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CHRONICLE SECTION.
INCLUDING
State and City Section (semi-Annually)
Section (Monthly)
Bank and Quotation
Street Railway Section (^ea^®*)
Railway andActIndustrial
Section
(Quarterly)
of Congress in the year 1907,by William B. Dana Company, in Office of Librarian of Congress, Washington, D. a
Entered according to
NO. 2189.
NEW YOEK JUNE 8 1907.
VOL. 84.
financial.
THE LIBERTY
FISK & ROBINSON NATIONAL BANK,
financial*
fifimmciaL
AMERICAN BANK
NOTE COMPANY
78 to 86 Trinity Place, New York
Business Founded 1T8A Reorganised 18T»
Engravers » Printers
SHARE CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
BANK NOTES,
PORATIONS, DRAFTS, CHECKS,
OF EXCHANGE, STAMPS, BTCX,
BILLS
RAILWAY
IMPROVED' 8TYLBS
PRINTING
TICKETS OF
NEW YORK.
Government Bonds
Investment Securities
BOSTON
NEW YORK
The National Park
Bank
York.
of New
$3,250,000.
FRED'S B. BCHKNCK. President
D. G. REID,
CHARLES M. STOUT
Vice-President
V ice-President
JAMES
V. LOTT
CHARLES W. RIKCKS,
Cashier.
2d Vice-President.
•
-
President
-
-
Vice-President
Vice-President
•
-
Treasurer
Secretary
...
93,000,000 00
M,645,154 03
102,614,140 03
Capital
Surplin and Proflte
Deposits Mar 90,1907
Chairman of the Board
Edmnnd O. Converse
Warren L. Green
Phineas C. Loansbury
Francis L. Potts
Andrew V. Stout
A. J are tiki
J*\ L. Hina
&F.C. Young.
Harvey Fisk NEW
& Sons,
YORK
62 CEDAR ST.,
JOHN C.
McKEON,
-
Dealers in
Railroad and
Government,
Municipal Bonds,
and ether
MAURICE H. EWER,
CASHIER.
WILLIAM A. MAIN
ASST. CASHIER.
WILLIAM O. JONES,
ASST. CASHIER.
-
Bankers and
VICS-PRE8IDKNT.
VICB-PKESIDXNX.
JOHN C VAN CLEAF,
VICE-PRESIDENT.
INVESTMENT SECURITIES.
Philadelphia,
represented by
Jamba H.
JDXCROFT ASST. CASHIER.
FRKD»K O.
H. P. Davison.
Arthur K. Luke.
J. Rogers Maxwell,
Ambrose Moaell.
Fred’k B. Scttenck.
Daniel G. Reid.
Charles A. Moore,
Charles H. Warren.
Frederick G. Bourne.
Charlee H. Stout
DELAFIELD,
GILBERT G. THORNE.
TRUSTEES:
T. H. Freeland,
K. C. Converse,
T. A. Gillespie.
Geo. F. Baker,
Henry C. Tinker
president.
Warrkn L. Green,
D. E. Woodhull, Joseph Fleming, Chas. L. Lee
Frank K. Johnson,
FRED'S P. McGLYNH
Asst. Cashier.
HENRY P. DAVISON,
Chairman Exec. Com.
1806.
Organized
RICHARD
OFFICERS:
Undivided Proltn.
Capital, Sarplns and
DIRECTORS:
WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING ft LITHOGRAPHIC
AND TYPE
BANKERS
Chicago,
Chapman, 421 Cbestnit St
represented by D. K. Drake,
Continental National
Our list of Investment Securities
Bang Bulkttn*
sent on application
CHARTERED 1810.
Members or
Stock
Richmond and Baltimore
Exchanges.
MECHANICS’ NATIONAL
Williams & Sons,
John L.BANKERS,
Main Streets,
RICHMOND, VA.
RANK.
Edward B. Smith & Co.
33 Wall Street.
BANKERS
Corner 9th and
Baltimore Correspondents:
AlIDDENDOBF.
Capital,
Surplus,
WILLIAMS A Co
■
$3,000,000
3,000,000
-
-
■
■
Main Streets,
Capital & Surplus.
$1,500,000
OFFICERS:
JOHN SKELTON WILLIAMS, President
FREDERICK E. NOLTING. Vice-President
T. K. SANDS, Vice President «Ss Cashier.
H. A.
Li.
Clearing House
Bank
HEPBURN, President
H. WIG GIN, Vice-Pres. E. J. STALKER,
A. U.
Cashier
Directors:
Henry W.Cannon.
TI1E
NATIONAL
OF THE CITY OF
—
IS
MEW YORK
PINE
ESPEC1AEEY
ARRANGED FOR
HANDLING
UERCAMTIJLE ACCOUNTS.
CHESTNUT STREET,
PHILADELPHIA.
GARFIELD NATIONAL
23d Street and
BANK,
Sixth Are.,
New York.
Capital
Surplus
-
-
-
-
GALLATIN
NATIONAL BANK
OF THE CITY OF
THE
BANK OF NEW YORK
Motional Banking Association.
President
H. Stevens, Vice-President
George E. Lewis, Cashier
Howell T. Manson, Assistant Cashier
Alexander
DIRECTORS
Adrian Isjclin Jtt
Fkxdkkic W. Stevens
Chas. A Pxabodt
Li. STEVENS
W. KMIJni JbUXNUTSLt
CHABUU LL Tw~BSB
ALXXANDKU
ACCOUNTS INVITED.
$1,000,00$
2,300,000.
OFFICERS
Samuel Woolverton,
Founded In 1784.
NEW YORK
Capital .....
Surplus St Profit* (earned)
$1,000 000
1 000 000
BANK
—CORNER NASSAU AMD
STREETS
THE
BONDS.
328
1822.
RAILROAD AND OTHER
A. Barton Hsabern
George K. Baker Jr.
EQUIPMENT OF THE
FOURTH
Welsh,
ORIGINAL CHARTER
MUNICIPAL
Chairman. James J. Hill
F. Baker John 1. Waterbary
Oliver II, Payne George
Grant B. Schley
Albert H- Wlgffln
Philadelphia.
Building
Cnp.&Surp., $9,436,000 Deposits, $63,345,000
A.
511 Chestnut Stress
INVESTMENTS.
WILLIAMS, Asst Cashier.
1). CRENSHAW JR.. Trust Officer.
Chase National
and Phila. Stock Exchanges,
New York.
Francis Ralston
Richmond, Va.
Members New York
7 Wall Street,-
Bank of Richmond,
N. E. Cor. 9ih and
INVESTMENT SECURITIES
Samuel WooLvxaao
THOMAS DkXXT
f
f
'1 I
[VOL.
THE CHRONICLE.
n
Uanhevs and
LXXXIV.
of fforeign ‘^rcltaimc.
tamers
J. P. Morgan & Co., Maitland,Coppell & Co., Kidder, Peabody & Co.,
j
WALL STREET
5‘J
CORNER BROAD.
STREET,
WILLIAM
NEW YORK.
NEW YORK.
Drexel & Co.,
norgan, HarjesA Co.
Oor.offitb & Chest not Sts
31 Boulevard Uausamann,
PHILADELPHIA.
PARIS.
115 DEVONSHIRE
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
STREET,
BOSTON.
issue Loans.
Telegraphic Transfers,
Bills of Exchange,
Tetters
of Credit,
BANKERS.
ON
DOMESTIC AND 1URE1GN
BANKERS,
Deposits received subject to Draft. Securities
bought and sold onCoramisalon. Interest allowed on
Union o4 London Sc Smiths Dank,
London,
Messrs. Mallet Freree Sc Cle.,
Foreign Exchange. Commercial Credits.
Circular Letters for Travelers
Gable Transfers.
available in all parts of the world.
Deposits.
ATTORNEYb AND
lUenars. J. S.
MORGAN Sc CO.,
-
LONDON.
-
Co,,
Brown Brothers &
BOSTON.
NEW YORK.
PHILA.
1
Hems. N. Y„ Pbila„ Boston A
'•'! i
No. 23 NASSAU 8TEET,
York Stock Exchange.
Agents and Correspondents of the
Buy and sell Bills of
Africa
DEPOSIT
Exchange
transfers on all
Issue Commercial and
polats.
Travelers’ Credits, available in
all parts of the world.
and make cable
BROWN, SHIPLEY & GO.,
LONDON.
London, Faria and Vienna.
ISSUB LETTERS OF CREDIT
FOR
TRAVELERS,
BANKERS,
Mo. 21 Broad Street, Mew York,
DRAW BILLS OF EXCHANGE AND MAKE
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE, CALIFORNIA AND THE
Available In all parts of the world.
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE, Caha, and the
other West Indies, Mexlooand California.
Execute orders fer the purchase
of Bonds and Stocks.
and sale
Cuyler, Morgan & Co.,
44 Pine Street, New
J. & W. Seligman & Co.,
Issue Letters of Credit to Travelers
Available in anv Part of the World.
ROTHSCHILD,
Messrs.
Investment
Securities.
INTERNATIONAL CHEQUES.
CERTIFICATES OF
Letters
of Credit.
LETTERS OF CREDIT.
Members of New
United
United
FOREIGN EXCHANGE.
British
August Belmont & Co.,
Baltimore St’k Kxcb’s.
Buy and sell first-class In¬
Paris.
clonal de Mexico
TRAVELERS LETTERS OF CREDIT
Available throughout the United States.
WIRE.
vestment Securities on com¬
mission.
Receive accounts
of Banks. Bankers, Corpora¬
tions, fcirmn and individuals
Collect
on favorable terms.
Grafts drawn abroad on all points in the
States and Canada; and drafts drawn in the
Mates on foreign countries. Including South
INVESTMENT SECURITIES.
And Its Branches.
SONS, BALTIMORE.
CONNECTED BY PRIVATE
a
BANKERS,
59 Wall St.
ALEX. BROWN &
Banoo N
Agents for the Bank of Australasia, the
Guiana Bank, Demerara, etc., etc.
AGENTS OF
No. 22 OLD BROAD STREET,
Limited,
HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities.
CORRESPONDENTS OF
AGENTS AND
Seligman Brothers, London.
Seligman Freres Sc Cle., Parle.
Alsberg, Goldberg Sc Co., Amsterdam.
Anglo-Callfornlan Bk .,Lt.,SanFranciflce
York.
BANKERS
INVESTMENT SECURITIES.
TAILER&tD
MEMBERS OF NEW YORK
Mmondalo.
STOCK EXCHANGE.
33 Pine Street, New York
27 Pine Street, New York
& CO..
KESSLER
BANKERS.
BANKERS
54
WALL
STREET,
Members ot the N. Y,
INVESTMENT
NEW
YORK.
Stock Exchange.
Buy and Sell Bills ot Exchange and
Cable Transfers an all ue
Principal European Cities.
SECURITIES
COMMERCIAL
AND
TRAVELERS’
CREDITS, BUY AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
Cables “Mimosa”
Do a General Foreign and Domestic
Banking Business and issue Letters of
Credit, Bills of Exchange and Cable
Transfers. Members New York Stock
Exchange; Execute Commission Orders.
Foreign Cable Service a Specialty
ISSUE
ft
•
Winslow, Lanier & Co.,
59
CEDAR
NEW
INVESTMENT SECURITIES.
AGENTS FOR CORPORATIONS.
Philadelphia: 507 Chestnut Street
STREET,
Heidelbach. Ickelheimer & Co..
YORK,
BANKERS,
BANKERS.
37
William Street,
MEMBERS N. Y. STOCK EXCHANGE.
Deposit! Received Subject to Draft. Interest
Allowed on Deposits.
Securities
Execute orders for purchase and sale of
Bought ana Sold on
Stocks and Bonds.
Graham & Co.
Commission.
hr.
BANKERS
Foreign Exchange Bought and Sold.
Foreign Exchange, Letters of Credit. Issue Commercial and Travelers’- Credits
available in all parte of the world.
Kean, V an Cortlandt&Co
IksM
Uorrespoedenta ft
NEW YORK.
(;^s
Transact
a
General Foreign
ana
Domestic
Banking Business.
N
Dealers in Investment Securities.
Co.,
John Munroe &York.
No. 30 Pine
Street, New
Square, Boston.
No. 4 Pool Office
Issue Circular Jitters of Credit ior Travelers'
Abroad Agumtji Ca«n or Sal iMuclory
Use
Exelieugre ou Loudon, JParlo, Lerlln,
Zurich and St* Gail.
Parlo Houee—xtlLNROK Sc CO.
Government
Securities
and Municipal
Bonds,
of Railroads, Street
Railways and Gas companies
of
Meters.
Act
Issue
value
established
as
Financial Agents
Foreign and Domestic Letters
Credit and Travelers' Cheques
of
LawrenceTurnureACo. MOSLE BROTHERS.
Bankers,
50
Wall Street, New York.
draft, lntereut al-
deposits. Hecorttlea bought and sold on
commission. Travellers credits avaJiahie through¬
out the United biales. Cuba, Puerto Kieo, Meolco,
Central America and bp&in. Make collections inand
issue drafts and cable transfers on above countries
1 lowed on
London
Ckeoitf Opened a no Payment* M ale bvCable
Chestnut Street,
PHILADELPHIA
York.
Pnihfing A <*• Ktaa. Umdm.
Job. BtioiMn. GmnIw A Co., Hamburg.
AUronaid A Co., Ports.
B*un« Book. FlttaM Iiaosrlaer Bank. Bremen,
issue ( sm—riil A Irewhn' Caortlts.
Buy ud Sell BtMt ot E«chaggc.
Cobtc Trusters ud havestmeof Securities
Deposits received subject to
Guaranty of Repayment.
Ruckgaber,
BAMKKXh,
11 William Street, ...
New
Members Mew Yfrk Btocfc Exchange.
BASHERS,
80 PINE STREET,
Schulz &
007
Honker*:
—
Loudon Joint-Stock
Hook, Limited.
Purl* Hunkerai—llelno Sc Vo,
10 & 18
EXCHANGE PLACE,
NEW YORK.
COMMERCIAL CREDITS,
TV REIGN
Attorneys ani>
MESSRS. KONIG
EXCHANGE.
Agents or
BROTHERS Banker*
LONDON.
ui
THE CHRONICLE.
Junes 1907
gaufeevs.
jankers.
bankers.
Wm. A. Read & Co.
Millett,Roe & Hagen
BANKERS.
Lee, Higginson & Co.,
44 Stale
BANKERS
3 Broad
Street, BOSTON.
CHICAGO OFFICE,
The Rookery.
43 State St.
HIGH-GRADE BONDS
203 E. German St.
20* La Salle S*>
Baltimore.
Chicago.
boston.
Members New York Stock
Exchange.
Boston, 10 Post Office Square.
Member* New York and Boston
Stock Exchanges.
Plympton,Gardiner & Co.
Dealers in
NASSAU STREET,
NEW YORK.
25
New York.
Street,
Investment Securities.
Member a N. Y. Stock
J. B. RUSSELL & CO.,
Exchange
BANKERS
and Chicago Stock
Exchanges
Members New York
46 WALL
ST., NEW YORK,
DEALERS IN
27 William St.,
New Yerk
50 Congress St.,
232 La Salle St.,
Chicago.
Boston.
Conservative
LISTS ON
Investments.
High-Grade Bonds
AND
Investment Securities.
Members:
New York Stock Exchange.
of the Illinois Tunnel
Company.
tatlvee of the
Financial
William
.
CHICAGO, ILL.
CABBONDALE, PA.
WILKES BABBE, PA.
BEADING, PA.
SCRANTON, PA.
DAYTON, OHIO.
BINGHAMTON. N. Y.
Goldman, Sachs & Co.,
ns
fiscal agents for munici¬
palities
and corporations. Issue
of credit and
deal in
BONDS FOR INVESTMENT
LIST ON APPLICATION
NEW YORK
35 Wall Street
Harris Trust & Savings Bank
CHICAGO
Receive deposits subject to check
and allow interest on balances.
letters
Automatic
BRANCH OFFICES:
BANKERS
Act
Investment Securities
Company.
N.W. HARRIS & CO.
NEW YORK
Railroad and other
Chicago Stock Exchange.
Financial Representative*
N.W. Harris A CoBOSTON
BANKERS
Safety Deposit Vaults for Uae of Customers.
BEQUEST
Pine Street, Corner
Geo. P. Butler & Bro.
BANKERS
43
Kissel, Kinnicutt & Co.
NEW YORK.
EXCHANGE PLACE,
Members of New York Stock
37 Wall
Exchange.
Foreign and Domestic
Execute orders for purchase and
sale of
Stocks and Bonds.
BANKERS
Buy and Sell Foreign Exchange.
cable
address
Street, Hew York.
BILLS OF EXCHANGE
"coldness."
CABLE TRANSFERS
Blake Brothers & Co.,
60
84 State Street,
Exchange Place,
BOSTON.
NEW YORK,
Dealers in
and other
MUNICIPAL
Commercial
&
GOODWIN
BANKERS
Corporation Loans,Collateral Loans
Commercial Paper
also
High-Grade Investment Securities
Railroad
Ill
Broadway.
Equipment Trust Issues.
35 Concress SI
BOSTON
NliW YORK
DEALERS IN
Investment Securities
and Commercial Paper
Cor. of Wall and Broad
Paper.
New'York A Boston Stock Exchanges.
BOND
1st Nat.Bk.Bldg
CHICAGO
Draw Bills ot
Head
&
Co.,
Members of
New York and Boston
17 Broad Street,
NEW 1'Olik
20
Stock Exchanges
74 State street,
BOSTON
King 8t., West, Toronto, Ont.
86 8L Francis Xavier, Montreal, Que.
J-rtvaL
Exclusive
ui res
connoting all ojjlcw.
private wire to Cobalt, Out.
CO.
INVESTMENT SECURITIES
Exchange and make
tralia, the West Indies, Central and
South America and Mexico.
Issue Letters ot Credit tor Travelers,
available in ail parts of the world.
BANKERS.
0 and 11 Wall Street,
Members Setc York
BANKERS.
BONDS
FOR
INVESTMENT.
Deposit Accounts.
Agents for Cities and Corporations.
Interest Allowed on
Fiscal
NEW I0BH.
Chicago. San Francisco
49 Wall Street,
Phlladelohia.
Forshay,
Zimmermann &
Orders exWMted tor stoets
N. W. HALSEY & C0„
Sts., Hew York.
Cable Translers to Europe, Asia, Aus¬
ment or on
Charles
of tha world.
H. B. HOLLINS &
BONDS.
Investment Securities.
Members
Available in all parts
EUROPEAN
CITY
YORK
NEW
Issue Commercial and Travelers*
Letters of Credit,
COLLECTIONS MADRON ALL
POINTS
NEW
YORK
PHILADELPHIA
New York.
Stock Exchange.
and bonds for Invest¬
margin.
E. D. SHEPARD & CO.
FOREIGN EXCHANGE Bought & So/d
LETTERS OF CREDIT ISSUED.
Cable Translers to ail Parts of the
BIRD S.COLER,
Member N. Y.Stock Kjcebau«e.
World.
LONDON
BOSTON
LEONARD H. HOLE.
W. N. COLER &
CO.,
BANKERS
59 CEDAR ST., NEW YORK.
INVESTMENTS.
Stern &
Schmidt,
FOREIGN EXCHANGE,
INVESTMENT SECURITIES*
NEW YORK.
27 WILLIAM STREET,
Members N V. Stock, Cotton and
Coffee J
[VOL. LXXXIV.
THE CHRONICLE
IT
Canadian gatifes.
f^orjeigti.
The Union Discount Co. Bank of Montreal
DEUTSCHE BANK,
[ESTABLISHED 1817.1
of London, Limited.
BERLIN, W.
CAPITAL
M.
$5=£1 STERLING.
823,810,000
^NOTICE IS HEREBY GIVEN that the RATES
100,000,000.
INTEREST allowed for money on deposii are
OF
TEAR*:
DmDMTDS PAID DURING LAST TAN
as
10.10)4,11,11,11,11.11.12,12 12 per oent.
Branches:
BREMEN, DRESDEN, FRANKFORT-ON-M„
HAMBURG,
LEIP8IC,
MUNICH.
NUREMBERG, AUGBBURG
WIESBADEN,
AND THI
Deutsche Bank (Berlin) London
4 Georqe Yard, Lombard
Apencvt
8t.
LONDON, E. C.
-
.
.
.
$14,400,000.00
11,000,000.00
UNDIVIDED PROFITS
159,831.84
Head Office-Montreal,
Bt. Hon. Lord strathcona and Mount Royal
G. C. M. G
Honorary President
Hon. sir George A.
Drummond
K.C.M.G.Preeident
General Manager
K. 8. CLOUSTON.. Vice-Brest, and
follows:
Call, 2& Per Cent. -
At
-
-
REST
2,250.000
Reserve Fund
RESERVE
-
87,500,000
3,750,000
Capital Subscribed
Paid Up
200,000,000.
M.
london.
Telegraphic Address, Udisco,
847,019,000
CAPITAL
paid in
39 COKNHILL.
1 3.
BEHREN8TRA88E 9 TO
NEW YORK OFFICE:
At|3 to 7 Pays’ Notice,'*234 Per Cent.
“The Company discounts approvedbank and mer¬
cantile acceptances, receives money on deposit
at rates advertised from time to time, and grants
loans on approved negotiable securities.
CHRISTOPHER R. NUGENT. Manager.
31
No.
PINE STREET.
Buy and sen Sterling and
FRENCH FINANCE CORPORATION
OF AMERICA.
investment
Purchaser* of Firat-Claa*
)
R. Y. HEPDEN,
W. A. BOG,
J. T. Molineux,
V Agents.
)
Continental Exchange
and Cable Transfers; grant Commercial and Trav¬
elers' Credits available in any part of the world;
issue drafts on and make collections in Chicago and
throughout the Dominion of Canada.
London
Office, No. 46 A 47 Tnreadneedle St.
F. W. Taylor,
Manager.
Securities for the Frencli
BANCO ALEMAN TRANSATUNTICO
(Deutsche Ueberseelsche Bank.)
Paid Up
84,701,000
Capital
Sab*crlbed
M.
90,000,000
M.
17,600,000
<
84,190,000
Capital
8098,000
Kooorve Pand
M.
Market.
AGENTS IN FRANCE
FOR AMERICAN RAILWAY CORPORATION
IN THE OBTAINING OF LOANS AND SALE OF
SECURITIES.
2,989,000
NEW
HEAD OFF IJC E t
25
BERLIN.
PARIS,
TORE,
Broad
The London
Midland Bank,
9, roe Fillet-Will
street.
SWISS BANKVEREIN
Drafts, cable-transfers and
o1 credit issued.
BASLE, ZURICH, 8T. GALL,
GENEVA, LONDON.
_
E.C.
Capital, Paid Up
*
Surplus
-
E. H. HOLDEN, HI. P.,
Adolph Boiwevain & Co.,
Amsterdam. Holland.
Stintbrdck* 1
LONDON, JE. a.
58 Corn hill.
Handels-Gesellschaft,
BERLIN, W.,
Teleprapklc Address, Disoontogx, Berlin.
-
*•
“
Disoontoge, Frankfurtmain.
schwolde, Bremen.
Boondito, London.
CAPITAL, fully paid,
Behrenstrasse S2-3S I and
Franzoslsche-Strasse 42
Telegraphic A d dr tit:—Handelschaft, Berlin:
$40,476,200
-
TRANSACT A
GENERAL
AND STOCK EXCHANGE
Berliner
BREMEN.
FRAN K FO RT-ON-M^
•
CO.,
Members New York Stock Exchange.
BERLIN, W
42-44 Bshkxn Strasse.
“
Managing Director.
NEW YORK.
E8TABLI8HED 1861.
"
15,714,250
15,714,260
CAPITAL,
RESERVE FUND,
Disconto-Gesellschaft,
Rossmakkt la
$75,428,400
PAID-UP
Fr. 62,800,000 BOISSEVAIN &
Fr. 14,280,000
24 BROAD STREET,
Direction der
,
Cities and Towns
ESTABLISHED 1836.
SUBSCRIBED CAPITAL,
letters
London Agent*.
Deutsche bank (Berlin) London Agency.
4 George Yard, Lombard St.. London.
London, England.
Telegraphic Address: Cinnabar, London.
paraiso.
Pnu: Areqnlpa, Callao, Lima.
8 EvenAY: Montevideo.
SPAIN: Barcelona,Madrid.
Bills sent for collection, negotiated or
advanced upon.
Limited,
With Branohes in all the Principal
of England.
BahiA-Blanca,Bell-Vllle, Bueno* Alree,
Cordoba, Tnonman
BOLIVIA: La Paz, Omr&
0HU: Antofagasta, Concepcion, Iquique,Osorno,
Puerto Hontt, Santiago, Temuco.ValdlTla, Val¬
City &f
HEAD OFFICE:
5 Threadneedle Street,
Branches i
AMKNTDTA:
foreign
ACT AS FINANCIAL
BANKING
BUSINESS.
Chartered Bank of India,
Australia and China
$6,000,000
Capital
Reserve liability of stockholders.. 6,000 000
Reserve fund
7,375,000
Undivided profits. 1906
465,000
DRAFTS, CABLE TRANSFERS AND LETTERS
BRANCHES THROUGHOUT ASIA
ESTABLISHED 1856
G.
51. 170,900,000.
OF CREDIT
Brnce-Webster. Agent,
88 Wall Street, New York
EBSERYE,
$13,712,626 Banking Transactions of Every Description.
....
M. 57.590.911.
Wxlh the unlimited personal liability of
the foUounng partners:
J. llOETER,
E. Russell,
k. Urbig.
A. Bchoellsk,
M.BCHINCKEL,
A. Balomonsohn
^Capital,
Reserve,
•
-
M.100,OOP.000 TUI
-
-
M. 29,000,000 JE
Hong Kong & Shanghai
BANKING CORPORATION.
Paid-up Capital (Hong Kong Currency)..110,000,000
Fund,
10,000 000
Reserve Liability of Proprietors.
Brasilianische Bank
The National Discount
fur Deutschland.
Al 10.009,000 00
CAPITAL
HAMBURG.
B-anches: Riodk Janedk , sao Paulo.
Heal Oftice:
Santos,
Porto Alegre.
Bank fur Chile und
Deutschland.
CAPITAL
51 10,000,000 00
HAMBURG, with branches In CHIU (Banoo de
Chile A Alemacla); Valparaiso, Santiago, Concep¬
tion, Temnco,
Antofagasta; and In BOLIVIA
Chile A Aiemanta, Becclon Bollvlana),
eanooand
de Orura
paz
The above-named banks, founded and represented
In Europe by the
Direction der Dlaconto-Geaellschatt,
Berlin, Bremen. Frankfort oim and London
Norddeatache Bank la Hamburg,
H AMBUHC, offer their services for every description
of regular bank ng transactions.
'
Company,- Limited.E. C.
35 CORNHILL,
LONDON,
Cable Address—Natdls, London.
Subscribed Capital
Paid-Up Capital
Reserve Fund
821,100,025
4,23 <,325
2,000,000
($5=£1 STERLING.)
grant drafts, issue letters of credit, negoti¬
ate OB collect bills payable in china, japan.
PHILIPPINES. STRAITS SETTLEMENTS. INDIA. ETC.
WADE LIARD’NEU, Agent,
50 Wall St.
INTERNATIONAL BANKING
corporation.n#
CAPITAL & SURPLUS.
*6,500,000
Bay and Sell Sterling and Continental Exchange and
Cable Transfers. Negotiate Draw or Receive
for Collection Buis on Points in the
Orient. Issue i»ef tor** ot Credit
Branches at London Bom »a y. Calcutta. Sing apoke, Canton, Hong Kong. Manila Shanghai,
Kobe.
Yokohama, san Francisco. City or
Mexico. Washington, i>.C.. Panama. Colon.
.
NOTICE 18 HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
as follows:
At Call, 2Li Per
At 8 to 7 or 14
Cent Per Annum.
Days* Notice, 2 H P. C.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed periods upon terms to be
especially agreed upon.
Loans granted on approved negotiable securities.
PHI I.IP IIAKOLD WADE. Manager.
H. SCHERER So CO..
BANKERS.
Collection*, Foreign r xctmuge
ment Securities.
nud Invest¬
MEXICO.
jBanhs and
(Canadian Banks.
THE CANADIAN BANK
OF COMMERCE,
810.000,000
5,000,000
BANKERS
15 Wall Street,
OFFICE:
NEW YORK
PLACE.
lies. 10 AND 18 EXCHANGE
Wm. Gray and H. B. Walker, Agents
Issue
Members of the New York and
Boston Stock Exchanges. Beal
Commercial and Travelers’
Letters of Credit.
Investment Securities
& CO., Ltd.,
BABlNtt BROTHERS
Collections made at
ers
LONDON
every
Drafts ..and telegraphic transfers on
the Bank’s branch at COBALT, Ontario,
issued at lowest rates.
The Bank of
Established in
Incorporated by
ESTABROOK & CO.,
Paid-np Capital,
Reserve Fund,
15 State Street,
1840
Sterling
A 1,000,000
.
,
.
NEW YORK.
BROAD STREET,
44
Gracechurch Street. London. K. C.
New York Office: 52 Wall Street
H. M. J. McMICHAEL.l
W. T. OLIVER
Geo. A. F er nald &Co.
HEAD OFFICE:
BANKERS
Agents.
MONTREAL.
CAPITAL
Ilestand Undivided Profits
NE W YORK OFFICE: 63 and
W. M. Ramsay,
65 Wall St.
BANKERS
MEMBERS NEW
Agent.
promot collec¬
Exchange
Commercial and Trav¬
elers’ Credits, available in any part of the world.
London Agents— Royal Bank of Scotland.
Canada
Sovereign Bank of
71
Corporation Bonds
the
NEW YORK
BOSTON
67 MILK
36 WALL
STREET
STREET
BOSTON
YORK AND
INVESTMENT
SECURITIES
1 Nassau
19 Congress 8treet,
Boston
Street,
New York
Branches Through-
oot
NEW YORK
and other
STOCK EXCHANGES
Ontario,
British Co¬
118 branches In the Provinces of Quebec.
Manitoba. Saskatchewan, Alberta and
lumbia. Good facilities for enecting
tions in Canada.
Buy and seli Sterling
and Cable Transfers. Issue
The
Municipal, Railway
JACKSON & CURTIS
86.000,000
3,674,506
Exchange
members Bouton Stock
OOYERNMENT, MUNICIPAL AND
]
Buy and sell Sterling and Continental Exchange
CHOICE RAILROAD BONDS.
and Cable Transfers: Grant Commercial and
Travelers’ Credits available In any part of the
world.
Issue Drafts on and make Collections In
all parts of the United States and Canada.
Merchants’ Bank of Canada.
Philadelphia
Boston
INVESTMENT SECURITIES.
Head Office:
5
421 Chestnut 8t.
Congress St.
Boston.
460,000 Sterling
....
15
BANKERS,
1886.
Royal Charter in
on
New York
North America
British
Securities.
Nassau and Pine Streets
all points.
Banking: and Exchange business of
description transacted with Canada.
and
In¬
deposits.
in Government Bonds
other Investment
terest
allowed
for
Agents and Attorneys
Continental Ex¬
Commercial
Bay and Sell Sterling and
change and Cable Translers.
BANKERS
New York.
Foreign Exchange.
Buy and Sell
LONDON OFFICE:—60 LOMBARD STREET, E. CL
Bankers la Great Britain i
The bank or England,
The Bank of Scotland,
Lloyds bank Limited,
Union or London and Smith’s bank. Limited.
Travelers’ Credits.
Mackay & Co.
Baring & Co.
TORONTO.
HEAD OFFICE,
PAID-UP CAPITAL.
SURPLUS
and
7
THE CHRONICLE
June 8 1907. |
CO.
H. W. POOR &
INVESTMENT
SECURITIES
Dominion
AGENCY. ‘45 PINK
STREET
Foreign
S. D.
C. Sidney
Shepard,
J S|’eciaL
LORING & SON,
Anglo-Austrian Bank,
E. C.
LONDON: 31 Lombard 8t.,
VIENNA: I. Straucbgasse
S. D. Loring.
Homer Loring
BOSTON
33 Wall Street
33 Congress St
BANKERS,
64 Devonshire
Street,
.
.
Boston.
BRANCHES:
Aussig, Bodenbach, Brunn, Budapest
Constantinople (Coenea, Amar &Cie),
Pilsen, Prague, Teplitz, Tetschen,
Trautenau, Trieste
NEW YORK
Tucker, Anthony & Co.
BANKERS
INVESTMENT BONDS
k BROKERS,
53 STATE
STREET,
BOSTON.
Established 1863
members
Capital, Paid up.
K «0,000,000
.
Reserves,
12.000,000
.
Telegraphic Address:
Conjunctus, London
Angloba-tk,
Exchanges.
Rudolph Kleybolte& Co.
BANKERS.
Vienna
SIMON BORG & CO.,
DEALERS IN
The English Association of American
Bond & Share Holders. Ltd.,
8 GREAT WINCHESTER STREET, LONDON
Acts as Agent in England for American and
Canadian Railway and Industrial Companies.
Directors.
W. Smitherb. Chairman
Trustees and
Alfred
Lord Wklby, W.
T. P.
Likdley, T. Reynold a—London
Fowler—New York
The Association's Agents in America and Can¬
ada arc The Morton Trust Co. and the Bank of
Montreal.
THOMAS
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
27-29 PINE
STREET, NEW YORK.
Interest Paid on
H. AMY & CO..
Wennink,
BANKERS.
PARIS.
Foreign Conelnded on next gage
BANKERS,
Members of New
No. 20 Nassau
and 46 Wall St., New
Exchange,
New York.
•
Securities
GRISCOM.
BERTRON, STOflRS &
BANKERS,
York.
INVESTMENT SECURITIES.
Bills of
Street
High-Grade
BANKERS,
44
York Stock Exchange.
DailvandTime Deposits. Investment
LIKDLEY, Secretary
Jordaan Cohen &
Yerk Stock
Boston and New
Letters of Credit.
Land Title
Ruildln-,
PHILADELPHIA.
40 Wall Street,
NEW YORK.
INVESTMENT SECURITIES,
[VOL.
THE CHRONICLE
TI
glilladelpMa gautuers and brokers
CLARK & CO., Walter L. Ross &
Co.,
BANKERS,
Ijfpjuetgtt.
National Bank of Cuba
E. W.
Havana, Cardenas Cienfuegos
Matanzas Santiago,
Manzanillo, Sagua la Grande, Caibarlen, Guan¬
tanamo, Santa Clara, Pinar del Rio, Cama¬
Galiano Street,
guey,
Havana
Cuba.
GENERAL BALANCE SHEET DECEMBER 31 1906.
ASSETS.
PHILADELPHIA
321 Chestnut Street.
$4,135,064 83
548.169 59 $4,683,234 42
Bonds and Stocks Owned—
Government Bonds
$2,585,135 82
City of Havana Bonds
1.096.255 24
3.769,964 39
10.496.331 64
73.171 03
377 853 03
Other Bonds and Stocks..
88,003 33
Loans, Discounts. Time Bills, &c
Fixtures
Furniture and
Bank Building
Sundry Accounts
Total
BANKERS A BROKERS
Members Phil a. and New York Stock Exchanges
Intercit Allowed on Deposits.
flew York Correspondents:
Cash—
In Vaults
Banks and Bankers
j K^£i!^^^^2,BAiS^
Battles, Heye & Harrison j
112 Bo. 4th St. and 100-102 Girard Trust
Members of Phlla. A N. Y. Stock Exchanges.
Investment Securities
j. w. SPARKS A CO.,
BANKERS.
BANKERS AND BROKERS
74,044 63
DEALERS IN HIGH-GRADE UNLISTED
S19.474.629 14
AND INACTIVE LISTED BONDS
FOR INVESTMENT
PURPOSES
a
$5,000,000 00
500,000 00
Undivided Profits
13.710.893 92
Deposits
Total
Corner Chestnut and Third Sts.,
MEMBERS
[CHICAGO BOARD OF TRADE
able
Investment Securities
Broadway
NEW YORK
PHILADELPHIA
PHILADELPHIA STOCK EXCHANGE
NEW YORK STOCK EXCHANGE
,
Private
Wires, N.Y., Pittsburgh, Chicago
$19,474,629 14
Deduct $200,000 4%
a
52
131 South 6th"Street
263.735 22 $5,763,735 22
Bldg
PHILADELPHIA, PA.
LIABILITIES.
Capital
Surplus
LXXXIV
semi-annual dividend, pay¬
January 1. 1907.
United States Depositary in Cuba.
Depositary for the Funds of the Republic of Cuba.
Benj. C. Warnick & Co.,
JOHN H.McQUILLEN & CO.
Members Philadelphia Stock Exchange
BANKERS Sc BROKERS,
141 South 4th
Street,
•
Dealers In
Syracuse Rapid Transit
Philadelphia, Pa
Stocks and Bonds
HIGH-GRADE RAILROAD AND OTHER
Bank of
Acts
as
dent
of
CORPORATION BONDS AND STOCK.
Havana
Serul
PHILADELPHIA
Street,
W. G. Hopper,
H. 8. Hopper,
Members of Philadelphia Stock Exchange.
Cuban Correspon¬
American
104 8outh 4th
for our Circular.
Accountants.
Banks
Wm. G.
Hopper & Co.,
STOCK AND BOND BROKER8,
UNITED STATES DEPOSITARY
VAN
OSS
THE
& CO..
28 South Third Street,
Arthur Young
& Co,
$fitmucial.
Certified Public Accountants
HAGUE, HOLLAND.
Philadelphia*
Investments receive oar special attention. Infor¬
mation cheerfully furnished
regarding present
holdings or proposed investments.
(ILLINOIS)
Place American Investments in Eurooe.
New
Tel. Address, Voco.
Codes. Hart field’s Wall 8t., W. U. A Lieber.
York, 30 Pin
*
Street
Chicago, 1313 Monadnock Block
Kansas City, 701 New York Lite Bldg.
Pittsburgh, 1702 Farmeis* Bank Bldg.
A. B. Leach & Co.,
BANKERS,
NORTHCOTE,
149
DUDLEY & COMPANY
49 Wall
11
Street, New York,
Poultry Cbeapslde
London, E.C.
ROSS BROS A
MONTGOMERY
Chicago
FOREIGN FUNDS
Ftr Investment in the United States.
Certified Public Accountants
BANK
DEPOSITARY.
Capital and 8orpins, $2,600,000
OFFICERS:
Pbxd Voqxl Jiu. Pres.
Hbkrt Kloes, Cashier.
Wm. Bigelow. v.-Pres.
OscAaKA8TSN.Aat.Cash.
Fun. T. Goix, V.-Pres.
K. J. Hughes Ass’tCash.
A. W. BOOS. Aftl.f'aah.
W. C. HAAS, Mgr. foreign A Savings Dept.
C.'e.
W. M. Ladd
Ladd
BANKERS
-
•
-
OREGON
Ei-tabl-Hhed 1859
Transact
Savings
a
Wilkinson, Reckitt, Williams & Co.
CERTIFIED PUBLIC ACCOUNTANTS
-
52
-
-
gugiuccre
30 Broad Street New York.
Tel. 4058 Broad.
JAMES PARK & 00.,
CERTIFIED PUBLIC ACCOUNTANTS
32 Broadway* New York.
189 LaSalle Street, Chicago.
HOW,
CO~
ROSE &
56 Pine Street
NEW YORK
Telephone 4261 John.
EXAMINATIONS
Adrian H. Muller & Son
AND
RE PORTS
AUCTIONEERS.
BEAOLE & MAXWELL
GAS and ELECTRIC ENGINEERS
NEW YORK
82 Beaver Afreet
ERNEST ABS-HAGEN, C.E., M.E.
CON8UDTING EN<»INEER
1 BROADWAY
Regular Weekly Sales
Reports
Project*
on tullna Hpecin Ity
NEW YORK
St., New York.
Railroad, Street Ry., Gas & Elec. Light
William R. Compton:
Bond & Mortgage Co.
MACON, MISSOURI.
(Established In 1880)
MISSOURI MUNICIPAL BONDS—
School, City, County and Drainagey.
list gives a widejselection of
many attractive issues in^sizes of
Our
$2,000 to $100,000.
STOCKS and BONDS
EVERY WEDNESDAY.
OAcc
No.
66
WILLIAM
Corner Pine tttreet.
8TH ttltT
-
*. V‘
Opinion Chicago counsel, full^legal
papers furnished
!4
We buy direct and handle nothing
on brokerage
Close buying, large volume and small
profit make our offerings attractive
Send for latest circular jf•••vNew York, Chicago, St. Louis ^and
Kansas City references
WILLIAM R. COMPTON, President.
4 Warded
OF
Power Plants
beverage Hyt-t-ems,
7 Wall
M
LOOMIS, CONANT & 00.
CERTIFIED PUBLIC ACCOUNTANTS
Banking Business
Bank
Department
1 x a rut rm lion* and
A uicricau J ndustrial
PHILADELPHIA
HOOENPYL, WALBRIDGE & GO
New York
Certified Public Accountants
Water Supply,
St.,
SECURITIES.
General
Savings books ts-ued on Savings Deposits
Interest paid on Time Deposits
Broadway,
Special Depnrtment for Bank Examinations under
the management of a National Bank Examiner
of many years’ experience.
J. W. Ladd
LADD & TILTON
PORTLAND
Chestnut
Wall Street Exehango Building*
NEW YORK
NATIONAL
STATES
421
Land Title Building
PHILADELPHIA.
OF MILWAUKEE.
UNITED
CHICAGO
28 State St., BOSTON
(Pennsylvania)
^Vixxh jers
FIRST
140 Dearborn St.,
LYBRAND,
807 Monadnock Block
Broadway, NEW YORK
THE
Building
SOUTH.
Property and Investments of
every
Kind in all Southern States.
METROPOLITAN INVESTMENT CO.,
GEO. B
EDWARDS
President, Charleston. 8 C..
•
June 8 1907 i
outside Hew TJovlt.
bankers and Seoltets
MEADOWS. WILLIAMS &
lOUisVILLK. KY
Broker.
STOCK EXCHANGE
BUFFALO, N. Y.
INVESTMENT SECURITIES
Street
Securities
Investments
A
ROCHESTER. N. V.
WOOD
BONBRIGHT & HIBBARD
.'Members*
MEMBER
municipal and Corporation BondM
SECURITIES
AND
PITTSBURGH. PA.
BROKERS,
BOND HOUSE OF
H. P-
Steiner Brothers,
& CO.,
ESTABLISHED 1830
Birmingham.
Alabama.
•
•
YY
Investment Securities.
Investment
Citizen*
Securities
CLEVELAND, O.
Building.
Joseph
Si Sons,
T. Elliott
Members
American Nat
Bank Bldg.
INDIANAPOLIS
TRACTIONS AND
LOCAL. STOCKS AND BUNDS.
Fletcher Bank Building,
TE.t!f,
Telephone and Street
Securities.
NASHVILLE.
Indianapolis.
ot
CO..
HONDS
MOTTU
CO.,
Hugh MacRae 6c Co.,
stock exchange
Dealer* In Southern
curities ot Every
WILMINGTON, N. C„
AND
37 Flue St*.
MUNICIPAL AND
SOUTHERN SECURITIES.
PUBLIC
FRANCHISEC0KP0KAT10N
BUNDS
Bought
WILLIAM E. BUSH,
WASHINGTON, D. C.
SECURITIES,
nnd
E If
RICHMOND
Solti.
VIRGINIA.
Established
W
J. HAYES
CLEVELAND. OHIO.
& SON,
BOSTON, .HA-3.
KNEE SOI.K'ITUI).
Richardson 8c Clark.
ATLANTA, GA.
to Exchange
K1T1U8, \Iul*OTl.VI
New York,
Stock. Exchange,
Street, Providence,
K. 1.
•210 E.
Baltimore Street, Baltimore.
and. Miscellaneous Securities
a
handled. Exceptional
Local Securities. Private wire® to •aoiitties tor dea.hu < in all classes of Southern
Bonds. Loans on Collateral Securities negotiated.
Boston and Philadelphia.
Truusaot a
IO\8.
Established 1867.
BANKER8,
Investment
I Stocks and
SIX!
Wilson, Colston * Co.
Wilson, Colston 6c Co.,
Members of Baltimore
BANKERS,
DARWIN G. JONES,
fur¬
Kan-
BALTIMORE.
Sons.
Established lSU'J.
ATLANTA
l8bo.
solicited and iuforumtiou
nished »b*mt Southern State. Municipal and
road Investment Securities.
Reference—Bnuk ot New York N. B. A.
Correspondence
PROVIDENCE
GA.
Building
8c Co.,
Davenport
SA A N D B K O K E K 3,
II A N k
William Wilxuu *
('OK RES POND
Investment Se¬
Description.
408 Colorado
AUGUSTA, GA.
AUGUSTA,
BROKERS
BANKERS AND
IIUOKKK,
INVESTMENT
CO.
6c
BANKERS.
INVESTMENT
Oflicv. 40 Wall
New York
$200,000
NOKFOLIi, TA.
ST. BOSTON.
FOR
Sec. A Trees.
PAID-UP CAPITAL.
SOUTHERN.
COMPANY
MEMBERS boston
John W. Dickey,
President
BOSTON.
&
Pittsburgh. Pa.
L. J<. .H’I’lelland,
TENN
-
13 CONGRESS
AUGUSTA.
Municipal and Corporation
Securities Co.
Railway
THOS. PLATER &
ADAMS
Solicited
Correspondence
James 8. Kuhn,
ASHVILLE—r ENN.
NEWTON TODD
BONDS
(NO STOCKS)
STOCKS ANDIBONDS
Indianapolis Stock Exchange
Sell
INVESTMENT
LANDIS BANKING
N
Investment Securities
PITTSBURGH.
We Bay and
GOULDfNC MARR.
~
INDIANAPOLIS
Stock Exchange.
INVESTMENT SECURITIES.
NASHVILLE STREET RY. SECURITIES
CUMBERLAND TELEPHONE STOCK
XASlIVILtE,
Co.,
&
.1. I31aclt
Columbia Bank Bid**.
Dealer in
Hayden, Miller & Co.
-
Members Pittsburgh
NASHVILLE.
CLEVELAND
1917*18
H. C, Frick Coke Co. 5s,
BROKER*.
LOCAL STOCKS AND BONDS.
New York Office*
11 Wnll Str-et.
WISCONS N
-
PITTSBURGH
YNe will Buy
BANKERS AND
*
Taylor & Company
BONDS.
AND
STOCKS
MUNICIPAL
ATE
AND LOI AL
MILWAUKEE,
District.
Avenue,
*448 Fourth Avenue.
CO It PO It
CHAS. SCHLEY
specialty of all the Securities of
great Pittsburgh
240 Fourth
Birmingham, Alabama.
MILWAUKEE
EXCHANGE.
Co.
Otto Marx &
BANKERS
Anplication.
PITTSBURGH STOCK
We make *
the
BIR M IN G H A mTa L A.
Exchange.
BUILDING.
Members N. Y. Stock Exchange
ROBERT C. HALL,
INVESTMENT SECURITIES-
](Chicago
Rochester Stock Exchange.
Board ol Trade.
Daily Lists Mailed on
BOWEN,
&
LOUISVILLE, KY.
Building.
SPECIALISTS ROCHESTER
FRICK
Oldest Pittsburgh
NORTON & CO.. N. V.
BROKERS.
STOCK
Specialty.
Correspondents. EX.
York Stock
Whitney. Stephenson & Co.,
SECURITIES
RAILWAY
PA.
Established 187L
INVESTMENT BONDS.
STREET
PITTSBURGH
PITTSBURGH,
BROKERS.
BANKERS AND
Securities
Stocks.— BONDS.
New
SON.
AND
YORK
EXCHANGES
Wood and Diamond Sts.,
LOU.SVILLE, KY.,
Investment
t
CO
MlLL.hR
J. J. B. HILLIARD &
BUFFALO, N. Y.
100 Bowers
MEMBERS OF
NEW
PITTSBURGH STOCK
Louisville Mock Exchange
New York (orresnondent.
application
Bankers,
Specialty
Railway Issues a
Member
GEORGE R. TELLER,
Local
ROBINSON BROS.,
Banker and
Municipal and Corporation
Circulars upon
ESTABLISHED 18«3
DUNLAP,
L.
JOHN
CO.,
MEMBERS NEW VORK
Specialists in Local
PITTSBURGH
LOUISVILLE.
BUFFALO
Government,
m
THE CHRONICLE
general banking business.
Bonds,
specialty, and whole issues
[VOL LXXX1V,
THE CHRONICLE
TUI
.ankers and
probers outside Hew TJork.
WEIL, ROTH & CO.
Bartlett, Frazier
&
CINCINNATI
*-
ST. LOUIS.
CHICAGO.
CINCINNATI.
A.
Carrington,
BROAD
25
NEW
STREET
YORK.
CHICAGO.
WESTERN UNION BLDG.
Municipal and Corporation
&
SONS,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
DEALERS IN
EDWARDS
G.
STOCKS A NO BONDS,
410 and 412 Olive Street.
MEMBERS:
St. Louis.
NEW YORK STOCK EXCHANGE
CHICAGO STOCK EXCHANGE,
BONDS
CHICAGO BOARD OF TRADE.
PRIVA-rts,
1 Wall
St., NEW YORK.
W IRES.
New York Htoek Exchange.
W. E. HUTTON &
CO.,
INVESTMENT BANKERS
A. O.
Slaughter & Co.,
STOCK
Bonds and Stocks of Ohio
Companies.
CINCINNATI,
NEW
July 1. 1'JOo.
uated
Price
ISSUE
102
Due July 1,
MONROE
STREET,
DEALERS IN
Securities.
Investment
Chicago Board ot Trade,
Bonds
AND DEALER
CINCINNATI.
loul. 8toek Kxehanite.
Chicago Board ot Trade.
St. EouIh Merchant.! Exchange.
.
EDGAR FRIEDLANDER
BROKER
Chicago S*tock Exchange.
BROKERS,
New York Stock Exchange.
New York Cotton Exchange.
New York Coffee Exchange.
New York Produce Exchange.
Chicago Stock Exchange,
Members!
B*mey & Smith Car Co. 5% 1st Mtge.
•()
CHICAGO. ILL.
OHIO.
-
-
139
Member..
.
-
Becker & Co.,
A. G.
PAPER,
COMMERCIAL
DENVER. COL
214 N. 4th Street,
(INCORPORATED.)
OHIO.
-
FRANCIS, BRO.&CO.
S. W. Cor. Monroe & La Salle Sts.,
William E. Sweet & Co.,
Municipal and Corporation
Chicago.
ST. LOUIS.
Members New York Stock
Exchange,
Stock
Exchange,
Chicago Stock Exchange.
Louis
St.
CLEVELAND.
BONDS
EQUITABLE BUILDING
GROUND FLOOR
EMERY, ANDERSON & COMPANY
MUNICIPAL
SEATTLE. WASH
E.
JOHN
Banker dk
AND
PRICE.
SERVICE CORPORATION
PUBLIC
Broker,
BONDS
and. Corporation
Municipal
BONDS
STOCKS
Oarlield Building,
BANK
MORRIS BROTHERS
BONDS
COAST
INDUS1 RIAL TRUST CO
Municipal, School
Gas, Electric Lighting & Railway
KANSAS CITY, MO.
&
WEBB
INVESTMENT
CO.,
SECUKITIES.
H. P.
Wright Investment Co.
Established 1885
74 BROADWAY,
NEW YORK
BOMIS
Missouri and Kansas Securities
STANDARD AUDIT CO.
ANGELES, CA L.
COMPANY
43-49 Exchange PI.
Kansan
Certified Public
DAVIS,Secy. 5
ACCOUntantS
per ley morse
HENRYC
Pre*>
Telephone 2269-8*270 Broad
NET 4 TO 6
PER CENT
PASADENA
LOS ANGELES
j. stilson
INVESTMENT
MEMBER LOS
co.,
FIRST
SECURITIES,
ANGELES STOCK
NEW JERSEY.
.17
NEW JERSEY
15
'elepbone 751.
SECURITIES,
EXCHANCE PLACE
JERSEY CITY.
MORTGAGE COLD
BROKER
44
AND
46
WALL
ST.,
NEW
&
YORK
DICKEY CO.
MINNEAPOLIS,
MINN.
liOXDS
MUN1CITAL and CO It J’O RATION
GEO.
NEW TORI
OTTO JULIUS MERKEL
EDWIN R. CASE,
ESTABLISHED 18-<9
AND BROKBRS
WALL STREET,
Bond?
MINNEAPOLIS.
Gas Bonds
EXCHANGE
LOS ANGELES
J Local Bank Stocks
[ Kans.& Mo Mumetal
BAKER & VAUGHAN, WELLS
BANKERS
Yielding
dealers
,N
City. Mo.
Ry. & Light Securities
f K. 0.
BONDS
TO
Specialty
0RTHWEIN, McCRUM INVESTMENT
NEW YORK
CALIFORNIA MUNICIPAL,
SCHOOL AND CORPORATION
a
Monthly 011erinQ& tient on Request
41-43 Wall St.
STAATS CO.
«■
Municipal and Corporation
District and Corporation
Correspond with us
WM. R.
ST. LOUIS
Local Securities
BETTER RATE OF INTEREST
OF THE SAME MERIT ISSUED
IN THE EAST
LOS
PRIVATE WIRES TO
PRINCIPAL MARKETS
300 N. 4th ST.
Bonds and Stocks
Adams-Phillips Co.
CO.,
Investment Securities
BUILDING
SECURITIES A SPECIALTY
CALIFORNIA BONDS
&
Special Attention to St. Louis Securities
PROVIDENCE, R. I.
LOS ANGELES.
THEY PAY A
THAN BONDS
Cleveland
WHITAKER
MILLER Jr.
ALBERT P
PHILADELPHIA
Municipal and Corporation
PACIFIC
-
PROVIDENCE.
PORTLAND. ORE.
PORTLAND
Investment Securities.
Commercial
Paper
MINNEAPOLIS.
A.
LANE,
B
and Investments.
•
-
MINN.
Strassburger,
INVESTMENT SECURITIES.
Southern Investment Securities.
Correspondence Invited
MONTGOMERY, ALA.
IX
THE CHRONICLE
190T.j
June 8
3|cxu Ijjflrh jslock ^xebattfle Pottses.
T. A.
McIntyre & Co.,
71 BROADWAY
New York Stock Exchange,
New York Cotton Exchange
New Orleans Cotton Exchange
Direct wire connection
General Partners
Speoial Partner
Stocks, Bonds and Grain
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
MEMBERS
New York Stock
Exchange
Boston,
CORRESPONDENCE SOLICITED
Brandi Office*, 516 Fifth Avenue
Delmonlco’s and 305 Broadway
principal cities. Tel 5555 Broad.
CHICAGO, ILL.
Postal Telegraph Bldg
Railway Exchange Bldg.
Private wires to
2 East 44th
St., N. Y. C.
Buffalo, N. Y.
240 La Salle Street
25 Pine Street
NEW YORK
STOCKS, BONDS AND
MISCELLANEOUS SECURITIES
IN ALL MARKETS
BRANCH OFFICES
Waldorf-Astoria. N. Y. C.
Williamsport Pa
Flatiron Building, N.Y.C.
Wilkesbarre, Pa.
Chicago Board of Trade
Chicago Stock Exchange
New York Cotton Exchange
Chicago, and New Orleans.
CHICAGO
PRIVATE WIRES
Scranton, Pa.
St. Louis, Mo.
Syracuse, N. Y.
Schenectady, N. Y.
Troy, N. Y.
Cincinnati, O.
Cleveland, O
Dayton O.
Detroit, Mich.
Erie, Pa.
Atlantic City, N. J.
Utica, N.Y.
Montreal, Can.
Paterson, N. J.
West End. X. J.
Washington. D.C.
Robert H. Simpson
Btflscham Lawrence
EFFINGHAM LAWRENCE & CO.
Member* New York Stock
I
Telephones *1555-4*66-4857
PRIVATE WIRES TO
Members of New York and
Rector.
,
BANKERS AND BROKERS,
NO. 10 WALL STREET,
PRIVATE WIRES TO PRINCIPAL CITIES
Members N. Y. and Phila. Stock Exchanges.
Orders for Stocks and Bond* executed upon all
and Europe.
Especial attention given to supplying high
INVESTMENT SECURITIES
Exohanyes In this connirv
Interest Allowed on
I'hila. Sloe* Exchanges
100 BROADWAY, NEW
527 Chestnut St.,
YORK
Stanley D. MoOraw
Robert H. Alien.
William M. Vanoe.
ALLEN, MoGRAW & CO.,
NEWBURCER,
HENDERSON & LOEB
Members N.Y. and
N. Y. Stock Exchange.
Parkinson & Burr,
STOCK
CO.,
Banker*
57 BROADWAY
NEW YORK
-
-
7 WALL
STREET,
Bank and Trust Co. Stocks
53 STATE STREET
Information
given in regard to all Boston Seouritie,
and quotations furnished.
Thomas L. Mauson & Go.
Members New York Stock
Newport Office: Audrain Building.
A. M. KIDDER & CO.,
18 WALL (STREET, NEW YORK,
Established 1865.
MEMBERS OF NEW YORK 8TOCK EXCHANGE,
AUow interest on deposits subject to sight cheek.
Buy and sell on commission stocks and bonds, and
detain
CHARLES FEARON & 00.,
BANKERS,
on All Leading
8took Exchanges.
Orders Executed
Members •
aaemoers
.
Members N.Y. and
71
Exchange,
888 Chestnut St.,
hknby G.
Boston Stock Exchanges
Broadway,
Private Wires to
Wilson, Watson <& Herbert,
NEW YORK
-
Boston. Hartford, New
Haven and
Securities Bought and
mission.
Chas. Fairchild & Co.,
Howard
60
NEW YORK.
las. H.
a
WALL
STREET.
Lapsley & Co.,
Exchange Business.
Foreign and
INTEREST ALLOWED ON DEPOSITS,
Private Wires to Cincinnati and Chicago.
Accounts Invited
Domestic Business
INTEREST PAID ON TERM
INVESTMENT
Co.,
SECURITIES.
2 WALL STREET.
R. J. JACOBS
Members
N.
Y.
& CO.,
.
.
Margin
-
[. S. & R. D. FARLEE,
INVESTMENT
DEPOSITS
Campbell & Co.
25 Broad Street
-
NEW YORK
General Commission and
Investment Business in Curb Securities
INVRRTM KNT
BKCCK1TIKS
Stock Exchange.
Orders Executed for Cash or on
J. Stewart
Transact
41 NEW STREET.
-
a
HON n S
LOANS
BANK
.1. Gr. Zacliry
-
HANK l ltS, 10
AND TRUST
COMPANY
EXCHANGE.
BROKERS AND DEALERS IN
THOS. H. HUBBARD. President.
JAMES S. FKARON. Vice-President
JOHN HUBBARD.Vlce President.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT. Asst. Cashier.
N.Y. 8tock Kx.
R. B. Dodson.
BROKERS AND DEALERS IN
-
-
Transacting
Branch Office. 500 Fifth Ave.
Fahnestock &
New Yerk.
.
.
FLOYD W. MUNDY
J. NORRIS OLIPHaKT
(tookMembers New York St
Exchange.
J A8. H. OLIPHANT
ALFRED L. NORRIS
1,750,000
Facilities Afforded for
ACCOUNTS OF BANKS A BANKER8 SOLICITED.
T. J. Mumtord,
20 Broad Street,
MEMBERS NEW YORK STOCK
General Banking and Stock
Wm. Fahnestock. Memb.
Oliphant & Co.,
TXLXPHOWX NO.866 RlCTOR
$600,000
Capital and Surplus,
Individual and Commercial
BROAD STREET
BANKERS AND BROKERS,
N. Y.
Deposits,
15 BROAD STREET, N. Y.
Transact
29 WALL STREET AND 8
BRANCH OFFICES
THE INTERNATIONAL BANK,
Margin.
Sold on Oan*
Barclay Bldg., 299 Broadway
Hotel Empire. 63d Street and Broadway
ffitiauciaL
INTEREST ON BALANCES.
Bids.,
Campbell & Co.,
Klembers N. Y. Stock Exchange
Members N. Y. Stock Bxofcange,
Hanover Hank
Edwin p. Campbbll,
11 Wall Street, New Yerk.
Philadelphia
7 WALL STREET.
Orders Executed lor Cash or on
PHILADELPHIA
-
Campbkll,
H. G.
Tel. 3*00 Reefer
INVESTMENT SECURITIES.
\ New Y°rk 8tOCk BxohanK0
j Phllt4(le,phu Stook Exchange
MEMBERS NEW YORK STOCK EXCHANGE.
STOCK BROKERS
LADD & WOOD,
Exchange
of
BRANCH OFFICE, NIGHT& DA Y BANK,
527 FIFTH AVENUE.
BROKERS,
NEW YORK.
BOSTON.
Members of New York and Boston Stock Exchange'
Private wire between the two offioes.
Telephone 2240 Rector
326 Walnut St., Cincinnati
BROKERS,
GUARANTEED STOCKS.
Members
BONDS
P. J. GOODHART &
BANKERS AND
Transact a General Banking and Stock
Business. We make a specialty
RAILROAD B0ND8
24 Broad Street, New York.
Philadelphia.
STOCKS
CO.,
BUILDING, NEW YORK
BANKERS,
class
Deposits Subject to Check
HARRIMAN&
TRINITY
Investment Securities.
Miscellaneous Securities
in all Markets,
PRINCIPAL CITIE8.
JOHN H. DAVIS & CO
Chicago Stock Exchanges
Telephone 3070 Jeha.
CORNER WALL.
NASSAU STREET
NEW YORK.
No*. 34-36 WALL ST.,
Exchange,
CO.,
I. HUDSON Sc
C.
CO.,
BROAD STREET
Members of the New York Stock end Cotton
Exchanges, Chicago Board of Trade and
Cleveland Stock Exchange.
DEAL IN
30
.nara
^
Harris,WinthropA Co
MEMBERS:
&
A. O. BROWN
OHN F. HARRI8.
1
H. R. WINTHROP,
|
E. CUNNINGHAM.
I
woodward babcock
HUGH BLYTHE
geo. a. McClellan,
)
J. A. biplby,
T
STOCKS
& Co.
Wall St., New Yerk
SECURITIES
11 WALL STREET, NEW YORK
W. H.
Goadby & Co.,
BANKERS AND
NO.
74
BROKER8,
BROADWAY,
NEW YORK.
R. T. Wilson &
Co.,
HANKERS * COMMISSION MERCHANT!
39 Wall
Street New York.
EX. NORTON A
CO.,
Exebufe Place, New Yerk.
Kx-Kobtox, Mem. NY. Stoek Bx. Qae. F. Hoxve w
S3
INVESTMENT
SECURITIES
[VOL.
THE CHRONICLE.
X
©ttrrjcut
gontl gtnjttirtjes
Norfolk & Western Division First Lien and General 4s, 1944
850,000 (or
part)
CITY OF NEW YORK
Cincinnati Hamilton &
Dayton Refunding 4s, 1954
Chicago Peoria & St. Louis Prior Lien 4J^s, 1930
Marquette Consolidated 4s and Refunding 4s
Wilkesbarre & Eastern first 5s, 1942
Due November 1,
This Issue
Rio Grande Junction first 5s, 1939
Grand River Coal & Coke 6s, 1919
Southern Indiana first 4s, 1951
ber
sold by the City in
was
only
an average price of 106.23 and
a year ago the bonds were 97 bid.
G. W. Walker & Co.
BANKERS
DEALT IN BY
25 Bread 8t„
3945 Broad
J. USMAN & COMPANY,
Members N. Y. Stoek Exchange
BROAD
45 NEW STREET.
Members n«w York stock exchanox.
Land Title Sc Trust Co. Building, PHILADELPHIA
169 East Jackson Boulevard, CHICAGO
404 Connecticut Mutual Building, HARTFORD
the market
at
in
Short-
all
LIB BEY & STRUTHERS
Northern Pacific Prior Lien 4s
CO.,
Specialists in Uncnrrent Issues.
Tel* 5960-1-S Broad.
25 Broad St.
Penna Co.
3£s 1941. 1942, 1944
Central Pacific 34s
International Traction 4s
&
BORDEN
Equitable Building, New York.
Morgan’s La. & Tex. 6s and 7s
W. A.
Telephone, 0745 Broad.
Executors
and
Private Investors, yielding 4 % to 5 ^
Our Copyrighted
BONDS” with
WILLIAMSON,
Hartshome,Bogert&Battelle
Members New York Stock Exchagc.
26 Broad
a
STREET.
NEW YORK
OFFER
BOUGHT AND SOLD
SCHMIDT & CALLATIN
on
request.
West Shore 4s
Milwaukee & Northern 6s
New York & Jersey 5s
Terminal of St. Louis 4s
Cuban Government Internal 5s
Philadelphia Balto. & Wash. 4s
BECKER
&~STERLINC,
Tel. S8*-0ftS-887 Root or.
Cable Add. “Beckster”
TeL No. 3280 Hoot or
Exebange
111 BROADWAY
Cigar Notes 4s, 1911
Atlanta Knox. & Cincinnati 4s, 1955
Norf. & West., Div. 4s, 1944
Atlantic & Yadkin 4s, 1949
Lake Shore Deb. 4s, 1931
Washington Term. 3^s, 1915
Chicago 5s, 1953
Gulf &
COFFIN
&
COMPANY,
BONDS
Book “MATURING
useful book for Bond Buyers— sent
Steet, New York.
Telephone No. 6480-1-8 Broad
%
Comparative Tables—
Cable Address:
"
NBWROSH."
7s, 1914
Member* N. Y. .Stock
Bonds for Trustees,
arbitrage
European
Commercial Cable Co Bonds
Chicago & North Western Scrip
18 WALL ST
1.
Bonds, Stocks and Investment
American*
INVESTMENT BANKERS
w.
5% Bonds of 1944.
Telephone 6150.Jo
Lincoln & Company
Rights,
Securities and transact an
business with the principal
stock markets.
Investment Securities,
66 WILLIAM
Central Pacific 3^s
Atchison
Metropolitan u L.” 6s
Gulf & Ship Island 5s
Morris & Essex
Des Moines Union 5s
Belt Line Ry. of Montgomery 6s
Pere Marquette Cons. 4s
Detroit & Toledo Shore Line 4s
Helena Light & Ry. 5s
w. I,
Rights,
Hudson River Electric Power Co.
Morris & Essex Stock
PROCTER
1.
Southern Pacific
Deal in
New York
A. LISMAN &
Atchison Conv. 5s
Union Pacific Conv. 4s
Union Pacific Rights, w.
30 Broad Street
Time Bonds and Notes.
A
CO.,
44 «fc 46 BROADWAY, N. Y.
STREET, NEW YORK.
