000,000 above noted will be reFor it is provided that though the banks may loan to
called by July 10 from the special depositories in New
the extent of 10% of capital and surplus combined,
and other cities where it was placed in March
York
this 10% must not in any event exceed 30% of the
in order to relieve the tense situation which was then
capital alone.
Take the case of the Chemical Bank
which, with a capital of only $300,000, has a surplus created through operations between the banks and
fund of $7,200,000. If there were no limit to the the Treasury incident to the retirement of old circu10% requirement, this bank could make loans up to lation by banks which had extended their charters;
recall of this money it will be transferred to
$750,000. With, however, the further qualification upon the
10% of surplus and capital combined must not San Francisco.
The market
30% of the capital alone, this institution under
that the
exceed
the
new law cannot make a loan
in excess of $90,000
amount.
Of course under the old law the limit was
still smaller; but the fact is the condition was such an
impossible one in these days of large operations that
by general consent the requirement of the law in that
respect was disregarded.
Now, however, the banks
are notified that the law as amended is to be enforced
Here is what the Comptroller of the Currency says
on this point: "The officers and directors of banks
are admonished that all excessive loans must be colin
lected or reduced to the limit at the earliest possible
paratively
of
easy
for
day-to-day money was comweek, reflecting loans
this
early
funds which had been
the financial
institutions
temporarily placed with
preparatory to their dis-
bursement, beginning with next week, on account of
On Thursday and on Friday
interest and dividends.
was a slight flurry in the market, as the result
some calling of loans, but this was regarded as a natural incident of the situation. The time-loan branch of
the market indicated some urgency in the inquiry for
money, especially for the longer periods of maturity;
and one feature was discrimination by lenders against
there
of
Money on call,
it will be the policy of this office to encertain classes of industrial collateral.
by requiring every bank, without ex- representing bankers' balances, loaned at the Stock
ception, to keep its loans and discounts within the Exchange during the
week at 6% and at 2%;
statutory limits." It is obvious that if this deteraveraging about 33^%; banks and trust companies
mination is rigidly adhered to, some very important loaned at 3% as the minimum. On Monday loans
changes will be necessary in bank circles. We give were at 3% and at 2%, with the bulk of the business
herewith the text of Comptroller Ridgely's circular at 2%%. On Tuesday transactions were at 3^%
in full:
and at 2%%, with the majority at 3%. On Wednesdate,
and that
force the law
June 30
THE CHRONICLE.
190G.
day loans were at S}4% and at 3%, with the bulk of
the business at S}4%- On Thursday transactions
were at 43^^% and at 23^%, with the majority at
3%%- On Friday loans were at 6% and at 4^%,
with the bulk of the business at 534%. As above
noted, time loans were in somewhat urgent demand.
Rates on good mixed Stock Exchange collateral were
43^@5%
5% for four to five,
53^@5%% for seven months.
for sixty to ninety days,
534@53/^% for six and
Commercial paper was
with the demand chiefly
Rates were 5@53^% for
sixty to ninety-day endorsed bills receivable, 5@53^%
for prime and 53^@6% for good four to six months'
dull,
confined to the interior.
The Bank of England rate of discount remains unchanged at S}/2%- The cable reports discounts of
sixty to ninety-day
bank
it
is
3J^@4%.
cable from London, the
London 33^%. The
2^% and at Berlin and
bills in
open market rate at Paris
Frankfort
is
According to our special
of England gained £394,-
Bank
350 bullion during the week and held £37,567,502 at
the close of the week.
Our correspondent further advises us that the gain was due in the main to purchases
of gold in the open market, although imports from
Australia were of fair volume, the details of the move-
and out of the Bank being as follows: Imports, £578,000 (of which £228,000 from Australia
and £350,000 bought in the open market); exports,
£73,000 (wholly to South America), and shipments of
£111,000 net to the interior of Great Britain.
ment
was the
into
would next week
be an arrival of about that amount of gold in London
from South Africa. On Friday it was announced from
London that $510,000 gold bars had been bought from
the Bank of England for shipment to New York; rates
exchange then were low enough to afford a profit
on the importation.
Nominal quotations for sterling exchange are 4 823^
@4 83 for sixty day and 4 853^ @4 86 for sight. The
market was dull and heavy on Saturday of last week
at a decline, compared with rates on the previous day,
of 5 points all around
long to 4 8225 @4 8235, short
to 4 8505@4 8510 and cables to 4 8535@4 8545. On
Monday there was a fall of 10 points in long to 4 8220
4 8225, of 10 points in short to 4 8495 @4 85 and of
10 points in cables to 4 8530 @4 8535. On Tuesday
long and short were 10 points lower, the former to
4 8210@4 8220 and the latter to 4 8485 @4 8490;
cables were 5 points off at 4 8525@4 8530.
On
Wednesday long fell 5 points to 4 8210@4 8215, short
10 points to 4 8475@4 8485 and cables 10 points to
4 8515@4 8525. On Thursday long declined 10 points
to 4 82@4 8210, short 10 points to 4 8465@4 8475
and cables 15 points to 4 85@4 8510. The market
was weak until toward the close, when there was a
partial rally; the tone was steady on Friday.
The following shows daily posted rates for sterling
exchange by some of the leading drawers:
for
—
Thurs.. Fri..
Fri..
Mon., T-ues.,
Wed..
June 22 June 25 June 26 June 27 June 28 June 29
Brown
(60 days 4 83
& Co
Sight..
60 days
Sight.
&Co
Bank British
60 days
Sight.
North America
Bank of
60 days
Sight..
Montreal
Canadian
60 days
Bank of Commerce. Sight..
Heidelbach, Ickel60 days
Sight..
heimer & Co
Lazard
60 days
Freres
Sight-.
Merchants' Bank
60 days
of Canada
t Sight.
Bros.
t
Barins
The
fact that there
@
names.
single
for the story
1467
foreign exchange
market has been active and
lower this week, partly because of speculative selling
and also for the reason that there was not, until
Wednesday, much demand for remittance, owing to
the fact that there was no fast mail steamer in the first
half of the week.
There seemed to be fairly liberal
83
86
83
86
83
86
4 86
4 83
4 86
4 83H
4 86H
4 83H
4 86
83
86
83
86
H
4 8354
4 86)4
4 83
4 86
4 83
4 86
4
4
83
86
83
86
83
86
83^
86H
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
83
86
H
82 J4
S6H
82)4
85)4
82
85)4
82)4
85M
83
83
86
83
86
83
86
82'A
S5y2
82)4
85)4
83
86
86
83
86
83
86
82)4
85)4
82^
85^
83
86
than finance bills, representing
The market closed on Friday at 4 8190@4 82 for
and franc loans, the negotiation of which was long, 4 8465@4 8475 for short and 4 85@4 8510 for
encouraged by the firm rates for time money for the cables. Commercial on banks 4 8160@4 8170 and
ninety day and six months periods. On Wednesday documents for payment 4 81 @4 82. Cotton for paythe declining tendency was temporarily checked by ment 4 81@4 813/8> cotton for acceptance 4 8160@
the absorption of offerings for the following day's mail, 4 8170 and grain for payment 4 81>g@4 82.
but when this requirement was satisfied rates again
The following gives the week's movement of money
fell off and the market was generally heavy for the remainder of the week. There were some indications to and from the interior by the New York banks:
Net Interio
Skipped by
Received by
of drawings of bills by representatives in this city of
Movement
N. Y.Banks. V y Banks
Week endingJJune 29 1906.
foreign fire insurance companies whose adjustments of Currency
$5,210,000 Gain $3,043,000
$8,253,000
198.000
''847.000
649,000 Gain
Gold
losses by the San Francisco disaster had been com$5,859,000jGain $3,241,000
$9,100,000
Total gold and legal tenders.
pleted, but there were very few of the long franc bills
With the Sub-Treasury operations the result is as
Avhich, as noted last week, were drawn against the early
installments of the Pennsylvania loan.
The decline in follows:
rates for sight exchange to points which seemed to
Net CImnge in
Into
Out of
offerings of drafts other
sterling
.
make
possible imports of gold under ordinary condi-
— or
without the elimination of the time-cost of
the operation, through the now prohibited device of
counting the metal as part of the reserve of the imtions
porting bank or through the procurement of advances
—
from the Treasury attracted much attention and
towards the close of the week bankers were of the opinion that should exchange further decline and if gold
could be obtained in London at a price not much above
the normal, it might be desirable to import gold for
the profit that would result therefrom. There was a
rumor on Thursday afternoon that $3,000,000 had
been engaged in London for import hither, but this
could not be confirmed; probably the only foundation
Week ending June 29 1906.
Banks' Interior movcm't as above..
Sub-Treas. oper. & gold imports...
Total gold and legal tenders.
The
Banks.
S5. 859.000 G.ain
23,100.000 Gain
$3,241,000
2,500,000
$34,700,000
$28,959,000 Gain
$5,741,000
amount
of bullion in the
European banks:
June 29 1905.
June 28 1906.
Bank
Bank Holdings.
Batiks.
$9,100,000
25,600,000
following indicates the
principal
.
.
o}
Oold.
Silver.
£
£
Total.
\
£
\
Oold.
Silver.
Total.
£
£
£
.( .39,048,782
,37,r>07,502i 39,048, T82i
England.. 37 ,567,502
1.
France
117 ,9r..s,7r)i 42,720„'>85'160.r..S<1.3:fr, 1 1,-,..!.5:!,S4S 44 4 >, 446 1.50,709,294
Germany.! 38 23U, ()()() r_',74(;,oo()i .')(),!i,Hr..o(iii 4o,7«'..i.ono i:i..5S.s,ono ,5 1,351, 000
<I01,00()|114,.'15:!.I)II0 10.->.fi(i7.00n
291.000111.958,000
Russia ...108 4.52.ono
SK.H.ODd 12.7S2.000 TiO IwO.OdO 17 \r,< 011(1 1:i, 129.000 60.587,000
Aus.-Hun.
i.Mta.oDo 22, .'(90.0011 37,223.000
Spain
,148,000 24.7<)0.00{) .iil.itHS.OIKt
I
Italy
Neth'lands
Nat.Bclg..
Sweden
..
,001,000
,522.700
,287,.333
,877,000
3.!)07,000
32.!t9.S.OI)n
5,844,100
1,643,667
11,366,800
4.931,000
3,877,000
22
.-^^'.i.oon
().793.500
3.224,6671
:i,r,.M,000
25.9,80,000
6.278.500
1.612.333
13.072,000
4,837,000
Total w'k. 405,951,280 110 424,3.52 516.375,638 395,470.797 111, 3,55.279 .500,826,076
Prcv.w"k.|397,360.358 110.101,721507.462,079 394,990,503,111,340,986 506,337,488
THE CHRONICLE.
1468
[Vol. Lxxxii.
APATHETIC INVESTMENT MARKETS AND
THE CAUSES.
Stock Exchange, under which confidence in values was
completely undermined,- destroying consequently, for
the time being, the market for new bond issues.
It
general complaint over the sluggish condi-
should be remembered also that in this former period
There
is
seems to be very
difficult to place new loans for large amounts, even
those of the best character.
Banking houses who
make it a practice to finance the requirements of the
railroads and other corporations, and who never fail
to gauge accurately the temper of the market, are for
the time being fighting shy altogether of long-term
obligations.
Hence, there is a return to the expedients used during the period of trade reaction and collapse in Stock Exchange values, in 1903 and 1904,
tion of the investment markets.
It
and accordingly short-term loans are again coming
into
there
was more or
less reaction in
general trade,
and
that the iron industry experienced one of the most
sudden, violent and complete collapses in its entire
history.
At the present time everything is serene in
The volume
industrial affairs.
and
steel
eral trade
is
time when
of business in the iron
unprecedented, and as far as genconcerned there has probably never been a
industry
is
was more active or more prosperous. The
tonnage and
the largest earnings on record.
In face of all this in
face of the creation of wealth in unexampled dimensions
there is, apparently, no demand for bonds,
it
railroads, too, are enjoying the largest
—
—
vogue.
The fact that the $50,000,000 raised in this country even of high-grade chraacter.
by the Pennsylvania Railroad (before the placing of
To what must the apparent anomaly be attributed.?
the French loan) had to be procured on short-time obli- As always happens on such occasions, numerous congations
— collateral trust notes running only eighteen
— an extremely significant sign of the times.
months
is
tributory causes can be assigned but there appear to
,
be a few of special force which
Furthermore, quite a number of recent bond underwritings have proved unprofitable, or at least the participants in the same have found.it impossible to market their bond takings and are left with a considerable
part of the original issues still on their hands.
A case
in point is that of the blockof $24 ,000 ,000 bonds of the
Chicago Burlington & Quincy RR., Illinois Division,
and yet to which,
The
and the proceeds went in large
part to provide for maturing bond issues. They are
a gilt-edged security in fact, it would be difficult to
designate anything better and yet this underwriting,
much
,
sold in 1905 to a prominent banking syndicate.
in
lie
right
on the surface,
our estimation, not sufficient
Of course the hostile
and against railroads and
other corporate undertakings, and the new statutes
which have been and are being enacted intended to
fetter and restrain the activities of these all-potent
significance
spirit
is
being attached.
shown against
capital
agencies in the business
life
of the nation, are doing
This, however,
is not
mind. There is one
piece of legislation which is already an active, potent
influence in affairs and which in current discussions
is being almost entirely overlooked.
We refer to
if current reports be correct, netted a considerable loss.
the new laws put upon the statute books in this State
At all events the syndicate was dissolved this week which have shorn the great life insurance companies
with a considerable portion of the bonds still undis- of their energies as reproductive agents in the financial markets.
Formerly there was scarcely a finantributed.
Every one is concerned to know the reason for this cial undertaking of any consequence in which these
state of things and numerous explanations are offered
big life insurance concerns did not directly or indinearly all of them possessing a sub-stratum of fact; rectly take an active part.
Many of such undertakand yet practically all of them ignore some considera- ings, indeed, were initiated by these concerns. They
tions of the highest importance in their bearing upon had large amounts of cash at command and almost
new capital flotations. Of course the country has been unlimited resources. To have it known that one of
confronted with a similar situation many times in the these big companies was identified with or behind
past; but at least there was no obscurity as to the an underwriting was regarded as equivalent to an
causes on these previous occasions. Some seek to assurance of unbounded and unqualified success for
draw a parallel with the conditions in 1903 and 1904 the undertaking.
and there is talk of undigested securities, &c. ObviBut now all this has been changed. The new law
ously all securities which have not found ultimate explicitly provides that "no such corporation shall
lodgment in the hands of investors must be regarded subscribe to or participate in any underwriting of the
in a sense as "undigested," whatever their character. purchase or sale of securities or property, or enter
But there is manifestly a deal of difference between an into any transaction for such purchase or sale on
undigested security of a new, untried venture or one account of said corporation jointly with any other
whose standing has not yet been definitely determined, person, firm or corporation." We are not now conand a security of undoubted merit. The undigested se- cerned with the desirability or undesirability of such
curities of the 1903-04 period were largely of the former legislation, though our views on that point are well
class, though later the distrust became so great that known.
We are dealing simply with the fact itself.
even high-grade obligations fell under the ban. On Furthermore, the life insurance companies are also
the other hand, the chief characteristic of the present restricted by the new law in the matter of their inperiod seems to be that the burdens carried by under- vestments. Formerly, when banking-houses conwriting syndicates consist mainly of obligations of the sidered or undertook new capital flotations ,',they could
very best sort, to which not a shadow of suspicion or go ahead with the assurance that they could find an
discredit attaches.
abiding-place for the new issues, to an important exThere is another particular in which there is a com- tent at least, among these very life companies, and.the
plete absence of parallel with the 1903-04 era.
This banks and trust companies allied with or controlled
former period was marked and preceded by a long- by them. As an inducement for the co-operation of
bonds bear
4%
interest
—
to unsettle confidence.
the matter
we have
chiefly in
—
,
continued|[and tremendous shrinkage in prices on the
the insurance companies
and
their financial connec-
June 30
THE CHRONICLE.
1906.1
were
tions, they
all
given syndicate participations
participations considered very desirable
and
in
in
keeping extensive balances when one cannot put the
most money
But, as we see, partnercompanies
on the part of
ship with the insurance
banking syndicates is no longer permissible, as the companies are expressly forbidden to engage in syndicate
cases yielding large profits.
1469
to
any good
use.
It
must be remembered,
too,
that not only have the funds employed by the insur-
ance companies themselves in this
way been taken
but the other large amounts comthe ownership of trust comand
banks
have
panies
also
been withdrawn. This
participations.
There are always adverse conditions of the money is so not alone because the insurance companies and
market or the security markets to be reckoned with their affiliated connections were wont to act together,
by those undertaking to float new issues, and with but also because public opinion for the moment seems
the insurance companies as intermediaries
over periods of this kind, for
sible to tide
out
of.
the
field,
manded by them through
was pos- to frown upon syndicate participations even for banks
Thus altogether enormous sums
these con- and trust companies.
it
of money formerly available for new capital flotations
became more are no longer available; and when one considers that
two months or these money resources were turned over times almost
cerns were in position to hold their portions of the
market
might be a month or
three or four months, but whatever the period the
companies and the financial institutions associated
with them could carry the burden with ease and comIt was simply a question of waiting until times
fort.
became more propitious until opportunities for the
Now the banking synsale of the holdings offered.
dicates and underwriting syndicates must bear the
This naturally makes them
whole risk themselves.
loath to engage in new underwritings, particularly at
allotments
favorable;
conditions
until
it
—
a time
like the present
when
so
many
uncertainties
hang over the business and financial world. Bond
houses and bond dealers, on their part, are equally
unwilling to load up, knowing that the support of the
And very
insurance companies is no longer present.
naturally the spirit of caution has taken hold of the
Unless we are very much mistaken,
withdrawal of the insurance companies
investor himself.
the
forced
from the financial
field
in the
way
indicated
means
that the railroads and other borrowers will have to
pay higher
writing of
We
prices hereafter for the floating
new
and under-
capital issues.
doubt that many persons have an adequate con-
ception of the extent to which the financial resources
available for syndicate underwriting have been cur-
through the elimination of the life insurance
companies from the business. Note simply the change
that has been wrought in the money holdings of the
largest three of the life insurance companies, namely
the Mutual Life, the Equitable Life and the New
York Life. According to its report to the State Insurance Department, the Mutual Life Dec. 31 1905
held only $9,270,513 cash in office and in bank, against
tailed
innumerable during the year, it can readily be seen
that the loss is a very important one to the financial
world and to all those who are obliged to have recourse
to
it.
There is still another particular in which conditions
have changed to the detriment of the financial markets
and the ready placing of loans. We refer to the fact
that a public sentiment has been industriously fostered
which seeks to divorce men of means and financial
power and strength from connection with railroads
and other corporate undertakings. It used to be considered evidence of wisdom and prudence to have influential names on the board of directors of a company. If the company needed advice and counsel,
If it needed cash or
these men were able to give it.
If
other financial aid, they could supply the same.
they did not have the funds themselves, they knew
where to apply for them. Now it is the fashion to
decry men of that class. We are told that no one
having even a remote connection with a company's
financing should have any place upon a board or any
of its committees or to take any active part in the
management. According to this new doctrine members of banking-houses should not sit on the boards
event that the company succeeded in disposing of any new stock and
bond issues to the banking-houses of which these directors were members, they would be sure to make a
The logic of such reasprofit out of the transaction.
of directors at all, because in the
oning of course
is
that a director,
if
he be a
member
of a banking concern, must not think of reaping any
profit out of dealings with the company, even if he
$17,973,159 at the corresponding date of the preceding subscribes millions of dollars himself and induces his
year; the Equitable held only $14,559,394, against clients and connections to subscribe many millions
$22,651,666, and the New York Life held $14,717,928. more.
against $17,694,109.
Thus the three companies toNaturally, men of standing in the community have
gether had only $38,547,835 of cash in bank and in taken the hint.
Some have refused to act altogether
office Jan. 1 1906 as against $58,318,934 on Jan. 1 any longer in the capacity of directors, while many
1905.
But this by no means indicates the full extent of those who are still exercising an influence in the
Testimony given before the Insur- management have ceased to proffer financial assistance.
of the difference.
ance Investigating Committee showed that it was the They do not wish to be charged with endeavoring to
practice of the companies to reduce their cash holdings line their own pockets.
The result is that whereas
largely just before the beginning of the new year. formerly when a company was in need of financial
As an illustration we may note that President Morton assistance, all that was required was for the executive
of the Equitable Life Company in February last stated to mention the matter at a board meeting, now it is
that the bank balances of the Equitable had been re- necessary for <he executive to have recourse to outside
duced from an average of $36 ,000 ,000 to an average sources. In effect the corporation becomes a suppliant
of $11,000,000.
Here is a reduction in the case of at the council chamber of the bankers it appears
one of the large companies alone of fully $25,000,000. before them like a beggar with hat in hand.
In the case of the other two large companies the
We do not doubt that, in the long run, an adjustchange may not be quite so great and yet it is very ment will take place. Where new statutes are obconsiderable, as we have just seen.
There is no object structive, changes will be evolved in conformity with
—
THE CHRONICLE.
1470
[Vol. lxxxil
low rates and of indifference as to how the railborrower may not unUkely become higher, in some ways might be affected; they were in existence to
way the matter will eventually work itself out and an serve the public and he did not care about them, he
In this he rendered
equilibrium be restored. Similarly, when it is found said he demanded low rates.
the
new requirements,"
and_,'
though the cost to the
for
—
that the absence of
board is a detriment, public sentiment will be modified,
with the result that it will no longer be deemed disreputable to be known as having extended financial
aid to a corporation and at the same time taken a
on
seat
by bluntly expressing the
general buyer's wish to get things cheap and his indifference about the seller.
The same argument might
be used about fish as about freight rates, and there
is no logical stopping-place, except that common carriers owe a certain (not an unlimited) duty to the
public and that some limitations on the seller's liberty
must be applied, as a compulsory incident of the social
state, in respect to some articles of necessary consumption and naturally restricted supply.
In this Toledo case it is evidently assumed that the
price on March 11 was both legal and just and any
advance is illegal and extortionate. Illegal it may be,
but making it so not only passes by the natural rights
men of means from a governing an
the board of directors of the
company to
money
made, in order to see that the
which the loan was
was wisely and properly expended and the concern
economically and carefully administered.
For the time being, however, all these are active,
present disturbing agencies. When to this is added
the possibility of a complete unsettlement of things
unintended
service
through the passage by Congress
of the new rate bill and the effort everywhere being
made to harass and embarrass corporate undertakings of property, but ignores the natural relation between
Whether the convicted
of every kind, there would appear to be quite an array supply, demand and price.
of reasons to account for the difficulties now being dealers raised their prices beyond the increased cost
experienced in financing the new capital needs of rail- which a short supply imposed upon them does not
appear; if they did not, the law would take no note
roads and other enterprises.
of that; it forbids any "combination" or agreement in
restraint of trade, and in so doing does not take acin the railroad world
^
:
count of financial possibilities or the contrary.
We are now in this country in course of a very earnest campaign of exposing and punishing people, es-
RIGHT ATTACHING TO OWNERSHIP OF
PROPERTY.
Five men connected with the management of ice
companies have been sentenced by a court in Toledo
to a $5,000 fine and a year in the work-house, their
offense being that they have been exacting extortion-
Beginning with carrying corporations, it has extended to others, and there is
nothing to keep it from extending to individuals.
The movement of compulsion does not stop with subate prices for ice, in violation of the Valentine anti- jects in respect to which monopoly exists or is possible.
trust law, which forbids combinations in restraint of For years past there have been anti-compact laws
In response to a supposed intimation by the leveled against insurance companies, forbidding them
trade.
Court that when the money illegally taken from con- to agree on a schedule of rates, upon the unwarranted
pecially corporations.
sumers since the trust was formed on March 11 had and unsound assumption that concurrent rates are
been refunded, and prices had been restored to the level naturally high and non-concerted action naturally
on that date, the mitigation of sentence as to imprison- tends downward. We have at this present time some
ment in the work-house might be considered the price State supervisors threatening that they will exclude
has dropped, we read, and an attempt is making to any companies which do not pay the face of their polirestore the overcharges
a process which is plainly cies in San Francisco, and one or two supervisors
impracticable to carry out with any accuracy.
announcing that they will resist, to the utmost of
We may admit, for the present purpose, that the their power, any attempt to advance rates within their
Valentine law is plain and the conviction unavoidable States. Thus, while the law has not yet actually
,
—
,
under
it;
yet the case
is
one which
may
well set us
For however truthfully
seriously thinking.
ice
may
undertaken to prescribe insurance rates,
talked of, and
is
this
has been
in the direct line of progressive inter-
be called a "necessity" in city life, it is an article of ference, and a few States threaten to prohibit anyunlimited supply, because one of artificial as well as advance.
natural production. The process of making it is
of which more instances could
All this movement
simple and certain, requiring no unusual facilities readily be cited is really a movement of compulsion
—
and subject to no unusual hazards. Ice may be produced at all seasons and in any climate. Less and
less dependence is placed on the natural article, and
in course of time ice-cutting on any large scale may be
abandoned. That is to be determined by considerations of economy; suffice it that the article cannot be
cornered and supply is as unlimited as demand can be.
—
Buyers and consellers.
It is in human nature.
sumers always largely outnumber producers and sellers, as respects any particular commodity; and we all
so naturally like to buy at the best advantage that
there is a tendency for the buyers to turn their power
Yet
of majority toward compelling the other side.
even if we waive the academic question of principle
A short crop, as in the past winter, may find the for its own sake every one of us, rich or poor, except
people of a city temporarily obliged to bear high those supported at the public cost, is seller as well as
prices until they can construct new plants; but that buyer; therefore it behooves us to consider whither
upon
—
is
a penalty of their
a few
men may be
own
lack of forethought.
While we are tending.
able to control the entire available
We
are drifting toward a virtual assumption
— and
is only for a brief time; an assumption as the basis of law and court practice,
one upon which monopoly is impossible.
too that property beyond a limit not yet clearly deIn course of agitation in England about freight rates fined ceases to be a right and converts into a wrong.
a fish dealerjWent]^intoJprint with a bluntjdeclaration To argue upon this would carry us too far for this occ'a-
supply for a brief time, that
the article
is
—
June
THE CHRONICLK
30 1906.]
1471
own property must be
acknowledged. If property cannot be
used or if it cannot be kept or sold on the owner's
terms and not on the buyer's, then ownership is not
full but partial; whatever one owns, he must have unsion; suffice
treated as
it
that the right to
still
—
abridged right to use or dispose
of, subject
equal right of others.
denied,
If this
is
we
only to
and that the free play of competition is the only regulator which is possible in this imperfect world ?
The
man owns his body and brain, to start with, as capital
or tools for his own support and benefit; we all admit
this as an inalienable right, although labor unions have
the been for many years in course of more and more com-
are attack-
ing the rights of property, since this right of use and
is an integral part of ownership.
One who
produces what the market does not want, or holds it
at more than the market will pay, gets punished; the
market passes him by; competition disciplines and
disposal
brings
him
to reason.
Yet what we are
at, without realizing the fact,
is
really driving
pletely
make
Now,
denying the
after
full
market labor, we are gradually denying the full
right to market product; and if this goes on there is
no stopping place short of breakdown by its own
absurd impracticability. We may wisely pause and
consider whether it is not quite time we turned back
upon this path.
the practical proposi-
and buyer together,
by leaving the
statute and court, shall
prices; that the buyer, not
but by force of
compel him to sell on the buyer's terms.
This does not seem an overstatement. The great
field of insurance is a very conspicuous instance, for
dissatisfied buyers, instead of combining to furnish
the article on what they allege are fair and practicable
rates, attempt to force the existing companies.
A
seller alone
it.
right to
tion that the buyer, not the seller
shall
alienating
ON THE NEW YORK STOCK
EXCHANGE FOR HALF-YEAR ENDING
JUNE 30 1906.
LISTINGS
on the New York Stock Exchange
months of 1906, as compiled in
our usual form, show in a striking fashion the de-
The
listings
during the
first six
terrent effect of adverse
money
conditions
upon the
The
financing of enterprises, old as well as new.
legal contest has apparently established the right of a
extraordinary activity of general business throughout
books at any cut prices which he the United States, together with the state of foreign
chooses, if he can get the books; and there seems no money markets, had already rendered the financing
doubt that he has such right as an incident of owner- of large enterprises somewhat troublesome, when the
storekeeper to
sell
may set and catastrophe at San Francisco took place, bringing
by any peaceful means may to a standstill numerous speculative projects, few
cut off the supply to any dealer who disregards such of which, to be sure, would in any case have come
prices, has not yet been judicially established, but it is to the notice of the Stock Exchange, and rendering
ship.
The
proposition that publishers
try to maintain prices, and
surely as clear an incident of ownership as the other.
inadvisable for the time being the undertaking of
Whoever owns an article not in its nature a monopoly many highly respectable flotations, backed by strong
may put his own price on it, and may use all peaceful interests. Latterly the financial conditions have
means to have that price maintained; this, of course, improved, but not to an extent sufficient to produce
in ordinary circumstances, for some exigency which during the late half-year the expected large listings of
temporarily reduces the supply of a necessary, brings new American securities.
in another set of rules.
And
if
any producer, from
the owner of an important patented article
down
to
If
from the amounts
period under review,
of
bonds
we deduct
listed
during the
as unusual items the
or 1300,000,000 of Japanese bonds and the $20,000,000
product from the hands of any of Naw York City 4%s, we have left as representing
person, the proposition that he has a full right to do so other bond issues for new capital, etc., only 132 mil-
the publisher of a journal, chooses for any good
bad reason, to keep
his
and the person has equal right to get it notwithstand- lions, and of this total about 79 millions were coning, by any peaceful means on either side, seems to tributed by eight railroads and one industrial comfollow as incidental to the right of ownership.
Why pany. The corresponding total for the first half of
not?
1905 was 342 million, including (and 182 million exWe are, we imagine, reforming things at a great cluding) 160 million of Government Japanese, Cuban
rate at present; binding monopolies, depriving trusts and Mexican and City of New York bonds; while for
of their powers, correcting the greed of capital, and 1904 the aggregate, with no deductions, was 193
clarifying and establishing the rights of the common million; for 1903, 1153^ million; for 1902, 157, and
In some degree this is true and is wholly for 1901, 161^^ million. The total amount of bonds
people.
proper. There are abuses, and they are in course of of all classes added to the list during the half-year
correction; but the pace is becoming too fast, and we is 671 million, including the aforesaid 320 million; in
are in danger of going too far.
The practice of turn- 1905 the total was 642 million. The stocks representing the powers of the majority to coercing one seller or ing new capital amount to 99 million, contrasting with
set of sellers after another, so that the consumer may 67, 30 and 86 million in the three years next preceding;
obtain things at what seem to him fair and are doubtless but in this case, too, the bulk of the new issues has
agreeable prices, is a tempting one, and is so agreeable come from a few companies the Great Northern, New
in its apparent results that we are liable to fail to note York Central, Ch cago & North Western and the Chito what it tends.
After all, we must have broad and cago Great Western together making up 72 out of the
just and practicable general principles as a basis; so- 99 million.
The total amount of stock of all kinds
ciety cannot long get on without them.
Is there any added to the list is 405 million' but in this case the
principle as to property which can long endure, except aggregate is swelled by the shares of the Interboroughthat which we have attempted to lay down herein; Metropolitan consolidation (aggregating 112 million)
that, aside from natural monopolies and public ser- and the Bethlehem Steel reorganization, the latter
vices which have received grants from the Common- amounting to nearly 30 million.
wealth, whatever a man owns he owns absolutely,
Our usual compilation for ten years past follows:
—
—
—
THE CHRONICLE.
1472
MOW VOKK 8TOCK EXCHANGE.
SIX MONTHS' l.IsriNCS OX
Bonds.
(6
lusueti for
motMs.)
new
now
capilal.iic.
342 ,800,000
1901
193 ,144.500
115 ,577,150
157 ,2(11,313
161 678,500
1900
1899
1898
1897
65 831,000
66 ,911,240
28 ,657,000
20 .707,502
ToUil.
old nccuriteis.
linU'd.
$1,650,000 $217 710,000 .t671 ,375 .000
20,000.000 279 515.650 642 ,315 ,650
40 712,000 233 ,856 ,500
12,798,000 193 790,650 322 ,1()5 .800
400,000 197 716,387 355 ,377 ,700
7,534,100 226 978,400 396 ,191 ,000
2.387,000 225 527,000 293 ,745 .000
18,108,000 182 485,500 267 ,504 ,740
16,571 ,000 ,342 ,477,500 387 ,705 ,500
11,116,500 186 ,111,500 217 ,935 ,500
j-452 ,015,000
1906
1905
1904
1903
1902
$10,240,700
99,889,200
1906
1905
1904
1903
1902
$99,065,900
66,794,200
30,336,900
86,258.840
128,093,700
1901
296,8.30,050
38,791,666
11,462,300
16,800,000
1900
1899
1898
1897
206,609,000
152,790,300
8,943,305
28,168,500
16,000,000
8,072,800
Note.
.S289, 8.59, 400
191, .381, 400
$405 .160 ,000
3.58 ,064 ,800
41 ,527 ,300
11,190,400
166,906,995 290 ,957 ,435
176,297.890 315 ,853 ,890
959,957,525 1273 ,587 ,575
118,710,150 325 ,320 ,150
252,449,530 405 ,239 ,230
228,785,200 253 ,728 ,505
349,560,500 385 ,801 ,800
— ApplicatioiLs
for the listing of trust company receipts and of
marked "a-ssented" (if preparatory to reorganization), or of
stamped "a.ssumed" or "assessment paid" the securities
—
included
—
themselves having previou.sly been listed are not
X Includes $300,000,000 Japanese Government bonds.
in this table.
&
refunding 4s, the Minneapolis 8t. Paul
Sault Ste
Marie (controlled by the Canadian Pacific), .S5 ,860 ,000
first consols, the Chicago <fc Western Indiana Sll,883,-
000 consol.
and the Norfolk
and general"
ing 4s
has listed
which
&
M. K.
4s, the
T. 3}4 million
& Western
first lien
Stocks.
(6 months.)
securities
securities
For new construction, equipment and improvements
the Atchison has listed about 6>^ millions of its convertible 4% bonds of 190.5, the Rock Island 5 million
Replacing
Old iasucs
[Vol. LxxxiL
first
3 million "divisional
The Delaware
4s.
refund-
& Hudson
14 million of convertible debentures,
of
.S9, 100 ,000 were used to acquire stock of the
roads in Albany and Schenectady and the
remainder for additional equipment, the Wilkes-Barre
cut-off, etc.
The Southern Pacific Co. has listed
million
of its 2-5-year collateral trust 4s to refund
7}4
trolley
bonds, and the Southern Pacific Railroad 75
43^%
million first refunding guaranteed 4s, 50 million of
these for refunding and the remainder for "corporate
In the following tables we indicate the purposes for purposes." Another issue of short-term obligations
which the several new issues of bonds railroad, street is seen in the 153^ million of 5-year 4i^s of the St,
railway and industrial have been issued.
Louis Memphis & Southeastern (a subsidiary of the
LISTINGS OF RAILROAD BONDS.
St.
Louis & San Francisco) which has employed this
Purpose of Issue.
Company and Title of Loan.
Amount.
—
—
,
Susq. guar. conv. 3 J^S- -810,000,000 Refund 6s&7s,mat.Ap.l
Atch. Top. & S. Fe 50-yr.conv.4s '05. 6,639,000 Const., imp., equip., etc
Atlantic City 1st cons. guar. 4s
786,000 Construction of road.
do
1,000 Exch. for old securities.
do
do
Baltimore & Ohio prior lien 3 J^s
22 .000 Exchange for old bonds.
Chic. Ind. & Loui.sville ref 5s
200,000 Imp'ts and equipment.
Chic. M. &St. P.gen.3Hs,ser. B__ 5,782,000 Acquis., equip. & imp'ts
do
do
do
__
668,000 Retire old bonds.
Chic. R. I. & Pac. RR. coll. tr. 4s-_.
9,000 Acq.C.R.I.& P.Bj/.stk.
do
do
11,000 Acq.St.L.& S.F.com.stk.
coll. tr. 5s...
Chic. R. I. & Pac. Ry. ref. 4s
000_ Refund, old bonds.
784,
6,
do
do
do
5,000,000- ^Improvements.
Chic. St. P. Min. & Omaha con. 6s..
239,000 Exchange for old bonds.
Chic. & W. Ind. consol. 50-year 4s.. 11 ,883,000 Track elev.,oth.imp.,&c.
do
Replace gen.mtge.bds.
do
do
.. 5,260,000
Del. & Hudson conv. 10-yr. deb. 4s. 2,400,000. Additional equipment.
do
do
do
do . 7,500,000 Acq.Un.Tr.of Alb.stock.
do
do
do
do
1,600,000, Acq .half Schen.Ry .stk.
do
do
do
do
2,500,000- Wilkes-Barre cut-off etc
Detroit & Mackinac 1st lien 4s
150,000 Extension of road.
Det.Tol.&Ir.— D.So.O.Div.50-yr.4s..
214,000. Retire car trusts.
Georgia Midland 1st 3s
1 ,650,000. .Old bonds just listed
Hocking Vallev 1st consol. 4Hs
825, 000 ..Acquisitions and equip.
"
do
do
do
175,000 Retire
old bonds
do
Interb.-Met.Co.coll. trust 4Hs
67,406,000 .Exch. Int. R. Tran. stock
Lehigh Valley gen. con. 4s
1,900,000. /Pay car trusts and stock
purchase bonds.
\
Long Lsland guar. ref. 4s
4,517,000 .Improvements.
Louisiana & Arkansas 1 st 5s
666 ,000 .Extension of road.
Minn.St.P.& S.Ste.Me.lst consol. 4s. 5,860,000 .Construction of road.
do
do
190,000 .Exchange for old bonds.
do
Mo. Kan. & Tex. 1st &ref. 4s
3.448,000 .Terminals & equipment.
Mo.P.— St.L.I.M.& So.Riv.& Gulf
--5^
Divisions 1st 4s
Exten. and acquisitions.
1 ,577,000
do
un. &ref. 4s
122,000 Retire old bonds.
Nat. RR.of Mexico prior lien 4 »4s.- 3,000,000 Acq. Hidalgo A NE.RR
N.Y.Cent.& Hud. River RR. 3j|s.110,000 Retire old bonds.
Norf. A West. Div. 1st lien & gen. 4s. 3,000,000. .Extension & imp'ts.
Ohio Connecting 1st guar. 4s-..^... 2,000,000. .Construe. &improve'ts
Pitts.Cin.Ch.& St.L.con.4s, ser. F
Improve'ts & equip.
1 ,000,000
Reading Co. gen. 4s
.
1,500,000 .Acquisitions & imp'ts.
do
do
.
598,000. .Retire old bonds.
.
St.Louis Mem.&S. E. 5-yr. 4}^s. . 13,-393,000. -Retire old bonds.
do
do
do
2,234,000. Completion of road.
So. Pac. Co. 2-5-yrs.coll. tr.4s
7,253,000. .Refund old 43^8.
So. Pac. RR. 1st ref. guar. 4s.
25,000,000. -Corporate purposes.
do
do
do
.
50,000,000. . Refunding old bonds.
Southern Ry. 1st con.sol 5s. .
500,000. .Improve'ts & equip't.
do
do
do
15,000. .Retire old bonds.
Vandalia RR. consol. 4s, ser. A. . 2,400,000. .Double-tr'ck, equip. .etc.
do
do
do
600,000 Retire old bonds.
„.
Waba,sh-Pitts. Term. 1st 50-yr. 4s-. 2, 000,000.. Exten. and improve'ts
Wheeling & Lake Erie 1st consol. 4s .
79 ,0 00 ..Term. & dock facilities'
Total
$270,266,000
Albany
<fe
method
of
up constituent company bonds
its road
The Chicago
taking
(never floated) and to complete
&
Rock Island
Pacific
Ry.,
.
which
the
like
St.
.
,
LISTINGS OF STREET
RAILWAY BONDS.
Loan.
Amount.
Brooklyn Rap. Tran. ref. conv. 4s. .$2,000,000
Int. Tru.st Co. (of Buffalo) col. tr. 4s 5,000,000
do
do
do
12,940,000
Title of
Purpose
of Is-we.
Acquisitions, etc.
Improvements.
fAcq. see's & pay
obli-
gat'ns subsid. "cos.
Manila Elec.RR.&L.Cor.lstl.*c.tr. 5s 594,000- -Exten. and improve'ts.
do
do
do
4,041,000 Exch.secur. subsid. co's.
New Orleans Ry. & Light gen. 4 J^s. 13, 357, 000 fExch.old bds.und.reorg.
plan
\
\
.^.^
„
do
do
do
.
286,000 -Improvements.
United Rys. of St.L.— St.L.Tr.imp 5sl0,000,000 .Imp'ts and extensions.
Total
$48,218,000
LISTINGS OF MISCELLANEOUS BONDS.
Company and
Anier. Telep.
&
Title of
Loan.
Teleg. coll.
tr.
Amount.
4s '29.$5,000,000.
Purpose of I s.fue.
Extension of system.
American Tobacco 6s of 1944
4,095,0001 Exchange for securities
do
do
4sof]951
61!, 000/
of acquired properties
Bethlehem Steel 1st ext. guar. 5s.. 3, 500,000 -Improvements.
Central Leather 5s of 1925
.591 ,000
City of New York 4% regist. stock. .20,000.000.
Col. Indus. 1st guar. 5s, ser. A-.(con.)
602.000Consol. Ind. Coal 1st guar. 5s
2, .500, 000.
Imp.Jap.Gv.4}^'^,ster.loan,lst ser 150,000.000do
do
2d .ser. 150.000. 000Mich. St. Teleph. 1st 5s
4,181 ,000do
do
do
1, 475, 000.
Philippine I.sl.— Govt.Wks.&Imp.4s. 1 ,000,000Rep. I. &St. 1st &coll. trust 5s
8,625,000
Tenn. Coal Iron & RR. gen. 5s
West. Union Tel. coll. tr. cur. 5s.
Total
Kxtraord. warexpenses.
-Extraor. war expenses.
Pav
corp. pmp.
-Acquis., exten., &c.
.Public i)urpo.ses.
ohlig.
is
controlled
by the Rock
4%
bonds
and 5 millions sold
imp'ts
&
work.
notes.
cai)ital
6^
for
improvements. Among the companies belonging to
the Pennsylvania system we note additions as follows,
chiefly for construction, improvements and new equipment: Long Island RR., 4}^ millions; Ohio Connecting, 2 millions; Pittsburgh Cincinnati Chicago & St.
Louis, 1 million; Vandalia RR., 3 millions.
Four
street railway
(and lighting) enterprises,
namely, Manila, Buffalo, New Orleans and St. Louis
companies, have brought to the list bonds to a total
outside
o
4634 millions.
The stock
issues of leading railroads include 163^
&
millions of Chicago
its
North Western common, sold to
stockholders to provide for extensions, equipment,
etc.;
25 millions of Great Northern stock also sold
to
stockholders to provide for capital requirements,
its
and about 17 millions of New York Central stock, the
proceeds of which will be used to complete the Grand
Central terminal, to electrify a portion of
The completion
its line, etc.
of the extensions of the
Chicago
&
Great Western and the dissolution of the construction syndicates is marked by the listing of 14 millions
of
preferred
its
B
Substantially
stock.
all
of
the
remaining convertible bonds of the Union Pacific have
been exchanged for stock, increasing the amount of
share capital of that company, as listed on the Exchange, by $6,855,000. The shares of the Manila and
New Orleans trolley and light companies, which have
been
listed as well as the
nearly 35 millions.
bonds, together aggregate
The United Railwaj^s Investment
Co. of San Francisco, having acquired control of the
Philadelphia
Company
of Pittsburgh
controls the trolley, gas
of the last-named city)
stock
issued
Among
in
and
,
(which in turn
electric light enterprises
has listed $9 .400 .000
connection
with
this
common
transaction.
the listings of miscellaneous stocks are the 77
<Sr
/Pay outstanding
\
,
Francisco
adds to the refunding
Kxcli.U.S.Leath.seciir's.
.Var. munic. jjurposes.
Exch. Col. F. & I. debs.
Acquisitions.
600, 000.. Improvements.
Ill 000
Exch. Maine Tel. stock.
..$352 ,891,600
Co.,
millions issued for refunding
•
Company and
& San
Louis
Island
millions share capital,
common and
preferred, of the
Corn Products Refining Co., the recent consolidation,
and the 133<i millions of the American Pneumatic
Service Co., consisting of common and preferred shares
June
THE CHRONICLE.
30 1906.
1473
under Section 171a of the Penal Code. This reversal
of the Trial Court the Court of Appeals sustains.
The facts leading up to the conviction were set out
stock for improvements and the United States Rubber
quite
at length in the previous article to which we
acquisitions
and
the
exfurther
for
millions
Co. 7^
have
referred,
and a brief outline of the main features
tension of its business.
Below we give the purposes of all new stock issues: of the case must suffice on this occasion. It was
charged that the defendant, Harry Marcus, on behalf
LISTINGS OF RAILROAD STOCKS.
Amount.
Purpose of Issue.
Company and Class of ^Stock.
of the H. Marcus Skirt Co., a corporation and an emAlleslieuv Val. & West., suar. .«tk-- .$200,000.. Additional track.
1 ,000,OOO..Exten., Equip.& imp'ts
Buffalo & Sus(iuehanna pief
14,000,000 Exch.Ma.sonC.&F.D.pf. ployer of labor, had compelled Hyman Scheinbaum
Chicago Great Western pref. B
42,000..Exch. convert, bonds.
ChicaKo Milwaukee & St. Paul pref.
to enter into a written agreement not to join or beChicago & North Western, common. 16, 267, 400^. Exten., equip., etc.
previously dealt in only on the Boston Stock Exchange.
The General Electric Co. has sold 6 millions of new
2,216,500. .Imp. & equip, in 1904.
950,0001 Old stock.s just hsted.
2,000,000/
25,000,000 /Purch. equip., secur. of
Isub.co's & other cap.ob.
58,500 /Exchange St. Paul M. &
Cleve. & Pitts, special guar
Detroit & Mackinac, preferred
come a member
any labor organization as a conemployment from said company
and continuing in its employ. This was in direct condo
do
do
M. stock, etc.
travention to Section 171a of the Penal Code, and the
Interborough-Metropol. Co., pref. ..45,284,6001Exch. stocks Met. St.Ry.
common.. 67,406,000/ & Met. Secur. Co.
do
do
pleaded guilty and was fined $5. He paid
defendant
37,400 /Exchanged for common
Nat. RR. of Mexico, .second pref
stock.
18,700 \
deferred
do
do
the fine under protest and took an appeal to the Ap17,192,500 /Complete Gd. Cen. term
N. Y.Cent. & Hud. River stock
common
do
do
Great Northern preferred
of
dition of securing
^
1
N.Y. New Haven & Hartford
.stock.
Pennsvlvania RR., stock
Pitts. "Ft. W. & Chic, guar, spec
Island Co.
&
subsid. stocks, etc.
2,992,200. .Exch. for Alleg.Vy.stk.
.Improve'ts
3,029,700.
& additions.
27,3001 Exch. Chic. R. I. & Pac
6,400/
Ru. stock.
6, 855 ,000.. Exch. for conv. bonds.
1
Rock
electrify lines, etc.
3,354,100 /Exch. Consol. Ry. deb.
common
do
preferred
do
Union Pacific common.
»207 ,936 .900
Total
LISTINGS OF STREET RAILWAY STOCKS.
Amount.
Purpose of Issue.
Class of Stock.
Manila Elec.RR.& L.Cor., common. .14,978,000 .Exch. secur. subsid. co's.
10,000,0001 Issued under reorganiNew Orleans Ry. & Light pref
zation plan.
common .20,000,000/
do
do
do
United Rys.Inv.ot S.Fran, common. 9, 400, 000.. Acq. Phila.Co.com. stock.
Company and
$44 ,3 78 ,000
Total
LISTINGS OF MISCELLANEOUS STOCKS.
Amount.
Company and Class of Stock.
American Ice Securities stock
Amer. Pneumatic Service, pref
com
do
do
do
Bethlehem Steel, preferred
common
do
do
Purpose
of Issue.
$4,598,300. .Exch. Amer. Ice stock.
5,000,0001 Old stock just listed.
8,290,700/
..14,908,0001 Exchange old securities
under reorg. plan.
14,862,000/
511,400l Exchange U. S. Leather
Central Leather, common
preferred
do
securities.
do
593,900/
•Corn Products Refining., preferred. 28, 664, 7001 Exch. for shares of Corn
common. .48,896,400/
do
do
Prod. & other co's.
do
Diamond Match Co., stock
1 ,000,000. .Imp'ts & extensions.
35,000. .Exchange pref. stock.
Electric Storage Battery, common..
1,000, 000.. New plant, imp'ts, etc.
Genera Chemical, pref
6,034,100. .Improvements, etc.
General Electric, stock
3,200,000. .Exten. & improve'ts.
Kings Co. El., L. & P., stock
Mexican Telegraph, .stock
1 ,000, 000.. Stock dividend.
Michigan State Teleph., preferred.. 1,460,5001 Exchange old bonds undo
common.- 898,800/ der reorg. plan,
do
do
do
preferred..
do
824,5001 Improvements, addi'ns,
do
common .. 2,601,200/ properties, &c.
do
do
do
North American Co., stock
73,700 /Acquire Un. El. L. & P.
pellate Division, which, as already stated, reversed
the
judgment
of
conviction.
Section
171a
of
the
Penal Code reads as follows:
"Any person or persons, employer or employers of
labor, and any person or persons of any corporation
or corporations on behalf of such corporation or corporations, who shall hereafter coerce or compel any
person or persons, employee or employees, laborer or
mechanic, to enter into an agreement, either written
or verbal from such person, persons, employee, laborer
or mechanic, not to join or become a member of any
labor organization, as a condition of such person or
persons securing employment, or continuing in the
employment of any such person or persons, employer
or employers, corporation or corporations, shall be
deemed guilty of a misdemeanor. The penalty for
•
lof
Seaboard National Bank, stock
United Fruit Co., stock
U. S. Realty & Improvement stock.
U.S. Rubber Co. 1st
do
do
do
do
do
pref
2dpref
Total
St.L.&Lac.Gas
.stk.
500, 000.. Increase of stock.
83,000. .Exch. convert, bonds.
7,500 fExch. U. S. Realty &
Construction stock.
I
5,000,000. .Acq.Gen.RubberCo.,etc.
1,517, 200.. Exch. Rub. Goods pf.stk.
1,290,800..
do do com. stk.
Following are the additions to the unlisted list:
STOCKS, BONDS, ETC., PLACED IN UNLISTED DEPARTMENT
law-maker
14th
is
of
Marcus was that
unconstitutional in that
Amendment
it
of the Constitution of the
5,713,600
5,750,000
United
and also that it contravenes the State Constitution by restraining the right of freedom of contract for a purpose "not calculated, intended, con-
venient or appropriate to protect the public health or
the 14th
Amendment
shall abridge
Section
of
1
of the Federal Constitution or-
dains that "no State shall
citizens of the
32,600
this
contravenes the
States,
which
LABOR UNIONS AND FREEDOM OF CONTRACT
The attempt
The point made on behalf
statute
to serve the public comfort or safety."
81 52,851 ,100
Atlantic Coast Line RR., subscriptions for stock (50% paid).
Bait. & Ohio, sub. for com. stock, 1st instal. (20% paid!
•Canadian Pacific, sub. for ord. stock, 1st instal. (20% paid)..
Distillers' Securities Corporation, stock
Missouri Kansas & Texas subs, for gen. 43^s (60% paid)
National Lead, common stock
preferred stock
do
do
such misdemeanor shall be imprisonment in a penal
institution for not more than six months or by a fine
of not more than $200, or by both such fine and imprisonment."
make
or enforce
any law
the privileges or immunities of
United States; nor
shall
any State de-
prive any person of life, liberty or property without
due process of law, nor deny to any person within its
jurisdiction the equal
protection of the laws."
Section
of the State Constitution
1
of Article
provided that "no
1
member
of this State shall
By
it
is
be dis-
employers franchised or deprived of any of the rights or privileges secured to any citizen thereof unless by the law
•shall not belong to a labor organization has been of the land or the judgment of his peers."
And by
finally frustrated in this State.
On May 25 the Court Section 6 of the same article it is provided that no
,of Appeals declared unconstitutional that section of person shall be deprived of life, liberty or property
the Penal Code which attempted to make it a mis- without due process of law.
-demeanor for an employer to impose a condition of
Judge Chase, who wrote the opinion, declares that
of the
to prevent
in hiring employees from stipulating that the employee
The case was that of the People of the the free and untrammeled right to contract is a part
-State of New York vs. Harry Marcus, and the decision of the liberty guaranteed to every citizen by the
.affirms an order of the Appellate Division of the Federal and State constitutions.
Personal liberty is
Supreme Court in the First Judicial Department always subject to restraint when its exercise affects
entered last January, and to which reference was made the safety, health or moral and general welfare of the
in these columns in our i.ssue of January 20 190G. public, but subject to such restraint an employer and
The Appellate Division had reversed a judgment of an employee may make and enforce such contract
the Court of Special Sessions, First Division, in this relating to labor as they may agree upon.
The legis.city, convicting the defendant Marcus of a misdemeanor lative intent in the use of the words "coerce or compel"
that kind.
THE CHRONICLE.
1474
in the section of the Penal
apparent.
Code referred
They were not intended
to
is
quite
em-
There is nothing to show that there was any
ployee.
interference with the freedom of Scheinbaum in deciding whether he would enter into the contract with
the corporation.
The mandate
of the statute
is
the
an enactment that a person
shall not make the employment or the continuance of
employment conditional upon the employee not joining
The
or becoming a member of a labor organization.
right
courts of this State have always recognized the
of employees and employers to organize and cooperate for any lawful purpose. Contracts for labor
substantial equivalent of
may
be freely
made with
individuals or a combination
and so long as they do not interfere
with public safety, health or morals they are not
of individuals,
illegal.
The views
what constitutes freedom
the purchase and sale of labor
of the court as to
of contract in relation to
was declared, was not violative of any public policy.
The Court in that case said that the arrangement was
plainly the case of an agreement voluntarily made by
an employer with his workmen. This agreement
bound the latter to give their skilled services for a
certam period of time upon certain conditions regulating the performance of the work to be done and reit
to refer to physical
violence or interference with the person of the
[ToL. Lxxxn.
I
stricting the class of
gaged upon
workmen which should be
The Court reasoned,
it.
en-
in sustaining the
validity of that agreement, that an employer should
be unquestionably free to enter into such a contract
with his workmen. True, it might operate to prevent
some persons from being employed by the firm, or
employment;
but that was an incidental feature. Its restrictions
were not of an oppressive nature operating generally
in the community to prevent such craftsmen from obtaining employment and from earning their livelihood.
So in the present case that freedom to" contract which
entitles an employer to place his business wholly within
possibly from remaining in the firm's
and as to what contracts relating thereto are lawfvd the control of the labor union entitles him, if he so deand enforcible were expressed quite fully in two cases, sires, to require of his employees that they be wholly
namely National Protective Association vs. Cumming independent of any labor union. It remains to be
(170 N. Y., 315) and Jacobs vs. Cohen (183 N. Y., 207), said that in this reasoning of Judge Chase all his assoand these are held to be controlling and binding in this ciates with only one exception, namely Edward T.
In National Protective Association vs. Bartlett, concurred. In other words. Chief Judge
instance.
Cumming the doctrine was laid down that a person Cullen and Judges Gray, Haight, Vann and Willard
may refuse to work for another on any ground that he Bartlett all join in the opinion and judgment of the
may regard as sufficient, and the employer has no right Court.
But even if the reason is
to demand a reason for it.
that the employee refuses to work with another who
ITEMS AB0X7T BANES, BANKERS AND TRUST GO.'S.
is
not a
member
of his organization,
it
does not affect
his right to stop work or to refuse to enter upon an
employment. The converse of this is also true, and
an employer of labor may refuse to employ a person
who is a member of any labor organization, or he may
make employment conditional upon the person employed refraining from joining or becoming a member
It is a well-known fact that
employees
and also of employers recombinations of
quire their members to do or refrain from doing many
things which they deem to their individual and combined advantage, while a person not a member of such
an organization can act in accordance with the terms
A
of such agreement as he may choose to make.
of a labor organization.
— The public
bank stocks this week were limited
American Exchange National
Bank sold at auction at 250, and 10 shares of National
Bank of Commerce stock sold at the Stock Exchange at 183.
The transactions in trust company stocks aggregate 170
shares and include 1653^ shares of stock of the Bowling
sales of
to 50 shares of stock of the
—
Green Trust Co. sold at 2423^ an advance of 24J^ points
compared with the last previous sale in May.
as
BANKS New York. Low.
Amer. Exch. Nat. Bank 250
Shares.
50
610
Commerce Nat. Bank
of 183
High. Close.
250
250
183
183
Last previous
sale.
May 1906— 256 Vi
June 1906
184Ji
TRUST COMPANIES—A^ew
York.
1651^ Bowling Green Tr. Co.. 242i^ 242>^ 242}^ May
2
a Fulton Trust Co
325
325
Feb.
325
450
450
April
3
U. S. Mortgage &Tr. Co. 450
a Formerly the Real Estate Tru.st Co.
b Sold at
1906—
1902—
1906—
218
412J4
400
Stock Exchange.
— The Mutual Life Insurance Company has disposed of
its
person employing labor may decide that it is to his holdings of stock (1,000 shares) in the Bank of America,
advantage to employ only union labor and be willing this city, an offer above the market price having been made
to enter into an agreement necessary to secure such for the same. The stock, we understand, has been purchased
The statelabor, or he may decide that it is to his advantage to by William H. Perkins, President of the bank.
ment
that the Mutual has sold its holdings of Lawyers'
employ non-union labor, in which case he may also
Mortgage Company stock is, we are positive, incorrect.
decide that it is to his advantage to make the employPresident Roosevelt on the 22d inst. approved the bill
ment conditional upon an agreement that, such em- lately passed by both branches of the Congress amending
ployee will not join or become a member of a labor the National Banking Law governing the extent to which
organization.
banks may loan. As heretofore noted, the bill permits the
In the case of Jacobs vs. Cohen, to which reference banks to loan to 10% of capital and surplus combined (in-
—
was made
in our article of Jan. 20 last, the Court of
Appeals, in consonance with the foregoing views, declared entirely lawful an agreement by employers
with a labor union to employ only union men. The
Court held in that case that a promissory note given
by employers to a labor union of their employees as
liquidated damages for violation by the employers of
an agreement with the union whereby
bound
its
members
themselves to give their services for a certain
period to the employers, and the latter agreed not to
retain or employ any one not in good standing in the
union, was a valid instrument.
Such an agreement,
stead of to only
10%
however, not to exceed
of capital as formerly), such loans,
30%
of the capital stock.
The
bill,
in full, is as follows:
An Act to Amend section fifty-two hundred, Revised Statutes of the
United
lited States, relating to national banks.
Representatives of the
Be it enacted by the Senate and House of Repres
United States of Anierica in Congress assembled. That section fifty-two
of
States
be, and the same
Statutes
the
United
hundred of the IJevi.sed
amended to read as follows:
The total liabilities to any association, of any persOT,
or of any company, corporation or firm for money borrowed, including
in the liabilities of a company or firm tlie liabilities of the several members thereof, .shall at no time exceed one-tenth part of the amount of
is
liereby,
"Section 5200.
the capital stock of such associations, actually paid in and unimpaired
and one-tenth part of its unimpaired surplus fund; Provided, however.
That the total of such liabilities shall in no event exceed thirty per
centum of the capital stock of the association. But the discount of bills
of exchange drawn in good faith against actually existing values, and the
discount of commercial or business paper actually owned by the person
negotiating the same shall not be considered as money borrowed."
Approved June 22. 1906.
June
THE CHRONICLE.
30 1906.1
A circular issued to the banks by Comptroller Ridgely
with regard to the enforcement of the new law is referred to
in a paragraph in our article on "The Financial Situation."
—
The Broadway Bank of Brooklyn has declared a semiannual dividend of 7%, payable July 2, an increase in the
amount from 6% paid each half-yearly period since July
1903.
— The directors of the Importers' & Traders' National Bank
definitely decided to erect a new building
present occupied by the bank, corner of Murray
Streel and Broadway. J. H. Freedlander of 244 Fifth Avenue
is the New York architect chosen to draw up the plans.
As noted in these columns May 12, the. bank's new home
of this city
on the
have
site at
will be six stories high and have a total floor space of 15,000
square feet, or 2,500 on each floor.
—John
Alvin Young, Vice-President and active head of
the Windsor Trust
Company
of this city,
was elected
Presi-
dent on Wednesday, to fill the vacancy existing since the
death, in May 1905, of Justice Charles H. Van Brunt.
— Plans
way for the purchase of the Williamsburgh Trust Company by the Jenkins Trust Company of
are under
Brooklyn Borough. In circulars issued to the stockholders
regarding the terms of the absorption, it is stated that the
Williamsburgh Trust, which has a capital of $700,000 and
surplus of $445,000, will declare a cash dividend of 28%,
reducing its surplus to $350,000; the Jenkins Trust will
1475
Throughout the fifty years of its existence the Manufacturers'
& Traders has had but three Presidents. The present executive, Robert L. Fryer, was chosen to the ofiice in 1901, upon
the resignation of Pascal P. Pratt, one of the founders of
the institution, whose death occurred a year ago. The payment of dividends was commenced by the bank in 1860, and,
exclusive of the amount declared this week, total dividends
of $3,052,031 have been paid.
Besides the capital of $1,000,000, the institution also has a surplus of the same amount
and undivided profits of over $400,000.
—
The directors of the Germantown Trust Company of
Philadelphia have elected John Gates, formerly Title
and Trust Officer, to the post of Second Vice-President;
William T. Murphy, Secretary and Treasurer, has been
elected Third Vice-President;
and E. T. Tingley has been
chosen Assistant Treasurer.
—
The statement published by the Philadelphia National
Bank of Philadelphia for June 18 1906 indicates a material'
increase in its business.
The deposits are now reported at
$37,030,979, as against $30,751,410 for April 6 1906, while
aggregate resources foot up $42,399,220, as against $36,124,601.
—John
B. Parsons, President of the Philadelphia
Company, has been elected a director
men's National Bank of Philadelphia.
Transit
Rapid
of the Trades-
—
A charter has been issued to the Republic Trust Company of Philadelphia, which is to have a capital of $200,000
surplus from $300,000 to $650,000, and will give its new and surplus of $50,000.
The institution will locate on
capital in exchange for the stock of the Williamsburgh Chestnut Street, and is expected to begin business in the
Trust Company.
fall.
Its projectors are John Williams, Joseph S. Williams,
Alexandre Weill, one of the members of the banking Samuel A. Kensil, Thomas Allen, W. W. CoUiday, William
H. Hensel and George C. Allen.
firm of Lazard Freres, died in Europe on the 24th inst.
increase
its
capital
from $500,000
to $1,200,000,
and
its
—
—Robert
B. Armstrong, President of the Casualty ComAmerica, New York, and formerly Assistant Secretary of the Treasury, has consented to deliver an address at
the convention next week (July 5 and 6) of the New York
State Bankers' Association, to be held at Hotel Champlain,
Bluff Point, N. Y.
David H. Pierson, Chairman of the
Committee of Arrangements, announces that Mr. Armstrong
will take the place of J. A. S. Pollard of Fort Madison, Iowa,
who finds it necessary to withdraw his acceptance of an in-
pany
of
vitation to address the delegates.
—The
Dealers'
Bank
of
Brooklyn Borough was formally
taken over by the Union Bank on the 22nd
inst., the stock-
on that day having ratified
the plan for the merger of the two. The price paid for the
stock of the Dealers' Bank (which becomes the Dealers'
Branch of the Union) is said to be $180 per $100 share. The
Union Bank also lately took over the Market Branch of the
People's Trust, and the business of this branch is to be
holders of the respective banks
transferred to the Dealers' Branch.
—
The matter of placing the Old National Bank of Providence in voluntary liquidation will be acted upon by the
stockholders on July 20. Control of the bank was recently
obtained by the Industrial Trust Company of Providence.
— The
Merchants' National Bank of Providence, R.
I.,
in its statement for June 18, shows deposits of $4,060,620,
comparing with $3,839,445 on April 6 last and $3,975,701
—
The subject of uniform bills of lading, discussed by
William Ingle, Cashier of the Merchants' National Bank of
Baltimore, under the title of "The Questionable Value as
Collateral of 'Order' Bills of Lading," was one of the principal topics on the program at the convention of the Maryland Bankers' Association, which opened at Ocean City on
Mr. Ingle spoke at length on the matter,
the 19th inst.
pointing out the defects of the present methods. In suggesting a remedy he stated that "uniform State legislation would
be most helpful, but most difficult to secure, for the reason
that in many sections the use of the bill of lading has not,
under present conditions, become common enough to enlist
much attention, while in other directions attempts would
be made to cover local conditions to the prejudice of the
larger matters.
By far the greater value in such bills,"
he said, "pertains to inter-State commerce," and he contends that the only way in which to obtain practical results
is through the enactment of a Federal law applying alike
to the entire country.
"Such a law," he added, "to be effective must be framed upon lines to be suggested by its proposed beneficiaries, the shippers and the banks upon which
they depend." A resolution in which the American Bankers' Association was urged to devise a plan for a uniform
bill of lading was adopted by the Association.
B. Howell
Griswold Jr., of Alexander Brown & Sons of Baltimore,
gave an extended discussion of "The Torrens Land System"
at the convention; Prof. George E. Allen, of the New York
University, spoke on "Financial Education," and John V. L.
Findlay, of Baltimore, devoted his remarks to "Greater
Baltimore."
on April 24 1905. The bank, which was established in 1818
and became a national institution in 1865, has a capital of
The surplus and profits, now amounting to
$1,000,000.
$619,819, have increased from $584,798 since the April call
It is reported that the Cleveland Trust Company of
of the Comptroller of the Currency.
The management con- Cleveland, Ohio, has secured a controlling interest in the
sists of Royal C. Taft, President; Samuel R. Dorrance, VicePioneer Savings <fe Trust Company of Painesville, capital
President; Moses J. Barber, Cashier, and Frank A. Greene,
—
$50,000.
Assistant Cashier.
— The
anniversary of the Manufacturers' & Traders' National Bank of Buffalo occurred on Tuesday, the 26th
inst., and was marked by the distribution to the stockholders
of a dividend of 20% in addition to the regular quarterly
dividend of 3%. Organized as the Manufacturers' &
Traders' Bank, with $200,000 capital, articles of association
were filed on June 26 1856. Shortly after the capital was
increa.sed to $500,000, and subsequently the amoimt became $900,000; in March of 1902 the capital was raised to the
present figure of $1,000,000, and at about the same time the
bank was converted to the national system. In May of 1902
the Merchants' National Bank of BuCfalo.
it absorbed
fiftieth
— The proposed Citizens' Savings Bank
& Trust Company
under the management of Henry
Rentschler, President; Allen Andrews, Vice-President; W.
G. Huber, Secretary; G. A. Rentschler, Treasurer, and
The institution is to have
Charles I. Anderson, Cashier.
of
Hamilton, Ohio,
is
to be
a capital of $100,000.
—^H.
M. Mcrriam has become Cashier
of
the
Illinois
Bank of Springfield, 111., succeeding B. R. Hieronymus, who has advanced to the vice-presidency. John IlartNational
mann
—
replaces Mr.
Merriam as Cashier.
The Englewood State Bank of Chicago, whicii commenced business on November 4, 1905, taking over the pri-
THE CHRONICLE.
1476
vato banking business of C. H. Vehmeyor, has declared a
dividend of 1}4%, payable July 1.
The direelois have
also voted to transfer to surplus on July 1 the sum of
$10,000, increasing that item to $20,000.
The bank has a
first
capital of $200,000,
and undivided
profits of $5,000.
— At the convention of the Minnesota Bankers' Association,
held at Lake Minnctonka on the 20th and 21st inst.,.a resolution was adopted favoring the enactment of a law compelling
all private banks to incorpoiate as either State or national
President E. S. Lacey of the Bankers' National
Bank of Chicago and ex-Comptroller of the Currency was
among the speakers at the meeting. There was also a debate
between the Minneapolis and St. Paul chapters of the Ameriinstitutions.
can Institute of Bank Clerks, in which the Minneapolis
Chapter was the successful contestant. The retiring Secretary, Joseph Chapman Jr. (Cashier of the Northwestern
National
Bank
of Minneapolis),
who had
held the office since
1899, and had declined re-election because of the demands
upon his time as a member of the executive council of the
American Bankers' Association and as a trustee of the American Institute of Bank Clerks, was presented with a silver
loving-cup, the presentation being made by the new President, W. E. Lee of Long Prairie, in behalf of the bankers of
the State.
Ernest C. Brown. Assistant Cashier of the First
National Bank of Minneapolis, has succeeded Mr. Chapman
as Secretary of the association.
— The
Burnes National Bank of
St. Joseph, Mo., which
business within the present year, already has
deposits of over a million dollars, its statement of June 18
reporting total deposits $1,404,888, of which $50,000 repre-
commenced
The aggregate resources are
paid in, is $200,000, and there are
sents United States deposits.
$1,713,275.
The
capital,
undivided profits of $8,390. L. C. Burnes is President;
James H. McCord, J. A. Johnston and James N. Burnes are
Vice-Presidents, and George A. Nelson is Cashier.
—
James B. Brown has been elected Cashier of the First
National Bank of Louisville, Ky., to succeed J. B. Lewman,
who resigned to become identified with the Columbia
Finance & Trust Company.
—
The capital of the First National Bank of Richmond,
Va., will be increased from $600,000 to $1,000,000 by the
issuance of 4,000 new shares, which will be disposed of to
—
the present shareholders at par $100.
The stockholders
-mil meet on July 26 to vote on the proposition.
—
The payment of the final 10% due the depositors of the
defunct Merchants' Trust Company of Memphis, Tenn., has
been authorized. This dividend brings the total amount
returned to the depositors up to the full 100%, and besides
this the stockholders,
their holdings.
it is
said, will receive
about
The company suspended on Dec. 27
40%
M EXT MAY
DEBT STATE
31 1906.
following statement. of the pubhc debt and Treasury
cash holdings of the I'nited States are made up from official
figures issued May 31 1900.
For statement of April 30 1900
see insuc of May 19 1900. jxiye 1134; that of May 31 1905,
see June 24 1905, page 2001.
The
•<
INTEREST-BEARIXG DEBT MAY
31 1906.
Amount.
JntercU
payable.
—
Title 0/ Loan
2s. Consols of 1930
J.
3s, Loan of 1908-18
Q.—V.
4s, Kunded loan. 1907. ..Q.
J.
48. Kefund'K certineates.Q.— J.
4s, Loan of 1925
Q. V.
Q.—
—
Amount
iss-uitl.
Registered.
S
S
198,792.fill0
I
$
7.593,550 595,942.350
33,393.980 30,551.480 63.945, 4ti0
83.480,700 33.274.450 116,755,150
26.290
93.324.400 25,165.500 118.489.900
740.'J.«,000
40,012.750
162,315.400
Aggregate Int. -Rearing Debt -1.737,996. 160 798,547,880 96,584,980 895.159.150
Note.
Denominations of bonds are:
Of SIO, only refunding ccrtillcates; of S20, loan of 190 i, coupon and registered.
Of 850. all issues except .'{s of 1908; of $100. all issues.
Of $500, all except 5s of 1<J04 coupon; of SI, 000. all issues.
Of $5,000. all registered 28. 3s and 4s; of $10,000, all registered bonds.
Of $20,000, registered 4s, loan of 1907; of $50,000, registered 2s of 1930.
—
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Debt on which
interest has ceased
May
April 30.
1-unded loan of 1891, continued at 2%, called May 18
1900, interest ceased Augu.st 18 1900
Funded loan of 1891, matured September 2 1891
Lo:ui of 1904, matured February 2 1904
Olddcbt matured prior to Jan. 1 1801 and later
$40,200
26 700
135.100
937,145
00
31.
$40,200
26.600
131.100
937,145
00
00
26
00
00
00
26
31,135,045 26
$1,139,145 26
DEBT BEARING NO INTEREST.
United States notes
Old demand notes
$346,681,016 00
53.282 50
—
National bank notes redemption account
__
Fractional currency, less $8,375,934 estimated as lost or destroyed-
Aggregate debt bearing no interest
42,445-,616
—
$396,045,873 58
Increase
Maj/311906.
Classification of Debt
Interest-bearing debt
Debt, interest ceased
Debt bearing no interest
(
+
)
—
^pr!7 30 1906.
or Decrease (
)
$895,159,160 00
—$10 00
1,139,145 26
—4,100 00
395,241,166 58
-1-804.707 00
$895,159.150 00
1,135,045 26
396,045,873 58
Total gross debt
$1,292,340,068 84 $1,291,539,471 84
in Treasury. a..
310,385,376 00
307,126,224 62
Cash balance
Total net debt
00
6,865,959 08
.
RECAPITULATION.
$981,954,692 84
-I- $800,597 00
-1-3,259,15138
$984,413,247 22 —82,458,554 38
a Including $150,000,000 reserve fund.
The foregoing figures .show a gross debt on May 31 1906
of $1,292,340,068 84 and a net debt (gross debt less net cash
in the Treasury) of $981,954,692 84.
TREASURY CASH AND DEMAND LIABILITIES.—
The cash holdings
of the Government as the items stood
31 are set out in the following:
ASSETS.
LIABILITIES.
Trust Fund Holdings.
Trust Fund Liabilities.
$
%
May
t
'
I
Gold coin
557,599.869 OOl Gold ceniftcates
474,640,000 00 (Silver certificates
7,504,000 001 Treasury notes of 1890..
Silver dollars
Silver dollars of 1890---
557,599,869 00
474,640.000 00
7.504.000 00
Total trust fund
Total trust liabilities. 1 ,039.743,869 00
1 039,743,869 001
General Fund HoldingsGen. Fund Liabilities
Gold coin and bullion
National Bank 5% fund75,894 ,627
20,443,028 48
Gold certificates
Outstanding checks and
43,796, 080
—
.
Silver certificatesSilver dollars
Silver bullion
United States notes
Treasury notes of 1890.
4,976, 414
7,482, 730
1,657 ,511
11,128, 123
Fractional silver coin
Fractional currency
Minor coin
Bonds and interest paid.
10,322,463 52
draitts
Disbursing officers' balances
Post Office Department
account
Miscellaneous items
26, 782
13,869 ,358
7,045 ,873
126
.
National bank notes
Total gen'l liabilities..
59,567.884 66
10,708,953 53
2,099,031 19
103,141,361 38
575, 825
217, 094
Tot. in Sub-Treas'ies. 166,673,544 821
In Nat. Bank Depositaries
Credit Treasurer of U. S.
83,008,351 73|
Credit U.S. dis.ofllcers.
9,526,403 45|
/
I
Total in banks..
92,534,755 181
In Treas. of Philippine Islands
Cash Balance and Reserve
Credit Treasurer of U..S.
1.9.33,653 291
Credit U. S. dis. officers2,384,784 09ITotaI cash and reserve-. 310,385,376 00
last.
bian Banking & Trust Company of Charleston, S. C, have
been authorized to pay to the creditors of the institution a
The concern, which had a capital of
dividend of 25%.
$50,000, made an assignment in February.
Oul.standing
Total.
Coupon.
.595.942,350 588,348,800
—
I
of
—E. W. Hughes and B. A. Hagood, receivers of the Colum-
— The
[Vol. LxxxiL
Made up
1
4,318,437 38| Available ---
Total in Philippines--
—
Reserve Fund Holdings
Gold coin .and bullion-.-
Grand
total
of
1
I
160.385,376 00
and
Reser^'e
Fund
150,000,000 001 Gold&bull. 150,000,000 00
1,453,270,606 38|
Grand
total
.1,453,270,606 3S
pt0nctarii(l®0mmcrcml^ugUsTxgcxus
Exchange National Bank, recently organized in
Montgomery to take over the commercial accounts of the
[From our own Correspondent.]
Union Bank & Trust Company, is to begin operations July 1.
London, Saturday, June 16 1906.
With the opening of the new bank the trust company will
Business has continued throughout the week as inactive
confine itself solely to a savings bank and trust business.
as it has been for a month or more now, and according to
The Exchange National has a capital of $300,000 and surplus
all present appearances it is likely to continue inactive for
of $75,000, and will be under the management of Michael
some time yet. Nevertheless there has been a new issue
Cody, President; Joseph Norwood, Vice-President, and
this week of Irish land .stock, amounting to seven millions
All of these officials hold similar
Sylvain Baum, Cashier.
It has been applied for nine or ten times over and
sterling.
While President Cody
offices in the Union Bank & Trust.
has surprised everybody by the greatness of its success.
will be the presiding officer in both institutions, Messrs.
The stock, it is true, is very attractive. Being guaranteed
Norwood and Baum, it is expected, will be identified only
by the Imperial Government, it has the same security as
with the bank.
consols, and though it bears interest at 2%%. it is is.sued at
The officials of the American Exchange National Bank so low a price that practically it gives the applicant 3% on his
of Dallas, Texas, are the incorporators of a new Dallas money.
It is not surprising, therefore, that it has been a
institution, to be organized as the Commercial Bank & Trust marked success.
Company, with a capital of $150,000.
Moreover, the Bank of England is rapidly gaining strength.
In
the week ended Wednesdaj^ night its reserve increased
Wash.,
Bank
of
Seattle,
American
Scandinavian
The
And yesover a million and a half sterling.
is completing arrangements for the opening of a branch at by somewhat
Tacoma. George H. Tarbell will have charge of the Tacoma terday the India Council set free £945.000 which had been
The bank has for some time past operated a branch "earmarked" to its account in the Bank of England. This
office.
sum will now be added to the Bank of England's reserve.
at Ballard, Wash.
—
—
June
THE CHRONICLE.
30 1906.]
1477
The rates for money have been
more than a week by 2J^ millions
June 15.
As there is no foreign competition for the gold Bank of Enfcland rate
4
Market
rates—
Open
Bank
is
likely
to go on addoffering in the open market, the
Bank bills— 3 months..
—
ing to its reserve, and therefore in fa very short time the
— 46 months..
months..
Trade bills — 3 months..
reserve will be quite equal to what it was at this time last
— 4 months. 3M(
3M( S4
Interest allowed Jot depositsIf the Bank can go on buying all the gold that offers
year.
By joint-stock banks
2H
By discount liouses:
in the open market until the end of July or the beginning of
At call-.
2H
raising
it
in very little
as follows:
May
sterling.
25,
4
7 to 14 days
3
August, its reserve will be so large that the business public
The Bank rates of discount and open market rates at the
can look forward to the pecuniary demands of the autumn
chief Continental cities have been as follows:
with an untroubled mind.
June 16.
June 9.
June 2
May 26.
The success of the Irish land stock issue and the imRates of
Bank
Open Bank
Opeti Bank
Open
bank Open
proved position of the Bank of England would undoubtedly
Interest at—
Rate. Market. Rate. Market. Rate. Market. Rate. Market
3
2k
3
3
234
2H
have had a very stimulating influence upon the stock mar- Paris
Berlin...
4}4
3j|
434
3H
4H 334
3'A
4!^
3%
4V|
kets were it not for unfavorable reports respecting the grow- Hamburg
434
ZH
434
3%
3H
Fnanktort
414 3 9-16
4^ 334
434 3 7-16
4J4 4 1-16
ing crops telegraphed from New York and the fall in securi- Amsterdam
414
ZH
4i4
3H
4H 3H
4H 3H
Z%
33^
3%
334
334
3H 3)1
Another Brussels
3)|
ties that took place in the Stock Exchange there.
Vienna
4
4
ZVs
434
434 4 1-18
3K
3J|
disturbing influence was the very sharp fall in Russian bonds, St. Petersburg
nom.
lyi nom.
nom.
7 V^
734 nom.
Madrid
4
4
434
4
4
4J^
434
4H
At one time on Thursday Copenhagen
especially in the four per cents.
5
43-2
5
434
5
o
4}^
4H
the fours fell, both in Paris and St. Petersburg, to 72. The
Messrs. Pixley & Abell write as follows under date of
The first is that the new Russian
causes of this fall are two.
loan, which bears interest at the rate of 5%, was issued at June 14:
GOLD. — There was a small inquiry for Paris at the beginning of the week btlThe wlth
89, giving the applicant about 5J4% upon his money.
this exception the Bank o£ England has secured all arrivals, amounting to£527,.
four per cents, in consequence, appeared entirely too high. 000. There have been withdrawals of £127.000 for Argentina and West Indies;
the week: Arrivals— Cape, £469,000; Australia, £ 139,000; New Zealand, £4,000t
For
They have been gradually declining in value since. This West Africa. £3,000; total, £615,000. Shipments— Bombay, £18.500: Chittagong.
£1,000; total, £20,000. For month o( May: Arrivals— Germany,
week there has been a very sharp fall, bringing them down to £500: Calcutta,
£77 000; Holland, £174,000: France, £19,000: West .\frica, £119.000; U. S. A.,
about the parity of the lives. The sharp fall this week was £5
Ship000: South America. £42,000; South Africa, £2,815,000: India, £200,000.
ments—Germany. £2.000: Holland, £16,000; France, £07,000: U. S. A., £2,696,000:
the result also of heavy selling on German account, both in South
America, £456,000; South Africa, £10,000; India, £517,000.
Money is very scarce and dear
Paris and in St. Petersburg.
SILVER. — There was a small improvement in silver on some Indian buying orfor Ks. 20,000; but with no outside competiin Berlin.
Everybody anticipates that at the end of this ders and the news of a French tenderand
to-day quote 29 ll-16d. for cash, with tortion we have since weakened again
month there will be a scramble for money. Usually the close ward ^sd. under. Price in India Rs. 75?^
For the week:
for August settlement.
Shipments—
Bombay, £100,200; Colombo, £1,000:
New
York
£211.000.
.Arrivals—
attended
by
a
certain
strinof the first half of the year is
total
£161 200. For month of May: Arrivals- Germ.any. £102,000; France,
gency. This year, whether rightly or wrongly, the strin- £18 000: IT. S. A.. £1,386,000. Shipments— Russia, £13,000; Germany, £16,000;
gency is expected to be very severe. Consequently, it is France, £,50.000: India, £1,474,000.
MEXICAN DOLLARS. — There is no business to report in these coin. Arrivals
said that Germans who are looking ahead have been selling New York. £14,000. Shipments— Bombay. £89.800.
Russian fours on a very large scale to get command of capiThe quotations for bullion are reported as follows:
tal.
Nevertheless the sharp fall did make people uneasy all
SILVER.
June 14. June 7,
GOLD.
June 14 June 7.)
over the Continent, and the uneasy feeling on the Continent
d.
London Standard
d.
London Standard.
s. d.
s. d.
29 11-16 29%
Bar silver, fine, oz
Bar gold, fine, oz
77 9
77 9
checked business in London.
" 2mo.delivery, OZ.29 5-16
2934
gold, oz
76 4
70 4
'
.
I
One other cause of the inactivity in London is the report
that the French Government is about to issue a loan for 20
millions sterling.
That the French Government will borrow
is almost certain, for the expenditure largely exceeds the
revenue and in some shape or other the deficit must be covered; but nobody knows when the borrowing will take place
nor how large it will be. In Paris and Berlin business has
been nearly as slack as in London. In St. Petersburg the
week has been agitated, the heavy fall in the four per cents
causing alarm.
The general expectation is that money now will become
comparatively easy. That it will not be very easy is reasonably certain, because trade in the manufacturing districts
is very active and the demands of trade are taking money in
large amounts from London, and because, secondly, there is
so much foreign money, particularly Japanese and French,
employed in London at present that if rates were allowed to
fall much there would be a danger that gold would be withdrawn and that rates then would be sent up with a bound.
In all reasonable probability, then, rates will not be allowed
to fall unduly. But there are good grounds for expecting,
as stated above, that the Bank of England's reserve will now
steadily increase, that it will reach the level of last year in a
few weeks, and that before long it will become so large that
the fears now entertained respecting gold shipments in the
autumn will disappear. In Paris money continues as plentiful as ever, and it is not thought likely that even if the
French Government borrows 20 millions sterling soon any
gold will be withdrawn from London. In Berlin money, as
already said, is exceedingly dear and scarce and is likely to
become more so as the month draws to a close. But Germany is indebted to the rest of tht; world and it is doubted
Very much whether she can take gold from London. Still,
if there were to be serious stringency, doubtless the great
banks could borrow here and thereby could obtain the gold
needed. In any case, the Imperial Bank of Germany has
it in its power to issue notes to any extent it pleases by paying 5% upon all notes exceeding the gold held and the authorized circulation.
The India Council offered for tender on Wednesday 30 lacs
of drafts and the applications amounted to 313 lacs at prices
ranging from Is. 3 31-32d. to Is. 4 l-16d. per rupee. Applicants for bills at Is. 4d. and for telegraphic transfers at
Is. 4 l-32d. per rupee were allotted about 9% of the amoimt.s
applied for.
The following return shows the position of the Bank of
England the Bank rate of discount, the price of consols, & C.
compared with the last four years:
,
,
1906.
June
13.
£
Clrrulation...
Public deposits
28.633,740
9,050,109
42.741,004
Other (loposita
Governm't securities 1.5,977,133
Other SPCurltlOH
29.125,443
Reserve, notes&coln 24,584,180
Coln&bull..both<lep 34.767,926
Prop, reserve to 11ahlUtles
p.e.
47?^
Bank
1905.
June
£
14.
15.
£
28.961,800
13,037.780
41,063,584
16.171,319
28,118,819
27,605,861
38,117.661
50
1904.
June
1.5-10
1903.
17.
June
£
28,047,830
8,197,094
28,771,165
11,003,102
39,599.7.'50
39, 255. .530
16,687,800
24,091.617
24.846,247
34,444,077
15,073.219
2G,294.GS1
26,803.408
37.419,573
5VA
^V4
1902
June
£
1
8.
U.
S.
German
gold coin, oz.. 76
76
76
French gold coin, oz
Japanese yen, oz
I
Cake .silver, oz..
Mexican dollars
32 1-16
nom
Imports ot wheat, cwt
Barley
Oats
Peas
17,9.35,600
11.205,900
1,353,805
Beans
540,5.30
Indiancorn
Flour
35,383,300
11,728,600
1904-05.
80,759,100
18.627,800
11,771,200
1,708,752
1,312,120
33,226,300
9,137,620
nom.
Supplies available for consumption
on September
(exclusive of stock
1):
1903-04.
70,906.136
16,540,743
15,720,383
1902-03.
63,604,415
15,318,660
20.905.666
107.001,416 102,939,446 103,167,262
31s. 4d.
26s. 6d.
30s. 3d.
30s. 5d.
28s. 6d.
27s. Id.
99,848,741
27s. 8d.
1905-06.
...68,357.490
11,728,600
26.915,320
Wheat imported, cwt
Imports of flour
Sales of
1902-03.
63,604,415
21,560.052
11,855,058
1.591,292
1,273,169
31,171,800
15,338,660
1903-04.
70,906,136
27,135,126
12,252,994
1.950,530
1,930,638
37,892.767
16,540.743
home-grown
Total
Averagepriceof whe.at, week
Average price, season
1904-05.
80.759.100
9,137,620
13,042.726
The following shows the quantities
maize afloat to the LTnited Kingdom:
This week.
Wheat
qrs. 3,590,000
qrs.
235,000
qrs. 1,065,000
Flour, equal to
Maize
Last week.
3,590,000"
190,000
1,090.000
English Financial Markets
25s. lOd.
of wheat, flour
and
1903-04.
4,125,000
150,000
680,000
1904-05.
2,760,(X>0
120.000
790.000
— Per Cable.
closing quotations for securities, itc, at London
as reported by cable haA^e been as follows the past week:
The daily
London.
Sat.
Week ending June 29.
d. .30 3-16
Silver.peroz
Consols, new, 2'^ per cents.. 88 5-16
For account
88?-^
French Rentes (in Paris) fr.. 97.15
125'8
SAnaconda Mining Co
Atch. Topeka& Santa Fe... 9214
Preferred
105)^
Baltimore & Ohio...
