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TWO
SECTIONS—SECTIO NT ONE*
mmi LIBRARY^
UN1V. OF MiCti^
IUN 6 1910
INCLUDING
Quotation Section
Railway Earnings Section
Bank &
Railway & Industrial Section
Electric
Bankers’ Convention Section
State
Copyrighted in 1910 by WILLIAM B. Dana COMPANY,
Entered at N. Y. Post Office as second class
New York.
NO. 2345
ffitmtxjciax.
ginatxjcial.
TRUST
THE FARMERS’ LOAN &
COMPANY
Harvey Fisk & Sons
YORK
NEW
BANKERS
ForeignJExchange, Cable Transfers,
Letters of Credit, Payable through*
The Company
PHILADELPHIA, represented by
JAMES H. CHAPMAN. 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE,
218 La Salle St.
BOSTON. MASS., represented by
JOHN B. MOULTON, 35 Congress St.
Administrator.
In an
made
by Railroad and other Corporations, and
as Transfer Agent and Registrar of Stocks
and Bonds.
Receives deposits upon Certificates of
The National Park Bank
of New York
and allows
and lends money
bond and mortgage.
W1U act as Agent In the transaction of
any approved financial business.
Depositary for Legal Reserves of State
Manages Real Estate
on,
Banks and also for moneys
New York.
Fiscal Agent for States.
RICHARD DELAFIELD,
President,
Cities.
GILBERT G. THORNE.
JOHN O. MeKEON.
Vice-President.
Vice-President.
JOHN G. VAN CLEAF,
Vice-President.
16-22 WILLIAM STREET
475 FIFTH AVENUE
MAURICE H. EWER,
Cashier.
NEW YORK
WILLIAM O. JONES.
WILLIAM A. MAIN,
Asst. Cashier.
Asst. Cashier.
FRED’K O. FOXCROFT, Asst. CaSMer.
PARIS
Member, of Richmond and Baltimore
Exchanges.
139 BROADWAY
Ctf
N.W. HARRIS &
BANKERS
Organized 1856.
Counties and
LONDON
OF NEW YORK
Corner WRfiam
Pina Street,
Capital. . .
$3,000,000 00
Surplus and Profits ..... 10,290,367 80
Deposits March 29,1910 . . 106,778,260 53
of the City of
BANK
NATIONAL
INVESTMENT SECURITIES
and Is author¬
Deposit, or subject to check,
Interest on dally balances.
and
Municipal Bonds
is a legal depositary for
Trustee, Guardian, Receiver, and
other fiduciary capacities.
Aots as Trustee under Mortgages
THE LIBERTY
Railroad
Government,
out the world
moneys paid Into Court,
ised to act as Executor.
mail matter.
JUNE 4 1910.
NEW YORK,
VOL. 90.
Railway Section
and City Section
NEW YORK
35 Federal St., Boston
deposits subject to check
Interest on balances.
Act as fiscal agents for munici¬
palities and ooiporatlone. Issue
credit and deal In
letters
of
Receive
and
allow
bonds for investment
LIST ON APPLICATION
Stock
John L. Williams & Sons
Edward B. Smith & Co.
BANKERS
THE
Corner 9th and Main Streets
MECHANICS AND METALS
RICHMOND, VA.
NATIONAL BANK
Baltimore Correspondents:
MIDDENDORF, WILLIAMS A
CO.
BANKERS
INVESTMENT
SECURITIES
Members New York and Phlla.
Stock Exchanges
33 WaU Street
GARFIELD NATIONAL BANK
N. E. Cor. Broad &
Fifth Avenue Building
Corner 5th Ave. and]23rd
St.. New York.
President
ORIGINAL CHARTER 1829
JAMES McCUTCHEON. VIoe-Pres.
WILLIAM L. DOUGLASS, Cashier
ARTHUR W. SNOW, Asst. Cashier
Chase National Bank
Clearing House Building
Cap. & Surp., $12,028,362
A. B. HEPBURN.
A. H. Wiggin,
Philadelphia
Chestnut Sts.,
27 Pine Street. New York
Surplus, $1,000,000
Capital, $1,000,000
RUEL W. POOR,
$6,000,000
6,000.000
Capital,
Surplus,
THE
INVESTMENTS
Dep„ $106,703,942
President
V.-Pres. C. C. Slade, Asst. Cash.
MUNICIPAL, RAILROAD AND OTHER
S. H. Miller, V.-Pres.
E. A. Lee, Asst. Cashier.
H. M. Conkey, Cashier W. E. Purdy, Asst. Cash.
A. C. Andrews. Asst. Cashier
BONDS
328
GALLATIN
Ralston Welsh,
Francis
CHESTNUT STREET,
NATIONAL BANK
OF THE CITY
Capital
PHILADELPHIA
OF NEW YORK
-
...
(earned)
Surplus and Profits
-
$1,000,00$
2,450,000
OFFICERS
THEjIEQUIPMENT OF THE
FOURTH
NATIONAL
OFjTHE CITYIOF NEW YORK
-CORNERJNASSAU AND PINE
STREETS— IS ESPECIALLY
ARRANGED FORJHANDLING
*M ERCANTILEJACCOU NTS.'
The
BANK
Merchants National Bank
of
Capital,
Surplus,
SAMUEL WOOLVERTON. President
ADRIAN ISELIN JR.. Vloe-Presidsnt
GEORGE B. LEWIS, Cashier
HOWELL T. MANSON. Assist. Oashlst
Philadelphia
-
-
-
-
$1,000,000
$800,000
ACCOUNTS INVITED
DIRECTORS
Adrian Iselln Jr.
Frederic W. Stevens
0
Alexander H. Stevens
W. Emlen Roosevelt
Chas. A. Peabody
Samuel Woolvertoa
Charles H. Tweed
Thomas Denny
n
THE CHRONICLE
[VOL.
LXXXX
Xattfejevs a»ufl g*avatxs tf fmip g*cfejmepe.
J. P. MORGAN & CO. Maitland, Coppell & Co., Kidder,
DOMESTIC AND FOREIGN BANKERS
52 WILLIAM STREET
NEW YORK
Wall Street. Corner of Broad
NEW YORK
DREXEL & CO*
PHILADELPHIA
Comer of 5th and Chestnut Streets
MORGAN. GRENFELL & CO, LONDON
No. 22 Old Broad Street
MORGAN*
Bills of Exchange, Telegraphic
Letters of Credit
PARIS
Union
of
London
Messrs.
Deposits reoeived subject to Draft
Securities bought and sold on Commission
Interest allowed on Deposits
Foreign Exchange, Commercial Credits
Cable Transfers
Circular Letters for Travelers available In all parts
of the world
NEW YORK.
BOSTON.
59 Wall Street
LETTERS OF CREDIT
Cie., Paris,
Correspondents of
BARING
BROTHERS
Buy and sell Bills of Exchange
and make cable transfers
on
BROWN, SHIPLEY & CO.. LONDON
LTD.
LONDON
throughout the United States
J. & W.
August Belmont & Co.,
No. 23 NASSAU STREET.
Members New York Stock Exchange.
BANKERS
NEW
Issue
Messrs. ROTHSCHILD.
London. Paris and Vienna.
for Travelers,
TELEGRAPHIC TRANSFERS OF MONEY
Available in all parts of the world.
TO
EUROPE AND CALIFORNIA
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE. Cuba, and the
other West Indies, Mexico and California.
and
Letters of Credit
DRAW BILLS OF EXCHANGE AND MAKE
for Travelers
orders for the purchase
Bonds and Stocks.
YORK
Available in ail Parts of the World
ISSUE LETTERS OF CREDIT
Execute
Seligman & Co.,
Buy and Sell Investment Securities
Agents and Correspondents of the
all
points.
Issue Commercial and
f
If- Travelers’ Credits, available in
VJICUU an
parts of the world.
00.
&
TRAVELERS’ LETTERS OF CREDIT
sale
of
, •
—^
INVESTMENT SECURITIES.
Limited.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
OCCllITtlCS
rvf
Bank,
Banco Nacional de Mexico
And Its Branches.
_
*
STREET, NEW YORK
BANKERS
BANKERS,
ALEX. BROWN & SONS, BALTIMORE.
Connected by Private Wire.
Mems. N. Y., Phlla., Boston & Balt. Stock Exch’s.
Buy and sell first-class Investment Securities on com- I
nUPQtTn pnf
mission.
Receive accounts Ally V^otixiv^AXC
of Banks, Bankers, Corporao
tions, Firms and Individuals
on favorable terms.
Collect
drafts drawn abroad on all points in the United
States and Canada; and drafts drawn in the United
States on foreign countries, including South Africa.
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT.
Letters
Transfers,
STREET, B08T0N
FOREIGN EXCHANGE.
Smiths
Mallet Freres &
Available
Brown Brothers & Co.,
&
London.
81 Boulevard Haussmann
PHILA.
56 WALL
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
on
HARJES & CO*,
Peabody & Co.,
115 DEVONSHIRE
Graham, Vaughan & Co.,
Seligman Brothers, London
Seligman Freres & Cie., Paris
Alsberg, Goldberg & Co., Amsterdam
The Anglo and London-Paris National
Bank of San Francisco, Cal.
44 Pine Street, New York.
BANKERS
TAILER&CD
Mnumd&tito.
INVESTMENT SECURITIES
27 Pine Street, New York
BANKERS
MEMBERS NEW YORK STOCK EXCHANGE
Lawrence Turnure & Co.
INVESTMENT
Members of the New York Stock Exchange
Winslow, Lanier & Co.,
624 Fifth Ave.. N. Y.
507 Chestnut Street, Philadelphia.
Cables
Bankers
SECURITIES
BANKERS
31-33 Fine Street. New York
Letters
64-66 Wall Street, New York
Deposits received subject to draft. Interest al¬
lowed on deposits.
Securities bought and sold on
commission. Travelers’ credits, available through*
out the United States, Cuba, Puerto Rico,
Mexico,
Central America and Spain. Make collections in and
Issue drafts and cable transfers on above countries.
London Bankers:—London Joint-Stock Bank.
Limited.
Paris Bankers:—Heine & Co.
59 CEDAR STREET
“Mimpsa.”
of Credit and Travelers' Cheques,
available the world over.
Bills of
Exchange and Cable Transfers.
Deposits
reoeived subject to cheque
Interest allowed on deposits.
and
Members New York Stock Exchange.
Securities bought and sold
Act
as
on
commission.
Fiscal Agents.
Dealers in High-Grade Investment
Securities.
NEW YORK
NEW YORK
Produce
BANKERS
Deposit* Received Subject to Draft. Interest
Allowed on Deposits. Securities
Bought and Sold on
Commission.
Foreign Exchange.. Letters of Credit
Lists upon application.
Exchange Bank
BROADWAY. Corner BEAVER ST.
Capital
Surplus earned
-
•
-
-
$1,000,000
500,000
Foreign Exchange bought and sold. Cable
Trahsfers.
Commercial and Travelers’ Letters of
Credit available In all parts of the world.
Graham &Co.
BANKERS
485 Chestnut Street
ACCOUNTS INVITED
PHILADELPHIA
Kean.VanCortlandt & Co. HEIDELBACH, ICKELHEIMER & CO.
BANKERS.
BANKERS
STREET, NEW YORK
MEMBERS N. Y. STOCK EXCHANGE.
Execute orders for purchase and sale of
Transact
a
General
Foreign
and
Banking Business.
Foreign Exchange Bought and Sold.
Dealers in Investment Securities
Issue Commercial and Travelers’ Credits
available in all parts of the world.
John Munroe & Co.,
NEW YORK
BOSTON
Letters of Credit for Travelers
Commercial Credits.
Foreign
Cable Transfers.
Exchange.
MUNROE & 00.* Paris
Schulz & Ruckgaber,
BANKERS.
15 William Street,
Members New
-
York
-
-
Act
-
as
Financial Agents
Issue Foreign and Domestic Letters of
Credit and Travelers’ Cheques
Knauth, Nachod&Kiihn<
BANKERS
New York
Stock
Exchange.
Correspondents of Messrs.
Fruhllng & Goschen, London.
John
Municipal Bonds.
Railroads, Street
of established value.
Stocks and Bonds.
Domestic
and
of
Railways and Gas companies
37 William Street.
80 FINE
Government
Securities
Berenberg-Gossler
Marcuard, Meyer-Borel
& Co., Hamburg.
& Cie., Paris.
der Dresdner Bank,
Bremer Bank Flllale
Bremen.
Tisue Commercial & Travelers’
Credits,
Buy and Sell Bills of Exchange.
Cable Transfers & Investment Securities
NEW YOKE
LEIPSIG, GERMAN!
Members New York Stock
Exchange.
INVESTMENT
SECURITIES
THE CHRONICLE
June 4 1910.]
Ranker*.
Hatt&etts.
Millett.Roe & Hagen
Lee, Higginson&Co.
New York
I Bank
BANKERS
Wm. A. Read & Co.
BOSTON
33 Wall Street
New York
BANKERS.
Dealers In
Members New York, Chicago and Boston
HIGH-GRADE BONDS
Chicago
HIGGINSON
m
Stock Exchanges.
&, CO.
Members New York Stock
Buildings, Prince’s Street,
LONDON, E. C.
Investment Securities
Exchange
Boston, 15 Congress Street
25 NASSAU
STREET,
NEW YORK
Plympton,Gardmer&Co.
BOSTON
BALTIMORE
CHICAQO
N. W. HALSEY A
Members New York and Chicago
Stock Exchanges
BONDS FOR INVESTMENT
Interest Allowed on
Conservative Investments
LISTS ON
CO.,
Banker.
LONDON
Deposit Aooounts
Fiscal Agents for Cities and Corporations
REQUEST
27 William St., New York
232 La'Salle Street,
54 Old Broad Street,
LONDON, E. C.
CHICAGO
Rhoades&Company
40 Wall
Philadelphia
Street, NEW YORK
Chicago
San Franciece
BANKERS
45 WALL STREET, NEW YORK
George P. Butler & Bro.
35 Wall Street
Members N. Y. Stock Exchange
High-Grade Bonds
Trowbridge & Co.
State,
Municipal
and
NEW YORK
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
BANKEKS
Members New York Stock
Exchange
Members New York Stock Exchange; Execute
Commission Orders;
Deposits received subject to
draft.
Cor. of Wall and Broad Sts.. New York.
Letters of Credit and
Travelers* Checks
Bonds and Stocks
Available
for Investment
Throughout the World
HARTFORD—36 Pearl Street
NEW YORK
111
NEW HAVEN
Broadway
134 Orange St.
Issue Letters of Credit for Travelers, avalable in all parts of the world.
BANKERS
NEW YORE
Members of New York Stock Exchange.
Executes orders for purchase and
saleof Stocksand Bonds.
Blake Brothers & Co.
Exchange Place,
Buy
14 State Street,
NEW YORK
Sell
and
Foreign
Exchange.
Issue
NEW YORK CITY
Commercial and Travelers’
Letters of Credit
DEALERS IN
Securities
and Commercial
Investment
Members New York & Boston Stock Exchangee
Zimmermann & Forshay
Paper
BOISSEVAIN & CO.
Members New York Stock Exchange.
ment or on
Adolph Boissevain & Co..
Amsterdam, Holland.
TRANSACT
A GENERAL BANKING
STOCK EXCHANGE B USI NESS.
17 Broad Street
NEW YORK
Exchangee
74 State Street
BOSTON
King Street, West, Toronto, Ont.
Hospital Street, Montreal, Que.
10 Federal Life Bldg., Hamilton, Ont.
103 Banlgan Bldg., Provldenoe, R. I.
Private wires
connecting ail offices
Wollenberger & Co.
Specialists in
Foreign Government Bonds
206 La Salle Street
-
CHICAGO
-
BANKERS
Corporation and Collateral Loans
Commercial Paper
also
INVESTMENT SECURITIES
Members New York Stock Exchange
and Boston Stock Exchange.
34 LaSalle St.
CHICAGO
margin.
BIRD S. COLER
LEONARD H. HOLB
Foreign Exchange Bought and Sold
W. N. COLER & CO.
Letters of Credit Issued
BANKERS
AND
BOND & GOODWIN
Stock
Orders executed for stocks and bonds for Invest¬
Members New York Stook Exchange.
BOSTON
Boston
Correspondence Invited.
9 and 11 Wall Street. New York.
BROAD STREET.
Ill Broadway
NEW YORK
York and
BANKERS
BANKERS
•5 Congress St.
New
4
COMMERCIAL PAPER
INVESTMENT SECURITIES
NEW YORK.
Head & Co.
Members of
Available In all parts of the world.
and other MUNICIPAL BONDS
24
Charles
20
CABLE ADDRESS “COLDNESS.”
BOSTON
Dealers In
Draw Bills of Exchange and make Cable
Transfers to Europe, Asia, Australia, tho
West Indies, Central and South America and
Mexico.
Goldman, Sachs & Co.
60 WALL STREET,
50
H. B. HOLLINS & CO,
Cable
Transfers
to
all
Parts
of
the
World.
43 CEDAR
ST., NEW YORK
INVESTMENTS
CRAMP, MITCHELL & SHOBER
BANKERS
1411 Chestnut St.
BANKERS
Philadelphia
Members New York and Phila. Stock
Shoemaker, Bates & Co.
Exchangee
Investment, Securities
fNew York Stock Exchange
Members! New York Cotton Exchange
l Chicago Stock Exchange
INVESTMENT
SECURITIES
37-43 Wall Street,
New York
Waldorf-Astoria and 500 Fifth Avo., New Y*fc
Real Estate Tr. Bldg., Phila.
,
THE CHRONICLE
IT
[VOL. LX XXX.
SmStttt.
gtfVietgtt.
MONTREAL
DEUTSCHE BANK The Union Discount Co. BANK OF
(Established 1817)
BERLIN. W.
of London, Limited
CAPITAL paid in - - $14,400,000 00
Behrenstrasse 9 to IS.
39 CORNHILL.
REST
Telegraphic Address, Udisco, London.
CAPITAL
H7.919.000
Capital Subscribed
Paid-Up...
$25,172,895
Reserve Fond
M. 200.000.000.
RESERVE
UNDIVIDED
$7,500,000
3,750,000
2,800,000
M. 105,720,184.
$5=£1 STERLING.
Dividends paid during last ten years:
11. 11. 11. 11, 12. 12. 12. 12. 12. 12 Vi per oent
NOTICE IS HEREBY
GIVEN that the
RATES OF INTEREST allowed for money on
Branches:
BREMEN. DRESDEN, FRANKFORT-O-M.,
HAMBURG,
LEIPSIO.
MUNICH.
NUREMBURG. AUGSBURG,
f
WIESBADEN,
BRUSSELS, CONSTANTINOPLE
and the
Deutsche Bank
(Berlin) London Agency
4 George Yard, Lombard St.J
LONDON, E. 0.
deposit are as follows:
At Call. 2 H Per Cent.
At 8 to 7 Days' Notice, 2 H Per Cent.
Buy and sell Sterling and Continental Exchange
The London City &
Midland Bank, Limited,
With Branches In all the Principal Cities and
Towns of England and Wales.
Telegraphic Address: Cinnabar, London.
($7,148,000)
ESTABLISHED 1836
($5,857,000)
SUBSCRIBED CAPITAL, $95,741,700
PAID-UP CAPITAL, - - 19,946,187
RESERVE FUND,
17,951,668
M. 22,500,000.
-
($1,625,000)
M.
6,827,000.
HEAD OFFICE
Eanonlerstrasse 20 to 30.
throughout the Dominion of Canada.
London Office. No. 46 & 47 Threadneedle St.
F. W. TAYLOR, Manager.
Merchants’ Bank of Canada
HEAD OFFICE MONTREAL
CAPITAL
$6,000,000
Rest and Undivided Profits—
4,602,157
NEW YORK OFFICE, 63 and 65 Wall St.
148 branches in the Provinces of Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and British
Columbia. Good facilities for effecting prompt col¬
lections in Canada. Buy and sell Sterling Exchange
and Cable Transfers. Issue Commercial and Trav¬
elers' Credits available In any part of the world.
London
Agents—Royal
MUNICIPAL AND CORPORATION
--
WOOD, GUNDY & CO.
Berliner
Santiago, Temuoo, Valdivia, Valparaiso.
PBRU: Arequlpa, Callao, Lima, Trujillo.
Handel8-Gesellschaft,
Montevideo.
SPAIN} i Barcelona,. Madrid.
TORONTO
CANADA
BERLIN, W„ 64
Bills sent for collection, negotiated or
advanced upon.
Drafts, cable-transfers and letters
of credit Issued.
Behrenstrasse 32-33 and Franzoslsche-Strasse 42
Telegraphic Address—Handelschaft, Berlin
London Agents
DEUTSCHE BANK (BERLIN) LONDON AG’Y
GBORGE Y’D, LOMBARD ST.. LONDON. E.O.
W. GRAHAM BROWNE & GO.
MONTREAL
ESTABLISHED 1856
-
Disconto-Gesellschaft,
Capital,
ESTABLISHED 1851
-
Reserve,
-
-
-
-
-
-
-
M. 34,600,000
Swiss Bankverein
Schweizerischer Bankverein
53 Cornhill.
Bankverein
$40,476,200
Agencies at Rorschach, Chlasso and Herlsau
M. 170,000,000.
$14,307,764
LONDON OFFICE, 43
60,092,611.
of the following partners:
E. RUSSELL,Tg®
F. URBIG,
PAULO,
SANTOS, PORTO ALEGRE, BAHIA.
Bank fur Chile und
Deutschland
-M. 10,000,000 00
HAMBURG, WITH BRANCHES IN CHILE
(BANCO DE CHILE Y ALEMANIA), ANTOFA¬
GASTA, CONCEPCION, SANTIAGO, TEMUCO,
VALDIVIA, VALPARAISO, VICTORIA; AND
IN
BOLIVIA (BANCO DE CHILE Y ALESECCION BOLIVIAN A), LA PAZ
ANDiORURO. K ' M
MANIA,
LONDON AGENTS:
Capital paid
Surplus
BANKING CORPORATION
Lothbury, E. C.
.$15,000,000
Gold...$15,000,0001
30.500.000
Un Silver.. 15,500,000/
Reserve Liabilities of Proprietors
15,000,000
GRANT DRAFTS. ISSUE LETTERS OF
CREDIT.
Frs.62,800,000
CHINA. JAPAN. PHILIPPINES. STRAITSJSETTLEMENTS. INDIA,
Reserve Fundi In
up,
.
Frs. 16,330,000
NEGOTIATE OR COLLECT BILLS PAYABLE IN
WADE
GARD'NER,
Agent. 36 Wall
St.
eDERlDlSCONTO-GESELL~
tSCHAFT, 53,lCORNHILL,|E.|C( %
35
Wiener Bank Verein
-
The
National Discount
Company, Limited
M. 10,000,000 00
Head office: HAMBURG.
RIO DE JANEIRO. SAO
DIRECTION
Hong Kong & Shanghai
&si
Brasilianische Bank
fUr Deutschland
CAPITAL-
Tel. Address, Voco.
Codes: Hartfleld’s Wall St., W. U. & Lleber.
Paid-up Capital (Hong Kong Currency)
With the unlimited personal liability
Branches:
Europe
Suisse
Basle, Zurich, St Gall, Geneva
CAPITAL
HAGUE, HOLLAND
Place American Investments in
LONDON, E. C„
A. SCHOELLER,
M. SCHINCKEL,
Dl. A. SALOMONSOHN.
VAN OSS A CO.
THE
POTSDAM, WIESBADEN.
M.
ffoveigts.
M.110,000,000
BERLIN W. 43-44 Behrenstrasse
BREMEN. FRANKFORT-o-M.. MAINE,
HOCHST-o-M.. HOMBURG v. d. H„
RESERVE
Sold and Appraised
Banking Transactions of Every Description
Direction der
-
CANADA
-
Cmdian Bond, Bought,
CAPITAL, fully paid,
Bank of Scotland.
Canadian Bonds
Branches:
ARGENTINA: Bahla-Blanca. Buenos Aires,
Cordoba, Tucuman.
BOLIVIA: La Pas. Oruro.
OH I LI: Antofagasta, Concepcion, Iquique.Osomo,
URUGUAY:
grant Commercial and Trav¬
elers’ Credits, available In any part of the world:
Issue drafts on and make collections In Chicago and
cf* L*CROOK A lL,}Agents.
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
BERLIN
.
R. Y. HEBDEN,
1
W. A. BOG.
lAgenta.
J. T. MOLINEUX.J
and Gable Transfers;
M. 80.000,000.
RESERVE FUND
YORK OFFICE,
No. 64 WALL STREET
de¬
posit at rates advertised from time to time, and
grants loans on approved negotiable securities.
CHRISTOPHER R. NUGENT. Manager.
(Deutsche Ueberseelsehe Bank.)
;
_
HEAD OFFICE
BANCO ALEMAN TRANSATLANTIC!)
PAID-UP CAPITAL.
Head Office—Montreal
and
5 Threadneedle Street. London, England.
SUBSCRIBED CAPITAL
12,000,000 00
681,561 44
Rt. Hon. Lord Strathcona and Mount Royal,
G. C. M. G.. G. C. V. O.—Honorary President.
Hon. Sir George Drummond,
K. C. M. G., C. V. O.—President
Sir Edw. Clouston, Bart.—V.-Pres. A Gen Mgr.
NEW
The Company discounts approved bank
mercantile acceptances, receives money on
PROFITS,
CORNHILL,
-
-
-
LONDON. E. C.
Cable Address—Natdls: London.
Subscribed Capital
Paid-up Capital
Reserve Fund
$21,166,625
4,233,325
2,150 000
($5=£1 STERLING.)
HEREBY GIVEN that the
RATES OF INTEREST allowed for
money on
deposit are as follows:
NOTICE
IS
At Call, 2H Per Cent Per Annum.
At 3 to 7 or 14 Days’ Notice, 2 M Per Cent.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised
tune to time ana for fixed periods upon
specially agreed terms.
Logns granted on approved negotiable securities.
from
PHILIP HAROLD WADE. Manager.
ESTABLISHED 1869
CAPITAL (fully paid)
-
326,342,000
-
(130,000,000 crowns)
RESERVE FUNDS
-
-
-
(39,000,000 crowns)
37,900,000
■
HEAD OFFICE VIENNA (AUSTRIA
Branches in Austria-Hungary
,||J£
Agram, Aussig a-E., Bielitz-Biela,
Brunn, Budapest, Carlsbad ^Czernowitz, Friedek-MistekJGraz, Innsbruck,
Klagenfurt, Krakau, Lemberg, Marienbad, Meran, Pilsen, Prag, Przemysl,
Prossnitz, St. Polten, Tarnow, Teplitz,
Teschen, Villach, Wr. Neustadt
Branch in Turkey
Constantinople
June 4
T
THE CHRONICLE
1910.]
ffantuevs.
® ana d. tan.
THE CANADIAN BANK
OF COMMERCE
HEAD
OFFICE. TORONTO
$10,000,000
6.000.000
PAID-UP CAPITAL
SURPLUS
NEW YORK OFFICE:
Nos.
Wm.
16 AND 18 EXCHANGE
Gray and C. D. Mackintosh,
Mackay & Co.,
Edward Sweet & Co.
BANKERS
PLACE
Agents
Members N. Y. Stock
Buy and Sell Sterling and Continental Ex¬
change and Cable Transfers. Commercial and
Traveler's Credits. Collections made at all points.
Banking and Exchange business of every
scription transacted with Canada.
Exchange
Bankers & Brokers
de¬
34
Lombard Street, E.C.
BANKERS IN GREAT BRITAIN.
The Bank of England,
The Bank of Scotland.
Lloyd’s Bank, Limited,
Union of London and Smith's Bank. Limited.
Members of the New York
Stock Exchange. Dealers in
High-Grade Bonds and other
Investment Securities. In¬
terest allowed on deposits.
PINE STREET
LONDON OFFICE—2
NEW YORK
City Bank Building
55 Wall Street
National
ESTABLISHED 1854
The Bank of
British North America
Established In 1836
Incorporated by Royal Charter in 1840
11,000,000 Sterling
500.000 Sterling
Paid-up CapitalReserve Fund
Head Office:
5 Gracechurch Street, London,
ESTABROOK & CO.
WE FINANCE
BANKERS
Light, Power and Street
Railway Enterprises with records
of established earnings
Members New York and Boston
Stock Exchanges
E.C.
New York Office: 52 Wall Street.
H. M. J. McMICHAEL.lAgents.
W. T. OLIVER.
J
Buy and sell Sterling and Continental
INVESTMENT SECURITIES
Exchange
and Cable Transfers.
Grant Commercial and
Travelers' Credits, available to any part of the
World.
Issue Drafts on and make Collections
IB all parts of the United States and Canada.
15 State Street,
5
24 Broad Street,
C. Meredith & Co., Limited
Electric
BOSTON
-
NEW YORK
W. E. STAVERT,
Vice-President.
G. W. FARRELL, Secretary-Treasurer.
A. H. B.
MACKENZIE. Manager.
DIRECTORS:
ALFRED BAUMGARTEN C. R. HOSMER
Capt. D. C. NEWTON (Montreal)
C. B. GORDON
Proven
and Investment Dealers
Public Utility Securities
Correspondence Solicited
ELECTRIC BOND & SHARE CO.
Bond Brokers ami Fraascial Agents
CHAS. MEREDITH,
President.
Bankers
CHICAGO
BALTIMORE
HARTFORD
WE OFFER
R.
L. DAY & CO.
37 Wall St
35 Congress St
NEW YORK
BOSTON
(Paid-Up Capital and Surplus, $4.900,BN)
71 BROADWAY. NEW YORK
HIGH - GRADE INVESTMENT BONDS
BIGELOW & COMPANY
Municipal and Railroad
BANKERS
Members New York and
Boston Stock Exchanges
Investment Securities
H. ROBERTSON
MONTREAL
New York
49 Wall Street
Canadian
Investment Securities
Interest Allowed on Deposits
Tucker, Anthony & Co.
CORRESPONDENCE SOLICITED
DOMINION SECURITIES
CORPORATION, LIMITED
94 BROAD STn
NEW TOBM.
S3 STATE ST.,
BOSTON
NOBW1CH
NEW BEDFOBD
London, Eng.
Montreal
Toronto
BANKERS & BROKERS
Members Boston and New
Exchanges.
York Stock
BERTRON, GRISCOM & JENKS
BANKERS
40 Wall Straat,
NEW YORK,
Land Title Building.
PHILADELPHIA.
INVESTMENT SECURITIES
H. AMY & CO.
THE
HUNT &
INVESTMENT TRUST CO.
CUSHMAN
BANKERS,
44 and 46 Wall Street,
Investment Securities
LIMITED
Bills of Exchange.
Trustees-Transfer
35 Congress
Agents
Alfred Mestre&Co,
Corporation Bonds
P. J.
GOODHART &, CO.
57 BROADWAY
NEW YORK
-
Telephone 2240 Rector
S26 Walnut St.
D. H. Schmidt & Co.
New York
Members
Railroad, Street Ry., Gas A Bee. Light
Cincinnati
Bank and Trust Co. Stocks
HODENPYL, WALBRIDGE & CO.
7 Wall St.,
BANKERS
Bankers
CANADA
MONTREAL
Letters of Credit.
BOSTON
St.,
BOND DEPARTMENT
Canadian
New York.
INVESTMENT SECURITIES
New York Stock Exchange.
Investment Seourltlea
SECURITIES
27
WILLIAM
STREETi
NEW YORK.
Members of the New York
Stock Exchange.
Dealers
Municipal, Railroad and
Equipment Bonds.
Interest allowed on deposits
Subject to Draft.
in
37 Wall St.
NEW YORE
130 S. 15th St.
PHILADELPHIA
▼I
THE CHRONICLE
ku& grolurs outside
[Yol.
Hew ^axh.
PITTSBURGH.
LOUISVILLE.
PITTSBURGH SECURITIES
J. J. B. HILLIARD & SON
PORTLAND, ORE.
MORRIS BROTHERS
LOUISVILLE. KY.
ROBINSON
Men were New York and
INVESTMENT BONDS
STREET RAILWAY SECURITIES
A Specialty
Correspondents: WALKER BROS., 71 B’way. N. Y.
Pittsburgh
Stock Exchanges
PITTSBURGH, PA
ESTABLISHED 1863
We Buy and Sell
BONDS
SAN FRANCISCO.
LOUISVILLE, KY
J. S. & W.S. KUHN
J. C. WILSON
(New York Stock
NASHVILLE.
Incorporated
Pittsburgh, Pa.
HENRY S. FRAZER
Local Stocks and Bonds
L. L. M’CIelland,
Sec. & Treas.
PAID-UP CAPITAL. $500,000
INVESTMENT SECURITIES
Exchange.
MEMBERS Chicago Board of Trade.
IStock and Bond Exchange, S. F.
Private Wire to Chicago and New York.
SAN FRANCISCO
LOS ANGELES
Branch, Coronado Hotel, Coronado Beach.
Correspondents,
Harris, Winthrop & Co.. New York & Chicago.
CHILDS & CHILDS
THOS. PLATER & CO.
Members
New York and Pittsburgh Stock
Exchanges
and Chicago Board of Trade
INVESTMENT
Municipal and Corporation
STOCKS AND BONDS
INVESTMENT SECURITIES
(NO STOCKS)
James S. Kuhn.
President.
PHILADELPHIA
PACIFIC COAST SECURITIES A SPECIALTY
John W. & D. S. Green
INVESTMENT BONDS
of
PORTLAND
BANKERS AND BROKERS
BROS.,
lxxxx
Bankers and Brokers
STOCKS AND BONDS
SECURITIES.
NASHVILLE.
BARROLL & CO.
TENN.
Union Bank Building.
BONDS
AUGUSTA.
PITTSBURGH, PA.
Merchants’Exch. Bldg.
H. W Heilman Bldg..
Los Angeles.
Lumbermen’s Bldg., Portland
San Francisco.
H. P.
JOHN W. DICKEY
Taylor & Company
PITTSBURGH
BROKER
NEW YORE
and
168 Fourth Ave.
AUGUSTA. GA
Singer Bldg.
Southern
INVESTMENT SECURITIES
Securities
Wakefield, Garthwaite & Co.
PACIFIC COAST SECURITIES
We
WANTED
PHILADELPHIA.
W. Q. HOPPER,
H. &. HOPPER.
Members of Philadelphia Stock Exchange.
and Stocks
Wm. G. Hopper & Co.
WILLIAM
STOCK AND BOND BROKERS
28 South Third Street,
PHILADELPHIA
Philadelphia.
James H. Adams & Co.
ATLANTA.
CALIFORNIA BONDS
MUNICIPAL AND PUBLIC SERVICE
CORPORATION
ATLANTA, GEORGIA
Specialists in
INACTIVE SECURITIES
421 Chestnut St., Philadelphia. Pa.
Land Title Bldg.
PHILADELPHIA
Members Los Angeles Stock
Exchange
433-434-435-436-437 SECURITY BUILD1N0
Nevada-California Power Co.
Established 1892.
JAMES N. WRIGHT & CO.
BANKERS AND BROKERS
DENVER, COLO.
NORFOLK, VA.
CALVIN BULLOCK
BIRMINGHAM, ALA.
DENVER
Otto Marx & Co.
BIRMINGHAM. ALABAMA.
STOCKS AND BONDS
INVESTMENT BONDS
SOUTHERN SECURITIES
OFFICES:
1
PROVIDENCE.
BIRMINGHAM,
ALABAMA
Richardson & Clark
JNO. L. NORTON
-
-
Established 1887
Municipal and Corporation Bonds
TO YIELD
86
'>
Exchange Street, Providence, R. I.
Bonds, Stocks
and
Local Securities.
Private wires to Boston,
TENN. and New York
4% TO 6%
Descriptive Circulars
on
Request
LOS ANGELES
PASADENA
FIELDING J. STILSON CO.
INVESTMENT SECURITIES
MEMBERS
LOS
ANGELES STOCK EXCHANGE
LOS ANGELES.
SEATTLE.
Members Baltimore Stock Exchange
MEYER & GOLDMAN
CITY TRAMWAY
BONDS
COLSTON, BOYCE & CO
STOCKS AND BONDS
Local Stocks and Bonds.
86 Madison Avenue,
WILLIAM R. STAATS CO.
BALTIMORE
BANKERS AND BROKERS
MEMPHIS,
LOS ANGELES
bonds & stock
Denver & N. W. Ry. 5s and stock
State of Colorado 3s
Denver Gas & Electric 5s
Denver Union Waterjis
MOTTU & CO.
purchase and sale of
MUNICIPAL BONDS
DENVER, COL
NORFOLK, VA.
MONTGOMERY,!
Joseph Ball Company
Orders executed for the
ATLANTA,GEORGIA
BONDS
of
Correspondence Invited.
LOS ANGELES. CAL.
BONDS AND STOCKS
HILLYER INVESTMENT CO.
CO.
a higher rate of interest than
bonds
same merit issued in the East.
WE OWN AND OFFER
Yielding 4X% and upwards
A,
the
THE ROBINSON-HUMPHREY CO.
HUNTOON
E. B. JONES
They yield
YIELDING 4^%T0 5^%
f PHILADELPIA STOCK EXCHANGE
EMBERS( NEW YORK STOCK EXCHANGE
l CHICAGO BOARD.OF TRADE
A,
LOS ANGELES.
BUSH
SOUTHERN
MUNICIPAL BONDS
&. co.
Chestnut and Third Sts..
REED
E.
AUGUSTA, GA.
Investments receive our special attention.
In¬
formation cheerfully furnished
Hoarding present
holdings or proposed Investments.
J. w. sparks
SAN FRANCISCO
Member The .Stock and Bond Exchange
Offerings of Southern Bonds
.
Invite Requests for Information
1st Nat. Bank Bldg..
Philadelphia
GEORGE H. TILDEN &. CO.
MUNICIPAL AND CORPORATION BONDS
4^ to 6%
We have bonds which
ington, may be used by
are tax-exempt In Wash¬
Washington banks to se¬
City or State Deposits netting
SIX PER CENT.
Such bonds of the Paolllo
Northwest earn a high rate, and are suitable
for
Eastern banks, trustees and
private investors.
cure
County,
S. C. OSBORN & CO.
Arctic Club Bldg., SEATTLE
STOCKS, BONDS, GRAIN, COTTON
Travelers may have orders executed with
their
own brokers over our wires n 1
to 2 minutes
Day and Night Safe Deposit Vault in
nection that
s
never closed
con¬
June 4
yh
THE CHRONICLE
1910.]
outside fjewr IJjorek.
ISaufee** and
ST. LOUIS.
CLEVELAND.
CHICAGO.
FRED. S. BORTON
T. E. BORTON
R. C. ENWRIGHT
GREENEBAUM SONS
BANKERS
High-Grade Investment Securities.
and Bonds for sale.
of Credit for travelers, available In
Chicago First Mortgages
Issue Letters
BORTON
&
INVESTMENT SECURITIES
Randolph Streets Chicago.
Corner Clark and
BORTON
parts of the World.
and Foreign Banking Business
Correspondence Solicited.
all
LISTED AND UNLISTED
STOCKS AND BONDS
OF CLEVELAND AND NORTHERN OHIO
A. G. EDWARDS &SONS
1 WALL ST.
MEMBERS CLEVELAND STOCK EXCHANGE
GUABDIAN BUILDING
In St. Louis at 410 Olive St.
A General Domestic
Hayden, Miller & Co.
WANTED
F. Harris & Co.
Sanford
INVESTMENT SECURITIES
Investment Bonds
ROOKERY
THE
CHICAGO
A. O.
Slaughter & Co.,
CHICAGO,
Dealers In
CINCINNATI
CHICAGO
Allerton, Greene & King
THE ROOKERY. CH1CAOO
RAILROAD, MUNICIPAL AND
CORPORATION BONDS
The Short, Stanton, Worthington Co.
(Successor to Short, Stanton & Co.)
HIGH-GRADE
BOUGHT AND SOLD
Union Trust Building,
(INCORPORATED.)
FRIEDLANDER
S. W. Cor. Monroe & La Salle Sts.,
Chicago.
KANSAS CITY. MO.
McCRUM
H.
DEALER IN
Cincinnati Securities
SAINT PAUL
William R.
MUNICIPAL
CIRCULARS AND UST ON APPLICATION
Stevens, Chapman & Co.
ALBERT P. MILLER Jr.
INDUSTRIAL TRUST CO. BUILDING
PROVIDENCE, R. I.
Local Securities
(Rochester Stock Exchange,
(Chicago Board of Trade.
MINNEAPOLIS.
Saving* Batik Bldg., St. Paul
PROVIDENCE.
(New York Stock Exchange.
SOS LaSalle I*.
OBIOAQO ;
DEALT nr
State
100 Powers Building
Compton Co.
Mehta .-Laclede Bldg.
ST. LOUIS
£a(wia ZlJAtie. & Gk
BONBRIGHT & HIBBARD
ST. LOUIS
•
City of St. Paul
Twin City Telephone Co. 1st 5s
ROCHESTER. N. Y.
Members:
300 XT. FOUBTH ST.
and other
HIGH-CLASS BONDS
Correspondence Invited on
all Northwestern Securities
Issues.
WIRES TO
MARKETS
Minnesota Transfer Ry. 5s, 1916
St. Paul Gas Light Co. 5s. 1944
' KANSAS CITY, MO
Kansas City Ry. & Light
Western Municipals.
Local Securities.
PRINCIPAL
Twin City Rapid Transit 5s, 1928
INVESTMENT CO.
*
OHIO
CINCINNATI.
COMMERCIAL PAPER
Special Attention to St. Louis Securities
CINCINNATI
Application
A. G. Becker & Co.,
Investment Securities
PRIVATE
Municipal and Corporation Bonds
EDGAR
W.
WHITAKER & CO.
for Investment
New York Produce Exchange.
Chicago Stock Exchange.
Chicago Board of Trade,
St. Louis Merchants’ Exchange.
on
WEIL, ROTH & CO.
High-Grade Bonds
ILL.
New York Stock Exchange.
New York Cotton Exchange.
New York Coffee Exchange.
IAti
6s, 1924
First Mortgage
CINCINNATI.
BANKERS & BROKERS
189 MONROE STREET.
Members:
MISSISSIPPI GLASS
CLEVELAND. OHIO
Citizens’ Building,
.
BONDS
MINNEAPOLIS—ST. PAUL
M. St. P. & S. Ste. Marie 4s
Duluth Missabe & Northern 5s
South Dakota Central 5s
Minnesota & Ontario Power 6s
Gas, Electric Lighting & Railway WELLS & DICKEY &
Bonds and Stocks
SPECIALISTS ROCHESTER SECURITIES
MINNEAPOLIS. MINN.
MUNICIPAL
Dally Lists Mailed on Application.
50%
BODELL & CO.
JOHN
Stock Bonus
fer
A.
particulars
206 TO 209
Y.
BUFFALO.
OMAHA, NEB.
BANIGAN BUILDING
PROVIDENCE
BURGESS
Member Rochester Stock Exchange
104-105 Wilder Bldg. ROCHESTER N.
BONDS
Rapid Transit System Bonds
Minneapolis National Bank Stocks
Twin City
High Class 6% Bonds
Write
& CORPORATION
CO.
SAMUEL BURNS JR.
INVESTMENT SECURITIES
Bonds and
Preferred Stocks
of Proven Value.
JOHN T. STEELE
Omaha & Council Bluffs St. Ry.
Omaha Water Company
Nebraska Telephone Company
NEBRASKA
OMAHA
fghumcisl.
BUFFALO, N. Y.
INDIANAPOLIS.
Government, Municipal
and Corporation Bonds
Joseph T. Elliott & Sons
NATIONAL LIGHT,
Investment Securities
HEAT & POWER COMPANY
SPECIALISTS IN
Buffalo and Western New York Securities
'Members
Indianapolis
American Nat. Bank Bldg..
Stock
Exchange
INDIANAPOLJi
ALBANY, N.Y.
PETER J. CALLAN
INVESTMENT BANKER
Local, Listed and Unlisted
STOCKS AND BONDS
REAL ESTATE
NEWTON TODD
I WILL BUY AND SELL
INDIANA TRACTION SECURITIES
Fletcher Bank Bid...
gubondsd
a" ■—
A. H. Bickmore & Co.,
BANKERS
INDIANAPOLIS 30 Pine Street,
New York
▼Ill
THE CHRONICLE
[Vox*.
IfinKtt/cial.
UlttRttJCtaX.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
New York. January 2If
1910.
The Trustee». in conformity with the Charter
of the Company, submit the following statement 0 Its affairs
on the 31tf of December, 1909.
Premiums on Marine Risks from 1st January. 1909, to 31st December, 1909..
$*,*59,391 21
Premiums on Policies not marked oil 1st January, 1909
717,712 70
Total Marine Premiums..
Premiums marked off from 1st January. 1909, to 31st December. 1909
Interest received during the year
Rent less Taxes and Expenses
and
were
Less
$249,891 07
235,520 48
Estimated Losses and Losses Un¬
$5,461,042 00
Special deposits In
Banks ATrustCos. 1,000,000 00
Real Estate cor. Wall & Willi am Sts.,
4b Exchange Place.$4,299,426 04
Other Real Estate A
claims due the com¬
pany
75,000 00 4,374,426 04
settled
,•
Premiums on Unterminated Risks.
Certificates of Profits and Interest
1,213,069 68
$2,393,297
Unpaid
Premiums
.v_
Profits
.....
ff
22,353 49
Outstand¬
ing
Real Estate Reserve Fund....
a
Specialty.
Cable Address—Baneonae
7,404.890 00
370,00999
A. B. Leach & Co.,
239,948 04
633,405 13
$12,921,890 89
8S8
263,46$ 95
120.569 42
Certificates of Profits Ordered Re¬
deemed, Withheld for Unpaid
of
26,700,000
5,300,000
Sole Depositary for the Funds of the RepubUcflof
Cuba
Member American Bankers’ Association
685.546 90
Return Premiums Unpaid
Certificates
Premium notes and Bills Receivable
Cash in the hands of European
Bankers to pay losses under poli¬
cies payable In foreign countries.
Cash in Bank
Aggregating
Collections
LIABILITIES.
__
-
-
HEAD OFFICE—HAVANA
$356,913 94
United States 4e State of New York
Stock, City, Bank and other Se¬
curities
$60,285 14
compensation, stationery,
.
ASSETS.
-
PRODUCE EXCHANGE, HAVANA
CARDENAS.
MATANZAS,
CIENFUEGOS,
SANTIAGO,
MANZANILLO.
CAIBARIEN.
SAGUA LA GRANDB.
GUANTANAMO.
SANTA CLARA.
CAMAGUEY,
v / r
PINAR DEL RIO.
SANCTI SPIRITUS.
CAMAJUANI.
CRUCES,
CIEGO DE AVILA,
HOLGUIN.
NEW YORK AGENCY—1 WALL ST.
485,411 55
Returns of Premiums
and clerks’
-
Branches
$1,493,426 20
Expenses, Including officers' salaries
newspapers, advertisements, etc
Assets
Cash in Vaults
} $6,100,000
-
84 GALIANO ST., HAVANA.
226 MONTE ST., HAVANA.
$829,378 19
1,149,459 56 $1,978,837 75
Salvages
Undivided Profits
$467,726 28
estimated In 1908
Re-insuittnoes
Capital, Surplus and
$$,791,557 05
$322,046 46
145,679 82
paid during the year which
previous years
NATIONAL BANK
OF CUBA
.$4,477.10$ 95
...
Losses occurred, estimated and paid In 1909
liXXXX.
BANKERS
Aggregating
.......
149
$11,260,125 76
A dividend of Interest of Six per cent on the
outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and
after
The outstanding certificates of the issue of 1904 will be Tuesday the first of February next.
redeemed and paid to the holders
or their legal
representatives, on and after Tuesday the first of February next, from which thereof,
date ali
interest thereon will cease.
The certificates to be produced at the time of
payment and canceled.
A dividend of Forty per cent If declared on the net
earned premiums of the Company for the
year
ending 31st December, 1909, which are entitled to participate in
dividend, for which, upon appli¬
cation, certificates will be Issued on and after
Tuesday the third of May next.
Broadway, NEW YORK
140 Dearborn Street, CHICAGO
28 State Street, BOSTON
By order of the Board.
FRANCIS M. BACON.
WALDRON P. BROWN.
VERNON H. BROWN.
JOHN N. BEACH.
JOHN CLAFLIN.
GEORGE C. CLARE.
CLEVELAND H. DODGE.
CORNELIUS ELDERT,
RICHARD H. EWART.
PHILIP A. S. FRANKLIN.
HERBERT L. GRIGGS,
Q. STANTON FLOYD-JONES. Secratary
TRUSTEES.
CLEMENT A. GRISCOM.
DALLAS B. PRATT.
ANSON W. HARD.
GEORGE W. QUINTARD,
LEWIS CASS LED YARD,
A. A. RAVEN.
CHARLES D. LEVERICH,
JOHN J. RIKER.
LEANDER N. LOVELL.
DOUGLAS ROBINSON,
GEORGE H. MACY,
GUSTAV H. SCHWAB.
CHARLES H. MARSHALL.
WILLIAM SLOANS,
NICHOLAS F. PALMER.
ISAAC STERN,
HENRY PARISH,
WILLIAM A. STREET.
ADOLF PAVENSTEDT.
GEORGE E. TURNURE.
CHARLES M. PRATT.
Chestnut & 4th St, PHILADELPHIA
ERVIN & COMPANY
BANKERS
A. A.
RAVEN, President.
CORNELIUS ELDERT. Vice-President.
SANFORD E. COBB. 2d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN E. JONES STEWART. 4th
Vice-President.
Members
(New York Stock
Exchange,
j pj^reiphia Stock Exchange.
BONDS FOR INVESTMENT.
Nederlandsch Administrate- & Trustkantoor
(NETHERLANDS ADMINISTRATION
A TRUST
2tS
Slngel
-
H,
COMPANY.)
MEINKSZ, President
PARKINSON 4L BURR
H. WALLER. L. D.,
Chairman,
Kook A Uyt den Bogaard.
A. A. H. BOISSEVAIN,
Director of Swim Bankveretn and
of Labouchera Oyens A Go’s Bank.
J. A. DUYNSTEE.
R. Meet * Zoonen.
H. MEINESZ,
President.
Q. H. DE MAREZ OYENS.
Labeuehera Oyens 4k Go's Bank
A. L. 0. H. PICHOT.
Weeterwoudt A Co.
W. M. SCHEURLEER.
Seheuxleer A Zoonen.
RVBRARD.
Banker
AUfl.
KALFF.
Jan
Acts
Acts
as
as
Kaiff
A
Oe
Executor,
Trustee of
BANKERS
Ph. MEES,
Teuton A Co.
F. Th
Building, Philadelphia.
AMSTERDAM. (HoUaad.)
Board of Directors*
de
Diexel
Long Distance Telephone No. L. D. 107.
7 Wall Street
53 State Street
NEW YORK
BOSTON
750 Main Street
HARTFORD
Administrator, Trustee, Guardian, Agent, etc.
Corporation Mortgages.
William Herbert & Co.
MEMBERS N, Y. STOCK
MELLON NATIONAL BANK
Hanover Bank
11 PINE
PITTSBURGH, PA.
STREET,
EXCHANGE
Building
-
NEW YORK
1852
As your reserve
depositary, this
bank offers you perfect service and
liberal interest
on
your
CAPITAL AND SURPLUS,
balances.
$7,000,000
1910
Jas. B.
Colgate & Co.
S« Wall Street. New York.
Members
N. Y. Stack Ex.
Investment!
Bonds.
W. H. Goadby & Co.
Bankers and Brokers
NO. 74
BROADWAY,
NEW YORK
THE,
CHRONICLE
Slim TTfliTn, I 3i!l I
June 4
VMM
■
-N
jutnn-1
-
•»
WANTED
o* **•
«-'><«
Glens Falls Gas & Electric 5s
Cumberland Tel. ft Tel. Co.
Omah^mt^o. 5t 4 Stocfe
Nashville
Seattle-Tacoma Power Co. Stock
CitrWit^Sifbpfy*f?
New Hampshire Elec. Ry. Stocks
Leavenw.C.ft Ft.tr.W.Co. 4s & 5s
Bodwell Water Power Co. 5s
Tennessee S€ate Settlement'sr
v*
> .f
Selected
for Conservative
Investors.
K*
Oil*
Liata Mailed
>
Spddlti to Ittcdfi Bonds
.
• -»-
,
Upon Applicatioa.
Lawrence Barnum & Co.
BANKERS
27-20
NASHVILLE,
PINE
STREET.
Philadelphia
H. C. Splller ft Co.
97 State Street
|fBONDS
O08MiiVH)K )i6% an
&
DEALT IN
Lagrange Wafer, Lt. ft Pow. 5s
Public Water C6\ incomes
Mobile Brewery Stock*****
Milw. & Chic. Breweries Pfd.
B
Railway ft tight Co.
Nashville * Decatur RR.rt • ’
Ensley Land Co. ( Alabama)
Nash. Chatt&hooga ftBL Louis Ry.
NEW
YORK
Pittsburgh
Washington
w.A.9
Borto*
,
Hudson ft Manhattan 1st
4J^s, 1967
Louisiana^Arkan saMst 64^1927
^ftiWestehister d^ght^is, 2004
Cuban Goy«: Sttmal -Qoldr 6a
CAM!
WANTED
IRRIGATION AND HYDR<
ELECTRIC BOND® cu
*rt ."ww>
make attractive
Per*
Marquette 2nd Preferred
Pere Marquette Common
A
,
t
.
j
.
4 ^
HQI9MMA ?£•
BXCHA^dS BUILDUP.
t
questionable
No
merit.
offices*™
WPLFJ, ^ 5JAKLEY
St.. N. T.
Phones 6887-6S68-68S9 Broad
••*4 Add. uMOWOL|r« z% WH
branch
-
-
-
H. L NASON ft COL
CAMERON * COMPANY
8X6 That
National SSnwiKtBaidrBetiiiaftf'^rrr
National BgalfQldg.,
CHICAGO.
BOSTON
J<^jMtown'* Qlov. 6^b, 1962
r,nda
prices to’ dealers
who purchase entire issuea or parts
of issues of bonds secured by first f
mortgage on "propertied*1 ob
INVESTMENT SECURITIES
STOCK
,
Boston.
'
**
i
n>- !J-v&
v-
WANTED"'ut*
v -I
iXJ^K
_
We
own
and offer
rail¬
road mortgage,
over
*
yielding
Great Nonhem By. of Canada 4s
MASON ft
F.W.
4wo for
WANTED
Omaha Water Co. first consol. 6s
Omaha Water Co. 1st A 2d pref. stocks
New York State Bailways, common
*
Westctea^erWate^WorlF* drsfcis
D. ARTHUR BOWMAN
* <r
Scrip.
STUART
Telephone.*
NEW YORK CITY
IT (TATE STREET, BOSTON
4s, March 19*6
l9^9
4«, liiiy
Telephone 4>$a, November 1939
Am. Tel. * Tel. OoU. Vr.
N. Y.
geqpge L. ware
TM. §84 Mslh
v-.
* "
*'
‘
■
.v
r*
v
V
,V' v
■
Ry 4 Lt
Stocks*Bond6
.
"
Clarke
Detroit, Michigan
'
ft North Western 6s &~Stc
&
Aged Constituent Compimies
Wm. Hughes
i
v
T*-
Common wealth Pr
52 State St.. BOSTON
tmmxAiX
<• *v r
\'
■
iver
S. C. HENNING A CO.
lit So. Sth Sf.. 1Mi,n *
7lflroadway
C. H. FARNHAM
,
15» Roctai.
Union Bailway, Oas 4 Electric
Portland Bailway, Light ft Power
Memphis Street Bailway i ^
ALL LOUISVILLE LOCAL SECURIT1IS
Boise Pdyette Rivdr Electric first 6s
ThirdNationai Bank BnHding
ST. LOUIS, Mg, ^
Am. Tel. ft Tel. Oonv.
LOUISVILLE. KY.
limited
Ode; controlled bynhe Great
Northern Railway.* Send for
PHELADILPHIA
«£k i.iWii*’'*
M Brosdvij,
NBW YORK
Guanajuato Bedue. ft Junes 6s ft Stk.
amount of SM higutgradO
6%r, Security
George EL Atlee & Co
MALCOLM
Preferred
and
Amer. Finance & Secur. 6s ft Stock
AN EXTRAORDINARY BOND
Dopow ft Lake Erie Water 6s
:
lon^Ui
Qxmafarn**k**&&*
■t
Tuekerton BE. 6s 5
Johnstown Pass. By. 4s
Du Bois Eloos ft Tract. 6s
Mdbiwk Valley Oo.
m
stockrYohcited.
Central Mexico Lt. ft Pow. 6s ft Stock
wKSlMritm
St.,
—
Sutton,
"Strother ft Go.,
h .*& Calvert end QgnM Streets
kJI
FRANCIS, BRO. & CO.
U.nrttM. PtatU.
Light Securities A
*>
'
Offerings
air " ”****'
dealt
Stocks and
V~
OFFER*'
Powtr Co-
Union El. Lt .ft?: 00. of Sf; L. R*f. 6s
Lasted. Ctes Oo. of St. Lonte 1st 6s
Lasteds Oas Os. tiaftnMMgpf?
Kan. 0. By* Lt.
119 8. 4th
i
Louis 4s
mffltiUM&wmm*- u% h
r
Seasoned Oas and Electric
•
QrandRapldsRy.Co<lstM. 6% Bonds. doe 1016
United Bys. of 8t.
uv
Dealers in
''Telephone 2921 Main.
*
MfSSr.
.*
:a \ .4*
?
*
*
^
New Orleans Mobile ft Chicago bonds and scrip
Central New England bonds and stock
Con. Indiana Coal 5s, 1935
New Mexico Railway ft Coal 6s
Qas ft Elec. 6s
rer uas Stock
rer Union Water
Ala.. N. C., Tenn. and La. States
New York State 3s and 4s
Securities
do. Telephone Co. Stock
linidjO. fewer Co. Securities
W. O. PACICARp
Re GOUi
*
Coop* Bldg
OBNVERi
DOUGLAS FENWICK A QQ.
‘34
Tel. John 109
WALL'S?.
414
-4-^—ri-'M
Specialize in Securities of
NewRiver
Temple Iron
Klot*, Throwing
U^SUXunyber
North. Indiana Gas ft Elec. 1st
Chicago Subway
Scranton Railway
..
Spring Brook Water
Scranton Electric
Pa. Cent. Brewing
Pa. Coal & Coke
Northern Electric
Scranton Oas & Water
New Mexico Ry.ft Coal Paint Creek Collieries
Lncka. & W. V. R. T. W. B. a Wyo. V. Vrac
BROOKS
ft
ap.,
r-~v<
oAHSiaa
-
EMBERS NEW YORK‘$?OCK EXCHANGE
42$ Spruce
St.,
Sec. Nat Bank Bldg.
SCRAN r ON, PA.
Correspondents:
»'•-*»*
Ft. Wayne ft
cons.
6s. 1636
If. &P
421 Cheitnut St
Philadelphia
Members of Philadelphia Stock Exchange.
Light, Com. ft Pfd.
AiliOna Pb^r Cornmon atotik l Guanajuato Power ft Sloctric Com.
*
f* V
*
BOUGHT AND SOLD
CLINTON
*
GILBERT
W^LYf.. NEW Yf|K.
Amer. Power ft
Bank and Trust Co*
Stocks
Mobile Electric Common
Wl LKES-BARRE^ PA
’■4 "
Company Stocks
NEW YORK AND BROOKLYN
Wabash Valley Ti^Cqi 4a. 19 84
SAMUEL K. PHILLIPS A. CO.
Lui& a cqw^Y
EDWARD B. SMITH ft CO..
*07 Pine St.. Nett York City.
Bank and Trust
Tel 1016-16-16 Rector
fO Broad St.. N. Y.
26 Broad St., N. Y.
Tel. 27S Broad
X
THE CHBONICLE
Qnxxtttt
[Yol.
Lxm.
gaud jxupxiTcits.
Middletown Union ville & Water Gap 1st 5s, 1911
Fonda Johnstown & Gloversville 43^s, 1952
New Orleans & Northeastern Gen. 4J^s, 1952
Detroit Southern, Ohio Southern Div. 4s, 1941
Mobile & Ohio, St. Louis & Cairo 4s, 1930
Galveston Houston & Henderson 5s, 1913
Buffalo & Susquehanna 4s, 1951
Cleveland Lorain & Weeling 5s
Northwestern Terminal 5s, 1926
Sloss Iron & Steel 6s
Sloss Iron & Steel 4Ks
G. W. Walker A Co.
BANKERS
Tel. 100 Broad.
OS Broad SU, Now Toth
Pittsburgh Coal Co, 5s, 1954
Central Vermont 4s, 1920
O’Gara Coal 5s, 1955
AND ALL OTHER STEAM RAILROAD SECURITIES DEALT IN
F.
SAN FRANCISCO SECURITIES
Pacific Gas & Electric Co.
Associated Oil
J. USMAN & COMPANY,
Spring Valley Water Co.
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. Y. Stock Exchange
30
BROAD
STREET,
SUTRO BROS. & CO.
NEW YORK
BANKERS
Land Title St Trust Oo. Building, PHILADELPHIA
44 PINE STREET. NEW YORK
Members New York Stock Exchange
39 Pearl Street, HARTFORD
Iowa Central 5s
Oreat Western Power 5s
Current River 5s
LIBBEY ASTRUTHERS Robt. Glendinning&Co.
400 Chestnut
Kan.
City Clinton & Springfield 5s
Davenport Loco. 6s, 1914
A. A
LISMAN & CO.,
M. MM Broad
IS Broad St.. New York
PROCTER
&
BORDEN
EQUITABLE BUILDING. NEW YORK
ATLANTIC CITY, N. J.
Gold
4^s, due 1945
Street.
65 Cedar Street
NEW YORK
Central Pacific
Philadelphia.
MANUFACTURERS’ WATER CO.
Vyfa
Toledo Peoria & Western 1st 4s
New Haven Convertible 3J^s, 6s
Norfolk & Western div. 4s
Houston & Texas Cent. 4s, 5s, 6s
First Mortgage 5s.
Due June, 1939.
Closed Mortgage, $4,000,000.
Guaranteed by endorsement as to principal
Interest and Sinking Fund by the
Cambria Steel Co.
This Sinking Fund retires the whole Issue before
maturity by purchase or call at 101. The Cam
bria Steel Co. has no bonded debt of Its own, and
now pays 5% dividends on $45,000,000 Capital
Stock, or $2,250,000 per annum.
PRICE, 101 AND INTEREST.
Continental Insurance
Fidelity-Phenix Fire Insurance
Pennsylvania 4J^s, 1921
United N. J. RR. & Canal 4s
Germania Fire Insurance
German-American Insurance
Hanover Fire Insurance
Home Insurance
Niagara Fire Insurance
T. W. STEPHENS & CO. FREDERIC h. HATCH & CO.
Dealers In Unlisted and Inaotve Securities of
BANKERS
2 WALL
In
STREET, NEW YORK.
Railroads and Other Corporations
the United States and Elsewhere.
30 BROAD STREET, NEW
YORK
Tel. 5140 to 615$ Broad, Inclusive
INVESTMENT
WANTED
BONDS
Branch Office. 60 CONGRESS ST.. BOSTOl
Telephones. 2540-2541-2542 Fort Hill
Private telephones between New York and Boston
Georgia RR. & Banking Cn. Stock
J.
H.
HILSMAN
ib CO.
WE
Interest allowed
Individuals and
on
QUOTE
Baldwin Locomotive Works
accounts of
1st 5s, M. & N., 1940
99
@99
Corporations
Penn. RR. General
EMPIRE BUILDING, ATLANTA. GA.
New York
MUNICIPAL BONDS
Legal for Savings Banks in New York
TO NET 4 TO 4.15%
FERRIS * WHITE,
tel. CS1T-8 Hanover
ST Wall St.. New York
WE WANT TO BUY
Washington Water Power 5s
Cuban Government 5s
Little Rock Bridge Co. 6s
Mutual Terminal 4s
Wheeling Terminal 4s
Somerset Coal 5s
Kansas City Gas 5s
J. H. BECKER A CO.
T»l. 986 Rector
80
Broadway, New York
City 3^s
Atchison General 4s, 1995
B. & O. So. West. 3>£s, 1925
REED A. MORGAN & CO.,
West End Trust Bldg., Phlla., Pa.
Members of Philadelphia Stock Exchange.
Telephone. Spruce 2181.
c. K. B. WADE
Tel. 6744 Hinom
49 Wall Stnat
B. & O., So. W. Div. 3^s, 1925
N. Y. N. H. & H. Deb. 4s, 1956
Boston & Maine 4J^s, 1929
Manhattan Ry. 4s (unstpd), 1990
Col. New. & Zanesv. 1st 5s, 1924
Mallory S. S. 1st 5s, 1932
Leh. & Hud. Riv. Ry. 1st 5s, 1911
N. Y. Tel.
4J^s, 1939
BURGESS, LANG & CO.
Brunswick & Westem^s A
Pitts. Cinn. Chic. & St. L. 4^s New York & Harlem 33^s
1
^
i
PhlluMphii
Provident.
L*
Yj
Newport & Cincinnati* Bridge
Pitts. Cinn. Ch. & St. L. 4s, Series A
Chicago.Milw. & St. Paul Term.Jis^
.
Penna. Real Estate 4s
^ j
a
BLAKE & REEVES
Tel. 1504 John
34.Pine^Street. New York
Pingree, McKinney & Co.
8 Congress Street,
Boston
BOSTON
ROCKFORD ELECT. CO. 5s, 1939
34 Pine Street
50 State Street
TO NET
5.10,%
Private Wire
Telephone 1846 John
St.
BOSTON
-
NEW YORK
BONDS
Baker, Ayling & Company
Freight
Equipment 4s, M. & N..S1912 to 1920
4
@4.40% basis.
Atchison Convertible 4«
I960, W. I.
CURTIS A SANGER
Members N.Y., Boston &
Chicago Stock Exchanges
S8 Wall Street
Boston
NEW YORK
Chicago
Clair*Go.'Gas & Elec. Co. 1st Cons.
5s, 1959 ~
Mahoning & Shenango Ry. AfLt.JCo.
1st Ref. 5s, 1916
£*
Chattanooga Ry.r& TLt.*Co.,*lstf&
Ref. 6s,
1956,0^1 CE3 j
WURTS, DULLES & CO.
IM (. FOURTH ST..
PH1LA DELPHI
Telephone Lombard 1060-1061
June 4
THE CHRONICLE
1910.]
InqnixUf.
tment
Santa Fe Prescott & Phenix 1st 5s, 1942
Utica Gas & Electric 1st ref. 5s. 1957
Denver City Tramway 5s, 1919
Southern Railway 5% Notes, 1913
Cuban Internal 5s
New York City 4J*s, 1960 ($100 Bonds)
Maine Central cons. 4s, 1912
Adams Express 4s. 1947
Adams Express Co. stock
XI
Capital $5,000,000
Surplus $18,000,000
Established 1864
Main Office:
28 Nassau Street
Guaranty Trust Company
Knickerbocker Trust Co.
American Brake Shoe St Foundry pref.
NEW YORK
OF
Glide. WlnmlU &Co.
Fifth Avenue Branch
BANKERS
Fifth Avenue A 43d Street.
20 BBOAD
SAFE DEPOSIT VAULTS
STEER, N. T.
Telephone 445-6-7 Rector
London
33 Lombard
Louisville A Nashville 5s, 1931
St. P. M. A M. Dakota Ext. 6s, 1910
Minneapolis A St. Louis 7s, 1927
Belleville A Oarondelet 6s, 1923
Richmond A Danville 5s, 1927
NEWBORG & CO.,
MEMBERS N. V. STOCK EXCHANGE
60 BROADWAY. N. Y.
reiephone 4390 Rector,
Cable Addreaa,
“NEWROSB"
PRIVATE WIRE TO ST. LOUIS
Transacts
a
General Trust
Danville Urbana St Champaign Ry. 5s,
Decatur Ry. St light 6s. 1933
Decatur Gas & Elect. 6s, 1929
Decatur Tract. & Elect. 5s, 1920
Evansville Gas & Elect. 5s, 1932
Evansville Elect. Ry. 4s, 1921
Peoria Gas St Elect. 5s. 1928
Peoria Light 5s. 1936
MEGARGEL & CO.
BANKERS
5 Nassau Street
NEW YORE
Pennsylvania conv. 33^s, 1915
Clev. Cin. Chic. & St. L. gen. 4s
Morris & Essex 7s, 1914
Company Business
Investment Offerings
WANTED
1928
100
100
50
50
100
100
Edward V. Kane & Co.
PHILADELPHIA
Members Philadelphia Stock Exchange
'Phones Bril-Walnut 2290
Keystone-Race 499
Chicago Subway 5s, 1928
Fairmont Coal 5s, 1931
Illinois Tunnel Co. 5s, 1928
Lack.AWyo. Val.Bap. Trans. 5s, 1951
Michigan United By. 5s, 1936
O’Clara Coal 5s, 1955
Pacific Gas A Electric Debt. 6s, 1937
Penna. Coal A Coke 5s, 1953
Schwarsschild A Sulzberger 6s, 1916
Wilkes-Barre A Hazleton 5s, 1951
Street, E. C.
Foreign Exchange
North American Building.
Beech Creek Coal A Coke 5s, 1944
Branch
Second Ave.Cons.5s, 1948, Tr.Go.Ctfs
Met. St. By. Gen. 5s, Tr. Co. Ctfs.
Walker Co. 1st 6s, 1917
N. Y. A Westchester Ltg. 4s, 2004
Kansas City “L” 4s, 1922
Columbus A 9th Ave. 5s, 1993
PATERSON & CO.,
Int. Time Recording Pfd.
Louisville Lighting
Mohawk Valley Co.
Oil Fields of Mexico
Park Bank "Rights"
U. S. Motor Com. & Pfd.
FOR SALE
100 Baring Cross Bridge
50 Bush Terminal
100 Int. Time Recording Com.
100 Kings Co. E. L. & Power
100 N. Y. State Rys. Com.
20 Old Dominion Steamship
50 Sen-Sen Chiclet
25 Standard Coupler Com.
100 Union Typewriter Com.
We have good markets in unlisted and Inactive
securities and respectfully Invite Inaulrlea.
.1
K. Rice, Jr. A Co.
'Phones 7480 to 7466 Hanover.
20 Broad St.. N. Y
Tel. 1986-6-7 Rector
GILMAN A CLUCAS
WANTED
Short-Time Bonds, Notes,
and Equipments
FREEMAN A COMPANY
Securities legal for
Connecticut Savings Banks
1st Nat. Bank Bldg.,
34 PINE STREET. NEW YORK
Telephone 6089 John
Wheeling & Lake Erie, Wheeling
Write for information
on
Division 5s, 1928
the
Porcupine Gold Camp
Ohio.—Craig Vail. 5s, 1940
St. Louis & San Fran. gen. 5s, 1931 WARREN, GZOWSKI & CO.
Members Toronto Stock Exchange
Lake Shore deb. 4s, 1931 (unlisted) 25 Brokd St.. NEW YORK
TORONTO
Offices connected by direct wire
Buffalo & Susquehanna 4J^s
St. Paul,Chic. & Pac.W.D.5s, 1921
Equipment Bonds and Car Trusts
Tel. 7750 1-2-3 Hanover
17 Well Street
NEW YORK
Swartwout &
N. Y.v Lack. A Western 5s,due 1923
Iron Mt., River A Gulf 4s, due 1933
Westchester
Lighting 5s, due 1950
New Haven Deb. 4s, due 1956
Chic. Burl. A Q. Gen. 4s, due 1958
Erie BB. Long Dock Co. 6s, due 1935
Members New York Stock
20
Broad
Exchange,
St.
New
York.
Private wire to Philadelphia
Coffin A Company
NEW YORK.
WANT
C. 0. C. A I. 7s
Norfolk A Western Div. 4s
Chicago A North Western 5s, 1921
Express Co. 4s, 1947
Adams
07FEB
Ogdensburg A Lake Champlain 4s
Lackawanna Steel 5s, 1923
Central of Georgia 1st 5s
Ohio River 1st 6s
.
49 WALL ST.. H. Y.
Colorado Springs Electric 5s, 1920
Kansas City Elevated 4s, 1922
Cent. El. By. of Kansas C. 5s, 1914
American Cigar 6% pref.
United Gas A Elec. (N. J.) 5s, 1922
Land Title Building.
NEW YORK CITY
Amer. Lt. A Tract. Go. Stocks
Gommonw. Pow. By. A Lt. Co.
East. Penn. Rys. Co. Securities
S. B. TAYTjOB
Tel. 7355 Hanover.
LEONARD SNIDER
Members N. Y. Stock Exchange
Philadelphia.
66
Broadway
Naw Yavfe
Consolidated Traction Co. of N. J.
Stks.
Tri-City Ry. A Light Co. Stocks
Fidelity Phenix Insurance Co. Stock
International Nickel Stocks A Bights
St. P. Union Stock Yds. Co. 5s, 1916
LAMARCHE A COADY,
Tel. 6776-6 Broad.
Joseph Walkers $o*$
Appenzellar
BANKERS
44 Pint Street
Chic. Wisconsin A Minn. 6s, due 1916
East Tenn. Va. A Georgia 5s, duel930
84 Pine Street;
NEW YORK
NEW HAVEN. CT.
Ches. &
EYER & COMPANY
83 Wall St., N.Y
36 Broad St.. N. Y.
1st 5s,
1933
Passaic A Newark Electric Traction
1st 5s, 1937
Paterson A Passaic Gas A Electric
1st Con. 5s, 1949
W. E. R. SMITH & C0.,
90 Broad Street
!C*w York:
Southern Pacific, Branch 6s
Central Branch—U. P. A M. P. 4s
Kansas City Terminal 4s
Kansas City Viaduct 5s
Terminal Warehouse 5s
Scioto Valley A New England 4s
National Starch 6% Bond Certificates
Cincinnati Ham. A Dayton General 5s, 1942
Ozark A Cherokee Central 5s
Mason City A Fort Dodge 4s
Detroit Southern—Ohio Southern 4s
WERNER BROS. A GOLDSCHMIDT
TeL 4800-1-2-3-4-5 Broad.
25 QfOki Strut, Ni T*
[Yol.
TI^C^QNICIJS
*¥
lxxxx.
*5itiatxjcial.
E. H. ROLLINS & SONS
:4# >
4.
Stone & Webster
Fversz & Company
147 Milk Street.
BOSTON
• Nassau Street
First Natl. Bank Bids.
& NEW YORK
CHICAGO
;*,? Vh| f ‘
bankers;
-
■
Securities of *
Public Service
4
f -*y
»VO
RAILROAD
MUNICIPAL
Negotiate and Issue Loans for Rail¬
roads and Established Corporations.
Buy and sell Bonds suitable for
PUBMC UTILITY
Investment.
BONDS
LASALLE ST. CHICAGO
Fiscal Agent for Cities and
Corporations
'«*«'*'■*•*
Established 1876
List
on
Corporations
Application
UNDER THE MANAGEMENT
OF OUR ORGANIZATION
.*4
.....
.
.
Our 1910 Manual
describing these companies will be sent
request.
W
upon
v;-'
—
~
*
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE- B( rvi
BOSTON
NEW
CHICAGO
YORJC
DENVER.'
SAN FRANCISCO
CORPORATION'5 TOiHQAD BC
»»
t
•
SEND FOR
ban
ARE
INVITED
TO
WRITE
FOR
,.J ,H!
•W
LIST
OF
,n
Collateral
-
g*-g■*,'f t
fStfr'*'
I** /*'
«
>
ttUTTO^*
CO.
’ u
CINCINNATI
New York
Stock Exchange
I Chicago- Board-of-Trade
t{ f-:
*
F. H. PRINCE & CO.
.sc .jrtfw
BARKERS
.
,*&
^
f Nr
f
V '?"*
n
'•
CT
Commercial Paper
Qirrrrt * r
45
Exc|iange Plac«
>
Members of New Yorkand Beaton Stock Bxahute
New York
-
lCincinnati Stock Exchange
*
Chicago
Boston
St Louis
Philadelphia
Kansas
City
■*
Francis*** *-*■ ^
•AHHff**'. •S”1-
-ft
H£l
„
n
XfCIi
StTVW&u&e&Atvefiac:
Municipal
Members of the New York Stock Exchange
Colorado Springs
COLORADO
'
ft»
BANKERS
HEW YORK
•4v.
-
GEO. H. BURR & CO.
'
Members of
•
*
in New York
W. E.
*
181 La Salle Street.
(Eat&bUahed 18654 T
be selected by correspondent bank
■«
or Cincinnati
% v
^ ^ ■>
w a-A'.ej.wi
* •
may
^
ft
.
CHICAGO.
EXPERIENCE
,
%«..*?■*
PEABODY, HOUGHIELINfi & CO.
£*»#«♦**
Secured by Active Listed Stocks and Bonds
Present rate 4Hi 4* and S% 1
.
Mt
9$#t m yd
QUICK DEMAND LOANS
20 YEARS’
i
CIRCULARS.
4 ’
24 Broad Street
NEW YORK
London
ENQLAND
'
'
First
fert
National'*
Bldg.
Chicago j
-
^
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;
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antf Corporation
ROflTY?4r*4
BUIWO 60 Congress
Bank
Sullivan Brothers & Co.
’T$A -rfy
‘Wdf 1
/
111 Broadway
New York
««*Bemp
* t»
,
427
St.,
CHESTNUT STREET
PBlliAbBiLPHIA,
jt % t /
*.•
* *»
r.t-o
Member.
Electric Power Securities
.
Chas. S. Kidder & Co.
...u,
«•*<vr'»i
PA.
‘t\
{?,«'JY1orJ;
E.chenge
TPhiladelphia
i.
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! M .' ■ '
■
[Established 1865.]
MUNICIPAL & COR¬
PORATION BONDS
THE AMERICAN MFG. CO.
182 LA SALLE STREET,
CHICAGO
W. T. HATCH
&, SONS
BANKERS AND BROKERS
71
Broadway,
New York
-
MEMBERS OF
NEW YORK STOCK EXCHANGE.
MANILA, Si SAL AND JUTE
Devitt, Tremble & Co.
CORDAGE
65 Wall Street
BOM FQLINVBTMBII
New York
-
FIRST NATIONAL BANK BLDGCHI CAGO
PHI LA. NATIONAL BANK BLDGPHI LADELPHIA
’ ’ ■
The
audit
company
165
H. T. HOLTZ & CO.
Broadway
Audits and examinations.
CORPORATION BONDS
Appraisals of values of lands, buildings,
machinery, etc. "
A*
.
'rjVV
Exchange
e.
Investment Securities
Nassau A Pins
Strests, N. Y.
115 BROADWAY
Members New York Stock
>•. . ij C
*!
fry
-
Exchange.
4
$ ft «
v
United Bank NoteCorporation Stocks
INVESTMENTS
Correspondence Invited
Financial and cost systems of accounts.
New York Life Building, Chicago
:?.\0 ;
,,
MUNICIPAL AND
WESTERN OFFICE
Members New York Stock
»
Telephone 6780 Cortland.
U'ij : I ii;i4.?v—i 4. r ,*.
BANKERS
DominicK & DominicK
OF NEW YORK.
City Investing Building
HOLLISTER, FISH & CO.
’’"•P
r
P.
* • a-
-r*
M.
$ io i.*
171 LA SALLE
•;
j »«r.. »:i
STREET, CHICAGO
. «
«
«#ai **'*•
104 South Fifth St.
PHILADELPHIA
P A»7
T»r.'{
A.fyf1'-
TrtE criiidNiCLE
June 4
fgiuattjcial.
THE DENVER & RIO
AMERICAN CAR & FOUNDRY COMPANY.
ORANDE
RAILROAD COMPANY
(Consolidated).
165 Broadway, New York, June 2d, 1910.
The Board of Directors has this day declared a
semi-annual dividend of TWO AND ONE-HALF
PER CENT (2H%) on the Preferred Stock of
this Company, payable July 15th, 1910, to stock¬
holders of record on June 24, 1910.
The transfer books of the Preferred Stock will
close on June 24th, 1910, and will reopen on the
morning of July 6th, 1910.
STEPHEN LITTLE, Secretary.
New York, June 1, 1910.
PREFERRED CAPITAL STOCK
DIVIDEND NO. 45.
A dividend of ONE AND THREE-QUAR¬
TERS PER CENT (lJi%) on the Preferred
Stock of this Company has this day been declared,
payable July l, 1910, to stockholders of record
at the close of business June 10, 1910.
Checks will be mailed by the Guaranty Trust
Company of New York.
WM. M, HAGER, Secretary.
S. S. DELANO, Treasurer.
will
be mailed.
G. L.
\
„
*v
«,
AMERICAN CAR & FOUNDRY COMPANY.
DIVIDEND NO. 31.
A dividend of ONE-HALF PER CENT (H%)
on the- Common Stock of this Company has this
QUEHANNA RAILWAY COMPANY secured
by its mortgage to the United States Trust Com¬
pany of New York, as Trustee, dated April 1,1905.
Default was made in the payment of the inters
*
?■
New York, June 1, 1910.
COMMON CAPITAL STOCK
day
been
declared,
Company of New York,
ESTABROOKj-Secretary; t
C.
D. MENEELY,
I. du PONT de NEMOURS POWDER CO.
Wilmington, Delaware, May 25th/ 1910;
The Board of Directors has this day declared
a dividend of 2% on the common stock of this
company, payable June 15th, 1910, to stock¬
holders of record at close of business on June 4th,
1910; also dividend of l*f% on the'preferred
stock of this company, payable July 25th, 1910,
to stockholders of record at close of business on
July 15th, 1910.
ALEXIS I. du PONT, Secretary.
E.
~
44th Consecutive Dividend.
MECHANICS’ TRUST COMPANY OF
NEW JERSEY.
Bayonne, N. J.. June 2d, 1910.
AMERICAN BEET SUGAR COMPANY.
STOCK DIVIDEND NO. 44.
32 Nassau Street, New York, June 1, 1910.
A Regular Quarterly Dividend (No. 44) of
One and One-half Per Cent on the Preferred Stock
of this Company has been declared, payable
July 1st, 1910, to Stockholders of record at the
At a meeting of the Board of Directors held
this day, the regular quarterly Dlvldned of 5%
on the paid-in capital stock of tne Company was
declared, payable on the First day of July, 1910,
PREFERRED
Stockholders of record at the close of business
June 28th. Instant.
Transfer books will be closed at 3 o’clock p. m.
June 28th Instant,
and re-opened at 9 a. m.
to
on
W.
.
Bank of the
City of
New York
k
■'
•
DIVIDEND:
,
per
S'jKi
June 2dV ,1910.
The Directors of this Bank have
,:
Office Of
..
-
,
July 1st, 1910, to preferred stockholders
Monday, June 20th, 1910.
at 3 p. m.
.
GORDON ABBOTT.
ALEX ANDER BROWN.
HARVEY E. FISK,
BENJAMIN STRONG JR..
ASA S. WING.A
Committee.
,
GEORGE G. HENRY, Secretary.
25 Broad Street, New York City.
CRAVATH, HENDERSON & de GERSDORFF,
PHILBIN, BEEKMAN, MENKEN & GRISCOM,
Attorneys for the Committee.
52 William Street, New York City.
Bonds may be deposited with:
..
OLD COLONY TRUST COMPANY.
17 Court Street, Boston, Mass.
BANKERS’ TRUST COMPANY,
7 Wall Street, New York City.
INTERNATIONAL & fiREAT NORTHERN
RAILROAD COMPANY
v.
of record
JAMES L. MORGAN, Treasurer.
^
Second Mortgage Bonds
ft
Wanted—Bond Salesman
SPECIALIST IN NEW YORK STATE
RAILROAD CONSTRUCTION BONDS
We have an opening for a high-class
who can sell first mortgage New
York State Railroad construction bonds,
which are highly endorsed by bankers.
He must be a man of strong personality,
forceful and convincing argument, and
one able to demonstrate at an interview
man
Office of
H. M. BYLLESBY & COMPANY
En gineer s—Mana gers
Chicago
The Board of Directors of the OKLAHOMA
GAS & ELECTRIC COMPANY of Oklahoma
City, Oklahoma, has declared a quarterly dividend
of one and one-half per cent (1*4%) upon the
Common Stock of this Company, payable by
check June 15 1910 to stockholders of record as
of the close of business May 31st 1910.
The
stock books will be closed June 1st 1910
and reopened June 11th 1910
ROBERT J. GRAF, Assistant Secretary.
common
Office of
Engineers—Managers
Chicago
The Board of Directors of the MUSKOGEE
GAS & ELECTRIC COMPANY of Muskogee,
Oklahoma, has declared a dividend of one and
three-quarters (1*4%) upon the preferred stock
of this Company for the quarter ending May 31st
1910, payable by check June lOthflOlO to stock¬
holders of''record as of the close of business
May 31st 1910.
ROBERT J. GRAF, Assistant Secretary.
Office of
165
SMELTING
Broadway,
N.
&
REFINING
Y. City, June 1
CO.,
Directors of the American Smelting &
Refining Company have this day declared a
dividend of one and three-quarters per cent on
the Preferred Capital Stock of the Company,
The
payable July 1 1910 to stockholders of record at
three o’clock p. m. June 10 1910.
The books
of the Company for the transfer of the Preferred
three o'clock p. m. June 10
1910 and will be reopened June 20 1910.
W. E. MERRISS, Secretary.
Stock will be closed at
A
decree
for
the
foreclosure
of
the
Second
Mortgage and for a sale thereunder having been
entered In the United States Circuit Court for
the Northern District of Texas on the tenth day
1910, notice Is hereby given that the
depositing second mortgage bonds with
FARMERS’ LOAN & TRUST COMPANY,
of May,
time for
THE
Depositary under the above-mentioned Agree¬
ment, Is hereby extended to and Including the
15TH DAY OF JUNE, 1910. after which date
bonds will be received only In the discretion of the
Committee, and upon the payment of such penalty
In respect of each bond as may be Imposed by the
Committee under the terms of said Agerementl
1910.
Dated New York, May 17,
liberal commission arrangement will
be made and reasonable expense ac¬
W. EMLEN ROOSEVELT, Chairman.
EDGAR L. MARSTON,
JOHN W. HAMER,
HENRY K. POMROY,
Replies treated con¬
fidentially . Address M. F. S.fv care
Chronicle, P. O. Box 958, New York.
count
allowed.
—
——
Committee.
Tr-
1
I desire to become the representative of a highclass firm of Bankers who can use a capable
man
Well qualified to act in that capacity.
I am at present Treasurer of a large financial
institution in Philadelphia and have considerable
experience.
Good connections here and in Great
Britain.
Ace 30. Single. TaH-and -of good
address.
Liberal education.
A1 references.
Address “W. M.,” care Commercial & Financial
Chronicle, P. O. Box 958. N. Y.
Amalgamated Asbestos Corporation, Ltd.
First
♦
experi¬
spending the months of July and August
-,,A CIVIL ENGINEER of thirty years’
ence/
in Alaska for nis health, desires a commission to
report on railroad or mineral properties.
Address
A*S. C; E.,
care
Chronicle, P. 0. Box 958, N; Y.
Established 1864,
T/
E. S.
Per Cent
NEW YORK
.
/
«.,*»
»
** ft
;
4.
;
Bank of Montreal, 64 Wail St., New York.
The Royal Trust Company. Montreal.
The Royal Trust Company, Toronto.
Bank of Scotland, 19 Bishopsgate Street Within,
London, E. C., England.
BAILEY
Specialty”
•’
that the Semi-Annual
Interest payment of 2H% due 1st of June 1910
will be made on and after that date at any of the
following places, namely:
Telephone 2817 Recta*
Fire Insurance Stocks
66 BROADWAY
Five
Fund
Notice is, hereby given
DEALER IN
“A
Sinking
Mortgage
Gold Coupon Bonds.
WANTED.
-
1910.
QUARTERLY PFD. STOCK DIVIDEND No. 44
Second Mortgage Bonds of
a
I
H. M. BYLLESBY & COMPANY
AMERICAN
his ability to sell railroad securities to
his own established clientele, and who
is making good now.. . To such a man
f*
the International & Great Northern Railroad
Company who have not deposited the same
.under the Bondholders’ Agreement dated
March 2, 1908:
,
Chicago
Board of Directors of the SAN DIEGO
CONSOLIDATED GAS & ELECTRIC COM¬
PANY of San Diego, California, has declared a
quarterly dividend of one and one-half per cent
(1 K%) upon the Common Stock of this Company,
,
the Holders of
To
The
The common stock books will be closed June 1st
1910 and reopened June 11th 1910.
ROBERT J. GRAF, Assistant Secretary.
.
OENERAL CHEMICAL COMPANY.
H. M. BYLLESBY & COMPANY
payable by check June 15th 1910 to stockholders
of record as of the close of business May 31st 1910.
,
WfULlAM SALOMON. Chairman.
AMERICAN CAN COMPANY.
quarterly dividend ofs one • and one-quarter
cent (1K%) has been declared upon the Pre¬
25 Broad Street, New York, June 1, 1910.
The regular quarterly dividend of ONE AND
ONE-HALF PER CENT (1*4%) will be paid
.
Engineers—Managers
May 1, 1910, and the Com¬
pany’s property and affairs have been placed in
the hands or a receiver.
A committee of the
Pour Pec Cent Bonds of the Buffalo & Susque¬
hanna Railroad Company, the property of which
is leased to the Railway Company, has been
formed, and also a Committee of tne Preferred
Stock of the Railroad Company.
In view of these
facts, it has become Imperative that holders of the
4 H% Gold Bonds who have not already done so
should deposit their bonds with this Committee.
v
Bondholders are invited promptly to deposit
their bonds with the Committee’s Depositary,
Bankers’ Trust Company, No. 7 Wall Street,
New York City, which, on behalf of the Com¬
mittee, will issue transferable certificates of de¬
posit therefor.
Bonds may also be deposited
with Old Colony Trust Company, 17 Court St.,
! J ^
Boston, Mass.
Dated May 3, 1910.
•
ferred Stock of this Company, payable on July 1st,
1910, to stockholders of record at the close of
business June 16th, 1910.
Transfer Books will
remain open.
Checks will be mailed. ^” »
R. H. ISMON, Secretary.
* -'
this day declared a quarterly dividend of One
and One-Half Per Cent, free of tax, payable
July 1st to Stockholders of Record.
Transfer hooks will close June 23d and re-open
July 2d, 1910.
EMIL KLEIN, Cashier.
•
Cheques will be mailed.
: *
J. E. TUCKER, Treasurer.
A
est due on said bonds
June 22nd, 1910.
close of business
R. WILDE, Treasurer.
The Mercantile National
f* *
H ;v< •
HAGER, Secretary.
30 Broad Street,
New York, May 20. 1910.
A quarterly dividend of ONE AND A QUAR¬
TER PER GENT upon this Company’.* Capital
Stock will be paid July 1, 1910, to stockholders
of record at the close of business on June 15, 1910.
The stock transfer books will not be closed.
CHECKS will be mailed to stockholders who
have filed Permanent Dividend Orders at this
office.
J. D. MORTIMER, Secretary.
Secretary and Treasurer.
July 2d, proximo.
to
THE NORTH AMERICAN COMPANY.
C. B. COLEBROOK, Treasurer.
1910.
1910,
S. S. DELANO. Treasurer,
BROOKLYN RAPID TRANSIT COMPANY.
■V
New York, May 12th, 1910/
The Board of Directors has this day declared
a quarterly dividend of ONE AND ONE-QUAR¬
TER PER CENTUM on the capital stock of this
Company, payable July 1st, 1910/to stockholders
of record at the close of business on Thursday,
9th,
1,
WM. M.
DETROIT & MACKINAC RY CO.
June
payable July
stockholders of record at the close of business
June 10, 1910.
Checks will be mailed by the Guaranty Trust
40 Wall St., N. Y. City, May 23d 1910.
A dividend of two and one-half per cent (2H%)
has this day been declared on the preferred capital
stock of this company, payable July 1st 1910 to
stockholders of record at the .dose'of business
June 15th 1910.
The preferred stock transfer
books will close June 15th 1910 and reopen
July 5th 1910.
Centum Gold Bonds
To the Holders of bonds the above issue:
At the request of a large number of bondholders,
the undersigned organized on April 15, 1910, as a
Committee to protect the interests of the holders
of the First Mortgage Four and One-Half Per
Centum Gold Bonds of the BUFFALO & SUS¬
PREFERRED DIVIDEND NO. 16.
Office of the
PORTLAND RAILWAY, LIGHT & POWER CO.
Portland. Oregon.
The Board of Directors has declared the regular
quarterly dividend of ONE AND ONE-QUAR¬
TER PER CENT upon the Preferred stock, pay¬
able July 1st, 1910, to stockholders of record at
the close of business June 11th, 1910.
Checks
BUFFALO & SUSQUEHANNA
RAILWAY COMPANY
First Mortgage Four and One-Half Per
-
will be paid In sterling
of exchange (4 86 2-3).
R. P. DOUCET, Secretary-Treasurer.
in London the Interest
at par
XTT
THE CHRONICLE
[V®L.
LXXXX.
ffhjuroxtal.
$5,500,000
Terre Haute Indianapolis & Eastern
Traction Co.
First and
Dated
Refunding Mortgage 5% Sinking Fund Gold Bonds
April 1 1910
Due April 1 1945
FIDELITY TRUST CO.,
PHILADELPHIA, Trustee
Interest
payable April 1 and October 1
Coupon bonds of $1,000 denomination, which may be registered as to principal only
Callable, as a whole, on or after April 1, 1915, at 105 and accrued interest, or, in part, for sinking
fund purposes only, at 102}^ and accrued interest on or after April 1, 1911
Total
outstanding
(now offered)
$5,500,000
------
Reserved for future additions and improvements, under careful restric¬
tions
-
-
Total authorized
From
a
letter
-
-
*
=
2,500,000
-
--------
$8,000,000
of the President, copy of which will he sent upon request, and from reports of Mr.
Webster, we summarize as follows:
E. C. Foster and Messrs. Stone &
-
Sinking Fund sufficient to retire total authorized issue
Company
at
maturity.
controls 511 miles of electric railway, including all city lines in Indianapolis,
Terre Haute and Richmond, Ind., and a connecting system of interurban lines across the
State of Indiana, chiefly private right of way; serves 500,000 population.
owns or
First mortgage on 161 miles of interurban railway centering in
Indianapolis (except for $506,000
underlying bonds on 60 miles; $286,000 in cash is held in trust to retire an equal amount
of these bonds, and the remaining $220,000 will be retired by
Sinking Fund before 1920).
Also first lien on stock of all controlled companies, thus covering the entire system.
This issue retires previously existing debt and does not increase fixed charges.
Company has
no floating debt.
Gross
Earnings of System, twelve months to March 31—
1908, $4,875,329
1909, $5,078,684
1910,
$5,451,175
Available Net Income twelve months
terest and
new
ending March 31, 1910 (after deducting rentals and in¬
sinking fund charges on divisional bonds), $829,931; annual interest on these
bonds $275,000.
Capital stock equity represents
of proceeds of these bonds.
more
than $7,000,000 contributed by stockholders in
Independent report of Messrs. Stone & Webster
as
excess
states this system one of best in United States
regards condition of track, equipment and terminals.
Having sold over three-fourths of this issue, we offer the
remainder* subject to prior sale or advahee in price, at
95
and
*
Interest, yielding 5.30%
Drexel &, Co.
Lee, Higginson & Co.
PHILADELPHIA
NEW YORK
BOSTON
CHICAGO
Estabrook & Co.
;
~
BOSTON
NEW YORK
]
June 4
1910.]
THE CHRONICLE
XT
ffittattciafl.
Desirable Features of Short-Term Securities
They have enjoyed a very active market since their issue was inaugurated in 1907*
Having early maturity, their average fluctuations have been small
The numerous issues put out in 1907 have been promptly paid at
maturity without
a single exception.
Following are some of the investments of this class which the
purchase of which we recommend as especially opportune.
market affords, the
present
Maturity.
Feb. i, 1911
July
i,
Feb. 1,
Feb. 1,
Mar. 1,
Minneapolis & St. Louis R.R. Secured 5% Notes
Mexican Central Railway Consol. Mtge. 4% Bonds
1911
1912
Western Tel. &. Tel. Co. Collateral 5% Notes
St. Louis & San Francisco R.R. Secured 4^% Notes
St. Louis & San Francisco R.R. Secured 5% Notes
Chicago & Alton Railroad Secured 5% Notes
Baltimore & Ohio Railroad Secured 4^% Notes
Ozark & Cherokee Central Ry. First Mtge. 5% Bonds
Bethlehem Steel Co. Secured Sinking Fund 6% Notes
1912
1913
Mar. 15,1913
June
Oct.
Nov.
to pay
to pay
1, 1913
1,
1913
1, 1914
to pay
to pay
to pay
to pay
to pay
to pay
to pay
(TAX-FREE IN PENNSYLVANIA)
Full
particulars of
any
6.62%
6.05%
5.40%
4.90%
5.73%
6.50%
4
'
*
5.84%
5.50%
5.30%
issue
on request
PLYMPT0N, GARDINER & GO.
BANKERS
27 William St.. NEW YORK
232 La Salle St.. CHICAGO
34 Old Broad St.. LONDON. E. C.
Members New York and Chicago Stock
Central
CENTRAL TRUST COMPANY
of NEW YORK
Rational gauh
of
54
fjxrrft
•
Wall Street
Capital and Surplus, $18,000,000
(of which $ 1 7,000,000 has been earned)
330 BROADWAY
Edwin S. Schenck, President
Francis At. Bacon Jr.. Vice-President
Albion K. Chapman, Cashier
Jesse M. Smith. Asst. Cashier
James
Exchanges.
McAllister, Asst. Cashier
Authorized
to act
as
Executor, Trustee, Administrator
or
Guardian.
Receives Deposits, subject to check, and allows Interest on Daily Balances.
Acts as Transfer Agent, Registrar and Trustee under Mortgages.
W. M. Haines. Asst. Cashier
Capital
$2,550,000
Surplus and Profits $1,600,000
C. B. Van
$460,000
Nostrand
36 WALL STREET
INDUSTRIALS
St. Louis Southwestern 5 % Equipment Notes
Dated April 1, 1910.
Maturing $46,000 annually from April 1, 1911.
to April 1, 1920.
UNITED STATES MORTGAGE & TRUST
We
own
and offer
COMPANY, TRUSTEE.
$foje (&swzxummt &cctmut*ut
$90,000
P. O. BOX 27. MAIN OFFICE.
City of Perth Amboy, NJ.
OFFICIAL ORGAN OF THE ASSOCIATION OF
AMERICAN GOVERNMENT ACCOUNTANTS
Price and particulars on application
A MONTHLY MAGAZINE OF INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES. BANKS, RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA¬
TIONS.
Water and Sewer Bonds
R.
M. GRANT & CO
BANKERS
SI NASSAU STREET
NEW YORK
WASHINGTON. D. C.
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS’ OFFIOES.
Sample Copy 15 cents. Per Annum $1 50
The railroad company has paid over
cash on the cost of the equipment.
Price and further particulars
on
15% in
application.
JOHN H. WATKINS
Municipal and Railroad Bonds
No 2 Wail St.,
NEW YORK
R. T. Wilson & Co.
Bankers ft Commission Merchants
M WALL STREET,
-
.
NEW YORK
fT
.<■‘5i K.
tn
£*
[VOL.
&K12
i
LXXXX.
gttxattjcial.
i£
jt-.»« *4^
A.ju4^i
*SM
WE OFFER THE
-~ja4> ?*£»>',
«
■-•
*i*»»
«-*««•
-.■ ..•'WA
• -<*■
»>h.
w #
w'
FOLLOWUP SEOURITIESnlN AMQUIITS TO SUIT PURCHASER,
PREVIOUS
SUBJECT TO
SALE
Short-Time S ecured Notes
$100,000 Baltimore & Ohio Railroad Co.
$100,0b0 Minn.
43^% Secured Notes, due June 1, 1913
To Yield about
50,000
fjie
5% Secured Notes, due Feb. 1, 1911
4.91%
To Yield about 5%
itJOlodd jfeniisyWania Railroad Co.
Coi&pany
Tidewater
6% 1st Lien Guar. Notes, due June 1,1913
3^9^Convertible Bonds, due Oct. 1,1915
,
To Yield about 5.43%
'ix
To Yield about
• *
'
'
'
■
■
(Unstpd)
$25,600 Louisville
Consol, (now First) Mtge. 4s of 1990
First
«7° Y^d ab^utv4.11%
100,000 Lake Shore & Michigan Southern
W
First
To Yield about 4%
Railroad Bohds To Net
$100,000 Duluth Missabe & Northern Ry.
4/4%-5&%
$166,000 Missouri Kansas
& Texas
iB&Sferal Mtge. AJ^s of 1936
{Genera! Mtge.-5s of 1941
4.69%
35,000 Misfcoiiri Kansas & Texas Ry.
Texas & Oklahoma
5.10%
First
50,000 Pere Marquette Railroad
,■
v
So,000
To Yield about 5.43%
,
Virginian Railway Co.
1st Lien
Rock 1 sl&nd Arkansas & Louisiana
First
5%
Mortgage Borids To Net 5%-6%
$50,000 Harwood Electric Co.
$25,000 Joliet, Illinois,
Mortgage 5s of 1939
To Yield about
Economy Light & Power Co.
5.06%
First
5%
To Yield about
25,000 Rutland Ry. Light & Power Co.
First
5.38%
25,000 Pocahontas Consol. Collieries Co.
Mortgage 5s of 1946
To Yield about
\
6.11%
25,000 Superior Water, Light & Power Co*
First Mortgage 4s of 1931
Mortgage 5s of 1930
To Yield about
Mortgage 5s of 1956
To Yield about
25,000 Consol. Water Co. of Utica
First
4.87%
c
First
First
Mo^gage ?4J^s of 1934
To Yield about
j, ;
■
4.61%
25,000 Chicago Rock Island & Pacific Ry..
Equip. 5s of 1917
To Yield about
Mtge. 5s of 1943
To Yield about
Refunding Mtge. 4s of 1955
,
*
5.21%
First Mortgage 5s of 1957
To Yield about
6%
Special Lists of (a) CONVERTIBLE BONDS (b) TAX-EXEMPT GUARANTEED STOCKS sent upon application
Detailed
descriptions of
jk
A
.»>
Ry.
To Yield about 5.26%
;,
100,000 St Louis & San Francisco R.R.
.Refunding.Mtge. 4s of 1951
w
QeneraJ Mtge. 3J^s of 1987 t
,
Legal for Savings Banks in Mass, and Conn.
To Yield about
......
25,000 Chicago & North Western Railway
4%
To Yield about
& Nashville R.R.
Mtge. 5s of 1937 f
..To Yield about 4.20%
^
.
Mtge. Reg’d 33^s of 1997 t
To Yield about
rust Funds
■.
$50,000 Manhattan (Elevated) Railway
4%%
Bonds Legal for New York State Savings Banks and I
*4 (
*'.
v'
+
& St. Louis Railroad Co.
any
of the above securities
and additional lists of
offerings will be sent
’W*'
^ • ' *-«*• • ° *i<f- ■ '■>} 1 '*0 j u|« f l % \ vO 1-UiY
ISSUE, LETTERS OF CREDIT AVAILABLE Hi ALL PARTS OF THE,WORLD
TRANSACT A GENERAL FOREIGN AND DOMESTIC BANKING BUSINESS
,
■*1 f i
33 Pine Street
Cable
Address
“Mimosa”,
'
fj. w
■
**>A
t
New Yofk
'il'T*
New
York
£?
624 Fifth! Avenue
New York
'507 Chestnut Street
* macfelphia
on
request.
CLEARINGS—FOR MAY, SINGE JANUARY 1,
May.
Clearings at—
1910.
New York..
HIM
122.282.269
r__
Baltimore
Buffalo
41.348.089
32,000.000
Washington
Albany
37,478,692
27,500,444
23.708.241
15,748,991
10,023^985
8,670,242
17.541.622
11.432,599
10,314,963
,
,.r
6,724.407
6.538.260
6,159.887
7,830.035
WUkeSfS^'IIIII
Wheeling
5,116,235
6,870.705
6.360,331
Trenton
Harrisburg
York
Erie
Binghamton
Or eensburg
Chester
Franklin
Altoona
Frederick
Total Middle....
5.739,789
3.902.517
3,668,890
1.926.900
2,313,561)
2,312,611
1,115,271
1,941,267
911.791
8,973.411,810
Boston
Providence
6,170,451
3,542,347
3,011,715
1,681,000
2,375,357
1*995,716
1,026,306
1,663,098
1,037,262
9,132,733.792
629,239,013
32,359.400
Hartford
663,361,796
31,660,900
14,788,654
16.709,829
New Haven
11,322,387
Springfield..
10,283,624
Portland
Worcester
Fall River.
Cincinnati
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
Evansville
+ 16.7
—12.1
—1.7
—5.1
+ 2.2
+ 13.0
+0.3
+ 10.6
+21.2
+ 40.3
756,260,875
—3.3
1.155.717,190
100,168,400
81.666.4'
80.319,2
50.044,983
38.383.405
25,695.200
17.719.596
11.995.154
1,145-,913,456
102,681.850
63.629,263
66,988,866
45,188.654
34.192.822
22.734.600
15,011.290
11,632,622
Dayton
3,647,567
1.897.838
Springfield, Ill
3,864,462
3,954,986
3,764,068
2,942.134
2,961,240
2,766,520
2.032.885
3,853,8
3,082,332
2.229,055
2.552,539
Quincy
Canton
2,327,207
2,995,854
2,011.189
4,356,855|
Bloomington..
2.309,472
Springfield, Ohio
2,100,000
Jackson
Decatur
2,092,884
1.783,584
L,555,553
1.431,591
1,594.233
878,084
174,831
1,301,316
2.626.773
Mansfield
Jacksonville, Ill
Danville.
Ann Arbor
Adrian
Lima
Saginaw
1.648,684,930
San Francisco....
Los^Angeles
Lake"city.”III
Tacoma
Oakland..
12,877.626
6,154,278
5.173.549
San Diego
Sacramento
Helena
1,963,331
2,375,729
Stockton
North Yakima
2,018,*4T
Billings
856,04
3,845l032
....
Total Pacific
3,616,975,714
170,819,900
95,656,304
59,929.762
48,989,119
39,445,916
48,347,489
24.363.364
Not
+ 19.9
+ 11.2
+ 13.8
134,989,447 + 14.1
110,894,646 + 10.3
77.299.492 + 14.3
51.887,150) + 11.4
43,124,760 + 10.2
30,560,386 + 12.3
27.649,861 +20.9
25.094.953 + 15.9
31,608,567 +22.6
+5.9
31,048.296
25,216,418^ +3L9
17.702,790 + 16.8
13,966,297
9,781,000
10,303,194
9.796,250
+m
5.316,846
+0.9
7,941.592
5,433,395
tiB
45,004,488,018
+ 12.2
3.513.079,639
155,386,800
+3.0
+9.9
+ 24.0
+4.6
+ 11.2
+ 13-9
+41.6
77,047.328
57.283.149
44,057.215
34^644,495
34,140,111
24,884,789
18.444.150
9,863,154
24.417,395
10,252,082
12,174,820
4,151,371,865
5,948,151,877
531,901,650
403.170,480
380,481,132
269,922,045
189,970,815
130,442,400
93,886,912
10,199,515
3,979,630,345
289,106,004
239,838,761
166,617.248
120.048.400
83.779.201
61,173,291
48.681.895
41,943,163
39,007,947
24,742,222
21.096.588
65,551,816
19,044,946
17,336,189
14,402,365
14,476,696
13.896.984
19,604,747
11,043.561
9,215,109
12,333,254,
16,045,430
14,866.440
20.788.540
14,377,025
11.279.395
9,358,072
10.782,949
8,709,154
7,125.712
10,846,246
4,210,606
748,421
1,360,167
+ 5.2
1,469,287
132,828
1.216,286
+8.5
+ 6.5
+31.7
+7.0
2.366,762
+ 11.0
12,754.914
—1.1
+4.6
7,031,117
+4.0
8.461.174,881
+21.8
+23 '
+0.7
+36.5
+ 15.8
+42.4
931,487,371
337,532,511
251,977,709
207,665,704
138,382,946
—10.6
114,221,819
62.647.689
27,573.639
26.225,290
18,989,959
14,688.720
11,872,684
10.665.083
7,208,406
8,729,270
7,441,970
6.362,633
7.853.481
3,489,590
557,910
5,955,056
10,662,666
7,812,091,690
759,519.656
266.530.045
206,557.698
149,014,092
120,092.191
73,690,054
100.030,279
4.034,295
3,818,028
2,064,068
L808.301
1,622,918
1.501.456
674.725
+31.3
+83
+46.4
Included"
in total
18,9921082
+m
101,348,099
37.871.87^
21.591.06i
19.134,190
18,015,769
10,334,002
9,040,539
9.393.488
9.982.204
11,569,801
9,751,092
4,065,940
7.427i984’
3.697,719
Not" Included
+31.6
+12.5
+ 14.0
+i!:i
+7.2
+ 17.7
+ 12.3
+ 17.9
+ 19.8
+6.3
+ 17.0
+ 29.4
+ 22.1
+34.3
+41.1
+ 19.8]
+ 20.5
+ 29.6
+ 21.1
+5.7
+ 29.8
t 9i
+ 12.0
+88.1
+ 20.7
+34.2
+ 18.1
+37.1
+ 5.4
+42.1
+ 10.4
+23.2
+31.6
+ 10.0
In
total
81,519,909
178.898,647
Wichita
Lincoln
Davenport
Topeka
Cedar Rapids
Colorado Springs....
5,478,407
5.058,600
wm
FremontH 1111111II
1,446,649
3.939,627
Fargo fcUw
Sioux Falls
Total other West..
649,882.850
Details of Southern on
Total Southern....
.719.885
673.793.931
5.335,942.851
13.002,493,727
4,907,243,636
•
•
’
■
^
t
Table
Cleuings
mm
8,342,56
18.885,30
lilesflSISj
13.065,'
19,844.072
70,255,224
2.906,035.578
12,000,1
2,446.126.507
+16.6
4.112,556,426
3)561,493,006
+L1
72.422,622,784
+60.6
+33.4
+ 15.3
+ 2.0
+4.3
+ 23.1
+ 19.2
+ 12.0
+ 25.5
263.424,745
274,064,837
20,541,700
22,527,900
18,816,527
18,355,350
11,563.247
7,585,879
5,832,400
4,055,368
2,619,595
2,667,107
1,830,951
1,945,865
1,252,322
772.705
846i448
934,591
901,019
800,000
676,103
440.972
469,651
922.437
611,529
424.357
515,233
408,656
357,566
244,029
364,193
191,724
25,770
13.336X146
14,340,839
10,284,063
5,915,023
5-369,900
3,321,698
2,954.688
2,257,859
1,712,907
1,701.6281
1,113,400
795,354
949*170
892,710
724,292
700,000
658,740
403,971
481,023
590,810]
1907.
,281,153,532 1.386,695,324
88,554,209
136.154,086
32,095,756
47,
7.197,232
18,196.413
r.999
24.227.1
7,236,273
7,023.!
1,538
4.591.581
6.328,068
4,088,977s
6j450.647
2,634,348
4.039.501
2,170.025
1,870,903
1,442,827
1,167,902
933,851
973.021
1,001,325
978.182
937,508
866.408
1,051,293
724,834
77V,908
mn
606,722
434.375
390,400
540.814
623,170
390,200
339,816
503,341
252,428
302)240
112,251.782
4.52&100
2,339,168
1,801,230.
1,655,000
1,243,510
1.102,429
757,375
469,862
375,665
117,161,845
6.078.600
3,319,059
2,264*117
1,699; 796
1,487.559
1,371,487
931.756
441)284
363,976
457.450
+2.1
126,886,097
135.799.843
—3.9
—8.8
+ 41.1
+ 28.0
+ 12-4
185.740,277
203,660,528
18.092,550
12,796,232
10,947,273
6,678.335
4,933,954
3,673.900
8M
11,572,537
+28.2
+8.6
+22.1
—11.3
+ 18.2
+ 6.9
+ 14.3
+ 12.5
—2.8
—10.9
+ 4.7
+24.4
+ 14.3
+1:1
—2.4
3.058,604
1,654,879
UliMl
1«:ii
9
082,199
6;442,196
4,462.200
2,988.115
2,473,076
1.998.494
2,136.935
700,350
720,606
561,899
518,599
539.757
784,697
609.296
666,540
500.000
533,000
419,309.
293,797
398,515
320.440
286,924
295,228
230,000
492,992
405,352
330,884
510,333
487,130
355,128
255.000
326,498
283,399
167,418
268,248
280.976
+ 56.2
+ 17.5
—8.2
+ 86.7
—16.6
—3.1
+0.6
+9.1
+ 19.6
—2.9
—4.5
368,259,497
+0.7
258,997,227
288,702,469
31,783,801 +22.4
13,334,674 + 17.2
12,656,826, —15.3
6,115,202 + 43.0
—7.4
6.293.415
3,115,524 + 47.3
—4 7
5,681,602
1,687,400 + 59.1
1,125,000 + 24.4
1.004,068
+ 1.0
25,507,007
7,119,999
6,000,000
3,832,926
2,045,633
3,887,903
2,860,405
1,226,639
800,000
37.425,230
9,614,532
520,407
462,224
276,000
490,696
369,1,14
242,674
333,765
160,256
26,529
275,540
264,927
149.441
180,126
115,564
12,136
250,000
"97*624
14,000
330,000
i
+8.9
+ 18.2
+ 21.7
+ 20.J
+31.4
+ 10.0
L0
+34.6
+5.6
+ 12.4
+8,1
+88.0
+51.9
+ 18.8
15,625,762
10,721.788
8.747.263
4,589,019
5,413,192
2.685,621
1,400,000
1,014,260
790,888
538,104
7.586,856
6,186,570
2,529,260
5,156,045
4,256,678
2,285,643
1,191,392
—33.6
407,950
409,970
363,172
338,972
154,123
+31.9
+4.7
+42.2
+32.8
+ 19.1
641,287
586,918
396,926
407,000
313,488
144,880
108,332
359,819
800,000 Not Included In total
85,663,110 + 14.2
97,825,042
55,879,343
76,278,079
+ 20.7
+ 17.9
+ 8.8
+ 49.1
+ 14.5
26,274,602
13,444,147
9,927,039
9,533,036
6,021,216
25.877.132
17,313.298
+32.“
+ 22.
+35.2
+ 20.3
+7.4
3,948,350
+ 5.4
+ 1.6
+ 15.3
+ 24.7
—8.8
828.338
429,233
516,482
450,000
183,515
>96,138
18.759.988
16,773,677
11,835,885
9,135,128
7.103.544
3,588,794
2,972,1"
2,858,1—
1,404,928
1,269,037
46
1
5fc8l468
38,927,290
15,917,346
14,494,121
7,937,552
7,980.905
5,351,662
2,925,119
2,198,532
2,369,921
1,307,379
1,203,811
1,189,483
1,147.766
1,323,465
716,660
480.342
373,182
792,510
*805,000
3,549,449
130.940.498
485,000
2,559,000
108,017,855
171,101,417
150,037,027
541,287
2,182.494
1,534,359
1,320,006
1,091,145
857,940
520,732
458)765
788,365
8,974,950
7,696,316
6.837.309
5,522,722
1.910.000
1,717,243
1,218.549
1,288,793
618,966
724,707
541.049
700,000
538,477
195,974
+ 66.0
412,070
400,317
355,000
359t819
282,490
+38.7
+ 21.2
79,774,601
81,814,884
+14.0
113,110,339
134,054.769
+44)
e1466.
all......„...
Outside New York.
28,221.599
22.436,085
12,893,158
+28.9
2,328,200
12,000.000
476.715.291
t.739,721
,006,179
Dulpth*
Total
3*056,1^3
31,618.531
27,785.828
1,465.473
1908.
+5.4 1.450.917.585 1,628,771,031
158,343,945
5,827,229
Minneapolis
11,023,904
10,166,287
5,936,663
4.943,991
5.326.456
1.446,939
2,359; 114
1,820,476
+9.8
+ 26.0
+3.8
+ 13.0
—17.8
+36.3
+ 13.6
—0.0
+ 9.8
+35.7
+ 12.7
+ 65.4
+ 27.7
+16.0
+20
+ 20
+ 21.9
23,628,561
15,392.531
3,026,453
+
+28.6
+36.5
1,059.189
759,560
406,445
471,693
38,892,686
+24.6
Des Jfotnes
Sioux City..
6,727,100
+9.6
+6.7
+2.2
+ 10.6
+ 17.3
+ 10.9
+6.3
+ 14.6
+9.2
+4.5
+28.9
370,066,287
941,771,701
350,018,418
299,071.182
187,720.009
186,297.958
132,767,017
76,985,158
55,157.313
45.683.863
St. Joseph
3.288,634
2.388,329
1,703,940
1,371,729
1,317,608
1.171.975
1,642,149
1,368,523
1,176,811
797.389
606.765
305,700
473,582
461,741
231,027
381,560
+ 12.0
+9.6
+ 1.5
1,627,492
+8.3
1.819.259,063
202,811.288
156.890,423
93,652.487
66,544,099
60.015,157
34,775,267
33,866,575
28,227,686
30,204,062
15,481,129
5,477,840
2.038,582.453 1,928.638,384
+22.6
+ 26.7
+22.0
+39.4
1,092.571,518
228,920,963
8.840.058
6.878,590
%
+5.2
+4,2
28.
+ 19.6
2,266,792,679
ilM
24,547,361
+22 l
+ 19.8
48,524,865
40.126,189
27,850,874
17.226,766
13.098,347
11,977,151
6.294.179
6,176,284
.
+0.4
+3.9
+ 19.4
+ 13.3
+ 12.3
+ 12.6
+37.1
+ 12.1
+ 17.9
+ 11.9
+ 18.8
+ 18
+6
+ 24.9
+ 2.9
+ 13.8
+ 19.0
+ 14
+4.1
36^544,61
.686,
1,608,486
l ,358.996
131,
40,239,573
+ 4.3
—2.1
+32.4
379,235,840
61,386,083
518.146
581,627
239,856
431,209
1909.
138.620,950
202,703.010
78,574,091
417.200
Inc. or
D*c.
141.320,683
7,015.300
3.726,826
2.813,100
2,038,730
1.838,268
2,097,387
870,757
1,035.556
461,906
471,539
163,690,052
454,177,878
69.132.939
1,774,159,016
136,828,705
51.772.456
26,906,726
8.975,628
7,535,964
5.846,896
3,360,077
2,640,979
1,997,390
1.521,118
1,400,647
1,343,175
1,793,912
1,430,433
1,250,000
850,487
780,206
+ 15.2
Kansas City
Omaha..
St. Paul
Denver...
1910.
+ 22.9
5,592.098.671
57,292,107
47,101,758
45,976,640
29,642.960
22.417,379
22,273,320
22.437.809
17,590,076
19,436,800
7,737,896
5,027,641
3.945,789
2.711,087
Fresno
San Jose
+^1.6
+ 19.8
896,733.349
577.200,330
181,965,509
27.203,757
20,672,240
18,256,944
9.902,393
11,871.847
12,038,520
5,304,379
9.061,659
5,275,582
50.524.691.415
Week ending May
Inc, or
Dec.
39,969,821,908
2,709.151.577
32,877,874
+2.7
+39.6
15,003,5
24.973,480
1909.
38.754,310]
+ 14.8
26,526,5
21,363,758
22,331,607
Spokane
3.244,596.449
1,075,251,462
642,077.972
207,093,495
154,020.791
122,284,907
88.339.878
57,783,884
50,102,643
34,332.640
33,419,581
29,076,824
2,045,930
1.498,601
1.804.310
1.487.201
1.^84.753,994
182,643,
69,283
48,388,541
41,395 362
30,706,141
44,595,031,384
+9.7
■ +9.7
+ 45.4
824*859
Months.
1910.
+3.1
+ 10.8
+19.3
+ 13.0
+ 12.7
+2.6
+6.7
+ 13.7
+25.5
+30.1
+ 11.4
S.263,4301
3.691,437
Lexington
South Bend..
+ 12.+ 13.0
+ 13.5
7,885,728
tiSJB
Akron
+0.9
—2.4
+28.3
+20.0
+ 10 “
Vmill
8,914,311
5.984.732
3,966,965
Fort Wayne
Youngstown
Rockford
Boise
Pasadena
+8.7
6,891,144
6,921,314
4,416.468
msf
Total Middle West.
+21.8
+ 14.6
—2.6
+ 15.9
2,062,162
~
Total New England
Chicago
+16.0
+4.8
+ 11.4
+ 14.1
+ 19.0
+ 13.8
+8.6
+20.4
+14.0
+3.1
+20.2
+ 10.2
—0.8
+ 14.8
+ 13.3
+ 11.8
Lowell
Holyoke... T
%«
+ 13.6
+ 17.5
+ 1.3
+ 10.3
8.354,396
9,707,395
4,382,715
4,218.365
2,150,980
2,306,951
731,035,055
New Bedford
Salt
8.096.250.092
558.094.947
183.241.113
120,738.491
24.847.280
Rochester
Scrapton
Syracuse
Reading
1909.
7.806.969.557
Philadelphia
Pittsburgh
Five
Inc. or
Dec.
AND FOR WEEK ENDING MAY 28.
±
*
i
*
"arc:
*
:
2,966,805,749 2.798.959,819
1,192,646.733 1.112.351.333
+8? 27,827,591.400
*
by Telegraph and Canadian hearings
on
Page 1460.
*
Not
included In total; comparison Incomplete.
+0.0 2,085.315.192 2,845,077.075
804,161,660
958,381,^51
1446
THE CHRONICLE
able)
[VOL.
LXXXX.
likely to prove equally abortive. The
is, those who hoped to effect a squeeze in cotton
At a time when a feeling of gloom prevails on account have been
deluged with supplies of the staple. As
of the action of the Federal Government in enjoining
usually happens in such circumstances, natural laws
the advance in freight rates on the roads west of have worked their own corrective.
During the month
Chicago which was to have gone into effect the present which has just closed deliveries of actual cotton on
week, it is important that sight should not be lost of May contracts reached no less than 335,500 bales, and
the fact that there have recently been favorable this
represents the amount of cotton which the bull
developments, too. Among these, first place must be clique had to take and finance. At $75 a bale the
given to the bright prospects for the crops and the cash involved would be over $25,000,000. It is not
collapse of the speculation for higher prices in both the surprising in this state of things that instead of prices
grain and the cotton markets. Those who do not going up they sharply declined. On May 13 middling
keep in touch with the grain markets probably do not upland spot cotton in this market was quoted at
realize the extent of the decline which has occurred 16.05
cents, but May 31 saw the price down to 14.50
within a very short time in the price of wheat. On
cents, with the quotation yesterday 14.90 cents.
May 9 the July option for wheat at Chicago sold at Similarly, the July option dropped from 15.79 May 13
$1 05%. On May 31 the same option sold at only to 14.18 cents
May 31, with the close yesterday 14.78
91% cents and the close yesterday was at 92% cents. cents. As is shown by our cotton acreage
report
At the corresponding date last year the price was which we issue
to-day, the condition of the growing
$1 18%.
crop at this moment is promising, and at the same time
A two-fold significance attaches to this big
the
drop in
acreage is the largest on record. As far as can be
the price of wheat.
In the first place it attests the judged, therefore, thus early in the season, the indica¬
steadily improving promise for the growing winter- tions are for a large crop the present year.
THE FINANCIAL SITUATION.
wheat crop as we get nearer to harvest time,
the second place it reflects the liquidation
and in
by the
speculative pools which had been holding up prices
against natural conditions. This liquidation in turn
means that large quantities of wheat which had been
tied up have been released, and hence will be available
for consumptive needs at home or abroad.
The decline
in prices has also extended to the other cereals. For
instance, July corn at Chicago fell off from 63% cents
May 9 to 56% cents May 31 and closed yesterday at
58% cents, which compares with 73 cents last year,
while J\ily oats at Chicago dropped from 41 cents to
35% cents and closed at 36% cents, this comparing
with 53% cents a year ago.
We need not dilate upon the part which abundant
crops in this country play in promoting trade activity,
and what a hopeful sign, therefore, declining
prices,
which foreshadow bounteous harvests, constitute.
They mean much from every view-point—a condition
of plenty for the farmer, cheaper food for the
masses,
and will prove a potent agency in helping to
rectify
the dislocation of our foreign trade.
Food prices
during the last two years have been inordinately high,
and it is certainly a most gratifying feature to see such
a marked
tendency in the other direction, enabling
consumers to supply their wants on much more ad¬
vantageous terms. These lower prices, too, will place
us on a
parity with the markets in other large grainproducing countries and lead to much freer exports
of these commodities.
With larger merchandise
exports the danger of a resumption of the gold outflow
from this country, which reached such enormous
pro¬
portions in April, but was checked in May, is altogether
removed, and the prospect of gold imports in the
autumn greatly strengthened.
As it happens, too, the situation as
regards cotton
has also been becoming steadily more
assuring—and
cotton constitutes the largest single item in our
export
trade.
A month ago everyone was in dread of a
corner in
May contracts for that staple, which the
manipulators had planned, and of a possible second
corner, in July contracts.
The May corner did not
materialize and the^plar^s for cornering July
cotton, if
they are still entertained (which appears quite improb¬
•
seem
truth
Another
encouraging feature is the improvement in
large takings
particularly in
France.
This improvement abroad is reflected in the
reduction this week in the Bank of England rate from
4% to 3%%. Evidently anxiety in London growing
out of the excited speculation in rubber and oil shares
and out of a fear of disturbance from the
large tax
collections has been relieved. Evidently, also, the
$32,000,000 of gold which we shipped to Great Britain
during the month of April has been a powerful factor
in removing apprehension.
Except for the composure
thus promoted in financial circles in Europe, it would
have been impossible for our bankers to float such
large
financial conditions in Europe and the
of our securities on the other side,
amounts of American securities abroad
as
have been
actually placed during the last few weeks. This week
$17,500,000 New York City revenue bonds found a
market in Paris, and it is announced that the
public
sale of $50,000,000 (250,000,000 francs)
Chicago Mil¬
waukee & St. Paul 4% debentures proved
eminently
successful, the entire issue having been quickly ab¬
sorbed. In our review for the month of May
given in
the June number of our “Bank & Quotation
Section/"
which accompanies to-day’s issue of the
“Chronicle,”
we enumerate other instances of the
placing of Ameri¬
can bonds abroad.
Of such magnitude have the tak¬
ings by Europeans been during the last few weeks
that it seems entirely safe to say that never before
have they reached equal proportions
during a given
period of time. These security sales tend to cancel
our adverse trade
balance, and in that we have another
circumstance which increases the
probability of a re¬
turn movement of gold from
Europe the coming aut¬
umn.
It also explains the weakness
throughout the
week of our foreign exchange market.
A
week
severe
blow to railroad interests
was
dealt this
by the action of the Federal Government in going
Court and getting an injunction
restraining
twenty-five railroads operating west of Chicago, and
also the Western Trunk Line
Committee, which exists
for the purpose of discussing matters of common inter¬
est, from carrying into effect the advances: in rates
into
June 4 1910.
THE CHRONICLE
which had been fixed for the 1st of June.
1447
minded
people. To us it seems like a piece of sharp
ceeding is brought under the provisions of the Sher¬ practice worthy of a pettifogging country lawyer, but
man Anti-Trust law, and thus this famous statute
hardly becoming in the chief legal officer of the United
has again proved a serviceable weapon in the hands States Government.
The Court action which will not
of the Government at a time when everybody was bear discussion, that cannot stand the light of day,
least prepared for it. It is charged against the man¬ is indeed a pitiable one.
agers of these roads that they conferred together re¬
We may go further and say that the fact that the
garding the new rates before announcing them, and
that in some instances the same messenger filed the Government has chosen to proceed under the anti¬
new
The pro¬
tariff sheets with the Inter-State Commerce Com¬
trust law is itself
a
confession of weakness.
It is
Washington for several different roads. proof that the Federal law officer has no confidenceconspiracy and of intent to vio¬ that he could succeed in having the higher rate sched¬
late the anti-trust law, it is pointed out that the rates ules set aside in an action where the proposition would
have to be considered on its merits.
The Inter-State
are actually the same by all the different roads to the
same points.
To a Lapland greenhorn this uniformity Commerce Commission under the law as it now exists is
of rates might seem remarkable, but it is no more vested with full power to determine the reasonableness
strange and no more evidence of contravention of the of rates and has ample authority to make investiga¬
Federal anti-trust law than is the fact that in every tions to that end on complaint. Had the rates been
bakeshop in this city the price of bread of like quality allowed to go into effect on Wednesday shippers could
is the same and the loaf is of equal size, nor that every at once have filed complaint against them with the
retail coal dealer charges the same identical price for Commission and that would have opened up the whole
the same grade of coal that every other dealer does. case to consideration on its merits. On the merits
The prices are uniform because if they were not the the evidence would have shown that enormous addi¬
business would go to him who charged the least bit tions to the expenses of the roads had been made
less. In like manner railroad tariffs are uniform be¬ through compulsory advances in wages and that the
cause, if they were not, the road making the slightest higher rate schedules were simply an effort to find
concession from the common basis would get all the compensation in part for these extra outlays. In this
traffic.
shape the matter would ultimately have reached the
It is announced that Attorney-General Wickersham courts, but it is manifest that the Attorney-General
acted with the concurrence of President Taft, and that felt it would not be safe to have the case come
the matter was even considered at a Cabinet meeting. up for determination in any such plain and direct
So much the worse. But Mr. Wickersham claims manner. An action under the anti-trust law proved
credit to himself for having outwitted the managers more convenient, as it might avoid trial on the
of the roads.