Quote accurately and trade
New York
NEWBORG &
SPECIALISTS IN STEAM RAILROAD SECURITIES
30
Novem¬
1902, at
Telephone '
F.
1952.
Price, 89 and interest, yielding 4.03%.
Rocky Mountain Coal & Iron 5s, 1951
AND ALL STEAM RAILROAD BONDS
any
Tax-exempt Registered 3%% Go/d Bonds
Atlanta Knoxville & Cincinnati Division 4s, 1955
Pere
LXXXIV.
C. C. C. & I.
34 Pine Street. New York.
Tel. 0100-1-9-3-4-5 JEoton.
6s, 1934
Chicago & Erie 5s, 1982
Rhoades
&
Den. Gas & Elec. Co. stock and bonds
American Light & Traction Co. stocks
Peoria Light Co. stocks and bonds
Evansville Lt.Co. com. and pref. stks
Company,
Members N. Y. Stock Exchange
7 Wall St., Corner New
Detroit City Gas Co. 5s
St. Joseph (Mo.) Gas Co. 1st 5s, 1937
TOBY & LAM ARCHE.
26 Broad St., New York
St.,
Lighting
and
NEW YORK.
Telephone 1135 Rector.
18 Wall St., New York
Traction Securities
A Specialty
Illinois Steel 5s
Kirby Timber Ctfs. 6s
Gainesville (Tex.) Water 5s
Duluth Edison Elec, stocks
Kirby Lumber stocks
Michigan State Tel.& Tel. 5s & stocks
BAKER, AYLINC & COMPANY
Dealer* In Unlisted Inactive Stock* an* Bond*
F.
W.
MASON
4
CO.,
5» State St.. BOSTON. MASS.
Investment Bonds
Land Till#
Building
PHILADELPHIA
50 Congress Street
BOSTON
Cine. Dayton & fronton 1st 5s, 1941
Cine. Hamilton
<%Dayton 5s, 1942
St. Paul Citv CablV^cons. 5s, 1937
Saranac & Lake Placid 1st 5s, 1913
Cuban Gov. Internal Gold 5s of 1905
M.
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
WOLFF,
Gable Add. "MOWOLP* 27 William St., NY
Pbenast 66B7-S558-8559 Bread
XI
THE CHRONICLE1
June 8 1907. \
©it went JSmitl
5629801—Cheonmstap. ke
inquiries.
Louisville & Nashville RR. Co.
Knoxville
Atlanta
Cold 4%
Chicago Rock Is. & Pac. Gen. 5s
Chic.Bur. & Q., Ill. Div. 1st
Cincinnati Division
&
Central Union Gas 1st 5s
Mortgage Bonds
DUE MAY 1,
IN
DEALT
Jersey 5s
Central R. R. of New
Standard Gas 1st 5s
1955.
New York &
^
Jersey 1st 5s
BY
GEORGE C. WHITE Jr.,
Pfaelzer &. Co.
NEW YORK
20 BROAD ST.,
BANKERS
2} BROAD STREET
SCOTT & STRINGFELLOW
Ashmore, Lutz & Hitchcock
Bankers & itrokern
of Ga. Income Bonds.
Telephones 2072-3-4 Broad
WANT.
Milwaukee (Jas Light Co. 4s, 1927
Florida Southern 1st 4s, 1945
Northern Central 4^s, 1925
Omaha Water Co. Prior Lien 5s, 1916
Sutton, Strother & Co.,
Northeastern
& Ohio
B. & O., C. & O. and N. & W
C. <fc O. and N. & W.
& Ohio Dividend
Telegraph Co. <>% Stock.
1906 Mauual of Northeastern Pennsylvania
Securities, Now Out, Mailed free on Kequest
MEGARGEL & CO.
for
conservative
TO
NET
BANKERS
selected
carefully
NASSAU
5
investment
494% to 554%.
SO Pine
PHILBRICK & HALL
Stock Exchange
New York*
Street,
Lack. Steel Co. stock and
MUNICIPAL
) 4%
RAILROAD
> to
BONDS
Selected
for
conservative
LISTS MAILED UPON
bonds.
Wyoming Valley 5s.
City of New York bonds.
All short-term RR. and Indust. Notes.
Amer. Axe & Tool Co. stocks
Omaha Water Company 5s
BONDS
Metropolitan Water Co. 4s
New England Brick Yards Co. 5s
Hudson River Elect. Power Co. 5s
AND
ALL
SECURITIES
ST, NEW YORK
Pittsburgh
Philadelphia,
Manitoba Cons. 6s, 1933
SPILLER & CO.,
W. E. Ft. SMITH &
-
*
lioston.
Chicago Indianap. & Louisv. 5s & 6s
Louisville New Albany & Chicago 6s
Westchester Lighting Co. 5s
New York & Jersey 5s
C. L. PARMELEE
Tel. 010-1
Bank Stocks
Lexington Ave. & Pavonia Ferry
Central Union Gas 1st 5s
stchester Lighting 5s
30 Broad St.
Rector.
Y.
N
5s
HIGH-GRADE BONDS
Jester & Co.,
PINE
NEW YORK.
STREET.
Connecticut Traction Bonds
5 WALL
Y. Htock Exchange.
York Olty
Tel. 4640
♦Iembers N.
John
ST.,
-
*
NEW YORK
HATCH,
of Rallr ads a»d other
Corporations In tbe United States and elsewhere
TeL 6320 Broad.
30 Broad 8t. Now York
S. C.
HENNING & CO.,
Louisville.
New York.
MEMBERS NEW YORK
8TOCK EXCHANGE.
New Orleans Ry. & Light Securities
Springfield Ry. A Light Securities
International Traction of Buffalo and
other Traction
Securities
Consolidated Gas Co. of New Jersey 5s
Green Bay Gas & Electric Co. 6s
E.I.duPont deNemour P. Co. pfd.db com .stocks
Am. Vulcanized-Fibre Co. pfd. & com. stocks.
Wilmington & Chester Collateral Trust 5s
GEO. P. BISSELL,
j&cav'ng Sc (&a.,
T Wall
Rosen, Stillman & Co.,
FREDERIC H
Dealer In Unlisted Securities
SAUNDERS & JONES
Georgia Midland 3s
Rochester <fc Pittsburgh 6s, 1922
Col. Springs & Cripple Creek D, con.
Y.
TELEPHONE 237 JOHN.
C.C.C. A St.L.,'Cin. Wab. A: M. Div. 4s
Texas & New Orleans, Sabine Div. 6s
Detroit United 4J^s
0 Pine Street. New
43 Exchange PI., N.
Tel. 2868-9 Broad.
‘27
5s
PATERSON & CO.,
Tel. 1986
Guaranteed Stocks
INQUIRIES INVITED
FERRIS & WHITE,
Y
N
New York.
-
Irust Company Stocks
Insurance Company Stocks
& CO.,
20 Broad St.
Rector
-
CO.,
Inactive Railroad Issues
High-Class Industrial Issues
St. Paul 5s, 1909
Ottumwa C.F. &
Specialists in Inactive Bonds,
*27 State Street
MARKETABLE
UNLISTED
20 Broad street
Palatka Water Co. 6s
H. C.
Co.,
BANKERS,
27 AND 29 PINE
Pennsylvania Securitise
investors.
APPLICATION
Barnum &
Washington,
Beetor
Specialties In
Northeastern
Lackawanna &
Lawrence
j
YORK.
FOR INVESTMENT
BONDS
CORPORATION ) 6%
Tel. 4301-2 Broad
ST.» NEW
Telephones
0% J’ref. Stock.
Brooklyn City Railway Stock.
Broad «*.. N. Y.
Securities
Correspondents: Edward B. Smith & Co
Members N Y and Phlla. Stock Exchanges
Our
Coney Island & Brooklyn Railway Co. RIG I ITS.
Milwaukee Elec. Railway & Light Co. .VslOL'O.
Members New York
Pennsylvania Investment
Bickmore & Co.,
A. H.
porations
No. 20 New St., N.Y.City.
City Railway & Light Co.
Detroit Edison Co. Stock.
HIGH GRADE BONDS
BONDS of Public Service Cor¬
LEONARD F. HEPBURN
North American
DEALERS IN
BANKERS
BALTIMORE. MD
Stock Exchange.
Members of the Baltimore
Trl
PA
SCRANTON
From time to time we make studies of railroad
and Industrial properties for the benefit of our
clients.
We will upon application send our circulars on
the following properties.
INVESTMENT SECURITIES
Tel 3786-3786 Rector.
BANKERS,
RICHMOND, VA.
New Yoru
Brunei
CO.,
&
BROOKS
Street
NEW YORK
BANKERS
Investment
Securities
t IN Mouth
Fourth Nt.
VICKERS
A
Philadelphia, Pu
PHELP8.
29 Wall St.,
New York
Lake Shore & Michigan Southern
Deb. 4% 1931
[VOL. LXXXIV.
THE CHRONICLE.
XII
financial.
financial.
OFFICE
OF
THIi
ATLANTIC MUTUAL INSURANCE COMPANY.
New
on
on
Marine Risks from 1st January, 1900, to 31st
Policies not marked olf 1st January, 1906
December, 1906.
$350,457 98
126,501 85
$481,959 83
Rent, less Taxes and Expenses.
Losses paid during the year which were estimated
and previous years
Losses occurred, estimated and paid In 1900
$3,081,714 32
-
-
$1,500,000
GRANGER FARWELL, President
DOUGLAS SMITH,
VitJe-Presideut
ALBERT G. LESTER,
Vice-President
JOHN BARRY SEARS, Treasurer
In 1905
$309,817 14
1,009,224 32 $1,319,041 46
Less Salvages
Re-Insurances
JOHN J. BRYANT JR.,
Secretary
$107,170 57
.
257,367 31
150,190 74
LOANS
$1,061,674 15
ON
Expenses, Including officers’ salaries and clerks’ compensation, sta¬
tionery, newspapers, advertisements, etc
$344,098 27
The Company has the following Assets, viz.:
United States and State of New York Stock, City, Hank and other Securities
Special deposits in Ranks and Trust Companies
Real Estate corner Wall and William Sts., and Exchange Place
$4,299,000 00
Other Real Estate and claims due the Company
75,000 00
Premium notes and Bills Receivable
Cash In
hands of European Bankers to pay
countries
Cash In bank
.
-
-
COLLATERAL.
BONDS.
$62,411 11
Returns of Premiums
SECURITIES.
INVESTMENT
$5,697,108 00
700,966 67
4,374,000 00
1,191,974 88
losses under policies payable In foreign
271,142 54
562,631 63
$1 2.797.823 72
Aggregating
A dividend of Six per cent Interest on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and after Tuesday the Fifth of February next.
The outstanding certificates of the Issue of 1901 will be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday the fifth of February next, from which date
all Interest thereon will cease.
The certificates to be produced at the time of payment, and canceled
A dividend of Forty per cent Is declared on the net earned premiums of the Company for the
year
CAPITAL
$3,772,433 65
-
Premiums marked off from 1st January, 1906, to 31st
Interest received during the yt-ir
Street,
CHICAGO.
$3,190,241 07
582,191 98
December, 1906
COMPANY,
226 La Salle
York, January 22d, 1907.
Total Marine Premiums
after
TRUST
the Charter of the Company, submit the following statement of its affairs
on the 31sf of December, 1996.
*
The Trustees, in conformity with
Premiums
Premiums
FARWELL
ending 31st December, 1906, for which, upon application, certificates will be issued on and
Tuesday the seventh of May next.
By order of the Board,
Q. STANTON FLOYD-JONES. Secretary.
F.H. PRINCE &
CO.,
BANKERS.
BOSTON, MASS.
High- Grade
Investments.
TRUSTEES.
GUSTAV AMSTNCK.
FRANCIS M. BACON,
JOHN N. BEACH,
WILLIAM B. BOULTON,
VERNON H. BROWN.
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C. CLARK,
CLEVELAND IT. DODGE.
CORNELIUS ELDERT,
RICHARD II. EWART,
HERBERT L. GRIGGS.
W. IT. H. MOORE,
CLEMENT A. GRISCOM,
ANSON W. HARD.
MORRIS K. JESUP.
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERTCH,
LEANDER N. LOVELL.
GEORGE H. MACY.
NICHOLAS F. PALMER,
HENRY PARISH,
DALLAS B. PRATT,
GEORGE W. QTTINTARD,
A. A. RAVEN.
JOHN L. RIKER.
DOUGLAS ROBINSON,
GUSTAV H. .SCHWAB,
WILLIAM A. STREET.
CHARLES H. MARSHALL,
Members of New York and Boston
Stock Exchanges
A. A. RAVEN, President.
CORNELIUS ELDERT. Vice-President.
JAMES L. LTVTNGSTON. 2d Vice-President.
SANFORD E. COBB, 3d Vice-President.
CHARLES E. FAY. 4th Vice-President.
F VERSZiCr'COMPANY
ii—miim—>wtDmmmM—*
C
lllC
#*£
U1
-
Official figures from the Inter-State ComCommission Report afford convincing
f/>fiT
Jalviy
proof that the prevailing want of confidence
XKfpW
CpT
YY Cll kJvlCvlCU
l?2fl1T!2n
AVAill
*n Railroad obligations is without foundation.
Special analysis of standard railroads reveals
the fact that two-thirds of the present market
220 LA SALLE ST.
37 PINE ST.
CHICAGO
NEWYORK
RAILROAD BONDS
value of the properties could he erased before
DUUUo
the bonds least well secured would he
impaired.
In view of the recent unprecedented decline In railroad stocks, this showing Is truly remark¬
able.
Special circular upon this point, combined with attractive offerings, upon application.
WRITE FOR CIRCULAR NO. 50
Guaranty Trust Company
OF NEW YORK
CHARTERED 1864
gapitd
surplus
BANKERS
merce
_
_
,
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
28 Nassau Street, New York
oi5Uv»0'JU
SEND FOR CIRCULARS.
PEABODY, HOUGHTELING & CO.
181 La Salle Street,
CHICAGO.
Jones, Caesar, Dickinson, Wilmot & Co.
Certified
Public
NEW
Accountants, (III.)
Em
am ismcii
Bishop, Laimbeer & Co.
Members New York Stock Exchange.
Mills
YORK
Building,
-
15 Broad St.
54 WILLIAM STREET
CHICAGO
Tribune
BW*
SEATTLE
307
3T. LOUIS
Stock Exchange Bldg.
MEXICO, D. F.
SAN
FRANCISCO
Monadnock Bldg.
LONDON
[ENGLAND]
Spier Block
Apartado, 1403
3 Fredericks
Place, E. C.
PITTSBURGH
Atlantic Mutual Insurance Company Scrip
of All Years Bought and Sold.
People’s Bldg.
MELBOURNE
[AUSTRALIA!
9 Queen Street
JOHN M. GILLESPIE,
Room No. 518 Atlantic Building,
49-51 Wall Street,
NEW YORK.
June 8
1907.]
THE CHRONICLE
fftuawctal
xm
financial
PLAN FOB THE ACQUISITION OF
Union Pacific Railroad
Shares of the Common
Company.
Special Meeting of Stockholders.
First
Mortgage Five Per Cent Bonds
120 Broadway. New York, May 0, 1907.
THE
TO
STOCKHOLDERS OF
THE
UNION
PACIFIC RAILROAD CO.:
Notice Is hereby given that a special meeting of
the stockholders of Union Pacific RR. Company
has been called
by the Board of Directors to con¬
at the office of the Company at Salt Lake
vene
Capital Stock
AND
City. In the State of Utah, on the 15th day of
June, 1907, at 12 o’clock M., for the purpose of
considering and acting upon an amendment of the
Articles of Incorporation of said Company, recom¬
mended by the Board of Directors, Increasing Its
capital stock by the amount of $100,000.000, and of authorizing the Issue and use of
such additional stock and of taking all suitable
common
OF THE
Havana Central
RR.
Company
The undersigned hereby gives notice that there have been deposited under the
Proposal, up to the date hereof, Bonds and Common stock of the Havana Central
Railroad Company in excess of the amounts required to make the Proposal operative
In order, however, to give a final opportunity to holders who have not deposited
their Bonds and Stock, the time for making such deposit has been extended until
the 20TH JUNE instant.
May 31st, 1907.
J. HENRY SCHRODER & CO.
action In the premises.
The books for the transfer of the stock (both
preferred and common) will be closed for the pur¬
pose of the meeting at 3 o’clock P. M.. on the
29th day of May. 1907, and will be reopened ac
10 o’clock A. M. on the 17th day of June, 1907.
By order of the Board of Directors.
Referring to the above Notice, the undersigned,
on
behalf of Messrs. J. Henry
deposit the securities
Schroder & Co., London, are now prepared to receive on
therein called for until 3 P. M., June 20th, 1907.
New
York, June 4th, 1907.
SPEYER & CO.
ALEX. MILLAR, Secretary.
TO STOCKHOLDERS OF
R. M. GRANT & CO
31 NA9SAU ST., NEW
We
will
Purchase
YORK
Finance
or
GAS PROPER B IES
gngtuerrs.
The
Chicago West Division Railway Company,
the North Chicago City Railway
Compa-iy, the
West Chicago Street Railroad Company, the
North Chicago Street Railroad Company and
the Chicago Union Traction Company
You
H.
M.
Brinckerhoff,
Formerly Genera) Manat-er and Electrical
Engineer the Metropolitan West Side Ele¬
vated UK., Chicago,
ASSOCIATED
WITH
Wm. Barclay
Parsons,
Consulting Engineers
80 WALL
ST.,
NEW YORK
Examinations, Design, Construction and
Operation
herebjr invited to deposit with the undersigned at the office of
Department, 2nd Floor, No. 100 Washington Street, stock in either of
the above-named Companies, to be held and disposed of by said Trustee in accord¬
ance with the terms of an ordinance passed by the City Council of the
City of
Chicago on the 11th day of February, A. D. 1907, of an agreement of deposit
between said Trustee, the Chicago Railways Company and depositors of stock,
bearing date the 27th day of May, 1907, and the plan of reorganization and re¬
adjustment for which provision is made in said ordinance and said agreement.
Printed copies of said deposit agreement may be obtained at the office of the
are
its Trust
trustee.
Chicago, May 27th, 1907.
CHICAGO TITLE & TRUST
ELECTRICAL PROPERTIES
COMPANY,
Trustee.
Unsatisfactory Operation Investigated.
By Harrison B.
Piley
President.
H.M. Byllesby
& Co.,
INCORPORATED
ENGINEERS,
DESIQN,
CONSTRUCT AND
RAILWAY
OPERATE
HYDRAULIC AND
Reports.
Trust Building.,
HOCKING VALLEY RAILWAY CO. FRANCKE THOMPSON & ROBB
Members N. Y. Stock Exchange
Kanawha & Michigan Railway Co.
43 Exchange Place
Referring to the plan for the consolidation o*
Railway Company and the
Kanawha & Michigan Railway Co., at the re¬
quest of the holders of Important Interests In
these companies the time for deposit of the stocks
of said companies under said plan has been further
extended to and Including October 1, 1907.
J. P. MORGAN & CO.
CHICAGO
New
J. Q. WHITE
&
CO.
Enqinaars, Contractors,
43-49
Exchange Place.
•
NEW YORK
Investigations and Reports on Electric
Kali way, (<oa, El-nrlc Light, and
Power Transmission Properties
for Financial Institutions
Te ephone 1849 Broad
BRANCH OFI-FE
Bristol
New Orleans
Real Estate,
Securities
£13 CAMP ST.,
-
Mortgage &
Company
Electric Railways, Electric Light and Electrit
Power Plants Financed, Designed and Bnilt.
London Correspondent:
J. G. WHITE Sc CO., Limited,
• Cloak Lane, Cannon St., £. C.
Correspondents:
CANADIAN WHITE CO., Limited,
Montreal.
Principal Philippine OtBce. Dlsslla, P. I,
Building, 5 h Are. and 424 St.
Telephone 1558 Bryant
Beaver National
York, June 1, 1907.
Bank,
Beaver and Pearl Streets
New York City
GEORGE M. COFFIN. President
Vice-Presidents
JOHN B. JONES
•
T. P. WELSH
J. V- LOUGHLIN. Cashier
Accounts
of
and
Merchant*,
individuals
Bank* solicited
NEW ORLEANS, LA.
PRIMROSE A
and Investors.
Canadian
Securities
A SPECIALTY
The Hocking Valley
OAS PLANTS.
American
Cuban
CONSOLIDATION,
OF THE
AND THE
LIQHT, POWER,
Examinations and
PLAN FOR THE
CAPITAL PAID
IN, $600,000
Dealers In
Southern Municipal Securities
and Real Estate Loans
New
BRAUN,
Yarftt
City Bank, Trust
Fire Insurance Stocks
43 Kxchanffe Place
-
NSW YOtLK
MAX B. BORG & CO.
Miscsili—n Beads
and
Ottrb
Seeturitlss
A SPECIALTY.
The South to-day presents the premise of
the greatest industrial advancement
ana
M BROAD ST.
MW YOML.
9806 REOTQA.
THE KANSAS CITY
SOUTHERN RAILWAY CO
25 Broafl St., Now York, April 3, 11)07.
The Board of Directors this day declared - a
dividend of 4 % on the Preferred Stock of the
company from the net earnings for the year end¬
ing June 30, 11)07, payable on July 1, 1907, to
stockholders of record at 3 o’clock p. m. June 10
1907.
The Stock Transfer books of the Compa’ny will
be closed at 3 o’clock p. m. June 10, 1907, and
will be reopened at 10 o’clock a. m. July 2, 1907.
Checks for the dividend will be mailed to
stockholders.
R.
DETROIT
SPERRY,
B.
MACKINAC
&
Secretary.
CO.
RAILWAY
40 Wall Street, New York City, May 27, 1907.
A dividend of TWO AND ONE-HALF PER
CENT (2
has this day been declared on
the Preferred Capital Stock of this Company,
payable July 1st, 1907, at the office of
Henry
K. McHarg, 40 Wall Street. New York, to stock¬
holders of record at the close of the business on
June 15th. 1907.
The Preferred Stock Transfer
Books will close June 15th, 1907, and will re¬
open July 2nd, 1907.
C. B. COLEBROOK, Treasurer.
CHICAGO GREAT WESTERN RAILWAY CO.
The 30th semi-annual payment of $2 per share
Interest on the 4 %
Debenture Stock of the
Chicago Great Western Railway Company will
be made, according to the contract pertaining to
said stock, on the 15th day of July, 1907, to the
holders of record on the last day of June, 1907.
The transfer books of the 4 % Debenture Stock
■will be closed from the dose of business June 15,
1907, to the 2d day of July, 1907.
Checks will be mailed to stockholders.
By order of the Board of Directors,
i
R. C. WIGHT, Secretary.
St. Paul, Minn., Tune 3, 1907.
•
INTERBOROUGH RAPID TRANSIT CO.
NOTICE
OF
PAYMENT OF DIVIDEND.
A quarterly dividend of 2H% upon all the
•capital stock of this Company has been declared
payable Monday, July 1st, 1907, to stockholders
of record at the dose of business on Monday,
Waterbury Gomcany
Co. (of New
The directors of the Waterbury
Jersey) have declared the regular quarterly divi¬
dend of TWO PER CENT on the preferred stock
and a quarterly dividend of TWO AND ONEHALF PER CENT on the common stock, pay¬
able July 1st, 1907, to stockholders of record at
the close of business June 20th. 1907.
Transfer
books will close June 20th, 1907, and reopen
July 1st, 1907.
this company, payable July 1st, 1907, to stock¬
holders of record at the close of business June
20th, 1907.
Transfer books will close June 20th,
1907, and reopen July 1st. 1907.
FRANK MORGAN, Secretary.
*v
AMERICAN
COMMON
1907.
H.
1907.
June 5th,
OFFICE
c
FISHER, Secretary.
M.
OF
THE
PORTLAND
RAILWAY,
LIGHT & POWER CO.,
Portland. Oregon.
K The Board of Directors has declared the regular
quarterly dividend uf ONE AND ONE-QUARTER PER CENT on the Preferred Stock, pay¬
able July 1st, 1907, to stockholders of record at
the close of business June 15th, 1907.
C. N. HUGGINS, Secretary.
THE DENVER & RIO GRANDE RAILROAD CO.
195 Broadway, New York City, June 6th. 1907.
The Board of Directors has this day declared
a
semi-annual dividend of TWO AND ONEHALF PER CENT on the Preferred Stock of this
Company,
payable July 15th, 1907, to
stock¬
holders of record on June 26th, 1907.
The transfer books of the Preferred Stock will
close at 3 o’clock p. m. on June 26th, 1907, and
will reopen on the morning of July 16th, 1907.
LITTLE, Secretary.
STEPHEN
CHICAGO
INDIANAPOLIS
RAILWAY CO.
&
LOUISVILLE
No. 80 Broadway, New York. June 6th, 1907.
A dividend of ONE AND ONE-HALF PER
CENT (l l<. %) on the common stock
and a
TWO PER CENT (2%)
semi-annual dividend of
been
the preferred stock of this Company has
declared out of the surplus net earnings of
on
the
Company, both payable June 2Sth, 1907, at the
office of Messrs. J. P. Morgan & Co., 23 Wall
Street, New York, to stockholders of record at
the close of business June 12th, 1907.
The transfer books, both common and pre¬
ferred, will be closed from June 12th, 1907. at
3 o’clock p. m. until June 29th, 1907, at 10 o’clock
m’
J.
HTL.TON, Secretary.
A.
THE HOCKING VALLEY RAILWAY CO. .
Columbus. Ohio, June 6th, 1907.
The Board of Directors has tills day declared
dividend of TWO PER CENT
a semi-annual
(2 %) on the preferred capital stock and a semi¬
annual dividend of TWO PER CENT (2%) on
the common capital stock of this Company, pay¬
at the office
able on ami after July 15th. 1907
or Messrs. J. P. Morgan & Company, New York
•City, to stockholders of record upon the books of
the Company at the close of business June 22d,
1907, at which time the transfer books will be
closed.
The books will be reopened July 16th,
1907.
N.
WM.
stock.
of ONE AND ONE•QITARTER PER CENT (1
%) upon the pre¬
A
quarterly
dividend
COMPANY.
1907.
DIVIDEND
19.
of Directors held
quarterly dividend
Stock of the Com¬
1907, at the office of the Guaranty Trust
re-open on
Tuesday, July 2
1907.
D. A. BIXBY, Secretary.
S. S. DELANO, Treasurer.
AMERICAN CAN COMPANY.
quarterly dividend of ONE AND ONEOUARTKR PER CENT (1 H %) has been de¬
clared upon the Preferred Stock of this Company,
payable on July 1st, 1907, to stockholders of
record at the close of business June 17th, 1907.
The transfer books will be closed, as to the
preferred stock, from June 18th, 1907, to July
A
1907,
1st,
both
Checks will
Inclusive.
be mailed.
R. H.
ISMON, Secretary.
Dated New York, June 3rd, 1907.
INTERNATIONAL PAPER COMPANY.
The regular quarterly dividend of ONE AND
ONE-HALF PER CENT on the Preferred Stock
has been declared, payable July 1st, 1907, to
stockholders of record at the close of business
June
15th,
1907.
Transfer books will close
June 15th, 1907, and reopen July 1st, 1907.
Checks mailed.
E. W. HYDE, Secretary.
J. G. WHITE & COMPANY. INC.
43-49 Exchange Place. New York City.
A quarterly dividend
(seventeenth
of ONE AND ONE-HALF PER CENT
on the Preferred Stock of the Company,
quarter)
(1 M %)
payable
July 1, 1907, to stockholders of record May 31,
1907. has been declared by the Board of Direc¬
tors.
1907,
AMERICAN
CAR
&
FOUNDRY COMPANY.
St. Louis, Mo. June 3. 1907.
PREFERRED CAPITAL STOCK DIVIDEND
NO.
33.
Board of Directors held
%
that .a dividend of 1
he* Preferred Capital stock of the Company
be declared and paid on Monday, July 1, 1907,
at the ofllce of the Guaranty Trust Company of
New Yoik, No. 28 Nassau Street, New York
City, to stockholders of record at the close of
business on Thursday, June 6th, 1907.
Transfer
books will close Thursday, June 6. 1907, and
re op n on Tuesday, July 2.
1907.
At a meeting of the
this day. it was resolved
on
t
i'. A. B1 XRY
Secretary.
S. S. DELANO. Tieasure-.IB
RIDGELY,
for the purpose
Kany
available
has determined
to devoteto such
sum as may
by
the purchase
e
Company of Its preferred stock at the lowest
price offered, as provided In the by-laws; such
the
stock to be retired and canceled
Holders of the Company’s preferred
GENERAL CHEMICAL COMPANY.
25 Broad Street. New York. May 31, 1907.
The regular quarterly dividend of ONE AND
ONE-HALF PER CENT (1 H %) will he paid
1st.
1907,
to
preferred
stockholders
man fed.
WANTED—By prominent New York
Banking and Bond house, members New
York Stock Exchange, bond salesman
for New York City.
Applications con¬
sidered
JAS.
L.
MORGAN, Treasurer.
AMERICAN TELEPHONE & TELEGR APH CO.
A dividend of TWO DOLLARS ($2) per share
will be-paid on Monday, July 15, 1907, to stock¬
holders of record at the close of business on
Saturday, June 15, 1907.
The transfer books will be closed from June 17
to June 29, 1907
both days included.
WM.
DRIVER, Treasurer.
R.
AMERICAN GRAPHOPHONE COMPANY.
A quarterly dividend (No. 38) of ONE AND
ONE-QUARTER PER CENT (1 H %) on the
Common Capital Stock of the American Graphophone Co. will be paid on June 15, 1907, to stock¬
holders of record June 1, 1907.
By order of the
Directors.
EDWARD
The New York
D.
EASTON, President.
County National Bank
the
Notional Bank:
Notice Is hereby
given that a meeting of the
Stockholders of The New York County National
Bank of New York will be held at the Banking
the Capital Stock
hundred thousand dollars
crease
two
(2,000)
purpose
of the Bank from Two
($200,000'), divided Into
thousand shares pf the par value
of
the Board of Directors of the Bank be
authorized to declare a Special Equalizing Divi¬
dend of Three hundred thousand dollars ($300,000). to be paid from the. Surplus Fund of the
such dividend to be used
for the additional shares to be Issued.
Respectfully,
JAMES C. BROWER, Cashier.
Bank, the proceeds of
In payment
Misstnrl Birer * Northwestern K’j Co.
holders of First Mortgage bonds of this
Company are requested to communicate with the
committee that has been formed for their pro¬
tection: address. D. P. Ayars, Secretary of the
All
Committee, Wilkes-Barre* Pa.
“Bond House,”
Chronicle, P. 0. Box 958, N. Y.
WANTED—By a Bond Salesman of
years’ successful experience, the
Philadelphia and Pennsylvania Agency
for a large, well-established Bond and
Banking House in New York. Val¬
uable acquaintance; highest references
given. Address B. A., care Chronicle,
P. O. Box 958, N. Y.
18
WANTED.
Incorporated Steam Railroad Company
composed of Practical Railroad Men who are now
actually building a line of Railroad that will open
up thousands of acres of Cokeing Coal. Iron Ore
and Virgin Timbered Lands in Kentucky and
Tennessee desire to correspond with reliable
Bankers. Bond Houses. Brokers and Individuals
who can place their Bonds by furnishing money
on same as the work ©'construction progresses.
Control of the Stock to go with the Bonds.
Address “Compan y.” care Commercial and Finan¬
cial Chronicle. P. 0, Box 958, N. Y.
An
WANTED.
Party now building Coal carrying line of Steam
Railroad in Central States desires to associate a
gentleman having some Capital with him to
handle Financial end of
Excellent
business.
opportunity with large profits to right party.
Address “Railroad,’' care Commercial and Finan¬
cial Chronicle, P. O. Box 958, N. Y.
A
of New York.
New York, May 18, 1907.
Stockholders of The New
York County
To
confidential.
of
record at 3 p. m. June 21st, 1907.
Preferred
stock transfer books will be closed from June 21st
July.2d, 1907.
stock are
requested to submit tenders to Harry L. Falk,
President, The Decatur Land Company, 56 Bea¬
ver Street, New York City.
,Forms will be fur¬
nished on application to the Secretary, L. P.
Troup, New Decatur, Alabama.
Tenders will all be opened at the same time,
viz., at 3 p.m., July 5 1907.
Respect fully yours,
HARRY L. FALK, President.
56 Beaver Street. New York City, May 31, 19o7
AMERICAN BEET SUGAR COMPANY.
PREFERRED STOCK
DIVIDEND NO. 32.
A regular quarterly dividend (No. 32) of ONE
AND ONE-HALF PER CENT (1U%) on the
Preferred Stock of this Company, has been de¬
clared, payable on July 1st. 1907, to stockholders
of record at the close of business June 22d, 1907.
Checks will be mailed.
J. E. TUCKER, Treasurer.
July
COMPANY:
DECATUR LAND
THE
care
to
B.
To the Holders of the Preferred Stock of
GEO. W. BUNNELL. Treasurer.
One hundred dollars ($100) each, to Five hundred
thousand dollars ($500,000), divided Into Five
thousand (5.000) shares of the par value of One
hundred dollars ($100) each, and that for such
June 6,
WM.
Comptroller of the Currency.
'
1907.
FISHER, Secretary.
In the City of New York, in the County
has complied
with all the provisions of the Statutes of the
United States required to be complied with before
an association shall be authorized to commence
the business of banking:
Now, therefore, I, William B. Rldgely, Comp¬
troller of the Currency, do hereby certify that
“THE BEAVER NATIONAL BANK OF NEW
YORK,” in the City of New York. In the County
of New York and State of New York, is authorized
to commence the business of Banking as provided
In Section Fifty-one Hundred and Sixty-nine of
the Revised Statutes of the United States.
In testimony whereof witness my hand
(SEAL.)
and Seal of office this Sixth day of
April, 1907.
YORK,’
In accordance with the provisions of Its charter,
the Board of Directors of the Decatur Land Cora-.
House, No. 79 Eighth Avenue. Borough of Man¬
hattan, City of New York, on Tuesday, the 18th
day of June, 1907, between the hours of 10 and 11
o clock a. in., to vote upon a proposition to In¬
M.
Office of Comptroller of the Currency
Washington, D. C., April 0, 1907.
Whereas, by satisfactory evidence presented to
the undersigned. It has been made to appear that
“THE BEAVER NATIONAL BANK OF NEW
Com¬
pany of New York, No. 28 Nassau Street, New
York City, to stockholders of record at the close
of business on Thursday, June 6, 1907. .Transfer
books will close Thursday. June 6, 1907, and
ferred stock of this Company has been declared,
payable July 1. 1907, to stockholders of record
at the close of business on Monday, June 10. 1907.
For the purpose of such dividend the transfer
books will close at 3 p. m. on Monday, June 10,
1907, and reopen at 10 o’clock on Monday, July 1,
H.
TREASURY DEPARTMENT,
be declared and paid on Monday, July 1,
pany
COTT. Treasurer.
IN T E R B O R O U G H - MI: T R O P O LIT A N CO M P A N Y
Notice of payment of dividend on the preferred
STOCK
CAPITAL
At a meeting of the Board
this day. It was resolved that a
of 1 % on the Common Capital
of such dividend the transfer
books will dose at 3 p. m. on Monday, June 17th,
1907, and re-open at 10 o clock on Monday,
1st,
FOUNDRY
&
New York, June 3rd,
NO.
For the purpose
July
CAR
CHARTER NUMBER 8634.
of New York and State of New York,
The directors of the Waterbury Co. (of West
Virginia) have declared the regular quarterly
dividend of ONE PER CENT on the stock of
1907.
17th,
MORGAN, Secretary.
FRANK
LXXXIV
pallets
gtwtdjcMs
JJitritleuds.
June
[VOL.
THE CHRONICLE
xiy
prominent institution has opening for young
thoroughly familiar with securities: also
experienced bookkeeper.
Unquestionable ref¬
erences required.
Address Opportunity, care
Commercial and Financial Chronicle. P. O. Box
958, New York.
man
3*0 gcasc
TO
The
large
LEASB
and commodious offices on the
First Floor of 56 Wall Street
extending through Do Pine Street, with
tiosement on Pine Street
Apply to WM. O. PLATT. 56
vault and
Wall St., R 40.
Edwin L. Lobdell & Co.,
BANKERS AND
BROKERS,
Rotunda, Rookery Bldg., Chicago.
80 Broadway, New York.
( Ne^ York -Jtock Exchange,
Members < Chicngo t*tock Exchange.
( Chicago
Board ot Trade.
June 8
*▼
THE CHRONICLE
1907]
=3
■^rast ©orapamies.
Jgmst ©ompatties.
QUARTERLY REPORT OF
1857
THE CENTRAL TRUST COMPANY
OF NEW YORK
on the 4th day of June, 1907:
RESOURCES.
Bonds and mortgages
S49.3S3
Amount of stock and bond investments
(market value, $17,865,551 05), book
17,865,551
value
Amount loaned on collaterals
38,507,015
Other loans, including bill purchased...
93,140
at the close
The Merchams’ Loan $ Trust Co.
of business
05
Large resources with an efficient banking organization enable us to extend
accommodations and render services satisfactory to depositors.
Interest
65
32
05
paid on the accounts of banks, corporations and individuals.
DIRECTORS
officers:
Cyrus H. McCormick
Orson Smith, President
Erskine M. Phelps
E. D. Hulbert, Vice-President
Lambert Tree
J. G. Orchard, Cashier
Enos M. Barton
F. N. Wilder, Assistant Cashier
Moses J. Wentworth
F. G. Nelson, Assistant Cashier
Chauncey Keep
P. C. Peterson, Assistant Cashier
Thies J. Lefens
John E. Blunt, Jr., Mgr. Bond Dept.
Clarence A. Burley
Leon L. Loehr, Mgr. Trust Dept.
E. H. Gary
Real estate:
$888,258 13
Banking house
104,719 37
Other real estate.
992,977 50
Due from approved reserve
less amount of offsets
depositories,
7,899,838 21
3.035,794 91
Specie
United States legal-tender notes and
bills of national banks.
Amount of assets not included under any
of the above heads, viz.:
Accrued interest entered on books at
date of this report as an asset
6,170 00
204,841 91
F. W. Thompson,
$68,654,712 60
LIABILITIES.
Commercial, Foreign, Trust, Savings, Bond and Farm Loan Departments*
Long established connections with the leading Foreign and American banks.
j
Due New York State sav¬
ings banks
§71,750 72
Resources
Loans and DiscountsBonds and Mortgages Due from Banks
$26,830,072.44
9,981,599.34
13,521,287.45
Cash and Checks for Cl. H’se. 6,829,345.14
$57,162,304.37
Due as executor, adminis¬
trator,
guardian,
re¬
ceiver,
trustee,
com¬
mittee or depositary... 1,882,075 18
1,953,825 90
Other liabilities not Included under any
of the above heads, viz.:
Reserved for taxes
§150,000 00
Accrued interest entered
on books at date of this
report as a liability
595,772 00
Liabilities
Capital Stock
Surplus Fund
745,772 00
$68,654 712 60
la.
COMPARATIVE GROWTH
BY DECADES
STATEMENT OF CONDITION, MAY 21
48
47
Orson Smith
Jill Branches of Banking
62
05
John S. Runnells
E. D. Hulbert
Mgr. Farm Loan Dept.
H. G. P. Deans,
Mgr. Foreign Exchange Dept.
Capital stock paid in, in cash
$1,000,000 00
♦Surplus on book value (less current ex¬
penses and taxes paid)
15,606,804 08
Surplus on market value (less current ex¬
penses and taxes paid), $15,606,804 08.
Surplus on basis of book value after
charging and crediting accrued interest
not entered on books, $15,606,804 08.
Surplus on market value after charging
and crediting accrued interest not en¬
tered on books, S15.606.804 08.
Deposits subject to check (except as
stated below), not preferred.
44,668,224
Certificates of deposit (not preferred),
demand
3.659,601
Amount due trust companies
435,761
Amount due banks and bankers
584,723
Preferred deposits, viz.:
<907
FIFTY YEARS OF BANKING IN CHICAGO.
-
$ 3,000,000.00
3,000,000.00
-
-
1,273,851.82
31,436.45
Undivided Profits Reserved for Accrued Interest
Deposits
-
-
49,857,016.10
-
-
$57,162,304.37
♦Surplus includes undivided profits.
Amount of debts guaranteed and liability thereon at
date of this report, none.
Total amount of deposits on which interest is paid
at this date, S50,119,143 38: average rate of interest on
Capital, Surplus
Year
and
1857
$
Deposits
Profits
*
500,000
1867
1,000,000 $ 1,723,000
1877
1,600,000
3,000,000
2,321,000
8,069,000
3,554,000
7,273,851
18,445,000
49,857,016
1887
1897
1907
(Statement, May 21)
•Records burned In Chicago Fire.
135 Adams Street. Chicago
deposits on which interest is paid, .0288%.
Has
each
official
communication
directed
by the
Banking Department to this institution been submitted
to the Board of Directors at the meeting held next after
its receipt?
Yes.
Average reserve for the last thirty days was .2289%.
Average cash reserve for the last thirty days was
.0593%.
State of New York, County of New York, ss.:
X*J. N. WALLACE, President, and GEORGE BF.RTINE, Secretary, of Central Trust Co. of New York,
located and doing business at No. 54 Wall Street, in the
City of New York, in said county, being duly sworn,
each for himself, says the foregoing report, with the
schedules?accompanying the same, is true and correct
in all respects to the best of his knowledge and belief,
and they further say that the usual business of said trust
company has been transacted at the location required
by the Banking Law (Chap. 0S9, Laws of 1892), and not
elsewhere, and that the above report is made in compli¬
ance with an official notice received from the Superintendent’of Banks designating the 4th day of June, 1907,
as
the
day as of which such report shall be made.
J. N. WALLACE, President.
GEORGE BEltTINE, Secretary.
Condensed Statement June 4, 1907.
$6,612,513 95
27,963 33
159,133 96
25,773 26
$10,283,057 21
LIABILITIES.
Capital
Surplus and Profits
Unpaid Dividends
Deposits
$1,000,000
437,255
186
8,845.615
00
34
00
87
$10,283,057 21
R. ROSS APPLETON, President.
JOHN* F. CARROLL, Vice-President.
RICHARD I. BREWSTER, Vice-President.
P. M. SAYFORD. Vice-President.
LOUIS V. ENNIS. Cashier.
J. J. BRODERICK JR., Asst. Cashier
C. B. VAN
RESOURCES:
$4,826,479 11
1,556,090 75
269 365 52
Loans and Discounts
Furniture and
Exchanges for Clearing House
NOSTRAND
36 WILL STREET,
124,316
669,916
479.727
2,286,707
H.
Investment Securities
$1,000,000 00
500,000 00
Capital Stock
Surplus (earned)
116,069 71
Undivided Profits
8,590,034 03
38
63
0,500 00
Reserved for Taxes.
49
86
$10,212,603 74
PARKER. President.
JOHN R. WOOD, Asst. Cashier.
WILLIAM A. SHERMAN. Cashier.
SQUARE
Statement at the close of business June 4th, 1907
RESOURCES.
$9,408,633 31
Loans and Discounts
Stocks and Bonds
70,358 77
Mortgages
700,000 00
$13,954,184 50
LIABILITIES
Capital and Surplus
Undivided Profits.
-
.
$2,000,000 00
-
-
699,979 41
11,254,205 09
$13,954,184 50
CORCELLUS H. HACKETT, President.
GEORGE McNEIR, Vice-President.
E. C. EVANS. Cashier.
E. S. LAFFEY. Assistant Cashier.
VAULTS.
DEPOSIT
60
Condensed
statement
at
June 4,
the
close
of business
1907.
$1,345,702
Loans and discounts
Overdrafts
17,712
Stocks and bonds
11.600
Cash on hand and due from banks.. 1,738.798
$500,000 00
105,925 70
15,833 18
2,492,054 08
Deposits
$3,113,812 96
THOS. H.'HUBBARD, President.
JAMES S. FEARON, Vice-President.
JOHN HUBBARD. Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. L1PPINCOTT, Asst. Cashier.
TRACTION. GAS & ELECTRIC
I Established 1803.1
FINANCE CO.
W. T. HATCH & SONS,
JOS. B. MAYER, President,
BANKERS AND
96 Broadway,
BROKERS,
-
New York.
NEW YORK STOCK
EXCHANGE.
55
28
00
13
$3,113,812 96
Capital
Surplus and undivided profits
Certified checks
Deposits
SAFE
THE INTERNATIONAL BANK,
WALL STREET. N. Y
569,963 97
3,205,228 45
Due from Banks and Bankers
Cash
MEMBERS OF
.
1907.
Deposits
FORREST
3,457,672 71
Cash—on hand and in banks
REPORT.
LIABILITIES:
Securities
Due from Banks
Safe Deposit Vaults,
Fixtures
Real Estate
QUARTERLY
the close of business on the 4th day of June,
31 UNION
Fifth Ave. & 14th .St.
Real Estate
CONDENSED
At
BANK OF THE METROPOLIS
YORK CITY.
Vaults, Furniture and Fixtures
BROADWAY, (Corner Beaver Street), Xew York.
$10,212,603 74
FOURTEENTH STREET BANK
RESOURCES.
Loans and Discounts
Stocks and Bonds
10
Cash and Cash Items
Severally subscribed and sworn to by both deponents
the 6th day of June, 1907, before me.
(Seal or Notary.)
W. H. SMIDT.
Notary Public, Rockland County.
Certificate filed In New York County.
NEW
New York Produce Exchange Bank
11 Pine Street
Flue nee Electric Railways,
Lighting and das Properties
We will Porchsee or
LARGE PROPOSITIONS PREFERRED.
THE CHRONICLE.
xn
[Tol,. lotxxiy.
ffiuatixtiil
[Established in 1865]
DEALERS IN
CHICAGO CITY MORTGAGES
AND
RAILROAD, PUBLIC CORPORATION AND INDUSTRIAL BONDS.
\Z\ La Salle
We make
Street, Chicago
specialty of bonds, secured upon such stable natural resources as
Timber, Coal and Iron Ore Lands which are so developed as to have ample incomeproducing capacity for the protection of principal and interest.
a
The above constitute
a
most conservative class of
INVESTMENT SECURITIES
AND NET THE INVESTOR FROM
Send for
our
June Circular No. 603,
Cable Address:
THOUGHT,” Chicago.
5% TO 6%
containing descriptions of twelve Serial Bond Issues.
Code Used:
Lieber and ABC 5th Edition.
rnnicle
Ijommetrm
CLEARINGS—FOR MAY, SINCE
JANUARY 1 AND FOR WEEK
Clearings
Inc. er
7,334,853,946
938,832
4.896,289
665.027.683
214.076.764
120,477.283
34,804.026
27,020,309
25.892.573
17,478.662
8.250.841
8.266,380
5,563.451
5.538.982
4,502,760
4.222.857
2,688,675
2.333.700
2.212,313
2.384,622
1,201,436
793.897
3,716.462
8.509 ,114,606
6S3 ,171,904
33 ,587.000
9,945,766,293
674.129,461
32,850,200
Baltimore
Buffalo
27.896.364
33.932,081
Washington
Albany
Rochester
Scranton
16,719.501
9,489.797
8.870.227
5,820.210
...
Syracuse
Wilmington
Reading.
...
6.267.246
5.862,491
5.020.334
3,119.558
2.339,000
2.281,536
2.383,397
1,397.335
Wilkes-Barre
Wheeling
Erie
Binghamton
Chester
Greensburg
Franklin
Frederick
Harrisburg*
Total Middle
Boston
Providence
Hartford
New Haven
9 ,630,887
8 ,688,183
Portland
7 ,611.927
Worcester
Fall River
New Bedford
Lowell
4
,638,251
3 ,366.179
2 ,403.596
2 .178.219
Holyoke...
782 ,237.298
Total New England
1.120 ,510.142
115 ,613.800
74 ,650,249
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
62 ,343.330
46 .195.782
35 .109.305
23 ,864.500
17 .339.810
12 ,552,594
11 ,025,541
8 ,681.962
9 ,473.636
4 .639.502
3 ,311,556
3 .808.420
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
;
Evansville
Kalamazoo
fpringfleld,
ort Wayne Ill
2 ,540.057
Lexington
‘Youngstown
.Akron
3 ,067,525
3 .040,663
2 ,837.348
O
.574,174
2 .475,565
.731,091
1
Rockford
Canton
South Bend
,994,209
1 ,663.751
1 .611.505
1 ,525.589
1 ,181.240
1 ,670,657
1
31oomington
Springfield,
Ohio
Mansfield
Decatur
Jacksonville, Ill
....
Jackson
661,924
Ann Arbor
Adrian
1,677,695.427
Total Middle West.
Ban Francisco
Los Angeles
Seattle
Salt Lake City
Portland
188.S09.920
52,525,885
41,150,553
25,146.597
32.692,507
26.541,589
Spokane
Tacoma
Helena
21,306,595
3,746,393
Fargo
2,127.953
1.825.276
12,135.130
2,175,821
Sioux Falls
Oakland*
Ban Jose
395 ,873.268
Total Pacific
136
Kansas
City
Minneapolis
48 ,020,180
40 ,119,130
33 .015.7S5
26 ,476,320
13 ,094.978
9 ,519.360
6 ,169.259
4 ,261,179
3 ,910,125
Omaha
St. Paul
Denver..
St. Joseph
Des Moines
Sioux City
Wichita..
Davenport
Topeka
Colorado Springs
Cedar Rapids
Pueblo
Fremont
Lincoln*
,740,617
,746,027
,648,126
,225.417
,889.095
433 504,029
276 545.295
....
Total other West.
Orleans
St.lewLouis
Louisville
Houston
—
2,127.108
2,089,666
766.765.436
914.741,308
109.265,650
67.777,202
60,331.599
39.274.756
30.569,985
23,995.700
14.5
+ 1.3
+ 2.2
+ 7.0
+ 5.2
+ 13.5
+ 6.1
+ 14.5
+ 19.3
+ 15.7
+ 12.5
+ 4.3
+ 2.0
+ 22.5
+ 5.8
+ 10.1
+ 3.3
+ 17.4
+ 14.9
17.447,330
11.548.619
10,659.218
8.060,999
7.704.639
4,035.524
3.414,057
3,303.791
2,628.568
2,861.467
2,336.776
2,334,783
2.172.822
1,788,520
1.622,052
1,598.617
1,525,873
1,380.885
1,297.524
1,197,910
1,073,182
—0.5
—0.8
+0.03
+ 3.4
+ 7.
+23.0
+ 15.0
—3.0
+ 15.3
—3.4
+ 7.2
+ 30.1
+21.5
+ 18.5
-K38.4
+ 6.7
+ 24.8
+ 9.0
+ 16.2
+ 17.6
1.4
+ 56.7
+ 16.5
—
568,196
Not included in total
1.336,553,618 + 18-0
50.620.021 + 272.6
47.320,065 + 11.0
+ 9.9
37.453.4S3
20,420.682 + 23.1
22,060,278 + 48.2
20,939.956 + 26.3
+ 29.3
16.476.141
3.387.810 + 10.6
+ 13.3
1,878.515
1.515,406 + 20.4
—13
14.542.984
Not included in total
222,072,357
100.904.906
76.986.041
43.013.032
32,294.922
27.286,018
22.209.833
14.054,964
7.905.821
+ 78.3
+ 35.6
+ 33.5
+ 11.6
+ 24
+ 21.0
+ 19
—6.8
+ 20.4
5,029,334
4.067,459
4.096,555
2.893.220
2.650.452
2,021.084
1,172.370
4.828.563
+ 22.7
+ 4.8
346,586,611
+25.1
+ 12.7
245,380.160
73.510,206
,651.400
,817.500
,097.921
401,315
,447.484
,825,245
,231,942
029.238
,739,947
5 500.000
Columbia
52.546,333
33.178.745
24.937,500
24.167,294
19,120.025
21,341.368
19.012,075
19,504.211
11,417.316
11,116,219
8.721,430
7.230 ,G3 4
6.631.510
45.276.123.037
3.211,525,782
1,122.491.632
„
—4.5
—5.3
+3.6
+ 31.0
+ 4.5
+ 22.0
683 .G87.4G0
935.162
876.684
10 ,128,291
6 ,199.509
6 ,560,683
7 ,108,230
5 875,114
6 887.587
6 253,997
6 098.573
2 650.981
2 084.869
2 260,067
1 474,425
Waco
Valdosta
Total all
—4.3
+ 15.0
+ 7.3
+ 4.6
+ 13.2
+30.2
+ 18.9
+ 16.0
+0.2
+ 3.1
—0.05
+ 16.3
+ 18.3
+31.8
—
5.181.577,633
599.948.550
368,376,219
288.850.788
232.086,101
172,232,261
119,980.700
90.131.364
62.664,096
52,009.287
46,073.141
42.782.393
4,525.656.620
550.376,650
328.923,323
269,250.224
198.264.523
142,483.494
114.035,300
86.464.559
67.437.355
48.215,518
41.610.864
35,829,431
19.219.754
22.004,399
17,816.699
18.293.284
17.348,555
14.805.509
16.211,587
14,938,245
14.221,296
12,214.487
10,448.359
10.481,226
11,040,614
9,229.597
7.837,320
14,681.812
4-4
—7.1
+ 5.8
+ 1.5
+ 7.5
+ 8.1
+ 17.6
+ 5.9
+ 14.5
+ 9.0
+ 12.0
+ 7.3
+ 17.1
+ 20.9
+ 5.2
+ 4.2
—7.1
+ 7.8
+ 10.7
+ 19.4
+ 14.5
+ 2.7
+ 9.0
—3.9
+ 10.4
+ 13.2
986.210.597
276.731.165
197.081.561
125.622,788
+ 40.9
665,835.154
421,019,816
234.945,788
185.482.884
163.685.474
+ 7.6
+ 1.0
+ 2.9
+ 28.9
716.458
332,803
247.738
2 500,000
+ 3.4
+ 39.6
+ 31.2
+ 17.4
+ 7.9
14.0
+ 25.0
—
495,224
12,159,575
9.586,404
6,460.329
5,463,062
3.690.100
2,639.813
2,381.494
1,871.833
1.314,740
1,175,662
615,696
683,396
594,868
536,425
423,550
410,973
493,426
328,449
466.777
350,378
150,633
339,188
201,006
202.500
101,930
104,000
—7.0
685,970
519,267
349.448
309,582
1,181.740
81.572.575
54,044.904
16,517,388
10,573.303
10.843,695
5.857.000
70,952.887
51.041,815
14.214.117
10,972.659
7.987,021
5,480,500
5.083.783
3.454,572
4.135.433
4.782,449
3.063.970
3,836,959
3.095.703
3,032.058
3.838.654
3',437.114
2.393,034
2.072.394
1.933.914
1,166.831
1,392.946
1,241.308
1,109,141
1.247.800
750,000
2,242,869
1.948.292
1,145,536
1,289.343
1.250,000
1,075,500
1.234.030
1.050.000
1,101,812
573.560
522,864
321.526
245,000
—13.8
+ 43.3
+ 8.9
+ 24.3
1,210,000
927.766
490.481
■
4,594.533
2,875,315
3.832,332
2.626,165
2,349.588
+ 36.2
+ 48.2
+ 43.5
+ 41.9
+ 9.8
+ 8.1
+ 14.0
—8-6
In total
809.639
907.825
688,447
195,974
1,288.793
24S.833.000
32,724,318
8,230,192
—4.1
60,238.253
21.174.32S
13,938,307
8.919.896
6.532,021
5.806.747
5.215,838
2,100,000
1,758,832
3.214.773
+ 1.5
+ 22.9
+ 11.8
+ 0.7
+ 16.8
+ 10.9
+ 18.2
+ 21.2
529.271
370,729
1.249,878
1.100.000
-
566.637
410,406
6,361,855
3,775.094
2,637.304
3,020,556
1,964,950
1,836,955
544.787
389,127
181.615
226,890
+ 31.0
+ 22.2
+24.2
+ 0.6
+ 17.8
+ 9.1
+ 0.1
+ 10.0
—2.4
+ 40.1
—31.8
+ 4.8
+ 2.0
+ 4.2
+ 54.1
—36.7
+ 9.1
58,436.376
19,041,680
17.386.657
7,745,250
6,001.333
5.247,886
4.666.032
2.294,379
1.566,906
1.005,472
+ 15.0
68,775,155
54.931.022
12,638.437
-
233,224,710
26.351.794
47,064,046
15,590.777
12,158,116
7,405.687
4.834.170
3.535,566
5.085,903
2,189,909
1.264,282
979.536
1,121.236
861.317
450.766
440,832
887,333
1,140,690
757.157
461,251
328.228
244,895
204.567
—
+ 5.9
+ 16.2
—3.6
+35.8
+ 6.9
—5.9
—6.9
—25.9
—0.04
—9.9
+ 26.7
+ 8.2
+ 0.7
1.8
—7.4
+ 0.7
—
—3.0
11,048,668
4,900.000
3.910,000
4,324,672
10,018.476
4.985,547
3.333,000
4.002.691
2,144.113
2,569.313
3.088,997
1,842,OSS
1,933,157
1.159,576
1,380,209
1,011,206
973.345
865.296
942,180
885,3S6
1,145,373
399,469
—1.2
13-3
—2.0
300,000
—
11.676,855
3,126,375
1.1
+ 40.0
+18.8
+ 16.9
—
56.122.664
50,928.536
167.664
+ 10.0
3.551.325
2,073,809
2,015,812
2.522,902
1,163.269
1,584.738
1,185.696
564,453
.
.
1,038,126
733.702
694,349
675,853
586il83
298,848
400,000
223,844
.......
...
in total
+ 10.3
3.469,672,675
+ 8.3
—6.5
66,477.853.210
—2.2
5.047.259,142 4.444.345.376
+ 13.6
24.944.012.187
22.697.591.779
months; comparison incomplete.
1,379,711
1,375,465
1,201.562
473,839
460,472
463,440
439.433
386.025
361,028
341.515
336.890
286.044
248,941
345.000
201,710
200,000
—4.5
—2.2
+ 49.2
+ 6.7
541.049
538.477
+ 19.6
619,630,140
for month and five
398.165
420,100
25.082.627
9,015,040
7,914.818
3,692,973
4,140,801
3,594,995
3,000,000
700.000
+ 6.2
—5.4
—13.6
+ 15.8
—4.5
+ 37.2
+ 23.7
Not Included
Not Included
—9.5
+ 11.0
618.960
721.707
+ 23.7
3,540.281
10.305.365
117,650,639
157,309,403
23,272,300
2,996.829
2,587,640
1,974,946
1,395,060
1,290,545
749,174
750,000
SOS,037
525,861
259,878.142
1,218.549
+ 15.5
+24.2
+ 18.3
11,328.060
7.723.040
32,336.534
144.019,302
172.757,097
18,737.550
12,247.815
1.5
+ 26.1
105,000
—
1,641,687
—6.2
+ 5.8
—6.1
+ 0.5
+ 65.3
+ 18.3
18.3
+ 27.0
—6.9
+ 26.3
414,682
319,862
348,854
270,784
241.489
302,464
194.676
204,000
8.974.950
7.696.316
6,337.399
5.822.722
2,310,000
1,717.243
+0.02
58,967.1c
369.386
9,950,686
6,394.099
—
528.912
534.650
17.313,298
+ 12.0
+ 8.9
89.257.4S
704.090
662.526
617,547
529,806
673,214
422.161
Not included
78.920,388
1,338.554.327
1,292,393
9S'; fid.'i
25.877.132
12.382 ,112.088 13,237.374.455
*Not Included in totals
9
+28.5
106,614,951
85.606.93S
112.169,545
85.222.104
81.011.264
59,364.837
48,926,772
35.179.189
38,555.101
34,949,207
30.130.799
33,618.877
30.522.351
30,888.473
15,119.889
9,777.261
375.800
1,985,045
1,565.703
1,352,851
1,417.317
774,906
618,357
463,789
473,716
7,129.910
4,471.400
—
1,598,123
9,614.532
7,586,856
5,029,260
6,136,570
5.156,945
4.256,678
786,365
359.819
282.490
+27.6
+ 14.9
+ 14.6
+ 19.9
+ 19.0
+ 15.5
+ 12.7
+ 19.6
+0.3
+ 7.6
+ 19.9
+ 10.6
2.139.400
288.35S.469
37.425.230
1,988.198.569
134.288 634
711,614
377.397
—
in total
2.041.826,084
+ 13.3
+ 1.9
3,186,415
2,338,485
510,333
405.352
330.884
4S7.130
355.128
283.399
326.498
167,418
255,000
97.624
+ 8.7
+ 26.3
+21.0
+ 27.3
—9.1
7,575.918
5.855.137
4.529,700
533,000
666,540
+ 13.2
48.203,226
29,243,975
26.490,137
20.703,903
15.094,646
15.085.425
12,610,974
6.947.380
29.099.945
—2.7
+ 12.1
10,753.437
609,296
+ 3.4
+ 8.2
+ 48.4
+ 36.4
+ 22.6
153,424,000
102,599.398
5,176,200
2,383,041
20,618,350
13,212.873
7S4.697
492.992
+ 15.0
426.606,368
290.133,64S
237.570,506
126.574,923
5,862.700
2,929,996
10.9
+ 3.3
+ 16.4
—
1,850,624
1,234,868
629,233
717,967
453.707
408.017
539.757
—2.3
128,528.182
67.943,120
1,077.207,310
149.328,569
179,702,594
+ 35-0
+ 10.7
in total
16.180,111
+ 9.0
—10.9 1,779.887.369
1,168,788
+20.2
135.799,843
203,660.528
21.007.000
13.250,443
11.572,537
9.082,199
6.442,196
4,462.200
2,988,115
2.473,076
1,998,494
1.606.29S
2,136,935
833,400
+22.3
Not included
708.181
—1.3
+ 19.2
+1.5
+9.4
+ 7.4
7.459,621,811
98,311.798
18.314.219
11.025,422
9.334,294
74.580,879
10.259.995
312,897
234,322
+ 10.5
—19.6
+ 11.1
+ 48.0
—18.2
+ 18.1
115.708,249
708.585
446,001
431,900
526.174
448.560
192,306
1,538,260
+ 30.0
+ 16.6
149.858.476
950,090
764.599
o,005.910
4,624,004
3.224,300
4,411,042
1,756.572
1.139,402
973,378
950,946
716,400
2,295,035
+ 19.0
Not included
18,360.761
21.010.237
5.343.444
5.443.059
4.023.938
4,898.765
2,100,695
1.297.217
—3.0
+ 12.3
+ 12.4
+ 56.1
—8.6
—3.0
+ 3.4
—1.0
+ 13.5
+ 23.2
+ 4.2
+ 18.4
—23.4
+ 5-2
—30.4
2.264,117
1,699,796
1,487,559
1.371,487
931,756
5S6.S90
441.284
457.450
+ 16.7
+ 18.6
+7.8
+ 11.7
8,437.172
7.298.481
907,809,39®
90,404.740
34,849.043
1.553.392,875
131,502.354
—5.9
45,237.782
+ 4.7
1,628.771.031 1,827.024,564
131,464.860
117.161.845
5,883,500
6,078,600
2.852.498
3.319,059
—1.4
+ 5.1
10,876.157
S
S
—h.3
1
771.968
8,793,781
1904.
1905.
Dec.
1906.
1907.
$
S
%
—8.3 1.386,695,324 1.581.568.923
144.638,072
136.154.086
—2.6
45.249.384
47.397.232
+ 5.5
24,972.315
24.227.999
+3.4
6.254,550
7.023,538
+ 15.5
5.632.064
6,328,068
+ 7.3
4.136,644
6,456,647
+41.6
4.421,298
4.039.501
—5.9
1.928,666
1.870,903
+ 12.1
1,394,685
+21.1
1.442.827
1.246.260
1.233.451
+ 4.6
1.035.630
1,175,936
+ 12.6
794.793
978,182
+ 16.0
831.080
866.408
+ 4.8
526,25#
623,176
+ 14.1
509,300
390,200
+3.1
478,262
503,341
—2.1
488,170
339.816
+21.8
210,000
252,428
—0.3
8,235.064
5,760,328
6,828,480
3,010,328
June 1.
Inc. or
Inc. or
Dtc.
602.162.387
622.542.173
159,042,251
183.657.210
124.541,893
133.632.609
114.170.044
161,674.645
84.796.503
79.779.788
42,469.806
47.617.217
35.453.994
42.930.686
28.086,017
29,389.999
27,415,708
30.865.077
22.662.231
26.295,975
22.180,183
23,249.483
13,188.456
15,048.315
11,664,600
12.031,400
11,112.262
10,880,271
10.735,190
13.072,965
6,045,151
6.024.523
4.258.185
4,431.413
3.716,462
23.393.986
47.289.500.572 50,930,125.312
3.632,559.015
3,737.844.584
168.439.100
171.059.200
75,319,381
81.199,236
50.875.400
54,995,501
39,188,456
46.073,878
39,826.283
39,287.985
34.281.148
36.033.102
20,828.621
24.299.179
13.509.378
16.017.814
10,322,024
11.132.748
9,926,123
11,090,272
3.995.074.929
4,229,033.499
700,000
496.516
Nashville
Atlanta
Savannah
Fort Worth
Norfolk
Birmingham
Augusta
Mobile
Knoxville
Charleston
Jacksonville
Chattanooga
Little Rock
i
Macon
Wilmington, N. C
Beau mont
Columbus, Ga
Outside New York.
1,184.707.027
5,992,375
6,230.781
6,038,715
5,548,678
5.030,494
2.422,472
2,381,241
1.617.135
1,547.223
5.000,000
Not included
Not included
i
Galveston
Total Southern
3.127.828,773
+4.6
+ 8.1
+ 46.6.
+ 19.6
+ 8.0
—3.8
18.2
+ 9.5
—21.9
+ 31.6
+ 14.6
+ 16.1
—14.2
—1.1
+ 18.5
—5.7
+ 14.1
+ 12.7
+ 21.2
+9.7
—12.5
+39.8
—4.7
+ 10.0
in total
in total
76
56
48
29
26
18
17
20
15
15
12
Richmond
Memphis
,809.480
102 ,748.046
—3.2
2.908.655
r
41,533,841,023
+ 10.7
+ 1.1
+ 13.7
+3.2
+ 31.1
14,830,334
10,544.679
8,483,644
8.265.017
6,647,346
3.889,326
15 ,869.422
11 ,091,730
Springfield
Dayton
8.793.029,079
643.448,527
237,059.570
121.848,203
39.566.451
Jfe.e
1906.
1907.
Dec.
1906.
1907.
ENDING JUNE 1.
Week ending
Fine Months.
Mag.
New York
Philadelphia
Pittsburgh
NO. 2189.
SATURDAY, JUNE 8 1907.
VOL. 84.