122
Preferred
96)4
Canadian Pacific
166)|
Ches-apeake & Ohio
61
Chicago Great Western
18
Chicago Mil w. & St. Paul... 185
Denver & Rio Grande, com. 45
Preferred.9114
Erie, common
44?i
First preferred
81)4
Second preferred
72
Illinois Central
184>$
Louisville A Nashvile
150)i
Mexican Central
22J4
Mo. Kans.is & Texas, com.. 35
70"4
Preferred
of
Mexico
National RR.
38)4
N. Y. Central & Hudson
141?*
N. Y. Ontario <t Western.. 51
Norfolk <fe Western, com... 92?
Preferred
9434
212
Northern Pacific
oPennsvlvanIa
aReadihg Co
6T5i;
14,193 .151
27.014 ,330
Southern Pacific
Southern Ry., com
20.388, ,829
37,992, 0,59
Union
68)4
48
49]4
25)4
7151
38
102
153"k
97'4
.39K
oFirst preferred.
Preferred...
Piiciflc,
com
Preferred..
U.S. Steel Corp..
Preferred
com
'
107!-i
Wabash
20)4
47)4
80)i
Preferred
Debenture "Bs"
Mon.
.30
1-16
88 1-16
883^8
97.00
1234
91j|
10534
121)^
96)^
165)1
59M
1714
1,S3
43)^
91
4354
81
7l}4
183)^
14834
22)^
35
70
37)^
141
50]4
91)4
94)ij
210
66>^
67
47?i
49H
24«4
70
3734
102
15rs
97'4
37H
lOO^'
20ii
47
86
Wed.
Thurs.
Fri.
Tues.
30 1-16 301.16 30.3-16 30 3-16
88 3-16 87 15-16 87 15-16
S7^i
87 13-16 88M
88
87 15-18
98.5734
96.7734 96.90
12
123-12
11?<
\2li
91)1
92)4
91H
9\H
106
10514
10534
c\03H
120
121)^
12134
12VA
95
96
95
95
164'4
165
164H
165?i
60
5SH
59M
58H
17
l~H
i"H
173?
182
179
177)1
182)^
44
42)i
42J<
43H
91i4
91
C88)^
87)i
42
43
43?ij
43H
81
81
81
SOH
"1
'0)4
71!4
.
71)^
182
183
183
ISOH
146
14734
148)i
147)f
22
22)4
22)4
21)^
34
33)4
33)4 •'
325i
68
69)4
67)^
67H 39
•<
39
39
37H
139
140
•!
141
140)|
' 'i
4S"^
49)5
49 )i
50
90»8
91)4
91)^
90%; -5
94)4
95
94)^
94)|
209
209
ZOeHr*]
67)^^
66)i
66H •'
66J^
64)i *'J
66H
64)|
.65^
47)^
45)4
47)4
47)|J
49
49
49
46)4
25
24?<
24ji
r<9U
71
M'/i
69H
37
36
35 rs
3054
102)4
102
102
102)^
151ti
149)4
147'^
148M
97)4
97)^
97W
97H
36W
38
37)i
36H
105
104W
]05»J
106)i
19W
20
20
20H
45
4714
46^
46Ji
85)4
S4H -i 85
85)i
!
•
June 18.
32)i
IMPORTS
1905-06.
68,357,490
Forty-one weeks.
aSecond preferred
Rock Islam! Co
rate
p. c.
4
a3
3
24
3
Consols, 2'A p. c...
911-10
8854
90%
90 .3-10
96 9-16
Silver
29%d.
27 1-16(1.
24,5-16(1.
24.5-16(1.
25^Sd.
Clear .-house returns 202.547,000 167,465,000 209,183,000 222,388.000 233,596,000
76 4
76 4
76 4
The following shows the imports of cereal produce into
the United Kingdom during the season to date compared
with previous seasons:
29.378. 830
10,985, 906
38.063, ,,578
b2Ji
4
4
4
o Price per share.
6£
sterline.
cEx-divlderd.
•
•
•
•
-I
-T-'-r-'-!
•.]
THE CHRONICLE.
14T8
^omvxcvcinX miA W^isc^Wnncons'^txos
NATIONAL BANKS.— The
garding national banks
following
infoinmtion
re-
from the Treasury Department:
is
APrLICATIONS TO CONVERT INTO NATIONAL BANKS
Bank of Williston." Capital, $50,000.
Bank & Trust Company of Dickson, Tenne.s.see,
Bank of Dickson." Capital,
Citizens' National
National
Correspondent,
W.
into
"The
$25,000.
Milwaukee
Duluth
"The
First
National Bank of Windsor." (Post-Office New Windsor,
Colorado.) Capital, $30,000.
The Farmers & Merchants' Bank of Hooker, Oklahoma, into "The First
National Bank of Hooker." Capital, $25,000.
The Bank of Wessington, South Dakota, into "The First National Bank
of Wessington."
Capital, $25,000.
The Ricliland County State Bank of Abercrombie, North Dakota, into
"The First National Bank of Abercrombie." Capital, $25,000.
Same wk.
Same wk.
DIVIDENDS.
Per
When
Cent.
Payable
IM
2H
IH
3
2H
5
2%
.
Lehigh Valley, common
Preferred
New York Ontario & Western, common.
Norfolk & W'estern, adj pref
Northern RR. of New Hampshire (quar.)
Norwich & Worcester, pref. (quar.)
Oregon RR. & Navigation, pref
Richmond Fred. & Pot., com. &div. obi.
.
Texas Central, common (annual)
Preferred. _
Vermont Valley
Worcester Nashua
&
Rochester
Street Railways.
Canton- Akron Ry pref
Charleston Cons. Ry Gas & Electric
Citizens' Electric (Newburyport, Mass.).
City Ry (Dayton), com. (quar.)
1
Total receipts of flour and grain at the seaboard ports for
the week ended June 23 1906 follow:
FUmr,
—
Receipts at
Days
July
July
July
July
July
2
5
2
2
Aug.
June 27 to
June 27
to
July
July
2
Holders
July 4
July 17
July
1
Holders
Holders
July 21
Holders
Holders
June
5
July
July
2
July
S4.50 July
July
6
2H July
July
5
July
3
1^
1
Aug.
Holyoke (Mass.) Street..
1J4
4
July
July
July
July
July
July
July
July
July
July
July 17
Holders
JvUy 11
Holders
Holders
June 26
Holders
June 29
June 28
June 24
Holders
July
July
July
July
July
June 27
June 27
June 29
Preferred (quar .)
Columbus Ry. & Light Co. _
3
IH
2H
IH
IH
1
Lincoln (Neb.) Traction, pref
Manchester (N.H.) Tr. Lt. & P. (quar.).
Extra
Nashville Ry. & Light, pref
St Charles Street (New Orleans)
Syracuse Rapid Transit, pref. (quar.)
Tri-City Ry .& Lt.(Davenport,Ia.)pf.(qu)
tJnitedRys., St. Louis, pref. (quar.)
United Traction (Pittsburgh), pref
.
2H
IH
2H
$3
IK
IH
IH
Broadway (Brooklyn)
.
7
6
,
National City (Brooklyn)
Trust Companies.
Flatbush (Brooklyn)
Long Isl. Loan & Trust (Bklyn.) (quar.)
7
3
July
July
Windsor
3
June
_
Miscellaneous.
Alabama Steel & Shipbuilding pf.(guar.)
American Pipe Manufacturing (quar.)..
American Screw (quar.)
Extra
American Seeding Machine, com. (quar.)
Preferred (quar.)
Anaconda Copper (quar.) (No.
23)
Associated Merchants, 1st pref. (quar.).
Extra (quar .)
Second preferred (quar.)
Extra (guar.)
Blis.s, E. W., common (quar.) (No. 55)..
Preferred (quar .)
Chicago Pneumatic Tool (quar.)
Distillers' Securities Corp. (quar.) (No.l5)
Duluth Edi.son Electric, pref. (quar.)
Great Western Cereal, pref. (quar.).
Inter. Button.Hole Sew.Mach (quar.)
Manufacturers' Light & Heat (quar.)
New York Mutual Gas Light
NewYork & New .lerscy Tclephono(quar)
Nova Scotia Steel & Coal. Ltd. .pf. (quar.)
Omaha
Electric Light
& Power,
pref
Osceola Mining
Reece Buttonhole Mach. (quar.) (No.Sl)
Stetson, John B. common
Preferred
Streets WesternStiible Car Line com.(qu)
Tamarack Mining
United Copper, common (quar.)..
Extra
United State.'; Mortgage & "Trust
Vulcan Detinnmg, pref. (quar.)
Preferred, extra ._
W'ells, Fargo & Co
: .
Westinghouse Machine (quar.)
.
.
July 19
Aug.
e
On
tnish.
601,500
61.115
Aug.
June
3
4
July
1
Total week
1905
of rec.
to
July 16
of rec. July 2a
of rec. July 2a
July
July
July
July
3
1^ July
July
$1,375 July
IH July
July
Vi
IH July
H July
2H July
2
July
July
1
July
1
1^ July
June
2
July
1
July
July
3
July
July
2
S2.50 Aug.
July
$6
July
2
July
10
July
4
July
July
$2
''^ July
July
June
10
IH July
Hb July
July
5
2H July
bills
By
July
1
July 2
July 10
July 10
1
1
to
July
T
Holders of rec. June 23
Holders of rec. June 28
June 28
to
July
2
Holders of rec. June 15
June 21
to
July
1
June 21
to
July
1
Holders of rec. June .30
Holders of rec. June 30
July 8
to
July 16
July 3
to
July 16
July 3
to
July 16
July 3
to
July 16
July 3
to
July 16
June 27
to
June 30
June 27
to
June 30
July 16
to
July 25
July
to
July 27
7
Holders of rec. June25a
June .'50
to
July
1
Holders of rec. July 5
201 Holders of rec. July
1
lOiJune 27
to
July 10
16 Holders of rec. July
5
14 Holders of rec. June 30
1 Holders of rec
July20a
27|julv
to
July 15
16 Holders of rec. July
5
14 (July
July 15
8
to
14 July
to
S
July 15
25 July 15
to
July 25
to
July 12
3
21 July
to
31 .luly 21
July 31
July 31
31 .lulv 21
to
30 Holders of i-ec. June 2.S
20 July 11
to
July 20
20!ju1v 11
to
July 20
16 Holders of rec July 14
10, July
to
July 10
1
—
Receipts oj
Flour
60 Amer. Exch. Nat. Bank.25(
.250
2 Fulton Tr. Co. of N. Y.^.32b
2 Lawyers' Mortgage Co
188 J^
3 U. S. Mortgage & Tr. Co. 450
GOiWashington, N. J., Mutual Teleph. Co. $4 50 per sli
"l'2',i25
570,398
435,001
877,914
1.664,908
1.071,724
986,049
65,175
124,361
'
1
1
Corn
Oats
New
Orleans for foreign ports
from Jan.
to
June 23 compare
1
1905.
4,909,089
1904.
8,334,887
1903
10.178.284
bush. 36,365,824
65,557,916
40,295.863
7,142,231
825,169
10.567.197
58,949,613
22.552,076
3,882,693
193.342
21,020,878
29,979,450
20,125,518
1,773,944
508.498
47,179,466
61,600,926
26,238,333
2,133,170
2,801.139
150.187,003
96,144,921
73,478,288
139,953,034
Barley
-.
The exports from the
several seaboard ports for the week
ending June 23 1906 are shown in the annexed statetment:
NewYork
Wheat,
pom—
Portland
Boston
Corn,
Flour.
bush.
bush.
bbls.
203,775
39,422
246,830
246,905
3,639
1,059
46.782
214
15.668
31,637
37,043
30,818
5,198
7,331
338,152
6'9',627
r5',335
22,650
1,712
4,850
Philadelphia
Baltimore
Norfolk
42',457
Newport News
New
Orleans
Montreal ...
Mobile
Total week
1905.
Peas,
bush.
4,854
Barley,
bush.
39.934
9,857
50
831,818
386,948 191,738
218,946 1,110,035 102,848
Same time
Rye.
bush.
Oats,
bush.
36,462
Galve.ston
8,571
2,376
375
264,378
62,150
303,641
253,466
8,571 111,941
8.288
The destination
July
1
1905
—W
Flour
4.854
3,002
StOClxS.
10 Westchester Trust Co. ..195
David Stevenson Brew. Co. 05
165 K. Bowline Green Tr. Co.242,'<;
100 Bklyn Union El.
Co.,
com
12?i
July
1
Since
1905.
bbls
since July 1 to
bbls
United Kingdom.. .136,086 5,877,322
Continent
27,225 2,353,242
So. and Cent. Amer. 11,167
722,480
West Indies
16,510 1,324,780
Brit. No. Am. Col's
750
139,584
Other countries
278,060
Total
Total 1904-05
191,73810,695,468
102,848 6,349,513
Week.
July
Since
Week.
1
June 23.
1905.
bush
bush
739.214 40.143.660
88.965 15,654,460
229.2.'>3
3,639
68,893
.
r.'
.'!.'.'
since
-Corn-
heat-
Since
4'2'2^659
June 23
July 1
1905
bush
bush
86,221 46,969,204
261,850 60,079.910
2.059
586,928
31,918 1,697,925
118,334
4,900
152,910
831,818 56,518,325
386.948 109,805,211
218.946 13.743.214 1.U0.035 82.205.556
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulat ion at lake and
seaboard ports June 23 1906, was as follows
Wheat,
Corn.
bush
Rye,
bush
20,000
Oats,
Barley,
bush.
fnish.
bu.^h.
427,000
161,000
379,000
1 ,0'4'7",666
'4"3'.666
11,000
66,000
38,000
66,000
372,000
8,000
682,000
5.000
476,000
103.000
5,000
02.000
194,000
52,000
152,000
233,000
364,000
l'2'5^666
2"3"7"666
146,000
'i'o',666
r6'9',666
164,000
1
9^666
Vuooo
,4'6'9',666
4'6'9'.666
7'4'6',656
5'8'5',660
i'9'6",666
2'5'5',666
'4'3"666
'o'o'OOO
"32^606
52,000
1,004,000
82,000
74.000
5.967,000
4.555,000
New York
39,000
afloat
Boston
Philadelphia
Bait imore
New Orleans
Galveston _ _
Montreal
Toronto
Buffalo
57,000
'
305^666
37,000
452.000
V,666
65,000
4"6'6',666
2'4"5'.600
afloat.
Toledo
afloat
Detroit
afloat
Chicago
—
2
afloat
_
afloat
Ft. William
1 .9'o'2',o66
3,
840,000
993,000
afloat
Minneapolis
St. Louis
..12 ,i'5'5',666
1
,026,000
afloat
Kansas City
Peoria
Indianapolis
Son:
week and
of these exports for the
as below:
is
Week
Exports for week and June 23.
1
On
On
On
s"6'2^666
6.000
23,000
._
Mississippi River
T.akes
4'r5^666
Canal and River
305,000
l.'^4
RR
3,310
1906.
7,832,166
bbls.
1
Board, were recently sold at auction:
Slocks
89', 601
Total receipts at ports
as follows for four years:
1
— Among other securities the following, not
&
247,249
22,650
1
account of deferred dividends.
Messrs. Adrian H. Muller
288,195
460
of lading.
Port .\rthur
rogularl}' dealt in at the
91,500
262,052
209.070
Duluth
Auction Sales.
50,000
June 21
June
June
2
1
June 30
Holders of rec. June 12
July
July
3
"4,566
975
1,876
i
Aug. 1
June 30
to
to
to
to
93.907
37,770
a Receipts do not include grain passing through
on through
Rye
Juiy'
July
'9'6",33i
149,594
87,512
1,712
Wheat
July 2
July 16
July 16
to
of rec.
to
to
to
of rec.
'7,266
3.399
31,808
bush.
6,000
Week
Exports
to
'
2,4.50
30.818
35,384
Milwaukee
a Transfer books not closed
bush.
310,175
3,534
Hye.
Barley,
bush.
51,600
1,450
Oats.
bush.
114,200
80,424
39.422
1
July 15
June 30
June 30
July 24
Holders of rec. June27o
July
to
July 9
1
Holders of rec. June 30
June 21
to
July
1
June 21
to
July
1
Holders of rec. June 30
Banks,
Brooklyn (Brooklyn)
Fourth National
Manhattan Co Bank of the
4
Corn,
Wheal.
bbls.
62 870
33,559
214
37,648
39.851
4 630
5il98
10,168
Total grain.
Consolidated Traction (Pittsburgh), com.
Detroit United Ry. (quar.)
.
New Orleans.a ...
Galveston
Norfolk
Montreal
Mobile
Inclusive.
of rec.
to
to
to
of rec.
of rec.
to
of rec.
of rec.
June 17
to
Not closed.
June 26
to
July 6
to
July 6
to
June 22
to.
June 21
to
Aug.
July
July
July
July
Richmond
Newport News
this week:
Books Closed.
July
July
July
July
July
July
July
. .
bush. AHlbs.bu
\
Since Aug. 1
1905-06.. 18,560,.354!21 1.600,761 175, 821, 743, 207, 778.863 73.262.651 7,430.494
1904-05.. 15,511,2611194,313.320 171.707,230 151,141,311 63,474,414 6.473.911
1903-04.. 17,776,079,207,883,665il59,908,C47 148,788,258 63,933.815 7,480,602
Portland
Philadelphia
Baltimore
The following dividends have been announced
Company.
Rye.
Barley.
lbs.
1,720,632
1.410,458
1,690.075
374,093,
319,463,
246,714i
'05
'04
Boston
of
32
.
New York
Railroads (Steam).
Buffalo & Susq.. com. (quar.) (No. 29)-.
Chattahoochee & Gulf
Chicago Burlington & Quincy (quar.)
t)elaware
Delaware Lackawanna & Western (quar)
I>es Moines & Ft. Dodge, pref, (ann.)
Georgia RR & Banking (quar .)
Oats.
lbs. bttsh.
Minneapolis.
Toledo
Detroit
Cleveland ..
St, Louis...
Peoria
Kansas City.
Tot.wk.'Oe
R. Boyte, Dickson, Tennessee.
of Northern Colorado, Windsor, Colorado, into
Name
56
Chlcago
Citizens
The Bank
Com.
Wheal.
Flour.
bbh.\mib.i.'biuih. 00 Ibs.^Mish.
The Farmers & Merchants' Bank of Stromsburg, Nebraska, into "The
First National Bank of Stromsburg."
Capital, $50,000.
The Citizens' State Bank of Williston, North Dakota, into "The Second
The
—
Breadstuffs Figures Brought from Page 112. The statements below are prepared by us from figures collected by
the New York Produce E.xchange.
The receipts at Western
lake and river ports for the week ending last Saturdaj^ and
since Aug. 1, for each of the la.^t three years, have been:
Receipts at-
ArPROVED.
[Vol. lkxxu.
Total
Total
Total
Total
Total
June
June
June
June
June
23
16
24
25
27
1906.-26.909,000
1900.-28,164.000
1905.-15,388,000
1904.-14,6,52,000
1903.. 17, 459,000
V
l.
1706,000
June
1479
THE CHRONICLE.
Ne-w York City, Boston and Philadelphia Banks. — Below
House Banks. —
30 1906.
Statement of New York City Clearing
The following statement shows the condition of the New
York City Clearing House banks for the week ending
It should be distinctly understood that as
items except capital and surplus the figures are
the averages of the daily results, not 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 aggregate of the amounts for the
several days of the week and divide this aggregate by the
June
to
is
a summary of the weekly returns of the Clearing House banks
of New York City, Boston and Philadelphia.
The New York
figures do not include results for non-member banks.
23.
We omit
two ciphers (00) in all these figures.
all
number
of davs.
We omit
two ciphers (00) in all cases.
Capital
Banks.
and
Loans
Specie.
Legals.
'
Deposits
&'
.
Surplus.
New York
May 26..
June
June
June
June
2..
9..
16-23-Boston.
June 2-.
June 9..
June 16..
June 23..
Clearings.
Circulation
.
e
£
S
S
1049,390.8 180,981.0 83.896.1 1032. 731. 8|49.834.9, 1.665.808,1
1051. 543. 2|183. 105.6 82,898.2! 1036.751. lUO. 739. 21 1.581. 568,9
1059.162,6 1871129,6 81,816.311047.135,4 48.931.411.732.598.8
1060.076.3 185.357,0 83. 761, 91 1048. 182. U48, 4.87. 4 1,769.246,0
1057.758,3 188,883,8 84,397,2;1049,472,3;48,471,i;i,766,033,7
260,709.1
266,709,1
266,709,1
266,709,1
266,709,1
42.936,0
42.936.0
42.930.0
42.936.0
177.676,0
175,994,0
177,050,0
181,217,0
49.860.0
49.860.0
49.860.0
49,860,0
216,018,01
13,800,0
14.521.0
17.435.0
17,725.0
202,218.01
201.676.01
207.679.0
207.315.0
5.450.0
5.413,0
5.481.0
5.381.0
131,464,9
151,948.5
154.974.7
142,860.7
7,529,0
7.545.0'
7.561.0
7,549.0
Phila.
Banks.
00s ornittul
of N. v..
Manhattan Oo.
Merchants'
Mechanics'
America
Piientx
City..
Chemical
Merchants' Ex_
Gallatin
Butch.
&Drov.
Mech.& Traders
Greenwich
American Exch
Commerce
Mercantile
Pacific
Chatham
People's
.-
North America-
Hanover
-
Irving
- .
Citizens' C^nt.
Nassau
Market
& Fult n
Metropolitan ._
Corn Exchange.
Oriental
Imp & Trader?
.
Park
East River
Fourth
Second
-..
7,,S70,8
430,3
2,274,4
150,3
390,4
604,2
4,724.2
12,923,7
4, .552,
676.4
1,006.9
453,1
1,979,4
7,397,8
1,118,8
746,4
335,2
1,416,1
662.1
3,578,3
1.154,4
6,858,9
7.468,4
122,3
3.002.9
1,638,9
17.487,1
901,4
776.2
835.1
577,3
5,490,1
1.789.5
778.2
904.7
1.539.8
1.310.5
.300,0
First
10,000,0
1,000.0
250.0
200.0
750.0
1,000,0
100,0
200.0
200,0
300,0
1,000.0
250,0
1.000.0
200.0
1,000.0
300,0
1.000.0
1,000,0
500.0
350.0
N. Y. Nat. Ex.
Bowery . -
N.Y. County..
German-Amer_
Chase
Fifth Avenue..
German Exch-.
Germania
Lincoln
Garfield
Fifth
Metropolis
West Side
Seaboard
Fir.stN.,Bklyn.
Liberty
N.Y. Prod. Ex
New Amster.
Astor
.
Specie.
$
18,247,0
23,795.0
11.475,4
19,869.0
21.867,4
6,471,0
158,599,4
25.606.0
5.725.0
8,170.7
2.575,8
6,419,0
5,135.8
28,155,9
137.803.7
21,640,6
3,294,7
5,725,5
2,103,7
15,484.5
49.364,0
8,019.0
18,582,3
3.503.3
7.335,8
9.607.2
34,747.0
9,540.2
$
2,850,0
2,699.0
1.417.7
3.544.1
4,072,3
303,3
19,720,3
$
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25.000.0
300.0
000,0
1.000.0
300.0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2.000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
2.000.0
2,000.0
750,0
1.500.0
3,000.0
250,0
3,000,0
Bank
Loans
Surplus.
Capital.
24, '200.0
71,162,0
1,253.0
18,248.3
10,246,0
87,566,8
9,000,3
3,550,0
4,906,8
3,704,2
51,498,9
9.516,6
3.290,5
4.689,4
12,970,8
7,677,3
3 022 6
11:705:3
4.407.0
14,779.0
4.599.0
10.278.3
6.230.3
5,729.0
4.663.0
440
1.684;6
SU.6
1.128.3
667.1
2.143.5
.533.4
618.2
663,7
Legals.
Deposits, a
S
2.799.0
4.933,0
2,585.0
S
1.772.0
2.244.0
1.031.2
3,138.0j 1.947.0
3,901.2 2,2,87,2
1,152.0
154.0
30.097.4 9.962.8
4,421.6 2.013.9
1,159,0
302.2
948.4
613.6
598.7
86.8
1,085,0
745.0
852,9
571.7
3,312,7 1.887.6
15,670,5 13.736,3
3,343.1 1,343,6
412,9
438,4
765,6
966.7
306,0
575.9
2,700,3 1,214,9
8,625.0 7.161.3
1.602,0
440,9
3,0:)8,0
1,5.86.0
363,1
956,3
2,073,9
6,649,0
1,820,5
3,882.0
19.571.0
248,9
2,364,1
815,0
17,607.3
1.934,3
521,0
981.6
670,2
13.100,5
2.133.2
195.0
498.7
1,469,4
1.931,8
445,5
733.1
270.9
4,211.0
370,1
1.492.0
3,028,0
142,1
2,840,0
1,875,0
2,272.8
.308.1
299.0
490.7
186.6
1,538.1
673.7
895.0
847.4
2,044,5
276,/
176 8
911:9
389,0
1.887.0
819.0
592.8
428.4
645.0
164.0
580 4
1.489:6
837.0
2.800.0
710.0
1.697.7
1.416.3
1.049.7
1.009.0
$
16,709.0
27.295.0
14.005.0
19.404.0
23.332.7
5,411,0
147,887.5
24.535.5
5.982.4
5.974.9
2.847.9
7.148.0
5.775.0
20.073.9
115,649,3
18.176.8
3.711.3
5.964.3
2.777.8
Rcsev:
%
27.3
26 2
25 .S
26.1
26.5
24.1
27 .0
26.2
24.4
•26.1
24.0
25.6
24.6
25.4
25.7
22.9
•29.0
31.7
25.9
25.6
21 .0
'24
6
24
25 .5
23.1
25.2
27.2
•26.5
25.8
25.7
26.4
26.0
20.5
25 .0
25.0
25 8
25 2
'23.6
25.0
27.1
24 7
20,6
25.5
27,1
'29.8
27.2
7.288.9 25.3
6.989.0 24.2
4.599.0 25.5
8, .398,
117.472.7 149,236,4 1057,758,3 188.883.8 84,397.2 1049,472,3 26.0
a
a Total United States deposits included. .515,489,700.
•statement cA
week
.June
eroding
23
1906,
the
the
based on average of daily
We omit
two ciphers (00) in all cases.
Sur-
Loans
and
Banks
00s omitted.
Capital.
plus.
Invest-
ments
Specie.
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
June 21 and for the week ending for general merchandise
June 22; also totals since beginning first week in January.
FOREIGN IMPORTS AT NEW YORK.
For week.
.
Deposit with
Clear-
Other
Bank
ing
Agent.
Banks
Notes.
I
General Merchandise
General Merchandise
Man.&Brx.
$
6..564.0
.326.0
5.211,2i
615.9
200.0
140,0
097.0
500.0
144.1
5.464.61
200,0
164.5 4,821.5'
500.0
580.4 4.671.5,
172.7
250.0
3.0,88. 8l
296.2 3..S26.3J
200.0
200.0
230.7 3.185.4'
100.0
294.1
3.704.0
100.0
107.3
1.798.4
100,0 1,324,5 I2.,534.0|
200.0
173,0 2.573.0I
100.0
149,9
1,829.9,
7.3I8.5!
750.0
703.1
16.4
61.3
195.5
313.9
190.3
303.6
98.9
346.4
209.2
186.0
160.5
141,1
90.0
355.5
419,6
100.0
200.0
100.0
100.0
300,0
Chelsea Ex..
Colonial
•Columbia
Consol. Nat. 1.000,0 1,079,8
Fidelity
14th Street. .
Jefferson
Mt. Morris-.
Mutual . - . -
19th Ward.Plaza
Riverside . State
12th Ward.-
23d Ward--.
Union Exch.
United Nat.. 1,000,0
1.S4.8
Yorkville .
Coal & I.Nat.
34th St. Nat.:
100,0
300,0
200,0
Batt.Pk.Nat.
200,01
.
$
930,3
1.223.6
S
32,9
56.4
24.4
304.3
279.0
56.6
S
Wash. H'g'ts
Borojtgh oj
353,5
266.5
206.6
108.8
.870.5
4.342.5!
13.5
31,7
67,3
,83.3
2.32.5
7.5
173.8
25.6
16.9
198,0
21,3
799,0
.33,0
68,2
361,3
273,4
1.779.4:
3.411.1:
4.192,01
8,35,0
1,'276.3
298,4
604.1
117,2
2.540.7
2.943.3
2.020.2
44,2
11,6
142,8
397,4
204,5
249,0
.38,2
122.81
399.0
$14,235,972
$10,513,531
$9,508,192
$79,176,641
287.628.577
$69,082,699
278,575,207
$59,002,876
232,399,019
S
89,0
50.6
77,2
'$366,805,218 $347, 657,906; $291, 401. 895 $293,835,428
EXPORTS FROM NEW YORK FOR THE WEEK.
For the week
..
Previously reported
—
Total 25 weeks
1906.
1905.
$ 12 687 068
294:235:846
$11,437,923
246.054.871
3.7
The following table shows the exports and imports of
specie at the port of New York for the week ending June 23
and since Jan. 1 1906, and for the corresponding periods in
1905 and 1904:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Week.
207.2
211.0
116.7'
1,108.0,
1,89.0;
153.8
180.3
55,7
298.6
186.0
147.5'
617.41
95.6
i
267,8,
587,81
126,51
70:4
1,140.1
1.139.3
5.148.3
6.970.0
26.1
6..333.
.501.5
Germany
Broadway
Brooklyn .
Mfrs' Nat
..j
200,0
150,0
- -
.300,0
Mechanics'
i
|
252,0
1. 000,0
I
7.50.0
.
Nassaii Nat
Nat. Citv-North Side.
.
SOO.O
100.0
Union
1,000.0
129.9
387.2
17.5.S
654.8 4.664.51
907.7 10.442, 2i
829.1
6.260.0
608.1
3.4,83.0
196.9
1,649,0,
1.039,5 11.177,0
1.82.6
210.8
71,2
134.7
753.5
4,84.0
1.30,0
291.0
20,7
119.3
615,0
307,0
165,0
204,3
248.3
591.7
1.154.9
1.148.0
532.0
40,7
1,182,0
4,.3,85,/
3.634.4
3. .886.4
3.<)l)9.5
.
Hud. Co, Nat
Third Nat--
-I
400.0 1,148.6
260.0
681.51
200,0
322,7.
4.365.9
2..'<44.4
1.573.6,
1^2
1
93,7
64,7
35S.8
80,3
92,8
26,5
39,8
- . -
Tot. .lune 23
Tot. June 16
Tot. Jun<' 9
1,5670,51144242. olio, 8.50.
115670,5 143388. 8 16.773.9
201,1
96,3!
$104. .387
482.957
128.248
$310
25'. 802
$47
7.138
66.403
$890,737
672.201
510.315
$75,535
76,956
11,476
3,903
10
82,478
383,135
677,025
41,100
1.947
$1,187,961
1,706,'225
456,414
Of the above imports for the week in 1906, $33,600 were
American silver coin. Of the
American gold coin and $
exports during the same time $11,000 were American gold
coin and $25,000 were American silver coin.
Auction Sales.
— See preceding page.
SlaulUaiQ
and Fiuuuclal.
TEAKSCONTINENTAL MAP
34,0
.323.9
179,3
894,9
101.3
240.7
Mailed upon request.
o:»4.5
,290.3
Spencer Trask
.111.0
107.0
;76S.7
,398,0
137.8
403.8
478,0
82,0
37.4
5.944.6
2.419.3
1.898.3
194.91
58.8|
171.1
77,9
2.825.5
1.469.4
1.5.389.8
$5,601,922
33,292,946
64.416.266
$864,935
Total 1906
Total 1905
Total 1904
In'vestmciit
itl
6..503.1 156,554,7
735.8 16.980.61 6.020.7 1.58004.6
,.865,6 114.911.5 6.152.9 1.55179.2
&
Q>,,
Bankern.
William and PinelSts.,
Moffat
New York.
& W^ h t e
i
,
embers New Voi-k 8toek Kxchnnire,
UANOVBB BANK BUILDING,
NASSAU 8TKMBT.
IDealertt In lnvo»tincnl Secitritleit.
OOntMIHHION ORDERC* CXfiCUTKi) FOR OAHll UML.Y,
6
1.5670,5 I44748,0l'6,916,5
8' 7.640.1
$11,000
403.800
112.247
489,1
209.0
218,4
858,0
2,2.55.6
$37,448
2.418
64.521
All other countries..
Hobokcn.
Second Nat
.-
Branch Oflace, Albany, N.Y.
.'.
$623,526
899.046
4.045.000
34.350
Mexico South America
1,32/.
Jersey City
.
$5,000
6,000
.
Germany
West Indies
1
.
Since Jan.
5.315.9
3,941.0
194,8 2.064,0
926,0 14,859,0
47.0 3,060,0
126.9 2,208,3
833.3 7,690,6
345.2
1,360,6
79,1
3,954,5
3.985.0
'24,6
Week.
Since Jan.
Great Britain
France
.
.
Imports.
Qold.
Silver
3.784.0
984.7
160.3
57.3
58.1
3.55.6
Custom House
comby adding
totals, also
piled by the Custom House, we shall from time to time adjust the totals
to or deducting from the amount "previously reported."
Total 1904
26.0
235.0
184.2
149.9
$9 819 285
241.142:324
$306,922,914 $257,492,794 $234,017,077 $250,961,609
— As the figures of exports as reported by the New York
from week to week frequently show divergence from the monthly
a
.
1903.
1904.
$8,605,653
225.411.424
Note.
TotU 1905
s
537,4
439.0
451.8
79.0
405.9
$66,803,190
227,032,238
of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 25 and from Jan. 1 to date:
Net
699.9
31.6
153.2
209.1
$10,073,41
The imports
I
lirnoklyii
First Nat
|
Total 25 weeks
<t-c.
247.0i
6,1
7.3
1903.
I
.1
Great Britain
France _
Century
First Nat
I
1
Dry Goods
Deposits.
0/
BonHiRh
'
Total
Since January
1904.
1905.
$2,602,655
11.633.317
Total 1906
N.Y. City.
Hamilton
1906.
Dry Goods
Mexico
South America
and
145.638.1
146.377,8
144.446.9
149.962.8
a Including for Boston and Philadelphia the item "due to other banks" and also
deposits.
For Boston these Government deposits amounted on June
23 to $2,581,000; on June 16 to $2,575,000; on June 9 to $2,569,000.
All other countries
Legal
Tender
255.003.0 14.024.0
252.344. 01 14.042.0
255.443,0:14,055,0
255.472.0 14.058.0i
Government
West Indies
results:
Boroughs
218.070.01
218.279,0,
Exports
—
Non-Member Banks. The following is
condition of the non-member banks for
of
64.277.0
61.045.0
62.560.0
61.936.0
217,542.0
'24.2
Totals
Reports
2-9..
16..
23--
•25.1
15..304.9 •25.5
58.244.9 27.1
7.873.0
18.256.2
3.843.9
6.860.7
0.731.5
42.528.0
9.481,6
21.276.0
82.860.0
1.464.6
20,102.3
10.468.0
75.105.0
8,796.9
3.996.0
5.877.6
3,535,0
58.512.1
10,871,8
4,322,9
5,634,2
14,009,0
8.121,1
3.052.8
11,617.3
4.803.0
17.255.0
5,130,0
June
June
June
June
THE CHRONICLE.
1486
Battlicrs^
7^]
For Dividtndt
see
(Six^jettje.
page 1478.
Wall Street, Friday Night, June 29 190G.
The Money Market and Financial Situation. The volunio
ul biit^iness at the JStock Exchange has been larger this week
than for some time past.
Over 1,200,000 shares were traded in on Thursday and
the average for the week is well above 1,100,000 shares and
—
much
This aclarger than usual at this season.
due to a desire to sell stocks, however, the
pressure having been almost continuously in that direction.
therefore
tivity is chiefly
General conditions have changed very little during the
week. The estimate of a well-known expert places the
winter-wheat crop as the largest on record and althougli it
is too early to form a close estimate of the spring-wheat crop,
there is no reason at present to suppose it will be below the
average. Other crops are reported in good condition, so that
the outlook from an agricultural standpoint is highlj^ promising.
The Bank
of England's weekly statement sliows a con,siderable increase of loans, which is doubtless a result of the
lower disocunt rate established last week, and a percentage
The local money
of reserve larger than usual at this season.
market is somewhat firmer, a condition incident to the
monthly and half-yearly settlement. At the same time
foreign exchange rates are easier and very close to the point
at which gold could be profitably imported.
The open market ratfs for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 2 to 6%. To-day's rates on call were 4i^@6%.
Prime commercial paper quoted at 5@.5J^% for endorsements and 5@b]/2% lor best single names.
[Vol. Lxxxii.
Tile market for railway bonds has been dull and weak, the
latter in sympathy with the stock market.
Only a few
issues could be classed as at all active.
These are ge^nerally
lower and include Steel 5s, Wabash debentures and Interborough-Metropoiitan 4i^s. The last two and a few le.?3
active issues are elown 2 points or more.
Delaware <fe
Hudson conv. 4s have been somewhat conspicuous, and
are also down 2 points.
Other changes are less important.
—
United States Bonds. Sales of Government bonds at the
Board include $1,500 2s reg.,1930,at 103i^ $1,000 3s reg.,
1908-18, at 103M, $1,000 4s coup., 1907, at 10434 and $13,500 4s coup., 1925, at 1295/g. The following are the daily
closing quotations; for yearly range see third page following.
2s, 1930
registered
2s, 19.30
...coupon
3s, 1908-1918
registered
3s, 1908-1918
coupon
3s, 1908-1918.. small coupon
4s,
4s,
4s,
4s,
1907
1907
1925
1925
* This
registered
-
Interest
June
June
June
June
Periods
23
25
26
27
Q— Jan
ei— Jan
Q— Feb
June
June
28
29
*103>^|*103>< 103H *10314 103!S
*104
*104
*103Ji 1*103 5i,*104
*103'A\*WVA*10ZH 103 5< *103!i
*103J4 *103K *103K *103Ji 10.- >i
*102>^ *102U *102H *102H 102H
*102% *102M *W2H *W2'A *102J|
*10354,*103M *103M *1035i 104K
*129U *129ii *129H *129K
*129H *129)4 129H *129H *129>3
*10314
*iO:iH
*103
(J— Feb *103
ej— Feb *102!^
CJ— Jan *102K
Q— Jan *103H
(i— Feb *129Ji
couponiQ— Feb :*129M
coupon
registered
Is
i
I
the price bid at the morning board; no sale
was made.
'
—
Railroad and Miscellaneous Stocks. The stock market
has again been more active, as noted above, and prices generally droppeel to a lower level.
As a result of continued
weakness a liquidating movement of considerable magnitude
set in on Thursday, which carried practically the entire list
down from 3 to 17 points. After the movement had spent
its force a general recovery took place, averaging about 2
points, but liquidation was resumed to-day with even more
pronounced effect in some cases, and many new low records
were made. Some of the high-priced issues were notably
weekly
statement
on
Thursday
The Bank of England
weak, including Great Northern, which declined 213^ points,
showed an increase in bullion of £394,350 and the percentage Northern Pacific, which lost 14 points, and St. Paul, Reaehng,
of reserve to liabilities was 47.44, against 49.04 last week.
Delaware & Hudson anel Interborough-Metropolitan, which
The discoimt rate remains unchanged at 33^%. The Bank lost about 10 points. On the other hand, Atchison, Baltiof France shows an increase of 500,000 francs in gold and more & Ohio, Canadian Pacific and Southern Pacific have
a decrease of 575,000 francs in silver.
been relatively strong.
NEW YORK CITY CLEARING-HOUSE BANKS.
The miscellaneous and industrial list presents no unusual
features.
Anaconda Mining declined over 17 points, but
Differences
was still well above the low May eiuotation, and partially re1906.
from
1905.
1904.
June 23.
previous week.
June 24.
June 25.
covered.
Amalgamated Copper and Colorado Fuel & Iron
showed a loss of about 8 points, from which they substan$
$
Capital
Surplus
--
Loans and discountsCirculation
Net deposits
Specie
Legal tenders
117.472,700
149,236,400
1,057,758,300
48,471,100
al,049,472,300
188.883.800
84,397,200
Reserve held
25%
of deposits-
Dec.
Dec.
Inc.
Inc.
Inc.
115,972,700
115,972,700
1.39,492,800
134,323.400
2,318,000 1,102,812,700 1,066,813,200
16,300
48,060,700
38,970,100
1,290,200 1,146,792,900 1,143,314,100
214,369,600
3,526,800
240,308,.300
635,300
87,423,300
83,912,900
273,281,000 Inc.
262,368,075 Inc.
4,162,100
322,550
301.792,900
286,698,225
324,281,200
285.828,525
10,912,925 Inc.
3,839,550
15,094.675
38,452,675
Surplus reserve
o $15,489,700 United States deposits included again.st $15,375,000 last week and
$12,643,400 the correspondins week ol 1905. With these United States deposits
eliminated, the surplus reserve would be $14,785,350 on June 23 and $10,917,125
on June 16.
Note. Returns of separate banks appear on the preceding page.
Consolielated Gas and New York Air
recovered.
Brake have held relatively steady. The United States Steel
issues, both common and preferred, made new low records for
tially
the year anel close near the lowest.
For daily volume of business see page 1490.
The following sales haA^e occurred this week of shares not
represented in our detailed list on the pages which follow:
Sales
STOCKS.
Week Ending June 29
Range
for
!
.
Week
—
Lowest.
Foreign Exchange,— The market was active and lower Alice Mining
Steel
this week, influenced by speculative selling, by offerings of Bethlehem
Preferred
sterling and franc loans and by an absence of support; the Can Pacific subscriptions
Cent. & So .\m Teleg...
tone was heavy at the close; gold engagements in London Chicago Burl & QuincyChic & East Ills pref
$510,000.
Comstock Tunnel
To-day's (Friday's) nominal rates for sterling exchange Detroit Sou pf tr rects-Beach
were 4 82i^@4 83 for si.xty day and 4 853^ @4 86 for sight. Manhattan
N Y Dock pref
To-day's (Friday's) actual rates for sterling exchange were Ontario Silver Mining
RR Securities Ills Cent
4 8190@4 82 for long, 4 8465@4 8475 for short and 4 85
stock trust certfs
Rome Water & Ogdensb@4 8510 for cables. Commercial on banks 4 8160@4 8170 St
Jos&GI Istpt
and documents for payment 4 81 @4 82. Cotton for pay- Twin City R T rightsment 4 81@4 81J^, cotton for acceptance 4 8160@4 8170 Vandalia
Vulcan Detinning pref.
and grain
for
payment
4 81 J^@4 82.
To-day's (F'riday's) actual rates for Paris bankers' francs
were 5 205^a@5 205^ for long and 5 \S%a@5 l%%d for
short.
Germany bankers' maiks were 94 3-16d@94 3-16 for
long and 94 ll-16c?@94 11-16 for short. Amsterdam bankers' guilders
Exchange
were AOd@AQx for short.
on London to-day,
at Paris
25f. 15J^c.;
week's
range, 25f. 163^c. high and 25f. 153^c. low.
The week's range for exchange rates follows:
Sterling Actual —
Long
Short-
4 8225
©4 8235
4 8190
@4 82
Paris Bankers' Francs
High
5 205^
©5 205^
High
Low
Low
14
14
—
5
2m
15 18?4
15 18?4a
&i520%
—
Germany Bankers' Marks
High
94 3-16d @ 94 3-16
Low
94>^
©
Amsterdam Bankers'
High
Low
94M
Guilders
8505
8465
—
I
I
I
(ni4
@4
©5 18^0
@5 18Md
©
94 11-16
945^
©94
40
©40
© 40j
40d
94Ji
14
|4
8535
85
8545
ti4 8510
I
I
1
ll-16rf|
1-16
al-16ofl%. dl-32ofI%. ft3-32ofl%.'
A 1-16 of 1%. I 1-32 of 1%. )/3-32ofl%.
The following were the rates for domestic exchange at
New York at the undermentioned cities to-day: Savannah
buying 50c. per $1,000 discount; selling 75c. per $1,000 premium. Charleston 12i^c. per $1,000 premium. New Orleans bank 35c. per $1,000 discount; commercial 60c. per
$1,000 discount.
Chicago 15c. per $1,000 premium. St.
Louis 35c. per $1,000 premium. San Francisco 30e. per
$1 ,000 premium.
Less:
Plus:
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $55,000 Virginia 6s deferred trust
receipts at 22.
Lowest.
Highest.
M
100 $2J^June 29 $2 June 29., $2H
600 25 Jtme 28' 25'4June 29' 25
200 88 K June 28, 88>/5June 28; 8Si<i
100156>|June 29!l56i^June 29:155
10 14732 June 251 47 Ji June 25,134
June 23 207 June 23i207
1 207
100 126'-^ June 27 126HJune 27il26}-<
500 18c. June 27 ISc.June 27' 10c.
100 27 June 27! 27 June 97 97
June 29! 5KJune 29: '5
1
1.
i
.
lOOi
11!
680
5
80^June
28:
H June
25
2
80HJune
3
June
78H
28:
29,1
m
Highest.
Jan $6
Jan
June! 25 ?i June
June' 88 J4 June
Mayl58
June
Mch 147 H June
June
Mayi220
June 1263^ June
Mch 40c.
June! 35
May 15%
Jan 83
June,
4
Mch
Jan
Jan
Jan
Jan
1
Jan
100 93 ?i June 28 93% June 28'( 9234 June' 98
200 131 June 29132 June 29,130
May,136
Mch
May 69!4 Jan
200 63 June 26 63 June 26.1 60
?4June 26
June 23
June 1^ June
1
4,511,
I',
May
8 85 June 27 85 June 27 S2?t .Mch; 85
Jan, 67
700 61 M June 28 62>^June 26, 50
Apt
1;
— Continued
weakness and a general de-
cline in prices throughout the list have been the chief charBusiness in all
acteristics of the outside market this week.
departments has been restricted, this being attributed in
part to the action of the Stock E.xchange in ruling that the
transfer tax on sales must be paid at the rate of $2 per 100
—
though the par value be less than $100 a circumstance which militates against shares of small denominations.
United Copper common dropped from 66]/^ to 59,
advancing later to 643^ and ending the week at 61 J^. Boston Consolidated Copper sank from 27 J^ to 243^, and closes
Mitchell Mining lost about 2 points to 5^, recovat 245^.
ering to 6.
Greene Consolidated Copper weakened from
24^ to 23 J^, but closes at 2434 Utah Copper fell froiti
Butte Coalition from
27 J4 to 24^, with a recovery to 26.
An incident
303/^ went down to 28 J^ and reacted to 29 J^.
of the week was a slump in Chicago Subway, which dropped
from 52 J^ to 40 and ends the week at 45 J^. Standard Oil
was conspicuous for the heavy selling for this stock, the
price falling from 61034 to 593, the close to-day being at
Mackay Companies common was decidedly weak,
599.
and from 74>g broke to 7034, closing at 71 J^. American
Can preferred in the beginning of the week advanced from
5534 to 565^, but closes at 54^4. International Mercantile
Marine preferred moved down a point to 293^, and closes at
International Salt declined from Si^ to 313^,
2934.
rallying to 33.
Lehigh Valley RR. shares sank from 77 J^ to
"^
7234, but reacted to 733^, ex-dividend.
Outside quotations will be found on page 1490.T]3E^ ^Z^.
shares, even
Cables-
8510
8475
Outside Market.
Range since Jan.
for week.
.
.
n
_^
N^ew York Stock
Exchange— Stock
OCCUPY! V«
STOCKB—tiianUST AND LOWEST SALS PKICES
Saturday
June 23
.4
\
Monday
Tn,e,idav
W fdnesda
June 25
June 26
June 27
TKursdau
June 28
ij
Record, Daily. Weekly and Yearly
TWO PA<iK-i
STOCKS
NEW YORK
ifridaii
STOCK
EXCHANGE
June 29
Sales
the
01
Mange
'in
Kange lor Previous
lor Year 1906
basis or lOO-sharelots,
Year (iyU5)
Week
Shares
Lowest
Highest
Lowest
Hi^liest
Itaili-oads.
891,
88^8 89 k
M0-J3„ 102:'<
Hi'i\
14(H4 141
139 14
-
118
*92>-j
77 '8
•83
161
8OI4
*8U>u
*76
7638
•83
86
23^
86
68 kl
23S
68
14
677b
•26
30
•7J
79
*ri7
H:
228
58's
30
77
16^8
17H'
H234
76ir
2r'4
•801-2
184 H, 184 V)
201 li 20II2
•230 234
•170 175
176 180
*12
141-,
32
•438
17^8
8234
7434
117 118
92^8 92^4
75»,
77'e
83 k2
83
1593^ 160k
•67
68k
1-2
225
225
5734 58
*25
28
7634 77
lak2
16'*
HO 4 80 kj
103
136
7442
•H3
«92k 93
78'8
7334
15938 160k!
67
222
56»8
7634
•83
88
15114 I6l)k
66=8 66 ''e
222 224
5534 57
88
67
226
583b
k>
74'%
74'«»
•25
30
76 kl 76k
16ki
16''8
16
•78 4
•78 la 80
•74
7534
26
26
Vii'^f,
B234
'
434
U\
14k
•96 Sj 97 k
•110 115
33 >u 33I2
•69I4 69 k!
48
48
211 2114
•219 223
212 218
215 217
217 218
'620 522
•j22 546 •522 535
•522 550
522 522
4234
404 413e
41
41^4 42ki
42
42
42 "a
42ka
•87 Si 89
88 ki 8b ki
87k> 88>« a;85k> 85 ka *84 4 85 "4
93
93
•93
95
93»8 SS
9334 93^ ^
96
•17 '8 18
17
17
17^2 17«8 'l6vi 16 14 •16k 17k
35
*35
35
•35
38
38
38 k. S3478 34^8 35
4134
40
4034 42 k
4234
42^4 43I4
42
40 kj 42 »4
7738 78
7838
78
78^4 78 Vj
•TSSj 79
78kj 78 ki
68'4
Gi
•G9>-j 70
69
69 k2
68 k» 6938
68ki 69 k
•72
•72
76
*V2
76
•72
*72
76
76
76
•85
•85
•85
95
95
•85
*85
95
95
95
299 301 k 295 kl 399
287 296 k 283 288
293 296
.
48
*4.8»t 50
•91
92^8
91
•125 ka 130 irl24
•98
*96
99
178 178k2
44 14
43
37\
78 ka 7914
76kl
*26k> 27 k» •27
•50
50
53
•70
•70
74
•7934
•79kj 81
25
25
25 k!
•52 Sj 55
63
•30
32
30
*8y
*82
90
•67
68
68
144 145 'e 142 4)
•148 152
148
484 47
95
91
•120
125
98 k •96
178
176
43
37
•105
lOSSi
X108
ilO
78*4
2!j
46
9;
•82
121
46
95
121
96
96
9634
17615
38kj
76
77k!
*26k2 27kj
50
74
•50
70
81
•7934
24»4
25
53
30
90
72
47
125
52
70
81
25 ki
52 'a 54
30
30
•80
90
67
67
1444 14178U3
1487e
147'',1477e
22 ^
2134 221*
2lk> 2134
'165
•160 175
180
175
•60
70
65
64
68
•90
•90
95
95
96
156 157
155 156 41
158
171 174
1/334 17334
174
•3334 34 k?
32 3^ 3334
32 ka 33
•67 kj 68
67
67 kl
65 kj 67
95
95
9434 95I4
94 4 95 ^e
*143 145
143 143 4140 140
•36I4 38
•36»4 3S
38
•19
•19
19
21
21
19
13634 137
136 136=8 135 1361*
"67
66 '4
68 k!
66
63
•114 118 •114 118 •112 118
•85
85 1« 851*
85
87
85
•192kjl95 •191 194 •191 195
48^8 49
46"^ 4734
47 ka 48^4
8838
8834 89 k;
b8>4 89k<
87
•90 4 92 k!
•eOka 92kj •91
92
203»4 205
202 204 "4 200 kl 302 ki
•133 137 •130 137
'130 135
•100 108 *100 108 •100 108
•128 135 *126 135
•126 136
1297a ia034 129 ki 130 "4 129 130\
39'4 39 k
39 k£ 39 kl
•39>a 41
•80
83 k •80
82
•SO
83k»
•101 114k2 101 114k» 101 H4k!
130kil33
12S'«l3l3i 126 128'8
•91
'91
•90
93
93
93
•94
•93
96
95
y»
95
244 24I4 24
24
23^8 24 k
63
63 Sj
Qi
•62ki 63k2 »62
*64»4 73 k^ •6434 73
*64»4 73
46
46
45
4434 45
45
213«
21'4
21
2 Ik
21
•623^ 53
6234 6234
52 ki
52
67^8 69 ki
66 '8 68 '6
6634 68 k
il20 120
119kill934 119»4 120'*
36
3538 35»«
36=8
85ki 36'fl
{99>4 99^4 •9834 99 "4 •98»4 993b
•31
31
81
30 kl 31k
32
*123 129
126 133 126 130
•8»i4 34 14 •33
33 34 k
34
•25
*25
27
•26 kj 28
26 4i
am
•
46k> 46k2
4684
47*4
•26
•49
•68
•793^
24
4634
4634
£id
Ask
Chemical
MKW TOEK
Aetna
American
Oenturyll
165
176
Chase
700
....
riOO
Chelsea Excl
180
t
81
24
25
•67
90
70
60
28 4
•80
•65
185
4
52k
28 4
90
70
141k» 14334 141k 143
147»4 148ki '147 118
106
204 21k
21k 22
170
180 {164 4 164 4
*65
68
66
66 4
•90
•90
95
96
156k2l55k! 156 165
173^8 1734
•171 174
314 3234
32
32^8
65 k? 6534
644 65 4
89 4 914
a!913a 93k
•140 145
140 140
•35
•36
38
38
-19
'19
203«
21
134 13634 133k 135 4
63
6i
67
65 4
*112 118 •112 118
85
86
85
86
191 192 k! 519234 19234
4734 49 kl
47 4 4S4
87 4 89
87 4
92 4
*90kj 92 kl •90
198 203 4 194 4 1994
125 125
12s 135
100 108 *100 108
128 135
126 126
12884 ISOSg
38^4 3334
81)
*10l
12434
•90
•92
2334
62
•6J»4
44
•21
60^9
66 k
119 4
35
98^8
31
125 k
32'b
26
47
Bid
2438
63 k
73
44
6y
11934
36
99
3258
1 25
93
95
2338 24
62
72
45
k
4
2058
5038
66»8
2034
5034
9914
99 k
68 k
119 4 120 «,
34k 36
314
31
•125
129
33\ •32 4 334
26 k •25
264
47
>4
46
Mar
564 May
91
4634
315
fc'idelityli
b'lfth
Aug
Nov
LOO
11
i V,
Dec 9i;<BMay
13034 Jan 177i8Sep
67 No% 7434 Aug
84
—
May 235 Oct
4 May (50 4 Mar
30 Dec 44 "a Max
75 Oct 8334 Apr
174 May 25 4 Mar
Sep
8334 May 89
60 J'ne 784 Sep
May 37 4 Apr
29
168 4 Ma> L 87 4 Apr
182 4 Jan 192 4-A.pr
Jan
al90!^.)'ue 249
234 Jau 265 4 Feb
150
Jau i25 Jau
195 Jan J30 Jan
I
•
-^
6234
•64
43
2234
5134
190
45
734
Jau
J'ne
20
424 J'ly
6 J'uf 134 "'»''
Feb
3034 J'ly 54
90 Jan 111 Mar
115k J'ly 12134 Mar
22 k Jan 304 Apr
52 May 694 Doe
32 4 May 55 Deo
1784 May 2 403^ Oct
335 Jau 198 4 00*
27k May 393, Deo
83 k May 91k 1>««
76 4 Jan 96 4 Doo
1134 May 2234 Nov
21 May 4634 Nov
374 May 52^4 Aug
744 May 85 4 Aug
554 Jan 7836 Aug
63 J'ly 75 Aug
85 Nov 96 Aug
336 Jan 335 Apr
174 Jan
Feb
May
Apr
83
Jan
90
244 J'n«
15
384 Deo
50 J'ne 82 Deo
865g Jan 121 4 Deo
90 Jan 97 k Not
17
15234
Sep
Jan 183
29 4
May 32 Feb
May 61 Deo
May 5334 Deo
62
Jan
284
J'ne 47 4
J'ne 106
24
6i)
SIS J'ne 87 Oct
22 4 May 36 k l^eo
70
Feb
Deo
Mar
504 May 734 Nov
91
);1344
Jan 15739
i^iep
161
6858
May 175
Nov 91
Max
114
May
133
Aug
26
J'ne 155
Mar
Aug
Feb
18 k May
n30
664 Jan
3434 Oct
86 Jan 106 Oct
89 4 Jan 145 Deo
148 Jan 173 Deo
24 May 39 4 Nov
56k May 73 Aug
94 4 May 1104 Mar
137 Jan 153 Apr
33 4 May 45 Jan
1734 J'ne 244 Jan
13634
May
42
114
J'ly
Mar
16734
76 14 Deo
1224 Jan
May 95 Deo
Dec J216 Sep
Jan
74
il9134
4038 Jau 64
Mac
Ma) 83 4 Mar
91 4 Feb U6 Aug
165 Apr 2164 Aug
76
109 k Oot
78k Jan
Feb
Jan 108
Jan 109
100
85
1314May
27
Jau
70
May
Feb
105
Oct
148
Aug
4334
I8734
Apr
Mar
Mar
112
Jan 14334 Nov
May 97 soy
Jau 101 Nov
213, Dec 374Jaa
60 4 Not 85 Jan
67 Dec 81k Mat
i79
90
84
45
20
55
5734
11534
28
95
Dec 73 4 Mar
May 274Jan
Not 664 Apr
May 72»8 Fob
Jau 122 k I>eo
May
Apr
Apr
Dec
Sep
38
1024 Sep
41 Mar
120
141 Deo
22 k Jan 37 k Apr
34 4 May 4334 A.vt
613, Jan
65 Apr
2934
AND TRUST COMPANIES— BROKERS' QUOTATIONS
Ask
272
Columbian .. 426
Commerce... tl83
Consolidated 160
C'ruExchgeV 355
Discounts ... 150
East River.. 160
384 384
•90
•92
4100 4250
City
266
Coal cfc Iron. 240
Colonial 11 ... 600
12739 1293b
83 k •SO
83 4
1144 101 1144
12934 122k 126
93
96
Jan 1 OS's Sep
Jan 170 Apr
LOO4 Jan 117 Aug
Banks
Bid
340
725
1st N't&Day 510
l4tUStreoi1|. 200
Fourth
212
Gallatin
375
Fifth
First
Garfield
170
German Aralj 150
Ask
750
535
Bid Ask
Bid Ask
Banks
Banks
400
Imp & Trad, 575 600 Metropolis n.
luterboroll.. 155
Irving
Jefi'ersonU...
21H
400
600
160
Liberty
Lincoln
Manhaltanll
Market JfcFul
Germ.an Kxl, 110
Mechanics'
German irtll
Mech
..
.")00
.
& Trail
240
205
500
1400
290
265
26J
160
Mercantile .. 215
Merch Exch. 170
Merchants'.. 165
160
250
520
1000
310
-75
275
170
Melropoirull 165
235
176
Mt Morrisll..
Mutualll
Nassaull
New Amster
New York Co
N Y Nat Ex.
New York...
19 th Wardli.
300
202
Park
315
;<50
.160
iOb
1|
300
187 4^200
I
,
Plazall
,
Prod Exohli
570
600
170
130
250 280
Seaboard
365
Second
700
2000
Slaloll
34tli Street.. 205
12 th Wardli, 350
23d Wardli., 190
Riversidoll
200
305
250
480
,
Phenix
i2l)6
North Amcr. 235
160
Northern
I
240
People'sll
212
440
Ask
Bid
Banks
Pacifioll
295
160
Greenwich
2i)5
310
J65
200
160
HamUtoiil) .. 210
180
Avon.. 3800 4200 Hanover
260
J70
Orion tftlll....
490 .ilO
176
Bid and asked prices; no sales were made on this day. } Le.is than 100 shares. ^ Ex-rights. H State banks, a Ex-dividend aaid rights.
Sale at Stock Kxdiauge or at aaction this week,
s Trust Co. certificates.
h Assessment paid. » Sold at private sale at tlu« pnoo.
Chatham
*
•7934
Citizens' Ctrl 140
205 215
610 530
AmerEzch.. t260
As tor
650 750
BaJteryPark
135
BoreryU
320 335
...
Bntch'8<fe Di
Banks
SI
26
61
694 694
244
53
31
BAi^KS
Banks
•25
•49
May 93=4^8*
99
120
1
17441764
334 S8k
734 7534
27
51
74
61kj
«28ki
80
46
95
130
98
96
175kj 178
33^8 38
75 k 77k2
106
22
•160
i65
»90
•155
•171
*41
•83
'125
7758
136
116^8 11734
116Vill8'4
92
92
89 k Atch. Tonekn& Santa Fe 41, 100 SSSgMay 2 964 Jan 13
100
Do " pref
1, 450
99 4.May 2 106 Jan 3
2 69(1 136 J'no27 1674 Jan 20|
138 Atlantic Coast Line RR..
\0a, 180 10534 May 2 11934 I'ne21
115411734 Baltimore & Ohio
•914 93
779 92 J'ne27 99 4 Jan 5
Do pref
744 77'4 Brooklyn Rapid Transit.. 190, 300 72 May 2 94 4 Jan 26
•83
100 83 Jan 12 S7 Feb h|
86 Burtalo & Susque, prel...
159 l(J0i4 (Canadian Pacifio
13, 500 15538 May 2 17734 .Tan 19,
20U 66k May 1 704 Jan 8
664 6S4 >'anada Sonthern
218 220 Central of New Jersey...
May 2 2394May24!
1, 450 204
7, 400
534 Apr 28 6.'k Jan 2.!
56k 56'4 Chesapeake cfr Ohio
25 May 5 33k Jan 15:
Chicago & Alton
500 74 May 3 80 4 Jan 12
Do pre!
164 17 CIiicaKO lireat Western.. 17 955 16 J'nei> 23=8 Jail 20
*78 4 8234
100 80 4J'ne26 864 -Ian 17
Do 4 p. c. debenture.-;
•74
3O0 7435 May 3 80 Jan 31
7534
Do 5 p. c. pref. "A"..
2 ,600 2j4 J'ue26 394 Jan 22
25 4 26
Do 4 p. c. pref. "B"..
1704174 Chicago Milw. & St. Paul. 27:^ ,830 155 '4 May 2 193 Jan 22
184 181
Jan 22
3, ,60( 177 4 May 2 196
Do pref
2 ,000 19 J
197 1974 Chicago & North Western
Apr 27 240 Jan 15
200 230 Mar-2 270 Mar30
230 230
Do pref
30<l 168
168 168 Chic. St. P. Minn. & Om.
J'ne-'8 198
Jan 15
'175
100 176 J'ne2b 202 Jan 15
180
Do pref
11 14>4 Chicago
934 Apr 1(1 18 k J an 19
Tenn'l Transfer.
100 27 Apr 27 4234 Jan 22
Do pref
"44 3344 Chicago
,200
34May21 1334Feo20
Union Traction.
,70U 12 May21 464 Feb 2
12
12'^
Do pref
,800 90k May 2 1094 Jan 15
93 k 9314 Cleve. Cin. Chic. & St, L.
'110
112 Mayll 118 Jan 23
H5
Do pref
750 29 4 Jan 4 37 Jan 24
334 3438 Colorado <fe Southern
-67 k 69
,710 664 Apr 30 73
Feb 9
Do Istpreferred
400 43 May 2 56*4 Jan 12
484 49
Do 2d preferred
550 189 May 2 231 J'nel2
210 212
<fe Hudson
Delaware
'600 620
100 43734 May 2 560 May24
elaw. Lack. <& West'n.
500 36 4 May 2 514 Jan 26
40
4136 Denver ife Rio Grande
•844 86
700
844 May 2 91 4 Jan 22
Do pref
250 90 k Apr 30 102 Feb 9
•93 k 94 Detroit United
920
16 4 May 2 224 Jan 11
164 16 4 Duluth So. Shore & Atl.
•33
162 32 Apr 28 45 Jan 11
38
Do pref
450
122
38
40 4 42 4 Ene
4 May 2 50 4.J an 16
2 ,60 J 75 May 2 83 Jau 15
78k 78k
Do Istpret
800
6
624Apr27 7638 Jan 16
67 k 6334
Do 2d pref
•68
75 Jan 8 76 Jan 2
75
EyansT. & Terre Haute..
•85
88 Feb 6 ^90 May31
95
Do pret
400 275 May 2 348 Feb 9
2784 288 Great Northern, pret
86 Mayl2 92 4 Jan 22
Green Bay<feW.,deh. ctf.A
17 May 2 23 Wj Jan 19
deb. ctf. B
Do
•41
,400 33 4 Jan 19 51
Mayll
474 Havana Electric
•82
200 77k Jan 15 9734 May 8
95
Do pref
'12')
50u 1 13 4 Feb fc 135 Apr 24
125
Hocking Valley
'95 4 96
335 93 May 2 9939, ue 1
Do pref
17634 178
,405 164
May 2 184 4J'ne 7
IUrnois Central
,17S 33-4J'ne27 55 4MaylO
354 3338 nterboro-Metropolitan.
74 '4 7614
,383 734J'ne28 8738MaylO
Do pref
,700 24:'4May 2 34 '4 Jan 12
244 25 Iowa central
49
250 49 May 4 6334 Jan 13
51
Do pref
<68
450 5-' Mar 7 76 J'ne 8
70
Kanawlia & Michigan..
•79
z80 J'nel5 84 4 Feb 7
81
C.Ft.S.&M.,tr. cts. pfd
•24
,500 23 4 May 2 373^ Jan 5
26 Kansas City Southern ...
400 60 May 2 71 Jan 5
51
51
Do pief
650 '284J'ne28 444 Jau 12
§30
30 Lake Erie & Western...
•80
«84 Mayi5 }9i4 Janv5
90
Do pref
'65
200 67 J'ne26 81^4 Jan 16
70 Long Island
,0J0 l36i4May 2 156 4 Jan 19
142 143 Louisville & NashvUle...
,900 l47kMay 2 162
14741474 Manhattan Elevated...
Jan 26
65 Feb 28 754 Jan 15
etrop. Secur., sub. rec.
70 4 May B 754 Mayll
Certificates of deposit..
600 105 J'ne20 127 Jan 16
Metropolitan Street
104 4 May 3 11334 Apr 4
Certificates of deposit..
2038 21
12. ,400 184 May 2 264 Jan 19
Mexican Centi'al
'165
140 Marl9 185 J'ne21
180 Micliigau Central
650 66 J'ne23 8414 Jan 11
66
66 Minneapolis <& St. Louis.
90 Apr 27 100 k Jan 3
95
Do pref
'154 158
,100 141 4 Jan 4 164
Mar24
Minn. S. P. & S. S. Marie.
'171 174
200 164 May 2 I8334 Janll
Do pref
,S00 29
3335. Mo. Kansas & Texas
May 2 40*8 Jan 12
32
,910 64k Apr 2
74:<8Janl8
66k 6738
Do pref
,292 85 4 May 2 IO634 Jan 20
89 4 91k Missouri Pacific
133
.33
'140 145
490
3
May
149
4 Jan 12
Chatt.
&
St.
Louis
35 3334 Nash.
100 3(
36 Apr 27 41 Marl4
at.ot Hex, non-cuin.pf
•18
100 li,
194
'8k J'uel6 2134 Feb24
Do 2d pref
,600 130
04 May 2 156 '4 Jan 8
5133413434 N. Y. Central & Hudson..
6J0 61.9 Mar 5 73 4 Apr 17
66
66 N. Y. Chic & St^ Louis...
IIJ1 Apr 14 120 4 Jan 27
'112 118
Do Istpref
100 80 May 3 9i34.jiin 9
85
85
Do 2d pret
210 191- J'ne27 2044 Jau 19
'192 194 N. Y. N. Haven & Hartf
334 May 2 5714 Jan 2.
,000 433
474 484 N. Y. Ontario <fc Western.
.1
,910 81
Feb 28 93 4 Feb 1
87
83 Norfolk <fc Western
89'
'90
i9 4 Apr 12
96 Jau 6
924
Do adjustment pref.
'Ok May 2 232 4Kebl4
191 1994 Northern Pacific
76, 7U0 1791
103
142
400
10
Jan
126 127
J'ne 5
Coast
Co
Pacific
105 Jan 5 106 Jau 29
100 108
Do Istprcf
300 10514 Jan 10 135 May 8
127 127
Do 2d pref
258 ,500 126'.4J'ne29 147 4 Jan 23
126kil29«^ Pennsylvania
»3834 40
400 33 Apr 2 8 464 Jau 15
PeoriaA Eastern
75 May 2 87 Jan 24
•80
84
Pittsl). Cin. Chic. <fc SU L.
100 May 4 108 4 Jan 24
101 1144
Da pref
122 1264 UeadiBg
866,100 112 May 2 /;164 Jan 23
89'4 Mar 1 96 Jan 22
•90
93
JCVlstpref
•90
500 90 Apr30 102 Jan ^0
95
2d pref
23 4 Jan 3 2S0sApr 2
,700
234 244 Bock laland Company
61
,900 61
J'ue29 63's»Mar31
62
Do pref
60 Feb 26 7234 Apr 3
•61
68 St. L. &8.Fr.. Ist pref
•43
600 41 May 2 61k Feb 6
45
Do 2d pret
1 ,400 2014 May 2
27 4 Jan 19
21
21k St. Louia Southwestern..
2 ,450 48--'34 May 2 61
Jau 15
50 4 50 la
Do pref
61
650
2
724
Jau 22
66^4 684 Sonthern Pacific Co
304
May
'116 1174
2 ,110 117
Feb 28 120 4J'no 6
Do pref
31>
J4
250
4
Jau 26
kJ'ne2j'
34k 354 Southernv.tr. cfs. stmped 39,
605 973•4 May 2 103 Jan 16
•9334 99k
Do pret.
do
3938
28
9 ,800
May 2
Jan 24
31
314 'pexas <fc Pacific
'125 128
100 125 Apr 2 7 rl39^Janl7
JLhird Avenue (N. Y.)...
291
36
500
Jan 22
Apr 23
•32k 334 Toledo Railways <fc Light
200 26 J'ne27 40 4 Jan 19
•25 4 26 4 ToL St. L. <fc W. V. tr. ctfs
4634 47
,900 46 J'ne28 694 Jan 19
Do pref. vot. tr. ctts.
8838
xloo
103
137
•74
7534
25 4 26
25 kl 25 "a
2 5 ''4 2 6 34
170-'8
169
176^8
'8 174 4
17612 I79I8 174 177
183 184
•185 180 k 184kjl84Se 132k2l81
196 197 4
198 ki 199 k! 197 197
198k2 200
230 240 •230 240 '230 240
'230 240
163 163
'168 175 170 180
•170 178
176 176
•170 180 •176 180 '176 180
14
•12
14 la '12
14k2 •12
14k •12
•
33
33
•28
28
3J
28
4«3
4»8
4«8
4'4
44 4k
4k 4 k
12
1234
1214 13 k
•1334 15
12
924 93^6
93 k) 95
9514
94
93
•no 115 •110 115 •110 U5 '110 1J5
334 3334
33 14 3312
33»4 34H
33>a 34k,
67 4
69^4 691.
68 kj
68
68k 6iki 67
48 4i
48
48 4
48
43
47
48
48
74
•2634
17734 179
•28
781-
15938 160'^
68
•228
58 4
"21
77
17
11738 1183,
93
93
119
94
8818 893h
89 ki
88k? 8334
8S
102^4 102^4 •102>4 103
139
life's 13618 136
..
bNewstook.
I
STOCKS
NKW YORK STOCK
EXCHANGE
arOCSS—UlQHSST ANJ> LOWEBT 8ALK PBICKH
Mondav
Saturday
June
JuneHJ
111
111^« Ul='4
iVf-l I48'b
e/s^
6i»4
•71
74
i'lV^i
•4:>'4
*3'J
20
61'«
68"6
46'^
40
19
38
tb
•24
•2^^
•J4>a
•48
61
•240
250
240
66I4
56^«
ICO
•25
lOdS,
27 Vj
•aa-a 94
25
•23
38^
38
100
14
40 ki
69
69
1913
»334
191a
45%
47
'
19 k
19
37
25
21
46 k
•36
46
40
25
24
47
240
250
•231a
24
23
2 2 "8
37
b73381-
3634
•6
62 '4
'19
>49
•115
*4
•27
•40
-75
•99
146
IKi
•210
7(U^
11534
5
27 H)
44
80
99 k-
"-^
'<o^
6k
27
597g
-XS^i
28 k
144 14'j34 14234 uek
115 115k
llokiil6
•210 240 210 240
• 101 ki 110
lOlkillO
148Vi
240
•lOlkjHO
llki
ll's Ilk.
•44ki 46I2
19
19 k
•19% 20
45
•38% 41
17 IS
•35
40
2:-t
25
24
24
45
45
41
18
40
25
45
46
'240
255
Pacillc
CJuitert
Rys of St Lou.
Do
17%
191.
54
54
19
181*
51
53 k
95%
i'934
18
Adams
255
Si
'
Wisconsin Central
pref
lucliiHtrial Ac
•240
18k
226
225
8%
81a
•
6
*6i4
1
227
*8
9
6k
14
28 ki 28 k
14214145%
143 147
114kill5ki 114 115
210 240 210 240
lOlkillO *101%110
10% 10k
42
423,
128% 131
133
70(
,300
VliMceil
Express
10,025
5,000
368,22
lli.s-Clialnier.s
American Exprea.s
American Grass Twine
23
JVl»y
33
I
20
45
Janl7i
44% Apr 28 64 Jan 15
{240 J'nel4 260 Mar 5
17'bJ'ne2j 27% Jan 24
I
50 k J'ne-6
550
85
15,050
J
34% May
2
2:91% Jan 104% Apr
300 99% Jan 4
2734 J'ly 40% Deo
28 May 2
400 90%J'ne20 95 JanlOl 89% J'lyl 97 Feb
700 2i5 Apr26 249% Jan 26: {209 % Jan 246 Feb
Jan
1134 Jan 15
434 Aug 14
300
7% May
6 J'nf 11% Deo
6 J'nel3 10 Jan 26
100
J'ne26 43 Jan 25 29% Oct 55% Mar
2, LOO 27
9,435 35% Jan 2 05i4MaylO 2434 J'ly 36 Deo
15% Jan 23 Deo
1,200 17% May 7 29i4Jan2z
38% May 4 53% Jan 20 36 Jan 48% Apr
33 Jan 76% Dec
38.9tJ0 5334 May 2 78 Si Jan 4
201 110% May 2 120% Jan 16 10334 Jan 122=4 Apr
5 14 Nov
Dec
5
6% Apr 5
4 J'ne29
100
600 25 Jan 8 29% Apr 5 2434 Dec 26 Nor
4,200
..
6% 6% Amer Hide &
De pret
28% 28%
I
89%Jan 8
47 k Jan 24
105 Jan 241
44% Jan 11!
an 22
Apr. 33% Aug
Jan 64% Oct
{236 Jan!{250 Feb
13 Ma> 24'4l>eo
46%Ma>i 68 Feb
70 Jan 11134Deo
20 Jan' 29ieApr
«9% Feb 95 Aug
23 Nov 35 Deo
77 Jan S'i Deo
31 May 43% Apr
67 Jan 24
95kJ'ne2b II8I4 Feb 13
21% May 2 34 'b Jan 2.
93 Apr 23 102 Jan 25
J an 6
1,500 20% May 2 35
•51
220
May
Apr 27
;
1
;;
"60.'
Do Istpref
Do 2d pref
Apr
"'
!
1'.'
prei
Si
36
91k.May :
50 Apr 21
55 Apr20
84% Apr
19 Apr 28
2,1 o(
3,500 40% Jan 3
201
3i Jun
16 Apr28
prof
tUghegt
1
Jan 122
J ue
{1-5334 Ma\ a 6"
Jan 24113 Jan 1 > 1 34 Deo
99i4Jan 2 95% Nov 101% Feb
98 Jan 18 21kJan i'2%Dt-o
93 k Jan 17i 64% Jan 94SiD(^
87 k Jan 13| 80 J'lyl 85 Not
26% Jan 24 17% May 24% Sep
53% Febz'/j 37 Mtt\ 48 Feb
44% 'lie 4, 27 Nov] 30 Dec
2134 Feb 6
15 .Maj; 1934 .Mar
4.s%Feb 6 36 May! 48 Feb
29 Si Feb 6] 20 May! 28% Mar
138%May"2 60
1,600
Western Maryland
Wheeling* Lake Kne...
Do
122% Jan 22 105
i
1,001.
YJUabasii.
4434
May
450
94 U
44% 45%
23>i 24k
10 ki 1034
43
43
129 131%
133 138
136ial36kj
99% 100
lO's 11
•43
45
12938 131
11»8
45
13034 132
•132 138
•137 140
45
132 ki
135
140
132
135
•137
7
28 Sj 28
21
42
39
3.780 109
>4
Unceet
Highest
Lowest
567;95V
Leather
6k
2/% 27k
Securities
Ameri(>an
Ice
60
61%
60%
61
59% 62 k 59%
60'8 61».
19% 1834 20 American Linseed
18
-19
20
21
21k 20
pref
Do
*39
39
43
42
•39
•39
42
•39
43
48
65% 68 American ijocomotlve...
68
66
67 14 69
67
69 ki
6834 69 k
Do pref
113 115 *113kill5 •113%115 *113%115
115 115
-3% 4
4
4 Amer. Malt. ctfs. of dep...
-4
-3^ 5
•4
5
5
Do pref. ctfs. of dep..
•
27
26%
26%
26%
27
26 ki 26k
27
26 ki 27
40 Amer Pneumatic Sernce
39% 39% *30
45
4134 41*4
39^1 39ki •35
70
Do pref
80
*65
75
•70
80
75
79 ki 79 15 •65
•
9914 Amer Smelters Sec pret B
99%
99
•99
89
99 k
99
99
•6
7
303^
b2i4
•aSJHi
Week.
Do pret
61% CnltRyslnv'totSanFran
Do pref
69% 69%
•9234
61
6II4
6834
63^4
17
•35
23
10014100 s lUO
31V, 3mi
31
30k!
31kj
*90
91
95
•90
95
223 235 •225 235
226 226 224 235
SI4 9
8-^8
•8
S-'a
9
9ki
*8k»
102
141% i 44s anion
94 k
6LI4
68'4
Hange tor J'revioiit
Jiange for Year lHUfi
Yearciyuoj
baiis oilOU-iKare loU
Sham
City Rapid Transit.
pref
^^"-
On
Ltie
Do pref
55
96% 99 14 AraalgamatedCopper
96% 100k
Agncult Chemical.
Amer
24
23% 23 k
24% 24% 24
Do pref
90 94 91 9 4
*92
94
Beet Sugar
Amer
23 k
23
22% 23
•^2',
23
23
Do pref
8734
8734
873. •
8734
American
Car & Foandrj
35% 37
36%
35
37 k
301a 37%
Do pref
•99% 101k
•99% 102
•99 '4 101
100
American
Cotton Oil
30
30
29 Si 30 14
3034
30
31
Do pref
•90
95
•90
95
90 95
92
50 1-2 5334
96 '"s 99=8
23 24
•93
94
2134
110% Twin
110
«92.>4
aSSi
•38ki 41
•171a IHki
19%
18
141% 145
14
6'J
250
240
250
87^4
*
23
94
61k.
46
39
•17
o7
17 '8 2(Jl4
55
52
9734 lOOSg
25
25
•93kj 94
M'^D
J'iO»8
Si
46
39
Friday
June 29
SaCeto'
l>o
61% 62
8(5
19
"lV»>i"l9\
«4.i'4 47
'39
40
•17 -4 19
37
37 H,
*-4
25
*24
25
47 "a 48
92 la
110'4
110
142%14t)-'4
\il\ 14(5 k
9 4^ 94 >a
'
•17I4
37 H»
UO-illl
llOi^lU
94 "a 94 S,
•61
04
xiiO'a 69 H,
liQ
{'Jo
June 26
HI
Thuridav
June 28
Wedneidau
June 2?
Tuesiiav
'ii
l^^^-
Stock Record— Concluded— Page 2
New York
J82
34% May 3 5434 Apr 16
100 76 J'ne20 83% Apr 12
300 99 J'ue.'i> 1013, J an 18;
174 Jan 18
a;141i4 145
Amer. Smelt'g<fe Reiin'g. 232,700 138% May
4,700 114 J'ui.'28 130 Jan 12
U4%115k •Do pref
3
220 Jan 25
May
_'u5
210 240 American Snuff
102% May 3 107 Jan 26
Do pref
101% 110
30
Apr
15% Jan 17
10
10% 10% Americsan Steel Foundr's. 2,20 40 May 2 53%
Jan 17
1,400
Do pref
42% 45
2
May
157
Jan 8
129% 130 k American Sugar Refining I5,85u 127%
140
Jan 10
Apr30
132'4
200
Do pref
133 133
Jan 19
Apr28
144%
135
lOO
135 140 Amer. Teleph. & Teleg...
109
Jan 22
99%J'ne22
4,>!45
pref.
Amer.
Tobac.
(new),
9934 9934
Jan
48
32%J'ne2i
14,811
32% 35 American Woolen..
500 103 Jan 3 110% Jan 24
-pref
90ii
97% Sep
102
Nov
7934 Jan 170% Dec
111% Jan 137 Dec
May 250 Nov
Dec
JaiJ 110
6% J'ly 18% Mar
35 1* J'ne 67% Apr
130 May 154% Dec
May 141 Aug
133
163
99
136
131 Dec 148% Jan
136% 139
137
91% Jan 109% Dec
99% 100
9934 997g
993* 9934
991a 99%
20% Jan 47 % Nov
3534
36I4
34
361.
36%
37
34ki
35%
36 kj 37
93 Jau 108% Mar
Do
•105 ki 106 "a *105kll06ki 106 106 105% 106% 105 105% 103 104k
lo
4
Feb
300
100
May
223%
k May 295 Dec
273,8>J0
Copper
Anaoon(ia
230
242
234%
242
234
245
239
245
233
228
240 244
200 119 Apr27 178 Jan -3 175 Dec .C215 Feb
'120 130 120 130 •120 130 120 130 Brooklyn Union Gas
122 122
•120 iJiO
14
Jan 22% Dec
2134
Apr
14%Mar2o
10%
2,010
runsw. Dock & C. ImpM
16% 16k 15% 16
•17
18
18
16ki 16ka 16% 17k
18
40 Aprltl 70 May 9 60 Dec 60 % Jan
li
Co
55 63 555 55 55 63 •55 63 *55 63 Butterick
•55
63
24
&ep 47 % Oct
40
49%
Jan
36%J'ne2b
9,962
central Leather
36% 37
36% 37
37
3734
3618 37%
391,
37 ki 39
39
2,00u 100%Apr28 107% Jan 24 102 % Not 105% Nov
101kil02ki 101%101k 101 101% > Do pref.
10134 102
•102 103 ki • 102 103
2
26
Ma> 59 Mar
Jan
38
83%
May
40%
149,250
48% Colorado Fuel & Iron
SOSg
4613 4838
45% 49% 44% 47% 45
60 1< 52 k
48
200 85 J'ne29 112% Jan 29 80 Aug 105 Mar
Do pref
85
85
85 90 •85 90
•90
95
90
90
Dec
*9l)
105
31
1134 May 20
Jan
26%
May
17
3,50u
1334 19% Col. & Hock. Coal & Iron.
19
20% ISifl 19
•^1^4 211.
20 k,
19
*19'i2 20k2
13,010 130%Apr27 I8I34 Jan23 176 Nov 214 Mar
139 139 14 I38I4 140^8 139 140ki 1383, 14034 138% 139% 139 1411. Consolidated Gas (N. Y.).
4
28
Apr
19%J'ue28
3,6
19% 19% Corn Products Refg
19% 193.
-2134 2214
2034 21 ki
20
20% 1934 20
74 k May 2 8534 Apr 2
1,70(1
•77
Do pref
79
78% 79
79
•80>4 81
80
80 k
79% 79% 79
Jan 30 65% May 9 a;34%Jan 54% Deo
Distillers Securit's Corp. 10,38i 51
68I4 59
5634 58
56'4 68%
57
58
57
58 k
69 "a 60
76 May 89% Feb
8134 Jan 3 87% Jan 19
Battery.
Electric
Storage
86
86
86
•
86
86
86 »
Jan 4 199 Jan 22 60 Jan 145 Nov
138
210
143 143 145 165 *145 165 Federal Mining & Smelt'g
•140 170 140 170
145 145
~
112% Jau22 75 Jan UO%Nov
3,Goo 92% May
Do pref
93
93
93
93%
93
96
96<-4 96^4
95
96% 94
94
Mar
3,600 160%J'ne2i' IS 1^40 an 9 169 May 192
General Electric
16038 161
•163 166 163 k 165
16
163k 161 164 161 163
17%J'ne28 26 '4 Jan 15 18%J'ne 2514060
6,201
17% 18% 17% 1836 International Paper
18 14 18%
I8I4 18%
I9I4
•19
I834 19
90
13 76% Feb 88 14 Leo
Mario
Jan
82
701
Si
Do pref
8234 83*4 82
84
•8334 84
83 Vi 8358
83
831a 82% 84
49 J'nelO a;95 Jan 29 48 Oct 100 Feb
20(.
43 57 •50 57 International Power
•48
*55
61
&5
*50
57
51
57
26 Dec 40% Feb
1,700 28 Janl& 60 May 8
35 49 Interuat Steam Pump
44
44
46 14
45
47 "a 4934
47'8 IS'i.
45% 46
79 Jan 11 92 May 14 78 '~i May 83% Apr
....
Do pref
82% 86 •O'J 85 82 89 KnlckerDocker
•82
•82
•82
87
86
80
15
t
68
Jan
10 Jan 63 De?
Mar
59
2,600
Ioe( Chic,
6II4 6136
61 14 61%
61 14 61 ki
61% Ol^B 61% 61% 61% 61 14
69 % Dec
62 May 2 71% Feb 6 52 Au
1,40(
61% 63% 6334 National Biscuit
a;64
66
(j6
66
66
65% 66
'66ki 66I2
10 110 Aug 12934 .Mar
118%
Feb
Jan
113
10
Si
Do pref
115 116 115%118 {116 116
•115 116 •iisviio
115 116
15
18 Si Jan
11 Aug 31% Apr
May
16
16
16% 16 k Nat Enameung&Stamp'g 2,500 12
1'5
16
16
16
1634 17
16
16ki
88 k Mar 8 80 Aug 94 Apr
100 85 Marl
Do pref94
85 91
36% 86% 84
•85
*85
•85
91
91
91
19
05% Jan
24% Jan 89 k Dec
29,850 66 May
72 k 73 '4 National Lead
71% 731a 71% 73
711.
71
T2\ 70
72 k
71
100i4J'ne 7 106% Jan 2-^ 97% Jan 116 k Deo
7
Do pref
10034 10034 10034 1003^
101 101
101
IUO'4 \W\ 10034 10034 101
5
.40'
May 16334 Nov
16334 Jan
2,750 135 May
135 143 New York Air Brake
•140 145
140 140
139 142 14 142% 143% U40 140
4,850 91%J'ne29 107 Jan 12 95% Nov 107 Apr
94 14
93
91% 94 North American Co., new
95 14
•95
95
95
95% 94% 95
96
10
Ma\ 5334 Deo
51%
33
Jan
6,000 283^ j'ne^y
1834 33 14 Pacihc Mail
33
33
34
34
42
33% 35
36kj 36kj •35
89 J'iie27 103 Jan 2 97 14 May 115% Apr
8,28(
eop. Ga8-L.<fe C. (Chic.