He proceeded with great secrecy. merits.
The railroads were prepared for opposition on the part
Mr. Wickersham thinks that he has stolen still an¬
of shippers but did not expect interference from the other march on the railroads. He has filed a certificate
Government. The Attorney-General is anxious to for expediting the case under the provisions of the
have it known that he encouraged them in this belief Elkins law with the Federal Court, and accordingly
—encouraged them in a fancied sense of security. the case at once goes to the United States Circuit Court
He announces through the Washington dispatches of Appeals for the Eighth Circuit. This is the Court
in the newspapers that he worked on the case for many that condemned the Standard Oil Co. as a monopoly
days but let no outsider into the secret.
He laid operating in contravention of the anti-trust law, and
his plans with the utmost care, but made certain that Mr. Wickersham seems to. think he is assured in
no knowledge
concerning the same should reach the advance of judgment in his favor. But here, we
officials of the roads or their attorneys. Even when believe, he is reckoning without his hosts. The
representatives of Western merchants and shippers judges in this circuit are Hook, Sanborn, Vandevanter
called on him on Monday and urged him to seek to and Adams, and they all have a record for very sound
enjoin the roads, not an inkling did he give that he opinions. There are no abler judges anywhere among
had his case already prepared, his papers all drawn, the Federal judiciary. It is true that they have been
the Court selected where application was to be made, strict in their construction of the anti-trust law, but it is
and was simply waiting until the very last minute to also true that they have been fair in their treatment
spring his trap, leaving no possible means of defeating of the roads. And the latter is all that any one would
him in his Court proceedings.
It is explained—we ask for the roads. Their case in the present instance is
claim no knowledge of our own regarding the matter, such a strong one that the outcome cannot be in doubt
but are simply repeating what we find in all the news if they get a fair and unprejudiced hearing.
In the
the
meantime
roads
in
Central
Traffic
Association
dispatches from Washington in the daily papers—that
if the managers of the roads had been given the slight¬ territory have filed notices of advances in rates, the
est hint of what was intended or of the Court to which higher schedules to go into effect July 1, and the
he meant to apply, they would have had lawyers trunk lines have also given notices of proposed ad¬
ready on the spot to argue against granting the in¬ vances, the new rates to become operative July 5.
junction, and then he might have failed to get his in¬ In some instances the roads have filed their new
junction. He accordingly waited until Tuesday night, schedules independently, in other instances some
May 31, when there were only a few hours left before common representative has acted for several roads.
the new rates would go into effect and then got Judge If the Attorney-General seeks to enjoin these advances,
David P* Dyer in the United States District Court at too, or if he carries out his announced purpose of having
Hannibal, Mo., to issue a restraining order. We won¬ all the traffic associations and similar organizations
der if this performance will commend itself to rights throughout the country decl&rfcd illegal, he will find
mission at
As further evidence of
THE CHRONICLE
1448
[Yol.
lxxxx.
work
But the wholly in factors which have not yet advanced far
enough to exhibit themselves in the cities, yet exist
The unfortunate feature on his side of the argu¬ unmistakably in the country at large.
Where men
ment is that while the higher freight schedules are are massed and in continuous communication with the
being held up, railroad returns are coming in, in rapid world, as they are in great cities, they are naturally
succession, all showing tremendous increases in expen¬ more quickly susceptible to the sway of emotion, either
of encouragement or of discouragement.
ses even before the advances in wages had begun to
Hence,
count in railroad affairs to any extent.
Thus the while public opinion in the cities may be more immedi¬
Pennsylvania RR. on its lines directly operated east ately influential, it may be that we should look more
of Pittsburgh and Erie shows for the month of April to the slower and more impassive body of the people
an increase
of $1,170,800 in gross earnings, but at large for the permanent public opinion upon which
attended by $1,035,300 augmentation in expenses, the country rests.
At least we may profitably recall to mind nowr and
leaving only $135,500 gain in the net. On the lines
west of Pittsburgh and Erie the result is still worse, for then the fact that in a more substantial sense the whole
with $901,100 gain in gross there has been an addition country rests upon the product and the producers
to expenses of $961,500, producing an actual loss in outside the cities.
We may handle products, exchange
forecasts
and opinions, and make prices, and thus the
net of $60,400.
Combining the Eastern and Western
lines, it will hence be seen that an improvement of cities may flatter themselves that they are the ganglions
$2,071,900 in gross has brought with it the insignificant of the country’s system; but without the soil there
gain of $75,100 in net. In other parts of the country would be nothing to handle or discuss. The soil em¬
bodies the main resource and no errors in policies or
some of the leading roads make even worse exhibits.
The Rock Island lines, with $416,146 increase in gross conduct can deprive us of it.
Perhaps the great sub¬
for the same month, have suffered a loss of no less stantial strength of our natural resources and geo¬
than $676,415 in net, owing to an increase of $1,092,561 graphical position serves to conceal the effect of mis¬
in expenses.
The St. Louis & San Francisco, though takes, but the country is able to endure mishandling.
having gained $153,383 in gross, loses $354,791 in net. Moreover, the superficial elements in public opinion
The Northern Pacific, while having added $905,294 to are always the noisiest; a single grasshopper, on a hot
gross, loses $236,945 in net because of a tremendous day in July, makes more racket and more disturbance
increase in expenses. The Southern Pacific is $906,927 of the ear than fifty cattle grazing in their pasture.
It
ahead in its gross but runs $108,453 behind in its net. is the second and sober thought—sober because it is
The Union Pacific, out of $1,110,458 expansion in gross slow—which counts in the end. Just now there is
earnings, has saved only $73,724 for the net. In the much hubbub over questions of relative distribution.
South the Louisville & Nashville, with $774,612 in¬ These will gradually settle themselves in an orderly
crease in gross, has $17,353 decrease in net, and in
fashion; meanwhile, the great processes of production
rthe Southwest the Missouri Kansas & Texas, though go on without halting.
.having enlarged its gross by $231,884, suffers a
The still-continued resistance of commuters to the
decrease of $148,871 in the net. In this last instance
increase
in local passenger rates has had the effect of
the monthly return also shows the fixed charges, and
from this it appears that on account of the loss in the deferring to the end instead of the beginning of this
.net and some coincident increase in the fixed charges, month such increase on the New York New Haven &
the road failed to earn its fixed charges in April 1910 Hartford and the New York Central railroads; the
by $148,531, whereas in April 1909 there was a surplus Erie, the Central of New Jersey and the Delaware,
above the proportionate charges for the month in the Lackawanna & Western have also announced increase,
so that the recent plea that suburban residents will
sum of $104,990.
The proposed raising of freight rates was intended to transfer themselves to New Jersey loses force.
Some
increase
the
on
Boston & Albany and Boston & Maine
correct this unfavorable situation of railroad revenues.
is
Now these rate increases are being held up.
also made, and the policy of upward revision of
Lest,
however, the reader be inclined to take an unduly passenger rates to some extent is-to be expected gen¬
despondent view of the outlook, we deem it desirable erally, contemporaneous with revision of freight rates,
to quote here the remarks made by President James notwithstanding the fierceness of resistance.
Some
J. Hill of the Great Northern Ry.,as follows: “There is amendments to the law, designed to declare more
nothing to be frightened about in this rate matter. positively the power of the Public Service Commission
multiplying very fast on his hands.
courts may clip his wings very quickly.
.
,
.
.
All these differences have to be settled under the laws
of the
country and under the Constitution. There is
such a thing as a Constitution, and no one in the land
has the power to take property without compensation
until the Supreme Court says he may do so, and the
Supreme Court has not given a license to anybody to
confiscate
property.”
commutation rates, were obtained at the late
session of the New York Legislature, and will doubtless
over
be
approved by Gov. Hughes.
The general popular
attitude at present is quite accurately voiced in the
reported declaration by Senator Cummings of Iowa
that he “would rather trust the United States Govern¬
ment to fix rates than any railroad company on the
face of the earth.”
The transactions of the
The difficulty with this is that the question is not one
leading clearing houses of the
country in the latter part of May and the opening days of trusting; it is a question of arithmetic and utterly
of June represent very fairly the extreme dulness beyond control of any corporation or any Govern¬
of operations in the Stock Exchanges of the great ment. The “law,” that indefinite thing in which
centres; elsewhere throughout the country a more people vaguely put so much confidence, is powerless.
active industrial condition has been evident. The No increase in prices is agreeable to purchasers.
In
causes of this difference seem to have been almost
many cases, the increase works more than incon-
June 4 1910. |
real hardship.
venience and becomes a
(as in this matter of
so
Sometimes
commutation) the change imports
existing conditions that it
much disturbance of
of
We bought
(to interested persons) almost like a sort
seems
violation of contract, on
moral grounds.
the commuters,
in good faith and on the expectation that conditions
would continue as they were, and now the railroad
summarily changes them. But the railroad made its
rates upon the same assumption that conditions would
continue, and it can offer the same plea that a quasi
property and built our homes, say
our
After all the meddling and interference
by statutes and other artificial devices have spent
themselves, and have wrought the friction and mischief
for which they are amply potent, the consumer will
pay the entire expense and will realize that an irrepealable law compels him to do so. Thus he will
gradually learn, though painfully. The bow of prom¬
ise in this stormy sky of affairs to-day is the certainty
that the consumer—who knows already that something
hurts him but does not know what it is—will finally
have the matter brought home to him in such a way
to pay
them.
violated; moreover, nearly every that he will understand
necessarily builds his calculations for the future
contract has been
one
the assumption that things in general will remain
pretty much as they are. When his foresight fails,
as foresight must fail, and changes which bear un¬
favorably upon him occur, the only course left to him
is to adjust his own conduct to those changes and leave
others to successively adjust theirs.
Although some persons seek to treat the increase
in railroad expenses as a light matter or to show that
they had already been discounted, it is not denied
that wages and prices otherwise have been raised;
therefore the only question open to consideration is,
what shall be done about it? Inasmuch as the popular
mind has for several years past been more and more
upon
saturated with the notion that (the important
matter
alone is to make
not to be angry,
or even surprised, at the disposition of commuters
to rise in arms, figuratively, against a change which
disturbs themselves; this disposition is in human
nature, and it is appearing now in other fields also.
For example, the Municipal Council of the city of
Newport News, Va., needed (or thought they needed)
more money.
One of our American defects is that
of labor being excepted) the buyer
the prices of commodities, we ought
taxation is not scientific
and is not even studied;
following the apparent line of least resistance seems
difficult problem,
taken as being a
handy store of cash for levy. So the Newport News
Council imposed a tax of $25 flat and 5% ad valorem
on local fire insurance premiums, for which the sole
excuse was that the city needed money.
The under¬
writers responded by imposing a 10% increase in the
rates on all classes of property in Newport News,
the easy way of getting rid of a
and therefore insurance is always
and then the citizens
It is the
rose
same case
in resistance, in their turn.
and the
same
conduct, observe,
only in another field. If the railroads are weakened
financially, they tend towards bankruptcy, a situa¬
tion in which (when it arrives) a genuine public
interest will be discovered that is not just now realized
by the protestants. If the insurance companies are
weakened, a conflagration may sweep them into bank¬
ruptcy and convert the policies of the losers into waste
paper.
Yet the citizens of Newport News are looking
looking—to find some puissant statute,
or some Commission, which will apparently shift the
burden from their own shoulders; to what other
shoulders they are not now caring. In Newport
News the first step taken was to procure the arrest of
some representative
underwriters on a charge of
conspiracy, and this was done in a purposely annoying
and spectacular way by catching these men while in
attendance upon a business convention of their own.
Now the consumer pays all expenses of whatsoever
nature.
He does this because there is nobody else
—as
others
are
/
some
elementary truths.
changes made in Great Britain on death duties
(or inheritance taxes, as we call them here) are
The
especially interesting now that those imposts are
assuming more importance and an increase in them is
proposed by a bill in the hands of Gov. Hughes. One
of the British life insurance companies publishes a
comparison of the new with the old rates, and uses the
change as a silent argument for increased life insurance,
since policies are sometimes employed to offset the
slice which will come out of estates at death of their
present holders. The schedule as printed covers
amounts of estate ranging, by progressive, although
irregular, steps from 10,000 to three millions sterling.
The percentage of taxes rises, as before, with the
amount of estate.
The rate of increase upon the old
amount of tax is a third on an estate of £10,000; 25%
on £20,000;
33 1-3% on £30,000; 55% on £50,000;
37%% and 43%% on £75,000 and £100,000 respect¬
ively; then 50% on £125,000 and £150,000. The rate of
increase then drops to 33 1-3% on £175,000; rises to
50% on £500,000, by two intermediate steps; then
declines and is 36%% and 18%% on two and three
million pounds respectively.
The theory of increase
as the size of the estate increases is not closely adhered
to.
This, however, is merely the ratio of increase upon
the absolute amount of tax formerly levied; the
of tax itself upon the estate does
follow, and followed before, the idea of progressive in¬
crease according to size of estate.
The old rate was
3% on £ 10,00(j and it went at a pretty uniform rate
and without any drop backward to 11% on two and
12 2-3% on three millions. The new rate begins at 4%
and ascends by one unit at a time to 14% on one
million and 15% on 1% to three millions.
As this State also needs more money, the inheritance
tax—which was indirectly suggested to Congress not
very long ago as being one thing that the Federal
Government ought to leave for the exclusive purveying
of the States—has a turn quietly given to its screws.
A bill for this is among the 30-day bills left by the late
session, and the Tax Reform Association of this city
has filed a protest against approving it.
The bill re¬
tains the present 1% in respect to direct heirs on
estates from $10,000 to $100,000, but raises the rate
to 2% on estates of $100,000 to $250,000 and to 5%
on those above $250,000.
The present 5% in respect
to collateral heirs is raised to 7% on estates from $500
to $100,000, 8% on $100,000 to $250,000 and 10%
on estates above $250,000.
The protest filed against
this bill cites the important objection that such
changes ought to be made only with due deliberation
and an opportunity for hearing, whereas this bill ap-*
peared in the Assembly only late in April and wast
actual percentage
,
1450
1'HE CHRONICLE
[Vol.
lxxxx.
rushed
through that body on May 13, without atten¬ .They realize that cotton
planting can be overdone,
only a thin attendance. Increase in the and w7ith that lesson learned their situation has ma¬
tax is enacted
according to size of estate, and the terially improved. In the older States,
consequently,
protest particularly urges that it would bear unjustly the changes in area this
year have been moderate; but
upon collateral heirs.
The assumption is that persons when we come to the
territory west of the Mississippi
who are virtually receiving gifts
through inheritances River (Texas and Oklahoma), where much
virgin soil
cannot offer a sound
objection to the States taking is being brought under cultivation each
year, we find
a liberal toll, and in this bill it seems
to be assumed the
large gains in cotton acreage have not precluded
that, as collateral heirs are not in the most direct line further
important extension of the area devoted to
of relationship to the testator, a small collateral be¬
grain.
quest may properly pay more than a large direct one.
In addition to the increase in
acreage, we have to
The tax to direct heirs does not rise above
5%, but the report at this writing, as intimated above, a rather
present rate of 5% on collaterals is raised to 7, 8 and promising outlook for the
growing crop. In the early
10%, according to the size of the entire estate. Thus season
droughty conditions or low temperature, or
(as a sample of inequalities) it is suggested that a
both, were complained of as detrimental to the plant,
collateral bequest of $500 out of an estate of over and
late in April killing frosts occurred in some
por¬
$250,000 might pay 10% tax, while a collateral bequest tions of
every cotton-growing State.
Furthermore,
of $90,000 out of another estate of
$100,000 might pay early in May cold weather was quite
frequently re¬
only 7%. It is also objected that the increase on ferred to as a
hindering
influence,
and
to some extent
collateral inheritances will bear
severely on non-resi¬ lack of moisture; but since the middle of the month the
dent holders of stock in
corporations of this State, reports in the main have been
very satisfactory.
It
especially since such holders may be exposed to a tax thus happens that advices as we
to
go
press are quite
also in the State where
they reside.
optimistic, indicating a belief that with normal con¬
tion and with
The
ditions hereafter
a
Russian
Government, despite the lessons
learned during the last decade, has renewed its
perse¬
cution of the Jewish section of the
population, and the
ire of the whole civilized world is
again being aroused.
Apart from the ethical and political blunders thus
The
very
good crop
seems
assured.
foreign-born population of the United States
by month
continues to show material gains month
as a result of the
important immigration
in
movement
The immigration statement for
made, the financial aspect of the course followed should
April, issued this week, discloses that fact, as did the
not be overlooked
by St. Petersburg. It is true that statements for. earlier months of the current
year. Con¬
the Russian
Treasury is at this moment generously current with the free movement of aliens into the
supplied with gold and that the country’s agricultural
country, the efflux of the same class is
now
progress.
proceeding
being profitably developed, thus facili¬ along strictly moderate lines. In that
respect the
tating the balancing of budgets; but, as Russia as movement is in
practical
harmony
with
developments
well as every other Power
discovers, in times of war in 1909, but is in sharp contrast with
April two years
borrowing becomes absolutely necessary. Cash is as ago, when
departures exceeded arrivals—a situation
indispensable as cannon. And surely the Russian due to the
depression which then prevailed in our in¬
Government cannot be ignorant of the fact that in
dustries. The aggregate inflow of
immigrants during
the world of finance the race that it is now7
harassing April this year, at 135,052, compares with 116,754 in
wields infinite influence—an influence so
great that it the like period of 1909 and 41,204 in
1908, but was
has been said with more than a
grain of truth that be¬ less than in either 1907 or 1906.
fore any European
country can go to war it must
It is, of course, somewhat
resources
are
first consult the house of Rothschild.
At all events,
Russia cannot afford to flout civilized mankind.
It
is to be hoped that wTiser counsels will soon
prevail at
St. Petersburg.
interesting to
changes
or
variations from time
note the
to time in the
na¬
tionalities of those who make up the greater
part of
the arrivals.
We need hardly state that for
quite an
extended period the influx has been
largely from
Europe, Italians and Austro-Hungarians
predominating; but latterly, and especially in April,
Southern
The cotton crop situation on the first of June
this
year is referred to at length in our annual
acreage re¬
port of that staple
calls
for
on
subsequent
pages
and therefore from
extended notice here. The essential
features of that report are that there has been a further
augmentation of the planted area and that a rather
uncertain early outlook has within the
past few w7eeks
been turned into one of much
promise. As regards
area in
cotton, the conclusion wras
would be
at
no
an
increase this
for
some
a
noticeable expansion of the movement
of the countries of Northern
Europe. Thus,
instance, in this latest month the arrivals from the
British Isles at 16,604 were the heaviest from that
source for any month in a number of
years.
Much the
same is true of
Scandinavians, and
ment from the Netherlands and
recently the move¬
France, although rela¬
only natural there tively small, has shown considerable
expansion. The
spring and a quite general importance of this revival of
immigration from the
that; yet, in view of the incentives to a greater
planting (the disappointing yield of 1909-10 and the
high prices ruling), the addition our compilation dis¬
closes (4.48%) cannot be considered as more
than
comparatively moderate. Time was when, with cot¬
ton selling at such a
price as during recent months,
it wrould have been
difficult, if not impossible, to check
radicalism in planting. But the Southern
producers of
to-day are not putting all their eggs in one basket.
one
there has been
countries named lies in the fact that it
supplies in
some measure the
growing need for skilled laborers.
At the
same
time the inflow of
ordinary labor continues
heavy, the number of Italians arriving during April
having been not far from one-third of the combined
total from all countries and
actually greater than came
from all directions in the month of 1908.
For the four months
ending April 30 1910 the immi¬
grant arrivals
v7ere
380,019, which
contrasts
with
1451
THE CHRONICLE
June 4 1910.!
340.814 in 1909 and the
We have referred above to
small total of 124,392 in 1908.
the character of the
Pennsylvania Railroad return of earnings for the
month of April. The feature, as with other roads, is
the great increase in expenses—to the extent of wiping
out practically the whole gain in gross earnings.
On
the lines directly operated East of Pittsburgh and
Erie, with an increase of $1,170,800 in gross there is
an increase of only $135,500 in net, and on the lines
West of Pittsburgh and Erie, with $901,100 increase in
The
gross, there is a decrease of $60,400 in net.
result for the combined Eastern and Western lines is
that $2,071,900 improvement in gross has yeilded
only $75,100 gain in net. The present year’s imr
provement follows $2,468,900 gain in gross and
$690,400 gain in net in April 1909, but in April 1908
there were prodigious losses in both gross and net—
$5,402,100 in the former and $1,448,400 in the latter.
In the following we furnish a six-year comparison of
the earnings of the Eastern lines—being the only
portion of the system for which we have the data for
such a comparison.
Including non-immigrant aliens—non-citizen residents
returning from abroad—the arrivals in April 1910 were
153,915, against 138,382 in 1909 and 55,220 in 1908;
the four months' aggregate was 429,479, against 410,389 and 162,081 respectively.
On the other hand,
departures of aliens from the country, as intimated
above, have been of moderate volume, the April 1910
movement being about 25,000, or approximately
the same as in the month of 1909, but very much
smaller than for 1908. The four months’ total at
77,000 compares with 80,026 and 220,148, respectively.
To arrive at the net gain in foreign-born population,
we deduct these alien departures from the aggregate
arrivals and find it to have been 352,479 in the four
months since Jan. 1 1910 and 659,422 for the ten
months ending April 30.
For the corresponding
periods of the previous year the increases were 330,363
and 379,626 respectively, but for the four months of
1908 there was a decrease of 58,067 and for the ten
months of 1907-08 the gain was 242,251.
Lines East of
1910.
1909.
1908.
1907.
1906.
1905.
compilation of returns from all the Pittsburgh.
$
S
$
t
*
$
April.
10,521,888 13,370,388 10,249,188 10.789,288
clearing houses in the United States, given on the first Gross earnings. 13,046,188 11,875,388
7,719,232
Oper. expenses 9,793,432 8,758,132 7,801,632 9,986,232 7,275,332
page of this issue, there will be seen that, notwith¬
Net earnings 3,252,756 3,117,256 2,720,256 3,384,156 2,973,856 3,070,056
standing a decline from a year ago at New York, the Jan. 1 to April 30—
earnings. 52,894,929 45,530,129 41,897,329 50,573,929 45.607,029 39,144,629
aggregate for all cities exhibits a gain over the corres¬ Gross
Oper. expenses 39,474,256 34,981,656 32,652,756 39,104,456 33,580,956 30,688,057
ponding month of 1909, and that in a number of in¬
Net earnings 13,420,673 10,548,473 9,244,573 11,469,473 12,026,073 8,456,572
stances the percentages of increase are noticeably large,
especially at points in the Far West and South. Fur¬
Foreign discount rates at all centres except London
thermore, the totals for a large majority of the cities for and Berlin were unchanged during the week. The Bank
either the month or the five months, or both, are new
of England on Thursday reduced its minimum from 4
high records. To be more specific, of the 133 cities in¬ to 3J^%, but in open market discounts in London
cluded in our statement, the totals for the month at
there has been little change. Bills to arrive were
90 are heavier than ever before recorded in May,
quoted yesterday at 3 3-16% for 90 days and 3 5-16%
while for the five months 96 municipalities are in the
for 60 days. Spot bills were a fraction firmer at
same category, and others report figures exceeded only
3 5-16% for 90 days and 3 7-16% for 60 days.
At
in 1906 or 1907.
Paris the rate remained at 2J^%.
Berlin reduced its
The aggregate of clearings at all cities for the month
rate Friday from 3}4% to 3^%. The Imperial Bank
of May is $13,142,912,408, against $13,002,493,727 in
of Germany in its statement this week reported a
1909, or a gain of 1.1%. Contrasted with 1908 the in¬
falling off of $17,000,000 in cash on hand. Amsterdam
crease reaches 20.8%, with 1907 is 6.1%, and there is
did not change from 3^g%. Brussels was quoted at
only a slight decline (0.7%) compared with 1906, when
2M%- The Bank of Bombay has reduced its rate
there was very noticeable activity in stock transac¬
of discount from 6 to 5% and the Bank of Bengal at
tions.
For the five months the excess over 1909 is
Calcutta has reduced its rate from 6 to 5%.
12.1%, and compared with the three earlier years reaches
The Bank of England obtained three-quarters of the
43%, 8.9% and 6.5% respectively. Lessened activity
£1,000,000 gold offered in the open market on Monday,
at the Stock Exchange, as intimated above, is responsi¬
while Russia took the remainder. According to our
ble for the loss at New York of 3.6% for the month, as
special cable from London the proportion of reserve
contrasted with 1909; but for the five months there is
to liabilities advanced from 49.06% last week to
a gain of 11.6%.
Moreover, compared with 1908 the
50.72% this week. The Bank showed a gain of
increases are 17% and 52.2%,respectively, and with
£1,773,775 bullion and held £40,443,289 at the close
1907 reach 6.4% and 7.4%.
Outside of this city of the week. Our
correspondent further advises us
the increase in the total for May is 8.7% and for the
that the movement into the Bank was made up in
five months 12.9% when contrasted with 1909, with
greatest measure of purchases in the open market, but
the gains 26.7% and 30.5%, respectively, compared
receipts from the interior of Great Britain were fairly
with 1908; and there are excesses of 6.3% and 11.5%
large, and there were moderate imports, mainly from
over 1907.
Germany. The details of the movement into and out
The Canadian bank clearings exhibit for May and
of the Bank were as follows: Imports, £1,296,000 (of
the five months is a very satisfactory one, new records
which £300,000 from Germany, £26,000 from Australia
for the month and five months being established at
£137,000 released by Straits Settlements and £833,000
practically every city. The aggregate for the 13 cities
bought in the open market); exports, £291,000 (of
for May exhibits a gain of 19.6% over the same month
which £204,000 to Constantinople, £22,000 to South
of 1909, and for the period since Jan. 1 the excess
Africa and £65,000 ear-marked Straits Settlements),
reaches 24.2%. Compared with 1908 the increases
and receipts of £769,000 net frbm the interior of Great
are respectively 50.1% and 52.%.
Britain.
From
our
.
.
THE CHRONICLE
[VOL.
LXXXX.
The money market remains
quite easy and this
The following shows the
daily posted rates for
condition is now expected to continue until the
sterling exchange by some of the leading drawers.
demand from the interior arises to move the
crops.
On the Stock Exchange the
ruling rate for call loans
has been 3@3%%. Bankers have been
Fri..
Mon.,
Tues.,
Wed.,
May 28 May 30 May 31 June 1
Brown
disposed
to lend rather freely.
The maximum quotation for
the week was on Tuesday, when 3%% was reached,
but the quotations eased off and on
Thursday a
minimum of 2%% was touched.
Yesterday the range
was 3@2%%, with the
ruling quotation 2%%.
Time money for short periods is
unchanged, the
demand being very light.
A few long-period loans
were negotiated at
slightly lower rates. The detailed
Brothers & Co
Kidder,
Peabody <fc Co
Bank of British
North America
Bank of
.
*r.
m
4 8725 for cables.
at 4
;
►
Commercial
on
banks
was
quoted
.
_
-.
-ISlght..
J60 days
-\ Sight..
..
of Canada
The
85
85
88
85
88
85
88
85
88
85
88
84 H
88
84 H
87 H
85
88
88H
85
88
85
88^
85
88
85
88
HOLIDAY.
...
4 88
4 85
4 88H
following gives the week’s
to and from the interior
movement of money
$9,498,000
Gold
Total gold and legal tenders
Net Interior
Movement.
924,000
$5,218,000 Gain
794,000 Gain
$4,280,000
130,000
$10,422,000
$6,012,000 Gain
$4,410,000
Sub-Treasury operations and gold exports
the result is
Week
as
follows.
Infe
ending June 3 1910.
Total gold and legal tenders
Out of
Banks.
Banks.
Banks’ interior movement as above..
Sub- Treas. oper. and gold exports..
$10,422,000
Net Change in
Bank Holdings.
$6,012,000 Gain
27,100,000
28,100,000
$37,522,000
mr*
Loss
$34,112,000 Gain
*
$4,410,000
1.000,000
$3,410,000
——
The
in the
following table indicates the
principal European banks.
amount of bullion
June 2 1910.
June 3 1909.
Banks of
Gold.
Silver.
£
40,443,289
France... 185,610,720 35,397 ,640
Germany.. 41,872,200 13,866 ,950
Russia
140,597 >b00
8,402 ,000
Aus.-Hun
55,543,000 13,496 ,000
Spain.-.. 16,232,000 31,229 ,000
Italy
38,964,000
3,917 ,000
Neth’lands
8,778.000
2,548 ,900
4,239,333
Nat.Belg.
2,119 ,667
Sweden
4,453,000
Switseri’d.
5,447,000
1,811,000
Norway..
...
’
..
Total week 493,990,542 110,977,157
Prev. week 495,432,857
Total.
£
England..
112,547.r
*-
f-V-r
40,443,289
171,008,360
55,739,150
148,999,000
69.039,000
47,461.000
42,881,000
11,326,900
6,359,000
4,453,000
5:447,000
1,811,000
Gold.
£
37,302,532
Silver.
r
£
Total.
*
37,302,532
147,320,320 35,582,680 182,903,000
39.906,250 13,249,550 53,155,800
123,446,000
8,649,000 132,095,000
55.914,000 12,908.000 68,822,000
15,941,000 32.053,000 47,994,000
38,389,000 4,734,000 43.123,000
9,698,000
3,741,800 13,439300
4,305,333
2,152,667
6,458.000
4,384,000
4,384,000
4,778,000
4,778,000
1,634,000
1,634,000
1,967,699 483,018.435 113,070,697 596,089.132
r,980,734 485,752,982 113,490;710 599,243,692
~V*7'T-
TH$ AEROPLANE.
Sunday’s very remarkable exploit by the
aeronaut .Curtiss,, in jpurpeyjmg from Albany to New
Yorjk in ap ueroplape, a^ost at the speed of the
Twentieth
Limited, an$ Thursday’# flight of
an
English aviator across the Channel and back
without alighting, have served very naturally to revive
the discussion lately so general in
Europe as to what
influence on the social and military problems of the
future the flying-machine is likely to exert. Qn the
whole, the tone in which this week’s achievements
were discussed has been considerably
palmer and less
hysterical than that which greeted the earlier achieve¬
ments of the sort.
Possibly the recent prolonged
controversy in the English periodicals, leading nowhere
and accomplishing little except to point out
possible
difficulties of regulation, had spent its
force, and had
made active discussion of these phases of the
problem
somewhat less easy to revive in default of
any really
Last
new
material.
8334@4 83% and documents for payment 4 83%
We imagine, however, that another influence is
@4 84%. Cotton for payment ranged from 4 83 to at work to make
predictions cautious. The uncon¬
4 83%, grain for
payment from 4 84% to 4 84%.
scious presumption on which
many of the earlier
This week $500,000 gold coin was
shipped to Can-' discussions of the aeroplane as a factor in the worlds
ada, making the tnt^ -for the present movement W affairs were based was that
the machine ’ would
the Dominion $2,150,000.
eventually be at the service of any one who shduld
-
1
3
85
88
85
88
85
88
85
88
85
88
84 H
88
84 H
87 H
85
88
Received by
Shipped by
N. Y. Banks. N.Y. Banks.
Currency
With the
Fri.,
2 June
by the New York banks.
Week ending June 3 1910.
present downward movement. The
weakness of exchange is due to a number of
influences,
but first and foremost to the
taking of $17,500,000
of New York City revenue bonds in Paris and to the
grain is also responsible
ness m
exchange. Finally, the reduction in the dis¬
count rate of the Bank of
England has played its part
in accelerating the downward movement, The
arrange¬
ments for the payment of the
$40,000,000 Baltimore
& Ohio notes, which were
largely placed abroad, were
completed without causing a ripple in the market.
Compared with Friday of last week sterling exchange
on
Saturday was slightly firmer, demand being quoted
at 4 8740@4 8745, cable transfers 4 8785
@4 8790 and
60-day bills 4 8435@4 8440. At the opening of busi¬
ness Tuesday
morning demand and cable transfers
fell 10 points to 4 8730 @4 8735 for the
former and
4 8775 @4 8785 for the
latter; 60-day quotations were
easier at 4 8430@4 8440.
On Wednesday a break
of 30 points was recorded, demand
falling to 4 87@
4 8710;
cable transfers to 4 8745@4 8750; while
60-day bills declined to 4 8415@4 8425. The down¬
ward movement continued on
Thursday and demand
touched 4 8680@4 8685 and cable transfers 4
8720@
4 8725; 60 days declined to 4 8395
@4 8405. On Friday
the market was 15 points lower at the
opening but ad¬
vanced later in the day and closed
only 5 @10 points
lower than on Thursday,
namely at 4 8375 @4 8385 for
60 days, 4 8670@4 8680 for demand and 4
8715@
160 days
-ISlght..
} 60 days
Merchants’ Bank
for the
The break in cotton and
to some extent for the weak-
ISlght..
4
4
4
4
4
4
4
4
4
4
4 84M
Ickelheimer & Co. -1 Sight.. 4 88
1
/60 days 4 84^
Foreign exchange has been decidedly depressed this
week. It opened weak
Tuesday morning after the
holidays and dropped lower with each succeeding day.
Demand sterling on Friday got down to 4 8665
@
4 8670, while cables fell to 4
8705@4 8710, a new low
here for London account.
.
Heldelbach,
Lazard
Freres..
the close of the week was as follows: 60 and
3% @3%%; 4 months, 3% @4%; 5 and 6
months, 4@4%%; and over-the-year bills 4%@4%%.
Commercial paper was offered quite
freely and the
demand improved slightly. The range for choice four
to six months’ single name bills is
4%@5%, for less
desirable names 5@534% and for 60 to 90
days
endorsed bills receivable 4% @5%.
previous placing of very large amounts of American
railroad bonds in Europe. The decline in our stock
market has also this week induced
purchases of stocks
_.
Montreal...
Canadian Bank
of Commerce
range at
90 days,
level
_
J60 days
.1 Sight..
/60 days
-1 Sight..
/60 days
.1 Sight..
/60 days
Thurs.,
June
June
THE CHRONICLE
41910.1
operate it, and that in the matter of military
service it could not only escape injury from the hands
of the enemy, but could drop explosives on that
enemy’s strongholds practically with impunity. Now
one thing which has been rather strikingly demon¬
strated in all recent experiments with the flying
machines is the very great hazards which surround
their operation.
Curtiss’s flight from Albany to New
York, at the rate of fifty-four miles per hour, was
extraordinarily successful. No serious misadventure
marked any part of the experiment. Yet even this
successful aeronaut, on examining his own machine
after the flight was over, found certain conditions
existing which, under very slightly different circum¬
stances, might have ended his whole experiment in
choose to
disaster.
frequently this same difficulty was
by Wright in his experiments of last
every one who read the accounts will
How
encountered
autumn
recall.
Recent discussion of the
part to be played hereafter
by the aeroplane in war has converged on two disputed
questions—first, to what extent the flying machine
can aim with precision the explosives which it throws
to earth; second, what chance there is that batteries
on the surface of the ground may be able to destroy
the machine itself.
Perhaps the consensus of military
opinion is that precision of aim from a rapidly moving
aeroplane, high in the aiT, is hardly conceivable. That
explosives could be thrown with reasonable accuracy
while the machine was moving only a slight distance
above the surface of the ground is readily enough
conceded; but such proximity Would, oil the oth#
hand, make the problem of destroying the machine
equally simple. In other words, the question is
whether the mere fact that an aeroplane had risen
beyond the range of field guns on the ground, would
not of itself render impossible efficient work of destruc¬
tion from the machine itself
.
The militant aeronauts
might still drop bombs when they could no longer
aim with accuracy; but civilized opinion is not at
all likely to look favorably on such experiments, any
permit armies to destroy whatever
places they may see fit. or to fire at random upon
peaceable citizens. In other words, precisely in so far
as the aeroplane becomes an instrument of war, it must
more
than it will
submit itself
to
the restrictions of modern warfare,
discover how,
it can perform
the work which has been imagined for it.
As for the part which the flying-machine is destined
to play in the ordinary affairs of life, in this direction
and it is not at the moment easy to
while submitting to these limitations,
also it is certain that the severest restrictive rules
1453
ably general, will be simpler than any one at the
start imagined.
But back of all, the fact remains that operation
of such machines is a most precarious undertaking.
To what extent it may be simplified hereafter cannot
perhaps be predicted with absolute confidence. But
the obstacles involved are in themselves so funda¬
mentally different from those which arose in the early
days of the motor-car, for instance, as to make
reasonably safe the prophecy that they can never be
removed for aerial motors as they have been for the
land machines. This fact will necessarily have its
deterrent influence during all future time on what
might be called the public use of the machines. And
after all there remains a possibility, which has no
doubt been present in the minds of many skeptical
observers, as to whether the flying-machine may not
remain a sort of toy.
It is a curious fact in the history
of great inventions that those which, like the railway,
the telegraph and the telephone, have revolutionized
the ways of every-day life, were in many cases lightly
esteemed at the beginning, and subjected to quite as
much derision as confidence; whereas other ingenious
inventions—the phonograph, for instance—which were
held up at the start as sure to reverse the customs of
society, have ended by playing no serious part what¬
ever in the life of the community.
We should not
venture to predict that nothing will come of the aero¬
plane beyond an occasional exhibition by an expert, or
a contest now and then for a $10,000 prize. ■* But we
certainly are not inclined to take for granted all the
revolutionary changes, as a result of what we call con¬
quest of the air, which were predicted in the first flush
of excitement at the new experiments.
MR. ROOSEVELTS ADVICE TO THE
BRITISH.
We
imagine ex-President Roosevelt’s arraignment
of British administration in Egypt will be received
with greater complacency by the British people than
by our own. The average Englishman is notoriously
tolerant of criticism and differences of opinion—claims
for himself the right to say sharp things and expects
his adversaries to avail of the same privilege, though,
of course, in this instance Mr. Roosevelt,, being an
honored guest, could hardly have been looked upon
as an adversary.
There is, however, another reason
why his strictures are likely not to disturb British
equanimity. The English know that in the adminis¬
tration of their dependencies, Great Britain is not
vulnerable—is fitted to give advice rather than
needing it. If there is one feature in the record
of British affairs during the last one hundred years
which justly commands the admiration of the. whole
world, it is the way in which her colonies and other
possessions have been governed. Entire success has
placed in the public laws as soon as any serious
possibility appears of a general use of the machines.
It has heretofore been urged that control over such
employment of them would be difficult, because of attended British administration in that respect.
The corner-stone of the English policy has been to
the impracticability of chasing and seizing the machine
of a violator of the law.
As to this, however, it must give each constituency, no matter in what part of the
be remembered that the aeroplane can remain only world located, the largest possible share in the local
a limited time continuously afloat;
it must come to administration consistent with the fitness of the in¬
earth, if for nothing else, to stock up again with fuel. habitants. Intelligence and moral stamina being the
Nothing could be much easier than to watch the tests, the degree of autonomy granted in the different
movements of a machine, and, through communication colonies and dependencies naturally Varies widely.
between the different towns, to take it in charge Canada and Australia not only have full control of
when its flight was necessarily ended. It may be, their affairs, but might almost be said to be independ¬
therefore, that the question of regulating flying* ent States yielding willing allegijatiee to the mother
machines, even supposing their use to become reason¬ country. In Africa, on the other hand, ahd also ia
will be
1454
THE CHRONICLE
parts of Asia, comparatively little progress has
yet been made in the capacity of the natives for selfgovernment. Nevertheless, it has been, and is, the
aim to develop such capacity and to invite participa¬
tion as fully as may be in government affairs on the
part of the natives.
That the natives, moved by religious frenzy, on
LXXXX.
Egypt is concerned, and should be changed. Mr.
so often
posed as a champion of the
weak and defenseless that it should be
distinctly
many
occasions manifest
[VOL.
Roosevelt has
understood he is not arguing for more lenient treat¬
ment of the Egyptians, but severer treatment.
He
does not find that British rule in
Egypt has been too
harsh or too arbitrary, but that it has not been strict
spirit of fanaticism and speak enough. He says: “It is necessary for all of us who
protectors as oppressors, in no way militates have to do with uncivilized peoples, especially fanatical
against the truth of our assertion, which is attested peoples, to remember that in such a situation as
by the official records and history of English foreign yours in Egypt, weakness, timidity and sentimentality
administration.
As showing the constant tendency may cause even more
far-reaching harm than violence
to enlarge the share of native
responsibility in the and injustice. Of all the broken reeds, sentimentality is
government of their own affairs, we may refer to the the most broken reed on which righteousness can
reforms instituted last November in India. These lean.”
Referring to the recent murder of Boutros
reforms are designed to give India an embryo consti¬ Pasha, the
Egyptian Premier, he adds: “The attitude
tution and to admit the natives to an important of the so-called
Egyptian Nationalist Party in connec¬
share in the legislation of the country. The news¬ tion with this murder has shown that
they are neither
papers spoke of it at the time as marking a new and desirous nor capable of guaranteeing even primary
striking epoch in the history of British rule in India, justice, the failure to supply which makes self-govern¬
and stated that for more than three years the Imperial ment not
merely an empty but a noxious farce.
Government and the Indian Administration had It was with the
primary object of establishing order
wrestled with the details of the plan. The new plan that
you went into Egypt twenty-eight years ago.
provides for adequate representation of the Moham¬
Now, either you have a right to be in Egypt
medan and Hindu communities on both the Viceroy’s or you
have not. Either it is, or it is not, your duty
Council and the Provincial Councils. The functions to establish and
keep order. If you feel that you
of the Viceroy’s Council have at the same time been have not the
right to be in Egypt, if you do not wish
considerably enlarged, so as to enable it to take an to establish and keep order there, then by all means
active part in the making of the Budget and all legisla¬
get out of Egypt. If, as I hope, you feel that your
tion.
As illustrating, too, how carefully the English
duty to civilized mankind and your fealty to your
proceed in such matters, a proviso exists in the new own great traditions alike bid you to stay, then make
scheme of government (inserted in view of recent the fact and the name
agree, and show that you are
anarchistic outbreaks) which permits the Imperial and
ready to meet the responsibility which is yours.”
Provincial Government to declare ineligible those
Here we see Mr. Roosevelt in characteristic manner
persons whose election is considered contrary to wielding the Big Stick and
arraigning British adminis¬
public interests.
tration for not using the same means of persuasion in
As an indication of what has been
accomplished in Egypt. One does not need to be captious to question
another part of the globe, in pursuit of the same
policy the propriety of criticism at all of British affairs on
of enlightened British rule of subject countries, we such an occasion. Mr. Roosevelt was
making response
may point to the Union of South Africa carried into to the tender to him of the freedom of the
city of
effect this very week, at the place where,
just eight London in the Guildhall, and being thus treated in a
years ago, the peace treaty was signed ending the most hospitable and gracious
way, it would obviously
war in South Africa.
The Union embraces, as we have been in better taste had he observed the
amenities,
pointed out last week, the four colonies of Cape of Good instead of undertaking to find flaws in the works
Hope, Natal, the Transvaal and Orange River, and of his hosts. However, the British public has shown
the Union has been established with Viscount Glad¬ itself
equable under the circumstances. One is in¬
stone as the first Governor-General and Louis Botha
clined, however, to give rein to the imagination, and
a
of their
.
.
as
the first Prime Minister.
Two of these colonies
are
.
.
ask how Mr. Roosevelt would have acted if at one of the
numerous conferences which he called at the White
recently conquered provinces, and yet, within eight
years from the time of being vanquished, they are given House during his
administration, a delegate from
full participation in the legislation of all these South some
foreign country had appeared and undertaken to
African possessions. Another point is worth
noting. In tell him how to carry on the functions with which the
the discussions in the British Parliament
concerning this Government of the United States is charged. Would
new step in South
Africa, there has never been serious Mr. Roosevelt have kept his temper under restraint in
difference of opinion as to the
advisability of the such circumstances?
step itself—that is, of placing the Boers and the
But what value can justly be given to Mr. Roose¬
South African Englishmen on a plane of absolute velt’s advice? The
murder of the Egyptian Premier
equality in Government affairs. Discussion was was certainly a most atrocious affair. But assassina¬
chiefly on the point whether the Kaffirs, a very low tion, however deplorable, proves
nothing as to the
type of natives, should also have some degree of par¬ qualification of a people for
self-government. Three
ticipation in legislation. It was wisely decided, in Presidents of the United States have been
assassinated,
view of our experience with the ignorant
darkeys in and yet Mr. Roosevelt would himself be the last to
the South, that this would not be safe at the
present argue that the people of the United States should
juncture.
therefore be deprived of the right of
self-government.
Now comes Mr. Roosevelt and says that this
enlight-^ It may be that the murder of Boutros Pasha is an indi¬
ened and successful1 policy of British
administration; cation that Great Britain must take sterner and
pursued for so mliniy ^ars, is a mistake as far as harsher measures in dealing with the
Egyptians. On
.
June 4
1910.]
1455
THE CHRONICLE
point we claim to possess no knowledge. The the “maker of Egypt,” after devoting over thirty
British, themselves, will themselves be the best judges years of his life to the welfare of the Egyptians, is
of that.
Their long and successful administration certainly a guide that can be followed with much
of subject peoples makes them exceptionally well confidence—and Lord Cromer does not at all agree
with our ex-President.
qualified to form a conclusive and reliable judgment.
Entirely apart from that, however, Mr. Roosevelt’s
criticisms would seem to be entitled to not the least THE SUPREME COURT DECISION IN THE
that
consideration.
In the first
MISSOURI RIVER RATE CASE.
place, Mr. Roosevelt has
only limited opportunity for observation. The
most of the year since he left the United States was
spent in the interior of South Africa, and it was only
after he had concluded his long hunting trip that he
made a flying trip through Egypt.
In this hasty tour
through the country he was everywhere feted and
dined, and had so many engagements of one kind or
another to attend to that he could have had very slight,
if any, chance of giving thoughtful consideration to
matters of government administration, and certainly
not in their broad aspect.
He made innumerable
trips in his natural desire to see the many interesting
things to be found in that ancient country, and was
obliged to do everything in a great rush.
But even if he had had the opportunity for full
thought and reflection, he is not temperamentally
fitted for arriving at correct conclusions where his
feeling or passions are aroused. It should not be for¬
gotten, either, that Mr. Roosevelt is an advocate of the
sternest kind of repressive government.
While Presi¬
dent of the United States he was all the time asking for
new powers of government and he could think of no
way of dealing with those who differed from him,
whether they were judges or legislators, except by
suggesting the concentration in him of power to
ruthlessly suppress them. No doubt local adminis¬
trators in Egypt, with the recent murder fresh in
mind, filled the ex-President’s ears with stories telling
how much more they could accomplish if only they
had more authority, more power to deal with some
Besides the suit of the U. S. Government to
had
enjoin
freight rates in the West, rail¬
road interests have suffered a setback this week in the
decision of the U. S. Supreme Court upholding the
the advance in railroad
of the Inter-State Commerce Commission in
order
what have
come
to be known as the
Missouri River
principle at issue in these cases is a
very important one, involving not merely the question
of rates, but the powers of the Inter-State Commerce
Commission, and, above all,its power to make and un¬
make markets through the use of its rate-determining
functions.
In the interest of the entire community
it is in the highest degree desirable that no such power
should be read into the Act to Regulate Commerce
if it does not exist, or, if it does exist, that it should be
restricted within the narrowest compass consistent
with the language of the statute.
For these reasons, the fact that the Supreme Court
has reversed the lower courts, which had held that the
Commission had stepped outside its proper bounds in
the Missouri River rate cases, is somewhat dishearten¬
ing. There is room for comfort, however, in the hope
that the present judgment may not be final.
The
judgment is that of a divided Court, with four members
on the
majority side and three on the minority. As it
happens, the four members whose vote controlled
judgment, though constituting a majority of the mem¬
bers sitting, do not make up a majority of the full mem¬
bership of the bench. The Court consists altogether
of nine Judges, but Justice Moody is sick and absent
of the troublesome natives. These tales chimed so from duty, and Governor Hughes, who has recently
perfectly with Mr. Roosevelt’s own views of arbitrary been appointed to succeed the late Justice Brewer, will
government that inevitably he was deeply impressed. not take his seat on the bench until next October. If
But the British public will, we are sure, not make the the two absent members should, on a rehearing, join
mistake of taking his remarks, which had their in¬ with the minority, there would be five votes opposed to
spiration under such circumstances, as reflecting deep the four of the existing majority, and, accordingly,
thought, or any thought at all, on one of the serious this week’s decision would be overturned. When
problems of the day. In repeating and elaborating the decision was handed down, counsel for the rail¬
what he heard from the Government officials on the roads at once asked for permission to file a petition for
spot, he was acting simply as a tale-bearer, and he rehearing. The Government objected, contending
displayed the usual characteristic of such—the lack that to allow the motion would continue the injunction
issued below until the re-convening of the Supreme Court
of a discriminating judgment.
The Court finally allowed an extra
The one blunder in British administration of depen¬ next October.
dencies was her treatment of the American colonies. thirty days within which to file the petition, giving the
That unfortunate piece of folly cost her the loss of roads altogether sixty days before the mandate of the
these colonies.
Mr. Roosevelt, in arguing in favor of a Court will issue in any event.
The facts with regard to the Missouri River cases
repressive kind of government, would invite a repeti¬
tion of this experience in other quarters of the globe. have been set out by us on several occasions, more par¬
Had he been an Englishman in the days of the Revolu¬ ticularly in our issue of Aug. 28 last, but for the better
tion he would have argued that it was the duty of the understanding of the reader it will be well to rehearse
British Government to maintain order at all hazards them again.
In effect, the rate changes ordered by
and crush out the revolution with an iron hand. But the Commission constitute an attempt to revolution¬
Great Britain learned the contrary lesson as the result ize commercial conditions and introduce new princi¬
of her experience at that time. She has since con¬ ples in rate-making. The title of the -action was
sistently and persistently taken the lesson to heart in Burnham, Hanna, Munger Drygoods Co. et al vs.
her rule of other possessions, and is not likely at Chicago Rock Island & Pacific Railway Co. et al. The
this late date to turn back at the behest of Mr, Roose¬ purpose of the suit was to restrain the enforcement of
of the Inter-State. Commerce Commission velt or.jn response to his impulsive observations.
As the order
'
7
‘v/'>
'•
i
to what should be done in Egypt, Lord Cromer, piade June 24 1908.
This order w^s based on the con-
rate
.
The
cases.
UUl"
.
_
•
<
.
-
v
;
..
tffiE fcttftONICLE
[VOL.LXXXX.
elusions that class rates from Atlantic seaboard terri¬
Missouri River cities
tory to the Missouri River cities are unreasonably high;
that they are so because those portions of the through
rates which are applied between the Mississippi River
crossings and the Missouri River cities to the through
transportation are too high; and that, therefore, the
separately established rates applied west of the Mis¬
sissippi River to the through transportation should be
reduced. In granting a preliminary injunction in
November 1908, Judge Grosscup pointed out that
trade houses in the intermediate country of St. Paul,
Minn., and other similarly situated cities have grown
up upon the condition that they receive the same rela¬
tive rates to the Western country that the Atlantic
Coast cities are given to the same Western territory.
It was the view of Judge
Grosscup that the order of
to state that the Court
the Commission disturbed commercial conditions that
have grown up through a long line of years upon the
basis of existing rates. The Commission was accord¬
on
the other.
not
He took occasion
prepared to
that
to enter upon a plan
looking toward a system of rates wherein the charge
for longer and shorter hauls will
taper downward ac¬
cording to distance, providing such tapering is both
comprehensively and symmetrically applied—applied,
with a design of carrying out what
may be the eco¬
nomic fact that, on the whole, it is worth
something
less per mile to carry freight long distances than shorter
distances. “But,” he went on to add, “it does not
follow that power of that character includes power, by
the use of differentials, artificially to divide the
country
into trade zones tributary to given trade and manu¬
facturing centers, the Commission in such cases hav¬
ing, as a result, to predetermine what the trade and
manufacturing centers shall be; for such power, vaster
than any one body of men has heretofore
exercised,
though wisely exerted in specific instances, would be
putting into the hands of the Commission the general
power of life and death over every trade and manufac¬
turing centre in the United States.”
The foregoing was such a matured and well-considered
opinion, and showed such a clear grasp of the issues
involved, that there seemed every reason to think that
was
say
the Commission had not the
power
ingly enjoined on the ground that its order involved
an unjust discrimination
against the intermediate lo¬
calities and shippers.
As showing the change which the Commission’s
order would work, we may point out that the through
rate now in force on first-class freight
(taking that for
illustration) from the Atlantic Seaboard to the Mis¬ the conclusions of the Court would be affirmed on
ap¬
sissippi River is 87 cts. and the rate thence from the peal to the U. S. Supreme Court, and we so expressed
Mississippi River to the Missouri River is 60 cts., ourselves at the time. It now appears that four mem¬
making a total of $1 47 per 100 lbs. as the joint rate bers of the Supreme Court, constituting the majority
from the Atlantic Seaboard to the Missouri River. The of those
passing on the case, are of the belief that th
Commission ordered a reduction to $1 38 in the through
Commission, by its action, was not endeavoring to
rate, and directed that the reduction should fall en¬ divide the country into rate zones, or at least that
tirely on the lines running between the Mississippi and there was no evidence that such was being done. W«
Missouri rivers. Obviously, such a reduction in the have not the text of the
opinion before us, but from the
joint through rate between the Atlantic Seaboard and abstracts of the opinion, which was by Justice Mtthe Missouri River meant that jobbers in Seaboard
Kenna, given in the papers, it would appear that re¬
territory would gain a great advantage over the job¬ versal of the lower courts was entirely on these grounds.
bers in the Middle West, who
necessarily would have In the matter of the rates to Denver, the reversal was
to pay the sum of the separate
rates, that is, first the on the same ground.
rate between the Seaboard and the
Of course, Judge Grosscup’s reference to “trade
Mississippi River
and then the rate from the
Mississippi River to the zones” was merely a form of expression. The main
Missouri. There was another set of cases
involving question, after all, is not whether the act of the Com¬
substantially the same question in which the U .S. Su¬ mission can be construed as an attempt to establish
preme Court this week also delivered judgment re¬ trade zones, but whether the Commission can so use
versing the lower courts. In this latter the Commis¬ its powers as, in effect, to make or unmake traffic
sion had ordered a reduction in the rate on
shipments centres. In the present cases, certainly, its orders
to Denver, with the result that Seaboard
territory, by will produce precisely that result, whether so intended
shipping direct to Denver, could under the order of or not, thereby overturning conditions established
the Commission save 23 cts. per 100 lbs. on first-class
through long-established usage. Moreover, these cases
freight as compared with what it would cost to trans¬ are simply typical of others that have
developed else¬
ship at the Missouri River.
where in the United States.
For these reasons it is
From the foregoing synopsis it will be seen the
be
to
ques¬
hoped that, on a rehearing before a full bench,
tion at issue was really the power to create and to de¬ the
U. S. Supreme Court will deliver a new
judgment
stroy traffic centres. When the matter of making under which the Commerce Commission will be di¬
the injunction permanent came
up last August, the vested of the possession of such dangerous
authority.
U. S. Circuit Court, by the
majority opinion of Judges
Grosscup and Kohlsaat (Judge Baker filing a dissent¬
“BABY” BONDS OF LOUISIANA.
ing opinion), took the view that the Commission had
According to advices from Baton Rouge, where the
no such power.
In voicing the opinion of the majority Louisiana Legislature is now in biennial
session, a bill,
of the Court, Judge
Grosscup again went over the having the support of the State Administration, has
ground covered by him when granting the preliminary been introduced,
providing that certificates of indebt¬
injunction, and said that the question raised in its edness shall be exchanged for valid
outstanding
larger aspects was not so much a question between the “Baby” bonds, amounting,
it is estimated, to about
shippers and the railroads as between the commercial $900,000. The certificates, it is further
provided, are
and manufacturing interests of Denver and of the ter¬ to bear no interest and
are redeemable at not more than
ritory east of the Mississippi River on the one side and fifty cents on the dollar. Except as concerns the
the commercial and manufacturing interests of
the validity of the indebtedness, the holders of these bonds,
June 4
THE CHRONICLE
1910.]
.,
■!
•>
r
1457
■ *
defaulted, both due prior to Jan. 1 1879 and uncollected, due allow¬
in the payment of the interest and of the principal, ance being made for errors in the delinquent tax rolls
would be no better off as a result of the proposed legis¬ then on file in the Louisiana State Auditor’s office,
on
which the State of Louisiana has
Considering the de¬ would amply provide for their interest and redemption.
pleted condition of the State’s finances, the prospect On account of judgments, “Baby” bonds to the
for the early redemption of these bonds, even at fifty amount of $224,627 were issued; on warrants, the
cents on the dollar,
could not be very bright, amounts issued by the Kellogg and Nicholls govern¬
especially considering the fact that the constitu¬ ments of Louisiana reached a total of $1,156,659, mak¬
tional limit of taxation has been nearly reached in ing the total amount of “Baby” bonds issued $1,381,286.
Of the total amount issued, $364,295 worth was
Louisiana.
The practical repudiation of these bonds has not been retired under Act 150 of 1894, while $106,275 of these
without its attendent effect upon the credit of the bonds was paid in for taxes, leaving the amount out¬
1
State, which, in such circumstance, may find some standing $910,700.
The Louisiana Legislature in 1894 passed what is
difficulty in refunding the State’s regular bonded in¬
debtedness, amounting to over $11,000,000, which known as Act 150, by which the State Treasurer, under
falls due in 1914.
In fact, the situation would appear the direction of the Governor, was authorized to pur¬
to be such that the banking interests of the country chase outstanding bonds at a price not exceeding fifty
cents on the dollar.
For this purpose any surplus of
can demand that the sine qua non of any proposal for
the refunding of the bonded indebtedness of Louisiana the General Fund of the State of Louisiana only could
shall be the proper provision for the payment of be used. In accordance with the provisions of this Act,
both the interest and principal of the “Baby” bonds. the State in 1895 made the purchase already mentioned,
Such legislative action as has already been taken was at prices ranging from 40 to 45 cents on the dollar,
really brought about by the intimation of the Attorney- accepting the bonds offered at the lowest prices. Since
General of New York, in an opinion last year, that, that date no purchases have been made, there having
owing to the failure of the State of Louisiana to pay been no surplus of the general fund that could be used
the interest and provide for the principal of the “Baby” for that purpose.
As already noted, when the “Baby” bonds were
bonds, which matured in 1886, savings banks in New
York would not be entitled to invest in Louisiana originally issued, all of the back taxes prior to 1879
bonds. This ruling has injuriously affected the value were dedicated to the retirement of the issue, but the
of the State, levee and municipal bonds of Louisiana State subsequently otherwise employed this asset,
in the money markets of the country.
thus preventing the payment long ago of the interest
Inasmuch as public interest has been aroused, to and principal on these bonds.
In good faith, the State
some extent, in this subject, a brief history of the
of Louisiana is bound, it would seem, to make provision
“Baby” bonds of Louisiana may be in order at the sooner or later for the payment of this debt. The
present moment. In accordance with the consti¬ credit of a sovereign State should be above suspicion.
tutional ordinance for the relief of the delinquent tax¬ Louisiana should act quickly to redeem her good name.
payers, under the Constitution of 1879, the Louisiana Certainly, after such a long delay in providing for the
Legislature, by Act 104 of 1880, created a funding retirement of the “Baby” bonds., the holders of these
board, which caused to be printed $5 bonds, with bonds, scattered over Europe and America, would ap¬
coupons attached thereto at the rate of 3% per annum pear to be entitled to more consideration than
interest from July 1 1880, and payable Jan. 1 1886, or is provided for in the proposed legislative Act
sooner at the pleasure of the State of Louisiana.
The to be placed before the General Assembly of that
bonds bear the engraved signature of L. A. Wiltz, State.
then Governor of Louisiana, and the signature of E. A.
Burke, State Treasurer, who subsequently defaulted
COTTON ACREAGE AND CONDITION
m
for a large sum. Burke’s signature is either written
JUNE 1910.
or stamped thereon, while the bonds also bear the num¬
The tendency at the South this spring to increase
ber of the certificate under which they were issued,
the area devoted to cotton is clearly defined in existing
as well as the year in which the warrant, upon which
the certificate was predicated, was issued.
When conditions. This should cause no surprise, the develop¬
issued for a judgment, the number refers to the certifi¬ ments of the season now drawing to a close having
cate issued therefor, and the year series is blank. furnished all needed incentive to Southern planters to
These bonds correspond in size to a Treasury note of materially extend the land devoted to its produc¬
lation than
they
are
at present.
dollars, tion. The events that have characterized 1909-10
and are divided into four series: “Blank,” “B,” “C,” are, of course, still too fresh in mind to require
some reference to
and “C New Series,” and numbered consecutively. extensive recapitulation, but
is
them
necessary in connection with the present
The size of the bonds and the picture or engraving
situation
and promise. It will be remembered, of
of a curly-headed child which they bear has caused
course, that the area seeded with cotton last spring
them to be known as “Baby” bonds.
The duties imposed upon the Funding Board, which (1909) was slightly greater than in the preceding
issued these bonds, were to fund all valid Auditor’s year (1908), and the natural expectation was that,
warrants, which were declared to be fundable by the with normally average weather for growth and de¬
constitutional ordinance, and such obligations of pub¬ velopment a crop as large at least as, if not moderately
It is
lic institutions as were provided for in the same ordi¬ larger than, that of 1908-09 would be secured.
to
needless
say that expectation was disappointed.
nance, as evidenced by judgments, in bonds of the de¬
nomination' of five dollars. . At tho time this issue
of;t ; At the same time the yield *fQr ,4.909-10, as finally corn1 *
bonds *was authorized, it was estimated that the taxes piled at \the close of August,.-promises, to be greate]
the United States of the denomination of five
*
v1
,
.
1458
than
THE CHRONICLE
officially estimated, but nevertheless quite
terially less than the production of the preceding
ma¬
sea¬
I planting does
[VOL.
LXXXX.
not necessarily mean an enhanced
it
yield;
disposition to meet the
does, however, indicate a
(1908-09).
situation, leaving it to the weather conditions to meet
Bearing in mind the phenomenal increase in con¬ or blast the hopes entertained. How great a bearing
sumption of cotton in recent years—an expansion weather conditions may have upon the ultimate yield
son
that in greatest measure the United States has been
and will be called upon to supply—it is readily under¬
cannot be better shown than
by the subjoined com¬
pilation, which, based upon our estimates of acreage
stood that any marked decline in product from the and final
crop figures, indicates the variations in pro¬
total needed to supply actual mill requirements fur¬ duction
for a number of years past:
nishes an incentive to increased planting. And this
“Chronicle"
Pounds
Crop
even though the surplus
Year's Planting.
Bales.
Acreage.
supply (visible and invisible)
per Acre.
carried over from earlier crops be quite formidable. 1870
191
9,985,000
4,352,317
1883
149
17,449,000
5,714,052
144
But wdien, in addition, the prices secured for the 1884
17,834,000
5,669,021
1889
169
20,173,480
7,313,726
194
20,910,320
8,655,518
former crop and the quotations at the time of planting 1890
1891
203
20,838,205
9,038,707
1894
234
20,680,247
9,892,766
are
comparatively very high, as in the current spring, 1896
194
21,718,545
8,714,011
1897
237
23.028,792
11,180,960
an important stimulus is given to
240
expansion of acreage. 1898
23,175,000
11,235,383
1899
189
24,175,245
9,439,559
And in this matter of prices the year 1909-10 stands 1900
193
26,533,944
10,425,141
1901
186
27,874,105
10,701,453
1902
192
27,300,371
10,758,326
boldly out. At no time since the crop began to be 1903
170
28,995,986
10,123,686
1904
207
32,363,690
13,556,841
marketed has middling uplands been quoted below 1905
192
28,808,415
11,319,860
211
31,557,242
13,550,760
12 cents per lb. at New York, and for a considerable 1906
1907
170
33,079,425
11,581,829
1908
33,512,112
202
13,828,846
period it ranged above 15 cents, the general average 1909
146
33,862,406
*10,363,240
for the season having been higher than in any year
Census Bureau total.
since 1874-75.
Contrasting these prices with those
The foregoing establishes how inconclusive area by
obtained even as late as 1904-05, is it any wonder that itself is in
determining final results. Of course, normal
Southern planters should give greatest attention to conditions of weather
being assured, the larger the
cotton, neglecting grain and other crops, which, though area the greater the yield. The acreage, however, is
profitable in themselves, offer less remuneration?
controllable, but not the weather. This becomes clear
This being the situation, what measure of success when it is noted that
during the series of years included
could be expected to meet suggestions to reduce or in the table the
average yield per acre has ranged all
restrict acreage this spring? They have been made, the
way from 144 lbs. lint per acre (1884 plaiiting)
as has been customary
each spring for some few years to 240 lbs. (1898), with production in excess of 200
past, but with less success .than heretofore. Yet the lbs. in only seven out of the twenty-one seasons cov¬
addition to area has not been radical, considering the ered.
Moreover, in the season drawing to a close the
apparent incentives in that direction. In fact, in crop promises to be less in number of bales than for
the older sections of the cotton belt, especially in the
any year since 1903-04 and in product per acre the
Atlantic States, where most cultivated land has smallest since 1884-85. On the
acreage as given a
already been under crops, the changes made from year yield per acre as great as in 1898 would have afforded
to year/ and generally moderate withal, are only
such a crop of over 16J^ million bales; but on the basis of
as the apparently greater
profit one crop offers over the 1884 average the outturn would have been a little
another may suggest.
Thus we find a switching from short of 10 million bales. With the possible varia¬
cotton to grain or tobacco or vice versa from time to tions that
may result from weather conditions as
time.
But in districts west of the Mississippi River,
great as here noted, the unreliability of acreage figures
where much virgin soil is annually being brought under alone as a basis for
making crop estimates becomes
cultivation, there is a natural tendency to add to apparent.
cotton acreage, the highness or lowness of the
In view of what we have set forth above, it would be
price at
time of planting being a potent factor. * Thus in 1907
very strange if every effort had not been put forth
the high prices at time of seeding,
at the South to add to the area under cotton.
the
re¬
following
The
duced yield from the 1906 planting, induced increases supremacy of the United States as a source of
supply
all along the line, whereas in 1905 the low values aftei of cotton has not been
seriously threatened in the past,
the large yield of 1904 were responsible for a material is not threatened now, and there is no reason to believe
reduction.
it will be for many years to come, if at all.
We know,
As regards the present season, there has been no of course, that for a number of years past the efforts
discernible reason for reducing 'area; on the contrary, of foreign spinners have been directed toward the
and as already stated, every factor has worked in the fostering of the production of cotton in countries
opposite direction. It is true of course that produc¬ other than America, with the avowed object of ren¬
tion of goods has for some time past been
proceeding dering themselves in some degree independent of the
United States as a source of supply. But while each
on a reduced basis and
absorption of the product has
season an
increasing amount is obtained from these
been rather below normal.
But that situation has
miscellaneous sources-, the success attained does not
sprung from the high cost of the raw material that the
encourage confidence in the independence so earnestly
supposed shortage of supplies and speculative manipu¬
desired. In the meantime, under normal conditions
lation has brought about.
There is no reason to
consumption of cotton is quite rapidly increasing and
believe but that upon a reasonable basis of values
the Southern planter will make it his business to do all
demand for goods will greatly improve and
consump¬ he can to provide for the
greater requirements so long
tion of the raw material proceed along
comparatively as production is profitable.
full lines. That assumption granted, a large
The current spring, while free from some of the
crop
will be needed to supply spinners’ requirements and adverse
conditions that have hindered
planting opera¬
planters have prepared to raise it. An increased tions in a number of earlier
years, has developed
•
vicissitudes that have served to delay the putting in
of seed. There has, for instance, been freedom from
the floods that have seriously retarded work in a num¬
ber of seasons, and the labor supply has apparently
been ample.
But dry weather or low temperatures
complaint, the latter culminating
in late April (24th to 26th) in killing frosts that ex¬
tended over much the larger part of the South. In
fact, the freezing point or lower was reached in some
part of every cotton-growing State, with the damage
reported most severe in Alabama, Mississippi and
have been
causes
for
First reports indicated
all cotton that was up was killed.
Louisiana.
1459
THE CHRONICLE
June 4 1910. ]
that practically
These statements
COTTON ACREAGE FOR THE
'
'
.
■’
YEARS NAMED—(0008 omitted).
'
1909-10. 1908-09. 1907-08. 1906-07. 1905-06.
’
Virginia
North Carolina
South Carolina
Georgia t
Florida
Alabama t
Mississippi
Louisiana
Texas
Arkansas
Tennessee
Oklahoma
Missouri,
__
&c
Total acreage
Total production
Increase In acreage
Increase In production
Product per acre, lbs
•Decrease,
35
35
35
35
34
1,145
2,593
4,878
1,156
2,567
1,156
1,133
2,480
4,597
1,079
2,339
4,291
4,832
2,554
4,785
283
283
283
277
262
4,476
3,717
1,551
10,072
2,012
4,427
3,754
1,723
9,684
1,993
4,405
3,699
1,715
9,494
1,973
4,323
3,557
1,665
8,873
1,915
3.968
3,204
1,541
7,923
1,807
785
785
793
785
740
2,209
2,166
2,082
1,813
1,522
106
107
105
104
98
33,862
l'.05%
33.079
33,512
11,582
13,829
4.82%
1.31%
19.40% •14.53%
202
170
28,808
31,557
11,320
13,551
9.54% •10.99%
19.71% •16.50%
192
211
t Acreage revised.
SECOND.—With regard to the maturity, cultiva¬
proved to be greatly exaggerated. An impression tion and condition of the plant, the conclusions we
was gained from them that very much cotton was up
reach are as follows:
and that wherever heavy frost had occurred the plant
(1) In maturity the crop at this time would without
had been killed.
It happened, however, that in many
doubt be called a late one, but probably in the main
sections very little seed had come up and that not all
about on a par with that of a year ago.
The planting
of that had been killed, the dry weather acting to
season this year was free of the hindrances that floods
minimize the damage.
At the same time a larger re¬
entail, but dry weather in some localities and rain in
planting than usual was necessitated.
others delayed the putting in of seed.
Furthermore,
Conclusions.
low temperature during April, culminating in frosts
From the details by States given on subsequent over a considerable section from the 24th to the 26th,
retarded germination and rendered necessary much
pages we sum up our conclusions briefly as follows:
FIRST—Acreage.—As already intimated, the ten¬ more than a normal amount of replanting. Lack of
dency towards increasing cotton area has been general seed was complained of to some extent, but all needs
and in newer sections quite decided. The causes in that direction not otherwise supplied were met by
operating to effect that result are not far to seek and the oil mills at the South, and replanting was com¬
■can be briefly stated as the short yield from the pre¬
pleted without any mentionable loss of area. During
vious planting and the high prices ruling.
In the older early May low temperature was still an adverse in¬
sections of the cotton belt, where much the greater fluence, retarding development of plants already up
part of the land available for cultivation had already and checking germination of late plantings and re¬
been put in crops, only a moderate addition to the plantings.
Insufficiency of moisture was at the same
time
could
be
and
anticipations
have
acreage
expected
not
complained of over a large part of Texas as well
been disappointed.
West of the Mississippi, however, as in portions of the Gulf States and in localities else¬
and more particularly in Texas, where cattle ranges where. During the last three weeks, however, the
are being broken up and put under cotton, and in
weather has on the whole been quite satisfactory,
Oklahoma, where much virgin soil even yet remains fostering favorable growth of the plant and improving
to be cultivated, large increases were looked for, and the outlook appreciably.
Telegraphic advices as we
here again expectations have been realized.
Missis¬
In
go to press indicate that the crop is doing well and that
sippi the addition to area this year merely restores ap¬ with normal season hereafter the prospect is encour¬
proximately what was taken away from cotton last aging for a good yield from the acreage planted.
year and in Louisiana fear of the boll-weevil has served
(2) Cultivation appears to have been carried on in
to hold in check largely the evident tendency to in¬ a thoroughly effective manner.
In fact, the weather
crease the planting.
has
But for the cotton belt as a whole
especially favored that work, and in consequence
the result of the spring’s planting has been a further many of our correspondents state that rarely, if ever,
important addition to area, averaging, according to have the fields been in better condition than they
our analysis of the situation, a net gain of 4.48%.
now are.
A more extensive use of fertilizers is re¬
'The changes, as we have made them for each State, ported, the greatest increase being in the takings of
iire shown in detail in the following:
the commercial varieties.
(3) Condition of the plant at this writing, while
Estimated for 1910.
States.
Acreage
probably not up to the average of a series of years,
Acres, 1910.
Increase.
Decrease.
1909.
owing to the backwardness of the crop, is nevertheless
35,536
X%
35.359
Virginia
1,167,446
2%
1,144,555
North Carolina
promising on the whole and as good as last year at
2,631,575
1X%
South Carolina
2,592,685
5,000,221
2H%
4,878,264
Georgia
even date.
Lateness, as the ultimate result for many
311,239
10%
282,945
Florida
4,566,012
2%
Alabama
4,476,483
3,754,020
previous seasons has proven, is not necessarily a draw¬
1%
3,716,851
Mississippi
1,581,893
2%
1,550,876
Louisiana
back except in the case of early fall frost.
10,877,308
Everything
8%
Texas
10,071,582
2,093,022
4%
Arkansas
2,012,521
800,485
2%
784,790
hinges on the meteorological conditions of the next
Tennessee
2,451,888
11%
2,208,908
Oklahoma
108,713
few months.
Recent favorable weather has worked
2%
106,582
Missouri
35,379,358
so much improvement that it would seem as though
4.48%
33,862,401
Total
|
the plant was quite well fortified to withstand any
This compilation shows that there is a net increase
ordinary adverse influences and turn out well.
compared with 1909 of 4.48%, the total acreage reach¬
Our summaries by States are as follows:
ing 35,379,358 acres in 1910, against 33,862,401 acres
VIRGINIA.—Nothing in our advices from Virginia indi¬
in 1909.
We add the acreage for previous years for cates any departure from the usual planting season this year.
Germination of seed was rather slow in consequence of low
comparison, giving at the foot of the table not only the temperature, and this accounts for reports of a poor start
acreage but the total crop for each year, with the per¬ from some of our correspondents. In the main, however,
seed came up fairly well and no important amount of re¬
centage of increase or decrease in area or production
planting had to be done. Development slow at first, as inti¬
compared with the previous year and the product per mated, has been quite satisfactory $ince about the 20th of
May, and where stands have been secured they average good.
.acre.
later
_
1460
THE CHRONICLE
[Vol.
lxxxx.
■
^
f
*
..
Fields are free of foreign vegetation. Acreage under cotton; moderate
withal, averaging not more than 2^%. Fertilizers.
is very small in any eyent, and the changes from year to year —The
tendency
\ ere, as in the States already reviewed, has
are as a rule
merely nominal. Such has been the case this been to use a little
spring, with the weight of opinion favoring an addition of
lib&flt
1% " FertMfeers have been availed dF a ^Ittle
more freely than heretofore.
; ‘ :
v
NURTH CAROLINA.—Our adyices from this State refer
to the unusual spell of cold weather, extending over the
greater part of April and well on into May, as being responsible
for a long drawn out planting season in 1910.
In fact, while
work was commenced about the average time—between
April 1 and 15—the finish was not until after the middle of
"May. The low temperature referred to, moreover, was re¬
sponsible for a moderate amount of replanting which has
only lately been completed. The frosts of April 24 to 26
were not operative along the Atlantic to any
mentionable
extent.
Considerable divergence of opinion is noticeable in
the returns on germination.
Some say that seed came up
poorly but the majority report a fairly good start. It
greater quantity of commercial fertilizers.
FLORIDA.—Our reports indicate that weather condi¬
tions operated somewhat to retard
planting operations in
Florida this spring, but not to the extent that work was hin¬
dered in 1909.
In some sections the
putting in of seed began
early in .March and work became general towards the close
of the month; but,
owing to cold weather and lack of rain,
making ground hard and dry, progress was rather slow and
planting was not finished until a,fter the first of May. Seed
came
up
irregularly
as a
result of the conditions referred to
above, which also rendered necessary a greater amount of
replanting than usual. Lack of moisture and rather low
temperature were complained of from time to time down to
the 2d of May, but since that date conditions have in
the
main been satisfactory, inducing favorable
of
development
the
plant.
Stands
average good, and there has been nothing
to interfere with proper cultivation.
creage.—The ten¬
would seem safe to assume that the unfavorable reports are
dency to add to the area under cotton has been quite general
based upon arrested development from the low temperature this
year, and for the State as a whole the returns seem to
at night, combined with insufficiency of moisture at times. warrant an increase of
10%. A development of the season
It would seem, however, that recently these drawbacks have has been the attention
paid to fertilization of the soil. A
disappeared, and with prevailing satisfactory conditions large increase in the use of commercial fertilizers is
reported,
the plant is doing well.
Stands.—Thus it is that, although and the same is true of home-made sorts.
stands are still irregular, much cotton only just coming
ALABAMA.—The time of planting in Alabama this year
up,
where chopping out has been done the stand as a whole is differed
little, if at all, from a year ago, for, while in 1909
fairly good and steadily improving. Cultivation, furthermore, heavy rains causing the overflow of bottom
lands materially
leaves nothing to be desired.
Acreage.—Any increase in retarded work, cold weather in late April operated in the
area would in the main be the result of
taking from other same direction this season. Planting operations were begun
crops.
Prices have fostered that tendency this year in a in earliest sections about the first of March, but did not
be¬
moderate way, giving a net gain in cotton acreage of about come
general until April 1, after which good progress was
have
more
2%. Commercial fertilizers
been taken
freely, made for a time. Cold weather, however, hindered work
and the same is true of home-made varieties.
SOUTH CAROLINA.—The burden of complaint in South
late in the month and the finish
was
not before the middle of
May. Much of the early seed came up poorly as a result of
Carolina as regards the period of preparing land and planting low temperature, and in
many localities killing frost was
tiie seed was dry weather. For almost a month subsequent claimed to have caused
considerable damage.
Replanting
to March 15 there was little or no rain in most
sections, and was, of course, more extensively required than usual, and
the soil, being dry, was hard to work.
Planting, therefore, was this accounts in great measure for the delay in the com¬
under no appreciable headway anywhere until near the middle
pletion of seeding. In this connection we cannot do better
of April and them being delayed to some extent
by rain, was than quote an old correspondent, who says: “We have had
not fully completed until about ten
days ago, making the an unusual cold spell ana most of the cotton up was killed or
season a little later than in 1909.
Seed came up fairly well badly injured. The
damage, however, was greatly ex¬
as a rule, but quite
slowly, on account of the adverse con¬ aggerated. Replanting is now completed, and with a con¬
ditions, and quite an amount rotted in the ground. Devel¬ tinuation of present weather,
damage will soon be a thing of
opment later was further retarded by cool weather at nights the past.” In addition to low
temperature, lack qf moist¬
and lack of rain in some districts, and more than an
average ure was the cause of complaint the latter part of April, and
replanting has been necessary. From the time that growth reports during the first week of May voiced the need of rain
began down to the middle qf May complaints of some kind in a number of localities. Subsequent
developments were,
have been frequent.
Cold weather at first, then lack of however, quite generally favorable and the
plant is now doing
rain and the result a checking of
development beyond that well in the main. Conditions that arrested or prevented
experienced in an average year. Latterly with favoring satisfactory germination of
early plantings account for the
seasons a marked
improvement in condition is reported. rather poor stand obtained therefrom; but the recent more
Stands at the moment cannot be called better than fair on favorable weather has
worked considerable improvement
the
average, and over much of the replanted area seed is now and given a good start to late-planted seed. The present
only coming up. But warmer nights and seasonable rains outlook therefore is on the whole
quite favorable. Cultiva¬
are favoring
satisfactory growth, and the promise now is tion has been thorough, fields being clear of weeds and
grass
encouraging for a good yield. Fie ds are in a high state of and the soil in fine condition*
more
extensive
Acreage.—The
cultivation. Acreage.—In the older .States, more particu¬
planting of corn and oats this year has tended to check
larly the Carolinas and Georgia, about all the available land somewhat the further extension of
cotton planting in some
has already been placed in one err p or another. It
follows, districts. At the same time there have been additions which,
therefore, that economic reasonsfare in large measure the as we analyze the reports,
average about 2% for the whole
factors controlling the changes|made from
year to year. area.
Fertilizers have received muqh more attention
quite
Low cotton and high grain would
naturally dispose the
takings of commercial sorts exhibiting the most
farmers to take from the former and give to the latter. So generally,
noticeable increase.
therefore an opposite course would be pursued when
conditions
MISSISSIPPI.—An unusually cold spring is cited in many
warranted it. This year there has been every incentive to
plant of our returns as responsible for delaying Ur prolonging the
more cotton, and it has been
done, but only in a conservative time of
piitting in 6f cotton seed this year. Work was ac¬
way, as we do not find reason to make the addition over
tually started m a few sections before the first of March and
1^2%. Fertilizers.—Home-made composts appear to have finished
prior to the end of that month. Elsewhere sowing
been normally used, but commercial varieties have
received began at various times between the middle of March and the
more attention.
middle of April and was not brought to a close until near
GEORGIA.—Preparations for the crop were hindered in May 15, or at about the same time
as a year ago.
Last year,
the early spring by lack of rain, the
necessary requisite in however, the delay was caused by heavy rains, which over¬
properly working the soil. This, of course, retarded the flowed bottoms or
packed soil on uplands, rendering it hard
actual putting in of the seed, but we can
hardly say seriously. to work. As regards germination this year, there is
In some districts work was in
diverg¬
progress the second week in ence of opinion.
Some
of our correspondents report that
March, operations became active quite generally the first seed came up well,
referring particularly to first
of the following month and finished
May 15, or a out the but the majority of the returns refer to the startplantings;
as poor.
same time as in 1909.
The weather from March 20 to the!
Insufficiency of moisture during March and a portion of
middle of April was very dry in many
sections, checking April in most districts is indicated by the returns, which
prompt germination of the seed and the cold weather later, would tend to hinder
development of the plant; but com¬
culminating in heavy frost in some districts, was a further plaints are confined more
especially to low temperature, cul¬
deterring influence. Hail is also stated to have been an
accompaniment of most of the rainfall of the season. Dam-; minating in heavy frosts late in April. Those frosts, we are ad¬
vised, killed much of the cotton that had come up, entailing
age, however, from any of the causes has not been
serious, a replanting considerably in excess of an average. The low
the plant having quite
fully recuperated, and only a very temperature antecedent to the
frost, however, in
moderate replanting has been required.
The start, as the germination of seed minimized to some extent the checking
damage.
foregoing indicates, is a late one; but it is worthy of note
May conditions were much more favorable, with the result
that our reports indicate that seed has come
up well, or is that the plant has grown off well and has on the whole come
now doing so.
It is clear therefore that at the moment to a
good, stand. There have been no hindrances to
there is nothing, barring
backwardness, to be complained cultivation, and in consequence the fields are clear of proper
weeds
of as regards the situation in
Georgia. Weather conditions and grass. In fact, from some sections our
replies denote
now are favorable, and it is
upon their continuation that that the land has been more
thoroughly prepared and culti¬
everything depends. The outlook is consequently quite en¬ vated than ever before.
Acreage.—In the matter of area this
couraging. Stands average good and fields have on the
there would
to have
whole been well worked.
Acreage.—Here,
as
in the Caro¬
linas, conservatism in the matter of area has been
but whatever changes have been made have in observed;
the main
been toward adding to cotton
territory* It has been very
year
seem
been
more
conservatism dis¬
played in Mississippi than elsewhere at the South. High
prices as an impelling force have been counteracted to soihe
extent by continued fear of the boll-weevil.
From the mass
of information at hand, however, we make the deduction that
June 4 1910.
THE CHRONICLE
there has been
a net gain of 1%.
Fertilizers.—In the richer
sections of the State little or no fertilization is attempted.
Elsewhere this year we note a disposition to moderately in¬
crease the use of both commercial and home-made varieties.
LOUISIANA.—Advices received from Louisiana indicate
that weather conditions operated to hinder preparatory
work and planting in some measure this spring, yet not to
the extent that they were hampered in 1909.
Seeding began
as
early
as
March 5 in
some
districts, ten days later in others,
became general about the first of April, and the original
planting was finished before the close of the month. Re¬
planting, however, which the frosts of April 25 and 26 ren¬
dered necessary to a greater extent than usual, was not
completed until the second week of May. Referring to the
frost, a valued correspondent remarks that “it was suffi¬
ciently severe to have killed all cotton and tender vegetation
if it had been preceded by rain.
But the country was
exceedingly dry and not much serious injury resulted. The
greatest injury to cotton was to set it back two weeks or
more.
Study and experiments cause me to believe that early
cotton means the breeding of early generations of weevils,
the parents of which would have died out without progeny
but for early planting.
I am confident, therefore, that the
frost will prove a blessing in disguise in pointing out a way,
if not to exterminate the weevils, to at least minimize their
ravages.” As regards germination, some of our reports
state that seed came up poorly, others say fairly well, but
the majority of the returns characterize the start as good.
In addition to cold weather, lack of moisture was complained
of in some sections in March and April, but the conditions
recently have been propitious on the whole, and the plant,
though less advanced than in an average season, is now
doing very well. Stands, although still a little irregular, are
good as a rule, and there has been no hindrance to work of
cultivation.
Acreage.—Fear of the boll-weevil is instanced
again this year as being responsible for reductions in area in
some sections of the State.
On the other hand, a number of
important additions are to be noted, overcoming the losses
elsewhere and leaving a net increase of approximately 2%.
Fertilizers are used to only a limited extent in Louisiana,
and this year a small decrease in takings is apparent.
TEXAS.—Farming operations began early in Texas this
spring, some seed having been put into the ground before
the middle of February.
Work did not become general,
however, until well along in March, and was hindered some¬
what by lack of rain, which made the ground hard to manipu¬
late.
In consequence the finish of operations wrs not until
after the first of May, or about the same as in 1909, when
dry weather was also a deterring influence. Aside, however,
from t
delay occasioned in the putting in of the seed, the
reported droughty conditions do not seem to have exerted
any especially adverse influence.
Some of our correspond¬
ents, it is true, say that the start was poor, but quite gen¬
erally germination is reported upon favorably, seed being
stated to have come up from fairly well to very well.
Devel¬
opment of the plant nas been retarded by cold weather to
some extent, and to the same cause may be ascribed a mod¬
erate amount of replanting.
The severe cold spell of late
April was ineffective except in som of the northernmost
districts of the State.
Shortly after the first of May needed
rains fell over a portion of the State, but it was not until
about the 15th that there was any general relief.
Since
that time, however, conditions have been quite uniformly
favorable, and the plant has done exceedingly well, taking
on strong and healthy growth.
Stands vary to some extent,
but on the whole are good at this time.
Furthermore, the
work of cultivation has been excellently attended to.
Acre¬
age.—We are not left in any doubt as to the tendency in the
matter of area this year.
In older parts of the State changes
have as a rule been along conservative lines, and in instances
last year’s acreage has not been departed from.
In newer
districts, however, where new territory, including former
cattle ranges, is being brought under cultivation, additions
of 20%, 25% and higher are frequently reported.
Giving
due weight to all the reports, we believe ourselves within
bounds in making the net gain this season approximately
8%. Fertilizers, little used at any time, have received
slightly more attention in a few localities.
ARKANSAS.—There does not
seem
appreciable difference in the planting
to have been any
1461
Fertilizers have played a more
important part in the agriculture of Arkansas of late years,
and we find a tendency to use commercial sorts more freely
increase of not less than 4%.
this year.
OKLAHOMA.—Gold weather served to protract the
planting season somewhat in Oklahoma this year, but the
hindrance was less than in 1909.
Commencing to some
extent shortly after the middle of March, work became active
generally a month later, but was not completed until well on
in May.
Seed on the whole germinated fairly well to well,
although from a few localities we have reports of a rather
poor start.
The spell of low temperature late in April is
given as the cause for such replanting as has been necessary—
an amount, however, of only about average proportions.
The weather since the development of the plant began has
in the main been favorable, barring the cold weather in the
last few days of April and the first week of May.
On that
point our correspondents are pretty well in accord, and they
further agree in stating that since about May 10 conditions
have as a rule been such as to foster satisfactory growth.
Stands secured from early-planted seed averaged good, and
the same is really true of late plantings so far as growth has
reached the stage where chopping out has been carried On.
As regards the condition of the fields, it would appear that
the ground has rarely been as Well Worked as in the current
year, and there is now entire freedom from foreign vegeta¬
tion.
The foregoing remarks would seem to indicate that
with normal seasons the outlook in Oklahoma is gratifying.
Acreage.—With much virgin soil being brought under culti¬
vation annually, it is no more than natural to expect that
with the incentives the current
season
holds out to cotton
planting there would be a large increase in area. That, in
fact, has been the case; yet the addition is not as great as
anticipated earlier in the season. This is due to the fact
that in middle, southeastern and western sections grain has
claimed much greater attention, and in the last-named
section broom corn has been much more largely planted.
Still, additions of 15 and 20% are not uncommon in our re¬
turns, some running even higher; and we seem to find Warrant
to conclude that the augmentation in area in the State as
a whole will not
vary much from 11%. 1Fertilizers, little
used, have been availed of to a slightly greater extent than
a
year ago.
TENNESSEE.—Abnormal weather conditions are noted
season.
March was unusually warm and
in Tennessee this
April unseasonably cold and too wet, with quite a snow¬
on the 24th and temperature around the
freezing
point on several nights, continuing into May. With such a
situation, planting, although started early, was much pro¬
longed, and was not completed until after the middle of May.
Germination of seed was delayed and much of the early
planting was not up at time of frost; consequenty no great
amount of replanting was required.
In fact, it was not until
near the 10th of May that a favorable turn in the weather
fostered satisfactory development of the plant.
Recent
growth has been about as desired, but the crop is late and
therefore only a partial stand has been secured.
But where
chopping out has been done stands are good and the remain¬
der of the planting is on the whole coming along well and has
been thoroughly cultivated.
Acreage has been increased,
storm
but nowhere to more than a moderate extent, and in some
localities the disposition has been to plant as in the preceding
year.
Still, for the State
as a
unit 2% would seem to be
Fertilization of
this year, but
fair measure of this year’s augmentation.
the soil has received slightly more attention
artificial aids are never freely used.
a
MISSOURI.—Planting of cotton started in March, but
weather in April necessitated a moderate
amount of replanting, which was finally completed about the
unfavorable
middle of
May. Cold weather retarded germination of early
plantings, and as a result seeds were slow in coming up and
the start was rather poor.
Through April and early May
low temperature was an adverse factor, but after the 15th
of the latter month a favorable change fostered more satis¬
factory growth. Stands now as a result are good or promise
good and the fields are clean. Acreage.—To the restricted
cotton area of Missouri there has apparently been an addition
this year of approximately 2%. Fertilizers are but little used.
this year and
however, that as time passes there
BUREAU OF MINES.
is a lessening of the tendency to get seed in early.
One of
We give below the text of the bill under which is created
our correspondents well says that April 1 is too early to plant
the
Bureau of|Mines in the Department of the Interior.
in
cotton
Arkansas; but that is the date when in earlier years
The
a start has been made in many districts.
This year, however, bill was signed]by President Taft on May 16th and is to go
work was not general until the middle of the month and was
into effect onVuly 1 next:
completed May 20. Although checked in germinating by
[H. R. 13015.]
low temperature, seed came up well as a rule, but more than
An Act to'tttabllsh In the Department of the Interior a Bureau of Mines.
the usual amount of replanting was necessitated by the frosts
Be if enacted by the Senate and House of Representatives of the United
of April 25 and 26.
Subsequently the weather continued States of America,,in
Congress assembled. That there Is hereby established
somewhat unpropltious down to near the middle of May,
In the Department'ofjthe Interior a bureau, to be called the Bureau of Mines*
but latterly has turned quite uniformly favorable, and devel¬
and a director of sald|bureau, who shaH be thoroughly equipped for the
opment of the plant is now satisfactory in the main. This is duties of said offloe byjtechnical education and experience, and who shall
indicated by the fact that stands for the most part, where be
appointed byithe President, by and with the advice and consent of the
they have been secured, are reported good, ana the crop is Senate, and who>hall|reoelve a salary of six thousand dollars per annum;
well cultivated.
Acreage.—In districts where new land is and there shall also]befln}the said bureau such experts and other employees
being brought unde# crops, we not#* tendency, and a natural
one at that, with
Sec.
prices for the stdrfe ruling high, to put a
Jjl That It shall befthe province and duty of said bureau and its
fair share of it in cotton. Elsewhere changes have been un¬ director1, under the'direction of theSecretary of the Interior, to make
important either to or from. I#OUr judgment, the net diligent ldvfestlgatlonjof |the method! of mining, especially in relation to
change in the cotton area of Arkansas this year has been ah the safety of miners,rand]the]appllances best adapted to prevent accidents,
last.
It is to be noted,
season
1463
THE CHRONICLE
he possible improvement of conditions under which
mining operations are
ores and other mineral substances, the use of
explosives and electricity, the prevention of accidents, and other inquiries
carried on, the treatment of
and
technologic investigations pertinent to said industries, and from time
to time make such
tion obtained
as
public reports of the work, investigations and informa¬
Secretary of said department may direct, with the
the
recommendations of such bureau.
Sec. 3. That the Secretary of the Interior shall provide the
said bureau
with furnished offices in the City of Washington, with such books, records,
stationery and appliances, and such assistants, clerks, stenographers, type¬
writers and other employees as may be necessary
for the proper discharge
of the duties imposed by this Act upon such bureau,
fixing the compensa¬
tion of such clerks and employees within
appropriations made for that
purpose.
Sec. 4. That the Secretary of the Interior is
hereby authorized to trans¬
fer to the Bureau of Mines from the United States
Geological Survey the
supervision of the investigations of structural materials and the analyzing
and testing of coals, lignites and other mineral fuel substances and the In¬
vestigation as to the causes of mine explosions; and the appropriations made
for such Investigations may be expended under the
supervision of the Di¬
rector of the Bureau of Mines In manner as if the same were so directed in
the appropriations Acts; and such investigations shall hereafter be within the
province of the Bureau of Mines, and shall cease and determine under the
organization of the United States Geological Survey; and such experts, em¬
ployees, property and equipment as are now employed or used by the Geo¬
logical Survey in connection with the subjects herewith transferred to the
Bureau of Mines
are directed to be transferred to said bureau.
Sec. 5. That nothing in this Act shall be construed as in any way grant¬
ing to any officer or employee of the Bureau of Mines any right or authority
in connection with the Inspection or supervision of mines or
metallurgical
plants In
any
State.
Sec. 6. This Act shall take effect and be in force
of July, nineteen hundred and ten.
on
and after the first day
Approved, May 16, 1910.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO’S.
—The public sales of bank stocks this week
aggregate
201 shares, of which 198 shares were sold at the Stock Ex¬
change and 3 shares at auction. No trust company stocks
were dealt in.
The table below, given in our usual form,
shows the actual sales of New York
City bank stocks made
during the week at auction and at the Stock Exchange. Ex¬
tensive tables showing the bid and asked
quotations, de¬
posits, surplus, &c., of banks and trust companies in all im¬
portant cities in the United States are published monthly in
the “Bank and Quotation” Section, the June issue of which
accompanies to-day’s “Chronicle.” Bid and asked quota¬
tions for all New York City bank and trust
company stocks
are also published
weekly in another department of the pa¬
per, and will be found to-day on pages 1471 and 1472.
Shares. BANKS—New York.
Low.
High.
*69 Commerce, Nat. Bank of.
210
220
♦129 Fourth National Bank.... 185 y2 187
3 Northern Bank
100
100
_
*
Close.
Last Previous Sale.
210
May
185 H May
100
May
1910— 222
1910— 187
1910— 100 %
Sold at the Stock Exchange.
—An
the postal savings bank bill, which
had been considered in caucus by the
Republican members
of the House at Washington for a week was reached on the
1st inst., and the bill in the form agreed
upon by the caucus
agreement
on
adopted.
The bill forming the basis of the delibera¬
the Gardner bill, which was favored
by the Republican members of the Committee on Post Of¬
fices and Post Roads, and was introduced in the House on
May 17 as a substitute for the Senate measure. The chief
controversy had by the caucus over the Gardner bill was on
the question of the percentage of
postal deposits which should
be allowed to remain in the communities where
they originate.
The Gardner bill had provided that
473^% of the deposits
should remain with the local banks, that
47^% be used for
the purchase of Government bonds and that
5% be retained
as a reserve fund.
Under the agreement reached
by the
caucus, 65% of the savings bank funds is to remain on de¬
posit with local institutions, 30% may be used for invest¬
was
tions of the
caucus was
ment in bonds
or
other securities of the
Government and
5% must be held as a permanent reserve in the United States
Treasury. These provisions were contained in an amend¬
ment presented by Representative Davidson.
An amend¬
ment, offered by Representative Yreeland, providing that
723^% of the funds be permitted to remain in local banks,
with 223^% available for investment in Federal
securities
and 5% as a permanent
reserve, was defeated by the caucus.
—The fifteen or sixteen cases
brought to test the constitu¬
tionality of the Corporation Tax Law were assigned by the
United States Supreme Court on
May 31 for re-argument
at the next term of the Court in October before
The
“
cases were
argued
a
full bench.
March 17 and 18 before a bench
consisting of eight members, and when Justice Brewer died
shortly after, it was thought that the cases would possibly
on
be restored to the docket.
Gov. Hughes, as successor to
the late Justice Brewer on the
bench, will
participate in the
proceedings which will decide the question of the constitu¬
tionality of the law. The tax is payable on or before June 30.
[VOL.
LXXXX
Secretary MacVeagh announced that, notwithstanding the
failure of the Court to pass on the
matter, the Treasury would
proceed to collect the tax in accordance with the provisions
of the law.
Should the Court, after re-argument, decide
the tax to be
unconstitutional, the money collected will be
refunded without the
necessity of Congressional
the statutes
or in error.
providing for the return of
taxes
legislation,
paid wrongfully
—Charles Dyer Norton, an Assistant
United States Treasury, was appointed
Secretary of the
Secretary to President
W. Carpenter, who has
Taft
on
the 1st inst. to succeed F.
been named as Minister to Morocco.
Mr. Norton became
Assistant
Secretary of the Treasury a year ago. He was
formerly general agent in Chicago of the Northwestern
Mutual Life Insurance Co.
—A. Piatt Andrew, at present director of the United
States Mint, has been chosen to succeed Charles D. Norton
as Assistant
Secretary of the Treasury. Mr. Andrew is
Special Assistant
to the National
Monetary Commission.
—Jesse
Overstreet, a member of the National Monetary
Commission, and a former Congressman, died on May 27 at
his home in Indianapolis.
He was fifty years of age.
—A resolution in which the
proposed establishment of the
postal savings bank system is vigorously opposed was
adopted by the Tennessee Bankers’ Association at its
annual meeting at
Chattanooga on May 24 and 25. The
resolution in which its protest is
registered is as follows:
Resolved, That the Tennessee Bankers’ Association Is opposed to the es¬
tablishment of the postal savings system by the United States
Government
on the following grounds:
1. That the functions of the United States Government
should not be
extended to the sphere of banking.
2. That a postal savings bank system Is
unnecessary at this time, as the
needs of the people are being taken care of
by private enterprise In a much
more satisfactory way than can
possibly be done by the Government.
There Is, moreover, no demand or general
sentiment on the part of the
public for such a system.
3. Its practical effect would be to draw from the rural
districts the funds
that should remain there for local development and to
carry same to large
monetary centres, or to withdraw such funds entirely from circulation.
4. It would prove In time of panic a most serious menace to
banks,and
consequently to all borrowers from banks, as timid customers would be
tempted to withdraw their deposits and place same with the Government
The banks would be consequently forced to call in
loans, Industry would
be throttled and laborers thrown out of
employment.
5. Those provisions by which such postal
deposits would be exempted
from legal process and taxation are particularly objectionable, both because
of the dangerous precedent of the National
Government attempting to
withdraw Individual property from State taxation and
legal process, and
because it would encourage dishonesty.
A committee has been
delegated to submit the views
of the Association to the committee at
Washington having
charge of the postal savings bank bill. This committee
of T. R. Preston, President of the Hamilton
National Bank of Chattanooga; F. O. Watts, President of the
First National Bank of Nashville; and
Dwight M. Arm¬
strong, Cashier of the Commercial Trust & Savings Bank
of Memphis.
consists
—The Kansas Bankers’ Association at its annual conven¬
tion in Topeka on May 26 and 27 also expressed itself as “un¬
alterably opposed to any system of postal savings banks that
does not provide for the holding of all its funds for the sole
use of the community from which
they are received by the
re-deposit of such funds with the local banks, both State
and national, of that community.”
A resolution was like¬
wise adopted indorsing the work of the committee on bills
of lading of the American Bankers’
Association, looking to
uniform* bills of lading and the
safeguarding of such instru¬
ments.
The Association placed itself on
record, too, as
favoring a central bank of issue, “the business of which
shall be confined to the handling of the finances of the
Government, and, as the businessof the country may require,
to issue currency against approved securities
of both State
and national banks, with power to fix the rate of
discount, as
general conditions may warrant.” Except for a brief refer¬
ence to the deposit-guaranty law by State Bank
Commissioner
J. N. Dolley, in which he advised against a discussion of the
matter, inasmuch as it would only engender feeling, no
mention of the guaranty question was made at the meeting.
Steps to harmonize the interests of both the State and the
national banks were taken in the adoption of a resolution
as
follows:
Resolved, That
we believe that peace and harmony should exist at all
times between the State and national banks, and to this end we recommend
that a committee composed of three State and two national bankers be
appointed by the President, whose duty It shall be to devise
ways
and
for and harmonize the Interests of both State and national
banks and report to the next annual meeting.
means
to
care
W. W.
Bowmap of Topeka has been re-elected Secretary
The newly elected President is W. H.
Burks, Cashier of the Security State Bank of Wellington.
of the Association.
June 4
1910.]
—Charles
H.
States, died
on
THE CHRONICLE
Treat, formerly Treasurer of the United
Monday, May 30, in his apartments in the
Hotel Victoria, this city.
Death was due to apoplexy.
Mr. Treat was born in
Frankfort, Me., sixty-eight years ago.
He was appointed by President
McKinley as Collector
of Internal
Revenue for the Wall Street District of New
York in 1898 and was
re-appointed to that office by President
Roosevelt in 1902.
In 1905 he was made Treasurer of the
United States, from which
post he resigned last October.
—For their semi-annual
meeting in July,
bank examiners have been called
upon by
the national
Comptroller of the
Currency Lawrence O. Murray to prepare for discussion pa¬
pers pertinent to their work.
The Comptroller has assigned
to the chairmen of the various
groups the subjects which he
desires them to take up.
These chairmen in turn will select
subjects for the examiners in their respective groups. The
following is a copy of the letter, as given in the “Journal of
Commerce,” in which the chairmen of the districts have been
advised of the Comptroller’s plans in the matter:
“A general plan of procedure will be
inaugurated at the July meeting in
the different districts, which will be continued while I am
Comptroller.
The chairman of each district will be assigned a
subject upon which I desire
to have a paper carefully prepared, to be read
by the chairman of the ex¬
aminers present, who will be requested to
thoroughly discuss the subject
under consideration.
“The
subject assigned to you is
your Information there is enclosed
“For
a list of the subjects
assigned to
the various chairmen.
"Each chairman in turn will select and
assign to each of the examiners
in his district a subject upon which the chairman desires
to have a
paper
banking
room.
floor is to be
ing
1463
The present high-stoop entrance to this
an imposing entrance to the bank¬
removed, and
will be constructed in the center of the Nassau Street
building. This entrance will consist of a recessed
opening ornamented with a Doric cornice and Doric columns
of granite, and two
winding stairways of marble and granite
will lead up on either side to the entrance.
The space to he
set apart for the public
in the bank will extend along the
Nassau Street front; the floor is to be of
marble, with wainscoating of old English oak reaching to the ceiling. On the
Pine Street corner of the
building the main officials of the
bank will have their offices, which will be
separated from the
public banking room by low screens. In the adjoining build¬
ing on Pine Street, which is also to be remodeled, provision
room
side of the
will be made for the directors’
room
and the President’s
private office. The entrance to the offices above the bank
in the main building on Nassau Street is to be
brought to the
level of the
street.
The present elevators are to be
replaced
by new electric elevators, and the halls and upper stories so
arranged that the elevators will stop at the floors instead of,
as now, at the intermediate
landings. Dining rooms for the
officers and employees of the bank will be located on the
top
floor.
—Samuel Redfern, who has been in the
employ of the
Mercantile National Bank of this city since 1881 was this
week appointed an Assistant Cashier of the institution.
—The work of
demolishing the Gillender and Stevens build¬
ings,
and
Nassau streets, to make way for the new
at
Wall
various examiners should not be more than ten minutes in
length, and a
structure which the Bankers’ Trust Co. is to erect on the
sufficient number of copies should be prepared by the examiner so that
site,
they
has been watched with interest
may be attached to the reports of the respective chairmen.
during the past month by
“In order that the examiners may have
plenty of time to prepare their
those who have occassion to travel
daily in the vicinity. The
papers, you are requested to assign the subjects to them at once.
As soon
Gillender Building was an immense steel-frame structure of
as the subjects are assigned to the examiners in
your district, which ought
to be within ten days, will you kindly send a list of the
modern type, twenty stories
subjects to me, as a
high. It was erected only
very careful record of this entire matter is being kept in the files of this
twelve years ago at a cost of $500,000, and ranked then
office.”
as
one of the highest office
The subjects which have been assigned to
buildings
world.
in
the
The
contract
the chairmen for
its removal was made with the Volk
are as follows:
House-Wrecking Co.,
which has forty-five days in which to
“The Best Method of Co-operation with Clearing-House Associations
complete the work.
Where There Is No Clearing-House Examiner,” Alfred
The sum to be paid the contractors is
Ewer, Chairman,
$50,000;
should the
District No. 1, headquarters, Boston, Mass.
work extend beyond the period fixed, the contractors
“Reconcilement of Accounts with Correspondent Banks and Suggested
will
Improvements,” Charles A. Hanna, Chairman District No. 2, headquarters be obliged to pay a penalty of $500 for each day over the
New York City.
time allotted.
The work of tearing down the
buildings be
“A Comprehensive System of Credits,” Frank L. Norris, Chairman Dis¬
gan on May 3 and its completion is called for by June 18.
trict No. 3, headquarters Philadelphia, Pa.
Both night and day forces are engaged by the
“Co-operation between a Bank Examiner and the Officers and Directors
contractors,
of National Banks,” Henry A. Williams, Chairman District No.
4, head¬
250 men being employed during the day
100
at night.
and
quarters Pittsburgh, Pa.
In an interview reported in the “Times”
“The Verification of Individual Ledgers and the Good Results
that May
yesterday, Mr. Voljc
Be Accomplished Thereby,” Percy H. Johnston, Chairman District No.
is quoted as saying that the steel in the Gillender
5,
Building
headquarters Lebanon, Ky.
and the wrought iron in the Stevens
Building were in a per¬
“Methods of Examination and Suggested
Improvements,” E. F. Rorefect state of preservation.
beck, Chairman District No. 6, headquarters Chicago, Ill.
The hardest work, he stated,
“Why an Examiner Should Not Accept Help from Bank Employees,”
has been in getting down the brick
backing of the stonewor k
J. A. Rathbun, Chairman District No. 7, headquarters
Minneapolis, Minn.
in front, but this was managed with
“How Best to Co-operate with Clearing-House
pneumatic guns, and the
Examiners,” Frank O.
same methods were
Hicks, Chairman District No. 8, headquarters St. Louis, Mo.
pursued with the brickwork in the cor¬
“The Advisability and Practicability of
ners.
The hardest part of the brick work,
Convening Boards of Directors
according to Mr.
by National Bank Examiners at the Time of the Examinations, to Lay Be¬
Volk, will be from the third story down, and in case if the
fore Them Such Matters as Need Correction—When Practicable and Im¬
brickwork will not yield to air guns, dynam ite will be used.
practicable,” J. M. Logan, Chairman District No. 9, headquarters Fort
Worth, Tex.
—The Night & Day Bank of this city,
located at 44th St.
“Extended Lines of Credit: What Constitutes Such Lines and the Dan¬
and
Fifth Ave., has decided to curtail its hours of business.
gers in Connection Therewith,” F. L. Klein, Chairman District No. 10,
headquarters Denver, Colo.
Beginning June 15, it will abandon the practice heretofo re
“How the Best Results May be Obtained by Co-operation
with State
of remaining open
observed
continuously, night and day
Examiners,” E. T. Wilson, Chairman District No. 11, headquarters Seattle,
Wash.
(except Sundays and holidays), and will reduce its working
Besides the foregoing, papers on the
following subjects are period to sixteen hours daily, or from 8 o’clock in the morn¬
to be prepared:
ing until midnight. The bank inaugurated the plan of con¬
“When Is an Examiner to Determine Losses on Loans of
Long Standing?”
ducting business throughout the entire twenty-four hours
Examiner S. M. Hann, Baltimore, Md.
with its opening in April 1906.
“Demand Paper and Its Relation to Slow and Doubtful Lines of Credit,”
In announcing the proposed
Examiner F. Coates Jr., Richmond, Va.
change in this policy, President Samuel S. Campbell states
“When Should the Comptroller’s Office Insist
upon the Voluntary Liqui¬
that “observation and study for the past two
years of the
dation of National Banks?” Examiner O. L.
Telling, Chief Division of Re¬
all-night service offered by this bank have convinced the di
ports, Washington, D. C.
rectors that the bank’s patrons can be fully served in shorter
—It is reported that the Holyoke
Savings Bank of Holyoke,
Mass., intends to establish a department for the issuance of banking hours.” Mr. Campbell has been at the head of the
institution since January 1908.
The opening hours of the
life insurance policies and annuities.
The law under which
&
Day
Safe
Night
Deposit Co. will be similarly changed.
the Massachusetts savings banks are
permitted to .operate
—The purchase of the Mercantile Safe
such departments has been in effect since November 1907.
Deposit Co. of this
The Whitman Savings Bank of Whitman and the
People’s city by the Mercantile Trust Co. is announced. The Safe
Savings Bank of Brockton, both installed life insurance de¬ Deposit Co., organized in 1870 and at present located in the
Equitable Building at Broadway and Cedar Street, will here
partments in 1908.
after be operated in conjunction with the Mercantile Trust.
—The Fourth National Bank of this
city has accepted
plans for the contemplated alterations in its property, which The officers of the company are William Giblen, President;
takes in the entire east side of Nassau Street and extends William C. Poillon, Vice-President; John B. Russell, Treas¬
urer, and E. M. Billings, Secretary.
back on Pine and Cedar streets.
From the “Real Estate
prepared, which should be read by the author at the meeting and tho¬
roughly discussed by the examiners present.
The papers prepared by the
Record and
Guide”, in which the plans are outlined, we
remodeling will practically transform the lower
portion of the building. The entire first floor, of which the
bank now uses only a part, and which at present is sub¬
divided by a hall and partition, will be thrown into one large
learn that the
—The statement issued
upon
the occasion of the third
anniversary of the Fidelity Trust Co., at Chambers Street
and West Broadway, completes the record to date of this
company, which does business in the West Side district of this
city and which began
operations2Mayj22|1907.J|The]]com-
1464
THE CHRONICLE
pany’s deposits at the close of business last Saturday, the
21st inst., were $7,051,853, while cash on hand and in bank
was $1,826,044,
surplus and undivided profits, $951,158, in
addition to $750,000 capital.
Aggregate resources were
$8,815,366. The company’s progress during the three years
is shown in the subjoined table:
Number of
Accounts.
Date.
May
May
May
May
22 1907
22 1908
22 1909
22 1910
1,013
1,311
-1,644
-
Total
Deposits.
Resources.
Commenced business
$4,208,172 36
$5,845,875 79
5,771,489 61
7,490,158 09
8,815,366 33
7,051,853 78
The executive officers are: Samuel S. Conover, President;
Wm. H. Barnard and John W. Nix, Vice-Presidents; Andrew
H. Mars, Secretary; Stephen L. Viele, Assistant Secretary,
and Arthur W. Mellen, Trust Officer.
•—Articles of
incorporation of the New York branch of the
Mc¬
Call of the New York Supreme Court on May 28.
—Edwin G. Merrill, President of the Union Trust Co. of
this city, has been chosen as one of the trustees for the United
States of the Caledonia Insurance Co. of Edinburgh, Scotland,
American Institute of Banking were approved by Justice
to
succeed the late Dumont Clarke.
The other trustees
R. J. Cross and Walter P. Bliss, both of New York.
—The United States Mortgage & Trust Company of this
are
city has been appointed trustee, in connection with William
Nelson Cromwell, for the $50,000,000 of Chicago Milwaukee
& St. Paul 4% 15-year debenture bonds, the sale of which
by Kuhn, Loeb & Co. to a French syndicate has already been
announced.
—In honor of the fortieth anniversary of his connection
with the National City Bank of Brooklyn Borough, Presi¬
dent Charles T. Young was presented with a silver loving-
by the directors of the bank on the 1st inst. Mr. Young
also the recipient of a silver-mounted ink stand—a gift
of the employees.
President Young became associated with
the bank as a bookkeeper in 1870; he was elected Cashier in
1885, later served as Vice-President, and in 1894 was chosen
cup
was
to the
presidency.
—-The
application to organize the proposed Greenpoint
Borough, referred to on May 21,
was approved by the Comptroller of the Currency on May 24.
-—The board of managers of the Howard Savings Insti¬
tution of Newark, N. J., on May 23 elected Samuel S. Den¬
nis President of the bank, to succeed the late Horace T.
Brumley. Mr. Dennis had served as First Vice-President
since 1903.
He is a son of A. L. Dennis, who was one of
the original incorporators of the institution in 1857.
He is
connected with various financial and other enterprises, being
a director of the National Newark Banking Co., the American
Insurance Co.., the Morristown Trust Co., the Chicago Junc¬
tion Rys. Co., the Pittsburgh Cincinnati Chicago & St. Louis
Ry. Co. and the United New Jersey RR. & Canal Co. J. Will¬
National Bank of Brooklyn
iam Clark has been elected Vice-President of the Howard
Savings Institution, Charles H. Norman Assistant Treasurer
and George H. McLellan Assistant Secretary.
—F. W. Dunbar has replaced C. W. Anderson as President
of the First National Bank of Montclair, N. J.
F. W. Fulle
has become Vice-President, succeeding Mr. Dunbar, and
A. T. Gibbs, heretofore Assistant Cashier, takes the place
of H. F. Adams as Cashier.
The institution began business
last year.
[Vol.
lxxxx.
—J. Kinnear Crawford and Joseph S. Crawford, respec¬
tively Vice-President and Secretary and Treasurer of the
American Trust Co. of Philadelphia, Pa., which closed its
doors on Nov. 17 last, were arrested on May 29 on a charge
said to allege the misapplication of funds of the institution.
They were held in bail of $10,000 each.
—E. H. Jennings, President of the Columbia National
Bank of Pittsburgh, and F. A. Griffin, formerly Vice-Presi¬
dent of the
institution, who were indicted in February on
conspiracy charges in the council manic bribery cases, in con¬
nection with the naming of the institution as a city deposi¬
tary, were sentenced on the 1st inst. President Jennings
was sentenced to two months in the
Allegheny County Jail
and to pay a $500 fine, and ex-Vice-President Griffin to four
months in jail and the payment of a $500 fine.
Their jail
terms were begun immediately.
Mr. Jennings is also Presi¬
dent of the Colonial Trust Co. of Pittsburgh and of the
Manufacturers’ Light & Heat Co.
—As
a result of the failure of the United States
Supreme
Court to take any action before its adjournment this week
in the matter of the
appeal of Frank N. Hoffstot, President
Allegheny, the case seems
likely to remain undisposed of until the fall term of the Court.
Mr. Hoffstot has been resisting the proceedings to secure
his extradition from New York to Pittsburgh on an indict¬
ment returned against him in the latter city growing out of
the passage of an ordinance under which his bank was named
as a city depositary.
After an order for his extradition had
been signed by Gov. Hughes in April, Mr. Hoffstot’s counsel
secured a writ of habeas corpus to prevent his removal from
New York.
On May 14 Judge Holt, of the U. S. Circuit
Court of New York, dismissed the writ, but granted a stay
to permit an appeal to the Supreme Court at Washington.
The appeal was filed May 23.
of the German National Bank of
—Charles E.
Mullin, formerly Cashier of the Farmers’
& Merchants’ National Bank of Mt. Pleasant, Pa., which
closed its doors in October 1907, was convicted last week
of
misapplying funds of the institution, and was sentenced
the 28th ult. to five years in the Leavenworth prison.
A
similar sentence was imposed upon the accused in January,
following his conviction on the same charge; a re-trial was
had, however, at the direction of the U. S. Circuit Court of
Appeals. E. H. Steinman, President of the Acme Lumber
& Supply Co. of Mt. Pleasant, and formerly a director of the
bank, who had also previously been convicted of aiding in
the misapplication of the bank’s money, and had been granted
another trial, was again convicted in the matter on the
on
25th ult.
—James J. Hill, Chairman of the board of the Great North¬
Ry., has been elected a director of the Illinois Trust &
Savings Bank of Chicago, to fill the vacancy created through
ern
the death of William H. Mitchell last March.
also
Mr. Hill is
director of the First National Bank of
Chicago.
—Henry S. Henschen, Cashier of the State Bank of Chi¬
cago, has met with a severe accident which will probably keep
him housed for several weeks.
While romping with one of
his children, he fell and sustained a compound fracture of
one leg.
a
—The Central National Bank of Cleveland has gotten out
Oliver, Treasurer of the grain firm of Durant & a folder containing a reprint of an article published recently
Elmore of Rochester, and Henry C. Palmer, formerly freight in connection with the renewal of the bank’s
charter, and
agent of the Delaware & Hudson Co., were arrested on the treating of the salient facts in the institution’s history. The
2nd inst. on charges growing out of the embarrassment of
leading spirit in the organization of the bank twenty years
the firm through the manipulation of bills of lading.
Some ago was Col. J. J. Sullivan, its present executive. The
eight or nine banking institutions are concerned in the affairs bank started with a capital of $800,000; the amount originally
of the firm as holders of its paper.
Oliver, it is stated, is fixed upon was $500,000, but because of the demand for the
charged with grand larceny in the first degree and Palmer stock it was decided to increase that figure by $300,000.
with the falsifying of bills of lading.
The Oliver affidavits, The stock was allotted at par. The growth of the institu¬
according to the Albany “Journal,” charge that on March 10 tion is evidenced by the fact that, in addition to paying semi¬
last he obtained from the National Commercial Bank $22,000
annual dividends ever since its organization, there has been
on bills of lading subsequently found to be fraudulent. Both
built up a surplus of over $700,000.
Col. Sullivan has the
of the accused entered pleas of not guilty, and were released
assistance of the following in the management: E. W. Ogleunder bail of $5,000 each.
bay, Vice-President; L. J. Cameron, Cashier, and J. C. Mc-—John Bell Austin, Secretary of the
Philadelphia Stock Hannan, Assistant Cashier. Messrs. Sullivan, Oglebay and
Exchange since 1894, died suddenly on the 31st ult. Mr. Cameron have been identified with the bank since its in¬
:
Austin was in his sixty-fourth year.
He was formerly a ception.
member of the stock-brokerage firm of Austin &
Oberge,
—The stockholders of the Deshler National Bank of Colum¬
which, with Charles H. Oberge, he founded in 1868, but which
was subsequently dissolved.
,His father, John B. Austin, bus, Ohio, are to meet on the 27th inst. to act on the ques¬
tion of consolidating with the Hayden-Clinton National
was for many years Cashier of the Southwark Bank
q£;£hiladelphia, and he was a brother of Richard L. Austin pVic$- Bank, in accordance with the plans reported in these columns
President of the Girard National Bank. Horace' H. Lee lastf week. The stockholders of the ^Hayden-Clinton Na¬
has been appointed Secretary of the Stock Exchange
take action in the matter on the 24th inst.
pro tern. tional will
—Gibson
June 4
1465
THE CHRONICLE
1910.]
—The Union Stock Yards National Bank of Union Stock
Yards (Post
—Under an arrangement for the liquidation of the Central
& Trust Co. of Houston, entered into between its
Office Wichita), Kansas, has been organized
$50,000 capital. The officers are C. H. Brooks, Presi¬
dent; George Theis Jr., Vice-President; F. T. Ransom, Cash¬
ier and John D. McCluer, Assistant Cashier.
Bank
the bank’s
can
with
management and that of the Lumberman’s National Bank,
the offices of the Central were moved to the quarters of the
Lumberman’s on May 23d.
It is announced that the
directors
of
the
Central
in
deciding upon -the liquidation of
—The Central National Bank of Topeka removed on May
16th to its own building at the corner of Seventh and its business contemplate the formation of a new national
The Central Bank & Trust Co. began operations in
Kansas avenues.
Since the consolidation of the Capital bank.
National Bank with the Central in January, the latter, April 1908, taking over the business of the Texas Savings
pending the reconstruction of its own building, had occu¬ Bank. Last year the Central increased its capital from
pied the quarters of the Capital National. The remodeled $100,000 to $200,000, and in February last control was ac¬
offices have been fitted up in the most modern way and with quired by Frank W. Vaughan, who upon becoming Presi¬
special regard to the convenience and accommodations of dent of the institution resigned the cashiership of the Ameri¬
patrons. The Central National has a capital of
$200,000 and a surplus of $40,000.
—William P. Kennett has been elected President of the
German-American Bank of St.
Louis to succeed the late
Bank of Houston.
National
bank* the American National,
—Still another Houston
has transferred its business to the Lumberman’s National
Bank.
directors of
The
American National
the
decided
August Gehner. Mr. Kennett is replaced as First Vice-Presi- upon this step on May 28, and on Monday of the present
deht by Louis Brinckwirth, the latter in turn being succeeded week the liquidation of the American through the Lumber¬
as Second Vice-President by William H. Nolker.
Mr. Ken¬ man’s National was begun. W. E. Richards, President of
nett, formerly of the firm of D. R. Francis & Bro., became the American National, will become a director and honorary
identified with the bank as Vice-President in November 1907. Vice-President of the Lumberman’s National, and Horace
—A consolidation of the Bank of Richmond at Richmond, M. Wilkins, Assistant Cashier of the American, will be made
Va., with the National Bank of Virginia at Richmond is pro¬ an Assistant Cashier of the Lumberman’s. The American
posed in arrangements now awaiting the respective stock¬ National was originally the American Bank & Trust Co. The
holders’ approval.
Under the pending negotiations the Na¬ institution was organized under the latter title in 1905 with
tional Bank of Virginia, which is to be the name of the con¬ a capital of $100,000; in 1908 it was converted to the national
tinuing institution, is to increase its capital from $500,000 system and its capital increased to $250,000, the present
to $1,200,000.
The present surplus and undivided profits amount. Its deposits on March 29 1910 were $1,467,180.
of the bank are now in the neighborhood of $370,000, and the The Lumberman’s National, through which the Central
declaration of a dividend to the stockholders out of the surplus Bank & Trust and the American National are now being
will also be considered at the forthcoming meeting of its liquidated, a year ago liquidated the business of the City
stockholders, which is to be held on June 28. The Bank of National Bank of Houston.
Richmond has a capital of $1,000,000 and surplus and profits
—According to dispatches from Oklahoma City to the
of over $500,000.
In its report with regard to the proposed St. Louis “Globe-Democrat” on May 22, the Oklahoma State
consolidation, the Richmond “Dispatch” states that it is Banking Board, in a distribution made on that day to the
understood that seven-twelfths of the capital of the consoli¬ creditors of the failed Columbia Bank & Trust Co. of Okla¬
dated bank will go to the stockholders of the National Bank of homa
City, completed the payment of the claims against
Virginia and the remainder to those of the Bank of Rich¬ the institution by depositors. The total amount repre¬
mond.
the
The stockholders of the latter will also
28th
inst.
meet
on
sented in the final checks mailed to the creditors is said to
the
consider
proposed step. William have been $114,000. On May 18 the transfer of $600,000 of
M. Habliston, President of the National Bank of Vir¬ the assets of the institution to the Assets Realization Co.
ginia, will be President of the enlarged bank, and John of Chicago for approximately $300,000 was approved by Dis¬
Skelton Williams, President of the Bank of Richmond, trict Judge
George W. Clark of Oklahoma City.
will become identified with the continuing bank as VicePresident.
The Bank of Richmond was formed in 1904,
Canadian Bank Clearings.—The clearings of the Canadian
through the consolidation of the Richmond Trust & Safe De¬
posit Company and the Metropolitan Bank of Virginia. John banks for the month of May 1910 show an increase over the
Skelton Williams, who became President of the institution same month of 1909 of 19.6%, and for the five months the
■
»
growing out of that consolidation, had been President of the gain reaches 24.2%.
to
trust company.
—An
application to organize the Southern National Bank
of Richmond, Va., capital $100,000, was approved by the
Comptroller of the Currency on the 13th ult.
—The capital of the First National Bank of Roanoke, Va.,
has been increased from $300,000 to $400,000, the enlarged
capital having become effective on April 30. The surplus
was at the same time also raised from $300,000 to $400,000
and the undivided profits from $60,000 to $100,000.
The
par value of the stock, is $100, and it sells at $300 per share.
For several years the bank has paid semi-annual dividends
at the rate of 14% per annum and we are informed that it is
the intention to continue the
—T.
same
rate.
May.
Canada—
Montreal
Toronto
Anderson, formerly President of the defunct
County Bank & Trust Co. of Owensboro, Ky., was
convicted on May 14 on the charge of swearing to a
1910.
1909.
Inc. or
Dec.
*
$
+
170.000.000 144,131,838 + 17.9
124,685,175 116,363,162 +7.2
70,380,883 55,916,690 +25.9
36,460,680 20,715,136 +76.0
16,440,844 15,327,977 +7.3
9,187,015 + 10.9
10,192,307
8,639,854
7,711,630 + 12.0
6,633,488 + 19.8
7,945,312
6,366,546
5,712,777 + 11.4
5,512,243
4,910,676 + 12.3
12,273,936
6,881,994 +78.4
7,485,447
5,407,596 +38.4
5,368,879
3,794,559 +41.5
3,292,634 Not lncl. In tbtal.
1,952,393 Not lncl. iu total.
Winnipeg
Vancouver
Ottawa
Quebec
Halifax
Hamilton
St. John
London
Calgary
Victoria
Edmonton
Regina
Brandon
S.
Five Months.
»
Clearings at—
Total Canada 481,752,106 402,694,638 + 19.6
1910.
Inc. or
Dec.
1909.
$
S
825,931,413
665,950,294
631,660,492
555,886,634
323,375,850
252,961.403
167,416,408
94,746,999
79,138,088
69,493,972
47,399,130
43,283,723
40.444.209
35,690,536
39,384,543
30,596,718
30.531.210
27,217,680
27,468,446
24,714,813
56,464,597
31,347,266
35,690,255
24,434,590
24,571,859
18,811,743
Not
lncl. In t
16,125,974
Not
lncl. In t
5,283,941
+
+24.0
+ 13.0
+27.0
+76.7
+ 13.0
+9.5
+ 13.3
+28.7
+ 12.2
+ 11.1
+80.1
+46.1
+30.6
otal.
otal.
2,329,506,506 1,875,135,771 +24.2
Daviess
false statement of the condition of the institution and was
sentenced to eighteen months’ imprisonment.
He began
his sentence
on
the 17th.
The institution failed in
clearings for the week ending May 28 make a very
comparison with the same week of 1909, the
increase in the aggregate having been 13.0%.
April
Week ending May
1908.
28.
Clearings at—
—Congressman E. B. Vreeland is to address the Georgia
Bankers’ Association at its annual meeting, which takes
place next Tuesday and Wednesday at Atlanta. The ad¬
dresses of welcome on behalf of the State, the City and the
Clearing-House Association will be delivered, respectively, by
Gov. Joseph M. Brown, Mayor Robert F. Maddox and Col.
R. J. Lowry.
Orville A. Park of Macon, Ga., attorney for
the Georgia Bankers’ Association* will present a “Comparison
of the Bank Examination Law,of Georgia with the Law of
New York.”
7*
,
vitj
—The Citizens’ & Southern
nounces
The
favorable
the death
on
Captain John Flannery.
•
;
■.
1910.
Canada—
Montreal
Toronto
_.
%
-
Winnipeg
Vancouver
Ottawa
Quebec
Halifax
Hamilton
St. John
London
..
-
Calgary
Victoria
*
Edmonton
,
s
$ank of Savannah, Ga., an¬
May 9 of its First Vice-President,
Regina
Brangon
...
Total Canada.
28,129,013
27,070,628
12,656,153
6,772,581
2,767,556
1,933,161
2,130,452
1,932,587
1,469,018
978,932
2,599,392
1,272,710
944,853
1909.
$
28,677,909
22,781,035
10,503,273
4,743,352
2,927,267
2,048,974
1,568,995
1,535,467
1,092,090
900,347
1,586,957
1,007,377
838,074
*
587,796 Not Included
350,552 Not included
Inc. or
Dec.
%
—1.9
+ 18.8
+20.5
+ 42.8
—5.5
—5.6
+35.8
+ 25.9
+34.5
+ 8.7
+63.8
+26.3
+ 12.7
1908.
1907.
S
22,271,577
16,386,494
7,920,064
2,788,901
2,303,813
1,527,843
1,587,655
1,025,386
944,506
790,884
942,968
743,422
629,321
27,841,867
25,163,103
9,911,404
2,941,895
2,486,171
1,660,524
1,597,907
1,715,554
1,112.524
1,181,179
1,223,067
959,001
S
59,862,834
78,547,857
763,661
in total
in total
-, \ • ’»
90,657,036
80,211,117
+13.0
1466
THE CHRONICLE
Clearings by Telegraph—Sales of Stocks, Bonds, &c.—
subjoined table, covering clearings for the current week,
LXXXX
SALES OF STOCK AT THE NEW YORK
STOCK EXCHANGE.