+ 9.9
128.014,101
134.672,589
2,347.494.595 2,495.436,522
1
960.799,571
Table Clearings by
913.867,599
104,318.014
115.682,156
—5.9 2.415.633,358 1,635.687,383
727.777.98?
862.240.483
+ 5.1
+ 4.7
Telegraph and Canadian
Clearings on Page
1329.
1328
THE CHRONICLE.
[VOL.
LXXXIV.
remitting to Brazil on account of the coffeescheme; Egypt also was drawing gold
from London and France because of a speculation
there in cotton; and Argentina needed and called for
gold in payment for her shipments of grain to Europe.
With these demands confronting Europe’s gold re¬
serves and threatening a further advance in the Bank
of England rate to 7%, the Bank of
France, in order
to prevent such a movement,which would be
preju¬
dicial to French interests, relieved the London market
through advances on acceptances for a fixed period
of Bank of England bills.
Subsequently more con¬
servative policies being pursued by London
bankers,
in the matter of extension of
credits, and by the
Bank of England through the absorption of bullion
offered on the market from South Africa, &c., a
grad¬
ual improvement in its reserve enabled the Bank
to reduce its official rate to 4%
early in the current
were
THE FINANCIAL SITUATION.
valorization
^
Gold exports from New York have been a new
influence working against the Wall Street market.
These shipments began May 28, or two weeks ago, and
have now reached a total of $10,400,000, of which
$7,100,000 have been engaged the current week.
The forces ending in this gold outflow from the United
States may be said to have been accumulating ever
since last fall and
even
before then.
Last
summer
(1906) it appeared that the London market had gotten
a necessitous state.
The beginnings of that situa¬
tion might even be traced back into the
early half of
1906, being connected with the earlier stages of the
agitation against capital which took on an increased
intensity with the discussions in Congress over the
Hepburn rate law, and also on the occasion of Mr.
Roosevelt’s address April 14 on the “Man with the
Muck Rake,” into which he incorporated an
argument year. As this action indicated a more normal con¬
in favor of placing a limit on
large fortunes—senti¬ dition of the Bank of England, the Bank of France
ments which,considering their source,could not fail to
proceeded to withdraw its advances to the British
impair the standing and credit of American securities Bank, and it is understood now that such advances
wTherever dealt in.
have been nearly settled.
Nevertheless, it would
A further transaction
affecting European and Ameri¬ appear that the Bank of England’s condition is by
can
monetary affairs, and having an influence upon no means secure, for it is seeking to resist encroach¬
the present outflow of gold, was the action of
Secretary ments upon its reserve which, if not effective, would
Shaw in again intervening to assist in the
importation endanger the maintenance of the 4% discount rate.
of gold.
At the close of business Sept. 5 Mr. Shaw
into
announced that he would repeat
his operation of the
previous spring and deposit moneys with the institu¬
tions engaging gold for import, thus
making the im¬
ports immediately available and saving loss of interest.
Under this order the drain of gold to the United States
reached
large amounts and deranged all the
European money markets. As a result, on the 10th
of October the Bank of
Germany raised its rate from
5 to 6%, and on the 11 th the Bank of
England moved
up from 4 to 5%; and again, on Friday October 19
the Bank of England surprised the financial world
by
further advancing its rate to 6%.
On October 23
Mr. Shaw announced that further advances of Govern¬
ment funds to facilitate
gold imports would be discon¬
Altogether, however, from the beginning of
movement, $44,606,000 advances for gold imports
tinued.
the
made
New York and $2,000,000 at Boston,
besides imports of $7,457,844 which were said to have
come in unaided.
were
at
The session of
the International Cotton
held at Vienna last week
was
interest to the cotton world.
gold imports and the conse¬
quent disturbed state of monetary affairs in Europe,
money had for many months been ruling very high in
the United States and
comparatively low in Europe.
This state of these markets for
moment
when
our
loans—existing
at
a
wonderful term of progress
had
passed its acme, and had lost in good part its legiti¬
mate character and become
largely speculative—
stimulated extensive borrowings in London on shorttime notes by railroads and by other
large financial
corporations and syndicates, all of which, yield¬
ing better interest, found a ready market in Lon¬
don.
Later, however, when it became evident
that if no check were put to the negotiations of Amer¬
ican bills and loans bv the London
joint-stock banks,
extremely tense situation would develop, those
banks began materially to contract the volume
of loans largely through discrimination
against Ameri¬
an
can
securities.
At
the
same
time
British
bankers
Congress
considerable
A
large part of the time
Congress was taken up with a discussion of the
methods of handling the staple and there was una¬
nimity of opinion as to how it should be ginned, baled
and compressed so as to reach consumers in the best
possible-condition. There has been so much com¬
plaint in recent years of the poor condition in which
of the
American cotton bales arrive at destination that the
statement made by delegates from this
country that
they intend to adopt every possible measure to im¬
prove existing methods of handling called forth reso¬
lutions of satisfaction.
Not the least important
action taken at the Congress was the
fixing of 22
pounds as the maximum tare on a bale of cotton. This
in itself is a decided move in the
right direction as the
previous arbitrary tare of 6% of the gross weight of the
bale was much too high, but was
rigidly enforced
abroad and worked to the
Prior to these assisted
not without
can
disadvantage of the Ameri¬
shipper.
Community of interest found strong recognition in
Congress in the expressed desire of spinners for
the
direct relations with growers, and the American
growers, on their part, strove in every way to dispel
the idea that they had any intention of
organizing for
more
the purpose of unduly advancing the
price of cotton.
This statement may seem to have been
antagonized by
the activities of organizations in the South whose efforts
apparently directed toward regulating the price
commodity and the extent of planting. But
such a conclusion is far from correct.
Whatever spirit
of antagonism has been evidenced at the South has
been against the cotton exchangesof the
country, under
the mistaken idea that such
exchanges were chiefly
interested in forcing down prices. Nothing, however,
could be further from the truth.
The price of cotton,
as of all other
commodities, is controlled by the law
of supply and demand, and any
false value, either exare
of the
JtTNE 8
1329
THE CHRONICLE
1907.]
that the area has been further increased to the extent
through speculation can be
of nearly 5% (4.82% according to our own compila¬
but temporary and therefore harmless to legitimate
tion), despite the adverse weather conditions that
interests. Without the cotton exchanges our large
have prevailed.
With the w'orld in need of increasing
An appeal to supplies
crops could not be so readily marketed.
of cotton (which just now7 the United States
the delegates was made by American representatives
alone can be expected to furnish), extension of area
present to indirectly participate in raising of cotton here has
grown to be almost imperative, and with the
in America, by inducing the European surplus of able
incentive of comparatively high prices w7e are not per¬
agriculturalists to come to the Southern States and mitted to doubt the addition v'ould have been appre¬
thus help to extend the cultivated area of the coun¬
ciably greater under more favorable conditions of
try and assure a sufficiency of supplies in the future.
w'eather.
Altogether, in the feeling of good fellowship displayed
But while the seeded area this spring is greater than
and the work accomplished, the Congress was a no¬
ever before, the outlook for the crop is at this date as
table
cessive
or
deficient, arising
gathering.
investigations have ever disclosed.
In fact, never before have vre met with greater diffi¬
With less activity at the Stock Exchange and conse¬
culty in reaching conclusions than in the present year;
quently with the volume of transactions appreciably
indeed, not even in seasons of extensive floods have
below the total recorded in May last year, and with
v'e encountered such serious obstacles in determining
probably less activity in many commercial lines as a the area under cultivation and the percentage of con¬
result of the backward season, Ac*., bank clear¬
dition. * The early or preparatory season was especially
ings at New York show a decrease for the month.
favorable, temperature during March having been
Outside of this city, however, the aggregate exhibits
above normal and the situation as regards rainfall
a
very ‘satisfactory percentage of increase, with a
number of cities recording conspicuous gains. This quite satisfactory. But from the first of April down
to the close of May, w'ith the exception of a break of
would seepi to indicate that the general trade of the
about ten days just after the middle of Mav, unfavor¬
country is in excellent condition, especially as the gains
uncertain
as our
able conditions predominated—temperature below
confined to any particular section. With New
normal most of the time and excess of moisture was
York excluded the Middle section shows an excess over
are
not
2%, and a similar gain is exhibited in
England. In the Middle West the increase is 18%;
May of 1906 of
New
complaint over much of the belt. Consequently
plant was on the first of June below7 the average
in size and condition and therefore peculiarly suscep¬
tible to further adverse conditions.
But fortunately
the w’eather the current w7eek has as a rule been more
satisfactory and has in a measure dispelled gloomy
the
the
of 25.1%, the South
is 10.3% ahead of last year, and figures for the Pacific
section (not including San Francisco) show an addition
this year of 20%. The aggregate for all cities outside
forebodings as regards the outlook. Still, continued
of New York exhibits a gain of 13.6% for the month of
favorable w'eather is needed to bring the plant up to a
May, and an increase of 9.9% for the five months since
satisfactory condition and afford assurance of a fair
January 1. Put owing to the losses at New' York the
If we could assume good weather, however,
result for the whole country for the month is a decline yield.
through the summer, and a late frost, there would be
of 6.5% and for the five months a decrease of 2.2%.
The fact that
reason to fear a dearth of cotton.
the Northwest
records
an excess
no
Commercial failures in May, on
make
a
very
the other hand,
favorable comparison writh the
month a
regards number and liabilities. As
compiled by Messrs. R. G. Dun & Co., the liabilities
of failed firms in the United States in May this year
wrere only $9,965,410, against $12,992,809 in 1906.
Manufacturing bankruptcies, as in April, give a larger
total of liabilities this year than last, but the difference
in May is less conspicuous—the total being less than
year ago,
both
is backward now7 and therefore promises to be
in maturing is important only w'hen considered
the crop
late
in connection
as
w'ith future w'eather
and time of frost.
discussion this week at the Economic
Club of New7 York on the subject “Is the Over-Capitali¬
zation of Railroads an Evil?”, at which some interesting
statements and facts were brought out.
Mr. Stuyvesant Fish wras one of those present but felt that he
could not speak on the subject, since he held the
opinion that the railroads in this country are not over¬
There
wras a
million greater than in 1906.
the decrease
capitalized. He ventured some brief remarks, how¬
from May of last year in the liabilities of general
ever, in which he distinctly denied that there wras overtraders.
But among those classed by Messrs. Dun A
capitalization, and contended that actually there was
Co. as “Brokers and Transporters” liabilities reached
under-capitalization. We are inclined to think that
this year in May only $1,171,440, against $4,141,694
Mr. Fish is entirely right.
Instances of stock-watering
a year ago.
For the five months of 1907 the aggregate have for a decade or more been exceedingly rare.
liabilities of failed firms reached $53,123,097, w'hich
The Chicago & Alton case belongs almost in a class by
compares with $54,813,565 in 1906.
itself. In recent years (wre mean until the last twelve
three-quarters of a
And that amount
just about measures
Investigations antecedent to, and connected w7ith,
the issuing of our June report on cotton acreage and
condition have brought out forcefully the lateness of
vegetation throughout the United States the current
spring. These results, however, are so fully set forth
or
fifteen
months) railroads have
enjoyed great pros¬
perity and their securities have commanded high
There has, therefore, been little occasion for
discount or giving it as a bonus.
of the new7 issues put out during this
stock at
most
a
prices.
selling
Moreover,
period have
been made by companies of great strength and high
subsequent pages in our annual cotton acreage
credit and their stock issues in not a few' cases have
report that only brief reference to the subject is neces¬
been sold at a premium, so that the nominal or par
sary here.
The important features the answers to value as shown by the books of the companies in all
the inquiries wre have sent out make clear are, first,
on
1330
such
THE CHRONICLE.
instances
manifestly represent less than the
actual amounts of cash
invested in the properties.
We do not know whether Mr. Fish
(whose
Mr. Newcomb
or
Mr. Fish read) referred to this fact,
their remarks having been
only imperfectly reported
in the daily papers, but it is a feature which should
not
be overlooked in any consideration of the relation of
railroad capitalization to the actual values of the
properties.
But, after all, is not the subject largely an aca¬
demic one, and what practical use is there in
agitating
the matter?
It is conceded by every well-informed
person that there is no connection whatever between
capitalization and rates. As we have many times
pointed out in these columns, it is competition, not
capitalization, that determines rates—competition re¬
inforced by the action of the State and National
au¬
thorities in steadily forcing
freight charges down to a
paper
lower basis. Francis Lynde
Stetson, who was one of
the speakers before the Economic
Club, made a good
point when he said that a railroad cannot afford to
raise the price of its
cause
it is in debt.
[VOL.
LXXXIY.
week the Court over-ruled the demurrer to this
bill
which had been interposed on behalf of West
The State is given until the first
Virginia.
Monday in October
file its
answer
to the bill.
The
opinion, which
to
by
objection
no jurisdic¬
was
Chief Justice Fuller, first deals with the
made
by West Virginia that the Court has
tion in the
because the matters set forth in the bill
do not constitute such a
controversy between States,
within the meaning of the
Constitution, as could be
heard and determined by the
Court, and because the
Court has no power to enforce
against West Virginia,
and therefore no power to render
any final
case
judgment
decree.
It states that the Court is.satisfied it has
both jurisdiction in the case and the
power to render a
decree. It is not to be presumed, the Court
says, that
West Virginia will refuse to carry
out the decree. If
such repudiation should be
or
be considered
forced;
absolutely asserted, it will
by what
the decree can be en¬
but it must be assumed that the Legislature of
means
West Virginia will, in the natural
course, make pro¬
vision for the satisfaction of
any decree that
commodity, transportation, be¬ rendered.
might be
It cannot increase its
transporta¬
because it is in debt any more than one
The Court also denied the
validity of the argument
charge
advanced by counsel for West
Virginia to the effect
department store, which is in debt, can charge more that under the statutes of
Virginia and West Virginia
for its commodity than another which is
not in debt.
creating the State of West Virginia a compact was
He expressed the view that if there be
made
between the two States, with the consent of
over-capitali¬
zation the evil is to the railroad and not
to the com¬ Congress, by which the
question of the liability of West
munity.
Virginia to Virginia was submitted to arbitrament and
President E. P. Ripley of the Atchison
award
of the Legislature of West
Topeka &
Virginia as the sole
Santa Fe Ry. in a quoted interview
gave utterance to tribunal which could pass upon it.
The Court con¬
tion
pertinent observations on this same matter strues these statutes as
meaning that the Legislature
which deserve wide circulation. Mr.
Ripley contends of West Virginia should ascertain, in the manner laid
that valuation of the railroads is
just as feasible as to down in the Virginia Ordinance of August 20
1861, the
appraise the value of any other property, but why,
he amount of West Virginia’s liability, and should provide
asks,should it be done,and what is to be done with it? for the
liquidation of the amount so ascertained, and not
Who will put his
money in a business where the profits as meaning that the West
Virginia Legislature is the
are limited without
any guaranty? The lack of any sole body which can
pass upon the question, to the
guaranty in his estimation is the essential injustice of exclusion of the Court. On
this point the Court also
the whole proposition.
There is no risk assumed by refers to the fact that
nothing has been done by West
the public, which
presumably would derive some Virginia looking to the settlement of the question in
benefit, real or potential. If times are bad or crops forty-three years. The
scope of the decision is con¬
fail, the railroads are expected to reduce their rates no sidered
some
matter what else is
up,
and if times
are
good it is
expected that the rates should go down to prevent too
large returns on railroad investment. In this state¬
ment Mr.
Ripley certainly
sums up the situation in a
very apt and effective way.
Mr. Ripley is also correct
in his further statement that
whatever the short¬
comings of the railroads, the history of the last ten years
is one long story of
injustice to railroad corporations.
At last there appears to be
Virginia will be compelled
Virginia
erected into
sponsible] for
a
likelihood that West
to make provision for its
a
of
Virginia. When
carved out of the original State and
separate sovereignty, she was made re¬
was
certain portion of the debt the precise
extent of her liability to be
subsequently determined.
But over forty years have
elapsed since then and noth¬
ing has been done on her part to meet her share of the
a
,
debt. No effective way,
either, seemed open to force
her to do her duty in the matter until
the
Virginia
Legislature authorized the bringing of a suit in the
name of Virginia in the United
States Supreme Court
against the State of West Virginia. A bill in
equity
was filed in the
Supreme Court early in 1906 and last
to the
As
expected, the Utilities bill has been rushed
again through the Legislature and has been promptly
signed, so that it is now a law to be got on with as may
be possible.
There is pending in the Wisconsin
Legis¬
lature
was
a
bill of similar title and
purpose, and on
R. Foote, of Ohio, President of
the National Tax
Association, addressed the Legisla¬
ture concerning it.
He pronounced it the best, and the
New York bill the worst,of
the kind within his knowl¬
edge.. The latter, he said—with a correctness which
Wednesday Mr. Allen
portion of the debt of the old State
West
satisfactory in disposing of all objections
jurisdiction of the Court, and to its power to
render a final decree against West
Virginia.
very
going
must be
plain to any fair man who examines it—fails
apply the principle of reciprocal justice; but he de¬
clared that this principle is
applied honestly and intelli¬
gently, in the Wisconsin measure. The fundamental
plan of a proper Utilities law, he said, must be that
there “shall be no rebates, discriminations or
prefer¬
ences of
any kind between users taking service under
similar conditions at the same
time; that all costs of
ownership and operation shall be honestly stated, and
that the margin allowed for the
profit of operation
to
shall be reasonable.”
June 8
THE CHRONICLE.
1907.]
1331
pick out such districts as he chooses. Nat¬
existing conditions will show that the people have urally, he will select those where he supposes the
suffered as much, if not more, from the burdens of un¬ largest number of ordinary errors against himself
economic conditions, self-imposed, by demanding might have occurred; those would, obviously, be the
short-term and competitive franchises than from any heaviest McClellan districts. Thus the defeated can¬
other single cause.” The Wisconsin measure, he didate is allowed to review such portions of the elec¬
thinks, satisfies requirements by providing an indeter¬ tion as are most likely to be for his advantage, and
minate franchise, namely, “an exclusive and perpetual leave unremoved whatever doubt exists in all the
franchise, to be enjoyed during good behaviour others. On the other hand, if the Mayor wants any
only”
.
“So long (he adds) as a utility operated districts recounted which Mr. Hearst does not select,
under it gives the people an efficient service at reason¬ he must give a bond for all costs as a guaranty that
able prices there will be no reason for taking the busi¬ the result will not be changed—that is, if a recount
does not change the result, the Mayor must bear the
ness out of the hands of the corporation operating it;
This is plainly one-sided and
when that condition ceases, the people will have the costs of the process.
unfair.
Moreover,
as
to the future, we should re¬
means and the power to at once take possession of the
utility and operate it for their own account.” Un¬ member that if a defeated candidate who is wealthy
regulated public ownership and operation under enough and unscrupulous enough can disturb an elec¬
monoply conditions he considers a demonstrated fail¬ tion eighteen months past, there will be set up a prece¬
ure, but
private ownership and operation under dent which is big with confusion and mischief.
Further, he said, “an intelligent analysis of past and
.
.
monopoly conditions and an effective system of State
regulation he declares to be the correct method of
securing adequate service at reasonable rates.
The worst feature in the New York law he
considers
grant of arbitrary powers and the abandon¬
of the fundamental triumph of modern civiliza¬
to be the
ment
tion—adjudication of differences by review and de¬
cision in courts.
This abandonment is
so
remarkable
perusal of the New York law as it stands is almost
enough to take one’s breath away with astonishment.
As we remarked last week, the way has been so pre¬
pared by successive pieces of aggressive legislation that
what nobody would have dared to propose five years
ago is now rushed through to enactment without
causing any real public attention.
On Wednesday, representatives of several railroads
urged Governor Hughes to withhold approval from the
2-cent bill, arguing that the Commission under the
Utilities law “could make the thorough investigation
of the subject which they said should precede a fixing
of rates.”
But representatives of the Commercial
that
a
Hearst to
satisfactory feature just now is the fact that in
numerous instances railroad earnings are showing very
exceptional amounts of gain, both in gross and net, as
compared with the corresponding dates last year.
Perhaps overmuch should not be made of these gains,
inasmuch as they follow from the fact that comparison
is with the period of the troubles at the coal mines in
1906.
Nevertheless, a change from the unfavorable
A
preceding is decidedly welcome.
During April of last year, mining in the anthracite
regions was completely suspended and the idleness was
continued through the early part of May. The anthra¬
cite roads, therefore, at that time sustained very seri¬
ous losses from that cause, and naturally the gains
this year for these roads are proportioned to the pre¬
vious loss.
In addition there was partial or complete
suspension of mining in the bituminous fields in many
different States throughout the country.
This year
there has been no interruption to mining and as a
consequence the coal traffic has been of normal pro¬
Travelers’ State Association and the New York State portions, resulting in large gains in traffic and revenues.
The feature of the returns that will have to be
Grange objected particularly to this, saying “that a
2-cent rate prevails in other States and it would take the watched closely is the expense accounts.
Owing to
Commission several years to investigate the subject.” the increases in wages and reductions in hours of
Meanwhile, we are left to assume, the “people” would labor and the higher cost of materials and supplies,
This mode of and of everything entering into the operating accounts
be denied the immediate relief desired.
arguing, which furnishes its own comment, is in line of the railroads, expenses are bound to rise whether
with the trend of legislation during the past probably traffic increases or not.
If the gains in earnings are
unprecedented legislative season. All over the coun¬ of very large dimensions, they will, of course, be
try measures hostile to corporations have been rushed sufficient to overcome the augmentation in the ex¬
throughf to be considered afterward. It may be that penses. If, on the other hand, they are of only
the courts will proceed, at leisure, to undo considerable of moderate proportions, there is reason to fear that
what has been done in such thoughtlessness and haste.
losses in net earnings may again be the outcome after
we have passed the period during which comparison
The recount bill is likewise of the same objectionable will be with the term of the labor troubles at the mines
character.
Of course nobody questions that the last year, which in certain cases extended way into July.
The Pennsylvania Railroad return for the month of
honest determination of elections is fundamental and
that no candidate can be so bad but that keeping him April, issued the present week, furnishes a striking
out by juggling with the ballots lawfully cast would illustration of the part played by augmented expenses
The Pennsyl¬
be ultimately worse than any mischiefs he could do. in offsetting gains in gross earnings.
vania
is
the
largest
system
coal-carrying
in the United
Yet the recount bill now pending is not objectionable
merely because, as we have already pointed out, the States and following its loss in coal traffic last year
ballots have been so handled since the election day in there is a gain this year in its gross earnings for the
1905 that any conclusive determination now is im¬ month of April on the lines directly operated East of
possible; the bill itself is vicious and dishonest. As Pittsburgh and Erie in the large sum of $3,121,200,
the “New York Times” of yesterday says, it does not but this was attended by an increase in expenses of
i
pretend to make a full recount, but authorizes Mr. $2,710,900, leaving the improvement in the net only
returns
of the months
On the lines West of Pittsburgh and Erie,
with an increase of gross for the month of $1,297,400,
there has been an addition to expenses of $1,127,300,
leaving only $170,100 gain in net. For the combined
lines, therefore, the result is that with $4,418,600 im¬
provement in the gross, the addition to the net has
been no more than $580,400. In the same month
last year there was a slight decrease in gross with an
increase of $321,500 in the net.
For the four months
ending with April 30 the result is yet more striking.
For this period net earnings the present year for the
combined lines actually show a falling off of $262,900,
though during the same four months gross earnings
made a gain in the large sum of $7,599,000.
In the
following we show the gross and net earnings for the
last six years for the lines East of Pittsburgh and Erie,
being the only portion of the system for which we have
the data for such a comparison.
$410,300.
Lines East of
Pills burgh.
1907.
1900.
1905.
1904.
1903.
$
$
s
8
s
April
Gross earnings 1.1.370,388 10,249,188 10,789,288 10,308,277 10.767,577
Oper. expenses 9,986,232 7.275,332 7.719.232 7,054.098 7,042,298
Net earnings
3,384.150
2,973,856
3,070.050
3,314,179
3,725,279
1902.
S
9,099.077
6,072,998
3,020,079
Jan. 1 in April 30—
Gross earnings. 50,573.929 45.607,029 39,144,029 30,811.979 38,702,879 33,921,879
Oper. expenses 39,104.550 33,580,950 30,688,057 29,012,285 28,592,085 23,458,885
_
Net earnings
There
11 .409.373 12.026.073
8,450.572
7,799,094 10,110,794 10.402,994
months.
was no
in the German Bank rate and the tone in Paris
LXXXIV.
Lenders of money
for longer maturities were
unwilling to make concessions in rates, and conse¬
quently little business was reported.
Money on call, representing bankers’ balances,
loaned at the Stock Exchange during the week at
234% and at 1^%, averaging about 2%; banks quoted
13^% as the minimum and trust companies were not
lenders.
On Monday loans were at 234% and at 234%
writh the bulk of the business at 2J4%.
On Tuesday
transactions were at 2% and at 1J4% with the ma¬
jority at 2%. On Wednesday loans were at 2% and
at 134% with the bulk of the business at 2%.
On
Thursday transactions were at 2% and at 1M% with
the majority at 2%.
On Friday loans wTere at 2J4%
and at 1%% with the bulk of the business at 2%.
Time loans on good mixed Stock Exchange collateral
were quoted at 3@334% tor thirty to sixty
days,
434% for ninety days, 4J4@5% for four to
six months and 5J4% for over-the-year.
Com¬
mercial paper is 5% for sixty to ninety day en¬
dorsed bills receivable, 5% for four and 534% for six
months choice single names and 6% for good paper
for this period of maturity.
The Bank of
England rate of discount remains un¬
changed at 4%. The cable reports discounts of sixty to
ninety day bank bills in London 354@3J4%. The open
market rate at Paris is 324% and at Berlin and Frank¬
fort it is 424%.
According to our special cable from
London, the Bank of England lost £462,743 bullion
during the week and held £34,774,367 at the close of
the week.
Our correspondent further advises us that
the loss was due to heavy exports to Paris.
The de¬
change in official rates of discount by
any of the European banks this week; compared with
last week, unofficial, or open market, rates were %
of 1% higher at London, 34 of 1% at Paris and 34 of
1% at Berlin and Frankfort. The London securities
market, at the close of the week, was unfavorably in¬
fluenced by liquidations on Continental account; the
Berlin Bourse was affected by rumors of a probable in¬ tails of the
crease
[VOL.
THE CHRONICLE.
1332
follows:
movement into and out of the Bank were
Imports, £19,000 (wholly bought in the
heavy.
open market); exports, £496,000 (of which £481,000
The striking feature of last week’s statement of the to
Paris, £10,000 to South Africa and £5,000 to South
New York Associated Banks was an unexpected in¬
America), and receipts of £14,000 net from the interior
crease of $13,541,600 in loans, which contributed to a
of Great Britain.
gain of $15,554,100 in deposits, and, consequently, to
an augmentation of $3,888,525 in reserve requirements.
The foreign exchange market was strong this week
The cash gain was $982,100, but the surplus reserve and the
highest rates for the year were recorded
was reduced by $2,906,425, to $12,782,450.
The bank for sight sterling and cables on Friday. Consider¬
statement of this week should reflect, among other
ing the fact that usually, when gold exports to Paris
items, the withdrawal of $7,100,000 gold for shipment as an arbitration operation are in progress—involving
to Paris and the transfer of $500,000 to San Francisco-, the
drawing of cables against credits established in
and other movements.
London, and the sale of such drafts for the reimburse¬
The cash reserves are at the maximum of the year; ment of shippers of the metal—rates for sight and for
balances of trust companies, which these institutions cables decline in response to offerings of the latter;
cannot employ to advantage because of the low rates therefore, the rise in such bills this week, when exports
for money, are left by the companies in the banks of $7,100,000 gold have been made to Paris, through
and pressed for use by the latter. The inactive specu¬ arbitration operations, is remarkable.
One reason
lation and discouraging prospect for improvement which is suggested for this extraordinary circumstance
tend to limit outside trading to such an extent as to is that some bankers who have been participating in
compel commission houses who have accumulated the gold-export movement have probably employed
time loans in the expectation of thus providing for the the credits that have been established, as the result of
needs of their clients to compete with the banks in such movement, for the settlement of their obligations,
the call-loan branch of the market.
Day-to-day while others may have loaned these credits on the
money was almost unlendable this week, and there London market, thus taking advantage of the rela¬
was no inquiry for short-term contracts because of the
tively higher rates for discounts at the British capital
pendency of the distribution of the proceeds of the than for money in New York. This may possibly ac¬
redeemable 4% bonds of 1907, payment for which will count for the absence of offerings of cables against
begin on July 1. It seemed likely that the supplies of credits. It may be that the urgent demand for re¬
funds resulting from such payments would be ample mittance and the very meagre supply of bankers’ bills
for all requirements, at least until the beginning of the have caused cables, which were drawn in connection
crop-moving season, and therefore there was little with gold exports, to be promptly absorbed in the
disposition to borrow for any period less than four market; the coincident demand for sight sterling for
was
as
naturally be reflected in the market
for cables, thus contributing to an advance in such
drafts. The underlying cause for the strength in
exchange is the limited offerings of bills. Usually at
this period of the year bankers draw long sterling in
expectation of obtaining cover therefor from the pro¬
ceeds of exportable commodities; the crop outlook is
now so uncertain as to make such operations some¬
what hazardous.
Comparatively tense discounts
abroad and low money rates here induce bankers to
refrain from drawing upon their balances; therefore,
the prevailing high exchange does not attract offerings,
but, on the contrary, rather encourages remittance.
The demand for bills is this season quite urgent
because of the extraordinary inquiry incident to
tourists’ requirements for letters of credit and also on
account of expenditures by Americans temporarily
residing abroad. It is suggested, too, that, owing to
the greatly increased imports and the falling off in
exports, especially of commodities, the international
trade balance is less favorable; indeed, taking into
account the so-called ’’invisible” adverse balance,
which must have been greatly increased in this fiscal
year, it is claimed that an indebtedness would be shown
in our international trade, which is probably now being
liquidated.
Another factor contributing to the
strength of the market this week was selling by London
bankers of American securities, partly because of the
development of discount tension and also by reason of
the discouraging railroad situation.
In addition to
the demand for remittance to pay for these securities,
there was an inquiry by our merchants for exchange
for the settlement of commercial indebtedness, ad¬
vantage being taken of the extremely low rates for
money to effect such adjustments.
The engagements of gold for shipment to Paris
this week amounted to $7,100,000, making a total of
$10,400,000 since the movement began on May 28.
Nominal quotations for sterling exchange are 4 84}^
for sixty day and 4 87% @4 88 for sight.
The market
was quiet on Saturday of last week, and, compared
wth the previous day, long was 20 points lower at
4 S350@4 8355, short 5 points at 4 8675@4 8680, and
cables 5 points at 4 8725@4 8730. On Monday the tone
was steady, and while long was 20 points higher at
4 8370@4 S375, short and cables were unchanged.
On Tuesday long fell 10 points to 4 8360@4 8365,
short rose 5 points to 4 8680@4 8685 and cables were
unchanged. On Wednesday short advanced 5 points
to 4 86S5@4 8690 and cables 5 points to 4 8735@
4 8740, while long was unchanged.
On Thursday long
rose 10 points to 4 8365@4 8375, short 10 points to
4 8695@4 87 and cables 5 points to 4 8740@4 8745.
The tone was strong on Friday at an advance of 10
points all around.
The following shows daily posted rates for sterling
exchange by some of the leading drawers.
The market closed
remittance would
^
\
Fri.,
Thurs.,
Wed.,
Tucs.,
Mon.,
31. June 3. June 4. June 5. June G. June 7.
Fri..
•
May
/60 days14 84 4
\Slght__ 4 87 4
100 days 4 84 4
Baring.
& Co
\Sight__! 4 874
../GO days; 4 844
Bank British
North America.. ..\Sight.. 4 874
Bank of..
J 60 days 4 84 4
Montreal
__\Sight.. 4 874
Canadian Bank
j60 days 4 844
of Commerce.... ..ISicht.. 4 874
Heldelbach, Ickelj 60 days 4 844
Sight.. 4 774
heimer <fc Co
Lazard
j'60 days 4 844
Freres
.-iSight-. 4 874
Merchants’ Bank
jGO days 4 844
of Canada
__\Sight__ 4 874
Brown
Bros. & Co
..
_.
_
.
.
..
..
__
J333
THE CHRONICLE
1907.]
June 8
844
874
844
874
84 4
874
84 4
87 4
844
874
844
874
84 4
874
S44
874
84 4
874
844
87 4
844
874
844
874
844
874
84 4
874
844
874
844
874
844
87 H
844
S74
844
874
844
874
844
874
844
874
84 4
874
S44
S74
4
874
844
874
844
874
84 4
874
844
874
844
874
84 4
87.4
844
874
84
.
S4 4
88
844
874
84 4
874
S4
87 4
844
87 4
84 4
88
844
88
4
874
84
Friday at 4 8375@4 8385 for
on
long, 4 87@4 8710 for short and 4 8750@4 8755 for
Commercial on banks 4 8345@4 8355 and
cables.
documents for payment 4 82%@4 84.
Cotton for
payment 4 82% @4 82%, cotton for acceptance
4 8345@4 8355, and grain for payment 4 83%@4 84.
following gives the week’s movement of money
and from the interior by the New York banks.
The
to
Currency
$8,804,000
$7,456,000 Gain
$1,348,000
815,000
647,000 Gain
168,000
Gain
$1,516,000
Gold
With Sub-Treasury
result is as follows:
operations and gold exports the
1907.
Banks’ interior movement as above.
Sub-Treas. operations <fc gold exports
_
Total gold
The
in the
$8,103,000
$9,619,000
Total cold and legal tenders
Week ending June 7
and legal tenders
Out
Net Change in
Bank Holdings.
oj
Into
Banks.
Banks.
$9,619,000
21,900,000
$S. 103.000 Gain
28.300.000 Loss
$1,516,000
$31,519,000
S36.403.000 Less
$4,884,000
6,400,000
following table indicates the amount of
principal European banks.
Silver.
Gold.
Total,
Gold.
Silver.
£
£
£
£
England..
34,774, 3G7
.
107,507 005
35.743, 000
Russia... 110,071, 000
45,523, 000:
Aus.-Hun
15,509, OOOi
Spain
32,319, 000'
Italy
Nethlands
5,330, 000
Nat. Bel"
3.1GG, 007
4,144, 000i
Sweden
France
_
—
-! 34 ,774,307! 33 ,565,371
39 ,033 ,297 147
11 ,914 ,000: 47
G 295 ,000,122
12 ,721 ,000! 5S
25 054 ,000' 41
4 ,947 ,400 37
.
5 ,020
.
....
..
Tot. week 400,088,23'.
Prev
,140,902 117 ,833.073
,057.000} 37 ,933,000
,300,000: 94 ,741.000;
,244,000' 40 ,500.000!
.130.000:
103.000
,200,400
,575.000
,900! 10 ,951,5001
1 .583 ,333:
bullion
June 7 190G.
June 6 1907.
Bank oj
Germany
Net Interior
Movement.
Received by
Shipped by
N. Y. Banks. N.Y. Banks.
1907.
Week ending June 7
4
,750,0001
4 ,144.000
,522,100:
,232.000
,879.000
Total.
£
33,505,371
42,578.354 100.411,427
12,045.000 50.578,000
5,572.000 100.313.000
12,850.000 59,410.000
24,150,000 39,286.000
3,963,400: 32,538.400
5.753,700! 11,275.800
4,848,000
1,610.000
3,879,000
1108,368,930)508,457,169 386.976,544 109,128.454 490,104.998
.week|400,393,767,108,591,799)508,985,500 386,991,408 109,425,883 490,417.351
THE STRIKE IN THE
TRANSVAAL.
episode of much potential importance has been in
progress for some weeks, on the other side of the world;
without attracting from financial markets the attention
which it has deserved.
Even in England, where£the
Stock Exchange watches the Transvaal gold-mining
securities with an interest which does not exist here,
the news of a strike at the South African mines has
apparently been received with a mixture of perplexity
and apathy. This, we presume, results in a measure
from the caution with which the Government and the
mining companies have given out the facts. It has,
indeed, been difficult until very recently to discover
exactly what those facts were. The mail at hand this
week throws some light on the subject, and opens to
the financial view an exceedingly interesting incident.
The white miners employed on something like 43
of the Johannesburg mines lately came into collision
with the managers on a question of regulations for the
work.
It does not appear that the question of wages
pure and simple cut any figure in the dispute.jJUnder
the system of mining pursued in the Transvaal, work on
An
white contractors, each of
has been accustomed to operate two of the drills
the mines is distributed to
whom
For opera¬
tion of these drills a certain allowance was made to the
contractors, not altogether dependent upon the amount
of ore turned out by them.
From this allowance, it
used to strike into the
deep-level rock.
the contractors were accustomed to pay the
wages of the native workers and the imported Chinese
coolies, through whom the rough work of the mines
appears,
was
conducted.
gathered from the somewhat meagre
details, the managers have been confronted with a
So far
as can
be
problem not unlike that which confronts to-day a good
part of the labor-employing community in this coun¬
try. Wages, so far as concerned the white laborers,
were at a high level; efficiency of work and value of
results did not appear to have increased in due propor¬
tion.
To what extent this may have resulted from
an unfortunate system of payment, it is impossible at
this distance to say. The problem was attacked by
the managers, however, through announcing to the
white contractors that hereafter, instead of operating
two drills, they should operate three for the same al¬
lowance of pay.
The white miners retorted that this
was equivalent to a substantial reduction in their
wages, and, supported by a strong and aggressive union
organization, many of them struck wTork. A cam¬
paign to break up mining throughout the properties
where such demands were made began, and has been
pursued with an obstinacy sufficiently familiar in our
experience with labor. Dispatches from the Transvaal
have contained such details as the
of
.
new
[VOL. LXXXIY.
THE CHRONICLE.
1834
mechanics brought into
forcible driving
away
the larger mines to re¬
place the striker^; the sending of 500 cavalry and 200
infantry from the Pretoria garrison to the Rand; the
erecting of barricades for the new workers, and the
tearing down of these barricades by the strikers; and,
in at least one case, the ordering of the cavalry to
charge on a particularly menacing group of strikers at
Johannesburg.
Thus far the incident conforms so closely to what
has happened in laboring circles elsewhere in the world
that it would of itself attract no special notice, espec¬
ially when it occurs in a young community of more or
less lawless instincts.
The particular interest of the
affair to the world at large lies in the unquestionably
great stake which markets have in maintenance of the
Transvaal gold production.
That this production
December its high-water mark—the
reached last
output then standing S3,000,000 above the best
-monthly production prior to the BocrWar—most peo¬
ple are aware. Since December, for various reasons
apparently not connected with the labor troubles,
production has slightly fallen off; but it was left for the
preliminary returns of last month’s production, lately
received by cable, to show how far the strike was liolding back the normal output of the mines. A decrease
of something like 8800,000 from the previous month
was estimated for May.
This is a sufficiently large decrease to draw atten¬
tion
to
the possibilities of such
situation,
a
if the strike
remembered, the gold market of the world
and the bank reserves of the great European institu¬
tions were disturbed and unsettled in a most unusual
degree. With the strain which has lately been in
evidence, both on capital and on the bank reserves
of the European and American institutions, repetition
of such an incident would hardly be welcomed.
We
it will be
presume that the stake of the mine-owners
in the markets is sufficient to make sure
any conditions they would prevent a
sion of this sort.
As matters stand,
is that
production will
not at a rate
soon go on
themselves
that under
general
suspen¬
the probability
at the old rate, if
still larger.
The incident, looked upon in a broader way, draws
attention rather strikingly to the part which cost of
playing in the entire industrial situation at the
present time. To what extent this factor is a deter¬
mining influence in the abnormal rise of prices of
commodities—which have now, according to most
estimates, risen to an average level not attained since
1877—it would, perhaps, be difficult to say; but that
the part contributed not only by higher wages, but
by the decreased efficiency of labor which, unfortu¬
nately, has accompanied it,is of material consequence,
nobody can doubt. In our judgment, this phase of
the industrial problem is in many respects the
labor is
most serious with
community
are
which the markets and the business
forced to deal.
There is
an
irony of
fortune in the fact that this same influence of increased
production should now have displayed itself
in the very article to whose depreciation in value
the rise in commodity prices has been very commonly
cost of
ascribed.
We do not propose to enter upon discussion of so
intricate a problem as the effect which increased cost
gold production, from the mine-owner’s standpoint,
might be supposed to have on the level of commodity
prices. The stand winch the Transvaal miners have
taken shovrs, however, that the problem of labor cost
is limited by no commodity and by no locality.
Of
one fact we suspect this situation in the Rand gives
some guaranty for the future. ' It can hardly be sup¬
posed that, after having been thus confronted with so
serious a possibility of trouble through lack of white
lab rers in the Transvaal, the British Government
will pursue a drastic policy regarding repatriation of
of
the Chinese coolies.
tion have been
What concessions in that direc¬
irrevocably promised by the British
Government to the Boers, and how far, if at all, the
Boers are bent on seeing the concessions carried out,
genuinely serious. At the
wre do not profess to know.
But the prosperity of the
dispatches from London and from the Trans¬
vaal appear to indicate that the acute phases of the greater number, which in this case means the main¬
tenance of the world’s industrial prosperity, is bound
trouble is over, and that even the white laborers are
in the long run to settle such questions.
resuming work on the terms of the companies. It is
moment
were
to grow
,
probable, therefore, that the episode will end with no
THE AMALGAMATED COPPER COMPANY’S
great disturbance of the general situation, and this
ANNUAL STATEMENT.
result is certainly to be hoped for. ’ That an outright
The annual statement of the Amalgamated Copper
embargo bn the South African mine output, even for
a limited period, would seriously embarrass the finan¬
Company comes at a time when more than the ordi¬
cial markets will readily be understood by people nary interest is taken in anything relating to copper
who recall the incidents of the Transvaal War.
From affairs, by reason of the uncertainty which seems to
a production of £16,700,000 gold during 1808, and a
exist concerning the immediate future of the copper
promise of a still larger output for the whole of 1899, trade and the slight shading in the price of copper
the Rand output, checked by the outbreak of war in which has recently occurred.
A study of the figures in
October of the last-named year, fell to £1,014,000 in this case leads to the conclusion that the outlook for
1901.
During 1906 it had risen to £25,000,000. the various copper companies must, on the whole, be
While this output was suspended in 1901 and 1902, regarded as assuring, even though some quite extensive
-
June 8
1335
THE CHRONICLE.
1907.]
and it gets only so much of the profits of the
constituent companies as are distributed in the shape
conditions that have ruled so
showing of profits, of course, is large, just as had of dividends by these companies. If, therefore, the
been counted upon, but the fact of most importance, subsidiary companies do not pay out the whole of
at least as disclosed in the case of the Amalgamated their profits, only the portion actually distributed
enters into the return of the Amalgamated Company.
Company, is that the dividend distribution has been
well within the line of profits, leaving a considerable The undistributed portion of the profits does not ap¬
margin to encroach upon, in case of trade depression, pear, but exists all the same. It follows that a full
before dividends become endangered.
Other attend¬ measure of the profits can only be obtained by con¬
ant circumstances, particularly in the way of economy sidering the income and operations of these subsidiary
Unfortunately, these companies, except
in operations and the arrangement for averting labor properties.
in the case of the Anaconda Copper Mining Company,
troubles, are also encouraging, as we shall see as we
extremely favorable
long in the trade. The
reaction should occur after the
cern,
proceed.
The paucity of the information furnished by the
Amalgamated Company is in sharp contrast with the
wealth of its mines. The present annual “state¬
ment” is in the same meagre and unsat isfactor}' form
as the two preceding “statements” of the same kind.
Indeed, so far as printed matter is concer.ied, the
statement is briefer than the preceding two.
Owing
to the shortening of the text, only two sides of a fourpage circular are covered this time, whereas last year
furnish
there
Of
was
course
printed matter
some
on
three of the four pages.
information is better than
tion, and after the complete absence
all for
so
many years
first of these annual
the
of
appearance
no
informa¬
figures at
in 1905 of the
any
“statements” marked
an
impor¬
in advance. But the hope at that time raised
that this was to be only a beginning, to be succeeded
by fuller and more comprehensive returns—in truth,
by an annual report in the complete sense of the word—
has been distinctly disappointed.
The managers of
this large industrial enterprise, occupying such a domi¬
nant position in the trade, have not seen fit to emulate
the example of the United States Steel Corporation.
The result is that all the facts and figures furnished
with reference to this company, with its outstanding
capital of $153,887,900, is embodied in the present
brief circular, which is merely an apology for an an¬
tant step
nual
report, containing as it does less
a dozen-line balance sheet.
than fifty lines of
text and
get regarding the profits of the company
balance sheet stating that
income for the year ending April 30 1907 was
All that
we
is in the one-line item in the
the net
$14,154,400. Another one-line item tells us that the
dividend payments were $11,926,312.
Still, these
figures are pregnant with meaning. They show in
the first place that profits or income exceeded by $2,228,088 the call for the 7%% dividends paid out of the
earnings of the twelve months. The $14,154,400
for the year, moreover, when contrasted
with the $9,161,537 net income of the preceding fiscal
net income
no
annual statements whatever.
It is thus
question to make up a statement indicating
profits has been. From
the report of the Anaconda property, however, it is
plain that the undistributed earnings must have been
large.
Even for the Anaconda Company the figures are
not for a period corresponding with that of the Amal¬
gamated Company, the fiscal year of the latter, as
already stated, ending with April, while that of the
Anaconda corresponds with the calendar year and ends
For the calendar year 1906 the Ana¬
with December.
conda Company shows net income of $8,842,669,
whereas the 23% dividends paid took only $6,900,000,
leaving, therefore, an undistributed surplus for the
twelve months of $1,942,669. The Amalgamated
Company is understood to own only a little more than
a majority interest in the Anaconda Company, and
yet, even on that basis, its share in these undistributed
earnings would be a full million dollars. In the case
of most of the other constituent companies, the
Amalgamated would be entitled to nearly the whole
of any undistributed surplus.
For, as is known, it
owns the entire stock of the Washoe Copper Company,
the Colorado Smelting (now the Trenton Mining &
Development) Company, and the Big Blackfoot Mill¬
ing Company, and all but a few shares of the Boston &
Montana and the Butte & Boston companies.
In the
Parrot Company, as in the Anaconda, it owns only a
majority interest. The importance of all this lies in
the fact that it shows that in the Amalgamated Com¬
pany^ figures the extent of the profits are only in
part disclosed, making it evident, therefore, that
besides the margin of income above the dividend pay¬
ments disclosed in its circular, there also remains the
margin of the subsidiary companies above their divi¬
out of the
what the real extent of the
payments to encroach upon.
It is hardly needful to say that the price of copper
has for some time been ruling at extremely high figures.
In the circular before us it is stated that the metal
dend
rose from 1834 cents per pound in December 1906 to
affords evidence of the advantage which the com¬
2531 cents in March 1907. In the circular for the
pany has derived from the higher price of copper.
The $2,228,088 surplus for the twelve months remain¬ previous year it was stated -that the price had risen
from 15Us cents in April 1905 to 1834 cents in December
ing above the dividend distribution is equal to about
1905.
Nothing is said as to what the average price
134% on the amount of Amalgamated stock outstand¬
realized during either period of twelve months was.
ing, and consequently, according to these figures, the
A decline of one cent per pound in the price of the
Amalgamated Company earned about 934% 011 its
metal would mean a loss of about 2)% million dollars
stock.
With copper at 25 cents a pound, such a rate of in the profits of the Amalgamated Company and its
This follows f^wnilhe statement
income does not look very big, and if the profits were constituent concerns.
limited to those shown in the present statement there in the circular that the companies owned wholly or in
would manifestly .be nothing to boast about.
As a part by the Amalgamated produced in theWlendar
matter of fact, the figures given are a very imperfect year 1906 from their own an>d custom ores\about
indication of what the earnings have actually been. 275,000,000 pounds of refincfa copper, of which the
The Amalgamated Company is simply a holding con¬ Amalgamated Company “received the benefit” from
year,
[Vol. Lxxxnr.
THE CHRONICLE.
1336
From the
report of the Anaconda Company we learn the terms of
these contracts.
They provide, it appears, for the
quotation is scale of wages in effect before November 1906 when
now somewhat below 25 cents.
Whether there is to electrolytic copper sells below 18 cents per pound
and an increase in pay when copper sells above 18 cents.
be any serious decline is purely a matter of conjecture
This arrangement would appear to be fair to both sides,
and dependent not alone upon prospective trade condi¬
and as the contract is for five years, the only possibility
tions in the United States, but also in the rest of the
224,000,000 pounds. A one-cent
this latter figure would be $2,240,000.
ening in the price of copper has not as
any very great proportions, though the
about
decrease on
The weak¬
yet reached
labor unions
covering
of trouble is in the
world.
a
period of five
years.
labor unions breaking the contracts
hardly likely.
From the Amalgamated Company’s balance sheet
posing that the average price for the late fiscal year
for April 30, it is seen that the company’s accumulated
was anywhere near 25 cents.
The present circular
or undistributed surplus now amounts to $11,4S3,782.
tells us that on April 30 1907 all the refined copper
that can be produced up to the coming first of July by This, of course, is entirely independent of the accumu¬
lated surpluses of the constituent companies. The
the various companies controlled by the Amalgamated
had been sold in advance. No information is vouchsafed greater part of the Amalgamated’s surplus is repre¬
sented by the loan of $7,350,000 made to the Washoe
as to the price, but this evidently must have been some¬
where near the figures lately prevailing.
On the other Company for the construction of the smelter plant at
hand, in last year’s circular, after noting the advance to Anaconda, already referred to. The aggregate of cash
and cash assets is also steadily rising, this for April 30
,183^ cents made at that time, the remark was added
1907 being $4,640,797, against $4,080,449 in 1906 and
that at this figure all the copper “since produced”
had been sold.
As the price was still quoted at 18^2 $2,756,759 in 1905. On the other hand, it is to be
noted that the May dividend, to be deducted from
cents in December 190G, it is obvious that for a good
these cash assets, is now larger than in the earlier years,
part of the year this was the price obtained, and not
the call on that account for May 1907 being $3,077,758,
25 cents a pound.
There are two other encouraging features as far as against $2,693,038 in 1906 and only $1,538,879 in 1905.
the future is concerned, namely the economies of oper¬
ENLIGHTENING THE PUBLIC MIND.
ation made possible as the result of the extensive im¬
In the present distressing state of affairs, when
provement work undertaken in recent years and the
satisfactory agreement made with the miners with politicians, newspapers, the National and the State
reference to wages.
Nor should reference be omitted legislatures and Government officials appear to be
to the saving in expenses which has followed from the vying with one another to see which can devise
schemes most inimical to corporate interests and to
settlement effected a year ago of the extensive litigation in which the various properties had been involved capital and accumulated wealth, it is pleasing to note
some incidents of the other kind.
It is pleasing to
so long.
Indeed, a good part of the remarks in both
last year’s circular and this year’s was devoted to set¬ observe that there are not wanting men who have the
ting out the benefits flowing from this latter feature. courage to stand up and seek to stem the tide, and who
are conscientiously engaged in attempts to enlighten
As regards the improvements made, we have on several
occasions alluded to the extensive concentrating and the public mind and to warn it of the consequences
that must inevitably follow from a continuance of the
smelting works constructed at Anaconda by the
It is particularly gratifying to find
Washoe Copper Company at an original cost of over present course.
at the various State Banking Conventions which are
$9,000,000. At these works are treated the ores of the
so frequent at this season of the year strong expressions
Anaconda, the Washoe, the Parrot, the Colorado and
the Butte & Boston mining companies. The result of disapproval of the movement and of its folly.
of this outlay has been a great reduction in the cost of Banking institutions in the remoter part of the country
treating crude ore. During the past year, the blast have on occasions been accused of sharing in the feeling
furnace as well as the reverberatory and calcining fur¬ of enmity against so-called Wall Street domination.
Hence it is a development of some importance that
naces in the smelting works at Anaconda were further
be growing evidence of a sentiment
enlarged. Some idea of the capacity of these works there should
will appear when we say that upwards of 10,000 tons adverse, not to property rights, but to anything that
of ore are now treated there daily.
The ores of the savors like hostility to the same.
We have been particularly impressed by the remarks
Boston & Montana Company are treated at the latter
made by President C. A. Beasley in his annual address
company’s own smelting plant at Great Falls, and as
last week before the Texas Bankers’ Association in
these reduction works have been taxed to their utmost
Mr. Beasley
in handling the output from its mines, arrangements convention assembled at Corpus Christi.
have been concluded whereby the tonnage of ore which is President of the American Bank & Trust Co. of
Houston, Texas. After pointing with pride to the
can be treated daily by these works will be increased
wonderful progress which Texas has made and ex¬
by 1,000 tons. This step, we are told, will require the
building of an entire new section in the concentrating pressing the opinion that that State is becoming to
the Southwest what New York is to the Northeast,
department, a general increase of facilities in all of the
other departments and the erection of a smokestack he cautioned against doing anything that would tend
to prevent continued growth in the future.
To his
500 feet in height and having a diameter of 50 feet.
mind the greatest danger that confronts Texas and its
Satisfactory labor arrangements are, of course, of
future is ill-advised legislation. He did not speak for
the utmost importance, for trouble at the mines means
when he made the assertion; on the
both a stoppage of work and an addition to the ex¬ bankers alone
Contracts were recently entered into contrary, he thought he voiced the sentiment of hon¬
pense accounts.
by the various mining companies with the different est, conservative men of every class—the farmer, theThe mistake must not
.
be made, however,
of
sup¬
—which
we
should judge was
111
-
:
"1
■
nasiaBE
—
a ■—
"
■
1
1337
THE CHRONICLE.
1907.]
1
June 8
merchant, the mechanic, the laborer, and the toiling who built the railroads and the people who own the
millions who must be idle when capital is driven into bonds, because the interest on the bonds must be paid,
vaults and depositaries and remains unemployed. He and they are safe—the stockholders are dependent
well said that the spirit of Socialism that manifests upon the earnings of the road to pay dividends, and to
itself in some sections of the Union is alarming to this end must build up the business of the railroad.
He reminded the bankers before him that it is not
thoughtful men. He did not mean to defend illegiti¬
forward in the great advance of business
unless you can distribute your manufactured goods
the right of every man to and bring to you the raw material. Continuing he
and ventures, by which some men have
accumulated millions, but he did condemn any propo¬
mate schemes
sition that puts a limit upon
utilize his talents and labor in the
possible to
go
accumulation of said:
Take the Southern Railway, one of the greatest
he exercises that right honestly and
legitimately. Were it otherwise, there would be no builders and developers of your country, making land
worth $50 an acre which formerly was not worth 82.00
incentive to industry, either mentally or physically.
—giving employment to thousands of men along its
We wTould become a sleeping nation. He argued earn¬
lines, and in fact, taking the spindles from the northern
estly in favor of greater care in the selection of repre¬ extremity of the Eastern States (where they never
did belong) and bringing them to the Southern States,
sentatives for the Legislature.
A few weeks before, a very sensible address on the where grows the raw material and where properly the
cotton mill should be located.
To me it seems a
same subject was delivered before the annual conven¬
marvelous thing that the very people whom this rail¬
tion of the Mississippi Bankers’ Association at Gulf¬ road
put on their feet in prosperity should now stand
port, Miss. This was by Captain J. T. Jones, of the by and cheer whenever the Legislature goes to work
Gulf & Ship Island Railroad.
He advised the assem¬ and changes its own contarct and then, almost with¬
bled bankers that now was the time for them to use out consulting the men interested, say “You do not
own this railroad.
The public owns it.”
the very best and most conservative judgment of
The men who conceived and built the road and paid
which they were capable, for here, in the greatest pros¬
for it do not even own it—the public owns it!
A
perity , we find ourselves .in the midst of a semi panic. greater fallacy never existed. It may catch votes the
What could Providence do for this country more than first time, but will it catch votes when the railroads
she has done? She has given us the greatest crops of are shut down and mouths go hungry! Will it catch
votes when the men are out of work, the children go
cotton, corn and wheat, and the greatest output of
half naked and half starved?
I have seen this state of
minerals and ores, that we have ever had.
Never was affairs several times in my life and I tell you it is a sad
a country so blest on earth as this one.
The crops sight and not soon to be forgotten.
These are the things that alarm us—to see the people
were so abundant that with all the facilities of those
awful wicked railroads, we could not begin to carry all over the State turning against the very greatest
benefactors that the State has ever known.
And yet
them. This year was the first he ever heard of fur¬
the power of man and the wickedness of man has
nishing something out of nothing—or that the way to brought this state of affairs upon us.
build up a railroad and thereby improve the condition
This is good, sound, sensible advice and it cannot be
of the country was to blackmail the railroads out of
too strongly impressed upon the minds of those who
existence; to cut away from them their reputation and
do not recognize or appreciate that in seeking to under¬
character, and still expect them to carry on the busi¬
mine those whose wealth and capital is invested in rail¬
ness of the country.
roads and in the other industrial agencies of the day,
He pointed to the dangers threatening from the
attitude of labor. He said the other day a party of they are paving the way for their own destruction.
When capital is withdrawn from enterprise, when the
railroad employees waited on the management of his
investor refuses any longer to put his money in stocks
road and demanded a 10% increase in wages, threaten¬
and bonds, the day is near when industrial paralysis
ing to strike in case the demands were refused. Con¬
will extend over the whole length and breadth of the
ditions were explained to them and they were told that
railroad troubles had just commenced, and no one land, involving all in ruin—whether farmer, or planter,
wealth,
so
long
as
could tell where they would end, but the men persisted
in their demands and the railroad,-appreciating what
delay in deliveries would mean to the sawmill and
other business interests served by the road, yielded.
As a result of reductions in hours and advances in
this little road finds that whereas last year its
pay-roll was $02,000 a month, now it is $95,000 with
only a few more men on the rolls. In view of these
facts, Captain Jones is moved to ask how a railroad or
business interest can stand such a state of affairs.
He estimated that the recent stock market crash
involved a loss of over a billion and a half.
Some one
had to stand this loss and yet we hear the argument
“We do this to protect the innocent stockholders.”
Captain Jones said he had never yet found a politician
who could show him a letter from any man who held a
share of stock.
For himself he did not like these med¬
dlers—if he wanted to have his stocks or bonds pro¬
tected he would write some one in position to help and
He answered the question
urge him to protect him.
“Where are these stocks?”
They are held by the men
wages,
or
wage-earner.
COTTON ACREAGE AND CONDITION
JUNE 1 1907.
hardly needs to be stated that in making this
spring our annual investigations into the condition
It
confronted by a situation
quite in contrast with that of a year ago. Last season,
as our readers will probably remember, we were able
to draw more definite conclusions as to the outlook
than is usually the case; for, while there was not entire
freedom from adverse conditions, the favorable weather
of late May had put the cotton plant into such shape
by the 1st of June that a fairly normal summer and
of the cotton crop, we are
fall seemed to
assure a
good yield.
and condition data pro¬
and first week of June are
subject to the possibility of material correotion later
in the season.
The early spring was quite generally
This year cotton acreage
cured the latter part of May
more
work
propitious than in many recent seasons, and
was begun promptly and for a time carried on
[Vol. Lxxxnr,
THE CHRONICLE.
1338
expeditiously. But abnormally low temperature in
April and early May over pretty much the whole
South put a check on farm operations and develop¬
ment of plant from which there has been only partial
recovery under recent slightly better conditions.
The
crop, therefore, is no doubt a backward one—in fact,
averaging for the whole area probably among the
latest in germinating we have ever had to record, and
extensive replanting has been necessary.
From this
it does not of course follow that the season's yield will
not be a good one, but it leaves the crop much more
susceptible than usual to any unsatisfactory con¬
ditions of weather that may develop during the sum¬
mer.
Under the circumstances, therefore, it seems
right that we should add that no effort has been spared
to get at the facts as to development so as to pre¬
sent in this report the status of the crop as nearly as
possible as it stands to-day.
Before proceeding to a consideration of this year's
planting, however, it may be well to refer briefly to
some of the salient features connected with the last
crop.
In the first place, the wisdom of the Southern
planters in freely increasing acreage last spring, and
thus bringing the area up to approximately what it
was two seasons previously, has been fully vindicated
by the course of events. Every pound of the cotton
raised has found a ready purchaser at highly remupprative prices to the producer, and, while all of it has not
been needed to supply consumptive requirements, the
portion not actually used has been a welcome addition
to the world’s previous surplus.
For, with consump¬
tion steadily increasing and the United States the main
contributor of the
raw
material,
a
few hundred thou¬
other
authorities.
We have
never
been dogmatic
enough to assert that the results are absolutely correct,
but we have claimed, and do now maintain, that they
indicate the tendency as closely as it can be arrived
at short of an actual census.
We should therefore be
permitted to entertain and express a feeling of satis¬
faction at the confirmation our acreage and condition
results for last spring have received.
The investiga¬
tions we then made seemed to warrant us in restoring
the area to the total planted in the big crop year
(1904-05), every antecedent fact appearing to justify
that course.
But when we learned that the Depart¬
ment of Agriculture had placed the area at. 28,686,000
acres against its total of 31,730,371 acres two years
previously; we decided to look into the matter further
to learn whether any error might have crept into our
compilation. As a result of that further investigation,
and as announced in our annual crop report last Sep¬
tember, wTe found no warrant for revising the figures;
on
confirmed in the belief that
of increase reached by us—9.54%—
the contrary, we were
the percentage
indication of the tendency last spring as
could be arrived at.
was as
true an
The acreage this season we are not permitted to
doubt has been further increased.
In view of the con¬
planting and replanting, no other
result could have been looked for. This is so notwith¬
standing that, in consequence of adverse weather, the
measure of the addition is probably not as great as
originally intended. The full and increasing con¬
sumption of cotton, and therefore the demand for in¬
creasing supplies from this country, coupled with the
very satisfactory prices for it, furnished the needed
incentive. Efforts to curtail or hold down the area
would under such circumstances be vain. Every
cotton-growing State reports a heavier planting than a
ditions at the time of
and then
is no menace.
Speaking of consumption, the increas¬
ing use of cotton is one of the current gratifying events;
for, although the present drift is for goods of finer year ago, the increase running into high percentages
From this enhanced area it is
texture and lighter weight, and therefore requiring in the newer territory.
-less cotton to the yard, more raw material is used of course impossible to even surmise what will be the
yearly; clearly proving that new uses for America's product. As already pointed out, this spring has been
less favorable in most of its aspects as regards cotton
great product are constantly being found.
Events have also proven the falsity of the contention than many that have preceded it; but whether the un¬
that important additions to cotton area at the South favorable features will be largely or wholly nullified
could not be made and the crop receive proper atten¬ by future satisfactory conditions is merely an idle
tion, owing to scarcity of labor. Doubt on that point speculation.
The fact standing out prominently is that a pretty
is expressed again this year as it was last year and had
The cotton goods trade
been previously, and with just about the same modi¬ full crop seems to be needed.
cum of fact for a basis.
There is undoubted need for is, speaking generally, in excellent shape now, with
mills in many quarters engaged well into the future.
an influx of labor at the South, and every legitimate
Large additions to spindles have recently been made
means has been and is being used to induce it with a
and
are now in progress of being made, and further
fair measure of success.
But we have written so much
additions are in contemplation. The Southern planter
on this point heretofore that it is referred to in passing
merely because it is one of the incidents inseparable should therefore feel quite sure that his product, what¬
from any investigation of spring planting at the South. ever it may turn out to be, will be wanted, and at
For this result,
We believe, however, that notwithstanding all the prices eminently satisfactory to him.
reports of an apparent shortage of labor, the crop now moreover, he will have his own foresight and the de¬
developing will receive all needed attention during mand for goods to thank, and not the professional
the growing season, and it will not be on account of agitators who pose as his advisers; who, in advising
lack of hands to pick it that the cotton will not all him to decrease area in the face of increasing require¬
ments," would almost seem to have axes of their own
be gathered.
There is just one other point with regard to the crop to grind.
Contusions.
of 1006-07 to which, in justice to ourselves and to
From the details by States given on subsequent
our readers, brief
reference should be made, and
that is the area planted as we reported it.
It is no pages, we sum up our conclusions briefly as fol¬
sand bales added to the reserve
doubt
are
in
supply
now
well known that the investigations we
make
entirely under our own auspices, being independent
every respect of the compilations of any and all
lows b
have intimated above,
the South this year has been quite
FIRST, Acreage.—As
the inclination at
we
JtTNE 8
1339
THE CHRONICLE.
1907.]
killed or damaged, and where planting was carried on
generally in the direction of extending cotton area,
but the tendency has been modified somewhat by the during the cold period germination was seriously
adverse weather conditions under which planting was arrested. The result of it all has been that a large
amount of replanting has been necessitated, and in
largely carried on. For that reason, notwithstanding
the incentives to a full planting everywhere—high many cases seed had to be put in a third time before
a stand could be secured.
Some of the latest plantings
prices and unprecedented demand—it is only in newer
territory that we find any really important additions. are not yet up. Latterly, or, to be more exact, since
Oklahoma, which showed an increase of 18% last year, the middle of May, the weather has been a little more
adds 20% this season, and in the Indian Territory the favorable to development, but heavy rains occurred
addition of 20% in 1906 is supplemented by an aug¬ the last week of the month in many localities.
(2) Cultivation is now fairly satisfactory where
mentation of 11% this year. The bringing of virgin
soil under cotton in sections of Western Texas has the plant is far enough along to be chopped out, but
served, moreover, to give that State a good percentage excessive precipitation the, last week of May left fields
of gain.
As we make it, the net increase for the whole in many sections quite grassy. Further efforts to
enrich the soil and thus add to its productiveness is
country is 4.82%, against 9.54% last year. The
changes, as we have made them for each State, are to be found in an increasing use of fertilizers this season.
shown in detail in the
Georcria
Florida
Alabama
Acreage.
35,359;
Mississippi
(
Increase.
1900.
j
2 per cent j
3 per cent ‘
2 per cent j
2 per cent
3,556,645;
4 percent :
£\
| 1.664,683:
3
7
3
1
Acres,
\
I
1907.
35,359
!
j 1,156,116
j 2,554,244
j 4.464.892
j
j
4 percent
percent
t 8,873,203
per cent
1.915,404*
percent
'
|
784,868;
percent
j 1,032,758 11 percent
779.954, 20 per cent
63,996, 2 per cent
Louisiana
Texas
Arkansas
Tennessee
Indian Terrltoiy
Oklahoma
Decrease.
;
l,133,447i
2,479,849
j 4,377,345!
316,613
I 4,543,120;
>
.....
Estimated for 1907.'
1
!
Vlrglnla
North Carolina
South Carolina
use
is noticed mainly in
sections east
Mississippi River, and particularly along the
other districts there has
been a tendency the last few vears toward fertili¬
of the
i
States.
The increased
following:
1 .1
!