90
90
89
90% 89% 90
89^4 90 4
8934 90 k
9016 90kj
2
17%Mar31 12% J'ly 21 May
200 13% May
14% PittsOurgh Coal Co
13% 13% 13% 14% 14
14
14
*i3k2 14ki •iS's li'ii
52%J'nel4 62% Jan 19 45 ig J'ly 80% May
Do pref
50 55 45 55 •48 55
-45
•45
*60
65
55
65
2
64% Jan 24 33 % Jan 5334 Dec
8,400 43 .May
47I4 4-8
Pressed Steel Car
47
45
45
47
•48
46% 48
47 k
49
47
Feb 1 87 i'eb 101 % Oct
1,360 95 May 2 105
Do pref
96 k
96
98
*97'2 98ki •97 Si 98 k {97% 97% {97
97% 96
2
24734
Jan 15 230 May 258 Aug
1,060 21934 May
220 225
220 222 Pullman Company
{225 225
225ki225kj 222 222 220 225
2 62^4 Jan 15
30 May 63% Dec
May
44
5,150
49% Railway Steel Spring.
5012 51
50
50% 49% 50% 48% 49% 49
52
52
200 99% May 1 107 Jan '^i 93 Jan 106 Not
•9934 105
Do preL
•100 10iil4 .100 105 ki 100% 100 k 100% 100% 9934 iu5
2 39
15 Jan 36% Deo
J an 12
.May
22%
11,100
2634 27%
26% 27% 26% 27k 2334 26% Republic Iron & Steel .
27 «8 '-iaki
28
28
3,900 91 May 2 110% Jan 9, 67 Jan 108 Deo
Do pref
94% 95
94% 95
•97 100
96
93
96
95% 9534 95
12 60 Jan 118% Feb
97%
69i4J'nB2y
Jan
6,700
70
71% 6934 71k 69% 71 Oloss-Shelfield St. & Iroii
71 ki 72k 7138 72
70% 72
100 106%J'ne2; 113 Apr 3: 100 Jan 130 Feb
Do pref
106 Si 106 k 107 112
106% 112
•106 ki 112
lOOk 112
106kil08
Deo
540 129 Jan 2 j;165 Jan 12 68 Jan 148
•163 I54'!i 152 153'a 152 153 k 163% 154 { 150 152 150 153% Tenn. Coal, Iron & RR...
400 60 May 2 86% J 'lie 9 37% Jan 60 Deo
76
87
80
80 87
81s. Texas Pacific Land Trusi
•80
oO 87
83
81
81
16%
Oct
15", Jan 19
Jut
8%
May
8
800
8
9%
8
8
I rnion Bag <fc Paper.
8
9k
8kj 9ki Sia 9k •8
900 70 April 84 Jan 18 68 Ian 8234 Deo
pref
]
Do
•70
71% 71% 71% 71k 68% 7434
72
72
73
71% 72
48%
Deo
53
17
Jan
Jan
19%
2
May
43%
6,001
48I4
47
U. S. Cast I. Pipe <fc Foun.
48
47%
48 Hi 48T8
49
47% 48% 48ifl 49
49
500 91 May 2 96% Jan 24 79% Jan 9734 Apr
Do pref
93
•91
•91
95
95
92% 92% 91% 91% 91% 92 14 •91
134 Feb
26
Dec
138%
Jan
}110
May
1
109
United States Express...
110 120
110 117 109 117
•109 117
110 117 110 117
1,400 82 J'nei9 94 k Jan 20 77 Jan 98% Mar
82% 82 k 82
82% U S Realty & Improve'ni
•82
•
85
•82
84
84
84
84
4,600 24 Mar 1 40%j'ne 5 18 Feb 40% Apr
36
33% 35
38 U S Redaction & Refin'g
•35
35
36
33% 33 k 34
33'a 341a
84 J'ne 6 35 Jai) 73% Aug
4,100 60 Mar2
Do pret
77
7434
78
73% 75% 72
75
75
75
74
77
77
58% Jan 22 3334 Jai 58% Sep
15,710 44%J'ne2
48 >a 49 14
•4914 50
44% 47% 44% 46i« 4434 46% United States Rubber
47
48 k
ill5
Jan 16 98% Jan 118% Apr
500 105% May 2
Do Istpref
107% 107 k 107 107 107 108
108 108
107% 108
•107kil09
xSl
75 Nov B334 Deo
-i Jan 15
May
75
1,200
Do 2d pref
78% 78% 7734 78% 77% 77k •77% 78%
46
78 ki 79
•78ki 80 k
Jan 20 24% May 43 14 Deo
14
489,020 34 J'ne29
35 14 36%
34% 35% 34
35% United States Steel
3534 36%
36»4 37 'i
36 ki 3714
20 9034 May 107 Dec
113%
Jan
J'ue2U
99%
188,940
Do pret
99% 102%
1031^10414 102'8 103'^ 102 103 s. 101% 103% 100 102%
58 Jau 2 2834 Sep 68% Dec
7,976 35 J'ne
361
363. Vlxginlai-Carolina Chem..
35
36
36
37
40
40
38
38 k
35% 37
300 105% May 2 117% Jan 2 103% May 11334 Deo
Do pref
•109 110
109% 110 109% 109% 106 107 106 107 Virginia
•109 110
900 38 May 2 56% Jan 24 36 J'ne 52% Feb
Iron Coal & C.
42
43% 43%
42% 42% 42% 42% 41
43kj 43k
465 233 Mar23 286 J'nel2 J226 % Dec 260 Feb
\I/ ells Fargo & Co
•272 285 {275 275
'276 285
>275 290
280 280
4 % Jan 2 6
J279 281
92 Jan 95% J'ne
500 a;91 Mar20
VY est'n Union Tele'gpl
91% 91% •91% 92
92
92
•91 ki 92'-,
92
91% 9138 92
600 153 May 2 176 Jan 6 152 May 134 Api
156 156 a;154 154 *152%155 »152%167% West'gh'seEl&MlgassoD
159 159
158 158
Dec 197 Apr
22
187%
188
Jan
100 180 J'ne26
Do Istpref
•160 ISO *
185
160 180
*
ISO ISO 170 180
^_ 185
•133
136
139
"^4
C
,
'^
1 i'
i-i
'-
<
.
.
8
'<.
U
,
1^4
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Bid Ask
Banks
Dnion Exchli 210 220
United
109
USExcha'el 125
114
130
Waah.H'htBl 225
West Sideli 600
YorkviUell
400
BBOOKLTN
.
Brooklynll
.
150
100
145
15
5"
Ask
Trust Co's Bid Ask
565
Ave Tr
Fulton
170
160
390
CITT
Bankers' Tr. 500
N. T.
Bowl'gQreen
t2 12
530
k
t325
Guaranty Tr 520
Guardian Tr 225
235
295
275
Common w'tl 96"
lOO
ProspectPk'
Terminal...
150
165
Empire
il5
Mercantile ..
.MetropoUtau
MortoiiTrusi 325
600
850
Mutual
132 S
220
235
K(iui table Ti
f'lirmLoife T
515
Uuionll
14 -'5
Mut.Allianc>
.
BroadwayTr 160
145
167
Central Tr'si 2050 il50
100
390
Colonial
275
Columbia
310
{ Less than 100 shares,
Bui and asked prices; no sales on this day
Ex stock dividend.
Bale at stock Exchange or at auction this week
•.
t
s
Trust Co's
Bid
Ask
N Y Lif e&Tr
1010
715
410
600
760
1390
t450
1030
730
440
626
765
1410
New York Tr
StandardTr't
TiUeGu & Tr
Tr Co of Am.
Knick'rb'k'r 1200
Law T I &Tr 295 305" Union Trust
160
390
285
260
300
420
Nassau
Nat City
North Side!
BoroughH.
B road way! |.
Bid
BEOOKLTN
Dealers'!!
First
Manufactrs'
Mechanicsll
.
Trust Cos.
Filth
Home Banki
.
Ask
Bid
Banks
Lincoln Tr.
.
Manhattan
.
620
475
hW
2'l6'
495"
:i50
.'IS
Ex-rights. 6 New stock,
Trust Co. certificates. 11
USMtg&Ti
Unit States
.
VanN'denTi
Wastiington
Windsor
1325 1375
325
400
250 265
Tru^t Co's Bid \Ask
BROOKLYN
Brooklyn Tr 400 413
Citizens'
170
Flatbush
Franklin
Hamilton
'260
330
350
190
Home
190
Jenkins
450
Kings Co
L Isl L&Tr. 290
265
Nassau
345
People's
Williamsb'?;. 225
c Ex-dirtdend and rights.
Banks marked with a par*sraph
(H) are .SUto
ISO
366"
195
310
355
235
banks.
New York
Exchange— Bond
Stock
Record, Friday,
orcuPviNii voiui
BONDS
trxce
N. Y. STOCK EX OH A Sr,Y.
Wkh!? Kndint June 2!)
U
U
U
U
U
U
U
U
U
8 2s <:ousolreu;i8tereil.((l!>Ht
((I'JSU
S Vis CO u sol coiniou
FA
loan 4'i2S ctJs full pri.l'.>2f>
2d series 4%s ctis full paid J J
JEloan 4s ctfs full paid.. 1931 J-J
Repubof Cuba 58 exten debt.. M-S
Mexico
Gold 4s
8
I
1904
of
Alabama
Class
Class
A
class
B5a
C 43
U
1921'
Currency tuuding 48
192!
Dlst of Columbia 3-05s
Louisiana new consol 48. .1914
North Carolina consol 48.191U
19111
68
193;:
So Carolina 4 "as 20-40
Tenn new settlement 38. .191::
Bia
Cen RR.& BofGacol cr 5sl037 VIcent or N J cen'lgold 5s. 1987 J-J
Registered
/tl987 Q-J
Am Dock ifc Imp gu 58.. 1921 J-J
Le & Hud R gen gu g 5s 1920 J j
Leh <fe Wilks B Coal 58.. 1912 M-N
102 ^4 101' 103'..,Muy'0'
103 10334
Con ext guiir4i28
ffl91(» Q-M
104 H Salt- 104^4 li'4'.
I03I4 104 ^e
N
Long Br gen g 4s 1941 M-S
129 4 130
129 May'Ot:
129 129's Cent Paciflo See So Pacific Co
129S8
129 1^130
I29»f,
12912 13214 Chas & Sav See Atl Coast Line
110
111 May'OI
10834 111
Ches & Oliio g 6s ser A../il908 A-O
Gold 6s
al911 A-O
Ist consol g 5a
1939 M-N
9!t3< 121
99
^ 99 Sj Sale
9034 101*8
Registered
1939 M-N
98^4
9t;
99
t 9»«4 Sale
971410114
General
gold 413S
1992 M-S
94 legale
94 '8
94 -S 2S1 901q 95 >«
X
Registered
1992 M-S
Sale
% 93
93
93 S, ISO 89 12 93 'a
Craig Valley 1st g 58
1940 J-J
12.Sale
85
% 85
83 '4 S8
R<fe A Div 1st con g 4s.. 1989 J-J
-.9 lOSH lOS
106
105'4
106
%
2d consol g43
1989 J-J
103^8
04 \
03
1
1
10234 lOS's
102»8 1043,
noo
94 V» Sale
Keae are pr
101
...
n
llie b
Greenbrier Ry lstgug4s '40 M-N
Chic <fe Alt RR ref g 3a.. .1949 A-O
Bailway Ist Uen 3ia8...1950 J-j
195ti J-J
Registered
Chic Burl &Q—DenvD'48 1922 F-A
Illinois Div3i28
194i' J-J
194it J-J
Registered
Gold 4s
1949 J-J
Iowa Div sink fund 58.. 1919 A-O
Sinking fund 4s
1919 A-O
Nebraska Extension 4s. 1927 M-N
Registered
1927 M-N
Southwestern Div 48
1921 .M-S
Joint bonds See Great North
Debenture 5s
1913 M-N
Han<fe StJo9cousol6s..l911 M-S
Chic<fe E Illref cfe impg48l955 J-J
1st 8 r cur 68
1907 J-D
1st consol g 6s
1934 A-O
General con.sol 1st 58
1937 M-N
Registered
1937 M-N
96
9238
of $5 to
Apr '06
10914 Oct
£..
lOO'g 101
'01.
102<2Mar'02
111 Mar'02
J-J
F-A
117
117i2J'ne'0(;
II712II8
105'5Dec'04
10234 Oct 'OS
J-J
J-J
A-O
122 J'ne'06
120 Mar'0(
96 >« Apr '06
J-J
J-J
Small
J-J
Virginia tuna debt ii-3s... 1991 J-J
68 deterred Brown Bros ctfs
ices
96
95'2Dec'04
9434 Max'OO
22
22
95 "a.
21
.
122
35
122
9512
96I4
9434
963.
20
2d^
Uailroni:
Alabama Cent
Ry
See So
laba Midi See
At Coast Lin(
Albany c&Susq AeeDel&Hui
Allegheny Valley jSeePennKl
& West
Alleg
K&
See Bnft
Ann Arbor
Ist g 4s
8 i'e— Gen g
Registered
Atch
T<fe
Convg4s
Warrants
/il995 Q-J
A-O
1995 A-O
1955 J-D
conv
Adjustuieul s 4s
Registered!
4s..
.
.
/tl995 No\
/il995 >fo%
/il995 M-N'
Stamped
Debentures 4s Series E. 1907 F-A
Series F
Series y
Series H
Series 1
Series K
1908
F-.^
190i F-A
1910 F-A
1911 F-A
1913 F-A
EastOklaDiv Ist g 43. .1928 Wl-ij
Atl Knox <fe N See L cfe N
Atlantic Coast 1st g 4s./ilP52 M-S
Charles <fe Sav Ist g Vs. .193b J-J
Say F &
let gold 6s.. 1934 A-u
1st gold 5s
1934 A-0
Ala Mid 1st gu gold 5a ..1928 M-IM
W
B^unscS;Wlstgng48..193^
L&N
coU g 4s
J-J
01952
.M-^'
SUSpOca<&UgTig4s ..191iAtlantic
Dauv See South Kj
J-J
<fe
Austin
<fc
N
W
6'«eSou
Paciti'i
Balt<fii01iiopriorlg3'<2S.192.'. J-J
A1925 Q-J
Registered
Gold 4s
Registered
?tl948 A-O
?il94> y-J
PJun&MDivlstg3»2Sl920 M-N
P L E & W Va Sys ref 481941 M-N
South w Ulvl8tg3'2S...192:. J-J
Registered
;il925 Q-J
Monon Kiv Ist gu g 5S..191', F-A
CenOhio Rlstcgli28..193ii M-S
Pitts Clev ifeTol 1st g 68 1922
A-O
& West latg 4s... 19 17 J-J
Bat Creek & a SeeUich Cent
Pitts
N
H
See
YC&
Bellev <fe Car See Illinois Ceni
Bklyn 6k Montauk See Long 1
Bruiis<fe West 6ee Atl Coast L
Buttalo
<fe Erie
See Erie
Buffalo R
P gen g 6s... 1937 -M-S
All & West 1st g 4s gu..l99b A-O
C1& Mah lstgag53....1943 J-J
Boch <fe Pitts let g 68. ..1921 F-A
Consol l8t g 6s
1922 J-D
Batialo
Southwest See Erie
Butt cS; Susq Ist ret g 43.rfl951 J-J
Beecli Creek
NY
&
&
Bur
CR&N
Canada South
SeeCRI&P
1st 53
1st 5».193(i J-J
Chicago <fe Erie see Erie
Chic iu<fc Louisv ref 6S...1947 J-J
1
48.199.".
;
lor 50-yT
Chic& Ind C Ry
190i5 J-J
1913 M-s
1913 M-S
Carb & Shawn See XU Cent
Carolina Cent See Seab Air L
Carthage <fc Ad Sea N Y C c& H
53
Registered
''2d
Ced R la F & N See B C R & ^
Cen Branch U Pl8tg4a... 194.^ J-D
Cen Branch Hy See Mo Pao
Cent of Qa RR let g 58..2>1945 F-A
Consol gold 58
1945 M-N
Regi-stered
1945 M-H
Ist pref income g 58
pl945 Oct
2dpr6l income g 53
j>1945 Oct
Ud pref Income g 58
pl945 Oct
Chatt Div pur mon g 48.1951 J-D
Mac <fe Nor Div 1st g 58.1946 J-J
Mid Ga <fe AU Div 58
1947 J-J
Mobile Div Ist g 58
1046 J-J
&6
95
101^4 Sale
101>4
J'ne'Oi.
90
1023p 10, 100
101
lOO'gMay'Ob
99
100 Hi lom, 274 100 12
IOO'b
101
101
96 101
94 "s 94 V 94
94% 69 91
95 Sep '05
92 -^ 25 91
92'',
921.2
92
V<9'-J
9938May'05
1.J
luO^gSalo
99
104 >10538
Refunding gold 53
Louisv N A &Ch 1st
1947 J-J
6s. 1910 J-J
ChicMU&StPtermgSs
10534
J-J
J-J
Q-J
J-J
97
J-J
Chio&MoRiv
Dnr 5S...1920 J-J
OSi*
98-4 Apr '06
9S34 y»34'
Chic <fe Pac Div 6s
1910 J-J
97'12...
,100 S! Jan '06
IOOI2IOOI2
Chicfe P
l8tg5s
1921 J-J
96 14...
99 Hi Jan '05
Dakcfe GtSog53
1916 J-J
95'>»-..
98'2Wov'04
Far <fc Sou assii g 68
1924 J-J
95 >a 98^8 97 Oct '04
Hast<fe DDivlst7s
1910 J-J
98
99H2Feh'0i
ysSilOli^
IslSs
1910 J-J
I <fc D Exten l8t7s
190S J-J
99\ Sale 991a 100
58 93341021-.;
LaCrosse& D Ist 58
1919 J-J
141S8
Mineral Point Div 58
1910 J-J
128-'4
13'i78 Jau''OG
13278 i32'e
80 Minn Div 1st 6s
1910 J-J
114»8
112»8Jan'04
Southwest Div 1st 68
1909 J-J
iim
114«8Nov'05
Wis <fe Minn Div g 5s
1921 J-J
I00I4
99'.2Mar'06
99 "u 99
MU<fe No IStM L 6s.. ..1910 J-D
9014 Sale
90
6*<
94
90
95 K
1st consol 6s
1913 J-D
97 »« ...... 93 May'06
98
99^2 Chic &Northw cons 78
1916 Q-F
Extension 4s
1886-1926 F-A
Regisrere<1
1886-1926 P-A
96^2 97
93Vj 97
96'4
97
General gold3'as
1987 M-N
94 >«
95 J'ne'06
93
95
ReG;istered
pl9'87 <J-F
103 Sale 103
1031-.'
101 loss
Sinking fund 68. ..1879-1929 A-O
102112 103
J'ne'06
100W,103S2
Registered
1879-1929 A-O
88^1...
91 J'ue'O
9018 92
Sinking fund 58. ..1879-1929 A-O
97 ...
9714 J'ne'Oti
95-4 yy"8
Registered
1879-1929 A-O
9214 9234 92 14
9234
93
90
Debenture 53
1909 M-N
92 »8 J'ne'Oi.
Registered
1909 M-N
106S8
108'uJ'ly'05
Debenture 5s
1921 A-O
102^2
109 Apr'O
Registered
1921 A-O
11714
lI9V!Mar'04
Sinking fund deb 03
1933 M-N
5
»»9
97 May'06
97 100
Registered
1933 M-N
Des Modi Minn 1st 78. .1907 F-A
North lUinois lat 58
1910 M-S
Ott C F & St Paul l3t 53 1909 M-S
Winona <fe St Pet 2d 78.. 1907 -M-N
MU L 8 & West 1st g 63 1921 M-N
Ext & Imp slund g 58 1929 F-A
119 120
119
llOS;
He'll 1191s
Ashland Div 1st g 6s. .1925 Wl-S
101 Hj
Mich Div l8tg68
1924 J-J
115
103 Apr'9
Convertible deb 53
1907 F-A
123 Hj
124 Apr'06
124 124
Incomes
1911 M-N
123 •»
12S'i2Feb'OU
127 1281-2 Clilo Rock Isl & Pac 6s.. .1917 J-J
Registered
1917 J-J
98
98 Hi 98 "2 May'06
98 "a ess,
General gold 43
1988 J-J
Registered
1988 J-J
103 Sale 103
103
101 103
Refun<ling g 43
1934 A-O
105i»105»e 1053b J'ne'OO
105 10834
Coll trust S'enes H 43 ..1910 M-N
10534 Jan '06
10534 10534
J 43
1912 M-N
M43
1915 M-N
N 43
1916 M-N
b 48
1917 M-N
1*.
1914
General g 48 series A..el98y
Registered
el98y
General g 312S series B.el989
Chic cfe LSuDivgos
1921
1021s
9314
'
W
1<^
,
Ask
P4s
120 >4 123
UP4
97
89
Sale
Ill
98
91
Mar'06
94
95
119 May'Ot)
111»8
111^
113 Apr'06
119
33 109
113
121
95
13
!t8
J'lie'dtt
91
J'Dt'Ot)
lUV
113
99
80 Sz 93
9334
80
93
VnS'OB
751a
91
J'ne'06
HO'4.
93
9412
US',..
Dec '05
110^4
IIO"*
115
89
88>i>
Nov'Oo
llSSi Aug'06
.
.
191.S
M-N
Chic R 1 & Pac RR 4a. .2002 M-N
Registered
2002 M N
191*3 M-S
CoU trust gold 5s
Bur Ced R<fc No 1st 53.1906 J-D
Con l8t<fecol trg58...1934 A-O
Registered
1934 A-O
CRIF&NWlstgu 53.1921 A-O
M<Sj St Ll8tgug78..1927 J-D
Choc Ok & G gen g 58 .ol919 J - J
Consol gold 58
1952 M-N
Keok* UesM IstSs
1923 A-O
Ohio St L & N O See lU Cent
January
t
Jiigli
I07I4 ....
12 7 's 130
i'-Ji"
12-134
125
1*25 "a
i3a**
131 !«
ir.
1251-2
11234 May'Oo
-J
Il-3sll3
10359
10718
117
115
107
U)2
101
Mar'UC
lul
102
100
104
J'ne'OH
107
Ma\'06
103 loei*
107 lioia
11614119SJ
li4'4 116
105 109
104 105
112 112
\0J,
117'e
116
8al6
It,
10034
118
J'ne'Or
1071,
May'lib
-u
104
112
1c2'q
101
38
Feb'OI
J'ne'OO
96 4
106
96
>4
May'06
107
106
»0^4Salc
79=8 80
ibiU.
93 't
80
7;'i9
80
101
93
^e
Feb '05
J'ne'O'J
IIOI4 Jan'O:.
lObV T'ne'ue
103
11634 Sale
*
lis
y.')"(i
100
103
10234
li'4i4
104V
107
98
1021,107
103 1411214
94''b 9634
102^4 1043j
102 14
133 Apr'06
131
82
9»
J'ne'Ob
J'ne'OO
J'ue'06
J'ne'Ob
Ho
95^
U)2''a
9934
82 >a
10434 1057,
103^ 103 j'ue'O.
104 14 May'06
yeia.
98
98
10 2
105
109-4
9934
99J4 102
921a 9514
loo's
10034
•^8
4
96''»4
J'ne'OO
1
....
10-2
96 "4
79
73
103 14 104
05 12
-a
102>»
80 14
80
May'Oo
9334
9618
1(12
100^4
II314 Keb'OS
9934 Feb'06
132 139
116ial20
111,34
11634
116'ij 1181-2
119'-j 118^4
Feb '00
118iall84
Mar'06
11734
133
1331a 133 J'ne'OO
11412 115
114 Si J'ne'Ob
108 -fl
1 07 Hi J'ne'OO
108''8
US',
13212 137
ns-a 114>a
107 lOfia
i08i«MXis
108'sMar'OO
93=8 Sale
112 -'8
115 ".J
UOi-j
Ul
109>aJ'ne'04
93^8
95
115'4 0ct '05
il.j34 J'ne'OO
1081-2
108
Apr'OO
114
110
J'ne'OO
1071310819
llSSillo
110
1071a llOVi
109
111
II4I8 li4»s
110 lll'^
12634
II212 114
104 1^
111^4
10434
109
107 !«
112^4
106112
111
I2II4 123
102 14 103
100 -a
98
98 14
.
io-i's
10
112
iiise
10^34 J'ne'06
1063, Feb '00
11234 Apr'06
10334 Mur'OO
10614
10634
11234
10834
115
1221a
1021a
101 -a
115
122
103
102
J'ne'i 6
Apr'OO
Mar'06!
98>4 J'ne'OO
14
97
J'ne'OO
104 ig 104 'i
107^1071^
112
Ma: '06
117
Feb'OO
'-2
l'20i^
119
103
102
94
97
--
119
119
101
99^102
May'06
434
9234
97
89
8»«»
9734 Dec'0,->
Nov'Oo
May'Oi
96
93
76^8 SaYe"'
76>a
90
Sale
117 »8
109
*
io9
120«W
119«,
103>4
J'Iy'04
891a May'06
IO6I4
10715
l2S'al28'a
103
90
89 "a
117
1021a 102^1
122 "a 126 Wj
II7I4II8
Feb'OO
Mar'06
911a
9034
91
H2»4
U634 iiy
117 117
Feb'OO
'J
'4
'04
116»4
105 »8 Sep '05
109 Sep '03
.
la
1041s Mar'OO
Jlar'04
U2I4 -Mui'oo
1 '28
99 Is
94 la Sale
96 ...
94
105
102
100 «j
1 OSS)
1U2
103
10-<34
115
126
113 113
114^2114",
109
Feb '00
Vi.'o'A ...
ig
108»t
IO634
II514
109 J'ne'O.i
107iaJ'ue'06
101 ...
lOl^a
I23I4 .
118 1181^ 117158 May'OO
1263*...
1421a Feb 'O'J
I20I4 122
llTKi....
iVa"
Nov' OS
1-2
105i4Dec'U..
104 Dec'O,".
102 la J'ne'OO
124
I'ue't)o
1021.2
iV8*'i
182 la 182 >»
llliall3ia
Feb'OO
"a
108 '4 Jan
114
111
97
i 1534"
104
105^2
105 "a
"a
93
113 J'ne'OO
106 Aug'U-1
182 la Apr '06
llliaMay'O..
106*8 Apr '05
1
109
106
137iaJ'lv'9'.>
103
113
'J
94
Since
35<
Low
101
Warm SprVal 1st ^58.. 1941 M-S
99i4l01>.,
Range
or
107
-
101 J'ne'Ot;
94 14 138
94 >4
Ranqe
Last Sale
'-'9
Loxo
Hiuh
IOS34 .•\ul:'0."
128 Apr'O'
no
'ij
101
1901 J-J
1901 J-J
1900 J-J
4 to 5
Utah
1,010
10.; Is
Week's
B^idav
June
"
K 58 of 189^* Q-J
1954 J-D
State Securities
Price
STOCK EXCHANGE
Wkrk ExorNfi JlNE 29
N. Y.
7
Y&
Foreifrn (Jov^rninciit
Japanese Govt 6s sterl'S-lSll A.O
191J A-O
2d series tis
of
Ash hoio
Hxiii. A^
103 V 103 "-2 103'.
103W. j'neO'
104
103 Si
Philippine islands 48.1914-3'!
£
BOND.S
Jianrie
Since
Jantiary
104
l(i3a,
103 U 103^4 10334
103
103 J'ne'Oi
107 j'ne'O'J
102 ^
104'-2Oct "0.
b 38 re'Tisterea
/cl'.U.'^
/i:H>l>S 3s coupon
H 3s ret' small boii(ls..A;]yl>
S 3s cou small boii<la../fi;U.'/dSH)'
S 4s resristererl
AUIC.
8 4s coupou
.....li>-8 48 rejiistereil
S 4s coupon
li'"2.
U «
2.9
Bid
S. «;<ivt>niineni
Li.
Week's
Range or
Last Sale
FYidav
J line
Weekly and Yearly
i'Af;K>
73
76
79 Dec '05
90 '4
91
102'fMay'()6
113 J'ne'OO
1201a Mar'03
111 Nov'05
105
Ill
103
>a
May'04
81
«>
"Va"
10014102H
j-S'4
May'06.
M»y'06.
Apr'OO.
113
II914
105
loei^
108
111^
110
83
117
92
in
111
ni1.SCEI>I.ANEUIJS BUND.-^Uontinned on Next Pa«e.
Street Knilway
Brooklyn Bap Tr g 58
1945
Istreftind conv g 4s
2002
BkCity Istoon 58.1916.1941
Bk Q Co & 8 con gu g 5s. 1941
Bklyn Un El Istg 4-53.19.50
Stamped truar 4-5s
1950
Kings Co El Istg 4s
1949
Stamped guar 48
1949
Kassau Elec gu g 48
1951
ConnRy&
A-O
J-J
J-J
M-N
F-A
F-A
F-A
FA
JJ
Llsttfc ref g4ia8'51 J-J
Stnmi)cd guar 4^3
1961 J-J
Den Con Tr Co Ist g 58...193:; A-C
Den Tram Co con g 68. .191' J-J
Det United Ist con c4'a8.l93 J-J
Havana Klec consol g 53.195'j
Inlcr-Met coll 412s
19;c A-(>
IiOUiH Ky t;o Ist con ir 5s. .1931 JManila Eleo Ist
coll 58.195:! M-S
105Vjl06 105 13 10518
1 105 ig 109
96 Sale
96
971a 155 9H4IOO
107
J'ne'OO
106 107
106«b109
100
100 J'ne'OO
100 104
109 Sale lOSia 109
1071a 11314
110 Feb'OO
110 no
"1 )l May'OG
:::::;
90
95
96i«
92
92
92
89
8;t>..,
88
f^8
J'ne'OO
871a
1031,
102 Mar'OO
102 102
101
"'96''.,"
9334
85
price
tills
Salf-
week,
lOC''%102i4
84''4
a Due Jaa
'9'-i"'^"9'<j''i
Mar'9
it
LexAv&PFlstgugSs 1993 M-S
1
Ry Lt kL& L>
g 58. 1937 M-N
St Paul City Cab cou g Ss, 1937 J-J
t<7'\
May'OI
& 9th A V 1 8t gu g 58..1993 M-S
Ave RR con gu 4s 2000 J-J
Ave Ry lstg5.s.. 1937 J-J
MetWS EI (Chic) Istg 4s. 1938 FA
MU El Ry & L 30-yr g 58. 1926 F-A
Minn St Ry 1st con g 63.. 1919 J-J
N Ort Hy & I.t iron 41-28 .. 193.. J-J
Col
Third
Third
C
St
Jo
9534
90
9334 J'ne'Ob
109
98
&
.B-riday; latest
102 4A](r'oc,
96 J'ne'OO
.2002 A-O
Bway&7th Av Istcgos 1943 J-D
1
FA
*Jlo price
Street Kail^vny
col tr g 5a..1997 F-A
Met St Ry gen
Ref g4s
]
Due Apr
9.<>a
9534
«4»t
90'.,
b'^'Too'v
«
1
St
Underground of Lon 5a... 1908 J-li
Union El (Chic) Ist g 5s.. 1945 A-O
I'nlted RRs San Frsf 4s. 1927 A-O
United Uy8 St L l.st g 4s. 1931 J-J
>
Chic St 40-yr con g 5s. 193(; M N
I
1
I
W
Due May yUwJ'ao /iDue
J'ly
^DueAng
llOialllia 111
111
85 ....
84 la
85
in 113'4M»y'00
iiaians 114'-2May'00
11578 114 May'06
Vi
941a
91»s
1161411814 11638 118
94 Oct '05
93^1
106 Oct '99
1041a
107 la Feb'06
92
9218 92 i8
92
101
llliaNov'ti.')
114
96'.,
95 "a 9534 951a
70
IO634 J'ly'05
101
80 Sale
80
80
8'^
89
.'•S "a
99 Dec '97
1,
'•
Dae Oct
p Due Nor
1
1121a lies*
lUialia**
11319 iiei^
921a 96 >9
lie's 119
107
-a
92
1074
92 >«
9 5 la
98»4
"7'i""
"sa'sl
861a
90
Option SftU
New York Bond Record— Continued— Page
14S4
BONDS
mef
STOCK EXCHANGE
Were Knuino Jcnk 2'J
Ohio St L
<£;
M
P
Clilc St
Cons
I'ills
<fe
O
con
t>»-..l'.l3<>
Oh St P <t M Lun 1 8t Us 1 r?
Uor WiscouHiii Isl 68...iy:-i()
SI
j;
131
92
J-I>
P& SClty Istg t)8...iyi'.i
•Cl>ic<fc
Chic
&
J-J
tiee
Pere
136
93
133
ityulOO
113
WeslInUKeiiKtJsfliya'i i^-U
W ilich
135
"-J
131=8:33
12s
120 Hi
.Vl-N
A-O
Cttlcafio Ter Trans g 4s. ..11)47 J-J
Coupon oil
St
Last Sale
Ask Low
liul
6ee l'c..i.Co
roduceil to asM.l'.'yo J. I)
lih
WeeiCt
Jiange
Since
Bange or
fYidav
June 29
K. T.
\
January
iiajh
Mav'OC.
1313, IJu.^
120»4 J'ne'OO
120'«124>„
lOlivMay'Oi
IDO'alOl'-v
99 h,
99'-j
113»-j
98
113
100 '<
1143«
<fc
C I St I. <fc O 6ee C G C <& St L
& C Hee C C C St L
Ciearheld & Mali See B K <fe P
Clev Ciu C ik St L gen g 4s li)U3
Cairo l>iT 1st gold48....193<t
Cln \V& MDiv Istg 48.1991
6t L Div 1st col tr g4s..l990
J-J
.110
\/l-N
113
112
Cot '00
Mar'06
199(1
Spr
112
112
91
Mar'OG
91
91
J-J
IO2I4
J-D
1001, 100i4J'ne'06
99 100 Oct '04
U-N
«-N
J8t irold 48
....fcl93()
Q-F
Q-P
CuiB&
CCC&
W
W
9714
101
101
ii3u lii"
J-J
J-D
J-D
J-J
J-J
Del JLack
<fe
Morris &
MK
See
101
May'06
101
101
1031a
103
Registered
122
122
1301*.
134
Feb '06
134
135
98
72
98i-;0'ne'o6
109»8
73 J'ne'06
llS'-aMar'Oe
J.J
115
lie's Jan •06
74
75
76
93 "a 94
.M-S
Vl-N
.
J-J
J-J
J-D
J-J
M
1995 J-D
76
98 >a
76
2d bs
1916 J-J
Dal Short Line Istgu 5s. .1916 M-S
BIgiu Joi & Kast 1st g 5s. 1941
KlSi Cort <fc N o See Leh & N Y
1947
Srie lstextgold4s
2d ext gold 58
1919
1923
-Sd ext gold 4'2S
4th ext gold 5s
1920
1928
6th ext gold 48
1920
Ist consol gold 78
1920
Istcousolg tund 78
Erie 1st con g 48 prior.. 1990
Registered
1996
1st consol gen lien g 48.. 1996
Registered
1996
Penu coli tr g 4s
1951
60-year conv 4s A
1963
BuillS' Y& Erie l8t 78.. 1916
gold 68
butt&S
1908
Chicfc Kne 1st gold 5s.. 1982
Jea RK lstgug5s
al909
XiOng Dock consol g 68. .1935
Coal <fc RK Isl cur gu 6s.l922
Dock & Imp 1st cur 6s. .1913
W Y & Green L gu g 58.194e
N Y Sus & Ist ref 6s.l937
2d gold 4'2S
1937
General gold 58
1940
Terminallst gold 5s.. .1943
Regis .¥5,000 each.. .1943
Mid RHot N J Istg 63.1910
WUkiic Ea Istgu g 58.1942
Ev<fe Ind IslcoD gu g6s..l926
W
W
J-J
•
110
105
1121a
...
111^8...
108 »a...
A-»-
112^8...
100^4 . .
M-S
M-S
130'8l31'2
J-J
J-J
J-J
J-J
101 »2 102
F-A
A-0
J-D
94
103
M-N
J-J
F-A
F-A
M-N
M-N
A-0
J-D
J-J
Sep
lieiallSia
74»4
Electric Light
A.tlanta G L Co Istg 5s.. .1947 J-D
Bklyn U Gas 1st cong 5s-1945 M-N
79i«
9612
Feb '06
99 J* 9914
95
9634
88
Consam Gas
93
Sale
9414
Sale
I2OI4
IOII4
11934 1'20»,
102
132»al35'u
114
Sec
1947 A-O
1909 J-J
P G & C Co
UrRapG LCo
o price Friday; latest bid
103
101
10
111 '4 115
8734 91
Dec '05
GuU<4;SllstreI&tg58 61952 J-J
104% Sale 103 13
IO5I4
Hock Val 1 61 consol g 4 las
108 13 Sale
10634 110
100
IOOSbIOI"*
100 100
Ry
.
1 999 J-J
1999 J-J
H V Ist ext g 48.. 1948
iUinoia Central Ist g 4s. .1951
Roistered
1951
Ist gold 3ia8
1951
Registered
1951
Extended Ist gSias
1951
Ist gold 38 sterling
1951
CoU Trust gold 48
1962
Registered
1952
J-J
J-J
J-J
J-J
A-O
M-S
A-O
A-O
L N O & Tex gold 4s ...1953 M-N
Registered
1953 M-N
Cairo Bridge gold 4s
1950 J-D
IiOuxavDiv&Term g3ia8.1953 J-J
Middle Divreg5s
1921 F-A
Omaha Div Ist g 3s
1951 F-A
St Louis Div&term g 38.1951 J-J
J-J
J-J
J-J
J-J
9934 Sale
9718 1011a
108 "a 108 Wj
105iaJ'ly'04
100 May'06
10134 104^6 100 Apr 'Ob
llliallS
106^
102
...
Dec '05
110
113iaMar'00
100 J'ne'06
94 Mar'03
9912 99 la J'ne'06
70 Oct '04
106
106 J'ne'06
.106 102 Oct '01
ioi'i.
105
105
100 May'06
100 la.
1061a Alar'03
92I4 Apr'OO
93
105
123 Mbv'99
100^4
100
100
tja'iiibiii
104
"a
103
100
107
"4
lOOHl
100
91 >a 94»4
.
.
»93
781a
Apr '06
82
May'06
la
781a 731a
8212 821a
gSia 93'a
931a
931a
101 1« Oct '99
F-A
J-D
M-S
J-D
J-D
J.D
J-D
J-D
M-S
10134
116
122
Dec '05
90
Nov'98
J-J
104
J-J
J-J
104
M-N
M-S
M-S
J-D
M-S
98 "4 101 'g
9734
Nov'OO
10734 Jan '06
115
103
105 Tg
110 Sale
116
....
107
110
107
110
Apr'OO
116
109
70
145
1131a
...
i07
110
116
110
109
,
Sale
71
143
104
106
116
and asked
J'ne'06
J'ue'OO
146
118
103
105 110
II5I4II5I4
109 14
113
118
104
1081*11310
70
8O34
137
102
16834
104
8GI4
90
Dec '00
100
I2OI4
120^8
12038
11934 Mar'04
"8 61^!
993^
10734 107»4
i203^ 1231^
9368May'04
llOiaJan'05
103 Nov'04
.
lOS'sJan'OG
108'8 108^8
1071a Deo 02
100 May'06
117 J'ne'Ot;
100 ig J'ne'06
76=4 771, 75 "4 J'ne'06
llli^Sale IIII4 IIII4
86
86 Mar'Oti
,
100>4l01
118
100 102
99
116
98
100
120
102V
761, 80
IIII4II5
86
8S
1941 J-J
gug 6s. .1945 A-O
See N Y Cent
Y 1st gu g 4128.I94O
L Sho & Mich S
Registered
H)S^
J-J
J-J
72<%Salo
11734
72=8
72=8
63
Oct '00
118
iiesgiia
11234 113 <a
117 117
lllV)
logialllia
11234
J'ne'06
11234
108
117
Jan
.
lllia.
10634
lllia
112i8Nov'05
.
98I4
11834
M-N
A-O
A-O
93I4
Apr 'Ob
113
112=8 Apr'06
98 "4 May'06
.
,
Q-J
n
98 >4 98 >«
11834 1201a
109 la Oct '99
99
M-S
M-S
A-0 107
A-O 10234
J-J
76^4
'06
H2»4.
.
701a
115
100
091a Sale
112
96I4
1151a
96i«
113'8Jan'06
106i4Jan'06
113'ell3'«
106 14 106 •«
115
iumi7
J'ne-06
931a
98'a
102 NoT'05
99I4 Oct '05
'98iii02^i
Sale 10234 103 la
101 Apr'OO
I!";."il3i8 111 i« J'ne'06
973«
971a 973« 97 la
114 14 J'ne'06
1091a...
IO216IO4I4
100 101
111>«11&1«
97 100i«
M-S
J-D
97 sale
97
M-S
10 96 101\
96'b
110 J'ne'04
J-D
9913.
M-S
99"i02ii
99 V
991a
M-S 1061a.
M-S 101
105 Dec '05
112 Mar'02
K XB&MBlstcong6sl936 A-O
1927 M-S
111 Jan '06
111 111
N Y<fe BB Ist g 58
11218 J'ly 05
Nor ShB 1st con g gu5s ol932
1091s
105 Salt 106
105
Louisiana <& Ark Ist g 68.1927
106
105
II6I4 J'ne'06
115i4l20i«
Louisv & Nashv gen g 6s. 1930 J-D 116
Gold 5s
1937 M-N '1171s 118 1211* Feb '06
120 121H
1940
1940
1931
6-20-yr col tr deed g 4s. 1923
E H <fe Nash 1st g 68
1919
Unified gold 4s
Registered
CoU trust gold 58
.
J-J
J-J
M-N
A-O
J-D
103
on Next ^age.
Oa.s nntl Electric I.iigfat
La<: Gas Lot St List g 6s.el919
Ref and ext 1st g6s
1934
Milwaukee Gas L 1st 4s.. 1927
58.. .1948
Purchase money g 4s. ..1949
Ed El lU Ist conv g 5s.. 1910
1995
1st consol gold 5s
NY&QEl L<fcP 1st con g 581930
N Y <fc Rich Gas 1st g 5S-1921
Pat & Pas G & E con g 6s. 1949
Peo Gas & C 1st con g Gs.l943
Refunding gold 5s
1947
ChG-L<fcCkelstgug5s 1937
NYGELH&Pg
Con G Coof Cb 1st gug 5s. '36
Mu Fuel Gas Istgu g 5s. 1947
Syracuse Lighting 1st g 6s. '51
Xreiuou G <k El 1st g 58. .1949
Westchester Light'e c 5s. 1950
Q-F 106
A-O
M-N
J-D io5
F-A
87
M-S
101i«
J-J
104 108^
103<al03i«
105
105
1 03 15 May'06
93i4J'no'OG
106 J'ne'06
106
10538
941a
106
88
87
93
10578
8''
92
10178 104 s.
II3I4II8
100 Is 104 "a
1021a Apr '06
1 13 14 J'ne'06
IO2I2 lOliaJ'ne'06
103 NoT'05
:::;:: :;::::i 1043, Nov'05
120 J'ne'06
IO6I4 105^8 J'ne'06
107 J'ne'06
106
105 .T'ne'06
F-A 101
M-N
MS
A-O
M-S
J-J
94%
109^
86
117
1031a
107
105
1
123
107 Tg
107
108
J-D
M-N
103 la Dec '05
J-D ibo's] ioi'i.M-S 109
Feb '06
121 122
121
110 May '05
)3ia 93
J-D 104
106 108^
93 la Mar'OG
106 Hi Apr '06
week, o Due Jan bDueFeb tiDueApr eDueMay /iDueJ'ly A'DueAug oDueOct jDueDec sOj/Uon Sato
105
98
106
Feb '06
105
98
98
"-J
this
W
2d gold 68
Nortli Ohio 1st
BONUS—CoMinued
Sep '05
112 Nov'03
61 la Oct '01
9j J'ue'06
10734
105
96
Registered
1960 A-O
Kentucky Cent See L <fe N
Keok & Des Mo See C R I<feP
KnoxviUe & Ohio See So Ry
Lake Erie cfe Ist g 6s. .1937 J-J
1940
Lehigh Val (Pa) cons g48.2003
Leh V Ter Ry 1st gu g5s.l941
11638 J'ne"06
Registered
116%11938
1941
Leh V Coal Co 1st gu g 6s. 1933
107'2J"an'06
107121071a LehifeN Y Ist guar g 48.. 1945
114>iFeb'06
114 1141a
Registered
1945
I07I4IO8I4
10714 May'06
El C <fc N Ist pf 6s
1914
II514 Jau'06
1151411514
Gold guar 5s
1914
103 Fel)'05
Leh & Hud R Bee Cent of N J
131 J'ne'06
128681341a Leh tSi Wilkes b See Cent of N J
133 Feb '06
133 133
Leroy & Caney Val See Mo P
IOII4
101\
9914102
Long Dock See ji.rie
lOO"* Apr'06
1001410014 Long Isl'd— 1st con g58.ftl931
93
93 la
90
1st consol gold 4s
ftl931
93 la
88 Nov'04
General gold 48
1938
94
2 91
94
Ferry gold4i3S
1922
98
103
105 105 100'4 1097g
Gold 4s
1932
127 Nov'05
Unified gold 4s
1949
10463 Feb '06
104=8 104 =e
Debenture gold 58
1934
11934 J'ne'06
118 12234
Guar ref gold 48
1949
10234 Dec 05
Bklyn <fc Mont let g 6s. .1911
13618 135 "i
Ist 5s
1911
1351a Feb '06
118 J'ly'04
11538Dec'05
114'8
121 la Oct '05
lie's 117»s 116iaJ'ne'06
103 Feb '06
10568 107
105 J'ne'06
117
118 May'06
lOS
Istg
58.. .1915 F-A
Hudson Co Gas Ist g 5s. .1949 M-N
Kan City (Mo) Ga.s 1st g 5s 1922 A-O
Kings Co El L<fcP g 58. ..1937 .'V-O
I^lirchase money 68
1997 A-O
Kd El II Bku Istoon g4s 193i J-J
1113, J'ne'.iO
873,
b73,
100 Is
Leh Val N
113
Ill's...
Detroit City Gas g 5s
1923 J-J
104
Det Gas Co con Ist g 68.. .1918 F-A 102 la
JCdEllUBkn /beeKCoEL&P
Ifid E lU «ee N y G <fc E L H cfc P
liq G LN i' l8t con g 5s.. 1932 M-S
UaS(ie Elcc BergCoC g5s.l949 J-D
89
Gen Eleclnc deb g 3ias..l942 FA
ill
9334
112
112-iall2>2
iiikI
ButtaloGas IstgSs
Consol Gas conv deb Os
W
See St L S
tr 48 1921 J-J
1921 Q-J
See Ches & O
KC<feMR<feB ^^StLcfeSF
Kan C & PacUio 6'e« M K <fc T
Kan City Sou 1st gold 3s.. 1960 A-O
lYllSCELLANEOLlai
iias
Ill
89
991a
9734
Registered. ft
W
'04
113 '2 Apr '06
.
MS
J-J
A-O
A-O
Col & Tol 1st ex 4s
1955 F-A
Hooflt E &
Tex iSee So Pac
Houst & Tex Cen See So Pac Co
1031a
114
M-N
M-S
J-J
Term
Gt Nor— C B <& Q coU
Col<fe
96>al01
69
80
90
99'4Feb*06
96^4 Mar'06
93
8I34 Mar'05
89'2 89 la J'ne'06
112 May'06
91
iiev,
M-N
A-O
A-O
M-N
88
M
IM-K
J-D
Gray's Pt
1951
Gold 31-18
1951
Registered
1951
10534
104''eApr'06
1047810^
Spring Div 1st g 3ias... 1951
120
120 J'ne'06
120 1261^
Western Lines Ist g 4s. .1961
1203,
127 Jan '06
12638127
BeUev & Car 1st 6s
1923
127 J'ne'05
Carb & Shaw 1st g 4s... 1932
Chic St L &
O g 58.. .1951
1241a 126'2 126'8Mai'06
12618 126'4
Registered
1951
110^4
112 Mai'06
112 114*6
Gold 313S
1961
10238
102 "4 J'ne'06
102 IO2I4
Registered
1951
102^4
101 la May'06
lOlia 10414
Memph Div Ist g4s... 1951
95
102 Feb '03
St L Sou Ist gu g 48.. ..1931
127'a
133 Feb'06
133 133
Ind Bl & West See C G C & St L
149 Aug'Ol
Ind Dec & Wist g 5s
1936
107^4 Sale 107»4 109 229 107 '411014
Ist guar gold 5s
1935
llli-j
20 106 117
112'^ 114
IndlUife la Istg 48
1950
133%
142'sMar'05
Int & Great Nor Ist g 6s.. 1919
2d gold 6s
1909
100 »o...
10034 J'ne'06
3d gold 48
99 IOII4
1921
IO6I3 108
108 >2 108 Mar'06
Iowa Central 1st gold 68. .1938
105'4
107 "4 May'06
107 109
Gold 4s
1961
96^4 98
96I4IOO
Jederson BR See Erie
97% 98
88»4 88»4
88\
I/alA&GR fieeL8<feMS
86 la 92
IVajQ & Mich See Tol & O O
37 Jan '02
K G Ft S &
6'ee St L & S F
1951 J-D
D6t Sou Istg 4s
Oliio Sou Div 1st g 48... 1941 M-S
Dul& iron Range Ist 5s.. 1937 A-O *113
1937 A-O
Begisiered
Doi So Shore & Atl g 68.. 1937
il^astot Minn 4>eeStPM&M
LEiast Ten Va & Ga &'ee So By
H of 1882 Isl 6s. 1913
& Ala See Sea A Line
See Sea A Line
Georgia Pacific See So Hy
GUa V G & Nor See So Pac Co
Gouv & Oswegat See N Y Ceni
(jrand Rap<fc Ind aee Penn RR
<fc
N
M-N
A-O
F-A
M-S
M-S
J-D
A-O
M-N
A-O
A-O
H
io6»i
Mar'9S
105
J-D
RioGr l8tg48...192« J.J
Har <fc S A See So Pac Co
,
FA
Des M & Minn See Cli & N W
Des Moi Un Ry 1st g 58. .1917
Det M & Tol See Li S & M So
Det & Mack 1st lien g 4s. 1995 J-D
G014 48
W&DenC let g 68.. ..1921
^al
ibe'ii
tel i'
.
1st 68.. .192) J-J
1923
1923
Term <fe improve4s
Syr Bine <fe N Y lsl78..190G
Warren Ist ret gug 3 138. 2000
Del & Hud let Pa Dlv 7s. 1917
1917
Reeistereri
1916
lO-yx cjnv deb 48
194G
A-lb <fe Sus conv 'i^a
Kens<& Saratoga Ist 78.1921
Del Rlv RR Bridge See Pa RR
Denv<& R Grist con g 48.1936
1936
Consol gold 412S
Improvement gold 58.. .1928
1939
Bio Gr West 1st g 4s
Mge and col trust 48A.1949
Utah Cent lslguR4sal917
Rio Gr So gu See Rio Gr bo
<fc St L
Des Moi da yxD See
. .
Pens Mar
Fl» C<fe Peniu A'ee Sea Air Line
Kort St U D Co 1st g 4'a8.1941 J-J
.
1915 J-D
191' J-D
Construction 5s
M d:
Registered.
200U J-D
gu gS'ss
K Y Lack & W
Cb
1
Low MigK
iS'ee
Registered
U2»b115
11814
A-0
Apr
A-O
T
Western 78.. .1907
Essex 1st 7s.. .1914
1st consol guar 7s
Ist rel
<fe
,See
& 81 Jo See C B & Q
Han
ousatonic 6'ee N Y N H & H
104»aNoT'01
TSak&GtSo 6eeCM<feStP
Waco
So
Greenbrier
W
<fc
&
lint&PereM
V Tfal
102 10534
I0Ui4l00>4
100 lOl't
100 103
113'4 J'ne'06
122 Jan '06
A-0
Q.J
Clev <fe Pitta See Penn Co
1947 J-J
Col Midland 1st c 48
Colorado (k Sea let g 48... 1929 F-A
Ry
Coiniu & Greeuv Se^ So
Col & Hock Val See Hock Val
Col & Tol See Hock Val
Col Conn <fe Term See JS' <fe
Conn & Pas Hivs Ist g 48.1943 A-0
JL' alias
Jiange
Since
January
Ga Car & Kor
99S4Feb'05
94'a Aug'03
105 Jan '04
106 >«
101>9
consul
fcl93G
Registered
CI con Istg 58.. 1928
1914
1 consolTs
1914
Consol sink fund 78
General consolgoldGs. 1934
1934
Eetrisietetl
Ist pref 48.194U
Ind Bids
Isl pi 58...itl93b
O Ind <fc
X'eo<& Kast I8tcou4s...l940
1990
Incom648
CI Lor & Wli con Ist p 5s.l933
Clev & Marietta See tenn RK
Clev& Mahon Val g 58.. .1938
•
I02»4 J'ue'06
IOOI4 J'ne'06
100 J'ue'ue
100 i-j
100 lO'J
J-J
J-J
Val Divl8tg4s...]94U J-J
WW
L&C
GB..1920 M-N
O
I St
WeeiC*
Range or
Last Sate
Georgia
M-N
Col I)iv Ist g 48. .1940 .M-S
<k
L">argo
I
/
Cln S
RejTlste.revl
/ruse
Friday
June Hy
Bid
Htg/i
Kne & Pitts >!><« Penn Co
A
Low
KvaimA T H IhIcods 68.1921 J-J 20
122 Oct '05
I09i..j'ne'.l6
106
109
Istgeueral gold 58
"a
"a
1942 A-O
114 Apr '05
Ml Vernon 1st gold 6«..1923 A-O
lOij'4 Feboe
Soil Co Branch Ist g6». 1930 A-O 103 »a.
Ft
Ft W<fc
Jliirq
Choc O & G ulf iieeClil& P
D 2il (toUl 4HJ8...1937
Cln H
Cin 1^ ac 1 1st ffu K 58...1941
C ITind & Ft W 1st pu 48 p.'28
Cin 1 & W l8t mi K 4fi.l9ya
3.£
1
Dec '03
133
129'4 Mar'04
113'a
STOCK BXCHANOE
Wkkk K.vdinq Ju.ve 29
N. Y.
7
[Vol. lxxjqi
2
.
June
New York Bond EeCOrd— Continued— Page
30 1906]
UOiM>.-<
STOCK KXCHA-NGK
5^
Webk Enuikg Jcnk 29
K. Y.
All Kilox
ifc
Kor
M-N
J-J
J-J
122U.
M-S
LA; N-«outh M )oiu1,4s.l952 J-J
S IstgTi K 58... 1937 K-A
Pens <fc Atl iBt gu g 68. .1921 b'-A
AJa
con RU g 58. ,1936 F-A
a
S d1910 A-O
Siabluuii pol(l6s
Beige
Jett
Co joig 4s.. 1945 M-S
L&
JN l''la<fe
M
A&
Ch SeeCl&
L.
L
m
W
M&
lOcJi-j-lan'Ot;
100 J'lie'Oi
IO5I2
97
9/
114 119
111
112
108^4 J'l'e'HG
9/ Jiio'06
J'ly
J'ly
FA
10034
104
105
Gen
St
8
N
1;
134 Hi.
J-D
J-D
A-0
J-D
M-N
118
103
look's
80 Vi
771.2
85
201^
151b
18
2638
137
J'ne'05
Si
VI-
"97"
111
J-J
88
F-A
1944 M-N
2004 M-S
ref g48....2001
100
89
106
<fe
SherSh<fe So 1st gug 58.1943
Tex <feOklal8tgug5s... 1943
1906
Missouri Pacltio 3d 7s
1920
1st consol gold 68
Trust gold 5s stamped. al917
al917
Registered
1920
1st coll goldSs
1945
40-year gold loan 4s
Cent Br Ry 1st gu g 48.1919
1926
Leroy <feCVALlstg5s
Pao R of Mo Ist ex g 43.1938
2d extended gold Ss... 1938
St L Ir M<fe Sgen con g 581931
Gen con stamp gtd g 5s 1931
UniHed <fc ref goid 4s.. 1929
Riv & G Div Ist g 4s.. 1933
1st g 5s. 1926
Verdi V 1 &
Mob (& Birm prior lien g 53 1945
1945
Mortgage gold 48
Mob J&li Cist cons g 58.1953
Mob <fe Ohio new gold 6s.. 1927
lat extension gold6s..ft.l927
1938
General gold 48
Montgom DiT Ist g 68. .1947
St L<fc Cairo coll g 43..el930
1931
Guaranteed g4s
See Southern
<fe O coll 48
W
99i«
8812
106
M-S 107
J-D 101
M-S
M-N 1021,
M-N 120 Hi
M-S
M-S •105
F-A 106
92
M-B
A
J-J
F-A
J-J
A-0
A-0
J-J
M-N
M-S
J.J
J-J
J-J
89
68
108
96
96
104^4
lii
MK&ToIT Ist gugSs. 1942
10034 102 14
99'*
88 Si
106
J'ue'ue
i-j
8813
A-0
F-A
I'eb'Ob
J'ne'06
105
I2OJ4
120
103Sa 1071s
M
12038
11734
'06
94Sj 97
126
127
Dec '05
jan'06
9334
99
US-a 11434
il4HiJ'ue'06
98i2J'ne'06
101 Nov'04
98
96
Mohawk
W
MW
Nash Elor & Shef See L & N
Nat ot Mex prior Uen 4*38. 1926 J-J
1951 A-O
Ist consol 4s
NewH&D SeeNYNU&H
N J J.uno KR See N Y Cent
New & Cin Bdge Sea Penn Co
N O N E prior lien e 68 pl915
N Y Bkln & Man Boh See L I
N YCentifc H
g 3<2S.1907
<fe
119 May'06
11338 11338
117
113
113
119i4Feb'06
117 14 Mar'05
.
.
113
.
J'ly '04
106 Apr '06
8414 841a
Si's
—
115S2ll9»b
10 112 I15i»
II914II914
IO212IO5
21 83
87 Sj
StPaul&Dul
104
119
119
IO7I4
^<
120
S(
104Sl
96'^,
98 Si
lOOSiNov'OO
96\
96^
97
105i8Mai'05
112
114
118=8
119S2 Mar'05
114 J'ne'06
11334 Jan '02
II3S2II8
107 Sa Feb '05
104SiJ'ue'06
103 Oct '0
10334 106
Feb'06
124
.
lOlSi
lOlSiSiae
lOSSjllO
131
13H4
130
100
100'
J-D
92^4 sale
J-J
100 'i.
Q
105
J
Q-J
1st 58.. ..1931
-A
1917 A-O
Nor & Mont See N
W
River
OInd &
See
101
101
1011.2
101 s
S2
110
132=8
130^4
12934
10038
100
125
124
Sale
107
10734 111
132 4 1323*
13034 130*4
100%
Feb'06
923,
93=s
9934
100
97
28 91
109 Si Feb '06
100 14 100 14
lOlSj
1131^
100 1< 10434
101
lOlS,
May'OB
Api '06
Feb'OG
Nov'05
98 S2 J'ne'06
M-N
Ist cons'oi gold48!"!!!l968 J-D
1948 Q-M
Wash Cent 1st g48
Nor Pao Ter Co 1st g 6s. .1933 J-J
Nor Ry Cal See So Pao
Nor Wis See O St P
O
\
105
106 Si
102 Si May'OO
V63,
76
76
76
98 J'ne'06
132
113
91
93
116
.
95Sl
97 102>4 106i«
102 14 106
76
78>a
98
76
101
124
125
7434
Mar'06
Mar'06
lOOSiNoT'Oci
1163b.
994
J'ly '99
1.0934
.
103
100
99=8 103
12434 May'06
98Si.
115
109S»110
113
May'06
May'OO
91
116
(^3
11634
M&
Y Cent
C C C & St L
hio
RR Ist g 58.1936 J-D
General gold 58
1937 A-O
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pao
Ore Short Lone See Un Pao
Oswego & Rome See
.
109
113Si 116 May'OG
lllS^ 11434 Jan '06
116 116
1101*11434
NYC
OCF&StfP SeeC&NW
Oz'rk & Cher C Ist gu 53 g.l913 A-O
Coast Co Ist g 68
1946 J-D
Pao
ac of Missouri See Mo Pac
98I4
110
Sale
98 14 J'ne'06
110
110
10334
106 '4 Jan '06
102 Apr '02
108
10734
9814 100=8
114
110
lOOSalO?
10734
10634 10334
1073^ 10734 Dec '05
Registered
1921 J-J
90S2J'ne'06
Guar 3Sj8 coll trust reg.1937 M-S "Sijia.
OlSjMar'OO
Guar 3 Sja coll tr ser B...1941 F-A
96 Si
Tr Co certif's gu g 3ia8.19i6 M-N
96S) 96 Si
118 J'ue'06
C St L & P 1st con g 58.1932 A-O 117SJ.
1932 A-O
Registered
CI & Pgengug4i28serA.'42 J-J
Series B
1942 A-O
Series
1948 M-N
3Sjs
Series D3S»3
1960 P-A
<fc Pitts gu g 3 Sas B. 1940 J-J
Series C
1940 J-J
PCC&StLgu4SasA...1940 A-0
108S:
2d73
3d 78
Penn
B guar
D Jaguar
E 3Sj guar
1942
1942
1946
1949
g
1963
4s guar
& C Ist 7s.. .1912
1912
C guar
F
W
RR Ist real est g48.1923
Consol gold 6s
1919
1943
Consol gold 48
Convertible g 3S28
1915
1912
Convertible g 3Sj8
Alleg Val gen gu g 4s.. .1942
CI & Mar Ist gu g 4Si8..1935
D R R R & Bge Isl gu 4s g.'36
Or R <& I ex Ist gu g 4S>8 1941
BONUS—Continuod
9534
....
,
J-J
J-J
M-N
M-S
M-N
J-D
M-N
M-S
M-N
F-A
J.J
Si
96
118
96 Jan '04
96i4Jan'0b
A-O 108 Si 110
M-N
98I4.
M-N
91
F-A
J-D
hWVi A-O
91
90S»
92»4
98
122
981a Dec '05
Bdge gen gug4Sjal945 J-J
Series
Series
Series
Series
Series
Pitts Ft
90 Si
108i4Aug'03
114
96
96
102 Si
N&
A-0
lUlMCELXiANKOUis
96I4
961*
Apr '04
109 Si 112 '8
109Sjll2i4
110
110
110 J'ne'06
112S>J'ne'05
99 J'ne'06
99
99
92 Si 94 1«
92SiMar'06
1270b Oct '02
118 119
119 J'ne'06
119 Apr '04
104 '8 107 106 Si J'ne'06
106Sil06»9
ill's sop '04
106 Aug'03
98 13 Sale
941* 93 931-2 101
93 S»
«73< 225
95=810534
97
97S! 9714
IO4I4 Oct '06
Jan'06
110
107 Si May'OO
108
IO713 108<Si
on Next Pago
Telegraph and Telephone
ConI and Iron
Ool F & I Co gen s 1 g 5s.. 1948
Convertible deb g 58
1911
Col
& I Dev gu 5s K..1909
Ool Fuel Co gen gold 68.1919
Gr Riv Coal & C Ist g 6»1919
Col Induslst conv 58 gu A. 1934
1st K <fc coll 58 gu Ser B.1934
Fontlu't.acistsf gu58g.l95Vi
ell & Clear G & 1 Ist g 5s. 1926
2d gold 5s
1926
Kan <& C (& C Ist 8 f g 58.19.''> 1
Pleas Val Coal Ist gst 68.1928
Tenn Coal gen 58
1961
Tenn Div lat g 68
al917
Birm Div Ist consol 6s.. 19 17
CaU C
Co l«t gu g 68.1922
De Bar C <& I Co gu g 6s. 1910
IronCoal&Colstg 58.1949
latest bid
107
IIJ
J'ue'Uj
lOlSj.Mat'tiO
1191-;
984
Erie
N
"No price FrlOay;
J'neOB
115
104
.
1181*.
II314.
.
V
IO714 J'nedt'
118'4
J-J
Ist s fund g4S23.. 1917 A-O
Sink fund subsidy g 63. .1910 M-N
Penn Co— Guar 1st g 4S2S.1921 J-J
98 13 Sale
9818
98 Si 21 9713 993^
J-J
97i<8 98Sj
94»4
Registered
1997 J-J
9738J'iie'06
98I4IO2
1934 M-N IOOI4IOOS, 98S> IOOI4
Deben g 4s
90
88
93
Liake Shore coU g 3 128. . 1998 F-A
9038
90=^
903b
88i« 89
8714 91Sj
Registered
1998 F-A
89 J'ne'06
8878 92 Si
90
90
Mich Cent coll g 3 H28.... 1998 F-A 891a 90
86I4 90 14
88 14 J'ne'06
Registered
1998 F-A
89
104 105 S)
Beech Creek Ist gug 48. 1936 J-J 104
104 J'ne'06
Registered
1936 J-J
102 Mar'04
2d gu goid 58
1936 J.J 108
Beech Ci- Ext Ist g 3 "28 61951 A-O
Ad
Ist
gu
Cart <fe
loses
g 4s. ..1981 J-D
Oleart Bit Coal Ist 8 1 4s. 1940 J-J
95 Apr '02
GoaTife08wel8tgug58 1942 J-D
Mob <fc Mai Ist gu g 48.. 1991 M-S
106 Nov'06
J June R gu iBt 4s. ..1986 F-A
105 Oct '02
NY<fePul8t con gug48 1993 A-O
104 Sj Feb '06
104 Sj 10.4 Si
M
A-O
Panama
I'.iv
H
112
105
76 "8 Sale
Q-F
Registered
q:2047 y-F
93
Paul.Dul
J-D
Div g 4s. ...1996
St
Registered
1996 J-D
C B & Q coll tr 48 See Gt Nor
StP&NP gen g 6s. ...1923 F-A 12414,
124%
Registered certitlc's..l923 -F
2d 58
105
91 Si 94
93I4 96
IO7S2IO7I2
113 1153e
May'06
9«34
II41U.
126
IO4I2IO7SJ
103 IO8S2
91
94S2
94
99
Apr '06
126
122
Registered
.
103
116
112
Si
9934
101 'a
lOiifllOlS
<fe
WW
105
Oct
96
96
N Y & Greenw Lake
N Y & Har See N Y C & Hud
N Y Lack & W ««« D L & W
N Y L E & W See Erie
NY&LongBr AeeCentotNJ
New York New Hav & Hart—
Housatonio B con g 5s.. 193^ .U-N
N H & Derby con cy 58.1918 M-N
N Y North See N Y C H
N Y O & W ref Istg 4s..ffl992 M-S
«fl992 M-S
Regis «5,000 only
N Y & Put Se« N Y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
1941 M-N
Nor& South 1st g68
1931 M-N
Norf & West gen g Os
Improvem't & ext g 63. .1934 FA
1932 A-O
New River Ist g 6s
N & W Ry Ist con g 43.1996 AO
1996
Div'l Ist 1& gen g 48... 1944
PocahC& C joint 4s,. 1941
1922
C G cfe T l8t gu g 5s
Scio V & If E 1st gu g 48 1989
11314116
North lUinois See Chi <fe N
1 06 Sj 109^8
lUo
109=8 North Ohio See L Erie &
IO8I4IOSM Nor Pao— Prior lien g 48. 1997
Registered
1997
10534 109 S2
General lien gold 3s
o2047
101 104
107 la Feb '06
105 H,
Sale 105
93
93
93
95
94
96
96
110 Mar'05
103
103 Apr '06
118
118 Sale 118
1141a Sale 11413 1143116 Nov'06
9334
93
931a 9315
94i4J'ne'06
9313 94
107 13 Apr '06
113i«.
1153gApr'U6
''9418.
103
Is
86
92«B
10315107=8
8713 91 Si
17 87
89^8
88
94
105 '8 108
93 14 96 14
Apr '06
10534
121^4 120^4
Iu6
9413
ieeNVC&H
<fe Mai
Monongahela Kiv Hee B <fc O
Mont Cent Hee St P M & M
Morgan's La & T See S P Co
Morris & Essex See Del L &
St L 1st 78.1913 J-J
Nash Chat &gold
1928 A-0
58
1st consol
Jasper Branch 1st g 6s. .1923 J-J
& Allst 6s. .1917 J-J
McM
T <fc P Branch 1st 68.. ..1917 J-J
J'ne06
99
l01O8J'ne'O6
J-D
u
89^,
113«b U3I4 May'06
107 J'ne'ue
107
105 J'uo'UO
108 14 Apr '06
103^
114S2
1021, J'uo'Oo
Mov'Ol
9934
100
9.S I4
ii6'4
12-.^^2l25Sl
1937 A-0
Set Erie
<fc
90 la 97
971.2
97
87
Dal&Wa 1st gug 5s.. .1940 M-N
KanC<fe Pao Ist g 48.. .1990 F-A
Mo K •& Ist gu g 5s.. .1942 A-0
M K Ok 1st gu 58 1942 M-N
11738 12018
Apr '06
103
99-18
10734
104
97
125 S. War06
139 Jan '03
B W&Oconl8text58./tl922 A-O US',
08we& R2dgug5s...el915 F-A
Registered
111
May' 06
Higl\
1301^.
RW<SiOTlil8t gug 58.1918 M-N
101
Utica<fe Blk Riv gug 48. 1922 J-J
98I3IOOI5 N Y Chic & St L Ist g 4s. 1937 A-O 104 Si 106
11768J'n6'0*5
11314 Mai '06
11278 J'ne'06
113
961, 931-. J'ne'Oi
97
J-J
J-J
134
9
21
13
i!)"5i-ii"09"'
Si
97',
lOlisFeb'Ob
F-A
1»31 M-S
1931 Q-M
1940 J-J
1940 J-J
1951 M-S
S l3tg 3Sl8
J
1952 ,VI-N
Ist g3S2S
Bat C & Stur 1st gug 3s. 1989 J-D
N Y & Harlem g 3Sj8...2000 M-N
2000 M-N
Registered
N Ycfe JS'orth I.stg5s...l927 A-O
'fe
181-2
141-j
May'OO
-S
I.st5s..l934 J-J
McK & Y Lstgu 63.1932
108
101
977„Sal^
"97 Tg
9y^8SalL'
1
Low
108 10734
ll)3S:104ii 104
J-D
J-D
fiince
January
High
107
J-J
J-J
5s
liegisteied
4a
Itegislered
12 103*4 10638
80
105
AC
.VI
Ask Low
\Hid
1934 J-J
MokeesdeB V I.stg6sl918 J-J
Mich Ceut 1st cousol 68.1909 M-S
lllieOct'05
ffi.990
4^8 sub reels
L Civ let
106
RK
C'l
Weelc's
Range or
Last Sa'c
'^U
2d guar 68
N
M
Ist ext gold 58
l8t <fe refund 48
10034
Apr '05
Si
li
Ranga
Price
tTidav
June
L&
lOUi-j
901*8 J'ly '01
M-S
J-0
Pitts
100 Si
97
&H
Mahon
1081.2110
9514 97
114
117
LI2I3II21.2
IOOI4
100
i-2
116 116
IO8I2IOSI2
9!i
101
May'06
Cent
(Continued)
Nor <fc Mont 1st gu g 5.s.iyi6
West Shore 1st 4.s gu... 2301
Registered
2361
Lake Shore gold 3ia.s
1997
Hegi.Htered
1997
Debenture g 4s
1928
Det Moil & Tol 1st 7a. 1900
KaAifeG Klsti;-uc58.1938
11514 Mai'05
107 Dec '05
105»2 3alb
A-0
26
'1201.1 i
114 ilaj'Oli
112i-2Mar'06
101
101
MStP<fcSfeMcong4intgu'38
gu 1926
M 8 8 M cfe A let g P4 int
Mum Un 6'ee St M <fcii
Mo Kan & Tex let g 48. ..1990 J-D 99
2d gold 4s
"-J
79
80
18^2 ?alc
15
Sale
J-J
N
N
MU
MU
110
99»2l01
97
M
aLetropolilan Kl 6«eManBy
lU ex Cent consol gold 49.. 1911
lat consol income g 33.al939
2d consol ancoine g 3s..al939
1919
Kquipifc coll(ioU15s
Coll tr K 41-^s 1st Ser....l907
Mex Inlernat 1st con g 4s. 1977
Mexi^orthlstgold 6s.. ..1910
Mich Cent Hee
X Cent
Mid ol J Hee iSrle
"W
See Chic &
L S «fe
8t P
Hee Ch
<fe North
Minn & St L Ist gold 7b. .1927
1909
Iowa Kx 1st gold 78
Paoiflc Ex 1st gold 68. ..1921
South West Ex let g 78.1910
1934
1st consol gold 58...
Ist and letund gold 4s. .1949
& Ft D Ist su 4s.. .'35
Des
Minn <fe St L gu &ee B C a &
l20''2.Mar"()ti
104 >a
S
S&
aahattan Ryoonsol4s.l990 A-0
1990 A-0
Hee-istered
1st « 6s. ...1908 J-J
Metropol
H cK'pt & B V Hee N Y Cent
i'et!
Miu'Oo
Apr'Oo
74-'VOcl 'O.")
79
11638 110 J'licOti
71
N Y
Jiig/i
12'i"i3Vl"
122 >4 122 14
J'lic'OO
114
Ist p5s]94(> -f-D
Low
1
Mar'05
12214
iiyss----
N. Y. .STO(JK EXC?HAN(iE
VVkkk Kni)in(i June 29
Since
January
High
109
130
.
Ktnlncky Cent sold 4h.. 1987 J-J
LAiN<fcM&Mlalg4'.jsl945 M-S
alien Coal
Ash Low
lOS^B.
130
M-S
M-S
M-S
K -niler Brtgelstst g6s.l931
LN
Weelc's
Range or
Last Sale
liia
Loiusv <fc Niiah\—{VonCinued)
LCliKfe Lex gol<U>23... 1931
K 0<fe iM 1st sold 6s 1930
1930
is" O & M 2(! KOld 6s
PousacolaDiY ko1(1o8...1920
1921
Bt l,l)ivlstgolU6s
1980
•JilgoM 38
Hanue
l*nce
Ji'ridav
June 29
1485
3
F-A 101
F A
102
10218
87
100
87
10218
J'ne'06
105
102 14
J J
M-N
A-O
V A
F A
100
107Sj Oct
'04
102=8 Apr '06
763g
78
77 Si
F.AI
I07'i8
Deo '04
J
J -D
J •J
J -J
J -J
107
76
Sale
76*8 Sale
D
.\
J -J
J
F
•
104Si.
99=8 Sale
109 Sale
llOSjlll
D
A
VI -b
101
95
76
102=6
102\
Ti\
83
73
83^2
v^
May'e7
L02Sa Oct '03
105S Oct '05
105 Oct '00
b
Due Feb
1929 J-J
West Union col tr cur 58.1938 J-J
Fd and real est g 4 S18... 1960 M-N
MutUuTel 8 fund 6s. ..1911 M-N
NorUlw Tel gut 4Sj8 g..l934 J-J
96Sl.
95i4Jan'06
94 14
9514
96Si J'ne'OO
9613
98
109SiMay'05
108
106 14 J'ly '03
108
1083, 108
103
102 Si 103
107 Is 109 S>
102 105
106 Si 107
106SiMar'06
103
J'ly '04
96
J'ne'06
91
90Si
J'no'06
Vlanuiacturing &; InduatrioJ
9734 101
99=8
9984
109
109
111 J'ne'06
102 Dec '03
103 Si Feb'06
U5Sj
96 S.
aud asked. aDueJan
Am Telep & Tel ooU tr 48
Comm Cable Co Ist g 4s. .2397 Q-J
MetT&Tl8t8tg5s
1918 M-N
N Y & N J Tel gea g 58. .1920 M-N
109
109
103
'-^
llUi-2
111
Si
103
'4
1915 Q-F
AmCotOU extiSjs
Am Hide (& L Ist 8 f g 68.. 1919 M-S
Amer Ice Secur dob g68..1926 A-O
Am Spirits M£g iHl g63..1915 MS
Am Tliread Ist ool tr 4s.. .1919 J-J
Am Tobacco 40-yrs68....1944
A-O
96
90 Si Sale
90
104
96>a
90 Si
90
104
1 To
88S1----
9
HI34 Sale
111
Si
112S1
78Si
90»te
917,
lllSill7»t
7734 84
77^
1951 FA
9l»4 90S,
4a
Duo Mar dDueAur /iDae J'ly Dae Aug oDuaUot p Dae Not Dae Deo (OpUoaiial»
7734 Sale
c
Apr '06
68
90Vll00>«
9 3 Si
87
99 104
947,
31
fc
fi
New York Bond Record— Concluded— Page
I486
STOCK KXCHAN«K
Wkbk Knuino JrNK 20
N. T.
Juni
Weel£t
Rwnyt or
Last Salt
'JO
Jiange
Sinei
Priet
STOCK EXOHAVf?K
Wkkk EXDINH JU.NECn
N. T.
January
1
[Vol. lixxii.
4
Unngt
I
?Yidan
Hanye or
June 2H
Last SaLf
.sine'
1
^January
t
-I-
Atk Low
Hia/i
1101-^ Feb '00
Hilt
(Continued)
i'liilaUalit \V l»t K Is. .1943 M-N
Son Ji L<ewls 1st g 4m...19;^o J-J
U M J KK * Can geii 4s.lii44 M-S
fenii liK
lOUHl
llOKjSep
Pen ss colli <fe Atl Hec L <*> NiihIi
Peo A Kast iiea (J C C & St L
1921
Peo Ai PeK Un Ist g Os
2u soU14'<j8
PereMarq— CliA \V
M
yijntife P.M slis
l8i consol Kol<l y»
Pt Huron Div Ist
(;1921
58 l'J21
l'J20
'.<
Jan
109
llOV
'04
'05
Apr '02
109
US»S
1
12 '•Apr '01
11 2
Uo^iJan'oe
106»4 108
19'i!' iVl-N
H lstgUK4s.l931
Penu KR
B&W
& Heading cous 78.1011
23
Hiiiti
Uni'4 Dec'O.i
M-N
J-D
A-O
H
llOSj
K, 1
1104
Apr'OU
110
g 5s.l93il A-O
SapTus<fc
Phil
1
Lena
110
1
in
'-J
t'-A
.Sp«
J-D
Pine Creeic reg guar Gs...l93i J-D
Pitts Cm <k St L See Penn Cc
Pliila
112
1
124»8
137
15
"i
Mai '06
Kov'97
US'-.,
116V
&
Pitts CleTe it Tol ,se<; B
O
Pitta tt, \V <fc Cli See Penn Co
PitU) June Isl o;oia lis
1922 J.J
h;rie2>l s 5s...al928
Y ilee>i VCeii
Pitts Sli it L
iHt g 58... 1940
PJtt8<fc
Ij
&
Puts Ale Kees
K
120
A-O
115»9
117
194o J-J
1st consol gold 5s
West tiee B <fa U
V iSi Ash Ist con 5s.l927 M-N
199 J-J
Reading Co gen g 43
Pitts
Pitts
'01
Registered
Mob &
120
as
.
Mem
Mar'06
120
118
&
Pitta
Rome Wat
<fe
See
B R
<fe
P
J-J
98 '-i
A
99
J-D
J.J
J.J
9834
109
76
89
82
71
99 'a
10:^^:
9:) ^1
100 Hi
97
983<
^ 10;
Hi
Mar'05
Dec -05
Jan '0
106 V,
1941 J.J
Og&LCham l8tgu43 g.l94t
Rat-Canad Ist gu g 48... 194;
Sag Tub & H See Pere Alarq
lOe^Oct'Oi
98"
J-J
J-J
98112
98 H 100 H
J'ne'06
lOli^Nov'Ol
~.tJo<feGr Isl 1st g 48.. .1947 J-J
St Law <fc Adiron Istg 58.1990 J-J
2Ugold 6s
199t A-O
9312
Ohm
L & Cairo See Mob
L <& Iron Mount See M P
L K C N See Wabash
StLMBr i>eeTRRAo£Stl.
St L & S Fran 2d g 6s CI B 1900 M-N
92'-,May'0U
122 Jan '00
lOO^s
lOO^a
M-N
A-O
121
b4%
121
84HJ
95 14
121
83 H.
89
97
121
87"(.
WMinW&NV/l8tgu5s'30
& O C isl g 58
1935
Tol
Ist g £3. ..1935
107
1121a.
,
109
.
11114
llOSg.
.
109
95
114
M-N
J-D
J-D
A-O
A-O
109
J-D
J-D
A-O
107 Hi.
F-A
117HJ.
A-O
110
J-D
Mai
J-J
118
PA
J-J
AO
119
90
J-J
J-J
J-J
J.J
J-J
J-J
,
Y&
F-A
F-A
J-D
A-O
F-A
M-N
Gila
Istgug5s.l924 M-N
Hoos E <fe
T 1st g 58.1933 M-N
Ist guar 58 red
1933 M-N
W
VG&N
W
H & T C Ist g 5s int gu..l937
J-J
Consol g 68 int g-uar...l912 A-O
Gen gold 48 int guar. .1921 A-O
ll2i«114i«
Maj'OO
109 112
119 120i»
97 Hi 100 1(1
111 111
J'ne'OO
J'ne'06
119
10334 110
LE
.
112
953,
80Hj
110
93
Jan '00
105 14
May'Ot
Apr'Ot
844
113 >4
93
10318 10634
i02 "a 106 ^
146 1416014
146 .a 149 1(1
Apr '00
994102
lOOSg J'ne'OO
124
121
119 J'ne'Oi
-'oit.
94'8
118
14
126
114'8H9
94I4
Dec '0.
105H2 Jan'Oo
110
994
91 14 9334
89
90
81
99H2Nov'05
110
"a
115H»
iO?" io9"
81
110
93
105
104
148
146 Hi
124
102
119
102
Jan '00
Mar'OO
97H»
105 4 105
110 110
110
1027gFeb'06
"a
102 Tg 105
i0l;>8JSov'05
112 4
Apr '0.
108
16 11 2 'a
8 104
9734 J'ne'OO
87 4
a4 77i 72Hj
81
102 Dec 'Oil
93 Mar'Oi
93
110 J'ne'OO
103
97 Nov'O
85 H2 May'Oi>
»4
97 May'Ofj
l09HjMar'0.
8433
21 82 78
85
3834 120 344
37 >a
11334
ii53.i
106 Hi
106 H
W
J-D
J-D
J.J
114 114>a
109 Hal 14 la
Mny'06
May'Ou
91 14 J'ne'Oo
8934 May'OL
96
iOSia
105
106'2NoT'04
112 J'n606
ill May'04
109 May'OO
v8
98Hi 98
ma
J-J
J-J
113'all6
11234 11234
Apr '00
119
102
110
,
J-J
114'4li6
l!0 11934
1131a no's
72 '4 72 '4
121
123
122 14 1221a
114 ....
110>all3
109
'
92
Nov'04
109
120
98
111
J-J
98^
J'ly '00
117
100
W
A-O
M-N
M-S
May'Oft
May'( 6
Feb '05
May'OO
Feb '02
Dec '04
Dec '05
i-i
1*
113
96
92
1144 J'Ut'OL
'4.
J-J
.
<fe
H,
1
110
113
J'ne'OO
9734
.
,
J.J
Jail '06
J'uc'Oi,
1 1 '4 1 i
117ifell7'«
9415 9b Hi
118 lla^j
9934
97
Ill's May'OO
-a
'
J-J
J'ne'OO
98
105
123
110
113
ifi
SFePres& Ph Istg 5s.. .194.. M-S
A & A P See So Pac Co
F & N P Ist sink t g 5s. 191!- J-J
Sav F & West See Atl Coast 1.
Scioto Val & N E See Nor
W
W
84\ 84
Sale
6:2
i'S
113
06
92
1
1
lllo
117^2 118'. 117 '4 .rne'OOl
11334 11. 3^ 113S May'tit
721,
721, J'ne'OO
122'" 123
122 14 J'ue'OOl
12238 Axir'Ob
115H 116 Uo'e 115=B
IIII4
11234 Jau'Oo
W
M
29 II514 ll;ii«
116
116
115 -'8
iiy
ill '4 Jan 'ot;
110 Ai.r'Ob
liaSj 119
'•2
U414
11334
libs" loi'u
94 H2
95
119 J'ne'OO
96
97
92 14.
Ga Midland l>t 3s
lit 16
Wa Pac Ry 1st g 63
1922
Knox & Ohio 1st g 63...192i.
Rich & Dan con g 68
1915
Deb 5s stamped
1927
Rich
Meek Ist g 48...194y
SoCar<fe Ga Ist g 58
1919
Virginia Mid ser C 68...1910
series D 4-5s
1921
Series E5s
1920
11)2
10534 May'OO
117i8Jan'06
1948
2d -Is
1948
Atl cfe Vad 1st g guar 48. 1949
Colife Greenv 1st 6s
1910
ET Va<fe Ga Div g 5s.. 1930
Con 1st gold 58
1950
E Ten reor'lien g 5s
193><
or. la
112
1
1
Ijiia
.
'.'O
I
107
113
95
WW
S
8
M
SO"*.
May'OG
IIIH2II4
Jaii'O'il
J(f."a
!io«=<(,
114 Hi Dec '04;
119 Jau'Ool
10«\J'ly'05!
1935 J-D
95I4
54 95 14 9934
9512 Sale
Kan<fe M l8tgug4s
96
1990 A-O
90 H2
8714 87 J'ne'06
Tol P &
Ist gold 48.. ..1917 J-J
84
89
89 "« 89 H
76
7712
Tol St L <fc
7r
77
prlien g 3 128.1925 J-J
77
82
81
50-year gold 48
1950 A-O
96
Tor Ham & Buff Ist g 4s. /i.1946 J-D
IO6I4 Apr'06
107%.,.
106»4l09H Ulster* Del Ist con g 58 1928 J-D 108
92^
134 ...
133ii.J'n6'06
1st refund g 43
1952 A-O
133'2l37H2
130I4 140 May' 02
Un Pac BR & 1 gr g 4s ...1947 J-J 105 13 Sale
104 14
Registered
lllialll'i ill'* J'ne'06
1101^ 112 H
1947 J-J
116iflApr'01
IstUen g 4s
1911 M-N
10838 108
108 Hi J'ne'OO
Registered
108 111
1911 M-N
102^8 102 "4 J'ne'06
Ore Ry & Nav con g 43.1940 J-D 100
102 IO4I4
12434
103 "^ 103 h Sep '0;
Ore Short Line lstg63..1922 F-A
101i4Apr'0
lOO^g 103
1st consol g5s
IOII4IUII4
1946 J-J *119
192".> J-D
Guar refund 4s
95 Salt
102^2
Beaistered
124 May'Oo
1929 J-D
134 137 134 "4 J'ne'OO
Utah <to Nor 1st 73
190b J-J 107
134 I06
136i4May'06
IS6I4 136-4
Gold 5s
1920 J-J 109
11734 1181.. 119 Mai'OO
118 Is 119 H ani N J RR & C Co See Pa RK
114
l21%Oct "05
Utah Central See Rio Gr Wes
Utah <fe North See Un Pacific
Utica <fe Black R See N Y Cent
109
112i2Jan'0b
99
1955 FA
112iall2H V^andalia consol g 43
era Cruz<fePlstgu4HiSl934 J-J
107>2.
110 Oct '05
Ver Val Ind <fe
See Mo P
Virginia Mid See South Ry
Va & Southw't 1st gu 58.2003 J-J 115
871..,
1939 M-N 11334 Sale
8T^ Salt 37H
Wabash Isl gold 5s
86Hj 92
101 34 Sale 1013* 102
2d gold 53
1939 F-A 1064 Sale
101 10314.
92
92 'e 95 Is Apr 'Oo
Debenture aeries A
96
1939 J-J
94
y7''b
97 »2
Series B
193y J-J
81 Sale
96^2 Mar'06
96H) 97
10934 Sale 10934 IOL34
Ist lieu equip s fdg5s..l921
101 la
107 Og 10934
!I3
lOS^s
1st lien 50 yr g term 43.1954 J-J
109 ij 110^4 109 la Mar'05
Del <fe Ch Ext Isl g 5s-. 1941 J.J II014
lU
Des Moin Div Istg 43. .1939 J-J
1 10 12 May'OO
llOHalll'-i
843,
Om Div 1st g 3Hjs
110 Jan '05
1941 A-O
IIOI4
T0I& ChDiv 1st g 48... 1941 M-8 94
110 May'OO
97
110 110
St Chas Bridge 1st g 68.1908 A-O
Wab Pitts Term 1st g 4s. 1954 J-D 84 Hj Sale
2d gold 48
38 Sale
102 Jan '03
1954 J-D
Warren See Del Lao & West
97 14
94 1« 97 H Wash Cent See Nor Pac
97 ^j Sale
97 12
9II4
92 Sale
92V,
See Southern
91»4 9638 Wash O <fc
gii-j 92
West Maryland 1st g 4s.. .1952 A-O 86 Hj Sale
90 >a
9m.May'0ti
74'-.