The
usually appears on the first page of each issue, but on account
of the length of the other tables is crowded out once a month.
The figures are received by
telegraph from other leading cities.
It will be observed that, as
compared with the corresponding
week of 1909, there is an increase in the
aggregate of 8.8%.
[VOL.
1910.
M’th.
Number
1909.
Values.
Number
of
Shares.
Values.
of
Par.
Actual.
$
$
Shares.
Par.
Actual.
$
$
Jan 24,538,649
fi,255,816,775 2,236,641,564 17,275,500 1,609,551,575 1,550,409,801
Feb. 16,012,626 1,423,073,275
1,407,743,928 12,337,199 1,142,192,700 1,082,075,181
Mch. 14,988,179 1.336.803.725
.
Clearings—Returns by Telegraph.
Week ending June 4.
Per
Cent.
1910.
1909.
$L,526,599,832
107,501,466
134,850,241
23,815,440
202,359,915
54,363,608
13,372,142
$1,387,675,175
110,637,130
+ 10.0
111,039,398
20,391,421
+21.4
+ 16.8
212,532,701
48,920,541
9,349,657
—4.8
+ 11.1
+ 43.0
Seven cities, 5 days
Other cities, 5 days
$2,062,862,744
452,379,861
$1,900,693,023
385,376,918
+8.5
+ 17.4
Total all cities, 5 days
All cities, 1 day
$2,515,242,605
659,276,319
$2,286,069,941
630,417,751
+ 10.0
+ 4.6
New York.
Boston
_
_
_
.
__
_
Philadelphia
__
Baltimore.
Chicago
-
_
_
_
St. Louis
New Orleans
-
_
_
-
Total all cities for week
Other Southern
$3,174,518,924
—2.8
$2,916,487,692
May.
1910.
Inc. or
Dec.
1910.
following compilation
Inc. or
Dec.
1909.
covers
S
S
%
St. Louis.
318,495,561 262,783,648 +21.2
New Orleans..
71,169,867 65,114,871 + 9.3
Louisville
53,323,458 45,172,314 + 18.0
Houston
52,544,572 55,611,021 —5.5
Galveston
27,371,000 23,733,500 + 15.3
Richmond
31,805,415 27,800,277 + 14.4
Atlanta
40,821,986 30,004,740 + 36.1
Memphis
22,037,648 20,987,348 + 5.0
Fort Worth
27,425,867 26,228,160 + 46
Nashville
15,625,347 14,269,890 + 9.5
Savannah
16,821,384 14,071,989 + 19.5
Norfolk
12,039,079 10,720,167 + 12.3
Birmingham
10,698,269
8,361,738 +27.9
Jacksonville
10,178,101
7,677,270 +32.6
Chattanooga
7,114,475
5,991,695 + 18.7
Knoxville
6,788,679
5,910,507 + 14.9
Augusta
7,093,658
6,763,265 + 4.9
Little Rock
7,159,448
6,499,890 + 10.2
Charleston
6,463,484
5,333,688 +21.2
Mobile
6,392,710
5,708,672 + 12.0
Oklahoma
9,792,004
6,551,530 +49.5
Macon
3,589,131
2,980,330 --20.4
Beaumont....
2,300,000
2,413,619 —4.7
Austin
6,585,177
3,301,161 + 99.5
Columbia
3,432,528
3,092,339 + 11.0
Wilm’ton.N.C.
2,375,403
1,483,502 + 60.1
Columbus, Ga.
1,350,000
1,302,872 + 3.6
Guthrie
1,485,985
1,164,318 +27.6
Vicksburg
1,073,300
1,006,299 + 6.7
Valdosta
565,359
452,612 -f 25.0
Jackson
1,800,986
1,300,700 +38.5
Meridian *
1,593,336
953,133 + 67.2
.
.
...
...
.
•
_
_
..
_.
....
..
.
.
..
.
Tot. Southern. 785,719,885
*
*
Clearings, Total
Month.
All.
1910.
1909.
$
S
Clearings Outside New York.
%
%
1,548,4*04,604 1,371,555,181 + 12.9
424,228,634
352,666,827 +20.3
301,485,070
281,152,237 + 7.2
273,354,557
288,033,355 —5.1
141,106,000
137,819,500 + 2.4
166,968,507
141,330,288 + 18.1
230,704,371
118,797,939 + 94.2
137,409,314
114,245,416 + 20.3
142,310,248
136,376,972 + 4.3
84,348,310
80,019,763 + 5.4
88,631,455
77,818,253 + 13.9
61,086,490
55,254,845 + 10.6
53,942,207
42,652,451 +26.5
52,227,539
37,803,767 + 38.2
36,912,015
31,666,628 + 16.5
35,466,362
32,472,429 + 9.2
42,615,839
37,609,243 + 13.3
36,844,181
34,250,621 + 7.6
37,147,688
29,716,073 + 25.0
31,674,018
28,696.815 + 10.4
48,944,288
31,356,694 + 56.1
21,927,123
16,983,791 + 29.1
13,566,789
12,570,245 + 7.9
34,822,463
14,762,896 + 13.6
18,515,350
15,577,762 + 18.9
11,518,188
7,617,143 + 51.2
7,758,121
7,516,448 +3.2
7,736,959
6,240,439 +24.0
6,794,524
7,179,250 —5.4
3,578,571
2,968,779 + 20.6
10,526,640
8,780,926 + 18.7
6,727,734
8,309,695
Not Included In totals; comparison
Incomplete.
Week
1910.
$
St. Louis.
New Orleans
Louisville
Houston
Galveston
Richmond
Atlanta
...
...
Memphis
Fort Worth
Nashville
Savannah
Norfolk
.......
Birmingham
Jacksonville
.
.
Chattanooga
Knoxville
Augusta
Little Rock
Charleston.
Mobile
Oklahoma
Macon
Beaumont
Austin
Columbia
.
_.
.
.
.
..
...
.
71,307,658
15,884,808
12,777,694
12,025,384
5,357,500
6,892,967
7,596,866
4,990,259
5,627,502
3,437,714
3,457,799
2,837,001
2,437,532
2,058,681
1,700,000
1,464,394
1,546,504
1,381,000
1,360,752
1,269,163
2,300,000
\ 624,106
534,627
672,690
$
%
60,499,206 + 17.9
13,245,841 + 19.9
10,707,168 + 19.3
13,384,762 —10.2
5,326,500
+0.6
5,982,846 + 15.2
6,731,828 + 12.8
4,585,180
+ 8.8
5,693,754
—1.2
3,355,913 +24+
2,933,643 + 17.9
2,639,181
+ 7.5
1,778,073 +37.1
1,566,275 + 31.4
1,251,508 +35.9
1,362,290
+7.5
1,322,387 + 16.9
1,255,381 +10.0
1,068,844 + 27.3
1,199,763
+ 5.8
1,325,000 + 73.6
596,115
+ 4.7
469,505
+ 1.4
803,548 —16.3
‘
1908.
Guthrie
530,000
350,000
$
$
44,567,294
12,147,923
7,867,319
9
550 470
5,019!500
4,340,160
3.149,276
3,114,005
3,335,000
2,862,174
2,789,467
1,736,163
1,580,737
1,229,347
1,216,947
1,012,848
1,239,415
1,166,158
1,026,311
1,163,582
816,158
439,388
407,125
254,476
54,044,904
16,517,388
10,573,363
in 843
45,267,715,736 37,930,474,111 + 19.3 16,821,315.081 14,671,630,972 + 14.7
April
May
14,011,994,640 13,689,120,791
13,142,912,408 13,003,493,727
_
_
+2.3
+ 1.1
Vicksburg
..
..
+ 51.4
300,000
522,864
188,334
166,923
+ 12.8
279,096
500,000
340,482
252,000
183,593
+ 98.2
+ 85.3
250.000
...
.
5,670,333,468
5,335,942,851
5,166,090,843 + 14.0
4,370,605,760 + 13.4
5,134,934,369 + 16.3
5,074,392,114 + 11.3
4,907,243,635 + 8.7
The course of bank clearings at
leading cities.of the coun¬
try for the month of May and since Jan. 1 in each of the
last four years is shown in the
subjoined statement:
BANK CLEARINGS AT LEADING CITIES.
■May
(000,000s
omitted.)
New York
Chicago
...
Boston
Philadelphia
St. Louis..
Pittsburgh
.
San Francisco
Cincinnati
Baltimore
Kansas City.
Cleveland
New Orleans
.
_
.
Minneapolis
Louisville
Detroit
Milwaukee
Los Angeles
Providence
Omaha
Buffalo
St. Paul
.
.
..
.
.
.
.
.
.
..
_
..
Indianapolis
...
.
Denver
Richmond
—
.. ..
1910.
S
1909.
S
7,807
1,156
8,096
1,146
629
634
318
215
183
100
122
203
82
71
82
53
80
50
69
32
69
41
49
38
40
38
22
48
17
31
663
558
263
183
150
103
121
179
64
65
73
45
67
45
56
32
61
37
35
34
36
28
21
48
15
27
Jan. 1 to
1908.
S
6,670
964
600
493
231
164
130
93
97
142
58
57
78
45
64
39
42
25
48
34
37
28
31
23
17
31
13
19
1907.
$
7.335
1,121
683
643
277
237
189
116
122
137
75
77
103
57
62
46
53
34
48
40
1910.
S
44,595
5,948
3,617
3,245
1.548
1908.
$
1907
$
39,970
5,592
3,514
2,709
1,372
29,305
4,791
41,534
5,182
3,738
3,128
1,339
1,185
986
1,075
931
532
642
1,093
403
424
442
301
380
270
338
171
361
207
40
229
35
33
26
18
41
16
25
190
203
167
137
252
12,279 12,251 10,273 11,654
.
96
138
May 31
1909.
$
'
2,923
2,404
1,232
861
680
509
897
760
558
577
942
328
353
350
281
289
240
267
155
299
182
188
167
186
141
114
207
77
126
600
623
666
368
427
421
490
715
302
342
405
239
277
214
202
134
246
165
192
145
156
120
105
154
290
288
232
277
171
235
184
185
172
164
134
89
107
197
81
126
69
608
728
67,935
4,488
60,841
3,782
47,466
3,166
63,040
3,438
Total all
13,143 13,003 10,881
Outside New York. 5,336
4,907
4,211
12,382
5,047
72,423
27,828
64.623
24,653
50,632
21,327
66,478
24,944
864
751
ptflttjetjmjg ®0mmcrctaI^uflIisli^ms
[From
our own
correspondent.]
London, Saturday, May 28 1910.
The last Settlement of the month
began upon the Stock
Exchange on Tuesday morning and came to an end last
evening. It went off quite smoothly, for the account open
for the rise has not materially increased
during the fortnight.
But the rates charged for carrying over have been
stiff,
while some bankers have been lessening the advances
they
make to the Stock Exchange, which has
inspired a fear
that at the next Settlement it may not be
possible to get all
the accommodation that may be
required, except upon
exceedingly onerous terms. All this is the result of the
confusion into which the finances have been
plunged by the
rejection of the Budget by the House of Lords
.
..
5,892,272,314
4,957,845,197
5,971,198,670
Rok
5,857,000
4,782,449
3,836,959
3,214,723
3,032,058
3,063,970
3,095,703
2,242,869
1,948,292
1,234,031
977,764
1,336,943
1,145,536
1,101,812
1,075,500
1,289,743
1,092,473
573,560
321,525
.
Valdosta
Jackson
Meridian
%
1st qr.
Total
Otheir cities.
1907.
.
Wilmington,N.C.
Columbus, Ga
$
17,141,348,295 14,050,390,538 + 22.0
13,108,985,258 11,258,311,084 + 16.4
15,017,382,183 12,621,772,489 + 19.0
..
Memphis
Inc. or
Dec.
1909.
$
Jan
Feb
Mch..
Seattle
Hartford
Salt Lake City
ending May 28.
1909.
1910.
S
673,783,931 + 16.6 4,112,558,426 3,561,493,006 + 15.4
Clearings at—
the clearings by months
MONTHLY CLEARINGS.
.
•1909.
The
since Jan. 1:
..
page*.
Five Months.
.
April 14,089,639 1,279,487,675 1,256,488,974 19,055,618
1,719,193,800 1,647,943,217
11,918,978 1,055,491,350 1,004,681,480 16,495,230 1,478,017,600
1,410,748,914
May
+ 8.8
Clearings brought forward from first
Clearings at—
1,327,476,419 13,650,595 1.240.583.900 1,175,469,766
lstqr 55,539,454 5,015,693.775 4,971,861,911 43,263,294 3,992.328,175
3,807,954,748
results that followed therefrom.
In
with Wednesday night, the public
and the
the
fortnight ended
deposits, that is to say,
the deposits of the Government, increased
£8,673,000 to
£21,296,000, the highest figure the public deposits have
ever yet attained.
Our usual monthly detailed statement of
It is quite unexampled to have such an
transactions on increase
in so short a time, and it will
the New York Stock
easily be understood
Exchange is appended. The results
for the five months of 1910 and 1909 are
that the transference of so immense a sum in two weeks
given below.
t
from the outside market to the Bank of
England has greatly
reduced the resources of the other banks.
Five Months. 1910.
Five Months, 1909.
Consequently,
Descrip¬
the outside market has had to borrow
tion.
Par Value
largely from the Bank
Actual
Aver.
Par Value
Actual
of England, and where people were venturesome
Aver.
or Quanity.
Value.
Price or Quantity.
enough
Value.
Price
during
the week to pay off loans previously made by the
Stock J Sh’s.
81,548.071
78,814,142
Bank of England they found themselves
\Val. $7,350,672,800 $7,233,032,365 98.4
$7,189,539,575 $6,866,646,879
compelled to go
RR. bonds
295,486,000
285,963,465 96.8 $571,528,400 $545,473,051 95.5 back to that institution very
accommo¬
quickly
for
renewed
95.4
Govt, bonds
$197,000
$210,894 107.1
Total Southern
State bonds
Bank st'ks.
171,101,417
$24,290,700
$705,100
150,037,027
$24,194,046 99.6
$1,532,430 217.3
+ 14.0
113,110.339
$196,700
.
$18,078,200
134,054,769
$201,904 102.7
$18,209,743 100.7
$104,710 255.4
dation.
From all
this, it is feared that the position will grow even
to the :18th of next month, when; the first set of
$7,430,636,287 05.5
Treasury Bills borrowed because of the deficiency of the tax
kax
receipts In the quarter^, en^^jJfSyith March will mature
The volume of transactions ^ share
1$^
properties 00 the appears* that the Gbverrtmeht has no
New York Stock Exchange each month since
legal power to buy >
Jan. 1 ia;1910
Treasury Bills before they ‘mature. It is an extraordinaryand 1909 is indicated in the
followingposition for a great Government to find itself in.. The only
Total. $7,671,351,600 $7,544,933,200
$40,600
98.4 $7,779,383,475
worse
up
.
June 4 1910. j
excuse
THE CHRONICLE
is that such
state of the finances
a
The following shows the imports of cereal produce into
the United Kingdom during the season to date, compared
with previous seasons:
occurred
never
before,
and never was anticipated. Consequently, no
provision has been made for it. The result is the revival of
apprehension throughout the City. Up to Monday evening
there was a very hopeful feeling and quotations rose in almost
every department.
Since then, there has been a shrinking
of business with some decline in quotations.
Up to the
present the fall has been trifling, for everybody looks forward
to exceedingly active and prosperous times as soon as the
financial position becomes normal.
But if the banks find
it necessary to call in many loans nobody can foresee what
may happen.
In Pans there
was
also up to
Monday evening
a very
IMPORTS.
Thirty-eight weeks.
The
suspended.
is
same
Oats
Peas..
Beans
Indiancorn
Flour
1907-08.
69,494,100
17,498,900
8,827,200
1,224,110
842,840
29,157,100
10,919,900
1906-07.
62,872,104
17,060,434
7,651,610
1,351,990
369,330
35,808,894
10,138,187
1907-08.
69,494,100
10,919,900
28,490,176
1906-07.
62,872,104
10,138,187
21,557,675
96,576,998 108,910,176
42s. 8d.
33s. 8d.
34s. 2d.
33s. 3d.
94,567,966
28s. 4d.
26s. 6d.
1908-09.
63,621,500
17,444,000
10,081,500
1,147,710
987,750
24,984,000
8,724,000
September 1):
opti¬
9.7568—The
1909-10.
Wheat imported
cwt
Imports of flour
Sales of home-grown
less true of all the great
more or
1909-10.
..cwt. 72,374,940
18,364,300
14,084,600
1,799,892
1,886,661
26,354,958
8,613,651
Imports of wheat-..
Barley
mistic feeling.
But the state of things in London has ex¬
cited apprehension, and business in Paris has become almost
Continental markets.
1467
23,096,194
Total
The market for gilt-edged securities,
1908-09.
63,621,500
8,724,000
24,231,498
72,374,940
8,613,651
104,084,785
31s. lOd.
33s. Od.
Average price wheat, week
Average price, season
they are called here, was specially improving up to Mon¬
The following shows the quantities of wheat, flour and
day evening. It naturally is the first to feel the effects of
maize afoat to the United Kingdom:
a stiffer money market, and, comparatively speaking, the
This week.
Last week.
1909.
1908.
fall in quotations, though not serious, is most marked there.
Wheat
-qrs.
4,060,000
4,245,000
3,315,000
2,835,000
Activity in the rubber market has been stopped, and the oil Flour, equal to
.-.qrs.
130,000
120,000
125,000
150,000
qrs.
390,000
345,000
1,110,000
765,000
market has participated in the slackening. The price of the Maize
material—rubber—has also declined, which, of course, has
checked business in the share market.
British railway
English Financial Markets—Per Gable.
stocks were advancing materially at the beginning of the
The daily closing quotations for securities, &c., at London,
week, for the railway traffic returns are excellent and the as reported by cable, have been as follows the past week:
improvement in trade is proceeding very rapidly. There
London,
has not been much decline in railway quotations.
Week ending June 3.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
But the
d. 24 11-16 24 11-16 24%
24%
24%
24 11-16
advance has been checked, and in some cases there has been a Silver, peroz
Consols, new, 2% per cents.. 82%
82%
82%
c81%
81%
819-16
recession in prices.
82 13-16c82%
For account
82 11-16
In the American department quotations
82%
8113-16
Rentes
French
(in
Paris),fr.
98.77%
98.70
98.72%
98.97%
99.02%
99.05
here are higher than the New York parity, for there is a very
Amalgamated Copper Co.-- 71%
72%
72%
70%
69%
69%
hopeful feeling regarding the outlook in the United States. 6 Anaconda Mining Co
8%
8%
8%
8%
8%
112
112%
112
105%
106%
107%
But London always follows more or less the lead of New York. Atch. Topeka & Santa Fe
Preferred
104%
104
104
104
104
The India Council offered for tender on Wednesday 40 lacs Baltimore & Ohio
117
117%
117%
115%
114%
114%
Preferred
92%
of its bills, and the applications exceeded 397 lacs, at prices
92%
92%
92%
Canadian Pacific
202%
202%
202%
199%
200
201%
ranging from Is. 3 29-32d. to Is. 3 31-32d. per rupee. Appli¬ Chesapeake & Ohio
87%
86%
88%
88%
86%
cants for bills at Is. 3 29-32d. and for telegraphic transfers Chicago Great Western
28%
28%
27%
28
26%
Mllw. & St. Paul-.142%
142%
137
133
133%
at Is. 3 15-16d. were allotted about 5% of the amounts ap¬ Chicago
Denver & Rio Grande
41%
41%
41%
39
39,
Preferred
82%
82
82
80%
81%
plied for, and above in full.
Erie
29%
29%
29
27
27%
27%
The following returns show the position o the Bank of
First preferred
47%
47%
46
46
45%
Second preferred
37
36
30
38
36
England, the Bank rate of discount, the price of consols,
Illinois Central......139
139
137
136%
137%
<fcc., compared with the last four years:
Louisville A Nashville151%
151%
152
146
146%
147%
as
1910.
1909.
1908.
1907.
1906.
May 25.
May 26.
May 27.
May 29.
May 30.
£
£
Circulation
Public deposits
Other deposits
Govemm't securities
Other securities
28,121,155
21,296,373
37,785,261
13,919,432
33,905,079
Reserve,notes Acoln 28,998,359
CoinAbull.,both dep 38,669,514
Prop, reserve to 11abllities.
Bank rate
£
29,374,080
14,517,721
42,332,435
15,368,812
32,012,347
27,219,292
38,143,372
£
£
28,462,715
10,426,983
42,811,397
14,574,906
28,826,407
27,661,784
37,674,499
Missouri Kansas & Texas... 42%
Preferred
Nat. RR. of Mex., 1st pref
Second preferred
N. Y. Central A Hud. River. 123
N. Y. Ontario & Western.-. 48%
Norfolk A Western
104%
Preferred
92
Northern Pacific
28.822,670
10,689,604
42,352,232
15,321,022
30,741.025
24,864,440
35,237,110
28,945,645
10,047,867
42,678,571
15,977,281
31,483,251
23,176,677
33,672,322
a
a
52
46 13-16
47%
43%
4
4
2%
*2%
82
7-16
87
3-16
84
7-16
89
11-16
Consols, 2%
85%
24 ll-16d.
Silver
24 7-16d.
31 l-16d.
31d.
24%d.
Cear.-house returns 237,790,000 216,051.000 191.928,000 214.953.000 201,975,000
*
49
p. c.
p. c
p.c
4
Rock Island
Southern Pacific
Southern Railway
Preferred
Union Pacific
Preferred..
U. S. Steel Corporation
Preferred
Wabash
Preferred
Extended 4k.
May 28 1908.
The rates for money
have been
May 27.
Bank of England rate.
Open Market rate—
Bank bills—60 days
—3 months
—4 months..-.
—6 months
Trade bills—3 months
—4 months
Interest allowed for deposits—
3 9-16
3 7-16
%@ 3 9-16
3%
3
5-16@3%
3%@4
3%@4
4
4
At call
7 to 14 days
May 6.
4
3%@3%
3%@3%
3%@
May 13.
4
3%
3
follows:
May 20.
4
By joint-stock banks
By discount houses:
Messrs.
as
4
3%@3%
3%@3%
3 5-16@3% 3 5-16@3%
3%@3 5-16
3%
3%@3%
3%@3 3-16
3%@4
3%@4
3%@4
3%@4
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
Pixley & Abell write
as
a
reported
follows:
as
GOLD; V
MAVZO. May 18. |
J SILVER.
May 26 .
London Standard..
s.,d.
s. d.
| London Standard.
d.
Bar gold, fine, oz—...’77 9
77 9 IB'arMlver.Tlne, o*
24%
U. S7g61dcoln. oz-^-- 76 .5
76 5 1 "
oz.24 13-16
■German gold eoin.oz.. 76 5 , 76 5
|Cake silver, pa,.
>r2fi 11-16
French gold coin, oz.. 76 5
76 5 | Mexican dollars...nom.
Vttn>f'4feHvery;
Japanese yen..
76 4
76
4
|
;
*
;
•
May 13.
uifant —
.
24 13-16
24 13^16
26%
nom.
46%
96%
81%
120
20%
45%
96%
81%
120
20%
44
188%
187%
180%
97%
97
80%
120%
20%
45%
72
—.
c
46%
50%
42%
124%
27
62%
45
129%
27%
64%
85 7-16 84%
121%
121
21%
21
47
21
79 %
46%
50%
42%
123%
27
63
180%
44%
129%
97
85%
,...121
80
46%
51%
42%
122%
26%
63
-
73
71
80
182
70
Ex-dividend.
NATIONAL BANKS ORGANIZED.
LIQUIDATION.
2,966—The Puget Sound National Bank of Seattle, Wash., May 14 1910.
782—The Marine National Bank of Bath, Me., April 27 1910.
6,177—The First National Bank of Tlmpson, Tex., May 20 1910.
I
.
are
188%
46%
104
92%
130%
67%
First National Bank of Mabton, Wash.
Capital, $25,000.
A. L. Arneson, Vlce-Pres.; J. D. Farmer,
Cashier; H. E. Davenport, Asst. Cashier.
(Conversion of Citizens'
State Bank, Mabton, Wash.)
Yards
National
Bank,
Union
Stock Yards, Kan.
Union Stock
(Post Office, Wichita, Kan.)
Capital, $50,000.
C. H. Brooks,
Pres.; Geo. Thels Jr., Vlce-Pres.; F. T. Ransom, Cashier; John D.
McCluer, Asst. Cashier.
First National Bapk of Conrad, Mont.
Capital, $25,000.
F. P. Sheldon, Pres.; W. E. Arnot, Cashier.
CHANGE OF CORPORATE TITLE OF NTAIONAL BANK.
4,338—The Lavaca County National Bank of Hallettsvllle, Tex., to “First
National Bank of Hallettsvllle,” to take effect May 22 1910.
should be greatly Increased and the future prospects of this market improved thereby.
For the moment business in China Is extremely quiet and operations here are con¬
fined to a few purchases and sales closing up old transactions.
Exchange has not.
(alien so much as silver, but Is still 1%% below parity.
To-day the prices are 24 %d.
for spot and 24 13-16d. for forward, and the market closes steady with buyers un¬
satisfied. -Stocks in India amount to 6,200 bars and by the end of this week will be
just over £1,000,000. The price in India Is Rs. 63% per 100 tolahs. Arrivals—
New York, £200,000.
Shipments—Bombany, £5,000; Colombo, £2,500; total,
in-
129%
27%
64%
68%
83
46%
52%
45%
104
92%
131%
67%
C. B. Alexander, Pres.;
Whether the Government is willing and able to give effect to this edict
.<7/
83%
66%
28
118%
O&sliicr
Shipments—Bombay, £176,625: Colombo, £9,000; total, £185,625.
quotations for bullion
83% I
67
28%
118
»
May 20 to May 23.
Capital, $50,000.
American National Bank of Noblcsvllle, Ind.
W. E. Longley, Pres.; J. W. Smith, Vlce-Pres.; Geo. S. Christian,
remains to be seen, but should it bring about this reform and establish a uniform
currency throughout the Empire, In place of the chaotic local system of weights of
silver which now do duty for currency, the absorption of silver In that country
The
135
68%
41%
69%
67
28%
119%
46%
103%
92% ;
130
67%
Currency, Treasury Department:
follows under date of
SILVER.—The market has again been a quiet one and has fluctuated between
24 ll-16d- and 24 13-16d., with forward on most days quoted l-16d. over cash.
The buying has come mainly from one quarter and the attention paid to it has per¬
haps obscured the true position of the market, which is dependent not only on the
Indian buying of to-day and on the prospects of to-morrow, which are based on
favorable views as to the future of the crops In India, but also on the fact that silver
under 25d. is still at a low level and that there are numerous buyers who are In need
of silver and are awaiting a suitable opportunity to come into the market.
On the
24th' Inst, news was received that the Chinese Government had published an edict
establishing a sllver-dollar currency, with subsidiary coins as well, throughout the
£7,500.
70
68
29
123
48%
106
92%
122%
69
&£ sterling.
41
71
National Banks.—The following information regarding
national banks is from the office of the Comptroller of the
GOLD.—The arrivals In the open market this week only amounted to £495,000,
and of this India took £178,000, Russia about £180,000 and the Bank of England
secured the balance.
The Paris cheque at one time was as high as 25.32, but this
has not produced much gold from that quarter.
So far £409,000 has come, £59,000
in Napoleons and £350,000 In bars, and, In addition, £300,000 are now on their way
from Germany.
Since our last the Bank has received, In addition to the gold from
Paris, £320,000 in bars and £16,000 from Australia In sovereigns, while £200,000
has been withdrawn for South Africa, £204,000 for Constantinople. £101,000 for
Brasil and £75,000 has been set aside for the Straits Settlements notes and gold re¬
serve.
Next week we expect £1,005,000 from South Africa.
Arrivals—South Af¬
rica, £458,000: West Africa, £15,000; New Zealand, £12,000: Brazil. £10,000: total,
Empire.
Price per share.
-
41%
©oramcrciul atid Ipiscellaticotts Urns
May 26:
£495,000.
Pennsylvania
Reading Co
a first preferred
a Second preferred
43
72
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
JJy Messrs. Adrian H. Muller & Son:
Bonds.
Stocks.
330 Union Gas Lt. A Fuel Co. of
$2,000 Hudson Cos. 6% conv. notes,
Oct. 1911, A. AO
100 A int.
Anderson, Ind., pref..$300 lot
100 Tintlc Co., $3 ea,ch
$100 lot $6,000 Hotel Brunswick bonds, Oct.
1895 coupons attached
3 Northern Bank of N. Y-..100
$5 lot
$25,000 Colum. A Hock. Coal A l.
100,000 Red Mtn. RR., Mining 4b .
Co. coll, trust 6s, 1956
37j. ;
Smelt. Go., com., $1 each.$50 lot
;
.
I.* (JFldelity-PbenixFireIna.Co295
■'
i
r
*8
■ni-~J
.
■■■ -TTV
TS*
DIVIDENDS.
Tb4 following shows all thf# dividends announced for the
future'
large or important corporations:
Dividends announced this week are printed in italics.
U*
1468
THE CHRONICLE
Name of Company
Per
Cent.
.
Railroads (Steam).
Alabama Great Southern, ordinary
Preferred
Albany <fc Susquehanna, guaranteed
Atlantic Coast Line Company (quar.)-.
Atlantic Coast Line RR., com
Boston A Albany (quar.)..
-
Boston & Lowell
Boston & Maine, common (quar.)
Chesapeake & Ohio (quar.)
Chestnut Hill (quar.)
Chicago & North Western,
.
2
3
June
Aug.
4X
2X
July
3
July
2X
June
4
July
July
2
July
2X
2X
2X
IX
2X
IX
June
3
IX
4
27 Holders of rec. May31a
29 Hoders of rec
July23a
1 June 16
to
June 30
10 June
June 9
1
to
11 June 23
to
July 11
30 Holders of rec. May31a
2 May 23
to
May 28
1 Holders of rec. June la
30 Holders of rec. June 10a
4 May 21
to
June 3
1 Holders of rec. June 3a
1 Holders of rec. June 3a
20 Holders of rec. May28a
15 June 25
to
July 5
1 June 16
to
July
4
10 Holders of rec. May31a
1 Holders of rec. June24a
17 Holders of rec. May 31
4 May 21
to
June 3
25 Holders of rec. June 15
1 June 16
to
June 30
1 Holders of warr’tNo.15
l Holders of rec. June 4a
15 Holders of rec. May 31
June
June
June
_
_
Books Closed.
Days Inclusive.
IX
IX
IX
3X
common....
Preferred (quar.)
Delaware & Hudson Company (quar.)...
Denver & Rio Orande, preferred
Detroit*Mackinac, preferred
E ie dk Pittsburgh
(quar.)
Interborough Rapid Transit (quar.)
Norfolk & Western, common (quar.)
Phila. Germantown & Norristown
(quar.)
Pitts.Youngs & Ash., com.* pref. (qu.)
Rensselaer & Saratoga, guaranteed
Southern Pacific, com. (quar.) (No.
15)..
Union Pacific, common (quar.)
Wisconsin Central, preferred
When
Payable.
July
July
July
June
July
June
June
June
IX
2X
July
July
July
2
June
Street and Electric Railways.
Brooklyn Union Elevated, common
Chippetca Valley Ry.,L. <& P., pf. (quar.)
Continental Passenger Ry., Philadelphia..
Duluth-Superior Tract., com. (quar.)
Preferred (quar.)
Indianapolis Street Ry
Massachusetts Electric Cos., preferred...
Mohawk Valley Company
New York State Rys., common (No.
1)..
Preferred (quar.)
Norfolk Railway & Light
Northern Ohio Traction & Light
(quar.).
Portland(Ore.)Ry.L.&P.,pf.(qu.)
(N
South Side Elevated, Chicago.
IX
June
IX
July
5
June
June
June
IX
$3
1
1
3
2
IX
IX
IX
__
2
X
IX
X
IX
IX
Preferred (quar.)
Union
Traction, Philadelphia
Virginia Ry. dk Power, preferred
3
IX
Banks.
Mercantile National (quar.)..
Reserve, National.
IX
3
Trust Companies.
Guaranty (quar.)
8
5
Mechanics of New Jersey (quar.)
IX
IX
IX
IX
.
Preferred (quar.)
AmericanCan, preferred (quar.)
Amer. Car dk Fdry., com.
(quar.) (No. 31)
Preferred (quar.) (No. 45)
American Chicle, common (monthly)
American Express.
X
IX
1
$3
2
Auer. Pipe & Construction
(quar.)
American Radiator, common (quar.)
Amer. Smelt, dk Refg., com.
(qu.) (No. 26)
Preferred (quar.) (No. 44).
American Snuff, common
Common (extra)
Preferred (quar )
Amer. Sugar Ref., com. &
pref. (quar.)..
American Tobacco, pref. (quar.)
Barden's Condensed Milk, pref. (quar.)..
Brooklyn Union Gas (quar.) (No. 37)
2
1
lx
5
2
IX
IX
IX
IX
IX
Calumet dk Hecla Mining
(quar.)
Celluloid Company (quar.)
Central Leather, preferred
June
June
July
June
July
July
July
July
$7
July
June
June
July
July
July
June
July
July
June
July
July
July
July
July
July
July
June
July
June
July
July
City & Suburban Homes
2
June
June
June
June
June
June
IX
1
Crex Carpet-
2H
3 X
IX
Cuban-Amerlcan Sugar, preferred...
Diamond Match (quar.)
Preferred (quar.)
;
du Pont Intemat. Powder,
pref. (quar.).
Eastman Kodak, common
(quar.)
Common (extra;
•_
Preferred (quar.)
Equitable Ilium. Gas L., Phila., pref
Federal Mining & Smelt., pref.
(quar.)...
General Chemical, preferred
(quar.)
General Electric (quar.).
Guggenheim Exploration (quar.)
Intemat. Harvester, com.
(qu.) (No. 2).
International Nickel, common
(extra))
International Silver, preferred
(quar.)..,
Extra
July
2
June
June
IX
IX
2X
2X
IX
July
July
July
July
July
3
June
June
IX
IX
2
2X
1
25
IX
July
July
July
July
July
July
July
July
X
Laclede Gas Light, com. (quar.)
IX June
Preferred
2X June
Mackay Cos., com. (quar.) (No. 20).
IX July
Preferred (quar.) (No. 26)
1
July
Michigan State Telephone, pref. (quar.)..
IX Aug.
Muskogee Gas dk Electric, pref. (quar.)
June
IX
National Biscuit, com. (quar.) (No.
47)..
IX July
Nat. Enamel, dk Stpg., pf.
(qu.) (No. 46)
IX June
National Lead, common
(quar.)
IX July
Preferred (quar.)...
IX June
Nevada Consolidated Copper (quar.)
37.Xc. June
New England Telep. &
Telegraph (quar.
IX June
Niagara Falls Power
July
Niles-Bement-Pond, com. (quar.)
IX June
North American Company
(quar.)
IX• July
Oklahoma Gas & Electric, common
(qu.)
June
Philadelphia Electric (quar.)
IX June
Quaker Oats, common (quar.)
I
2
July
Common (extra)......
X July
Preferred (quar.)
IX Aug.
Quincy Mining (quar.)
$1.25 June
Railway Steel-Spring, pref. (quar.)
IX June
Realty Associates (No. 15)
3
July
Republic Iron & Steel, pref. (qu.)
(No.34)
IX
July
Rubber Goods Mfg.,pref.
(quar.) (No. 45).
IX June
Safety Car Heating & Lighting (quar.)
2
July
San Diego Cons’d Gas dk
Elec., com. (quar.)
IX June
Sears, Roebuck dk Co., pref. (quar.)
IX July
South Porto Rico Sugar
Co., com. (quar')..
1
July
Preferred (quar.)
I
2
July
Standard Oil (quar.)
$9
June
Subway Realty Co. (quar.)
IX July
Swift dk Co. (quar.) (No. 95)
IX July
Underwood Typewriter, pref.
(quar.)...
IX July
United Bank Note Corp.,
pref. (quar.)..
'IX July
U S. Steel Corp., com.
(quar.) (No 26).
June
Utah Copper (quar.) (No. 8)
'75c. June
Woman’s Hotel Co. (quar.)
(No. 6)
June
'•m
Yukon Gold (quar.) (No. 4)
June
_
...
_
.
...
a
Transfer books not closed
d Correction
to
July
4
30 Holders of rec. June30a
1 June 29
to
July
1
2
2
Consolidated Gas of New York (quar.)..
1
1
1 June 19
June
Ghlcago Telephone (quar.)
Childs Company, common (quar.)
Preferred (quar.)
6
15
1
30
1
1 June 24
to
1
July
1 Holders of rec. June 15
IX
IX
(quar.)
1
June
1
to
June 2
Holders of rec. June 9a
Holders of rec. May 31
Holders of rec. May31a
Holders of rec. May 31
Holders of rec. June 15a
Holders of rec. June 15a
June 21
to
June 30
Holders of rec. June 4a
Holders of rec. JunelSa
Holders of rec. JunelSa
Holders of rec. Junel5a
May 25
to
June 2
Holders of rec. June la
Holders of rec. Junella
June 19
to
June 30
Holders of rec. Junella
Holders of rec. Junel7a
July
July
July
Miscellaneous.
Amer. Beet Sugar, pref.
(quar.) (No. 44)
Amer. Brake Shoe dk
Fdy., com. (quar.)..
July
July
July
July
July
July
July
15
1
10
1
30
1
1
1
1
1
1
1 Holders of rec. June 22
30 June 17
to
June 30
30 June 17
to
June 30
1 Holders of rec. June 16a
1 Holders of rec. JunelOa
1 Holders of rec. JunelOa
20 June 15
to
June 20
1 Holders of rec. May31a
1 Holders of rec. June 15
30 June 23
to
June 30
15 June 25
to
June 28
1 June 11
to
June 19
1 Holders of rec. June 15
1 Holders of rec. June 15
1 Holders of rec. June 15
2 Holders of rec. June la
1 Holders of rec. June 15
15 June
5
to
June 15
1 June 12
to
June 30
28 Holders of rec. June
4
1 Holders of rec. June 15a
1 Holders of rec. June 10
30 June 28
to
June 30
10 June
5
to
June 10
10 June
5
to
June 10
4 Holders of rec. June
4
15 Holders of rec. May 18a
15 Holders of rec. May 31
1 Holders of rec. June20a
15 Holders of rec. Mav31a
15 Holders of rec. June
4
25 Holders of rec July 15
1 Holders of rec. June20a
1 Holders of rec. May 31
1 Holders of rec. May 31
1 Holders of rec. May 31
15 Holders of rec. June
8
15 Holders of rec. May 27
1 Holders of rec. June 20a
15
1
15
15
Holders of rec June 4a
June 18
to
July 1
Holders of rec. June 25a
Holders of rec. June 6
1 June 18
to
July
1
1 June 18
to
July
1
1 Holders of rec. June2Qa
15 June 2
to
June 15
15 June 2
to
June 15
1 Holders of rec. Junella
1 Holders of rec. Junella
1 July 17
to
Aug. 2
10 Holders of rec. May 31
15 Holders of rec. June28a
30 June 11
to
June 30
1 June 11
to
June 14
15 May 21
to
May 24
30 June 11
to
June 19
30 Holders of rec. June 15
25 Holders of rec. July 15
20 June 12
to
June 20
1 Holdersof rec. June 15a
15 June Id
to » June 10
15 Holders of rec. May25a
15 Holders of rec. July la
15 Holders of rec. July la
31 Holders of rec. Aug. la
20 May 22
to
June 1
20 June 8
to
June 20
15 Holders of rec. July
5
1 Holders of rec. Junel7a
15 Holders of rec. June 10
1 Holders of rec. JunelOa
15 June
1
to
June 10
1 Holders of rec. Junel5a
1 June 21
to
July 1
1 June 21
to
July
1
15 Holders of rec. May20a
1 Holders of rec. June 24
5 Holders of rec. June 11
1 Holders of rec. June 20a
1 June 16
to
July
1
29 June 10
to
June 29
30 June 18
to
JqhG 21
15 Holders of rec. June
8
30 June 16
to
June 30
lxxxx.
Statement of New York City Clearing-House Banks.—The
detailed statement below shows the condition of the
New
York Clearing-House banks for the week
ending
May
28.
The figures for the
separate banks are the averages of the
daily results. In the case of the totals, the actual figures
at the end of the week are also
given:
For definitions and rules under which the various
items are
made up, see “Chronicle,” V.
85, p. 836.
We omit two ciphers (00) In all
Banks.
00s omitted.
Bank of N. Y_.
Manhattan Co.
Merchants’....
Mech. A Metals
America
Phenlx
City
Chemical
Merchants’ Ex.
Gallatin..
Butch. A Drov.
American Railways (quar.)
Brooklyn Rapid Transit (quar.)
[Yol.
Greenwich
Mercantile
Pacific
Chatham
2,000,0
2,050,0
2,000,0
6,000,0
1,500,0
1,000,0
25,000,0
3,000,0
T__
Metropolitan
Corn Exchange
Imp. A Traders’
..
Park
East River..i.
Fourth
Second
First
Irving Exch...
Bowery
N. Y. County..
German-Amer.
Chase
Fifth Avenue..
German Exch..
Germania
Lincoln
Garfield.. .1...
Fifth
Metropolis
West Side
Seaboard
Liberty
N Y. Prod. Ex.
State
14th Street....
Coal & Iron....
3.494,1
4,222,0
1,770,6
7,796,6
5,931,1
713,0
30,897,3
6,295,2
566,0
2,507,0
157,7
813,4
5,366,2
16,381,0
2,627,2
905.5
1,050,7
468,7
11,581,1
1,600,9
502,9
1,692,5
1,444,6
5.395,3
7,539,5
10,290,4
108,4
5,614,5
1,998,6
20,302,4
1,619,1
823,1
1,643,7
673,9
7,606,8
2,207,4
600,0
1,000,0
300,0
500,0
5,000,0
25,000,0
3.000,0
500.0
450,0
200,0
......
Hanover
Citizens’ Cent..
Nassau
Market A Fult.
Surplus.
Loans.
Average.
....
American Exch.
Commerce
People’s
Capital.
3,000,0
2,550,0
500,0
1,000,0
2,000,0
3,000,0
1,500,0
3,000,0
250,0
5,000,0
1,000,0
10,000,0
2,000,0
250,0
500,0
750,0
5,000,0
100,0
200,0
200,0
1,000,0
1,000,0
250,0
1,000,0
200,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
911,9
1,021,8
1,472,6
1,178,2
489,9
2,067,6
1,057,4
1,900,2
2,705,9
762,2
830,5
325,2
349,6
1,000,0
28,650,0
18,325,0
52,155,6
23,309,1
7,230,0
167,826,7
27,814,5
6,656,3
8,096,0
2,456,9
7,704,3
29,109,9
7,024,2
8,688,9
11,692,7
40,574,0
25,349,0
76,564,0
1,413,1
23,300,0
13,355,0
93,457,2
22,211,0
3,504,0
8,023,9
4.079,7
67,588,3
12,808,9
3,875,3
5,013,3
14,336,7
8,217,7
3,515,9
11,814,6
4,497,0
17,308,0
17,976,2
7,989,0
14,589,0
5,677,7
5.809,0
Specie.
Legals.
Average. Average.
Deposits.
ReAverage. s’ve.
3,343,0
6,600,0
3,305,0
11,850,8
3,907,2
1,351,0
48,996,4
4,118,6
1,490,2
1,162,8
617,8
1,969,3
4,396,3
22,130,7
1,398,3
750,7
890,4
609.5
10,198,9
5,063,3
587,4
1,257,8
2,785,9
9,152,0
3,391,0
20,410,0
437,5
3,406,0
3,156,0
20,420,4
5,215,9
844,0
1,380,0
804,3
17,782,4
2,560,2
470,6
16,191,0
32,050,0
18,110,0
50.577.6
22.681.7
6.191,0
169,430,5
25.693.7
6.693.5
6,270,9
$
18,814,0
141,948,3
13,386,3
4,064,7
7.112,4
1,862,5
60,669,9
21,768,3
cases.
953,3
3,250,1
2,060,8
620,2
772,2
1,042,0
3,898,0
3,789,3
2,269,7
4,183,0
1,115,6
996,0
833,0
1,685,0
1,267,0
1,144,5
1,772,2
260,0
5,560,0
2,632,5
176,1
514,3
%
25.7
25.8
25.2
25.6
25.0
26.6
32.2
26.4
24.8
26.9
60,4
195,4
2,471,0.27.4
1,386,9
7,941,5
1,088,1
453,2
1,027,2
23.354,5,24.9
117.855,5'25 6
133.8
8,017,0
320,5
1,298,6
1,064,3
246,4
5,539,0
2,528,0
1,651,0
96,7
1,766,0
210,0
1,861,0
1,068,0
59,0
689,9
220,5
4,025,6
1,109,7
565,3
544,5
647,8
193,5
318,6
2,371,6
220,0
1,385,0
1,304,5
306,0
298,0
698,6
460,0
2.362.4 31.4
68.225.3 26.7
21,095,7 25.6
7.800.8 24.1
8,665,8 25.0
9.920.5 25.0
4,005,7 30.0
7.521.9 25.5
8,525,7
11,718,6
50,059,0
22,819,0
84,840,0
1.697.1
20,287,0
13,240,0
81,152,0
27.2
25.8
29.3
25.9
26.0
31.4
25.4
25.4
27.4
24,081,4 260
3,704,0 24.4
8.164.4 25.8
3.946.5 25.9
75.904.4 28.7
14.425.1 25.4
4,096,8 25.2
5.840.2 25.6
15,209,0 25.6
8.350.9 26.9
3.713.1 25.3
11.989.2
5,047,0
19,685,0
18.803.5
26.2
25.0
26.8
27.0
9.642.9 26.7
17,902,0 25.0
6.800.2 26- 6
5,753,0 25.3
Totals, average 130,350,0 185,325,6 1189,214,0 253,161,8 69,215,7
1184,566,0 27.2
Actual figures
Hay 28..
1195,179,9 252,712,4 68,539,6 1189,336,4 27.0
.
On the
basis of averages, circulation amounted to
$47,826,100 and United States
deposits (included in deposits) to $1,649,000; actual figures May
28, circulation,
$48,044,700; United States deposits, $1,662,200.
The State
Banking Department also
now
furnishes
weekly
returns of the State banks and trust
companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the
figures are compiled so as to
distinguish between the results for
New York) and those for the rest
following:
New York
of the
City (Greater
State, as per the
For definitions and rules under which the various
items
made up, see “Chronicle,” V.
86, p. 316.
are
STATE BANKS AND TRUST COMPANIES
Week ended
State Banks
Trust Cos.
State Banks
Trust Cot.
in
in
outside of
outside of
Greater N. Y. Greater N. Y. Greater N. Y. Greater
N. Y.
May 28.
$
$
$
Capital
as of March 25
26,225,000
64,625,000
Surplus
as of March 25...
38,980,900
174,728,300
$
9,033,000
8.375,000
10,866,851
13,077,768
92,736,400
+ 707,200
138,272,800
336,723,900 1.126.684,800
+ 53,800
+ 5,285,300
94,936,800
—415,300
142,565,400
—272,600
on deposits
Change from last week.
93,716,500
+2,182,700
139,949,700
+ 1,131,000
17,868,400
17,483,900
—481,900
—510,700
P. C. reserve to deposits..
Percentage last week..
28.3%
15.6%
15.6%
19.4%
19.9%
Loans and Investments..
Change from last week.
291,246,000 1,083,952,300
—1,281,600
—397,700
Specie
Change from last week.
47,880,100
+ 769,100
121,143,300
+ 1,153,500
Legal-tenders & bk. notes
Change from last week.
26,347,000
+ 462,400
13,330,000
+ 115,000
Deposits
Change from last week.
Reserve
27.7%
+ Increase over last week.
1
+ 359,900
12.7%
13.1%
Decrease from last week.
Note.—'’Surplus” includes
all
undivided profits.
"Reserve on deposits'* in¬
cludes, for both trust companies and State banks, not only
cash Items, but amount*
due from reserve agents.
Trust companies in New York State are
required by
law to keep a reserve proportionate to their
deposits,
tbe ratio varying according
to location as shown below.
The percentage of reserve required is
computed on
the aggregate of deposits, exclusive of
moneys held in trust and not payable within
thirty days, and also exclsulve of time deposits not payable within 30
days, repre¬
sented by certificates, and also exclusive of
deposits secured by bonds of the Statsof New York.
The State banks are likewise required to
keep a reserve
according to location, but in this case the reserve is computed on the whole varylngamount
of deposits, exclusive of deposits secured
by bonds of the State of New York.
Reserve Required for Trust Companies
and State Banks.
Location—
.
....
„
—Trust Cos.—
Total
Reserve
which Reserve
which
Required inCssh.Required, in Ca*h
Manhattan Borough
15%
Brooklyn borough(without branches In Mahhat.). 15 %
Other Boroughs (without branches In Manhattan). 15%
Any Borough with branches in Manhattan..,
15%
-----;
Elsewhere In State
—state BanksTotal
Of
Of
10%
15%
10%
10%
15%
5%
,
25%
15%
20%
15%
25%
15%
10% ‘
?H%>
15%
6%
;
June 4
THE CHRONICLE
1910.j
1469
We omit aoo cinders (00) in all these flgtkes.
The
Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House.
These figures are shown in the table below, as are
-also the results ^ooth actual and average) for the ClearingHouse banks.
In addition, we have combined each corre¬
sponding item in the two statements, thus affording an aggre¬
gate for the whole of the banks and trust companies in the
Greater New York.
NEW
YORK
Week ended May
CITY
Clear .-House
Banks.
28.
AND
BANKS
ActualFigures
Clear.-House Stale Banks &
Trust Cos. not
Banks.
in C.-H. Aver.
Average.
Total of all
BanksA Trust
Cos. Average.
205,250,000
368,670,300
$
•‘Capital ]Nat. banks]
!
March 2
|
Surplus IState Banks)
J March 25. J
Loans and investments
130,350,000
130,350,000
185,325,600;
185,325,600
183,344,700
l,195,179,90o!
Change from last week
+
5,464,000|
Deposits
1,189,336,400; 1,184,566,000 al,138,450,900 2,323,016,900
+ 11,019,900
+1,282,700 + 12,302,600
+ 5,772,200
Change from last week
252,712,400
+ 1,175,400
Legal-tenders
Change from last week
68,539,600,
—1,028,000!
69,215,700
+ 737,100
205,142.0
203,004,0
202,225,0
7-.
May 14
56,315,0
56,315,0
259,648,0
257,452,0
Mav 21.
56,315,0
255,333.0
255,130,0
Aggr’te money holdings
Change from last week
321,252,000 l
+ 147,400
322,377,500
+ 5,167,000
Cl49.548.900
+ 1,654,300
471,926,400
+ 6,821,300
22,038,000
+472.500
22,038,000
+ 472,500
493,964,400
+ 7,293,800
Money on deposit with
other bks. & trust cos.
Change from last week
$
4,841,0
5,032,0
5,212,0
5,324,0
21,520,0
22,118,0
22,327,0
21,540,0
Clearings.
*
176,041,1
148,370,8
145,907.9
141,320,7
$
250,166,0
241,559,0
240,766.0
238,129,0
7.267,0
7,402,0
7,399,0
7,541,0
299,751,0
300,240,0
300,662.0
299,748,0
16,302,0
16,331,0
16,307,0
16,324,0
Phlla.
May
..
-
56,315,0
a
66,617,0
67,218,0
69,019,0
70,338,0
173,763,3
157,007,8
145,045,3
136,828,7
Including Government deposits and the item “due to other banks.”
$3,041,000
Government d<p>3lts amounted to
on
At Boston
May 28, against $3,029,000 on
May 21.
Imports and Exports for the Week.—The following are
the imports at New York for
also totals since the beginning of
the week ending May 28;
the first week in January^
FOREIGN IMPORTS AT NEW YORK.
1910.
For Week.
Dry Goods.
General Merchandise.
Total
1908.
1909.
1907.
’■
$2,234,267
14,451,451
$2,882,465
13,312,238
$1,562,109
8,961,018
$2,837,792
$16,685,718
$16,194,703
$10,523,127
$15,861,779
$67,923,911
329,017,241
$71,745,729
285,487,048
$50,302,184
201.024,978
$79,276,243
13,023,987
Since Jan. 1.
Dry Goods
91,079,100
+ 1,414,700
209,876,0
40,300,0
.
+ 5,676,600
521,863,400
+407,600
Circu¬
lation.
Deposits, a
$
S
$
t
40.300.0
40,300,0
40,300,0
380,847,300
127,685,500
+ 1,246,700
253,161,800
+ 4,429,900
Specie
Change from last week
-
Boston.
May 7..
May 14
May 21„
May 28..
1,176,467,400 2,365,681,400
4 5,624,000
—440,000
1,189,214,000
+ 6,064,000
Legale.
Specie
Loans.
and
Surplus.
May 28-.
TRUST COMPANIES.
74,900,000
Capital
Banks.
-
General Merchandise
297,731,690
$396,941,182 $357,232,777 $251,327,162 $377,007,933
Total 21 weeks
i
...
.
•
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 28 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
Change from last week
321,252.000
+ 147,400
322,377,500
+ 5,167,000
171,586,900
+2,126,800
Percentage to deposits
requiring reserve-...
Percentage last week..
27.04%
27.16%
27.25%
27.08%
17.7%
16.9%
Total
reserve
>
April 2-.
April 9..
April 16..
April 23..
April 30-.
May
May
May
May
7
..
14..
21-.
28..
Tot. Money Entire Res.
%
$
2.427,633,6
2.419,123,5
2.401,027,7
2,397,364,7
2,407,365,4
2,376.276,9
2,359,492,5
2,360,057,4
2.365.681,4
2,388,538,1
2,369,347,3
2,348,100,6
2,342,696,4
2,347,272,9
2,315,746,9
2,303,523,4
2,310 714,3
2,323,016,9
Legale.
Specie.
S
382,307,5
373.442.8
375.067,7
376,142,6
364,670,3
366,020.4
368.555,7
375,170.7
380.847,3
Holdings.
$
on
.'$
$
469,549.7
460.568.5
462,485.0
464,388,4
454,975,1
453,469,5
456,790.3
465,105.t
471,926,4
87.242,2
87,125,7
87,417,3
88,245,8
90,304,8
87,449,1
88,234,6
89.934,4
91,079,1
Deposit.
494.252,7
485.728,8
486,051,5
487,869,8
478,197,1
476.169,5
478,676.3
486.670.6
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 1910, and for the corresponding periods in
1909 and 1908:
EXPORTS AND IMPORTS
Week.
Germany
1 Tender
Legal
Disc’ts
Banks.
Capi¬
Sur¬
and
tal.
plus.
Invest¬
Specie.
1
ments.
and
Bank
Notes.
ing
Agent.
S
259,6
154,3
334,3
447,5
168,0
510,2
307,7
353,4
433,2
109,0
936,4
445,7
257,5
149,8
319.1
200,0
400,0
300,0
Fidelity
200,0
..Jefferson—
500,0
Morris.
Mt.
250,0
Mutual
200,0
Plaza
100,0
23d Ward..
200,0
Un.Ex.Nat. 1,000,0
Yorkville
100,0
200,0
New Nether
Bat. Pk Nat.
200,0
Aetna Nat.
300,0
Century
Colonial
Columbia
-.
...
..
.
.
Mfrs.’ Nat.
Mechanics’.
Nassau Nat
Nat. City..
North Side.
First Nat..
.
Net
Other
Banks. Deposits.
Ac.
%
$
1,384,0
1,453,0
6,010,6
6,627,0
1,035,1
3,407,5
2,790,3
134,0
27,1
831.1
617,0
113,9
21,9
525,3
33,5
317,0
150,9
1,317,9
43,7
265,0
195,8
380,2
3,805,9
4,029,0
1,859,6
8,705,1
4,230,3
2,468,0
1,232,7
2,013,4
%
75,0
222,3
422,7
580,0
66,5
521,3
27,8
612,6
381,0
47,9
900,0
732,8
89,0
%
199,0
76,6
567,0
689,0
98,7
342,1
408,3
475,4
648,0
204,5
315,7
323,3
331,0
$
17,0
263,1
184,3
174,1
81,0
5,3
_____
255,5
•20,0
33,7
44,8
86,6
26,3
387,8
205,7
575,2
259,9 1,327,1
295,0
567,0
104,0
513,0
128,6
111,2
78,0
313,0
268,2
692,0
1,270,4
1,032,0
404,0
270,8
384,0
99,7
128,5
235,8
46,4
-
-
_
29,6
200,0
252,0
1,000,0
750,0
300,0
200,0
300,0
542,4
3,381,2
807,3 5,772,7
887,9 11,346,8
985,0 7,150,0
604,0 3,951,0
1,851,2
140,6
691,3 3,312,0
West Indies
Mexico
South
•$19,800 $43,928,663
53,979,312
6,397,000 38,053,291
$43,618
124,034
227,237
$5,386,234
5,053,660
10,327,175
..
.
-
-.
..
.
$752,090 $15,881,187
$527
$13,344
990
860
46,300
—
First Nat..
Hud.Co.Nat
Third Nat..
Hoboken.
First Nat._
Second Nat.
1,249,2
740,3
389,7
4,992,1
2,943,4
1,964,6
310,6
131,4
54,2
337,9
63,7
117,5
2,101,9
214,6
479,9
189,0
121,4
19,8
6,259,2
2,375,6
2,293,2
220,0
125,0
630,5
243,9
3,005,5
2,645,3
121,6
99,9
56,3
86,1
122,2
80,8
101,1
212,6
! 2,889,4
Boston and
12,997,8! 103367,3
12,997,8
(103504,3
100
24,165
3,250
257
$799,590 $17,331,477
693,525 19.207,647
482,705 16,540,884
$14,798
80,434
48,088
$1,544,360
2,042,072
1,292,967
-
12il64
—
•---
INVESTMENT
•
•".in#???'-.-.
financial.
SECURITIES
sound
eight-page circular No. 687 describes several Issues of
Investment bonds yielding about 4H to 5H%.
Our
Spencer Trask & Co.
43 EXCHANQE PLACE.
NEW YORK
Branch offices: Chicago, 111.. Boston. Mass.. Albany. N.
t
Y.
CO.
WHITE, WELD &
Members New York Stock Exchange
THE ROOKERY.
CHICAGO
5 NASSAU STREET.,
NEW YORK
BANKING and EXCHANGE of every description
EXPORTS &
2,686,7
Philadelphia Banks.—Below is a summary of
Clearii^|||$$B banks of Boston arid
weekly totals pf the
Philadelphia. ;.r,t
the
824
7,655
32,272
470,151
498,021
122,093
the above imports for the week in 1910, $2,690
American gold coin and $860 American silver coin.
Of the exports
during the same time, $200 were
American gold coin and $200 were American silver coin.
In connection with
IMPORTS
International Banking Corporation
<0 wan St.. New York.
CAPITAL & SURPLUS. tS.SM.000
BRANCHES and AGENCIES throughout the WORLD.
7,666,0 8,338,3 12,130,8 2,427.0 115117,9
7,467,1 8,638,7 12,304,2 2,398,3 115924,8
7,406,0 8,699,4 13,169,3 2,541.6 116681.1
12,997,8! 103268,2
544,807
900
200
-
Total 1910
Total 1909
Total 1908
%
1,386,0
1,754,8
7,388,0
7,360,0
1,080,8
3,731,2
3,618,3
4,430,3
4,831,0
2,062,3
8,(99,3
5,383,9
2,759,0
1,202,6
1,838,1
400,0
250,0
200,0
8,447,0
8,447,0
8,447,0
1,111,716
958,150
422,845
41,880
America
3,586,9
6,218,0
14,222,1
7,093,0
152,0 4,687,0
101,2 2,199,2
38,0 2,985,0
Jersey City.
Tot. May 28
Tot. May 21
Tot. May 14
8,469,321
41,900
19,600
Germany
Borough of
Brooklyn.
Broadway
189
288.665
67,652
4,455
3,262,987
--
Total 1910
Total 1909
Total 1908-.-*Sllve:.
Great Britain..
France
$8,528
3,364,677
87
$200
-
-
$
$33
3,314
1,546
27.758
10,880
..
atnl
$
100,0
$
Of
N. Y. City
Boroughs of
Man. A Brx.
Wash. H’ts
$
Since Jan. 1
were
Deposit with
Clear¬
Week.
$32,150,000
West Indies.
Mexico
South America
All other countries
Reports of Clearing Non-Member Banks.—The following is
•
Imports.
Since Jan. 1
$
Great Britain
France
the statement of condition of the clearing non-member banks
ior the week ending May 28, based on average daily results:
We omit two ciphers (00) in all these figures.
SPECIE AT NEW YORK.
Exports.
-.
493,964,4
OF’*
Gold.
All other countries
Loans,
$6,161,338
254,195.649
$264,269,003 $257,680,820 $282,009,211 $261,356,987
Total 21 weeks
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN ‘
GREATER NEW YORK.
We omit two ciphers in all these figures.
Deposits.
$11,835,640
270,173,571
4
The averages of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing House compare
as follows for a series of weeks past:
Loans and
Investments.
1907.
1908.
$11,952,054
245,728,766
$11,520,743
252,748,260
For the week
Previously reported
+ Increase over last week.
— Decrease from list week.
a These are the deposits after eliminating the Item “Due from reserve depositories
and other banks and trust companies In New York City”: with this Item included,
deposits amounted to $1,239,888,009, an increase of $5,387,409 over last week.
In
the case of the Clearing-House banks, the deposits are “net” both for the average
and the actual figures,
b Includes bank notes, c Of this amount State banks held
$15,075,600 and trust companies $134,473,309.
Week
Ended.
1909.
1910.
26,236,&00
23,917,900|
Surplus reserve.
.
)y
THE INTERNATIONAL BANK
OfktnUad under the Laws of N. VvState.
•
f
••
n
mi;i
-
Accounts invited.
60 Wall St., New York.
Interest paid on Term Deposits,
THOMAS H. HUBBARD. President.
,
1470
THE CHRONICLE
Itanluet** (Saxctte*
Wall
Street, Friday Night, June 3 1910.
The Money Market and Financial Situation.—As is now
well known, business interests and values, in Wall Street as
well as elsewhere, received a severe blow on
Tuesday of this
week by the action of the
Attorney-General at
in causing an injunction to issue
[YoTj.
LXXXX.
Charleston buying par, selling 1-10
premium. New Orleans
commercial 25c. per $1,000 discount, bank 90c.
per $1,000
premium. St. Louis 10c. per $1,000 premium. St. Paul
75c. per $1,000
premium. Montreal 15)4°. per $1,000
premium.
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $11,000
Virginia 6s deferred trust re¬
ceipts at 40 to 44.
The market for
railway and industrial bonds has been de¬
cidedly more active, without the urgent liquidation which
has been a characteristic of the shares market.
Prices are
Washington
preventing, for a time at
least, the advance in freight rates which many of the Western
railroads had given notice they would put into effect on
generally lower, in many cases only fractionally, the con¬
June 1.
The immediate effect of this
proceeding upon se¬ vertible issues
naturally showing the largest losses.
curity values is noted somewhat in detail below. Other re¬
Only a few issues have been notably active, including
sults are suggested by reports that orders for
railway equip¬ Atchison, Rock Island, Norfolk & Western, Union
Pacific,
ment have been canceled or
suspended and that some of Southern Pacific and Wabash. Among the bonds which
the larger systems are reducing the number of
have declined 2 points or more are
operatives.
Atchison, Brooklyn Rapid
At the same time crop reports continue
favorable, the Transit, Norfolk & Western, Union Pacific and Wabash, all
latest in regard to cotton showing a
On the other hand»
very promising condition except the last named convertible.
on the largest
Reading 4s close with a fractional net gain and other issues
acreage in our history.
In consequence of have
been relatively strong.
these reports, cotton and wheat continue to decline and ex¬
port figures make a better showing.
United States Bonds.—Sales of Government bonds at the
Rather unexpectedly, the Bank of England reduced its Board include $11,000 4s
reg. at 11434 to 114)4, $6,000 3s
official discount rate from 4 to 3)4%, and
the local money coup, at 10234 and $5,500 2s coup, at 100)4- The follow¬
market is responding to the easier financial condition abroad. ing are the
daily closing quotations; for yearly range see
The supply of foreign exchange
in this market is made up in third page following.
part of bills drawn against cotton shipments and against
sales of securities, including,
Interest
it is reported, railway shares,
May
May
June
May
June
June
Periods
which at the low prices to which
28
30
31
1
2
3
they have fallen this week
are being purchased for
2s, 1930
registered Q—Jan
foreign account.
*100% *100% *100% *100%
2s, 1930
The open market rates for call loans at the Stock
coupon
*100% *100% *100% 100%
Exchange 3s, 1908-18.__ .registered
Q—Feb
*102
*102
*102
*102
during the week on stock and bond collaterals have ranged 3s, 1908-18
coupon Q—Feb HOLI- HOLI- 102 % *102
*102
*102
from 2
4s, 1925
to 3)£%.
-registered
DAY
Q—Feb
DAY
114% *114% *114% 114%
To-day’s rates on call were 2)^ @3%. 4s, 1925
coupon
Q—Feb
*114% *114% *114% *114%
Commercial paper quoted at 4
@5% for 60 to 90-day 2s, 1936.Panama Canal regis Q—Feb
*100% *100% *100% *100%
endorsements, 4 %@5% for prime 4 to 6 months’ single 2s, 1938.Panama Canal regis Q—Nov
*100% *100% *100% *100%
names and 5@534% for
good single names.
This is the price bid at the morning board: no sale was made.
The Bank of England
weekly statement on Thursday
showed an increase in bullion of
Railroad and Miscellaneous Stocks.—In the stock market
£1,773,775 and the percent¬
age of reserve to liabilities was 50.72, against 49.06 last week. prices declined
precipitately on announcement of the judicial,
The rate of discount was reduced on June 2 from
4%, as action noted above and in many cases a new low record for
fixed March 17, to 33^%.
The Bank of France shows a de¬ the year has been established. This occurred.
to-day.
crease of 25,700,000 francs
gold and an increase of 550,000 Wednesday’s market was very weak on urgent liquidation.
francs silver.
Thursday there was sufficient good buying to cause a slight
NEW YORK CITY CLEARING HOUSE BANKS.
reaction from the low prices of the
previous day, but renewed
selling
under
pressure to-day caused a further downward
1910.
1909.
1908.
movement, with the above result.
Averages for
Differences
Averages for Averages for
Union Pacific, ex-dividend to-day, closes
week ending
week ending
from.
week ending
1434 points
May 28.
previous week.
May 29.
lower than last week.
May 29.
St. Paul is nearly 13 points
lower,.
$
$
Reading
11)4, Southern Pacific 834, Northern Pacific 8)4,
$
*
Capital
130,350,000
126,350,000
Atchison 7, New York Central 6)4, Consolidated Gas
124,350,000
Surplus
10,
185,325,600
172,318,000
162,068,700
Loans and discounts
General Electric 8)4 and Steel common
1,189,214,000 Inc. 6,064,000 1,331,846,000 1,215,118,500
6)4 points lower
Circulation
47,826,100 Inc.
than at the close last week.
145,500
49,100,600
57.150.400
To-day’s transactions, amount¬
Net deposits
1,184,566,000 Inc. 11,019,900 1,398,160,300 1,285,788,800
U. S. dep. (lncl. above)
ing to 1,466,000 shares, have been exceeded only twice this
1,649,000 Inc.
7,300
2,417,400
19,857,590
Specie
253,161,800 Inc. 4,429,900
296,857,100 298,729,800
year, but seem small when compared with the record, which is
Legal tenders..
69,215,700 Inc.
737,100
77,668,200
70.627.400
nearly 3,300,000 shares, in April 1901.
Reserve held
322.377.500 Inc. 5,167.000 374,525,300
For daily volume of business see page 1480.
369.357.200
25% of deposits..
296.141.500 Inc. 2,754,975
349,540,075 321.447.200
The following sales have occurred this week of shares not
Surplus reserve
26,236,000 Inc. 2,412,025
24,985,225
represented in our detailed list on the pages which follow:
47,910,000
..
..
...
'
.
*
.
..
_
_
.
7
v
Surplus, excl. U. S. dep
26,648,250 Inc.
Note.—The Clearing House
>
now
Issues
2,413,850
25,589,575
52,874,375
statement weekly showing the actual
condition of the banks on Saturday
morning as well as the above averages. These
figures, together with the returns of separate banks, also the summary Issued by
the
State Banking Department, giving the condition of
State banks and trust companies
not reporting to the
Clearing House, appear on the second page preceding.
a
Foreign Exchange.—Foreign exchange
out the entire week, closing almost
% of
than last week.
was weak through¬
one per cent lower
To-day’s (Friday’s) nominal rates for sterling exchange
4 84)^ for
sixty day and 4 87 for sight. To-day’s
actual rates for sterling
exchange were 4 83 ^@4 84 for
sixty days, 4 8665 @4 8690 for checks and 4 87i0@ 4
8734
were
for
cables.
Commercial on banks 4 83
@4 83 )£ and
documents for payment 4 84@4 84)£. Cotton for
payment
4 83@4 8334 and grain for
payment 4 84@4 8434.
To-day’s (Friday’s) actual rates for Paris bankers francs
were 521)4 less
5-64@5 2134 less 1-32 for long and 5 18)4
plus 1-32@5 18)4 less 1-32 for short. Germany bankers’
marks were 94 y2 @94)4 for
long and 95 1-16 less 1-32 @
95 1-16 plus 1-32 for short.
Amsterdam bankers’ guilders
were 4034 less
l-32@4034 plus 1?32 for short.
Exchange at Paris on London, 25f. 2634c.; week’s range,
25f. 2834c. high and 25f. 26c.
low.;
Exchange at Berlin on London 20m. 49pf.; week’s range,
20m. 50)4pf- high and 20m.
The range of foreign
49pf. low.
exchange for the week follows:
Sterling Actual—
High for the week
Sixty Days.
4 8425
Low for the week...
4 8370
Paris Bankers’ Francs—
High for the week
5 20 less 1-16
Low for the week.
5 20%
Germany Bankers’ Marks—
High for the week.:
94 %
Low for the week.
94 9-16
: Amsterdam Bankers’ Guilders— ‘
High for the week
40% less 1-16
Low for the week....;
40% less 1-16
..
Cheques.
4 8735
4 8660
Cables.
4 8700
4 8715
5 18% less 1-16
5 18% less 1-32
5 18 %
5 18%
STOCKS.
Week ending June 3.
Sales
Week.
Associated Oil
Batopllas Mining
Buff Roch & Pitts, pref.
Colorado Fuel & I, pref.
General Chemical, pref..
Homestake Mining
Lackawanna Steel
Nevada Consol Copper..
Ontario Silver Mlning...
Pere Marquette, 1st pref
Sears, Roebuck & Co...
West Md rects, 4th paid.
Range for Week.
Range since Jan. 1.
for
Lowest.
300 52%
200 $2%
100 125
700 112%
170 101%
350 85%
250 45
8,600 $18%
900
2%
250 50
300 153%
100 46%
Highest.
Lowest.
June 2 52% June 1
June 1 $2% June 1
June 3 125
June 3 114%
June 3 102%
June 2 86
May 31 45
Highest.
52% June 52% June
$2% June $3 % Jan
Jan
April 133
June 3 125
May 31 110
Feb 116
June 1 101% June 107
June
1
81
Jan
89
Jan
Mch
Feb
May 31 44
May 45
May
June 3 $20% May 31 $18% June $21% May
June 3
2
2% June 3
May
3% Feb
June 1 53
June 1 50
June 62% Feb
June 3 155% June 2 153% June 166% April
May 31 46% May 31 45
Feb 54% Mch
Outside Market.—Weakness was the principal
the market for outside securities for the
period
feature of
ending to¬
night, and, though business was dull, the great majority of
issues suffered losses.
The depression was attributed to the
unsettled conditions on the Exchange.
British Columbia
Copper lost half a point to 534- Butte Coalition dropped
from 2034 to 18 and ends the week at the low
figure. Chino
Copper sank from 12)4 to 11 and closed to-day at 1134Gila Copper moved down from 6)4 to 534 and Giroux from.
7)4 to 6)4- Greene-Cananea fell from 8)4 to 7)4 then rose
to 834, the final quotation to-day being 8.
Miami ran down,
from 22)4 to 20)4, recovered to 2134 and
to-day dropped to
20.
Ohio Copper, after an early advance from 2 11-16 to
2 13-16, declined to 234United Copper common lost over
a point to 5, but recovered to 6.
Goldfield Consolidated
,
went down from 8 11-16 to 8 7-16.
Kerr Lake declined from;
9 1-16 to 8 5-16,
La Rose Consolidated fluctuated between
434 and 4)4, the close to-day being at 4)4. Nipissing
dropped from 11)4 to 16 11-16, but recovered finally to 11)495 3-16
Among industrials American Tobacco gained about 3 points
95%
to 436 early in the week, weakened to 425 and moved
up to
40 3-16 plus 1-32
432.
Transactions were reported to-day:tat 429.
40 3-16 less 1-32
Inter¬
continental Rubber sank.from 22)4 to 2034Standard Oil
The following are the quotations for domestic
exchange
moy^d
down, from 630 tcj'621. WestemS Pacific 5% bonds
at .the under-mentioned
eki£s at- the close of the:; week: sold,.down from 94
to-day’s business carrying the
Chicago 5c. per $1,000 discount. Boston 5c. per a $1,000. price to 94)4, with th#fctos^94.
* * asra-rf** ••
discount and par. San Francisco 50c.
per $1,000 premium.
Outside quotations will be found on page 1480.
95 %
95 1-16 less 1-32
.
...
..
.
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
STOCK '—HIGHEST
Saturday
May 28.
Monday
May 30.
AND
LOWEST
Wednesday
May 31
June 1
*28
*65
36
72
*28*65
106% 109%
10H2 101%
120
121%
11233 1141
90% 90%
7S% 80%
196*4 19734
*64% 71
270
v
V
*5312
*14
*27
2718
*45
35
132
62
*93
21
*39
*75
K
t*
Q
67 ~
J
*16%
a
*48
*64
145
*134
*32
*62
139
151
►H
Q
Pi
y
0Q
w
J
c
o
.
*8812
3934
<
69
69
*130
*65
27
n
M
„
*90
*90
101
101
78
*53
14
*25
26
w
*_
44*8
*101
*88
1277s
*111
*90
*111
875s
*67
46
3112
*60"
18
56
67
16
*45
63
59
78
78
*45
63
55
63
*30
*60
138% 137
149
*146
8910
88
35
6812
68
64
110
92
156
147
64
2612 27
11412 11634
61
*100
*85
61
110
90
156
10134
93
*88
125
131
112*2 *109
100 ~ *90
*110
114
116
1625;,
91*2
104
4338
89
69
48
20%
6314
3H4
714
*81 34
91*>
37
4318
4534
*
■
70
*3l2
*10
*5
*50
31*8
”
1578
1267s
112
100
114
12934 1323s
9834 100
*105
153
91
116
68
*66*4 68
26% 27*2
11178 116*2
91
‘
9712
38%
99
4H4
85
63
87
65
43I4
30%
46
31%
73
7434
11834 121%
25% 2534
59% 61
2912 301512
6
116
34
65
2012
45l2
47
7012
412
12
6
54%
....
1834
*3*2
1934
4318
4512
71
412
*8
12
418
49%
438
507g
397g
4412
♦6934
43*4
9812 10034
413s
85*2
63
43*o
63
44*8
31
*73
7334
29*2
73
119*8 121*4
25*2 26
5934 60*4
29*8 30
5*2
6
9*2
11634
25
59
28*8
5*2
*8
28
61
108
*168
92
41*4
44
*69
30
5*-
61
111
175
300
200
23,650
1,200
15,100
937g
13,700
11,800
40,820
4,600
19%
42*s
40
43
43
4434
6934
412
*3*2
4*2
9*2
91-
*8
*4
5
♦49*2
51*2
12
4*4
49%
76*59*-
1334
231-
4*4
60
81
185
G20
52
84
66
Apr 30
J ’ne 3
May 2
J’ne 3
FeD 0
Apr 28
j’ne 3
May 2
25*8 J’nb 3
4134 Feb 7
323g Feb 8
tfrie
•
J’ne 3
J’ne 3
12*2 J ’no 2
881- Jan 20
941- Jan 25
Hocking Valley
102
~ May
86
Do
42
Mch
60*4 Jan
Feb
55% Jan
57% Feo
70
Nov
311- Dec
IV/fanbattan Elevated
8
Do pref
Minn St P & S S Marie.
Do prel
Do leased line ctfs
Mo Kansas & Texas
Do pref
Missouri Pacific
_
J’ne
54*4 Jen
3
2
pref
7434
Feb
Feb
Jan
4
37
fi77o
2534 Jan
5
19*2 Feb
...
Do 2d pref
400
.1.200 Wisconsin Central.;
Feb
4x
Jan
59
70% Apr 14
15934 Jan 5 *121
Jan
Mch 8
Gee
Sep
53^ «J an
4
81
Mob
1321- Jan
Jan
89
8
82?s J’ne
18938 Oct
70*4 Nov
323*? Sep
91%
Dec
7434 Apr
78*- Mch
373g Dec
64-% Dec
165% Sep
1S1
Aug
Aug
Aug
Aug
J'ly
Jan
Jan
Dee
Men
105
68% Jan
May
86
84i2 Jan
200
May
680
Apr
64
Apr
90
Feb
7134 Aug
21
Jan
36*- Jan
39
J’ne
563.J Aug
46
Aug
157% Aug
88*2 Aug
21
103
Dec
Dec
inn
Dec
Mch
9
25% Dec
63% Dec
Apr
36
09
82
Sep
7*io
Auer
A pr
2912 Aug
7iu Dec
162*2 Aug
15312 Jan
Jan
65
I49i2 Jan
164*2 Aug
94 “ Dec
501-
71
65
78% Oot
771* Aug
Feb
Feb
Dec
21
12012 Feb
48*- Mch
May27
10934 Jan 21
162% Aug
35*2 Feb
122*2 Jan
44*2 Apr
6734 May23
29'8 May 6
128
67
Apr
J'ly
147
9234 Jan 3
51*8 Jan 5
74% Jan 5
73% May23
139
•* an
137
61
FM> 24
Mch 3
15612 Mch 2
Apr 28 162
Jan 20 A151
50
May 3
Jan 25 108%
Feb
Mch 14
f 154
Mch 11
ftl47i- Dec
Jan
6
91*4 Mch 16
J’ne 3
145% Jan 3
11834 jan 12
Feb 15
Feb 14
118
J’ne 3
138*2 Mrh 9
104 58 Mch 22
Feb
8
Mr»h If)
Jan
NOV
42% Feb
84% Jan
Mch 21
£
Mi'.h
133% Feb
3
76
Mch
1()0
88
Mch
Mch
126*8 Feb
86*2 Jan
1
If 14
Fph
1791, h>h IX
UK
l?ph
97*2 J’ne 1
1101-Jan
150
116
Mch
9312 Feb 17
38% Jan 2o
Jan 25
J’ne 1
63
41
J’ne 3
24*- Feb 8
81
'{Texas & Pacific..
\I7abash
Sep
18
80
145
Feb 8
J’no 1
J’ne 3
Jan 25
Feb 3
Nov
263,
48
J’ne 3
90*4 May 2
114
Do pref
37,200 ’ ’
4,050 West Maryland Ry
i
Do pref
400
Wheeling it Lake Erie
Do 1st pref
200
143*2 Aus
122% J’ly
96
Apr
Oct
Dec
Dec
142
64
26% May
14734 Aug
69 ’ Nov
823,j Apr ‘?8
2.400
100
' Feb
139
2438 Jan 15
11178 J’ne 3
551- M ay 4
10934 Jan 21
Toledo St L & Western..
Do pref
Twin City Rapid Transit
I fnion Pacific
Do pref
Unit Rys Inv't of San Fr
Do pref
6,900
May 2
Apr 15
May 2
86*2 May 5
Ahird Avenue (N Y)__
Toledo Railways & Light
503,800
4,050
3
145
149
Subscription receipts A.. A145
N Y Ontario & Western.
41%
Norfolk & Western
95
Do adjustment pref
88
Northern Pacific
122*2
ITacific Coast Co
107
■L
Do 1st pref.
Do 2d prel
105
Pennsylvania
129
Pitt-b Cln Chic & St L
95
Do
115S Mch
3584 Mch
G27g Jan 12
36
75
31
Apr
Feb
88
137
147
Jan 5
25*-Jan 11
3
67
65
130
60
28*2 Mch
136% Feb
65% Mch
13*2 NOV
39
Feb
83*8 Feb
4
Jan
38
Jan
Get
Jan
Jan
l673i Feb
Feb
535
37% Jan
79*2 Jan
Jan
56
14% Nov
Feb
28
22% Mch
36*- Mch
May 6
101i8 Apr 15
6514 Mav 5
130*4 Jan
_
Jan
30
132
32
100
51
76i73%
5
J’ne 2
Feb
Mch
.5
126% Oct
106% J’ne
5834 Dec
Feb
158*2 Mch
198* 2
173*8 Feb
208
Men §230
148
Apr
167
§180
31- Dec
7
734 Dec
18%
68
Jan
83%
141
8
17
62
1ghesi
124
5
7
Feb
3
4
99
13014 J’ne 1
1734 J’ne 3
45*8 Feb 8
_
Jan
Jan
Jan
Mch
Mch
215
Jan
6
Jan 3
Mch 21
Jan
3
Jan
3
Jan 27
18%
34%
34%
52%
Nov
Jan
91
67
xl65
1437g Jan 3
80i2Jan 4
lSlg Mch 22
97*2 Apr 14
127
5s
600
....
18*2
♦68*2
*3*2
3434
150 \Jash Cbatt & St Louis.
100 is at Rys of Mex 1st pref
Do 2d pref
5,617
64,860 N Y Central & Hudson..
N
Chic
& St Louis....
Y
3,300
Do 1 st pref
1
Do 2d pref.
200 N Y N H & Hartford....
500
350
19*2
44*2
70*2
16334
560
15534 806,900 Deading
1st pref
100 IX
91
2d pref
100
1,700
41% 65,200 Rock Island Company
Do pref
86*2
4,400
66
300 Ct L & San Fr. 1st pref..
Do 2d pref
5,550 O
44*4
3,400 St Louis Southwestern
30*4
Do pref
2,500
73*2
1215g 246,920 Southern Pacific Co
Southern
v tr cfs stmpd.
26
7,500
Do pref
61
5.800
do
9*4
28*4
33
64
*30
*60
19
2,120
'
116
85
*64
41
75
...
139*2 J’ne 3
147,576
2,200
99*8
*W%
38%
J’ne 3
700 Long Island
9,700 Louisville & Nashville
110
150
*89
3
1
3
10
3
3
71
93
114
132
100
40*4
85*s
*8
25
110
90
153
146
12212 1261-
♦30*4
91-
*8
32
61
45
153*4 155*8
*90 ‘ 91*o
*99
6734
130
*110
129
97
*110
Do 2d preferred
YY el a ware & Hudson...
JL*e*aware Lack & West.
Denver & Rio Grande.
Do pref
Detroit United
Duluth So Shore & Atlan
Do pref
lYLinneapolIs & St Louis
40*8
67*4
130*8 131*8
98
9834
G634 Jan
Apr
36% J an
64*8 Jan
158-% Jan
17214 Jan
69
63*4 Mav 2
I5t4 Apr 2„
51
Mayll
520
38
67
65
130
114
4
7
3
Do pref
340 T ake Erie & Wee tern
JLi
Do pref _
154
*109
*90
7
Jan
Jan
Jan
80
15%
135*2 138*2
*83
Jan
70
312
92
J’no 3
May £
67*-
89*?
93
127
112
108
114
*110
15714
33*2
*875g
*
97% Jan
100*4 Jan
1071- Jan
103*- Feb
3
82% May2l
198% May2£
125*4 J’ne 3
pref
XT C Ft S & M tr cfs. pref
4,030 IVansas City Southern
350
100
88*s
39*8
68
67*2
4434
*88
125
*109
*90
*110
1734
681-
61
*100
*85
152
94
Apr 25
J’ne 3
Feb 8
J’ne 2
69
Apr 1
26*4 J’ne 3
47
Mch
£0
2
10414 Jan 10
137% Jan 5
119*8 Jan 8
65
260
77*8
43*-
Do
pref
4,300 {llinois Central
16,270 J-nterboro-Metropolltan
Do pref
18,970
2,200 Iowa Central
133
35
*146
124*5 Jan
176% Feb 8
Jersey
Mch
tL
72*2 Mch 8
117*- J'ne 3
106
Apr 28
Feb 4
90
68*2 Feb 7
Do
55
*60
Santa Fe
Do 1st pref
4,400 i-i
Do 2d pref
500
28,725 Great Northern pref
Iron Ore properties
5,100
14 Green Bay & W, deb ctfB
500 TJavana Electric
11.
Do pref
*6212 65
139*2 143*2
*132
*30
110
90
154
146
28,775
500
38
75
*45
32
3334
*
64
62
6312 63%
11134 11134 *110l2 112 *110 111*2
1 7834 175*8 176%
179i8 1833s 175
9412 95l8
9312 9412
93*8 94
34
*62
20
100
9934 10078
9914 100%
93
36
112
8,215
2,260
200
100
13134
6134
*64
26*2 27*s
11434 116*8
6U4 6H4
*100
*85
*153
*___. 147
*__._
44
431?
4434
4718
*
267g
45*2
*36
75
154
*65
25*8
4334
35*2
17*2
68*2
138*4
385s
67
1334
241-
130*4 132*2
1734 19*4
48
52*?
142*4 143*2
132
1334
24*o
*93
32*2
§132
371?
*
38
80
55
64
100
79
60
*
1323s
19*4
53
18*4
2,600
77"8
13
96
96
117
36
48*2 Feb 23
101*4 J’uo 3
100*2 J’AO 3
52,700 Chesapeake & Ohio
700 Chicago & Alton HR
Do pref
5,260 Chic Gt Wes, trust ctfs__
Do pref trust ctfs
800
108,410 Chicago M’lw & St Paul
200
3434
127
58
13
&
Feb 26
25
......
f
600
*55
2634
443s
16
78
78
16334 16434
3734
7834
66
2*2
58*4
*540
Arbor
Lowest
tiinhesi
152
J’ne 3
pref
7,100 Chicago <fc Nortn Western 1142*8 J’ne 3 182UJan 3
Do pref
20434 May 19 225 Jan 6
14 0
Chic St P Minn & Omaha
Apr 28 162*2 Feb 23
Do pref
$169 Apr 25 }17014 Feb 18
200 Chic Un Trac ctfs stmpd
5% Jan 4
2*2 May24
Do pref ctfs stmpd
300
6*4 May24
12% Jan 4
77
Jan 20
9214 Mch 18
1,100 Cleve Cln Chic & St L
Do pref
100*2 Feb 4 104 Jan 15
Colorado
&
Southern....
54*2
Feb
8
05% Feb 25
2,080
Do lrt preferred......
83
75
Mch 4
250
Apr 30
10
79
105
*76
39%
3834
68lS *66*2
7H4
6512 69
663s
136
136
§132
132 ♦130
.
70
3034
*614
61
105
nn
Do pref
2.000
3,500 Atlantic Coast Line RR_.
42,100 Oaltimore & Ohio.
Do pref
500 A>
600
210
150
165
*5
79
*100
57
*76
83
§16
134
35
Lowest
....
155
2*2
4
10
*64
132
*32
*62
136
146
*88
8912
4U2
47
*202
*140
*155
97
115
100
31%
136
35
'
2514
148*s rl42*g 146
210
150
165
3212
67"
1612
14012 144l2
139
151
152
1234
9612
17
36
*75
1475s
6812
154
12*2
18*8
513s
38
80
Year (19091
200 Central of New
66
26
48
125*4 130
60*2
115
*93
131
1912
Range lor Frecious
/A
Do pref
114,850 Atch Topeka
.
835g
43*2
26
47*2
131*2
60
*
13014 133l2
18% 195S
5U2 53
78l4
3134 321*
7434 7534
1215s 126
251s
95*- *-...
3334
67 "
80*4
43*2
12934 131*4
97
122
100
Range Since January 1.
On basis of IWJ-shars tors
52,170 Brooklyn Rapid Transit.
21,970 ( Canadian Pacific
Vvanada Southern
71
260
*60
69
35*-
9512
19
*36
*75
13212 134%
100
1003.1
*110
157
*91
*99
41
4334
*33
1234
*119
*93
8334
44
60
15
28
617g
1234
*
5412
2734
1165s 119%
61
663g
*103
*87
36*2
90
*65
260
300
560
78
*55
*13
*25
26
45
3434
12934 132
STOCKS
NEW YORK STOCK
EXCHANGE
A
76*4 78%
192*2 196
165% 168%
560
43U
3412
60
90
783S
195*4
*6434 71
60
14
30
27
72
109*4 112
773g
38
79l8
36
91
194
600
*28
*65
10H4 104*8
100*2 101
117*2 119*2
119
91
Week
Shares.
Railroads
36
72
103*8 105
16512 167
21
40
3312
4*
i
36
72
119*4
110% 111*8
3614
100
5314
O
M
June 3.
1023s 10534
10034 101
118
llfc7s
1091s 112
*560
650
40
81
60
15
30
28
47
35
133*- 13312
19*2 20
Q
n
June 2.
295
87
1347s
62*2
1434 1434
95l2 9512
*
9734
*115
120 '
P
Friday
PAGES
of
Saies
the
Thursday
1 :
*28
*65
77% 7834
1927s 19518
*6434 67
167*8 168%
*560
40
*79
<
TRICES.
270
*270
270
82
82*2
8412
45
45
4512
43*2
69
*__..
69
*_...
2512 27
26*2 28
2534
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54
48
49I4
47l2
128
1363s 139
12914 13512
x 5ot-’4 15534 *151
156
154
150
152
14712 149
147*4
*200
210
*205
210
*203
*145
150
*135
145
*140
*155
*155
165
*155
165
*2*31 *
*212
4
*2*2
7
7
7
7
*6*2
79
80
84180ig *79
*100
*100
*100
110
105
59
60
59-34 60
58%
78
*76
77
77% *76
76
76
75*- 75%
*76
84%
4518
•
SALE
Tuesday
TWO
3
57*4 Jan 3
02*- Apr 9
73
60
Jan
6
Jan 5
34*-Jan 3
771- Jan
3
6934 Feb 7
ll634J’ne 0 *138*4 Jan 4
333, Jan
24
3
May 2
69
75 Jan 3
May 2
£6*2 Feb 7
3634 j an 3
5*- J’ne l
19*-Jan 7
9
Apr 2/
1534 jan 12
25
J ne 2
£4% Jan 4
6i
J’ne 3
72% Jan 4
108 J’ne 3 117*-Jan 3
ti6 i
J’ne 3 20434 Jan
3
y2
j’ne 3
10334 jan 7
33
Jan 26
42i4jan 3
•
Mch
Feb
89
90
20% Feb
57% Feb
65% Mch
36 "Feb
20*2 Feb
47*2 Jan
114% Feb
22 ” Feb
Jan
Feb
60
30
12% Dec
7 * May
Feb
43
6434 Feb
17434 J’ne
A14934 Dec
55% J’ne
” Dec
102
159*2 Aug
116*2 Dec
115
Dec
151% Sep
99% Dec
116% Sep
96
Aug
11712 Dec
81
Dec
491- Jan
153g Jan
54% Oct
74*4 Jan
97 ’Jan
172*2 Feb
" Mch
219
Feb
47
z94
30
‘
9434 Dec
74 ’ Dec
60% Sep
35% Dec
82 ” Dec
13918 Auz
34
Aug
75*2 Dec
40*2 AUV
11611 Dec
" Aug
118% Aug
" Sep
723? .Inn
X
Rill
I8I4 Apr 28
2734 Jan
3
39% Feb 8
,
42*4 May 3
‘681-Apr 12
3
Apr 28
8*4 Apr 26
4*gJ’ne 1
45*2 Feb 4
61
Jan
3
15
41
Feb
Feb
2778 Dec
6IS4 J’ne
5
J'ly
12%. Jan
25% Jan
16% Jan
63% Apr
,
Eflh
54%Mch 12
70*2 May 19
lu
23
Jan
Jan
13*2 Jan
661-Mch
3
3
3
7
15% J’ly
6*2 J'ly
J&Q
f 1
Jfl
BANKS AND TRUST COMPANIES—BROKERS' QUOTATIONS.
-
Banks
B\a
Ask
New York
Aetna
.
America H_.
Amer Exch.
Audubon
..
Battery Pk_
Bowery T]—
Bronx Boro]j
Bronx Nat.
Bryant Pk
if
Butch & Dr
Century D__
Chase
*•
‘
176
620
35
100
120
375
300
190
155
242*105
130
.
14a (
1711
430
180
205
16)
1145
"
175
‘465
Banks
Chatham
Chelsea ExH
Chemical
Citizens' Cti
City
.....
BUI
Ask
325
200
445
335
158
387*-
Coal & Iron 150
Colonial H_. 350
Columbia H. 332
Commerce
t210
Cora Ex 1)__ 322
East River i 115
_
Fidelity 1j._
Fifth Ave*R.
and a-ked'jpF.ces; no saies v
♦ Sale at Stool: Exchange or at
aaa$lp$
iv
Banks
Filth
First
~
Bid
Aik
300
350
925
165
900
14th StH... 150
Fourth
tl85l2 tl87
162*2
Gallatin
320
345
3*5
.
...
455
...
340
Garfield
Germ-Am II
Germ'n ExT)
ti.20
Germania 1j.
165
326
125
176
4500'
Gotham
290
140
485
550
150
QCf l*iw Kiitoiij
h
first, l
665"
Lincoln....
635
576
Ask
Banks
210
175
Mutual 1J
-
■r'it—* —
400
Manhattan^ 320
425
335
255
260
Mark’t&Ful
Mech&Met’s 265
270
Mercantile
Merch Exch
Merchants'
160
170
175
179
400
wassa;
390
.200
250
155
160
265
260
Nassau 1|
New Neth'd
.
TCV
_
Piazan..:^:
ISold at private sale at this tirioC.
■ffio’iq.
\h
.
f?
.
*
’
Bid
Ask
Banks
But
Ask
285
295
Prod Exch U
Reserve
Seaboard
Second
170
180
115
240
210
NewYorkCo 900
New York. 320
N’ht &DayH 225
19th Ward. 275
Northern
tioo
Pacific^.... 230
420
Park*
People’s 61.
270
Phenlx
, 200
625
§ Less th
Uracnt.pdld
A
_
.
Greenwich
255Hanover..* 030,
Imp & Trad SW0C
ts.'
tb^iweek
300
150
Bid
Banks
Irving N Ex 205
JeffersonH..
Liberty.... 625
...
230
..
....
326
300
240
435
280
210
Sherman...
State H
12th Ward.
23d Ward..
Union Exc.
Wash H'ts H
West Side
|
YorkviUe fl.
105
390
400
135
275
140
180
275
650
500
idend and rignts. t> New stock.
z 2d paid;
vSd paid.
290
140
193
New York Stock
1473
STOCKS—HIGHEST AND LOWEST
Saturday
May 28
Monday
May 30
Tuesday
May 31
*250
....
91?
9*2
33
36
*93
914
71
59*2
115*2
62*2
70*4
47
36*4
93*4
95*
72*8
6012
115*2
63*4
107
250
*101
t250
6l2
Friday
June 1
June 2
June 3
250
*9
250
32
32
65*8
68%
35*4
93
93
9
69
56*2
*244*2 270
36*?
35
34*4
23*4
12%
3434
12%
3434
48*4
45
46
24
14*4
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32*8
114
61%
23*2
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34%
4434
110
6
36%
33*2
24
23
13%
12%
345?
45-%
32
40*?
310
101
53*2
12034
122
135*2
*95
34
995g
41*2
277g
*....
*146
*11
*30
37*8
*108
987g
40*4
99-->g
43
28
27
*
57
149
*145
12
10
301c
30
395»
109
36*4
6*8
<
Q
+250
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52
541r
tll9
122%
122
*118
1361g 134
97
95*8
33
34l?
3712
6*4
310
*285
102*? 100
53%
137*4 142*2
15*8 1534
771o 78*4
iJ
o
w
95*8
◄
«
1
993£
co
36*8 377g
106*4 108
35
36*?
§5*4
534
19
O
►J
o
12*8
*51
w
85
103*2
87*2
a
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15
*75
*57
17*2
21*-
*85
75
95
77*?
*19*2
73
26
*32
144*2
106*8 108*4
*96
100
1934
*65
1934
17*2
11%
*98
38*£
100
*160*2 162 §161
*3*8
4
*3*8
5*<
*434
*434
38
39l2 39*2
*100
33
105
100
3078
96*2
7034
331?
*97*2
71*2
98*?
72*4
26
90
*8
*60
107
26*i
*115
61
107
106*4 1 087g
23
73
110
7312
*5*4
*18
40
112
*76
731?
6*'
827s
*15
*60
5175
68
62l2
4
100
97
5*4
17%
T/%
11*4
11%
50
50
44%
45%
45%
19*2
82
100
85
105
♦121
19
*85
72
82
102%
86*2
910
105
125
1,000
68
19*2
95
70*?
67*2
2334
25
32
103%
*9434
96
19*?
17%
*63
68
36
96
61
33
96
96
5160% 161%
*3
4
*434
37%
5*2
*99
31
100*4
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434
38*4
30
100
28
94
105
96%
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25*2
•-*88
7%
*59
*105
31%
96%
72
6834
26
95
25
*88
8
63
*59
108
*105
§8
69%
24%
2,025
300
6,660
73
110
73
*70
*100
72*8
*5%
6*4
25
39
111
76
*18
+100
72*8
6*4
*71%
5*2
25
39
77
*18
37*2
107
*76
77
78*2
79%
11534 116%
43% 44%
58% 59%
45
59>£
125
69%
38*2
110% 110%
7934
117*4
123
60
20
70
170
67
62
73
110
*120
*
*15
*60
*165
67
60
*114
125
60
20
70
175
67
61
130
75*2
115
401?
57%
*122
+...
*15
*60
*165
66
59
111
Pac*
lie Mail
acitic
Telep
Apr 1«
«2U
Jau
1938
Do pref
450
503 Pullman Company.
4
May
2
40i? J’ne
104% J’ne
512 Mar
3
3
3
10i
121
19
4%
37%
100
2,700
100
300
31%
96%
70*2
4.900
2,100
2,300
26
95
8
63
108
2,410
85*2 May 13
67*2 J’ne
23% J’no 3
_
32
tl
33
96
30
100
28
94
Do pref
76
Sloss-Sheffield
Steel & Ir
Do pref
_
o
J’no z
,
J’no
J’ne
3
2
J’ne
J’ne
J’no
J’ne
Jan 19
dTennesseeOopper Hari2f> $25
Apr 29
83
States
Feb
Express..
U S Realty & Improvem't
U S Reduction & Refining
Feb 28
143% Feb 2
9o% Mch i
o
o
1641? Jan
18% Jan
33
Jan
i
«-
4
Jan
o
92% Jan
4
36c. Jan
IU
8
100% Jan
2314 Jan
t>6% Jan
3
c
3
62*2 Feb 25
3634 jau lo
Mch 6|
88
Jan 3
16078 Jan t
112% jan 6
1257- Jan 10
129
Jan 4
'7% Jan
243gjan
16
Jan
02
uiO
199*4
Jan
7*8 Jiy
5
3
18*4 J'iy
912 Mch
61*2Jan 3
54% Jan 7
903j Jan 1/
116*2 Jan 10
91% Jan 6
78*4 Jan 10
115
125
8t)
Feb
iou% Feb
91
Men
6
Jan 5
Jan 17
28*2jan 3
96i2Jan 18
89*8 Jan 4
H0i2 Jan 17
95i2 Jan 3
47*4
Mch
33>» Feb
82i2 Jan
J’iue
104
Jan
70
;69D Jan
96*2 Jan
11812 u$n
12*8 Feb
82
J^n
.71*4 Feb
40234 Apr
Feb
Jan
3
80
72
43*4
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116*8
106%
27%
Jan
Jan
Jan
Jan
Jan
4
4
3
8
2yi8
•4514
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yyi2
Feb
Nov
1
85
Jan
3
Id
40
Apr
Feb
5178 Jan
107i2 Jan
3
30i2 Fisb
84
i
Jan Jll
20J
37« Apr
73
122
1*8
Jan 17
Jan
3
H378 Jan
32
84
4
16*8 F^b
84i4Jan
11
4734 J’ne
69*4 Ad?
Aug
J22
lli2 J’ne
Sep
92*8 Aug
10512 Nov
116*4 Aug
59
Nov
May
66*s Nov
136*s Sep
131
Apr
145*8 Sep
May
104
40*2 Aug
107*4 J'ne
554*8 Dec
36*4 Sep
69)2 Sep
1041? Dec
19) 2
Dec
Nov
51*4 °ct
ill
Sep
53
Dec
9lio Dec
37c" Oct
165‘4 Jan
2(jio J’ne
93*2 J’ne
63
Dec
4U? Jan
95*2 May
37
94
AUg
17234 AUg
llOlo Dec
118*4 Dec
Dec
Oct
27i>8 Jan
1914 Jan
5934 Aug
54i2 Nov
91
Sep
113*8 Deo
128
9
951 *» Nov
77^
120
130
Dec
Sep
Sep
3014 Dec
99*2 Sep
94
AUg
13*4 Aug
87*4 Nov
87*? J’ne
48U Nov
64
Oct
120
AUg
J03
Dec
29*8 Nov
)
87*2 Dec
56
Aug
111*4 Aug
AUg
200
9*r J’ly
May
541; Aug
109
Aug
10
94‘>g Oct
Sep
107*8 Feb
J33i2 Ot-t
J20
549
80U Feb
9*j Ffeb
JAn
66
11»
Ofct
rl09
Sep
Jan
«3/r Jiy
15*8 J’ne
r
81 *4 J’ne
^25
125*2 Deo
Dec
114
243g Ffeb
4
Jan 14
29i2jan
62i2 Jan
3
3
110*2 Jan 10
84
Jan 3
42i4 Apr
20 -J’ne
49*2 Sep
110*4 J’ly
671r> Feb
Ftb
68
Jan 3
Jan lu
Jan 10
145
J^**
Men
321? Mch
977» Ffcb
3
3
3
May 13
13*4 Jan 10
Jan
Dlec
Ffeb
Jan
3
Jan 17
3
457sJan
10414 Jan
86i2 Jan
H834 Feb
$40%jan
Jan
96
169
5
57g May.l
5Ds Jan -
Feb 8
91
Jan
J’ne 3
125% Jan
$40*4 Apr .8 S6OI4 Jan
47
Feb 3
62*2 May
121
Feb 11
1^9*4 Jan
53
73
Apr 22
Jan
15
Feb
525 Jan 15
60
80
Feb
Jan 6
152
Feb
il95
Jan
4
66
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78% Mch *
59
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lit)
130
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Feb 24
Do 1st oref
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32i*> Feb
55 “ Mch
60
75
115
Weils Fargo & Co
yui2 Feb
Feb
9314 Jan
$37*4 Feb
18*4 Mch
47
Feb
U8
Jan
17‘,i Dec
237g Jan
25*2 Mel
99*4 Apr
29
Feb
21*8 Feo
21c Apr
iHI2 Feb
10*2 Feb
73*4 Feb
26
48% Jan 3
IO-JI4 Mch 8
V& Apr it
55% May „
ion? Apr m
106*4 Mayji
75% Mayiy
Jan
NovFeb
118
125
39% Mon 18
95
J’ne 3
6914 J’ne 3
JL04
May 17
72
Feb 8
5
Apr 30
21
Mch 1
35
Feb 7
10/
J'ne 3
ll53g Nov
128% Feb 18
Jan
Jan
124*4 Aug
7‘J14 Nov
107*4 Nov
5(H)
Dee
10
Pep
51/s Aug
Jau
Mch >285
Mch
105
34% Feb
i
1
Jan
95
Mavjl
Mch
Nov
80
lul
22 >
Apr 27
104
554
34
65
38
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s
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77*4 Feb
8
3
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15
86
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Jan
Jan
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Aug
49t» Aug
98 " GCt
109'4 Feb
D4
8
20
Feb
Jan
Feb
l
9078 Jan
107
115
estern Union Teieg..
1,300
7,600 Westingh’seEldsMfg assen
100
Feb
68*4 J’ne 3
Do pref
38%
6,450 United States Rubber
111
Do 1st pref
2,450
79
300
Do 2d pref
79% 327.500 United States Steel
Do pref
116% 20,045
44
14,726 ((Utah Copper
Par ill)
60
37^800 Virgin,a-Caro’ina Cbem
125
200
Do pref
i_
60
Virginia Iron Coal & Coke
20
Vulcan Detlnnlng.
70
Do pref.
175
67
62
111
4
rld6% Apr 29
2% Jan fe
3% Apr
...
United
400
100
J’ne
17i? May
& Paper..._
Union
Do Bag
pref..
72%
J’ne
68
360 United Dry Goods Cos..
Do pref
454
1.510 U S Cast I Pipe & Foundr
100
Do pref
5*?
25
J’ne 3
72
lo6'«s May 4
200 Texas Pacific Land Trust
450
70
108
Jan 1/
Apr 29
Feb 4
Feo 2.,
J’ne 3
12
29
49
2
6i>! Nov
50
103
Feb
6*4 Feb
34
Feb
18% Jan
c
Mch 21
104
i
Jau
Jai
i
Feb -cs
112?
2>5
101
«6
107s Aug
67*2 NOV
Feb
Feb
Feb
Feb
ys
»2U5
Jan
8
48
_
Feb
97
...
-j
o2%Jan
115
Jan 20
IO3I2 Fe
Quicksilver Mining
Do pref
IT ail way Steel Spring
It
Do pref
Republic Iron & Steel...
.
29*4 Mch 8
17^4 an ^
46% Jan J
Feb
85
.....
Mch
2u
91
...
o
8% Jan
4th «jan
75*2
Do pref
1,200
3,700 Pressed Steel Car..
63
36
96
161
„
Nov
25)
Jan
7i2
/H?
44*4
107>2
421,8
o
Mav24
H8I4 Feb
119
Mar 4
13:.% J’ne 2
People’s G L & C (Chic).
Philadelphia Co (dittsb'b)
2,400 Pittsburgh Coal Co
82
Mch it.
13% Jan
bi%Jan
/2%jan
534 May 3
2912 Apr 28
Apr 4
95D J a. 1 18
£0
J’no 3
& Teleg..
16
260
277
National Biscuit
47i4Jan lu
95*? Jan
20% Jaa
69% Mch
85*3 J’ne 2
72% J’ne
10218 Apr
...
i.
o
106
33
Jan
123j Feb
38
Feb
05
Feb
331? Jan
Jan lu
Jan It
120
32
...
32
106
96
40
103
12Bs J’ne l
Do pret
10
400 Nat Enamel'g & Stamp'g
Do pref
j
11,700 National Lead....
Do uref
310
600 New York Air Brake....
3,260 North American Co. new
71
*_
Mackay Companies
Do pref
643, jan
90% Jan
hk) nest
190
i
1
Int Harvester stk tr
123
17*2
11%
*9434
18%
26*4
14434
74%
108% *107% 108%
3534
71*2
29%
33
67
51
32% 32*8
105% 10R34
100
33
971?
42*2
126
*
60
20
*15
70
*60
175
$168
68I0
67
59
64
123
*114
5*4
15*4
70
03
Jan
Jan
15
Feb
Feb
67
..
107*4 *105% 106% *105% 106*4
23
20
21
20*8 20*8
116
58
123
93*4
*120
6
95
75
69%
23%
5l2
39*2
105
78ig
H8I4
4634
59*2 62%
*
98
19
70
36
98
16U?
8
61
*18
38
110
76
117
45
*124
701?
2534
89
72*2
*5*4
25
41
112
79
79*2
19*2
123
89
8
*60
106
*108
*20
*70
*100
8*4
*22
*70
*101
21
95
25*8
90
40
67
145
100
97
*83
102
10634
*50
36
98
70
3S3g
50*2
45*2
33
18*2
14%
29*?
85
103
*86*2 89
*75*2 76
106
105
105
12034 *121% 125
69»8
24*4
33
103
*95
6
74
*57
28
30
*64
rl40
*35
95*2
12134 121%
*85
74
75*4
*10712 108*2 *107
68
68*4 6934
73
26
34
35%
6
Lowest
101
„
130-% 136%
63
*64
18%
-85
731?
107*2 lOSlj
71*8 72*2
37
106% 107
77*2
29%
122*2
§12034
26!2
>270
J’no
31
FeD 8
1,000 American Woolen
Do pref
1,050
97% Apr 38
10,800 OAnacondaCopper f*ar$25 538 Mav o
26
J’ne
1,200 iJethlehem Steel
D
Do pref..
Feo
53
200 Brooklyn Union Gas.
133
May 3
200 Brunswick Term & Uy Sec
10
J’no 1
200 Butterlck Co
30
J’ne 1
central Leather
17,380
I 35 J’no
*
Do
pref...
1,028
105U Feo 7
4,790 Colorado Fuel & iron
3212 Feb /
420 Col & Hock Coal & Iron
6 J’ne 2
26c Feb
3,000 Comstock Tunnei.Par $2
40,300 Consolidated Gas <N Y>. 130*8 May 3
3,300 Corn Products Refining..
14*8 Apr 28
Do pref
1,200
74
Apr 28
Crex Carpet
55
Apr 20
Feb
27
3,200 Distillers' Securities Corp
200 Federal Mining & Smelt'-r
30
J no 3
Do pref
53
Apr o
J’ne 3
tl40
4,000 General Electric..
Granby Cons M S & F__
40
Apr 4
22,925
*83*8 Feb 8
Do pret stk tr ctfs ctfs 120 Feb 17
300
300 Int Mer Marine stk tr ctts
5
May 4
Do pref
1,600
16*2 Apr 2a
1,550 International Paper
10*2 May 8
Do pref
600
48
May 4
42
Meh ■> a
2,600 Internat Steam Pump
Do pref
525
82
J’ne 3
>7
Feb 7
15,100 Laclede Gas (St L) com..
42
tor Treuous
year (19091.-
J’ne l
J’ne 3
May 10
69
53
113
__
57
140
.11
34%
i
3
J'ne
J’ne 3
Feb
99% Apr 8
31% Feb 8
89% Jan 25
8% Apr 28
Do pref
400
300 Amer Smelters Sec pref'll
Amer
76*8 109,450
Smelt.ng& Refining
Do pref
103*2
2,650
American Snuff
300
Do pref
102
400
I
52
2,750 Amer steel Found (new).
120
2,000 American Sugar Refining
Do pref.
122
200
134% 10,425 American Teieph & Teleg
97
200 American Tobac (new) .pi
35
86
3234
98%
Lance
H iqhest
Jan
8%
31%
6178
40i?
..
30*2
35
15
*33
96* £
9412
106
138
*10
6
*5%
*19*2
*114
15
11*4 12
51*4 5H4
47*4
45*2 46*4
85
83*4 84
105*4 rl01*2 1027g
89*4
87*2 871?
75
*7512 76
*75*o
107
107
26
|.
134*2 136%
12*g
M
o
*95%
31*2
98%
3934
>250
Do pret
67% 264,470 Amalgamated Copper
Amer Agricultural Chem.
47
Do pref
103
5,800 American Beet sugar
35*2
I
Do pref
93
200
9%
4,600 American Can
*
Do pref
5,350
7034
"
57»fi 12,350 American Car & Foundr\
Do pref
800
114
3,333 American Cotton oil
61*?
I
Do pref
107
100 American Express
270
II
6
1,200 American Hide & Leather
Do
8,200
pref
36*2
2,205 American Ice Securities.I
23*?
800 American Linseed
13%
Do pref
33
600
2
45*8 11,000 American Locomotive..!
Do
300
105
pref
6
American Malt Corp_.II
26c.
53
4334
O
fc
<
a
6
*35
19
*285
*99
50
36% 37%
107% 107*35% 36%
76
76*4
*57
63
29
30
*33
40
*64
68
1441? 147
122
310
100
53
120
121
421 £
27
26*2 26*?
*
57
57
148
*144
147
11
*8
12
30
2934 29%
14*4
*122*2 123
*5*2
6
w
72%
103%
95*8 95*8
3234 33
*9834 100
41% 43
33
13434 137
*571? 63
30
31
*33
40
*64
67
147
149
*35
100
97
101D
*534
35
*85
119
120
119%
122
*119
*120
1351?
134-% 13434 132%
26c.
M
52*2
104%
32
dams Express
llls-Cha!meri
_
*244*2
6*?
Ranee. Since January 1
KKFs/inrt tots
On dam of
Louts.
100 A
900 Tx
800
9*2
[VOL. LXXXX.
2
EXCHANGE
.
53
114
59
*100
*1047g 108*2 *105
108
6
*0*4
6
6
*534
*534
*36
38
35*2 35*2
35*4 35%
*85
87
*85*2 87
85% 85%
74
757g 79*s
757g
74% 76
104
104-*) 103*4 104
103
103%
*250
100
NEW YORK STOCK
__
69%
58%
*534
3534
23*o
*91
9
71
*244% 270
6
233g
*12*4
57
114
61
60
107
*42
9*4
70*4
6
41
67%
9
59*8
115*2
114
60
+102
33
*411? 45
*100
103
35
36
*91
93
71
STOCKS
the
TKeeJt
Shares
industrial^ Miscellaneous
8*2
31%
62'8
&34
32%
65*2
97g
•S'aifs 0/
*250
*250
*9
934
347g
634
36
35
46
*105
Thursday
*41*? 44
MOO " 103
103
TRICES
Wednesday
33
677r
*4012
*101 "
SALE
Record—Concluded—Page
a
3512 J'ne
87*2 Aug
§111 Dec
87
Sep
17*2 J no
8912 Aug
67*8 Aug
12312 Aug
67*2 Feb
89*2 Aug
41i4 Feb
047g Oct
107
FeD
m
139*8 Ffeb
40'8 Ffeb
Jan
114
57
Ffeb
6
Ffeb
45
300
64
71
1H>
Jfen
Oct
167*4 Nov
56*8 Deo
128
Dec
757S Sep
37*4 Nov
91*4 Nov
Jfrn
Feb
Feb
Mch
670
Deo
85*4 Nov
90
Aug
145
Sep
BANKS AND TRUST COMPANIES—BANKERS'
QUOTATIONS.
Banks
Brooklyn
Broadway U
Brooklyn C_
BUI
375
Coney Isl’dl* 150
First
:
295
Hillside^
Homestead!
Manufac’rs
Mechanics't
Montauk
Nassau
*
Banks
--
135
155
•
Brooklyn
Nat City...
North Side 11
People’s
Prosp’ctPk,i
Terminal If.
...
.
125
115
415
240
250
Irust Co s
N Y City
245
150
270
A tor
Bankers' Tr
..
....
Aak
—
-r -
.....
B'way Tr..
Bid
295
150
158
150
Ask
irust Co's
Hid
.105
180
160
90
Carnegie
Central
120
Tr. 100 j
285
120
Columbia
Commercial
130
1035
300
127%
Com wealth
150
Empire
300
Eqult’ble Tr 490
Farm Lo&'I 1750
Fidelity
200
Fulton
290
310
...
353
690
145
irust Co's
Ask
N Y City
365
710
i60
500
1775
210
Ask
853
Guardian Tr
Hudson
Knickerb'kr
Law T I&Tr
Lincoln Tr.
Manhattan
Mercantile
Metro pol't’n
170
318
285
140
375
740
875
180
185
325
_
Mutual
130
M ut AO nee
NY Llfe&Tr 1100
290
145
400
1
,
Irust Co's
Y Trust.
N
Savoy
Standard Tr
TitleGu* Tr
Tr Co of Am
Union Trust
USMtg* Tr
635
Unit States.
Van Norden
132%
Washington
Westchester
....
./
>
Bid
GuaFty Tr.
1120
Windsor
>.
Bid
Ask
645
655
100
110
400
410
490
510
346
3^0
1351)
1375
475
485
1225
1250
235
375
150
120
130
.
'
trust Co's
Bid
Ask
Hrookiyn
Brooklyn Tr
425
451
145
Citizens'
138
Flatbush
200
Franklin
220
Hamilton
270
Home
108
K»ngs Co
500
L Isl L & Tr 305
...
...
..
Nassau
People's
ijueens
Ex-dW
...
Co.
Wllll&msb'g
•Bid and asked prices: no sales on ttus
day. iLess than 100 shares iEx- rights.
tSale at Stock Exchange or at auction this week
5 E c- stock dividend.
j: a
_and rights. d Now quoted
iank3 marked with
paragraph (H) are State banks.
J> Now jitock^
....
dollars
170
305
110
80
312
180
315
125
100
per share.
Exchange method, of quoting
BONDS
H. Y. STOCK
Wkrk Exniwo Junk
3
3
8
8
8
8
0
0
2s
3s
3s
38
small bonds.,/cl918
4s registered
1925
oou
1925
2s.fcl93U
t 97
City Securities
City-4%s rects
I960
1959
4% Corporate Stock
4% Corporate tstock ....1958
State and
N Y
44%
M-N
M-N
................1967 M-N
1917 M-N
Corporate Stock ..1957 M-N
New 44s
New 4 4s
44% assessmt bonds.... 1917 M-N
Stock....1957 M-N
M-S
J-J
4% Corporate
N Y state—Highway 4s.. 1968
So Carolina 4 4s 20-40
1933
Tenn new settlement3s.. 1913
Virginia fund debt
101%
213 J 00% 101%
06
40
Bros otfs.
99%
99 %
99 %
108
May 10
103% Apr’lO
99%
14
1
99
25
99
107%
107 %
102 %
102 %
99
97%
94%
asis of $5 to £.
99 %
113% J’ne’09
102% Jan *09
96% 94% Mar’10
90% Jan ’10
40
44
46
io3%
J-J
100%
3
97%
b
97
07
100% Sale
99% Sale
99% sale
107% 107%
102% 102%
107 % 107%
102% 102%
90% Sale
2S»...l99i J* J
6s deferred Brown
08
06
\T hese are pr ices o n the
100%
98% 100%
107% 109%
103% 103 %
28 107% UO
4 102% 104
100%
94%
00%
94%
9U%
40
66
li
Railroad
A laoama Cent ties So Ky
A jabs Mull See At Coast Line
Albany A Susa see Bel A Huu
Allegheny Valley See Penn Kit
Alieg & West see Butt K & P
Ann Arbor 1st g 4s
A1996
Atoll T A 8 Fe—Gen g 4a 1996
Registered....
1996
Adjustment g 48.......41996
Noy
Atl Knox A N See L A N
Atlantic Coast 1st g 48.41952
Ada Mid 1st gu gold 6s ..1928
Bruns A W 1st go g 4s.. 1938
Charles A Sav 1st g 7s.. 1936
L A N coll g 4s
01962
Sav F A W 1st gold 6s..1934
1934
98
89%
90%
90
Sale
108
06%
M-S
M-N
J-J
J-J
M-N
A-O
A-O
uno
41926
Oen Ohio R 1st cg4%s.. 1930
Cl Lor A W oon 1st g 6s 1933
Monon Riv 1st gu g 6s.. 1919
Ohio River RR 1st g 68.1936
General gold 6s
1937
Pitts Clev A Tol 1st g 6s 1922
Pitts & West let g 4s...1917
Stat lsi Ry 1st gug4%s 1943
Beech Creek see N x c A H
Believ A Car See Illinois Ceni
Si
108
J-D
A O
A-O
J-J
J-D
97
03
100
130
00
122
bale
90
92
*89%,
Since
©
January l
Ask'Low
High No' Low High
90% Sep ’09
104% J’ne 08
116
Nov’05
110
110
110
Jan’10
103 103
103
Jan’10
103
02
J-I»
J-J
J-J
102
J-J
100
102
M-N
„
.
r 122% 125%
122%
.122% 122%
122 % May'JO
.122
107
.110% 107
J-J
t.i
iVi %
*89%
90
96
120
Sale
89%
90
b9%
89%
iiT
110
LUO
106
105
109
08
116% 117
70
J
104% Sale
118
5s....pl945
2d pi ef income g 5s stamped
3a prei income g 6s....pl046
3d pref moome g 5s stamped.
108
M-N
OCC
.
38
97% 100%
96
99%
122% 126
107
108%
80% 03
89% 91
89% 90%
110% 113%
86
86
82
80
82
113% 114%
80
100 %
105
09%
09%
116%
Apr’lO
104%
18 104
105%
14 100% 101%
Mar’10
100%
May’07
80
79
81
81
3
2
113%
104%
Apr’06
85
Apr’lO....
May’10|....|
Apr’10....
May’10 ...J
May’io!....'
112% 113%
l103% 109
82
84
88
88
79
79
75
80
84*4
83%
82
81
126*
93%
103
r*
1921 A-O
A-O
M-N
M-N
MU L S A West 1st g 6s 1021 M-S
Ext A Imp s fund g 5s 1020 F-A
Ashland Div 1st g 6s..1025 M-S
Mich Div 1st g 6s
1024 J-J
incomes
1911 M-N
Chic Rock lsi A Pac 6s...1917 J
Registered
1917 J
General gold 4s
1088 J-J
Registered
1988 J-J
Refunding g 4s
1934 A-O
CoU trust Series H 4s ..1010 M-N
J 4s
1912 M-N
M *s
1916 M-N
N 4s
1916 M-N
O 4s
1917 M-N
p 48
1918 M-N
Ohio R *1 ~A Pao* R R 4s I *2002 M-N
Registered
2002 M N
Bur O R A N— 1st g 68.1934 A-O
Registered
1934 A
CR IF A N W 1st gu 5s. 1021 A-O
M A St L 1st gu g 7s..1927 J
Choo Ok A G gen g 5s .01910 J-J
Consol gold 6s.........1952 M-N
Keok A Dee M 1st 5s....1023 A-O
1921
1933
1933
103% 108%
1*6% 116%
......
May’10
[100
Nov’09
107*4 lo7%Mar’t0
'100% May’10
1105 May’lo
110% 113
112 May’10
06%
100
100
04
100% J’ly'00
88% Sale
87%
88%
93% Apr’00
110%
110% May 10
109%
llll%Nov’U9
106
100
109
1106
May’10
'106
Mar’10
110
jjliv% 111%
ibo” ib*0*%
1U6
105
106
107
106% 106%
1O0%111%
114% 117%
112% 112%
115%;
110% 112% Mar’lu
'142% Feb’02
'123% Apr’09
'103% May’U9
117%
117%
100%
110
89%
J ’iy ’08
116%
114%
87
22
May’10
*106% Ueo’lu
110 May’10
109
100%
lb*7*% lbs**
%110?
112
109
106
100% 100%
104% 106%
111% 113
06% 101
104
105%
1U5
107
107
%
86% 89
01% 08%
107% 108
108% 110%
108
108%
107% 108% Apr 10
102%
103% Api ’lu
116% May’10
11.6%
104% 106% 106 May’10
'100
04
103
08% 100%
30
106
100
129%'
ibo” ioo%
107% Mar’lo
108% Apr'10
106%
107%
1886-1026 F-A
General gold 3%a
1087 M-N
Registered
pi 987 Q-F
Sinking fund 6s... 1879-1029 A-O
Registered.......1879-1929 A-O
Sinking lund 5s...1870-1020 A-O
Registered
1879-1029 A-O
Registered...
Sinking fund Ueb 5s
Registered
116% 117
116% 116%
72
72
113
86
86
J-J
J-J
J-J
J-J
J-J
J-J
J
J
J
J
Registered
Debenture 5s
Jan’10
J’ly’08
Apr’10
72
93% 94
103
102% 104
08%
00-.
98% sale
103 % Oct ’08
86
S7
86% 87
02
02
02%
Sale
Ohio A L Su Div g 5s....1921
Ohio A Mo Riv Div 5s...1026
Ohio* P W 1stg5s
1921
Dak & Gt So g 5s
1016
Far A Son assu g 6s
1924
LaOrosse A D 1st 5s....1010
Mineral Point Div 5s....1010
So Minn Div 1st 6s
1010
Wis & Minn Div g 6S....1921
MU A No 1st M L 6s....1010 J-D
1st consol 6s
1913 J-D
Ohio A Northw cons 7s.... 1915
Extension 4s
1886-1926
126
Dec’00
May’10
Apr’lO
May’lU
126
126
128
114
106% 111
100
100% 100
J-J
J-J
J-J
J-J
J-J
'
*89% '*8*9%
89*4
112%
104% 105 % 104%
79
79
79
79
92%
90
90
113%
Oct
3
99%
103
117
101% 100%
1913
Stamped
97%
96
Apr’lO
Oct ’01
104
100 % 100%
1913 M-S
83
83
112*’ il*2
115% 114% Feb’10
May’lu
J
F-A
J-0
J
Got
95%
00
Feb’07
114
112 Deo’09
110% 112
Nov’09
li9% Mar’04
9 9% Sep ’09
100
Not’04
99
110
115
2u prei income g
98 %
See Erie
Chic in A Louiav ref 6s... 1947 J-6
106%
A-O
Oarb A Shawn See ill Cent
Carolina Cent See Saab Air L
Carthage & Ad See N YC&H
CedK la F<feN See BC RA N
Cen Branon Ry See Mo Pao
Cent of Ga RR 1st g 6s..pl945 F-A
Consol gold 6s
1945 M-N
68
89% Apr’lu
103 J’ne'09
111
May’10
110
1913 M-S
11
Mar’10
96
91
91
91% Oct ’09
105% 106% 107
1945
1st pref income g 6s....pl945
91%
J’ne’Oy
Ohloago A Erie
97%
Refunding gold 5s
1047
Louiav N A A Oh 1st 6s. 1910
943*
109% Ohio Ind A Sou 50-yr 4s..1956
ChioMdtfeKt P tenn g 6s 1014
General g 4s series A. .61989
03% 96%
Registered
61989
General g 3%a senes B.61980
25-yr deben 4s
1034
*8*7*% *9%Mar 10
89%
94%
97
93
109
May’10
08% 98% 97%
08%
12
Apr’lO
93
127
110% 112% 112
06
08
96
M-S
Registered
Jan’10
90%
100
95
92
98
89
92
89
8
113% 117
113% Apr’lO
105%
108% 266 105% 122%
167
102% 104%
102% 1021,
106*4
HI 145 In 6% 122%
98% 08%
98% Jan’10
98% 98
98% Feb’10
M-N
•
Registered.
92
90
88%
98% 101
77
96
16
03% 94
93%
94
109
Sep’09
107%....
02
03% 96% J’ue’00
*93”
A-O
F-A
Bklyn A Montauk See Long
Bruns A West AosAtl Coast L
Buttalo N Y A Erie see Erie
Bufialo K A P gen g 6s...1937
1957
Consol 4%s
Ail A West 1st g 4s gn..l998
Cl A Mah 1st gu g 5s....1943
Koch A Pitts 1st g 6s...1921
Consol 1st g 6s
1922
Butt A Suaq 1st ret g 4b.cJ1951
Bur O K <fc N See C K I <& P
03
.....
a
P J un A M Diy 1st g 3 %sl926 M-N
P L E A W Va Sys ref 4sl941 M-N
SouthW DIV 1st g 3 %S...1925 J
Clan
6s let ext 6s
'2d 8o
98
105% Sale
102% Sale
107% Sal.
ti
Registered
...41948
Pitts J
1st gold 6s... 1922 M
'
sale
01 %
106
Sil Bp Oca A G gu g 4s ..1918 J-J
AtlanLo A Danv See South Ry
Austin A N W See Sou Pacific
L>alt A Ohio prior ig 3 4&.1926 J-J
O Registered
41926
Gold 4s
41948
Registered
77 May* 10
98%
98%
98
00
Nov
1917 J-D
10-year conv g 5s
Debentures 4s Series J.1912 F-A
Series K
1913 F-A
Fast Okia Div 1st g 4s.. 1928 M-S
Short Line 1st 4s g
1958 J-J
8 Fe Pres A Ph 1st g 68.1942 M-8
gold 6s
78
98% Sale
76
Q.J
A-O
A-O
41995 M-N
Stamped
D
Conv 4s issue of 1909... 1955
Conv g 4s
.1955 J-D
Conv 4s (when iss) TJ....1960 J-D
1st
5
....
41995
Registered
Bid
Bangs
Week’s
Bangs or
Last Sale
....
..
D
Price
Friday
June 3
100
Le A Hud R gen gu g 6s 1020 J-J
100% 101%
100% May’10
100%
Leh A Wilks B Coal 5s..1012 M-N
100
100%
99% 100% 100 May* 10
Con ext guar 4%s
01910 Q-M
*100
S1941 Im-S
N Y A Long Br gen g 4s
See So Pacific Co
Cent Paoifio
87
85
86
86
86
91
CentVermont 1st gu g 4s.el920 Q-F
sav
see
Chas A
Atl Coast Line
100%
101%
100% May’10
dies A Ohio gold 6s
al911 A-O 100%
102
106%
102
102% 102% May 10
Gen funding & impt6s.l029 J-J
111% 114%
1st consol g 5s
1030 M-N 111% Sale 111% Ill's
112% 112%
113% 112% Jan’lu
Registered
1939 M-N
90
103%
101%
General gold 4%s...
