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1
.
*J
ommercialHInr0mcl?
Entered according to Act of Congress, In the year 1904, by William B.
Dana Company
-
,
In tlie ottioe of Librarian of Congress,
Washington D.
,
C.
SATURDAY, JUNE 4, 1904.
NO. 2032.
CLEARINGS—FOB MAY 1904 AND 1903.
CLEARING S—WEEK ENDING MAY 28, 1904.
VOL.
78.
ALSO SINCE JANUARY
1904
AND
May.
CUarinijs at
1904.
1903.
ALSO SAME WEEK IN 1903,
1903.
Week
Five Months.
In. or
Dec.
1904.
1903
4,842,S30.697
Philadelphia
Pittsburgh
Baltimore
BufliUo
Washington
Albany
Rochester
Scranton
Syracuse
Wilmington
Wilkes Ban-e....
Wheeling
Binghaniton
Greensburg
Chester
Frederick
Total Middle.
Boston
Providence
Hartford
New Haven
Spring«eld
Worcester
Portland
Fall River
Lowell
New
Bedford....
Holyoke
Total N.Eng...
427.402.S88
105.579.390
7U.707.889
28,533.910
18.221,689
17.1S0.736
12,879,372
7.113,475
6.617,915
4,531.441
3,622.149
3,081.534
2.060*500
1,585,752
1.970.338
023,190
5.622,545,813
638,965,898
27,127.800
11,563,403
8,360,794
6.307.857
5,282,020
6,160 467
8,012,912
l,9o8.021
1,788,118
2.181.525
612,738.795
5,574,929,186
501.30s.S_i2
— 13-1 24,558,807,89:! 29.950,831,966 — 180
-14 2,244,136.140 2.460,450,161 —S-8
-22
4
214,722.203
94,419.504 -15-6
+0-5
28.898.955
17,932,800 4-1-6
17,249,954 -04]
11,985,316 4-7-5
6,803.836 4-46
5.853,763 -4-0
6,147.156 -26-2
4,116,700 -120
3.159.162 -2-5
1,819,800 4-132
2.069,520 —234
2.020,591 —2-8
049,024 —4-0
6,493,592.305
638,197.976
28,228,000
11.643,562
8.181,859
6,848,455
7,078.984
5,908,544
4,208,698
1,812,828
2,281,757
1,891.403
-18 4
801,142.847 1,032,791,931 —22-4
431.948,480
480.193,488 -10-0
129.721.123
130.590,710 -0-7
87.608,705
88424.424 —006
74,704,842
78,157. 74S —4-4
58,186,920
50.908.895 4-22
37.081,990
35,638,808 4-40
27,046,349
28.466,548 -4-9
23.590.359
25.796.011 —8-6
18,645,012
19,045.993 -5-1
16,152,90' -11-9
14,231,259
9,427.200
9.256,009 4-1-8
8,278.509
9,811.80:1 -156
8.811,5b2 4-6 9
9,417.253
8,604.316
3,665.030 —1-7
28,537,509,197 34,435,297,636
4-1-0 2.683,955.786 2,869.980,822
-3 9
—0
4-2-8
—79
-25-4
+4'4
—28-4
4-9-7
146,347,100
58,448,338
40,055.457
82,988,027
23,675,133
30.309,681
19,040,809
9,445,734
10,086,776
10,459.161
-17
1
—65
150,295.700 —2-6
59,281,591 —1-4
87,909,594 4-5-4
85.241,23b —6-4
34,929.954 -34-1
80,620,700 —1-0
21,589,464 -11-8
10,021,271 —5-7
11,877,82b —100
8,590.272 4-21-8
—21-8
+15'3
616.227,066 —0-6 3,065,391,952 3,271,233,434
New York
Philadelphia
Pittsburgh
Baltimore
Buffalo
Washington.
Albany
Rochester
Scranton
Syracuse
Wilmington
Chicago
Cincinnati.
Cleveland.
Detroit
Milwaukee
Indianapolis
Columbus
Peoria
Toledo
Grand Rapids...
Dayton.
Evansville.
Akron.
Springfield,
111...
Youngstowu
Kalamazoo
Lexington
Canton
Rockford.
Ohio
Springfield,
Bloomlngton....
Qulncy
Decatur
Mansleld
Jacksonville. 111.
Jackson, Mich...
Ann Arbor
Total
M West.
flan Francisco...
Los Angeles
Seattle
Salt Lake City.
.
Portland
Spokane
Taeoma
Helena
Fargo
SlOux Falls
Total Pacific...
Kansas City
Minneapolis
Omaha
St.
8t.
Paul
Joseph
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita
Colorado Springs
Fremont
To. other
West
Louis
New Orleans
St.
....
Louisville
Houston
alveston
g
Richmond
Savannah
Memphis
Atlanta.
Nashville
Norfolk
Augusta
Worth
Birmingham
Little Rock
Fort
....
Knoxville
Macon
Chattanooga
Beaumont
Jacksonville, Fla
Total South...
Total all
,
Outside N. Y.
9.163.251
6,616,465
6,583,803
2,871.750
2,790,302
2,538,050
3,127,480
2,930.387
2,517.800
1,874,824
1.432.665
1,653,636
1,450.990
1 202,003
776.276
956.508
1,000,367
422.944
722,990.929
98,531,550
66,254,296
44,066,805
29,521,531
27,650,104
19,671,500
11.374.652
12,922.008
8,422,610
7,329,785
6,059,690
3.163.700
2,553,631
3,081,395
2,176.825
2,915,898
2.3S1.387
1,776,097
1.831,297
1,872,717
1,198.301
1,011,513
945,801
933,108
824.887
405,029
1,044.840.803 1.031.227,106
119,208,296
28,601,913
16,395,038
11,408,749
18,209.663
9,399.335
8.299. S39
2,167,480
1,770.783
944,670
211,405,816
73,996.437
63,430,277
32,360,276
24,121.147
18,091,712
18,127,205
10,116.589
5,408.015
8,745.365
8,503,275
4,763,476
2,043,156
722,655
250,429,585
224,661.386
68,468.038
45,676,260
20,858,944
13.976,500
18,870,279
11,584.510
16.362,802
11,443,033
9,911,615
6,920,173
4,236,490
5,664.424
5.173.526
8,445.043
5,037,585
2,896,000
3,333.195
2.314,619
8.052.018
4 73,9m i,470
8,215,947,282
3,373,116,5S5
-21
-2-3
—17-9
—3-7
+5-1
-18-5
—3-8
-69
—3-6
+8-8
—9-9
—7-8
-250
4-9-3
-17-8
+43+0-5
u\
—21-8
4-13-5
4-21-0
-r-18-9
-17-9
4-2-6
+21-3
+4-4
-34
119.440, 449 —0-2
23.769 980
-I-20-8
15,748, 86b
11.883. 699
+4-1
—1-0
12,197 212
9.394 207
4-83
--0-1
--0-9
3,623. 490.504 3,591.402.712
480
280
202
168
542,150
679,776
282,587
506.595
124. 562,713
91 636,700
63. 334,779
64 458.909
40, 949,798
87 123.231
28 215,060
11 875,650
14, 973,111
12, 238,838
15, 209,578
15 304.554
12, 517.335
9, 993,345
8, 400.095
225.95t
656.866
848,593
090.379
743.108
402,32b
922,276
489,267.700
336,692,612
211.046,140
154,088.336
126,213,768
93,927,900
58,674,163
65,805,683
39,300,879
35,902,255
26,883,318
15.601,600
14.871,446
13,792, 145
12,988.566
13.996.684
10.719,310
9.297,39s
9,059,236
8.429.835
6.844,65b
5,403,487
4.527,574
4,660.762
4,170,263
1,969.275
Binghamton
Greensburg
Chester
Krle
Franklin,
Boston
ProvidenceHartford
Springfield
Worcester
Portland.
River
Lowell
New Bedford
Fall
-09
Chicago
New England.
140,592,406
81,346.56a
58,534,285
69,349,483
4tJ.480.729
—
81.728,940 -9-5
64,866,866 —2-6
82,507,139 -0-6
24,701,065 —2*3
20,023,333 —9-6
20.419,763 -11 -2
9,495,880 +6*5
5,842,395 —7-4
5.090,785 -26-4
3.531.906 —0*8
8,186,561 4-495
1,918,000
714,773 4-1-1
264,029,406
78,268,011
59,991,719
09,009,749
42.453. 17S
41,058,660
11,645,320
9,802,818
5.081,095
6,125. 997 —7-5
5.240, 734 -1-3
3,331. 381 4-3-4
4.663, 913 --80
2,682, 000 --8-0
8.015, 150 1-105
2,387, 020 —3-1
1.559. 027 4-134-
457,748.181
9,118.534,323
3,543,605.13;
433,087.921
288,5158,390
163,049,785
119,591,817
102,016,135
88,754,668
49.004,731
26.840,298
18,660.545
20,814,575
28,389,299
10,474.877
3.924,445
418,392, 569
268,616, 211
162,686, 095
122,922, 879
106,32b, 267
91,828, 161
47,554, 677
31,908, 720
28,942, 020
21,839, 207
—1-3
Indianapolis.
-24
—06
Columbus.
—2-0
Toledo
+3-4
Grand Rapids
Dayton
4-5-0
Evansvllle
-239
4-0-7
-11-3
4-17-1
4-9-3
4-16-8
4-7-5
—73
4-9-4
4-11-9
4-82
—9"7
9,830, 619
8,979, 02
,144.753,651 1,027,227 ,960
462,042,020
317,250, 567
229,230,590
134,616,399
90,299,500
97,300.154
65,851,463
1 13,784,064
66,016,346
55,473,301
86.116,731
29,063,2*5
37.528,403
27,454,916
23,354,320
25,997,323
20,473,000
16,834,748
10,630.457
18,004,594
230,170 ,314
136,197 ,07'
90,050 ,000
83,910, ,814
73,846; 007
83,873, 569
60,781, 292
52,476, ,586
33.681, 603
33,644, ,042
32,680, 256
27,539, ,783
622.632
597,590
487,802
472.009
305.193
383,300
381,036
270.655
159,666
164.293
240,000
84,329
Lexington
Canton. .,
Kockford
Springfield,
--95
--3-7
--7-2
—31
4-4-5
4-0-9
+3-5
+7-4
+0-2
—2-7
—4-1
O
Bloomington
Ouincy
Decatur.
Mansfield
Jacksonville
Jackson.
Ann Arbor
Total Mid. Western
San Francisco
Los Angeles
—33
+3-0
-159
-355
+66
—1-4
+P2
+11-4
4-456
—0-4
—1-2
+03
+16-0
-108
+35-7
+8-7
--5-7
--7-2
-121
Spokane
Taeoma
Helena
Forgo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
St.
St.
Paul
Joseph.
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita.
Colorado Springs
Fremont
Cedar Rapids
Total other
Louis
New Orleans
Louisville
Houston
Galveston
Richmond.
Savannah
Memphis
Atlanta
Nashville
Norfolk
Augusta
Worth
Birmingham
Little Rock.
Knoxville
Charleston
Macon
Chattanooga
Beaumont
Jacksonville
Columbus, G»
Total Southern
Total
-2-2
Wesfrn
St.
Fort
all
Outside
1,876.88-7
1.483.536
1,119.858
578.100
637.569
New York..
1
100L
locus.
-01
-17-8
-103
+5-4
-0-09
-8-9
+221
+
289.50.'(
261,530
35.7S5.563
19,805,597
5,210.091
2.44S.548
3.013.778
2,3:19.534
1.183.615
s:sn,04i
649.846
750,000
401,552
249.900
300,668
225,000
tal.
-2-7 1.132.936.284 1,843.058,059
+10-8
+18-0
+6-4
+26-6
13,060.551
+10
101.497.042
5,372.200
1.878.457
1,318.453
364 48'
860,455
313.202
109,271.054
4,657,800
1,978 294
1,212.962
1.246,746
1.241.693
983.879
583.749
462.946
286.285
295.210
9
115.717.099
122,220,618
+8-7
134,565.849
17,096,650
12.414,990
7,296.108
5,377.333
3 411.011
2,876,700
1,970.640
2.275,847
1,185.242
1,365,531
1,147.192
470.000
508,514
581 ,705
135.504 670
10 914 500
11,440 875
7,706 020
5.079 .706
2,917.964
2,808 300
1,928 697
1.692 145
1,072 ,353
+16
-13
1,666.241
1,216.516
1.004.119
765.567
2
+29-6
-225
+27-0
+8 9
+125
134 905,531
20,482,400
12,472,805
941,086
757,700
576,488
831,594
666.022
375,154
453,964
I
-28-1
-o-oi
98,858.713
5.121.700
2,129.550
1,475.267
1.259,190
1,290,949
1.070.917
712,381
314,979
394,773
432.132
8,218.331
5.411,401
5,361.696
3,955,250
2.177.479
2.469,950
1,404.727
1,747,067
36,815,089
20.7 18, 4s
5.241,620
3,095.563
2.7*5.861
2,403,150
1. 242.680
979,568
934,630
812.415
596.009
304.S00
-3-5
+0-b
1,213,750.100 1,247.419.080
125.399316
28-
—3-9 1.015.072,930 1.177.423.186
+7-0
92.S57.095
91.869,300
16-4
459,700
-11-2
301.484
+35-1
423,124
+43-8
518,733
223,527
-t-38-4
1.044,705 Not inolutif d in to
589,68'
Portland
+
17,889,538.747
Ill
Youngstown
Kalamazoo
Seattle
Salt Lake City
-2-4
-13-6
+14-8
-0-3
21,373 675 +8-3
21,332, 333 +21-9
16,868, 000 +21-4
47,840,370,713
Akron.
Springfield.
--0-5
14.336. 169 4-17-0
10,843, 029 -o-i
8,417, 681 +1144-3-5 2.704.825,5202 2.376.501.359
13-6
— 99 42,058,606,305
— 4-8 17,499,798,412
Peoria
+89
-4-7
17,523, 220 +33-4
—8-2 1,348,156,986 1,332,351 ,672
213,712, 543 +5;i
60,257, 798
42,891. 648 443-5
22,475, 894 -7-2
14,769. 500 —5-4
17,797, 990 4-3-2
11,148, 445 4-3-»
15,739, 746 4-3-3
10.187. 86914-13-3
9,604 255" 4-3-2
6,476, 187 44S-8
8,680 484 4-15-1
Milwaukee
620,159,711 —2-9
121,995,746 +15-3
403
42,571,532
2,759 623 —21-5
12,480,214
1,798 42b —1-5
9,503,674
0-b
952 330
5.308,985
205,710 199 +2-8 1,068,538,637 1,059,406,007
7.765.
Detroit
+5-6
—2-4
5.334,184,331 5,365,515,705 —0-6
602,370,75'
Cleveland
4-6-1
937.915
557.089
395,000
339,027
313,408
860,955
101,455
(180.585
146,650.588
21,020,300
11,542,411
9,335.608
7.293.932
5.254,275
8.777,600
2.363:912
2,568.162
Cincinnati
—4-2
854,614
1901.
%
1,026,904.201 1.008.786,934
107,103,404
100,134,661
.'i9.007.00li
39, 850. 482
17,126.117
17.751.639
5,660,045
5,837,2113
3,286,30b
4,144,347
3,524.449
3.524,011
2.079.182
2,438,079
1.692,667
1,534,382
1,046,648
992,952
1,021.420
1,022.303
109,562.716
6.O45.400
2.265,381
1,868,08b
1,279,369
1,120,783
1.387,669
552,357
401,882
429,848
486.823
New Haven-
Holyoke
-166
Pa
Reading
Total Middle
-63
-1-8
...
Wilkes Barre.
Wheeling
Total
707.965,215
96,291,800
64,410,017
42.416,584
81.018,730
22,534,015
13,831,000
10.601.284
12.457,057
1903.
Inc. or
Dec.
s
%
I
New York
1904.
Dec.
AND
Man
cntlinti
—
(Hearings at
in. or
1902
+26
—7 5
-
+18-6
+348
-2-0
—45
+8-5
44*0
+33-6
-15-1
+189
-23-7
+106
-29*1
—6-5
+59
488 682
839 .320
887. 227
466 ,400
373 300
385 946
316 250,
391 595'
276 749
298 833
334,200
225.313
340,694
206.040
238.858
129,481
169.279
69.194
+70-1
+11-8
+31-4
—33-1
+27-1
4-418
+219
367,638
339.305
404,633
280.493
229,338
187.164
233,568
190,618
139.646
134,086
60.419
220.260,910
205.343.882
+7-3
195.598.950
192.2t*,573
25,741.199
5,750,660
8,300.000
2,416.728
2,586,177
1,976.974
1,973.801
428.211
380,114
163.857
23.972,252
6,731,858
2,908,015
2.085.441
2.238,897
1,875.916
1.657.324
383.347
354.412
189.266
+7-4
22.196,354
4,139,110
2.388,554
2.394.784
1,949.064
1,289.730
1,105,994
423.042
283,286
216,528
20,197,216
2.313,254
2,225.408
2,000,000
1.500,000
957>146
1,014,436
687,261
36.388,446
81,173,573
15,370,271
8,036.693
5,337,588
3,894,126
4,845.650
3,143,061
1,519,530
1,033,868
652,827
816.272
476,787
612,623
44.717,727
16,913.216
10,967.364
7,363,651
5,817,292
3,700,032
4.050,454
2.005,373
1,228,916
969,965
701,100
1,000,085
500,000
183,678
419,598
422.1 18
2
+7-5
+11-8
-87
—146
+135
+15-9
4-15-5
+5-4
+19-1
4-11-7
+7-3
-18-4
+5-5
42,396,728
+2-5
16,495,668
8.752,475 +25-3
6,147.037 +20-1
4,592,629 4-267
3.252.470 +13-8
+1-4
8,996,465
1,456.034 +37-7
1.018 258 +20 6
1.205,026 —19-6
532.736 +31-6
755.767 +33-6
377 877 4-32o
146,796 +28-7
Not include d in to
55,436.020
48,728.740
61,627.813
13,851.909
10,107.594
4.936.612
2,734.000
5,054,744
2,581,401
3,406.157
2,099,900
2,100,000
1.587,086
762,700
1,360,820
40.024,405
12,520.540
9.152.961
6 520.763
2,878,000
3,879,246
2.226.706
2,458,097
1,854.741
1,634,557
1.354,834
742,250
1,034.586
1,164,641
752,916
1,134,955
1,093,014
205,590
725.252
360.000
806.362
248.375
1.195.021
+6-6
+10-4
—24-3
-50
-
-49-6
-159
-33-6
-13-2
-28o
+9-8
4-2-8
+31-5
—2-5
679,461,426
EJTnble Clearings bv Telegraph and Canadian Clearings on pages 2314 and
931.3%
+90
811.(100
112.383
111.945
40.ooq
212016
166,733
181, 60*
tal.
+133
+287
751.295
+02
850,992 +334
956,182 +14*3
515 00O —48-1
539.607 +23400.000 -io-o
305.503 4-163-9
Not Include d in to
91,342.992 +18-1
107,853,481
+11
1,767,418,060 1,748.248 360
740,513,359
15,183 840
9.038,747
5.794,595
4,269,644
8.899,301
3,336.146
1,819.359
1,346,237
1,021,681
636,689
483,898
550.000
195,474
241 .879
203 907
199 609
47 568,60:
45.920,898
40 624.998
11 256,219
7, 945,114
4, 646,150
2. 729,000
3, 355,097
8, 164,363
2, 576.685
I, 887.626
1, 384.855
1, 215.525
951.352
1, 116.902
1, 162,218
725.193
571,543
39.257.497
10.253,3*1
8,725,584
4.040,420
2.779,000
3.180.128
3,140,830
1,000.036
1,469,926
1.231.888
1,252.547
851.808
1,346.027
753,432
465.251
533,201
461,000
436.138
355.823
329,524
451,000
380,000
350,000
tal.
1
82,361,646
95.893.724
674.101.010
1, 817.619.367
659.028,030
610,196,181
THE CHRONICLE.
2300
aspect of affairs does not change materially
and hence a pressing need
tedly backward,
TEE FINANCIAL SITUATION.
The
[Vol. lxxviel
is
for
warmer and more seasonable weather.
from
Judge Brewer, a liberal-minded man, than whom
and jet there are some events of Importthere
is no more conscientious judge on the bench,
In
continue
developments
which
ance transpiring the
There are made an address Wednesday before the Albany Law
as a rnle along the line of Improvement.
other matters also of importance which have at School, in which among other things he spoke of large
week
to week,
moment
tendency, matters, corporate Interests as a source of temptation to legisthough, the present aspect of which is not final, bat lators. "These interests," he said, "are colossal in
is varying from week to week and may be favorable size, alluring by the magnitude of their achievements,
to-day and depressed to-moirow. The continued suc- tempting not merely by the money they possess and
cesses of the Japanese we feel assured are eminently with which they can reward, but more by the influthe
a less
satisfactory
We
think If these vlctoiies
are followed, as they now promise, by the taking: without a long delay of Port Arthur, the outcome would
bring the world quite near to the close of the war.
We believe, too, that such a happening would lead to
the adoption of a more liberal trade policy, the enlargement of the world's oommerce, and remove Russia from the position she has so long held as a constantly irritating influence growing out of encroachments in the Far East as well as elsewhere, thereby
increasing the chances of a long general peace. Russia
claims that her destiny is to expand. Experience
shows that she cannot carry out that idea except by
keeping in a state of unrest all other Powers whose
territory is at any point adjacent to hers or interferes
Under those circumstances it
with that destiny.
of the former character.
ence they can exert in favor of the individual lawmaker in the furtherance of his personal advancement." Again he adds, "there may be no written
agreement. There may be, in fact, no agreement at
all.
that
And
when the lawmaker understands that
power exists which may make for his advanceyet,
ment or otherwise, that it will be exerted according to
the pliancy with which he yields to its solicitations, it
the corporation into a position of constant danger
and menace to republican institutions." That seems
to us a pretty serious charge, especially as it appears
lifts
to represent in
its
chief feature almost precisely the
Note, too, how vigorous and comprehensive this indictment is. The Judge
says "it lifts the corporation into a position of conopposite of the real situation.
and menace to republican institutions.'*
Suppose we should grant that large oorporate interwould prove, we think, of advantage to the world of
ests
have an influence on legislation and on legislators,
nations if Russia were to stand aside and let Japan,
do
not
all important interests have the
modern
civilization,
take
the
that phenomenon of
same or
greater? Are they, of all organizations in the land, to
lead in the Far East.
Another source of influence of a somewhat mixed be singled out and denied a hearing, or held up as
character has been the weather and the crops. As oorrupt and corrupting because they try to get justice
the continuance for another week of fairly propitious done them? How is it about the pension Interest?
weather for farm work and quite favorable conditions Does it not influence legislation, and does it not
for the growth of the crops was the .report up to through the number of votes it controls make for the
Wednesday, and as every seven days that state of ag- advancement of men of all degrees of political power,
ricultural affairs can be prolonged the condition and is it not often tampered with and used for that
must become more confirmed and the road to re- purpose? What shall we say of labor unions? Do not
cuperation better established, we were inclined the they receive a hearing and have great power in shapmiddle of the week to take quite an optimistic view ing legislation? What politician of high or low estate
This seemed to us to be
especially authorized, as we had at that time just finished our annual "Ootton Acreage Report." These
investigations in the cotton fields showed this year a
very large planting, and, with the rains of the
current week added, a promising state of the plant.
As to cotton, the spring development has as a rule
been slow, the thermometer being too low, especially
at night.
Tet everything seemed in shape now for
growth; all that was wanted apparently was higher
temperature with occasional showers. But we need
hardly say that does not authorize the conclmion of
an abundant harvest; a cotton crop Is a long
time in making, having to pass through months of
vicissitudes and risks.
It does mean, however, that if
the plant can get into July strong and stocky, it stands
a good chance of successfully battling with its enemies during the rest of its life. But since Wednesday, though the rains in the South have benefited
cotton, in a considerable section of the West wheat
development, both winter and spring, has suffered,
and in the Northwestern districts corn planting
and growth of that oereal are being delayed by the
These advioes, coming the last
cold, wet weather.
the
week,
were
possibly more disquieting than
half of
they ought to have been, for it Is now said that elsewhere corn Is doing well. Still, all crops are admit-
of the agricultural outlook.
stant danger
not biased in his views by labor organizations and
the number of votes his position on labor questions
Is
may drag into his net?
when their interests are
How
about lawyers
at stake?
Do not they
use
their eloquence and fluency of speech to
move legislators? Once, at least, we remember
they took advantage of their position to lower
is
it
the gates against applicants for admission to the bar
so as to make the guild more select and keep the uneducated outside the "circle of the profession." We
think that course was desirable. But the question at
the moment is not whether the legislation asked for is
proper, but whether great corporate interests are per
8e a
menance
the censure of
to
all
republican government, deserving
honest men.
In brief we claim, Instead of great corporate interests being a menace to the morals of legislators and to
republican government, there is no large body of our
people which Is so powerless before a legislative committee to move or Influence it as they are. Even let
It be known that a man is counsel for corporations
and his chances for preferment immediately decline.
Nothing robs an individual quicker of his influence
in or out of Congress than the rumor that he is a corporation attorney.
Then
again,
be true that large corporate interests are so powerful, wielding so much influence as
if it
UNE
THE CHRONICLE.
4, 1904.]
to be a terror to the legislator and a menace to public interests, why do we fiad the Sierman law In our
statute books ?
Wny la it
2301
of course there
ment
is
room
for
a further decided enlarge-
of the shipments.
that even after the S apreme
Court had stretched that law by interpretation so
as
The Pennsylvania Railroad return
for the
month
of
"unreason- April has been issued the present week. Considering
the si 1 3 of the system and the lack of activity in genable" restraints of trade, these immensely powerful
trade, and the depression in the iron and steel
corporate interests have not been able to get Congress eral
industry, the changes shown in the gross earnings
to modify it ? Why also, after the great body of
must be regarded as relatively small $399,300 delawyers has come to believe that the interpretation
on the lines east of Pittsburgh and Erie
referred to was erroneous, and after even the Supreme crease
decrease
on the lines west of
Court has grown to be afraid to face the logic of its and $178,400
together
a loss
own judgment, and has in substance said so why, Pittsburgh and Erie, making
The feature of momeat is
In gross of $577,700.
after all this, was it impossible for these great Interthat this shrinkage in gross receipts has not been
ests, so powerful as to act as a constant menace to the
in the expense account,
whole body of Congressmen, unable to make the least attended by any contraction
practically the whole of the loss in gross has
progress at the last session of that body to revise the so that
been carried over as a loss in the net. On the Eastlaw.
The truth of the matter is there is no industrial or ern lines there is $411,100 decrease in net and on the
Western lines $167,700 decrease, making $578,800 fallfinancial interest so feeble when standing in defence
ing off in net on the combined lines. Reductions in
of its rights before any law making body as a large
delayed thus far on acexpenses
have been
corporation. They have been called a menace so often
and other
the
bad weather, floods
that the ignorant public believes it, politicals avoid count of
daring
first
the
four
encountered
them, and there is no candidate for office considered obstacles
When the influence of
year.
the
available whe has not sometime expressed himself as months of
these drawbaoks has passed away, no donbt a conhostile to such organizations.
It
siderable saving in expenses may be looked for.
April
comparison
remembered
that
in
In the absence of activity in the home markets the should also be
one encouraging feature in the iron aid steel trades is was with a period in 1903 when there had been notethe continued export shipments. The statistics for worthy improvement in gross and net alike no less
the month of April have come to hand this week from than $2,289,500 gain in gross (combined systems) and
the Bureau of Statistics at Washington. They show $742,700 gain in net. The following shows the gross
that the outward movement during April was not and net earnings for the last six years on the lines
quite as large as for March, and yet the shipments directly operated east of Pittsburgh and Erie the
were of good proportions, furnishing in particular a only portion of the system for which we have the data
marked contrast with the almost nominal exports of forsmch a comparison.
to
include
"reasonable"
as
well
as
—
—
—
—
the corresponding period last year. We shall limit
our inquiry to those two main items, the exports of
billets, ingots and blooms and the exports of steel rails,
under those two heads that the greatest deOf billets, ingots and
velopment is looked for.
blooms the shipments during April 1904 were 28,276
tons, this comparing with only 54 tons sent out in the
same month of 1903. The quantity of steel rails forwarded in April 1904 was 10,460 tons, as against only
1,675 tons in April 1903. The total of the two classes
of exports, therefore, was 38,736 tons in the month
this year, as against but 1,629 tons in April last year.
The movement first began to attract attention in
December, following the action of the trunk lines in
November in meeting the request of the steel producers for lower transportation charges on export shipments of steel and steel products. At first the
amounts sent out were not very large, the December
export of billets, ingots, etc., having reached only
and the shipment of rails in the
4,065 tons
same month (December) having been 7,522 tons.
After that, however, the movement began to develop
quite rapidly. Taking the five months from Decemsince
it is
link bast or
1804
1908.
1902.
1901.
1900.
1899.
PlTTaBUMH.
AprU.
t
$
Sroai earmlngi.... 10,398 277 10,767.577 9,099,677 8,142,377 6,909,372 5,061,872
Operat'g expensee 7,054,098 7,042,893 6,072,998 6,449,198 4.768,164 4,030.084
Net earning!..
8,314,17* 3,725,379
3,026,679
2,698,179
9,141,208
1,681,308
J mn. I to April SO
88.811.9T9 38.702,879 83,921,879 Sl,o?6.679 26.501.909 21,863.309
Oreis e&rnlngi
Operat'g expeniei 29,012.885 28.599.085 23,458.885 21.526,986 18,634,381 16,001,881
Net earning!..
7,799,691 10,110,794 10.462,891 10,03>,fl9»
7.807.528
5,293,428
Notb.— These figures Include the Buftalo A Allegheny Valley Division for 1901, 1902, 1903 and 1904. In April, 1901, the earnings of
this division were, approximately, gross, $604,405
net, $114,971.
Prom January 1 to April SO the earnings of this division in 1901
were $2,310,770 gross and $611,637 net.
,-
There was no change in the official rates of discount by any of the European banks this week and
unofficial or open market rates were, compared with
last week, firmer at London and easier at Paris and at
Berlin and Frankfort. The Bank of France made
the
this
new
record of £110,813,797 gold holdings
The statement of the New York Asso-
his;h
week.
Banks last week showed remarkable changes in
loans, cash and surplus reserve.
Tne loans decreased
$16,070,100, making, with the reduction of $22,375,ciated
100 in the previous week, a liquidation of $3 3,445,200.
The cash gained $16,281,900, of which $13,272,600
against
no
been
tons,
as
was
specie, and the general deposits decreased $1,612,gots, etc., have
112,638
more than 665 tons in the same five months of the 600, the latter thereby causing a reduction of $403,previous fiscal year. The export of steel rails for the 150 in the reserve requirements, which sum, added
ber to April, both inclusive, the exports of billets, in-
months have been 49,280 tons, comparing with to the gain in cash, made the increase In surplus
3,568 tons. For the two items combined, therefore, reserve $16,688,050 and the total reserve $29,692,325.
the export total for the five months this year is 161,- Calculated
deposits less
upon the basis of
five
918 tons, while for 1902-3 it was only 4,133 tons, this those of $24,877,800 public funds, the surplus
being of course exclusive of the shipments of iron and is $35,911,775. It is noteworthy that the increase in
It will be admitted that these surplus reserve, based upon general deposits, was the
steel in other forms.
comparisons indicate very striking progress, though greatest on record. The largest increase previously
.
@
...
THE CHRONICLE.
2302
[Vol. lxxviii.
reported waB $12,173,285, October 25 1902; then the Thursday and a further sum of $545,465 47 was enincrease in cash was $17,063,100, due to the purchase gaged at the Assay Office for shipment on Saturday,
by the Secretary of the Treasury of 4 per cents of 1925 but it could not be obtained in time, and the export
The state* thereof was deferred unt* Tuesday. The export for
for the relief of the monetary situation.
ment of individual banks last week showed that four the week was therefore only the amount of $631,685 10
1
$14,640,400 net, above stated, making $60,901,461 63 since April 7. The
the City Bank alone showing a reduction of $11,637,300; shipment on Thursday would have been larger but for
while ten banks increased cash $13,143,800 net, the inability of the Assay Office to supply a greater
the largest gain being $8,611,000 by the First National. amount of bars,
the suspension of operations
of the institutions decreased loans
The bank
return of this week will probably reflect on Monday, owing to the Decoration Day holiday,
Engagethe receipt of $3,050,000, the proceeds of Japanese interrupting the process of manufacture.
gold transferred hither from San Francisco, and the ments were made this week for all the bars that
shipment hence to Paris of $631,685 10 gold on could be supplied for shipment next week, but
Thursday; also the average of $547,818 exported to the amount was expected to be small. If sight
exchange shall continue to advance in response
Paris on Saturday of last week.
to the inquiry for remittance, bankers will probably
Money on call, representing bankers' balances, be under the necessity of shipping gold coin;
but it is calculated that such exports cannot be profitloaned at the Stock Exchange during the week at 14,
ably made unless exohange at Paris on London shall
per cent and at 1 per cent, averaging about 1 J per
Monday was Decoration Diy, a holiday. On decline or until sight bills rise to about 4 88; even
cent.
then the profit cannot be accurately calculated except
Tuesday loans were at 1£ per cent and at 1 per cent,
full- weight ooin shall be procurable.
It may be noted
with the bulk of the business at 1 i per cent. On
that the tendency of Paris exchange oa London
Wednesday and on Thursday transact! ons were at 1-J
seems to be upward, the rate rising on Friday 1£
per centand at 1 per cent, with the majority at 1| per
centimes, and therefore the gold export point was
cent. On Friday loans were at 1^ per cent and at 1 per
slightly advanced.
Gold received at the Custom
cent, with the bulk of the business at 1
per cent.
Banks and truBt companies loaned at It} per cent as House daring the week, $19,992.
Nominal quotations for sterling exchange are 4 86®
the minimum. There was scarcely any inquiry for
4 86£ for sixty- day and 4 88 for sight. Rates for
short time loans, but some business was done in reactual bu8ine88 on Tuesday were, compared with those
newals for long periods, and the offerings of such conon Friday of last week, 10 points higher for long at
Kites on good mixed Stock Extracts were liberal.
4 8540@4 8550, while short and cables advanced 5
change collateral were l$@2 } per cent for sixty to
points to 4 8725®4 8730 for the former and 4 8745®
ninety days, 2|®3 per cent for four to five, 3@3 per
4 8750 for the latter. On Wednesday there was a rise
cent for six and 3^@1 per ceit for seven to eight
months. Commercial paper was in moderate supply of 5 points all around long to 4 8545@4 8555, short
and the demand was good at 32@4 \ per cent for to 4 8730@4 8735 and cables to 4 8750@4 8760. On
Thursday long rose 5 points to 4 8550@4 8555 while
sixty to ninety day endorsed bills receivable, 4@4£ per
short and cables moved upward 10 points to 4 8740
oent for prime and4£@5 per cent for good four to six
4 8745 for the former and to 4 8760@4 8765 for the
months' single names.
The tone was firm on Friday, with a rise of 16
latter.
;
',
—
The Bank
minimum rate of discount
3 per cent. The oable reports
of England's
remains unchanged at
discounts of sixty to ninety day bank bills in London
2@2 per cent. The open market rate at Paris is
2@2£ per cent and at Berlin and Frankfort it is 2&@
and c Vol 88.
The following shows dally posted rates for
exchange by some of the leading drawers.
points in short
sterling
DAILY POSTED BATES FOR FOREIGN EXCHANGE.
.1
According to our special cable from
London, the Bank of England gained £167,063 bullioD
during the week and held £32,847,401 at the close o
3 per cent.
the week. Our correspondent further advises us that
the gain waB due to the import of £100,000 from
Egypt and £13,000 from Australia, and to receipts of
£64,000 net from the interior of Great Britain.
The foreign exchange market was strong this week, in
FEI.,
May
Brown
87.
80 days 4 8S
Brothers
4S8
\ Sight
Burins,
486
( 60 days
4 83
Magoun A Co. X Sight
Bank British
60 days 4 86
4 88
No. America. }8ight.
Bank of
( 60 days
4 86
Montreal
488
X Sight
Canadian Bank J 60 days 4 85Wi
of Commerce.. I Sight
4 87*
Heldelbaoh.Ick- 160 days 486
olhelnier Jfc Co. \ Sight
488
Lazaret
( 60 days
4 86
Freres
}81ght.
4 88
Merchants' Bk. « 60 days 486
of Canada
4 88
I Sight..
M01 *.. TUKS., Wkd., Thpb., FBI.,
May 30. May 31. June 1. June
June 3.
tt.
88
88
s
.
86
88
.
)
t~
4
Q
h
C
EC
.
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
8a
86
88
86
88
86
88
86
m
86
88
86
88
86
88
86
88
§2^
86X
88
86
88
86
88
86
88
86
88
88
88
86
88
88
86
88
88
83
86
88
86
88
86
88
86
88
fluenced by the limited supply of bankers' bills, by a
The market closed on Friday at 4 8560@4 8555 for
good demand for remittance, and by the easy local money long, 4 8750@4 8755 for
short and 4 8770@4 8775 for
rates, which not only tended to increase the inquiry
cables.
Commercial on banks, 4 8525@4 8535 and
for drafts for mercantile settlement) but to discour- documents
for payment, 4 8450@4 8525.
Cotton for
age offerings of finance bills. The low discount rates payment, 4
8450@4 8460
cotton for acceptance,
*n London seemed to make long sterling more desir4 8526@4 8535, and grain for payment, 4 8515@4 8525.
aole than Bhort for such remittance as wa8 not of
an urgent character, which will acoount for the large
The following gives the week's movement of money
business in these bills. The supply of commercial
to and from the interior by the New York banks.
draftB was quite meagre, andjeonfined to grain, provls
ions and other commodities except cotton.
Received by Shipped by
Net Interior
Week ending June 3, 1904.
In the
If. T. Banks. S. T. Banks.
Movement.
absence of sight bills in sufficient volume to meet
911,886.000
$4,381,000
Gain. $7,445,000
urgent requirements for remittance, gold bars to the
967,000
721,000
Gain.
246,000
amount of $631,685 10 were shipped to Paris on
Total gold and legal tenders...
tl8.7P8.000
*5. 102,000
Gain. $7,691,000
;
June
THE CHRONICLE.
4, 1904.]
With the Sub- Treasury operation* and the gold
exports, the result
Week ending Ju ne
Into
Banks.
1904.
8,
Out Of
Net Change in
Banks.
"Rank Holdings
Banks Interior movement, as above 112.793,000
23.600.000
Sub Treas.oper. and gold exports.
$5,102,000
21.900.000
$36 893.000
$•7,002,000
Total
srold
and
letral
tenders
amount
following table indicates the
in the principal European b%nks.
The
June
Bank
2.
Gain. $7,691,000
Gain. 1,700,(00
Gain.
June
1904.
4,
*».'<hi
W'O
of bullion
1903,
of
France.
Silver.
£
£
32,647,401
U0.8l3.7fc7
England...
••
Germany
Gold.
Total.
Oold.
£
£
35,*) 86,000
Russia
84,691.000
8.113,000
92.804,000
Aus.-Hunt
47,209.000
12,975,000
60.184,000
Spain.
Italy
14,727,000
34,968,000
5,476,400
20,241,000
3,999,300
6,627,100
2,996,9>)7
1,498.333
4,465,000
23,045,000
£
35,961,404
46,047.06- i55,8ei.7ee 100,181,160
12,539,000 48.885.000 33,643,000
32,847,401
.•
26,044,300
lotal.
Silver.
77,676,000
45.717,000
14,528,000
17,978,000
3,939,500
2,982,000
£
85,361,404
....
44,816,980 144,988,140
U,*21,000 46,464,000
8,888,000
13,140,000
May 1903,
the War and
tures were about $6,250,000 larger than for
$4,500,000 of the augmentation beiig in
Navy Departments and, roughly, $1,200,0^0
as follows:
is
2303
86,469,000
20,564,000
68,857,000
35,( 82,000
2,259,600
20,228,600
in
the
pension payments.
Some apprehensions have been expressed lest this
contraction in receipts and expansion in expenses
prove a continuing feature in subsequent months.
Not too much
however, should be laid on the
It often happens that
results for a single month.
more of the outlays count in one month than in another, and not infrequently also revenue receipts are
lessened one month only to be Increased the next one.
Undoubtedly the diminished activity of trade
and the lower prices of commodities are restress,
ducing our foreign Imports, and this latter in turn
brings a decrease in the totals of Customs
may improve
duties.
any
most good judges is
Tot. week.. 356,492,865 111,040,701 467,532,966 331,890,064 109,588,8->0 441,868,941
not likely in any event to be prolonged beyond
Tot. pre v.. 354,984.811 111,081.851 466.066.3P2 334,114,667 109.789.8" 5 448.904.642
the period of the Presidential canvass. For the
* rue dlvisien (between gold and silver) given la our table of coin
Belgium
Bank
of
made
1b
and bullion In the Bank of Germany and tbe
11 months of the fisaal year, from July 1 to May 31,
from the best estimate we are able to obtain In neither oaae Is It
there is a balance on the side of the receipts in the
claimed to be accurate, as those banks make no distinction In their
Nether l'ds
Nat. Bel*.'
12,103,500
6.576,800
lO.Sie.'-OO
1,491,000
4,473,000
the trade situation
Still,
moment, and
at almost
in the opinion of
;
weekly returns, merely reporting the total gold and silver, but -we
believe the division vf e make Is a close approximation.
t The Austro-nungarian Bank Statement Is now issued in Kronen and Heoer Instead of Golden and K rentier. The reduction of the former oarrenoy to
sterling * was by considering the Golden to have the valne of 60 oents. At
Krone has really no greater valoe than 20 cents, our cable correspondent In
4, has altered the bails of conversion by
London, In order to reduce Kronen
dividing the amount of Kronen by 24 Instead of 20.
the
sum
of $2,328,159, if
allowance be
meda
traneous payments, which for that period
for the ex-
amount
$54,600,000— $49,000,000 on account of the Panama
Canal and $5,600,000 on account of the Louisiana
Purchase Exposition. With these items deducted, the
expenditures for the eleven
months stand
at $490,-
972,071, which compares with $471,586,852] in
1HE FIRST OF JUNE TREASURY
to
the
corresponding eleven months of the preceding fiscal
In this case there is no increase at all in the
year.
STATEMENTS,
and war expenditures, but an increase of $19,000,000 in
revenue statements have appeared from Washington the Navy expenditures and an increase of $3,286,000 in
which possessed as much Interest as those issued the the pension payments. The receipts for the eleven
present week for the first of June, or which have re- months were $493,300,230 in 190304, against $510,corded such striking and important changes. We 533,471 in the eleven months of 1902 03. The falling
need not dilate upon the events of the month that off has been entirely in the Castoms receipts, the other
have been prominent in bringing about the changes items showing gains.
a long
It is
referred to.
were
(1)
while since monthly Treasury
Suffice
it
to say that
among
these events
the payment by the United States of $49,-
Panama Canal ($40,000,000 being
Panama Canal Company and $9,000,000
f 00,000 for the
paid to the
to the Republic of
Panama);
(2) exports of
large proportions, considerably exceeding in
000,000;
and
(3)
gold of
May
$40,-
further calls upon the depositary
banks for the surrender of additional amounts of
their public deposits, one call involving $12,000,000
having to be met May 10 and a sesond call involving $10,000,000
The
May
25.
part played by these various circumstances
reflected in
many
different items.
is
For instance, there
was an increase during the month in thegtotalof debt
less cash in the treasury in the sum of $56,447,575.
At the same time the available cash balance was re
Tne Panama Canal payment
duced $57,631,672.
accounts for $49,000,000 of this amount, besides
loaned to the Louisiana
which $600,000
was
Par chase Exposition. This, however, still leaves
some $7,000,000 as due to other causes.
The explanation is found In a large excess of ordinary disbursements over the oidinary revenue receipts for the
month. Aggregate disbursements are reported at
$96,418,472, but this includes $49,600,000 for the two
items already mentioned, leaving the ordinary ex
penditures $46,818,472. The revenues were only $41,The latter were about $2,500,000 less than
688,059.
in the same month last year, the loss occurring mainly
In the Customs receipts, but extending to the Internal
revenue and to other items.
The ordinary expendi-
In view of the Panama Canal payments, the changes
in cash holdings are naturally very large. Daposlts In
the national banks were reduced over $48,000,000,
and June 1 1904 amounted to only $114,533,127, as
against $162,729,007 May 1. This shows that the
bulk of the money for the Canal payments came out
But money holdings in
of the depositary banks.
Sub-TreaBuries were also reduced some $7,000,000,
being June 1 $277,855,621, as against $284,961,313
May 1. If we go back another month to the first of
April, we find that holdings in Sab Treasuries then
were $294,036,317, so that in the two months the
Treasury lost and the banks gained over $16,000,000
through Treasury operations. It is worth noting that
as compared with May 1 the gold holdings have
diminished $14,250,000 and as compared with April 1
nearly $29,000,000.
On the other hand, the Treasury
held more silver, more legal tenders and more national bank notes than at either of the two preceding
monthly dates.
We have stated above that the available cash balance
was reduced $57,631,672 during the month. Excluding the $150,000,000 gold reserve, the cash balance
1 was $163,287,516, of which $114,533,127 consisted of cash in the depositary banks.
Apparently,
therefore, the cash in Treasury vaults was no more
June
than $48,754,389, bringing it below the fifty million
mark. But such a comparison is In a sense decidedly
misleading.
The balance is reduced to the figure
mentioned because every dollar of current liabilities,
amounting on June 1 to no less than $84,220,504, has
THE CHRONICLE.
*2304
been deducted. Actual cash in Sub-Treasunei
June 1 1904, we have already seen, waa $277,855,621;
this latter Includes the $150,000,000 gold reserve,
even deducting which, however, there remains cash in
Treasury vaults to amount of $127,855,621.
The reduction in Government deposits in banks has
brought with it a large decrease in the holdings of
bonds to secure such deposits. The Sub-Treasury in
this city held only $7,081,000 bonds against Government deposits on May 31, this comparing with $34,666,128 on April 30. At Washington the total was
reduced from $171,436,228 to $124,177,850. The details as to the varions classes of bonds held at New
York are lacking, but at Washington the principal
changes have bee a (1) the entire disappearance of the
$17,670,000 of railroad bonds reported held the previous month, (2) the reduction of the holdings of
State and city bonds from $20,717,128 to $6,842,500,
and (3) a decrease in the total of 2 per cents held
from $97,749,000 to $85,184,750.
While there has thus been a large redaction in the
amount of 2 per cents held as security for publio deposits, there has been an almost equally large increase
in the amount of such bonds held as security for
natural baik notes. In brief, $403,046,350 of 2s
were so held May 31, as against $393,528,350 on
April 30. Oi top of the large Increase in bank
circulation in previous months, there was a net increase during M*y in the further sum of $8,907,992.
This covers notes an* >at both on bonds and on legal
first
I
Vol. Lxxvin.
THE ADVANCE ON PORT ARTHUR.
In many respects the most remarkable phase of the
Eastern campaign, in which ihe centre of Interest
has now been shifted from the Mukden district to
Port Arthur, as it had previously been shifted from
Port Arthur B ly to Mukden, has been the extraordinary precision and accuracy of the Japanese military
There has rarely been fought a campaign,
even of a four-months' length, which has seemed to
depend in so slight degree on acoldent or chance.
How little such dependence Is, has been shown by the
steady pursuance of the original campaign plans since
the battleship H»teuse was destroyed by a harbor
mine. Whether a contemplated move of General
Kurokl at the north was really foiled by General Kuropatkln's strategy two weeks ago, or whether the
reported Japanese retreat of that time was merely a
drawing-ln of outposts without a change in general
plans.
not altogether certain. But it is certain, at
any rate, that if the Japanese northward advance was
checked, only a negative advantage was soored by the
Rassian army, and the immediate sequel, the movement of General Oku southward over the peninsula
connecting Port Arthur with the mainland, merely
Introduced what was evidently the pre-arranged next
step of the campaign.
This scientific precision and absolute preparedness
plans,
is
was quoted at the lowest figure reached In almost ten
years, namely \ of one per cent per annum; and at
no time during the month did the rate get above 2£
per cent. Even time money could be obtained at 3^@
4 per cent per annum for periods running from eight
to nine months.
Yet we exported, as already stated,
over $40,000,000 gold. Is any explanation required
any and all contingencies has been discussed by
some foreign critics as an evidence that the Oriental
mind Is discovering new methods and principles In
applying Itself to warfare on the Western plan. This
Is scarcely an obvious conclusion, unless the same critics wish to class General Yon Moltke with the Oriental
It was precisely the characteristics now most
leaders.
discussed, in comment on the Japanese campaign,
which excited the intertst and attention of the world
In Moltke's achievement of 1870. We might go further,
and show not only that the method of mapping out
exaotly a campaign, and providing against all accidents, was the same with the German as with the Japanese commanders, but that in each case a very large
element in the calculation was the known inefficiency of
Precisely to what extent either the Prusthe enemy.
sian troops in 1870 or the
Mikado's army in
1904 would have been able to carry out their
program had they been confronted with an enemy
ready end equipped to meet them on equal terms, is
as to the reason for the large oulfljw?
of course a matter of conjee sure.
tenders.
The
true indication of the movement, how-
ever, is furnished in the
circulation based
amounts afhat on bonds, the
on legal tenders covering notes in
The circulation on bonds in*
process of retirement.
creased during the
month
$9,476,253.
This fnrther increase in circulation furnishes another illustration of the vital defect in our bank currency.
Trade has been slackening, and there was
absolutely no need for further issues of new notes.
Instead the volume afloat ought to have been reduced.
Gall
money on our Stock Exchange
early in the
month
for
The Panama Canal payment doubtless furnished that from one
the occasion for the gold shipments, but are we not deserve larger
It will be observed
point of view the Japanese
commanders
credit than the Prussians,
In that the
the gold through the operation of
our Treasury and bank note systems ? la other
words, do we not see repeated here the familiar
process of an inferior currenoy driving out the better
gold ? Bank notes afloat on bonds increased, we
have seen, $9,476,253 during the month, and oasi in
Sub-Treasuries was at the same time reduced $7,105,-
J apanese plar s for moving troops involved the use of exce3dlngly bad roads, where progress was liable to be totally Impeded by a three days' rain, whereas the Gjrmans opeia'ed over a country with the best and oldest
highways in the world. Oa the other hand, allow-
700, against $311,736,200 April 30.
been spending the past ten years in preparing for the
actually expelling
—
ance naturally will be
made for the
Japan is
fighting this oampaign on exactly the ground where
making
a
692,
total addition of $16,581,945 to the its campaign of 1894 was fought.
Indeed, the comoney supply in these two ways. Considering this incidence of strategy on the two occasions is so strikfaot and cons', d .ring also the diminished inquiry for ing as to provoke a puizled query as to why the
money because of slackening trade and stagnant Stock Russians shonld not have been able to learn something
Exchange markets, it is certainly not surprising that, from a study of the war of 1894. The answer seems
notwithstanding our enormous gold exports, the to be that they did not think it worth their while.
money holdings of cur New York Clearing- House The responsibility of provoking war while not prebanks should have been reduced in only a relatively paring for It is a very heavy one, and It has been
small amount, the aggregate of specie and legal ten- incurred In full measure by the Russian bureaucrats.
ders reported May 28 (last Saturday) being $304,430,The truth is that the Japanese commanders have
fact that
June
4,
THE CHRONICLE.
1904. j
— which we now know they aloDg
deemed inevitable — and in working over, gtep by step,
present
every
contest
move
all
in the expected contest,
element in the Japanese campaign is the fact that,
quite unlike any other similar campaign within our
memory, it has combined its thorough, pre-arranged
and scientific manceuvering with assaults on fortified
a oharacter so
be a matter of considerable doubt whether, even with
three months' forced cessation of hostilities, Russia
meantime making could reinforce her Eastern army
such preparation in the matter of coal, of ammunition and of transports as should render them instantly
This painsavailable when the hour for action came.
taking thoroughness is in large degree the essence of
modern military genius. What is the really novel
positions, of
2305
desperate that
modern
In some respects comparison will he suggested with the Wilderness campaign of General Grant in 1864, which combined,
have
as few campaigns in the past half- century
done, an alternation of careful and strategical
matoeuvers with frontal assaults in force, involving
enormous loss of life. It will be recalled that Grant
was criticised for this heavy sacrifice of men, precisely as General Oku has been criticised for the expenditure of life in last week's assault on Kin- Chow.
We suspect, however, that the defence of the one
warfare gives few parallels.
General is that of the other. If lives are sacrificed
in such an undertaking, without distinct and permanent achievement as a consequence, the sacrifice
But Spottsylvania was not Frederis unpardonable.
icksburg ; the Wilderness campaign was conducted
on the principle that heavy loss of life through which
a speedy end of war oould be achieved'was preferable,
from every point of view, to slow and deliberate campaigning which might save lives in single engagements, but would indefinitely protract the struggle.
The same may be said of General Oka's tactics.
The whole question of the Japanese strategy now
reduces itself to the problem, What will soonest end a
war whose ultimate end hardly seems to be in doubt ?
A month ago we expressed our judgment that the
capture of Port Arthur would portend the ending of
the war, and we have seen no reason since to change
our minds. All the events around General Kuropatkin's army go to indicate that he is able to retain his
present position only so long as the Japanese bef or e him
refrain from a general forward movement. Port Arthur
captured, two things will immediately follow: General
Oku's army moves northward to join General Kuroki,
and a direct railway communication will be opened
from Kuroki's army to the sea, Port Arthur then
being guarded by the Japanese fleet and in quick
communication with Japan.
Again st such a situa
tion it is hard to see how Russia can protract the
struggle.
The only obvious element of doubt has to
do with the vicissitudes of the season*. Traditionally,
July in the alluvial Manchurian plain, where the Russian General now is placed, is the month when rain
falls in such quantity as to render roads impassable.
It has been believed that operations involving trans-
so as still to cope
with the well- trained Japanese forces pouring daily
into Oorea and the lower peninsula.
It must be remembered that each additional hundred thousand
men added
General Kuropatkln's army, at the
Eastern terminus of the Siberian Railroad, adds
enormously to the difficulties of the commissariat.
With Port Arthur once in the hands of the enemy, all
prospect of bringing forward such supplies by other
routes than by the railroad will be ended; while, as
for the much- discussed Baltic fleet, we suspect the
judgment of the naval critics is that Russia's constant discussion of its purposes in that regard is the
surest proof that she has no definite purpose whatever.
Whether Port Arthur falls this month or only at the
end
of
to
summer, there
is
increasing probability that
however reluctantly, the situawhereby her
diplomatic friends in Europe will quietly begin in her
Russia, recognizing,
tion of her armies, will take measures
behalf their suit for peace.
THE DECISION IN
THE
HARLEM
INTEREST-SAVING CASE,
At length we have a
decision on the merits of the
the long continued controversy
concerning the question who was entitled to the sav-
case in the matter of
ing of interest effected in replacing $12,000,000 New
Toik & Harlem Railroad 7 per cent bonds, which fell
May
with new bonds bearing only 3$
per cent interest. The Harlem Railroad was leased
April 1 1873 for 401 years to the New York Central
& Hudson River Railroad Co., and it will be remembered that, as far as lessee and lessor companies are
ooncerned, the point at issue was settled some time
before the bonds matured by a compromise agreement
under which, out of the $420,0C0 saving of interest
per year, $200,000 was accorded to the Harlem and
$220,000 to the Central.
Lessee and lessor had each claimed that it should
have the whole $420,000 a year and the compromise
arrangement seemed fair and equitable and the best
due
1 1900,
way of adjusting the points at issue.
Some of
the Harlem stockholders, however, were unwilling to
yield anything to the Central, and the Continental Insurance Co., as the owner of $220,400 of the stock,
brought an action to have the compromise agreement
By the decision rendered this week by exset aside.
Chief Judge of the Court
of Appeals, Charles
Andrews, who was acting as referee, the attempt has
now
The
di finitely failed.
decision attracts attention
not only by reason of the annual amount of money involved, but also because of certain serious allegations
that had been made In the bill of complaint affecting
the syndicate of bankers
who took the new Harlem
bonds.
wording of the lease made in 1873 had been
suspended during such a period. Whether such con- entirely dear, no dispute or difference of opinion could
dition can be exactly timed or not, and whether or not of course have arisen under it.
As it was, the lanPort Arthur can be reduced by General Oku in season guage was such as to allow either party to the contract
to unite his army with the army of the north befoie to claim for itself the saving in interest to result
the rainy season, are matters of conjecture. If he through refunding. The lease gave to the Harlem
port of large forces and artillery would neoessarily be
cannot,
the
common
t
xpectation
is
that warfare to
If the
Company the
right to pay off the bonds, and
the northward must be virtually suspended until the
availed of this right,
autumn months.
difference In Interest that
if
it
was to get the benefit of any
might arise from the issue
On expectation of such result, much of the confi- of new bonds at a lower rate, the Central being obliged
dence on Russia's side has rested. It will, however, in that contingency to continue to pay over as part of
it
—
THE CHRONICLE.
2306
[Vol. lxxviil
which the bonds were sold was very much below their
standing total of the bonds. On the other hand, if market value and that commissions were allowed to
the Harlem Company failed to pay off the bonds, the the purchasers hundreds of thousands of dollars in
Central was to pay them, and in that case the Central excess of what other responsible bankers would have
was to be called upon to meet only the rate of interest undertaken the contract for, certain directors and
stockholders of the Harlem Company being, It was
which the new bonds might bear.
the rental tne full
It
amount
of 7 per cent
on the out
was obviously to the interest of the Harlem Com-
alleged, associated with the syndicate in the purchase.
The present opinion of the referee is the second one
rendered by him. The first decision was given just
about a year ago (May 1903), but related simply to
proved by the stockholders the next month) author- the motion which had been made to dismiss the Comizing a new issue of bonds at 3£ per cent to take up plaint on the ground that It did not state facts conthe old 7 per cents when they matured May 1 1900. It stituting a cause of action. Two main questions
provide for the payment of the bonds.
To that end action was taken as early as April 1897
by the directors of the company (which action was ap-
pany to
itself
was contended, however, on behalf of the Central that
the Harkm Bailroad could pay off the bonds only in
case it had cash or treasury assets with which to take
them up and in confirmation of this view attention
was directed to one of the paragraphs in the lease
binding the Harlem Bailroad not to issue any additional bonds exoept at the request or upon the demand of the Central. Accordingly, on June 29 1897
the Central Company brought suit to enjoin and restrain the Harlem Company from making or issuing
bonds under the new mortgage except with the consent of the Central Company.
Our own view of the matter at the time was that the
advantage rested with the Central, and we so stated
in an article which appeared in the Issue of the
were presented at that time. First, whether the Harlem Company was by the true construction of the
lease precluded from issuing its bonds except with
own
In his final decision this week upon the pleadings
and proofs (the case[was not reargued), Judge An-
the consent of the Central Company, and, second,
whether the oompromlse agreement entered into
between the boards of directors of the two companies
1900 was entered into under circumstances
which would entitle a stockholder of the Harlem
Company who had not consented thereto to maintain an action to set it aside after having called upon
the Harlem Company, and Its refusal, to Institute an
action for that purpose.
The conclusion then was
strongly in favor of the plaintiff, and It is interesting
to recall some of the language then used based of
course entirely upon the averments of the bill of comChronicle of July 10 1897. About a year subse- plaint because It is in striking contrast with the
quently, however, when the matter was still in the present opinion of the referee, reached after the subcourts, it was thought best to see if an amicable agree- mission of proofs and a full examination of the
In
his
ruling
a
year
ment could not be arrived at. Hence, on June facts.
ago,
the
ref22 1898 the direotors of the Central appointed a eree said (accepting as already said the allecommittee of three of their number, with power to gations of the bill of complaint): "A case Is
negotiate and make a settlement with the Harlem presented which, in my judgment, tends to show that
Company. On June 28 1898, at a meeting of the the interests of the Harlem Company were by the
directors of the Harlem Company, a like committee of agreement deliberately and intentionally subordinated
three was appointed for the same purpose. At a joint to, and disregarded in the interest of, and for the
meeting of the two committees on August 10 1898 benefit of, the Central Company, its stockholders and
resolutions were adopted
approving the execu- bondholders. The case, as presented by the complaint,
tion by the two companies of a supplementary is not one of an honest mistake of judgment on the
contract to the original letse under which $200,000 of part of the board of directors of the Harlem Comthe saving in interest was to go to the Harlem and pany. It is, on the contrary, one In which for selfish
$220,000 to the Central, as already stated.
On Sep- and personal ends, and to subserve the purposes of
tember 28 1898, before the supplementary contract the Central Company, It wielded the corporate powers
had been exeouted, Thomas Hitchcock, a stockholder of the Harlem Company to Its Injury in aid of a hostile
of the Harlem Company, commenced an action in his Interest."
behalf,
and
in
behalf of
similarly situated, to enjoin
all
and
other stockholders
—
—
Hariem
the Cen drews
restrain the
Company and the directors thereof and also
Company from entering into the proposed
foal
in April
con-
tions.
finds himself obliged to rejeot all the allega-
He
says that the evidence fairly interpreted
On
shows that the compromise agreement was the outgrowth of an honest dispute as to the rights of the
tract was executed and the new 3£ per cent bonds respective companies founded on a genuine and reaissued.
sonalle doubt on the part of each company as to its
Continental
Insurance
The
Company, In attacking rights and obligations. He states that the first officthe compromise arrangement, set up the claim that at ial suggestion as to the construction of the lease was
the date of the authorization and approval of the sup- contained In a letter of the President of the Harlem
plementary contract a majority of the direotors of the Company to Its general counsel, and that the latter
Central Company constituted a majority of the di- rendered an elaborate opinion adverse to the right
rectors of the Harlem Company and dominated and claimed by the Harlem Company.
He finds that the
controlled its policy and management. Furthermore, common directors were also common stockholders of
It was alleged that the financial Interests of said both roads, and
what Is particularly significant
controlling and majority directors were much larger that by the compromise they I >st much more as
in the Central Company than in the Harlem Company stockholders of the Harlem than they gained as
and that the compromise agreement was to the manifest stockholders of the Central, with the exception of
disadvantage of the Harlem stockholders, who it was one director, whose gain was comparatively trivial.
maintained were entitled to the whole eavlng of $420,- One of the common directors lost by the compromise
000 a year. It was likewise averred that the price at more than $40,000 a year. Furthermore, the comApril 5 1900 this action of Hitchcock's was
discontinued, and thereupon the supplementary con-
tract.
—
>
j
June
promise agreement was submitted to and approved by
Harlem stockholders.
The referee can find no evidence
the
combination,
Regarding the purchase of the
conspiracy or fraud.
bonds by a syndicate, he says that he is "unable to
trace any causal connection between the two subject?." The contract with the bankers for the sale of
the bonds was
made April
of
14 1897, and the
first
action
compromise was on Jane
Toe transactions were distinct and were
of the directors looking to a
28 1898.
widely separated in point of time. Not only that, but
the evidence establishes that the bonds were sold for
their full market value at the time, and that the com-
Then, also,
the proposition for the purchase of the bonds was
approved by the unanimous vote of the stock repre
sented, including that of the plaintiff. Jadge Anmissions allowed were not
unreasonable.
with abundant means to cultivate as
much cotton as they choose.
In that cord Ition as to funds the planting season
opened. What have been the inducements slnco,
effecting the d sposltlon of pre dicers as to amount of
acreage to be planted ? All through the months while
preparations for the 1904 crop a.id the seeding work
have been under way, the price for the new crop
months in the options markets of the country have
averaged fully 2-£ cents above quotations ruling at the
same period a year ago for the same options. The
effect of these conditions is not far to seek and canSuch a stimulus for large acrenot be uncertain.
age could not exist among men having the land to
cultivate and the money to do it with, and yet not
excite among them an irresistible purpose to gratify
By way of illustration, take the following
the desire.
brief statement of quotations for spot cotton at every
material change in prices during each of the last four
years.
Is it not a graphic object lesson, teaching most
forcibly what we have claimed?
,
COTTON ACREAGE AND CONDITION
JUNE
1
1901
when the 1903 cotton season opened,
Cold, rainy
the conditions were abnormally adverse.
weather during early spring delayed preliminary work,
2307
critical period
drews likewise finds that as far as the interests of the
common directors In the bond purchase were concerned, not one of them was a subscriber to the syndicate cr had any direct interest in the bonds as
purchasers.
Under the circumstances it is not sur1903-04.^
prising that the action has been dismissed with costs.
Cents.
Sept. 1..12 75
appeal
to
course,
right
of
the
Of
the plaintiff has the
Sept. 28.. 11*25
Sept29..13CO
Appellate Division and the Court of Appeals.
Oct 6.. 950
A year ago,
.
THE CHRONICLE.
1904.
4,
,
Deo. 28. .1410
4. .1320
Jan.
Jan.
5. .13-90
Jan.
7. .1310
Feb.
1. .17-25
Feb
16.. 1350
Mar. 9.. 1663
Mar. 22. .1400
Apr.
4. .15-45
May
31. .12-75
1902 03.—
—1901-02.—
Cents
Sept 1.
Sept 3.
Sept 6.
Sept 17.
.
.
.
9 00
Sept
9-12
8-88
Sept.
900
1
.8-62
30 .819
Oct 14
.8-56
Mar.
Mar.
Nov. 6 .7-81
Deo. 23 .8-56
Jan. 6 ..8-25
Mar. 7 .919
Mar. 24 ..8-88
Apr. 4 .919
Apr. 28 .9-88
May 5 .9-50
May
May
May
May
May
Sept. 30.
Oct 3.
Nov. 11.
2.
Jan.
Jan. 12.
8-88
.
.
.
.
894
8-30
900
8-85
3. .10-45
9. . 9-90
Apr. 13. .10-65
20. .1215
31. .11-70
.
1900-01.
7. .9-75
17 .9-37
31 .9-50
.
Cents.
Cents.
Sept 1.. 9*62
Sept. 13. .11-00
Sept 20.. 10-50
Oct
Oct
Nov.
Deo.
Deo.
9. .1100
29.. 9-44
20 .10-25
11.. 9-75
21 1031
15.. 9-88
28-.12-00>
Jan.
Jan.
Feb. 19
Mar. 27.
Apr. 3
Mav 31.
9-25
8
06
8-56
8-25,
and during the seeding and germinating period delayed growth, giving to the start a spotted character,
with stands quite uneven and necessitating much replanting. An additional setback in important sections
of Louisiana, Mississippi, Arkmsas and Alabama was
the inundations covering large portions of best bottom
lands in those States and delaying seeding operations
to so late a date that very little planting could be
done until after the middle of April. Altogether, on
the average we might almost say that there never was
was in 1903, and this backward
feature of the plant continued throughout the entire
so late a start as there
Indeed, taking the cotton States as a whole,
hot, forcing weather came in very brief cycles all
summer long. Writing on the subject of acreage in
1903 we noted that the tendency of the year was to
add to the land put under cotton, notwithstanding
the adverse planting season. We explained that such
a result was only natural, taking into consideration
season.
the statistical situation of the staple and the better
price ruling.
What we
the force of high
prices and the strong statistical position of the staple
leading producers to enlarge the area under cotton,
said a year ago about
applies with
much
greater cogency to the 1904 plant-
The correctness of this conclusion everyone will
admit when one notes that the feature of prices the
ing.
current season of chief
moment
increase of acreage In 1904,
is
in their bearing on
that the prices have
been abnormally high almost continuously since the
marketing of the 1903 crop began, and hence planters
have been materially benefited thereby.
Probably
never have producers of cotton in the South secured
such a profitable return for their labor. Usually high
prices for the staple occur near the close of the crop
season, when all the advantage falls to the speculator.
The result this year is that producers' gains have been
enormous; they consequently find themselves at the
be observed, on consulting the foregoing,
that only for a short period in October last has the
price in New York In the season of 1903-4 ruled below
10 cents; that at the time the matter of acreage was
under consideration the quotation was on the ascending scale; and that, taking the close of May 1904, the
price was 12| cents, or over 1 cents higher than in
1903 and 3i cents higher than at the same time in
May 1902 and 4£ cents higher than in May 1900.
We make these suggestions beoause the investigations we have just completed denote how strong ha?
been the Incentive which has clearly shaped the
Additions to the cotton
planter's course this year.
area have been an almost universal rule, and in many
Reports reach
sections the increase has been radical.
us that in some districts every available foot of soil
that could be so utilized has been put in cotton, territory heretofore devoted to other crops being in
many cases largely encroached upon. Furthermore,
localities in which up to this time the soil has been
considered sufficiently rich without artificial aids have
made use of fertilizers, expecting thereby to obtain
an even better yield per acre. In fact, nothing seems
to have been left undone that would tend to increase
the cotton product. Whether the expansion in acreage and the use of fertilizers have been excessive remains for the future to determine. Big crops, of
course, do not always come in years of great acreage
additions, but it is well not to lose sight of the fact
that the 1904 planting covers an area about 40 per
cent in excess of that from which the Hi million
crop of 1898-99 was secured.
Notwithstanding this large increase in the planting,
following upon important additions in former years,
we do not find in our returns as much complaint
re and
about labor as has often been the cafe
It will
H
there in the reports received
we come
across refer-
;
rp
encea to the scarcity or Inefficiency of labor, but in
only two instanoes
is
any special
stress laid
upon that
goes into the matter very
intelligently and at Bome length describes conditions
as he finds them in South Carolina, Georgia and Ala-
feature.
[Vol. lxxviii.
rHE CHRONICLE.
2308
One correspondent
Texas has hitherto been claimed as the chief theatre
of the weevil's operations.
ter of
that State
From
nearly every quar-
we have received from time
to
time during the past season estimates that the cotton
yield
of that
commonwealth was
certain
to lose,
maintains that not only has there been a compared with the 1902 crop, one million bales, and
reduction in quantity the past few years, but that probably much more, because of the weevil. As early
quality has degenerated, the young colored help of as Ootober last the President of the Texas Cottonthe present being inferior to the old negroes, who are Growers' Association stated that the crop of his State
fast dying off, the youngest avoiding all kinds of work would be cut short in that amount by the pest,
He and a prominent New York operator in Novem(particularly field work) whenever feasible.
further remarks that "In the last three or four years ber, in a widely circulated estimate, placed the Texas
it has become almost impossible to get the farm laborer yield at 2,300,000 bales, and later on intimated that it
bama.
He
work on Saturdays except in rare cases where the would be even less, mainly because of the ravages of
farm is very remote from town. It is also becoming the boll- weevil. So far as one can judge from a
quite impossible to engage farm labor by the $ear, or study of the product of the State, and weighing the
even by the month, because the laborers are then not at various adverse influences which have had a share
to
liberty to take a 'day off'
when they feel like it, whereas
they are engaged by the day they will think nothing of failing to turn up any day in the week that
they happen to want to go on an excursion, a picnic,
If
in
lessening
acreage planted,
the
maximum
yield
on
the
rumors apportioning
to
the
the possible
weevil such a large part of the past season's impair-
ment find little to support them. It is as yet
1903
a society meeting, a funeral ; even a day's loafing is by no means certain that the crop of
than
the
1902
marketed will be less
a sufficient excuse, and no matter how grassy the now being
pleasure."
alone
up
date
have
Galveston
to
await
their
crop.
Receipts
at
must
fields may be the farmer
This undoubtedly expresses without exaggeration been 2,326,000 bales, or nearly a quarter of a million
the labor difficulties many sections east of the Mis- bal«3 greater than during the same period of 1902-03,
No doubt the Southern and the falling off in the movement by rail to New
sissippi have to contend with.
negro of to-day, either from laziness or other cause, Orleans, Mexico, etc., has not been sufficiently large,
It has been proposed notwithstanding the smaller takings by Japan, to
strives to shun the cotton field.
recently that Italians might solve the labor problem. wipe out that excess.
An interesting incident of the year having a bearThe claim is made that farmers from Northern Italy,
the agricultural sections of the country, would be best ing upon the future supply of ootton has been the
From the actual new vigor the high prices have given to the search
suited for the work and climate.
in
Arkansas
it is stated
experience of a large planter
by foreign spinners for some country other than
that the North Italians are industrious and thrifty America for raising a staple as good or better than
and far superior to the negro as growers of cotton, our product.
No considerable progress seems as
It should be remembered that there is a vast differThe British
yet to have been made in this search.
ence between Italians coming from coast towns and Cotton Growers' Association in Great Britain and
Sicily and those from the northern districts.
The somewhat similar organizations in France and Gerformer, coming from the region where the vendetta many are doing all they can to foster the raising of
flourishes, are often turbulent and very undesirable. cotton in their various dependencies.
In sections of
For that reason experiments at some points in South Africa and in other districts in Africa quite
Alabama with Italians sent from New York have not extensive experiments are being made, and the plantbeen encouraging. The farmer Italians on the other ing of cotton in Porto Rico and other West India
hand are peace-loving and industrious, and, being Islands is said to have afforded considerable encourused to a country life at home, are pretty sure to be agement. Australia is claimed to be in part well
satisfied with similar conditions here.
adapted to cotton growing, the staple having been
.
Rumors
Mexican boll-weevil are already successfully raised in various districts.
The
appearance in Texas has been an Islands and some parts of South Amerioa are
of the
Fiji
Its
also
prevalent.
nounced and extravagant conjectures as to the
damage to result this year from its ravages are current.
The loaa to the crop by this pest has never Id
any year, so far as we can ascertain, reached anywhere near the amount the reports have claimed
this season those
who have made experiments
that an intelligent use of Paris green will
exterminate
assert
effectually
Should that prove true, whatever
damage has heretofore resulted would be checked
Furthermore, investigations made by the Bureau of
Plant Industry of the United States Department of
Agriculture has led to the discovery in Guatemala of
a brown ant which is said to be an active enemy of the
it.
boll-weevil.
The result of the investigations is set
ont in a pamphlet issued under date of May 27. Advices from 8an Antonio, Texas, under date of May 31,
are to the effect that a species of ant which does all
that the Department of Agriculture claims for the
Guatemala ant, and even more, has been discovered at
work in the cotton fields of Bexar County.
discussed as promising countries for cotton production.
Bat with
all
tangible has yet been
the experiments made, nothing
accomplished beyond showing
that cotton in small quantities can be raised in the
countries mentioned.
Passing, however, other sources of new supply, It
seems to us quite possible that the Egyptian Soudan,
which lies between the White and the Blue Niles, might
some time become an important producer. If it is a
fact that Amerioa has reached its maximum, except at
a higher average of price than prevailed previous to
he advance of the last two or three years, some such
outcome may be found imperative and feasible. Certainly Egypt produces a superior staple in the Lower
Nile valley, and it is claimed that the delta of the
Soudan, which affords ten times the area for cotton,
and is as productive and capable of growing it as the
lower parts, will not long hence be brought within the
area devoted to cotton raising. One fact at least recent
experience has demonstrated, which is that America's
.
June
4,
THE CHRONICLE.
1904.]
export of cotton at a minimum price cannot keep pace
with the natural growth of the world's spinning
The extieme part of the recent rise In
capacity.
cotton market values has of coarse been speculative,
bat the speculation has been based on the solid ground
that consumption had outdone production. Moreover,
product per acre. The figures of acreage for 189919C0 In the table are from the Census; those for other
years are all our own.
COXTOH ACEEAQE FOB THE TEARS NAMED— (0008 Omitted).
1903-04 1902-03 1901-02 1900-01 1899-00
Virginia
war with Russia, we look
with Japan
for a wide opening of the door In the Far East, and
ultimately in all other countries, to the manufacture*
of the civilized world, and even a more rapid growth
inootton raising and cotton spinning. That is evident-
North Carolina...
South Carolina...
Georgia
trend of industrial affairs to be sure not to be ac
complished In a day but it is, though, the teaching
of events which have occurred the last three years and
Texas
successful In its
—
ly the
—
of others that are
The
now
inclination In the United States
is
on the part of Europe to
of all efforts
When
make light
open up new
to
these
sources of
cotton supply.
noticed,
often done simply to call attention to like
it is
Alabama
Mississippi
Louisiana
Arkansas.
Tennessee
Indian Territory.
Missouri,
efforts are
,
&o
Total acreage
Total production.
Inorease in acreage
Increase in production.
Product per acre,
*
Decrease.
34
32
32
1,118
2,417
1,075
2,324
3,972
1,119
2,371
4,053
4,170
Florida
Oklahoma
transpiring around us.
2309
lbs.
.
318
295
281
3,911
3,348
1,560
8,131
1,964
3,622
3,219
1,530
7,599
1,852
3,734
3,285
1,545
7,834
1,890
732
765
469
59
690
637
397
56
727
580
361
62
28,996
27,300
10,758
6-21% *2-06%
26
31
1,098
2,302
3,903
1,007
2,074
3,516
255
3,522
3,159
1,500
7,403
1,806
3,202
2,898
1,376
6,860
1,642
222
686
508
301
60
623
442
240
47
27,874 26,534
10,701 10,425
24,175
9,440
0-53%
192
5-05% 9-76% 4-31%
2-65% 1043% *15'98%
189
186
193
put forth during our Civil War, and their absoSecond. With regard to maturity, cultivation and
lute failure. So the prediction Is that any work for the
condition, the conclusions we reach are as follows :
like purpose in the same direction must eventuate
(1) In maturity, there Is no question that the crop
in like manner that is, without success. It should be
at this time would be called a late one, but preadded, however, that success never attended any effort
sumably more advanced than a year ago, though
that was not followed by failure first.
appreciably backward compared with an average or
Conclusions.
normal season. Low temperature early In the season
From the details by States given on subsequent pages delayed planting over muoh of the area, and a similar
we sum up our conclusions briefly as follows:
condition, coupled with lack of moisture, hindered
First. Acreag$, as stated above, has materially in- germination
quite generally.
The situation as recreased.
The reasons for the increase are set forth gards rainfall took a favorable turn in most sections
above and do not require repetition here. Suffice it around the middle of May, but complaints of cool
to say that any other result, in view of the high prices nights continued,
and lack of rainfall was an adverse
ruling during planting time and the restricted supply
complaint in some districts until about the close of the
Additions to month. Latterly the weather has been quite favoraof cotton, would have been surprising.
area have been almost universal, comparatively few ble
for satisfactory development, and our latest teledistricts failing to share in them; and in many Ingraphic reports" denote the plant Is doing well, previous
stances soil heretofore used for other crops has been
adverse influences having merely served to hold It in
given to cotton. The most important percentages of check.
excess are In Oklahoma 55 per cent, Indian Terri
(2) Cultivation, so far as we can learn, has been
tory 95 per cent and Tennessee 15 per cent. Exactfavored by the weather, with the result that fields
ness is not claimed for the percentages in this table;
generally are in a fairly good condition.
In our introbut we have good reason for the belief that they are ductory remarks
we intimated that the use of fertilizapproximately correct. At the same time our aim ers
had been largely increased. This fact is evident
has been to make them an underestimate rather than
in all reports from sections where artificial aids to
an overestimate. The changes as we have made them fruitfulness
have heretofore been used, and in a numup for each State are shown in the appended statement: ber of districts where fertilizers had been considered
unnecessary they have been utilized this year. In
Estimated for 1904.
efforts
—
—
—
Acreage,
1903.