1952 A-O •73
109 la Feb '06
Gen & conv g 4s
109HallO
Pa Istg 53.. 193V J.J
101 Sale 101
1013, 12 99
10234 WeslN
98i«ilay'0e
Gen gold 3-43
1943 A-O •assg.
98 4 OS's
87 1* blh 8714 J'ne'06
3714 89
Income 5s
(tl943 Nov
9970 West No Car See South Ry
97
96
95
95
10534
Va Cent <fe P Ist g 6s.. 1911 J-J 108HJ.
106 Feb '06
106 106
let g 5s. ..1926 A-O 112
110 11134 Wheel'g&
113>a HI'* J'ne'Oe
106i«J'n6'06
Wheel Div Ist gold 53. .1928 J-J
106^4
106 106 41
Extenifc Imp gold 58. ..1930 FA
104 >4
107 »4 Feb '05
RR l8t oonsol 4s
1949 M-S
lea's
103'-jMay'0b
89 Hj Sale
loss 105 Hj
111»4
1113*
1113^
20-year equip s t Ss ...1922 J-J
98
110 11134
109 14
1114 Apr'06
111 lllH. Wilkes <fc East See Erie
96
99 14 WU & Sioux F <S«e St P
<fe M
96
96
96'fc
127 "a Feb '02
Wis Cent 50-yT Ist gen 4s. 1949 J-J
91HiSale
StP&S'xCity «eeCStPM&i.
Seaboard Air Line g 4s ...195u
Coil tr refund g 5s
1911
Atl-Birm 30-yrlst g 49.el933
Car Cent 1st con g 4s... 194;)
Fla Cen & Pen 1st g 6s.l91t>
Ist land gr ext g 5s.. .1930
Consol gold 53
1943
Qa & Ala Ry 1st con 58 ol945
Ga Car & No IstgugSs 1920
Seab & Roa 1st 5s
1920
Sher Shr & So See
K&T
SU Sp Oca <& G See Atl Coast L
Sod Bay & So Ist g 58
1924
So Car & Ga See Southern
So Pac Co— RR 1st ref 4s. 1955
Gold 48 (Cent Pac coU).fcl94'J
Registered
fcl949
A <fe N Ist gu g 58 1941
Cent Pac Ist ref gn g 4s 1949
Registered
194U
Mort guar gold3'28..fcl92y
Through Si L Ist gu 43 '54
Gal Har & S A Ist g 6s.. 1910
Mexife PaclstgSs
1931
8578
97
121
H.
IOOI4 102-14
125 127
sT-S>
1043.1
11334 Keb'OOl
i-j
.
1936
1936
O&
Ist cy gu 48.. 1924
West N C Isl con g 63. .1914
S & N Ala See L & N
Spok Falls <fe Nor Istg 68.1939
Stat Isl Ry 1st gn g 4I2S..I943
Syra Ring <fe N Y See D L & W
'perAot St Ll8tg4i2S..1939
JL Ist con gold 5s
1894-1944
Gen refund s t g as
1953
St L
Bge Ter gu g 68.1930
Tex & N O See So Pac Co
Tex&Pac 1st gold os
2000
2d goldinoSs
g200t>
La Div B L Istg 5s
1931
10-.i>.j
90
11712
100
lie 4 Bale
1994
g 4s. 193>^
fis
liVs'ii'ti"
111
II8H1.
Ist g
k;i k,
102
1951
1918
R
Ffb'iiK
Sep 041
Jau'Ol
105 H Mar'.
107 Apr'Otil
'4
lOj-'s
General gold 5s
J-J
1933 J-J
Mmn
04
Ko. .i^uio Jitgli
10;;i2.Mai'Oi)
e9'4
1
Danvlstg48
Western Div
to gold 4>23..1933 J-J
Registered.
1933
Dakota ext gold Os
191u
193"
Mont ext 1st gold 48
Registered
193
E Minn 1st div 1st g 5s..l90h
Nor Div 1st gold 4s.. ..194b
Union 1st g 68.. ..1922
Mont C 1st gu g 6s
1937
Registered.
1937
Ist guar gold 5s
1937
WIU <fe S F Ist gold 53.. 193b
8t P <fe Nor Pac See Nor Pao
100^4 May'OO
87^8 Sale
J-J
193;^
;
,
100 1.2 102
J'ne'OO
I'iiS
W
Reduced
101
.....
129 127 May'OO
114'3Sale li3i« U3i8
981^ Sep '05
9a
983^
102 14 Ang'05
J-J
J-J
J-J
J-D
M
M-N
M
A-O
KC<feMR&Blstgu5s.l92: A-O
3t Iiouis So See lUiuois Cent
let g 48 bd ctfs.1980 M-N
St L S
2d g 4s iuc bond ct£s...pl9SS) J-J
193'^ J-D
Consol gold 43
Gray'sPtTerlstgugSs 1947 J-D
St Paul & Did See NOT Pacific
8t Paul M <fe Man 2d 63.. .190b A-O
Registered
101
II918.
W
<fc
Ist consol gold 68
118
106
'113
General 58
Guar stamped
92 H2 91
122 122
<fc
2d gold 6s Class C
1900
Seneiralgold Gs
1931
Q-eneiixl gold 58
1931
St L, <fe S F RK cons g 48.. '90
Southw Div Istg OS.. 1947
Refunding g 48
1951
5-year gold notes 4 "u.. 190b
K C FtSife cong68..1928
K Ft S & Ry rel g 48 1930
tr
llitiit
12aH!NoV04
1
115'
103'
<fe
Og SeeN Y Ceni
Rutland 1st con g 4'as
St
St
St
116 Muy'05
102 »4 10-"2
100 ^u J'ue'OU
Ohio coll
St Louis div Ist g 48
Atlifc
Ill
....
102 >» Sale
12.;
AKh\Lniv
Div 1st g4Hj-58... 1990
Ala Cen
J'ly'y
<fc
199"
Registered
Jersey Cent coll g 43. ..1951
Rensselaer it Sar See D & U
Rich & Dan See South Ry
Rich <fc Meek See Southern
Rio Gr West Se« Demfc Rio Qi
Rio Gr Juno Ist gu g 58. ..1931
RlogrSo Ist gold 4s
1941
Gnarantee<1
1940
Roch
Oct
Hui
Co
(fontinurd)
Morgans La &, T let 7».191S
l8t gold o.s
1920
Ni> of Cai ]nl jfii K 6m
1907
Gnrtriuneed gold 6h
1938
Ore ife Cal IhI guar g 58.1927
SA it A Pass lNtgUK4s. 1943
So Pol Argu lNtg68...ciyo;i
1st guar g Gs
clOlO
S P of Kail St gOsCife 1) i;)(»t;
Istg Ob series K<fc K...1912
Ist gold (is
1912
1st con guar g 58
1937
Slampe*!
1905-1937
SPacofNMex Istg 08.. 1911
So Pac Coast lstS!u4K ir. 1937
'rex<fcXOSabDivlHt(2 6s.l912
I'ac
'....1943
Con gold 5s
Southarn— Ist con g os
1994
112iuDec'0L'
A-O
Southern
86
86>
72
73
May'OO
May'Oo
Maj'Oi
11 6 '«,
95
30
114
116 >«
109
93
86I4
93
110
86 >a
90 "a
411*
8SH
84
76'4
69
116^8 lla
944 97^
109 J'ne'OO
112 J'ne'OO
112HjFeb'0
lllHjAug'Oo
89 Hi
89 la
102 14 Dec '05
30
31
109
112
109
114
l22H>ll'ii'9
87
4 934
M
Waco&NWdivlstg68'30 M-N
91Hj
92
53
90Hj
95
AUSCELI^NEOUS BONUS—4;oncluded.
Slanulacturing <& Industrial
Cent Leather 20.year g 58.1925
Consol Tobacco 50-yrg 4s. 1951
Registered 48
1951
DistU Sec Cor (K)nv 1st g 58. '27
Int Paper Co 1st con g 68.1918
Consol conv s f g 5s
1935
Int St Pump lO-yr conv. 63 '13
Knickor Ice (Chic) 1st g 53. '28
Lackaw Steel Ist g 5s
1923
Nat Starch Mfg Co 1st g 68 1920
Nat Starch Cost deb 58. .1920
Stan Rope & T Ist g 63. ..1940
Income gold 5s
194(
S LeathCo 8 tdeb g6s..l91h
US Realty & I conv deb g 5s '21
U
S Steel CorplO-60 yr5s.rf'o;
Registered
AprU 196;
Va-Car Cliem ool tr 53 a-..191'
No price
Friday; lateet
99 Sale
78 4 Sale
99
784
09«s 145
784
11
78I4 Mar'OO ....
86 4 Sale
85 4
88
109 109 14 lOyisT'ne'Oe
9G34 97 14 974
971*.
9634
Miscellaneous
col tr g4s
1024 Adams Ex
78 4 8334
784
78'e
1948 M-S
AmDkt&Imp58 6'eeCentNJ
Am SS Coot WVag 53. ...1920 M-N
103
103
103
102
104"%
10034 J'no'02
66
464 58
30
70
B'ki'n Ferry Co Isl cons g 53 '48 F-A
90
81
47
47
47
107791104 ChicJc<fcStYardcolg53.1915 J-J
108 J'ly '05
DetM&Mldgr incomes.. 1911 A-O
96 100
70 May'OO
69
'lt'4'4
10438 J'ne'OO
10138 1043^ Hoboken L <fc I gold 5s. ..1910 M-N
loo
974 Oct '05
Mad Sq Garden 1st gos.. 1919 M-N
lOlH 104 4 J'ne'OO
102 4 1083, Man Bch H & L gen g 48. 1940 M-N
50 Feb'O;
90 May'OO
85
93 4 Ne-wp Ne Ship & D D 5s (il99(i J-J
77 J'ne'OO .... 73
Dock
50-yr
77
Y
1st
4s..
1951
N
FA 94 4 Sale 944 94 H
g
45 Dec '05
Provident Loan Soc44s".1921 M-S
99 May'0(
1»4 Mar'Ol14 2 4 StJosephStk Ydslst4 4s.l930 J-J
1004 Sep '0.
109 109- 109 May'Ofi
107 10;)
St L Ter Cupples Stat'n ifr Prop
9578.%alc
95^8
9034
954 994
Co Istg 4 48 5-20 year.. 1917 J-D
96 4 Sale
53;
9534 100
97
S Yuba Wat Co con g 6s. .192; J-J
112 J'ly '04
957s
963,
9;k'>8 100v
9b':
96 '8
.<p Val Wat Works Ist 63.190i. M-E
a34J'iy'0o
98 4
98 4 I'ne'O
;'8410l'.
U S Red & Ref Ist s £ g Os. 193
103
103
111
bid and asked this week. aDueJ&a 6 Due yeb *DueMay i/Duejne ADueJly yDueNov sOptioo S»te
"
"ia
.
94
99
98
99
1.
!•
'
•.
95 '103
OHIOAaO STOCK EXOaA^(}E-3took
and lowmut salk fhices
aiocMm—ujeuJitii'
ASaMirday
Uonday
June 33
June
Wednesday
June 7
Tuesday
June 26
<15
Record-Daily, Weekly and Yeirly
Tthursday
Friday
June i9
June 28
'!
HrgjiouA
Year (lyoo)
Jianye for year
.Saic.s
A'aji'/e 'or
19u6
0/ t/u
CHICAGO STOCK
Week-
EXCHANGE
Lowest
S'/iarc
Hiqhest
Lowe.v.
Hio'iest
liailroads
»167ial85
>6>4
7
*20
•20
23
62 »4 52^4
2'2
433
6y'4
51)
m
'26
40
«25'a 28
*65
07
•92
96
•29
ao
*9S 100
• 26
*3tJ
7
•22
24
2
'.I
69-',
27'-.
69"'4
26'a
693<
LastSale
25
•el's
•94
29 14
•98
•26
25
67
96
29 14
100
30
6I4
6^4
•66
36
40
28
-25 Hi 28
•U4'2 67
91 Hj 96
'28k 30
*97 100
•25
30
•24
»6
SS
14
Northwestern Elev..lOO
Last Sale
•94
951
•28Hj
30
Do
J'ne'Oi'
95 Hi
30
J'ne'06
25
25
100
100
pret
South Side Eler
96
Streets
Last Sale 103
•25
100
100
100
pref
58 H. Kans City Ky & Ll ..100
100
Do pref
MetropolW b Kiev. .100
100
J'ne'Ot;
Do pref
100
JiorthChic street
58 Hi•i
WStable C L 100
Do
West
lU
May
lOU
lOU
prel
Chic Street
2
April
1001
Do
J'ne'06
58
89
27
prel
Chicago Subway
Chic Union Tract
46
Last Sale
58
*88
•26
Do
J'ne'06
44 4
45'H.
69
89
26 ig
•88
89
89
•26
•66
last Sate
100
Marie 200
155
100
Chic Pass Ky
Chic <fe Oak Park
7
4IH3
Ry
Chic. City
H^
•e^i
4^
4 Ha
59
(;9
7
•22
24
44 H. 50 H;
60
67
VSV, 96
*28'u 30
•97 100
"'26
30
M
•6I4
4»t
69
89
'26
•66
"36
-25 Hi
•65
H
89
2a
•6
7
63*
187
I8712
167>3l67'-j
180
4
16
J'iy
J'ly
28
40
Oct
^734
2
Mayl
():<
13I4 f eu20
J'lit:!'
HjMa)18 40^4 Marl 2
6n
^1 Feb
Jan
2
Hi
93H2Feb 8
HzJ'ne
Apr ^ 30 J'ne 8
Apr 30 72i8Jaul3
26
30
!'
51-
10
300
50
Hi
60
Apr3 9.1 J'ne
Mayl8 30 14 Mar
I
Jan
Deo
Aug
13 '8 Feb
Feb
51
Sep
60
Jan
Jan
93 14 ^ep
25 H; Oct
82 Hi
20 J ail
59 Ha Jan
55 J'ly
Mar 14 85 .Marl2
May 5 28H2Feb2..
May2:^ 63 Hi Mar 1
10,
734
OlsJ'niJ'ly
'tj
530
465
Oct
Jan 205
5
28-'M-lan
H2J'ne28
7,021
Jan
7HiFebl7
'1314
99
26
60 Mar 68
90 ^ .Ma> 100
27 Aug 30
96 Dec 103 '4
40 J'n< 72
Ma\
21
;
'j
Jan 26 102
J'uelfi
Apr 10 60
Feb 19
J'ne28
J'ne27
Jan 20
Jan 2
Sep
Feb
Deo
Oct
Aug
Sep
Mar
Feb
3IiacelIaneou8
6^8
7
8
6\
h.
6',
6'i»
122
13i
65
Hi
"6>4
ii?"
•106
ii'f
117
106
53i>,
SB
66
*115iall6H
•85
88
119
lU'ZH
137
*1U3
137
105
125
135
130
IH
6"-.
66'4
116
•85
66
116
88
119
90 li
9018
\0l\
102
W
10
lOH.
10
3712
37'-,
'37
1"8
10
38
110
68
1^
•I
OHi
•e"*
106 "u
44
65
51
6 Hi
'b
8934
l^s
9 Hi
'35
LastSale
i-^
188
9 •4
9^.
&
100
100
100
&
6I4
•140
116
21
63 "s
DlOO
. .
55
115
130
180 54
10 101
36
50 108
17a 55
16
& Malt'g.
MU&
Do
21
t}3'6
pref
National Biscuit
Do pret
J'ne'06 National Carbon
J'ne'oe
Do pret
May'Oo Page
102^4
10.iH.
131
131
Deo '04
k
1^2
8
S",
US
100
100
100
100
Feb 13
Mar
'i
Mar
6^4Mar23
7
Jan 16
142
36 49
99 lol
36 103
1,06a 118
44
J'ne26 165
May V 63
Apr 27 139
May 3 118
J'ne 6 147
J'ne26 71»4
80
79''8Feb23
46
50
50
1,445
134
6
34
6
Feb 15 153
Feb 9 32
Jan 15 125
Jan 9 95
L& C'kelOO
Western Stone
lOU
Jan
Jan
May
Apr
'<
May2 47 Hj Jan 31
May29 2H2Feb 3
44 Hi Mai
2 Jan
Sep
21 J'ne2i 23 Mar 7 19
62 May 2 71 Feb 6 5234
11034
6 113'2Jan 4 118HiFeb
78 Jan 5 95 Mar 3 41
115 Feb21 122 Hi Mar 9 110
6
1,345
2,937
15
Hi Jan
May 8 106^4 Feb 1
Mayl'i
1
Sk J'ne2^
37
46
52
2^4
l'sJ'lie2»
5934 Sep
105
Hi
40
112
70
Mar
Jam
Aug
Ocli
Mai
Jaa
J-a
Jau
172 Feb
58I4 Deo
143 Hi Feb
118 Deo
145 Aug
67 Nov
150
10
1
7
42
75
Nov
Oct
48 Hi Aug
2 "4 Oct
23 Oct
Aug 6734 Deo
Aug 120 Hi Mai
Jan 80 "4 Deo
Jan 120 J'n«
534 May
Apr
Apr
Jaa
Deo
a6HjJan 109 Ha Nov
653 904J'lie'^5 93HiMayl7 9933
1,721 101^4 Jan 17 109 Hi Mar 12 101
96 115
325 101
J'ne
J'ne
134 Ha Feb
Jan23 55 J'ne
11 Feb
Feb 28 63 Feb
Feb
Woven Wire Fence
lOU
SwiftACo
The Quaker Oats Co.lOu
100
Do pref
Union Bag & P Co ...100
100
Do pref
Unit'd Bos Bd & P CoIOU
100
Do pref
36
Jan 11
Feb28
Jan 23
Jan 25
1
l'.:0
2,451
14'sApr
73 Hi Apt
110 Deo
134 Deo
334
May2'.i
9 l'Jl»
May 11 136
Jan 13 65
6
1
.
Dec
60 Jac
76 Jan
Jan 17 125 Feb
J'ne20 38 Jan
10934 Apr 4 98'sJan
28 Apr 24
40 Feb 6 35 Oct
113 Hi J'ne
105 Mar
64 Feb
60 J'ly
175 May 31 148 Hi Feb
16 Hi Feb 2b 10 Jan
11^8
72
Feb
May 2 6
16838 Mayl8
100
Chic
Chic
Chic
Chio
116
o»4
37
6
109
17
100
Edison
PneumatioTool.lOO
100
Telephone
106 Hj 106 Hi
Title & Trust... 100
100
Diamond Match
100
45 H»
46 H: lUinois Brick
32 14
XoT'06 Knickerbocker Ice.. .100
80
100
Feb '06
Do pref
17
J'ne'04 Iiondon & Chio Cont!r.
y
Deo '04 Manufacturers' Fuel..
47
J'ne'Oti Masonic Temple ......
i'e
I's
Chio Brew'g....
9
1,616
. .
Co
00
pref
J'ne'On Chio Brew'g
Apr '06
Do pref
• 1
37»2
-ia
Do
103'8
8I4
J5
100
Mar'OU Chicago Auditorium
Last Sale 10^
l^H-
Booth (A)
Do pref
People's Gas
102 Hi
135
100
100
100
100
Chic Canal
Cal
May'Ot) Central Trust Bank
1
64 1^
90 »a 90Hj
102 102\ 102
131 135 '125
103
102 Hi 103
9'6
37
40
110
58
•115Hj116^ 116
Last Sale 88
Last Sate 120
116
88
119
•86
90
102 3e
137
104
102
131
104
145
63
117
108
64
6534
64»4
88
119
'
'141
Last Salt
Last Sale
Last Sale
Last Sale
Last Sale
1154116
•
Last Sale
Last Sale
'112 H>
112 4 120
'1U6
106 108
11978 120 H 1184 llO'i
45 14 48'8
46
45
65 'fc
Hi
1H>
J9
110
60
*50
12uHJ20k
63
106
•38
108
•103
*58
5S
Last Sale 175
Last Sale 26
39
145
142
52
117
106 H
142
bi
117
Do pref
Amer Radiator
Do pret
U4 Amer ShipWdg
108
Do pref
J'ne'06 Amer Straw Board
65
Last Sale 26 Hj
27
39
112
68
39
40
110
58
•1
*6i4
145
•24
27
American Can
J'ne'06
J'ne'06
Last Sale 130
63
64
64
106^4 10634 1071^4 110
•24
•38
llOig 110
58
60
i04"*i05"
IH-
•"a
'130
117
108
120'4l20i<
6312 54
'115
90 '8 90 't
lU'i
125
135
27
40
-1
»6»4
145
108
•115
134
145
120141201-2
63
130
-24
*3y
110
*57
i-h
e^v
•142
123
6I4
»
55 Hi
55
Last -Sale 121
63
•24 Sj 27
*3a
40
'110 112
*68
60
-1
120
55 "v
65
120
5tiH,
5(5 'q
'120
'180
65
6\
8
•5434
Jan 12
J'uelO
17 14 Jan 20
42 Mar2,
Mar
Mar
7
634
V
36 Hi
May
138 J'ly
8
23
11034
Dec 114
Jan 165
2 Hi Apr
Aug 16
Deo
Feb
Aug
41
Alining
last Sole 5^8
Last "Salt 36-^
Last Sale 39\
9Ha
9H.
J'ne'O'.
Con
Last Sale XsV* J'ije''0i; Dftiy-West
Last Sale 85^ Feb'OU No Butte
""8
J'ne'Ou bhannon
.Last Sale
UONUS
jPrice
Kange
June 39
Last sale
Ask Low
1910 F-A
Amer Biscuit 6a
Amer Strawboard I8t6s..l911 J-J
FG(StL) 53.1912 J-J
Cass Ave
'.".""
iy9'8
<fc
Ohio Board of Trade 43 ...1927
Ohio Consol Br & Mit6s
1939
Chic Consol Trac 4 His
1913
Cliic Edison debent 6s
J-D
ftl926
A-O
1st gold 58
J-J
J-D
59 Hi
J-J
ioi'-l
'.
or
High
99'9May'06
102HiMay'00
101 Mar'Oo
103
65
104
102
NA.>IE
Since
January
9978l00»4
l02Hil03>4
101 101
J'ne'OO
'00
J'ne'06
55
U'4
102
55
104
,
15
lu
6
85 4
Fob 24
'i,
Cluoago bo nd
Outstand- Surplus A
ing
Bronti\
In
lyui
J.n
Per
Last I'aid
1905
to«
^'0
J'ly '06, 2
8
8
$2,000,000 $1,144,684
None Jan J'ly '06, 5
(;34,l63
100,000
Calumet National
J-J J'ly '06, 5
10
120,146 8+5
500,000
Chicago City
a;74,03i
fc500,000
Chicago Savings
'12'
'12'
ly 'Of,, 3
Q-J
Commercial National.. fc2,000,000 l,945,-lo
ly '06 2
2,18i,32s
8
8
Continental National.. 4,000,000
y-J I'ly '06 l-*
6
^2,936
60,000
Cook Co State Saving.s
'06 3
J'Jy
12
y-J
12
Corn Exchange Nat... 3,000,000, 4,041,254
18,70-Q-J J'ly '06 . 14
6
6
200,000
Drexel State
'06 i
J'ly
y-J
302,42
8
8
600.000
Drovers Dep National
J'ly '06 I'l
}23,059
200,000
Englewood State
Oct
bUHin
ess
16, 1905
64,825 Began
500,000
Federal JSaliuual
Q-J J'ly •06 3
12
1112
8,000,000 6,454,820
First National
'06,. 2H|
J'ly
10
Q-J
126,600 6+4
100,000
FurstNatEnglewood..
64i,b98 Priv ate Ba nk
600,000
Foreman Bros B'k'g Co
'06, 1>9
J'ly
Q-J
6
300,761
6
Fort Dearborn Nat.... 1,000,000
108,074
500,000
Hamilton National....
J-J J'ly '06, 4
Hibernian B'k'g Ass'n 1,000,000 1,120,35,57,025
200,00i.
Kaepar State Bank....
'3'*
6
J-J J'iy" '06."
300,339
6
250,000
Milwaukee Ave State.
17,297 Succe d.Mfrs 'Bk. Mar. 5, 1909
200,000
Monroe National
59,865 Began busin ess Oct 2, 1905
250,000
Mutual Bank
Q-J J'ly '06, 1>»
6
NaiBankot KepubUo. 2,000,000 1,062,272
-J .J'ly '06, 3
National Live Stock... 1,000,000 1,310,831 12+3 12+3
-J J'ly •06, l"*
46.416
6
6
50,000
North Side State Sav..
-J J'ly '06, 3
6
27,36b
6
100,000
Oakland National
64,16250,000
Prairie National
"8*
Q-J J'ly '06, -i
95.766 li38
250,000
Prairie State
Q-J J'ly '06, a
8
210.032
8
300,000
PuUman Loan <fe Sav..
J'ly '06, 1<4
4
47.280
5
200,000
South Chicago Savings
J'iy •06, 'J
S
801,667
6
State Bank of Chicago. 1,000,000
None
'250,000
j 118,764
Stock Yards Savings..
190
5.
Mayl.
30.859
Began
200,000
Union Bank of Chicago
None Q-J J'ly •06, IH
{28,131^ 7'
200,000
Union Stock Yds Stale
'06. 3
J'ly
Q-J
2.299,o27
8
Amer Trust & Savgs.. 3.000.000
915.123
5Hi Q-J J'ly •06, 1^
4
Central Trust Co of lU 2,000,000
•06, 2»a
5-1-5
J'ly
Q-J
644,548
5
600.000
colonial Trust* Sav..
6
Q-J Jiy '06, l«a
57,763
6
200.000
Drovers Trust* Sav..
First Trust <fe Savings 1.000,000 1.278,889
J'ly '06, 3
Illinois Trust & Sav.. fcl.OOOOOO 7,070,663 12+4 12'-t-'4
None
^62.442
250,000
JacksonTru3t<& Sav..
«'20,25-. Began Jan 3, 190 5
200.000
Kenwood Tr <fe Savings
?5,73'J Inoor uorale d M arch, 1905
200.000
Live StkTrcfc Sav Bk.
Jly '06. 3
12
Merchants' L'n&Tr Co 3,000.000 3.873.390 12
J'ly 'O'J, 3
6
318.901
6
750,000
Metropolitan Tr<& Sav
J'ly '06, i
8
Q-J
1,527.51;
8
1,600,000
Bk
Northern Trust Co
44,931
200,000
PeoplesTrust Jli Sav..
Feb '06, 3
491,64i
F-A
500,000
Royal Trust Co
749.36.
1,000,000
Union Trust Co
'06, 1H»
J'ly
Q.J
264,58.
6
6
Western Trust A Sav. 1,000,000
6,59; Began buslu ess Sep 6, I'.'OS
200,000
SideTrA Sav Bk..
'06, l**
Jly
'21.139
...
!.
2OO.OO0
WoodlawnTr&SavBK
price
9.
yj
.
,
W
Uivideuds are paid Q-J, with extra payments Q-F.
H Includes special <Uvidond of 30"b duolarod Aug. 10, 1904.
Apr.
t June l**, '06 for National Banka ami Juno 19, '06 for State institutions except those marked {i) which arc 01 date
Bid and asked prices; no sales were made on this day.
t No price Friday; Utoat price thia week.
aDueDeo. 31. t Duo Juno, /i Due July, /c Capital and surplus to be Increased.
QJ
II
•»
I<'eb2
7 'b J'ne 16
,
.
bi i<lded to all
14>4Mar
85 '4 Feb2i
2l)
,
.
10334
96'4 9634
W
t
450
Low High Bankers National
96'>4 Jan'06
Chic Auditorium Ist 5s. ..1929 F-A
98
1929 A-O
Chic Dock Co 1st 48
87
Feb'06
37
87
1912 A-0
Chic No Shore Elec 63
CMo&MilElecKy 58 ....1919 J-J
90
84
82
80
Chic Pneum Tool Ist 5s .al921 J-J t83 "si'
79 Nov'04
Chic Rock I & Pac RK 43.2002 M-N
80 Apr '04
1913 .\I-S
CoUat Trust g 5s
103 105'(,
Commonwealth Elect 58.61943 il-S n02Hil02Hi 03 J'ne'06
'.•3
J'ne'06
90 >4 95
1928 J-D
Illinois Tunnel 63
99 Hi J'ne'OO
99 Hi 100 "4
Kans City Ry & IX Co 58.1913 M->.
99 100
99»8J'n606
99
Knickerb'cker Ice 1st 5s.l92h A-O t99
May
'0
98
6
98 100
100
192b J-J
Lake street El 1st 53
16 May'OO
192ii Feb
Income 5s
91 'a 95
92 Hi
91 Hi
92>4Sale
Side El Ist 4s
1938 F A
Metr
87 'a
89
87 Hi
87
87 H» Sale
Extension g is
1938
90
90 Mar'06
90
1900
North Chio St Isl 68
90
90 Feb'Ob
90
1909
1st 58
1931
Refunding g 4Hi8
92 '4 Feb '00
92 ^i 92>^4
No Chic City StRy 4Hi8.192T
92 Hi
92\ 27 92^4 94
92 Hk Hafe
North West'n El Ist 43. ..1911 M-S
96 J'ne'OO
89 lOOHi
194t M-^ t
Ogden Gas 58
95
191i J-D tlOOHi
lOOHiMai'OO
lOOHjlOOV
Pearsons-Talt 58
99 'a
99 Hi
4-408
M-t>
99 Hi 99^8
t99Hi
100
100
9978 100
4-608 Series B
M-N *9934
'06
100
100
Apr
iOO
noo
F
M-^
4-80s Series
120 Apr '06
120 120
People' 8 Gas ii<& C Ist 68.1943 A-O
194'
Apr'OO
10534
105
10434
M-S
Refunding g 5s
104
107 108
ClUc Gas ht& C 1st 5s. .193 J-J
106 H 107 May'06
105 'b
J'ne'OO
104
1.04
193b
J-D
Consumers' Gas 1st 5s..
103 Hi Feb '06
103 Hi 103 Hi
Mutual Fuel Gas 1st 5s. 194 M->
105
lOi.''4J'ne'0'j
102
1924 J-J tl02H,102'-.
South Side Kiev 1 His
1914 J-J tl02i4 102>.> tl02^4 I0214
l01Hil03'4
Swift it Co 1st g 53
iOl'aJ'ue'Oi
1940 A-O i
101 Ha 105 Hi
Union El (Loop) 53
103
1911
114 Nov'04
Uniou Pacihc conv 48
65""68"
65 H
65 Hi
United Box Board 6s
95 May'oO
192h
80 101 14
West Chic St 1st 5s
95
t
190; F-A
OS Hi Sop '05
Tunnel Ist Oa
06" "85"
1914 J-C t60
Debent 63
72
72 Hi J'ne'OO
1931 M-h
8434
70 J'ne'OO
55
Consol g 5s
70
901-1 May'OO
West Div City Ry 4 His.. 193. J-J
92
89 Hj 95 H
Wesi'rn Stone Co 5-20 os. 190i A-(i
96HiJan'Oo
96 Hi 06 H
Note.— Accrued interest mu.^
—
Feb 2
Mar
4434 Feb2.
14^4 Mar.".
1534 Feb 20
29^4 J'nelt
9 J'ne28
Stoeic
1
Apr '04
Jan
36 Hi
Dividend Record
Sange
Week's
JfYiaay
Bid
534
2£i
OMoago Banks and Trust Oompanies
OMcago Bond Eecord
CHICAGO STOCK KXCH'Gb
Week ending JtrxB 29
25
Bingham Con Mining. 51
Black Mountain
9
9
a-*
S"!
9Hi
Mar'Oi. Adventure
Mar'Oii Allouez
C
and
7, •00.
BOSTON STOCK EXOHANaE -Stock
Share I'rkMM— Not Per (Jeotum
Mondav
Saturday
June li3
80
245
*152
June XS
B9V
>«
"^
'240
*171
'307
33
....
35
SS^o
•
Wednenday
June H?
•88% 88'f
102>al02i-:
*89\t 89io
103»8l(>3's '102 1,103 1«
245 245>i 245 245
H:
164
240
172
•2,S9
Tuetdav
June '<!6
153
•23H
'171
'170
•807
32
aSS
I'rices
151
240
*163
154
172
175
170
*170
*307
I7OI4
32
85
163
121
32
/•so'
85
.163
175
.
Sftia
102
245
24 5 245
'152ial53ia
170
307
.
*m'
32
85
m\
102
245
152>a 152V,
•SS34
8n
•99 la
245
245
171
171
15212
Last Sale
r.astsaif
32
85
,
1501,
171
J'ne'Ofi
3W
•so"'
J'ne'OG
32
85
J'no'OC
Do
16:<
.
»
121
.
168
162>a
,121
.121
J-astsale 165
P6'4
•70
B4ia
73H •70
lOOi-iiooi-j
100
1473, 1481*
9412 981a
14fii4l47i,
14514 1468^
•9414 9514
*98
112
•96
110
97
112
•25
26
*93iii
94^1
I919
197,
37 12
132 132
I34I4I84I2
188 188
•36
3612
106 ig 106
*4
*116
4S4
117
•
95 14
9
9
£44
244
60
2514
•9312
191a
361*.
193,
37
13Sial33i2
137 138
3CTg S67p
1051a 106 14
*4
4S4
117
30
9
241
9
243
80 14 59»,
88I4
194
....
25 14
94 1,
ISOOg 1311a
116
60»4
88»B
88"%
951.
88I4
194
*3ia
4
•I3OS4 131
*3>,!
ISO
4
•227
•94
10
228
10
102in
102
•22 >2 23
*26 ....
S
•21a
IO9S4 10934
•7913 8OI3
•SO
30ia
37
103<%
•46
,*12
•eoia
•45
I2I9
•80
•90
96
*6ia
7
36
37
100 ig 103
•9
10
81a
Ik
13\i
281a
•46
45
26
xlO
685
261a
llOia
21
• •60
70
•1514
1021a
•221a
•26
23
....
*2ia
3
1081a 109*4
791* 791a
29^8 30
••50
12
685
21
6l2
-62
205
30
pref
50
10
271
198
92
82
95
&H
351a
63b
351a
STTelOOSg
•9
10
3>a
1
13
13
28
•45
MS
25I4
6
69
I5I3
'118
120
18
18
18
18
^•714
734
96»8
:
11
24
60 "s
lOia
6OI2
*2ia
S
21a
•1734 18
1734
85I4 86»3
8434
••70
•90
•70
38
'•381a 39 ii
1071a 1071.; 106
2534 2614
2434
»4 ••60
••6U
"
93
93
5
•41a
•1»8
\.^^
96
10
•42
^\
6438
J"8
838
95
IOI2
•60"
15 Hi
I6I4
1734
im
61a
712
69
*4ia
1%
8l8
95
21a
1734
85
la
•90
381a
108 1,
2534
98
95
413b
81a
87,,
631.^
641a
l>
•137
••90
• Before
I5I4
54
V»a
6
la
1
234
la
38
38
106isl03
24
25 14
93
41a
1%
8
95
8
i\
\H
81*
4
62
IOI2
137
234
I7I4 171,
8334 851a
90
95
10
83-_
631*
100
10
10
56 4 557s
46 14 46 4
66
1
1034
60
91*
46'a
5514
71a
6
137
la
1034
60
93
5
1-^
8ip
66I4
10
56
13
274
20*4
••60
•70
4134
40'8
''6
6ia
•60
7II4
la
45
65 '-a 56 14
1
12»4
281a
171a 1734
111*
11
2378 24 7(,
•51*
51a
1734 18
71a
71a
la
11
61
9''f
46^4
34
21
51a
•60
70ii
97g
90 100
10 la 1034
66 "a 56H
461a
93
94
1914
371a
1284131
11
6=8
36
634
354
9534
99 »8
-
Last Sale
6078
34
1
13
28i8
3
3Vi
'1
1234 134
27
277^
4
la
25 14
109
682
LastSale
20
18
7I4
37
24
109
10834 1091a 109 109
682 6821a 6824 6824 680
241,,
538
18
241a
184
••45
••46
'50
•SO
24Sg 2538
24I4 25i«
25«8
la
11
61
3
3514
2
1734
••45
11
58
•9
6078
35
2
Ilia 113<
2434 243<
•61a
6'e
9914
64 64
35<4
964 100 14
GHi
35
27
21
72
4)
941a
181a 191a
37I4 371a
12934 131
1004
144^
95^.
May'06
|64
111
May'06
Oct '05
Apr '06
94
ISW
37
129
133
136 4
32
A.mer Ajrricul Chem.iOO
25
Do pref
100
94
ISOg Amer Pneu Serv
50
Do pref
50
374
100
1304 Amer Sugar Refin
Do pref
100
1334
13634 Amer Telep & Teleg.lOO
55
85
22
91
May
May
3,326
11
Jan
Jan
,S10 30
2,981 128
1
.May
5334
1
'
•60
6934
8
6
6
137
138
20 14
21
•1
•1234
•27
•45
24^
109
680
W21
714
15 4
69
704
I6I4
I514
I5I4
4,065
250
BostonOonC&GCrcts) £1 8 345
10
110 Cainmet <fe Ariz
608
25
42
6804 Calumet & Heola
2536
Fob '06 Catalpa
21
10
25
25
(Silver)
Centennial
Apr '06 Central Oil
64 LastSale 54
•57
•68
•60
Cons Mercur
•60
•eo
69 '4
65
410
30O
945
Arnold
25
25
134 Atlantic
28 Bingham Con Min<fe S 50
la Bonanza (Dev Co)... 10
II4
Gold...
1
6iO
5
1,650
701, Copper Range Con ColOO 13,732
Daly-West
J'ne'06 Dominion Coal
Do pref
Apr'()6
8I4
6
137
1
pay 'tolassess'tseaUed In 1905
6
137
^8
rf
8I4
734
534
137
69
14
J'ne25
7434
May 11
Apr 30
118
2
25
536
Winona
136
137
25
25
301
6
154 131
25
430
*
BldaadaiS^ed.
||
34 Jan 27
102 Jan 26
29 Mar21
46 Apr 2
lo678 Jan
I'll
19 4 Jan
86
Jan
44 Apr
20
1
29 4 Apr
«64Sep
15
Deo
Jan
L304May
Jan2H 132 May
154 4 Deo
140 4 Aug
14478 Jan 17 1304 Dec 148 Jan
21 Jan 47 Nov
47^4 Jan 24
,
11034 Feb 2
924 Jan 109 Mai
34 Mar 434 J'ne
J'ne 7
11834 Marl 2 116 Ang 124 Jan
34 Apr 3 17 Jan 28 Dec
,44
7J4 Jan
54J'ly
Jan 13 239 Dec 257 Apr
1804 Jan 9 169 4 Mav 191 Jan
b434j.nel8 384 Jan 517e Aug
8978.,.ne 7 804 Jan
884 May
198 Mar 9 nS54J'ne 206 Apr
1
Feb
Feb 24
3 4 Deo
,5
141 4 Apr 6 131 Dec 1404 Apr
1
1^16 Jan 15
Feb
234 Jan
10 Jan 17 Jan
246 4 Jan 2 230 May 268 Oct
10^ Apr 3
84 Jan 104 Feb
1084 Mar 9 100 Dec 114 Jan
23 Feb 13 18 j'ly 23 Jan
26 4 Apr 26 26 May 27 Aug
2 4 May
2^4 Jan 22
4 4 Ang
11334 Mayl7 103 Apr 115
Feb
86^8 Feb 1
67 j'Se 90 Aug
32 Jan 27 -13078 Dec 344 Aug
544 Feb J 3478 Jan 67 Deo
U34 Janl3 98 78 Jan 117 4 Apr
46 4 Jan 20 247eMay 43 4 Dec
91 May 107 Deo
1134 Feb
•55
Mar •674 Jan
j'ne2-2 40
174 Jan 18 11 Dec 224 Feb
98 4 Jan 19 90 Oct 104 Feb
86 Feb 7 82 4 Oct 92 Mm
98 Jan 11 91 May 100 Oct
„ y'^sAprll
250
II
84
47
234
Apr
1
Jan
18
May 1 104 Oct
Apr 49
64 Jan
Jan 5 11 4 Mar
84 Feb 13 60 Jan
122 Marl9 113 Jan
2 May
234 Jan 12
8 Apr
21 Feb 7
6
1358 Mario
Jan
86 4 Jan 20
18
74 Feb 13
24J'ne22
Jan 26 20 Aprl8
1
7434 Mar 6 954 MaylO
178 Jan 11
34 May 16
35 Jan 2 47 4 Feb'-'"
93 Mar 7 112 Mayl7
24 J'ne26 48 Jan 2
60 MaylO 14 Jan 4
85 Mar 5 114 Jan 11
8^8 Jan 19
4 J'ne28
2«8Janl6
13eJ'ue25
MaylO
534 Jan 10 10
90 J'ne 9 122 Jan 2
9 Apr 28 164Jan 8
40 May 2 52 Jan 6
734 J'nel9 12iaApr 5
574 May 2 78 Feb 7
88 Jan 9 111 Feb21
10 J'ne25 14=8Mar30
51 Mar 5 66 Jan 20
43 Mar 5 47 4 Jan 20
8,934 5214 J'ne28 6934 Jan 12
Victoria
Wyandot
ilar
82 4 Apr
82 Mar
9934 Jan
95 Sep lOlSgFeb
178 Apr
172 Jan 1 80 Oct
101 Jan 2 93 Jan 102 Sep
llfiiaApr 9 110 Dec 1174 -A-Pf
25i4May 9 21 4 Jan 31 4 Sep
654 Aug 60 4 Sep
1504 Feb 16 146 Mar 151 Nov
1
5
Before pay't of asseas'tsoaUed in laai.
l>«c
35
13 4 Jan
63 4 Jan
150 Jau
Oct
Nowstoos;.
854 Dec
22 Nov
Max
120 Deo
8634
4
Oct
204 Oct
lOVDeo
32 4 Dec
74 Apr
3134.\prl« 2034 J'ne
3 Jan
7 4 Jan 18
6
Apr27| 29 38 Jan 6 17 4 May 2534 Jan
6 May 18 4 Mai
634 Apr 28 124 Jan 13
40 J 'ne27 14Jan 4 70 J'ne 17, Oot
104
17s8Jan
1034 J'ne22
Jan 18^ Deo
"
67 J'ne 5 48 May 6434 Deo
544 Mar
8
Wolverine
Mai
Sep
W5 Jan ni
44 Jan
54'4
80
OS'S,
Apr
152 Nov 158 4 Apr
x'lM May 249 Max
17.)
IJeo 1854 >!«
171
Jan 175 Apr
2378j'ne26
6
137
933b
1
Dec 261
17
534
•74
5
Feb 23
93gJanl7
734
Utah Con (Gold)
Marl9
14 4 May 2
6<4
624 544
May
n9 4Jaii
70 3£a 1114 Deo
9534 J'n"e28 118 Febl3
o J'ne 1534 Deo
9 Apr 24 1634 Jan
25
74
4 May 73 4 Deo
Feb
14
May
674
2
7 Nov
6 Jan 8 a\ ^"^
3 Mar 5
3 Nov
2 Jan 3 45 J'ne
7g J'ne
124 May 2«78 Oct
1034 May28 284 Jau 6
27 J'ne25 49 7e Feb 14 28 May 37 4 Deo
•45 May29 •75
Maris 50 May •95 Oot
534 Jan
35 Deo
20»8 Maris 33 4 Jan 2
108 May 3 120 Apr 17
675 May 2 715 Jan 15 501 J'ne 720 Deo
10 Feb 8 •12 Jan 12 10 Mar 20 Oct
20 J'ne26 32 Jan 12 16»gMar 34 4 Oct
5 4 Sep
5 4 Apr 2
8 4 Jan
5 4 Apr 27
30 Mar 76 May
•58 J'ne23 70 Jan 22
15>4
60
534 554
6 Jan 10
33 4 Mav 2
l,2t»5
1,186
74,50
20
660
100
784 Last Sale 7»4
LastSale lis
100
1L8 120
LastSale 2
2
May'06 Elm River
12
174
17 4 18
17^, Franklin
25 1,507
174 18
1034
11
llSg Granby Consolidated. 10 1,588
11
11
11
24I4
24
244
24*8 24'8
244 Greene Consolidated. 10 7,521
-^ Guanajuato Consol.. 5 600
5>4 64
64
5% 5»8
64
I7I4 18
174 174 17
174 Isle Royale (Copper). 26 1,501
734
Mass Consol
8
25
74 74 •74 8
750
•40
la
45
25
4 Mayflower
4 46
709
11
1034 1034
104 11
11 Michigan
26
546
60
694 00
60
60
60 Mohawk
26 1,731
Montana Coal <& Coke 25
24 24 •238
24 24
200
1676
I714 171,
I714 I714
174 Nevada Consolidated 6 1,520
8614
83
84
8678 North Butte
15 13,292
864 844
•60
»4
]
Old Colony
1
25
101
38 39
364
874 38
38 Old Dominion
25
683
108
107 109
1074109
1084 Osceola
25 5.730
26i« •25
2438 26
25
26 Parrott(Silvfe Copp) 10 3,341
•60
••60
•60
70
•60
•60
Phoenix Consol
25
100
94
94
934
«34Qniiicy
93
93
25
70
4I4
4I4
414
4
4
414 Rhode Island
25
755
•II4
Santa Fe( Gold <fe Cop) 10
14 II4 lia II4
14
110
gi*
83^
8
84 8i«
84 Shannon
10 7,790
96
•95
97
98
98 Tamarack
98
26
202
10 14
lOig
IOI4 Teoumseh
10
10
10
25 1,848
42
42
Tennessee
25
190
8
84 878
84
25 8,368
84 Trinity
63 14 United Copper
69
6414
60
61
64
100 7,920
•90 100
LastSale 92
May'06
Do pref
100
10
10
10
10
94
10 Unit States Coal .feOil 25 2,050
65
5514
553.
65
55
55 U S Smelt Ret.&Min. 50 1,834
464 464 46I4 461. 0:4514
Do pret
454
50 1,880
6434
74
154
21
Mining
AdTenttire Con
25
25
354 AUouez
9534
Amalgamated
CopperlOO
994
J'ne'06 Am Zmc Lead & Sva. 25
25
'"3" '"34 Anaconda
Arcadian
25
6»4
35
7778
!53
123 Nov 132
Feb
188 Jan 1 8934 -Mar
160 4 Jan 167 Aug
285 Jan 300 Aug
141
D.-c 148
Mar
59 4 Jan 92 Oct
86 Jan 96 Nov
175 Jan 192
Dec
13 Oct 23 Apr
55 Nov 7018 Mar
2514 Jan 9
1934 May 257^ Deo
207 140 an 27 al9l)4 Dec 2151, Sep
163 Feb 7 164 Oct 167 34 May
233 4 Mario 232 Jan 233 May
210 Jan 15 205 4 Jau 212 Apr
79 Jan 102 Feb
57 Feb 20 524 Dec 87 Feb
64 Jan 4 50 Apr 72 Jan
80 Mar 2 50 Jan 67 4 *"«
106
Feb 20 93 4 Jan 102 Sep
I6OI4 Jan'.i4 113
Jan 15118 Deo
iVIi8cellaneou.s
23
4
I2I9
110 110
682 la 685
161a
110
Last Sale ^•514
Last Sale 60
Last Sale ISO
•23
94
50 .Tan 15
100
50 Marl 4
100
65 Jan 10
Do pref
100
19 95 J,an 10
Union Pacific
100 4.740 139 4 May 2
Do pref
100
14 91 May 3
Vermont & Mass
100
175 Jan 11
West End St
50
96 J'nelO
Do pref
50
110 J'ne27
Wisconsin Central. 100
25 14 May 9
Do pref
100
WoicNash& Roch..l00
150 Feb 6
133 134
12s 131 Mav
1333413334 135 135
May
1,755 132
136ial37ia 136i2l37ia 1364137
34i2Amer Woolen
36I4
344 35
100 1,161 32 J'ne29
35
36
36
11034
Do
pref
100
IO514IO54
104
10284
May 3
105ial06
845
1053b 106
Last Sale 44
10
J'ne'06 Boston Land
334 Jan 11
*4
434
434
11678 117 Cumberl Telep <fe Tel 100
II6I4II6I4
70
J'ne2S
1164
116 117
1161a 1161a
.^„
Lastsale^"
26 Jan 4
J'ne'06 Dominion Iron <fe St
29 1«
30
379
9I4
8 7f East Boston Land
880
9
S'a Jan31
9
914
243
241 245
243
243 Edison Elec lUittn... 100
108 238 J'uel2
244 244
General Electric
161^8 16238
100
46 16li4May 2
163 leSH
684
574 59
69 Mass'chnsettsGasCoslOO 10,538 44 May 3
68 la 59 H,
681a 5938
Do pref
874 874 88
100 1,60
88
8434 Mayl7
88
88 14
88
88
194
19S 195
195 Mer^nthaler Lino.. 100
72 190 Mar23
196 196
195
379
Mexican Telephone.. 10
34 4
-SV,
4
820
3 Jan 2
4
4
•31a
•130
Telephone
131 131
100
131
80 n303*j'ne20
•13034 13034 131 131
Last Sale 1
Jan '06 jPlAntComt'ststkcomlOO
1
la
Jan 16
la
Last Sale 13Ki Sep '05
Do pref
100
10
10
221
100
222 PuUnianCo
224 224
224 la 2241a 225 225
193 220 May 2
10
•91a 10
10 Reece Button-Hole.! 10
*9ia 10
94 Jan 11
15
•91a 10
1024 1024 Swift <fe Co
100
IO2I4 102 1021,
loin's 1 02 14 102
431 10134 J'ne22
•224
224
Torrington Class A.. 25
23
23
*22ia 23
10 22 4 Jan 11
a^^ 221a
Last Sale £fi'4 Apr '06
Do pref
•26 ..„
25
*26
364Mar29
LastSale 2,„„ J'ne'06 TTnion Cop L'd & Mg 25
•21, 1
2 J'nell
%
•2«a
109 4110 a;108
108 United Fruit
100 1,846 1034 May 2
110 111
109 1*9
77
77
77 Un Shoe Mach Corp. 25 1,797 73 Jan 10
78
78
78
79
777t
29 4 2934 .0?^'=
Do pref
29 19 SO
25 1,033 «294J'ne20
SO
291a 29 3<
LastSale *SJs Feb '06 U S Rubber
100
48 79 Feb 19
Do pref
LastSale ZC/9 4 j'ne'Oe
100
109 May23
35I4 3678
31«8 36
g^"*
100 19,667 3414 J'ne29
3834 U S Steel Corp
3534 3634
Do pref
10034 101 7(
100 3,072 99i4T'ne2H
Sf** 102
102 102^8 102 102
• 46
•45
West End Land..
••45
•45
25
•45
....
65 40 Jan 26
•12
12
*12
12
12
13 West Telep dfc Teleg.lOO
I'J
32 12 Jan 2
121a
91
•91
Do
pref
93
•90
100
91
92
92
92
32 88 Apr 25
Last Sale
*80
7634 80
J'ne'06 Westing El cfc Mfg.. . 50
77 4 J'ne 8
82
Do pref
•90
91
60
20 85 May24
91
90
90
95
31a
1
27
•60"
25
14178
;94'8
•9614
97
110
224Mayl2
331 192 4.T'ne27
157 May26
230 .ran 16
11 205
May21
:
12
•90
•80
•90
21
•934
loov,
1441^
95»4
Last Sale 175
•98
110
96
110
•231a
241a 241a
•94
95
I834 191a
361a 87 14
130 131
58
•3
*1
»
10
227
10
37\ 36 !« ?7
104% 1031a 10334
92
82
13
28
la
225
10
102
96
110
97
•9414
J'neI2 160 .Jaiil'i
J'nel'J 246 4 Apr 2i
T'nelB lH(>4Apr 21
170 J'ne 7 1754 May 4
310 J'ne 9 314 4Apr24
25 Jan 17 394 Apr 7
72 4 -Tan 16 90 Apr 7
100 May2G 182 Jan 12
121
J'ue22 127 Jan 16
18834 May31 190
Mar24
103 Apr <> 163 Apr H
297 4 Apr 3 298 Apr 2
I3714 J'nel2 145 Jan 3
95 Jan 8 107 Apr 27
95 Jan 2
924 Feb
197 Mar27 198 Apr 13
17 Jan 5 23 J'ne 8
59 4 Jan 2 75 .I'ne 1^
152
Rutland pref
May'06 Seattle Electric
^Last Sale
^nr.
100
*100
967gj,inl3
238
Lastsale
143
1
HiahMt
Lowest
May 2 10.S4./an 3
J'ne'iS 25714 Kel)]9
NE
131
h
•
*
721.,
lOOVjlOOia
14278 146
95
95
lOOi-i
•96
97
II212 *110
29'i
*194
.
541a
721,
May
Highest
17 170
'
70
Lowest
100
245
.
*70
72>-)
100 1,10012
Uange lor J-^etUnn
Year(iyoS)
We*k
CliicJuncBy&US YlOO
131
Do pref
100
r-iie'Oi)
Last Sale 1H8\ May'OO Con <fe Mont Class 4.. 100
Last Sale 163
Apr '00 Conncfc Pass Riv pref 100
Last Sale
Apr'Of) Connecticut River. ..100
100
*lS7Vil38>, '137H)1»9
•13712138^ .137 42 1371.2 •13718 ]3Si^ Fitchburg pref
137Vj...
•102
103 4 da Ry c& Electric... 100
104 107
•104>2l06
lOJialO.iia
1031a ..--.-103 4;
94
Do pref
100
*91
•91
M»y'06
93
9II11
93
...
911a I^attSale
Maine Central
100
19R 198
1878
•ISia 19
100
187. Mass Electric Cos
•19!^ 20
I9I4 191,
19
19
19>a 20
69S< 70
Do pref
100
671,
674 69 .671a
69
681^2 681,
681a 684
100
May'06 Mexican Central
*2m 22>5 •21>-j 22V. 2II4 22I4 •2118 221* Last Sale T^.
N
Y
N
1 00
H
<fc
*194 194 >s 1941419415 193»4 1941a 1921a 194
19^ 1931a 193
Hart
193 4
Last Sale 1^0
100
j'ne'06 Northern N H..
.r^-^'^Sale <#50ia Apr '06 Norwich & Wor pref 100
,205 4 §05 4 Old Colony
100
'206 207
.207
2051420514 205 207
100
Oct '05 Pere Marquette..
Last'sale '(Ji
Do pref
100
I'O.tiSale ScJis
J'ne'Oe
•
Year
lor
1906
the
Share*
Kiiilrondn
Atch Top «c Santa FelOO
no nref
100
Boston & Albany
100
Ronton Klevalod
100
Boston <fc howell
100
Boston & Maine
100
I>o
pref
100
Boston & ProvirtencelOO
Boston&Wor Elec Co
J'ne'Dii
171
174
HI
EXCHAN«E
I004
Hange
Sales
BOSTON STOCK
Friday
June 29
I^nstsale
240
172
738
170
STOCKS
Thursday
June <?8
Weekly and Yearly
Record, Daily.
J'ly
64 Deo
Deo
Deo
May 2"^ Oct
23 4 May 36 4 Deo
88 Feb 115 Oot
75
22
50
95
Autr
J'ne
j^ne
13
93
47
Deo
34 Jan
May 118 Jan
14 May 87g Oot
14 May 3 Jsa
9
Jan
May 140
Mar
e'^Feb
101
164 Oct
5334 Deo
13»8Feb
7 38 Jan
9 Mar 75
Deo
74 4 Nov S8 Deo
94 Apr 1334 Deo
2 Feb
•247gj'ne
39 S Mar 68«, Nov
e2
May t74 0ot
7 4 Dec 16 4 Feb
Mario
Mario 105 Jau 134 Deo
134 Jan 26
14J'n6| 27gFei>
78J'ne2
Aw'tpaiA. * Kx-righw. •ax.div.*righla
638
f
2
104 Dec
84
Jan 2
yiiMarH
Feb 9 10
Jan 30 151
June
3Q 1906.
BONDS*
BOSTON STOCK EXCH'Gh
Week EwDtNo Jdne
Price
Weeic's
hyidav
Range, or
Last fiaLe
June ^9
5<i
29
Ask Low
98 '4
99
Bid
Am
Am
1908 j-j
Beli Telephone 4«
Telep & Tol coL tr 4«.19'2fi j-j
Aiu Writ Paper 1st 8 1 5.s ;; 1 'Jl'J J.J
Atcli .t Nebraska l8t7«..19()8
Atcli Ton <fe S Fe Ren g 4s. . iy<J5
Arijusfment g 4s
J'lylOS15
98
92
M-S
1
00 'e Sale
93 "2 95
J -I)
110 Feb'()4
104 V2 Apr '(10
101«H Mny'Oti
114
111
Apr'OtJ
102
Sop
A-0
100
129
1124 Jan
Q-F
89^
90
AG
AG
100
M-K
104
F-A
10218 102
99
91
J-J
S,
100
92
JJ
M-N
99
102
J-D
Sale
M-S 100
M-N
M-S
M-S
FremtElk<feMoVlst68..1933 A-O
Unstamped 1st 63
1933 A-O
97>Q 98
Gt Nor C B & Q coU tr 48 1 921 J-J
1906
1908
1916
1927
4s
48
Registered 48
1921 Q-J
>«
101
104
6s
63
5s
. .
Apr'OO
126
Feb '05
Jan
90
1906
1907
1908
99 100 •,
1915
l<l27g 1051a New England cons g 5s... 1945
97^1 99 Sg
Boston Term Ist 4s
1939
9112 941-2 Old Colony gold 48
1924
OrM[ Ry & Nav con g 4s.. 1946
104^4 107
19^22
OregSh Line Ist g 68
971a 99 lu Repub VaUey let s f 6s. 1919
122 I24I4 Rutland Ist con gen 413S.I94I
Rutland-Canadian 1st 4s 1949
Savannah Elec 1st cons 5s.] 952
101
105
Seattle Elec 1st g 53
1930
IOII4IOII4 i'erre Haute Elec 1; os
1929
Torrington 1st g 5s
1918
100 106
Union Pac RR & 1 gr g 4s. 1947
97
97
1911
1st lienconv 4s
100 101
United Fruit conv gen 5s. 1911
100 Is 101
V S Steel Corp 10-60 yr 5s. 1963
'06
100
loo '4
103 Hi Sep '05
10!)
1001^4
s 1
2d cons inc 3s
Jan 1939
Mich Telep cons 5s tr rec.1929
Minne Gen Elec con g 5s 1929
New EngCot Yarn 5s
1929
New EngTeleph6s
-.
122
100
97
100
\:Z
IOOI4
West End Street Ry 48. ...1915
103 >8 Apr '05
102 S: Mar'06
137 '9 Apr'Otj
140 Apr '06
97 ^B
98 U
lOaVilOSi^
137 1371?
J'ne'06
965s]01i6
97^4
"
»6»8
Philadelphia and Baltimore Stock
Saturday
June 23
Monday
Titesdav
June 25
June 26
I'er
G«ld4i2S
Gold debenture 4s
1914
1916
1917
Western Teleph <fe Tel 5s. 1932
Wisconsin Cent let gen 4sl949
Wisconsin Valley 1st 7s.. 1909
Golii4s
ioi'-'4
Note— Buyer pays accrued interest in addition to the purchase price for all
Share Prices—Not
Boston Bonds.
»
No price
ACTIVE STOCKS
Thursday
June 28
Friday
Exchanges— Stock Record,
Centnm Prices
Wednesday
June ^7
1st 7s. ..1912
Cons 1st 48
1912
Marn Hough & Out 1st 68.1925
Mexican Central cons 4s. .1911
IstconsincSs
Jan 1939
"i/ii'g
87
too
103
II2I4 Jao '03
J'ne'06
A-0
A-0
W Ist 4s.
..1946 A-0
Dominion Coal 1st
5s. .1940 M-N
<fe
Eastern let gold 68
Fltchburg5s
99"
109 Nov'Oo
102
102
101 14 J'ne'06
101
J -I)
Maine Cent cons
IIII4
111
'05
99
1934
Kan C M Ry& Br 1st 5sl929
Kan est Jo &C B Ist 7s.. 1907
'OA
90
99>-j
J-J
J-J
. .
cfc
10434 May'0(;
A-0
. .
Kan C Ft Set Quit Ist 7s.. 1908
Kan C Ft Scott & M Cs. .1928
KanCM& B gen 48
1934
Assented income 5s
9934 M.iy'oe
102'6 J'ne'06
99-8 Jan '0(5
92 J'ne'06
!»9-'s
M-N
M-S
101 J4
9 341 103 V
93I4 97
lOlSslOlSg
lU 114
109 May '05
100 14 J'nc'Oti
104 J'ne'Ot
105
rilmoLs Steel deben 5s
1910
Non-conveitdeben 5s. ..1913
la Falls&sioux Cist 78.. 1917
Kan C Clin & Spr l<^t, 5s. 1925
8«34
St
994.
J'ne'Ol
J'ne'Oo
lll'« J'ly'05
J -I)
100
115
104
10
99^
124
14
1IS518
Mar'uO
J-J
J-J
J-J
J-J
M-N
W
98
90
BOSTON STOCK EXCH'GE
Webk Ending June 29
1
Uigh
Ixno
92
J-J
BONDS
Jiange
Since
Januaryi
!'8'4
101
1194%
lOO's
TI»438
FA
W
High
91»8
Sale
§ -5'
aj
UsSSiMayOi;
104 Mai'UU
A-O
Nov
M-S
M-S
Boston Elect I^igiit Ist6s.l>j08
l!t'24
Consol 6s
1007
Boston <& Lowell 4s
1916
48
1944
Boston <& Maine 4'uR
Boston Terminal l8t3'2S.1947
1918
Burcfe MoRiv ex 68
1918
Non-exempt 6s
1910
Sinking tnnd 48
1917
Btitte & Boston Ist 68
Cellar Kap & Mo R 1st 78.1916
1909
2(178
Cent Vermtlst g4s..Mayl920
C B & a Iowa Div Ist 5s. 1919
1919
lowaDiv Ist 48
1913
Debentnre 5s
1922
Denver Exten 4s
1927
Nebraska Exten 48
1921
B& S
8 t 48
Illinois Div 312S
1949
Northern
Joint bonds See Gt
Chic Jc Ky & 8tk Yds 68 .1915
Coll trust relimding g 4sl940
OhMU <fe St 1' Dub D 6s.. 1920
Ch M <fe St P Wis V div 6sl920
Chic <fe No Mich Ist gu 58.1981
Chic cfc
Mich gen 58. ...1921
Concord & Mont cons 48.. 1920
Conn & Pass K Ist g 4s... 1943
Current River Ist 5a
1927
DetGr Rap
1489
BostoD Bond Eecord.
(For Bonds and Inactive
fYiday
June 29
Stochs see below)
Flat price.
Kange ror Previout
Year (1905)
Jiange lor Year
19U6
thf
Ti
Weekly, Yearly
Daily,
SaCes
of
and asked.
latest bid
;
Week
Highest
Lowest
Share.''
Highest
Lowest
lialtiniore
Consolidated Gas
loo's 100 Hi
•29I4
30
99ia
1U0S210012
29
2a
89
19
90
58
*58
•5214
85I2
52ii
-dbh
11^4
11 '^s
•9
10
•39
40
I9I2
•19
•108 110
77 »a 78
15
15
52iti
hlH
52
62
3514
11^8
35
35V,
3514
•9
»38
11;
11'^
H'4 12
*9
'38
19>4
19
*105
19
12
10
10
40
40
5214
341a
52>4
113,
U'e
'9
•33
10
105
7514
7634
65
61
64^4
65 It,
51
52
62
38
40
I8I4
19
103
73
15
90
58
15
34I4
11=8
•9
35 14
1834
9912
3415
•52
33 '8
1134
U'^a
•8
10
40
*38
•18
104
181a 181a
10434 105
107
29
90
59
72
75
521,
64^18 e5
oO-a 50%
64
64
601-2
Shi
•Siia
fciia
8I16
26
25
64 •, 65Bie
•15 Si 46
*471q 48
631^4 63 14
8512 851.2
She
601a
8
24->4
25
2479
25
24''8
6318
641-^
62i-..64"i6
Sifl
•2534
21;
I4
65 14 668
•46'^ 46
•4734 48ii6
63 14 63 '4
85=8 80-*,
51
VH1I-AUE1.PH1A
Inactive Stocks
Allegheny Val pret
American Cement
Amer Gas of N J
Bell Telephone
Cambria Iron
•<l5i3
'47ii>
46
43
6319 63^8
85I4
85
Bid
lis
10
40
19
104
100
50
50
Coke. 100
100 14
57
Central Coal <fe
Consol Tracof NJ...100
Diamond State Steel.. 10
lo
Preferred
100
100
100
60
100
100
Germautown Pass
Indiana Union Tr
Insurance Co of N A..lti
491..
Sm Pow & Chem.50
Keystone Telephone ..50
E ext 78 1910 A-O
Alt .feLVElec 4 V;S'33.F-A
101
AniRy8Conv58 1911.J-D
57'a Atl City Ist 58 g '19. M-N
Balls Ter Ist 58 1926. J-D
50
1-2
70
71
Lit Brothers
10
50
&.
<fc
Steel.
Northern Central
50
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
Phlla Co (Pitts) pref... 60
Phil German & Norrls.SO
Phlla Traction
50
Railways General
10
Susquen Iron & Steel. .5
Tidewater Steel
10
Preferred
10
Tonopah Mining
Union Tr of Ind
of
Nevl
100
C. 100
United N J RR <fc
Unit Trac Pitts pref. .50
.
Warwick Iron<& Steel. 10
West Jersey <fc SeaSh.60
Weatmoreland Coal
60
Wilkes Gas* Kiec.lOO
•
6318 Union Tracton
833<
United Gas Impt
30
WelsbachCo
I21i»
Ry
l8t
M 5s 1920 M-N
& Peo Tr stk tr otfs
II Gas-L Ist g 5s 1928
H A B Top con 6s "25 A-O
Elec
P
233e
28
Indianapolis Ry 48.1933
Interstate 48 1943 ..F-A
Lehigh Nav 41^8 '14. Q-J
RRs 4s K
1914. Q-F
Gen
4^28 g. 1924. Q-F
211
3I3
2d 73 1910
Consol 6a 1923
Annuity 68
Gen cons
104
114
'6i"
10?
60
60 «a
9334
99
34
1-2
'e
2I4
law,
262
"a
61a
1834
265
li
95
M-S
ibs"'
iofi-j
lllia
100
ibo's
6934
48 2003. M-N
70
114
107
1121a
"bs"
Consol 6s
r
Bid and Mked prices; no aalea oa thi« day.
H Bx-rlght*.
||
98 la
68
32
12»8
1714
87 14
116
701a
104
1.2
99
68 V,
f 7.60 paid,
t
C <fc A ext 5s
124
87 la
1-2
'09 J-J
Ga<& Alalstcon 58 '45 J-J
GaCar&N lst53g'29J-J
Georgia
7'i
.
P
70
931a
350
95
f IS paid.
^
$10
MS
paid.
534 Jan
73'8Aug
55I4N0T
12 la
501a Not
63i4 0ct
12538 Apr
31
1071a
1121a
1113, 1121q
1221a 123 '-J
113 116
62 14 623*
37
38
105
115
114
115
86 14
86
M-N
MetSt(Wash)l8t63'25FA
Mt Ver Cot Duck l8t 5s.
Incomes
Npt N<feO P Ist 5s'33 M-N
96
1
la.
;
J-J;
100
110
112
110
117
117
111
116
UG
113
87
87 la
111 la 112
111
112
951..
97
92
92>4
721a 73 ,
109
\.Xi\
109
110
95
i'S
110«»
90
90
14
116
1091, 109>«
?
Weld68..1936.Jj| 116
$25 paid.
112
106
10534
Ills 112
1st 6s... '22 J-J
b
107
96 >a
(
Knox V Trac 1st us '28A-0
LakeR El Ist gu5s'42M-S
a Receipts.
Not
116
13
i$20p»Kl.
Apr
S36 Apr
Tll'igNoT
47 '8 Aug
I
GaSo & Fla 1st 53 1945 J-J
Q-B-S Brew 3-4S1951M.S
&
Mar
Not
i
WeaVaC<fePl8t6g'H
5H.1932
Feb
Jan
Jan
90 4 Nov
117
'2d 7s
1910 A-O! 113
City & Sub 1st 5s. .'22 J-Di 110
City* Sub(Was)l3t5s'48i 1051a
Coal »fe I Ry 1st 5s '20 F-A, 105
Col&Grnv 1st 63.1916 J-J 114
Consol Gas 6a... 1910 J-D 107
5s
1939 J-D| 112
Charl
Wil
Ext* Imp
2514
1231a
Clias CityRy 1st 5s '23 J-Ji 105
Chas Ry G & El 5s '99 MS' 95
112
Balt<fc
49
Apr
Deo
Bid A Ik
>
\\i"
Anacostia<& Pot 5s
Atl& Chl8t7.. .1907 J-J
Atlan C L RR431952M-S
Atl Coast L(Ct)cU8 5s J -D
Cttsof indebt 43....J-J
6-20 yr 4s 1925
J-J
Bait C Pass l8t 5s '11 M-N
Bait Fundg 58.1916 M-N
Exchange 3ias 1930 J-J
ll9'ii
BALTIiUORE
Ask
Cent'lRycon58l932 M-N
Bonds
102 >2
1919. ..Var
Phil Elec gold trust ctfs.
Trust corllfs 4s
541*
P 1st 6s in I'll A-O
Bait Trac 1st 5s.. '29 M-N
No Bait Div 5.s 1 942 J-D
Convertible 5s. '06 M-N
60
100
100
100
2d pref
Q-B-S Brewing
Income 48 1939. ..M-N
NoOhioTrac con68'I9.J-J
No Penn 1st 48 '36. .M-N
Penngen 68rl910..Var 103 la ibo
Penn <fc Md Steel con 68.
Pa & NY Can 58 '39.A O iis'ii
Con 4s 1939
A-O 101»4
PennSteell8t6s'17M-N
People's Tr tr cert s 48 '43 103
P Co lst<fe col tr 5s'49 M-S 10J14
Con&coltr58l951M-N 104 14
98'a
Sep
11
81a
2d income 58 1951
& Fla...l00
Ist pref
ibu"
83 Mai
47 ''s Jan
12'aApi
General 58
1941 M-S
Norfolk St 1st 5s '44.. J -J
las 1925 A-O
Cent
North
4
35
36
Series A 6s 1926
J-J
371a 42'.j
Series B 68 1926
JJ
971-2 100
Pitt Un Trao 6s 1997 .J-J
80
85
Poto
Val
Ist
58
1941.
.J-J
93<
10',
Sav Fla<fcWe8t68'34 A-Oi
Seaboard 2\. L48 1950 A-0|
Seab & lioan 58 1926. J-J
105
106
South Bound 1st 5S..A-01
103
9934 U El I>&P l8t 4 ias"29 M-N
99
Un Ry A El Ist 43 '49 M-Sl
110 114
Income 48 1949
1-D.
91
94
Va Mul Ist 68 1906.. M-S|
91
94
2d scries 68 1911. ..M-S
103
3d series 6s 1916. .M-s|
110 112
4th ser 3-4-58 1921. M-S'
103
104
5th series 5s 1926. M-s|
110
Va (State) 3s new '32. J-J
114
116
Funddebt'2-38l99l.J4
116 118
West N C con 63 1914 J-J
Preferred
Georgia Sou
i23''^
973,
w.
Inactive (Stocks
50
Ala Cons Coal<fc Iron. 100
Pref
85
100
Atlanta & Charlotte. . 100 ISO
Atlan Coast Line RR. 100 135
Atlan Coast L (Conn) 100 800
92
Canton Co
100
12
Cons 0)tDuck Corp. ..60
10515
ibs'
101
122
101
100
Apr
34 Dec
91 Si Nor
64 Dec
13 Mar
30:'4
BALTIMORE
105
87«4
J-D
J-D
Leh V Trao Ist 4s '29. J-I)
New Con Gas 58 1948 J -D
Newark Pass con 6s 1930
NY Ph & No 1st 48 '39 J J
tr
Roch Ry<fe L con 5s '54J-J
U Trac Ind gen 5s'19. J-J
Un Rys Tr ctfs 48'49J&J
U Trac Pit gen 5s '97 J-J
Welsbaoh s 1 5a 1930. J-D
Wlks-B G<feEcon5s'55J-J
M
Leh V C Ist 5s g '33. .J-J
Leh V ext 4s 1st 1948. J-D
15 Hi
W* B Ry
col
4s '21. J-J
1st Cs 1930.
Portland
Eq
23
'47. A-O
Terminal 5s g 1941. Q-F
90
11034
51
<fe
48
Ma;
Maj
211a Jan
•/
Bid
iieU
58 "19 J-J
1st con 5s 1932
1st 5s. '33
50
100
50
50
25
50
50
50
50
50
50
100
83
99
Marl 5 54 Jan 27 48 Jan
Jan 5 3734 Jan 24 2434 May
May 9 12 la Jan 10 lOia Jan
May 9 14 Jan 4
81a Dec
38 Muyl4 48 Jan 19 36 Nov
726 I8I4 J'ne2( 23=4 Jan 15 141a May
118 Jan 19 lOOiaJ'ly
222 101 '4 May
13,249 65 May 2 86 J'ne 8 52 13 Jan
4(^0
2^8 Dec
I '8 J'nel4 3i»ie Jan 10
5,300 63 ^ig J'ne29 731I18 Jan 22 65l3i8 May
731 47 Apr 20 a54 "a Mar2(> 40^4 Jan
J an 11
Jan 15
J'ne
1.332
8
24 J'nelu 34 14 Jan 2'; 1 1734 Jan
3,0;. 5
68,581 66 14 -May 3 83 Jan 23 39=8 Jan
43 »8 Apr 16 471B18 Jan 23 45 May
300 44 '8 \\»y 2 51 Jan 23 42 Jan
475 6 134 Mar28 6334 Jan 30 58 14 Mai
Mayl6 101 Feb 15 90 J'ne
5,908
30 Jan 6 32 Mar 1 20 Feb
69
6,621
2,957
PH1L2UJELPUIA
E gen M 5 g '20. A-O
GenM 4sgl920..A&O
Ph & Read 2d 5s '33. A-O
Con M 78 1911
J-D 113"
ConM 6s g 1911....
J-D 108
g
Ask
Ex ImpM
Bethle Steel 6s 1998. Q-F
Che & D Can 1st 5s '16 J J
Choc<ftMel8t5sl949 J-J
Con Tracof N J
RR
Do 2dpiel
46
ibo"' 101
104
E c& A
Schuyl H..50
Iron
MarsdenCo
•10019
BergdfcEBrw Ist 68'21 J-J
Col St
60
Little Schuylkill
N Haven
1''8
P
ChOk&Ggen
KeystoneWatchCase.lOO
Mlnehili
Bid
7=8
•••13 .....^
Inter
Preferred
"-4
PHILADELPHIA
Ask
Easton Con Electric 6.50
Indianapolis St
6318
100
Lake Superior Corp
Lenieh C <& Nav tr ctf s. 50
74I4 Lehigh Valley
Al Val
5(j
71-2
Ft Wayne tfeWV
8
24^8
*45
6313 63^8
6318
84^8 84'6 a;33
•25
48
85
Co
6338 6434 Pennsylvania
50'a 5012 Philadelp'aCo(Pittsb).
Philadelphia Electric^.
8'i6 St
24 "a 24^8 PhUa Rapid Transit i..
61 621118 Reading
•45
46
Do Isl pret
-a
6l3ia 63
45 46
45
45
46
50
50
of America 10
100
Gen Asphalt tr ctls
100
Do pref tr ctls
Electric
Bonds
10
Elec Storage Batt
Preferred
•45
•47
63I9
841a
PhiladelphEa
American Railways
34 »4 Cambria Steel
1^8
65>4 65i5i6 64i3i6
'50^4
61
51
82 J'ne 7 92 J'ne'IO
272 9334 May 6 107i2Jan29
100 27 la May 5 32 Jan 17
38 89 J'ne25 9134Mar30
300 56 May 8 62iaJau 5
70 15 Jan 8 19 Jan 1
100
50
100
100
100
Northern Central
SeaN>ar« (new)
Do Istprel
Do 2d pref
151a United Ry cfc Electric. 50
xTi
7634
74''8
9934
991a
»28
•88
*68
•15
118
THE CHRONICLE.
1490
Volume
Business at Stock Excaaages
ot
TKANSACTIUMS AT THE
DAILY,
NEW YOUK
WEEKLY AND
Sloctet
Hi.6
Par
Hhare*
aatiie
39l,'2ti6
*34,2H1.H0:)
+607.000
l.O-JO.OOO
Moniiay
991.074
•ruo8<lay
l,177.7r)8
101.0.50.81)0
Wednesday
Thuraday
l,l-.'0,934
itj.84S.400
.'15,076
106.804,600
86. 305.500
1,
1176,930
Friday
-;.'),
U S
Bonds
Xo Hudson
$229.00
253.000
213.000
226.500
124.00U
152,000
»
1.7o4,500
l.(i
1(
Stau
Bonds
dtc
tlataniuy
yi-..30j.4i;o
iHlij.'jn 11152
YEAR1,Y
Hondt
5. )0
I.l90..=i00
1.021.500
BiU
i.fin *<«-curitieH
ml. iiua polls (iua
6->
50
Al-OU 99
Jackson Ha.s 5h g '37. A.O } 98
Kansas City (4a»
100
40
llL;>.cle<le i>H8
iOO
Prefer led
100
l>aiay'e(ia«lRt6M'24..M-N
iW
Loi;<feWabVlsUis'25.J-I)
34
viailis. n Gas (i.s 1926. A-O n03^
-Vewark Gas 6h 1944. yJ n33
-N'ewark Coii.sol Gas. .100
90
^ICoii ^' 5s 1948
J.D 109
I
STOCK EXCRANC4K
Kal'-road
June <y
[Vol, lxxxii.
Ij
H
<fe
PowA.O
nOH
.100
1-D
Pat ,«; Pas Gas & Elecl 00
1; Con K 58 1949. ...M.S
25
70
5» 1938
1|Oi!%IndCNat&
(i'l.V.obo
1.000
1,000
10
*7. 279. 000 $1,197,500
January
Week eliding June 29
^a'.ei at
I
$17,000
Jum 29
to
aOO
i
T«*leKr iH^ Telciihone
l|.*.merTeleg& Cable lOU
1906
1905
1906
1905
—
137,51^2 969
147,823.642
3,613,850
5.873,6?8
Stocks .N u. sUareti
+510.5',13,300|$329,449,250 <;13.108,174,100,<il2,796,89:
Par value
4y6 800
$3i,'<;eo
$296,500
$1,000,
Baalc sliaibs. par..
BONUS
*i29,J00
$304 900
$17,000
1.197.500
7,279,000
5,283,300
11,740,200
$1,173,000
46.302,150
345,755,800
95,5i'0 400
48l,23'J .100
i8.493,500
$17,053,000
$393,230,950
$577,134,400
(Jovernnieui bonds
State i>ouua
BB, and mis. bonds
90
140
115
78
47
118
8y
& So Amer. 100
Coiumer Un Tel (N V).25
Kmp <fc Bay SUte Tel 100
Franklin
100
IIGold ,fc stock
100
Hud.son River Teleph iOO
Y&N
liN
J Teleph... 100
IINorthwestern Teleg. 50
Pacific <fe Atlantic
25
Atlantic 25
II Southern &
Electric
Total bonds...
101
Satarday
Monday
Taesilay
Wednesday
Thursday
Friday
Total.
.-.
jpfiUadelpftia
Boston
12:.
120
80
100
I
.
,
Bond
.
x'tst««
s/iare*
saUs
$3 4,000
19,500
10,500
10,2oO
13,500
13.000
15,891
35,768
31.336
21,714
32,171
15,385
152,265
104,3J5l
$100,700
Listed
shares
107
135
91
Bond
siKvres
sales
V2
$35,425
56,200
16,492
109,700|
66,071]
$294,800
:»0
19,012
18,708
21,954
25,844,
•;6,800
23,000
69,6 25
53,750
100
25
Debenture 48 19."il A&O
8
Cons Storajre BatterylOO
Corn Prwl Ref See Stock Exch
18
Cramps' Sh&En BldglOO
Dominion Copper
Douglas Copper
30
76
101
119
6
t
100
100
100
100
100
100
Preferred
Electric Vehicle
Preferred
Preferred
92
150
53
123
91
135
125
85
103
U
list
24
70i<j
104
121
Chemical ..100
1 00
Gold Hill Copper
1
Greene Con Copper... 10
Greene Consol Gold. ..10
t
'ireene Gold-Silver
t
Preferred
10
25
70
15
4
19
8
35
75
102
104
40
7iJ
1»8
1^8
24%,
24 »«
I
2',
1»(
2S0
GuggenheimExiilo'n. 100
5»a
20
60
12
16
V General
'1
1'4
12
30
1
5
Electric Boat
74
104
95
Atk
55
40
70
6
11
100
100
11 Preterrcu
(Jnban Bs of 1896
'(ll>iamond .Match Co. 100
31,
1\
280
Hackensack Water Co
Companies
Chicago Edison Co See C hicago list
IlKingsCo El L<feP Co 100 148 tl51
103
.Varragan (Prov) El Co 50 t
53
El L&PowColOO
4S
65
75
Preferred
100
65
United Electric otN J 100
71
73
48 1949
J-D
Ref g 4s 52 op 12. ..J-J
Hall Signal Co
100
Havana Tobacco Co.. 100
Preferred
100
1st g 5s June 1 '22. J-D
Hecker-Jonea-Jew'l Mill
Si
{
Uobokeu
Landife
I'2
90
22
33
66
106
lsl6s 1922
M-S
Her'g-HaU-Mar,iiew. 100
25
94
98
23 >«
36
69
110
35
200
ImplOO
M.N ao2
115s 1910
Houston Oil
PreteiTed
Hudson Realty
Ferry Companies
5,078
8,169
11,605
7,860
13,862
8,197
7.6
5i«
lis
7
•i.Crucible Steel
no
Brooklyn Ferry stocklOO
1
B<fcNY'l8t6s 1911.J-J a(»o
N Y <fc E R Ferry stk. 100 66
90
1st 68 1922
M-N
N Y & Hob con 68 '46.J-D n08i2 109
Hob Fy Isl 5s 1946 M-N no;i 110
N Y& N J 2d 53 1946. J-J ao5
40
10th & 23d Sts Ferry 100
Ist mort 58 1919. ..J-D i 85
28
TiUniou Ferry stock .100
1!l8t68l920
94
M-N 92
53
20
60
Ry LtmtKolnir.lOO
Rubber Tire. .100
Preferred
>
Unlisted
B<u
('01190I
\
'
^liMcel
,
r,ouo
45
100
110
43
38
DAILY TBANSACTIONS AT THE BOSTON AND PHILADELPHIA NY&y
EXCHANGES
Wesk ending
Jtine 29
lyot
ami
Fircw'ks com .100;
100
II Preferred
!;C(ins
Empire Steel
'iCeutral
liew YorK ,SU>ck
Kxciiange
90
InfluNirinI
Cousolid C:ar Healing 100|
2
111
Ist Os 1926
StJoaephGa85s 1937.J-J
5,S73.6:« t510.593 3
Total
ASK
103
8
100
100
38
125
85
,
IngersoU-Rand pret.lOO
internat'lBankingColOO
Int'n'l Merc Marine. 100
Preferred
100
Col tr deb 4 'al922op'07
9*9
45
.35
95
155
International Salt
100
Ist g 5s 1951
International Silver. 100
Preferred
100
10\
114
29 '4
76
31
60
29»4
S
49
I8t68l948
J-D {107
65
fjackawanna Steel... 100
Lanston Monotype
20 1 14",
Lawyers Mort insur.lOO 185
50
1jLeh<fe Wilkesb Coal.5u
Lord & Taylor
100 liO
Preferred
100 100
1ILorUlard(P)prel ...100 130
77S
33
67
10
52
109
68
14>a
Railroad
189
60
Al<fcSu8 40yr3'28Ct8 6ee Stk E X list
130
Chlo Peo & St L pret.lOO
io;<
Deposited stock
2
165
Undeposited stock
2
A Weekly Review o! Outside Market will be found on a preceding page.
Prior lien g 4 'Ti8'30M<fcS
98 102
Mackiy Companies ..100 7II9 72
Con mtg g 5s 1930.J<fcJ
711a 72
75
82
Preferred
100
Street UaUvrays
Street Railways
15
Bid Ask
Bid
Ask
Income 6s 1930
26
10
20
Madison Sq Garden.. 100
75
Lake St (Chic) El
See C hicago list
Chic Subway. See Cliicag o list
M.N
2d 68 1919
NEW YOEK CITY
lILoulsv St 581930. .J<fcJ nil's U2»4 Delaw <fe Hudson con deb
61a
7
UManliatt Beach Co. 100
3
Lynn<fe Bos Ist 68 •24.J-D ao7
34
29
4» 1906-16
34
^ee StkE X list Manhattan Transit
20
Bleeck St<fc Ful F atk 100
33
Vi
95
35
17
H.Vew Orl Bys & Lgt.100
UFort Worth <fc Denver
Mex Nat Construe. pflOO 13
1|l8tinorl48 1950 ..J-J
^Preferred
237
100
Si's 82
243
City stamped
100
86
Mine Securities
6
11 B'y & 7tli Ave stlt ..100
6 s.
105
UGen g 4>28 '35 See Stk E X list
Y
& HartfordMitchell Mining
10 t
112dmort 5s 1914 ...JJ 103
North Chic Street See C hicago list
Con deb 3 las 1956. J<fcJ ni2ii
«
Monongahela R Coal. .50
Con 58 1943 See Stock Exch list
22
Pub Serv Corp of J 100 100 106
23
North'u Securities Stubs 2371a 250
Preferred
50
B'waySurf IstSa^ 1924 no6 108
360
Tr ctf 8 2% to 696 perpet
69
70
S
Penn. gu g 4 '11% notes
Mont & Boston Cousol .6 1
iCent'i Crosst'n 8tk..l00 340
Coll trust 58 gold notes
105
118
Nov 1 1907
99 Sj Mortgage Bond Co. ..100 100
lIlstM. 68 1922 ...M-K 4116
i 99^
1909 optional. ...M-N i 953, oe^j Puts Bess <b L E
112
37
Nat Bank.otCuba
100 109
50 r 34
UCenPk N <fe K K atk. 100 198 i02
170 n79
North Jersey St Ky 100
30
145
Preferred
60 r 70
73
National Surety
100 13a
flCJir't'r<fe lOtli St stk 100
1734 18
Ist 48 1948
M-N i 78
Bailroad Securities Co.—
Nevada Cons'd Copper.
Col<& 9 tU Ave 5s See Stock Exch List
35
ConsTracof
81
J...100
82
IU.C.stk.tr.cfs.8er.A*52
45
93
20
llNew central Coal
Dry D E B <fc B—
42 I4 42Sl
110
l8t 58 1933
J-D ao7^ 108
Seaboard Air Line
J Ter Dock<fe Imp. 100
lllsl gold 58 1932.. .J-D 108
lo2ia
99
102
New'k Pas By 58 '30J-J
112
CoUtr?isl907 op... M-S
100
98
flScrip 58 1914 ....F-A
N Y Biscuit 6s 1911. M-S 19u
Bapld lYan St Ky..l00 240 250
380 105
!00
SeaboardCo
6ee Ball Exch Hat
N Y' Mtge & Secui ity . 100
11 Kixlilli Avenue stk.lOO
40
105
Ist 58 1921
A-O U08
42
Va c& Southwestern. .100
100
IINew York Dock
TiScrip 68 1914 ....F-A 100
75
25
J C Hob<Si PatersonlOO
82
T]4i2d&GrSlF'y8tk..lOO 390 110
loo
UPreferred
Industrial and lUiscel
6
70
50
48 g 1949
M-N } 73
74
<fe StN AV..100
42dSt
X Y' Transportation... 20
So J Gas El <fc Trao 100 124 125
Ahmeek Mining
80
5l8tmort 6s 1910 .M-S 102 106
26 t 78
Niles-Bera-Pondcom.lOO 120
2
66
70
Gug68 1953
M-S noo lol
i25
Alliance Realty
3
100 118
l]2d income 6s 1915 J-J
100
llOntario Silver
68'
48
No Hud Co Ry 14 J-J nio 112
51
Interboro-Metropolitan—
American Can com... 100
6%
Otis Elevator com
100
98 100
5s 1928
111
J-J no9
55 -.