1002 M-S 101 bale 100%
102% 105 Apr’09
1992 M-S
Registered
356
93%
05%
03%
94%
93% Sal«
Convertible 4 %s (whis). 1930 F-A
87
89
89
87
Apr’lO
Bit sanoy 1st 4s
1944 J-D
83
83
80
89% 83 Apr’lO
Coal Kiv Ky 1st ia4s ..1045 J-D
May’OB
110
......106
Craig Valley iatg 5s....1940 J-J
00
90
Jan ’00
Potts Creek Br 1st 4s..1946 J-J
07% 00
97% May’10
97% 08
K A A Div 1st con g 4s.. 1989 J-J
08
93
Feb’10
96
93
88%
2d consol g 4s
1089 J-J
113% Feb’05
Warm Spr Val 1st g 5s.. 1941 M-S
91
01%
86% 93% 91% Mar’10
Greenbrier Ky lstgu g 4s ’40 M-N
1
73% 77
73%
73%
73%
Chic A Ait KK ref g 3s...1949 A-O
70
70% 20 68% 76
71
70
Bailway 1st lien 3%s... 1950 J-J
76
Oct ’09
Registered
1950 J-J
00
90
May’10
98% 100
CLuo Burl A (j—Denv D 4s 1022 F-A
Sale
87
87%
86% 80%
87
Illinois Div 3%s
1040 J-J
88
91% Dec’08
..1949 J-J
Registered....
20 98% 100%
08% 90% 98%
99
Ills Div 4s
1949 J-J
104
108% Oct’09
Iowa Div sink fund 6s.. 1910 A-O
11
08% 100
98%
98%
08% 90
Sinking fund 4s
1910 A-O
08
99
98% May’10
08% 100%
Nebraska Extension 48.1027 M-N
101 % Mar’00
Registered
1927 M-N
07% 99
07% May’10
97%
Southwestern Div 4s....1021 M-S
Joint bonds See Great North
101
101
101
May’10
101%
102%
Debenture 5s.
....1913 M-N
07.
*?7% 10 07 100
07% sale
General 4s.i...
1958 M-S
1
101
102
101%
101%
M-S
101%.....
Han A StJosconsol6s.. 1911
81
82
83% May’10
82% 80%
Ohio A E 111 ref A imp g 4s 1065 J-J
127
127
1st consol g 6s..
1034 A-O 122 127% 127 Apr’lO
ilO
sale 110
100% 113
General consol 1st 6s.... 1937 M-N 110
May’00
114
Registered.....
1937 M-N llo
Mar’10
112
112
112
Ohio A ind U Ry 1st 6s. 1936 J-J
Foreign Government
1899
1954
BONDS
N. Y. STOCK EXCHANGE
Week Ending Junk 3
h 1987
Registered
Am Dock A imp gu da..1021
96% 35 95% 97
9634 96%
Argentine—Internal 5so£ 1909 M-S t 96
Imperial Japanese Goveruin't
94% 63, 94% 96%
94%
F-A i 04% Sale
Sterling loan 4 4s
1925 J-J
94% 11 93% 95%
t 94% 94% 94%
2d series 44s
1925
4
88*% 92%
00%
90%
Sterling loan 4s
1931 J J t 90 % Sale 102%
6 1 01% 104
102%
% 103 %
Repub of Cuba 5s exten debt.. M-3 *1102
1196% 97%
96% 97% 97 May’10
8an Paulo (Brazil) trust 5s 1919 J-J
2
97% 09%
97%
97%
U S ol Mexico s I g 5s of
Gold 4s of 1904
all—“and interest” —except for insa ne and defaulted bonds.
Cent of Ga HU—(Con)
Chatt Div pur mon g 4s. 1951
Mao A Nor Div 1st g 6s. 1946
Mid Ga A Atl Div 6s.... 1947
Mobile Div 1st g 6s
10*6
Cen RK<3> Bof Ga col g 6s 1937
Cent of N J gen’l gold 6s. 1987
High
100% 101%
5 100% 10(34
....110134 102»4
6 101% 103
....'102% 102%
No Low
....
/cl918
8 48 coupon
U 8 Pan Can 10-30 yr
Since
January 1
1003* 101% 101% Mar’10
100%!
10034 Sale 100*4
102
103
102% May’10
102 %
102%
102
103
102% Mar’10
1*14*4 Safe * 114% 114%) 11,114% 116%
114*5 116% 114% May'10 ,...1114% 115%
Mar’09
101
100% 101
consol coupon....dl930
registered
kl 918
coupon
Bangs
i?'
High
Ask Low
Bid
■3J
Week’s
Bangs or
Last Bale
Friday
June3
l. % Government
U 8 2s consol registered.dI930
U
U
O'
U
bonds was changed, and prices are now
Price
EXOHANOE
and Yearly
Exchange—Bond Record, Friday. Weekly
New York Stock
Jan. 11909, the
A
lll%fno%Apr’10
110% 112
109% 112% 113 % Aug’09
Ohio st L A N O See 1U Cent
Jlnc St L A Pitts See Penn Co
line St P M A O con 6s... 1930 J-D
Cions 6s reduced to 3%s.l03O J.Di
06%
05%
96
98%
98% Feb’10
87%
87% 80 87%
87’% Safe
97
J’ly ’04
J’ne’00
97
04%
94% Jan’io
94
Deo >00
04%
94% May’10
93% Aug’09
75% Sale
75%
77% 277 76%
78%
76% May’10
113%
inn 114% 113 % Max’10
05 % Sale
’
_
.
104%
101
08%
92
04%
04%
83%
80%
114%
i20%Mar’03
Ill
Nov’05
103 1104
108% 108
100
123
00
126
83%
104
108
May’101
104
Mar’10
Feb’10
124
03
May’10
Deo’031.
104
110
103% 104
124
.
127%
MISCELLANEOUS BONDS—Continued on Next PageStreet
Railway
Brooklyn Rap Tr g 6s
1st refund conv g
1946
82% Sale
4s....2002 J-J
BkCity 1st oon 5s.1916.1041 J-J
Co A S oon gu g 58.1941 M-N
Bklyn Un El 1st g 4-68.1950 F-A
Stamped guar 4-&S....1960 F-A
......
Bk
.
List* ref g4%s’51
Stamped guar 4%s ......1951
Det United 1st oofi g’4%s.l932
Havana Elec consoTg 68.1952
Inter-Met cod 4 %d.I960
Inter Rap T S-yr conv 6s. 1911
45-year 6s Series A«..,.1052
*No price
102
102%
82*4
86
101% May’10
99%Mar’O0
101
100% 100%
84% 84% 84% Apr’lO
1 102
104
82
....
104%
87
101% 104
ibb% ibo
6
2 100%
100%
103
80
83% 86%
84%
84% 84% 84%
82
77
77*4 May’10
76
77
102% 102%
102% Mar’ll
101% 102
101% 102
101% May’10
101% 102
6 81
82%
81
81
*81
Sale
93
9494% 96% 94 Apr’lO
'•
506
78
83%
78
80*4
-73% Sale
101% Sait 101% 101% 10 101% 1041 l°la4 1«3%
"..101% 101% 101%
'TJ.il T an
67% 67%
67% Mar’10
68 - May’06
....
84
6
....
J-J
....
J-J
....
J-J
F-A
A-O
M-N
M-N
Interna c Trac coll tr 48.. 1949 J-J
ManUa Eleo 1st <& coU 58.1063 M-S
102
100% 10 L
100%
Kings Co El 1st g 4s....1949 F-A
Stamped guar 4s
1040 F-A
Nassau Elec gu g 4s ....1961 J-J
Conn Ry«fe
102% 102%
102
A-O
.
.
..
•
.
.
Friday; latest this week.
•
•••
•—
DFiat. oDue Jan d Dae Apr
e Dae
Street Railway
Met St Ry gen ool tr g 5s.l997
Ref g 4s
2002
B way <& 7th av 1st o g 6s 1943
Colds 0th Av 1st gu g 5s. 1003
LexAvdk P Flstgug5s 1993
Third Ave RR oon gu 4s 2000
CentTr Co certfs stmpd...
Third Ave Ry 1st g os.. 1037
NT Orl Ry A Lt gen 4%s ..1035
St Jos Ry Lt H <& P 1st g 5s ’37
st Paul City Cab oon g &S.1937
Tri-City Ry A Lt 1st s f 68.19 23
Underground ot Lon 5s... 1020
1933
4%s
Income 6s
Union El (Chic)
F-A
A-O
J-D
M-8
M-S
J-J
j*-J
J-J
M-N
J-J
A-O
M-N
J-J
1048
1st
g
6s..1945 A-O
United Rys St L 1st g 48.1034
UnttftPRRfe San Frsf 4s. 1927
May g Due J’ne ADue J’ly
-O*
75
75
48% Apr’lO
08% 102% 101% May’10
75
06
06
80
100
00
**6*1*% ”6*8*
06
97
61
63
6
99
96
May’10
Apr’lO
May’10
63
87
87
*1*0*8* 107% Dec’09
Sale
100
84% 85
36% 38
00
82
63%
97
08
84%
36%
84
07
8t%
64
102
102
87
,J.M
16
Apr’09
96
99
89% 86
31% 40
85
87
Oct ’08
May* 10
67% - 67%
82
JcDue Aug oDue Oct p Dus Nov
I
;
96% 99
64
60%
63
68%
105% 108%
105% 106% L05%
106%
87
Mai’lC
86
98
Nov’08
*99**
105
07
75
48
___
81% 88
67% 74
t Option
Bate j
rr-j’T..’
1474
New iom Bond
BONDS
Prioe
N. T. STOCK EXCHANGE
Were Ending June 3
Ohio St P M A O—(Von)
Ch St P A Minn 1st g 6s 1918
Nor Wisconsin 1st 6s...1930
St P A S City 1st g 6s... 1919
Chic A West Ind gen g 68^1932
Consol 50-year 4s
1952
Chic A W Mich see Pere Marq
Choc O A Gulf See CBIAP
Oin H A D 2d gold 448...1937
Cin DAI 1st gu g 5b... 1941
C Find A Ft W 1st gu 4s
g.’23
Oin I A W 1st gu g 4s.1953
Ind Deo A W 1st g 6s...1935
1st guar gold 5s
1935
Cl St LAO See C C C A St L
Oin S A 0 See O O C St L
Clearfield A Mali See B R A P
Clev Ci n C A St L gen e 4s 1998
Cairo Div 1st gold 4s....1939
June 3
Bin
1st gold 4s
..../C1936
fcl936
Cin S A Cl con 1stg5s..1928
0 C C A l consol 7s
1914
Cod sol sink Iund7s....l914
General consol gold 6s.1934
Registered
.1934
Ind Bl A W 1st pref 4s.1940
O Ind A W 1st pf 5s...ctl938
PeoA East 1st con 4s...1940
income 48..
1990
Clev A Marietta See Penn Rh
Clev A Pitts See Penn Co
Col Midland 1st g 4s.
1947
Colorado A Sou 1st g4s...1929
Rotund A ext 44s
1935
Ft W A Den C 1st g 6s..1921
Ooluru A Greenv See So Ry
Col A Hock Vai See Hock Vai
Col A Tot See Hock Vai
Col Conn A Term See N A W
Conn A Pas Klvs 1st g 4s. 1943
Cuba RR 1st 50-yr 5 g
1952
r\ak A G t So see C M A st P
L'alias A Waco See M K A T
Del .tack A Western—
Morris A Essex 1st 7s...1914
*.
1st consol guar 7s
1916
Ask Low
123
123
....
91
101
ff
Registered
1915
1st ref gu g 3 *28
2000
N Y Lack AW 1st 6s...1921
Construction 5s
1923
Term A improve 4s.... 1923
Warren 1st ref gug 3 4s. 2000
Del A Hud 1st Pa Div 78.1917
Registered
1917
10-yrconv deb
4s
113
Oct. ’00
May’10
’80** *8*6*
1922
j istAref4s
1943
Alb A Sus couv 3*28
1946
'
Hens A Saratoga 1st 7s.l921
Del Riv BR Bridge See Pa RR
Deny A R Gr 1st con g4s.l93t<
Consol gold 4*28
1936
Improvement gold 5s...1928
1st A refunding 5s
1955
Rio Gr Juno 1st gu g 5s. 1939
Rio gr So 1st gold 4s....1940
.
UtahCentlstgng4s
Registered...
90 4 Sale
94*6
93 7e
90
90
1084112
90
934
101
108
*87** *87*>4
....
105
107
104 4
97
94 *2
94 4
93 4
91
96
90
"loos,
921®
904
*1 an ’10
93*2 Apr’10
92 6>
EvA Ind 1st con guv
6s.. 1920
Erie A Pitts See Penn Co s
Evans A T H 1st cons
6s. 1921
1st general gold 5s
1942
Mt Vernon 1st gold
6s.. 1923
Suil Co Brauch 1st
g 6s. 1930
L*argo A So See Ch M A St 1*
l lint A Pere
M
See Pere Mur
Fla C A Penin See Sea Air
Line
FortSt U D Co 1st g 44s.
1941
Ft W A Rio Gr 1st
g 4s... 1928
( 'al Har ASA See So Pac Co
'TalH A Hof 18821st os.1913
Georgia A Ala See sea A Line
Get’07
May’10
105*4 Feb’10
H>734
95*4
90
105*4 1054
97
97
93 4
98
98
un
93 4
56
6*6** SaTt
57
22
90
65
944
67
May’10
954
73
95
97
95 VSaie
96
97
111*3 Sale
73
814
974
95
97
1114
964 99
1114*14
1111#
May’10
100
109
112
100
111*8 111 Mar’10
112*2
1*2 4
*8534
1V5
107
100
1104H14
J’ne’06
Sep ’Ui>
127
94
117
1144. Apr TO
169
MO-iEeb’lO
9734 98*2 97s4 May’10
I02*a Feu’03
1164 120
120
Mar’lu
1014
4
104 Si
1
22
1007* 103
9/4 100 4
924 974
1264 U04
Aiay’10
984 9734
103»*1044
102
6
Feb’0j>
Deo’09
MarMs
904 93
834 Halt
May’10
83*6
4
92
75
112
Sep ’04
Apr’io
HO
95
89
May’10
7l
Feb ’10
109
106 *2
108*4 106*2
110
11*2
118*4
100
113
......
196
Dec’09
118*4 May’10
11841224
100
Apr 10
1064 Mar’lu
103
Mar’10
106*4 Jan’10
...
105^...
102
105 *2
May’16
Mar* Ota
...
...
984
100
103
1204 124 Aug’Oi?
82°a Sale
82 4
624
74
66
Hale
11556 1137B Mar'lo
110
llU7e 110
no
111*4
121
Dec’08
127
Mar’lu
1094 114 Apr’10
100
1034 Get '09
105
1034 Jan *lu
103 4 104 4
90
105
14
81
Nov’UO
72 4
73
85 4 Fob’07
83 4 May’10
74
76
66
0836
sale
81
87*4
724
764
834 864
15
26
74
66
83
73 4
...
,
—i*l 13 7gll3 4
9 110
115
126
114
127
114
I
103 4103 4
103 4 104 4
May’10
1004 Dee’06
89
108 4
1034
1064 1064
994 9y3*
9934 Feb’10
mm **7*3*2
**84*4 *86**
100
1064 1064
89
1*1 89
May’10
93
..[10841084
*100*4 Marv10
IjToo 41014
..10141014
,
g
5s..
Ed El 11 Bkn 1st con g 4s
Lac Gas L of St L 1st g 5s.<
Ref and ext 1st g 5s
Milwaukee Gas L 1st 4s.. 1927
*
644
J-J
J.J
Q-F
Sale
664
106
66
106
66
99
97
1014 101
98
98
105 4 MarTO
614 Oct Ml
101
100
Oct ’09
102 4 103 4 May’10
1014
97
101
99
J-D
102
20 105 4
64
2
ioi
Apr’10
954 Sep Mb
103
....
97
MarTO
104 4 Sep ’09
113
Apr’10
1104114
884 90
102
1014104
A-0
M-K
101
1014
954100
97
J’ly’09
86
87
944
974
A Line
95^b Sale
954
967, 155
9la*
96 4
954 35'
99«* 99 4 May’10
125 4 PJ.s* 1.5 4 May’10
......
1*0*5
i05 4
132
105
Ayr’09
May iw
1084 J Tie’09
1004
954
10u4 May'R
*98
98
Apr TO
lOol* uol ’06
96
t*934 Jan ’lu
1124
1144 beO’10
125
130
129
Feb’10
1364 .'laj’06
iio** 113s, 1137» Apr’io
111
1144 116 J’ne’ob
-
90
.—
89
100 4 bale
loo
95
96
96
Central 1st g 4s..1951
Illinois
Registered
1951
104
Sale
1951
1961
1951
1951
1952
1962
90
Registered
1014
1004
*9*94 ’*9*94
Apr’10
994 1004
1004 Sep ’0»
95 4 May’10
994 eeb’09
104
13
113
129
129
1134
i 13 4
1144<
•••••
••••*•
874
944
994104
95** **9*54
104
92
94
104
y2
1064
12
90*' *9*2**
14
9*7 S *9*94
Sep '09
934May*U9
J ’Jy '05
98 4
99 4 100
994
92
lot
^
78 4
Registered
1951
Gold 34s...
1961
Registered
1051 J-J
Spring Div 1st g 34S...1951 1 T
-
-
Kentucky Cent
see LAN
Keok A Des Mo See C R IAP
Knoxville A Ohio See So
Ry
Lake
Erie 5s.
A W 1st g 5s.. 1941
1937
2d gold
North Ohio 1st gu g 5s.. 1945
99*’ i*0*04
99
Halo
974
Registered......
.1953
Cairo Bridge gold 4s....1950 J -D
LouisvDivATsrm g3 4«.l953 '
Middle Divreg6s
.1921
Omaha Div 1st g 3s
1961
St Louis Id v A term
g 3s. 1951
99
99
J’ne’09
97 4
97a*
-
994 May'10
9841004
97
May*07
loo
Apr ’09
87 4 May’10
1^8
JUAy'OO
87*4 ’*88 4
77s* Mar’lo
79*4 Dec’06
774
‘*7*74
**8*7*4 89** Feb’V6
884
*89**
1014 Oct T<9
89-»* 100 Nov’00
95
98
Apr’io
117 4 May’ lO
99
reo’10
1174
114 4 mm 1144
112
118
mm **y*7*4
644
92
98
95
in
in
22
103
76
99
May’10
Mar’10
Hl8
9*<
..
..
ZZ
2
2
lo3
72
1*004 Sale
111
111
111
1004
14
107
974
114
114
114
1134 1094 Oct ’99
108
(1014
**y*7 4
114
1154
Nov’UO
934 Mar’10
T0i4
41084
96 4
934
954
102*4
1004
74
1*00** i*0*3*
106 4 107 4
108 4 112
Aug’O
97 4 Apr TO
95 4!
1064
774
1104 1124
1064 106 4 MarTO
1094 109 MarTO
107 4
91
98
1104
35
724
Oct Mu
1107
J -J
22
May TO
724
* 9*7 *4
1064 112
101,4 1124
102
74
63
100
_
118
4
96
109 4
1034 107 4 1074 MarTO
~
99
,1144119
95
May TO
109 4 May To
111
May’10
ill
MayTO
22
...
98
J’iy'u8
103
75 4
724 73
98
H741L74
90
Get ’09
9 / 4 Mar’lo
98
1094
no
no
21
10 L
M-S
M-S
A-0
Gold guar os
1914 A-0
Leh A Hud R See Cent o( N J
Leh A Wilkesb See Cent of N J
uong Dock
*1*0*04
98
1074 Apr’07
99
L N O A Tex gold 4s
...1963
Leroy A Oaney Vai
10*7*4
80
1965
LShoAMichS See N Y Cent
Leh Vai N Y lstgu g44s.l940
Registered
1940
Lehigh Vai (Pa) cons g 4s. 2003
Len V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu
g 5s. 1933
Leh ANY 1st guar g 4s..1945
Registered
1945
E10AN 1st pf 6s
1914
1044
••••••
Hook Vai 1st consol g44a.l999
Registered
1999
Col A H V 1st ext g
4s.. 1948
Col A Tol 1st ex 4s
1955
BLoust E A W Tex See So
Pac
Honst A Tex Ceu See So Pac
Co
Registered
944 9t» 7»
99 *«, 100
125 4 128*4
96
ioi 4 101*4
Feb TO
»ep ’09
See Mo P
See Erie
Long Isi’d—1st con
1st consol gold 4s
General gold 4s
g
6s. 6,1931
A1931
1938
1922 M-S
-
Ferry gold 44s
Gold 4s
Uuilied gold 4s
Debenture gold 5s
on
1114
—
1932 J-D
.....1949 M-S
..19341 J-D
96
92
112 Feb TO
1U041
9741 96 May TO
1004 LOU4FebTo
| 99 *4 Oct ’06
937« 934 Mar’10
1044 Dec'08
...
112
112
96
100 4
974
1004
*9*34 *9*5*"
Next Page.
Gas and Electric Light
Mar’10
102
100 4 LOO
904 91
Apr TO
Apr TO
1084
No prioe Friday; latest bid and asked
this week,
A-0
an A St JoSeeH
AQ
U ousatomo
See OB
YNHAH
D11SCELLANEOUa> BONDS—Continued
102
106
Pian
05
Mar’98
Mat TO
1014105
91
944
92 *4
*79*
J’ne’08
A pi
105
86
Western Lines 1st
g 4a..l961
Bellev A Car 1st 6s
1923
Carb A Shaw 1st g 4s.. .1932 M
Ohio St LA N O g 6a.. .1051 J-D
Registered
1051 J-D
Gold 34s.
....1951
Meiaph Div 1st g 4a... 1951
944
St L Sou 1st
gu g 4s
1931
844 Ind Bl A West See COCA StL
ind Ill A la 1st g 4s
1950
Int A Great Nor 1st
g 6a.. 1919
2d gold 5s
1909
95
Trust Co certfs
9778
88
91
3d gold 4s
1921
72
74
Iowa Central 1st gold 5s..
1938
109
111
Gold 4s
1951
LaiAAGR See L 8 A M S
JVan A Mich See TUI A O C
KCFtSAM See StLASF
12 10641064 KCAMRAB
See St LA S F
Kan C A Paoiho See MEAT
Kan City Sou 1st gold 3a.. 1950
Registered
1960
Ref A impt 5s Apr 1950
Mar’10
.
102
Sait
9*8* ioi**
114
95
85
904
Low
Dec'OS*
i 0
80
1937
1st guar gold 5s
1937
Will A S F 1st gold 5s 1938 J-D
Greenbrier Ry See Ches A O
Gulf A S11st ref A t
g 5s 61952 J-J
1st ref 4s
1164
..^„
......
Pian So
Oct ’09
J-J
J-J
Registered.
113
12*6** i2*6*4
^SOfcAprTO
9534
1st g 6s.19.l0
WilkA Ea 1st gug 6s. 1942
Eq G L N £ 1st eon
1014 May’10
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s..1937
Registered
1037
K Minn Nor Div
1st a 4s 1948
Minn Union 1st
g 6s.. 1922
Mout C 1st gu g 6s....1937
Extended 1st g 3 4s
1st gold 3s
sterling
Cod Trust gold 4s
974 101
1007e Mai’10
98°&
9S°b
92 *2
y9
98*4 99
92 4 Sale
125
MidRRofNJ
J-J
F-A
M-S
J-D
F-A
M-F
A-0
A-O
A-O
1
1014
Ask Low
114
Cent
112 4114 4
II04IIO4
Aug’01
984
149
98
08
87
J-D
M-N
A-O
111
See St L S W
Gt Nor—C B A Q coll tr 4s
1921
Registered.ti
ly21
St Paul M A Alan
4s....1933 *-a
1st consol gold 6s
1933 J-J
Registered
1933 ~ '
Reduced to gold 44s 1933
1st gold 34s
1937
1916
Gas and Electric Light
Atlanta G L Co 1st g os...1947
Bklyn U Gas 1st con g 5s. 1945
Buffalo Gas 1st g 5s
1947
Columbus Gas 1st g 5s.... 1932
Detroit City Gas g 6s
1923
Det Gas Co con 1st g 6s...
J-J
AO
A-0
A-O
-
73
Since
January 1
Bid
107
Registereti
May TO
Range
or
MePenuRR
Gray’s Ft Term
*94** j’iy *’08
*92
^ea
\Veek>s
Range
Last sa>*
J-J
......
LXXXX.
Georgia Pacitic 'See So
Ry
Gila V G A Nor See So Pac Co
Gouv A Oswegat See N V
125** NoV’09
123
See
* 94*4 GrandRapAInd
90
Feb’10
109*« 8ep ’09
109*4 Dec’09
ioi*',
96 4
Dec *09
97
98
94
,
L13* i 1*436
90 *a
90*2
94*a AugMU
Jan '02
2d 6s
Bui Short Line Set. Nor Pac
Bui So Shore A Ati g 5s.. 1937 J-J
L'astof Minn SeeStPMAM
ljast Ten Va A Ga See So Ry
Elgin Joi A East 1st g 5s. 1941 tifl-K
Elm Oort A No See Cell A N Y
Erie 1st consol gold 7s....1920
NY A Erie 1st ext g 4s 1947
2u ext gold 5s.....
1919
8d ext gold 44s
1923
4th ext gold 5s
1920
5th ext gold 4s
..1928
N Y L E AW 1st g fd 7s. 1920
Erie 1st con g 4s prior.. 1996
;
Registered
1996
let consol gen lien g 4sl996
Registered....
1996
Penn coil tr g 4s
[
1951
60-year conv 4* A
1953
do
Senes B.1953
BuliN if A Erie 1st 7s..1916
Chic A Erie 1st gold 5s.. 1982
Clev A Mahon Vai g 5s. 1938
Long Dock consol g 6s..1935
Co&lARR 1st cur gu 68.1922
Dock A Imp 1st cur 6S..1913
N Y A Green L gu g 58.1940
N Y Sus A W 1st ret 68.1937
2d gold 44a
1937
General gold 5s
1940
Terminailst gold 5s.. .1943
Regis $5,000 each...1943
Price
kri/lav
June 3
Hujfi
Ga Car A N or
al917
Des Moi A Ft D See M A St L
Bes Moi Un Ry 1st g 5s..l917
Det A Mack 1st lien g 4s.l995
Gold 4s....
1995
Bet So—O S Div 1st g 48.1941
Dai A Iron Range 1st 5s.. 1937
Low
107 *2 Deo 02
•
Guaranteed
1940
EUo-Gr West 1st g4s....1939
Mge and col trust 4sA. 1949
BONDS
N. Y. STOCK EXCHANGE
WfCKk Kndinu Jun^ 3
?
123*, 127
87S JanTO
107
Mar’10
107
1916
1st lien equip g 4 4s
*0
H t(/A
106 4 L01
Reuistered
■
v
Since
Janvaru
1234 May’10
129«SMay,09
113 May’10
112
May’10
90
May 10
....
1124 114
1094112
1990
g 4s..1940
W W Vai Diy 1st g 4s...1940
C 1 St L A C consol 6s.. 1920
Range
lo©
(VOL.
2
,
Oin W A M Div 1st g 48.1991
8t L Dir 1st col tr g 48.. 1990
Registered
3pr A Col Div 1st
Week?s
Range or
Laxt Sale
Friday
EeCOfd—Continued—Page
a
Due Jan
io7s4
67
ibis
*105*4 i05*4
10341034
97
97
liT* iV&*“
87 4
90
*4 1004 loo
994 10K91
924
b Due Feb
NYGELHAPg 5S...1948
J-D
Purchase money g 4s...1949 F-A
Ed El 111 1st conv g
1st consol gold 5s
5s..1910 M-S
1995 J-J
g 5sl930 F-A
N YAQE1 LAP 1st con
N Y A Rich Gas 1st g
Pat A Pas G A E con g
Peo Gas A C 1st con g
Refunding gold 5s
5s.1921 M-N
5s. 1949 M-S
68.1943 A-0
1947 M-S
ChG-LACkelstgug5s 1937
J.J
Con G Co of Ch 1st gu g 5s.’36 J-D
Ind Nat Gas A Oil 30-yr 5s '36 M-N
Mu Fuel Gas 1st mi g da. 1947 vi-N
Philadelphia Co conv 5s ..1919 F-A
Syracuse Lighting 1st g 5s.’51 J-D
Trenton G A El 1st g 5s..1949 M-S
Union Elec LAP 1st g 5s. 1932 M-S
Westchester Light’g g 6s. 1950 J-D
d Due
Apr
e Due
May
ADueJ’ly
1004 Sale
1004
834
83 4 Hale
1004
844
100
Feb’iu
111
1104 May” u
1004 1004 Aiar’10
97 4 J’iy MU
iib
98
1094 117
102 4 103
4
42 1004
83
25
100
110
914
1044 N’ov’05
1184 Mar'lo
944 Aug’09
118
1004 102
...
101 4 lOl
Mai To
984 1024 L02 4 Apr’10
103
98'
100
.00
■
1004
A; Due Aug
<7
Due Deo
*
....
101
102
LUO
MarTO
M«y’05
110
96
Jan MS
102 4 Mar’U9
119
1024 104
1927« 1044
.-..VI
99
87
1004
1114
10041014
102 4 May TO
1034 1044 104 iUay’lu
102 ■» 103
101 4 May TO
......
1034
....
.... •
101
10»
100
••••«•
Option 6*1*
1
New York Bond Record—Continued—Page s
June 4 1919. j
1475
•«
BONUS
JVtaf
N. Y. STOCK BXOHANGB
Wkek Ending June 8
Friday
JuneS
II
WeeUfs
Mange or
Last Sale
Btd
ASk
M-8
94* Sale
Bklyn & Mont latg 6s..1011 M-S *100* ......
1911 M-8 ♦100
1st 6a
N X B<fcM B 1st congCs 1935 A-O 102
N Y (fir K B 1st * 6s
1927 M-S 103
Nor Sh B 1st con g gu5s ol932 Q-J 101
04
Louisiana <fc Ark 1st g 58.1927 M-S
Louiav & Nashv gen g 6s. 1930 J-D 116
Gold 6s
1937 M-N 109*
08
Sale
Unified gold 4a.
...1940 J-J
Lon ir Island—(Con)
Guar ref
fold 4s.
1949
......
......
Registered.............1940 J-J
Sink fund gold 6s........1910
Coll trust gold 68
1931
RH4 Nash 1st it 6s.. ..1919
L Cm & Lex gold4*o8...1931
V O AM 1st gold da....'
NOAM 2d gold 6a
1930
Pensacola Div gold 6a.. .1920
St Li Div 1st gold 6s
1921
2d gold 3s
Atl Knox A Cm div 4s.. 1966
ail Knox A Nor 1st g5sl946
Bender Bdge lsts r g 6s. 1931
ii
N. Y. STOCK EXCHANGE
Week ending June 8
Lots
112*116*
114
98*
34
114
97* 100*
Mey*0§
io7 * ioii* 107*
111
102
121
J-D
M-N
J-J
J-J
107*
111* Oct *09
106
103 Apr’19
124* 124 Mar’lOj
117*
120
.*....111
M-8
M-8
M-S
M-N
J-D
M-S
75
94
109
110
104*
96* 98* 97
101
106 * 104
Kentucky Cent gold 4s.. 1987 J-J
LAN A MAM 1st g.4*s 1045 M-S
LA N-South M joint 48.1962 J-J
N Fla A 6 1st gn g 5s... 1937 F-A
NAC Bdge gen ga g 4481945 J-J
Pena A Atl 1st gn g 6a..1921 F-A
8 A N Ala con gu g 5a..1034* F-A
L A Jed Bdge Co gag 4a.. 194! M-S
••••••
103
124
Jan ’09
90
90 Tg
106*109
••••••
106
126*
it) 7* ilo*
107* Mar»16
117
May*©7
71
Msy*09
91
MaylO
116 J'ly 06
114*
70
107*110
93*
Rutland 1st oon g 4*8.. 1941 J - J
OgALChaa* 1 at gu 4a gl94B J-J
Rut-Canad 1st gu g 4s.1949 J-J
8fc Law A Adir 1st g 5a. 1996 J-J
2d geld 6a
.....1996 A-O
Utica A Blk Rivgug4a.l922 J-J
Lake Shore gold 3 *a
1907 J-I>
*96*
96
104
97*
106*
90* 92
Apr’16
110* Apr’10
110
Registered
111
101
ll0*Mar*10
no*
files C lift L
ahon Coal Bee L S A M S
110*110*
111
Mar’lf
SO* May’10
114
KaAAGRlstguo58.1038 J-J
110
114
89 * 89*
Mahon O’! RR 1st 5a..l934
Pitta A L Erie 2d g 5s.ol928
PittaMoKA Ylstgu08.1932
2d guards.
1934
McKees A B V latg 0s 1918
LN A A Oh
M
A-0
A-O
A-0
Registered.
MoK’pt A B V
9** NY Cent
Ilex Cent cons g 4a
1911 J-J
1st eons ino g 3s
a 1939 J’ly
:
......
131
......
108
......
IOO*
104
196
74*
General gold 4a
Montgom Div 1st g 6s..1947
8t L A Cairo ooli g 4s..e
•
98*
Apr *06
Mich Cent 5a
98
98*
98*
99*
26* Apr *09
77
Mar*10
80
Feb *08
100 Maj’io
i*i
118
101
184
?6
98
Sale
98
97*
82
*2
bale
102
79
♦
Jan 0?
Peb’lQ
May'10
May‘10
Mario
98
93
S3*
.
e3*
Regia 35,000 only
104*
100*105*
110* Apr *09
106
Mar’10
106
5.00
3ate
Sale
111111 "»8*
Ill
Sale
84
84* 8au»
mm iiT*
95* Nov*0»
93*
94
94* Mar* 10
87 * May’10
HO
99
113
106
111
11
Mar*06
May’10.
Feb’iO.
106
Sep’09
96* 96
*3*
84*
102*
Jan*10
98
100*
118
106
By 1st oon g 4s. 1096 A-O
1996 A-O
Registered
DivT 1st IA gen g4a...1944
10-25 year oonv 4a.... 1932
PooahO A CJoint4a..1941
CCA Tlstgug6a
1922
Sole VANE 1st gu g 4s 1989
North Illinois See Cm A N W
North Ohio See L Erie A W
Ner Pae—Prior lien g 4s..1997
r
.
Registered
87
90
108*108*
96** *96**
99
J-D
J-O
J-J
M-N
93
**93 *
108
97*
98 *
98*
122
131* Jan ’09
107* Sale 107*
107*
106* 105 Jan *08
106
103
87
10 107*110
i02 * Feb* l*u
101* 102*
80* 91*
86* May* 10
100
92
J'ue’09
115
125
102
J’ne’09
Feb’08
90*
91
90*
88
88*
92
92* Sale
92*
93
92*
Sale
ill* 113*
109
102
122
120
..1J.00
Apr’IG
102
92*
90S
3*1 90
Apr’io
89
92
92*
92*
95*
96*
99
90
87
90
7
18
92*
93*
109** Oet’»07
100 Deo’09
130* Jan’09
ill*
109*
35
90
[115
Oct *09
119
99
98 V 98
90
”87**
Jan’lu
Dec *09
J’ne U8
87
Apr’iO
91*
91
100
98* Sale
J*ne?06
98*
*9*0*’ Safe*
100
90
91
90* 92*
99
iUu*
90*: 92’*
98*
Dec’09
90
100* 101 * 100*
101*
98*100
99* May’10
90* 102*
100*
99
82
131* Sals 131* 123
98* sale
98*
98*
113*110* 116 Jan’lo
1107
90*.
Aug’uU
96
130*135*
80j 97*103*
116
110
96 May’10
‘101*J ue’00
96
98
...400
2^123
...
101
101
May’10
123*
126*
126*
ilar’io
May'10
132*128
120
..123
90 I 98
F-A
Registered ceruiU?s..l923!Q-Fk
St Paul A Dul 1st 6s....l031|F-A
2d 5s
1917!A-0
1st consol gold 4s
1968 J-D
Wash Cent latg4a
1948 Q-M
Nor Pao Ter Co 1st g 6s..1933 J-J
Nor By Cal See So
Nor Wla See OStPMAO
Nor A Mont See N Y Cent
f*o
120*
3
96*1
98
I
100
97
97
Apc’lo
5
92* Sale
92*
92*1
91* 93*
29
r
100
sale <100
99
108*
102*
88
b8*! 88*
88*1 4! 88* 99*
104*
106 Apr’io
104* 100
95
90*
90*May’10
92*
97
”
....
101
Sale
71
Sale
101* 32
May’10
71* 32
72* Feb’10
99* 102*
101
99*
llS
101
74
97
Mar’10
72* 72*
96* 97*
99
Feb’10-
90
99
May’10.... 116
118*
117
117
11/ Feb *10
117* J’ly '07!---.;
103* Mar io .... 103* 103*
| 96* Apr’io .... 90* 97*
120
116
114*
91
110
99
70
70
71
DulShortL lstgu 5s.. 1916 M-8
101*
•?124* 126*
4123 124*
98*! 99
4s....1996'
C B A Qcolltr4s fieeGtNon
St P Ait P gen g 6s
1923
i 92*Jau’09;....
......
113
Deo’09
1
OIndAW See O C G A St L
hie Riv RR See Balt A O
Ore A Cal See So Pao Co
Ore Short Lone See Un Pao
Oswego A Rome
See NYC
pao Coast Co 1st g 5s....1946 J-D
X
J-J
A-O
J-J
Jasper Branch 1st g 6s..
Moil M W A A11st 6s..1917 J-J
TAP Branch 1st 0s....1917 J-J
Nash Pior A She! See LAN
Nat Rys ol Mexpr I4*s 1957 J-J
Guar gen 4s....
1977 A-O
Nat ox Alex prior lien 4*8.1920 j. j
1st consol 4s
1951 A-O
New HAD AeeNYNHAH
NJ June RR See N Y Cent
N Y Bkln A Man Bch See 1
N Y Cent A H Rivg 3*s.l9l. J-J
1997 J-J
Registered
98* 99*
98*
Oct *02
03* May’10
Oct ’00
98* Feb 10
93*
*2047
St Paui-Dni Div g
110
17*121*
117*117*
.
J-J
Registered
1997
General lien gold 3s....a2047
87*
83* 88
84* 87*
102*102*
Dee *06.
117* May'10
90
96
#113
116* •117* Mar’10,.
90
87
May’10.
100
103* Mar’10
75 May’OS
Sale
94
88
Mohawk A Mai
N:
*8*
108*
N A W
.
83*4
98
111
4 U.00
100*
102*
73* 26 77* 81*
100
78
93* bale
90* 93*
80
84*
106*
100* 102*
99* 99*
.
00
98*
106
.
......
86
97* Apr’09
_
109 *v
100*
100* May'Lo.
100* 69* Mar’10
100
far’04
102
210 87* 90*
109* 109*
78
High
82*
79* 79*
98* 98*
......
.1.111 li>4*
100
Hu/n So Low
78
107
85
pl992 M-S
.
100
105
100
*98*
1940 J-J‘
N YA Put SeeN YCAH
N Y A R B See Long faland
f N Y 8 A W
See Erie
83
N Y Tex A M Bee Se Pas Co
100
1.06 Oct *09
Nor A South latg 5a
1941 M-N
92* 98 Apr‘10,
90
93* Norf A West gen g 6s
1931M-N
109
188* too* 18 108*118
Improvem’t A ext g 6s..l934 F-A
New River latg6a
188*107*
1932 A-O
L01V
81* 81*
97*
Since
January 1
181
i 82 87*
101
106
i*
■a181* 86*
1
Range
1?
79* May’10
79* Mar’10
98* Apr’lw
80*
Q-Mj 108*
1940 J-J
J
1961 M-8
latg 3 *s
....1952 SUN
20-year deb 4a
1929 A O
Bate A Star 1st gug 3a.1989 J-D
NY Ohio A St L 1st g 4a 1937 A-O
1937 A-O
Registered
100
See Southern
Registered.
1931
Registered
2861' J-J
N Y A Green w Lake See Erie
::
N Y A Her See N Y O A Hud
101
101
NYLaohAW See D L A W
104
109
NYLEAW See Erie
76
81* N YA LongBr See Centof N J
.87
91* N Y N H A H—Conv 5s.. 1948 J- J
Conv deben 3*e
1956 J-J
93
100
Housatoalo R con g 6a..1837 M-N
N H A Derby oon oy 5a.l918 M-N
98* 98*
NYA North See NY C A H I
N Y O A W ref latg 4a..pl992 M-S
97*100
131
9g*Jam’lo
97 * oals
O-JT
fieeN YCAH
Monongaheia Biv See B A O
Mont Cent fieeStPM&Al
Morgan’s La A T See S P Co
Morris A Essex See Dei LA W
J-J
J-J
Registered
LASlatg 3*8
75** *77**
100
J-J
1931 M-S
Registered
96* 98*
27* 31*
31*May’lu
87
80
Guaranteed g 4s.......1931 J-J
MAO coil 4s
98
4s
90
A-O
J-J
M N
M-S
j-j
J-D
O-J
M-S
F-A
20
08* May’10
83
97*
geld'di**.*.".*”***
Mob J A K C 1st eons g 6e. 1963
Mob A Ohio new gold 6s.. 1927
1st extension gold 6a..h
..••••
96
J-J
A-0
Debentures 4s
1931 M-N
West Shore 1st4a gu...23611 J-J
Dee M A Ft D 1st gu 4a...’35 J-J
•linnA StLgn EesBCRAN
J-J
J-J
Minn On See St P M AM
Sgen oon g 5al931
Gen oon stamp gtd g 5s 1931
......
100
M-N
M-S
8t L It MA
06*
98
104
20
70
Hex North let gold 6a....1910 J-D
Mloh Oent fiwn Y Cent
MklefNJ See Brie
UHLS AW Bee Ohio A N W
MBA North See Ch M A StP
Mann A St L let geld 7s.. 1927 J-D
Psotiie Ex let gold 6s...1921 A-O
J-D
F-A
J-J
A-0
06
29
M-S
J-D
F-A
1st ext
.1044 M-N
M-8
J-J
e f 4*e
St L Div let ret g 4a.. .2001 A-0
M-N
Del A We 1st gu g 5e.
F-A
Kan C A Pao 1st g 4a.
A-0
Mo KAN 1st gu g 5a.
M-N
M-S
J -D
Slier 8h A bo 1st gn g 5e
U-S
Tex A Okia 1st gag 5a..
M-N
Mo Pacific 1st con g 6a ..
M-S
M-S
F-A
M-S
40-year gold loan 4a..
M-N
MS
F-A
Cent Br By 1st gu,
J-D
Oeu Brandi U Plat
98
08* 98*
2d eese me g 3e trust roots
Hex Interest 1st eon g 4s. 1977 MB
Stamped guaranteed
95
1997 J*D
1928 M-8
^1031 M-N
Debenture g 4s
25-year g 4s
Weekfs
Range or
Last Sale
ASk Loir
78
BWAOTBlatgug 6a. 1918 M-N
Jan ’09
May 10
May’10
Price
Friday
June 3
Bia
N Y A Harlem g 3**...2000M-N
N Y A North 1st g 6a...l027 A-0
N Y A Pa 1st eon gag 4s 1993 A-O
Nor A Mont 1st gug 5S.1916 A-O
Pine Creek reg guar 68.1932 J*D
B WAOoonlatext5s.A1922 A-0
Oawe A B 2d gu g 5a...«1916 F-A
166* Dec’09
A-O
M-N
•sft*
g3*s....1908 F-A
Registered
1998 F-A
Beech Creek 1stgug4s.l936 J-J
Registered.
1936 J-J
2d gu gold 5s
1936 J-J
Beech Cr Ext lstg 3 *8 61961 A-0
Cart A Ad lstgu g 4s... 1981 J-O
Gouv A Oawe 1st gu g 5s 1942 J -D
Moh A Mai 1st gu g 4s..1991 M-8
N J Juno B gu 1st 4s...1986 F-A
Nov’06
Nov’09
May’10
Apr’10
j€fe
Mich Cent coll
101* Dec’08
110*Nov’06
Apr’07
169
97
113
114
98
100
3-2
High N Y Cent A H H—{ConJ
81 94* 100
94*
34*
BONDS
Since
January 1
Bian Ne
Lott
Mange
108
10S* 190
100* 111
109
—j
109 *
113
94* 94*
89* 91
94*
J'ly’04
94 *
99*
83*
89*
102* Mar’lu
83* 84 May’10
89
89*
88
02*
F-A
81
F-A
79*
110*
108*110*
H6*May’07
H7*Mar’06
U5*
low*
M-N
108
*v
May’10
03
sate
80*
19
93*
95*
7
88*
92*
...‘101* 102*
82
86
...
89
89* 32
88* May’10'
92 *
30
93
88* 92
80*
»8*
92*
79*
79
96*
96*
30
82*
81
MaTlO.... ! 78* 80*
of Missouri See Mo Pao
Penn RR lat real eat g4s.l923
Consol gold 5a
1910
Consol gold 4s....
1043
Convertible g 3*8.
1012
Convertible g 3*s
1915
Consol gold 4s
.1948
Alleg Val gen gu g 4s... 1942
105
106*104*
104*
104* 108*
ac
103
103* May’10
J [103 *103*
109* Jan ’09
M-8
106
Feb’10
100
100
M-N 100*
99*
99* 100V 25 99* 102
M-N
05*4 Sale 1 95*
95*204 93* 97*
J-D
M N 102* Sale 102* 102*
9 102* 104*
102* Apr’10
H02* 102*
M-S
90
DRRRABgelstgu4sg.’36 F-A
Deo
PliilaBal A W lat g 4s.. 1943 M-N
103*
’09...
Sod Bay A so 1st g 5s...1924 J • J
100
102
Jan’03..
UN JRR A Can gen 48.1944 M-S 101* 103* 103* Alay’i o!..
103*104
106
103
Penn Co—Guar lat g4*8.1921 J-J
104* May’10!.. 1104 106
103* FeO’lOi..
103* 103*
Registered
..1021 J-J
00 I 90* j 'ne’00..
Guar 3*s coll trust reg.1937 M-8
'
Goar 3*a coll tr aer B...1041 F-A
89*
89* 91*
May’10
89*
Tr Co oertil's gu g 3*8.1910 M-N
90 *u 97*
90* 00* 00* Muy'lO
Gu 3*a tr ctfs O
90
90
90
1042 J -D
Jan’lo
M-N
.
.
.
_
....
..
..
..
Gu3*s tr ctfsD
illlSCELL iNEOUS BUNDS—Continued on Next
1
1044 J-D
91
Deo *09L.
Pago
Coni and Iron
Butt A Susq Iron s 15s....1932 J-D
Debenture 5s
a 1926 M-S
Ooi * Oo i Co gen s 1 g 5s. .1943 F-A
99* Nov’09
95*100
90* 97
77* 78
Convertible deb g 5a....1911
Col IndulstA coil 5s gn..l934
Contin’taiC 1st81 gu5s g.1952
Gr Rxv Coal A C 1st g 6s.. 1919
Jett A Clear C A 11st g 5s. 192b
Kan AHCAClstsfg 5s. 1901
Pooah Con Collier lsts f 5s.’57
F-A
F-A
F-A
A-O
J-D
J-J
J-J
Sunday Creeic Co g 5s....1944 J J
Tenn Coal gen 5s
.1951 J-J
Tenn Div 1st g 6s../..al917 A-0
Birin Div 1st consol 6s.. 1917 J-J
Cah C M Co 1st gu g 68.1922 J-D
De BarC A 1 Co gu g 68.1010 F-A
Victor Fuel 1st s t 5s......1053 J-J
Valron Coal AColst g 58.1049 M-S
•No price
94
97
96*
odhi
78
May’10
i07* uec*U4
102* Apr’00
107
May’97
99*100
105* Dec’06
83
78
85
105
106
•••••
107,
.
......
mmirLp,
88
*05* Sale
”*9
fttanulaoturiag A Industrial
_
00
93
08
96*
77
82*
I06
100
HO
1
83
83
Apr’10
105*107
Max’io
Jan ’09
Jan l
100
107
106
100
ioo
87
Aug’09
04*
Allis-Chalmers lat 5s
1036 pr.j
Am Ag chem 1st o 5s
1928 A-O
Am Cot Oil ext 4*s
1015
Am Hide A L lat a t g 6s..1019
-s
Amor Ice secur deb g 6s.. 1926 A-O
Am Spirits Mfg lat g 6s.. 1916 M-S
Am Thread lat col tr 4a..1919 J-J
83
Feb’07
Friday; latest bid and asked. aDneJaa ODneFeb
_
102 * 104*
101*103
•
May’ll
100
83
_
Dec’09
”4
e
Am Tobacco 40-yr g 6s.... 1944 A-O
4s.
1851 F-A
Seth Steel 1st ext sf 6s.. 1926 J-J
lent Leather 20-year g 58.1925 A-O
onstlTobaooo g 4s
1961 F-A
com Prod Ref s t g 6s
1931 M-N
1st 25-year si 6s
1934 M-N
natal SeoCor oonv 1st g 5s.’27 A-O
El duPont Powder 4 *s.. 1936 J-D
.
77* 78* 77*
101* Sale 101*
78
90
00 Sale
96
100
99*100
May’10
71* 73* 73* May 10
04
94*
Msy’lt
03
92
May’10
106* Sale 106
106*
78* Sale
78*
79*
87
86
80
8?
99
99 Sale
99*
79 May’10
79
04
96* 94* Apr'10
04* 96
Sale
Sato
68
87
95
25
101*
68
05
69
87
87*
8
i
f
t
77* 84*
100* 103
96
100
70
94
90
pDne J’ne h Due J’ly fcBne Aug
73*
96
03*
73 104* 109
6!i
76* 86*
10
80* 89*
59
98* 102 '
.
...
....
4
24
0
,
70* 83*
97
j
93* 86* ;
94
68
87
74*
88*
1
04*100
Dne May
98
102
•
Due Oct
v
Du# Nov f Due Deo
^Flat»
j
1476
New York Bond
Record—Concluded—-Page
|VOL.
4
BONDS
Price
Pridav
June 3
N. T. STOCK EXOHANGK
Wkek Eyotno June 3
Pennsylvania Co—(Con)
WeeWe
or
Range
«3
Range
®S
Since
Last Sale
t
BOND*
N. Y. STOCK EXCHANGE
Week Exdino June 3
January j
Pnc*
SVidav
June 3
Bid
Aek Lino
High ifo Laic mgs
Guar 16-26 year g 4s....1931 A O
984 974 May’10 ..... 97 4 00
8o Pac RR 1st ref 4s
1955 J-J
Cl A Mar let gu it 4 4s..1935 M-N 101
110
Jan *05
Southern—1st con g 5s.... 1994 J-J
Cl A Pgen gu g4 4saer A.’4‘2 J-J
105 4
1104 Jan *09.
Registered.
1994 J-J
Series B
1942 A-O 105 4
1094 J'ly’09
Develop A gen 4s Ser A. 1956 A-0
Series C 3 4s
1948 M-N
90
96
Aug’09 .
Mob & Ohio coll tr g 4s.. 1938 M-S
Senes D 3 ‘as
90
90
I960, F-A
May*08
Mem Div 1st g 44-6s... 1996
J-J
Erie & Pitts gu g 3 4s B. 1940 J j
DO
92
Apr *07
St Louis div 1st g 4s
1951 J-J
Series C
1940 J. J
90
984 Apr *04
Ala Cen R 1st g 6s
1018
J-J
Gr R A l ex 1st gu k4 4s 1941 J-J
H
105 4
104 4 Oct *09
Atl A Danv 1st g 4s
1948 J-J
Pitts Ft W A C 1st 7s...1912 J-J
105 4.
106 Apr’10
106
106
2d 4s
1948 J-J
2d7s
1912 J-J
105 >4
105 4
105
Atl (ft Yad 1st g
4
1949 A-O
guar
4s.
3d 7s.
*1912 A-0 105
107
Oct *08
Col A Greenv 1st 6s
19161 J-J
Pitts Y& Ash 1st con 6s. 1927 M-N
108
109
109
100
May’10
E T Va A Ga Div
g 6s.. 1930 J-J
PCC A St Lgu 4 4s A... 1940 A-O
108
l074Ja»,10
Con 1st gold 5s........1956 M-N
I10741O7V
Series B guar
1942 A-0
1064 Apr*10
106 41074
E Ten reor lien g
1938 M-S
5s
Senes C guar
1942 M-N
UNI
112 4 J’ne’06
Ga Midland 1st 3s.
1946 A-O
Senes D 4s guar
99
1945 M-N
98
Mar* 10 ••• 93
93
Ga Pac
Genes E 3 4 guar g....l949 F-A
By 1st g 6s
1022 J-J
94
944 94 Mar’10
04
04
Knox
A
Ohio 1st g 6s...1925 J-J
Series F 4s guar
1953 J-D
Mob A Bir prior lien g
5s 1945, J-J
C St L A P 1st con g 5s.1932 A-O
Ill’s 112 4 lil’sMay’lO — 1114112
M ortgage gold 4s
Pensacola A Atl See LA Nash
1945; J - J
Rich
A
Dan
con
6S....19161
g
J-J
Peo A East See 0 C C A St L
Deb 5sstamped
Peo dr, Pek Un 1st ft 6s....1921
1927 A-0
112
FebTO
112
112
Rich
A
Meek 1st g 4«...1948 M-N
2u K-old 4 4s
01921
90 4 100
1004 Dec *05
So Car A Ga 1st g 6s....1919 M-N
Pere Marquette—Ref 4s.. i 955 J-J
75 4 754 Apr’10
79
754
Virginia
51 id ser C Os—1916 M-S
Oil A W M 6s
1921 J-D
101
1014 Mar’10
1014 1024
Series D 4*5s
1921 M-S
Flint A P .M u Os
1920 A-O
112 4
107
Series K 5s
11141124
1926 M-8
1
1st consol gold ds
1939 Wl-K
102
Dec’o1.
105
General 5s
1936 M-N
Pt Huron Div lstg 5s. 1939 A-0
1038* 105
....' 105
105
Guar stamped
1936 M-N
SagTusA 14 lstgug 4s.1931 F-A
W o .ft W 1st cy gu
Phil B A W See Penn HR
4s..1924, F-A
WestN C 1st con g
6s..1914; J-J
Philippine Ry lsi 30-yr s 14s’37 J-J
90
90
90
3
90
90
SAX Ala
See LAN
Pitts Cm A St L see Penn Co
Spokane Internal 1stg 5s 1955 J-J
Pitts Cleve A Tol See B A O
A of St L 1st g 44s.. 1930 A-O
Pitts Ft W A Ok See Penn Co
i ,1st con gold
5s—*1804-1044. F-A
Pitts McKees A Y See N Y Cen
Gen refund s t g «s
1053 J-J
Pitts Sh A L E 1st g 5s...1940 A-O 109
114 4 112 May’10
112
112
8t L M Bge Ter gu
g 6s.l930 A-O
1st consol gold 5s
1943 J-J
Tex A N O See So Pao Co
934
J’ly
’87
Pitts A West See B A o
\
Tex A Pac 1st gold 5s
2000] J-D
D eadlng Co gen g 4s
1997 J-J
98 Sale
60 974 100
2d gold Inc 5s
974
98
o2000 Mar
It Registered.
1997 J-J
La Div B L lstg 6s
974 Apr’10
974 974
Jersey Cent coll g 4s...1051 A O
954
May’10
954
974
WMinWAN
Wlatgn&a’30
F-A
Rensselaer A Bar See D A H
ol A O O 1st g 6s...
1935 J-J
Rich A Dan See Soutii Ry
Western
Div
1st g 5S...1935 A-O
Rich & Meek See Southern
General gold 6s
1935 J -D
Rio Gr West See Den A Rio Gi
Kan A M 1st gu g 4s
1990 A-0
Roch A Pitts See B R A P
Tol P A W 1st gold 4a—.1917: J* J
Rome Wat A Og See N Y Cent
Tol St LA W prneng34s.l925 J-J
Rutland See M Y Cent
60-year gold 4s
1950 A-O
C»g Tus A H See Pere Marq
CoU tr 4a g Ser A..
1917 F-A
OtJode Gr lsi 1st g 4s...1947 J-J
89
90
90
May*
10
94
Tor
Ham
A
Bod
1st
g 4s. *1946 J -D
•St L A Cairo See Mob A Ohio
I J later djbDel 1st oon g 6s 1928 J -D
St JL A iron Mount See M P
sJ
1st refund g 4s
1952 A-O
St DM Br See T RR A Of St L
Un Pac RR A l grg48—1947 J-J
St Louis A S F—Peng Os.1931
J-J
120
124
120
Apr’10
Registered
.....1947' J-J
General gold fiei.
1931 J-J
105
Bale 105
105
***2 105 1084
20-yr conv 4s.t;
1927 J-J
9t L A S F RR <pns g 4s..’90
90
Mar’l'
86V 89
00
1st A ref 4s.
014
.02008 M-S
Gen 15-20-yr 6a ......1927
87 4 Sale
M-N
87 V» 90
ore Ry A Nav con
874
fe'i’s
g 4s. 1946 J-D
bouthw Div 1st g 6s..1947 A-O 1004
10u4 Apr’10
Ore Short Line Istg6s..l022 F-A
1004 1004
Reiunding g 4s
8L
sale
1951 J-J
81
814 74 81
1st oousol g 6s
85
1046 J - J i
KC Ft S A M jsong Os.. 1920 M-N 114
115
114
May TO
114
Guar refund 4s
1174
1029 J-D
K O Ft S A A1 Ry ref g 4s 1930
A-O
78V 78*i 784
*14
>84
Registered
774
824
1020 J-D
KC A M Rdb B 1stgu68.1929 A-O
98
1004 Dec 00
Utah A Nor gold 6s.. 1926 J-J'
Oz'rk A Oil C 1st gu 5s g.1913 A-O
974 964
"*2
Uni
y«4
N
J
RR
A C Co See Pa RRi
964 97
St Louis Bo
See Illinois Cent
Utah Central See Rio Gr Wes'
St L B W 1st g 4s bd ctts.1090 M-N
91
Sale
91
91
14 884 934 Utah A North See Un
2d g 4s mo bond otfs...pl089 J-J
Pacific]
814 &3
«14 May’10
&0 4 82
Utica A Black R See N Y Cent'
Consol gold 4s
1932 J D
764 Sale
764
764 20 764 794
Gray's Pt Ter 1st gu g 6s 1947 J-D
05
1014 Apr'07
era CraaAPlstga44sl034 J-J
St Paul (ft Dul See Nor Pacific
Ver Val Ind A W See Mo P I
St P Minn (ft Man See
.
.
.
'"***
....
2(10541054
•
• •
•
......
_
.
JK
1
......
-
•••
1931'J.J
*95*4 llllll
•
•••
.6!i
•
since
30 V3
January l
....
104 4...
109
Feh’lO
|110
110
May’10
111141144
112
106
65
105
...
65
111
J’ne’09
1084 110
114
104
io5* lot
104
106
102 4
....
!;i06
Feb’" o
II
Nov’09
1124 Apr’10
1074—.
1044—.
105* 1074
1044
106
1124 1134
1134 U4 4
1144 Feb".0
115-4 Apr’06
82
Xov’OS1
1064 Apr’10!
1054 May’10'....
75
Oct ’08
1034 Mar’lo
112
110
106*4 166*^
105
1074
103 4 104
Oct’06
1084 Deo’06
1074 Deo’09
105 4
1054
1074 107
Dec’09
91
Feb’10
6 106
....
H 91
10641064 l(J64May’lo
41074
91
(1054 l064
j'
1064 Sep ’00
1074 Apr’10
1074 1074
112
May 10....112 116 4
974 974 MayTO ....It 97
98
109
May'10.... 109 109 V
...
....
116
95
1064
110
Sal*
60 4 70
110
70
00
110
4,109
Mar*10
Sep *09
1064 Nov*04
112 V
IV
....
103
100' 1094
105
100
103
112
MariO
....
B«p*09
• •• •
10741124
1044 MayTO
87
914
93V
904
79
84
....
844 May’lo1
004 Mar 10' ...J
1
874
106
Jau’io
86
Oct *09
101
1014
99 4
100
il)f * sale
094
1024 sale 1024
96*4 Sale
964
......
044
113 4 Sale
944
1134
1114 ill
03
Sale
....
93 4
Jan *09
90
106
91
106
1104 1134
92
044
21
107 4 Dec *09
——
00
784 81
834 86V
74 994 102
4 9841014
105 976 1024 1164
96 4 85 06
084
94 4 20 944 984
U4
6 U34 117
MaylO
924
04
1054
88
....
....
102
110
904 1044
904 044
92
034
1
...
•••••e
•••
\J andalia consol g 4s ....1955 F A
.....
Gt Nor
08
96
924..
Nov’08
....
06
06
Virginia Mid
80
*83
99 4
72
84
80
89
100
100
100
102
102
83
A-O
M-N
F-A
M-S
J-J
J-J
J-J
J-J
J-J
J-J
J-J
86
104
08 4
99*4
73
93
86
Oct '09
84
09 4
72
83 4
May 10
094 *6
73
0i4 Mai’10
103
Apr’10
1004 May’10
104 4 Mar’10
1044 1044
106
106
904
91
90
90
DO
pl929
984 Sale
964 964
984
96
88
97
88
Tex&N osabDivlst g6s.l912 M-S
Con gold 5s
1943 J-J
j
sale
894 93
1064108
1004
964
Feb’10
88
105 4 May’09
1064 1054d an’io
110 4 Sale 1104
1104
109
l09 4Nor’09
93 4 96 4 944Apr’10
1194 Mar’lu
100
107 4 Jan 09
122 4 Aug’08
......116
112
104
1004
1004
107
......
1004
84
6
3
1011
18
6
91 4 May’10
106 4 May’10
1044 sep ’00
104
110
'*‘i
Apr’10
904 Sale
Cent Pac 1st ref gu g 4s 1949
Registered
1949
Mort guar gold 3 4s.. *1029
Through St L 1st gu 4s ’54
G H A S A M & P 1st 5s..1931
Gila VGAN lstgug6a. 1924
Rous E (ft W T 1st g 58.1933
1st guar os red
1933
H <ft T C 1st g 5s int gu..l937
Consol g 6s int guar...1912
Gen gold 4s int guar..1921
Waco (ft N W div 1st g 6s '30
A <ft N W 1st gu gds
1941 J-J
Morgan's La A T 1st 7s.1918 AO
1st gold 6s
1929 J-J
No of Cal guar g 5s
1938 A-O
Ore (ft Cal 1st guar g 6s. 1927 J-J
So Pac of Cal—6s E A F.1912 A-O
1st gold 6s
1912 A-O
1st con guar g 6s.
1937 M-N
8 Pac of N Mex lstg 6a..1011 J-J
So Pac Coast lstgu 4s
g.1937 J-J
31
3
834
J-D
P1949 J-D
M-S
F-A
F-A
J-D
A-0
M-N
M-N
M-N
M-N
J-J
A-O
A-0
M-N
7
03
1014
100
Nov’06
Feb'07
Mar09
1044 J’ue’08
1144 Dec'04
116
May’07
101 Mar’10
i 00
J’ly 09
1014 May’10
102 Noy09
...
....
|
!
J-J
J J
See South Ry
VaA Southw’t 1st gu 58.2003 J-J
1024 111 110 Oct *09
1st cons 50-year os
044 97
98
1958 A-O,
May’10
I'yf
994
86
884 wl
1st gold 6s
1939 M-N ] 10|) 4 110
1094 100 4
1 10 7 41134
VV
2d gold 08
100 4 1004
1939 F-A 100
10 L
0 100
1034
II
Debenture series B
86
100
1030 J-J
300
Dec *09
1st hen equip s fd g 5s..1021 M-S
...... 10L4
101
102
1st lieu 50 yr g term 4S.1054 J - J
834 86
| b2
86
90
—.11 00
1st ref and ext g 4s ....1956 J-J
994 1004
66 *4 Sale
664
772 6U 4 774
Det A Ch Ext lstg 6s..1941 J-J*
704 734
iu74Mar’l0
lo7 4 1074
80
87
DesMoin Div lstg4s.. 1939 J-Ji
83
Dec’U9
Om Div 1st g 34s
91
70
914
75
1941 A-O
Apr’10
i 75
76 4
Tol A Ch Div lstg 4s... 1941 M-S
103
103
804 86
00
Jau'10
j 00
00
Wab Pitts Term 1st g 4s. 1954 J-D
1 30 Me
37
384 52 4
Trust co certfs
1004 1004
I 37 Sale
37
37 37
54
2d noId 4s..;
104
1
1044
1954 J-D
44
4
114
Trust Co certfs
1044 1044
1....
44
64
i
44 124
Warren See Del Lao A West
106
106
Wash Cent See Nor Pao. 1
Wash O A W See Southern
Wash Terxnl 1st gu 3 4s..
1945, F-A * 884
884 00 4
West Maryland lstg 4s
90
05
1952 A-O
83^ 84
84
844! 9 84
864
Gen A conv g 4s
86
00
1952 A-O
71
73
Trust Co certfs
9841064
1
684 74 4
W Va Cent A P 1st g 6s 1011 J-J! 100
96
074
10.0 4 100 4 Nov’09 ....|
97
97
West N Y A Pa 1st g 6&..1037 J-J
108
no
1094 May’101” .JI1O0 4 1104
Gen gold 4s.
88
894
1043 A-0
92
Mar’10
..'I 004 92
Income 5s
<tl043iNovi
914 94
34
Feb’071
10641064 West No Car See South Ry
Wheel’g A L E 1st g 5S...1926 A-O
104
1044 Feb TO1 ..11044 1044
Wheel Div 1st gold &S..1028 J-J i
104
104
Jan TO1.
104
104
Ex ten A Imp gold
1*0*6**
00 4102
09
5S...103O, F-A
May’10.. ..'I 09
99
RR 1st consol 4s
1004 1104
1040 M-S'
80
81
May 10
81
874
20-year equip s f os ...1022 J - J
99
Deo’08
94
084 Wilkes A East See Erie
11941104 Wii A Sioux F See St P M A M
WiaCeut 50-yr 1st gen 4s 1949 J-J
00 4 Bale
91
904
27 90
05
SupA DuldivA term 1st4s*36 M-N
80 4 01
00
May’10 ...J 90
04
•
•••
1
;
st P (ft Nor Pac
See Nor Pac
St P *ft S’x City see C St P M Ao
S A & A Pass 1stgng4s... 1943
8 F (to N P 1st sink 1 g 68.1919
Sav F & West
Am All Coast L
Scioto Vai A N K See Nor A W
Seaboard Air Line g 4s ...i960
Coll tr refund g 6s
1911
Adjustment 5s
ol949
Ati-Birin 30-yrlst g 4s.*l933
Car Cent 1st con g 4a... 1949
Fla Cen A Pen 1st
g 6s. 1918
1st land gr ext g 6s ...1930
Consol gold 5a.
1943
Ga (ft AJa Ry 1st con 6s ©1045
Ga Car A No lstgug 6s 1929
Seab (ft Roa 1st 5s..
1920
Slier Slir A So See M K A T
Sil Sp Oca (ft G See Atl Coast L
Southern Pacific CoGold 4s (Ceut Pac coll)./cl949
Range
5 P
or
Last Sale
....
ff’er
•
Range
-o
*
•
•••••
•
Week's
Bia
ask Lmo
Rian So J,otv Pigti
04 4 Sale
944
944 100 94
054.
105
Bale 105
1054 21104 .1114
110
May’09
76’8
764
774 162 764 814
86
87
87
'I 87
90 4
Msy’10
103 41074 110
•110
110
Apr to
82
814 Msy’10
I 80 4
87
106
108
Sep ’08
91
924 Oct '09
83 4 85
92
J’ne’06
•
......
Registered
20-year cony 4s
LXXXI
■■a
i*0*5*4
..
.
::::
Telegraph and Telephone
....
•••••• ••••••
....
•
....
101
•••*••
••••••
Am Telep A Tel ooll tr 4s 1920 J - J
Convertible 4s
1936 M- S
Mich State Telep 1st 6s ..1024 F-A
N
loi
••••1 1014 i'024
YTelep lstAgensf 44s.’39
Pao Tel A Tel 1st 6s
1937
West Union col tr cor 5s.1038
Fd and real eat g 44s...1050
'
Conv is, Series A
103 6
M-N
J-J
J-Ji
M-N
90
99
91
i
Sale I
07 4 08 4
964 8ale I
07
Sale j
904
904' 10
101
231
00
99
98
964
064
08 4'
1
97 4 160
97 i 27
08V
834
984
884
964 100
874 93
99
98 4
03
1064
99
064 99
064 004
094 99
99 4
8 09
100 4
064 064May’10...J 05
07 4
M-Ni iooy 102 looy 10L41 12 10041024
...
MISCELLANEOUS BONDS—Concluded.
Manufacturing & lnduatria
Gen Electric deb g 34s..1942
10-yrg deb6s
.1917
Int Paper Co 1st con
g 6s.l91s
Consol conv s f g 5s
1935
Int St Pump 1st s f 5s....1029
Lackaw steel 1st g 5s....1923
Nat Enam A Stpg 1st 5s.. 1929
N1 Y Air urake iSt conv 6s *28
Ry Steel Spgs 1st s f os... 1921
Repub 1 AS lstAcoltrds.1034
F-A
J-D
F-A
J -J
86
M-8
A-0
924
J-D
M-N
J-J
A-O
Union Bag A P 1st si 6s..l93o J-J
*
80
03
86 *
03
064
07
96
1044 Sale
06 4
......
Stamped.
Us Leath Co si deb g 6s..1913
U S Realty AI conv deb g5s *24
US Red A Ref 1st s t g 6s. 1931
U S Rubber 10-yrooli tr 6s.*JL8
IDS Steel Corp—J coup .<71963
SI 10-60 yr 6s. ( reg ..<71963
82
136
102
135
Sale
1014102
98
J-D
M-N
M-N
89
......
102
103
•
•
e•
86
03
Sale
87
6
1
89
3
Mar’10
May’lo
03
MayTO
1044 MayTO
^OiV
6*3
May’10
MayTO
06 4 May’10
1044
1044
074 May’10
104
104
934 03
06
M-N
J-J
J-J
Jan TO
139 4
894
884 Apr’10
■r
f
f
-
* *1
82
135
1474
101
106
84
82
804
924
964
954 100
05 4 974
102
1144
064 98V
103 4104
03
964
93.
964
1044 1044
7 88
944
88- 004
24 1024 104 V
1024 102 V ,102,4
Sale
103
104 4 316 103
106 4
1034 1034
7 1034 1064
,
e
•
•
e
Manufacturing A Industrial
Va-Car Chem 1st 15-yr 6s 1923 j.p
vV sating house E A Ms 16s *31 j.j
iUtscellaneo us
Adams Ex ooi tr g4s.
1048 m-s
ArmourAColstreaiest4 4s’30 j-u
Bush Terminal 1st 4s
1052 A-0
Consol5s
..........1055 j.j
Chic Jo A ct Yard col g 58.1915 j.j
DetM AMldgr incomes.. 1011 A-O
Institfor Irrig Wxs ,44s 1943 M-N
Int Meroan Marine 44«—1022 a-O
int Navigation 1st s 168.1029 f-a
Newp Ne Ship A D D6a<71090 J. J
N Y Dock 50-yr 1st g 4S..1051
Providenoe seo deb 4s....1967
Provident Loan Soo 44S.1921
8 Yuba Wat Co oon g 6a..1023
Wash Water Poyr 1st 6S..1039
No price Friday; Latest bid and asked this week, b
Dus Feb <7 Due Apr «Due May g Due J’ne A Due
J’ly
F-A
08V 994
884 Sale
93
954105
35
96
64
95*
83
M.N
M-8
j
.
93 4
014 Sale
874 80*«
UQ
*85*
40
Sale'
80
*0*i*
904
j
j.j
loo
103
93
Msy’10
014
914
884Mar’lO
98
Apr’10
100
Jau’08
40
Jan TO
97 4 Mar’10
64 ;
66
81
05
May’lG
20
02
934
014 944
884 80
064 08
40
37
40
964 98
63
714
80
83
.Deo'00
034 Mar’10
Msj'10
J’ly’09
112.. J’ly ’04
00
05
101
42
16
Feb’lu
fcDue Aug ©Due Oct p Due
*0*34 “«4**
00
90
...|toi
101
Nev^rOption Solo
CHICAGO STOCK EXCHANGE—Stock Record—Daily.
Salu may
May 28.
Monday
luesaay
May 30.
May 31.
jl
rUTLCSUUy
VW
0} the
June 3.
iamc lor Previous Y tar
hans/e .0.
Year 1910
( 1 r#('9»
EXCHANGE
Week
Shares
riursuuy
June 2.
June 1.
STOCKS
CHICAGO STOCK
Sales
STOCK v —HIGHEST AN L LOWEST SALE FRICKS
Weekly and Yearly
Lower,
H u)hev.
Ixiucs.
httaheSS
tfai’roads
♦170
185
*2
3
*5
51?
*70
80
*16
17
*8
10
*170
*2
*5
*70
17
*8
*4
*5212
*15
53
5512
9
*48
914
9l4
10
6
*24
*72
*16
25
76
18
55
17
54
58
50
50
97g
73%
9~8
7314
•
17%
•
234
*212
234
*2*2
512
80
*4
6
*24
*72
*15
55
*15
53
*55
185
3
26
76
18
56
17
53
56
9
54
Mch’10
185
2
May’10
5
May’10
77
May’10
16
16
15i2 16l2
Last Sale 8
May’10
Last Sale 3
May’10
Last Sale 2%
May’10
Last Sale 26
May’10
Last Sale 76%
May’10
Last Sale 19
May’10
52
*53
55
52l2
15
15
*15
17
*50
54
*51
53
55
*55
56
55%
9
9%
834
87g
*48
50
49
49
Last
Last
Last
Last
_
'
5
67
14
8
3
_
r-,
mm
^
Lt-_100
100
Metropol VV S Kiev...100
Do
pref
..100
41
100
100 Northwestern Elev
Do
205
100
prel
155 South Side Elevated..100
140 Streets W Stable C L.100
Do
55
pref
100
7
5
Feb f7
Jan 14
Feb 7
Apr 1
May31
50% Feb
8% May 25
45
May27
18% Mavl7
May 21
Apr 25
£4% Jan 3
104
Jan 6
M
C
A
=
a
O
70
*240
X
trj
o
a
<3
1%
6012
50
1%
*2
3
45
40
11834 119
41U 41U
120
120
PS
O
<
Q
63
*48
*1
3
*2
h-<
37
64
50
*48
*1
X
r*
;«
*35
03
r\
101? Dec
o
*148
113
150
15
16
1131:
*148
113
Last Sale 8
June’09
Ijast Sale '-4
June’OS
Last Sale 38
May’10
60
60
58
68
Last Sale 50
May’10
Last Sale l
Apr’10
21?
Nov’Ofl
40
40
39
39%
*148
150
113
148
150
15%
148
*14
15%
16
79%
Apr’10
'
*98
77
*44
X
a
9812
99%
71
*44
781,
59U
991*
♦
9S7s
7512
5919
57I4
5812
9934
99
99
*
21
*107
107% +105 '
122U 122%
122
108
108% 109
119
*118
119
10712 108
21
107
122
108
119
106% IO6I4
98%
72%
78
Last Sale 13%
Mch’10
58
58
57U 57r2
98
98
*9712 99 “
Last Sale 2%
June’09
*98
7212
95
99
78
Nov’Ofl
1/ist Sals 20
105
105
*106
108
*122
123
122% 123
*107
109
107% 107%
*117
119
*120% 121
10&34 10o34
104%
103
Last Sale 11-16 Mch’09
157
*120
105l2 10534 105
159
160
158l4
121
♦12012 121
*_
_
181
105%
181
*_
10412 10412
7
*612
10414 104%
*15
*15
6
6
18
18"
154
156l2 149
155%
Last Sale 121
May’10
105
105% 104% 105%
Last Sale 7 '
Feb’09
Last Sale 183
May’10
3% Dec
Do
15% Sep
Jan
Nov
47
17
63
6
Do
Apr’09
May’10
—-
Inter¬
Price
EXCHANGE
Week, ending June 3
est
Period
Friday
June 3
29% Apr
97
Feb
Amer Strawb’d 1st 6s_1911 F
Armour & Co 4Hs
.1939 J
Aurora Elgin&Chic 6.1941 A
Cal & So Chic Ry Co
1st M 5s
1927 F
Cass Av & FG (St L) 5s 12 J
Chic Board of Trade 4sl927 J
Chicago City Ry 5s...1927 E
Chic Consol Br & Mlt 6s___ J
Chic Consol Trac 4 v$s 193w J
Chic Auditorium Ist5sl929 F
Chic Doc* Co 1st 4s
1929 A
Chic Jc RR 1st M g os.1945 M
Chic No Shore Elec 6s.1912 A
Chic Pne Tool 1st 5s.al921 J
Chic Ry 5s...
1927 F
Chic Rys 4-5s series “A" A
Chic Rys 4-5s series “B’* J
Chic Rys 4-5s series ‘*C’ F
Chic Rys coll 6s...1913 E
Chic Rys Fund 6s
1913 F
Chic Rys Tem Ctfs 1st 5s
Chic R 1 & P RR 4s
2002 vt
Collat trust g 5s
1913 vi
-
-
-
-
-
A
D
O
WceJfi
Range or
Last Sale
....
102
Sale
m
—
102%
Apr'Oi
Apr’OO
b
94%
Dec’09
87
87
Feb’06
87
-
O
J
A
O
D
A
-
A
-
A
-
-
-
-
1st g 5s....July 1926 A Debenture 5s____1920 .11 Commonw Elect 5sM943 VIIllinois Tunnel 5?....1928 J -
J87
97%
88%
98
85
77
Sale
90
97% Sale
j\
b
O
High
Low
9934
94%
9934
91%
....
_
-
109.1 •
1017* sale”
-1--.
103
103%
102
20
*
....
-----
—
—.
—— —
m
v
-
—
—
—
m ^
^ m
Apr'10
102%
I66
102
100% Aug'09
10134 May’10
80
u
—
—
-
-
m
-
^
1
2
_
_
—
m
86
76
90% 91
97% 101%
7
——
—
84% 8734
C9&S 101%
9384 9518
15
-
w
a„
.
100% 10034
_ -
-.11
inii
liiitL
1017* 1027*
12
J'ne'08
100
100
S
s
97%
971?
9334 May* 10
77
77%
9012 Mch 10
97%
97%
101% July*09
100% Api'lO
661* Ang'OS
66% July'08
1017g
.
100
Apr‘10
T
__
100%
-4..-
....
_
.
.
10134 10234
Dec'08
Kan City Ry & Light
11 - N
A - O
J - J t—.
Feb
_
100
80
E - A
J - J
Morris & Co. 4H-.-.1039 J - J
North West El 1st 4S.1911 M- S
No W G-L & Coke Co 5s-28 Q - M
80% Sale
Ogden Gas 5s___
1945 11
Pearsons-Taft 5s
...1916 J
94
-
U M MA MJ J MJ -
80
--r
94%
N
D
Sale
99%
S
N
N
4.80s Series F
O
Peo Gas L & C 1st 6s. 1943
S
Refunding g 5s_.._l»47
J
Chic Gas L&C 1st 5sl937
D
Consum Gas 1st 5S.1936
N
Mut’i Fuel Gas Ist5sl947
J
South Side Elev 4HS.1924
Swift & Co 1st g 5s...1914 J - J
Union El (Loop) 5s._1945 A - O
Union Pacific oonv 4s_1911 n-N
94%
96
97
*mm
98%
103’%
96% Dec'09
May'05
80
80
80%
May* 10
Feb 17
Feb 4
110
38% Jan 20
May 17
47
137
Feb 31
Jan 3
142% Jan 21
163
Mcniu
1
$92%
Vw--
9234
100
90
6
1
94
2
85
80
80
84
80
891*
93%
96%
-
99
99
92%
96%
----
mmmrn
96%
96t2
97
97
98%
9812
10234 103%
103
102
Mch'l
101% Dec'09
92%
92%
100
May'10
88
Apr’10
80
9334
Apr‘10
100% Mch'09
96% Mch'10
97
FeD'lO
98% Mch’10
12134 May'09
10234 May’10
103
Apr'10
114
2
Jan
13% Jan
29% Jan
52
J ’ly
86% May
19% Dec
59
Dec
25
May
73
May
) 61 May
1 541- Dec
108
Dec
82
127
91
May 2
46
43% Mch
40
98
Aug
% J ne
% May
10
i 48
May
J’ne
51% Jan
1
Apr
2% Apr
•
20
115
125
May :
Mch 28
Feb 24
Feo 10
8
121
Feb
.an
0
Mch2>
Jan
V
;
<
162
103
152
Oct
Jan
121% J ly
8
186
106
May 2
5% Apr 28
Feb 18
Jan 6
153s Jan
3
16% Jan
22% Apr
1
25% Aug
i 88% May
130% Aug
88% Dec
Sep
47
j
Nov
j’ne
i 21
Tl9% Sep
118% Feb
Sep
108% Dec
124
Nov
119% Aug
?
1
Mch
169% Dec
.12184 oct
fl 14% Aug
82
110
102
3
55
101
Mch 14
109% Jan
*
977* Jan
J&n
Jan
Jan
%-Feb
- Jan
Jan
100% Jan
f
6
Feb
£
i!30
'
Jan
20
162
98% Jan
’105
119
Feb
334 Mch
15 ’ Feb
Oft
100
100
Jan
Jan
Jan
Jan
117
38
43
i
Mch3^
3
122
Jan 13
2% Nov
1
1
Jan
7
Jan 18
166% Apr 14
7
Dec
Jan
; 751? Dec
58
Apr
s
1
Apr
Sep
17% Feb
70% Mch
■
11534 J..n
May 6
j 40
Dec
117
107
i
Feb
115% Mch 23
104% J’ne 3
Jan
42
Jan
20
103
121
104
112
1
5
■
;
140
Mch
127
6038 May26
10234 Apr 20
Mch 17
J’ne 3
*
15% Nov
i 86
J’no
225*4 Oct
132
J’iy
} 811* Dec
|112
Sep
*145 Nov
Jan 13
2234 Jan
May 2
79% Apr 7
98% Mch 11
70
4
Feb
’
121% Jan 11
Mayll
1% Jan 26
112
101% Jan 25
Surplus
and ;
Profits
ing
Calumet National
Chicago City
Commercial National..
Continental National..
Corn Exchange National
D rex el State
Drovers’ Dep NationalFirst National
First Nat Englewood
Foreman Bros B k'g Co.
Fort Dearborn National
^Hamilton National
Hibernian B’k’g Ass'n..
2
104%
102%
94
92
10078
100
83
88
Nov*04
75
70
United Box Board col 6s'26
Apr’10
j - j
Nov'09
80
General mtge 6s_._
70
-Tv,
Western Stone Go 5s__ 1909 4.0
85% July'08
Note.—Accrued interest mu*t he added to ail Chicago h ond
70
70
iBfr
trices
$42,437
206.844
3,639,995
5,329,998
5.387,064
26,110
$100,060
500,000
x7,000,000
9,000,000
3,000,000
200,00U
600,000
200,000
10,000,000
408^157
32,820
0
1032020
846,775
123,181
250,000
471,992
64,671
1.238,632
354.249
77.268
69.631
23,681
200,000
13 022
Prairie National...
Prairie State
250,000
93,699
71,792
500,000
66^119
Ra’lway Exchange....
Security
South Chicago Savings.
South Side State
State Bank of Chicago..
Stock Yards Savings...
Union Bank of Chicago.
vVendell State
American Trust & Savs.
Central Trust Co of III-Chicago Sav Bk & Tr
Chicago Title & Trust..
Citizens Trust & Savings
Colonial Trust 5s Savings
250,000
300,000
12,763
Kaspar State Bank
La Salle St National
Live Stock Exch'ge Nat
Monroe National
Nat Bank of Republic..
0National City
National Produce
North Avenue State
North Side State Sav’gs
North West State.....
People's Stk Yds State.
Drovers'Trust&Savlngs
Farwell Trust Co......
First Trust & Savings..
Jan
Deo
Dec
1% Mch
1 9% Jan
| 25 Mch
f
300i000
200.000
200.000
1,500,000
250,000
169,998
507,949
411,718
(W)
Dividend Record
In
1908
6
10
ul2
8
12
Per¬
iod
6
10
nil
8
An
Dfec
J-J
Jan
Q-J
TO, 2
TO, 2%
TO, 4
TO, 5
Apr TO, 2%
Apr TO.1%
Teh 31*10,3t>
Mch31'10,2%
,
12
6
9
10
9H
6
6
12
12*
10
10
Priv ate Ba
8
8
5
5
8
8
10
10
Beg. b us. Ma
10
10+2
4
4
8
8
6
3
3
-
-
6
•
-
-
-
Q-J
Q-J
Q-M
Q-M
nk
’
\
J-J
J-J
TO, 20
V.90. p.1277
Jan
Mch31’10
2%
May '10,1
Apr TO, 2
Apr
10, 1%
'10,1
TO, Hj
Apr TO, 1%
Apr
Apr
Apr TO, 1
Apr TO,' 2%
6
Q-M \fch3lT0 1%
None c... Jan '08. 2
8
2
Vi
6
83.000
8.144 Beg. b
11
1,683.075
7
185,511
6
6
8
7
1H
6
4
8+2
7h
mmmm
-
Apr
'10,2
Dec31*09,2%
Q-J Apr TO, 2
Q-J
mmmm
181,113
200,000
42,688
50,000
8,138
291.262
3,000,000
918,005
2,000,000
n500,000
111,772
5,000,000 11,319,160
6,224
50,000
600,000
613,288
200,000
106,342
1,500,000
228,900
%
“OJ, 6
'10, 5
Apr
Q-J Apr
Q-J Apr
A-O Apr
y'10
Q-M
Q-F
Q-J
Q-J
Q-J
6K Q-J
6
Q-J
Q-J
Q-J
-
-
Lap, Paid
In
1909
-
----
Mn3lT0.1%
6
Q-J Apr '10,2
Sep t.'09 V. 89, p. 817
12
Q-J Apr TO, 3
8
Q-M Mch 31 TO, 2
6
M-N May TO, 3
None Q-M Dec31*08,1%
6
Q-J July '09.2
7
Q-J Apr TO.1%
6
Q-J Apr TO, 2
6
Q-J Apr TO. 2
4
A-O Apr9, TO, 3
us
8+2
8
3
13
2,500,000 02.784.677
5,245 Incorp orated
200,000
6
9H
1,250,000 1,370.962
5,000,000 8,297,282 16+4 16+4
6
6H
68,006
200,000
Kenwood Trust 5c Savgs
5
LakeVlew Trust*Savgs
41,100
4H
200,000
12
12
Merchants' Loan5sTr Co 3,000.000 5,558,206
6
6
Metro polita nTrust 5sSav
750,000
205,991
8
8
Northern Trust Co
1,500,000 2.236.860
6
6
Nortb-Western TrdsSav
61,782
200,000
8
8
Pullman Trust 5c Savgs.
220.217
600,000
23,437 Beg b us. J'ly
Sheridan Tr 5c Sav Bank
200.000
6
5
31,474
Stockmen’s Trust 5c Sav
200.000
8
*8+2
Union Trust Co
1.200.000 1,092,087
T 6
6
220.282
Western Trus; 5c Savings 1,000.000
90,052 Began buslne
West Side Tr5cSavBank
200.000
6
6
200,000 t 48.248
Woodlawn Tr5cSavBan.<
J
Guarantee Trust & Sav.
Harris Trust & Savings.
Illinois Trust & Savings
‘
.
T
150,000
1,000.00J
1.000,000
500,000
1,500,000
200,000
1,000,000
1,250,000
300,000
2,000,000
1,500,000
250,000
200,000
50,000
....
May’10
89% May’10
94
’94
102
—
Mch'09
96
80
16
99
94
5
Jan 11
Feb 4
15
64% Apr
101
139
r
3934 Jan
Jan
4
Jan
Jan
200
126
Jan 11
74
55
1
l
7134 Jan
A
142% Mch
148
119
Englewood State
....
^
m
E_
J’ne 3
Stock
t
J'ne'0)
May'07
9634 Jan’OJ
'
m
No
••
101% Oct'09
100
102
103
60
112
100
NAME
Range
for
91«4 May* 10
102
A
J
Telephone 5s
1923 J - L)
Commonw-Edison 5s. 1943 ,n- s
Chic Edison deb 6s_1913 j - j
4.60s Series
Feu
18
50
Jan
May 6
Apr 4
84% Maylo
Jan 26
Feb 7
33
77g Jan
250
135
100
Year 1910
•
A
J
L
L
A
O
Bds
Sold
High
9934 Mch’io
— —
—
30
Chicago Banks and Trust Companies
Ask L010
Bic
4.40s
Stone
82
J’ne 1
Apr 25
Outstand¬
BONDS
CHICAGO STOCK
Co 5s
1913
Knick’b ker ice 1st 5s 1928
Lake St El—1st 5s...1928
Income 5s........1925
Metr W Side El—
1938
1st 4s
Extension g 4S....1938
pref
Western’
Jan
Jan
50
13% Jan 10
Apr 28
100
Do rights
The Quaker Oats Co
100
Do
ios
pref
100
140 Unit Box Bd & P Co.100
Chicago Bond Record
Chit;
pref—
1.042 Swift & Co
Dec
Dec
30
78
55
58
Apr 11
1333s May i
2.435 Sears-Roebuck com..100
*
104%
104%
6
*6
6%
Last Sale 734
Last Sale 17
70
240
130
72
109
Booth Fisheries com....
Do pref
585
Cal & Chic Canal & D.100
Chic Brew’g & Mait’g....
Do pref
405 Chic Pneumatic Tool-100
85 Chicago Telephone.
100
Do
rights
100
36 Chic Title & Trust
197 Common w'th- Edison .100
Do
rights
35 Corn Prod Rel Co com
00
Do
pref....
100
352 Diamond Match..
..100
1,177 Illinois Brick
Masonic Tempie
270 McCrum-Howell Co..100
Do
90
pref
MUw & Chic Brewing....
Do pref..............
85 National Biscuit.....100
Do
pref
....100
29
100
130 National Carbon...
Do
20
pref
100
167 People’s Gas L&Coke.lOO
Do
rights
112% 112%
Sale 1%
Feb’10
Last Sale
pref
1 )r»
11212 1121Last
H
,
Dec
i
9
280 American Can
.100
Do
320
pref
100
American Radiator
100
Do
pref
100
30
710 Amer Shipbuilding
100
10
Do
pref
100
100 Amer Telep <3s Teleg
Booth (A) & Co
100
9%
118
11834 11834 *117
2%
Mch’OS
>
h)
9%
93S
70
70
70
7034
Last Sale 250
250
May’10
*130
*131
135
135
*128l4 132
82
80
82
79%
80
S234 8l-34
82l4
111
*110
112
*109
112
110% 110%
*131
133
*135
135
130% 136ls
13434 13434
250
13134 132
*240
m
9%
7034
119% J'ly
4534 Jan
Dec
8
Feb
Jan
Jan
190
4
16
Oct
3 J
Miscellaneous
934
934
Mch
97% Dec
109
30
16
Jan 3
J dll
Jan 1C
9% Jan C
5
Jan 16
39
Jan
l
771) Mch 30
19
MaylO
58
MaylO
26
69
16
51
15
63
Kans City Ry &
Do
pref
180
1% Oct
0% Jan
7% Jan
2% Apr 18
Mavis
—
^
~
—
/
Mch
185
Mch .
May25
May25
May. 5
May23
May2ti
May24
185
2
Chicago City Ry
..100
Chicago & Oak Park. 100
Do
pre£
100
Chic Rys part ctf *T"
271 Chic Rys part ctf * 2”
Chic Rys part ett "3"
Chic Rys part ctf "4"
Chicago Subway
100
Sale
Sale
Sale
Sale
Q-J
Q-J
Q-J
Q-M
1908
Q-J
q
TO, 2%
Apr TO, 2
Apr '10,1%
Mch31'10, 4
V.87,p.1138
Apr TO. 2%
May 20 TO. 1
Apr TO, 1*4
Apr TO. 1%
Apr TO, 3
Apr
Q-J
Q-J
Q-J
Q-J Apr
Q-J Apr
J-J
TO.1%
TO, 2
TO. 3
Q-J July TO. 2
J&n
12'0 9 V.89,p.141
J^J Jan TO, 2%
Q-M Mch 31 TO. 2
Q-J
as
Apr TO, 1%
• 1908.
Apr '10.8
Be Pt
Q-J
,•
made on this day.
jMch. 29 (close ot business; lor national banks and Moh. 30 (opening of business)' lor State
Institutions,
$No price Friday: latest;price, this week, a Due Dec th b Duo Junes, fc Also 20% in stopkk n Capital and surplus to bs
eApr.4' 10. o Dividends &r* paid Q-Jf, with extr*payments Q-F.
s In addition the equivalent of 4% more came from First Trust A Savings Bank.
t Dec
31 1909.u Stock Increased in 1909.
• In addition the equivalent oC 1 % came from First Trust * Sav. Bank-w Hamilton i^attonol
Bank absorbed by the National City Bank. - Sea V. 90. 'p. 53a. - * Capital increased to $8.000,000.
See V# 90, p. 599.
•Bid
and asked prices;
no sales were
increased.
BOSTON STOCK EXCHANGE—Stock Record, Daily, Weekly and
Yearly
SHARE PRICES—NUT PER CENTUM PRICES
Saturday
May 28.
STOCKS
Sales
Ou
Monday
May 30.
Tuesday
May 31
Wednesday
June 1
Thursday
Friday
June 2
June 3
Week
Shares
Lowest
1
*106*4 107
*101% 102%
1
X222
128
*211
136
•
•
I
1
1
128%
*211
136
295
16
74U
•
1
•
*15
*74
1
•
<
1
103% 103% *104*8 104% 102
101
101*8 *1007g 10178 *100%
221% 221% 222 222
222
127% 127% *127% 128% 128
222
*
10%
*41
42
110
110
«
•
•
*
1
•
84%
fl
fl
•
...
88
204
17
•
204
17
•
•
•
145
rl2734 127*4
110*4 *.... 110%
1
154
Last
15
Last
Last
40
10%
41
40%
145
-215
88
*....
215
134% 134%
74%
.
129*
129
215
295
15
15
*74
„
«
•
«
215
*134% 134%
*187
*1634
85
....
84
153
153%
190
210
188
210
188
fl
fl
•
fl
i
•
•
fl
•
«
1
_
_
*41%
1
1
101
•
,
fl
•
f
fl
fl
•
•
•
84
•
8%
8*4
250
•
<
Q
3
S
Q
*106
133
*95%
161
1
■<
P
^
2
0
*16*4
85
153
16*4
85
153U
«
•
g
1
1
•
•
161
'■
187
70
68%
69*4
29
29
78%
79*4
70%
25%
16%
7%
.55
13%
16%
13%
17*4
20
20
64
575
18
*.10
66%
575
18
.17
67
*8
81?
8*4
1%
812
*1
1212
7%
3934
8
18%
*3
17
21
4
9
13
7%
40%
8%
19*4
3%
19
23%
4
9%
5012
I2I4
52
7
5
52
7
1
2
22
5
52
2OI4
2078
*%
*134
217S
3134
1012
712
*.50
36
136
*15
78
19
il7‘
*112
44
11
12
12%
6
11%
32%
11%
7%
.75
36
140
16
78
19
178
11*4
1*4
45%
12
12
5212 52%
6
534
*3512 36
4212 42%
4978 49%
*3
3*8
23
46
3i2
*7*4
116
88
24
46
3%
8%
118
2
•
43%
101%
5*8
5%
1634 17
120
120%
119% 120
134*8 135
Do
pref
85
100
100
100
171
Do
pref
100
716 N Y N H & Hartford. 100
Northern N H
100
”“7 Norwich & Wor pret.100
•
83
153
140
153*4
Mch'10
10%
110% 110%
105
103
*133
134
Last Sale
161% 16134
*11% 12
104*4 105
*31
31%
*29
30
189% 191
68% 68%
78%
16
*88
86%
*534
65%
2434
68
25%
65*4
560
43
16
7
.57
13
*.10
65%
*8
16%
19%
64%
17%
.17
66
81 •>
8%
8%
1%
*1
12%
7%
13
39
40
8
18
7%
18
7%
3%
3%
20%
334
*8%
21%
49
12
*7
52
12
1034
31
10%
7
*.50
35
132
15
75
18
1%
1034
1%
42
10%
11
50
*5*4
4
7%
1%
12%
7%
119
120
132*4
134%
10*4
1 Old
Colony
Rutland pref
"l02 Seattle Electric
Do
62
pref
5.430 Union Pacific
Do
13
7%
40
17%
10*4
162
87
50
10J
435 Amer Agricut Chem..l00
Do
325
pref
100
421 Amer Pneu Service... 50
Do
1,242
pref
50
496 Amer Sugar Relin
100
Do
295
pref
100
4i
Do
1534
1734
x61
560
*16
.10
*63%
8
8
1J4
12
7
38
8%
51%
12%
5
11
7%
19
6214
560
1712
.10
64
8
812
ll4
12i8
7*8
38
8
.75
36
135
15
76%
18%
1%
1812
“l7%
16
19
2012
”838
44
12
7
812
52
12
7
11
1%
42%
11
May’10
May’10
2012
*4%
21
5
48
19
493«
1934
5%
1118
51
_
1134
3h2
177s
10
42
1034
1%
43
11
41
41
10l4
10%
1038
11%
50
50
10%
11%
11%
51
6%
3%
*
11%
51
51
578
35%
4034
497g
57g
35%
1678
178
u2
17l4
178
1012
H2
5l2
5l2
3478
3478
41
4014
41l4
497«
4912
4934
Last Sale 314
May’10
22
437a
*3
7
*115
*1*4
22
44
3%
7%
118
2
16
22
4278
"T
115
22
44
"Y"
115
225
200
35
Jan 17
May
95% Mch «
190
Feb 10
)
.
2
Mch 11
Feb
Men #
Mch 29
Jau 25
132*4 J’ne 3
31% Apr 28
97 U May
7
Mch 18
16
Mayio
67s May 13
143% Jan 12
Feb
4
7*s Apr 14
25
25
5
25 Elm River
1,416 Franklin
Consolidated.
12
25
5
Granby Consolidated .100
2,430 Greene Cananea
20
775 Hancock Consolidated 25
5 Helvetia Copper
25
3,774 Indiana Mining
25
3,790 Isle Royale (Copper*. 25
365 Keweenaw Copper._-.25
1,675 Kerr Lake
5
11,840 Lake Copper
25
813 La Salle Copper
25
325 Mass Consol
25
Mayflower
25
Mexico Cons M & S__ 10
1,100 Miami Copper
5
70 Michigan
25
...
248 Mohawk
25
2,657 Nevada Consolidated.
5
40 New Arcadian Copper.25
4,474 Nlplsslng Mines.....
5
7,355 North Butte
15
4,380 North Lake
25
195 Ojlbway Mining
25
Old Colony
25
"663 Old Dominion..
25
395 Osceola
25
285 Parrott (Silver & Cop) 10
246 Quincy
25
752 Ray Consol Copper.. 10
150 Santa Fe (Gold & Cop) 10
1,305 Shannon
10
950 South Utah M & S
...5
...
...
472 Superior
25
871 Superior & Boston Min 10
1,547 Supenor&Pltts Copp. 10
90 Tamarack
25
285
610
Trinity..
UnltedStatesCoai & OU
25
25
50
2.624 U S Smelt Ref 3s Min.
833
Do
50
pref
...
Utah-Apex Mining...
431 Utah Consolidated...
249 llUtah Copper Co.....
100 Victoria
185 Winona
146 Wolverine
.......
............
.....
...
134
100 Wyandot
1%
• Bid and asked prices,
a New stock.
0 Asa’t paid,
....
5
5
10
25
25
25
25
:
39lo Mch
12*4 May
5% May
Mch
May
0i4 Feb
17% May
55
May
10
t
J'ne
May
Feb
63% J’no
7i2 Feb 17
7
Apr 23
May 2
10U May 3
638 May 2
1
37
Alch 28
734 May 3
17
Apr 3 >
2% Apr 28
16
May 3
I3i2 May 3
3i2 May 4
814 Mch '-4
44
11
j’no 3
May 3
4i2Mch 8
.50
May 5
2
May 24
20
May 3
434 May 3
45i4 May 2
18% May 2
4% May 2
934 Jan 17
1934 May 3
8
63s
.60
32
130
13
Jan
3
May 6
Mch ll
May 2
May 2
May 2
7434 j’ne 3
1678 May 4
13,* Mch 29
9
May 3
138 May
3812 May
834 May
10% j’ne
48
May
5
33
May
Alch 31
1
28
Mch 4
11%Jan 3
257% Mch 2
160i 2 Jau
a
84% Mayi8
97
124
115
Jan
Jan
Jan
100
200
5
Feb ll
12U Apr 14
1(KH< Jan 10
34t4 Jan 3
31
May 6
196
Alay 19
7134 Apr 18
31
Jau
4
9034 Jan
125% Jan
10
Feb 1
Feb zl
jan 3
Jan 3
Jan 3
Jan 3
50*4
085
38
.16
85
Jan 3
Jan 3
Jan
3
Jan 10
Jan
3
9
58Alch28
1334 Jan 3
2% Feb 13
22i2 Mch 12i2Jan 10
llli4Jan 3
1178 Jan 3
36
Jan 12
578 Jan 4
4434 Mch 9
18% Jan 3
634 Jan 14
11
Jan
5
7
245
b Ex-stock dly.
Jau
202U Mch
2
68
93
“ Jan
Apr
Jan
7
4
8i2Jan 21
75”
Jan 22
27*2 Jan ll
10% Jan 12
12
May 25
50
Jan
3
257g Mch 7
1234Jan 14
134 Feb
55
166
Jan
92
Mch
2434 Mch
234 Jan
18
Jan
334 Jan 19
G8i4 Jan 14
18
Jan 12
16% Jan 10
78
Jan 5
11% Jan 3
4034 Feb
15
Jan 3
Jan
3
3*4 Jan 14
h Ex rights.
a
22% Nov
Apr
Apr
145% Sep
40% Aug
136
131
J’ne
108
Apr
173 Ang
83% Dec
97
Apr
220% Dec
3% Oct
Oct
Oct
114% A lg
Jau
20% May
24% Jan
126I9 Jan
x54 “ Mch
28<o Jan
Jan
Mch
47g Oct
34
65
23
4
Jan
Feb
Alch
Sep
Oct
Aug
Sep
34
35
170
Dec
Nov
Dec
71
Oct
31% Sep
94% Oct
Oct
Dec
(31
1)
96
Dec
10% May
62
Oct
96% NOV
40% Dec
38% Feb
54
30
Feb
J'iy
5134 Dec
8
Feb
17% J’iy
8
Sep
21% Feb
90% May
Feb
585
29
Feb
.10
J’ne
68% Feb
7% Alay
7% Feb
45
1
13
Oct
Feb
7% J’ne
90
9
Feb
Feb
8% Sep
5% Dec
22% Apr
2% May
7% Apr
Jan
Dec
Jan
Mav
Dec
18
.80
24
11% Dec
33% Nov
119
695
Jan
Awr
44% Sep
Jau
.35
86*4 Nov
12
Mch
16% Apr
2% Jan
19
Aug
12% Nov
110% Dec
14% Nov
38
Dec
7% Aug
Feb
Dec
Aug
Dec
Dec
May
33%
c7%
938
74%
19%
18%
.30
Apr
1
Dec
3%
12%
5%
x57%
16%
Apr
Feb
Oct
J'ly
Feb
6
Nov
310 Nov
9% Oct
47
Dec
4% Mch
534 Nov
.40
122
19
83
2is4 Jan
50% Aug
J ly
9'* Feb
100
J'ne
47% Feb
Jan
Apr
98% Apr
Apr
125
118
139
108
199
12
16
Jan
Jan
175
l2e% Jan
75
Feb
168
Jan
9*4 Jan
1034 J’ly
4% Mch
5
29
J'ne
260
Jau
59
89
19
878 Jan 22
178Jan 13
40
Jau
150% Feb
94i2Jan 22
Jan 14
Aug
Jan
18% Jan
76
Mch 2 s
149
215
12% Sep
31% Aug
8% Oct
147% NOV
71*4 Dec
13% J’ne
Jan
125
0%
24% Jan 13
18i 4 May25
28i2Jan 3
103
Jan
Nov
93% Jan
4% Apr
J5% Apr
3:% Apr
I2i4 Jan 14
.70
174% J’ne
105
4134 Feb
Feb
Jan
Jan
Oct
Nov
33 % Jan
94
Jan
107
18
94
19
84
112
Nov
125% Feb
271* Feb
3
Ll
138i2 Mch 11
88% Sen
195% Jan
Oct
si 17
Mch 15
220t2 Feb ■!-.
6*4 Alay 10
Mch
Feb
Dec
275
136
103
117% Aug
107
Aug
218*4 AUg
117% Aue
5% J an
71
Feb
77% Nov
14% Mch
65% Oct
162
J’ne
123
J’ly
9U% Alch
971•» Apr
18
114
o
oan
22
Sep
200% Jan
H)2
-
Deo
Mch
Nov
135
235
153
301
Apr
Dec
Apr
93U Mch
165 “ Jah
88
Jan
-
Jan
Feb
172% Feb
8>2 Jan li
152*2 Alch
55
39U May 2
4734 May 4
*53% Jan 3
27* May 4 ,..5i4Jan 3
46 Jan 3
19*4May 4
41
May 2 J50% Jan 3
2% May 5
6*4 Jan 14
6i2 May 2l
(3 Jan 14
114
May 7
1*8 May 5
Jan
Jan
Oct
190
26
104U Mch 33
11% Jan 7
9034
40i2
5334
15
10
Jan
146
200
Mch S78 Fel» Ll
24
Feb H
58
560
Nov
128% Nov
48% or,n 10
63
,5j
Jau
75
79
J ’no
239% Apr
46% Dec
143
115
267
104
38% May 4
J’ne 3
23i2 May j
41
Apr is
25
25
2,895 Arizona Commercial- 25
485 Atlantic
25
300 Bonanza (Dev Cot
10
470 Bos&CorbCop&SllMg
5
5,092 Butte-Ba'aklava Cop.. 10
1,282 Butte Coalition
15
485 Calumet & Arizona.. 10
20 Calumet & Hecla
25
275 Centennial
25
700 Cons Mercur Gold
1
1,324 Copper Range Con Co 100
130 Daly-West
20
880 East Butte Cop Win
10
May
Jan
May
10
Alch
‘J04%Jaa 3
103*8 Jau 3
127% Men 2
124
Mch
143*8 Feb i
125% Oct
106
124% Jan
223% Dec
132% Jan
295
Sep
11*4 «ian
60% Jan
Mch 9
Mchi*
Jan
7
Jan
168
J’ne
>
64
Jan
195
Alay 31
Apr 14
11% Jan
88
Apr /
58% Jan
1623s Mch 14 *153 Nov
Apr 2t
Mch i
li8%Jau zb
11
98
Mining
200 Adventure Con
200 Allouez
4,300 Giroux
Highest
10034 Jan
17
Jan
.
...
17*4
*1%
10%
1%
2
5
__
200
30
11%
11
1012
*7
8
Last Sale .65
May’10
*35
36
3434
35
135
135
132
135
15
15
1412
14l2
75
75
75
7434
10*4
7%
«
12
14
4
49%
16
Jau
116
106
981* Mch i
7,207 Amer Telep & Teleg_.100
American Woolen
100
l’l46
Do
pref
.100
1,047 Atl Gulf & W I S S L.100
265
Do
pref
100
Boston Land
10
“loo Cumb Telep * Teler.100
Dominion Iron & Stee
"465 East Boston Land
515 Am Zinc Lead <Ss Sm__
10 Anaconda
7
*.55
12
4
6
11
32
3%
14*4
8%
50%
*11%
6*4
20%
8
116
2
25
17%
20%
31%
107g
5*4
41
1712
20
5
11
32
Miscellaneous
67% 32,293 Amalgamated Copper 100
1834
3%
18%
21%
20
22
45
41
63
*24
778
49%
pref
May
94^ Mayio
100
50
25
3
May i
103.8 Apr 1
...100
...
88
201
Apr 28
139l2 Mch 11 j?140
Maylc 212
210
185
25
100
101
100
IOO zlCS
pref
Jax
.
5*4
Lowest
20
...
"8%
50
79
149
..100
Vermont & Mass
27 West End St
Feb 10
1534 Feb
10O
...
Apr
26 Edison Elec Ilium...100 *239 J a
26
261 General Electric
J’ne
100 xl42
1,493 MasaachusettsGasCos 100
76% Feb 8
80
Do
89
May 16
pref
100
13 Mergenthaler Lino
100 21414 J&n
4
522 Mexican Telephone.. 10
2*4 Jan
155 N E Cotton Yarn
110% 110%
100 110 i4J’ne
*106
107
3
Do
pref...
100 106
May
133
133
55 N E Telephone.
May
100 133
95% May’ 10
Pacific Coast Power.. 100
94
Mch
181
"493 Pullman Co
16l7g
100
160
May
*11%
12
50 Reeoe Button-Hole.. 10
11*4 Jan 15
487 Swift & Co
10434 105
100
Jan 24
100
*31
2 Torrington, Class A.. 25
31%
28
Mch 30
*29
30
9
Do
27
Jan 18
25
pref...
192
975 United Fruit.
193%
100
165% Jan 15
67%
69
4,367 Un Shoe Mach Corp
25
63*2 Feb 4
Do
407
25
pref
28l2 Alch 29
76
79*4 26,400 U S Steel Corp
76
J’ne 3
100
115
116
Do
482
pref
100 115 J’ne 3
36
West
*15%
16%
14
Feb l i
Telep & Telega .100
86
87
Do
92
pref
85
Mch 29
...100
8%
1%
205S
5%
1
2
21%
7%
16%
6*4
7
Last Sale
Last Sale
20% 21
5
5
35
42
50
115
5
42%
8%
*3
8*8
35
41
50
*3
45
*3
43
67
25
.57
13
1534 16lo
19
19
63
64
560
560
17
17
*.10
.17
66
66%
*8
9
1834
18
*5
25
423a
16 '
39
8
16%
*%
*134
20%
*434
48%
19%
101*s
120
6%
*.55
13
564
17%
29%
793s
16
6
43
12%
15*4
18%
62%
42
16%
119%
10*4
116% 1165s
16%
88
15
7
*.50
42
101
5
202
<
Last Sale 35
May’10
99
99%
98%
99
6
43
*1*4
*1*4
Btfara pay’t of assesses called in 1909.
*42
101
29
117
*15%
-7
45
16
*7
.50
*5
11
116
88
25%
193
29%
79*4 827g
117% 118%
*15% 16%
*6
*43
68
....
161*4
*11% 12
105% 108
*31
31%
29% 29%
193%
63%
•
*
Highest
Railroads
Maine Central
285 Mass Electric Cos
16*4
21
21
19%
19%
Last Sale 3
May’10
150
*145
150
145
145
66
Last Sale 66
May’10
81*
8
8
8
8
250
249
250
249
249
1481* 144*4 145 *142
143
83
83
83
83
83
90
90
00%.
90%
90%
220
220
220
*218
220
5
*5
5
5
5%
107
134
*95%
30
88
1
*106
133
162
30
193
70
29
10%
19*4
6
110% 110%
11*4 11*4
105% 106
31% 31%
r*
.
107
134
1
99%
10
90
220
5
111%
•
1
w
Q
i
•
98%
14478
82*4
5%
43%
101%
5*4
16%
120
120
135%
35
*145
*64
8
249
90
218
111
1
0
134
*33
8334
5%
fl
•
fl
A
90
218
fl
fl
fl
w
827g
1
•
*
16
119%
119%
148% 149*4
•
•
101%
5%
19*4
*5%
....
•
•
fl
42
20
6
*14534 149
fl
•
44%
101%
5*4
18
119*4
120%
1361<>
20
*5l»
<
1
u
270
Mch'10
*128
130
110
May’10
86
May’10
_
5%
17%
x11934
*120%
135%
*33% 35
9934 100
10
10*4
1
fl
e
134%
May’10
-
«
9
3
m
4
155
_
•
128
215
*188
*188
190
190
Last Sale 23
May’10
111% 111% 111*4 112 *110% 11134 *111
11134
102% 103 *102
102% 102% 102% *—. 102%
179
182% 175% 179
175% 1767s *188
174%
*94% 95% *93% 94%
Last Sale 94%
May’10
T.rvtt Kale. 162
May’10
87% 87% *S738
88
88
88
87*4
*-... 102% *.... 102% 101% 101% 101% 101%
•
fl
130
10
91
45
31
45
101%
222%
....
Last Sale
128
128
Last Sale
Last Sale
.4
Range tar Previous Year
(1909)
Atch Top & Santa Fe.100 102 J’ne
123% Jan
Do
pref
100
101
J’ne
10414 Jan
Boston & Albany....100 x22i% J’ne
234
Jan 10
Boston Elevated.....100 125
Apr 12 136*4 Jan 5
Boston & Lowell...
100 215
Mayis 227
Feb ,4
Boston & Maine
100 xl34% J'no
152
Feb
Boston & Providence. 100 295 Alayl2 298 Jan 20
306 Boston Suburban El Cos.
15
Jau lj
16
Jan 3
Do
73
Feb s
prof.....
76
Apr 7
Boston & Wore Elec Co
8
Mch
10 Jan 7
Do
80
J’ne 2
pref
40
48
Jan 3
7 Chic June Ry & USY.100
145
May 2 156 Jan 19
10
Do
pref
__ioo 110 Apr 2 118 Jan b
Connecticut River
Mch s 270
100 265
Mch 16
’ll3 Fitchburg, pref
100 125 Apr 1
133i2Jan o
Ga Ry & Electric....100 104 Jan 3 112
Apr 1<9
102
Sale 295
*15
15
Sale 74% May’10
Sale 3
Apr’10
40
*40
41
TaisI Sinlfl
t
134%
Range Smee Jan. 1
BOSTON STOCK
EXCHANGE
0
Feb
Dec
Dec
1% Nov
13% Feb
34
Jan
13% Nov
1278 Apr
62
J’ly
9% Dec
28
Jan
39
44
4
Feb
Jan
Oct
37% Feb
39*4 Feb
3
Oot
4*4 Apr
139
2
Mch
Oot
28% Dec
13% Mch
70% Jan
30
Nov
838 Deo
13
Sep
85% Jan
117g Aug
14% Dec
.90
59
170
Dec
Aug
Deo
36% J’no
99
Jan
278 Jan
1778 Jan
67
Dec
18% May
18% J'ly
90
Feb
17% Jan
39% NOV
59
54
Sep
Oct
6*4 Jan
49*4 Nov
66
6
NOV
Deo
«13% Deo
153
Aug
4
Jam
Ex-diy. and right*.
Boston Bond Record
June 4 1910.
BO A US
Frioe
BOSTON STOCK EXCH’GE
Week ending June 3
Friday
•5^
'10138
90»4S
Mar’Oo!
83
103
93*4
100*8 106
101*4 May* 10,
99*<il00
Am Writ Paver 1st s 16s g 1919. J. J
1914 j j - J
Am Zinc L A S deb 6s
▲riz Com Cop 1st conv 6s 1918 M-S
Aten i oy A 8 Fe gen g 4s..
A-O
Adjustment g 4a....JTy 1995jNov
i*U4" 158**
104
May’10
152
152
167*3
Eeb’iO
98*4 101V
98*3!
98 *4 99*4 98*4
1995!
91
887s May’10
83\ 94 V
89
94
94^
91
89
9*38 Mar’10'
Stamped
......J'ly 1995IM-N
119
Deo 09
60-year conv 4s..
1355) J-D
117 *a Feb’10
117-s 117*3
19-year conv 5s
1917 J-D, 10***
12
64*3 73
67*3
68
67 H. Sale
Ati Gull A W l SS Lines 5s.’59 j - j j
110
Feb’04'
Boston Elect L Consoi os. 1924 M-S!
100*4 Mar’09
Boston*; Lowell 4s
1916 J-ji
Boston as Marne 4 V*
1944 J-J|
il04*3 0ct’06
1112*3Jan ’03
Boston Terminal 1st 3 V*. 1947 F-A'
103
103
Bur A Mo Biv cons 6s
.1918 J-Ji 102*4
'103 Feb TO
..TOO J’ne’Ol
Butte
Boston 1st 6s....1917 A-O!
100
.J
Butte HlecAPow 1st g 5s. 1951 J-D
Cedar Bap «fc Mo it 1st 7s.1916 M-Nj
*3 May’10 *>! 113*3 114
85
88
Cent Vermt 1st g4»..Mayl929 Q-F
87 I 86
86 j
85
TU03 Oot'07
OB* u Iowa Dlv 1st 6s. 1919 A-o!
I 99<VJ’ly’09!
Iowa 1>1V 1st 4s
1919 A-O
10IV
'101*4 Mar’10
Debenture 5s
1913 Wt-N
99*8 99*4
99VFebT0
Denver Exten 4s
1922 F-A
99
99
Mar*
10
99V
M-N
Nebraska Exten 4s
1927
99
Get W.
BA 8 Wsf 4s
1921 M-S
'
8 »V MayTO'.
86S 883b
Illinois Div 8 V*
...1949 J-J
'100*3 101***
100
100*3 100 *3 May’lQ,.
Cbio jc By A Stk. Xus 6s. 1916 J-J
91
9278
j 91
Apr’7.0 .
Coil trust refunding r 481940 A-O
T15 V Jan TO
116*3 115*3
Ob Mil A St P Dub L> 6s.. 1929 J-J
126
Feb'05.
J-J
Oh M A it f Wle V ‘liv 6sl92U
98*4 100 I 99
May* 10. ..:J 99 100*3
Obioee No Mien 1st gu 5s.193 r M-N
103*31101*3 lUlV 1 lol 104
Ohio A W Midi gen 5s.... 1921 J-D iOl
Dec’07:.
91
Conooru A Mont oons 4s.. 192b J-D
'112*4 Jan’03
Conn A Pass K 1st g 4s... jl94S A-O1
100
M-K
99
100*4
Aug’09*
Cudahy Pack(The)lst g 5s 19114
99
Avr’10
Current Biver let 5e
i927 A-O
80
39
Mar’10
A-O
I Dot Gr Ban & W 1st 4s... 1944
98
96*3
90*4!
97
Dominion Coal let s t 6s.. 2940
103 *« Apr '05
1015]
VittiAburg 4s
96
Apr'08
1927 M-8
4s
Mar’09
133
FreratJBik A Mo V 1st 6s..1933 A-O
140
Apr'05
Unstamped 1st 6s
1933 A-O
95 Vi 16,1 04V 97 V I
95V 95*3 953*
GtNorO B A Q coil tr 4s 1921 J-Jj
1
96
06V
96S.
95*3i
95*«
Begmioredds
1921 Q-Jj
iio*
.
,
...
*113
.
.
******
M-S*
......
Nans—Buyer pays accrued interest In addition to the purchase price lor
-
-
-
-
Illinois Steel deben 5s
1913
la Falls ASioux Cl8t7s.. 1917
Kan C Clin & Spr 1st 5s... 1925
KanC Ft S A Gull ext os.. 1911
Kan C Ft Scott & M 6s....1928
Kan CM A B gen 4s
1934
Assented income 5s
19334
Kan CAM By A Br 1st 6sl929
Maine Cent cons 1st 7s...1912
Oons 1st 4s
,.1912
Maro Hough A Ont 1st 68.1925
Mass Gas 4Vs
..1929
trice
Friday
June 3
si
Rta
106
A-O
A-O
loo** 101
Monday
Tuesday
Wednesday
May m
May 90
May 32
Jim' 1
June 9
A-O
J-D
M-N
M-S
93*4 ......
91*4
102*4 104
M-S
A-O
.
60
!
i
Q
60
88
130
88
•I5f8
•
88
128
•
|
i
•
•
f)
o
to
p
T
21*9
44V
20
46
46
•
t>
H
23 V
4
93V
*<
^
►
114
93V
•
•
•
84V
•
Bid
Pil MjADEJLPULA
48V
15*s
18 V
Friday
June 3
*44**
13*4
*13
13*8
26
20V
Iron
50
Central Cool A Coke. 100
Germantown Pass
68*3]
77V
77*4!
9
22 V
92 V
29*a
9
r
J-J
101
101
102
Sale
101 |!
Feb’09 [i.
77*3
09V
90*8
97 V
99
*3
lOUV 105
.
70*2
Apr’10'. ...' 77
08VMayTO ...'I 98*3 102
135
...1134
13478 MarTOl.
77
.
131*9
101
Apr ’09 .
98 V Sep ’O0|.
116*b 116V
| 03*2 90
116V Feb’10
id at* lofe.
90
deb g 6s. .1912! J-J
Repub Valley 1st s I 6s...l919i J-J
105
102*4
4*33.1941 J-J
Rutland-Canadian 1st 4s 1949 J-J
Savannah Elec 1st oons 5s. 1952 J-J
Seattle Elec 1st g 5s..,...1930 F-A
Shannon-Anz 1st g 6s
1*19 M-N
Terre Haute Elec g 5s....1929 J -J
Torrington 1st g 5s
1918 M-S
Union Pac RKAlgrg4s. 1047 J-J
1927 J - J
20-year conv 4s
United Fruit gen s t 4 Vs. 1923; J- J
U S Coal A Oil 1st 8 f 6a.. 1938 M-N
U S Steel Corp 10-60 yr 5s. 1963 M-N
West End Street By 4s.... 1915 F-A
Gold 4*os
1914 M-S
Dec ’08
107*3 Nov*05
Rutland 1st con gen
102
105
103
Mai’02
'178*3 78*3
103*2 104*4
78*2 Apr’lJ
103*2 Alar’10
06
97
May’lOi
| 06 110
Apr*U7|
iuiiV loov
100*, Mar’10
09 78
108 V
'( 99 V 10Ua8
Apt’10
Apr’10
'1IO8V 109 V
1 06
96V
06*8 06*a 96*8 May TO1
155
140
150
Mar’161
.153
1916M-N
Gold debenture 4s
1917, F-A
Gold 4s
Western Teleph A Tei 5s.
J-J
Wisconsin Cent 1st gen 4sl949 J • J
1932'
95
08
05 *t»
Apr’10
06 *3
04V Jan'lo
96
160
103*8 105 *a
104*4 May 10
08
May’10
101V j ne\>9
08*2 Apr’10
OS
98
98*3
99*8
98
95
90
99
94V
94V
U Fiat price.
Range Since
Range tor trevioui
Jan 1
y>’ar' HH,y
Routes c
tuyfiesi
Haiti more
46
Mar2i
60
M ay 2 3
Marl l 89 Apr2U
190jNorthern Central...... 50115 Jan & 132 Feo28.
'Seaboard (new)
100, 22 Feb 8 27*4Jan 3
j
Do 2d pref
.100 43 Jan 25 47 Jan 8
100 United Ry A Electric.. 60 l’JVMay 3 14*4 Jan 4'
80
48
15
15
15
18
17 V
77
13 V
77V'
66
76V 78V«
I
50
8*4
47
83V
84
82V
15
18
8*3
47*4
84
Rid
PU1LADELPU1A
20 V
Ghoo A Me 1st 5s 1949 J-J
Ch Ok A G gen 5s ’19 J-J
Col St Ry 1st con 5s 1932
Con Tree of N J 1st 5e.’33
E A A 1st M 5s 1920 M-N
Elec A Peo Tr stk tr ctfs
Eq II Gas-L 1st g 5s 1928
20
82 V
Ash
83
9
3V
14
V
4V
16
16
68V
61V
103
43 V
44
L48
RRs 4s g
1914.Q-F
Gen M 4Vs g.l924.Q-F
Leh V C 1st 6s g ’88..J-J
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
,,...M-S
Consol 6s 1923
J-D
11
farwick IronA Steel. 10
P Co IstA ool tr 5s’49 M-S
ConA ool tr 6s 1961M-N
' Tov PM) Elec gold
53
A tteaSh.60
98
estmoreland CoaL,..50
Wilkes Gas A Elec..100
Trust edrtifs 4s
P A E gen
this day.
FllILADELFillA
Ph A Read 2d 5s '33.A-O
Con M 7s 1911
J-D
Ex Imp M 4s g ’47.A-O
Terminal 5s g 1941.Q-F
P W A B col tr 4s ’21 .J-J
Portland Ry 1st 6s L930.
Roch ByA L con 5s ’54J-J
'
90
90 V
106
H Ex-rights.
1920..AAO
U $13 paid,
Rid
I Ask
1U2V
1U1
Lo west
h ur'irfi >
Deo
Mai 48
Mar 89
May
Jan 121V Deo
1IV Feb 28 V Dec
22V Feb 48 Deo
0V Feb 14 V Deo
30
76
100
99
10IV
93 V
75 V
81V
96
118
145 V
Georgia Sou A Fla... 100
1st pref
100
90V
G-B-S Brewing.
Ronds
trices are all
and
Anaoostia A Pot 5s
Atl A Ch ext 4*98 ’10. JJ
Allan C L RR4sl952M-S
Atl Coast L(Ct)otfs 5s J-D
Ctfs of Indebt 4s....JJ
Jan
43
15 V J an
53
Jau
9 V Jan
15
33 V
96
Jan 125 V
67
Feb 113
63 V Feb
75 V
40 V Feb
61V
14 V
11V Feb
24 V Jan
36 V
69 V Feb
86v
5V Jan 7iaie
50 V Jan
58 V
84V Ma> 95 V
UALTLUOUK
Bid
Chas City By 1st 5s’23 J J
Clias By G A El 6s ’ftft M-S
Chari C A A 2d 7s’10 A-O
100
90
Ool AGrnv 1st 68.1916 JJ
Consol Gas 6s...1910 J-D
5s
...1939 J-D
Ga A Ala 1st con 5s ’45J J
Ga Car A N 1st 6s g ’29 J J
i*03V
97
102
76
96 V
103 V
07 V
102 V
76V
B S PA
P 1st 4 *98 ’53F-A
mmmmmw
100 v
106
41
Mt Ver Cot Duck 1st os.
Npt NAO P 1st 5s’38 M-N
7
Norfolk St 1st 6s ’44..JJ
22V North Cent 4 His 1925 A-O
Series A 5s 1926....JJ
Series B 5s 1926....JJ
96
Pitt Un Trao 6s 1997.JJ
Poto Val 1st 5s 1941..JJ
Sav Fla A West 5s ’34 A-O
Seaboard A L 4s 1950 A-O
Seab A Roan 5s 1926.J J
192
101 v
V South Bound 1st 5s.. A-O
UE1 LAP lst4*as’29 M-N
93 V Un Ry A El 1st 4s *49 M-S
93
Income 4s 1949
J-D
105
103
80
2
Funding 5s 1936...J-D
Va Mid 2d ser 6s ’ll.M-S
3d
series 6s 1916..M-S
100V 101
105
4th ser 3-4-5s 1921.M-S
104
5th series 5s 1926.M-S
03V 94
Va (State) 3s new *32. JJ
Fund debt 2-3s 1991.JJ
92
92 V
West N C con 6s 1914 JJ
106
107
110
112
Wes Va CA P 1st 6r*11 J J
Wii A Weld 6s..l935JJ
106
103
t $12 V paid.
......
$ $13 V paid,
i $35 paid.
Apr
104
108
May
Deo
Sep
Sep
Deo
Deo
Apr
Sep
Mar
May
Deo
Ask
92*a
106
102
100V
106
9u V
106 V
102
105
GaSo A Fla 1st 5a 1945J J
G-B-S Brew 3-4s 1951M.S
2d income 5s 1951 M-N
KnoxvTrac 1st 5s ’28A-G
LakeR El 1st gu5s’42M-S
90
......
33V Deo
84 V Deo
14V Jan
MaconRyALtlst5s’53JJ
Memphis St 1st 5s’4 5 J-J
Met»t( Wash)l8t5s’25F A
120
6V
21
30
94
75
12 v J’ly
63 V J ’iy
104V
88V
IV
interest.’
—
zioVJau
J uii
Deo
19 V Deo
112
BALTIMORE
Fret
loo
Atlanta A Charlotte.. 100
AUan Coast L (Conn) 100
Canton Co
100
Cons Cot Duck Corp... 50
48
Georgia P 1st 6s...’22 J J
Wlks-R GAE con5s’55J-J
105
110
106
43
26
82
Inactive Stocks
Ala Cons CoalA Iron. 100
101
99
JbeO
44 V J’ly
32 V keo
115V 117
City A Sub 1st 5s..’22 J-D
99
99V City A Sub( Was) 1st 5s’48
Coal A 1 By 1st 5s ’20F-A
Spanish-Am Ir 6s ’27 J-J
U Trac Ind genas’lft.JJ
Un Kys Tr ctfs 4s’49JAJ
United Bys lnv 1st coll tr
hoc *20. A-O
Gen M 4s g
on
trust ctfs.
175 American Cement......
..M-N
Sf 5s 1926
U Trac Pit gen 5s ’97 J J
Welsbaoh s f 6s 1930.J-D
J-D
Gen cons 4s 2003.M-N
Leh V Tran oon 4s ’85 J-D
N ew Con Gas 5s 1948 J -D
Newark Pass oon 5s 1930
N Y Ph A No 1st 4s ’39 J-J
Income 4s 1939...M-N
NoOhioTrac conSs’lft J-J
Penn gen 6s 1910 ...Var
Consol 5s 1919
Var
Penn A Md Steel con 6s.
Pa A NY Can 5s *39.A-O
Con 4s 1939
A-O
Penn Steel 1st 6s ’17 M-N
People’s Tr tr certs 4s ’43
nit Trao
Snited
N J Pitta
RR Aprof..60
O.. 100 .‘io
103*9
Interstate 4s 1943 ..F-A
Annuity 6s
128
10
113V
Indianapolis Ry 4s. 1933
Preferred,
•Bid aud asked; no sales
9S»
76*877liie
47
8*4
City 1st 5s g’19.M-N
BergAEBrw 1st 6s’21 J-J
Betlile Steel 6s 1998. Q-F
103V
Railways General
10
Susqueh Iron A Steel..5
14 V
17 V
47 V
SV
Lehigh Nav 4Vs ’14.Q-J
100
Preferred
Phila Co (Pitts) pref.