States.
North Carolina
South Carolina...
Georgia
Florida
Alabama
Mississippi
Louisiana.....
Texas
ATfeftnsaR
Tennessee
Missouri
Total
„
Increase.
34,264 8 per cent.
1,117,814 11 per oent
2,416,826 10 per cent.
4,170,211 9 per cent.
318,21(
3 percent.
3,911,412 11 percent.
3,348,15f 10 per oent.
l,560,25i 11 per oent.
8,130,64£ 12 percent
1,963,687 7 per cent.
731,663 15 percent.
765,004 25 per cent.
468.61S 55 percent
59,02b 12 per cent.
28.995.78t 11-62 per
ot.
Decrease.
Acres,
1904.
37,005
1,240,774
2,658,509
4,545, *30
327,756
4,341,667
3,682,971
1,731,880
9,106,326
2,101,145
841,412
956,255
726,349
ee.in
32.363,690
This compilation shows that there is a net increase
compared with 1903 of 1162 per cent, the total acreage reaching 32,363,690 acres in 1904, against 28,995,786 acres In 1903. We add the acreage for previous
years for comparison, giving at the foot of the table
not only the aoreage but the total crop for each year,
with the percentage of Increase or decrease in area or
production compared with the previous year, and the
the Garolinas and Georgia, particularly, a
crease in takings of commercial varieties
and the same
is
true of
Alabama and
marked
is
in-
reported,
Mississippi.
The
expected to be a material gain in
product per acre. But whether such will be the case
is primarily a matter of future weather conditions.
(3) Condition of the plant was on June 1 more
promising than in 1903, although not in maturity up
to the highest state of growth at the same date.
Stands, however, are now good, with moderate exceptions.
The plant as a rule is well rooted, and apparently healthy.
With fairly [favoring seasons the
outlook is for a satisfactory yield on the area planted;
Jane weather will, however, be watched closely, as
conditions in that month will go far to develop or
limit the possibilities of the plant.
Our summaries by States are as follows:
Virginia. The planting of cotton was delayed by low
temperature, but work was about completed around the
middle of May. In consequence of dry and continued cool
weather, seed on the whole came up rather slowly and a conresult
of this
is
—
siderable percentage of the limited cotton area of the State
THE CHRONICLE.
2310
[
\
r
OL. LXXVI1I.
had to be replanted. Good rains in mid-May brought about many localities, and to those adverse conditions is ascribed
a material improvement in condition, more seasonable tem- the necessity for an unusual amount of replanting. A very
perature assisting, with the result that stands now are well-informed correspondent remarks upon the scarcity of
small but otherwise are reported fairly good. Fields, so far
as the plant has been established, are clear of weeds and
grass.
Acreage has been increased fully 8 per cent, and
commercial fertiliztr takings have been greater in about the
same
ratio.
North Carolina. — In
the opinion of some of our bestinformed correspondents the early season in North Carolina
was remarkably favorable for preliminary farm work, permit. ing better preparation of the soil than usual. But during planting time weather conditions were continuously
cool pretty much everywhere and too dry over considerable
sections— delaying work so that there was no appreciable dif.
f erence between this and last 3 ear in the period of seeding—
April 10 to about the middle of May. For the same reason
germination was slow, although some of our returns indicate
that seed came up well to very well; others, however, indicate a slow, backward start. The same is reported of replanting, there being little or none in a number of districts,
but considerable over a fair part of the area, and altogether
somewhat more than a year ago. More satisfactory develop-
ment followed the fall of needed moisture subsequent to
May 15, but cool nights continued to be a cause for checking
growth
until
some days
later.
Latterly, however, conditions
have been about as desired, and the plant
is
doing well.
Stands, while less advanced than in an average y6ar, are now
Cultivation
fair to good, and in a few instances very good.
Acrtage- From every section we
has been attended to.
have reports of increased area, and in some it is given at as
high as twenty per cent, which is rather surprising in the
older cotton districts. But it is explained by the abandonment of tobacco culture in favor of cotton. We do not feel
warranted, after due consideration, in placing the gain for
Fertilizers have been
the State at less than 11 per cent.
much more freely used than ever before, takings at many
points having increased over last year 20 to 25 per cent.
South Carolina. There was little or no difference between the planting season this year and last. Cold weather
retarded work at first, and later on lack of moisture was an
adverse condition. Work was begun toward the close of
—
March and completed from May 10 to 15. Germination was
slow quite generally on account of low temperature (especially at night) and dry weather, and seed came up irregularly.
On this point there is considerable divergence of
opinion, some stating that first plantings started poorly and
seed put into the ground late came up well, while others report directly the reverse. There is, however, little dissent
from the idea that the adverse meteorological conditions referred to above checked development materially during
April and early May, and gave occasion for a moderate
amount of replanting. A change for the better in the
weather was a feature of late May, and this is working a
rapid and very satisfactory improvement in the crop. 8tands
range from fair to very good, and, while not so well advanced
as at this date in an average year, they are a little better and
more forward than a year ago. No difficulty has been experienced in giviDg fields all necessary cultivation. Acreage
—Here, as in others of
the older cotton States,
we
find
evi-
dence of a tendency to give all possible area to the staple
without too severely interfering with other crops. Additions are reported from almost all quarters, and in instances
they run as high as 25 and 30 per cent. The net gain, as we
see it, has been at least 10 per cent. Fertilizers have been
largely used to augment productiveness. The use of commercial sorts has generally increased; some points, with but
a moderate addition to area, reporting takings fully 25 per
cent greater than a year ago.
Georgia.— From the returns at hand it would appear that
the planting season in Georgia, although a little earlier than in
1903, was later than in a normal year. Starting in extreme
southern districts March 1, it became general April 1 and
was finished from April 25 to May 10, acoording to locality.
Low temperature not only hindered operations, but its continuance, coupled with lack of moisture, checked germination materially. In fact, seed came up very slow and irregularly as a rule, a few favored sections reporting an almost
perfect stait, while elsewhere it ranged from poor to fairAll through April and up to near the close of May cold and
dry weather was a cause of almost constant complaint from
labor as a serious question to cotton planters in the South
Atlantic States, especially as regards the making of the crop.
He
further states, however, that all cotton that can be
grown
always be picked if price is satisfactory, because a lot of
small children and many negro women can or will pick who
cannot or will not handle the hoe or help with the making in
any way. During the final days of May weather conditions
were of a nature to produce- improvement in the crop,
so that stands, while smaller than in an average year,
will
are
now
The fields are quite clear of
Acreage. — The same cause which has
as a rule fair to good.
foreign vegetation.
induced a material increase in- area elsewhere has been operative in Georgia. In a few districts little or no change
has been made, but a large majority of our returns cover additions running as high as 20 per cent. On the average the
gain has been about 9 per cent. Fertilizers.— All of our replies indicate that there has been a marked expansion in
the use of fertilizers the current season. No special increase
amount of home-made manures availed of is noted,
but of commercial varieties the takings are much larger than
a year ago, and, in many cases, of higher grade.
Florida.— In some sections of Florida planting began a little earlier than in 1903, but cold and dry weather hindered
operations to such an extent that it was not completed until
the middle of May, or nearly a week later than last year.
First plantings, which include cotton over most of the area,
came up quite well, but late plantings germinated slowly on
account of lack of moisture, and got a rather poor start.
Much replanting has been required. Deficiency of moisture
was quite marked during April and May and development
was much retarded. Stands are hardly up to the average,
but fields are clear of weeds and grass. Acreage has been
increased by about 3 per cent. Fertilizers have never been
used to any important extent, but this year we find evidence
of an inclination to take more largely of the commercial
in the
sorts.
—
Alabama. A cold and backward spring somewhat hindered preliminary farm operations, so that the planting
season was a little later than in an average year. In other
words, while in earliest sections some work was in progress
in the first week of March, seeding did not become genera
until near the close of that month.and was not finally completed before about the middle of May. Germination was slow
as a result of low temperature and lack of sufficient moisture
in April, giving the plant a rather irregular start, although
in some sections seed came up well to fairly well. A favorable turn in temperature came in the early days of May, but
complaints of insufficient rainfall continued from many
points until near the 25th, since which date the conditions in
the main have been more favorable. The unsatisfactory early
conditions were re sponsible for an amc unt of replanting somewhat in excess of a year ago. Latest advices by telegraph report good rains and the general situation greatly benefited.
The itand secured, while irregular at first, has improved rapidly of late, and now averages good, a few localities reporting
it as better than in many years. Dry weather enabled farmers
to carry on cultivation early without hindrance and they
have been able to keep well up since rains began. Acreage.
No uncertainty attaches to our returns on area, so far at
least as tendency is concerned.
With but one exception,
correspondents report additions ranging from 1 to 25 per
cent, a fair average of which would seem to be about 11 per
cent. Fertilizer.'. A considerable increase in the takings
of commercial fertilizers is to be noted.
The current spring in Mississippi has been
Mississippi.
characterized by almost entire freedom from overflow an
incident which has tended in many other seasons to unduly
prolong the work of getting the crop into the ground. At
the same time rather cool weather served to hinder
operations, although the delay caused thereby was less important than that caused by last year's floods. As early as
March 1 some seed was planted; work became active about
April 1 and was quite generally completed toward the close
of ihe month, a few sections, however, not finishing up
until May 10.
Low temperature, and in some degree
droughty conditions, delayed germination, but in the main
seed came up fairly well. Continuous cool weather was
a feature of the month of April, but with May an im-
—
—
—
—
June
4,
THE CHRONICLE.
1904. j
2311
—The weather conditions which
provement in that respect was noticeable, which, with seaReplanting was
sonable rains, greatly benefited cotton.
than
last season. Stand.",
necessary to a less extensive extent
although a little behind an average year in point of advancement, are reported good to very good, with cultivation
well attended to. One correspondent in Southeastern Mississippi remarks in passing that in his vicinity crops were never
more promising. The weatlier is now all that could be desired and a continuation of fairly favorable seasons should
insure a good yield. Acreage has appreciably increased.
From all sections come reports of additions, the range being
from 5 to 30 per cent. An average for the State of 10 per
cent would seem to be fully warranted. Fertilizers have never
been extensively used heretofore, but there appears to
be a marked increase in the use of commercial sorts this
prevailed during the early spring served to retard farm operations. From
about the middle of March until the close of April there was
an unusual amount of wet weather over much of the State
and frosts were also complained of. Under the circumstances it is not surprising that the planting season was later
than normal. At the same time there was no overflow
worthy of mention, so that seed was all in the ground some-
year.
for rapid growth, but soil having been well prepared, the
plant continued healthy. Since early in May the distribution
of moisture has been very satisfactory and there has been
titands, while somelittle in the temperature to complain of.
what irregular, range from fairly good to good, and are improving steadily. Except where recent rains have put fields in
the grass, cultivation has been well attended to. Acreage.
There has been a general disposition to enlarge the area de-
—
Louisiana. While cold weather interfered somewhat with
work in the early spring, the absence of overflow this year
removed one of the important adverse features of many
former seasons. As a result, planting, which began March 1
at some points and was actively in progress almost everywhere by the loth, was finished on the average about May
In the returns
10, or two weeks in advance of a year ago.
at hand there is much divergence of opinion as to germination, but while some state that seed came up poorly, the
majority say fairly well to very well, Cool weather was
complained of in April and to some extent in May, which
served to retard development as well as render neceseary
more than a normal amount of replanting.other contributing
causes having been heavy washing rains and hail in a few
districts.
Recent conditions, especially since about May 15,
have fostered favorable development of the plant, improving
the prospect materia' ly. Stands are good on the average
and cotton looks strong and healthy, being well cultivated.
Acreage.—The tendency toward increased area is very apparent in Louisiana. In fact, from some extreme southern
sections we aie informed of additions as great as 30 per cent.
A careful analysis of the returns leads us to place the gain
for the State at 11 per cent. Fertilizers have never claimed
more than passing attention in Louisiana, but this year a
disposition to make greater use of commercial sorts is noted
in most of our advices.
Texas. Farming operations in the early spring were hindered by adverse weather conditions, as was the case in
1903, but the interference was, however, not so serious as
then. Absence of moisture in the soil made it somewhat
difficult to work in many sections, and even after this
hindrance had to some extent been removed, low temperature
acted as a deterring influence. In the earlier sections of the
State seeding was started during the fore part of March, but
planting did not become active generally until April, and
was finished as a rule shortly after May 1, or fully a week
On the whole seed came up fairly
earlier than in 1903.
well, but some of that which was then up was killed by the
frost of mid April and had to be replanted.
Dry weather in
April and, later, heavy rain and hail in a few districts were
also responsible for some replanting, but much less in the
aggregate than last year. The weather since growth really
began has been very variable. Lack of moisture was the
first cause for complaint, and then low temperature at night.
Since the beginning of May rain has been in most sections
about as desired, but up to near the middle of the month
reports of slow germination and growth due to cold
nights continued to come to
hand.
Latterly, how.
ever, all conditions seem to have favored satisfactory
development, and on June 1 the crop was doing fairly
well.
Standi, although somewhat irregular at first,
have improved rapidly, and now are generally reported good
to very good (some the best ever secured) with fields clean
and well cultivated. Acreage naturally has been increased
as a result of the highly profitable character of late seasons.
Much new land has been brought under cultivation, and in
older sections every effort seems to have been made to get in
all the cotton possible.
With but rare exceptions increases
are reported to us, and from many districts they are radically large— 25 and 30 per cent. A careful consideration of
the returns leads us to adopt 12 per cent as a conservative
measure of this year's addition to the cotton area of the
State.
Fertilizers have never played an important part in
the agriculture of the State, but this year a fair amount Of
commercial sorts has been utilized.
—
,
Arkansas.
what earlier than in 1903, when floods delayed the work.
About all early-planted cotton was slow in germinating on account of continued cool weather, the seed lying dormant but
not rotting. Late plantings met more favorable weather, so
that they came up at about the same time as the early seed.
On the whole the start was irregular. Temperature for a
time after growth began was too low, particularly at night,
—
voted to cotton, but more conservatism seems to have been
displayed here than in some of the older States. In fact, we
do not feel justified in making the average for the State
over 7 per cent. Fertilizers are little used, but in some
been more freely
sections commercial varieties have
taken.
Tennessee.— Our advices do not indicate any material difference between the time of planting this year and in 1903.
In both seasons work was interfered with by the same cause
—low temperature. Planting did begin a little earlier than
last year, but finished no earlier than then, or about May
20.
Germination naturally was slow but seed came up better, according to our returns, than in many of the States
already reviewed, late planting getting the most satisfactory
start.
No important amount of replanting has been necessary in fact less than a year ago. Since growth began
rainfall has been about as desired, but there has been almost
continuous complaints of low temperature until within the
last two weeks.
It does not seem, however, that the plant
suffered particularly, except in the matt* r of retarded development. More seasonable conditions subsequent to May
20 have improved the prospect, but the continuation of
favorable weather is an essential in assuring a satisfactory
yield. Stands on the whole are good, the crop is clean and
well cultivated and our latest telegraphic advices report the
outlook as favorable. Acreage.— In the matter of area we
—
more radical tendency in Tennessee than in almost any
other State. Some localities report additions of fu'ly fifty
per cent, other crops being neglected in favor of cotton,
while gains ranging from fifteen to twenty- five per cent are
find a
quite
common. After
deem an
carefully scrutinizing the returns,
increase of fifteen per cent a low
we
estimate for the
State as a whole. Fertilizers.— Although comprised within
the older cotton territory of the country, the use of fertilizers has never
been extensive here.
Last year
we noted an
increase in the takings of commercial sorts and a further
augmentation is a feature of 1904.
Indian Territory.— Crop preparations and the actual
work of planting, although delayed by adverse conditions of
weather, were somewhat in advance of a year ago. The putting in of seed was accomplished generally between April
15 and the middle of May.
Low temperature and excess of
moisture retarded germination quite materially, but seed
came up fairly well to well, including replantings, of which
there was a considerable amount in some sections. Since
growth began there has been much con plaint of low temperature at night, continuing well into May. This has of
coarse served to check development. Moisture, however,
has on the whole been about as desired. Latest telegraphic
advices denote that weather conditions during late May
were of a satisfactory character, turning a somewhat
dubious outlook into one of considerable promise. Stands
have latterly improved materially and now average good,
and cultivation has been kept well in hand. Acreage.
Contrary to expectations, some of our correspondents report
a decrease in cotton area this year, but other returns cover
very heavy gains, amounting in a few districts to a doubling
of the 1903 planting. On the average there has been an in-
—
THE CHRONICLE.
2312
crease of certainly not less than 25 per cent in the Territory
as a whole. Fertilizers are not used.
Oklahoma..— Beginning about the middle of April, planting
was completed a month
later,
or
May
Cold and dry
15.
weather militated against rapid germination of early sowiog,
and later plantings were also held in check by continued low
temperature, especially at night. Seed came up well, however, and no gre^t amount of replanting was required. General rains which came just prior to the middle of May were
of much benefit, and since that time complaints have ceased
so far as moisture is concerned. But higher temperature,
which was needed to assist in satisfactorily developing the
plant, did not come until May 20. Recent progress has been
very favorable, and the present outlook is for a good yield.
Stands are below the average in size but are reported quite
good generally, and in some instances perfect, and fields are
The winter
in an excellent state of cultivation. Acreage.
"drought, which damaged wheat, had much to do with increasing cotton area in Oklahoma, many fields already put
in wheat being plowed up. Altogether, the additions to
area have been phenomenal, about every county in the
northern half of the territory practically doubling upon
last year, and the same is true of some southern counties.
It therefore seems within bounds to place the average gain
—
Fertilizers are not required.
at 55 per cent.
Missouri.
—This State, with
its
more from adverse weather conditions during the time of
land preparation and planting than any others. Rains were
almost constant for two months and heavy floods occurred
about the middle of April and first of May, overflowing much
bottom land. In consequence work was greatly delayed,
planting which began April 15 not finishing until near the
close of May. Some of the seed, therefore, is only just now
germinating; but where seed has cone up a fairly satisfactory start is reported. Low temperature, as well as excessive rains, necessitated some replanting. The plant is
doing quite well now where up, being best in sandy soils,
stands averaging good. Acreage has been added to generally, and for the State we figure an increase of 12 per cent.
Fertilizers.
small increase in the use of home made
manures is reported. Commercial varieties are entirely
neglected.
—A
ITEMS ABOUT BANKS, BANKERS AND TRUST COS.
—The public
bank stocks this week aggregate 186
shares of which 155 shares were sold at the Stock Exchange
and 81 shares at auction. No trust company stocks have been
sales of
sold.
The first public sale of stock of the new Citizens
Central National Bank was made at the Stock Exchange on
Thursday at 147. The laet sales of stock of the Central
National and National Citizens' banks (which were consolidated under the name Citizens Central National Bank) were
January for the former and 180 in March for the
named.
at 175 in
l
ast
MkartM.
Banks— New fork.
Price.
*20 Citizens O- ntral Nat. Bank. ..
147
Laet previous
260^-261
Bank
Bank
of..
tale.
First sale.
.
*30 OttyBanfe, National
*115 Commerce, National
31 Mechanics' National
208!2-210
249i«
elected Treasurer, Mr. Edward T. Perine resigning. Mr.
William C. Ivison was appointed Assistant Treasurer. Mr.
Rasmus has been connected with this institution for the past
seven years.
—Mr.
Leo Schlesinger, President of the Mechanics' &
Bank of this city, was appointed temporary receiver
of the Federal Bank, also of this city, on Wednesday. The Federal has been closed since April 14, and the former President, David Rothschild, was last week sentenced to imprisonment in Sing Sing. It is stated that an investigation by
8tate Bank Examiner A. C. Judson showed that on April 5
the assets were $346,775 and the liabilities $746,237, a defioit
of $309,462. A motion to make the receivership permanent
will be heard on Monday.
Traders'
—At
the meeting held in this city last Friday to perfect
the organization of the Trust Companies' Association of the
State of New York, fifty out of eighty companies were repre-
In the articles of association adopted, it is stated
that the organization is the outgrowth of a desire "to form
an association to promote the interests and general welfare
of the trust companies in the State of New York, by affordsented.
ing,
through meetings of the association and otherwise, op-
portunities for the discussion and consideration of questions
affecting trust companies, and by furthering personal ac-
quaintance
limited cotton area, suffered
May 1904— 260ifl
May 1904- 210
May 1904— 250
[Vol. lxxviii.
among
the officers of
its
members."
Any
trust
may become
a member upon payment
of suoh admission fee and annual dues as shall be required
by the rules. These dues vary according to the size of the
companies; members having a capital and surplus of $500,0C0 or less are required to pay annually $25; those having a
capital and surplus in excess of $500,000, but not more than
$2,000,000, are to pay $50 yearly those with capital and surplus of over $2,000,000, but no more than $5,000,000, will pay
annually $75, and the annual dues of those with capital and
surplus exceeding $5,000,000 will be $100. The annual meeting of the association will be held in the fall of each year.
Mr. George W. Young, President of the United States
Mortgage
Trust Company of this city, has been elected
President of the Association.
There are three Vice-Presidents, namely, Mr. Otto T. Bannard, President of the New
York Security & Trust Company of this city, Theodore F.
Miller, President of the Brooklyn Trust Company, and
Grange Sard, President of the Union Trust Company of
Albany. The Executive Committee is as follows: Mr. Le^i
P. Morton, President of the Morton Trust Company of this
city; Frederic P. Olcott, President of the Central Trust
Company of this oity; John E. Borne, President of the
Colonial Trust Company of this city; Henry C. Deming,
President of the Mercantile Trust Company of this oity;
George H. Southard, President of the Franklin Trust Company of Brooklyn; Julian D. Fairchild, President of the
Kings County Trust Company of Brooklyn; William Nottingham, Vice-President of the Syracuse Trust Company of
Syracuse; Seymour Van Santvoord, President of the Security
Trust Company of Troy; and E. O. McNair, President of the
Commonwealth Trnst Company of Buffalo.
company
in the State
;
&
—The
latest addition
to the forces of the National City
Bank of this city is Mr. Edward S. Layman of Chicago. Mr.
•Sold at the Btnck Exohange.
§ Of this amount 105 shares were
Layman will be the Assistant Manager of the National City's
•old at the Btoofc Exchange.
foreign exchange department. He was formerly Assistant
—The new Cleaiing-House requirement by which a cash reCashier and Manager of the foreign exchange department of
serve equal to 10 per cent of the deposits must be maintained
the Illinois Trust & Savings Bank. Mr. Layman is thor-
by all trust companies enjoying Clearlng-House privileges
went into effect on Wednejday. No additional companies,
either in this city or Brooklyn, beyona those already mentioned In the Chronicle, have severed their connection with
the association. In New York there are but two trust companies which still continue to clear through members of the
Clearing House— the Knickerbocker and the Manhattan. In
Brooklyn all the companies retain their connection with
the association, only two— the Franklin Trust and the Manufacturers' Branch of the Title Guarantee & Trust— having
withdrawn. The Mechanics' Trust Company of Bayonne is
oughly equipped for his new post, having had a long and
varied experience and training in the foreign exohange business in the West.
—The appointment
is
announced of Mr. Edward T. Perine
Manager and Treasurer of the Audit Company of
New York, to succeed the late Thomas L, Greene. Mr. Perine
commenoed his business career with the Third National Bank
of Jersey City in 1889. Io. 1893 he was appointed Cashier of
the United States Mortgage & Trust Company, and later
became Secretary and Treasurer of the Audit Company of
the only other trust company to continue Clearing -House New York when it was first formed in 1897. In 1902 h e
returned to the United States Mortgage & Trust Comrelations.
pany as Comptroller, and in 1903 was made Treasurer*
—It is reported that a membership in the New York Stock
from which position he resigned to accept the more im.
Exchange was transferred on Thursday of this week for a
portant one with the Audit Company. Mr. George W.
consideration of $58,000.
Young, President of the U. 8. Mortgage & Trust Com—Mr. Carl G. Rasmus, Assistant Treasurer of the United pany, has at the same time been made an additional Vice-
Stales Mortgage
&
Tittst
Company
of this city, has been
as General
President of the Audit Co.
Juke
4.
THE CHRONICLE.
1904.]
— It
has been decided to hold the present year's convention of the New York State Banters' Association at
the Cbamplain Hotel, Bluff Point, N. Y., on Thursday
and Friday, July 14 and 15. Visits will be made by the
attending bankers to An Sable Chasm, Lake Placid and Montreal, and a sail on Lake Champlain has also been planned.
The O'Neill bill, which provides that four instead of two reports each year shall be made by trust companies in the State,
was unanimously indorsed at a recent meeting of the Council of Administration of the Association.
—The
election
of
officers
of
the
Richmond Borongh
these columns March
National Bank, which, as mentioned in
succeeds the defunct Bank of Staten Island, took place on
the 27th ult. Mr. Josiah W. Place was chosen President;
C. F. Wlgand and Frederick A. Verdon, Vice-Presidents, and
S. C. Brinsmaid, Cashier.
26,
—The Governing Committee of the New York
change on May 26 suspended for five years Mr,
Stock ExI.
B.
New-
oombe, the former board member of the firm of Stewart
Browne &
Co., recently dissolved. Mr. Newcombe was
charged with violating sections of the constitution of the
Exchange prohibiting splitting commissions, etc. He had
previously been suspended from the Exchange for one year in
1898 90.
—Formal approval
Bank
of the consolidation of the National
Redemption and the First National Bank, both of
Boston, was given by the stockholders of the first-named
Institution on Tuesday of this week. The terms of the con
solidation were stated in our issue of April 30. The National
Bank of Redemption will be taken over by the First National,
for which purpose the latter will increase its capital from
of
$1,000,000 to $2,000,000, issuing the 10,000 shares at $200 each
The consolidation and increase
the stockholders of the First
Wednesday, the lstinst.
in capital
was
ratified
by
National at a meeting on
—The final step in the absorption of the Colonial National
Bank of Boston by the Commonwealth Trust Company of
that city was taken on the 28th ult,, when the stockholders
of the bank authorized its voluntary liquidation. The ab-
tor of the
2313
German- American Savings
—In a reoent
we
Trust, has
become
Rea had
been elected to the boards of the People's Savings Bank and
the Safe Deposit & Trust Company of Pittsburgh. This was
an error. It was Mr. William Rea's son, Henry R. Rea, who
has become a member of the boards of the two institutions.
— Formal announcement of the proposed consolidation of
the Euclid-Park National Bank and the State National Bank
issue
stated that Mr. William
made, and a meeting of the stockholdtwo banks to authorize the merger will be held on
the 80th inst. The State National, which has a capital of
of Cleveland has been
ers of the
$500,000, according to the present arrangement is to be absorbed by the Euclid-Park, the latter increasing its capital
from $1,500,000 to $1,800,000 for the purpose, and its board of
directors from twenty-two to thirty-one members. The conmillions to the deposits of the Euclidsolidation will add 2;
Park, giving it over $14,000,000 deposits. Only recently this
bank absorbed the Bankers' National. Plans to consolidate
the State National with the Colonial National of Cleveland
were under way a year ago but never matured. The Colonial
has since been absorbed by the Union National. Upon the
completion of the present oonsolidation six banks will be
embraced in the Euclid- Park. The American Exchange National, whioh took over the Metropolitan National in 1902,
early the following year consolidated with the Park National; the Park and the Euclid National then united, this
being consummated in July 1903; then came the absorption
of the Bankers' National this year, and now the merger with
the State.
;
(
—The Akron Savings Bank of Akron, Ohio, is to be reor*
ganized under the name of the Ohio Savings Bank Company.
As reported in these columns April 9, the old institution
closed its doors on April 5, but was at once reopened under
the charge of the receivers. All its depositors, it is declared,
will be paid in full. The new bank has been inoorporated
with a capital of $100,000, and will commence in a few
weeks.
— It
is
now announced
of the Third National
sorption occurred on April 28.
&
President of the Provident Trust.
that there will be no consolidation
and the National Lafayette banks of
—Douglas M. Smith, the paying-teller of the National Cincinnati and the two will continue to operate separately.
As reported in these oolumns last week, the proposition
Tradesmen's Bank of New Haven, Conn., was arrested this
which was disoussed over a year ago was again recently
week, charged with embezzling a large amount of the bank's
under consideration.
funds. The latest announcement states that the shortage is
—Early in July the Jackson Trust & Savings Bank o'
slightly in excess of $50,000. This sum, according to Presiwill remove to new quarters on the ground floor of
Chicago
dent Fields, has been charged off the bank's surplus account,
the
Railway
Exchange Building. The institution has secured
leaving a net surplus of over $250,000, which will be increased by $15,000 when the defaulting olerk's indemnity a large space on the Jackson Boulevard front, which will be
fitted up with every modern banking convenience, including
bond is paid.
—A
exchange department has recently
opened by the Girard National Bank of Philadelphia.
foreign
—The annual meeting of
been
in the
the Maryland Trust
Company
of
Baltimore (which has been in receiver's hands since October
19 last) was held on Thursday, May 26. The meeting had
been adjourned several times and was originally to have
taken place on January 19. Twenty-four directors to serve
until next January were elected, nine of whom replace a
similar number of the old directors. In a resolution adopted
it was decided to continue until January 1905 the committee
of five, consisting of Messrs. John E. Williams, John Redwood, J. Stuart MacDonald, John W. Lowe and Henry C.
MoComas, appointed by the stockholders to investigate the
affairs of the company. The election of officers occurred this
week (Thursday), when the following were chosen: President, Mr. Joshua Levering; Third Vice-President, Allan
McLane; Secretary and Treasurer, Louis S. Zimmerman.
— Mr. James Gulian Wilson, of the Baltimore banking firm
& Co., died on the 1st inst. Mr.
78 years of age, was one of the founders of
the firm, which was organized shortly after the Civil War.
Mr. Wilson bad formerly been a member of the Baltimore
Stock Exchange, but disposed of his seat a few years ago on
account of failing health.
of Messrs. Wilson, Colston
Wilson,
who was
—A controlling interest
in the Provident Trust Company
reported to have been secured by interests
identified with the German-American Savings
Trust Company of Pittsburgh. The Provident Trust opened in the
spring of 1902. It has a capital of $150,000 and surplus and
of Allegheny
is
&
profits of
about $41,000.
extensive deposit vaults in the basement.
Mr. Charles F. Kirschler, a direc-
It is
reported that
several prominent railroad officials having their headquarters
Exchange Building
will acquire
dominant
interests in
this bank.
—The
Century National Bank is the title of a new Milapproved by the Comptroller on the 26th
ult.
Those prominent in the venture are Messrs. W. D.
Gray, J. S. Churoh. A. F. John, Frank Armitage and R. W.
waukee
institution
Roberts.
—Mr. John
National
Bank
Vice-President of the Marine
of Milwaukee, Wis., died on the 1st inst. in
Johnston,
a
nis sixty-sixth year.
—The Wisconsin Bankers' Association will meet in convention on August 23 and 24 at La Crosse.
—The First National Bank of Marinette, Wis., is distributing as an advertisement a desk pad composed of three blotters
and an upper piece
of celluloid, all held together with a
A photograph of
"Qaeen Marinette" and her home
appear on the celluloid sheet. The officers of the institution
are: Mr. Francis A. Brown, President; John F. Hancock,
Vice-President; Warren J. Davis, Cashier, and Arthur B.
button.
Toan, Assistant Cashier.
—The
Michigan
Bankers' Association will hold its
not later than the 10th of July.
While Detroit is to be the place of assembling, the meeting proper will be held aboard the steamer "Tinoesta,"
which is to be chartered for a week's trip. The officers of
the association are: President, Mr. William Livingstone, President of the Dime Savings Bank, Detroit; Vice-Presidents,
Orrin Bump of Bay City, and Scott Field, Vice President and
annual
convention
..
.
THE CHRONICLE.
2314
Cashier of the Merchants' Savings Bank of Battle Crtek;
Secretary, Fred. E. Farnsworth of the Union National Banfe,
Detroit, and Treasurer, H. V. C. Hirt, Cashier of the Lenawee County Savings Bank of Adrian.
Vol. lxxyiii.
lees than $325 per share. The new shares are part of an usue
authorized by the stockholders on September 23 last, and will
increase the outstanding capital from $330,000 to $500,000.
The authorized capital is £1,000,000.
—The Hamboldt Savings & Loan Society of San Francisoo
—The Union Trust Company of Detroit, as receiver, will
pay another dividend to the depositors of the City Savings has made application to have its name changed to the HumBank of Detroit on July 1. The commercial creditors have boldt Savings Bank. The petition will be heard in the Supealready received a dividend of 12}£ per cent since the sus- rior Court on the 8th inst.
pension in February 1902 and are now about to receive a 20
Since the announcement of the dates of the convention
percent dividend, making in all 32,U percent; the savings of the Washington Bankers' Association last week, the prodepositors, with the 10 per cent about to be paid them, will gram has come to; hand. Nine addresses, including that of
have received an aggregate of 45 per cent of their claims, President C. J. Lord, of the Capital National Bank of Olymtwo dividends having previously been paid, one for 20 per pia, will be delivered during the three days' meeting. The
topics and the speakers are
cent and another for 15 per cent.
—
:
Ridgely was the principal
Missouri Bankers' Associaof
the
convention
speaker at the
tion, held on the 25th and 26th ult. on the fair grounds at St.
Louis. The retiring President of the association, Mr. J. S
Calfee (Assistant Cashier of the Mechanics' National Bank of
St. Louis) was presented with a silver -mounted mahogany
gavel, the presentation being made by Mr. Harry M. Rubey,
the new President, who is Cashier of the State^Exchange
Bank of Macon, Mo. The other officers elected are: VicePresident, S. R. Nelson, Vice-President of the Chillioothe
Savings Institution at Chillioothe; Treasurer, William C.
Harris, President of the Callaway Bank of Fulton, and Sec-
"Commercial Crises and Panics," by
—Comptroller William B.
W. F, Keyser of Butler.
Secretary has been abolished.
retary,
The
office
of Assifctant
—The
Bankers' World's Fair National Bank opened for
As ha3 heretofore been
stated, the institution h*s biea organized to do a general
banking business only daring the Louisiana Purchase ExpoThe
sition and will cease at the termination of the Fair.
business in St. Louis on the 28th ult.
oapital
is
$200,000.
—
Mr. Oscar E. Dooly, who was recently appointed Manager of the Macon. Qa
Clearlng-H mse Association, succeeds Mr. Graorge H. Plant, and not Mr. L. P. Hillyer, as was
erroneously reported. Mr. Plant had been acting Manager
since the death of Mr. W. W. Wrigley two years ago. Mr.
Hillyer retains the office of Secretary, which he has held
since the organization of the Association in 1892,
The excitement occasioned by the suspension of I. C. Plant's Sons'
Bank and the First National Bank of Mason, and the subsequent suicide of Mr. R. H. Plant, has almost, if not quite,
we are informed, passed away.
,
—Mr. Henry
Hall has become President of the First National Bank of Mobile, A!a., succeeding Mr. James H. Masson.
—The Louisiana State Bankers' Association met in convenNew Orleans on May 26 and 27; Prominent among
First National
elected to serve for the ensuing year: President, D. M. Reymond, President of the First National Bank of Baton Rouge;
Vice-Prasident, S. McC. Lawrason, President of the Bank of
West Feliciana, at St. Francisville; Secretary (re-elected),
L. O. Broussard, Cashier of the Bank of Abbeville, at Abbe-
and Treasurer, J. E. Bouden Jr. Assistant Cashier of
the Whitney National Bank, New Orleans.
ville,
,
L. Mills, President of the
of Portland, Ore.
Legislation," by Miles C. Moore, of
Walla Walla.
"Needed
"A8tate Protective Committee," by W. D. Viacent, Cashier of the
Old National Bank of Spokane.
"International Banking," by F. E. Beok, Manager of the International Backing Corporation, San Francisoo.
"Canadian Banking System and Methods," by O. V. Holt, Manager Canadian Bank of Commerce, Seattle.
Requisites of a Good Loan," by E. T. Coman, Cashier of the First
'•
National Bank of Colfax.
" Banking in Alaska," by N. B. 8olner, Cashier Union Trust
ings Bank, Seattle.
" Credit Insuranoe," by W. H. Preston,
Credit Indemnity Co. of San Francisoo.
Manager
of the
&
Sav-
Amerloan
Short addreses have also been promised by Mr. Charles O.
Austin, Vice-President of the National Bank of North
America, Chicago J. H. Cameron, Vice-President of the
Hamilton National Bank of Chicago, and Hjn. C, A. Pugsley, Director of the Consolidated National Bank, New York
;
City.
Canadian Bank Clearings —The Clearings of the Canadian Banks for the month of May, 1904, show a decrease
from the same month of 1903 of 4*3 per cent and for the
five months the loss reaches 6'6 per cent.
May.
Clearings
1904.
Montreal
Toronto
68.974,022
22,844,625
7,670,165
8,618,02"
6,531,281
5,977.8 1W
Ottawa
Quebec.
Vancouver
Total Canada,
99,002 722
66,912,216 +31
20,6-9,973 +10-4
7,605,084 +09
8.414,2*2 +2-4
Dee.
$
440,919, 382 -13-0
342.306, cei -10-0
86,«39, 697 +17-5
383,492,095
."07,956,56-
—1-6
3,638,1*7/
2,424,6 7
+4-1
17,397,071*
17,433 632 —0-1
2,886,031
11,174, 755 +13-6
218,501.290
22^.407.783
—4*8
3,946,8-3
Viotorla
%
-162
i/n. or
1903.
4,009.87*
3,496,078
2.302,799
4,i-63,l21
John
.
1904.
Dec.
101,841,797
84,075,360
41.0*4,69?
28,212,2«B
26,930,126
22,846,441
1^.745,813
Hamilton...
London...
In. or
1903.
83 010,310
. .
Winnipeg...
Halifax
St.
Five Months.
at—
-0-2
fl.543,564
+
15-9
4,*lf>,872 4-16-4
5,155,347
+26
]
8--
-59
+1-2
-42
,224, 244
40.572, 12
29,449, ,507
23.053 ,7«( +16-8
20.179 ,211 +13*2
+6-8
17,63-< ,560
995,952.164 1,065.575.967
-6*6
The clearings for the week ending May 28 make an
unfavorable comparison with the same week of 1903, the
decrease in the aggregate having been 24-8 per cent.
Week ending May
tion in
the speakers was Mr. H. P. Hilliard, Vice-President and
Cashier of the Mechanics' National Bank of St. Louis, whose
a Idress was entitled, "Louisiana." The following have been
A
Bank
Clearings at
—
1904.
Montreal
Toronto
Winnipeg
14,e83,51^
13.233.75 >
4.350,103
l,«87,7v0
1,681,721
1,181,149
l,17J,8'6
942,421
. .
..
Halifax
Ottawa.
Quebec
Vancouver.
Hamilton...
St. John....
773.82>'
London
OS a, 086
Victoria....
868.84"
Total Canada.
40,667,971
Inc. or
1903.
Dec.
23 515,298
18,000,'i00
4,112,773
1.585,732
1,567,375
1,562,583
1,079.761
820.605
773,894
608,676
816,218
53,942,916
-38-0
28.
1902.
1901.
14,862,098
+149
-01
22.527,703
17.808,164
2.743.8P6
1,618,990
1.537,010
1,262,890
768.111
600,000
608,954
+12-4
+16*6
417.504
724,671
-21-8
49,962,77?
33,060,129
-266
+5 5
+3-8
+4-1
—24*4
+8'6
11,11(6.633
1,470,816
1,499,116
1,279,081
766,189
716,642
615,183
—
Clearings oy Teiegrapn. sales of modus, Jtfonms, <sc—
rhe subjoined table, covering clearings for the current week,
Armstrong was elected a director and Cashier of the Na- usually appears on the first page of the Chronicle, but on actional Bank of Commerce at Dallas. Mr. Armstrong had count of the length of the other tables is crowded out once a
previously been an Assistant Cashier, and in his new office month. The figures are received by telegraph from the leading cities. It will be observed that as compared with the
—At a directors'
meeting on the 25th
ult.
Mr. Volney E.
succeeds the late Joel D. Estes.
—The
National Bank of Commerce of Memphis, Tenn., has
purchased the Luehrmann Hotel building, the price paid
being, it is stated, $129,005. The cramped condition of the
quarters now occupied by the bank, it is stated, led to the
purchase.
— It Is stated that the stockholders of
the Capitol National
Bank of Guthrie, Okla., have been assessed 100 per cent.
The bank had a capital of $100,000.
—The
800 new shares of stock of the Security Savings Bank
of San Francisco are now being offered to the stockholders at
$825 per share (par $250), In the proportion of two-thirds of
new share for each share now held, payment to be made on
or before the 25th inst. All stook remaining unsubscribed
for aEd unpaid at that date will be sold to outsiders at not
a
corresponding week of 1903 there is a decrease in the
aggregate of 32 8 per cent. So far as the individual cities are
ooncerned, New York exhibits a loss of 39 7 per cent, Boston
87 -3 percent, Chicago 14 '9 per cent, St. Louis 8*9 percent,
Philadelphia 84*5 per cent and Baltimore 35*2 per cent. New
Orleans reoords a gain of 35 4 per cent.
Clearings— Returns by telegraph.
Week Ending June
4.
New York
$734,4< 5,299
80,' 38,122
Boston
Philadelphia
Baltimore
Chicago
Louis
Naw Orleans
Seven cities, 5 d»>
Other cities, 5 days
Total
all cities.
Total
,
5 dart,
day
all cities
for wee*.
1903.
P. Cent
-89-7
$1,218,074,119
128,772.873
112.794,551
— VPS
23.072,>- 58
—852
16 1.93 -,653
-14 9
45,918,766
8.121,710
-8-B
+85-4
$1,086,145,211
240,109.874
$1,688,680,330
287,401,418
—16 5
$1,326,866,085
805,48^.911
$1,976,0^1,748
450,516,': 22
-32-9
-3»-2
$1,631,744,016
$2,426,698,470
-32-8
73,845,672
14,932,893
129,873.630
41,95 ,054
10,094,514
St.
All cities, 1
1901.
-84-5
—86-7
J
.
June
4,
THE CHRONICLE.
1904.
Our usual monthly detailed statement of transactions on
the various New Yore Exchanges is appended. The results
for the five months of 1904 and 1908 are given below.
Five
Monks,
Five Montlia. 1603
1904.
Par Value
Actual
Aver'qt
Par Value
Actual
Aver'ei
or Quantity
Value.
Price
or Quantity
Value.
Price.
Oucrivtion
$SCT 49,3 ^
9
o:i2!
W»*83W.W» 595
8«>0k | !"£; $42 &?2
EB. bonds. I25U.O04.500 1210.540,059 813
fJoT't
bonds
Total...
U rain, bush.
-
$137,887 108-8
$<3 56H 20-8
$085,268 226'9
$402,400
$305,500
State bonds
Bank stocks
e83
8 '8 9
$283,740,900 $260,671,601 91-9
$741.v54 1144
$647,750
$302,000|
$4540,134,525 $2760041.8 '8
279,693 500
3J4.764.250
$3ix,e<
$105.5M 33
1
$235,950
$759.44(1 321
9
$65874^8776 5.235,981,467 798
60-8
B1M&
207,062,800
130,446.54-v 2 11-18
2315
Now
iojae land victories.
would not
the conviction
is
that larid vic-
were complete and
in
if
she
fact,
were to gain, she would probably
decisive; that,
insist upon recovering all that she has lost, whereas now it
is thought that if she were badly beaten, she might give
way. At all events, there is a complete change of feeling in
Paris, because of
Paris, and as a result, better quotations,
the immense amount of unemployed capital which is there
accumulated, exercises an unusual influence upon all the
Enropean markets, and probably will continue to do so for a
tories
satisfy her unless they
considerable time.
The London market has
week by
which has
The volume of transactions in share properties on the New
very
large
proportion
of
taken
away
a
the
members
of the
York Stock Exchange each month since January 1 in 1904
Stock Exchange. Today, mcreover, the Stcck Exchange is
and 1903 is indicated in the following:
closed, and Monday will be a bank holiday.
Therefore
SALK8 OF STOCKS AT NEW YORK STOCK EXCHANGE.
there has been thronghout the week little disposition to
~'$3039l35.373
Total value.
5,3S8,40->,015|
also been affected this
the observance of the Jewish feast of Pentecost,
1904.
Month.
Values.
Number
of Sharet.
Jan
Feb
March.
1903.
Par.
Actual.
1
12,262,624 1,169,681.976
8.787.25H
793,179,950
ll.440.9E6 l,0J3,978,950
Valuer.
Number
of Shares-
Par.
Actual.
$
1
$
666,948,926 16,001.82: 1.616,264.960 1,204,668,214
500.002.41V 10,928,017 1,046.647.826
836,098,769
664.003,461 t6.095.8C* 1.424,484,400 1,132,487,694
lstqr. 38 490.8W 3,000,740,875 1,820,959,806 42,018.546 3,985,696.576 8,172,154,677
April...
Mar....
8.805 529
5 S90.110
778.667,240
600.722.000
439.3t0.481 12,293,06>- 1,150,685,100
2 57.i 04.816 12.467,68>
1.
166.807.900
900,041,217
901.487,624
The following compilation covers the clearings by months
since January
1,
MONTHLY OLEAKING8.
engage in new risks. There have, however, been active
dealings in Japanese securities of all kinds. No doubt the
belief that the Russian army is being rapidly surrounded,
and that probably it will have to surrender, accounts a
good deal for the demand for Japanese securities. In Paris,
notwithstanding the depression which prevailed during the
first half of the wet k, there has been good buying of Russian
securities.
exceedingly abundant and cheap. The rate of
discount is barely 1% per cent, and day to day loans are
about 1 per cent, and even under. In consequence of this
many people e xpected that the directors of the Bank of Eng-
Money
is
land would on Thursday have lowered their rate of discount.
But as the foreign exchanges are all against this country,
1904.
1903.
P.Ot
1904.
1903.
P.Ci
the directors wisely decided to make no change. The imI
I
$
$
pression in Paris is that the directors might have put down
January. •• 12.Z62.474 004 11,088.988.021 -14 9 8.744.947,885 3,902,861,651- -4-0
their rate without danger, that although most of the gold of7.718,fc89.78e 8,468.707,464 -8 9 3.284.084.786 3,227,490,463
February
+18
fering in the open market is bought for Paris, and although
8,383,106,307 9,588,278,076 -12-6 3,578,103,317 8,678,067,74) +0tS
March
the debt due from London to Paris is very great, nevertheless
1st qnar.. 85,638,470,0^9 29,139,987,E61 -124 10.608.186,968 10,708.425,762 —1-0
gold will not be withdrawn from the Bank of England. On
8.3)0,188,924 9,581.868,82^ -13-: 8,513,645,83- 8,687,507 .86^ -8 3
April
8.216.947.282 0.118.534.323 -B-9 3.873 U6.68.S 3.543.606.187 -4-8
Mar
the contrary, the best opiLion in Paris is that once the presThe course of bank clearings at leading cities of the country ent nervousness subsides, there will be a large increase of
for the month of May and since January in each of the the balances employed in London by the French banks, and
that, moreover, very large sums will be sent over here for
last four years is shown in the subjoined statement.
The reason given for the opinion is that an outinvestment.
BANK 0LKAKINQ8 AT LEADING CITIES.
activity
at home is quite improbable that there is
burst of
May
Jan. 1 to May 81.
1901 1903. 1902. 1901, 1904. 1903. 1902. 1901.
(000,0001
such a vast accumulation of unemployed money that it must
omitted.)
9
$
9(
Tew York... 4,843 5,575 6806 9,325 24,559 31,944 81,944 37,874 be invested sooner or later, and that London offers greater
723
721
708
706 3,623 3,591 8,536 3,098
Ohioago
538
539
596
684 2,688 2,870 2,953 3,153 inducements for profitable employment than any other
Boston
501
427
554
500 2,244 2,460 2.446 2,245 centre.
Philadelphia
214
236
225
212 1.145 3,027 1,097
Bt. Louis....
907
215
166
188
198
801 1,033
The India Council continues to sell its drafts well. It
Pittsburgh..
889
899
119
119
112
100
602
620
SanFran'co.
589
462 offered for tender on Wednesday 50 lacs, and the applica99
85
96
87
481
489
Cincinnati...
433
415
102
94
109
80
432
480
496
Baltimore...
527 tions amounted to nearly 266 lacs, at prices ranging from
82
74
82
74
433
418
394
Kansas City.
355
66
64
62
62
281
337
292
Cleveland...
280 Is. 4d. to Is. 4 l-16d. per rupee. Applicants for bills at
€0
56
58
48
462
817
290
262
Hew Orleans
4 l-32d. and for telegraphic transfers at Is. 4 l-16d. per
56
62
42
269
53
289
Minneapolis.
258
201 Is.
43
44
46
43
229
230
210
Louisville...
199 rupee were allotted about 22 per cent of the amounts applied
44
42
42
43
211
202
224
200
Detroit
30
30
31
27
164
154
140
Milwaukee..
129 for. Later in the day the Council sold by special oontract a
27
28
29
29
146
150
150
114 small lot at Is. 4 l-16d. per rupee.
Providence.
32
33
31
28
163
163
150
Omaha
134
26
29
28
28
130
131
119
121
Buflalo
The following return shows the position of the Bank of
25
23
24
21
120
123
112
100
Bt. Paul
j'.ngland.the
Bank rate of discount, theprioe of consols, Ac.
28
16
23
22
125
126
Indianapolis
105
77
20
17
18
18
92
89
94
Denver
95 :om pared with the last three years:
.
18
18
18
17
97
B2
Richmond..
81
85
U04.
1903.
1902.
1901.
16
16
15
12
114
84
71
66
Memphis....
May 18.
May 20.
May 21.
May 22.
Clearings, Total All.
Clearings Outside
New
York.
;
.
Seattle
Hartford....
16
Lake City
11
16
12
12
7,787
8,694
8.
Total
Other Oltles..
Total all...
Outside N.Y.
12
429
8,216
3.373
14
12
14
10
12
16
81
58
59
78
59
60
65
60
70
48
57
61
9,982 12,473 39,817 45,607 47,229 52,197
425
404
348 2,212 2,233 1,985 1,676
9,119 10,386 12,816 42,059 47,840 49,214 53,873
3.514 3.580 3.49117.500 17.889 17.270 15.999
JlTO*latlor
Public deposits
JtMer deposit!
»OY»mment seourltlei
rther securities
KCMrre of notes and coin
*
X
%
28,395,426
7,722,433
40,001,9*0
28,580,980
8,630,539
40.3C6.373
14.799,631
29,240,545
10,688,928
88,138,630
14.8U4.003
28.35S.678
28,678,621
36,044,066
48V6
29,668.725
10.503.601
37.943.407
14.164,417
28,716.5*8
23,496,283
36.^90,008
3
4
94
27 9-16d.
186 0:49.000
17.229,fc78
JolnAbuUlon.bOthdepartm'tB
25,^68,519
23.027,049
32,972.»74
i.6,734.733
S6.lbl.S80
35,687,360
51 7-i6
481-16
Prop. reserTeto liabilities. p.o.
8
peroent.
«ank rate
*»H
90 5-18
^>nsois.2« per cent
25 ll-16d
253-16d.
g w BI
280,772,0c0 214,588.000
CI mrlne-Hous* returns
Wi
IFrom oar own correspondents
London, Saturday, May 21, 1904.
For the greater part of the week markets have been dull
and there has been little business. Chiefly this was due to
the depression in Paris consequent upon the continued Russian reverses in the Far East. On Thursday, however, there
was a change of feeling in Paiis and all markets improved.
It then came to be believed that the position of Gen. Kuropatkin was hopeless, that he would probably be obliged to
surrender with his whole army, and that as a result Russia
wculd make peace; and therefore there has been a com-
»
May
486-16
96*
28%d.
.
J$ltm&tnvy,l <£ crox mzxtml^nQlisW&tWB
M,
159,906,000
21.
The Bank rate of dlsoount and open marketrates at the
chief Continental cities have been as follows:
May
Ratetot
Interest at
Bank
3
4
2 6-16
change of opinion in Paris. Up to this week it was Madrid
thought that Russia could not make peace until she had won Copenhagen.
plete
..
Open
Bank
7.
Open
April 30.
Bank
Open
Bate. Market Bats. Market Rate. Marke
3
4
2 5-16
3
3
4
214
3
3
4
2%
•m
4
3
4
3
4
4
4
3
4
3
4
2H
8H
3J*
3H
3>6
3«
8
3
3
Petersburg..
i
May
14.
4
3K
St.
Bank
Open
Rate. Marks
Parle
May
21.
SH
6*
m
iH
8
SH
nom,
4
4
8*
BH
iH
iH
2%
2H
noa.
4
4
8
SH
5H
iH
iH
2%
2«
nom.
4
4
3
8»
5*
*H
iH
nom.
4
4
:
:
.
.
8
..
,
[Vol. lxxvill
THE CHRONICLE.
2316
The rates for money have been as follows:
»
English Financial Market*— l'er Cable.
The dally dosing quotations for securities, etc at London
are reported by cable as follows for the week ending June 3 :
,
Oy«n Marh«t fi«m
a
La«4on.
for depoiit$ b\
H
Bank
-K
c
a
April 22
••
29
May e
"
18
"
20
fntornt allows
*
8 Monthi.
4
3
2 8-16
8
3
2 5-16
BUli.
Monthi
8-lH@94
2M..-/2
2H@2«
3
2»2
8®'-2MS
8-16
1-16
1 15-1«<32
1
Messrs. Plxley
May 19. 1904
Mot.
i
24®2%
*n®*H 24@2«
8 7-16
8 5-16
3
B
6 Afonthi. 8
Dit IH'i
Joint
Stock At 7-14
Moi. Bankt Call n«»i
2rad«
JMllt
2«4»2M 2K®2»4
8H@2«
2K
8M
15-1«@2
IK
14
14
14
14
14
14
194
1*4
14
IK
2*
Silver , per ounce
d
Consols., new, 24 p.ete
For acoount
1*
fr'obrentes(lnParlB)fr
Spanish 4b
1*
anaoonda Mining
Sat
Mon.
2511,8
90*4
904
904
9710
90 7e
9760
84
70i«
Preferred..
Baltimore A Ohio .....
Preferred
. ......
96
95
80 Ts
Canadian Paoiflc
..
Chesapeake & Ohio...
Ohio*. Great Weatern
120%
120 7
i>0%
31
15
3%
& Banta Fe.
25*3
90n, e
907 16
97 45
83 4
804
by Paris continues on a very large
scale. Nearly all this week's arrivals of about £700,000 have been
taken and the drain on New York Is still enormous. The figures of
the Bank of France reserve show an advance on the record figures of
1902, and now exoeed 103 millions. The Bank has received £13,000
from Australia and *5O,00o has been withdrawn, chiefly for Brazil.
Arrivals: South Afrloa, 4318,000; Australia, 4268,000; Bombay,
.£68.000; Straits, .£2,000; River Plate. £16,000; Chile, £12,000; West
of cold
Oen.
Do
Crie, common .........
lat preferred
Jd preferred
Illinois Central
Louisville <fe Nashville
Mexican Central
to. Kan. A Tex., com.
Preferred
Shipments: Bombay, £57,900;
£21,000; total. £735,000.
Madras, £5,000; total. £62,900.
Sliver— The advance in silver has had a sharp cheok on large realization sales, and we have fallen %!. Purohases for the Indian Government still oontinue, and but for these the fall would have been
greater, as Eastern banks are doing praotloally nothing. We olose
25 9 16d. for oash, with a weak tendenoy. Forward has been the better market of the two, and varies frtm 4d. to 3-lCd. under cash. The
Indian prioe is Rs 648s. Arrival*: New York, £90.000; Australia,
£5,000; Chile. £4,000; West Indies, £12,000; total. £111,000. Shipments: Bombay, £131,000; Hong Kong (in coin), £25,281; total,
£156,281.
Mexican Dollars- These coin still remain quite nominal at about
4d. under the price of silver. £5,000 has arrived from Hong Kong.
Indies,
tfat.RR.of Mex ,letprf.
•J. Y. Cent'lA Hudson.
Y. Ontario & West'r
forfolk <fe Western
Do
do
pref
Northern Seourltlea...
'ennaylvanla
•T.
May
May
19.
12.
BlLVBB.
London Standard
May May
d.
».
76
76
6
*76 6
"76
76
5%
'76
*76
'76
54
54
5->
t
5%
54
Bar silver, fine. ..oz. 269,6 2515,6
Do 3 mo. delivery 26% 25%
Bar silver, oontaln'g
do 5 grs.gold.oi. 261 1B 267,
do 4 grs.gold.oi. 2S's 26*4
do 3 grs.gold.oi. 25H 16 2bii 6
fl
5M»i« 28
Nominal.
25%
Mexioan dollars, .oe. 25*3
pref.
Do
Do
preferred.. ...
148
304
144
1334
liO
133
110
16
35
37
16
34
37
117%
117%
2238
67 4
117%
224
H74
2238
57
90
57
90
654
994
994
583b
2238
5838
40
82
40
32
464
2O4
464
204
85
85
854
934
94
544
854
984
133
110
7%
1688
564
394
394
31
31
46 78
20'9
31%
47
46*8
204
854
854
984
20%
854
850s
58%
94
16
16
344
344
94
540a
16
344
584
69
1094
74
16
16
34
37
34
1174
22%
2*08
93%
90s
5538
133
74
85
85
93%
554
23 78
74
SO
100
Deb.'«B"
* **r1oe
15
143
58%
344
934
94
654
164
344
WabaBh. ...............
f
d.
d.
f.
77 10 7e
7711
do
1204
304
35
133
110
22
40
85
1200s
570b
994
584
224
394
814
84%
80
93
584
464
Paoiflc..........
93
84
68*8
21 78
Union
70%
94%
944
7i%
59
35
8
583s
208a
70'8
69
24
89
louth'n Railway, com
Preferred
309
684
89
22
„
mmm
30s
68%
234
Og
Phiia. <fc Read
Phila. ARe»d.,lBtprei
Phila.
Read. ,2d pref
Southern Pacific
Do
Bar gold, fine....oi
D. S. gold coln...oz
Germ'n gold coin.oi
Frenoh gold ooln.oc
Japanese yen....o»,
65
1434
204
6*4
354
1174
224
834
23 ?8
58 7
%
904
20
164
Preferred
U. S. Steel Corp., com.
12
19.
10b
16
2538
904
904
97-924 87 85
1204
304
15
1430s
6h4
23%
35
133
904
9765
84 4
Fri.
20
234
5h%
A
Tha i dotations for bullion are reported as follows:
Gold.
London Standard
A Rio
257 16
905 le
80
93
98
121
31
1434
204
A
Bt. Paul.. 1434
i038
Gr.,oom...
do Preferred 68%
Ohio. Mil.
25%
900,6
x704
944
71
944
804
e
15
Thurt,
3%
3%
.
Gold— The absorption
Wed.
Tuet.
25 8g
a%
70%
atoh.Top.
Abell write as follows under date 0/
<te
LORDOH.
224
938
54%
164
16
S4
34
684
584
per pb»r»
Commercial mxtl ^XxsccXXmuoxxs^txvs
DIVIDENDS.
The following sbows the imports of oereal produce into
the United Kingdom during the thirty-seven weeks of the
season compared with previous seasons:
Nams
of
Company.
Per
Books CUMtA.
Cent
(Day 1 IneluHie.)
IMPORTS.
1903-4
1902-3.
1901-2.
1900-01.
Imp'ts of Wheat OWt.62,999.269 56,133,700 47,102.571 49,263,100
Barley
25,396,068 20,731,450 18,436,491 16,075,500
Oats
11,107,263 10.413,253 12,413,539 15,217,800
Peas
1,730,060
1.404,908
1,492,501
1,875,030
Beans
1,235,561
1,353,475
1,203,340
.. 1,730,128
35,604,015 28,173,308 81,837,008 38,808,300
Indian corn
Flour
........15,767,955 13,719,477 14,524,268 16,277,600
Maitr»ada (Steam).
Atchison Topeka & Santa Fe, pref
Boston Revere B. <& Lynn
do
do
1903-4.
Wheatlmported.cwt. 62,999.269
Imports Of flour
15,767,955
SaleBOfhome-grown.14,438,738
1902-3.
1901-2.
56,138.700 47,102.571
13,719,477 14,524,268
18,863,377 20,204,635
88,706,564 81,831.474
Total
.. 93,205,962
27s. 9d.
31e. Id.
Aver.prloe wheat, week. 27s. Id.
27s. 2d
Average price, season. 27s. 3d. 26a. 8d.
The following shows the quantities
maize afloat to the United Kingdom:
This week. Last week.
qra... \. 17 , nnn i 4.100,000
'°> vvv
Flonr, equal to ars. . S
185,000
\
qra...
385,000
395,000
Walie
'
since Jan.
1904.
1
84.568,000
27b.
27s.
Od.
1901-2
1902-3.
1,908,000
297,000
8,985,0t0
545,000
790,000
235,0<
have been as follows
1903.
:
Difference.
£
£
45,998,863
44.110,519
48,692,275
45,181,763
46,226,515
40,560,585
46.916,524
43,802,327
+3,549,934
+1,775,751
+1,379.436
+»
Four months. ...184,071,560
177,385,167
+6,686,393
+3'9
Imports.
Jauuary
February
March
Apiil
The exports
Exports.
January
February
March
April
Four months
since Jan. 1 have been as follows
1904.
1903.
£
£
24,093,365
23.894,813
24,251,796
23,484,834
24,903,636
22,775,436
25,108,194
23,136,373
95,714,808
95,923,639
Toe re-exports of foreign and
show the following contrast
Rb- exports.
January
February
March
April
s,
—282,652
Ot.
—05
+8-7
+38
1903.
£
£
6,067,718
6,138,328
5,458,353
6,689,064
1
E.
do
111.,
do
com stock
!J'ly
14
2*i8
(quar.)...
1
trust otfs.
5
14
pref. etk. tr. ctfs. (qn.)
M., pf. etk. tr. ctfs. (qn.)
J'ly
1 J'ly
J'ly
1
1
1
1
1
.i
,
T.,
Mlnneap
,
pref. (quar.)
to
Aug
of reo. J'ne
J'ne 11
May 19 May 9
J'ly
J'ly
J'ly
J'ly
K. C. Ft. S. <£>
1
Mtroei ttatiwaya.
Boston Suburban Elec, pref. (qnar.)..
4 J'ly 15
California Uas & Eieo. (monthly)
25c. J'ne 15
Chicago City By. (qnar.)
24 J'ue 30
South Side Kl Chic, (quar.)
1
J'ne 3
Twin City B
1
1 Holders
18 J'ly I
18 J'ly 1
1»4 J'ly
1
J'ne
J'ne
J'ne
J'ne
17
17
17
17
Holders of
J'ne 11
J'ne 14
J'ne 21
J'ne 1
1
15
J'ly 18
J'ly 18
to
to
to
to
to
to
to
to
J'ne 21
May 38
J'ly
J'ly
J'ly
J'ly
1
reo. J'ne
10
to
to
to
to
1
1
1
J'ne 19
J'ne 30
J'ly
1
Trust Companies.
Filth
Avenue
91
(quar.)
J'ne 30 Holders of reo. J'ne 29
S
)aoollan«ou >.
Snuff, com. (quar.)
do
do pref. (quar.)
Amer. Sugar Beflulng, com. (quar.)
do
ao
do
pref. (quar.)
Celluloid Co. (quar.)
Colonial Sugars
Eleotrlo Boat. pref. (quar.)
Equitable Ilium. Gas Light, Phila., prf.
Maryland Coal, pref
do pref. (extra)
do
i»4 J'ly
i»4 J'ly
J'ne 16
J'ne 16
2 J'ne 6
3 J'ne 6
14
J'ly
J'ly
J'ly
1
iJ'ly
IJ'ly
1|
2 Hi J'ly
1
4
2
2
3
24
1
New
Orleans Gas Light
Safety Car Heating <ft Lighting (qnar.)
do
do
do
(extra).
Swift & Co. (quar.)
3
2
J'ly
1
1
Holders of
to
to
to
to
rec.
J'ly
J'ly
J'ly
J'ly
J'ly
1 34 J'ly
J'ne 16
1 J'ne 16
4 J'ne 23
1
4
4
J'ne 16"
1 J'ne
3
to
1 J'ne 12
to
J'ne 15 Holders of reo.
J'ne 30 J'ne 19
to
J'ne 30 J'ne 19
to
1
1
1
J'ly
1
J'ne 30
J'ne 9
J'ne 30
J'ne 30
t
to
to
to
J'ne 30
J'ne 80
J'ly
4
•Transfer books not closed
The transfer books for certificates of stock will be closed June 24 to July
1, both inclusive, ami for N. Y. Beonnty & Trust Co.'s certificates of beneficial Interest from June 2 to July 1, both inclusive.
—
Auction Sales. Among otmer securities the following
not regularly dealt In at the Board, were recently sold at
anction,
:
By Messrs. Adrian H. Mailer
Difference.
£
Per Ot.
—3-3
—820,271
+4.9
+1,119,377
—3-4
—856.398
+348.461
+15
—208,881
—02
colonial produce since Jan.
1904.
5.712,000
7,405.341
5,946,649
6.754,870
per
2
..
American
3(3.
of wheat, flour and
Wheat
The British imports
1900-1.
49,263,100
16,277.600
19,027,300
pref.
>
&
:J'iy
14
Manhattan Elevated (qnar.)
Mexican By., at pref
St L. <& San Fran., 1st pref.
Chlo.
Supplies available for consumption (ezoluslve of stcok
on September 1):
24 Aug
$1
Hocking Valley, com
Difference.
£
—355.718
+1.267.013
+488,296
+165,306
pe r
1
ot
— 5h
+20-8
+8"9
+2-5
Four months.... 25,818,360
24,253.463
+1.664,897 "+6^4
Notb. -The aggregate Azures are ollijlal. fhey lndloate that alight
adjustments have been made In the monthly returns as issued.
Bondt.
$ 10,000 Newbury
Son:
Bonds.
$20,000 Westohes'r Co. Real-
Eleot, Ry.
Co. 1st 5s. 1944
Si. 000 City of N.
&
63
ty Co. real est 6s J an., '03,
dock
ooup on.$l,o00ea..$l per bond
34s, 1*2 7,
* int. $10,000 New Mex.Ry.&Coal
$1,000 City of Chloago water
Co. 1st cons, and oollat. tr.
4s. 1912. J*J
100 <fcint.
58,1951
904
$1,000 Tene Haute kvaterStocks.
W, Co 1st 4»«r, 1919
90
80 Orange Co. Traotlon Co..
$l9oAtlantlo Mut. Ins. Co.
pref
$26 eaoh..$691ot
sorlpof 1H04
1024
10 Herring - Hall - Mar*lu ]
$22,000 Atlantic Coast Elec
8»feCo. 2d pref
$46
Light Co. 1st 5s. '46. JaD. 41
10 Herring - Hall - Marvin lot.
$60,000 Loa Angeles SuburbSafe Co., common
an Gas Co. 1st 5s,'21,J<feD,
25 Gray Nat. Telauto'h Co. 32
$50,000 coup. No. 3 at21 Mechanics' Nat. B.mk...2494
tached; $9,500 ooup. No. 4
1,000 Ploaoho Blanco Mln.
attached; $500 ooup. No. 5
Co.of Arlz..$l ea.lSo.persh.
attached
$5,000 for
10 Nat. Bk of Commerce.. 310
$60,000; $1,000 for $10,000 $190 Atlantic Mutual Ins.
Co. eorlpof 1904
1024
V.
MAN....100 78
I
(
I
j
..
June
4,
1
y
.
THE CHRONICLE
1004.
City Clearing House Hanks.— Statement of
condition for the week ending May 28, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
New York
BANKS.
Loans.
Surplus.
Capital.
«
4
Specie.
Legals.
1
Deposit* Re-
2317
New York
City, Boston and Philadelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
a
summary
We omit two ciphers (00)
Capital d
BANKS Surplus.
Loans.
in all these figures.
Specie.
Legals.
$
*
75,041,5
77,096,6
78,143,0
81,155,3
De-
Circu-
posits, t
lation.
Clearings.
I've.
N. Y.
Bk. of N. T.
Manliat. Co.
2,000,0
2,050,0
2,000,0
3.000,0
1,500,0
1.000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
Merchants'
Mechanics'.
America
Phoenix
...
City
Chemical ..
Merch. Kx
.
Gallatin
But. <fc Drov
Mech.cfcTra.
Greenwich
Amer.Exch.
Commerce..
Mercantile
Pacific
Chatham
People's
...
...
200,0
2,000,0
3,000,0
1.000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
790,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
N. America
Hanover
...
Irving
Citizens'
..
Nassau
Mar.<fe Fult.
Shoe ifc Lthr.
Corn Exck
.
Oriental
...
Imp. <fc Trad
Park
East River
Fourth ....
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Ave ..
German Ex.
Filth
Germania
..
Lincoln
Garfield
Fifth
Bk. of Met..
West
Side..
Seaboard
..
lstN.Hklyu
Liberty
N. Y.Pr.Ex
New Amst.
Astor
Total
$
$
9
2.536,0
2,399,3
1.413,9
3,262,3
3,5(12,4
270,2
17,075,!'
7,595,1
361,4
2,223,9
117,5
346,8
537,7
4,127,1
11,860,0
4,424,3
608,5
1,091,8
396,0
2,079,1
6,460,0
1,047,3
541,7
313,4
1,273,9
367,7
3,291,3
1,042,0
6,681,4
7,009,1
141,8
3,017,4
1,380,4
13,714,0
891,^
775,9
660,7
513,3
3,955,5
1,745.3
665,5
882,7
1,320,5
1,274,1
380,6
1,470,7
539.2
1,418,0
595,1
1,939,8
502,1
561,3
646,9
$
$
17,865,0
21.719,0
14.443.9
20,099,0
20,682,1
3,904,0
157,746,3
23,837.6
6,517,6
8.621,0
1,973,0
4,162,0
2,449.6
29,114,0
156.840,9
23,192,9
3,156,4
6,085,8
2,101,7
17,099,6
46,176,5
6,272,0
15,084,2
2,640.7
6,306,8
7,021,5
29,650,0
6,752,0
24,255,0
67.860,0
1,148,6
21,896,4
9,599,0
98,341,0
7,804,6
3,039,0
4,410,8
3,451,6
44,541,5
9,150,2
2,734,4
2,974,4
12,082,9
7,533,2
2,445,8
8,339,1
3,478,0
13,551,0
4,374,0
11,050,9
5,159,0
5,899,1
4,849,0
3,033,0
9,829,0
2.920,7
4.187,0
4,244,3
607,0
37,446,1
5,490,9
980,1
1,079,3
623,3
838,0
489,9
3,754,0
23,136,3
3,844,7
622.7
775,6
666.7
2,508,6
11.855,5
948,0
3,585,8
326,5
1,540,3
1,935,0
5,664,0
1,970,2
4,185,0
14,489,0
206.3
3,155,8
1,114.0
30,228,0
1,477,3
603,0
975,9
623,8
14,289,6
2,291,2
195,0
419,5
1,289,2
1,702,9
469,1
1,693,6
707,0
2,404,0
543,0
2,253,9
P91.7
1,180,1
985,0
*
P.C.
1,438,0 16.953,0 28-a
2,002,0 30.073.0 39-5
1,325,8 16,634.7 jr. i
1,992,0 21,065,0 29-3
2,368,8 23,013,5 28 7
205,0
3,410,0 J3-8
8,6o9,3 160,449.6 28-7
1,805,0 23,765,0 30*7
569,7
6.004,6 25-8
563,5
0,513,2 25 2
35,3
2,468,9 20-7
495,0
4,850,0 27 4
448,0
2.38.-, 9 ;;93
2,115,0 22,782,0 26-7
15,588,0 147,020,7 26 3
1,264,3 20,578,7 24-8
453,9
4,015,0 26-8
975,1
6,244,8 28-1
314,0
2,787,2 316
1,898,0 16,701,9 26-3
3,6.i6.7 67,030,8 2-1
516,4
5,651,0 2o9
1,719.3 19.127.6 2V '1
369,1
3,091,2 22-5
627,3
6,689,3 32-4
362,0
8,557,1 26-8
3,984,0 36,58U,0 263
352,9
7,266,8 31-9
1.357,0 21,715,0 255
5,227,0 76,856,0 v>5-6
194,3
1,319,7 30 3
2,721,8 23,980,4 245
1,350,0 10,121,0 24 3
1,763,0 103,301,0 30-9
501,7
7,332,0 26-7
397,0
3,729,0 26-8
487,9
6,786,4 262
216,8
3,302,4 25-4
1,817,2 55,638,8 28-9
283,6
9,991,2 25-7
616,0
3,420,6 23-7
844,4
6,325,3 23-7
1,756,6 12,800,3 23-7
289,8
7,710,4 2o-9
131,7
2,575,9 23-3
922,5 10,963,3 23 8
322,0
3,939,0 261
1,703,0 15,743,0 26
651,0
4,687,0 26-0
246,6
9,663,5 268
389,1
5,527,2 24-9
714,0
7,071,6 267
157,0
4,842,0 23-4
115,972,7 133,809,0 10404834 223,275,4 81,155,3 10989535 27-6
...
t
Total United states deposits included $24,877,800.
t
Non-Member Banks. —The following is the
statement of condition of the non-member banks for the
week ending May 28, 1904, based on average of daily results.
Reports
of
We omit
tvjo
$
May
$
7 249,781.7 10710300
Muvl l 249,781,7 10789286
May21 249.781,7 105655;;.",
May28 249,781,7 10404834
52,635,4 172,905,0
52,635,4 172,819,0
52,635,4 172,678,0
Sur-
00s omitted.
tal.
plus.
Specie
ments.
Net
Notes.
Clear'
Other
Deposits
Agent. Jiks.&c
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
May 26 and for the week ending for general merchandise
May 27 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
1904.
Dry Goods
General Merchandise
Total
Man&Br'nx
Colonial
Columbia
..
14th street.
Gausi-voort.
Hamilton
..
Mt. Mollis
Mutual
19th Ward
Plaza
Riverside ..
.
State,
12th Ward
23d Ward ..
Yorkville ..
.
Fidelity ....
Jeflerson ..
Century ...
Wash. Hgta
United Nat.
$
100.0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200.0
100,0
100,0
200,0
400,0
100,0
100,0
1.000,0
$
226,9
266,0
112,0
78,0
120,2
118,9
17S.3
201,0
248,2
102,7
571,8
103,
93,0
271,4
119,1
271,2
58,7
129,7
114,5
Consol. Nat. 1,000,0 1,116,1
Borough
2,156.9
3,463,0
1,500,4
1,994,1
2,921.2
2,306,5
2,615,3
1,397,7
3,291,0
1,117,5
7,268,0
1,634,0
1,293,4
2,002,0
816,5
2,003,9
642. a
597,5
1,994.8
3,770,3
$
48,4
200,0
100,6
11,0
172,6
150,5
21,2
34,6
113,0
$
205,6
112.0
1,0
65,1
452,0
59,0
49,6
256,0
238,0
153,9
193,5
50,2
93,8
27,4
J
4 5,7
10,8
8,7
15,6
12,4
247,3
315,6
88,3
141,4
87,9
86,7
217,3
123,2
102,0
29,9
64,1
71,0
$
368,4
403,0
622,2
260,9
229,2
827,5
120,1
229,1
581,0
89,0
273,0
312,0
182,8
365,0
64,3
224,8
64,6
124,5
103,8
300,2
$
710,9
$
1,8
3,082,0
3,722,0
2,271,7
2,271,6
3,493,2
3,100,3
2,712,5
1,801,0
3,717,0
1,350,8
8,539,0
2,285,0
L, 682,8
2,293,6
6,4
1,933,5
3,5
100,0
60,4
300,0
55,0
105,0
331,6
235,9
761,0
15,0
108,1
807,8
152,7
\
125,0
1,232,1
2,444,3
23,8
50,7
70,0
10,0
22,0
234,0
287,2
133,4
125,5
30,0
631,0
189,1
46,2
2,301,5
1,832,2
3,891.0
8,678,1
1,184,8
5,819,0
4,852,0
1,228,3
1,678,6
659,5
1,250,0
1,639,3
901.3
1,742,0
Brooklyn.
Brooklyn
.
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
.
North
Side.
Peoples
17th Ward
.
SpragueNat
Union
Wallabout
.
Borough.
...
188,7
309,3
67,7
301,1
115,8
693,7
698,7
734,0
53,2
88,5
391,0 991,0
438,0 1,196,0
80,6
44,3
142,5
141,0
51,7
62,1
25,0
245,0
82,6
113,7
32,0
37,6
94,1
212,0
26,4
124,5
321,8
222,3
12,0
200,0
144,0
11,4
64,6
76,7
85,9
2,136,3
1,620,4
3,175,9
7,077,4
1,122,7
5,282,0
3,415,0
1,060,6
1,412,3
655,6
1,163,0
1,082,5
763.4
1,654,0
106,1
740,9
63,3
400,0 1,040,8
3,714,4
190,5
250,0
250,0
200,0
648,8
277,9
287,0
2,104,2
1,054,7
1,218,8
78,1
60,1
47,1
65,3
17,9
74,8
110,0
125,0
526.9
147,0
2.L71.2
1,184,9
122,4
34,4
33,7
39,6
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100.0
100,0
loo.o
200,0
200,0
100,0
200,0
325,7
156,5
530,9
376,9
100,0
58,9
743,6
587,0
171,4
177,0
83,2
256,6
110.7
11,5
117,0
41,3
57,9
23,8
Borough oj
Bichmond.
lstNat.,S.I.
10,0
792,4
184,9
$1,986,129
7,168,819
$1,623,241
8,455.393
$11,487,046
$11,000,720
$9,154,978
$10,078,634
Dry Goods
General Merchandise
$52,118,054
199,634,048
$59,675,970
192,949,299
$52,956,114
175,714,307
$45,474,151
189,067.389
Total 21 weeks
$251,752,102 $252,625,269 $228,670,421 $234,541,510
The imports 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 tho
week ending May 30, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
For the week
Previously reported..
Total 21 weeks
1904.
1903.
1902.
1901.
$6,856,111
194,759,611
$7,461,643
206,194,543
$8,202,160
194,055,945
$8,145,809
213,670.577
$201,615,722 $213,656,186 $202,258,105 $221,816,386
Note. — As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to timo adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending May 28
and since Jan 1, 1904, and for the corresponding periods in
1903 and 1902.
Hudson
Week.
6,816,4
.
227,9
301,1
651,9
250,2
14,1
4,9
1,936,4
1,027,4
1,738,4
First Nat...
170,1
67.8
194,6
86,9
2,162.7
1.202,2
Tot.
May28
Week.
Since Jan. 1.
25,000
3.455
$2,047,346
1,140,732
1,440,780
284,260
17,920
658,370
40.632
$725,915
83,541
15,197
$5,560,046
2,999,818
1,133,426
.fl9,637,476
France
$2,799,682
40,673,441
3,000
4,400
1,223,947
61,735
2,026,125
2,000
All other countries.
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
$2,807,082 $63,627,724
3,491,155
14,383,059
7,163
16,870,564
$349,400
290,900
57,160
$1,022,640 $16,296,738
301.559
25,800
692
117,574
France
Germany
West Indies
Mexico
South America
Total 1904
Total 1903....