55
Preferred
Prelerred
Common. See Stock Ex cha'ge list
loo
100
Ext 5s 1924
M-N noo 103
*Si
*»8
Preferred. 6e« Stock Ex clia'ge list
American Chicle Co.. 100 17j 182
Phoenix Securities.
30 14
Pat City con 68 '31. J-D n2o
lu3
107
Preferred
4 'a% bonds. S^e Stock Exch list
1 00
Pittsburg Brewing
60 t 30
k
Exv
Lis
I
2d
6a...
.1914 opt A-O noo
44
46
50 >«
Graphopho com.. 100
Preferred
tiex A V <fc Pav F 5s i^ee Si
50 t 60
See C hicago list
82
84
Preferred
Metropol Securities See Stk E X list So Side El (Chic)
iOO
Pittsburg Coal See Stock Exch List
4
106
5
Amer Hardware
Metropol Street Uy See Stk E X list Syracuse Rap Tr 58 1946 no6J<
lOu 104
Pope Manufacturing.lOO
105"
65
Trent P &
58 1943J-D no2
76
J ce Securities
Ist prelerred
100
Ninth Avenue stock. 100 170 180
See Stk E \ list
200
14
JOS
United
Bys
of
Stti—
105
17
Malting 6s 19 14. J-D 103
Second Avenue stocklOO
2d preferred
100
4912 5018 Amer Press Assoc' n. 100
103
Com vot ir ctfs
100
95
106
107
Pratt & Whitn pref..lOO 102
lllst mort 58 1909 M-N noi
80
UPref erred
100
81
1
3
168
ConsolSs 1948.... F-A nio 113
Soda Foan oom..lO<J
Really Assoc (Bklyn)lOO 160
174
»en 48 1934
See Stk Exch list
40
48
Ist preferred
Royal Bak Powd pref .100 lo7
HSixth Avenue stock 100 17J
100
UnitRysSanFran <S«€Stk Exch list
10
306
6
2d preferred
Sou Boulev 58 1945. .J-J noo 104
Safety Car Heat<fc Lt 100 290
1 00
56
Wa«hl".y<fe El Co.... 100
39
40
BoFerlsi 5s 1919. ..A-O }104 108
t
Amer Steel Foundries
Seneca Mining
Preferred
100
b6
92
87
Tbjxd Avenue See Stock Exch list
6s 1935
« 90
Singer MIk Co
loo 520 J4J
86^4 87
48 1951
J-D
P <fe 6s 1928 J102 106
-American Surety
Tarry
Southern Steel
50 190 200
4'-.
25
YkersStKK 5s 1946A-0 ilOl 107
1] West Chicago St .... 100
94
30
American Tliread prel..5 t 334
Istsf g5s 1930 opt M-N i 92
40
HCong 58 1936. ...M-N
350 376
28th & 2yth Ste Isl 58 '96 «106'i 109 hi
45
70
Tobacco (new) com.
Standard Coupler comlOO
390
410
St
stk
100
list
Exch
IU'weniy-Th'd
Prefd
Preferred
6'ee Stock
100 120 130
Uas
Securities
list
8
10
Union By 1st 58 1942 F-A 4106 UO
Standard Milling Co. 100
4s and 68
i'ee Stk Exch
NEW IfOKK
10
112
26
Westchest l8l 58 '43 J J
31
Preferred
Am Typefo'rs com.. .100 33 37
1 00
79
Cent Un Gas 5s g'27.J&J noi 103
too
95
81
Preferred
loo
1st 5s' 1930
BROOILLTN
Con Gas (N Y)81k. 6'ee St k Exc h list ABier Writing Paper. 100
4
Standard Oil of N J.. 100 595 600
Conv deb 6s ctfs AeeStk Exch list
25
26
Preieri-e<l
Swift <fc Co See Boston St Ic Exc h'g*
100
ilOl
87it
02
Ave
58
1909.
"JMntual
.A-O
Gas
Allan
100 225
87
106
58 1919
TJ
1st 5s 1910-1914. ...J-J
J50
A-O no6 111
41
New Amsterdam Gas
Con 5s g 1931
65
43
UBaruey <fc Sm Car ...loo
Tennessee Copper
25
100
75
102
cousol
K
5s
1933.
.A-O
1st
6s
140
145
1948.. J-J no2
BB&
llTexas<fc Pacitic Coal 100
loo
103
1j Preferred
05
Brooklyn City slock. ..10 228 233
X Y^ & East liiver Gas
25 •»4 271-.,
no
TIBetlil'm Sieel Corp .100
1st 6s 1908
A-O
1st 5s 1944
Con 5s See Stock Excli lisl
J-O no7
89
190
100
Title Ins Co ot N Y..100 180
110
H Preferred
Consol 5s 1945
Bkin Crosstu 5s 1908. J-J 100 103
J-J 'a 06
103
1IColl.tr.g.s.f.6s 1914.J-J
Tonapah Min (Nevada). t 18->4 19>«
109
16
Bkn Hgts 1st OS 1941 A-O 105 108 N Y<fc Richmond Gaa.lOO 38
20
Bliss Conii>any com
Trenton Potteries com 100
50 140
95 loo
Bkin Q Co & Sub seeHli. Exch list
Nor Un 1st os 1927. M-N aoiSi 103"^
.34
Preferred
Preferred new
100
50 130
Bklyn Kap Trail See Stk Exch hst
415
IJStaudard Gas com ..loo 100
55
Bonddfc Jttg Guar
Trow Directory new. .100 45
120
100 400
ioi)
llPreferred
ISO
100 150 170
Ih
IJConeyls. <i; Bklyn ..100 200
Borden's Coud Milk.. 100 170
Union Copper
10 t
93
93
Isl cons ? 4s 1948. .J-J
96
M-N 105 109
116
1st 58 1930
96
Preferred
Union Typewr com.. 100
100 113
BrkCdt N 6s 1939. J -J 111 113
7
125
British 'Jol Copper
ti'b
100 122
1st preferred
5 t
OTHKR
CITIES
'06
100
-New
123
1st
5s
F-A
30
Stsfe
Gr
28
125
2d preferred
100
Butte Coalition Min..l5
Or'pt AiLoruner St Isl 6b 103
43
Amer Light <fc Tract.lOO 116 118
3
6
Casein Co of
com.. 100
United Bk Note Corp. .50 t 40
Kings Co. Elevated
85
Preferred
63
100 IOOI4 101
75
50 t 50
Preferred
Preferred
lOU
9713 981a
Ist 48 1949 See Stock Exch List
130
Bay State Gas
120
60
Casualty Co of Aiuenca
United v.,igaiMfg., pt 100
65
61
Nassau Elec pre!
100
75
144
Binghamton Gas 6s 1938
140
61*8
Celluloid Co
100
United Copper
100
100
05 1944
A-O 106 110
90
Brooklyn Union Gas deb
12
17
96
PreltJired
100
Cent Fireworks com. 100
Ist 4s 1951
See St ic Exc h list
70
200
65
6s 1909 conv '07. ..M-S 125
Preferred
lOo
loo
U S. Casualty
135
N Wb'g<fcFlatlstex4>2s 101 104 Buffalo City Gas stocklOO
23
4 Si
30
5H U S Envelope com... 100
5
100
7'i Central Foundry
21ii
Bteiuway 1st 6s 1922.J-J ai4 U7'a
88
1st 53 1947 See Stock Exch list
100
91
Preferre<t
18
Preferred
100
Vi
Consol Gas of
80
J
79
Deb 6» 1919 op 'OlM-N
Rub 2d pf <S'ee Stock Exch liiit
US
OTHER CITIES
1st 6s 1936
J-J i 92
Central Leather
Sec Stk E ;c list U S Steel Corporation95
Consumers' L
& Pow—
Century Realty
ni3 114
100 190 -'00
Col tr 8 f 5s '51 opt '11
Buffalo Street Ry—
58 1938
J-D no5
Chesebrough Mfg Co 100 440 480
ai2 114
Col tr s f 5s '5 1 not opt
Ist cousol 5s 1931. .F-A ail
U2 Elizabeth Gas Lt Co.. 100 275
Chic Pneum Tool. See Ch icago list
U STit Gu& Indem.lOO 125 130
Deb 68 1917
A.O no5
Kssex & Hudson Ga.slOO 125 128
118
City Investin.g Co..
112
Westchester & Bronx
Chica.ffo City By
See C liicago list
Fori Wayne 68 1925. . J -.1
1|Clallin(H B)coin
100 108 US
Title <fc Mort Guar Co. 175
180
38
41
Columbus (O) StEy..lO(J 101 102
GasiVs Kl Bergen Co.. loo
100
96
Westingh Air Brake.. 50 t
145
lllst preleried
67
60
Preferred
100 110 Hi Uiv liraud Rapids Gas
1l2d preferred
100
96
West Elec & Mfg—
Colum By con 68 See Pli <la list
Ijlst 5s 1915
F-A aoi 103
Colo Industrial. See Stoc It Kx List
Con sf 5s '31 Op '12 J J { 97it 9715
Crossl'wn l8t58'33.J-D ao5
108W Hudson Co Gas
100 108
Col <fe Hock Coaltfc 1 pt lou
"16
65
109
While Knob Min
80
9l»
Grand BapidB ^y
73
lOO
74
IniUana Nat & 111 Gas—
Ist g 6s 1917
J-J i 831,
Preferred
1^
Preferred
85
100
90
l8l 6s 1908
M-N
Col tr 6s Oct 1956. .J-J
25
120
lOlia Worllung Pump pref. 100 115
30
Outside Securities
M
NH
N
I
N
M&N
'W
N
N
mo
M
t
Am
H
W
Am
Am
Am
m
M
M
A&O
Am
a
MN
a
W
I
a
Am
N —
H
.
«
Buyer pays acor'd int. fPricepersh. tsale
price.
aEx-n-hts. lEx-dlv.
tNew
stock. IJSells
on Si'k Exch., but not a very active security.
June
THE CHRONICLE.
jO 1906.1
1491
luuestmcixt and S^ailroad intelligence.
RAILROAD GROSS EARNINGS.
The following table shows the ^ross earninss of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of tiQ;ures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railv:ai/s are hrouqht together Kpparateli/ on a sultsc-'iuen! page.
period.
Latest
Week
Roads.
Gros.'s
Monlh.
July 1
Earnings
Cvrrcnt
Year.
or
Previous
Year.
to Late.it
Current
Year.
Latest Gross Earnings.
Date.
Week
Roads.
Previous
Year.
Current
Year.
or
Month.
July 1 to Latest Date.
Current
Year.
Previous
Year.
Previous
Year.
S
Texas Pacitic.
N O
N O & N East. May
Ala & Vicksb's May
Ala
N Y C & Hud Riv May
Mav
LS & M S
Lake E & West Mav
<fe
262 768
121,695
121,293
Vicksb Sh A- P. May
Atch Top & S Fe. May
& Char.. April
Atlantic & Birm. April
Atl Coast Line.. April
May
Bait & Ohio
Bangor <fc Aroost April
Bellefonte Central May
Bridgt & Saco R. April
236 ,188
105 ,865
2,737,476
1,271,692
1,188.976
111 ,528
1,782,264 5,845 ,280 71. .596.869
293 ,680 3,417.933
306,543
915 009
80 ,292
101,934
:, 159, 462 1,997 ,905 20.464,632
,817,033 5,840 ,176 70.819.242
Atlanta
242.225
189 ,021
2,066.981
4 ,245
.53.721
4, .395
2 ,933
38.997
3,271
171 ,741 7,641,574
116,249
94 133 1,208.325
151,209
130 271 1,472,413
115,200
89 ,900 5,368,900
144,700
June
June ,288,000 1,022 ,000 .59,916 -107
174 ,250 U. 134,960
196,700
June
,736,264 2,113 ,292 21,883,888
134,051
2 ,426
2,555
June
[,005,871 1,673 ,776 20,210,089
35.6;:>7
2 ,670
2,872
852 ,282 10,674,535
822,121
146 ,825 8.575.327
163,602
June
112 ,953 5,7.52,417
June 116,798
,343,801 3,862 ,358 46,309.077
,098,480 4,603 ,857 57.684,352
888, ,973 11,8.59,576
954,687
33 ,732 1,664,009
32,846
June
144 ,907 ] .777,578
154,961
236
,348 11,616,362
261,072
June
20 ,585
246,351
21 ,989
560,914
50 ,572
55,543
21 ,683
187,644
17,470
373,031
26,980
30 ,088
June 419,100 359 ,000 19,102,780
18 ,153 1,191,705
23,344
June
63 ,357 3,969,378
71,470
June
Buff Roch & Pitts .3(1 wk June
Buffalo & Susq-. March
May
Canadian North. 3d wk
Cal Northwestern
Canadian Pacific. 3d wk
Cent'l of Georgia- 3d wk
Cent '1 of N Jersey May
Chattan Southern 3d wk
Chesap & Ohio.. April
& Lane May
Chic & Alton Ry. May
Chic Gt Western. 3d wk
Cliic Ind & Louisv 3d wk
Chic Milw & St P. April
Chic & North W. May
Chic St PM & O. May
Chic Term Tr RR 3d wk
Chesterf'd
Colorado Midland April
h Col & South Svs 3a wk
Col Newb & Lau. April
Copper Range
.\pril
Cornwall
Cornwall
April
May
& Leb..
Denver & Rio Gr.
Det & Mackinac.
Det Tol & Ir Sys.
Dul RL & Winnip
Dul So Sh & Atl.
Erie
Fairchild &
Fon Johnst
Georgia
3d
3d
3d
wk
wk
wk
wk
.
Island
Louisiana <fe Ark.
Louisv & NashV.
Macon & Birm
Manis
& No
June
April
N E. May
& Gl. May
May
RR
Gr Trunk System 3d wk
Gr Trunk West 2d wk
Det Gr H k M. 2d w k
Canada Atlan. 2d wk
Great Northern.. May
Montana Cent'l May
Total system. May
Gulf & ShipLsland 3d wk
Hocking Valley.. May
May
Illinois Cent ratIllinois Southern. May
3d
wk
Int & Gt North 'n
3d wk
a Interoc (Mex)
3d wk
Iowa Central
Kanawha & Mich Ajml
Kan City South 'n April
May
Lehigh Valley
Lexing & East'n. April
Long
31 ,956
Anril
3d
June
June
June
June
June
June
June
June
April
April
wk June
May
3a
East. March
May
Manistique
Maryland & Penn April
a Mexican Cent'l. April
a Mexican Intern 3d wk June
a Mexican Ry
a Mexican South.
1st
tst
wkJune
wkJuno
& Southw. February
3d wk June
Mineral Range
Minneap k St L.. 3d wk June
M St P & S St M 3d wk June
Mo Kan <t Texas 3d wk June
Mo Pac Iron Mt 3d wk June
Central Branch 3(1 wk June
3d wk June
Total
h Mob Jack Ar K C March
Nash Ch & St L. April
Nat RRof Mex.. 3(1 wk June
Millen
_
_
<fc
Nevada
Central
.
/nc.52, 257
96 416
71 ,640
826,175
715 ,030
1 1 ,796
9 ,603
42 ,778
44,060
13,720
8 ,550
31,765
30 ,174
,500,372 2,270 ,240
150,178
123 ,140
122.700
HI .400
21 ,707
24,137
6 ,015
8,133
13 ,801
12,888
72 ,473
74,376
182 ,325
223,516
340 ,614
373,251
730 ,000
787,000
33 ,000
29 000
763 .000
816,000
66 .458
100,676
323,3.56
9.664
20.520
Anril
Nev-Cal-Orecon Mav
Ont k West. May
Susq A- West Ai)ril
N Y
NY
Norfolk <t W.xt'ri
Northern ('enlral
.\l)ril
Nortliern Pacific.
May
5,54,410
185,500
:,408,442
722.602
.April
i.
343, 324
1
ChicInd&Sou/.
Mich Central.
C C C & St L . _
Peo & Eastern _
Cin Northern __
829 059
230 .157
3 ,311
20 ,.306
669 ,634
246 ,652
2 098 .520
858 ,702
4,427 ,180
;ric.623.
.Mav
7,250.241 7.137, 502 82,1.35,615 74,236,106
3,652,111 3,135, 773 37.483.664 33.038,902
400,445
386, 058 4,870,841 4,563,791
168,549
171, 173
2,099,086 1,869, 850
Mav
1
MaV
May
& Lake E Mav
May
N Y Cliic&St L May
Ohio Riv & West February
Rutland
Co.
Pacific Coast
dPenn-Ka.stP&E
E._
rfWest P
,391 ,683
(fe
.April
Phila
Pittsb
&
Erie
.April
Mav
Mav
Reading Railway Mav
Iron Co Mav
Coal
St L
Raleigh (feS'port.
17,075,3.33
C C
(fe
(fe
Total both cos.
Rich Fr'ksb & P.
Rio Grande Jet..
Rio Grande So
Rock Island Sys.
St Jos & Grlsl...
e St L & San Fran
St L Southwest..
Seaboard Air Line
.Sierra Railway _
Southern Indiana
c So Pacific Co
Southern Ry A:
Mobile (fe Ohio.
Cin NO (fe TexP
Ala Great Sou.
Ga South (fe Fla
Texas Central
30,726
10,880,982
7.400.945
5,442,389
41,742.934
50,700,457
10,936,0.50
1,498,312
1 637,118
9,429,888
198,407
504,649
89,802
222.740
16,495,773
957,977
3,307,280
& Pacific .
TexS V & N W..
Texas
2,6'2V,698
37 261 755
34,346
647,852
2.289,524
35,241.447
4,852,783
1,354,454
Ma.v
April
April
wk
May
3d
April
May
wk
3d
April
Mav
May
3rd W'cek Apr
4th week .Xpr
Mav
May
May
May
week
2nd week
."ird week
4tii week
1st week
2n(l week
3rd week
C42 roads).
8,973,706
7.974.186
roads).
11 ,547,(i33
10.295.7-1.5
8,457,494
8,994,872
8,320.006
13,682.041
8,709.R04
8.929.516
7.329.0(K)
(41
Virginia (feSo
Wabash
May
3d wk June
3d wk June
February .
W'n May
3d wk
WesternMaryland
West Jersey &. S'e
Wheeling (fe L E.
W'm.sport (fe N Br
3d
(39 roads')
(42 roads).
(.39 roads).
(39 roads)
June (40 roads) ^
June (41 roads).
June (42 roads).
1st
+
+
Wrights
Tenn. April
(fe
Yazoo & Miss Val Mav
141 ,861
138
63
137
15
179
9.116.353
7,990,893
,289 8.196,310 7,149.649
,842 3,597,916 3.159.550
,476 1,778,777 1.570.190
924,664
808 .,501
,005
,713 12,682,642 12,367,407
8, 700
8, ,198
238 ,845
26, ,377
70 ,962
3 ,797
56 ,197
73,124
3.494,073
1,258.040
4.014.322
73,051
3,180.127
1.243.277
3,633,620
605.977
683, 006
5 ,.3.39 ,805 4.781 ,682 .56.107 329 49 .,388.318
65, ,829
610,033
95,316
920, 775
.083,186
June 558,370 451 ,814 24.292. 272
102,418
81 ,168 4,661 843
,794,986
June
.595,984
.398.114
363 ,614 4,111 584
96 ,327 5,185 028
,436,991
June
93.355
14S 321
1.39 899
14 ,140
13.876
549 ,.381 5,904 295
.490.220
584.637
179 195
165,953
15 ,090
599 ,460 7,955 .083
,105,898
Various Fiscal Years.
& Charl Air Line
Bellefonte Central
a Interoceanic of Mexico
Manistee &. North Eastern
Manistique
a Mexican International
a Mexican Railway
JMch
Jan
Jan
Jan
Jan
Atlanta
'Jan
Jan
Jan
Jan
Jan
Jan
a Mexican Southern
National RR of Mexico
New York
Central
;
Lake Shore k Mich South.
Lake Erie k Western
I Chicago Ind & Southern.
Michigan Central
Clev Cin Chic k St Louis.
Peoria k Eastern..
Cincinnati Northern
Pittsburgh k Lake Erie.
Rutland
N Y Chicago k St Louis.
Northern Central
rf Penn— East of Pitts k E.
d West of Pitts (fe E
Phila Baltimore <fe Wash
.
i.Tan
Texas
k
.
.
1
Dec
Jan
Jan
Pacific
and Monthly.
Monthly Summaries.
12.54
12.16
1.128.49-1 15.40
1.1 86. 347 15 10
1.010..367 13,82
1.681,608 14.01
Month
Month
Month
Month
Month
Month
Month
Month
Month
Sept
Oct
Nov
Dec
Jiin
Feb
Mrh
1905
1905
1905
1905
1906
Jan
.Jan
West Jersey k Seashore..
%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
.
Philadelphia it Erie
Pitts Cin Chic & St Louis.
Rio Grande Jet
+ 1.057.424 13.82
7.6.52,380
wk
.488 ,474
1,456,7.58
+ 999.520
+ 1,251 ,8SS
7.808,525
7.309.639
12.000.433
wk
April
3d
April
Wiscjonsin Central April
5,884,099
28,288,373
377,838
667
681.431
37.971.041
1 24 ,260
317.805
74.932
Inc. or Dec.
+
+
154,400
161,985
72,464
164,967
15,498
210,246
13.000
6 807
205,041
23.595
67,750
5,560
61,122
'
38 .047", 48,5
2.194,381
40,241,866
1.832.827
5,485,541
45,397,956
252,497
6,161,071
5,945,847
2,519,869
1 1
6.368.136
22,788,028
45,263
34,004,155
33,363,716
67,367,871
1,225,709
469,296
460,013
40,289,095
1,056,207
35,319,478
8,663.495
11,217.813
31, ,517
1,5.290
100, 992 1,297.318 1,270,887
6,581
,998 69,786,157 63,240,992
8,001 ,844
878, 431 52.28 5931146,927,159
974,662
February .
3d wk June
3d wk June
3d wk June
2d wk June
Tombigbee Valley May
Tor Ham(feBufT.. May
Un Pacific System April
100594147
4.600
^,221
Tidewater (fewest. April .
Tol (fe Ohio Cent. April .
3a wk June
TolP (fewest
3d wk June
Tol St L (few
851.153
41,675,554
136,100
311,116
87,777
267,4,39
301,775
23,315,446 21.418.2.38
7,106,0101 6.395,067
6,182,8001 5.689.240
1,1 32,-8081 1,101.057
52.521
59.379,
665,378
718,384,
3,616,537 2,977,600
11,150,748 8,390.992
20,602,644 19.614.148
41,465,125 40.441,080
1,851.726 1 ,570,862
43,316.851 42,011,942
502,271
773,105
8,997.262 8,427,016
13,4.55,947 11,470,778
28.828
46, .582
199,678
209.167
6,562„584 6,416,725
2.301 886 2,240,042
23,452,513 19,697,412
9.1 23 ,.381 8.515,681
56.696.102 47,252,973
^ur'nl Year Prcv's Year
10249 188 10789 288 118097 647
/?ir.7,85
/nf.50 8,300
1 235,473 1 208 673| 12,468,474
502,562
632. ,5661 6,877,716
2,408,189 2.117, 589' 25,918,922
,58, .587
6.082
4, 190
3.289,052 3.550 ,477 36,959,117
2,773.783 3,642 ,048 30,769,300
6,062,835 7,192 ,525 67,728,417
166,038
158, 337 1,377.229
554,563
49,393
47, ,798
7, 339
5.50,843
12.562
June
3,926.801 3,498 ,374 47.062.537
123.441
108, 212 1.283.401
3,181,663 3,022 ,486 38.626,399
179,797
175, 915 8,769,900
June
1,278,268 1.189, ,044 12,601,400
1
.April
PhilaBalt (feW'sh April
3,740,000
49,037.854
9,897,545
20.673.526
117.640
.
_ .
April
AGGREGATES OF GROSS EARNINGS—Weekly
Monffily Summaries.
,989 .663 1.758, 775 21,609,504 20.443,734
237,574
202, 804 2,857,768 2,617,620
86,303
66, 520
1,314,532 1 1.53, 981
227.120
222, 729 2,429,863 2,267,347
844,236
688, ,547 8,860,187 7,939,350
16,231
12, 3421
155,824
135,159
479,460 479, ,504! 5,362,217 5,056,603
.Mav
Pitts
13 ,129
59 ,212 2,967".631
,517 262 3.816 ,589 41,398.166
20.621
2 ,344
1,343
692.173
197'
322 2,643.353
2234'4f
818,126
730, 417 37,942.979
68 ,418 5,123.642
99,593
17 ,597 1,498,190
30,415
48, ,066
57,974
,158,354 3,460 ,373 45,082,093
207 ,220 2.503,762
222,669
,381 ,023 3,667 ,593 47.585,8.55
40 ,934 2.084.596
44,875
526 ,486 5.907,920
468,455
,258,971 3,821 ,078 47. .336. 01
22 ,858
312,101
17,929
112 ,600 6,560,820
113,500
139 ,137 6,197,897
1.50,006
54 ,020 2,885,465
57,812
137 ,435 1 783,237
153,001
590 ,285 6.325.257
678.737
,418,335 2,781 ,731 29,616.993
430,477
40 ,603
43.694
63,917
964,619
2,326,108
1,258,410
1,321,743
62,495,232
3,098,189
837 ,835
18,168,081
61 ,921,895
1,777,679
51,667
37.958
7.940.265
823.955
(115
(11.)
(115
(113
(117
1(106 (IIS
1«0() (110
'ur'nt
Year
'rev's
Year
Inc. or Dec.
S
0.28
rds) 161.431.629 147,700.816 f 13.721.Sl.-<
S 54
V 13,414.321
1.57,100,827
rds) 170.515.148
rds) 165.977.137 150,405,69.^ ^ 15,571 .44-; 10.35
ids') 1.59.312.944 142,053.42:^ + 17, 259, ,521 12.15
rds) 152,980,48.5 I26,.555,.S52 + 26,424,633: -'0..SS
nls'i 1 12.656,542 n2,.S95,257
29 ,7 6 1,285 [-'6 .36
rils'i 1.59 .2.5S. 890 143,978,440 + 15.280. 450| 10.61
+ 8.679.762 6.78
rdst 136. 685. .537 128,005,775
-r 9 3 23,116 '.3.37
rds) 79.065.712 60. 742, .596
f
.60
Apr 1906 (111
+ 92.S.203
May 1906 (71
+ 1.168..334 14.13
c Includes the Houston & Texas Central and its subsidiary lines in botd
a Mexican currency, b Includes earnings of Gulf & Chicago Division
Includes earnings of Col. A South., Ft.
Covers lines directly operated, c Includes the Cliicaeo k E;is tern Illinois in both vcars.
years.
Worth k Denver City and nil olliliated lines, k Al anta Knoxville k N orthern included in i)otl) vears .since April 1: it h.id previously been
9.4.39.080
8.001.313
8.270.746
1
1
/i
(/
included
in
1
1905 since Jan. r earnini-'s of Transylvai
I Figures prior to .April 10 1906 are t
in 1905 only.
ia
Railroad included from Jan, 1 1906 and of East Division of Tennessee Central Iroui
of the Indiana, Illinois (fe Iowa and Ind. Hari>. of Indiana.
io.se
Dec
I
THE CHRONICLE.
149:2
Vol. Lxxxii.
—
Latest Gross Eaxnings by Weeks. In the table which
follow.s Ave sum up separately' the earnings for the third
week of June. The table covers 42 roads and shows 14.13%
increase in the aggregate over the same week last year.
Third week of June.
1906.
1905.
Increase.
Decrease.
Gross Earn gs
Current
Previous
Year.
Year.
Roads.
S
Net Earnings
Current
Year.
$
Previous
Year.
%
%
Reading Company
Phila & Read -b... May 3,289,0.52 3,550,477
1 ,036,820
July 1 to May 31
36,959,117 34,004,1.55 14,020,798
Coal & Iron Co. b.. May 2,773,783 3,642,048
def3,024
July 1 to May 31
30,769,300 33,363,716 1,549.553
Total both cos . b .. . May 6 ,062 ,835 7 1 92 ,526 1 ,083 ,802
July 1 to May 31
67.728,417 67.367,871 15,570,351
Reading Co . b
May
140.309
July 1 to May 31
1,411,695
Totalallcos.b
May
1,224.111
July 1 to May 31
16.982,047
Rock Isld syst.a
878,106
May 3,926,801 3,498,374
July 1 to May 31
47,062,537 40,289,095 13.398.496
St Louis & San Fran.aMay 3,181,663
3.022,486
844,234
July 1 to May 31
38,626,399 35,319,478 12, .536, 711
Seaboard Air Line. a.. Apr 1,278,268 1.189.044
221 ,866
July 1 to Apr 30
12.601,400 11,217.813 3,492.518
,
Buffalo Rochester & Pitts
Canadian Nortliern
Canadian Pacific
Central of Georgia
Chattanooga Southern
Cliicago C;reat Western
Chicago Indianap <fc Louisv..
Chicago Terminal Transfer
Cin. N. O. & Texas Pacific...
Colorado & Southern (incl Ft
Worth & Denver City)
Denver & Rio Grande
Detroit & Mackinac
Detroit Toledo & Iront'n (Ann
Arbor svstem)
Duluth South Shore & Atl...
Grand Trunk of Canada ..
Gran<l Trunk Western
Detroit Or Haven & Mihv
Canada Atlantic
89,900
1,022,000
174,250
2,426
146,825
112,953
33,732
138,289
54,800
266,000
22,450
129
16,777
3,845
261,072
419,100
23,344
23 6,.348
359,000
18,153
24 724
60,100
71,470
63,917
63,357
59,212
8,113
4,705
818,126
730,417
87,709
Gulf & Ship Island
1
International & Gt Northern.
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
,
Mexican International
Mineral Range
Minneapolis & St Louis
Minn St Paul ei- S S
Missouri Kansas & Texas
Missouri Pacific & Iron Mtn..
Central Branch
171,741
40.934
112,600
139,137
.54,020
715,030
123,140
886
23 ,696
5,191
3,941
900
913
13,801
Mobile & Ohio
National RIl. of Mexico
Rio Grande Southern
St Louis Southwestern
Southern Railway
1,903
41,221
32,637
57,000
4,000
12,539
93,199
5,223
3,882
96,231
493
30,533
7, .339
175,915
878,431
15,005
179,713
26,377
70,962
451,814
81,168
96,327
Texas Central
_
Texas Pacific
Toledo Peoria & Western
Toledo St Louis & Western ..
Wabash
Western Maryland
Wheeling & Lake Erie
9,439,080
Southern Ry System
Southern Rv.b
10,869
3,792
111,145
27,038
72,473
182,325
340,614
730,000
33 ,000
141,861
230,157
M
Total (42 roads)
Net increase (14.13%).
$
55,492
$
9
116,249
144,700
1,288,000
196,700
2,555
163,602
116,798
32,846
161,985
2,782
3,212
106,556
21,250
2,972
8,270,746 1,238,591
1,168,334
70,257
—
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of June 23 1906.
The
next will appear in the issue of July 21 1906.
Gross Earn' gs
Net Earnings
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
Roads.
$
$
$
$
AtchTop &SFe-b.-_May 6,782,264 5,845,280 d2, 440,927 dl,774,913
Julyl to May 31
71,596,869 62, 495,232d26,942,243d21 ,165,643
Atl & Char Air L. a... Apr
306,543
293,680
25,972
42,783
Mch 1 to Apr 30
686,464
653,930
142,267
173,263
Buff Roch & Pitts. b- -May
387,663
769,447
42,606
269,241
Julyl to May 31
7,338,259 7,425,042 3,072,010 2,803,940
California Northw.a-.Apr
91,744
109,923
13,624
24,696
Julyl to Apr 30
1,357,213
1,261,412
491 ,952
317,508
Canadian Northern
May 610,100
349,400
212,500
100,600
Julyl to May 31.
4,951,000 3,482,900 1,698,300 1,126,200
Canadian Pacific. a __. May 5,679,003 4,229,131 2,187,663 1,387,935
July 1 to May 31
66,192,407 46,051,854 21,035,263 13,972,168
Central of Georgia.a.-Maj'
875,087
763,652
208,295
152,701
Julyl to May 31
10,646,860 9,384,096 2,959,374 2,493,083
Chattanooga South_a_ May
12,727
9,938
505
def 619
Julyl to May 31
125,678
110,686
9,031
7,050
Chicago & Alton . a . . . May
822 ,121
852,282
135, .309
233,142
July 1 to May 31
10,674,535 10,880,982 3,112,176 3,574,610
Copper Range. a
Apr
55,543
50,672
17,073
22,114
'
July 1 to Apr 30
560,914
504,649
225.433
200,932
CornwalLa
May
17,470
21,683
8,448
10,759
July 1 to May 31
187,644
89,802
95,782
35,398
Detroit & Mack .a
May
1 04 ,727
83,536 mdef 3,064
n?9,278
Julyl to May 31
1,049,695
904,188 7nl41,613 m264,270
Fairchild ANorthe.b.May
def 223
1,343
2,344
545
Julyl to May 31
20,621
34,346
5,039
10,859
.lohns & Glov.a
July 1 to May 31
1.522,398
15,461,892
325.463
2.379,111
1.847,861
17,841.003
107.574
1,276,301
1 ,955,435
19,117,305
766,492
10,526.920
762,846
11,291,634
347,708
3,321.782
Fonda
692,173
647,852
322,606
.303,621
Georgia RR_ a
May
223,141
197,322
42,771
50,711
Julyl to May 31
2,643,353 2,289,524
754,599
679,006
Hocking Valley -a
May 468,455
526,486
131,326
162,156
Julyl to May 31
5,907,920 5,485,541
2,074,745 1,767,199
Hud RivElecPowCo-May
66,407
51,764
24,075
21,396
Illinois Central. a
May 4,258,971 3,821,078
999,069
657,174
July 1 to May 31
47,336,017 45,397,956 14,154,748 13,264,669
Iowa Central. a
May 229,462
207,375
ft47,091
;(39,827
Julyl to May 31
2,716,622 2,361,370
ft696,704
7(399,009
Lehigh Valley. b
May 2,418,335 2,781,731
0846,639 01,079,687
Julyl to May 31
29,616,993 28,288, 373oll ,013, 687oll ,159,482
Minneap & St Louis. a. May
304,661
263,521
fc82,.587
t76,500
Julyl to May 31
A-996,035
3,399,992 2,765,610 fcl, 279,029
N Y Ont & West- a. .May 564,410
669,634
160,865
224,116
Julyl to May 31
6,562,584 6,416,725 1,755,916 1,813,200
Pacific Coast Co
Apr
479,460
479,504
87,201
113,199
July 1 to Apr 30
5,362,217 5,056,603
1,174,210 1,009,230
Raleigh &.So'port-a- -May
6,082
4,190
259
3,029
Julyl to May 31
58,687
45,263
24.404
13,889
May 4,531,675 3,8.50,972
679,649
807,516
July 1 to May 31
49,347,866 44,316,033 12,800,426 12.172,301
Mobile & Oliio. a... May
873,272
715,975
2.30, .506
192,538
July 1 to May 31
8.635,634 7,568,339 2.788,272 2,421,367
Cin N O & T Pac.a.May
758,023
643,351
197,667
155.101
July 1 to May 31
7.703,219 6,736,913
1,580,674
1.860.143
Ala Gt South. a
May 315,943
43,287
277,976
50.589
July 1 to May 31
3,457,537 3,036,362
660.660
557.923
Ga South & Fla.a-.May 164,967
137,476
15.891
26.372
July 1 to May 31
1,778,777 1,570,190
396,683
362,393
Wilkes-B Gas & El Co. May
21,625
17,872
7,623
7,712
Jan 1 to May 31
134,645
109,570
50,783
52,807
Yazoo & Miss Val.a-.May
728,959
.599,460
186,256 def49,409
July 1 to May 31
7.955.083 8,105,898 1,216,218 1.891.4^1
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
d For May 1906 taxes and rentals amounted to S187,372 against
$191,303 in 1905, after deducting which net for May 1906 was S2,253,555
against 11,583,610.
From July 1 to Mav 31, net after deducting taxes
and rentals, is !?24,797,872 against ?19,134,770 last year.
/i For May additional income is 82,136 this year against S5,838 last
year and from July 1 to May 31 additional income is $51,943 this year
against S52,003 last year.
/: For May additional income is SI 6,047 this year against $9,245 last
j^ear, and from July 1 to May 31 additional income is S171,398 this yeai
against $116,566 last year.
Expenses include $27,600 for new equipment.
o Including other income, total income (exclusive of results of coal
companies) for May is $862,988 in 1906, against $1,138,158 in 1905,
and for period from July 1 to May 31, is $11,433,551 in 1905, against
Deductions from total income for additions and
$11,696,426 in 1906.
improvements were $82,180 in Mav 1906, again.<;t 8115,917 in 1905,
and from July 1 to May 31 were $1,181,854 in 1906. against $1,190,216
in 1905
w
Interest Charges and Surplus.
-Int., Rentals, &c.
—Bal.
—
Roads.
CaUfornia Northwest.. Apr
Julyl to Apr 30
-
Net E'ngs.
of
Current
Year.
Previous
Year.
Current
Year.
$
$
%
—
Previous
Year.
$
def 2,338
46.945
13.677
116,558
26,933 def 14,366
270.563
211,486
Copper Range
Apr
8,437
8,636
July 1 to Apr 30
84.374
141,058
Georgia RR
May
a-845
051,093 ardef 6,194
Julyl to May 31
a:203,463
a;124,854
0569.379
Hocking Valley
May
a:109,143
xll2,649
66.264
Julyl to May 31
821,688 arl ,605,151 11,316,534
N Y Ont & Western _ .May
71,111
69,378
89,754
154,738
Julyl to May 31
777,006
694,814
978,910 1,118,386
Reading, all cos
May 868,500
884,016
366,611
1.071,419
July 1 to May 31
9.724,174 7.428,547 7,428,547 9,393,181
263,728idef41.825
x94,206
Seaboard Air Line
Apr
263,908
x837,802
July 1 to Apr 30... .2,600,767 2,509.636 a-908,745
27,989
280,466
8,437
84,375
050,787
0567,934
30,949
687,087
a Charges here include road rental (paid by lessee) and other deduction
.
X After allowing for other income received.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Name
Week or
Month
Road.
May
May
May
May
May
Burlingt'n (Vt) Tr.
May
21,305
225.648
102,533
24,741
April
1.53,857
March
Cape Breton El Co. March
Cent Penn Trac... May
Charleston Cons Ry
May
Gas & Elect
ChattanoogaRysCo May
Chi
&
Mil Elec
& Oak
Park.
Clev Painsv & E_.
Tr Co.
Clev & S
W
May
May
Mav
Mav
Columbus RRCo.. March
Dallas Elec Corp'n. March
Detroit Mon &Tol_ 2d wk June
Detroit United Ry. 2d wk June
Duluth Street Ry. 3d wk June
EastStL &Sub.-- Mav
El Paso Electric- -- April
Ft
Current
Year.
S
Albany & Hudson.
oAmerican Rys Co.
cAur Elgin&Chi Ry
Binghamton Ry
Birm Rv Lt & Pow
Boston & Worcest'r
Brockt'n&PlyStRy
d Chi
Jan.
1
to
latest
date.
of
Wayne & Wab
Valley Traction April
Galveston Elect Co April
Georgia Ry & Elec April
41,495
5,825
7,998
17,222
57,357
52,879
41,887
69,813
71,520
23,190
54,219
14,248
80,384
6,413
116,924
15,401
162,740
31,449
Previous
Year.
$
21.122
211,209
91,730
23,276
129,789
40,149
5.893
7.068
8,781
50,636
50,016
38,656
44,212
69,226
20,681
47,028
12,302
65,834
107,821
13.150
144,135
22,726
Current
Year.
S
85.207
1.002.610
Previous
Year.
S
81,157
899.387
108,154
97.277
164,974
144,804
254,748
2'l
259,181
181,784
247,318
354,351
86,630
230,219
234,154
153,583
158.755
339.952
75,474
188.817
688,410
2,435,292
335,6.34
0,806
2,141,179
287.778
619,211
116,973
561^79
266.595
73,722
752,339
53.801
91 .226
•-J
»
Hart&SpringSt Ry May
Havana* Elec Ry.. Wk June 24
Honolulu Rapid Tr
ifelLand Co
May
79,543
22,618
235,372
13,416
21 .005
202,331
10,545
311,631
79,576
912,169
60,726
2/28,600
2/39,959
2/858,515
2/870.768
29,452
28,502
140,690
132,273
68,608
•
June
THE CHRONICLE.
30 1906.
Latest Gross
Name
Earnings
Jan.
1
Gross Earn'gs
Current
Previous
Year.
Year.
to latest date.
of
Week or
Month.
Road.
Previous
Year.
Current
Year.
Current
Year.
Previous
Year.
Illinois
$
/2,056
40,377
«
Houghton Co St Ry
Houston Elec Co..
April
April
Trac Co
Indianap Col & .So.
Jackson Consol Tr.
Jacksonv Elec Co _
Kan Citv H v tt Lt
Lake Sh Klec Ry .
Lehigh V Transit..
Lorain .Street Ry._
Madison & Int Trac
Manila El Ry & Ltg
Corp Ry Dept.
Lighting Dept..
Met West .Side Elev
Mav
Mav
May
Illinois
17,966
47,173
226,529
19,779
12,170
26,226
460,044
67,793
82,571
12,067
10,604
April
Mav
May
April
Mav
May
—
May
May
May
Mil Elec Rv&Lt Co May
MilLt H &TrCo_. Mav
Montreal Street Rv Wk June
Nashville Ry & Lt. April
Niagara StC& Tor.
Norfolk Rv & Light
Nor Ohio Tr&Lt Co
Northern Tex Tr Co
Northwestern Elev
•Oakland Tr Cons..
23
April
April
May
March
May
FeBruary
Ry
.
April
'Orange Co Traction May
PeekskillLt & RR. April
M'K & Green May
Portland Rys Co__ !May
Pitts
Union.. April
I
Puget S'd Elec Rv.
St Joseph (Mo) Ry
i
March
Lt Ht &PowCo- May
San Fran Oakl'd &
San Jose Ry
February
Savannah Elec Co. April
.
Seattle Electric Co. April
South Side Elev... iMav
i
Svracuse R T Ry_. Mav
Tacoma Ry&P Co. March
61 ,586
Wk June 23
Twin Citv Rap Tr. 2d wk June
United Rys of St L May
Wash Alex & Mt V May
$
%
61,725
173,846
1,107,295
83,794
51,377
98.949
2,114,835
300,208
397,229
11,260
9,824
'4'6',653
30,332
144,705
905,631
72,424
41, .321
104,820
1,839,524
258,057
40,576
218,7,50
194.004
266, .594
47,398
61,204
94,278
25,524
66,591
109,572
32,250
470,901
16,609
58,222
84 ,469
64,737
126,710
118,996
11,369
9,920
11,726
9,905
19,178
144,563
17,310
48,933
14,576
52,342
78,587
53,689
120,688
100,354
10,934
11,445
8,386
10,616
134.610
10,891
35,954
144,750
1,027,680
1,355.919
227,1.50
924,487
1,263,410
201,661
1,442,340
423,504
102,720
2,452,810
51.352
230,389
368,072
1,201,801
627,912
240,618
29,830
35,814
43.898
39,734
73,085
589",692
65,534
'59,826
345,784
74,878
46,874
192,160
340,315
205,027
33,961
39,016
33.994
60,204
68,001
60,037
320,395
277,494
49,083
49,872
231,492
150,596
87,628
97,391
192,011
917,700
718,539
428,124
81,651
171,717
779,312
673,614
373,268
36,937
61,133
167,847
28,152
18,588
57,579
111,377
805,183
23,601
41,170
40,332
203,424
139,455
77.590
47,874
33,716
46,761
154,492
25,575
17,790
55,548
90,931
757,481
23,195
20,425
13.518
.59,510
Tampa Electric Co. April
Terre Hte T & L Co April
Toledo Rvs & Light Mav
Tol Urb & Inter Rv May
Toledo & Western. April
Toronto Railway _.
27,7.54
418,552
.50,099
Oklahoma City Ry March
Olean Street
187,120
16,547
9,935
44,000
28,000
216,439
280,880
NJ&HRRv&FCo. April
NIORv&Lt Co___ May
Pottsville
lV9',597
128"',968
233,817
784,390
132,873
72,000
1,354,949
2,291,770
3,608.865
179,580
732,566
114,701
63,568
1,199,263
1 ,9.59
,974
3,299.986
Whatcom Co Ry &
Light Co
March
a Figures for the month in both years include operations of the Scranton Ry., acquired Jan. 1 1906. b Total is from March 1. c These figures
are for consolidated company
d These are results for main Une. flDecrease in 1905 due to strike and boycott,
y Figures for 1906 are in
American currency; in 1905 tliey are Spanish silver.
—
Street Railway Net Earnings.
In the following we .show
gro.s.s and the net earning.s to Iate.st date,s of all
STREET raihva}^s from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month we bring together all
the roads reporting, as is done to-day.
both the
Gross Earn'gs
Current
Previous
Year.
Year.
Roads.
May 31
Boston & Wor St Ry.May
May
Oct 1 to
31
Brock & Plym St Ry Mch
Cape Breton Elec Co Mch
Cent'lPenna Tract Co. May
Jan 1 to May 31
Charleston Cons RvCo May
Mch 1 to May 31
Chic & Mil Elec Ry
. May
Jan 1 to May 31
Clev Painsv & East.a.Mav
Jan 1 to May 31
Cleveland &Southw..May
Jan 1 to May 31
Columl)us R R Co
Mch
1
to
. .
_ _
. ,
DuluthSt Ry.b
May
Jan 1 to May 31
1
May
31
El Paso Electric Co. a. Apr
Jan 1 to Apr 30
Ft Wayne & Wab Val.Apr
Jan 1 to Apr 30
Galve.ston Elec Co. a. .Apr
Jan 1 to Apr 30
Georgia Ry A.- Elec Co. Apr
Jan
to .\i)r 30
1
HonoIuluRT&LCo^b-Mav
Jan
1
to .May 31
Houghton Co
.".
Ry.a.Apr
Jan 1 to Apr 30
Houston Electric Co. a. Apr
Jan 1 to Apr 30
St
$
21,305
278,946
21,122
249,261
0,104
69,648
102,533
24,741
108,154
261,690
41,495
273,242
91,730
430,376
46,803
12,311
47,150
124,948
20,507
107.213
299
4,738
8,380
18,388
20,230
58,875
43,368
130,780
11,03S
34,774
24,017
88,837
5,008
24,236
188,580
1,8()5,453
c8.50,2.36
54 ,.501
249,285
144,135
561 ,279
22,726
91,226
OS ,,508
206„595
21,005
73,722
30,804
127,029
80,078
301 ,850
5 ,825
1 7 ,222
57,357
254,748
52,879
154,875
69 ,8 1
247,318
23,190
86,630
54,219
230,219
1
4 ,248
DaUas Elec Corp .a. ..Mch
80,384
Detroit United
May 502,953
Jan 1 to May 31
c2, 204,848
EastStL&Sul)
Jan
to May
Net Earn ings
Current
Previous
Year.
Year.
$
Albany & Hudson_a_ -.\pr
July 1 to Apr 30
Aurora Elgin & Chicago
(consol. company). May
Binghamton Ry Co-.-May
Jan 1 to Mav 31
July
1493
63,884
289,238
162,740
619,211
31,449
116.973
79,543
311,631
22,018
79,575
235,372
912,109
29,452
140,690
17,900
61.725
47,173
173.846
23 ,276
97,277
234,906
40,149
235,191
5,893
8,781
50,636
210,806
50,010
142,981
44,212
158,755
20,081
75,474
47,028
l.S8,817
12,302
05,834
1
1
,357
38,410
28,596
116,952
7, .507
202,.33
21,947
122.129
752,339
457,9.53
28, .502
132,273
2,056
30,.332
40,377
144,705
1 1
.807
57.294
6,319
12,305
10,302
54,,584
$
0,771
59,023
41,704
12,382
42,251
110,007
19.431
80,343
862
def3,070
9,781
17,088
20,775
56,251
23,655
77,005
9,218
25,528
20,775
06,854
4,210
20,125
178,459
097.900
25,009
110,196
82,090
308,919
8,878
34,055
Roads.
Tract Co.a
26,220
98,949
K
40,044
Jan 1 to May 31
2,114,835
June 1 to May 31
5,153,108
Lake Shore Elec.a
May
67,793
Jan 1 to May 31
300,208
Lehigh Val Traction. .Apr
82,571
Jan 1 to Apr 30
397,229
Lorain Street Ry
May
12,007
Manila Elect
& Lt
Ry Dept
May
44,000
Jan 1 to May 31
218,750
Lighting Dept
May
28,000
Jan 1 to May 31
144,750
Milw El Ry & Lt Co. b. May
280,880
Jan 1 to May 31
1,355,919
Milw Lt Ht & Trac.b.May
50,099
Jan 1 to May 31
227,150
Montreal St Ry
May 264,252
Oct 1 to May 31
1,906,189
New Orl Ry & Lt.b._May 470,901
Jan 1 to May 31
2,452,810
Norfolk Rv & Lt Co ..Apr
58,222
Jan 1 to Apr 30
230,389
Northern OhioT&L.a.May
84,409
Jan 1 to May 31
368,072
Northern Texas Tr Co. Mch
64,737
Oakland Trac Cons.b.Feb
118,996
Jan 1 to Feb 28
240,018
Oklahoma Citv Ry
Mch
11,309
Jan 1 to Mch 31
29,830
Olean St Ry . b
Apr
9,920
Jan 1 to Apr 30
35,814
July 1 to Apr 30
104,003
Orange Co Tract Co. .May
11,720
Jan 1 to Mav 31
43,898
July 1 to May 31
110,958
Peekskill Ltg & RR..Apr
9,905
Jan 1 to Apr 30
39,734
Pitts McK & G_ b
May
19,178
Jan 1 to May 31
73,685
Portland Rys Co
May
144,563
Puget S'd Elec RyCoaMch
48,933
St Jo Ry Lt H & P.. May
68,001
Jan 1 to May 31
320,395
S F Oak & S Jose R v ^ . Feb
49,083
Jan 1 to Feb 28
97,391
Savannah Elec Co. a ..Apr
49,872
Jan 1 to Apr 30
192,011
Seattle Electric Co. a.. Apr
231,492
Jan 1 to Apr 30
917,760
Syracuse Rap Tran.b May
87,028
Jan 1 to May 31
428.124
July 1 to May 31
938,151
Tacoma Ry & Pow Co. Mch
59,510
Tampa Electric Co . a . . Apr
36,937
Jan 1 to Apr 30
149,597
Terre Haute Tr & Lt.a.Apr
61,133
1
to
Jan
Apr 30
233,817
Toledo Rys & Lt Co.a May
167,847
Jan 1 to May 31
784.390
Tol Urb & Interurb.a.May
28,152
Jan 1 to May 31
132,873
Toledo & Western
Apr
18,588
Jan 1 to Apr 30
72,600
Twin City Rap Tr.b-.May
448,104
Jan 1 to May 31
2,070,018
United Rys of St L-.May
805,183
Jan 1 to May 31
3.008,805
Wash Alex & Mt Ver.aMay
23 ,001
Whatcom Co Ry & Lt.Mch
20,425
Apr 30
C Ry & Lt Co.a- ..May
Jan
to
1
11,260
200.594
1,263,410
47,398
201,661
236,399
1,075,790
52,342
192,160
78,587
340,315
53,689
100,354
205,027
10,934
33,961
94,340
11,445
39,016
107,627
8,386
33,994
16,016
60,204
134,010
35,954
00,037
277.494
41,170
81,551
40,332
171,717
203,424
779,312
77,590
373,208
813,831
47,874
33,716
128,968
46.761
179,580
154,492
732,566
25,575
114,701
17,790
03,568
389,425
1,778,941
757,481
3,299,986
23,195
13,518
99,123
474,200
4,799
10,172
37,744
170,532
828,431
2,153,114
26,886
115,694
27,930
131.446
3,397
82,196
399.367
4,072
12,810
45,981
174,478
724,408
1,872,172
24,194
97,907
21,750
109,250
12,600
70,100
127,452
062,108
28,031
128.565
115,178
691,831
209,854
1,173,662
18,342
83.720
38,550
159,494
24,911
56,058
109,157
5,509
11,442
5,262
17,861
52,510
4,174
9.105
38,212
4,502
17,039
12,056
39,315
65,350
22,455
32,815
152,015
29,250
54,763
19,890
70,679
78,434
304,594
36,903
183,810
411,145
14,481
13,239
65,204
25,560
83,886
73,992
363,896
13,527
03,120
7,430
27,299
238,841
1,071,180
314,810
1,368,436
10,587
5,501
3,544
133,309
614,293
26,232
101,821
101,706
554,864
20,988
71,080
37,795
149,239
22,408
43,778
86,930
4,448
15,502
40,261
4,056
7,365
30,750
3,097
11,889
8,424
29,401
59,110
10,530
28,408
112,536
25,741
49,717
19,811
68,464
59,300
235,272
32,095
153,488
345,594
12,440
13,203
50,598
11,982
51,116
71,752
349.678
11,525
48,715
7,701
21,315
210,921
917,268
281,915
1
,051 ,935
11,065
3,583
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
month and for Jan. 1 to May 31 include earnings of
Detroit Monroe & Toledo for this year only.
Interest Charges and Surplus.— The following STREET
railways, in addition to tlicir gross and net earnings given in
the foregoing, also report charges for interest, &c., with
the surph.s or deficit above or below those charges:
—Int., Rentals, <i-c.~ —Bal. of Net E'ngs.
—
Roads.
Albany & Hud.son
Apr
July 1 to Apr 30
Aurora Elgin & Chicago
(consol. company). May
Binghamton Rv Co.. May
.
.
_
May31
Brock & Plym St Ry. Mch
Cape Breton Elec Co Mch
July
to
1
Ry CoMay
to May 31
Mch
RR
Charleston Cons
Mch
1
Dallas Klec Corp
Detroit United.
5 .000
418, .552
1,839,524
4.449,132
61,580
258,057
Previous
Year.
c Figures for the
98,300
0,382
1
187,120
905,631
9,935
27,754
104,826
RR
Cohnrihus
51.359
226,529
Jacksonville Elec Co.a_ Apr
25,(>75
100„S04
374,917
8.702
47.433
def 23,929
def 43.205
May
".
Jan 1 to May 31
1,107,295
Jackson Consolidated May
12,170
Net Earnings
Current
Year.
.
.
.
Mcli
May
'
Jan 1 to May 31
Duhith St Rv
May
Jan 1 to May 31
El Paso Electric Co
Apr
Jan 1 to Apr 30
Galveston Klec Co
Apr
.Jan 1 to Apr 30
llonoluliiin
.)an
1
Mav
\-I,('o
to
Mav
31
.
Current
Year.
Previous
Year.
$
$
Current
Year.
$
Prcrnous
Year.
$
8,790
57.592
7,490
54,517
def2,692
12,050
def725
5,106
24,939
7,432
80,308
24.313
7,188
77,284
1,807
3,687
12,917
38,750
21 .864
17,451
4,879
44,580
def I ,.564
5,194
32,723
def945
def6,757
7,858
1 ,,S03
3,667
12,967
38,901
1
„S89
15,-! 30
105,478
f 499 ,4 17
17,512
87,518
3,S0H
15,087
4,167
16,607
1
,807
15,312
92„S00
460,55L»
1«,S10
83,751
3,420
13.657
1,071
7,263
19,974
3,179
S,.«00
.t80,204
r 30S,.s;Sl
17 ,,501
2,349
4,813
.r 89 .011
x256,403
13,352
8,8.59
.39,511
20,445
5,458
20,398
7,549
23.329
3.340
5.280
4,79:i
4„<!4S
.r7,.524
t4,226
24,1 S6
23,938
.r35,674
.r25,.';35
THE CHRONICLE.
1494
Current
Year.
Roads.
Hougliton Co St
$
Ry
Apr
Jan 1 to Apr 30
Houston Electric Co.. Apr
Jan 1 to Apr 30
Jackson Consolidated. May
Jacksonville Elec Co.. Apr
Jan 1 to Apr 30
Milw Elec Ry & Lt Co. May
Jan 1 to May 31
Mihv Lt Heat & Trac.May
Jan 1 to May 31
May
Montreal St Ry
Oct 1 to May 31
New Ori Ry & Lt
1 to May
Ry & Lt
Jan
Norfolk
May
31
Apr
Jan 1 to Apr 30
Northern Ohio T & L.May
Jan 1 to May 31
Northern Tex Tr Co..Mch
Oakland Trac ConsoL.reb
Jan 1 to Feb 28
Olean St Ry
Apr
Jan 1 to Apr 30
July
Pitts
Apr 30
to
1
McK & G
Jan
1
to
May
May
31
PugetS'dElRyCc.Mch
F Oak & S Jose Ry .Feb
S
_
Jan 1 to Feb 28
Savannah Elec Co
Apr
Jan 1 to Apr 30
Seattle Electric Co
Apr
Jan 1 to Apr 30
Syracuse Rap Tran..May
Jan 1 to May 31
July
1
to
May
31
Tacoma Ry & Pow Co Mch
Tampa Electric Co
Apr
Jan 1 to Apr 30
Terre Haute
Apr
Jan 1 to Apr 30
May
Tol Rys & Lt Co
Jan
to
1
May
31
Tol Urb & Interurb-May
Twin City Ray TraU-.May
Jan 1 to May 31
United Rys of St L-.May
Jan 1 to May 31
Whatcom Co Ry & Lt.Mch
a Fixed charges
for
3.937
15,596
7.692
31,286
2.879
3,338
13.313
89,719
437,411
25.454
117,954
47,236
266,974
154,805
763.101
20,069
80.120
22.667
113,334
9,942
35,678
71,357
2,768
11,047
26,878
4,442
23,359
al8,818
17,744
34,243
10.977
43.689
27,076
105,091
23,256
112,400
234.905
11,323
of Net E'n^s
Current
Previous
Year.
Year.
t
%
2,382 def 27,544
def 3.291 def 57.156
6.354
8.670
17.116
23.298
1,920
1,385
9,794
6,834
24.431
33,915
x41,351
x57,960
Previous
Year.
%
3.615
13.951
8,712
34,243
2,687
3.016
12,066
77,089
371.707
20.435
96.341
28.749
169.654
19,265
76.555
22,917
114.585
9,937
30.818
61.303
2,968
11,048
26,868
13,011
49.010
42,243
211.451
9,715
fcll0,592
fc549,425
fe97.209
fc486.509
198,026
991,296
3.758
198,954
996,495
2,229
March in 1906 but not
on bonds.
a;239.644
a:250,011
2.645
10,951
67,942
424.857
55,049
410,561
5,797
5,480
72,957
385,210
2)1,250
a;5,194
a;13,674
14,878
34,654
12,531
12,960
25,627
1,480
4.454
19,393
xdef3,043
12,732
24,130
9,257
26,249
34,536
135,631
11,709
51,535
121,916
1,543
11,378
42,989
3,238
14,586
29,858
137,635
119,712
430.759
82 .961
55 ,440
1,354
1.743
in 1905, includes
an appro-,
priation for sinking fund
Figures for the month and for Jan. 1 to May 31 include earnings of
Detroit Monroe & Toledo for this year only.
c
k Charges include dividend on preferred stock.
r
Charges include an allowance for depreciation.
X After allowing
for other
Earnings
income received.
INCOME ACCOUNT.
—
Freight
Passengers
Express, mails and mis
Total
—
Expenses
Maint.of way. &c
Maint. of equipment.
Conducting transport 'n
General expenses
Taxes
Total
Net earnings
Add miscell. income.
Total
Deduct
Int
225,135
15,889
46.160
14,969
20,380
37,800
2,494
6,814
25,632
7,614
15,956
x6,481
11,509
20,520
8,913
26,990
51,358
199.503
13,647
71,410
176,240
3,158
13,239
65,204
12,555
34,876
31,749
152,445
3.812
128,249
521,755
116,790
377,140
14,963
13,009
25,587
10,554
42,215
24,764
99,641
20,386
101,953
223,678
10,897
1.885
7»609
8.744
36.530
41,894
212.043
Nil.
Nil.
—
—Ral.
—IrU., Rentals, &c.
on
.
—
st
1
Industrial
Companies
—
Amalgamated Copper
American Beet Sugar
1373
1099
Amer.DlBt.Tcleg.Co. (New Jersey) 1435
Amer. Dist. Teleg. Co. (New York) . 1435
American Teleph.&Teleg. (sub. cos.)1373
American Wallham Watch
March 31)
Anaconda Copper Mining
(bal. sh.
1321
1163
Bell Telephone of Buffalo
1374
Bell Telephone of Canada
1374
Bell Telephone of Philadelphia
1374
Bethlehem Steel Corporation. 1039. 1050
Boston Towboat
1042
Butterick Co
1267
Central Dist.&Print. Teleg , Pitts. .1375
Central Union Telephone
1375
Chesapeake & Pot. Telephone
1375
Chlcaffo Telephone
1375
Clarksburg Fuel
1155
Colorado Telephone.
1375
Columbus & Hocking Coal & Iron.. 1266
Consolidation Coal
1154
Consolidated Rubber Tire
1043
Corn Products (olScia! statement
March 11)
1321
Cumberland Telephone
1376
Cincinnati
Industrial Companies
Steel
Iron
&
all
— (.Concluded) —
Fairmont Coal
General Asphalt
General Electric
Guggenheim Exploration
Hudson River Telephone.
Internal. Mercantile Marine
International Nickel
1267
1164
1208
1038. 1047
1436
1376
1373
Intern Smokeless Powder
.
...1910
1374
Lanston Monotype
1039
Manning, Maxwell & Moore (bal. sh.) 1436
Michigan State Telephone
1104
Missouri & Kansas Telephone
1376
Montreal Light, Heat & Power
1436
New England Teleph & Telegraph.. 1376
New York & N J Telephone
1377
New York & Penn. Teleph. ATeleg.. 1377
New York Telephone
1377
Northern California Power
1320
Pacific States Telephone & Telegr'ph 1377
Pennsylvania Steel
...1100
Penn.sylvania Telephone
1377
Philadelphia Electric
1209
Pioneer Telephone & Telegraph
1377
Pittsburgh & Fairmont Fuel..
1155
Pocahontas Collieries
1045
Rocky Mountain Telephone
1377
Somerset Coal.
11 54
Southern N E Telephone
1378
Street's Western Stable Car Line... 991
Tennessee Coal, Iron & RR
1208
United Copper
1321
United Gas Improvement
1101
United Shoe Machinery Co
1436
U. S. Realty & Improvement
1209
United States Rubber
1100
U. S. Steel Corp. (3 mos. end. Mch.
985
31)
Western Telephone & Telegraph
1378
West. Union Teleg. (prel. statem't). 1384
& Muskingum
.
.
.
.
Valley Railroad.
{Report for Fiscal Year ending Dec. 31 1905.)
Earnings, expenses, charges and balance sheets have been
as follows:
$834,095
$704,372
$746,628
$645,257
$175,383
126,995
312,713
8,347
34,361
$135,385
87,710
302,871
9,280
31,504
$161,851
102,169
276,641
9.118
26,076
$143,067
97,041
248,988
6,482
26,303
$657,799
$176,296
3,458
$566,750
$137,622
$575,855
$170,773
$521,882
$123,374
$179,754
8137,622
$170,773
$123,374
$64 ,000
$64,000
$64,000
$60,000
34,540
31,072
68,064
33,287
598,540
$81,214
$40,000
895,072
842,550
$40,000
$132, 064
$93,287
$30,087
$40,000
.
Net income
2%
dividend paid .
A ssels
—
$38 709
$40, 000
BALANCE SHEET DEC. 31.
1904.
1905.
1905.
1904.
Liabilities—
S
S
S
%
647,897 3,575,483 Capital stock
.000.000 2,000.000
91.524 1st M. 4% bonds
9i;524
,750.000 1,600.000
65,093
78,766 Aec'd int. IstM. bds.
26,667
26.667
5,690
22, 199 Accounts payable for
current expendlt's.
26.5901
59,654
54,629
49.784
Due other companies 44,486
22,638
16,774
13,068 Miscellaneous
27.043
147,125
15,695
11,457 Surplus of assets
50,696
9.485
51.196
36,6121
I
Road, equipm't,
<fec.3
Cost of securities
Materials & supplies.
Miscellaneous assets.
Due by other cos
Station agents and
ticket receiver
Cash in transit
Cash with Treasurer.
Total assets.
-V. 81, p. 270.
1
1
I
1
1
Total liabilities... 3, 953. 521 3,855.699
3,953.521 3.855,699
& Foundry
American Car
The report
affords the following:
1905-06.
1904-05.
$3,754,274
Earnings from all sources
$5,648,553
Renewals, replacements, repairs,
new
patents,
<fcc
Net earnings
New
Co.
Year Ending April 30 1906.)
(Report jor the
construction charged off
Netincome
Dividends on preferred
Dividends on common
1,490,103
818,789
905,767
$4 ,1 58 ,450
350,790
$2,935,485
307,367
84,680,112
183,249
$1,357,660
12,755,434
Total surplus
1903-04.
$5,585,879
$3,807,660 $2,628,118 $4,496,863
2,450,000 (7)2,100,000 (7)2,100,000
(3)900,000
a(8 1-6)
Balance, surplus
Previous surplus
$528,118
12,227,316
$1,496,863
10,730,454
$14,113,094 $12,755,434 $12,227,317
a Includes 1 1-6% paid July 1 1905 "to bring dividend periods and
quarterly reports in conformity with fiscal year."
BALANCE SHEET OF APRIL 30.
1906.
1905.
1906.
s
Liabilities
$
S
Cost of properties xoS ,371.979 58,105.298 Preferred stock.. .30.000.000
Material on hand. 19 ,154,118 11,932,514 Common stock.. -30.000.000
Accts. receivable. 12 ,658,799 9,039,028 Audited vouchers .19,219,970
Stocks and bonds
Pay-rolls
593.366
other companies 1 ,280.888 1.343,788 Div. pay'le July 2
525,000
Cash on hand and
Surplus account. .14.113.094
in bank
1 ,985,646
3.085.641
Assets —
—
Total
94.451 ,430 83.506.269
1905.
$
30.000,000
30.000,000
10,323,579
427.256
12.755.434
94,451.430 83.506.269
The "working capital" has been increased since the organicompany from $5,357,902 to $14,741,115.
The Audit Co. of New York appends its certificate to the
zation of the
report.— V. 82,
p. 694.
Amalgamated Copper Company.
(Further
Empire
1902
$431,389
156,687
57.188
Total deductions.
This index does not include reports in to-day's "Chronicle."
—
1903.
8496,324
182,056
68,248
Additions, improve'ts,
car tr. paym'ts, &c.
sections.
Railroads
Page.
Baltimore Chesapeake & Atlantic.. 1319
Baltimore & Ohio (prelim, statem't) 1435
Chicago & Western Indiana
1435
Delaware Lackawanna & We6tern..l097
Orand Rapids & Indiana.
1098
Grand Trunk Ry. of Canada
987
Hunfn&B'd Top Mtn.RR.A Coal 1207
N.Y.Chicago & St. Louis
1037
Pennsyl van! a Company
1153
Phlla. Baltimore & Washington
984
Pittsburgh & Lake Erie
1319
West Jersey &. Seashore
985
Western N. Y. A Pennsylvania
984
1904.
1447.011
184.287
73.074
X Includes cost of properties, plants, &c., to April 30 1905 $58,105,298; plant at
Memphis, Term., Jeffersonville, Ind., extensions to plants and addtional real estate,
$1,216,681; amount reserved for part payment on plant at Wilmington, Del., $50,000
annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the "Railway and Industrial" and "Street Railway"
is
1905.
$573,318
189.707
71.070
mort bonds
Total.
ANNUAL REPORTS.
Annual Reports. — The following
an index to
[Vol.. L.XXXII.
Data
from
Reports
Sub-companies.)
of
The "Boston News Bureau" gives the following additional
facts from the reports of the sub-companies, made for the
year ending June 1 1906, to the County Assessor at Butte,
Mont. (Compare V. 82, p. 1373):
Tons ore mined.
Grossperton
Min. cost per ton
Gross proceeds
Mining costs
Reduction cost
Transportation
Marketing
&
Anaconda.
B.
1.521,310
$10 92
3 63
16,613,537
5,525,320
3,457,008
231 ,999
1,209.805
812 82
3 46
15,509.832
4,182,508
2,958,667
1,129,547
1
,645 ,944
$10,860,271
$5,753,265
See report in V. 82, p. 1373.
Total costs.
Net proceeds
1
Mont.
.081 ,000
89,351.722 $1,120,391 $1,745,426
$277,015 $1,075,892
$6,158,109
United States Cast Iron Pipe
(Report for Fiscal Year ended
The
Otherincome
Deduct
1905-06.
$1,938,601
114,607
Foundry Co.
31 1906.)
1904-05.
1903-04.
1$1,303,810
/
No
$2,053,208
Totalincome
Interest
&
May
results for 1905-06 are given below:
Manufacturing income
»"
BiUte & B.
163,569
246.593
$8 54
$11 44
3 65
3 51
1,397,406 2.821,319
596,508
866.357
353,158
509.028
29,443
49.318
141,282
320.723
Parrot.
—
$1,303,810
official
figures
on bonds
Reserve for improvements
Reserve for doubtful accounts
Dividends on pref stock
Dividends on common stock
.
Total deductions
Surplus for year
$90,000
195,000
12,000
obtainable.
$71 ,640
119,000
6,000
,000
(7%)875
(4%)500,000
(4%)500,000
$1,672,000
$381,208
$696,640
$607,170
a The figures for 1903-04 are inserted by us from the annual report of
that year, the company refusing to confirm the correctness of the comparison with those of 1905-06 as above given. .
June
THE CHRONICLE.
30 1»06.]
MAY
31
BALANCE SHEET
1906.
1905.
1905.
1906.
Liabilities
S
$
S
S
Plant investment, 24 .086,735 24.085,110 Prel.stk.outstand.l 2,500,000 12,500,000
347,565 Com .stk .outstand. 1 2,500,000 12,500,000
347,555
Treasury stock
—
EAsscfs
Am. Pipe & F.Co.
Sinking Fund
bonds
Bonds Amer. Pipe
1,500,000
accts. pay.
797,928
1.500,000
1,174,822
work'g capital 2,297,439
2,297,439
95,689
Pipe & F. Co..Cash
Raw and manulac-
501,487
834,577
501.565 Bills &
444,159 Reserve for add'n
tured material..
Accts. receivable.
,942,503
,781,497
2,052,164 Improvements
3,129,709 Reserve lor doubtlul accounts
Insurance reserve.
Surplus
to
285,419
7,360
100,000
506,208
The expert accountants
report:
have audited the books for the year ending March 31 1906 and
report net profit from operation of $471,238, an increase value of South-
We
ern pine timber at Milltown, Georgia, 868,026, making a total for the
No reduction has been made for depreciation for
year of $539,264
the reason that it has been offset by repairs and betterments, which
have been charged against earnings, and which have more than maintained the efficiency of the plant."
See bond offering on a following page and compare finanplan recently carried out in V. 82, p. 694, 1042, 1158.
cial
492,314
Central
Total
-30,494,354 30,560,264
81. p. 1191.
Total
—V.
(The) William
&
Cramp
Sons Ship
30,494,354 30,560,264
&
Engine Building Co.
{Report for Fiscal Year ending April 30 1906.)
President Henry S. Grove, under date of June 20 1906, says
in substance:
The following is a statement of the affairs of the company and its subsidiaries, including the I. P. Morris Co. and the Kensington Ship Yard Co.,
as well as a combined balance sheet of the same companies as of April 30
In submitting this statement I wish again to call attention to the
1906.
extremely unsatisfactory condition of the shipbuilding business in the
United States. This condition is due to the small volume of business ofWe have been forfered and the number of yards comjjeting therefor.
tunate in securing a large share of the important contracts.
Entering the fiscal year under review, there were ten vessels yet in
various stages of completion, of which three were for the United States
Navy.
The following
is a list of the vessels above mentioned:
Name— Gross Tonnage
Displacement. H.P.\
2,696
U. S. S. Tennessee, -14,500 25,000 xS. S. Chippewa
.rS.
S. Onondaga ... 2,696
Mi.ssissippi
10,000
U. S. S.
.13.000
6,207
U. S. S. Idaho
13,000 10,000 xS.S. Merida
S.S.Mexico
6,207
1,796
j: John Weaver
270
^Transfer No. 19 . . .
270
^Transfer No. 20 . . .
Name
—
H.P.
1,000
1,000
7,000
7,000
3,000
1
1
,200
,200
X Completed.
In addition to the above, contracts have been made and work started
on the following eight vessels during the year:
Gross Tonnage. H.P.
Name
H.P.\ Name
Gross Tonnage
7,000IUnnamed
3,400
7,000
S. S. Momus
6,000
-.. 3,400
7,000
S.S.Antilles
7,000lUnnamed
6,000
—
—
3,400
7,000
8,500 Unnamed
2,700
1,000
8,500 IS. S. Katahdin
All the six vessels completed during the year were delivered promptly
within the time provided in the contracts. In fact two of these received
a premium for anticipating the contract date.
The I. P. Morris Co. has had a busy and prosperous year, maintaining
its position in the front rank of water turbine engineering work, as well
as in the construction of massive machinery of special and intricate design.
The other subsidiary companies and departments have helped out
the meager returns of shipbuilding, so that our income account shows a
net profit from all companies of $370,972, a sum more than adequate to
pay the year's proportion of reduction in bonded debt and meet the demands an expanding and progressing business makes upon us for tools
S.S. Havana
Unnamed
6,400
6.400
.
I
machinery and improvements.
The company has made the following payments and expenditures:
In reduction of capital debt, $185,000:
1 60 20-year 5% serial notes redeemed as per terms of issue
$1 60 ,000
25 first mortgage 5% gold bonds redeemed, as per terms of
deed of trust
25 ,000
Expended in the purchase of real estate, new tools, machinery
and for improvements, &c
123,382
Earnings {or year ending April 30.
,
1905-06.
1495
1904-05.
the company and
Co. and Kensington Shipyard Co., including miscellaneous income,
and after deduction of insurance and taxes, but
before deduction of bond interest or miscellaneous
Net earnings of
all departments of
its subsidiaries, viz.: I. P. Morris
&
South American Telegraph Company.
{Report for Fiscal Year ending Dec. 31 1905.)
The report for the current quarter (partly estimated) will
be found on a subsequent page. President James A. Scrymser, under date of March 23, issued a report saying:
The laying of the duplicate cable between Valparaiso, Chile, and ChorilThe company's lines are now duplilos, Peru, was completed Feb. 6.
cated and duplexed throughout and are provided with the latest and most
approved instruments and apparatus, in view of the requirements of the
growing traffic with Central and South America
It is estimated that the surplus for the quarter ending March 31 1906,
after providing for the usual dividend of 1 J^%, will be $123,116.
Following exhibits the business of the company for the past year:
—
$430,950/
I
/
\
43,374
$412,778
644
67,922
(6%)463,536(6%)463,536
Surplus for the year
Previous surplus
Total surplus Dec. 31
$378,390
1,016,487
$195,574
820,913
$1,394,877
$1,016,487
BALANCE SHEET DEC. 31.
1904.
1906.
19051905.
Liabilities
Assets
$
$
$
S
.. 8,000,000 8,000,000
Plant---.
8.252,556 8,252,556 Capital stock
Earnings invested in
Construction exp
plant
514,800
Chorillos -Valpa514,801
Profit from sale of
raiso dup. cable
683,028
128
treasury stock...
128
3d Mex. Gulf cable
116,748
Dividend
115,884
115,884
3d Isthmus TeSundry creditors. _ huantepec land211,145
11,583
line, &c
Surp. revenue Dec.
85.921
Spare cable
77.607
120,774
31^
1,394,877 1,016,487
Cash in banks
53,818
345,771
RR. bonds & other
securities
(par
$461,300). cost..
469,073
469,073
Treasury stock (par)
274,400
274,400
Sundry debtors, incl.
traffic balances.
196,309
223,683
—
-.—Total
V, 82 p
—
i
I
Total
.10,236,834 9,658,8831
-10,236,834 9,658.883
1325
Mexican Telegraph Co.
{Report for Fiscal Year ending Dec. 31 1905.)
The substance of the remarks of President Scrymser was
given in V. 82, p. 755.
The following shows the business of the company for the
past year:
1905.
Receipts from all sources
Deduct
Operating expenses
—
Mexican Gov't's participation
in earnings
Cable used in repairs
Dividends
-
1904.
$670,142
$612,933
$114,448
24,000
191,260
$101,233
38,002
29.088
191,260
$328,758
1,676,189
$253,350
1,422,838
$2,004,947
$1,676,188
11 ,676
Surplus for the year
Previous surplus
$704,724 $658,453
Interest on 20-year 5% serial notes
-..$233,333]
Interest on first mortgage 5% gold bonds
66,667 $344,288
Ground rents and interest on real estate mortgages. . 33, 752
1905.
$1,140,454
1906.
$1,316,249
Receipts from all sources
Deduct
Operating expenses
Mexican Gov't's participation in earnings.
Cable used in repairs
Dividends
interest
$370 ,972
$314 ,1 65
BALANCE SHEET APRIL
1906.
Real
$
est. ,mac'y,&cl2, 877, 438
Bills&acc'tsrec'ble 1,791,541
Mater' Is & supplies
645!377
Cash
167,126
Def'd assets (acc'ts
in proc.ot adjust.) 1,080,767
...16,562.249
—Total
V.81, p. 152. 157.
30.
1905.
1906.
Liabilities
$
$
12,750.565 Capital stock
6,098,000
872,293 Bonds and mortRages528;426|
.-6.505,212
520,051
1,050,279 Merchandise acc'ts
Wages due May 4.
67.236
107,485
1,184,124 Accrued interest..
Profit and loss
3,264.265
—
I
1905.
$
6,098,000
1
1
6,686,052
418,488
I
16,385,609
Barney
Total
110,792
3,072.357
16,562.249 16.385,689
in excess of the total business of the past year,
and
Fi.tcol
Year.
190.5-06
1904-05
1903-04
1902-03
1901-02
results for five years compare as belcw:
Net
Bad Debts
Intercd
Dividend
BaUinrc
Prof Us.
& Misc. on Bonds. on Prcf.
Surplus.
a$539,264
.$60,000
$200,000
$279,264
180.332
$67,245
60,000
200,000 def.I »0,914
633 ,.5.53
60,000
200,000
373,553
.566,261
3,750
60,000
200.000
302,51
399,993
26
60,000
200,000
1.39,967
a Includes $68,026 increase in value of Southern Pine Timber at
town, Ga.
1
Mill-
—
1904.
1905.
1905.
1904.
Liabilities
$
$
$
S
-.1 ,855,164 1,855,164 Capital stock
2,000,000 2,000,000
Cash at banks
23,834
249,900 Earnings Invested In
Constr'n acc't re 3rd
Improvements
31,654
31,654
cable
Profit from sales of
399,553
Cent. & South Amer.
treasury stock
38,493
38.493
Teleg. Co.'s stock,
Sinking fund
8,940
1,634 shares (cost) 127,386
127,386 Sundry creditors, inRR. bonds & other
clud. traffic bals-.
78,452
38,088
securities (cost)
1 ,283.810 1,336.042 Dlvldend
47,815
47,815
Treasury stock (par)
87,400
87,400 Surplus revenue DeSteamship Mexicancember 31
52,173
52,173
.2,004,947 1.676.189
Spare cable
51,777
11.027
Sundry debtors, incl
traffic balances
.
288,840
153,511
—
—V. 82.
I
-4.169.938 3,872,6031
Total
4.169,938 3.872,603
p. 1382 1104.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
at satisfactory prices.
The company has erected during the vear large steel and cement
buildings for the manufacture of all-steel "freight cars, all- wood freight
cars and compo.site (part steel and piirt wood) freight cars.
This plant
can be used also for the manufacture of steel passenger equipment as
required.
The area covered by the.se new buildings is as follows: Main
building, 738 by 181 feet; paint shop, 738 by 75 feet; mill, 288 by 100
feet; storage room, 127 by 38 feet.
The company has also erected a complete power plant equipment
for furnishing electricity and compressed air.
We also have lumber
.sheds, railroad tracks, &c., on this property.
Our former freight shops,
have been rearranged, and now form a ver.v important and much needed
addition to our passenger equipment shops.
The former capacity of the whole plant was about $5,000,000 per
annum. With the additions which have now been completed, it will
have a capacity of $10,000,000 per annum. The number of employees
at present is about 3,000.
31.
Plant
Total
&
Smith Car Co.
{Report for Fiscal Year ending March 31 1906.)
President J. D. Piatt, Dayton, Ohio, June 5 1906, says:
New business for the ensuing year already on the books Is largely
The
BALANCE SHEET DEC.
Assets
Net surplus
Assets-
Total surplus Dec. 31
—
—
Alaska Central Railway. Is,sue of Bonds Authorized
Construction.
The stockholders on June 15 authorized the
signing of an agreement with the Tanana Construction Co.
to complete the road to the Chicalon coal fields, approximately 185 miles north of Seward, and the delivery therefor
of $8,500,000 bonds and a like amount of stock.
Of the
amount stated, $3, ,500, 000 is to be issued for construction
work completed, which includes 46 miles in operation and
the construction of seven tunnels, and considerable work on
the following (iO miles.
The balance is to be issued at the
rate of 90% of the actual cost of the work as it progresses.
—
Compare report in V. 82, p. 756, 748.
Buffalo & Susquehanna RR.
Earnings for Year. See
Buffalo & 8usr|uchanna Railway below.— V. 82, p. 1:^22, 627.
Buffalo & Susquehanna Railwa.v.
Equipment Trust Bonds.
—
—
—
Harris »(• Co., New York, Boston <t Chicago, are
offering at a price to net the investor 4.9% an issue of
$871,000 5% eciuipment trust bonds, dated July 1 1906,
maturing $44,000 .semi-annually January 1 1907 to January 1 1912 and $43,000 semi-annually Jiily 1 1912 to July 1
N.
W.
THE CHRONICLE.
1496
Croupous payubh; January and July, in New York,
191(5.
Denomination $1,000.
at the office of N. W. Harris it Co.
UniteciS(ate.s Mortgage & Trust Co., Trustee.
President F. H. CJoodyear, Buff'alo, N. Y., June 22 1900,
(.
writes in substance:
A tliorouglily modern and .sul>.stanlial extension, now nearly completed,
from Wellsvillc to Hullalo, a disis being constructed by the company
confidently believed, will be in oi)eration on
or before fiept. 1, at wliicli time llie company will control a railroad extendiiif,' from Hulfalo, N. V., to SaKamore, Pa., wbicli, with its several
The main line of the system
branches, will have a mileage of 3(5.5 miles.
extends from HulTalo (popnlation 400,000), thr()\i>,'h agricultural and
territory,
hemlock and hai<l-wood
oil-producing
fruit-growing districts,
forests, into the heart of the bituminous coal fields of Pennsylvania,
where, tlirough ownership of the entire capital stock of siil)sidiary companies, coal lands estimated to contain over 125,000,000 tons of coal
Six mines are already in operation, which when fully deare owned.
veloped will have a capacity of .3,000,000 tons a year. The valuable
of the Kailway Comi)any in Buffalo is located directly
property
terminal
on the lake front, and adjoining the plants of the Lackawanna Steel Co.
and the Buffalo iV: Su.s(iuehaima Iron Co. The same interests which control the Hallway Company are large stockholders in the Buffalo & Susquehanna Iron "Co., the Buffalo & Su.squehanna Steamship Co. and the
Goodvear Limiber Co.
Tlie following is the income account of the Buffalo & Susquehanna
Railroad (whose entire common stock, $4,456,900, except directors'
shares, is owned by the Railway comi)any) for the three years ending
June 30 (April, May and June 1906 being estimated):
tance of 86 miles, and,
it
is
Gross.
y^ear—
Nd.
Other Inc. Inl.&S.V .Bal.,Sur.
1905-06 (partly est.) .$1,500,000 .$540,000 $120,000 $360,000 $300,000
190,8()2
243,468 324,013
1,129,864 376,619
1904-05 (actual)
962,696 327,196 173,893 157,958 343,131
1903-04 (actual)
The increase in fixed charges during the last two fiscal years was due
to expenditures incidental to the development of the property, in preparaFrom
tion for handling a large increase in the volume of coal traffic.
now on the system will reap the benefits of these expenditures, in addition
to the expenditure of approximately $4,000,000 by the railway company
for the extension, terminals, &c., above mentioned, this large expenditure having up to the present time been practically non-productive.
It is confidently believed that the first year of operation of the system
as a completed property will show an increase of at least 30% in gross
income and of 40% in' net income, over the figures for 1906, as above
(V. 80, p. 1310; V. 82, p. 1322.)
given.
In order to provide for the rapidly increasmg busmess we have purchased 1 000 pressed steel freight cars of 100,000 lbs. capacity, cost delivered $1,030,000, on account of which the $871,000 5% bonds are to
be issued 'and the balance is to be paid in cash. The equity increases
rapidly 10% of the bonds being paid off annually, whereas the average
years.
The ownership of the
life oppressed steel freight cars is over 20
equipment will remain with the trustee until the entire issue is retired.
'
—V.
81, p. 612.
—
Chicago Burlington & Quincy RR. Dissolution of SyndiThe syndicate which underwrote the Illinois Division
bonds was dissolved on June 25, the participants receiving their pro rata share of the bonds remaining unsold.
cate.
—
—V.
82, p. 1437, 1155.
—
Chicago Milwaukee &
York Stock Exchange has
Listed.— The New
St. Paul Ry.
listed $6,450,000 additional
general mortgage bonds, Series B, making the total "B"
bonds listed $8,950,000; there are also on the list $23,676,000
4s; total "A" and "B" listed to date, $32,626,000.
series
3^%
A
annual report showed as outstanding June 30 1905
$24 000,000 "A" and $11,164,000 "B" bonds, of which the
treasury held $159,000 "A" and $4,664,000 "B."— V. 82,
The
last
p. 1211, 160.
—
—
Chicago & Western Indiana RR. Listed. The New York
Stock Exchange has listed $17,143,000 consolidated mortgage
50-year 4% bonds of 1952.— V. 82, p. 1435.
&
Zanesville Electric "Ry .—Mortgage.
A mortgage has been filed to the Girard Trust Co. of Philadelphia as trustee to secure $6,250,000 20-year 5% bonds
dated May 1 1906. See the "Street Railway" Section issued
to-day.— V. 82, p. 1437.
Columbus Newark
El Paso (Tex.) Union Passenger Depot Qo.— Description
V. 81,
See "Railroad Gazette" of June 22.
of Station.
p. 1043.
—
—
—
—
Houston & Texas Central RR. Called Bonds. The numbers of consolidated mortgage bonds, aggregating $115,000,
which will be redeemed at 110 and interest on presentation,
interest ceasing Aug. 25, will be found in an advertisement
on another page of to-day's "Chronicle."— V. 82, p. 751.
Columbus &
Eastern Traction Qo.— Mortgage.
Indiana
This company has filed a mortgage to the Girard Trust Co.
of Philadelphia as trustee to secure $12,000,000 of 20-year
5% bonds dated May 1 1906. See the "Street Railway"
Section issued to-day.— V. 82, p. 1437, 1212.