322,945
4,724,845
! 3,698,911
I 1,714,623
• 9,4v»4,327
; 1,972,865
;
792,717
Atlantic seaboard; but in
also
zation.
Condition of the plant is at this date rather below
(3)
the average, although in some sections under the more
favorable weather recently prevailing an improvement
succession of favor¬
ing weeks is needed to bring the plant up to a good
\
Missouri
j
condition. Lateness in itself is not a serious drawback
Total
31.557,242 4.82 percent'
..4 33.079.425
except in the case of early frost. In fact, it is a matter
This compilation shows that there is a net increase of history that good crops have often been made off
compared with 1906 of -4.82%, the total acreage of late ones. Still that does not prove anything.
Our summaries by States are as follows:
reaching 33,079,425 acres in 1907; against 31,557,242
VIRGINIA.—The start of planting in Virginia tlr's year
acres in 1906.
We add the acreage for previous years
later than in an average year, little or nothing being
for comparison, giving at the foot of the table not only
done until near the close of April.
Work, however, was
the acreage but the total crop for each year, with
completed about May 25th, or at practically the same time
the percentage of increase or decrease in area or pro¬ as a
Germination was interfered with until after
year ago.
duction compared with the previous year and the the middle of May by cold weather, so that the crop had a
late start, but on the whole seed, where up, has started
product per acre.
fairly well. An unimportant amount of replanting has
COTTON ACREAGE FOR THE YEARS NAMED—(000s omitted.)
.
1
i
!
._
is noticeable.
Without question a
1 1,146,359
|
935,945
j
65,276
.
-
was
May was, as a rule
recently having in the main
favored the development of the plant.
Stands, where
secured, although more backward than the average, are, as a
rule, fairly good, and a continuation of present weather
should insure a good stand from the seed now coming up.
Cultivation would seem to have been properly attended to.
Acreage.—The area under cotton in Virginia is decidedly
limited and the year's planting seems to have been confined
to an acreage identical with that of 190 ).
That is, no ap¬
parent change lias been made. Fertilizers have been used to
been done.
1906-07
■
Virginia
North Carolina
South Carolina.JjGeorgia
Florida
Alabama
—
Mississippi
Louisiana
Texas
.
Arkansas
34
37
34
1 .079
1.241
2,659
4,546
1,118
2,417
4,170
2,480
2,339
4,377
317
4,091
4,543
3,557
1 .665
8,873
1,915
4,168
3.2 *4
1,541 7,923
1,807
780
64
Total acreage
Total production.
Increase In acreage
increase In production
Product per acre, lbs
1903-04
35
1,033
Missouri, &c
1904-05
1,133
783
Tennessee
Indian Territory
Oklahoma
1905-06
31,557
9.54 %
....
32
1 ,075
2.324
3,972
328
318
295
3.911
3,348
1.560
8,131
1 ,964
3,622
3,219
1,530
7,599
1,832
732
765
469
59
690
637
397
56
28,996
10,124
6.21 %
n5.89 %
27,300
10,758
841
740
861
661
58
956
726
66
32,364
13,557
%il 1.62%
010.99
016.50 %
192
more
4,342
3,683
1 ,732
9,106
2,101
302
28,808
11,320 1
1902-03
33.9 %
207
169
a2.06%
0.53 %
192
'
about the same extent as a year ago.
CAROLINA.—Preparation of land for crops was
satisfactory conditions this spring,
the unusual high temperature for the time of year which pre¬
vailed in March greatly favoring out-door work.
But in the
succeeding month—April—temperature was much below the
normal, with frosts at dates later than the average. This
militated greatly against the getting in of seed promptly and
this adverse situation was aggravated by too much rain.
As
a result, planting not only started later than usual, but was
not finished until the close of May, against about the 15th of
that month in 190b.
Early-plant-ed seed came up poorly,
as a rule, and much was killed by frosts.
Later sowings and
and
May,
however, while
replantings, those of late April
germinating slowly, started off fairly well, but there is still
some seed to come up.
Replanting rather more than usual
Weather conditions the
is ascribed to frost, rotting, &c.
first half of May were much as they were in April, retarding
growth, but since then more propitious conditions have
fostered favorable development and a consequent improve¬
Subject to qualifications stated above,
ment in the outlook.
stands are now fairly good, ranging from poor to very good
and the cleaning of the fields has been well looked after.
Acreage.—Original intentions as regards area evidently
NORTH
carried
a
Decrease.
SECOND.—With regard to maturity, cultivation
and condition, the conclusions we reach are as follows:
(1) In maturity this crop
—much later than the one
is beyond doubt a late one
that preceded it, and prob¬
these investigations.
far as 1855 to
with which to compare the current one.
as late as any since we began
Some of our correspondents go back as
ably
find
a
spring
this year as they appear to us are
that the early season was on the whole more favorable
than usual, March temperature being much above the
normal, and this expedited the preparation of the soil.
But almost with the opening of April conditions be¬
adverse and so continued throughout that
came
month and until near the middle of May.
Tempera¬
The facts about
ture
as
quite unseasonably low,
well
Seed
as
too
with damaging frosts,
much moisture, was a
already planted was to a
general complaint.
considerable extent
The weather the last half of
satisfactory, the conditions
on
under quite
1340
THE CHRONICLE.
suffered modification owing to the lateness of the planting
At the same time, however, after carefully analyze
season.
in applying to North
A freer use of fertilizers
is indicated in our reports—the use of both commercial and
home-made varieties has seemingly increased to a moderate
ing the returns,
Carolina
as a
we seem justified
whole an increase of 2%.
extent.
SOUTH CAROLINA.—The weather conditions that pre¬
vailed this
spring served to retard planting operations in
For although the first putting in of seed
was in advance of 1906 by about ten days, the drop in tem¬
perature in April and excess of moisture during the same
month caused thereafter material delays.
Consequently
planting did not finish until fully two weeks later than a year
Germination varied greatly,
ago, or about May 31st.
according to locality and time of planting. Some seed came
up very well, others fairly well, but the majority of our cor¬
respondents report that the start was poor. As to replant¬
ing, there is also considerable divergence in opinion. Accord¬
ing to some it was limited in extent or less than usual. But
elsewhere frost late in April killed or injured much seed,
entailing more than an ordinary amount of re-seeding.
There is quite general agreement that April weather was
against satisfactory development of the plant, and that a
continuation of similar conditions—low temperature and
South Carolina.
more
moisture
than
desirable—were
adverse
features
of
early May. The unsatisfactory features have, however, re¬
cently been succeeded by more favorable weather, and the
plant, although backward, is now making fair growth.
Stands in the fields where the plants are up are reported poor
to good, probably at this date averaging fair, and show that
they have received proper attention. Acreage has been
added to, but evidently not to such an extent as it would have
been with a more satisfactory planting season.
Our returns
seem to warrant adding not more than 3% to the previous
year’s area. Fertilizers.—The use of both commercial and
home-made
manures
has
increased.
GEORGIA.—Planting began about the middle of March
in some districts of Georgia, but was not actively pushed
until the first week of
April; while it
was
finished in
a
few
localities shortly after the first of May, it was not finally
..completed until the close of the month. As im the States
already reviewed, the weather during most of April was
decidedly too cold for cotton and also, at times, too wet;
furthermore, these adverse conditions continued well into May.
All of which accounts for the unfavorable nature of
our
reports on germination. Early-planted seed came up poorly
but that put in the ground late in April and in May, although
germinating slowly, escaped the frosty weather and in the
main started off fairly well.
The conditions which operated
adversely on germination were responsible for considerable
replanting. A change in the weather is to be noted since
the middle of May; higher temperature having prevailed;
still there has been some complaint of excess of rain.
But
in the main the plant has taken on better growth.
The
crop is backward,
however, and needs good future
weather for saisfactory results.
Stands secured vary in
.different sections of the State, reports being best from red
lands, the stands on which are reported fair to good. On
the other hand, gray and sandy districts make rather poor
returns. For the entire State the stand would appear at this
date to be below the average, but improving.
Cultivation
has been thorough where the weather has favored the work
of clearing out foreign vegetation.
Acreage.—Our returns
indicate that in some districts area has been increased, in
others it has been left as it was last year, and some planters
have decreased the amount of land devoted to cotton.
In
going
over the returns we find warrant to make a very
moderate addition—say 2%. Fertilizers of both commercial
and home-made sorts have been used
more
freely than last
year.
FLORIDA.—In
some
districts of Florida
planting began
very early, but generally operations were not well under way
until the middle of March and were not completed before the
15th of
May, or about the same date as last year. Most of
correspondents say that seed came up poorly on account
of cold weather, and that a very considerable amount of re¬
planting was entailed. In fact, conditions during April
were exceptionally
unfavorable, the temperature ranging
very low, with severe froBt in localities on the 3d and 14th
our
[VOL.
killing and injuring
LXXXIV.
Unseasonable
of May, but
latterly there has been a marked improvement, much to the
benefit of the plant.
Stands now are reported poor to
medium, being best in Sea Island districts, and fields at
present are in fairly good shape. Acreage has undergone
some change this season, our replies seeming to warrant a very
moderate addition to the previous area—say 2%. Fertilizers
are used to only a limited extent in Florida, and this year the
takings of commercial sorts have apparently been less than
a
weather continued up
a
great deal of cotton.
to about the middle
year ago.
ALABAMA.—It is
quite evident from our reports that the
planting season in Alabama this year has been an unusual
one.
Early February was wret, with some overflowing of
land along the Tombigbee and tributary rivers, but towards
the middle of the month work of preparing land was actively
in progress, and, with favoring weather, putting in of seed
was begun in some districts the first of March.
During
April, however, unsatisfactory conditions again prevailed,
cold and wet weather interfering materially with out-door
operations, so that planting was not fully completed until
towards the close of May.
As regards germination, except
of latest-planted seed, there is very little disagreement in our
returns.
In
a
few sections seed is said to
have
come
up
fairly well, but almost all the replies state poorly or very
poorly, and some the worst in years. Down to near the
middle of May complaints of low temperature, with frost at
times, and excess of moisture, were quite general, requiring
an unusual amount of
replanting, which was carried on with
difficulty, owing to scarcity of good seed. In some instances
75% of the crop had to be replanted, and in a fewr cases a
third planting had to be made.
Since the middle of May
more favorable conditions have prevailed as a rule, but at
the close too much moisture was complained of.
The plant
is backward and will doubtless need a succession of good
growing conditions to bring it up to the average. Stands
are reported rather
poor on the whole, although a few say
fairly good. Acreage.—To the previous year’s area a mod¬
erate addition has been made, averaging for the State about
4%. Fertilizers.—Our replies indicate that there has been
some expansion in the use of both commercial and home¬
made
manures.
MISSISSIPPI.—The
planting season in Mississippi this
year compares unfavorably with last year, when work was
hindered by wet weather.
The current season has been con¬
spicuously adverse in this respect, it having been impossible
to do out-door work for days in some
sections, owing to
continuous heavy rains.
Moreover, all through April and
extending pretty wrell into May temperature was unseason¬
ably low, with killing frost reported in localities as late as
April 20th. Consequently the time of planting has been
unduly prolonged, for while some seed was put in about the
middle of March, work was not active until
April 1, and is
but just now finishing.
Naturally, therefore, as regards
germination, our replies are less conclusive than is usually
the case.
Where seed is up the plant starts off rather
poorly
and an unusual amount of replanting has been
required. In
instances as much as 50% to 75% has had to be
replanted,
and in some cases seed has been put
in three times. As a
result a scarcity of good seed has been
complained of:
Stands, where secured, average poor and some cotton is not
up yet, but weather condition."? since about the middle of May
have been more favorable and the plant is
improving. Al¬
though rains the last week of May interfered with cultivation,
the outlook for the crop is not at the moment
favoring to
a full yield; but with conditions from now on
satisfactory,
a
good outcome. is possible.
In this connection a
valued correspondent remarks:
“The largest crops we have
made were planted between May 10th and June 1st, but in
those, seasons we had late falls. Our crop will necessarily be
late, and its size depends upon a late fall, barring, of course,
any adverse conditions which may arise during the summer,
of which the one just now most feared is too much rain.”
Acreage shows reduction in some districts, but these are more
than counterbalanced by gains elsewhere,
leaving the net
result for the State an increase of approximately
4%, or
rather less than anticipated.
Fertilizers are used only in
limited quantities, but the taking of both commercial sorts
and home-made manures have probably been
slightly
greater this year than last.
June 8
THE CHRONICLE.
1907.]
1341
re-planting been required. In some
time of preparing land and planting seed this spring.
The cases almost whole crops had to be re-planted, and in
latter part of February and all through March the tempera¬ many instances seed had to be put in a third time before
Conditions since the middle of
ture was abnormally high for the time of year, and work of germination took place.
May have been better than those experienced earlier, but
preparation of soil having progressed rapidly, seeding was
still not of a nature to foster a material improvement in
under way in many localities by March 1. In fact, most of
the plant.
Stands, therefore, are still irregular and
the initial planting was done in March and an especially
much cotton is not yet up.
There are some com¬
early crop was anticipated. But in strong contrast to March,
Acre¬
April was a particularly cold month (the coldest in the record plaints now as to the state of cultivation.
age.—To
the
area
a
seems
previous
year’s
moderate
addition
of the Shreveport weather bureau) and an excess of rain was
to have been made, averaging for the State, we should say,
quite generally complained of. Under the circumstances,
about 3%.
Fertilizers.—Of both commercial and home¬
the time of seeding was much prolonged and planting in
made fertilizers there has been a slightly greater use this
is
but
now
latest districts
completed. Our replies on germi¬
Their use, however, in Arkansas is limited.
nation are somewhat conflicting, for while some correspon¬ year than last.
TENNESSEE.—Low
temperature and excess of moisture
dents maintain that seed came up well, the majority of them
served
to
delay
the
commencement
of planting to an unusual
report a poor start. There is, however, quite general agree¬
In
extent.
fact,
temperature
while March
was above the
ment that there has been necessity for a very large replanting
normal, April was the coldest on record, frosts occurring
for which frost, wet weather and, to some extent, defective
late
in the month.
Work was begun at a few points around
seed were responsible.
As elsewhere* at the South recent
the
of
first
April and at some others about the fifteenth,
conditions of weather, both as regards temperature and rain¬
but it was near the close of the month before it became
fall, have been more favorable to the plant, which is
taking on a better appearance generally. Stands range from general, and was not finished until June 1st. Seed germin¬
ated poorly as a rule, as a result of the adverse conditions,
poor to good, but on the whole are below the average of
One correspondent well describes
recent years, and fields are rather grassy as a result of the and some is not yet up.
situation
the
this
by
that while there have been
year
stating
late rains.
Acreage.—A number of causes are said to
no floods, water stood in the fields more or less from the
have served to check the tendency to quite materially
add to area.
Adverse weather, the turning of local time ground was broken until about the middle of May.
labor to saw-mills, and the fear of boll-weevils are among With such a condition, work would naturally be greatly
those mentioned.
Collectively they have operated to hold hindered. Re-planting has been general and extensive, in
Fertilization, some cases comprising whole crops. Recent weather has
down the season’s increase to about 3%.
although not largely practiced in Louisiana, has been availed been more satisfactory, but a continuance of good seasons is
needed if a good crop is to be made. Stands.—At this date it
of this year to a greater extent than heretofore.
is difficult to approximate a correct statement of the situa¬
TEXAS.—In practically no State is there to be recorded
such contrasting situations as in Texas.
What promised tion. Late planting came up fairly well, but generally the
start has been irregular with stands poor.
Fields are in
to be one of the earliest crops on record now bids fair to be one
fair shape, but the plant is much behind the average in
of the latest.
With very moderate rains and high tempera¬
development. Acreage.—Changes up and down in area
ture for the season, farmers were able to make excellent
so nearly balance, that we do not feel warranted in adding
progress in preparing land for crops in January and February
more than
1% to last season’s acreage. Fertilizers have
and planting was active in early districts about the opening
been used to about the normal extent.
They are not
of March.
But first droughty conditions and then cold and
extensively availed of in Tennessee.
wet weather interfered with work so seriously that at the
INDIAN TERRITORY.—During the early season, and
close of May final planting had hardly been done. Earliestplanted seed came up well, but much of it died out and the extending well through March, quite favorable conditions
start from later plantings was rather poor.
Temperature prevailed and farming operations made good progress.
ruled appreciably above the normal in March, and this In consequence, planting operations were under way in
some sections before the first of April.
Subsequent to that
naturally favored cotton; but April was a cold month—
date,
however,
temperatures
and
too
much rain ma¬
low
colder than March or an average April.
This circumstance
terially retarded work. Thus, it is that planting, which
and excess of moisture killed or injured materially cotton
started
early, did not finish until the close of May generally,
that was up and necessitated extensive replanting, which is
and there is even now a little to be done.
Seed is stated
just now finishing. Wet weather was still a cause for com¬
to have germinated poorly, as a rule, and of course there is
plaint in the early days of May and temperature also con¬
As a result of cold weather, with frost,
tinued quite low, but from the 10th down to near the close much not yet up.
and
too
much
moisture,
re-planting has been extensively
a prevalence of better conditions was noted.
The last few
carried on, amounting in some cases to the larger part of
days, however, rain was quite general over the State and in
sections excessive.
With the somewhat indifferent start of the crop, and in instances a third planting has been re¬
quired. While the more favorable weather which set in
the plant in Texas, a succession of satisfactory months
middle of May is expected to be of much benefit
is a prime requisite.
Stands are variously reported upon; about the
few
a
good, some fair, but most
rather poor. to the plant, late rains have complicated the situation, and
therefore sufficient time has not yet elapsed to allow of any
Acreage.—In new sections of Western Texas some important
definite report on that point.
Stands are reported poor at
additions to cotton area have been made this year, but in the
this
date,
and
cultivation
has
latterly been hindered.
older districts moderation has been the rule.
Fear of the
boll-weevil has been mentioned as an influence apt to operate Acreage.—In all sections of the Territory the disposition
seems to have been to increase the amount of land under
as a check to increasing cotton area, but we find no direct
evidence of it in our returns.
We estimate the gain for the cotton, largely in many instances, so that on the whole
we estimate the gain to have been about 11%.
Fertilizers.
State as a whole at 7%.
Fertilizers are but little used.
—The natural richness of the soil practically renders fertiliza¬
ARKANSAS.—In common with other sections of the
LOUISIANA.—Unusual conditions prevailed
during the
Arkansas has experienced very unusual weather
conditions this spring.
March was warm and favorable for
farm work and planters were in excellent shape by the end
of that month.
But with the opening of April there was a
change to cold and wet weather, which continued throughout
the month, and all the advancement contributed by the
Furthermore, the
favorable conditions in March was lost.
situation was rendered even more unsatisfactory by general
South,
of the State during the
early portion of May. The planting season, therefore,
was unduly
prolonged and work was not finished until
Early planted came up well, but
about the first of June.
was almost wholly killed by frost, and later plantings germinatedAslowly and poorly. Presumably never before in
and continuous
rains over much
this State has so much
tion unnecessary.
OKLAHOMA.—Although planting began in some dis¬
earlier than last year, it did not
become active until well on in April, and was not completed
until the close of May.
Farm work,was favored by weather
conditions in the early spring, but cold and wet weather in
April and first part of May were unfavorable. Seed came up
poorly and cotton that suffered from frost in April entailed
an unusual amount of re-planting.
Latterly, the crop has
done better under the influence of the more satisfactory
tricts of Oklahoma a little
experienced since the middle of May, but stands,
are irregular, and much cotton has yet to
come up.
Reports as to the condition of the fields are that
they were quite clear of weeds and grass up to the coming
weather
where
secured,
Acreage has been largely increased.
compartively new centre of production
and with high prices acting as a stimulus.
Furthermore,
“green bugs” having destroyed much wheat and oats, the
territory thus denuded has in great measure been put in
cotton.
All our correspondents report gains in area, some
running as high as 100%; making allowance for uninten¬
tional exaggeration, we do not seem warranted in averaging
the increase at less than 20%.
No 'fertilizers are required.
MISSOURI.—Cold weather also interfered with planting
operations in Missouri. They were1 begun on prairie lands
about May 1, and in the hills two weeks later, being com¬
pleted generally by the close of the month. Seed from early
plantings did not come up freely, germination having been
checked by the cool and wet weather of the first half of.
May. Late plantings are in part above ground and part
are not,
but with present weather conditions continued,
germination should be fairly favorable. Acreage has been
increased about 2%.
Fertilizers of the home-made varieties
of
recent
[VOL.
THE CHRONICLE.
1342
rains.
This is natural in
have received
a
some
ITEMS ABOUT
attention this
season.
BANKS, BANKERS AND TRUST CO’S.
-—-No sales of bank stocks
were
made
at the
Stock Exchange
week, and only -1 shares were sold at auction. The auc¬
tion sales a1 so include 32 shaves of trust company stock.
tins
LXXXIV.
making the minimum amount of paid-in capital on which a
company may begin business $25,000 for a town dr city of not
than
more
5,000 inhabitants; $50,000
for from
5,000 to
10,000 inhabitants; $75,000 for from 10,000 to 20,000 in¬
habitants; $100,000 for from 20,000 to 30,000 inhabitants,
and $150,000 for
town or city of more than 30,000 in¬
value of the shares is fixed at $100 each,
and no company shall issue any shares until the par value
has been actually paid in in cash.
All the corporate powers
of the company are to be exercised by a board of not less than
habitants.
five
a
The par
two-thirds of whom
directors,
Maine, and the board of directors
must
be
residents of
executive board is to
It is
stipulated that “no trust company shall loan to any person,
firm, business syndicate or corporation an amount or
amounts at any time outstanding in excess of 10% of its
total capital, unimpaired surplus and net undivided profits,
except on approval of a majority of its entire investment
board, unless secured by collateral, nor in excess of 25%
thereof, except on such approval and secured by collateral
which, in the judgment of said majority of said investment
board, shall be of a value equal to the exeessof the loan above
tile 25%,.”
It is further provided that “no trust company shall
make any loan to its directors, officers, agents or other
persons in its employ, or on which any such director, officer,
or
constitute the board of investment of the company.
below, given in our usual form, shows the actual agent or employee is an endorser, guarantor or surety, or to
sales of New York City bank stocks made during the week
rany firm or business syndicate of which such director, officer,
at auction and at the Stock Exchange.
Extensive tables agent or employee is a member, or to any person, or on the
The table
showing the bid and asked quotations, deposits, surplus,
«&c., of banks and trust companies in all important cities of
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 quotations for all
New York City bank and trust company stocks are also pub¬
lished weekly in another department of the paper, and will
be found to-day on pages 1351 and 1352.
Low. UUjh. (’lose.
Last previous sole.
290
April 15)07— 300»;
York, N.H.A.. 290
2!>0
TKV3T COMPANY—New York.
473
473
473
April IDO7— 313>j
Title Ciuar. & Trust Co
—The following bill (House No. 477), reducing the neces¬
Shares.
HANK—New York.
4 Hank of New
32
sary
capital of Massachusetts trust
companies from $500,000
endorsement
or a
or
member of
guaranty of any person, who is a partner of,
a
business syndicate
with such director, officer,
agent or employee, or to any corporation of which any such
director, officer, agent or employee is a director, officer,
or manager,” until the proposition
been submitted to the board of directors or the
superintendent
shall have
executive
accepted and approved by a majority of the
membership of such board or committee, provided
that no director “interested in said loan in any of the above
capacities or who is connected or associated with the bor¬
rower iii any of the above ways shall bo regarded as votingin the affirmative on such loan.”
Any director, officer, etc.,
who authorizes or assists in procuring a loan, or any director
committee and
entire
population of over 100,000, and who votes on a loan in violation of either of the above pro¬
from $200,000 toT$ 100,000 in municipalities whose popula¬ visions is to be held personally responsible for the payment
tion is not more than 100,000, has passed to be engrossed in
thereof and to be deemed guilty of a misdemeanor.
both branches of the Massachus'Its Legislature, and will, it'
The law makes no change with reference to the reserve
is expected be enacted and sent to the Governor within a
requirements of trust companies, which are provided for in
week’s time:
Section 80 of Chapter 48 of the Revised Statutes, as amended
AN
ACT
RELATIVE TO THE CAPITALIZATION OF TRUST
by Chapter 15 of the Laws of 1905. This section provides
COMPANIES.
for a cash reserve of 15% of the demand deposits, two-thirds
Lie U enacted by the Senate and house of Representatives in General Court
to
$200,000 in cities with a
assembled, and by the authority of the same, as follows:
1.
Section 5 of Chapter 110 of the Revised Laws Is hereby
amended by striking out the words “live hundred thousand” In the second
line thereof and substituting the words two hundred thousand: and by striking
out the words “two hundred thousand” in the fourth and fifth lines of said
section and substituting therefor the words one hundred thousand—so that
the said section shall read'
Section 5.
The capital stock of such corporations shall be not less than
two hundred thousand nor more than one million dollars, except that in a
city or town whose population Is not more than one hundred thousand
the capital stock may be not less than one hundred thousand dollars divided
cInto shares of the par value of one hundred dollars each: and no business
shall be transacted by the corporation until the whole amount of Its capital
Section
....
stock Is subscribed for and actually paid In. and no shares shall be Issued
until the par value of such shares shall have actually been paid In
Section 2. All Acts and parts of Acts Inconsistent herewith are hereby
cash.
r
epealed.
this week by Governor Hughes
of New York State provides that reports of savings banks
and safe deposit companies to the State Superintendent of
Banks shall be made before the first day of February and
August each year, instead of before Jan. 20 and July 20.
—The Maine Legislature is one of the States which has this
—One of the bills signed
of which may
consist of balances payable on demand, due
from any national bank or trust company created under the
laws of Maine, or from any trust company located in aii3r of
New York and approved
by the Bank Examiner in writing: and one-third may consist
the other New
England States
or
of bonds of the United States, the
District of Columbia, and
of the New England States and the States of New York,
Pennsylvania, Maryland. Ohio, Indiana, Kentucky, Michi¬
any
gan, Wisconsin, Minnesota,*
and Nebraska, the absolute
—A New York Stock
Iowa, Illinois, Missouri, Kansas
property of such corporation.
Exchange membership was reported
The last previous sale
transferred this week for $75,000.
was
at $79,000.
=—We
are
e.
informed that there is
which has been in circulation this
no
basis for the
week regarding
a
rumor
proposed
consolidation of the Lincoln Trust Company and Bowling
Green Trust Company of this city.
enacted laws affecting financial institutions. The
passed in this State provides for the organization of
—At the annual meeting of the Carnegie Trust Company
trust companies under general law instead of by special
charter.
It is additional to and amendatory of Chapter 48 of this city on the 1st inst., the following new members were
of the Revised Statutes of the State.
Under its provisions elected to the board, namely A. K. Hiscoek, L. L. Lewis,
trust companies, in addition to receiving deposits, borrowing George C. Smith and Paul Marburg, of Kuhn, Loeb & Co.
and loaning money, owning and maintaining safe-deposit The election of officers on Wednesday resulted in the revaults, etc., may execute trusts of every description, act as election of the following: Leslie M. Shaw, President;
assignee, receiver and executor, and “do in general all the Charles C. Dickinson, Honorary Vice-President; Frank L.
business that may lawfully be done by trust and banking com¬ Grant, Vice-President; J. Ross Curran, Vice-President and
panies. The law as it previously stood expressly prohibited Treasurer; Fred. H. Parker. Secretary; S. C. Dickinson, As¬
trust companies to “act or do business as administrator or sistant Treasurer; Robert B. Moorhead, Assistant Secretary;
guardian—anything in their charter to the contrary notwith¬ Lawrence A. Ramage, Trust Officer and Levester G. Ball, Au¬
standing.” There is no reference to this’in the new statute. ditor. The following are members of the Executive Com¬
The new law also regulates the capital of these institutions, mittee: A. B. Chandler, Charles C. Dickinson, Frederick H.
year
measure
June 8
THE CHRONICLE.
1907.|
Eaton, Frederick
burg.
Lewisohn, James D. Layng and
Paul Mar¬
1313
resigned to become members of the firm of J. I. Buchanan
& Co., dealers in investment securities, the other member
being James I. Buchanan, President of the Pittsburgh Trust
Company.
—A verdict of guilty has been returned bjr a jury against
several employees of the failed Enterprise National Bank of
Allegheny, Pa., on changes of misapplication of the bank’s
funds, and in one instance on the charge of making false en-
newly organized Beaver
and Pearl streets, this city, was
made to the Comptroller of the Currency May 20. after the
institution had only been six weeks in existence.
Its de¬
posits on that date were $274,564, surplus and undivided
profits $61,406 and total resources $484,490. There was
entries.
some delay in completing the organization of the bank until
—In a verdict returned by a jury on the 17th ult., Corwin
George M. Coffin, formerly Vice-President of the Phenix
D. Bachtel, ex-Cashier of the defunct Canton State Bank of
National Bank was elected President and assumed direction
S. H. Vandergrift and T. P. Welsh are Vice- Canton, Ohio, was acquitted of charges of alleged embezzle¬
of its affairs.
ment and misappropriation of the bank’s securities.
Presidents and J. V. Loughlin, Cashier.
—The stockholders of the National Bank of Toledo and
—The Northern Bank of New York (Broadway and Fourth
the National Bank of Commerce of Toledo, at a meeting on
Street), of which Henry Dimse is President , reports a hand¬
some growth in its business for the past year.
The deposits the 3d inst., approved the proposition to consolidate, to
which we referred April 27.
The directors of the enlarged
June 4 show a total of $2,222,129, as against $1,677,000
institution,
under the name of the
which
is
to
operate
on June 4 1906 and of only $1,119,000 on March 20 1906.
National Bank of Commerce, will be chosen on the 10th inst.
—G. Bruce Webster, the New York agent of the Chartered
—On Saturday last, June 1, the National Bank of Com¬
Bank of India, Australia and China (head office London),
merce of Detroit, the newly organized bank of which Richard
is in receipt of the company’s final accounting for the year
P. Joy, formerly City Comptroller, is President, opened for
ending Dee. 81 1906, which statement discloses a net profit
business in the Union Trust Building.
The instituiton has
of $1,321,288, including $430,558 brought forward from
a capital of $750,000, instead of $500,000, as at first planned,
the previous year.
Among the liabilities the chief items are:
and a surplus of $150,000.
President Joy’s assistants in
Call and time deposits, $66,022,973; bills and loans payable,
the management of the bank are William P. Hamilton,
$16,464,544; acceptances account customers, $5,820,734.
Vice-President; Henry H. Sanger, Cashier; and Charles R.
The capital is $4,000,000, surplus and undivided profits,
$6,276,847, and circulation, $2,768,012.
Its total resources Talbot,'Assistant Cashier.
—The People’s State Bank of Detroit, formed through the
are
$104,931,085. The corporation was established by
union of the People’s Savings Bank and the State Savings
royal charter in 1853 with a capital of $3,220,000, which in
1864 was raised to $4,000,000.
The reserve stands to-day Bank, has since May 31 been conducting the entire business
at $5,375,000, which contrasts with' $525,000 in
1864, of the two banks in its own building, corner Fort and Shelby
streets.
After the consolidation in January, the enlarged in¬
when the bank’s liabilities were only $25,000,000, increasing
stitution continued to maintain the former main quarters
in 1884 to $45,000,000; in 1894 to $55,000,000; in 1904 to
The shareholders of both banks, but now has discontinued the offices at Fort
$85,000,000 and in 1906 to $104,931,085.
and Griswold streets.
The bank has a capital and surplus of
voted last month to increase the capital to $6,000,000.
$1,500,000 each and deposits of $29,000,000.
—The new statement of the Night and Day Bank, located
—The State Bank of Evanston, Ill., lately moved into its
at Fifth Avenue and Forty-fourth Street, for June 4 1907
new building, constructed both for its own
and the State
shows deposits of $2,467,550 and aggregate resources of
new
Safety Deposit Company’s use. The
banking house,
$3,067,528. This institution has a capital of $200,000 and
according to the reports in the local papers, is equipped in a
surplus and undivided profits of $259,757.
superior manner, the main banking room making an attrac¬
—Fenwick B. Small, a son-in-law of President John G. tive
appearance with its mahogany furniture and green mar¬
Jenkins of the First National Bank of Brooklyn Boro lgh,
ble trimmings.
The bank last November increased its
It will be re¬
has become a director of that institution.
capital from $100,000 to $150,000. Hemy J. Wallingford
called that three of Mr. Jenkins’? sons were a‘so recently
is President.
elected to the directorate to fill vacancies.
:—The Auditor of Public Accounts at Springfield, Ill., has
—It is stated that the name of the new bank which is to be issued a permit for the organization of the Citizens’ Commer¬
established in the East New York section of Brooklyn cial Bank of Chicago, capital $200,000.
Borough has been changed from the Liberty Bank to the
—John H. Dwight, Vice-President of the State Bank of
H< >mcstead Bank, so that it might not bo confus'd with the
Chicago since its incorporation in 1891, died at his summer
Liberty National of Manhattan Borough. The bank is to home in Pasadena, Cal., on the 5th inst., at the age of 72.
locate at Liberty and Pennsylvania avenues.
Its office!s Ho was born at Jackson, Mich., and began lfs bus ness
will be William F. Wyckoff, President; Solomon Rubin and
career in Chicago in 1858 as bookkeeper in the banking house
Rudolph Reimer Jr., Vice-Presidents, and Harry Johnson, of J. H. Burch. He became a member of the Board of Trade
Cashier.
firm of Dow, Quirk & Co., and was successively director,
—The National Shawmut Bank of Boston, Mass., is now
Vice-President and President of the Board.
For many
located in its new quarters in its recently completed building years he was a director in the Corn Exchange National Bank
on Devonshire, Water and Congress streets.
The new build¬ of Chicago. H's health had not permitted him to engage in
ing was opened for public inspection a week ago, the bank active business for some time past .
—Monday next, the 10th inst., will be the 50th anniveisary
beginning business therein on Monday. The institution
of
the organization of the Merchants’ Loan <fc Trust Company
occupies the fij’st three floors on the Water Street side of
the structure.
The main banking room is finished in white cf Chicago, a bank whose name has always been the synonym
marble with bronze grill work; the furniture is of metal, for strength, conservatism and progrr ss. Its founders and first
painted to represent mahogany. Ample accommodation trustee s were among the leading merchants and most enterpris¬
has been made for the bank’s patrons, as well as for its work¬
ing citizens of Chicago’s early days—such men as Win. B.
ing force, three, large rooms, equipped with writing Ogden, one of the organizers of the Galena & Chicago Union
materials and other conveniences, being set apart for the
Railroad Co., and afterwards President of the Chicago <fo
customers’ use.
Northwestern; Henry Farnum, one of the builders,’and later
President, of the Chicago & Rock Island; Isaac N. Arnold,
—Samuel B. Hopkins, President of the Peoples’ National
a leading Illinois statesman; Cyrus H. McCormick, George M.
Bank of Roxbury (Boston), Mass., died on the 1st inst., at
Pullman, George Armour, Ma:shall Field, &c., &c.
D iring
the age of 84 years.
the Great Chicago fire most of the books and records of the
—D. Gregg McKee, heretofore Assistant Treasurer of the
bank, as well as the pass-books and check-books of its deposPittsburgh Trust Company of Pittsburgh, Pa., has been
itois, were ele stroyed. The only solution of the problem was
elected Treasurer of the company, succeeding Charles H.
to ariive at a bas s of mutual agreement, the officers of the
Hays, resigned. The latter continues .as Vice-President of
bank relying laigely upon the sense of honor among the de¬
the institution.
W. I). Jones has been elected Assistant
In this way more than 1,000 accounts were ad¬
Treasurer.
Mr. Hays and Olaf Ussing, who retires as Man¬ positors.
justed
and
r< opened amicably and satisfactorily to both parties.
of the bond
the trust
have
—The initial statement of the
National Bank at Beaver
.
ager
department of
company,
[VOL.
THE CHRONICLE
1344
the Merchants’ Loan & Trust Company
has withstood every calamity known to the banking history
of the United States—the panic of 1857, the Civil War,
1861-1805, the panic of 1873 and the panic of 1893, periods
of disaster which wrecked many banks and severely tested
the strength of those having large capital and resources.
During fifty
years
The institution has
never
consolidated with
absorbed the
Its growth is shown by decades as
business of any bank.
follows:
1,500,000
2,000,000
.
2.000 000
3,000,000
Deposits.
Surplus.
l.oooiooo
__
5100,000
1 ,000,000
,554,077
4,273,851
1
$1,723,000
2,321,000
8,000,000
18,445,000
49,857,016
During the last decade it has widened the scope of its busi¬
having added bond, trust, savings and farm-loan de¬
partments. Through its foreign exchange department, the
bank has maintained long-established connections with lead¬
ing European and foreign banks. Its present directors are:
Cyrus H. McCormick, Lambert Tree, Moses J. Wentworth,
Tliies J. Lefens, E. H. Gary, John S. Runnells, Erskine M.
Phelps, Enos M. Barton, Chauncey Keep, Clarence A. Bur¬
ley, E. D. Hulbert, Orson Smith.
—W. J. Harahan, Vice-President of the Illinois Central
RR., has been elected a director of the Western Trust A Sav¬
ings Bank of Chicago.
ness,
—The
change in the name of the Security Bank of Minne¬
sota at Minneapolis to the Security National Bank of Min¬
neapolis, approved last month by the stockholders and tin.*
Comptroller of the Currency, went into effect on June 1.
—During the past two
years noteworthy expansion has
occurred in the business of the American National Bank of
Nashville, Tenn. Its May 20 statement shows deposits of
$4,847,233; this amount contrasts with $3,810,956 on Jan. 29
1906 and $2,600,380 on Jan. 11 1905.
In the same period
surplus and profits have risen from $179,312 to $468,719,
while aggregate resources have grown, from $4,179,692 to
$7,415,950. The bank’s officers are W. W. Berry, President;
A. II. Robinson, Vice-President, and N. P. Le Sueur, Cashier.
—At the
regular monthly meeting of t he directors of the
City National Bank of Knoxville on the 29th ult., the resigna¬
tion of Albert B. Mahan
accepted.
His
organized in 1903 and has since paid annual
8%. On April 30 1907 it reported deposits
of $365,123.
The company’s officers are A. C. Jones,
President; D. H. Holder, Cashier; W. C. Allen, Assistant
Cashier, and J. R. McDowell, Trust Officer.
tution
was
dividends of
—A resolution
adopted at the annual convention of the
Texas Bankers’ Association, held at Corpus Christi May 28,
29 and 30, provides for the appointment of a committee to co¬
operate with other interested bodies to deliberate as to the
Capital.
$500 000
Year.
1857
1867
1877
1887
1897
1907
nor
LXXXIY.
successor
as
Vice-President
was
tendered and
Wil¬
Cashier and has been
has not yet been appointed.
liam T. Marfield has also
resigned as
by Richard E. Mooney, for twelve years teller and
Assistant Cashier.
Mr. Marfield, who contemplates retiring
from the banking business, has been temporarily appointed
succeeded
Assistant Cashier.
feasibility of erecting a system of cotton warehouses for the
holding of the cotton crop until it can be marketed profitably.
The newly elected President of the association is Edwin
Chamberlain, Vice-President of the Alamo National Bank of
San Antonio.
An extended trip throughout the country is to
be taken by a number of the members of the association.
Starting from Fort Worth yesterday (the 7th inst.), the
part}* will visit Kansas City June 8; Chicago, 9-10; Detroit,
11; Montreal, 14; the Adirondacks, 15; Boston, 16-17; New
York, 18-19-20; Philadelphia, 21; Washington, 22; the James¬
town Exposition, 23-24; Richmond, 25; and St. Louis,
June 26.
—C.
Wolston, heretofore Cashier of the Galveston
replaced Guy M.
Vice-President; J. H. Strother has become Cashier.
Columbia Trust Company of Los Angeles has com¬
J.
National Bank of Galveston, Texas, has
Bryan
as
~—The
menced business at 311 West Third Street.
The company
recently organized with an authorized capital of $500,000,
$100,000 has been paid in; it also has a surplus of
$25,000. The par value of the stock is $100 per share, and
was
of which
none
has been sold at less than $125.
The officers
are
L. L.
Elliott, President; Edward D. Silent and W. R. Hervey,
Vice-Presidents; Frederick B. Braden, Secretary and Trust
Officer; H. M. Binford, Treasurer, and L. D. Williams,
Assistant Treasurer.
—The Union National Bank of
Fresno, Cal., capital $150,-
000, has completed its organization with the election of the
following officers: W. O. Miles, President; C. R. Puckhaber,
Vice-President, and W. R. Price, Cashier.
—Walter S. Cheesman, a Vice-President and director of
the First National Bank of Denver and President of the Den¬
Union Water
Company, died on the 31st ult. Mr.
on Long Island in 1838; in 1860 he re¬
moved to Denver, and for more than forty years had been
actively identified with many important enterprises affecting
the city’s growth.
ver
Cheesman
—The
was
name
born
of the Merchants’ Investment
& Trust Com¬
had recently been arranged by the directors.
of Portland, Oregon, was changed in April to the
Savings & Trust Company. The company was
organized in April 1901, but did not begin business until
July 2 1906. It has a capital of $150,000, and is under the
management of J. Frank Watson, President; R. L. Durham,
Vice-President; W. H. Fear, Secretary; S. C. Catching,
Assistant Secretary, and O. W. T. Muellhaupt, Cashier.
A
commercial, savings bank and general trust business is con¬
ducted by the institution.
The institution is closely allied
Interstate Bank has
to the Merchants’ National Bank of Portland.
pany
—Judge Daniel Grinnan in the Chancery Court of Rich¬
on the 23d ult. denied an
application made by certain of
mond
the stockholders of the Southern Interstate Bank of Rich¬
mond for the
appointment of a receiver of tlie institution and
injunction restraining the transfer of its assets to the
Bank of Commerce & Trusts of that city.
The disposal of
an
the assets of the bank to the Bank of Commerce & Trusts
The Southern
capital of $90,000 and deposits of
about $130,000; it began operations early last year, suc¬
ceeding to the business of the Provident Savings Bank of
Richmond.
a
It is understood that the
Bank of Commerce
<fc
Trusts, in taking over its assets, simply agreed to protect
depositors but not the stockholders. On tin* 1st inst.,
subsequent to the decision of Judge Grinnan, an amicable
the
settlement
was
arrived
at
in the United States Circuit Court
between the
contending parties. The former stockholders
Savings Bank, who exchanged their stock
for stock of the Southern Interstate Bank, have agreed, it
is stated, that the stockholders of the latter bank who pur¬
chased stock after its organization, should be preferred in
the distribution of the assets.
Under this agreement, the
Richmond “Dispatch” says, it is believed that the stock¬
of the Provident
holders in the Southern Interstate Bank who did not hold
stock in the Provident
—At
Savings Bank will be paid out in full.
meeting May 14 of the stockholders of the Missis¬
sippi Bank <fc Trust Company of Jackson, Miss., the propo¬
sition to increase the capital from $100,000 to $200,000,
recommended by the directors on April 24, was approved.
The new stock is to be sold at $120 per share—the book
value of the existing stock—and $100 is to be placed to capi¬
tal, $12 to surplus and $8 to undivided profits. The insti¬
a
Merchants’
—Invitations to the
.
twelfth ' annual
convention
of
the
Washington Bankers’ Association have been sent out by
Secretary P. C. Kauffman of Tacoma. The meeting will
lie held at Spokane on June 20, 21 and 22.
The speakers
include S. R.
Flynn, President of the National Live Stock
Bank, Chicago; Joseph Chapman Jr., Cashier of the North¬
western National Bank of Minneapolis; A. L. Mills, President
of the First National Bank, Portland, Ore.; Governor A. I.
Mead of Washington; A. W. Engle, State Bank Examiner;
J. J. Browne, President Columbia Valley Bank, Wenatchee,
Wash., and Charles H. Moore, Assistant Cashier National
Bank of Commerce, Kansas City, Mo.
—The merger of the People’s Bank of New Brunswick, at
Fredericton, with the Bank of Montreal, was completed on
April 22. The People’s Bank had a capital of $180,000.
The sale of its business to the Bank of Montreal was approved
by the stockholders in January, as noted in the“ Chronicle”
of February 16.
—-The
Sterling Bank of Canada (head office, Toronto),
began business on May 1 last year, issued its first
annual statement on April 30.
The net profits for the
twelve months were $27,206, out of which a quarterly
dividend of 1}4%J($9,683) on the paid-up capital of $774,725
which
June 8
1345
THE CHRONICLE
1907.)
paid, leaving a balance of $17,523 to be placed to
profit and loss. The deposits are about $2,000,000—
$1,906,402—while the total assets are $3,428,956.
The in¬
stitution has a reserve fund of $171,151.
has been
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended.
The results
for the five months of 1907 and 1906 are given below:
May 22 of the stockholders
of the Imperial Bank of Canada (head office Toronto), a
resolution was adopted authorizing an increase of $5,000,000
in the capital, making it $10,000,000.
The new stock is to
be issued in such amounts and at such times as the directors
may determine.
The annual report of the bank, presented
at the meeting showed net profits for the twelve months
ending April 80 1907, after making full provision for all
bad and doubtful debts and other usual contributions, of
$719,029. Of this $453,217 has been used in the payment
of dividends, at the rate of 10% per annum for the first
three-quarters of the year and at the rate of 11% for the
last quarter; $116,892 has been credited to bank premises
and furniture account, and $149,420 has been transferred
to the profit and loss account, increasing it from $276,896
to $426,316.
The premium of $846,207 on the new stock
authorized in May 1906 has been transferred to the “Rest
Account,” which now amounts to $4,773,948, and is equal
to the paid-in capital.
The deposits are $35,442,848; the
assets, at $45,641,257, compare with $39,779,813 on Apri
meeting
—At the annual
i
Five Months.
Five Months, 1906.
I
1907.
Descrip¬
Par Value
tion.
on
Aver. Par Value
Price: or Quantity.
Actual
Value.
,
Quantity.
or
;
RR. bds.
Gov. bds.
State bds.
Bank stks
Price.
$10564.723,706
$289,449,990
$789,500
$S53.S72
$41,673,450
$37,936,172
S432,773 111.7'
$22,046,479 92.2
$359.199 209.2,
$387,5001
$23,919,900
$171,700
$543,129
$275,000
92.6
97.2
10S.2
91.3
197.5
$9301.827,700 $S,620624,677 92.7$11754,184,700S10S93.506.869 92.7
244,985,800
216,711,500 8S.5
178,170,400
148,567,200 83.4
Total..
Grain, bu.
! $11042.074.069
The volume of transactions in share properties on the
New York Stock Exchange each month since January 1 in
1907 and 1906 is indicated in the following:
j $S837,336,177 !
Total val.
1
1
!
AT THE NEW YORK STOCK
SALES OF STOCKS
oj
01
Shares.
-I
;
Aclual.
Par.
Shares.
Values.
| Number '
Values.
Number
EXCHANGE.
1906.
1907.
Actual.
Par.
'•
sis'
$
$
1.S54.950,930 38,518,548 3,513,808.700 3,333,481.498
Jan
22.702,7601.948,477,925
Feb. 16.470.9721,318,394,800
Mch. 32,208,525 2,787,043.450
.
1.241,478.649 21,699,8001.968,990,600.1,831.598,764
2,609.820,422 19.467.684 1,729.841,9001,591.417 290
7.212,641,200 6,756,407,552
928.749.870
l,204,698,41724,026,0492,043,050,800'1,879.476.284
lstqrjl.382.2576,053,916,175 5,706,250,00179.680,032
April, 19,235,6521,686,695,950
May 15,827.245:1,340,719,475
1,508,967,413 24.330,919 2,158,016,950 1,
following compilation covers
The
clearings of the Canadian
!
i
106,445,154
128,037.000
$9087.331,600 $8419.915,831; 92.7 $11413.708.950
$190,017,000
$177,870,395 93.6
$297,737,800
St’kfSh’s.
IVal.
30 1906.
Canadian Bank Clearings.—The
Aver.
Actual
Value.
;
the clearings by months
January 1:
since
MONTHLY CLEARINGS.
1907 show an.increase over the
month of 1906 of 13.9%, and for the five months the
banks for the month of May
same
Five Months.
May.
Inc. or
Dec.
1906.
....
....
....
....
4,011.475
Edmonton..
Not includ. in total
Total Can. 368,422,070 323,458.079
1906.
1907.
S
%
S
4-5.2
135,587,776 128.93S.678
+ 9.3
107.415,231 98.315,889
54,520,545 39,026,206 + 39.7
Winnipeg
+
28.7
10,855,977
13.965.3S7
Ottawa
15,836,774 10,112,408 + 56.6
Vancouver..
8,594,231 —10.0
7.731,453
Halifax
+ 11.6
7.835,811
8,745,112
Quebec-i...
6.334,623 +31.2
8,310,370
Hamilton
+ 8.5
5,227,692
5,669,607
London
4,895,783 + 18.2
5,786,404
St. John
3,325.781 + 45.9
4.S53.411
Victoria
3.0S8.102 + 101.2
6,213,719
Calgary'*
Canada—
Montreal
Toronto
Inc. or
Dec.
$
607,462,095
478,356,219
166,026,233
50,989.168
44,453,323
36,732,743
34,900,875
28,858,457
23,031,993
22,904,435
16,872,173
3,088,102
$
613,532.811
521.239,841
221,021,443
63,615.750
71,288,51S
35,905,677
38,884.358
35,924,540
27,294,514
25,997,494
21,127,660
28.794,899
18.792.565
%
+ 1.0
+ 9.0
+ 33.1
+24.8
+ 60.4
—2 3
+ 11.4
+24.5
..
+ 18.5
+ 13.5
+ 25.2
Not included in total.
+ 10.9
+ 13.9 1,675,832,606 1,510,587,714
$
Jan
15.020,747,342
Feb
11.792,953.798
Mch.. 14.625.282,333
..
Not included in
total for month or five months;
comparison incomplete.
1st qr.
41,458,933,953'41,834,184,266
.
12,636,807.179 12,902,156,095
.
12,3S2,112,008 13,237,374,455
The
try for the month
last four years
clearings for the week ending June 1 make .a favorable
comparison with the same week of 1906, the increase in the
aggregate having been 10.8%.
Week aiding June 1.
omitted.)
1906.
1907.
$
$
27.S41 ,S67 26,743,036
Canada—
Montreal
Toronto
..
Winnipeg
.
2
Ottawa
Vancouver
Halifax
.
Quebec
Hamilton
London
St. John
Victoria
Calgary
Edmonton
...
.
..
Inc. or\
Dec.
Pittsburgh
San Francisco
Cincinnati
Minneapolis
j
%
1905.
1904.
$
$
+ 4.1 22,633,097 18,443,213
25,163,103 21,807,132 + 15.4 20,556,783 17.084,002
9,911,404 9,420,817 + 5.2 5,770,440 5,067,324
1,903,667 + 30.6 1,813,371 1,846,901
2.4S6.171
2,941,895 2,178,079 + 35.1 1,488,852 1,453,072
1,597,907 1,528,754 + 4.5 1,600,000 1,891,680
1.650.524 1,687,335 —2.2 1,485,930 1,570,873
1,715,554 1,441,126 + 19.0 1,441,056 1,107,104
923,815
1,181,179 1,058,871 + 11.6 1,042,289
919,792
924,411 +20,3
1,027,786
1.112.524
690,274
621.144
570,146 + 68.2
959,001
908,163 + 34.7
1,223,067
t
otal.
ed
in
includ
763,661 Not
77,784,196 70,171,537 + 10.8 59,480,748 50,997,450
Total Canada
r
3,793
915
674
665
245
214
51
109
120
101
68
74
77
53
60
39
33
683
643
277
237
189
116
Boston
Detroit
1906.
S
1,121
.
122
137
75
77
103
57
62
._
.
.
.
_
Louisville
Clearings at—
.
..
46
Milwaukee
Providence
Omaha
34
48
40
40
35
..
Buffalo
St. Paul
Indianapolis
Denver
—0.9
—2.1
—6.5
14.927,475,490 13,894.325,875
4,969.277,555 4,358.920,528
5,047,259,142
43
35
32
31
27
24
19
37
15
20
33
26
18
41
16
.
Richmond
Memphis
Seattle.
Hartford
Salt Lake City
25
1904.
$
4,843
708
539
427
225
166
119
96
80
74
54
58
53
46
225
146
101
101
94
62
72
70
51
51
32
32
35
30
27
27
26
21
20
23
13
15
+ 7.4
+ 14.0
4,444,345,376 + 13.6
each of the
subjoined statement:
—
1905.
$
7,884
839
647
607
254
+5.4
+7.4
+9.4
leading cities of the coun¬
CLEARINGS AT LEADING
1907.
$
7.335
(000,000s
Cleveland
New Orleans
+ 12.4
$
5,095,403,426
4.152,614,053
4,629,856,802
of May and since January in
M ay
Baltimore
Kansas City..
—5.5
is shown in the
BANK
New York
Chicago
5,383,076.858
4,461.444,022
5,063,004,520
—8.1
of bank clearings at
course
St. Louis.
The
$
$
16,333,604,104
12,477.037,577
13,007,090,991
April
May
Philadelphia
*
i
%
1906.
1907.
%
1900.
1907.
Clearings at
1907.
Clearings Outside New York.
Clearings, Total All.
Month.
gain reaches^10.9%.
42
31
27
32
29
24
23
18
18
*
16
16
12
11
CITIES.
Jan. 1 to May 31
1904.
1905.
1906.
1907.
$
$
$
$
40,149
24,559
45.276
41,534
3,623
4,063
4,526
5,182
2,688
3.175
3,533
3,738
2,244
2,793
3.212
3,128
1,145
1.224
1,244
1,339
801
1.011
1,122
1,185
602
707
700
986
481
500
550
600
432
505
602
623
433
463
522
666
281
316
329
368
262
390
422
427
289
333
367
421
229
255
282
290
202
232
288
269
164
171
198
232
146
153
168
171
163
172
205
235
130
137
159
184
120
125
155
185
125
130
142
172
89
131
138
164
97
105
126
134
114
107
113
107
81
103
191
197
58
?
71
75
81
59
69
116
126
7.787
62,763
555
483
3,715
64,742
3,232
57.590
2,622
39,817
2,313
12,382 13,237 12,060
Total all
4,176
Outside New York 5,047 4,444
8,230
66.478
24,944
67.974
22,698
60.212
42,130
3,387
20,063
17,571
11,601 12,774 11,505
Total
Other cities
663
781
.
DEBT STATEMENT MAY 31 1907.
Telegraph—Sales of Stocks, Bonds, &c.—
subjoined table, covering clearings for the current week,
The following statements of the public debt and Treasury
usually appears on the first page of each issue, but on account cash holdings of the United States are made up from official
of the length of the other tables is crowded out once a month.
figures issued May 31 1907. For statement of April 30 1907,
The figures are received by telegraph from other leading cities.
see issue of May IS 1907, page 1161; that of May 31 1906,
It will be observed that, as compared with the corresponding see June 30 1906, page 1476.
week of 1906, there is an increase in the aggregate of 2.7%.
Amount
Amount Outstanding
Issued.
Registered.
Coupon.
Total.
Interest
So far as the individual cities are concerned, New York ex¬
S
$
$
$
Title o1 Loan—
Payable.
hibits a loss of 2.3% and New Orleans 5.6%; Philadelphia,
2s, consols of 1930
Q.—J. 645,761,650 639,069,100 6,692,550 645,761,650
198,792,660
36.259,120
27,686.340
63,945,460
records a gain of 0.7%, Baltimore S.4%, Boston 16.5%, 3s. Loan of 1908-18
Q.—F.
4s, Funded loan, 1907
Q.—J. 740,937,050 21,886,050 19.866,350 41,752,400
Chicago 20.1% and St. Louis 12.0%.
23.370
40,012,750
4s, Refund’s certificates.Q.—J.
Clearings by
The
.
•
Clearings—Returns by Telegraph.
Week ending June 8.
New York
Boston
Per
1907.
1906.
$1,391,788,561
141,078,058
$1,425,108,311
125,302,255
25,813,945
223,855,704
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
..
days
Other cities, 5 days
Total all cities, 5
All cities, 1 day
days
I
Total all cities for week
186,313,008
12.371,225
51,284,663
13,110,665
$1,977,648,388
$1,948,549,818
408.649,817
359.871.69S
$2,386,298,205
$2,308,421,516
57,438,640
Seven cities, 5
124,499,871
124,410,857
23,822.443
4s, Loan
of 1925
Panama Canal loan,
Q.—F.
1916 Q.—N.
162.315,400
30.000,000
Cent.
—2.3
+ 16.5
+0.7
+ 8.4
+ 20.1
+ 12.0
—5.6
Aggregate int.-bearing
470,987,218
473.270,902
+ 3.4
—0.5
$2,S57,2S5,423
$2,781.692,418
+ 2.7
118,489,900
30,000.000
77.866,550 S99,972,780
1908,
and registered.
debt..1,817,819,510 822,082,860
Note.—Denominations of bonds are:
Of $10, only refunding certificates; of $20. loan of
coupon
Of $50. all Issues except 3s of 1908; of $100, all issues.
Of $500, all except 5s of 1904, coupon: of $1,000, all Issues.
Of $5,000. all registered 2s, 3s and 4s; of $10,000, all
Of $20,000, registered 4s, loan of 1907; of $50,000,
DEBT ON WHICH
+ 1.5
+ 13.6
94,890,150 23,599,750
21,560
29,978.440
INTEREST HAS
registered bonds.
registered 2s of 1930.
CEASED SINCE MATURITY.
continued at 2%, called May 18
1900, interest*ceased Aug. 18 1900
Funded loan of 1891, matured September 2 1891
Loan of 1904, matured February 2 1904Old debt matured prior to Jan. 1 1861 and later
Funded loan of 1891,
Debt
on
which interest has ceased
April 30.
May 31.
$40,000 00
26,600 00
97,000 00
931.535 26
$32,000 00
26,600 00
96.800 00
931,525 26
$1,095,135 26
$1,086,925 26
DEBT BEARING NO INTEREST.
United States notes
Old demand notes
National bank notes—redemption account
Fractional currency, less $8,375,934 estimated as lost or
-
-.$346,681,016 00
53,282 50
-
47,753,708 00
6,864,477 28
destroyed.
.$401,352,483 78
Aggregate debt bearing no interest
Increase ( + )
CUissi/ication of Debt—
May 31 1907.
$899,972,780 00
1,086,925 26
401.352,483 78
Interest-bearing debt
Debt, interest ceased
Debt bearing no interest...
Total gross debt
$1,302,412,189 04
Cash balance in Treasury*.
407,629,664 66
Total net debt
April .30 1907.
Decrease (—).
—$1,595,850 00
—8 ,210 00
—709,710 00
or
$901,568,630 00
1,095,135 26
402,062.193 78
$1,304,725,959 04
$894,782.524 38
—$2,313,770 00,
401,388,342 39
+6,241,322 27
$903,337.616 65
—$8,555,092 27
Including $150,000,000 reserve fund.
The
foregoing figure
$1,302,412,189 04 and
the
s show a gross debt on
a net debt (gross debt
May 31 1907 of
kss not cash in
Treasury) of $894,782,524 38.
home, all unquestionably are making the investing public
cautious.
In Germany the stagnation is quite as great as here at
home.
Money continues very scarce and dear. Specula¬
tion is at a standstill.
There are serious feais that the crops
be very bad, and there are lockouts
threaten to affect business very seriously.
and strikes which
In France busi¬
ness also is quiet, though it is not so depressed as either in
England or in Germany. Money, however, is dearer in
Par s at present- than it is in London, and xhe banks are
cautious how they give accommodation to the Bourse.
On
the other hand, trade everywhere is wonderfully good.
TREASURY CASH AND DEMAND LIABILITIES.—
cash holdings of the Government as the items stood
Here at home the Board of Trade returns month after month
show phenomenal increase s.
In France trade is better than
it has been since the beginning of the Dreyfus case.
In
Germany, in spite of the long-continued stringency, trade is
likewise wonderfully good.
The returns of the Prussian
State railway system, for example, for the month of April
show an increas • in goods traffic of about, 12% over April
The
1909, which itself showed
May 31
1905.
But while trade everywhere is
in stocks has completely ceased, and
investment is small.
are set out
ASSETS.
Trust Fund Holdings—
Cold coin
Silver dollars.
Silver dollars of 1890
in the following:
LIA BILITIES.
Trust Fund Liabilities—
$
< .old certificates
681,249.869 00
Silver certificates
475,734,000 00
i Treasury notes of 1890..
6,078,000 00
i
i
?
681,249.869 00
475.734.000 00
6,078,000 00
..
Total trust fund
.1,163,061,869
General Fund Holdings Gold coin and bullion
92.206.763
Gold certificates
50,614.460
Silver certificates
5,274,748
Silver dollars
4,355.588
Silver bullion.
2,774,564
United States notes
3,580.823
..
Treasury notes of 1890..
Total trust
00
liabilities. 1,163,061,869 00
dm. Fund Liabilities—
87 ! National bank ;>% fund.
i
00 Outstanding checks and
drafts..
00
00 Disbursing officers' balances
88 i
00 Post Office Department
•
:
.
.
10,729,164 69
has
11,221.301 38
1,829,081 99
111,949,847 59
Tot. in Sub-Treasuries
181,656,153 59 !
In Nat. Bank Depositaries
Credit Treasurer of U. S
172,831.24/) 681
Credit U. S. dis. officers.
10,979,331 821
4,112,786 161 Available.. 257,629,664 66
i
and
Reserve Fund Holdings—
i Reserve FundGold coin and bullion...
150,000,000 001 Gold&bull. 150.000.000 00
Philippines..
Grand total.
1.682,641,381 25!
Grand total
...
1,682,641,381 25
TREASURY CURRENCY HOLDINGS.—The following
compilation, based
official Government s atoments, in¬
holdings of the Treasury on the fiist of
April, May and June 1907. Stole men's for corresponding
dates in previous year will be found in our issue of June 23
1900, page 1418. '
dicate
s
on
the currency
TREASURY NET HOLDINGS.
Apr. 1 1967.
May 1 1907.
June 1 1907
Holdings in Sub-Treasuries—
8
8
Net coin and cold bullion
Net ‘diver coin and bullion
Net United States Treasury notes
Net legal-tender notes
Net national bank notes
Net fractional silver
Minor coin, &c
310,760.992
296.040,432
14.569.300
12,250.813
13,242
4.701.774
11.516,291
8.419.788
2.049.247
Total cash in Sub-Treasuries
Less gold reserve fund
349,520.548
150.000.000
334.991,587 d331,656,154
150,000.000
150,000,000
Cash balance in Sub-Treasuries..
Cash in national banks
Cash in Philippine Islands
199,520,548
165,235.680
3,887.713
184.991.587
178.691.078
3.799,552
181.656,154
183.810,573
4.112.786
Net Cash in hanks. Sub-Treasuries.
Deduct current liabilities.a
368,643.941
115.775.938
367.482,217
116,093.875
369.579,513
111,949.848
252,868.003
251,388,342
257.629,665
4,934.502
10,388,420
7.375.520
1.490,495
...
.
Available e.-.sh balance
$
292.821.224
12,404,901
11.220
3,580.823
11,910.342
9,052,491
1,875,153
“Chiefly disbursing officers' balances.”
d Includes $2,774,565 silver bullion and $1,875,153 minor coin, <fc<\, not included
in statement “Stock of Money."
a
plonc tartjl ©n m m ctrciit
(From
our own correspondent.)
London, Saturday, May 2,5 1907.
Business is, if possible, more stagnant than ever.
Mem¬
bers of the Slock Exchange continue to declare that never
in their recollection has there been so little business doing.
No doubt there is much exaggeration in the assertion, bit
it is true to this extent that every department of the Stock
Exchange is depressed at present. Usually there is at least
department fairly active, however stagnant the others
may be, but now there is practically nothing doing in any
single4 department. The impression in the4 city is that tin*
main cause is the extraordinary situation e>f the American
railroads.
The long liquidation at the beginning e>f the year,
the relations of tie4 Government to the- railway companies
and the fe4ar of short crops all, e>f ce> use, have their depre sshig
one
infliie4ne*e4.
But at the4 moment the4 unfavorable influences
of all kinds are very numerous.
The unre st in India and in
Egypt. th<4 fear of short crops over the greater part of Europe,
the ticklish state4 of Morocco, the temper of Germany, the
delicate relations between Germany and France, the4 very
grave condition
the danger that
of Russia, the strikes all over the world,
the strike on the Transvaal may stop the
gold production for a while and thus cause grave incon¬
venience to all the money markets of the world, and the apprehension that there may be a great railway strike here at
paid
over a
considerable amount to the Bank of England
recent issue.
Another bank, for some un¬
known reason, has been calling in large sums it had previously
lent out.
Over and above this, the Bank of England is re¬
account of
a
paying to the Bank of France the gold advanced by the latter
institution some months ago, and the repayments will con¬
tinue till the end of tin4 half-year.
The outside market has
had to borrow largely from the Bank of England, and it is
apprehended that the borrowings will be
Total in banks
183.810.572 50 |
In Treas. of Philippine Islands—
j
Credit Treasurer of U. S.
1,751,741 41!
Cash Balance andh(serve—
Credit U. S. dis. officers.
2.361,044 75 j Total cash and reserve..
407,629,664 66
Made up of—
j
Total in
Money has-been this-week decidedly dearer, partly because
receipts of taxation by the Government have been .un¬
usually large for this season of the year, and partly because
the
on
account
over April
good, speculation
it is alleged that < veil
so
considerable sums have been transferred from tin4 open
market to the Bank of England.
One bank, for example,
64,794,044 17
11,910,342 00 'Miscellaneous Items
9.052.491 20
150 24 Total general liabilities.
1,834.312 55
40,689 85
marvelous increase
a
23.376.255 36
|
11.220 00
National bank notes
Fractional silver coin.
Fractional currency
Minor coin
Bonds and interest paid.
LXXXIV
may
RECAPIT ELATION.
♦
[VOL.
THE CHRONICLE.
1346
on a still more,
considerable scale next week, for the fortnightly settlement
at the end of the month will then take place and the banks
will call in as usual large sums preparatory to the making
up of their
In Paris,
returns at the end of the month.
likewise, money is comparatively dear.
Rare s
undoubtedly stiffer than in London. Th.s is due partly
to the great activity of trade, partly to the4 new issues of all
kinds in Paris and partly to political apprehensions.
It is
probable that next week the comparative stiffness will con¬
tinue in preparation for the monthly liquidat:on.
In Berlin
money is very scarce.
The subscriptions to The new Im¬
perial and Prussian loans are being completed, and probably
therefore large amounts have had to b 4 borrowed.
In addi¬
tion to this, the French banks which had been employing
large balances in Berlin have this w« ek been withdrawing
a considerable proportion of the same.
In all probability
the scarcity and dearness of money will be increased next
week in consequence of the usual demands at the end of the-4
month.