Total 1902
$6£ff
1,905
8,746
$979
925
1,350,800
9,653
500
$1,028,332 $18,102,124
15,185,086
1,228,665
593.915
15,513.112
*2,404
121,380
18,541
All other countries.
84,578
224,412
56,653
2,035
$378,864
725,340
488,520
Of the above imports for the week in 1904, $57,160 were
American gold coin and $
American silver coin. Of the
exports during the same time $7,400 were American gold
com and $
were American silver coin.
Auction Sales.
—See page preceding.
&
Chicago
Alton Railway
Company
3*2% Gold Bonds.
latest date more than 17% greater
same period of a year ago.
First Lien
Net earnings to
than for
Price to yield about 4*65% income.
Descriptive circular on request.
&
Company,
WILLIAM AND PINE STREETS, NEW YORK.
—
Hoboken.
Second Nat.
Imports.
Since Jan. 1
Great Britain
Co.
National
Second Nat.
Third Nat..
NEW YORK
EXPORTS AND IMPORTS OF SPECIE AT
Spencer Trask
333,8 1,646,2 1,462,0
1901.
Since Jan. 1.
Jersey City
First Nat...
1902.
$1,977,748
9,022,972
74,3
541,6
oi
Broadway
1903.
$2,029,303
9,457,743
Mexico
South America
Boroughs 01
153,752,3
124,084,4
109,562,7
;
Germany
West Indies
N. Y.CITY.
7,093,0
7,100,0
7,115,0
t'liilu.
Kxpokts.
Leg. T.
&Bank
6,120,0 219,204,0
6,509,0 214,723.o
6,759,0 211,011,0
16,576,0
16,547,0
16,173,0
ciphers (00) in all cases.
Invest-
1
62,094,0
229,476,0 11,196,0
Mayl4 48,167,1 192,362,0
97,026,8
63,564,0
230,552,0 11,525,0 100,519.7
May21 48.167,1 191,930,0
191,224,0
63,110,0
228,410,0
11,539,0
107,1(13,4
May28 48,167,1
t Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on May 28 to $3,942.000 on May 21 to $4,277,000.
Deposit with
Capi-
$
11317128 35,77-1,6 1,297,582,2
11296154 36,003,7 1,166,734,0
11005661 36,480, 1,219,167,8
10989635 37,001,6 1,026,904,2
Bom,
May 1
May 21
May28
Gold.
BANKS.
230,610,9
218.134,5
210,002,8
223,275,4
Branch
Office:
Moffat
,
ALBANY, N.
1
&
Y.
White,
Members New York Stock Exchange,
1 NASSAU STREET, CORNER WALL,
jDealers in Investment Securities.
9,387.0 112799 88,499,4 4,047,0 5,447,0 136655 6,940.9 1024196
Tot.May21 9,387.0 112799 88,077,2 3,878.1 5.178,2 139075 6,187,4 1017600
Tot. Mayl4 9,387,0 112799 88,000,6 3,934,8 5,292,9 155851 6,402,9 1036025
TeU
5820-6621 CortUodt.
Telephone Stocks a Specialty.
~"
.
THE CHRONICLE.
2318
fJiWtijcrs'
iy For Dividend! tee page
Lxxvm.
(Vol.
cjommerolal, par; Chioago, 20c. per $1,000 premium; St.
Louis, 60c. per $1,000 premium; San Francisco75c. per $1,000
(TyazzMz.
premium.
—
3316.
WALL, STREET. FRIDAY, JUNE 3. 1904.-5 P. M.
The Money Market and Financial Situation.— Business at
the Stock Exchange has been exceptionally limited in volthe security markets have been narrow and featureless throughout the week. Saturday's bank statement showed
a large increase in the surplus reserve held by the As-ociated
Banks, but neither this nor the fact that the Exchange was
closed from Friday until Tuesday caused any perceptible
increase in the demand or stimulated any activity in the
State and Railroad Bonds. Sales of State bonds at the
Board are limited to $1,000 Alabama Class A 4-5s at 102%^
The market for railway bonds shows no change in its
general characteristics. Such offerings of high-grade issues
as make their appearance are readily absorbed by investors
and a large proportion of transactions at
Exchange is in the speculative issues.
Of the latter, United btates Steel 5s have been most active,
but fluctuated within a narrow range. Wabash debenture
Bs were weak on limited sales. Union Pacifies, Northern
Pacifies, Baltimore & Ohio, Missouri Kansas & Texas, St.
Louis
Southwestern, Reading, Third Avenue and Kings
market.
County
Elevated issues have been steady to firm. Rock
The most recent statistics in regard to the cotten crop
Island
bonds
showed some tendency to weakness, but the
3,36S,000
nearly
has
been
increased
show that the acreage
general
list
has
held well up to last week's quotations.
acres, or 11-62 per cent, over that of 1903, and sufficiently
market.
cotton
accounts for a rather sharp decline in the
United States Bonds.— Sales of Government bonds at the
The plant, however, is somewhat backward, in common Board are limited to $3,000 4s, coup., 1925, at 132%. The
with other crops, and more seasonable weather in the South following are the daily closing quotations; for yearly range
and West will perhaps do more than anything else to revive see thtra page following :
ume and
trade conditions in all parts of the country.
The gold shipments for the week amount to only $631,685.
An engagement of $545,465 more was made, but the metal
could not be prepared at the Assay Office, and the shipment
was therefore delayed until Tuesday next. The foreign exchange market continues firm and rates for bills indicate a
heavier gold export movement in the near future.
The money market continues extremely easy, with only a
nominal demand for leans of all classes.
The open market rates for oall loans on the Stook Exchange
during the week on stook and bond collaterals have ranged
from 1 to 1% per cent. To-day's rates on oall were 1 to
1% per cent. Prime commercial paper quoted at 3%@4}£ P©*
oent for endorsements and 4@4% p. c. f of best single names.
The Bank of England weekly statement on Thursday
in bullion of £167,063 and the percentage of reserve to liabilities was 46-33, against 48*10 last week;
the discount rate remaming unchanged at 3 per cent. The
Bank of France shows an increase of 35,150,000 francs in
gold and 775,000 franos in silver.
The New York City Clearing-House banks in their state
ment of May 28 showed an increase in the reserve held of
$16,284,900 and a surplus over the required reserve of
$29,692,325, against $18,004,275 the previous week.
showed a decrease
Differences
1904
28
1902
1903
from
May
May
previous \o**k
May 31
29
116,972.700
133,809,000
Loans A dlsoounts 1.040,483,400 Deo 16,070,100
Circulation......
37,001,600 Ino
621,200
•1,098,963,500 Deo 1,612,600
Ret deposits
Specie
.
223,276,400 Inc 13,2 72,600
Legal tenders...
81,166,300 Ino 3,012,300
109,822,700
129,181,800
922,976.900
44,173,800
913,081,800
164,005,800
73,909,830
83.872,700
106,007,900
885,592,600
31,245,300
948,326,400
172.536,600
76,474,000
deposits
304,430,700 Ino 16,284,900
374,788,376 Deo
403,160
337,916,600
228,270,460
249,010,600
237,081,600
Surplus reserre
29,692,326 Inc 16.688.060
9,645,150
11,929,000
Oii-ital
Burping
Reserre held
16
p. c. of
•$24,877,800 United States deposits lnoluded, against $26,841, 4001ast
week and $37,248,400 the corresponding week of 1903. With these
United Statesdeposlts eliminated, the surplus reserve would be $85,911,776
on May 28 and $19,714,625 on May 21.
Nora.— Returns of separate hanks appear on the preoeding page.
—
$631,685.
To-day's (Friday's) nominal rates for sterling exchange
4 86@4 86% for sixty day and 4 88 for sight.
Today's (Friday's) aotual rates for sterling exohange were
8555 for long, 4 8750@4 8755 for short and 4 8770®
4 8550
4. 8775 for cables.
Commercial on banks, 4 8525@4 8535, and
were
M
documents for payment, 4 8450@4 8525. Cotton for payment,
4 8450^4 8460, cotton for aooeptanoe, 4 8525@4 8535, and
grain for payment, 4 8515@4 8525.
To-day's (Friday's) aotual rates for Paris bankers' francs
5 17%@5 16%* for long and 5 15%f@5 15% for short.
Germany bankers' marks were 95 1-1Qi§95% for long and
95%@95 9-16f for short. Amsterdam bankers' guilders were
40ig^403^[ for long and 40 5163>40 5-16** for short.
Exchange at Paris on London to-day, 25 f. 14% c; week's
range, 25 f. 14% c. high and 25 f. 12% c. low.
The week's range for exchange rates follows :
Lone
-Snort.-Cables.Httrling Actual—
were
1
I
Low ...
I
4
8660
tt
4
8555
# 4 8660
Paris Bankers' Fro not—
High... 16 174
-3 6 18V
Low... |&17»»
* 6 16V
4 8640
Germany Bankers' Markt—
High...
* 964
95'ie
I
Low....
I
96> le
®
95
8750
I
4
I
4 8725
I
6
I
5
I
»»
»
d
4 8765
4
8730
16V »
16V 9
5
6 16«i
954
96%
»
«
96» ia t
96« le
40»i6
•
•
40" le **
15V
I
|
* 4 8775
8746 a 4 8760
4 8770
4
1
1
Amsterdam Bankers' Guilders
High...
Low....
I
I
4(>' H
40V
Leas: *i lt ofl%.
0>
9
40 Vi
40'*
the
la, 1980
registered
Is, 1930
coupon
2s, 1930, a ma.l. registered
2s, 1930, small
coupon
8s, 1918
registered
Is, 1918
coupon
I
40» 1S *
1
40»,
Ms.ofl%. t»«»ofl%. Pins:
Interest
May
May
May
June
June
Periods
28
30
31
1
2
3
'104 s*
•1044
Q— Jan
Q— Jan
Q —Feb
Q —Feb
88,1918, small.reglsteredjQ— Feb
coupon
Feb
Ss, 1918, small
registered Q —Jan
4s, 1907
Q—
coupon Q— Jan
registered Id —Feb
coupon Q— Feb
ft
1044
106
1054 •105
•105«, •105«8 105\ 105»4
106
"106* •106»4 1C6
-105*" 105*" ibs*
ibs"
of 1%.
"»«,oflS.
106
107
182*4
132"8
a few issues have advanced.
The coal stocks have been irregular. Delaware & Hudson
covered a range of nearly 3 points and closes with a fractional net gain. A sale of 100 shares of Lackawanna was at
a price over 4 points below the last previous sale, a part of
which was recovered to-day, while Erie and Reading are
substantially higher than at the close last week. Detroit
-"outhern has further declined, although the transactions in
it have greatly diminished.
Baltimore & Ohio, Louisville &
Nashville and Manhattan Elevated have been relatively
strong.
Amalgamated Copper has been the active feature of the
industrials and declined over a point. American Sugar Refining has been dull, but shows a net gain. United States
Steel issues have been weak on the depressed condition of
the iron and steel industry. Consolidated Gas lost 3% points
of its" recent advance. General Electric lost a point.
For aaily volume of business see page 2325.
The following sales have ooourred this week of shares not
represented in our detailed list on the pages which follow.
Salet
STOCKS
Amer Teleg Cable
Amer Tobacco Co. pref
<fe
.
Detroit City Gas
Nat Enam & Stamping..
Preferred
United Fruit Co
Bangs for Wttk
1°*
Week
,
240 86*4May31 88
100 189 J'ne 1 139
200 70 May 31 70
10
65
17S«J*ne
82
1
May31
J'ne
J'ne
200 109»4J'ne 3 111
3
1
May 31
17»4 J'ne
83
Kange since Jan.
1
May31
MaySl
1.
82 Jan 90 May
130>4Feb 140 Apr
70 May 76»tJan
17 Jan 21 Jan
78 Jan 88 Jan
96 Feb HI May
Ontsld? Market.— Trading in the market for unlisted sebeen on a limited scale this week, and prices,
with few exceptions, have been lower, in sympathy with
the declining tendency on the Exchange. To-day, however,
a firmer tone prevailed. The bond department, while not as
active as last week, continued to absorb considerable attenThe principal feature of this department was the
tion.
Japanese 6s (when issued), the price of which advanced
from 93% to 94%, closing to-day at the higher figure. Cuban
5s (60 p. c. unpaid) moved irregularly between 98} £ and
98%; the last sale to-day was at 98%. U. S. Realty & Improvement 5s (when issuod) rose 4 points to 84, but on
Thursday reacted a point to 83; no sales were reported in
these bonds to-day; the stock (when issued) sold for the first
time on the "curb"' on Tuesday at 48, but later in the week
it became depressed, and to-day got
down to 46. Con-
curities has
Gas "rights"
solidated
the
price
of activity;
led
the stock list in point
declined from 15,% to 15%,
but to-day it recovered again to 15/a; the close was fractionInterborough Rapid Transit
ally below the high figure.
stock lost 1% points, to 111, and ended the week at 111%.
After a drop of a point to 617, Standard Oil shares advanced
to 622, but fell again to-day to 619.
Dealings in Northern
Securities stock have been extremely light, total transactions for the four days of the week aggregating, it is estithe price of these shares
mated, less than 600 shares
fluctuated between 97 and 97% and ended the week at 97%;
no sales were reported in this stock to-day. Greene Consolidated Copper stock was depressed, the prioe declining
;
T]i 19
June
Railroad and Miscellaneous Stocks.—The transactions in
stocks have been on a limited scale, as noted above. Somewhat over 160,000 shares were traded in on Wednesday,
but the daily average has been only about 147,000 shares,
the smallest for many months past. The market has been
generally weak, but declines are fractional in most cases, and
The following were the rates for domestio exohange on
oities to-day: Savannah,
12%o. per $1,000 premium; Charleston, 25c. per $1,000 pre- from U% to 14.
mium; New Orleans, bank, 20@30c. per $1,000 premium;
Outstanding quotations
New York at the under-mentioned
<
M
J
o
M
Q
M
o
1044
106
*105»4 106
w
*106»« "106*4 '107
1907
•133
1324
*132
1925
*132
•132
132»«
1925
•This is the price bid at the morning board; no 11(1 was made.
4s,
4s,
4s,
Wten Ending June 3
Foreign Exchange. The foreign exchange market was
strong this week, influenced by a good demand for remittance and by a scarcity of bills. Gold exports to Paris were
High...
at ruling prices,
will be
found on page
2325.
4
4
'
New York
Stock
4
n
Exchange— Stock
OCCUPYING
STOCKS— HIGHEST AND LOWEST SALE PE1CES
Saturday
May 28
Monday
May 30
Tuesday
May 31
•23
52
Wednesday
June 1
Thursday
June 2
•23
27
•52
55
68 4 69
*52
27
55
68% 69%
23
92
Sales
EXCHANGE
50
•135
'171
140
180
135
'170
6
364 64
134 13%
6% 64
30 4 30
*69
694
105
64
13% 14
64 7
294 294
69
103
120
69
120
134 144
«144 144
50
140
180
50
48
49
135
170
138
140
180
23
55
Arbor
Ann
Do pref
694
924
Atch. Topeka
Do pref
&
Santa Fe.
784 Baltimore & Ohio
914
Do pref
•5%
6
14
144
6
14
7
6%
6%
•6
140
180
'170
7
134
•68
•102
135
120
134 14
*48% 494
Do pref
Chic. Rock Isl'd <fc Pacific
Om.
Chic. St. P. Minn.
Do pref
&
Chicago Term'l Transfer
Do
pref
Chicago Union Traction.
Do
*68
102
14
49
*18
69
69
120
pref
Cleve. Cin. Chic.
Do pref
144 Colorado
L
St.
&
So., vot. trust
lstpf. vot. tr. cfa
Do
49
&
19
19
19
19
19% 18
19
Do 2d pf. vot. tr. ctfs.
152% 153»4 Delaware <& Hudson.,
1534 1534 15341644 1614154
266 2634 '266 2684 2664266 >s 269 269
elaw. Lack. & West'n.
194 194 19% 194 194 194
19 4 194 Denver A Rio Grande
•66
63
366% 65% 664 664 *66
68
Do pref
•15
*17
•16
•17
20
20
20
20 Des Moines <fe Ft. Dodge
*4
4
5
4
4
3% 44
5 Detroit South. vot. tr. ctfs
8
61*8
6%
10
8
61
61%
6%
•64 7
104 10%
22% 23%
*10% 114
22% 234
55% 57 4
33
*56
•70
•40
M
w
K
o
w
M
3
«P
'166
66
33%
34
60
78
41
176
•56
•70
•40
165
•84
•84 104
61% •60
61%
8
57
33 34
60
78
41
175
Do
9
60
6%
•6
10
pref. vot. tr. ctfs
61% Detroit United
54 Duluth So. Shore
64
*9% 114
10
Do pref
23% 23% 234 234 Erie
664 57
66% 574
Do 1st pref
•334 344 •34
34%
Do 2d pref
70
58
78
*50
*40
*160
45
175
•40
165
•54
56
78
•70
45
175
Evansv.
Ft.
<fe
<fe
All..
,
&
Q
O
w
•33
*22
•65
19
36
28
11
61
79
12
*32
36
28
65
22
64%
194 18% 19
374 33
37
37
*124 15
•124 15
B
67
•47
284 284 •28
*96 105
•96
•250 275 •250
•42
•43
50
107 41073, 107
•47
62
•32
36
28
•20
275
50
250
42
250
•42
275
50
107
276
L
Shore
&
Mich. South'
49
74
•120
•40
•80
Do pref
74 Mexican Central
....
7
4
135
55
90
74 74
74 74
120 135 120 135
*40
•75
6%
•120
135
40
40
90
53
90
•76
*614 624 614 61% 614 61% 614 62
118 1194 *115 119 116 120 •116 120
154 164 15
154 15% 154 515% 154
334 334 32% 334 *32% 344 *33i4 33 4
89
894 90
894 88% 89% 89 4 89 4
107 110
107 110 107 110 •107 110
•354 37
•354 37
354 37 «37 37
•16% 18
•164 18
•16% 18
164 164
1144114% 114 114
113% 113% 114-4 114 4
-•25
•244 27
•24
•244 27
28
27
•101
*56
185
101
112
•55
64
187 •185
21% 22
21%
65% 55 34 353%
•80
•80
90
*62
52
55
*85 100
•85
*61
•614
65
112
61
187
22
•101
*55
112
62
•101
•56
18541874
3187
22%
644 353% 53%
22
54
-85
*61
•66
361
90
56
105
65
22
385
•51
•85
62
87
55
105
65
112
62
187
22%
64
90
55
100
Michigan Central
Minneapolis
Do
<fc
S. P.
Do
pref
Missouri Pacific
& St. Louis
Nash.
at.of Mex, non-cum.pf
Do 2d pref
Chatt.
N. Y. Central <fe Hudson..
N. Y. Chic. & St. Louis.
Do lstpref
.
Do 2d pref
N. Y. N. Haven & Hartf
N. Y. Ontario
Do adjustment, pref.
Pacific Coast Co
Do lstpref
Do 2d
61
pref
113% 113% 11341134 113% 113% Pennsylvania
16
•76
•16
•76
20
79
76
•65
•90
60
93
*90
20
79
68
66
56
•90
93
434 43 34
•78
79
*62
63
Ms
2034
63 34
434 444
379
20
79
•55
60
93
•90
'4
•9
36
10
40
36
•9
10
40
'16
19
'15
19
*78
79
63
63
63 4
634
Peoria & Eastern
Pore Marquette
Do pref
Pittsb. Cin, Chic.
Do
pref
Oeadlng, vot'g
&
St. L.
tr. ctfs..
I-Mst pref. vot. tr. ctfs...
2d pref. vot'g tr. ctfs.
204 2U% Rock Island Company
79
*84 10
•34
•15
93
444 44%
43% 444
•77
19
79
•65" *60"
624 624 -614 62%
20% 204 204 204
634 63% 63% 634
21%
04
79
•16
& Western.
Norfolk* Western
1134113=4
*15
*76
St. Louis.
pref
& S. S. Marie,
Do pref
Mo. Kansas & Texas
Minn.
•8
*35
•16
39
20
10
40
20
Do pref
Rutland, pref
St. Joseph <6Gr'd Island.
Do lstpref
Do
2d pref
Jan 22
Jan
Jan
54 Aug 89% Jan
8 1% Aug 103 4 Jan
1
72% Marl. 85% Jan 27
87% Feb 19 92 Jan 28
I
544Dec
41
89
71% Sep
104.
82%J'ly
96% Feb
7 4 Feb
150 Feb
L60 Feb
138% Feb
784 Jan
190 Jan
53 4 Jan
374 Jan
75 4 Deo
29 4
2
12
Dec
25
Aprl4 354 Feu
Feb 24 754 April
Jan 8 94% Apr 8
38 Feb 21 52 4 Jan
1184 Mar
127 Jan
Highest
121
8o]i
Nov
(
]
J
Jan
184
Mar
1384 Jan
29% Jan
90% Jan
85 4 Jan
46% Feb
1834 Jan
1944 Jan
224 4 Jan
250 Jan
2004 Jan
130 Mar 2 2 145 Jan 21 117 J'ly 162 Jan
3165 Apr 28 176 Jan
3165 Nov 194 Jan
870
5 4 May 24 12% Jan 15
8 Aug 19% Jan
1,025 13 4May2" 264 Jan 16 15 Sep 36 Jan
!
8,400
300
100
2,173
2,000
2,770
6,650
200
700
100
2,270
1,400
300
200
625
27,960
6
460
680
1,280
Michigan..
48 Long Island
107% 107
106% 107 >4 Louisville <fc Nashville.
314341434 143% 1444 144 144% 144 1444 Manhattan Elevated.,
77 8 78
78
784 784 78 4 •77
79
etrop. Secur., sub. rec.
1094110
109% 1104 109% 1104 109% 1104 Metropolitan Street
Met. West Side El. (Chic.)
Jan 22 27
Lowest
1'
pref
644 644
C.Ft.S.&M.,tr. cts. pfd
19
19 Kansas City So. vot. tr.
194 19
36% 37% •364 334
Do pief. vot. tr. ctfs.
*12 4 15
•12 4 16
Keokuk <& Des Moines.
*47
•47
62
62
62
Do pref
294 •284 294 •284 294 Lake Erie & Western...
*96
*96
105
110
110
Do pref
Highest
!
Bay<ft W.,deb. ctf.A
Kanawha &
for Previout
Year (1903)
1
Do pref
Worth&Den. C.stmp
Do
Kange
110 Sep
4 Marl: 1214 Jan 2 11 5% Oct
137 64 Apr2S 684 Jan 2 67 4 Sep
12 1544Feb2( L63% Jan 19 53 Oct
1,100 284Marl< 3U Jan 28 274 Nov
1,960 33 Janli 40 Feb 6
184 Sep
110 75 Jan
854 Jan 21 60 Sep
3181 Jan U U82 Jan 14 H70 J'ly
12 t Febi: {135 Mar24 105 J'ly
2,990 14 Feb.
17% Jan 22 13 Aug
834 Feb
86 4 Apr 12 83 4 Sep
300 61 J'ne
71 Jan 23 63 Oct
1,175 234J'ne
31
Jan 21 24 Sep
10,460 1374 Feb 2i 1484 Jan 22 1334 Aug
36 173 Mar 4 180 Aprl2 168 Aug
212 1614Marl l72%Mar29 153 Sep
207 Feb . 217 May26 190 Aug
3136 May 9 2137 Muy 7 132 Oct
925
,
36
28
65
1
.
1,000 109
Terre Haute..
624 *61
32
*22
64
7,660
35
26,450
12,905
Do
deb. ctf. B
61% •61
61% Hocking Valley
*78
784 784
79
79
794
80
Do pref
1294129% 129% 129% 128% 1294 129% 1294 Illinois Central
*16
•15
*15
•164 18
17
17
17
owa Central
63
lor Year 1904
ot 100-share lots
Lowest
27
352
13,900 64
829 87%
Great Northern, pref
Green
61
1
Week
47 4 Urooklyn Rapid Transit.
Buffalo Roch. <& Pittsb'g
•132
132
132
Do pref
117^.
117 1174 •116% i 17
117
117%
4 1174 (Canadian Pacific
66 654 654 65% 3644 64 V * 65 4, 65 4 Canada Southern
-156 160 •155 160 8160 160 •155 160 Central of New Jersey...
29 4 30
294 29% •294 30
29% 29% Chesapeake* Ohio
35% 364 35 4 35 4 364 364 35 4 37 Chicago & Alton
•80 4 824 •804 82 4
*80%
304 804
814
Do pref
•180
*180 .... 180 .... •180
Chicago Burl* Qulncy..
•121 140 •121
140 •121 140 *121 140 Chicago & East. 111., pref.
144 14*61 114 144 144 14
144 14% Chicago Great Western.
*82
•83% 88
•83% 88
•83% 88
86
Do 4 p. o. debentures
•54
•58
61
61
62
62
63
62
Do 5 p. c. pref. "A"..
25
25
25
23 14 244
25%
24
24 \
Do 4 p. c. pref. "B".
139 4140
139 41394 139% 139% 1394 139 4 Chicago Mllw. & St. Paul.
•175^176 U7641764 •1754 176 •1764 176
Do pref
•16741704 •1674171
168% 168% 1694 169 4 Chicago <fe North Western
'135
Range
On basis
Shares
•132
*
01
the
Railroads.
•22
ae
54
69 '4
92 k
7m H-
1
Record, Daily, Weekly and Yearly
TWO PAGES
STOCKS
NEW YORK STOCK
friday
June 3
63%
68%
{924 924 92 4
92 4
77
77%
774 784
4
77%
77%
390% 90% J 90 4 904 904 914 •90 4
46% 47%
46% 46% 464 47 4 46%
115
•115
'1154...
•1154
92
6
..
900
1,100
610
44Feb20
7% J an 4
May24 33% Jan 18
684Mayl.- 80% Jan 22
100 Feb 8 1104Marl4
13 4 J'ne 1 19 Jan 12
48 J'ne 1 684 Jan 2
18 J'ne 3 28% Jan 22
149 Mar 12 168 4 Jan 22
2504 Feb 23 275% Apr 7
18 Mari4 23% Jan 22
644 Feb 2 4 74% Jan 22
19 4 Jan 7 24% Jan 22
3% J'ne 1 14% Jan 23
8 May 31 29 4 Jan 25
61 Feb 25 67 4 Jan 22
e^J'ne 3 104 Jan 2'.
10 J'ne 2 16% Jan 23
214Mayl6 294 Jan 2
55% May 31 69% Jan 2
33 May 1
50 4 Jan 2
67 Apr 20 664 Jan 27
72 Feb 23 72 Feb 23
40 Mayl2 54 Feb 3
170 Marl 7 186 Mar23
72 Mar24 79 4 Jan
11 J'ne 1 15 4 Apr .
60 May24 77 4 Jan 22
77 Marl2 85 Jan
125% Feb 24 134% Jan 2
17 Feb 18 22% Jan
32 Feb 25 42 Jau 14
22 4 May 9 29 Jan
644J'ne 1 704 Apr 12
16 4 Feb 24 21 Jan 21
31 Feb 29 39 May23
104Jan
11
45 4 Apr
7
May 174Jan
May 50% Jan
Aug 99% Jan
3
29
30
66
Dec 119
112
10
J'ly
Jan
314 Jan
444 Aug 72 Jan
Aug 48 Jan
Aug 1834 Feb
230 J'ly 2764 Jan
17
149
Oct 43 Feb
Nov 904 Feb
Sep 474 Jan
7% Aug 20% Jan
14 Nov 39% Jan
18
62
12
Oct
55
90
Jan
Aug 194 Feb
10 Nov 29% Feb
23 Aug 42% Jan
62 4 Apr 74 Feb
44 J'ly 64% Feb
394 J'ly 72 4 Jan
78 Aug 91 Jan
7
31 Sep
160 Oct
73 Dec
10 Aug
63 Sep
77 Oct
125 4 J'ly
16 J'ly
304 Oct
254 Oct
62 4 Oct
I64 Oct
29 Oct
10 Oct
48 J'ly
23 4 Nov
89 Nov
275 Dec
49 Dec
95 Sep
74% Feb
Jan
Jan
27 4 Jan
1064 Feb
994 Mar
151 Jan
48 Jan
77% Jan
47 4 Jan
82% Feb
364 Jan
614 Jan
209
85
19% Apr 12
40 Mar
Apr 12
$55 Apr
100 26 Marll 304 Jan 25
53 Jan
389 Jan 16 293 4 May 24
118 Feb
Feb
2
4
3271%
3271% Feb 24
334 4 Jan
46 Mayl7 55 4 Jan 2
83 Jan
Feb23 111 4 Jan 22
1,970 101
130 4 Jan
3,427 139% Mar 12 1464 Jan 22 1264 Sep 1554 Jan
70 4 J'ly 128% Jan
1,529 724 Marl4 92 Jan 21
5,682 104% Marl 4 124 Jan 2 99% Sep 142% Jan
16 Jan 15 174 Jan 4 17 Dec 38 Jan
45 Mar 9 50 May20 514 Dec 88 Jan
5 Apr 23 144Janll
2,936
84 Nov 29 Mar
31194 Feb 1 138 Feb2t 102 May 135 Jan
100 40 J'ne 3 67% Jan 18 41 Oct 110 Jan
90 Jan 6 94% Jan 21 83 Nov 118 Feb
"630 65 Jan 4 67 Jan 2() 42 Aug 794 Feb
116 May 2 126% Jan 28 1094J'ne 1324 Feb
2,015 14% Feb 24 19 Jan 21
154 Oct 304 Jan
2,030 32 4 J'ne 1 42 4 Jan 22 33 Oct 63 4 Feb
6,910 87 Feb 27 93% Jan 22 85% Aug 115% Feb
1244 Jan 11 85 Oct 133 4Deo
"*30 1014Feb21
34 4 Mar 47% May
34% Feb 25 4
Jan 1
100 15%Feb25 21% Jau H 17 Nov 2S4J'na1,655 112%Marl2 122 Jan
112% J'ly 156 Jan
25 Mayl6 32 4 Jan 2
19 4 Sep 45 Jan
101 4 Mayl2 108 Jan 2
100 Oct 118 Jan
63 Jan 19 69 Jan 2
50 Sep 87 Jan
10 31854 May 19 196 Jan 2 *1874May 2254 Jan
26,348 19%Marl4 244 Jan 25 19 Sep 35 4 Feb
1,340 63 4Marl2 62% Jan 28 53% Nov 764 Feb
88 88 May 6 9o Apr 12 85 Aug 93 4 Feb
51 Feb24 56 4 Jan 22 39% Sep 72 Jan
80 J'ly .00 Feb
25 614 Jan 12 67% Jan 22 504 Aug 76 Jan
25,475 1114 Mar 12 123 4 Jan 27 110% Nov 57% Jan
17 Mario 234 Jan 22 J 5 J'ly 39 Jan
75 Feb 24 81% Jan 23 74 J'ly 914May
May31 368 May31 374 Dec 76 Sep
7 368
100 55 Apr 20 66% Jan 22 55 Sep 94 Jan
90 April 98 Jan 22 90 Oct .16 Jan
47,670 38% Marl4 48 Jan 25 37 4 Nov 694 Jan
Jan 25 73 Sep 89% Feb
14 76 Mar 1 81
500 55 4 Feb25 66 Apr 14 55% Nov 81 Jan
8,130 19 4 Marll 27 4 Jan 22 19 4 Aug 53% Jan
68% Jan 22 55% Sep 86 Jan
1,900 57% Jan
30 Apr 22 38 4 Feb 9 30 Aug 72 Jan
9 Mario 14 Jan 23
7 Oct
154 Jan
35 MaylT 45 Jan 19 32 Oct 58 Jan'
16 Jan 8 204 Jan 19 13 Oct 24% Jan
52
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bunks
Bid
NEW YORK
America^ ... 490
Anier Exch..
Astor
Boweryli
Butch' scfe Dr
Century^
Chase
750
325
140
170
600
Chatham
320
Chemical
4000
Citizens' Ctrl tl47
Ask
510
232
825
Bunks
Bid
175
Columbia
400
'1
..
375
340
4100
Discounter... 150
East River.. 150
Federal J
FldeUtyTI .... 180
Bid
Banks
Ask
14tkStreetff. 300
210
400
165
200
Greenwich
HamiltonU
270
350
158
Gallatin
Gansevoortll
Garfield
Hanover
11
..
175
Banks
Bid
JeffersonTJ... 142
200
380
140
500
German Ami: 155
German Ex1| 375
Germanial] .. 600
Fourth
Commerce..!) t208 4 210
Consolidated 150
160
CrnExchge^ 340
155
180
Ask
Coal & Iron. 165
Colonial 1| ... 450
500
950
Lincoln
Ask
147
530
1050
Maiden Lane 105
Manhattan1|. 310
165
Market cfeFul 245
Mechanics'
.
Nassaull
New Amster
New York Co
NY Nat Ex.
New York...
19th Ward!].
t24«J4
& Tra' 125
Mercantile .. 233
Merch Exch. 160
Merchants'.. 175
Mech
330
255
Banks
130
238
170
185
North Amer.
Northern
115
Oriental^]
220
500 525
Imp & Trad. 550 570 MetropH
375
Park (new)..
City
Irving
218 223
MtMorrisll.. 215 230
People's^]
12604 (261
* Bid and askedpnces; no sales were made on this day.
{ Ei rights.
3 Lass than 100 shares.
a Ex
1| State banks.
h Assessment paid.
t Trust Co. certificates.
t Sale at Stock Exchange or at auction this week,
Fifth AveU.. 3600 4000
Fifth
300
First
600 619
Bid
280
180
410
1500
190
280
150
200
Ask
Bid
Banks
Phenix
102
525
190
Plazall
440
Prod Exchll
210
290
250
Seaboard
600
Second
600
Shoe& Leth. 130
800
State'J
Riverside^
205
165
..
155
465
34th Street.. 198
12th Wardi;. 120
23d Wardi.. 125
Union Exch' 160
270
290
United
230
260
dividend and rights,
90
b
Ask
112
650
175
280
145
204"
166
100
New stock.
5
..
.
1
—Concluded—Page
Stock Record
2320
STOCES— HIGHEST AND LOWEST SALE PRICES
Monday
May 30
Saturday
May
34
.
**>
Wednesday] Thursday
June 2
June 1
2'u«Sifay
Jtfav 31.
STOCKS
Sales 01
NEW YORK STOCK
Friday
June 3
the
Fr.JPM&CoctLs
•60
72
Do 1st pref
72
43 'a
42 k 42 k
Do 2d pref
44k
•169
103
C.<fc E. I.com stock tr oti 8
k
159 k iea •169k 163
St.
k
Louis
Southwestern..
10
11
ilk
9 k 10
10k
k
10k
2 3 ',
Do pref
28
26% 27 k 27% 28
26k
45 k
45 k
k Southern Pacific Co
45% 45% 45k 45 k 4:.
19 k 19*4 southernv.tr. cfs. stmped
19% 19%
2U
20
19% 20
a
•82%
82
82
Do pref.
83
do
83
63k
883
83
4
•91
93
M.<fe O. stock ir. ctfs..
•90
9 a la •90 k 92 k •90k 93
20'j 20 k 'Pexas <fe Pacific
20 '4 21
20 k 20 k •20 k 21k
I hird Avenue (N. Y.I..
'110
120 •116 120 •110 120
110 120
'18
•18
•18
20 Toledo Railways <fc Light
20
20
18k 18k
23
23
23
23
Tol. St. L. <fe W. v. tr. ctts
22
22
22 k 23 %
37
36
36 k
Do pref. vot. tr. ctfs.
837 >i 37 k
30
36k •35
•94
94 k
94 k 94 k •93 k 94 k Twin City Rapid Transit.
94 k 94
159
Do pref
82% 83% 82% 83 k 82% 83 k 82% 83 Union Pacific
•91
92
Do pref
91
91'a 91k
91% 91k 891
73
44k 44 7
»169% lea
•00
43 k
6u
,
*60
43
70
1
•1 .">
:
'
.
15k 15%
33% 33k
>15
16
k 15 k
32% 33%
10
15
43 k 43 k
25
16 34 16 3 !
42
•23
23
•7
9
44
16
45
16
33 k
UnitRys Inv't of SanFran
33k
14k 14k
15
42
23
42
•21
228
"225
Do
*15% 16"j
33 k 33 k
•14
'41
42
24
Do
pref
Wheeling
15
45
24
•21
pref
Wabash
&
49%
16k 16%
51
•225
49
28
'27
28
• 22
*175
6
28
190
•22
•175
28
190
•5%
•3%
6
*3%
4
10
»6%
•15
*20% 27
•7
7k
7k
*80
W
K
Q
K
3%
4
16
*G
•3
:
17
k
6 34
4
20k 26 k
S
w
Q
H
o
r<
o
•5%
7
•48
*2S 34
49
no"
64
12
204
to
"5
•48
29
29%
*
......
10
202 k 204
205 %
111% 112 112k
10k 11
*10k Ilk
*00
•66 k
70
•20
22 k •20 k "22%
155% 100 •155 156
•10 k 11
•10 k 11
•65% 66 k •00
67
31% 31 3 *31k 32
235 k 35%
30
30 k
Jill
8
O
*5
7
51
29
64
.
48
*
*28 34
7
*5
7
50
•48
50
112%
10%
28%
29 k
64
10 k Ilk
202 k 204
112% 2113 k 113
2L0k 10 k
10<f,
293,
64
10
200k 203
9
*
"
60k 60%
520
155
American Express
American Grass Twine
Amer Hide & Leather
10 k
10k
32
67
32
Do
Do
Do
155
*10
Relin'g.
pref
Refljiuia
pref
pref
Anaconda Copper
Brooklyn Union Gas
ruusw. Dock & C.Imp'i
Buttenck Co
Colorado Fuel
pref
C Do
&
Irou...
>
& Hock. Coal & Irou.
Consolidated Gas (N. Y.).
Col.
Continental Tobacco, prel
Corn Products
Do
pref
Distillers Securit's Corp.
General Electric
10 k International Paper
67
32%
Do pref
International
Power
*16k
•70
25 k 25 k
95
95
'24k 25 k
•67
68
210
•J6k
18
76
*74
76 34
0k
6k
6k
0%
:
0%
77k 77 k
•35
37
•80 4 84
*S0k 84
•%
1
33 k 34 k
•26
27k
1
•33
•25
34
27 k
1
33 k
25
4
25
L>5 34
JJaciiic.
0%
VDo
6k
§15
•75 k
7
42
•100
42
1U5
6k
'100
6k
6k
6%
6%
60 k 01
10
16
a;06% Oil',
9
105
*0k 6 34
esok 80 k
*79k 80
6k
59% COk
•15% 16
•65
66 k
8% 9
0'*
54',
63 k
*20% 20 '4
53
25
100
I
100
63 k
26
100
pref
Republic Iron
Do
&
Steel
Rubber Goods Mfg
77
Do prof
Closs-Shelliohl St.
Do pre!
•34% 36
*80k 84
O
25
200
201
Do
fl
1
1
1
<
1
•200
23 k
Febli 130 Jan 25 117k Oct 109 Feb
Jan 4 12kJaull
7 k Oct
14% Feb
Jan 25 75 k Apr 11 65 Oct 80 Jan
61
Feb 20 80k Apr 12 58 Oct 125% Feb
185 Marll 2.7 May 11 170 Sep 225 Jan
6% May 24 7 Jan 20 5 Oct 15 k Jan
47%Febl9 49% Mar 7 40 Aug 55 Jan
450 25 k Marl
34k Jan 27 24 Nov 82% Jan
05 Jan 27 05 Dec 122 Jau
03 Apr
9 J'ne
10% Jan 20
9 k Nov 22 k Feb
1,070
210kApr2o 164 Aug 222 Jan
18,307 185 Feb
720 101k Jan
112kJ'ne 1 94 34 Aug 119 Jan
9% May
22% Jan 25 15 k Nov 35 Mar
1,120
593 65 Mar
74k Jan 23 60 Nov 85 k Jan
99 20 Maylti 20k Jan 21 20 J'ly 34% Jan
Goo 152 Mayl3 179k Jan 23i 136 Sep 204 Feb
9 J'ly
19% Jan
150 10 k May 20 14% Jan 25
04k Feb 9 07 J4 Apr 5 57 k Nov 74 k Feb
"406 20 Mar
32% J'ne 3 23 Nov 73 Jan
910 31 Jan 2 40 Apr 7 28 Dec 40 k May
7 Ik Feb 9 78
Apr 7 70 Oct 89 V Jan
S
Apr IV
6kMar2J
6k Sep 13 May
Mar.'.v 39
Oct 47 \ Feb
30
45
735
Jan 4
25 100% Jan 10 107k May 14 04 Oct L06% May
3,500 14% Feb 25 19% Apr 14 10% No* 29 k Feb
2. ,7
80kJau2n 9lk J'ne 2 75 Oct 95 Feb
300 120 Feb 25 139 34 Jan 22 105 Oct 177 Jan
400 SO Mar 12 90 Jan 26 05 Sep ._[' Jan
17
Aug 42 34 Jan
3 i'.i Jan 18
200 2 4 Feb 2
87 34 Sep lllS'. Feb
,035 92 34 Marl-.' 102% Jan 23
150 24k -May 10 33 Jau2s| 22% Nov 65 34 Jan
07 Maylb 72 k Jan 28 02 k Nov 95 Feb
""26 209
Mai'14 219k Jan 22 196 J'ly 235% Jau
16 .Mas- Is 24 k Mar 2 16 Sep 37
Feb
3
"Too 71 4 Marli 78 Jan 4 67 Nov 90 Feb
6 31 ay
5% Nov 22% Feb
8% Jan 25
1,316
Maj L3 4 Ok J an 23 36 34 Nov so% Feb
1,425 37
40 14 34 Apri: 22' 4 J an 27 12 J'ly 30 Feb
9 4 Apr 4
t a4 .Jan 15
HO J'ly 84 k Feb
30i
41 34 Apr 12
100 3J k.ian
22k Oct 72 Feb
7
67 Nov 97 k Feb
Jan 6 84 Apr
6 k Feb
% Sep
'i Mar 4
1% Feb 24
1,150 3l%Mayl6 41k Apr 7 25 k Nov 68% Mar
200 25 MaylO 29 Jan 22 22 Aug 40 34 Jan
4 Mar 22
5 k Jau 2
4k J'ly 15 Jan
45 Feb 24 58 k Jan 4 5 34 Deo 79 34 Jan
Sep 16 Feb
Jan
21
6
May
10
Ok
250
8k
200 40 Ma r2 4 40 Jan 22 33 Nov o;> Feb
100 Feb 24 110 Jan 25 95 Aug 1 50 k Feb
8' 4 Jan 25
OkMay27
8 Sep
750
L5V Feb
000 75% Jan 4 Su-<4 Apr 18 71 kOct 96% May
5 k Jan 15
4 Dec 28 k Jan
8,120
9% Jan 21
Jan 14 03% May23 30% Nov 73 Jan
6,5110 40
,0
10 k Feb
7 J'ly 19% Feb
1 8 k M ay 4
41 Jan 4 68 k Apr 29 30k J'ly 58 Feb
4 20
Nov 39% Feb
12%
10
Jan
2
8% May 13
8,760
62 k Apr 7 49% Nov 89 Jau
44,028 51k May
17% Sep 00% Feb
2,225 23 k Api 10 3 4k Jan 25
320 97% Apr 16 100 k J an 20 80 Aug 128 k Feb
20 Apr 20 20 Apr 20 17 Sep 39% Feb
5 k Dec 33% Jan
70 Sep 81 Jan
6 J191 J'ly 249 k Feb
J 203 Apr 20 }212 Jan
80 k Sep 93 Jan
994 85 May 19 89 U M ay
500 153 May 2 173% Jan 21 130 Oct 221 Jan
1180 Apr 21 194 Jan 19 100 Sep 224 Jan
(
pref
U. S. Cast 1. Pipe & Foun
Do pref
•100 105
100 105
United suites Express...
J
6k
6k
50%
4 United Stales Leather
280% 80 k 80
80
Do pret
6-1
6%
6k
0% U SRealty<feCoustructic>n
60
60
Do pref
69k 59*4
15*8 16%
16k L6k United States Rubber..
65 k 05'.,
65% 00
Do pref
«% 9
8% 9 k Umtod States Steel
52% 53% 62% 53 34
Do pref
23% 2 k 23 k 4 Virginia-Carolina Chem
5100 100
lOOklOOV
Do pref
Virginia Iron Coal <& Coke
200
Martil
23% Feb 16
May 6
1
Union Bag & Paper
200
86
30
84
,
pref
W'ells, Fargo & Co
.sO
86% 86
so
SliW;
esi'n U 111011 Tele'gpli
BfJVj
155 k *163&j 1.55 k *153k 156% 150 k 150 k Wost'gh'seELfc.M Igassen
•175 200
'17')
200 •175 200
Do 1 Bl prel
20(1
1
:i
Iron
Vulcan Del inning
•200
80
165
:,
Nov 48kJan
10k Oct 31 5 Feb
67k Oct 95% Feb
2%Ma\25 4 34 Jan 22
2 k Mar
5 k Feb
220 10 J'ne 3 22 Jan 14 14 k Sep 24 k J an
Mavol
53 k
30% Oct 52% Feb
26,790 40 Feb".
97%J'ne 2; SO k Oct 99 V Feb
10,830 88% Jan
70 110 Jan 21 120 Febvji 90 Aug 120 Mar
100 85 Jan b 91 Jan 13 80 Sep 98% Jan
10,605 122 k Mar 7 131% Jan 25 107kOct 134% Jan
Jan 4 127 May 13 116 Aug 123 Dec
5 123
22 k J'ne
10 k Jan
75 k Jan
i
&
1
Standard Rope & Twine..
33 \ I'enn. Coal. Iron A BR...
27 k Texas Pacific Laud Trust
*a4
3.ik
:ik
10 MaylO
67 Jan
27 34 May23
1
.
pret
15
Do
7
Mail
eop.
.
•37% 39
*77
78
35
33
•80 k 81
»3
20
*08% 77
Ok
33^
•24 k
$j.j 34
Gas-L.A C. (Chic.)
25 k 25 k Pressed Steel Car
*07
08
Do pret
210 212
Pullman Company
•16k 18 IJailway Steel Spring..
837 k 37 k •37% 39
-14k 16k *14k 10
37 34 38
810 k 16k
77 k 77 k
•35
37
Uoo
212
18
34
•72
25% 25 k
95
H!>
225 k 25 k
'07
68
8310 210
«lOk 18
70 k 70%
May] 2 2204 Jan 235 Feb
Feb 8 52k Apt 8 33% Oct 75 <% Mar
21% Jan 27 17 k Nov 41 34 Jan
74 4 Apr 7 60k Nov 93 Jan
32% Jan 25 25k Aug 46 k Feb
89 Jan 22 90 Feb 9 82 J'ly 98 Feb
23 Mar21 25 Jan 15 24 Nov 41k Jan
Feb
180 J'ne 2 J 197 Jan 27 171 Aug 235
5 k Jan 19
8% Feb 15
6 J'ly 29% Jan
2 k Oct
llkJan
2% Jan 5 5k Jan 27
Ilk Jan 5 18 34 Apr 8 10 Oct 37% Jan
4 Oct
11% Jan
6% Mai'24 9k Jan 2
24%Mar24 30 k Jan 4 16% Oct 42% Jan
5
7 J'ne 2 12 Jan 22
J'ly
19% Jan
4
1
34 k Internat'l Steam Pump.
-70
78
78
Do pref
•7
•7
10
10
Manhattan Beach
44 4 44 34
214% 44 National Biscuit
*105 100
Do pref.
1 104% 105 k
19
19 k
19
19
19% 19* 19 k 19 National Lead
•89% 92
91
89% 92
oik *90
92
Do pref
*125 130
'125 130
•125 135
130 k 131 New York Air Brake
81
81
•80 k 82k
•80% 82 k North American Co., new
80 k 81
•25
20k
95
95 "4
*24 34 25'.
•07
0,3
• 210
212
58,020
1,300
100
20
500 121
10
300 09
.
155
*00
32 k
35
<fe
Amer. Teleph. & Teleg.
American Woolen
Do
>
I
100
loo
100
soo
230
460
250
200
800
pref
American Sugar
220% 20%
35
70 78
•70
78
•7
•7
10
10
41% 413, 44% 44 34
*105%
105
10534
•105k
'4
:1
Mi
..
American Snuti
Do
!
2220 Feb 2 226
pref
Amer. Smelt' g
65k 66
20
155
*66
1
De pref
6% American Ice
Do pref
19
210
16
16
17
*10k
52 k 63»a
52% 53k 51% 53 k 51% 52%
90% 97 k 90 34 97% 90% 97k 97% 97%
U19 119 •112 120 112 120 5120k 120 k
*89 k 90
•89 k 91
90
90
*89k 91
125% 120
125k 127 k 126 127% £125 125
•124
125
*123%
127
*126%128%
128
S125
k
125 k 125 k '124 125 k •124 125 k
*10
11
*iok 11
*10k
'10k 11
•73 k 74
74
74
74
74
74
74
•73
70
•70
*70
70
75
76
76
*209 220 •208 220 *218 220
208 220
o
1
iHisccll
•22
4
19
J'ly
1
26 k 26 k
n
t>
&
7
7
20% 7 American Linseed
23
31
23
Do pref
18% 19 k American Locomotive...
18k ISk
•80% 82
*80k 82 k
Do prof
*2k 4
*2k 4 American Malting
9
1
16<4
6%
7
*4
186
k
•3%
16%
-5
Highest
90 k> Feb
3 70
Aug 88 Feb
Jan 28
?61 Mar
39 Dec 78 Feb
1,600 39 k Jan H 49 k Jan 23
150 Jan 9 167 Jan 23 148 k Sep 170 J'ly
2,010
9kJ'ne 1 10 k Jan 22 12 Aug 30 Jan
36% Jan 23 24 Aug 66 Jan
6,270 25%J'ne
52'4 Jan 27 38% Sep 08 k Mar
11,855 41k Marl
2 k .Ian 2 7
6,715 18k Feb 2
16k Oct 30% Jan
370 77 k -Ian
86k Jan 22 69 k Oct 96 Fob
90 Feb 25 92 Jan 20 85 J'ne 96k Mar
20 k May 31 27 34 Jan 2
i
20k Aug 43% Feb
115 Marl 4 124 k Jan 13 100 Oct 128% Jan
22
J
an
2
1 7 k Oct
37% Jan
"loo !8kMay3]
860 2lkMay27 29 k Jan 23 15 Sep 31k Jan
995 32 Feb 24 39 k Apr 25 24 Sep 48 Jan
200 87 k Feb 23 95 34 Jan 21 79 Oct 122 k Jan
155 J'ne 2159k Dec
Marll 90 Apr 4 05 34 Aug 104% Jan
24.150 71
511 xsOk 8*6025 94 k Apr 6 83 k Aug 95 k Feb
9
Feb 17 12 Jan 15
9 Dec 22% Jan
300 42k Apr 19 47% Jan 22 35 J'ly 64 k Jan
600 15 May 16 2D»4 Jan 27 16% Oct 32 34 Feb
l,75i
Feb 24 41 Jan 25 27 k Sep 55 k Feb
S2
oil
19 k Jan 22 12 J'ly 27 k Feb
14k I'ne
401
Feb 2
52 34 Jan 22 40 k Nov 62 May
42
100 22 Feb 24 29 s4 Jan 27 20 Sep 38 k Feb
14 k Oct
29 k Feb
101 16k Jan 4 21% Jan 2i
33 Nov 55 k Feb
400 38 Jan 4 47 % Jan 2'
Express
27 k American Cotton oil
88 34
Do pref
28 American Dist.Telegrapl.
80k
•22
178
3%
15k
•80k 82
4
17
7
22
82
*2k
27 k
'80k 88 34
•22
28
ISO 180
•5k 7
k 22 k
18k 18k
29 k
*18k 20
*27
•27
6% 6 34
26 k 27
7k
*22
Adams
228
<fe
27
*15
•225
49
228
Loujest
50
08
'i.
49%
malgamated Copper...
49% 48% 49%
16% 16%
10% 1 6% American Car
L6% 16k
Foundry
-69 k 71
70
70
Do pref
*09k 71
*0Hk 71
J
Erie...
Do lstpref
Do 2d pref
Industrial
228
'225
Highest
Lowest
'1
Lake
•16k 17k 16k 17 k *16k 17% Wisconsin Cent. v. tr. cfs.
•37 k 39
37 3 » 39
38% •37k 39
Do pref. vot. tr. ctfs.
38
Lxxvm.
Kange tor Previous
Range lor Year 1904
Year (1903)
Hi basis oHOO-share lots
Week
Sha rex
EXCHANGE
St. L<fc3
[Vol.
2
206
I
;
1
i
'J
BANKS AND TRUST UOMPANIES— BROKERS' QUOTATIONS
Itlllllis
Hid
Waan.H'htal 200
West sideli 500
York\
.
A Ik
liuiikn
Biti
'1
:ililll.ielrs'.
.Mechanics',
Mci chants'..
.
.\
assau
Nat City
BKOOKl.y.N
North
side',,.
I'ooplc'sli
Boron gli|
Broad wayTJ .
150
300
Brwvklynj .. 130
Cou'yI&BBIi 140
First
*
1
A Sic
Trust Cos.
BBOOKUH
360
290
230
a
Unlonfl
Wallaboutll
1
305
210
C'IR'tyBATr 500
Fifth .u e
k
5
1
5
Central Tr'st 1930 1960
<:ny Trust. .. 205
180
Colonial
2 05
302
Oommonw'tb SO
90
BE Mtero Tr..
158
104
Empire
300
KquitableTr 650
Bid
Trust Co's
Ask
Exchange Tr
Farm Lo & Tr 1350 1400
<
1
190
50
150
ASlC
CITV
ilankors' Tr. 280
Bowl';
200
BroadwayTr. 142
115
17tli WardH. 150
Sprague
200
Stuyv't HtHl
N. Y.
850
210
Rid
530
Guaranty Tr 576
Guardian Tr 165
Knick 'rb'k'r 900
Lincoln Tr... 360
Manhattan .. 475
Mercantile .. 975
Merchants'.. 200
Metropolitan 000
MortouTrust 880
1
1
560
175
:>oo
1025
220
010
895
390
roe
Hid and asked prices; no sales on Hits day
t Loss tuau 100 shares.
? tCx riguts.
U J. f. Morgan
Sale at Stock Exchange or at auction this week, o Kx stock dividend, s Trust Co. oort.lUoa.tes.
.
',|
*
Trust Co's Rid A Sic
Mut. Alliance 200 220
N Y LitivfcTr 1000 1O30
\ V Sec * Tr 600 610
North Amer. 250 255
Keal KstTr't 325
StandardTr't 325 340
Tr Co of Am. 230 240
Union Trust 1350 1400
USMtgATi 376 400
Unit States
1450 1480
VanN'denTr 195 200
Washington, 390
Windsor
180
Trust Co's
Bid
Ask
BROOKLYN
Brook yn Tr 390
190
Flat bush
320
Franklin
290
Hamilton
400
Kings Co
200
340
300
L
290
I
si
L&Tr.
•
250
.
326
People's
Williamsb'g. 235
350
245
Co. certificates.
Banks marked with a paragraph
(H)
are State banks
4
J
4
New York
S
1
1
Exchange—Bond
Stock
1
7
1
4
'
Weekly and Yearly
Record, Friday,
OCCUPYING FOUR. PAGES
BONDS
stock exchange
Wehx Ending June 3
n. y.
U. S. Government
2s consul registered. (11980
U 2s consul coupon
dl930
U 2s consol reg small. .dl93o
U 2s con8olcoupsmatl.(il930
/d91^
V 3s registered
/cl91s
U 3s coupon
US 3s reg small bonds. .fcl91s
U S 3s cou small bonds. .fcl91S
A 1907
U S 4s registered
711907
U 8 4s coupon
1925
V S 4s registered
1925
U 8 4s coupon
Philippine Islands land pur1914-34
0liase4s
V
S
S
8
S
S
S
Price
Week's
Hange
Friday
June 3
Hange or
.since
Last
1044105
Q-J
105
o-j
May'04
lUO^ Mar'Ol
105
105
105
107
0.-E
U-F
105 3
105
106
107
y-j
H-J
!
1084 100 a4
1H5'i 107 J ».
100»4 108 '4
JfiiVlil
Q-F
Q-F
110
'4
105 ab 106 a<
105 a4 108
J in 11.
Mav'0.1
107i*Mav IH
l32%May'U
132%) 133
1324133 4 132^ 132
'.,
lo:.
I05 a4 10(5'., lll.'.-V May'Ol
100 106 a4 loii'iMay'ol
U-F
3-F
lo7
106 '4
108
107
107'-.
I
1
42 -VI 32 *
1824 134
-.
lll a4 Mar'01
U134
Hl 34
Foreign Government
95
Fraukfort-on-Main 3 4s ser 1.. M-S
These are price s on the Oasis o>
1891'
y-j
of
£
U S of Mexico s g 5s
i hese are pi
State Securities
j-j
190t
1024
Alabama class A 4 to 5
102 4
Class B6s
1901 j.j
19Ut» j-j
Class C 4s
192ii j-j
Currency funding 4s
1924 K-A 119
Dlst oi Columbia 3-05s
Louisiana new consol 4s. .191 J-J 104 'e.
Small
Missouri tundiug
1894-1990 J-J
North Carolina consul 4s. 1910 J-J
.
6s
Be Carolina 4 4s 20-40
19
A-O
1933 J-J
Tenn new settlement
B5>9Feb>02
marki
99 May 04
ices
n lac u
J-J
Snial 1
Virginia fuud debt 2-3s... 1991 J-J
6s deferred Brown Bros Otto.
4
^o tu
hi
Ji.
102»< 102 34
09 '4 Oct 'tin
102 'a Mai •02
ill
Mar 'O'J
121 Mar
106 Apr
09 4 I'eb
I
192
Feb '04
I3i»ia
J'ly'Ol
120
Mar'Oi
102
96 34 May'ol
102
yo'4
Si
96 3 4
'.I3'-Nov'o:-S
92 4 Mar'01
O'aMay'O-l
l
C',
91 »a
"92^
6>a
6 a4
Railroad
Alabama Cent See So Ry
laba Midi See
Albany cfc Susq
At Coast Line
bee
i)el a-
Jim;
Allogheuy Valley See Peun RR
Alleg cfc West See Bull K cfc P
Am
Dockcfc lin
6eeCeutofNJ
Ann Arbor 1st g 4s
/tl995 Q-J
93 x4
AtchT S to gen g 4s... 1995 A-O ioi^Sale
9234
1
92 34
101
101 34 25o
1
101 >a 101 \
*99's
91i4
91i 4
91'4 Sale
1
'04
82 »a Jan
"*6
89
89 >s
88^4
9J
93 \ 9312
93>a 16
cfc
1995 A-O
Be gistered
Adjustment g 4s
Nov
A1995 Nov
A1995 M-H
/11995
Registered
Stamped
East okla l)iv 1st g 4s. .1928
Cine cfc St Louis 1st 0S..1915
Atl Knox cfc Nor 1st g 5s. .1940
Atlantic Coast 1st g4s.A1952
Charles cfc Sav 1st g 7s. .1930
Sav F cfc W 1st gold 0S..1934
1st gold 5s
1934
Ala Mid 1st gu gold 5s 192s
Brunscfc
lstgug4s 193b
Sii Sp Oca <fe G gug4s 191b
Atlantic iV- Dauv bee South Ry
Atlantic cfc Vadk dee South Ry
Austin cfc N
/S'eeSouPaciht
Creek cfc S See M ich Cent
Bat
alt cfc Ohio prior 1 g 3 4s. 1925
Registered
A.1925
W
M -s
98 7S 10l 34
99 101
v?'.! 92
82 4 82 "a
87 H. 92
92 '4 93 S.
S.-
>/i-s
J-D
114 'a Oct '02
95
95
107^4
MS
H5
J-J
A-O
A-O
M-N
Sale
135
124
125*8 NoV'03
i\2\
11 2 »8 J
n\
J-J
95
'04
'04
91
W
Gold 4s
Registered
/il048
J-J
y-J
9534 Sale
A-O
101A4 Salo
pl925
PLEikWVa
cfc
Co
92*8
92>4
100*4
05 34
95M
102^
100 101 \
97
98
87 >a 89 34
0.-E
95^ 95 4
100 58
MS
98
Sale
9C2
Beech Creek See N Y O cfc H
cfc Car
See Illinois Cent
Bklyu cfc iMontauk See Long 1
Brans cfc Weat See Atl Coast L
Buffalo N V cfc Erie See Erie
BuUalo R cfc P gen g 5s.. .1937 M-S
All cfc West 1st g 4s gu.. 199b A-O
CI cfc Mali 1st gu g5s
1943 J-J
92"a
87 4
97
914
105 4105'
108 108
119 'a 122
98
98
105>aMar'o4
108
108
1 1 9 !a Mar'04
98
98
10O l4Feb'O3
108
certfs
96
91ia
90 34
90^4 J'ly'Ol'
91*2 Sale
n
SI
2
-
4sl941 M-N
l
45
5'
101
100
100
98 Apr'04
89 l4May 04
96^
Sys ref
Soutlnv Div 1st g34s... 1925 J-J
Registered
/(.1925
Mouou Riv 1st gu g 5s. .1919
Cen Ohio R 1st cg4 as. .1930
Pitts Clev & Tol 1st g 6s 1922 A-O
Pitts cfc West 1st g 4s. ..1917 J-J
P
101 4
/(.194b y-
Registered
9534
95^ May'04
Conv deb4s
1911 M-S
PJuiicfc M Divlstg34sl925 M-N
J
95
Belle v
Roch
cfc
Pitts 1st g bs.,.1921
& Southwest
1
15 is May'04
FA
118
120
121^ Mar'04
120
124.
12141214
121 4 124
May'04
See Erie
Bull <fc Susq 1st ref g 4s.cil951 J-J
Registered
dl951 J-J
99 *4 Sale
99 14
99
97
4
Bur Cedar R cfc No 1st 5s. 1900 J-JJ loi^e
IOII4 103 4
Con 1st col trust g 5s.. 1934 A-O 116 34ll8 3e 115°8 May'04
3
A-O
Registered
1934
116
120'aMar'Oo
CR 1 FcfcN Wlstgu5s.l921 A-O 109 ia4
118 Jan '02
31 cfc St L lstgu g 7s
1927 J-D
cfc
Cianada South 1st 5s
190b J-J
'2d 5s
1913 M-S
Registered
1913 M-S
Carb <fe Shawn See 111 Cent
Carolina Cent See Seab Air L
Carthage cfc Ad See N Y C cfc H
ll»4 s8
J -I)
90^
Ced R la F cfc N SeeBUR&iN
Cen Branch LI Plstg4s...l94b
Cen Branch Uy see .Mo Pac
Ohio
Cen HKikBofGa col g 5s 1937
Cent of Ga RR 1st g 5a..pl945
Consol gold 5s
1945
Registered
1915
1st prel income g 5s
pl945
2d prel income g 5s
pl945
See Balti
Salt
6
47 102 4l04°s
105"8 May'04
107 Aug'03
101=sl074
92!aMa5'04
91
7
104-V
104'e
I0o^
4 994
1014 103
1154117
:,
Central Ohio
'a
117
Apr '97
103
1922 J-D
Consol 1st g Os
BuUalo
U5i8.
924
90
cfc
M-N •104^
F-A 117-a
.M-N
-M-N
Apr '01
no's Mar'04
106-4 107
Oct
Oct
3414
106*8 108
108
"a
74
35
S
IU« 8 10736
105 >a Sep '01
74
74
35
35
1164 118
23
103 34
109 7
26
65 3
76
28
363b
4
6
LaCrosse & D 1st 5s
Mineral PointDiv5s
So Minn Div 1st 6s
Southwest Div 1st Os
Wis& Minn Div g 5s
181
,
4
92
1"4
104
128
1..2
4
1114 113
102
100
102
loj
107
108
Apr'04
108
10
1104
1154
IIo'k May'04
3al<
M-N
M-s
M-S
1044
Sale
J-J
J-J
J-J
107
10l=8
M-S
M-N
A-O
ibs"
1014
4
12741304
Apr'04
113
23
18
92
111
102 Apr'oi
100 4 100 "a
1154
.
78
l
4
1154
Apr'04
104>4
101
»
8
964
97 V
97
106 4 Oct '02
90 «s Deo *0s
83 '4 May'04
79 \
79
79
ho 34 Apr '02
a
Apr'oo
104 4
FA
FA
100*4 101
93
93
92»<
904 Apr'041
A-O
A-O
M-N
M-N
'l
1094
1034
109',
Sale" 193
105
104 4
114 Sale
105^
129 4
J.J
70 11434 11s
113 1154
4
1
May'04
May'04
Apr'04
101
»4
lo-l
Deo '03
Feb '04
2
744 80
99
94
90 4 91-4
109 34 lc'4
21 '.1104 102 4
5 103 4 10634
106 4 Apr '04
115
115
105-4 105
129 Apr'04
105
129
May'04
J'ly'03
112
175
108
108
175
Sale
1104
.
984
1 1
1
5
6
112'4 113
1'is
108
169
109
175
110-\
May'04
Dec'02
May'04
97
4 9s4
Api
116
1104
1074 1094
'04
1
1
iY.Vv,
118
106
169
106
169
106
169
IO6-1 107
109 a4 111 4
114 1154
.i
127*8
1144 117-4
127 4
1--7-4
1024 loo
102-4 May'04
102-4102-4
96 4 '•'94
96
103
4 May'04
1114
l
IO84
106
104 a4
126-4
1184
11734
142 4
13134
103
109
131
131
1034
M-N
J-J
J-J
12334 125
122 4
103 4 Sale
J-J
J-J
M-N
1910 M-N
1915 M-N
1916 M-N
96
934
93
92
68
1918 M N
4s. .2002 M-N
Registered
2002 M N
Coll trust gold 5s
1913 M-S
Choc Ok <fe G gen g 5s .01919 J-J
Consol gold 5a
1952 M-N
Des M & Ft D 1st 4s
1905 j-J
1st 2 4s
1905 J-J
Extension 4s
1905 J-J
Keok & DesM 1st 5s
1923 A-O
Nov'02
1054105 4
Sale
Feb '02
Dec '03
Apr'04
Sep '03
1234 May'04
120 Feb '04
1034 1034
107 Jan '03
106
Jan
103
103
12141234
120
120
104»4
16 101
994J'ne'02
96 May'04
93 May'04
90 May'04
6734
69 222
884 Jan '03
98
96-4
r09 4i'f2 4
126 V 129
117 4118^
Mar'04
794 Sale 794
79 4
1054
1044 Jan '04
1034 Jan '04
954 Oct '03
964
90 Oct '03
934
104
U54H8
4 May'04
1054 Nov'03
109 4 May'04
1264 May'04
109 4
It'
1144H6
1144
105
1014
FA
4
l
1014 106
104 1044
10741 OS 4
10834 1084
.
114
Hi 4
107
106
.
Sale
129 34
1024 Apr'oi
Nov'98
114
III 4 Apr'04
111
1114 Dec '03
109 Sale 109
109
107 Mar'04
104
195 Mar'04
104
104 Mar'04
107 4.
107 4 May-04
106 4.
108 34 Jan '04
116 4 1164 May'04
1144
108 4
1014
4
1104 1124
1
I
964
5 <^1\'J
H7 a4
.
12(4
1024
1
1094 HI
1144 1164
1094 1114
Keb'l'l
10 * May'04
Ill's May'04
137 4 IMy'lW'
I
May'04
Mar'04
Mar'04
113
1134 Oct 'Ob
1074 .... 107 May'04
112361124 I 2 '4 1 2 4
lll 3
112 May'04
1154
115 4- May'04
110-4
113 Oct 'o;i
117-4 Apr'04
1144
117' s
106 's
J-J
129
129
4 Apr '03
4 1104
4 117
1114
r-9v
FA
107
1144 115
1054 1084
Jan '0 1
Apr'04
109
111
117 4
112'k 113
M-S
a4
12041-9
1
M-S
M-S
M-S
M-N
M-N
10U a4
100
»e.
1154
FA
101
91
128
1104
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
M4
814.
1144H8
109
U.-F
994 1014
94 4 97
I
115 34 il6»4 115 34 115^
120 Dec '02
114 'a.
113 Jan '04
I10 a4
M-N
10041044
s
:
1104
n
4
100 a4
96
M-N
M-S
J-D
A-O
M-N
M-N
100-1,
1014
10
MS
J-J
J-J
J-J
J-J
J-J
J-J
:
1-4
1094111
Apr'oi
May'03
J-J
J-J
1919 jj
1910 j-j
1910
1909
1921
L 6s. ...1910
1913
lstconsol 6s
1915
Chic & North w cons 7s
Extension 4s
1886-1926
1886-192 6
Registered
1987
General gold 34s
Registered
pl987
Sinking fund 6s. ..1879-1929
1879-1929
Registered
Sinking fund 5s. ..1879-1929
1879-1929
Registered
1909
Debenture 5s
1 909
Registered
1921
Debenture 5s
1921
Registered
Sinking luud deb 5s
1933
1933
Registered
DesMoAsMinn 1st 7s. .1907
Milw<fe Madison 1st 6s. .1905
North Illinois 1st 5s. ...1910
Ott C F & St Paul 1st 5s 1909
Winona & St Pet 2d 7s. .1907
Mil L 8 it West 1st g 6s 1921
Ext cfc Imp sfuud g5s 1929
Asliland Div 1st g 6s. .1925
Mich Div lstg6s
192
Convertible deb 5a
1907
Incomes
1911
Chic Rock lsl& Pac 6a. ..1917
Registered
1917
General gold 4s
1988
Registered
1988
Coll trust Series C 4s .. 1905
115
104
103
112
1014
.
8i54
W
MISCELLANEOUS BONDS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
1st refund conv g 4s
2002
BkCity 1st con 5s. 1916, 1941
Bk O Co cfc S con gu g 5s. 1941
Bklyn Uii El 1st g 4-5S.1950
Kings Co El 1st g 4s
1949
Nassau Elec gu g 4s
1951
City cfc S Ry Bait 1st g 58.1-922
Conn Ry cfc L 1st cfc ref g 4 4s '51
Den Con Tr Co 1st g 5a. ..19;;;
5s 1905
L SuDivg5s
H4s
M4s
N4a
P4s
Chic R I & Pac RR
1144
1950 J-J
1)
Div 34s
MU& No IStM
131
h
J1
100 >o
102
100 4 Sale
1921 j-j
Chic & Mo Biv Div 5s...l9_v> j-j
Chicfc Pac Div6s
1910 j-j
1921 j.i
Chic& P
1st g 58
1916 jj
Dak& Gt SO g5s
1924 jj
Ear & Sou assu g 6s
1910 j-j
Hast<fc D Div 1st 7s
lstSs
1910 j-j
190b j-j
I & D Exteu lst7s
Chic<fe
'J6
112 58 112--8
109 112
112 Apr
87 Aug'Ol
91ia Oct '03
110»a
J-J
an
14
l294Ma>'04
112
1st lieu 3 4a... 1950 J-J
1922
1949
1949
Registered.
Iowa Div sink fund 5s. .1919
1919
sinking fund 4s
Nebraska Extension 4s. 1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds -See Great North
1913
Debenture 5s
Han & St Joscon8ol 6s. .1911
III
lsts
cur6s.l907
£
Chic & E
1934
1st consol g 68
1937
General consol lst5s
1937
Registered
Chic & Ind C Ry 1st 5s. 1930
Chicago & Erie See Erie
Chic in& Louisv rei 6s. ..1947
1947
Refunding gold 5s
Louisv N A &CU 1st Os.1910
Chic Mil <Sc St Paul cou 7s 1905
1914
Terminal gold 5s
General g 4s series A. .el 989
Registered
el989
General g 3 4s series B.el989
Illinois
109
1
Low
<
Registered
1992
General gold 44a
1992
Registered
Craig Valley 1st a 5s. ...1940
Rcfe A Div 1st con g 4a.. 1989
1989
2d consol g4s
Warm Spr Val 1st g 5s. .1941
'40
lstgug48
Ry
Greenbrier
Chic* Alt RR ref g 3s.. .1949
Registered
Chic B & O— Ch<fc la
Denver Div 4s
"a
130 4
129=8 130
102 3«
a 4s '.941 M-S
Bee 80 Pacific !o
Coast
Line
Atl
I'has & Sav See
dies ,fc Ohio g 6s ser A..A1908 A-O
ol911 A-O
(ioldOs
1939 M-N
1st consol g 5a
.
22
',
< < January
.Ne
4
J/li,li
92 \ May'04
104 Feb M4
102 J'ue'99
103 J'lv'o;;
92
Long Br gen
Hallway
1
95'..
6
tto Liar.
!)s :l . 100 H>
3
1,02
-1
102»4
96 ....
944....
3s. .1913 J-J
ue
uiii r
NY&
LOW
23
Am
Since
Last Sale
108*4
.
Hange
Hange or
11
Bid
pl945 Oct
3d pref income s 5s
Cliatt I»iv )mr limn g 4s. 1951 J-D
Mac & Nor Div 1st g 58.1946 J-J
MidGa& Atl Div5s....l947 J-J
1940 J-J
Mobile lliv 1st g 5s
Cent of N J geu'l gold 5s 1 987 J-J
ft.1987 (J-J
Registered
Dock & Imp gu 6s. .1921 J-J
mi
5a
1920 J-J
Le<fc 11
R gen gag
Leh it Wilks B Coal 5s. .1912 M-N
c/1910 Q-M
Con ext guar 4 4s
Cent Pacific
Week's
Price
h'ri'ta
J une 3
r_
Ask Low
Bid
BONOS
STOCK EXCHANGE
Sale =5
January 1
Week Endow June 3
High So Low High Central of Ga—(Continued)
N. Y.
96
93
90
96
93
90
28
'
664
74-4.
73
85
10441014
10341034
98
9334
'04
1044 Apr'04
104
4 106
*9
92
on Next Page.
Railway
Met St Ry—TCoJi;Ref g 4s2002 A-O
Street
A-O
102-4
J-J
J-J
76 4
108
M-N
F-A
E-A
J-J
-
Sale
102
'
1044 Sale
87
Sale.
804
Sale
994102 4
102 4 May'04
76 4
774 105 72 4 771.,
107-4 los'a
108 4 Apr '04
100 100
100 Mar'04
1044 1"44 31 100 1044
113 82
87 4
854
80
804 17 794 81
^
J-l
J-J
AC
93
.14
May'04
vo
94
Col cfc 9th Av lstgu g 58.1993
Lex AVcfc P F lstgu g5s 1993
Third Ave RRcon gu 4s 2000
Third Ave Ry 1st g 5s. .1937
.Met
El (Chic) 1st g4s. 1938
Mil El Ry cfc L 30-yr g 5s. 1926
Minn St Ry 1st con g 5s. .1919
St Jo Ry Lt HcfcP 1st g 58.193'
st Paul City Cab con g 5s. 1937
Union El (Chic) 1st g 5s. .194."
United RRs San Frst 4s. 192
United Rya St L 1st g 4s. 1934
\V Chic Si 40-yr cons g 5s.l93t
WS
894 904 904 May'04
M-S
M-S
J-J
J-J
F-A
I15 a4 117
115
95 Sale
M-N
94 4
94
105
100
liii- 1
.,
..
1
1154"May'04
1194 119
*
FA
J-J
1164
106
110
94
95 4 127
May'04
4
1154119
114 1164
1
16
94
94
95 4
119 4
95
Oct '99
J'ne'oi
109 4 Apr '03
J-J
Den Tram Co con' g 6s. .191' J-J
1094 Dec '99
Met Ry Co 1st gu g 6s..l91 J-J
7:. 4
80
*784 783., 78 Mav'O
Det Cit St Ry 1st con g 5s. 190." J-J
81
80 4 May 'Oi
103 Nov'Ol
804
Gr Rapids Ry 1st g5s...al91( J-l
99 Dec '9'.
Louis Ry Co 1st con g5s..l93t J-J
Mar'9.109
<.us
and
Electric
Light
Market St C Ry 1st g 6s. .191: J-J
Met St Ry gen col tr g 5s. 1 99 b'-A
11241154 Atlanta G L Co lstg 5s.. .194^ J -I
113
112 34
112 a
Bway cfc 7th Av lstc g5s
liklyu
iklyu U Gas 1st con
gos 194:
194 J-C 113 W3\
4
1
1124115
0011 g 5s. 194,.
194. irt-N
2 4 115
1 o 4
113
124 115
112 34 113
1124 112 34
113
113
Due Ma£ y Due j ne ftOnej'ly £ Due Aug uJJue Oct p Due Not sOption sale
•No price Friday; latest price this week, a Due J an d Ouo ^.pr
iti)
J'ne'oi
i
.
cfc
>..
:
<s
1
1
B
.
Bond Record
2322
BONDS
STOCK EXCIIA
X. Y.
Wi.EK BiTOora juxe
3
CliicAstL SeeAtchT&SaKe
Price
Weeic's
Jtange
Pride u
June 3
Range or
-ince
Chic 81 P
M A Ocon
6s.. .1930
t'.s
1304
1304
ISO's Sale
J-D
ii
A Weal mi
ic
gen
I
b
1
5 13041333.,
I
1
I
1304131
CO'',
;
(
BONDS
111 4 Apr '04
110
Q-.M
6p
Cluc&WMich 8et PereMaxq
.see C B
Cli( oOd cult
<£ P
Cln 11 A I) consols! 7s. ..ion-
1224
120
10
7 -1
4
110
82»4
1114
I
2d gold 44s
Cm
J-J
Bs... I'M
KB g
1st
1) it 1
:
L & C See C C C & St L
& C See C C C St h
Mah See B R 1
Clev Cin C
St L gen g 4s 1993
193!'
Cairo Div 1st gold 4s
Cln W& M Div 1st g 4s. 1991
C
K'4 4 Dec '03
113 Oct '00
112 May'04
101 4.
A-O
M-N
Ill's.
J-D
984
J-J
9o
97
1114112
St
I
Cln S
Clearfield
<fc
<fc
<fe
St
LDiv
J-J
g4s..l99U M-N
1st col tr
M-N
Registered
Spr A Col Div 1st g 4s.- L940 M-S
\V VaJ Div lstg 4s... lorn J-J
W
CIStL&C
1st gold 4s
fcl93i
Registered
Cln S & CI con 1st g 5s..
28
1914
I consol 7s
1914
Consol sin k uini 7s
General consol gold 6s
Registered
1934
Ind B1& Wlstpref 48.1940
1st pf 5s...dl938
O Ind &
Peo & East 1st con 4s... 1940
1990
Income 4s
CI Lor & Wh con 1st g 5s. 1933
Clev & Marietta See Penn RH
Clev <fc Mahon Val g 5s... 1938
Clev <fe Pitts See Penn Co
Col Midland 1st g 4s
194
Colorado & Sou 1st g 4s... 1929
Coluni & Greenv See So Ry
Col & Hock Val See Hock Va.