Phil German A Norris. 50
77
21V 22*3
»0V 91*3
110
110 V 105
110*4
65V65i»ia! 64V 65 V
48
4S*a 48*3
48*8
82
Preferred
Pennsylvania steel.
74
*0
60j 20 May 15 28 Jan 2
114 American Railways.... 50S14V J’ne 1 50
Jau 6
50 44*4 J’ne 3 53 Hi Jan 10
2,13S Cambria Steel
12 H2 Jau 14
Electric Co ol America 10 liV May 2 5
i*i*3*o Eieo Storage Battery. 100 56 Feu 8 04*4 Marll
100
Gen
31*8
Jau 29
26*4 J’ne 3
2,183
Asphalt tr ctis ...
Do
1,143
prot tr ctfs.... 100 74 J’ne 3 84*, Jau io!
13
50
9*3 c eu 7
wanio|
Keystone Telephone.
1,435 Lake Superior Corp.... 100 20*4 Apr 6 28 4Jau 3
482 Lexugh C A Nav tr ctfs. 50 90V i ue 3 L23
Jan 7'
Feb 4 121*4 Marla
50 93
14,9^6 Lehigh Valley
50
J’oe
3
64V
(i^iaMar 9
7,828 Pennsylvania It Lt
75 Pluiadelp’aUo (Pif.so). 50 48
May 2 7 63*4 Jan 8
4,677 Philadelphia ElectrK j. 25 $13V feu 3 16*4 MarlS
6,736 Phils Rapid Transit... 50 15 Apr 28 2o4Jan 3
Feb la
50 75*aJ’ne 3 86
15,080 Reading
6 *2 J an 2 ~
1
2,030 Tonopali Mining
9*16 May 13
42
Traction
50
U
mon
52V
j an
3
1,654
Apr ft
50 82*3 Apr 28 05*8Jan 10
3,208 United Gas lmpt
Atl
45
80
9
Pennsyi RBreceipts,
44*s 44*8
44*4 46
*11*3 HV
67*3 58*3
26*4 28*3
Ronds
trices are all “ and
interest,H
Alt ALVEleo 4 Vs’33.F-A
Am Gas A Elec 5s’07.P-A
Am Bys conv 5s 1911. J -D
50
Key st oneWatchCase. 100
Leh Vail Tran vto...60
Preferred v t o
50
Lit Brothers
io
Little Schuylkill
60
Mineliill A Schuyl H..50
N Haven Iron A Steel. 5
Northern Central
50
North Pennsylvania..50
...j
I00»a Sep ’08
Pere Marquette
194!
24
44
22V
91*3 91V1
14V
17V
84V
1
Keystone Telephone
set J ersey
101
07
99v Feb’10*. ...H 9034 9034
116 Apr’10 . ...,114*3 118
93 *9 May" 0 . ...' 03
03*8
91 *4 May 10 .
91
92
103
103
Mar’10. ...*102
J’ne’08.
99 I 16
98*3
99*8 Apr’10'.
102 *3 Ai.g’04‘.
98a4 sale
Oreg By A Nav oon g4s.. 1946 J-D
1922! F-A
Oreg Sh Lone 1st g 6s
12 Con. Gas EL L. A Pow.100
Do
pref
100
61
88
22
65 V
48
84 V
Ask
12
58
29
84
100
Indiana Union Tr....l00
Phila Traction
91V
46
*11*3
8V
47 V
Indianapolis St
Insurance Co of N A.. 10
Inter Sm Pow A Chem.50
22
26
11V
6*8
46 V
..100
Ameucan Milling...
Amer Pipe MIg
100
Bell Telephone (Pa). 100
Cambria
128V
128
68V
29 V
77 V
81V
8V
47 V
inactive Stock*
Preferred
Migh
115
A-O
Sales
ACTIVE STOCKS
the
Week (Ft Bend* ana Inactive
Stocks see oetowj
'Shares'
«66
88
♦12*
•23
*43
44V 44V
109V114
115
*48
14 V
18
79
8V
47
o
F
*
23 V
667ie fa"771a
J
•
ft
R
D
►
21*9 •20V
•44V 45*9 244V
46
46V 46V
•11V 11v ♦11V
68
68V 69 V
29 V
•29*a 30V
78
78
*77
...'TOO
,
s
H
1
13V
13V
.
.
Philadelphia
H
1
44
♦20V
a
;
128
22
13V
*
-
•
0
eg
5
;
•
44
:
•
38
128
sign, . So, Low
MayTO
ll.SVNov’UO
101*4 Sep *05'.
A-O
A-O
Minne Gen Elec con g 5s 1929' J-J
New Eng Cot Yarn 5s. ...1929 F-A
New Eng Teleph 6s
1915 A-O
6s
1916 A-O
New England cons g 5s... 1945; J- J
Boston Term 1st 4s.....1939 A-O
NewRiver (The) conv 5s.1034 J-J
N Y N H A H oon deb 3 *381056 J-J
Conv deb 6» (ctfs)
1949 J-J
Old Colony gold 4s
1924 F-A
j
•
B
H
Range
Since
January 1
117
Apt’08t.
93 V Mai’1 O' ...! -03*8
of
Saturday
P
Last Sale
all Boston Bonds. "No price Friday; latest bid and asked.
Prices
Thursday
'd e
ASK Low
1917!J- J
MichTeleplst 5s
Wee*f*
Range or
Exohanges—Stook Record, Daily, Weeidy, Y early
Philadelphia and Baltimore Stock
Share Prices—Not Per Centum
305U»
B08T0N STOCK EXOH’QE
Week Ending June 3
Migh
101
68
90
101*4
90
90 V Sale
1936. M-S
Convertible 4s.
Might Ro,Low
Ask Low
Bia
Am Aericul Chem 1st 5s..1928 A-O
A.m I'eioi) <te tci coll vc 43.1029 J . J
Range
Since
|
January 1
I §<8
Last Sale
June 3
-
|*§3
Weefds
Range er
1479
108
103
101 v
107
LOO
107
102 V
105 V
115
108
42
’ 106
98V
106
7* V
95
104
105
109
109
105
103
110
83 V
105
112
09 V
108
72
100
107
107 V
83V
90
85
58 V
01
85 V
69
61V
81V
:
105
105
105
mam—
88
89
106 * 105V
100V 101
100
110V
•
•
•'••••
•••#•«}
aReoeipts. 6 $25 paid. c$30paid.
d$42*»paid.
1480
THE CHRONICLE
Volume of Business
at Stock
Electric Companies
Exchanges
DAILY. WEEKLY AND YEARLY.
Stocks.
Railroad,
&c
Shares.
I-
Saturday
Monday
Tuesday....
Wednesday
Thursday...
Friday
Par value.
764,796
1,292,947
766,648
1,466,488
Total
$2,055,500
3.198.500
1.664.500
2.602.500
$108,000
153,000
98,500
50,000
$7,000
e
15,500
4,290,879 $380,(40,600
$9,521,000
$409,500
$22,500
Emp A Bay State Tel.100
Franklin
100
Gold A Stock Teierr.100
e Northwestern Tel
eg. 50
Pacific A Atlan tic.... 25
aPac Telep A Tcleg pf .100
Southern A Atlantic.. 25
Week ending June 3.
a'
Kxchanqe
1910.
Stocks—No. shares
Par value
Bank shares, par.....
Bonds.
65"
40
105
105
60
90
e
1909
90
4,290,879
4,572,098
Ferry Companies
85,074,154
83,386.240
$380,046,600 $428^47,300 $7,665,233,500 $7,617,886,875 B A N Y 1st 6s 1911. J-0
N Y A E R Ferry stk.100
$19,800
$3,000
$625,800
$42,000
Government bonds
State bonds
RR. and mlsc. bonds
1910.
.
Total bonds
$747,000
9.521,000
30,182,000
302.951,500
601,710,400
$9,953,000
$30,929,000
$327,758,700
$620,732,300
TRANSACTIONS
94
20
50
66
1st 5s 1922.
..M-N
NYAHob 5s May ’46.J-D
Hob Fy 1st 5s 1946 M-N
MY A N J 5s 1946
J-J
10th A 23d Sts Ferry. 100
1st mtge 5s 1919..J-D
a Union
Ferry stock..100
• 1st 5s 1920..
M-N
1
$22,500
409,500
$215,000
24,592,200
$196,700
18,825,200
AT THE
BOSTON AND PHILADELPHIA
EXCHANGES.
1U4
Short-Term Notes
Am Cig ser A 4s T1..M F
>«r.‘
4
Boston.
Week ending
Jttue 3 1910.
Listed
shares.
Saturday
Monday
Tuesday
Wednesday
Thursday .....^
Friday
Unlisted
shares
Philadelphia.
Bond
sales.
Listed
shares.
Unlisted
shares
.....
Total
16,849
27,547
12,483
32,429
89,308
bond prices
are
now
Street Wei'ways
15,578
27,422
13,946
26,749
$27,180
45,240
35,140
23,340
14,528
17,853
8,806
26,995
12,091
17,075
9,523
22,117
$92,300
78,225
68,000
79,675
83,695
$130 900
68,182
61,406
$318,200
New York Ci v
Blecck St A Fu F stir. 100
e 1st mtge 4s 1950 J-J
rll'y A 7th Ave stk__100
e 2d mtge 5s 1914..J-J
Con 5s 1943—See Stock
B’way Surf 1st 5s gu 1924
eCent’ Cro~»st’n stk__100
e 1st mtge 6s 1922.M-N
t Cen Pk N & R R stk.100
e Clir't’r A 10th St stk 1D0
Co! & 9th Ave 5s See Stock
17
50
124
e
1st cold 5s 1932
J-D
e Scrip 5s 1914
F-A
Eighth Avenue stock. 100
e Scrip
6s 1914
F-A
t 42d A Gr St F'y stk. 100
42d St M A St N Ave.100
As*
997*
1st
100
....
80*
24
80
Exc
85
40
90
list
981- 102
40 *
50
250
300
100
1 95
200
220
'
1st mtge 6s 1910.M-S
2d Income 6s 1915.J-J 1 50
Inter-Met—See Stk Rxch ange
Lex Av A PavF 5s See Stk Exc
e
Metropol St Ry—See Stk Exc
Ninth Avenue stock..100 160
Second Avenue stock. 100
14
e 1st Al 5s'09 ext TO M-N
9912
Consol 5s 1948
F-A
50
Sixth Avenue stock
100 120
Sou Boulev 5s 1945...J-J
60
So Fer 1st 5s 1919...A O
88
Third Avenue—See Stock Exc
Tarry W P & M 5s 1928 t 50
YkersStRRSs 1946 A O
75
28th A 29th Sts 5s ’96 A-0 1 15
e Twenty-third St stk. 100
20!)
Union Ry 1st 5s 1942.F-A 100
Westchest 1st 5s ’43 J-J
65
Street
Railways
_
list
76
104
99>*
100
Railroad
.........100
z87U
J-D
8512
88*4
Industrial and Miscel
86I2 Adams Exp g 4s t947 J-D
Gold HIU
50
100
100
.-,.100
Copper
Havana Tobacco Co__100
Preferred
100
1st g 5s June 1 ’22 J-l*
98
28
60
97
103
Hecker-Jones-Jewell
1st 6s
921
13
84'2
I84
9834
9814
138
83
873/
221*
00
12
70
03'
101
M-i*
Her’g-Hall-Mar. new.lOo
Hoboken Land A Imp 100
a 5s 1910
Houston Ol'
Preferred
Hudson Realty
98
72
86
89
Vo *
16
*1.
a
M-N
100
...loo
Ingersoll-Rand
180
185
87
38
45
41;
6s
100
com.lOo
1919
I?’1
9
60
12
62
103
35
105
40
997
6
32
110
100
97
.....
2d
8
*7‘>
a Preferred
100
Intercontin’ti Rubber.100
201
991* Intemat’l Bank’g Co.100 110
98
Internat” Mer Mar—See > tk E*
98*4 International Nickel.-too 1621;
98
Preferred
lOi
91
lst g 5s 1932
991*
A-O
92I:
97N International Salt.... 100
6
1st g 5s 1951
1001:
A-(
53
International Si’ver__10<>
63
Preferred
IOOI2
.too
L08
1st 6s 1948
1001
J-D 110
1013j Internat Smelt A Refg 10o 120
9834 internat Tlm^ Reco-d.10*.
159
Preferred
10l
9V1j
100
A
Jones
Laugblln Steel Co
IU%
1st s f g 5s 1939..M-N
ion
101ir
aLackawanna
Steel... 100
41
9612
e Tern n^w 5s 1950.M-:
97
98'
e Tem deb 5s 1915._M^
96
1013s La ns ton Monotype
100 V8J4
97
Lawyers' Mtge Co
100 25o
99* a Leh A Wilkes-B Coat 50 250
100»8 a LorlUard (P) prer
100
140
Madison Sq Garden
100
35
93
ISO
120
155
122
22:
103
10
140
Mil
1922,.
22
ist
L6S
98
»4
8
56
i*12^
14U**
iOO
105
102
45
86
84*
267
45
M-N
Manhattan Transit
20
Monongabela R Coal.. 50
Preferred
50
Mortgage Bond Co.
100
•Nat Bank of Cuba
_10<
Nat’l Surety
100
e Nevada Cons’d
Copper
Nev-Ulah Min A Snu> 10
f New Central Coal
2<>
NY Air Brake 6s—See Sth
<N Y Biscu.t 6s J911.Ma New York Dock
10;
a Preferred
10
N Y Mtge A Security.lOi.
N Y Transportation.. 2t
Niles-Bem-Pohd com. 10.
...
Ntpissing Mines
Ohio Copper Co...
i
lo
Ontario S'lver
.100
Otis Elevator com....100
Preferred
100
Pittsburgh Brewing.. 50
Preferred
1
12?g
84»,
1
Greene-Cananea
2o
Guggenheim Kxplor’n 100
e Hackensack
Water Cc
Ref g 4s ’52 op T2. .J-J
Hall Signal Co coni.. 100
00
100
a
Ask.
Preferred
75
i.100
General Chemical
1 Ou
IU0
e Preferred
10(.
103
Goldfield Consol Mines.1() *87in
115
115
75
....
See Stk
Gold 4 M* 1936
Electric Boat
100
_10o
J-D
e
75
118
110
-
Wash Ry & El Co....100
4s 1951...
Ask
Preferred
Bid
*H-
Match Co. 100
e
32
53
-
4s g 1949.....M-N
So J Gas El A Trac.lOO
Guy 5s 1953...M S
No Hud Co Ry 6s 14 J-J
5s 1928
J-J
Ext 5s 1924
M-N
Pat City con 6s ’31.J-D
'
2d 6s opt 1914..A-0
So Side Ei (Chic) —See Cb
Syracuse R T 5s *46..M-S
Trent P A H 5s 1943.J-D
United Rys of St L—
Com vot tr ctfs
.100
e Preferred
.100
Gen 4s 1934—See Stock
Preferred
781*
Chic Gt Woom tr ctfslSa* Stoc
Exc
107>- 1081?
ePreferred trctf«__f
list
240
Chic Peo A St L—
104
Prior Hen giHs’SO. M
87
92
Con mtg g 5s 1930. .J-J
50
74ij 76
Income 5s. July 1930.. 1
’*5
*136
142
Chicago
2h
.100
21 r
973
981, Kansas Subway
City Sou 5s Apr 1
103
105
1950—See Stock Kxch ange '1st
104
106
Nat Rys of Mexico—See S
Exc list
10:)
98
Northm Securities Stubs. 105
110
114
116
Pitts Bess A L E
50 *33
35
100
Preferred
50
♦33
74
Icago ist
Railroad Securities Co—
IOD2 10312
III C stk tr ctfs ser A' 52
93
65
95
Seaboard Company—
1st preferred.
100
75
76
15
1514
Com A.2d pref—See Bal
Ex
list
6534 66
Seaboard Air Line—
Exc list
Coll 5s ext May'll.M-S
991* 99*4
Exc list
West Pao 1st 5s '33— M-S
9J3
9P4
*33 >8 34
1st 5s 1921
A-O
J C Hob A Paterson—
UnltRys San Fran
list
list
170
18
75
101
New’k PasRy 5s ’30 J-J
Rapid Tran St Ry_. 100
Davis-Daly
Copper Co_?.<
Diamond
e
duPont(EI) deNemPo
97
951.
93
98
101
96
South Ry g 5s 1913..F-A
Tidewater 6s, 1913 guar
Wabash 4 Hs ..19H.M-N
West Telep AT 5s T2.F-A
Westingh'e El AM 6s 1910
' f.’
Bid
Pub Serv Corp N J (Com
Cons Tract of N J..100
1st 5s 1933
J-D
21
60
140
98>r
Exc
103
Dry DEB A.B—
St L A S F4HsT2op_F-A
5s Mch 1 1913
M-S
“and interest'' except where marked
Bid
53
77
95
976*
Balt AOhlo.J4sT9ir.J-D
98»*
Bethleh vteel Os T4..M-N
97
Chic A Alton 5s *13..M-S
985*
Cln Ham A D 4s 1913.J-J
961
C C C A St L 5s, June ’ll
1001*
Hudson Companies—
6s Oct 15 1911
A-0
991
6s Feb 1 1913
991
F-A
R
Interb
T g 6s 1911.M-N
10H/
K C RyALlght 6s T2.M-S
98i
Minn A St L g 5s ’ll.F-A
99l4
* N Y O
Lines Eq 5s'10-27 Mtrjf
N Y N H A H 5s ’10-T2 100
Bond
sales.
Outside Securities
All
8834
31
9834
Ser B 4s Mch 15 ’12 M-S
HOLI DAY
HOLI DAY
...
1231-
S6
4J
67
29
.
>*»
Industrial and M scel
Preferred
71
114
l'xxxx.
Con Steamship Lines—
Coll tr4s 1957 rets.‘‘J-J
1
Crucible Steel.
lOi
a Preferred
tot
90
Empire Steel
Amer Tel eg A Cable. 100
e Central A So Amer. .100
Comm’l Un Tel (N Y). 25
Jan. 1 to June 3.
1909.
Ask
list
Telegraph and Telephone
$65,522,100
115,179,700
68,856,000
130,488.800
New York Stock
DAILY
Bonds.
U. S
Bonds.
HOLI DAY
HOLI DAY
...
Sales
Stale
Bonds.
,
Bid
Chic Edison Co—Sea Ch< cago
Gr't West Pow 5s '46.J-J
85
a Kings Co El LAP
Co 100 122
Narragan (Prov) El Co. 50 ♦861.
NY AO El L A Pow Co 100
47 '
Preferred
100
70
United Elec of N J
100
75
1st g 4s 1949
.J-D
77
Western Power com. 100
28
Preferred .........100
51
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
Week ending
June 3 1010.
[Vox.,
50
Stk
Pittsburgh Coa.—See
Pope Mfg Co com......100
*i\
*8
-21
112
104
260
*193
22
117
108
*20*ii
«!•-
30
90
Exc
1st
100
29
80
203
*5
100
83
TO
6
(02
*11‘f
♦2
214
541;
90
*221*40
Exc
Hi
80
*100
144
118
105
107
120
Ahmeek Mining
._2o t
60 " Gas Securities
Alliance Realty
...100 fl5
Preferred
130
.100
American Book....-.100 143
Pratt A Whitney pref.100
New York
85
American
118
Brass....-.100
Producers
Cent
Un
92
Gas 5s 1927 _J-J 100
100
Oil...
10114 American Chicle oom.100 217
Realty Assoc (Bklyn) .100
list
Con Gas (N Y)—See Stk Exc list
Preferred
100 10J
Royal
Bak
Powd
e Mutual Gas
80
com.100
.100 158
Am Graphopbbne com 100
81
Preferred
loo
83
New Amsterdam Gas—
Preferred
.....100
19
Safety Car Heat A Lt.100
30
1st consol 5s 1948..J-J
991; 101
Amer Hardware
.100
118
Seneca
1V2"
Min'ng
223
NYAERGas 1st 5s '44 J-J 102 104
25
Am Malting 6s 1914..J-D 102
103
Singer Mfg Co
102U
100 565
Consol 5s 1945
J-J
95
100
Amer Press Assoc’n_.100
97
102
South
Iron
A
S
com
100
75 ‘ N Y & Richmond Gas. 100
16
42
50
Am St Found new—See S tk Ex list
Preferred
N YA WestchesterL’ht’g—100
28
6s
1935.
99
A-O
Brooklyn
Standard Cordage....100
101
Deb g 5s 1954 guar.J-J
99
102
Deb 4s 1923
Atlan Avenue RR—
65
F-A
1st M g 5s ’31 red. A-O / JW
Nor Un 1st 5s 1927..M-N
70
99
101
American Surety
Con 5s el 931
225
50
235
A-O 102
Adjust M 5s Apr 1 1931
e
104
Standard Gas com.. 100
55
/2»;
American Thread pref
BB4WE5S 1933.. A-0
*41)
51> Standard Coupler com 100
97
a Preferred .......100
102
36
to
Am Tobacco Go com..100 420
Brooklyn City Stock 10 160 165
5
Preferred
1st 5s 1930
.100
100
M-N 102
106
Amer Typefders com.100
Con 5s—S^e Stk Kxch
43
45
Standard Milling Co..100
ange list
15
Preferred
Bkln Hgt* 1st 5s 1941 A-O
100
98
102
Pre'erred .........100
95
100
Other Cities
48
Deb
Bkln Queens Co A Sub—
g
6s
1939
M-N
98
100
1st
5s
1930
Am Gas & Elec com
M N
82
50 *45
47
Amer Writing Paper.. 100
e 1st g 5s '41 op '16. J-J
2
3
Standard
OU
of
1C2
Preferred
N J..100 618
991)
50 *40
421;
Preferred
100
22
elstcon 5s '41 op'10 M-N
Swift A Co—See Bost Stk Exc
25
951? 971- Amer Light A 'Tract..100 280 285
1st s t g 5s *19 op ’09 J-J
87
Bklyn Rap Tran—See Stk Exc list ’
89
1st
5s—.Sw?
Preferred
Chic
Stock Exc
100 104
106
AtlGf AwIndSSL'nes.lOO
101
Coney Isl A Bklyn..100
1034 Texas Company
75
Bay State Gas
50
.100 200
Preferred .........100
1st cons g 4s 1948..J-J
197*
e
Texas
A Pacific Coal 100
78
83
Bingh'ton (N Y) Gas Wks
100
Col tr g 5s 1959
Con * 4s 1955..
64
J
J
"
63
j-J 75
Title
Ins
Co
of
80
1st g 5s 1938
N Y...100 145
A-0
97
99
Brk C A N 5s 1939.J
25
Barney
A
Car._100
Smith
35
95
100
Tonopah
Min
Brooklyn Un Gas—SeeStk Exo list
(Nevada) 1
*8
Preferred
100
Bings C El 4s—See Stock Exc •1st
10219 Trenton Potteries com 100
Buffalo City Gas stk.. 100
4
4l4
S'i Bethl’m Steel Corp—See S tk Ex list
Nassau Eteo pref
100
1st 5s 1947—See Stock Exc mil
Preferred. new
..100
Bliss
5s
125
1944
Company
com..
50
130
Trow Directory...... 100
A-O 103
105
Con Gas of N J 5s
25
93
96
Preferred
1st 4s 1951—See Stock Exc list Consumers’ L H A ’36.J-J
50 125
135
Underwood Typew pf 100 10ui?
Pow—
Bond A Mtge Guar... 100 240
N W’bg A Flat 1st ex 4 Ms
250
Union
90
95
5s 1938
Typewriter com 100
50
J-D ilo
Borden’s Cond Milk..100 11234 113i2
Steinway 1st 6s 1922..J-J 103 107
1st preferred ......100 108
Denver Gas A Elec... 100 155
160
Preferred
.....100 104l2 10512
2d preferred
Gen g 5s 1949 op.M-N
108
100
92
93
British Col Gopper...
Other Cities
*5*8
Un'.ted Bk Note Corp. 50 *43
Elizabeth Gas Lt Co..100 300
Butte Coalition Mining 15 *17
Buffalo Street Ry—
Preferred
18i4
Essex A Hudson Gas.100 *132
50 *5284
142"
Casein
1st consol 5s 1931..F-A 103
Co
of
Am
cornel00
234
United
314
105
A
El
Gas
Cigar Mfrs_.._100
69
Bergen Co.-lOO
76
78
Deb 6s 1917
Preferred
60
.....100
A-0 104
70
a Preferred
105
e Gr Rap 1st 5s ’15.F-A
100
104
100
101
Columbus (0> St Ry..l00
Casualty Co of Amer.. 100 125 140
United
95
98
Hudson Co Gas
Copper.......100
51100 187
140
Celluloid Co
Preferred .........100 103 106 Indiana
...100 125
128
Preferred .........100
15 *
Lighting Co.. 100 32
34
Colum Ry con 5s—See Pbl la
Cent
Fireworks
2
oom_.100
4
U S Casualty........100 215
list
4s 1958 op
F-A
64
66
Preferred .
Crosst'wn 1st 5s ’33 J-D
.....100
20
80
U S Envelope 00m...100
106
Indianapolis Gas..... 50
52
15
20
Central- Foundry..... 100
# Conn Ry A Ltg com.100
Preferred .........100 115
74
7512
1st g 5s 1952
A-0
80
85
a Preferred
Preferred
100
.......100
US Finishing .......100
79
Jackson Gas 5s g ’37. A-O
81
99
90
95
1st A ref 4 Ms—See Stk Exc
Deb 6s 1919 op ’01. M-N / 40
44
Preferred .........100 109 '
list
e Laclede Gas........100
IO2I4 102?* Chesebrough Mfg Co . . 100 725 800
Grand Rapids Ry pref.100 •; 85
1st g 5s 1919
88
e Preferred .......100
J-J
100’
85
98
eLouisv St 5s 1930.. J-J 105
City Investing Co..—100 69
72
Con g 5S 1929
10514 Madison Gas 6s
J-J
95
Preferred .........100 105 116
Lynn A Bos 1st 5s ’24 3-D 104 1061* Newark Gas 6s 1926.A-0 103 108
US Steel Corporation—
1944..Q-J 127 131
e Claflin (H 3) com..100
iNew Ort Rys A Lgt.100
110
115
Col
tr
s
f
5s
2214
'51
22*4 Newark Consol Gas. .100
opt *11 11414
e
98l2 9912
e l*t preferred—.100
Preferred .......100
94
100
Col tr s t 5s ’51 not
60
e Con g 6s 1948...J-D
opt 114i4
106 103
1
Gen M g 4 fcs ’35—See S tk 57l2
e 2d preferred .....100
96
100
U S Tit Gu A Indem..l00 110
Ex list No Hudson L H A Pow—
Pub Serv Corp of N J.100 117
Col A Hock Coal &I pf 100
eUtah Copper Cp—See Stk Exo
119
5s 1938..
..A-O
110
Tr ctfs 2% to 6%perpet
1st * fie- -1917
J-J / 60
70
98
Waterbu y Co com...100
102
Pacific Gas A E, com.100
551? ^561?
GoLtr 6e Oct 1956..J-J / 50
North Jersey St Ry. lOO
79'i
60
Preferred .-.*.*---100 ....
*.u.
; Preferred
......100
86 ob 87*2 Consol Car
** 1848
M-N
a.
Heating...100 salt 3812 Westchester A Bronx Tit
77
79
Pat A Pas Gas A Elec. 100 mi *>5
Cone Ry Let A Refrig. 100
mils.'
-utt
A Mtge Guar.w.—100 160
t Con g 5s 1949
M-S
99 401
Consol- Rubber Tiro..100
3*4 •611- WestingiTse Air Brake.50 *1361?
St Joseph Gas 5s 1937-J-J
93
96
Preferred .........100
16
25
West & A Mfg 5s—SaaStk Exo
Debenture 4s lift! .A-O 1 35
40
Worthing Pump pref.100 104
.......
III4,
1"
551§
99
22*4;
42
ist
70
81
TO
148
122
1081*
131
565*
20
42
....
_
...
...
.....
...
__
a
Ex-rights,
9 Basis,
c
Sells on Stk, Ex.: but not very active.
3I4
19
52
85
623
lift
list
206
105
150
I1'
60
35
1011*
65
111
110
47
541*
71
108
61*
30
55
118
104
114
105
LOO
llfi
115
120
list
....
.
sharo^
24
V Flat prto*
n
Nominal.
«
Sale price.
*
170
nr
m
Kx-dlr'"' y'kx-rlght^ TStw stooC
June 4
1481
THE CHRONICLE
1910.]
Railroad Intelligence.
tmrestmewt and
KAIL.ROAD
EARNINGS.
GROSS
which regular weekly
monthly returns
The following table shows the gross earnings of every STEAM railroad from
or
The first two columns of figures give the gross earnings for the latest week or month,
be obtained.
columns the earnings for the period from July 1 to and including such latest week or month.
a
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers
can
We add
Curren
Year.
Wee* or
Mo rUH.
ROADS.
Year
Week cr
Month.
ROADS.
Previous
Year.
Current
Year.
Previous
Ju' v 1 to Latest Dale.
Latest Gross Karninos.
July 1 to Latest Date.
Latest Gross Lamina*.
supplementary
some other
brought together separately on a subsequent page.
The relume of the electric railways are
period
and the last two
Previous
Year.
Current
Year.
Previous
Year
Current
Year.
3
Ala N O & Tex Pac
N O & N East—
A’a & VicksburTV cks Shr & Pac_
Ala Term & North..
Atch Top & S Fe
Atlanta Blrm & Ati
Atlantic Coast Line
April
April
Apr!
April
April
3d wk
April
(/Baltimore & Ohio. April
Bangor & Aroostook April
April
Bellcfonte Centra*
April
Boston & Maine
March
1
Bridgeton & Saco
Bull Roch & Pitts.. 3d wk
„
Buffalo & Susq
Canadian Northern
Canadian Pacific—
Central of Georgia..
Central of New Jer.
Central Vermont
Chattanooga South.
.
March
3d wk
3d wk
3d wk
April
March
2d wk
3d wk
3d wk
Chesapeake & Ohio.
Chicago & Alton Ry
Chic Burl A Quincy April
p Chic Great West. April
Chic Ind A Louisv
Chic lnd A Southern
Chic Mllw A St Paui
Ch Mll A Pug Sd.
Chic A North West.
Chic St PM A Om_.
_
248,080 2,930 886
308,998
128,827 1,428,083
133,775
107,851 1,220 086
106,215
70,428
4,916
7,523
87,442,681
8,021,626
9,386,631
36,944 2,327,026
56,480
May
2,812,401 2,310,604 25,198,598
7,211,382 6,048,186 71,513,846
252,180 2,531,521
265,494
59,939
4,708
7,530
3,539,685 3,242,023 36.082,148
38,985
3,573
4,518
152,926 7,854,971
193,919
May
1,715,506
199,094
171.943
171,600 11.233.300
May
286,600
83,109,328
1,492,000
May 1,812,000
179,300 10,925,991
189,900
May
2,481,546 2,228,572 23,314,933
298,266 2,833,045
329,075
81,292
1,174
2,219
May
539,111 27,826,667
557,563
May
246,002 11,969,206
255,825
May
6,803,593 6,054,599 73.951.300
797,145 10,002,580
1,095,331
103,810 5,306,750
120,411
May
____
....
3d wk
—See New
March
March
1,225,920 1,073,751 12,642,093 11,369,658
....
February
—
Kansas City South
K C Mex A Orient—
949,603
812,144
7,832,331
6,602.905
1,787,360 1,761,814
14,913,026 13,546,214
.
April
April
March
April
3d wk
3d wk
3d wk
3d wk
3d wk
March
3d wk
April
April
April
April
April
—See
3d wk
2d wk
2d wk
2d wk
47,436
49,053
.
191,119
191,263
496,968
508,014
86,105
170,645
12,073
17,201
273,419
364.736
26,832
30,891
1.766,921
226,657 2.100,73:
278,594
1,760,252 1,540.813 14,829,339 13,904,584
3,116.490 2,826,271 29.732.600 27,851,423
384,800 20,854.271 18,381.800
419,400
May
570,658
862,275
13,027
19,230
May
28.276
24.975 1,395,021 1,873,940
May
1,552,450
31,066
1,659,845
30,100
May
19,197 1,089,173 1,021,212
21,433
May
100,152 6,809,623 4,938,127
125,662
55,019 2.900.884 2.382.883
67,567
May
666,289 6,071,891 6,013,350
674,682
4,282,670 3,992,489 45,691,161 41.731,028
17,341
21,427
1,988
2,676
632,737
745,549
70,285
82,456
214,735 2,593,788 2,412,230
244,851
....
Sout hern Rail way.
May
May
May
May
851,044
121.944
39,662
42,562
5,074 217
169,018
425,260
5,114,834
AprU
3d wk May
128,000
Miy
157,420
May
March
71,017
252,167
April
860,048
3d wk May A 33,000
3.306,136
April
Lehigh Valley
45,150
Lexington A East.. April
Inc 81,
April
Long Island
122,157
Louisiana A Arkan. April
124,008
Louisv Hend A St L .larch
s Louisv A Nashv— 3d wk May 1,029,290
9,094
Macon A Blrmlng’m April
697,894
Maine Central.... April
3,679
April
Manlstlque
40,082
Maryland A Penna April
192,973
a Mexican Internat. 3d wk May
615.700
a Mexican Railway. 1st wk May
—See New York Cen
Michigan Central
751,983 38,870,127
101,748 5,391,181
34,382 1,741,611
40,645 1,768.939
3,887.371 52,576,527
153,326 1,781,276
391,277 6,217,480
4,391,602 52,270,800
138,000 7,653.259
165,880 6,896.135
56,135 3,022,206
158,100 2,082,898
769,321 7.974,274
27,900 1,583,437
2,866,980 29,734,691
374,403
42,417
Inc 975
550
34,644.382
4,834,454
1,460,257
1,561,874
44,631,159
1,582,280
5,013,118
47,961,430
7,324,194
6,402,176
2,710,923
1,634,264
7,370,376
762
995,408
104,030 1,094,140
770.117
896,566
82,956
822,680 46,571.374 40,758,650
120,639
121,818
10,002
647,825 7,401,426 6,892,516
39.454
32,547
3,132
314,484
342,813
37,490
148,807 7,856,186 6,131,704
166.200 6,785,900 6,022,900
tral.
....
.
AGGREGATES OF GROSS
Cur'nt Year Pret’s
*
2d
3d
4th
1st
2d
3d
4th
1st
2d
3d
(45 roads).—. *12,145,513
143 roads)
12,423,300
(49 roads)
19,459,324
Apr (44 roads).... 12,373,504
roads)....
12,201,623
Apr (40
Apr (42 roads).... 12,229,790
Apr (44 roads)..__ 16,759 458
12,190.260
May (45 roads)
week May (46 roads).... 12*383,885
12,474,681
week May (45 roads)
week
we?k
week
week
week
week
week
week
a
N. Y.
Mch
Mch
Mch
Peoria &
Year
$
10,841,217
10,792,998
16 567,644
11,053,524
10,672,458
10,714.807
14,156,647
10,473,086
10,762,798
10.784.565
Eastern
March
March
March
March
March
March
Marc a
March
March
March
March
March
March
Cincinnati North.
Pitts & Lake Erie
Rutland
N Y Chic & St L.
Tot all lines above
Tol & Ohio Cent.
N Y Ont & Western April
N Y N H & Hartf— April
N Y Susq & West..
Norfolk & Southern
Norfolk & Western.
Northern CentralNorthern Pacific
Pacific Coast Co
April
AprU
April
AprU
April
...
Inc. or Dec.
397,123
730,414
5,079,352
286,047
246,706
3,085,330
1,066,602
6,186.156
575,848
3,771,415
....
....
....
....
....
....
....
259.940
689,987
4,692,471
304.941
220,912
2,413,271
1,052,102
5,280,862
539,578
3,292.152
8,796,098
2,127,149
6,969,727
3,285,489 3,228,945
7,032,938 6,929,285
49,874,221 44.758.598
2,905,826 2,758,693
2,216,713 1,987,633
29,009,257 24,059,982
10,767,881 9,666,781
61,191,356 56,861,083
5,926,951 4 753,126
43,499,271 33,716,614
1,540,973 1,442,173 14,871,974 13,861,374
2,602,289 2,226,656 27,965,947 22,770,942
117,329
134,181
13,507
13,909
....
Company.
4,234.635 3,476,012 37,462,644
4,433,099 4,633,805 28,2 o5,903
8,667,734 8,109,817 o5.713.547
181,134 1,616,211
March
220,9311
R'ch Fred & Potom
799,842
73,740
March
84,918
Rio Grande June
472,456
10,362
11,354
Rio Grande South— 3d wk May
5,034.159 4,618,013 55,248,298
Rock Island System April
140,994
128,829 1,256,692
St Jos & Grand 1st. March
3.189,471 2,997.852 34,849,884
St Louis 8b San Fran April
Phlla & Reading. AprU
Coal & Iron Co__ April
Total both C03
AprU
33,642,088
30,292,772
G3,934,860
.....
....
Chic & East III—
J Evansv & Ter H
Total of ail lines.
St Louis Southwest.
San Ped L A & S L.
Seaboard Air Line. |
Atlanta 8s
Blrm.}
Florida W Shore j
Southern Indiana..
Southern Pacific Co
Southern Ry
Mobile 8b Ohio.—
Cin N O 8b Tex P.
Ala Great South.
785,302 10,030,316
737,747
165,443 2,058,381
174.762
4,101,980 3,948.597 46,938,581
234.703 10,118,527
4th wk May
248,998
289,411
638,390 5,004,505
March
April
April
April
...
1 403,067
646,203
516,239
51,000,505
1,238,774
31,707,141
8,663,668
1,780,423
42,151,233
9,546,379
5,275,747
359,311 17,890,130 15,851.619
386,607
3d wk May
881,641
99,690 1,059,947
9,926,274 112269 067 100151 827
902,581 51,215,682 46.336,928
May 1,049,190
190.246 9,380,393 8,747,385
210,248
May
153,354 8,018,306 6,931,601
190,800
May
66,151 3,717,158 3,165,908
88,207
May
37,806 2,103,779 1.782,892
37,955
May
932,679 1,076,700
15,345
13,781
May
238,782 14,208,068 13,176,320
255,275
May
61,803
67,443
7,840
7,218
973,061
22,532 1,039,321
19,048
May
3,059,077
67,589 3.352,856
86,572
May
128 757
10833 201
March
April
3d wk
3d wk
3d wk
3d wk
Georgia So 8b Fla. 3d wk
3d wk
Texas Central..
Texas 8b Pacific.... 3d wk
Tidewater 8b West. AprU
Toledo Peor 8s West 3d wk
Toledo St L 8s West 3d wk
68*039
70,838
7,269
7,463
Tomblgbee Valley.. AprU
7,353,335 6,242,876 75,183.891 65*368,499
Union Pacific Syst. AprU
695,041
710,182 8,135,180 7,356,454
Vandalla
April
981,133
78,869 1,017,930
99,058
Virginia 8b Sou West April
673,065 26,348,251 23.566.598
4th wkMay
718,078
Wabash
500,699 5,188,270 4,488*500
656,420
Western Maryland. March
438,214 4,910,384 4,478,284
435,114
W Jersey 8s Seash.. April
426,717 5,711,544 4.639.577
468,939
Wheelin' 8s L Erie- April
1,979
2,191
White River (Vt)._ 3wksMch26
233,179
269,387
16,914
23,630
Wrightsv 8s Tenn__ AprU
8,782*393 8,666,460
749,904
794,729
Yazoo 8s Miss Vail. AprU
....
....
....
Period.
Various Fiscal Years.
Jan 1
Beliefonte Central
Delaware 8b Hudson.......... Jan 1
Jan
Jan
Jan
e
Jan
Jan
Chicago Indiana 8b Southern. Jan
Jan
Michigan Central
...
Cleve Cin Chicago 8b St Louis. Jan
Jan
Peoria 8b Eastern.
....
Cincinnati Northern—..... Jan
Pittsburgh 8b Lake Erie..... Jan
Jan
Rutland
New York Ohioago 8b St Louis Jan
Jan
Total all lines (11)
Jan
Northern Central
........
Jan
d Penn—-East of Pittsb 8s Brie.
Jan
d West of Pittsb 8a Erie
—
Phlla Baltimore 8b Washington. Jan
Pittsb Cin Chicago 8b St Louis.. Jan
Deo
Rio Grande Junction
Jan
Texas 8b Pacific..........
Jan
Manlstlque
a
.......
Mexican Railway
N Y Central 8b Hudson River.
Lake Shore 8s Michigan South
n Lake Erie 8b Western
...
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Current
Previous
Year.
Year.
to April 30
323.806
to Mch 31
4,528.156
12,772
to Apr 30
7 2,943,900
to May
to Men 31 22,501,920
to Mch 31 11,711,542
to Mch 31
1,324,661
1 103,018
to Mch 31
to Mch 31
6,860,916
to Mch 31
7,186,622
Mch
31
to
781,289
to Mch 31
289,309
to Mch 31
4.048,744
to Mch 31
647,159
to Mch 31
2,775,397
to Mch 31 59,230,577
to AprU 30 4,100,227
to April 30 52,894,929
Inc 6,34
to AprU 30
to April 30
5,716,136
to April 30 11,196,365
to Mch 31
308,617
to May 21
5.865,585
to AprU 30
1,542,978
$19,975
4,294.007
13,407
2,578,400
20,089,723
9,787,478
1,046,295
737 257
6,057,879
6,095,791
665,098
.260,077
2,501,192
605,436
2,257,290
50,103,696
3,719,127
45,530,129
2,400
5,397,236
8.826,148
262,563
5,256,565
1,412,078
3
+ 1,632.302 15.12
+ 2,891,680 17 45
+1,319,980 11.94
+ 1.529,165 14.33
+ 1,514,983 14.21
+ 2,602.811 18.38
+1,717,1741 16.39
+ 1,621,087 15.06
-*-1,890,116 15.67
Cur’nt Year Prev’s Year Inc. or Dec.
Monthly Summaries.
%
$
July 1903 (885 roads).
Aug 1909 (883 roads)
Sept 1909 (882 roads).
1909 (881 roads).
Oet
Month Nov 1909 (756 roads)
Month Dec 1909 (756 roads).
Month
Month
Month
Month
_
.
Month
Month
Month
Month
d Covers lines directly operated.
Ry., the latter of which, being & Canadian road, does not make returns
2,131,042
842,690
EARNINGS—Weekly and Monthly.
+ 1,304.296 12.03
Jan
Feb
Mch
Apr
1910 (740 roads).
1910 (773roads).
1910 (739 roads).
1910 ( 50roads).
219,964,739
236.559,877
246,065,956
222,006,184
247.370.954
260.613,053
210,302,219
202,258,490
234,804,449
60,761,753
195,245,655
206,877,014
219,013.703
205,455.121
211,281,504
232,261,182
182,649,825
174,159,723
203,220,595
Includes the Northern Ohio RR. V
%
12.86
+24,7*9,084
+29,682,863 14.35
+ 27.052,253 12.35
8.05
+ 16.551,063
+ 36,089,450 17.08
+28,351.871
+ 27,652,394
+28,098,767
+31,583,854
52.437,828 +8,323,925
.
„
12.21
15.14
16.15
15.54
15.87
.
/ Includes Evansville «
Includesfrom Nov- 1 1909.
to the Inter-State Commerce Commission.
o Includes
the Cleveland.Lorain
and
Wise. Minn.
& Pacific, hs Includes
& Wheeling
LoulsvUle & Atlantic
years.from
« July 1 1909 and the Frankfort & Cincinnati
Ry. In both
18 949,111
19,526,717
13046 188 11875 388 136319170 117806 570
7/7C.15.6 33,200
Inc.90 1,100
1.353,013 1,187,117 13 373,900 11,826,882
....
....
Mexican currency,
Jndlana
i Ft. Dodge
RR.
35,706,486
31,027,830
3,451,335
2,126,042
21650 670 18209 201 187879 585 161634 227
March
April
d Penn—E of P & E AprU
d West of P & E_ April
Pere Marquette..._ Apr'l
Phlla Balt & Wash. April
Pitts Cin Chic & StL April
Raleigh & Southport April
Pennsylvania Co
cteauin'
8,073,534 7,334,719 73,10- ,012
4,226,539 3,485,23V 36,577,429
479.717 384,03: 4,201 308
240,763 2,899,647
408,977
2,572,946 2,259,012 21,686,015
2,690,818 '',186,121 22,336.339
246,056 2,471,762
277.718
042,367
108,629
119,013
880,180 13,105 047
1,524,745
223*597 2,379,536
247,014
860,356 8,180,129
1,029,649
1,181,521
3d wk May
3d wk May
Weekly Summaries.
Cleve C C & St L.
27.380,947
339,633
736.428
742,256
15.223
13,037
77,388 4,385.317 3,732,943
106,244
Mlnneap A St Louli
2,233,637 2,001,752 22,689.205 21,619,520
Missouri Kan A Tex April
364,985 21,387,322 17,856,828
417,413
Minn St P A S S Ml 3d wk May
Chicago Dlvislonj
518.429
660,077
79,548
64,595
Mississippi Central March
Mo Pao A Iron Mt]
783,000 47,198,522 41,421,119
920,000
Central Branch .j 3d wk May
892,430 9,604,447 9.312.884
970,625
Nashv Chatt A St L April
962,070 45.735.600 43,041,956
a Nat Rys of Mexico 3d wk May 1,097,231
350,923
403.737
9,864
8,500
Nevada-Cal-Oregon 3d wk May
50,290
40,381
4,220
3,762
February
Nevada Central
490,518
59.922 1,270,074
146,580
N O Great Northern AprU
26,445 1.510.824 1,334,473
31,152
N O Mobile A Chic. Wk May 21
Mineral Range
Michigan Central.
-
April
April
April
3d wk
3d wk
71.981
23,427,979
11,325,282
60,046,113
9,074,159
4,692,583
1,004,5951
5,787,015' 4.942,764 61,521,569 55,032,552
April
April
Colum Newb A Lau
Cornwall
Cornwall A Leban
Cuba Railroad
Delaware A Hudson
Del Lack A West
Denv A Rio Grande
Denver N W A Pac.
Det Tol A Iront Sys
Ann Arbor
Detroit A Mackinac
Dul A Iron Range._
Dul South Sh A Atl
El Paso A Sou West
Erie
Fairchild A Nor E_.
Fonda Johns A Glov
Georgia Railroad..
Georgia South A Fla
Grand Trunk Syst. _
Grand Trk West.
Det Gr Hav A Mil
Canada Atlantic.
Great Northern Syst
Gulf A Ship Island.
Hocking Valley
Illinois Central....
Intemat A Gt Nor.
a Interoceanlc Mex.
Iowa Central
Kanawha A Mich..
53,329
78,292,899
1,858,504
21,958,463
61,876,920
2,453,972
57,133
32,739,889
37,195
6,263,893
1,741,890
8,650,700
67,412,488
10,152,368
21,414,148
2,615 712
5,793,837 5,064,982 48.494 369 45,813.300
88,018
126,448
Chicago Term Trans -larch
606,842
758,031
Cin Ham A Dayton April
Clev Cin Chic A St L —See New York Cen tral.
180,020
March
169,868
Colorado Midland
266,101
303,846
Colorado A South. 3d wk Apr
25 772
25,898
February
Copper Range
1 184 722
York Cen tral.
....
__
2,605,591
1,336.456
5NYC4 Hud Riv
Lake Shore & M S
n Lake E & West
Chic Ind & South
earnings of MasonClty
1482
THE CHRONICLE
Latest Gross
May
Earnings by Weeks.—For
the third week of
final statement covers 45 roads and shows 15.67%
increase in the aggregate over the same week last
year.
our
Third Week oj May.
1910.
$
Previously reported (31 roads)_ 11,292.741
Alabama Great Southern
Atlanta Blrm & Atlantic
Cine New Orl & Texas Pacific..
Denver Northwestern Ae Pacific.
Detroit Toledo Ae Ironton
Ann Arbor
Duluth South Shore & Atlantic.
Georgia Southern Ac Florida
Mineral Range
Mobile & Ohlo.-_.-_-.-
Nevada-Callfornla-Oregon
New Orleans Mobile & Chicago.
Seaboard Air Line
Texas Central
88,207
56,480
190,800
1909.
153,354
13,027
24,975
31,066
37,446
6,203
55.019
12,548
37,806
15,223
190,246
9,864
26,445
359,311
15,345
149
966
.
1,364
...
4,707
27,296
Mobile & Ohlo.b
.Apr
927,439
July 1 to Apr 30
8,786,382
Georgia Sou Ac Fla.b. .Apr
179,789
July 1 to Apr 30.
1,988,969
1,564
28,024
_
Tomblgbee Valley, b
July 1 to Apr 30
.Apr 7,353,335
75,183,891
.
Vandalia.b
.Apr
695,041
July 1 to Apr 30._
8,135,180
West Jersey Ac Seashore .Apr
435,114
Jan 1 to Apr 30.
1,542,978
Yazoo Ac Miss Valley.a...Apr
794,729
July 1 to Apr 30..
8,782,393
..
_
$
Ala Tenn Ac North.b
Apr
4,916
4,222
2,223
July 1 to Apr 30
70,428
53,329
39,010
29,223
Atlanta Blrm Ac Atlan.b.Apr
203,869
186*026
36,768
17,193
July 1 to Apr 30.
2,181,596
1,747,673
512,882
350,253
Atlantic Coast Llne.a
Apr 2,812,401
2,310,604
1,088,204
783,901
July 1 to Apr 30
25,198,598 21,958,463 8,754,095
7,034,703
Boston & Maine.b
...Apr 3,539,685 3,242,023
1,074,730
1,049,521
July 1 to Apr 30
.36,082,148 32,739.889 10,383,581
9,276,523
Canadian Pacific.a
Apr 7,985,230
6,384,038
2,981,111
2,143,507
July 1 to Apr 30
77,803,558 63,34*£,526 28.565.776 19,140,287
Central of New. Jersey.b_Apr 2,481,546
2,228,572 1,129,022 1,008,515
July 1 to Apr 30
23,314,933 21,414,148 10,652,974
9,245,966
Chesapeake & Ohlo.b
Apr 2,700,954
2,183,233
1,046,098
859,004
July 1 to Apr 30
26,171,899 21,819,486 10,578 472 8,368,357
Chicago Burl & Q.b
Apr 6,803,593 6,054,599 1,538,752
July 1 to Apr 30..73,951,390 66,046,113 21,884,959 1,067,054
21,765,337
Chicago Great Western b Apr 1,095,331
797,145
234,532
45,472
Sept 1 to Apr 30
8,121 f302
7,306,921
2,018,637
1,146,530
Chicago Ac North West b Apr 5,787,015 4,942,764
1,623,828
1,409,953
July 1 to Apr 30
61,521,569 55,032,552 18,257,457 19,541,548
Chic St Paul M & O.b.-Apr 1,225,920
1,073,751
445,033
365,729
July 1 to Apr 30
12,642,093 11,369,658
4,473,951
4,096,356
Colorado & Southern.b.Apr 1,291,770
1,096,856
315,807
259,558
July 1 to Apr 30.
14,054,257 12,796,554
5,104,218
4,234,917
Cornwall, b
Apr
17,201
12,073
7,561
5,1 23
July 1 to Apr 30-.-.__
170,645
86,105
90,055
29,579
CubaRR
Apr
278,594
226,657
130,282
104,884
July 1 to Apr 30
2,100,737
1,766,921
881,647
769,577
Del Lack Ac Western.b.-Apr 3,116,490
2,826,271
1,489,262
1,214,299
July 1 to Apr 30
29,732.600 27,851,423 14,031,566 12,595,442
Denver
Rio Grande.a.Apr 1,906,882
1,723,952
603,878
421,842
July 1 to Apr 30
19,638,453 17,268,952
5,610,539
4,731,890
Erie.a.-Apr 4,282,670 3,992,489
1,189,785
1,003,529
July 1 to Apr 30
.45,691,161 41,731,028 12,875.225 10,827,170
Georgia Railroad_b
Apr
244,851
214,735
54,202
34,433
July 1 to Apr 30-.____ 2,593,788
2,412,230
704,226
478,127
Hocking Valley _b..
Apr
425,260
391,277
94,554
135,767
July 1 to Apr 30
6,217,480
5,013,118
2,334,858
1.618,826
Illinois Central.a
Apr 5,114,834 4,391,602
849,203
800,667
July 1 to Apr 30
52,270,800 47,961,430 10.964.776 10,829,715
tflnteroceanlc of Mexico.Apr
794.306
726,709
315,964
280,330
July 1 to Apr 30
6,431,353
5,902,144
2,300,475
2,004,845
Iowa Central.a
...Apr
264,867
245,694
7)30,380
hi 5,835
July 1 tO Apr 30
2,841,524
2,544,529
7)592,928
7)438,611
Lexington Ae Eastern ^b.Apr
45,150
42,417
14,846
7,076
July 1 to. Apr 30
374,403
339.633
107.402
60,448
Long Island
...Apr
Inc. 81,550
Inc.28,195
Jan 1 to Apr 30
Inc.246,930
Inc.55,628
Louisville & Nashville-b_Apr 4,394,263
3,619,651
1,144,307
1,161,660
July 1 to Apr 30......43,671,252 38,250,290
15,687,999 13,335,071
Louisiana & Arkansas_a_ Apr 1 22,157
104.030
56,543
41,079
July 1 to Apr 30
1 094,140
995,408
400,018
292,296
Maine Central_b
Apr
697,894
647,825
212,281
190,508
July 1 to Apr 30
7,401,426
6,892,516 2,500,924 2,111,228
Maryland Ac Penna.b
Mch
35,876
32,062
11,250
10,441
July 1 to Mch 31
302,731
276,994
88,071
87,319
g Mexican International.Apr
759,413
593 639
309,010
274,254
July 1 to Apr 30
7,303,505
5,743,631
3.062.536 2,315,179
Mlnneap Ae St Louis.a-.Apr
402,418
302,348
fc72 147
Jfcl6,267
July 1 to Apr 30
4.126,543
3,512,650 fcl.118’,546 fcl,006^835
Missouri Kan Ae Tex.b-.Apr 2,233,637
2,001,752
452,761
601,633
July 1 to Apr 30
22,689,205 21,619,520 6,737,982
6,481,291
Nashv Chatt Ac St L.b.-Apr
970,625
892,430
237,300
235,564
July 1 to Apr 30
9,604,447
9,312,884 2,652,699 2,350,641
0 National Rys of Mex_.Apr 5,020,856
4,480,173
2,218,981
1,993,621
July 1 to Apr 30
42,460,146 40,032,085 16,589,928 15,802,320
Nevada-Cal-Oregon_b
Apr
29,991
37,872
13,718
23,854
July 1 to Apr 30
380,976
321,554
199,824
177,936
N Y N H & Hart.b
Apr 5,079,352 4,TO2,471
1,757,942 1,606,716
July 1 to Apr 30...,--49,874,221 44,758,598
18.304,854 14,257,839
tTy Ont Ac Western.a.-Apr . 730,414
689,987
245,191
210,150
July 1 to Apr 30
7,032,938 6,929,285 1,994,464 2,027,273
N Y Susq &
Western.a.-Apr
286,047
304,941
92,825
118,766
July 1 to Apr 30
2,905,826 2,758,693
855,096
905,785
Northern Central, b
Apr 1,066,602 1,052,102
273,654
272,554
Jan 1 to Apr 30
4,100,227 3,719,127
707,562
540,562
Northern Pacific.b
Apr 6,186,156
5,280,862
1,930,383 2,167,328
July 1 to Apr 30
..61,191,356 56,861,083 23,484,332
25,954,869
Norfolk & Western.b
Apr 3,08 5,330 2,413,271
1,208,159
944,271
July 1 to Apr 30
29,009,257 24,059,982 11,840,074
9,484,337
7,463
70,838
_
.
-Net EarningsCurrcnt
Previous
Year.
Year.
S
____
.Apr
Union Paclfic.a..
July 1 to Apr 30
companies reported this week:
$
256,976
2,672,902
41,713
_
2,186
20,002
1,690,116
$
7,523
277,020
2,655,796
16,202
.
Earnings Monthly to Latest Dates.—The table folowing shows the gross and net earnings of STEAM railroads
and
Roads.
$
-
3 301
12,474,681 10,784,565 1,718,140
-Gross EamingsCurrent
Previous
Year.
Year.
%
_
21.944
Net
of industrial
Net Earning sCurrent
Previous
Year.
Year.
...
_
Total (45 roads)
Net Increase (15.67%)
lxxxx.
St Joseph Ae Grand Isl.b.Mch
140,994
128,829
def36,118
32,014
July 1 to Mch 31
1,256,692
1,238,774
142,215
425,144
St Louis Ac San Fran.b. .Apr 3,189,471
2,997,852
954,936
1,163,962
July 1 to Apr 30.
34,849,884 31,707,141 10,580,890 10,585,365
Chic A; Eastern Ill_b- .Apr
737,747
785,302
142,459
280,883
July 1 to Apr 30.
10,030,316 8,663,668 3,210,850 2,713,928
Evansv & Terre H.b .Apr
174,762
165,443
64,723
72,06 5
July 1 to Apr 30
2,058,381
1,780,423
791,118
656,563
Total all lines .b
.Apr 4,101,980 3,948,597 1,162,117 1,516,909
July 1 to Apr 30
46,938,581 42,151,233 14,582,858
13,955,.856
St Louis Southwest’n.a .Apr
819,569
746,207
82,567
47,46 9
July 1 to Apr 30.
9,308,051
8,788,494
2,256,922
1,864,747
Southern Pacific.a
AprlO.833,201
9,926,274
3,239,800 3,348,253
July 1 to Apr 30
112,269,067100,151,827 39,867,230 34,239,819
Southern Railway—
5
■
■Gross Earnings
Current
Previous
Year.
Year.
$
$
Roads.
Increase. Decrease.
$
$
9,749,789 1,564,896
66,151
22,056
36,944
19,536
19,230
28,276
30,100
67,567
37,955
13,037
210,248
8,500
31,152
386,607
13,781
[Vol.
821,065
8,200,982
167,632
1,669,473
457,402
479,291
3,003
2,050
26,958
22,767
6,242,876
2,785,244
2,711,520
65,368,499 33,875,497 31,891,894
710,182
22,170
139,759
7,356,454
2,020,698
1,835,445
438,214
31,554
89,554
1,412,078
28,960
41,860
749,904
52,446
5,881
8,666,460
1,332,109
996,166
7,269
68,039
QUARTERLY RETURNS.
Gross Earnings
Current
Roads.
Year.
$
Net EarningsCurrent
Previous
Year.
Year.
$
$
Previous
Year.
$
Boston 4; Maine_b—
Jan 1 to Mch 31
9,786,274
9,025,362
July 1 to Mch 31
.32,542,463 29,497,865
Central New England.b—
Jan 1 to Mch 31
683,904
591,598
July 1 to Mch 31
2,219,415
1,851,278
Lake Shore Ac Mich So.b—
Jan 1 to Mch 31
.11,711,542
9,787,478
N Y Chic Ac St Louis _b—
Jan 1 to Mch 31
2,775,397 2,2 57,290
Western N Y Ac Penna.b—
Jan
1 to Mch 31
2,010,908
1,657,779
July 1 to Mch 31
6,352,749
5,634,318
_
_
.
.
-
-
INDUSTRIAL COMPANIES.
Gross Earnings
Companies.
Atl Gulf
Current
Year.
Previous
Year.
$
$
Ac
West Indies SS
Lines—Subsidiary cos Mch 1,469,607
Jan 1 to Mch 31
4,081,994
Canton Elect Co
Apr
23,664
Mexican Lt Ac Pow Co .Apr
509,839
Jan 1 to Apr 30
2,094,146
Rockford Elect Co..
Apr
29,561
Wells Fargo Exp Co.b-Feb
928,812
July 1 to Feb 28
9,694,328
g
_
_
2,157,795
8,227,002
304,217
964,864
230,143
698,4 66
3,926,633
3,401,148
960,390
528,125
72,388
807,366
60,242
576,565
Net Earnings
Current
Prev ious
Year.
Year.
$
$
375,484
880,024
18,728
13,535
515,219
2,085,401
384,911
9,438
153,158
1,591,694
1,004,226
26,528
11,016
9,392
880,064
8,274,275
71,241
2,084,178
147,468
2,043,886
.
_
2,136,755
9,308,852
Net earnings here given are after
deducting taxes,
Net earnings here given are before
deducting taxes.
g These results are in Mexican
currency.
h For April 1910 additional Income is
given as showing a deftlct of $13,138,
against a deficit of $676 In 1909, and for period from
July 1 to April 30 was
a deficit of $40,219 In
1910, against a deficit of $59,142 last year.
k For April 1910 additional income was
$8,371,
against
$18,117 In 1909,
and for period from July 1 to
April 30 was $116,433 In 1910, against $123 ,589 last year.
a
b
.
-
Interest
Charges and Surplus.
—Int., Rentals, Ac.—
•
Current
Year.
$
Roads.
-
,
.
Pennsylvania—Lines directly operated—
East of Pitts Ae
Erie._Aprl3,046,188 11,875,388
3,252,756
52,894,929 45,530.129 13,420,673 3,117,256
10,548,473
Erie..Apr
Inc. 901,100
Dec.
60,400
Jan 1 to Apr 30
Inc.6,342,400
Inc. 1,693,900
Phlla Balt As Wash
_Apr 1,540,973 1,442,173
347,524
367:624
Jan 1 to Apr 30.
5,716.136 5,397,236 1,124,138'
l,066j938
Pennsylvania Company.b.Apr 3,771,41.6 3,292,152
783,189
.^9^9*169
July 1 to Apr 30-43,499,271, >33,716,614 15,026,078;41.608J162
Jan
•
1 to
Apr 30
West of Pitts Ae
,
Rock Island
Lines.b-_--Apr 5,034,150^4,618,013
July 1 to Apr 30
55,248,298,000,505
729,798 T l!,406;213
14,906,242 15,129,136
—Bal. o} Net E’ngs.—
Current
Previous
Year.
Year.
$
$
607,134
440,476
Previous
Year.
$
Central of New Jersey....Apr
521,888
568,039
July 1 to Apr 30.
5,023,572
5,214,146
5,629,402
4,031,820
Chesapeake Ac Ohio
..Apr a463,807
a529,977
582,291
329,027
July 1 to Apr 30.
a5,126,960 a5,196,340
5,451,512 3,172,017
Chicago Great Western ..Apr
227,242
279,110
43,683 def231,3 06
Sept 1 to Apr 30
1,736,292
2,303,938
367,121 dfll31,360
Colorado Ac Southern....Apr
256,112
•
251,302
C78.534
C44.773
July 1 to Apr 30.
2,549,781
2,557,370 C2,704,843 Cl ,984,787
CubaRR
-Apr
36,667
34,579
93,615
70,305
July 1 to Apr 30.
361,877
329,937
519,770
439,639
Denver Ac Rio Grande.. ..Apr
462,845
351,209
(1316,654
(7109,211
July 1 to Apr 30.
4,461,357
3,380,674 (73,005,758 d2,297,661
Georgia RR
..Apr
63,265
59,981
£701 £defl4,102
July 1 to Apr 30
614,579
607,182
£191,136 £def37,175
Hocking Valley
..Apr
a23,913
a81,439
70,641
54,328
July 1 to Apr 30.
a333,153
a364,490
2,001,705
1,254,336
Louisiana Ac Arkansas....Apr
26,532
21,248
£39,345
£27,670
July 1 to Apr 30.
241,275
204,982
£243,491
£162,388
..Mch
Maryland Ac Penna
7,920
7,909
3,330
2,532
July 1 to Mch 31.
72,086
71,317
15,985
16,002
Missouri Kan Ac Texas ..Apr
624,561
502,109xdefl48,531
£104,990
July 1 to Apr 30.
5,698,421
5,500,570 £1,253,015 £1,082,698
Nevada-Cal-Oregon.
..Apr
3,612
3,754
£10,852
£21,046
July 1 to Apr 30.
36,419
39,460
£174,074
£149,920
N Y Ontario Ac West.. ..Apr
102,632
102,949
142,559
107,'201
July 1 to Apr 30.
968,058
942,034
1,026,406
1,085,239
Norfolk Ac Western
..Apr
468,560
462,760
739,599
481,511
July 1 to Apr 30.
4,664,855 4,448,467 7,175,219 5,035,870
.
—
..
.
-•
/:
■
QUARTERLY RETURNS.
—Int., Rentals, Ac.— —Bal.
..
-
Roads.
■
.
a
•• ■
v-V
k'r
Previous
Year.
$
Current
Year.
$
$
.*
Boston Ac Maine—
Jan 1 to Mch 31.
July 1 to Mch 31_
Central New EnglandJan 1 to Mch 31.
July 1 to Mch 31.
Lake Shore Ac Mich So—
;
: Jan 1 to Mch 31- U.
N Y Chic Ac St Louis—
Jan^l to Mch 31.
Western N Y Ac Penna—
Jan 1 to Mch 31
July 1 to Mch
of Net E'ngs.—
Previous
Year.
Current
Year.
2,542,850
7,678,533
122,819
376,785
.
*
2,613.,680
1
44fc,942
$
2,421,05l£def255,075£defl35,426
7,219,844
131,735
372,133
.
£2,152,703£l ,519,824
£200,369
£642,093
•A'iH
£115,980
£368,695
.:y\
2,774,05L: £3,365,933 £1,690,080
iVlTV:.'
v
433,077 bbt56jr,597
,
£151,062
f
856,687
174WM88
360,800 def286,169 def300,058
1,682,627 def688,102def1106,062
June
1483
THE CHRONICLE
41910.]
Interest
INDUSTRIAL COMPANIES
-Bal. oj Net E’ngs.—
Current
Previous
Year.
Year.
—Int., Rentals, Ac.-
Companies.
Current
Year.
Previous
Year.
$
$
Atl Gulf & West Indies SS
to Mch 31
Jan 1
Canton Elect Co
Rockford
3,155
5,707
Apr
Apr
Elect Co
2,819
10,380
4,495
5,308
$
6,658
25,732
Honolulu R T & L Co..Apr
Jan 1 to Apr 30.
210,563
387,351
164,921
492,673
Lines—Subsidiary cos.Mch
_
6,618
4,896
—Bal. oj Net E'ngs.—
Previous
Current
Previous
Year.
Current
Year.
Roads.
$
3
Charges and Surplus.
—Int., Rentals, Ac.—
$
6,351
24,571
Year.
Year.
$
£12,024
£43,823
$
£10,084
£37,263
87,746
885,519
.156,272
35,479
158,790
Apr
1,066,546
1,734,969
1,728,347
Apr 30.
84,964
58,056
New Orleans Ry & Lt
173,790
176,380
Apr
282,450
330,770
Jan 1 to Apr 30._
691,180
701,947
QUARTERLY RETURNS.
—Bal. oj Net E'ngs.—
—Int., Rentals, Ac.—
Kansas City Ry & Lt
June 1 to
.
_
These figures are after deducting other income.
After allowing for miscellaneous charges and credits to Income.
d These figures are after allowing for other Income and for discount and
exchange.
The sum of $10,000 is deducted every month from surplus
and placed to the credit of the renewal fund.
x After allowing for other Income received.
a
c
ELECTRIC
RAILWAY AND TRACTION
Week or
Month.
American Rys Co
cAur Elgin & Chic
Ry
Bangor Ry & El Co__
Binghamton St Ry..
Birm Ry Lt ft Power
Brockton & Ply StRy
Cape Breton Elect Co
Carolina Pow & Lt Co
Central Penn Trac
Chariest Con Ry G&E
Chlc&OakPark El Ry
April
April
April
April
April
March
March
....
____
April
April
March
March
Chicago Railways Co. February
_
Cleve Palnesv & East April
Dallas Electric Corp. March
3d wk May
Detroit United Rv
Duluth-Superior TrCo April
East Penna Rys Co
Ap^il
East St Louis & Sub. April
_
.
_
_
March
El Paso Electric
Falrm ft Clarks Tr Co April
Ft Wayne & Wabash
Valley Traction Co April
Galv-Hous Elec Co__ March
Grand Rapids Ry Co. April
Havana Electric Ry. Wk May 29
Honolulu Rapid Tran
April
& Land Co
Houghton Co Trac Co March
Illinois Traction Co.. March
Jacksonville Elec Co. March
____
....
Current
Year.
Previous
Year.
Current
Year.
$
$
$
214,835
182,667
7,282
20,135
17,985
65,744
67,314
74,080
934,983
25,207
114,849
851,127
20,754
60,514
70,236
84,568
46,957
171,640
51,579
44,310
7,579
16,462
14,948
57,168
60,394
67,570
851,834
21,807
102.667
140,314
75,422
44,289
160,346
45,602
34,895
121,522
105,144
86,632
40,302
106,251
95,611
77,625
38,124
476,008
291,674
337,663
848,156
269,598
302,801
798,443
36,129
27,019
486,490
52,558
33,406
25,457
145,263
128,269
74,523
70 886
375,391
41,047
552,628
1,427,148
143,128
2,389,494
322,770
1,481,239
275,951
1,625,701
434.314
2,140,821
658,339
327,610
913,431
605,115
41,512
61,956
1,700,298
433,367
1,110,685
115,776
2,185,070
289,316
1,326,886
232,182
1,452,045
404,415
2,048,057
586,989
280,611
864,924
d607,417
36,855
601,477
86,915
374,426
71,315
75,076
149,276
537,475
Wk May 28
__
173,763
128,679
184,353
155,338
April
March
May
....
April
February
March
18,771
21,536
440,560
157,779
_
....
April
Puget Sound Elec Co. March
1,065,295
402,356
150,818
100,881
733,514
21,395
50,685
57,386
224,500
179,063
....
583,713
1,797,691
77,620
299,507
2,681,444
287,923
168,980
621,256
142,487
128,048
164,421
78,574
336,041
60,523
65,129
134,132
494,827
151,906
109,013
173,635
138,858
17,807
19,013
377,489
142,049
420,971
57.878
1,442,446
390,325
Rio de Janeiro Tram
Light & Power
St Joseph (Mo) Ry Lt
Heat & Power Co..
Sao Paulo Tr, Lt & P
Savannah Electric Co
Seattle Electric Co
Sou Wisconsin Ry Co
April
657,822
609,162
2,511,640
April
April
March
February
April
77,990
231,521
72,440
204,484
49,907
431,075
13,855
54,061
242,979
341,999
137,799
46,814
379,692
12,414
48,176
217,872
298,142
127,540
329,028
907,869
143,935
898,775
53,994
163,705
738,566
974,264
2,718,284
....
.
Tampa Electric Co._ March
Toledo Rys ft Light. March
March
Toronto Railways
Twin City Rap Tran. 3d wk May
Underground
2,363,968
300,637
813,115
142,655
782,503
48,532
152,614
657,180
861,768
2,460,634
United Rys of St L__ February
United RRs of San Fr March
Whatcom Co Ry & Lt March
£13,120
£10,310
£6,895
808,161
606,615
32,172
£12,715
£10,767
£7,334
807,439
648,203
32,837
.
£272,685
£205,452
£114,520
1,637,197
1,716,626
£280,735
£229,021
£124,611
1,693,221
1,846,852
101,854
96.265
d Includes earnings of
c These figures are for consolidated company,
the Norfolk County Ferries.
Jan
following table gives
and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of May 28 1910.
The
next will appear in the issue of June 25 1910.
Roads.
Net Earnings
Current
Previous
Year.
Year.
Apr 30
Honolulu R T & L Co.b.Apr
Jan 1 to Apr 30
Kansas City Ry&Lt-b.-Apr
601,477
June 1 to Apr 30
6,563,190
New Orleans Ry & Lt-.-Apr
537,475
Jan 1 to Apr 30
2,140,821
Porto Rico Rys Co
Apr
44,775
Jan 1 to Apr 30
169,256
Rio de JanelroTrL&PCoaApr
657,822
Jan 1 to Apr 30
2,511,640
to
44,289
168,980
17,742
77,469
33,406
128,269
18,054
67,239
552,628
6,052,696
494,827
2,048,057
31,870
128,967
609,162
2,363,968
194,269
2,801,515
261,344
1,032,717
24,050
90,692
312,281
1,133,634
46,957
193,551
36,129
145,263
$
16,592
62,028
15,909
59,391
244,018
2,613,866
231,846
973,630
15,019
61,468
229,129
882,755
$
$
$
Eastern Penna Rys Co.. Apr
Jan 1
gross
—Gross Earnings—
Current
Previous
Year.
Year.
,
Roads.
$
Syracuse Rap Trans Ry.b—
Jan 1 to Mch 31...:—
Net earnings here given
b Net earnings here given
a
y
are
are
Year."
$
'•
$
$
Year.
$:
276,406
832,141
285,047
864,646
£136,207
£765,337
£75,110
£519.609
59,717
193,086
58,276
150,669
def8,208
26,551
def3,813
52,064
96,024
93,131
£23,890
£9,319
ANNUAL REPORTS.
Annual Reports.-—An index to annual reports of steam
railroads, street railways and miscellaneous companies which
published during the preceding month will be
have been
given on the last Saturday of each month. This index will
not include reports in the issue of the “Chronicle” in which
it is published.
The latest index will be found in the issue
of May 28.
The next will appear in that of June 25.
Western New York & Pennsylvania Railway.
(Report for Fiscal Year ending Dec. 31 1909.)
President Jno. P. Green, April 4 1910, Wrote:
General.—The general resumption of business activity is reflected by an
Increase In gross revenue of $554,379, or 7.66%, of which $532,047 was In
the freight traffic.
The operating expenses, Including taxes, decreased
$141,399.
After charging off Interest on funded debt and on general ac¬
count, hire of equipment, car trust Interest and expenses, $96,462 on ac¬
count of car trust principal and $45,109 of extraordinary expenditures,
there was a deficit of $792,499, as against a deficit in 1908 of $1,554,391.
Construction, Ac.—Construction and equipment expenditures amounted
Of
$209,325, notably $152,212 on account of principal of car trusts.
this amount, $141,571 was charged to Income account, $12,004 to cost of
road and $55,750 to cost of equipment.
to
OPERATIONS AND FISCAL RESULTS.
Miles of road
operated
-
1908.
653
1909.
650
_
995,280
3,426,095
405,522
1,573,694
51,509
' -64,818
219,637 t 202,733 *
196,5261'
560,057*
-
g-f
327,936
353,333
1,360,482
oiliA Y 'V
•
119,$£0 '
after deducting taxes,
before deducting taxes.
-
1906.
1907.
r
—
—
Operations—
1,916,336
Passengers carried
Passengers carried 1 mile 56,731,189
2,087,969
59,571,769
62,690,385
2.055 cts.
2.063 Cts.
2.001 Cts.
2.127 Cts.
10,281,422
Freight (tons) carried
Freight (tons) carried 1 m 1235448777
0.507 cts.
Rate per ton per mile
441
Aver, train-load (tons).
9,243,079
12,412,732
10,057,960
1170697029
0.488 cts.
419
95.0 cts.
204.4 cts.
1601857376
0.476 Cts.
460
94.6 cts.
218.8 Cts.
1224564391
$
%
$
Rate per pass, per
mile.
__
Earn, per pass,
Earn. rev. fght.
106.0 cts.
223.8 cts.
train m_
train m_
$
Earnings—
Passenger
Freight
Mall, express, &c
Total earnings
1,160,387
6,156,195
1,218,1211
5,624,148
478,031
397.965J
Transportation
9,287,414
7,874,112
7,674,112
9,287,414
1,481,147
1,701,654
145,795
3,122,241
151,730
1,319,614
1,858,057
3,299,955
142,627
1,474,1031L.
2,868,940
2,125,750Jf
141,9001l
3,858,916Jr 3,176,066
108,200
132,794
6,602,567
6,754,711
186,138
(87.09)
175,394
(95.72)
310,129
899,500
19,685
321,567
78,237
69,307
174,689
301,534
134,458
1,005,908
899,500
19,685
303,490
127,561
47,290
45,109
355,772
7,733,463
139,421
102,511
(81.51)
1,414,530
899,500
1,418,395
899,500
19,685
156,651
196,170
33,208
19,685
41,795
154,074
2221883
214,949
267,462
278,677
1,806,774
392,244
GENERAL BALANCE SHEET DEC. 31.
Road & equlpm’t.54,941,911
Stocks and bonds
54,874,157
527,260
527,260
125,113
270,572
91,113
125,113
269,035
15,238
5,335,032
(cost)
Due from Individu¬
als, companies,
Ac
Cash for interest-.
Miscellaneous
Profit and loss....
Total
-V. 90, p.
6,123,721
1,597,465
179,070
1909.
1908.
$
Liabilities—
$
Stock
20,000,000 20,000,000
Bonds (see “Ry. A
Ind.” Section)..30,552,428 30,552,428
369,035
Interest on bonds.
370,405
Car tr. prln. in ad.
185,268
247,023
23,039
Taxes await, sett’t
24,136
Due Penn. Co., Ac.,
9,546,183for advances... 10,448,172
Miscellaneous
437,527
469,882
1908.
$
1909.
$
6,153,206
(84.77)
1,864,519
1,554,390
1,798,407
792,499
Assets—
0.504 cts.
414
99.0 cts.
200.7 cts.
7,240,234
Total
Taxes
P.c. exps.&txs. to earns.
Net earnings
Interest on bonds
Int. on real estate mtges.
Hire of equipment
Car trust payments
Rents
Total
Deficit
1,907,409
57,031,772
7,794,613
Expenses—
Maint. of way, &c
Maint. of equipment
Traffic
2,126,775
62,079,691 61,145,835
Total
62,079,691 61,145,835
978.
Calumet & South Chicago Ry.
(Report for Fiscal Year ending Jan. 31 1910.)
*• INCOME ACCOUNT.
.
1910.
Expenses (concl.)—
1909r.*
1909.
1910.
$281,735 $276,311
—$820,375 $780,520 Operation of cars
95,256
97,203Sale of power.
30,550
31,144 General expenses
v
7,600
8,597
27,632 Taxes
Rent, advertising, Ac.
30,252
Earnings—
Passenger cars
-
.
Maint. way A struc’res
Maintenance of equip.
Renewals
Oper. of power
$881,177 $839,296
$36,191
13,743
$36,613
32,757
40,052
378
plant.. 142,247
135,648
Total expenses
$616,824
Net earnings
$264,353
Interest on capital in¬
vested at 5%...... 292,188
$587,507
$251,788
$27,835
$2,248-
Balance, deficit...
BALANCE SHEET JAN. 31 1910
-
-8«r;854
Previous
Current
*
$
lnternat’1 Ry Co (Buffalo) .b—
Jan 1 to Mch 31
1,101,657
July 1 to Mch 31.
3,662,991
>,J
Crosstown Street Ry.b—
Jan 1 to Mch 31
210,531
>
662,596
July 1 to> Mch 31
—Net Earnings
-
$
After allowing for other Income received.
Gross earnings
Expenses—
QUARTERLY RETURNS.
—Gross Earnings
Current
Previous
Year.
Year,
$
1 to Mch 31
Extraordinary
Electric Railway Net Earnings.—The
railway
Previous
Year.
July 1 to Mch 31
Syracuse Rap Trans Ry—
Interest, general account
the returns of ELECTRIC
Current
Year.
—
General
El Ry
of London—
Three tube lines.__ Wk May 28
Metropolitan Dlst. Wk May 28
United Tramways. Wk May 28
Previous
Year.
July 1 to Mch 31
Crosstown Street Ry—
x
249,861
199,914
642,154
1,955,597
90,063
338,770
3,211,894
326,012
193,551
735,321
163,376
Current
Year.
Jan 1 to Mch 31
1,169,383
444,276
166,723
106,658
April
March
April
Year.
275,836
106,412
38,424
24,972
Kansas City Ry ft Lt April
Lake Shore Elec Ry. April
Mllw El Ry & Lt Co. April
Milw Lt Ht & Tr Co.
Montreal Street Ry__
Nashville Ry ft Light
New Orleans Ry ft Lt
North Ohio Trac & Lt
North Texas Elec Co.
Northwest Elev Co..
Norf & Portsm Tr Co
Paducah Trac & LtCo
Pensacola Electric Co
Portl (Ore)RyLftPCo
Previous
302,798
120,384
41,705
26,924
168,032
Internat’l Ry Co (Buffalo)
Jan 1 to Mch 31
Jan. 1 to latest -late.
Latest Gross Earnings.
Name of
Road.
COMPANIES.
Roads.
----'j
Suspense account (renewals)....
-V.---.,,
*
Liabilities ($7,614,459).
Investment
a$6,931,279*
Accounts payable.
569,641
Cal. A So. Ch. Ry. lndlv. acc’t ; . 100,277
Reserve for damages
.
.
13,262
IAssets ($7,614,459).
Value of property
o$6,931,279
cash
-..'m:
21,524
Accounts, receivable—— • 572,264
prepaid., accounts.
254,037
,.7,622
51,686
<Hpv084l
,
Represents purchase
purchas price Of ♦he properties in accordance with the terms of the
ordinance, as stated by the traction valuation commission, and additions thereto
certified by the board of supervising engineers.—V; 90, p. 1044, 53.
<i»
.
_
_
1484
THE CHRONICLE
Associated Oil
Company.
(Abstract of Statement Furnished New York Stock Exchange
April 1910.)
This company (of whose $40,000,000
capital stock the
Southern Pacific Company on Dec. 31 1909 owned
$20,069,003) made a statement to the N. Y. Stock Exchange April 19
1910, of which the following is a digest:
Incorp. In Cal. Oct. 7 1901. Cap. stack ($40,000,000) full paid. Stock¬
holders are liable for the Indebtedness of the
company In proportion to
their stockholdings.
Dividends paid: Feb. 1 1905. $1 50 per share; Aug. 1
1905, $1 50 per share; Feb. 1 1906, $1 50 per share; March 1 1907, $1 50
per share.
The company has since organization to Feb. 28 1910 expended
$8,445,978 of its earnings In the purchase of lands, construction of pipe
lines and ships, purchase of stocks in other
companies, and Improving and
developing Its properties, &c.
Total Calijornia Oil
Acreage—
Kern County—
Properties Acquired, 20,585 Acres (13,933 in Fee and
6,652 Under Lease).
.
In Fee. Leased.
Acreage—
In Fee.
Lease
4,192
4,126
San Luis Obispo Co
199 Santa Barbara Co
Contra Costa Co
Kern River field
2,671
529
McKlttrick field
2,570
21
Fresno Co. (Ooalinga)__2,870
2,327! Kings County
1,080
The leases give the company the right to drill wells for a
period of 20
years and to pump the wells so drilled as long as same produce oil In pay¬
ing quantities.
Estimated Capacity, Lands Owned and leased—Production in 1909.
Net Bbls. Extractable.
Wells.
Prod.'09,Bbls.
Kern Rlver__
267
526,000,000
4,280,902
McKlttrick
47,233,000
57
1,938,912
Coalinga
32,617,000
31
894,982
Total
.605,850,000
355
7,114,796
The other lands owned, while promising, have not been
developed;
therefore their producing capacity Is not included In estimate.
Transported and Marketed Darinj 190), 14.gjrejitin7 22,405,082 Barrels.
Fuel Oil.
Distillate.
230,826
Produced by Associated Oil Co
6,797,462
Furnished by Amalgamtaed Oil Co__
3,082,782
54,759
Furnished by other proprietary cos__
1,188,727
Purchased In fields reached by pipe
lines of Associated Oil Co
11,050,526
Stock Holdings in Other Companies.
Tot. Iss.
Our Hold’gs
Assoc.
Pipe L. Co.$7,000,000 $3,500,000
Amal.JOU Co.
5,000,000 2,500,500
AssocTransp. Co. -4,222,461
Bakersf. Iron Wks.
Calif Coast Oil...
Comm’l Petrol. Co
129,350
200,000
250,000
Sterling OU A Dev:’ 1250,000
West Coast/Com. 1 040,800
Oil Co-.lPref
1 040,800
4,222,461
129,350
100,000
94,650
175,169
628,600
628,600
Total.
7,028,288
3,137,541
1,188,727
11,050,526
Tot. Iss.
OurHold’gs
Buell Rancho Oll.
100,000
90,000
Federal Oil Co
1,000,000
45,000
Los Al. Otl&D.Co.
160,000
17,050
Pleas. Val. Hotel.
50,000
8,000
ShreevesOil Co.._
166,612
149,775
Sunset MOn.OilCo.
500.000
30,200
Recruit Oil Co
1,000,000
900,000
Columbian Oil Co.
285,000
50,000
Assoc. Supply Co.
500,000
500,000
«Alsa, owns 350 railway tank
cars purchased during last two years; also
distributing plants, and maintains agencies In San Francisco, Oak¬
land, Sacramento, San Jose, Stockton, Monterey, Fresno, Bakersfield,
LoS Angeles, Redondo, Portland and Honolulu, Hawaii, and selling agencies
In all important points In the Interior of California, Nevada and Arizona.
[The balance sheet of Feb. 28 1910 shows among liabilities: First refund{lng mtge. 5s, due Jan. 15 1930, auth. Issue, $25,000,000 (V. 90, p. 916);
less $15,000,000 In hands of trustees to refund
outstanding 1st 5s, due
Aug. 1 1922 ($2*746,000), and for acquisition of property and additional
improvements; remainder outstanding, $10,000,000.
The balance sheet
also shows loans and notes payable, $3,027,500.
“These notes will be paid
from proceeds of bond sales during the next four months.”]
Associated Pipe Line Company.
Inoorp. in Cal. Aug. 27 1907. Capital stock Is $7,000,000, In full-paid
shares of $100 each, one-half of which Is owned by the Associated Oil Co.,
for which it paid $3,500,000 cash.
(No bonds or notes payable Feb. 28
1910.)
Organized under operating agreement of April 15 1907, without
limit as to duration, between Associated Oil Company and Kern
Trading
& Oil Company (a proprietary company of the Southern Pacific
Company),
In accordance with which the Pipe Line Company constructed a
pipe line
280 miles In length, carrying capacity 16,000 barrels dally, from Volcan,
Kern County, Cal. (the Kern field) to Port Costa, on San Francisco
Bay,
at which point It owns wharves, storage tanks, &c.
This line was completed
'In Sept. 1908.
This company has also constructed a pipe line extending
from|the McKlttrick field, via Coalinga and Mendota. to Port Costa, 256
miles, dally carrying capacity 16,000 barrels; from Coalinga to Port Costa,
184 miles, was placed In operation March 1 1910; the remainder,
Coalinga
to McKlttrick, 72 miles, Is expected to be in operation by
July 1 1910.
'[Balance sheet of Feb. 28 1910 shows capital assets as follows: Kern pipe
line, $4,983,929; Coalinga pipe line, $1,795,920; McKlttrick pipe line,
$362,430; total, $7,142,279.—Ed.]
According to Its charter, this company Is not a common carrier, and it has
no Income other than a sum equal to Its operating expenses, which Is
con¬
tributed by the Associated Oil Co. and the Kern Trading & OH Co. In pro¬
portion to the quantity of oil moved for each (the amounts so received
amounting to $429,110 and $439,250, respectively. In 1909.—Ed.).
The
benefits accruing to the Associated Oil Co. from the reduced cost of trans;porting oil through this pipe line Is reflected In the earnings of the Associated
OH Co.
As the Kern Trading & Oil Co. Is a proprietary
company of the
Southern Pacific Co., the latter receives Its proportion of the oil for the use
of its engines in tanks along the pipe line provided by the railroad.
Associated Transportation Company.
Incorp. May 27 1907 In Cal. Auth. capital stock $10,000,000, In full-paid
owns
‘
*
‘
shares of $100 each. Of this amount, $4,222,460 has been Issued and Is
owned by the Associated Oil Co., the remaining 57,775.4 shares remain In
the treasury, to be Issued for acquisition of new ships, pipe lines, &c.
No
bonded debt.
Organized to take over the physical properties of National
OH & Transportation Co., Coalinga OH & Transportation Co. and Pacific
OH & Transportation Co.
Owns a pipe line from Coalinga to Monterey,
Cal., 106 miles In length, carrying capacity 13,000 barrels dally, together
with wharves, tankage, &c.; also a pipe line from Santa Marla to
Gavlota,
Santa Barbara Co., Cal., 50 miles, carrying capacity 18,000 barrels
dally,
with wharves, tankage, &c.; also refinery at Gavlota,
capacity 7,000 barrels
dally, 4 modern tank steamers, 4 large schooners, 3 barges and 3 tugs.
Both pipe lines and marine equipment areused exclusively by Asso. Oil Co.
Amalgamated Oil Company.
Incorp. Oct. 27 1904 In Cal. Capital stock $5,000,000, full paid.
Has
paid dividends to Feb. 28 1910 amounting to $1,400,000. [No bonded
debt; on Feb. 28 1910 loans and notes payable $170,000.1
Lands Owned and Leased, 312,484 Acres, all in Los Angeles
County.
Amalg. OH Co., In fee
735.87 |Arcturus OH Co., under lease.253.71
Amalg. Oil Co., under lease.1,817.521Salt Lake Oil Co., und. lease 317.74
The leases on the 1,817.52 acres give the Amalgamated Oil Co.
the right
to drill wells on the property for 20 years andto pump
the wells drilled
as long as same produce oil In paying
quantities. The Salt Lake OH Co
has the right to drill wells on 317.74 acres until April 20
1910, with the right
to pump the wells until April 30 1920.
The Arcturus Oll Co. has the
right
to drill wells until Dec. 30 1913 and the right to
pump the wells drilled
until Dec. 30 1923.
The Amalgamated OH Co. has now In
operation 138
wells which are producing 4,948 barrels
dally; the oil Is marketed by the
Associated Oil Co.
The Amalgamated Oil Co. owns a pipe line extending from Its
fields, lo¬
cated between Los Angeles and Santa Monica to Los
Angeles, carrying
capacity 15,000 barrels dally.
Terminus at Los Angeles, 6 acres* situated
between the tracks of the Southern Pacific RR.and the
tracks of the Atch
T. & S Fe Ry., together with storage tanks. &c.
These tanks are con¬
nected by pipe line with the San Pedro Los Angeles & Salt
Lake Ry and
other large consumers.
Also on this terminus Is located the
refinery of the
Amalgamated Oil Co., with a capacity of 3,000 barrels dally. The balance
sheet of Feb. 28 1910 shows capital assets as follows: Real
estate and leases^-
$345,075; Improvements, development, personal property, &c.,
$576,384;
stocks owned (aU of Salt Lake Oil Co., Arcturus Oil Co. and
20 shares.of
La Habra Water Go.), $5,081,646; total,
$8,003,105.
'^1%
..
LXXXX.
Sterling Oil & Development Company.
Incorp. Oct. 30 1899 In Cal. Auth. cap. stock Is $250,000, full paid;
par
of shares $1.
No bonds.
Owns In fee 240 acres, viz.: Leased to vesta Oil
Co. on a royalty basis of 33 1-3% of production, 40 acres; leased to Sover¬
eign Oil Co. on a royalty basis of 15% of production, 20 acres.
On the
remaining 180 acres has 35 producing wells.
Paid In dividends during
1908 $300,000 and during 1909 $250,000.
West Coast Oil Company.
Incorp. June 3 1908 in Cal.
Auth. cap. stock, $2,500,000 pref., of which
$1,040,800 has been Issued full paldg. and $2,500,000 common, of which
$1,040,800 has been Issued full paid. (No bonds.)
Owns In fee 170 acres
of land In Los Angeles Co. and holds under lease 993 acres of land In same
county.
The leases grant the right to drill wells for 20 years and to pump
the wells drilled as long as same produce oll In
paying quantities.
Com¬
menced to produce oil during Jan. 1909 and during year 1909 paid In divi¬
dends on pref. stock $62,448.
Other Controlled Companies.
The Associated Supply Co. has stores located at Los
Angeles, OH Center,
Coalinga and Maricopa, from which points It furnishes oil well supplies to
oil companies operating in the various fields.
The Bakersfield Iron Works
has a machine shop at Bakersfield, Cal., for the manufacture of oil
well
supplies, and a repair shop In the Kern River field. The California Coast
Oil Co. holds under lease approximately 1,000 acres, situated In the Santa
Marla field, Santa Barbara Co., Cal.; while
only partially developed. It Is
producing oil In sufficient quantities to pay dividends regularly; one of the
best producing companies In the State, and will
undoubtedly continue to
pay dividends at the present rate and
probably Increase the same. The
Buell Rancho OH Co., the Shreeves Oil Co. and the Recruit OH Co. own and
hold under lease a large acreage of promising oil lands, from which we
may
reasonably expect to produce in the future a large amount of oil; to date
they have no Income; money spent In developing, approximately $500,000.
INCOME ACCOUNTS FURNISHED TO N. Y. STOCK EXCHANGE.
Years ending Feb. 28 1910-Cal.Yr. 1909
Assoc. Oil. Assoc.Pipe L. Transp. Co. Amal. Oil.
Sterling.
Gross revenue
$15,704,978
$868,360 $2,235,084 $3,357,689
$353,012
Deduct—
Oper., &c., exps_-.$12,683,551
Interest on bonds..
156,6291
Other Interest
Taxes
$447,636
208,933
$979,322
22,231
132,686
56,874
12,382
211,937
28,957
751,076
Depreciation reserve
Royalty and rentals
Insurance
..,
Total deductions.$13,756,637
$868,360
Balance, surplus... $1,948,341
Gross revenue
Deduct—
Operating, &c.,
Royaltles
'3,743
250,666
$2,206,082
$29,002
$3,285,290
$72,399
$312,942
$40,071
$117,497
$253,590
$201,029
$362,865
$27,064
14,312
$231,783
$166,735
$50,813
expenses.
33,069
3,145
2,232
70,000
reserve
Dividends
62,448
Total deductions...
Balance
1,757
76,447
550,000
notes, <fcc
Depreciation
\ 14,745
3,318
For Calendar Year 1909—
Associated
Bakersfield California
Supply.
I. Works.
Coast Oil.
West Coast
OH.
on
$57,442
73,182
929,259
..
Dividends
Interest
Taxes
$2,640,780
136,424/
$103,824
sur.$13,673
15,000
16,839
243,70)
$340,229
$181,735
$311,352
def.$86,639 sur.$19.294 sur.$51,5l3
INCOME ACCO UNT FOR CAL. YEARS (FROM ANNUAL
REPORTS)
1909.
1908.
1907.
1906.
Income,
lncl. dlvs. of
affiliated companies..$15,420,831 $13,218,033 $10,245,711
Deductions—
Production, transporta¬
$6,509,787
tion, administration,
purchase of oil, Inter¬
est, taxes, &c
Interest on bonds
Depreciation
$12,402,185 $10,980,796
139,029
717,221
reserve
$8,043,363
144,354
138,046
577,670
$4,190,549
78,943
328,752
455,292
Total deductions
$13,258,435 $11,696,512
Gain for year.
$2,162,396 $1,521,521
From the surplus earnings dividends were paid:
$8,643,009
$1,602,702
$4,598,244
$l,f
,911,543
No. 1, 1 H%» Feb. 1
1905, $321,165; No. 2, 1H%, Aug. 1 1905, $335,084; No. 3, 1H%, Feb. 1
1906, $446,059; No. 4, 1 V£%, Mch. 1 1907, $446,059.
None 9lnce.
GENERAL BALANCE SHEET.
Feb.28
$
Oil lands & leases.25,699,
Personal property
and sundry in¬
vestments
9,152 648
Stocks and bonds. 12,046, 837
Material & supplies
390 026
Cash on hand
BUls & accts rec’le 1,961,
Receivable on acet.
Of bond sales
5,779,
Dlvs. receivable..
Deferred dividends
Oil on hand
2,260, 518
Deferred assets...al, 112 132
Bohd discount
61,156, 000
Dec. 31 ’08.
$
7,711,574
7,052,007
405,990
74i510
2,372,383
....
40,000,000 24,475,386
2,833,000
1,669,655
1,253,113
160,051
Freight
159,411
28,853
Bank overdrafts..
48,767
Interest accrued..
59,208
"49',721
Bonds
12,746,000
Notes <fe loans pay. e3,027,500
Audited vouchers.
120,276
Accounts payable.
502,916
Bal.
due
on
pur¬
chases...
445,404
1,089,367 Bal. due.acct. con¬
295,757
struction steamer 231,500
799,537 Miscellaneous
6,971
1,434,646 Deprec’n reserve-,.
514,757
Surplus
1,695,601
-
Total
Fe&.28’10. Dec. 31 ’08.
$
$
Liabilities—
18,155,447 Capital stock
59,558,311 39,391,218
Total
754,676
1,902,079
6,204,684
59,558,311 39,391,218
Deferred assets In 1909 Include steamer J. A. Chanslor, in course of
construc¬
tion, $515,387; taxes paid, $845; I. W. Heilman, trustee sinking fund, $120,040;
due from proprietary companies, $475,859.
6 Bond discount will be amortized during the life of the bonds
by monthly charge.
c These notes will be paid from bond sales
during next four months.—V. 90,
a
1172.
p.
Union Oil
Company of California.
(Report for Fiscal Year ending Dec. 31 1909.)
Pres. Lyman Stewart, Los Angeles, Jan. 31 1910, wrote:
General Results.—Ova prospects were never brighter nor
more encourag¬
ing.
Important matters developed liabilities, which we were Obliged to
liquidate at the expense of the earnings of 1909: and we were also compelled
to transport a great amount of oll by an all-rail route, which
necessarily
augmented the gross expenses of the year; but both of these unfavorable
conditions have
now
been eliminated.
Statement by Auditor C. F. Iredell.
Included in the expenses of 1909 there are amounts In excess of
$200,000
which properly belonged In the expenses prior to Jan. 1 1909.
If we
deduct this amount from the expenses of 1909 the net
earnings for that year
would be $2,855,177, and deducting the same amount from the net
earnings
for 1008 would leave $2,822,933, so that the real net
earnings for 1909
exceeded those of 1908 by at least $32,241.
Guaranteed Bonds (V. 79, p. 2799;
V. 83, p. 102;
Issued.
Mission Transp. & Refining Co_$l,000,000
Union Transportation Co
3,000,000
Union Steamship Co
—,
1,000,000
V. 89, p. 48, 290, 850).
Bonds
Owned by
Bonds
Redeemed. Un. Oil Co. Outstan'g.
$200,000
150,000
350,000
$29,000
125,000
$771,000
2,725,000
650,000
Producers’Transportation Co-_ 1,693,000
1,633,000
In addition there were 873 Producers’ Transportation
Co, bonds (V, 89,
p. 48, 290) partially paid for, but not delivered.
The United Steamship
Co. has outstanding bonds ($210,000) »<b)it these are not guaranteed.
[The
Union Oil Co. has no direct bonded A^bt, but In 1910 It made
of $1*000,000 coav. 6% gold note*. ...Ses V. 90,
p.
an
Issue
714,1177.—Ed.]'
Floatiho Debt.—On Dec. 31 1909 The, quick assets, including cash on
hand, crude and refined oils, goods In firehouses, good accounts receivable
(aside from amounts due from affiliated.#)rttpanles).
jfijfnonnted to sufficient
$1 25 for every dollar of floating debt, Including deferred payments
properties purchased, amounts due stockholders, and due affiliated cos.
Corporations in Which the Company Is Interested Directly or Through Other
to pay
on
Holding Companies.
Name oj Corporation—
Mission Transp’n & Refining
Union Transportation Co
Mission Transfer Co
Newlove Oll Co
Santa Marla Oil & Gas Co
California Coast Oil Co
Claremont Oil Co
California Industrial Co
Pitcher & Garbutt OH Co
John Irwin OH Co
Old Keystone Oil Co
Pioneer Pipe Line Co
Union Steamship Co
United Steamship Co
Shares
Capital.
Issued.
25,000
30,000
$2,500,000
3,000,000
Co
500,000
200,000
500,000
500,000
500,000
30,000
50,000
100,000
500,000
100,000
3,000,000
Producers’Transportation Co
Pec tan Steamship Co
7,000,000
5,000
Practically all.
Control contract.
Practically all.
One-half.
Over one-half.
One-third.
Four-tenths.
One-half.
Nine-tenths.
935
310
*50,000
3,512
10,000
750
100,000
50,000
5,000,000
1,000,000
Union Oil Tool Co
Kaiser OH Co
Outer Harbor Dock & Wharf Co.-
Oil Co, oj Cal.
Practically all.
Practically all.
2,500
15,000
416,822
2,000
483,428
3,003
487,060
140
250,000
1,500,000
Angeles OH Co
Union Well Supply Co
Owned by Union
Authorized
Los
Practically all.
Practically all.
One-half.
Six-tenths.
PractlcaUy all.
Over one-half.
Over one-half.
5,000
100,000
26,257
Control contract.
Over one-half.
Practically all.
Lake View OH Co
100,000 100,000 Over one-half.
Only a few shares have been Issued; Union OH Co. holds order for bal.
From Report of W. W. Orcutt, Manager of Geological Department.
During 1909 there has been great activity In the oil fields of the State.
The number of strings of tools running has been very large, and the pro¬
duction for the State has been the greatest In the history of the Industry.
Last year’s production Is estimated at 52,000,000 bbls.; this makes Califor¬
nia the leading oil-producing State In the United States.
I predict Increased
production for 1910 and a better and stronger market. My knowledge of
the oil territory of the State leads me to believe that ultimately the oil
production of California will reach 75,000,000 bbls. per year, and that
there Is, on that basis, fifty years’ supply In sight.
Our Stearns property has developed well during 1909, with a substantial
Increase In production.
Two wells have been completed on BeU Ranch;
No. 1 Is producing upwards of 400 bbls. per day; No. 2 Is a small well
No. 3, No. 4 and No. 5 are still drlUlng.
The Slml HlUs Well No. 1, though
shaUow and Inexpensive, Is a strong producer of light oil. Indicating a large
area of oil territory in La Brea Tract and Rancho Slml, where our company
owns some 32,000 acres of land;
the Importance of this strtke cannot
over-estimated.
In Kern County control was secured In 1909 of nearly
4,800 acres, making our total holding In the county about 12,000 acres, on
which the company Is now running 19 strings of tools; the production wlU
have an outlet through the Producers’ Transportation Co. s pipe line.
70,000
1,000
•
Total Lands Controlled Directly or
Indirectly, 238,705 Acres [Increase, 50,009]Mineral
Lease
Min. Rights
Fee
Fee Acres.
Acres.
Ventura County
Los Angeles County
Orange County
San Benito County
Humboldt County
Santa Barbara County
Fresno County
San Luis Obispo County.
Kern County
Monterey County.
San Bernardino County.
Contra Costa County
Total
4,959
4,959
428
428
61,826
8,361
3,518
3,518
60
271
271
2,455
3,168
23,676
Locations.
5,843
2,319
3,056
4,506
~Y, 691
54,739
IIIIIZ
160
1,999
4,320
9,776
23.800
6,400
1,800
______
41
.38,954
.
59,045
127,441
13,265
Report of Manager of Marine Department.
The fleet has been augmented by the purchase of the SS. Pectan, capacity
75,000 bbls., and the chartering of two steamships, each 55,000 bbls, making
capacity of the fleet 455,000 bbls., or, including barges,
Report of First Vice-President W. L. Stewart—Producers' Transportation Co.
During 1909 the Producers’ Transportation Co. was organized to construct
an 8-lnch pipe line from the Valley Oil Fields to tidewater at Port Harford,
In San Luis Obispo County.
The Union OH Co., together with its stock¬
holders, owns nearly all of the bonds and shares.
[The shareholders of the
Union OH Co. were permitted to subscribe therefor on the basis of ten shares
of Producers’ stock and $1,000 bonds for $1,000 cash, “the offering being
over-subscribed many fold.”
The finance department was authorized to
place the bonds thus sold in escrow for two years.
V. 89, p. 850.—Ed.]
AH of the pipe line Is now laid, telephone line Is complete, the major
portion of tankage Is InstaUed and the stations are well along toward
completion. We expect to deliver oil at Port Harford from Caollnga during
Feb. 1910.
The line is first class In every respect, and with its laterals
has over 240 miles of pipe line and an equal number of miles of telephone
line, and about 2,000,000 bbls. of steel tankage at the various statlojis. 15
pump stations and excellent terminal facilities at Port Harford.
It has
an Initial capacity for handling at least 20,000 bbls. per day, which capacity
can practically be doubled by parallelling only about 70 miles of trune line.
The line Is an expensive one, a large fraction of It being built long dis¬
tances from the railroads, through desert country, but It will be of great
value to the Union in that It has an Insured business for a period of ten
ust prior
of the
Jrears,
through
to the the
organization
arrangement
withpipethelineIndependent
company.
the Union’s
[The “Engineering & Mining Journal” of April 30 1910 said: “As a result
a meeting at Bakersfield on April 15 the Coallnga OH Producers’ agency
was merged Into the Bakersfield agency and the contracts of the Coallnga
agency with the Producers’ Transportation Co. and with the Union Oil Co
were ratified.
The Bakersfield agency Is now the largest producing body In
the State.
The Union OH Co. wlU market the product.”
The “Los Angeles Times” of May 13 said: “L. P. St. Clair, President of
the Producers’ Transportation Co,, and prominently Identified with the
Independent OH Producers’ agency, of which the Union OH Co. Is the
seUIng agent, has just closed a contract with the Great Northern Ry. for
the use of California all for locomotive fuel.
The Union OH Co. and Doheny Interests recently united In organizing
the $25,000,000 Callfornla-Arlzona Pipe Line Co.—see a subsequent page—
and three of the Doheny-Canfleld companies, namely the American Oll
Fields Co (also mentioned on another page), the American Petroleum Co.
(V. 89, p. 995) and the Nevada Petroleum Co. are understood to have
become members In the Independent Producers’ Agency.
On May 27 the
Agency Is reported to have ratified agreements by which not less than 50c.
a bbl. Is to be guaranteed the American Petroleum and American Oll Fields
Co. for a minimum delivery of 250,000 bbls. every three months, the
Nevada Petroleum Co. to be guaranteed 50c. for not less than 5.000 bbls. a
day, and the Callfornla-CoaRnga Co. not less than 45c. for a minimum of
2,000 bbls. a day.—Ed.]
RESULTS OF OPERATIONS FOR CAIJENDAR YEAR.
1909.
1908.
1907.
1906.
Cap. Stock out Dec. 31.$25,130,600 $23,982,200 $7,807,400
$7,144,700.
of
Gross earnings
$9,687,339
Depreciation charged off
r495,375
1/6,536,788
$9,197,251
436,471
5,737,847
(?)
264,458
(?)
(?)
187,348
(?)
$2,655,177
(6)1,477,768
$3,022,933
1,240,178
$2,080,772
877,564
$1,029,478
561,109
$1,177,409
$1,782,755
$1,203,208
$468,369
All other expenses
Net earnings
Dlvs. (see below)
Balance, surplus
x
There was also charged off on auxHlary
companies $333,008, making
depreciation charge $828,383.
y Expenses In 1909 ($6,536,788) Included:
Rental of property, vessels,
pipe lines and water and gas lines, $564,000; refineries. Including oil run
through stills, $3,115,206; operating wells, general expenses. Interest,
taxes, legal services, salaries, office rents, drilling expenses on new wells,
operating gas and water lines and miscellaneous Items, $1,121,788; trans¬
portation expenses by land and water and operating various outside
branches, stations and offices, $1,735,793.
[On Aug. 201908 aspeclal dividend of 200%, or $15,794,800, was declared,
payable In the company’s obligations, which was generally applied to
payment for treasury stock.
Beginning Oct. 20 1908 the monthly dividend
on the enlarged stock was made 6% per annum, or Y of 1% monthly.—
V. 87, p. 551.—Ed.]
Authorized stock, $50,000,000; outstanding Dec. 31
1909, $25,130,600.
No balance sheet Is furnished. V. 90, p. 1177.
the total
Union Natural Gas
Corporation.
{Report for Fiscal Year ending Dec. 31 1909.)
Pittsburgh, Pa., Feb. 8 1910,
President T. N. Barnsdall,
640
400
1,478
1,015
-
Acres.
From
the total carrying
&C., 466,950 bbls.
1485
THE CHRONICLE
June 4 1010.<
producers,
Through It,made
too.
ships and marketing facilities are Insured profitable business
but It Is most valuable to dh as a means of
bringing within reach the production, generaUy, of the Valley fields, which
up to this time we could not handle In competition with our neighbors
because of the comparatively high cost of rail transportation, the only
for the same length of time,
reports as follows:
Since the last annual report your company, through its underlying com¬
panies, has acquired 97,998 acres of new oil and gas leases, and surrendered
43,372 acres that have proved unproductive, and now holds 283,406 acres.
In addition, your company owns a
one-half Interest In 55,802 acres in West
Virginia, through Its ownership of stock in the Reserve Gas Co.
During the year your company has purchased two gas wells and drilled v
94 wells, of which 82 were gas wells and 12 were unproductive, and now has
a total of 5 oU wells In Ohio, 613 gas wells In Ohio and Pennsylvania and,
through its ownership of stock in the Reserve Gas,Co., a one-half Interest
In 195 wells In West Virginia.
There were laid In field lines 44.1 miles; In main lines 28.5 miles; In ex¬
tensions In cities and towns 11.1 miles, a total of 83.7 miles of pipe.
The
additions to main lines consist of a new 16-lnch coupler line from Union to
Sugar Grove, connecting the Bangs and Sugar Grove compressing stations,
thus completing the large trunk line from West Virginia to the Banks sta¬
tion and giving the towns In Northern Ohio a direct line to the West Virginia
field.
A 1,300 h. p. gas engine gas compressor was installed In the Sugar
Grove station, made necessary by the Installation of this 16-lnch line.
Also
a 300 h. p. gas engine unit was instaUed at McKinley station for use on the
Bradford and Warren transportation lines.
Number of consumers: Domestic, 89,246; Increase, 4,315; special, 1,562;
decrease, 788; total, 90,808; increase, 3,527. *
The underlying companies are supplying through their own distributing
systems gas to Bradford and Warren, In Pennsylvania, and the following
towns In Ohio: Athens, Ashland, Adelphl, Bellevue, Bucyrus, Carey,
Cardington, Centerburg, Chicago, Chllllcothe, ClrclevlUe, Clyde, Crestline,
Clearport, Elyria, Findlay. Fostorla, Fremont, Gallon, Galena, Hallsvllle,
Homer, Hebron, Kingston, Lorain, Laurelvllle, Logan, Marion, Mansfield,
Mlllersport, Monroeville, Mt. Gilead, Newark, Norwalk, North Amherst,
Plymouth, Rock Bridge, Stoutsvllle, Shelby, Sugar Grove, Sunberry,
Thornvllle, Tiffin, Upper Sandusky, Westerville and Utica.
They are also
delivering at the city limits and supplying gas on a favorable percentage
basis, through distributing systems owned by other companies. In San¬
dusky, Delaware, Mt. Vernon, Nelsonvllle, Dayton and Lancaster, Ohio.
OPERATIONS OF THE CORPORATION AND ITS UNDERLYING
COMPANIES FOR CALENDAR YEARS.
1907.
1906,
1908.
1909.
$3,658,090 $2,990,92$
$3,377,117
Gross earn.,gas,elec., &c. $3,473,442
Oper, exp., Incl. taxes,
drilling, rentals, roy¬
943,511
1,143,636
1,067,450
alties, &c
1,134,401
422,863
436,502
404,946
Gas purchased
....
437,602
Net Inc. from oper... $1,901,439
Int. on bonds. &c
235,891
Dividend
(10)900,000
kind available to us.
[The “Los Angeles Times” of May 13 1910 said: “The Producers’ Trans-
Co.,
has fields
an oil at
pipea cost
line offrom
Midway,
Btrtatlon
River
andwhich
just completed
Coallnga
to Port Harford,
overthe
$3,500,000,
$1,904,721
$2,077,952
250,705
268,079
(10)900,000 (10)900,000
$1,624,552
ern
already has decided to paraUel Its lines, and has let the contracts for the
pipe, at a cost that must exceed $2,000,000.
Fast upon the completion
of the first pipe line the Lakevlew gusher, which is largely owned by the
Union Oil Co., was brought In, and for almost sixty days this volcano has
been spouting forth oil at the rate of from 40,000 to 50,000 bbls. a day.
The Producers’ pipe line has been handling about 20,000 bbls. of the Lakeview production every day, but has not been able to take care of the output
of one well."]
Number of Wells, Miles of Pipe Line, Tankage, Dec. 31.
—No. Wells— Miles Pipe Line —Tankage (bbls.) —
,1909.
302
1908.
236
1909.
412
1908.
385
1909.
3,647,000
Assets—
$1,168,079
$909,873
run
1909.
Liabilities—
$
.17,157,292 16,611,972 Capital stock...„. 9.000,000
Bonds, “Union”.. 2,100,000
Underlying bonds. *867,500
Net accts. payable
449,851
Total surplus
4,739,941
“Investment”
Total
*
These
1908.
$
1909.
$
1908.
whereby our company was
appointed sales agent for the agencies for a long term, commencing early In:
the year 1910.
Under this arrangement our company will be called upon
to market practically double Its present quantity of fuel oil.
It Is practlcaUy certain that coincident with the going Into effect of this new arrange¬
ment we shaU enter upon a decade of most satisfactory business relations
with these proprietors of a large and growing production.
Outer Harbor Dock & Wharf Co., San Pedro.—It has been apparent for
some time that the proper development of our rapidly growing business
demanded larger and. more permanent facilities for storage and deep-sea
shipment at San Pedro (Los Angeles), and careful consideration convinced
us that such facilities could best be afforded by the-Outer Harbor Dock 6b
Wharf Co.
We accordingly felt justified at an early stage In purchasing
one-twelfth of the. capital stock.
Subsequent developments, however .“have
made It necessary ;to advance considerable sums to the carrying on and
completion of the work of reclaiming the lands and the construction of the
sea walls, wharves and channels, ~/Tbe. Union OH Co. has in thls way
gradually acquired a controUlng lnterest’jn the stock of the Outer Harbor
$1,150,705
$754,016
$988,600
$635,952
BALANCE SHEET DEC. 31.
3,300,000
Producers’Transp. Co-200 None.
1,920,000
None.
Independent Agencies.—The producers, members of these agencies, are
termed “Independent” to contradistinguish them from such of the other
producers as are also transporters of oil, either by rail or by pipe line, which
they own and operate.
After a series of negotiations extending over
Union 011 Co
$1,135,891
$765,548
Surplus
268,600
(8)720.000
1908.
$
9,000,000
2,400,000
*899,000
338,579
3,974,393
Total .........17,157,292 16,611,972
17,157,292 16,611,972
and are mostly 5 per cents.—V. 90, p. 451.
from 15 to 25 years
Pittsburgh Oil & Gas Go.
{Report for Fiscal Year ending March 31 1910.)
President T. N. Barnsdall says in substance:
several months, an arrangement was effected
through our underlying companies
surrendered 13,951 acres that have
proven unproductive, leaving in force 111,047 acres, of which 40,758 acres
are operated and 70,289 acres unoperated, the net decrease being- 2,316
acres.
In addition we hold 498 acres of rayalty accounts, 845 acres In fee
simple and 684 acres of oil and gas rights, having surrendered 60 acres of
royalties and 10 acres of oil and gas rights, and acquired 0.68 acres In fee
During the year we have acquired
11,635 acres of oil and gas leases, and
during the period.
\
w
^
,
.
operations resulted In the completion of 60 wells, 8 of which
were unproductive.
We purchased 3 wells, sold 8 wells and abandoned
84 wells, and at this date nave a total of 1,330 wells.
;
i
•.
Location of the 1,330'Wells (Oil, 1,132; Gas. 198).
\
Penn. W.Va.
N. Y,
Hut. 6 Ohio. Texas. Okla.
111.
109 -x. 210
QlLBlvc..
305
261
r 129
103
15
u.
119
26 ’v...
37
Ga4*DlV._
2
15
Of the 84 wells abandoned, «ffi were .located In the Indiana field and 45
Dock & wharf Co., as Well as the whqle of lts bond issue, and has guaranteed'
the payment of said bond issue In order nr provide funds for the campletiOHr distributed over other States where operating costs exceeded the revenue.
General Results.—The net production of oil shows a decrease as compared
of the work.
[A $1,000,000 mortgage was made In 1907.
See V. 85, p.
with last year of 90,266 bbls. (and of 202,380 bbls. compared with 1907-08.
I486.]
Our board has full faith in the suocess of the enterprise.
The drilling
*
;
*
_
1486
THE CHRONICLE
—Ed.) and is attributed
to the natural decline of the old wells.
The
from the production of 369,470 bbls. of oil amounted to
$439,670,
an average of
$1 19 per bbl., a decrease of 12 cents per bbl. as compared
with last year.
459,736 in
1909-10.
1908-091908-09.
29,801.10
22,396.57
29,847.00
66,081.03
54,358.80
59,756.78
Texas
36,274.48
39,129.14
[Avge. net production per month. 30,789.19 bbls., In 1908-09, 38,311.]
The production cost of oil aggregated
$182,266, an average of 49.3 cents
per bbl., an Increase of 8 cents per bbl., due to
decreased.production.
The production and sale of gas from our own wells
during the year shows
an increase of
approximately 200 million cubic feet over last year, and the
revenue derived
_
from the sale of same exceeded that of last
year by more
than $27,000.
The production and transporting cost In the
gas division
for the year aggregated $110,478, an
average of 8 % cents per 1,000, and
In comparison with last year’s cost of 13
cents per 1,000 an appreciable
saving Is shown.
Financial.—Early In the year the directors authorized the sale of the
company’s holdings In the River Gas Co., being 750 shares, for $322,500,
which amount was disbursed under the
mortgage to retire outstanding
bonds.
The total bonded and floating
liability of your company has been
reduced during the year by approximately
$427,000, and with the Increase
shown In current assets a further amount of
$50,000 is available to apply
on liabilities.
[The year’s surplus, $203,358, and the proceeds from sale
of River Gas Co. stock, $322,500,
afforded a total of $525,858, from which
$54,437 was used for additions to plant and $481,000
(less $17,573 from
sinking fund) was used to retire bonds.—Ed.]
1909-10.
Gross earns.—Oil division.$439,670
Gas division
336,256
Proportion of net earnings
other companies
27,733
Oper
exp., lnclud. rentals,
royalties, taxes, drilling,
depreciation, &c
409,637
Net earnings
$394,022
Deductions—
Interest on bonds, &c
$185,420
Transf. & regis. of bds, &c_
5,244
Total deductions
$190,664
Balance surplus for year..$203,358
1908-09.
1907-08.
1906-07.
$600,948
309,148
$783,560
387,357
$1,009,816
366,227
60,261
65,596
59,197
$970,357
$1,236,512
$1,435,240
424,974
489,204
564,174
$545,383
$747,308
'$871,066
$241,827
1,340
$243,167
$302,216
$237,786
1,340
$255,289
4,320
$239,126
$508,182
$259,609
$611,457
CONSOLIDATED BALANCE SHEET OF MARCH 31 1910
(Including Subsidiaries).
Assets
($9,892,393) —
Leaseholds, franchises, good will, Ac. ($4,001,521); oil and gas
wells, pipe lines, machinery and equipment, &c
.($5,289,882) .$9,291,403
Investments In other companies
Unsold oil at market price ($15,293); material and
supplies In
warehouses ($196,461)
Accounts and bills receivable, less reserve for bad
debts
Cash—special accounts with banks holding company’s notes
($29,500); cash In banks subject to check 4$19,384); cash In
hands of agents ($1,150)
225,831
211,754
113,371
The account of the annual
meeting held May 4 furnished
to the “Ohio State Journal”
by W. B. Jackson supplements
the typewritten balance
Inconvenience.
INCOME ACCOUNT FOR YEARS ENDING MARCH 31.
1909-10.
Net Income
Preferred dividend (5%)
Surplus for
year
Surplus brought forward
Assets—
equipment
Artificial gas plant
Material & supplies
Cash
Government bonds
Accts. receivable.
Ammonia,
coke,
tar, meters, Ac.
....
Pres.
Company, Pittsburgh, Pa.
(Report for Fiscal Year ending Dec. 31 1909.)
Eugene Mackey, Pittsburgh, March 3 1910 wrote:
Since the last report your company and Its
underlying companies have
laid 18 miles of 18-lnch and 60 miles of
16-lnch trunk line, and 20 miles of
Add lines, constructed a new 900 h. p.
compressor plant at Vilas, Kan., a
new 600 h. p. and a new 300 h.
p. compressor plant In the East Chanute
field; added 3,300 h. p. to the compressor plant at Grabham
and 300 h. p.
to the compressor plant at
Neodesha, Kan. Two gas wells were purchased
and 130 wells drilled, 98 of which were
gas wells and 32 were unproductive.
29 wells were abandoned
during the year.
We now have 203,068.25 acres
under lease, with 452 gas wells drlllled
thereon.
The number of con¬
sumers lucreased over
11% during the year, and we now have 134,011
domestic and 638 manufactxi^MT'er total of
134,649 consumers.
The company supplies the
fallowing cities and towns with natural gas,
reaching a population of over 750,000; (a) St. Joseph
16-lnch line and
branches: Fort Scott, Colons^, Welda, Sclplo,
Richmond, Princeton, Ottawa,
Baldwin, Lawrence, Topeka, Leavenworth, Tongonoxle,
and Atchison In
Kansas; Weston and St. Joseph In Missouri; (b) Kansas
City, 16-inch line:
Le Loup, Wellsvllle,
Edgerton, Gardner, Olathe, Lenexa, Shawnee, Merrlam, Rosedale and Kansas City In Kansas,
and Kansas City, Mo.; (c) Southern
trunk, 16-lnch line and branches: Galena,
Oswego, Liberty, Columbus,
Altamont, Cherokee, Scammon, Weir City and
Pittsburgh In Kansas,
Carl Junction, Oronogo, Joplin, Webb
City,
Cartervllle,
Purcell, Neck City,
Alba and Carthage in Missouri.
Also mines and mills In the lead and
zinc districts In this
locality; (d) Field lines:
Jefferson, Petrolla, Carlyle, Elk City, Thayer, Independence, Sycamore,
Parsons, Coffeyvllle and
Caney, Kansas.
i'
Number
of
RESULTS FOR CALENDAR YEARS.
1908.
1907.
1906.
consumers
Dec. 31
134,649
121,083
110,112
from sales of
oil, Ac
$3,946,911
$3,892,026 $3,019,519
Deduct—
Malnt., oper. exp., rentals
and taxes
£928,704
£834,205
784,206
Rentals leased prop., gas
purch. A Int-..-.... yl,434,191
yl ,509,185
1,028,246,
Dividends
(3 )^)420,000 (5^)660,000
Gross
59,087
earns,
gas,
$1,999,313
1,233,811
Balance, surplus
$1,164,016
$888,635 $1,207,067
$765,502
£lncludes cost of drilling 130 wells In
1909,
against 104 In 1908.
{/Includes bad accounts written off.
CONSOLIDATED BALANCE SHEET DEC. 31.
1909.
$
Aasefs—
275,000
$348,083
275,000
$177,464
218,494
$22,087
196,406
$73,083
123,323
395,958
$218,494
$196,406
BALANCE SHEET MARCH 31.
1910.
1909.
1910.
S
$
Liabilities—
$
Pref. stock outst’g 5,500,000
8,446,711
8,377,817 Com. stock outst’g 2,750,000
1,500,000
1,500,000 First mtge. bonds,
78,331
37,456
Columbus Gas Co. 1,500,000
30,905
17,375 Accounts payable.
197,393
140,192
49,292 Accrued taxes
17,277
177,148
168,599 Accr’d int. on bds.
18,750
Unpaid dividends.
6,091
3,965
Surplus
10,379,378 10,154,504
Total
1908.
$
1909.
$
1908.
5,500,000
2,750,000
1,500,009
151,089
16,107
18,750
64
395,958
218,494
.10,379,378 10,154,504
Oklahoma Natural Gas Go.
During the past year we have extended the 12-inch trunk line from
Sapulpa northeast to the Collinsville field, a distance of about 25 miles,
which put us In reach of a large
supply of gas.
We also connected five
additional towns, which practically completes our
system.
We now supply the following cities and towns In
central Oklahoma:
Oklahoma City, Guthrie, Shawnee, Chandler, Stroud,
Wellston, Davenport,
Luther, Edmund, Meeker, Arcadia, Kellyville, Midlothian, Bristow
and
Depew, a combined population about 90,000.
We have drilled but four
wells simply for tests, and our gas rights and total volume of
wells remains
about the same.
Our consumers have incerased In all towns from
8,208
to 12,992, or 4,784 for the year.
FINANCIAL STATEMENT FOR YEAR ENDING FEBRUARY 28
1910.
Year end. 14 Mos. end.
Feb. 28 ’10.
Feb. 28 ’09.
Gross earnings
Deduct—
$441,607
purchased
Oper. exp., taxes, rentals, bad accts. charged off
and drilling wells
Interest on funded and current debt
Profit and loss suspense Items (incl. taxes and bond
Interest of 1908—paid in 1909)
Total deductions
Net to surplus
$205,416
$61,585]
| (f $194,951
106,2671
two)
years )
or
92,677]
51,885
-._
$312,414
$194,951
$129,192
$10465
BALANCE SHEET FEB. 28.
Assets—
1910.
1909
Liabilities—
1910.
1909.
Investment
$5,562,382 $5,334,555 Capital stock
b$ 1,000,000 $4,000,000
Cash
277,789] al75,910 Bonds
1,791,400 1,500,000
Accts. receivable
181,808/
Accounts payable.
a
90,922
Surplus
Total
a Accounts
139,657
$6,021,979 $5,510,465
receivable
and
cash
Total
stated in
are
1909
10,465
-$6,021,979 $5,510,465
after
deducting
accounts
payable,
b Of which $68,600 In treasury.
Note. $200,000 of bonds were retired March 1
1910, leaving a bond liability of
$1,591,400 outstanding, $200,000 of which will be retired on March 1 of each
year
thereafter.
The bonds are first mortgage gold 6s, int. M.& S.—V.
90, p. 1047, 980.
Wichita Natural Gas Co.,
Pittsburgh, Pa
(Report for Fiscal Year ending Dec. 31 1909.)
Pres. J. D. S. Neely, Pittsburgh, Jan. 18
1910, wrote:
.
Since the last annual report the company has laid In
main and field lines,
21 miles, bringing the total amount of
pipe, main and lateral, of various
sizes from 2” to 12’’, to 364 miles.
During the year the company Installed
a relay compressing station
midway on the 12-lnch trunk line, and acquired
control of valuable acreage, aggregating 23,000 acres.
Drilling operations
during the year resulted In the completion of 18 wells, 14 of which
were
productive and 4 non-productive.
The number of consumers has been Increased
3,169,
number of consumers now being supplied
making the total
20,846, classified as follows:
domestic, 20,733; manufacturing and special, 113; total, 20,846.
The company supplies the following cities and towns:
Wichita, Winfield,
Grenola, Burrton, Douglass, Mulvane, Bentley, New Salem, Mt.
Hope,
Hutchinson, Wellington, El Dorado, Halstead, Belle Plalne,
Derby,
Atlanta, Oxford, Haven, Newton, Arkansas City, Burden,
Udall, Valley
Center, Sedgwick, Rose Hill and Cambridge.
RESULTS FOR YEAR ENDING DECEMBER
31 1909.
(The company began supplying gas In April
1907.)
Years end. Dec. 31.—
9 Mos. end.
1909.
1908.
Dec. 31 ’07.
—
$
Gross earnings from sale of gas, Ac
Operating exp., rentals, taxes, Ac—
Gas purchased
_
Allowance for free service—
...
-
i
1909.
$
(Report for Fiscal Year ending Feb. 28 1910.)
President G. T. Braden, Oklahoma City, Okla.,
April 12
1910, in making the second annual report, says:
Liabilities—
$
Leaseholds, wells,
Accts, pay’le (net)
503,090 ..c 567,667 -^Netlncome
pipe lines & com¬
_r,
Bonds outstanding 5,733,333 l
6,533,338
Interest on bonds, Acj_-_
pressor plants.. 21,389,958(21,694,281
Capital stock.
12,000,000 12,000,000 ;
Stock In other cos.
603,762/
Surplus
ui—■
3,757,297-•}2,593,281-1 * Surplus earnings—„
6 V.
1
"—«•
Adcdunts charged off, deprec’o.,
Total »-vi'w......21,993,720 21,694,281 * Tati!
:
.....21,993,720 21,694,281
Bond Inti Hor 1906 and Items -paid
a Accounts
before
Co.
was
In
operative condition
payable are stated after deducting cash and accounts
recelvabli
amounting to $1,339,148 in 1909
90, p. 113.
Net surplus.
.
1907-08.
$297,087
275,000
Total surplus end of year
Property, plant &
1908-09.
$452,464
_
Gas
Kansas Natural Gas
com¬
The statement of the board showed that
the net surplus for the year,
after charging off $42,000 for depreciation, was
$177,464, or about $12,500
in excess of 6%
earnings on the common stock.
President Turney, more¬
over, stated:
“Your board now hopes that the time Is near when
some
return will be made to the holders of the
common stock.’’
This Is taken
to mean that the new board will soon take
up the question of dividends on
the common stock, of which $2,750,000 Is
outstanding and on which no
dividends have as yet been paid.
While no time has been stated for action
on a common stock
dividend, It is rumored that It will be taken up at the
regular monthly meeting of the newly elected board next month and
the
first dividend may be paid July 1.
While the rate has not been discussed
outside the board. It Is rumored that a distribution of
1% will be made
at that time.
The report as read by Pres.
Turney showed that the company had aban¬
doned 13,439 acres of leases
during the year and had taken new leases on
20,131 acres, making the total acreage under lease at the close of the
fiscal
year 89,275 acres.
The company now has 169 producing gas wells, a
gain
of 5 during the year.
It has drilled 8 oil wells, of which two proved to be
dry, and has sold $13,069 of oil during the year, with a production now
aggregating about $2,500 a month.