Early in June, however, there ought to be a return
are
of
ease
unless the strike of the miners
on
the4 Randt
increases
apprehension. The white miners who are on strike receive
very high wages, and it is alleged that their houis of work
are4
very moderate.
However, their relations with their
employeis are very strained, and a section of the strike) s
is putting so much pressure upon the mineis who have not
yet come out that the Government has found it necessary
to send troops to maintain order.
It is possible* of eours°,
that the action of the Government may induce4 the majority
of the miners to refuse to strike4, and may lead several who
have4 already gone out to return to work.
If not, the fear
will become intense that the production of gold may be4 re¬
duced so materially that by and by the international money
market may be seriously disturbed.
The India Council offeree! for tender on Wednesday 40 lacs
of its bills, and the applications exceeded 432] 2 lacs, at prices
ranging from Is. 4el. to Is. 4J/£d. per rupee. Applicants for
bills at Is. 4 l-16d. and for telegraphic transfers at Is.
4 3-32d. per rupee were allotted about 39% of the amounts
applieel for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &<*.,
compared with tin4 last four years.
1907.
May 22.
1906.
1905.
1904.
May 23.
May 24.
May 25.
£
Circulation.
Public deposits
Other deposits
Governin't securities
Other securities...
Reserve, not os it coin
Coin&bull. .both dep
Prop, reserve to liabilities
; _p. c.
Bank rate
p. c.
Consols, 2Jo p. c
_
£
£
28,911.545
10.942.785
41.682.478
15.321.023
30,552.771
24.680,182
35,141.727
£
2s.S52.155
11.682.106
40,252,049
15.749.522
26.893.103
27.148.384
37,550.539
28.623,070
10,328.067
42-. 123.808
15.977.281
.31.234,166
23,187,279
33,360,349
s
29,178.570
8,594.891
40,254,292
14.799,631
27.047.602
24.846.056
35.849,020
**
46 13-16
44's
484
50*4
3
31 j
90'4
919/
25 "id.
24?sd.
153,970.000 159,254,000
..
The rate
£
28.372,090
7.464,073
39,763.591
16,960,790
25.337.174
22,758.248
32,780,338
52 ’2
4
4
2H
84 +
90 3-16
S9 11-16
Silver
27 5-16d.
30 fid.
31 5-16d.
Clear.-house returns 201.770.000 209.951,000 189,198,000
.
1903.
May 27.
.
for money
have been
as
follows
May 24.
May 17.
May 10.
May 3.
4
4
4
4
Bank of England rate
Open Market Rate—
Bank bills—3 months
—4 months
—6 months
Trade bills—3 months
—4 months
Interest allowed lor deposits—
By joint-stock banks
By discount houses:
At call
7 to 14 days....
3 V,
3 V 03 fa
3 3-16
3 3 -16 0:3*4
Vi
3% (d)4
3<a,4
314 (&33f*
3Hr&’SH
3 Hi 03*1
iO4 03*2
3 ’2
2,4
2*2
21 j
24
2H
"
l
3 0 3+
3 3-16034
3 1-16
3*4
24
2um
-
2’ 2
2 "i
3’4 03 +
34 @3a*
3*2 0 3*4
2J
2
2
’
2H
-
rates at the
The Bank rates of discount and open market
•chief Continental cities have been as follows:
Kates
May 25.
Open
Bank
of
Interest at
Rate. Market.
—
Ski
Ski
Ski
-
May 11.
May 4.
Bank
Open
Rate. Market.
Bank
Open
Rate. Market.
3H
3ki
3ki
Ski
Ski
Ski
5
5
3*
4M>
4H
11-16
4 '/i
3%
4ki
4H
4ki
3ki
Ski
5ki
Ski 4
4 9-16
4%
5
5
_.
May 18.
Bank
Open
Rate. Market.
3H
4ki
4ki
3H
Paris
Berlin.
Hamburg
Frankfort
Amsterdam
Brussels
3H
4 3-16
Vienna
»St. Petersburg
Madrid
4ki
4V2
4
4ki
Copenhagen
G
5ki
6
5
4
Ski
4H
Ski
Ski
Ski
4Vh
4 9-16
5
5
5
4V*.
7
7
write
Abell
Pixley &
Messrs.
3%
4H
4*4
4VX
4H
3%
4ki
5
7
7
..
4 hi
4
4
6
Ski
6
3H
4 5-16
ki
4
5 ki
of
follows under date
as
May 3:
GOLD.—This week’s arrivals have been small, amounting to about £400,000.
Paris took a small portion, and after the usual Indian demand had been satisfied the
Bank secured the balance, about £200,000.
The movements at the Bank are as
follows:
Bought, £2S7,000, chiefly in bars; sold, £600,000, of which £360,000 is
for Paris and £200.000 for Singapore.
Next week we expect about £990,000 from
the Cape.
Arrivals—Cape, £341.000; Bombay, £74.000; Australia, £12.000;
£n,000:
West
Africa,
Shipments—Bombay, £165,Brazil.
£2.000; total. £434.000.
000: Colombo, £13.000; Calcutta, £45.000; total,
£223,000.
during the past week, and to¬
SILVER.—The market has continued to advance
day’s spot quotation is 307Ad. China was a moderate buyer at the end of last week
at the rates then ruling, whilst during the whole week the Indian Bazaars have been
buying either for shipment to India or to cover the bear position they had open on
this market.
A special order has also helped to affect the market.
Forward has
quoted from the same as spot to .Hd. higher, closing at 31d. The Indian price
is Rs. 78 9-16 per 100 tolahs.
Arrivals—New York, £91,000; Brazil, £4,000; total,
£95.000.
Shipments—Bombay, £60,000; Colombo, £5,000; Calcutta, £11,000;
been
total, £76.000.
quotations for bullion
GOLD.
London Standard.
May 23.
d.
s.
follows:
as
SILVER.
May 23.
|
London Standard.
d.
'Bar silver, fine, oz.,.30H
d.
77 10
76 5
*76 5
' *76 5
77 10
76 5
oz_*76 5
French gold coin, oz. _*76 5
Japanese yen, oz.
*76 5
reported
are
at their melting
May IS |
s.
Bar gold, fine, oz
U. S. gold coin, oz
German gold coin.
*76
1 “ 2 mo. delivery, oz.31 -ICake silver, oz
33 5-16
i
Mexican dollars
May 18.
d.
30 5-16
30 5-16
32 11-16
nom.
nom.
i
5
following shows the imports of cereal produce into
United Kingdom during the season to date, compared
with
IMPORTS.
Thirty-eight weeks.
Imports of wheat, cwt
Barley
I
.17.060,434
16,961,100
7.651,610
1,351.990
369,330
Beans
Indian corn
Flour
35.868,894
10.138.187
1903-04.
65,391,869
1904-05.
74.732,000
1905-06.
60,857,700
Peas
25.871,968
17,681,900
11.250,963
1.755,760
1,751.278
10,176,900
1.585,425
1,246.280
31,059,300
8.635,720
9.832,800
1.275.805
520,440
32,963,300
10.934.400
36.167,415
15.875.255
available for consumption (exclusive of stock on
September 1):
s
imported, cwt
_
Imports of flour
Sales of home-grown
Total
1906-07.
1905-06.
1904-05.
1903-04.
62,872,104
10.138.187
21.557,675
60,857,700
10,934.400
74.732,000
8,635,720
65,391,869
15,875.255
94.567.966
97.827.116
95.897.579
96.114.735
28s. 4d.
26s. 6d.
30s. 3d.
28s. 4d.
30s. lOd.
30s. 5d.
26s. 9d.
27s. 3d.
wheat, week
Average price
price, season
Average
The
8.7213—Thlie
TO
APPLICATIONS
14.847,611
12.529.859
26.035.016
following shows the quantities of wheat, flour
and
maize afloat to the United Kingdom:
This week.
Wheat
Flour, equal to
Maize
CONVERT
as
qrs.
3.260.000
qrs.
180.000
...qrs.
610.000
I.asttecrk.
3.182,000
1905-06.
1904-05.
3.885.000
3.165.000
135,000
170.000
163.000
The Thurmond Bank, Thurmond, West
National Bank.’
Capital, $50,000.
The Citizens’, State Bank of Creighton,
National Bank.”
Capital, $25,000.
reported by cable have been
as
-
■
..
follows the past week:
Turs.
31
S3 11-•16
83 15- 16
Wed.
31
S3 4
84 1-16
95.15
74
84 13 -16CS4 4
For account
French rentes tin Paris). fr. 95.15
95.124 95.22 4
74 4
7o
Russian Imperial 4s
744
83 4
824
S3 3 4
do
do
new 5s
S31,
85
864
Amalgamated Copper Co..
87*i
89«4
1 1 >4
114
114
t> Anaconda Mining Co
114
90
89
89 4
Atchison Topeka A- Santa Fe 90 ss
95.4
95
ki
954
Preferred
954
96
95 4
964
964
Baltimore A ()hk>
88
SS
SS
88
Preferred
172-4
171 '4
1694 ' 172
Canadian Pacific.
35
34 4
35
35 ki
Chp«fti>eake A Ohio
104
10
10
10
Chicago < Jreat V estern
129
128
4
1284
Chicago Milw. A St. Paul
129M>
254
25
25
Denver A Rio Grande, com
264
73
72 4
72
Preferred
724
22
21
21s*
214
Erie, common
57 4
.) i
58
1st preferred
57.4
36
36
36
36
2d preferred
140
140
1
10
Illinois Central
14016
113 4
1 124
1 13
114
Louisville A Nashville
2!
214
19 >4
20
Mexican Central
33
32 4
31 4
Missouri Kansas A Tex., com. 32.4
65
64 4
64 4
Preferred
644
52
53
514
514
National Rli. of Mexico
112
113
4
1
13
4
n
3
Y.
Centra!
River.
N.
A Hud.
33 4
324
33 4
33 4
X. 5
Ontario A Western
74 4
74 c
*734
Norfolk w Western, com.
744
82 4
x2 y<>
82 4
Preferred
824
126
1 25
124
126
Northern Pacific
.
.
...
_
..
.........
...
...
.
.
_
.....
.
.
..
..
_
.......
...
..
.
..
.
a
a
1st
o
preferred
.
41
40
19
.......
2d preferred
Rook Island ( o
Southern Pacific
Southern Ry
common
Preferred
a
ls4
•
.
....
.
_
.
Extended 4s
.a
Price per
share,
75 4
18 4
12
■
4
23
23
63 4
b f. sterling.
404
994
_
.
40
90
oil
.
_
52
58 4
1334
59
1364
Union Pacific, common
90
Preferred
U. S. Steel Corp., common.. 334
100
Preferred
Vi alvtsh
124
Preterred
614
5!
■11
4
19 4
4
78
,
61
50
11
60
614
514
Pennsylvania
Reading f
BANKS
NATIONAL
Virginia, into “The Thurmond
Nebraska, into “The Creighton
ORGANIZED.
Certificates Issued from May 27 1907 to June 1 1907
Inclusive.
Bank of Fairfax, South Dakota. Capital,
$25,000.
C. A. Johnson, President; John N. Kllerman, VidePresldent: U. G. Stevenson. Cashier; Chester Johnson, Assistant
National
First
Conversion of The Fairfax State Bank.
First National Bank of Monroe, North Carolina.
Capital,
$100,000.
O. P. Heath. President; J. R. English, Vice-Presi¬
dent; Roscoe Phifer, Cashier; W. C. Crowell, Assistant Cashier.
Cashier.
People’s Bank of Monroe.
First National Bank of Manhattan, Illinois.
Capital. $40,000.
Aaron Greenwood, President; Charles Ingraham, Vice-President;
Edward L. Wilson, Cashier; BenJ. J.
Baskerville, Assistant
Conversion of The
Cashier.
Lebanon National Bank, Lebanon, Tennessee.
Capital. $30.S. G. Stratton. President; H. F. Hearn and I). J. Shipp,
Vice-Presidents; F. C. Stratton, Cashier.
000.
Citizens’
$25,000.
B.
National Bank of Waurlka. Oklahoma. Capital,
V. Cummins,- President; Walter P. Harper and
O. E. Heacock, Cashier
A. A. Brenneman, Vice-Presidents;
A. C. Heacock, Assistant Cashier.
Citizens’ National Bank of Laurel. Montana. Capital, $35,L. A. Nutting, President; B. G. Brockway, Vice-Presi¬
dent; R. S. Fudge. Cashier.
Ontario National Bank of Clifton Springs, New York.
Capital,
$25,000.
Geo. H. Moorhead, President; Roderlc L. Leland,
Vice-President; Dudley D. Merry man, Cashier.
Union National Bank of Fresno. California.
Capital, $150,000.
W. O. Miles, President; C. R. Puekhabcr, Vice-President; W. R.
prjce
Qsshicr
Poplarville, Mississippi. Capital, $50,000.
Bilbo. Vice-President; D. L. Batson,
Cashier; M. N. McCoy and J. J. Scarborough Jr., Assistant
Cashiers.
Conversion of the Bank of Poplarville with branch at
of
Bank
N. Batson. President: J. O.
Capital,
Security National Bank of Minneapolis, Minnesota.
F. 4. Chamberlain, President; Perry Harrison,
Vice-President: J. S. Pomeroy, Cashier: Fred Spallord and Geo.
Lawther, Assistant Cashless.
Conversion of the Security Bank
$1,000,000.
First National Bank of Sheridan, Oregon.
Capital, $25,000.
L. Scroggln, President: H. H. Winslow, Cashier.
Bath County National Bank of Hot Springs. Virginia.
Capital,
$50,000.
Henry S. Pole, President; J. L. Blakey, Vice-President;
W. 11. MeConihay Cashier.
Capital. $25,000.
Vassar National Bank, Vassar, Michigan.
Frank Hellerlek, President; Ewing H. Knight, Vice-President;
Geo. D. Clarke, Cashier; Roscoe C. Wlxson, Assistant Cashier.
LIQUIDATION.
634
c
19
76
IS
58 4
■
Fit.
Thur t
30 13- 16 30 11-16
83 13-10 S3 9-16
S3 4
837 s
95.10
95.174
.
734
824
85 4
864
114
114
4
904
954
054
95 4
964
KS
88
1724
173
35,4
104
130
254
GOVERNMENT REVENUE AND EXPENDITURES.—
Through the courtesy of the Secretary of the Treasury, we
enabled to place before our readers to-day the details of
Government receipts and disbursements for the month of
From previous returns we obtain the figures for
May.
previous months, and in that manner complete the state¬
ment for the eleven months of the fiscal years 1900-07 and
1905-06.
For statement of May 1906 see issve of July 7
1906, page 1S.
are
RECEIPTS AND DISBURSEMENTS (000s omitted).
36
10
130
20
cr cr
§1
cc o
© o
Cm C5
"5
o
o
p
•a -a
5T
X
1
1
;
;
CO
>—*
toVi
cb
3 o
Cn o
ci CO
CO 4-
to to
~3
^
4*
cm
3
C 3
-
33 4
744
824
1274
125
61-4
524
62
534
41
41
404
404
214
77? i
20
4
77 4
1354
cTh
CO TO
10 ►-*
O 95
894
894
334
994
12 4
344
1004
34 4
1004
124
12 4
234
234
634
63
89
344
1004
12 4
23 4
634
05
CO
to
o
_
£0
i
io o
c’: : : : s
: %
:
-U
3
o to
o. to
^
^
at
3
*—
Cn
4.CICHCCW
4-
—
b»
•—
Vj
M Cn W
o
cc Cl 10 CJ» x
05 ^ CO CO ^4 O O
—
Oi
4- Cm
o
co-ico Wi—
w
f—
3
^4 05 to ^1 a ^4
X C5
X
05 CO
-J -1
/
3 Oi
X
C 3
-4
O CC 3 O Oi
-1 OI 3 On 4- Oi Oi
Oi
A. 3 ►- Ot
1—
1C
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1374
^003
miscel. 1905-0 disbure
;;;;;;;
to
36
1134
and em'ts
tal
u*.
t
36
141
114 4
65
51 4
114
34 4
7 51 \
82 4
X
05 CO
574
64 4
'Si
I:
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51
Works
ons
ns
Inter Publi Pensi India Navy War Civil isburs Toi
3 C.
c» to
324
c
V 2
to
20 4
cst
9-cr
C-
O 05
204
314
Inter Publi Penal India Navy War Civil isburs To
o> 3
58
111
115
a ^
g-E
^
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74 4
224
41
604
'J.
724
22 4
404
204,
764
194
GO*
S3
S3
o
CC
© cc
135
89 4
Ex-dividend.
82
90
18s,'
59 3i
1364
23
63
734
placed in
5,664—The First National Bank of Thomasville, Alabama, was
voluntary liquidation June 1 1907.
785.000
860.000
530,000
English Financial Markets—Per Cable.
daily closing quotations for securities, &(\. at London
London,
Mon.
Sat.
TIVct* ending J une 7
Silver, per oz.
d. 31 1- 16 31
Consols, new.21”, percents.. 84 9- 16 fS3 ?*
•a
BANKS
NATIONAL
INTO
APPROVED.
>
The
following information regarding
Treasury Department:
S.
1906-07.
.'...62,872,104
Oats.
Wheat
national banks is from the
of Minnesota.
previous seasons:
►Supple
88..771125609——TTNhhaeetionl
Banks.—The
National
Sandersville.
The
the
88..7711423——TThhee
®0tmncvctal and IJliscellancattslleuis
000.
MEXICAN DOLLARS.—A few transactions have taken place
value.
The
1347
THE CHRONICLE
1907.]
June 8
cn
bi <ft
Iv 05
O' 4.
C
r?’2-o>
95-t 3
r'
3 —
C-J S.
a
*4
C
3
t—*
t—*
BANK NOTES—CHANGES IN TOTALS OF, AND IN
DEPOSITED BONDS, &c.—We give below tables which
show all the monthly changes in bank notes and in bonds
and legal
tenders on deposit.
The statement for May
1906 will he found in our issue of July 7 1906, page 18.
Name oj
ders on
Deposit for
May 31
April 30--.
553,199,050
550.137,900
552.955,950
553.253,550
551,263,840
549,750.830
539,653,180
530,772.270
526,944,030
520,388,610
520,605.210
McL. 30
28
31
31
30
31
Sept. 29
Aug. 31
July 31
June 30--.
549,737.373
549.698.547
549,280,084
540,981,447
536,933.169
527.768,924
524.439,160
516.573.399
517.847,749
46,882,385
46,399,102
46.238.816
46.134.184
45,413,143
44,907,046
43,264,611
601,940,550
599,913.840
48.325,976
49.709,069
49.579.000
46,605.649
553,614,574
550.204.771
547.633.063
48,325.976
49,709,069
49.579,000
46.605,649
46,498,995
%
$
$
$
$
556,937,300
Total.
Tenders.
Bonds.
Tenders.
596,343.022
596,197,569
596.162,469
593,380.549
583,171,985
573,903,108
569 852,303
561,481,045
561.112,360
46,399,102
46,238,816
46.134.184
45.4t3.143
44.907,646
43,264,611
1907 to Secure
U. S. Bonds Held May 31
Bonds
Deposit
May 31 1907.
on
7,412,000
60,358,900
1,113,000
89,851,675
1.337,350
13,334,150
11,724,420
593,497,050
1,113,000
89,851,675
1,713,000
9,761,000
1,713,000
9,761,000
730,000
730,000
S195,833,725
$752,771,025
626,750
7,859,400
4,362.420
527,138.150
Philippine loan.
Porto Rico
Total
on
$556,937,300
deposit May 31 1907
$29,659,380
$12,708,800
710,600
5,474,750
*16,950,580
2 per cents, Panama Canal
4 percents, funded, 1007
4 per cents, 1895, due 1925
3 per cents, 1908-1918
2 per cents, Consols 1930
3.65s, District of Columbia, 1924-State, city and railroad bonds. ..
Hawaiian Island bonds
Total
Held.
Public Deposits
in Banks.
Bank
Circulation.
to
June 30
Holders of rec. May 25
to
June 27
July 15
to
June 16
Holders of rec.
1
to
June
to
June 14
to
June 23
to
June 23
to
June 11
to
June 18
to
June 11
10
19
15
15
Julv
1
May
i
June 9
June 18
July 15
July 15
2
Norfolk A Western, common
St. Louis A San Francisco—
Chic. A Eastern III. com. slk. tr. certs..
24
June
29 July 17
19 Holders of
5
Preferred stock trust certificates {qu.).
K. C. Ft. Scott A Mem. pf. tr. clfs. {qu.)
Southern Pacific, com, (quar.) (No. 3)
Preferred (No. 6)
Union Pacific, common (quar.)
14
July
July
July
July
July
July
1
1
1
1
12
1
June 16
June 16
June 16
June
75c. July
June
14
Holders of rec. May 15
Holders of rec. June 15
to
June 17
June 11
June
June
15
15
29
15
30
15
1
29
15
July,
July
1
1
June
June
15
30
1
14
24
4
24
24
34
14
l
.
14
34
24
14
Chicago City Railway {quar.).
Consolidated Traction of New Jersey
Continental Passenger Railway, Phila....
Lynchburg (Va.) Traction A Light
Metropolitan St. Ry., N. Y. (quar.)
Metropolitan West Side El. Chic, pf. (q.)
Northern Ohio Traction A Light (quar.)
Portland (Ore.) Ry. L. A Powcir, pf. (qu.).
Puget Sound Electric Ry., Seattle, pref
Roanoke Railway A Electric
South Side Elevated, Chicago (quar.)
TwinCilyR.T., Minneapolis,pref. (quar.)
Union Traction, Philadelphia..
United Traction A Elec., Providence (qu.)
against national bank circulation and to secure public
moneys in national bank depositories on May 31.
i June 15
15
15
1
15
July
July
July
July
July
July
July
July
July
July
Street Railways.
American Railways (quar.)..
Boston Suburban Electric Cos., pref. {qu.)
For full explanation of the above table see the issue of
Dec. 14 1901, page 1232, the first item in Financial Situation.
The following shows the amount of each class of bonds held
June
3
2
2
Morris A Essex. 1
New York Lackawanna A Western {quar.)
Neto York Ontario A Western, common
597.212.063
46.498,995
46,882.385
Books Closed.
Days Inclusive.
July
24 June
24 July
24 July
24 June
14 -June
Hocking Valley, common
Preferred
Interborough-Metropolilan, pref. {quar.)_
Interborough Rapid Transit {quar.)
Kansas City Southern, preferred
Little Schuylkill Nav., RR. A Coal
Missouri Pacific (No. 57).
Legal-
LegalBonds.
When
Payable.
1
.
Bank Circulation.
1906-07.
LXXXIV
Railroads (Steam)—Cont.
Circulation AJloat Under
,
Per
Cent.
Company.
Chic. Rock Island A Pacific (quar.)
Delaware A Hudson Co. (quar.)
Denver A Rio Grande, preferred
Detroit A Mackinac, pref
East Mahanoy
Erie A Pittsburgh {quar.)
Greene RR
Bonds and Legal-Ten¬
Feb.
Jan.
Dec.
Nov.
Oct.
[VOL.
THE CHRONICLE
1348
2
July
$3
June
June
14
14
4
4
14
July
3
3
1
July
July
July
14
24
14
1
1
1
16
20 June 21
1 June 11
1 June 16
July 21
to
to
to
to
June 30
June 30
July 29
to
July
to
July
July
to
to
l
July 15
May 31
to
1
Holders of rec.
Holders of rec.
to
June 21
to
June 23
Holdecs of rec.
Holders of rec.
Holders of rec.
Holers of rec.
to
June 20
Holders of rec.
to
June
9
to
June 12
l
l
June 29
June 16
rec.
May 30
1
1
May 31
rec.
Holders of
July
June 30
June 30
July l
June
l
July
l
June 28
June
1
June 15
June 18
June
1
June 30
June 17
June 30
July
1
July
July
1
1
Banks,
Consolidated National
Plaza
3
10
July
July
3
3
3
2
July
July
July
to
1 June 21
1 June 23
to
Trust Companies.
Fifth A venue (quar.)
Manhattan..
Extra
Van Norden (quar.)
—
Holders of
June
1
1
1
29
14
June
15.June
14
July
July
July
July
July
1
1
1
1
1
20
1
'
June
6
June
6
June 21
,
rec.
June 29
to
to
to
July
July
to
June 16
June 22
1
-1
June 30
Miscellaneous.
Alabama Consol. Coal A Iron, pref. (qu.)
American Beet Sugar, pf. (qu.) (No.32)-American Can, preferred (quar.)
Amcr. Car A Fdry., com. (quar.) (No. 19)
The foregoing does not include the bonds held in the New
York Sub-Treasury against deposits in banks.
The following shows the amount of national bank notes
afloat and the amount of the legal-tender deposits May 1
and June 1, and their increase or decrease during the month
of May.
National Bank Notes—Total Afloat—
Amount afloat May 1 1907
Amount issued (luring May
Amount retired during May
_$7,423,950
5,397,240
Amount of bank notes afloat June 1 1907
on
2,020,710
S49,709,009
1,383.093
March 1.
April 1.
May 1.
June 1.
S
S
$
$
$
Deposits by—
Liquidating banks
Reducing under Act
1874*-.-
of
29.715,583 30.247.35S 32,778,609 32,863,210 31,932.118
..
1
♦Act of June 20 1S74 and July 12 1SS2.
Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian II. Muller & Son:
Auction
|
Stocks.
Guggenheim hxplor. Co
32 Title Guar. & Trust Co
4 Bank of N. V.. N. B. A
100
1 Clinton
5 Canada
Mall Association
.
Stocks.
210 4 $133,000 Nat. Wire Corn. 1st 6s
475
j 1920, Oct.'1902 and subse296
\
50
quent coupons attached
57
| $80,000 Safety Insulated Wire
Realty Co
$20persh.j
<Sc Cable Co. 1st' 6s, 1942,
200 Casein Co. of America.
3
;
Aug. 1906 and subsequent
1 Blooming Grove Hunt. &
j
coupons attached..
50
Fish. Club
140
52,000
Dry Dock IS. B. A
50 Seaboard Co. first pref
55 4 j
Batt. RR. 5s 1932,.J & I) __103
June
July
1
June
o
Prcftrrcd (quar.) (No. 32)
American Snuff. common (quar.)
Preferred (quar.)..
14
24
14
14
14
14
July
July
July
July
July
July
July
July
l
June
Clove. A Sandusky Brew., com. (quar.).
Preferred (quar.)
Columbus Gas A Fuel. pref. (quar.)*—
Colu'hus A Hook.Coal A Iron, new pref.
Consolidated Gas of New York (quar.)..
Diamond Match (quar.)
Denver Gas A Electric (monthly)
duPont(E.I.)deNemoursPow.,com (qu )
Eastman Kodak, common (quar.)
Preferred (quar.)..
Equitable Ilium. Gas Light, Phila., pref..
Federal Mining A Smelting, com. (quar.)
Common,
extra
Preferred (quar.)
General Chemical, prof.
..
.
(quar.)..
Guggenheim Exploration (quar.) (No.IS)
ihgersoll-Rand. preferred
International Paper, pref. (quar.)
.
(quar.)
Preferred
Mackay Companies, common (quar.)
Preferred (quar.)
Maryland Coal, preferred
.....
.
Railroads (Steam)
Ashland Coal A Iron Ry. (quar.).l
Atchison Topeka A- Santa Fe. preferred..
Atlantic Coast Line Company (quar.)___!
Atlantic Coast Line RR.. common
_i
Boston A Albany (quar.)
Boston & Lowell
Boston A Maine, common (quar.)
Boston Revere Beacn A- Lynn
[
Chicago A Alton, preferred
Prior lint and participating stock
Chicago A Eastern Illinois, pref. {quarA.
Chicago Indianapolis A Louisville, com..
Preferred
Chicago A North W'estern, common
Preferred (quar.)
When
24
24
Juno
A ug.
June
3
July
24
June
1
4
July
14
July
.July
3
2
2
14
14
July
July
July
2
June
June
34
Julv
2
July
j
Is
Books Closed.
i
Days Inclusive.
Holders of
20
1
10
10
29
2
1
July
6
June
1
June2
Holders
May 26
Holders
1 'Holders
June 15
Aug.
1
to
June
9
to
July 10
1
of rec. June
to
June
1
of rec. June 15
ot rec. June 15
rec.
to
i
—
i
June 19
June 2S
June 13
June 28
June 13
3
Holders of rec. June
of
rec.
June 3
Holders
1 June 16
28
28
1
1
to
to
to
14
24
14
14
l
-
Preferred (extra)
Rubber Goods Mfg.. pref.
(quar.) (No.33)
S:vfety Car Heating A Lighting (quar.)..
Extra
Soars, Roebuck A Co., preferred (quar.).
Standard Oil (quar.)
Streets Western Stable Car Line. pref
Swift A Company (quar.)
Union Bag A Paper, preferred (quar.)
United Bank NoteCorp., pref. (quar.)..
United States Leather, preferred (quar.)
U. S. Red. A Refs., pref. (quar.)(No. 16)
U. S. Steel Corp., com. (quar.) (No. 14).
Waltham Watch, common
Waterbury Co. of HYsf Virqinia (quar.)..
Waterbury Co. of New Jersey, com. (e/uar.)
Preferred (quar.)
..
White (J.
G.) A Co., Inc., pref. (quar.)..
June
July
July
July
July
June
June
June
June
14 June
14 July
14 July
1
J une
24
4
14
24
14
June
July
June
July
July
3
June
14,
34
June
June
14
June
14
2.4
July
July
3
14
14
14
21
T
July
July
July
June
June
July
July
i
24
14
Lighting Cos. (quar.)
National Biscuit, common (quar.)
National Enam. A Stamp, pref. (quar.)
National Load, common (quar.) (No.14)
Preferred (quar.) (No. 62)
Philadelphia Electric
Quaker Oats, common (quar.)
Common (extra)
Quincy Mining (quar.)
—
Railway Steel Spring, preferred (quar.).
Republic Iron A Steel, preferred (quar.)
Massachusetts
following shows all the dividends announced for the
future by all large or important corporations.
Dividends announced this week are printed in italics.
Payable,
2
-
Laclede Gas Light, common
The
J
S20
14
14
(quar.)
International Silver, preferred (quar.)
DIVIDENDS.
Name o] Company.
14 June
50c. June
Minin"
_
Per
Cent.
O
—
46,498,995 40,605,649 49,579,000 49,709,069 48,325,976
Total
14
Preferred (quar.)
Chicago Telephone (quar.)
•
July
2
Celluloid Company (quar.)
Central Leather, preferred (quar.)
Chic. June. Rys. A U. Stk. Yds.com.(qu.)
1,172,621
June
American Pipe Manufacturing (quar.)...
American Radiator, common (quar.)
Amcr. Smelt. A Ref., com. (qu.) (No. 15)
Childs Company, common (quar.)
Preferred (quar.)
1,119,171 1,096,371 1,028.221
15,547,130 15.185,670 15.OS 1,220 15,749,488 15,365,637
1,236,276
Insolvent banks..
2
1
3
—
Ruttp Coalition
portion of legal-tenders deposited (1) by banks be¬
coming insolvent, (2) by banks going into voluntary liqui¬
dation and (3) by banks reducing or retiring their circulation,
was as follows on the first of each of the last five months:
Feb. 1.
n
Calumet A Hecla Mining
The
Legal Tenders.
14
—
American Sugar Refining, common (quar)
Preferred (quar.)—
American Telephone A Telegraph (quar.).
American Tobacco, preferred (quar.)
Barney A Smith Car, common (quar.)..
Borden's Condensed Milk, pref. (quar.).
S4S.325.970
deposit to redeem national bank notes June 1 1907-
-
Fxpress
American Graphophone, common (quar.)
America
$001,940,550
-
Legal-Tender Notes—
Amount on deposit to redeem national bank notes May 1 1907
Amount deposited during May..
SI,800,305
Amount of bank notes redeemable In May
3,183,398
Amount
Preferred (quar.) (No. 33)
1
American Caramel, pref. (quar.)... —.
American Chicle, common (monthly)
$599,913,840
1
14
—
14
14
14
14
14
24
14
4
$4.50
14
14
2d.
June
June
Julv
July
July
July
June
June
July
July
June
J une
July
July
14
June
2
July
o
14
July
July
S9
June
34
14
July
1
July
July
July
July
July
July
July
July
July
July
14
14
14
4
14
I
24
2
14
a Transfer books not closed,
d On account
remainder of such dividends unpaid.
Julv
15
1
29
15
1
1
1
2
2
15
1
15
15
26
28
6
Holders
June 18
June
7
June
7
June 12
June 15
Holders
Holders
Holders
June 23
June 29
June 15
June 16
June 16
June
2
June 2
June 17
June 16
1
1
1
1
29
10
10
15
15
1
l
15
15
1
15
1
May
of
rec.
to
to
to
to
to
of rec.
of rec.
of
to
to
to
to
to
to
to
to
to
to
to
15
June
G
June 18
Holders
Holders
Holders
June 13
June 13
June 27
June
5
June 5
June
2
June
2
Holders
June 21
rec.
6
1
July 15
1
July
July
1
July
1
July 2
July 2
June 29
July
1
June 16
June 16
May 31
June 14
June 10
rec.
to
to
July
July
to
to
June 30
June 10
to
to
June 10
June 15
June 15
June 15
rec.
to
to
to
to
16
13
16
18
9
9
17
1 June
17
to
to
to
to
to
to
to
to
to
Holders of roc.
to
June 29
to
l'June 11
to
1 June 15
to
15 May 25
to
15 May 23
15 Holders of rcc.
Holders of
May 17
June 9
June 11
1 June 11
15 Holders of
1 Holders of
1 Holders of
1 June 16
15 Holders of
1 June 21
1 June 16
15
1 June 18
1 Holders of
1 June 21
1 June 13
1 Holders of
1 June 21
l June 21
1 June 21
1 tlolders of
July 1
June 14
June
5
rec. June 20
1 June
1 June
1 June
1 June
15 June
15 June
1 June
June 16
June 16
1
1
rec.
to
15
10
20
1
June
l
June 15
June 29
rec.
to
1 June
1
15 Holders ot rec.
1
to
15 June
to
l
15 June
to
1
15 June
to
l June 22
29
29
15
15
June 20
June 15
rec.
to
of
Holders of
Holders of
June
1
1
1
1
to
of
of
of
May 28
June
July
July
July
July
rec.
to
to
to
to
rcc.
rec.
rec.
June 16
June 16
June
June
June
June
July
July
July
8
9
9
9
1
1
1
June 30
July
1
June 16
June 16
June
June
June
June
29
29
30
30
Julyg 1
Julyj;i5
July1; 1
July
1
June 16
June
2
July
July
May
5
5
19
June 20
July
July
1
1
J une 8
June 14
June 14
to
to
July 1
May 20
July
1
1
July
to
July
rec.
June 10
June 30
to
rec.
to
to
rec
to
to
to
rec.
July
June
June
June
June
1
1
10
30
30
30
May 31
of accumulated dividends and being
June 8
Banks.—
The following statement shows the condition of the New
York City Clearing-House banks for the week ending June
1.
It should be distinctly understood that as to all items
except capital and surplus the figures are the^averages of the
daily results, not the totals at the end of the week. In
other words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
Statement of New York City Clearing-House
ciphers (00) in all cases.
We omit two
Batiks
00s omitted.
Loans.
Surplus.
Capital.
Deposits,
Lcgals.
j Specie.
a Ecs'rvc
City..
Chemical
Merchants' Ex.
Gallatin
Butch. & Drov
Mech.& Traders
Greenwich
American Exch.
3,000,0
750,0
524,8
2,394,5
161,6
910,3
69S.6
4,765,2
14,947,8
5,099,3
784,0
1,038,9
469,5
2,240,0
8,521,3
1,045,0
346,7
1,561,4'
890,71
4,834,2
1,204,8
Imp. & Traders’
1,500,0
7,276,6'
Park
East River
Fourth
Second
First
Irving Nat. Ex,
3,000,0
250,0
8,645,2
128,1
3,000,0
500,0
3,307,5
600,0
1,000,0
300,0
.
2,000,0
500,0
5,000,0
25.000,0
3,000,0
Commerce
Mercantile
500,0
Pacific
Chatham
450,0
People’s
200,0
2,000,0
3,000.0'
2,550,0
500,0
North America.
Hanover
Citizens’ Central
Nassau
Market* Fulton
1,000,0
2,000,0
Metropolitan
Com Exchange.
..
Oriental
Bowery
N. Y. County.
German-Amer
10,000,0
2,000,01
250,0
.
779,9
S59.2
Lincoln
Garfield
Fifth
....
004,0
100,0
200,0
200,0
500,0
1,000,0
4,827,0
1,894,9
S31.4
944,6
1,536,8
1,342,7
250,0
1,000,0
400,5!
1,718,0
200,0
West Side
Seaboard
1st Nat., Bklyn.
Liberty
N. Y. Prod. Ex.
NewAmsterdam
..
14th Street...-
852,7
1,000,0
1,413,3!
300.0
1,000,0
1,000,0
1,000,0
695,8
2,317,0
626,51
209,9!
1,000,0
1,000,0
011,4
424.0,
$
$
2,630,0
6,300,0
3,593,0
3,723,0
4,505,3
1,752,0
2,100,0
-
1,964,7
19,749,5
1,080,1
5,000,0
German Exch..
Germania
State
!
200,0
750,0
_
Chase
Fifth "Avenue..
Metropolis
S
%
16,603,0 26.3
29,500.0 28.4
17,731,0 26.0
1,027,0
15,144,0
2,164,0
22,128,0 26.6
21,909,0
24,310,2 27.2
2,115,0
22,532,2 i
122,0 j
7,839,0 |
7,400,0 28.0
1,953,0
144,792,6
28.7
159,675,9 39.280,9 2,265,0
23,623,6 26.2
4,561,1 1,645,6
24,872.7
151,1
1,339,3
6,383,2 23.1
6,152,8
6,907.8 26.0
614,9
9,156.4
1,187,1
2,442,0 25.9
2,238.6
558,1
73,5
19,760.0 26.3
3,640,0 1,568,0
16,065,0
300,0
6,500,0! 21.5
5,828,0
1,096,9
5,012,0 1,095.1
22.199.6i 27.5
28,339,2
151.018,7 24.509,3 9,910,9 132,325,2 26.0
15,243,6 26.0
908,9
3,056,4
20,009,7
3,963^5 22.3
374,1
509,3
3,249,3
632,5
5,670,6
857,5
5,639,6 26.4
1,889,0
562,4
401,9
2,655,2 36.3
15,261,9
25.4
2,609,7
1,275,2
16,086,0
69,705,3 26.0
60,100,9 11,060,6 7.096,2
19,495.0 27.5
19,963,6
3,270,7 2,102,8
342,2
515,0
4,122,2 20.7
3,609.7
•7,377,3
542.6
7,445,2 30.0
1,694,4
164,6
10,700,2
2,827,5
11,130,8 26.8
24.9
4.652,0
44,551,0
38,819,0
6,454,0
10,841,6 25.7
317,2
2,470,5.
10,012,3
1,451,0
22.277,0 24.9
4,103.0
25,510,7
88,518,0 25.7
77,870,0 17,350,0 5,413,0
1,643.0 23.1
218,0
163,7
1,423,1
19.421,5 26.2
2,966,6 2,128,9
19,461,8
9,411,0
26.0
9,903,0
1,078,0 1,369.0
90,683,5 17.096,6 1,494,7
75,455,0 24.6
15,691,4 26.3
15,893,1
3,112,8 1,017,5
93,0
3,505,0 22.7
3,188,0
705,0
6,435,9 24.8
5,164,4
1,066,2
533,1
823.0
192.0
3,534.1 28.7
3,652,1
56,927,0 24.0
53,022,8 12,505,4 1,195.1
2,011.6
956,8
10,218,9
11.022,2 21.9
825,0
215,0
4,422,1 23.5
3,546,2
673,4
6,115.1 22.1
681,9
5,149,3
961,4 2,379,1
13,491,8 24.7
12,561.0
307,9
7,447,2 25.5
1,594,0
7,244,7
179.3
3,108,6 25.2
3,057,4
605,5
1.727.7
852,6
10.425,9 24.7
10,436,2
445,0
4,044,0
539,0
4,235,0 23.2
19,837,0 25.3
3,345,0 1,681.0
17,200,0
258.0
461,0
3,962,0 18.1
4,461,0
593,0
11,691,8 25.0
13,380,9
2,330,7
435,2
7,881,3 26.9
6,589.5
1,689,3
4,463.8
881,4
5,567,4 23.8
444,6
26.4
15,988,0
4,018,0
207,0
12,978,0
397,8
7,519,2 26.1
1,567,0
0,804,6
$
IS,258,0
24,900,0
$
%
2,000,0 ! 3,039,9
2,908,8
2,050,0
1,607.1
2,000,0
3,627,3
3,000,0
4.080,5
1.500,0 !
454.5
1,000,0 !
25,000,0 22,276,0
5,400,1
3,000,0
New York
We omit two
ciphers (00) in all these figures.
V
Capital
and
Banks.
Loans.
Lcgals.
Specie.
Deposits, a
Surplus.
.
1
43,680,0
43,680,0
43.6S0.0
43.6S0.0
May 11..
May 18.
May 25-.
.
June 1..
Phila.
May ll
j 51,165,0
May lS-.j 51.165,0
May 25-.! 51.165,0
J une 1..
51,165.0
a
191,569,0
19,135,0
191,665,0
190.782,0
189,323,0
18,051,0
17,632,0
16,641,0
4,153,0
4.270,0
4,416,0
4,123,0
226,382,0
57.890.0
225.300,0
226,050,0
60,398,0
60,319.0
60,019,0
226,649,0
8,499,0
8.492.0
8.4S4.0
213,387,0
8,490.0
140.823,1
117,161,8
259,958.0 14,009,0
264,595.0 14,031,0
265,331,0 14,055,0
266,117,0 14,055,0
144.546.8
138,469,7
136,154.1
Including for Boston and Philadelphia the item “due to other banks’’ and
For Boston these Government deposits amounted
May 25 to $4,568,000.
Imports and Exports for the Week.—The following are
New York for the week ending June 1, also
beginning of the fiist week in January:
the imports at
totals since the
FOREIGN IMPORTS AT NEW YORK.
For week.
1906.
1907.
Dry Goods
General Merchandise
Total
Since January 1.
1904.
1905.
j $2,837,792
j 13,023,987
$2,191,669
8.716.6S6
$2,022,980
9,556,375
$15,S61,779
$10,908,355
$11,579,355
$8,942,459
S61.455.970
252,315.353
$51,990,826
209,748,055
|
Dry Goods
;
S83,103.999
S71.182.334
General merchandise
! 302,671,161
252,601,389
$1,338,546
7,603.913
i$385,775,160 S323,7S3,723 $313,771,323 $261,738,881
Total 22 weeks
1
I
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 1 and from Jan. 1 to date.
The
EXPORTS FROM NEW YORK FOR THE WEEK.
!
|
J
For the week
$9,959,917
$6,161,338
.J 259,077,574
Previously reported.
261,311,464
-!$265,238,912 l $271,271.3S1
Total 22 weeks
1904.
1905.
1906.
1907.
j
i
$8,613,737
223,853.282
$7,143,432
201,615,722
$232,467,019
$208,759,154
The following table shows the exports and imports of
specie at the port of New York for the week ending June 1
and since Jan. 1 1907, and for the corresponding periods in
1900 and 1905:
EXPORTS AND
IMPORTS
OF SPECIE AT NEW YORK.
a
Included, $31,013,200.
Imports.
Gold.
Reports of Non-Member Banks.—The following is the
week
West Indies
Wc omit two
on average
daily results.
[
Legal
Banks.
Capi¬
Sur¬
tal.
plus.
Loans
and
Invest¬
ments.
Specie.
Tender
and
Bank
Motes.
|
’
Deposit with
Clear¬
j
Century
Chelsea Exch
Colonial
Columbia
Consol. Nat.
$
100.0
200.0
100.0
100,0
300.0
103,7
427,8
442,3
1,000.0 1,137,2
144,4
200,0
200,0
Fidelity"
...
Mt. Morris..
Mutual
19th Ward..
Plaza
Riverside
12th Ward..
23rd Ward.'.
Union Exch.
Yorkville
Coal * I.Nat.
34thSt. Nat.
Batt.Pk.Nat.
...
Borough of
Brooklyn.
Borough
Broadway
Brooklyn
$
950,0
1,299,5
1.280,7
4,179,0
6,323,0
6,052,0
989,0
4,803,0
4,402,5
2,462,0
3,608,4
4,291.4
$
174,7
154,0
243,3
642,7
219,5
286,5
460,7
342,9
500,0
250,0
200,0
300.0
100,0
100,0
200,0
100,0
750,0
100,0
500.0
200.0
200,0
S
15,4
29,7
87,9
59,3
326,0
758,0
12,1
262,1
10,9
8
58,5
82,1
48,2
371,7
291,0
79,0
57,7
214,4
299,9
127,2
281,6
101,1
3,705.0
2,136.3
118,1
20,8
30,2
261,0
21,0
211,3
2,564,0
30,0
240,0
174,6
839,6
384.7
590.9
208.2
1,097,3
8,032,3
69,0
437,1
41,2
789,0
302,7
138,1
175,0
3,424,1
4,887,0
1,343,1
824,7
124,3
324,6
173,0
133,0
262,0
376,8
$
s
150,9
98,5
466,9
436,0
328,0
85,9
301,8
'i
71.4
124,0,
413,3
i
280,0;
4,723,0
1
484,7
154,6
898,9
1,029.0
94,5
191,0
136.2
512.1
30,0
1
151,8!
'50,4
926,2
5,700,5
4,366,2
3,103,2
3,580,5
4,968.1
4,707,0
2,247,6
j 2,860,0
603,0
137,8
46,7
44,9
174,5
218,8
171,5
..
Mfrs.’ Nat
Mechanics’
Nassau Nat.
National City
North Side..
..
.
156,3
3,355,2
2,721,5
150.0
405,4
300,0
252,0
1.993,8
727.3
4.623,0
896,5 11,777,5
945,6
5,898,0
637.0
3,209.0
212,5
1,671,9
152,8
1,000,0
750,0
300,0
100,0
12,5
125,5
397,5
253,2
238,0
232,9
87.6
275,0
300,0
120,1
34,5
123,0
709,3
585,9
476,0
390,0
118,7
830,4
1,327,0
200,5 4.957,8
163,2 13,173,9
5,890,0
87,0
3,624,0
308,2
1,970,0
129,0
22,8
426,0
49,3
Nat...
250,0
200,0
Hoboken.
First Nat..
Second Nat.
220,0
125,0
Tot. June 1.
Tot. May 25.
Tot. May 18.
189,5
338,7
4,144,4
2.559,9
1.721,2
581,5
2,490,5
202,1
1,809,5
65,1
400,0 1,192,2
Hud. Co. Nat
Third Nat:..
719,2
99.3
248,6
69,5
50,9
119,6
126.2
34,7
45,1
2,052,3
194,4
478,1
219,9
97,6
489,0
136,9
20,0
2,055,9
2,105,3
l
t
5.337,022
32,761,546
29,533
8,063
$40,125
423,803
37,680
170 634
$5,509,945
44.242,581
5,253.530
836,000
6,555
S7.136
135,000
1,880
158
$452
*1,423
‘
..
.
$2,259
$952,552 $16,356,710
1
600
21,560
$1,089,432,$17,291,787
$23,435
j 1,119.492; 24,123,312
57,459
139,342
--|
648,280!i 13.5S7.168
305,079
383,043
6,962
4,786
Total 1907
Total 1906
Total 1905
46,489
$743,990
1,043,782
1,531.348
Of the above imports for the week in 1907, $8,975 were
American gold coin and
$42 American silver coin. Of
the exports during the same time $1,000 were American
gold coin and $1,880 were American silver coin.
faulting and ^financial.
151,1
81,4;
2,271,8
1,873,3
circular
Trust
describing
mail investors copies of our 10-page
57 Short-Term Note* and Collateral
Boutin.
Spencer Trask & Co.
ranch Office
Albany N.Y.
William and Pine Sts.. New York.
5,698,6
13,925,0 4,130,1 126065,7
9,947,0 14507.3 117951,8 5,631.6 6,556,9 14,109,9 3.999,1 126584,2
9,847,0 14307,31118933,5 5,381,7 6,580,5 14,091,9! 3.900,7 127781,9
9.947,0 14581,5! 117829.7 5,574,0 6,489,4
$4,681,534
43,900
$2,529
$2,540,353
331,087
1,155,297
129,626
60,288
1,122,660
We shall be pleased to
3,665,7
2,963,7
2,262,4
i
Jersey City.
$2,813,838
j
__!
Mexico
South America
All other countries
1,448,8
681,1
1
'
200,0
j
j
Germany
West Indies
8,231,4
4,056,5
4,852.0
12,4
42,2
133,0
—
1,975.0
!
133,5:
70,0
9,0
!
213,4
Since Jan. 1
j
Great Britain
France
s
869,0
1,533,9
1,577.0
5,015,3
6.731,0
561,0
144,4
58,4
3,5:
291,9
7,000
!
Silver.
!
85,1
397,385
1,460,711
.1.
Week.
’
I
,
..
Man.&Br'x.
Wash. H’g’ts
$793,039
2,023,399
1,000
j
Total 1905.
Since Jan. l|
Deposits.
■i
N. Y.
City.
Boroughs of
Germany
Total 1907.
Total 1906
Met
Other
Banks,
&C.
ing
Agent.
j 2,023,399
[
Mexico
South America
All other countries
ciphers (00) in all cases.
*
$789,439
Great Britain
France
ending June 1, based
Week.
j
statement of condition of the non-member banks for the
First
142,592.9
also Government deposits.
on June 1 to $4,573,000; on
Exports.
Total of United States deposits
Hamilton
JelTerson.
156.747.1
157.947.4
218.193.0
218,740,0
214.616,0
'
i
a
Clearings.
Circu¬
lation.
$
$
$
$
$
212,884,5 74,090,1 1120,599,9 50.120,3 1,838.644.7
212,484,8 72.106.2 1104,419,1 50,181.5 1,644,241,6
215,060,2 72,937,7 1106,100,9 50,440,4 1,613,334,9
221.1S9.6 72,659,4 1112,640,5 50,659,6 1,656,086.1
221.92S.0 72,903.1 1128,194.6 50,628.9 1,386,695.3
New York
S
$
May 4.. 289.514.5 1140,320,3
May 11.. 289.514.5 1126.223,6
May 18. 259.514.5 1124,808,7
May 25.. 289.514.5 1126,389,5
June 1_. i290,094,1 1139,931,1
129,100,0 100,994,1 1139,931,1 221,928,0 72,903,1 1128,194,6 26.1
Totals
City, Boston and Philadelphia Banks.—Below
is a summary of the weekly returns of the Clearing-House
banks of New York City, Boston and Philadelphia.
The New
York figures do not include results for non-member banks:
Boston.
\
Bank of N. Y._
Manhattan Co.
Merchants’
Mechanics'
America
Phenlx..
1349
THE CHRONICLE
1907.J
Moffat
&
White
[Members New York Htock
6 NASSAU
STREET.
Exchange.
HANOVER BANK BUILDING
Dealer* In Investment Securities.
COMMISSION ORDERS EXKt UTKD
FOR CASH ONLY
Extreme dulness is again the most prominent characteristic
of the market for railway and industrial bonds.
Urgent
jlkmhcrs’
1348.
For Dividends see page
Street, Friday Night, June 7 1907.'
Money Market and Financial Situation.—The volume
of business at the Stock Exchange has diminished day by day
throughout the week until it is near the smallest of the sea¬
Wall
selling at steadily declining prices was the feature on Monday,
and resulted in a total almost twice as large as the average
Liquidation
resumed at the close of last
was
week
and continued over Monday, at which time several prominent
issues made a new low record for the year.
Among the
latter are New York Central, Delaware & Hudson, Great
Northern and Interboro-Metropolitan.
From the low
then reached there has been a tendency to react, and in
several cases a fairly substantial recovery has taken place.
The market seems to have, however, very little recuperative
level
force, and the recovery noted was largely due to
made by traders on the short side of the market.
Since Monday there has
the remainder of the week.
been a gradual recovery, and closing prices are
many cases
for
The
son.
[VOL. LXXXIV.
THE CHRONICLE
1350
purchases
Crop reports, although generally more favorable, are not
so, and the grain and cotton markets have been
decidedly irregular. Then* are indications that the wheat
crop has improved of late, and the Government report for
in
only fractionally lower than those of last week.
Among the exceptional features are Delaware & Hudson
convertible 4s, which fluctuated widely, and close with a net
gain of 1 point; Atchison gen. 4s, Distilling Securities Cor¬
poration 5s and Burlington & Quincy joint 4s, which are %
point or more higher.
United States Bonds.—Sales of Government bonds at the
Board are limited to $10,000 3s coup., 1908-18, at 102% and
$300 siime issue, small bonds, at 102.
The following are the
daily closing quotations; for yearly range see third page fol¬
lowing.
'
Interest
Periods
wholly
June is looked for with interest.
The gold-export movement which
lias continued, shipments amounting
been arranged for during this week.
shipments to
in the* foreign
commenced last week
to $7,100,000 having
This makes the total
date $10,400,000, and prevailing conditions
exchange and money markets indicate that the
movement is not
at
end.
an
market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 134 to 2%%.
To-day’s rates on call were 1 %@;2%%.
Prime commercial paper quoted at 5% for endorsements and
5%% for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £462,74% and the percentage
of reserve to liabilities was 40.90, against 40.S2 last week.
The discount rate remains at 4% as fixed April 25.
The
Bank of France shows an increase of .48,575,000 francs in
gold and 2,000,000 francs in silver.
The open
NEW YORK CITY
CLEARING-HOUSE HANKS.
1907.
.7 une 1.
I
Differences
from
previous week.
June 2.
S
s
$
129,100,000
<-
1900.
j
1905.
June 3.
s
115,972.700
117.472.700
1.37,050,500
149.230,400
100,994.1001
1.139,931.100 Inc. 13,541.000 1,051.543,200 1,101.283.100
40,273,000
49.739,200
50.028.900 Dee.
30.700
al.128,194.000 Inc. 15.554.100 1.030.751.100' 1,130.477,700
Capital
Surplus
Loans and discounts.
Circulation
Net deposits.
Specie
Reserve held
183,105.000,
82,898,200
85.023,200
294/131.100Une.
982.100
200,003,800
290.109,700
Ine.
3.888,525
259.187,7751
284.119,425
0,810,02oj
0,050,275
X
25% of deposits
1
204.540.500
738.400
243.700
221.928.000 Inc.
72.903.100 Ine.
Legal tenders...
||
i
!
12 782,450 Dec*.
i
Surplus reserve....
2.906,425
included, against §31 .0X8.900 last week and
1900. With these United States deposits
would be $20,085,750 on June 1 and $23,000,100
a $31,013,200 United States deposits
$17,250,000 the corresponding week of
eliminated, the surplus reserve
on
May 25.
Note.—Returns of separate
banks appear on the
moderately active
cables advanced to
the best rates of the year because of a good demand and a
small supply of bills.
Gold exports and engagements to
Foreign Exchange.—The market was
though strong this week, and short and
Paris for the week,
$7,100,000.
To-day’s (Friday's) nominal rates for sterluig exchange
4 H4%<3>4 85 for sixty day and 4 87Li for sight.
To-day's (Friday’s) actual rates for sterling exchange weic
4 8375@4 8385 for long, 4 87@4 8710 for short and 4 8750(51
4 8755 for cables.
Commercial on banks 4 8345(5 4 8355
and documents for payment 4 82%@4 84.
Cotton for pay¬
ment
4 82%'@4 82%.
Cotton for acceptance 4 8345@
4 8355 and grain for payment 4 83% @4 84.
To-day’s (Friday’s) actual rates for Paris bankers' francs
were 5 18%a@,5 18%'for long and 5 16%(a>5 15%to for short.
were
Germany bankers’ marks wore
94%(a?94 11-16 for long and
95%d@95% for short. Amsterdam bankers’ guilders were
40.31 @40.38 for short.
Exchange at Paris on London to¬
day 25f. 13c.; w k’s range 25f. 13)4e. high and 25f. 13%<•.
low.
The week’s range
Long
for exchange rates
follows:
rt
—
Sterling Actual—
4 8375
to 4 8385
dtl 4 8355
Low
4 8350
Paris Bunkers' Francs—
38
High
51
18;l4
(fit 5
Low
.5 19q
(a, 5 IS?*
Germany Bankers' Marks—
High
94q
High
to 94 11-16
Low
to 948s
94 9-If)
Amsterdam Bankers’ Guildirs—
.
.
High
I.ess:
Plus:
1-10 of 1%.
k 1-10 of 1%.
a
—
(a;
i 4
8075
to
4 8710
4 8080
15 10 >4
(O;
to
5 15 8 s h
5 155sd
i5 10 q
!95,irf
951
d 1-32 of 1%.
of 1%-.
x 1-32
Sho
!4 s7
s
! 40 31
140 1-16
_
Low
—
i t 8750
i 4 8725
to 4 8755
to 4 8730
to 93*4
@ 95 3-10
to 40 33
to 40 Us
h 3-32 of 1”%.
?/31-32 of 1 %
.
The following were the rates for domestic exchange on
New York at the under-mentioned cities to-day.
Savannah,
buying, 50c. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston, s°lling. $1 per $1,000 premium.
New Orleans bank, 10c. per $1,000 premium; commercial,
20c. per $1,000 discount.
Chicago, par. St. Louis, 30c.
p'U’ $1,000 premium. San Francisco, 10c. per $1,000 premium
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $137,000 Virginia Gs deferred trust re¬
ceipts at 27% to 28.
-
-
..coupon Q—Jan
3s, 1908-1918
registered
3s, 1908-1918
coupon
3s, 1908-1918..small coupon
4s, 1907 l....
registered
4s, 1907
coupon
4s, 1925
registered
4s, 1925
coupon
2s, 1930. Panama Canal regis
♦This is the price bid at
Q—Feb
(J—Feb
Q—Feb
Q—Jan
Q—Jan
Q—Feb
Q—Feb
Q—Nov
4
*
*104 M *1047* *104 Vi
June
7
June
0
10434 *10474 *10414
*104?i *10454 *10454 *104 54 *10454 *10454
*102
*102
*102
102V*
*102
*102
*102
*102
*102
*102
*102
*102
*1017* *1017-4 *1017* *10174
9954 * 9954 * 9954 * 9954 *10054
*100% *100?4 *10054 *10054 *10054 *1005*
* 129
*129
*12874
*129
*129
*129
*129
*129
*129
*1287*
*129
*129
*1043*
*1013*
*1043*
*1043-*
*104V3 *1043-*
102
*101?S
* 99
q
*
-
the morning board; no sale was
Railroad and Miscellaneous
stock market have, as
made.
Stocks.—Operations in the
noted above, diminished to
insignifi¬
proportions. As lias usnall}r been the case of late, prices
declined during the early flays of the week and recovered
Fluctuations have been rather wide in several cases
later.
but net changes are generally narrower.
Of a list of 25
prominently active stocks 17 close higher than last week, 5
imver and 3 are without net change. As usual, Reading has
been by far the most active stock.
It has covered a range
of 7% points and closes with a net gain of 4%.
Union
Pacific stands next in point of activity, has covered a range
of over 5, and is 2 points higher.
Interboro-Metropolitan has been a weak feature, the pre¬
ferred selling 6 points below 11s previous lowest record and
the common 3 points.
Both have recovered somewhat.
Smelting & Refining, on the other hand, has been strong.
It advanced 7 points in anticipation of an increase in its divi¬
dend rate from 7 to 8%, declined sharply when the increase
was announced but closes near the highest, with a net gain
cant
of 2
points.
Steel
common
shows
a
and the preferred %
net gain of 1
point.
:
For daily volume of business see page 1350.
The following sales have occurred this week
represented in
our
ending
June
7■
...
.
.
.
.
.
....
Range since Jan. 1.
Range for week.
.
for
Week.
200
Alice Mining
2.390
Ralaklala Copper
400
Huff Rochester & i’itts.
200
Colorado Fuel & I.. phi
800
Comstock I’unnel
100
Consolidation Coni
100
Federal-Sugar Refining
PH)
General Chemical, orot
9.5M
General Electric rights
(;t Northern subscript’n
3,972
certfs, 45r; paid
520
llomestake Mining..
100
Ingersoll-Rand
200
Rutland, prof..
Southern Pacific rights.. 74,500
800
We hern Maryland
.
j
I
of shares not
detailed list on the pages whicli follow:
Sales
STOCKS.
TI-’ffA
preceding page.
registered Q —Jan
2s, 1930
2s, 1930
June
5
June
June
3
June
1
Highest.
Lowest.
S3
?S
June
4
June
i
S31*June
§8 qJuno
4
3
•1
June
June
4 25e. June
5
85
June
3” 00 June
9s
June
£
3
5
June
June
June
June
34June
June
15
4 119 >4 June
1
72
June
June
4 52
5 27
June
115
72
52
25
1
3
1
V*
00
1
4
5
3
7
3
-q June
q June
15q June
T^Outside Market.—“Curb” trading has
Lowest.
4" S3
June
55
June
25c. June
85
June
00
June
98
June
1 r’s June
SO
3
$8
80
55
23c.
SO
42
971 *
13*
0! 115
55 W
0
4
5;
1
u
$77*
S9*s
May 115
Juno 857*
Jan
May
Jan
Jan
Jan
Mch
60c.
May
99'4
Jan
Feb 00
.Mch 102'"
Feb
Icb
May
2
Juno:130q
May, 85
Mch
49 q
25
June
iq
May
15
Highest.
June
June
00
27
1 q
Apr. 303*
May
Apr
1 eb
Jan
June
May
Jan
been dull this week,
centring in a few stocks. The earlier trading
wras erratic with the tendency to lower prices, but later the
market showed a g neral improvement, though very little
activity appeared.
United Copper was the feature as the
week clos'd, the stock, after a drop-'from 58% to 57 % , scoring
a sharp advance to 69)% to-day, the close being at 69. cDavisDalv Estates,after an early display of weakness, sinking
from 13 to 10%, was conspicuous for a recovery to 12%.
Boston Consolidated Copper moved down from 26 to 23%
and up to 25%, closing to-day at 24%.
Butte Coalition
suffered a decline from 25% to 23%, s ubsequently reacting
to 24.
Douglas Copper advanced steadily from 9 to 10%.
Greene Cananea on good buying rose about a point to 1 o.
Nipissing sank in the beginning of the week from 12% to 11 %,
but on active buying recovered the loss and closes at 12%.
Industrials were exceedingly inactive. American
Tel.
Telep. “rights” were in demand at from 25c. to 45c., with an
advance to-day to 55c.
Chicago Subway, after declining
from 18% to 17%, displayed considerable strength and rose
to 20% and closes to-day at 20.
Trading in Manhattan
Transit fell off and after an early decline from 6 to 5% it
moved back again to 6.
N. Y. & Cuba Mail SS. advanced
fractionally to 26 but sank to 24%, with a reaction to-day
to 25.
Standard Oil moved up a point to 519, then sank
to 515, recovering to 519.
Western lee lost about a point to
33)4, advancing finally to 33%. * Waterbury Company
common was traded in from 40% to 39% and up to 40.
Outside quotations will be found on page 1360.
the interest
Exchange—Stock Record, Daily, Weekly and Yearly
New York Stock
OCCTTI’V^u
•
TWO
!saf«
8TOf
STOCKS —HIGHEST AND LOWEST SALE PRICES.
STOCK
EXCHANGE
Saturday,
Monday,
Tuesday,
Wednesday,
Thursday,
June 1
June 3
June 4
June 5
June 6
87*8
88
93
874
934
Friday,
On
Week
Shares
June 7
basis
lOO-a/iurc
01
*80
*86
88
494
*61
*170
63
180
9-4 10
*724 73
44*8 44*8
16
14
9419
974 974
93 4 0334
86
86
484
51
*
*
10
*72
724
*44
14
50
14
104
72l2
*45
14
♦
•107
110
130*8 131
63
170
34*8 354
*13
16
54
16
*
54
*97s
104
7212
*71
4478
53
14
153
1104
1313g
145
215
130
1X0
10
204
55*8
21
56*4
*341o
361o
70
93
*65
*88
•
124
5019
*188
*125
*150
*5
*15
*3
35
*05
*88
122
124*4
35
TO
93
124
49*4
51
i
*65
*85
*85
70
95
12319 12519
•-..•
*134
*171i
1819
5019
181o
39
*73
5019
181 •>
40
77
154
45*8
*18
22
*45
55
*73
136
*85
93
194
*44
95
1264
31*8
63
72
.
•i°o
*
*
8319
*
*133
104
504
76
2412
59*4
60
22
65
55
138
17
45
464
184
40*4
*70
24 4
75
*16
22
*55
65
45
55
2434
594 594
*
1094 1114
1104
§136
134
86
*
154
*1734
404
19
19*4 20*8
19*8
10
20
319
I6I9
136
105
23
57
38
*107
*73
•---.
32*8
724
*75
"
*94
98
*94
102
25*8
*450
25
73
65
10
*18
74
664
10
*
80
83
83
*
.
*16
23
*45
55
1113s 1114
135
90
135
*80
19*4
121-4 123
1214 12219
10719 109
97
*03
*92
102
*94
102
107
*93
*92
*94
IO8I9
97
102
109
*68
*91
68
91
97
*75
*65
*90
*65
7X19
194
193S
43
43
*61*4
30*4
69
32
*18lo
2019
18*7
42*i 43
*6134 69
304 3019
*!X!o 20
*4Qlo 5219
*4910
754
7819
194
72*4
754
74*4
110l2
110
in
18
17*4 18
184
57
564 5712
574
*2519 264
254 2519
*104
110
*104
110
26*4 26*4 *2519 2719
in
2734
27*4 27*4
491
*48
91
49\s
274
49*4
1314133
911?
128*s 1314
*87
*87
91-8
92
89
89
Hid
136
90
-ALetropolltnn Street
21
47
85
Mexican
Aetna
America !;_
Amer 1- xch
-
80*s
80*s
19*8 2019
43
43
*6134
69
80
324
30
*1719
20
*491
59
a
Battery Park
Bowery V
Buteh’sA Dr
Centu ry!j.
Chase
Chatham
Chels’ahxe T
.
.
1014 103*8
*804
84
80
20
45
SO
AND
3 90
140
220
City
530
240
Coal & Iron.
248
230
Colonial!!
700
Columbia
!i.
330
;Commeree_.
170
Consolidat’d
[Copper
350
315
Corn Exch T
Discount V.(Fast River.
500
165
155
230
285
150
150
195
46
68
95
68
*90
170
160
240
295
1(H)
160
205
.
Minneapolis Ac St Louis
86
90
123
4,300
400
25,500
1.220
8,065
400
A veil.