&
Col Conn & Term See
Conn <fe Pas Rivs 1st g 48.1943
& Gt So See C & St P
m
CCC&
I
W
N W
M
See M K & T
Dak
alias & Waco
Del Lack
9o
93
104
consol 6a.. 1920 Nl-N
&
984
1014
98
iboSi 100 34
99
102
Feb'04
May'04
Jan '01
,
Q-F
jj
Ill's.
J-D
J-D
127
J-J
J-J
Jan
105
10041024
110 4 Mar'04
120 J'ly'03
11041104
Mar'04
128" i*28"
96 a4 May'04
69 May'04
112 4 Feb '04
97
A-0
60
Apr
109
A-O
1164.
J.J
95
58
Feb'04
116
684 60 May'01
824 Sale 824
84
98
65
11241124
116
55
J-J
F-A
116
634
824 894
56
17
A-0
J-D
1995 J-D
1951 J-D
Det Sou lstg 4s
Ohio Sou Div 1st g 4s. ..1941 M-S
Dtil& Iron Range 1st 5s. .1937 A-O
Registered
1937 A-O
Jan 04
128 Sale 128
128
1284
132 4 May'04
126i*
140 Oct '98
112">8
1103s
*1034
1294
1144
,
1294 May'04
114»8
H4 B8
100 4 May'04
1074
1094 Feb'04
102 Feb '03
1344
133 34 Mar'04
134
149 Aug'01
106 Sale 106
106
122 J'ne'99
104 4.
104 May'04
103 Apr '04
14334 Nov'02
1384.
138
1474J'ne'02
102
Atl g 5s. .1937 J-J
Minn SeeStPM<kM
Ten Va
Ga See So Ry
.
994 984
99
'
984
106 4 106»8 May'03
1034106 106 May'04
96
964 95 34
96
89
874
894
90
97 Jan '02
Long Dock
consul g 6a
24
36
994 May'04
944 May'04
100
96
924 94
47
68
110
Sale
,
1144
111
114
J-J
J-J
J-J
J-J
FA
m
WlikA Ea lstgugos.lOl
•_•
Sate
1134
^TalH& H Of 1882 1st 5s. 1913
Georgia & Ala See sea A Line
Ga Car & Nor See Sea A Line
Georgia Pacific See So Ry
Gila V G & Nor See So Pac Co
Gouv <fe Oswegat See N Y Cent
Grand Rap .t Ind 6'ee Penn RR
Gray's Pt Term See St L S \V
Gt Nor— C B & O coll tr 4s 1921
Registered, h
1921
Greenbrier Ry See Cues &
61952
Guli&SIlstret&tgSs
<fe St Jo
See C B & Q
ousatonic See N Y N H.&
Hock Vail st consol g 4 4s. 1990
Registered
199!
Col& H Vlstextg4s..r.<4^
Houst E &
Tex See So Pac
Houst & Tex Cen See So Pac Co
Illinois Central 1st g 4s.. 1951
Registered
1951
1951
1st gold 34s
Registered
1951
W
mid
10
40
68
44
70
1104
1104
84
16
1
Jan '04
111
93 "a 944
40
44
68
84
I0934
111
1124
111
F-A
K A
115
114
114
114
114
112381124
131 5a
111
131%
2
85
9K 4 Jan
S5 V 2;
85
8534 Fob'04
89
89
"i
Sale
:
:
.
89 3<
13141354
964 984
984 98 4
84
874
85 34
88 34
1254J'ne'03
103
U6 34
1164
104
106 Aug'02
132 Apr'04
115 34 May'04
113 4Nov'03
108 4 Jan '04
111 May'04
loo May'04
102 4 May'04
113 4 Jan '04
1334
115 3«
1124
1060s
Ill
115
101
101
1134
11()34
107
107
4
1164
110
Kan C &
Kan City Sou
93 4
1194
130
132
1134118 34
108 41084
109 4111
100 1013s
1014104
11341134
1104111*8
1064DIO
4
<fc
03
034 May'04
63
65
974
96
98
<fc
,m
Fuel
See
PG
964 974
100
105
•7
105
4
••
b
18.. 19 r. l'-A
1st g 6s. ..191.' F-A
......
jiikLm.ii !o Gas
B1
9 IB
N
Klng8 CO El Life P g 5s... 1937 A O
1
1
:ii
01 rlc
'••
<
a.
M
-
1
I
Purchase money 6s
loo. A-O
1st Cong 4s 1989 J.J
Ed El II Bkn
LacGasLof St Lletgos.ciol
Milwaukee Gas L 1st Is.. 102'. M-N
:
•
No price
Mar'98
May'04
J-J
Q-J
77
Sale
A-O "1024.
101
10234 108
71
77
77
1024 May'04
04 78 Sale
934
9434
95
93 4
934
J-J
105 4 Sale
IO434
J-J
J-J
107 4 Sale
1074 107
1074 Apr'04
A-O
J-J
J-J
J-J
J-J
1
116
964.
00
l
4
1013*1034
li
27
904 95
934
90
1054 18 102
105
103
1024
944
1034107 4
107
41074
10041004
Apr'04
115
1014 Apr'04
10141014
115
Mar'03
994 Oct
103
100
12
4
115 Apr'04
113 4Mar'00
94
102
1st gold 3s. .1950
Hud R
Bklyn
'OS
1024104
104
104
102 Oct "01
10234 May'04
101 Apr'04
1064 Mar'03
93 4 Apr'04
102
101
103 4
101
934 95
112
J'no'03
i 03*
4 i 04
:
<
4
Nov'03
61 4 Oct
88 May'04
107 34 Deo '00
104 34 104 34
& Mont Istg0s..l911
cV;"
M
1
88
10788 Mav'Oi
894 894 Apr '04
aDueJan
Friday; latest bidaad asked this week.
123 May'99
85 4 Mar'04
934 944 93
924.
105
.
,126
1224126
12034
934
924
Apr'04
101 4 Oct '99
100 Nov'00
lOO^ Mar'04
1244 Apr'04
90 Nov'98
119 Nov'03
119 34 Mar'04
$6%
80
85 4
93
93
106 3, 106 34
12441244
93«s
118
87
119*4
106
106
984
1024 Dec '03
102
Mar'02
101
106
1064- ... 107 4
1014 101
1164
119
984....
98 34
70
70
1084.... 111 34
874 89
1064....
69
4 70
o
884
694
63
J-J '119
J-J
119
A-O
109*
Mar'04
Dec '02
Feb'04
Mar'04
99 101
118«8ll9«
97 100
984
Nov'03
May'04
Feb'04
1094U2
112
M-N
1074.
J-J
J-J
108 a4.
A-O
A-O
J-J
1044.
1134.
110
70
Oct '00
.
1094.
89
89
68
70^
1154119
119
11041124
107 4 May'04
108 4 May'04
105 Jan '04
107 107 4
10434 lo84
105 105
l^^J'ne'OS
109 4 Oct '9
107 Jan '04
93 May'04
1004.
1004.
100
Mar'03
Q-J
1153a.
116
Apr'04
"98"!
100
101
100
99
111
.
1114112
Feb'04
M-S
M-S
A-0
A-0
95
lti
1124Apr'04
o,-J
J.
I)
M-S
J-i)
M
J.
S
99 34 100
1)
M. s
M- 8
107
92
107
93
116
116
Unilied gold 4b
1940
040
Coll trust gold 5s
1931
5-20-yr col tr deed g 4s. 1 923
E H it Nash lstg 6s
1919
Registered
1
105 4 Mar'03
112 Mar'O'.
112 4 Jan '02
Q-J
112 4 Apr '02
1014 1014
117 4 May'04
1104 Dec T
J-J
J-J
101
M-N
A O
J-D
1104
1114 1114
974 bale 974
974
113 Nov'03
1104
Sale
984100 3*
1014
May'04
Feb'04
Oct '00
May'04
Jan "02
1004 Apr'04
M-S
A-O
M-S
M-S
Louisv <fc Nashv gen g 6a. 1930 J-D 1144113
Gold 5s
193 M-N 110 34
100
100
;,
4
101
964 994
ibo 4
4
10041014
11541174
101
Jan
10*6
98
101-4
'02
1*0*9*"
i
1*1*4
964 974
ou Next l'a«e.
uini Electric
I
.mm
Mut Fuel Gas Co See Peop Qu
Newark Cons Gascon g5s 1948 J D
g 68..
Purchase money g 4s. ..1949
Ed El 111 1st eonv g 6a.. 1910
consul gold 5a
D
A
105 4 Sale
3
J
.1
D
107 34
93
92 9
103 4 1044 103 4 Apr 04
117
117 May'04
101 May'04
0*8 "
100 Mar'04
loo 3,
101 4 J'ly'03
1004.
103 May'04
121 34
122 May'04
104
108 Apr'04
107 34
108 May'04
103
105 4 May'04
J
1034.
.1
F
M
J
s
J
Eifcl'lst
2d guar gold 6s
1904
1043
1st con gold 6s
Refunding gold 5s
1947
ChG-Lifc Cke 1st gag 68 1937
10341064
Con G Co of Ch lstgu g 5s. '30
1174 il»"
Eq G a- K''ii 1st gug 68.1905
Mu Fuel Gas lstgu g 5s. 1947
934 034
106 losi< Syracuse Lighting 1st g .">s_'.~il
87 4 BO
Trenton G <fi El lstg 5s. .1949
88
1174 i*2*6"' LIS" Ap"r''b"i
93i4 May'04
8 4
107-4
A-0
COng5sl9S0 K A
N Y «fc Rich Gas lstg 5s. 1921 M N
1st gug 6s.. loot M N
Peo Gas A
'01
86 4
,
N
1911
ii ls't con g 5s" 1935
NVli
1927
N Y & R B 1st g 5s
NorShB lstcou ggu5sol93'_
Louisiana it Ark 1st g 6s. 1927
1st
111
110
82 4.
1950 A-0
W
NY&QE1
J-D
Gr Rap G LCo
105
1044 107
104
77
A-0
A-0
M N
M-N
J-D
NYUKLH.H'
it
ElecBergCo'
Dec '03
98
See Cent of X J
& Wilkesb See Cent of J
Caney
Val See Mo P
Leroy &
Long Dock See Erie
Long Isl'd— 1st con g58.M931
/tl931
1st consol gold 4s
General gold 4s
1938
1022
Ferry gold 44s
Gold 4s
1932
1040
Unified gold 4s
Debenture gold 5s
1934
ref
gold
Guar
4s
1949
<fe
Gaa
Gu
1
Eq G
107
1951 A-0
1951 M-S
Erie <fe
lstg 5s.. 1937
2d gold 5s
1941
North Ohio 1st gu g 5s. .1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Leh ValN Y 1st gug44s. 1940
Registered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
1941
Leh V Coal Co lstgu g 5s. 1933
Leh&N 1' Is; guar g4s.. 1945
Registered
1945
E1C& N 1st g 1st pf 6s. 1914
Gold guar 5s
1914
lst5s
May'04
107
85"4
lee I lie li.-lu
•
Casifc
g34s
1952
1952
Registered
L N O & Tex gold 4s.... 1953
Registered
1953
1950
Cairo Bridge gold 4s
Leh
114>s Leh
1084111
"04
1044
M-N
M-N
A-O
J-D
113
1304
130 Aug'03
98 4 Sale
984
B8"% 30
M-.\ '116
VO
113
111
May'04
1014J'ne'03
,
99
13is8
J-D
\-o
113
1084 May'04
,
1114
J-J
lstg 5a
1947 A-O
C Co See FQAQ Co
Con das Co See P G it C Co
Detroit City Gas g 6s
1928 J-J
is Co con 1st B
F -A
EdEUUBkii Be* K Co B I. A
Ed E 111 See S Vl,,tEUl,tl
Eq O LN Y 1st con g 6a.. 1932 M-S
Ch G L
1st
1st gold 388terling
Coll Trust gold 4s
1UISCELLANEOUS BONDS—Continued
(•hi
Buffalo
1054
116
103 4
116
Han
994 994 Lake
1123s Apr'04
,
108-4
89
122
W
1st g 6s. lo
106
Kentucky Cent See L <fe N
Keok & Des Mo See C R I <fe P
KnoxviUe <& Ohio See So Ry
Feb '01
111
M-N
M-S
M-S
A-O
J-D
M-S
M-S
.1
BR of ft J
W&DenC
Extended
1
SaePereMai
Registered
113
.& RR 1st cur gu 68.1922 M-N
Dock <fc Imp 1st cur 6s.. 1913 -J
N V <fc Green L gu g 58.19 16 M-N
1st rcf 5a
N Y Sus <fe
J-J
Mid
Since
January
High So Low High
IsOw
Mar'04
116
102 4 May'04
112 J'ne'02
119
102
SeeStL&SF
KC&MR&B
Pacilio See M K & T
May'04
24
M-N
Coal
2d gold 44s
1937
General gold 5s
1940
Terminal 1st gold 6s...
Regis $5,000 each.. .101:;
Per eM
Ask
Hid
c
M
<fc
W
lint <&
Ela C &, Penin See Sea Air Line
Eort St U D Co 1st g 44s. 1041 J-J
Ft
1st g6s....].'ji J-D
Ft W<fe RioGr Istg4s...l'.e2» J-J
/^alHar&SA 8eeSoV-.\<-r„
W
1916 J-J
Elgin Jol <fc East 1st g 5s. 1941
Elm Cort &, .No SeeLeh&NY
Erie 1st ext gold 4s
1947
2d ext gold 5s
1919
3d ext gold 4 'as
1923
4th ext gold 5s
1920
5th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
L920
Erie 1st con g 4s prior.. 199i.
Registered
1990
1st consol gen lien g 4a.. 1996
Registered
1996
Penn coll tr g 4s
1951
DulfN Y A Erie Jst 7s. .1916
Butt A S
gold 6s
1908
Chic A Erie 1st gold 6a.. 1982
Jeti RB 1st gu g 5a
ol909
M
&
1953 J-J
Middle Divreg5s
1921 F-A
St Louis Div gold 3s
1951 J-J
Registered
1951 J-J
1951 J-J
Gold 34s
112»8 112%
Registered
1951 J-J
Spring Div 1st g 34s. ..1951 J-J
12741294
F-A
Western
Lines
133
1st
4s.
.1951
g
1303a
Bellev <fe Car 1st 6s
1923 J-D
Carb & Shaw let g 4s... 1932 M-S
127 1294
Chic St L & N O g 5s.. .1951 J-D
Registered
1951 J-D
U141164
1951 J-D
10041004
Gold 34s
109410978
Registered
1951 J-D
Memph Div 1st g4s...l951 J-D
133 34 1374
St L Sou 1st gu g 4s.. ..1931 M-S
Ind Bl & West See C C O & St L
1935 J.J
Ind Dec &
1st g 5s
1054108
1st guar gold 5s
1935 J-J
1950 J-J
Ind 111 <fe la 1st g 4s
104 106
103 103
Int& Great Nor lstg 6s. .1919 M-N
2d gold 5s
1909 M-S
3d gold 4s
1921 M-S
Iowa Central 1st gold 5s.. 1938 J-D
3
21 96 4 9934
Refunding g 4s
1951 M-S
Jefferson RR See Erie
S
103 1064 Kal A & G R See L S &
an & Mich See Tol <fe O C
16 94
97
95 83
894 K C Ft S & M See St L & S F
L^ast of
Iliast
1
H
Range
?
Registered
W
<fc
Ev&
&
Louisville Div'gold 3 4s . 1 95 3 3-i
&NY
2d 6s
Dul So Shore
105
'04
1044Nov'01
Q-J
W
Gold 4s
'02
102 4
4
128
A-0
Western 7s. ..1907 M-S
Morris* Essex lst7s... 1914 M-N
1915 J-D
1st consol guar 7s
1915 J-D
Registered
2000 J-D
lstref gug3 4a
N Y Lack & 1st 6s.. .1921 J-J
1923 F-A
Construction 5s
1923 M-N
Term <fc improve 4s
Syr Bing
1st 7s. .1906 A-O
Warren 1st refgug34s. 2000 F-A
Del & Hud 1st Pa Div 78.1917 MS
Registered
1917 M-S
Alb & Sus 1st con gn 7s.l90(i A-0
Registered
1906 A-0
Guar gold 6s
1906 A-O
Registered
1906 A-0
Rens <fe Saratoga 1st 7s. 1921 M-N
Registered
1921 M-N
Del Riv RR Bridge See Pa RR
Denv<fc R Grist con g 48.1936 J.J
Consol gold 44s
1936 J-J
Improvement gold 5s. ..192b J-D
Rio Gr West 1st g 4s. ...1939 J-J
Consol and col trust 4s 1949 A-0
Utah Cent 1st gu g 4s al917 A-0
Rio Gr So gu See Rio Gr So
Den <fc S West gen s f g 5s 1929 J-D
Des Moi & Ft D See C R <fe I P
Dea M & Minn See Ch & N
Des Moi Un Ry 1st g 5s.. 1917 M-N
DetM&Tol SeeLS<fcMSo
Det & Mack 1st lien g 4s. 1995
Dec
10034 1014
98
98
9934 1023.,
99
99
944 Aug'03
105
102
102 ^ Sale
Q-I
95»8l014
101
1014
......
tridaii
June 3
<fe Pitta
See Penn Co
T 1st cons 68.192] J-J
1st general gold 5s
1942 A-0
Mt Vernon 1st gold 68.. 1923 A-O
Sutl Co Branch 1st g 58.1930 A-O
Ind 1st con gu g 6a. .1926 J-J
L\irgo
So See Ch
A: st P
Erie
Week's
Range or
Last Sale
J'rice
stock exchange
Week exdixm jxtke 3
Evans
08
Conn
reduced to 3 4s. 03(1 J- 1)
131 Feb'04
Ch si PA Minn latg6s 1918 M-N
1291) Mar'O
Nor Wisconsin 1st os.. .1930 J-.1 131
May'04
122
St P .V- 8 City 1st g Ba.,.1919 A-D 122*8
73 Vi
734
73 4 73 3
J-J
Chicago Tor Trans
[Vol. lxxviii.
2
x. y.
High No Low Uiyh
Ask Low
Bid
LA N O
January
Last Sale
See III Cenl
Chic St LA- Pitta See Penn Co
Ciiic St
—Continued—Page
J
D
A
M N
J
.
!
70 107
7
108-4
90
934
102 4105 4
1154117
100 4102
100
100
.
.
M S
J
105 4
92«g Sale
.
.
.
101
105
Mar'04
Apr'04
103
103
118 34 124
103 104
1064 108
104 1O04
101 34
101
105 105
li
M 6
109 Feb '01
Due Feb dDueApr eDue.Uay ADueJMy fcDueAug oDueOct jDueDeo sOption
salaj
—
June
1
Bond Record— Continued-— Page
4, 1901. J
BONDS
STOCK EXCHANGE
N. Y.
Week ENDING JUNE
Louisv
du
LCin
<fe
3
Nashv ( Continued
Lex gold44s... 1931 M-N
1st g44a 1945
joint 48.1952
Registered
1952
Flacfe 8 1st ku g 5a... 1937
& Atl 1st gu g 6s. .1921
S & N Ala con iru g 5a. .1936
1910
Sink tund gold 6s
Jeu Bdge Co z\\ g 4s. .1945
N
11 2 > 8
106
Januarii
No Low
.
.
LS4.MS
"a
116
115
N Y
-Sfc
.
income g 3s.al939
2d consol income g 3s..al939
1917
Equip <fc coll gold 5s
2d series gold 5s
1919
1907
Coll tr g 4 4s 1st Ser
Mex Intermit 1st con g 48.1977
1977
'Stamped guaranteed
1910
Mex North 1st gold 0s
Mich Cent See N Y Cent
of
L
S
914 974
103 4 103«b
1 03 78 Dec '()•.'
1014104
109 34 May'04
1074
M
Dal
&
M&A
M &M
lstgu g
5s.. .1940
Kan C & Pac 1st g 4s. ..1990
Mo K & E 1st gu g os. ..1942
MK&TofTlstgug5s.l942
Sh& So lstgu g 58.1943
Slier
Missouri Pacific 3d 7s
1906
1920
1st consol gold 6s
Trust gold 5s stamped. al917
62
J-J
12
J'ly
J'ly *
62
12
Sale
4 Sale
74
64 3
i
124
6 34
35
6 34
62
12
71
1
6
4
1V4
9*4
A-O
A-O
FA
*
95
95 May'04
90 =s J'ly '01
96
M-S
MS
J-D
105
91
96
1164
112
M-S
121
Jan
'02
11541164 115
115S,
96
964
98
Apr'01
103
Nov'01
96
Sale
J-J
J-J
J-J
M
.
J-D
F-A
984
983s Sale
774
77
77*8
1004 10
774
10
113
4
U3 34 May'04
10941144
114 7s
28 111381154
1144 Sale 1144
884
109 34 Oct '03
Sale
91 34
101
924
88
884
92 34 May'04
11
11141114
1234.
1264
120
121
93
113
126
121
90
,
.
91
1264
Apr ()4
-
4 Apr'04
1134....
4 May'04
87
904 90 May'04
92 ....
984Nov'03
J-J
92 34
1114 Mar'04
91 Feb '04
89
M-S
F-A
Q-F
884
84
91
,
1114.
91
126 4
130
94
1134114
884 91
98
99 78
121
Nov'03
1254
139
Jan '03
123
116
MS
1104
1204
109B8 li24
122 122
109 s8 Apr'04
122 Jan '04
127 J'ne'02
1064 Apr'04
106 4Nov'00
106
105 41064
"96 4 "9 7
964 May'04
96
67
Sep
100
'03
113 Apr'04
115 4 May'04
113 34 Jan '02
113
11 6
11541174
104
1044
102 34 104 3i
101 101
13134 Apr'03
General lien gold 3s
o2047
Registered
o2047
St Paul-Dul Div g 4s. ...1996
Registered
1996
C B & Q coll tr 4s See Gt Nor
St P &
P gen g 6s. ...1923
Registered certific'8..1923
St Paul & Dul 1st 5a. ...1931
2d 5s
1917
lat consol gold 4s
1968
N
Wash Cent
Sep
10241034
'03
1004103 4
102«8 102 78
100 Dec'03
M-N
110\ 1124Apr'04
M-N 1274.... 130 Aug'03
111
1124
F-A 12541284 127 Nov'03
127 Apr'04
A-0 126
125 4129
38 964 99
A-O 99 Sale 983b
99
A-O
96 4 Sep '03
"i 874 92
J-D
904 90 4
90
>»
105 78
J-J
M-N
Q-J
Q-J
Q-F
y-F
J-D
J-D
F-A
Q-F
F-A
*
1074 J'ly '01
J-D
9941014
1004 99 78 May'04
1043a Sale
1044
1044
103 4 May'04
7134 Salo
714
72
70
70 4 May'04
3
95 4
97V7an'04
1224 Mar'04
122
119
132 J'ly '99
112 4 J'ly '03
1104
A-O 106
1054Apr'O4
94 78 100
844
g4s
Xor Pac Ter Co 1st g 6a. .1933 }*! 1134
Xor Ry Cal See So Pac
Nor Wia See C St P M & O
Xor & Mont See N Y Cent
See C C C & St L
OInd &
1948
lat
101 78 101 78
101 78 Apr'04
101
96 4 Nov'03
85 May'04
1134
W
1134
or,
10141044
103 4
704 73
6S 34 704
101
38
9758
97 68
12241224
10541084
85
85
111
1134
105
110
1144May'03
109
108
4 J'ly '02
Ore RR & Nav See Un Pao
Ore Short Line See Un Pac
123 s4
112
12334 May'04
112
liSJfl 112
113 Dec'99
1034
Sale
8 Sale
747
116
J'ly '02
111
Dec'99
1034
1034
74
74 7
123 34
120
.;..
118
118
1104115
J-J
Registered
1997 J-J
Debenture 5s of.. .1884-1904 M-S
Registered
1884-1904 M-S
Regist deb 5s of.. .1889-1904 M-S
Debenture g 4s.... 1890-1905 J-D
1890-1905 J-D
Registered
Debt certs ext g 4s
1906 M-N
Registered
1905 M-N
Lake Shore collg 34s. ..1998 F-A
Registered
199.8 F-A
Mich Cent coll g 34s
199» F-A
Registered
1998 F-A
Beech Creek 1st gu g 4s. 1936 J-J
Registered
1936 J-J
2d gu goldos
1936 J-J
Beech Cr Ext lstg 34s 61951 A-0
99*8
7
993g
*
984 98
10 100
1034
73
76 34
3
i
V
'99 V
90
89 34
99 Dec '02
99 34 May'04
99
4 Nov'02
90 4
90 34
884 Apr'04
sti
91
86
834
89 34 May'04
91 Jan '03
105 78 Mar'04
102 Mar'04
.
1053s,
99 78
98
98
100 1023s
100 34 100 7 8
100 41004
100 100%
98
9 'J
904.
110
,
lOO's Apr'04
100 4 Mar'04
1003g Mar'04
99
106
9634
99 7
1014 May'04
1014....
101 ....
"88"
1946
Pac
Panama 1st s fund g44s.. 1917
Sink fund subsidy g 6s.. 1910
Penn Co— Guar 1st g 4 4s. 1921
Registered
1921
85
41014
4 90
104
102
10o 7e
102
A-O
1024.
102 Apr '03
102 Apr '02
108410P 34 1094 May'04
.M-N
J-J
J-J
C
1940 J-J
N&C Bdge gen gug 4 4s 1945 J-J
PCC&StLgu44sA...1940 A-O
Series B guar
1942 A-0
Series U guar
1942 M-N
Series
Series
Pitts
D
1945 M-N
4s guar
E 34 guar g
1949 F-A
Ft W& C 1st 7s. ..1912 J-J
2d7s
3d 7s
Penn RR
1912 J-J
/t.1012
1st real est g 4s.
Tcleirvapli
55
105
M-N
J-J
107
Sale
107
107
May'04
Nov'98
92 4 Dec'03
7
95 sMai"04
118 May'04
108
108
102
89
90
954
1164
1094
1064 108
108
95 7e 96
118 118
A-O
1923 M-N
1905 J-J
11358
112 58
94
95
94 4
94 4
102
108 34
108 34
105
100 4
90 4
120 4
1084 Aug'03
96 Jan '04
102 Nov'OO
9S 34 Apr'04
108 Apr'04
110 Mar'04
116 4 Feb '01
101
1204
1194 123
104 4 106
4 Jan '04
91 34 May'04
127 »8 Oct '02
121 Mar'04
119 Apr'04
107 4Mar'04
96
90
98 34
98 34
10S 110
109 34 1114
10141014
90
92
121
121
119
119
10441074
102
Con currency 6s reg...ffl905 Q-M
J-J
s os. 1951 J-J
J-D
Series
Consol sterling g 6s
.
Coal and Iron
F-A
F-A
Mo
Guar 34s coll trust reg.1937 M-S
Guar 3 4s coll tr ser B...1941
Tr Co cortif's gu g 3 48.1916 M-N
C St L & P 1st con g 5s. 1932 A-O
Registered
1932 A-O
C1& P gen gug 4 4s ser A. '42 J-J
Series B
1942 A-O
Series C 34s
1948 M-N
Series D 3 4s
1950 F-A
Erie & Pittsgug34s B.1940 J-J
MISCELLANEOUS BONDS— Continued
Truat Co otis
Gr Riv Coal <fc C 1st g 6s.. 1919 A-O
Jett & Clear C & 1 1st g 5s. 1926 J-I;
2d gold 5s
1926 J-l)
See
,
99
'
NYC
NW
Oswego & Rome See
O C F <fc St P See C &
Pac Coast Co 1st g 5s
ac of Missouri
1074.
NY Centcfe H. Rivg 3 4s. 1997
f
L064
121
MS
RR 1st g 58.1936 J-D
General gold 5s
1937 A-0
Ore & Cal See So Pac Co
M
1951 A-O
1st s
10C 34 109
99'«
118
hio River
See N Y Cent
New & Cin Bdge See PennCo
NOifcN E prior lien g 6s pl915 A-0
N Y Bkln & Man BcU See L I
C
994
Feb '02
W
N J June RR
HC&
108 84
1074
1004
114
H
N
See
YC&
See Long Island
See Erie
Y Tex &
See So Pac Co
Xor & South 1st g5a
1941
Norf & West gen g 6a
1931
W
NewH&D SeeNYNH&H
Kan &
9984 Sale
1014
F-A
J-J
J-J
J-J
J-J
J-J
#1992 M-S
.i
Nash Flor & Shef See L & N
Nat of Mex prior lien 4 4s. 1926 J-J
Pleas Val Coal 1st g ax 5s.
M-S
X V North 1st g 5s. ..1927 A-O 1134.
B \V&Oconlstext5s./il9'_"2 A-O 11538.
Oswe& R 2d gn g 5s...«l9l5 l-'A
M-N *
1004 994 1004 21
A-0
82 Mar'04
80
N
M
82
M-N "iif'i'.'.'.Y. 102 Jan '04
102 102
F-A
88
88 34 May'04
86
88 \
A-O 1084
108 4 May'04
Improvem't & ext g 6s.. 1934
1064 111
M-S 102 Sale 101
34 99
102
1024
New River lstg 6s
1932
J-D
103 May'04
100 103
N & Ry 1st con g 48.1996
s
3
3
106
106"
M-N
"s 106 4 109 4
ioe
Registered
1996
8 Sale
8
4 1183s 1223g
M-N 1194Sale 1193s 1194
PocahC& CJoint4s..l941
M-S 106 Sale 1064 May'04
104 107
C C& T 1st gu g 5s
1922
M-S
Scio V & N E 1st gu g 4s 1989
3
F-A
108 106
106
103 4 1074 North Illinois See Chi & N \V
FA 93 94 93 78 May'04
91 78 94
North Ohio See L Erie &
1014
J-J
100 May'01
Nor Pac— Prior lien g 4s. .1997
F-A 1024
102 4 May'04
101 102 4
Registered
1997
3
Essex -See Del L & \Y
Chat <fc St L 1st 7s. 1913
Nash consol
gold 5s
1928
1st
Jasper Branch 1st g 6s. .1923
McM M W<fc Al 1st 6s.. 1917
1917
T & P Branch 1st 6s
Col C & 1 Dev Co gu g 5s. 1909
Col Fuel Co gen gold 6s... 1919
Col F <fc I Co gen s t g 5s.. 1943
Convertible deb g 5s
1911
No Low MiyK
Apr'04
i>S
C&Sturlstgug3s.l989 J-D
X V & Harlem g 34a. ..2000 M-N
Registered
2000 M-N
964 100 34 N Y & Put
764 81
N Y& R B
984 10438 N Y S & W
&
1st consol 4s
J.l)
Bat
Regis $5,000 only
YC&
See
Monongahela Riv See B & O
<fe
Mont Cent See St P
Morgan's La & T See S P Co
Morris
1
Apr '02
108 J4 Sale 1084
1074 Sale 107
J-D
98 7s 994 1004
NYO&Wref 1st g 4s..ffl992 M-S
H
N
Jliijli
J-J
J-J
N Y Lack & W See D L & W
N Y L E & W See Erie
N Y & Long Br See Cent of N J
12041204 NY&NE SeeNYNH&H
New York New Hav & Hart
113 1164
Houaatonic R con g 5s.. 1937 M-N 127V
95 4 98
N H & Derby con g 5s. .1918 M-N
1905 J-J 103 34
N Y & N E 1st 7s
let 6s
1905 J-J 102 4
N Y & North See N Y C & H
Deo '03
Dec '03
120 4 Feb '04
1123b
1178s....
1st extension gold 6s../il927 Q-J
Mohawk & Mai
Lo\o
ye
Siince
Jamuari/
H\V<feOTRlstgug5s.l918 M-N
Utica& Blk Rivgug4a.l922 J-J 104 .... 1044 Apr'04
X Y Chic & St L 1st g 48.1937 A-O 10341034 103 4 1034
101 Mar'04
Registered
1937 A-O
X Y Greenw Lake See Erie
N Y & Har Bee N Y C & Hud
May'00
142
1084....
VI&W
M
1;'mi
or
Last Sale
1074J'ly'Oo
105 Oct '02
105 4 Nov'01
F-A
A-O
A-O
MS
g 34a
lat
M-S
1931
1931 Q-M
1940 J-J
1940 J-J
1951
1952 M -N
34s
m
<fc
MX
1938
General gold 4s
Montgoin Div 1st g 5s.. 1947
St L & Cairo coll g 4s..el930
1931
Guaranteed g4s
& O coll 4s See Southern
L&Slstg
11
Range
95
,fc
al917
1920
gu g 4s. 1919
Leroy & C V A L 1st g 5s 1926
Pac R of Mo 1st ex g 4s. 1938
2d extended gold 5s.. .1938 J-J
St L IrM<fc Sgen con g 5sl931 A-O
Gen con stamp gtd g 5s 1931 A-O
Unified & ret gold 4s. .1929 J-J
Riv& G Div 1st g 4s. .1933
1933 M-N
Registered
1st g 58.1926 M-S
Verdi
Mob & Blrm prior lien g 5s 1945 J-J
1945 J-J
Mortgage gold 4s
Mob J & K C 1st cons g 5s. 1953 J-J
Mob & Ohio new gold 6s.. 1927 J-D
Registered
let coll goldos
Cent Br Ry 1st
BV
Registered
J
J-U
J-D
A-O
J-D
1934 M-N
M
& Wa
McK&Ylstgu
Registered
1909
1st gold 7s
Pacilic Ex 1st gold 6s. ..1921
South West Ex 1st g 7s. 1910
M
M&
R lBtgao68.1938
.Milium ("1 ItR 1st 5s. .1934
6s. 1932
Pitts
i09»<
874.
1940 J-J
5a 1942 J-D
2361
Registered
1997
Lake Shore gold 34s
1997
Registered
1928
Debenture g 4s
Del Mon & To! 1st 78.1906
Ask
Bid
4s.
f
1934
lstg 6s 1918
Mich Cent lat consol 6s. 1909
<fe
1st consol gold 5s
1st and refund gold 4s. .1949
Minn St L gu See B C K <fc X
con g 4 int gu '38
St P <fc S S
P 1st 5s stpd 4s int gu 1930
1st g 4 int gu 1926
SS
Minn Un See St P
Mo Kan & Tex 1st g 4s.. .1990
2d gold 4s
#1990
1944
1st ext gold 5s
St L Div 1st ref g 4s. ...2001
a
5s
<fe
Iowa Ex
Coal 1st
4s
N J See Erie
& W See Chic N W
MU Mad See Chic & N W
MU & North See Ch M & St P
Minn & St L 1st gold 7s.. 1927
Mid
R—(Continued
<& It
(.i.uv&Oawelst gu g
Mob <fe Mai 1st gu g 4s. .1991
X J June B gu 1st 4s.. .1936
X Y <fc Pu 1st con gu g 4s 1 993
Xor A Mont 1st gu g 5s. 1916
West Shore 1st 4s gu...236l
Cent
1st con.soi
Cent
(;learf Bit
. .
A BV
See Man Ky
Cent consol gold 4s. .191
Mil
NY
KaAAG
Metropolitan El
Mex
i-
2d guar 6a
McKeeatfc
1034
109
974 98
89" '92 34
L12
J'ncc
Friday
June 3
Cart& Ad Iatgug4s...l9si J-D
vi&"
122
115
BONDS
-o
STOCK EXCHANGE \h%\
>'
Week Endikg JCNB 3
1
Jlifjh
119
2323
3
N. Y.
'o;s
111 Dec'03
L16 Jan '04
112 Apr'04
110 Mar'03
97 4 Apr '04
.
98 4.
OliL
W
A'ani/e
M'/ice
U6VMar'02
.
11 2»«
L N A & Ch See
Malion Coal See
an hat tan Ry consol 4s. 1990 A-0
1990 A-0
Registered
Mctropol El 1st g6a
1908 J-J
5s.
Man S
Coloniz g
.1934 J-I)
McK'pt
,
4
112
Pens
L&
Ask Low
1084 Jan
Jiir/h
=
122 Apr '04
75 J'm-'o-j
113 HTov'99
106
98 34 99 \ 98 May'04
106 .... 107 4J'ne'03
9!
B2»4
92^ 94
121
Header Bdge 1st sf g0s.l93i M-S
Kentucky (.'em gold 4s. .198, J-J
UNAMAH
L& N-South M
2
Last Sale
1H>4
1980 MS
2d gold 3s
«,.
Mar'04 "si 12334
126
122*4 Aug'03
1921 M-S
Os
1st irolil
Week's
Kanye or
1004
1st gold 6s.... 1930 J-J
1!':''" J..I
2d gold 6a
Pensacola Div gold 6s... 19211 M-S
LDiv
Price
Friday
June 3
Bid
NO&M
NO & M
St
44
^
98
99
73
694
I05
100
100
984
Nov'OO
Mar'04
984
105
10
73 May'04
71 4 Apr '04
115 J'ue'OJ
107 May'97
102 4 Oct '03
95 4
69
70
1
05
99
79 4
73 4
Roch & Pit C & I pur m os. 1946 M-N
Tenn Coal gen on
1951 J-J
91
Tenn Div 1st g Os
a 1917 A-O 102
106
Birm Div 1st consol 6s.. 1917 J-J 107
106
Cah C M Co 1st gu g 6s. 1922 J-D
102
De Bar C & I Co gn g 6s. 1910 F-A
104
104
Va Iron Coal & C 1st g 5s. 1949 M-8
71
72
Wh L E <fe P C Co 1 st g 5s. 1919 J-J
32
•No price Friday; latest bid and asked this week.
Registered
Erie T & T col tr g
J-J
Q-J
f
<fe
N J Tel
gen g
See
5s..
1920 M-N
102
Apr*01
May'04
106
10141064 Manufacturing
Deo '03
10 i()04io4"
07 4 73
aDueJau
fcDueEeb
90
109 Oct '99
109 34 May'04
5a.. 1926 f.i
West Un
90
90
90
964 100 4 Apr '02
100 4 Oct '00
2397
s
West Union col tr cur 58.1938 J-J
Fd and real est g 4 4a... 1950 M-N
Mut Un Tel s fund 6s... 1911 M-N
North w Tel gu f 4 4s g.. 1934 J-J
J'ly '03
96
90
MetT<& T lsts f g5s
1918 M-N 109 3i
MutUnTelCo SeeWestnUn
No Westn Teleg
Oct '00
104
May'04
Jan '00
and Telephone
Am Telep & Tel coll tr 4s 1929
Comm Cable Co 1st g 4s. .2397
X Y
1064 Feb '02
105
on Next Page
105
109 3j 109 34
105 4 J'ly '03
.
10341094
101oB 102
10834 10«s4
102 May'04
105
1074J'ne'03
103 34 Apr'04
100
103 34
95
70
82
814
83
74
784
108^4
1014104 4
& Industrial
Am Cot Oil ext 44s
1915
Am Hide& L 1st s gOs.. 1919
Am Spirits Mfg lstg 6s. .1913
Am Thread 1st col tr 4s. ..1919
f
eDueMay ^Duej'ne
Q-F
M-S
M-S
96
J-J
77
/iDueJ'iy
77
Sale
4
87
79
pDueNov
97 May'04
77
78
85 May'04
78 4 Apr '04
s
Option
sale.
99 ^8
—
'"
—Concluded—Page
BON l>!STOCK EXCHANGE £l
WKKK E.NDINIi Jl\VK3
Penn KK (ContimteUj
U X
118%
UR<ftCangeD4a.l944
Pensacola <fc Atl Bee 1- it Nash
Peo <& East Hre C (J C 4 Si L
l'."-M
Peo <fc Pek Uu 1st g 6s
M921
2d gold 4%s
PereManj— Oh it \V M 5a
lsi consul
«iilil
Ang'03
9l'i
L02
112
i
98
109
January
'211
94 Hi 97
108 Hi 108 Hi
May'Ol
120
May
i'j
1
lis
]20
107 34 LlOHi
109 '4 110>2
01
Apr '(14
119V119H
Nov'97
137
Oot'01
120
1925
2d g 5s...al92d
Pius McKees it \ ate N v len
Puis sh .V; L E Let k Ba... L940
109
112VDeo'02
.
(
1st consol gold 5a
&
V
112 4
9834
98
93'
93^
See
115
107
V
105
Hs
Ho ^
114V114V
94»a 89%
.
.
93B8
3
98
98
91%
94
63
.
4
63 H
Ha
84
<
92
91 Ha
71
Sale
72k!
67^
65 Hs
Sale
108 ifl
132
to gold 4*33. .1933
109
1933
109
132
140
109
134
V
1
L910
1937
1937
EMiun 1st div 1st g 5a. .1908
Nor Div 1st gold 4s
l»4b
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
1937
Begistered
1937
1st guar gold 5s
1937
WUlitSF 1st gold 5a.. 193b
St P it Nor Pac aee X or Pac
St P it s'x City aee O St P 24 A
Salt Lake C 1st g s 1 6s. ..1913
S Fe Pies it Ph lalg5s...l'J42
109
102
103
106
104
116V
30
49
78
14
80'8
Oi^s
78H;
91Hi
70Hi
65 Hi
53
205
74 34
107n8llOH;
130 132
ib"7V09"
Apr '01
.May'Ol
103
100
u 5a
1
1
'
Car Cent
1 1 1 1
1 1
I'.U
isl
A
li:l'.| 100'-.
107«b.„.
10J ....
102
I
A
W
1st
1
Moi
:;
194
100'1» Sale
4s..fcl029
Registered
Cal liar <t B A 1st
2d gold 7s
Mex <v Pac si g
tl929
I
i
VGA N let)
lions
l
si
g i,s..
"84 Vi
191e
107
l'.M)..
ia.
w
.t
L92
92'4
Hi
Sep'00
I
IO6H1 Feb'02
LOS Hi May'04
105 Hi I'cb'in
lll»4May'03
Hi
Jl
mi.
:
>4
....
106 107
108 Hi
103 Hi
loo
LOS
103
H2
105 Hi
105 Hi
red
or
1
92
87 Hi 92
85%
97' 4
Mai'li;;
84
Feo'ba
Apr'Ol
107
May'04
Hi
.s7-<.i
102
97
L65
864 is
com
A mil
1
1
Bteel Co deb 5a
.Nun en', debeu 5a
o 1st con c 6s. ol
lnt Papei
Int si Pump LO.yr com 6a '1
Knlckcr [oe
Ini'i isl g
(
1
.
*
I
Nat Starch MfgCo 1st
Nat Starch 'u si deb
"No
(
V
.
110
A-O
87
L
4
114 Hi 114 Hi
119
119
107 110
108 108%
-
Oct
Jan
101
101
103
53 111
108
93
103
'02
'(»4
115^
Feb 'ill
May'O
1
May'04
117 Hj Apr'Ol
95
.
91% .Mar
92H
93
116
J-J
M-N
M-S
1
1
8
109
Hi
Sale
118
112
1
J-J
121% 123
J-J
123
116 117
10 Hi
85
104 14
Ill
J-J
A-O
1
108 Hi
110
111
1
1
11
118',.
''4
May'04
MaCOl
116
116
113Hi
119%
111%
"J 113% 122
20 123
1 114
116
I
108% Dec '03
92
104
123
112
115
113
4
Sep '02
May'Ol
Feb'02
103
Feb '03
Jan '03
Apr 'o
liOVSale
116%
122
117
104
Hi
106
113
110
1
1104 112%
110'-, .May'Ol
93
Dec '03
J-J
'4
95
117H»
92
118
118
113
117
109
123
123
122
Hi
91%
ul
110%118H. 118 May'04
114'4
113% Apr 'ul
J-J
llo
95
Dec'O:
113
110' 4
4
1
1-2
Hill
'4
J'lv'oo
Hi
115
108%
M-S
98
115
82
J-D
Mai
J".
Nor
it
1st 7s
Si
Sep
'U2
'.i
J
113
10
Scu
100
SabSale
Hi
103
93
91
J-D
A-O
1
106
93
92
70
90
107
Sale
104%
Sale
9
1
Hi
15
27
97
1
1
\H;'i
FA
J-J
116%
190S J-J
1926 J-J
109 %
115
94% Sale
'4
5
%
I
2
%
1
Ki%
1
15
111
106
93
914
85
72%
63 IOOS4
L09%
I
100% 104
-
194
944100%
100% 42
96 34 96%
9s 4 102%
120% 124
Jan
3
'04
22
%
1
May'04
94%
1
118%
15
lot',',
1(>5
96%
Sale
1
111
105
91
86
81
68
11
May'04
100% Sale 100%
122% 124 L22%
1
110
108
101
Apr'04
May'04
May'O
May'04
L 043.4
%
'OS
85
7l'»4
69 h
98 Apr '03
L09% May'04
104
J-J
FA
no
lllHi U4*« May'Ol
85
M-N
M-N
11 2
116%
A-O 110 S2 112% 111
110
110
b2
85
109 Hi 109 May 04
100*2 106 Hi Mar'04
FA
J-J
1
"a
:
May'04
May'04
Mar'04
,10
115
J-D
Gold 5s
Uui N J KU it C Co aee Pa Rl<
Utah Central See Bio Gr Wee
Utah <t North *<;<; Un Pacific
Utica it Black R See N Y Cent
Val lndX
See Mo P
Ver
lrginiaMid Sec South By
Va it Southw't 1st gu 5s. 2003
1939
abash 1st gold os
VV 2d gold 5a
1930
Debenture scries A
L939
1939
Scries B
eimip
1921
1st lien
8 Id g 5s..
W
Ch Ext
DesMuiu Div
103
J-J
M-N
FA
J-J
J-J
M-S
1st g 5s.. 10 II J-J
1st g 4s. .1939 J-J
Om
9 4',
111
"s
11 >"4
90% 96%
Dec '03
112
114% Apr '02
'
Hi
105
May'Ol
104
llu'4 Sale
1
108
LOS Hi
99
56
109
H.
7
S
100%
109%
81
J-J
gold 3-48
19 13 A-O
a 19 43 Nov
Income us
\Yi M ^ii Car
See .south Ky
116
1
5
5 '
1
lo-,',
'4
1
11
16
1007r 101 4 Apr '03
Sale
133
56 4
L02
108
Jan
hi
I
106% 109 4
56
68
>-j
1112
106% lu-%
b'O
81% May'04
99
1004104
L14%I18
102
'04
4 Apr '04
90
95
A-O
M-S
A-O
1941
Div 1st g 3 His
Tol&Ch Div 1st g 4s... 194
St Chas Bridge 1st g 68.1908
Warren See Del Lac & West
Wash Cent are Xor Pac
Wash o it
See Southern
West X V it Pa lstg us. .1937
Gen
101% West Shore See N X cent
W Va Cent it P 1st g 6s. .1911 J-J
86% Wheel'git L E 1st g 5s... 1926 A-O
Wheel Div 1st gold 5S.. 192s J-J
Extend Imp gold 5s.. .1930 FA
LSI
LOOHi lo.r'
L
05% 109
\s
1949 .M-S
consul 4s
likes
A
I'.ast
it SlOUX F
moiia «v 81 i'
Wil
108
105
\\
WiaCenl
Nov'03
Jan
90
9(1
79%
;>l J4
98
09 4 Mar'03
110
Apr'04
113
J.uy'04
93
40
.Uar'Ol
L12
112
Dec '03
Apr'Ol
May'04
92%
30 H
10914
Ill
Ill
10S>4
I
lu'4
U9 Apr
109%
90
90
90
90
90
;•%
1
14
llo% 110%
lu9
ul
89% 90
lit!
S6
109
91
aee Erie
&M Si P M
See
C A
AM
X w
50-yi ls1 Ken Is. 1949 J-J
Sale
8
88% 90%
IJO.NDS— Concluded.
•
'
Adams Ex
'on
110
60
4 May'04 "8
62
99 Sep 'il.,
99 Jan '0<J
'4
99
92
92
los
92
lo7
Sale
101
(i
J-J
1st g 6s... 19 li
19 li
g 6s. 19 15
s Steal 'in p col lr2d Bs.d'Oi
Registered
April 196;
l
59% Sale
J-J
a 6s 19'_o iVl-N
T
Income gold 6s
U 8 LeatllCo s deb
FA
.1923 A O
(
U
K-A
E-A
A O
J-J
1910 J-J
1913 A- (i
I
ill
Stan Kopoifc
Utah
l)eo'03
105
1
.
H;
.
i'o2"i"o''i"
-
Miscellaneous:
g 6s. .19 2 J-J
l'.i.ii
1
ol
si
I
93
Hs
93 Hi
J-J
J-J
J-J
NO
Registered
1917
1911
1st lien convert 4s
Begistered
1911
Ore By & Nav con g Is. 1946
Ore Short Line Isl g 6s. .1922
1946
1st consul g us
4s it participating
L927
Indunrrlnl
.v
1
J-J
115%
110
93
101% 102
Feb '04
Hi
82%
10s%
108
W
97%101»4
MISCELLANEOUS
Miuiulactnrlng
Bar A S Car Co
Consul Tobacco
lu 34 Sale
92
111
M-S
FA
I
Jan 'ill
Apr'Ol
i'nii;
1(13 '.,
1(17
102
105
99 7e
100^
<fe
Detifc
Jan '03
86
in.'
lu7
...s
r Lai
guar us red
EC
93
99
93
s7
102
KM)
99
102
i
:
giiai gold 3
i
7(1'..
89=!i
/,
nn g 5a
Cent i'ac 81 HI gu
Begistered
-N
65
99
1
Apr '04
Feb '04
100
100
76
105
106
81 34
May'04
119
Ki7 U May'04
108 Mar'04
101
111
103
101
J-J
106% 106%
'04
W
90
102
99 V Sale
90 '» Sale
I
it
110
110
'04
uu'.,
ins'.
114%
108'.
101
TorHamife Bull 1st g4s.A1946 J-D
Ulster it Del 1st coil g us 1928 J-D
n Pac RB i& gr g 4s. .1947 J-J
117
117
97 Hi
97 "a
FA
J-J
TolStLifc Wprlieng3His.l925 J-J
1950 A-O
50-year gold 4s
H4Hill4H>
'04
70 U May'04
93
100
io.;' 4
106
So Pac Co— lolltr g 4 4s.. r.ni,".
Cold 4s (I lent I'ac COll). A 949
Begistered
93
92>a
I
i'en 1st
113%
109
107
108
M-S
M
135%
133
113 a4Lec'01
10\
97VSale
!
con g 4s... 9 1.
j; 68. L918
1st land gr ext g us ... 1930
Consol gold us
1943
Ga it Ala By let con 5801945
it
GaCai
No Lstgng6a 1929
Scab A Boa 1st 5s
1926
slur Bhr .t Bo See M K <t X
Sll 8u Oca ,t li SetAXl Coast. L
Sod May it So 1st g5a
1021 J.J
So Cai it (la See Southern
Fla Cell
Jan
104 H.
113 Hi
J-J
W
A.pr'9"
114H!Mar'04
V
101% 103
102 '4
J-J
1894- 1 9 11
W
Aug'03
A]ir'(i2
Apr '04
110
102
t
130 Hi
121
130
121
IDS
108 Hs Apr 'ill
102 May'04
102 Oct 'OS
102 Apr'04
119 34 Feb '03
H'--' s
A-O
A-O
A-O
A-O
A-O
M-N
M-N
Jan
81%
Sale
!
1
(
8 A it A P See So Pac Co
S K.t N P 1st sink g 58.1919 J.J
Sav e it West SeeAttCoasI 1.
Scioto Val ikNK aee Hoi it V\
Seaboard An Line g 4s. ..1950
Hi
107%
J-J
J-J
1936 M-.N
Is. .1924 F-A
6s. .1914 J-J
See Su Pac Co
Tex&PacEDiv 1st g 6s.. 1905
2000
1st gold 5s
2d gold incus
j2000
1st
Div
M
L
us
1931
La
g
Min \V .t XT Wist gu us '30
1935
Tol it O C lstg us
Western Div 1st g 5s. ..1935
1935
General gold 5s
Kan &
1st gu g 4s. ...1990
1st gold 4s.. ..1917
Tol P &
Mav'lll
Jan
JJ
LM BgeTergug 5s. 1930 A-O
St
119V119H: Tex
May'04
117
J-J
& Nor lstg 63.1939
1st con gold 5s
100
7 9 Hi 84
100
May'04
12S
123 125
L34>al35'a 135
115
N
92% M»V04
Stat Isl
M»y'()2
Hs
<fe
Low LJmh,
110 112
112 113
90 Hi 93 Hi
<fc
May'04
132
Hi's
109 >a
lul
92
73
69
L
.Ye
May'Ol
loo
101
81
lstg
See
High
Apr '04
112
113
By 1st gu g 4H3S..1943 J-D
103 Hi 103 '2 Sunb & Lew Sec Penn RB
Syra
Bing
it N Y
W
122^4 125
See D L
110 112^
X'ebo it N See M K it T
96 '2
er A of St L 1st g4His.. 1939 A-O 110'alll
96
103^105
i
W
1
Ala
Since
Januurg
JJ 106% 107 Hi lOOHi May'04
113 Jan '01
A-O 106 Hi
1st 6s
W
&N
Ask Low
113
or
A-O
Meek
& Ga
Spok Falls
103ia..„. 103*4 103 U
103'*
103VMay'04
May'Ol
124 126 l'_'.r
112 112 Hi 112
112\
96'vMay','4
'.'S'-j
100 Jan '04
82 SaJp
81 a4
82
119
119 H; Feb '04
79 4 Sale
fcO
79 14
101
'2tl
Cull tr
Creenv
W
S
2d gold Os Class C
1906
General gold 6s
1931
General gold us
1931
St L it S F BR consg 4s. .'U0
booth w Div lstg us. .1947
Refunding g 4s
1951
K C Ft B it M con g 6s.. 1928
KCFt s,t M Ky ref g4s 1936
KCitM Kit 15 latgu 58.1929
8t Louis So aee Illinois Cent
1st g 4s bd otfs.1989
St L S
2d g 4s me bond 0tfs...pl989
Consol gold 4s
1932
Gray's Pt ler lsigti g5a 1947
St Paul & i)ul See Nor Pacific
St Paul M & Man 2d 6s. ..1909
1st consol gold 6s
1933
Begistered
1933
J-J
1
1
Last Sale
119 124"s 127 Hi Feb '02
127 129 Hi 130 Apr'04
121 May'Ol
119V....
M-N
1st g 4s. ..194s .M-N
5s.... 19 19 M-N
Virginia Mid ser C 6s.. .1916 M-S
Series D 4-5a
1921 M-S
Series E 5s
1926 M-S
General 5s
1936 M-N
St
Begistered
Dakota ext gold 6a
Moat ext 1st gold 4s
Begistered
it
So Car
84
84
.
Guar stamped
1st ey gu
O ifc
WestN C 1st con g
L <t iron Mount See M P
StLKCcitN ice Wabash
St L M lir aee TBKAoIStL
8t L & S Kran
g lis CI li 1900
1
1916
E T Va & Ga Div g 5s.. 1930
Con 1st gold 5s
1956
E Ten reor lien g 5s
1938
Ga Pac Ry 1st g 6s
1922
Knox it Ohio 1st g 6s. ..1925
Rich it Dan cun g 6s
1915
Deb os stamped
1927
10334 104
:
84
.
Range
June 3
Hia
110
AO
AO
Range
Week's
JTtce
J-ridav
A-O *110Hi....
i
Bichife
103 '4 May'04
101 VNuv'Ol
83
JJ
TClst gusintgu..l937
Consol g 6s iut guar... 1912
Gen gold 4a mi gaar..l921
Wacoife N Wdiv lstg6s'30
Morgan'8 La & T 1st 78.1918
1st gold 6s
1920
N YT&Mex gu Istg4s.l912
1907
No of Cai 1st gu g lis
Guaranteed sold us
193s
Ore <fe Cai 1st guar g 58.1927
S A & A Pass 1st gug4s.l94 3
So P of Ar gu 1 st s 6a...el909
1st guar a 6s
el910
8 Pot Cai 1st g68
1905
1st g lis si in s 1;
1905
Istg6sseri(-.C <t I). ..1906
1 St g 6s scries E A E.
9 2
1st gold 6a
1912
1st con guar g us
193
.stamped
1905-.. 1937
S Pac ul X Mex 1st giis.. 1911
1937
S P Coast lstgug4s
1905
Tex&
1st 7s
Sabine Div 1st g6s
1912
1943
Con gold 5s
Southern— 1st con g 5a
1994
Registered
1994
M ub <t lino coll tr g 4s. 938
Mem Div let g 4V68...1996
St Louis div 1st g 4s
1951
AlaCenR lstg 6s
1918
Atl<fe Danvlst g 4a
1948
Atl it Vad 1st gguar 43.1949
Tire '03
63VjMur'04
92 Mar'03
BKA;P
Borne Wat & Og See X V Cent
Rutland 1st con g 4 4s
1941
Kut-Cauad 1st gu g 4 48.1949
Mart]
i'us
11
Pere
&
i'ee
Sair
tJo&Gr Isl Istg4s...l947
8t Law & Adirou 1st g 58.1990
2d gold 6s
1996
St L & Cairo See Mob <fc Ohio
Beduced
<fe
(
'.''.'
MayOl
H
Col
1940
Pitts
<fc
99 V Sale
;
BioGr West See Den* RioGr
Kio Or Juno 1st gu g 6s. ..1959
KiogrSo 1st gold 4s
1940
Guaranteed
114'aMay*04
112"B
1997
Registered
Jersey Cen1 coll + 4b.. .1951
Benaaelaer & sar aee l) & il
Kich it Dan aee South By
BiCli it Aleck aee Southern
Roch
.
1943
<S
Asli 1st COL 58.192
Co gen g 4s
1997
Heading
ll5H»Mar'04
98 J'ly'97
1
PaoCo—(Continued)
.southern
NO
Penn Co
Ft
Pit is June
Plttsife L Erie
Pitts
123 Hi
Apr '02
110'- l'eb'01
!
Hi
J'ne'03
109
.
-
See B
1
Low High
120
109 3<
H let gag 4s
Pitta* West
STOCK EXCHANGE
week Ending jcne3
N. Y.
17 ".May 'Oil
121
95
109
.
t
W
l
Hi"
Iu9
Phila it Beading cons
Pine Creek reg guar Os... 1932
Pitta Cln A SI L See Penn Co
Pitta Cleve A Tol >" is <fcO
Puts
4
119V
5s
a cii tie*
let gold 6s
:,
9n 4
X..V97
Mar'00
108VA.pr*04
102 ^
Pt Huron Div Lstg 58.1939
Sag Tub A
Uu;
lii:i' 4
121
83
L920
6a
Hiuh
Pec '03
ltOM)>
L'ange
aince
=
lint
I
it l'.M M
4
1 1
96 » Sale
102 %
108
J
Flint
1
Last Sale
Ask Low
Bid
1910 \i
Consul gold 5s
Consul gold 4a
l'.i IS
M
Convertible g 8%b
1912 a
Alleg Val gen gu g 48... 1942 m
CIA: Mar 1st gu g 44s. .19..:
DUKII it Hgc 1st gu 4sg.'30
Gr
1 ex 1st gug44s l'.M
Bun & Lewis 1st g 4s... 1936
BA
Week$
Range or
Price
Fridav
June 3
N. Y.
[VOL. LXXVU7,
4
Bond Record
2324
1
'
9.;
58
82 4
FA
\
in
'"i'i
"
no
M
"n
M
N
"78% sale
M N
74% Sale
price Friday; latest bid and asked.
May'04
i.ii
Feb '04
88
i.
'
38
73
72
74
74
90 4
66
47
85
May'04
109% May'04
14
08%
12%
79%
L6 100
103
1
.
F-A
J-J
A O
100 '1 J'no'02
62 4 624 .Max 'HI
Mai'OI
111
102 4...
80
76 4Mar'0 1
0l"'66%"764 "si"
.M-N
.M-N
M-N
F-A
J-J
J-D
S Yuba Wal Co con tr (is. .1923 J-J
Sn Val Wat Works isl 6a L90I M-S
U SKedJfc Kef 1st si g 6s. 1931
Feb'02
50
J-J
89 4
100
98 4
90 4
80%"* Si) 4
90
91
108 Nov'03
il34J'iy'oo
79 Aug'03
79
H-
aDueJan oDueFeb
1',
1
L3WI
A
gold 6a. ..1910
1 si, g 5s.
1919
Man Boh
gen a 4s.. 1940
Nchji Xe Ship ,t 1) D 5s, il 990
N Y Dock 50 vr 1st g 48
91 Joseph Slk \ ds Isl l 4s. 1930
si Li Tar ctippies stat'n A Prop
in Lai R 4%a 5-20 year.. 1917
1,
HAL
102
87
M
Mad Sq Harden
Fcb'!>3
87
1
1
M
101%
101% Sale 101
.1
1
iiobokrii
V 107
22
col tr g4s
19 is M-S
(mp6s See Cent N
Va g 5a ..1920 M-N
SSi'iiol NV
r.'kl'n b 11 \ '( 11 81 cons g 6a is
'inc.
A SI 5 artl col 6s. L916
id gr ini'niiics.. 1911
.v
let
1
0.7 "a Sa'iV
60
Am
68H3
"9 i%
'62" 87
Am Dkit
i
105
I
!
'•
.,.',"
Feb '04
May'O
in
68% 61%
c
Duo
.Mar
<<
Due Apr ADueJ'ly k Due Aug
o
Due Oct p Due Nov
q
Due Dec *Optionaala
.
June
.
—
—
THE CHRONICLE.
1904.]
4,
Volume
NEW YOKK
Railroad
8
Bonds
State
<bc
Bonds
HOLIDAY
HOLIDAY
Monday
Tuesday
Thursday
"l*87*.76a
161.875
142.494
4)13.287,550
*1, 338,500 '"ii'.ooo"'
15,586,800
1,145,500
13,1
1, '240,500
128,898
11.410,150
1,851,000
571,029
$53,394,450
$5,875,500
Hew York
Exchange
Stocks— No.sliares
value
shares, par..
1903
No Hudson L
1,000
5,875.500
$3,000
5,000
11,676,500
$405,400
305,500
263,542,500
$650,750
323,600
295,423,400
$5,879,500
$11,684,500
$264,253,400
$296,397,750
$3,000
State bonds
RR. and mis. bonds
Telegr
Unlisted
shares
Listed
sliaret
Philadelphia
E
Bond
HOLI DAY
....
3,165
4.980
7,857
1,550
$35,100
24,b00
16,000
22,500
4.474
7,524
5,633
7,231
1.839
3,923
1,321
3,360
$114,100
71, lso
bl.'OO
86,300
28,956
17,552
$98,200
24,862
10,443
$332,680
.
Thursday
Friday
Electric
Wtekly Review
o>
Street Railways
NEW YOKK CITY
BleeckSt&FulFstklOO
Hist mort 4s 1950 ..J-J
VilVy & 7th Ave stk ..100
Hist mort 5s 1904 ..J-D
1j2d mort 5s 1914 ...J-J
Con 5s 1943 See Stock
B'way Burt 1st 5s «u 1924
2d 5s int as reutal 1905
UCem'i Crosst'n stk..loo
111 st 31 6s 1022 ...M-N
stk. 100
HUenPkN <k
flCur't'rA 10th St stk 100
CoUfcOtli Ave 5s .vet Stock
ER
Dry
1)
g ia
-
Ask
33
31
95
96 l<
238 243
a
99 4 101
104 107
Exch
list
4109
4 99 "a
280
4117
202
180
111
101
310
121
208
186
Exch
list
Ist4sl948
CousTracof
llScrip 5a
1932. ..J-D
H Eighth
1914 ....F-A
Avenue
st..-100
liScril) 6s 1914. ...F-A
U42ii»fcGrStF'y stk..l00
42dStM& StNAv.,100
Ijlstinort Os 1910 .M-S
V2d income 6s 1915 J -J
In terborough Rap Tr. 100
W
YkersStRR5sl940A-O
28th & 29th Sts 1st 5s '96
1|Tweuly-Th'd St stk 100
J-J
D*b5sl90©
Union Ky 1st 5s 1942 F-A
Westchestlst5s'43J-J
BROOKLYN
108
100
390
105
390
50
104
80
1
10 4
nil
H»
list
X list
Ave 5s 1909. .A-0 4100
A-O 108
5s g 1931
linpt 5s See Stock Exc li list
BrkC& N
5s 1939. J-J
Gr SMfcNew 1st 5s '06 F-A
Gr"pt
&Lo rimer
St 1st 6s
101
100
230
list
101
105
Exch
Exch
100
111
100
102
106
list
list
Gug'59 1953
No Hud
Coliy6s'14J-J
J-J
5s 1028
M-N
Ext 5s 1924
Pat City con 6s '31.J-D
2d 6s. ...1914 opt A-O
77
78
100
0'J4
113
102
102
1st consol 5s 1948. .J-J
See Stock
280
4
195
CITIES
91
41
76
list
56 U
<S'ee
7.<
-.
434
bO
.510
Exch
list
112
109
106
140
179
112 4
A Ilia-Chalmers
485
87
3
8
100
flAmer Bank Note Co. 50
American Can com.. .100
Preferred
loo
American Chicle Co.. 100
Preferred
100
American Elevated
4
8
40 4
53
4
36
85
75
43
7
lotl
llPreferred
\
AmMaltingOs 1914. J-D 100
Amer Press Assoc'n.100 80
Amer Ship building... 100 20
Prel erred
Am Soda
100
Foun com. .100
100
100
50
50
llPreferred
100
Am'Typefo'rs com... 100
Preferred
100
Amer Writing Paper. 100
Preferred
100
5s 1919
J-J
1st preferred
2d preferred
American Surety
Amer Tobacco com.
HBarney&SmCar
IjPreferred
Bliss Company
. .
...100
100
50
50
com
Preferred
Bond& Mtg Guar.. ..100
4 34
364
984
99
i'8'4
H
B8»a
L2S*a
15
30
70
3
4
14
4
7
11
»8
7
42
48
96
as
14>4
17
19
Ref g 4s 52 op 12. ...J-J
Hall Signal Co
100
491
92
80
8
100
15
Co. .100
100
25
35
15
35
30
40
101
103
Preferred
Havana Tobacco
Preferred
Hecker-Jones-Jew'l Mill
1st 6s 1922
M-S
Herring- HaU-Marvlnl 00
1st preferred
100
100
2d preferred
1
3
30
40
3
6
Hoboken Land& ImplOO 200
H5s 1910
Houston
Oil
Preferred
104
M..N 4102
3
100
17
100
Hudson Realty
4
19
110
146
95
140
Internat'lBaukingColOO
Merc Marine. 100
Preferred
100
Col tr deb 4 41922op'07
International Salt
100
3 l4
14^4
Int'n'l
9
4 104
45
6
International Silver. 100
Preferred
100
1st 6s 1948
J-D 4100
494
Japanese 6s (w i)
John B Stetson com. .100 150
Preferred
100 130
Monongahela R Coal. .60
Preferred
50
Mosler Safe Co
100
1|Nat Euaui & Stamp 100
UPreleried
100
National Surety
100
INev, Cein ral Coal
20
N Y Biscuit 68 1911. M-S
N Y Mtge<fe Security. 100
100
flNew York Dock
100
IjPreferred
N Y Transportation... 20
100
100
100
50
50
100
100
Preferred
Pittsburg Brewing
Preferred
Pittsburg Coal
Preferred
Pratt & YVliitn pref.. 100
Realty Assoc (Bklyn)lOO
Royal BakPowd pref. 100
Russell At, Erwin
25
Safety Car Heatds Lt 100
Seminole Mining
5
Simpson Crawford Co 100
Deb a I O.s '24 op '05.. J -J
Singer Mtg Co
100
Standard Milling Co. 100
Preferred
100
102
94>4
150
84
160
260
115
20
170
275
65
68
23
10
57
t
20
4
62
L«a
7
I.
84
102 4
25
15
IS
*»0
85
115
42
104
115
18
43
120
44
125
20
33,
3
i\
28
83
4 14
4
4>4
81
86
1
24% 25
t
44
d
L4»8
54^j
\
4
1'4
64
t
Nor Am Lum'r&PulplOO
IfOntario silver
otis Elevator cum
33
734
t
S3*
15
75
50
43
..100
Preferred
100
Madison So Garden.. 100
2d 6s 1919
M-N
Manhattan Transit
20
Mex Nat Construe. pf 100
6
105
Stock Exch list
N Y & E R Ferry stk. 100 70 75
90
1st 5s 1922
M-N 4 89
N Y'&Hobcon 5s'46.J-D 105
Hob Fy 1st 5s 1946 M-N 4108 110
104
N
J 1st 5s 1940. J-J 102
60
40
10th & 23d Sts Ferry 100
96
1st mort 5s 1919.. .J-D 4 92
30
31
II Union Ferry stock .100
b9
88
1st
5s
1920
M-N
II
(1
144
">
20
44
Mackay Companies
Railroad
Susq pref ...50
8
15
36
IILorillard (P) pref ...100
Ferry Companies
4
10
L02>a
HackensackMeadowslOO
Hackensack Water Co
Lanston Monotype
20
Lawyers Mort I nsur.100
65>4 Lawyers' Title Ins. ..100
19
106 '4 106 34
East River Gas
J-J 4110
lstos 1944
Consol 5s 1945
J-J 4106
N Y & Richmond Gas. 100 35
Nor Un 1st 5s 1927. M-N 4103
UStandard Gas com ..100 130
ITPreferred
100 156
M-N 41104
1st 5s 1930
NY&
Amer Light &
148
4"ie 4X3 16
238 245
Chic Peo & st L pref.ioo
Deposited stock
110
4106 109
k Exc h list
16
164
Stk E X. lis!
100 4
114
OTHER
145
&
14
12
1014
Istg5sl951
185
88
NY&QElL&PowColOO 37
72
Preferred
100
18
United Rlectricof N J100
65
48 1949
J-D
Buffalo
Gas Securities
NEW YORK
Cent Union Gas 1st 5s...
Con Gas (N Y) stk. See St
Rights
Ecjuit Gascon 6s 1932 See
100
II Mutual Gas
New Amsterdam Gas
95
92
97
Y&N
48
4
4
lO^
I
Companies
Con 5s 1948
67
3 34
1
84 10
Undeposited stock.
694 70
Priorlieng44s'30M<feS 4106 109
85
87
91
Si
Con mtg g 5s 1930. J&J
4100 101
25
16
Income 5s 1930
115
J112
Ch R I &. Pac4s (\vi).... 4 93 4
110 111
"o"7"
Eriecoiiv4sAi>rl'53A<fcO 4 84
4103 4 1044 Northern Pacific
100
124
4122
135
132
When released
4100
97»4
97
Northern Securities.. 100
100 102
Reduced
2h 2 4
984 100
36
33
Puts Bess&LE
50
list
77
74
Preferred
50
101
1024 Seaboard Air Line
90
87
874
Coll tr 5s '07 op ( w i)M-S
4100 4 102 4 Va <fc Southwestern. .100
35
25
13
14
Industrial and lUiscel
56
57
Exch list
90 100
Alliance Realty
loo
17
NY G EL H&P
See St k Exc h list
1
as 100
102
N Wb'g& Flat 1st ei4
274
4
360
Kings Co. Elevated—
1st 4s 1949 See Stock Exch list
Nassau Elec pref
100
75
A-O 1104 112
5s 1944
1st 4s 1951
M-S
8»4
60
Havana Commercial. 100
B& NY 1st 6s 19.11. J-J
114
100
5s rects 1st iusal paid.
90
100
1024 104
35
104 l4 1054
180 200
115
78
82
47
52
118
121
5
»a
com .100
75
17
98 H HDianiond .Match Co.loo 127 4
Dominion Securities. 100
100
6
100
Electric Boat
100
25
Preferred
100
64
S3
5
Electric Lead Redue'u.So t
4
Preferred
1
109
50 t
Electric Vehicle
100
6 34
186
75
Prelerren
100
94
107 »4 Electro- Pneum'ic Tran 10
's
Umpire Steel
100
54
104
Preferred
31
100
44
8
IJGeneral Chemical ..100
93
52
llPreferred
100
6
Gold Hill Copper
1
te
102
Greene Consol Copper.10 t 14
86
98
Brooklyn Ferry stocklOO
104 a4 105
5s '30J-J 4112
1st 6s '05 A-O 4100
Essex Pas 6s 1905 M-N 41014
Rapid Tran St Ry.. 100 240
1st 5s 1921
A-O 4109
J O Hob&PatersonlOO
M-N
48 g 1919
So J Gas El & Trao 100
1\
99
114
4
Or&Now
110
405
106
405
75
107
85
112
Con
1933. .A-O
Brooklyn City stock... 10
Con 5s See Stock Exch
Bklu Crosstn 5s 1908.J-J
Bkn Hgts lstos 1941 A-O
BkluQCo&Sub See Stk
Bklyn Rap Tran See Stk
DCoueyls. & Bkiyn ..100
1st cons g 4s 1948. .J-J
J-D
Ask
6-5
Stk E x list
192
1S5
Rochester Ky
100
205 208
100
Preferred
8102H 103 "a
Con 5s 1930 See Phila
4111 H 112 4
176
2d 5s 1933
J-D
172
So Side El (Chic) stk. 100
4102 106
108
Syracuse Rap Tr 5s 1946
4105
Exch list
\JnitRys(StLTraus) 100
100
100 1U6
Preferred
Gen 4s 1934.... See Stk
104 106
113
UmtRysSanFran &eeStk Excli
4110
Wash Ky & El Co... .100 14
390 400
100
55 5&
Preferred
96
99
75'%
J-D
109
111
48 1951
101
105
HWest Chicago St ....100 41
IJCong 58 1936. ...M-N 4 72
Atlan
BB&WE59
684
644
New'k Pas Ry
Lex AV & Pa v F 5s See St k Exc
Met ropol Securities See Stk E
Metropol Street Ky See
Ninth Aveuue stock. 100
Second Avenue stoeklOO
lilstmort 5s 1909 M-N
F-A
Cousol5s 1948
Hsixth Avenue stock 100
Sou Boulev 5s 1945. .J-J
So Fer 1st 5s 1919. ..A-O
Third Avenue See Stock
P <& M 5s 1928
Tarry
M-N
N J...100
1st 5s 1933
E B & B—
111st gold 5s
Street Railways
£%d
Lake St (Chic) El stk. 100
24
1st 5s 1928
J-J 4 97
IlLouisv St5sl930..J«fcJ 4113
Lynn&Boslst5s'24.J-D 4112
100
NewOrlBysCo
84
Preferred
100
2>j4
J-J 4 73
44s 1052
72
North Chic Str stock. 100
Pub Serv Corp of N J 100 95
Tr ctfs 2<>/0 to <i" perpet 47 4
20
North Jersey St Ky 100
14
C5
13
1
103
15
li
Outside Market will be found on a preceding page.
IJCons lun-w'ks
1) Preferred
Ask
/;,,,
(
Telephone
Chicago Edison Co. ..100
General Elec rights...;..
Hartford (Ct) Elec Lt 100
KingsCo El L&P Co 100
Narragan (Prov) El Co 50
Outside Securities
A
«fc
mid Mined
Cotton OilJi Kil>re,!>i
Cramps' Sh iv BSn Bulg] 00
1,'Crucible Steel
loo
100
fl Preferred
Cuban 6s of 1896
48
64
Y&N
.
6.5R7
9,904
5,928
6,537
Tuesday
Total
sales
XCHANG E8 CLO SED
....
Wednesday
Bond
Unlisted
shares
Listed
shares
sales
list
HCentral & So Amer .100
Ches<fc Poto Teleph.. 100
J-J
5s 1909-29
1] Commercial Cable ..100
Commer Un Tel (N Y).25
Emp & Bay State Tel 100
Franklin
100
100
IJGold & Stock
114 4s, 1905
96
92
Hudson River Teleph 100
145
J Teleph... 100 144
UN
5s 1920 See Stock Ex ohang e list
123
H Northwestern Teleg. 50 120
78
82
Pacific <fc Atlantic
25
103
H Southern & Atlantic 25 100
EXCHANGES
Boston
69
& Pow—
D Amer Teleg & Cable 100
BeU Teleph of Buftalo 100
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Week ending
June 3
iyo4
II
inliiHtrml
Cons By Li^iV: Refrig. 100
Consul Rubber Tire.. IOO
Debenture 4s
Cons storage Battery 1 00
"out Tobac deb 7s'0oA-O
5.)
A-O 3101
5s 1938
3
110<ft IndCNatcfc 111. 100
48
J-D
1st 6s 1926
46
Pat & Pas Gas & EleclOO
M-S 101
Con g 5s 1949
93 4
St Joseph Gas 5s 1937.J-J
90
St Paul Gas Gen 5s'44M-S
95 4
Syracuse Gas 5s 1946. J-J
46,410,744
70,392,646
3.613,454
671, 029
$53,394,450 $335,131,900 $4,319,227,025 $6,637,674,475
4314,500
$24,500
$260,450
$15,500
BONDS
Government bonds
Total bonds. .
June 3
1904
1903
1904
1 to
4
103
•;
$3,000
$1,000
January
Week ending June 3
Sales at
Stock
$3,000
I
Compressed Alt Co... loo
Consolid Car Healing loo
93
63
29
I
Bonds
Par value
Shares
iyt)4
STOCK EXCHANGE
WEEKLY AND YEARLY
Stocks
Week ending
June 3
Bank
Axk
i
DAILY.
-
2325
tia» Securities
J! id
92
Kssex & Hudson Gas loo
58
..it Wayne 6s 1925. .J-J
28
Gas A Bi Bergen Co. .loo
Grand Rapids Gas—
F-A 8101
•ilst 5s 1915
47
Hartford (Ct) Gas L...25
100
68
Hudson Co Gas
Exch
,S'ee Stock
5s g 1949
Indiana Nal & in Gaa—
.M-N
44
1st 6s 1008
58
Indianapolis Gas stock 5U
M-N 41014
1st 6s 1920
81
50
Jackson Gas Co
A-O i.
5a g 1937
10
100
Kansas City Gas
97 4
A-O
lios 1922
100
Laclede Gas
80
100
llPreferred
58
Lafay'eGa8l8t6s'24..M-N
50
Log<&\VabVl8t6s'25.J-D
4106
1926.A-0
Madison Gas 6s
Newark Gas 6s 1944. Q-.T 4135
73
.Newark Consol Gas. .100
S-D 4107
lIUoii g58 1948
Stock Exchanges
of Business at
TRANSACTIONS AT THE
.Par
—1
—
'
97
116
102
61
183
'
4
45
14T8
56
103
68
190
'4
t
30
80
390 415
8
64
2S
25
76
74
619 620
32
28
125
110
25
5s
56
Standard Oil of N J. .100
4 '4 Standard Coupler coralOO
36 4
loo
Preferred
3
*4
90
Storage Power
50 t
10
80
Swift & Co See Boston St k Exc ii'ge
4 1st 5s 1910-1914. ...J-J 4100 101
32
102
Tennessee Copper
26 \ 30
90
75
90
UTexas & Pacific Coal 100
22
1st 6s 1908
A-O 4105 110
l
86 4 Title Guar & Trust ...100 430
4
Title Ins Co of NY.. 100 130
70
63
Touapah Min (Nevada). t 1\
10
11
14
TrentouPotteries com 100
82
157
164
Preferred new
loo
250 500
Trow Directory ue w. . 100 65
136 140
Union Copper
4
10 t
25
30
Union Switch & Signal 50 t 65
84
87
Preferred
50 1
82
3
24
Union TypewT com.. 100
114 124 1st preferred
100 111
73
734 2d preferred
100 111
1 4
10
20
Unit Boxboard& Pap. 100
11»4
110 118
Preferred
100
2
100
140 150
U S Cotton Duck
140
160
U S Envelope com... 100
60
Preferred
100
345 360
H
119 120
US Realty* Imp (wi)100 46
109
111
5s g 1924 opt (W D..J-J 482
5
*4 U S Shipbuilding (w i)...