The company has 26,741 natural gas
consumers, a gain of 1,237 during the year and 600 consumers of artificial
gas, or a total number of 27,341 consumers.
The total collections during
the year aggregated about $2,100,000.
The company last winter had the
greatest amount of gas In Its history available for Its
consumers; but the
severe weather and the failure of the
Columbus Natural Gas Co. to deliver
gas during the cold weather caused the
company and Its consumers much
50,034
-
sheet, &c., furnished by the
pany as follows:
Total
-V. 88, p.1432.
Liabilities ($9,892,393)—
•
Capital stock—60,000 shares of $100 par value
$6,000,000
Flrat mortgage 6% bonds ($395,000);
collateral trust 6% bonds
($34,000); Third mortgage 6% bonds ($1,200,000)
1,629,000
Bills and loans payable
($757,903); less proceeds sale of oil
deposited for liquidation of notes ($23,024)
734,879
Miscellaneous accounts ($57,060); accrued
wages ($34,384);
meter deposits ($5,107)
96,551
Bond Interest accrued not presented
($42,990); past due (third
mortgage) ($216,000)...
258,990
Surplus as shown by report of March 31 1909 ($969,494); add
adjustments, $121, and surplus for year ending March 31 1910,
$203,358; total
1,172,973
Towns Supplied with Gas.—The
following towns are now being supplied
with gas by our underlying
companies, and those In which we are Interested:
(a) Ohio—Amboy, Ashtabula, Andover,
Austlnburg, Bladensburg, Conneaut, Coshocton, Geneva, Jefferson, Kingsville,
Simon, Warsaw and West
Bedford; (5) Indiana—Clarksville, Hartford City, Marion and
Noblestown;
(c) West Virginia—Cameron and
Loudensville; id) Pennsylvania—Bullion,
Clarion, Corsica, Fredonla, Greenville, Hadley,
Jamestown.
Mechanics
vile,
Summerville and Osgood; (e) New
York—Bowmansvllle, Depew, Lancaster
and Wllllamsville; U)
Texas—Corsicana.—V. 90, p. 1176
LXXXX
Columbus (O.) Gas & Fuel Co.
(Report for Fiscal Year ending March 31 1910.)
revenue
Oil Production—Total Barrels 369,470 in
1909-10;
Hiph-Grade Oil 1909-10.
1908-09.
Low-Grade Oil
Penn
59,853.79
92,910.18
Indiana
Ohio
40,168.70
49,461.09
Illinois
West Va__.126,570.85 122,597.26
Oklahoma
[VOL.
$
$
748,119
127,667
26,406
608,686
108,739
594,046
104,964
453,380
105,890
279,809
88,076
34,031
12,537
~~
489,082
27,770
99,857
347,490
43,310:
>•*.
_•
461,312
191,733
304,180
92^176
•
•...
:
...
• .'-*«*
26,355
65,821
June 4
BALANCE SHEET
Assets—
Investment (lines, wells, acreage,
&c.)
BALANCE SHEET SEPT
DECEMBER 31.
1907.
1908.
1909.
5,456,613
5,036,203
4,767,472
385,300
271,202
151,651
1,240,000
Capital stock (30,000 shares, par $100)
Surplus
3,000,000
831,313
1,395,000
3,000,000
370,001
1,550,000
3,000,000
65,821
Total
-
Plant, &c
Materials,
557
Ins.
paid In adv
5,036,203
4,767,472
has redeemed $125,000 of Its
bonds.—Ed.]—V. 90, p. 241.
7,016,306 6,415,722
Total
The dividend recently
The sum of $352,802 was credited to the fund for depreciation and genera
and extraordinary repairs of steamers, and charged to the year’s expenses.
After charging the fund with payments made for Its account, the sum of
$2,342,270 remained to Its credit at the close of the year, a gain of $292,918
during the year.
The S. S. Pennsylvania, costing $238,600, was added to
the company’s fleet, replacing the S. S. Indiana, lost In April 1909 and
written off In last year’s report.
1908-09.
1907-08.
1906-07.
$4,513,767
15,180
133,594
2,403
$4,138,531
$4,659,046
15,180
137,413
45,188
15,180
134,757
30,262
$4,664,944
$4,336,312
$4,839,245
Steamer expenses
..$3,851,365
Agency expenses
572,997
General (lncl. Insurance)
287,503
Miscellaneous expenses..
3,283
Deprec. and gen. and ex¬
$3,852,298
$3,530;227
$3,496,125
537,448
258,822
4,169
563,137
271,604
2,665
568,973
226,682
2,769
351,892
397,494
414,292
_
352,802
traordinary repairs, &c.
$5,067,950
$5,004,629 $4,765,129 $4,708,841
def.$214,576 def.$339,685 def.$428,817 sur.$130,404
Total
Balance
—V. 88, p. 1441.
Monotype
Machine
1909.
1908.
1907.
1906.
$301,320
$299,828
$2,083
70,730
$305,390
$4,575
76,527
Net Income...
Dlvs. on pref. (7%)
$163,334
$236,356
$54,250
$54,250
(2)76,000
$227,015
$54,383
(2)76.694
$224,287
$54,383
(2)76,694
Balance, sur. or def__ def$23,916 sur$106,106
sur$95,938
sur$93,210
made, being the first dividend since the semi-annual 2% paid
1907.
V. 89, p. 923.—Ed.]
The Installation of machines In the large newspaper offices
continues.
Since our last report the New York “World”
April 15
of the country
has purchased
eight machines and the New York “Journal” four. A number of other
large newspapers of the country have Installed two to four machines.
The
“News-Leader” of Richmond, Va., has changed completely from slug ma¬
chines to monotypes, having Installed eight monotypes.
Many Important patents were Issued during the year and Improvements
of great value were made and Incorporated in the machines.
Our patents
and Improvements are carried on our books at their actual cost In labor
and material.
New Stock.—Notice of the proposed Issue of $1,000,000
stock was presented to you by circular under date of April
be brought before this meeting.—(See V. 90, p. 1105.)
Increased capital
15 1910, and will
English Company.—The English corporation reports continued Improve¬
It Is believed that It has established itself on a per¬
ment In Its business.
manent dividend basis.
1909-10.
FISCAL RESULTS.
1908-09.
Casting mach.placed (No.)
Keyboards placed (No.)
Net sales
Net profit
after deprec.
$1,358,678
$1,036,430
505,468
309,964
_
1907-08.
342
446
1906-07.
381
571
$1,024,594
258,473
$1,312,873
(2)99,468
(4)198,516
Deduct—
Dividends on stock
(1M)75,000
Paid Wood & Nathan,
sales agents, In taking
over sales contract
Balance, surplus
*
The “Net
$430,468
*514,733
75,000
$84,005
$309,964
$316,217
profit” In 1906-07 Includes $314,733 from regular profits of
the business and $200,000 from sale of Continental patents.
BALANCE SHEET MARCH
1910.
S
Assets—
1909.
S
Cash
81,764
Bills receivable
*367,823
Accounts receivable.
515,688
Stocks and bonds...
722,113
459,527
Inventory (cost)
.
1.
..
...
6,708,389 6,366,163
.5,000,000 4.998,060
36,111
54,748
108
Dividends unclaimed
.1,653,641 1,331,885
673,593 Profit and loss
467,999
Plant
580,315
596,577
Office furniture
16,672
15,239
Rights, Iran. & imp.3,964,487 3,892,577
Total
Total
.
..6,708,389 6,366,163
$439,100
{Report for Year ending Sept. 30 1909.)
OPERA TIONS A ND FISCAL RES ULTS.
1908-09.
1907-08.
1906-07.
1905-06.
1,026
43,860
$1,136,885
104,946
1,089
58,513
1,063
53,368
1,036
49,031
Receipts from gas rents. $1,537,000
Income from coke, tar,&c
200,766
$1,410,900
176,463
$1,229,585
133,815
$1,737,766
1,133,682
$1,587,363
$1,363,400
908,040
$1,241,831
$604,084
$556,822
3,811
$455,360
4,221
$509,952
3,290
Total income
Oper. expenses & taxes.
Net earnings
r
Int. from debens., &c__
_
1,030,541
iA
Total net
Deduct—
Interest
Income*-;:.
Dividends (10%)._w,4..
Renewal fund (5%)
Reserve fund
Balance for year..4..
$607,374
$560,633
$2,828
3U,050;
def.$54,904 sur.$21,368
731,879
3,976
$459,581 ; ,-$513*928
.
$11,563
342,167
308,548
1909.
«.
Assets—
Cars, franchises, pat¬
ents, real estate,
buildings, &c
1908.
$
3,800,000 3,800,000
775,000
775,000
7,596,583 7,640,916 5% equip, gold bondsl.827,000
Construction and ma¬
terials
104,669
Accounts receivable.
108,807
39,194
Cash
1,920
Prepaid, &c., expen.
*166,534
Bond disc. & exp
Car lease warrants..
Car renewal funds
72,811
135,748 Dividends paid Jan.
23,294 Accounts payable...
1,704 Bills payable
Surplus invested in
assets of company.
8,017,757 7,874,473
Total
1908.
$
1909.
S
Liabilities—
Common stock
Preferred stock.
1,512,495
170,501
38,992
65,125
46,125
80,018
84,813
30,000
1,431,622 1,455,538
..8,017,757 7,874,473
Total
Total bond discount and expense was $207,610; deducting discount on
lease warrants retired during the year, $31,290, and proportion written
off, $9,735 leaves balance as above, $166,584,—V. 90, p. 1176, 1106.
*
car
Co., Limited.
The remarks of President Harris at the annual meeting
on March 30 were cited briefly in V. 90, p. 980.
Gen. Mgr.
Thomas Cantley on that occasion and in the report said:
Results for First Quarter of 1910.—There has been an increase in the output
of ingots from 17,508 tons for the first quarter of 1909 to 20,372 tons for
the corresponding period of 1910, or an increase of practically 19%; an In¬
crease in the amount of coal mined of 8% and of coal shipped 20% .
In¬
creases weer also recorded In the steel department and in practically every
other department.
Moreover, the average net prices obtained from our
steel sales for the three months ending March 31 1910 showed an Increase of
$2 01 per ton over the corresponding period of 1909.
The steel tonnage now
on the order books amounts to about 15,000 tons.
Prices.—The average net price obtained for the Iron and steel products
sold by us during 1909 was $3 12 a ton lower than during 1908 and $12 a ton
lower than during 1907; Indeed, lower than In any previous year.
Output.—Notwithstanding the severe depression, the output In 1909
showed increases in tonnage In practically every item over last year, and
also substantial Increases over the boom year of 1907.
Actual Tonnage Figures in
1909 and Per Cent of Increase over 1908.
Tot. tons.
Coal mined, used and shipped from
Ore shipped from Wabana
Coke made
Limestone and dolomite quarried
Pig iron made
j
Steel ingots at open-hearth dept., Sydney Mines
Steel billets rolled at New Glasgow Mills
Bars and plate rolled
Steel railway car-axles forged
Total shipments of finished steel, forgings, &c
Pig iron shipments
Inc.
460,387
20%
47%
74,407
58,676
40%
7%
Sydney Mines collieries..809,341
87,816
64,240
52,931
45,090
27,703
58,515
12,402
10%
20%
11%
25%
32%
Sales.—The total sales for the twelve months. Including coal, ore, iron
and steel products, was $5,477,845; while the cash receipts from the sale of
iron and steel products alone was $2,069,737, or $71,819 less than 1907,
notwithstanding that our total shipments of iron and steel were 70,917 tons
for the past year, as against 52,821 tons for the year 1907.
In other words,
the average price obtained for 52,821 tons iron and steel products sold In
1907 was $41 18 a ton; while the average price obtained for 70,917 tons in
1909 was $29 18 a ton, being the lowest average price in the history of the
company.
We also had to meet a reduction in the bounties paid on the
production of pig iron of 40 cents a ton, and on steel Ingots of 60 cents a ton,
amounting In all to over $60,000; and had we not been able to effect very
Important economies, brought about mainly by Improved physical condi¬
tion of plant, It Is apparent how seriously earnings would have been affected.
The royalty paid the Nova Scotia Government on coal mined was $75,899.
Wages.—On May 19 it was decided to grant an advance of 2 cents a ton
on coal mined, one cent to be paid to the loader and one-half cent each to
the shot-firer and machine-runner.
This advance was accepted* by the
Provincial Workmen’s
Association.
New Glasgow Plant.—The two new continuous ingot-heating furnaces
referred to last year have worked continuously and have more than fulfilled
our expectations.
Two new furnaces of the same type for re-heating billets
for the finishing mills were built, replacing the old type of furnaces.
President Robert E. Harris, Feb. 18 1910, wrote:
Consumers’ Gas Co. of Toronto.
—
9,735
profits for the year amounted to $907,949, as com¬
pared with $734,701 for 1908. In view of the depressed condition of busi¬
ness during the greater part of the year, this result should be satisfactory.
The volume of business transacted by the company during the year
shows a substantial increase, and Is In excess of any previous year, and it is
expected that there will be a still further Increase in 1910.
A sum of $184,453 for premium and commission on redemption of old
and issue of new bonds has been paid out of the profits of the year.
Stock Dividend.—The amount at the credit of profit and loss account on
Jan. 1 1909 was $1,219,221, against which the stock dividend of $1,000,000
declared In December 1909, was charged (V. 89, p. 1486, 1599).
Capital Outlays - Wabana.—The sum of $362,653 has been expended dur¬
ing the year on capital account in the development of the submarine iron
ore areas at Wabana and for improvements, plant, &q., elsewhere.
The development of our submarine iron ore areas at Wabana was con¬
tinued the main slope being extended through these areas a further dis¬
tance of 1,470 feet.
The slope is now about 1,650 feet into our own areas
from their southern boundary.
The development work carried on has fully
confirmed the estimates previously made as to the vast quantity of ore con¬
tained in and the great value of these areas.
The plant for the operation
of these submarine mines is now being installed.
Considerable extensions and Improvements have been made to the mills
at New Glasgow, and further extensions and improvements will be made
in 1910, with a view to increasing the output of finished steel.
Finances Readjusted.—The reorganization of the finances of the company
authorized by the shareholders has been carried out.
A new issue of $6,000,000 5% 1st M. bonds and an issue of $1,000,000 6% debenture stock
weremade; $3)500,000 of the bonds and the $1,000,000 6% debenture stock
were sold in Canada, and the two former Issues of 6%.bonds were paid off
* and canceled
(V. 88, p. 1376, 1563).
The balance of $2,500,000 of the
bonds'remains In the treasury. [Of these $1,5QO,000 have since been sold In
General Results.—The
After deducting bills receivable discounted, $425,000 in 1910, against
1909.—V. 90, p. 1105.
Street lamps, No
Meters, No__
25,362
(3)4)133,000
Dlvs. on common
•
*
a
1909.
$
1910.
$
Liabilities—
17,039 Capital stock
*374,001 Accounts payable
329.137
$104
64,860
$52,564
{Report for Fiscal Year ending Dec. 31 1909.)
General Results.—The net sales for the year were $1,358,678, showing an
increase of about 30% over the previous year, and the net profits were
$505,468, showing an Increase in profits of about 63% over the year 1908-09.
This Increase In profits for the past year was brought about by reason
of
the general reduction In
expenses and the cost of manufacture.
(Dividends were resumed Dec. 30 1909, when distribution No. 4, 1H%.
OPERATIONS AND
Lines, Chicago.
$250,996
Nova Scotia Steel & Coal
{Report for Fiscal Year ending Feb. 28 1910.)
President J. Maury Dove, May 5 1910, wrote:
was
238.—V. 89, p. 1143.
Net earnings
Interest on bonds
Int. on car lease war’nts
Propor. bd. disc.& exp..
Philadelphia.
Co.,
1,160,529
BALANCE SHEET DEC. 31.
$4,853,374
Total
444,393
81,245
296,147
106,773
76,835
{Report for Fiscal Year ending Dec. 31 1909.)
EARNINGS, EXPENSES, ETC.
Expenses—
paid was No
3,249,800
1,000,000
7,016,306 6,415,722
Total
Street’s Western Stable Car
{Report for Fiscal Year ending April 30 1910.)
President R. S. Lovett, N. Y., May 25 1910, wrote in part:
1909-10.
80,667
246,695
Debentures
Accounts receivable.
Pacific Mail Steamship Company.
Receipts—
7,276
Horses, &c_.
Cash
5,456,613
[Since Jan. 1 1909 the company, It Is said,
first mortgage 6s and $30,000 second mortgage
Gross rects. from steams_$4,664,030
Malls
15,180
Miscellaneous collections.
154,679
Inoome from Invests., &c.
19,485
6,512,517
168,593
&c
1908.
$
1909.
$
Liabilities—
3 ,500,000
5,902,134 Stock
fund
1
,000,000
175,988 Reserve
609,787
4,790 Renewal fund
231 Dividends
87,500
10,293 Dominion Bank.... 305,819
70,780
91,507 Sundry accounts ....
21,931
230,777 Special surp. acct
Stock prem. (1904)..1 ,420,489
<6
*£
A
30.
1908.
1909,
Liabilities—
Accts. pay’le, less accts. rec'ble & cash
Bonds: 1st M. bonds, $1,000,000;
2nd M. bonds, $240,000
Lanston
1487
THE CHRONICLE
1910.]
,
$6,574
286,771'
199,689
>tl 7ft,653,i
26,844 {'London; V. 90, p. 980.]
I
Dividend*^—The regular dividend of 2% quarterly has been paid on the
sur,$64,085
1 pref. shares, and on Jan. 15 a quarterly dividend of 1 % was paid on the ordldef.$8,618
$9,884
258,626
,
1488
THE CHRONICLE
shares, and the directors have declared further dividends of
on the
ordinary shares and 2% on the pref. shares, payable on April 151%
to share¬
holders of record on March 31 1910.
[VOL.
LXXXX
nary
RESULTS
Profits for the year
Government bounties.a
Total profits.
Balance brought forward
Deduct 20% stock dlv.,
declared Dec. 1909
Total available
Deduct—
Interest on bonds, Ac_.
Accrued int. on bonds._
Int. on deb. stock,
Depreda’n & renewals._
Dlv. on pref. Stock (8%)
Dlv. on common stock__
Commissions A prem’ms
Improv’ts A betterments
Sink, fund and miscell..
Total
Surplus carried forward.
d
FOR
CALENDAR
Marconi
Wireless Telegraph
Company of America.
CReport for Fiscal Year ending Jan. 31 1910.)
Secretary J. Bottomley says in substance:
YEARS.
1909.
1908.
1907.
1906.
$799,978
107,971
$586,767
$760,581
$799,400
147,935
179,210
150,967
$907,949
1,219,221
$734,702
1,202,604
$939,791
1,180,783
$950,367
795,325
$1,127,170
$1,937,306
$2,120,575
$1,745,692
$247,837
$263,650
$248,886
18,000
$255,639
18,750
158,905
82,400
101,879
82,400
The condition of the
company is excellent and the
conservative policy o
writing oft 10% depreciation has been continued.
Traffic receipts show an
increase of 25,523 over the
previous year, and after deducting current
expenses and depreciation, the net
receipts show a profit of $3,701, which Is
carried to the credit of organization
expenses and deficit account.
During the past year 120 steamers
plying on the Atlantic, with all of
which our shore stations
communicate, have been added to
employing the Marconi system. Other equipments have the list of vessels
been contracted
for and it may be
safely said that all such steamships of any importance
are now equipped, or are
about to be equipped, with the Marconi
system,
wireless has again played an
important part in the rescue of passengers
and in bringing assistance to
disabled vessels.
Bills have therefore been
Introduced in Congress making wireless
equipments compulsory on certain
classes of vessels.
1,000,000
18,000
30,000
77,669
76,746
82,400
82,400
(1)60,000 (1^)74,814
4184,453
52,174
86,808
55,830
115,667
$790,363
$336,807
Commissions and premiums
on
$718,085
$1,219,221
Without any cost to the
company, save a few dollars for patent office fees,
new and valuable patents have been
acquired, but no addi¬
tion to the amount
Standing on our books for “patents purchased" has
been made.
BALANCE SHEET JAN. 31.
rights to many
(6)299,256
110,524
106,240
$917,971
$1,202,604
$564,908
$1,180,784
1910.
1909.
Assets—
$
$
Patent rights, goodwill and contract-5,494,615 5,494,269
Cost stations and ex-
perlmental
converting bond issues written off.
less
BALANCE SHEET DEC. 31.
Assets—
1909.
Property and mines
1908.
662,2801
Cash
625,038
Cash
Furniture A fixtures
718,537
Organization
207,029/
Total.
Liabilities—
Preferred stock
Common stock
Bonds
Debenture stock
General reserve
6,000,000
3,500,000
1,000,000
750,000
Sinking fund
,
Bills payable and cash advances
Pay-rolls and acc’ts not due
Coupons (January)
Debenture stock interest Jan. 1
Dividend on preferred..
Dividend on common
Accrued interest, not due
Interest on cons, bonds redeemed..
Reserve for depreciation, Ac
Fire insurance fund
Profit and loss
Total.
—V. 90, p.
607,459
193,551
87,500
30,000
20,600
60,000
924,562
45,280
336,807
$1,030,000
4,987,600
3,561,500
750,000
438,507
39.623
1,202,604
$14,585,759 $14,135,789 $13,810,882
1106, 980.
Galveston Wharf Company.
{Report for Fiscal Year ending Nov. 30 1909.)
President John Sealy, Galveston,
Tex., Dec. 1
wrote in
part:
Early in
1909,
fiscal year the business handled was
heavy, but the move¬
during the past several months has been
considerably lighter than in
1907-08, owing to the comparatively small Texas
cotton crop and the
extremely light export grain shipments. We have during the
year paid
5% dividends on our stock, and have made the necessary
appropriation
from the general fund to the sinking fund.
On Jan. 22 1909 the sheds of piers 11 and 12 were
destroyed by fire and
we have been
our
80,497
31,061
4,814,098
7,867,365
44,147
9,740,328
16,392,122
6,073,037
13,460,122
From Income accounts
do
real estate sales, rents, Ac
do
insurance, shed A piers 12 & 13
do .a bills payable
do
do
do
pur. block (700)..
$774,830
$802,330
11,987
Total.
Disbursements—
Maintenance and operation
Fixed charges—interest and taxes...
Dividends paid
1
Construe, piers, wharf, railway, Ac__
Reconstruc. A sheds, piers 11 A 12.
Materials purchased
$907,903
$814,317
$867,547
$319,957
167,947
(5)131,330
$382,686
$196,620
164,033
(5)131,330
241,522
ported
—bush.
All elevators, grain exported
bush.
Coal received
tons.
51,572
1906-07.
61,282
Merchandise, coastwise business (in¬
ward) handled
lbs.493,621,620 301,718,217 475,807,419
Receipts—
.
_
...
Sinking fund
Bills payable
For purchase block No. 700
switch engines, part on account.
24,995
58,078
50,000
30,000
41,466
193,168
97,399
35,000
3,046
6,000
Total
$995,313
$87,410
Balance, deficit
7,607
125.Q00
167,606
(5)131,330
48,575
57,674
42,000
49,960
“
Miscellaneous accounts.
City of Galveston payment
$704,940
16,092
6,000
$901,923
$87,606
$907,294
$39,747
GENERAL BALANCE SHEET NOVEMBER 30.
1909.
Assets—
Office building..
Creosote works.
Marine ways
Elev. A. and B.
Dredging plant.
Material on hand
Switch engines.
_
3
3,000
5,000
5,000
411,848
30,000
71,463
90,968
5,222
1908.
1909.
1908.
$
Liabilities—
$
$
5,000 Capital stock
2,626,600 2,626,600
5,000 5% bds., lstser.1,500,000 1,500,000
5,000 5% bds., 2d ser. 300,000
300,000
409,500 6% bonds
500,000
500,000
65,000 Bills payable... 230,000
180,000
66,136 Interest accrued.
30,000
30,000
95,966 Taxes due.
51,019
47,040
Indivs. A accts.
100
Wharf, railroad
~A right of wayl ,431,383 1,412,187
Wharves,
piers,
warehouses A
real estate—2 ,932,188 2,908,228
Sinking fund— 2f* 144
198,144
Cash on hand
lto.057
11,729
Miscellaneous—
2,346
1,650
5,237,619 5,183,640
6,095,496 6,090,020
meeting
on
March 8
817,000
25,991
317,449
105,787
287,500
3,975
109,401
176,498
26,599,947 25,272,219 |
Total
.26,599,947 25,272,206
Telephone Co., South Bend, Ind.
{Report for Fiscal Year ending March 31 1910.)
At a meeting of the directors held at South
Bend, Ind.,
on April 8 1910, President Theodore
Thorward read a report
showing a net gain of 881 in the number of operating tele¬
phones during the fiscal year ending March 31 and oper¬
ating results as follows:
RESULTS FOR FISCAL YEAR ENDING MARCH 31
1910.
Tal. rentals, $108,486; long-distance tolls,
$12,848; oth. Inc., $850.$122,184
Less operating, maintenance and general expenses
55,708
Net Income
Deduct bond Interest paid and accrued
$66,476
21,090
Net profits applicable to dividends
Dividend on outstanding preferred stock
(7%)
Balance added to surplus
BALANCE SHEET MARCH 31
Assets
$45,386
24,997
$20,389
1910.
Operating telephones, 5,447@$127 96, $697,025; toll line wire,
1,148 miles @ $100 per m., $114,800; conduit, 237,778
ft. @
22c. per ft., $52,311; real estate and
buildings, $60,000; furni¬
ture and fixtures, $1,567
$925,703
400,000
Common capital stock
Accounts receivable, $3,257, and cash, $1,737
Advanced payment on equipment.
Total
Liabilities—
Pref. capital stock auth.,
4,994
6,500
.$1,337,197
$600,000, less unissued, $242,900
Common capital stock, authorized and issued (see
contra)
Bonds (6%) 1st M. auth., $400,000; less in
tresaury, $28,500,
and diverted to sinking fund and
canceled, $20,000
Notes payable, $90,302, and accounts
payable, $21,731; treas¬
urer, $569
Sinking fund reserve, $9,413, and accrued bond Interest,
$4,394.
u
$357,100
400,000
351,500
112,602
•
13,806
102,189
Total
$1,337,197
The 1st M. gold 6s, auth. amount
$400,000, Issued 1902; are payable
in 30 years, but subject to prior
redemption
at 105 and Interest.
Int.
J. A J. 15.
Par $1,000 and $500.
Trustee, Citizens’ Loan A Savings Oo.,
South Bend, Ind.
Sinking fund, 2^% annually beginning July 1 1908.
—V. 90, d. 1048.
.
Total.
20,692
South Bend Home
Surplus account
—
Total
.5 ,237,619 5,183,640
—V. 89. D. 346.
Total
-V. 89, p. 477.
66,119
35,000
30,000
25,000
7,670
10,000
count
Total
.
Boat stations
Furn. A fixtures..
Cash
Bills A acc’ts rec’le
STATISTICS.
86,240
22,924
23,275
Co., Ltd., London,
legal expense ac-
BALANCE SHEET JAN. 31.
1909.
1910.
1909.
Assets—
S
Liabilities—
$
$
Pat. A pat. rights. 5 ,520,234
5,005,100 Common stock... 10,000,000 10,000,000
Treas. stk., pref.
Pref. stock, 7% A
and com. (par). 4 823,460
5,310,410
participating... 10,000,000 10,000,000
Stock and bonds of
Accounts payable.
17,617
15,505
oth.cos. (bk.val.>14,148,610 14,128,610
Surplus
6,582,330 5,256,601
Fact'y mat’l on h’d
159,572
9,286
Eactories & equip.
35,552
25,997
Landsta.Areal est.
646,292
215,442
payable $50,000.
1907-08.
10,600
13,928
1910.
$
put to great expense in building new sheds of reinforced
concrete and galvanized iron, with vitrified brick
floors.
We have also
completed the north apron on piers 39 and 40, have filled In
pier 40, and
have added much to our railroad facilities,
including
the construction of a
track beyond the city limits on the right of
way purchased last year.
This
track will be extended to connect with the
To carry on these and other additions and causeway upon its completion.
Improvements we have had to
Increase our bills
1908-09.
71,496
27,145
Mortgage
Marconi Wireless Tel.
10,600
15,363
1,458
points other foreign countries are looked after.
We are completing the new plant In
Seattle, Wash. A site for a new fac¬
tory has been purchased in Jersey City, and contracts have been let for
building of a new plant. In which we expect to put the general offices. the
We have recently
purchased several acres of valuable land at Montauk
Point. L. I., on which we are arranging to build a
high-power station from
which we hope to do a trans-Atlantic business.
We are also arranging to
build a high-powered station In Porto Rico.
The one recently completed
in Santo Domingo Is working
fully to our expectations. With these highpowered stations completed, we will be In a position to handle
the cable
business from these islands.
The President assured the stockholders
that, notwithstanding certain
reports circulated, stock non-transferable till Feb. 15 1911 would
become
free of encumbrances on that date and be
again placed in escrow.
ment
Loaded cars received.
No.
Loaded cars delivered.
No.
Elevators “A” and “B”, grain ex¬
448,803
6,095,496 6,090.020
.
On Jan. 1 1909 our business had been
Increased to 118
792,237
42.390
445,102
610
992
•
Accounts payable..
ships and 52 land
stations, but, owing to the conditions, it took two years to reach
this numbers
On Jan. 1 1910 261 ships
were equipped and 102 land stations.
During
the past year our income and
expenses were, therefore, over 100% above
the preceding two years.
We are breaking In gradually
for the trans-Atlantic business.
Our Lon¬
don office, established some months
ago, is beginning to show results.
We
are sending our
very best men over there, as one or the greatest
possibili¬
ties for a world’s wireless
company is the English business.
We also have
representatives now in Russia, Turkey, Spain,
Portugal and China, and
from these
20,600
74,814
18,000
4.350
18,000
6,700
857,226
588
9,771
said in part:
75,000
20,600
585
23,368
5,166
1,038
6,044,800 6,044,800
notes pay-
United Wireless Telegraph Go.
{Report for the Fiscal Year ending Dec. 31 1909.)
President C. C. Wilson at the annual
750,000
341,665
616,510
197,878
930,183
198,862
75,000 1
1,219,221
Total
—V. 90. p. 917.
$1,030,000
4,987,600
3,660,000
117,308 Loans and
17,679
able
expen.
and def. acct
$14,585,759 $14,135,789 $13,810,882
$1,030,000
107,633
17,989
on hand.
Unexplred Insurance
Accounts receivable.
1907.
$12,582,191 $12,219,538 $11,897,803
1,134,259
1,291,213
1,194,542
Inventories
Ledger acc’ts and bills receivable
work,
depreciation..
Apparatus
1910.
1909.
Liabilities—
$
$
Capital stock Issued.6.190,000 6,190.000
Less treasury stock.
145,200
145,200
June 4
America, New York.
for
{Report
Fiscal Year ending Dec. 31 1909.)
Pres. Isaac L. Rice, New York, May 11 1910, wrote:
Casein Company of
The financial statement of the company as of Dec. 31 1909 shows balance
of undivided profits, $232,663, after payment of pref. dividend No. 38.
Of this amount $192,663 was transferred to working capital.
The shrink¬
In the surplus has not arisen from any losses during the year but from
depreciation charged against surplus account. The dividends and royalties
received from the subsidiary companies amounted to $128,700; but your
directors, following Its conservative procedure, wrote off from Income
account $47,680 for “general expenses, depreciations and accounts written
■off," and from surplus $37,399 for “reductions In Investment In capital
stock of subsidiary companies” and “accounts written ofT.”
Dividends
on the pref. stock, at the rate of 8% per annum, have been paid quarterly
(Q.-F.) since the organization of the company In 1900.
The business for the current year is satisfactory.
By the manufacture
age
offall the products of milk and by utilizing all by-products the company
has not only Increased Its earning power but has placed Itself in an excellent
position to withstand severe competition. Your subsidiary companies
now have 20 plants In different parts of the country In active operation,
and are seeking new locations.
It Is the policy of the management to add
to the company’s investments in those departments which show the greatest
earnings and to be fully prepared to meet the changes brought about by
new economic conditions.
This Involves experimental work looking to the
preparation of new products. Some such products were submitted to the
trade during the present year and were favorably received. Their pro¬
duction on a large scale should be attended with an appreciable Increase
In
earnings.
INCOME ACCOUNT.
Dlvs., &c., rec’d from
$128,700
subsidiary cos
Expenses, depr'n, &c. 47,680
$130,350
$81,020
$80,478
profit..
1909.
1908.
1909.
Net
Net profit
Dividends
49,872
1908.
$81,020 $80,478
preferred
on
stock, 8%
80,000
80,000
Balance, surplus
$1,020
$478
BALANCE SHEET DEC. 31.
1909.
1908.
$
$
1,000,000 1,000,000
5,487,000 5,487,000
Common stock
to
Due
subsidiary
companies
269,183
Accounts payable
2,665
3,626
Surplus
269,042
♦232,663
1908.
Liabilities—
$
$
5,147,711 5,147,080 Preferred stock
1909.
Assets—
Patents
Investment in stocy
of subsidiary cos.. 1,444,051
Notes receivable-...
8,217
Accounts receivable.
22,393
Cash
97,353
6,609
26,203
2.739
6.992,472 6,758,707
Total
After deducting $15,000 reduction In Investment
companies and $22,399 accounts written off.—V.
of stock of subsidiary
90, p. 1298.
Signal Company.
General Railway
(Report for Fiscal Year ending Dec. 31 1909.)
6
On account of the heavy reconstruction work, the Kokomo plant
been entirely shut down, producing no glass during the past year, and
has
the
Crystal City plant haB been operating on only a small part of Its capacity.
During the present year these plants should be finished and ready to
operate to full capacity, and If the Improved business conditions now pre¬
vailing continue throughout the year, satisfactory earnings should be made
the Increased Investment.
Our natural gas operations
the new field having become
on
have proven disappointing, the large wells In
rapidly exhausted. The loss on these opera¬
tions, amounting to about $45,000, was charged to expense.
Construction, &c.—The greater part of the increase In the investment
account Is represented by new construction at the Kokomo and Crystal City
plants.
The old plants at these points have been almost entirely razed and
dismantled.
The new construction is of the most substantial character
and modern design.
The productive capacity of the new plants will be
much greater than originally planned.
This will enable us to maintain
fully our relative position in the plate-glass trade and to reduce our cost of
production.
OPERATIONS AND FISCAL RESULTS.
1909.
1908.
1907.
1906.
$2,219,469
$2,050,099
preferred, 12%
$18,000
$18,000
$18,000
common...(7%>1,214,500 (7)1,214,500 (7)1,208,133
Depreciation
797,071
594,506
610,811
(6)913,235
$1,913,036
Profits
Dlvs. on
Dlvs. on
Balance, sur. or def_.sur.$86,030
$1,313,275
$18,000
708.222
def$530,036 sur$196,265 sur$410,642
BALANCE SHEET DEC. 31.
Assets—
Investment
Plate glass,
1908.
1906.r*
1909.
1907.
$18,887,139 $17,057,972 $16,298,913 $14,809,515
2,939,439
1,507,003
5,590,363
Ac
Materials, &c., accounts
Cash, bills A accts. rec’le
2,923,255
1,766,103
4,650,531
3,003,337
1,488,672
5,447,233
3,069,433
1,562,559
5,062,886
Total
$28,923,944 $26,397,861 $26,238,155 $24,504,393
Liabilities$17,350,000 $17,350,000 $17,350,000 $16,735,300
Common stock
150,000
150,000
150,000
150,000
Preferred stock
2,110,009
3,009,388
3,646,793
6,132,842
Bills and accts. payable.
204,624
226,241
275,829
225,932
Insurance reserve
37,000
41,750
39,000
45,650
Sinking fund—buildings
5,019,520
Surplus
Total
—V. 90, p.
4,933,489
5,463.526
5,267,260
$28,923,944 $26,397,861 $26,238,155 $24,504,393
451.
GENERAL INVESTMENT NEWS,
23,664
93,361
262,095
6,992,472 6,758,707
Total
♦
1,459,051
10,652
Open accounts
Due by subsid. cos..
1489
THE CHRONICLE
1910.J
RAILROADS, INCLUDING ELECTRIC ROADS.
Atchison Topeka & Santa Fe Ry.—Favorable Decision.—
The United States Supreme Court on May 31 affirmed the
decision of the lower Court holding unconstitutional the
Missouri statute of March 13 1907, prohibiting foreign
corporations from doing business in the State if they seek
the removal of cases from the State to the Federal courts.
—V. 90, p. 1043, 913.
$15,054 $19,113
Gross prof.on sales,&c.$233,434 $260,663 Depreciation
60,000
Operating expenses... 182,869 213,319 Divs. on pref. stk.(3%)
Atlanta Birmingham & Atlantic RR.—Notice to NonTotal deductions... $58,872 $126,447
Net earnings
$50,565 $47,344
Assenting Joint Note Holders.—The Trust Co. of America, as
Balance, deficit
$8,307 $79,103
Deduct—
trustee, gives notice to the holders of the first collateral trust
Interest paid
$43,818 $47,333
For the first two months of 1910 (Jan. 1 to Feb. 28) the gross profits on,sales
5% 4-year joint gold notes of the Atlantic & Birmingham
and contracts were $76,549; oDerating disbursements, including interest charges,
Construction Co. and Atlanta Birmingham & Atlantic RR.,
Ac., aggregated $38,025; leaving net earnings of $38,524.
due May 1 1910, that those who have not assented to the
BALANCE SHEET DEC. 31.
settlement arranged by the noteholders’ protective committee
1908.
1909.
1908.
1909.
$
$
Liabilities—
$
Assets—
$
(V. 90, p. 1237, 1295) should present the same to the trust
60,541 Preferred stock.. ...2,000,000 2,000,000
54,267
Cash
company for payment.
Interest on the notes ceased on
262,115 Common stock.. ...3,000,000 3,000,000
Bills A acc’ts rec’le.. 325,315
85.550 Pneumatic Signal Co.
85,550
Cent. Tel. C. bonds.
May
20.—V.
90,
p. 1295, 1237.
108,000
88,000
bonds
Material in stock, in
Buffalo & Susquehanna RR.—New Member of Protective
902,236 General Ry. Signal
893,595
process, Ac
515,000
bonds
529,000
Co.
635,731
Mash’y, tools A flxt’s 655,794
Committee.—Edward B. Smith has been chosen a member
Bills and accounts
Factory bldgs., land
of the first refunding 4% gold mortgage bondholders’ pro¬
352,169
526,195
717,828
and Improvements 729,349
payable
Accrued Interest on
Patents,
including
tective committee, succeeding Asa S. Wing, who resigned.
17,610
bonds
1,760
Young System ...3,332,089 3,269,350
—Y. 90, p. 1361, 1238.
2,218
7,981 Surplus reserve..
Miscellaneous
11,860
Bond disc, and tax,
Canadian Northern Ry.—Offering of Guaranteed Securities.
53,664
51,047
being charged off.
—See
Duluth Winnipeg & Pacific Ky. below.
Profit and loss
6,088
Sale of Consolidated Debenture Stock.—The item of $5,..6,144,955 5,994,997|3
Total
6.144.955 5,994,997 Total
000,000 Canadian Northern “debentures,” which was referred
—V. 88. D. 1000.
to in last week’s issue as having been recently sold abroad,
Detroit Mackinac & Marquette RR. Land Grant Bonds. consists, we learn, of £1,000,000 of Canadian Northern Ry.
4% perpetual consolidated debenture stock, making the total
{Statement of Trustees Jan. 1 1909 to Jan. 1 1910.)
of such stock issued to date £6,792,750.—V. 90, p. 1424, 1295.
RECEIPTS AND DISBURSEMENTS.
1908.
Central New England Ry.—Negotiations.—Joseph Moore
Offsets—
1909.
Receipts—
1909.
1908.
Credit Jan. 1
$21,031 $19,044
$10,199
$860 Paid—Land dept
Jr.
of Philadelphia, representing the minority stockholders,
13,900
On contracted; deeds 24,125
5,503 Interest on bonds._ 13,900
13,362
has opened correspondence with President Mellen, of N. Y.
21,862
On timber sales
12,225
4,330 Tax account
10
Int. on contracts—
2,215
1,548 Tax title
New Haven & Hartford RR. Co. for the sale of the stock.
10,199
1,239
Other interest
3,479
7,011 Cash In bank Jan. 1.
INCOME ACCOUNT.
1909.
Deduct—
1908
1909
1908.
...
...
...
Land leases
Applications pending
adjustment
Mining leases
2
1
60
5,728
3,443
Bills receivable—
Certificates paid
President Mellen writes that the New Haven road will be glad to buy the
stock, but that he “should not be willing, as at present advised, to pay
anything like the price you name In your letter” ($50 for the preferred and
$25 for the common), but that he Is willing to discuss the matter.
Pending an interview with Mr. Mellen, Mr. Moore states It is Important
that stockholders who have not already done so should communicate
33,819
$58,033 $56,515
Total
$58,033 $56,515
ACREAGE SOLD FEB. 1879 TO JAN. 1 1910 AND ON HAND.
Number of acres in original grant, after deducting 20,017 acres
to construction company.
..1,307,129
Total
Deduct—
Number of acres deeded (consideration $1,914,005)*
Number of acres under contract (consideration $21,598)
Number of acres applied for, part paid
1,123,093
3,279
40
Total deductions
Number of acres on hand.
1,126,412
180,717
•
Mineral
—V. 89, p.
rights are reserved on 96,284 acres sold in Marquette Counts
918.
Pittsburgh (Pa.) Plate Glass Company.
{Report for Fiscal Year ending Dec. 31 1909.)
Chairman John Pitcairn, Pittsburgh, Pa., Feb. 1 1910,
wrote in substance:
Operations.—Considering the character of the business and the heavy
expenditures that must be made from year to year to keep our factories
modern, the profits for the past year are hardly adequate, although they
may be regarded as satisfactory, in view of trade conditions that prevailed
during the period. -For the first half’of the year the prices of plate glas
were the lowest In the history of the industry.
Towards the end of the year,
as general business resumed normal proportions, the prices of our product
ncreased, and we look for a continuance of these improved conditions.
Notwithstanding the lqw prices of our products, the volume of our business
increased from $16,925,800 in 1908 tq$19,769.847 for last year, an Increase
promptly with him, at the National Bank of the Northern Liberties, Phila¬
delphia, stating how many shares they have and whether they are willing
to sell at the prices above named —Compare V. 90, p. 1362, 1295.
Chicago Milwaukee & St. Paul Ry.—Successful Offering in
France.—The $50,000,000 (250,000,000
debentures sold, as stated last week (p.
francs) 4% 15-year
1424), to a French
syndicate by Kuhn, Loeb & Co., have been entirely resold to
small investors and minor institutions in various parts of
France, the number of individual investors being about
250,000 and the average allotment not in excess of 1,000
francs, or $200.—V. 90, p. 1424.
Chicago & North Western Ry.—Bonds Authorized for Fu¬
ture Sale.—The Nebraska Railroad Commissioners have au¬
thorized the company to issue $13,522,000 general mort¬
gage bonds to refund outstanding bonds and for improve¬
ments.
The bonds have also been authorized by the Wis¬
consin and Michigan State authorities.
None of the bonds
has yet been sold, and the formal approval at this time is ob¬
tained merely to provide for the sale of the bonds when de¬
sired.—V. 90, p. 697, 559.
Chicago Railways Co.—Court Demands Speedy Settlement.
—Judge Grosscup, in the United States: District Court at
Chicago, who, through the appointment of receivers has
control of both the
Chicago
Railways Co. and Chicago Con-
1490
THE CHRONICLE
solidated Traction, on May
31('ntimated that unless the
opposing interests agreed on a basis of settlement by June 20
amount
he would take under consideration the
question as to
whether the Court owed any further
protection to that
(recalcitrant)
interest.”
Judge Grosscup
says
not
bonds and for
to
IVOL.
LXXXX
exceeding $5,000,000, to refund outstanding
improvements, and also on modifying the lease
the New York Central
& Hudson River RR.
so
to
as
provide that in addition to the payment of an annual divi¬
dend of 1)^% on the stock, as
provided in the contract,
there shall be paid as rental, interest on
the new bonds.
Compare Y. 90, p. 848.
East Liverpool (O.) Traction &
Light Co.—New President.
—Edward McDonnell,
recently Treasurer and Secretary,
has been elected President (also
Treasurer) of this company
and likewise of the Steubenville & East
Liverpool Railway
& Light Co. and the Ohio River
Passenger Railway
in part:
And If, on June 20, It Is seen that no agreement can be
reached, or only
a partial agreement,
leaving specific matters still open, let the latter go
at once (following the Union Traction
reorganization) to an umpire, to
be named by the parties, or some one for them, to be taken
up at once
by such umpire and disposed of.
In other words, let there be Immediate
and effective action.
If the recalcitrant was one or more of the
several Interests making up the Consolidated Co., I would think over
very
carefully If the Court ought to stand longer between that Interest and the
consequences that would follow Its abandonment; or If the recalcitrant
were some of the bondholders who have
recently obtained judgment, If It
were not my duty to put them at once to their election either
to stand on
their judgment or on their opportunity to
participate in the reorganization
—one of these only, not both.
See “Chicago Record-Herald” of June 1.—
V. 90, p. 1424, 1362.
...
Co.,
Ely, resigned. George Faulk of
East Liverpool has been made
Secretary and also a director
of the
to
succeed
Van
Horn
companies.—V. 82, p. 804.
r
Light & Traction Go., New York.—New Enterprise
Underwritten.—The underwriting of this new
company has,
we are informed, been
fully subscribed and 25% of each
allotment was payable May 20 1910.
The enterprise repre¬
sents the amalgamation by
a syndicate composed of Harrison
Williams, Sanderson & Porter, Jas. B. Colgate & Co. and
Copper River & Northwestern RR.—Train Service Begun. certain
officials of the National City
—Train service between Cordova,
Bank, of eleven gas,
Alaska, and Mile 104 electric lighting and traction
properties located in rapidly
was started on June 1, three months ahead of schedule time.
growing cities of the West.
New Officer.—The following announcement is made:
The company was
recently incorporated under the laws
Joseph H. Young,' formerly General Superintendent of the Southern
of New York State and it has issued
Pacific, has been elected President of the Northwestern Commercial Co.
$2,500,000 6% pref.
and President and General Manager of the Alaska
stock (cumulative from July 1
Steamship Co., and will,
1910) and $4,500,000 common
It Is stated, be formally elected Vice-President and chief
operating officer
stock, in shares of $100 each, the auth. issue in each case
of the Copper River & Northwestern Ry. In November next. In the mean¬
time exercising the duties of such position, with
headquarters In Seattle.
being
limited to $5,500,000. There are no new bonds and
—V. 89. p 1482.
arrangements have been made for the acquisition of all
Detroit Toledo & Ironton Ry.—December
Coupon.—The underlying bonds, except a small issue of outstanding bonds
coupon due December 1909 on the general lien bonds is on the Grays Harbor
(Wash.) property. The
being cashed by the Knickerbocker Trust Co. on behalf of it is stated, seems assured from the start, for pref. dividend,
earnings during
the consolidated mortgage interests.
A committee repre¬ the last few months have been double dividend
requirements.
senting the latter is being formed to take up actively the
Eleven Companies in which a
Controlling Interest has been Acquired.
reorganization of the company and to formulate a plan in Grays Harbor Railway & Light Co., Albuquerque (N. M.) Gas, Electric
Chicago Southern Ry.—Foreclosure Sale.—Judge Kohlsaat
Federal
in the Federal Court at Chicago on June 2 ordered the fore¬
closure sale of the road under the first mtge.,
Girard Trust Co.
of Philadelphia, trustee.
(V. 88, p. 504.) The sale will
take place at Chicago Heights some time next month.—
V, 88, p. 563.
connection with the foreclosure sale under the consolidated
A large tonnage of coal, it is stated, will be
reorganized company.—V. 90, p. 626, 559.
Dominion Atlantic Ry.—Offer for Stock.—As
already an¬
nounced, the control of this company has been acquired by
interests friendly to the Canadian Pacific
Ry. Co. A cir¬
cular issued by the Bank of Montreal offered, “on behalf of
a responsible group,” £60 for each £100
(nominal) of prefer¬
ence stock, and £20 for each £100
(nominal) of ordinary
stock on condition that acceptances be filed with the
Dominion Atlantic Ry. Co. in London by
May 26, the offer
being subject to withdrawal if not accepted by at least twomortgage.
assured the
thirds of
the aggregate amount of the two
Compare V. 90, p. 1424, 136.
together.
stocks
taken
The “Montreal Gazette” of June 1 states that the same interests
have
purchased at 85 the $1,200,000 debenture Issue covering the Midland
division (Windsor to Truro).
Compare V. 90, p. 1424.
Duluth
Winnipeg & Pacific Ry.—Offering of Securities
by Canadian Northern Ry.—Lazard Bros. & Co.,
London, offered for subscription from May 21 to May 25 at
£92 10s. per cent (par £100) £950,000
4% first mortgage
debenture stock, part of a total issue of
$10,500,000 of similar
stock or bonds, having principal and interest
unconditionally
guaranteed by the Canadian Northern Ry. Co. Principal
re-payable at par in London in sterling or at Toronto at
Guaranteed
$4 86 2-3 to £
or
Toronto.
on June 1 1939.
Interest J. & D. in London
An advertisement says in substance:
This debenture stock will be secured by a first
mortgage to the National
Trust Co. of Toronto and the British Empire Trust
Co., as trustees, upon
(a) the railway to be constructed from Virginia to Duluth (about 73
miles),
and (&) terminal accommodation In Duluth (about 40
acres); the trust
deed also provides that, on payment of the$2,000,000 bonds of the
Duluth
&
Rainy Lake
Winnipeg Ry. In 1916, the property of that company shall
be transferred to this company, so that this stock will become a
first charge
upon the whole of about 173 miles of railway and equipment between the
International boundary and Duluth.
In the meantime the entire
capital
stock of Duluth Rainy Lake
Winnipeg Ry.wlll be vested In the trustees.
The present Issue Is made for the purpose of
enabling the company to
construct and equip a line from Virginia to Duluth, thus
giving the Canadian
Northern system a second and shorter access to the Great
Lakes; also to
provide adequate terminal accommodation in Duluth. The section between
the International Boundary (two miles south of Fort Frances) and
about 100 miles in length, has already been built, and Is ownedVirginia,
by the
Duluth Rainy Lake & Winnipeg Ry. Co., and Its net
earnings
already
largely exceed the interest on Its $2,000,000 5% bonds.
It Is expected that the new line will be completed and
ready for traffic in
the spring of 1911.
The rapid development of the Canadian West has
resulted In a heavy and constantly growing traffic between
Winnipeg and
the Western and Middle States of the U. S. A.
As the new line will com¬
to Duluth and the Great Lakes, a
plete the shortest route from Winnipeg
large traffic Is assured from the outset.
Between Virginia and Rainier are the timber limits of the
Virginia &
Rainy Lake Lumber Co., which claims to have the largest virgin forests of
white pine timber In the Northern United States east of the
Rocky Moun¬
tains.
The Lumber Co. has large mills at Virginia and
Duluth, and expects
to cut this year 250,000,000 feet of lumber.
The D. W.
P. Ry. Co. has
a contract to carry all Its logs
and lumber on the present limits.
In the
vicinity of Virginia are situated the Mesaba Iron ore mines.
The new line
will
secure a share of the iron ore traffic, which In 1909
amounted to over
29,000,000 tons.
The heavy traffic expected will necessitate a
high
standard of construction and a large equipment of Iron-ore
trucks and
heavy engines.
The total Issue of $10,500,000 first mortgage debenture
stock has been
created for the following purposes: (a) $4,623,333
represented by £950,000
now offered;
(b) $2,000,000 reserved to retire at maturity Jan. 1 1916 the
bonds of the Duluth Rainy Lake & Winnipeg
Ry.; (c) $1,525,000 now
being issued to retire existing securities of the company (V. 90, p. 1424);
(d) the balance, $2,351,667, to be available for further extensions, etc.
It Is estimated that as the result of Its first full
year’s operations the net
earnings of the new line should amount to $487,200, whilst the Interest on
the $6,148,333 stock now Issued will only amount to
$245,935 per annum.
—V. 90, p. 1424.
Dunkirk
Allegheny Valley & Pittsburgh RR.—New Mort¬
and Lease.—The stockholders will vote July 1 at
Albany, N. Y., and on August 1 at Philadelphia, Pa., on
making a mortgage to the Guaranty Trust Co. of New Yoi*k,
as trustee, to secure an issue of
43^% 50-year bonds to an
gage
Aberdeen, Wash. (V. 86, p. 420.)
Light & Power Co. (V. 84, p. 997.)
Sheridan (Wyo.) Elec. Lt. & P. Co.
Las Vegas (N. M.) Light & Pow. Co.
Rawlins (Wyo.) Elec. Lt. & Fuel Co. Las
Vegas (N. M.) Transit Co.
Montrose (Colo.) Elec. Lt. & P. Co.
Tucson (Ariz.) Gas, Electric Light &
Hobart (Okla.) Light & Power Co.
Power Co.
Albuquerque (N. M.) Elec. Pow. Co. Tucson (Arlz.) Rapid Transit Co.
Condensed Extracts from Report of Sanderson & Porter, N. Y., Mch. 10 ’10.
(1) The Grays Harbor Co. supplies all the electric
light, power and
traction service In the cities of Aberdeen,
Hoqulam and Cosmopolls, Wash.,
combined population about 35,000.
It is confidently expected that Grays
Harbor, In addition to Its vast lumber interests, will, when
presently served
by the St. Paul, Union Pacific and Spokane Portland & Seattle (Hill
system)
railways, as well as by the existing Northern Pacific, become a
leading
port for the exportation of the agricultural products of the
Northwest.
(2) The Sheridan Co. supplies the city of Sheridan,
Wyo.,
population
over
10,000—a six-fold Increase since 1900; a
distributing centre for an extensive
stock raising, farming and
coal-mining section.
(3) The Rawlins, Montrose
and Hobart companies supply electric
lighting and power of Rawlins, Wyo.,
and Hobart, Okla., and Montrose, Col.,
aggregate population 12,000 to
13,000; Montrose Is located in the valley to be Irrigated by the Gunnison
tunnel project of the United States Reclamation
Service.
The Albuquerque
companies serve a population of about 20,000, or nearly treble the 1900
Census.
The Las Vegas companies supply the electric
light, power and
traction service In Las Vegas, N. M.,
population approximately 8,000;
chief Industries cattle and sheep
raising; adjacent Irrigation development
under active construction.
The Tucson companies serv'e the city
oj
Tucson, Arlz., population about 20,000, or nearly treble the 1900 Census:
the completion during 1910 of the new short line to Mexico will
place
Tucson, now the largest distributing point In Arizona, on the main line
between Mexico and California.
The nine companies serve without com¬
petition a combined population In excess of 105,000 In cities that are enter¬
prising, substantial, diversified as to location and Interests, with future
prosperity assured.
Estimate oj Combined
Earnings J or Calendar
Years 1910-11-12.
1910.
1911.
1912.‘
Gross earnings
$776,000 $866,100 $966,600
Net (after oper. exp., malnt., depr’n & taxes).
271,600
320,500
377,000
[Marwick, Mitchell & Co. report for 1909 approximate gross earnings of
$697,157, against $653,062 In 1908“net, after allowing for depreciation and
taxes, $231,865, against
The
$210,275.
underwriting of $2,500,000
pref. stock and $2,000,000 com. stock, lt Is understood, Is on the basis of
$1,000 pref. and $800 common for $1,000 cash.—Ed.]
Grays Harbor (Wash.) Ry. & Light Co.—Holding Com¬
pany.—See Federal Light & Traction Co. above.—V.90,p.914.
Great Northern Ry.—No Securities Sold Abroad.—James
J. Hill denied yesterday a
report that negotiations were
under way for the sale abroad of
$80,000,000 in new securities
of the Great Northern and the Northern Pacific railroads“We are not even considering
idea
the
of selling new issues
abroad,” he said.—“New York Sun”.—V. 90, p. 697, 559.
Havana Electric
Gross
Earns.
Ry.—Report.—For
Net
Net
calendar year:
Fixed
Pref. Div. Common
RR.Earns. StageL. Ch'ges.
(6%).
Divs.
Year,
$
$
$
$
$
$
1909.„_2,106,761 1,151,524 86,074 443,984 300,000 (3)223,911
1908
1,937,797
966,072 64,311 454,781 299,998
(1)74,637
Cal.
Balance
*
To the above surplus In 1909, $269,703 were added
various Items aggre¬
gating $22,717 (Including $21,492 collected on suspense account, less legal
expenses), making total surplus for year ending Dec. 31 1909
$292,420.
The gross earnings, Including stage
lines, aggregated $2,488,647 In 1909,
against $2,276,807 in 1908.—V. 90, p. 1044.
Date of Annual Meeting
Changed.—The stockholders at
the adjourned annual meeting on
May 31 ratified the resolu¬
tion of the directors, passed
April 30 1909, changing the date
of the annual meeting from the last
Tuesday in February
to the last Tuesday in
May in each
year.
Removal of Office.—The
company’s New York office has
been removed to 55 Liberty St.—V.
90,
p.
1044.
Holmesburg Tacony & Frankford (Electric) Ry.—Fore¬
closure
Sale.—The road was sold for $375,000 at foreclosure
Junel to George B. Atlee & Co. of
Philadelphia, repre¬
senting a syndicate, who outbid the Haehnlen bondholders’
sale
on
committee, the only other bidder.
The firm in a statement issued
says:
The
•
Surplus
$
*269,703
200,967
property was purchased by a syndicate composed of Jacob S. DIsston, President of the Tacony Trust Co.;
Meyer Schamberg, President of the
West Chester Street Ry.;^ William L. Allen and
George B. Atlee & Co
George B. Atlee & Co. are syndicate managers.
Arrangements had been
made with the Disston committee whereby, if the syndicate was the suc¬
cessful bidder, they were to receive bond for bond and 25% of stock In a
the same property and
reserved for extension and betterments and $500,000 stock.
Holders of bonds not deposited with our committee will probably be allowed
to participate in the reorganization.
This year the company should earn about $120,000 gross, and with the
new
corporation having $400,000 bonds issued on
$100,000
expenditure of about $70,000
decreased expenses which will follow the
the net earnings should approximate between $40,000 and $50,000, or
sufficient to pay Interest on the proposed bonds and leave between 3 to 5%
for the new stock.
Holders of free bonds and bonds not deposited with the Disston com¬
mittee will probably receive about 85 cents on the dollar after receivers’
and committees’ charges are deducted.
A member of the Haehnlen committee claims that holders of bonds de¬
cash should receive between
posited with that committee who elect to take
90 and 93.—V. 90, p. 976, 303.
Interborough-Metropolitan Co.—Notes Again Extended.—
The company has arranged to extend until July 1 1911
same rate
of interest its $2,549,400 6% collateral
notes due June 1 1910.—V. 90, p. 234.
Massachusetts Electric
at the
trust
Companies.—Offering of Preferred
of Constituent Roads.—Curtis & Sanger, Estabrook &
Co., Parkinson & Burr and H. C. Wainwright & Co., all of
Boston, are offering at 123 34 and accrued dividends, yielding
4.85%, the unsold portion of $403,400 Old Colony Street Ry.
Co. and $587,600 Boston & Northern Street Ry. Co. 6%
Stock
cumulative
preferred stock, tax-exempt in Massachusetts.
Outstanding Stock of Principal Constituent Cos. of
Pref. stock (dlvs. F. & A.) callable at 120
Common stock (dlv. x-ate now 5% per annum)
Mass. Electric Companies.
Old Colony
B. & N.
$776,700
7,712,200
$1,311,900
11,043,200
Regular dividends have been paid on the common stock by the Old
Colony since 1902 and by the Boston & Northern since 1899.
The gross
and net earnings of both companies are showing substantial inci*eases.—
V. 90, p. 1425.
Metropolitan Street Ry., New York.—Foreclosure Sale
July 1 under Two Mortgages.—Judge Lacombe has set the
foreclosure sale under the general collateral trust and re¬
funding mortgages for July 1 at 12 m. and 2 p. m. respec¬
tively. At the time formerly appointed for the sale under
the general collateral trust mortgage alone, May 12, no
bids
were
received.
This will enable
1491
THE CHRONICLE
June 4 1910. |
prospective purchasers to bid for the whole system at
practically the same time, and to operate it
without purchasing anything
else except, possibly, the stock of the Bridge Operating Co., which is not
covered by either mortgage.
This the receivers own, having purchased
the same at a forced sale, and the purchaser, at the foreclosure sale of the
from them “at a reasonable price.”
The Court says: “A suggestion was made on settlement of the decree
that parties interested might decline to bid at the first mortgage sale with
the expectation of buying It at the second mortgage sale, subject, of course,
to the lien of the first mortgage
It is not expected that any such thing
will happen nor could any such device be availed of to take over the property
without paying the $10,000,000 which the Court of Appeals required.
The
power reserved to the Court to reject any bid would effectually prevent
road, can, If he wishes, buy it
“Western Trunk Line Committee,” preventing the enforce¬
ment of the increased freight rates covered by the tariffs
filed by the Western Trunk Line Committee with the InterState Commerce Commission on April 26 and 27 last.
The
June 1, cover about
of the class rates being in¬
creased.
The suit has been transferred to the Eighth Dis¬
trict at St. Paul, Minn., Judge Sanborn presiding.
rates, which were to become effective
140 to
150
commodities,
none
The Government claims the united action of the roads constitutes a vio¬
lation of the Sherman Anti-Trust Law, such action being In restraint of
trade and free competition between the roads, and also that the rates are
unreasonable.
Compare editorial remarks on a preceding page.
Favorable Missouri Rate Decision Reversed
—See editorial on a previous page.
by Supreme Court.
Increases.—The following increases, &c.,
have been made:
The Chicago & Ohio River committee, representing 24 roads operating
west ol Buffalo, Pittsburgh and Wheeling, north of the Ohio River and east
of the Mississippi River, have given notice to the Inter-State Commerce
Commission of Increases stated to range from 3 to 20%.
Practically all of the roads entering
New York City—that Is, most of the
Commission this week of Increases
1 to July 5, averaging, it said,
Eastern roads—have given notice to the
In their tariffs taking effect from July
about 5%.
Twenty-two roads comprising the Central Freight Association, between
Cincinnati, Louisville and Chicago, on June 2 filed with the Commission
new tariffs which will Increase charges irom 6
to 31%. These operating
increases are to go into effect July 1.
None of the South or Southwestern roads had given notice to the. Com¬
mission up to yesterday noon of advances In rates.
Altogether, it is
stated, about 2,000 separate schedules had been filed up to Thursday night
of changes in rates.
The New York Central, Central RR. of New Jersey and Delaware Lacka¬
wanna & Western have given notice of Increases incommutation rates, to
go into effect July 1.
The New York Public Service Commission, Second District, having
decided that the new commutation rates of the N. Y. N. H. <fe Hartford
could not legally go into effect on June 1 because of the failure of the
company to file new tariffs In some stations 30 days before June 1, the
State. Com¬
company has postponed the proposed to July 1 increases in this
muters in Connecticut will, however, have to pay the increased
June 4.—V. 90. p. 1428, 928.
rates after
St. Louis Southwestern Ry.—Equipment Trust Bonds
Offered.—John H. Watkins. 2 Wall Street, is offering, by
advertisement on another page, the $460,000 equipment
trust 5% notes described in V. 90, p. 1364.
The company is paying its full 5% dividend on $20,000,000 pref. stock,
and in the first seven months of the current fiscal year ending Jan. 31
earned a surplus of over $995,000, or almost sufficient to pay the pref. divi¬
dend for the entire year.—V. 90, p. 1364, 1045.
San Pedro Los Angeles .& Salt Lake RR.—Full Operation
Restored.—Announcement is made that the road will be
for through freight service June 5, a portion of the
having been washed away by the floods some months
The “Los Angeles Limited,”
ago, and being now restored.
the through passenger train between Los Angeles and Chicago,
will resume operation on June 12, the time having been
such a result."—V. 90, p. 1425, 1363.
reduced to 68^4 hours.—V. 90, p. 111.
The United States Circuit Court of Appeals has affirmed
Shreveport, (La.) Traction Co.—Bonds Called.—Nine
the order of Judge Lacombe authorizing the receivers to
($9,000)
first mortgage 5% bonds have been drawn and
expend $394,205 on alterations and improvements to car will be redeemed
on June 15 at 105 and interest at the
houses of the leased lines of the system.
Compare V. 89,
Hibernia Bank & Trust Co. of New Orleans.—V. 88, p. 1438.
p. 411.—V. 90, p. 1425, 1363.
Southern Indiana Ry.—Foreclosure Sale.—The Federal
Missouri Kansas & Texas Ry.—New $125,000,000 Mort¬
Court at Indianapolis on May 27 entered a decree of fore¬
gage.—The shareholders will vote July 30 on authorizing closure under the
general mortgage of 1906 (First Trust &
“an increase of the bonded indebtedness of the company by
the creation of mortgage gold bonds, to be limited to a Savings-Bank of Chicago, as trustee), under which $3,212,000
bonds are outstanding.
A similar decree was entered by
principal amount at any one time outstanding of not exceed¬
Judge
Kohlsaat
at
Chicago
on June 2. The sale is to take
ing $125,000,000 in gold coin of the United States; such
place
next
month
at
Terre
Haute,
Ind.
bonds to bear interest from April 1 1910 at such rate or rates
The amount found to be due under the mortgage Is $3,547,115.
The
not exceeding 5% per annum as the board of directors may road is to be sold subject (1) to the first 4% mortgage of 1901 under which
The sale of a block of new there is due $7,537,000, with Interest from Feb. 1 1909; (2) to the unpaid
from time to time determine.”
bonds was recently announced, but, it appears, was not purchase price of equipment due to the Barney & Smith Car Co., amounting
to $349,106;
and (3) to the American Locomotive Co., amounting to
definitely closed; whether since arranged we do not know.— $48,437. The amount of 6% receiver’s certificates due Nov. 1 1910 Is
$382,000.
V. 90, p. 1239, 503.
Sale of Chicago Southern Ry.—See that Company above.—
New York Central & Hudson River RR.—Decision.—
V.
90, p.1364, 699.
Justice Chester in the Supreme Court at Albany on May 31
Southwestern Street Ry.—Sale Again Adjourned.—The
in the cases brought by the company and seven other steam
roads to vacate the assessments of their special franchises foreclosure sale has again been adjourned until June 23.—
made by the State Board of Tax Commissioners, reversing V. 90, p. 1103.
the referee appointed therein, holds that steam roads are
Terre Haute Indianapolis & Eastern Traction Co.—Bonds
subject to the payment of special franchise taxes. Appeals, Offered.—Drexel & Co., Philadelphia; Lee, Higginson &
it is expected, will be taken.—V. 90, p. 1296, 1239.
Co., New York, Boston and Chicago, and Estabrook & Co.,
Northern New Brunswick & Seaboard Ry.—Bonds Offered Boston and New York, having sold over three-fourths of
Bearing Double'Guaranty.—The $253,500 4% gold bonds the amount, are offering at 95 and interest, yielding 5.30%
offered at 9934 and interest by the Royal Securities Corpora¬ income, the remainder of their block of $5,500,000 “first and
tion, Ltd., Montreal, are described substantially as follows:
refunding mortgage” 5% sinking fund gold bonds, dated
Dated Jan. 1 1910; due Jan. 1 1940.
Par $500 each.
Interest J. & JApril 1 1910 and due April 1 1945, but callable as a whole
at Bank of British North America, Montreal, New York or London.' Trus¬
on or after April 1 1915 at 105 and int., or in part for sinking
tee, Montreal Trust Co.
Total authorized Issue, $390,000, at rate of
$15 ,000 per mile, on not exceeding 26 miles of railway.
At present 16.9 fund purposes only at 10234 and int. on or after April 1 1911.
miles of railway have been completed, for which bonds to the amount of
Trustee, Fidelity Trust Co., Philadelphia. Interest A. & O.
$253,500 have been Issued on standard-gauge railway extending from the
Par $1,000 (c*).
Total outstanding (now offered), $5S500,iron mines of the Canada Iron Corporation, Ltd. (V. 88, p. 1131; V. 90
p. 916), near Bathurst, N. B.,to Nlplslqult Junction, on the Intercolonial’
000; reserved for future additions and improvements, under
Guaranties [Endorsed] on Each Bond.
careful restrictions, $2,500,000; total authorized,$8,000,000.
open
road
,
“The Province of New Brunswick guarantees to the lawful holder of this
bond the payment by the Northern New Brunswick & Seaboard Ry Co.
of the principal of said bonds and the Interest accrued thereon as it accrues.”
“The Canada Iron Corporation, Ltd., hereby guarantees to the lawful
holder of this bond the payment by the Northern New Brunswick & Sea¬
board Ry. Co. of the principal of said bond and the interest accrued thereon
as it accrues."—V. 90, p. 1425.
Quebec Oriental Ry.—Purchase.—Application will be
on July 5 to the Railway Commission of Canada, for—
made
A recommendation to the Governor in Council for the sanction of an
agreement of sale entered Into May 19 1910 whereby the Royal Trust Co.
has sold to the Quebec Oriental Ry. Co. the Bale-des-Chaleurs section of the
Atlantic & Lake Superior Ry. Co.
Compare V. 90, p. Ill; V. 88, p. 1622.
Rates.—Injunction Obtained by Government Against 24
Roads and Western Trunk Line Committee.—Attorney-General
Wickersham, at the direction of President Taft, on May 31
obtained from Judge Dyer in the United States District Court
for the Eastern District of Missouri a temporary injunction
against 24 roads operating in the Middle West and the
See advertisement
on
another page.
Abstract of Letter from Pres. Hugh J. McGowan,
Indianapolis, May 23 ’10.
Incorporated March 1 1907 in Indiana and owns or controls by lease or
stock ownership 511.87 miles of electric railway, including all the street
railways and interurban terminals in the cities of Indianapolis, Terre Haute
and Richmond, Ind., and a connected system of interurban lines chiefly
on private rights of way, extending from Indianapolis east and west praotlcally across the State of Indiana, and radiating from Indianapolis and
Terre Haute.
Also does all the electric light and power business in Terre
Haute and vicinity.
(See map page 51 of “Electric Railway Sec."—Ed.)
Mileage of Track, Entire System—Total 511.87 Miles.
City lines—Indianapolis, 132.87 miles; Terre Haute, 26.39 miles;
Richmond, 9.71 miles
168.97
Indianapolis to—(a) Terre Haute, 69.13 m.; (&) Richmond and Newj
castle, 80 m.; (c) LaFayette and Crawfordsvllle, 88.74 m.; (d)
Martinsville, 29.54 m.; (e) Danville, 17.19 m
284.60
Terre Haute to—(a) Paris, 20.42 m.; (6) Clinton, 13.86 m.; (c) Sullls
van, 24.02 m
58.30
The great majority of the franchises of the system extend well beyond
1945;1 in Indianapolis they expire in 1933, but by that date nearly half of
this $8,000,000 auth. issue will have been provided for through the sinking
^
—
1492
THE CHRONICLE
fund, leaving an exceedingly small debt In proportion to the value of the
properties directly owned.
No burdensome conditions.
Provisions Governing the Issue oj “First and Rejunding” Bonds—The
authorized bond Issue Is limited to $8,000,000, of which $5,500,000 are
outstanding; $1,000,000 are reserved for future construction of a new
Bower plant In
Indianapolis,
or near$1,500,000 bonds
on which
this mortgage
will befor
a first
en.
The remaining
are reserved
to be Issued
not
exceeding the actual cost of additions and Improvements to the properties
directly owned and covered by this mortgage, but only when the net
earnings (after liberal deductions for maintenance and depreciation) of the
properties directly owned and subject to this mortgage are, for the twelve
months just preceding 1 Yi times the total interest charges on said
properties.
Including bonds then sought to be Issued, and after five years only when
such net earnings are at least double such Interest charges.
Furthermore,
no part of these $1,500,000 reserved bonds can be Issued unless the net
earnings of the entire system operated or controlled for the 12 months
immediately preceding are at least 1 H times the total Interest and renta
charges of the system. Including Interest on the bonds sought to be lssuedi
Security Jot These Bonds, Embracing Entire System (In Addition to
All AJter-Acquired Proper.t
(1) A direct lien on 161 miles of railway, Including the lines between In¬
dianapolis and Brazil, Indianapolis and Richmond, and Indianapolis
and Danville, and the Richmond city
lines, together with equipment
and power plants therefor, being a first lien on about 101
miles, and a
lien on the remaining 60 miles, subject
only to $506,000 underlying
bonds; $286,000 In cash Is on deposit In trust to retire an equal amount
of these bonds and the remaining $220,000 will be retired
by sinking fund
before 1020.
(2) A first lien on $4,600,000 out of $5,000,000 capital stock of Indianapolis
Traction & Terminal Co., which owns the extensive lnterurban passenger
and freight terminals and leases all street
railways In Indianapolis.
(8) A first lien on the entire outstanding common stock (except directors’
iishares), being a controlling Interest; also 999-year leases of—
$1,008,900 common stock of Terre Haute Traction & Light Co., compris¬
ing all street and lnterurban railways and electric light and
power business In Terre Haute and vicinity.
$2,540,300 common stock of Indianapolis & Northwestern Traction Co.,
comprising the lnterurban lines between Indianapolis and
LaFayette and Crawfordsvllle.
$740,300 capital stock of Indianapolis & Martinsville Rapid Transit
Co., comprising the lnterurban line from Martinsville.
The stockholders of the company have paid $4,080,000 cash toward these
for
which they have received stock alone, while the $4,600,000
acquisitions,
stock of the Indianapolis Traction & Terminal Co.
(value, $2,090,000 at
market price) was acquired solely In exchange for stock; total so contribu¬
ted about $7,070,000 In excess of the proceeds of these bonds.
Sinking Fund Provided to Retire All the $8,000,000 Authorised Bonds,
Cash sinking fund, $55,000 per year for first five years and $106,675
per
year thereafter, to be Invested in these bonds at or below 102 H.
Bonds
acquired to be held alive by trustee and Interest added to sinking fund.
Outstanding Capitalisation Terre Haute Indianapolis A Eastern Traction Co.
(No Floating Debt.)
Capital stock [total authorized Issue Increased to $25,000,000
May 20 1910.—Ed.]:
preferred, $9,100,000;
common,
$9,100,000; total stock Issued
$18,200,000
First and refunding 5s (this Issue)
5,500,000
Underlying divisional bonds, less sinking funds ($286,000 cash
is on deposit to retire $286,000 of these bonds,
making the
net underlying debt only $220,000)—'
506,000
Earnings Entire System—Years ending March 31.
(Company Began Business April 1 1007.)
1909-10.
1908-09.
1907-08
Gross earnings
_$5,451,175 $5,078,685 $4,875,329
Operating expenses and taxes
3,019,553
2,803,679
2,733,419
Net earnings
.$2,431,622
$2,431,622
Rentals & other deducs., sub. cos
1,451,728
Sinking funds, subsidiary companies._
122,463
Int. & sink. fd. on dlvls. bds. of this Co.
27,500
$2,275,005
1,409,672
118,805
27,500
$2,141,010
1,339,597
121,541
27,450
Balance
.$829,931
$829,931
Interest on $5,500,000 bonds (present
$719,028
$653,322
275,000
275,000
275,000
.
—
Issue) will require
!
Balance
$554,931
$444,028
$378,322
The $5,500,000 of bonds sold to you were Issued to retire
previously
existing debt and will therefore cause no Increase In the fixed charges of
the system, so that In the last twelve months the properties earned
$554,931
in excess of all present charges for Interest and
rentals. Including the
$275,000 charges on the $5,500,000 bonds now sold to you.
Condensed Extracts from
Independent Report by
Stone & Webster.
The greater part of the lnterurban lines are on private
rights of way;
construction similar to that of steam railroads;
hourly service with cars
of finest type, speed approximating that of steam railroads.
Serve
thriving
manufacturing, farming and coal-mlnlng regions. Including growing cities of
Indianapolis (population 225,000, an Increase of 79.26% since 1895), Terre
Haute (population 65,000), LaFayette (population
25,000), Richmond
(population 20,000), Paris, Ill. (population 12,000), Brazil (population
10,000), and Frankfort (population 10,000). Total population
served,
about 500,000.
The Indianapolis Traction & Terminal Co. owns In the
heart of Indianapolis the finest lnterurban terminal station In the
United
States; In 1909 the 12 lnterurban lines which enter the city paid the com¬
pany for trackage and terminals $329,350. The relations with the public
are friendly.
In our opinion, the system Is one of the best In the country
as
regards track, equipment and terminals.—V. 90, p. 1364, 1240.
Texas Central RR.—Option Exercised.—R. H. Baker has
exercised the option to purchase the majority
the
[VOL.
LXXXX
Douglas H. Gordon, R. Lancaster Williams, James L. SellWilliam Ingle Jr., H. F. Meserve, together said to
man,
represent 10% of the common stock, 70% of the
preferred
stock and 65% of the second
mortgage bonds, thereupon
resigned, as they had “only consented to serve upon the
assumption that they would for a period of five years be
permitted to manage the company.”—V. 90,
p. 1241.
Albuquerque (N. M.) Gas, Electric Light & Power Co.—
See Federal Light & Traction Co. under
“Railroads” above.
—V. 84, p. 997.
American Brake Shoe &
Foundry Co.—On Regular 7%
Basis.—A quarterly dividend of
\%% has been declared on
the common stock
($3,600,000 now out), payable June 30
to holders of record June
16, along with the usual quarterly
distribution of l%% on the preferred stock. In March
last
1
%% and y2 of 1% extra were paid and in 1909 the \\i%
quarterly rate was paid on the common shares, but no extra.
1903.
2
1904.
1
Previous Dividend of Common Stock (Per
Cent).
1905.
1006.
1907.
1908.
1909.
4
4
4 & 1 ext.
4
5
1910.
1H & M ext.
Application to List.—The company has applied to the New
Exchange to list the $4,000,000 preferred and
$3,600,000 common stock.—V. 90, p. 1240, 561.
American Oil Fields Co., Los Angeles.—New
Company.—
This company, incorporated at
Fresno, Cal., on Jan. 81910,
with $25,000,000 capital stock, of which
$700,000 had then
been subscribed, has
recently filed a mortgage, dated Feb. 1
1910, to the Southern Trust Co. of Los Angeles, as trustee,
to secure an issue of not over
$10,000,000 20-year 6% gold
bonds; present issue, $1,500,000.
York Stock
Bonds dated Feb. 1 1910 and due Feb. 1
1930, but callable In any amount
after Feb. 1 1916 at 105 and int.
Annual sink, fund beginning in
1912, an amount equal to 4% of outstanding bonds.
Par, $1,000, $100.
Int. F. & A. at office of trustee.
The mortgage covers properties In Kern
and Fresno, counties,
embracing 16,800 acres of oil land largely or wholly
In the Coallnga District,.
The directors are E. L. Doheny
(President), C.
A. Canfield, J. C. Anderson, T. A.
O’Donnell, J. M. Danzlger, Norman
Bridge and L. A. McCray, all of Los Angeles.
The “Los Angeles Times” of
May 13 1910 said: “The American Oilfields
Co. only started operations last
January and now has a production of 5,000
barrels of oil a day, and this production will be
doubled In a very short time.
This company brought In a well on section
36-31-22, Midway, last Tuesday
from which 4,000 barrels of oil was tanked In 12
hours.
It
producing wells and will bring In nine more within three already has six
weeks, as seven
strings of tools are working.
Compare report of Union Oil Co. on a pre¬
on and
ceding page.
American Snuff Co.—Extra Dividend.—An extra dividend
2%, in addition to the regular quarterly disbursement of
5%, has been declared on the $11,001,700 common
stock,
both payable July 1 to holders of record June 15.
The regu¬
lar 20% annual rate
(5% quarterly) has been maintained
since April 1909.—V. 90, p. 693, 629.
American Steel
Foundries.—Earnings.—For the 3 and 9
of
months
ending April 30:
Three
Net
Months—
Other
Total Net
Income.
Earnings.
.$536,510
$11,200
238,282
4,516
$547,710
242,798
1909-10
$1,239,304
1908-09
433,686
—V. 90, p. 1172, 629.
$32,312
$1,271,616
1910
1909
Nine Mos.—
Income.
50,945
’
484,631
Charges &
Deprec.
$229,874
153,998
Balance,
Surplus.
$317,836
$637 736
464,704
$633,880
19,927
88,800
American Union Telephone Co.—Receivers
Appointed.—
Following the application made last week by stockholders
of the Continental
Telephone & Telegraph Co. for a receiver¬
ship for that company, which had contracted to purchase
the American Union
Telephone Co., Judge Rellstab in the
U. S. Circuit Court at Trenton on
May 31 placed the Ameri¬
can
company in the hands of Charles West of
and Frank D. Houck of
.
Harrisburg, Pa.,
Philadelphia
receivers, on
application made by the Dean Electric Co. of Elyria,
O.,
which charges that, owing to
manipulation by the Conti¬
nental company, the American is unable to
meet certain
obligations assumed by it on account of its
subsidiary
companies. See Consolidated Telephone Companies of
Pennsylvania below.—V. 90, p. 111.
Booth Fisheries Co.,
Chicago.—Report.—The report for
the period of forty-nine weeks
ending April 30 1910 shows:
Profits
as
of
$1,324,500 preferred and $2,675,000 common stock. The pur¬
chase price is reported to be about par for each class of
stock,
and the holders of the remaining stock, it is
understood,
will
be allowed to sell their holdings at the same
price. Tho
from operations, $535,014; less reserves
for depreciation on fixed
purchase will be consummated next week. Compare V. 90,
on
Eropertles,
$197,661,
and Interest
debentures,
cold-storage bonds and
orrowed money,
p,1426.
$79,803;
leaving a surplus for the
period of $257,550
available for dividends and retirement of
bonds.—V.
90, p. 701, 106.
Virginia Railway & Power Co.—First Dividend.—The
California-Arizona Pipe Line Co.—New
company has declared a first dividend, l}4%, on its $4,700,Enterprise.—This
referred to in connection with the report of the
company,
000 preferred stock, payable to stockholders of record
July
1.
Union
Oil
Co.
on
a
—V. 89, p. 529.
preceding page, was incorporated in Cali¬
fornia in March last with $25,000,000
of authorized capital
Western Ohio (Electric) Ry.—Bond Pool.—“Cleveland stock to
lay a pipe line for the transportation of California
Finance” of May 28 said:
oil to Arizona, which it is
expected will consume some millions
We are Informed that the deposits of bonds under the
pooling agreement
of
barrels in its mining camps, to
arranged for last week Is going forward at a very satisfactory rate.
say nothing of the full re¬
Over
$1,200,000 bonds have already been deposited. The committee desires to
quirements of the railroads. The Union Oil Co
secure the deposit of at least $1,500,000 and there Is but
.-Doheny
little doubt that
interests are back of the
this number will soon be deposited.
enterprise, the incorporators being:
It Is understood that there Is every
likelihood that the option of 89 will be
E. L. Doheny, President of the
accepted and that the bonds will bo
•old shortly lifter they are all pooled.
The agreement provides that the
depositors shall be under no expense and shall receive the Interest
upon
their bonds the same as they do now.
If the bonds are sold to Hayclen,
Miller & Co. at 89, the holders will receive 89.
If the option of Hayden,
Miller & Co. Is not
exercised, the committee may sell the bonds to some
a less price than 89 net.
The receipts covering the
deposits of bonds were listed upon the Cleveland Stock Exchange
Monday.
Compare V. 90, p. 1426.
one
else, but not at
INDUSTRIAL! GAS AND MISCELLANEOUS.
Alabama Consolidated Coal & Iron Co.—Mr.
Hoadley Sells
Out to Scranton Syndicate—Baltimore Directors
Resign
President Hoadley announced o$ May 27 that he had
agreed
to sell “the majority” of his stock to a
syndicate of Scrant&h,
Pa., coal men, who,it is understood, now hold control of 4ne
company. The Baltimore directors, J. WilliamJMiddendhtf,
i
American Petroleum Co., the American
Oilfields Co. and other large oil properties; C. A.
closely associated
Doheny; L. P. St. Clair, President of Canfield,
Transportation
Co.; W. L. Stewart, Vice-Pres. of Union Oil Co.; Producers’
Dr.
O’Donnell, J. S. Torrance, S. W. Morshead, W. L. Norman Bridge, T A
Andrews, J M Danzlger and Charles Wellborn.
with Mr.
California Oil
Record.—Output.—In connection with
the following is pertinent:
oil reports on another
page,
the
California Oil Production in Barrels (000
omitted).
1873.
1880.
1890.
1900.
3
42
307
1905.
4,330
1906.
35,671
1907.
36,474
1908.
38.265
1909.
45.546
56,982
Calumet & Hecla Mining
Go.—Dividend Reduced.—The
directors have declared a
quarterly dividend 6f $7 per share
(28%) on the $2,500,000 stock, payable June 28 to holders
of record June 4,
comparing with $8 (32%) paid since Septem¬
ber last and $5 (20%) and $6t*(24%) respectively paid
m the
first two quarters of
1909, aV;
June 4 1910. |
Dividend Record Prior to 1009—Stock Note $2,500,000 in $25 Shares
Year
‘08. ‘09.‘00. *01. ’02. *05. ’04. *05. ’00. *07. ‘08. ‘09.!
Per cent
200 400 280 180 100 140 160 200 280 260 80 108
Compare V. 90, p. 595.—V. 90, p. 978.
..
Carborundum Co., Niagara Falls, N. 7.—New Stock.—
The stockholders of the Pennsylvania corporation will meet
in Pittsburgh on June 8 to vote on increasing the capital
stock from $600,000 to $2,000,000 to cover expenditures
for enlargements and improvements, already made to the
plants and equipment at Niagara Fails. F. W. Haskell is
Pres, and R. B. Mellon of Pittsburgh, Vice-Pres.—V. 72,
p. 535, 629.
Cleveland (0.) Steamship Cp.—Merger—New Bonds.—
The increase of capital stock to $3,000,000, recently noted,
was part of the plan for merging the Aetna Steamship Co., as
proposed by Captain John Mitchell of Cleveland, President
and General Manager of the companies, mainly to avoid high
insurance rates.
We have been favored with the following:
The Cleveland SS. Co. owned 7 steel steam freighters and the Aetna com¬
pany 6,
appraised at $1,830,706 and $1,488,639, respectively, or $3,319,345
tor the two fleets.
The capital of the Cleveland company was $1,108,600
and its debts (bonds), $254,432; capital of the Aetna, $1,135,500; debt,
$198,647.
On account of the greater value of their property, the stock¬
holders of the Cleveland company were given 25% stock bonus in the new
company (Cleveland SS. Co.) and Aetna stockholders share tor share.
The
capital of the new company is therefore $2,521,600 and Its indebtedness
$453,079.
The $400,000 5% bonds of the old companies have been taken
like amount of 6% 7-year serial bonds Issued by the new company.
were to carry full Insurance with companies
regularly engaged in selling marine Insurance. Under the new 6% bonds
the company will create an Insurance fund of Its own from earnings.—
V. 90, p. 851.
with
up
a
Under the old bonds the vessels
Cleveland (O.) Worsted Mills Co.—Spindles.—In
week’s item read 50,000 spindles.—V. 90, p. 1427 .
last
Consolidated Gas, Electric Light & Power Co., Baltimore.
—Sale of Notes.—This company has sold, subject to the ap¬
proval of the Maryland Public Service Commission, to E.H.
Rollins & Sons, of Boston and New York' $4,000,000 5%
3-year gold notes secured by the bonds of the company.
The proceeds of these notes will be used to refund $3,584,500
6% oonds of the old Consolidated Gas Co., due July 1, and
for other corporate purposes.
The official statement made
May 31 further
says:
The arrangements contemplate the exchange through the Continental
Trust Co. of $548,000 4 H% bonds Issued tinder the Consolidated Gas Co.
mortgage 1904, for the $548,000 4 H% bonds now in the hands of the
public, which bonds, It was decided, occupied a position In the market
different from that occupied by the bonds for which it is proposed to
exchange.
While all the details in connection with this exchange have
not yet been worked out, it is the desire of the Consolidated Co. to place
the holders of the $548,000 Gas bonds Issued since the consolidation in
precisely the same position as the holders of all other Gas 4H% bonds
issued before the consolidation and outstanding under the Gas mortgage
of 1904.
[The Court of Appeals recently decided that the proceeds of the
4548,000 bonds which were' issued under the mortgage of the former
Consolidated Qas Co. could net properly be used for Improvements by
the present company.
Ed.[—-See V. 90, p. 1173.
Consolidated Telephone Companies of Pennsylvania.—
Receivership.—Judge Trekier at Allentown, Pa., on May 28,
on
application by the Allentown Nat. Bank, appointed
C. M. W. Keck, Vice-Pres. of the bank, and Charles Wertof
Philadelphia, who is Vice-Pres. of the American Union Tele¬
phone Co. (the parent company), as receivers of the Consoli¬
dated Telephone Companies of Pennsylvania. See Ameri¬
can Union Telephone Co. above.—V. 90, p. 505.
Continental Telephone 4k Telegraph Co.—Receivership Case
Adjourned;—The rule to show cause why a receiver should
not be appointed for the company was adjourned until next
Monday.
Receivership for American Union Telephone Co., &c.—See
that company above.—V. 90,
p.
1427.
$enyer (Colo.) Union Water Co.—New Franchise Defeafed-^-Offer to Purchase to be Hade by City.— See “Denver”
in <4State and
City Department.”—V. 90, p. 1298.
Dominion Textile Co., Ltd., Montreal.—Report.—For
ending March 31:
~ 5
?
Fiscal
Total Net
Year—
Income.
Interest
dt Rents.
PJ. Dies. Com. Divs.
(7%).
(5%).
1909^-10
$1,016,407
$598,622
1,004,534
—V. 89. V. 531.
595.690
$130,137
130,069
1908-09
$250,000
260.000
year
Written Balance,
Surplus.
OJJ.
$1,916 $35,732
19,597
9.178
surplus of the past eight years, they are to receive eight shares of the new
tor each share of th6 old stock. This will represent $2,400,000.”
Another
paper descrlbes thls as a stock dividend of about800%.
H. S. Firestone is Pres.; Will Christy, Vloe-Pres.; S. G. Carkuff, See.;
J. M. Robertson, Treas.
Great Western Oere&l Go., Chicago.—Financial Plan.—A
press report states that the directors have recommended the
refunding of the outstanding $975,000 6% bonds and the
issuing of$l ,500,000 first rntge. 25-year 5s, with a sinking fund
of 2% annually, in order to provide additional working capital
and funds for extensive advertising .—V. 88, p. 1617.
International Nickel Go., New York.—Extra Cash Dividend
of 26%
on
Common Stock—15% New Common Stock Offered
at Par to all Shareholders.—The directors on May 20 (1) de¬
clared an extra dividend of 25% ($2,218,165) on the comonm
stock
($8,872,602 outstanding), payable July 15 on stock
6, out of the surplus earnings from April !
1 1910 remaining after payment ot 6%
yearly on the ($8,912,626) pref. stock, “and the payment pf
dividends (aggregating 5^%.—Ed.) heretofore declared and
paid on the common stock during the fiscal year ended March
of record June
1906 to March
1910; also (2.) that $2,670,000 of
31
common
stock be offered
for subscription at par to all holders of record of com. dr
pref. stock at close of business on June 6, to the extent of
15% of their respective holdings of each class of stock.
Condensed Extracts from Circular Signed by Treasurer Jas. L. Ashley, May 20.
Since April 1 1906 this company has earned, over and above the Interest
on its bonded debt, the installments due the sinking fund, the amount set
aside for depredation and the full dividend In each year upon its pref. stock,
the sum of $2,855,339.
Qf this amount only $487,978 (5H%.—Ed.) has
been declared as a dividend on the common stock, leaving still available
for such dividends the sum of $2,367,361, which has been accumulated In
surplus account.
The directors have felt that. In view of the prosperous
be distributed among the
condition of the company, this surplus should
stockholders, and, If it could have been done, would have directed
such distribution in the form of a stock dividend, i. e., a dividend payable In
common
stock.
They have been advised,' however, that all additional
stock issued must be offered alike to com. and pref. stockholders.
All subscriptions for the new stock must be made on the company’s war¬
rants, accompanied by the amount subscribed in New York exchange, at
the company 8 N. Y. office, 43 Exchange Place, by 3 P.M. July 11 1910.
Any further Information will be furnished upon application by the Treas¬
urer In New York City, or by Harold Wagstaffe, Secretary or the Nickel
Corporation, Ltd., 85 Gracechurch St., London.—V. 89, p. £49.
common
common
International Paper Go.—Bonds Called.—Sixteen ($16,000)
1st
mtge. 6% gold bonds, due May 1 1916, were paid off on
Colony Trust Co.,
Boston, trustee.—V. 90, p. 1428.
Inter-State Independent Telephone & Telegraph Go. of
June 1 at 105 and interest at the Old
Illinois.—Option.-—The American Telephone & Telegraph
Cb. interests are reported to have an option on $2,000,000 of
the company’s bonds (on July 1 1909 $2,390,000 were re¬
ported; outstanding).—Y. 88, p. 1316.
Kentucky Wagon Mfg. Go., Louisville.—New Stock.—The
shareholders voted May 25 to increase the capital stock
from $1,250,000 to $1,500,000; also to limit the coinpany’s liabilities to not exceeding $750*000, excluding
endorsements of customers’ paper, m the regular course of
business. It is not anticipated that tins maximum debt
limit will ever be reached even approximately.
The new stock will be offered to the old stockholder? at par pro rata to
provide additional Working capital, one new share to every* five now held.
As the local money market Is working vary close, it Is probable that the
directors will defer fixing a date for offering new stock for a short time so
as to throw the date of payment for it until early In July.
The holders
of a large part of the stock have signified their intention of taking their
proportion. The company manufactures “Old Hickory” and “Tennessee”
farm wagons
and other vehicles,
w. C. Nones is President.
Junei
1902 to June 11908.
Sept. 1908 to Mch. 1910.
■? > > 5% per annum, t
10% per annum (Q.-M;) >:
Extra
1% on June 11903,1904,1905
None.
Par of shares $100. Compare V. 87, p. £48.
Dividends—
Regular M
flessner Building, Chicago.—Advance Offering.—Pea-
y, Houghteling & Co.7 Chifeago, are making ah advance
offering at par and int. of $650,000 Ressner Building 1st M.
5% serial gold bohds, “the persona} obligation of Jacob £•
Kessner, a well-known Chicago businessman, who owns a large
amount of valuable down-town Chicago real estate.” Ty©
bankers say
in substance:
Bonds dated Jan. 3 1910 and due In ten annual Installments each Jan. 1
from 1912 to 1921 incl. (8 of $40,000; then 3 of $58,009. then 3 of $60,000.
then 1 of $200,000), but redeemable on Jan. 1 1915 or on lnt. dates there¬
after fnreverse of numerical order at 102 H and lnt.
Prln. and semi-annual
lnt. payable at our office.
First Trust a Savings Bank, Ghicago, trustee.
Par $500 and $1,000 (c*).
A 1st M. on the new 17-story steel fireproof offioe
building under construction at the corner of Madison St. and Wabash Ave.,
cash cost $859,959: also oh adlolnlng 5-story mercantile building leased to
Fall River (Mass.) Pectric Light Co.—New Slock.—The
stockholders, having voted on Jan. 31 1910 to increase the
capital stock from $600,000 to $800,000, are offered the right
to subscribe for the new stock at $150 a share (par $100)
on or before July 1 1910.
Burley & Tyrrell Co. till April 30 1921 at $21,000 yearly, and leasehold
Subscriptions are payable $30 per estate
In ground under both buildings, 101 ft. on Wabash Ave. and 163 ft.
share July 15, $60 »3ept. 15 and $60 Nov. 15 1910.
The on Madison
St., together valued at $250,000.; total, $1,109,959. Fire In¬
stock will be issued as of Dec. 1 1910.—V. 81, p. 561.
surance policies ($550,000) and rental insurance policies ($200,000) as¬
signed to the trustee as additional collateral security, $700,000. Gross
Fayette Cpunty Gas Co., Pittsburgh.—37y2% ExtraDivi- rental, partly estimated, $205,000; oper. expenses, taxes. Insurance and
dend.—The company on May 28 sent out checks for the ground rent, $82,000; estimated net income, $123,000; maximum annual
Interest charge, $32,500.
Over half of the space In the new building has
37y2% extra dividend on the $1,600,000 stock paid from the already been leased to responsible tenants. As additional security for these
proceeds of the sale of the West Virginia gas lands to the bonds, all leases are to be assigned to the trustee and deposited with Pea¬
Hough teltng & Co., and the net income Is to be deposited with them
Hope Natural Gas Co., a subsidiary of the Standard Oil Co. body,
twice monthly and applied by them to the payment of ground rent. Insur¬
ance, taxes and interest and maturing bonds.
Compare V. 90, p. 1298, 1173.
Firestone The & Rubber Co., Akron.—Re-incorporation.—
Manitoba & Saskatchewan Goal Co., Ltd.—Special Settling
This company, organized about eight years ago under the Day.—The London Stock Exchange has appointed a special
laws of West Virginia, with $300,000 capital stock, to take settling day for the $250,000 6% 1st M. debentures (cum.
over the business organized and since managed by Harvey
scrip coupon due July 1 1910). Par $1,000 and $500 each.
S. Firestone, as President, was in March last re-incorporated
Massachusetts Coal & Power Co.—Circular.—The direc¬
under the laws of Ohio with $4,000,000 of auth. stock, of tors in a circular
say:
/
which $3,000,000 is common and $1,000,000 is 7% cumulative
The physical condition of the property Is good and the work Is progressing
non-participating preferred. Par of shares $100. Out¬
standing May 28 1910, $2,750,000 com. and $500,000 pref.
The preferred has preference as to principal In case of liquidation, is
callable on and after April 1 1915 at 110, and has no voting power.
The
outstanding preferred, it Is understood, was sold for cash to be used In
building the new plant, which is to be erected near the present location in
Akron, at a Cost of $500,000.
•:
“Cleveland Finance” said:
“It being no more than right that the stock¬
holders of the old corporation should receive their share of the accumulated
most satisfactorily.
sunk to a depth of
The new 9x7-foot shaft on the north vein has been
135 feet, the trouble with surface quicksand, which
caused three months’ delay, having been overcome by a strong timber
bulkhead down to solid rock.
Geologically the formation is a true one as
compared with other anthracite coal regions. The ooal seam Is somewhat
crushed In places, but this Is to be expected so near the surface.
The width
Is improving with depth and at present shows about 6 ft. of high-grade coal.
It would be impossible to pass absolute judgment on the value of the
mine until a depth of at least 500 feet has been, reached, at which depth the
four known seams of ooal will be cross-cut.
It is expected that this work
1494
THE CHRONICLE
■will be completed Inside of three months.
2,300 acres) Is being prepared.
Ample means ltt the treasury to
A plan of the property (over
The oompany has no debts and possesses
carry on the necessary development work
for some time to come.
The transfer books show nearly 800 stockholders
And It Is estimated that there are at least 200 more directly Interested In
1908—-
the stock.
The stock is non-assessable.
Stockholders are Invited to visit
the property, permits to be obtained at the Boston office 19 Exchange
Place.—V. 90, p. 702.
Merchants’ & Miners’ Transportation Go., Baltimore, Md.
—Bonds Offered.—J. S. Wilson Jr. & Co. and Baker, Watts
& Co., both of Baltimore, are offering at 100 and int. the un¬
sold portion of $700,000 equipment mtge. 5% gold bonds, in
S series, A to H inch, one series due each 6 mos. beginning
April 1 1912, $75,000 semi-annually in 1912 and 1913 and
$100,000 semi-annually in 1914 and 1915. State Street
Trust Co., Boston, trustee. Int. A. & O. A circular says:
Direct obligations of the company, secured by two steamships to be built
by N, Y. Shipbuilding Co. to cost 3900.000, of which the transportation
company pays $200,000 In cash or 22%, the title remaining with the trustee
until the last bonds have been paid off.
Company began operation In 1854.
Owns 25 steamships running between Baltimore, Norfolk, Newport News,
.Savannah, Jacksonville, Philadelphia, Fall River, Providence and Boston.
Paid its first dividend In 1856 at rate of 20%; has since paid dividends every
year, total cash dividends, 770 1-3%; stock dividends, 150%.
In 1907
the capital stock was Increased from $2,000,000 to $5,000,000, half of which
was acquired by the N. Y. N. H. & Hartford RR„ each transportation
stockholder receiving, as a stock dividend, one share of N. Y. N. H. & H.
RR. stock and one-quarter share of transportation stock on every share of
old stock held.
The net Income, after payment of all fixed charges for the
past 10 years, has averaged nearly 14 times the Interest on these bonds.
The bonds rank ahead of the $5,000,000 stock (market value, $4,350,000).
Chairman, Michael Jenkins; Pres., Joseph C. Whitney; Vice-Presidents.
N. W. James and E. P. Whitney, and Sec. & Treas., J. H. Robinette
—V. 90, p. 1242.
Mexican Light &
The London Stock
Power Go., Ltd.—Listed in London.—
Exchange has listed a further issue of
$1,500,000 7% cumulative preference stock, making the
total listed $3,900,000 (auth. issue $6,000,000); common
listed $13,585,000; 1st M. 5s, $12,000,000.—V. 90, p. 506.
Monongahela River Consolidated Coal & Coke Co.—Opera¬
tions for Half-Year.—For 6 months ending April 30:
Total
Six
Months—
Gross
Earns. Royalty.
Deductions
Depr. Tax.&lns. 1 stM.fnt.
Bat.
$
$
$
$
$
$
1909-10
3,175,108 775,036 221,531 208,531 201,499 234,266 d90,791
2,869,134 978,511 199 542 212.098 204,745 242,830 sll9,296
d Deficit,
s Surplus.—V. 90, p. 631, 234.
Tons.
_
Montreal Light, Heat & Power
year
Co.—Report.—For the
ending April 30:
Fical
Year—
Gross
-
.<•
Earninas.
__$4,240,945
1908-09
4,079,769
—V. 90. p; 450
Net
Int. on
Earnings. Bonds, &c.
$2,392,067
$480,866
2,235,116
489,268
Dividends
Paid.
(7%)$1,190,000
(6%) 1,020,000
Balance,
Surplus.
$721,200
725,848
New England Brick Co.—6% Notes.—A deed of trust has
been filed at Bridgewater, Mass., to Franklin Worcester,
Arthur F. Blanchard and Lewis Kennedy Morse, trustees,
to
$100,000 6% gold coupon notes
on brick, &c.
Capital stock, $300,000.
Leases New England Brick Yards Co., which
at last accounts had outstanding $716,000 first mtge. 5s, due Jan. 1925;
Interest J. & J. at Old Colony Trust Co., Boston.
Compare V. 79, p. 2151,
secure
2208.
New York Bank Note Co.—Suit.—Suit was filed in the
United States Circuit Court in this city on June 2 against
Hansom H. Thomas, individually and as President of the
New York Stock Exchange; 1,100 members of the Exchange;
George W. Ely, its Secretary, and the American Bank Note
Co., to recover $5,000,000 damages.
It Is claimed that “the defendants have injured the complainant in its
good name and reputation, have caused It to lose great quantities of busi¬
ness and many customers, and have wilfully, maliciously and by duress
injured and diverted its business.”
New York Curtain Co.—Stock Offered.—Status.—J. K.
Rice, Jr. &Co., New York, offer a small block of the stock
at 115, to net over 15.65% per annum.
A circular says:
Incorp. in Dela. 1898 to build scenic advertising theatre curtains, &c.
Owns contracts, rights and privileges on about 900 asbestos and canvas
curtains In the United States and Canada, and, we are Informed, has just
renewed a long-term contract with the American Chicle Co. and the Sen
Sen Chiclet Co. for advertising.
Capital stock, $1,000,000, all outstand¬
ing (par $100).
Dividends of 15% or over have been paid each year since
1898; for year ending April 30 1907, 17^%; 1907-08, 18 H%; 1908-09,
16%.
Now paying regularly 1H% monthly.
The earnings, we are
Informed, have averaged about 25% on the stock each year since organlza
Directors: Thomas Adams, Pres.; W. B. Whltetlon.
No bonded debt.
Vlce-Pres.; Edward Stelndler, Sec. and Gen. Man.; Henry Rowley, Treas.;
W. J. White and George H. Worthington.
North American Biscuit Co., Kansas City, Mo.—New
Name.—The shareholders will vote June 10 on changing the
name of the corporation to “Loose-Wiles Biscuit Co.”
Incorporated In New Jersey April 7 1903 as United States Biscuit Co.
with $4,500,000 capital stock in $100 shares.
Present name assumed
Stock Increased on Aug. 28 1905 to $9,000,000, consisting
June 5 1903.
of $6,000,000 common and $3,000,000 7% preferred.
Constituent proper¬
ties said to include the Loose-Wiles Biscuit Co. and Hazen Confectionery Co.
of Boston; Brown Cracker & Candy Co., Dallas, Tex.; Chicago Biscuit Co.,
and Loose-Wiles Biscuit Co. of Kansas City, with plants in St. Louis,
Omaha and Minneapolis.
No bonds.
The preferred stock is said to have
received its 7% yearly each quarter since 1903.
Pres., J. H. Loose;
Treas., J. H. Wiles.
Office, Kansas City, Mo.—V. 81, p. 563, 1379.
Omaha (Neb.) Water Co.—Final Court Orders City to Pur¬
chase.—The United States Supreme Court on May 31 affirmed
the decision of the lower court holding valid the appraisal of
the plant at $6,293,295, notwithstanding that the report of
the appraisers was not unanimous.
The electors on May 4
1909 voted to issue not exceeding $6,500,000 4% 30-year
bonds to provide for the purchase.
Compare items under
“Omaha” in “State and City” department, V. 88, p. 1017,
1267, and editorial, Y. 87,
p.
132.—V. 88,
p.
1257.
Outer Harbor Dock & Wharf Co., San Pedro, Cal.—Status
—Bonds Guaranteed.—See Union Oil Co. under “Annual
Reports”
on a
preceding page.—V. 85,
p.
1466.
Phoenix Iron Co., Philadelphia.—New Bonds.—The share¬
holders will vote June 28;pn increasing the indebtedness from
$930,000 to $1,500,000, for the
purpose
of retiring the present
funded debt and to enable the company to better carry on
and enlarge its business. > George Gerry White is Secretary,
28 Walnut St., Philadelphia.—V. 88, p. 568.
[VOL.
LXXXX
Pittsburgh Coal Co.—Acquisition.—Deeds were filed in
Washington County Court House at Washington, Pa.,
on May 24
conveying 3,553 acres of Pittsburgh vein coal,.to¬
gether with 410 acres of surface holdings of the Shaw Coal
Co., formerly held under a long-term lease (V. 74, p. 376),
to the Pittsburgh Coal Co.
Payment is to be made in 1st
M. 5% bonds of the
Pittsburgh Coal Co. of Pennsylvania,
dated
the
Jan. 1 1910 and
maturing in 1939, but subject to call
interest day.—V. 90, p. 1428, 980.
Producers’ Transportation Go—See Union Oil Co. under
“Annual Reports” on a preceding page.—V. 85,
p. 290, 48.
Saco & Pette Co., Newton,
Mass.—Re-incorporation.—
This company was incorporated in Massachusetts
May 18
1910 with $1,600,000 capital stock, all of one
class, in shares
of $100 each, as successor of the Saco & Pettee Machine
Shops. The old company called its $400,000 preferred stock
for payment at 110 and accrued dividend of 3% at the Boston
Safe Deposit & Trust Co. on June 1.
The holders of the
$800,000 old common, it is stated, receive two shares of new
stock for one share of old.—V. 83, p. 1233.
San Diego (Cal.) Gas & Electric Co.—Dividend Increased.
—The company, managed by H. M. Byllesby & Co. of Chi¬
cago, has declared a quarterly dividend (No. 6) of 1J^% on
the $700,000 common stock, payable June 15 to holders of
record May 31.
This compares with 5 previous distributions
of 1%% each, beginning March 15 1909.—V.
89, p. 1415.
Singer Manufacturing Co.—Stock Dividend.—The share¬
holders will vote June 16 on increasing the capital stock from
$30,000,000 to $60,000,000, for the purpose, a circular states,
of declaring a stock dividend of 100% recommended
by the
directors on June 2, in order to distribute a portion of the
accumulated surplus.—V. 84, p. 54.
Springfield (O.) Light, Heat & Power Co.—Deal Off.—It
is announced that the deal by which a new
corporation was
to be organized by Theodore Stebbins, formerly General Man¬
ager of the Central Market Street Ry. of Columbus, to lease
the properties of the company, has been declared off.
at
102)^
on any
It was provided that $1,000,000 new pref. stock was to be Issued by the
underlying company, the proceeds to be used to complete the new power
house, extend the lines, and for other Improvements. Some of the large
Columbus stockholders refused to agree to the new Issue.
At a conference of the leading Interests held at Columbus on May 26, a
committee consisting of John L. Zimmerman of Springfield, President of
the company, and W. H. Share and John D. Price, directors, and Emil
Klesewetter, President; John Slebert, Chairman of the board of the Ohio
National Bank, and William Scarlett of M. C. Lllley & Co., representing
the stockholders, was appointed to take up and discuss any new proposition
which might be made to purchase the property.
Compare V. 90, p. 1106.
Standard Oil Co.—Decision.—The Minnesota Supreme
Court on May 20, reversing the lower court, overruled the
demurrer in the suit brought by former Attorney-General
Young to revoke its license to do business in that State on
the ground that the company was guilty of unfair compe¬
tition by charging lower prices at competitive points (large
cities) in the State than at other places for the purpose of
destroying the business of competing companies. The case
is remanded for re-trial.
Judge Bunn of the Ramsay County District Court sustained the demurrer,
holding that the law was class legislation and therefore unconstitutional.—
V. 90, p. 1366, 1243.
Street’s Western Stable Car Line, Chicago.—All Dividends
Discontinued.—The directors decided on May 26 that all
dividends “must be discontinued in order to meet the in¬
creased obligations under the new car trust of June 1909.”
Condensed Extract from Circular Signed by Secretary R. J. Mills May 26.
Since June 1 1909 the company has expended approximately $250,000
for new equipment for replacements.
Without definite assurance that net
earnings will he greater during 1910 than last year, when they were $250,996,
and there being required $75,000 for bond retirement and $95,000 for
interest, earnings on the 1909 basis would leave In round figures a balance
of only $80,000, a substantial amount of which must be expended for
normal betterments.
The company must also be put In such condition
for working capital as will enable It to meet promptly Its obligations.
It
was with reluctance that your directors were forced to the conclusion that
they must break the record of 22* years’
disbursements
on
the
($775,000) pref. stock, and they desire to give assurance that dividends on
same will be resumed at the earliest date the
company's earnings and
financial condition will permit.—V. 90, p. 3428, 1176.
Texas
Company, Houston.—Increase of Stock Authorized.—
$2,000,000 Stock Sold.—The stockholders on May 28 author¬
ized (1) the increase of stock from $18,000,000 to $36,000,000;
(2) the declaration of a stock dividend when deemed desira¬
ble, and (3) the sale of $2,000,000 stock at the present time
(compare V. 90, p. 1366). This block of stock has been pur¬
chased by Hallgarten & Co. and Harris, Winthrop & jCo.,
and it is expected that an offering will shortly be made both
here and abroad.—V. 90, p. 1366.
Union Sand & Material Co. of St. Louis.—New Stock.—
April 19 filed a certificate of increase of
This company on
capital stock from $3,400,000 to $6,000,000, and on April 20
paid a stock dividend of 50%, increasing the outstanding
share capital to $5,100,000; par $100.
On April 10 1910 the usual quarterly cash dividend of 2^% (10%
per
annum) was paid, being the same rate as maintained from Jan. 1907 to
Jan. 1910.
Pres., H. L. Block; Sec. and TYeas., C. A. Cunningham.
Early In 1909 there were Issued $400,000 6% gold bonds, dated Feb. 1 1909
and due Feb. 1 1919, but subject to call on any Interest day upon 60
days’
notice at 105 and Interest.
Interest payable F. & A. at St. Louis Union
Trust Co., trustee, St. Louis.
Sinking fund, $30,000 annually for pur¬
chase of bonds at 102 H.—V. 88, p. 382.
United States Motor Co., New York City.—Increase
of
Stock.—The shareholders will vote June 15 on increasing the
authorized capital stock from $16,000,000 to
$30,000,000,
viz.:
Pref. stock (7% cumulative) from $8,000,000 to
000,000;
$15,-
common
stock from $8,000,000 to $15,000,000.
The increase is made for the purpose of acquiring additional
facilities and control of additional companies. ! The
$250,000
stock of the Gray’s Motor Co. of Detroit, makers ofjmarine
and stationary motors, was purchased on May 13, and the
June 4
THE CHRONICLE
1910.]
output capacity, it is said, will be increased from 7,000 to
15,000 motors. The “Detroit Free Press” learns from a re¬
liable source, though not from Pres. Benj. Briscoe, that terms
have been agreed upon for the purchase of the Dayton Motor
Car Co., and that the formalities will be closed in a few days.
The “Free Press” has recently had the following:
This year
cars,
the Davton Motor Car Co. will build 8,000 Stoddard-Dayton
ranging In price from $1,500 to $3,000,
and 1,500 Couriers, a lower
The output of Couriers for 1911 will be doubled.
car.
President Benjamin Briscoe of the United States Motor Co., who was In
Detroit yesterday (May 28), said:
“We expect to produce between 50,000
and 80,000 cars in 1911, or a business of $55,000,000.”
The roster of the United States Motor Co. now shows 16 plants, as follows:
priced
Maxwell-Briscoe Co., 5 plants, 2 at Providence. 2 at Tarrytown and one at
Newcastle, Ind.: Brush Runabout Co., 2 at Detroit; Briscoe Mfg. Co . one
at Detroit and one at Newark, N. J.; Dayton Motor Co., 2 StoddardDayton and one Courier plant at Dayton, O.; Alden Sampson Co., one at
Plttsfteld, Mass., and one tQ be built here; Gray Motor Co., one in Detroit.
Frank Briscoe, President of the Brush company, says:
“We are going
to build a big addition to the Brush plant on Oakland Ave.
The outer
wall will be just 90 feet short of a full half mile.”
[The addition. It Is said,
will Increase tlie output capacity to 20,000 Brush runabouts.—Ed. “Chron¬
icle.”]
The main building for the Alden Sampson Co., the power wagon
end of the United States Motor Co., will be 1,000x175 feet, one story In
height and of reinforced concrete construction. [Capital stock of the Alden
Sampson Co. was recently Increased from $300,000 to $2,000,000.]
In the sale of the Brush company the holders of the pref. stock, total
Issue, 10,000 shares, get an even exchange for pref. stock In the United
States Motor Co., but the Interest is Increased from 6 to 7%.
Holders of
the common stock, total Issue, 25,000 shares, get 2
for 1 In the exchange
of stock.
It Is understood that the Briscoe Mfg. Co. of this city, of which
Frank Briscoe Is President, will be taken over by the U. S. Motor Co. as
soon as all the stock has been gathered.
The stock consists of 15,000 shares
of common and 16,000 shares of pref. (par value of each, $10 per share).
Output Maxwell Automobiles.—An exchange says:
Output of Maxwell-Briscoe Co. Maxwell Automobiles.
1908.
1909.
4,455
9,460
1905. >
1907.
1904.
823
10
3,785
Present rate of Maxwell production,
1910.
est.18,000
about 2,300 monthly.—V.90,p. 1177.
Corporation.—Bonds Called.—One
hundred ($100,000) 1st mtge. bonds of the H. C. Frick Coke
Co. have been called for redemption on July 1 at 105 and
interest at the office of the Fidelity Title & Trust Co., Pitts¬
burgh, Pa.—V. 90, p. 1177, 1166.
Yankee Fuel Co.—Further Deposits.—Foreclosure pro¬
ceedings having been commenced under the mortgage to the
United States Mortgage & Trust Co., trustee, the protective
committee, now consisting of J. T. Odell, Chairman, H. A. V.
Post and W. H. Coverdale, with Calvert Brewer, Secretary,
55 Cedar St., gives notice that it will accept, without penalty
until June 25, further deposit of bonds with the aforesaid
trust company under the proposed plan of reorganization
dated Jan. 27 1910, in V. 90, p. 378.
United
States
Steel
—N. W. Halsey & Co. announce the removal of their
Philadelphia office to the new Morris Bldg., 1421 Chestnut
St. They have taken a long-term lease of 3,000 feet of
space, constituting the east end of the seventh floor, from
which they have an unobstructed outlook on Chestnut,
Broad and Ransome streets, affording an unusual amount of
air and light.
The offices have been furnished throughout
in mahogany.
N. W. Halsey & Co. have offices in New
York, Chicago, San Francisco and Philadelphia, the head¬
quarters of the firm being in New York. The Philadelphia
office is under the management of Frederick Peirce.
—The engineering firm of C. G. Young, who are specialist,
in reports for financing, have taken additional office spaces
enlarging their present suite of offices on the eighth floor of
60 Wall St. to meet the increasing demands of business,
This concern is largely engaged in engineering and con¬
struction, devising plans, methods and the operation of pub¬
lic utilities and industrial companies.
Mr. Young was for¬
merly identified with the well-known firm of J. G. White &
Co., engineers and contractors.
—Estabrook & Co., the well-known Boston and New York
bankers and bond dealers, on June 1 opened a branch office
in the Rookery, Chicago, under the management of Frederick
W. Burlingham and J. L. Martin Jr.
Mr. Burlingham has
for the past 3 years been associated with Peabody, Houghteling & Co. as office manager; Mr. Martin for fifteen years
has been in charge of the Connecticut business of Estabrook
& Co. and
established their business headquarters in
Hartford about 5 years ago.
—The banking house of Plympton, Gardiner & Co., 27,
William Street, on another page call to the attention of
investors the desirable feature of a number of short-term
securities yielding from 4.90% to 6.50%.
Full particulars
of any issue will be sent upon request.
The firm’s Chicago
office is at 232 La Salle St. and the London office at 54 Old
Broad St., E. C.
—Edwin A. Seasongood, for some years with Speyer &
Co., bankers, and George C. Haas have formed a co-partner¬
ship for the transaction of a general brokerage and invest¬
ment business in bonds and high-grade securities, under the
firm name of Seasongood & Haas, with offices at 100 Broad¬
way.
1495
©cminjcrcial J'imcs.
~COMMERCIAL~EPITOME^
Friday Night, June 3 1910.
Conservatism is still the dominant note in trade, though the
indications show plainly enough that transactions are larger
than they were a year ago.
The crops, moreover, look
better.
Prices of cotton and grain have fallen—a fact which
may pave the way for larger exports.
Iron and steel, it is
said, have met with something of a check since the Govern¬
ment has taken action against the railroads in the matter
of increased freight rates.
Stocks of Merchandise in Xeio York.
Coffee, Brazil
Coffee, Java__._.
Coffee, other
Sugar.
_
'
May 1
t
1910.
June 1
1909.
2,850,617 3,071,300 3,332,035
39,029
33,663
45,696
339,786
418,156
392,579
42,000
39,900
46,797
17,633
6,683
21,150
235,475
250,589
181,405
3,543
2,624
5,212
1,539
None
1,922
51,200
72.300
30,100
.
Hides
Cotton
Manila hemp
Sisal hemp "
Flour
June 1
1910.
„
LARD on the spot has declined, owing to a fall in the
market for futures, increased offerings of product and slug¬
gishness of trade. Prime Western 12.45c., middle Western
12.40c. and City steam 12c.
Refined lard has also declined,
with trade quiet.
Continent 13.10c., South America 14 25c.
and Brazil in kegs 15.25c.
The speculation in lard futures
here in New York has been dull.
At the West the market
has been active and irregular, but on the whole weaker of
The recent sharp break in grain and other commodi¬
late.
ties has naturally dampened bullish sentiment on provisions.
The live hog market has weakened at times of late, owing to
increased arrivals of hogs.
Large packers have sold lard freely.
DAILY CLOSING PRICES OF LARD FUTURES IN
Sat.
Mon.
Tues.
Wed.
July delivery
12.70
September delivery —12.55
Holi-
Sat.
Mon.
12.76
12.63
NEW YORK.
Thurs.
Fri.
12.40
12.20
12.30
12.20
day.
12.20
12.15
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
'
July delivery
September delivery
PORK
12.47^
.12.32 H
Holiday.
Tues.
12.40
12.25
Wed.
Thurs.
11.97H 12.00
11.90
11.50
Fri.
11.82M
11.80
the spot
has been quiet and steady; mess
$24@$24 50; clear $25@$27; family $26@$26 50. Beef
on the spot has been quiet and firm;
supplies light; mess
$16@$17; packet $16@$17; family $19 50; extra India
mess $30.
Cut meats have been moderately active and
steady; pickled hams, regular, 15^@16c.; pickled bellies,
clear,
on
16@18^c.; pickled ribs 15^@17^c.
Tallow dull
steady; City 7c. Stearines dull and easy; oleo 12^@
14c.; lard 15c. Butter in moderate demand and steady;
creamery extras 28}^c.
Cheese quiet and steady; State,
whole milk, colored or white, new, finest, 14Eggs quiet
and steady; Western firsts 20@20^c.
OIL.—Linseed quiet and generally steady, though some
shading of quotations has been reported of late on small
lots.
City, raw, American seed, 82@83c.; boiled 83@84c.;
Calcutta, raw, 90c. Cottonseed dull and easy; winter 8.25
@8.60c.; summer white 8@8.60c. Lard quiet and steady;
prime $1 20@$1 28; No. 1 extra, 65@69c. Cocoanut has
been quiet; Cochin 1034@103^c.; Ceylon 93^@9%c.
Olive
quiet and steady at 78@80c. Cod has been moderately
active and firm; domestic 38@40c.; Newfoundland 44 @45c.
COFFEE on the spot quiet and easy; Rio No. 7, 8>£@
8J4c.; Santos No. 4, 9)4@9%c. West India growths quiet;
fair to good Cucuta 9J^@10Mc.
The speculation in future
contracts has been quiet.
Price changes have been slight,
but there has been a tendency to sag of late, owing to the
dulness of the speculation, the quietness on the spot and
heaviness at times in the European markets.
Closing prices were as follows:
and
July
August
6.15c. I October
T..6.35c. | February
6.15c. j November...6.35c. j March
6.25c. I December
6.40e.!Aprll
September
6.30c.(January
June
6.43c.(May
\ ,6.45c.
6.46c.
__6.49c.
6.51c.
SUGAR.—Raw quiet and easy.
Centrifugal, 96-degrees
test, 4.24c.; muscovado, 89-degrees test, 3.74c.; molasses,
89-degrees test, 3.49c. Refined quiet and easier; granulated
5.05@5.15c. Teas dull and steady. Spices steady with a
fairtrade.
Wool quiet and irregular. Hops dull and steady.
PETROLEUM.—Refined has been fairly active and
steady. Barrels 7.75c., bulk 4.25c. and cases 10.15c.
Gasoline has been in good demand and steady; 86-degrees
in 100-gallon drums 18%c., drums $8 50 extra.
Naphtha
has been steady with a moderate trade; 73@76-degrees in
100-gallon drums 16%c., drums $8 50 extra. Spirits of
turpentine has been quiet and weaker at 60c. Rosin has
been quiet and steady; common to good strained $4 50.
TOBACCO.—There has been no striking change in the
situation in
tinued quiet
more active
COPPER
the market for domestic leaf.
as a rule with prices
at firm quotations.
Trade has
con¬
steady. Sumatra reported
—Redmond & Co. offer in our current issue a variety of
Havana quiet and steady.
securities for June investment.
The list includes shorthas been quiet and steady.
Lake 12J^@13c.;
time secured notes and some first mortgage industrial bonds
electrolytic 12.70@12.80c.; casting 12^@12%c. Lead
yielding an attractive return; also a number of railroad bond dull and steady at 4.46@4.50c. Spelter dull and easier at
issues.
See details in advertisement.
.!
5.40@5.50c. Tin quiet and easier at 32.80c. for spot.
—Wilbam Salomon & Co., 25 Broad St., have issued a Pig iron has been less active and easy ■ No. 1 Northern
circulaUpointing out the attractive possibilities of the Chesa-j $16 75@$17 ; No. 2 Southern «15<75@$16 25. Finished
peake;# Ohio convertible 41^% bonds of 1930, which carry a! material has been fairly active; 1but< the Government's attack
10-year call on C. & O. stock at ‘a price only about eight upon the railroads has led to requests that orders for steel
■
points above the current quotation.
cars
and steel rails be canceled.
THE
CHRONICLE
COTTON.
On Shipboard, Not Cleared for—
June 3 of—
Friday Night, June 3 1910.
as indicated by our
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached
36,392 bales, against 54,056 bales last week and 75,376
bales the previous week, making the total receipts since
Sept. 1 1909 6,996,658 bales, against 9,553,730 bales
for the same period of 1908-09, showing a decrease since
Sept. 1 1909 of 2,557,072 bales.
Great
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
New Orleans.
Galveston
Savannah
Charleston
13,089
2,680
_
____
Coast¬
wise.
3,300
9,149
10,873
5,053
Leaving
Total.
Stock.
27,693
60,677
31.651
1,366 18,182
27 921
2*4 7 i
Mobile
Norfolk
New York
Other ports
.
431
Other
Foreion
____
*"160
18,000
1,200
Total 1910-Total 1909..
Total 1908..
I'Tin® too OI»H
500
1,000
200
931
13,649
26,997
26,812
12,068
9,328
221,475
20,457
9,990 78,336
13,164 106,800
20,570 89,967
373,933
401,020
260,729
400
16.326
28,724
13.326
4.815
4,259
2,675
2,631
8,530
19,900
1,400
8,530
..
—'r-
Total.
Ger¬
many.
Britain. France
THE MOVEMENT OF THE CROP
Receipts at—
.LXXXX.
Speculation in cotton for future delivery has been active
prices, due primarily to better weather and heavy
Corp .Chrlsti, Ac.
liquidation.
The Bureau report on June 2 gave the condi¬
New Orleans
1,325
2,176
615
5,476
14,145
1,341
3,212
tion as 82%, against 81.1% at the same time last
Gulfport
year and a
Mobile
54
116
10
i
16
197
ten-year average of 80.9%, while it stated the acreage at
Pensacola
149
Jacksonville, &c.
*163
‘312 2.8% larger than that of a year ago.
Rumors had been
Savannah
2,069
1,612
269
450
990
1,108
6,498
plentiful that large Chicago bull interests were selling out.
Brunswick
503
503
Charleston
107
12
1
Certainly from some source enormous quantities of the old
23
143
Georgetown
crop were liquidated, and the impression was very general
25
14
Wilmington
695
44
io
33
821
that both Chicago and New Orleans bulls
Norfolk
292
708
428
5
24
430
1,887
materially light¬
N’port News, Ac.
764
ened their load.
764
Things
have militated against
which
New York.
279
285
390
616
1,570
“bull” operations of late have been not only the clear and
Boston
11
6
17
Baltimore
487
warmer weather, which has
763
1,250
sensibly improved the crop out¬
Philadelphia.
look, but also the recent heavy fall in the price of wheat, the
Tot. this week
6,389 11,821
5,168
3,543
5.363
4,108 36 392
sharp break in the stock market, the persistent curtailment
of production by cotton mills, the dulness of the
The following shows the week’s total receipts, the total
dry goods
market and the determined opposition to an advance on the
since Sept. 1 1909, and the stocks to-night,
compared with part of powerful interests in and out of Wall
Street. As a
last year:
rule, too, the spot markets at the South have been quiet.
To say the least, moreover, the stock at New York has not
1909-10.
1908-09.
Stock.
decreased to the extent that had been expected.
Receipts to
On the
June 3.
This
Since Sep
This
Since Sep
it
has
increased
contrary,
the
steadily
until
present
week.
Week.
1 1909.
Week.
1 1908.
1909.
1910.
Latterly, there have been large spot sales reported here and
Galveston
8,285 2,446,351 19,601 3,527,278
49,833
75,464
considerable shipments to Europe, though it is supposed that
Port Arthur
142,281
145,113
some of this cotton
Corp. Chrlsti, Ac.
73,758
2,143
leaving New York is going out on con¬
147,003
New Orleans....
14,145 1,227,524 14,796 2,023,931
88,370
150,278
All
signment.
the
reports
go to show that, not only has the
Gulfport
8,264
446
20,221
Mobile
acreage been increased, according to various estimates, say
197 *241,220
2,000
371,713
6,890
16,523
Pensacola
125
136,985
3 to 4 J^%, but that the sales of fertilizers have this
150,099
year
312
Jacksonville, Ac.
39,994
29,526
been on a very large scale.
Savannah..'.
This is another indication that
6,498 1,309,434 10,862 1,471,193
27,921
44,700
Brunswick
503
223,532
the high prices ruling will stimulate cotton culture in this
675
2,862
319,087
6,846
Charleston.
143
596
207,981
208,132
5,053
4,815
country during the present season to the highest possible
Georgetown
1,376
2,569
821
451
Wilmington
310,530
975
407,995
8,114
point.
Not only is the acreage the largest on record, but
Norfolk.
1,887 *498,143
4,758
11,205
576,840
13,605
there can be no question that cultivation will be more tho¬
'N’port News, &c.
764
18,441
169
16,056
New York
1,570
"
20,749
rough than at any time for years past. In the meanwhile,
18,639
241,378
183,389
Boston
17
93
13,337
15,986
5,037
4,308
as already pointed out, the mills adhere
persistently to their
Baltimore
206
1,250
75,062
96,611
6,515
4,536
Philadelphia
44
1,696
5,738
pQlicy of curtailment. Large bull interests are still giving
1,070
2,143
support to the market from time to time, but their prestige
Total
36.392 6,996,658 58,706 9,553,730
452,269
507,820
has manifestly suffered from the recent severe decline and
Totals since Sept. 1 revised by adding 3,524 bales at Mobile and 1,500
also from persistent rumors of dissensions among themselves.
bales at Norfolk.