Fifth
[First
14th Street 1
Gallatin
Garfield
GermanAnP
German Ex!!
Germania *
Greenwich 1
Hamilton T.
Hanover
_
615
225
185
350
500
630
300
195
360
525
150
340
66
91
91
80
140
420
500
200
200
05.810
3,650
9,100
3,525
2,700
305
350
1.220
2,925
610
285
260
490
-
-
-
Asfc
Imp & Trad
|1 nterboro 1;_
!Irving N Ex
! Jefferson !l_.
150
565
160
200
220
510
^Mechanics’
-
'
I
295
280
505
Hid
550
.
Mech&Tra 1
Mercantile..
iMerch
Exch
Merchants’
.
255
235
165
235
185
157*2
-
-
•
134
May28
J’ue 3
Mch 14
Mch 18
Mch 2 5
Alch19
454 Meh25
69*4 Mch 14
1094 May27
17
May27
53
May28
24*4 Mch 25
101
24
Mch
76
94
348
85
9219
J’ly
Dec
8
873.1 Mch 14
1204 Mch 14
85*4 Apr 5
i
,
Aug1
Feb
Dec
Jan
234 Jan
53
Augf s
97*4 May
924 Nov
May
334 J ’ne
70*8 J’ly
24
J’ly
48
J’ly
99*8
184*9 J’ne t
55*8 May
S7*.s May
3431 Jan *
Oct
77
224 J ly
S44 Feb 1
37*8 Jaa 1
l
Jan *
447xJan *
§9219 Jan
'8D4 Jan
15619 Jan
162
Jan :
127
7
Jan 16
80
84*4 Jan
100*4 Jan
164
Mch
18334 Jan
43*8 Nov
Nov
76
1063.4 Jan
Dec
5934 Deo
Deo !
30
156*4 Jan !
73*9 Apr
Nov
Mch
1207K Jan
92
Deo
20478 Jan
57*4 Jan
97*8 Oct
96
Jan232*2 Feb
Apr
May
189*2 Dec
43*4 May
Feb
89*9 Apr
84
179*4 May
7
Jan
29*9 Deo 4
163*2 Apr
29
May
64*4 Apr
85*2 May
133
May
36
Apr
18*4 J’ne
126
59
111
.
71
OU4 Oct
136*4 May
140
Sep
103
J’ly
18*8 May
58*9 Dec
90 " Apr
134
J’ne 1
6334Jan
J’ly
Feb 13
>
310
265
]
390
IMetropoH’nT
160
240
!Mt Morris!)
_
(Mutual
!l
•Nassau !:_..
-
/-
240
170
....
195
165
Bid
Banks.
.Metropolis 1'
jNew Amster
[New York Co
195
190
1200
New York.. T296
N’ht & Day!’1 400
19th Ward 1] 300
North Amer 265
172
Northern...
Oriental !t._ 265
Banks.
Ask
168
"
Pacific
Park
!I
People’s !
300
200
200
...
-
-
-
-
-
-
410
-----
270
182
275
$ Ex-rights. $ Less than 100 shares. II State hanks, a Ex-dlvldend
n Sold at
bencllclal Interest In ore properties. U 1st lnstal’mt paid,
4
-
Jan
Jan
125
Mch 81 105*9 Jan
141*sJan 8f i 122*2 J’ly
78 Jail 221 t
75
May
1054 Jan 5| ! 100 May
1394 Jail 7 f 112 May
92
Jan 7| 1
89
Sep
Jan 8j 1
90
94
Apr
22*9 J’ly
304 Jail 5|
644Jan 5| l 60 J’ly
70
Jan 111 |
60
Feb
48*8 Jan 5| [ 40*2 J’ly
204
May
254 Jan 7
6219 Feb 15
48*4 May
61 ’ May
964 Jan 14
116
J’ly
1184 Jan 14
34" Jan
5
31>4 Nov
94DJan 5
93*2 Dec
28 May
374 Jan 7
Jan 8 : 121 Nov
123
29
Jan 7
25*4 Dec
25*4 J’ly
33*4 Jail 5
43
J’ly
5478 Apr 12
102
Dec
1084Jan 7
183
Jail 5
138*2 May
91*9 Mav
96
May 2.
J’ne
Jan
May
147*2 Jan
142
106
135
103
105
7
,
Mch 14
Mch28
2334 Mch26
45
76*8 Jan
Jan
Dec
11*4 Oct
334 Jan
774 Jan
49
91*4 Jun 7
189
Jan 9
48*8 Jan 5
924 Jan 5
904 Jan 10
Mch 14
Mch 14
.
Jan
87
109
xl64
l 96
102
.
r
1
..
Phenlx
Plaza !1
Prod Exch !!
Riverside !!_
Seaboard
Second
Slate !I
34th Street.
12th Ward !
23d Wardr.
....
,
Jan
Aug
Jan
Jan
Jan
,
32>«Nov
6934 Aug
723| Apr
51*4 Feb 3
27'8 Jan
633s Sep
974 Sep
120*2 J no
4?78 Jan
103
Jan *
40*8 Oct
x!39*2Jan
36
*
Jan
40*2Jan
5U7w Jan
122*4 Jan
195*m Sep
99*i Jan
QUOTATIONS.
Banks.
| Market &Ful
59
29
18
3,300
200
Lincoln
[Manhattan T
634Jan
110
4034 Mch2G
-
,
_
83
27D J’ly
75 " Sep
134*4 Jan 10
May24
774 May24
174 Mch26
24,190
1,030
1_ 513,325
i
s
Feb 14
Mch 20
Mch 14
Transit
Liberty
9
27
95
900
185
200
500
1100
295
Jan
59*8 J.an
147
1244 Jail
114
5
4
5
1
-
7
72*4 Jan
92*4 Jan
«
i
5U78Jan
164
1404 Jan 3
168
Jan 3
44*8 Mch l!
Mch 15
131,455
5i78Jan
914 Jan
Feb
2278 Jan
45
Jan
102
70*4 Dec
Jan 24
90
COMPANIES—BROKERS’
Ask
90
1894 Jan
71
SO
C17S
4
Jan 7
Jan 10
1144 Mch25
IOOI9 May2x
JL hlrd Avenue (N. Y.)
Toledo Railways Ac Light..
Tol St L Ac W v tr ctfs
Do
pref vot tr ctfs
4200
5
49.730
5,718
Texas Ac Pacific
Bid
Jan
31*s May28
Do pref
Southern v tr cfs stamped..
Do pref
do
3900
340
189*4 Jan
59
Deo
234*4 Nov
560
May
J’ly
Apr
384 May
74*4 Dec
624 Apr
68
80
Jan
Mch
Jan
Jan
734 Feb
16
32
7
5
2
3,950
3,300
'
.
Banks.
'Fifth
5
7
30*4 Jan
109
70
100
Twin City Rapid
I Tnion Pacific
Li
Do
pref
444 Jan
J’ly
83
Oct
794 Dec
61*4 Jan 8
28l?Jan 12
6719 Apr 26
674 Jan 9
145's Jan 5
146
Feb 13
107
Jan 23
27*sJan 5
59
Jail 15
May29
Mch 14
Mav23
Mch 26
May 28
Mch 14
Mch 25
Mch 26
1594 J’ne 4
2
4
Dec
294 Jan
664 Apr
43
May
189
May
437*4 May
364 May
7
Jan
51
80
Mch 13
Mch 25
Mch 25
44,065
1,700
89
110
Jan 24
754 Jan
28‘s Jan
304 Mch26
59
Mch 26
64
Mch 14
119
Mch 22
793.500
100
21
2Ho Rock Island Company
Do pref
§461? 4619
St L Ac San Fr, 1st pref
*61*4 67
Do
2d pref
324 33
St Louis Southwestern
*184 20
Do
51
51
pref
75
'76*8 Southern Pacific Co
8
Apr
.
184 Jan 0
4234 Jan
,133) Feb
47*9 Mch
1094 Jan
118
Jan i
41
Oct .
Dec
3~s May
114 J’ly
8U0 Nov
Apr 2
48*4 Meh23
20*8 Mch26
IO84 J’ue 3
35
May28
Plttsb Cln Chic Ac St L
Do
pref
1034 104*4 T) eadlng
-IX
1st pref
*80
84
2d pref
81
82
Fourth
525
55
52
108
129
83
15
46
3.000
llO^s 1207s Pennsylvania
TRUST
Bid and asked prices; no sales were made on this day.
i Sale at Stock Exchange or at auction this week,
c Ex
605
200
Central
.
Chemical
Ctrl
130
214
*61*4 68
324 33
10*i 19*i
Ask
!Fidelity If..
•
119*8 120*8
744 754
74
754
74's 75*4
1104 1104 1104 1104 1104 1104 110*11114
184 194
184 184
184
IK':*
184 19
594 591.1
58*4 59
581.8 587s
584 5h4
26*4 274
264 26*s
25*i 26
*254 2619
+105
110
*105
110
103
1044 1044 §103
*26
*26
27
2719
26
26
254 254
27*8 27*,s
274 27*8
274 274
27's 27~s
484 48*s
484 4978
484 48*s
48*4 48*4
93
93
*91
96
*90
§934 934
93
1334 135*8
130*4 133*8 130*8 132*8 1324 134
*
88
86
*87
90
*87
90
864 87
Banks-
1,900
1,100
-
96
‘Citizens’
210
515
230
120
320
160
190
300
300
200
*
*90
*75
1.600
9
198
202
9*4 Apr
25
1419 jan 17
47
Jan 3
86ioJan 4
114
Mch 6
94
Jan 5
172
Jan 3
39
Jan 23
J ’ne 4
1778 J’ne 7
30i8 Mch25
74
Mch 20
18
Mch 14
46
Mch 25
194 Mch 18
4,661
Do
*7919
85
pref
102
101*8 1014 Minn St P Ac S S Marie
Do pref
12919 *127
131
3219 3319 Mo Kansas & Texas
32*i
Do pref
63*s
634 644
74
74
744, Missouri Pacific
* 120
130
130
X] ash Chatt & St Louis
1^1 at of Mex, non-cum pref.
50
*474 ’50
Do 2d pref
22
*---22 |
1114 1104 111*4 N Y Central A: Hudson
N
Y
40
Chic Ac St Louis
41
38
Do
1st pref
*107
115
115
Do
2d pref
85
*73
80
*160
161
1634 N Y N Haven Ac Hartford..
N Y Ontario Ac Western.
3419
344 35
Norfolk A: Western
73*4 75
734
Do
adjustment pref
85
*70
85
Northern
Pacific.1224 12419 1234125
Do
109
10919
subscrip rects
108
109
*93
97
*93
97
|>aclflc Coast Co__!
_L
*92
*0?
Do
1st pref
102
102
Do
2d pref
*94
102
*94
102
-
45
400
3S7S Jan
694 Jan
85
Mch 26
15i2J’ne 3
14,037
AI anhattan Elevated
136
-
134
400
7
92
9
10,215
8
19
7
75<s Jan
Jan
Apr 23
Apr 1
75*8 Mch28
8312 Mch 28
pref
*80
*20
Mch
192
225
168
175
10
10
9278 Jan
67
199*8 Deo
Aug
Dec
14
10819 Jan
39
30
72
Long Island
112*8 1131.1 Louisville & Nashville
90
95
44
j
8
Jan
39-4 J an 1
so
Nov
15
4278Jan 7
8378 Jan 10
804Jan 16
194Jan 5
494 May27
55
136
47
122
s6D Jan
Dec
240
270
510
Apr 4
J’ne 3
J’ne
Apr
Aug
J’ne
Nov
2274Jan
90
Dec
16
Jan
Jan
Jan
Jan
Jan
Jan
J’ne 5
Mch 26
May28
51*8 Apr 15
334 May28
70
141
149
160
20
7(»4 Jan ’
2394 May
65*8 Aug
35*8 Oct
77*4 Oct
1 <t*Hi J an
218
58U Jan
J’ne 6
9*4 Mch 14
19
May27
201*9 Deo
Dec
May 2 7
65
J’ly
794 Sep
Jan 11
3
1938Jan 9
May 2 7
Jan
Jan
70
Feb 14
244
Jan 5
Jan 14 t H6I9
Jan 5 1160
934 Feb 21
G9~8 Mch25
43,115
12,835
5
Jan 2
Feb 25
64 Apr
May22
71
83
Sep
106
1674 Jan
125*8 Sep
99*9 Jan
94*8 Jan
155*8 May
654 J’ne
May
514 Nov
254 Sep
25
May 13
May 2 7
Oct
204
Jan
40
445
24
f ake Erie A: Western
-Li
Do
Mch27
21
56
Hocking Valley, pref
23
!i
Mch25
HD Mch 14
“ Mch 26
12,405
2,600
4,010
Temp ctfs for ore prop...
Green Bay Ac W, deb ctf A.
del) ctf B.
Do
T1 avana Electric
-11
Do
pref
Hocking Valley tr rects
*80
400
150
252
245
New York.
78
83
Jan is
Mch28
63
101
10
1st pref
2d pref
Evansville & Terre Daute..
Do
pref..
Great Northern pref
200
120
160
5
91
110*9
71*4
264
1574
1654
205
234
170
165
2~g Mayl5
2,350
380
425
1,100
Do
Do
§136
Hid
Ask
304
SO *
*
*45
1 n?5o
BANKS
Banks
127*4
51*8
*16
1 no
20
20
51
23
65
55
*90
191?
*42
1 SI 9
126
70
95
78
67
80
80
*
-Li
56
*__..
*65
*7919
*75
*01*4 67
30
314
1018
*
67
UUlo
82
22
354 35”j
19*4 204
118*4 119*4
82
80
65
104
§22
214 224 Uric
1114112*4
20
118*8 120
*75
*75
.
*16
*55
-*45
1174 118*1
95
8
304
80
83
S3
139
*
11834 119*8
okT)o inn
65
79
1374 Mch25
Apr 4
J-^elaware
Denver A: Rio Grande
Do
pref.
Detroit United
Duluth So Shore Ac Atlantic
Do
pref
18
12219 Mch 25
Mch25
145
107
May2/
12619 May28
6,100
300
3,300
12,900
*135
1374 J lllnols Centi al
1354 1354 *135
1 nterboro-Metropolitan
16 " 16
16*8 17*4
171.1 18
Do
46
49
4819 49U
pref
454 46
*1719 184 *17*4 184
174 174 Iowa Central
Do
pref
4019 403.j
404
40*4 40*4
414
1Z C Ft S Ac M, tr cts pref..
75
*72
75
♦72
*73
75
241? 2419
4
2419 2419
244 2419 Jvausas City Southern
Do
60
pref
604
604
594 594 *59
204 201?
68
95
724
*65
*85
*...
108
*94
68
91
9
26
73
3519
70
95
*7*4
8
SOI.
9i2 May2?
7219J’ne 4
44*8 May24
124 May23
200
600
600
JAelaware A: Hudson.
Lack A; Western
5
3,700
100
300
1,350
35,365
Chicago Terminal Transfer.
Do
pref
Chicago Union Traction
166
274Jan
69
810
Do pref
174
' Cleve Cln Chic & St L
Do pref.
23 Colorado & Southern
Do
1st preferred
58
Do
2d preferred
44*4
5
ID? May20
J’ne 6
53
65
105
25* i
124*4 1274
51
51*4
51
pref
2
Jan
500
100
200
44
162
Do
Do
Do
2194Jan
56
Chic St P Minn & Omaha._
Do
pref
130
180
10
20
4
*57
§56
35
*65
’
4 %
83*s Jan 7
853t Feb 8
195*9 Jan 4
6519 Jan 14
Feb 16
Mch23
Mch 14
Mch 25
Dec
1314 J’ly
105*4 Mav
Jan 5
94UJan 10
31*4 May27
2,550
7.130
9.755
22*4
214 22
561.1 56l«
*85
1197812U?
in)
65
*95
Do
Do
Do
85*8 May
x98
122
6,225
com ctfs 25 % paid..
pref ctfs 25 % paid..
1424 Chicago A: North Western..
Do pref
215
1331?
174
1619
”
163
465
2 519
73
65
10
22
*
*
*
47
47
47
*7919
*7919 X5
*7919 85
*7919 85
94 " 97
9719 100*4
90
994101 *1U0 “
128
*126
132
130
128 *123 128 *123
3019 31*4
314
31*8 324
314 32*s
31*s
*62
63
634
63
63
624 63
03
73
72
724 7334
723j
724 74
72*8
* 120
*i°o
*1-0
139
no
*1>0
no
iso
* 45
*
*46
*
50
50
50
50
*
*
*
*
22
22
22
21
1094 1084 109*. 10941104 1094 1104 110*8
*38
*37
40
37
38
38
37
37
*107
*109
115
*109
115
*105
115
115
♦
*74
*74
80
80
*73
80
73
80
*
161
160
167
15919 15919 160
170
33*1
32
32*8 334
324
324 33 ~
32*s
72
7219
734
71'° 7119
724 724
7219
*70
*75
85
*70
85
85
109
98
102
*13219
142 ”
*190
*125
*150
*5
*lGlo
*3 "
44
42
200
300
debentures
5% pref “A'’
4% pref ”B"
17*8
127*4 Chicago Mllw & St Paul
7219
50
152*4 152*4
110*4 110*i
68
105
162
162
465
85
1213412319
11041104
*71
*44
15
12619
22*4 2319
57*4 57*4
42"g
24,715
.
9~8
4
15*4
/Canadian Pacific.
6310 v^anada Southern
1724 Central of New Jeisey
83
155
60
.165
H ighest.
Ijoxcest
1084 Jan 7
101&8 Jan 12
1334 Jan 5
Mch25
May27
904 Mch 25
86
May 2-1
454 Mch 14
43.245
354 354 Chesapeake & Ohio.174 174 Chicago & Alton RR
Do
54
pref
104 11 Chicago Great Western....
*
92
92
115
1674169
*61
*170
72
50
15
*65
*95
-
109*8
17
53
*3
67"
..
35*8
*
47
*7Qlo
8312
*
244
*16
*55
*45
110
134
85
1104 1104
(130
80
83
*._..
*
394 3912
24*4 24’8
594 604
*16
*
135
180
*7*.
39
80
83
*____
130
1254
50*8
*
3()
"
524
*
HOI9 IK1.4
132*9133
142 " 1424
*190
215
*125
130
*150
180
*5
10
*15
20
70
95
124
504 514
....
41
30
80
*
83
8319 *._
135
138
*
141
210
5219
1274
15234 152*i
20
214 214
*554 57
35
354
*65
50*4
*44
15
126
130*s 13219
214 214
564 57
35
35*8
213«
55*4
*71
45
*150
153
10919 no
210
130
180
10
20
20*8
554
7219
1254 1264
12619
*85
180
97s
104
944
944
75
-
*169
35
15
53
15
*14
98
167*8 1684
624 624
63
170
93
98
82*s Mch 14
36,740
1,010
1,210
8.650
A tch Topeka & Santa Fe__
Do
934 TL
pref
984 Atlantic Coast Line RR
9419 Baltimore & Ohio
->>
Do
88
pref.
54*g Brooklyn Rapid Transit---.
Buffalo <fc Susque, pref
75
874 8834
88*4
944
88
5019
16634 168
63
180
140 '
142
*190
*190
215
*125
125
125
*150
180
*150
*5
*5
10
* 15
*15 - 20
20
4
31?
319
319
3*4
161*> *131^ I6I9
164 164 *14
*63
64
64
”
”
634 634
644
*95
*95
105
*95
105
105
2219
224 224
224
224
224 2212
57
*58
*56
60
59
*58
60
4119
41
4134
40*4 414
41*4 41*4
160*1 1611 *» 1601« 16234 160
1624163
*445
*450
465
*450
465
*450
465
24
*24
244
254
244
254 25*4
*69
*69
75
*694 73
*094 73
664
60*4 6634 *6419 60
*60*4 69
10
10
*10
1219
104
1234 *10
*1719 221o *174 22
*174 20*4 *174
144lo
*190
*125
*180
*5
*15
*3
*14
64
*95
*85
*
75
334 343s
*12
16
54
10
934
49*8 5034
166*4 1684
*61
*170
*9619
87
*85
*
75
12334 1254 124
150
1534 *150
108
10911 IO934
1304
140
11394 142
1264
125
96
934
334
*12
*..
54
•
95
93*4
63
175
334
34*i
16
*1212
*
9234 9234
164*4 166*8
1G5*2 106*8
*01
*170
*34
88*8
93
76
+
75
874
88
49
48
51
*
8734
93
95
Year <1906).
tots.
H ighest.
Lowest
Railroads
864
♦924
94*4
9234
88*4 88*8
*92*4 93
95*1 95*4
93-4 Ollj
Range 1ot Previous
Range tor Year 1907
0
the
NEW YORK
BUI
'Ask
230
425
300
155
570
160
250
350
700
350
220
450
250
450’
ICO
175,
260
370
-
-
-
—
-
-
-
•
190
and rights. b New stock,
private sale at this price
«
*
•
Record—Concluded—Page 2
Mew York Stock
1352
[Vol. lxxxiv.
:
Satur day,
Jun e 1
Monday,
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Do pref.
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04
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Do
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.
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130
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Do
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pref
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pref
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Mackay Companies
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2,400
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100
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1,400
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1.260
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1,260
200
400
200
3,780
100
100
300
2,360
XJatlonal Biscuit
Do
i.x
pref
Nat Enameling & Stamping
Do
pref..
2,500
900
North American Co., new..
l>acific Mail—
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Do
pref
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3,640
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Jan
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5
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101
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Jan
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40' Feb
15
Feb 8
102
1051- Nov
178
1071-Jan
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130*8 Apr
3014 Nov
18134 Jan
28
Feb 13
181-Jan 7
Feb 11
J an 15
41
Jan 7
81
Jan 14
75i4 Jan 24
71
Jan 24
8fii4 Jan 15
1173o Mch 5
J"" 5
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7Gi4 Jan 7
103
Jan 5
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llli-Jan 7
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4U-Jan 5
4
May27
May 20
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111- May29
49
Mch 15
98
65
211,
85
28
11278 Jan
74*8 Sep
Jan
199
Dec
184
-
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80
48
Dec
Sep
90
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28
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60
92
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Oct
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12614 Jan
5034
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Jan
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81
154
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51
Apr 25
May
4978 Jan
741- May
138
Jan 16
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Jan 14
Jan 22 xl5G
152
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4
70
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Jan
24
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Apr
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4()i8%lay
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2838 Apr 5
78
163
97
163
2231- May
11 (% Jan
300
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-
May 1
125
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130
220
107
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Nov
40
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7()i8 May22
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15
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Aug
Jan
Jan
96
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Jan
4414 Jan
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71
70
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35
108i2 Dec
3
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07
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4
7
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34>8 Jan
102
Jan
35
141-Jan
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20
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Dec
201- May
3514 Jan
1634 Dec
49i8Jan
130
80
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5
9834
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Mch 15
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273,8 Jan
24
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20
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May
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Apr
75s May
512 Nov
371- May 16
May 21
20
89
Mch 26
271- May21
10
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Jan
33
64
Jan
3234 J’ly
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1371- Feb 13
Jan 2
131
133
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122
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53-8 Feb
2134 Feb
48i2 Feb
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34
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93'2 Jan
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40
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Apr
Dec
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16
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36
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23
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16
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231-Jan 7
1014 May22
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75
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514 Mch 14
4814 Mch26
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31
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4514 Jan 14
921- Mch25
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27
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3378 Feb 19
90
Jan 21
88
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200
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4
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6i4Jan 16
301-Jan 7
16
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88
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May 22
65
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24
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x63
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095
National Lead
Do
pref.
Jan
373.j Jan 5 !
2134 Jan 10:
2578 Jan 12:
511-Jan 7i
Mch 14
H ighest.
Lowest.
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181-Jan
381-Jan
62
37l2J’ne 6
1,720
121) American Beet Sugar
Do pref
82
*'__.
82
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55
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25
700
Do
pref
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Amalgamated Copper
400
15
Amer Agricultural Chemical
S434 80
14
45
24
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305
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lots.
Highest.
Lowest.
2,690
161- Wisconsin Central
Do
40
pref
101*36
305
13914
8934 8934
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pref
231.1 2314
§ 11 Is IBS Wheeling & Lake Erie
Do
26
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2d pref
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Industrial
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_
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Unit Rys Inv’t of
Do pref
Range 1or Year 1907
On basis of 100-share
500
2,242
Do
pref
z4 I3g 4214
41-4 4214 American Car & Foundry._ 33,550
4Ri
41
1,200
Do
r97
pref
9634 9634
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9S34 99
9813.200
30
3OI4 3H- American Cotton Oil
3014 3014
30
3014
Do
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02
pref
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92
*85
92
92
American Express
*200
215
*200 215
*200
215
220
525
Grass
American
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534
534
534
420
* 1
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4
4
434
100
Do
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•20121
pref
_
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21
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19
American lee Securities
*68
72
72
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72
74
370
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93)
97g
§97g
97s
100
Do
*24
20
26
pref..
24'- 241- *24
26
8,200
59
59
5912 American Locomotive
58
59
601.1
581.4
700
Do
10.3
104
104
104
pref
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105
103
1
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0
43; American Malt Corp
5
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5
200
Do
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25
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26
100
*
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*
89
88
88
116
11 si1141.1 IIS
1175i 1 18~s Amer Smelting Sc Refining. 191.100
119
1.900
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106
100
1051? 1063,1 1057s 106
106
American Snuff
210
200
*195
*195
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240
240
100
Do
102
102
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102
pref
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American Steel Foundries..
*017
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7
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7
550
Do pref
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38
35
4,750
1201- 1207S American Sugar Refining...
1911s 1197, 120'j 1195s 121
Do
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125
pref
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110
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92
92
92
92
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American Woolen
24-s 25
245s 245s §241- 24V
24*s
1,591
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901- 901pref
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57" dAnaeonda Copper. _P«r525 28,650
50
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Sales 0/
STOCKS
NEW YORK STOCK
EXCHANG E.
STOCKS--HIGHEST AND LOWEST SALE J°RIC1 ?S.
«J cl 11
62
May
1131-Jan
12
May
82
Sep
66
May
Jan
Jan
May
May
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IOOI4 J’ne
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86
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25
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pref.__
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Tenn Coal, Iron & RR
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1,410 S3 l7s
3 512 305»
36
3G'5i 3G'5j
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3634
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Oct
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♦SI
82
SI
81
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pref..
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1381Jan
109
May
220 §95
May 28 §117 Jan 9
98
98
United States Express
*95
98
100
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100
941- Jan
75
Aug
901-Jan 4
58
Mayyo
300
U vS Realty & Improvement
01
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60
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24
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40*8 J’ne
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l2io ilay'27
3(U4 Jan 28
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15
15
*13
19
16
17
84
J’ne
Mch
60
GS Jan 7
40
Mayr27
1,000
Do
*42
45
44
43
pref
42's 43
44
447s
591- Oct
38
J’ly
521- Feb 16
1.575
333, J “c 3
37
United States Rubber
301- 361- *36
3 512 361343j 3 512
ilia
Jan
10978 Jan 7 xio434 J’ly
981- Ma>r27
525
1st pref
Do
*98
991 991- 100
99
1001) *98 100
75
May 1871- Jan
7Si 8 Jail 7
Mch 26
100
08
Do
2d pref
*001- 681- *061- 09
*07
70
69
69
501.) Oct
32*s J’ly
5038 Jan 7
227,251
3l3g May27
33
3.31- 34i8 United States Steel
—
325s 333g
337,
321.1 331113U Jan
9S34 J’ly
91D Mch25 10734 Jan
35,110
7
Do pref
97
973)
977s 9816
97r,s 98.->k
907g 9734
443 $24
Mch 25 $391- Mch 4
2.51- 263) dUtah Copper
26
26 Par 510
2512 25125*8 20 5s
58 Jan
31
J’ly
‘231- May29
3938 Jan 7
1,250
27
26
26
26
Vlrglnla-Carolina Chemical.
*2534 26
*243.) 26
200 101
Mch 2 5 108 Jan 9 101 JTy 117i«Jan
Do
104
pref
*10251 1031- *1023.1 1031- 1031- 10312 104
93
Dei
38
May
97
Jan 22
700
♦6
64
Vlrdnla Iron Coal A Coke..
00
+60
65
C0'2 GO'00l2 *00
100 250
May 7 i 300 J’ne 3 233 Mch 305 Oct
*280
*2S5
*280
Fargo &
94i.j Jan
jS334 Dec
85
Jan 10
1,172
78
May 29
80
esternUnion Telegraph.
80
so
$80
*781- 7917934 80
148
Aug 170 Jan
100 142
May 28 1 151 Jan 2
+ 1411- 144
+ 1121- 143
Westlngh’se LI & Mfgasscn.
143
M3
*142
144
May23il 162 Nov 188 Jan
Do
§145 Apr 26 §160
1st pref
*142
105
165
*142
165
*142
*142
165
53
■
Mch2G
Mcj'25
811* 3U2
81
100
60
19
50
35
35
•»100 100
*66i-> 68
81
•95
♦58
• 15
*43
*14
42
33«4 3434
99
*6610
99
68
31-8 32*s
323, 327s
96 lg 96-8
96:,s 973.1
2810
2510 26
28
26
26
*2512 201• 103
108
*102*4 108
63
63
*60
70
300
300
300
78'2 79'a
79lg 79i a
+ 142
144
144
*142
*112
105
165
*142
•275
■
.
.
\YreH3
BANKS
llid
Banks.
Union Exc *1
U S ExchT
WashH *hts*
Weat Side!!.
Yorkvllle !i.
.
220
1221225
600
400
Ask
Banks.
425
First
Home B’nk!;
jl'rospeet Pk!j
iTerrnlnal. .1.
150
140
Nassau
Nat City
Brooklyn
..
....
175
450
....
140
375
iNorth Side *r
....
TRUST
Trust Cos.’
N Y CUy.
390
175
330*
300
475
430
BroodwavTr 150
210
Carnegie
Central Tr’st 1850
220
._
[Commercial 220
280
[Columbia
[Cornmonw’h
165
lEqiiltableTr
[Farm Lo&T
Empire
....
Bid and asked prices: no sales on this day. $ Less
tSale at Stock Exchange or at auction this week.
♦
H Id
Bankers’ Tr
Bowl’g Gr’n
315
_
_
_
»
_
a
Mch05
Co..
COMPANIES—BANKERS’ QUOTATIONS.
Ask
Astor
160
400
315
155
260
305
360
Manufactrs’
Mechanics’ !!
Brooklyn.
Broadwayt.
Ask
Brooklyn.
Montauk
Borough U..
Bid
AND
240
132l2
j
500
440
160
225
2050
235
230
145
335
....
350
435
1
300j
Trust Co’s.
Bid
Fidelity
Fifth AvTr.
Fulton
215
Guaranty Tr
Guardian Tr 240
95
Hudson
Knlck’b’ker 1190
Law Tl&Tr. 230
Lincoln Tr.
Manhattan
Mercantile..
Metropollt’n 580
Morton Tr’st
-r- -r
510
245
105
„
_
250
360
.
450
....
850
725
A sk
Trust Co’s.
120
195
NYLlfe&Tr 1000
New York Tr 650
13C
205
Brooklyn.
Brooklyn Tr
Citizens’
Flatbush
Mutual
Mut Alll’nce
550
300
480
Bid
Trust Co’s
Ask
-
Standard Tr
Title Gu&Tr 1475
Tr Co of Am 700
Union Trust 1250
450
US Mtg&Tr
Unit States. 1200
VanN’denTr 260
.
«
-
Washington
400
Windsor
185
.
-
•
-
670
410
715
1300
470
1230
275
200
-
Bid
Ash
425
450
155
275
320
330
160
LIsl L&Tr..
Nassau
145
250
310
815
150
190
460
300
250
People’s
3161.)
...
..
Franklin
Hamilton
...
__
Home
;
Jenkins
Kings Co
....
Wllllamsb’g
than 100 shares, t Ex-rlghts. b New stock. cEx-divldend and rights. dNow quoted
sTrust Co. certlilcatcs. If Banks marked with a paragraph (U) are State banks.
210
476
315
270
225
dollars pershar*
New York Stook
Exohange—Bond Record, Friday, Weekly and Yearly
OCCUPYING
PAGES
FOLK
vs
BONDS
X. Y. STOOK EXCHANGE
Wbuck Ending June 7
Friday
June 7
w
Bid
104 4
U, S. Govemiuem
IT S 2s oonsol registered.dl930
US 2a consol ooupon....dl930
Ufi8s registered
&191S
U S 8s coupon
A1918
U S 3a rag small bonds..fc!918
U S 8s oon small bonds.,/cl918
U S 4s registered
A1907
January
fto
Txrw
High
104 Hi 105 3*
104 Hi 109)4
l(>24 10234
16 1024104
107
J’ne’02
104 Hi Oct ’05
101*...
10O34 1014 101 Hi May’07
100* 10 L 4 101L May’07
1287r 129 4 130 May’07
1925
100* 101 H
100* 101*
129
12870 129 Hj 129* May'07
10441064 105 H; Oct ’06
1925
2s. fcl936
Philippine islands 4a.1914-34
Pub wks and imp reg 4s 1935
Pub wks and imp reg... 1930
1004
Foreign Government
Japanese Govt 6s sterl’g.1911
1911
2d series 6s
X loan 4*28 ctfs full pd.1925
2d series 44s ctfs full paid.
X loan 4s ctfs full paid..1931
Sale
sale
Sale
Sale
83 4
84
8334
162 ^ 102
hese
98 78
98*
92 4
913s
98
94
pr ices
are
State Securities
Alabama carr fund 4s ....1920
1144
102
’1244
Virginia fund debt 2-3s...l99i
96*4
28"
6« deferred Brown Bros ctfs.
Sale
9634 100:H>
96* 1003&
8734 943s
87 Hi 927g
3
6
9834 1033,
96% 99
98
0 n
79
85 H
.♦2 Hi
95
of $5 to £.
the 0 astf>
labama Cent
bee So
100H lOOHj
126
126
Mar’OO
* May’07
934 May’07
137
27Hi
28
95
96
934
9534
20
28
864
94 ^ Sale
99
98* 99 4
Registered
A1925
5s.. 1919
Registered
Monon Rlv 1st gu g
Oen Ohio R 1st cg4 4a..l'J30
Cl Dor & W oon 1st g 5s 1933
Ohio River RR 1st g 5s.1936
General gold 5s
1937
Pitts Clev A Toi 1st g 6s 1922
Pitts A West 1st g 4s...1917
Btat I si Ry 1st gu g4 4s 1943
Bat Creek A fc> bee M ich Cent
Beech Creek bee N Y C A 11
Bailev A Car bee Illinois Cent
3
82
84
9714
9834 128
93
87
86
86 Hi
98
87
923,
99-
Apr’O?
864
94*
84
S6
86 Hi
‘
1i
259
Feb’07
OS^Aluy’Ol
93
954 Sale
95
i'2'3";;;;;
91
82
91
92
90
99
96
99
99
9S3*
98°b
96
96
May’07
91
954
03
92*4
99 Hi Mar’06
82
82
9S78
82
89 H
9G34 Dec’06
98
92
92
893a 93 Hi
62Hi 92 Hi
98 )* 10230
98
101H
921* May’07
98 Hi
994
Sale
99 Hi May’07
120
Oct ’U1
89
Mar’07
92 Hi May’07
87
88 Hi Sale
S734
89
88H1
89
90
924
96
9034
8734
Oct ’06
n
ioi”
1067e Feb’07
10678 1057b
M-S
A-O
ioy* 112
109
110
116
Il'd" il3*°0
Apr’05
Apr'07
May’06
iYi Hi 1134Nov'uG
110
119 Hi Mar’04
94
Mar’07
924
100
Nov’04
J-l)
A-O
A-O
J-J
J-l)
Buffalo R & P gen g 6s...1937 M-S
All & West 1st g 4s gu..l998 A-O
Cl & Mnh 1st gu g 5s
1943 J-J
94
94
Rook «fc Pitts 1st g 6s...1921
Consol 1st g 6s
1922
Buffalo & Southwest bee Erie
Buff A Susq 1st ref g 4s.cfl951
Bur C R A N bee O R IAP
FHanada South 1st 5s
1908
02(1 5s
1913
117
F-A
Apr’06
118^4 Mar’07
94 Hi
102
Sale 102
102
102 Hi 102 '4
100 Hi
l0034
Registered
lstpref income g 5s
Stamped
2)1945 Oct
2a pret moome g
5s
pi945 Oct
3d pret income g 5s
pi945 Oct
118*4 123 4
Apr’07
102H
May’07
Mu) ’07
89*4
23 100
101
1945 M-N
Stamped
Street
Railway
g Gs
1st refund
couv g
li>45
101
81* Sale
1U2 4
4s....2002
BkCity 1st cou5s.1916.1941
BkQ CoJfc S con gu g 5s. 1941
Bklyu Du El 1st g 4-58.1950
1950
Stamped guar 4-5s
Kings Co El let g 4s
1949
Stamped guar 4s
1949
Kassau Elec gu g 4s ....1951
Conn Ky& Llstdb ref g 44s ’51
Stamped guar 44s .1
1951
Den Con '14 Co 1st g 5s...1933
Dot United 1st con g 4 4s. 1932
Havana Klee consol g 6s. 1952
Inter-Met coll 4 4s
1956
Ihternat True coll tr 48.. 1949
jU>uiH Ry Co 1st con er 6s..1930
Manila Elec let & coU 6s. 1953
108 4 Sale
1
101
May’07
80*
81*
103
100
101
110
87
Apr’07
Apr’07
102 4
Feb’96
Fob’07
116
1024 111
90
90
85
85
70
73
68
62
7578
74H
65
66
.100
17 100
1014
I08
’*•*
'87** **89*
1
83*
8S4
79
79
79
98 4 May’07
7
79
86
9S*
1
87
74
Sale
71
*
88*
98*
9841024
934 Oct ’06
88
83
*10
72 4
383
74
67
C94 30
109
Mar-OH
98
May’06
dDue Jan
98*
98*
J’ne’OO
....
A Due Apr
*83" **93**
72 4
69
*•••••
82
73
••••••
e Duo
May
J-J
Sinking fund 5a...1879-1929
1879-1929
1909
i
1909
Registered
Debenture 6s
1921
Registered.
Sinking fund deb 5s
1921
1933
Registered
1933
North Illinois 1st 6a....1910
Ott C F A St Paul 1st 5s 1909
Winona A St Pet 2d 7s„1907
M il L S A West 1 st g 6s 1921
Ext A Imp BiumlgfjH 1929
Ashland Div 1st g 6s.. 1925
Mich Div 1st g 6s.
1924
Incomes
1911
Chic Rock 1 t»l A Pac 6s... 1917
97 7s
on
Met St
Ry
gen
1014
104
110
1U0
100 4
102 4 108
12 3 4 i‘20-4
126
122
1094 1U
994 100H
97
May’07
85
101 4 Apr’07
104
May’07
110 4
1104
116
J’ne’06
100
104
99-4
104
112
15
1004
May’06
100
75*4
67
89 H
105
107
9U3, 105*
Feb’06
96 4 1004
92 4 924
66s, May’07
98 H
894 Sale
7g 101
11030 Ilf
19
974 May’07
92 4 Mar’07
1134 Feb’05
99*4 Feb’OH
754 May’07
974
JiigS
Low
80 H
99
M av’Of)
May’07
89 4
89 4
Sep ’06
1024
May’07
99 H
1004
90
102 7e 102
106
ion3,
994 1004 99 4
100
100H 1004
...
754
80
6G«4
76*
9841604
924
89
100
103
106
106
98\ 164
102
101
1014 Dec’06
LOO
M-S
M-N
M-S
J-J
J-D
1004 Sale
1054
A-O
M-N
M-N
J-J
127
Ill
.....
92
1004164
109
105 3,
92
Apr’07
May’07
May’07
92
103
126
1004
124 4
1264 May’07
HI H
non 1114
105
106
105
103
May’07
1054 May’07
103 4 Muy’07
104 4 Oct ’00
....
92
92
92
1094
1154 Oot ’05
HO3, 112*4 112 May’07
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j
j-j
j-j
J-D
J-D
106
Ill
126
111
126
1174
U34
il8*t
125
1264
107
1117*
104 4105
103
1064
101
107
....
1054....
99
1004103
1113* 11134 May’07
1184 Feb’06
1134 Feb’07
109
r3
J’ly’06
1004 1004
loo3, May’07
904
93*
112
1134
105 4 106*
10 110
112
1054 May’07
111
1114 111
1054
1064 Feb’07
1194
1374 J'ly *99
109
109
109
106*106*
....
....
1084 109
....
106
1014-.-.
Aug’04
1824 Apr’06
1084 108 H
102
Apr’07
105 4
165 4
108
103
1054
104
......
1094 Muy’07
1014
1064 Feb’07
1064
1174123
1014
107
107
Feb’07
104
92 4
92 4
107
95
111
1064
1064
A-O •107
A-O
M-N
loot,
M-N
994
103
A-O
103
A-O
M-N
?A-N
IO04
M-S
M-S
1003b
IO04
1204
Feb’07
Oct’06
....
.
.
...
U34
100\May’07
......
113 4
99
100
914
•j7
92 4
b7
90
864
93
PI*.-
4
May’07
Feb’02
Feb’06
Sep '03
114
May'Oi
116^
1164 1164
Mar’07
43
100
983, 100*
99 4 99*
Feb’07
874 142 87 4 91*
J’ly’O f
Nov’OH
90 4 904
Jan ’07
May’01
Feb’07
90* 90 >
84
90
May*"?
77
67 4 145: 66
85 4
9U34
85
67 4 Salt
84
66 4
79
Dee’05
834
Sale
116
117
1004 102*
ion* 101*
122 4 123*
113
1134
101 4 May’07
123“, Apr’07
1164
99 4
99*4
87 4
9*4
87 4 Sale
il4*
117
Feb’06
1054 Dec’05
110 4 .../.. 113 4
122 H
142 4
122 4
12b 4
100
1034 109
117
115 4
bi
100 4 102*
98
101
107
107
100*,
994
Jan’07
1084 Jan ’04
113 4 Apr’07
107
....
’
1064 106*4
107
107
106H
107
107
107 4 J’ne’U6
1004
99
104
104
1074 HO*
106* 107
1104 1114
118*121
1014 102
101
104
92 4 9*
95
95
1184 May’07
1014 Muy’07
92
.
Jan ’07
104
1094
92 4
•
1084 108*
102 4103
102410534
8‘i’" *91*
12
81
115
May’07
1114
1204 Mar’o3
105
111
117
Nov’05
Next Past*.
1
Railway
col tr g 5a. 1997 F -A
Bwaytfc 7th Avlstog6s 1943
Col A 9th Av 1st gu g 68.1993
Lex Av & P F 1st gu g os 1993
Third Ave RR con
4s 2600
gii
J -D
,\I -S
.M -S
J -J
J -J
F -A
F •A
Third Avo Ry 1st g 5s..1937
.Met W S El (Chic) 1st g 4S.193S
Mil El Ry A L 30-yr g 58.1926
Minn St Ry 1st con g ds.. 1919 J -J
N Orl Ry A Lt gen 4 4s ..1935 J J
St Jos Ry LtH A P lstg 5s’37 M -N
St Paul City Cab con g Gs. 1937 J -J
Underground of Lon 5s... 1908 J -I)
79* 80 May’07
1664 110 4Mav’o7
113 4 Feb’07
112
109
110
85
86
Ill* 1 i l
85
98
t
-
Union El (Chic) 1st g 5s..1945 A -O
United KRs San Frsf4s.l927 A -O
United Rys St L 1st g 48.1934 J -J
W Chic St 40-yr con g 5a. 1936 M -N
J’ne ADue J'ly
A: Due Aug
ilP2
103 4 May’07
103
2002 A -O
Rex g 4s
g Doe
99
88
A-O
A-O
M-N
M-N
M-S
M-S
J-J
J-J
J-J
M-S
M-N
A-O
J-J
J-J
F-A
J-J
J-J
J-J
A-O
A-O
M-N
M-N
g 4s
Coll trust SeriesH 4s ..1910 M-N
1912 M-N
J 4s
M *as
1
1915 M-N
N 4s
1916 M-N
O 4s
1917 M-N
P 4s
1918 M-N
Chic R 1 A Pac Rll 4s..2002 M-N
Registered
2002 M N
Coll trust gold 5s...... 1913 M-S
Bur C'ed R A NortliernCon 1st A col tr g os... 1934 A-O
Registered
1934 A-O
CKIFANW 1st gu 6s. 1921 A-O
M A St D 1st gu g 7s.. 1927 J-D!
January 1
May’07
98
974
Q-F
1917
1988 J-J
19*8 J-J
1934 A-O
Registered
Since
.0
100
-S
M-N
M-N
F-A
M-S
J-J
M-N
J-J
J-J
®
LUO
S-M
Registered
....pl987 Q-F
Sinking fund 6s...1879-1929 A-O
1S79-1929 A-O
Registered
Range
or
Ask Low
1*3
J-J
M-N
Chic cfe Mo Riv Div 5s...1926
Clue A Pac Div 6s
1910
Chic A P W 1st g 5s
1921
Dak A Gt So g5a
1916
Far A Sou assu g 6s
1924
Hast A D Div 1st 7a
1910
1st 5s
1910
I A D Exten 1st 7s
1908
LaCrosse & D 1st 6s....1919
Mineral Point Div 5s. ...1910
So Minn Div 1st 6s
1910
SoutliwestDiv Ist6s....l909
Wis A Minn Div g5s....1921
Mil A No 1st M L 6s....1910
1913
1st consol 6s
1915 O-F
Chic& Northw cons 7s
Extension 4s
1886-1926 F-A
Registered
1886-1926 F-A
General gold 34s
1987 M-N
Street
107
79* 92*
>102 4 163*
#l-N
Louisv ief 6)...1947 J-J
1947 J-J
Louisv N A A Ch 1st 68.1910 J-J
Chic M ii
St P term g 5s 1914 J-J
General g 4s aeries A..el989 J-J
el989
General g 34a series B.tfl989
CkicJfc L 8u Div g 6s....1921
Week’s
Range
Last Sale
Hio>> Ao
J’ne'OG
1154 Doc ’(ly
115
Nov’05
115 4 Aug’05
106
102 4 Mav’07
102
123 41244 124
May’07
122
122
122
109
4 Apr’07
1094
Refunding gold 5s
BONDS—Continued
!l00
iii
bid
J-D
J-J
J-J
J-J
Chic In
Refunding
83*
95
1937
Chic & Ind C Ry 1st 5s. 1936
Chicago A Erie bee Erie
Registered
1054
S3*
102* 104
98*
1919
Sinking fund 4a
102H
83*
*No price Friday; latest prioe this week,
103
D 4s 1922
1949
1949
Nebraska Extension 4s.1927
Re giatered
1927
Southwestern Div 4s....1921
Joint bonds See Great North
Debenture 5s
1913
Han A St Jos consol 6s. .1911
Chic A E Ill ret A imp g 4s 1955
1st s 1 cur 6s
1907
1st consol g 6s
1934
General consol Ist6s....l937
General gold 4s
Re gister ed
k!6
,
iUlSCELLAMEOlhS
Brooklyn Rap Tr
96s8
10034 ioo:h
116
Mar’07
103 Hi
104
113
Apr’06
86
85*
May’07
85
88
May’07
7d
M ay’07
70
74
May’07
69
68
May’07
62
60
Apr’07
116
103 4 Sale
118*2
103 H?
112
Lu2
124
J-J
Registered.
1913 M-S
Carb A Shawn bee 1U Cent
Carolina Cent bee Scab Air L
Darthaee A Ad bed N YC&H
Ded R la F A NT bee B C K A N
□en Branch Ry bee Mo Pac
Dent ot Oa RR 1st g 5s..plP45 F-A
Consol gold 5a
.'...1945 Xi-14
Stamped
120
J-D
J-J
M-S
May’07
103Ht Feb’07
103
Apr’97
97
110
1950
Gold 4s
....1949
Iowa Div sink fund 6s..1919
Registered
Bruns A West bee Atl Coast L
Buffalo N Y A Erie bee Erie
114 Hi 113 H
Registered
Chic Burl A Q—Denv
Illinois Div 34a
Debenture 5s
bee Long 1
Bklyu A Montauk
Registered
1939
General gold 4 4a
1992
Registered
1992
Craig Valley 1st g 5s....1940
R A A Div 1st con g 4s..1989
2d consol g4s
1989
Warm Spr Val 1st g 5s..1941
Greenbrier Ry 1 st gu g 4s ’40
Registered
1327a Jan’06
112* Jan ’04
114* Nov’05
J -J
M-N
M-N
J-J
86
92 H
92*4 108 H
Feb’07
98Hi Nov’04
Nov 06
94
93
91
96H 102 Hi
9334 10 i 34
87
92 7«
1
5
96
A192 5 Q-J
A19 4 8 A-O
A194S o-j
Pitts June 1st gold 6s...1922
P Jnn A M Div 1st g 3 4sl925
PLE&W VaSysref 4s 1941
Southw Div 1st g 34s... 1925
90 Hi
92
89
Stamped
A1995 A1-N
Conr g 4s
1955 J-D
Debentures 4s Scries F. 1908 F-A
Senes G
1909 F-A
Series H
1910 F-A
Series 1
1911 F-A
Series K
1913 F-A
East Okla Div 1st g 4s..1928 MS
AS Knox AN bee L A N
Atlantio Coast 1st g4s.A1952 M-S
Obarles A Sav 1st g 7s.. 193b J-J
Sav JT A W 1st gold 0s..1934 A-O
1st gold 6s
1934 A-O
Ala Mid 1st gu gold oa ..1928 li-N
Bruns <fc Wist gag 4s ..1938 J-J
L A X coll g 4s
01952 M-N
811 8p Oca&G gug4s ..1918 J-J
Atlantic A Danv bee South Iiy
Austin A N W SeetSou Pacific
T>alt<fe Ohio prior lg34s. 1925 J-J
D Registered
Gold 4s
Sale
984 Sale
Price
Friday
June 7
H.1987
Registered
Imp gu 6s.. 1921
Le & Hud R gen gu g 5s 1920
Leli A Wilks B Coal 5s.. 1912
Con ext guar 4Hi8....pl910
N Y A Long Br gen g 4s 1941
Cent Pacitic
See So Pacitic Go
CentVermont 1st gu 94s.«1920
Chas A Sav bee Atl Coast Line
Ches A Ohio g 6s ser A., ft 1908
Gold 6s
a 1911
1st consol g 5s
1939
Registered.
95
o
^ 'if
Am Dock &
Railway 1st lien 34a...I960
liy
82
Cent of Ga RR—(Con)
Cliatt Div pur mon g 4s. 1951
Mae & Nor Div 1st g 5s. 1946
Mid Ga A Atl Div 5s....1947
Mobile Div 1st g 5s
1946
Cen It R & B of Ga col g 6s 1937
Cent of N J gen’lgold 5s. 1987
117Hi J’hc’06
105 Hi Dee’04
HKD, Apr’07
126
Mar’07
xXlaba Midi bee At Coast Line
Albany A Susa bee Dei & Hud
Allegheny Valley ttoePenn UK
Alleg A West bee Bull Kil
Ann Arbor 1st g 4s
A. 1995 4-J
Atoll T & S Fe—Gen g 4s. 1995 A-O
1995 A-O
Registered.
Adjustment g 48....... A1995 Nov
Registered
A19 95 Nov
N. Y. STOCK EXCHANGE
Week Ending June 7
Clue A Alt RR ref g 3s... 1949
Railroad
A
—
Mar’02
120
95 Hi
99 H) IS7
120
99
9 2 Hi 144
91 * 3S
23
84 4
May’07
111
Ditft of Columbia 3*6os
1924
Louisians new consol 4s..1914
North Carolina oonsol 4s.1910
1919
6s
So Carolina 4 4s 20-40
1933
Tenn new settlement 38..1913
1294 130*
1021,
Sale
9134
130*4
May’06
9 8 7&
98*
92^
91^0
98
1954
111
—
*
Repub of Cuba 5a exten debt..
U S ot Mexico s f g 5s of 1899
Gold 4s of 1904
Since
5-®
High
a sk Loro
BONDS
Range
104* 1044 Apr’07
1043, 105 Hi 104* May’07
102
103
102 Vi May’07
102
103
1024
1024
7il9o7
U 8 48 coupon
U S 4s registered
U S 4s ooupon
US Pan Can 10-30 yr
Week's
Range or
Last Sale
Price
■5 ©
72
67
804
......
93
i 09
107
90* 90
103
110
77
100
67
72
8 L
90
_
......
oDue Get
80
!10S
113
lid
85
11 1
1
....
May’()7
M ny’07
May’07
....
1168*
85
us
,113 4
1 10
89
i 144
4 J O' ’00
J’ly’06
4 Feb'06
4 Sep ’06
4 Oct ’06
4 Nov’06
Mi.y’07
Jan’07
67
May’07
Dec ’97
....
....
....
....
.
•
•
•
....
....
1
....
....
....
.
75
100
67
81
....
p Due Hot 3 Option
94
IOO
83*
80
si
BOND**
*. w
N. T. STOCK EXCHANGE
Week ending June 7
Chic Rock i & Pac—(Con)
Choc Ok «fc G gen g 5s .ol919
Consol gold 6s
1952
Keok So D*sM 1st 5s....1923
Chic st L A N O See 111 Cent
OWc St L A Pitta See Penn C«
Chic flt P M A O con 6a... 1930
Gen* 6* reduced to 3 4b.193d
Cfi at P A Minn IstgOs 191if or YV iscousin Ist0s...l93<
St P A 8 City 1st g 6s. ..1919
Chicago Ter Traua g 4s. ..1947
£ V
107
A-O
103
Range
Since
•QJC
January 1
higt1 No Low
Nov’w,;
May’06
Hiyti
M-N
126 4
J-J
A-O
„
1294 May’07
93
Dec’03
1314 Feb’07
1294 Mar’04
11 x 4 May’07
_
11S4
Q-M
109 4
109 4
97 7*
109 4
J. J
113
T. .1
1024 102
M-N
M-N
J -J
J -J
Erie—(Con)
131
....
1314 1314
....
...
.
......
.
ilO-4
...
May’07
1094
1204
U7-X
Apr’07
97
1094
109 4 113
....
0
Oct ’00
102
88
83
Jan’07
104 4 Feb’07
107 4 Dec 02
98
977e
....
102*
1
i()5
58.1937 J-J *1104
2d gold 44b
193 F-A
General gold 6s
194 F-A
Terminal 1st gold 5s... 1943 M-N 110
4
83
83
It 44 105
....
Mid Rltof X J lstgGs.1910
Wilk A Ea 1st gu g 5s. 1942
fGv A Ind 1st con gu g 6a.. 1920
Erie A Pitta see Penn Co
Evans A T H 1st cons Os.1921
istgeneral gold 5s
98 4
96
J-0
984
99
99»b Jan *07
Sale
974 Apr’07
934
93 4
93 4
97
I
|
Q-f
Q-F
J-J
J-D
.
004 102
994 99*8
.
.
.
.
1
Jan .’07
08 4
97
93
97
.
....
08
Sep ’06
Jan ’04
105
97 4 Mar’i>7
90
1U4 4
97 4
984
.
....
Apr’07
984
97
109
114
1184 Jan’07
129
132
99
984
994
109
11841184
....
1.1 \
J-J
J
1934
A-O
104 4 Not’01
914
*91
674
Apr
J
A
-
F
-
M-N
1915
20U0
GS...1921
1923
Construction 5s
Term A improve4s
1923
Warren 1st ret gug 3 4s.2000
Del A Hud 1st Pa Div 78.1917
Registered
1917
1910
10-yroonv deb 4s
▲lb A Sus conv 3 4s
1940
Reus A Saratoga 1st 7s.1921
Del Riv KK Bridge See Pa HR
Deuv A R Gr 1st oon g 48.1930
Consol gold 4 4s
1930
Improvement gold 6s...192s
N Y Luck A W 1st
1314132
T
-
A-O
J
Feb’o7
....
69
Sale
89 4 Sale
914
60
25
914
95
724
60
....
13
744
94 4
93
67
89 4
95
8
***’
A-O
J-I)
J -D
j-j
F-A
M-N
F-A
M-S
M-S
J-D
A-O
M-N
Rio Gr J uuo 1st gu g oe.1939
Rio gr So 1st gold 4s.... 1D 4g
J-J
J-J
J - I>
J -D
j-j
194<
J
1939
j-j
Mgeandcol trust 4sA.1949
A-O
A-< :
Utah Cent lmgu g4s al917
Des Moi A Ft D See M A bt i.
Des Moi Uu Ry 1st g 5s..1917
Det A .Muck 1st lieu g 4s. 1995
Gold 4s
1995
Detroit southern—
Ohio Sou Div 1st g 4s...1941
Dul A Iron Range 1st os.. 1937
1937
2d Os..
1910
DuJ Short Line See Nor Pac
Dul So Shore A All g 5s..1937
L'aat of Minn See St P M A M
JT>ast Ten Va A Ga See So Ry
Elgin Jol A East 1st g 58.1941
E Iru Cort A 2s' o See Leh «ft N V
Erie 1st ext gold 4s
1947
2d 6xt p61d 5s
1919
3d ext <?61fl 4 '-as
1923
4tli ext gold 5s
1920
6th ext gold 4s
192b
1 st consol gold 7e
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior.. 1990
Registered
1990
1st coustil gen lien g 4s..1990
-
1024
110
117
1204
119
125"’
102 4 May’07
117 4 May’07
121 \ Apr’07
127
J’ne’05
1214 Sep *06
109 4 May’Oi
l()‘2-4 Aug’OO
....
123 4
121
90 4 Sale
93 4 Sals
130
132
...
93 *» Sale
102
104
96
93*8
1024 Jan’07
105 4 Feb’07
109
76
944
ib
92
110
89
92 4
814
Sep’04
Mar’o7
88
90 4
....
92*8
93
874 Feb’07
92
89
93
2
2
....
Apr ’07
....
M- S
A-O
\ ,r>
....
914
93
87*4
87*4
92
89
92
92 4
J -J
112
J-J
Jan’07
....
107 4
107 4 Jan ’06
109
Apr’07
M-S
A-O
104
103
J-D
98
r_v
98
80 4
77
1104
....
4 >lay’07
1104 Oct ’00
lOO’ft Feb’07
1074
93 4
....
-
^
-
2
93 4
994
12
80
85 4
88
S
25
104*8 Feb’OO
1204 130
115
May’b?
1 11«4 Jan ’ll.,
1952
Registered
ibs
...1953
Registered
1953
Cairo Bridge gold 4s....1950
IjOmsvDivATenn g3 48.1953
LN O A Tex gold 4s
120
100
j
102*4
100
100
100
Apr’07
g
4s
100
09 4
loo
97
99
98
......
......
93
......
.......
......
......
89
......
......
80
1909 M-S
1921 M-S
1938 J-l)
1951 M-S
097e
......
......
......
8
116
3 100
100
....
....
105
80
103
Registered
Kentucky Cent
1950
See LAX
Iake
Erie 5sA VV 1stg5s..1937
2d gold
1941
139*4
100'
100
105
86 4
104
Dec’00
itegistored
Lehigh Val (Pa) cons
Leh V Ter Ry 1st gu
Registered
:
g
1941
4s. 2003
5a. 1941
1941
J-J
J-J
....
115
117
Mar’9b
84*4 Apr’07
Mar’07
...
1"8
84
112
87
100
103-
91*4
92*. 157
04 *b May'O'.
100
May’07
102
103
103 H
Nov’Ub
98 7g.
90 4
894
db*8
0
Apr '0.
99
99
102 4
102
1054
llhi
95 4
Apr ’0.
70
101
Oct ’04
107*8 i 07*j»
...
luo7*
loo
J’ly'Ot
99 4 J 'ne’Ot
A pi
99
99
....
109 4 Sep ’00
107 V Apr’0 i
......
......
....
’0.
102*4
98
98
93
May’* >7
98*8 Muy’O.
97
May’07
102*^ Jan ’t;7
89
May'o?
98
984 1"3
102*4 102*4
89
91
May’PP
7«4 Apr’oO
78*4 I eb’O.
......
.....
Mai ’07
101 *h Oct ’9»
100
Nov’lmi
100 4 Apr ’07
122
i n t ’u:'.
97
^
97
97
123
784
78\
884
89
100 4 102
Tt.
Mar'0.7
.
1184 Apr 07
119*4 Mar’O-l
93*8 51 ay’01
I
.
....
...
97
1 : S4
97
1184
T_.
100 4
1004
97
97
....
934100
111
95
05
109
&5
....
1124 113
112*8 May’07
107 4 May’07
110
Apr’O.
107*8 Sale
IOT-’b
J-D
M-S
J-l)
M-S
J-I)
M-S
M-S
M-S
A-O
i 13
112
on
G
OCt ’CM
100 4 103
100 4
M-N
Leroy A Caney Val See Mo P
Long Dock See Erie
Long Isl’d—1st con g 5s./tl931 Q-J
1st consol gold 4s
/il931 Q-J
70
69 4
03
J-J *100
A-O
A-O
Leh V Coal Co,1st gu g 6s.1933 J-J
Leh A X Y 1st guar g 4s.. 1945 M-S
Registered...
1945 M-S
El C A X 1st pt Os
1914 A-O
Gold guar 5s
1914 A-O
Leh A Hud K See Cent of X .1
Leh A Wilkesh See Cent of X J
g
694 Sale
A-O
i
154
90°*
79
111
85
73
112% 114
100 4 1074
110
1104
...
106*4 107**
1
107*ft
100
May’07
95
Oct ’00
113 4 May’<.7
109 4 Oct ’99
112 4 May’07
9o*m May’07
*954
074
....
106
100
....
1134 1134
112
....
4 H24
95*8
90*4
....
i02*4 ”111’ il3 78 JanYUb
1054 Jan '0.
09 4
112
Apr’07
112
1124
....
1144
*04
00
•92
95
97
Mav’0'1
Nov’Of*
994 OCt ’00
947b Apr’07
110
J’ne’04
95 8
95
95 4
99
-
94
95 4
6
95
994
ibo
102^
1094
90
102
r
-
-
104
1004
100
Mar’O
105
1104 Nov’06
105
Apr’07
105
Nov’OC
109
103 4 Feb’07
103
<
....
....
4103
4
Next Huge.
Gas nnd Electric Light
Lac Gas Lot St L 1st g 5s.<1919 Q-F
Rer and ext 1st g 5s
1934 A-O
Milwaukee Gas L 1st 4s.. 1927 M-N
NYGELHAPg 5s...1948 J-D
Purchase money g 4s. ..1949 F-A
Ed El III 1st conv g 5e.. 1910 M-S
1st consol gold 5s
1995 J-J
g 5sl930
N Y A Rich Gas 1st g 5s.1921
Pat A Pas G A E con g 5s. 1949
Peo Gas A C 1st con g Os. 1943
Refunding gold 5s
1947
ChG-LACkelstgugSs 1937
F-A
M-N
M-S
6 Due Pah <4Dae Apr • Due May A Due
1949
1950
102
J-J
101
99
M-b
J-O
1014 1054
102 4
102
914 914
99 4 103 4
102
Feb’07
Jan ’07
May’07
814
May’07
J’ne’06
Apr ’07
844
80
99
1004
95
99
Nov’05
104*4 Nov’05
110
Con G Co of Ch lstgug5s.’30 J-D
Mu Fuel Gas 1st gu g 6s. 1947 M-N
Trenton G A El 1st g os..
Westchester Light’g g 6s.
101 *4
102
80
914
102
97^4 lb 14
81
81
100 4
1004 102
113 4
105
95
98 ><
103
100
101
A-O
MS
Syracuse Lighting 1st g 5s.’61 J-D
934 Mar’06
....
93 4 May’07
Ill* ll’i 112 May’07
90 4 31 uy’07
U64 99
05
73
Ma)’07
•
I’eb’07
103 4 111
Feb’07
79 4 83
North Ohio 1st gu g 5s.. 1945 A-O
L Sbo A Mich S See N Y Ceut
Leh Val X Y Istgu g 4 4s. 1940 J-J
BONDS—Continued
A-O
116 4 May’07
116
116
104 4 100*8
1
Kat A A G R See L S A M s
NYAQE1 LAP 1st con
....
......
.064106 4
1
loo 4 May’o'.
97
Mar’07
98 4
97
See Tol A (.» C
an A Mich
K C Ft S A M
See St L A S F
KCAMK&U See St L A S !•
Kan C A Pacilio
See M K A '1
Kan City Sou 1st gold 3s. .1950 A-O
119
1044 1074
73 4
63
*
......
May’o 7 ...J
89
M-S
107*4 Dec '00
104
Apr’O?
prtoe Friday; latest bidand asked this week, o Due Jan
......
......
-
1950 J-J
Os.. 1919 M-N
2d gold 5s
3d gold 4s
Iowa Central 1st gold 6s..
Gold 4s
;
Jetlerson RR See Eoie
1014
Q-J
804 Apr’o7
98
*
M-S
"
......
98*4 Nov’ui;
34s...1951
Div 1st
101
1034
J
J-J
Spring
g
F-A
Western Lines 1st g 4s..1951
Bellev A Car Ibc 6s
1923 J-D
Garb A Shaw 1st g 4s... 1932 M-S
Chic St L A X O g 5s...1951 J-l)
Registered.1951 J-D
Gold 34s..:
1951 J-D
Registered
1951 J-D
Memph Div 1st g4s... 1951 J-D
St L Sou 1st gu g 4b
1931 M-S
Ind B1 A West See C C C A St L
1951
Registered
100 4 101
120
130
105
Feb 07
61 4 Oct ’01
80
09
Middle Div reg 5s
1921 F-A
Omaha Div 1st g 3s.....1951 FA
St Louis DivAterm g 3s. 1951 J-J
Registered
1951 J-J
Gold 3 4s
1951 J-J
Bklyn A Mont 1st g 6s..1911
104 4 May’07
68
May’07
121
125
1 10 4
......
....
J-D
J-J
......
|
104
70
....
Apr’05
Feb’OO
1U0
92*4 Sale
A-O
M-N
M-N
Sep’06
IU97S Oct ’05
121 4 Dec’06
F-A
A-O
J-J
ousatonio See N Y N H A H
Hock Vai Istconsolg44s.l999 J-J
Registered
1999 J - J
Coi A H V 1st ext g 4s..l94b A-O
Col A Tol 1st 6x 48
1956 F-A
Houst E A W Tex See So Par
Honst A Tex Cen See So Pac Co
J-J
Registered
1951 J-J
1st gold 3 4s
1951 J-J
Re gist e red
1951 J-J
Extended 1st g 34s
1951 A-O
1st gold 3s sterling
1951 M-S
Coll Trust gold 4s
1952 A-O
914
76
103*4
72
87
L20 4 120 4
115
100s8 May’07
120
May’07
J-D
A-0
See 8t L S W
84
......