—
—
Interborough-Metropohtan Co., New York. Listed. The
Stock Exchange has listed $67,406,000 collateral
bonds of 195(5, $45,284,600 5% cumulative pretrust
ferred stock and $92,360,100 common siock voting trust
certificates, with power to add to t\u) 1 s^. prior lo Oct. 1
New Yoik
4H%
1906 $2,594,000 additional boncls, $9,715,400 additional
prcfeiTed slock and $7,639,900 additional comn^on stock
voting trust certificates, making the total amount, of each
authorized 1o be listed as follows: colla'cial trist 4^^%
bonds, $r0,000,000; preferred stock, $55,000,000; common
stock voting trust certificates, $100,000,000.
Accort'.ing to the statement made lo the Exchaiig.-, the
company has acquired under the meiger plan s'ock as follows: 337,0:>2 shares of Interborovgh Rapid Transit Co.,
422,846 shares of Metropolitan Street Ra-hvay and 2S9,171
shares of Metropolitan Securities Co. ($75 a share paid),
leaving outstanding $1,2)6,^^00 Interlioiough, ,|9,/l5,i()0
Matropolitan Street Ry. and $1,082,900 Metropolitan Securities stock.
[Vol. LXxxiL
—
Earnings. As reported to the Stock Exchange:
Inltrborouyh-Rapid Transit Co.
Year ending March 31 1906.
Earnings from operation|18,954,273 Man. Hy.,int., taxes,etc.$l ,819,680
Operating expenses
Guaranteed divs.(7%) 3,864,000
8,357,084
Int.Kap.Tr.Co., taxes _.xl, 312, 431
Net earnings
Int. on 3-year 4% notes
206,667
.»! 0,597, 189
Other income
Int on city subway bds 1 .259,200
748,972
—
.
Total net income
Balance, surplus. ...$2,884,183
.$11,346,161
Divs.
8% on $35,000,000 stock of Interbor. Ilapirl Tran. Co . 2,800,000
—
.
.
Balance (making total surplus March 31, $2,096,548)
$84,183
X Includes: Personalty and franchise tax, $957,215; tax on real estate,
$170,805; tax on capital and earnings, $184,411.
New York City Railway System. Nine Months ending March 31 1906
Gross earnings
$16,197,731 [Fixed charges (ind. 7%
guar. div. on MetroNet earnings
$6,728,968
politan St. Ry. stock)
Income other sources
347,507
—
and taxes,
excl. spec.
franchi.se taxes in hti-
gation
$8,972,201
Total net income
Balance, deficit
$7,076,475
$1,895,726
Note.
F'or the nine months ending March 31 1906 the gross earnings
compared with the corresponding period of 1904-05 increased $851,273
and the net earnings increased $435,265.
—
—
Call.
Notices, it is stated, have been sent to the members of the syndiacte formed to support the stock at 50,
requiring them to pay 90% of their subscriptions.
The
synchcate, it is rumored, was organized to purchase if necessary not exceeding 300,000 shares of the stock, and it is
supposed had accumulated nearly that amount when the
decision to let the market take care of itself was reached.
The circular, it is said, states that the stocks paid for under
the call are to be held untransferable.
V. 82, p. 1438, 1323.
—
—
—
Listed.
International Traction Co., Buffalo, &c.
The
Stock Exchange has listed $17,940,000 50-year
4% collateral trust coupon bonds of 1949 for $1,000 each,
the committee being empowered to add to the list from time
to time before Jan. 1 1907 $300,000 additional, making
the total authorized to be listed $18,240,000.
See V. 82,
New York
p. 624.
Kanawha & Michigan Ry.
— George
—Circular from Minority Stock-
D. Mackay, Chairman of the
minority stockholders' committee, has issued a letter to the
stockholders describing the condition of the property in
holders' Committee.
part as follows:
I visited every portion of the road and was immensely pleased with
the physical condition of every part of it from Corning "to Charleston.
Immense sums of money have been spent on it and the pfiysical condition
There
is as high as almost any Eastern line with which 1 am acquainted.
still remains 40 miles of road south of Charleston, runnmg into the coal
district to Gauley Bridge, which has a very light rail on it about 60 pounds
to the yard and should be relaid at the earliest possible moment with
Plans for this change
heavier rail, not less than 90 pounds to the yard.
have already been made and probably will be consummated during the
coming year at the cost of about $85,000. There still remain 22 bridges
to be changed from wood to steel; much of this will doubtless be done in
The estimated cost for this is about $8,000 to each
the coming year.
When these two large improvements are made, there will still
bridge.
remain some changes in alignment for the railway has a number of short
curves which wind around the ba.ses of small hills. As the trains which are
in common use to carry coal are in the neighborhood of 2,500 feet long, the
necessity of straightening these short curves will easily be seen
The tiest thing is the outlook for increased business. The gross earnings have run as high as $196,000 in one month, previous to the strike
in the coal fields this spring, and I am informed will run over $200,000
per month this summer.
,
,
,
The arrangement for the exchange of the minority for
Hocking Valley "is being completed as far as the necessary
consents of the corporations concerned can be officially
obtained, and we hope to see it made public before July 1."
Compare V. 82, p. 1268, 1102.
Kansas City Railway
&
Light Co.
for the year ending May 31 were:
Net.
Year
Gross.
—
1905-06
1904-05
$5,153,168
4,449,134
—Report. — The
0th. Inc.
Charges.
$9,671
16,588
$1,644,524
1,501,862
$2,.')56,629
2,213,874
During each year dividends of
5%
results
Bal., Surp.
$921,776
728,600
on preferred stock
($476,105) were paid.
—
New Director. Geo. W. Bacon of New
elected a director in place of P. A. Valentine.
—
—
York has been
— V. 81, p. 1723.
&
Webster
Key West (Fla.) Electric Co. Sold. Stone
of Boston have acquired the company which docs the entire
All the
electric railway and lighting business of the city.
outstanding securities will be retired and the new capitalization will be:
$1,000,000
First mortgage 50-year 5% gold bonds, ainount authorized
450,000
Present issue,
be
authorized
and
issued
230,000
non-cum.,
to
stock
Preferred
6%
500,000
Common stock to be authorized and i.ssued
New money
will be provided to re-equip the present
station, purchase new cars and equipment, extend
the lighting system, develop the gas business under the franchis:^ owned, and put the entire property in the best operating
condition.— V. 78, p. 2334.
Lehigh Valley RR. Decision as to Preferred Stock DiviJustice Potter in the Supreme Court on June 27
dends.
handed down a decision sustaining the Common Pleas Court
No. 5, which held that the preferred stockholders are entitled
to dividends at 10% per annum from Oct. 1893 to June 1904,
Compare V. 82,
during which no dividends were paid.
p. 161.— V. 82, p. 1438, 1379.
power
—
Memphis
—
—
—
—
(Tenn.) Street Ry. Co. BondsOffered Status.
ct Son, New York and New Orleans, are
and interest a block of the consolidated
mortgage 40-year 5% gold bonds of $1,000 each, dated
Interest payable Jan. 1
July 1 1905 and due July 1 1945.
Isidore Newman
offering at 101 J^
June
THE CHRONICLE.
30 1906.J
The
at Central Trust Co. of New York, trustee.
recently issued $1,500,000 of these bonds for improvements; of the proceeds "$1,000,000 has been expended
and July
1
company
during 1905 and $500,000 will be used for improvements
The improvealready approved for the year 1906."
ments include additions to car barn and shops, extensions
of track and line, improvements to power house, additional
The total issue is limited to $10,000,000. of which
cars, &c.
$5,594,000 is now outstanding; $906,000 is reserved to retire
Citizens' Street RR. 6% first mortgage bonds, due Jan. 1
1916, and the remaining $3,500,000 is held in the treasury
(Compare V. 82, p. 628.)
for future improvements, &c.
V. 82, p. 1438.
Mexican Central Ry., Ltd. Refunding Plan. To i)rovide
for the payment at or before maturity of the three issues of
notes and bonds $29,000,000, maturing in 1907 and 1908,
and for other corporate purposes, the company, under a collateral trust agreement dated July 2 1906, has made provision to issue a series of four-year 5% gold notes of the
par value of $1,000 each, maturing July 1 1910, limited as
to principal to an amount not to exceed $35,000,000, with
interest payable semi-annually on Jan. 1 and July 1, and
redeemable at the option of the railway at par and accrued
The trust agreement prointerest on any interest date.
vides that upon the issuance of $33,000,000 of said notes
and the cancellation of the agreements securing the abovementioned obligations, there will be deposited, under the
terms and subject to the provisions of said trust agreement,
the following securities:
—
—
Pledged
Hereunder.
$1 ,200,000
Total
Executed.
j$8,000,000
5%
Priority bonds of the railway
Mexican Pacific Hv. Co. first mortgage 5%
5,000,000
guaranteed bonds (V. 81, p. 1792).
Tampico Harbor Co. first mortgage 5% guar2,600,000
anteed bonds _
Consolidated mortgage 4% bonds of the Ry. 2/100,215,000
First consolidated income bonds of the Ry . _ . 20,567,200
5,000,000
2,500,000
41,000,000
5,000,000
1497
ing at length the company's securities and financial condition
and reporting its earnings and balance sheet.— V. 82, p.
14.38, 925.
New York Ontario & Western Ry. Annual Dividend.
The directors on June 27 declared a dividend of 2% upon the
common stock "out of the earnings for the year ending
June 30," payable on July 30 1906 to stockholders of record
on July 20 1906. In July 1905 a dividend of 1}^% was paid
from earnings and in January 1905 3% from accumulated
surplus.— V. 81, p. 1792, 1044.
—
—
Norwich
&
Westerly (Electric)
Ry.
— Bonds
Offered.
—
Clarence E. Tliompson & Sons, New Haven and Bridgeport,
offer (or sale $100,000 5% first mortgage bonds of $1,000
each, dated March 1 1906, due March 1 1936, but redeemable
Interest payable
at option of company at 115 and interest.
March 1 and Sept. 1 at the Thames Loan & Trust Co.,
Norwich. A circular says in substance:
Secured by a first mortgage on all the property and franchises now
owned or hereafter acquired. The railroad runs from Norwich, Conn.,
Poquetanuck, Hallville, Shewville,
miles, over
North Stonington and White Rock, a distance of 21
Population
private right of way excepting through cities and towns.
served about 48,000. Charter allows the carrying of mail, freight and
Capitalization: Bonds, authorized, $750,000: issued, $600,000;
express.
Prereserved for extensions, betterments, equipment, &c., $150,000.
$200,000
ferred stock, authorized, $250,000; common stock, $450,000.
ha.s
been
issued
and
paid
cash
in at par in
of the preferred .stock
Standard railroad construction, gravel ballast, chestnut and oak ties,
Total cost of power hou.se (brick)
70-lb. steel rails, continuous joints.
and equipment will be $140,000. Owns 350 feet of water front at
Norwich, where freight and coal can be landed by boat for the line. The
road taps four large cotton and woolen mills heretofore compelled to team
Rolling stock: Nine
their goods to the New Haven RR., over 5 miles.
pas.senger cars, Pullman type, including one baggage and express, and
two combination cars, all 47 feet long, with air brakes: also .seven coal cars.
We are assured that the road will commence operation in July and it is
estimated that the gross earnings for the first year will exceed $100,000
and the net earnings will exceed $45,000. President, Hon. Thomas
Hamilton, New London; Secretary, Chas. D. Noyes, and Treasurer,
Robert W. Perkins, Norwich.— V. 82, p. 1041
to Westerly, R. I., passing through
H
—
—
Pittsburgh Fort Wayne & Chicago Ry. Listed. The New
York Stock Exchange has listed $3,029,700 additional guarX In hands of public, $5,397,000; redeemed and canceled, 81 ,40,S,000;
anteed special stock, making the total amount listed to date
available, $1,200,000.
The new stock represents:
$37,374,500.
y Held by public, $66,874,000: remainder unsold.
$22 ,057
$758 ,73 2 Third & fourth tracks
Of the authorized issue of new notes, $2,000,000 of notes New locomotives
63 ,276
cars
189 ,1 27 Fifth track
can only be issued upon the deposit of additional security, in New
289,490
Engine & .station houses __ _ 98,676 Side tracks
the
trust
agreement.
The
rewith
the
terms
of
accordance
771,756
49,577 Track elevation
Bridges and culverts
88,257 Real est., right of way, &c, 499,771
maining $33,000,000 has been sold to a syndicate headed by Second track
—
1439.
V.82,p.
Ladenburg, Thalmann & Co., 25 Broad St., and HallThe "Engineering Record" of June 23 1906 contains an
garten & Co., 5 Nassau St., New York., and the Bank fur
Handel & Industrie and the Berliner Handelsgesellschaft of illustrated article regarding the company's track elevation
Berlin who have requested that an opportunity be afforded in Chicago.— V. 82, p. 1439.
Merger.
See EastPottsville (Pa.) Union Traction Co.
the holders of the above-mentioned obligations to exchange
1
I
I
I
|
—
,
their respective holdings for new four-year notes.
Pursuant to such request, the noteholders who shall deposit
the same in the manner herein provided are offered an opportunity to make such exchange on the following basis:
Total
Coupons
/?! Exchanqe
Attached. New Notes. Cash.
Each
Due Date.
Issue.
notes Jan. 1 1907 810,000,000 Jan. 1907 $5,000 $125 00
$5,000 6
13 33
bondsFeb. 1 1907 10,000,000 Feb. 1907 1,000
$1,000
notes Sept. 1 1908. j9 ,000,000 Sept. 1906 5,000
108 33
$5,000 5
—
—
—
%
4H%
%
X In hands of public $4,652,000.
The new notes
are to bear the
coupon ($25) maturing
1907 and all subsequent coupons.
Holders of the above-mentioned obligations desiring to
accept this offer must deposit their securities on or prior
to July 16 1906 with the aforesaid firms in New York, or with
Bank fur Handel & Industrie, Berlin; Berliner Handelgesellschaft, Berlin; Hope & Co., Amsterdam; J. Henry Schroder
& Co., London; Swiss Bankverein, London and Basle, who
will be prepared to receive the securities for the purpose of
transmission to New York, to be exchanged for new notes
and ca.sh on the above basis as soon after Aug. 1 1906 as
may be practicable. See alsoj; advertisemeut on another
page.— V. 82, p. 1438,628.
Missouri Kansas & Texas Ry. Bonds Offered. H. W.
Poor & Co., New York and Boston, are offering, by an advertisement on another page, at a price to yield over 4J^%
upon the investment, a block of the "first and refunding
mortgage" 4% bonds, due 2004. The firm say:
The bonds are adequately secured by terminal property, track and
Jan.
1
—
—
equipment purchased with the proceeds" of this issue. Wliile there are
but .$5 182,000 bonds outstanding, tlie i.ssue is furtlier secured by a first
and only hen on .?1 0.000,000 of rolling stock, which, tlie mortgage provides, must be kept in tlie highest condition of efficiency.
In ad<lition
the bond.s are a second mortgage on 600 miles of road bearing a first
mortgage debt of only $20,000 per mile. By the recent sale of $10,000,000 general mortgage 4^''; bonds (V. 82, p. 692, 334) there has been an
additional contribution to the i)roperty in casli of nearly equal to the whole
arnoimt of "first and refunding" 4^r bonds outstanding. The bonds are
listed on the New York Stock Exchange and have an international market, being payable in New York, London, Berlin or Paris.
—
Payment of Car Tru.'its. Tlie companj' has retired, fiom
the proceed.s of tlie aforesaid bonds all of lis $4,000,000 car
trusts with the exception of a small amount (at last accounts
$220,000) to provide for which it has deposited with the
trustee ca.sh to the full amount of principal and intenst to
maturity.— V. 82, p. 1323, 1269.
New Orleans Railway & Light Co. Official Statement on
Siih.-ieqru'nt Pages.
The New York Stock lOxcliaiige
as
stated last wc-ek, lias listed this company's outstanding bonds
and stock, namely $13,643,000 general mortgage 4J^%
bonds of 1935, $10,000,000 5% non-cumulative preferred
stock and $20,000,000 common stock.
On subse(|u<'nt pages
of this is.sue of the "Chronicle" will be found the odicial statement made to the Exchange, onlj' slightly abridged, describ-
—
—
,
—
—
V. 69, p. 441.
ern Penn.sylvania Railways in V. 82, p. 1487.
Quebec Bridge & Railway Co. Progress of Construction.
&c. See illustrated article in "Engineering Record" of
June 23 1906. As to history of enterprise to June 30 1905,
see the annual report of the Canadian "Department of Railways and Canals" for 1904-05.— V. 81, p. 976.
—
—
St. Louis Rocky Mountain & Pacific Ry.
The following directors are announced:
— Directors. —
Henry Koehler Jr., Thomas H. Harlan, Hugo A. Koehler, St. Louis,
Mo.; Charles K. Beekman, Emerson W. Judd, New York; J. H. Thompson, Plainfield, N. J.; Charles Springer, Cimarron, N. M.; J. van
(See V. 81, p. 156; V. 82, p. 335.)
A. H. Officer, Raton, N. M.
—
—
Houten,
—
Seaboard Air Line Ry. Circular Earnings, &c. In a
June 28 John L. Williams & Sons of Richmond furnish this "official statement" of earnings for the
system, including rail and water lines (exclusive of A. & B.
Ry. and F. W. S. Ry., owned by the S. A. L. Ry., but
operated separately), together with the following cominents
and various criticisms regarding the management:
circular dated
Statementfor Year ending April I IQOd {Mileage of Rail Lines. 2, &11 Miles).
Gross earnings
$15,580,066 Deduct— Int. on bonds. $2,748,650
48,925
Rentals
Operating expenses and
$136,859
Interest on car trusts
taxes
11,115,515
149,741
Interest on other debt
$4,464,551
Net earnings
$3,084,175
Total deductions
Inc. from other sources.
35,395
Surplus earnings
$1 ,415,771
Total net income
$4 ,499 ,946
"If the comi)any .should pay a dividend of 4% on the $23,900,000 of
S. A. L. Railwan preferred stock outstanding, there would still be left a
net surplus for the twelve months of $459,771, which is equal to about
1.25% on the $37,000,000 common .stock. If the .system had been
operated as it should have been, at an expense ratio of 62.5%, instead of
71 .3%, with the above actual gross earnings, the net surplus would have
been $2,839,015, which would have enabled the railway to pay 4% on
common stock and have a balance of more than $164,000. The first
annual meeting of stockholders of the "Seaboard Comi)any (the holding
company, which now contains in its treasury a large majority of both
the preferred and common stock of tlie Seaboard .Air Line Railway),
held on June 5 1906, revealed the fact that there is still outstanding more
than $10,000,000 of the preferred and connnon stock of the Seaboard
.\ir Line Railway which refused to participate in the Ryan-Blair scaling
plan.
Most of" this $10,000,000 of .stock has been deposited with the
protective committee (International Trust Co. of M<i., depositary)
V. 82, j). 1213, 806.
under a five-year agreement.
|
'
—
—
—
Seaboard Company. Earnings, itc. See Seaboard Air
Line Ry. above.— V. 81, p. 778.
Tri-City Railway & Light Co., Davenport, Rock Island
and East Moline. First l)iridend.- -The dircvlors have declared a f|uarter]y dividend of 13^% upon the preferred stock,
payable July 2 to holders of record June 27. See V. 82, p.
696,753,988, 1213.
Bonds .Ml .S'oW.- Mackay & Co. and N. W. Hahsey & Co.,
having sold all tlie $6,000,000 "collateral first lien 5% bonds"
advertised in our is.sue of May 2(), have closed the syndicate
account.
The i.sstie will hv. listed on the New York Stock
—
Exchange.— V.
82, p.
1213, 988.
THE CHRONICLE.
1498
—
W Wabash RR. —Offering
—
The
Status.
of Equipment Bonds
ISO, ()()() -1^2% c<)uipmcnt trust bonds which were sold
to Lee, Higginson & Co. of Boston about (he middle of the
month are now offered for sale, through advertisement on
another page, bj' Lee, Higginson & Co. and Clark, Dodge &
These bonds are a direct
Co., jointly, at prices to yield 5%.
They are dated July 1 19()()
obligation of the Wabash RR.
and mature serially at the rate of $309,000 each six months
from Jan. 1 1907 to July 1 1916, inclusive, but all or any part
are subject to redemption at 101 and interest on any interest
date upon 90 days' notice. Interest paj'able Jan. 1 and July
Trustee,
1 at the office of Lee, Higginson & Co., Boston.
Denomination, $1,000 each.
City Trust Co., Boston.
President F. A. Delano, under date of June 21 1906, writes:
Tliese bonds ($6,180,000) are issued for the acquisition of 60 freight
engines of the heaviest type; 20 switch engines, of the heaviest type; 4,000
steel-underframe coal cars, 50 tons capacity each; 2,000 40-foot nox cars,
40 tons capacity each. Dehveries of this rolling stock are to be made
during tlie six months ending Dee. 31 1906. The total par value of the
bonds is 90% of the cash cost of the equipment
Large expenditures from earnings have improved the condition of the
property so that it is now in a position to take care of the further increased
traffic which it will be called upon to handle during the coming year.
The WheeUng & Lake Erie road and the Wabash-Pittsburgh Terminal,
which properties the Wabash RR. controls, and which have some 560
miles of road extending from Toledo to Pittsburgh with lake connections
at Huron, Lorain and Cleveland, have developed to a point where the
Wabash is beginning to realize the benefits of a large traffic in coal and
In the fiscal year ending June 30 1905 the Wabash earned
iron products.
close to $25,000,000 gross, 'in the fiscal year ending June 30 1906 the
road will earn $250,000 gross in excess of the year previous notwithstanding the previous year was the year of the St. Louis World's Fair.
In the present fiscal year the company will show upwards of $2,000,000
over and above its operating expenses, taxes and fixed charges (rentals,
coupon interest, sinking fund payments and payments for equipment).
This entire sum has been appropriated for necessary betterments and for
new equipment. Before the end of 1908 annual payments on account of
-ar trust obligations now outstanding will be reduced by the amount of
$840,000 per annum. I believe in normal years the railroad will earn in
By the
excess of $3,000,000 over and above the present fixed charges.
end of the year practically all the important mileage will have been laid
with 80 and 85-pound steel rails. The company has good terminals in
alllthe important cities reached by the system, having within the last few
months largely increased its facilities in Chicago and St. Louis. V. 82,
$(),
,
—
—
p. 1440, 1324.
INDUSTRIAL, GAS AND MISCELLANEOUS.
—
—
Allis-Ghalmers Co. Meeting July 16. The shareholders
are notified by advertisement on another page of this issue
that a special meeting will be held July 16 for the following
purposes:
(1) To authorize an issue of not exceeding $15,000,000 bonds, to be
secured by mortgage or pledge upon the real estate and manufacturing
plants now owned and hereafter acquired and all shares of stock of other
corporations a majority' whereof shall at any time be held by the company; also to authorize the offer to both classes of stockholders of $12,000,000 of such bonds at 80% and interest, the remainder ($3,000,000) of
said authorized issue of bonds to be issued at such times and for such purposes as may be provided in the mortgage; (2) to approve the conditional
contract dated June 25 1906 with Shearson, Hammill & Co. of New York,
acting on behalf of a syndicate, for the acquisition of .so many of said
$12,000,000 bonds as shall not be taken by the stockholders.
See further particulars in V. 82, p. 1440.
An elaborate circular has been preOfficial Statement.
pared showing the' strong position of the company and the
abundant security for the new bonds. The company, it is
stated, upon the sale of $12,000,000 of the issue and the application of their proceeds as proposed, will have over
$10,000,000 of net working capital, while the West Allis
extensions, which it is expected will be in full operation soon
after Oct. 1 next, will increase the total floor space of the
company's plants from 2,463,500 square feet to 3,199,500
square feet.— V. 82, p. 1440.
Amalgamated Copper Co. Subsidiary Increases Dividend.
See Anaconda Copper Mining below.
Report.
See "Annual Reports" on a preceding page.
V. 82, p. 1373, 1320.
American Car & Foundry Co. New Director. C. R.
Woodin has been elected a director in place of J. L. Smyser,
resigned.— v. 82, p. 694.
American Gas Co., Philadelphia. Acquisitions. This
company has bought within the last month the entire capital
stock of the East St. Louis Gas Light Co. East St. Louis, III.
(V. 75, p. 81; V. 82, p. 1271), and the entire capital stock
of the Belleville Gas &, Electric Co., Belleville, 111., and, as is
usual in such cases, the officers and directors of the American
Gas Co. have been elected in place of the old ones, who have
resigned.
In each case Morris W. Stroud has been elected
President and Treasurer and Mr. Walter Godley, Secretary.
There will be no change at present in the securities or organizations of the above companies.
Previous Status.
We were recently favored with the
—
—
—
—
—
—
—
—
,
—
following:
The American Gas Co. has outstanding no bonds
of
any description
whatsoever; its authorized capital stock is $2,500,000, all of one class;
amount outstanding, $1,700,000. The properties are owned and controlled by ownership of entire capital stock, the following being the properties at present controlled by us:
Bangor (Me.) Gas Light Co. (V. 73, Peru (Ind.) American Gas Co.
p. 1161)
Portage (Wis.) Amer. Gas. Co
BurUngton (Vt.) Light & Power People's Gas Co., Pottstown, Pa.
Co. (V. 80, p. 1114).
Rockford (111.) Gas Lt. & Coke Co.
Canton (O .) Gas Lt & Coke Co
Steubenville (O.) Traction & Light
Kingston (N. Y.) Gas & Electric
Co. (V. 82, p. 806).
Co. (V. 80, p. 2347).
Waukesha (Wis.) Gas & Electric Co
President of the company is Morris W. Stroud.
V.82, p.|1214, 571.
1
.
,
.
.
I
—
I
—
—
American Hard Rubber Co., New York. Capital Stock.
This companjr was incorporated at Albany in 1898 with
$2,500,000 capital stock (V. 66,
p.
809).
In June 1905
Hard Rubber Co. of America was organized by the
same interests with $7,500,000 of authorized capital stock
the
[YOL.
LXXUL
which $2,500,000 was 8% cumulative preferred and
$5,000,000 common stock. The new company has pa,ssed
out of existence by merger with the American and the
American Hard Rubber Company's capitalization has been
increased to the amounts al)ove shown for the Hard Rubber
Co. of America.
At auction on March 21 1906 fiftj'-seven
shares of the preferred, par $100, were .sold at 80, and 114
shares of the common at 55.
President, Fritz Achelis;
Secretary, E. W. Belcher; Treasurer, Wm. W. Weitling.
Office, No. 9 Mercer Street, New York City.— V 74, p. 153.
of
River Electric Co. of California. —Bonds Offered.
—American
Status. — E. H. Rollins & Sons, Boston, &c., in offering at
101 and interest a block of the finst mortgage 5% sinking
fund 30-year gold bonds of .« 1,000 each, dated July 1 1903
and due July 1 1933 (interest payable Jan. 1 and July 1 in
San Francisco, Union Trust Co. of San Francisco, trustee),
say in brief:
Capitalization: Capital stock, par $50, $2,500,000. Bonds authorized,
The remaining $346,000 unissued
$1,000,000; bonds is.sued, $654,000.
may only be issued for improvements and then only when the net
earnings are twice the interest on all bonds outstanding and proposed to
be issued. The sinking fund will retire about 80% of the bonds before
maturity. Earnings for calendar year 1905: Gross, $114,353; expenses,
including insurance and taxes, $32,618; net, $81,735; total interest
charges, $25,685; balance, surplus, $56,050.
Has been doing a growing business for two years and supplies electricity
for lighting in Placerville and about half the current consumed in Stockton; also sells electric power to railroads, mines, gold dredges and other
concerns under long-term contracts. The company's power house is
situated at Placerville, on the American River in El Dorado County, Cal ,
and it has the exclusive right to use all of the water flowing in the American
River at its intake dam, situated about 7 miles above tliis power house,
with wliicli it is connected by a flume and ditch 7 miles in length; watershed of about 294 square miles. Power house is of concrete; main generating units two Westingliouse 1 ,500 K. W. generators, driven bj' double
Pelton wheels; total present capacit.v of generating machinery, 4,000
horse power, which can be increased by 1,500 horse power at comparatively small expense.
Three separate transmission lines run from the
power house, one to Stockton, 80 miles; one to Folsom, 30 miles, and one
supplying the hghts in Placerville, distant 4 miles from the power house,
a total of 114 miles now in service. A new transmission line is now under
construction from Folsom to a point near Sacramento, and thence to
Stockton, to cost about $60,000, and will give the company a double
transmission fine which will insure against the suspension of service due
to accidents.
The proceeds of these $150,000 bonds is to be used in the
construction of an emergency reservoir near the power house, and the
additional transmission fines above referred to, and can only be paid out
by the trustee for the actual cash expended on such work. The valuation of the property, including improvements mentioned above and water
rights, is stated to be $1 ,230,000, and we consider this valuation conservative.— V. 77, p. 1295; V. 81, p. 1102.
bonds
American Screw
—A
Providence, R.
Co.,
I.
— Dividend
In-
2%
creased.
quarterly dividend of
and an extra dividend
of
has been declared, payable on June 30 to holders
of record on June 20.
In June 1905 the annual dividend
rate was raised from
to 6%, and along with the distribution of 13^% paid Sept. 30 there was distributed an extra
dividend of one-half of 1%; also a dividend of
and one
extra of 3^% was paid on Dec. 30. In March last
was
paid.
The capital stock is $3,250,000, in $100 shares.
K%
4%
2%
Dividend Record 1888
45666
to
1905
4410355244
•88. '89. '90. '91. '92. '93. '94. '95. '96. '97. '98. '99. '00. '01.
P.C.4
— V.
81, p. 900.
5H
2%
02. '03. '04. "05.
6J4
American Sugar Refining Co. —Brooklyn Cooperage Co. —
See that company below. — V. 82, p. 1324.
Anaconda Copper Mining Co. — Dividend Increased. — This
company, a majority of whose $30,000,000 stock is owned
the Amalgamated Copper Co., has declared a quarterly
by
dividend of $1'373^ a share (par $25), payable July 18 to
holders of record July 7.
In January last a dividend of
873^ cents was paid and in April $1 12 1/^. The present
declaration is at the rate of 22% per annum, contrasting
with:
Calendar year
1898.
Total dividend (%) 10
1899.
13
1900.
16
1901.
13
1902.
4
1903.
4
1904.
4
1905.
8
Dividends in 1905 were: May 18, 75 cents, and Oct. 19,
See report under Amalgamated Copper Co. on an$1 25.
V. 82, p.
other page of this issue and in V. 82, p. 1373.
1153, 754.
Atlanta (Ga.) Steel Hoop Co. New Plant Mortgage.
This company's new steel plant has been placed in full operaA mortgage was recently made to the Trust Co. of
tion.
Georgia, as trustee, to secure an issue of $400,000 bonds.
The company started in business in 1901 and has produced hitherto
hoops, cotton ties, bars, bands and light steel rails, its total annual capacity in 1905 being reported as 20,000 tons. The new plant includes
two 35-ton open-hearth steel furnaces, Morgan rod miU, numerous wire
The site and plant are said to have cost over $1 ,000,nail machines, &c.
000, according to descriptive article in the "Manufacturers' Record" of
Baltimore for June 14 1906. S. T. Weyman is President and G.
Conners Secretary and Treasurer.
Barney & Smith Car Co., Dayton, Ohio. Bonds Offered.
P. J. Goodhart & Co., Cincinnati and New York, are offering
at 1023^% a block of the $2,000,000 first mortgage 30-year
5% gold bonds of $1,000 each, to be dated July 1 1906,
due July 1 1936, redeemable at any interest period at 110%;
A circular says in substance:
interest July 1 and Jan. 1.
Capital Stock: $2,500,000 8% cumulative preferred stock and $2,000,000 common stock. Incorporated May 31 1892 under the laws of West
Virginia, and acquired the entire property of the Barney & Smith Manufacturing Co., of Dayton, Ohio, established in 1849. Manufactures
—
—
—
—
W
—
—
parlor, sleeping, dining, freight of all kinds, both wood
and steel, or part wood and 'part steel, coal, refrigerator and other cars,
and also car wheels and castings. The property covers 53 acres of
gro\md at Dayton, Ohio. The buildings, 68 in number, are of stone
and brick. A new modern steel car plant has been built during the last
The investment
year, and the first cars were completed in January.
in timber land, saw mills, etc., in Cieorgia will supply the company with
yellow pine for years to come. In 1849 the total output was two cars.
The present capacity is from 25 to 35 freight cars per day, and the
passenger car capacity is from 40 to 50 cars a month. In thePyear
1900 l.SOOJmen were' employed and at the present time about 3,000
passenger,
June
THE CHRONICLE.
30 190G.]
are on the pay-roll. The output for the year ended March 31 1906 was
about $5,000,000, as against $2,000,000 in 1893, and with the added
capacity of the new steel car plant the prospects for the present fiscal
year are for a much larger volume of business. The net profits for the
past five years have averaged over $450, OoO per annum. President,
James D. Piatt; Vice-President, A. M. Kittredge; Superintendent, H.
M. Estabrook; Secretary-Treasurer, J. F. Kiefaber.
1499
This company and its ally, the Commonwealth Electric
Co., have announced a reduction in rates for electric light
to take effect on July 1, averaging, it is said, 11.8% as compared with the rates for 1905, and making the total reduction as compared with 1904, 25.4%.
—
—
Clinton (la.) Sugar Refining Co.
New Enterprise ConReport.
See "Annual Reports'! on a preceding page and
trolled by National Candy Co.
This company was incorcompare V. 82, p. 694, 989, 1042, 1158.
Bethlehem Steel Corporation. Listed. The New York porated in Iowa on June 7 1906 with $1,100,000 of auStock Exchange has listed $14,908,000 7% non-cumulative thorized capital stock, of which $500,000 is to be 7% cumupreferred stock and $14,862,000 common stock; also $3,500,- lative preferred, to manufacture glucose, grape sugar,
000 first extension mortgage 5% guaranteed sinking fund starch and resulting by-products, such as corn oil, oil cake,
coupon bonds of 1926 for $1,000 each, the committee being &c. The capital stock, except a very few shares held by
empowered to add from time to time, before Jan. 1 1907, directors, will be owned bj'' the National Candy Co. of
$8,500,000 additional, making the total amount authorized St. Louis (V. 80, p. 1002, &c.), heretofore a customer of
The $600,000 comthe Corn Products Refining interests.
See V. 82, p. 1039. 1050.
to be listed $12,000,000.
New Officers. At the annual meeting on June 27, General mon stock is all outstanding; no preferred issued as yet;
Superintendent Archibald Johnstone was elected Vice- par, $100. A mortgage has been made to the Mississippi
President to succeed E. M. Mcllvain, and H. S. Snyder, Valley Trust Co. of St. Louis, as trustee, to secure an issue
formerly Secretary and Treasurer, was made Second Vice- of $400,000 of 6% gold bonds.
Bonds dated June 1 1906, due June 1 1916, subject to call at any
B. H. Jones, Auditor,
President in place of A. E. Borie.
Interest Dec. 1 and June 1 at Clinton, la.
interest period at 102}^.
was promoted to the office of Treasurer and Secretary. Sinking fund $10,000 yearly, beginning Dec. 31 1907. These bonds
E. G. Grace was elected General Superintendent. Charles are not guaranteed by the National Candy Co. The plant will be located
M. Schwab is President and Chairman of the board. V. 82, on the Mississippi River and several railroads. It will be of brick, mill
—
—
—
—
—
p. 1050, 1039.
Md. —Bonds. —
Blue Ridge Knitting Co., Hagerstown,
This company has made a mortgage to secure 6% 10-year
first mortgage gold bonds, of which $100,000, it is said, will
be issued.
StocK authorized, $150,000; issued. $125,000, all of one class: par, $100. Bonds
dated July 1 1906. due July 1 1916, but subject to call July 1 1909 at par; denomination $1,000. Trustees, Norman Scott and Roger T. Edmonds, attorneys, and M. P.
MoUer. Interest payable July 1 and Jan. 1 at Mechanics' Loan & Savings Association.
No underlying bonds. Company incorporated in Maryland in 1899 to manuPresident,
facture hosiery
Mills at Meehanicsburg. Pa., and Hagerstown, Md.
Jacob Boessner; Secretary and Treasurer, S. H. Weihenmayer.
—
construction, capacity about 8,000 bushels of corn per day, and is expected to be in operation by the end of the year. President, O. H.
Peckham; Vice-Pres., V. L. Rice; Sec, A. J. Walter; Treas., I. D.
Seward; Gen. Man., A. H. Kersting, formerly Vice-President of the
Warner Sugar Refining Co., the stock of which was recently acquired by
the Corn Products Refining Co.
Commonwealth Electric Co.
year ending March 31 were:
Year.
1905-06
1904-05
—
Rates.
Boston Wharf Co. Dividend. A regular semi-annual
dividend of 73^% ($1 50 per share) is payable to-day
(June 30) to stockholders of record June 23. The same rate
was paid in 1905. Compare V. 82, p. 1441.
Brooklyn (N. Y.) Cooperage Co. Status. This company,
which, it is understood, has passed under the control of
American Sugar Refining Co. (V. 82, p. 571), held its last
annual meeting Dec. 30 1905, and on Feb. 8 1906 filed the
following with the Massachusetts authorities:
—Report. —The results for the
Gross.
Oper.exp.,ii:c.
Net.
$2,507,772
1,816,765
$1,803,214
1,228,403
$704,558
588,362
Interest.
Bal., sur,
$363,888
305,069
$340,670
283,293
— See Chicago Edison Co. above. — V. 82,
p. 1441.
—
Consolidated Electric Light Co., Portland, Me. Change
Hydro-Electric Plant.
A syndicate including
in Control
A. B. Leach & Co. of New York and several Maine capitalists, it is understood, have arranged to acquire control of
this company on the basis of $600,000 for the $500,000
capital, and, it is said, will acquire for $500,000 all the
outstanding bonds (V. 82, p. 1214). Carl P. Dennett, of
Portland, who negotiated the purchase, is quoted as saying:
Liabilities ($2,600,603)
We propose to build a modern power plant within 18 miles
Assets ($2,600,603)
Land, bldgs. & machinery-$100,000 Capital stock
$100 ,000 of Portland on the Saco River, at a cost of something over
Cash and debts receivable. 910,361 Accounts payable
2,500,603
We propose also to bring into Portland 3,000
$500,000.
Manufactures & merch'ts. 1.590. 242
additional electric horse-power for commercial purposes.
Cambria Steel Co. Official Statement. Chairman EfWe have not purchased the Portland Electric Co., although
fingham B. Morris has kindly revised the following:
—
—
betterments and extensions
These expenditures will
cover all parts of the plant so that each department may be balanced in
the
next
years earnings should
relation
to
the
other.
If
during
two
f>roper
nerease so phenomenally as to warrant an increased dividend, after paying for the.se expenditures, it would, of course, be considered, but it is
the first wish of the managers to jput and keep the plant in proper condition.
It is proposed to build the eighth blast furnace at Johnstown,
costing $1,000,000; additions to the water plant will cost $2,000,000.
Other improvements will cost another $2,000,000. It is understood that
These
of the required $5,000,000 about $3,000,000 cash is now in bank.
expenditures will be made out of earnings. V. 82, p. 689.
It is desired to
spend at
least $5,000,000 in
any dividend increase
considered.
is
,
—
—Report. —The
&
Coke Co., Kansas City.
Central Coal
results for the year ending June 1 were:
Year.
Net.
1905-1906..1904-1905
—V.
$1,304,418
984,353
Preferred. Common. Balance.
Charges. Div. (5%) Dw'.(()%) Surplus.
$569,283 $93,750 $307,500 $3:J3,885
491,088
Telephone
—Home
Mortgage. — This
Central
92,015
307,500
93,750
81, p. 152.
Company
Co., Louisville,
company was
Ky.
— Holding
recently
incor-
porated under the laws of Delaware with $5,000,000 of
authorized capital stock and made a mortgage to the Columbia Finance & Trust Co. of Louisville, as trustee, to secure
an issue of $5,000,000 bonds.
The company has taken over a controlling Interest in stocks and bonds (In case
there be a bond issue) of the Independent Telephone Companies in the following
towns and cities: Paducah, Mayfleld Benton Hoj)kinsville. Guthrie, Salem.
Providence, Clay, Marion. Owensboro, P.aris Carlisle, Cynthiana and Maysville in
Kentucky: Seymour, Bedford, Bloomington, Washington and \'inconiie.s in Indiana.
It has also taken a controlling interest in the Independent Long Distance Telephone
& Telegraph Co ., whose lines operate in Kentucky and Southern Indiana, and include
an ownership of the local telephone plants ot Frankfort, Ver.sailles and Carrollton,
Ky.
It also has under construction about 700 pole-lino miles of long-distance copper
the State of Kentucky, operating in the .aggregate about IS, 000 telephones
lines
and about 1,400 pole-line miles of long distance. While primarily a holding company, it is also a building and operating company, and its mortgage covers tangible
property, as well as underlying securities. E. L. Barber ot Wauseon, Ohio, is President; J. D. Powers of Louisville. Ky., Treasurer; and J. C. Montetth ot Bloomington,
Ind., Secretary. The general offices are in the
Telephone Building, Louis-
m
Home
Ky.
Bonds are
ville.
mortgage gold 5s, authorized amount $5,000,000, outstanding
$1,.300.000, dated .Jan. 1 1906, due ,Ian. 1 1920, but subject to call as a whole at
105 after 5 years; Interest payable Jan. and July: denominations. $100. $500 and
Interest is
$1,000: Columbia Finance & Trust Co. ot Louisville, mortgage trustee.
payable at office of trustee and Bank of America, New York. Sinking ftmd ?4%
annually from tlic 3rd to the 10th year; thereafter 1% aniuially. Ot the $5,000,000
authorized stock, all ot one cl.ass. .$1,300,000 is outstanding: par ot shares, $100 each.
first
Co. — Quarterly. —
Central & South American Telegraph
The results for the quarter and the six months ending
June 30 (partly estimated) were:
Gross.
3 mos.
1906 (est.).. $3.53 ,000
1905 (est.).. 300,000
6 mos.
1906 (est.) -.$695 ,000
1905 (est.)-. 611,500
Net.
Oih.inr.
$246,000
194,500
$6,000
8,000
$479,000
403,000
$12,000
15,500
Dividends.
(1
,
sur.
115.884
)$231 ,768
$2.59,232
(1H%)
(3<>v
Bal.
$136,116
86,616
J^%)$115,884
186.732
(3%) 231,768
Total surplus June 30 1900 (estimated) was $1,6.56,749.
Report.
See a preceding page.
V, 82, p. 1325.
Chicago Edison Co. Report. The results for the year
ending March 31 were:
—
Year.
tgO.I-Oe
1904-05
—V.
—
—
—
Oross.
Net.
$4,744,823
4,051,082
$1,550,025
1,423,614
82, p. 1441. 511.
—
—
—
before
—
Interest.
$363,976
360,232
Div's.(.S%) Bal., sur.
$887,556
789,262
$298,493
274,120
we are in negotiation for it.
The directois of the Consolidated
circular
stance:
Electric Light Co., in a
to sell, say in sub-
recommending the shareholders
A proposition has been made for the purchase of the .stock at the rate
of $12 per share (par $10), provided there be deposited in the Portland
National Bank a majority of all the stock on or before noon of June
29 1906.
Further deposits of stock may be made up to July 20 1906.
Payment for the stock will be made on or before Aug. 15 1906. Stockholders depositing stock wiU receive the July 1906 dividend.
1214.
—
— V. 82, p.
—
Consolidated Indiana Coal Co. Listed. The New York
Stock Exchange has listed $2,500,000 first mortgage 30-year
sinking fund 5% bonds of 1935 (see V. 80, p. 2401, 2623),
guaranteed as follows:
"For a valuable consideration, the receipt whereof is hereby acknowledged, the Chicago Rock Island & Pacific Ry. Co. hereby guarantees to
the holders of the coupons attached to the within bond, or, if .said bond
be registered as to interest as well as to principal, to the registered holder
of said bond, due and punctual payment of the interest payable upon the
within bond according to its tenor and effect. In witness whereof, said
"
company has executed this guaranty. (Signed.)—V. 82, p. 454.
—
Corona (Cal.) Power & Water Co. Guaranteed Bonds.—
In offering a block of the first mortgage gold 6% bonds at
92 and interest, the Merchants' Trust Co. of Los Angeles,
last February, said:
Bonds authorized, $250,000; outstanding,
Capital stock, $250,000.
$220,000, dated Feb. 28 1903, due March 1 1923, denomination $1,000.
Non-optional. Interest payable March 1 and Sept. 1 at Los Angeles
Trust Co., Los Angeles, Cal., trustee. Secured by a first mortgage on
3,162 acres of water-bearing land in Riverside Coimty, a modern steam
and electric power plant of 600 horse-power, several miles of power-transmission fines, and pumping stations operated from the central power
plant,
(juaranteed, both principal and interest, by the Temescal
Water Co., to which corporation the property was .sold by the Corona
Power & Water Co., and the guarantee is .secured by a second mortgage
on all the property of the Temescal Water Co. The first mort. (6%) bonds
of the Temescal Water Co., amounting to $350,000, are .serial bonds,
$20,000 being due and payable in 1907, and $20,000 a year for the next
succeeding four vears, then $25,000 a year for the next ten years. In
1921 the bonds of the Corona Power & Water Co. will be a first lien, not
only on the original property, but upon the entire system of the Temescal
Water Co. as well. (Temescal inlerest is payable Apr. and Oct. Ed.)
—V. 76, p. 754.
—
Delaware River Transportation Co. —Purchase — Mortgage.
—This company, incorporated in New Jersey on April 3 with
$350,000 capital stock, as successor of the Delaware River
Navigation Co., operating four steamboats on the upper
Delaware, recently made u mortgage to the Fidelity Trust
Co. of Philadelphia, as trustee, to secure an is.sue of $225,000
5% gold bonds of $500 each, dated April 2 1906, all out.
The capital stork, all of which Is outstanding, consists of $200,000 common and
$150,000 6% cumulative preferred; par ot .shares^ $100. The bonds will mattire
annual instalments on Apr. 1 ;vs follows: 1907. $5,000: lOOS. $.'i.000: 1<)00, $10,000: 1010. $10,000: liUl, $l.''.,000: UU2 to 1921, $1S,0I)0 yearly, but subject to call
on any Interest day at 105 upon flO days' notice. OIUcits: rresldeiit David V.an
Odlce, Cliestnul St. Wharf, Philafllcaf; Secretary aiid Treasurer, M. H. Perkins.
In
delphia.
The company last year handled over :!00,000 piussongera. The line connects at
Trenton with the electric railway for New Urun.swick. ICIlzabeth. Newark, .Jersey
City and New York: at I'hlladelplilal with the Boston Steamship ("o. the Merchant^'
* Miners' Tr.ansportatlon ("o., the i;rics.son Line the WIlmlnKton Line, the Baltl
more & Ohio Rll. and the Kanawha Ulsiiatcli. ["relKht is bille<i from Trenton ana
THE CHRONICLE.
1500
olluT points on the I'pper Delawuri; llirouK'h these connections to
and West.
Co. — Plan
all
points East
—
Fails.
The receivers
the assenting shareholders announcing the failure of the intending purchasers to consummate
it is hoped that a
their plan for taking over tiie propert3^
reorganization plan can be arranged before the propmty is
V. 82. p. 1442.
sold under order of the c(»urt.
Dominion Iron & Steel Co. Report. The results for the
fiscal year ending May 'M 190(5 comjjare witli those for the
5 months ending May ',il 1905 and the calendar year as fol-
Diamond
State
Steel
uiit circulars to
have sent
—
—
lows
Profit
on Sales
Period Cofered
Year ond. May
5 mos. end
.
31 1900. .$1,396,570
31 1905360,0()3
May
Calendar year 1904
124,755
Rents
&c.
$9,730
4.796
9.408
Balance,
Net Income. & Sink.Fd. sur or del.
S1.40r>.30()
S753.711 Sur.$<i52,595
299.327 Sur. 7 1,532
370,859
134.103
643,167 Det. 509,004
Total
Interest
.
May
'.M 1906 was $;iG9,114, against
President Plummcr is quoted as
saying at the annual meeting on June 28 that no plan of
reorganization is contemplated, and that he expects that the
company will soon be able to resume dividends on the
cumulative preferred stock. V. 81, p. 1549.
Duluth Edison Electric Co. Dividend. The company
has declared a quarterly dividend of 1J^% on its preferred
See parstock, payable July 1 to holders of record June 25.
ticulars in V. 82, p. 572, 989, 1442.
Eastern Parkway Co., Brooklyn.— Ca//ed Bonds. Eleven
first mortgage 5% bonds, aggregating $2,000 (sic), have been
called for redemption on Julv 1 at the New York Trust Co.
Compare V. 79, p. 682.
Federal Telephone Co. Subscription Rights, &c. The
shareholders will meet July 2 to correct a mistake in the circular which was cited in V. 82, p. 1442, the subscription
price "per portion" having been stated as $166 75, whereas
$1,667 50 is the correct amount. This proposed sale of the
remaining assets to a syndicate (to which the shareholders
are allowed to subscribe) will be made at a price just sufficient
to pay the outstanding debts, so that the stockholdeis who
do not take part in the syndicate will, it is stated, receive
nothing in the liquidation. A circular issued by Secretary
and Treasurer James B. Hoge on June 21 says in part:
Profit and loss deficit
def. $1,021,709 in 1905.
—
7%
—
—
—
—
—
Upon the completion of Mr. Brailey's contract, the Federal Telephone
Co. will owe approximately $1,667,500, payment of which must be provided for in installments at the times inrlicated in circular letter of June 15.
Unle.ss the stockholders join in the proposed underwriting, it will be
necessary to dispose of the retained securities in the open market, which
it is believed would materially lessen the amount that would be realized.
Compare V. 82, p. 1442, 1271.
—
—
Furnace Creek Copper Co., Cal. Stock. Of this company's capital stock, authorized issue $1,250,000, $500,000
has recently been sold for betterments and improvements.
The company's new machinery was put in operation June 20.
The stock, we are informed, is dealt in at New York, Boston,
Spokane, Los Angeles and San Francisco, but it is not listed,
as erroneously reported to the "Chronicle."
V. 82, p. 1215.
Globe-Wernicke Co. Increase in Common Stock Stock
Dividend.
The stockholders on June 26 ratified the increass
in the common stock from $1,500,000 to $2,500,000.
Of the
new stock, $500,000, it is reported, will be issued as a stock
dividend of 33 1-3% to the holders of the outstanding
common stock, the remaining $500,000 to be held for future
purposes.
V. 82, p. 1272.
Illinois Brick Co.
Dividend Passed. The directors on
June 26 decided to declare no dividend at the present time.
This is the result of increased competition and the cutting
of pi'ices.
A circular signed by President Prussing, showing
the present .status, will be i.ssued next week. See National
Brick Co., V. 82, p. 933.— V. 82, p. 390, 337.
Iowa Light, Heat & Power Co., Des Moines. Sold. At
the adjourned foreclosure sale at Des Moines on June 20 the
property was bid in by J. G. Rounds, one of the bondholders,
—
—
—
—
—
—
—
—
for $13,540.
Compare V.
Lehigh Coal
mum
&
—
81, p. 1852.
among
the stockholders petitioning the voting trustees to
raise the minimum selling price of the property from $135
a share to $200. One of the trustees heartily favors such a
change.
—
Sold.
The sale of the Tamaqua & Lansford Street Ry. as a
part of the eon.solidation of str-eet railway, electric light and
gas properties in and around Pottsville, Pa., under the name
of the Eastern Pennsylvania Railways, was noted in the
"Chronicle" last week. The Lehigh Coal & Navigation Co.,
it is r-eported, will I'eeeive for its holdings in cash all it originally paid and in addition $500,000 in secur-ities of the newconsolidated company.
V. 82, p. 1044, 556.
—
Lehigh-Northampton Gas & Electric Co. of Catasauqua,
Pa. Foreclosure. The People's Bank of Wilkes-Barre, as
trustee for the bondholders, on June 20 filed a bill in equity
against the Lehigh-Northampton Co. and its contr'olled
properties
the Lehigh County Electr-ic Co.; the People's
Gas Co. of Lehigh Co.; the Northampton Co. Electric Co.,
and the Consumer's Gas Co. of Northampton Co. to
—
Dated Nov. 1 1905; maturiuK Nov. 1 19.'}-j; ojilional ujjoii any interest
'lay at 105 and interest on tJO days' notice.
Uenomination .?1,000. Interest payable May 1 and Nov. 1 at the First 'I'ru.st
.Savings Bank,
('liicuKo. trustee.
Financial .Statement: Capital stock, 8150,000. Bonds:
total authorized issue, $400,000; reserved to retire underlvinj? lien (V. 70,
p. 1098), $200,000; re.served for future benefits. $1.50,000: now issued,
$.50,000.
Earninss for year ending Jan. .31 1906: Gro^s, $97,698; net,.
.§26,570; interest charges, 1905, $10,000: surplus, $16,570.
Based upon
the present earnings, the net earnings for the year ending Nov. 1 1906 will
be in excess of $.30,000.
Tlie interest charges for the corresijon'ling year
will be .?! 2,500. leaving a surplus in e.xcess of $17,500.
Tile city has a
])opulati()n of about 15.000, and is located in the midst of .Minnesota's
\'.
109s.
best wheat .section.
Coiiipan70. ]>.
&
—
Merchants' Refrigerating Co., Kansas City, Mo. Bonds:
The H. P. W'riglit Investment Co., Kan.sas City,
Mo., is offering at par and interest by advertisement on another page a block of the .'5200,000 fiist mortgage 6% bonds
dated Oct. 30 1905 and due Oct. 30 1920 but optional after
Offered.
—
1907 at 1021^.
Capital stock, $300,000; net earnings for 1905, $43,847.
Net earnings for first 5 months 1905, $27,183; interest on
bonds for same period, $5,000.
President J. E. Bradj'^ under date of June 11 writes:
This bond issue was made necessar.v by the demand both for cold storage and for pipe-line refrigeration in the district covered by the company's
franchise.
It was thought better to build a large new plant with capacity
ample for many years rather than to make additions to the old plant,
which for a number of months has been loaded continuou.sly to its absolute limit.
We have been suppl.ving refrigeration to customers for nearly
three years in the territory covered by our pipe .system, and we are now
supplying in that district about 98"^ of the entire refrigeration used,
having replaced the use of ice almost entirel.v. Our present warehouse
at 550-552 Walnut St. contains cold storage rooms which we rent for the
storage of all sorts of i)erishable produce. This warehouse is filled at all
times.
We have also contracted for all of the available space in our new
five-story cold storage warehouse on Third and Wyandotte streets, beginning as soon as we are prepared to furnish .service, which will be not
later than Oct. 1 next.
(This new warehouse, it is stated, is being built
under a 25-year lease and will cost about $150,000. It contains 1 ,200,000
cubic feet of cold storage.
Ed.) Our new power plant has a capacity
of three times the present requirements. Both warehouses are as nearly
fireproof as can reasonabl.y be made and our power plant is supposed to
be absolutely fireproof. A full line of insurance is carried and deposited
with the Pioneer Trust Co.. assigned for the benefit of the bondholders.
Our franchise runs until 1932 and covers the district bounded by the
Missouri River, the State Line, 23rd St. and Troost Ave.; we pay the city
2% of our gross revenue from pipe line service as a franchise tax. Our
distributing system contains about 8 miles of underground pipes.
V. 82,
—
—
p. 573.
Mexican Petroleum Co.
— Xew Stock. — The shareholders,
announced, were recently offered the right
to subscribe
additional capital stock, in other words. $406,250,
on the basis of 81^ shares of the new stock for each 1,000
shares owned.
The stock was to be taken at par (one dollar
per share), 10% to be paid with the subscription and the rest
when needed; probably 25% every 60 days thereafter until
paid for. Compare V. 79, p. 788.
Mexican Telegraph Co. Quarterly. The results for the
quarter and the six months ending June 30 (partly estiit is
for
83^%
,
—
—
mated) compare as follows:
3 mos.
Gross.
1906 (est.). .$193,500
1905 (est.)154,500
.
Mex.Gov.
Dividends.
$165,500
127,500
$7,500
6,000
(2H%)$71,747
{2H%H7M5
Bal.,sur.
$86,253
73,685
$322,000
275,600
$15,000
12,000
(5<^c)$119,.562
8187,438
Net.
6 monttis.
1906 (est.)- .$3 77, .500
1905 (est.). 326,600
167,970
(5%) 95,630
Total surplus on June 30 1906 (estimated) was $2,193,734.
Report.— ^Qe a preceding page.— V. 82, p. 1382, 1104.
.
—
—
Michigan State Telephone Co. Listed. The New York
Stock Exchange has listed $3,500,000 common stock voting
trust certificates, $5,655,000 first mortgage 20-j^ear 5%
bonds of 1924 for $1,000 and $.500 each and $2,285,000 6%
cumulative preferred stock. Compare V. 82, p. 1382, 1378.
Mishawaka (Ind.) Woolen Manufacturing Co.^Sale.
See United States Rubber Co. below.— V. 82, p. 573.
National Candy Co., St. Louis. New Subsidiary. See
Clinton (la.) Sugar Refining Co. above.
V. 80, p. 1061.
National Carbon Co.
Dividends on Common Stock.
The
directors have declared a dividend of 1% on the common
stock, payable July 14 to stockholders of record July 3.
On Jan. 15 1906 2% was paid and on April 14 1"^, making i% thus far
—
—
—
—
—
•
—
Navigation Co. Petition to Increase MiniSelling Price.
A paper has recently been circulated
—
[Vol. Lxxxii.
—
—
—
foreclose the several mortgages
made in 1900,
gating $2,50,000.
A. N. Ulrich is now receiver.
pare V. 80, p. 166; V. 71, p. 33.
aggre-
Com-
declared for the calendar year, or 2% on account of the fiscal year commencing Feb. 1 last. In 1905 3% was paid, viz., 1 }^% each in January
and July, being the only previous dividends. No regular periods are mentioned in making distributions on the common stock, but the fact that
the dividend paid in January 1906 was understood to be a semi-annual
one and two di\ndends of 1% each have been declared at quarterly intervals since, seems to indicate a policy of paving quarterly dividends, the
present rate being 4%.— V. 82, p. 1326. 508.
&
—
Mr. Bioren a DiElectric Co. of Detroit.
Bior-en has been elected a dierctor to repinterests of the newlj-issued IS-months con-
National Gas
rector.
— John
S.
resent the
vertible gold notes recently pur-chased bv Bioren & Co. and
Townsend Whelen & Co., both of PhUadelpiiia. See V.
82, p. 1382.
—
—
National Refining Co., Cleveland. Xew Stock. The
shareliolders of tlii.s independent oil company are to vote todaj' (June 30) on increasing the capital stock from .$2,000,000
to $5,000,000. viz.: the common stock fr-om $7.50,000 to
$2,000,000 and the preferred from $1,250,000 to $3,000,000.
Compar-e V. 80, p. 716, V. 73, p. 960.
Ohio
—
&
Indiana Consolidated Natural
&
Illuminating Gas
—
The
in Default but only on" in Receiver's Hands.
For-t Waj-ne (Ind.) Gas Co., as stated last week, was on
June 21 ordered to be turned over to Henry C. Paul of Fort
Co.
.4//
Wayne, as receiver, the interest due Jan. 1 on its $2,000,000
bonds being in default. All the other subsidiaiy companies
Mason, Lewis & Co., Boston, Chicago and Philadelphia, have defaulted on interest payments, but our impression
recently offered at par and interest $50,000 "con.solidated that they were in receivers' hands was incorrect.
V. 82,
and refunding mortgage" 5% gold bonds. A circular savs: p. 1443.
Mankato (Minn.) Gas
—
&
Electric Light Co.
—Bonds Offered.
—
June
THE CHRONICLE.
30 190G.
—
—
Osceola Consolidated Mining Co. Dividend Increased.
Th(> company on June 25 declared a semi-annual dividend
of $G per $25 share, payable July 27 to holdeis of record
July 5.
On Jan. 31 1906 $4 per share was paid.— V. 82,
p. 513; V. 81, p. 1853.
Change in Control.
Electric Light Co.
Peoria (111.) Gas
The interest of John R. Walsh in this property, including a
majority of the $2, .500, 000 capital stock, has been purchased
at a price said to be 60 cents on the dollar, by a syndicate
represented bj' Hodenpyl, Walbridge & Co. of New York.
—
&
—
Possession will be taken about July
216.— V.
82, p. 51.
Compare V.
1.
79, p.
—
—
—
—
Portland (Me.) Electric Light Co. Option. See Consolidated Electric Light Co. of Portland above. V. 69, p. 554.
Republic Iron & Steel Co. Listed. The New York Stock
Exchange has listed $8,625,000 5% first mortgage and collateral trust sinking fund bonds of 1934.
The net earnings for the nine months ending March 31
1906, after deducting each month the expenditures for ordinary repairs, renewals and maintenance of plants, were:
—
$284,796
July 1905
$ 82 ,840 December 1905
199,396 [January 1906
August 1905
392,3.30
1906
[February
225,121
September 1905
377,357
311,101 March 1906
October 1905
413,273
November 1905
337,1651
Total net earnings for 9 month.s
$2,623,379
Deduct Interest. 9 months on coll. trust notes & 1st mtg. bonds. $370 ,972
Dividends on preferred stock (8^ %)
1 ,760,958
I
—
9 months
—Surplus
V. 82,p. 1215,1045.
for
$491,449
-
—
Riverside (Cal.) Home Telephone & Telegraph Co.
Finances.
First mortgage 5% sinking fund gold bonds
were offered last February at 85 and interest by the Merchants' Trust Co. of Los Angeles, which said:
Bonds authorized, .$500,000; outstanding, $215,000, dated Nov. 1
Denomination $500. Interest payable May 1
1904; due Nov. 1 1934.
and Nov. 1 at National Bank of California, Los Angeles, Cal., or First
National Bank, Riverside, Cal. Trustee, Title Insurance & Trust Co.,
Los Angeles, Cal. Beginning Nov. 1 1909, a sinking fund out of net
earnings (and before dividends upon stock) shall receive a sum annually
not less than 2% of then outstanding bonded debt. Franchise dated
April 9 1895, and running for 25 years, exempts the company from the
payment of any percentage of its income to the city. The company is
—
4% dividends on its stock (stock authorized 8500,000; issued,
|220,000; dividends j)ayable quarterly in March &c.
paying
Rockwood &
Co.,
Brooklyn, N.
Y.—New
Stock.— The
shareholders were to meet at the office. No. 88 Washington Av., Brooklyn, N. Y., June 27 1906, to vote upon a
proposition to increase the capital stock from $525,000 to
$750,000, by increasing the amount of the first preferred
from 1,000 shares to 3.250 shares of the par value of $100
The company manufactures chocolate. Wallace T.
each.
Jones is President, C. T. Pierce Secretary.
Southern States Lumber Co. Called Bonds. Thirty-four
first mortgage bonds are payable at $1,025 per bond, with
accrued interest, at the Knickerbocker Trust Co., No. 66
Broadway, on July 1 1906.— V. 81, p. 1796.
Spring Valley Coal Co.— Called Bonds.— Fifty of the first
mortgage 5% gold bonds of 1889 will be paid at the New York
Trust Co. at 102}^, ex-July 1 1906 coupon, on and after
July 1 1906, interest cea,sing on that day.— V. 81, p. 1796.
(The)Surbrug Co., Tobacco Manuf., N.Y. Stock Offered.
T. W. Stephen.s & ^Co. 2 Wall St. are offering at par ($100
per share) $100,000 7% cumulative preferred stock, recently
issued to provide "for the rapidly increasing business and to
enable the company to discount its obligations." This
stock is redeemable after 5 years at 105; preferred as to dividends and assets, but without voting power.
—
—
—
—
,
,
Capitalization: Common stock,: $200,000; preferred stock, $100,000;
bonds, none. Formed in 1895, taking over the business started by the
Leading brands, "Golden Sceptre" smoking tolate John K. Surbrvig.
bacco (introduced nearly fifty years ago), "Arcadia" brand and "Mile"
and "Arab" cigarettes, all staples. Net earnings for 1905 over $56,000;
sales for the first four and a half months of 1906 fully double the sales
for the same period in 1905.
Has paid dividends for many years of 6%
and accumulated a surplus of $126,000.
Total Sales.
1894
.$96,20311898
1895
102,65011899
1896
101,19611900
1897
142,32511901
Total business Dec. 15 1905 to
amount
$132,349 11902
$400,792
146,876 1903
423,242
207,789|l904
432,501
312,725 1905
564,541
May 1 1906, $270,000; estimated
1
of sales 1906, over $1,000,000.
1501
stock, authorized and issued, $1,000,000; total amount of bonds outstanding (i.ssue limited to S2,000,000j, $1,000,000.
1901.
1902.
1904.
1905.
1903.
Cu.ft.gasmade34,708,100 40,872,800 50,976,400 60,487,000 71,411,060
Price of gas_-$140
$190
$180
$165
$1.50
Miles of mains.
24.67
27.52
46.55
29.92
39.20
Grcss earn'gs.$57,892
$66,232
$106,553
$73,781
$95,152
For the three months ending March 31 1906 the gross earnings were
$27,490; operating expen.ses, $12,601; net earnings, $14,889; interest
charge, $4,888; balance, $10,001.
Estimated gross earnings for calendar
year 1906, $125,000; estimated net earnings at least $70,000, or double
the bond-interest charge. The company's mains now cover but a comparatively small zone of the city, and the new management is taking
active and energetic steps to add to the sale of its product.
Charter runs
The franchise was granted for a period of 50 years, or until
until 1945.
1934, and is broad and liberal in its terms, with no restrictions whatsoPopulation 1900 (U. S. Census), 37,714; 1905 (local enumeration),
ever.
(The company recently succeeded to
74,870; 1906, 80,000 (estimated).
the gas plant, &c., of the Tacoma Gas & Electric Light Co. (V. 80, p.
1001), and $441,000 of the above-mentioned bonds are reserved to retire at or before maturity a like amount of bonds of that company,
known as "gas extension" first mortgage 5% gold bonds dated May 1
1905.— Ed.)
—
—
Tamarack Mining Co. Dividend. A dividend of $2 per
share has been declared, payable July 31 to stockholders of
record July 2, comparing with $3 paid on Jan. 25 la.st and
$2 in July 1905. The last preceding dividend was $1 50,
paid in Jan. 1904, none having been paid prior thereto since
1901.— V. 82, p. 808.
Tri-State
Merger.
Telephone
—This
&
Telegraph
Co.,
Minneapolis.
company, incorporated under the laws
—
of
in 1903 with $6,000,000 of authorized capital stock
(par value of shares $10), of which $5,000,000 is to be
non-cumulative preferred, to construct telephone lines in
Maine
6%
North and South Dakota and Minnesota, recently took over
the franchises and property of the Twin-City Telephone Co.
of Minneapolis and St. Paul, having arranged to acquire its
stock ($1,500,000 outstanding) by exchange, $1,000 Twin
City for $1,167 Tri-State.
The companies were closely allied, E. H. Moulton of Minneapolis
being President of both. The Twin City Company had paid 17 quarterly
dividends at the rate of 7% per annum. The Tri-State Company in
June 1906 had paid 12 quarterly dividends on its preferred shares. The
Twin City Company had outstanding $1,000,000 bonds (compare V. 76,
There is at present,
p. 51); the Tri-State Company has issued no bonds.
stated, $1,000,000 of the preferred stock of the Tri-State Co. outstanding; the $1,000,000 common stock is in the hands of a trustee for
some purpose. The total number of 'phones in the two cities is 20,541;
with 2,500 miles of pole lines. Amalgamation for sake of economy,
saving estimated by the officials at $25,000 per year.
it is
—
—
United Copper Co. Extra Dividend. The directors, having previously set aside the amount necessary for the payment of the regular dividends on the preferred stock during
the year 1906, have declared from the profits the regular
quarterly dividend of 13^% and an extra dividend of 3^%
on the common stock, payable July 31 1906 to stockholders
of record July 20 1906.— V. 82, p. 1320, 991.
States Long Distance Telephone Co., California.
—United
Bonds Offered— Status. — The Merchants Trust Co., Los
Angeles, recently offered at 92 and interest a block of 5%
sinking fund gold bonds, authorized issue, $1,000,000; outA circular says:
standing, $550,000.
Dated Dec. 1 1903, due Jan. 1 1934. Denomination $1,000. Interest
payable Jan. 1 and July 1 at National Bank of California, Los Angeles,
Trustee, Title Insurance &
Cal., and National City Bank, New York.
Trust Co., Los Angeles, Cal. From Dec. 1 1904 to June 30 1905 inclusive, gross earnings, $37,284; operating and maintenance expenses (including taxes. $14,308; net earnings, $22,976; interest on outstanding ($450,000) bonds, $13,125; balance, surplus, $9,851. Two per cent of the net
earnings are set aside each year, lieginning Jan. 1 1909, for the redemption
"Bonds can be redeemtdjat the price of 105 and interest,
of the bonds.
or at a higher price if in the judgment of the trustee it is desirable."
The company owns the lines connecting 1 10 towns in Southern California,
lying between Santa Barbara on the north and San Diego on the South.
It is paying a quarterly dividend at the rate of 4% per annum on its
Has exclusive con($500,000) pref. stock (quarterly in February, &c.)
tracts with various home companies.
—
United States Rubber Co. Purchase
"Boston News Bureau" says:
of Competitors.
— The
We are informed that the purchase of the Mishawaka Woolen Manufacturing Co. (compare V. 82, p. 573) for the United States Rubber Co.
was made through the Meyer Rubber Co., one of the subsidiary companies of the United States Rubber Co.; $7,000,000 was the price paid.
A suit against the leading stockholders of the Mi.shawaka Co. for a commission in negotiating the deal to the United States Co. was recently
brought in Indianapolis by D. B. Shepp, Horace Rhawn and N. A. Flood
of Philadelphia, to recover a commission of $500,000 covering the sale.
We understand that in tlie purchase of the Atlantic Rubber Shoe Co.,
for which $400,000 was paid, title to the property was taken by Assistant
V. 82
Treasurer McGuffog of the Rubber Goods Manufacturing Co.
p. 1216. 1100.
—
—
—
^A New Jersey incorporation. New York office, 132 Reade
United States Telephone Co., Ohio. New Stock. The
President, John W. Surbrug; Treasurer, Walter H.
St.
shareholders on 'June IS voted to increase the issue of comJones.
mon stock from $2,000,000 to $4,000,000 and the preferred
Standard Rope & Twine Co. Payment of Outstandinq stock from $500,000 to $1,000,000. There is now outstandBonds.
The Manhattan Trust Co., on or before July 11, ing all the $1,000,000 preferred and $3,100,000 of the $4,000,will pay to the holdeis of the outstanding first mortgage 000 common.
Par value of share s is $100 each, the proposal
bonds, on presentation of the same, the amount due thereon to change this having been abandoned.
Bonds $2,500,000;
from the proceeds of the foreclosure sale, namely $319 05 outstanding $2,100,000. The stock is to be pooled for a
on each $1,000 bond, including overdue coupons. V. 82, period of five years and pending the issue of the voting
—
—
—
p. 872, 809.
—
—
trustees' certificates
interim certificates for both classes of
shares have b(>en listed on the Cincinnati Stock Exchange.
Tacoma (Wash.) Gas & Electric Light Co. Successor.
Sec V. 82, p. 1274, for recent acquisitions, which, it is said,
See Tacoma (ias Light Co. below.
V. 80, p. 1001.
Tacoma (Wash.) Gas Light Qo.— Bonds Offered.— F.. H. have in operation over 17,000 telephones.
Common Stork on 3% Basis. The directors on June 11 deGay & Co., Boston, New York, &c., are offering at 97*^ and
—
—
5%
interest $.500,000
20-year refunding mortgage gold bonds
of $1,000 each, dated June 1 1906, due June 1 1926.
Coupons
Sayable June 1 and Dec. 1 in Boston. City Trust Co. of
ioston, trustee.
A circular says in substance:
'•The above bonds have been issued in payment for all the property,
rights and franchises of the company, and, together with those covered
by a deposit in escrow (callable on atiy interest date), constitute a first
lien on all property now owned or hereafter to be acquired.
Capital
%
of 1% on the common
clared a fiist ([uarterly dividend of
This
stock, payable July I to holders of record June 21.
(Compare V. 82,
basis.
places the common stock on a
The usual ((uarterly dividend of l}^% on the jM-ep. 1327.)
ferred shares is payable July 10 to holders of record June 28.
V. 82, p. 1327.
3%
—
For other Investment News, see page 1804.
THE CHRONICLE.
150-2
[Vol. lxxxii.
1
tpoxH and ^ocnmtnts.
NEW ORLEANS RAILWAY & LIGHT
OFFICIAL STATEMENT TO
New
York,
May
1
NEW YORK STOCK EXCHANGE.
13,357, 14,886 to 14,987, 14,992 to 15,000, 27,851 to 28,000,
to 28,125, all inclusive, and $10,000,000 par
value 5% non-cumulative preferred stock (100,000 shares),
and $20,000,000 par value common stock (200,000 shares).
The total authorized amount of the capital stock, 100,000
shares being preferred stock and 200,000 being common
The
stock, has been duly issued and is now outstanding.
preferred stock is entitled in preference and priority over tlie
common stock to dividends at the rate of, but not exceeding,
per annum, such dividends being non-cumulative, and
the preferred stock is entitled to no other or further share of
the profits. In the, event of dissolution or liquidation, the
holders of the preferred stock are entitled to be paid in full
the par value of their shares, the remaining assets to be
Both
divided among the holders of the common stock.
classes of stock have equal voting power.
Dividends of lJi% each have been paid for the quarters
ending December 31 1905 and March 31 1906, on all said
preferred stock.
Said general mortgage 43^^% gold bonds are dated July 1
1905 and mature July 1 1935, bear interest, payable semiannually on January 1 and July 1 in each year, and both
principal and interest are payable at the oflfice of The New
York Trust Co. in the City of New York, or, at the option of
the holder, at the office of the New Orleans Railway & Light
Co. in the city of New Orleans, in gold coin of the United
States of America of or equivalent to the present standard
of weight and fineness, without deduction for any tax or
taxes which the New Orleans Railway & Light Co. may be
required to pay thereon or retain therefrom vmder any
present or future law of the United States of America, or
of any State, County or Municipality therein.
Said bonds
of the New Orleans Railway & Light Co. are secured by a
general mortgage, dated July 1 1905, made by said Company
to The N. Y. Trust Co., as trustee, mortgaging, pledging
and transferring all the property, real and personal, rights,
titles, franchises, interests, privileges, immunities, rents,
issues, profits, revenues and income of the Railway Co.
Said bonds are coupon bonds, but they are subject to registration as to principal.
The transfer agent of said bonds in
the city of New York is the New York Trust Co.
The New
Orleans Railway & Light Co. has the right to redeem any
or all of the said bonds on the 1st day of January or July in
any year prior to their maturity upon 60 days' notice at
and 28,101
5%
105%
of their par value and accrued interest.
The total authorized issue of said bonds is $30,000,000,
and said bonds are issuable under Sec. 1, Article first, of
mortgage as follows:
Subdivision (a). To [enable 'the company to satisfy its obligations and for its general corporate purposes
$15,000,000
Subdivision (b). For underlying bonds of subsidiary companies
12,814 ,000
Subdivision (c). For acquisitions, extensions, betterments,
improvements, &c., and other lawful corporate purposes-. 2,186,000
130,000,000
Of the aforesaid general mortgage bonds, the following,
pursuant to provisions contained in the mortgage securing
the same, have already been issued, being the bonds in
respect of which application to list is herewith made:
Subdivision (a) of section
Subdivision (c) of section
1
1
of article first of said
of article first of said
mortgage.. $13,357,000
mortgage..
286,000
Total
$13,643,000
The Tmderlying bonds
of the subsidiary companies referred to in the foregoing table, as they now exist
$32,000
par value in the aggregate having been retired since the
execution of said general mortgage arc as follows:
—
—
Authorized
W'
New
Out-
Issue.
Issued.
$
$
Orleans City & Lake RR.
Co. Cons. First Mtg. 5%
Bonds, due January 1 1943.. 3, 000,000 3,000,000
New Orleans City RR. Co. Gen.
Mtg. 4-5% Bds., due July 1
1943
3,250,000 3,200,000
New Orleans Traction Co., Ltd.,
First Mtg. 6% Bds., due
July 1 1917
150,000
150,000
N. O. Power House Co., Ltd.,
First Mtg. 5% Bds., due
July 1 1943
200,000
200,000
N. O. A Carrollton RR. Co.
Mtg. 6% Bds., due August 1
1906
300,000
300,000
N. O. & Carrollton RR. Co.
Mtg. 6% Bds., due Feb. 1
1907^
350,000
350,000
I
Redeemed.
A uthorized
1906.
NewXOiloans Railway & Light Co., a corporation duly
incorporated under the laws of Louisiana, hereVjy makes
application to have placed on the regular list of the New
York Stock Exchange its $13,()4.'J,000 par value general
mortgage il4% gold bonds for $1,000 each, numbered 1 to
Total
standing.
$
214,000 2,786,000
3,200,000
Issy£.
S
200,000
205,000
[225,000
95,000
125,000
Redeemed, standina.
%
%
<fc
i
Carrollton
5%
$12,782,000
The New Orleans Railway & Light Co. is authorized in its
general mortgage to consent to the renewal or extension of
any of the aforesaid underlying bonds and of the mortgages
securing same:
"Provided, however, that such renewal
or extension shall not be for greater principal amount than
the principal amount of the bonds outstanding under such
mortgages, and shall not be at a greater rate of interest
than the present rate, and such extension shall not be to a
date later than July 1 1935."
The Company covenants in said general mortgage that i t
will not, without the written consent of the trustee there
under, sanction or permit the issue or guaranty of any
bonds by any subsidiary company unless effective provision
be made that the bonds so issued or guaranteed shall be
transferred to the trustee under said general mortgage,
subject to the trust created thereby; provided, however,
that there may be issued additional bonds under mortgages
of the subsidiary companies at present in force, for the purpose of retiring a like amoimt of underljing bonds of such or
other subsidiary companies; that is, where a provision for
such issue exists in the mortgages of said subsidiary companies.
Among the securities owned by the New Orleans Railway
& Light Co. which are specifically described in said general
mortgage are the following:
Total
Par
Name
Franchises.
of
Company.
Val. of
Shares.
Expire from 1943-"lNew Orleans City Railroad
1962 except two \ Company Preferred Stock $100
unimportant ex- New Orleans City Railroad
Company Common Stock. 100
pire 1915-1917 .J
Expire 1951
Orleans Railroad Company.
50
New
Orleans & Carrollton R.
f
L. P. C. Preferred Stock.. 100
Expire 1933
New Orleans & Carrollton R.
L. P. C. Common Stock.. 100
I
Expire 1956
St. Charles Street RR. Co.. 100
Perpetual
New Orleans Gas Light Co.. 100
New Orleans Lighting Co... 100
Perpetual
\
Shares
Out-
Owned,
stand'g.
24,208
24,995
47,533
4,694
49,910
4,694
45,686
46.000
I
25.000
24,952
9,389.5
9,533
37,500
35,580
20,000
20,000
Besides owning stock of the New Orleans City RR. Co.
to the extent shown in the above table, the properties of the
latter company are leased to the New Orleans Railway
Light Co. until December 31 1955 by instrument dated
March 31 1902. The lease provides for:
&
lessee of dividends as follows on the stock of
Orleans City RR.:
Five per cent annual dividends upon the $2,500,000 preferred
stock for the term of the lease;
(2) Three-quarters of 1% annual dividends upon the $5,000,000 common stock until January 1 190S, and 1% annually thereafter.
(b) The assumption of the payment of the principal and interest of the
New Orleans City & Lake RR. Co. Consolidated 5% bonds, the New
Orleans City RR. Co. general mortgage 4-5% bonds, the New Orleans
Traction Co., Limited, first mortgage 6% bonds, and the New Orleans
Power House. Limited, first mortgage 5% bonds.
(a)
the
The guaranty by the
New
(1)
Besides owning all the stock of the New Orleans Lighting
Co. and the stock of the New Orleans Gas Light Co. to the
extent shown in the above table, the properties of the New
Orleans Gas Light Co. are leased to the New Orleans Lighting Co. for a term of years ending March 1 1925. The lease
provides:
lessee of dividends at the rate of 6%
the $3,750,000 of stock of the New Orleans Gas Light Co.
(b) For the assumption of the payment of the principal and interest
of the first mortgage 5% bonds of the New Orleans Gas Light Co.
(a)
90,000
OuiIssued.
RR. Co.
Bds., due Feb. 1
1933
.2,000,000 1,780,000
1,780.000
Canal & Claiborne RR. Co. First
Mtg. 6% Bds., due May 1
1946
800,000
749.000
749,000
Edison Electric Co. P'irst Mtg.
5% Bds., due Jan. 2 1929. -.2,500.000 2,500.000
2,500.000
Merchants' Electric Co. Fir.st
Mtg. 5% Bds., due July 1
1929
300,000
300,000
300,000
St. Charles Street RR. Co. First
Mtg. 4% Bds., due Jan. 1
1952
600,000
375,000
375,000
Orleans RR. Co. First Mtg. 6%
Bds., due Aprils 1912
300,000
300,000
300,000
Orleans RR. Co. Second Mtg.
100,000
100,000
6% Bds., due 1907-1912
100.000
New Orleans Gas Light Co. Rrst
Mtg. 5% Bds., due April 18
1913
700,000
530,000
454,000
76.000
New Orleans Lighting Co. First
Mtg. 5% Bds., due March 1
1925
2,000,000 2,000,000 1,894.000
106,000
N. O.
Mtg.
per
60,000
CO.
For the guaranty bv the
annum on
The New Orleans Railway & Light Co. owns and operates
directly or indirectly, by owning or controlling securities of
the companies as aforesaid, the following:
—
Railway. There are about 190 miles of track, occupying most of the
Track extensions of about 4 miles addiprincipal streets of the city.
About 500 cars are operated.
tional are contemplated.
June
THE CHRONICLE
30 1906.1
—
Occupying the entire square, bounded by Ricliard,
Afain Statio7i.
Water. So. Peters and Market Streets, upon which is constructed a
modern steam and electric station in which the machinery now installed
and under contract approximates 25,000 h. p., one-half of which capacity
is used for railway purposes and balance for supply of electric light and
power for commercial service and city lighting.
Buronnc Station. Located between Baronnc and Dryades streets. A
steam and electric plant, of a capacity approximating 6,500 h. p., used
The building also contains
for commercial lighting and power purposes.
the executive ofTices of the company.
Claiborne Station.
Located between No. Peters and Marigny streets
on Elysian Field Avenue, occupying about half of the .square. A combined steam and electric plant of which machinery now installed and
under contract approximates 6,000 h. p.
Located between Marigny and Manderville
St. Charles Station.
streets on No. Peters Street.
A steam and electric plant of 1,500 h. p.
—
—
—
capacity.
—
Napoleon Avenue Station. Located on Napoleon Avenue and TchoupA combined steam and electric plant of over 1,000 h. p.
toulas streets.
capacity.
above described plants is in
excess of 40,000 h. p., exclu.sive of converting apparatus for railway and
sub-stalions.
The two electric
in
and
lighting purposes in such stations
The figures resub-stations have a combined capacity of 4,000 h. p.
specting capacity can be greatly exceeded under overload conditions.
the
square
occupying
bounded by
plant
Gas Plant. A water-gas
Robertson, Magnolia, Perdido and Gravier streets, and a portion of two
The combined generating capacity
of the
—
adjoining squares
The generating plant has a daily capacity of 3,000,000 cubic feet per day and holders aggregating 2,000,000 cubic feet.
Real Estate. This includes a large number of valuable parcels of real
Among these are 4 squares
estate situated in various parts of the city.
Each
of ground located on Canal Street, the main street of the city.
square comprises about 90,000 square feet, of wliich area approximately
one-half is occupied by car barns; 2 squares of ground on Arabella Street,
on one of which is located a large car barn, the .second being used for
storage of cars.
There are car houses and shops as follows: Arabella barn, magazine
shops. Canal barn, Prytania barn, Carrollton barn and shops. Esplanade
The.se barns have
barn, Poland barn, Orleans barn and Marias barn.
ample capacity to accommodate the rolling stock owned by the company.
Franchises. —The gas franchi.se is perpetual and is also exclusive imtil
1925.
The electric light franchise is perpetual, and the street railway
franchises are generally for from thirty to fifty years.
General.
The company now supplies all the gas, electric lighting and
street railway service in the city of New Orleans, and all the municipal
lighting of the streets of the city.
Serving at present a connected load
equivalent to 500,000 16 c. p. incandescent lamps, which may be increased 50% when apparatus now on order and under construction is
installed.
The present and immediately prospective generating capacities are respectively 7,500 and 12,000 kilowatts for lighting purposes,
and respectively 10,000 and 15,000 kilowatts for railway purposes.
The new apparatus will be in operation before the end of 1906. The
extensions being made and the new apparatus being installed in the Main
Station and the Claiborne Station are of the most moilern type.
The
company has just completed the installation of the complete new arc
lighting system installed to serve the city lighting under a contract
extending to 1914. In connection with this new and modern municipal
lighting system and to .serve the present and prospective extension
requisite for accommodating a rapidly growing business, over 100 miles
of additional underground conduit has recently been installed.
—
—
The New Orleans Railway & Light Co. was incorporated
1503
NEW ORLEANS RAILWAY
& LIGHT CO.
GENERAL BALANCE SHEET DECEMBER 31 1905.
Assets.
Leasehold,
real
companies
.
estate,
franchises,
stocks
of
affiliated
$40 ,870 ,085 86
&c.
Additions, improvements and betterments to property of
New Orleans City RR. Co. under lease
Other additions, improvements and betterments
—
2,177,007 38
1,073,589 42
13,745 36
Investments
Leasehold equity acquired, representing the par value of
bonds retired of the New Orleans City RR. Co. for
which this company is entitled to draw its own bonds..
Materials and supphes
Current assets
Deferred as.sets
Leasehold equity accrued for retiring bonds of the New
Orleans City RR. Co. under lease
217,500 CO
74,506 52
1,981,991 49
35,155 55
—
Total assets
50,086 GO
146,493.667 58
Liabilities
.
.
Capital Stock:
Common
$20 ,000 ,000 00
10,000,000 GO
Preferred
Total capital stock
$30,000,000
13,623,000
2,863,793
6,874
Funded debt
Current liabihties
Profit
and
Total
loss
— surplus
'
00
OG
04
54
$46,493,667 58
liabilities
Statements of income account of the properties for the
years ending December 31 1903, 1904 and 1905:
NEW ORLEANS RAILWAYS
AND AFFILIATED
CO.
COMPANIES.
CONSOLIDATED AND CONDENSED STATEMENT OF INCOME
AND SURPLUS FOR THE YEARS ENDED
DECEMBER
31 1903
AND
1904.
Year ended Dec. 31
Gross earnings
Operating expenses
$4,294,567 13
2,357,886 37
1904.
$4,629,892 96
2,484,947 65>
Net earnings
Otherincome
$1,936,680 76
20,036 58
$2,144,945 31
21,515 79
Gross income
Deduction from income:
Taxes and licenses
Interest on loans
Other
$1,956,717 34
$2,166,461 10
$383,296 91
30,368 91
$.388,593 23
1903.
109,268 84
27,327 85
18,72826
$432,394 08
$525,189:92
fixed charge3$l 524.323 26
$1 ,641 ,271 18
Total
Net income before deducting
pursuant to a certain
plaii dated Feb. 8 1905, for the reorganization of the New Orleans Railways Co.
[This plan
was outlined in the "Chronicle" of February 11 1905, page
651.
Ed.] Under said plan there were deposited ^A^th
The New York Security & Trust Co., as depositary, all of
the outstanding bonds of the New Orleans Railways Co.
except $7,200, par value, and all of the preferred stock except 111 shares, and all of the common stock except 3
shares of said Railways Co.
On June 12 1905, pursuant to said plan, the New Orleans
Railway & Light Co. was organized under the laws of Louisiana for the period of 99 years, and, after foreclosure sale,
acquired all the properties of the New Orleans Railways Co.
by instrument of conveyance and deed of sale dated July 18
1905, and in consideration of such sale and transfer issued
>
its securities as follows ^t-v v
ti,-.
f
El
NEW ORLEANS RAILWAY & LIGHT COMPANY AND
AFFILIATED COMPANIES.