4t
30 4
Preferred (w i)
113 115
19
13
18
5 certif s
65
60
U S Steel Corp new 5s See Stk E
85 \
2
J
440
140
8
13
85
75
"B
105
84
113
113
14
12 4
24
20
65
48
85
494 51
Borden's Cond Milk. 100
914 92 4
Preferred
100
loo
l
3
50
3
4 Camden Land
16
OTHER CITIES
98
Celluloid Co
Binghamton Gas 5s 1938 4 95
100
21
Buffalo Street Ry
Cent Fireworks com. 100
Brooklyn Union Gas deb
x list
1st consol 5s 1931.. F-A 41114 113V
186
Preferred
6s 1909 conv '07. ..M-S 183
100
7
Deb 6s 1917
A.O 4105 107
4
5
1*4
Central Foundry
Buffalo City Gas atocklOO
14
Col tr si 5s '51 opt '11 .. J105»., I06 e
100
Chicago City Ry stk. 100 168 175
Preferred
1st 5s 1947 «S"ee Stock Exch list
100
74 84 Coltrsf 5s '51 not opt.. 4105 4 106
Chic U uionTrac See St'ck Exch list
94 10
Universal Fire Ext'r. 100
Chicago Gas See
Stk Kxcl: list
Deb 6s 1919 op '01M-N 50
53
1>*
Cleveland Electr Ry.100
4
70
Universal Tobacco... 100
714 Cincinnati Gas & EleclOO 101 4 1014 Century Realty
100 100
2
4
Columbus (O) StRy.JoO 90
100
Preferred
100
Cbesebrough Mtg Co 100 420 440
924 ConsolGasofN J
Preferred
100 106 107
91
90
Westchester & Bronx
J-J 489
nciarliu(H B) 1st pref 100
05
1st 5s 1936
150
Colum Ry con 5s See Ph ila list
90
Title & Mort Guar Co. 130
95
Consumers' L H & Pow—
100
1J2d preferred
'33.
Crosst'wn 1st 5s
J-D
106*4
Westingh Air Brake. .50 1128
J-D 4101 102
90
98
llCommon
5s 1938
1 00
Grand Rapids Ry
64 7V»
100
60
50 t
Col & Hock Goahfc 1 pi 100
White Knob Mining. 10
65
80
624 UDetroit City Gas
Preferred
Worthing Pump pref.100 113
100
90
1st g5s 1917
90
Elizabeth Gas Lt Co.. 100 200
J-J 4 85
4 Buyer pays accrued interest,
a Ex rights. xExdiv, 1] Sells on stock Exchange, but not a very active security.
t Sale price,
t Price per share,
Steinway 1st 6s 1922.J-J 4115
Tract. 100
Preferred
Bay State Gas
NY
.
%
1
84
1
1
11
BOSTON STOCK EXCHA.NGE-Stock
Share Prices— Not Per Centum Frier*
Saturday
May 28
Monday
May
69 '«
92 %
fl
88»4
2
140% 141
2
1
I66 3
1
.i
169
11
182
l-l 1
139
1
119
182
118
xl82
•160
243»4
V 141
141
119
'13 J
'
•182
....
6
186
34
230
200
•77
78 4,
69% 69 34
186
228
200
230
20034
•76% 78
6934 69 3 ,
-34
....
7%
•7
200 a
200
.
Last Sale
*69 34
140
•14
"73
15
•4%
69%
Last Salt 33
Last Sale i5>«
Last Sale 42
Last Sale 87*4
Last Sale
•18
90% •90
Last sale /74i
Last Sale 35%
Last Salt
14
14
.
4%
19
11234 113>2
8% 9
9%
9%
*534
5%
6%
235
156
40
235
156
40
155% 156
40
40
80% •30%
801*
174
175
•1% 1
121% 121%
5%
2343, 234 34
174
•1%
8034
1741-2
I**
•1214a
83^,
92
904i
.
125% 126% 125% 127
126 126
126 126%
125 125
124% 125%
10% 10%
10% 1034
74
74% 74)4 74%
*11234 113%
82%
140
20034
May'04
70
May'04
Oct '03
Eeb'04
May'04
Jan '04
91
165
1113811136
*18
19
904j
....
4*4
4%
200
111
14
•73
May'04
Apr'04
7S42
70
165
90ia
70
7
9042
90%
4
187
83%
....
1
7
162
•90
111
165
1724j
1
72 42 sr694»
72
•62% 65
•62% 65
83
83 % 83%
83
83
9078 90% •90
90»4 91%
162
18
186% 186% 186
Last Sale 162
Last Sale 232
73<
186
228
200
•34
18% 18%
72% 73
7»4
186
140
•
119
182
182
/<S0% Apr'04
181
Apr'04
134% 134 4,
May'04
3.9%
79*4
May'04
42
Mar' 03
172%
'172
174
•18
18
72
Ml
138
280
18
72
*634
24334
1
13334
'174
69%
Last s a
136
May'04
Mi; 4.
166% 166 34
168"
Last Sale
May'04
hast Sale 300
May'04
«;<.'
10
EXCHANGE
92»4
Last Sale
Last Sale
134% 134% 131%134%
•38% 40
•38% 40
Last Salt
•78% 79% *78% 79>j Last Sale
Last Sale
-160
'280
904a
111
Eeb'04
J'ly'03
Jan
'04
NTNH
NH
& Roch.,100
miscellaneous
Wore Nash
Amer Agricul Chem.100
*73
74%
76
Do pref
100
•4
44,
4
44a AmerPnouServ
50
Last Sale 18
May'04
Do pref
50
126%127% zl25
125 Amer Sugar Refln
100
12642 126 4,
Do pref
100
126" 125" Amer Telep Teleg.100
12434 125
*10% 1042 10
10% Amer Woolen
100
74
74 42
7442
74 34
Do pref
100
15
14
144a
<fe
Last Sale #%
Last Sale 114
Apr'04 Boston Land
10
May'04 Cumberl Telep & Tel 100
9% Dominion Iron <& St
• 5 4j
*54a
6 East Boston Land
233% 233 4 *
235 Edison Elec Illnm...l00
1
155 4 155% •154
156 General Electric
100
40
40
40
40 Mass'chusettsGasCoslOO
*8%
9
6%
9
80%
80!4
Do pref
100
173 4; Mergenthaler Lino. .100
Last Sale Z%
May'04 Mexican Telephone.. 30
12142 1214: 1204a 121 N E Telephone
100
8042
804a
173
173
1904
the
Week
Sha res
ItnilroadM
Atoh Top <fe Santa FelOO
Do nref
100
Boston & Albany
loo
Boston Elevated
100
Boston & Lowell
100
Boston* Maine
loo
Do pref
loo
Boston & ProvKlfiicr LOO
Chic June Ry<fc U S VI 00
Do pref
100
Con<fe Mont Class 4.. 100
Conn <fe Pass Riv pref 100
Connecticut River... 100
Fitchuurg pref
100
Qa Ry<& Electric
100
Do pref
100
Houston El'tric com. loo
Maine Central
100
Mass Electric Cos
100
Do pref
100
Mexican Central
100
& Hart. ...100
Northern
100
Norwich & Wor pref 100
Old Colony
100
Pere Marquette
100
Do pref
100
Rutland pref
100
Savannah Elec com.. 100
Seattle Electric
100
Do pref
100
Terre Haute Elec
100
Union Pacific
100
Do pref
100
Vermont & Mass
100
West End St
60
Do pref
50
Wisconsin Central. ..100
Do pref
100
173
Last Sale l
Last Sale 14%
c
o
211
210
212
'210
211
211
8
HiqKest
Lowest
K
5\
5
1 34
642
50',
49
49%
•94a
10
14.
1
1
: :
Marll
Marl6
Apr It;
Feb 24
Apr 18
May27
230
18 165
L66
293
4" 137»4
112 lis
Jan
14 182
160 Apr 6
276 Jan 25
01 13442J'ne 1
24
'4
73
Jan 2
Jan 2"
Jan 6
6 172
126 16 34 Feb 25
52
69 May It;
100
5 Apr 25
135 18542 May 2 5
162 May27
222 Jan 29
67 198 42 Jan 7
75 Fobl6
12 68 Marl?
30 Mayll
40
•9% 10
40
•40
•40
•50
"*7%
t
8
201
20%
•3742 •43
444 444
•19
8
2034
••37
'444
19 %
•8%
94?
-26
•25
43
24 4,
42
24
65
r
•50
'
'",7" •50
19
4j
20*4
•43
452
'4
•8%
•25
41%
•24
19
4,
94;
-25
342
3
1%
14i
7
•6'.,
413,
69%
24 4)
60 4,
•134
7
2%
338
8%
4
4
•50
4%
39
39
Vi
•40
-76"
"a
•5t;%
23 %
80
64.
85
'.
«6
7
14.
6'.,
4
3
4;
60
4 4,
89% 89%
•342
I
•50
•40
•86"
76
4
•50
'
12
4.
67
24'
1'-.
1
2
'-2
•76
18
564a
234a
68%
1%
IV
»80
82
1
•60
1
4j
•1%
6%
1%
6%
9u
8.
49
4942
49 »4
3'4
50 1242 Apr 14
46 71 Jan 5
15i4
Janl3
76
Jan 23
254
342 Feb 4
6 Mar31
17 Feb27 21
Mar31
2,562 1224jEeb24 131 42 Jan 25
196 122 4a Jan 5 126 34 Apr26
680 1194, Febl9 130 42 Jan 25
9 Feb 19 12»8 Jan 6
337
419 6842 Jan 19 774, Mar30
Sep
Jan
Jan
7
Jan
75 Jan
Jan
91 4a Oct 104% Jan
J'ly
J'ly
Jan
102
2
4a
Mar'29
lll%May21
51 May 13
29% Apr 30
8 Jan 23
79 a4 Apr-.
17 42 May 5
68 Apr 29
12% Jan
71 34 Oct
.">
1
1
,
3»4
4
„ st
8a
1
J'ly'03 t'onnessee
3-'4
1
19 \
33% 83%
2% 24a
5% 6*8
•94,
33%
04a
33<V
83%
33°b
71
B»t
B«a
23,
5 4.
71
•60
78
70 4a 70 4.
70
•60
•50
75
!:
,
26
26
25
Mar'04 United Copper
100
19%
19% Unltedstairs Mining 26
•
4j
Unit States Coal &Oil 25
3334
34 Utah Con (Gold)
6
2 '4
24, Victoria
26
*;>4a
Winona
25
70
70 Wolverine
26
•50
•60
Wyandot
25
334 Trinity
t)
70
75
Before, pay'kof assess't* called in 1904.
-Bidandaakeu.
2
176
3 a4
6
1,116
60
Jan
18
8% Jan
1,226
30
85
d'l
610
06
69
6
60 •50
New stock.
Mar 26
Marl9
33
Jan
4j
Jan
4
4
2
2
% Jan
6
6 Maria
Jan 20
10%May2:;
35 4i Jau ls
22
4
Apr 22
Feb 23
7% Jau 6
Jan 5 76 Mar 9
Feb 23
l%Jan 4
95 %
J'ly
10
49 34
'50
7 %
Nov 28
71 Oot 102
67 Oct 108
80 34 Oct 110
Jan
Feb
Feb
Jan
Dec
Jan
2
3% Jan
18
8% Mar
75% Max
•50
Feb
1% Feb
6 Jan
12 34 Mar
J'ly
15%
31% Feb
33 34 Oct
Sep
•75
•26
Apr
6% Feb
Mar
14% Feb
Dec 39% Fob
Dec •90 Mar
J'ly 551
Max
•95
Oct
7
20
•40
400
•os
Feb
10
12
J'ly
31% Feb
6 3»
4
•35
Sep
Nov
10 %Sep
37
31
Jsov
Feb
9%J'ly
% 2 Jan
12
16
75
Mar
Feb
48% May
59% Oct 131%. Ian
106 Oct 118% Feb
2 Oot
6
Mar
7 J'ly 14 Feb
334 J'ly
•50
Dec
5% Apr
3
Jan
6% J'ly 17% Feb
3 J'ly 18 Feb
50 Dec
2% Jan
43^ Dec
ll%Feb
31 J'ly 63 Feb
Nov 8 Max
2
65 Nov
2% Jan
May 1 % Jan
6
J'ne
•80
2 % Feb
Oct 23% Feb
5
.
43 4;.J'ly
-
16
J'ly
2% Dec
80
Oct
75
Nov
1
7
75
J'ly
•25
Nov
Deo
1734 Jau
5
237
10
May
18% Feb
57 % Jan
Nov 39% Feb
Nov 89% Jan
Jan 80 Mar
Oct
9
2
62 4a Apr 8
75 Jan 14
11 Jan 26
83 Jan 21
85 Jan 21
100 Jan 15
Jan
Jan
62% Jan
a
8 4 Jan
310 Feb
204 Feb
48 34 Feb
88% Feb
190 Feb
2% Jan
139 Jan
20 Jan
5 34
127
Jan
Feb
99 J'ly 132 Jan
3
J'ne
25
26 4 Jan
28 J'ly 2934 Jan
134 Jan
5 Apr
91 Aug 111 Jan
38% Oct 53 Jau
27 Aug 31% Fob
7 Sep 15% Feb
"
t>.">
Deo '03 Tecumseh
85
71
25
84 34
9 Nov 26 Feb
66% Nov 86% Feb
3 Sep
7 Mar
12 Sep 24 Mar
107% Oct 134% Jan
116 Aug 123% Deo
114%Oct 169% Feb
634 Oct
14% Feb
65 Oct 79% Jan
3%J'ly
3 42 Mar28
3 7g Feb 16
Oct
1124a Jan 15 115% Apr 15 115
3
6% Nov
365
7 4 Feb 29 12 May 7
5% Oct
100
5 4a Jan 23
63gAprl4
110 230 Feb 20 240 Jan 10 223 Dec
185 154 MaylO 17842 Jan 22 133 Sep
441 373s Mario 43% Jan 5 30 J'ly
468 7734 Marll 82 % Jan 5 74% J'ly
46 173 J 'ne 2 180 Marl2 16434 Aug
l%Oct
Jan 25
14, Apr 30
2
79 118 Feb 2;; 127 Aprlii 121 Nov
9 Apr
Marll 4 Jan 28
1
10 Mar28 16 Mar 14
10 08 Mai-15 219% Jan 22 197 J'ly
4; Jan 19
6% Dec
98
8% Apr 14
1
94a
ti
Adventure Con
Allouez
Jan
"
<
19 34
• Before pay'tofaaiess'tscaUed in 1903.
142
6
Apr
Jan
Apr
Mar
405 71%Marl4 89% Apr 4 66 34 Aug 104% Jan
59 86 4, Mar
94 4, Apr 6 83% Oct 95 Jan
16 160 Mayl6 168 Apr 21 2162 Sep 178 Feb
16 89 Jan 4 93 Marl6 87 4a Aug 97 Feb
6 108 Jan 4 1134sApr26 108 Sep 116 Feb
17% Feb 26 17 42 Feb 26 15% Nov 26% Jan
38% J'ly 52 Jan
145 Jan 7 145 Jan 7 144 Sep 150 Jan
1
Last Salt 75
L a a S a 1 *3
2%
305
Sep 157
J'ly
68
30
3
Jan 26
Jan 6
>
•19 "8 IO34
*9 4j
9^4
6»4
Feb
92
65
1
/.
2
Jan 13
Jan 20
75
39
(
1
«3 a4
J'ne 195
J'ne 177
Xnv 123 Jan
Nov 196% Mar
Jan 170 Mat
281 Apr 6 270 Aue 286 Feb
141 Apr 7 131 J'ly 143% Feb
40 May 2 25 Oct 39% Jan
80 May 2 75 Dec 83% Jau
Mai 42 Mar
42
175 Apr 26 173 4a May 180 Feb
Nov 3734 Feb
1 7
24 Jan 21
80% Jan 2 7 75 Dec 96 Jan
14 Jan 11
8% Nov 28% Apr
196 Jan 2 USS^Mav 225 Jan
163 4a Apr 7 16l%Det 173% Mar
232 Apr21 220 Sep 232 Mar
207 Apr 21 196 Aug 212% Feb
80 4a Feb 1 74 J'ly 91 May
Jan 15 42
87 4jMayj.-,
65 Jan 6
Aug 250
230
161
170
290
133
110
124 4a Jan l!
184 4a Mavio L84
1 624a Jan
4 160
'•
82
1
301
146
142May26
25
3 Jan 18
275
25
4a
180 d33 16 Mar 8 t5%May2C
49 3g Amalgamated CopperlOO 7,047 43 Feb 8 53 Feb 2
Last Salt 75
Mar'04 Amer Gold Dredging 6
75 Mar21
Maris
1
Last Sale S^34
May'04 Am Zinc Lead & Sin. 25
8 Feb23 11% Apr 6
Last sale 19 7b Apr'04 Anaconda
15%Feb24 19% Jan 12
25
•40
••40
-40
-50
Arcadian
26
Jan 23
1
150 25 Feb 2
Last Sale 25
Apr'04 Arnold
25 Jan 13 25 Jaul;
26
*73
7 42
*84, Atlantic
'206
8%
4
Fob 1
7
8 34 Jan 20
20 4a 2034 Bingham Con Min&S 25
•204a 21
50
125 lit Mar 2 23% Jan 21
-30
•30
•37 4a -43 Bonanza (Dev Co)... 10
39
Mayll
50 Mar23
20
445 415
444
450 Calumet & Hecla
25
7 435 Jan 4 470 Apr a
LastSale '05
Apr'Oa Catalpa (Silver)
05 Apr23 05 Apr 2.,
10
19
19
19
19 4, Centennial
25
210 d 14 4a Feb 8 22% Apr 8
Last Sale y*4
May'04 Central Oil
7 Jan 5 10 May20
26
"25
•25
•25
24
-25
Cons Mercur Gold... 6 i",050 •25 May24 75 Jan 5
Last Salt H's4
Apr'04 Continental Zinc
7 4; A pr 5
25
12% Apr
41 4i 41'
41%
41% Copper RangeCouColOO 1,642 38 Feb 23 47 42 Jan 2
23 a4 24%
23 J4
24 Daly-West
20
610 204a AprlS 36 Jan 2
69% 60
60
60 Dominion Coal
100
265 6134 Mar 5 72 Jan 2
112
112
pref
Do
100
Jan 22
6 107 MarSl 113
7
2 4.
l a4
8
24,Elm River
2
Feb 6
12
2 42 Jan 6
60
7
7
74, Franklin
7 J'ne 2
26
9% Jan it
65
SHs
3*18
•36ia
3 4i Grauby Consolidated. 10
Maria
4% Apr'.:
220
1'4
1
1'8
•62
's
1% Guanajuato Consol.. 6
Feb
Apr 8
16
2
4a
489
7
734
8
Isle Royale (Copper). 25 4,888
4j May
9 4a Jan 2
34a
34,
8"s
3 4a Mass Consol
3
Feb:
26
300
4% Jan 18
Last Sale
•50
May'04 Maytlowor
Marl4 •87 4» Jan 22
26
""65
4 >4
4 14
4
May
4 Michigan
4
25
6
642 Jan
3:»
39
•39
34 8 Fob 8 44% Apr
25
894a Mohawk
82
•3 42
3'.,
2 '4 Jan 19
3 3< Montana CoaLfe Coke
5
Mayl
200
Last S a 1 •50
50 Feb 18 82 Aprl
May'04 Montreal & Boston.. 5
•75
Last •>(/
2."
Muv'03 National
..
•75
•JO
•75
'2.1
Old Colony
260 •7.') Apr 18 *"i%Apr'28
1-' 4a
124 •12
'."., l-'eb
13 Old Dominion
26
14% Apr
50'
56
56
66 4: Osceola
26
175 53 Fob 8 62% Jan
2 3 '4 28 V •23
23
l'arroR(Silv<Ss Copp) lo
80 20% Fob 1 29 4a Feb 2
•1%
-IV,
v
I 3 I'lmnix Consol
l%J'ne 1
26
S-io
3 Jan
•80
•80
82
Fob 25 100 Jau
Quincy
26
11 80
LastSale 50
•50
May'04 tuiode Islainl
May28
26 "
1% Apr
1'4
"200
14»
14,
14, Santa Fe(Gold& Cop) 10
14, J 'no 2
2% Jan 20
s>.,
5 7e
7
ihannon
5 4, J'ne 1
10 8,835
9% Janl
85
85
85
85 Tamarack
25
27 86 May3 120 Jan 19
14a
•5!4
/
I "a
•00
•1%
*1%
3 4a
•50
•60
•4
1 -'
42
169
171
!'
iio",
2
•7
Apr 2:;
Jan 2"
Jaul
Apr 2
Jan 26
240
raining
142
64,
14a
5>4
Highest
64
61
(j
1%
5%
49%
Lowest
Marl 4 75V, April 54% Ang 89% Jan
ss Jan
85 Aug 103% Jan
94% Aprl
7
212', MaylO 251 Apr 25 244 J'ne 262 % Feb
"
15 .r 1 7 Fob
142 4» Apr 25 L34 Aug 154 Jau
116
,
to
Range tor Previout
Year (1903)
Jiange lor Year
Sales
or
May'04 PlantComt'ststkcomlOO
May'04
Do pref
100
211 Pullman Co
100
•8
8% •8
ft
842
Reece
Button-Hole..
10
100% 100% 10042 100 % 10034 100 34 100% 10042 Swift <fe Co
1^)0
121 2;9934 Mar21
22%
224, Last Sale 25%
Aug'03 Torrington Class A.. 25
Last Sale 28
Sep '03
Do
pref
25
-2
•2
2l 16 Union Cop L'd & Mg. 25
3
3
2%8
2%e 2iie
2 Jan 16
200
110%lll
110 110% 110 1104, 109 4a 110 United Emit
100 1,170 95 Feb 8
•48
49
48 34 48 3
4834
49
49
4834 United Shoe Mach... 25
151 45% Feb 2 6
29
29
29
29
29% 29 4s •29
29
Do pref
25
48 28 Jan 28
Last Sale 3%
May'04 U S Leather
100
6 4a May 1
j
Last Sale ?y 4 May'04
77 Jan It;
Do pref
100
LastSale ^74a May'04 U S Rubber
loo
10 34 Feb 6
67
67
40 4a J an
Do
pref
100
10
8Tg
8?8
*8% 9 '4
9
9
8%
100
8% May 13
8% U S Steel Corp
470
5234
63% 533.
53 43 53 '4
52% 53
6342
Do pref
100
,628 51%Mayl3
•65
•65
•60 •75
•65
•65
•60
•75
West End Laud
25
350 •50 Apr 12
7
7
7
7
64a
642 West Telep & Teleg.100
6 4aJ'ne 3
105
•77" 80
•77" 80
•77
80
77
77
Do pref
100
76 Marll
1
•76
77*8 77% *76
78
79
Westing El & Mfg... 50
77%May31
19
•90
•90
95
Last Sale 95
95
May'04
Do pret
50
944a Mar 3
•210
l-l
CD
24:i
•300
139
118
138
118
K
w
K
o
w
243
'140
1
169
*
'300
'
"a
232 240
240
166%lt>6%
'232
'
3
1
•1 10',
Friday
•66
92
STOCKS
BOSTON STOCK
June 3
69
69
92
68»,
92%
244
'243
Thursday
June 2
Wednesday
June 7
Tuesday
May 30
Weekly and Yearly
Record, Daily,
4%J'iy
4
Dec
Feb
Fob
7% Feb
126% Fob
4 Fob
3 Jan
14% Apr
190 Fob
1%8 Feb
79
34
33 y4 Mar
14 Feb
31 34 Jan
27% Feb
Dec 17 Mar
Jan 33% May
9
Feb
1 % Dec
5%J'ly tl4 34 Mar
16% J'ly
8
22
61
J'ly
•75
Oct
tAss'tpaid. JEx-rixhts. aEx-dlv;
Max
2% Mar
77
& righta
5
June
4 190 A.
J
Boston Bond Record.
I
BONDS
boston stock exch'ge
Week Ending June
Price
3
97'4 98
92*2 Sale
AtchTop<fcSFegeng4s..l995 A-O
J'ly 1995 Not
Adjustment g 4s
Boston Elect Light 1st 6s. 1908 M-S
1924 M-S
Consul 5s
1907 J-D
Boston & Lowell 4s
Boston* Maine4*2S. ...... 1944 J-.T
."...1905 F-A
Improvement 4s
Bost & Mon 3d issue 7s... 1904 M-N
100*5 101
91 Sale
Telephone 4s
Atch
<fe
January
97%
8
100*4
100%
91
91
1
94
'974jibd*4
W
MU&
W
W
A
7"
Feb '04
128
113
102
99*2
128
78
Apr '04
100*4
104*4
Jan '04
Feb '04
100
106*4
Dec
Ml
99%100
100*4 106*4
104 104-4
99*4 100
104*4
100
'02
es% Mar'04
91*2
91%
106 May '04
97*2
97
125 May'04
123*aApr'04
100 May'04
106 34 I0t> 34
109*4 Mar'02
112*4 Jan '03
101 Apr '04
98*2
98*2
90% 92%
105% 106%
98%
97
12434 125*2
123% 124*2
100 101*4
105% 106%
100%101*2
96 >Iay'04
108 Mar'04
95
104% May'04
102*2 Apr '04
97
105*2 109
104 104%
102*2 103
111*4 May'02
137% May'04
137 Feb '04
Note— Buyer pays accrued interest in addition to the
137*2
137
137
90
93*4
92%
92*4 May'04
137
93*2
90% 93%
purchase price for
Philadelphia and Baltimore Stock
all
May
<:8
Wednesday
June 1
Tuesday
May 31
May 30
.
1
'.His
J-D
6s.. ..1828
ss<
cfc
M-N
& M
B gen 4s
AM
98% 99
109
1st 7s.. 1907
Sm Idgr 1st 7s... 1905
cons
1st
7s. ..1912
Cent
Maine
1912
Cons 1st 4s
Mara Hough & Ont 1st 6s. 1925
Mexican Central cons 4s. .1911
Jan 1939
1st cons inc3s
Jan 1939
2d cons inc 3s
Mich Telep cons 58 tr rec.1929
Minne Gen Elec con g 5s 1929
New Eng Cot Yarn 5s
1929
1906
New EngTeleph 6s
1907
6s
1908
6s
1916
5s
1905
N
Eng 1st 7s
1905
1st 6s
old Colony gold 4s
1924
Oreg Ry & Nav con g 4s. .1946
OregShLine 1st g 6s
1922
Repub Valley 1st s f 6s. ..1919
Rutland 1st con gen 4*28.1941
Rutland-Canadian 1st 4sl949
Savannah Elec 1st cons 5s. 1 952
1930
Seattle Elec 1st g 5s
1918
Torrington 1st g 5s
Union Pac RR& 1 gr g 4s. 1947
1911
1st lien conv 4s
United Fruit conv gen 58.1911
US Steel Corp 10-60yr 5s. 1963
West End Street Ry 4s. ... 1915
Gold 4*as
1914
1916
Gold debenture 4s
Gold 4s
1917
Western Teleph & Tel 58.1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley let 7s.. 1909
Y&N
Boston Bonds.
-
No
Stocks see below)
83
104
81
loi
107
101 \
120*4
May'04
May'04
May'04
Mav'04
02
Mar'04
6% May'04
j-j
96
85%
104
11^
7o%
16*4
7%
6%
J'ue'o::
jj
102
F-A
A-O
A-O
A-O
104
Mar'02
94
Apr '04
94
101%
J-J
J-J
94
102
!02
Apr'04
102% 104*4
'04
100% Mar'on
101% 101 34
Sale
101
101
112
F-A
J-D
F-A
101
Muv'01
Oct
102
92
Mar'02
Apr'04
102*2
Apr '04-
M-S
107
Feb'03
J-J
102% Apr'04
M-N
120%120 34
'02
105
93
110
110
Sale
M-N
111
......
T
102 34 Apr'04
105% May'04
102 34 Apr '03
10 34 Apr'04
._,
10l 34 10l 34
98*2 100%
99*2
87*4 J'ly '01
112% Apr'04
and asked.
94%
94
100%101
71% 72%
102 34 102%
105%105%
12
99% "99% 99%
J-J
J-J
J-J
102%
100% 103
72% May'04
F-A
M-S
M-N
F-A
92
92
100
94% Mar'04
MS
102
102
101% 102*2
101%
101
100% Oct '02
120% Mar'04
91
103
97%
Apr '04
Jan
102
102
103
A-O
112%112
...
U Trust Co. ctfs.
Weekly, Yearly
Daily,
Banye Jor Year
1904
the
119%
lis
80
13
15
13
J'iy
no
J'ue'03
60
60*2 Safe
128
100
107
108%
101' 101 '1
120*4 122
Apr '04
102
118
•J'ly
Sales
97
108
117
92
101%
J-J
98
12 s
1 1
107
A-O
A-O
A-O
price Friday; latest bid
of
Low Jgft
.V,
8 *2
118%
94*2 Mny'04
83
any e
since
Mar'04
Mayo-1
109*-.
loo-'j
94%
J-J
J-J
U.fc Ft
100
118%
1934
(For Bonds and Inactive
Friday
June 3
127*2
M-S
81
RjcteBrlst 5b1929 A-O 104
ntrd income 5s
ACTIVE .STOCKS
Thursday
June 2
High
Jan '04
93% May'04
128 Jan '04
J:
January 1
96
1934 M-S
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
Monday
925 A-O
KanCSt Jo&C B
117*4 Feb'03
80
Ft Bcotl
M
Kan C
i'i
1.
99
c
Kan
110
117"
112
101
80
100
107
1
'
112*2 Jan '03
112*8 Apr '04
101 Apr '04
99 *2 Apr '114
100 J'ne'01
123
. .
<
Mar'03
101
Boston Terminal 1st 3%s. 1947 F-A
1918 J112%.
Bur <&MoRiv ex Gs
Non-exempt 6s
1918 J-J
Sinking fund 4s
1910 J-J
Butte & Boston 1st 6s
1917 A-O
Cedar Hap <fc Mo R 1st 7s. 1910 M-N
1909 J-D
2d 7s
Cent Vermt 1st g4s..Mayl920 G-F
80
80*4
Chic Burl & Q extend 4s.l905 J-J
Drv
1st
1919
A-O
Iowa
5s
1919 A-O
Iowa Drv 1st 4s
1913 M-N
Debenture 5s
1922 F-A 100 Sale
Denver Exten 4s
Nebraska Exten 4s
1927 M-N
B<fe S
8f 4s
1921 M-S
Illinois Div 3 %s
1949 J-J
Joint bonds See Gt Northern
Chic Jo Ry & Stk Yds 5s .1915 J-J 104 34.~.
Coll trust refunding g4sl940 A-O
974 98 \
Ch
StP DubD 6s.. 1920 J-J 124\i
ChM & StP Wis Vdiv 681920 J-J 123*3
Chic & No Mich 1st gu 58.1931 M-N 100
Chic &
Mich gen 5s.. ..1921 J-D 106% Sale
Concord & Mont cons 4s. .1920 J -D
Conn & Bass R lstg 48. ..1943 A-O
Current River 1st 5s
1927 A-O 101*1
DetGrRap&
1st 4s... 1940 A-O
95 *a 97
Dominion Coal 1st 6s
1913 M-S
Eastern 1st gold 6s
1906 M-6 104
Fitchburg4s
1915 M-S
48
1927 M-S
FremtElk&MoVlst6s..l933 A-O 137
Unstamped 1st 6s
1933 A-O 137
GtNor C B <fcQ coll tr 4s 1921 J-J
93*4 Sale
Reglstered4s
1921 Q-J
Saturday
K a 11 C Clin & Spr 1st 5s.
Kan Ft 8 & Gulf 1st 7s.
K.ui
110
Ask Low
1910 J-J
1
3
Feb '04
104*2 Apr '00
117 Feb '04
99% Jan '02
deben 5s
X m-convert deuen 5s... 1913 A-O
la FaUs& Sioux C 1st 7s.. 1917 A O
'
110
June 3
Bid
Illinois Steel
Week's
Range or
Last Sale
Friita >i
Jln/h
98%
88*4
"it
ITice
BOSTON STUCK EXCH'GE
Week Ending June 3
Since
92
92 H.
113*2 Feb '03
2327
BONDS
Banye
High No Low
Ask Low
97\
1908 J48.1929 JNebraska 1st 7s. .1908 M-S
Bell
AmTelep&TelcoUtr
«-,
Week's
or
Last Sale
San ye
Friday
June 3
Bid
Am
1
.
lianye for Previous
Year (1903 J
Week
Shares
Lowest
170
145
43
10
67% Jan
1,025
5 34 j'ne
Highest
Lowest
Jiiyhest
Baltimore
69 34
69 34
73
73
16% 16%
6
W
M
o
K
>
%
o
w
70
71
Consolidated Gas
Northern Central
70
100
50
Seaboard Air Line
100
Do pref
100
United Ry & Electric. 50
72
6%
6
'44% 45
18% 18*4
H
K
69% 69 34
72% 72%
7% 7%
44%
18
'44% 45
45
18%
18*4
18*4
**16
%
^16
%
8*4
8*4
72 34
72 34
'8%
8%
Philadelphia
American Railways.... 50
18% 18*2 Cambria Steel
50
Consol Lake Superior.. 100
43
43
4
l
Do
100
Co of America 10
12*4 Gen Asphalt interim ctfs..
'8%
pref
8*4 Electrio
32
Do pref interim otf s
72% 72% Lenigh Coal & Nav
50
37% 37% Lehigh Valley
50
3
3
MarsdenCo
100
50
56% 56% Pennsylvania RR
38% 38% Philadelp'a Co (Pittsb) 50
6% 9 6^ Philadelphia Electric. 25
.
u.
73
a
to
w
-
37% 37%
72% 73
37% 37%
56%56i% 6
56% 56 34
08
38
38
6 3 18
6 7 ia
13
1
73
38%
5 3 18
*
1
2 4
l
21**16
-39
30
0*4
13
'12%
21% 22% 6
40
39
39
31*4
31*4
31
56»i8
66 34
38%
6%6
12% 12% *12% 13 Phila Rapid Transit
22% Reading
21% 22% 22
38
21%
49% 49%
81% 81%
37% 37%
3
6 7 ie
*39
30
40
31
49% 49%
81% 81%
49% 49%
81% 81%
49% 49% Union Tracton
81*2
Ask
Bid
PHILADELPHIA
lnnctive Stocks
Americau Cement
10
Ajner Iron & Steel
50
Bell Telephone
50
Cambria Iron
60
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 1%
Diamond State
7 34
49
45*2
50
46
100
13*i
14
50
10
10
50
00*4
H..50
50
Iron & Steel.
North Pennsylvania.. 50
Penn Gas Coal
50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
Phila Co (Pitts) pref... 50
Phil German & Norris.50
Phila Traction
50
Railways General
10
Susqueh Iron & Steel. .5
Tidewater steel
10
Preferred
10
N Haven
United N J RR&C..100
Unit Pow <fc Trans
25
United Trac Pitts
50
Preferred
50
Warwick Iron & Steel. 10
West Jersey <fe SeaSh.50
Westmoreland Coal... 50
1
M-N
11134 112*2
99
a
L
KeystoneWatch Case. 1 00
Nesquehoning
5s 1920
& Peo Tr stk tr ctfs 98
Elm & Wil 1st 6s 'lo. J-J 109%
II
Eq Gas-L 1st g 5s 1928 108 4
H & B Top con 5s '25 A-O 100
Keystone Telephone ..50
Lit Brothers
Little Schuylkill
Minehill & Schuyl
116
98
110
Elec
Gernianlown Pass
50
Harrison Bros prof... 100
Preferred
Phil Elec gold trust ctfs.
Trust certif s 4s
98% P <& E gen M 5 g '20. A-O
Gen M 4s g 1920..A&O
110%
Ph <fc Read 2d 5s '33. A-O
Con M 7s 1911
J-D
Berg&EBrw 1st 6s'21 J-J 104%
Bethle Steel 6s 1998. Q-F
Con M 6s g 1911.. ..J-D
118
Ex Imp Al 4s g '47. A-O
Che & D Can 1st 5s '16 J-J
ConM of '82 4s '37. J -J
Choc& Me 1st 5s 1949 J J 110
Terminal
ChOk&Ggen 5s '19 J-J 107\ 108 42
5s g 1941. Q-F
P
B col <r 4s '21. J-J
Col St Ry 1st con 5s 1932
Con Trac of N J 1st 5s. '33 107 '4
Rochester Ry con 5s 1930
E & A 1st M
Eastou Con Electric... 50
Elec Storage Batt
100
Indianapolis St
100
Inter Sm Pow & Chem.50
PHILADELPHIA
Ask
Bid
'
4
04
50*2
2
101
44
11
65
3
101%
44*4
148*2 153
Indianapolis Ry 4s. 1933
Interstate R3r s—
F-A
3-3%-4s 1943
Lehigh Nav 4%s '14. Q-J
RRs 4s g
1914. Q-F
Gen
4%s g.1924 .Q-F
Leh V C 1st 5s g '33. .J-J
Leh V ext 4s 1st 1948.J -D
2d 7s 1910
M-iS
M
Consoles 1923
81 34
81*2
4934
102
107*4
109 *2 110
110
117 34 i.20"
119
J-D
Annuitj* 6s
J-D 138*2
Leh V Trac 1st 4s '29. J-D
Nat Asphalt 5s rects..
New Con Gas 5s 1948 J-D 105*2
Income 4s 1939. ..M-N
2%
263
3%
66
75
267%
4
67
Pa & N Y Can 7s '00. J I)
Con 5s 1939
A-O
Con 4s 1939
A-O
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
PColsttfecoltr5s'49 M-S
Bid ana asked prices; no sales on this day.
||
Lowest
is
101*4
Jan
1
&
103
116
103% 104
118%
111%
104% id 6%
103%
122%
123
102*2 103
108*2
97'
113
55*2
Atlan C L RB4sl»62M-S
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of indebt 4s
J-J
99%
no
ex-dividend.
Cenfl Ry con5sl932 M-N
Ext & Imp 58.1932 M-S
Chas City Ry 1st 5s '23 J-J
H Ex-rights,
f
$15
8
45
Oct
Oct
40% Dec 52% Jan
17*4 Nov 26*4 Jan
%Nov 9«i 6 Jan
%Dec 40% Jan
7% 8 Oct 10*4 Jan
10 Dec 11 Deo
19 Nov 36 J ly
64 Aug 79 34 Feb
34*2 Nov 45% Jan
l%Sep
4 Jan
55% Nov 78% Jan
35 Oct 4734 Feb
Aug 9 Jan
5
7% Dec 17% Jan
3
18 4 Nov 34** 18 Jan
36 Sep 44Hi 6 Feb
27 34 Nov 40% Jan
'7% Feb
40% Sep 47a
76
20
Oct 11 6%Jan
Aug
1
Bid
2d 7s
1910A-0
City & Sub 1st 5s..'22 J-D
City& Sub(Was)lst5s'48
Col &Grnv 1st 6s. 1916 J-J
Consol Gas 6s. ..1910 J-D
1939 J-D
5s
Ga& Ala 1st con 5s '45 J-J
Mar
Ask
85
A ext 5s. '09 J-J
Charl C &
Jan
14% Jan
113 34
99%
111*4
111%
112
105
113
GaCar&Nl8t5sg'29J-J
Georgia P 1st 6s... '22 J-J
109%
GaSo <fe Fla 1st 5s 1945 J-J
G-B-S Brew 3-4s 1951M-S
i'lj"
47*2
"20""
2d income 5s 1951
M-N
Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S
Cot
Duck
1st 5s.
18
101*2
117
59*4
60
Incomes
107
KTpt
N&O P 1st 5s'38 M-N
General 5s.. ..1941 M-S
227% Norfolk
St 1st 5s '44.. J -J
North Cent 4*2S 1925 A-O 110
92%
"4
25
109
94% 94 %
Os 1904
J-J
J-J
Series
5s 1920
Series B 5s 1920
J-J
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 5a 1941.. J-J
Sec Av T(Pitts) 5s '34 J-D
Sav Fla West 5s '34 A-O
Seaboard L 4s 1950 A-O
Roan 5s 1926. J-J
Seab
South Bound 1st 58..A-0
U El L&P 1st 4%s'29 M-N
A
&
&
A
Un Ry &
M-N
M-N
Bait Trac 1st 5s. .'29 M-N
N o Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
103*4 10334
Jan 21
Jan 25
40*i 6 Jan 27
15*4
24
Mt Ver
Pot 5s
Exchange 3 %s 1930 J-J
Refunding 3 %s 1952 J-J
Bait & Plst6s ml '11 A-O
104*4
111*4
20
MetSt(Wash)lst5s'25FA
1st 7. ..1907 J-J
Bait CPass 1st 5s '11
Bait Fundg 58.1916
104%
1
84 % Oct 118 Jan
10 a4 Dec 28% Jan
Ask
BALTIMOltE
101% Chas Ry G & El 5s '99 M-S
67% 68
123
117
6
33*16 Apr i4
45% Jan 2 50 Apr V
81 Mayl6 89% Jan 22
Bonds
91
109%
Bid
8
19%Marl4
Mar
20% Feb 19
BALTIMORE
Inactive Stocks
Atlanta & Charlotte 100
Atlan Coast Line RR 100
Atlan CoastL (Conn)lOO
Canton Co
100
Georgia Sou & Fla...l00
1st pref
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck
Unit Elec L & P pref. 50
Atl& Ch
95% 95% No Penn 1st 4s '36.. M-N 110
Deben 6s 1905
M-S
Penn gen 6s r 1910. .Var 113
Consol 6s c 1905. ..Var
Consol 5s r 1919. ..Var
Penn & Mil Steel con 6s.
2% Mar 3 4*i6 Jan 25
56% Marl 2 61*2 Jan 27
000 37%Mayl7 43 Jan 22
2,992
5 May 2 5 6 9 ieJanl3
415
1,292
R E Side 4s int erim ctfs
U Trac Ind gen 5s'19.j-j
Anacostia
21*4 Jan 23
7 34
38
58% Dec 72% Jan
20
Jan 30
45
J'ne 3
18%May25
% May 13
1% May 13
S
U Trac Pit gen 5s '97 J J
Weisbach s f 5a 1930.J-D
8% Jan
1
. .
107
Newark Pass con 5s 1930
NY Ph & No 1st 4s '39 J-J 102
43
92
J'ne 2
1% 6 Feb U
5*2 Jan 26
Feb 8
8% Jan 20
10 Jan 6 13% Feb 8
30 Jan 11 38*2 Feb 6
49 62% Jan 14 77 Apr 20
230 33 34 Feb 26 39*4 May 6
01
100
50
50 14,763
100
50
10
50
50 1,300
492
50
100
W&
Steel
Preferred
Preferred
E
WelsbachCo
Bonds
ext 7s 1910 A-O
AmRysconvSs 1911. J-D
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
Al Val
United Gas Impt
82
22
*18
PHILADELPHIA
...
Do 1st pref
Do 2d pref
*39
40
'31% a 31»i a
4
687
73% Apr 13
5
Aprl2
7%J'ne 1 10 34 Jan 2
15% Jan 16 21% Jan 2
71
El 1st 4s '49 M-S
102*2
117
117
113
116
118
69'
70%
89
74%
89%
J-D
Income4sl949
43% 44
Va Mid 1st 6s 1900. .M-S 104
108*4
100
2d series 6s 1911. ..M-S
3d series 6s 1916.. M-S
111*2
4th ser 3-4-5s 1921. M-S
5th series 5s 1926. M-S
109
Va (State) 3s new '32. J-J
Fund debt 2-3s 1991 .J-J
West N C con 6s 1914 J-J
WesVaC&Plst6g'll J-J
Wil & Weld 5s. .1935. J-J
111*2
.
. 1...
.
..
1
.
THE CHRONICLE.
2328
[Vol. lxxviii.
and Railroad Intelligence,
RAILROAD GROSS EARNINGS.
itttfjestmmt
The following table shows the gross earnings of every Steam railroad -from which regular weekly or monthly returns
oan be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
column? the earnings for the period from July I to and including such latest week or month.
The returns of
railways are brought together separately on a subsequent page.
street
the.
Latest Gross
KDADS
Month
Ala Ut Somliorrt. 3d wk May
lexas Pacific,
AlaN
ANoEast. lstwk May
Ala<te Vlckab'g Istwk May
Vlcksb Sli A P. lstwk May
Allegheny Valley March. ...
Ann Arbor
3d wk May
NO
O&
A tcli Top AS Fe.
Atlanta A Char..
Atl Knoxv A No.
Atlantic & Btr. a
Atl Coast Line../
Bait A Ann S L..
Bait A Ohio
Bangor & Aroost
Belief onte Cent'i
Bridgt ASaoo K.
Bull Koch & Pitt*
Bullalo ASusq...
Canadian North..
Canadian I'acltk
CeutTof Georgia
Cent' of N Jersey
1
Central Paciiio..
Chattan Soulh'n.
Ohesap A Ohio...
Ohic& Alton Ry.
Chic Gt Western.
Chic Iiid AL'v...
Chlo Milw A 8t P
Chic A North
AO.
Chic St
Chlo Term Tr KK
Cin N O & T Pae.
CI Cin Ch A at L.
Peoria A; East'n
Colorado itaoutli
Col Newb <fe Lau.
WU
PM
Copper Range....
Cornwall
Cornwall ALeb..
Cumberl'd Valley
Deuv.ARioGr.
>
304,300
91,903
21,529
44,060
3,816,263
44,930
Ukwk Api
April ...
3,384
6,406
March...
154,073
April....
170,900
April
131,94'J
April
January
29,078
3d wk May 695,828
2d wk May 105,601
Ap.-il
Evanav A T
11...
KrclnldAN'r'e'n
Farmv
A
Powhat
Ft W A Den v City
Georgia KK
Ga South A Fla..
Gila ValG A N..
GrTruuk System
GrTr. West' 11.
Det Or 11 &M.. 2d wk May
Great Northern.. April
to
20,94i
Total system. April
2,647,901 2,91(1,01
225.071
180,990
2,873,572 3/191,010
42
33,3
31,911
98,216 163,605
3d wk May
4thwkMay
..
11
.
ROADS
Previous
Year
14,598,569
809,050
1,368,577
2,212,217
37.239,499
1,485,129
30,120
58,492
2,168,998
2,090,171
1,429,849
235,533
30,164,584
4,002,502
1,077,97s
32,877,501
1,919,710
34,897,211
1,035,460
5,241,087
3,401,008
519,271
121,142
39,073,857
200,406
1.310,191
5,100,030
5,089,880
2,108,508
1,407,449
4,945.111
4,265,100
Mania & No Eas'
Manistique
1.955,161 Maryl'd A Penn.
'.182,849
t Mexican Cent'l.t
1,089.964 X Mexican I -iter n.
340,526
{Mexican Ry
1,771.293 (Mexican Sou th'
15,448.139
788.027
1,364,209
2,410,021
37,172.294
1,445,527
33,711
50,276
2,093,231
1,970,751
1,362.917
179.385
29.457,478
4,309,487
1,050,825
33,171.739
1,748,085
34,920,421
1,514,430
5,395,900
3,358,251
555,0011
144,551
37,054,722
124,000
1,157,179
4,962,945
4,561,390
2,180,901
1,070,939
4,590,976
4,000,859
21,329.258
.
Millen
Gross Earnings
Allegheny Valley
Jan.
Atlanta & Churl Air Line.. Mar.
Atlantic A Birmingham a Deo.
Bellefonte Cent raJ
Jan.
1
Mar.
Mar.
to Mar.
1
to Apr.
Chicago
L
Chic
81
A North West.1T... Juno
P Minn & Omaha.. Jan.
Cumberland Valley
Jan.
Intel n.iiK
& GtNorth'n Jan.
1
Lak'
Western
Manistee & North Eastern
Manistique
Maryland A Pennsylvania
Missouri PadfiC
Central Branch
Total
{Mexican Central
Mexican International
Jan.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
.Ian.
1
..
Jan.
1
1
L
1
19,937
49.61 1,1595
3,333,303
149,750
1,824,831
1,503,000
332,146
232,708
to Apr.
to Apr.
10 Jan.
to May
1 to Apr.
1 to Mar.
1 to Apr.
1 to Apr.
1 to May
1 to May
1
to May
1 to Apr.
1 to Apr.
1
112,135
20.097
50.951
15,81 1.901
684,000
18,945,064
9,04 1.118
2,461,788
$37,758
297,894
28,380
2,347,081
597,924
117,600
27,521
5,114
12,312
41,040
113,994
234.801
697,000
29,000
726.000
8,680
138,556
197.000
215,315
14
wk May
wk May
wk May
wk May
wk May
wk May
wk May
wk May
Mob Jack A K 0. WkMay21
Mobile & Ohio... 3d wk May
NashCh & 8tL.. 3d wk May
{Nat'lRRof Mex 3d wk May
Nev-Cal-Oregon March
Nevada Central.. March.
10,899
.
1,098
N Y C & Hud Riv
N Y Out <te West.
S Y Susq & West
0,319,97
April
534,303
Apiil
231.998
April
1,909,051
Norfolk A West'n April.
898,002
Northern Central April
3,575,324
North'n Pacific. April
30,321
Nor Shore iCal) February..
17,251
Ohio Riv& West. March
Paoiflo Coast
e
Co March
Penn— EastP AE
eWestP & E....
456,715
1036827
April
April
D>c. 1
309,416
60,997
257,684
17,250,092
5,803,055
4,960.800
991.703
49,734
517,742
2.534,761
0,174,553
15,815,897
37,322,248
1.596,000
38,918,248
369,031
6,862.223
9,065,167
10,241,540
140,901
23,760
61,700,849
5,439.613
2,148,606
18,811.470
8,353,881
39,053,577
389,019
150,207
4,345,, 97
1076;577 99,283,097
inc. 1,71
3.400
200,011 10,060,650
1,153,273 11,150,074
617,126 5,656,400
2,057,130 20,353,936
Latest
I int«
Previovs
Year
263,888
68,074
244,753
15.158.429
5,998.340
4,047.200
859,602
40,008
493,609
2,933,405
6,409.270
15,594,016
35,037,035
1,104,100
36,141,735
233,479
6,724,276
8,450,275
9,318,171
142.097
29,608
64,108,530
4,911,861
2,094,533
17.289,559
7,070,581
39,212,568
345,070
143.401
4,117,024
97.946,297
8.300
9,744.850
10,761,974
.
LA
.
1
.
1
W
.
.
W
LK
VIC Alts.
ROADS
Gross Earnings
Mexican Railway
{Mexican Southern
[National KKof Mexico..
Northern central
North Shore
J
Jan.
Jan.
Jan.
Jan.
Mar.
Jan.
Jan.
Jan.
1 to
1 to
May
May
May
Current Year IPreoious Year
14'
I
1
1 to
21
24,479
1 to Apr. 30
45,505.924
1 to Feb. 29
3,710,510 ePennsy., Easl of P & E..
1 to Apr. 30
wv-t 01 r.t B
1 to Apr. 30
125,193
1,985,305 Pore Marquette
t
1 to May 21
1,540,287 Phila Baltimore & Wash. Jan. 1 to Apr. 30
t<> Mar. 31
102, 52 S Philadelphia & Erie
Jan.
14.771 Pitts ("in Chic A 8t Louis. Jan.
to Apr. 30
51.082 Kio Grande J unction
Dec.
to Mar. 31
Nov.
15,364,890 St L Vainlalia A Terre II
to Apr. 30
48(i.(i(io Terre Haute & Indlanap
to Apr. 30
Nov.
15,8 1,990 Terre Haute & Peoria
Nov. 1 to Apr. 30
.Ian. 1 to May 21
7,285 Texas & Pacific
2,500,394 West Jersey & Seashore.. Jan. 1 to Apr. 30
<
.
.
I
to
Pere Marquette te 3d wk May 225,894
PhilaBalt&W'sh April ... 1,181.973
5,031, -:i5
535,350
Mireh...
Phlla A Erie.
19,420,078
2,000,001
Pittsb C C A St L April ...
37,!)9
4,76
Raleigh <fe O Fear March...
Reading Railway April.... 3,228,417 2,978,185 23,943,103 25,809.78 i
4.450,20 2,861.155 8,677,327 17,146,068
April ...
Coal A Ir Co.
Total Both Cos Apiil ... 7,678,624 5,839,340 57,820,430 42,955.- 19
900,5-16
126,104 114,202 1,010,829
Rioh Fr'ksb A P March...
450,490
435,599
39,129
40,135
Rio Grande Jet.. March
411,355
9,114
10,520
492,813
Rio Grande So... 3d wk May
March
3,595,696 3,680,485 35,402,311 34,757,683
Rocklsl'dCo
93,955 122,207 1,115.968 1,137,143
April
St Jos AGr I
2,986,257 2,093.201 27,610,107 24,114.054
San Fran g Maroh
St
3d wk May 119,063 120.175 6,911,634 6,605,321
St L Southwest
206,432 214,409 2,073,570 1,969,119
StLVan&TH.. April
99,709
94,437 1.110,114 1,056,395
San Fran <teNP.. April
Seaboard Air L.. 3d wk May 253,577 211.957 11,920,429 11,331,971
733,24.8
x\. iril
90.2 19 1,081,057
100,194
Southern Ind
7,429,707 7,306,979 78,350,7, 7 73,092.485
So PacilicCo 6... April
Central Pacific. January... ,400,059 1,349,578 13,775,430 12.8 4 7,305
Gal Har ASA. January... 580,581 593,810 4,221,191 4,014,019
807,199
090,201
77,220
99,724
Gal Uous A No January...
96.570
100,023
10.300
12,547
GulfWT A P.. January...
January...
161,51
161,821 1,144,280 1,10s,! 05
Louis'a West.
Morgan's L A T January .. 417,901 473,03c 2,990,794 3,013.301
30,045
292,000
30,084
288,262
N Y Tit Mex .. January ..
Oregon & Calif. January... 312,659 288,974 2,576,550 2,344,219
081,749
505.161
70,159
05,5
So Pac Coast.... January...
So Pao KK Co.. January .. 2,619,233 2,503,802 19.658,844 17,932,711
3,405,692
SoPacSS.Ltues January... 453,189
January...
302,477 287,550 2,253.290 1,917,719
TexANOrl
3
111
801,803
40,510,423 37,967.513
Southern Railw'y J wk ay 807,567
151,435 158,217 1,742,421 1,572,780
Terrell A Ind... April..
493,191
April..
47,913
526,4 19
42,54
Terre H A Peor..
10,083
9,842
035,009
1,346
Texas Central ... 3d wk M ay
10,500, 17
Texas A Pacific. 3d wk May 108,090 200,904 10,90 13,000
Maroh
118,100
9,000
121,234
Tex S V A N \V
Tol & Ohio Cent IthwkMay
69,180 115,203 3,237,770 3,033,979
22.848
20.710 1,157,47V 1,095.310
Tol P A West .... 3d wk May
3d wk May
Tol St L A
62.821
50,45
2,941,920 2,824,544
18,033
518,901
418,985
Tor Ham & Bull llhwk Apr
14,685
1,159.027 4,092.305 46,110,095 41,015,952
Un Pac System April.
511.105
Virginia A So W'n April
43.546
55,230
498,405
IthwkMay 618,218 612.3S0 20,995.562 19,430.9 15
Wabash
Jersey A Sea'e April.
311,714 325.114 3,501.084 3,334.984
•iihwkMay
Wheel A
85,030 110.944 3,944,239 3,811,328
Wui'sport&N.Br. February
113,547
125,197
11,694
14,653
Wisconsin Cent.. 4thwkMay 101,000 200,469 5,899,952 6,039.052
Wrightsv A T'n.. April
10,657
151,302
154.457
10,466
Yazoo <te Miss. V. AprU
531,250 563.302 6,702,993 6,137,364
I
Decrease.
$
32,669
3,002
25,905
2,213,447
638.528
116,600
21,995
3,209
11,061
46,370
125,618
293,071
701,000
24,000
725,000
6,216
81,633
194,638
214,617
12,612
3,463
6,565,805
553,950
280,352
1,950,406
862,602
3,574.437
33,284
15,571
424,113
1.005
April..
So'w'n.
$
April..
April..
Apiil..
April..
1
Current
Year
Previous
Year
41,988
2d
lu v
current
Year
March.
Mineral Range.. 3d
Minneap & St L. 3d
M8t P A 8 St M. 3d
Mo Kan <te Texas 3d
Mo Pao A Iron M 3d
Central Branch 3d
3d
Total
\Current Year Previous Year
to
to
A
Month
Wk May
11
V AH IO US FISCAL,
no a d.s
Week,
or
2,415,557
418,280 400,339
69,903
81,363
16,514
..
19,041
3,591,88s 3,795,934
Illinois Central.. Api/tl
Illinois Southern April
25,300
10,910
liul 111 & Iowa... April
128,349 136,880
lilt A; Gt North'
80,659
3d wk May
93,470
llnteroc (Mex)... Wk May 14
128,200 10;), 890
Iowa Central
43,525
3d wk May
45,256
Kanawha it Miol 3d wk May
29,329
30,415
Kan City South'n March..
550,646 486,695
LakeKrieAWestu April....
405.350 410,298
Lehigh Val KK. April
2,591,755 2,580,751 24,572. It hi
Lexiug it East'u March...
42,105
50,768
474,388
404,030
Long Island
March...
Dn 6,102
Inc. 305 ,855
Louisiana A Ark April
05,322
573,802
43,729
419,795
Loumv HenASt L December.
458,489
411,597
Louis\ «v Nashv. 3d wk Mai6*59,665
720,050 33,121,712 31,436,170
Macon & Blrm
April
10,448
114.273
7,299
127,623
Mau'teeAGr...
February..
4,071
13,179
50,132
94,466
HA
January
January
January
Latest aross Earnings
Late
Latest
2,750,797
321,200
95,382
27,554
50,853
4.104,223
47,139
3,205
5,220
109,899
171,302
139,099
30,920
647,923
109, 988
16,740
I
Montana Oent'l April
Gulf&ShipIaland
Hocking Valley..
Hoiih it Tex Cent
E W. Texas
Housitshrevep'i
1
Current
Year
$
58,866
53,805
July
35,000
43,000 2,039,574
17.000 1.123,303
20,000
19,000
20,000 1.250,418
Inc.
Inc 4,857
34,674 1,719,351
32,901
5,619,278 5,489,110 57,715.249 52,647,653
April
332,110 297,894 2,700.549 2,405,025
March
579,918
600,789
50,551
59,453
April
61,117
darch
1,750,071 1,6"87.276 16,958.019 16,156.934
April
123,974
88,456
15,414
10,345
March
April...... 5,501,230 5.524.831 54.446.216 51,911,472
177,210 109.053 1,708,659 1,483.620
April
54,391
56,883
5.803
4,935
April
34,450
38,072
4,272
3,903
March
IthwkMay 170,444 200,480 6,813.492 6,732,970
837,742
797,405
74,903
90,977
April ...
03,700
54.200 2.732.400 1,961,750
3d wk May
3d wk May 951,000 807,000 10,691,641 38,502,799
3d wk May 152,540 147,470 8,518,041 8,299,208
1,939,308 1,832,603 17.870.765 15,504,912
April
January .. 1,400,059 1,319,578 13,775,430 12,847,305
100.034
108,645
2,591
2,716
3d wk May
1.641.959
April
r~ 1,599,332 15,941,866 13,684,391
783,
802,009 9,626,757 8,485,432
April
125,55a 145,765 7,353,522 7,892,038
3<t wk May
99.811 4,701,492 4,478,988
3d wk May 104,245
3.626,635 3,840,191 40,932,701 39,909,432
April....
4,038,200 4,501,715 45,118,166 41,505,556
April
769,103 924,008 9,791,554 10,212.831
Apiil
28.905
33,570 1,398,872 1,554.588
3d wk May
3d wk May 134.014 131,889 5,957,169 5,327.341
1,637,537 1,033,624 17,255,320 16,545,068
April....
252,945 251,208 2,535.000 2,392,853
April
3d wk May 102,017 136,926 5.128,226 5,459,216
181,794
143,865
21,325
22,747
March
378,011
277.031
32,030
38,437
March
56,232
66,356
5,345
7,114
March
179,308
180,402
18.313
20,824
March
842,194
January...
149,750 125,193 1,291,195
Kio Or. West. ) 3d wk May
Det A Mackinac. April....
Detroit Southern. 3d wk May
Dul 80 ah A Atl.. 3d wk May
Erie
I
Previous
Year
Current
Year
Week
or
Earnings
$2,292,500
463,710
4.644,903
3,083,827
632,652
36,811,979
Decrease.
4,011,432
4.130.730
1,433,216
7,634,959
173.805
1,198,740
988,208
290,240
4,399,897
1,025,978
$2,086,800
385.825
4,342.243
3,306,327
536.435
38,702.879
201,400
4,084.037
4,210.536
1,627,122
7,699,736
170,965
1,184,887
933,721
288,419
4.486,217
1,018,878
t Results
on Monterey <fc Mexican Gulf are moluded for both periods.
t Mexican currency.
H Inoludes trans-Miseourl line«
eince Feb. 16. 1903.
b Includes the Hous it Tex. Cent, and its ait bald? fi lies in both'years and for both'perioda.
e Covers lines dlreotly ooerutcd.
Inoludes
the
Chicago
A Eastern Illinois In both years.
g
t Including Sav. Flor. A West, ana also Florida Southern and Sanford
& Bt. Petersburg Rys. in both years.
10 Includes Lake Erie A Det. Riv. Ry. from Jan. 1 both years.
o These figures are tot the consolidated oompany, luoludlng TUton Thoav.
Gulf and Tlfton A Northeaster;
&
;
—
June
4,
—
,
THE CHRONICLE.
1904.]
Latest Gross Earnings by Weeks.— Fot the third week
of May our final statement ooyers 47 roads, and shows
0*88 per cent deorease in the aggregate from the same week
last year.
2d week of May.
1904.
Previously rep'd (36^(1*)
Alabama Gt. Southern..
Ohattanooera southern.
Chloago Term. Transfer.
Clm N. O. A Texas Pao..
Colorado A Southern
7,214.283
58.805
9
Golf
A Ship Island
.
Texas Central............
2.591
28,90o
134,014
102.017
21.529
33,342
8,*80
138,5^
253.577
10,683
8.006,984
Net deorease
(0
88
p.
1903
9
7,315,050
58.866
2.716
33,570
131,889
136,926
27.554
31.911
6,216
81,633
241.957
9,842
8,078.130
Increase.
9
218,296
:.
Decrease.
9
319,063
61
125
4.665
2,125
34.909
6.025
1.431
2,464
56,925
11,620
841
293,702
c>.
364,848
71,146
Net Earnings Monthly to Latest Dates.— The table follow
ing shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, inoluding all
roads from whloh monthly returns oan be obtained, is giver
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of May 21,
Ths next will appear in the issue of June 18, 1904.
1904.
— Gross Earnings. —
Roads.
Current
Previous
Tear.
Tear,
Xel Earnings.
Current
Previous
Tear
Tear.
$
uA.tlant.Coa8tL.a.Apr. 1,759,071 1,687,276
628,210
July lto Apr. 30. ...16,958,049 16,156,934 6,389,749
Bangor AAroost'k bApr.
177,240
169,053
69,252
July 1 to Apr. 30.... 1,708,659 1,483,620
646,608
Buffalo A B'sque.a. Apr.
74,963
90,977
24,411
July 1 to Apr. 30....
797,405
837,742
271.237
Canadian Paoiao.a. Apr. 4,061,505 3,795,394 1,412,533
July 1 to Apr. 30....37.938.641 35,901,799 11,371,629
Chesap. A Ohio. b.. Apr. 1,641,959 1,599,332
540,312
July 1 to Apr. SO.. ..15,941,866 13,684,391 5,374,647
OhloagoA Alton. a Apr.
783,172
802,009
170,047
July 1 to Apr. 30.... 9,626,757 8,486,432 3,089,115
Ohio. M. A St.P.a.Apr.
3,626,635 3,846,191
892,623
July 1 to Apr. 30.... 40,932,701 39,909,432 14,652.244
Ol.Oln. Chic. ASt.L.a Apr.
1,637,537 1,633,624
311,407
July 1 to Apr. 3u. ...17,255,326 16,545,008 3,290,080
Peorla&Eas'n.a. Apr.
262,945
251,208
44,521
July 1 to Apr. 30.... 2,535,000 2,392,853
481,565
Consolidated Gas Company (Baltimore). Apr
75.965
Jam lto Apr. 3o
323,065
Oolor'doABouth.b.Apr.
379,820
484,242
d60.041
July lto Apr. so.... 4,867,787 5.072,520 d!228,951
Dul. So. Bh.AAtl.b Apr.
186,253
215,191
59,617
July 1 to Apr. 80.... 2,114,412 2,254,736
648,332
Erie.a
Apr. 3,816,263 4,104,223 1,237,423
July 1 to Apr. 30.... 37,239,499 37,172,294 9,124,008
FairohlldAN. East Apr.
3,384
3,205
1,693
July 1 to Apr. 30 ...
30,126
33,711
8,403
Ft.W.ADen.CHy.bApr.
154,073
169,899
24,148
July 1 to Apr. 30.... 2,168,998 2,093,231
677,057
Georgia RR.a..
Apr.
170.900
171,302
20,239
July 1 to Apr. 3o ... 2,090,171 1,976,751
615,316
Ind. 111. A Iowa.a. Apr.
128,349
14,457
136,886
July 1 to Apr. 80 ... 1,316,191 1,457,179
256,238
Kanawha AMI eh. a Apr.
126.401
130.584
24,157
July lto Apr. 80..-. 1,381,652
990,094
186,254
Lehigh
,
Roads.
—Current
Gross Earnings. —
Previous
,
Vet Farninas,^—*
Current
Premou3
Tear.
Tear.
Year.
$
$
*
A Wash.b Apr.
1.181,973 1,153,273
325,324
699,638
Jam 1 to Apr. 30.... 4,180,736 4,216,536
39,441
36.651
Klo Grande South, t Apr.
14,349
162.594
385,631
463,948
July 1 to Apr. SO ._
122,207
10,032
93,955
St. Jos. A Gd. Isl.b Apr.
194,198
July 1 to Apr. 3o..., 1,115,968 1,187,148
519,111
66,091
613.836
8t.Louls S'west.b. Apr.
July 1 to Apr. 3o.... 6,533,139 6,216.998 1,977,866
18outh. Pao. Co. a. Apr. 7.429.707 7,306,979 1,784,441
78,356,777 73,092,485 23,410,591
July 1 to Apr. 3o
Southern Rail way 8yst —
631,324
Bouthern Ballw aApr. 3,521.793 3,548,365
38,090,097 35,576,767 10,525,274
July 1 to Apr. so
725.085
108,636
564,748
Mobile & Ohio. a.. Apr.
July 1 to Apr. 30.... 6,460,455 6,432,000 2,035,164
554,083
567,803
135.759
Cln. N.O.AT P.a.Apr.
July 1 to Apr. 30.... 5,584,347 4,951,982 1,308,254
248,162
239,954
33,074
Ala. Gt. South a. .Apr.
539,149
2,584,034 2,249,869
July 1 to Apr. SO
131,942
139,699
32,885
Ga. South. A Fia.a Apr.
1,429,849 1,362,917
369,348
July 1 to Apr. so
220,022
291.223
15,183
Toledo AO. Cent. a Apr.
614,220
July 1 to Apr. So.... 2,987,923 2,696,929
286,169
246,761
82,651
Tol. 8t. L. A West.. Apr.
Tear.
$
359,324
997,838
17,396
206,279
22,132
431,323
205,351
1,762,318
1,641,077
20,981,009
826,090
9,699,196
210,145
2,187,195
141,550
1,236,854
63,414
567,479
28,614
350,867
58,947
534,578
63,088
UUter A Delaware b31
117,226
125,011
12,043
32,953
665,043
505,945
155,044
155,244
4,159,027 4,092,805 1.785,774 1,705,843
.Apr.
3o
46,110,092 41,645.952 20,987,849 18,742.737
314,714
325,114
41.954
W.Jersey A Beash.t Apr.
74.554
54,260
112,660
Jam 1 to Apr. 30.... 1,025,978 1,018,878
531,360
559,480
179,658
219,577
Wisconsin Centr'l. bApr.
July 1 to Apr. 30.... 5,402,652 5,456,233 1,699,758 1,993,729
Jan. 1 to Mar.
July 1 to Mar.
Union Pao. Sy st. a.
July 1 to Apr.
31....
—
$
614,443
5,662,469
66,395
557,315
38,591
374,609
1,493,173
13,207,433
532,548
4,633,179
213,691
2,698,196
981,238
14,139,631
301,859
3,738,982
40,446
536,790
59.924
271.888
di 18,609
dll59.960
72,836
815,200
1,530,798
12,172,996
a Net earnings here given are after deducting taxes.
b
<fet
471,067
20,196
657,002
33.667
408,994
24,236
67,335
39,853
116,576
RK-
11,271
120,214
863. «86
Loulsv. & Nashv.b.Apr. _ 2,879,281 2,954,720
809,659
July 1 to Apr. 30.. ..31,161,332 29,366,005 10,066,393 9,730,092
Maryland <fc Penn.. Apr.
9.421
9,313
28,380
25,905
16,082
Mar. 1 to Apr. So ...
13,872
50,951
51.082
669,548
c Mexican Cent. e.. Apr. 2,347,081 2.213.447
676,755
Jan. lto Apr. 30.... 9,044,418 8,327,285 2,361,124 2,227,502
275,315
cMex. internat'l...Apr.
264,421
597,924
638.528
Jan. 1 to Apr. So.... 2,431,788 2,566.394 1,053,926 1,059,593
Mexloan Tel'phone Mar.
11,753
23,585
23,160
10,316
10,195
Mineral Range. b... Apr.
10.095
48,363
45,643
76,180
July 1 to Apr. Su
482,199
458,650
51,306
253,619
M. Bt.P.AB. 8. M.b.Apr.
176,769
474,765
676,910
July lto Apr. SO.... 5,852,441 6,028,923 2,756,968 2,986,876
181,758
Nash. Ch.ABt.i .b.Apr.
825.012
815,209
176.640
July 1 to Apr. 3o.... 8,490,044 7,879,563 2,198,421 2,207.267
421,058
cNat'lRR.of Mex.Apr. 1,018,131 1,044,988
345,498
Jan. 1 to Apr. Su.... 3,965,627 3,685,459 1,221,816 1,311,128
3,6^7
Sev.-Oal.-Oregon.a.Mar.
176
10,899
12,612
61,608
July 1 to Mar. 3i....
140.901
142,697
52,406
142,112
231,998
280,352
101,222
N. Y. Bus. & Went. a Apr.
867,825
July 1 to Apr. 30.... 2,148,606 2,094,533
829,732
796,381
NorfolfcA West'n.a Apr. 1,909,651 1,956,406
699.317
July 1 to Apr. 3o.... 18,811,476 17,289,559 7,046,020 6,864,501
219,154
Northern Central bApr.
898.602
862.602
226,754
698,762
Jam 1 to Apr. SO.... 3,088,827 3,306,327
382,762
Pennsylvania—
Lines directly operated
j East of Pitts. AE. Apr. 10,368,277 10,767,577 3,314,179 3,725,279
jjam lto Apr. 30... 36,811,979 38,702,879 7,799,594 10,110,794
Deo. 178,400
Dee. 167,700
WestofPitts.AE.Apr.
Deo. 261,400
Deo. 1,191,400
Jan. lto Apr. 3u....
earnings hereglven are before deducting taxes.
c These figures are in Mexloan ourrenoy, and are convertible Into
gold at the current rate of exohange.
d Net, after deduotlng taxes is $41,164 and $100,552 for 1904
and 1903 respectively for April, and from Julv 1 to April 30 net is
$1,018,347 this year against $979,383 previous year.
e Inoludes results on Monterey
Rio Verde Branch, etc.
A Mexican Gulf
and Cuernavaoa
A
Pacific,
t Houston A Texas Central and ltB subsidiary lines are included
both for the month and for the period from July 1.
j These figures include results on the Buffalo
Division in both years.
A
Allegheny Valley
ii Inoluding earnings of Savannah Florida & Western in both years
and also Florida Southern and Sauford A 8t. Petersburg By. In both
years.
Interest Charges and Snrplng*—The following roads, in
addition to their gross and net earnings given in the f orr.
going, also report charges for interest, &o., with the surplus
above or deficit below those oharges.
— Int., Rentals, etc. —
1,350
10,687
23,789
A Hudson b.—
Jan. 1 to Mar. 31....
122,393
98,938
50,211
July 1 to Mar. 31....
292,172
354,730
143,684
See detailed statement below.
Lehigh Valley
Louls'naA Ark an. a Apr.
65,322
43,729
24,759
162.082
July 1 to Apr. 30...
573,802
419,795
2329
,
Phil. Bait.
Mob. Jackson A K. City
Mobile & Ohio
,
.
Roads.
Bangor
A Aroost'k.Apr.
-Hal. of Xel Earn'gs.^
Current
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
$
$
$
$
45,213
24,039
43,894
22,500
July 1 to Apr. 3o....
467.437
427,401
179,171
129,914
*23,562
Buffalo A S'squeh.. Apr.
15,570
12,255
*32,672
*281,093
126,249
123,340
*329,881
July 1 to Apr. 3o....
Olev.Oln.Ch.Attt.L Apr.
239,449
224,638
71,958
77,226
911,267 1,370,379
July 1 to Apr. 3o
2,378,813 2,368,603
Peoria A East
Apr.
83.688
10,833
33.688
6,768
July 1 to Apr. 30 ...
336,863
336,883
144,682
199,907
Consolidated Gas Company (Baltimore)—
Jam lto Apr. 30
166,166
156,899
Dul. So. Sh. A Atl... Apr.
88,642
88,642 *df.28,078 *def.8,686
July 1 to Apr. So
886,417
883.417 *df.22s,984 *df.55,264
Georgia RR
Apr.
a12,766
a50,000 *df.30,258 *df.29,804
a52O,059 a508,277
July 1 to Apr. So
U67.377 *236,808
ndtana 111. A la.. ..Apr.
17,833 def.3,376
17,833
15,824
July 1 to Apr. 30
178,333
178,333
230,661
77,906
Kanawha A Mich... Apr.
*4,147
20,823
*6,308
18,557
July 1 to Apr. SO
205,364
161,592 *df. 13,274 *df.88,533
Lehigh A HudsonJan. 1 to Mar. 31
34.956
*7,405
33,950
15,255
16,192
July 1 to Mar. 31....
104,775
101,885
38.906
LouiM'na & Ark an. Apr.
*16,092
*6,245
11,360
7,138
*60,110
*79,910
July 1 to Apr. 30...
100,867
54,296
Maryland A Penn. .Apr.
2,875
2,875
6,546
6,488
Mar. 1 to Apr. 3o....
5,750
5,750
8,122
10.932
*747
*728
Mineral Range
Apr.
9,447
9,697
July 1 to Apr. 3o
94,856
97,467 *df.42,852 *df.l8,116
xashv. Chat. A Bt. L.Apr.
154,354
150,698
22,286
31,060
July 1 to Apr. 30
697.034
1,501,387 1,508,965
698,302
Nev.-Oal.-Oresron
Mar.
2,162
2,192 def.1,086
1,4S5
32,769
July 1 to Mar. 31...
19.637
17,890
43,718
Norfolk A West'n....Apr.
216.224
463,537
580,107
285,780
July 1 to Apr. iO.„. 2,277,408 2,133,088 4,768,612 4,731,413
*2,529
Sio Grande South. Apr.
15,033 *dfcf.3,334
17,833
*65,134
180,408
188,076 *df. 11,4*9
July 1 to Apr. 3o
3,807
St. Jos. A Gr. Isl'd..Apr.
18,514
18,825 def,8.482
241,710
189,613
338
193,862
July 1 to Apr. 30 ....
2,442,449 §3.164,464 di.572,828*df.l515604
1 Southern Pac.8ys Apr.
July 1 to Apr. 30.... 26692729 $31221722* df 2625141 *df.9633462
'19,591
38,813
39,849 df. 16,710
coledo A Ohio e n.. Apr.
U45.552
*304,730
402,965
393,443
July 1 to Apr. 30...
*5,21»
*23,685
58,396
Tol. St. L. A West. .Apr.
59,225
. . .
«.
—
—
....
.
Int.,
,
-Bat. of ^
current
Rentals, <>c.—
et
Earn'gs.-,
Previous
Tear.
Tear.
Year.
Year.
.<
$
$
$
40.146 *def.27,966 *def.6,588
*37,898
*36,190
119,132
*75,877
*38,798
146,880
*559,443
*281,579
1,466,453
40,639
120,806
144,329
1,459,095
After allowing for other lnoome received.
a Charges here lnolude road-rental (paid by
"
and other
lessees)
deductions.
1 Houston & Texas Central and its subsidiary lines are included
both for the month and for the period from July 1.
$926,508 appropriated for betterments
§ These figures lnolude
and additions to properties and equipment In April, 1904, against
$1,521,192 In 1903, and $11,602,559 during period from July 1 to
April 30 this year, against $17,822,360 In same period last year.
Lehigh Valley Railroad Company.
April.
—
.
July 1
,
2,591,755
1,520,815
to
1904.
1903.
1904.
—
Apr. 30.
1903.
2,580,751 24.572,106
1,690,289 15,522,749
21,329,258
15,767,892
1,070,940
50,483
890,462
50,575
9,049,357
455,493
5,561,366
420,137
1,121,483
Total lnoome
taxes (est.) and
Int.,
477,68 4
other deductions
Addit'ne Aimprovem'ts. 257,667
941,037
9,504,850
5,981,503
500.129 4,852,851
976,667
92,000
4,951,521
1,022,000
Net earnings
Other lnoome
735,351
592,129
5,829.518
6,973,521
386,072
848,908
3,675,332
7,982
23,396
227.795
641,256
606,631
409.468
576,703
4,316,588
614,613
....
Net lnoome
Net Inc. Lehigh Val. and
oth. oontr'll'd coal cos.
Total net lnoome
STREET RAILWAYS AND TRACTION COMPANIES.
Week or Mc
II
Aur. Elgin A Ohio. Ry April
Ry.
Our'nt
Tear.
Prev'ut
Ourreni Previous
Tear.
Tear.
9
$
9
19,780 18,660
400,201
105,190 98,831
28,585
95,424
18,062 17,336
67,721
5,310
5.520
20,058
322,969 218,751 1,202,196
40,la9 38,08r<
152,425
28,063 15,161
87,936
34,718 39,267
130,573
Albany A Hudson ... April
American R'ys. Co.
April
8t.
Jan. Itol latest Date
Latest Gross Earnings
GBOS8
Earnings.
.
Tear.
$
San Bernardino Val.
Tract. Co
Maroh....
Latest Date
Our'nt Prev'ut Ourreni
Tear.
Tear.
Tear.