....
85 4
80
•
coll tr 4s 1921 J-J
Registered, h
1921 Q-J
Greenbrier Ry See Qhes A O
Gulf ASH st ref A t g 5s 61952 J-J
118
M-N
AO
J -4 *122
ft/l-S
J-1)
F A
F-A
M-N
129 4
126
Feb’OG
133
93 4
93 4
9y 4 Oct ’06
80
4
80'(.
814
85 4 Feb’07
80 4
87
86 4
76 4
76:,«
73
72
May’07
1204 Apr’07
1004
109
1U9
103 4 1034
10078 1007g
94 4
1134115
••••••
....
1274 May’O?
111
110*8 112
••••••
.
.
116
116
104*6 104 4 Apr’u7
81 'd
Gt Xor—C B A Q
j
113*4 114 4 No v’OO
M-N
J-J
1114
8*
Light
Detroit City Gas g 5s
1923
Det Gas Co Con 1st g 5s...1913
JfidEUUBkn See K Oo E La P
Ed K Ill See X V G A L L H A P
Eq G LN Y 1st con g 6s.. 1932
G&sA Elec PergOo c g6s. 1949
Gen Electric deb g 34s..1942
Gr Bap G L Co 1st g 6s...1915
Hudson Codas 1st g 5s..1949
Kau City (if o) Gas 1st g 5s 1922
Kings Co El R A P g 5s...1937
Purchase money 0s..
x997
B4 Mi II Bkn let oon g4s 1939
14
93*8 97*4
102 4102 4
1044 105 4
111
.
.
/t
n .</
100 4 U.3
ilo:V 1 lo 4
...
.
104 4 Of.t ’00
105 4 lo5 4 Apr’e?
110
Apt ’Or
105
100 4 111
Keok A Des Mo See C It 1AE’
Knoxville A Ohio See So Ry
Oct ’06
84 4 80
110
111
Apr’07
112 4 Feb’00
......
.......
1
/.!>■!
108
See So Ky
Gray’s Pt Term
Ind Ill A la 1st
.HlSCEhlAISEOUS
Atlanta G L Co 1st g 5s...1947
Bklyn U Gas 1st con g 5s. 1945
ButiaJo Gas 1st g 5s
1947
Couael Gas conv deb Os.... 1909
Con sum Gas see P G A C Co
^
Mur’05
Dec’05
Jan’05
J-D
J-D
Dock A Imp 1st cur Ob..1913 J-J
X Y A Green L gu g 5s.1940 M-N
^
100Feb’07
110*8 Ma>’U
......
January
Gila V G A Nor See So Pac Co
Gouv A Oswegat See N Y Cent
Grand Rap A Ind See Penn KK
Int A Great Xor 1st g
Jan ’02
J-J
F-A
Penn coll tr g 4s
60-year conv 4s A
1963 A-O
do
Sere s B...1953 A-O
Bull X Y A Erlelst7s..l910 J-D
Bud A S W gold Os
1908 J-J
Clilo A Erie 1 st gold 5s.. 1982 M-N
Clev A .Mahon Val g5s.1938 4 - J
Jett RR 1st gu g 5s....01909 A-O
Long Dock consol g Os..1935 A-O
Oohl A R‘R 1st cur gu Os. 1922 M-N
.
....
97
1990
1951
......
....
110
J-J
J-J
J-J
iii4
i'09
....
102
Feb’03
133
Feb’OO
149
Aug’01
94 4
90 4 294
92 4
93 4 50
133 4 Dec ’06
M-N
Al-S
M-S
..
.
....
......
J
M-N
M-S
10141044
117 4117 4
121*8 121 *8
....
May’u7
1004 Dec’U.:
110 4
»
v
106 4
See Ch M A St P
i lint A Pere M
See Pere Mar
Fla C A Pemn see Sea Air Line
Fort St U D/Jo 1st g 4^8.1941 J-J
Ft W A Den C 1st g Os....1921 J-D
Ft W A Rio Gr 1st g 4s... 1928 J-J
c
Hign No
ll4
Illinois Central 1st g 4s..1951
92
May’O’i
68
69
89 4
89 4
95
Feb’07
110
J-J
A-O
A-O
Han A St Jo See C B A Q
97 4
4 109
109
109
100
/ ’ ai Har ASA See So Pac Co
' ^al HA Hof 18821st 5s. 1913 A-O
Georgia A Ala See Sea A Line
Ga Car A Xor
see Sea A Line
994 Fell’05
M. C
J-J
6
.
1034
nance
S1V :r
I
Last saU
Mt Vernon 1st gold 6*.. 1923
Soil Co Branch 1st g 6s.1930 A-O
Georgia Pacitio
j-j
j-j
M-N
M-N
1942
......
A-O
J-D
J-J
or
Hargo A So
......
...
....
Range
ask'Low
Hia
«...
128
........
7
I
Del Rack A Western 7a... 1907 M-S
Morris A Essex lst7s... 1914 M-N
1st consol guar 7s
1915 J-D
■>i“s
!
WteK's
Rrxce
hruiay
June 7
H V Sus A W 1st ref
U73,
J-J
A AGtWaco
Dak
So SeeSee
CMM AK StA 'iP
alias
Gan nnd Electric
N. Y. STOCK EXCHANGE
Week Ending June 7
105*8 Nov’OO
J-D
J-D
1st pret 48.1940
O ind A W 1st pt 5s...<<1938
Peo A East 1st con 4s...1940
Income 4«
.1990
Clev A Marietta See Penn RIs
Clev A Pitt*
See Penn Co
Col Midland 1st g 4s
1947
Colorado A Sou 1 at g 4s...1920
Relund A ext 4 4s
1935
Oolum A Green v See So Ky
Coi A Mock Val See Hock Vat
Col A Tol See Hock Yai
Col Conn A Term See 7s’ A W
Conn A Pas Rivs 1st g 4s. 194.1
Registered
Ill
Sale
Jii
BONDS
Sc
Regis $5,000 each... 1943 M-N
Ind B1 A W
Registered
lOSVn
126 4
Registered
1990
Spr A Col Dir 1st g 4s..1940
WWVal Dlv 1stg4s... 1940
0 1 St L A C consol 6s. .1920
1st gold 4s
/cl 930
Registered
kl 93*3
Cm S A Cl con 1st g 6s. .1928
C C C A 1 consol 7«
1914
Consol sink fund 7s.... 1914
General consol gold 6s. 1934
Guaranteed
Rio Gr West 1st g 4s
Last
Ask Lo\a
109
M.v
Clearfield A Mali See B R A P
Clev Cm C A St L gen g 4s 1993
Cairo Dir 1st gold 4s.... 1935
Cin W A M DlV 1st g 4s. 1991
St L Dlv let col tr g 4s.. I99u
Registered
1st ref gu g 3 4s
Weetfs
Bange or
I
_
Coupon oft
Registered
Rnee
h'ridav
June 7
Sid
T
Chic A West Ind gen g Us <71932
Consol 60-year 4s
1952
Clue A WMicu see Pere Marq
Choc U A Gull See C R t A P
Gift 11 A D 2d gold 4 **■...1937
Cin DAI 1st gu g 5s...1941
(J Find A Ft \V ) nt g n 4h tr.’-:3
Cm 1 A W 1st iru p 4s. 1953
Ind Dec A W 1st g 5s...1935
1st guar gold 5s
1935
CUtLAO see C C C A St 1
Cin S A U See C C C St L
No
[VOL. LXXXIV .
New York Bond Record—Continued—Page 2
1354
118
9Ha4 loo
1104
1164H94
100*8 1034
100
106 4
1004108
1164
1004 May’07
104
4May’07
1024 1014 May’07
100
994 101
May’07
1044
110
May’05
1014 Feb’07
100
....
100
1014102
J’lj M Due Aeg 0Dae Oct gDoe Dec jOctiem
June 8
New York Bond Record-'Continued—Page
1907.]
«•
iSOM>S
c
N. Y. STOCK EXCHANGE
Wkkk Knuinu .June 7
Louisv & Nashv gen g
Gold 5b
Unified gold 4s...=.
6s. 1930
1037
1940
1940
1910
1931
Registered
gold6a
Bi»iK cuud
Coll trust
gold 5s
6-20-yr col tr deed g 4*.1923
E H & Nash 1st g Be....1911*
L Cin & Lex gold 448. ..1931
N O A M 1st gold da....193l>
NO* .M 2d gold 6«
1930
Pensacola Div
J-D
M-N
J-J
J-J
A-O
M-N
A-0
J -D
M-N
J-J
J-J
goldds... 1920
St ii*iv 1st gold Ob
1921
2d gold 3a
1080
Atl Knox A Nor 1st g58l94t‘>
Hender Edge 1st 8 f g 0s. 1931
Kentucky Cent gold 48.. 1987
LAN & MAM let g44* 1045
L& N-South M joint 48.1952
N Fla A S 1st gu g 5a... 1937
N& U Edge gen gu g 4 4h 104 5
Pens A Atl 1st gu g 08..1921
.S «L N Ala con gu g 5s.. 1930
L dfcJett Edge Co gug4«.. 1945
LNA&Ch
1124
,
„
^
Sale
„
„
.
„
„
„
Since
January 2
Hign A o
„
.
1014J’ly’06
107
Dec’05
105 41004 100 4 May’07
M-S
M-S
M-S
J-D
M-8
J-J
M-S
J-J
F-A
J-J
F-A
F-A
M-S
111 4
103
......
m
m
t
....
#>t..
mm.
no
109
Mar’05
1254
122 4
1074
117
May’07
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724 Feb’O.
110
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72
874
Apr’07
113 4 Mar’ll 7
...
.
121
1257@
....
.....
an
199(>
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Metropol El 1st g 0s
1908
Melv’plA B V Sec N Y Cent
A-O
A-O
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....
.
.
97
95
o
80
92
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....
....
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May’OO
103^
77 4
•
19
i. 5
79
21
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1919
Equip A coll gold 5b
97 4
May’07
Apr’05
1034
103 4
77 4
784
20
14
20 4
15
10
30
34
c
A-O
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J-J
J-D
80
M-S
F-A
4s..el930
4s
1931
Tj
5s..1947
bS
.
.....
95
120 4
80
14
21
130
105
118 4
118
ilia
....
5*2
15
17
97
99
9438
98*4
88
h034
....
4
...
.
4 110 4
94
102
81
83
82
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105
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8b 4
1044 1044
96 4 95 4
1004 111 4
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2 102
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....
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113 na 120
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.
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....
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id'*
idi
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1 109 4 1 14
109 4 110 4
80
884
85
92 4
.j
....
....
4 Mar’O?
84 4
85
9*i
May’* *7
10/ 4 Apr’Un
98
Dec’00
123 4 May’07
..
.
....
......
1214124
....
10.34 1084 1084 May’i'7
92 4 Aug’OB
84 4
94
1084 108 4
....
K/iv’llA
nil
Southern
SeeN YC A li
Monougaiiolu Kir
Neel’. AO
Mont < ’(Mi!
sru p-t 1J 51 A M
Mot irati’.N i,u A T
See S P Co
Morris A Essex See Del L A \V
Nash
Chat Agold
St L5s1st 7s. 1913
let consol
1928
Jasper Branch 1st g Be..1923
McM M W A Al 1st Os..1917
TAP Branch 1st Bs
1917
Nash Flor A Shot see L A N
Nat of Mex prior lien 4k*s. 1920
1st consol 4s
1951
New HAD See N Y X H A li
N J J uuc RR See N Y Cent
New A Cin Bilge See Lou A N
NOAN E prior lieu g 0s j»1915
N V Bkin A Man Bek See L (
N Y Cent A K Riv g 3*28.1997
Registered..
Deben g 4s
Lnko Shore eollg
Regietered....'
1997
1934
3Has... 1998
1998
Mich Cent coll g 34s
Registered
2d gu gold 5s
Beer li Or E x t 1 st
1998
1998
Registered
Beech Creek 1st gu g
s:
3:?
J-J
A-O
J-J
J-J
117 May’07
11134 May’t'7
110 4 May’07
117 4 Mar’05
113
J’ly’04
117
111*4
1 W78
J-J
J-J
A-O
83
110, 1173*
1114 110
11041104
....
102 4 Jan ’07
83
83
i
1024 1024
82
874
A-O
J-J
J-J
M-N
F-A
F-A
F-A
F-A
4s.1930 J-J
15*30 J-J
1930 SI-J
75
......
5
12
•
•
•
•
......
....
90
92 4
93
82 4
94°8
93
81*4
87
J-J
J-J
5'i*
88 4
874
84\ 844
102
1024
83
F-A
A-O
A-O
A-O
J-J
J-D
J-J
M-N
4-f
a2047 O-F
1990 J-D
Pam-Dul Div g 4s
St
Dui Short L 1st gu 6s..191B
C it A
coll tr 4s £«eGtNor
st 1* it N P gen gBs.... 1923
Resist<■ red cer tlAc’s.. 1923
St Paul A Dul 1st 5s
1931
1917
2d 5s
1st consol gold 4s
1908
Wash Cent 1st g4s
1948
Tor
Xoi Pse
Co 1st g 0s.. 1933
Nor Ry Cal See So Pac
See C St P M A O
Nor \Via
Nor A Mont See N Y Cent
In caw See C C C A St L
riiio Rlv RR See halt A U
See So Pac Co
Ore A * ;ai
Ore it li A Nav See Un Pac
Ore Short Line See Un Pac
M-S
F-A
Q-F
F-A
A-O
J-I)
Coni and irou
Col F A i Co gen s f g 6s..1943
Convertible deb g 5s....1911
94
Col Fuel Co gen gold 6s.1919
Gr Riv Coal A C lstgOslUli*
Cleart Bit Coal 1st s 1 4H...1940
91
May’07
87
Apr’l*7
107 4 Oct ’04
95
loo'
92
103
100
92 4
56 4
Apr’02
68 4 187
91
87
1004
87
"
03"
56 4
70*4
107*b Dec’04
107
May’ 9 7
105 4 Dec’00
Oct ’OO
105
Feb’07
78
92
934 ’.*l-8
104
May’07
106 4 100
May’07
102
Deo’03
100
Feb’07
92*4
924
93 4 Feb *07
Friday; latest bid and asked. aDueJan
....
illi 4
....
14*
1
....
’U5
May’07
May’07
94
94
122
ill
95
95
91*4
94 4.
927„
94
99 4
904
94
....
...
Jan 'DO
....
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*98*’
92
Aug’00
914
92
92 4 Mar'll
92 4
5*2*V
90
9t34
Sal**
9*) 4
9*24 934
904 Sale
*49
....
17
192
914
89-j
115
125 4 lilar'OO
li)3
120
11 iS
112
102
112
107 4 Nov’OO
139
Jan’03
'
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104
Dec ’(J0
118 4 J’ly’00
119
J’ne’OO
..
10034 Jan ’07
100 4 Nov’OO
94 4 Dec’OO
92 4 May’07
yi4
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....
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....
....
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101
1 o2 4
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Mai’*)7
1034
104
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1024
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124
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90
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100 4
104
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......
90
92 4
914
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102 4
5 1014
7 1004
103 4
102 4
105
103 4
....
1014
95
101 4 J ue’Oi Ir*-*
93
104
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120 4 May’ll?
120 4
128 4
128
953* Sale
......
1304 l'eb’U!
1274 Oct ’00
95 4
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100
..
88
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87
89
......
99
1004101
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....
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100 4
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70
.May’OV
71
.....
.
....
91
4
89
May’07
loU 4 ben’05
5*0
90
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loo
....
....
99
122*4 123 4 1224
......
.
132
113
100 4
98 4
.
109-4
luo 4
122 h
J’ly ’99
10
....
Mar’OO
.
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.
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May’OO
113-4 Mu> ’07
J-D
1024
1024
A-O
M-N
100 4103
103
103
1224
......
.....
...
100 4 1034
May’07
93
120
......
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....
...
......
113-4 1134
Oi
Oswego a Rome See NYC
O C F A st P See C A N W
>ac Coast Oo 1st g 6s....l94G
ac of .Missouri
See Mo Pac
Panama 1st s fund g 44s..1917
Penn RR 1st real est g 4s. 1923
Consol gold 5s
1919
M-S
gold 4s
1943 M-N
Convertible g 3 4s
1912 MN
Convertible g 3 4s
1915 J-D
Alleg Val gen gu g 43... 1942 M-S
Consol
D14RRA Bgelstgu4sg.’3B
PhiiaBai A W 1st g 4s.. 1943
Sod Bay A So 1st g 5s...1924
Sun A Lewis 1st g 4s...1930
U N .1 RR A Can gen 4». 1944
Penn Co—G uar 1st g 4 4s. 1921
1921
F-A
M-N
J - J
J-J
M-S
J-j
J-J
Guar 3 4s coll trust reg. 1937
Guar3 4scoll tr ser B... 15)41
Tr Co certif’s gu g 348.1910
Gu 34s tr ctfs C
1942
G 34s tr ctfs 1)
D*44
Guar 15-25 y arg4s
1931
Cl A Mar 1st gu g 4 4s..1935
Cl A P gen gu g 4 4s ser A .’42
Series B
Series C 3 4s
.
M-S
F-A
M-N
J -D
J-D
A-O
974
1U7 4 Uct ’0>
102
Jau’<)3
1024109
103
103
103
lot
May’07
May’07
1114 Sep ’O-i
loo
Aua’o;
99
03‘i
93
93 4 93 4
89 4
90 4 Sale
9U
104 4 Oct ’05
97
102
I
1024
^
'ft
t’24
100*4
904
88 4
95
[--•
r...
ii
i 10 4 Sep"*-'
•tr.
IDG L 10 105 1**7
1057tj 1004 100’a
1054 1054
1064 F'ol»’07
9U 4 J’ne’Oo
i
83
84
84
May’*)',
84
93 4 90
93 4 May’07
5)4
...
...
80
82 4
Oct ’0*
90 4 Mai ’DO
97 4 Jan ’07
Jan’03
82 4
i—
....
97 4
97 4
111)
M-N
J-J
1074...... 1034 Aug’03
M-N
984 Dec’O..
90. Jail 04
.....
RONDS—Continued on Next Page
102-4 Apr’00
58 4 Sale
1104 HI
100 4 OCt
934
94 4
......
F-A
.HiStTlil 1NKOU8
N nv'i)'.
89
Ill
O-M
3 4-s b 1 ‘.*51 A-O
Col IndulstA coll 5s gu..ll*34
Contin’taiC lstsf gu5sg.l952
Jen A Clear C A I 1st g 6s.1920
Kan AH C A C 1st s f g5s.l»51
Pleaw Val Coal lstgsf 5s. 1928
Sunday Crcex Co g 6s
1944
Tenn Coai gen 5s
1951
l enu Div 1st g 0s
al917
Bum Div IstconBol Bs..l917
Cali C M Co 1st gu g 08.1922
]>e BarC A ICo gu g 6s.1910
Valron Coat A Co 1st g 5s. 1949 M-S
Victor Fuel l«t»s t 6a
1953 J - J
j
1997 Q-J
a2047
General lien gold3s
Resist., red
....
j.p
A-O
A-O
North Illinois See Chi A X W
North Ohio See L Erie A W
Nor Pac—Prior lien g4s..195*7 y
Registered
....
May’y?
11334 Jan ’02
......
M-S
Wl-N
Imyrovem’t A ext gBs.. 1934
New River 1st gBs
1932
N A W Ry 1st con g 4S.199B
Registered
199B
Div’l 1st 1A gen g4s..,1944
L’ooah <* A C Joint 4s..1941
CCA T 1 st gu g 5s
1922
Scio V A X E 1st gu g 4s 1989
Registered
92 4
92
93
May U7
5)4
93 4 94 4 93
82 4
82 4
82 4 Sale
83 4 Apr’n7
81 4 May’07
82
8 434 .Jan ’f 7
102
Feb’**7
101 *8 102
102
Mar’O 4
92 4 Sale
M-S
M-S
May’07
137
Ill
.
....
1014 Dec ’00
1104
mw
1104
X Y A Put See S Y C A H
X Y A R B See Long Island
X Y 8 A W See Erie
X Y Tex A M See 8o Pac Co
Nor A South 1st g 6s
1941 M-N
Norf A West gen g Bs
1931 M-N
87
....
97
X Y A Greenw Lake See Erie
X Y A liar See X Y C A Hun
X Y Lack A W
See D L A W
N Y L E A W
See Erie
X Y A lxmg lir See Cent of X J
New York New 11 av A Hart—
Housatomc R con g os..1937 M-N
N ii A Derby con cy 5s. 19is M-N
X Y A North See N Y C A
X Y O A W ref 1st g 4a..01992 M-S
Regis $5,000 only
<71992 M-S
....
...
•
A O
J -r>
A-O
F-A
M-N
J-J
J-J
J-J
gu...2301
2301
*97 4 **97 4
"”d *9*7*4 Mar’O?
105
net ’02
101 4 J’ly’Ob
1940
194** J-J
1937
Hig\
Low
....
1931
195 i
1952
Bat C A Stur 1st gug 3s. 1989
N Y Chic A St L 1st g4s 1937
Since
January 1
High No
as A. Low
094
J-J
A-O
J-J
J-J
J- j
Re; nstered
J L A I > 1st g 3 43
1st g 3 4s
273<>
Range
S*s
103*4
Malion C’l RR 1st 5s.. 1934
Pitts A L Erie 2d g 5s.a)U2H
Pitts McK A Y 1st gu Bs.1932
2d guards
1934
McKees A B V 1st g 6s 1918
Mich Cent 1st consol 08.1909
1931
5s
4s
....
122
Dec’On
84 4 Mav’oT
a. j
1938
See
100<V
77
19 4
130
106
109
J-J
M-N
8t L A Cairo coR g
Guaranteed
Last Sale
Registered
......
MAO coll 4s
Moliawk A Mai
June 7
Registered
West Shore 1st 4s
......
g
Range or
-
3 loo 4103 4
......
Geqera* gold 4s
Montpom Div 1st
Ji-t <iav
25-year g 4s
1931 M-N
J J
Ka A A G R lstgu c 5s.'
904 J’ly ’Ul
Mexlnternat 1st oon g 4s.1977 M-S
105
May’OO
MexNortn 1st gold 0s....1910 J -D
Miou Cemt see N Y Cent,
MidofNJ See Erie
Mil L S A W See Chic A N W
Mil A North See Cii M A St i'
ISO
M:uV7
Minn A St 1j 1st gold 7s..102 .' J-D *1224
Iowa Ex 1st gold 7a
1909 J-D
ilS
Jan’O.
Pacific Ex 1st gold Oh...15*21
113 4 Mar’0.5
South ’Vest Ex Istg7s.l0lo J -D
May’07
1 * ** 4 108
1st consol goidos
1931 M-N
84
90
934 Feb’O?
1st ana refund gold 4s..1949 M-S
97
90
Apr’00
Dos M A Ft L> let gu 4s...’35 J-J
MinnAStLga See B C R A N
96
07 4
Apr’07
J-J
M st.A1 A S 8 M con g 4 Int gu ’38
Nov’Oi
103
M S S M A A 1st g 4 int gu 192B J - J
Minn Un See St P M AM
495
9
95
Sale
Mo Kan A Tex 1st g 4s...1990 J-D
S3 4
83 •>,
83j4 8alb
F-A
2d gold 4s
0i99U M-N
May’07
102 4 1**3 4 102
1st ext gold 5b
1944
81
Mai’o7
83 4
lit A refund 4b
20**4 M-S
85
8i>
e5
Sale
Gen a X 44s
lv»3B J-J
May’07
84
St L Div 1st ref g 4s....2001 A-O
1044 Jan *07
Dal A Wa 1st gu g 6s... 1940 M-N
95 4 Apr’O?
90
Kan C A Pac let g 4s...1990 F-A
106
May’07
107
MaK A E 1st gu g 5s...1942 A-O
104 4 M ay'()7
M K A Ok 1st gu 5s
1942 M-N 103 105
103
1*3
104
M K A T ol T 1st gu g 5s. 1942 MS
104
Mai’oT
1014
8her8h A So 1st ini g 5s. 1943. J -D
103
4
May 0.7
104 4
Tex A Oliia 1st gu g 5s... 1943 MS
1DD. 1 1 5*a Aiuv’07
If o Pacific 1st con a Oh ...1920 M-N
1014
j02
100
4
1014
Trust gold 5k slumped.al917 M-S *
1014 107 4 Feb’*)i
Registered
al9l7 M-S
102 4
102 4 102
1stooU goidos
1920 F-A 1014
87 4..
ho4 Apr’O?
40-year goiu loan 4b
li*45 M-S
5)7
4 May'07
954 974
3d 7a extd at 4%
1938 M-N
92
Mayh'7
92
Cent Br Ry int gu g 4s. 1919 l5 -A
92
92
Apr’O?
J-D
Oen Branch U P l8tg4«.194s
Mat’05
Ill)
Leroy A C V A LlstgOs 1920 J. j iol3a 10134 lol-Si Mm>’07
Pac R of Mo 1st ex g 4s. 193s E-A
1164 Mar’O?
2d extended gold 5s...1938 J-J
Ill*
1104
li(»4 111
St L Ir M A Seen con g 5s 1931 A-O
Gen oon stamp gtdg 5s 1931
Httifiod A ref gold 4s.. 1929
RiV A G I)iv 1st g 4s.. 1 933
Verdi V i A W 1st g 5«. 11*20
Mob J A K C 1st cons g 5s. 1953
Mob A Olno new gold 0s.. 1927
1st extension gold Bs../il927
s- w
M-S
112
112
109 4111
....
N. Y. STOCK EXCHANGE
Wkrk Eniiino June 7
OgALCham 1st gu 4s gl91*
Rut-Canad 1st gug4s. 1945'
8t Law A Adir 1st g os. 195*0 J-J
2d go hi Bs
1990 A-O
Utica A Blk Riv gug 4a. 1922 J-J
Lake Shore gold 3 4s
1997 J-D
Registered
1997 J-D
....
98
104
07
MexCaut oonaol gold 4s.. 1911 J J
1st consol income g 3s.al930 J’iy
2d consul income g'3s..al039 J’ly
.
Wees’*
Registered....
Merroj toil Ian El See Man Ry
No pnee
„
.
6'««CI(SjL
See LS4MS
Malion
hatCoal
tan Rycon6ol4s.l990
*
.
120
117
72 4 724
....
Pnee
Nor A Mont lstgu g 6s.1910
Pine Croek reg guar 0s. 1932
R \V A Ocon 1st ext 6s. A1922
Oswe A R 2d gu g 6s...<)1915
R WAOTRlst gug 68.1918
Rutland Istcon g 44s.. 15*41
....
Jan ’u7
112
111
97
110
112
98
113 4
J’ly’OB
108
874
4 109
....
1084 Jan ’00
U5
95
95
1U14
100
95
...
h-2
Cart A Ad 1st gu g 4s... 1981 J-D
Gout A Oswe lstgug 5s 1942 J-D
Moh A Mai 1st gu g 4s..15*91 M-S
F-A
M-N
NY4 North 1st g 5s... 11*27 A-O
X V tfe Pu 1st con ru g4s 1993 A-O
117
1173,
"Q
BONDS
Rid
Hxqti
......
«...
95
Mav'07
113 4 May’07
93
Loto
115
108
47
97
117
May 07
i(*9
Mai”U7
993«
loO
no
100
Range
Range or
Last Salt
Ask Low
bia
5'c
WfV*
jhrtee
ftidav
June 7
78
784
914
95
10H4
103
104 4 1064
Telegraph and Telephone
Telep A Tel coll tr 4s 19.23
Comm Cable Co 1st g 4s..2397
15*1 *
Met T A T let k f g 5s
Mich. State Telep. 1st 5s. 1924
X Y A -\ J Ttu gen g 6s.. 1920
West Union col tr cur 5s. 193^
Fd and real est g 4 4s...1950
Mut UuTel s fund 0s...1911
Northw Tel gu l 4 4s g..l934
90
5*8
93 4
93 4
".!!!! iodq
90
102
5 9 4
90
104
103
May'07
May 07
Apr’o'.
J ly ’0»
804
5 0
IU4"
1**4
5)8
98
*
'lio'-j lo3*‘
10034
5*5
104
104
.Uanaiacturing A imiuHiriu.
Am Cot Oil ext 4 4s
Am Hi«le A L 1st s 1 g
Aiuer Ice Secur
Am
iud" ii)d‘
8G4 May’07
90 4 J'ne’OO
1U4
Feb’O'.
Feb'01
io:34 97
105 Si J’ly ’o3
Am
Am
»leh gBs.. 1925
Spirits Mtg 1st
Am Thread
5 Due neb cDueaiar UDaeAyr
gBs..1915
1st col tr 4s... 15*19
Tobacco
4s
1915
Bs.. 11*15'
40-yr g Bs
1944
1951
88 5
87 4 Sale
84
99 h
S3 4 90
1054 8a I e
73
Hale
ADue J’ly ADue Aug o Due Oct
87 4
87 41
87
881
85
May’07
95* U May’07
89 4
89 41
1**5 4
105
714
73
pDueNotr q Due Deo
OU
4
PD
10*1 *4 ] I Oa4
7is 7i»4
»OptxonSttl«
Ht
New York Bond Record—Concluded— Page 4
1356
«C
P.O.ND.-i
Price
N. Y. HTOUK UXCHANQE
Week Ending June 7
lo S.
Penn Co—(Continued/
T..I
J
j
,
—
j
Series B guar
-
>
June 7
Last Bale
......
,
J
•
J
M
-
U
or
acji: January 1
Low
02
119
\f-N
1*07*;
Morgan’s Da A T 1st 7s.1918
92
......
.
J.D
-
_
AO
....
1st guar p
Feb ’07
116
104 4
123 4 Jan ’05
.
...
.
...
.
.
.
9b
91
.
..
Mar’07
.
1004
yi
..
1*16
115
...
4
109
rvi-K
A-U
Phil B A W
Bee Penn Bli
Pitts Uleveifc Toi
Pitts Ft W «fc Ch
Apr’U2
110*4 May’o7
100*4 Apr’07
1064 bep’06
....
115 4 Mai’06
....
*•••••
......
S ec B tfc O
120
98
Pitts A West
110*4 116
100*4 100*4
P-A
J.D
Pitta on <te bt D
Mar’06
g«
hi.
107
96*8
97
95*4 May’07
967b Sale
J-J
J 'J
Jersey Cent coll g4s...iy5.
Rensselaer <fc bur See 1) A li
Hick <& Dan See South Ry
Rich A Meek See Southern
95
A 0
934 May’07
94*4
98*4
05*,.
0^3,
92*4
...»
96 4
Bio Gr West See Den & Rio Gi
Rocli A Pitta See B K <fc P
Koine Wat A; Og See N Y Con
Rutland Sees IT Cent
ag Tus <fc H
See Pere Marq
Ui Jo A Gr Isl 1st g 4a...1947
8t D A Cairo See Mob A Oh
Bt L A Iron Mount See A1 P
BtLKU&N See Wabash
Bt L M Br See T Kit A of St
8tjLoula& Sau Frauoiaco—
O
90
j-j
90
924
A 1st
123 4 Apr’07
109
109
91
Feb'07
109
98
May’07
79*4
79*4
79*4 Sale
97
99
1104
91
93
O.ii
60
774
82 4
May’07
1164119
784 82*4
....
5
97
....
974
B*c Illinois Cent
M-N
1
-
•73
Regis tered
Nor Dlv 1st
1937
Os..'
gold 4a....
103
180
J" J
M-N
J-1)
J -1)
A-O
97
99
99
30 4
794
95
83
8
78
79
103
131
....
1
iio
2 1004 1004
100*8
124
May’05
130
Apr’07
136 4 May’06
115 4 May’07
115 4 Dec’06
137
1084
84 4 Sal6
834
844
105 4 1064 Feb’07
110
714
96*b
965b
97 4
...
16
130
1314
112
1154
81
106
87
39
1
714
96\
Jau’O,
96 4 Mar’06
107 4 Aug’oG
......
88
10*9*4
106
119
LUG
109
Mar’06
Mar’07
Mar'u7
89
1074
106
106
94
82 4
95
85
84
93
Sale
99
82
*2
......
......
Iu6
Sale
110
102
100
105
.....
93
31
944
Jaai’o,
4
82 4
98 4 Feb’UT
103 4 Apr’07
1U6
lu6
106 4 J’ly ’06
Sale
85
90
3-1
88
93
10d*8
99
99
82 4 86
98 4 98 4
103
105 4
iu5 4 1064
i
>
1074 Feb ’05
104
Aug’06
111 4 May’O',
11 Is* Jan ’07
93
924
111*4
.
37
7
8
874
io
116
Dec '06
109 4 Feb’06
1*09 4
1114
111
92
112
J-J
Cent la ather 20-year g os.192;>
Consol Tobacco5U-yr g 4s.1951
Distil bee Cor conv 1st g 5s.’27
Int Paper Co 1st con g 6s.1918
Consol conr at g 5s
1935
Int bt Pump 10-yr cony. 6s ’13
Kmcker Ice (Clue) 1st gos.T'.t
Dackaw bteel 1st g ;»s....l923
N at Starch M fg Co 1st g 6s 1920
Nat Starch Co s i deb os..1925
A-O
F-A
A-O
F-A
J-J
J-J
A-O
A-O
M-N
J-J
RepublifeS 1st ifc coltros. 1934
A-O
if & Death Co s t deb g6s..1913 M-N
U b Realty tfc 1 convdeb g5s ’24 J-J
U b Steel Corp— ( coup .d!9G3 M-N
Sf 10-60-yr 5a. ( reg ..<11963 M-N
Va-CUr Cliem col ir os a.. 1912 A-O
W«Htiughouso E A M s t 6s ’31 J-J
No price
93
bale
96
92 7a
Aug’06
71*4
81*s
71*4
91
81 4
824
Jo 5
105 4 105
105
88*4 88
May’07
99
100
May’07
97 4 Get ’05
98*4
8J
91
104
80
95
9S*4
83
70
70
97 4 96
Sale
1034
bale
794
96
4 bale
......
.
„
*
......
9 V
93 4
Friday; latest bid and asked this
98*4
May’u7
Apr’07
97
93
120
1
02
1
i 714
!
79
80
90
1034108 4
917e
6
82
70
95
13
80
b
iveek.
93
a
102
F-A
J-J
J-J
M-N
1939 F-A
1939 J-J
L12
08
112
101
1034 1034
1044 1048b
107
107
1116
116
;1U34 104
105 4 1074 Feb V
104
bep ’<K;
89 s* Sale
-.'04 104
895s
lo7 4
30
1U6*4 bide 1U0
114
Nov’06
89
86
May’O?
113 4 Muy’b'/
89
Sale
89
S;<
110 4
Jan ’06
113
J’ue’Oii
96
914 92
J’ne’Gu
92
jl074 1074
"S9«b *05*"
107
112 ‘-j
111
1111
1124 1133b
62
Feb’oT
111
112 4 May’07
L15 4 Mayo,
110'v Mar’O?
J all ’u7
08
lLG**
1174 Apr’u?
......
1154
ill
117 4
103
05
S3;jl 15
117*4
...1104114
...| 6S
694
il 17 4 U94
lie
118*4
(Jet ’05
96
1124 May’07
103
May’07
101
113*4
88
94
113 4116
89
94 4
...
1174 May’07
115** Apr’06
1*124
LOG
1114113
Feb’05
Mar’u7
Oct ’06
98
106
1 12
103
1U3
106
106 4
1084 Dee’Oo
113
Dec’05
107 4 May’07
107
May’ll
88
108 4
964 Jau '07
108 4 May’07
105
117
108
1064 HI
107
944
J’ly’OO
Jan’O,
L08
1084
1114H7
93 4 94
112
1124
02
Nov’06
Mar’06
110
106 4 aNot’04
111
Apr’07
111
May’04
162
May’u?
90
109
984....
9u
80
92
84
89 4
78
80 4
......
884
Dec’06
111
112 4
86
Apr’07
86 4 May’07
78 4 May’u?
95
Dec’Ue
110
Mar’U7
93
bep’06
101 u4 bale
1013b
100 4
LOi
97 4 96
1194120
119
111
113
1114
88
bole
88
1014
101
96
119 4
1114
89
103
LIU
106*4
1184
ill
111
9034
97
80
85
89
784
87 4
82
110
110
97
1
8
*9*9*4
1024
1014
•>*^
11734 126
98
96
10 111
21
88
87*4 Mar’07
*2 Feb’07
103 4
112
10041024
914 May'07
....
904
108 4 1094
1114 May’07
037p 93 4 Juu ’07
1084
110
994
114
103
944
87*4
1034
106
1114
87*4
J’ne’06
J -J
1027b Fob’06
97
110
108 4
98
bep ’06
110
108
May’07
108 4
1014 1013b
1074 114
1013*
99
1014
Nov’06
95
69 4 May’O i
57
764
62 4
57 4 75
6
o2 4
Mai'u
102
101
102
93
Mar’06
62
61*4 bale
61
54
106
67 4
109
109 4 109
107
109
Apr’07
97
Nov’04
80
Peb’07
80 4
80
93
Dec’06
97*4
100 *4
1.00
1U0
102
May’0 7
71
694 70
694 80
23
20
23
20
324
62
M-S
J J
J-J
J - J
J-J
A-O
M-S
A-O
J-1)
J-D
102
*20**
74
75
54
106
744
74
54
75
54
May’07
106 4 Aug’O
i 14
115
114°a 115
90j4
11141154
9J
934
34
34
Apr *07
108
108
Dec’06
1114 Aug’05
83
*8*3*' **8*74
May’07
1024 Dec’05
85
85
Sale
68
904
90*4
34
Feb’07
1104 108
110
105
824
85 4
89
84
3
i*4
Due Jan
UO.\US-44nchi(ictl.
77
93 4
94 4
97
93
Adams Ex ool tr g4s
194S
Am bb Co oi W Va g 5s
1920
B’kl’n FerryCo 1st eons g 5s ’48
Chic Jc tfc St Yard col g 5s. 1915
DetM tfc M idgr incomes.. 1911
Int Meroan Marine 4 4s.. 1922
but Navigation 1st 8 f 5s.1922
Man Bell H ifc D gen g 4s.. 1940
83
Xewp Ne blup <fc D D5sal99U
N Y Dock 60-yr 1st g 4s..1951
70
97
Providence bee deb is
1957
Provident Doan Soc44s 1921
102*4 106 4
93°8 616
May’07
99
88
92
97 4 106
104
95*4
liigfk
Rio (4r Wpr
lMiacellaueous
! !)i
Apr’u?
947b
Apr’07
1
-
944
! '
I
Beth Steel 1st ext sf 6s.. 1926
Loiv
....
All8Ci!iUiAM)OU8
illniifitucturhut Ac Industrial
J-D
F-A
Warren Bee Dei Dac <fe West
Wash Cent Bee N or Pac
Wash 0 ifc W Bee Southern
West Maryland 1st g 4s... 1952 A-O
Gen ifc coiiv g 4s ..
1952 A-O
Sv V a Cen t <fc* 1’ IstgGs 1911 J J
West N Y ifc Pa 1st g os..1937 J-J
Geu goid 3-4s
1943 A-O
income 5s
<11943 Nov
West No Car
Bee booth Ry
Wheel's <fc D E 1st g 5s...1926 A-O
Wheel Div 1st gold 5s..1928 J-J
Exten & Imp gold 5s...1930 F’-A
RR 1st consol 4s
1949 Al-S
20-year equip s f 5s ...1922 J-J
Wilkes A East Bee Erie
Wii A Sioux F Bee bt P M tfc M
Wis Cent 60-yt 1st geu 4s. 194 J-J
*
87 4 Sale
J-D
J-D
4s ...1947
1947 J-J
2d goid 5s
Debenture series A
Certificates of deposit
Series B
*...1939
Certificates of deposit....
1st lien equip s fd g 5s..1921
1st lieu 50 yr g term 4s. 1954
1st ref and ext g 4s ....1956
Det ifc Cii Ext 1st g 5s. .1941
Des Moin Div 1st g 4s..1939
Om Div 1st g 3 4s
1941
Toi <fc Ch Div 1st g 4s... 1941
bt Chas Bridge 1st g 6s. 1908
Wab Pitts Term 1st g 4s. 195 4
824
106
Jan’05
1952
YV
mm
^
A-O
A-O
J-J
\J andalia cousol g 4s ....1955
V era Cruz ifcPlst. gu 4 481934
Ver Vai lud «fc W Bee Mo P
Virginia Mid Atee South Rv
Va ifc Southw’t 1st gu 5s.2003
\ 17 abash 1st gold 6s
1939
9641004
88
’
j. j
A-O
J-D
A-O
J-J
J-J
Ao
Utah ifc North Bee Un Pacific
Utica ifc Black R Bee N Y Cent
4108*4
714
Bee
it *2'
J-J
F-A
J-J
J-D
J-D
Registered
1929
Utah <fe Nor 1st 7s
1908 J -J
Goid 5s
1926 J-J
Uni N J RR <fc O Co Bee Pa RR
Uct ’05
71 4 Sale
1945 J-J
5her 6hr tfc So Sec M K A T
Sil bp oca tfc G Sec All Coast L
8oCar<fcGu See Southern
Southern Pacific Co—
Gold 4s (Cent Puc coll), kl 949 J-D
Registered
k 191 J -I)
Cent Pac 1st ref gu g 4s 194 F-A
Registered
1949 F-A
Mort guar gold 3 4s.. AT 92 9 J -1)
Through bt D 1st gu 4s ’54 A-O
Gai liar <fe b A 1st. gOs..1910 F-A
Mex <fe Par J st g 5s
1931 iVl-N
Gila V G A S 1 st gu g 5s. 1924 M-N
llous L A \V T 1st g 5s.1933 M-N
1st guar 5s red
1933 71-N
H <fe T C 1st g 5s int gu..1937 J-J
Consol g 6s uit guar...1912 A-O
Gen gold 4s int guar.. 1921 A-O
Waco A A \V div 1 st g 6s ’3u M-N
AAA \V 1st gu e 5h
1941 J-J
*
Registered
L0678 107 4
97 4 1004
100*8
A-O
F-A
H iu/i
Sep ’06
Xov’OU
Feb’o
Alar’ 0 7
107
Apr’07
114 4 Dec’04
116 4 116
May’O 7
104
Mar’07
■
.(72000
Ore Ry ifc Nav con g 4s. 1946
Ore bliort Dine IstgGs..1922
1st cousol g 5s...T
1946
Guar reiund 4s
1929
131
2
gold inn 6s
Ilster&DellstoongSs 1928
105*8
99
1004 Oct ’06
1894-1944
1st refund g 48
Un Pac RR A i gr g
1074108 4
...
44s..1939
U
*
....
gold 5s
irtjih Central
J-J
J -J
_
1
10141014
...
Dec’06
107 «b
Apr’Oi
1074 Mur’d?
ibo4
J - J
J-J
J -J
os o
May’07
May’07
.
6
All
3a.
Isteou
SI
May’07
73*4
1014 Apr’07
10S
181
134
107
1164
4
1044
.
Ga <fe Ala lfy
82
78
107 4
j * j
.1937 J J
Registered
1937 J - J
1st guar goid 5s
1937 J-J
Will tfc S F 1st goid 5s..193 J-D
Bt P A Is’ or Pac sec X or Puc
St P A b’x City Sec C bt P M <fcO
B A & A Pass i st ga g 4s...
J-J
8 Fe Pres A Pli 1stg os...li» it' M-5
S F A N P 1st sink i g 5s.1911 j j
8av Fife West
See Atl Coast i
Scioto Vai A X E See Xor tfc W
Seaboard Air Line g 4s ...195«. a n
Coll tr refund g 5s
1911 M-N
M-S
J -J
Mont C 1st,
igiig
734
............
J-j
l Main let dlv 1st g
904
SO
T
J-D
Gray’s PtTerlstgug 5s 1947 J-D
Ht Paul A Dui See K or Pi
A-O
J-J
J-J
to
914
g
Da Div B L 1st g. 6s
1931
VV Min W <fc N W 1st gu 5s *30
To! <fc O C 1st g 5s
^...1935
Western Div 1st g 5s...1935
General goid 5s
1935
Kan ifc M 1st gu g 4s ...199U
Tol P <fc W 1st gold 4s....1917
Toi St D & W pr lien g 3 4s. 1925
50-year gold 4s
1950
Tor Ham A Bull 1st g 4s A1940
Nov’06
116 4
A -O
107
101
1912
1937
Gen refund s I g as
1953 J-J
St D M Bge Ter gu g 6s. 1930 A-O
Tex ifc N O
Bee bo Pao Co
Tex cfe Pac 1st gold 6s _20()0 J-D
12341254
...
1
1024 Aug’06
794
804
7 9 4 Sale
J -D
Wl-NA-O
.
con
Range
Since,
January 1
»
10414 Feb’07
E & F...1912 A-O
’|*er A of bt D 1st
.T .n
Reduced
90
....
-
jj
General gold 6s
1931 j. j
T
1
St L <fc S F KK cons g 4s
8outhw Div 1st g 5s..1947
Refunding g 4s
1951 j. j
at .Louis So
May’07
191
J
-
J’ly’97
See B&O
|> e&ding Co>
-
Lcr.v
127
116
112
102*1, i()l
104
J-J
.
100*4 Dec’05
no«a
1 938
1927 J-j
A-O
1stcon gnnrg5s
M-N!
S Pac of N'Mex 1st g 6s.. 1911 J-J
So Pac Coast 1 st gu 4s g. 1937 J-J
Tex&NObabDivlst gGs.1912 M-S
Cou gold 5s
1943 J -J
o Pac RK 1st ref 4s
1955 J-J
Southern—1st con g 5s
1994 J-J
Registered
-1994 J - J
Mob cfe Ohio finl 1 t,r g 4-h.. 193.3 M-S
Mem Div 1 st.
1996 J-J
g 4 4-5r
bt Douis div 1st g 4s....1951 J-J
Ala Cen R 1st g 6s
1918 J-J
All <fe Danv 1st g 4s.
1948 J-J
2d 4s
“
1948 j-J
Ya»t
Atiifc
1st g guar 48.1949 A-O
Col A GrTeenv 1st 6s
1916 J-J
E T Va <fe Ga Div g os..1930 J-J
Cou 1st goid 5s
1956 M-N
E Ten reor lien g os
1938 M-S
Ga Midland 1st 8s
1946 A-O
Ga Pac Ry 1st g Os
1922 J-J
Knox & Ohio 1st g 6s
1925 JJ
alouifc Bir prior nen g5» 1945 J-J
Mortgage gold 4s
1945 J-J
J -J
Deb 5s stamped
1927 A-O
Rich A Meek 1st g 4s... 1948 M-N
bo Car A Ga 1st g' 6s. ..,.1919 M-N
Virginia Mid ser C 6»...191t> M-S
Series D 4-5s
1921 M-S
Series E 5s
1926 M-S
General 6s
1936 M-N
Guar stamped
1936 M-N
WO&W 1st cy gu 4s..1924 F-A
West N C 1st coii g 6a..1914 j-j
S <fc N Ala Bee LAN
bpok Fails ifc Nor 1st g 6s. 1939 J-J
Bee (J C C i& St D
i
_
elOlO
fia
1st g 6s series
1st gold 6s
1084 10S4
109 4 109 4
....
........
......
......
115
.
S
or
Last Bale
As/.
1211
11 L
A-O
J-J
4 -O
J
Apr’04
91
-
No of (fail gmwgna..
OrfiifeCnl 1 ar. p-nnr g
10^4 May’07
L0iP4 Feb’07
112 4 J ‘ne’oo
100J4 Mar’07
.
Bid
Southern Pac Co—(Continued,
Pic/ft
<r
Range
LXXXIY.
bs r
Week's
J’riaati
June 7
Week Exdixg June 7
108
Sep’06
127 bb Oct ’02
119
J’uo’ob
107
.VI -Pi
107
A -G
•107
A-0
Price
■r.
N. Y. STOCK EXCHANGE
Since
^
O
Lov/
Mtuh Ao
92
Apr’07
9S *i Apr ’U4
A»k
......
F-A
'
Peo tfc East
Panqe
tr
HOM)>
Range
Friday
Bid
)
Week's
[VOL.
95
99
99 4
99
974
St JosepliBtk Yds 1st 4 4s.1930
bt D Ter CupplesStat’nifc Prop
|
M-S
M-N
F-A
J-J
A-O
A-O
F-A
M-N
J-J
F-A
M-N
M-S
J-J
Co 1st g 4 4s 5-20 year..1917 J-D
S Yuba Wat Co con g 6s..1923 J-J
So Vai Wat Works 1st 6s 1906 M-S
U S Red ifc Ref 1st s 1 g 6s.l931
99
994
994
994
100’4 J’no’02
Oct ’06
41
101
MayO/
70
Bep ’06
68 4
68 4
63 4
85
854 85
5U
Feb’02
984 103
11
......
-
101
90
88
101
......
07 4
85
47
i
.
92
88 4
......
90
6
May’07
w
70«»
85*4
.••••
90
95
87*4
884
99
1004 bep’05
-
b Due Feb
d Due Apr
< Dae May
fDueJ’ne
...
gr
94
h Due JTy
112
jTv'oj
1134 J'ly’OO
93 4 May’07
p
Due N<rv
--r-
.
— — T
—(—
~wrmr
r-rr
....
$
90“
Ontlos
*96^
AND LOWEST
STOCKS— HIGHEST
Saturday
Monday
Tuesday
June 3
June 1
June l
•813
22
•58
*84
28 4
9*
•27
85 4
29
30
*54
53*,
53 4 •62 4
130 4 130 4 *130
•
127
64
40
64
*34
23
62
‘JO
*214
28 4
98
30
*35
39
*1
*6
14
64
*1
*
6
•23V 29
28 4
*27
30
534
53
130
127
*73
130
127
75
105
39
'35
•37
40
39
109
-107
52
-50
109
52
*1304
127
♦
127
•
77
*
*40
6 4
139
38
•1
14
*1
*
6
14
64
54
54
53 4
53«
54
53
98
30
*
99
*35
40
•35
-37
38
38
•107
107 4 107 4
*50
•50
62
39
109
52
*107
*50
40
24
•63
65
*63
65
May *07
Last Sale 36
*22
24
*214 24
May 0 7
Last Sale 5S
83
85
85
•83
29
284 284 *28 4
*95
98
*96
99
May'07
Last Sale 2S
*58
'62
*854 86
62
86
10441044
105
40
64
*34
*
Do
85
*
65
-834
05
*.!!!..
‘>4
54
54
53
164
53
84 4
*
64
40
*58
*84 4
28 4
•95
•27
*73
•724
•
15 4
53
844
844
Railroads
Civic City liy
10O
131
155
154
100
Chic
&
Oak Park
•3 4
4
34
4
Do
100
pref
May’07
Last Sale 14
100
20
20
Chicago Subway
19 4 204
3 4
3 4 Clue Union Tract.... 100
34
34
Do
pref
17
100
174
16 4 16 4
Kans City liy
53
53
Lt. 100
54
*53
•125
Last
*103
Last
*37
*107
Last
Last
Apr’07
64
•137
140
'384 4 1
Do
3s
41
*120
122
•107
no
126 4 126
39
109
100
100 4
14
94
9 4
•24
25
'24
934
25 4
94
94
Last Sale
26
*24
26
1?8
14
17&
14
94
100
100
......
100
100
& Co
......
Mar’OH Cluoago Auditorium ....
May’07 Chic Brew’g«fc Mait’g
Do
6 4
pret
Chic Edison
100
140
Chic Pneumatic Tool. 100
40
Clue Telephone
100
123
Chic Title & Trust... 100
107
100
Diamond Match
4
127
lOo
May’07 Illinois Brick
160
100 4
162
100
*160
100
163
100
14
94
2
94
*14
178
94
•150
100
163
100
163
*
1054106
lu57b 106
1054 106
1054 106
164
165
100
100
Do
prel
Cal & Clue Canal & D100
Mar’07 Central Trust Bank.. 100
Last Sale 324
Last Sale 10
Last Sale 16'**i
Last Sale 4
60
100
58
11
49
386
......
loo
Do
pref
Masonic Temple
Mil A; Clue Brew'g
Do pret
Do
40
660
157 llu34 J’ue 4
126 70
Apr 18
6 107
Apr 9
100
100
pref
100
National Carbon
Do pref
100
Pasre Wd Wire Fence
So
£ V
June 7
Last
6s
Clue
Clue
Chic
Clue
1912 J-J
Doa.ru of Trade 4s ...1927 J-D
J-J
Consol Br <fc Mlt 6s
Consul True -14b
1939 J -D
Edison—
1 labour
1913
6s
.A 1921!
Chic Auditorium 1st 5s...1929
Chie Dock Co 1st 4s
...1929
Clue No shore Elec 63
1912
Chic A Mil Elec By os ....1919
1st
gold 5s
Clue Pneutu Tool—
1st 5s
Cine Hock 1 <fc Pac
<21921
Commonwealth Elect—
61943
Illinois Tunnel 5s
1928
Kans City By & Lt Co 6s. 1913
Kmckerb cker Ice 1st 5s.1928
5s
Lake Street El—
1st 5s
Income 5s
1st 4s
1938
F A
J-J
J-J
J-J
A-0
M-N
1911
1945
1916
4‘6Us iSeries E
4-80s Series F
People s Gas L & C 1st 6s.1943
lief uniting g 5s
1947
Chic Gas Lti&G I8t5s..l937
Consumers’ Gas 1st 5s.. 1936
Mutual Fuel Gas 1st 5s. 1947
South Side Elev 4 4s
1924
Swill & Co 1st g 5s
1914
1945
5s
1928
1st 5s
1909
Tunnel 1 st 5s_
....
West liiv City By 4
West’rn 8tone Co 5s
...1914
4s..1932
1909
Note.—Accrued interest mus
100 4
May’07
May’o?
103
Oi
Apr’(>4
May 07
100 4
101
101
loo
98
MS
.M-N
J -D
M-S
M-N
M-N
surplus,
t May 20, for
respectively.
High
100
106
lr...
Apr *04
102
101
May’07
96
90
96
99
Dec’06
96
4 Not ’06
92
^
88% Sale
84
tt_
88
884
81
00
May’O?
7.i
75
Aug’OG
Feb’07
Sep’
6
....
’06
99
99
101
99 7e
loo7® May’07
99
May’07
71
73
101
102
101
100
102=4
90
98 4
90
t be
95
70
75
71
May’07
90
May'o7
68 4 Sep ’05
72 4 Dec’06
73 ”
73
87
Deo’06
93 3t
....
36
...
.
.
88
80
90
85
20
Commercial National..
Continental National..
Cook Co State Savings
Corn Exchange Nat...
100,000
600,000
03.000,000
4,000,000
50,000
3,000,000
200,000
600.000
Ilrexel State
Dep National
Englewood State
Federal N atioual
Cliie ago bo
200,000
600,000
First National...
First Nat Englewood.Foreman Bros B’k’g Co
Fort Dearborn Nat
Hamilton National....
8,000.000
j 00,000
500,000
Hibernian B’k’g Ass’n
1,500,000
Kaspar State Bank....
200,000
300,000
250,000
2,000,000
Nation 9.1
.Mutual Bank
Nat Bank of Republic.
National City
National Live Stock...
North Ave State
North Side State Sav..
Oakland National
Prairie National
Railway Exchange....
South Chicago Savings
Security
stale Bank of Chicago.
Stock Vurds Savings
Union Bank of Chicago
75
75
Union Slock Yds State
Amer Trust A Savgs..
8
89 4 90
Central Trust Co of Hi
4
95
92
Chicago Sav Bk & Tr..
Citizens Trust & Sav..
97
97
Colonial Trust A Sav..
98
98
Drovers Trust & Sav..
First Trust A Saviuga
Harris Trust A Sav
102 4
100
Illinois Trust A Sav..
104 34
103
Kenwood Tr A Savings
102
101
Lake View Tr A Sav..
100 4 Merchants’ L’nATrCo
93
1,000,000
500,000
1,500,000
1,000,000
2 00,0 JO
60,000
100,000
250,000
C500.000
250,000
200.000
300,UOU
.
.
1,000,000
250,000
..
_
_
t
-
-
v
_
200,000
200.000
T
-
...
...
...
102 4
100
984 100
85
<>
70
75
90
78
964 Jan ’06
added to all
104 ADr 16
*2,000,000 $1,249,848
Bankors National
Calumet National
Chicago City
LTaine State
M-N
M-N
F-A
J-D
M-N
J-J
A-0
324 Jan 24
Stockt
.vt on roe
Dec’06
4
61^
....
89 4
Sale
90
93 4 93 4
93 4
1(H>4 -Mur’OB
97
Alar’07
98
May’07
99
77
....
903, May‘07
16
May’05
118
Nov’06
100
Apr’OJ
102 } May’07
101
Apr’07
103 4 Feb’06
98
May’07
97’4
100 L 101
....
...
97
98
99
324 Jan 24
Jan 22
nd
Al
Feo
Mai
Dee
Oot
Max
Mar
444 Feb
144 Mac
294 J’ne
74 J ’ly
14 4 Mar
3 4 J’ly
204 Nov
4=8 Oct
Companies
1905
In
1906
8
5
10
12
8
8
5
10
12
8
in
■
Drovers
90
90
93
oi
,.T.rT
HO
_T
bo
55
....
80 4 May’07
Nov’04
79
SO
91
101
Feb’06
87
a
1100
....
...
-
a
1014102
...
Noy’OO
Apr’oT
..
A-O
M-S
J-J
J -D
M-N
J-J
J-J
A-O
Low
964 Jan’06
etropolitan Tr A Sav
Northern Trust Co
Northwest Tr A Sav...
Peoples Trust A Sav ..
Pullman Trust A Sav.
Royal Trust Co
sto’ckm-u’s TrA Sav ..
Union Trust Co
Western Trust A Sav.
W Side Tr A Sav Bk..
Woodlawn Tr&Sav Bk
3,000,000
2,000,000
n
500,000
50,000
600,000
200,000
2,000,000
1,250,000
4,500 000
200,000
200,000
3,000,000
750,000
1,600,000
209,060
200,00tT
fc300,000
500,000
200,000
1,000,000
1,000,000
200,000
200,000
§34,932
§126,678
4,194,047
2,884,126
6
§7,355
12
1,565,591
6
38,783
8
344,077
§31,488
77,935 Began
12
7.056,676
§144,834
636,0 78
391,581
187,400
1,111,362
§97,7/8
§ 73,377
Record
Per
iod
6
12
6
Last Paid
%
Q-J Apr
J-J Dec
J-J Jan
Q-J Apr
Q-J Apr
Q-J Apr
O-J APr
3-J Apr
2
6
6
3
2
IVi
3
07, 1%
ess
10
Priv ate Ha uk
6
6
Q-J Apr
F-A Feb
10
8
Q-J Apr
....
....
•
’07,
’06,
’07,
’07,
’07,
’07,
’97,
Q-J Apr ’07, b
Q-J Apr ’07, IQ
Oct 16, 19UI
busin
12
Q-J Apr ’07, 3
10+10 Q-J Apr ’07,
8
3
*\V
52,006
Q-F
•• •
6
Q-j
6
1,178,604
361,939 Began busin ess
1,327,639 12+3 12+3 Q-J
§51,5*1 Began busin ess
6
6
Q-J
§4.472
6
Q-J
6
34,325
Feb
Jan
’07, 1%
’07,
2«t
’07, 2
’07, F*
’07, 4Hi
Apr ’07, 2
Feb 5, 1907
Apr
’07, 3
Dec
8, 1906
Apr
’07, 1^*
Apr ’07, 1 4
69,006
8
Q-J Apr ’0/, 2c
1138
55.933
14,586 Began busin ess July 3, 190$
Q-J Apr ’07,
4
§64,5 < 7
83,778 Orga nized Oct 12, 1906
8
s
Q-J Apr ’07, 2
1,068,513
§ 145,204 None
§38,345 Began May 1, 190 6.
6
Q-J Apr ’07, l^a
§50.025 None
8
8
Q-J Apr ’07, 2
2,516,839
7
Q-J Apr ’07,
5Vj
990.474
§n88,329
§ 7,893
10
Q-J Apr ’07, 2>a
536,7 91 6 + 5
6
6
Q-J Apr ’07, 1*5
75,206
939,658
Feb 4, 1907
ess
253,257 Began busin
11 May ’07, 1
7,922,842 12 + 4' 12+4
Jan
’07, I1*
§33,435
§24,965 Orga uized Nov 18, 1905.
12
12
Q-J Apr *07, 8
4,273,852
6
Q-J Apr '0 7, X^i
6
336,410
8
8
Q-J Apr ’07, 2
1,769,930
§35,906 Orga nized J’ly 28, 1906
§53,395
Apr ’07, 8
8
8
§256,602
8
6
Q-F Feb ’07, 2
§545,693
d
M
arcb. 1908
§6.239 Incor porate
....
....
....
....
-
•• •
....
•
....
....
....
....
....
....
§898,992
6
2.11,671
§20,922 Began
§24,832
,
M .
6+1
busin
6
....
....
...
......
....
....
Q-J Apr ’07, 1*5
5, 190$
aas
Q-J Apr ’07, 1%
price s.
Bid
andfrom
asked
wore
prices;anocashsales
$850,000,
drvldeiid
1.1907
$500,000, a and
stock$2,000,000
dividend ofadded
increased
to$2,000,000.
83*a
increased
from
which are of date Msroh 22 and March 28,
Q-F. H Includes special dividend of 80% paid Dec. IS, 1906. *
tins week. a Die Deo. 31. aDaaJune. c Capital inorea sed Jan.
part payment for new a took, h DoaJuiy. k Capital to be
therefor. n Capital and snrplns to be Increased. oCapital
National Banks, and May 21, !o7 for State institutions, except those designated (§),
H Dividends are paid Q-J, with, extra payments
made on tills day.
t No price Friday; latost price
of 30 per cent being declared and to bo taken as
p c. being declared in part paymeut
No.
'
4 -40s
Debent 6s
Mar’07
jlOO
1U1
A-0
El—
Ogden Gas 5s
Pearsons-Tal’t 5s
West Chic st
155
M-S
J -D
M-N
1938
North Chic St 1st 5s....-w.1909
J st 5s
1916
Refunding ir 4 4b
1931
No Chic City By 4 4s ...1927
Union Ei (Hoop)
99
(-1
LOO
\|.g
Extension g 4s
Nortn West’ll
1st 4s
101
J-J
J-J
Feb
High
Sep
2 4
14 May
21
J’ue 23
62
May 79 -j
86
1174 Jan 7 113 4 Jan 119
95
78
Jan
84 4 Jan 11
Dec 122 4
Jan 17 112
120
OuistanJr Surplus «f
ing
i'roftls\
NAME
/or year
1907
...
m
M-N
192S
1925
Sale
Ask Low
J-J
A-0
F-A
A-0
A-0
J -J
ltll 4s.2062
I?
Fob
48
..
.
„
Biscuit 6s
1910 F-A
Strawboard 1st 6s..1911 J-J
Cass Ave A F G (St L)—
Amer
Amer
Range
80
Mar 4
Jan 14
27
Dividend
HYiday
Bid
79 4 Feb
46 "May
11
23
May27
Mrahrp
Jan’07 Bingliam Con Mining 50
1
Nov >00; Biack Mountain
20
Mav'oT Dalv-West
&0
CHICAGO STOCK EXCH’GE
Week Ending June 7
46
Jan
2 4 Jan
884 J’ly 93 4 May
60
Jan 10
Aug 63 4 Deo
6 40
Apr 17 57
99
Sep
92 4 Nov
Jan 25
161 8'S34 Apr 17 95
119 4 Sep
562 101 4 Marl 5 113 4 Jan 16 1014 Jan
162
4
Jan
May
160 133
Apr 9 173 4 May 3 115
99 4 Dec 1064 Feb
175 98 4 Apr 9 1024 Jan 16
24 Jan
4 Dee
2 4 Apr 8
J an 2
1
1,052
17 4 Jan
5 4 Dec
2
Jan
124 Apr 8
6
1,650
42
Mas
28
Dec
30
Feb 14
24
People’s Gas L& C’kelOO
lioebuok com. 100
Do
pret
100
Swift A Co
100
The Quaker Oats Co. 100
16<>
Do pi of
100
100 4
Unit’d Box Bd A P ColOO
Do
prof
lOO
1034
100
May’05 Western Stone
Sears
Nov’UfVHubbard-Elliott
i
MavlS
2 4 Jan 23
Feb 5
25
73 4 Mayo 1
45
Chicago Banks and Trust
Week’s
Range or
isrige,
*.®
1624 Mario
119 4 Jan 24
4434 Feb 1
......
National Biscuit
Chicago Bond Record
BONDS
1
Jan 9
Jan 9
0
Mar21
129
J’ne 3
38
L15 4 J an 2
J’ne 114 Jan
6
74 Apr 11
61
60
J’ly 72 Jan
Apr 10
Nov
Feb 130
133
Feb21 115
130
Apr 24 128 4 Dec 136 Jan
81
Nov
Jan
54
80 4 Jan 14
Jan 112 Nov
Jan 7 iOl
109
31
4
Deo
17
Feb
40
Mai'28
40
Feb
36
Jan
39
J’ne 1
Oct 113 4 J’n<
111
Feb 8 106
Feb
55
May 64
Jan 8
54
165
Feb27 168=8 May 176 Maj
16
4
Feb
16
Feb
1
Mai
Mar
1
l
Jan 9
7
Jan
6
Nor
64J’ne 6
Feb
J’ly 165
149
Apr 3 136
03
Feb
48 4 Dec
51
Feb 8
139
Jan
Apr
134 4 Apr 4 101
118
Jan
May
1124 May 13 103
Feb
J’ne 147
129 4 May 15 118
714 Jan
41
4
Sep
57
51ay 2
Knickerbocker loe.,.100
~
106
163
101
•14
2
97t
94
*24
25
100
Apr’07
...
168
*100
340
434 Jan 25
415 4834 Marl5
Jan 7
70 129
10 1224 Mar28
Mar 20
63
92 1014 Apr 10
Jan 2
30
70 34
Api 20
50 106
Apr 20
Mar 13
60
Feb 2 7
166
100
pref
Booth (A)
...