—
,
"99,985 shares
•
•
•
f-
stock of a total authorized issue of 200,000
shares;
$13,357,000 general mortgage 4J^% gold bonds secured by tlie mortgage aforesaid, dated July 1 1905, executed by said company to the New
York Trust Co. covering the property so acquired.
$846,000 in cash.
—
The balance of the preferred and common stock to-wit,
15 shares of each were issued to the incorporators in cash
for the full par value thereof, $3,000, so that all of said
stock, preferred and common, is now outstanding.
In addition to the $1.3,357,000 of the bonds issued as
aforesaid, there Avere issued at the same time or subsequent
thereto bonds aggregating $2,043,000, of which $28(),000
have been sold, and the proceeds thereof, as provided
plan of agreement and reorganization, have
in said
been applied to the expenses of the reorganization,
the payment in part of the floating debt of the New Orleans
Railways Co., and for additions, improvements and extensions, as contemplated in the mortgage .securing the
same. $2,357,000 have not yet been sold and are partlj'^
in the treasury of the New Orleans Railway & Light Co., or
are hypothecated as collateral for loans to th(> said CompanJ^
All of the said bonds issued under the mortgages of the
New Orleans Railways Co. dated July 1 and November 1
1902, except $7,200, the holders of which did not d(>posit
same under the plan of reorganization, together with $3,843,000 treasury bonds, which had been executed by the New
Orleans Railways Co. and certified by the trustee, as well as
all the balance of said bonds engraved for issue under said
mortgages, have been duly canceled and cremated, and no
further bonds can be issued under said mortgages dated
July 1 and November 1 1902.
—
Gross earnings
Operating expenses
$5,039 ,352 01
2,674,862 97
Net earnings
Other income
.$2,364,489 G4
81 ,751 00
.$2,446,240 04
Gross income
Deductions from income:
Taxes and licenses
Interest on loans
$416,000 12
80,701 22
25,056 58
Miscellaneous
.
preferred stock of a total authorized issue of 100,000
common
CONSOLIDATED AND CONDENSED STATEMENT OF INCOME
AND SURPLUS FOR YEAR ENDING DECEMBER 31 1905.
•
shares;
199,985 shares
(Including receivership period January 1-July 15 1905.)
The balance sheet of the New Orleans Railw.'iy <t Light
Co. as of December 31 1905, the close of its last preceding
fiscal year, is as follows: gitJ|;,TCHrfmJCHdi"f n « til
$521,757 92
Total deductions
—
Net income before deducting fixed charges.
Pixed charges:
Interest on bonds
Interest on 4}4%
$1,924,482 12
$647,177 09
607.044 37
bonds
Dividends on underlying stocks and interest on bonds not
owned
27,459 05
4,000 00
Salary and expense funds
$1 .285,680
Total fixed charges.
51
$638 ,801 61
Surplus from operation
Deductions from surplus:
1
dividend on Railway & Light Co. preferred stock..
Undivided surplus of underlying companies
M%
$125,000 00
778 41
Total deductions from'surplus
$125,778 41
Net surplus
$513,023 20
CONSOLIDATED AND CONDENSED STATEMENT OF INCOME
AND SURPLUS FOR FOUR MONTHS ENDING APRIL 30 1906.
Gross earnings
Operating expenses
$1,981,909 30
_
1,018,10160
$963 807 70
Net earnings
Fixed charges:
Interest on underlying bonds, loans and mis$241,844
204,645
147,972
2.296
cellaneous
Interest on
bonds
Taxes and licenses (subsidiary companies)
4^%
Taxes and
licenses,
Railway
Total fixed charges
Net income
&
-
Light Co
Total other deductions
Surplus from operation
21
596,758 29
-
---
Other deductions:
Dividends and proportion of surplus on securities not owned
Miscellaneous
41
00
67
-
$6,350 70
5,187 6;
$367,049 41
EP,
11,538 38
$355,511 03
The following are statements of income account for years
1903 to 1905, inclusive, of the subsidiary companies of the
New Orleans Railway & Light Co.:
THE CHRONICLE.
1504
NEW ORLEANS & CARROLLTON
RR.,
LIGHT & POWER
CO.
1903.
1904.
1905.
$1,559,181 78 81,668,863 70 $1,803,629 06
Gross earnings
Operating expen.ses
Other income
Taxes,
830.280 99
095,396 09
$838,582 71
4,580 94
$908,232 97
16,064 12
$762,769 79
$843,163 65
$924,297 09
431,158 22
442,078 94
451,014 92
$331,611 57
330,000 00
S401 084 71
330,000 00
$1,611,57
$71,084 71
&
rentals
Interest,
801,511 05
$757,670 73
5,099 06
misc. expenses
Dividends
Net surplus
NEW ORLEANS LIGHTING
$472,682 17
CO.
1905.
1904.
1903.
Gross earnings
Operating expenses
$631,715 80
256,037 85
$687,932 60
312,762 69
$745,600 89
314,915 79
Other income
$375,677 95
4,296 73
$375,169 91
10,719 03
$430,685 10
16,336 25
$379,974 68
$385,888 94
$447,021 35
381 ,543 09
402,186 26
105,304 33
k-.
Taxes,
interest,
&
rentals
misc. expenses
Net deficit .
Net surplus
$16,297 32
$1,568 41
$341,717 02
CHARLES STREET RR.
ST.
CO.
Gross earnings
Operating expenses
$349,135 98
215,941 21
$383,515 75
227,205 23
$133,194 77
336 94
$156,310 52
Other income
Taxes, interest
penses
&
44,287,82
47,250 06
$89,243 89
57,198 00
$109,060 46
57.198 00
$121,284 11
84 ,475 63
1904.
$129,761 80
83,973 45
$139,711 40
86,706 87
Other income
$36,808 48
2,538 77
$45,788 35
1 ,794 49
$53,004 53
1,856 13
&
$39,347 25
$47,582 84
$54,860 66
35,345 69
36,018 13
36,426 79
$4,00156
$11,564 71
$18,433 87
CO.
1905.
misc. ex-
•
Netl surplus
[NEW ORLEANS & PONTCHARTRAIN RR.
iEBEiGross earnings
Operating expenses
•
•
•
CO.
1904.
$15,207 50
22,225 74
1905.
$15,051 30
22,239 37
$7,018 24
$7,188 07
2 75
$7,018 24
3,489 03
17,185 32
4,087 06
$10,507 27
$11,272 38
gjl
Deficit
Other income
TaxesI&Iinterest
NetXdeficit
;
Thefprincipal ofRce is No. 317 Baronne Street, in the
City of New Orleans, La.
The Directors are: E. C. Foster, R. M. Walmsley, Pearl
Wight, George A. Hero, William Adler, Hugh McClosky,
F. B. Hayne, Joseph H. De Grange, A. Brittin, Maurice
Stern, W. R. Stauffer, T. H. McCarthy, Albert Baldwin, all
of New Orleans, La.; John W. Barr, Louisville, Ky.; A. M.
Young, New York, N. Y. The officers are: President,
E. C. Foster; First Vice-President, R. M. Walmsley; Second
Vice-President and Secretary, Jos. H. De Grange; Third
Vice-President, A. S. Gibbs; Treasurer, H. A. Ferrandou.
The annual meeting is the second Monday in April. Fiscal
year ends Dec. 31st of each year.
The Transfer Agent in New York of the stock is The
New York Trust Co., No. 24 Broad Street. Said company
is also transfer agent of the bonds.
The Registrar in New
York of the stock is the Morton Trust Co. of 38 Nassau
St.f- The transfer agent in New Orleans of the preferred
and common stock is the Whitney Central National Bank,
the Registrar in New Orleans of the preferred and common
stock is theJHibernia Bank & Trust Co.^i^l;-^ ;|?.; > X" :tr'B
IP-
NEW^ORLEANS RAILWAY & LIGHT CO. ,715"
EEOOSSFE^EO^iLBylE.lCSFOSTER, President.H
ECIBPI
The Committee on Stock List recommends that the abovedescribed $13,643,000 general mortgage 4}4% coupon bonds
of 1935, for SI, 000 each, Nos. 1 to 13,357, inclusive, 14,886
to 14,987, inclusive, 14,992 to 15,000, inclusive, 27,851 to
28,000, inclusive, and 28,101 to 28,125, inclusive; $10,000,000 5% non-cumulative preferred stock and $20,000,000
common stock be admitted to the list.
HSIr':'-.'
WM. W. HEATON,
Chairman.
^f,T
GEORGE W. ELY,
Secretary.
Adopted by the Governing Committee June 13 1906.
Vol. lxxkii.
United States Steel Corporation. Proponed Plant of
Indiana Steel Co. at Gary, hid. See description in "Iron
Trade Review" of Cleveland fur June 21 and compare V. 82,
p. 991, 701, .575.— V. 82, p. 1383.
Wells, Fargo Co., Express.
Dividends Increased. The
direclcji.s (jn Tliui.sday declared a semi-annual dividend of
5%, payable July 16 to holders of record on July 14. This
increases the annual rate to 10% per annum, contrasting
with 6% and 2% extra, paid regularly since 1902.
Circular.
Walter C. Stokes & Co., 66 Broadway, in a
circular dated June 26, addressed to the shareholders, say:
We are informed that proxies are being sought by parties who accuse
—
—
—
attempting to manipulate the stock for speculative purposes.
repeat our assurance that our onlj' purpose is to gain for ourselves
and the other stockholders a larger distribution of the earnings. A
person who is canvassing for proxies in the Ea.st, and
pon his failure to
get proxies) offering to purchase the stock itself at
0, has made the
statement that no increase in the dividend rate woul be made at the
present time, although lie admits that the earnings arejupwards of 30%
per annum.
He claims tliat a deal is in prospect with he Union Pacific
similar to that which tlie company has with the Sou em Pacific; that
it is proposed to pay the Union Pacific cash for the exc usive use of that
line, ana that the existing surplus is necessary to enab '; this plan to be
carried out.
We do not ask a cash distribution of the surplus, and we
do not think, on the statements made, that a stock or scrip dividend
sufficient to put the present stock on a 16% dividend basis is at all unreasonable.
V. 82, p. 809.
us
We
of
....
—
Whittier (Cal.) Home Telephone & Telegraph Co. Status.
The Merchants' Trust Co. of Los Angeles early in the
year, when offering a block of the first mortgage 5% sinking
fund gold bonds at 94 and interest, reported:
Bonded debt, authorized, $100,000; outstanding, $40,000. Dated
Jan. 1 1904. Due Jan. 1 1929. Denominations, $100 and $500. Inter-
—
payable Jan. 1 and July 1 at First National Bank, Wliittier, Cal.
Trustee, Title Insurance & Trust Co. of Los Angeles. Sinking fund
begins Oct. 1 1908 for the redemption of bonds at maturity.
Bonds remaining in treasury can only be issued under proper restrictions, for cost
of extensions and "improvements.
Company has in operation 510 telephones, and is paying 4% per annum on its outstanding capital stock of
$50,000. Gross income in January 1906, $993; net, $733; bond interest,
$167; balance, surplus, $566.
(Stock authorized, $100,000; issued,
est
$50,000.— Ed.)
&
$128,328 01
1903.
Gross earnings
Operating expenses
52,496 28
$51,862 46
$32,045
ORLEANS RR.
I-
$180,824 29
$133,531 71
Net surplus
Taxes, interest
penses
$176,139 45
4,684 84
misc. ex-
Dividends
it
1905.
$411,579 61
235,440 16
1904.
1903.
I
—
Coke Co. Bonds Offered.
Winona (Minn.) Gas Light
F. L. Fuller & Co., Cleveland, and Bartlett, Frazier & Carrington, Chicago, are offering at par and interest $275,000
first mortgage
20-year gold bonds, dated July 1 1905,
due July 1 1925, but subject to call on and after July 1 1915
Denomination $l,000c*.
at 105 and interest.
Interest
payable Jan. and July at the Cleveland Trust Co., trustee,
Cleveland, or its fiscal agency in New York City.
A circular says in substance:
5%
—
Capitalization Stock, authorized and issued. S300.000 (par of shares, $100).
Bonds, authorized. $.300,000: in treasury. $25,000; outstanding S275.000. Organized under laws oJ Minnesota in July 1905 as successor of Winona Gas Co.,
which had exclusive control of the gas business in Winona. Present franchise,
granted In May 1904 for 25 years, permits the company to charge for gas $2 per
The company now has 240,000 cubic feet holder capacity and more
1.000 cubic feet.
than 25 miles of mains.
The gross output of gas for the year ending May 1 1906 was 27,190,719 cubic feet,
with the benefit of the Increased capacity and extended main service, only
since April 1 1906. Gross earnings for five years ending May 1:
1902. $36,082;
With prices of gas
1903, $42,080: 1904. S43,217: 1905, $45,318: 1906, $48,425.
established, voluntarily at $1 50 per 1,000 cubic feet for light and $1 25 per 1,000
cubic feet for fuel and power, and a market for all of its coke available at $6 per ton
n summer to $7 per ton in winter, the company expects for the year ending July 1
1907 gas output 42,000.000 cubic feet: gross receipts. 867,200: net earnings. $30,240;
bond interest. $13,750; surplus. 816,490. After July 1 1910 10% of the net earnings
must go into a cumulative sinking fund, the bonds to be purchased at not to exceed
The city in 1900 had a
105, or selected by lot and declared due at 105 and interest.
population of 19 714, but a census recently taken gives a population of over 23.000.
W. B. Parsons. Winona, Minn,, is President: H. E. Mann. Cleveland,
Directors:
Ohio, Vice-President: C. A. Boalt, Winona Minn., Secretary and Treasurer; F. P.
Frazier, Chicago, 111.: M. S. Greenough, C. W. Fuller, Esq., and F. L. Fuller, Cleveland Ohio.
—
-H. W. Poor & Company, New York and Boston, are
offering to investors in our advertising pages Missouri Kansas
& Texas Railway Co. first and refunding mortgage 4%
bonds due 2004, at a price to yield over 434% upon the investment. These bonds are secured by terminal property,
track and equipment purchased with the proceeds of this
The bonds are listed on the New York Stock Exissue.
change and have an international market, being payable
For further dein New York, London, Berlin and Paris.
Messrs. Poor & Co.
tails see page 0000 in to-day's issue.
will furnish special circular and quote price upon request.
The New York accounting firm of Wilkin.?on, Reckitt,
Williams & Co., 52 Broadway, announces that Harold
Benington, A. C. A., William Aitken Milligan, C. P. A., and
Albert Warren Rugg, C. P. A., have been admitted into its
The firm name will remain unchanged, George
partnership.
Wilkinson and Ernest Reckitt continuing as senior members.
The concern has a specially organized department for conducting bank examinations. This department is under the
management of a former National Bank Examiner. Its
Philadelphia offices are located in the Stephen Girard Bldg.
and the Chicago offices in the Marquette Bldg.
The New York Stock Exchange house of Ball & Whicher
whose main offices are at 111 Broadway, have this week
opened a branch at Sheepshead Bay. The firm's new office
is conveniently located at the Sheepshead Baj"- Club and is
under the management of Mr. Robert Morison.
William H. Flagg, formerly of Flagg & Worcester,
wliich partnership has expired by limitation, announces the
removal of his office on the 21st inst. to 44 Pine Street, this
Mr. Flagg deals in bonds and guaranteed stocks.
city.
A voluntary petition in bankruptcy has been filed by
S. A. Kean of Chicago, dealer in municipal and corporate
Mr. Kean was President of S. A. Kean & Co., which
bonds.
—
—
—
—
assigned in 1890.
Geo. Eustis <fe Co., Mercantile Library Building, Cincinnati, are distributing copies of the hand-book issued by
the Finance Publishing Co., entitled ''Cincinnati Securities."
—
June
THE CHRONICLE
30 190G.]
1505
COTTON.
Friday Night, June 29 1906.
as indicated by our
telegrams from the South to-night is given below.
For
the week ending this evening the total receipts have reached
Friday Night, June 29 1906.
30,637 bales, against 31,573 bales last week and 29,858
While sales of some commodities have diminished, as bales the previous week, making the total receipts since
usual at the beginning of the warm season the state of trade the 1st of September 1905 7,575,328 bales, against 9,427,254
Manufacturers in a number of bales for the same period of 1904-05, showing a decrease
in this country is still good.
since Sept. 1 1905 of 1,851,926 bales.
ahead for some little
production
industries have sold their
time to come. The grain crops on the whole seem promising
Receipts at
Sat.
Mon.
Tues.
Wed. Thurs.
Fri.
Total.
and the labor situation has noticeably improved. Specula- Galveston
1,167
1,857
3,181
1,443
1,772
1,578 10,998
Prices, taken as a whole, Pt. Arthur, &c.
59
59
tion almost everywhere is quiet.
363
712 10,522
New Orleans,.
1,853
2,799
3,587
1,208
are well maintained.
Mobile
113
3
297
120
401
934
&c_
LARD on the spot has been in light demand; Western Pensacola,
916
618
Savannah
535
938
558
4,662
1,097
15
15
8.85@8.873^c. and City 8.62i^c. Refined lard has been Brunswick
12
1
Charleston
4
152
184
8
7
dull with the trade mostly supplied by deliveries on old con- Georget'n, &c.
8
8
362
50
29
496
111
127
1,175
tracts; refined Continent 9.20c., South American 9^@10c., Wilmington ..
Washingt'n,&c
_.
The speculation in lard futures Norfolk
284
245
152
377
24
629
Brazil in kegs 10.75@llc.
1 ,711
10
N., Ac10
On the N'port
at the West has been active with prices irregular.
_
York
New
2
110
13
Boston
125
whole, however, the trend of prices has been downward,
_
103
Baltimore
103
18
71
42
131
owing to reactions in the grain markets, larger receipts of Philadelphia .
live hogs, liquidation and a lessened demand from commis- Totals this wk.
7,605
6,649
4,170
2,432
5,382
4.399 30,637
THE MOVEMENT OF THE CROP
COMMERCIAL EPITOME.
,
—
•
sion houses.
PORK on the spot has been dull and steady; mess $17@
The following shows the week's total receipts, the total
$17 50 for old and $18@$18 75 for new; clear $16 75@$18 75, since Sept. 1 1905, and the stocks to-night, compared with
family $18@$19. Cut meats have ruled steady with trade last year:
light; pickled shoulders
S^c., pickled hams
12c.
and pickled
14@10 lbs., ll@12J^c. Beef has been dull and
steady; mess $8@$8 50, flank $8 50, packet $9 50@$10,
family $10 50@$11, extra India mess $15@$15 50. Tallow
bellies,
has been dull and steady; City 4j^@5c. Stearines have been
Butter has
dull and lower; oleo 8%@9}4c., lard lOJ/^c.
been fairly active and steady; Western extras 20J^@21c.
Cheese has been in fair demand and firm; State factory,
fancy, lie. Eggs have been quiet and steady; Western
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
July delivery
8.62^
September delivery
October delivery
8.80
8.82H
Mon.
8.62H
8.82M
8.82^
Tues.
8.80
8.971^
8.97J^
Wed.
8.77H
8.95
8.95
Thurs.
8.75
8.92"^
Charleston
Georget'n, &c.
8.92^
8.75
8.921^
8.95
OIL Cotton seed has ruled steady with the trading light.
Prime summer yellow 36@37c. and prime winter yellow 40@
Linseed oil has been steady with a better jobbing
41c.
trade; City, raw, American seed, 39@40c.; boiled 40@41c.;
raw, Calcutta seed, 68c. Lard, prime, 70@72c. Olive,
—
Washingt'n,&c.
Norfolk
&c
Since Sep
1 1905.
10,998 2,511,324
59
149,074
10,522 1,601,834
238,195
934
161,732
4,662 1,452,321
15
184,510
184
169,692
1,236
8
319,674
1,175
Savannah
Brunswick
N'port N.,
Fri.
This
week.
Galveston
Pt. Arthur, &c_
New Orleans _.
Mobile
Pensacola, &c
Wilmington
firsts 17c.
1904-05.
1905-06.
Receipts to
June 29.
1,711
6'22,892
10
21,792
6,575
62,246
63.468
8,763
-
New York
Boston
Baltimore
125
103
131
Philadelphia -.
30,637 7,575,328
Totals
In order that comparison
we give below the
Stock
Since Sep
1 1904.
This
week.
22,082 2,636,615
1,549
287,028
17,982 2,567,116
311,269
2,170
199,614
4,875
13,003 1,733,239
194,689
1,041
896 212,936
902
5
355,276
1,000
122
720,989
5,860
461
25,242
191
32,319
840
75,924
1905.
1906.
>
'
45,726
99.062
"68,477
78.225
15,153
4,562
3'2,683
8,643
4,285
36,028
7,247
2,756
"6.579
3,495
19,226
"2"3.466
12,924
115,683
4,775
2,570
5,392
85
126,490
2,963
3,507
1,175
72,894 2,427,254
318,001
399,592
852
87
may
61 ,050
be made with other years,
totals at leading ports for six seasons:
7%
Cocoanut, Cochin,
yellow, 56@60c.; green 583^@60c.
@8c.; Ceylon 7@73.^c. Cod, domestic, 35@36c.; New-
1906.
Receipts at
foundland 38@40c.
Galv'n, &c.
COFFEE on the spot has been more active and firmer for N. Orleans
Brazil grades; Rio No. 7, 73^@7>gc.; Santos No. 4, 8}4@ Mobile
_
West India growths have been quiet and steady; fair Savannah
85^c.
Ch'ston. &c.
The market for future contracts Wilm'n, &c.
to good Cucuta 8^@9J^c.
has been quiet and somewhat firmer. An absence of offer- Norfolk _-A better N'p'tN.,&c.
ings has been a feature of the speculation of late.
All others-.
spot demand has also contributed to impart a firmer tone to
the future market. The receipts are smaller than expected. Tot. this wk
The closing prices were as follows:
Since Sep. 1
1903.
1904.
1905.
1,263
9,929
374
23,631
17,982
2,170
13,003
901
1,000
5,860
461
7,886
"894
30,637
72,894
17,374
1 1
,057
10,522
934
4,662
192
1.175
1,711
10
225
2,750
581
27
1,705
1901.
1902.
1,520
12,650
4
2,192
3,702
74
1.928
12
558
900
14,595
16,672
76
8,124
82
227
5,882
1,415
"'2",8i6
'4,241
19,553
12,155
49,899
447
6
35
2,761
645
7,575,328 9,427,254 7,053,987 7,597,466 7,382,369 7,382,911
PI
June
July
6.35c. October
6.35c. November
August
September
6.-10C.
December
6.50c.
January
SUGAR,
6.55c. February
6.65c. March
6.75c. April
6.80c. May
raw, has advanced of
demand and
light
offerings;
late,
6.90c.
7.00c.
7.05c
7.15c.
owing to an increased
centrifugal,
96 degrees
test,
The exports for the week ending this evening reach a
total of 39,864 bales, of which 12,868 were to Great Britain,
8,784 to France, and 18,212 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1905.
muscovado, 89 degrees test, 3 l-16@33/gc.;
Refined sugar
molasses, 89-degrees test, 2 13-16@2j^c.
has been in good demand and firm; granulated 4.60c. Spicos
have been firm with a moderate jobbing trade. Teas have
been quiet and steady. Hops have been firm with a moderate inquiry from brewers, though actual sales have been
Wool has been quiet and firm.
light.
TOBACCO has been quiet but firm. There has been no
noteworthy development in the general situation. Interest
Kentucky advices state
has centered largely in Sumatra.
that the new crop looks well. Planting of burley, dark and
Green Rive*, has been completed uncler favorable weather
Galveston
Pt. Arthur, &c.
New OrleansMobile
conditions.
Boston
Baltimore
3 9-16@35^c.;
PETROLEUM
Week ending June 29 1906.
Exported
Exports
jrom
—
—
Ft 'nee
4,690
1,639
6.533
4.463
4,685
9.148
4.560
9,192
13,752
608
1
509
1,537
2,595
4,1.32
Pensacola'
Savannah
Brunswick
Charleston
Wilmington...
Norfolk
-
Newport News
New York
-
Sept.
1 1906 to June 29 1906.
Exported to
—
Conti-
France
Total. Britain.
nent.
800 3,890
4,894
From
Great
Conti-
Great
Britain.
to
997.638 285.992
46,875
725,389 231,259
54,451 39.140
70.527 37.643
195,426 70,554
103,285
5.500
5.225
139.595
12.545
9.000
6..353
167.443 24.181
135.240
76.211 l"3.974
35.306
1.218
nent.
Total.
744.98712,028.617
66.200, 113.075
520,112 1,476,760
43,2191 136,810
49.332
157.502
651,632 917,612
37,399 140.684
4,400
9,900
163,663 308.4S3
24,722
3,177
225|
6,578
273,840 466,464
9,531
144.771
53,982 144.167
2,765
38,071
_-.__1.218
37,882
37.882
51,420
61,420
12,005
12.005
4.798
4.798
4.959|
4.959
1.000
1,0001
has been in active demand at unchanged Philadelphia..
Portland, Me..
- - 100
quotations. Refined petroleum, barrels 7.80c., cases 10.30c., San Francisco.
100
Naphtha has been active and firm at 13c. for Seattle
bulk 4.70c.
Tacoma
Gasoline, 86 degrees, Portlivnd, Ore.
71 degrees test, in 100-gallon drums.
Pembina
Spirits of turj^entine has been in
15c. in 100-gallon drums.
Total
12.868 8.784 18.212 39,864 2.773.002 716.968 2,736.528|6,225.498
steady
at 60')^@61c.
Rosin has been quiet
fair demand and
and steady at $3 95 for common to good stained.
Total 1904-05. 30,548 17,932 23,172 71,652 3.810.420 798.950 3.509..381 18. 118,751
COPPER has been dull and ea.sier; lake IS^^c, electrolytic
18^c. Lead has been quiet at 5.80c. Spelter has been
In addition to above exports, our telegrams to-night also
Tin has declined to 38.80c. give us the following amounts of i-otton on shiphonrd. not
easier and dull at 6C(46.10c.
Iron has been quiet and steady; No. 1 Northern cleared, at the ports named.
We add similar figures for
for Straits.
$18 50@$19, No. 2 Southern $17@$17 50.
New York.
1
THE CHRONICLE.
1506
On
Great
— Britain.
i
June 29
at
New
\
France.
1.771
7,259
Total.
stock
25,898
17,096
1,962
11,564
4.100
3.300
42,579
28,630
32,283
4,085
2,600
7,662
110,983
24,659
7,692
394
13,356 64,520
25,269 106,817
2.901 19,319
253,481
292,775
147,701
180
500
400
200
512
.
300
Mobile
Norfolk
I'.iso
"566
Other ports.
'sob
1.300
Total 1906
Total 1905
Total 1904
20,671
52.152
8,391
8,577
5.348
New York-.
Leaviny
low and closing prices at
^
to
,
PE'i PS'i
6,927
Savannah
Cliarleston
FUTURES. — High,
—
Other
CoastForeign wise.
I
9,761
8.510
Orleans
Galveston ..
Shipboard, Not Cleared for
[YOL.
1 1
1,200
1.800
400
200
.564
1,600
200
&.^
^
c>
P£
I
p*-,
T..XYX.TI.
New
u-
York:
^
'^
Pgcp £1
P £ «
'i:},
CO 00 00
, « US «
^^
00 CO o
W
I-
5C
UtvS
>-a
© I®
'I f^
CO 00 CO 00 CO 00 CO 00
H-00
12.463
13.970
3,573
CO op CO
to to
I®
The speculation in cotton for future delivery lias been
quiet and, owing largely to more favorable weather in Texas
and Louisiana, where copious rains have fallen, and liquidation of July contracts in the fear that notices of delivery due
June 29 might have a depressing effect, prices have declined.
An announcement earl}^ in the week by a leading ()j)erator
that he would issue July notices for 48,000 bales, was the
signal for considerable selling and some decline.
Subsequently large "spot" sales and a possibility that the "notices"
might be for a smaller quantity of cotton than was at first
supposed had a steadying effect on prices for a time. But
renewed liquidation, generally favorable weather and selling
of October and December by the South helped to bring about
Other contributory causes were
a further decline later on.
selling for the decline by board room traders, selling of the
next-crop options by Liverpool and also by prominent local
operators, depression in the July delivery both here and in
New Orleans and a sharp fall in the stock market. Besides,
the speculation continued dull, few taking any part in it exDuring the
cept what are termed "professional" operators.
week Liverpool people have bought August here very heavily,
at times against sales of July- August in the English market,
such arbitrage trading being encouraged by the abnormally
wide differences roughly, 140 to 145 points between New
York and Liverpool cjuotations, differences nearly twice as
large as the normal.
Of late this arbitrage business, as already intimated, has taken the form of sales of October and
December. Large spot interests, it is supposed, have bought
a good deal of July and sold December against it. The leading local operator, it is understood, has at times sold July
with a certain freedom and bought the next-crop months
heavily.
He has also sold a large quantity of spot cotton.
To-day the July notices which amounted to some 50,000
bales, had at first a weakening effect on the market, prices
falling 6 to 9 points.
But later on it became apparent that
they were being "stopped" by prominent interests, spot cotton people among others, and a rally took place, ending at
an advance for the day of 8 points for July and 5 to 6 points
on the next crop months. The recovery was partly due to
the liquidation of short accounts and buying attributed to
the leading operator here.
Spot cotton has declined 10
points, with large sales for home consumption early in the
week. Middling uplands closed at 10.80c.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
,
UPLANDS.
Good Ordinary
Low MiddUng
MiddUng
Good Middling
Middling Fair
Sat.
Men.
Tues.
Wed.
Thurs.
9.90
10.52
10.90
11.34
11.86
9.80
10.42
10.80
11.24
11.76
9.80
10.42
10.80
11.24
11.76
9.80
10.42
10.80
11.24
11.76
9.80
10.42
10.80
11.24
11.76
Fri.
9.80
10.42
10.80
11.24
11.76
GULF.
Good Ordinary
Low MiddUng
Middling
Good Middling
Middling Fair
!.
Middling
Low
Mid. Tinged
Good MiddUng Tinged.
10.05
10.67
11.05
11.49
12.01
10.05
10.67
11.05
11.49
12.01
10.05
10.67
11.05
11.49
10.05
10.67
11.05
11.49
10.05
10.67
11.05
11.49
12.01
12.01
12.01
9.40
10.40
10.56
10.90
9.30
10.30
10.46
10.80
9.30
10.30
10.46
10.80
9.30
10.30
10.46
10.80
9.30
10.30
10.46
10.80
9.30
10.30
10.46
10.80
middling upland at New York on
June 29 for each of the past 32 years have been as follows:
The quotations
1906.C.10.80
19059.90
1904,. 10.85
1903.. 13.25
1902..
1901 -. 8 13-16
1900.. 10
1899.. 6 1-16
for
1898.
1897...
1896...
1895...
1894...
1893...
1892...
1891...
.
7 13-16
7 7-16
7
714
7y»
7%
8H
I1890.C.12
1889. -.11
1888--.10 3-16
1887. -.10 15-16
1886... 9%
1885. ..10 7-16
1884. ..10 15-16
1883. -.10 5-16
MARKET AND
Spot Market
Closed.
1882.c.l2J^
1881... 11
1880- _ -11 13-16
1879__-12 7-16
1878. -.11 7-16
1877. --12 3-16
1876---12
1875--. 15M
SALES.
Futures
Sales of Spot
Con-
Steady
Barely steady
Steady.lOpts. dec. Steady
Monday
Tuesday
..
Steady
Wednesday Quiet
Thursday
Friday
Total.
.
Quiet
Quiet
and Contract.
Market
Closed.
Export sum'n.
Saturday .
T® I® I® © I© I© © Tl T®
00 00 00 CO CO CO 00 00 CO 00
I©
O
I®
® I®
M
io to
01—
to to
to :—
to >-
I©
i©
i©
I©
I©
Oi
~J
I©
s:
I©
I®
CC CO CO CO cc cc oc 00 cc o
4^Cn
CO oc
I
®
I
©
I
toa
00 00 00 00 CC
00 00 cc
to
a"
CO oc
O:
CO 00 cc
to
00 oc
00 00 00 CO
^
® I© I© I© I© I©
00 OC CC CO O
0-.
® I® I©
owes
I
CO oc cc cc
oc-
®
lO.
toe
'to
toio
—lOi
>-—
-
to
i;».
i4i.
© I© I© I® I© N
CO oc oc oc
eoAf
00 cc CO CO
e!5
® I©
© I® I® I©
©
00 00
CO 00 cc 00
c
©
©
gl
00c
I©
rf^
h-
I
I
05
to
*.
I
I
THE VISIBLE SUPPLY OF COTTON
up by cable and telegraph,
1-
to-night, as made
Foreign stocks, as
is as follows.
well as the afloat, are this week's returns, and consequently
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday), we add the item of exports from the United States,
including in it the exports of Friday only
June 29—
1906.
1905.
1904.
1903
Stock at Liverpool
bales. 746,000
841,000
485,000
513,000
Stock at London
16,000
13,000
13,000
14,000
Stock at Manchester
64,000
57,000
40,000
49,000
Total Great Britain stock--.
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste -. _
-
826,000
14,000
218,000
Total Continental -stocks
Tot al European stocks
1
India cotton afloat for Europe.
Amer. cotton afloat for Europe.
Egypt, Brazil, &c.,aflt. for E'pe.
Stock in Alexandria, Egypt ...
Stock in Bombay, India
Stock in U. S. ports
Stock in U. S. interior towns ..
U. S. exports to-day
116,000
4,000
13,000
39,000
7,000
911,000
14,000
308,000
1,000
114,000
3,000
27,000
26,000
4,000
538,000
23,000
178,000
4,000
139,000
4,000
38,000
36,000
15,000
576,000
21,000
195,000
4,000
134,000
3,000
24,000
37,000
12,000
411,000
497,000
437,000
430,000
,237 ,000 1,408,000
166,000
173,732
12,000
79,000
904,000
318,001
197,676
10,772
70,000
246,000
21 ,000
135,000
928,000
;599,592
217,299
11,342
975,000 1,006,000
110,000
185.000
109,000
73,000
21 ,000
20,000
110,000
31,000
475,000
659,000
167,026
250,390
107,903
30,763
8
7,500
Total visible supply
3,098.081 3,436,233 2,074 931 2,262,653
Of the above, totals of American and other descriptions are as follows:
STAINED.
Low MiddUng
Strict
10.15
10.77
11.15
11.59
12.11
:- 10
(a"
—
—
00 CO 00
00 a.
Steady
Very stead j^.
Steady
Very steady.
Con-
940
4,495
11,000
"'73
285
200 16,793
4,695
1
200
200
—
bales.
American afloat for Europe
U. S. port stocks
U. S interior stocks
U. S. exports to-day
Total American
East Indian, Brazil, Ac—
Liverpool stock
London stock
Manchester stock _
Continental stock
India afloat for Europe
Egypt, Brazil, &c., afloat.
Stock in Alexandria, Egypt
Stock in Bombay, India
Total East India, &c
Total American
638,000
54,000
351 ,000
173,732
318.001
197,576
10,772
108 000
16,000
10,000
60,000
166,000
12,000
79,000
904,000
1
,000
'273
485
400 17,393
363. 000
31 000
322 000
109 000
167, 020
107 303
417,000
43,000
347,000
73,000
250,390
30,763
7,500
69,000
13,000
8,000
41 ,000
70,000
21,000
135,000
928,000
122,000
13,000
9,000
115,000
110,000
21 ,000
110,000
475,000
96,000
14,000
6,000
83 ,000
185.000
20,000
31,000
659,000
1,355,000 1,285,000
975,000 1,094,000
1,743,081 2,151,233 1,099.931 1,168,653
3,098,081
Toatl visible supply
e.lOd
Middling Upland Liverpool _
10.80c.
Middling Upland, New York..
Egypt, Good Brown, Liverpool
8.65d.
Peruv. Rough Good, Liverpool
Broach, Fine, Liverpool
5 ll-16d.
5^d.
Tinnevelly, Good, Liverpool
,
772,000
49,000
456,000
246,000
399,592
217,299
11,342
.1,743,081 2,151,233 1,099,931 1,168,653
"
Total.
tract.
940
200
American
Liverpool stock
Manchester stock
Continental stock
!
,436,233 2,074,931 2,262,653
5.34d.
5.96d.
6.64d.
10.15c.
10.85c.
12.75c.
8d.
7 7-1 6d.
lOHd.
9.80d.
8.85d.
lO.SOd.
Si^d.
6d.
5?id.
5 l-16d.
5 9-1 6d.
5Md.
Continental imports past week have been 82,000 bales.
The above figures for 1906 show a decrease from last week
ot 138,454 bales, a loss of 338,152 bales from 1905 and
an excess of 1 023,150 bales over 1904.
1
June 30
THE CHRONICLE.
1906.]
TOWNS
the movement— that is,
AT THE INTERIOR
the receipts for the week and since Sept. 1, the shipments
for tiie week and the stocks to-night, and the same items for
the corresponding period for the previous year is set out
iafdetail below.
—
goo
f>l
en 0)
'
63 i"§~ _lies -
-
t^
Q,.
.
-
-
»
2
3-
re
t^
. p:
-3=
2.P o
,
s;
£,,
o
re £;
1
I
I
I
m
I
Ji
ifc
it>.
>.-
00
M ^
o
01 01 ^-
00
^
1—
W
h-
1-^-
N!W®WU)®O0^F- ^ ^cn;o
lO.<1000^^000lOtO>t>.QOO>OiOO
§001
.
H-
*.
00,
Oiooooo fO«oiOi*'^to>ti«oto«o^tois5too>to~awootoco^««oootowaiw
WOOOOl OitN5«OOOWOOi«C^a>>— <IOOO-J'OW03>t^tOOlWtOtOOOC0^5WW
*-MOVOOiOOOi— Oii*.05000«Osil^^^-WtOM02005tDOOOirf^OO
OiOOtoO 0~JOO>;»^Wit^Wtoto ooi-'Cnit>.cc>-'Cnro-»l>».C;<M>;^i^>-' o M tn K"
w o <o o o> to ro CO a>
I
1*^
02 -J o;
o
>;»
H-
w
Ca5
UM
11
11
11
11
10%
lOJi
\oy»
10?^
lOJI
11
11
10^
lOJ^
lOM
—
July —
June
Range
Range
to !D
..
—
..
Range
__
Closing ^
OOtOOtO>t>OOOMOOOaOtOO>-Orf^OOOOtt> Oi M 1— o
December
—
Range
..
Closing.,
—
Cn>-tO
OOi-'
'-'-Ji—tocD
wc-oiom^tooi^eOH-^tootooooi—
CTi
M to * O
— to
>-'
00 05<I
O i^^MJ-jOO
>l^
to
WW
oil
to.
rfk tfk
OS
January
Range
!-->&.
tototo
^J-'i—
I
^^Ml-'
to
rOl-'i-'
tO^-Cl
—to
tOtOMi-'i-'OTtOOiH-vb-C-jtO-atOOMOiOi
05-^05<OtOOOMO'-Ot050tO
^to X»J00i-'O5^^it-O".'*>-4*00>fc.Ol4^COCn^O'. OivitO^OOOO»OtOO<C;<
030 if^OCOO)t002WOO<IifcCT>Oi03W03WOi0500i~J.C.OOT^tOW-qOi»JOO
tO«-I cno~aai>t»^-^Mo — tocooo-^it^-j~j^-^toowtotoo!-^i<^oiH-oi03
•
t^
Ci
c±
^
O)
00
^
H-
,'
I
I
(-•
4:*.
CO
>—
-^
'rfi.
J^'ttk rfi
Oi
oito^-
'-'
h^CntO *»
to to
W
'-'
rfi.C;tCO
Wto'rfk
I-"
t^
—
rti-
if^
C*3
Oi iJ
*'Cntt^tn05CO>-'Cni-'ci03
^— tOH-03>-'tOCO*-0><ICnOOCOOi>;»-OOOii-'<ICOCD4^00iOOOtOO>-Oi
OOi*>l-»Cnrf»OCnOOOOtDC005COCC-10r^lOtO^-COrf».CTiOO^C;iOO^i-'00
.
O^CJlOOOiOJ0500000>&.tOOOO^-OOOCOOOi^05Cn020iCOOltOOOOiC»:
lOJi
11
lOH
101^
Monday, Tuesday, Wed' day Thursd'y, Friday,
June 25. June 26. June 27. June 28. June 29.
— @ — 10.52-. 67 — @ — —
—@—
10.69 — 10.51 — 10.50 — 10.70 — —
10.79-.90 10.6210.80-. 81 10.63-
@.
@
—
— — @—
10. 52-. 67 10. 65-. 84 10.72-.83 10. 78-. 00
10. 66-. 67 10.83-.84 10. 78-. 79 10. 98-. 99
10.29-.36 10.21-.34 10. 16-. 23 10.21-.31 10.22-. 27 10.17- .26
10.28-. 29 10. 21-. 22 10. 21-. 22 10.30-.31 10. 22-. 23 10.25- ,26
10.32-.39 10.2410.32-.33 10.25-
10. 19-. 26 10.25-.34 10.25-.32 10.21-.30
10. 25-. 26 10.34-.35 10.26
10.28-.29
—
10.40-.46 10.32-. 42 10. 26- .31 10.33-. 40 10.3210.38-.40 10 32-.33 10.31-.32 10.40-.42 10.32-
.
Easy.
Steady.
Quiet.
Quiet.
Easy.
Steady.
Steady.
Steady.
Steady.
Steady.
10.32-.34
10.34-.36
Firm.
Steady.
WEATHER REPORTS BY TELEGRAPH.— Our
OTCOtO<OC«OOC<30i004iOtOOl>ft-*-OOOO^Oi03COO^t00^05tOIOtOi--tO
OCOCnOO^Cni;^OC»3CO>tO>-'Cn O*. IOtt^^^i-'i-'0000Cni-'O> 00 H- to CO
__
Closing-.
Spot
Options
1-'
Vj CO
lOH
u
Tone-
-~)0>^>-'^'^(Ji~-10atOOiM><^OStOaoCiJtOi-'v3tOOtO-sjtOil^H-h^tOaiM
Vj
nn
MARKET.—
Sat'day,
23.
Mi-'Oif-'
i-'O) tOtOf-'-'
11.05
iiK
10?i
June
--lCn<Di<^^tO-JCCt-^-ja>OOOtD030tOOOi05tO-4(*^tO«OtO-^OT
i-'>-'tOtOMO>-
IIJ^
10.80
IIJ^
11.05
nys
ilM
Co
•<I0300tO*»<IOCn>(>-tOOiWit^t0^^l-'»JOii—HJh-'-.jOOi-'l— OStt^OO
CO to to 01 Oi
lOM
lOM
10.80
IIM
lOM
Closing.
00
10^
nys
lOVi
Octobei
tOCn^
105^
\1H
Closing..
to "a to to -^ «D
11 1-16
11
ORLEANS OPTION
The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
^?0
Q
—
10^
lOM
Mernphis
St. Louis
NEW
00
,
11 1-16
11
Augusta
Houston
Little Rock.- 10^
toioto
—
Monday. Tuesday. Wed' day. Thursd'y. Friday.
Sat'day.
UK
3
1.31
1
,
Closing Quotations for Middling Cotton on
Galveston
11 1-16
11 1-16
11 1-16
11 1-16
New Orleans. 10 15-16 10 15-16 10 15-16 11
Mobile
10^
10^
105^
105^
Savannah
10^
lOH
10 11-16
lOM
Charleston
10 9-16
10 9-16
Wilmington __ 10%
10?i
Norfolk
ii^
113^
11^
nys
Boston
10.90
10.90
10.80
10.80
Baltimore
nys
ny^
nys
Philadelplua . 11.15
11.05
11.05
11.05
O >
2.
o
cotton at Southeri:! and other principal cotton markets for
each day of the week:
June 29.
-
."^
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS. — Below are the closing quotations of middling
Week ending
o c
c S &B 8 qS g S g^Sy
Is G ^«i
lis
g S^p-^-S 2 5 T^-^o g-B-ag 2 3 rf 3 ? § 3 S Sa.g " 3 Pen; C
S-laS $
!?
1507
co5
The above totals show that the interior stocks have decreased during the week 15,816 bales, and are to-night 19,723
The receipts
bales less than at the same period last year.
at all the towns have been 21,973 bales less than the same
week last year.
tele-
graphic reports from the South this evening indicate that
on the whole the weather has been satisfactory during the
week. Reports from Texas arc to the effect that the drought
has been broken, and that there has been rain in almost
all other localities.
Many of our correspondents report im.
provement in the crop. It is claimed that, although the
drought in Texas has been broken, further rains would be
beneficial in localities.
—
The drought has been broken in Texas
Galveston, Texas.
and the condition of the crop is improving in consequence, but further rains would be beneficial in some loWe have had rain on one day of the past week, the
calities.
OVERLAND MOVEMENT FOR THE WEEK AND rainfall reaching one inch and seventy-one hundreciths.
SINCE SEPT. 1.— We give below a statement showing The thermometer has averaged 80, the highest being 88 and
the overland movement for the week and since Sept. 1, the lowest 72.
as made up from telegraphic reports Friday night.
The
There has been rain on one day of the
Abilene, Texas.
results for the week and since Sept. 1 in the last two years past week, the rainfall reaching one inch and two hundredths.
are as follows:
Thermometer has averaged 82, ranging from 62 to 102.
1905-06
1904-05
Brenham, Texas. We have had showers on five days durSinci:.
June 29.
Since ing the Aveek, the precipitation reaching one inch and
sixtyWeek.
Sept. 1.
Week.
Skipped —
Sept. 1.
The thermometer has ranged from 67 to
Via Sf. Louis
5,691
472,610
7,526
613,390 five hundrdedths.
—
—
Via
Via
Via
Via
Via
979
70
Cairo
Rock
Island
Louisville
43.3
Cincinnati
other routes,
306
&c
3,792
Total gross overland
11 ,271
Deduct shipmentsOverland to a. Y., Boston, &c.
359
Between interior towns
47
Inland, &c., from South
1,401
Total to be deducted
Leaving total net overland. o
a Including
199,972
44,151
99,759
57,224
256,861
movement by
1
,130,577
2,794
643
1,403
325,970
51,926
99,225
534
57,2.39
6,143
335,720
19,043 1,483,470
141,052
19,581
58,082
1,970
1,156
182,217
31.786
56,319
1,807
218,715
3,475
270,322
9,464
911,862
rail to
349
15,568 1.213,148
Canada
The foregoing shows the week's net overland movement
has been 9,464 bales, against 15,568 bales for the week last
year, and that for the season to date the aggregate net overland exhibits a decrease from a year ago of 301,286 bales.
Sight and Spinners'
Takings.
Receipts at ports to .Tune 29
-1905-06Since
In
-1904-05Since
Week.
Sept. 1.
Week.
Sept.
30,637
7,575,328
Net overland to June 29
9 ,464
Southern consumption to June 29 45,000
1,942,000
72,894
15,568
44,000
9,427,254
1,213,148
1,844,000
Total marketed
Interior stocks in excess
91
1
,862
1.
85,101 10,429,190 132,462 12,484,402
62,399 a20,434
165,639
al5,816
Came
into sight during week.. 69,285
112,028
Total in sight June 29
10,491,589
12,64b,64i
North, spin's' takings to June 29 19,201
45,380
2,261,468
2,201,629
a Decrease during week.
Movement
Week
—
1904—July
1903— July
1902— July
1901— July
into sight in previous years:
Bales.
1
...52,1.55
3
.40,0.55
4
6
17,089
68,801
Since Sept.
1
—
190.3-04— .Tuly 1
1902-O.S— July 3
1901-02—July 4
1900-01- July
5
101, averaging 84.
—
—
—
—
thermometer 79, highest 97, lowest 60.
Huntsville, Texas.
We have had heavy rain on three daj'S
during the week, the rainfall being three inches and twentyfive hunddreths.
The thermometer has averaged 83, the
highest being 99 and the lowest 66.
There have been showers on four days
Kerrville, Texas.
of the past week, the rainfall reaching seventy hundredths
of an inch.
The thermometer has averaged 84, ranging
from 69 to 98.
Lampasas, Texas. We have had rain on two days during
the week, the precipitation reaching one inch and sixty
hundrdedths. The thermometer has ranged from 64 to 102,
—
—
—
averaging 83.
Longview, Texas.
Bales
9,842,043
10,460,495
10,083.270
10.061,182
—
Corpus Christi, Texas. It has rained on three days of the
week, the rainfall being sixty-four hundredths of an inch.
Average thermometer 82, highest 99, lowest 65.
Cuero, Texas.
We have had rain on five days of the past
week, the rainfall reaching three inches and fourteen hunTh(> thermometer has averaged 87,
dredths of an inch.
the highest being 105 and the lowest 68.
Dallas, Texas.
There has be(ui rain on two days of the
week, the precipitation being one inch and ten hundredths.
The thermometer has averaged 81, ranging from 65 to 97.
There has been rain on two days durFort Worth, Texas.
ing the week, the rainfall being fifty-four hundrdedths of an
inch.
The thermometer has ranged from 66 to 98, averaging 82.
It has rained on one day of the week,
Henrietta, Texas.
the rainfall being sixteen hundredths of an inch.
Average
—
The week's rainfall has b(>en one inch
and three hundredths on two days. Average th<>rmonieter
84, highest 98, lowest 69.
—
It has been showery on thre(> days during
Lulinq, Texas.
thejweek, the precipitation being fifty-eight hundredths of
THE CHRONICLE.
1508
[Vol. lxxxii.
WORLD'S SUPPLY AND TAKINGS OF COTTON.—
an incli. Tlici thcrmoinetor has averaged 84, tlie highest
The following brief but comprehensive statement indicates
being 101 and the lowest 08.
There Imve been showers on four at a glance the world's supply and takings of cotton for the
Narogdoche.t, Texas.
days of the week, tlie precipitation being one inch and fifty week and since Sept. 1, for the last two seasons, from all
one hundredths. The thermometer has averaged 81, rang- sources from which statistics are obtainable*
ing from 68 to 93.
Rain has fallen on four days during the
Palestine, Texas.
1905-06.
1904-05.
Cotton Takings
week, the rainfall reaching one inch and twenty liundrcdtlis.
Week
and
Week.
Season.
Season.
Week.
Season.
The thermometer has ranged from 66 to 94, averaging 80.
the
one
day
of
week,
Rain
fallen
on
the
Texas.
has
Paris,
Vi.sible supply June 22.
3,236,535
13 570,314
2,545.470
1,123.887
Average ther- Vi.sible suijply 8ept 1
rainfall being eight hundredths of an inch.
American in sight to June 29.
69,285 10, 491, .089
112,028 12,640,041
mometer 82, highest 96, lowest 67.
Bombay receipts to June 28..
12,000 2,502,000
34.000' 2.526,000
San Antonio, Texas. There has been rain on one day the Other India ship'ts to June 28
10,000
319,000
15,000
262,000
300
782,800
827,100
1,100|
past week, the rainfall being thirty-six hundredths of an Alexandria receipts to June 27
Other supply to June 27. a
445,000
9,000
6,000
159.000
The thermometer has averaged 83, the highest being
inch.
100 and the lowest 66.
Total supply
3,337,120 17,085,859
17,538,028
We have had rain on one day of the
Weatherford, Texas.
Deduct
week, the precipitation being seventy-seven hundredths of Visible supply June 29
3,098,081 3,098,081
3.436,23*
an inch. The thermometer has averaged 83, ranging from
Total takings to June 29
239,039 13,987,778
65 to 100.
Of which American
165,739 10,386.978
There has been rain on three
AVu» Orleans, Louisiana.
Of which other
73.300 3.600.800
days during the week, the rainfall being two inches and thirtytwo hundredths. The thermometer has averaged 84.
a Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c.
Rain has fallen on two days of the
Shreveport, Louisiana.
INDIA COTTON
FRO.M ALL PORTS.
week, the rainfall being seventy-three hundredths of an inch.
lowest
69.
highest
thermometer
82,
94,
June 28.
Average
1905-06.
1904-05.
1903-04.
Leland, Mississippi. There has been rain on one day of
Receipts atSince
Since
Since
the week, the precipitation being twenty-three hundredths
Week. Sept. 1.
Week. Sept. 1.
Week. Sept. 1.
The thermometer has averaged 75.9, ranging
of an inch.
Bombay.
12.000 2,502,000 34,000 2,526,000 24,000 2,062,000
from 63 to 88.
Weather favorable for cotton.
Vicksburg, Mississippi.
We have had rain on three days during the week, the preFor the Week.
Since September 1
cipitation reaching two inches and fifty-nine hundredths.
Exports from
The thermometer has ranged from 69 to 93, averaging 79.
Great
ContiGreat
ContiBritain. nent.
Total.
Britain.
nent.
Total.
Crops are in good condition and there
Helena, Arkansas.
We have had beneficial rain Bombay
are no complaints of insects.
1905-06...
on two days of the past week, the rainfall reaching one inch.
000
7.000
8,000
55,000
795,000
850,000
1904-05...
1,000
1,000
19,000
334,000 353,000
The thermometer has averaged 78.8, the highest being 92
1903-04...
566
2,000
3.000
93,000
848,000 941 .000
and the lowest 67.
Calcutta
Memphis, Tennessee. Heavier rain in the immediate terri1905-06...
4,000
4,000
5,000
107.000
112.000
1904-05...
3,000
3,000
2,000
36,000
38,000
rain
on
There
has
been
continue
good.
reports
tory; crop
1903-04...
1.000
1,000
4,000
40,000
44,000
one day during the week, the, precipitation being thirty- Madra.s
The thermomter has ranged
1905-06...
three hundredths of an inch.
3,000
38,000
1,000
1,000
41,000
1904-05...
3,000
13,000
16,000
from 65.3 to 91.1, averaging 78.7.
1903-04...
2,666
2.666
10,000
33,000
43,000
It has rained during the week, All others
Nashville, Tennessee.
the rainfall being fifty-seven hundredths of an inch. Aver1905-06...
1.50,000
5,000
5,000
16,000
166,000
1904-05...
000 11,000 12,000
9,000
199,000
208,000
age thermometer 80, highest 93, lowest 65.
1903-04...
6,000
000
5,000
17,000
239,000
256,000
Heavy rains in west sections of the
Mobile, Alabama.
Cotton condition is generally Total aU—
8-1
interior middle of the week.
1905-06. -,
1,000 17,000 18,000
79,000 1,090,000 1,169,000
very favorable, although there are some complaints of grassy
1904-05..
1,000
15,000
16.000
,000
582,000
615.000
33
There has been rain on three
fields and scarcity of labor.
1903-04...
124,000 1,160,000 1,284,000
2,000 10,000 12,000
days of the past week, the rainfall being one inch and thirtyThe thermometer has averaged 81, the
four hundredths.
ALEXANDRIA RECEIPTS AND SHIPMENTS.
highest being 92 and the lowest 71.
Montgomery, Alabama. Weather favorable this week;
Alexandria, Egypt,
There has been rain
average condition of cotton good.
1905-06.
June 27.
1904-05.
1903-04.
fifty-four
being
precipitation
week,
the
on one day of the
Receipts
(cantars
a)
The thermometer has averaged 82,
hundredts of an inch
This week
2,000
10,000
500
ranging from 69 to 96.
Since Sept. 1
5,870.674
6.203,439
6.454.414
Selma, Alabama. Crop shows improvement since the
Rain
Fields are grassy, however, and labor scarce.
rains.
This
Since
This
Since
This
Since
has fallen on two days during the week, the rainfall reaching
week. Sept. 1. week. Sept. 1. week. Sept. 1.
The thermometer has Exports (bales)
seventy-five hundredths of an inch.
ranged from 72 to 95, averaging 80.
To Liverpool .
2,750 196,670 2,000 210,303
1,500 226,513
166,099
2,750 146,219
134,879
To Manchester
Madison, Florida. The plant is small and many fields
To Continent
f,566 311.637
2,500 302,886 3,756 331,040
Rain has fallen on one day of the week, the rainare grassy.
200 68,893 1,750 70,784
100 50,260
To America
Average therfall being seventy-five hundredths of an inch.
Total exports
4,450 743,299 9,000 730,192 5,350 742,692
mometer 81, highest 92, lowest 70.
Augusta, Georgia. We have had rain on one day of the
Our report received by
MANCHESTER
past week, the rainfall reaching two hundredths of an inch.
The thermometer has averaged 83, the highest being 96 cable to-night from Manchester states that the market
Spinners are
and the lowest 70.
is firm for yarns and steady for shirtings.
Savannah, Georgia. There has been rain on four days of considered to be well under contract. We give the prices for
the week, the precipitation being one inch and thirty-one to-day below and leave those for previous weeks of this
hundredths. The thermometer has averaged 84, ranging and last year for comparison:
—
—
'
—
.
—
—
—
—
—
MOVEMENT
—
—
—
—
—
—
—
—
—
'
.
—
—
.
—
MARKET.—
—
from 71 to 95.
—
The week's rainfall has been
Charleston, South Carolina.
Average
eighty-eight hundredths of an inch, on five days.
thermometer 83, highest 94, lowest 71.
Greenwood, South Carolina. It has rained on two days
during the week, the precipitation being thirty -nine hundredths of an inch. The thermometer has averaged 81, the
highest being 93 and the lowest 69.
The condition of cotton has
Stateburg, South Carolina.
There
decidedly improved during the past four dry days.
has been rain on three days of the week, the precipitation
being one inch and forty-six hundredths. The thermometer
has averaged 81, ranging from 67 to 95.
Charlotte, North Carolina. ^With hot nights, the plant is
growing finely. There has been rain during the week, the
precipitation being one inch and thirty-nine hundredths.
The thermometer has ranged from 66 to 92, averaging 79.
The following statement we have also received by telegraph, showing the height of rivers at the points named,
at 8 a. m. of the dates given:
June 30 1905.
e 29 1906.
—
—
New
Above zero
Orleans
Memphis
Nashville
Stireveport
Vicksburg
.*
AI)ove zero
Above zero
Above zero
Above zero
of
of
of
of
of
Kcaupe.
fjaiiKe.
eraiipe.
gauge.
gauge.
Feet.
7.9
16.3
8.3
5.1
22.3
Feet.
12.4
19.6
12.4
19.6
27.0
1905.
8^
32.?
Cop.
ings,
TuAst.
8M
lbs. Shirt-
cimmon
32s Cop.
May
7H
IH
1
8
15
&8
®
8^/^
®
4.70
4.73
4.83
5.05
5.34
11H(
UHi
SJ^jo 11
Q's'e
Mid
d.
4.61
s.
11-16 5
8 9-16 5
Com
UplS
8H
7 1I-16(3>
22
29
common
to finest.
d.
d.
7 11-16®
25
J'ne
lbs. Shirt-
ings,
Twist.
to llnest.
'
1H(
—
SHIPPING NEWS. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 39,864 bales.
Total bales.
NEW YORK— To Liverpool— June 25— Cevic, 2.633; Ultonia,
June 28— Cedric, 1,633
ami 25 foreign
Hull— June 22— Martello, 150
Bremen— June 25 Prinzess Ahce. 682
Hamburg June 22 Pretoria, 450
Antwerp June 22 Finland, 164
June
St. Petersburg— June 25— Texas, 250
To
To
To
To
To
—
—
—
—
—
119
27— C.
4,410
150
682
450
164
F.
1,046
2,912
Tietgen, 796
To Barcelona— June 23— Athalie, 2,912
To Genoa June 22— Koenigen Luise, 3,304
—
—
Nord America, 168
Jvme 22 Koenigen Luise, 200
To Naples
—
America, 100
To Yarmouth— June 27
— Prince Arthur, 166
June 26
June 26
— Nord
3,472
300
166
June 30
THE CHRONICLE.
1906.
Havre
—
——
4,894
839
To Hainbiirg June 27 Degama, 839
250
To Antwerp June 25 Bellena, 250
28
550
Herm,
550
June
To Copenhagen
800
GALVESTON To Liverpool June 26 Jamaican, 800
3,890
To Havre June 20-^Jamaican, 3,890
SAVANNAH To Liverpool June 25 Palatina, 3,278 upland,
Fridaij,
Prices for wheat flour have
470
38
1
2 ,,395
200
—
j
,537
1
To Bremen— June 27— Rhein, 2,395
To Hamburg—June 23— Brisgavia, 200
PHILADELPHIA To Liverpool—June 22— Merion, 1,000
SAN FRANCISCO— To Japan—June 23— Korea, 100
I
i
1,000
100
---
39,864
508
Philadelphia
1
.
509
1
1,537
nately
—
Mex.,
0th. Eur ope
Great French Ger&c. Japan. Total.
Brilaui ports. many. North. South
166
1,132 1,210 6,684
13,752
New York ,.. 4,560
839
800
New Orleans.
4,894
6,533
Galveston ...
800 3,890
4,690
928
Savannah
4,463
3,757
9,148
4,132
1,000
2,595
,000
San Francisco
100
100
100
39,864
I
j
I
I
Total
167
6,684
2,938
8,323
8,784
.12,868
I
The exports to Japan since Sept. 1 have been 109,000 bales
from Pacific ports and 15,797 bales from New York.
Cotton freights at New York the past week have been as
I
i
follows:
Liverpool
Manchester
c.
Havre, prompt.c.
Bremen
Hamburg
18
c.
20
16
Ghent, v. Ant -C.
Reval, indirect. c.
Reval, v. Canal. c.
Barcelona, Aug.c.
21
Genoa
c.
Tues.
Wed
Thurs.
Fri.
13@14
13(ff',14
13@14
15
18
18
14@15
13(*14
14@,15
18
18
IS
18
18
18
20
16
20
15
20
20
15
15
21
15
18
15
20
c.
c.
Antwerp
Mon.
13@14
Sat.
13(")14
c.
18
20
21
21
21
27
27
27
27
27
30
30
30
30
30
30
18
18
18
18
18
18
32
55
32
32
55
32
55
32
Trieste
32
c.
Japan, prompt.c.
55
55
Quotations are cents per 100 lbs.
.
55
Sales of the
stat-^
•
has been quiet
week.
bales
N-
Ju ne
Junc\7.
20,000
3,200
-
Of which exporters took.
400
Of which speculators took
Sales American..
17,000
_
.
Actual export
4,000
Forwarded
.
49,000
Total stock Estimated _ _ _ .862,000
Of which American Est .751,000
Total import of the week.. . 14,000
Of which American.:
9,000
Amount afioat
68,000
. 41,000
Of which Amen can
.
—
Juncl22
52,000
15.
47,000
2,000
1,000
iO,000
8,000
?0,000
808,000
693,000
55,000
3,000
34,000
73,000
—
•
.
1,000
2,000
17,000
8,000
62,000
767,000
656,000
27,000
17,000
89,000
68,000
all
the week.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
cable from Liverpool we h ave the
of the week s sales, stocks. &c., at
ment
A
Rains have impeded the harvest and delayed the jnoveinent
LIVERPOOL.— By
following
that port:
downward, owing mainly to more favorable weather conditions in the Southwest, where harvesting is in full progress.
private estimate of the winter-wheat crop of 420,000,000
bushels has also had a depressing effect.
Northwestern
pricts have latterly declined and July wheat, which a year
ago was at a considerable premium 'at Kansas City over
September, is now at a discount there. The "Modern
Miller" says that returns from the threshing of winter wheat
generally show a good yield of grain of excellent milling
quality, that few reports of deficient yields are received, that
crop conditions in Nebraska have improved since the recent
rains, and that a good crop proni'se elsewhere is maintained.
to market, but the prospects are that the movement will be
free if the weather continues favorable.
To-day prices further declined, mainly owing to favorable weather, weaker
Northwestern markets, indications of increasing arrivals of
new wheat at the West, and favorable reports in regard to
weather, plowing and seeding in Argentina. Export trade
14(5)15
16
21
27
still far apart and the clearances for
Europe show no increase. At the Northwestern milling
centres some mills report a slightly better demand, but the
majority see no change. Buyers are bearish and take flour
in a small way as they have to have it.
It is impossible to
do any foreign business in patents, though a few lots of
clears have been sold for shipment to Holland and London,
low through freight rates having facilitated such transacCorn meal has been dull but firm. Rye flour has
tions.
been quiet and steady.
Wheat has not fluctuated within wide limits. It has altermoved up and down within a comparatively moderate
compass, affected now by unfavorable crop reports and
now by a better outlook. Of late the drift has rather been,
The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Baltimore
June 29 1906.
little
porteis and sellers are
100
100
200
1
—
shown
change during the
week. The trading has been on a very small scale, with an
absence of noteworthy developments. In the main it is a
3,443
1,020 waiting market.
Millers show as little disposition as ever
3,557
328 to shade quotations, while buyers continue to take only
200 suflicient flour to satisfy immediate requirements.
Ex200
l(j5
Total.-
509
BREADSTUFFS.
Total bales.
— June 23 — Mexico, 4,894
—
——
—
—
—
—
—
—
—
Sea Island
To Manchester— June 25 — Palatina, 1,020
To Bremen —June 28 — Hansa, 3,557
To Rotterdam — June 23 — Voorburg, 328
To Hamburg—June 28 — Hansa, 200
To Got.henburg — June 28 — Hansa, 200
To Norrkoping— June 28 — Hansa, 100
---j
To Uddervalle—June 28 — Hansa ,100
To Reval—June 28— Hansa, 200
June 22
BOSTON — To Liverpool—June 20— Cymric, 40
June 26
June 25— Saxonia, 230
Sachem, 100
Winifredian, 100
To Manchester — June 22 — Caledonian, 38
To Hahfax — June 19 — Halifax,
BALTIMORE— To Liverpool— June 22 — Templemore, 1,537
NEW ORLEANS — To
Boston
J
June 29.
35,00C
1,000
1,000
Sat.
Mon.
Tues.
No. 2 red winter
July delivery in elevator
September delivery in elevator
95 ^^
90Ji
December delivery
90 j|
94%
89%
8SH
89%
94%
90%
89%
90%
in elevator
89^
Wed.Thvrs.
94%
89%
89%
90>i
94
89%
89
90
Fri.
92%
87%
87%
88 J4
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat.
I
i
July delivery in elevator
Mon. Tues. Wed. Thurs.
83Ji
September delivery in elevator.. -84
;
31 ,00C
10,000
50,00C
•
74i.,00C
63S ,00C
39,000
!
'
3) ,00C
75,00C
51 ,000
'
I
December delivery
in elevator
84%
82%
83^^
835^
82^4
83^
83H
84M
83%
84Ji
82Ji
R3
84
Fri.
81
81%
82M
Indian corn futures have been active and irregular, with
the tradings largely for quick turns pending further developmenls in the crop situation. Bulls have been favored at
times by smaller country acceptances, a good cash demand
at the West, a revival of export buying and an absence of
any very aggressive selling for the sho.rt account. Cash
interests have been good buyers at times.
On the other
hand, the weather conditions have been more favorable,
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing pr.ices of food
I
'
IR-
Spot.
Saturday
Monday.
Quiet.
Quie,
7'uesday.
Wed' day.
Thursday.
Friday
Dull.
Dull.
Quiet.
Dull.
!
I
Market
I
12:15
P.M.
I
Mid
6.19
.Upl'ds
6.14
0.14
6.11
5,000
Spec.&exp.
Futures.
Market
opened
1
j
5.000
500
7,000
500
700
Quiet at
point
1
advance.
5,000
6,000
Steady at
Steady at
4 pts.
decline.
3(n'0 pts.
](3>2 pt.s.
2
advance
advanco
:i<&
decline.
I
500
Steady at
Quiet at
points
2 points
decline.
'
;
j
Cash corn
58^-4:
July delivery in elevator
58J^
4
P.M.
Steady at Sfy unch. Steady at
2(a3 pts.
pts. 4(5)7 pts.
3
advance
decline.
decline.
@
Firm
at
1(3>3 pts.
advance.
Quiet.unch.
to 2 pts.
dceline.
Sty
at
1
pt. dec. <a
2 pts. adv.
I
I
The
prices of futures at Liverpool for each day are givon
Prices ;ire on the basis of Uplands, Good Ordinary
clause, unless otherwi.se stated.
The price.i arc given in pence and lOQlh. Thit.": 5 90 means 5 90-lOOrf.
below.
i
I
,
Mon.
Tues.
Wed.
Thurs.
Fri.
June 25 June 26, June 27. June 28 June 29.
Saf.
June
23.
4
12^
12M 4
p.m p.m. p.m. p.m p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
12H
12J^ 123^
d.
June
June-July
Jiily-Aug.
Aug. -Sep.
Sep. -Oct .
Oct .-Nov.
Nov. -Dec.
Dec. -Jan.
Jan .-Feb
Feb.-Mch.
Mch.-AT)r.
Apr. -May.
d.
d.
X(.
5 90
5 8 5 S3
5 84! 5 80
5 74 5 7]
5 67 5
5 62 5 58
5 61 5 57
5 61 15 57
5 62:5 .58
5 63 15 59
5 64 5 61
5 65 5 62
.-
1
i
m
4
12M
d.
d.
5 89 5
5 86 5
5 83 5
5 74 5
5 64 5
5 60 5
5 59 5
5 59 5
5 60 5
5 61 5
5 62 5
5 63 5
12H
d.
d.
d.
d.
d.
d.
I
i
j
d.
86 5 85 5 83 5 86 5 87 5 85 5 82 5 87
83 5 81 5 80 5 83 5 84 5 81 5 8015 82
78 5 76 5 76 5 78 5 80 5 77 5 7515 77
1
69
59
54
53
53
5 67 5 67 5
5 5915 58 5
5 .5415 53 5
5 53 5 52 5
5 5315 52 5
.541 5 54'5 53 5
55! 5 5515 54 5
56i 5 56 5 56 5
57( 5 57 5 56 5
69 5 71 5
61 5 62 5
56 5 58 5
55 5 57 5
55 5 57 5
56 5 .58 5
58 5 .59' 5
59 5 61 5
60 5 62 5
68 5 67l5
I
Sat.
Mon.
5 .58 5 .58
59; 5 59:5 60
58K
60
5814
58?i
NEW YORK.
Fri.
59)4
60^
^^H
58?|
58?i
5734
67%
58Vi
57)^
Ttirs.
Wed.
Tliurs.
Fri.
50^ 51% 52)4 52% 52%
51% 52% b2H 52% 52 Ji
49% 50% 50% 50
50%
the Western market liaA-^e been
July delivery in eievator...
513^
September deli very, in elevator... 51%
December delivery In elevator
495^
Oals for future delivery
in
Recessions have taken place at times
in sympathy with declines in other cerea's, but on the whole
tlie tendency of the market has be(^n towards a higher plane
of vakirs, owing mainly to unfavorable crop reports.
It
seems to be p;.tty generallj'^ accepted in the trade that the
ciop will be a short one.
Many of the reports state that it
will b-:^ materially below an average yield.
The cash demand
of late has been active, at advancing prices.
To-day the
market advnnced, owing to "bulli.^h" crop reports, cov(M'ing
of shorts, light offerings and active commsslon house buj'ing.
and stiong.
DAILY CLOSING PRICES OF OATS IN NEW YORK
I
j
DAILY CLOSING PRICES OF NO.
Sat.
I
'
,
I
58
IN
Wed. Thurs.
Sat.
Mon.
Tues.
Wed.
Thurs. Fri
Mixed, 26to32 1bs42%.42K 42!4-42»4 42%-42'»^ 43
43 435^-44
White dipped, 36 to
..43%-45 43V^-45
38 lbs
44 -45 44^^-46 44)4-46 45-46
61 5 .5915
.581
Tues.
59
57M
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
I
(!9
60
56 5 5'5I5 55
55 5 5415 54
55 5 .5415 .54
56 5 5515 .55
57 5 .56'5 57
Mon.
September deliverv in elevator. -.58%
December deh very in elevator
57J^
active
I
MIXED CORN
58?i
57)^
5734
565^
'
Market
2
I
4.000
600
500
Steady at
DAILY CLOSING PRICES OF NO.
Sat.
6.10
G.I5
I
Sales
rains have fallen and temperatures have been higlier.
crop news has been better and tlr's has naturallj' led to
considerable licpiidation.
The demand to cover has been
less urgent and the receipts at the primarj'^ markets have
been laige. To-day prices advanced, owing to the strength
of oals, light country acceptances and covering of shofts.
'he
spot cotton have been as follows:
delivery in elevator
38%
September delivery in elevator.. -35%
December delivery in elevator
36
.Ttily
2
MIXED OATS
Mon.
Tues.
37%
38%
35%
36%
34?i^
35%
IN CHICAGO.
Wed. Thurs. Fri.
39%
36
36%
39%
36%
36%
39%
36%
37%
THE CHRONICLE.
1510
Nominal.
average quantities without change in prices. There have,
however, been reductions of 3^c. to i^c. in some lines of
Canton flannels, which appear to have been above the general
market.
Buyers who were waiting for lower prices on staple
prints have had their policy justified by a general reduction
of ]/2^- P^''" yard.
The new prices have evidently conformed
10®
90®
3 50
more
3 00
has been on a larger volume thin for some time past.
closing quotations:
The following are
FLOUR.
Low
$3
grades.--
2
3
3
Second clears
Clears
Straights.Patent, spring
4
4
4
Patent, winter
Kansas patents
20@f3
50®
60®
80®
26®
60®
15®
2
40 Kansas straights
(iO
3
4
4 70 Graham flour
4 20 Cornmeal
3
c.
bush.
— Mixed,
white
Oats
No.
No.
No.
91><
89j|
f.o.b.
f.o.b.
f.o.b.
f.o.b.
2
2 mixed
2 wliite, cUpped
92^
88^
3
85® $4
30® 3
80® 5
50® 4
2
GRAIN.
Wheat, per bush.
N. Dul., No. 1-.
N. Dul.. No. 2..
Red winter. No. 2
"
Hard "
$3
Ivansas clears
3 85 Ulended patents
3 85 Rye flour4 40 Buckwheat flour
00
60
id5
25
—
Corn, per bush
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush.
60K
f.o.b.
f.o.b. 60"^
f.o.b. 61
No. 2 Western...
State and Jersey.
Nominal.
Nominal. Barley Western ..
- Nominal. Feeding
63
Nominal.
Nominal.
Nominal.
—
[Vol. lxixh.
H
market values, and
to their ideas of
this
week business
Fine
printed fabrics are firm and generally well sold.
Ginghams
The demand for print cloths
are without material change.
shows little variation from recent weeks, and, despite the
advance in wages, manufacturers have reduced their quotations 3^c. to '6%c. for 28-inch, 64 squares and narrow odds
relatively.
Wide goods are firm with a fair demand.
WOOLENS AND WORSTEDS.— It was noticed last
week that the new lines of seiges opened for spring trade had
GOVERNMENT WEEKLY WEATHER REPORT.— met with a favorable reception at the hands of the trade,
Mr. James Berry, Chief of the Climate and Crop Division of and this week's experiences have been quite in keeping thereThe new orders placed have been on such a liberal
the United States Weather Bureau, made public on Tuesday with.
the telegraphic reports on the weather in the various States scale that already agents are announcing the withdrawal of
lines, and this without the attendance of buyers here being
for the week ending June 25, summarizing them as follows:
The droughty conditions prevailing in the previous week in the upper other than of an ordinary character. The proceedings so far
are significant of an uncertainty on the part of buyers as to
Mis.sissippi and lower Missouri valleys have been largely relieved, but
drought continues generally unbroken in Louisiana and southern and what are likely to prove favorites outside of such goods as
eastern Texas, while portions of northwestern Missouri and southern staple lines in woisteds, and further that, up to date, they
Missi-ssippi and central and western Tennessee, Oklahoma and western
fail to confirm the belief held in some quarteis that spring
South Dakota need rain.
In the Southern States and Pacific coast districts the week averaged trade would show a diversion in the direction of woolen
usual, but throughout the central and northern portions of
the country it was abnormally cool, frosts occurring in the Rocky Mountain region and in portions of Washington and Oregon, with freezing temperatures in Wyoming.
Numerous local stor-ms of considerable severity, in places accompanied
by hail, occurred in the OliioiValley and Middle Atlantic States during
tlie latter part of the week.
warmer than
For other tables usually given here see page 1478.
THE DRY GOODS TRADE.
Friday Night, June 29 1906.
sales in the large jobbing houses
have been the chief feature of the week. These sales are
held without regard to current market conditions, reduced
prices being made to clean up generally broken stocks and
make room for new season supplies. At the same time
The half-yearly clearance
fabrics to a greater extent than in recent seasons.
It is early
yet to speak with any assurance on the latter point, but
initial proceedings have not been encouraging to manuThe re-order demand for heavyfacturers of woolens.
weights has been without special feature in suitings and
Fair orders
trouserings, and has been slow in overcoatings.
are coming forward for fall lines of woolen and worsted dress
Spring
goods, grays, plain and fancy, predominating.
business has not really opened, but .some advance orders of
considerable extent are reported quietly placed, chiefly in
The production of carpets is reported cut
broadcloths.
down to some extent by the difficulty of securing adequate
supplies of carpet wool.
FOREIGN DRY GOODS.— Woolen
and worsted dress
the better qualities, and
satisfactory orders are reported in high-grade worsteds for
men's wear for the light-weight season. Silks and ribbons
Linens are very firm, with
are quiet without special featuie.
sellers reserved on all but goods in stock or known to be coming forward; new business in future shipments still being held
in check to some extent by the attitude of sellers.
Burlaps
are quiet with sellers at last week's prices.
goods continue in
fair request in
market conditions exercise some influence over the clearance
sales, determining the extent of the price reductions and the
celerity or sluggishness with which the goods are purchased.
When jobbers, therefore, report that this week their concessions on prices were mofe conservative than usual, and
that in. spite of this clearances were completed with greater
ease and rapidity than generally experienced with such sales, Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
the results may reasonably be held to fully confirm current reports of satisfactory conditions prevailing throughout the at this port for the week ending June 28, 1906, and since
dry goods trade as a whole. The market at first hands has Jan. 1 1906, and for the corresponding periods of last year,
not, however, thrown much new light upon the situation. are as follows:
The aggregate business for the week has exceeded the total
M
for the preceding week, but the increase has been too
3
o o S3g9^3
a o
moderate to be taken as an indication of any change in the
O
The goods in greatest demand are the
policy of buyers.
3i
3
pi
3
H
most difficult to secure, while those of which sellers have
CO
2.
OQ
most liberal supplies are not easy to move, and in them
o a.
W
buyers, as a rule, hold out for concessions. The continued
absence of export business of moment is an unfavorable
*0 M*
S)
>
feature of the situation in heavy cotton goods, and the propi
.
1
'
Business in the
duction of these is being further curtailed.
woolen and worsted goods division has been on an extended
scale, and buyers have operated liberally in some of the new
lines of men's wear fabrics for next spring.
DOMESTIC COTTON GOODS.— The
exports of cotton
goods from this port for the week ending June 25 were 4,242
packages, valued at $265,010, their destination being to the
MM
wco
h-
to
00 CO
Mrf^OiOi—
1906
New York
to
June
946
Since
Jan. 1.
689
735
63,773
5,125
19,763
4,589
10,966
1,085
7,788
27,654
8,505
4,242
150,672
Week.
25.
J
China
India
1,325
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries
Total
i
254
367
56
285
1,009
h-ooot-co
w OMMOro
^31
1905
2
Since
Jan. 1.
642
1
353
6,562
73,571
8,803
13.247
5,620
14,491
Week.
232
764
460
577
26
9,066
29,395
9,458
10,012
166.005
of these New York exports since Jan. 1 has been
$8,531,290 in 1906, against $8,882,099 in 1905.
Business has been reported in heavy brown cottons at
irregular prices, some transactions showing further concessions granted to buyers without drawing out any marked
increase in the home demand or securing business from exporters for the China market.
Goods bought for the latter
some time ago but not shipped are reported being quietly
offered for re-sale, conti'ibuting to the irregularity of the
situation in heavy brown .^heelings and drills.
The market
is well sold ahead in leading lines of bleached cottons, and
scattered advances of 3^c. per yard show the prevailing
tendency. There is no change in the medium and low grades,
which are in moderate request. Coarse, colored cottons of
the order of denims, tickings, &c., are selling in about
The value
'
'
*^
.-^
W^- W W
it..O
I— Mit'-MO
MM CO
w
WF- 00 (Of- 01 00
H M
w M Viw
00 00
03
M W
u
w WMOiMOi
CDMOtMOO
i;'
MM
MM
Ost-'
OS
Mco
00I-O5MM
MOT
MOO
roo
ooom"i-
2
00
w V
I—
-
W3>Oti—
s;
ootg 03
t;i— s
WWOOMtO
OdWMQO
Mtt^'i-MW ««g.S
*.CDM
WO
n.
rf>.M00MO>
f.§t
CO00Ol*-M
rf^cOcOi—
OlOOOOOOl
§3
o
Ml-'
MtOCn wco
O 00 M M
OOOOiP-'
CO
MCOOiif'M
>
00*.CDOi&-
>
M p
M
W WC0 05C0
pi
00
M
Oil-
h^M
00
00 to
M
w'^-biMCO
c^
00
OI-'
MW
o>
or
00
MOO
000
w
00i*>.
I— K-
W*^M
ll^O
a:
WM
W — 01—
OOM WOiM
^-
CDrfvCO
GO 00
f W-.)WiO.
H'
to
h-C
—
o
CO
O5WM00I—
|-CD1-0>0
d
O
'Z
OIW
i—
Vm
l<^M
oscnwi-'
CO CO CO H- 00
WCiMMOl
Ml—
C0
4^0 Wi^
OOOif'i-M
COi-Mi-00
>
pi
3
ooMooi;>.w
OOOSOiOl
oiooi
05 - CO OOM
MWMMOO
a
a
MM
>
S2
OlM^-MM
00 Or
I"
WcOMOiO
"co"i—
OiOtOMOS
WW
I--00
a
pi
O
OJi^^COOtOO
d
WM
W>b.0OWOO
•.qM
to
ow
rf>-
wo>
tn
w
w
o
d
w
>;>.00CnOO
00 CO 01 1—
1^
-J
to
CD
H-M Wrf».M
OSWCOi-'rf^
ht'OCOi-'CO
o"-^Cno'>-'
1,.359
6
1,261
121
a
a
o
pi
o
o
:
W
M
O
^- *. M CO 05
d
M Or O 00
^ w O
00MOSO5I—
!-•
bO
points specified in the table below:
Great Britain
Other European
0>M *-M
M^ItOOO)
^050-^ W
pi
o
H
w
«e-S.-
s
c^
•
to
O
p
-o> 00
Oi^MCOM
OiOiMOi^
CO 05
M,.
t0 3]
\jj
^7**^ r^
x:
h-.
p^
ooow*.w a-ocog;
Ol-fc-MOiCO
MOW
MO
I- 00 Ot ^ M
H
S
^2-o5 2
H
«?""«
t^
r?
>
OCDOlOOO
w
w
pi
OOOOlMO)
woo
^MM
O^C^iCOi-'
M^
(*>•
^
w
M
00
'.O
WWM
t-'i-'
C0 3S
Mb>cow">-'
i;^oo
WOi OMi-'
i-'Oi^'OCO
Oi Cn f^ 01 Oi
MO
MW
OW
,(».
to*"
00
W05
00 00
00rfi*-Mi*^
ooi<>.-ao-4
M
011COl-
bo""-OOMOi
OOO1MW W
005lf>.OiOO
W Wt—
OiOi O 3iOi
h5
w MCOMMO!
M
W WMM
M >fc.M
O
*.0>00 W 35
MM
w Ml- OOWi*>-i*k
H-i
WM
00
1&.
l(^
>;^
OOOiWOOOJ
h-Wif^MOl
CO
MOOiCOOO
O
3
>
2:
I— I—
"M"a:">&-Vco
4^3iO)>UM
1— *.Oi
w*.
l-MWMOl 'SCD
'
wo'*, w"-'
O3
00MMM
ifs.MMlf'Cn
Cft
O
June
THE CHRONICLE.
30 1906.1
1511
—
—Bonds
News
Items.
—The
bonds of the £30,000,000
sterling loan (second series) of the Imperial Japanese
Government (see advertisement in "Chronicle" June 9, p.
Japan.
Listed.
43^%
—
Biloxi, Miss.
Bond Offering. Proposals will be received
until 7:30 p. m. July 5 by O. G. Swetman, City Clerk, for
the $12,000 4J^% coupon refunding city-hall bonds mentioned in V. 82, p. 946.
Denomination $500. Date June 22
1906.
Interest payable in Biloxi.
Maturity from one to
twelve years. Certified check for 5%, payable to the Mayor,
is required.
Bonded debt, including this issue, $112,000.
Assessed valuation $2,000,000.
Bonds to Be Issued Shortly. We are informed that $17,000
xiii.) were listed on the New
refunding bridge bonds will be put on the market within
»
27.
the next sixty days.
Bloomington School District (P.O. Bloomington) Monroe
County, Ind. Bond Offering. Proposals will be received
Negotiations this week until 2 p. m. July 5 by the Board of Trustees for $22,300 4%
Proposals
school-building bonds.
Certified check for $500 required.
kare been as follows
Adams County (P. O. Decatur), Ind. Bond Sale. On Phillip C. Holland is President of Board of Trustees.
Boise City, Idaho. Bond Sale.
On June 14 $23,312 12
June 25 the three issues of macadam road bonds described
1-10-year (serial) sewer-construction bonds were awarded
in V. 82, p. 1453, were awarded as foUpws:
$7,480 iH% coupon Geneva, Ceylon and Wabash Township No. 3 (Wabash Town- to the Bankers' & Lumberman's Bank of Portland, Ore.,
ship) macadam road bonds to J. F. Wild & Co., Indianapolis, for
for $23,451 99 for 6s.
A bid of par for 6s was also received
$7,523 and accrued interest.
from the New First National Bank of Columbus, Ohio.
6,940 434% coupon Alonroe Township Central No. 2 (Monroe Township) macadam
road bonds to J. F. Wild &Co., Indianapolis, for $5,590 and accrued
Denomination $500, except one bond for $312 12. Date
interest.
6,940 4)4% coupon E. S. Moses (Union and St. Mary's Township) macadam road
July 1 1906. Interest semi-annually at the City Treasurer's
bonds to the Old Adams County Bank oJ Decatur tor $7,017 50
office or the Chase National Bank in New York City.
and accrued Interest.
Boston, Mass. Temporary Loan. The City Treasurer
June 21 the $309,000 4%
Altoona, V&.—Bond Sale.
10-30-year (optional) refunding bonds described in V. 82, recently borrowed $500,000 from the Old Colony Trust Co.
Loan matures Nov. 2.
p. 1393, were awarded to Hayden, Miller & Co. of Cleve- at 4%.
land for $311,875, while the '$100,000 4'% 5-30-year (opBoynton, Ind. Ter. Bonds Voted. The issuance of $10,tional) street-improvement bonds were awarded to N. W. 000 5% 20-year school-building bonds was authorized at an
Halsey & Co. of New York City for $100,619. A bid of election held in this town on June 12. These bonds, we are
$310,875 was also received from Rudolph Kleybolte & Co. informed, will have to be approved by the Secretary of the
The $300,- Interior before they can be offered.
of Cincinnati for the $309,000 refunding bonds.
000 4% 5-30-year (optional) reservoir bonds offered on the
Bradford, Miami County, Ohio. Bond Sale.
On* June 25
same day were not awarded.
the $7,174 43/^% coupon refunding bonds described in V. 82,
Andover.Mass. Temporary Loan. A loan of $10,000 was p. 1394, were awarded to A. C. Cable for $7,338 28 and acrecently negotiated with Loring, Tolman & Tupper of Boston crued interest.
The bids were as follows:
—
York Stock Exchange on June
Bond
—
and
—
,
—
—
—
—
—
—On
—
—
—
—
—
at
—
4.57% discount. Loan matures Nov. 10.
Anne Arundel County (P. O. Annapolis), Md.^Bonds Not
—
According to local reports, no bids were received on
June 26 for the $250,000 4% coupon bonds described in
Sold.
V. 82, p. 1393.
—
—
—
A. C. Cable
P.S.Briggs
&Co.