In order that comparison may be made with other years, Large spot interests have been heavy sellers. On the other
hand, Liverpool’s spot business has been liberal, the reports
we give below the totals at
leading ports for six seasons:
in regard to the yarn trade on this side of the water are some¬
what more favorable, the certificated stock here has latterly
Receipts at—
1010.
1909.
1907.
190*.
1906.
1905.
been decreasing and temperatures of late of 100 to 102 de¬
Galveston
8,285
19,601
17,696
8,276
15,504
22,600
•s'
grees in parts of Texas have raised the query whether so
Pt. Arthur, Ac.
2,143
138
498
7,390
New Orleans.
14,145
14,796
21,282
8,594
11,411
23,350
sharp and sudden a change in the weather there may be
Mobile
197
2,000
583
2,405
2,680
2,981
beneficial. A large short interest is also supposed
altogether
Savannah
6,498
10,862
12,024
6,426
13,646
19.331
Bruns wlcik
ft03
to have been created of late.
2.862
75
On the whole, however, the
2,488
5,986
596
Charleston, Ac
143
122
V.367
293
477
crop
outlook
has
noticeably
improved
and the concensus of
821
451
742
Wilmington.
3,590
2,283
2,717
Norfolk
1,8*7
4,758
5.147
opinion is that the new-crop months will gradually sag, while
3.434
6,221
11,997
764
169
N’port N., Ac
243
786
298
1,184
the old-crop deliveries, which are now for the most part
Allothers
3,149
468
1,131
1,123
1,942
3,668
avoided by commission houses, are
expected to gradually
Total this wk.
36,392
64,885
58,706
30,299
56,254
101,681
recede to the level of quotations for the new crop.
To-day
Since Sept. 1 6.996,658 9,553,730 7,897,324 9.520.813 7,483,260 9.187,790
prices advanced on bull manipulation, reports of good spot
sales here, high Texas temperatures and buying to cover
The exports for the week ending this evening reach a total
shorts.
Spot cotton has been more active. Middling up¬
of 74,785 bales, of which 20,974 were to Great
Britain, lands closed at 14.90c., a decline for the week of 40
points.
8,716 to France and 45,095 to the rest of the Continent.
The rates on and off middling, as established Nov. 17 1909
Below are the exports for the week and since Sept. 1 1909:
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
Week ending June 3 1910.
From Sept. 1 1909 to June 3 1910.
Galveston
Port Arthur
1,006
1,602
2,852
1,417
,263
145
8.285
-
-
-
_.
_
at lower
«
■
_
...
_
_
_
_
_
_
—
-
_
■
.
_
—
_
—
—
----
—
_
—
_
_
_
.
_
__
_____
*
•
"
_
■'
Exported to—
Exports
from—
Galveston
Port Arthur.-.
7,059
Corp.Chrls ,&c
New Orleans..
Mobile
Pensacola
-
-
-
1
-
-
-
_
_
_
-
2,952
_
7,059
_
13,321
1,550
16,274
1,550
..
3,501
‘3,501
8,965
8,965
.
Charleston
Wilmington.
-.
Norfolk
Newport News
New York
Boston
Baltimore
186
9,207
34,754
1,004
950
1,136
Phiiadelphii..
Portland, Me..
San Francisco.
Seattle
Tacoma
526,745
35,101
48,525
7,818
232,855
87,045
16,901
100,690
4,863
...
5,764
France.
708.001 377,722
25,883 18,398
....
19,783
1,004
Conti¬
...
_
Savannah
Brunswick..
Great
Britain.
_
----
^
Total.
Gulfport
..
Fair
Exported to—
3c. 1.50
Strict mid. fair
Great
Conti¬
Britain. Ft’nee nent.
1
_
185,875
74,601
54,674
83,991
5,496
15,700
.
.
214,884 46,966
94,037
17,842
7,760
44,276
932,233 2,017,956
98,000 142,281
16,975
16,975
365,551 1,078,171
40,942
150,641
40,180
143,379
7,818
435,448 752,294
95,881
188,422
100,195 117,096
175,994 292,381
1,258
6,121
;
.
113,596
10,247
30,704
15,538
375,446
57,339
27,882
57,339
27,882
4,254
427
_
........
..
289
100
153
289
100
153
Portland, Ore
Pembina
Detroit 1
Total.
nent.
4,254
200
600
104,284
56,306
59.814
427
20,974 8,716
on
| Middling
.c_
onjStrtct low.
mid
Middling fair.1
1.10 onjLow middling
Strict good mid
Good middling
Strict middling
0.66
0.44
0-22
0.60 off|MlddIlng tinged
0.25
1.05 offjstrlct low mid. tlng.0.60
1.75 off|Lod mid. tinged... 1.50
| Strict g’d mid. tgd.0.35 on | Middling stained
0.75
oil
off
ofT
on
oil
May 28 to June 3—
NEW
!
H.
1902.C
1901
1900
1899-_
9.31
8.25
9.00
6.25
6.50
7.75
7.75
7.25
.
_
1898
1897
1896
1895
i
MARKET
200
600
Mon.
H.
Tues.
Wed.
14.50
Thurs.
14.55
14.50
Fri.
14.90
YORK QUOTATIONS FOR 32 YEARS.
.14.90
.11.50
.11.50
.12.90
.11.25
8.50
_12.00
.11.50
_
middling upland cotton in the
for the past week has been:
Sat.
Middling uplands.
1910.C
1909
1908
1907
1906
1905
1904
1903
Basis | Good mid. tinged.c. Even
0.26 off|Strict,mid. tinged..0.15 off
onjstrlct good ord
onjGonl ordinary
The official quotation for
New York market each day
AND
1894.c
1893
1892
1891
Closed.
7.44 1886.C
7.88 1885
7.62 1884
8.75 1883
.12.44 1882
.11.12 1881
.10.00 1880
.11.44 1879.
.
_
.
_
1890
1889
1888
1887
SALES
Spot Market
-----
Total
1.3<0
-
9.25
.10,88
.11.56
.10.75
.12.06
.10.94
,11.81
-13.25
.
AT NEW YORK.
Futures
Market
Closed.
Sales of Spot and Contract.
Con-
Con¬
tract.
Spot. sum’ n.
45,095 74,785 2,165,893 871,183 2,563,017 5,600,093
Total.
'
Total 1908-09
J
28,956 6,301 24,023
59,280 3.371,817 995,966
In additiQn to above exports, our
3,590,99917,958,382
telegrams to-night also
give us the ,following ampunts of Cotton on shipboard, hot
cleared, at the ports^named. We add similar figures, for
New York.
Saturday._
Monday
Tuesday
Easy 80 pts dec
Wednesday Quiet 5 pts adv .r
Thursday i Quiet 5 pts dec.
Friday.-.- Quiet 40 ptsadv--.
_ _
_
Total
HOLIDAY.
HOLIDAY.
SteadySteady
Firm
Firm
25,500
7,077
5,890
15,904
51.441
39.500 65,000
2,400 9,477
"J ^
5,890
’
•vlA? LMM
CHUONICLE
June 4
highest, lowest and closing prices at
FUTURES.—The
follows:
New York the past week have been as
1
gif] Sp
AClosing Range. pril— Closing Range. March— H Closing Range. Dec.— SW? Closing Range. October— Closing Range. Sept.— Closing Range. Augst— Closing Range. July— Closing Range. June— Closing Range. May—
ft
AT THE INTERIOR TOWNS the movement—that is,
the receipts for the week and Since Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year—is set out
in detail below.
3S 1
>
£<%
cr?.
1497
IP
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THE VISIBLE SUPPLY OF
made up by cable and telegraph,
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05
1910.
June 3—
.bales
4.000
53,000
Total Great Britain stock...
Stock at Hamburg
Stock at Bremen
Stock at Havre
Stock at Harselllcs
Stock at Barcelona
Stock at Genoa
Stock at Trieste
.
or
i
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5,000
82,000
639,000 1.241,000
10,000
11,000
215,000
415,000
303,000
231,000
4,000
3,000
38,000
11,000
16,000
41,000
6,000
8.000
495.000
817,000
_
Egypt,Brazil, Ac.,aflt.for Europe
Stock In Alexandria, Egypt
Stock In Bombay, India.
Stock In U. S. ports
Stock In U. S. Interior towns
172,000
167,082
10,000
93,000
733,000
452,269
233,699
797
U. S. exports to-day.
94,006
259,236
31,000
150,000
434,000
507.820
264,001
7,599
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1908.
1907.
654*000 1,190,000
8,000
ioIooo
70,000
94,000
732,000 1.294.0P0
21,000
14,000
411,000
346,000
192,000
249,000
5,000
3,000
43,000
17,000
24,000
67,000
28,000
28,000
724.000
Pi .*•
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192,646
33,000
149,000
558,000
350,696
260,516
3,058
p
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248,000
200,705
41,000
106,000
753,000
437,356
242,238
4,409
ppp, pp p
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totals
Hie |ib6ve
show that the interior stocks have de¬
creased during the week 16,115 bales and are to-night 30,302
bales less than at the same time last year.. The receipts
at all the towns have been 6,639 bales less than the same
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.-—We give below a statement showiiig
the overland movement for the week and since Sept, 1, as
made Up from telegraphic reports Friday night. The results
foi* the week and since Sept. 1 in the last two years are as
follows:
1908—09—*—
1909-10
Since
Since
June 3—
Shipped—
Week.
Week.
Sept. 1.
397.867
5,485
.
Via
Via
Via
Via
Via
Rock Island
55
30.147
2,646
387
45,474
130,387
147,213
1.038
748
78,114
46,084
174,837
b
'
1,347
Virginia points
other routes, &c
2,987
13,959 1,023,512
Deduct shipments—
Overland to N. Y., Boston, &c__.
.
.
1,409
3,805
14,293 1,514,079
843
120
601
5,279
136,974
44,098
47,359
7,325
224.943
5,742
228,431
6,634
798,569
8,551 1,285,648
American—
Liverpool stock.
bales.
_
,
.
Total American
East Indian, Brazil, &c.—
M
Liverpool stock
_
-
__
.
2,653,708
118,000
134,000
10,000
14,000
91,000
248,000
41,000
106,000
753,000
46,000
_
172,000
10,000
93,000
733,000
Egypt,.Brazil, &c., afloat
Stock in Alexandria, Egypt
Stock In Bombay, India,
536,000 1,056,000
63,000
80,000
633,000
631,000
192,646
200,705
350,696
437,356
242,238
260,516
3,058
4,409
1 ,840,847 2,919,656 2,036.976
87,000
4,000
10,000
..
London stock
Manchester stock
Continental stock
India afloat for Europe,^
_
495,000 1,047,000
68,000
43,000
449,000
766,000
167,082
259,236
507,820
452,269
233,699
264,001
797
7,599
107,000
5,000
14,000
51,000
94,000
31,000
156,000
434,000
8,000
7,000
93,000
107,000
33,000
149,000
558,000
892,000 1,073,000 1,397,000
1 ,840,847 2,919,656 2,036,976 2,653,708
Total East India, &c
Total American
3,168,976 4,050.708
6.51d.
11.40C.
8 9-16d.
9.50d.
..,5Hd.
7 44d.
13.25c.
lid.
U.15d.
6Md.
5
fid.
Continental imports for the past week have been 46,000
Tinnevelly, Good, Liverpool
7d.
5 7-16d.
5 5-16d.
bales.
The above figures for 1910 show a decrease from last week
of 146,843 bales, a. loss of 815,809 bales, from 1909, a
decrease of 114,129 bales from 1908, and a loss of 1,054,861
bales from 1907.
*
Including movement by rail to Canada.
The foregoing shows the week’s net overland movement
has been 6,634 bales, against 8,551 bales for the week
last year, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago Of 487,079 bales.
.
.
-1908-09*Since
-1909-10Since
Sight and Spinners'
Takings,
Receipts at ports to June 3
In
Sept. 1.
6,996,658
Week.
58 706
Sept. %jh
9,553,730
8,551
South'n consumption to June 3__ 42,000
798,569
1.969,000
52,000
1,285,648
1,920,000
85,026
9,764,227
*16,115
150.536
Net
overland
Week.
36,392
to June 3
6,634
Total marketed
Interior stocks In excess
119 257
*38,579
79,678
1 ,155,000
Total visible supply.
,2 .995,847 3,811,656
7.94d.
5.83d.
Middling Upland, Liverpool
11.50C.
14.90c.
Middling Upland, New York---9d.
Egypt. Good Brown, Llverpool--15 l-16d.
ll.OOd.
7.75d.
Peruvian, Rough Good, Liverpool
5
7Hd.
Hd.
Fine,
Broach,
Liverpool—,v
,
Leaving total net overland*
263,148
110,844
56,237
57,862
2,837
3,887
Inland, &c., from South.
299.461
20,239
110,1*79
-H
Louisville
Cincinnati.
Sept. I.
622,288
5,897
1.341
172 153
'
.2,995,847 3,811,656 3,109,916 4,050,708
Of the above, totals of American and other descriptions are as follows:
Manchester stock,
Continental stock_
American afloat for Europe
U. S. port stock
IT. S. interior stocks
IT. S. exports to-day
•si
000*JOi»OOOo4JCDOOMO'MOs0^1taO*«JO,OSOO*t«6o4*4**a
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724,000
1,134,000 2,058,000 1,456.000 2.018,000
India cotton afloat for Europe..
Amer. cotton afloat for Europe.
0*:
i*V^iws,»
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Via St.. Louis
Total Continental stocks.
M
m®m<5»h»2®®m©m.*im®.
COTTON
582,000 1.154,000
.
m<*40o4*oo
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to-night, as
is as follows. Foreign
stocks, as well as the afloat, are this week’s returns, and
consequently all foreign figures are brought down to Thurs¬
day evening. But to make the total the complete fig¬
ures for to-night (Friday);
we add the item of exports
from the United States, including in it the exports of Friday
only.
Stock at Liverpool
Stock at London
Stock at Manchester
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Total In sight June 3.
North'n splnn’s takings to June 3_
*
— ... _
9,914.763
33,924
2,013,751
12,750,378
149,986
■
.
’• *y
-
-
12,909,364
27,772
2.560.261
Decrease during week.
Movement into
1905—June 9..
sight in previous years:
Since
Bates.
Week—
1908—June 6
1907—June 7.
1906—June 8
—
Sept. 1—
82,704 1907-08—June 6___
64,031 1906-07—June 7
88,154 1905-06—June 8_.
^..142,126 1904-05—June ,9
Bales.
10.697,056
12,871,356
10,373.460
...12,272,805
QUOTATIONS FOR MIDDUNG COTTON AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day
of the week.
1498
THE CHRONICLE
Closing Quotations
June 3.
Galveston
New Orleans
Mobile
Savannah
Charleston
Middling Cotton
or
on—
Sat'day.
Monday. Tuesday. Wed'day. Thursd'y. Friday.
14%
14%
14 15-16
14 9-16
14 13-16
14 15-16
14 9-16
14 13-16
14
14
14
14
11-16
11-16
9-16
13-16
14%
14%
14 %
14%
14%
14%
14%
14%
14%
15%
15%
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock
15%
15
15
15
15
15
14%
14%
14%
14%
14%
14%
15.30
14.50
14 %
14.55
15%
14,%
14%
14%
14.80
14.75
14%
14%
14%
14.%
14 %
13%
15.15
14 %
14.75
14%
14%
14%
14%
14%
13%
15
14%
14%
Ardmore, Oklahoma.—We have had rain on one day during
week, the rainfall being forty-five hundredths of an
inch.
Average thermometer 76, highest 94 and lowest 58.
Holdenville, Oklahoma.—There has been rain on two days
during the week, to the extent of fifty hundredths of an inch.
The thermometer has averaged 73, the
highest being 87 and
14%
14.50
14%
14%
the lowest 59.
Marlow, Oklahoma.—We have
13 %
Sat'day,
Monday, Tuesday, Wed'day, Thursd'y, Friday,
28. May 30. May 31. June 1.
June 2.
June 3.
Juye—
Range
—
@
—
—
@
—
—
@
—
—
@
—
@
—
14.40
—
—
Closing
14.64-.66 14.58
Range
Closing
14.77-.86 14.72-.79 14.19-.78 14.12-.47 14.19-.56
14.84-.85 14.78-.79 14.44-.46 14.38 — 14.55-.56
Range
14.38-.46 14.27-.43 13.63-.32 13.60-.89 13.51-.89
14.44-.45 14.29-.30 13.80- .87 13.74-.75 13.88-.89
*
July—
A ugust—
Closing
September—
14.24-.26 12.43
—
Range
Closing.
13.21-.33 13.20.24 12.78-.40 12.77-.86 12.60-.80
13.33.35 13.15.17 12.90- .92 12.81-.83 12.83-.85
Range
Closing
12.62-.70 12.55-.65 12.20-.58 12.15-.39 12.05-.30
12.69-.70 12.55-.56 12.34-.35 12.30-.31 12.29.30
October—
November—
Range
@
—
12.59
—
—
Closing
December—
Range
Closing
January—
Range
Closing
HOLIDAY.
—
Steady.
Steady.
Quiet.
Quiet.
Steady.
Quiet.
B’ly st’y Very st’v
4.33 inches.
Abilene, Texas.—There has been no rain during the week.
Thermometer has ranged from 64 to 104,
averaging 84. May
inches.
Brenham, Texas.—Rain has fallen on one day of the week,
the precipitation reaching six hundredths of an inch. Aver¬
age thermometer 79, highest 92, lowest 65.
May rainfall
5.03 inches,
r
Cuero, Texas.—It has rained on two days during the week,
the rainfall having reached one inch and eleven hundredths.
The thermometer has averaged 75, the
highest being 95 and
the lowest 55.
May rainfall 13.19 inches.
Dallas, Texas.r^-We have had no rain during the week.
The thermometer has averaged 78,
ranging from 56 to 100.
May rainfall 4.45 inches.
Fort Worth, Texas.—Dry all the week.
The thermometer
has ranged from 64 to 104, averaging 84.
May rainfall
5.67 inches.
Henrietta, Texas.—We had rain on one day the past week,
reaching fifty-two hundredths of an inch. Aver¬
age thermometer 82, highest 104, lowest 59.
May rainfall
the rainfall
3.67 inches.
.
Huntsville, Texas.—The
hundredths of
week’s rainfall has been fourteen
inch, on one day. The thermometer has
averaged 71, highest being 92 and lowest 60. May rainfall
an
3.82 inches.
Kerrville, Texas.—We have had
The thermometer has averaged 72,
no
rain the past
week.
ranging from 50 to 94.
May rainfall 2.71 inches.
Lampasas, Texas.—Dry all the week. The thermometer
has ranged from 56 to 98,
averaging 77. May rainfall
2.21 inches.
Longview, Texas.—It has been dry all the week. Average
thermometer 80, highest 97 and lowest 62.
May rainfall
4.97 inches.
Luling, Texas.—Dry all the week. The thermometer has
averaged 77, highest being 90 and lowest 64. May rainfall
3 inches.
Nacogdoches, Texas.—There
has been
week.
The thermometer has averaged
57 to 93.
May rainfall 8.52 inches.
day
on one
on one
an
week, the rainfall being thirty hundredths of
thermometer has averaged 73, the highest
day of the
inch.
The
being 92 and the
Vicksburg, Mississippi.—We have had rain on one day
during the past week, the rainfall being fourteen hundredths
of an inch.
Average thermometer 77, highest 89, lowest 63.
Eldorado, Arkansas.—Rain has fallen on two days of the
week, to the extent of one inch and five hundredths. The
thermometer has averaged 77, the highest being 93 and the
lowest 61.
Fort Smith, Arkansas.—We had rain on three
days the
past week, the rainfall reaching ninety-five hundredths of an
inch.
Average thermometer 77, highest 94, lowest 60.
Helena, Arkansas.—Farmers
there has been
a
are
little too much rain.
doing well, although
It has rained
two
on
days of the week, the rainfall being ninety-seven hundredths
of an inch, and there are indications of more rain.
The ther¬
mometer has averaged ^2.6, the highest.being 89 and the
lowest 58.
May rainfall 5.97 inches.
Little Rock, Arkansas.—Rainfall rather excessive, but
cotton is doing very well.
We have had rain on four days
of the week, the rainfall reaching one inch and
eighty-two
hundredths. The thermometer has averaged 75, ranging
from 61 to 89.
•
^Dyersburg, Tennessee.—Dry all the week. Rain has fallen
during the week, the precipitation reaching one inch and
fifty-seven hundredths. The thermometer has ranged from
53 to
85, averaging 69.
Memphis, Tennessee.—The
.
|
is progressing favorably.
We have had rain on two days of the week, the rainfall being
thirteen hundredths of an inch.
Average thermometer 73.2,
highest 86, lowest 61.6. May rainfall 3.02 inches.
Nashville, Tennessee.—There has been rain on three days
during the week, to the extent of one inch. The thermom¬
eter has averaged 64, the highest being 78 and the lowest 50.
Mobile, Alabama.—Fine weather in the interior. Cotton
is growing and developing well, but is about a week late in
most sections.
There has been rain on one day during the
week, the rainfall being eight hundredths of an inch. The
thermometer has averaged 78, ranging from 62 to 91.
Montgomery, Alabama.—Crop reports are favorable. We
have had no rain the past week.
The thermometer has
ranged from 59 to 90, averaging 75.
Selma, Alabama.—Nights are too cool for cotton, but where
it is worked out it is, however, growing nicely.
Corn is fine.
Rainfall for the week only a trace, on two days. Average
thermometer 74.5, highest 91, lowest 55.
Thomasville, Alabama.—Rain has fallen on one day of
the week, to the extent of twenty-seven hundredths of an
The thermometer has averaged 72, the highest being
inch.
crop
93 and the lowest 52.
no
rain the past
75, ranging from
Palestine, Texas.—Dry all the week. The thermometer
to 92, averaging 78.
May rainfall
has ranged from 64
5.75 inches.
Paris, Texas.—We have had no rain during the week.
Average thermometer 79, highest 101, lowest 57. May rain¬
fall 3.97 inches.Vi
!
■
San Antonio, Texas.—It* has rained on two
days during
the week, the rainfall .having reached fourteen hundredths
of an inch.
The thermocauter has averaged 79, the highest
■
being 96 and the lowest,62*f May rainfall 1.48 inches.,-
during the past week, the rainfall being fifteen hundredths
an inch.
Average thermometer 79, highest 90, lowest 68.
Shreveport, Louisiana.—It has rained on one day of the
week, the rainfall being twenty-six hundredths of an inch.
The thermometer has averaged 83, the highest
being 94 and
lowest 54.
TELEGRAPH.—Telegraphic
us
2j.l0
day the
averaged 76, the highest being
Meridian, Mississippi.—It has rained
Steady.
reaching jthirty-six hundredths of an inch. The thermometer
has averaged 78, ranging from 70 to 86.
May rainfall
rainfall
on one
Columbus, Mississippi.—There has been rain
this evening from the South indicate that where
rain has fallen during the week it has been to the benefit of
cotton, and that temperature is becoming more seasonable.
Our correspondents as a rule, including those in
Texas, refer
to the ctfdp as doing well.
Galvestpn, Texas—The cotton crop is doing well. There
has been light rain on two days during the week, the rainfall
reports to
Oklahoma, Oklahoma.—We have had rain
past week, the rainfall reaching twelve hundredths of an inch.
Average thermometer 73, highest 90, lowest 57.
Alexandria, Louisiana.—There has been no rain the past
the past week, the rainfall reaching twenty hundredths of an
inch.
The thermometer has averaged 74,
ranging from
54 to 95.
Nominal.
WEATHER REPORTS BY
59 to 91.
the lowest 72.
—
—
Steady.
Steady.
day of the
of
12.58 —
12.48 12.17.39 12.17-.29 12.02-.14
12.58-.60 12.43-.44 12.24-.26 12.20-.22 12.20.22
Spot
Options
on one
Amite, Louisiana.—We have had no rain during the week.
The thermometer has averaged 77, ranging from 59 to 94.
New Orleans, Louisiana.—We have had rain on one
day
12.52.57 12.41-.42 12.13-.43 12.05-.26 11.98-.18
12.56-.57 12.49.51 12.22-.23 12.18.19 12.17-. 18
Tone—
had rain
week, the rainfall reaching one inch and seventy-four hun¬
dredths.
The thermometer has averaged 75,
ranging from
week.
The thermometer has
94 and the lowest 58.
@ —
@ — 12.06-.26 12.20
12.44-.46 12.25.27 12.23-.25 12.22-.25
—
Taylor, Texas.—Dry all the week. The thermometer has
averaged 80, ranging from 64 to 96. May rainfall 2.04 inches.
Weatherford, Texas.—Dry all the week. The thermometer
has ranged from 65 to 105,
averaging 85. May rainfall
the past
NEW ORLEANS OPTION MARKET. —The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
May
LXXXX
5.83 inches.
14%
Wilmington
Norfolk
Boston
Baltimore
[VOL.
,
r
Madison, Florida.—There has been rain on one day the
past week, the rainfall reaching eighteen hundredths of an
inch.
The thermometer has averaged 79, ranging from
62 to 96.
Tallahassee, Florida.—Dry all the week. The thermom¬
ranged from 63 to 92, averaging 77.
Atlanta, Georgia.—There has been rain on one day of the
week, the precipitation being six hundredths of an inch.
Average thermometer 70, highest 84, lowest 55.
f ' Augusta, Georgia.—Rain has fallen on one day of the week,
to the extent of sixty-eight hundredths of aii
,ihcb. The
thermometer has averaged 73, the highest being 89 and the
lowest 56.
.--v-i
*. .j".
\aUreter has
:
.
THE CHRONICLE
June 4 1910. |
Savannah, Georgia.—There has been no rain during the
averaged 75, ranging from 60
May rainfall 1.17 inches.
Washington, Georgia.—Rain has fallen on one day during
the week, the precipitation reaching eighty-two hundredths
of an inch.
The thermometer has ranged from 51 to 91,
averaging 71.
Charleston, South Carolina.—We have had rain on one day
the past week, the rainfall being sixty hundredths of an inch.
Average thermometer 76, highest 92, lowest 60.
Greenville, South Carolina.—It has rained on two days
of the week, the rainfall being sixty-two hundredths of an
inch.
The thermometer has averaged 66, the highest being
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
The thermometer has
week.
to 91.
84 and the lowest 48.
Greenwood, South Carolina.—There has been rain on one
day during the week, the rainfall reaching thirty-six hun¬
dredths of an inch.
The thermometer has averaged 70,
ranging from 50 to 91.
Spartanburg, South Carolina.—We have had rain on two
days during the week, the rainfall being twenty-five hun¬
dredths of an inch.
The thermometer has ranged from
47 to 93, averaging 70.
Charlotte, North Carolina.—Warm nights needed with occa¬
sional showers.
We have had rain on one day of the past
week, the rainfall reaching nine hundredths of an inch.
Average thermometer 68, highest 85, lowest 54.
Greensboro, North Carolina —We have had no rain the past
The thermometer has averaged 68, the highest being
week.
Week.
Visible
Total supply
Raleigh, North Carolina.—There has been no rain the past
thermometer has averaged 66, ranging from
COTTON
ACREAGE REPORT.—In our editorial col¬
will be found to-day our annual Cotton Acreage Report,
with an account at length of the condition of the
each section of the South.
The report has been
in circular form, and the circulars may be had in
with business card printed thereon.
plant in
prepared
quantity
FARBER-DREWRY COLAWRENCE & COWILLIAM ISELIN & CO.,
G. A. STAFFORD & CO-
HARDING, TILTON & CO.,
CROP.—Fr. Jac. Andres Incor¬
porated, of Boston, have the following from Alexandria
under date of May 13:
s
Our reports from the Interior, which come from very good authority, are
optimistic as those recently given out by the Alexandria General
The temperature throughout upper and lower Egypt
Produce Association.
was far from favorable during the last few days.
The weather was too cold
for the plants.
Rains are reported In Charkleh.
not as
INDIA COTTON MOVEMENT FROM ALL PORTS.
June
2.
1909-10.
Week.
Bombay
Week.
Sept. 1.
47,000 2,975,000
Great
Conti-
Britain.
nent.
‘
Since
Week.
Sept. 1.
37,000 1,752,000
For the Week.
Exports
from—-
1907-08.
1908-09.
Since
Receipts at—
Siiice
Sept. 1.
45,000 1,826,000
Japan
dkChina Total.
Conti-
Japan
nent.
A China.
Total.
Bombay—
1909-10..
1908-09..
1907-08..
Calcutta—
1909-10..
1908-09..
1907-08..
Madras—
1909-10..
1908-09._
1907-08..
All others—
1909-10..
1908-09..
1907-08-.
39,000
12,000
15,000
39,000
12,000
15,000 30,000
90.000
21,000
21,000
875,000
540,000
544,000
2,000
1,000
1,000
2,000
1,000
1,000
3,000
3,000
37.00C
37,000
19,000
41,000
30,000
15,000
81,000
71,000
37,000
1,666
4,000
3,000
5,000
11,000
19,000
25,000
1,000
5,000
6,000
27,000
1,000
5,000
8,000
9,000
7,000
24,000
15,000
14,000
251,000
207,000
185,000
3.000
45,000
-----
Total all—
1909-10..
1908-09..
1907-08..
4,000
„
1,000
-
_
;
.
1,000
7,000
4,000
6,000
1,000 48,000
17,000
1,000 22,000
_
_
_
_
49,000
22,000
16,000 39,000
...
5,doo
121,000 1,174,000
43,000
803,000
43,000 773,000
782,000 1,747,000
583,000 1,144,000
305,000 870,000
26,000
16,000
36,000
278,000
267,000
225,000
827,0002.122,000
663,0001,509,000
352,0001,168,000
ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria. Egypt,
June 1.
1908-09.
1907-08.
12,000
6,645,160
22,000
7,054,232
This
Since
v Week. Sept. 1.
This
Since
Week. Sept. 1.
Since
This
Week. Sept. 1.
1,500 145,231
116,626
2,866 276,037
■\i;; 50 58,654
178,465
9,750 195,840
3,500 313,080
76,465
1,750 211,972
189,335
e'ood 323,145
4,050 596,546
13,250 763.850
8,050 786,550
1909-10.
Receipts (cantars)—
This week
Since Sept.
__
1
Exports (bales)—
To
To
To
To
’
Liverpool
Manchester
Continent.
America_
Total exports
5,500
4,892,983
’
to-night from Manchester states that the market is
for both yarns and shirtings. The demand for
is good.
We give the prices for to-day below and
yarns
leave those for
_
,
previous weeks of this and last year for
comparison:
1909.
1910.
Col’n
Mid.
85* lbs. Shirt32* Cop
Twist.
inns,
to
d.
B.
common
Upl’s
finest.
d.
8
15
22
29
105*
@
109-16®
115* 5
115* 5
75*@10 3
75*@ 10 3
@
@
115* 5
115* 5
75*@10 3
7 5*® 10 3
105*
105*
10U-16@117-16
10 J*
115*
@
@
115*
10J*
10H @
115*
105*
@
@10
@10
85*@ 10
85*@ 10
8
115* 5
7.94 75*
@ 85*
85*
85*
@
85*
@
4
4
4
4
8
8
7
7.95
8.18
8.04
8.04
@ 8 85*
@
85*
85*
@
85*
@
4
4
4
4
d.
7.92 75*
7.81 75*
7.87 75*
45*
6
6
6
8
9
5
5
5
5
d.
d.
May
6
13
20
27
J’ne.
3
d.
s.
d.
s.
Apr.
75*
75*
75*
8
7.94 8
@10 5
@
300
MENT TO JUNE 1.—Below we
85* 4
8.
75* @8
@8
@8
@8
.bales.
.
.
.
Northern
_
_
__________
—
Southern consumption to June 1
Overland to Canada for 9 months (In¬
cluded In net overland)
Burnt North and South in 9 months—
Stock at North. Interior markets June 1
Came In sight during May
_
Amount of crop
Came
In
In
sight' June 1
~
75*
5.53
75*
5.49
9
@8 105*
5.54
5.78
5.85
5.88
9
@8 105*
5.83
75*@8
8 5* @8
9
85*@8 10
MOVE¬
1907-08.
75,496
1,017,096
31,735
796,237
248,241
6,978,620
283,465
64,963
1,025,299
51,145
802,473
236,807
9,512,304 -7,844,341
274.587
465,671
5,580,716
7,913,975
462,617
521,644
2,543,232
1,886,000
6,937,433
376,543
1,616,413
1,791 ,ooa
108,598
96,207
2,002,085
1,948,000
101,483
1,915
13,387
340,976
89,809
1,507,700
70,718
1,280,343
429,491
•
W.73I
18,364
349,952'
549,648
12,858,947
10,642,814
9,877,857
■
'
9§9,015
969,899
Average gross weight of bales.——
Average net weight of bales
ACREAGE
5.27
5.54
1908-09.
13,828,846 11.581,829
______
COTTON
6
75*
75*
1909-10.
sight balance of season
Total crop
d.
present a synopsis of the
.
spinners’'takings to June 1
Vpl’s
d.
of May and the nine months
crop movement for the month
ended May 31 for three years.
_
Cot’n
Mid
85* lbs. Shirttugs, common
to finest.
32* Con
Twist.
506.20
_
482.20
513.83
489.83
ESTIMATES.—Under
509.21
,v 486.21
date
of
May 31 Messrs. Latham, Alexander & Co. issued their annual
estimate of cotton acreage.
The estimate is based upon
replies of average date of May 20, and makes the average in¬
crease in acreage 3.3%, the area this year being placed at
approximately 33,406,000 acres.
estimate the increase at 4%.
Messrs. A, Norden & Co; . .
AGRICULTURAL DEPARTMENT REPORT ON ACRE¬
AGE, &c.—The Agricultural Department at Washington
Since September. 1.
Great
Britain.
Brazil,*Smyrna, West Indies, &c.
MARKET.—Our report received by
in Europe from
Embraces receipts
Exports in May
Exports In 9 months
Port stocks on May 31
J. SPENCER TURNER CO..
IARS ds CO.
3,811,656
282.336 14,180,69a
201.336 10,966,69a
81,000 3,214,00a
276,254 13,065,938
208,754 9,515,938
67,500 3,550,000
MANCHESTER
quiet
2,995,847 3,811,656
2,995,847
.
The business cards also of a large number of representative
cotton commission and brokerage houses of New York and
other cities will be found in the paper.
"
.
_
Gross overland for May
Gross overland for 9 months
Net overland for May
Net overland for 9 months
Port receipts In May
Port receipts In 9 months
are—
COTTON
3,000
3,272,101 16,061,785 4,093,992 17,992,346
Total takings to June 3
Of which American
Of which other
cable
375,000
652,000
214,000
500
—
1,714,982
79,678 12,909,364
37,000 1,952,000
365,000
10,000
886,GOO3,000
165,000
1,000
COTTON CONSUMPTION AND OVERLAND
THIS WEEK’S ISSUE OF THE “CHRONICLE” con¬
tains our annual June report of Cotton Acreage and Condi¬
tion June 1 1910, and in this connection we publish the cards
of a number of the leading dry goods commission merchants
and mill selling-agents in the country.
Those represented
WOODWARD, BALDWIN & CO.,
FLEITMANN & CO.,
CATLIN & CO..
L. F. DOMMERICH & CO.,
WILLIAM WHITMAN & CO.,
BLISS, FABYAN & CO.,
WELLINGTON, S
1,931,022
9,914,763
2,975,000
68,911
47,000
10,000
—
Season.
Week.
3,964,314
--
.
June 3
d.
week.
The
48 to 84.
EGYPTIAN
supply May 27
.
*
Season.
3,142,690
Visible supply Sept. 1
American In sight to June 3
Bombay receipts to June 2. _
Other India shlp’ts to June 2
Alexandria receipts to Jpne 1
Other supply to June 1*
Deduct—
Visible supply
1908-09.
1909-10.
Cotton Takings.
Week and Season.
88 and the lowest 48.
umns
1499
62,998
issued on June 2 its report on cotton conditions, and acreage
as follows:
The Crop-Reporting Board of the Bureau of Statistics of the Department
of Agriculture finds, from reports of correspondents and agents of the
Bureau, that the area planted to cotton in the United States this season.
(1910), Including that already planted and expected to be planted. Is about
102.8% of the area planted to cotton last year, equivalent to about 33,196,000 acres, as compared with 32,292,000 acres. Indicated by the Bureau’s
revised estimate of last year’s planted area an Increase of about 904,000
acres, or
2.8%.
growing crop on May 25 was 82% of a normal
condition, as compared with 81.1% at the corresponding date in 1909 and
80.9% the average condition for the past ten years on May 25.
The following table shows, by States and for the United States, the
estimated area In cotton in 1910, as compared with the area planted Irt
1909, and the condition of the growing crop on May 25 of 1910, 1909 and
the average for the past ten years:
'
Rev. Figs. In- P.C.
Area >
dicating Acres ComPlanted
Condition
Planted
pared •<
May 25
in
with
in
1910.
'
10- Yr_
States—
1909.
1909.
Acres.
1910. 1909. Aver*
26,000
34,000 90
.86
Virginia
130
85
North Carolina
1,420,000
104
1,477,000 84
83
83
South Carolina
2,550,000
102
82
2,601,000 78
83
Georgia
4,763,000
101
4,811,000 81
84
82
Florida
250,000
108
270,000 84
91
87
Alabama
3,570,000
88
102
3,641,000 83
80
Mississippi.
3,450,000
96
80
3,312,000 82
78
Louisiana
1,089,000 76
1,100,000
99
74
80
Texas
10,100,000
104
10,504,000 83
78
78
Arkansas.
2,375,000
103
2,446,000 81;
84
82
Tennessee.
754,000
103
777,000 86
85
83
Missouri
:
105
88,000
85
84,000
87
93
Oklahoma..
84
1,850,000
115
2,128,000 84
84
California
18,000
90
-The condition of the
...
_
_
___
_
_______
United States
32,292,000
--
___
102.8
SHIPPING NEWS.—As shown
33,196,000
on a
82.0
81.1
80.9
previous page, the
exports of cotton from the United'States the past week have
r&aehfed 74,785 bales.
The shipments in detail, as made
up from mail and telegfaphic?£etu£hsy are as follows1:
J
*1
THE CHRONICLE
Total bales.
NEW YORK—To Liverpool—May 27—Carmanla, 4,418 upland,
50 Sea Island; Cedric, 13,965 upland
..18,433
To Manchester—May 27—Canning. 1,350
1,350
To Havre—May 28—Chicago, 1,703; Niagara, 3,879 upland,
182 foreign
;
5,764
To Bremen—June 1—Prinzess Alice, 7,307
7,307
To Hamburg—May 31—President Lincoln, 1,300
1,300
To Antwerp—May 28—Kroonland, 100
100
To Genoa—May 27—Barbarossa, 200
200
To Naples—May 27—Barbarossa, 300
300
GALVESTON—To Bremen—June 1—Montauk, 792
792
To Genoa—May 27—Richmond, 6,267
6,267
_
T._,
.
.
....
_w.
NEW ORLEANS—To Belfast—June 2—Malln Head, 1
1
To Havre—May 27—California, 478...May 31—Indian, 2,474.. 2,952
To Bremen—May 31—Indian, 8,195.
8,195
To Hamburg—June 2—Istrla, 2,947
2,947
To Rotterdam—May 30—Metis, 300
300
To Barcelona—May 28—Pio IX., 1,824
1,824
To Guatemala—June 2—Fjell, 50
50
To Mexico—June 3—City of Tampico, 5
5
MOBILE—To Hamburg—May 28—Thedor Wille, 1,550
1,550
SAVANNAH—To Bremen—June 1—Mystic, 2,951
2,951
TO Hamburg—June 1—Mystic, 550
550
WILMINGTON—To Bremen—May 27—Brantingham, 8,965.
8,965
BOSTON—To Liverpool—May 31—Zeeland, 1,004
1,004
BALTIMORE—To Liverpool—May 19—Vedamore, 186
186
To Bremen—June 1—Cassel, 950
950
SAN FRANCISCO—To Japan—May 31—Tenyo Maru, 289
289
TACOMA—To Japan—June 2—Gy meric, 153
153
SEATTLE—To Japan—May 28—Seattle Maru, 100
100
Total
_74,
...
—
„
LIVERPOOL.—By cable from Liverpool
have the fol-
we
lowing statement of the week's sales, stocks, &c., at that port:
May 13.
Sales of the week
bales. 50,000
Of which speculators took..
1,000
May 20.
36,000
300
800
300
48,000
5,000
60,000
658,000
34,000
7,000
54,000
636,000
585,000
44,000
29,000
540,000
39,000:
17,000
103,000
68,000
99,000
Of which exporters took
Sales, American
Actual export
Forwarded
Total stock—Estimated
Of which American..
Total Imports of the week
Of which American
Amount afloat
Of which American
„„
•
May 27.
35,000
1,000
552;000
Spot.
Market,
12:15
P. M.
Saturday.
f
1
J
Moderate
demand.
63,000
495,000
29,000
56,000
81,000
57,000
84,000
55.000
Liverpool market for
as
closing prices of
■.
Tuesday.
Fair
business
Fair
business
.
■
„
Wednesday. Thursday.
Good
demand.
doing.
.doing.
8.12
8.10
7.95
7.95
*-
7,000
10,000
Spec.&exp.
500
10,000
500
10,000
300
12,000
500
1,500
1,000
Sales....
Called
Futures.
Market
•pened
Market,
4
P. M.
/
Quiet,
3*@ 2 pts.
advance.
1,000
Quiet,
2 points
advance.
1 Quiet,uncb.
to; 43*
Quiet at
J
pts. adv.
pts. adv.
Fair
business
doing.]
Quiet
2@ 3 pts.
Easy at
,
33*@53*
decline.
pts.
dec.
B’ly st’y at
Easy at
23*Pts.adv. 7@ 13 pts.
1@23*
to 103*pts.
decline.
-
.
decline.
7.94
8,000 1
500
1,000
Steady at
33* pts.
Steady at
5@6 pts
advance.
advance.
Steady at
2@ 4 3*
Steady at
9@ 14 pts.
pts. dec.
advance.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of upland,
good ordinary
dause, unless otherwise stated..
,
The prices are Qiten in pence and 100ths.
May 28
Sat.
June S.
12 3*
p.m.
Mon.
12 3*
p.m.
Tues.
May
May-June
June-July
July-Aug.
Aug .-Sept
Sept .-Oct.
Oct.-Nov.
Nov.-Dee.
Dec.-Jan
.
Jan .-Feb
.
Feb.-Mch.
Mch.-Apr.
Prices for
7
7
7
7
7
6
6
6
6
6
6
6
Wed.
means 7
■'
84-100tf.
Fri.
Thurs.
12 3*
4
12 3*
4
4
4
123*
12 3*
4
123*
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
<-
d.
Thus, 7 84
d.,
84
74
68 3*
63
3 7 3*
94 3*
73 3*
64 3*
62 3*
61
60
59
d.
86
4.
'
!
d.
,id.
86 3* 84 3*
763* 763* 793* 74 3*
7\r
70
71
65 3*
65
65
64;
59 3*
393* 38 3* 37
30 3*
96 3* 95 3* 94
87 3*
75 3* 74 3* 72 3* 66
66 3* 65 3* 63 3* 56 3*
64 3* 63 3* 61 3* 54
63
62
60
52 3*
62
61
59
513*
61
60
58
50 3*
d.
d.
d.
d.
64 3* 61 3* 65
58 3*
57
53
57
51
50 3* 46 3* 50
44
22
17 3* 213* 153*
81
78 3* 82
75
60
58
61
54
51
45
493* 52
48 3* 46 3* 49 3* 42 3*
47
45
48
41
46
44
47
40
453* 43 3* 46 ' 39
BREADSTUFFS.
Friday, June 3
wheat
flour
have
declined
on
most
d.
63
56
49
20
78
57
48
46
44
43
43
d.
3* 72 3*
64 3*
3* 57 3*
3* 28
3* 84 3*
3* 63
3* 54
51 3*
3* 50
3* 49
48 3*
LXXXX.
too cold and dry.,
On Thursday, June 2, there were
complaints of cold rains, snow and light to heavy frosts in
parts of the Northwest. Sales of flour at Minneapolis have
considerably increased. Some complaints are heard of
depredations of Hessian fly in Ohio and Indiana. But ah
ideal season is as rare as the ideal anywhere
else, and, despite
its absence, the world raises big
crops.
The rains and snows
at the Northwest have been beneficial.
The belief is spread¬
ing that the harvest in this country will be bountiful. It is
noticed that rallies in prices are followed, by sharp breaks.
The Canadian acreage is estimated in some
quarters as 10 to
35% larger than last year. In the Southwest the weather
has been favorable and an early
marketing of new wheat is
expected. Exports are light. To-day prices advanced on
cold weather at the Northwest and
covering of shorts, to¬
gether with some commission-house buying. Later there
was a decline on
selling by elevator interests, dulness on
the spot, liberal receipts, favorable
crop reports from the
Southwest and liquidation.
was
DAILY CLOSING PRICES OF WHEAT FUTURES IN
NEW YORK.
Sat.
Mon. Tues.
Wed. Thurs. Frij
107 3*
105 3* 106
105 X 105 X
July delivery in elevator
101 % Holi- 100
101X 100 3*
99 X
September delivery In elevator
98 3* day.
96 Ji
96 X
98 X
96 X
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
•;
5
Sat.
Mon. Tues.
Wed. Thurs. Fri,
July delivery in elevator
93 X
93 3*
94 h
92 X
92
September delivery In elevator
91 3* Holi91
92 H 90 H
90 H
December delivery in elevator
91 % day.
91
90 H
89 J*
X
89 H
.
No. 2 red
•
Indian com futures have been irregular, feeling
the de¬
pressing effects at times of weakness in wheat, but of late
the tone has been stronger, as a rule,
owing to continued
cold and wet weather in many sections of the com belt.
These conditions are delaying the completion of seeding
and replanting, and retarding the growth,
and reports are
numerous to the effect that unless improved weather sets
in shortly the crop will get a late start.
Sales of old corn
by tne country have decreased and cash prices' have advanced
at .tlie.^esi.
Tp-day prices advanced early on reports pi
continued cold, wet weather, buying by cash interests and
commission houses and covering of shorts.
Later there
was a decline on bearish pressure and
liquidation.*
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
NEW YORK.
:
Sat.
Mon. Tues.
Wed. Thurs. Fri.
Cash cdrn_____
65**
64X
66
66X 663*
July delivery In elevator:.
66 3* Holik
66 X
673* 67 M
67)4
September delivery In elevator
66 X day.
66X
673*** 67 X 67 3*
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
.
.
_
1,000
...
Friday.
Good
demand.
8.11
Mld.Upl'ds
23,000
and futures
follows:
Monday.
85,000
582,000
638,000
each day of the past week and the daily
spot cotton have Been
*58,000
2,000
2,000
60,000
Includes 6,000 bales of called American cotton.
The tone of the
*61,000
2,000
1,000
33*666
74,000
v
June 3.
[VOL.
__
_
July delivery In elevatorSeptember delivery In elevator
December delivery in elevator-
Sat.
56 3*
X
57 3*
55 3*
-
-
Mon.
Tues.
Wed. Thurs. Frij-58
58 3*
583*
59 o
58 3*
583*
55 3*
563*
56>*
573*
Holi¬
58
55
day.
3*
3*
Oats for future delivery in the Western market have shown
or less irregularity, influenced ^ on the one hand
by
weakness in wheat and favorable crop reports, and on
the other by the firmness of com at times and some fear of
more
damage to
prevailing
purchased
stronger.
early and1
the
new plant by abnormally low temperatures
in many sections. Elevator interests have
July. The cash market at the West has been
To-day prices fluctuated with com, advancing
declining later. Shorts covered and there was
commission-house buying.
On the other hand crop
some
new was
favorable and cash interests sold.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
^
'
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Natural white
44-46 Holt- 43-45
42-45
42-45
42-45
White clipped
.44-49 day. 43-473* 43-473* 43-473* 43-,473*
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGp.
Sat.
Mon. Tues.
Wed. Thurs. Fri.
July delivery in elevator,
36 3* 36 3*
37
36 X
36 X
September delivery la elevator.
35 3* Holi35 3*
35 H
353*
35 H
December delivery la elevator
r_ 36
day. 35** 36 H 36 3* 36 X
The
following
are
closing quotations:
93 00 (s b$3 50 Kansas straights, sack .94 50<E b 94 75
5 30$b 5 50 Kansas clears, sacks.
4 00$ b 4 40
4 50 (jb 4 75 City patents
6 60$b 6 80
4 00$ b 4 40 Rye flour
3 85$9 4 50
.
.
-
Spring patents
5
4
4
25$
70$
.
b
b
5 45
5 00
00$ b 4 50
Graham flour
Corn meal, kiln dried.
.
.
4 15$9 4 25
..3 20
GRAIN.
1910.
grades,
Wheat,
per
bushel—
Corn,
N. Duluth. No. 1.
61 09 3*
N. Duluth. No, 2
1 07 M
Red winter, No. 2—f.o.b. 1 05 3*
Hard winter. No. 2
Nora.
Oats, per bushel—
Cents.
Natural white
42
@45
White clipped
43
@47 3*
Mixed
Nominal
per
bushel—
Cents
66 3*
f.o.b. Nominal
_f.o b. Nominal
No. 2 mixed.;
No. 2 yellow
No. 2 white
elev.
owing to the fall in wheat quotations. Besides, trade has
Rye. per bushel—
continued dull here, and the same is true of most of the mar¬
No. 2 Western
f.o.b.
84
State and Jersey
kets of the country.
Nominal
At Minneapolis, however, large sales
60 X@643*
Barley—Malting
have been reported of late, partly for export to
Feeding, c.l.f.,N.Y.
Nominal
Europe.
There has been an increased inquiry here for new Kansas
The statements of the movement of breadstuff’s to market
flour, but, as already intimated, actual sales have been very indicated below are prepared by us
from figures collected by
small.
Rye flour and corn meal have been quiet.
the New York Produce Exchange.
The receipts at Western
Wheat has declined, mainly owing to a better crop outlook lake and river
ports
for
week
the
ending
last Saturday and
and very large liquidation.
At times there have been rallies since August I for each of the last three
years have been:
at the expense of a somewhat inflated short
interest, but in
the main the tone has been depressed.
Wheat.
Corn.
Not so much so as in Receipts at,— Flour.
Oats.
Barley.
Rye.
the previous week when liquidation and breaks in
prices
bbls.lOSlbs. bush. 60 lbs. bus
53 lbs. bus'i. 32 lbs. bushA&lbs. 6a.56 lbs.
reached sensational limits, but for all that the
128,737
636,400
1,255,050
prestige of the Chicago
1,800,000
384,200
19,000
54,450
bulls has been almost destroyed.
35,010
76,840
132(600
156,000
7,140
Powerful Western inter¬ Milwaukee..
Duluth
8,055
162,278
43,440
158,220
327
202,340
ests are working for lower prices, and the
1,185,720
improving crop Minneapolis.
222,740
198,020
309,480
21,890
Toledo
outlook both at home and abroad has
51,500
113.800
58,250
4,000
unquestionably op¬ Detroit
3 ,491
9,176
18,553
erated in their favor.
At times during the week prices, as Cleveland
6,228
4,327
40,889
62,801
1,407
39,650
111,140
already noted, have taken an upward turn, led by advances St.. Louis.
459.800
374,400
2,600
*5,665
Peoria
48,900
7,000
303,301
in Liverpool of anywhere from 2d. to 3d., and rather
290,700
34,800
5,500
Kansas City.
255,150
sharp
238,700
79,500
raUies
*
r
.
t.
„
.
'
•'
--
in soriie of the Continental markets coincident with an
estimated decrease in Argentine shipments, some
falling off
in
offerings from Russiat and covering of shorts, which has
latterly been a yr0rld-wide mqvehient. Also, the cash de¬
mand hi this cototiy has somewhat increased, notably, at
Chicago, St. Lotus and IVfthheapQ%. At times, too, there!
have been complaints that the weather1 at the Northwest
Tot.wk.'lOi
Same wk. '09
Samewk. '08
289,511
363.865
316,665
2,511,545
1,486,693
2,154,274
2,768,739
4,676.107
;
3,702,530
!
,
•
■
*
3,169,044
3,307.919
1,090.827
2,438,723
687,673
62.857
24,738
472.705
73,360
Since Aug. 1
1909-10.
17.599.046 227.447,966 165.769,797 69,771,179 72,967.945 6,324,608
1908-09... 17,297.041 203,654,113 126,828,001 143,858,154 75,743,421
5,915,473
1907-08... 15,553,985 193,751,972 158,110,166 165,184,115
58,284,961 6,231,747
..
~*v*'
r'i!l
‘
.....
i
.THE CHRONICLE
Juke 4 191,0.
%
Wheat,
Flour,
' bbls.
148,623
35,038
New York
Boston
Philadelphia
40,621
Baltimore
Richmond
New Orleans*
Newport News
36,657
2,411
13,434
5,249
Galveston
Montreal.
35,758
Oats,
Com,
bush.
34,875
35,200
13,994
39,889
81,854
190,800
20,897
15,000
41,465
11,500
1,117,284
‘f.
*
*
343,125
112,250
72,236
46,087
45,000
98,500
16,575
672,159
14,682
V,66o
881
Flour,
Oats,
bbls.
bush.
1 1,881
356,629
2,574
than it
6,644
250,563
153,364
56,669
28,145
24,000
2,100
21,133
Boston
Philadelphia
78,000
Baltimore
New Orleans-—
17,000
47.442
406,794
1,200
66,500
20,897
Newport News
81.686
28,976
80°
5,249
2,233
87,000
219,000
243,033
’ 6.845
Galveston.
Montreal
1,154,000
llV.OOO
Total week
Week 1909
1,954.414
2,484,104
426,849 263,958
.79,551 208,707
The destination of these
July 1 1909 is
Wheat
;
July 1
1909.
bbls.
Exports for week and May 28.
since July l to—
bbls.
.
74,287
....
Sin ce
JiAy 1
1909.
Week
July 1
May 28.
1909.
biish.
buSh.
bush.
.....
,
J
5
-
f
171,084
T
w..
.
A
■
1,991,575
16,955
J-.'-..
....
989
"• •••-‘54,887
30,372
79,551
30,849,613
Vt
j
'-i
1-
«
^
1
The world's shipments of wheat and corn for the ^ek
ending May 28 t91fl and since July 1 1909 and 1908 are
"
Wheal.
1909-10.
Exports.
Corn.
1908-09.
Week
Since
May 28.
July 1.
1909-10.
Since
Since
Since
July 1.
May 28.
July 1.
July 1.
Bushels.
Bushels.
Bushels.
Bushels.
North Amer. 3.442,000 131,480.000 156,987,700
Russian
3.680.000 200.952,000 73.400,000 722.000
....
Danubian
18.786,000 33.480,000 1,105,000
55,004,000 104,748,000 935,000
38,044,000 32*006*000
552,000
1.648.000
Australian..
664,000
Oth. countr’s
936,000
Argentina
..
..
Bushels.
39.337.400
19,039,500
27,061,500
62,450,000
62,264,500
dence.
corn
afloat for Europe
.V
on
dates
7
United
Tqtdl.
Other
China
* Kingdom.,
tS.440,^
V', h |
visible
Continent.
New York
Boston
fftlUttlelPbia
.....
Baltimore....
New Orleans
bush.
bush.
488.000
380,000
79,000
12,000
364,000
130.000
10,000
Gahreston.-
65,000
1,228,000
264.000
167,000
Buffalo.
Toledo
Detroit
Cfeleago-.
Milwaukee
165,000
"
98,000
585,000
182,000
7,000
il,.
V”
Pott Arthur,
.
Other Canadian
Total May 28 1910.
Total May 21 1910.
|
T^May*9J909-
648,000
170,000
31,000
200,000
108,000
.
.
.
.
.
26,000
—
104,000
;.8,ooo
14,000
22.000
44KK)
117,000
165.000
485.000
212,000
6,000
656,000
83,000
V7.666
6,905,000
518,000
573,600
1,661,000
2.152.000
235,000
1.’300.000
Rye.
bush.
Barley,
bush.
173,000
7.Q00
103,000
Rye,
Barley,
7,416,000
7,463,060
stocks:
Cam,
^-Oats,
bush.
Musft.
'bush.
640,000
83,000
368,000
6.358.000
7,883,000
5,100,000
83,000
128,000
868,000
533.000
256,000
13,000
SUMMARY.
25,000
30,000
‘fi
•Ctfm,
\
Oats,
bush.
173,000
105,000
bush.
bush.
5.490,000
aULti-i;,
'$$8*000
Total
Total
491.000
1,913,000
5,573,000
7,773:000
518,000
i Total
(4,867,000
T/SIWDDO
7,949,000
573,000
242:000
83,000
6.689,000
bush.
6,905.000
1
T7I9.006
ubush.
1,661,000
JIS
473
i.;
t.
.3,630
98,0.49
4.26?
159*367
Jan. i has been
disposition to cover future requirements in staple
but the volume of such business was not large. The
more
'666
M* t ■ r
.20,133.000
6,358,060
bush.
488,000
484,000
Wheat,
Wheat,
Amerlcan
Barley,
'30,666
20,000
723
6/266
21,961
•7*195
169
,;aiO, againSt.i8,542,4fi.5 In 19Qf
effect of the revision
prihts;
tl||t can be .said ftt
present is rthaf within the past day hr two demand4or these
goods hpf 3hpwn a mHcyate jmp^y^hent*. The export
frade has not t>peri ^stimulated to any extent so far by the
reduction, owing, possibly, as somt Sellers point out, to the
fact that printers who did not follow the American’s advance
some time
ago to 6c. have not revised their prices, with the
result that prints', other than American, are now no lower
than they nave been for severar weeks past. Trading in
bleached'goods, ginghams5, .colored cottons and other do¬
mestics was of moderate proportions only and for the most
part for near-by delivery; in some quarters buyers showed
lines,
print
cloth divisioif was much less apfciye; .buyers and sellers being
apart in their views; prices were quoted unchanged.
WOOLEN GQODS.—Activity in men’s wear was confined
principally to light-weight stock goods, but the volume qf
.
2,422.000
2,111,000
1,185,000
.
j
117,000
847,000
378.000
Total May 28 1910. .20,133,000
5,490.000
Total May 21 1910. .22,030.000
6.541,000
Total Say 29 i909. .19.767.000
2,841,000
CANADIAN GRAIN
Montreal
Fort William
372^000
17,012
59
■
2C
It is perhaps too ea^Jy to^qte,the full
in the price ;of Auverman
ail
131,000
20,000
140.000
■12,000
1/810,000
Indianapolis
*‘.*i * -r*
82,000
244,000
1.245,000
Peoria.....
On Lakes
Oh Canal and Rive*...
30,000
503,000
3,337,000
7,102,000
Minneapolis
Rye,
bush.
400,000
21.000
1.323*000
201.000
1,712,000
*34*Q0o
st. tome >:
Kansas City
Oats,
hush.
14,633
5.736
The value of these New York exports siflce
STOCK8.'
440,000
64,000
114.000
1.290.000
219,000
85,000
102,000
133,000
3.569,000
Duluth
*
Total
GRAIN
Com,
76,969
7.718
>^»6
655
_•
-
*
569
vt
*
? 492
Other countries
••
Wfmt.
219.000
315,000
315,000
-
West Indies
Mexico;.. jC'_.
Central America
grain, comprising' the stocks in
Incipal points of accumulation at lake and
6ra.nary at pririclbad
seaboard ports1 May 28 1910 was as follows:
*
84
Africa
of
AMERICAN
553
Euitope.
Xrtfela..
Tytal.
irogs.ooo 16,405,000
a:
t
supply
Since
Janet.
indi>—
United
'i
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
May 26 1910.. 32^720.000 15.120.000 47.840,000 3,640,000 2,975.000 6,615,000
Why 19 1010-. 33;520,000 15.520*000 49.040,000 3,315.000 &,295#00 5.610,000
14.320,000 41*600,000
9*010,000 18.360.000
The
demand.
since
.
Bushels.'
*. If} j rr
in light
were
DQMESTJC COTTO^ QQODS.—Exports qf cotton goods
trom this port forweek ^nding.May 2S 1910—EJ
.were p,j5g0 'packages.
-1909
:
Com.
'
Continent.
*a-j
goods generally
New York to May 28.
Great Brl&lii
Wheat.
Kingdom.
Dress
U' i
485,826,000 420,821,700 3.166.900 130,651,000 \ 138,702,900
The quantity of wheat and
mentioned was as follows:
encouraging, but it had little, if
What effect thCrCport
moved fairly wpU, hut staples werexpiqt nndpientifui. In
men’s wear, stock goods for prompt delivery were mod**
erately active and offerings atf concessions were still in evi¬
....
r
as
Cotton yarns ruled somewhat firmer, owing
to continued -CiirM'iiihent and tp .the mfu^al of most spinney
to accept contracts at a loss.
In silk piece goods, fancies
^
10922000
generally regarded
become active.
23,738,000
20.110,000
41.560.000
*
.
Total
Bushels.
27.488.000
16,975,000
Towards
may
lead to movement
a scarcity in
of prices
goods should
in many
lines
Eroduction
iter pjn/^ith
an upward
demand
1908-09.
Week
announced.
continuing mainly of the hand-to-mouth character, with the
exception of certain fa|l .lines for which duplicate prders in
moderate Volume were placed.’ Although1 trade generally
for future shipment continued slow, instances Alight be cited
where jobbers and othpr interests have "been quietly re¬
plenishing their stocks recently, believing that prices have
reached a safe basis and that the widespread curtailment of
426,847 27,811,353
“
was
be seen. Sellers have
sKovm nj> signs of weakening; they point m the
that It
will be several months before new-crop cotton becomes avail¬
able and there is little prospect of raw material getting much
cheaper in the meantime. The situation in the market
for domestic cottons showed jhd material change, business
24,650 14,135,784
55,500 ' 884,851
4,690
......
when the 6c.. basis
any, influence upc>h the market.
will have upon buyers remains to
328,753 10.713,884
274,782 25,009,075
f 1,200 •** 364,008
9,000
was
•Corn-
263,958 8.871,514 .1,954,414 79,959,742
208/707
9.339,430 2,484,104 103356,174
f
-
935
16,000
.
-
1,669,432 54,410,885
.....
.
16,000
Since
Week
May 28.
7 bush.
United Kingdom... 139,147 4,627,342
Continent
59,816 1,783,517
Sou. A Cent. Amer. 17,354
767,408
West Indies
21,813 1,303,169
Brit. Nor. Am. Cols.
" 99-355
Other Countries
26,028
290,723
..
200
exports for the week and since
Flour
Week
Total 1908-09.
bush.
735
below:
as
Since
Total
Peas,
bush.
was
the week-end jobbers showed more interest in staple prints
and ordered in steadily
increasing quantities for futuredelivery; the trading, however, coj^la .not be called active.
Actual business in the cotton goods market generally was
light. The sharp break in cotton had a more or less un¬
settling effect among buyers, causing them to hesitate,
although the decline, as a matter of fact, stiil ieft the price
of spot cotton well above the level at which goods are selling.
Conservatism was .noticeable, especially among converters
and other users of gray goods, who, prior to the break in
cotton,1 purchased on a comparatively large scale, but were*
less disposed during the past week to meet sellers’ views.
Mills, 6n the other hand5, remained firm on contracts and
declined lower bids' 'tendered by buyers.
The cotton re¬
port which we published in circular form on Wednesday,
indicating an increased acreage and favorable condition,
308,508
Rye, Barley,
bush.
material * increase in business
this annoiincement, which the
trade had been expecting for some' .time past, although
buyers admitted that the new level is exceptionally low
considering the present cost qf the Staple, which is higher
from the several seaboard ports for the week
ending May 28 1910 are shown in the annexed statement:
bush.
1501
*
to stimulate demand. ?No
resulted immediately ^from
The exports
Cam,
■*.
New York, Friday Night, June 3 1910,
important feature of the week in the primary cotton
goods market was the reduction in the price of staple prints
by the American Printing Co. 170110 a basis of 6c. to a basis
of
5J^c. a yard, the revision having been made, apparently,
Receipts do not include grain passing through New Orleans lor foreign ports
Wheal,
bush.
63,857
a.
An
bush
through bills of lading.
Exports from—
New York.......
* .*
r
THE DRY GOODS TRADE.
Rye,
bush.
Total week 1910.. 317,791
1,449,875
473,974 1,389.357
31,257
Since Jan. 1 1910..6,991,621 28,755,235 19,344,277 18,113,705 1495,867
Week 1909
275,932 2,018,589
275,126
908,688
120,698
Since Jan. 14909.-6,126.840 27,799,847 25,022,967 19,513,867 3565,247
qp
;«
/
Barley,
bush.
bush.
105,600
81,000
97,452
27,289
10,250
¥■
the seaboard ports for
Total receipts of flour and grain at
the week ended May 28 1910 follow:
Receipts at—
-A.
*
business done
t
even in these fabrics was not
up to sellers*
expectations. Interest centred largely in the prices named
by leading English manufacturers of mpu’s wear fabrics
for spring 1911; price lists received by foreign mill agents
show slight advances over last year’s figures.
In view of
the expected reduction in the opening prices to be named on
domestic fabrics, the action of foreign producers occasioned
some surprise. ! In dress goods demand for prompt ship¬
ment was fair, but the market as a whole lacked animation.
1503
THE CHRONICLE
State mp City ptfmm/rm.
ChrtfiiiHe.
263,295 on July 7 1906. As already stated, the city voted
May 4 1909 to issue $6,500,000 bonds for the purchase of
the plant.
See item under Omaha Water Co. in our “In¬
vestment News” Department, elsewhere.
on
Bond Calls and Redemptions*
Denver, Colo.—Bond Call.—The following bonds
PUBLISHED WEEKLY.
Terms of
Subscription—Payable
For One Year.
For Six Months
in Advance
$10 00
.
European Subscription (including postage)
•..<
European Subscription six months (including postage)
Annual Subscription in London (including
postage)
Six Months
Subscription in London (including postage)
Canadian Subscription (including postage)
Subscription includes following Supplements—
B INK AND QUOTATION (monthly)
Railway and Industrial (quarterly)
Railway Ear.vi.ngs (monthly)
Terms of
6 00
13 00
7 50
£2 14 s.
£1 11 s.
.$11 50
State and City (semi-annually)
Electric Railway (3 times yearly)
Bankeks’ Convention (yearly)
called for payment
( Two Months
Sanitary Sewer Bonds•
East Side Sanitary Sewer Dlst. No. 1, Bonds Nos. 187 to 153 Inclusive.
Sub-Dlst. No. 8 of the East Side Sanitary Sewer Dlst. No. 1, Bonds
Nos. 47 and 48.
Sub-Dlst. No. 11 of the East Side Sanitary Sewer Dlst. No. 1, Bonds
Nos. 3 to 18 Inclusive.
Highlands Special Sanitary Sewer Dlst. No. 7, Bond No. 58.
Improvement Bonds.
) Three Months
(8 times)
East Denver Improvement Dlst. No. 2, Bonds Nos. 183 to 192 inclusive.
East Denver Improvement Dlst. No. 3, Bonds Nos. 40 and 41.
East Denver Improvement Dlst. No. 4, Bonds Nos. 31 and 32.
East Side Improvement Dlst. No. 2, Bonds Nos. 16 to 18 Inclusive.
Evans Improvement Dlst., Bond No. 36.
North Side Improvement Dlst. No. 2, Bonds Nos. 18 to 22 inclusive.
North Side Improvement Dlst. No. 3, Bonds Nos. 42 to 59 Inclusive.
North Side Improvement Dlst. No. 5, Bonds Nos. 2 to 4 Inclusive.
North Side Improvement Dlst. No. 8, Bonds Nos. 1 to 6 Inclusive.
South Broadway Improvement Dlst. No. 2, Bond No. 61.
South Capitol Hill Improvement Dlst. No. 1, Bond No. 65.
South 14th Street Improvement Dlst. No 1, Bond No. 24.
South Side Improvement Dlst. No. 1, Bonds Nos. 48 to 51 Inclusive.
$4 20
22 00
(13 times)
29 00
times)
50 00
(.
times)
87 00
CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block; Tel. Harrison 401
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
«tATuUmr Business rants
Standing
Cards
glx Months
(26
Twelve Months (52
WILLIAM B. DANA COMPANY, Publishers,
P. O. Box 958*
Front, Pine and Depeyeter Sts.,
New York.
Thirteenth Street Improvement Dlst. No. 1, Bonds Nos. 27 and 28.
West Denver Improvement Dlst. No. 1, Bonds Pfos. 105 and 106.
News Items*
Denver, Oolo.—Official Canvass of Vote Cast at May 17
Paving Bonds.
Alley Paving Dlst. No. 4, Bond No. 22.
Alley Paving Dlst. No. 8, Bond No. 13.
Alley Paving Dlst. No. 9, Bonds Nos. 4 to 11 Inclusive.
Alley Paving Dlst. No. 10, Bonds Nos. 11 and 12.
Alley Paving Dlst. No. 11, Bonds Nos. 12 to 14 Inclusive.
Alley Paving Dlst. No. 13, Bonds Nos. 9 to 13 Inclusive.
Broadway Paving Dlst. No. 1, Bond No. 88.
Fifteenth Street Paving Dlst. No. 2, Bond No. 15.
Lincoln Street Paving Dlst. No. 1, Bonds Nos. 22 and 23.
-
Election.—The official canvas of the vote cast at the election
held May 17 shows that the question of granting the Denver
Union Water Co. a new 20-year franchise was defeated by a
majority of 3,985, the vote being 9,737 “for” and 13,722
“against.” Y. 90, p. 1376.
Of the three proposed charter amendments concerning the
water question also submitted on May 17 (V. 90, p. 1313),
only one received a favorable vote. This was adopted by a
vote of 12,342 “for” to 10,399 “against,” and provides for
the creation of a public utilities commission of three members,
who are to exercise all the powers of the city in the matter
of acquiring or constructing a water system.
As previously stated, It Is provided that this commission shall offer the
Denver Union Water Co. $7,000,000 city bonds In payment for Its plant,
and If this offer Is accepted by the company a vote will be taken on the
question of Issuing $8,000,000 bonds, $7,000,000 for the purchase of the
plant and the remaining $1,000,000 for Improvements.
Should the water
company refuse to sell Its plant for $7,000,000, the voters are to pass on
the question of Issuing the entire $8,000,000 bonds for the construction of
a new water plant.
It Is also provided. In the event of the water company’s
refusal to accept the $7,000,000 bonds, that the commission may, after a
careful Investigation of the property and estimate of the cost of construction
of a new plant, submit to the voters. In addition to the question of Issuing
$8,000,000 bonds above referred to. an alternative proposition for the Issu¬
ance of bonds In such sum as Is deemed advisable for the acquisition or
construction of a water system.
Illinois.—More Members of Legislature Indicted in Bribery
Case.—Having been indicted for perjury by the Sangamon
County Grand Jury, State Senator D. W. Holtslaw of Iuka
is said to have confessed to having received money from
State Senator John Broderick of Chicago for casting his
vote for William Lorimer as U. S. Senator.
Mr. Holtsiaw is also said to have testified that he was promised
$1,500 in connection with the letting of the contract
for furniture for the State House.
Later, it is stated,
confession was made by Otto Freier, a furniture agent,
implicating Senators Holtslaw and Pemberton and Repre¬
a
sentative
Clark, these three having constituted the
joint committee delegated by the Legislature to buy the
furniture.
The grand jury voted indictments charging
Senator Broderick with bribery and the three members
of the committee referred to with conspiracy to commit
bribery. The indictment against Senator Holstlaw, how¬
ever, was quashed, he having been promised immunity.
As stated in V. 90, p. 1313, the grand jury voted indictments
on May 6 against
Representatives Browne, Wilson and Link.
Massachusetts.—Lower House Adopts but Senate Rejects
Amendment to State Income Tax Law.—By a vote of 16 to 16
the Senate on June 2 rejected a bill introduced
by Repre¬
sentative Dean of Wakefield providing that any income in
excess of $2,000 “accruing to any
person from any source”
shall be subject to taxation.
The bill was passed by the
Lower House on May 31 and if finally adopted would have
substitued the following new paragraph for Paragraph 4,
Section 4, Chapter 490, Part I, Acts of 1909, specifying the
things which shall be taxed:
The Income from an annuity and the excess above $2,000 of the Income
accruing to any person from any source properly subject to taxation during
the year ending on the first day of April of the year In which the tax Is
assessed.
A return of the amount of such annual Income shall be made
to the assessors of each city and town on the same date and In the same
manner as the returns of property subject to taxation are required to be
made.
Paragraph 4
as follows:
annuity, and the excess above $2,000 of the Income
now
reads
The Income from an
from a profession, trade or employment accruing to the person to be taxed
during the year ending on the first day of May of the year In which the tax
Is assessed.
Incomes derived from property subject to taxation shall not be
taxed.
New York State.—Special Session of Legislature.—Shortly
after the adjournment of the Legislature last Friday after¬
noon, Governor Hughes issued a proclamation calling upon
the legislators' to convent in extra session on June 20.
Omaha, Neb.—United States Supreme Court Decides
Against City in Water (fasejr—On May 31 the U. S. Supreme
Court affirmed the decision of the lower Court, holding valid
e appraisal of the plant of the Oinaha Water Co. at $&,-
were
May 31:
Storm Sewer Bonds.
North Denver Storm Sewer DIst. No. 1, Bonds Nos. 115 to 186 Inclusive.
South Capitol Hill Storm Sewer Dlst.. Bond No. 47.
Advertising—Per Inch Space
Transient matter per inch space (14 agate lines)
[Vol. lxxxx:
Curbing Bonds.
South Side Curbing Dlst. No. 2. Bonds Nos. 23 to 26 Inclusive.
Lower Merion School District,
Montgomery County, Pa.
—Bond Call.—The following 4^% bonds maturing June 1
1929 were called for payment June 1 at the Merion Title &
Trust Co. of Ardmore: No. 25 for $500 and Nos. 43, 44,
48,
52, 55, 60, 63, 67, 75 and 77 for $100 each.
Omaha, Neb.—Bond Call.—An issue of $100,000 5% cityhall bonds dated July 1 1890 and due July 1 1910 will be
redeemed by Kountze Bros, of New York City.
Bio Blanco* County (P. O. Meeker), Colo.—Bond Call.—
Call was made for redemption on June 1 at the County Treas¬
urer’s office in Meeker or the Chemical National Bank in
New York City of refunding bonds Nos. 1, 2 and 3, of the
issue of June 1 1900,• for $1,000 each.
Rond Proposals and Negotiations this week
bean
as
follows
s
Adams, Jefferson County, N. Y.—Bond Offering.—Pro¬
posals will be received until 7:30 p. in. to-day (June 4) by
F. B. Waite, Village Clerk, for $7,000 registered refunding
bonds at not exceeding 5% interest.
Authority Chapter 29, Section 8, Laws of 1909
Denominations: 4 bonds
of $1,000 each and 6 bonds of $500 each.
Date July 1 1910.
Interest
semi-annually In Adams.
Maturity July 1 1915. Bonds are exempt from
taxes.
Certified check for $350, payable to D. F. Griggs. Treasurer, Is
required.
Ainsworth, Brown County, Neb.—Bonds Defeated.—The
election held April 5 resulted in the defeat of the proposition
to issue the $6,500 5% 10-20-year (optional) water-extension
bonds mentioned in V. 90, p. 864.
Akron, Ohio.—Bond Sale.—We are advised that the fol¬
lowing bids were received on May 28 for the five issues of
bonds described in V. 90, p. 1189:
$50,000
4% bds.
$6,100
$5,700
m%bds. 4 X%bds.
$11,700
$3,000
AX%bds. 4 \i%bds
Cleve. Tr. Co., Cleve_(for all)
$78,525 22
Davies & Bertram Co.,
Cincinnati
$49,810 00 $6,126 00 $5,735 00 $11,757 00 $3,000 00
New 1st Nat. Bk., Col. 49,765 00
6,120 00 5,723 00 11,700 00 3,000 00
“
C.E.Denison&Co.,Cle_ 49,655 00
Hayden.Miller&Co.,Cle
6,124 24
6,121 35
5,726 86 11,746 92 3,002 10
5,720 05 11,761 25 3,003 90
5,757 53
Seasongood&Mayer.Cln
5,740 00
11,769 03
Reports state that the bid of 100.032 submitted by the Cleveland Trust
Co. was the one accepted.
These are not new Issues, but bonds held by the
Staey&Braun, Toledo
Cen.Sav.&Tr.Co.,Ak’n
Sinking Fund as an investment.
Alamo School District, Imperial County,
tion.—This district, it is stated, will vote
Cal.—Bond Elec¬
to-day (June 4)
proposition to issue $4,000 bonds.
Albany, N. Y.—Bond Offering.—Proposals will be received
until 11 a. m. June 7 by Howard N. Fuller, City Comptroller,
for the following 4% registered bonds aggregating $563,200:
on a
$254,500 street bonds.
on
Denomination $25,450.
June 1 from 1911 to 1920 Inclusive.
95,000 public-improvement bonds.
from 1911 to 1930 Inclusive.
Maturity $25,450 yearly
Maturity $4,750 yearly
on
June 1
100,000 hlgh-school-building bonds.
Maturity $5,000 yearly on June 1
from 1911 to 1930 inclusive.
35,000 public-improvement bonds.
Maturity $1,750 yearly on June 1
from 1911 to 1930 Inclusive.
30,000 public-improvement bonds.
Maturity $1,500 yearly on June 1
from 1911 to 1930 inclusive.
20,000 public-improvement bonds.
Maturity $1,000 yearly on June 1
from 1911 to 1930 Inclusive.
15,000 public-improvement bonds.
Maturity $750 yearly on June 1
from 1911 to 1930 Inclusive.
13,700 public-improvement bonds.
Maturity $1,370 yearly on June 1
from 1911 to 1920 inclusive.
Official advertisement states that the last-mentioned Issue ($13,700
bonds) will be purchased by the city’s sinking funds.
The above bonds are
all dated June 1 1910 and are exempt from taxation.
Interest semi-annu¬
ally by mailed checks. Certified check for 2% of bonds bid for, made
payable to Otto Jantz, City Treasurer, Is required. Purchaser to pay
accrued interest.
June 4
THE CHRONICLE
1910.]
Park Bond Bill Passed by Legislature.—Both houses of the
Legislature have passed a bill authorizing the City of Albany
to issue not exceeding $2,000,000 bonds for the acquisition
of certain land and the improvement of the same for the pur¬
poses of a public park.
The Act contains no sinking-fund
provision and states that the bonds “shall be issued in such
denominations and shall draw interest at such rate, and be
payable at such times and places, as theCommon Council
shall, by ordinance, determine, provided, however, that the
time for the payment of the principal of such bonds shall not
exceed fifty years.”
We are advised under date of May 31
that the bill is now before the Mayor of Albany for his action
before going to the Governor.
Allegheny County (P. O. Pittsburgh), Pa.—Bond Sale.—
The $300,000 4% 20-year coupon poor-farm bonds offered
without success on April 28 (V. 90, p. 1189) have been dis¬
posed of over the counter in lots of $5,000 and up.
Alvin, Brazoria County, Tex.—Bond Election.—Reports
state that an election will be held June 11 to vote on propo¬
sitions to issue $12,000 improvement and $4,000 water¬
works bonds.
Anaheim, Orange County, Cal.—Bonds to be Offered Shortly.
—A letter received by us on May 31 states that an ordinance
will be adopted in about 30 days calling for proposals for
the $7,500 5% U15-year (serial) intersection-paving bonds
voted (V. 90, p. 1313) on May 2.
Anniston, Calhoun County, Ala.—Bond Sale.—The $60,000 5% 30-year school and funding bonds offered on May 25
(V. 90, p. 1377) were sold through the City National Bank of
Anniston to the First National Bank of Cleveland at par and
accrued interest.
The bonds are dated July 1 1910.
In¬
terest semi-annual.
Anoka, Anoka County, Minn.—Bonds Defeated.—The elec¬
tion held April 19 resulted in the defeat of the proposition
to issue the $60,000 water and light bonds mentioned in
V. 90, p. 1055.
Anson, Jones County, Tex.—Bonds Voted.—The citizens
place voted on May 20 to issue $10,000 bonds for a
city hall and fire station.
Ansonia, Conn.—Bond Offering.—Proposals will be re¬
ceived until 8 p. m. June 27 by Stephen Charters, Mayor,
and Fred. M. Drew, City Treasurer, for $35,000 4% coupon
(with privilege of registration) sewer bonds. These securities
are part of the issue of $75,000 bonds (V. 89,
p. 1365)
of this
authorized last November.
Denomination $1,000.
Date July 1 1910.
Interest semi-annually
the Ansonia National Bank of Ansonia.
Maturity 25 years.
at
Ashland, Ashland County, Ohio.—Bond Sale.—The $8,000
43^% coupon refunding sewer and city-hall bonds described
in V. 90, p. 1377, were awarded on May 23 to the Ashland
Bank & Savings Co. of Ashland at 107.277 and accrued
interest.
The bids
were
as
follows:
Ashland Bank & Sav. Co..
Ashland
$8,582
First Nat. Bank, Ashland_ 8,361
Farmers’ Bank, Ashland-. 8,360
First Nat. Bank, Cleveland 8,222
Provident Savings Bank &
Trust Co., Cincinnati
8,220
Seasongood A Mayer, Cine.$8,210
20 Tlllotson & Wolcott Co.,
Cleveland
00
8,200
00 Barto, Scott & Co.. Colum. 8,176
50 Stacy & Braun, Toledo
8,164
Citizens’ Nat. Bk.. Wooster 8,142
00 New First National Bank,
Columbus
Hayden, Miller & Co., Clev. 8,220 00
8,137
Cleveland Trust Co., Clev. 8,218 40 W. R. Todd & Co., Cine... 8,081
from
1915
to 1922 Inclusive.
Maturity $1,000 yearly on March 1
Ashtabula School District
00
80
00
32
66
00
00
(P. O. Ashtabula), Ohio.—
17 re¬
4^%
Pro-
Bonds Voted—Bond Offering.—The election held May
sulted in favor of the proposition to issue the $10,000
school-addition bonds mentioned in V. 90, p. 1313.
21
Eosals
theseof Education
bonds will atbethe
received
until
12 Peck,
m. June
y the for
Board
office of
C. E.
Clerk.
Authority, Sections 3991 and 3992, Revised Statutes.
Denomination
$500.
Date day of sale.
Interest April 1 and Oct. 1.
Maturity $500
each six months from April 1 1912 to Oct. I 1921 Inclusive.
Bid must be
unconditional and be accompanied by a certified check, drawn on a national
bank,for$500.
Atlanta, Ga.—Bond Sale.—The five issues of 43^% bonds,
aggregating $625,000, offered on June 1 and described in
V. 90, p. 1377, were awarded, it is stated, to J. H. Hilsman
& Co. of Atlanta at 101.411.
Baldwin
City, Douglas County, Kan.—Rids Rejected.—
on May 24 for the $15,000
6% 10-year
sewer-improvement-assessment bonds and the $15,000 5%
20-year sewer-improvement bonds described in V. 90, p. 1377,
were rejected.
Baltimore, Md.—$1,000,000 Stock All Sold.—Dispatches
state that this city has disposed of the entire $1,000,000 4%
stock which was offered over the counter at par.
See V.
90, p. 1435.
As reported last week, $2,400,000 stock was offered
at public sale on May 23 and only $248,100 was disposed of.
With the $1,000,000 just sold, as stated above, there remains
All bids received
to be awarded $1,151,900 stock.
Of this amount, it is said,
$151,900 more will be offered at par, leaving a balance of
$1,000,000 unsold, as follows: $200,000 annex loan, $225,000 school-house loan, $225,000 engine-house loan, $100,000
conduit loan and $250,000 burnt-district loan.
Bayonne, N. J.—Bond Offering.—Proposals will be re¬
Hamilton, City Clerk, for $234,000 43^% coupon paving bonds.
ceived until June 7 by W. C.
Date, day of issuance.
Interest Jan. and
Co. in Bayonne^ Maturity twenty years.
July at the Mechanics’ Trust
Beatrice, Gage County, Neb.—Bonds Voted.—The election
May 31 (V. 90, p. 1436) resulted in favor of the issuance
held
1503
of
$70,000 water and light-plant bonds. The vote is re¬
ported as 721 to 223.
Bee County Common School District No. 2, Tex.—Bonds
Registered.—The State Comptroller on April 26 registered
$14,000 5% 10-20-year (optional) bonds.
Betterton, Kent County, Md.—Bonds Voted.—This town
at a recent election authorized the issuance of $2,000 streetimprovement bonds. The vote is reported as 44 to 11.
Bibb County (P. O. Macon), Ga.—Bond Election Proposed.
—The Board of County Commissioners has given notice that
they intend to apply to the General Assembly at its next
session for the passage of a local bill providing for an election
to vote on propositions to issue $75,000 bonds to improve and
enlarge the court house, $200,000 to build and repair bridges
and $100,000 to build and repair public roads.
Biloxi, Harrison County, Miss.—Commission Form of
Government Plan Defeated.—Reports state that this city on
May 28 defeated a plan providing for the adoption of a
commission form of government.
Blue Bench Irrigation District No. 1 (P. O. Theodore),
Wasatch County, Utah.—Bonds Not Sold.—We are advised
that no sale has yet been made of the $125,000 6% coupon
irrigation bonds offered on April 23 and described in V. 90,
p. 1115.
Bluffs School District No. 35 (P. O. Bluffs), Scott County,
Ill.—Bonds to Be Offered Shortly.—This district will be on the
market about July 1 with an issue of $20,000 4% coupon
school-building bonds.
Denomination $100.
Date about July 1 1910.
Interest annually Is
July at the Bank of Bluffs In Bluffs. Maturity $2,000 yearly for 10 year.
Certified check for 10% of bid, payable to F. E. Funk, Clerk of the Schoo
Board, Is required.
No bonded or floating debt at present. Assessed
valuation 1909, $885,000.
Boston, Mass.—-Temporary Loan.—-During the month of
May, this city borrowed $1,000,000 at 33^% interest. The
loan is dated May 25 1910 and is due Nov. 1 1910.
Bowling Green, Warren County, Ky.—Bond Offering.—
Proposals will be received until 12 m. June 27 by the City
Clerk for $20,000 4% public-improvement renewal bonds.
Denomination $500.
Interest payable Jan. 1 and July 1 at the American
National Bank of Bowling Green.
Maturity 30 years.
Bonds are free
from city taxation.
Gils E. Townsend Is Mayor.
Brazoria County (P.
O. Angleton), Tex.—Bond Election.—
A proposition to issue $124,740 Pearland Drainage District
bonds will be submitted to a vote of the people, it is stated,
on June 21.,
Bristol County (P. O Taunton), Mass.—Notes Not Sold.—
The $30,000 4% court-house-building notes described in
V. 90, p. 1436, and offered on May 31, were, it is reported,
not sold on that day.
Brockton, Mass.—Temporary Loan.—The City Treasurer
10 1910,
has negotiated a loan of $150,000, payable Nov.
with the First National Bank, at 3.97% discount.
Broken Bow School District (P. O. Broken Bow), Custer
County, Neb.—Bond Offering.—Proposals will be received
until 7:30 p, m. June 6 for the $35,000 43^% 5-20-year (op¬
tional) high-school-building bonds described in V. 89, p. 1684.
Authority, vote of 445 to 162 at an election held Aug. 28 1909. Denomi¬
Date April 1 1910.
Interest semi-annually in New York
City. This district has no bonded debt at present.
Floating debt $4,000.
Assessed valuation $393,251.
Real value (estimated), $1,966,255.
L. H.
Jewett is Secretary of the Board of Education.
nation $1,000.
Brookville, Noxubee County, Miss.—Bond Offering.—
Proposals will be received until 8 p. m. June 7 by M. A.
Parks, City Clerk, for two issues of coupon water-works
bonds aggregating $10,000.
Denomination $100.
Interest semi-annually at the City Treasurer’s
office.
Maturity $3,000 In 18 years and $7,000 In 20 years.
Bonds are
Certified check for $500, payable to the “City of Brookville,”
tax-exempt.
Is required.
Bruce, So. Dak.—Bonds Voted.—According to reports the
city recently voted to issue $6,000 school¬
building bonds.
Brush, Morgan County, Colo.—Bonds Authorized.—At is
stated that the City Council has authorized the issuance of
$40,000 sewer-system-construction bonds.
Bryant, Hamlin County, So. Dak.—Bond Offering.—ProT
posalswill be received until 8 p.m. June 7 by G. A. S. Arneson,
City Auditor, for $7,500 5% coupon water-works bonds.
electors of this
Authority, Sections 1391, 1392 and 1393, Political Code of 1903.
De¬
nomination $500.
Date June 15 1910.
Interest annually or semi-annually
(to suit purchaser) In Bryant.
Maturity one bond payable every other year
until all are retired.
Bonds are exempt from all taxes.
Bonded debt
$11,000.
debt
$4,600.
Assessed valuation 1910 $200,000.
Floating
Burlington, Alamance County, No. Caro.—Bonds Voted.—
5% coupon street and sidewalk
645, were authorized on May 3
by a vote of 424 to 198. Bids for the issue will be received
until 12 m. June 6 by James P. Montgomery, Sec. and Treas.
Bond Offering.—The $60,000
bonds mentioned in V. 90, p.
Denomination $500.
Date July 1 1910.
Interest semi-annually In New
York City.
Maturity July 1 1940.
Certified check for $1,000, payable
to the City Treasurer, Is required.
Bushnell, McDonough County, Ill.—Bond Offering.—Pro¬
posals will be received until 7 p. m. June 14 by W. H. Daw¬
son, City Clerk, for the $25,000 5% sewer bonds voted on
April 1.9. See V. 90, p. 1190.
Authority Chapter 24, Revised Statutes of Illinois.
Denomination $500.
Date June 1 1910.
Interest annually at the City Treasurer’s office.
Ma¬
turity1 $?.500 yearly on June 1 from 1916 to 1925 Inclusive, all bonds being
subject to call on June 1 of any year on or after June 1 1916.
Certified
check for 5% of bonds bid for, payable to the MayW. ls required.
There
Is no general bonded debt at present.
Special assessment (paving) debt,
Cash In treasury, $7,049.
$8,200.
Assessed valuation 1909 $669,568*
Official notice states that the city has always paid all debts promptly and
?m zmmwm
that there Is no litigation pending or threatened regarding the validity of
these bonds, the boundaries of the municipality or the title of the officials
to their respective offices, nor have any previous bond Issues ever been
contested.
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Butler School District (P. O. Butler),
Ohio.—Bond Sale.—
An issue 6f
$5,000 5% school-house-enlargement bonds was
disposed of on May 31 to the Belleville Savings Bank of
A list of the bidders follows:
Belleville at 104.76.
Well, Roth fie Co., Clnctn
5,190 00 Jonathan Kramer (for $600)
600 00
? Denomination $200.
Date June 1 1910. ; Interest April 1 and Oct. 1.
Maturity $200 each six months from April 1 1912 to April 1 1924 Inclusive
I. J.
Bryan, District Clerk, at Room 1500, American Trust
Bldg., Chicago, for $500,000 4% coupon (with privilege of
registration as to principal) bonds.
Denomination $1,000.
Date July 1 1910.
Interest semi-annually at
the District Treasurer’s office.
Maturity $25,000 yearly on July I from
1911 to 1930 inclusive.
Certified check (or cash) for 5% of bid, made paya¬
ble to the ‘‘Clerk of the Sanitary District of .Chicago,” and drawn on some
The
official notice of this bond offering will be found among
Department.
Chico, Butte County, Cal.—Bonds Voted.—We are advised
the advertisements elsewhere in this
..
Calloway County (P. O. Murray), Ky.—Bond Election.—
Reports state that a proposition to issue $35,000 court-house¬
building bonds will be submitted to the voters at the next
general election, Nov. 8.
Canton, Ohio.—Bond Offering.—Proposals will be received
until 12 m. June 6 by Emmet C. Brumbaugh, City Auditor,
for the following 4^% bonds:
$4,800 Shorb Street bonds.
Denomination $1,000, except one
ond of
$1,800.
Maturity $1,000 in 1912,1913 and 1914 and $1,800 ih 1915.
(city’s portion) bond.
Maturity 1915.
5.800 Sherrlck Avenue bonds.
Denomination $1,000, except one bond
of $1,800.
Maturity $1,000 in 1912 and 1913, $2,000 in 1914 and
$1,800 in 1915.
500 Sherrick Avenue (city’s portion) bond.
Maturity 1915.
3.800 Tyler Street bonds.
Denominations $1,000 and $1,800.
Maturity
$1,000 in 1912 and 1914 and $1,800 in 1915.
600 Tyler Street (city’s portion) bond.
Maturity 1915.
600 North Walnut Street sanitary-sewer bond.
Maturity
1915.
29,000
Liberty Street storm-water sewer bonds. Denomination $1,000.
*’
Maturity 1920.
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The above-bonds are dated March 1 1910.
Interest seml-annucl.
Cer
of
Canton
tided check on some bank
for 5% of bonds bid for, made payable
to the City Treasurer, Is required.
The bonds will be delivered within ten
daysfrom the time of award.
Purchaser must furnish the necessary blank
bonds.fS‘
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Carroll School District (P. 0. Carroll), Fairfield County,
Ohio.—Bonds Re-Awarded.— The $25,000 5% school-building
bonds sold on May 25 to Bar to, Scott & Co. qf Columbus
at 107.212
(V.90, p.1436) were re-awarded on June 1
New First National Bank in Columbus at 106.988.
to the
Carrollton, Carroll County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. June 22 by A. K. Rader,
Village Clerk, for the following 4% coupon street-improve¬
ment bonds:
$5,120 (city’s portion) bonds.
37,950 assessment bonds.-
lxxxx.
Chicago bank, is required.
Belleville Sav. Bk.. BeUev.$5,238 00 Hayden, Miller & Co., Cley.$5,190 00
New First National Bank,
Stacy & Braun, Toledo
5,183 75
Columbus
5,217 00 Security Savings Bank fie
C. E. Denison fie Co., Clev_ 5,203 00 ■ Trust Co., Toledo
5,157 50
700 Shorb Street
[Yol.
Denomination $512.
Denomlrirttlons $500 and $295.
Authority; Sections 28$A and 28,35b, Revised Statutes.
Date July 1
Interest March I and Sept. 1;
Maturity one-tenth of each Issue
on Sept. 1 fr6m 1911 to 1920 Inclusive.
Certified chedk for 5% of
bonds bid for, payable to the Village Treasurer, Is required.
Purchaser
to pay accrued Interest.
'
1910.
yearly
.
Carthage (P. 0. Cincinnati), Ohio.—Bond Offering.—Pro¬
posals wifi be received until 12 ini June 21 by L. Hall, Vil¬
lage Clerk, for $25,000 4% sewer, sewage-disposal works,
tunnel, drain and ditch (village portion) bonds.
!
Authority Section 2835, Revised Statutes.
Denomination $500.
Date
May 3 1910. Interest semi-annual. Maturity May 3 1935.
Purchaser
pay aocrued interest.
to
Castile, Wyoming County, N. Y.—Bond Offering.—Pro¬
posals wifi Jt>e received until 10 a. m. tcpiday (June 4) by
W. W. Met6alf, Town Supervisor, for $7,481 13 4% bonds
for the town’s portion of the cost of the improvement of the
Terry Cehter^Castile Center County Highway. ‘
Denomination $1.068 73, except one bond " for $1,068 75.
Interest
annually ori Feb. 1 at the Bank of Castlie. Maturity one bond’yearly
beginning Feb. 1 1911. Certified check,'cash or New York draft for *0%
Of bid, payable to the Supervisor, Is required.
The town hasnd debt at
present.
Assessed valuation of real property ‘‘over $1,500,000."
’
that the four issues of bonds, presented
May 24 (V. 90,
the vote
$35,000
50,000
55,000
10,000
to the electors
on
1377) were favorably voted. Following is
polled “for” and “against” each of the propositions:
p.
storm-sewer bonds, 593 “for” to 56 “against.”
city-hall bonds, 572 “for” to 73 “against.”
street-improvement bonds, 588 ‘‘for’ to 64 “against.”
fire-apparatus bonds, 595 “for” to 54 “against.”
Clendenin, Kanawha County, W. Va.—Bonds Voted.—
The voters have decided in favor of the issuance of bonds
for a high-school building.
Cleveland, Ohio.—Bond Sales for May.—The following 5%
street-improvement bonds dated May 1 1910 were disposed
of at par during May:
$104,000 due Nov. 1 1913 and $104,000 due Nov. 1 1914, to the City Sinking Funds, and $12,000
due Nov. 1 1911, $104,000 due Nov. 1 1912, $6,000 due
Nov. 1 1910 and $48,000 due $12,000 yearly on Nov. 1 from
1911 to 1914 inclusive, to the Board of Education Sinking
Fund.
Bond, Election.—On May 31 the Council adopted resolu¬
tions providing for the submission to the voters on July 14
of propositions to issue $250,000 tuberculosis-hospital and
$2,000,000 grade-crossing-abolition bonds.
Cleveland Heights, Cuyahoga County, Ohio.—Bond Sale.
—The First National Bank of Cleveland purchased on May
24 the $18,746 4j^% coupon sewer assessment bonds de¬
scribed in V. 90, p. 1190, for $18,970 94—the price thus
being 101.199. Maturity part yearly on Oct. 1 from 191)L
to 1920 inclusive.
Coleman, Coleman County, Tex.—Bond Election.—A
proposition to issue $20,000 bonds for the improvement of
the electric-light plant will be submitted to a vote on June 11.
Coleraine, Itasca County, Minu.—Bond Offering.—Propos¬
als will be received until 8:30 p. m. June 7 by S. H. Forsberg^
Village Clerk, for $4Q,0Q0 5% jail, village-hall and fire-hall
bonds.
Authority, election held Aug. 19 1909, vote of 85 "for” to none “against.**
31,000.
Interest semi-annual.’ Maturity $2,000 yearly
from 2 years to 10 years inclusive and 322,000 in 20 years; bonds unpaid
after 10 years being subject to call.
Certified cheek for $800, payable to
the VJllage Council, Is required.
These bonds were sold on Oct. 27 1909 to>
Coffin fit Crawford of Chicago.
See V. 80, p. 1236. We have not yet been
advised, however, Why they are being re-advertised for sale.
Denomination
Columbia Heights, Anoka County, Minn.—Bond Offering.
—Proposals will be received until 8 p. m. June 7 by J. B.
Vincent, Village Clerk, for $10,000 5% coupon water-plant-
purchase bonds.
Authority, Chapter 9, Revised Laws of 1905.
Denomination $1,000.
Date, day of issuance.
Interest is payable in Minneapolis. Maturity
$1,000 yearly from 1914 to 1923 inclusive.
Certified check for 3%, payable
to wife Village CTerk, is required.
This village hhS no bonded debt at pres¬
ent.”
Floating debt $5,948 4?.
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Columbus, Muscogee County, Oa.—Bonds Authorized.—
An oVcUnance was “passed
*
of $100,000 4*4% gold coupon
M$y
providing for the issuance
bridge-construction bonds
OenfcrPotot Independent School District'(P. <>. Canter voted Feb- 12 1910.
Denomination $1,000.
Interest Jan. 1 and July 1 at the City Treasurer’a
Poin,t), Kerr County ,T6x.—Description of Bonds —Weare office,
n Maturity 30 years.
1' • * * •*- ^ •-; * > <•, >■,- ■ ,•
advised that flip $15,00Q school-building bonds voted la§t
March (V. 90, p. 797) are coupon in form apd carry interest
Corpus Chriati Independent School District, Tex.—Bonds
Registered.—An issue of’ $75,000 5% 20-40-year (optional)
& tf*e rate of 4K%.
They are in denominations of $500 each and are dated April 1 1910. bonds of this district was registered by the State Comptroller
■
Interest is
payahi^ in New York, Austin or Center Point. Maturity 40
subject to call after 10 years.' They are tax-exempt. This district
Assessed valuation for 1909, $459,907.
pas no debt at present.
1
on
years,
***Ofeaffoe,
state that
Comity, Mo*—Bond Election.—Reports
ah election will be held June 5 to yote
onpfexpo¬
Scott
sitions to issue $7,500 city-hall and $20,000 water-works
bonds.
Interest annually at the State Treasurer’s office in Austin
or
at the
iy State Bank In Anahuac. Maturity twenty years, subyedrs.
Certified check for $500,' payable to the County
Purchaser must pay accrued Interest from Feb. 14 1010.
.
Covington, Kenton County, Ky*—Bonds Authorized.—
papers state that the Board of Aldermen on May 2d
Local
passed ordinances providing for the issuance of $281, ,000 4%
bonds to
in
Chambers County (P. O. Anahuac), Tex.—Bond Offering.
—proposals will be received"Until lO a. m. June 6 by H. H.
Jackson, *Couhty Judge, for the $26^000 Road District No. 2
and thje $£0,000 Rokd District No. 3 5% bonds registered
by the State Comptroller on May 6.
May 6
j:o(uod
August.
a
.like amount ojf 5%bohds which fall due
Crawford County Road District No. X, Ohio.—Bond Sale.—
$10,000 5% coupon public-road improvement bonds
awarded on May 31 to.
Stacy & Braun of Toledo at 109.037 and accrued interest.
The following bids were received:
The
described in V. 90,'p." 1437j were
Stacy & Braun, Toledo. .$10,903 75 New First Nat.Bk.,Colum.$10,817 00
Bucyrus City Bank, BuSecurity Sav. Bank fis
Trust Co., Toledo
cyrus
10,851 00
10,743 00
Weil, Roth fie Co.. Cine._ 10,830 00 Seasongood & Mayer, Cine. 10,739 OO
Maturity Sept. 1 1925.
Ghanute, Jleosbo County, Kan.—Bonds Defeated.—The
Crawfordsville, Montgomery County, Ind.—Bonds Voted.
elegtion held Aprfl-27 resulted in the defeat of the proposition
—We see it stated that a proposition to issue $50,000 electricto issue the $60,000 bonds mentioned in V. 90, p. 1115.
and power-plant bonds carried by a vote of 756 to 75>
Ghateaugay, Franklin County, N. Y.—Bond Sale.—On light
at an election held May 17.
May 14 the $13,000 town-hall bonds described in V. 90,
Cuyahoga County (P. O. Cleveland), Ohio.—Bond Sale.—
p. 1253, were sold to Geo. M. Hahn of New York City at
100.07 for 4%s.
Maturity $1,000 yearly on Feb. V from On May 25 $7,500 4J^% coupon Union Road Bridge bonds
were sold, it is stated, to Seasongood & Mayer off Cincinnati
1915 to 1927 inclusive.
at 102.01.
Chicago, III.—Bond Sale.—It is reported that the $500,000
Authority, Sections 2434, 2435, 2438, 5638 and 5644 of the General Code.
3-year funding water bonds, the bids for which were Denomination
$500.
Date May 1 1910.
Interest April 1 and Oct,’1.
rejected on May 25 (V. 90, p. 1436), have been awarded at Maturity $500 yearly on Oct. 1 from 1910 to 1914 inclusive and $1,000
'
private sale to W. A. Read & Co. and the Illinois Trust & yearly on Oct. 1 from 1915 to 1919 Inclusive.
Dade
County
(P.
O.
Fla.—Warrant
Miami),
Offering.—
Savings Bank, jointly. The price paid is said to be approxiProposals will be received until 12 m. June 14 by R E. Hall,.
mately 99^.
■ / • ;
■
, : -V -isK??Secretary Board of Public Instruction, for f75,000 6%
Chicago Sanitary District (P. O. Chicago), Ill .—Bond Of¬ funding and schopl-house warrants.
Authority Chapters
fering.—Proposal s will fee received until I p. m. June 22 by 5390 ‘and 5980, Laws of Florida. *
,
.
JTTSE 4
THE CHRONICLE
1910.]
Selma), Ala.-—Bond Offering.—Pro¬
posals will be received until 11 a. m. June 2b for $100,600 5%
publifcroad Bonds. These securities are part of the issue
of $250,000 bonds (V. 90, p. 1437) Voted on May 16. Denomi¬
Dallas County (P. O.
nation $500. Interest
The
semi-annual. Maturity 30
years.
official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
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Decatur, Morgan County, Ala.—Bonds Not Sold—Bond
Offering.—No satisfactory bids were received on May 17 for
the $25,000 5% 5-30-year city-hall, fire department and jail
bonds described in V. 90, p. 1315.
Proposals are again
asked for these bonds and will be received, this time, until
June 7.
Delaware, Delaware County, Ohio.—Bond Sale.—On
May 20 the $5,218 5% coupon refunding bonds described in
V. 90, p. 1191, were sold to the Davies, Bertram Co. of
Cincinnati for $5,425 (103.967) and accrued interest.
Bids
were also received from the First National Bank, the Cleve¬
land Trust Co. and Otis & Hough, all of Cleveland; Barto,
Scott & Co. and the New First National Bank, both of
Columbus; the Security Savings Bank & Trust Co. of Toledo,
Seasorigood & Mayer of Cincinnati and S. A. Kean & Co. of
Chicago. Maturity March 1 as follows: $718 in 1911 and
$500 yearly from 1912 to 1920 inclusive.
Delaware School District (P. O. Delaware), Ohio.—Bond
,
bonds was awarded on May 25 to the Bank of Fergus County
in Lewistown for $6,018 75—the price thus being 100.312,.
Denomination
five years.
$1,000.
Maturity twenty
years,
subject to call after
^
Fitchburg, Mass.—Temporary Loan .—Dispat ches t. state
1910 from
that this city has borrowed $75,000 until Oct. .1
Blake Bros. & Co. of Boston at 3.87% discount.
Flora, Clay County, Ill.—Bonds Defeated.—An election
April 19 resulted in a vote of 126 “for” to 135 “against”
a proposition
to issue $4,500 bonds.
Forrest County (P. O. Hattiesburg), Miss.—Bonds Au¬
thorized.—The Board of Supervisors on May 17 passed an
order authorizing the issuance of the $57,500 school bonds
mentioned in V.90, p. 1315.
The bonds are to be issued to¬
gether with a like amount authorized by the city of Hatties¬
burg (V. 90, p. 1313) to secure the location of the State Nor¬
held
mal School.
Fort Smith),
Offering.—Proposals will be received until
2 p. m. June 13 by Roy M. Johnston, District Secretary, for
from $550,000 to $650,000 (the exact amount to be deter¬
mined later) 5% bridge bonds.
Fort Smith and Van Buren District (P. O.
Ark.—Bond
Denomination to suit the purchaser.
Date Oct. 1 1910. ,Interest semi¬
Bids are requested as follows: (a) for bonds due In 20 years and
Certified check on a national bank or trust
(6) for bonds due In 25 years.
.
annual.
company
for $10,000 is required.
The
official notice of this bond offering will be found among
the
advertisements
elsewhere in this Department.
Offering.—Proposals will be received until 12 in. June 8 for
$30,000 4^2% rebuilding high-school bonds.
Fort Smith School District (P. O. Fort Smith), Ark.—
Authority, vote of 770 to 587 at an election held May 17; also Sections Bond Election Proposed.—The Board of Education has de¬
5991, 3992, 3993; Revised Statutes.
Denomination $500.
Date June 8
cided to submit the question of issuing $200,000 school1910.
Interest March 1 and Sept. 1.
Maturity $500 on Sept. 1 1910 and
51,000 on March 1 and $500 on Sept. 1 each year from 1911 to 1929 Inclusive
building and repair bonds at the next school election.
and $1,000 on March 1 1930.
Certified check for 5% of bonds bid for,
Fort Worth, Tex.—Bonds Defeated.—The election held
made payable to the Treasurer of the School Funds, Is required.
Pur¬
chaser to pay accrued Interest.
The bonds will be delivered within ten
April
7 resulted in the defeat of the proposition to issue the
days from the date of award.
Will F. Dodge Is District Clerk.
$100,000 market house and auditorium bonds mentioned
Derby School District (P. O. Derby), Frio County, Tex.— in V. 90, p. 866. The vote was 540 “for” to 1,025 “against.”
Bonds Voted.—At an election held May 14, thirteen voters
Fulton Township School District (P. O. Swanton), Ohio.—
were unanimously in favor of a proposition to issue $1,500
Bonds Defeated.—An election held May 17 resulted in a vote
5% 10-20-year (optional) school-building bonds .
of 123 “for” to 137 “against” a proposition to issue $18,000
bonds.
Detroit, Pike County, HI.—Bonds toted.—The issuance of
$1 ,000 sidewalk bonds was authorized at a recent election.
Galveston County (P. O. Galvestoff), Tex.—Bond Offering.
De Witt County (P. O. Ouero), Tex.—Bonds Defeated.— —Proposals will be received until 12 m. June 13 by John M.
Reports state that at an election held in this county April 11 Murch., County Auditor, for the following bonds, mention
the question as to whether Precinct No. 1 shall issue $100,000 qf.which was made in V. 90, p. 1236:
$250,000 4% causeway-bridge bonds. Maturity 40 years, subject to call
bonds was defeated by a 2 to 1 vote.
m. after 10 years. ;i. v.
••
250,000 5% road bonds.
Maturity 40 years, subject to call after 20 years.
Dickson County (P. O. Charlotte), Tenn.—Bond Election
Interest semi-annually in New York. Austin and Galveston.
Bid must
Proposed.—This county proposes holding an election late be for both issues and be accompanied by a certified cheek for $10,000,
made
payable to the County Judge. Purchaser to pay accrued Interest
in the summer for the purpose of obtaining the opinion of
from April 10 1910.•,
./
^
the voters on a proposition to market $100,000 publicGloversville,
Fulton
County,
N.
Y.—Bonds
Awarded ip
highway bonds.
Part—Bond Offering.—On May 25 $20,0(30 of the $100,000
DlflBn, Marion CoUnty, So. Caro.—Bonds Proposed.— 4% registered sewer-construction bonds described in V. 90,
According to reports, this town has under consideration the
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issuance of bonds for sewers and water-works.
Dysart, Tama County,
Iow4 .—Bonds Voted.—A recent
election resulted in favor of
&,
1057, were awarded to Crawford Getiffan of Cleveland,
Y., at par and interest. Proposals for the remaining
$80,000 bonds will be received until 2p.m. June 24. Ma¬
.
a proposition to issue not ex¬
turity Nov. 1 1945.ceeding $20,000 water-works bonds. * The vote was 182 “for”
Goshen Union Free School District No. 8 (P. O’. Goshen),
to 45 “against.”
Orah&e County, N. Y.—Bond Offering.—Proposals will be
East Alton, Madison Dounty, III.—Bond Election.—The received until
3p.m. June 6 by the Board of Education,
question of issuing bonds to build a water plant to furnish W. Coleman, Clerk, for $63,000 4^% coupon bonds.
fire protection will be submitted to the voters some time
Denomination $1,000.
Date June 15 1910.
Interest semi-annually it
this month.
East Bridgewater, Plymouth County, Mass,—Bond
—The following 4% bonds.offered on May 31 (V.90, p.
were
sold to R. L. Day
Sale.
1437)
& Co. of Boston at 100.039:
$5,000 1-5-year (serial) highway bonds, $7,000 3-9-year (serial) sewer
The securities are dated
JunQ. 1 1910., T Interest sejnl-annpal.
bonds and $7,000 1-14-year (serial) water bonds.
v,
Elisabeth School District (P.
N. J\—No Bond Election.—We
stating that
May 17 are
Goshen National Bazik.; Maturity pp^June 15 as follows:
$3,000
yearly from 1912 to 1924 Inclusive and $4,000 yearly from 1925 to 1930
Inclusive;The district has no debt at present.
Assessed valuation 1909,
$1,661,267 24.
* *.yJ
;
the
a $100,000
erroneous-.
6. Elisabeth), Union County,
are
advised that the reports
building-bond election would be held
Elgin Independent School District (P. 0, Elgin), Bastrop
County, Tex.—Bonds Registered.-—The State Comptroller
registered $10,000 5% .10-35-year (optional) bonds on
April 28.
Ellis County (P. O. Waxahatchie), Tex.—Bond Election.—
It is reported that an election will be held June 25 in the
Red Oak Justice Precinct
road bonds.
on
the question of issuing $70,000
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Grand Rapids. Mich.:—Bond Sale.—Local1 pape
papers state
that the $50,000 4% 20-year coupon rapid-sana-filtration
bonds awarded on April 25 to the Detroit Trust Co. of
Detroit, but subsequently refused By thein (V. 90, p. 1438),
have been purchased by the Sinking Fund Commissioners
as an investment.
"
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Greensboro, No. Caro.—Bond
received until 2:30 p. m.
and the Board of
bonds.
.
Offering.—Proposals will be
June 10 by E. J. Stafford, Mayor,
Aldermen, for $35,000 5% coupon school
Authority an Act of the General Assembly passed Feb. 1 1908; also elec¬
tion held April 26 1910. „ Denomination. $1,000. , Date July 1 1910.
Interest semi-annually at the City Treasurer's office.
Maturity July 1
1940.:
Bid must be made.on a form furnished by the city and be accom¬
panied by a certified check on some banking!house in the United States,
for 2% of bonds :bld for, made payable to the City Treasurer*
Purchaser
to pay accrued Interest. ; Official circular states that the validity of these
bonds will be passed upon by James H. Caldwell of New York City and
Thos. J. Shaw oi Greensboro.
4
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El Reno, Canadian County, Okla.—-Purchase of Water
Greenville, Pitt County, No. Caro.—Sale of Borids Author¬
Planf, Defeated.—Reports state that an election held May 24 ized—On May 16 an ordinance Was passed for the sale of
resulted in the defeat of a proposition for the city to purchase the following bonds to be dated JUly 1, 1910: $100,000 for
for $120,000 the plant of the El Reno Water Co.
It is further
reported that the city will now proceed to sell the $251),000
water and sewer bonds voted (V. $0, p. 1116) off April 5.
Excelsior School District (P. 0. Byron), Contra Costa city will hold an election June 2$ to vote on the follovdng
County, Cal,—Description of Bonds.—We are advised that bond issues: $35,000 electric light, $75,600 gas; $50,000
the $4,500 5% building bonds awarded on May 2 (V. 90, water-works, $50,000 street-improveffient and $50,000 sewern., 1315) to. B.; Fernandez for $4,610 (102.444) are dated
t
improvement bonds.
May 2 1910. Denomination $500. Interest annual. Ma¬
Hancock, Mich -Bond <SoZe.-rThis city sold $17,624 68
turity part yearly from one tannine years.
6% I-4-year (serial) sidewalk-conBtruction assessment bonds
Fall River, Bristol County, Mass.—Loon Authorized—X on April 18 to the Houghton National Bank of Houghton at
loan of $50,000, to he used for sewers, has, ii is stated, been pa#u Denomination $4,406 17Interest Jan. and July,.
authorized by the Aldermanic Committee of this city.
Harlingen, Cameron County, Tex.—Bond Election Propose$~-Steps are being taken to, request the,City Council
Fergus County School District Bo* $2 (P. 0.
Mont.—Bond Sale.—An issue of $6,0()0 5% school-building to call an election for the purpose of deciding whether or not
,
1506
the
THE CHRONICLE
city shall issue bonds for
water works and street im¬
provements.
Harrison County (P. O. Logan), Iowa.—Bond Offering.—
Proposals will be received until June 10, according to reports,
by the County Auditor for $21,170 Latta Drainage Ditch
District bonds.
Hartford, Conn.—North West School District.—Loan
Election.—At an election to be held June 8 a vote will be
taken on the question as to whether or not the District Com¬
mittee shall have authority to borrow $49,500 to pay for the
recent addition to the school
building.
Haverstraw Union Free School District No. 1 (P. O. Haver-
straw), Rockland County, N. Y.—Bond Sale.—On May 28
the $55,000 5% school-building-addition bonds described in
V. 90, p. 1438, were sold to Berdell Bros, of New York
City
at 104.67 and accrued interest.
,
The other bidders
were:
Spltzer & Co., New York
al04.697 N. W. Harris & Co., N. Y...103.30
Parkinson & Burr, N. Y
W. N. Coler & Co., N. Y
104.28
103.21
Adams & Co., New York.__.104.27
Douglas Fenwick & Co., N.Y.103.16
George M. Hahn, New York. 104.03
Farson, Son & Co., N. Y
102.123
A. B. Leach & Co., N. Y
103.57
First Nat. Bank, Cleveland. .101.51
a Owing to a technicality, bid was riot
accepted.
Maturity 52,750 yearly on Dec. 1 from 1910 to 1929 inclusive.
Hawkinsville, Pulaski County, Ga.—Bond Election Pro¬
posed.—A petition is being circulated requesting Council to
call an election for the issuance of $25,000 water-extension
and $10,000 additional school-building bonds.
Henderson County (P. O. Henderson), Ky.—Bond Elec¬
tion.—It has been decided by the officials of this county to
submit a $20,000 4% county-jail bond proposition to the
voters at the general
election in November.
Hill
Bonds
County Common School District No. 106, Tex.—
Registered.-—An issue of $2,500 5% 15-20-year (op¬
tional) bonds was registered on April 26 by the State Comp¬
troller.
Hillsboro, Montgomery County, HI.—Bonds Defeated.—
on April 19 defeated a
proposed bond issue.
Hinckley, Oneida County, N. Y.—School Loans Defeated.—
A special school meeting held May 27 resulted in the defeat
of two propositions to raise money for school
purposes
The first proposition was to raise $10,000 to rebuild ard add
to the present school building and the second to raise
$12,00#
The voters
for
an
entirely
new
school.
Authority an Act of the Legislature approved March 23 1899. Denomlnation not less than $1,000 nor more than $10,000, as the bidder may elect
Interest Jan. 1 and July 1.
Maturity thirty years. Certified check or
oash for $2,500 Is required
The official notice of this bond offering will be found among
the advertisements elsewhere in this
-
LXXXX.
Trust Co. in Indianapolis.
Maturity $25,000 on July 1 1940 and $50,000
on July 1 1941.
Bonds are exempt from all taxes and will be delivered on
July 1 1910.
Bid must be submitted In an envelope furnished by the
School Commissioners and be accompanied
by a certified check for 3% of
bonds bid for, drawn on a bank or trust
company in Indianapolis and made
payable to the aforesaid Commissioners.
>
Ionia, Ionia County, Mich.—Bonds Voted.—The proposi¬
tion to issue $50,000 bonus fund bonds submitted
to the
electors on May 23 (V. 90,
p. 1378) carried, according to
local papers, by a vote of 792 to 66.
Italy Independent School District (P. O. Italy), Ellis
County, Tex.—Bonds Voted.—On May 24 the electors of
this district authorized the issuance of
$8,000 school-building
bonds by a vote of 128 to 20.
Jack County Common Schoo 1 District, Tex.—Bonds
Regis¬
tered.—The State Comptroller on April 29
registered $700
5% bonds due in ten years but subject to call after one year.
Jackson, Mich.—Bond Offering.—Proposals will be re¬
ceived until 5 p. m. June 6 by Jode
Harrington, City Re¬
corder, for $48,500 paving, sewer and bridge bonds.
Denomination $1,000, except one bond of $500.
Date July 1 1910Interest (rate to be named in bid) payable
semi-annually.
July 1 1930. Certified check for $500, made payable to the “City Maturity
of Jackson," is required.
If bid Is made for part of the issue the check need
only
be for 10% of that amount If the bonds are not
accepted
by
Aug.
1 1910,
the purchaser must pay accrued Interest,
Jackson, Jackson County, Ohio.—Bond Election Proposed.
village proposes to hold an election to vote on the
question of issuing $16,000 light bonds. We are informed,
however, that all action in the matter has been deferred for
the present, owing to the new tax law.
Jacksonville, Morgan County, Ill.—Bonds Defeated,—The
proposition to issue the $35,000 municipal-light-plant bonds
mentioned in V. 90, p. 999, was voted down at an election
held April 19.
Jeannette School District (P. O. Jeannette), Westmore¬
land County, Pa.—Bond
Offering.—Proposals will be re¬
ceived until 8 p. m. June 13 for $50,000 4J^%
improvement
—This
bonds.
Denomination
$1,000.
Date
April
1
1910
Interest
semi-annual.
Maturity $10,000 on April 1 in each of the years 1920, 1925. 1930, 1935
and 1940.
The bonds are tax-exempt.
Certified check for $500, payable
to A. L. Leonard, Treasurer Board of Education, Is
required. W. S.
Jones is President and M. J. Freshwater Is Secretary Board of Education.
The
Hoboken, N. J.—Bond Offering.—In addition to the $250,000 school bonds to be offered at 4 p. m. June 8
(V. 90, p.
1438), proposals will also be received at the same time and
place by James H. Londrigan, City Clerk, for $18,000 watermain, $54,000 city-hall and $60,000 school-house 4 J^%
coupon or registered refunding bonds.
.
[VOL.
Department.
Holyoke,Mass.—Temporary Loan.—According to reports,
this city has borrowed $75,000 from Loring, Tolman &
Tupper of Boston. Loan matures Nov. 9 1910.
"Houston County Common School District No. 56, Tex.—
Bonds Registered.—An issue of $1,000 5%
10-20-year (op¬
tional) bonds was registered on April 22 by the State Comp¬
troller.
Houston County Common School District No. 60, Tex.—
Bonds Registered.—On April 22 the State
tered $1,200 5% 20-year bonds.
Comptroller regis¬
Hunter
official notice of this bond offering will be found among
Department.
Jefferson County (P. O. Beaumont), Tex.—Bonds to Be
Offered Shortly.—We are advised, under date of May 17, that
the $75,000 road bonds mentioned in Y. 90. p. 574,
will be
placed on the market in about one week. They will carry
5% interest and mature in forty years
Jennings Township, Van Wert County, Ohio.—Bond Sale,
—J. N. Bailey was the successful and only bidder on
May 12.
for the $8,000 4% coupon road bonds, due $1,000
yearly
on Sept. 15 from 1921 to 1928 inclusive and described
in
V. 90, p. 1254.
Jerusalem Township School District, Lucas County, Ohio.
—Bonds Not Sold.—No bids were received on May 28
for
$1,000 5% school-building bonds offered on that day,.
the advertisements elsewhere in this
Authority Section 3994, Bates Revised Statutes and Section 7629, Gen¬
Denomination $500.
Date. June 7, 1910.
Interest semi¬
annually at the Treasurer’s office. Maturity $500 on June 7 In 1911
and 1912.
No debt at present.
Assessed valuation 1909, $417,550.
eral Code.
Johnstown
School
District
(P. O. Johnstown), Pa.—
Board of School Comp¬
$55,000 school-building-
Bonds Authorized.—On May 10 the
trollers authorized the issuance of
addition bonds.
Joliet, Will County, Ill.—Bonds Defeated. — The voters
of this city at the election held April 19 (Y. 90,
p. 648)
defeated the propositions to issue $25,000 water-works and
Drainage District, Mesa County, Colo.—Bond
Offering.—Proposals will be received until 2 p. m. June 6
by C., S. Kirkendall, President Board of Directors (P. O. $50,000 city-hall bonds.
Jones County (P. O. Anson), Tex.—Bonds Registered.—
R. F. D. No. 1, Fruita), for $6,000 6% bonds.
The $100,000 5% 10-40-year (optional) coupon court-houseAuthority an Act of the General Assembly approved April 24 1909.
Denomination $100.
Interest semi-annual.
Certified check for $300 Is
construction bonds disposed of during March to Woodin,
required.
McNear & Moore of Chicago at 100.90 (V. 90, p. 867) were
Huntington, Cabell County, W. Va.—Bond Offering.— registered on April 28 by the State
Comptroller.
Proposals will be received until 12 m. June 23 by the Board
City Commissioners for the following bonds voted on
May 3 (V. 90, p. 1315):
of
$80,000 5% bulldlng-slte bonds due in 30 years.
75,000 5% paving and sewer bonds (fifth series) due in 30 years.
225,000 6% street-improvement bonds due $45,000 on June 1 in each of the
years 1912, 1914, 1916, 1918 and 1920.
Interest annually and is payable on the first two Issues mentioned at the
Fifth-Third National Bank of Cincinnati and on the last-mentioned Issue
at the First Trust Co. Savings Bank in Huntington.
Denomination $500.
Date June 1 1910.
Floyd S. Chapman is the Commissioner of Finance,
Kansas City School District (P. O. Kansas City), Jackson
County, Mo.—Bonds Voted.—The election held May 28 to
vote on the question of issuing $750,000 4% gold
coupon
school-building bonds (V. 90, p. 1378) resulted in favor of
the same.
The vote was 2,818 “for” to 279
“against.” A
two-thirds majority was necessary to carry.
Denomination $1,000.
Date July 1 1910.
Interest seml-annuallv in
New York City.
Maturity twenty years. The date of offering has not
Taxation and Public Utilities.
yet been decided upon.
Huntington School District (P. O. Huntington), Sebastian
County, Ark.—Bonds Voted—Bond Offering.—The proposi¬
tion to issue the $15,000 school-building bonds, at not ex¬
ceeding 6% interest (V. 90, p. 1315), carried by a vote of
186 to 17 at the election held May 21.
Proposals for these
Kearney, Buffalo County, Neb.—Bond Election.—This
city will, according to reports, hold an election June 7 for the
purpose of voting on the question of issuing $125,000 water
bonds.
An ordinance has been passed
King County School District No. 26, Wash.—Bond Offer¬
ing.—Proposals will be received until 11 a. m. June 6 by
Matt. H. Gormley, County Treasurer, at Seattle, for $3,500
coupon school-building bonds at not exceeding 6% interest.
Authority an Act of the Legislature approved March 1 1909. Denomlation $1,000.
Date July 1 1910. Interest semi-annually at the Indiana
Kingfisher School District (P. O. Kingfisher), Kingfisher
County, Okla.—Bonds Not Sold—Bond Offering.—No sale
was made of $15,000 5%
high-school-building>bonds offered
bonds will be received at
once.
Huntsville, Madison County, Ala.—Bonds Authorized.—
providing for the issuance of
$40,000 Church Street paving bonds.
Indianapolis School District (P. O. Indianapolis), Ind.—
Bond Offering.—Proposals will be received until 12 m.
June 16 by John E. Cl eland, Business Director of the Board
of School Commissioners, for $75,000 3}^%
coupon schoolreal-estate and improvement bonds.
;
Authority election held April 30 1910.
Denomination $500.
Interest
semi-annually at the County Treasurer’s office or at the fiscal agency of the
State of Washington In New York City, at the option of the purchaser.
Maturity 5 years, subject to call after 2 years. Certified check or draft
for 1 % of bonds bid for, made payable to the County Treasurer, Is- required.
The securities will be ready for delivery on July 1 1910.
Bonded debt,
this Issue.
Assessed valuation $209,936.
t*
June 4 1910. |
THE CHRONICLE
on May 18.
A bid of 95 was received from Geo. I. Gilbert
of Oklahoma City.
Proposals are again asked for these
bonds and will be received this time until 8p.m. June 6.
Kingsville, Ashtabula County, Ohio.—Bonds Defeated.—
down a proposition to issue $10,000
This village has voted
town-hall bonds.
Klamath Falls, Klamath County, Ore.—Bonds Voted.—
The $20,000 city-hall and garbage grounds bonds mentioned
in V. 90, p. 1316, were approved by the voters on May 21.
New Charter Adopted.—The same election (May 21) re¬
sulted in the adoption of the new city charter.
Klickitat County School District No. 63, Wash.—Bond
Offering.—Proposals will be received until 1 p. m. June 11
by Jacob Crocker, County Treasurer (P. O. Goldendale), for
$2,000 school bonds at not exceeding 6% interest.
Denomination $400.
Date July 1 1910.
Interest semi-annually at the
County ’rreasurer’8 office or at the State fiscal agency In New York.
Ma¬
turity $400 yearly from 1916 to 1920 Inclusive.
Leflore County (P. O. Greenwood), Miss.—Bond Offering.
—On June 6 the Board o Supervisors will offer for sale
$40,000 of
an
issue of $100,000 5% bonds.
Denomination $500.
Interest Jan. 3 and July 3. Certified check for 2 %
of bid is required.
Bonds will be ready for delivery at once. C. W.
Crockett is Clerk.
Lehi, Utah County, Utah.—Bonds Voted.—The issuance of
$40,000 school-building bonds was authorized by a vote of
89 to 69 at an election held May 18.
Lewis, Cass County, Iowa.—Bonds Defeated.—A proposi¬
tion to issue $4,000 bonds for the purchase of the electriclight plant met with defeat at an election held April 25. The
vote was 150 “for,? to 120 “against,” two-thirds majority
being necessary to authorize.
Lexington, Rockbridge County, Va.—Bond Election Post¬
poned.—The election which was to have taken place May 12
(V. 90, p. 1254) to vote on the question of issuing the $30,000
street and funding bonds was postponed until June 15.
Liberty Township, Crawford County, Ohio.—Bond Sale.—
On May 26 $14,000 5% coupon road-improvement bonds
were sold to the Farmers’
Exchange Bank of New Washington at 108.107 and interest.
Following are the bids:
.
.
Farmers’ Exchange Bank.
I Otis ds Hough, Cleveland.$14,915 00
$15,135 00 Citizens’ Nat. Bk..Wooster 14,910 50
Washington
Seasongood &Mayer, Cine. 14,968 50IBucyrus City Bank, BuWell, Roth & Co.. Cine._ 14.957 601
cyrus
14,767 00
Authority an Act of the General Assembly passed April 16 1900. De¬
nomination $500.
Interest March 1 and Sept. 1 at the office of the Township Trustees. Maturity $3,500 yearly on Sept. 1 from 1920 to 1923 In¬
New
.
clusive.