Prev\out
Jan. 1
Tear.
27,120
14.021
April
Houghton Co. St. Ry.
Houston Eleo. St. Ry. Maroh
1130,106
Traotion Co..
Indlanap. A East. Ry. April
Indlanap. Shelby vllle
A Southeastern Tr.
75.438
15,778
Illinois
20,69(
15.76:
33,15(
52,52'
9,66
315,021 295,91'
23.915 21,07.'
329.43:;
48,705
66,756
10,48b
April
80,819
42,154
92,536
58,119
34,054
Paulo (Brazil)
Tram. L't A Po. Oo. April
422,650
119,000 109.926
117,71';
111,495
39,371 37,675
234,842
66,061 61,536 247,814
S-sranton Kallwav... April
471,315
545,393
183,837 142,08*
Seattle Eleotrlo Co. . March
658,817
129,180 128,470 676,63:
South Side Elevated May
18,184
1,092
18,460
1,165
Springfl'd A Xenla Tr Wk.May29
188,176
70,103 63,352 201,201
Syracuse Rap.Tr.Ry. Maroh
70,643
81,500
29,900 25.591
Tampa Electric Co... Maroh
123,520
99,031
42,024 33,876
Terre Haute Eleo.Co, Maroh
77,681
88,294
19,375 22,057
Tol. Bowl.Gr. A So. Tr. April
134.420 127.662 534.641
495,217
Toledo Rys. A Light. April
17,985 12,756
60,07)
Toledo A Western.... April
804,426
T .Tonto Railway
198,337 174,520 914.007
May
i'wln City Rap. Tran. 3d wk Ma>
78,714 77.471 1,560,290 1,451,734
26,211
25,615
anion (N. Bedford)., Jannary .. 25.615 26,211
nnited of San Fran.. April
569,609 518,467 2,112,961 1,934,401
Savannah
•a*
.42,50';
896,340
66,471
859,473
56,482
v8,580,202
157,60?
263,323
40,648
151,591
265,621
38,165
61,77)
12,39'
21,208
204,414
57,97;
226,615
53,392
11.8L
41,80-.
67,29:
9,91
j
487.354
Maroh
Eleot. Oo.
Va. Pass. A Pow. Sys.
Va. Pass. A Pow.Co February.
Rich. Pass. & Pow. February.
Richmond Tract.
February
Wash. Alex. A Mt. V- May
68,741
34,86:
21.273
22,702
14,154
.
Ry
West. Ohio
January
..
Spanish
113,464
68,189
44,716
101,828
21,718
91,181
dl42.374
148,232
37,602
Youngstown-Sharon April
silver.
These are results for properties owned
c Results for main
line.
d These totals are from July 1.
n These earnings lnolude the
Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg Ry.
u Decrease due to boyoott by oolored patrons.
v These figures are for period from Jane 1 to Apr. 30.
Street Railway Net Earnings.—The following table gives
Street railway gross and net earnings received
this week.
The last general summary which we furnish once
a month, and in which we bring together all the roads from
which monthly returns can be procured, was given May
28, the next will be given Jane 25.
the returns of
—Current
Gross Earnings. —
Previous
.
Roads.
California Gas & Electric
Cin.Newp. A Cov. Light
$
Corp.— See
A Traotion.a
,
Net
,
Earnings.—*
Current
Previous
Year.
Tear.
Tear.
Tear.
$
$
detailed statement below.
$
93,459
393,460
92,945
368,249
38,826
155,936
38.222
148,050
Apr.
27,120
Jan. 1 to Apr. 30....
105.160
Illineis Trao Oo.Apr.
75,438
Mar. 1 to Apr. 30
151,957
Kan. City Ry.A Lt.aApr.
329,483
June 1 to Apr. 3o.... 3,580,202
20,690
80,819
52,527
103,778
11,088
40,720
26,283
61,017
128,870
1,346,550
9,341
34,163
16,543
39,729
408
.Apr.
Jan. 1 to Apr. 30...
Honolulu Rapid Transit
A Land.b
m
New London
4,323
16,296
4,233
15,471
1,284
16
290
3,712
65,670
66,064
247,814
185
def.3,295
def.541
62,288
61,536
234,842
26,461
26,450
85,681
25,046
24,262
86,819
133,195
441,355
21.164
169,547
44,996
171,031
8t.Ry.Apr.
Jan. 1 to Apr. 30
Rome City St. Ry. (N.
Jan. 1 to Mar. 31
Soranton Ry. Co
Y.)b-
Mar.
Month
of Apr
Jan. 1 to Apr. 30....
DtioaA Mohawk Val. Ry.b—
1 to Mar. 31....
July 1 to Mar. 31....
149,437
536,023
Jan.
17,742
5,784
Internat'l Traot. Co.
System (Buffalo) . . Maroh
Jackson vllle Eleo.Co. Maroh
Kansas City Ry.A U. April
Lake Shore Eleo. Ry April
Lake Street Elev.c .. April.
105,160
39.617
u8i,011
28,811
10,296
Sao
66,099
20,112
Tr.
A Land Co
Week or Mo
868,263
Burllngt'n (Vt.) Trao. April
Cal. Gas A Eleotrlc.. April
145.991
Cent. Penn. Traot.... April
51,196
Chloago A Mil. Eleo. April
140,651
Cln. Dayton ATol.Tr.
Oln. Newp. & Coving.
Light A Traotion... April
99,459 92,945
393,460 868,249
Citizens' Ry. A Light
(Muscatine, Iowa).. April
0,821
31,838
8.126
28,662
649.490 688,717
Cleveland Electric. . February.. 317,399 328,088
33,860 31,54*
89,167
83,729
Cleve.A So.W.Tr.Co..
14,961 14,90<
53,344
52,939
Oleve. Painsv. & E... April
6.745
6.745
7.476
Dart. A W'portSt.Ry. January ..
7,47*
Detroit United Ry..n 3d wk May 78,511 82,62) 1,507,622 1,493,200
Duluth Street Ry ... 3d wk May 11,809 11,951
212,022 217,6!S8
9H.423 83,169
872,975 298,640
East St. Louis & Sub. April
Elgin A nrora & Sou. Apill
33.425 33,29f
135,793
129,396
Grand Rapids Ry
Maroh
57,765 50.112
Havana Elec. Ry.Co. Wk.May29 t 31,759 137,76 1669,996 5572,891
Honolulu Rapid
to
Latest Oross Earnings.
Earnings.
t
Total deductions
Vol. lxxviii.
I
A Delaware-
Jan. 1 to Mar. 31...
July 1 to Mar. 31...
Wisconsin Central.. Apr.
July 1 to Apr. 30...
Gross earnings
Operating expenses
|
Gross
Previous
Current
Roads.
Blnghamton
.
,
THE CHRONICLE.
2330
Ulster
. ..
,
a Net earnings here given are after deducting taxes.
b Netearnings here given are before deduotlng taxes.
in The Illinois Traotion Co. is a consolidation of Danville Urbana A
Champaign, Urbana A Champaign Ry. Gas A Eleotrio Co Danville St,
Ry. & Light Co. and Deoatur Ry. & Light Co.
,
Lehigh Val. Trao. Co.
April
56,820
13,9f4
22,645
12,140
Electric Light Dep. April
April
LindonSt. Ry.(Oan.)
Mad. (Wis.) Traotion April
Met. West Side Kiev.. May
Mil. Eleo Ry.ALt.Co April
27,631
6,878
6,561
177,27^ 169,46)
896,944
252,959 238,56' 1,006,443
31,001 27,890
117,999
186,472 I72,08e
723,723
Mll.Lt.Heat ATr.Oo April
Montreal Street Ky. April
Munole Hartford A
Ft.
Wayne
Musk. Tr. A Light. Co
Street Ry. Depart.
Kieotrlc Light Dep
Gaa Department...
New London St. Ry.
Nor. OhloTr. A Lt. Co
Northern Texas Trao.
Northwestern Kiev..
Oakland Trans. Cons
Olean St. Railway..
Orange Co. Traotion.
Oreg. Wat. Po. A Ry.
April
13,607
April
5,308
2,651
April
April
April
May
Jannary
Maroh
January
Peeks.L'rgARR.Oo. Maroh
Peoria A Pekln Term Match
Philadelphia Co. and
Affiliated Corpor's April
Pottsv. Union Tract. May
Rys Uo. Gen.— Roads April
LightOo's
Rochester Railway
Rookford Belolt
..
April
April
..
..
5,39)
3,02t
1,298,707 1.288.816
1,927
116,211
12,26V
22,849
1.808
97,547
A
21,187
11,743
15,365
16,29b
241,664
160,985
548,814
94.51)
28,866
18,657
23,00;
24,192
71,065
and Surplus.— The following Street
sarplus or deficit above or below those oharges.
—Int., Rentals, etc.
Current
1
49,108
3,560
3,503
4,323
4.233
63,064 61,65t
43,770 37,380
107,309 103, «34
94,511 80,17)
7,876
6.270
6,818
6,668
23,002 13,422
7,794
8,22?
23,211
7,982
17.798
21,998
46,200
24,786
870,393
936,630
109,209
657,931
Interest unarges
railways, in addition to their gross and net earnings given in
tne foregoing, also report oharges for interest, &c, with the
Roads.
22,682
13,549
16,528
15,471
236,753
127,771
526.598
80.171
23,513
18,094
13,422
22,888
26,915
5,499,212 5,285,392
70,110
66,341
76,959
80.114
7,811
7,9u7
455,88b
395,658
Oln.
A
Joseph (Mo.) Ry.
Lt. Heat A Pow. Co. April
St. Louis Transit.... April
9,897
45,956 38,889
710.338 607.031 2.4x4.176 2,180,294
Ourreni
Previous
Year.
Year.
Newp. & Gov, Light
Traotion
Apr.
Jan. 1 to Apr. 30
21,135
84,418
20,917
84,331
17,691
71.518
17.305
63,719
4,376
17,506
3,104
12,416
*7,042
'24,416
*6,272
•21,887
1,731
1,544
19,786
59,357
*df.5,026
*df.2,027
8,833
4,187
5,260
3,229
87,218 *df.20,584
*48,166
108,866
*8,508
•64,240
Honolulu Rapid Transit
A Land
Apr.
Jan. 1 to Apr. 30 ...
Rome City St. Ry. (N. Y.)
Jan. 1 to Mar. 31
Mar.
Soranton Ry. Co
Jan. 1 to Mar. 81....
Utloa A Mohawk Val. Ry.Jan. 1 to Mar. 31
July 1 to Mar. 81....
*
17,623
55,044
42,690
124,328
After allowing for other lnoome reoelved.
California Gas
9,695
St.
-
$
Expenses,
April
car.
— r-Bal. of Xel Earn'gs.—.
Previous
Year.
April—
1904
1903
Oross.
$322,969
218,750
a
Eleotric Corporation.
Corp.
int.
on bonds of
Sur-
Sub.
plus.
Oo.s,<te.
$233,441
146,234
$89,528
7 ,515
bond
Sinking
fund. Balance
$36,458 $12,500 $40,570
27,601
32,414
12,500
interest.
1
Ju?sT E 4, 1904.
THE CHRONICLE.
|
BALANCE SHEET DEC.
ANNUAL REPORTS.
Annual Reports. — The following
is
reports of steam railroads, street
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Sections.
This index does not inclade reports in to-day's Chronicle
Railroads, Etc.—
Railroads, etc.—
p age.
Pack.
1546 Pere Marquette KK
American Can
1904
1960 Pleasant Val.Coal(bal.sh. Dec. 31). 1548
American Caramel
Amer. Oak Leather (bal. sh. Jan. 1)1781 Securities Co. (bal. sheet Dec. 3l).i7S>
American School Furni1fcire..l647, 1760 Standard Milling
2010
Standard Underground Cable
Appleton D. & Co. (balance sheet
1548
1548 Tennessee Coal Iron & Ry
Feb. 1. 1904)
2009
154H Unltfd Gas Improvement
Push Terminal (half-year)
1779
1847 United States rtubber
Ches. 4 Potomac Telephone
1961, 1967
1546 Utah Fuel (hal. sheet Dec. 31). .. 1648
Chicago Edison
Columbus* Hock. Coal & Iron. ...200^ Vulcan Dettnulng
1960
of Chicago.. 1546
19 6
Eng. Bldjr.. .2014
Torn Products
Strkkt Railways.—
Cramp & Sons Ship &
Brooklyn Rapid Transit (applicaDtnver & Southwestern (amendtion to N. Y. Stock Exch.)
1119
2018 Capital Traction (Wash.. D. C.) ... 1219
ed plan)
Electric Co. of America
1547 Charleston Consol. Ry Gas&Elec.2010
I960 Chicago City Ry
General Asphalt
816
General Electric
1546, 1554 Havana Electric Ry
1494
2008 Indiana Oni^n Trar tlon
International Nickel
1276
1904 Metrop. WSst Side El Ry., Chlc.1494
Lake Shore & Mich. Southern
Mexican International
2008, 2016 Phila. Co. of Pittsburgh
1779, 1787
Michigan Central
1778 St. Louis Transit
1494
I95w United Rys. Invest Co.of San Fran.1905
New Mexico Ry. * Coal
N. Y. Chic. & St. Loois
1779 United Rys. & Klec. Bait
818, 1388
Nlles Bement Pond(bal.sh.Dec.31)1781
United Rys. of St. Louis (balance
Northern California Power
1547
sheet Dec. 31)
1495
801
PaclHc Mail Steamship
Washington Railway & Electric,.. 1495
Pac. Pack'g & Navipat'ndO mos.).l780 W. India Elec. Co., Kingston, Jam.1279
Sao Paolo Tramway, Light
& Power
Go. of Sao Paulo,
31, 190S.J
President William Mackenzie, under date of Toronto, April
substance:
General Results —The earnings have been most satisfactory, show
ing gross Income of $1,303,175, as compared with $1,12 L235 for the
previous year, an inoreaBe of $179.8S0, or 16*1 p. o. The net Income,
alter deducting all expenses and fixed charges, Is equivalent to 90 p.
o. on the issued capital stock, the figures being $612,543, as compared
20, says in
with $455,369 In 1902, an lnorease of $157,174, or 34-5p.o. Theoperatlng expenses have decreased from 372 p. o. to 310 p. o. There has
Deen declared out of the net profits one quarterly dividend of 1*4 p. a,
and three quarterly dividends of 1 *a p. c, aggregating $391,379, leaving $221,164 to be carried forward.
Additions— The total expenditure on oapltal account during the
year amounted to $537,296. This expenditure lnoludes the construction
of additional track, a dupUoate pipe Hue, the installation of a 1,000 K.
W. generator at Parnahyba (oapable of generating 1,900 horse power),
and the extension of the overhead and light and power systems. The
fourth generator and turbine were installed at Parnahyba and put lu
service In April, 1903. The duplicate pipe line was oompleted and
put into service ii the early part of the year. Two additional oirouits
of transmission line were extended from the power house at Parnahyba to Sao Paulo. During the year the rolling stook has been increased by 30 new oars. Owing to the lnoreased demand for light
and power, primary lighting circuits have been extended to all the
populous section* of the olty and to the most Important suburbs. The
power plant, tracks, rolling stook and other property have been maintained In a high state of effiolenoy.
Manager James Mitchell says in part:
On June 6, 1903, the last line to be operated by mules was closed
and anew eieotrlo line serving the same zone by a better route oom-
menoed
operations. During the vear mule cars were suppressed on
the Paulo Souza, Oambuoy and Yplranga lines, while that section of
the Santo Amaro line operated by steam between Sao Joaqaim and
Villa Marlanna, and later the section to the Matadouro, were also converted to eleotricity. On Aug. 17 the line to the suburb of Lapa was
opened. This seotlon had no street oar Bervioe prior to that time, and
the results have exoeeded expectations A good freight and oontraotlng business has been built up, and three large double-truck freight
oars are constantly In service.
Vice-President Alexander Mackenzie, at Sao Paulo, on Jan.
wrote:
The city has made extra irdinary strides since we began work in
1899. In 1902 there were over 500 new houses built; last year about
1,000, and the licenses asked for so far show that there will be considerably more building this year than last. The city is conducting
publio improvements on a large soale, and paying for same out of the
ordinary revenue. Altogether Sao Paulo is by far the most progressive olty in Brazil, and, outside of Buenos Ayres, the most up to-d*te
city In South Amerioa. Its population to-day is somewhere between
285,000 and 300,000.
The pamphlet report contains handsome illustrations, giving
one an excellent idea of the substantial character of the city
and the company's property as well.
The results for three years past, converted into Canadian
currency at average rate of exchange for each year, have
30, 1904,
"
"
arc lights
Incandescent lamps
motors..
H. P. contracted for
1902.
$
9
transmis'n lines,
railway, real estate & buildings,
...13,116,970 12,679.674
etc
863.836
4 5^,963
Stores In hand
186,392
114.340
receivable.
Accts.
882,200
Cash on hand
38,493
1903.
1902.
670
505
28,211
21,240
101
1,657
188
2,552
1901.
.Boston
( Report for the
$749,677
486,719
$899,428
P. c. of oper. expenses to earnings
(31%)
All expenses and charges
286,885
$705,369
$262,957
(37-2%)
(64-9%)
Net income
250,000
$612,543
$455,369
<5%%)391.379 (3%)239,019
$221,164
723,200
$216,350
502,035
1904. J
President Winsor in the report issued several weeks ago
says in substance
The loss on the business for the year was $3,559. The dividends
paid were charged to profit and loss, leaving to the credit of that
acoount $13,912. Our circular letter of April 1 gave the reasons for
passing the dividend on that date, and the causes for the poor showing of the past year. We said at the time we were hopeful that the
coming year would show better results. Since April 1 results have
seemed to oarry out this view.
The three large steamers now running in a line from the Pacific to
the Orient have made, within the last three months, a profit of $17,:
000, lnetead of a loss as during the previous nine months. Our harbor
tugs are now making money. While the general oommeroe of this port
has Dot Improved, we trust this very soon will change for the better
and the other branohes of business show a profit. The amount of
$69,397 has been spent for ordinary repairs upon the plant and
charged to operating expenses. Your property is insured for $1,591,650. The three large steamers are oovered by war-risk lusuranoe.
The "Boston News Bureau" makes the following com:
1903.
1902.
Balance to credit of profit and loss.... $40,000
Balance to oredlt of ins. and depreo'n. 52,471
Net gain on business for year
losss,SS9
$40,000
50,000
77,471
$40,000
50,000
167,746
$88,912
$75,000
$167,471
$75,000
52,471
$257,746
$87,500
100,246
50,000
$40,000
$40,000
Total
Deduct dividends paid
do Depreciation of plant charged off
do Balance of ins. and depreo'n acot
Bal. to oredlt of profit
and
loss Apr. 1 $18,912
BALANCE SHEET MARCH
1904.
Assets—
Real estate
t
71,000
Machinery
11,600
Merchandise
84,600
79.316
Cash & debts receiv.
Wrecking apparatus 24,430
Vessels
1,256,192
Total
1903.
$
73,000
11.500
39,57o
165,901
24,430
,190.4-2
81.
1003.
1904.
Liabilities—
$
I
Capital stock
1,250,000 1,250,000
Accounts payable... 213,126 162,416
Reserve for depreciation
Profits and loss
Total
1,477,038 1,604,888
13,912
62,471
40,000
1,477,038 1,504,888
-V. 78, p. 1394.
Consolidated Gas
Company
of Baltimore.
(Statement for the calendar year 1903 J
Messrs. Hambleton & Co. of Baltimore in their circular o£
May 21 make the following statement regarding the operations of this company:
During a period of sixteen years slnoe 1888, there has not been
added one dollar to the oapital acoount of the company. During this
period the population of Baltimore h»s lnoreased more than 100,000,
the demands on the company have more than doubled, and its output
has lnoreased from about 1,200,000.000 oublo feet to about 2,500,000,000 cubic feet per annum. In 1888 cooking and heating by gas
were practically unknown. At present there are over 20,000 gas
oooking and heating applianoes in use and the company is lntrodnoing
from 50 to 100 gas ranges and stoves per day. After sixteen years of
servloe, the plant of the company was naturally somewhat antiquated
ana not capable of produolng satisfactory results, either In an economic sense or to the satisfaction of the consumers. Two years ago
the management decided to apply the most modern methods and best
resulting measures to the enlargement and Improvement of the plant.
To ensure the success of such improvements the best gas expert
authorities In the country were employed to point out the reqnlrements whioh would produoe the best results and to suggest auoh plans
as would make the plant modern, eoonomloal and effioient in every
respeot.
In pursuance of this determination the management has made rapid
progress in improvements and has accomplished most satisfactory results. Entirely new and complete workB have been built, containing
all of the most modern appliances for the production of gas in the
To pay for improvements
best and most eoonomloal manner.
made, the company issued $1,500,000 4 1* per cent oertlfloates of Indebtedness. In addition the company has extended its mains to Sparrow's Point to reoelve the surplus gas of the Maryland 8teel Company's works, a contract having been made with the lacter company
npon terms very advantageous to the Consolidated Oas Co. Other
very extensive improvements and betterments have been made, and
to reimburse the company for these outlays, to pay for real estate purchased and proposed improvements thereon, and for further extensions and improvements under wav and In contemplation during the
next two years, the company has [just] sold $1,000,000 general mortgage 4^ per cent bonds. (V. 78, p. 19b4.)
:
$1,123,285
417,916
Balance, surplus
Total surplus Deo 31
13,729,771 13.802,102
Towboat Company.
year ending March 31,
Yean ending
i
$1,303,175
408,748
Dividends
Total.
30,801
95,092
1,90m
102.111
125.070
723,200
is the statement for the calendar year 1903
have added the statements for the years ending June 30,
1900-1902 for comparison.— Ed.]
$630,283
119,394
Net earnings
Accts.&wages pay.
Unred'm'd tickets
Dividend
Suspense exch'nge
Prodi & loss, surp.
The following
$879,907
243,378
Gross earnings
Operating expenses...
1902.
t
6,757.5(0
4.129.000
1,684.519
32,597
108.3P2
2,521
84,380
10H.115
502,036
[«ve
$962,941
333,067
7,177
Light and power
Miscellaneous
A ccr'd Int. charges
13,729,771 18,302,102
Total
V. 78. p. 1499.
Receipts from—
Tramway
19<v.
Liabilities—
$
Capital stock
6.8C7.500
Bonds sold
4,129,000
Advances on b'nds 1,715,^9
1904.
{Report for the year ending Dec.
Number
1903.
Atsets—
Hydraulic plant,
parisons
Braz'I.
been as follows:
Lamps, etc.. Dee. 31—
31.
(Brazilian currenoy converted to Canadian at the average rate of
exchange for year.)
an iad?x to all annnal
railways and miscellaneous
Commonwealth Elec
2V31
Dec. 31/03.
Ore ss earnings
$2,231,964
Operating expenses. 1,380,716
Net earnings
$1,757,863
1,008,510
$1,639,433
919,361
$1,705,916
901,513
$851,248
$749,353
$720,072
$804,403
$438,617
$377,720
$377,720
$386,887
323,109
430,810
Deduct—
Fixed oharges
Regular
dividends
(see V. 78. p. 1500)
(3)
328,000
(3)
323,109
(3)
$19,243 def. $13,294
1903 lnoludes $80,000
not applicable to the expenses of the year 1903, $75,000 extra expenses due to ooal strike and $50,000 the cost of setting gas applianoes and canvassing -which most corporations would have
Bal., sur. for year..
$262,957
.
June 30/02. June 30. '01. June30,'00.
$84,631
$48,524
The item of operating expenses as above
charged to construction.
In
,
THE CHRONICLE
•2332
NET INCOME A1TEB PAYING ALL FIXED CHARGES AND TAXES.
1904.
1903.
1904.
1903.
$24,403
$31,874
$67,S02
$51,204 March
24,028
37,837
82,211
30,467 April
AH expenses of the Are not covered by Insurance were oharged to
operating expense*, whlou will be notloed In the smaller Increase In
February and March. The new works at Spring Garden did not go
into operation until December, 1903. The advantages from the Sparrow's Point and oil oontraots have Just commenced to be enjoyed.
The General Manager estimates that the company will earn lor the
flsoal year ending Jane 30, 1905, an amount equal to 7 per cent upon
January
February
the capital stock.
The action of the management In adopting a comprehensive scheme
for the development of the business and for providing for the retire
ment of existing bonds at maturity must be commended by all inter
ested in the prosperity of the company. The plan, whloh provides for
Improvements, extensions and betterments, and consequently for a
largely Increased earning oapaclty will enable the company to pay
better dividends, to accumulate a surplus and to avoid that bete noire
of all growing corporations— a floating debt.— V. 78, p. 2014, 1964.
New England Telephone & Telegraph Company.
(Report for the year ending Dec. SI, 190S.J
President Thomas Sherwin says in part:
Compared with 1902 there was an increase in gross revenue
of
$668,255 and In net revenue of $246,371. Inoludlng the subscribers
conneoted with exchanges of the Southern Massachusetts, Northern,
White Mountain and Vermont companies, the exohange stations operated under our management in Maine, New Hampshire, Vermont and
Massachusetts numbered 126,138, as compared with 111,774 at the
endof 1902. In addition there are about 10,000 stations operated
under these sub-license oontraots.
The growth of the business has been satisfactory, and through the
past winter, one of unusual severity, almost no interruption of the
service has ooourred from breakage of our lines by sleet or storm.
The oost for current repair and renewal of the property whioh has
become unserviceable by use and deoay, or obsolete by reason of improved devioes, constitutes the largest item of our expenses, and for
several years past the charges for maintenance have amounted to
about one-third of the entire gross revenue.
Among the most Important improvements of apparatus within recent years has been the relay switchboard, designed for the migration
of large central offices. The company has already installed relay
switchboards of the most approved type, with central energy plants,
and subscribers' terminal appararus to correspond, at 22 of the exchanges, and several more have been ordered to replace the present
equipment in other large exchanges during the ourrent year.
Progress has been made in the substitution, In cities and some of
the more closely built towns, of underground for aerial construction.
Of the entire mileage of wire used by the company for exohange purroses, about 65 per cent was operated; underground at the close of
f
ast year.
number of subscribers wltnln the present year at substantially the same rate as that
of the past four or five years, and plans have been approved by your
The present indications point to an Increase
of the
directors for extensions of the property requisite to provide for such
growth of the business.
The expenditure for new construction during the year amounted to
$1,201,401, of whioh $267,517 was for exchange aerial construction,
$299,712 for exohange underground conduit and cables, $314,876 for
toll lines and $319,296 for equipment. New exchanges have been
opened in 16 towns or villages. Our exohange at St. Albans, Vt
whloh had about 600 subscribers, has been merged with the Franklin
County Telephone Co. of that city, whioh Is now operated as a licensee
of this company.
Our new exchange bulldlngB in Jamaica Plain, Mass., Newton, Mass.,
and I<ewlston, Me., have been completed and equipped with new central office apparatus.
Statistics.— Results of operations
On Dee. 31—
were as given below
:
1902.
1901.
1900,
1899.
1898.
Miles of exch.wlre. 220,749 183,421 143,958 118, 6i0 97,962 80,286
Exchange statlons.114,102 100,864 84,131 67,077 52,586 39,308
1903.
Express stations
Private line stat'ns 7,014
Sub-license contract
451
6,699)
6,744
9,9U
stations
Total stations
6,844
131 ,067 114,452
457
459
467
7,587
7,666 6,548
2,419 3
93,700 75.121 60,711 46,323
RECEIPTS AND EXPENSES.
Revenue—
Exohange servloe
Toll service
Private line earnings
Messenger earnings
Real estate revenue
Interest
Miscellaneous revenue
Total
Expenses—
General and taxes
1902.
1901.
$
$
$
Interest
Total
(6 p. c).
$
4,856,596 4,413,024 3,769,784
1,544,930 1,361,262 1,170,052
97,302
90.297
73,378
70,126
66,2?2
68,t>93
3,672
1,800
1,800
100,154
44,857
54,586
20,085
47,148
39,120
3,298 980
952.058
74,342
61,144
1,942
90,432
39.495
6,692,865
..5,277,725
..1,415,140
..1,297,002
Net revenue
1900.
6,024,610
5,177,412
4,518,396
941,614
826,139
978,714
1,771,290
254,234
14,774
63,032
719.319
790,500
1,294,571
2,045,987
251,876
11,129
68,019
1,099
241,545
622
226,125
Construction.— We have expended for o instruction— overhead
underground construotlon, eleotrioal maohlnery. meters, transformers and arc lamps, and oonnrnotlon at Christian St., $1,128,182,
of whloh about 75 p. o. was expended at the new central station at
Christian Street Wharf, Bohuylklll River. The operation of the new
station was commenced on Sept. 28, 1903, the first generator of 2,000
K. W. oapaclty naving been turned into the system on that day. So
far as this unit is concerned, and the engines, boilers, etc, conneoted
therewith, the servloe has been most satisfactory, and the operating
guaranty in every way has been properly met. The Installation of
the large 5.000 K. W. generator and the 7,500 h.-p. steam was completed on Nov. 23, 1903, but first an accident to the engine piping and
later (on Jan. 7, 1904) a defec, purely mechanical, in the design of
the valves, put it out of commission. As soon as the latter defect is
correoted, whloh should be done in a few weeks, it is hoped that we
will have the continuous use of this unit, whloh is one of the largest
Installed.
Leases— Daring the year the leases of the underlying companies, to
"The Philadelphia Eleotrlc Co." [of Pennsylvania], as outlined In last
year's report, were carefully prepared by counsel, and were adopted
to take effect on Jan. 1, 1904. This plan as adopted, will not affect
the seoui-ltles issued, or the rights and privileges of any of these companies, «r disturb In principle the relations heretofore existing be-
tween the holding and the subsidiary companies. All these points
were carefully safeguarded by oounsel In the preparation of papers
neoessary to the fulfilment of the purposes of this plan. The oapltal
stock of fhe Philadelphia Electric Co. was increased, and an amount
Issued to thlB company in payment for the moneys advanced for oonstruotion of the
4,855,841 4,139,930
1,168,769 1,037,482
1,108,726
947,406
during
h<- art of the elty, will call for estimated expenditures
that period of at least $1,500,000. (V. 78, p. 1553.)
The comparative statistics of earnings, etc., for the calendar years 1903, 1902 and 1901, and the balance sheet of
Dec. 81, follow [the report for 1903 unites the general expenses and taxes with the interest paid in one item of $3,053,443; we have separated them, there having been no change
during the year in the amount of outstanding trust certificates.— Ed]:
Connected load Dec. 31 (16 o.
GrosB inoome all companies
General expenses
do
Philadelphia El. Tr. Ps..
do
do
do
4s...
Dividend (5%) on amt. paid in....
:
118,138
60,043
HALANCB SHEET DEC. 31.
1908.
1908.
Aitets—
J
$
Property & f ran... 22.828,91 9 20.3H3.010
Construction
1,201,401 l,H95,"OH
Supply departm't..
Real estate
Btockg A bonds ..
Accounts
Cash
1.114.004
74.464
r6,;fv6
1.070.(168
1, 010,1*39
recely'le 8,109,«08
872,206
8.S 4,337
Total
-V.
99-1.935
78, p, 1785.
LiabUitiesOapitjil stock.
90,076
1903.
$
58,117
1902.
$
21 016.700 21.610.700
1,474.60!) 1,35".470
Bonded debt
4,000,000 4,000,000
Accounts payable.
662.75U
393,S88
Keserve
1,899,121
921265
Rorplas
912,874
29.053,185 28,297.823
Total
29.063,185 28.2S7.823
Philadelphia Electric Company.
{Report for the year ended Dec. SI. 190S.J
President J09. B. McCa'l says in substance under date Of
April 13:
Lamps —The total number of lamp? conneoted at the endof the
year Is equivalent to a total of 877,208 of 16 o. p. lamps; an lnorease
over last year of 108.278, or 1408 p. o. The total conneoted load on
Dec. 81, 1900, was only 586,071 of 16 o. p. equivalent.
$1,875,285
$99,715
563.403
600,565
375,035
$1,718,039 $1,578,727
$99,715
$99,643
563,413
563,436
600,478
600,468
337,542
1902.
$
Subs, to cap. stock. 17,487,225 17.487,225
11.1116
Instalments
8.122
99,150
Cash
511,700
35.681
Charter and organ.
35,631
Stocks miscel. cos. 17,819.153 17,7C9.5Hn
Accld. fund ins ...
15,047
35.047
6C6.806
Advan. sub'y cos.. 2.685,104
2.450.680
Accrued earnings.
Whila. Elec. gold 4s 1,879,979 1,879.979
Phila. Elec. Co. of
Penn. stock
1.421,500
127,447
Accts. receivable..
279,646
2,t7l
Miscellaneous
2,255
$
Total
41.0S0.615 40,569,870
$1,263,547
$315,180
1P03.
1903.
AsuU—
1902.
Liabilities—
Capitil stock (amt.
called, 30 p. c>. .x7,500.626 7.500,626
Amount subject to
assessment
17,487,225 17,487,225
La ad Title* Trust
Co. (trustee). ...15,014.14815,014.142
3,910
278,588
563,567
800,135
Accounts payable.
Piofltand loss
Total
41,080,615 40,599,370
x On April 27, 1904, an assessment of $2 50 per share was called, payable In
two instalments of (1 26 each on June 1 and Dec. 1. This is tbe third assessment called on tbe i.Oon.OOO shares of $25 each, and it will make the same $10
p. c.)
paid (V. 7s,
p.
1553.— Ed.)
The following items appear on the books of the subsidiary companies, viz Assets— Miscellaneous stocks of oompanies owned by subsidiary companies deposited, $13,262,360, used as a basis of issue of
:
gold certificate 5s outstanding, namely:
Edison Electric Light Co. gold trust certificate 5s
Philadelphia Electric gold trust oertlttoate 5s
See also item on page 1449.— V. 78,
Assets
-
^
$1,994,300
11,268,060
p. 1553, 1501.
Pittsburgh-Baffalo Company.
(General Statement of April 1, 1904 J
Liabilities—
15,399 acres Pittsburgh
$5,928,615
acres Freeport
ooal
1,041 acres Pittsburgh
surfaoe
acres
surface
470
160,275
187,380
Freeport
Cash
Treasury bonds
Accoonts reoeivable
...
82,250
96,239
85,000
171,729
839
Bills receivable
Balance, surplus
1901.
1903.
1902.
675,995
877,208
768,930
$3,685,045 93,422,412 $3,295,971
1,789,760
1,717,244
1,704,378
$1,638,718 $1,601,148
$236,567
$116,891
BALANCE SHEET DEC. 31.
Surplus
2,137
896.752
838,635
p.)..
Total net inoome
Interest Edison El. Tr. 5s
213,163
9,573
61,629
3,621,644
St. station to date.
In the
ooal
1,243
new Christian
Capital Requirements.— The great Increase in our business in the
past few years has made it necessary to expend large sums of money
in extensions, and the lnoreased earnings have justified the expenditures made. The demand for the use of eleotrloity is becoming greater
every year, and our constant efforts are towards extending the business throughout all seotlons of the city. The construotlon already
authorized for this year and the amount anticipated for 1904 and
1905, including extensions contemplated to the underground system
1,588,373
237,839
[Vol. lxxviti.
lines,
each (40
1903.
1,115,900
1.435,774
2,156,217
288,548
1,253
70,600
1,084
208.348
Operating
Maintenance
Rental and royalty
Private line expenses
Messenger expense
Real estate expense
Dividends
.
MerchamiVA: supplies
Equipment (after writ.
Preferred stock
uommon stook
Bonds issued
Vouchers audited
Payrolls
Accounts payable
Insurance fund
Aoorued
taxes and
Interest
Sinking fund
Surplus
Profit
and
loss
$1,000,000
5,000.000
1,760.000
28,185
28,799
10,928
22,816
31,398
22,324
30,000
8,799
59,522
ing off$271. 172 fr'm
aotual cost) —
Six mines equipment
Coke ovens, maohlne
shop, brlok* sewer
pipe plants
264 houses
200 steel rallr'd cars.
Equity in 20 steel &
z60 wooden oars...
Retail yards equlpm't
Total assets
561,634
156,700
178. 3%2
180,000
69,749
9,965
$7,928,249
Total liabilities ....$7,928,249
Of the $1,750,000 bonds now issued, the Union Trust Company holds
certain bonds to be exohanged or held as security for Pittsburgh &
Buffalo Company bonds. 9404,000; purchase money mortgage on certain ooal lands acquired by the merged company, $91,000. The balanoe of $l,260.00o bonds, making up the $3,000,000 authorized, is
held by the Union Trust Co.. to be sold at not lets than par, for equipment of additional ooal lands, etc. On April 1 all bonds ($481,000) of
the Manufacturers' & Consumers' Coal Co. had been exohanged aud the
mortgage entered for cancellation. Compare V. 78, p. 1786, 1449.
J
:
June
J
William Cramp & Sons' Sbip & Engine Building Co.
{Report for the
year ending April 30,
Grove is quoted as follows
fltcal
:
($29,523) are charted to capital account.
The past year indicates that there has been little or no profit In
shipbuilding proper. Were It not for our subsidiary companies doing
business other than that of building ships we would not be able to
make this showing. Our position for the coming year, however. Is secure In having In all departments contracts aggregating about $13,000,000, whloh is an lnorease over the same period of last year of
$1,500,000.
The results for the year ending April 80, 1904, were :
Earnings shipbuilding. $4, 818.917 Other income, lnoludl'g
Interest on deposits
Other departments.... 2,288,165
and discounts for cash
Tot. gross earnings. $7,107,082
on material bills
$25,608
Operating expenses ... 6,372,050
Total set profit
$580,066
Net earnings
$735,031 Fixed charges, interest,
Gecer'l misc. expenses.
170,573
401,891
eto
Surplus...
564,457
$188,174
for four years past, it is understood, compare
as below
1904.
Gross earnings
$7,107,082
Net earnings
735,031
—V. 78, p. 2014, 991.
1901.
1902.
$6,202,093
786,147
1903.
$8,519,169
696,497
$7,319,000
743,000
Fe6.29,'04. Feb.28,'03.
Feb.ZQ.'Oi. Feb.28,'03.
Asset*—
I
$
shares
in
other comp's. etc. 2,517,131 2,424,434
Accounts recelv'ble
1,082,749
and inventory
Cash
14,674
Total
3.614.564
William Fries
is
1 813,117
8.090
4,245,641
Liabilities$
Capital stock
2,?91,600
Bills*acc'ts payable
20,686
Reserve and depre300,016
ciation fund
Total
«
2,891,600
870.857
402,802
216,060
261,134
3,614,654
4,245,611
Surplus
President.— V. 76,
p. 1246.
Fore River Ship & Engine CO.
( Balance Sheet of December 31, 1903. J
The company's balance sheet as reported to the Massachusetts authorities follows
:
As$et8—
Real estate
$1,856,017
Machinery
1,167,548
Patterns and drawings
113,016
Merchandise and stock
440,094
In process
Cash A debts recelv'ble
528,257
941
Patent rights
Treasury stock
130,400
Miscellaneous
202,856
Goodwill
2,312,500
Profit and loss
104,328
Total
—V. 78, p.
$6,855,957
Liabilities—
Capital stook
$4,925,000
222,209
Funded Indebtedness.. 1,250,000
Floating Indebtedness
458,750
Accounts payable
.
Total
$6,855,957
1894, 1226.
John P. Sqnire & Co.
{Balance Sheet of Jan, 2, 1904J
The balance sheet of Jan. 2, 1904, filed with the Massachusetts Commissioner of Corporations, it is reported, compares with that of Feb 14, 1903, as follows:
BALANCE SHEET JAM.
Jan.
1904.
I
2,706.192
863,860
Assets—
Real estate
Machinery
Merchandise
Cash & debts receiv.
Horses, wagons, Ac
Treasury stock
Good
will
Miscellaneous
Total
8,
695.935
4t 10,968
.
2,70*1,590
361,434
1,059,4 dS
424.V59
55,32c
30,900
2,969,810 2,969,130
110.999
,
7,232,067
2.
Jan,
Feb. 14,
1903.
$
7,622,521
RAILROADS. INCLUDING STREET B0AD8.
Atlantic & North Carolina BE.— Temporary Receiver.—
in the United States Circuit Court at Raleigh
the action bronghtby John P. Cuyler and K. S.
Finch, minority stockholders, appointed Tho?. D. Meares of
Wilmington, N. C, temporary receiver. S. G. Ryan of Raleigh
was appointed special master to take testimony and report
findings of fact thereon to the Court on July 15, when action
is expected to be taken as to a permanent receivership,
In
the meantime, if the stockholders authorize a lease which
meets the approval of the Court, the receivership will be vacated. An appeal has been filed to the United States Circuit
Court of Appeals, argument thereon to take place on
June 28. On June 1 Chief-Justice Fuller of the United
States Supreme Court, acting as a Justice of the United
8tates Circuit Court of Appeals for the Fourth Circuit,
suspended the operation of the order appointing the receiver
until the further order of the Circuit Court of Appeals at its
next term, on the filing of a bond in the penal sum of $25,000. The bond was to be filed yesterday. See V. 78, p. 2010.
Angnsta (6a.) Union Station Co.— Bonds.— The shareholders will vote June 10 on a proposition to issue $250,000 of
bonds. The company was incorporated in Georgia in 1901
with $75,000 of capital stock. The last annual report of the
Southern Ry. Co. said:
The Sonthern Railway Co., by agreement with the lessee ot the
Georgia RR. and with the Atlantic Coast Line RR. Oo., has become the
owner of a one third Interest in the new passenger station at Angnsta,
Ga„ ereoted by the Augusta Union Station Oo. at a cost of about
Jud«e Purnell,
on May
28, in
$200,000.
California Fruit Canners' Association.
( Balance Sheet of Ftb. t9, 1904
The sales during the year ending Feb. 29, 1904, it is said,
were about $1,000,000 in excess of any previous year. There
was distributed in dividends $208,195," being 60 cents monthly
(7*2 p. c. per annum) on the 28,916 shares of $100 each.
Plant,
2333
GENERAL INVESTMENT NEWS.
1904.
President Henry S.
The inoome account for the year shows a net surplus from all the
company's operations and Interests of $188,174. Bnt It must be borne
In mind that under the terms of several of the mortgages against your
property and conditions nnder which the $5,000,000 bonds were
issued, we are required to pay considerable money each year toward
the liquidation ot our Indebtedness, and as we have no means of refunding these payments.we must look to our earnings for the means
of meeting them each year. It Is therefore satisfactory to rind that
the net surplus for the year has been sufficient to enable us to meet
these payments without enoroaohlng on working capital. The details
of these repayments ($146,000) and of certain email Improvements
Netproflt
—
THE CHRONICLE
4, 1904.]
The earnings
— —
:
2,
1904.
HablUtl'S—
$
«,000,COO
Common stock
Prr.6p. c. curn.stk.. 650.0
98.S77
Aciounts payable..
Assignees' security.
4 ,000
Bloating debt
440,179
92.06S
Surplus...
Profit and loss
1,463
Total
7,282087
Feb. 14,
1903.
a
6,0C 0,000
619,100
1.019.53H
64,790
19,092
7.622,621
E. C. Swift, of Swift & Co., was recently quoted:
There seems to be misapprehension as to the relations between
Swift <te Co., the North Packing A Provision Co. and J. P. Squire A Co.
I wish to state that Swift A Co. Is not Interested in either of these
companies, does not own a share of their stocks, or furnish them
produot to sell, being Instead a competitor for New England business.
J. P. Squire A Co., is a local independent corporation, a majority
Interest In the stock, however, being owned by Interests who are to a
greater or less extent stockholders of the North Packing & Provision
Co. J P. Squire A Co. has absorbea the Boston Paoklng & Provision
Co., and secured as managers of their business the very efficient services of Louville V. Niles and J. F. Crooker, prlaoipal owners and
former managers of the Boston Packing & Provision Co.
Touching the foregoing, a gentlemanclosely identified with
the Swift interests said:
The corporation of Swift A Co. has no interest whatsoever in either
the North Packing A Provision Co. or Squire & Co., but the Swift
people, as Individuals, control both companies, and £. C. Swift and the
estate of G. F. Swift are the largest stockholders in the North Paoklr g
A Provision Co. It Is true that the North and £ quire companies compete
with Swift A Co. in New England, bnt only In pork products, but this
competition is necessarily largely of a friendly character. Western Interests who own part of the Squire stock are also heavily Interested in
the Swift Co. I suppose at the proper time both the North and Squire
plants will go into the National Packing Co.— V. 78, p. 291.
Bronx Traction Co., New York. New Company.—This
company was incorporated at Albany on May 21 with $587,000 authorized capital stock, as a coasolidation of the follow-
ing oompanies
Suburban Traction
:
Co., the Van Nest West Farms & Westchester
Traction Co., the Wakefield A Westohester Traotlon Co., the West
Farms A Westohester Traotlon Co. and the Willlamsbridge A Westchester Traotlon Co.
The President is Edward A. Maher Secretary and TreasThomas W. Olcott. Among the directors are D. B.
Hasbrouck and Chas. E. Warre n, respectively President and
;
urer,
Vice President of the Metropolitan Street Ry. Co.
Central Pacific By. Co.— Bonds Offered.— S. W. Harris
Co. offer at 9934 a °d interest, by advertisement on another
page, $l,0C0,000of the flret refunding mortgage 4 p. c. gold
bonds dated Aug. 1, 1899, and due Aug. 1, 1949.
Of the
authorized issue ($100,000,000) $67,756,000 is now outstanding
and $2,740,000 is in the company's treasury. These bonds are
secured by a first lien on practically the entire mileage of the
Central Pacific, 1,349 miles of first track and 492 miles of
second track and sidings; also on all the terminals in San
Francisco, Oakland and Alameda, together with equipment,
franchises, etc. They are also guaranteed unconditionally
by endorsement on each bond by the Southern Pacific Co.
which owns practically the entire capital stock, the Central
Pacific Ry. thus being practically owned by the Union
Pacific RR. and forming with the latter a continuous
through line from Omaha to San Francieco.— V. 78, p. 228.
Chesapeake Transit Co.— New Stock.— The company has
increased its stock from $1,000,000 to $1,500,000 (all of one
V. 78, p. 1498,
class) to provide for double-tracking, etc.
Chicago Burlington A Qaincy RR.— Called.— On June 2
there were payable at par and interest by the trustees,
No. 50 State 8treet, Boston, $11,000 Tarkio Valley RR. and
$10,000 Nodaway Valley RR. 1st 7s.— V. 78, p. 1961, 1891.
Chicago & North Western Ry.— The date for the annual
meeting has been changed from the first Thursday in June to
the third Thursday in October, and the closing of the fiscal
year from May 30 to June 30.— V. 78, p. 583, 514.
Chicago Rock Island & Pacific Ry.— New Line.—The new
line from Kansas City-St. Louis, 275 miles (St. Louis Kansas City & Colorado Ry.), will be opened for through service
to morrow.
Until July 1 the tracks of the St. Louis & San
Francisco will be used between Kansas City and Clinton,
and the Missouri Kansas & Texas line between Clinton and
Windsor. From July 1 the entire new line is expected to be
in use.
The time between Chicago and Los Angeles, it is
claimed, will be shortened eight hours by the new route.
V. 78, p 1446, 1391.
Chicago Union Traction Co. Decision on 99- Year Act.
Judges Grosscup and Jenkins in the United States Circuit
Court on May 28, in a lengthy opinion, sustained the validity
of the 99- Year Act of the Legislature of Feb. 6, 1865. The
Court holds, however, that the Act does not cover the
ordinances passed subsequent to the adoption of the Charter
in 1875.
The opinion, written by Judge Grosscup, says in
&
—
—
part
"To sum up our conclusions in one paragraph, we hold that, as to such
ordinances as were passed by the City Counoll prior to the counting of
the vote at the charter eleotlon in 1875 and accepted and aoted upon
by the railway companies, there exists between the oompanies and
the olty a contract relation, terminable by neither party without the
consent of the other uatil the period named in the legislative Acts expires; bnt that as to streets eooupled under ordinances parsed af tt-r
that date the contract relation is to be looked for solely in the ordinances themselves. Upon those legal predicates the status of the particular Btreets affected is easily ascertainable."
The franchises direotly granted by the Legislature and
those included in ordinances passed between 1865 and 1875,
THE CHRONICLE.
2334
to be legal, cover moat of the important
together with a large nnmber of the important
all of
which are held
tiunk
lines,
feeders and down-town routes. The franchises, which under
the decision would revert to the city, it was sought to retain
on the "twigand-branch" theory as being necessary to the
operation of a growing or complete system. As the result of
the decision would be a disjointed system, partly operated
by the Union Company and partly by the city or competing
lines, it is claimed by the city authorities that the company
will now be compelled to make a satisfactory settlement
with the city. See Hat of franchises held to be valid and
those he'd to be invalid in Chicago "Inter Ocean" of May 29.
Leased Lines. -The United States Supreme Court last week
refused to issue a writ of certiorari to bring before it for review the proceedings begun by the receivers to erjoin James
J. Townsend and other minority stockholders from prosecuting their actions in the State courts to set aside the
amended leases of the North Chicago and West Chicago
street railway companies.
Receivers' Certificates.— Judge Grosscup has authorized the
receivers to issne $151,875 receivers' certificates to pay the
semi-annual interest on the $6,750,000 Consolidated Traotion
Co. 4}£ per cent bonds due June 1. Of the $500,000 certifi
cates authorized in March, 1904, $418,000, it is stated, has
been issued and the balance is available on account of floating debt.— V. 78,
p. 1549, 1391.
Ry.— Decision.—-The United
States
Justice White writing the
opinion, held that the ordinanoe passed by the City Council
in 1898, fixing the rate of fare on certain lines of the Cleveland City and Cleveland Electric railways at 4 cents each, or
7 tickets for 25 cents, was invalid. The city claimed the
right because in the original ordinances passed in 1879 relating to these particular lines, the right was reserved to it
thereafter to change the rate of fare. The railway com
panies on the other hand insisted that the reserved right to
regulate fares on the original lines was no longer operative
because under ordinances passed in 1885 and subsequently,
permitting consolidation of various lines (including those
mentioned in the ordinances of 1898), the rate of fare over the
consolidated system was fixed at 5 cents, no right being reserved by the city to reduce the rate at any time in the future.
The effect of the decision, it is claimed, is to make it impossible for the city to enforce the McKenna ordinance, now
in litigation, by which the city attempts to fix a 3-cent rate
on a large part of the street railway lines. See V. 75, p. 395;
Cleveland
Electric
Supreme Court on May
V.
74, p.
1865.-V.
31,
78, p. 1391, 1222.
Colambus Buckeye Lake & Newark Traction Co.— See
Columbus Newark & Zanesville Electric Ry. below.— V. 78,
Columbus Newark & Zanesville Electric Rj.—New
Line.—This company, which on May 6 put in regular operation its 80-mile trolley line from Newark to Zanesville, has
absorbed the Newark & Granville Street Ry., owning 6 miles
in the city of Newark and 8 miles from Newark to Granville.
The report that the Columbus Buckeye Lake & Newark
Traction Co. has also been absorbed
is,
we
learn, erroneous.
from Columbus to Zanesville, 64 miles,
will, however, be established shortly, and it is proposed to
run cars stopping only at Newark and covering the entire
distance between the two termini in 2% hours. On the line
between Newark and Zanesville there is a tunnel 370 feet in
service
length,
The capitalization of the
as follows
Columbus Newark
& Zanesville is
:
Par.
Date.
Common
Interest.
Outstanding.
Maturity.
$1C0
ICO
stock
Preferred stock, non-cum.
$850,000
..
400,000
..
1st mort., $2,000,000, gold..) 1904
1,000
5 g. M.- S.
1,260,000
Knickerbocker Trust Co., > All (no part) subject to call at 110
New York, Trustee.
) on any interest day.
Mar.
and
1, 1924
Interest
President, P. L. Saltonstall; Vice-Pres., S. Reed Anthony;
Secretary, F. W. Merrick
Treaeurer, Chauncev Eldridge.
Tucker, Aithony
Co. are interested. See Street Rail
way Section, Columbns Buckeye
Newark Traction Co., p.
875, and Newark & Granville Street Ry., p. 911.
;
&
&
Delaware Lackawanna & Western RR.— Destruction of
Piers.— Six of the company's long piers just south of the
Hoboken city line were destroyed by fire on May 29, entailing a loss which it was first thought might amount to $800,000 or more, but which, it is now stated, will be leas than
was expected. We are officially informed that a considerable
amount of the loss is covered by insurance. —V. 78, p. 815.
—
Denver & Inter- Mountain Ry.— A^uj Company Thia company is the successor of 'the Denver Lakewood & Golden,
which was sold on May 19 under foreclosure of mortgage and
purchased by the Farmers' Loan & Trust Co., the trustee, for
the henefit of all of the bondholders. The capitalization of
the row company is $514,800 in common stock, which repre
sents one-half of the total face valne of the old bonds and
coupons outstanding, and it will be distributed pro rata to
the holders of those securities. The road extends from Denver to Golden, 13 miles, with branches to Barnutn, three
miles, and to Ralston, eight miles. Extensions are proposed.
Denver Lukewood & Golden Ry.— Foreclosure kale.— See
Denver & Inter-Mountain Ry. V. 78, p. 1549, 820.
Des Moines & Fort Dodge KR.— New Directors.— At the
annual meeting on Thursday the directors elejtel were
W. L. Stow. Edwin 8. Hooley, N. Helnehelmer, Harry L. Falk, <J. K
•-.ohnson, 8. W. Maxwell, Rlohard O. Lorob, Walter I. Orandall and A
—
:
O.
Doan.
w
The three lust named are n a directors and are supposed
to represent Edwin Hawley. The lease of the road to the
Chicago Rock Island
Pacific expires on Jan. 1 next, and it
was announced at the meeting that on the expiration of the
lease the property would be allied or merged with some other
&
system—rumor says the Minneapolis
& St.
Louis.— V,
78, p.
988.
Hartford 8c Worcester Street Ry.— New Enterprise.—-This
company, incorporated in 1903 both in Connecticut and
Massachusetts, the Massachusetts corporation having $300,000 of authorized capital stock, is reported to have let contracts for the construction of 89 miles of its proposed trolley
The entire length of
line between Hartford and Worcester.
ckville
the line, it is stated, will be 60 miles, but between
R
and Hartford the company's cars will use the tracks of the
Hartford Manohester & Rockville Tramway Co. About 14
miles of the road in Massachusetts will be over private right
of way. The officers are:
President, Fred. O. Hinds of Boston; Vice-President, Thomas O.
Perkins of Hartford; Treasurer, Charles H. Wilson of Boston; Gleik,
Charles L. Wilson. Dlreotors: Herbert E. Shaw of Wales; Charles 8.
Tarbell of Brlmttelo"; John F. Hebaid of Sturbrldge; Edward Aken of
Charlton; Fred. O. Hinds, Charles H. Wilson and Thomas O. Perkins.
James F. Shaw & Co. of Boston are back of the underWorcester
taking.
The same interests built the Boston
Street Rv. [see page b59 of Street Railway Section, also
Chronicle, V. 77, p. 2097, and V. 78, p. 1961], and is planProvidence Street Ry." The
ning to build the "Boston
last-named would be a double- track high-speed line, 32 miles
in length, forming, with existing electric roads, a 43-mile
&
&
route between Providenoe and Boston.
Indian Territory Traction Co.— New Road.—This company has completed 8% miles of its trolley road, which
is to extend from South McAlester to Hartshorn, Indian
Territory, a distance of 20 miles, passing through six towns
on the way. It expects to complete the remainder of the
The company's mortgage is
line before the end of the year.
made to the Merchants' Loan & Trust Co. of Chicago, as
These
trustee, and secures |450,000 of 5 p. c. gold bonds.
bonds are dated June 1, 19C3; denomination, $500 and $1,000,
and are due in 1928 without option of earlier redemption of
;
these bonds $191,000 are outstanding; interest payable in June
Savings Bank of Chicago.
and December at Colonial Trust
The Traotion Company waa incorporated in the Indian Territory in 1901 with $500,000 of authorized capital stock, of
which $212,500 is outstanding— all of one class; par of shares,
&
The officers are:
$100.
President, Lawrenoe P. Boyle; First Vice-President, L W. Bryan;
Second Vice-President, A. W. Underwood; Beoretary, M. M. Lindly;
Treasurer. A. U. Thomas. Offloe, South MoAlester, Indian Territory.
(Fla.) Electric Co.— Purchase.— This company
acquired control of the '.Key West Electric Light &
Power Co. See p. 896 of the Street Railway Section; also
Chnonicle, V. 77, p. 250.
Lake Erie Toangstown & Southern Ry.— Mortgage.— A
mortgage has been filed to the New York Seourity & Trust
Co., as trustee, to secure $200,000 of 4 per cent 20-year bonds
covering this property, which the stockholders of the Wheeling & Lake Erie recently voted to purchase. V. 78, p. 1784.
Lak« & River RR.— 8old.— At the foreclosure sale in Ashland, O., on May 25 the property was bid in for $250,000 by
the Cleveland Trust Co., the trustee under the mortgage of
1902.
This mortgage was for the authorized amount of
Compare V. 77, p. 510.
$500,000.
Lehigh Valley Traction Co.— Purchase of Coupons.—
Brown Brothers & Co. and Edward B. Smith & Co., both of
Philadelphia, make the following offer to the holders of the
first mortgage 4 p. c. gold bonds due Dec. 1, 1929:
The receivers, having stated that they are not in funds suffioisnt to
enable them to pay the coupons maturing June 1, 1904, and that they
Key West
p. 702.
Through
[Vol. lxxviii.
has
—
be oompelled to make default thereon, the undersigned will purchase Ht par all ooupons maturing June 1, 1901, which will be presented to them for that pnrpose at their respective offloei during the
month of Jane, 1904.-V. 78, p. 1781. 1446.
will
London (Out.) Street Ry.— New Stock.— The directors of
company, which is controlled by the Everett-Moore
this
Syndicate, have authorized an increase of the outstanding
capital stock from $450,000 to $500,000, to provide for floating
debt. See page 898 of Street Railway Section.
Mar) land Electric Railway, Baltimore.— Project Revived.
— An ordinance has
been introduced in the Baltimore City
Council to grant franchises on about 25 miles of street to
this proposed company, which offers to pay the city a 9 per
cent park tax, like the existing company, and also to pave
the streets for their entire width with asphalt, Belgian
blocks or other improved pavements. The company is represented in Baltimore by Attorneys W. Irvine Cross and Jas.
For routes of proposed railway, see "Baltimore
B. Guyton.
Sun" of May 26.— V. 74, p. 151.
Metropolitan Street Railway Co., New York City.— Called
Ronds.—ln our advertising columns will be found the numbirs of the following bonds which are called for payment at
par and interest on July 1 at the Morton Trust Co., viz.: 42d
St. and Grand St. Ferry RR
23d St. Ry., 50
50 bonds
,
;
bonds,
Allied Corporation.— See Bronx Traction Co. above.
I onds.—The company recently applied to the New York
Stock Exchange to list $2,354,000 additional refunding 4 p. c.
bonds of 1902, making the total amount thereof listed and to
be listed under this and previous applications $15,134,000.
The Third Avenue Ry. Co. has also applied for the listing of
—
——
June
4,
THE CHRONICLE.
1904.
|
$1,948,000 additional first consolidated guaranteed 4 p e.
bonds, making the total amount of this issue covered by this
and earlier applications $36,943,000.-7. 78, p. 1782, 1549.
Minneapolis
Dodge
RR.— V.
RE.— See
&
St. Louis
77, p. 2336, 2280.
Das Moines
&
Fort
New Orleang Terminal Co.— Decision.— The Supreme
Court of Louisiana on May 23 decided that the City Council
of New Orleans had no authority to grant this company the
right to lay tracks on the banks of the Mississippi River
within the limits of the city of New Orleans and upon the
public wharves and landings thereon, the administration of
this territory being lodged by an Aot of the Legislature
solely in the Board of Commissioners of the Port of New
This right, while valuable, is not, it is stated, essenthe pre ject. See decision in full in the "Diily Picayune" of New Orleans of May 24.— V. 78, p. 1447, 843.
Orleans.
tial to
Central & Hudson River RR.—
Suit
Dismissed. — Hdu. Charles Andrews, ex-Chief Judge of the
New York
Harlem
Court of Appeal?, acting as referee, has decided in favor of
the defendants the action brought by the Continental Insur
ance Company and others to set aside the compromise agreement under which the New York Central is allowed $220,000
of the annual saving through the refunding of $12,000,000 of
Harlem 7 per cent bonds. See editorial on page 2305 and V.
76, p. 1144.— y. 78, p. 1962, 1907.
New York & Harlem RR.— Decision.—See New York
Central & Hudson River RR. above.— V. 76, p. 1144,
New York New Haven & Hartford RR. Co.— Debentures
Issued for Fair Haven
Westville Stock.— Below we give
the wording on the face of the debenture scrip certificates which were issued in payment for the stock of the
Fair Haven & Westville RR. on the basis of $200 in debentures for $100 in stock, the total issue of which was $5,000,000.
Notwithstanding the fact that our description of these debenture certificates was furnished in writing by one of the
officials of the New York & New Haven, countersigned by
three other officials of the company, the interest periods of
the debentures were erroneously given as August and
February whereas they should have been October and April.
This fact we learn from the company itself and also from the
debenture scrip certificate which follows :
No
9
&
Dated, New Haven, Conn.. A.pril 1, 1904.
Fifty years after date, the New York New Haven & Hartford RR. Co.
promises to pav to
or order. $
at the office of Its Treasurer, Id the City of New Haven, Conn., and to
pay Interest thereon from date at the rate of 34 per oent per annum,
payable semi-annually, upon presentation of tbls certificate at said
offioe. Bald company further promises at any time after June 1, 1904,
when any certificate or certificates of this issue shall be presented to
its Treasurer for cancellation In sums of $500 or $1,000, faoe value,
or any multiple thereof to issue to the holder in lieu thereof, for eaoh
$500 or $1,000, faoe value, one of Its oouponor registered non taxable
debentures, at option of said holder, of the similar par value, dated
Apl. 1, 1904, and maturing Apl. 1, 1954, bearing interest at the rate
of 84 per oent per annnm from date, payable semi-annually Oot. 1st
and Apl. 1st.
This certificate is transferable ou the books of the Company upon
the surrender hereof, properly endorsed.
(Signed) New York New Haven
Hartford RR. Co.
H. M. Koohersberger. 3rd Vloe-Presideat.
A. 8. May, Treasurer.
.
A
Securities.— See Old Colony
RR. below.— V.
78, p. 2012, 1962.
New York Short Line RR.— Cut-Off.— This company was
incorporated in Pennsylvania in 1903 with $250,000 capital
stock, all owned by the Reading Co., and has begun the construction of a cut-off for that company's line between Cheltenham and Neehaminy Falls, a distance of §% miles, shortening the main line from New York to Philadelphia by more
than two miles. While intended as a four-track road, two
tracks only will be laid at present, except on abcut two
miles, where there will be three tracks. It is estimated that
the new line will cost about $80,000 a mile. No bonds have
been issued as yet, but it is supposed that a guaranteed loan
will be made later on.
A full description of the new line is
given in the "Railroad Gazette" of June 3, page 419.
Newark & Granville Street Ry.— Consolidation.— See Columbus Newark & Zanesville Electric Ry. above.— V. 75, p,
135.
Northern Texas Traction Co.— Extension of Bond Pool.—
The syndicate which is financing this enterprise has asked
the holders of reoeipts for bonds to extend tbe pooling agreement from July 1, 1904, to July 1, 1905. Of the authorized
$2,500,000 bonds, $2,000,000 have been issued and $500,000
are held for additions and improvements.— V. 78, p. 1110, 703.
Old Colony RR.—New Stock.—The Massachusetts Railroad Commission has authorized the Company to sell $462,500 new stock to refnnd $750,000 bonds maturing July 1, 1904
and to pay floating: debt of $175,000 incurred for permanett
improvements. The new stook will probably be sold at
auction the latter pait of June, making $17,871,400 stcck
outstanding.— V. 78, p. 1962, 1110.
Ozark & Cherokee Central Ry.— Guaranteed Bonds Offered.— Mason, L^wis & Co. aud Farson, Leach & Co.
offer at 98 and interest $2,800,000 of this company's
$3,000,000 first mortgage 5 percent gold bonds of $1,000 each,
principal and interest unconditionally guaranteed by the St.
Louis & San Francisco RR. Co. These bonds are dated O^t.
1, 1903, and mature Oct. 1, 1918, but are redeemable at the
option of the company on any interest date at 100 and interest upon 60 days' notice, Sse advertisement on another page.
B, F. Yoakum, Chairman of the St. L jmis & San Francisco
RR. Co., 71 Broadway, New York, writes to the bankers as
follows under date of
May
14,
1904
:
2335
The Ozark & Cherokee Central Is now completed and in operation
between Fayettevllle, Ark., and Okmulgee, ind. Ter., a dlstanoe of
14390 miles. Its oharter providing for Its extension through the Indian and Oklahoma territories from Okmulgee to Oklahoma City and
from Muskogee, Ind. Ter., to Port Smith, Ark., and a branoh from
Fayettevllle to Jasper, In all about 400 miles. The stouk of the company is owned by the St. Louis & San Franolsoo RR Co. and the property Is bonded at the rate of $20,000 per mile. Of the bonds, there
have been Issued $2,880,000 covering the oompleted construction
from Fayettevllle, Ark., to OklahDma. Ind. Ter., being the bonds purchased by you, and there are reserved for the retirement of $100,000
Mutkogee City Bridge Co. bonds an additional amount of $120,000,
making a total amount of $3,000,000. The bonds are guaranteed,
prlnolpal and Interest, by St. Louis & San Franolsoo RR Co. The
mortgage Is now a olosed one and no additional bonds will be Issued
under it.
We are operating the Ozark & Cherokee Central as a part of the
"Frlsoo" system, it being an Important addition thereto both as part
of a through line and tor the valuable looal trafllowhloh it will contribute to the system. The road is standard gauge, well constructed,
and in good operating oondltlon.
FORM OF GUARANTY.
For value received, 8t. Louis <fe San Franolsoo RR. Co., the owner of
the within bond, in order to negotiate and sell the same to the best advantage, does hereby guarantee^ the holder of said bond prompt payment of the prlnoipal and Interest thereof, as and when the same shall
beoome aue and payable.
In witness whereof St. Louis & St. Franolsoo RR. Co. has caused this
guaranty to be exeouted by its President or Vice-President and Its
corporate seal to be hereunto affixed and attested by its Seoretary or
Assistant Seoretary as of the 1st day of Ootober. 1903.
St. Louis & San Francisco RR. Co.
.Vice-President.
Attest:
Seoretary.
78, p. 703.
,
-V.
Pennsylvania RR. Retrenchment.— la common with
other leading trunk lines, the Pennsylvania system is reducing
materially the number of its employees in all departments, A
Vice-President is quoted as saying:
Frcm preeent indications it looks as if freight tonnage this year will
be no greater than In 1902. At the same time the Pennsylvania RR.
management is not pessimistic. A turn for the better may oome at
any time. Under the olroumstanoes the company will reduce the
number of its emp'.oyees as nearly as possible to the 1902 basis. We
realize that there are too many men on the payroll. In laying off men
the Pennsylvania is simply following oiher railroads. The new York
Central began a month ago and the Western lines at Chicago have
been laying eff men right and left. There has been no out in wages
and none is contemplated. We want to avoid that. Supplies are
high, and with wages where they are, oost of operation continues high.
The number of employees of the leading divisions of the
Pennsylvania system on June 30, 1903, 1902 and 1901, and the
total amount distributed in wages for the two years ending
June 30, in 1903 and 1902, are given in the reports to the
State of Pennsylvania as follows:
Numbtr employees.-^
1903.
Totals of above
On Nov.
161,652
Wagts
1902.
1901.
78,697
8.180
72,193
7,767
6.839
18,484
14,867
1902-08.
$5H,246,96l
6,471,648
8,951,600
15,406 870
12.372,686
paid.
1801-02.
$17,341,876
4,483,478
3.259,108
12,028,10«
10.500,978
131,664 119,140
{96.449,415
$77,613,845
,
Pennsylvania RR
88,847
Philadelphia B. & W. BR
9,087
6,480
Northern Central Ry
Pennsylvania Company
26,783
Ptttsb. Clnn. Chicago & St. L. 20,475
6.744
23,443
18.600
.
,
voluntary increase of 10 p. c. in wages
was granted by the Pennsylvania RR. Co.
Guaranteed Stock.—See Pittsburgh Fort Wayne & Chicago Ry. below.
New Stock.— The final instalment of 25 p. c. ($15 per share)
is
1,
1902, a
due between June 15 and 25, 1904, inclusive, on subscripmade for new stock.— V. 78, p. 1962, 1782.
tions
Philadelphia Freight Tunnel Co. Proposed New EnterFormal notice is given that on June 16 application
made to the Governor of Pennsylvania by ex-Senator
William Flinn of Pittsburgh, John S. Weller of Pittsburgh,
private counsel to Mr. Flinn, and J. Clayton Erb, and William Gallagher of Philadelphia, for the incorporation of the
Philadelphia Freight Tunnel Co., to construct a tunnel or
subway railway under a large number of streets in the city
of Philadelphia, including, it is said, every important thoroughfare from Richmond to Federal Street and between the
Delaware and Schuylkill rivers.
The tunnel, it is stated,
will be six feet wide by eight feet high, accommodating
motor cars of fifteen to twenty tons capacity, which are to
oe operated by electricity for the purpose of carrying freight
between the principal stores, warehouses, depots, boat landings, etc., in a manner similar to that adopted by the Illinois
Tunnel Co, of Chicago. (Compare V. 78, p. H97, 820). J.
C. Splane, President of the Pittsburgh & Allegheny Telephone Co. and R. C. Hall, the Pittsburgh broker, who is one
of the leading stockholders in that company, are stated to be
identified with the new undertaking, which will probably,
therefore, also have telephone interests.
—
prise.
will be
Philadelphia Rapid Transit Co.— See Philadelphia Freight
Tunnel Co. above.— V. 78, p. 103.
Pittsburgh Fort Wayne & Chicago Ry.— New Stock.— The
Stock Exchange has been requested to list $4,959,200 additional guaranteed special stock sold to reimburse
the Pennsylvania RR. for money spent in improvements,
etc., making the t jtal amount of said stock on the list $31,-
New York
002,900.— V. 76, p. 1408,
Reading Company.— Cut-Off.— See
Railroad i bove.-V. 78,
New York
Short Line
p. 1908, 1498.
St. Louis & San Francisco RR.— Offering of Guaranteed
Bonds. —See Ozark & Cherokee Central Ry. above.
Loan.— Negotiations are pending with a syndicate headed
by Blair & Co. for the sale of about $3,500,000 of short-term
notes.
Tne details reported in the daily papers on Wednesday are said to bd incorrect. It is understood, howtver
that a block of the notes and guaranteed bonds described in
the refunding plan in V. 78, p. 1908, will be given as collat-
—
THE CHRONICLE.
2336
J. A. Blair has retired from the board in favor of
President Davidson, in order that his firm may be free to
close the purchase. The directors yesterday anthorized the
sale of the $1,000,COO refunding bonds of 1901.
Decision.— See New Orleans Terminal Co. above.
Consolidation,— See St. Louis San Francisco <fc Texas Ry.
eral.
below.— V.
St.
78, p. 1908, 1448.
Louis San Francisco
& Texas Ry.— Consolidation.—
&
San
of this subsidiary of the St. Louis
Francisco voted on May 20 to increase the capital stock from
1200,000 to 1^,000,000 and to pnrobase the lines of the Red
River Texas & Southern Ry Co., running from Sherman to
Texas Rv. Red R'ver to
Fort Worth; the Blackwtdl Enid
Texas, Red River to Qaanah.
Vernon; the Oklahoma City
Great Northern, it is stated,
The purchase of the Paris
was not acted upoD, nor waa the consolidation of the Fort
The shareholders
&
&
Worth
&
Rio Grande.
&
Compare V.
[Vol. l xxviii.
Wheeling & Lake Erie RR.— Bonds.— See Lake Erie
Youngstown & Southern Ry. above.— V. 78, p. 1784.
Wisconsin Central Ry.— End of Voting Trust.— The voting
on and after July 1, 1904, oommon
certificates will be delivered upon
surrender of the voting trust certificates duly endorsed in
blank by the registered holders. Holders of the voting trust
certificates are requested to present them on and after June
15 at the office of Maitland, Coppell
Co., 52 William St.—
V. 77, p. 1221, 1235.
trustees give notice that
and preferred stock trust
&
INDUSTRIAL. GAS
AND MISCELLANEOUS.
Amalgamated Copper Co.— Possible Purchase.— See Montana Coal
&
Coke Co. below.
(Compare V.
71, p.
137.)— V.
78, p. 2013, 822.
76, p. 159, 752.
American Light & Traction Co.— See Southern Light &
Salt Lake Southern (Electric) Ry.— Neio Enterprise.—
Traction
has
Delaware,
Co. under "Railroads" above.— V\ 78, p. 1448.
laws
of
under
the
incorporated
This company,
filed amended articles of incorporation increasing its capital
Aztec Land & Cattle Co.— Reduction of Capital Stock.—
stock from $500,000 to $2,000,000, and has made a mortgage A majority of the directors, namely B. P. Cbeney, Henry
to the Knickerbocker Trust Co. as trustee, to secure an issue D-xter, D. L. Gallup, Albert Strauss, Robt. M. Murray and
of 12,000.000 first mortgage 5 p. o. gold bonds. These bonds Theodore Seligman, have called a special meeting of the
are dated Feb. 1, 1904, and are due Feb. 1, 1989, but are sub- stockholders, to be held at the office. No. 15 Broad St., New
ject to call if drawn by lot to any amount on any interest York, on June 9, for the purpose of voting upon a proposition
day at option of company on and after Feb. 1, 1909. at 105; to reduce the capital stock from $968,100 (par value of shares
denomination, $1,000; interest payable Feb. 1 and Aug. 1. $100 each) to $96,810, in shares of $10 each, and to authorize
On Feb. 1, 1908, and yearly thereafter, the company is re- the directors to return such amount of the capital over and
quired to pay the trustee as a sinking fund for the bonds an above the amount of such reduced capital to the stockholders
amount equal to 2 p. c. of the principal thereof. The com- pro rata and at such times and in such manner as the directpany is authorized to construct street railways in the city ors shall determine.— V. 48, p. 462.
and county of Salt Lake, and, it is said, contemplates the im
American Car & Foundry Co.— Classification of Directors.
mediate construction of 85 miles of track. President, Chae. L. —The shareholders will vote June 28 upon a proposition to
Furey; Sec'y, L. W. Pitcher; Looal Manager, A. V. Daylor. classify the board of directors. The annual meeting will be
Sou tli Side Elevated RR.— Bonds.— In view of the diffi- held on June 80.— V. 78, p. 1393, 230.
culty of placing at this time the $7,226,700 new stock authorThe Detroit
Bransford Transit Co.— Bonds Offered.
ized by tbe shareholders on April 7, the management con
Trust Co., the mortgage trustee, is offering at par and intertemplate the making of a first mortgage to secure $10,000,000 est
$130,000 steel steamship Edwin F. Holmes first mortgage
of 4J4 P- c 20-year bonds, of which a part would be reserved
5 p c. gold bonds of $1,000 eaoh, dated April 1, 1904, and due
for future requirements.— V. 78, p. 1393, 584, 582.
$13,000 yearly on Jan. 1, 1905-1914, both inclusive; interest
Southern Light & Traction Co.— Reduction of Stock.— The payable Jaly 1 and Jan. 1 (first coupon for three months).
shareholders voted on June 2 to reduce the capital stock Steamship Length, 440feet; gross tons registered, 4,787 tons;
from $2,500,000, par of shares $100. to $2,500, par of shares 10 carrying capacity, 6,800 tons; cost, $280,000. Capital stook
cents. Tbe entire stock is owned by the American Light
paid in, $150,000. E. F. Holmes, President, Cleveland, Ohio;
Traction Co.—V. 78, p. 2013.
W. A. Hawgood, Secretary and Treasurer. (Right to call
Tennessee Central RR. End of Receivership.—The com- bonds for payment same as in case of Wisconsin Transit Co.
pany's floating debt of about $750,000 having been provided below.)
for, Chancellor H. M. Kyle at Knoxville, Tenn,, on June 2
Butte (Mont.) Water Co.—New Trustee.—The Mercantile
signed an order dismissing the receiver. Early in May an Trust Co. of Boston has been appointed trustee under the
issue of about $400,000 receiver's certificates was authorized, company's mortgage of July 1, 1901, succeeding the Massabut under the readjustment plan it was hoped to avoid issu- chusetts Trust Co. (formerly the Massachusetts Loan
ing them.— V. 78, p. 1783, 1393.
Trust Co.), resigned. The mortgage secures not to exceed
Terre Haute & Indianapolis RR.— Favorable Decision.
$2,500,000 of 20-year 1st mortgage 5 p. c. gold bonds; interAt Washington, D. C, on May 81, the Supreme Court of the est payable in January and July. The oompany was sucUnited States, unanimously reversing the decision of the cessor of the Butte City Water Co. per plan in V. 70, p.
Supreme Court of Indiana, held that the State of Indiana is 1251.-V. 74, p. 97.
not entitled to recover $918,905, or any other sum, from the
Cincinnati (O.) Gas & Electric Co.— Report.— According
company under the charter surrendered in 1873. Compare to the "Cincinnati Times-Star" the report presented by PresV. 75, p. 1204, 1303. -V. 77, p. 2281.
ident Kenan at the annual meeting on May 3 showed:
Third Avenue RR., New York.— See Metropolitan Street
The net earnings for the fiscal year 1903-04 were $1,397,000, contrasting with $1,218,000 for 1902-03. After the payment of interest,
Ry. above.—V. 74, p. 528.
p. o. In dividends, etc.. "the surplus" was $43,000 [compare chronToronto Hamilton & Buffalo Ry.— Authorized.— The 4icle
of April 30, page 1551]. Gas delivered during year, 1,578,000,shareholders voted on May 31 to issue $1,000,000 new securi- 000 cubio feet; capacity of present plant 2,300,000,000 oubio feet.
ties, as provided in V. 78, p. 1963.
The earnings in April, 1904, it is said, were $17,000 greater
United Railways 8c Electric Co., Baltimore.— Interest than in April, 1903.
Payment on Income Bonds Postponed. The executive comNew Director.— W. S. Rowe, President of the First Namittee decided on Saturday last to recommend the defer- tional Bank of Cincinnati, has been elected a director to
ment of the semi-annual interest payment due June 1 on the succeed the late Andrew Hickenlooper. V. 78, p. 1551, 281.