$7,338 28ISecur Sav.Bk.& Tr.Co.,Toledo..$7 220 00
Cincinnati.. 7,259 00 iLamprecht Bros. & Co., Cleve.. 7,183 10
—
—
Bratenahl (P. O. Cleveland), Ohio. Bond Offering. Proposals will be received until 12 m. July 20 by Clifford A.
Neff, Village Clerk (Station H, Cleveland), for $1,550
5%
coupon
boulevard-improvement assessment bonds. Denominations: two bonds for $500 each and one bond for
Date May 1 1906. Interest May 1 and Nov. 1.
$550.
Maturity $500 May 1 1911, $500 May 1 1914 and $550 May
Authority Sections 1536-281 of the Municipal Code. Date 1 1917. Certified check for 10% of the bonds bid for, payJuly 1 1906. Interest annuaMy in Bellaire. Maturity one able to the Village Treasurer, is required. Accrued interbond of each issue yearly on July 1. Official circular states est to be paid by purchaser.
that the city has never defaulted on principal or interest and
Bratenahl School District (P. O. Cleveland), Cuyahoga
that there is no controversy or litigation relating to or County, Ohio.—Bonds Proposed.—
It is stated that the School
threatening the validity of these bonds.
Board has decided to issue $10,000 bonds for building purTemporary Loan. This place recently poses.
Arlington, Mass.
borrowed $15,000 for five months at 4.49% discount.
Cairo, Grady County, Ga..—Bond Sale.
On June 6. this
Bonds Not Yet Sold.-^No place awarded an issue of $10,000 5% 6-15-year (serial)
Artesia, Eddy County, N. M.
sale has yet been made of the $50,000 6% 20-30-year (op- water, electric-light and town-hall bonds to "The Robinsontional) water-works bonds offered on May 8.. ^f'or descrip- Humphrey Company of Atlanta.
Denomination $1,000.
tion of tliese securities see V. 82, p. 824.
Date July 1 1906. Interest semi-annual.
Atlantic City, N. J.—Bond Sale.— On June 23 the $65,Camden, N. J.—Bond Sale.~On June 22 the $38,000 4%
000 4% gold coupon 'school bonds were awarded to H. L. 30-year repaving bonds described in V. 82, p. 1394, were
Crawford & Co. of New York City at 101.02 -and accrued awarded to Howard K. Stokes of New York City at 104.622.
interest, while the $35,000 4% gold coupon paving bonds The bids were as follows:
offered on the same day were awarded to N. W. Halsey & Howard K. Stokes, New York...I04.622 John D. Everitt & Co., N. Y
102 375
L. Crawford & Co., N. Y
103.788 Blodset Merritt & Co.. Boston.. 102.27
Co. of. New York City at 101.097 and accrued interest. H.
N.W. Halsey & Co., New York. -103. 0791.\dams & Co.. Boston
...
101.81
».
R M. Grant & Co., New York. ..102. 77 Dominick & Dorainick N. Y.. .10103
Following are the bids:
N. W. Harris & Co., New York.. 102. 614 Hhoados & Co New York.
$35,000
$65,000
100 893
school bonds, paving bonds
Camden County (P. O. Camden), N. 3.—Bond Offering.
H.L.Crawford &Co.. New York
...101.02
..'
N. W. Halsey & Co., New York
101.097
Proposals will be received until 11 a. m. July 11 by the
Kountze Bros., New York
100.59
100.44
Howard K. Stokes, New York
100.412
Board of Chosen Freeholders for $66,000 4% road-improveJohn D. Everitt &Co., New York
100.83
100.1.32
N. W. Harris &Co.. New York
100.184
100.184
ment bonds. Bonds will be coupon in form or registered,
Blodget, Merritt & Co., Boston
100.08
100.13
R. M. Grant & Co., New York
100
100
or both, at the option of the purchaser.
Denomination
For description of these securities see V. 82, p. 1334.
Date July 1 1906.' Interest semi-annually at the
$1,000.
Babylon, Suffolk County, N. Y.—Bond Sale.— This vilUnited States Mortgage & Trust Co. in New York City or
lage recently awarded $20,000 4% bonds to the Riverhead
at
the County Collector's office.
Maturity $22,000 on July 1
Savings Bank of Riverhead. A bid was also received from
in each of the years 1916, 1921 and 1926.
the Union Savings Bank of Patchogue for 4)^ per cents.
Certified check
Bay City, Bay County, Mich. Bond Offering .—Proposals on a national bank for 5% of the amount bid, payable to
will be received until 3 p. m., July 2, by C. J. Barhett, City
the County Collector, is required.
Accrued interest to be
Bond Offering. Proposals Avill be reBellaire, Ohio.
ceived until 12 m. July 9 for the following bonds:
$1,918 50 6% coupon Franklin Street improvement bonds. Denomination $191 85
650 90 6% coupon Trumbull SWeet improvement bonds. Denomination $65 09
—
—
—
—
I
I
I
1
—
,
,
—
Comptroller,
for
$.50,000
4%
local
Improvement bonds. paid by
Date May 15 1900. Intefest semiannually in New York City. Maturity $20,000 in three
years, $15,000 in five years and $15,000 in eight years.
Each bid must be accompanied by an unconditional certified
Accrued
check for $500, payable to the City Comptroller.
interest to be paid by purchaser,* who must also furnish
lithographed bonds free of cliarge to the city.
Proofs of
legality will be furnished to purchaser.
These are ther same
bonds awarded on April 19 to W. R. Todd & Co. of Cincinnati (V. 82, p. 999), but we arc informed that they were subsequently refused by them on the ground that their attorneys
would not approve the issue.
Benton County (Wash.) School District No. 12. Bond
Pioposals will be received until 10:30 a. m. July 14
Offering.
by C. O. Kelso, County Treasurer, P. O. Prosser, for $1,650
10-year coupon school-building bonds at not exceeding
6% interest. Interest annually at tlie office of the County
Denomination $1,000.
—
—
Treasurer.
Bonded debt, not inchiding this issue, $1,650.
Assessed valuation for 1905, $48-,700.
The
purchaser.
official notice of this
bond offering will be found among
Department.
the advertisements elsewhere in this
Cape Girardeau School District (P. O. Cape Girardeau),
Cape Girardeau County, Mo. Bond Sale. On June 20 the
$20,000 41/^% 5-20-year (optional) coupon school-building
bonds described in V. 82, p. 1335, were awarded to the
W. R. Compton Bond & Mortgage Co. of Macon.
Carlisle, Cumberland County, Pa.
Bonds Authorized.
An ordinance was passed on June 14 authorizing this borough
to i.ssue $8,500 4% coupon funding bonds.
Denomination
not less than $100.
Date of bond.s July 1 1906. Interest
—
—
—
—
semi-annual.
Maturity July 1 1921 subject to call on
July I of any and every year prior to that date on sixty
days' notice.
—
Carlyle, S&s^s..— Debenture Offering.
Proposals will be received until 7 p. m. July 5 for $5,000 5% debentures.
F. J.
Stent is Town Clerk.
THE CHRONICLE.
1512
Chatfield Township (P. O. Chatfield), Crawford County,
until
J*]0]jo.sals
will be received
Ohio. lioiul OJfcring.
12 ru. July 13 by J. H. Brown, Township Clerk, for «]!t,000
5% pike-road improvement bonds. Autlioritj' Sections
Denoniiuiition
2835. 2836 und 2837 of the Revised Stututes.
Date July 1 1906. Interest Mareh 1 and Se})t. 1.
$500.
Certified check (or cash) for .?100, payable to the Township
Piircliaser to pay accrued interest.
Treasurer, is recjuircd.
—
—
Chelan County School District No. 46 (P. O. Wenatchee),
W&sh.—Bo7id Sale— On June 23 $12,000
4%
1-20-year
(optional) school-building bonds were awarded to the
Public Lands Department of the State of Washington at par.
Denomination $1,000. Date June 23 190G. Interest semiannual.
—
—
Chelsea, Mass. Bonda Authorized. The Board of Aldermen recently authorized the issuance of $50,000 10-year
street-improvement bonds. We are informed, however,
these bonds will probably be taken by the Sinking Fund
Commissioners and will not be put on the market.
—
— South
—
Park. Bond Offering. Further derelative to the offering on July 2 of the
serial coupon bonds mentioned in last week's
$1,000,000
Proposals
issiie, and which are to be offered on July 2.
Chicago,
111.
[Vol. Lxjxxii,
—
—
Condon, Gilliam County, Ore. Bond Offering. Proposals
m. July 2 Vjy C. H. Horner, City
6% gold coupon water bonds. Denomination $500. Date Aug. 1 1906. Interest semiannually at the office of Kountze Bros, in New York City
Maturity Aug. 1 1926.
will be received until 8 p.
R(.'corder, for $17,000
Conneaut, O'in.o.—Bond Sale.— On June 2i,$600 5% Depot
awarded to the Sinking Fund
Street sidewalk bonds were
Trustees
—
Cooper, Delta County, Texas. Bonds Registered.—rOn
June 12 $13,600 5% 10-40-year (optional) sehool-house
bonds dated April 10 1906 were registered by the State
Comptroller.
Courtland, Southampton County, Va. Bond Offering.
Pru{)o.sals will be received until 12 m., July 1, by W. J.
Sebrell Jr., Mayor, for $5,000 6% registered school-house
bonds.
Denomination $500. Date July 10 1906. Interest
annually at the People's Bank in Courtland. Maturity
$2,000 in one year, $2,000 in two years and $1,000 in three
years.
No bonded debt at present. These are the same
—
—
bonds offered but not sold on June 1
Crawford County Eoad District No. 1 (P. O. Bucyrus),
Ohio.—Bond Sale.— On June 26 the $20,000 5% .12-year
will be received at 4:30 p. m. on that day by the South coupon road improvement bonds described in V. 82, p.
Park Commis,sioners, E. G. Shumway, Secretary. De- 1395, were awarded to the Second National Bank of Bucyrus
nomination $1,000. Date July 2 1906. Certified check on at 109.50. Following are the bids:
a Chicago bank for $20,000, payable to the South Park Com- Second Nat. Bank, Uucjtus._S21. 900 00 I>amprecht Bros. & Co.. C;n--Sei.322 00
tails are at
hand
4%
i
The official advertisement states
missioners is required.
that no litigation affecting the contemplated issue is pending.
Bidders to make proposals on blanks furnished by the Com-
Well, Roth &Co..Ciuciiinali.. 21,770
Denison & I-anisworth. CRve. 21,614
Sea.songood & Mayor. Cincin._ 21.533
Emery, Anderson & Co., Cleve^ 21,400
OOlBucvrus Citv Bk., Bucyrus.-.
OOjHaydcn, Miller &Co., Cleve..
20 Otjs & Hough. Cleveland.,--0018 A. Kean, Chicago
*
21,308
21 307
20,701
20,110
00
00
25
00
Bonds are dated July 1 1906.
Crowley Independent School District, Tarrant County,
Bonds Authorized. The City Council Texas. Bonds Registered. On June 23 the State CompChillicothe, Ohio.
on May 10 passed an ordinance providing for the issuance of troller registered the $6,600 5% 20-40-year (optional) coupon
Denomination school-building bonds offered on June 15. For description
$5,400" 4J^% Poplar Street sewer bonds.
Date Aug. 15 1905. In- of these securities see V. 82, p. 1395.
$500, except one bond for $400.
Maturity ten years, subject to call one bond
terest annual.
Cumberland County (P.
naissioners.
—
—
—
yearly
— Proposals
—
O. Portland), Me.
—BondLOffering
be received imtil 12 m. to-day (June 30)
Chippewa County (P. O. Sault Ste. Marie), Mich. Bond by the County Commissioners for $250,000 3J^% coupon
Proposals will be received until 2 p. m., July 7, court-house bonds. Authority, Chapter 213, Law^s of 1903,
Offering.as amended by Chapter 355, Laws of 1905.
Denominaby John E. Parsille, County Clerk, for $10,000 4% bridge tion
Date June 1 1906. Interest semi-annually at
$1,000.
1
1904.
Interest
semibonds. Securities are dated June
the County Treasurer's office.
Maturity fifteen years.
Maturity June 1 1919. Certified check for 2% is Bonds are tax-exempt. "Purchasers may be required to
annual.
These securities are part of the $25,000 bonds deposit with the County Treasurer 2% of the amount awarded
required.
to him within forty-eight hours after such awards."
The
ssued- in 1904, of which $15,000 have already been discounty has no bonded debt at present. Assessed valuation
643.
posed of. See V. 79, p.
for 1904, $78,581,444.
The official notice of this bond offering will be found among
Custer County (P. O. Custer), S. D. Price Paid forBonds.
the advertisements elsewhere in this Department.
are informed that the $20,000 5% 10-20-year (optional)
Chippewa Falls, Chippewa County, Wis. Bond Offering. refunding bonds mention of which was made in last week's
Denomina^Proposals Avill be received until 2 p. m. July 17 by Geo. issue were awarded at par to local parties.
Interest May and NoB. McCall, Mayor, or John Wiley, City Clerk, for $60,000 tion $500. Date May 10 1906.
4% coupon high-school bonds. Denomination $1,000. vember.
Maturity twenty years, optional after ten years. Certified
Cuyahoga Falls, Summit County, Ohio. Bonds Authorcheck for $1,000, payable to the Mayor or to the City Clerk, ized. It is stated that the Town Council has authorized the
These bonds were ofiered as 1-5-year (serial) issuance of $4,500 water-works bonds.
is required.
bonds on May 1 but were not sold on that day. See V. 82,
Dannemora School District No. 1 (P. O. Daniiemora),
p. 1061.
Proposals were
Clinton County, N. Y. Bond Offering.
Chouteau County School District No. 19 (P. O. Zortman), asked for until 7 p. m. j^esterday (June 29) by J.. Scott
Mont. Bond Offering. Proposals will be received until Nichols, Clerk Board of Education, for $4,500 3^^% coupon
July 9 by the Board of Trustees, O. P. Zortman, President, school-house improvement bo'nds. Denomination $250.
and Ray Gutm-ie. Clerk, for $3,000 6% 3-10-year (optional) Date July 25 1906. Interest semi-annually in Plattsburg.
bonds.
Bonded debt, this issue. The result of this offering was.
Bond Sale. On June 25 the $500,000 not known at the hour of going to press.
Cincinnati, Ohio.
314% Cincinnati Southern coupon terminal bonds described
Deal (P. O. Deal Beach), N. J. Bond Sale. ^Oh June 25
in V. 82, p. 1226, were awarded at par and accrued interest the $130,000 43-^% 25-year coupon
beach improv.ement;
in lots of $125,000 to the First National Bank, Third National bonds described in V. 82, p. 1454, were awijrded to How.ard
Bank, Fifth National Bank and the Citizens' National K. Stokes of New^ York City at 101.312. Securities are
Bank, all of Cincinnati.
dated July 2 1906.
On June
Cincinnati (Ohio) School District. Bond Sale.
Bond Offering .—-Froposals
Dufur, Wasco County, Ore.
25 the $250,000 3.65% 40-year coupon school bonds de- will be received until July 6 by the Board of Water Commisscribed in V. 82. p. 1281, were awarded to the Union Savings s'oners for $7,000 water bonds at not exceeding 8% interest.
Bank & Trust Co., of Cincinnati. No other bidde^.
Denominations $1,000 and $750. Interest annual. MaCleveland, Ohio.^ Bond Election. According to loc^l re- turity $1,750 in 10 years, $1,750 in 15 years, $1,750 in 20
Milton O'Brien Ss Sefcretary
ports a proposition to issue $700,000 viaduct bonds wiU be years and $1,750 in 25 years.
of the Board.
submitted to vote on Aug. 16.
Eaton, Preble County, Ohio. Bond Sale. On June 23
Dehcyiiure OfferColchester South, Essex County, Ont.
Proposals will be received until 6 p. m., Julj^ 10, by the $3,000 4% coupon street-improvement bonds described in
ing.
Jas. H. Brown, Township Treasurer (P. O. Box 86, Harrow, V. 82, p. 1395, were awarded to the Eaton National Bank
A bid of
Ont.), for $4,948 50 5% 1-10 year serial drainage deben- of Eaton for $3,026 50 i^nd accrued interest.
$3,022 80 was also received from ihe Preble County National
Intertst annual.
tures.
Bank. Securities are dated June 23 1906.
College Hill, Hamilton County, Ohio. Bond Offering.
Ecru, Pontotoc County, Miss. BondLOffering. Proposals
Aug.
13
by
F.
R.
until
12
received
m.
Proposals will be
Strong, Village Clerk, for ,^9,000 4% coupon refunding will be received until July 3 hy M. W. 'Andrew, Mayor, and
Authority Section 2701 of the Revised B. O. Garner, Village Clerk, for $4,000 5% 5-20-year (optown-hall bonds.
Denomina- tional) bonds. Denoraiaation $500. Date July 1 1906.
Statutes and Section 96 of the Municipal Code.
Date April 1 1906. Interest semi-anmialjy at Interest annual. Certified check for $200, payable to the
tion $500.
Maturity $500 Village Treasurer, is required.
the Citizens' National Bank in Cincinnati.
Bonded debt, including this issue, $90,632 88.
yearly.
Edinburg, SheBandoah Coimty, Va. Bond Offering.
These are the same Geo. E. IrWisi, Town Clerk, will offer at private sale from
Assessed valuation for 1906, $673,310.
bonds awarded on April 9 to Weil, Roth & Co. of Cincinnati, July 1 to Jul V 15 $20,000 coupon water bonds. Denominabut this sale was never consummated owing to a misunder- tion $500. Date Julv 15 1906. Interest Januai'v and July
standing as to the maturity.
Maturity July 15 1936, $5,000 being subject
in Edinburg.
Concord, Mass. Temporary Loan. This place recently to call after July 15 1926. Bonded debt, this issue. Assessed
borrowed $10,000 from Jose, Parker & Co. of Boston at valuation for 1906, $125,000. These are the same, securities
offered without success as 4%s on June 7.
4.55% discount. Loan runs for six months.
—
will
—
—
—
—
—We
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
•
••
Juke
THE CHRONICLE.
30 1900.
1513
Union Free School District No. 6, Chautauqua
Hempstead Union Free School District No. 20 (P. O. LynBond Offering. Proposals will be received brook), Nassau County, N. Y. Bond Sale. On June 23 the
until 10 a.m., July 16, by F. T. Merriam (P. O. Falconer) $10,000 4% registered school-building bonds described in
Authority, Sec- V. 82, p. 1396, were awarded to the Bank of Rockville Centre
for $84,200 -4% school-building bonds.
tion 10, Title 8, of the Consolidated School Law and Chapter at 101.64.
Denomination $1,710.
Date Jan. 1
482, Laws of 1906.
Henry County (P. O. Napoleon), Ohio. Bond Sale. On
Interest May 1 and Nov. 1 in New York City. June 19 the seven issues of 4
1906.
3^% coupon road-improvement
Maturity $1,710 yearly on Nov. 1 from 1906 to 192.5 inclu- bonds aggregating $82,500 and described in V. 82, p. 1396,
payable
to
E.
H.
for
sive.
check
Sample,
Certified
$100,
were awarded to Hoehler & Cummings of Toledo on a basis
Official advertisement states that of about 4.15%.
Treasurer, is required.
there is no controversy threatened or pending, and that the
Horseheads Union Free School District No. 10 (P. O.
district, has never defaulted on its principal or interest.
Horseheads), Chemung County, N. Y. Bond Sale. On
Bonded debt, this issue. Assessed valuation for -1905, June 22 the $18,000
4% registered school building bonds
$057,5.')5.
described in V. 82, p. 1396, were awarded to the People's
Eaeter School District No. 20 (P. O. Exeter), Fillmore Savings Bank of Yonkers at 100.21. Securities are dated
Ellicott
County,. N. Y.
—
—
—
—
—
Bojid Offering. -Proposals will be received
until 8:30 p. m., July 2, by T. S. Blouch, Clerk Board of
coupon building bonds. DeEducation, for $5,000
nomination: 10 bonds of $100 each, 4 bonds of $500 each
and 2 bonds of $1,000 each. Date July 2 1906. Interest
annually on June 1 at the fiscal agency of the State in New
York City. Maturity ten years, subject to call after three
years.
Bonded debt, this issue. Assessed valuation for
County, Neb.
4%
1905, $225,593.
Femdale Union High School District <P. O. Ferndale),
Humboldt County, Cal. Bond Sale. On June 11 the
—
—
5% gold high-school-building bonds described in V.
82, p. 1062, were awarded to N. H. Falk of Areata, Cal., at
103.50.
The bids were as follows:
$10,000
N. H. Falk. Areata
Los Angeles Trust Co
S10,3501 Ferndale Bank, Ferndale
.,
Los Angeles 10,033
$10,000
I
Fishkill Union Free School District No. 5 (P. O. Matteawan), Dutchess County, N. Y. Bond Sale. On June 25
—
—
the $31,600 l-20-3rear (serial) registered school-building
bonds described in V. 82, p. 1455, were awarded to Isaac W.
Sherrill of Poughkeepsie at par and accrued interest for
43^ per cents.
Franklin County (P. O. Columbus), Ohio. —Bond Offering.
— Proposals
be received until 12 m., July 20, by the
—
—
—
—
—
June 1 1906.
Houston, Minn. Bond <SaZe.— This town recently awarded
$1,150 5% road and bridge bonds to the Citizens' State Bank
of Houston, Minn., at par.
Houston, Tex. Bonds Voted. The election held June 21
to vote on the question of issuing the $434,700 5% 40-year
bonds for the purpose of acquiring the sj^stem of the Houston
Water Company, resulted in a vote of 480 to 48 in favor of
The conditions under which this transfer
that proposition.
will be made are stated in V. 82, p. 1396.
Inglewood School District, Los Angeles County, Cal.
Bond Sale.— On June 18 $50,000 5% 1-20-year (serial)
school-building bonds were awarded to the Los Angeles
Trust Co. of Los Angeles at 102.05. Denomination $2,500.
Date June 4 1906. Interest annual.
Debentures Not Sold Debenture Offering.
Innisfail, Alb.
All bids received on June 1 for the $8,000 5% improvement debentures offered on that day were returned unopened.
We are informed that this was done because it was decided
—
—
—
—
—
—
—
to increase the amount to $19,000, the additional $11,000
Proposals for the entire
to be used for fire apparatus, &c.
issue of $19,000 will now be received until July 2.
will
Jackson County School District No. 5 (P. O. Scranton),
County Commissioners for $3,900 6% Maize Free Turnpike Mo.
Bonds Registered. The State Comptroller recently
road-improvement bonds. Authority, Sections 4925 and
registered an issue of $10,000 5% 20-year school bonds.
4928 of the Revised Statutes. Denominations: $300, $3-50
Jackson Township (P. O. Crestline), Crawford Coimty,
and $700. Date Aug. 1 1906. Interest semi-annually at
the county treasury.
Maturity on Aug. 1 as follows: Ohio. Bond Sale. On June 25 the $4,500 6% coupon
road-improvement bonds described in V. 82, p. 1336, wei'e
$1,2Q0 in 1907, $1,300 in 1908 and $1,400 in 1909.
.Bond Sale. —On June 14 the $3,000 6% coupon Dellinger awarded to the First National Bank of Crestline at 123 and
Free Turnpike road-improvement bonds described in V. 82, accrued interest. Following are the bids:
First N.at. Bank, Crestline
S5..53.5 OOillayden. Miller & Co., Cleve... $4,975 00
p. 1169, were awarded to the Security Savings Bank & Trust Seasons;ood
& Mayer, Cincin_.. 5.252 OOlOtla & Hough, Cleveland
4.883 75
—
—
—
—
Co. of Toledo for $3,132 50.
Weil Roth <t Co.. Cincinnal-;.. 5.175 00 IF. L. Fuller & Co., Cleveland.- 4,635 00
Secur. Sav.Bk.& Tr. Co., Toledo 5,130 00
Fxederickton, N. B. Bond Offering.
Proposals will be
Jameson, Itasca County, Minn. Bond Sale. We have
received until 12 m., July 15, by I. R. Golding, City Trea.sbeen advised that the $10,000 6% 20-year road and
urer, for $40,000 4% coupon sewerage bonds.
Denomina- just
bridge bonds described in V. 82, p. 1001, were awarded on
tion $500.
Date July 15 1906. Interest January and July
May 31 to the Commercial Investment Co. of Duluth at par.
at the office of the Cit}'' Treasurer.
Maturity forty years.
Jasper County (P. O. Rensselaer), Ind. Bond Offering.—
Genoa, Ottawa Coimty, Ohio. Bond Offering. Proposals
will be received until 12 m. July 2 by Phillip E. Manner, S. R. Nichols, County Treasurer, will offer at public auction
Village gierk, for $1,400 5% park bonds.
Authority Sec- 1 p. m., July 10, the following bonds:
Ditch No. 402 assessment bonds. Denomination S500
tions 2835, 2836 and 2837 of the Revised Statutes.
Denomi- S74 500 53^ % Iroquois
Date May
1906. Maturity S7.500 yearly from May 1 1908 to
nation $100.
Date July 2 1906. Interest annual. MaturMay 1 1916 inclusive and S7.000 May 1 1917. Deposit of $2,500
required
Certified check for $50, payable to the
ity Sept. 2 1911.
13 000 45^ % RoDert Parker (Marion. .Tordan and Carpenter Townships) ro.ad
bonds. Denomination SG50. Date Aug. 1 1906. Maturity $650
Village. Clerk, is required.
Accrued interest to be paid bj^
each six montiis from Mav 15 1907 ;o Nov. 15 1910 inclusive. Purpurchaser.
chaser to pay accrued interest. Deposit of $400 required.
80 000 4H% John A. Knowlton (Marion TowuslUp) road bonds. DenominaGilliam School District (P. O. Gilliam), Saline County,
Date Aug. 1 1906. Matm-ity .?2,000 each six months
tion $1 000.
from May 15 1907 to Nov. 15 1916 inclusive. Purchaser to pay ac"Ho.—Bonds Not Sold. No disposal was made on June 22
crued interest. Deposit ot §500 required.
of the $7,000 5% 1-20-year (serial) coupon school bonds
Interest semi-annually at the First National Bank of
described in V. 82, p. 1455.
Bonds are dated June 15 1906,.
Rensselaer.
Good"water, Coosa County, Ala. Bonds Not Sold.
No
Kalamazoo, Kalamazoo Coxmty, Mich. Bonds N^ot Sold.
sale was made on Juno 15 of the $10,000 5% 20-year coupon
Local reports &ti\t?. that no satisfactory bids were received
electric-light bonds described in V. 82, p. 1282.
These bonds
on June 18 for the thrt^e issues of 4% improvement bonds
arc' now being offered at private sale.
aggregating $171,500 and described in V. 82, p. 1396.
Grangeville, Idaho County, Idaho.
Date of Bonds. We
Bond Sale. On June
KaUspell, Flathead County, Mont.
are informed that the date of the $30,000
10-20-year
(optional) gold coupon water- works bonds, awarded as 23 the $20,000 41-^% roupou refunding bonds described in
V. 82, p. 1390, were awarded to N. W. Harris & Co. of
stated last week to S. A. Kcan of Chicago, is May 1 1900.
Chicago at 101.27 and accrued interest. A bid of par was
Greenrifle, Butler County, Ala.
Bo7id Offering.
Further
also n^'ived from the First National Bank of Kalispell.
detaiLs are at hand relative to the offering on July 16 of the
Kimble County Common School District, Tex. Bonds
000
seWQi-age
and
$20,000 street-improvement 5%
f 10,
coupon bonds mention of which was made in V. 82, p. 1455. Registered.— T\u) State Comptroller registered $5,000
Proposals will be received until 4 p. m. on that day by J. J. 15-20-vear (optional) bonds of this district on June 6. Date
McMulIan, Ma3'or. .Authority, Acts of 1903, page 59. of bonds April 10 1906.
Knox County School District No. 13 (P. O. Creighton),
Denomination $1,000. Date Jan. 1 1907. Interest semiannually at the Hanover National Bank in New York City. ^eh.—Bond Sale— On June 8 the $20,000 5% coupon
Maturity Jan. 1 1937.
Bonds arc exempt from taxation. .school-house bonds described in V. 82, p. 1336, were awarded
Certified check for 10% of amount bid, payable to Thos. W. to the Lincoln Safe Deposit & Trust Co. of Lincoln for
Pcagler City Treasurer, is required.
Bonded debt, not in- $20,.501.
cluding this issue, .$35,000.
.A-!ses.scd valuation for 1906,
L'Anse Township School District (P. O. L'Anse), Baraga
$1,200,000.
County, Mich.— Z^o/u/ Sale— On June 25 $20,000 5% schoolGreenwood, W.3S.— Bond Sale.— On June 20 the $30,000 l)uilding bonds were awarded to the Thos. J. liolgcr Co. of
improvement bonds described in V. 82, p. 1336, were Chicago.
awarded to the Robinson-Humphrey Co. of Atlanta at
La Crosse School District, Whitman County, Wash.
104.083 and accrued interest. Following arc the bids:
Bond Sale. An issue of $4,000 building bonds of this disRoblimon-TIumphroy Co., Atlan.$31,225IKmery. Aiulerson &.Co., Cleve...$30,l.').5
Weil, Kotli ct^o.. Cincinnati
31,0I0|W.J Hayes & Sons, Cleveland.- 30,021 trict was awarded on June 2 to the State of Washington at
Sea-soPKOort & Mayer, CIndnnati. ;i0.5;iG|
Denomination $1,000. Date June 2
l)ar for 4}^ per cents.
Hamilton, Ont.— Debenture Sale. On June 21 the three 1906. Interest annual. Maturity ten years, subject to
issues of 4% debentures aggregating $178,443 94 and call after one year.
described in V. 82, p. 1336, were awarded to the Bank of
La Mesa School District, Santa Barbara County, Cal.
Hamilton for $177,312. Following are the bids:
and Sale. On June 18 $3,500 5% 1-7-year (serial) lionds
Bank ot namllton
174.139
177.3421 W r. Brent
A bid of
isere awarded to Geo. S. Edwards for .$3,525.
AemilHis .farvl.s ftCo., Toronto ..170.8141 Wood, (lundy <feCo., Toronto... 173.6S4
—
—
—
—
—
—
—
1
—
—
—
—
—
—
—
5%
—
—
—
—
—
5%
.
5%
—
—
—
—
—
THE CHRONICLE;
1514
$3,500 was also received from the W. R. Staats Co. of PasaDeuoinination $500. Date June 4 1906. Interest
dena.
annual.
—
—
Bond Offering. Proposals will bo reLansing', Mich.
ceived until 7:.'iO p. m. Jul}' 9 by Myles F. Gray, City Clerk,
Interest annual.
for $54,808 street-improvement bonds.
Maturity $11,000 yearly from Dec. 1 1907 to Dec. 1 1909
inclusive, $11,000 Dec. 1 1911 and $10,898 Dec. 1 1912.
—
—
[Vol. Lxxxn.
—
—
Mays Landing, Atlantic County, N. J. Bond Election.
Reports state that tin- Township Committee has called an
election to be held July 10 to vote on the question of issuing
$25,000 water- works bonds.
Medford, Mass. Temporary Loan. This place recently
borrowed $50,000 for eight months from Blake Bros. & Co.
of Boston at 4.02% discount.
Milford School District No. 169 (P. 0. Milford), Iroquois
County, 111. Jiond Offering.
Proposals will be received
until 8 p. m., July 2, by W. L. Aurand, Clerk Board of Education, for the $10,900 5% coupon school-building bonds
voted on June 9. Authority, Article 9, Section 215, Statutes
of 1901.
Denomination $1,000, except one bond for $900.
Date Aug. 1 1900. Interest annual. Maturity one boncl
yearly beginning in 1914.
Bonded debt, this issue. As-
—
—
—
—
Lawrence, Mass. Bond Sale. On June 25 the $00,000
water and $50,000 fire-protection 4% 30-year coujjon bonds
described in V. 82, p. 1456, were awarded to Merrill, Oldham ik Co. of Boston at 106.439 and accrued interest. The
following bids were received:
Hoston...lor),439| N. W. Harris &Co.. Boston
Merrill, Oldham & Co
104.279
105.0491 Denlson & Farnsworth, Boston.. 104. 0()7
R. L.Day &Ci) .Boston
Blodeot. Merritt & Co Boston.. 105 .070 Geo. A. Fernald
Co., Boston.. 104 .017
sessed valuation for 1905, $218,724.
Estabrook & Co., Boston
105.071 Adams & Co., Boston
103.010
104.91G|E.C. Stanwood & Co., Boston. ..102.070
Blake Bros. & Co.. Boston
Montclair, N. J. Bond Sale.
On June 25 the $100,000
Lawrence County (P. O. Ironton), Ohio. Bond Sale.
33^% 25-year gold park bonds described in V. 82, p. 1228,
On June 28 the $130,000 4% coupon court-house bonds were awarded to AVm. B. Dixon, S. Wright and D. M.
described in V. 82, p. 1397, were awarded, it is stated, Sawyer at par and accrued interest.
$10,000 to George M. Gray of Ironton at 104.51, $78,000
Montezuma Valley Irrigation District (P. O. Cortez),
to the First National Bank of Ironton at 103.60 and $22,000 Montezuma County, Colo.
Bonds Not Sold. No satisfacBreed
Harrison
Cincinnati
to
&
of
at 103.01.
tory bids were received on June 15 for the $556,500 6% irriBond Sale. On gation bonds. described in V. 82, p. 1228.
Leaksville, Rockingham County, N. C.
Montreal, Que. Bond Offering.
Proposals will, be reJune 8 the $10,000 5% 40-year paving bonds described in
ceived until 2 p. m. July 6 by the City Clerk for ^300, 000
V. 82, p. 1228, were awarded to C. B. Keesee at par.
Leesburg, Loudoun County, Va. Bond Sale. On June 19 4% gold registered stock of $100 or multiples or coupon
$25,000 43^% 20-year water- works bonds were awarded, it bonds of from $100 to $1,000. Securities are issued to carry
on public works as provided for by the Act of the Legislais stated, to N. W. Harris & Co. of Chicago for $25,175.
ture of Quebec, 62 Vict., Chapter 58, Sec. 344.
Interest
Interest semi-annual.
Securities are dated Aug. 15 1906.
May 1 and Nov. 1 at the office of the City Treasurer or at
Lennox and Addington County (P. O. Napanee), Ont.
the Bank of Montreal in New York City.
Maturity May 1
Debenture Offering.
Proposals will be received until 4 p. m.
1946.
Deposit of 2% of loan bid for required on application
July 4 by W. G. Wilson, County Clerk, for $9,000 4% and
the remaining 98% on or before July 20.
Bonds may
debentures maturing July 1 1911 and $9,000 4% debentures
be converted into registered stock at any time. W. Robb
maturing July 1 1912. Interest annually on July 1.
s City Treasurer.
Lincoln, Neb.
Bids Rejected. Bond Offering. All bids
Morgan County School District No. 3 (P.O. Fort Morgan),
received on June 11 for the $50,000 4% coupon refunding
bonds described in V. 82, p. 1228, were rejected. These Col. Bond Offering. Proposals will be received until
bonds are being re-offered, and proposals will be received 6 p. m., July. 14, by L. C. Baker, Secretary, for $25,000 5%
until 4 p. m., July 23, for bond« bearing interest at not ex- school-building bonds.
Denomination $500. Date July 1
ceeding 4^4%Maturity fifteen years, sub1906.
Interest semi-annual.
Lisbon, Conn. Bond Sale. This place, it is stated, has
Accrued interest to be paid by
ject to call after five years.
awarded $28,000 4% 30-year refunding bonds dated July 1
purchaser.
Certified check for $2,000 required.
1906 to S. P. Townsend of Hartford at par.
The
notice of this bond offering will be found among
official
Los Angeles, Cal. Bond Offering. Proposals will be received until 2 p. m., July 2, by H. J. Lelande, City Clerk, the advertisements elsewhere in this Department.
for the $287,500 4% 1-40-year (serial) coupon main and
Mount Penn, Berks Coimty, Pa. Bond Offering. Prolateral sewer bonds voted on May 17.
Denominations: 240 posals will be received 'Until July 2 by George T. Brown,
bonds of $1,000 each, 80 bonds of $500 each and 40 bonds of Borough Secretary, for the $10,000 43^% coupon improve$187 50 each. Date July 2 1906. Interest semi-annually ment bonds voted on May 15. Denomination $100. Date
at the office of the City Treasurer.
Bonds will be certified July- 1 1906. Interest annually in Mount Penn. Maturity
as to genuineness by the United States Mortgage & Trust Co. $1,800 in 1911, $2,000 in 1916 and $6,200 in 1920.
Bonds
of New York City and their legality will be approved by are exempt from- taxation.
Certified check for $250 reMessrs. Dillon & Hubbard, New York City.
Certified quired.
Bcjnded debt, including this issue, $12,300. Ascheck for 2% of the bonds bid for, payable to the City Clerk, sessed valuation, $335,000.
is required.
Purchaser to pay accrued interest.
Muscatine County (P. O.Muscatine), Iowa. Bond OfferLouisburg, Franklin County, N. C. Bond Offering.
ing .—Froposals will be received until 9 a. m. July 2 bj' A. S.
Proposals will be received until 12 m., July 28, for $12,000 Lawrence, County Auditar, for $21,000 6% Drainage Dis5% coupon electric-light-plant bonds. Denomination $500. trict No. 2 bonds. Denomination $500. Maturity five years,
Date July 1 1906. Interest semi-annual. Maturity twenty subject to call at any time. Successful bidder to. furnish
years.
Frank S. Spruill is Attorney for the Board of Com- blank bonds.
missioners.
Nanticoke, Luzerne County, Pa. Bonds Voted. This
Madill, Ind. Ter.
Bojids Voted.
The election June 19 borough on June 5 authorized the issuance of the $75,000
resulted in a vote of 222 to 36 in favor of issuing the $40,000 43^% coupon funding, refunding, sewer and street-improve5% 20-year water-works bonds mentioned in V. 82, p. 1228. ment bonds described in V. 82, p. 1283, by a vote of 916
Date of sale not yet determined.
Denominations $500 and $1,000. Date Aug. 1
to 190.
Manistee, Manistee County, Mich. Bond Sale.
On 1906. Interest semi-annual. Maturity on Aug'. 1 as folJune 15 the $58-000 4% coupon paving bonds, a description lows: $16,000 in 1911, $11,000 in 1916, $12,000 in 1921,
Bonds
of which was given in V. 82, p. 1283, were awarded to Sands $13,000 in 1926, $14,000 in 1931 and $15,000 in 1936.
& Burr of Manistee at 100.247 and accrued interest. The are tax-exempt.
bids were as follows:
Newark, Licking County, Ohio. Bids. The following
Sands & Burr, Manistee
$58,143 42 IE. H. Rollins & Sons, Chicaq:o.S54,S25 00 bonds were offered on June 25:
Albert Klcybulte & Co., Cin.. 58,580 00 First National Bank. Mani.stee 52 200 00
Rudolph Kleybolte& Co ,Chic.,58,068 001 Thos. J. Bolger & Co., Chi$16,500 5% Locust Street paving as.sessment bonds
4.170 5% Woods Avenue paving a-ssessment bonds.
eago (tor 19.500 bonds)... 18,825 00
2.130 5% Stiinsberry Street paving assessment bonds.
Manitowoc, Wis. Bids. Following are the bids received
3,000 5% Gay Stree^ sewer a.ssessment bonds.
on June 18 for the $50,000 4% harbor-improvement bonds
The bids received are given below:
$16,500
awarded, as stated last week, to the National Bank of
S4.170
$2,130
S3. 000
LorustSt. Woods Ave. Statisberry
Gay St.
Manitowoc:
no»ds.
Bonds.
Bonds.
St. BoiuLi
$17,107 50 $4,312,50 $2 502 50 $3.139 50
National Bank of Manitowoc. $50,121 00 IE. H. Rollins & Sons, Chicago. S50 035 00 Hai'den. Miller & Co., Cleveland
,
<fe
,
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
"
—
—
—
—
—
—
—
—
1
—
—
I
N. W. Harris &Co., ChicagOL. 50.049 40
—
—
Marlinton, Ppcahontas County, W. Va. Bond Election.
An election will be held in this city about July 1 to vote
on a proposition to issue $15,000 6% street and sewer bonds.
Massachusetts. Bond Sale. On June 28 the fourteen
issues of 33^% gold bonds aggregating $3,697,000 and
described in V. 82, p. 1456, were awarded to R. L. Day &
Co. and Estabrook & Co. of Boston for their joint bid of
—
—
103.09.
The bids were as follows:
R. L. Day & Co., Bostonlall or
Merrill
$75,000 epileptics loan. .101.28
and Estubrook&CoHos. none. .103.09 Oldham 404,000 hospital loan... 101. 28
I
I
Blodcett. Merritt & Co., Boston
& Co.
(for $1,350,000 water loan)
102.311 Boston
Blake Bros. <t Co., Boston (for
$1,000,000 Mctrop. water loanJ.102.0C
Frank H. Thomas, Trusloe E.stale
of C Edward French (tor S12,000
£
due 1918, 1921, 1935)
..101.001
1
|
•
.
—
1
I
300,000 park loan
102.78
000. OOO Charles River
basin loan
102.08
National Band. Newark
SecuritvSav Band <fe Tr Co., Toledo 17.087 50
New First National Bank, Columl)us. 17.077 50
Weil, Roth &Co .Cincinnati
.
17 070 00
4,334 00
2.233 00
3,160 00
2.160 00
3,150 00
4.270 00
4.294 10
2.183 25
3,120 00
4.300 00
3.10000
W.J. Hayes <fc Sons. Cleveland (for the Jour is.sues. $25,800)
$26,656 00
LickmgCo Bank & Trust Co., Nfwark (for the four issues $25,800).. 26,310 00
Channing Thompson Newark (for $4,170 Woods Ave. and $3,000
F^raiiklin
G.ay
7,46158
St.)..
The award
New
will'be
made July
2.
—
DeL Bond
Castle County (P. O. Wilming:ton)
Proposals will be received until 12 m., Julj'- 10,
by Harry A. Brown, Chairman of Bond Committee of the
Levy Court, for $35,000 4% coupon (with privilege of regis-
Offering.
—
,
workhouse bonds. Authoritj'-, Act of General
Denomination $1,000.
Assembly approved April 3 1905.
Interest semi-annuall}' from July 1 1905 at the Farmers'
tration)
Bank in \yilmington. Maturity July 1 1930. Purchaser to
pay accrued interest. Each bid must be made on a blank
the form furnished b}'' the count}' and be accompanied by a cer-
Correction.
We are advised that the maturity of
$1,350,000 33^% gold metropolitan water loan is Jan. 1 1946,
not Jan. 1 1943 as stated last week.
check for 5% of the bonds bid for, payable to the
Receiver of Taxes ajid County Treasurer. Bonds will be
tified
THE CHRONICLE.
JUTJE 30 1906.]
certified to as to
New York
City.
genuineness by the Columbia Trust Co. of
—
3,500
—
Bond Sale. We are advised the city has
accepted the bid of Weil, Roth & Co. of Cincinnati of 103.090
for the $55,000 4% refunding bonds offered on June 20. As
stated last week, this bid was irregular when first submitted,
but the purchaser later complied with the terms of the advertisement. The list of bidders is as follows:
Newport, Ky.
9,500
1515
5% Gay Street paving bonds. Authority Ordinance No. 201. passed June 11
Denomination $475. Certified check for $500 required.
1906.
5% West Avenue paving bonds. Authority Ordinance No. 200. passed
June
U
1906
Denomination $175.
Certified check for $200 re-
quired.
The above
be dated July 1 1906. Interest
Maturity one bond of each issue every six
months from March 1 1907 to Nov. 1 1916 inclusive. Purchaser to pay accrued interest.
Certified checks to be
securities will
semi-annual.
drawn on a national bank or trust company. Henry P.
Baker is Village Clerk.
50|Atlas National Bank, Clncin... 55,820 25
30lGerman N.ational Bank, Cin.. 55,415 00
Portland, Me.— A^o^e Sale.— On June 28 the $100,000 temOOJCentral Trust & SareDep.Co. 55,100 00
porary loan notes described in V. 82, p. 1457, were awarded
00
Denomination $500. Date July 1 1906. Interest semi- to Loring, Tolman & Tupper of Boston at 4.43% discount.
Potsdam, St. Lawrence County, N. Y. Bond Offering.
annual.
Maturity July 1 1926.
New Rochelle, N. Y.—Bond Sale.— On June 25 the $65,000 Proposals will be received until 3 p. m., July 2, by the Board
4% registered school bonds described in V. 82, p. 1457, were of Trustees for $24,000 bonds at not exceeding 4% interest.
awarded to Adams & Co. of Boston at 100.59 and accrued Authority, Section 129 of the Village Law. DenominaWeil, Roth & Co., Cincinnati.. $56, 700
Albert Kleybolte & Co., Cin.. 50,655
56,25?
Seasoneood & Mayer, cm
Union Savings Bk.&Tr. Co., Cin50, 110
Newport Nat. Bank, Newport. 56,000
OOlGerman National Bank, Newp.$55,962 50
(
—
—
Following are the bids:
$65,.38.3 501 W. J. Hayes:&
interest.
Adams &
Co., Boston
Yonkers Sav. Bank, Yonkers.
65,14,3 001
—
Sons, Cleve.. .$65,104 00
—
Bond Offering. Proposals will be
received until 5 p. m. July 6 by the Board of Estimate and
Apportionment, care of Walter P. Horne, City Clerk, for
the $56,000 4% gold registered sewer bonds "Series C."
Denomioffered but not sold on June 15 (V. 82, p. 1457).
nation $1,000. Interest Jan. 1 and July 1 at the Hanover
National Bank in New York City. Maturity July 1 1926.
Accrued interest to be paid by purchaser. Certified check
for $2,800, payable to the City Clerk, is required.
Niagara Falls, N. Y.
—
— The
Norfolk County (P. 0. Dedham),Mass. Note Sales.
following loans were negotiated on June 26:
$100,000 1-year bridge note awarded to George Mixter of Boston at 4.49% discount
and SI 50 premium. Date of note July 2 1906.
1,382 98 4% note issued tor furnishings of new county-building awarded to
Blodget, Merritt & Co. of Boston at 100.25. Note is dated June 26
Interest January and July. Maturity July 1 1921.
1906.
140,000 loan, maturing Dec. 15 1906, negotiated with Blake Bros. & Co. of Boston
at 4.51% discount
Norwood, Ohio.— Bond Sale.— On June 21 the $25,000
25-year water-works-extension bonds described in V. 82,
p. 1284, were awarded to the Western German Bank of Cin-
4%
cinnati at 104.044.
Following are the bids:
Western German Bk.,Cincin-. $26, oil 00|Seasongood.& Mayer,
Interest annually at the Citizens' National
tion $1,200.
Bank of Potsdam. Maturity $1,200 yearly from 1911 to
1930 inclusive. Wm. McCormick is Village Clerk.
—
—
Pulaski, Oswego County, N. Y. Bond Sale.
On June 14
1-24-year (serial) refunding water bonds were
awarded to the Oswego City Savings Bank of Oswego for
Denomination $1,000. Date
$24,005 for 3.95 per cents.
Interest January and July.
July 1 1906.
$24,000
—
—
Putnam County (P. O. Brewster), N. Y. Bond Sale.
On June 25 the $20,000 4% 1-10-year (serial) coupon (with
privilege of registration) county building bonds described in
V. 82, p. 1398, were awarded to the Putnam County Savings
Bank of Brewster at 100.05 and accrued interest. There
were no other bidders. Securities are dated Aug. 1 1906.
Puyallup School District (P. O. Puyallup), Pierce County,
Description of Bonds.
Further details are at hand
funding bonds awarded, as
relative to the $30,000
Wash.
—
—
3^%
stated in V. 82, p. 1398, to the State of Washington at par.
These bonds, we are informed, were awarded on May 26.
Denomination $1,000. Date June 1 1906. Interest semiMaturity twenty years, subject to call after one
annual.
year.
—
—
Bond Offering.
Hav.alli County (P. O. Hamilton), Mont.
Proposals will be received until 10 a. m. July 28 by Geo. A.
Reese, County Clerk, for $75,000 4% refunding bonds.
10 bonds of $2,500 each and 10 bonds of
Denominations:
Ontario. Bond Offering.
Subscriptions are being reDate Jan. 1 1907. Interest semi-annually at
ceived by A. J. Matheson, Provincial Treasurer, for $3,000,- $5,000 each.
000 3J/^% coupon consolidated revenue fund bonds. -Au- the office of the County Treasurer. Maturity $2,500 yearly
thority Chapter 4, Statutes of 1906.
Denominations: $200, from Jan. 1 1908 to Jan. 1 1917 inclusive and $5,000 yearly
$500 and $1 ,000. Date July 1 1906. Interest semi-annually from Jan. 1 1918 to Jan. 1 1927 inclusive. Certified check
at the office of the Provincial Treasurer.
Maturity $1,500,- for $500, payable to Ravalli Coun-ty, is required.
Renovo, Fa.— Bond Sale.— On June 18 $30,000 4% 5-30000 July 1 1926 and $1,500,000 July 1 1936. Bonds are
exempt from taxation. The issue price up to July 31 will year (optional) refunding bonds were awarded to James P.
be par and after that date par and accrued interest. Pur- Roach and F. J. Burnett at par and 1% premium. DenomiInterest semi-annual.
chasers of amounts up to $1,000 will be required to send nation $500.
certified check with the application.
For amounts over
Ridley Park School District (P. O. Ridley Park), Dela$1,000 payment may be made as follows: 10% oip applica- ware County), Fa.— Bond Sale.— On June 18 $25,000 4%
tion, 10% Aug. 1, 10% Sept. 1, 10% Oct. 1, 10% Nov. 1
10T30-year (optional) school-building bonds were awarded to
and 50% Dec. 1, with privilege of paying at an earlier date, W. J. Hayes & Sons of Cleveland for $25,008. Securities
the interest on instalment subscriptions bei.ng adjusted are dated July 1 1906.
Denomination $500.
Jan. 1 1907.
Forms of subscription (when payable by instalRochester, N. Y.—Note Sale.— On June 27 $100,000 localments) may be obtained on application to the Treasury improvement fund renewal not<'s were awarded to the
Department. On request of holders of these bohds they Genesee Valley Trust Co." of Rocliester— $50,000 at 4.50%
will be exchanged for Ontario Government stock bearing the
discount and $10 premium and $50,000 at 4.45% discount.
same rate of interest.
Following are the bids:
Osceola, Clarke County, Iowa.
Bond Offering. Pro- Genesee Valley Trust Co., Rochester
4.50%
i$50,000 (.SIO premium)
4.45%
\ 50,000
posals will be received until 8 p. m., July 9, by W. N. Tem- Goldm.an, Sachs &Co., New York
4.70%
-.5 00%
ple, City Cleik, for the $32,000 4% 20-year water-works Security Trust Co., Rochester ($11 premium)
Cincin_.$25,821 50
& S. Dep. Co., Cin. 26,005 OOlAtlas Nat. Bank, Cincinnati.. 25,652 50
Provident Sav. Bank. Cincin.. 25.985 00 Brighton-German Bk., Cincin. 25,602 50
Rudolph Kleybolte & Co.. Cin. 25.877 00| Albert Kleybolte & Co.. Cin... 25.510 00
Central Tr.
1
—
—
—
—
and sewer-improvement .bonds voted on June
nomination $500.
—
De-
11.
—
Painesville,- Ohio.
Bond Offering. Proposals will be received until 2 p. pi. July 17 by E. J. Lynch, City Auditor,
for $38,000 4% coupon street-improvement assessment
bonds. Authority Section 95 of the Municipal Code, Section 28356 of the Revised Statutes, and Ordinance No. 042,
passed June 1*4. "Denomination $500. Date April 1 1906.
Interest semi-annually at the Pioneer Savings & Trust Co.
in Painesville.
S2,000 Apr.
i2,000 Oct
2.000 Apr.
•1,500 Oct
2.000 Apr.
1
1
1
1
1
Maturity as follows:
1908.182,000 Oct.
1
2.000 Apr.
1
1,500 Oct
19091 2,000 Apr
19101 l.,500 Oct.
1
1
1908
1909
1
1910 $2,000
19111 2.000
1911
2,000
1912
1,500
19121 2.000
1
Apr.
Oct.
Apr.
Oct.
Apr.
1
1
1
1
1
19131.$2.000 Oct
1013 2.000 Apr.
1914
2,000 Oct
19141 2.000 Apr.
19151 2.000 Oct.
1
1
1
1
1
1915
1916
1916
1917
1917
Bond-Goodwin. Boston
($1
premium)
5.00%
—
Rockford, Mercer County, Ohio. Bond Sale Temporarily
Enjoined.
A temporary injunction was recently obtained
from the Common Pleas Court at Celina restraining this village from disposing of the four issues of 4^^% coupon streetimpro^'ement and sewer bonds aggregating $17,000 o ffered
on June 26. A hearing has been set down for to-day (Juno
For description of bonds see V. 82, p. 1398.
30).
Rocky Ford, Colo.—fiond Sale.— On June 5 $100,000 5%
10-15-ycar (optional) water bonds were awarded to Jas. H.
Causey and Wm. E. Sweet & Co. of Denver at 96. De-
—
•
nomination $1,000.
December.
Date June 5 1906.
—
Interest
Juneand
—
Bond Offering. Proposals will be
St. Bernard, Ohio.
Each bid must be made on a blank form furnished by the received until 12 m., July 21, by George Schroder, Village
city and be accompanied by a certified check for' 5% of the
Clerk (P. O. Station No. 17, Cincinnati) for $5,000 4%
bonds bid
for, payable to the City Treasurer.
street-improvement (village's portion) bonds. Authority,
Paterson, N. J. Correclion.
We are ad\'ised that the Section 2835 of the Revised Statutes andX)rdinance No. 1085,
price paid on June 20 for the $30,000 4% 25-year coupon passed May 10 1906.
Denomination $500. Date June 15
school bonds awarded to E. C. Stanton of Boston was 100.77, 1906. Interest semi-annuallv at the First National Bank
and not 100.97 as reported last week.
Maturity June 15 1936. Purchaser to
in Elmwood Place.
Peterborough County, B. C. Debenture Sale. On June 20 pay accrued interest.
the $30,000 4% debentures mentioned in V. 82, p. 1398,
Proposals were
Debenture Offering.
St. Catharines, Ont.
were awaided, it is stated, to Wood, Gundy & Co. of Toronto. asked for up to yesterday (June 29) by W. A. Mittleberger,
Pierce County (P. O. Tacoma), Wash.
Bond Sale. This City Treasurer, for $61,319 96 4% 20-year coupon debencounty awarded $190,000
refunding bonds (not $109,- tures. Securities are dated Uny 28 1900. Interest semi000 bonds, as stated in V. 82, ]•>. 767) to the State of Wash- annually at the Imperial Bank of Canada in Toronto.
Date .Accrued interest from May 28 to Jun(> 29 to be paid by
ington at par on May 12. Denomination $1,000.
June 1 1906. Interest .semi-annual. 'Maturity June 1 1926, purchaser. The result of this offering was not known at
the hour of going to press.
subject to call after one year.
Salem, Mass. Temporani Loan. The City Treasurer rePlain City, Madison County, Ohio. Bond Offering.
Proposals will be received until 12 in. July 20 by the Village cently borrowed $70,000 from Blake liros. & Co. of Boston
at 4.44% discount.
Council for the following bonds:
—
—
—
—
—
3^%
—
—
—
—
—
—
—
THE CHRONICLE.
— $1(),000 registered
Salt Lake County (P. O. Salt Lake City), Utah.
[Vol. lxxxel
1516
Bidii.
Followiut? arc llie bids k r(i\((l on Juno 11 for the *:jr)0,000
10-20-vear (optional) coupon r('fundin,<< bonds awarded, as
stated in V. 82, p. 1899, to K. H.. Rollins & Sons of Denver
at 102. 50 and accrued interest for 43^.s:
E. H. Itollins & Sou.'f, Denver... $a58, 900 State Board of Land Commls'rs.S355.000
N. W. Harris & Co., Clilca«o... :j.57.0:iOIMacDonald, McCoy & Co.. Chic. ;i51.09l
San Diego School
—
Bond
District,
Somerset
Cal.
vote to-day (June 80) on
Saskatoon School District No. 13, ^d^sk.— Debenture OfferProposals will be received until 12 m. July 4 by William
—
Box
P. Bate, Secretary-Treasurer,
7, Sasljatoon. for the
$30,000 coupon school debentures mentioned in V. 82, p.
or
Bids are requested for debentures bearing
1839.
interest.
Denomination $1,500. .Date Sept. 1 1906.
Interest annuailj' at the Union Bank of Canada in Sa.skatoon.
Maturity .$1,500 yearly on Sept. 1. Debenture debt at
present, $12,740.
Assessed valuation for 1906, $2,520,061.
'
I
I
I
—
Delaware County, Pa. Bond Offering. Prom. July 26 bj'- Joseph Baird,
Borough Treasurer, for $30,000 4% gold coupon (with proDevisions for registration) street-improvement bonds.
nomination $1,000. Date March 1 1906. Interest semiannual. Maturity thirty years, subject to call after twenty
years.
Bonds are exempt from all taxes. Purchaser to
pay accrued interest. Certified check or draft for 5% of
the amount bid required.
Bonded debt, not including this
Sharon
Hill,
posals will be received until 12
issue, $35,100.
Assessed valu-
Sinking fund, $13,230 43.
ation, $791,450.
The
official notice of this
bond offering will be found among
Department.
the advertisements elsewhere in this
SmitiTCentre School District No. 4 (P. O. Smith Centre),
Smith County, Kan. Bond Offering .^Proposals will be received until July 2 bj^ H. C. Smith, Clerk School Board, for
HEW
rate of
Bond Offering.
J.
July 6 by E. B.
Allen, County Collector, for $280,000 4% coupon countybuilding bonds.
Denomination $1,000. Date July 1 1900.
Interest semi-annually at the office of the New York Trust
Company in New Yoik Cit3^ Maturity $7,000 yearly on
July 1 from 1921 to 1985 inclusive and $175,000 on July 1
1980.
Securities will be certific^d as to their genuineness by
the United States Mortgage & Trust Company of New York
will
5%
6%
name
Bidders to
O. Somerville), N.
— Proposals Coxmtybe (P.received
until 12 m.
San Diego County,
Election.
This district -will
the (juestion of issuing the $120,000 43^% 1-20-year (serial)
Deschool-building bonds mentioned in V. 82, p. 1064.
nomination .SI ,000. Interest annual.
ing.
bonds.
$288,140.
1.
35;. 4251
Otis.V llousli. (.^leveUiQd
.school
Denomination $500. Date July 2 1906.
Intere.st January and July at the fiscal agency in New
York City. Maturity yearly from 1907 to 1921 inclusive.
Bonded debt at present, $1,000 A.s.sessed valuation,
interest in bids.
their legality approved by Mess s. Dillon & HubCity, whose opinion to that effect will be
furnished to the purchaser.
Bids to be made on blank forms
and
City,
bard
of
New York
furnished
bj'
the county and must be accompanied by a
2% of the bonds bid for, payable to the
certified cluick for
County
Collector.
—
Somerville, Mass. Bond Sale.
On June '26 the $80,000
coupon city-loan bonds and the $20,000 4% coupon
sewer-loan bonds described in V. 82, p. 14.59, were awarded
to R. L. Day & Co. of Boston at 100.649 and accrued interest.
Following are the bids:
R L Day & Co Boston
100 .649 Blod^et Merritt & S80 000 bonds. 100 .34
4%
.
.
.
,
(
1
& Co., Boston
100.07
Co., Boston
20,000 bonds. 100 .78
Staunton Township School District (P. O. Staunton),
Macoupin County, 111. Bond Offering. Further details are
at hand relative to the offering on July 2 of the $10,000 5%
registered building bonds mentioned in V. 82, p. 1459.
Proposals will be received until 2 p. m. on that day by U. G.
Auer, Secretary Board of Education. Denomination $100.
Date July 2 1906. Interest annually on May 1 at the office
of the Township Treasurer.
Maturity $2,000 yearl}'- on
May 1 from 1908 to 1912 inclusive. Bonded debt, this issue.
Estabrook
;
I
—
Assessed valuation, $218,000.
Sterling Township, Whiteside County, 111.
Bonds Voted.
issuance of $22,500 bridge bonds w^as authorized on
—The
NEW
LOAMS.
LOANS.
S600,000
City of
Seattle,
Wash
,
LIGHTING BONDS.
Notice is hereby given that the negotiable bonds o£
the City of Seattle in the amount of Six Hundred Thousand (§600,000) Dollars, issued under the prbvisions of
ordinance No. 13,242 of said City of Seattle, for the
purpose of enlarging and extending the Municipal Light
plant, constructed and acquired pursuant to the provisions of Ordinance No. 7,708 will be sold by said
City to the highest and best bidder, and that sealed
bids for said bonds will be received by the undersigned,
City ComptroUer and ex-Offlcio Cit3' Clerk of the City
of Seattle, at his office in said city, until Saturday,
the 7th day of July, 1906, at the hour of 10:00 o'clock
A.M.
of
The said bonds
One Thousand
shall be issued in the denomination
(SI. 000) Dollars and shall rua for
a period of twenty (20) years, and shall bear iifterest
at a rata not to exceed four and one-half (iVi) per cent
per annum, payable semi-annually, with interest coupons attached: and the call for said bids shall provide
the following alternative: For straight twenty-year
bonds, and also for bonds payable at any time after ten
years, and on or before twenty years, at the option of
the City of Seattle. Said bonds will be delivered to
the successful bidder in blocks of Twenty-flve Thousand
(S25,000) Dollars, or multiples thereof as in the judgof the City Council it is required, and the whole
Issue thereof shall be delivered within twelve (12)
months from the date of the first delivery. Each bid
must be accompanied by a certified check upon some
bank in the City of Seattle, payable to the undersigned,
lor Five Thousand (S5.000) Dollar.?, which will be returned if the bid is not accepted; if accepted, it will be
applied upon the purchase price of the bonds, or forfeited to said city if the bid is not complied with.
If the Slate Treasurer or Commissioner of Public
Lands of the state of Washington shall be a bidder for
said bonds on behalf of the Permanent School Fund of
said State, no deposit sliall be required of Iiim with
such bid.
The right is reserved to reject any and all bids.
All bids will be opened and considered by the corporate authorities and the City Treasurer at the office
of the 01 ty Treasurer in the City of Seattle, King County,
Washington, on Saturday, the 7th day of July, 1906,
at the hour of 2:00 o'clock in the afternoon.
Further parti(!iilars will be given by the undersigned
upon application.
ment
H. W. CARROLL.
Dated May
City Comptroller and ex-Offlciff
City Clerk of the City of Seattle
26, 1906.
MUNICIPAL AND RAILROAD
City of Seattle, Wash.,
PARK BONDS.
NOTICE IS HEREBY GIVEN that the negotiable
bonds of the City of Seattle, to the amount of S500,000 00, issued under the provisions of Ordinance No.
13,188 of the City of Seattle, for the purpose ot providing money lor the purchase and improvement of
land for Parks Parkways and Playgrounds, and for
the payment of existing indebtedness incurred in the
purchase of property for Parks, Parkw.ays and Playgrounds, will be sold by the City of Seattle to the highest and best bidder, as hereinafter provided, and that
sealed bids will be received by the undersigned. City
Comptroller of the City ot Seattle, at his office in said
city, until Saturday July 7, 1906, at the hour of 10:00
o'clock A. M.
Said bonds will bear interest at a rate
of not more than 4 per cent, and will be issued in denominations of SI. 000 00 each and will bear dale as
of the date they are actually issued to the successful
bidder. Said bonds shall be payable by their terms
not exceeding twenty years after the date of their issue.
Said bonds will be delivered to the successful bidder.
Interest will be paid on said bonds at the rate provided
in the bid accepted, and interest coupons for the payment of .such interest semi-annually will be attached to
said bonds.
Each bid must be accompanied by a certified check on some bank in the City of Seattle payable
to tUe undersigned, tor S12,000 00, which will be returned if the bid is not accepted; if accepted, it will be
applied UDon the purchase price of the bonds. It the
State Treasurer or the State Board ot Land Commissioners of the State of Washington shall be a bidder
for said bonds on behalf ot the permanent school fund
ot said State, no deposit shall be required with such bid.
Right is reserved to reject any and all bids.
All bids will be opened and considered by the corporate authorities at the ofRce ot the City Treasurer in
the City of Seattle, on Satvu-day, the 7th day of July,
190(?, at the hour of 2:00 o'clock in the afternoon.
Further particulars will be given by the undersigned
upon application.
Dated at Seattle, Washington,
1906.
&
Burr,
Street,
BOSTON.
BnlldlBs,
I£»takllab«(l
H. C. Speer
Emcnved on
B.
KIKG &
CO.,
806 Broadway, N.T.
^io,ooo
ChippewaCounty,Mich.
Bridge Bonds.
Sealed bids will be received up to the hour ot 2 o'clock
p m. on Saturday, July 7th, A. D. 1906, for the sale
ot SIO 000 of 4 per cent semi-annual, flft«en-year,
Chippewa County bridge bonds, dated June 1st 1904.
SI 5, 000 previously sold.
The right to reject any and all bids is reserved.
A certilied check for 2':'c required with each bid.
Address bids to
JOHN
E. PARSILLE.
County, Clerk.
Sault Ste. Marie, Michigan
May
INVESTMENT BONDS.
fllNCINNATI.
ALBEEX
BUrLDI^G BONDS.
H. W. CARROLL,
Perry, Coffin
SEASOMOOD & MAfEE
Mercantile Library
gteel or lltbograpbed, or
portlr printed and partly lltbograpbed.
Book ot 100 certlflrat«8. gteel-plate
border, and seal press. $16; ohcsper
BtylM as low as $2 iM) tor a book ot SO.
Colo.,
Sealed Bids will be received at the office ot the undersigned up to 6 o'clock p. m., July 14. 1906. for the purchase of S25,000 00 of the Building Bonds of School
District No. 3, of Morgan County, Colorado.
Denomination, S500 00: dated July 1, 1906; due 15
years: payable at the option of the District after 5 years;
interest 5%, payable semi-annually.
Full certified record of district proceedings and all
desired intorm.ation will be furnished on application.
Bids must include interest to date of delivery.
No qualified bids or bids unaccompanied by certified
check or deposit of S2,000 00 will be considered.
L. C. BAKER. Secretary,
Fort Morgan, Colorado.
H.
ON APPLICATION.
sfS^K GEBTIFICATES
Morgan County,
3
City Comptroller and ex-Offlclo City Clerk.
60 Btate
LIST
this 26th day of
SCHOOI. BISTRICT KO.
iriri»t
1885.
& Sons Co
Nat Bank Kalldimg, Cbicago,
COUNTY
'^^'^*^^'
AND TOWNSHIP
a.TY
BONDS.
W. NOBLE &
New York.
COMPANY.
Detroit.
Philadelphia.
MUNICIPAL
AND
PUBLIC SERVICE CORPORATION
BONDS
Bonds
Alabama State Bonds
IVIobiie City
Dealt iu by us.
Wire un your
OS'erlnK.
MAOAETNEY & SOHLEY
BANKERS & BB0EEK8
MOBILE, ALA.
June
THE CHRONICLE.
30 1906.]
May 15 by a vote of 798 to 391.
sale not yet determined.
1517
1173, were" awarded on May 28 to the Commercial
of Duluth at par for 6s.
Toledo, Ohio. —Bonds Authorized.
The City Council
passed orcUnances on June 4 authorizing the issuance of the
following bonds:
Details of issue and date of
82, p.
Investment Co.
—
Sugar Creek Township School District (P. 0. Bellbrook),
Greene County, Ohio. Bonds Not Offend. We are informed
that on account of pending litigation the Board of Education
did not offer on June 26 the $1 ,300 5% coupon school-building
bonds described in V. 82, p. 1459. The case will be heard in
the Common Pleas Court on July 2.
—
SIX, 559 91
5%
•
;
coupon Central Avenue No. 2 asses.sment bonds dated M.arch 15
1906. Denomination $1,100 except one bond tor 31,119 91. Interest March 15 and Sept. 15.
Maturity one bond each six montha
beginninE .March 15 1907
coupon \voodland Avenue No. 1 assessment bonds dated .\pril 20
1906. Denomination SI. 250 except one bond tor SI, 264 57.
Interest March 20 and Sept. 20.
Maturity one bond each six months
bosinninR March 20 1907.
coupon Felix Street No. 1 as,sessment bonds dated March 14 1906.
Denomination S155 except one bond for $149 09. Interest March
14 and Sept. 14. Maturity one bond each six months begiiming
12,514 57
5%
614 09
5%
2,611 65
5%
coupon Sewer No. 921 assessment bonds d.ated May 17 1900. Denomination S200 except one bond for .S271 65. Interest March 17
and Sept. 17
Maturity one bond each six months beginning
583 93
5%
coupon Sewer No. 957 assessment bonds dated June 5 1906. Denomination $145 except one bond for S14S 93. Interest March 5
and Sept. 5. Maturity one bond each six moutlis beginning March
903 95
5%
coupon Ellis Avenue No. 1 assessment bonds dated Dec. 15 1905.
Denomination S230 except one bond for $213 95. Interest March
15 and Sept. 15. Maturity one bond each six montlis beginning
Summer Home School District,, San Joaquin County, Cal.
Sale.— On June 16 |2,000 6% 1-20-year (serial)
—Bond
school-building bonds were awarded to P. B. Frascr at 101 .25.
A bid of par was also received from H. R. Mc Noble. Denomination $100. Date July 1 1906, Interest annual.
March
—
Sweetwater, Monroe County, Tenn. Bond Election. An
election will be held in this town on July 7 to vote on the
question of issuing $30,000 coupon water-works and $10,000
coupon street-improvement bonds at not exceeding
interest.
Authority, Chapter 592, Acts of 1903.
March
5%
—
14 1907.
17 1907.
5 1907.
March 15 1907.
coupon Newbury Street No. 1 assessment bonds dated April 20
1906. Denomination $525 except one bond for $502 S3.
Interest
M.arch 20 and Sept. 20, Matm-ity one bond each six months beginning March 20 1907
33,891 16 5% coupon I^agrange Street No. 3 assessment bonds dated Jan. 12 1906.
Denomination $3,400, except one bond for $3,291 16. Interest
March 12 and .Sept. 12
Matm-ity one bond each six months be3*r^- ginning March 12 1907.
Tahlequah, Ind. Ter. Bonds Authorized. This town recently authorized the issuance of $50,000 coupon waterworks bonds. Securities are tax-exempt. Bonded debt at
present $17,500. Assessed valuation for 1905 $1,000,000.
Full details of issue and date of sale not yet determined.
5,227 83
5%
•
Tecumseh, Johnson County, Neb. No Action Yet Taken.
We are informed that no steps have yet been taken in the
matter of issuing tlje $10,600 electric-light-plant bonds men-
Interest isfpayable at the office of the City Treasurer.
Trenton, N. J .—^Bond Offering .— Proposals were asked until 11 a. m. yesterday (June 29) by W. J. B. Stokes, .City
Trea.surer, for the following bonds:
—
tioned in V. 82, p. 1173.
Proposals will be reThomasville, Ga. Bond Offering.
ceived until 8 p. m., July 2, by J. F. Pittman, Mayor, for
$25,000 4}^% gold coupon sewerage bonds. Denomination $500.
Date July 2 1906. Intere.st Jan. 1 and July 1
Maturity thirty years, subin New York or Thomasville.
Bonds are
ject to call $2,000 yearly after seventeen .years.
exempt from city taxes. Certified check for $500, payable
Bonded debt, including this
to the Mayor, is required.
issue,- $77,000.
Assessed valuation for 1905, $2,780,000.
—
4% 10-year regi.stered paving bonds dated Aug 1 1906.
4% 10-year registered refunding bunds dated .\ug. 1 1906.
4% 30-vear registered water bonds dated June 1 1906.
E13.000 4% 30-ye.ar registered repaving bonds dated Aug. 1 1906.
Denomination $100 or multiples thereof. Interest semiannual. The result of this offering was not kuoAvn at the
hour of going to press.
Union-Endicott High School District No. 1 (P. O. Union),
Broome County, N. Y .—Bond Sale.— On June 18 the $18,000
and $2,500 registered bonds described in V. 82, p. 1400, were
awarded to W. J. Hayes & Sons of Cleveland at 101.17 for
SllO.OOO
44,200
25 000
•
—
Bond Sale. We are just adTofte, Cook County, Minn.
vised that the $10,000 20-year road bonds described in V.
NEW
NEW
LOAf^S.
jijs
4/^ per cents.
NEW
LOANS.
^oo,ooo
00,000
HUDSON COUNTY,
BO^'DS.
virtue of re.solutions of the Board ot Chosen
Freeholders of the County of Hudson, State of New
.Jersey, passed at a meeting held Thursday, June 7,
1906, sealed bids and prot)osals will be received and
opened .at the meeting of said Board, to be held in
the Court-Hcase, Jersey City.
THURSDAY, JULY 5, 1906,
At 4 o'clock p. m.,
"New County Buildine Bonds."
Said bonds to be coupon bonds of the County of
Hvidson, in denominations of not less than $1,000
each, to run for a period of forty years, to bear date
August I, 1906, with interest at four per centum
per anniun, payable semi-.annually February and
August, and to be sold for not less than par and accrued
for the sale of §500,000
The South Park Commissioners
cago,
one
111.)
receive
thousand
(1,000)
($1,000) four
dollar
serial
will
bonds
until
(Chi-
proposals for
one
thousand
interest.
(4%) per cent
four-thirty P. M.
MONDAY, JULY
1906,
2,
at the office of said South Park Commissioners, 57th Street and Cottage
Grove Avenue,
in the City of Chicago.
Each proposal or bid must be enclosed in a sealed
envelope, endorsed: "Propo.sals tor Bonds," and' to
be accoiupamed bv a certified check enclosed therein,
drawn to the order ot Stephen M. Egan, Comity Collector, on some national bank or trust company, or
cash in the sum of five thousand dollars.
Bidders may bid for the whole or any part of the
issue
The Board reserves the risht to reject any or aU
bids if It is deemed for the best interests of the County
to do so.
By
order of the
Bidders
3oard
of
Chosen Freeholders.
JOHN
P.
EGAN,
will please furnish certified
information and form of pro- of cash, if convenient.
be obtained upon applicaHUDSON COUNTY,
Population
tion to the undersigned.
Valuation
Bonded Debt
E. G. SHUMWAY.
Sinking Fund
Full
posal
may
N.
J..
Clerk.
checks instead
STATISTICS.
in
&
Oo.,
KUMICIPAL AftD
OORPOffAT/ON
La
&
Salle Street. Chicago.
Trowbridge & Niver Co.
757-73V Broad
Philadelphia.
NEWARK.
liiMtH
upon
m., at the Free-,
N.
J.
reserves the right to re.iect any or all bids.
ot the jiroposed bond will be lurii)s|iod on a.pi)liProposals to be addressed to the Director ot
the Board of Chosen I'rceholders ot the County of
The Board
.A form
c.'ition.
den.
Cam
Camden Court House, Camdeu, N.J.
E. S. DOBBS,
Chairman of Stone Road Committee.
Geo. J. Bergen, Sol'r, 428 Market St., Camden, N. J
Jvine 15, 1906.
ERVIN & COMPANY,
BANKERS,
5
New York
Stock Exchange,
St..
FOR IIWESTMIEWT.
48 Exchange Place,
Now York.
Drexel Building,
Philadelphia.
BOSTON,
60 State Street
Albert Kleyboltr
&
Co.,
Denison & Farnsworth,
409 Malnnt Street,
< IIMCINNATI, O.
BO.STON and OLKVGL.ANU.
Carefully Selected
«
SpccInllHtM
8l
Co.,
ill
^UXICIPAL BO\DS.
Garfield Buildir.o^,
for
I
tfONDS
reqnest.
Emery, Ande'son
BONDS.
lit
a.
Camden County Court House,
or part of $i)(1.000 ot tour per cent
bonds issued for the improvement of certain roads in
the Cbiinty of t:amden. Bonds to be of the denomination of :?1 .(100 each, to bear interest from .hily 1, 1906
one-third tbcreot to be due July 1, tOlO, one-tliird July 1
1921 and one-third July 1, 1920, interest ))ay,Tble semiannually at the olhce ot United Stales Mortwiire and
Trust Company. New York, or at lie County Collector's ofHce, Camden, .V. J., at purchaser s option.
Said
bonds to be reyistered or coufjon, or both, at the option
of the pureiiaser.
The bidder must encl9.s€ with each proposal a certified
check on a .Vational Bank, iiayahle to the order of the
County Collector of Camden County, New Jersey, in the
Sinn of at least five per cent of the amount bid. as a
guaranty to comply with the projjo.sal if awarded the
bonds. All bids to be u'.ade with the understanding
that accrued interest on the bid to the date of -delivery
of the bonds shall be paid bv the buyer, and settlement
to be made at the ('ounty Collectors ollice, Camden,
all
**'°"'®"iPhiladelplua Stock Exchange.
New York and Philadelphia
Stock E.xchanges.
MUNICIPAL AND PUBLIC SERVICE
CHICAGO,
Nat. Bank Bldg.
in the
HIGH GRADE BONDS
BONDS.
i8i
N. Y.
Room,
.
of
Private Wires to
Wedne-sday. July 11th, 19U6. at 11
holders'
the purchase of
Jersev Securities.
BANKERS,
MacDonald, McUoy
Improvement Bonds.
$6.507.0.5:;
EISELE & KINC,
Members
J.,
The Board of Chosen Freehoklers of the County o
Camden, Now Jersey will receive sealed proposals on
Dated
06
$807,937 49
-.-
New
N.
449.879
$240.738, e>48 10
--
Secretary,
Specialists
Camden County,
4%
Bv
SOUTH PARK
4% SERIAL
N. J,
BONDS.
4^
^l,000,^fOO
LOANS.
CLEVELAND.
MUNICIPAL BONOS
And other Hio'h-Grade
Investment
Securities.
Full desorlptionR c>howlng price
on applioatiou.
and income
THE CHRONICLE.
Okla. — Bond Sale. — On Minneapolis at
1518
Wanette, Pottawatomie County,
June 9 the $20,000 0% 30-year water-works bonds, a description of which wixs given in V. 82, p. 1230, were awarded, it
Securities will
is stated, to John Nuveen & Co. of Chicago.
be dated July 2 1906. Interest semi-annually at the Na-
Bank of Commerce in New York City.
Washington Township (P. O. Eaton), Preble County,
Ohio.— Bond Sale.— On June 2 $6,000 5% 1-3-year school
bonds were awarded to the Eaton National Bank of Eaton
Denomination $2,000. Date June 2 1906.
for $6,048 50.
Waycross, Ware County, Ga. Bond Election. On July 7
this place will vote on the question of issuing $50,000 streetpaving, $25,000 school and $25,000 sewer 5% 30-year bonds.
West Carroll ton, Montgomery County, Ohio. Bond Sale.
On June 19 the six issues of 5% coupon street-improvement bonds aggregating $3,200 and described in V. 82,
p. 1288, were awarded to Hayden, Miller & Co. of [Cleveland
tional
—
—
—
—
for $3,425.
West Palm Beach School District No. 1
Beach), Dade County, Fla. Bond Sale.
—
(P. O.
—
West Palm
On June 5 ^the
coupon school-building bonds described in V. 82,
p. 1230, were awarded to C. H. Coffin of Chicago for $20,011.
West Point, Miss. Bond Offering.' Proposals will be received until 8 p. m. July 10 by the Mayor for $30,000 5%
school-building bonds.
Interest Jan. 1 and July 1.
Ma-
5%
$20,000
—
—
5%
turity thirty years.
Certified check for
of the amount
bid, payable to the city, is required.
J. R. Brinker is City
Clerk.
Wood County (P. O. Bowling Green), Ohio.— Bond Offering.
Proposals will be received until 12 m. July 9 by B. CHarding, County Auditor, for $50,000
coupon highwayimprovement bonds. Denomination $1,000. Date Aug. 1
1906.
Interest March 1 and Sept. 1 at office of County
Treasurer.
Maturity $5,000 every six months from March 1
1907 to Sept. 1 1911 inclusive. Certified check for $1,000
required.
^Vccrued interest to be paid by purchaser, who
will also be charged for printing blank bonds.
—
5%
—
—
Worthington, Nobles County, Minn. Bond Sale. On
June 22 the $14,000 5% 15-year refunding bonds described in
V. 82, p. 1340, were awarded to U. M. Stoddard & Co. of
NEW
#30,000
street
Co., Pa.
BOROUGH
The principal and in1 and September \.
terest are free from all deductions for taxes.
The Borough of Sharon Hill is an attractive and prosperous suburb of Philadelphia, situate on the line of
on March
the Philadelphia Baltimore & Washington Railroad,
which has two stations within the Borough limits and
accessible also by the Baltimore & Ohio Railroad and
by two trolley lines.
The Borough has an excelent sewer system, and
is
supplied with gas, water and electric lighting.
The last assessed valuation of the taxable property
within the Borough is $791,450, and the erection of new
buildings will very shortly increase this to $1,000,000.
The actual indebtedness (not including the present
issue of bonds) is $21,869 57, secured by bonds to the
amount of $35,100, against which there is a sinking
fund of $13,230 43. There is no floating indebtedness
not provided for out of current revenues. The present
rate of taxation for Borough and loan purposes is eight
mills on the dollar.
any or
all
—
—
—
NEW
—
LOANS.
•
FULTON & CO.,
County, N. J.,
County Building Bonds.
Sealed proposals are invited for $30 150 Four Per
Cent Registered Bonds, interest payable April and
October 1
These bonds are issued in conto;-mity with the provisions of Chapter 543 of the Laws of 1899, and of resolutions passed by the Common Council Jan. 8, 1906
and June 25, 1906. The bonds will be dated and will
mature as follows;
Matures.
Dated.
Jan. 15 1906 Apr. 1 1930
$10,000
July
Apr. 1,1931
10,150
2 1906
--Jul y
10,000
2 1906 j^r_^^j2£12
The necessaryTpapers ^ to establish the legality of
this issue will be furnished immediately to the successful bidder, who will be expected to take up the bonds
on" July 9. 1906. which must be paid for. including accrued interest to date of delivery, by certified check to
the order of the Treasurer^f the Board of Education.
Yonkers, N.Y.
Proposals must be accompanied by a certified check
•
per cent of the amount bid for to the order of
the Treasurer, as above, and endorsed "Proposals for
School Bonds." and addressed to J. H. Claxton, Secretary of the Board of Education. Yonkers. N.Y.
The right is reserved to reject any or all bids, which
will be opened in the Board Room. High School Building. Monday, July 2. 1906. at 8 o'clock p.m.
Sealed proposals will be received by the under"
signed in Somerville, Somerset County. New Jersey,
until Friday, July 6th, at 12 o'clock noon, lor the
purchase of all or any part of 5280,000 four per cent
County Building Bonds of Somerset County, New Jersey. The legal ty of the bonds will be approved by
Messrs. Dillon & Hubbard of New York, and the bonds
will be executed under the supervision of and certified
as to their genuineness by the Unted States Mortgage
& Trust Company of New York. Printed circulars
''ontfiining more definite information with reference to
aid bonds and blank forms for bids can be had on application to the undersigned or to Messrs. Dillon & Hubbard, or the United States Mortgage & Trust Company
of
New
York.
E. B.
tor five
ROBERT G. JACKSON.
RUDOLPH EICKEMEYER JR.,
SAMUEL M STEVENSON,
.
Committee on Finance.
MUNICIPAL
ALLEN, County
Collector.
MUNICIPAL AND
PUBLIC FKANCH ISE COEPOBATION
BONDS
Bousht and Sold.
W.
J.
HAYES & SONS,
CLEVELAND, OBIO.
BOSTON. MASS.
AND
Public
Service
Oorporatioii
BONDS.
.
Whiting Papers
ROLLINS & SONS,
E. H.
Municipal Bonds.
181
—
—
Issued to the Board of Education.
bids.
JOSEPH BAIRD,
Treasurer of Borough of Sharon Hill.
R.
—
QITY OF YONKERS Somerset
The above-mentioned bonds wHl be sold with interest
accrued thereon from March 1, 1906, and tenders therefor should specify the premium offered above the principal and accrued interest.
Each proposal must be accompanied by a duly certified check or draft for 5 per cent of the amount bid for
and the Borough authorities reserve the right to award
F.
—
SCHOOL BONDS.
Sealed proposals for the purchase oJ the whole or
any part of 530,000 BONDS OI'' THE
OF
SHARON HILL. Delaware County, Pennsylvania, will
be received by the undersigned up to twelve o'clock
noon of .July 26, 1906.
These bonds are coupon bonds with provisions for
registration of the denomination of $1,000 each, issued
under the Laws of Pennsylvania and in pursuance of a
vote of the electors, for the purpose of making street
improvements, and bear date March 1, 1906.
The principal is payable in gold coin at the end of
thirty years, or at the option of the Borough at any time
after twenty years.
Interest at the rate of 4 per cent
per annum in like gold coin is payable semi-annually
for or to reject
—
I^30,1S0
Improvement Bonds.
a part of the bonds bid
107.222.
Bids were also received from
Kahler, Sherman, Hitchcock & Co., N. W.
Harris & Co., American Securities Corporation, C. H. Coffin
and Browne-Ellinwood Co.
Wright City School District (P. O. Wright City), Warren
County, Mo. Bonds Registered. On July 20 $4,000 4%
bonds of this district were registered by the State Comptroller.
Denomination $200.
Yazoo City, Miss. Bond Offering. Proposals will be received until 7:30 p. m. July 9 by E. J. Poursine, City Clerk,
for the $50,000 5% coupon electric street railway bonds,
offered but not sold on June 11 (V. 82, p. 1461).
Denominations $100 and $500.
Date June 11 1906. Interest
annually in Yazoo City. Maturity $100 yearly on June 11
from 1907 to 1925 inclusive and $48,100 on June 11 1926.
Certified cheok for $1,000, payable to the City Clerk, must
accompany each bid. No conditional bids will be considered.
Yonkers School District, N. Y. Bond Offering. Proposals will be received until 8 p. m. July 2 by J. H. Claxton,
Secretary Board of Education, for $30,150 4% registered
bonds. Authority Chapter 543, Laws of 1899, and resolutions passed by the Common Council on Jan. 8 1906 and
June 25 1906. Of the amount of bonds offered, $10,000 will
be dated Jan. 15 1906 and mature April 1 1930; $20,150 will
be dated July 2 1906 and mature $10,500 April 1 1931 and
$10,000 April 1 1932. Interest annually on April 1 and
Oct. 1.
Certified check for 5% of the amount of bonds
bid for, payable to the Treasurer of the Board of Education,
required.
Bonds will be delivered July 9. Accrued interest
to be paid by purchaser.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Yuma County (P. O. Yuma), Ariz. Bonds Not Sold
Bond Offering. All bids received on June 16 for the $35,000
6% 10-20-vear (optional) coupon bonds described in V. 82,
Proposals are again asked for.
p. 1401, were rejected.
these bonds and will be received until 10 a. m. July. 11
&
O'Connor
NEW LOANS
LOANS.
Sharon Hill, Delaware
[Vol. LrXXKn.
BOSTON.
LA SALLE STREET.
Denrer.
CHICAGO.
San Francisco.
Chlcafro.
THE SOUTH.
Blodget, Merritt
& Co
,
BANKERS,
16 Coni^ress Street, Boston.
3« MABSAD STREET, NEW TORK..
STATE,
cm
Business Opportunities, Investment
Timber, Mines,
Securities, Real Estate,
Properties, Farm or Town
Mortgages in all parts of the South.
Industrial
METROPOLITAN INVESTMENT 00
QBO
ft
RAILROAD BONDS.
B. EDWARDS, President. Chftrlestoiv. 8.
OOnunerclal and FlnanoUil Agent Bualneas ondcrtakea
la kU parts ot tbe world.
Satisfactory re(er«peas
.
For Fine Correspondence
for Q«DerAl Buslneea Uses are'
made in Ledger, Bond,
Ltaen and Fine Writing In rariety.
and
Btcmdard,
WHITING PAPER
New
OO.,
Philadelphia. Chicago.
Villa I Uolyoke. Ma«s.
York.
@FedFRASER