Lincoln County Irrigation District (P. O. Hugo), Colo.—
Bond Offering.—Proposals will be received until 10 a. m.
June 8 by the Board of Directors for $300,000 6% bonds.
Authority Act of General Assembly approved May 3 1905.
i
Denomina¬
tion $500.
Date June 1 1910. Interest semi-annual. No bid for less than
95% of face value of the bonds will be considered. F. E. Ewing is Secretary
of the Board of Directors.
»
Lincoln School District (P. O. Lincoln), Neb.—Bond Elec¬
tion.—This district, according to local papers, will in all
probability hold an election in the near future for the pur¬
pose of having the voters pass upon a proposition to issue
school bonds amounting to $315,000.
Lonsdale (P. O. Knoxville), Tenn.—Bond Offering Post¬
poned.—The offering of the $30,000 5% registered street,
school and sanitary bonds which was to have taken place
April 5 (V. 90, p. 927) has been postponed for the time being.
Tne reason for this, it is stated, is that no provision was
made in the original ordinance for the creation of a sinking
fund for the retirement of the bonds at maturity.
A new
ordinance containing this additional clause is now before the
•
‘
Council.
Los Nietos School District, Los Angeles
Bond
election held May 9 1910.
V. E. Stephenson Is Secretary Board of Education.
Lusk, Converse County, Wyo.—Bonds Voted.—This town,
stated, has voted to issue $14,000 bonds for a municipal
water plant.
McCulloch County (P. O, Brady), Tex.—Bond Election
Proposed.—Reports state that a petition will be presented to
the Commissioners’ Court asking for an election to vote on
the issuance of $75,000 bonds for the improvement of roads
in the Brady Precinct.
McMinnville, Yamhill County, Ore.—Bonds Voted.-—The
voters on April 4 authorized the issuance of $3,000 park-im¬
it is
provement bonds.
To extend, City Limits.—At the same election (April 4), a
proposition to extend the city limits and take in about 1,000
residents also carried.i
:
Malden, Mass.—Temporary Loan.—Bond & Goodwin of
have, it is stated, been awarded a temporary loan of
$100,000, payable Nov. 1 1910, at 3.94% discount and a
premium of 60 cents.
Manassas, Prince William County, Va.—Bonds Defeated.—
An election held May 26 resulted, it is stated, in the defeat
of a proposition to issue $30,000 water-system bonds.
Manchester, Mass.—Loan Offering.—Proposals will be
received until 12 m. June 7, it is stated, for the discount of a
loan of $40,000 due Nov. 9 1910.
Mansfield, Richland County, Ohio.—Bond Sale.-^-The fol¬
lowing bids were received on May 27 for the six issues of
bonds offered on that day and described in V. 90, p. 1379:
Boston
$23,300 5%
Richland
Savings Bank, Mansfield
Seasongood & Mayer, Cincinnati
Otis & Hough, Cleveland
$19,200
$11,300
4% Bonds.
5% Bonds.
*$23,300 00
$19,200 00
5% Bonds.
$11,300 00
23,301 00
$3.0005%
*19,665 00
19,412 00
$3,000 5%
Sturges St.
*11,574 00
Bonds.
Bonds.
Foster St.
Bonds.
Seasongood & Mayer, Cincinnati
Otis & Hough, Cleveland—
11.425 00
$2,100
5%
*$3,069 00
*$3,069 00
*$2,148 00
3,034 00
3,034 00
2,124 00
3,022 10
3,020 58
“
Richland Savings Bank, Mansfield.,_
3,000 00
3,000 00
2,100 00
*
Reports state that these bids were successful.
A premium of $358 50 for all the bonds was offered by Breed & Harrison
of Cincinnati, but this bid was rejected “because of disregard of terms of
bidding.’*
—
Bank of Mansfield
Manti City, Sanpete County, Utah.—Bond Offering.—
Proposals will be received until 8:30 p. m, June 6 for $25,000 electric-light-plant and $15,000 water-works-system
6% gold coupon bonds.
Authority, Chapter 18, Revised Statutes for 1908; also election held
April 2 1910.
Denomination $1,000.
Interest Jan. 1 and July 1 at the
City Treasurer’s office.
Maturity July 1 1930, subject to call after July 1
1920.
Total indebtedness, Including these issues, $46,000.
Assessed
valuation, $603,000.
Actual value (estimated), $1,800,000.
Wm. B.
Lowry Is Mayor and Christen Axelsen is City Recorder. These bonds were
offered as 5s (V. 90, p. 1316) on May 18.
Marblehead, Blass.—Temporary Loan.—This town, award¬
a temporary loan of $20,000 on June 1 to Bond & Good¬
win, of Boston at 4.15% discount. Loan maturesFeb. 81911.
Blarion, Ohio.—Bond Offering.—Proposals will be received
until 12 m. June 8 by Harry S. Elliott, City Auditor, for
$4,500 4% funding street-improvement bonds. ’
’ V"
ed
Denomination $500.
Date March 1 1910.
Interest semi-annual.
turity $500 on March 1 In each of the years 1911 and 1912
six months from March 1 1913 to March 1 1916 inclusive.
for $500 Is required.
'
Ma¬
and $500 each
Certified check
y
Marlin School District
(P. O. Marlin), Falls County, Tex.
—Bonds Registered.—The $15,000 5% 10-40-year (optional)
school-building bonds voted on Feb. 23 (V. 90, p. 648), were
registered by the State Comptroller on May 13.
y-.v
Marquette, Marquette County, Blich.—Bonds Voted.—
An election held May 30 resulted in favor of a proposition
to issue $75,000 water-works bonds, according to local papers.
Mason Special School District (P. O. Mason), Warren
County, Ohio.—Bond Offering.—Proposals will be received
until 12 m. June 8 by the Board of Education, W. N. Cox,
Clerk, for $25,000 4>£% school-building bonds.
Authority election
held
Oct.
16
1909.
Denomination
$250.
Date
June 1 1910.
Interest March 1 and Sept. 1.
Maturity $750 each six
months from March 1 1912 to March 1 1928 Inclusive and $250 on Sept. 1
1928.
Bonds are tax-exempt.
Certified check for 5% of bonds bid for,
made payable to the Board of Education, Is required.
Medford, Grant County, Okla.—Bond Sale.—According to
City at
•
•»
par.
Medina County Road District No. 1 (P. O.
Medina), Ohio.
Offering.—Proposals will be received until 1 p. m.
by C. R. Warner, Secretary of the Board of Road
Commissioners, for $2,500 4% coupon road-improvement
—Bond
June 11
bonds.
Authority Sections 2294, 2295, 7124, 7125 and 7126, General Code.
Date June 15 1910.
Interest on March 1 and Sept 1.
Maturity $500 each six months from March 1 1919 to March 1 1921 Inclusive.
Certified check for 2% of bid. payable to the Secretary of the Board, Is
required. Purchaser to furnish blank bonds and pay accrued Interest.
Denomination $500.
Date July 1
1910.
Interest annually at Luverne.
Maturity July 20 1920. Certified
check for $500 Is required.
This district has no debt at present.
Assessed
valuation for 1909, $535,104.
Actual value (estimated), $1,000,000.
more
Denomination $500.
Date July 1 1910,
Interest semi-annually at the
Mechanics’ National Bank In New York City.
Maturity July 1 1939, sub¬
ject to call after July 1 1929.
Bonds are exempt from all taxes.
Certi¬
fied check for $1,000, payable to the Probate Judge, Is required.
reports,the$18,000electric-light-plant and the $12,000 wateris extension 6% bonds, offered without success on April 20
(V. 90, p. 1193), have been sold to A. J. McMahan of Okla¬
homa
bonds.
an
Madison County (P. O. Huntsville), Ala.—Bond
Offering.
—Proposals will be received until 12 m. June 8 by W. T.
Lawler, Probate Judge, for the $50,000 4}^% gold coupon
refunding road bonds mentioned in V. 90, p. 721.
County, Cal.—
Offering.—Proposals will be received until June 6, it
stated, for $12,000 bonds.
Louisville, Cass County, Neb.—Bond Sale.—The $5,000
5% coupon town-hall bonds described in V. 90, p. 1316, were
awarded on May 16 to S. A. Kean & Co. of Chicago at par.
There were no other bidders.
Maturity $500 yearly on
March 1 from 1921 to 1930 inclusive, bonds being subject
to call, however, after 1920.
Luveme Independent School District (P. O. Luveme),
Kossuth County, Iowa.—Bond Offering.—Proposals will be
received until 8p.m. June 10 for $6,500 5% school-building
Authority vote of 71 to 6 at
1507
Melrose, Blass.—Bond Sale.—On June 1 the $10,000 30year sewerage and the $10,000 1-10-year (serial) water 4%
coupon bonds described in V. 90, p. 1439, were sold.
The
former issue was awarded to Blake Bros. & Co. of Boston
at 103.12—an interest basis of about 3.825%; and the latter
issue was awarded to Geo. A. Fernald & Co. of Boston at
100.318—an interest basis of about 3.936%.
Purchasers
to pay
accrued interest.
The following bids
Water
Bonds.
Geo. A. Fernald & Co., Boston
Blake Bros. & Co., Boston
al00.318
Blodget & Co., Boston
R. L. Day & Co., Boston
N. W. Harris & Co., Boston
Old Colony Trust Co., Boston.
Crocker & Fisher, Boston
E. M. Farnsworth & Co., Boston
Estabrook & Co., Boston
Adams & Co., Boston
Edmunds
Bros., Boston
*•
alOO.Oll
■,-v
-
i!
a
And accrued Interest.
-
i_
were
received:
Sewer
Both
Issues.
Bonds.
al02.46
al03.12
al02.58
al02.289
al00.779
<zl01.299
al01.249
.y:...:.
y
..--V
al01.163
v
al01.15
al00.809
<zl00.643
100.60
...
.mIi lo +f.fiv
f-i.'. J Viul
t
•
THE CHRONICLE
toted.—It is gtfctfed tot the
ment bo^ds Was awarded on May 28 to Hayden, Miller
of Cleveland at 105.145.
The bids were as follows:
Mayor and Broil'd, of Aldermen have beeh petiti6h6d by the
proj&ifty copters to isSu# ft5",0t)0 6bhbol-bui|dihg bonds.
Kittitas Irrigation District,
Middle
will
Wash .-r-Bond fiffering.—Proposals
he
a. m. June 8 by the Board of directors, M.
Kittitas
received until 10
TTT
Wooster
Miller, Hand County, So. Dak.—Bond Election.—The ques¬
wells and water
10, according to
,
Nov. 1 1910.
Mitchell County (P. O.
Colorado), Tex.—Bond Election.—
The electors of this county will decide June 28 on the question
of issuing $30,000 5% road-improvement bonds.
Mobile County (P. O. Mobile), Ala.—Bond Election.—
Ah election will be held in this
county next November for
of ascertaining the opinion of the voters on a
proposition to issue $500,000 in bonds to be used for the im¬
provement of highways.
Monroe, Monroe County, Mich.—Bond Election.—& special
election is to be held June 14, it is stated, to decide on the
question of issuing $14,000 bonds for paving purposes. ;
Mountain View School District, Stanislaus County, Cal.—
Bond Sale.—The $1,000 5% 9-10-year (serial) furnishing
bonds, proposals for Which were asked until May 10 (V. 90,
p. 1255), were bought by the First National Bank of Modesto
at par.
Denomination $500. Date May 10 1910. In¬
the purpose
terest annual.
Mt.
Sterling, Brown County, HI.—Bonds Not Sold.—No
satisfactory bids were received on May 28 for the $10,000 4%
4- 13-year (serial) coupon sidewalk and street bonds offered
on that day and described mV. 90,
p. 1439.
Murray School District (P». 0. Murray), Salt Lake County,
Utah.—Bond Sale.—The $35,000 5% gold coupon schoolbuilding bonds described in V. 90, p. 1379, were awarded on
May 25 to L. M. Burntrager & Co. at 101.11 and accrued in¬
terest.
The following bids were also received:
Central Sav. Bk\ A Tr. Co-v— $35,286 Coffin A Crawford, Chicago. _$35.014
Cutter, May & Co,, Chicago.
35,136 Wop din, McNear <&Moore,Ch. 35,007;
C. H. Coffin, Chicago
35,000
35,036 S. A. Kean A Co., Chicago
Maturity 20 years, subject to call after 10 years.
_
*
Napoleon, Ohio.—Bond Offering.—Proposals will be
re¬
ceived until 12 m. June 6 by G. E. Rafferty, Village Clerk,
for $9,000 Welsted St. ahd $10,600 Scott St. 4)4% paving
assessment bounds.
The forther Issue Is hi denominations of $900 each and-the latter Issue is
in denominations oif $1,060 each.
;
Authority Section 1536-281, Revised
Statutes, and Section 3914, General Code.
Date March 1 1910.
Interest
Maturity one bond of each issue yearly on March h.rom
191* to 1920 Inclusive. Bid must be made on each Issue separately and be
accompanied by a certified check for $400, made payable to the Village
Treasurer.
t
semi-annual.
Nebraska City School
District (P. O. Nebraska City), Neb.
—Bonds Voted.—The election held May 24 resulted in favor of
the proposition to issue the $80,000 high-school-building
bonds, mention of which was made in V. 90, p. 1000.
Neg$tineb, Marquette County, Mich.—Bonds Voted —
This place at an election held May 30 authorized the issuance
of
$30,000 bonds.
Nephi, Juab County, Utah.—Bonds Proposed.—Reports
state that it has been decided to issue $15,000 bonds for a
new light plant.
New Haven County (P. O. New Haven), Conn.—Bond
Offering.—Proposals will be received until 10 a. m. to-day
(June 4) by the County Commissioners—J. D. Walter, J.
Geddes and J. Wilkinson—for $300,000 4% gold coupon
bonds.
These bonds are part of an issue of $800,000 author¬
ized by an Act passed by the Legislature in January 1909.
Denomination $1,000.
Date Nov. 1 1909.
Maturity 25 years, provision
being made, however, to retire 20 bonds yearly (numbers to be determined
by tot), upon six months’ nctloe ^nd payment of 2 ft % premium. Certified
check for 2% of bid, payable to the County Treasurer, is required.
New York City .—Bond Sale.—The bonds below were pur¬
Sinking Fund of this city at par during the
chased by the
month of May:
Purpose—
Various municipal purposes
The following revenue
also issued during May:
-
_
j
,
Rateoflnt.
3
Maturity.
1959
$42,786
bonds (temporary securities)
,
4
vInterest.
Revenue bonds, current expenses
bonds, current expenses
Revenue bonds, current expenses.
Revenue bonds, current expenses
Revenue bonds, current expenses
Revenue bonds, current expenses
were
;...
Revenue
4ft
4
Revenue
Revenue
.3 4-5
_3 ft
3
4ft
4ft
bonds, special
bonds, special
Amount.
Amount.
$13,200,000
2,413,932
,
3ft
Total
2,409,064
4,830,235
5,000,000
3,700,000
200,000
75,000
$31,828,231
Sale of Warrants.—Kuhn, Loeb & Co. have sold to Paris
bankers a block of $10,000,000 revenue warrants and a
further block of $7,500,000 has gone to. Paris through
Goldman, Sachs & .Go. t
'
;
.
.
New Haven T6wn£Ki$ (Pt O. New Haven), Huron County,
Ohio.—Bond Sale.—An issue of $12,000 5% road-improve¬
,
.
25
40
00
Niles, Ohio.—Bond Bole.—The $2,000 4^% 8-9-year
(serial) coupon Park Avenue extension bonds and the
$1,467 30 5% coupon Mill Street seWer bonds, due $293 46
yearly on Sept. 15 from 1911 to 1915 inclusive, were sold oh
May 26 to the Citizens’ National Bank of Wooster. The
Denomination $500.
Milton, MasS.—Temporary Loan.—A temporary loan of
$25,000 has been awarded, ft is stated, to the Boston Safe
Deposit & Trust Go. at 3.875% discount. Loan matures
00
12,577 55 Barto, Scott A Co.,.Column 12,300 00
Denomination $500.
D&te June
1910.
Interest semi-annual.
Ma¬
turity part yearly on June 1 from 1915 to 1920 InolusiVe.
Roliinger, W. W.
tion of issuing $6O,00O bonds for artesian
mains Will be decided by the voters on June
local papers.
& Co.
Hayden, Mnier&Co., 01ev.$12,6l7 50 SeasongoodA Mayer, Cin.$l2,562
Commercial. Bank, Chic,... 12,525
Breed A Harrison. Clncln. 12,452
Weil, Roth & Co., Clncln. 12,452
bounty,
Superling and J. S. DysaftY at the Washington National
Bank in Ellensburg, for $103,000 (or such less amount of
bonds as will produce, tfrhdii sold, $92,392 14) 6% gold
bonds.
fV6i.ubb6c.
First National Bank of Cleveland also bid for the bonds.
See. V. 90, p. 1379, for a description of these securities.
Niles School District No. 1 (P. O. Niles), Berrien
County,
Mich.—Bond Offering.—Proposals will be received until
m. June 6 by J. D. Greenamyer,
Secretary Board of Edu¬
cation, for $50,000 4^2% high-school-building bonds.
Authority vote of 3&C to 452 at an election held March 22 1910. De¬
12
nominations $500 and $1,000.
Date July 1 1910. Interest semi-annually
at the City Treasurer's office.
Maturity $2,000 yearly on July 1 from
1915 to 1924 Inclusive and $30,000 on July 1 1925.
Official circular states
that ho previous issue of bonds has ever been contested; also that Interest
and principal have always been paid at maturity.
North Andover, Mass.—Temporary Loan.—A loan of
$20,000 due Nov. 9 1910 has been negotiated, it is stated,
with the First National Bank of Boston at 3.98% discount.
North Baltimore, Wood bounty, Ohio.—Bond Election.—
An election \yill be held June 14 to vote on the
question of
issuing $20,000 bonds for a municipal light plant.
North Carolina.—Bonds Awarded in Part.—Of the $3;430,000 4% 40-year coupon refunding bonds bids’ for
which were opened on May 28 (V. 90, p. 1379),
only $1,218,500 were disposed of.
These were awarded at prices ranging
frofia par to 104.
The successful bidders were as follows:
..
H. T. Phelps, Falrview. $5,000
W. T. Weaver, Asheville 20,000
E. R. Outlaw, Eliza-
beth City.
8,000
S'. B. Davenport, New
Bern. —4,000
W. C. Coughenour, Salis¬
bury ----5,000
W-J. Armfleldand J.E.
Cox,.High Point
10,000
A 8. Rascoe, Windsor. 25,000
E. Haywood, Raleigh.. 28,500
Mrs. R. ;E. Swindell,
Raleigh-+
19,000
B. S. Jerpian,--,. —
5,000
C. N. Allen. Raleigh...
6,000
W. R. Brown, Raleigh.
3,000
,
,
Walter Bros. ,N.Y.City 50,000
Girard Fire Ins.‘ Co.,
25,000
Southern, Nat. Bank,
)Viimiagton ..,.r. . 125,000
Battery Park Bank, *
Nashvfite
.100,000
B. F. Betts, Raleigh- 20,000
J. E. Pogue, Rale gh— 35,000
— —
J. J. Thomas, Raleigh. 30.000
No. Caro. Home Ins. Co. 40,000
C. K. Durfey, Raleigh,
ex. est. of Florence
P. Tucker50,000
Fidelity Mut. Life Ins.
Co.. Philadelphia ...$25,000
Nat. Bank of
Bern 50,000
R. P. Richardson Jr. A
Co., Reldsville
10,000
A. L. Causse. Wake—
4,000
Merchants* Nat. Bank, ■, ,
**
Raleigh
70,000
J. W. Harden
10,000
Dr. D. E. Everltt.
12,000
G. E. Wilson, Charlotte 20,000
Jeff. Stand, Life Ins.
Co.. Raleigh
50,000
Raleigh Bk. & Trust Co. 25,000
S. L. Rogers, Frank-
,
101.02
101
101
,
.
-—
Philadelphia
104
103.50
101
101
101
Par
Par
Par
Par
4
Par
Par
Par
Par
f
Par
Par
....
101
100.55
100.50
100.50
100.27
llnton
Fourth Nat Bank, Fay¬
etteville
„r.,Tr—-
M.H.Fletcher, Asheville
100.25
Mut. Ben. Life Ins. Co.,
10,000
Par
15,000
1,000
Par
,
Par
*
,
-
Newark, N. J-* —200,000
Raleigh— 10,000
Briggs A Johnson, Scot¬
land Neck.—.
100.11
10,000
100.05
D.Y.Cooper,Henderson 35,000
100.034 Commercial Nat. Bank,
100.033
Raleigh
50,000
100.025 J. G Brown, Raleigh.. 35,000
Par
.,
100.25
W. B. Mann,
Par
Par
Par
Par
Par
.
...
100.002
North Dakota .—Bond Sales for
of May, the
the State:
following 4% bonds
May.—During the month
were
purchased at par by
Hamlet School District No. 101, Ward County—$800 10-year schoolbuilding bonds dated April 10 1910*
,
Juzler School District No. 20, Mercer County—$1,600 10-year school-build¬
.
..
.
,,
...
ing bonds dated March 1 1910.
Lakeside School
District No. 11,
Kidder County—$500 10-year
school¬
building bonds dated April 11910.
Walhall School District No. 6, Wells
f
.
County—$1,200 15-year school-build¬
ing bonds dated April 10 1910.
(City), Williams County—$27,500 water-work* and
funding bonds dated April 19 1910 and due April 10 1930.
Wllllston
$63,000
Noxubee County (P. O. Macon), Miss.—Bond Offering.—
Proposals will be received until June 6 by the Board of
County Supervisors, John A. Tyson, Clerk, for $12,500 5%
coupon court-house-repairing bonds.
Authority, Section 331, Code of 1906, and amendments thereto passed by
the Legislature of 1910.
Denomination $500.
Date July 1 1910.
Interest
semi-annually at the Bankers’ Trust Co. In New York City. Maturity 20
years.
Certified check for $500, payable to the President Board of County
Supervisors, is required. Purchaser to pay for the lithographing of the
bonds..
*
Oakland School District (P. Q. Oakland), Alameda County,
Gal.—No Action Yet Taken.—Up to May 10 it had not yet
been decided when the election would be held to vote on the
question of issuing the approximately $1,500,000 school
bonds mentioned in V. 90, p. 126.
Oberlin School District (P. O. Oberlin), Lorain County,
Ohio.—Bond Sale .—An issue of $3,300 5% school-addition
bonds was awarded on May 23 to the State Savings Bank Co.
of Oberlin
on a
4% basis.
Denomination $1,100.
Date July 1 1910.
-
•
*
Interest semi-annual— Ma¬
turity, $1400 Jan. 1 1911, $1,)00 July 1 l&ll and $1,100 Jan. 1 1912.
O’Pallon Township, St. Clair County, Ill.—Bonds Voted.—
On May 10 the voters decided in favor of issuing $6,000 bonds
for the construction of a rock road between O’Fallon and
Shiloh.
Omaha, Neb.—Bond Sale.—The $50,000 4>£% 20-year
park bonds described in V. 90, p. 1379, were awarded
May 26 to O’Connor & Kahler of New York at 102.579
and accrued interest—a basis of 4.306%.
The following bids
coupon
on
were
also received:
B
Boston..$51,095 00 Blake Bros. A Co,, Boston $50,396 00
50,788 50 Seasongood A Mayer, Cln. 50,275 00
Blodget it Co.,‘.Boston.
Otis & Hough. Dleveland^ 50,275 00
R. Compton Bond A
50,765 00 C, E. Denison & Co;, Clfy. 50,167 25
Mtge. Co., St. Louis
Estabrook & Co., Boston. 50,647 00 N. W. Halsey A Co., Chic. 50,011
W.
tX*
,
-t
.40 V
}± AOJlLLA ill
:
June 4 19lo.
r
:
r—
!
:
:
7
will be received until 3 p„ m. |
iSs for $50,000 engine-house-renewal, $50,000 sewerrenewal and $75,000 paving-renewal coupon bonds.
>Bond Offering .-^Proposals
Denomination $1,000.
at Kountze Bros, bank In
check on a
or cashier’8
Date July 1 1910. Interest Jan. 1 and July 1
Neve Ycvk City. Maturity July 1 1930. Certified
national bank for 2% of bonds bid for, made
payable to the “City of Omaha”, Is required. Official circular states there
Is no litigation threatened or pending affecting the legality of these bonds ;
also that there has never been any default In the payment of principal or
Interest.
Frank A
Furay Is City Treasurer.
Osceola County (P.O. Sibley), Iowa.—Bond Offering.—
Proposals will be received until 1:30 p^m. June 9 by the
Board of Supervisors for $12,655 40 drainage-district No. 10
bonds at not exceeding 6% interest.
1910. Interest semi-annually at
$1,265 54 yearly on June 1 from
Denomination $1,265 54,
Date June 1
the County Treasurer’s office.
Maturity
auditor,
....
(
Parkinson Special School District, Muskingum County,
Ohio.—Bond Offering.—Proposals will be received until 12 m.
June 10 by H. S. Fox* Clerk (P. O. R. F. D. No. 7, Zanes¬
ville), for $5,000 4% school-building bonds.
,.
.,^ ,„iAuthority Sections 7625, 7626, 7627 and 7628, General Code; also vote
of 46 to 41 at an election held April 28.
Denomination $1,000. Date
June 10 1910.
Interest semi-annual.
Maturity $1,000 on June 10 In
tr r ‘■.vv^rvr".
'.'v;
.■»'!>■ ■■*'"**■
-'-"ifr»r rn ■? rrrrrrrtTT'Tcrr"
litigation pending or threatened concerning the valldlty of these bonds,
the corporate existence or the boundaries of the municipality or the title
of the present offibers to their respective offices; also that the district has
never defaulted In the payment of any obligation.
or
Pierce County (P. O. Rugby), No. Dak,—Bond,Election.—
Reports state' that a vote will be taken June 29 on proposi¬
tions to issue $70,000 court-house and $15,000 jail bonds.
Pocatello ^dependent {School District No .1 (P. 6. Poca¬
tello), Bannock County, Idaho.—Bond Sale — On May 23 the
Central Savings Bank & Trust Co. of Denver bid $17,143,
accrued interest and blank bonds for the $17,000 10-29-year
(optional) improvement bonds described in V. 90, p.; J.380.
Oakland County,
issue ;the $80,000
Pontiac School District (P. O. Pontiac),
Mich.—Bonds Voted.—?The proposition to
school-building bonds mentioned in V. 90, p: 1440, carried
by a vote of 265,tptJ$ at,an election held May 26.
Portersvilla, Tulare County, Cal.—Bonds Yoied.^r{$he
election held May 18 resulted in favor of the $40,000 sewer,
$10,000 fire-equipment and $10,000 street-improvement
5% 1-40-year (serial) bonds mentioned in Y. 90, p. 1318.
The vote
i
327 to .18.
was
Potts town,
.
.
.
f
:
,
Montgomery County, Pa.—Bond Sale.^The
l$j$,JL9$0, 1925, ^30 and 1935. ^
$10,000 4% registered street-improvement bonds described
Paulsboro, Gloucester County, N. 3—Bond Election.— in V>. 90, p. 1380, were awarded on May 26 to local investors
According to reports, a special election will be held June 7 at 100.901. Date Sept. 1 1909. Maturity $3,000 on Sept. 1
to vote on propositions to issue $50,000 bonds for the pur¬
1934 and $7,000 on Sept. 1 1939.
m
v
chase of the water plant, $7,000 to improve the gas plant
Preble County ‘(P.,0. Eaton), Ohio.—Bond Sale.—1The
and,$6,QQQ to improve Delaware Street.
x,
,,.a
,
three issues of 4J^% bonds described in V.,90,. p. 1257, were
Pawtucket, R. I.—Bonds Authorized.—^Ordinances was disposed of on May 7 as follows: $4,200 due .part each six
passed June 1 providing for the issuance of the following 4% months from Nov. 7 1910 to May 7 1914 inclusive* and $640
bonds:
/
*4
due part each six months from Nov. 7 1910 ,to May 7 1920
$200,000 refunding bonds maturing In forty years.
inclusive, awarded to the Preble County National Bank of
40,000 public park bonds maturing In forty years.
ea<&of the years
v
.
,
,
4
„
.
90,000 sewer bonds maturine In forty years.
125,000 highway and bridge bonds maturing In forty years.
125,000 water-works construction bonds maturing $25,000 in
t;
years 1915. 1020, 1925, ,1930 and 1935. ;=
;
each of the
Pelham Manor, Westchester County, N. Y.—Bond Offer¬
ing.—Proposals will be received until 8 p. m. June 6 by
W. P. Brown, L. W, Francis and Walter Scott,. Board of
Village Trustees, for $10,000 registered street-improvement
bonds at not exceeding 5% interest.
: a.i-<*.
Authority, Section 128, Chapter 64, Village
Laws of 1909.
Denomi¬
Central
nation $1,000.
Date June 10 1910. Interest semi-annually at the
Trust Co. In New York City, and will be payable In New York exchange
If requested by the holder.
Maturity $1,000 yearly on June 10 from 1915
to
Bid must be unconditional and
1924 inclusive.
be accompanied by a
State for
certified check on an incorporated State or national bank of this
5% of bonds bid for, made payable to the “Village of Pelham
The
boqds will be delivered on
Pendleton County
June 10 1910.
,.r
v
Manor.”
?
^
(P. O. Falmouth), Ry.—Bond Offering.
—Proposals will be received until 11 a. m. June 10 by E. S.
Clarke, County Judge, for $40,000 4^% gold coupon turn¬
pike refunding bonds.
~
- v
Denomination $500.
r
.
,
»
Interest semi-annually at the
Date July 1 1910.
National Park Bank in New York City.
Maturity $2,000 yearly on Julyl
from 1911 to 1930 Inclusive,
Certified check for $1,000, payable to C. W.
Treasurer,
Is
required.
Carnes, County
Official notice states that the
county has never defaulted In payment of any of its bonds or any Interest
coupon at maturity, also that no suit has ever been
validity of any of the county bonds or any tax levied
filed questioning the
to meet same.
Penn Yan, Yates County, N. Y.—Bond Offering.—Pro¬
posals will be received until 7:30 p. m. June 6 by A. J. Pot¬
ter, Village Clerk, for $15,500 Elm Street paving bonds at
not exceeding 5% interest.
..
;
Denomination $500.
Date July 1 1910.
thp years 1911. 1912 and 1913 and
in each of
Maturity $4,000 on Sept. 1
$3,500 on Sept. 1 1914.
Pensacola,. Fla.-^-Bond Election.—Propositions to issue
$150,000 paving, $100,000 sewerage and $50,000 city-market
bonds will be submitted to a vote of the people, it is stated,
on
June 14.
-x
Perry, Wyoming County,
.
.
r «..:*.;»•••
N. Y.—Bond Offering.—Pro-
gosals
willTown
be received
until 10fora.$2,973
m. to-day
(Junebonds,
4) bytoT.pay
H.
iussey,
Supervisor,
87 4%
the town's share of the cost of construction or improvement
of the Perry Center-Castile Center County Highway.
V Authority, Chapters 11 and 25 of the Consolidated Laws.
Denomina-
Interest, commencing Feb. 1 1911,.payable annually at the
Perry.
Maturity $991 29 yearly on Feb. 1 from
Cash, certified check or New York draft, made
payable to the Town Supervisor for 10% of bid, is required. The town has
no debt at present. Assessed valuation of real property “Is over $2,400,000.”
Wtlon $991 29.
First National Bahk of
1911 to 1913 Inclusive.
Perry, Noble County,
(100.476) and. par respectively and $3&0
part each six months from Nov. 7 1910 to May 7*1913
inclusive, awarded to W. F. Zelining of Eaton for $392 12
—the price thus being 100.543.-* The other Bidders were!
Eaton for $4,220
Okla.—Bond Election Proposed.-—
The School Board, it is stated, has been requested to call
an election to vote on the question of issuing $25,000 bonds
for the erection of a high-school building, $5,000 for the
due
“
/.,
a
a c
“
For $4,200
.Prince
t
t
:,s
,
-
-
bonds.
6392 601
*'
*1
6 For $390 bonds,
AiK<.
g
.
George’s County' (PnQv Upper Marlboro)^ Md.
On May; 31 the $16,000 5% . road-machinery
bonds described in V. 90, p. 1440, were awarded* it is stated,
to .Hambleton .& Co. of Baltimore at 105.50 and accrued
Maturity May 1 1940..
s
3U^
Raleigh, No. Cato.—Bond Offering.—In addition to the
$125,000. 5% municipal-building bonds to be offered.at 12 m.
June 10 (V. 90, p; 1380), proposals will also be received at
the same time and place by B. S. Jerman, City Treasurer, for j
$25,000 5% refunding bonds.
interestio
,
.
,
Date July T1909. *' Interest semi-annually at the Farmers’ & Merchants
National Bapk ii* BalOw«rf.;, Maturity July t 1939n-v.
tUi, U
,
Ripp©y» Ureene County, Iowa.-—Bo/irfs Voted.May 18
thi^ town voted, it is stated, to issue $7,000 water-workssystem bonds.
Riverside, Carbon County, Wyo.—Bonds Voted.-—This
place is said to have voted to issue $2,000.water-system bonds.
;Riverton School District (Ptt,,0. Riverton), Franklin
County, Neb.—Bonds Voted.—rk proposition to issue $14,500
school-building bonds was favorably voted upon May 24.
Roanoke, Roanoke County, Va.—Bids Rejected.—We are
advised that all bids received on June 1 for the $100,000
school, $40,000 fire-station, $75,000 sewer-improvement and
$285,000 street-improvement 4^% 30-year coupon bonds
described in Y, 90, p. 4380, were rejected.
^
Roby Independent School District (P. O. Roby), Fishe
County, Tex.—Bond Offering.—Proposals will be received
until 12 m. June 8 by T. H. Mayfield, President Board of
School Trustees, for? $14,500 5% school-building bonds re¬
cently voted. Maturity twenty and forty years. Certified
check for $500, payable to the President Board of School
Trustees, is required, v
v.
.
Rock Springs School District (P. O. Rock Spnngs), Ed¬
wards County, Tex,—Bonds Defeated.—A proposition to
issue $25,000 5% 40-year school-building bonds was defeated
by the voters on April 29. The vote was 55 “for" to 65
“against."
.**
-j...
;
...
Roseburg, Douglas County, ^Ore.—Bond Sale.—The
$40,000 43^% 20-year gold coupon street-improvement
bonds which this, place has been offering at private sale
(Y. 90, p. 1318) have been taken, according to reports, by
_
^
_
.
.
equipment of same and $5,000 for the repair and remodeling
of the present building, or so much thereof as the law will
local investors.
• > ■.
permit.
>
Peru School City (P. O. Peru), Miami County, Ind.—
Roseville, Placer County, Cal.—-Bond Election Proposed.—
Purchasers of Bonds—We are advised that,; the purchaser There is talk of calling an election to vote on a proposition
of the, $70,000 4% . lrlO-year (serial) high-school-building to issue $90,000 electric-light and power-plant bonds.
bonds disposed of on May 19 (V. 90, p. 1440) was the Harris
Runnels County (P. O. Ballinger), Tex.—Bonds Not Sold.
Trust & Savings Bank of Chicago,, The price paid was par —We are advised that no bids were received on May 15 for
,and accrued interest, less $1,000 takeover the cost of-, the the $20,000 bridge-refunding and $17,500 court-house re¬
bopds md attorneys' fees. Denomination $1,000. Date funding .4% coupon bonds described in V. 90, p. 1318..
June ,,,X 1910, Interest,, semi~m3.nu.al5
:sx*4 u* icwi sum ox
San Antonio, Tex.—Commission Form of Government ta Be
Phoenix Union High School District, Maricopa County, Voted
Upon.—On June 7 this oity. will decide whether or not
ri*-—Bond Offering.—Proposals will be received until a commission form of
government shall be adopted.
11 a. m. June 7 by Wm. E; Thomas, Clerk Board of County
\ San Diego, San Diego Qov&tyPOal.—Bonti Election.—
Supervisors (P. O. Phoenix), for the $150,000 5% gold
According to reports, petitions have been circulated for an
school-building and furnishing bonds voted (V. 90, p. 800) Election
to vote on the question of issuing $1,500,000 4J^%
oil' March
.■ •*
1
ai*,> ,
a
gold.bonds fon a. municipal gas und electric-lightvplant, .
u i Autbbrlty ;* 'title rr, rR$vlseci statutes W 1901 b * Vbmmtoetitom $1,000
Date’June 7 1910.
Interest annually at the Qpuuty Treasurer’s office in
Sandusky, Ohio>-r-Bon& Oj^wn^.^T-ProposalSvwilLhe re¬
Phoenix MatUrltj/ June 7 1930 Bonds are tax-exempt; Certlfled cbeck for
ceived until 12 m. June 6 by Joseph Loth Jr., City Auditor,
10% of bid Is required. Official advertisement states there Is no controversy
,
t,
>
65391 25
Hayden,Miller &Co.,Clev.a$4,205 001H. E. Ashing, Eaton—
James Carroll. Eaton
,
<4
*
1510
THE CHRONICLE
for $3,000 Franklin St. and $2,000
improvement bonds.
Washington St. 4%
Meads, City Comptroller, and Ray Freeland, Commis¬
Finance, the Sinking Fund Board, for the $100,000
gold coupon surface-water-drainage bonds voted
(V. 90, p.
1196) on April 5.
sioner of
$500.
Date March 1 1910.
Interest semi-annually at
theJCIty Treasurer’s office.
Maturity March 1 1917.
Bids to be made
upon each Issue separately and accompanied by a certified check for $1,000.
W San Luis Bey School District, San Diego County, Cal.—
a
Authority, Section 152 of the City Charter. Denomination
$1,000.
In¬
terest (rate not to exceed
5%) payable semi-annually at the fiscal
agency
of Washington in New York
City.
Maturity
twenty
years.
Bid
must be
made on a form furnished
by the city.
Official circular states that the
has never defaulted in the
city
payment of interest on any of its bonded indebt¬
edness.
total of 19 votes cast at the election held
May 14 (V. 90, p. 1257), only 3 were against the issuance of
$3,600 6% 1-12-year (serial) school-building and im¬
provement bonds.
p Seattle, Wash.—Bond Sales.—During the month of April
the following improvement bonds, aggregating $234,193 45,
were disposed of:
the
Amount.
$29,844
9,797
12,856
3,010
6,402
23,311
2,130
1,658
17,379
31,162
1,702
6,947
5,058
1,687
33,433
17,410
2,024
4,199
2,305
4,229
54
51
40
36
48
19
55
10
63
40
38
43
47
15
22
08
25
48
89
10
Purpose.
Date.
Grading and curbing..
Walks
Sewers
Paving
do
.
Grading and curbing..
Water mains
Sidewalks
Grading and curbing.
Planking and filling.
Grading and sidewalk
Planking
Grading and curbing.
Sewers
Sewers
Sewers
Water mains
Sewers
do
Water main..
17,642 84 Sewers
Int. Rate.
April 2 1910
do
2 1910
do 11 1910
.
.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
7%
7%
7%
6%
7%
7%
7%
7%
7%
6%
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
13 1910
14 1910
14 1910
18 1910
18 1910
23 1910
19 1910
191910
19 1910
191910
25 1910
25 1910
26 1910
26 1910
28 1910
28 1910
29 1910
26 1910
The official notice of this
bond offering will be found among
the advertisements elsewhere in this
Department.
Bond Election.—The
proposition to issue the $214,500 park
bonds mention of which was made in V.
90, p. 1440, will be
voted upon June 7,
Maturity.
April 2 1915
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
according to local reports.
2 1915
11 1915
13 1920
14 1915
14 1915
18 1915
18 1915
23 1915
19 1915
191915
19 1915
19 1915
25 1915
25 1915
26 1915
26 1915
28 1915
28 1915
29 1915
26 1920
Tekamah School District (P. O.
Tekamah), Burt
Neb.—Bonds Voted.—The $20,000 school-additionOounty,
bonds
mentioned in V. 90, p. 1440, were
voted, according to re¬
The vote was 283 to 10.
Terra Alta, Preston County,
W. Va.—Bond Offering.—
This town, D. L.
Wotring, Recorder, is offering for sale
$15,000 5% bonds.
ports,
p.
Thomasville,
question
Somerville, Mass.—Bond Sale.—The $30,000 sewer and
$130,000 city-loan 4% coupon bonds described in V. 90, p.
1440, were awarded on June 2 to N. W. Harris & Co. of
Boston at 100.317 and accrued interest.
The following bids
were
also received:
5% 5-40-year (op¬
registered by the State Comptroller.
Ala.—Bond
Offering.—Proposals for
the
Interest semi-annual.
Tift County (P. O. Tifton), Ga .—Bond Election.—An
elec¬
tion has been called for June 11 to vote
on
the
question of
issuing $55,000 court-house bonds.
Timpson, Tex.—Bond Election Proposed.—A committee
has been appointed,
according to reports, to petition the
City Council to call an election to vote on the question of
issuing $15,000 water-works-system bonds.
Trenton, Gibson County, Tenn.—Bonds Voted.—The elec¬
tion held May 20 (V. 90,
p. 1319) is said to have resulted in
favor of the issuance of $12,000 bonds for the
purchase of
the
electric-light plant.
Trinity County (P. O. Weaverville), Cal.—Bond
Proposed:—According
1060.
the near future, according to reports, to vote on the
of issuing $25,000 school-house bonds.
were
$8,000 5% 20-year school-building bonds voted on
May 7
(V. 90, p. 1381) will be received until 12 m. July 2 at the
office of L. M. Fra wick,
Mayor. Denomination $1,000.
Authority Chapter 149, Acts of the 26th Legislature. Denomination $500.
Date Jan. 1 1910.
Interest semi-annually at the National Park Bank In
New York City.
Maturity $500 of each Issue yearly beginning Jan. 1 1911.
Certified check for $1,000, payable to John C. Wall, Mayor, Is
required.
Official notice states that the city has never defaulted In
payment or prin¬
cipal or Interest and that there Is no litigation affecting this Issue. These
bonds were offered on April 4, but all bids received on that day
were re¬
See V. 90,
May 20.
tional) bonds
city improvements.
Seguin, Guadalupe County, Tex.—Bond Election.—
Reports state that an eleection will be held June 10 to vote on
propositions to issue $25,000 street-improvement and $15,000
school-building bonds.
Sherman, Grayson County, Tex.—Bond Offering.—Pro¬
posals will be received until 7:30 p. m. June 6 by Barney C.
Kreager, City Secretary, for $12,000 water-works and $8,000
street-improvement 4^% bonds.
Silverton School District (P. 0. Silverton), Briscoe
County,
Tex.—Bond Election Proposed.—An election will be held in
on
Terrell County Common School District No.
1, Tex.—
Bonds Registered.—On May 7 $25,000
Bonds to be Offered Shortly.—Local papers state that it has
been decided to offer for sale $225,100 bonds for various
jected.
lxxxx.
F.
sewer
f~ Denomination
Bonds Voted.—Of
[Yol.
,
Election
to reports in local papers, an election
is to be held to vote on the
question of issuing $125,000 bonds
for the construction and
improvement of county roads.
Troy, N. Y.—Certificate Sale.—On May 28 the Manufac¬
turers’ National Bank of
Troy purchased $100,000 5% cer¬
tificates at 100.1625.
Maturity Oct. 19 1910.
Trumbull County (P. O. Warren),
Ohio.—Description of
Bonds.—We are advised that the $14,000
4^-year
(average)
bridge bonds awarded on May 9 to Seasongood & Mayer of
Cincinnati (Y. 90, p. 1381) carry semi-annual interest at the
rate of 5% and bear date of March 1 1910.
The price paid
was 102.86.
Blodget ft Co., Boston
100.292]Adams & Co., Boston
100.1065
Estabrook & Co., Boston. .100.20
Oldham
Merrill,
&
Co.,
R. L. Day & Co.. Boston..100.1591
Boston
100.089
The sewer bonds are due $1,000 yearly on April 1 from 1911
to 1940 In¬
clusive and the city loan bonds are due $10,000
yearly from 1911 to 1920
Inclusive, $3,000 yearly from 1921 to 1930 Inclusive.
Denomination $1,000.
Tulare, Tulare County, Cal.—Bonds Voted.—The issuance
of $80,000 sewer bonds was
authorized, it is said, at a recent
South Omaha, Neb.—Bonds Not Sold.—Bond
Offering.—
No bids were received, according to reports, for the 15 issues
Tuscaloosa, Ala.—Bond Election.—An election will be
held June 8 to allow the voters to determine whether or not
$12,000 5% coupon additional-school-building bonds shall
be put upon the market.
These securities, if voted, will be
issued in addition to the $30,000
of
election.
5% coupon paving bonds, aggregating $225,300, offered
May 23 and described in V. 90, p. 1381. Proposals are
again asked for and will be received, this time, until June 20.
school-building bonds
South Orange Township School District
(P. O. South disposed of (V. 90, p. 65) on Dec. 20 1909.
Denomination $1,000.
Interest semi-annually at the National Bank of
Orange), Essex County, N. J.—Bond Offering.—Further
Commerce In New York City.
Maturity 20 years.
details are at hand relative to the
offering on June 6 of the
Uhrichsville, Tuscarawas County, Ohio.—Bond Offering.
$24,550 4)^% coupon bonds mentioned in V. 90, p. 1440.
Proposals will be received until 8:15 p. m. on that day by —Proposals will be received until 12 m. June 11 by Henry
O. Snyder, Village Clerk, for the $5,000
the Finance Committee—William Arthur
4% coupon fireBabson, Arthur
F. Elmendorf and G. Clifford Jones.
department bonds mentioned in V. 90, p. 929.
on
Denomination $500, except one bond of $550.
Date July 1 1910. Inter¬
Maturity $15,050 In 22 years and $9,500 in 23 years. Bid
a form furnished by the Board of
Education and be accom¬
panied by a certified check on a national bank or trust company for 3 % of
bonds bid for, made payable to the said board.
The United States Mort¬
gage & Trust Co. of New York City will certify as to the
genuineness of the
bonds.
Purchaser to pay accrued interest.
est semi-annual.
must be made on
South Pasadena, Cal.—Bond
Election.—Reports state that
election will be held June 7 on the
question of
an
issuing
$32,000 Arroyo Seco Bridge bonds.
Stamford, Jones County, Tex.—Bonds Voted.—On May 25
this city voted to issue $10,000 paving
bonds. Local papers
give the vote as 145 to 123.
Stillwater, Washington County, Minn.—Bonds Voted.—
The proposition to issue $145,000 4% bonds for the
purchase
of the plant of the Stillwater Water Co. (V.
90, p. 1440),
carried, it is stated, by a vote of 724 to 62.
It is also said
that the city will assume control of the water
company on
July 1.
Sully County (P. O. Onida), So. Dak.—Bond Election.—
,
An election will be held June 7 to vote
on
the question of
issuing $30,000 bonds, the proceeds to be applied toward
the erection of a new $75,000 court house.
Sultan, Snohomish County, Wash.—Bonds Voted.—At an
election held in this town on May 21, the issuance of
$14,500
was
bonds
authorized for the construction of
a
water system.
Tacoma, Wash.—Bond Offering.—Proposals will be re¬
ceived until 11 a. m. June 25 by A. Y.
Fawcett, Mayor, John
Authority, Section 2835, Revised Statutes.
Denomination $500. Date
May 1 1910. Interest semi-annual. Maturity 25 years. Certified check
for 5% of bonds bid for, payable to the
Village Treasurer, Is required. Aocrued Interest to be paid by the purchaser.
The bonds will be delivered
within 10 days from the time of award.
University Park Independent School District (P. O. Uni¬
versity Park), Mahaska County, Iowa.—Bond Offering.—
Proposals will be received until 1 p. m. June 6 by T. A.
Brunker, President Board of Education, for the $6,700 4%
registered school-building and site-purchase bonds voted on
May 16.
.
Denomination $700, except one bond of $400.
Date June 11 1910.
Interest May and November at the Oskaloosa
Savings Bank of Oskaloosa.
Maturity $400 on May 10 1911 and $700 each six months from Nov. 10 1911
to Nov. 10 1915 inclusive.
The bonds are
tax-exempt.
Certified check
for $200, payable to the President Board of
Education, is required.
Utica, Licking County, Ohio.—Bond Offering.—Proposals
m. June 6
by J. W. McKelog, Village
Clerk, for the $30,000 4^% coupon water-works-installation
bonds mentioned in V. 90, p. 1196.
will be received until 12
Authority Sections 3939-49-50-51-52-53-20, General Code.
Denomina¬
tion $500.
Date May 1 1910.
Interest March and Sept.
Maturity $1,500
each six months from March 1 1920 to
Sept. 1 1929 Inclusive.
Bonds are
exempt from all taxes.
Certified check for 5%, payable to the
Village
Treasurer, Is required.
Valentine, Cherry County, Neb.—Bonds Not Sold.—No
were received on
May 31 for the $34,000 water and the
$8,000 electric-light 5% bonds described in V. 90, p. 1441.
They are now being offered at par.
Vale, Malheur County, Ore.—Bonds Voted—Bond Offering.
—An election held May 16 resulted in favor of the
proposition
to issue the $30,000 sewer and
$45,000 water 6% 20-year
bids
June 4
THE CHRONICLE
1910.]
bonds mentioned in V. 90, p. 1320.
to 7 “against.”
Proposals for these
The vote was 114 “for”
bonds will be received at
once.
Waco, McLennon County, Tex.—Bonds Registered.—The
$140,000 school-building and $35,000 public-park 5% 30-year
coupon bonds awarded on March 22 to Seasongood & Mayer
of Cincinnati (V. 90, p. 929) were registered by the State
Comptroller on May 4.
Bond Election Proposed.—This city, it is stated, proposes
holding an election for the purpose of placing before the
voters a proposition to issue bonds for the purchase of the
local electric-light plant.
Wadesboro, Anson County, No. Caro.—Bonds Not
Awarded.—The bids received on May 26 for the $10,000 5%
25-year street-improvement bonds described in V. 90, p. 1381,
laid
were
over
for future action.
Ware County (P.
O. Waycross), Ga.—Bonds Proposed.—
grand jury serving at the present session of the Ware
Superior Court has recommended the issuance of $200,000
bonds for^a new jail, rural school improvement and good
The
roads.
Washington, Ohio.—Bond Offering.—Proposals will be
received until 12 m. June 11 by Glenn M. Pine, City Auditor,
for $6,000 4% fire-department bonds.
Authority Section 2835, Revised Statutes.
Denomination $1,000,
Date May 15 1910.
Interest annual. Maturity $1,000 yearly on Mayl5
from 1911 to 1916 Inclusive.
Certified check for 2% of bonds bid for.
made payable to the City Treasurer, Is required.
Purchaser to pay accrued
Interest.
Bonds will be delivered within ten days from the time of award.
Washington County (P. O. Blair), Neb.—Purchaser of
Bonds.—We
are
informed that the State Treasurer
was
the
purchaser of the $46,000 4% refunding bonds, the sale of
which was mentioned in V. 90, p. 1320.
The price paid
was
par.
$1,000.
Date April 18 1910.
Interest semi-annual.
Maturity 10 years, subject to call at any Interest-paying period.
Denomination
Wausa, Knox County, Neb.—Bond Offering.—Proposals
June 6 by Aug. Danielson,
Village Clerk, for the $8,000 5% coupon water-works bonds
mentioned in V. 89, p. 1689.
will be received until 8 p. m.
Authority Chapter 14, Article 1, sub-div. XV., Wheeler’s Annotated
Statutes of 1909; also vote of 54 “for” to 19 “against” at the election'held
Jan. 25.
Denomlnation£$500. Date April 1 1910. Interest annually
1511
at the State flsca agency In New York City.
Maturity 20 years,
to call after 5 years.
Certified check for $500, payable to the
subject
Village
Clerk, Is required.
West Allis, Milwaukee County, Wis.—Bids.—The Mil¬
waukee Mechanics' Insurance Co., offering 101.973 and ac¬
crued interest, was the highest bidder on May 23 for the
$10,000 1-20-year (serial) sewerage bonds, the $2,500 1-5(serial) water-works-system bonds and the $25,000
permanent-street-improvement bonds due $1,000 yearly
from 1911 to 1925 inclusive and $2,000 yearly from 1926 to
1930 inclusive.
The securities are coupon in form and carry
5% interest. They are described in V. 90, p. 1381. A list
year
of the bids received follows:
$25,000
”
$10,000
$2,500
Bonds.
Bonds.
Bonds.
Milwaukee Mechanics’ Insurance Co..$25,525 00
$10,200 00
$2,515 00
S. A. Kean & Co., Chic, (for the 3 iss.)
$37,876 88 and blank bonds
Harris Trust & Savings Bank, Chicago 25,352 50
10,109 00 dsblank bds.
First National Bank, West Allis
10,000 00
All bidders offered accrued interest In addition to their bids.
West Chester, Chester
County, Pa.—Bonds Defeated.—
The election held May 18 resulted in the defeat of the propo¬
sition to issue the $200,000 sewer bonds mentioned in V. 90,
p.
1259. The vote was 526 “for” to 737 “against.”
Weston, Wood County, Ohio.—Bond Offering.—Proposals
will be received until 12
m.
June 6
by H. E. Jones, Village
Clerk, for $11,000 4^£% coupon Taylor St. paving bonds.
Authority Section 2706, Revised Statutes. Denomination $500.
Date
April 1 1910. Interest semi-annually at the Village Treasurer’s office
Maturity $500 on April 1 1911, $500 on Oct. 1 1911 and $1,000 each six
months from April 1 1912 to Oct. 1 1916 Inclusive.
Bonds are exempt
from taxes.
Certified check for $200, payable to the Village Treasurer, Is
required. Purchaser to pay accrued Interest. Bonded debt, $3,000.
Assessed valuation 1909, $300,000.
These bonds were sold on April 25 to
the Citizens’ Banking Co. of Weston.
V. 90, p. 1197.
We have not yet
been advised, however, why they are being re-advertised for sale.
Wheeler County Common School District, Tex.—Bonds
Registered.—We are informed that bonds amounting to
$11,600 were registered by the State Comptroller on April 29.
The securities carry 5% interest and mature in 20 years, but
are subject to call after 10 years.
White County (P. O. Monticello), Ind.—Bond Offering.—
Proposals will be received until 12 m. June 7 by A. G. Fisher,
Auditor, for $5,500 5% coupon gravel road bonds.
Denomination $275.
Date May 15 1910.
Interest semi-annually at the
State Bank of Monticello.
Maturity one bond each six months from May 15
1911 to Nov. 15 1920 Inclusive.
Certified check for $500, payable to W P.
Cooper, County Treasurer, Is required.
NEW LOANS.
NEW LOANS.
$550,000—$650,000
PROPOSALS FOR
Fort Smith & Van Buren District
$500,000.00
(Arkansas)
BRIDGE BONDS
Sealed bids will be received by the undersigned,
Secretary of the Fort Smith & Van Buren District,
Arkansas, until 2 p. m.,
JUNE 13TH, 1910,
for the purchase of $550,000-$650,000 of bonds,
exact amount determined later.
Said bonds are Issued by the Fort Smith &
Van Buren District, formed under an Act of the
Legislature approved April 10th, 1910.
Said bonds to be dated October 1st, 1910, and
In denominations to suit purchaser.
Bids are
asked on same running for either 20 or 25 years
—all bids subject to rejection.
No bids less than
par will be considered.
Said bonds to bear Interest at the rate of 5
October 1st, 1910;
per cent per annum from
Interest payable semi-annually on that date unless
made to the advantage of the District to make
payments otherwise.
Bonds to mature In 20 or
25 years, or to suit purchaser, according to the
best terms offered, and to be payable at Trust
Company agreed upon by purchaser and District.
All bids must be enclosed In sealed envelopes
and marked “Bids for the purchase of Bridge
Bonds of the Fort Smith & Van Buren District,”
and to be delivered to the undersigned at the
office of the District, No. 9 North Sixth Street,
Fort Smith, Arkansas, on or before 2 p. m.
June 13th, 1910.
Each bid must be accompanied by a certified
check on a National Bank or Trust Company for
$10,000.
For further Information address
signed at Fort Smith, Arkansas.
the
under¬
ROY M. JOHNSTON. Secretary.
$650,000
City of Minneapolis, Minn.,
4% BONDS
Sealed bids will be received by the Committee
Ways and Means of the City Council of the
City of Minneapolis, Minnesota, at the office of
the undersigned, THURSDAY, JUNE 9TH, 1910,
at 2 o’clock p. m. for the whole or any part of the
following bonds: $250,000 High-School Bonds,
datedfJuly 1, 1910, payable July 1, 1940; $200,000
Grade School Bonds, dated January 1, 1910, pay¬
able January 1, 1940, and $200,000 Park Bonds,
dated July 1, 1909, payable July 1, 1939.
Bonds to bear interest at the rate of four (4)
per cent per annum, payable semi-annually.
The rignt to reject any or all bids is reserved.
A certified check for two (2) per cent of the par
value of the bonds bid for, made to C. A. Bloomquist, City Treasurer, must accompany each bid.
Circular containing full /particulars
will be
WORTH OF FOUR PER CENT BONDS OF
The Sanitary Districtof Chicago
BEING THE TWENTY-FIFTH ISSUE THEREOF.
Sealed proposals, addressed to the Board of Trustees of The Sanitary District of Chicago, and
Indorsed, “Proposals for Purchasing Bonds,” will be received by the Clerk of said The Sanitary District
of Chicago, at Room 1500, American Trust Building,
Chicago, Illinois, until one (1) p. m. (standard
time) on Wednesday, June 22, 1910.
The bonds for the purchase of which said bids will be received are the twenty-fifth and present
Issue of five hundred thousand ($500,000 00) dollars worth of bonds of said The Sanitary District of
Chicago, In denominations of
one thousand ($1,000 00) dollars each, all to bear date the first day
July, 1910, with Interest at the rate of four (4%) per cent per annum, payable semi-annually on
the first day of January and the first day of July of each year until said bonds are paid.
Twenty-five
thousand ($25,000 00) dollars of the principal of said five hundred thousand ($500,000 00) dollars
worth of bonds hereby offered for sale are to be payable on the first day of July, 1911, and on the
first day of July of each succeeding year, up to and Including the year 1930,.both
principal and interest
to be payable at the office of the Treasurer of said The Sanitary District of
Chicago.
Proposals will be received for five hundred thousand ($500,000 00) dollars worth of said bonds,
of
or
portion thereof.
any
x
Each proposal must be accompanied
by certified check
-
cash In amount equal to five (5%)
All certified checks must be drawn on some responsible Chicago
or
of the amount of the bid.
bank and mustrbe made payable to the order of the “Clerk of The
Sanitary District of Chicago.”
Said
amount of five (5%) per cent of the amount of the bid will be held
by said The Sanitary District of
per cent
Chicago until all of said proposals have been canvassed and the bonds have been awarded.
The right Is reserved to reject any and all bids.
The said bonds to be paid for and delivered at the office of the Treasurer of said The
Sanitary
District of Chicago.
For further Information, apply to the President or Clerk of said The
Sanitary District of Chicago,
or to the Chairman of the Committee on
Finance, Room 1500, American Trust Building, Chicago,
Illinois.
on
mailed upon application
DAN C. BROWN,
City Comptroller.
I. J.
BRYAN, Clerk.
THE SANITARY DISTRICT OF CHICAGO.
By ROBERT R. McCORMICK, President.
H. F. EIDMANN, Chairman, Committee on Finance.
FORREST & CO.
ESTABLISHED 1*15
BANKERS
H. C. SPEER & SONS CO.
421 Chestnut St..
PHILADELPHIA, PA.
Municipal and
Corporation Bonds
Fir»t Nut Bank Bld0.,
Chicago
WESTERN
MUNICIPAL AND SCHOOL BONDS
T&E
1512
=£3=5;
•■"It >,>'■
"It..’
CHRONICLE
.% .-
,
Maturity 92,000 yearly on May
from 1911 to
1950 Inclusive.
50,000 assessment bonds,
Maturity 95,000 yearly on May 1 from 1911
r *
to 1920 Inclusive. *
40,000 deficiency bonds.
Maturity $4,000 yearly on May 1 from 1911 to
1920.:Wjtrt.
»>«;• ....
t,
if,
Date May l ,i?10,
Interest-April
1 and Oct. 1 In New York exchange.
Bid to be made on each
Issue separately and be accompanied by a certified
check f°r 2 % of bonds bid for, made payable to the
City Comptroller. The
validity of the bonds will be certified to by Hawkins, Delafleld <fc Longfellow
of New York City, whose opinion will be furnished to the
successful bidderThe bonds will be ready for delivery on June 14
1910.
*
^
Whittier Union High School District, Los Angeles County,
Gal.^—Bond Offering.—Proposals will be received Until June 6
for the $75,000 school-building bonds voted on April 26.
See
V* 90, p. 1259,., ,v
i,
....
,
Willcox School District No. 13, Cochise County, Ariz —
Bond Offering.—Proposals will be received until 1 p. m. June
10 by H. A. Morgan, Clerk of the Board of School Trustees
O. Willcox), for the $7,500 6% high-school-building
bonds mentioned in V. 90, p. 258
•'I'm <1/.4S ■ !
.
.
v
,,
.
.
l&Z&nesville, Ohio.—Bond [Sale.—Thet$27,4b0 4% 10-year
coupon sewer-construction bonds described in Y. 90, p. 1442,
awarded on May 28 to Rudolph
Kleybolte Co. Inc.,
of Cincinnati at 100.091 and accrued interest.
The fol¬
lowing bids were received:
R. Kleybolte Co. Inc., Cln._.927,4251 Amer. Bank, Zanesville
927,410
Seasongood & Mayer, Cln... 27,422 Old Citizens’ Nat Bk.. Zanes'. 27,405
were
Authority, Vote of 49 to 5 at aa election held Nov. 23 1909. Denomina¬
tion |75(K t Interest annual, t:. Maturity 9750 yearly from ten years ;to
nineteen yearsi Inclusive.
Certified check for 10% of bid, made payable to
C. W. Hicks, County Treasurer, Is required.
Official advertisement states
that principal and interest heretofore has always been promptly paid at
maturity and that no previous Issue of bonds has ever been contested.
It
further states that there Is no controversy or litigation pending or threatened
affecting the corporate existence or the boundaries of the district, the title
of the present officials to their respective offices or the validity of the bonds
—
Barto, Scott & Co., Colum... 27,421 j Otis & Hough, Cleveland
&d3mh
being offered. * Total .bonded debt, Including this issue, 915,000.
v
sj;. "/ 1
-
$50,000 for incidental
that clay,by C. A. Paterson, Village Clerk,
^
Denomination 9850. Date July 1 1910. Interest annually at the Stand¬
ard Bankin
on
r -
tax-exempt.
Denomina¬
Davis, Secretary-Treasurer, for $10,000 4% debentures.
Denomination $500.
Maturity 20 years.
Calgary, Alb^itn.—Debenture Election.—On June 10 the
ratepayers will vote on a by-law to issue $10,000 4^% 20year sewer debentures,.,,
Debenture Election, Proposed,—An election will be held in
the near future on the question of issuing $150,000 debentures
as a grant to the Calgary University;
also $126,000 debentures
for the completion of the city hall..
Chippewa, Ont.-rr-Dehenture Mectipn ^rpposed.—This place
is considering the advisability of submitting to the voters! a
.
,mr
c
considering tie advisability of submitting to the voters,at
the general election next .fall the question of issuing $625,000
permanent-trunk-road bonds.
,1,,,
,
N6.;1Tpr0md,
June 7
,
dffeHng^^xbpo^s
will 'teijtPr
by Joseph Miller, City Comptroller,
for.thu following 4J^% rgeistered bonds:
ceived until 12
m.
The debentures are
twenty years,
Debenture debtrrviadudlng this Issue, 911,900.
Assessed
valuation 9339,4^0.MtitfBf&WlNSmilLm
Yakima County (P. O. North^akima), Wash.—Bond Elec¬
tion Proposed.—The County Commissioners, it is stated, are
-
Beaverton.Maturity
hV Brenda T(P.tO. Waskada),•*Man.—Debenture Offering.—
Proposals will be received until 12 m. June 7 by Frewen J.
.
expenses.
NEW LOANS.
NEW LOANS.
NEW LOANS.
**
IHOOL BONDS
Hoboken, passed on the 11th day of May. 1910,
and duly approved on the 12th day of May, 1910,
that sealed proposals for the purchase of bonds
of the City of Hoboken, to be known as “School
Bonds,” in the amount of two hundred and fifty
l proposf
funding ol dAefollowIng bonds of the City of
Hoboken, about to mature, to wlt:^
the
Twenty
thousand dollars
Thousand
Wednesday Afternoon, June 8, 1910
AT
1910.
annum,
payable semi-annually.
The Mayor and Council of the City of Hoboken
the right to reject any or all bids If deemed
In the interest of the City so to do.
Sixty of the One Hundred Thousand
reserve
Dollars School No. 6 Bonds, issued
By order of the Council.
JAMES H. LONDRIGAN,
July 1, 1890, maturing July 1, 1910.
City Clerk.
All of the above Issues to bear Interest at
the rate of 4^ per cent per annum, payable
Issued
an Act
Legislature of the State of New Jersey, entitled
“An Act authorizing the Incorporated
cities,
towns, townships and boroughs of this State to
fund their floating Indebtedness and their ma¬
tured and maturing bonds,” approved March 23,
to
reserve
JAMES H.
LONDRIGAN,
,
Clty.Clek.
I
.
*
,".l
•* 4>
BLODGET & CO.
BANKERS
•
60 STATE
Borough of Jeannette,
Pa., will receive, until June 13, 1910, at 8 P. M.,
an issue of 950,000 00 of Improve¬
Bonds, free of tax, 91,000 00 each, dated
1,
April
1910, payable 910,000 00 in ten years,
910,000 00 in fifteen years, 910,000 00 In twenty
years, 910,000 00 In twenty-five years and 910,000 00 in thirty years, and bearing Interest at the
rate of four and one-half per cent
per annum, paya¬
SO BINE
STREET, BOSTON
STREET, NEW YORK.
sealed bids for
ment
STATE, CITY & EAlLBOAD BONDS
McCOY & COMPANY
ble semi-annually.
A certified check, payable to A. L. Leonard,
Treasurer, for 9500 00, must accompany the bid.
The right to reject bids is reserved.
;„vat 4 o’clock,
reject any or aU 'bids If deemed In the Interest
of the city so to ad."
By order of ttt* Cdhhfcll.
*;,*•
The School District of the
Wednesday Afternoon, June 8,1910
The
U..
Four and One-Half Per Cent Tax Free
Said bonds to be coupon or registered ’bonds,
at the option of the bidder, of such denomina¬
tions, not less than one thousand or more than
ten thousand, as the bidder may elect.
;
Proposals for the above bonds will be received
at the meeting of the Council to be held on
sS'Mi&'ttt&'tstarrs"at
hls
Mayor and Council
the right
COMMISSION,
■
By E. T, PHILLIPS, Clerk,
SCHOOL BONDS
'.I.
1899.
Any flirth^a-infonrlatlbh rdiatmg to^ald bohds
Dated May 20th. 1910.
THE HACKENSACK IMPROVEMENT
Borough of Joannette, Pa.,
under
of the
Bids to be addressed to the Mayor and Council
of the City of Hoboken, endorsed “Proposals for
City Bonds,” and handed to the Clerk of the
Board In open session when called for In the regu¬
lar order of business relating to sealed proposals,
And shall bo pqcompanied by a certified check or
(Ash liPwlief sum of>^2,$00’t)i&iM **•
’ '>
a-* j
NOTICE IS HEREBY GIVEN that the Hack¬
ensack Improvement Commission will receive
sealed proposals at 193 Union Street, Hacken¬
sack. N. J., on the SIXTH DAY OF JUNE.
1910. at eight o’clock p. m.. for an Issue of
coupon bonds reglsterable as to principal only,
or convertible Into registered bonds, In the sum
of twenty-five thousand dollars (925,000) Park
Bonds, said bonds to be dated July 1, 1910, to
be twenty-five In number, of the denomination
of $1,000 each, numbered from 1 to 25 Inclusive,
bearing interest at the rate of four and one-half
per cent
(4 H%) per annum, payable semi¬
annually on the first days of January and July
In each year, one of said bonds in order as num¬
bered to be payable on the first day of July In
each of the years 1915 to 1939 Inclusive.
Each bid must be accompanied by a certified
check upon an Incorporated bank or trust com¬
pany to the order of the Treasurer of The Hacken¬
sack Improvement Commission, In the sum of
five hundred dollars ($500).
•
<
*■;
The validity of said bonds will be approved by
Messrs. Hawkins. Delafield & Longfellow, attor¬
neys, of New York City, whose opinion will be
furnished to the successful bidder.
The Committee reserves the right to reject all
or any of the bids.
No bid for less than par and
accrued Interest will be accepted.
$50,000.00
semi-annually, on January first and July first
each year, and to run for a period of thirty (30)
years from date of Issue.
of
O’CLOCK
All proposals to be directed to the Mayor and
Council of the City of Hoboken, N. J., and shall
be accompanied by a certified check for five
thousand dollars (95,000).
1910.
are
FOUR
Bidders to state prices on bonds bearing Interest
at the rate of
four and one-quarter per cent
(4 H%) or four and one-half per cent (4 H%) per
Fifty-four of the Sixty Thousand Dol¬
lars City Hall Bonds, issued Septem¬
ber 1, 1880, maturing September 1,
<;,u
(9250^000) , to runfOr 4 period of
thirty years from the date of issue, registered or
coupon, at the option of the bidder, will be re¬
ceived at the regular meeting of the Council to be
held on
,
Dollars Water Mains, issued Septem¬
ber 1, 1890, maturing November 1,
The above-mentioned bonds
and by virtue of the provisions
PARK BONDS
Public notice Is hereby given. In accordance
with a resolution of the Council of the City of
FOR CITY BONDS
of
**
8260,000
825,000
J. CITY OF
HOBOKEN, N. J.; The Hackensack Improvatnent CanMssioi
HOBOKEN, N.
PROPOSALS
Eighteen
*
hand relative to the offering on June 10 of the $7,000 4
town-hall debentures mentioned in V. 90, p. 1443.
Proposals for these debentures will be recevied until 6p.m.
Wilmington, DeL—Loan Authorized.—On May 26 Coun¬
cil passed an ordinance authorizing the Finance Committee
to borrow
*u
coupon
tion 92,230 40.1nterest payable annually at the Wyoming County Na¬
tional Bank in Warsaw.
Maturity one bond eaeir year beginning Feb. 1
1911C
Certified cheek (or cash) for10% of bid, payable to E. T. Mont¬
gomery, County Treasurer, is required.
• .
,.i ;
-. *>i. ,
^
.
viui
at
Wyoming County (P. O. Warsaw), N.;Y.—Bond Offering.
—Proposals will be received until 10 a, m. to-day {June 4)
by E. T. Montgomery y County * Treasurer, for $22,304 40
4%,bonds, fpx county's Share.,of t^q cost of improvement of
the Perry Center-Castile Center highways i
, a
•
.■»» *.«*»****.
Authority, Chapters 11 and &5, consolidated Laws l909.
nci.
27,405
Canada, Its Provinces and Municipalities.
Beaverton, bnt.—Debenture Offering.—Further details are
Assessed valuation 1909 9383,682.
^
■>
'jrirrr
980,000 water bonds.
Not Sold.—We are advised that no award has yet bee& ?nade
of the $45,000 4% road-construction bonds offered on May 17
and describedin^.
vU
now
LXXXX
rBTT
White Flains (Town) Westchester tiorixty,
.
rlSX.J--i,-
..
[VOL.
.
Municipal ‘and
Corporation Bords
For further information, address the Secretary
Jeannette, Pa., or W. F. Wegley, Attorney,
Greensburg, Pa.
W. S. JONES,
at
Attest:
M. J.
5
<1
.
181
President.
Secretary.
**.
FRESHWATER,
■
*
*
'pMiictMi.
La Salla
,
t>.
»<
Beekm^u,. • :NEW YORK, N. Y
i
T;,.,
<,
i
,
t *ki+e
±
,
investment ssotrKrTEU
.
Satisfactory References
'JsXiV
WEBB ‘& CO.
GEO. B. EDWARDS
Tribune Building, 154 Nassau Street,
Telephone 4215
kM.'tiod
Street, Chicago
utitjjqmr'j vat
74 BROADWAY
NEW YORK
June 4
1910.]
i
1513
#
,r, ,r
by-law providing for the issuance of $27,000 water-works
r ' ?•
-+h
K'f
■*>«/ ^**m .-*
Coldwater, Ont. —Debentures Authorized.—Reports state
that ^ bf-iaw hd^beeh rtfitiWto issue $23;,<HKI%attf-wdrkd
debentures.
Dauphin, Man.—Debenture Election.—Propositions to
issue the following 5% 20-year debentures will be submitted
to the voters on June 4: $11,000'for electric light, $6,000
general hospital and $12,000 for school purposes. ^ "
Edmonton, Alberta.—Debenture Sale.—-The'$1,676,108 25
4^£% debentures offered on May 23 (V. 90, p. '1382) were
sold to the Canadian Agency, Ltd., of London, England, at
debentures.^*' .v
A list of the bids received follows:' ?
England!-
100:175.
Canadian Agency, Ltd., London,
Wood, Gundy & Co., Toronto
Coates, Sons & Co., London
t
Royal Securities Corporation, Ltd., Montreal
,
The above bidders are all of Toronto.
Toronto at 97.07 and accrued interest.
Following
are
the bids:
Osborne & Francis
$72,879
$73,773 Dominion Sec. Corp., Toronto 72,588
H.
Burgess & CQ.» Toronto 72,579
Wool, Gundy & Co., Toronto 73,758 C.
W. A. McKenzie & Co., Tor. 73,030 Ontario See. Co.* Toronto'in. 72,227
Aemillus Jarvis & Co.* Tor._ 72,993 Brent* Noxon & Co., Toronto 71,831
Brouse, Mitchell & Co., To¬
ronto
Huntsville, Ont.—Debenture Sale.-*-The $12,000 5% 20street-improvement debentures offered * onrrMay 30
(V. 90, p. 1383) were purchased bv C. H. Burgess & Co. of
year
Interest annual.4
99.13
Toronto at 99.275. ‘ 'Date Decril910.
98.57
95.12
John Knox School District No. 463 (P.
Alta.—Debenture Sale.—:An issue of $600
99.03
C. Meredith & Co., Montreal,Ontario Securities Corporation, Ltd., Toronto
J. Addison Reid & Co.y Ltd.*, Regina..it..
Kf 1-;
<■
Hamilton, Ont.—Debenture Sale.—On May 26 the $76,000
4% I20^year debentures offered on that day (V. 90, p. 1382)
[itchell & Co. of
were awarded, it is stated, to Brouse, Mi
100.175
99.50
Qu9.025
.
W
Braoi, Ntoxou ACo.u...... 15,431
• «
-
*
Canadian 86c; Oorp., -LtdTiHIl5,5801 urnano oec; o
O. Wetaskiwin),
5H% school-en¬
larging and repairing debentures was awarded on May 10 to
J. Addison Reid & Co., Ltd., of Regina for $602—the price
thus being 100.333.
Egg Lake School District No. 429 (P. O. Egg Lake,) Alta.
—Debenture SaU.—LVk. O’Hara? & Co. of Winnipeg hfefve been
awarded an issue of $1,000 534% school-building “debentures
at 100.10.
bate April 30 1910. Interest annual. Maturity part yearly for 10 years.
Ellice (P. 0. St. Lazare), Man. —Debenture Offering.—Pro¬
Date Aug. 1 1910.
Interest annual.
Maturity Aug. 1 1920.
Easlo, B. 0.—Debenture Election —It is stated that an
on the question of isSiling $25)000
election is td be held to Vote
sidewalk debentures.
posals will be received until 6 p. m. June 21 by Henry Till¬
man, Secretary-Treasurer, for $5,000 5% bridge debentures.
Interest annual.
Maturity part yearly for 10 years.
Sask.—Price
Qamsboro,
Paid fot Debentures.—We are
advised that the $3,000 8% 10-year telephone debentures
awarded irk April to Nay ’& James of Regina (V. 90, p. '
were disposed of at 106.0331
Interest annually in
Maturity'part yearly for 10 years/
^
Galt, Ont.—Debentures Voted.—The election held May 13
resulted in-favor of the proposition to issue the $5-,000 434%
30-year water-works debentures mentioned in V; 9Q> p; 1259.*
Halton County (P. O. Omagh), Ont.—Debenture Sale:—
The $16,X)00 debentures offered oh May 17 £V HKfc/ p/ 1321)
were sold to the Canadian Securities Corporation, Ltd.] of
Tdhonto at 91.125.
A list of tho bidders ’follows: - ■«»*%
.:r,a
—-iu ,-~v~
Kelowna, B./0 .-—Debenture Sale.—This place, it is re¬
ported, has sold $13,500 5% 25-year power-house and water¬
works debentures to W. A. Mackenzie & Co. of Toronto.
Interest annually
C*
fi*
y >lM JrV
Kingston, Ont.—Debenture Sale.—Brent, Noxon & Co. of
Toronto -have purchased $9)200 4>£%< debentures due part
yearly for 30 years..-f *•>•- -d*> - **>?,.o;■
few
Lashbum, Sask.—Debenture Offering.—Proposals will be
received up to June 6 by George Gp MortiSSy; *Secretary ’
*%■
Treasurer, for $2,5006% debentures, due m*15, years.
$1,230 5Q-r-the price thus being 102.541.
T-’iV JiMkeS* L
Jahu^rv^
mmrnim
OJ.
iUlm
_
MISCELLANEOUS:
NEW LOANS.
S100,000
City of Tacoroa, Washington,
Surface-Water
opi*im£sj>i“
Drainage Bonds
NOTICE IS HEREBY GIVEN that on Saturtt- ‘
day, thc25th day Of'June, 1910/attbc
hour of
11 o’clock a. m., at the office of the Mayor
aye ofthe
City of Tacoma, Washlngto>n, In the City Hall,
seal<
$13,400,000
Pays Interest
annum
on
Time Deposits, Current and Reserve Accounts.
Deals in Investment Securities and
bonds of said City at the par value of $1,000 00
each payable; b>* twenty* years fronp date of Issue,
with Interest at not exceeding five per cent per
tad *«•
-*•#» ■?. ,-r%
Transacts
.payable semi-annually at the fiscal agenc:
mi
General Trust
a
'A .W
facia- rt
of the Sta ' ‘
and are ki
FACE WATER DRAINAGE BONDS. Second
Series,” Issued pursuant to Ordinance No. 4041,
Foreign Exchange.
<»«.*
.
Business.
MA'^iXSL
^
approved March 17th, 1910.
i
CORRESPONDENCE
INVITED,
—
Bids for said bonds will be received, based on
the Interest rate proposed by the < bidder* Which
cannot exceed five per cent.
h|i*
The right Is reserved by ttye City to award the
or any part thereof to the highest and best
bidder, or to reject all bids; and the right Is also
reserved to require a bond from a successful
bonds
Trust
Company of America
37-43 WALL
ly
(
8TREET, NEW YORK.
_
M
of May, 1910
^
/?
SINKING FUND BOARD.
LONDON OFFICEi
COLONIAL BRANCHi
Dated at Tacoma, Washington, this 23d day
222
A. V. FAWCETT,
95 Gresham SL
Broadway, New York.
Mayor.
JOHN F. MEADS,
CAflJA^ AN? SUBPLUS, $8,000,000
City Controller.
FREELAND,
RAY
Commissioner of Finance.
Invites accounts of
Pays interest on daily balances.
Excites *fof evfry description.
$. 100,000
Dallas
County, Alabama,
*
ROAD BONDS
a
on
e
■
thereof, of anJssu© 0f public road; bonds oft Pallas
County, Alabama, to the amount of $250,000,
wltfe Interest?;at the rate of five per cent per
annum, payable semi-annually, ana with thirty
years to run. t Said bonds will be of the denomina¬
tion of $500.
The right to reject any andaU bids
Is reserved.
P. H. PITTS,
Judge of Probate, Selma, Ala.
Smith & Co.
riBST NATIONAL BANK BUILDING
'
**■
»■» ■» •
»MVt -
Sealed bids will be received till eleven o’clock
June 20th, 1910, for $100,000, or any part
Charles
indiyiduatf firms and corporations.
CHICAGO
Wilkinson, Reckitt, Williams & Go.
NJJLY 9JBJL
52
Broadway
PHILADELPHIA
CHICAGO
MutuahOfa Bld*.^
Marquette Bid*.
«i—
*
’
UV
%
js
Jk.
St-^
they*. ■+**#** ****•?'
^
1514
Medicine
THE CHRONICLE
Hat,|Alberta.—Debentures
tion resulted in favor of
Voted.—A recent elec¬
by-laws to issue the following deben¬
tures: $7,000 for a city
storehouse, $20,000 for street-making
machinery, $10,000 for agricultural society buildings, $30,000
for cement walks, $5,500 for plank walks and
$35,000 for
sewers.
[VOL.
LXXXX.
tures, aggregating $248,351 02, described in V. 90, p. 1260,
sold to Oldfield,
Kirby & Gardiner of Winnipeg at
103.965 and interest. The
following bids were received:
were
Oldfield, Kirby & Gardiner, Winnipeg
W. A. MacKenzie &
Co., Toronto.
Wood, Gundy & Co., Toronto.
Ontario Securities Co., Toronto.
_
A
$258,200
255,613
254,685
251,007
bid of 102.38 was also received from the
National Trust Co., Ltd., of
Melville, Man.—Debenture Offering.—Proposals will be Toronto,
and Amelllus Jarvis & Co. of Toronto
offered 102.07
received until June 15 for $16,500 534%
30-year debentures.
St. Mary’s, Ont.—Debentures
H. D. Wilson is Secretary-Treasurer.
Voted.—According to re¬
ports, the ratepayers have authorized the issuance of
$40,New Westminster, B. 0.—Debenture Election
000 debentures.
Proposed.—
An election is proposed in this place for the
Scarboro Township, Ont.—Debenture
purpose of voting
Offering.—Proposals
on a by-law
providing for the placing on the market of an will be received until 12 m. to-day (June
4) by Thos. Craw¬
issue of $97,500 school debentures.
ford (P. O. Room 333, Confederation Life
Bldg., Toronto),
or $15,030
Ochre School District No. 919 (P. O.
434% public-school debentures.
Ochre), Man.—
Debenture Sale.—The $4,500 534%
Stamford Township (P. O. Niagara Falls
20-year school-building
South), Ont.—
debentures, proposals for which were asked until May 28 Debenture Sale.—On May 21 the $12,000 5% public-school
(V. 90, p. 1443), were bought by Nay & James of Regina debentures offered on that day (V. 90, p. 1321) were sold
for $4,603 50—the price thus
being 100.077. Purchasers to the Canadian Debentures Corporation, Ltd., of Toronto
to pay “all expenses and
at 102.541 and accrued interest.
A list of the bids re¬
pay exchange.”
Following are ceived
the
bids:
follows:
Can. Deb.
Corp., Ltd., Tor..$12,3051C. H. Burgess & Co., Toronto$12,187
Wood, Gundy & Co., Toronto 12,2631 Aemllius Jarvis & Co.,
Tor__ 12,138
Ontario Securities Co., Tor._ 12,257 W. A.
Mackenzie&Co., Tor.. 12,130
Brent, Noxon & Co., Toronto 12,2111G. A. Stlmson
& Co., Tor
12,035
Maturity part yearly for 20 years.
Nay & James, Regina
$4,603 501H. O’Hara & Co., WlnnlJ. G. Mackintosh, Winnipeg 4,566 00
j peg
$4,500 00
Date
June 1 1910.
Interest annually at the Bank of Ottawa In Dauphin.
Outremont,
Que.—Debenture Sale.—The $75,000 5%
debentures offered on June 1 (V. 90, p.
1443), were sold to
Hanson Bros, of Montreal at 109.59.
Denomination $1,000.
Interest May 1 and Nov. 1.
Maturity May 1 1950.
Port Hope, Ont.—Debenture
Vermilion, Alberta.—Price Paid for Debentures.-—We are
advised that the price paid for the
$10,700 534% bonus de¬
bentures recently awarded to Brent, Noxon & Co. of Toronto
(V. 90, p. 1383) was 100.42. The following proposals were
received:
Offering.—Proposals will be
received until 12 m. June 6 by J. W.
Sanders, Town Clerk,
for the $12,000 434% cement-walk and macadamized-street
debentures voted (V. 90, p. 1383) on
April 28.
Authority vote of 259
to
27.
Interest semi-annual.
yearly for thirty years.
Brent, Noxon & Co., Toronto$10,745 W. A. MacKenzie & Co..
Tor.$10,703
C. H. Burgess & Co., Tor
10,727 Rochester-German Insur. Co,
9,893
Dominion Sec. Corp., Ltd.,TorlO,7l7
Warden School District No. 301 (P.
O. Inga), Alberta.—
Debenture Sale.—An issue of $800
534% 10-year school¬
Maturity part
Rozilee School District No. 2473 (P. O. Rozilee), Sask.—
Debenture Sale.—H. O’Hara & Co. of
Winnipeg have pur¬
chased $1,500 534% 10-year
building debentures
was
disposed of
April 7 to H. O’Hara
April.
school-building debentures for
Whitla School
$1,517 50—the price thus being 101.166. Date April 30 Sale.—An issue District (P. O. Whitla), Alta.—Debenture
of $1,400 534%
1910.
Interest annual.
school-building and furnish¬
ing
debentures
was recently awarded to H. O’Hara & Co.
St. Boniface, Man.—Debenture Sale.—On
May 20 the six¬ of Winnipeg for $1,401 50—the price thus being 100.107
teen issues of 5% coupon
local-improvement .works deben¬ Interest annually in April.
& Co. of Toronto at 101.125.
on
Interest annually in
.
TRUST COMPANIES.
umtefl states nost
MISCELLANEOUS.
Adrian H. Muller & Son,
Gompang of few m,
AUCTIONEERS.
Chartered 1453
46 and 47 WALL STREET
CAPITAL,
-
SURPLUS AND UNDIVIDED PROFITS
-
-
-
-
$2,000,000.00
$13,720,622.42
This Company acts as Executor,
Administrator, Guardian, Trustee, Court Depositary and In
other recognized trust capacities.
It allows Interest at current rates on
deposits.
It holds, manages and Invests money, securities
and other property, real or personal, for estates
corporations and Individuals.
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A.
EDWARDS, 2d Asst.Sec.
Regular Weekly Sales
OF
STOCKS and BONDS
EVERY WEDNESDAY
Office, No. 55 WILLIAM STREET.
Corner Pine Street.
*
TRUSTEES.
W. Bayard Cutting,
William Rockefeller,
Alexander E. On*.
William H. Macy Jr.,
William D. Sloane,
JOHN A. STEWART, Chairman ot the zioara.
Gustav H. Schwab,
Lewis Cass Led yard,
Frank Lyman,
LymaD J. Gage.
James Stillman,
Payne Whitney,
John Claflln,
Edward W. Sheldon.
John J. Phelps,
Channcey Keep
Egerton L. Wlnthrop ,
George L. Rives,
Arthur C. James,
William M. Kingsley.
William Stewart Tod.
MUNICIPAL AND RAILROAD
BONDS
Ogden Mills,
LIST ON APPLICATION
SEAS0NG00D & MAYjER
Mercantile Library Building
CINCINNATI
Fidelity Trust Company
NEWARK, N. J.
F. WM. KRAFT
LAWYER
Specializing in Examination of
Municipal and Corporation Bonds
Resources Over $29,000,000
1312 FIRST NATIONAL BANK
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts as Executor, Trustee, Administrator and in all
Takes entire charge of Real and Personal Estates.
EDWIN R. CASE
fiduciary capacities.
Guarantees Titles
Real Estate throughout New Jersey.
o
NEW
JERSEY
Ho better State
General Banking and Sayings Departments. Bond
Department for
purchase and sale of municipal and public utility securities. Safe
Deposit
BLOQ.,
CHICAGO, ILL.
15
SECURITIES
No better Securitise
EXCHANQE PLACE
Tele. 366 end 711
JERSEY CITY
Department.
The Financial Review
OTTO JULIUS MERKEL
BROKER
44 AND 44 WALL SrREET. NEW YORK
INVESTMENT SECURITIES
Cerreenemdenoe
Invited.
BOUND IN
B. W.
CLOTH. TWO DOLLARS
Strassburger
SOUTHERN INVESTMENT SECURITIES
MONTGOMERY, ALA.
Commercial & Financial Chronicle.
Frnt. Pine and Depeyeter Sts„New York.
June 4 1910,
THE CHRONICLE
xvn
©jyttjcra t&ao&s.
FLEITMANN & CO
484-490 Broome Street,
-
-
NEW YORK
-
IMPORTERS AND COMMISSION MERCHANTS
MANUFACTURERS AND ACCOUNTS FINANCED
484-490 BROOME STREET
458 BROOME STREET
8 WASHINGTON PLACE
59 LEONARD STREET
70-72 WORTH STREET
65
GREENE STREET
EVERETT BLDG., 4TH AVE. & 17TH ST.
IPtutttJCtal.
BANK OF
HAVANA
J’SPENCER TURNER C?.
COMMISSION
76 OUBA STREET
86-88 Worth
CARLOS DE ZALDO. President
JOSE I. DE LA CAMARA. Vice-President
St., NEW YORK, N. Y.
Selling Agents
John E. Gardin ]
Alvin W. KrechINew York Committee
James H. Post J
Acts as Cuban correspondent of American
banks and transacts a general banking business.
MERCHANTS,
CONSOLIDATED COTTON DUCK COMPANY
Also
ImperialJCottonXOo., Ltd.
Cosmos Cotton Co.
U. S. Bunting Co.
H. B. Wiggins’ Sons Co.
Washington Mills.
Brunsene Waterproof Fabrics.
Capital, <1,000,000
j
BRANCHES:
LADD
&. TILTON
PORTLAND
-
BANK
Chicago.
St. Louis.
Boston.
San Francisco.
London.
Manchester.
OREGON
Established 1859
Capital Fully Paid - - - $1,000,000
Surplus and Undivided Profits $500,000
OFFICERS
W. M. Ladd, President.
R. S. Howard Jr.. Asst. Cash
E. Cooklngham, V.-Pres. J. W. Ladd, Asst. Cashier.
W. H. Dunckley, Cash.
Waiter M. Cook, Asst. Cash.
HARDING, TILTON & CO.
Interest paid on Time Deposits and Savings Accounts.
COMMISSION MERCHANTS
Accounts of Banks, Firms, Corporations and Individuals
solicited.
We are prepared to furnish depositors
NEW YORK
facility consistent with good banking.
every
JOHN H. DAVIS &. CO.
BOSTON
GRAY GOODS and YARNS
BANKERS AND BROKERS.
No. 10 WALL STREET.
Members
N.
Y.
and
Phila.
Stock
Selling Agents for
Exchanges.
Orders for Stocks and Bonds executed upon all
Exchanges In this country and Europe.
Especial attention given to supplying hlgh-olast
INVESTMENT SECURITIES.
Interest Allowed
on
WHITMAN MILLS,
HOLMES MFG. C0.t
TILTON MILLS,
SAM0SET WORSTED MILLS
NYANZA COTTON MILLS
Deposits Subject to Checks
Qxnst (Companies.
Effingham Lawrence & Co.
Members N. Y. Stock Exchange
BANKERS
III BROADWAY, NEW YORK
OLD COLONY TRUST COMPANY
BOSTON, MASS.
DEALERS IN
Bonds and Guaranteed Stocks
Capital and Surplus
Orders Executed in all Markets.
-
$12,500,000
DIRECTORS.
WM. FAHNESTOCK,
Memb. N. Y. Stock Ex.
GORDON ABBOTT, Chairman.
FRANCIS R. HART, Vice-Chairman.
T. J. MUMFORD
Fahnestock & Co.
Brokers and Dealers In
INVESTMENT SECURITIES
2 WALL STREET.
Charles F. Adams 2nd
F. Lothrop Ames
Oliver Ames
C. W. Amory
William Amory
Charles F. Ayer
John S. Bartlett
Samuel Carr
B. P. Cheney
Philip Y. DeNormandie
Philip Dexter
George A. Draper
Stocks.
Bonds, Investment Securities
104 SOUTH FIFTH ST.,
Philadelphia
MEMBERS
NEW YORK STOCK EXCHANGE
PHILADELPHIA STOCK EXCHANGE
FOR
Philip L. Saltonsta
Quincy A. Shaw
Howard Stockton
Reginald Foster
George P. Gardner
Edwin Farnham Greene
Gardiner M. Lane
Col. Thos. L. Livermore
Arthur Lyman
Charles S. Mellen
Laurence Minot
Maxwell Norman
Hon. Richard OIney
Robert T. Paine 2nd
Robert F. Herrick
Henry Parkman
Frederic C. Dumaine
William Endlcott Jr.
Wllmot R. Evans
Frederick P. Fish
Hon.T.JeffersonCoolidge
MELLOR & PETRY
Henry C. Jackson
George E. Keith
T. Jefferson Coolldge Jr.
Charles E. Cottlng
Alvah Crocker
Henry S. Howe
Andrew W. Preston
Walter Hunnewell
Richard S. Russell
Charles W. Whittier
Herbert M. Sean
Philip Stockton
Charles A. Stone
Galen L. Stone
Nathaniel Thayer
Lucius Tuttle
H. O. Underwood
Eliot Wadsworth
Stephen M. Weld
Sidney W. Winslow
PRESIDENT. PHILIP STOCKTON
Vice-Presidents, WALLACE B. DONHAM
Treasurer. FREDERIC G. POUSLAND
ARTHUR ADAMS
Cashier. GEO. W. GRANT
JULIUS R. WAKEFIELD
Secretary. CHESTER B. HUMPHREY
Trust Officer. F. M. HOLMES
Authorized Reserve
ANNUAL.
Agent for Trust Companies in Maine, Massachusetts and Rhode Island*
COTTON
SEE
ACREAGE
EDITORIAL
PAGES
REPORT
XT1X1
THE:
yy»
amm
[VOL.
1l£
i=t
LXXXX.
mttm
INCORPORATED
DRY GOODS COMMISSION MERCHANTS
utv
s
V
?
'I
M/
;
err**;
f
53 LEONARD
STREET,
NEW
YORK
1
f
| 1 >s *;
I
$ J\ 1
;
Nokomis Cotton Mills.
Saxe-Gotha Mills.
-t
k.
,
’
••*.*
fi
;
4 ye
-
-
.
.
t
-
if*,
•
t
_
SELLING AGENTS OF
Mill No. 3, Chadwick-Hoskins Co.
Lexington
4
Mfg. Co.
Palmetto Cotton Mills
Valley Falls Mfg/ Co.
Daeotah Cotton Mills.
M'M
Oconee Mills Co.
f
H
Middleburg*’Mills.
-
[ittSttciKl.
E. W. CLARK & CO.
BANKERS,
PHILADELPHIA
321 Chestnut St.
Members Phlla. and NeW York Stock Exchanges.
Interest allowed on deposits.
N.w
Yor^rre^*™
jfjff
George P. Schmidt
Fredarta GaUatin Jr.
J. Prentice Kellogg
William A. Lamed
Chas. H. Blair Jr.
Albert R. Gallatin
schtot, &mmAim
Members N. Y. Stock Exchange
'111
Broadway**-
NEW TORE CITY
*
* -is
t
HENDERSON & COMPANY
24 NASSAU
">
WILLIAM ISELTN &, C@,
MEHBEB8 N. Y. STOOK
Transacts General Banking And Stock
* * *
Exchange Business.
Z : £ J* ‘
''
COMMISSION MERCRARTS, AND
Norman S. Walker Jr.
MERCANTILE BANKERS
v».
Finance Manufacturers’
7(
*
Accounts and
those of
N. Y.§
BROADWAY,
L.*
W dMt
*
%t*
.
*
»,.
/
BANKERS and BROKERS
Selling Agents
PHILADELPHIA
•
W. S. Tar bell.
MEMBERS NEW YORK STOCK EXCHANGE.
Brokers and Dealers in
INVESTMENT
CHICAGO
ii
SECURITIES
wall street, new
york';
VICKERS A PHELPS
SHEETINGS, DRILLS,
FLANNELETTES,
COTTON YARNS- -all
H. L. Finch.
J. S. FARLEE & CO.
CLAJTLIlsr & CO.
BOSTON
^
Members N. Y. Stock Exchange
J. S. Farlee.
NEW YORK
■
John Y. G. Walker
Norton
<%'#>*
‘ *w
WALKER BROS.
No. 1 Greene St.,
i.
n>
fc.
c.
STREET'
>w"',r
I*j*i
5k\ir*f'*j«>'«TT
29 Wall Street, New York City.
Members of New York Stock Exchange
BONDS
Gash orders only in stocks accepted
numbers.
Simpson, Pearce & Co.
Members New York Stock
G. A. STAFFORD & CO.
NEW YORK
BOSTON
CHICAGO
COMMISSION MERCHANTS
E. & C.
Members
Ill
Staple Cottons
FOR
.'V
■’* *
ANNUAL
SEE
*
Randolph
York
Broadway,
Stock
New
HORACE HATCH. Manager.
'tXZi -rooTr. i\i
ACREACE
EDITORIAL
PAGES
Exchange.
York.
Dealers In Investment and Other Securities of the
i; -United States and Canada1
* -<• -
T
COTTON
New
Open Market Securities Department
Bleached, Brown and Colored—for the Jobbing, Cutting-Up,
Converting and Export Trade
♦
111 BROADWAY
NEW YORK
Telephones
4490-1-2-3-4 Rector
SAN FRANCISCO
Exchange
'
'
REPORT
s
June 4
THE CHRONICLE
1910.)
XIX
t&oa&s.
WOODWARD, BALDWIN & CO.,
43
and 45 WORTHJ5TREET, NEW YORK
SELLING AGENTS FOR THE
The Carolina
Piedmont
Glenwood Cotton Mills,
Mills,
Hermitage Cotton Mills
Woodside Cotton Mills,
Orr Cotton Mills,
Easley Cotton Mills,
Home Cotton Mills,
Pelzer Mfg. Co.,
Monaghan Mills,
Woodruff Cotton Mills,
Franklin Mills,
Grendel Mills,
Bamberg Cotton Mills,
Mfg. Co.,
Loray Mills,
Enterprise Mfg. Co.,
Anderson Cotton Mills,
Belton Mills,
Greenwood Cotton Mills,
Victor Mfg. Co.,
F. W. Poe Mfg. Co.,
Saxon Mills,
Fairfield Cotton Mills,
Pickens Mill,
Brogon Mills,
Ninety-Six Cotton Mills,
Williamston Mills,
Chiquola Mfg. Co.,
Toxaway Mills,
Brandon Cotton Mills,
Lois Cotton Mills,
Lydia Cotton Mills,Ottaray Mills,
Eureka Cotton Mills.
yjj
-4
SHEETINGS, SHIRTINGS, DRILLS, FINE CLOTHS, OUTING CLOTHS.
ARUNDEL DUCKS, 8, 10, 12 Oz., 29 Inches Wide.
WARREN MFG. CO.
DUCKS, 12 to 146 inches, different weights.
SittancM.
WILLIAM WHITMAN & CO.
CI. HUDSON & CO.
COMMISSION MERCHANTS
Nos. 34-36 WALL
ST., NEW TORE.
78
Ohauncy St., Boston
Members New York and Chicago Stock Exchanges
360 Broadway, New York
ARLINGTON MILLS
WORSTED DRESS GOODS, WORSTED TOPS, WORSTED YARNS.
MERCERIZED YARNS, COMBED COTTON YARNS
TELEPHONE 8070 JOHN.
THE EDDYSTONE MANUFACTURING CO.
SIMPSON-EDDYSTONE PRINTS
GOBELIN ART
PRINTED COTTON FABRICS
Miscellaneous Securities
NASHAWENA MILLS
in all Markets
SILK MIXTURES
FINE COTTON FABRICS, SPECIALTIES, COTTON AND
PRIVATE
'
WIRES
TO
PRINCIPAL CITIES
0
NONQUITT SPINNING CO.
MANOMET MILLS
COMBED COTTON YARNS
COMBED COTTON YARNS
SOUTHERN
SIMON BORG & CO.,
BANKERS
Membera of New York
DRAPERIES
COTTON YARNS AND COTTON CLOTHS
BOSTON
NEW YORK
CHICAGO
ST. LOUIS
PHILADELPHIA
ATLANTA
CHARLOTTE
BALTIMORE
Stock Exchange
No. 20 Nassau Street,
New Tork
-
LAWEE3STOB &d CO
HIGH-GRADE
INVESTMENT SECURITIES
COMMISSION MERCHANTS
Thomas L. Manson & Co.
STOCK BROKERS
Members N.
100
T. and Boston Stock
Broadway,
-
Exchanges.
NEW YOBS
Boston
New York
Philadelphia
Chicago
St. Louis
San Francisco
SELLING AGENTS FOR
PACIFIC MTT.T.8 a GOOHECO DEPT. OF THE PACIFIC MILLS
BOSTON MFG. GO.
IPSWICH MILLS
MERRIMACK MFG. CO.
SALMON FALLS MFG. GO.
WHITTENTON MFG. GO.
Tel. 8500 Rector
Private Wires to Boston. Hartford. New Haven
and Philadelphia
AM. KIDDER & CO.
BANKERS
8 NASSAU
STREET, NEW YORK.
Established 1865
MEMBERS OF N. Y. STOCK
Allow interest on
BLISS, FABYAN & CO.
BOSTON
NEW YORK
CHICAGO
EXCHANGE.
Commission Merchants
deposits subject to sight check.
Buy and sell on commission stocks and bonds, and
deal In
RAILROAD BONDS
GUARANTEED STOCKS
Henry O. Campbell
Edwin P. Campbell
James 6. MaoLean
H. G.
Campbell & Co.
11 WALL STREET. NEW YORK
Members New York Stock Exchange
ANDROSCOGGIN MILLS
BATES MFG. CO.
BOSTON DUCK CO.
COLUMBIAN MFG. CO.
CORDIS MILLS
EDWARDS MFG. CO.
LACONIA MILLS
OTIS COMPANY—Underwear
PALMER MILLS
PEPPERELL MFG. CO.
THORNDIKE COMPANY, j
WARREN COTTONiMILLS.
AMERICAN PRINTING COMPANY
Securities Bought A Sold on Commission
FOR
OTIS COMPANY
ANNUAL
SEE
COTTON
ACREAGE
EDITORIAL
PAGES.
REPORT
n
THE CHRONICLE
[VOL.
^xrttxrtx.
LXXXX
Jgrost ©orajratxies.
Girard Trust
Woodward & Stillman
Cotton Merchants
16 TO 22 WILLIAM STREET,
American Cotton of all Grades suitable
NEW YORK
to wants
of
Spinners
Company.
Capital and Surplus, $10,000,000
CHARTERED 1836.
Acts
Executor. Administrator, Trustee.
Assignee and Receiver.
Financial Ajtent for Individuals or
Corporations.
as
Interest Allowed on Individual and
Corporation Accounts.
Acts as Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate,
Safes to Rent in Burglar-Proof Vaults.
E. B. MORRIS, President.
W. N. ELY, 1st Vice-President.
A. A. JACKSON. 2d Vice-President.
C. J. RHOADS, 3d Vice-Pres. and Treasurer.
E. S. PAGE, Secretary.
MANAGERS:
Edward
Effingham B. Morris,
J. Berwlnd,
Randal Morgan,
Edw. T. Stotesburjr,
Charles E. Ingersoll,
John S. Jenks Jr.,
John A. Brown Jr.,
John B. Garrett,
William H. Gaw,
Francis I. Gowen,
Geo. H. McFadden,
ESTABLISHED
Henry B. Coxe,
Henry TatnaU,
1868
lETn?. Jac _A.HLd_z?es Xxlc
COTTON
Edgar C. Felton,
,
Isaac H. Clothier,
William T. Elliott,
Thos. DeWItt Cuyler,
W. Hlnckle Smith,
C. Hartman Kuhn,
B. Dawson Coleman.
James Speyer,
Broad and Chestnut Streets,
PHILADELPHIA
Mississippi Valley Trust Co.
Fourth & Pine Sts., St. Louis.
EGYPTIAN, PERUVIAN
COTTON
AMERICAN
CAPITAL, SURPLUS
1*0 cja nnn
and PROFITS
A GENERAL FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED.
WASTE
BOSTON, MASS.
ALEXANDRIA, EGYPT
C. B. THORN.
W. T. MAGINNIS.
THORN &
MAGINNIS
COTTON BROKERS
DIRECTORS.
John I. Beggs, President Milwaukee Light Heat A
Traction Co.
Wilbur F. Boyle, Boyle & Priest.
James E. Brock, Secretary.
Murray Carleton, President Carleton Dry Goods Co.
Charles Clark.
Horatio N. Davis, President Smith & Davis Mfg.Co.
John D Davis. Vice-President.
Auguste B. Ewing.
David R. Francis, Francis, Bro. & Co.
August Gehner, President German-AmerlcanBank
S. E. Hoffman, Vice-President.
Breckinridge Jones. President.
Wm. G. Lackey. Vice-President and Bond Offloer
W. J. McBride, V.-Pres. Haskell & Barker Car Co
Nelson W. McLeod. Vice-President GraysonMcLeod Lumber Co.
Saunders
MEMBERS:
New Orleans Cotton Exchange.
New York Cotton Exchange.
ASSOCIATE MEMBERS:
Liverpool Cotton Association-
New Orleans Future Brokers’ Assn.
220 Varieties
Place,
-
-
NEW ORLEANS
-
COTTON LETTERS MAILED ON
Henry Beer
Edgar H. Bright.
REQUEST.
Established 1872.
HI. & IB.
325 Baronne Street,
J. William Barkdul
C. Morgan Abram
BEEE,
NEW ORLEANS
New Orleans Cotton Exchange
New Orleans Future Brokers’ Association
New York Stock Exchange
New York Cotton Exchange
New York Coffee Exchange
New York Produce Exchange
Chicago Board of Trade
Liverpool CottonlAssociation
©jcrttmx i&xrMs.
L. F. DOMMERICH & CO.
NEW YORK
DISCOUNT AND GUARANTEE SALES
ANNUAL
SEE
H.C. Pierce. Chairman Board Waters-PIerceOllOo,
August Schlafly, August Schlafiy & Sons.
R. H. Stockton, President Majestic Mfg. Co.
Julius S. Walsh, Chairman of the Board.
Rolla Wells.
The Trust Company
of North America
FOR
COTTON
$1,000 009
ADAM A. STULL, President.
HENRY G. BRENGLE, 1st Vice-Pres. & Treasurer
JOS. S. CLARK. 2d Vice-Pres., Superv’g Trust Dept
AGENTS
AND
ACREAGE
PAGES
DIRECTORS.
Henry G. Brengle,
James Crosby Brown,
John Cadwalader,
E. W. Clark Jr.,
Eckley B. Coxe Jr..
Edwin S. Dixon;
Eugene L. Ellison,
Joseph C. Fraley,
Harry C. Francis,
Henry L. Gaw Jr.,
Howard S. Graham,
Samuel F. Houston,
J. Levering Jones,
Malcolm Lloyd,
John Mcllhenny.
Richard Wain Melrs,
Clement B. Newbold,
John W. Pepper,
William F. Read.
Frank Samuel,
Adam A. Stull,
Edward D. Toland,
Joseph R. Walnwrlght.
William D. Wlnsor.
Rhode Island Hospital
Trust Company
PROVIDENCE, R. I.
CAPITAL
SURPLUS
32,000,000
32.000,000
DIRECTORS.
OTHERS
OWN ACCOUNT
EDITORIAL
CAPITAL
Robert H.
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
FOR
Grain Co.
Henry W. Peters. President Peters Shoe Co.
Royal C. Taft,
General Offices, 57 Greene Street
GOODS
Norvell-Shaplelgh
Robert J. O’Reilly, M. D.
Wm. D. Orthwein, President Wm. D. Orthweln
CHAS. P. LINEAWEAVER, Sec. & Trust Officer.
PRIVATE HIRES TO PRINCIPAL. POINTS
NO
President
503-506-507 Chestnut St., Philadelphia
MEMBERS OF
CARRY
Norvell.
Hardware Co.
REPORT
I.
Howard O. Sturges,
Goddard, Stephen O. Metcalf,
Robert I. Gammell,
Walter R. Callender,
William B. Weeden,
Edward Holbrook,
Edward D. Pearce,
James E. Sullivan,
Robert Knight,
Benjamin M. Jackson.
John W. Danielson,
John R. Freeman,
Herbert J. Wells,
Charles S. Mellen,
Lyman B. GofT,
Robert W. Taft,
Rowland G. Hazard,
Webster Knight,
Nelson W. Aldrich,
Stephen O. Edwards,
Samuel R. Dorrance,
Frank W. Matteson,
R. H. Ives Goddard Jr.
HERBERT J. WELLS. President.
EDWARD S. CLARK, Vice-President.
HORATIO A. HUNT. Vice-President.
WILLIAM A. GAMWELL. Secretary.
PRESTON H. GARDNER, Trust Officer.
CYRUS E. LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. Sec’y.
HENRY L. SLADER, Asst. Sec’y.
G. A. HARRINGTON. Asst.Tr.Offleef
June 4
1910.]
THE CHRONICLE
©xrrajrattfces.
©jCrUtott.
Industrial Trust Company
ESTABLISHED IN 1856.
Providence* R. I.
----I
CAPITAL
SURPLUS
$3,000,000
3.000.000
OFFICERS.
Cyrus P. Brown, President
Arthur L. Kelley, Vice-Preside
ZEEeiCLic$r ZEUezo/tz & Co.
COMMISSION MERCHANTS
t
H. Martin Brown. Vlce-Pre^uent
Otis Everett, Vice-President
Joshua M. Addeman, Vice-President
Waldo M. Place, Treasurer
Ward E. Smith, Asst. Treasurer
Chas. H. Manchester, Secretary
H. Howard Pepper, Asst. Secy.
Frederick B. Wilcox .Auditor
BOARD OF DIRECTORS.
Samuel P. Colt
Herbert N. Fenner
Olney T. Inman
J. Milton Payne
William R. Dupee
Eben N. Littlefield
Richard A. Robertson
Otis Everett
Joshua M. Addeman
C. Prescott Knight
James M. Scott
Jesse H. Metcalf
William H. Perry
John J. Watson Jr.
Arthur L. Kelley
Charles H. Allen
H. Martin Brown
John B. Branch
George F. Baker
William P. Chapin
George M. Thornton
Cyrus P. Brown
16 to
Cotton
Coffee
Grain and Provisions
at the
at the New York Produce
BANKING,
SAVINGS AND
DEPARTMENTS.
Exchange
HERKLOTZ, CORN <& CO.
COTTON MERCHANTS
CHICAGO
CHARLES G. DAWES. President.
W. IRVING OSBORNE. Vice-President.
A. UHRLAUB, Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER. Asst. Cashier.
WILLIAM W. GATES. Asst. Cashier
A. G. MANG, Secretary.
MALCOLM McDOWELL, Asst. Secretary.
Chicago Board of Trade and
Gri ain and Cotton-Seed. Oil
CENTRAL
TRUST COMPANY
OF ILLINOIS
-
Also orders for
At the New York Coffee Exchange
Ezra Dixon
Howard O. Sturgis
Louis H. Comstock
Edward D. Pearce
Englehart C. Ostby
$2,000,000
900,000
Future;Delivery
At the New York, Liverpool and New Orleans Cotton
Exchanges.
Angus McLeod
-
William Street, New l’ork
Execute Orders for
Chas. C. Harrington
Capital, - - - Surplus and Profits
xxi
11-19 William Street,
New York
MEMBERS OF
NEW TORE COTTON EXCHANGE.
NEW ORLEANS COTTON EXCHANGE.
ASSOCIATE MEMBERS LIVERPOOL COTTON ASSOCIATION.
NEW TORE PRODUCE EXCHANGE.
NEW TORE COFFEE EXCHANGE.
CHICAGO BOARD OF TRADE.
LONDON COMMERCIAL SALE ROOMS (COFFEE
EXCHANGE).
TRUST
Manhattan
G-watlmiey & Oo.,
Trust
COTTON
Company
22
MERCHANTS,
Exchange Place,
• a
mi
NEW YORK
Temporary Offices
JJ3 BROADWAY
ZEE. IT. zetttzttzm:
COTTON MERCHANT
WALL STREET
CORNER NASSAU
UNITED STATES
82 BEAVER ST..
NEW YORK
Special attention given Spinners’ Requirements for all grades and
Long Staple Cottons
Cotton sold to be paid for on arrival at mills
MORTGAGE & TRUST
COMPANY
NEW YORK
CAPITAL
HENRY CLEWS &
AMERICAN AND FOREIGN BANKERS
SURPLUS,
$4,000,000.00
$2,000,000.00
11, 13* 13 and 17 Broad St., and 33 Wall St., New York
Invites Personal and Business
Accounts. Acts
upunpnc
MEMBERS
Trustee, Ex¬
ecutor, Administrator, Guard¬
ian
and
in
as
all
Fiduciary
Capacities.
Certifies Muni¬
cipal and Corporation Bonds.
CO
/NEW YORK STOCK EXCHANGE
}NEVV
YORK COTTON EXCHANGE
Deposit accounts received from Corporations, Firms and Individuals, subject to
checque on
demand.
Interest allowed on all dally balances and credited monthly.
Certificates of deposit Issued, payable on demand or at a fixed date,
bearing
Interest.
Investment orders from Institutions, Trustees of Estates and
Capitalists will receive
special
attent on.
Orders executed on all the Exchanges for Investment or on
margin.
Cotton futures bought and sold on commission.
Letters of Credit Issued to travelers available in all parts of the world.
55 Cedar St.
B’way A 73rd St.
125th St. & 8th Ave.
FOR
ANNUAL
SEE
COTTON
ACREAGE
EDITORIAL
PAGES
REPORT
[Vol. LXXXX.
THE CHRONICLE
XXII
@otl*ra.
VAN LEEOriCOMPANY
AMERICAN
JOHN 0. LONSDALE
BENJ. B. BRYAN
COTTON PERUVIAN
PHILADELPHIA
241 Chestnut St.,
New York
t
Chicago
Orders solicited for the purchase and
sale of cotton for future delivery.
MEMBERSIOF
New York Stock Exchange
BostonZStock Exchange
MEMBERS OF THEJNEW YORK
COTTON EXCHANGE
r. w. McKinnonjf—t t. j. brosnahan
Siegfr. Gruner & Co.
LOGAN & BRYAN
Chicago Stock Exchange
New*York CottonlExchange
New Orleans Cotton Exchange
New York,
COTTON MERCHANTS
17 South William
111 Broadway
Chicago Board of Trade
Chicago* 2 Board of Trade
New York Coffee Exchange
NewlYork Produce Exchange
Street,
NEW YORK.
Mason Smith & Co.,
OTTON COMMISSION MERCHANTS
Liverpool Cotton Association
NEW
Private Wires Atlantic to Pacific,
ORLEANS, LA,
DENPHIS, TENN.
Buyers of Spot Cotton.
cuted In New
Great Lakes to the Gulf
DALLAS, TEX.
Orders for Contracts Exe¬
Orleans.
New York,
Liverpool and Havre Markets.
©ompatiies.
CHARTERED 1864
Union Trust Company
OF NEW YORK
HAYDEN, STONE & CO.
MAIN OFFICE
80 BROADWAY
Branch 425 Fifth Ave.f Corner 38th St
With Modern Safe Deposit Vaults
BANKERS AND BROKERS
25 Broad Street,
87 Milk Street,
-
Capital $1,000,000
Surplus (earned) $8,000,000
NEW YORK
BOSTON
ALLOWS INTEREST ON DEPOSITS
MEMBERS
New York Cotton Exchange
New York Stock Exchange
Acts as Executor, Guardian, Trustee. &c.
Administers “Institutional” and Other
Boston Stock Exchange
Receives
Fiduciary Trusts.
Securities for Safe Keeping and
Collection of Income.
TRUSTEES
RENSKORF, LYON & CO.
43
Exchange Place, NEW YORK
Harrison E. Gawtry
Charles H. Tweed
James Speyer
Robert w. Goelet
New York Cotton Exchange.
Exchange.
Chicago Board of Trade
BOSTON, MASS.
CAPITAL. 11.000.900
SURPLUS. $2,000,000
Safe Deposit Vaults
Authorized to act as Executor, and to receive
and hold money or property in trust or on deposit
from Courts
of Law or
Equity Executors.
NEW YORK
Administrators,
COTTON EXCHANGE’
COTTON ASSOCIATION
COFFEE EXCHANGE
i
PRODUCE EXCHANGE]
on
OFFICERS
The NEW ENGLAND
TRUST COMPANY
;Cotton Exchange Building
Orders for “ FUTURES ” Executed
Walter P. Bliss
Frederic deP. Foster
Ames F. Eno
Adrian Iselln Jr.
James Gore King
Edwin G. Merrill
M. Orme Wilson
V. Everlt Macy
EDWIN G. MERRILL. President
AUGUSTUS W. KELLEY. Vice-President
JOHN V. B. THAYER, Vlce-Prest. & Sec.
EDWARD R. MERRITT, Vice-President
C. C. RAWLINGS. Trust Officer
HENRY M. POPHAM, Asst. Secretary
T. W. HARTSHORNE. Asst. Secretary
HENRY M. MYRICK. Asst. Secretary
sale of contracts for
Mohr, Hanemann & Co.
NEW YORK
of LIVERPOOL
NEW YORK
NEW YORK
Amory S. Carhart
John V. B. Thayer
Orders solicited for the purchase and
future delivery.
Members
Augustus W. Kelley
N. Parker Shortrldge
William Woodward
Members
New York Stock
H. Van R. Kennedy
W. Emlen Roosevelt
above
Assignees, Guardians, Trustees,
Corporations and Individuals.
Also acts as Trustee under Mortgages
Transfer Agent and Registrar of Stocks and
and as
Bonds.
on Deposits Subject to Check.
OFFICERS
DAVID R. WHITNEY. President
CHARLES F. CHOATE, Vice-President
ALEXANDER COCHRANE, Vice-President
NATHANIEL THAYER, Vice-President
JAMES R. HOOPER. Actuary
HENRY N. MARR, Secretary
FRED. W. ALLEN. Asst. Sec. & Treas.
Interest allowed
Exchanges.
HOPKINS, DWIGHT & CO.,
THOMAS E. EATON, Asst. Treas.
FRANCIS R. JEWETT, Trust Offloer
CHAS. E. NOTT, Mgr. Safe Dep. Vita.
BOARD OF DIRECTORS
COTTON AND COTTON-SEED OIL
COMMISSION MERCHANTS
COTTON EXCHANGE BUILDING,
-
NEW YORK.
Orders for Future Contracts Executed in New York and
FOR
ANNUAL
SEE
COTTON
Liverpool.
William Endlcott, Chairman
Walter C. Bay lies
James G. Freeman
Morris Gray
Alfred Bowditch
James R. Hooper
S. Parker Bremer
Ernest Lovering
Timothy E. Byrnes
Charles F. Choate
Henry H. Proctor
Alexander Cochrane
James M. Prendergaet
Herbert M. Sears
George Dexter
Lawrence M. Stockton
Philip Dexter
William Endlcott Jr.
Nathaniel Thayer
Francis W. Fabyan
Eugene V. R. Thayer
William Farnsworth
David R. Whitney
Frederick P. Fish
George Wiggles worth
ACREAGE
EDITORIAL
PAGES.
REPORT
THE CHRONICLE
JUNE 4 1910.
XXIII
©odiOTt.
J. S. BACHE <& CO.
LETTERS OF CREDIT AND
TRAVELERS’
Latham, Alexander & Co.
CHECKS
AVAILABLE IN ALL PARTS
OF THE WORLD
42
Broadway,
-
NEW YORK
BANKERS
Private Wires to all Important Points.
AND
COTTON
Cotton Commission Merchants
Stocks, Bonds, Grain. Coffee.
Geo. H. M5Fadden &
Bro.,
NEW YORK
43-49 EXCHANGE PLACE
COTTON MERCHANTS
PHILADELPHIA.
NEW YORK.
Liverpool Correspondents:
*
FREDERIC ZEREGA A CO.
.
Bremen
Corespondents:
„
„
.
Accounts of Banks, Bankers, Merchants and Individuals received on
favorable terms, and interest allowed on daily balances, subject to check
at
MCFADDEN BROTHERS It CO.
sight.
6>
SoSiE^ED^^OR^'aTION ETDECOMMIS’N
Contracts for Cotton for future delivery
bought and sold on commission
Stephen M. Weld & Co.,
OOTTOH MERCHANTS,
Hew York City
82-92 Beaver Street,
BOSTON. PHILADELPHIA. PROVIDENCE
PARTICULAR ATTENTION GIVEN TO PUBLIC
WIREIACCOUNTS.
Liverpool. WELD S CO.
Bremen, ALBRECHT. WELD Is CO.
SMITH A HAYNE
OTTO 0. 8TEINHAUSER.
M. T. MAINE JR.
WILLIAM BAT.
Frank B. Hayne (In Commendum)
Cotton Brokers,
COTTON EXCHANGE BUILDING,
WILLIAM RAY & CO.
NEW ORLEANS, LA.
SUCCESSORS TO GBO.'COPBLAND dc
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW ORLEANS. NEW YORK
AND LIVERPOOL MARKETS.
COTTON BROKERS
LEHMAN, STERN It CO.. Limited. New Orleans.
43 Cotton
LEHMAN BROS.
TELEPHONE
Nos. 16-28 William Street. New York.
227 BROAD
Exchange,
Orders executed on the above Exchanges, as well In
New Orleans, Chicago and foreign markets.
Commission Merchants.
-
MEW YORK
-
w^",beks^L»VERPOOL
Orders for Future
New York and
R. H. ROUNTREE &
-
mcmrpbqSNEW YORK COTTON EXCHANGE
Caffes
York,
Members of Ms Stock, Cotton,
and Product Exchanges, New
CO.,
CO.,
COTTON ASSOCIATION
delivery Contracts executed on
Liverpool Cotton Exchanges
COTTON FOR SPINNERS’ USE.
COTTON, GRAIN, PROVISIONS and COFFEE
COTTON EXCHANGE BUILDING.
NEW YORK.
Herman D. Hensel
George M. Shutt
Jtxjcjorotttattls.
GEO. M. SHUTT & CO
COTTON
LYBRAND,
ROSS BROS &
MONTGOMERY
Coffee
BBOK KlfcS,
Exchange Building,
66-70 Beaver Street,
Certified Public Accountants
♦*
I
New York
City.
(Pennsylvania)
Orders solicited for the
NEW YORK,
165 Broadway.
PHILADELPHIA,
Land Title Bldg.
PITTSBURGH,
Union Bank Bldg.
CHICAGO, First National Bank Bldg.
JAMES PARK
A CO.
Delivery.
purchase and sale of Contracts for Future
Correspondence invited.
ROBERT
MOORE & CO.
CERTIFIED PUBLIC ACCOUNTANTS
New York, Chicago, Cincinnati,
56 BEAVER
and
STREET, NEW YORK
London, England.
AUDITORS - FOR
FINANCIAL
INSTITU¬
TIONS, INDUSTRIAL AND
MINING COMPANIES
Investigations, Financial Statements,
Periodical Audits and Accounting.
Orders For Future Delivery Executed in New York
and
Liverpool Exchanges*
a;lfred rose & co.
CERTIFIED PUBLIC ACCOUNTANTS
56 Pine Street, - NEW YORK
COTTON
PURCHASED
FOR
SPINNERS' USE
Telephone 4251 John.
FOR
ANNUAL
COTTON
SEE
ACREAGE
EDITORIAL
PAGES.
REPORT
XXIV
THE CHRONICLE
[VOL.
fatten.
GEO.
H.
LXXXX.
Engineers.
H. M. Byllesby & Co.
MCFADDEN
&
BRO.,
ENGINEERS
DESIGN, CONSTRUCT AND OPERATE RAILWAY, LIGHT. POWER.
HYDRAULIC AND
GAS PLANTS.
COTTON MERCHANTS
121 Chestnut Street,
PHILADELPHIA
3 South William Street,
NEW YORK
EXAMINATIONS and REPOETS
218 La Salle
Street, CHICAGO
Oklahoma City, Oklahoma,
Mobile, Ala.,
Portland, Ore.
Selling Agencies:
FOR NEW ENGLAND AND CANADA.
BOSTON:
J. G. WHITE & CO.
70
Kilby Street.
PROVIDENCE: 6 Washington Row.
FALL RIVER: 25-28 Archer Building.
NEW BEDFORD:
MONTREAL:
Engineers, Contractors
43-49
29 North Water St.
Exchange Place, NEW YORK
Chicago, Ills.
87 St. Francois Xavier Street.
San Francisco, Cal.
Investigations and Reports on Electric
Railway Gas, Electric Light and Power
Properties. Irrigation Systems, &c.« for
Financial Institutions and Investors.
FOR SOUTHERN MILLS.
Electric
Railways, Electric Light and Power
Plants, Irrigation Systems Financed,
Designed and Built.
ATLANTA, GA.
SPARTANBURG, S. C.
GREENVILLE, S. C.
CHARLOTTE, N. C.
AUGUSTA, GA.
London Correspondents:
J. G.
WHITE & CO., Limited
9 Cloak Lane. Cannon St.. E. C.
C. G. YOUNG
Foreign Correspondents:
FREDERIC ZEREGA & CO., Liverpool.
MC FADDEN BROTHERS & CO., M. B. H., Bremen.
SOCIETE DTMPORTATION ET DE COMMISSION,
Engineering and Construction
Plans,
Havre.
Methods,
SIXTY
Operation
WALL ST.,
Public Utilities and Industrials
NEW YORK
Reports for Financing
The most conservative bankers, broken
and investors have constantly before
them
DICK BROTHERS & CO.
ON
”
Fundamental Condition*
BROAD STREET
30
BABSON’S REPORTS
Per
details concerning these Reports or our
*Buslnees Barometers” (which we Install in banks
both for their own and customers’ use) address
Babson’s Compiling Offioes, Wellesley Hills. Mass
NEW YORK
New York office, 33
Broadway
Largest Statistical Organization in the U. 8.
MEMBERS.
New York Stock
Exchange
Mem. Am. Soc. C. E.
New York Cotton
H. U. WALLACE
Exchange
New Orleans Cotton
Exchange
Liverpool Cotton Association
Philadelphia Stock Exchange
New York Coffee Exchange
Chicago Board of Trade
ENGINEER
Examinations, Reports, Surveys, Supervision of
construction and operation of Electric and Steam
Railroads, Power Plants, Transmission lines.
Stations and Irrigation projects. Etc.
Ex-Supt. Illinois Central RR.; Chief Engineer
Illinois Central RR.; and Gen’l Manager
Chicago
Lake Shore & South Bend Electric
Railway.
Central
Marquette Bldg.
CHICAGO, ILL.
Edmond C. Van Diest
Robert McF. Doble
Thomas L. Wilkinson
BRANCH OFFICES
PHILADELPHIA
PARIS
HOTEL ST. REGIS, NEW YORK
Associated Engineers Co.
BOSTON
NEW LONDON Examinations, Reports. Construction, Operation
Irrigation Enterprises a Specialty
WALDORF-ASTORIA
HOTEL, N.Y.
417Century Building
DENVER. COLO.
Established 1889.
PRIVATE WIRES TO ALL PRINCIPAL CITIES
A.
L.
REGISTER &. CO.
Successors to Pepper & Register
ENGINEERS & GENERAL CONTRACTORS
ORDERS EXECUTED IN ALL MARKETS
112 North Broad Street
Philadelphia.
putting tgttgitteevs.
H.
M. CHANCE
Consulting Mining Engineer and Geologist
FOR
ANNUAL
SEE
COTTON
ACREAGE
EDITORIAL
PAGES.
REPORT
GOAL AND MINERAL PROPERTIES
Examined, Developed, Managed
8ST Drexel Bldg.
PHILADELPHIA. PA
June 4
1910.]
THE CHRONICLE
XXV
Cotton.
STEPHEN M. WELD & 0 0.
COTTON COMMISSION MERCHANTS
NEW YORK CITY,
82-92 BEAVER ST.
Members of NEW YORK AND NEW ORLEANS COTTON
.AND LIVERPOOL COTTON ASSOCIATION
EXCHANGES,
ORDERS FOR
FUTURE DELIVERIES EXECUTED
ON ALL EXCHANGES
SPECIAL ATTENTION TO SPINNERS' ORDERS.
CORRESPONDENCE SOLICITED.
CORRESPONDENTS:
STEPHEN M. WELD & CO.,
89 State St., BOSTON.
STEPHEN M. WELD & CO.,
Provident
WELD & CO.,
Bldg., PHILADELPHIA.
STEPHEN M. WELD & CO.
7
LIVERPOOL, England.
ALBRECHT, WELD & CO.,
BREMEN, Germany.
WELD & NEVILLE AGENCY
College St., PROVIDENCE, R. I.
MILAN, ITALY
WELD & NEVILLE
COTTON MERCHANTS
HOUSTON, TEXAS
82-92 Beaver St., NEW YORK
SPECIAL ATTENTION GIVEN TO
SPINNERS’ REQUIREMENTS FOR
SPOT COTTON OF ANY GROWTH
Correspondence invited from Southern Mills
[VoL. LXXXX.
THE CHRONICLE
XXVI
©trttcm.
.
& Co.
COTTON MERCHANTS
COFFEE
EXCHANGE BUILDING
HANOVER
SQUARE
NEW YORK
MEMBERS
New York Cotton
Exchange
New[Orleans Cotton Exchange
New York Coffee Exchange
Chicago Board of Trade
New York Produce
Associate Members
Exchange
Liverpool Cotton Association
CABLE ADDRESS “NODINE” NEW YORK
@FedFRASER