$14,000,000 of 4 p. c. cumulative income bonds. The comCommonwealth Tobacco Co., Lynchburg, Va.— Purchase
pany's available funds were diminished by the extraordinary
of the Universal Tobatco Co.— Under the agreement of
repairs made necessary by the great fire of Feb. 7-8 and by
Jan. 25, 1904, between Edwin H. McAlpiu and others and
the temporary shrinkage in receipts resulting from that catWilliam H. and George P. Butler, the Commonwealth Toastrophe, so that a distribution was not thought warranted
bacco Co. has acquired, and is now the holder and owner of,
at this time.
all outstanding bonds of the Universal Tobacco Co. and of
New Capital.— Hambleton & Co. say in substance:
nearly all the oapltal stock of that company, both common
—
-
—
&
&
—
,
—
—
Like all progression corporations, the company needs additional
capital for extensions, betterments and Improvements. It also needs
additional rolling Hook, the equipment being Inadequate to the carrying demand. The treasury assets have been used tor construction, reconstruction and equipment. The company, because of the depression
In securities, was not able to sell Its $2,000,000 Sparrow's Point bonds
—except at a price whloh would not be Justified— and hence It was
found desirable to make a temporary loan on the same while waiting
for a better market for these bonds.
It seems to as that tbe company has reaohed a point where It Is
either necessary to raise a limited amount of new oapltal or else t >
use for Improvements the earnings which otherwise would be more
than sufflolent to pay the interest on the lnoome bonda. The raising
of new oapltal every dollar of whloh, under the very able management, would be spent wisely— would assure the payment of the Interest on the Income bonds and point to dividends on the stock. Further,
anew loan under existing conditions -net earnings being $750,000
overtaxed charges— would not depress the orloes of Incomes and stock;
on the contrary, tbey should advance. What we would suggest Is a
collateral trust stock convertible mortgage. The management should
not make the mistake of making "two bites of a oherry." The com
*nd preferred. After the Universal Tobacco Co. has been
dissolved, the Commonwealth Co. will issue a statement of its
condition to its stockholders. Until June 10 additional stock
of the Universal Tobaoco Co., properly endorsed, will be received at No. 234 East 48d St., New York City, for exchange
on the basis mentioned in circular of March 17, 1904, viz.:
One share ($100) of stock of the Commonwealth Tobacco Co.
for ten shares ($1,000) of the preferred stock of the Universal
Tobacco Co., and one share ($100) of stock of the Commonwealth Tobacoo Co. for fifty ($5,000) voting trust certificates
of the common stock of the Universal Tobacco Co. The Com-
monwealth Tobacco Co. was incorporated on April 9, 1902,
under the laws of New Jersey, and its capital stock in March
last was $900,000, all of one class; "no mortgage, but debenture bonds to the amount of $600,000 have been authorized."
The Universal Tobacco Co. was Incorporated in 1901 ( V. 73,
pany In the next ten years oould spend to advantage $5,000.00
An p.448.) with $10,000,000 ofjauthorized capital stock, of which
equipment mortgage for a few thousand dollars would only make
Last
$3,000,000 was to be 6 p. c. non-cumulative preferred.
further flnanolng necessary— Compare V. 78, p. 816, 1388.
Proposed Company. - See Maryland Electric Ry. above.— July a mortgage was made securing $1,000,000 bonds, of
which $600,000 were turned over to the Messrs. Butler. See
V. 78, p. 1888, 816.
United Traction Company, Albany,— New Mortgage.— The list of plants, etc., in V. 77, p. 150; V. 78, p. 847.
company has filed its new mortgage for $6,500,00u with tbe
Consolidated Gas Co., New York.— Authorized. —The shareCentral Trust Co. of New York as trustee. Compare V. 78, holders at the special meeting on Thursday unanimously ratip. 704.— V. 78, p. 1398, 989.
fied the proposition of the directors to increase the capital
>.
:
June
4.
——
.
THE CHRONICLE.
1904.]
stock from |80,0&0,000 to $100,000,000 in connection with issuing $20,000,000 debenture 6 p. c. bonds, convertible into
stock after three years, per plan in V. 73, p. 1964, 2014.
President Gawtry said in part
The yearly Increase In the business has been bo great in the past tew
years that it became neoessary to take steps to provide for the demands which in the Immediate future are certain to be made npon the
company. The trustees, finding that it will be lmpraotioable to manufacture enough «as to serve the oompany's patrons in Manhattan, acquired about 350 acres of land at Astoria, where a large plant is betnir
built, whloh when completed will have a oapaolty of 150,000,000 oubio
feet of <ras per day.
The New York Edison Co., whioh is controlled by the Consolidated
Gas Co., has just about completed a large power house at 38th and
39th streets and the East River and is now produolng up to its oait will be necessary to lnorease facilities so as to enarge the output of electrlolty. We shall also have to spend considerable money for extensions of mains and other betterments.— V. 78, p.
2014. 1964
fmclty, so that
Consolidated Lake Superior Co.— Reorganization Completed.— See Lake Superior Co. below.— V. 78, p. 1964, 1909.
Creamery Products Co.— State.
—At
the Real Estate Auc-
&
Son
tion Rooms in this city on May 19, Adrian H. Muller
sold at auotion by order of the Guaranty Trust Co., trustee
under the mortgage of June 27, 1902, the following securities
and other property for $35,000 for the lot:
Century Milk Co., N. J., entire capital stock, $ 175,000 common and
$59,000 preferred.
Oanajoharle Creamery Co., N. Y., entire oapital stock, 117,3731 1
Balnbrldge Creamery Co., $125,000 oapital stock (all) and $125,000
of 20 year 6 p. o. debenture bonds (entire issue).
Promissory note of E. C. Smith, due Feb. 1, 1905, for $35,000, trade
name "Thorndale Stock Farm," 18 milk wagons, etc.
Dominion Coal Co., Limited.— Called Bonds.— The New
England Trust Co. of Boston will pay at 110 and interest
$95,000 6 per cent first mortgage bonds due March 1, 1918,
drawn for payment, interest thereon having oeased Jane 1.—
V.
78, p. 1117. 1112.
Dominion Iron & Steel Co.— Operations.— The new rod
mill was put in operation April 29 to one-half of its guaranteed capacity of 200 tons a day. The new rail mill, the capacity of whioh will be 500 tons per shift, will probably be in
operation by Jan. 1, 1905. Oa Wednesday the employees
struck for the restoration of last year's wage schedule, causing a shutdown of practically the entire works.
Director Forget says:
This strike is the best possible thing for the company. We have been
running along not making a dollar, the plant being operated clearly
in the interests of the men and with the hope that the Dominion Government would see
to give us the benefit of a protective tariff. As
simply close down the manufacturing plant indefinitely and proceed with the work of building up the different mills
now under construction.— V. 78, p. 1394, 105.
It
now
stande,
we
—
fit
will
2337
Laclede tfaa Light Co.,
Period.— Dividends on the
St.
Louis.— Change in Dividend
common
stock will hereafter be
dividend of one
paid quarterly instead of semi-annually.
per cent has been declared, payable June 15, 1904. to stockholders of record June 10, 1904.— V. 78, p. 1501, 1895.
Lake Superior Corporation. In Possession,.—The transfer to this new company of the securities owned by the old
Consolidated Lake Superior Co., per plan in V. 78, p. 1784,
1909,!and V. 77, p. 1296, was completed on Saturday, May 28.
The transaction involved the payment by Blair & Co. of
$2,000,000 for the guaranteed notes of the Canadian ImCo. of $2,583,000,
provement Co., the payment to Speyer
representing the cash balance due on the $5,050,000 loan of
Co. to the
the old company, and the transfer by Speyer
Morton Trust Co. of the collateral held as security for said
loan. Compare V. 77, p. 771. It is expected that the new
company will have the steel rail plant in operation at an
early day. The $2,000,000 notes of the Canadian Improvement Co. bear 5 p. o. interest, payable Nov. 1 and May 1, and
are due May 1, 1906.—V. 78, p. 1964.
Lone Star & Crescent Oil Co.— Sate.—This company's
property was sold at judicial sale in Galveston on June 1 for
$100,000 to Judge John Clegg of New Orleans, representing
J. N. Pngh of Pittsburgh, President of the Sun (Oil) Co.
Co. for
One block only was Did in by Isidore Newman
A
&
&
&
$1,500.— V. 78, p. 1501.
Louisville Gtas Co.— Right to Guarantee Bonds.—Judge
Samuel B. Kirby, at Louisville on May 25, held that the company has the right under its charter to guarantee the payment of principal and interest of $770,000 bonds of the Louisville Lighting Co., which it has contraoted to sell to four
financial institutions of Louisville. The contract price for
these bonds ia reported as 102, whereas 93 is said to have
been offered for them without the guarantee. The Gas
Company received $1,600,000 of these bonds for its controlling
An appeal, it
interest in the Louisville Electric Light Co.
is stated, will be taken from the decision in order that the
matter may be finally adjudicated before the Appellate Court
before the summer recess.— V. 78, p. 345, 106.
Louisville Lighting Co.— See Louisville Gas Co. above.
V. 77, p. 92.
Mexican International Improvement Co. of the City of
Mexico.— Called Bonds. This company has called for redemption on July 1 $60,000 of its bonds, $30,000 being of the
par value of $500, and the remainder par value $100. The
company's office is located in the City of Mexico. E. Berthier
—
is
Secretary.
Midland Portland Cement Co., Bedford, Ind. —No ReReorganization.— Judge Leathers of the Superior
ceiver—
Federal Mining & Smelting Co.— Dividends on Common
Indianapolis on May 27 denied the motion of a
Court
at
Stock.— In addition to the usual quarterly dividend of 1%
stockholder
to appoint a receiver for the company, although
per cent on the $10,500,000 preferred stock, the company has
declared a first quarterly dividend of \% per cent on its its liabilities ($300,000) exceed its assets, on the ground that
majority of the shareholders have authorized a sale of the
$5,250,000 common stock. The management contemplates a
property
to a new corporation. The new company will asthe listing of the shares on the New York Stock Exchange
before the end of the year. The office is now at 32 Broad- sume the bonds ($500,000 authorized, see V. 76, p. 755,) and
put up $300,000 or more in cash. The Jan., 1904, coupons on
way, New York.— V. 78, p. 1170.
the bonds were paid. The plant has not yet been operated.— V.
General Asphalt Co.— Application to List. The New 78, p. 1965.
York Stock Exchange has been requested to list $14,000,000
Montana Coal & Coke Co. Probable Sale. — An appraisal
preferred stock voting-trust certificates and $9,999,000 com- is being made with a view to settling on a price for the sale
mon stock voting-trust certificates.— V. 78, p. 1960, 586.
of the property to the Amalgamated Copper Co. under agreeGuggenheim Exploration Co.— Acquisit ion. —The pur- ment of April 30.— V. 71, p. 137.
chase of the Velardena Mining & 8melting Co.'s properties is
Morse Iron Works & Dry Dock Co., Brooklyn.— Sale Postreported by the special correspondent of the "Engineering poned.—The sale of the property at auction has been postand Mining Journal" at Santillo, Mex., as follows:
poned from June 2 to June 16. V. 78, p. 1449.
The deal was olosed on the valuation basis of $10,000,000, the GugNational Steel & Wire Co.— New Officers.— H. E. Huntinggenheim Exploration Co. acquiring 60 p. o. interest in all the comton
wis recently elected a member^of the Executive Company's holdings, paying $5,000,000 in oash and guaranteeing to expend $ l ,000,000 more in improvements and developments. The other mittee, and C. E. Graham, representing the Huntington and
40 p e. is to be held by the Velardena Company, in whloh E. W. Nash, Mills interests, was elected Treasurer. V. 78, p. 1171, 1113.
president of the American Smelting & Refining Co., Matthew DahlNew Eogland (Bell) Telephone & Telegraph Co.— New
gren Ctiarles Wllhelm, and the estate of James K. Matthews, are
stockholders. The mining claims comprise about 2,500 pertenenciat Stock.— Shareholders of record June 18 will be entitled to
—
—
—
and cover a total area of more than 6,000 acres. The most; prominent
of the group of mines are the Terneres and Santa Maria, yielding ores
of silver, lead and gold, and the Copper Queen, a stiver and copper
produoer. The railroad whioh oonneots Velardena with the railway
station on the Mexloan International RR has been extended to
the latter mine, a distance of 24 km. The company has been operating these mines since 1889 very successfully.
Mr. Guggenheim tells us the purchase price is not correctly given in the above report, but declined to give the
facts, the deal being of a private nature.— V. 78, p, 1170.
International Mercantile Marine.— Rate Disturbance.—
On May 21 the German, French, Belgian and Datch steamship companies reduced their steerage rates to $10, following
a reduction by the Cunard Line from Liverpool and London
to A.merica. On May 30 the International Mercantile Marine
Co. put the same $10 rate in force from Southampton via the
American Line, as previously via Boulogne on its Red Star
Line. At last accounts the Cunard Company and the other
Liverpool lines had not adopted the $10 tickets, which, it
is stated, represent a cut of over 50 p.
V. 78, p. 1909, 1395.
International Paper Co.— Called Bonds.— Twenty-four
($24,000) first mortgage 6 p. c. gold bonds, issued in 1896 by
c—
the Oiis Falls Palp Co., were called for payment early in
May and were redeemable on May 16 at the Old Colony Trust
Co., Boston, at 105 and Interest.— V. 78, p. 823.
Kings County Lighting Co., Brooklyn, N. T.— Capital
This company, referred to in last week's Chronicle,
Stock.
is
—
authorized to issue $3,000,000 of capital stock.— V. 78,
2014.
subscribe at par for 30,881 shares ($3,088,100) of new stock
on the basis of one share of new stock for every seven shares
neld.
The right to subscribe will expire at the close of business July 16. Payment for the full shares equal to one-half
of the shares so subscribed for must be made to the Treasurer
Aug. 16, 1904, and for the remainder on Feb. 16, 1905. This
Issue will increase the outstanding share capital from $21,616,700 to 24,704,800.— V. 78, p. 1785.
New Jersey Steel Co., Rah way, N. J.— Status.—This company, which was incorporated under the laws of New Jersey in November last with $1,250,000 capital stock (all of one
class and all outstanding; par of shares, $100), succeeded to
the property, good- will, etc., of the Uniform Steel Co., with
plant at Rah way, N. J. A mortgage made to the Eastern
Trust Co., as trustee, secures not exceeding $500,000 of 6
These bonds, of which $250,000 have been
p. c. gold bonds.
issued for improvements, are dated Dec. 1, 1903, and are due
Deo. 1, 1923, but are subject to call in any amount on or
after Dec. 1, 1908, at 105; interest payable in June and December; sinking fund, $30,000 per annum after three years.
Of the capital stock $725,000 is owned by the New Jersey
Steel Hoidlng Co., a company incorporated in New Jersey
(simultaneously with the New Jersey Steel Co.] with $725.000 of authorized capital stock; office, 5 Nassau St,, N. Y.
Tne officers and directors of the New Jersey Steel Co. are:
Charles E. FInlay. New York, President of the oompany; Clement A.
GrlBCom Jr New York, General Manager American Ltne and Red
Star Line; James M. Thomas, New Yorfc. Vice-President ^Btna Indem.
nlty Co. of Hartford; A. W. McArthur, Rahway, N. J., formerly Man,
p.
THE CHRONICLE.
2338
Vol. lxxviii.
Y
>rk,
ager General Electric Co., Lynn., Mass.; George A.. Beaton, New
President American Finanoe & Securities Co.; William Howard, Rahway, N. J., President Rah way National Bank; A. E. Williamson, New
York, Seoretary of the company. New York orfloe, 11 Broadway.
New
Jergey Steel Holding Co.— Sae
Naw
Jersey Steel Co.
COMMERCIAL EPITOME.
above.
Qaeen City Telephone Co., Cincinnati, Ohio.— Right to
Build.— The Probate Court of Cincinnati on May 27 granted
the company the right to construct an independent telephone
system in that city on certain terms. (See " Cincinnati Inquirer" of Miy 29) Of the company's 10,000 shares of capital
stock, par value |100 each, 5,030 were subscribed for by
George W. Beers of Fort Wayne, Ind., the Treasurer of the
company, and 4,997 shares were taken by Henry D. Gates of
Indianapolip, its Secretary. The President is Max Silber.
fcerg.-V. 77,
p. 2103.
Standard Chain Co.— Reduction of Stock,— A. new plan
has been presented to the stockholders of this company looking to the redaction of its capital stock, but it has not yet
been voted upon— V. 78, p. 992.
United Copper Co. of Montana.— Annual Report— The
report for the year ended June 1,1904, as presented at the
annual meeting on Thursday, showed
Deduct—
Interest and dividends on —
:
$6,250
$60,000 Taxes. New Jersey
14,040
150,000 General expense
767,910 Pref. stock dlvs. (6 p. a). 300,000
67,664
Total deductions
$320,290
$725,284
$1,045,574 Bal., surplus for year
Mon Ore Parch. Co. bonds
Friday Night, June
Total income
—V. 78, p. 50.
United States Rubber Co.— Competition.— The Boston
"News Bureau" has compiled the following table to show
the manufacturing capacity of all the plants of the United
States Rubber Co., as well as the independent companies, on
the same relative basis for all kinds of goods manufactured,
Pair 8
Pairs
per day.
per day.
Independent Cos.—
Rubber Go.—
35,000
Boston Rub. S Edgeworth. 27,000 Hood Rubber Co
20,000
Shoe Co. I Melrose
20,000 Mlshawaka Rubber Co
Woonsocket 5 Alice
18,000 Atlantic Rubber Shoe Co.
8,000
RubberCo. {Mllvllle
18,000 Apsley Rubber Oo
7,000
Amerlosn Rubber Co
14,000 Beacon Palls Rubber Co..
8,000
21,000 Banner Rub. Co., St.Louls. 5,000
Candee Rubber Co
Goodyear Rub. Glove Co. 21,000 Grand Rapids Rubber Co. 3,000
17.0C0 Goodyear) Mlddletown...
Wales-Goodyear Co
5,000
Meyer Rubber Co
16,000
Rub.Co. s Lambertvllle.. 4,000
Lyoomlng Rubber Co
7,000 Bourne Rubber Co
3,000
National Rubber Co
7,000
Jos. Banigan Rubber Co..
8,000
V.
S.
. .
the cotton crop.
i
June
Stoekt of Merchandise.
LiMd
tos.
hhds.
Ooffee, Brazil...... ........bags
bags
Ooffee, other.
robacoo, domestic
Doffee,
mats
Java, <ko...
hhds.
bags, &c.
hhds.
No.
Sugar.............
Sugar
Molasses, foreign
Hides
Ootton...
Rosin
bales.
Spirits turpentine......
—
Tar..
bbls,
bbls
bbls
..bags
bbls
Sice, E. I
Sloe, domestic
Linseed.... ........ .......bags.
bags
Saltpetre
Manila hemp.... .........bales
bales
Sisal hemp
bales.
late butts
bbls. and sacks
Floor
May
1,5
1,
1904.
1904.
8,391
1,400
2,377,296
6,900
1,750
2,365,779
399,109
116,694
None.
446,187
127,509
jNone.
259,065
425
16,200
67,600
32,763
231,140
500
5,000
96,559
11,475
225
1,845
4,700
21,000
None.
1,410
17,240
None.
None.
192,000
1,103
2,370
3,100
19,000
None.
793
12.319
1,544
None.
153,100
Total independent
98,000
Estimated Increase in dally oapaoity of leading outside companies
during the past few year*: Hood Rubber Co., 10,000 palrc; Mieha
waka Co., 6,000 pairs; Apsley Rubber Co., 2,000; Atlantio Rubber
Shoe Co. (new), 8.000; total, 20,000 pairs.
The annual report of the United States Rubber Co. stated
that 49,000,000 pairs of rubber boots and shoes were manufactured by the company last year, which is thought to indicate a daily product of 160,000 pairs.
Success of Profit-Sharing Plan. A director, referring to
the plan published in fuil in the Chronicle of May 21, pages
—
1967-1969, says:
The action of the direotors in allowing the employees to subsorlbe for
new stock has met with a hearty response, Signed agreements providing for the transfer of the stook were forwarded last week, and
every employee entitled under the terms of the offer to participate in
the plan has signified his or her acceptance. The plan has been an unqualified success.— V. 78, p. 1970, 1967.
United States Steel Co., Everett, Mass.— Sale.— At the
foreclosure sale on May 28 the property was bid in for $50,000 by the International Trust Co., the trustee under the
$150,000 mortgage. The sale was made subject to the taxes
for 1908 and 1904. The plant hag not been in operation for
some weeks.—V. 78, p. 296.
Universal Tobacco Co.— Dissolution—The shareholders
will vote Jane 22 on a proposition to dissolve the corporation, which has been succeeded by the Commonwealth Tobacco Co., which see above. V. 78, p. 847.
Wheeling Stamping Co.— Called Bonds.— Interest will
cease June 14 on twenty-three bonds of 1897 called for payment at the National Exchange Bank of Wheeling, W. Va.
Howard Haz'ett is the mortgage trustee.— V. 77, p. 2896.
Wisconsin Transit Co.— Bond* Offered.— The D.t'oit Trust
Co., the mortgage trustee, is offering at par and interest
$125,000 steel steamship Uuabria first mortgage 5 p. c. gold
—
June
1,
1903.
Lard on the spot has been in increased supply
offered and prices have declined. The
Companies eliminated: Watkinson Rubber Co., Model Rubber Co., steadier at 6 -800. for prime Western and 6 -25c.
Byfleld Rubber Co., Mllltown Rubber Co., Terence MoCarty, Concord
Refined lard has been quiet and easier,
City.
Rubber Co.; total dally capacity, 27,000 pairs.
Total U. 8. Rubber Co. 194,000
1904.
8,
A spiritless condition of business has continued in
most lines of merchandise. As a general rule buyers have
been reported as showing indifference to offerings of most
staples, and in making purchases have shown a disposition to
pursue a hand-to mouth policy. Prices accordingly have
become ragged, although in many instances first hands are
understood to be carrying comparatively light stocks, and
this serves to keep values from yielding to any considerable
extent. Climatic conditions have been less favorable the
past week for a free distribution, through the retail trade, of
seasonable goods, and this had a tendency to check business
activity in specialties. Excessive moisture has been complained of in the southwestern section of the country, retarding the planting of late corn and causing apprehension
Information from the
of damage to the winter- wheat crop.
Southern States has indicated more favorable conditions for
Nipper C. O. Co. bonds..
Mon. Ore Parch, stock..
Deposlts.eto
©mmujerrial %imts.
3Jiuc
8,337
11,000
2,066,572
207,354
124,778
7,865
487,264
None.
20,400
173,933
10,819
766
2,472
3,200
18,500
None.
1,430
3,800
4,615
None.
57,400
and more
close was
for prime
closing at
Speculation in lard for
freely
690c. for refined for the Continent.
future delivery has been moderately active. Daring the latter part of the week, prompted by an increase in stocks,
packers became fairly free sellers, and prices declined. The
close
was
steadier.
DJJLT OLOSIMO FRIOBB 0» LAED FUTURES IN CHICAGO.
Hon.
Sat-
July del'v
6-57Jfl
Sept. del'y
6-67 *
Tutt.
Holi-
6-60
day.
6-77i«
1
Wed
Thun.
6*52i«
6-40
6-55
6-70
m.
647%
6-65
Pork has had only a limited sale, closing with mess at
$13 00@ 18 50. Cut meats have been in fair demand at steady
prices. Tallow has been steady, closing at 4 1 ^43^c. Cottonseed oil has been unchanged at 28^@29c. tor prime yellow.
Butter, cheese and eggs have held steady.
Brazil grades of coffee have been quiet. Some importers
have offered supplies of the lower grades more freely and
with only a limited demand prices have weakened, closing at
6%o. for Rio, No. 7, and 7>£@7%c. for Smtos, No. 4. West
India growths have been quiet but steady at 9c. for good
Cucuta. East India growths have been unchanged. Speculation in the market for contracts has been quiet and only
slieht changes have occurred in prices.
Fjllowing are the closing asked prices
:
June
550c.
July
5-60o.
5-70o.
Aug
I
Sept
Oct
I
Nov
~~...~
5-85o.
5 95o.
6 00c.
Dec
March
May
6-10c.
6-40o.
6 60e.
Raw
ers,
sugars have been quiet, refiners holding back as buybut the close was steadier at 8 15-16c, for centrifugals,
and interest and a bonus at rate of 1 p. o. of par value for eaoh year,
or fraction thereof that thebonds have to ran, from the time suoh redemption is made until the maturity thereof, provided that the bonus
shall in no event be less than 2 p. o. of the par value.— V. 77, p. 2392.
Re96 deg. test, and 3 7-16o. for muscovado, 89-deg. test.
fined sugar has been unchanged snd steady a*; 4-850. for
granulated. Teas have been quiet.
Kentucky tobacco has been in moderate demand, exporters
being the principal buyers in the local market; prices have
been firm. Business in the market for seed-leaf tobacco has
been dull, the few sales made being limited to small quantiSumatra tobacco has oontinued to meet with a fairly
ties.
Havana tobacoo has been dull.
full sale at firm prices.
Prices for Straits tin have declined, following weaker
European advices, but the close was steady at 27'12J^@
Ingot copper has continued to sag and the close
27 37^c.
for electrolytic.
was flat at 12^@ 18c. for Lake and 12
Lead has been easier, prices being lowered to 4'25@4'85c.
Spelter has declined to 4 75@4 80c. Pig iron has been dull at
$14 25@14 75 for No. 2 Northern and $18 00@13 25 for No. 2
—Paul M. Mowrey. who for the last three years has been
oonnected with the Merchants' Trust Company as adviser on
industrial investm Q ntp, has assumed the office of Vice President of the Engineering Company of America, 74 Broadway.
Business cards of the principal firms dealing in cotton
will be found on pages zvii, iviii, xiz and xx of this issue.
Southern.
Refined petroleum has been easv, closing at 8'15c. in bbls.,
Naphtha has been un10-85c. in cases and 5 "25c. in bulk.
changed at 12*40o. Credit balances have been barely steady,
closing at $1 62. Spirits turpentine has been quiet and unchanged at 57@57^c. Rosins have not changed from $3 05
for common and good strained, closing quiet. Wool has
been firm but quiet. Hops have been dull and unchanged.
bonds of $1,000 each, dated April 1, 1904, payable $12,000 or
$13,000 annually from Apr. 1, 1905, to Apr. 1, 1914, both inclusive; interest payable O^t. 1 and Apr. 1 at office of trusSteamship— Length, 440 feet; gross tons registered, 4,tee.
856 tons; carrying capacity, 6,800 tons; cost, $280,OCO. Capital stock paid in, $155,000.
President, H. A. Hawgood.
The bonds are redeemable at option of steamship oompany at par
—
#
^©12%
—
.
. .
.
June
..
THE CHRONICLE.
1904.
4,
COT T #
N
,
Friday Night, Jane 3, 1904.
as indicated by our telegrams
is given below. For the week ending
The Movement of the Crop
from the South to-night,
evening the total receipts have reached
this
at—
Mon.
Sat.
701
Kew Orleans.
297
2
1,428
691
287
.
Thurs.
Iri.
Total.
|
Galveston
Pt. Arthur, &c
Mobile
Wed.
Tuss.
811
470
1,652
1,621
104
4,170
5,622
523
7,533
82
80
Ac
Pensacola,
Savannah..
Brunsw'k, &c
Charleston
Pt. Royal, <fcc.
Wilmington.
Wash'ton.&o.
Norfolk
.
503
193
......
New
York.
......
443
......
......
186
—
3
......
.. «...
3
4
413
799
149
255
2,245
1.097
1,097
......
Boston
......
1
102
50
37
153
579
50
2,276
8.2711
20,445
......
542
Baltimore.
Phlladelp'a,
25
1
3
. .
News, Ac.
2,529
25
.
N'p't
705
250
Ac
50
Tot. this week.
2.037
2,788
7.326
2,747
The following shows the week's total receipts, the total since
Sept. 1, 1908, and the stocks to-night, compared with last year.
1902-03.
1903-04.
Receipts
to
June 3
Galveston...
Ft. Ar., Ac.
New Orleans
Mobile
P*eacola, Ac.
Savannah. .
Br'wlok, Ac
Charleston..
P. Royal, Ac.
Wilmington.
Wash'n, Ac.
This
week.
5,622 2,326,658
523 100,929
7,533 1,939,696
82 195,504
133.624
2,529 1,124,572
120,760
25 153,900
1,281
3
4 321,046
Since Sep.
1, 1902.
This
week.
1904.
153
579
60
15,760
29,758
29,368
13,968
20,445 6,994,666
24,291 7,532,336
Boston
Baltimore.
Phlladel.Ao.
IS
UO
148,917
2,880
71,136
32,236
9,792
2.383
205
420
6,324
417
3,480
2,939
1,325
1,399
1,386
278,763
285,904
1,903
155,113
2.245
1,097
•>
1903.
11,837
2,709 2,082,728
3,808 153,163
14,072 2,241,142
156 210,158
336
466,634
20,872
York...
Totals
Stock.
890 1,289,184
54 130,604
245 209,502
337
90 329,353
387
749 503,466
76
22,611
800
34,759
163
97,084
728
43,752
251
25,993
N'portN.,&o
New
Since Sep.
1, 1903.
256
40
65,444
2,179
1,562
173,137
10,000
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Receipts
at—
1904.
Galves'n, Ac.
1903.
1899.
1900.
6,145
7,583
6,517
14,072
3,463
9,081
22,330
12,359
1,004
6,674
4,253
10,837
82
16
80
141
3,383
4,752
869
913
10
497
782
73
407
97
2,245
1,097
156
890
245
90
749
76
782
1,496
4,128
20,445
24,291
21,433
New
Orleans
Mobile
Savannah...
2,529
28
Chas'ton, Ao.
Wllm'ton, Ao
4
Norfolk
N. News, Ao.
All others...
Tot. this wk.
1901.
1902.
3,985
2,686
7,702
18
6
2,485
571
4,288
15,936
61,138
16,328
48,811
3,711
22
784
The exports
for the week ending this evening reach a total
of 21,666 bales, of which 6,398 were to Great Britain,
to France and 15,270 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1903.
from—
Week Ending June 3,
Exported to—
Qreat
Brit'n.
Galveston
France
4,037
PLArthur, Ac.
New
Orleani..
Pemaoola
Savannah..
Bnui wick ...
Charleston
Port Royal....
Wilmington...
Norfolk.
N 'port
N., Ao..
New York
•••••.
......
••••
1903, to
1,278
8,316
789.789 816,619
......
17,115
750,166 255,428
36,122 15,303
6,139
6,439
159
169
2.268
2,363
60,210
181,037
84.901
......
......
100
8.141
4,467
384
.. ...
619
619
San Fran., Ac.
6.896,
£92
Continent.
1901
Total.
716,581- 1,882.997
78,287
90.3*2
66.299
576,18;:
7,824
13,055
100
3,
13,691
......
1,816
June
695,676 1,598,159
66.807
118,888
66,741
1£9,612
•••••
......
B.fJO
1,
......
321
Total. 1903-03.
Sept.
Qreat
Conti- lotal
France
Week. Britain.
nent.
...•••
Baltimore
Philadelphia.
From
Exported to—
......
.•••
•
1904.
...
812,768
92,125
13,055
.
6,851
834,15^
308,686
2,393
200
8,641
6.137
239,272
99,663
56,059
37,599
87
26,58(
3.619
6,805
166,670
421.3"2
6.085
105,728
91,932
41,044
42,509
36,988
3.476
42.482
Lambert
*
Barrows. Produce Exchange Building,
OH 9HIPBOAHD, NOT OLBABBD FOB—
Ltatinp
June 8 at—
Or sat
GerOther CoastBritain fr'ntt many. For'ffn wise.
New
Orleans.
Galveston.. ..
Charleston
Mobile
Norfolk
11,470
945
5,094 14,562
1,612
16,870
21,666 2,118,249 686,920 2,629,846 5,729,016
42.678
52,664 8.767.473 756.820 2.978.0IU 6.500.797
stoek.
Total.
932
1.363
35,977
3,920
300
300
2^300
1,508
2,300
3.919
..
112.940
800
800
7,917
81,986
2,383
1,322
1,180
64,611
10,836
...
l",508
"800
New York
500
"300
Total 1904..
15,223
5,094 16,474
Total 1903..
Total 1902..
3,693
3,613
Other ports
.
3,919
4,895
45,605
233,158
2,085 3,709 7,315
7.508 14,529 24.561
3,192
5,487
19,994
55,728
265,910
318,668
Speculation in cotton for future delivery has been fairly
but at a sharp drop in prices. Speculative holders of
the near-by deliveries have become discouraged over the outlook and have sold to liquidate their accounts. As there has
been only ecattered buying to absorb the offerings, prices
have steadily yielded. Despite the fact that prices are now
on a much lower basis tban those ruling a few months ago,
the demand from both domestic spinners and exporters for
actual supplies of cotton has continued to drag, and it has
been this absence of demand that has operated against values.
Another important factor that has had a bearish influence
upon the market has been the improving outlook for the new
crop. Reports made by several different interests show
that there has been a considerable increase in the acreage.
Weather conditions the past week, it is understood, have
been quite generally favorable, and the gtnsral average condition of the crop is believed to be better than at this time
last year.
To-day the market opened at an advanoe, on
abroad
saying that the English mills
advices from
were expecting to resume operations on full time, Subsequently, however, under the Chronicle's report showing an
increase in the acreage over last year of 11*62 per cent and a
belief that the Agricultural Bureau report to be issued
Saturday morning will be cf a bearish tenor, prices declined.
Towards the close there was some recovery on shorts covering, and final prices were unchanged to 17 points up for the
day. Cotton on the spot has declined, closing at 12c. for
middling uplands.
The rates on and off middling, as established Nov. 18, 1908,
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows,
mmMm
__....it«™*- 1*80 on Good Middling Tinged ..c.
Even
Middling Fair
.
.. 0-96 en Strict Middling Tinged
006 of
0-62
dtriot Good Middling.
0-12 off
on Middling Tinged
0-44 on Strlot Lew Mid. Tinged... 0-84 off
Good Middling
active,
4trlot Low Middling
Lew Middling..............
0*14 ofl Low Middling Tinged.
0-38 off Strict Good Ord. Tinged...
Strict Good Ordinary ..... 0-72 off Middling Stained
«eod Ordinary.... ........ 1-00 ofl Strlot Low Mid. Stained...
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
0*50 off
0-84 off
0-50 off
1*06 off
1-60 off
On this basis the offioial prices for a few of the grades
week— May 28 to June 3—would be as follows
for
the past
UPLANDS.
Good Ordinary.
Low
W
o
©
Middling..
Middling
Good Middling.
Middling Fair..
ts
ft
s>
GULP.
Sat.
Good Ordinary.
m
M
Middling..
Middling
Good Middling.
Middling Fair..
©
ES
0.
ft
V
|
•<
•
STAINED.
•
Sat.
Low Middling
HoliMiddling
Strict Low Middling Tinged... day.
Good Middling Tinged
Til.
Frl.
11-75 11-40 11-00 11-00
12-37 1202 11-62 1162
12 75 12 40 12 00 1200
13 19 la 84 1244 12 44
13-71 13-36 12-96 1296
Mon Tnei Wed
o
how
Wed
TJon Tn.es
Sat.
Th. Frl.
1200 1165 1125 11-25
1262 12-27 11-87 11 87
1300 1265 12-25 12-25
13-44 13 09 12-69 1289
13-96 13-61
Mon Tnei Wed
13-21 13-21
Tti.
Frl.
11-25 1090 10-50 1050
Holi- 12-25 11-90 11-50 11-50
day. 1211 12 06 1166 11-66
12-75 12-40 12-00 1200
for middling upland at New York on
aaoh of the past 32 years have been as follows.
The quotations
June
1904.
1903.
1902.
1901.
1900.
1899.
1898.
1897.
3 for
.0.12-00
...11-50
... 95 16
...
...
...
1896.. ..0.
1895......
7%
7H
1888. ...0 10
,117 16
1887
77 1S
1886......
8\
1894
1893
9
1892...... 7°8
..
7 7s
1391 .._ 8H
6H
1890
6»e
127i„
Ills
7%
1889
Notb.—On Oot. 1, 1874, grades
1885
1884
1883
9H
10*8
11» 16
10%
1882.„....12i ia
lHig
1881
1880....0.1113 1B
13k
1879
1878
1877
1876
1875
113a
1138
12li 6
16%
1874...... 1838
19k
1873
of cotton as quoted -were changed.
According to the new classification Middling was on that day quoted
%o. lower than Middling of the old olaaslfioation.
MARKET AND SALES.
,.
67,880
2,656
We
9,661
Sinoe Sept 1 6944,666 7632,336 7298,411 7162,560 6368,839 8242,448
Exports
In addition to above exports, our telegrams to-night also
give ui the following amount! of cotton on shipboard, not
cleared, at the ports named,
add similar figures for
Mew York, which are prepared for our special use by Messrs.
Savannah..
367
523
340
1,199
2339
bales,
20, 4 Jo
against 21,903 bales last week and 24,691 bales the previous
week, making the total receipts sinoe the 1st of Sept., 1903,
6,994,666 bales, against 7,532,335 bales for the same period of
1902-3, showing a decrease since Sept. 1, 1903, of 537,670 bales.
Receipts
.
.
Spot Market
Closed
Fotubbb
JALB8 OB SPOT
<k
OONTBAOT
Market
**-
C1.08BD.
Oon-
Oon-
po*t.
sump
tract.
Saturday
Monday.... i$
Tuesday... Unlet, 45 pts. do Steady ......
Wednesday Quiet. 85 pts. do. B'rly steady.
Thursday.. unlet, 40 pts. do.
Friday.
Unlet
.
fosai.
..Holi
799
799
800
3,480
1,025
300
979
476
4.400
5,960
180
225
180
176
3,300
761
.
1
©
:
!
THE CHRONICLE.
2340
Futures.— Highest, lowest and
closing prices at
New
York.
[Vol. lxxviil
At the Interior Towns
movement— that
the
the
is
week and
since Sept. 1, the shipments for the
week and tne stocks to-night, and the same items for the
corresponding period of 1902-03 is set out in detail below.
receipts for the
—
goo C
wssg
3= » -!^ Mf*m'r-l2^.llCg^OOpOcr»
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d ffS « 2*"0
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The Visible hufply of uottom to-night, as made np dj
The above totals show that the interior stocks have decable and telegraph, Is ai follows. Foreign stocks, as wel
creased
during the week 14,005 bales, and are to night 67,694
this
returns,
afloat,
are
and
consequently
week's
all
as the
foreign figures are brought down to Thursday evening, bales more than same period last year. The receipts at all the
But to make the total the complete figures for to-night towns have been 6,623 bales less than same week last year.
'June 8), we add the item of exports from the United States,
Overland Movement for the Week and Since Sept. 1.—
including in it the exports of Friday only.
We
give below a statement showing the overland movement
1904.
1903.
1902.
1901.
Bioe* •» Liverpool—-— bales. 580,0*0 682.000 965,000 749,000 for the week and since Sept. 1, as made np from telegraphic
The results for the week ending
11.000
Stock nt London. .— ..........
10,000
12,000
7,000 reports Friday night.
Stock at Manchester. ....
51.000
62,000 _
June 3 and since Sept. 1 in the last two years are as follows.
o
oo
j
;
i
;
<icdm
aoi-'W«ifvif'i-'©tci^oocoib^coi«kOoatcasttiostOM
C00000000SC0<)©C0K>)- t0>4OCO©C0tC0SC0XW^C0
1
.
.*
Total Great Britain Stock.
641,000 696,000 977.000 756,000
22.000
21.000
18,000
23,000
..... 233.000 269,000
156,000
188,000
4.000
4,000
5.000
6,000
toekatHavre
168,000 177,000
158,000 168,000
Itock at Marseilles
3,000
3,000
3,000
4.000
27,000
Stock at Barcelona
49,000
32,000
_ 21,000
34,000
28,000
17,000
21,000
•took at Genoa
14.2O0
15,000
Stock at Trieste.. „
12,000
6.000
mmm.
Total Continental tookt.. 494,000 531,000 417,000 467,200
Total European atoeke
1,135,000 1,226.000 1,394,000 1,228,200
India cotton afloat for Europe 197.000 188,000 136.000
98,000
saner, cotton afloatiorK'rope.
86,000 134,000 138,000 183,000
Kypt,Brasll,*c.,ant.iorE rpe
14.000
22,000
55,000
28,000
Stock in Alexandria, Egypt... 146,000
56,000
107.009 155.000
took In Bombay, India
_ 466.00O 719,000 498.000 590,000
Stock In United SUtM ports.. 278,763 285,904 404.396 464.269
82.804
370.150
took in O.B. Interior to wit.. 150,498
159.771
9.916
6.170
United State b e xpor ta to-day.
5,080 _
10,737
Total visible supply . „
2.486,341 2,710,878 2.U02.904 3.109,526
Of tne above, totals of Amerloan and other descriptions are as ioii» v t
Stock at Hamburg
Stock at Bremen .
Stock at Antwerp
1903-04.
June
3.
Week.
.
Since
Sept. 1.
1902- 03.
Since
Week.
Sept. 1.
—
Shipped
Via St. Louie
Via Cairo
1,939
1,476
470
Via other routes,
<fco
26
212
..
..
497.950
247,862
6,214
1,388
13.598
117,112
31.193
193,617
2,163
4,123 1,101,332
Deduct shipments—
Overland to N. Y., Boston, &o..
782
384
Inland, &o., from South
25
92
1.042
731,142
£07,426
29 604
157,572
35,795
257,865
10,924 1,419,404
1,557
88.854
£0,779
91,995
2,850
201,588
45,627
68,721
2,723
211,628
4,978
305,936
1,442
686
.
Atnsrtsan—
Liverpool stock
458.000
Manchester stock
41,000
Continental stockr
....
405,000
s\merloan afloat for Europe. ..
86.000
United States stock
278.763
—
United States Interior stocks. 150.498
5,080
United Statesezportsto-day^"
Total American
1.424,341
Mast Indian, Brauil, Ac—
122.000
Liverpool stock......
London stock
10,000
10,000
Manchester stock
siooas
89.000
Continental
India afloat for Europe . ...... 197.000
22.000
gypt, Brasll, A-c. afloat.
Black in Alexandria, Egypt. .. 146.000
466,000
Stock In Bombay, India. ..„
1,062,000
Total East India, Ac
1,424. 341
Total American. . „,
2,486.341
Total visible sapply.
Middling Upland, Liverpool..
6-72<L
Middling Upland. New fork.. 12 00c.
7»
Egypt Good Brown, Liverpool
le d.
Pern f Bougk Good, Liverpool loaod.
bales.
M
.
.
Broach Efne, Liverpool. „„_
Tlnnavelly Good. Liverpool...
66, 6 d.
5l3i»d.
522,000
54,000
469,000
134,000
285.904
82,804
5,170
843,000
100.000
11.000
8,000
72,000
188,000
14.0O0
56.000
719.000
1.168,000
182.000
12,000
6'44d.
11-500.
Sd.
618.00C
360,000
138.000
404.396
169.771
10,737
393.000
183,00^
454,259
870,150
9,916
1,542,878 1,915,905 2,028,325
lOtW.
8-eod.
7d.
813i 6 d.
4i3, 8 d.
67 lft d.
4*8 d.
431.94.
«3ec.
Leaving total net overland*..
1,400 889.704
movement by rail to Canada.
tST Continental imports past week have been 85,030 bales,
The above figures for 1904 show a decrease from last week
of 128.954 bales, a decline of 224,537 bales from 1903, a decrease
of 416,563 bales from 1902 and a loss of 622,981 bales from 1901.
5,946 1,113,468
The foregoing shows that the week's net overland movement
this year has been 1,400 bales, against 5,946 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 28o,764 bales.
1903-04.
1902-03.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to Juno 3
Net overland to June 3
Southorn consumption Juno
Since
Sept. 1.
20,-145 6,994.666
1,400 889,704
42,000 1.629,000
3...
Since
TFeek.
Sept. 1.
24,291 7.532,336
5.946 1.113,468
1614,000
40.001
63,845 9,513,370 70,237
"12.C06 138,896 •12,205
Interior stocks in excess
Came into eight during week.
Total in eight June 3
North, spinners' tak'gs to
4>4d.
43 led.
..
Including
131.00*
7.OO0
74,200
67J6bo
136,000
98.000
55.000
26,000
107,000 155,000
498,000 590,000
087,000 1,081,200
1,542,878 1.915,904 2.028,325
2,710,878 2,902,904 3,109.325
9390.
7»4d.
Total to be deducted
June
3.
1
U259S04
19,726
58,032
1,840
9,652,266
10279530
18,046 2.043,486
16,269 2.C1 1.034
Deorease during week.
Movement
Week—
1902
June 6
1901-Jun«7
1900-June8
1899-June9
into sight in previous years
Bales.
49,401
78,851
41,739
56,388
Since Sept.
1—
1901-02- June 6
lPdO-Oi— Juie 7
1399-00— June 8
1898-99-June9
Bales.
9,886,855
9,774,816
8,897,810
10,776,021
.
June
..
.
THE CHRONICLE.
4, 1904.]
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Week ending
June 3.
Sat'day. Monday. Tuesday J Wed' day. Thursd'y Friiay.
I
.
Savannah
..
Charleston
Wilmington.
Norfolk
o
w
o
—
13
12k
1320
12-75
D>
S
13-25
13
1300
12\
12-65
u
12
a
E
Boston
Baltimore...
Philadelphia
Augusta....
C«
«-1
«1
12%
12 k
Memphis...
St.
12'8
12k
12k
lik
12^
1288
12»8
lain
Galveston.
New Orleans
Mobile
Louis ...
Houston
Little Rook
t
12^
12k
.
The
12k
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta.
12k
Louisville
128b
Montgomery.. 12
Columbus, Ga. Ilk
Columbus, Mus 12
.
Ilk
Nashville.
Natchez
Raleigh
ll», e
123a
Shreveport.... 115 Jfl
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Monday, Tuesday, Wed' day, Thursd'y Friday,
May SO. May 31. June 1. June 2. June 3.
Sat'day,
2S.
j
May
MatRange
12-40-
.
Range
12-45--76 11-81--48 11-40-82
12-47--48 ll-d2--8311-51--52
.
Closing..
ADGU8T—
Range
.
Closing..
OCTOB'B —
Range
..
a
E
p.
5
n
©
E
-
o
9
Closing..
Dec'ber—
Range
ll-79--80|ll-ld-17J10-aa-'93
w
c
E
p.
10-3O--50 10-15--38 10 00-23
10-31--32 1018-17 1009-10
3
11-77-05 11-17--80 1052--24
10-2O--36 1003- 28
10-20--2* 10-05--06
.
Closing..
9-87--12
9 -98-99
Tone—
Easy.
8teaay.
Spot...*
Options.
We
—
We
—
We
tation reached twenty-one hundredths of an inch. The ther61 to 88.
well, but are begin*
have had rain on two days during
ning to need rain,
the week, the rainfall reaohing forty hundredths of an inoh.
The thermometer has ranged from 61 to 89, averaging 75 '6.
We
to us by
telegraph from the South this evening are generally of a
favorable tenor. Rain has fallen in about all sections and
temperature has been satisfactory on the whole. An Improvement in the crop is noted by many of our correspondents, especially in Alabama and along the Atlantic, where
moisture was much needed.
have had rain on two days of the
Oalveston, Texas,
past week, the rainfall being thirty-one hundredths of an
inch. Average thermometer 79, highest 85, lowest 78.
Abilene, Texas.— There has been rain on one day of the
week, the precipitation being eighteen hundredths of an
Inch. The thermometer has averaged 80, the highest being
100 and the lowest 60. May rainfall two inohes and nineteen
hundredths.
have had rain on one day during
Brenham, Texas.—
the week, the precipitation being fifteen hundredths of an
inch. The thermometer has averaged 78, ranging from 63 to
Month's rainfall six inches and nine hundredths.
92.
Corpus Ohristi, Texas,—There has been light rain on one
day of the past week, and the rainfall has been one hundredth of an inch. The thermometer has ranged from 74 to
May rainfall three inohes and four hun93, averaging 84.
dredths.
have had rain on one day of the week,
Cuero, Texas.—
the rainfall reaching fifty seven hundredths of an inch.
Average thermometer 79, highest 95 and lowest 63. Month's
rainfall, six inches and three hundredths.
Dallas, Texas. We have had excessive rain on one day of
the week, the rainfall being one inch and seventy-seven hundredths. The thermometer has averaged 78, the highest
being 94 and the lowest 61. May rainfall, four inches and
forty-one hundredths.
Henrietta, Texas.—There has been rain on three days during the week, the precipitation reaching one inch and eightyThe thermometer has averaged 80, ranging
five hundredths.
from 60 to 99. Month's rainfall, two inches and sixty-two
hundredths.
HuntsvUle, Texas.— It has rained on one day of the week,
the precipitation reaching thirty-eight hundredths of an inch.
The thermometer has ranged from 65 to 95, averaging 80.
May rainfall, six inches and forty-six hundredths.
KerrviUe, Texas.—
have had rain on two days during
the week, to the extent of thirty-seven hundredths of an
inch. Average thermometer 80, highest 99, lowest) 61. May
rainfall four inohes and twenty-three hundredths.
Lampasas, Texas. There has been rain on one day of
the week, the precipitation being eighty-eight hundredths of
an inch. The thermometer has averaged 78, the highest
being 91 and the lowest 64. Month's rainfall, six inches and
fifty-two hundredths.
Longview, Texas.— There has been rain on one day during
the week, to the extent of four hundredths of an inch. The
thermometer has averaged 80, ranging from 64 to 95. May
rainfall four inches and eighty-two hundredths.
We
to 97.
Vtcksburg, Mississippi.—The weather has been favorable
and the crop has progressed well. We have had rain on twj
days of the past week, the rainfall being one inch and seventy-nine hundredths. Average thermometer 77, highest 90
and lowest 65.
Meridian, Mississippi.—Rain is mush needed. The cotton
plant is small.
are having fine growing
Little Rock, Arkansas.—
weather and farmers are well up with the work of cultivation.
There has been rain on two days of the week. The precipi-
mometer has averaged 75, ranging from
Helena, Arkansas.— Crops are doing
Steady.
Quiet.
B'rly 8t*yi Steady.
Weather Reports by Telegraph.— Advices
—We
—
from 58
-
Closing..
JCLY-
—
Luling, Texas. We have had rain on two days during the
week, the precipitation reaching forty-seven hundredths of an
Inch. Thermometer has ranged from 62 to 92, averaging 67.
Palestine, Texas.— We have had rain on one day of the
past week, the rainfall being forty-two hundredths of an
Inch. Average thermometer 75, highest 88, lowest 62. May
rainfall three inches and ninety-seven hundredths.
Paris, Texas.— R*in has fallen on three days of the week,
The
to the extent of one inch and seventy-four hundredths.
thermometer has averaged 75, the highest being 91 and the
lowest 59. May rainfall four inches and fourteen hundredths.
San Antonio, Texas.— We have had rain on two days during the week, to the extent of twenty-nine hundredths of an
inch. The thermometer has averaged 79, ranging from 64 to
94; month's rainfall five inches and ninety-four hundredths.
Weatherford, Texas. There has been excessive rain on
two days the past week, and the rainfall has been three
inches and ninety-nine hundredths. The thermometer has
ranged from 61 to 96, averaging 79. May rainfall three
inches and seventy-four hundredths.
Shreveport, Louisiana.— There has been rain on three days
of the week, the precipitation being fifty eight hundredths
of an inch. The thermometer has averaged 78, the highest
being 92 and the lowest 61.
New Orleans, Louisiana. We have had rain on one day of
the past week, the rainfall being thirty-two hundredths of an
inch. Average thermometer 81.
Columbus, Mississippi,— There has been rain on two days
of the week. The precipitation reached one inch and fifteen
hundredths. The thermometer has averaged 77, ranging
—
12R8
b
2341
Memphis, Tennessee.—Weather conditions have been very
and the crop, though small, H improving fast. We
have bad rain on two days of the past week, the rainfall
being two inohes and seventy- six hundredths.
Average
thermometer 70 3, highest 88*4, lowest 59. May rainfall four
inches and ninety-one hundredths.
Mobile, Alabama.— Good and general rains in the interior
early part of week. Temperature also very favorable. The
condition of the crop is decidedly improved. The first cotton
bloom was reported this season on May 30, against Jane 12
last season; both from Wilcox County, Alabama.
We have
had rain on two days during the week, the rainfall reaching
seventy-one hundredths of an inch. The thermometer has
averaged 78, ranging from 68 to 90.
Montgomery, Alabama. — Since drought was broken cotton
is coming up well and doing better.
There has been rain on
two days the past week, and the rainfall has been two inches.
The thermometer has ranged from 61 to 94, averaging 77.
Madison, Florida. We have had rain on two days of the
past week, the rainfall being fifty hundredths of an inch.
The thermometer has averaged 75, the highest being 92 and
favorable,
—
the lowest 62.
Augusta, Georgia.— Conditions are improving. There has
been rain on three days during the week, to the extent of
sixty hundredths of an inch. Tne thermometer has averaged
77, ranging from 65 to 93,
Savannah, Georgia. We have had rain on three days
during the week, the precipitation reaching seventy-three
hundredths of an inch. The thermometer has ranged from
68 to 92, averaging 77.
Stateburg, South Carolina.— Rain has fallen very beneficially on three days of the week, the rainfall being one inch
and forty-two hundredths. The thermometer has averaged
76, the highest being 93 and the lowest 63.
Greenwood, South Carolina.— We have had rain during the
week, to the extent of two inches and thirty-three hundredths,
the thermometer has averaged 76, ranging from 63 to 89.
Charleston, South Carolina. We have had rain on four
days of the past week, the rainfall being sixty -nine hundredths of an inch. Average thermometer 78, highest 9 0,
lowest 70.
Charlotte, North Carolina— Seasonable showers have been
very favorable to growth. There has been rain the past
week, the rainfall being one inch and nine hundredths. Tne
thermometer has ranged from 63 to 89, averaging 76
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
—
—
8 A. M.
Juae
3,
1904,
and June
5,
1903.
June
New^Orleans
Memphis
Nashville
Shreveport
Vlcksburg
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
....Above zero of gauge.
3, '04.
12-7
16-9
11-7
3-4
27-5
June
5, '03.
130
22-7
25-8
11-8
33-4
THE CHRONICLE.
2342
India Cotton Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending June is and for the season from Sept. 1
to Jnne 2 for three years have been as follows.
1903-04.
at—
Receipts
Since
Since
Week.
Bombay.
1901-02.
lb02-03.
Week.
Sept. 1.
51,000 1,948,000
Since
Week.
Sept. 1.
Sept. 1.
55.000 2,239,0001 23.000 1,997,000
Since September
For the Week.
1.
Exports
from—
Oreat
Continent.
Great
Britain.
Continent.
Total.
32,000
38,000
47,000
33,000
39,000
47,000
91,000
72,000
7,000
817,000
738,000
459,000
908.000
810,000
466,000
190304..
4,000
4,000
1902-03..
1901-02..
J,
000
1,000
1,00 'l
1,000
3.000
4.000
3,000
33,000
31,000
27,000
36,000
35,000
30,000
1,000
1,000
1,000
9.000
6,000
1,000
28,000
11,000
5,000
37,000
17,000
6,000
23,000
15,000
2,000
23,000
15,000
2,000
7,000
16,000
1,000
191,000
115,000
59,000
198,000
131.000
60,000
59,000
61,000
56,000
50,000
Britain.
Bombay—
190304..
1902 03..
1,000
1,000
1901-02..
Calcutta -
Madras —
1903 04..
1,000
1902-03..
1901-02..
All others —
1903-04..
1902-03..
1901-02..
Total all—
1903-04..
1902-03-.
1901-02..
2,000
1,000
5\000
Total.
110,000 1,069,000 1,179,000
895.000
993,000
98,000
562,000
12,000
550,000
'
I
!
I
[VOL. LXXYIII,
Cotton Acreage Report.— In our editorial columns will
be found to-day our annual Cotton Acreage Report, with an
account at length of the condition of the plant in each section of the South. The report has been prepared in circular
form, and the circulars may be had in quantity with business card printed thereon.
Death of Mr. Thomas Ellison.— Mr. Thomas Ellison,
the well-known cotton statistician of Liverpool, England,
who had been ill for the past two months, passed away on
Tuesday last at the age of 74, Mr. Ellison had for many
years devoted a great part of his time to the compilation of
results of cotton consumption in Great Britain ^and on the
Continent of Europe, and his results were considered authoritative in the branch covered.
Government Weekly Cotton Report. Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the crops in the Southern States for the week
ending May 30, summarizing them as follows:
Although ootton continues small, a general improvement In Its condition is indicated, especially in the central and western dlstrlots,
where rains have been well distributed and generally ample. The
least favorable reports are reoelved from Georgia, Florida and portions of South Carolina, where drought continues. Lice are not so
generally reported in the central and eastern dlstrlots as In the pre-
—
vious week, except in Georgia, but boll-weevils oontinue to inorease
in the Southwest and Central ootton counties of Texas. As a rule, the
orop Is well cultivated.
New York
Cotton Exchange —Thirty fourth Annual
—The
thirty-fourth annual meeting of the New
Yorfc Cotton Exchange was held on Tuesday, Miy 81. The
Alexandria Receipts and Shipments of Cotton.— annual report submitted by Mr. Robert P. McDjugall, the
Through arrangements we made with Messrs. Choremi, President, was in part as follows
Co., of Alexandria, we now receive a weeklyBenachi
The volume of trading has been the largest in the history of the Excable of the movements of cotton at Alexandria, Egypt. change and the fluctuations in prices the most violent ever k nown,
oent per pound np or down in a day being not unoommon. The
The following are the receipts and shipments for the past one
members may justly be proud of the record for tlaanoial strength
week and for the corresponding week of the previous made by them during the past season.
The Classification Committee has been increased to seven on actwo years.
count of increasing business.
The adoption of the grades of low middling tinned and strict good
Alexandria, Egypt,
1903-04.
1902-03.
1901-02.
ordinary tinged will help to attract ootton to New York.
June 1.
Memberships have sold at the highest prioe In the history of the Exchange— $10,700, and are now selling at about $10,000i TheoanoelReceipts (cantars*) —
ing of the transfer fee on seats and the requirement of $500 initiation
200
3,500
800
fee from new members is a progressive step, and will bring to the Ex6,448,966
5,737,691
6,459,724
Since Sept. 1
change a large revenue.
This
Since
Since
This
Since
This
Undoubtedly the most important ohange adopted during the past
Exports (bales)—
week. Sept. 1. week. Sept. 1. week. Sept. 1. year is the new commission law, to go into effect June 1, 1904, increasing the rates 50 per cent except for members residing outside the
1,465 194,586
188,629 United 8tates, to whom the rates were Increased 33 per oent.
4,500 218,012
2.619 142,974 1.992 117,152
1,750 129.113
A new system of settlement of failures has been adopted, going into
4.000 312,960 2,735 294,914 4,743 376850 effect on January, 1905. contracts and beyond, by which the oontraots
116 77,906
1,000 48,173
97,566 of failed, members will be sold out in the open market instead of
befng settled on the average prloes, a ohange to a muoh more busi11,250 708,258 6,935 710,380 6,735 780,197 ness-like method.
* A cantar is 98 lbs.
On account of an existing lease which expires May 1st, 1905, and
the high cost of building, it has been thought advisable not to do anyManchester Market.— Our report received by cable thing this year with the building recently acquired at 64 Beaver
to-night from Manchester states that the market is quiet for Street. Plans for utilizing this property will probably be considered
Board this oomlng year.
The demand for China is byAthe
yarns and easy for shirtings
committee to device a method of olearing oontraots has been apimproving.
give the prices for to-day below and leave pointed. Mr. Edward M. Weld. Chairman, and is at present Invest! gatthose for previous weeks of this and last year for comparison. ing the different methods in use, especially those in use in the West.
This committee and your board believe such a system can be worked
out, and when it Is adopted will facilitate the business of the Ex1904.
1903.
change very muoh, so that its growing business oan be more safely
50,000
Meeting
:
&
—
.
1
We
32» Oop.
Twist.
A.
d.
Ap.29 10«fl®ll>e
May* 1038®11J«
- 13 10»4®11
" 20 10 ®103»
" 27 io -a> io*
J'ne 3 9i«® 10>4
H^lbs
8*4 lbs. Skirt- Oott'n
ings, common Mid.
to finest.
Uplds
s.
d.
6
®9
6 ®9
5 ®9
4 ®9
4 ®9
lko9
6
6
6
6
6
6
s.
d.
32s Oop. inps,
Twist.
d.
d.
d.
7-72 7% ®8i4
7*4 7-76 7i3j 6 @86, e
7i* 7*38 8k ®83i
7-36 8I4 ®«5i
6
7-12 8ia "9
6
8
2
672
8>«
®9
Shirt- Oott'n
common
Uplds
to finest
s.
d.
s.
d.
5
4*s®8 2
5 4i2®8 2
5 7ia®8 5
5 7ifl®8 5
5
5
9
9
®8
®8
Mid.
6
6
d.
5-56
5-62
6-16
6-30
634
6'44
transacted, reokless trading checked, and the interests of the members
protected.
The trading has been so aotlve that it has been impossible to get the
members to give the attention it deserves to the plan for certificating
ootton in Southern warehouses and making suoh oertitloatea a good
delivery on oontraots in New York. A pamphlet has been sent oat,
and it Is hoped that most e irnest consideration will be given to it.
The adoption of such a system will proteot the Exchange against extreme manipulation, and make it a very attractive market for all interests in the ootton trade. Some suoh plan will be adopted sooner or
later.
The Exeoatlve Committee estimates that
for the
oomlng year the
will show a deficit of $5,241, on account of the necessity of
Cotton Consumption and Overland Movement to June 1. building
Installing a new engine, dynamo and swltohboard, at a cost of $5,660,
present
of
— Below we
a synopsis
the crop movement for the and the Exohange a profit of $9,900, the latter Dased on annual dues
month of May and the nine months ended May 31 for of $75.
three years.
1903-04.
Gross overland for May
bales.
Gross overland for 9 months
Net overland for May...
Net overland for 9 months
Port receipts In May
Port receipts In 9 months
..
Exports In May
Exports In 9 months
Port stocks on May 31
Northern spinners' taking* to June 1...
Southern consumption to June 1
Overland to Canada for 9 months (included In net overland)
Burnt North and South in 9 months.
Stock at North'n Interior markets J'ne 1
Came in sight during May
Amount of orop in sight June 1
Game In sight balanoe season
Total orop
Average gross weight of bales
Average net weight of bales
1902-03.
1901-02.
18,281
61,835
51,833
1,099.559 1,412,734 1,596.037
4,026
84,575
37,432
888,856 1,107,950 1,123,384
107,517
6,986.372
159,908
5,720,688
284,595
2,037.276
1,608,000
229,528
7,516,865
228,353
6,456,473
319,979
2,031,407
1,580,000
77,952
109,746
3,128
11,278
363,103
268
4,967
237,548
4,628,230
166,345
7,281,941
280,269
6,218.455
433,997
2,000,227
1,403,000
106,001
5,613
11.111
268,777
10235815 9,848.325
522,511 868,128
10758326 10701453
507-68
486-74
50566
481-74
503-88
482-77
—On pages xvil, xviii, xlx and xx of this isBue of the Chronicle will be found the business cards of many of the prominent cotton commission houses of this city, as well as of
some firms In other parts of tne country.
The report of the Warehouse and Delivery Committee shows
352,149 bales inspeoted and certificated from May 1, 1903, to April SO,
1904, lnolnsive; certificates oanoeled daring the same period 334,114
bales; leaving certificates outstanding on April 30, 1904, 75,616 bales
of ootton. Reclamations on the Bureau for the year $3,465 67. Balance to credit Guaranty Fund is $161,250 87, against $118,799 42
last year.
of the Gratuity Fund report assets of $91,250 36;
$29,575, leaving a balanoe to the oredlt of the fund of
f til ,675 36. The balanoe last year was $52,065 13.
The Treasurer's report shows a balanoe on hand of $8,014 99, as
compared with $S,048 54 last year.
During the past year 72 memberships have been transferred and 51
new members have been admitted. Tne total number of memberships
outstanding is 450.
It is thought necessary that the Exohange should always have
ample capital on hand, so that needed improvements may be made,
ana nnlooked for contingencies provided for, and it is therefore recommended that the dues be placed at $76 for the coming year.
The trustees
liabilities of
Shipping News.— As shown on a previous page, th*
exports of cotton from the United States the past week have
reached 21,G66 bales. The shipments in detail, as made np
from mail and telegraphio returns, are as follows:
N«w York—To Liverpool, per steamers
ian,
Arabic, 871
Total bales.
Victor-
445
To Antwerp, per steamer Finland, 103
To Warberg, per steamer United States, 200
To Genoa, per steamer Koenlgen Lulae, 2,138....
To Venice, per steamer Hermtne, 500
To Trieste, per steamer Hermlne, 200
New Orleans -To Hamburg— May Z8— Steamer Oakwood, 56
June 3— Steamer Hellas, 360
To Antwerp— May 27 Steamer Asian, 503
To Genoa— Jane 8— Steamer Slcilla, 4,620
GA.LVE8TOK— To Liverpool— May 2H -Steamer Yuoatan, 4,037.
To Bremen-May 28— Steamer Koln, 4,278
1,316
103
200
2,138
600
200
416
503
4,520
4,037
4,278
..
June
THE CHRONICLE.
191M.
4,
|
Total baltt'
Mobile—To Antwerp— May 28— Steamer Penrith Castle, 159..
Savannah—To Barcelona -May 28 -Str. Citta dl Messina, 750.
To Oenoa - May 28-Steamer Oltta dl Messina. 1,503
Newport News—To Liverpool— May 31— Steamer Shenan-
1,503
100
98
22 6
doah, 100
Bmiton-To Liverpool—May 21— Steamer Sylvanla, 98
To Manchester - May 27-Steamer Caledonian, 226
Philadelphia— To Liverpool -May 27-8tr. Westernland, 519
51 9
100
21,666
42,232 bales
To Manchester— May 31— Steamer Manchester Market, 100
Total.
The exports to Japan since Sept. 1 have been
from the Pacific Coast.
Liverpool. By cable from Liverpool we have the following
—
&c,
statement of the week's sales, stocks,
May
week
bales.
86.000
Of which exporters took. ..
Of which speculators took.
1.00C
Bales American..... ..........
32.000
3,000
71,000
689,000
468,000
108,000
81,000
188 00C
94,000
Sales of the
Actual export
Forwarded
Total stock— Estimated
Of which Amerloan—Est'd.
Total luiDort of the week....,
Of which Amerloan
Amount
afloat
Of which Amerloan
,
•
at that port.
May
May 20.
13
i.boo
21,000
5 000
38,000
582,000
459.000
36,000
26,000
131,000
85.000
3.
18 000
40.000
1,000
2,000
11,000
4,000
34,000
600.000
479,000
55.000
34,000
2,000
61,000
580,000
458,000
48000
28,000
83,000
40,000
26,000
•• -
June
27.
43 000
73,000
36,000
The tone of the Liverpool market for spots and fntnres
each day of the week ending Jane 3 and the daily closing
prices of spot cotton, have been as follows.
Sat'day.
Spot.
Market, )
12:30 p. m.^
Mid. Upl'ds.
Speo.
& exp.
Futures.
Market
opened.
Market,
4 P. M.
Monday. Tuesday. Wed' day. Thursd'y Friday.
a
Limited
demand.
•
*
•
*
n
o
5
!Hardetj%.
690
6-90
6-68
6 72
4,000
6,000
7.000
8.000
200
300
500
500
7-06
4 000
300
Easier.
Steadier.
Qnlet.
9
)
•
5«8
•
•
4@8
2<%8 pts.
decline.
PtS.
deoHne.
\
\
Veryst'dy
Br'lysfdy Br'lyst'dj Qnlet at
Steady.
•
4*0
pts.
\
DtS.
FlTni at
4(217 pts.
advance.
The
prices of f utnres at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and 100th. Thus: 690 means
6 90-100d.
Hon*
Sat.
2
i
28
May 30
Thin.
Wed.
T««a.
May 31 June 1
June 2
Fri.
June 3
12ia
4 12% 4 i2i*: 4 121* 4 121* 1
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
[
•
•
d.
May
•
May-Jane...
June-July .
July- Aug....
Aug.-Sept...
a
o
B
5
5
6
6
6
6
6
90
84
80
75
51
Oet-Nov
6 03
5 82
Nov.-De«....
5 77
8ept.-Oot....
Dec-Tan....
Jan.-Feb....
Feb.-Moh.
..
Mch.-Aprll.
a
a
5 75
5 73
\
d.
d.
d.
d.
d.
d.
d.
d.
d.
6 79 6 78
6 75 6 71
6 70 6 66
6 66 6 62
644 6 40
6 99 5 98
6 79 5 78
5 73 5 70
5 70 5 67
5 69 5 66
6 79 6
6 74 6
6 7C 6
6 48 6
59f
5 78
6 70
5 67
6 66
73
67
63
41
6
6
6
6
61
55
61
30
5S5 6 87
5 73 6 66
5 66 5 60
5 63 5 57
5 62 5 66
6 48 6 41
6 42 6 35
6 38 6 30
6 18 610
5 81 5 79
5 61 6 69
5 56 5 53
5 52 5 50
5 51 5 49
6
6
6
6
5
5
5
5
5
52 6 68
44 6 50
39 6 43
20 6 23
85 5 86
64 5 64
57 5 57
54 5 54
53 5 53
a
a
a
Friday. June
3, 1904.
A sharp upturn to values for the
grain had a steadying influence upon the market for wheat flour. As a general rule
mills advanced their limits. The volume of business transacted locally has been limited, buyers being slow to follow
an advance in prices. Advices from Minneapolis have reported a better trade and eome of the large mills at that city
have resumed operations. City mills have had a moderate
sale at steady prices. The demand for rye flour has improved
slightly; prices have been steady. Cornmeal has been in
demand
at unchanged values.
Speculation in wheat for future delivery has been moderately active and at advancing prices. There has been a
general rush on the part of bear operators in the speculative
market to cover contracts, and this buying has given a distinctly better tone to the market. The spring- wheat crop
has been reported as making fair progress, but the outlook
for the winter- wheat crop has been less promising, and this
Too much wet
has been the basis of the advance.
weather
has
been
reported
from
the
Mon.
$5%
80%
Holi-
day.
IN
Tues.
8538
CHICAGO.
Wed.
87
Thurs
81*4
81ift
80ift
....
Fri.
87 %
89i8
8278
market was firm.
DAILY GLOBING FRIGES OF NO. 2 MIXED CORN
Cash oorn
b
July delivery in elev
f.
o.
Sept. delivery in elev....
Sat.
Mon.
tt„w
£?"
aay#
tt„i,
£°""
aaj
*
NEW YORK.
IN
Tues.
63
54
52%
Wed.
July dellverv in elev
Mon
47
46%
Fri.
69
^9
56%
64%
56
5434
56%
55%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Sat.
Thurs.
69
CHICAGO.
Tues.
Wed.
Thurs.
Fri.
47%
47%
42%
49%
48%
49 7a
51%
49%
48%
45
44%
44%
43%
43%
Oats for future delivery at the Western market have been
fairly active and prices have advanced.
Crop news has
Sept. delivery In elev....
Deo. delivery In elev
May delivery In elev
Holiday.
44
been favorable, but July shorts, fearing that the crop will
be somewhat late in moving, have been fair buyers to cover
their sales. Locally the spot market has been fairly active
and at a steady basis of values. To-day the market was
firmer in sympathy with the advance in other grains.
DAILY GLOBING PRICES OP OATS IS
YORK.
NEW
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Nom. Nom. Nom. Nom.
day.
day.
Nom. Nom. Nom. Nom.
DAILY CLOSING PRICES OF NO. 2 MIXED OATB IN CHICAGO.
No. 2 mixed In elev
No. 2 white In elev
Bept. delivery In elev....
Holi-
Holi.
Sat.
Mon.
38%
30%
Holi-
day.
Tues.
Wed.
Thurs.
Fri.
38%
30%
39%
31%
39%
31%
40%
31%
Following are the closing quotations:
FLOUR.
Nominal.
Patent, winter
$5 10 95 25
Nominal.
Superfine
01 ty nulla, patent. 5 25 95 80
Extra, No. 2
Nominal.
Rye flour, super tine < 20 94 60
Extra, No. 1
Buckwheat flour.. Nomlaal.
$3 75 93 85
Wears
3 85 94 70
Oorn mealStraights
4 90 95 10
Western, etc
2 95 93 05
Patent, spring
Brandywlne
5 10 95 90
3 05 93 10
GRAIN.
Wheat, per bush—
o.
Oorn, per bush—
o.
o.
o.
N. DuL.No.l
Western mixed
f.o.b.106%
53 969
N'thern Man., No. 2. f.o.b. 97
No. 2 mixed
f. o. b.59
Red winter, No. 2.. f.o.b.Nom.
No. 2 yellow
f. o. b.60
Hard winter, No. 2. f.o.b. 94
No. 2 white
f. o. b.59
Oats— Mixed, p. bush. 45 946
Rye, per bushWhite
46 952
Western
70 975
No. 2 mixed..
Nominal.
State and Jersey .... Nominal.
Barley—West
No. 2 white
Nominal.
Nominal.
Feeding
47 952
Fine.......
Exports of Grain and Flour from Pacific Parts.— The
exports of grain and flour from Pacific ports for the week
ending June 3, as received by telegraph have been as follows:
From San Francisco to United Kiagdom, 47,003 bushels
wheat and 70,000 bushels barley; to various South Pacific
ports, 10,931 bbls. flour.
Combining these figures
BREADSTUFFS.
better
WHEAT FDTOBE8
Sat.
81%
81
82%
pretty
have
been
active,
and
futures
prices
Indian oorn
have made a fairly sharp advance. The wet weather conditions in the corn belt have been unfavorable for a good
Owing to continued rains, planting is
start of the new orop.
being delayed. One authority, in reviewing the crop situation for the week, says that late corn planting is being delayed; more replanting than usual, and that warmer weather
Inflaenced by the backward condition of the
is desired.
new crop, shorts have become somewhat nervous, and have
been fairly free buyers to cover short sales. The spot market has been quiet, and for contract grades prices have been
To day the market was fairly active and higher on
easier.
continued unfavorable weather for late planting. The spat
July delivery In elev
below.
May
July delivery In elev
Sept. deUv. in elev
Deo. deUv. In elev
advance.
decline.
Qnlet at Weak at Weak at
Steady,
dlsu unci). 3 pts. dec. 10(3X0 pts. 7vi21 pts.
dooltne.
to 11 ptsdo to 4 pts ad. decline.
i
i
DAILY 0LO8ING PRICES OF
159
750
2343
winter-wheat
States, with apprehension of damage to the crop where
in bloom. European markets have been quick to follow the
upturn to prices in the local market, and this has had a bullish influence.
Reports from Minneapolis state that the
flour mills have resumed grinding, and this, too, operated in
favor of the market. The spot market has been quiet. To-day
the market was fairly active and higher on continued unfavorable weather in the winter-wheat States. The spot
market was firmer but quiet.
DAILY CLOSING PKICES OF WHEAT FUTURES Df
Fri.
Sat.
Mon.
Tues.
Wed. Thurs.
No. 2 red winter, f.o. b...
Nom. Nom. Nom. Nom.
Holl92is
923g
94
July delivery in elev
Holi905a
8538
85ift
86%
8ep t. delivery In elev
day.
day.
84
8558
83ift
81*.
Deo. delivery In elev
34%
NEW YORK*
with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902-03.
Jsrports
Flour,
Oorn,
Oats,
Barley,
Rye
from—
bbls.
bush.
bush.
bush.
471
48,894
5,694
550,695
6
bush.
1,078
44,365
49,034
656,395 10,259,797
1,422
951.869 7,461,623 215.132
Wheat,
bush.
San Fran. 691,750 1,995,491
PugetS'd.1,623,764 1,451,725
Portland.. 670,356 3,088,896
Total... . 8. 185,870 6,515,612
Tot. '02-3.3,256,275 24,667,209
Government Weekly Grain
Report.
7,968,280
970,978
1,320,539
—
Mr.
344
James
Berry, Chief of the Climate and Crop Division of the United
States Weather Bureau, made public on Tuesday the telegraphic reports on the grain crops in the various States,
for the week ending May 30, as follows:
Corn.— Except in the more northerly sections, where oorn planting
is much delayed, tbis work has progressed under favorable conditions,
but the reports Indicate that a large amount of ieplantlng will be
necessary throughout the central valleys and Lake region, due in part
to poor seed. Cutworms are oauslng much damage la the Ohio Va'ley
and Middle Atlantic States. A general Improvement is Indicated In
the Southern States, where the orop la largely laid by, having reaohed
the earing ftage in the West Gulf States.
Winter Wheat.— A general improvement In the condition of winter
wheat Is Indicated in the principal wheat States, but the condition of
the orop continues verv poor in the Ohio Valley. Harvest is in progress In the Southern States. On the North Paolfle coast winter wheat
has done well, exoept In portions of Eastern Washington where it has
been injured somewhat by frost. In California the orop is maturing
rapidly, but has probably sustained injury by deslooating winds.
Spring Wheat.— Early-sown spring wheat is growing nloely, and
the general outlook for this orop in the spring- wheat region is promising. Some fields in South Dakota, however, are weedy, and the latesown in North Dakota has not germinated well. On the North Paoltio
coast early spring wheat is doing well, but rain is needed for the latesown.
Oats —Nearly all reports respecting oats lndloate that this orop has
made very favorable progress. Early oats are heading as far North
as the Central Mississippi Valley and the southern portion of the
Middle Atlantio States. Harvesting continues In the South.
THE CHRONICLE.
2344
The moTement of breadstuff s to market as Indicated in the
abatements below is prepared by ns from figures collected
by the New York Produce Exchange. The receipts at
Western lake and rirer ports for the week ending May 28
and since Aug. 1, for each of the last three years have been:
at—
Receipt*
Wheat.
/lour,
Oorn.
Bbl*.190lb$ Buth.dOlbt
194,586
189.D18
86.000
Milwaukee
81.670
Dulnth
44,780
18,600
608.830
Minneapolis.
38.0X0
4,060
13,209
89.666
18,200
Cleveland ...
St. Loali ....
City.
Tot.wk. 1904
290,699
861.768
336,030
Same wk. '08.
Samewk.'Oa.
Since Aug. 1.
1908-1904
B»j*.32tb. 9tMk.48ibj BuJXlbt.
226,900
48.000
1,188,05»
1,610,400
18.0*0
11,200
89.700
126.860
73,60<
24.443
60,000
88,045
49,904
18,438
69,941
103.632
184,477
14.400
610,395
440,000
23J.40C
881,200
850,100
46,800
•uMetielN«w York...
3 16,700
3,148,847
2,868,681
1,638.350
3.863,821
8.881,442
1,486.831
1,782.980
8.058,69'
64.898
26.337
14.758
29.687
89,180
3,480
10.019
.-
Blakmoaa
.
Hewport Newi......
1908..
68.000
77,894
100.247
81,025
6H.1V6
15,750
1.000
188,144
312,042
1.107,581
8.140,218
1/-
Bea». .............. bntb. 17.376,116
Oorn
37.806,966
17.168,947
12181,688
600.680
•
Barley
• •
••«
•••••••••••••
"
Total drain
to
,
8,839
Cern,
11,189
66.211
8,339
179.307
Orleans for foreign
.avert* /rem- »«ik.
*ewYork....„ 17,428
Bolton
76,398
Portland.
Me.
a««a.
1902
1901
8,375,781
8,089,668
89,7*3 646
56.038.584
22.168.Uo9
1.957.473
8.167,070
48.046.717
8.709,067
17,80 \b6H
1.449.990
1,128,926
49.390.048
70,810,646
87,189,094
8,643.419
1,463,962
161,506.059
70,648,558
io.ooo
88.714
81.108
12.548
1B.081
6,009
Baltimore
Orleans..
Pint,
95.568
Hewn'rtNewi
671,885
96.000
••••
18.891
"
Mobile....
48
600
18.979
9,882
eai*
Total week. .1.027.534
123.989
111.138
66.067
....
18,845
Same time '08..8,884,310 1,111390 372,184
89.637
808,464
88,680
88,630
37.616
Toe destination of these exports for the week and since
July 1, 1908, la as below:
end i<nn
July 1 te—
May 28.
Bine* July
1.1908.
bolt.
bblt.
bum.
9,087,106
1.978,424
830.904
1,202,441
180,604
614,040
704.586
822.944
Kingdom
fJnited
Continent
B.
B
C.
Win
Wktat.
*-
-Fltur.-
Wt+h
Mxf>er 1 1 for
eiiii
America.
Indlei
Br.M.AmOolo'i
Other oonntrlei
59,647
14.706
19.813
18,8*8
7,286
8,336
May
S4n«« Jul y
28.
1,
1908.
28
bush.
1, 1908.
buih.
81,101 88,511.004
86,663 86.370.2 19
2,816
U88.840
19.USO
946.163
168,584
436
1.481.C41
btMA.
88.28S.249
18,869.499
11.581
1.027.534
67,590,158
8,834,810 112,637.174
-Oorn.Bintt July
With
Hay
420,889
111.133 18.832.4W
TOtel
Total 1002-08.... 373,184 16,217,474
123,939
1.111,899
64.859,951
66,033,099
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard porta, May 28, 1904, was as follows:
wntmt,
lBltirui-
awDoYorkafloat...
hMJ*
581,000
•
Boiton
4.000
Philadelphia
Baltimore
Hew Uriaani
vjuc
....
Saireiton
Montreal
foronto
^..
anflalo
On
841,000
afloat
vfloat
18. boo
298,000
186.000
151,800
86,900
121,000
27.000
199, J 00
37,800
"si.oob
288.000
1,000
47.C0C
137,000
8.000
120.000
119,000
"49,000
311,000
862,000
8,000
66,000
4,000
71,000
•0,000
l,808.oo' :
848non
451,000
823,000
180,000
847.000
233.000
358,000
108,000
•
8.283.W
63,000
1,857.000
206.000
276.000
54,000
164.000
70,000
60,000
"9,000
111,000
10,000
558,00*
81.000
388.000
274.000
72,001
1904... 9 1,676.000
1904. ..84,111.000
1908.. .24,568,000
1902... 88,604.000
1901.. .86,984,000
8,740.000
6.164,000
4.880.000
4.227,000
16,418.000
797.000
8.478.0uu
403, .00
afloat
Minneapolis
8t.Loo.li
10,000
"V.OOO
afloat
KaniaiOltr
aai.noo
Peoria
l.ooo
Iadianapolli
On Mliiliiippi Birar
Oa Lakes
Oaianalandrlrer.
Total Mar
Total May
Total M»y
Total May
Total June
88,
81,
30.
81,
1,
1,000
96.000
291.I.K
2,«06,ojo
1,400.000
DeJnth
_ Do
'
488,000
l,450.ont>
814.000
Fort William
Port Arthur
Do
114,000
Mir.ii
181.000
afloat
Milwaukee
Oo
IKlft.
afloat
De.rolt
Do
OalaagO
Do
Oeti,
»t»ia.
afloat..
Toledo
Do
10S.0O0
16.000
206 000
gSl.ono
26.000
73.000
Oer»,
..
ICO.ooo
accumulating in
bands. It has not, however, prevented
prices from declining in a number of directions, there having
been more anxiety on the part of sellers to secure orders
than a disposition on the part of buyers to place them. This
week the pronounced decline in the price of raw ootton appears to have confirmed the buyers in their conservatism.
Their actual purchases have been confined in nearly all cases
to provision for immediate requirements.
Where they have
shown an interest in forward contracts, it has been in the
shape of bids at prices which sellers have generally declined
to accept. In the woolen goods division conditions improved
materially during May. The demand for men's-wear fabrics
in heavy-weights developed and for the past three weeks has
been of considerable proportions, while prices have tended
upwards. The auction sale of Sweetser, Pembrook
Co.'s
merchandise, continued this week, has again brought good
first
on staple lines.
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending May 80 were 1,882
packages, valued at $151,835, their destination being to the
points specified in the tables below
results
1904.
Nbw Yokk to Mat 30.
'
17,000
1903.
Sine* Jan. 1
Week.
Since Jan.
1.
Great Britain
Other European.
China
4
2
India...... ......
*ab"2
Arabia.
Africa
West Indies
*"l7
487
36
374
555
145
Mexloo
Central America
South America.
Other Countries.
1,832
Total
388
462
25,340
3,814
10,456
3,748
8,609
938
6,308
24,430
7,228
91,716
30
82
1.070
691
72
99,845
5,974
17,903
4,474
18,768
1,278
5.160
27,348
4,447
2,742
181,958
21
693
136
289
1.419
New
8,883
860
Montreal
Oalveeton
ti
Burin,
999
429
71,638
rmiedeipble
Mew
968
By*,
Oats.
buth.
86.079
»»l*.
44,030
16,169
6.110
Yokk, Fbiday, P. M., June 8, 1904,
Business during the month of May was of very moderate
volume in the cotton goods division, so far as the takings of
the home trade were concerned, but a fair quantity of brown
oottons and cotton innels was sold for export. The month
showed a considerable spread of the curtailment movement
both North and South, and this has prevented stocks from
as
8,388,031
.Flow.
New
—
The exports from the sever al seaboard porta for the week
ending May 28, 1904, arc shown In the annexed statement:
*Vkmt,
Vol. lxxtiii.
THE DRY GOODS TRADE.
Week.
1X1.069,652
64.024,3 JO
,
May 28 compare
1903
1904.
7.384,674
.bbli.
1
New
|
&
,
841
800
785,007
703.889
30^,379
1,887,827
Total reoeipta at porta from Jan.
follows for f our years:
8.400
1.148
13,906
14,000
* Beoeipti do not lnolnde trraln pasting through
ports on through bills of lading.
»yB».
81,810
Bmrin,
480,500
100,584
87,836
84,310
44,421
66,575
87,766
842.44S
6.400
13.207
80.284
'71.398
Me
Total week...
^»
78,700
61.75 J
»tu»
260
429
841
Mobil*
tUttiftt
494.689
880.40
180.910
2,400
61.971,393 7,220.777
51,861.824 9,526,268
89.640.870 4.835,470
Oeti,
•ut*
kfclf
PtUadeima........ .
Baltimore
... .
Portland.
6,400
and grain at the seaboard porta for
28, 1904, follow:
Fl*ur,
tvhtmt,
Ol r*.
„. ,
*»w Orleaat*
67.000
28,600
May
_.
Bolton
Montre&l
P.800
900
1.886,091
receipts of flour
the week ended
Week
190.83C
>
1901-1903
The
1,449
60.490
18.614
86.416
16.717.1C0 200.C04.496 141.^53,89 138.918,046
17,338,704 22«.109,342 1S6. lii.i'jt ltU.144.47'17.078.412 807.848.219 107,848 870 120.839.804
1902-1908.....
By*.
Rarity.
Oat*.
ButKMlbi
.
Kanias
:
-
.
4 .8, It*
130, J00
4,000
552,bo6
7,000
7.000
18,000
York exports since Jan, 1 has been
The value of these
$5,091,167 In 1904, against $7,606,081 in 1908.
The market for bleached oottons has not shown any improvement in the demand for any grade, and business has
been confined within restricted limits. Buyers have been
expecting lower prices on bleached goods, and this week's
drop in cotton has strengthened their expectations. Lowgrade bleached are quite irregular. Business in brown sheetings and drills has been quiet for all weights. Home buyers
are placing their orders with caution and exporters have
done little more than make futile bids. The tone is easy and
prices irregular. All deecriptions of coarse, colored cottons
are very quiet, and although stocks are in small compass,
sellers are, as a rule, easy to deal with.
Wide sheetings are
selling in limited quantities, without quotable change in
Sheets and pillow-oases quiet and unchanged. Cotton fUnnels and blankets also quiet at previous prices. There
has been a moderate demand for staple lines of printed calicoes, without further open changes in quotations, but the
lower prices made last week are being quietly met in other
Fancy caliooes and fine printed wash fabrics are
directions.
dull and irregular. Business in staple and fine ginghams is
moderate and prices unchanged. Print cloths continue inac ive, with regulars quoted at 3*»c. and odds on that basis.
prices.
Woolen Goods.— Quite a considerable number of orders
have been taken this week for both woolen and worsted
fabrics for men's wear, and with more buyers in the market
than of late a good business has been done. Buyers have
shown a preference for staple lines, but at the same time have
given Increased attention to fancies, particularly worsteds
ranging from $1 00 to $1 50 per yard. Reports come to hand
of recently Idle machinery starting up again, as agents here
have succeeded in moving off stocks and selling more or less
ahead. Sellers who have been in a good position right along
are now advancing prices, quotations being raised in a
number of instances 2 jfc. to 5e. per yard. The stronger tone
in heavy-weights is encouragicg sellers to look for a satisfactory opening of spring- weights. Some of these are being
quietly snowD, but It will probably be several weeks before
there is a full display. Overcoatings are in moderate request, with staple lines firm. Cioakings rule quiet and unchanged. A moderate demand is reported for woolen and
worsted dress goods, with prices showing considerable irregularity in fancies. Carpets are in fair demand and prices are
steady.
••
6,738.000
0,84 2.000
4.80J.0O0
3,066,000
11,818,000
882,000
966,000
986,000
1,078,000
763.000
748.000
3,046.000
8,176.000
980,000
689,000
838,000
Foreign Dry Goods— High grades of broadcloths and
fancy dress goods are in fair request and firm. A limited
business is reported in the general run of silks, with ribbons
in fair request. Linens are firm with limited sales.
Burlaps are dull.
—
— ——
June
4,
St^ti:
—
—
—
..
THE CHRONICLE.
1904.
w% cm &£?fimmm.
****^W*f*****s*'*'*'
coupon bond at not exceeding 5% inttrest. Date. June 6,
Interest January and July at office of County Treasurer in Boise. Maturity, June 6, 1924, subject to call after
len years. Bonds are exempt from all taxes. Bonded debt,
$1,000
1904.
not including this issue, $5,000.
Index.
An
index to all the news matter appearing in this Departfor the period from Jan. 2, 1904, to April 28, 1904, inclusive, was published in the Chronicle of April 80, 1904,
pages 1569, 1570, 1571, 1572 and 1578.
ment
News
2345
Items.
Assessed valuation 1903,
$62,940.
Addjston, Ohio— Bond Offering.—Proposals will be received until 12 m., June 28, by John T. Johnson, Village
Clerk, for $3,5C0 5% 30 year sidewalk bonds. Denomination,
Date, May 1, 1900. Interest semi-annually at the Sec$500.
ond National Bank of Cincinnati. Certified check for 5g of
thegroes tmount of bid, payable to the Village Treasurer,
required.
Allegheny, Pa.— Bond Issue.— The City Councils on May 19
Japanese Lean. —Syndicate Dissolved. The syndicate
which underwrote the |25,000,00O of the Japanese loan passed an ordinance providing for the issuance of $4,576 4%
which was allotted to this country was dissolved this week. Drum Street grading, paving and curbing bonds. Date of
bonds, June 1, 1904. Interest semi- annually at tbp office of
The syndicate received a com mission of one per cent.
the City Comptroller. Maturity, June 1, 1909. Under the
ordinance these bonds are to be taken by the Sinking Fund
Calls and Redemptions.
Commission at par.
Callaway County, Mo.— Bond Call.— Bonds Nob. 101 to
Alliance, Ohio.— Bond Offering.— Proposals will be re117, each for $1,000, dated May 1, 1897, were called for payceived nntil 12 m., June 18, by Chas. O. Silver, City Auditor,
ment May 1.
for $6,650 5% bonds. Denomination, $500, except one bond
Cameron, Mo.— Bond Call— Bonds Nos. 13 and 14 were for $650. Date, July 1, 1904. Interest semi-annually at the
called for payment April 1. Securities are dated Oct. 1, 1896. office of the City Treasurer. Maturity, $5C0 yearly for 12
Cape Girardeau Township, Mo.— Bond Call.— Interest years and $650 in 18 years. Certified check for $500, payable
ceased May 1 on bonds Nos, 178 to 180, inclusive, each for to Chas. O. Silver, City Auditor, required.
$100, dated May 1, 1889.
Bonds Authorized.—The City Council on May 2 passed an
Carthage, Mo. Bond Call.— Interest ceased last month on ordinance providing for the issuance of $6,650 5% 1-18-year
5% bonds Nos. 1 to 16. inclusive, each for $500, dated May 1, (serial) debt- extension bonds. Denomination, $500 except one
1869, and 4% bonds Nos. 4 and 5, each $500, dated May 10, bond for $650. Date. July 1, 1904, Interest, semi-annual.
1900.
Arizona.— Bond Coring.— Proposals will be received until
Cass Couaty, Mo.— Bond Call.— Interest ceased April 14 3 p. M., July 5, by the Board of Regents of the University of
on 5£ bonds Nos. 269 to 304, inclusive, dated Jan. 1, 1893.
the Territory of Arizona— Geo. J. Roskruge, Secretary— for
Township Bond Calls.— Interest ceased April 14 on the fol- $ll,0CO 5% gold bonds. Interest annually on July 1 at office
Maturity "within
lowing township bonds
of Territorial Treasurer In Phcenix.
Austin Township 6s. Nos. 20 and 21, each $1,000, dated Jan. 1. 1893.
years." Authority, Act No. 47 of the 22d Legislative
twenty
Coldwater Township 6s. Nos. 16 and 18, dated Jan. 1, 1893, of $1,000 each.
Assembly of Territory, which Act has been approved by the
Pleasant Hill Township 6s, Nos. 8ft and 27, each tl.000, dated Jan. 1, 1693.
Polk Tewnship 6s, Nos. 20 and »1, dated Jan. 1, 1893, of $l,0t0 each.
Congress of the United States. A oertified check for 5% of
Denver, Colo.— Bond Call.—C. S. Elder, Treasurer, of the amount bid, payable to E. E. Kirkland, Territorial TreasCity and County of Denver, called the following bonds for urer, required.
payment May 1, 1904:
Asbury Park, N. J.— Bond Sale.— The $19,000 4* 30-year
SEWER BONDS.
fire department bonds voted at the election April 26 have
Bond
:
Oapltol Hill Storm Sewer Dlst. No.
1— Bonds Nos.
152 to 186. inclusive.
FATING BONDS.
Alley Paving Dlst. No.
8— Bond No.
1.
Dlst. No. 1— Bond No. 24,
Champa St. Paving Dlst. No. 1- Bonds Nos. 47, 48 and 49.
Dlst. No. 1— Bond No. 9.
Paving
Eighth Ave.
Fifteenth St. Paving Dist. No. J— Bonds Nos. 55 and 68.
Water St. and West Twenty- third Ave. Dlst. No. I— Bond No. 23.
Broadway Paving
IMFBOVhMlHT BONOS.
:
.
,
.
. .
Improvement Dlst. No. 1— Bonds Nos. 1 to 8, inclusive,
South Broadway Improvement Dist. No. 1— Bonds Nos. 14, 16 and IB.
South Fourteenth St. Improvement Dist. No. 1— Bonds Nos. 1 to 6, inclusive
East Cucltol Hill
.
SIDEWALK BONDS.
38.74150
Laniprecht Bros. Co.. Cleve.. 18.607 00
W.R.Todd A Co.. Clncln.... 38,500 00
First Nat. Bank, Ashland ... 88,478 00
B. KleybolteA
Central Sidewalk Dist.— Bonds Nos. 1 and 3,
Sidewalk Dlst. No. 10— Bonds Not. 1 to 10, inclusive.
Upon request from the holders of any of the above bonds
ten days before the expiration of calls, the City Treasurer will arrange for their payment at the Mercantile Trust
Co.. New York City; but not otherwise.
Fulton, Mo.— Bond Call,— Call was made for payment
May 1 of bonds Nos 1 to 6, inclusive, each for $500.
Henry County, Mo. Bond Call.— Call was made for payment May 12 of 5% bonds Nos. 216 to 231, inclnsive, each for
$1,000, dated July 5, 1887.
Mobile, Ala.— Bond Call.—C. E. McLean, Mayor, called
for payment May 1, at the City Bank & Trust Co., Mobile,
paving bonds series "B," Nos. 1 to 50, inclusive.
Multnomah County (P. O. Portland), Ore.— Warrant
JohnM. Lewis, County Treasurer, has called for payCall.
ment all Class "36" warrants drawn on the general fund up
to and including Jan. 10, 1904; also Class "C" warrants
drawn on the road fund up to Jan. 10, 1904.
Nebraska.— Warrant Call.— State Treasurer Mortensen
called for payment May 14 $150,000 warrants, Nos. 99,281 to
—
101,017, inclusive.
Tennessee. Bonds Purchased.— The State Funding Board
has purchased for redemption $80,000 State bonds at 96%
and interest. The Board also recently purchased at 96)|
$25,000 State bonds, these latter being obtained from Blodget,
Merritt & Co. of Boston.
Washington. Warrant Call.— Charles S. Moore, State
Treasurer, gives notice that there are sufficient funds in the
State Treasury with which to redeem all outstanding warrants on the general fund indorsed "Presented and not paid
for want of funds" up to May 6, 1804.
Weir (Kan.) School District.— Bond CaH.-Robert Hogg,
Treasurer Board of Education, calls for payment July 1 at
the State fiscal agenoy in New York City, bond No. 13 for
$1,000, series of 1895.
Young County, Texas.— Bonds Redeemed.— This county
bridge bonds held by the State School
has redeemed $6,000
H
Fund.
been sold privately at par.
Ashland County, Ohio.— Bond Sale.— On May 25 the $35,000 5% coupon bridge bonds described in V. 78, p. 1921, were
awarded to N. W. Harris & Co., Chicago, at 112 204 and inFollowing are the bids
terest.
$38,400 00
N.W. Harris 4 Co. Chicago $89,171 60 Mason, Lewis 4 Co.. Chic
W.J. Hayes* Sons, Cleve... S9,16w 00 Hayden. Miller 4 Co., Cleve. 38,328 50
Co..
Detroit...
38,256 92
85
Noble.
Moss
39,186
4
SeasonKOOd & Mayer, Cin
88,201 00
39.G8H 90 Well, Roth 4 Co.. Cincin
P. 8. Brlggs & Co.. ClnctD..
OnionSav. B'k&Tr. Co.. Cin. 88,945 58 Feder. Holzman 4Co.,Cln... 88,195 00
38.917 00 Prov. 8av. B'k 4 Tr. Co., Cin. 38,190 00
Spltzer 4 Co., Toledo
B. H. Rollins 4 Sons Cnic... 88,176 00
Fuller, Parsons 4 Snyder.
88.900 00 8. Kuhn 4 Sons, Cincinnati. 38.150 00
Cleveland
38,100 00
A. Kleybolte 4 Co.. Clncln.
Denlson. Prior 4 Co.. Cleve39.895 50 Sec 8a v. Bk.4Tr.Co.,Toledo. 88,016 00
land 4 Boston
_
Bond Proposals and Negotiations this
week lave been as follows:
Ada County (Idaho) School
Co.. Cincin..
.
(lew 1st Nat. B'k. Columbus. 37,982 50
Western German Bank, Cin.. 87,E65 60
30,40000
8. A. Kean, Chicago
Barber ton, Ohio.— Bond Sale.— On May 16 $2,000 5* 1-7year (serial) sewer bonds were awarded to Feder, Holzman
&
Securities are dated March 1,
payable semi-annually.
Bexar Couaty, Tex.— Bonds Authorized.— The issuance of
4% refunding bonds has been authorized.
Birmingham, Ala.— Description of Bonds. We are advised that the $200,000 school bonds, sold as stated in the
Chronicle May 14, to A. L. Rich Co. at par, are in denomination of $1,000 and will possibly be dated July 1, 1904. Interest 5£, payable January and July. Maturity, 20 years. The
award. was made on May 5 at private sale.|
Boston, Mass.— Bona Sale.—This city has sold at par to
the Trustees' Public School Teachers' Retirement Fund $5,000 8}4% bonds issued for various municipal purposes. Date,
May, 1904. Maturity, Jan. 1, 1924.
Brockton, Mass. Bond Sale.—It is stated that an issue of
$100,000 $%% school bonds has been sold to the Wildey Savings Bank of Boston at par.
Caldwell County, Texas. Bonds Registered.—On May 9
the State Comptroller registered $29,000 4% refunding courthouse bonds. Date, April 10, 1904. Maturity, 40 years, subject to call one bond each year for five years, after which
time all may be called.
Camden, N. J.—Bond Offering.— Proposals will be received
Co., Cincinnati, at 102-50.
1904, and the interest will be
—
until 7:30 p. m.,
June
10,
by Edwin Delacroix, Chairman
Finance Committee of the City Council, for the following
registered or coupon bonds:
$125,000 4;: school bonds, maturing July 1. 1934.
i5,000 4* tire bonds, maturing July 1, 1924.
90,000 4% park bonds, maturing July 1, 1929.
Securities are in denomination of $1,000, dated July 1, 1904.
Interest, semi-annual. Certified check on a national bank for
5i of the amount of bonds bid for, payable to the City
Treasurer, required. Separate bids for each issue required.
R. R. Miller
is
City Treasurer.
Cape Girardeau (Mo.) School District.- Bond Sale.- On
May 14 the $10,000 4)4% 5-20-year (optional) coupen bonds described in V. 78, p. 1511, were awarded to the Sturdivant
Bank of Cape Girardeau at 101*10. Bonds are dated May 14,
1904.
District No. 19.—Bond Offering.—Proposals will be received until 10 a. m June 6, by
Mrs. G. M. Grover, Clerk (P. O. Boise R. F. D. No, 2), for a
,
Carbondale School District No. 05, Jackson County,
—Bond
June
6,
111.
Offering.— Proposals will be received until 8 p. M.,
by the Board of Education, F. E. Scott, Clerk, for
:
[Vol. ikxvih.
THE CHRONICLE.
2346
$17,000 5%
:
:
Denominations, $500 and
ccupon school bonds.
Date, Jnly 1, 1904. Interest, annnal. Maturity,
$1,000.
$1,000 July 1, 1907, and $2,000 yearly on July 1 from 1908 to
1915, inclusive.;*: Blank bonds to be furnished by successful
bidder. This issue will represent the only bonded debt of
the district. Assessed valuation, $340,298.
Cardlngton Township Free Turnpike No. 1, Morrow
County, Ohio.— Bond Offering.— Proposals will be received
until 2 p. m., June 8, bv the Road Commissioners at the
First National Bank of Cardington for $7,700 52 coupon road
bonds iseued pursuant to Sections 4774 to 4828, Chapter 7,
Denominations,
Title 7, part 2, Revised Statutes of Ohio.
Date, April 1, 1904. Interest, March 1
$100, $200 and $500.
and Sept. 1. Maturity, $100 each six months from Sept. 1,
1904, to Sept. 1, 1911, inclusive, except on Sept. 1 of the
years 1907, 1909, 1910 and 1911,wben $200 will mature; $5,800
(consisting of eleven bonds $500 each, one bond $200 and one
bond, $100) will mature March 1, 1912.
Central City (Neb.) School District.— Bond Sale.— On
23 this district sold an issue of $8,000 5# school bonds to
the Platte Valley State Bank of Central City at 101*229. Denomination, $500. Date, April 15, 1904. Interest, semi-
May
annual. Maturity, April
ter est- pacing date.
15, 1914,
subject to call at any in-
Chambers County, Tex.— Bonds Proposed.— The issuance
is being considered.
Charleston, Misi.— Bonds Not to be Issued at Present.—
We are advised that the $5,000 5% 20-year bonds voted at the
election held April 28 in aid of the Oakland Charleston &
Western Railroad will not be issued until the road is con-
of $6,000 funding bonds
Cleveland Heights, Ohio —Bond Offering.— Proposals will
be received until 12 M., June 21, by William G. Phare, Village Clerk, for the following bonds
coupon Grandvlew Avenue improvement bonds.
coupon Bellfleld Avenue improvement bonds.
Denomination, $500. Date, day of sale. Interest semi-annually on April 1 and October 1 at the Fairmount Savings
Bank Co. of Cleveland. Maturity, $1,500 of each issue yearly
on October 1 from 1905 to 1913, inclusive, and $2,000 of each
issue on Oct. 1, 1914. Separate bids to be made for each
issue.
Certified check for 10# of the bonds bid for, payable
to the Village Treasurer, required.
Clyde, Ohio.— Bond Offering.—Proposals will be received
until 12 M., June 22, by the Corporation Clerk, for $8,800 50
b% Buckeye Street assessment bonds of $830 05 each and $4,658 50 b% Buckeye Street assessment bonds of $465 85 each.
Both issues are dated May 1, 1904, and the interest will be
$16,600 6%
16,600 b%
payable annually on May 1 at the Chase National Bank of
City. Maturity, one bond of each issue yearly on
May 1 from 1905 to 1914, inclusive. All bids must be unconditional and must be accompanied by a certified check
for $200.
Accrued interest to be paid by purchasers.
Columbia, Tenn.— Bonds Voted. At the election held May
7 this city, by a vote of 91 to 4, authorized the issuance of
$30,000 4% 20-year funding bonds. Date of sale not yet determined.
Crawfordsville (Iowa) School District.— Bonds Voted.—
This district, it is stated, has voted to iseua $8,000 school-
New York
—
building bonds.
Chase City, Va.— Bonds Not 8old.—Bond Offering.—The
20-year gold street improvement bonds offered on
$20,000
May 19 were not sold. Proposals are again asked for these
bonds by the City Council, this time until June 6. See V.
Cnero, Tex.— Bond Sale.— The $9,000 4% city hall bonds
mentioned in V. 78, p. 1798, have been purchased at par by
the State Board of Education.
Cnero (Tex.) School Dibtrict.— Bonds Approved.—-The
Attorney- General has approved an issue of $5,000 schoolbuilding improvement bonds.
Cumberland, Md.— Bonds Voted.—This city on May 16,
78, p. 1921, for description of bonds.
by a vote of
1923.
000 gold
strQctcd
H
Cheney, Wash.— Bond Sale.—Oa May 2 an issue of $8,000
6£ water- works bonds was awarded to the Mechanics' Loan
& Trust Company at par. Denomination, $500. Date,
Maturity, July 1,
Interest, semi-annual.
July 1, 1903.
Chicago, 111.—Bonds Awarded.— This city reduced the
amount of bonds offered on May 27 from $5,500,000 to $5,250,000, and subsequently awarded the issue to the New York
Life Insurance Co. and the First National Bank of Chicago
for $6,600 premium for 4% bonds, bids being based on securities maturing serially from Jan. 1, 1907, to 1924, inclusive.
We gave a telegraphic report of the bids received for these
bonds last week, but the telegram did not state that the
amount of bonds to be issued had been reduced, and we therefore repeat the offers
New York Life Insurance Co. and the First National
Bank of Chicago, bidding jointly, offered $56,500 premium
and accrued interest for straight 20-year 4% bonds (Plan
"A") and $6,600 premium and accrued interest for 4% serial
bonds (Plan "B"). N. W. Harris & Co. offered $48,125 premium and accrued interest for 20 year 4s and $125 premium
and accrued interest for serial 4s.
Of the amount awarded, $295,000 will mature yearly on
January 1 from 1907 to 1928, inclusive, and $235,000 on Jan.
See V. 78, p. 1976, for description of bonds.
1, 1924.
Chicago (111.), South Park.—Bond Sale.- On Jane 1 the
$2,000,000 4% 1-20-year (serial) park bonds (two issues) described in V. 78, p. 2027, were awarded to Farson, Leach &
Co. and E, H. Rollins & Sons, Chicago, bidding jointly, at
100811. Bonds are in denomination of $1,000, dated June 1,
1904.
Interest semi-annually in Chicago.
Chillicothe, Ohio.— Bond Offering.— F. A. Stacey, President of the Trustees of the Sinking Fund, will receive bids
until 12 m,, June 10, for the following bonds now held in the
fund as an investment
:
Walnut Street bonds, dated Nov. 10, 1903. Maturity, Nov. 10. 1013,
subject to call $700 Nov. 10, 1101; $700 Nov. 10, lwuO, and $500 each year
thereafter.
1,200 i%). Second Street sanitary sewer bonds. Denomination, $200. Date
May i, 1UU4. Maturity, May *, 1910, subject to call $400 yearly.
$4,400 6%
Certified check on a national
of the bonds bid for required.
bank for
2<j
of the par value
—
Cincinnati, Ohio.— Bond Sale. This city on May 16 awarded the $7,500 4% 20-year coupon viaduct bonds to the Provident Savings Bank & Trust Co. of Cincinnati at 105'90, and
$11,581 of the $18,246 76 4% 1-10-year (aerial) Columbia Avenue assessment bonds to the Western German Bank of Cincinnati at 101*251. These bonds were described in V. 78, p.
1511.
Clark, Aitkin County,
Minn.— Bond Offering.— Proposals
will be received until 2p.m,, June 27, by Emil Wilson, Town
Clerk (P. O. Grayling), for $3,000 bonds at not exceeding
6* interest. Denomination, $250. Interest, annually on July 1.
Maturity, 20 years.
Clark Couuty (P. O. Springfield), Ohio.— Bond Sale.— On
May 26 the $12,000 6# coupon bridge bonds (two issues) described in V. 78, p. 1921, were awarded to the First National
Bank of Springfield at 108*85.
Clarkileld, Minn.— Bonds Voted.— This village on May 4,
by a vote of 75 for to 29 against, authorized the issuance of
$5,000 Q% coupon water-works bonds. Date, May 1, 1934,
Denomination, $1,000. Interest, annual. Maturity, $1,000
yearly on May 1 from 1914 to 1918, inclusive. Date of sale
not yet determined, J. E. Johnson is Village Recorder.
Clarksrllle, Tex.— Bonds Voted.— On May 11 this city, by
a vote of 186 to 11, authorized the issuance of $30,000 waterworks bonds.
1,324 to 606, authorized the issuance of the
$35,000 fire-department bonds recently authorized by the
State Legislature.
Dallas, Tex.— Bonds Authorized—The City Council, on
May 9, passed an ordinance authorizing the issuance of $50,-
Oak
Cliff
improvement bonds.
Delaware, Ohio.— Bond Offering.— Proposals will be
re-
ceived until 12 m.j June 14, by the City Auditor, for $1,500 5%
winter street paving bonds. Denomination, $300. Interest,
March 1 and Sept. 1 at the office of the City Treasurer. Maturity, $800 yearly on March 1 from 1905 to 1909, inclusive.
Denver, Colo.— Bonds Voted.— At the election held in this
city May 17 2,937 votes were cast in favor of and 1,421
against the proposition to issue $400,000 auditorium bonds;
2,704 votes were cast in favor of and 1,071 against the proposition to issue $758,759 50 bonds to pay off existing bonded
indebtedness not already provided for by sinking f and, and
2,197 votes were cast in favor of and 1,120 against the proposition to issue $540,722 77 bonds to fund the floating indebtedness.
Des Moines (Iowa), West Des Moines School District
—Bonds
Authorized.—It
stated that an issue of $15,000
is
building bonds has been authorized.
Eagle Bend Independent School District No. 73, Todd
County, Minn.— Bonds Not Sold.—The $8,000 5* school
bonds offered on May 25 were not awarded for the reason
that all requirements In regard to the election at which the
bonds were authorized were not complied with.
Bond Sale. -The $40,000 4% water bonds
Elberton,
offered on April 30 were recently awarded to Seasongood &
Mayer, Cincinnati, at 95. See V. 78, p. 1459, for description
6a—
of bonds.
Elm Ira,
June
9 to
N. Y.— Bond Election.— An election will be held
vote on the question of issuing $75,000 bridge
bonds.
Elyria, Ohio.— Bond Sale.— On May 31 the four issues of
6$ street-improvement bonds, aggregating $23,350, described
in V. 78, p. 1566, were awarded to Denison, Prior
Co.
&
of Cleveland
and Boston at 108*50 and
interest.
Following
are the bids
Premium.
Denison, Prior & Co.. Cleve$1,986 90
land and Boston
•1,992 60
Security Savings Bank
liaydeu, Miller & Co.. Cleve.. 1,950 00
•
Bid said to be Irregular and was
Premium,
feder, Holzman & Co., Cln.. .$1,940 00
W.J.Hayes & Sons. Cleve.... 1,926 00
.
& Mayer. Clncln.
Todd & Co., Clnolnnatl.
Seasongood
W.
R.
Cincinnati Trust
therefore rejected,
.
Co
1,871 SO
1,865 00
1,762 60
—
rails Creels, Pa.— Bond Sale. This borough has awarded
at par to the First National Bank of Falls Creek $17,000 4%
5-30-year (optional) water bonds,
Falmouth, Mass.— Bond Sale.— An issue of $45,000 4% 1-9year (serial) stone road notes has been awarded to Blake
Bros. & Co., Boston, at 101 82. Following are the bids :
101*82
Co., Boston
R. L. Day & Co., Boston
Blake Bros.
101539
Merrill. Oldham & Co.. Boston.. 101769 W.J. Hayes* Sons, Boston ... l»l 45
N. W. Harris X Co., Boston
101-337
New Bedford Five-Cent Sav'gs
101 63
Denison, Prior A Co., Cleveland
Bank
101-60
101-03
Kstabrook a Co., Boston.
and Boston
Blodget, Merritta Co, Boston.. 101-678 E U. Hull ins i Sons. Boston.... 100 616
Fayette County (P. 0. Lexington), Ky.— Bond Sale.— This
county has sold to P. S. Briggs
Co., Cincinnati, an issue of
$120,000 4\i% funding bonds. Denomination, $500. Date,
June 1, 1904. Interest, January 1 and July 1 at the Hanover
National Bank, New York City. Maturity, $6,000 yearly on
Jan. 1 from 1906 to 1924, inclusive, and $6,000 June 1, 1924.
Flndlay, Ohio— Bond Sale.-Oa June 1 the $24,000 5*
street-improvement bonds described in V. 78, p. 1798, were
awarded to Hayden, Miller & Co., Cleveland, at 104 60.
Flandrean, S. Dak.— Bond Sale.— On May 20 the $17,000
5% water bonds described in V. 78, p. 1567, were awarded to
Trowbridge
Niver Co., Chicago, at 102*10.
St,
-
&
&
—
June
—
Franklin, Tenn.— Bonds Voted.— By a vote of 282 to 43
this town on May 14 authorized the issuance of $50,000 water
bonds mentioned in the Chronicle May 7, p. 1798. These
bonds will mature in 30 years, subjsot to call in 20 years.
This town has no debt of any kind at present. The asseseed
valuation is §1,000,000 and the real value about $1,500,000.
Cish in treasury about f 3,500. Rate of taxation, $5 per
$l,0CO of valuation, which rate will be increased $2 50 p r
$1,000 by the new issue above authorized. H. P. Fowther
is
Town
Clerk.
,
&
&
&
Haddonfleld, N. J.— Bond Offering.— Attention is again
June 18 of $86,000 4% sewer bonds of
this borough. Proposals for these bonds will be received until 8 p. M. on that day by the Borough Council.
Date, July
Denomination, $1,000. Interest, semi-annually at
1, 1904.
office of the Borough Treasurer.
Maturity, one bond yearly
for thirty years, when the remainder will be paid. Authority,
election held March 8, 1904. Certified oheck for $1,000, payable to Charles E, Magill, Borough Treasurer, required.
Bonded indebtedness, $50,000, including this issue. Assessed valuation, $1,950,000.
Allen Clymer is Borough
called to the offering on
Clerk.
The
official
notice of this bond offering will be found
the advertisements elsewhere in this
among
Department.
Hager&town, Md. Bond Sale.— On May 24 this city sold
$3,000 4% drainage bonds to Elizabeth E, Selsam and Newton
Lenham at an average price of 102'008. Denomination, $500.
Date. May 24, 1904. Interest, January and July. Maturity,
$1,000 in each of the years 1908, 1909 and 1910.
Hollywood School District, Los Angeles County, Cal.—
Bond Sale. According to the Los Angeles "Time?," the
$50,000 5% school bonds voted at the election held April 11
have been sold for $53,225.
Hollywood Union High School District, Los Angeles
—
County, Cal.— Bond Sale.— This district on April 17, by a
vote of 146 to 1, authorized the issuance of $65,000 5% bonds,
These bonds, it is stated, have been sold for $67,009.
Ironton, Ohio.— Bond Offering.— Proposals will be received
until 12 m., June 16, by F. A. Ross, City Auditor, for the following 5# coupon bonds: $5,000 fire department, $5,000 sewer,
$5,000 water-main extension and $26,000 (city's proportion)
street improvement.
Authority, Section 2885, Rev. Stat, of
Ohio. Date, June 1, 1904. Denomination, $1,000. Interest,
semi-annually at the National Park Bank, New York City.
Maturity, June 1, 1924. Proposals must be made for each
issue separately, and a certified check for $100, payable to the
City Treasurer, is required with each bid.
Jewett, Aitkin Co., Minn.— Bond Offering.— Proposals will
be received until 10 a. m., June 25, by H. S. Marchuut, Town
Clerk, P. O. Glen, for $2,000 0% coupon road and bridge
bonds. Denomination, $200.
Date, July 15, 1804. Interest
annually at the First National Bank of Aitkin. Maturity
$200 yearly on July 15 from 1905 to 1914, inclusive.
certified check for $100, payable to George C. Jewett, Chairman
of Town Board, required.
Joplin, Mo. Bond Election.— A special election will be
held in this city June 6, 1904, at which time the following
propositions will be submitted to the voters
Shall the city
A
:
issue
138,000
26,000
bonds to pay off, redeem and cancel the overdue and unpaid bonds of
the city Issued under the provisions of ordinance No. 1691.
bonds to pay off. redeem and cancel two Judgments of the Joplin Water
Works Co., with accrued interest thereon.
80,000 electric-light-improvement bonds.
bonds are authorized, interest will be at a rate not exceeding 5%. The first two issues will be 5-10-year (optional)
and the third issue 5-20-year (optional) bonds.
If
2347
Kansas City, Mo.— Bond Sale.—Oa May 81 the $200,C0O
park and boulevard, the $225,000 hospital and the $100,000
fire-proteetion A.% 20-year coupon bonds described in "V. 78, p.
1922, were awarded to N. W. Harris &Co. and E. H. Rollins
& Sons, Chicago, for $552,900. Following are the bids
Mason, Lewis 4 Co., Chic. $546,60 00
N. W. Harris 4 Co. and B.
H. Rollins 4 Sons, Chic... $552,000 00 R. L. Dav 4 Co.. New York. 645,103 ib
Onion Nat. Bank, K. City,
Vermilye 4 Co. and Blake
for»2l0,000
562,773 00
208,280 00
Bros. & Co., New York
661,4?6
00
First Nat. Bank, Kan. City,
Mayer,
Cln...
Seasongood 4
for $100.000
103.7CC0)
W. J. Haves 4 Sons. Oleve.. 550,500 00
617,b95 25 Fidelity Trust Co., K. City,
Kountze Bros., New York.
for
$100,000
103,400 00
Well. Roth 4 Co. and Feder,
646,697 75
Hulzman & Co., Cincln
Leipsic, Ohio.— Bond Sale.— This place, it is stated, has
sold an issue of $4,240 5% building bonds to the First Na:
—
.
Mo.— Bonds Registered.—The
$25,000 \%i sewer
bonds sold on March 1 to tne Callaway Bank of Fulton have
recently been registered by the State Auditor.
Gardner, Mass.— Bond Offering.— Proposals will be received until 6 P. M June 6, by John D. Edgell, Town Treas^
urer, for $315,000 4g water bonds. Denominations, three
hundred bonds of $1,000 each and thirty bonds of $500 each.
Date, May 2, 1904. Interest semi-annually at the National
Shawmnt Bank of Boston. Maturity, $10,500 yearly en May 2
from 1905 to 1934, inclusive. Accrued interest to be paid by
purchaser. Legality of bonds approved by Storey, ThornThayer of Boston.
dike, Palmer
Gardner School District, Santa Clara Connty, Cal.—
Bond Offerin g.— Proposals will be received until June 7 by
Jno. Roll, Chairman Board of Supervisors, for $3,500 Q%
3-9-year (serial) gold school-house-addition bonds. Denomination, $500. Date, day of sale. Interest annually on January 1 at the office of the County Treasurer. Certified check
for 10# required.
Grand Kapids, Mieb.— Bond Sale.— The $200,000 4* coupon
street-improvement bonds, bids for which were received on
May 30, were awarded $40,000 (1-year bonds) to the Sinking
Fund Trustees at par and the remaining $160,000 (2 to 5-y6ar
Sons, Chicago, at 100 219. For
bonds) to E. H. Rollins
description of bonds see V. 78, p. 2028.
Greenwood, Mies.— Bond Election,— On June 6 the question of issuing 8123,000 water- works bonds will be submitted
to the people of this city.
Gulfport, Miss.— -Bond Sale.— On May 17 the $20,000 5J4%
school bonds, described in V. 78, p. 1922, were awarded to
Trowbridge
Niver Co., Chicago, at 103*875.
Fulton,
.
THE CHRONICLE
1904.]
4,
—
— ——
,
—
tional
Bank
of Leipsio for $22
premium.
Bond Election.— An
election will be
held in this town June 7 to vote upon the question of issuing
$60,000 street-improvement, water-works and electric-lightplant bonds. Jno. H. Moyer is Mayor.
Lincoln, Neb.— Bond Sale.— On May 30 the $65,000 iX%
light-plant bonds, described in V. 78, p. 1922, were awarded
to Konntze Bros., New York City, at 101-66.
Locfcpirt, N. Y.— Bond Offering,— Proposals will be received until 12 M., June 13, by B. M. Hutcheson, City Treasurer, for the $4,500 i.% judgment bonds authorized by ChapDenomination, $900. Date, June 18,
ter 864, Laws of 1904.
1904.
Interest January and July at the office of the City
Treasurer. Maturity, $900 yearly on January 1 from 1905 to
Bonds are exempt from city taxes.
1909, inclusive.
are advised by wire
Los Angeles, Cal.— Bond Sale.
that the $387, 5u0 Z%% water-works bonds (one of the three
issues of bonds aggregating $537,500 offered on June 1) have
Merchants' National Bank
been sold at par to the Farmers'
of Los Angeles. See V. 78. p. 1922, for description of bonds.
Lower Merion Township (P. O. Ardmore), Pa.— Bond
Offering.— Proposals will be received until 8 P. m., June 8, by
Algernon B. Roberts, President Board of Commissioner?, for
$165,000 4£ sewer bonds. Securities are part of an issue of
Denomination, $1,000. Date, July 1, 1904. In$200,000.
Maturity, $50,000 on January 1 of the
terest, semi-annual.
years 1919, 1924 and 1929, and $15,000 on Jan. 1, 1934. Certified check for 5% of the par value of the bonds bid for required. G. C. Anderson is Secretary Board of Commis-
Lexington, N. C.
— We
&
sioners.
—
Macon, Miss. Bond Offering, Proposals will be received
until 8 P. m., June 21, by H. L. J. Barnes, City Clerk, for
$30,000 5% coupon water-works bonds. Denominations, $100
and $500. Date, May 17, 1904. Interest annually in May at
the Merchants'
Farmers' Bank of Macon. Maturity, May
17, 1924. Authority for issue, Section 8014, Code of 1892.
Bonds are exempt from State and municipal taxes. Certified check for $500, payable to the city of Macon, required.
Bonded debt, including this issue, $56,900. Assessed valuation, $852,000.
Bond Sale. On May 31 the twenty-one
Mansfield, Ohio
issues of 5% street and sewer bonds, aggregating $82,000, described in V. 78, p. 1799, were awarded to the Mansfield
Savings Bank at 100'61 and interest. Following are the
bids :
$82,601 CO Cincinnati Trust Co., Cincln. $82,327 00
MansBeld Savings Bank
82,400 00 fteasonuood & Mayer. Cinom. 82,190 CO
Weil. Roth 4 Co. Cincln
Citizens' Sav. 4 Loan Co
82,3^1 60 Fuller, Parsons 4 Snyder,
&
—
Denison, Prior
4
—
Cleveland
Co., Cleve-
82.095 00
New 1st Nat. B'k, Columbus. 82,000 00
Marshall, Texas. Bond Election.— An election will be
held June 7 to vote on the question of issuing $45,000 sewer
and $30,000 water- works extension bonds.
Bond Offering.—
Mercer County (P. O. Celina), Ohio.
Proposals will be received until 1 p. m., June 18, by the
Board of County Commissioners, care of T. A. Weis, County
Auditor, for $34,000 5% coupon Wabash Ditch No. 428 bonds.
Denomination, $500.
Date, July 1, 1904. Interest, semiannually at the office of the County Treasurer. Maturity,
yearly on July 1 -$6,000 in 1905,'$7,000 in 1906, $7,000 in 1907,
$7,000 in 1808 and $7,000 in 1909. Blank bonds to be furnished by the successful bidder.
Meridian School District, Santa Clara Connty, Cal.—
Bond Offering.— Proposals will be received untill 11 a m\,
ana and Boston
82,285 00
—
June 7, by John Roll, Chairman Board of Supervisors, for
$3,000 5% 2 4-year (serial) gold coupon school-house bonds.
Denomination, $1,000. Date, day of sale. Interest, annually
on January 1 at the office of the County Treasurer. Certified check fcr 10$ required.
Mesa, Maricopa County, Ariz. Bond Offering.— Proposals
will be received until 6 p. m., June 14, by J. H. Pomeroy,
Town Clerk, for $3,500 5i gold road bonds. Interest semiannually on January 1 and July 1. Maturity, 20 years. Certified check on a national bank for $250, payable to J. H.
Pomeroy, Town Treasurer, required.
Mora, Kanabec County, Minn.— Bond Offering. Proposals
will be received until 8.30 p. m., June 17, by D. R. Eaton,
President Common Council, for $12,000 water bonds at not
exceeding 0% interest
Denomination, $100. Interest annually in Mora.
Maturity. $2,000 in 10 years, $5,000 in 15 years
and $5,000 in 20 years. Draft on the Kanabec County Bank,
payable to D. R. Eaton, President of Village Council, for 5$
of bid required. The village has no bonded debt at present
and the floating debt is about $3,000. Assessed valuation for
1903, $133,204.
—
Mt. Airy, Ohio.— Bond Offering.— Proposals will be received until 12 M , June 21, by Joseph Steidle, Village Clerk,
for $10,000 5% coupon sidewalk bonds. Denomination, $100,
Date, May 1, 1904. Interest, semi-annual. Maturity, Mayl,
—
—
:
1924, subject to call after May 1, 1914. Authority for issue.
Section 2835, Revised Statutes of Ohio. Accrued interest to
be paid by purchasers. Certified check for 5£ of bonds bid
for, payable to the Village Treasurer, required.
Mount Yernon, Ohio.— Bond Election.— An eleotion will be
held June 6 to vote on the question of issuing $13,000 Q%
street and dike-improvement bonds.
Naotieoke (Pa.) School District.— Bond Sale— On June 1
the $10,000 5% 15 80-year (optional) school bonds described in
V. 78, p. 2C30, were awarded to the First National Bank of
Nanticoke at 105625. Following are the bids
First Nat. Bank, Nanticoke.. 42.250 00
tfeasonuoodA Mayer, Clnoin. 43,260 00
W.J. Hares* sone.Cleve... 42.000 00
Fuller.
Parsons
A
I
8.
$42,002 00
41,200 00
A. Kean, Chicago
(Ind.) School District.—Bond Sale.-On
the $61,000 4% coupon school- houss bonds, desoribed in
Co.,
V. 78 p. 2030, were awarded to Rudolph Kleybolte
Cincinnati, «t 101 353.
Bond Offering.— Proposals will be reNewark, Ohio.
ceived until 12 M., June 16, by Frank T. Maurath, City
DenominaAuditor, for $58,157 5% debt-extension bonds.
April
Dite,
for
bond
$157.
1, 1904,
one
except
tion, $1,000,
Interest, semi-annually. Maturity, $6,000 yearly on Oct. 1
from 1914 to 1922, inclusive, and $1,157 on Oct. 1, 1923. Certified for 10* of the amount of bonds bid for, payable to the
City Treasurer, required.
Newport, R. I.—Bond Sale.— On May 27 an issue of $150,Cabot,
000 3^% high-school bonds was awarded to Moors
Boston, at 100-95. Following are the bids
100-27
100-95
B. H. Gay * Co., Boston
Moors A Cabot. Boston
Denlson, Prior & Co., Cleveland
E. C Stanwood A Co., Boston.. 100*53
100-27
1
&
—
&
:
.
Geo. A. Fernald
Blodeet, Merritt
and Boston
Blake Bros. * Co.. BostonVermllye A Co., Boston
100-60
A Co., Boston.. 100-44
A Co.. Boston.
10036
Estabrook A Co.. Boston
E. H. Rollins A Sons, Boston. .100815
100-18
100M8
.
Denomination, $1,000. Date, June 1, 1904. Interest, semiannual. Maturity, June 1, 1954.
New Rochelle, N. Y.— Bond Sale.—On May 81 the $56,000
4% registered local-improvement bonds described in V. 78, p.
Co., New York
2030, were awarded to Rudolph Kleybolte
City, at 104-209. Following are the bids :
$68,867 00 N. W. Harris A Co., N. Y... .$67,744 00
R. Xl«ybolt« AC0..N. Y
67.016 00
John D. Everitt A Co., N. Y. 58.072 00 O'Connor A Kahler, N. Y
W. R. Todd A Co.. New York. 68,000 00 Edmund Seymour A Co. N.Y. 66.980 00
Farson, Leach A Co.. N. Y. .. 57.863 (JO
Niagara Falls, Ont.— Debenture Offerings.— Proposals will
be received until 4 p.m., June 20, by John Robinson, City
Clerk, for the following debentures
&
I
.
|
|
I
:
$18,960-59 i% local Improvement debentures, maturing part yearly for 20 years.
15,828'85 *% local Improvement debentures, maturing part yearly for SO years.
12,000-00 i% water-works debentures, maturing part yearly for 16 years.
Ogden, Utah.— Bond Offering.— Proposals will be received
until 5 p. m,, Jane 20 (time extended from June 13), for the
$55,000 5* sewer bonds authorized at the eleotion held May
Denomination, $1,000. Date, July 1, 1904. Interest,
13.
semi-annually at the office of the City Treasurer or at the
Chase National Bank, New York City. Maturity, 10 years,
subject to call after one year. Certified check for $2,000
required.
Omaha, Neb.— Bond Sale.— On June 1 the $170,000 4%%
20-year paving and sewer-renewal bonds described in V. 7b,
Co., Chicago, at
p. 1514, were awarded to Farson, Leach
1C6 051.
Bond Sale.— O a June 2 the $127,000 l%% 20-year renewal
bonda, described in V. 78, p. 1514, were awarded to R. L.
Day Co.. New York, at 106 261.
&
&
Onancock, Accomac County, Va.—Bond Offering.— Proposals will be received until 6 p. m., June 15, by William J.
Doughty, Town Clerk, for $3,000 5% water-works-extension
bonds. Authority, Act of Legislature approved March 15,
1904.
Denomination, $100. Interest, semi-annual. Maturity,
20 years, subject to oall after 10 years,
School District, Sacramento County, Cal.
—Orangevale
Bona Sale. —The County Clerk recently sold an issue of
$3,500 5£ coupon bonds of this district to the People's Savings Bank of Sacramento at 100-571. Bonds are dated June
1, 1904.
Oregon.— Loans Approved.—The State Land Board on
12 approved applications aggregating $27,450 from 12
May
school districts for loans from the school fund.
Padncah, Kj.— Bond Sale.— On June 1 the $200,000 4% 80year coupon improvement bonds described in V. 78, p. 1979,
were awarded to the Western National Bank of Cincinnati
and
interest.
Passaic County (P. 0. Paterson), N. J.— Bond Sale.— On
May 81 the $312,000 4% bridge bonds decribed in V. 78, p.
2080, were awarded to John D. Everitt & Co., New York
City, at 102 and interest. Following are the bids:
John D. Everitt A Co.. N. Y.... 102-00 N. W. Harris A Co.. New York. .101*710
Farson, Leach ACo., New York. 101876 Kountze Bros.. New York
101-125
I
!
Peabody, Mass.— Bond Offering.—Proposals will be received until 5 p. M„ June 14, by Elmer M. Poor, Town Treasurer, for $40,000 4% I-20-year (serial)
June
for $10,005 57 4%% locaL-improvement debentures maturing
part yearly for ten Years.
Phlllipsburg, N. J.— Bond Sale.— An issue of $21,000 4%
York
sewer bonds has been awarded to Kountze Bros.,
-nominations, $100 to $1,000. D*te, June
City, at 102-276.
Ioterest, semi-annual. Maturity, part yearly from
1, 1904.
1928 to 1926, inclusive.
Phoenix, Ariz. —Bond Sale—On May 23 the $67,500 5* gold
road bonds described in V. 78, p. 1923, were awarded to E. H.
Rollins
Sons, Chicago, at 108-066 and interest. Following
are the bids :
B. H. Rollins A Sons, Chic... $69,570 00 James R. Thorpe, Phcenlx. .169,063 00
New
D
&
.
Snyder,
Cleveland.
New Albany
at 100-125
[Vol. lxxviil
THE CHRONICLE.
^348
June
:
water bonds, dated
E. Coffin (agent). Phoenix.... 69,49126
C.
H.
Coffin,
:
112,000
5jt
coupon Main 8treet Improvement bonds. Certified check for $«00
required.
coupon Railroad Street Improvement bonds. Certified check for
$200 required.
6,500 b% coupon Main Street improvement bonds. Certified check for 1300
required.
10,000 6)1 coupon Chllllcothe Street Improvement bonds. Certified check for
91,000 required.
_
17,000 54 coupon Chillicothe Street Improvement bonds. Certified check for
$1,800 required.
4,000 5%
All bonds aie dated July 1, 1904. Denomination, $500.
Interest semi-annually at the cffioe of the Village Treasurer.
Maturity, one bond of each issue each six months, beginning
March 1, 1905. Certified checks to be drawn on a national
bank or trust company and made payable to the Village
Treasurer.
Radcllffe, Iewa.—Bond Election,— An election will be
held June 6 to vote on the question of issuing bonds to retire
outstanding water warrants. C. F. Myers is Town Recorder.
Richland County, Ohio.—Bond Sale.— On June 1 the $85,bridge bonds, described in V. 78, p. 1801, were
000
awarded to the Mansfield Savings Bank of Mansfield for
4^
$86,500.
Rockport, Ohio. Bond Offering.— Proposals will be received until 12 m,, June 15, by W. L. Niohols, Village Clerk
(P. O. West Park), for the $75,000 4% water-works bonds
mentioned in V. 78, p. 1801. Denomination, $1,000. Date,
June 15, 1904. Interest, semi-annual, "provided, however,
the first interest due and payable on said bonds shall be April
15, 1905, and semi annually thereafter from said April 15,
Loan Associa1905, at the office of the People's Savings
tion, Cleveland, O." Maturity as follows: $10,000 June 15.
&
1914; $12,030 June 15, 1919; $15,000 June 15, 1924; $18,030
Authority, Act of the
15, 1999; $20,000 June 15, 1934.
General Assembly passed April 29, 1202, Certified cheok for
D. Sixt, Village Treas3g of amount of bid, payable to
urer, required.
Rocky River, Ohio.— Bond Offering. Proposals will be received until 12 M., June 28, by R. W. Bassett, Village Clerk,
for $4,000 5% Wooster Road improvement bonds. DenominaDate, April 1, 1904. Iaterest semi-annually at
tion, $500,
June
W.
—
Rocky River Savings Bank. Maturity, $500 yearly on
October 1 from 1905 to 1912, inolusive. Authority, Section
2835, Revised Statutes of Ohio. Certified check for $200,
payable to the Village Treasurer, required.
St. Albans, Vt.— Bond 8ale.— On May 11 an issue of $7,000
4% 20-year improvement bonds, dated May 2, 1904, were
awarded to F, C. Smith of St. Albans at 101*85. Denominathe
and two for $500. Interest, annual.
Sandnsky, Ohio.—Bond Offering.— Proposals will be received until 12 M June 27, by Alex. M. Wagner, City Auditor, for $5,500 4% 6-year Columbus Avenue slip improvement
bonds. Denomination, $590. Date, May 1, 1904, Interest
tions, six of $1,000
,
semi-annually at the
office of
the City Treasurer.
E. D. Shepard
A Co., New York
$60,000
Fire
$76,000
Stiver
Bonds.
Bonds.
Bonds.
104-883
106-088
104-879
City
:
Sharpsbnrg (Pa.) School District— Bond Election.— An
on the question of
Pensacols, Fia.— Bonds Not Sold.— The $750,000 4% 50-year
gold-improvement bonds offered on Jane 1 were not sold.
See V. 78, p. 1514, for description of bonds.
ing.
Perth Am boy, N. J.— Bonds Not Sold.— No bids were received May 31 for the $155,000 4% water bonds described in
V. 78, p. 1979.
Petrolea, Ont. Debenture Offering.— Proposals will be received intil 6 p. m,, June 18, by John MoHattie, Town Clerk,
103189
$50,000
Deficiency
The following proposals were received for the three issues,
aggregating $175,000, bid for as a whole
103-255
N. W. Harris A Co., New York. 104-436 W. J. Hayes A Sons, Cleve
Blodnet, Merritt A Co.. Boston. 101-177 r argon. Leach A Co.. New York.108186
103-00
102-561
York
Day
Co.,New
Kountze
Bros..
New
York
L.
R.
A
108-173
Estabrook A Co., New York.....l02'638
8, Harde. New York
108-87
Jno. D. Everitt A Co.. N.Y
election will be held June 7 to vote
issuing $65,000 school-building bonds.
&
Certified
check for $1,000 required.
Sauqnoit Union Free School District No. 9 of the Town
of Paris, N. Y.— Bond Sale.— On May 19 an issue of $11,000
4% school- building bonds was awarded to Farson, Leach &
Denomination, $590. Date,
Co., New York City, at 100-18.
June 1, 1904. Interest May 1 and Nov. 1. Maturity, $500
yearly on May 1 from 1906 to 1927, inclusive.
Schenectady, N. Y.—Bond Bids.— The following bids were
received May 25 for the three issues of bonds awarded, as
stated last week, to E. D. Shepard & Co., New York City
1904.
Denomination, $1,000. Interest, semi-annual.
Legality of bonds approved by Messrs. Storey, Thorndike,
Palmer
Thayer of Boston.
1,
68,17600
Chicago
ACo.. Clnoin... 68,067 60
B. Kleybolte
a
Plata City, Ohio.— Bond Offering.—Proposals will be received until 12 m., June 20, by J. R. Woods, Village Clerk,
for the following bonds
Beasongood
Mayer, Clnoin. (9,460 86
Sterling Township, Whiteside County, III.— Bond OfferProposals will be received until 2 P. M, June 7, by
Fred R. Stoddard, Town Clerk (P. O. Sterling) for $86,500 4%
bridge bonds. Denomination, $1,000, except one bond for
$1,500. Interest, Jan. 1 and July 1 at the Sterling National
Bank of Sterling. Maturity, $2,000 yearly from 1907 to
1984, inclusive, exoept in the year 1920, when $2,500 will mature. Bonds will be delivered to purchasers from time to
time as the work progresses. Certified check for 5# of the
—
—
June
THE CHRONICLE.
4, 1904.]
bid, payable to James P. Overholser, Town Supervisor, required. This is the first issue of bonds put cut by
this town.
amount of
—
Swissvale {Borough), Ft.— Bond Offering. Proposals will
be received until June 80 by Robert E. Reno, Chairman of
Flrjance Committee, for $15,000
sewer and $35,000
street-improvement bonds. Interest will be payable semiannually. Parchaser will pay taxes, if any, on these bonds.
Bonded debt of borough, inoluding these issues, will be
M
$116,000.
The
Tax
H
2349
Revised Statutes of Ohio.
Denomination, twenty bonds of
$100 each and ten bonds of $200. Date, May 1, 1904. InterMaturity, May 1, 1924.
est, semi-annual.
Accrued interett
to be paid by purchaser.
Utica, N. Y.— Bond Sale,— On June 1 the $41,404 37 4* 1-8year (serial) paving bonds described in V. 78, v. 2082, were
awarded to Geo. M. Hihn, New York City, at 100 16 and inFollowing are fct e bids
terest.
100-06
George M. Habn, New York. ..100-16
f 100-07
;00-C8
W. J. Hayes & Sons, Cleve 100-10
Isaac W. Sberrlll, Poughkesp- 1000ft
:
I
J
sle
1
L
valuation, $4,859,805.
official notice
of this bond offering will be found among
the advertisements elsewhere in this
Syracuse, N.
ceived until 2 p.
Department.
,
for §272,000 A% 1-20 year (serial) funding bonds.
Denominations, $2,500 and $1,200.
Date, June 1, 1904. Interest, semiannually at the United States Mortgage
Trust Co., New
York City, and the said company will certify as to the genuineness of the issue. Bonds are to be registered at the office
of tLe City Comptroller.
Tempe, Ariz. Bonds Voted.— On April 30 this town, by a
vote of 156 for to 10 against, authorized the issuance of tha
$4,000 Tonto Road bonds mentioned in V. 78, p. 12E6,
under caption of "Phoenix, Tempe and Mesa, Ariz."
Terminal School District, Log Angeles County, Cal.—
Bonds Voted.— This district on May 17 voted unanimously to
issue $5,000 school-building bonds.
&
No.
7,
Dawson County, Mont—
will be received until 8 p. M.,
June 15 (not June 5, as some of the papers have had it), by
A. A. Frederickson, Clerk, for $1,000 6% coupon school-
house bonds.
Toledo, Ohio.— Bond Election Proposed.—-The Board of
Public Servioe ha* decided to recommend to the City Council that a proposition to issue $500,000 pure-water bonds be
submitted to a vote of the people.
Troy, Ohio— Bond Offering.— Proposals will be received
until 12 m., June 25, by Cbas. F. Rannells, City Auditor, for
Authority, Section 2701,
$4,000 if debt-extension bonds.
NEW
100-11
land,
100-125
100-1*
100-155
100146
Van Wert County, Ohio.— Bond Sale.— On May 14 the $6,4^< "Morrison Free Turnpike No. 85" bonds were
awarded to the People's Bank of Van Wert at par.
Walsh County (P. O. Grafton), N. D.— Bond Offering.—
200
T.— Bond Offering,— Proposals will be reM June 9, by E. J. Mack, City Comptroller,
Tokna School District
Bond Offering.— Proposals
1
Proposals will be received until 2 p. ai., June 7, by O. M.
Fraser, County Auditor, for $9,200 ditch bonds.
Date of
bonds, July 1, 1904.
Warren Independent School District No. 2, Marshall
County, Minn.— Bond Offering.— Proposals will be received
until 1 P. M., June 20, by John P. Mattson, Clerk Board of
Education, for $10,000 15-year schcol-houee bonds at not exceeding 5% interest. Bonds will be issued in denominations
to suit purchaser and the interest will be made payable annually or semi-annually, as desired. Debt of district, not including this issue, $12,000. Assessed valuation, $320,162.
Wasniagton (Pa.) School D i strict.— Bond iiale.—Oa May
31 the $100,000 5* school- building bonds described in V. 78,
p. 1981, were awarded to the Municipal & Corporation Securities Co. of Pittsburgh and N. W. Halaey & Co., New
York City, at their joint bid of 110-83. Following are the
bids:
Municipal &Corp. Sec. Co. and
110*38
N. W. Halsey A Co
Dick & Robinson. New York.... 109*787
Lampreoht Bros. Co.. Cleve.... .109-194
Denlson, Prior &Co.. Cleveland
and Boston
1(8427
Holmes* Co
108 <>*
N.
Seasongood
W.
B.
& Mayer.
Todd &
Watertewn, Mass.— Temporary Loan.
Clncin.. .108-285
Co.. Clncin
U7-78
.
—This town on
May
31 awarded to Geo. Mixter of Boston, at 3 30£ discount and
$1 50 premium, a loan of $25,000 in anticipation of the collection of taxes. Loan matures Sept. 15, 1904. The' following
bids
were received
:
NEW
LOANS.
SALE OF MUNICIPAL BONDS
LOANS.
Borough of Swissvale,
Pa.,
FOR THE LINE OF THE
$15,000 Sewer Bonds.
Cincinnati Southern Railway.
$35,000 Street Improvement Bonds.
SEALED PBOPOSALS
be received at the office of the Board of Trustees of the Cincinnati
Southern Railway until 12 o'clock noon of MONDAY, THE 20th DAY OF JUNE, 1904, for the purchase of
500 coupon bonds, each of the face value of $1,000, bearing 314 Per cent Interest. Issued by the Board of
Trustees of tha Cincinnati Southern Railway.
These bonds are Issued in accordance with and under the provisions of an Act of the General Assembly
of the State of Ohio, passed April 28, 1898, (93 O. L., 687) entitled 'An Act supplementary to an Act
relating to cities of the first class having a population exceeding one hundred and fifty thousand inhabitants, passed May 4, 1869." (66 O. L., 80) and the resolution of the Board of Trustees of the Cincinnati
Southern Railway passed the 16th day of May, 1904.
The said bonds being one of a series of $6(0,000 each, issued, or to be issued, each year, for a period of
five (5) years, under the corporate seal of said city, for money borrowed there* n in the aggregate not to
exceed $2,600,000, authorized by the above Act to be borrowed by said Board of Trustees as a fund for
terminal facilities and permanent betterments for the line of railway of the Cincinnati Southern Railway
—a line of railway owned by the said City of Cincinnati and extending from said city to the City of Chat
tanooga, in the State of Ternessee— and each bond is equally secured by a pledge of the faith of the said
City of Cincinnati, and a tax in addition to all other taxes for municipal purposes which shall be annually
levied by tha Council or Board of Legislation of said city on the real and personal property returned on
the grand levy sufficient to pay the Interest and provide a sinking fund for their final redemption.
Tie Trustee* have heretofore issued a manuscript bond to the amount of $500,000, of date July 1, 190?,
payable July 1, 1P6*\ and redeemable July 1, 1942, under authority conferred by said Act of April 23, 189F,
which bond, on being offered to the Trusteea of the Sinking Fund of Cincinnati, Ohio, under the laws of
said State, was taken and Is now held by said Trustees of the Sinking Fund.
The Trusteea have also issued five hundred (500) bonds in the amount of one thousand ($1,000) dollars
each, of date July 1st, 1908. payable July 1st. 1965, and redeemable July 1st, 1943, under authority
conferred by said Act of April 2S. I8fc8, and which bonds on being advertised for sale under the statute In
such cases mine and provided were sold as an entirety.
The said bonds are to be lsrued uider date of July 1,1904, and are payable on the first day of July, 1066,
at the American Exchange National Bank in New York City, with Interest thereon at the rate of 9bi per
cent per annum, payable semi-annually on the first days of January and July in each year, upon the
presentation and an i Fender, as they severally mature, of the Interest coupons attached thereto; payable
both as to principal and Interest in lawful money of the United States. Said bo< ds are redeemable at the
option of the City of Cincinnati on the first day of July. A. D. 1944, or at any time thereafter, upon payment of the principal and accrued interest; all of said bonds are to be signed by the President of the Board
of Trustees of the Cincinnati Southern Railway and attested by the Auditor of the City of Cincinnati and
registered in his office and also to be recorded in the office of the Trustees of the Sinking Fund of said city.
A certified check drawn on a national bank for the amount of I per cent of the amount bid, payable to
the order of the Board of Trustees of tbe Cincinnati Southern Railway, must accompany each bid. This
check shall inure to the benefit of the city upon the failure of the bidder to comply with tbe provisions of
his bid or to take the oonds at tbe amount bid.
No bid for lass than par and accrued interest to the day of delivery of the bonds will be accepted the
bonds to be delivered to the buyer at the Third National bank in the City of Cincinnati on any business
day between the 1st day of July and tbe 6th day of July, 1904.
Bidders must enclose tbeir bids in sealed envelopes and deposit the same with the Secretary of the
Board of Trustees of the Cincinnati Southern Railway at the office of the Trustees of the Cincinnati
Southern Railway, Ingalls Building, northeast corner Fourth and Vine Streets. Cincinnati, Ohio, on or
before the 20th day ol June, 1904, at 12 o'clock M., and such sealed envelopes must have Indorsed thereon
the nature of the bid and the name and address of the bidder.
All bids must state tbe number of bonds bid for.
Bids will ba opened on Monday, the 20th day of June, 1904, at 12 o'clock M, in tbe presence of the
dders, at tbe office of the Board of Trustees of tbe Cincinnati Southern Railway.
Bidders must use the printed forms furnished by the Secretary of the Board of Trustees of the
Cincinnati Southern Rallwa», as none others will be receiver!.
Tbe Hoard of Trustees of the Cincinnati Southern Bail way reserves the right to reject any or all bids.
By direction of the Board of Trustees of the Cincinnati Southern Railway.
will
;
JOHN H. SAYLER. President.
STANLEY FERGUSON, Secretary.
MacDonald, McCoy
MUNICIPAL AND
&
Go.,
La
Salle Street, Cbicago.
&
Co..
BANKERS
CORPORA TfO/t
BONDS,
Z71
Blodget, Merritt
16
Congress Street, Boston.
36
MASSAC STREET, MEW YORK.
STATE. CITT k RAILROAD BONDS
The Finance Committee of the Borough of Swissvale, Pennsylvania, will receive sealed bids up to
and including
30TH, 1904, for the sale of
Fifteen Thousand ($15,000) Sewer Bonds and also
for the sale of Thirty-five Thousand ($36,000) Street
JUNE
Improvement Bonds. Bidders may bid for both or
for either bonds. These bonds are authorized by
law as follows: the Sewer Bonds by proceedings in
the Quarter Sessions Court of Allegheny County,
Pennsylvania, bonded Indebtedness No. 9, December
Sessions 1901, and the Street Improvement Bonos,
same court, etc., at No. 10 March Sessions 1902. Both
bonds bear interest at the rate of four (4) per cent
per annum, payable and calculated in semi-annual
coupons, bonds maturing at the usual times and
years— purchasers to pay taxes, if any, on the bonds.
Tbe total issued bonded indebtedness, lncludlrjg the
above proposed bonds, will be $116,0 0, or 2*3869 per
oantum of the present taxable valuation of property
in the Borough of Swissvale, which is $4,899,805. Tbe
old valuation at time of authorization of the above
bonds was
$2,877,315.
No
btd for lass tban par can be received. Bids to
be marked "Proposals for Bonds" and addressed to
Robt. E. Reno, Chairman Plnance Committee, Swissvale, Pa.
ROBERT
H.
RENO.
Chairman Finance Committee.
JAS. O. HAYS, Borough Solicitor.
432
Diamond
Street, Pittsburgh, Pa.
H36 OOO
s
Borough of Haddonfield, N, J.
SEWER BONOS.
Sealed proposals will be received by the Council of
the Borough of Haddonfield. Camden County, New
Jersey, up to eight o'olock, 8ATDRAY EVENING,
JUNE 18, for the purchase of $86,000 of Sewer Bonds
bearing Interest at four per cent.
There will be 36 coupon bonds, with the privilege
of registration, of the denomination of $1,000, payable one each year from July 1, 1904, up to thirty
years, when tbe remainder will be paid.
Parties desiring to bid for said bonds will be required to deposit with the Borough Clerk a certified
check for $1,000, payable to Charles E. Magill, Borough Treasurer, as a guaranty of eood faltb, and
no bids will be received at less than par. The Bor-
ough reserves the right to reject any and
Particulars of the loan
ing
may
all bids.
be obtained by address-
ALLEN CLYMER,
Borough Clerk.
THE CHRONICLE.
2350
Discount.
Geo. Mlxter (*1 50 premium)
Eliot National Bank. Boston.
I
Blake Bros.
S-30<
...
333«
I
4
Co..
Boston
LorlnK.Tolman ATupper,
& Co., Davenport, t $20.0'>0 for i% bonds.
MacDonald. McCoy a Co.. Chicaso, 180.550 for 4<<« bonds.
iiv, + WO.tWO fur 5* ponds.
J. K. Thompson, Forest
Mason. Lewis A Co.. Chicago, I20.2P8 for i\t% bonds
Geo. M. Bpchtel
Discount.
3 46*
Boat.. Vut%
<
Watertown, N. Y.— Bond Pate.-Oi May 28 the $60,000 4i
Farmers' National Bank, untui*. i t'iO.'i'O for b% bords.
Fuller. Parsons A Snyder, Cleveland, 820.V0 for ihi% bonds.
John Nuveen A Co.. Chicago, $20,160 for 4H* bonds
Keasongood A Mayer. Cincinnati. • *20,1)!5 for 4H* bonds.
Squire & Annis, Council Bluffs, + $20,115 for 4*6* bonds.
U. M. Stoddard A Co Minneapolis. J20.OC0 for 4* bonds.
N. \V. Harris A Co.. CuIchko, |20,u00 for 4% bonds.
registered public-improvement bonds described in V. 78, p.
Co. New York City,
2033, were awarded to E. D. Shepard
at 107-19.
Waxahuchie, Texas.— Description of Bonds.— The $5,000
refunding and the $25,000 water-works bonds recently sold,
Co., Chicago, at 104-27
as stated last week, to N. W. Harris
Interest,
are in denomination of $500. dated May 1, 1904
semi-annual. Maturity, refunding bonds 30 years and water
bonds 40 years, both issues being subject to call after 10
Botn issues were
years. The sale was made on May 20.
registered by the 8tate Comptroller on May 24.
West Mansfield, Ohio.— Bond Sale.— This village on May
27 awarded an issue of $11,000 electric-light-plant bonds to
the New First National Bank of Columbus at 105.
West New York (N. .1.) School District— Bond Offering.—
Proposals will be received until 8 P. M., June 15, by Frank
Winkler, Clerk, for $50,000 5% coupon school bonds. Denomination, $1,000, Interest Jan. 1 and July 1. Maturity,
$2,000 yearly on Jan. 1 from 1906 to 1930, inclusive. Certified check for $1,000. payable to the Board of Education of
West New York, required.
&
»
,
.
&
• And accrued Interest.
+ And
blank bonds free of charge.
f Ornish
blank bonds.
*
Accrued interest and
All bids were based on bonds dated April 1, 1904, except
that cf N. W.Harris & Co., which was for bonds dated
M*v
1,
1904.
Woodsfldd, Ohio.— Bond Sale.-Oi May
31 the S14.490 55
6g strf-et-imorovement b">nds described in V. 78. p. 2083, were
awarded to Weil, Roth
Co., Cincinnati, for $914 premium
and accrued interest. Following are the bids :
Premium.
Prrmum.
Well, Roth A Co., Cincinnati.... 501* 00 W. R. Todd A Co., Cincinnati... $675 00
64>iB7
W.J. Hayes A sons. Cleveland. 820 00 Monroe Bank. Woodsfleld
625 00
6easoQ«ood A Mayer, Clncin... 736 95 New 1st Nat. Bk.. Columbus
725 00 First Nat. Bank. Barnesville
410 00
P. 8. BrlKKS A Co., Clncln.
&
.
Lamprecht Bros.
705 e6
Co.. Cleve
S.
A. Kean.Chlcaeo
3t2 86
—
Woonsocfeet, K. I. Bond Sate.— On June 2 this city awarded to Estabrook & Co. of Bo9ton $150,000 i% 25-year water
and $100,000 i% 20 year sewer conpon bonds at 102*55 and interest.
Denomination, $1,000. Date, Jnne 1, 1904. Interest,
semi-annual.
Wooster, Ohio. Bond Offering— Proposals will be received until 12 m., Jnne 11, by James B. Minier, City AudiDenomination,
tor, for $60,000 A.% coupon refunding bonds,
Date, Juiy 15, 1904. Interest, semi annually at the
$1,000.
Maturity, $6,000 in 1914
office of the sinking fund trustees.
and $6,003 yearly from 1916 to 1924, inclusive. Certified
check for 5j{ of bonds bid for, payable to the City Treasurer,
West Foiot (Neb.) School District.— Bonds Voted— On
May
11 this district, by a majority of 151 votes, authorized
the issuance of $8,000 school- building bonds.
Wheatland, t'al. —Bonds Voted.— On March 29 this town
voted to issue $20,000 5% coupon gold water-works bonds.
Denomination, $500. Interest semi-annually at office of the
Town Treasurer. Maturity, $500 yearly on July 1 from
1905 to 1944, inclusive. Authority, Act of State Legislature
which became a law Feb. 25, 1901.
White County (P. 0. Montieello) Ind.— Bonds Not Sold.—
are advised that the $44,083 35 (four issues) of 6^ ditch
bonds offered on May 18 were not sold, but tnat a deal is
now pending looking to the disposal of these bonds. See V.
78, p. 1926, for description of securities.
Winnebago County, Iowa.— Bond Bids.—The following
bids were received on April 30 for the $20,000 i% poor-house
bonds awarded, as stated several weeks ago, to Geo. M.
Bechtel
Co., at par, accrued interest and blank bonds
—
required.
We
&
[Vol. lxxviii.
York Township, Van Wert County, Ohio.— Bond Sale.—
31 the $30,000 4^£ "West York Road District" bonds
described in V. 78, p. 1927, were awarded to Seasongood &
Mayer, Cincinnati, at 102 588 and interest. Following are
On May
the bids
:
Seasoneood & Mayer, On.... ISO 76 4-J
30.711005
W. R.Todd ACo..Clnoin
G.H.Marsn
Lamprecht
:
30,650 00
Bros. Co.. Cleve.. 30,635 00
I
I
a Dltzer
$30,410 00
A Co., Toledo
Prov. 8av. B'k A Tr. Co.. Cin. 30.330 00
30.307 60
P. S. BriKKS A Co.. Clncin.
Well, Roth A Co.. Cincinnati. 80,5:60 00
.
.
.
INVESTMENTS.
INVESTMENTS.
INVESTMENTS.
Rudolph Kleybolte&Co.
NEW YORK CITY
BOND DEPARTMENT.
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THE AMERICAN TRUST
& SAVINGS BANK,
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1
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AND
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IL.L.6.
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MEMBERS
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stock
CERTIFICATES
Handsomely engraved, or
in cheaper style
(not cheap lookmp) partly printed from
type.
Send for samples and estimates.
100 Certificates *3 to *25. Seal Press *1 50. Quick Work.
Albert B. King & Co.,
Engravers and Lithographers,
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159 La Salle
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AND TOWNSHIP
CITY,
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Chicago.
BONDS.
New York
105 William Street
ISSJ.
95
BANKERS.
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ANNUAL.
1904
Issue.
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Price, $'1.00.
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