106
100
Amer Shipbldg
Do
pret “
Amer Straw Board
*135
140
140
136
136
•38
*38
40
38
38
41
123
128
128
*122
LOS
*122
128
120
122
10641064 *106
106 41064
107
*
1094 107
126 4 126
126 4 126 4 *126
12<> 4 126 4
126
•125 *a
L a st Sale 53\
*52
54
54
*51
54
•52
54 4 •52
Nov’Oo
Last sale 6 L
Feb’06
Last Salt S'j
45
45
45
45
Last Salt 24
Jan’07
Muy’07
Last sale 25
74
74
74
74
74
74
74
73 4 ?3 4 *73
734 74
1
l
0*4
111
ill
1114
110*4
111
1104
1114
111
1114
111
111
7o
75
724 *714 73 4
71
714 *70
714 714
*714 734
110
110
114
114
114
*110
111* U10
•110
115
*111
115
May’05
1. a st Sale oJ4
Last Sale 994
J’ly’06
*40
413*
42
*14
•40
42
•40
42
*40
42
*40
42
904
90
904 904
91
*90
904 91
*b94 904
*b9 4 90 4
1057b 1064
*
14U
*
100
100
iHisccilaueous
Amer Radiator
Do pref
May’07
lo5
Sale 70
*103
105
Sale HS
*37
39
*U>7
109
Sale 524
Sale 165
Last Sale.il6'
Last Sale L
*
*6
6
6 4
14
64
Do
pret
West Clue Street
127
•
127
StreetsW Stable 0 L
54 4
54 4
*1304
54
54
*1304
100
Do
pref
100
North Ohio Street....100
Northwestern Elev.,100
Do
pref
100
South Side Elev
100
6*2 American Can
*54
54
pref 1
Highest
Lowest
Highest
lowest
Sep 200 Jan
Marl 9 295
441 150
Apr r 140
74 Jaa
5
Dec
3 4 May 14
j
Jan 24
1U0
Dec 28-4 Jan
15
16
Api 6
134 Mavl4
6 >
Maj
3 94 J’ly
Marl 4 4 6 4 J an 2
905 15
‘>7
4
6 4 Apr 3
J’ly 134 Feb
300
e M ay 15
124 Mm 464 Mn
400
14
Apr 2 3 19 4 Jan 9
54
Jan
Jan 10
Mar25 65
300 49
934 Feb
8
Oct
87
Jan
>
17
Mai 25
200 83
31 >
J’n^
Oef
?I
Afar 1
24
72 4 Nov
65 4 Oot
Jan 15
53 64
Apr 4 72
Mai
25
Mar 85
Apr 4
341 j Apr lo 45
28 4 Feb
23 4 J’ly
175 22
Apr 2 6 25 4 Jan 25
68
4
Mai
60
May
68
Apr 2 4 64 4 Jan 15
99
J ’m
8’» 4 Apr
Jan 4
Marl4 90
40
75
27
Jan 15
Atay 354 Nov
Mai 25 34
500 28
Mayi8 97 Dec 102 J’ni
5 964 Feb2> 99
Feb
23
Marl9 35
Apr 60
20
Apr 3
*
34
•3
*15 4
53
84 4
34
3
or.
*5 4
53 4
*
•
*14 4
53
14 4
•
65
40
24
62
65
*33
*22
*5S
85 4
*28
*95
*27
34
15
18 4
STOCK
EXCHANGE
1
150
175
*3 4
4
15
*14
170
34
June
June 6
June 5
175
CHICAGi
Frulay
Thursday
Year(1906)
1907
0/
PreviotM
Range tor
Range tor year
Sales
the
Week
Shares
STOCKS
SALE PRICES
Wednesday
*13 4
18 4
84
33a
144
‘>5
•
170
177
177
*3 4
4
180
180
*3%
4
♦13C, 15
1814 18**:
*3
3 E
*14 4 15 4
•5‘234
•S3 4 S3‘6
and Yearly
EXCHANGE—Stock Hecord-Daily, Weakly
CHICAGO STOCK
BOSTON STOCK EXCH4.NKK—Stock Keoori, Daily. Weekly and Yearly
"Hare
Rricew—Not Per Ctantuin Price*
Haturday
June 1
Monaay
Tnemtav
Wednesday
Thursday
June 3
June 4
June 5
June 6
*96%
86%
96<H
87k,
88%
87%
SS3*
92 4 9214
*92 4 S'3k
-92 4 93^
*924
216
215
•215
215 4 215 H
216
134
13 i
134
•13J
134
•134
136
*
•
218
218
220
221H 218
159 4
162
159 4 169
160
162
162
160
•160
*16!<
165
*160
•298
•298
298
298
•12
12
•12
‘12
•50
*50
55
•50
55
•60
65
23
23 4 244
23
V3%
244 S/44
*
•
•
*
7:«
73
724
23*4
73 *•
•112
•
574
•204
•674
•19 4 29 4
163
165
•
M92
'67
♦
97
*
87
105
79%
79%
8
8
18
*164
120
129 4
122 4 122 4
1154118 4
•24 4 ‘-5 4
914 914
•3 4
•107
•7%
4
1084
......
69
84
•206
4
*
*
•116
162
•94
106
*20 4
•25
*24
1064
58
27%
164
57 4
*16
67 4
21%
*20%
90
97
80
80
74
74
17
17
119 4 120%
122
1224
115
116
25 4 26
90 4 92
•3 4
4
107 4 107 4
104%
*7
210
137
82%
33
974
31% 32 4
bO 4 97
•6 4
74
75
6
6
70
7o
86%
*
15
79
79%
7
8
9
*18 4 19
120
120
122
122
107 4116
19
129
*244
•24
91
•3
4
106 ’!/
IS
*7
33 4
97%
-5
*70
9
*
6
75
79 4
8%
19 4
120% 120%
120%
120%
122
122
103
25
198
25
122
197 4
123
198 '<
21%
24%
58
27
32%
97%
5%
33%
97%
5%
70
70
19
2 L
Last Salt S
•206
298
138
149
149
08
6<4 58
83 4 84
83 4
208
298
208
298
*24
*
*
Hi
3
5u
*24
•
24
24
4o
83%
854
35
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**5 ’
6
•4
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84
1
1
J2
8%
17
17
'55
*•49
*254 264
244
156
•809
*26 4
*•49
794
16%
264
loti
81i>
28
45
]94
1«4
24
*43
82
34
54%
4%
a4
*4
*114
8 4
16
*•40
24
45
&4
35
2
45
2%
45
83%
84 4
34%
33
56
5
4 Hi
34
1
12
8 4
16 4
*65
26
*
4
•4
114
8
16
*•40
44
%
i
H7e
8%
16
*55
24
24% 24 4
23 4 23%
23% 24
151
154
152
154
799
800
798
798
27 4 27 4
*25 4 27
♦•40
*45
*•40
*46
78 4 79 4
78% 79%
16
16
16
16
2
•
i
82%
33 4
4 4
■
4
*4
114
8
*15
*•49
24
23
164
790
25%
•38
78
16
2%
45
5%
2
♦
83%
4%
%
4 4
8%
16
‘55
2-a%
23%
li*4
34
*
25 4
’38
78
16
2
2
15
*1%
13%
14 4
lia»
14%
14%
-
14*4
34
_
16
16
14
15
144
a£34
6
li34
44
15
6
*4
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12 4
844
134
82
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47
139
194
•1
124
12 4
84 4
!3si
824
......
*7
130
194
1**
1134!!^
5
5
24
174.174
112
•
264 21
•57 4
58 4
194
•4
12
12
4
82 4
-1%
3%
14%
*144
34
15
15%
44
6%
4%
‘60
S4 ♦•50
12
12
12 4
12%
12%
84
83
83
i3‘«-
13 4
81%
1
44%
•120
19 4
*1
112
4%
24
16%
134
81%
134
82%
*1
44
45
45%
125
•120
130
19 4 19%
19 4
•1
1%
1%
113
113
112
4%
4%
4%
2 4
24
2 4
1
17
105
110
16%
105
17
105
43%
120
19
*1
109
4%
24
16%
100
19
1%
H3
44
3%
17
103
19%
184
I*
59
60
83
83
9% 10
48% 49
43% 43%
67 4 68
6
6%
10
44S,
43%
44
684
69
57% 58%
7
6%
494
434
53
6%
•1
74
150
1
7%
150
1
*1
7
7
153
163
l
1
-1
*7
150
pay'tefauees’U called in 1907.
1%
May’97
85%
34%
84%
34%
5
4%
%
•
)
)
»
>
1
1
109 .15
J’ue 5 26
Jau >
21
J’ly
Dec
Feb 7
90
191 ?78% J’ne 6 *15
556 i 6 -2 Mar 14
14 \, Jau 8
10 4 Dec
16
l
T9.>
Mai 27 ;.j
Jau 8
26
Aug
1
1,477 lib ') Mar2o 137 4 Feb 1 1 ]
.Huy
)
134 129
.vlarL’J 1314 Jan i 1 i]
Dec
* 11,449 £05 4 j’ne 5 134 4 Jan
2 ji
J’ly
Nov
J
in |2 4
May 2 s 36 4 Jau 7! 28
)
949 99 h* M mid 192 4 Jau 8 ] lo % Dec
3
Mar. 8
)
4
(an 15 ;
3 *4 Jau
J’ne ij 115
182 109
Janiu.l L5
J’ly
16
Mar 26 25
2 99
bebit' I 21% Nov
7
.Mar t
9 4 Jan
I 53e Jail
1
186 20.»
April 239 Jan 1 |2 !5 Dec
1
29 136
Dec
J an 2 . 1 >7
Muy2s 162
i
949 .’4% Mar2t 664 Jan
44
May
89
Mar 2 u 86 4 Apr 2t,
08 1
84 4 Dec
J au
2 215
8 199
Mai
Mar 1 1
nref
Land
pref
rgentlialer Lino..]
Mexican Telephone..
44
.11
2.
a.
79
164
16%
st sale 60
lit
89
......
o0
1.3S 5
39
27.961
2,235
Anaconda
Arcadian
121
2,267
% Arnold
19U
545
5, A 66
692
2,635
2,966
(
Calumet
6s Hecla.... 25
(Centennial
25
Merour Gold...
(.
Cons
1
784 (Copper Range Con ColOO
133
388
290
6,777
16% iDaly-West
4d8
May’97
‘>3,
*6
85 4
13
814
13
82^
45%
......
45 %
120
124
*19
20 4
Last Salt
110
4 4
112
44
16%
-6t
17%
62%
63 4
2%
*16
10%
48%
43%
49%
43%
58
58%
6%
6%
150
1%
^
59
43%
69
6%
7
150
1
* Bid and asked pnoes.
•7
150
1
Do
43%
pref
69% 1U tali Consolidated...
64 Victoria
\
Mrv’97 \
Washington
150
1
Winona
\
Wolverine
\
\Wyandot.
| New stock,
5
-Uar2o
27
80
Feb[4
Jail l‘_
Jan , ;l -J
Jan 1 1 0
9
Jan lu
Jan i6 1
Jau T.
264 Feb D6-8 Jau 24
22
-5
2
‘/u
J’ue 5
6 4 Feb
.»lar2o
74 4 Jan 14
Mar2(i 121
Jan 5
J'uo 4
53
Jan 22
54% J’ue 3 75
Febib
2
44J’ue 4
4 Apr 11
4 May29
11 4J’ne 4
s
J’ne 4
14 4 Mar 2 b
•5U
Apr 25
*.0
4Mar26
29 4 Mar26
Mar 15
783 J’ne 7
254 J’ne 6
*35
Mar26
72
Mar 2 6
14 *a Mar 15
60
Feb 5
L09%Feb 1
50
5
26
25
25
25
25
14 May 27
J’ne 5
J’ne 4
14
May 2 6
9,019
96
3 4 J ’lie 4
1,844
'491
2,075
134 Mar20
14*8J’ne 6
603
795
Li57
4*3J’ue 3
Apr 6
114 Mai‘27
124 J’ne 4
153g Jan 16
Jau
2
1
14 Jau 9
22
Feb28
i2 4 Apr 4
37
JuuD
•80
Jau 17
334 Jau
39
Jan
oct
6434 j’ne99
Sep
210
Dec
534 Sep
60
Mai
Mai
60 4
Dec 141 4
Dec 26-v 4
11
4 J au
129
23
4 Dec
"J’ly 2 7 4
J’nt
5 4
Nov
Nov
Apr
Nov
Dee
Sep
Feu.
X ov
Leo
8 4 Oct
55 4 Deo
118
Feb
8% Aug i|45
Deo
>7 4 May
74
Feb
2 4 J’ly
15 4 Nov
2 4 Deo
% J’ut
• 10
Sep
1% J’ly
1034 May 28 4 J an
44 Dec
..
J’ly
35*bOct
Feb 1*Janiii
JaD 14
Jau 23
w4 Jan lo
134Jan24
68
Mar2b
1*4 Jan 18
13
J’ne 6 294 Jan It
72 Mar 2 6 l2o Jan 5
1
Alar 14
2 4 Jau 4
36
Mar26 63
FebH
,15
Mar 2 6 181
Feb21
194J’ne 3 35
Jan 14
1
5
Jan
f3 Jau2o
LOS
Mar2 5 148
Feb t
j
•35- Dec
>6% J ’ly
14
Mar
>1 4 Oct
Nov
1. L3
14 J’ly
]44 May
Dec
i: 51
70
Jan,
86 4 Jan
21 4 Nov
84
Feb
123
Mar
3 4 Dec
26 4 Sep
140
Deo
..
4 4 Jau
64 J’ly
mi to J’ne
L3
Nov
L0% J’ne
>44 Mai
1*4 Dec
i 1
Jan
’4% Mai
•' TO J’ly
53
J’ly
(3
Mai
2234 J ’ly
•( JO .\la>
iSO J’ly
3% J’ly
14 J’ly
5% Jan
i >0 J’ne
LO
4
May
74 J’ne
>74
May
i
i S8 •' Jan
94 Sep
44J’ne 5 \ 124 Jan 15
2 *3 May2 2
7 4 J an 8
144 Mar26 24% Jan 17
Mar26 170
Jan 14
414 .00
364 May29 554Jan 8
3,691 147s Mar26 424 Jan '-4
8,522 53 Mar 2 6 77 4 Mar 7
Marla 9;
May 1
10 67
94 Mar 15 13 4 Jan 22
1,772
Mar
3,036 484 J’ne 4 70 Jan 2 i
Mai
t
1,623 41% Maria 49 Jan 7
Marl
4
51
79
Jan
14
f
J’ne
5,689
6
Mar 15 11% i<eU27
5% Nov
1,734
1
Jau
3 4 Mar b •{
May21
7
4
J’ne 4 14
Jan23
535
J’ly
Jan
3S3 .50
Apr 15 LL58 Feb 11 IS
l
705
May22
3% Jan 22 •'
J’ly
7 4 Jan
29'4 Jan
12 4 Jan
14 Jan
14% Deo
22 4 Deo
85
Deo
7 4 Feb
234 Oct
117 4 Oct
2 4 Dec
664 Oct
151
Deo
48
jan
2 4 Deo
114
Jan
9 4 Deo
54 Nov
18 4 Nov
122
Jan
52
Jan
294 Dec
78
Feb
111
Feb
144 Mar
66
Jan
47 4 sep
69% Jan
94 Mar
2 4 Dee
134 Oct
190
Deo
b Ex stock dividend.
-
Oct
J’ly 42
oct
J’ly 184 DeO
May 909 Deo
J’ly 40 4 Deo
15 4 Jau 24
24 4 Jan 15
96 4 J an 14
3 4 May 7
rights!
494 Feb
’80
•
5
•59
Kx~div. &
18% .Mar
34
Apr
10
Aug.
250
184
Jau
J
Feb 8 l<
Feb 15 6
70 4 Mar 2
114
Jan 12
44 Jan it
29 4 Mar 1
151
Feb 8
17*4Apr b
5 4 Jan 11
36 4 Jan 14
1,790
3,966
a
4 4 J’liGi
1
4Jan 7
198
1000
47
•52
loo
20 4
1,100
t Ass’l paid. t Ex-rights,
144Tb Jan
474 Jau
110% Feb
1134 May
Apr 25 1
Jau 2 x
864 Feb
28 4 Dei
Jau 4
324 J’ly
J till
t
59
4 Oct
323* J'ly
99
J’uc
113
4 Feb
Jau 7
17 4 Jan
9
Jau 12
8
Nov
79
Nov
Jau 17
98 4 J au
a2
78 4 Jan 18
86
Feb■
73»4 oet
75
Nov 98
8j
FebJc
j au
45
79
33
13
76 129
25 2,58 7
lo
'325
501
5
15 10,519
300
25
25 6,520
25
981
219
lo
26
Montana Consoles C
•13%
14
;
Nevada
Consolidated
x80
81
3
North
Butte
•
1
(
Old
Colony
45
45% Old
Dominion
(
123
125
C
Osceola
*19%
19% Parrott(Silv
j
& Copp)
1
Consol.
May’07 Phoenix
I
112
113
fi
Quincy
25
*44
6
I
Rhode
Island...
25
2%
Santa
S
Fe(Goid«fc
2%
Cop) 10
174
lo
17% Shannon
£
103
Tamarack
104
’J
25
Muv’iw n
‘16*j
Tennessee
25
19
19% Trinity
1
25
65
United
69 4 l
loo
Copper
Do
pref
ioo
10
10 4 1
Unit States Coal <&Oil 25
494
49% lU S Smelt Ref.dbMin. 50
Last Sale 1
7
150
1
85 4 Mohawk
3
v>3,
n
79
Mar 21
71 Hi Apr 21
16
May 6
1,378
.
87
i>
1,756 148
1
Calumet
<fc Ariz
t
Guanajuato Consol.,
a
15 4
14 4 15
16
I
Isle
Royale (Copper). 25
11%
I
Salle Copper
14% 14 >
14% La
25
5
*4%
5
J
44
Mass
Consol
25
Last Salt ■60
May’07 jMayflower
25
il%
H 4 Mexico
3
11% 11%
Cons M & S
10
13
13
12 4 124
3
Michigan
25
L.
58
99
1.6
Marl 5 182
Apr J 11
Mari5 113
J’no 0 224
24% May
3
*4 Jau 1
24J’ue 7
1,9 9 5 10d% Mari 1 113
J’ue 5
69
6,991 53
25
506
.May 1 29
31
4
May
2<
6,197
2,201 92 *4 Mar25 L97:i4
Dominion
Coal
j
lou
120% Feb’07 ‘
Do
pref
100
*
1%
2
j
River
Elm
•1%
2
12
*13
4
14
1
Franklin
i34 13%
25
129
129
125
125
CGranby Consolidated. 100
14 4 14%
14%
15% Greene-Cana
(
tem ctfs
84
4
May 2 9
J’ne
256
85% Amalgamated Copper]
i
35 4 Am
Zinc Lead & sm.
l55
78o 27 4
-40
j’ue
J’ue a
3 1
Allouez
5
2
46
319 119
125 156
x9 4
29
171 X:04
76 20Hi
stTelep & Teieg.]
Do
pref
j
Westing El 6c Mlg...
prei
34
Jan
lu2
Jan
29
31 ar~
40
Apr
156 4Jau
141
Jan
)
do
Do
Highest
Lowest
>■*
)
timing
2 4 Adventure Con
47
4
155
783
•26 4
••35
78
GO
100
100
Last Sale
19
194
57% 68
10
44%
120
68
194
'
6» 4
0
Highest
,
6
HO
75
2 4
•44
155
•l
20
484
434
674
8%
Before
•1
19
10
153
*1
13%
82
57%
60
8
153
14
14%
14%
44
*6o
114 H%
12% 1‘JHi
82
33 4
14
44
*•50
*13
80%
)
2 1
*0
2 4
47
785
799
26 4 26 4
• ■)
•9%
-74
14%
>
U
......
•»lo
49
7
2
U
9
...
79
*16
13%
124
14%
u
4
May’07 x
*11
12
12
*114
Atlantic
25
8
8% Balaklala
j
8%
8%
temp certfs
16
16
16
16
]Bingham Con Minds s 60
00
Last Sale
May’07 Bonanza (Dev Co)... 10
25
25
25 -4
25% ]BostonCouC&G(rcts) Jtl
24
24 % Butte
J
Coalition
23% 23%
15
•19
......
12
69
7
*1
*i%
2
13
134 14%
*120
120
124
14%
14%
14%
60
44
•3%
€
2
C
0
Last Sale
i.
15
4
154
790
0
L
0
219
*79
Lowest
.
(•
5u
5%
79
84%
34%
1
1JLki
9
N E Cotton Tarn....;
Last Sale 84
Do
May'07
nref
]
110
119
119
119 4
101
162
162% 162
19
Reece Button-Hole..
*9%
*9% 10
106
106
106
1UG
*
29 4’Torrington Class A..
20 4
*
25
25 4
26
Do 'pref
11 ‘b
*2%
3
2 % Union Cop L’d tfc Mg.
197
106
197
106 4
United Fruit
J
58
58 4
69 4
59 4 Un Shoe Mach Corp.
27
_7
do
26% 26%
pref
33 ha 33%
33%
;>4
U S Steel Corp
J
98
Do
98%
98 497%
pref
J
70
Year(1906)
'
0
< (
0
9
d
May’07 East Boston Lund....
84
298
3
Rang* tor Hrevtout
1907
-i Cl
83=8 Marl i 107 4 Jan 7 8 6‘‘a J’ly 1104 Sep
51
92 4 j’ne S 1014 Jan 8 x9 7 % Dec 103 4 Ja»
14r 215
J’ne i240
Feb 7
Dec 2574 Febllr 134
152
Jan 2 14/
Jan
May
Aup 160
24 218
J’ne 1231
Dec 2464 Apr
Jnn 7
16£ 152
MarD1 170
May - 1G0 Dec 180 4 Apr
2b 158
Oct 175 4 M ay
May i 165 Jau 3 1(34
1 297
bob25
9iDec 314 4 Apr
Apr 1 301
12
Mar )
5i
15
Feb 16. 13
Nov
2 i '*8 Feb
53
75
03
Jan
Feb
May2; •'5 Jan 15
Jan
39 4 Apr
1,132 23 Marl: 284 Jan 2
70
80
Jan 23
72 4 Jan
90
Apr2\
Apr
i .’45
Jan 17 150
Oct 182
Jan
Aprilv 169
110
Jan
2 117-j J’ly 127
Jan
Apr > 120
184 4 Apr 2ii 18S
Feb 13 187% Nov 190
Mar
156
Marl
Oet
156
Mar 11
163
Apr
269
Mar 2." 289
Oct 298
Jau 8
Apr
J’ne
6( 122
135
Jau 9
Oct 145
Jan
675
lit
J’ne ] 114
aan 107
Mar 2 2! 1-5
Apr
82
Dec
93
88
Mar 7
'-y
May 2 5
Jan
Deo
1974 Febli 198 Jan 11 L97 Mai 20 »
300
14 4 Mar21
29 4 Jan 9
Jan
17
23
J’ne
69 55
Mar.l
59 4 Jau
75
714 Jan 9
J’ue
194 Mar b 254 Jan 2 21°*, Aug 28*. Deo
160
5
J’no
1904 Jan 2 190 J’ly 207 4 J an
1,69b
152
Feb.
May2M 160 Jau 8 L55 Sep 163
222
Feb 2 128
Apr 23 .-26
J'ly 233 4 Mar
14 192
Dec 210
May 2*. 2004Jau t 198
Jan
52
Jau It
Jan 16
52
53
Sep 5j 4 Oct
J’ne 5
JaD 18
16 40
57
50
J :ui
65
Oct,
J’ne 5
45
65 26
Jau 24
47 4 Nov 64
Jan
85
1*4
J
au
21
Jan
65
Oct
Apr3i
16 94 *2 J’ne 5 103
Jau 7
95
Jan 106
Feb.
Mar 2* 182 4 Jau 7 ]
195
3)935 124
sep
91
84% Apr 4 93 Jau 15
May 99% Jah
165
.Mar 7 17o
Jau 90 ] L70
Sep 178 Apr
J’ne 6 95
Dec 101
256 86
Jau 2.,
92
Jan
27 lu3 4 May 8 110
Mar 4 ]
Sep 1164 Apr
147
Jau 15 147
Feu 150 4 b eb.
Jau 15 1
O
U
0
0
0
0
0
.
JlisceHnneou*
Amer Agricui Chem.j
Do
pref
j
Amer Phou Serv
Do
pref
icrSugar Refin... J
Do
pref
]
91
91
do
91
Last Sale 3 4
May'OT Boston
196
106
*105 4
LjO
3
107%
20 4
*
Last Sa le ?£»
45
Itailron<l*
Top
Sant
prei
Do
904
2<t)
106
63
Bh
215
134
7 8%
7 4
*18 4
7o
8
19
91%
4
106%
9%
9%
10v/% 106
20 4 20 4
*2%
92%
4
78%
•
*7
7 4
208
208
140
HO
58 4 o9
83 4 83 4
208
208
•3 4
3
*
50
*
88
110
112
162
162
20
88%
23 %
23H
23%
23%
Last Salt 72 4
Do pref.
May’.)/
146
146
nc Ry
Last •'ialt ll’J
Do
May’07
pref.
Last Sale 184% Apr’97
Last Sale 15 6’
Mar’u <
Last Sale i*67y
Apr’o7
*122
123
123
12<
•76
Ga fty & Electric....
Las 1 Salt 82
Do
pref
May’u 7
Last Salt /9?4
beb’97
16 4
1 >
16 4 *16
Do
*56 4 6u
57
67 4
pref.
Last sole f.9%
Mar’ll/
169
N
Y
N
H & Hart..
160% 161%
%
161%
Last Sale 152
May’() 1 Northern N H
Last Sale 2-9
Apr’o7
192 41924 *
192
Last sa le 52
Jan ’07
Do
30
30
Last Sale 80
May’97 Seattle Electric...
*
•
97
j7
Do
pref
133
133% 134% 135 4 Union Pacific
Last sale S3 4
Do
Apr’07
pref
L.ust Sale 170
.Mur’oT
86
80 4
86
sti4 West End St
104 4 104 4 *
104 4
do
pref
Last Sale 14?
Jan’07 WoicNash<fe Rocli..]
25
106
107
96%
133
15
79 4
9U%
*3 4
215
134
EXCHANGE
•
29%
1-0%
1304122
105 4 U>7
25
914
4
32%
86%
105
79%
H»
40
26
90
944 944
131% 132 %
•864 874
86%
•
192*4
49
26
*864 87 4
86
16
57
*
06
96
131 % 133
87
104% 105
90
85
192
80
•25
•
1284 130 4
•864 87 4
87
21%
lbO
192% 192%
27 4
964
•70
160
122%
77
16 Hi
57
*19 4 204
169
1694
•
16 Hi
57 4
13
7 4
74
210
*203 219
13o
138
139
:-y
58 4 5 s 4
574 58 4
83 4 t3*^
84
84
84
208
*205
2U8
*208
219
2
2
*2
3
^
3
♦
50
59
46
46
•
♦
88
85
88
115
115
118
113
115 4
169
162
161
162
163
•9 4 10
1U
19
10
106
1U6
106
lu6
1U6
•20
4
*29
2i4
214
4 214
25 4
264 *25
*25
254
•2 4
3
3
*2%
3
1064
106
1974 106 107
68
55
57 4
67% 58
26 Hi 27 4
26
27
274
84
211
211
25
90
1324 13B
*864 87^
*75
*80
163
122
*76
•89
125
77
85
85
195
30
•25
*
•2
160
•
77
16
17
•10 4
128
77
•80
88 %
92 4
Range tor Year
of
STOCK
135
*
218
218
159
159
169 *•
1594
100
•
•
160
160
Do
169
pref.
•298
300
*298
390
•
*
Host Suburb. nEl Cos.
12
12
12
Do
55
Last Salt 53
nr*1!.
May’07
......
1264 1264
75
76
•80
85
Friday
June 7
873,
*87% 881 8
931-i *92 4 931. 2
215V •215 216
134
218
Sales
th t
Week
Share s
STOCKS
BOSTON
24 Deo
.
.
Price
Wee l?s
Range
Friday
June 7
Range or
Last Sale
Since
IStl.MISi
BO&TON
wksk
STOCK itXCH'ttK
ending June 7
98
80
Am Boil ’i'eieptii
Am Telep <fc Tel
coll tr 48.1929
Am Writ Paper 1st s 15s g 11 9
Aten it Nebraska 1st 7s..1908
.
Aten Ton
& S Fe gen g 4s..
Consol 5s
Boston <t Lowell 4s
Boston it Maine 4 Vs
Boston Terminal 1st
■Bur <fc Mo Kiv ex 6s
„
Mar'OG
112*5 Jan ’03
106*4 Apr’07
102
Sep ’05
9930 Oct ’06
100
J’ne’01
123 *4 Nov’06
111*8 J’ly’05
3 Vs.1947
1918
1918
Sinking lund 48
1910
Butte <t Boston 1st 68....1917
■Cedar Bap dfc Mo R 1st 7s. 1916
2d 7s
1909
Cent Vermt 1st g4s..Mayl920
<3 B ife w Iowa Div 1st os. 1919
Iowa Div 1st 4s
1919
1913
Debenture 58
Denver Exten 4s
1922
Nebraska Exten 4s
1927
1921
B&SW s t 4s.
Illinois Div 3 V«
1949
Joint bonds See Gt Northern
Chic jo Ky dfc Stk Yd8 6s .1915
Coll trust refunding g 481940
Oh Mil dfc St P Dub D 6s.. 1920
Ch M dfc 8t P Wis V div 6sl920
Chic <t No Mien 1st gu 5s.l93l
Chic <fc W Midi gen 5s....1921
Concord & Mont oons 48.. 1920
Conn & Pass R 1st g 4S...I943
Current River 1st 5s
1927
122
126
Apr’06
Mar’07
Jan ’07
98
Apr’07
103 *8 A pi ’05
100
May’07
13434 NovMU
140
Apr’Oo
90 *2
90
92 V Apr’07
90 V bttlr
90*4
accrued interest in
13
Saiurtiay
June 1
"97*5
90*8
91*5
Monday
J nesaay
Wetmesuay
June 3
June 4
June 5
”96”
9034
90
91
16
35
90*5
90*5
*5
5s... 1945
Boston Term 1st 4s
1939
Y
N
H
H
deb
3 *581956
X
&
con
Old Colony gold 4s
1924
Oreg Ry dfc Nav con g4s.. 1946
Oreg Sh Line 1st g 6s
1922
Repub Valley 1st s f 6s...1919
(J'or Bonds
Stocks
32
82
91V
16
30
12
•90 V
•90 V
•
•
11’v *11 ^4
12
•11
•1
^*3634
-*VH
49*4
37*4
9V
49
-48*5
3634
9
7e
367t
9V
3734
97e 91Bie
37
•ifv
i
*48*5
38
49
38*8
4834
4834
4834
38
38V
38
97e
978
97s
9
934
7b
5 V
-
19*5
82
6 L *5
1
59V
•*40 V
*7 7g
22
49V
*39
82
81*5
617b
60
5834 •597io
40*4
49
40
7b
40 ‘4
62 v
59*5
6934
40
40
40
5a *«
69*4
90
8 *5
6134
69j4
22*8
49*8
4
6176
40
7iBie
•3934
-38 V
81
878
69*8
22
49*5
40 V
39 V
68 V
21^
82 V
87*
8134
9*5
81*5
8 ?e
82
62
6238
8V
40
*39J4
6 h*5
23
50*5
40 V
40*5
90*5
5913x9
40
8*10
71Bi0
23
23*8
23
5d*ie 51*»ia 50**xe
8*10
8
58*5
9034
•40
40*5
39
08*5
39°a
90 &e
91-V
58 V
•9
81V
62 V
1
60
1
L
71Bie
8
22
9*8
81*5
61 *5
1
40*5
08
90
82 V
61
59=,
*5
90*4
*08
9 3b
1
1
*19*5
20
9
9*5
*;» 1.
•4o
40
59
91V
99
11*79*4 * b*5 *5
...»
”6 ”9*6 *5 ibb *4
99 V 100
100 *8 loo1*
....
j 103*V 106a4
i03* May*07
iba” ”1”.’
101 *5 sep ’06
H0278 Jau ’u5
1121 •‘V Mar’06
102
May’07
107 *5 Nov’05
Mai’02
102
....
1*0*2” i *0*3 ”
98*a May’06
101;,4 May'07
io(«9
lbi^ibs”
10*U\ i!*102
lil01\ May’07
Apr’06
11234 Apr’07
Tj95 *5 May’07
1150 V
io6*5 108”
97*4
98
97*4
97*4
9S
98
100 *5 Jau
1*0*7” *1*1*234
.
PHILADELPHIA
inactive
Ask
60*8
40
8*8
24*8
5 1**4
40 V
10134 Apr’07
102:V Jau '06
99*5 May’07
91 *-j
91*5
’
"i
Allegheny Val pref....5l'
50
American Ceuieut
Anier Pipe Mfg
Ben Telephone
40
59
Range tor
1907
the
Week
Shares
and Inactive
see
below)
Con. Gas
Do
El. L. dfc Pow. 100
prel
100
Easton Con Electric 0.50
Elec Storage Bait....loo
Prel erred
100
■Ft Wayne &W V
100
Germantown Pass
50
Indianapolis St
.
91«8
_
200
22
3.1 So
1,290
51
49
40
40
8
23 V
8*10
23V
52^
2,064
~
1,576
z5734
91»8
68 *& Union Tracton
9 2 J4 United Gas Impt
Weisbacli Co
30
•27
51
Jan 2
47 V Jan 24
7
48
Dec
Apr 10
13
Dec
ll*b
S
135
53
Mar 14
80 V Marl4
25
May24
1943 ..F-A
Lehigh Nav 4*58 ’14.Q-J
Interstate 4s
RRs 4s g
Gen M 4*58
..50
50
2 V
101 3y
Salt
5u
Steel.. 100
10
Susqueh Iron & Steel..5
...10
Tate water Steel
Preferred
.10
Touopah Mining of Nevl
loo
Una 111 Tr of I ml
United N J RKdfcC.MOO
Unit Trac Pitts pret..50
WsrwicK Iron & steel.lo
West iersey ifc Sea Sh.5U
15
240
8 V
WVsimorelaiat Coal....do
Wilke* Das A Elec.: 100
.ul and asked prices; no
15*4
Ask
Con M 6s g
99
99V
103
92V
106*4
106
84
95
98*5
105*4
113*5
sales on this day.
*u Ex-ngnts.
100
Prel
100
Atlanta di Charlotte.. 100
Atlan Coast Line RR.100
Atlan Coast L (Conn) 100
100
Corp...50
50
Georgia Sou <fc Fla... 100
1st prof
100
2d pref
G-B-S Brewing
Pen u Steel
i P dc E gen -M 5 g ’20. A-O
i
Gen M 4s g 1920.. AdfcO
s f os 1926
M-N
U Trac Pit gen 5s ’97 J -J
Welsbach s f 5s 1930.J-D
Wlks-B GdfcEcon5s’o5J-J
Canton Co
Cons Cot Duck
Preferred
100
100
Bonds
Anaoostia & Pot 5s
Atl dfc Ch 1st 7...1907 J-J
Atlan C L RR4sl952M-S
A.tl Coast L(Ct)ctfs os J-D
Ctfs of ludebt 4s
J-J
5-20 yr 4s 1925
J-J
BaltCPass lst5sTl M-N
Balt Fundg 5s.1916 M-N
Exchange 3*28 1930 J-J
”99”
69 *5
105
V 105 V
101
118
100
......
......
5
7
8
Feb 18
25
Dec
81V
97
84
76
*7l”
72
83
17o
38
L05V
96
99 V
69 ®4
Balt di P IstGs mi’ll A-O
Balt Trac 1st5s..’29 M-N
No Balt Div 5s 1942 J-D
Rycou5sl932 M-N
os.1932 MS
ClmsCityRy lst5s’23J-J
Ceut’l
Ext di Imp
|| $7.50 paid, f $15
......
95
225
87
250
91
3o”
20
94
75
4
96
80
5
99 V 110
95
105
100
85
80
85
80
100 V
lu7 V 108 V
101
100
City di Sub 1st 6s..’22 J-D
Sub(Was)lst5s’48
Coal dfc 1 Ry
1st 5s ’20F-A
107
112
1(»7
103
100
109 V
115
109
......
1939 J-D
’45 J-J
’29 J -J
5s
Ga dfc Ala 1st con 6s
Ga Car di N 1 st 5s g
Georgia P 1st 6s...’22 J-J
GaSo dfc Fla 1st os 1945J-J
U-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knox v Trac 1st 5s ’28A-G
IjakeR El 1st gu5s’42M-S
Memphis St 1st 5s’45 J-J
M e t S t( Was h) 1 s to s ’ 2 5 F A
Ml Ver Cot Duck 1st 5s.
N pt NdiO P 1st 5s’38 M-N
General 5s
1941 M-S
Norfolk St 1st 5s’44..J-J
North Cent 4 *581925 A-O
J-J
Series A os 1926
J-J
Senes B 5s 1926
Pitt Uu 'Trac 6s 1997.J-J
Poto Val 1st os 1941..J-J
Sav Fla dfc West 6s’34 A-O
Seaboard A L 4s 1950 A-O
Saab dfc Roan 5h 1926.J-J
South Bound 1st os.. A-O
U El LdfcP lst4 Vb’29 M-N
Un Ry dfc El 1st 4s’49
Income 4s 1949
M-S
1-D
1936...J-D
Midland—
Funding 5s
Virginia
2d senes 6s 1911...M-S
3d senes 6s 1916..M-S
4th ser 3-4-5s 1921.M-S
5tli series 5s 1926.M-S
Vu (State) 3s new ’32.J-J
Fund debt 2-3s 1991. J-J
West N C con 6« 1914 J-J
W es Va Cdk P 1st 6g* 11 J -J
Wil dfc Weld 5m.. 1935.J-J
paid. 1 $10 paid, i $35 paid, a Receipt*.
Jan
Nov
Nov
Jan
J an
Jan
Jau
J’ne
32
Mar
Ask
Bia
Chas Ry G di El os ’99 M-S
Cliarl C dfc A ext os.’09 J -J
2d 7s
1910 A-O
City dfc
32
J an
62 V *1 an
19
Jan
*7io Oct 3*Gi0 Jan
61-V J’ly 73**10 Jan
47
Apr «54 *•„• Mar
6*» Dec 9ax« Oct
cl 9V Dec §34 V Jan
J an
56V May S3
4 3*V Apr 47*Bi0 Jan
51
Jan
447s May
65
Aug
63*8 Dei
Feb
fl 31 V M a> 101
CoidfcGrnv lst6s.l916J-J
Cousol Gas 6s...1910 J-D
BALTIMORE
112
105
i'OHV i‘10"
Kydi Leon 6s’54J-J
Inactive Stocks
Ala Uous Coaldb Iron.
G234
Annuity 6s
J-l>
Geu cons 4s 2003.M-N
Trust certifs 4s
1911....J-l)
Imp M 4s g’47.A-O
Terminal 5s gl941.Q-F
P W di B col tr 4s’21. J-J
Portland Ry 1st 5s 1930.
U Trac Ind geu 5s’19.J-J
Un liys Tr ctfs 4s’49JdiJ
United Rys Inv 1st coll tr
g,1924.<4-F
1st 5s T7 M -N
People’s Tr tr certs 4s ’43
P Co lstdi col tr 5s’49 M-S
Condi col tr5s 1951 M-N
Plul Elec gold trust ctfs.
J-D
Ex
Roch
1914.C2-F
Leh V Trau con 4s’35J-D
New Con Gas 5s 1948 J-D
Newark Pass con 5s 1930
N Y Ph & No 1st 4s ’39 J-J
Income 4s 1939...M-N
NooliioTrac con5a’ 19.J -J
Penn gen 6s r 1910.. Var
Consol 5s r 1919... Var
Penn & Md Steel con 6s.
Pa dfc NY Can 6s ’39.A O
Con 4s 1939
A-O
’33. A-O
J’ne
Deo
Sep
30:*4 Jan
BA LTl.il D *t E
ASK
Bid
PHILADELPHIA
Ph dfc Read 2d 5s
Con M 7s 1911
Leh V C 1st 5s g ’33.. J-J
Leh V ext 4s 1st 1948.J -D
AI-S
2d 7s 1910
Consol 6s 1923
J-l)
Piolerred
100
Phila Co (Pitts) nref...50
Phii German <fe Norris.50
.Phila Traction
50
Railways General
Betlile Steel 6s 1998.Q-F
Choc & Mo 1st 5s 1949 J -J
Ch Ok dfc G gen 5s T9 J -J
Col St Ry 1st con 5s 1932
Con Trac of N J 1st 5s.’33
E di A 1st M 5s 1920 M-N
Elec di Peo Tr stk tr ctfs
Gas-L 1st g 5s 1928
Top con 58 ’25 A-O
Indianapolis Ry 4s. 1933
Lit Brothers
10
.Little Schuylkill
50
MiueluJl di Schuyl H..50
N llaveu iron A Steel.5
50
Noithei u Central
North Pennsylvania..50
Pennsylvania
Rys conv 5s 1911 .J -D
Atl City 1st 5sg’19.M-N
Balls Ter 1st 5s 1926. J-D
Eq II
KeystoneWatchCase.lOU
.Pennsylvania
Bid
PHILADELPHIA
i 1 1 V
50 ’«
4
4
5 26 V May 6
69'A. Jau 7
45;*b Jau 14
47
Jan 14
60•'*8 Jau 22
96 V Jan 5
30
J’ly
Dec
J’ue
51
39 V
12 V
M ay
J**7* 14 i 1
14
Nov
6
Jau25
48
31
i)ec
Jau 25
14*2 Nov 23
Jan 8
Dec 118
Jau 7 100
65
May 86
36
634 May20 16
103
78
.Mar 14
Mar 14 7-->7fcJan
67
2 V J an
1
Apr 6
58 V Mar25 701*10Jan
40
J’tio 4 48*»Jan
9
Apr
7 V Marl 4
733
50
50 8,866
100
50
7
Jan
Muyl8
May 21
15*e Mar27
4534 Mar25
40
May 24
39
J’ne 5
.50
1st pref
2d pief
Do
Do
41V
48b8 Apr 1
32V Mar 14
37e Mnr.l
23*4 Jan
97
22
48
14
41
90
35 V Dec
80
Oct
Jail 9
Jan 10
Jan 26
35
85
97
19
50 1 l,10O
288
Philadelp’aCo(Pittsb). 50
Philadelphia Electnct. 25 2,672
Phila Rapid Transit^.. 50 16,805
Reading
50 69,6357
41
11 & B
20
99
Highest
/.nicest
33 V Jnn 1 5
80
May 2 9
86
Mar 14
i9 V Feb 25
Mar 15
35
1U V Mar 12
4
10
60
592
945
603* Pennsylvania RU
*40 V
Berg&EBrw lst6s’21 J-J
72*4
100
.Indiana Union Tr
100
Insurance Co of N A.. 10
Inter siu Pow dfc Cheiu.50
Keystone Telephone
P ret erred
63
50
Cambria lion
50
Central Coal di Coke. 100
Consol Trac ol NJ...100
.Diamond State Steel.. 10
Prei erred
10
91*5
Range tor Ihreviou*
Year(1900)
Year
Hiuhesl
Lowest
162
Northern Central
50
seaboard (new)....1....100
Do
2d pref
100
United Ry dfc Klectrio.. 60
•40
Am
100
99*4 100*4
1194 *5 Sep ’05
109°8 Aug’05
91
ot
48 34 American Railways.... 60
38 V Cambria Steel
50
91B1« Electric Co of America 10
5 V Gen Asphalt tr cits ....100
Do
20
pref tr ctfs ....100
9 V Lake Superior Corp....100
82
Letugh C dfc Nav tr ctfs. 50
62 V Lehigh Valley
60
Marsdeu Co
100
1
61V
Rond*
At Val E ext 7s 1910 A-O
Alt ALVElec 4 *58*33.F-A
Stock*
T99»*
94
100*5 100*5
l0l:v 102
’07
-•
Bia
97
97
Apr’07
99*5 Nov’06
97
Friday; latest bid and asked. 1/ Fiat price.
Philadelphia
•48 V
102 *5 Aug’04
98
97
100
Mar’07
98
Rutland 1st con gen
J-ndav
June 7
Thursday
June 6
9 L
92
101
92
1916
5 s..
ACTIVE STOCKS
•80
9i
9*8
12*6”
....
100*8 Jan ’07
Baltimore
90 In
98*
114 ”
Exchanges—Stock Record, Daily, Weekly, Yearly
•25
*12
100 34
New England cons g
Price*
Price*—iNot Per Centum
Jan 1939
all Boston Bonds. - No price
addition to the purchase prioe for
Philadelphia and Baltimore Stock
Share
97 *a
High
’ss”
1734 Aug’05
4*58.1941
Rutland-Canadian Ist4sl949
Savannah Elec 1st cons 5s.l 952
Seattle Elec 1st g 5s
1930
97*5 100
Terre Haute Elec g 5s
1929
100*5 102
1918
Torrington 1st g 5s
99
99
Union Pac RK«fe 1 gr g 4s. 1947
1st lien conv 4s
1911
United Fruit conv gen os.1911
90
89
10-60
yr
U
S
Steel
Corp
5s.
1963
LOO
100
West End Street Ry 4s....1915
93
98
Gold 4*58
1914
Gold deoenture 4s
1916
i bo” ibb*
Gold 4s
1917
Western Teieph dfc Tel 5s. 1932
Wisconsin Cent 1st gen 4sl949
88*4 97*4
Wisconsin Valley lsi 7s.. 1909
92*5 96
Feb’05
89
loo
1921
Buyer pays
Feb’07
97*5 Apr’07
101
Mu) ’07
Mar’07
99
112*4 Jan ’03
104
Nov’06
101
...
iboij
100
102*5
94*5 95
101V
95
94
V 1st 6s..1933
Unstamped 1st 6s
.-.1933
Gt Not C B dfc y coLl tr 4s 1921
a ote—
May’07
101*4
10H*
1915
1927
Registered 4s
983e
-*Apr’07
90 *5
90 V
90
Low
26*5 Oct ’06
Midi Telep 1st 5s
1917
Minne Gen Elec con g 6s 1929
New Eng Cot Yarn 5s....1929
New EngTeleph 6s
1908
6s
1915
7100*87100*8
98
993,
1O‘270 J’ue’06
97 *5 May’07
190s
4s
4s
Fremt Elk dfc Mo
83
To” ”75” 1J79V May’07
Jan 1939
1st cons inc3s
2d cons me 3s
May’07
May’05
9S3B May’07
7100 *» May’07
93
92
Mar’07
Muv’o7
99
113 ■’V Nov’06
101*4 Sep ’05
118
May’04
92
Cons 1st 4s
1912
Maro Hough & Ont 1st 6s. 1925
Mexican Central cons 4s..1911
106*4 107*8
86
109
85
84
DetGrRapdfcW 1st 4s... 1946
Dominion Coal 1st 8 t 5s..1940
Fitchburg 5s
Sep’06
101
114
115 *4
1
January
Jo
Hig/i
loo’s Oct ’06
99*5 May’07
122 *4 Nov’06
98
May’07
102 *a Nov’06
115
May’07
KanC&MRy&iir 1st 5s 1929
Maine Cent cons 1st 7s...1912
llo” Febv04
1924
1916
1944
Nou-exempt 6s
1J87-V 92
86°8 OP.
May’07
86 ®8
87
^cnce
P
*aU
Last
99
la Falls 1kSioux Cist 7s.. 1917
Kan C Clindfc Spr 1st 5s... 1925
Kan C Ft S dfc Gull 1st 7s.. 1908
Kan C Ft Scott dfc M 6s.... 1928
1934
Kan CM&B gen 4s
Assented income 5s
1934
Range
IV
Range or
As< /,ow
deben 5s....1910
Non-convertdeben 6s...1913
96V 7101V
1137 3* May’07
87
85 V
Price
Friday
June 7
rihuois Steel
T83
IU82
Mar'OC
97
104
97 34 97
97U
1995
79
1)82
1N2
Aaiusfiueut g 4s.....T’ly 1996
Stamped
J’ly 1995
^Boston Elect Light 1st tts. 1908
96*4
98 *«
81
1*0 > 1»
BOSTON STOCK EXCH'GE
Week Ending June 7
Bia
High.
98*4
90*4
Low
High
AS* Low
98V 98
79
Sale
Bia
January J
1359
Record.
Boston Bond
1907.
June 8
96
93
106
106
108
1 0 :>
101
100
101 v 102 V
114
1 12
104V
104
109 V
109
-
-
fi|
106V 107
10 ,i
103V
116 V US
109 V
103
52 V
5234
21:V 2 L*V
105
104
108
ib?" ibb**
79 V
90
7934
105
103 V
108
107
llo
108
111
......
im
V
110
VI‘4
9
72
106 V
107
88
86
loo
89
86V
50 V
5 L
79 V
79 ’4
nil
104 V
104
105
106:,4
......
92 V
93
93
108
105 v
1 10
IU6
111
92
V
5 $25 paid. c $30 paid.
%.?
,-i-i f
1360
THE CHRONICLE
Voiume ot Business at Stock
Exchaages
AT THU NEW YORK STOCK EXCHANGE
DAILY, WEEKLY AND YEARLY
I’ttANSACTlON»
Stoeks
Week ending
June 7
luo7
Railroad Ac
Bonds
Par value
Shares
State
Bonds
u s
Bonds
(VOL.
Teleirr tfc Telephone
11 Amer Teleg A Cable 100
A bo Amer. 100
Cummer Un Tel (N Y).25
Einp A Bay State Tel 100
Franklin
100
UGoid A Stock
100
Hudson RiverTeleph 100
11N YAN J Teleph...100
Pacific A Atlantic
.$375,000
$97,000
1,673,500
01*2,000
799.000
$16,300
42,181,100
774,500
172,000
82,000
142,000
53,500
70,000
3,044,082 $255,499,950
$5,454,000
$622,600
$16,300
..
722,227
692,183
...
494,540
489,330
613,477
Thursday..,
Friday ....
Total....,
Sales at
New York Stock
Week
Exchange
1907
Stocks—No. shares
Par vaine
Bank shares, par..
920.000
January 1 to June 7
ending June 7
1906
1907
1906
132,330,375
109,489,235
3,930,442
$255,499,950 $338,361,250 $9,342,831,660 $11,782,251,250
$177,700
$275,000
3.044,082
Total bonds....
$6,092,800
$19,019,600
$807,500
195,571,000
43,224,460
317,157,800
$220,517,200
$361,189,750
-
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
June 7
1901
Boston
65
70
U02
Bond
sales
Unlisted
shares
Listed
shares
Unlisted
shares
Bond
sales
5 70
8,868
6,411
23.794
20,730
21,847
17,362
15,109
10,090
Friday
21,517
9,360
9,101
16,000
10,400
35,000
119,108
68,588
$115,900
Total
$3,000
12,000
39,500
8,817
1,946
6,048
$10,500
45,000
26,065
8,256
8,509
8,609
11,947
46,000
65,800
33,600
80,900
141,651
45,216
$281,800
11,280
24,381
23.324
27,787
28,814
98
987,
71
Outside Securities
A Weekly Review of
Outside Market will be round
Street Kailwnja
Ask
Bid
NEW YORK CITY
27
87
210
101
Exch
102
250
108
158
160
Bleeok St A Eul F stk 100
1]lBtmort4s 1950 ..J-J
B’y A 7tli Ave stk 100
..
112 d mort 5s 1914 ...J-J
Con 6s 1943 See Stock
B’waySurtlstSsgn 1924
flOent’l Crosat’u atk.,100
fllst M 6s 1922 ...M-N
flOen Pk N A E R stk.100
llchr’t’r A 10th St stk 100
OoL& 9th Are 5s See Stock Exch
Dry D E B A B—
iflst gold 5s 1932...J-D
1|Scrip 6s 1914
F-A
Eighth Avenue stk..l0U
ifscrip 6s 1914 ....F-A
fl42dAGrStF’y stk.,100
42d StM A StN Av.,100
95
300
98
340
68
^lst mort 0s 1910 .M-b
$ 103
31
91
230
104
list
106
300
115
163
165
Street
Bid
390
35
Bklyn Rap Tran See Stk
"flConey Is. A Bklyn ..100
4s 1948..J-J
Brk CAN 6s 1939.J-J
Gr*pt ALorimer St 1st Cs
Kings C. Ei—4s See Stock
Exch
list
1U0
88
104
102
150
92
Exch
_
list
65
Nassau Elec pref
75
100
6s 1944
A-O
104
1st 4s 1951
See St k Exc h list
N Wb’g A Flatlstex4 48
99
Stein way 1st 6s 1922. J-J $110
OTHER CITIES
Gu g 5s 1953
M-S
No Hud Co Ry 6s’ 14J-J
5s 1928
J-J
Ext 5s 1924
M-N
Pat City con 6s ’31.J-D
2d 6s
1914 opt A-O
So Side El (Chic)
See C
$ 97
$106
$ 102
......
102
$100
$110
$100
hicago
list
Exch
list
37 H 38 4
100 * 774 78 *4
81
J-D
814
27
30
....100
UmtRysSanFran NeeStk
Wash Ry A El Co....100
Preferred
4s 1951
11 West Chicago St
11 Con g 5a 1936....M-N
70
76
(
Lias Securities
NEW YORK
101
Cent Un Gas 6e g’27.JAJ $ 98
Con Gas (N Y)
See St k Exc h list
185
1|Mutual Gas
100 170
New Amsterdam Gas—
1st consol 5s 1948..J-J
N YAKRGas 1st 6a’44J-J
Consol 6s 1945
J-J
N Y & Richmond Gas.100
Nor Un 1st os 1927.M-N
1JStandard Gas com ..100
$ 95
$ 98
$ 95
33
$ 97
100
80
IOO
Amer Light A Tract.100
Preferred
100
102
92
11 Preferred
1st 6s 1930
M-N $102
98
103
100
36
101
_
106
4
50
99
Binghamton Gas 6s 1938 $ 94
deb
Brooklyn Union Gas
120
6s 1909 conv ’07...M-S 100
Builalo City Gas stocklOO
8
i>4
Exch
1st 6s 1947
See Stock
Con Gas of NJ 6s’36 J-J $ 89
Consumers’ L H A Pow—
5s 1938
,T-D $102
Elizabeth GasLtCo.. 100 275
115
Essex A Hudson Gas 100
40
Wayne 6s 1925..J-J
55
Gas A El Bergen Co.. 100
11 Gr Rap G 1st 5s ’15 F-A $ 99
B urt
Hudson Co Gas
.100
Indiana Nat A ill Gas—
1st 6s 1908
M-N
108
50
let g 6s 1952
A-O $
107 Hi Jackson Gas 5b g ’37. A-O $
Kansas City Gas
100
Chicago City Ry
See C hicago list
HLaciede Gas
100
Columbus (O) St Ry..l00
101
98
t Preferred
luO
Prelerred
] 00
Colum Ry con 5s See PI)
Crosat’wn lst63’33.J-D
Grand Kaputs ity
100
Preferred
100
J/ike St (Clue) El
see C
l! Louisv St 6s 1930.. J AJ
107
ila list
$105
60
80
hicago
$ 1U5 *2
Lynn A Bos 1st 5s ’24.J-D $103
21
IJNew Orl Rys A Lgt. 100
11 Preferred
Wen 51 g 4 4s ’35
100
68
See Stk E
North Clue Street See C hicago
Pub Serv Corj> of N J100
85
Tr ctfs 2°o to 6?o perpet
64
Coll 5s g notes ’u9 M-N $ 93
St Rv 100
*M-N
40
{
68
Cons Trao of N J...100
72
1st 6s 1933
J-D $103
New’k Pas Ry 5s’30J-J $108
Rapid Tran St Ry.,100 235
1st 6s 1921
A-O $ 105
♦ Buyer pays accr’d int. f Price
109
103 Hi
93
Bay State Gas
Indianapolis Gao
Buffalo Street Ry—
1st consol 5s 1931..F-A $106
Deb 6s 1917
A.O $104
70
116
98
OTHER CITIES
Afclan Ave 6s 1909..A-O $ 98
Con 5s g 1931
A-O $102
B BA W E 6s 1933..A-O
99
Brooklyn City stock... 10 195 205
Con 6s See Stock Excli list
Bkln Crosstn 5s 1908.J-J
99
90
Bkn Hgts lst6s 1941 A-O
Bkln Q (Jo A Su b See Stk Excli list
N ortli J ersey
1st 4s 1948
Ask
4s g 1949
M-N $ 69
So J Gas El A Trao 100 113
BROOKLYN
g
Railways
Pub Serv Corp N J (Con)
J C Hob APatersonlOU
103
Syracuse Rap Tr 5s 1946 $101
Trent P A H 6s 1943J-D $101
*1031® United Rya of StL—
Com vot tr ctfs
32
96
100
35 U
100
11 Preferred
673< 68
100
Gen 4s 1934....6’eeStk Exch list
JSixth Avenue stock 100
cons
preceding page.
List
73
103
68
73
1j2d income 6s 1915 J-J
Inter-Met—Nee Stock Ex oha’ge list
Lex A v & Pav F 5« See St k Exc list
90
80
Metropol Street Ry. 100
176
Ninth Avenue stock.100 150
160
165
8eoond Avenue stocklOO
102
111st mort 6s 1909 M-N $100
109
Consol 6s 1948
F-A $107
150
166
104
ou Boolev 6s 1945..J-J $100
BoFer 1st 6s 1919...A-O $100
103
Third Avenue See Stock Excli List
100
Tarry W P A M 5s 1928 $ 95
YkersStRR 5s 1946A-C i 95
100
1U3
28th * 29th Sts 1st 5s ’96 $101
325
375
St
100
UTwenty-Th’d
stk
106
Union Ry 1st 5s 1942 F-A $100
Westchest 1st 6s ’43 J -J $100
105
1st
on a
Latay’eGaslstOs^id.M-N
LogAWabV lst6s’25.J-D
107
Madison Gas 6s 1926.A-O
65
Newark Gas 6s 1944.Q-J
S3
Newark Consol Gas..100
listIl'Gon g 5s 1948
J-D
107
To Hudson L H A Pow—
105
5s 1938
A-O
24
O A IndCNatA Ill.
7 L
lBt 6a 1926
J-D
x list Pat A Pas Gas A Eleol 00
list
11 Con g 5s 1949
M-b
95
65
Electric Companies
94 4
50
70
73
N arragan (Prov) El Co 50
104
Y A Q El L APowColOO
109
Preferred
loo
J mted Electric of N J lou
4s 1949
J--D
list
9*2
120
45
68
100 4
110
16
20
68
95
97
99
99
50
92
$103
92
55
32
108
130
$129
89
91
105 4 1064
$102
22
65
$100
78
$
30
70
102
85
lucaao iist
110
120
t 95
98
55
65
70
78
40
70
68
$
70
974
963b
954
964
944
984
98 76
98
-
96 4
994
5100
5 984
5100
5 984
90 4
96
964
904
99
99
964
5100
Wheel’g A L E 5s ’08-F-A 5 96 4
Railroad
Chic Peo A St L pref.100
Deposited stoca
Undeposited stock
Prior Ben g 4 4s’30MAS
Con
«•••••
90
mlg g 5s 1930.JAJ
income 5s 1930
Chic Subway
100
Ft W A Den Cy std.,100
Great Northen (Jre
see
N Y N H A Hartford—
Con deb 34s 1966. JAJ
North’n Securities Stubs
Pitts Bess A L E
50
Preferred
50
H Railroad Securities Co.-
IU.C.stk.tr.cf8.8er.A’52
Seaboard Air Line—
Coll 5s ext May ’ll.M-S
Seaboard Co ....See Balt
60
5
194
95
Stk E
t
t
102
87 H 100
35
31
70
74
80
90
974
Exch list
Writing Paper. 100
Preferred
ioo
1st sfg 5s’19 op ’09. J - J
UBarney A Sin Car ...lou
^Preferred
ioo
UBethl’m Sieol Corp .luo
ioo
1i Preferred
Bliss Company com....50
Prelerred
50
Bond A Mlg Guar....100
Borden’s Com! Milk., loo
Preferred
ioo
British Col Copper
5
Butte Coalition Min.. 15
Casein Co of Am com.. 100
Preferred
lou
Casualty Co of Amer. 10 0
Celluloid Co
100
Cent Fireworks com.100
Preferred.
ioo
Central Foundry
loo
Preferred
loo
Deb 6s 1919 op ’01M-N
Century Realty
100
Chesebrough Mfg Co 100
City Investing Co
loo
IjClaiiin (H B) com
100
Ijlst prelerred
100
1i2d preferred
100
Col A Hock Coal A1 pf 100
1st g 5s 1917.
J-J
Col tr 6s Oct 1956..J-J
Consolid Car Heating 100
Cons Ry LtgARefng.100
Consol Rubber Tire.. 100
Preferred
100
Debenture 4s 1951 AAO
>w
stock.
'.Sells
ou
list
x
HFederalSugar.com.. 100
11 Preferred
100
UGeneral Chemical ..100
19 H
82
90
125
71
165
125
list
183
100
82
103
100
20
5
93
195
6
330
41
101
*2
20H2
83
63
139
12
50
145
134
360
165
110
N J Ter Dock A
104
45
10
12
12
5
9
50
54
80
64
96
60
90
70
99
*
t
f
14 4
14
I434
20
23
*
t
14
14
w
200
Preferred
15
100
974
1st g 5s June 1 ’22. J-D
55
98 4
Hecker-Jonea-Jew’i Mill
99 s,
1st 6s 1922
104
M-S
98 4
Her’g-Hall-Mar,uew. 100
1004 Hoboken Land A
IrnplOO 200
984
1I5s 1910
M-N $100
99 4
*
Houston OR
100
75
Preferred
37
luO
9741 Hudson
Realty
100 120
944 llngersoll-Ranu com. 106
52
977,
90
U Preferred
ioo
964
135
954 Internat’lBankingColOO
fllnt’n’l Mer Mar See Stk Exch
97
Internat’l Nickel
ioo 110
96
Preferred
83
100
98 41
International Salt....100
16
994
1st g os, 1951
60
A-O
984 International
6
Silver. 100
974
Preferred
65
ioo
994
1st 6s 1948
107
J-D
100 4
Lackawanna Steel...lou
52
98 4
Lanston Monotype
20 t 124
1004
195
Lawyers Mort Co
100
984 TjLehA
52
964 Lord A Wilkesb Coai.oU 125
100
Taylor
90 4
Preferred
98
luo
974 11 LorUlard
(P) pref ...100 125
91
Mackiy Companies See Stk E
994 Madison
15
Sq Garden..100
994
2d 6s 1919
76
M-N
97
4
HManliatt Beach Co.iUO
1004 Manhattan Transit
20
54
974 Mex Nat
13
Construe.pfioo
Mitchell Mining
3
lo
Monongahela R Coal..50 *....
Preferred
24 4
50
14
90
Mortgage Bond Co...luO
2
Nat Bank ot Cuba....100
98
100
National Surety
luo 155
66
Nevada Cons’d* Cupper.5
134
10
Nev-Utali Min A bin.lo
44
204
30
IINew Central Coal
20
105
$ 99
industrial and Jiiscel
Ahmeek Mining
25
80
Alliance Realty
luo 115
Allis Chalmers Co 1st m
8 f 5s ’.16 opt ’16..J.J
5 68
American Book
100
155
American Brass
loo
115
IjAmencan Can see Stoc k Ex
American Chicle Co..100
180
Preferred
lou
97
Am Graphopho cum..lou
41
Prelerred
ioo
80
Amer Hardware
100
117
Am Malang6s 1914.J-D
100
Amer Press Assoc’n.100
95
Am Soda Foun com.. 100
1
1st preferred
IOO
2d preferred
IOO
Am St Found 6s ’35 AAO
85
American surety
60 187 4
American Thread pref
4 4
AmTobac (new) com lou 320
Am Typefo’ra eoui...luu
37
Preferred
ioo
98
Amer
50
90
48 H
25
...
963<
937,
68
128
75
100
100
100
100
GuggenlieimExplo’n.100
*8*“
6*4
94
46
97
99?,
|
126
6
100
100
II Preferred
luo
Gold Hill Copper
1
Greene Cananea
20
Greene Con Copper... 10
Greene Consol Gold... 10
Greene Gold-Silver.... 10
*
<
Hackensack Water Co —
Ref g 4s 52 op 12...J-J i 90
914 Hall
60
Signal Co
100
914 Havana Tobacco
10
Co..loo
974
Erie 6s, Apr 8 1908
Interb R T g 4s 1908 M-N
5sMch 1910
M-S
Kan C So g 5s Apr’12 J - J 5s g 1910
M-S
Lake Sh A M So 5s’10 F-A
Lou A Nash g 5s ’10.M-S
Mich Cent 5s 1910
F A
Minn A StL g5s’ll.. F-A
Mo Pac 6a Feb 10’08. F-A
Nat of Mex 5s’07.opt A-O
N Y Cent 6s 1910.... F-A
Penn Cogu4 4s 1UU7M-N
PaRR 5s Mar 15 ’10.M-S
St L M So’east 4 Hs’09 J -D
StLASF g4V08...J-D
South’n coll tr 5s ’09. A-O
South Ry g6s 1910.. F-A
Tidewater Con Co 6sl909
U S RubbergSs’OS-.M-S
Wabash 5s, May 10 1909
Westingli El A M os. 1907
tuiectric Boat
Preferred
Electric Vehicle
Preferred
ry
4
674
908b
974
974
Chic A Alt 5s 1912... J-J
Ch R I A Pac 4tas’07.J- J
4^8 1908
A-O
Chic A W Ind 5s ’10 F AAj
Ciu Ham A1)4his’08.M*S
1
32
90
9738
CeutCross’n gu5s’09M-N
Ask
8
11
Exch list
28
88
90
96s-
LackSteeig5a 1909 ..M-S
Saturday
Monday
Tuesday
Wednesday..
Thursday
105
30
„
Listed
shares
105
5102
5101
OCU&StL 5s, June ’ll
Philadelphia
100
70
75
103
95
Biu
Cramps’ Sh AEn Bldgloo
1iCrucible Steel
100
UPref erred
100
"[/Diamond Match Co.IOO
Dominion Copper (new) lo
Douglas Copper
5
Preferred
$
Short Term Notes
Government bonds
State bonds
BR. and mis. bonds
lndiiMlrin! anil .Wiacei
Cons Storage Battery loo
Corn Prod Ref see Stock
Empire Steel
BA NY 1st Gs 1911. J-J
N Y A E R Ferry stk. 100
1st 5s 1922
M-N
N Y A Hob con 5s ’46.J-D
Hob Fy 1st 5s 1946 M-N
N Y A N J 2d 5s 1940. J -J
10 th A 23d Sta Ferry 100
1st mort 5s 1919...J-D
Union Ferry stock .100
111st 5s 1920
M-N
Am Tel A Tel g 5s ’10 J-J
Allan Coast L 6s’ 10.M-S
BuffRochAP g4 4s’09F- A
$403,800
24,642,400
55
114
115
so
100
Ferry Companies
Brooklyn Ferry stocklOO
BONDS
$18,000
1,304,600
17,037,000
55
105
72
96
25
HSouthern A Atlantio 25
Am Cig ser A 4s ’ll.M-S
Ser B 4a Mchl5 T2.M-S
$16,300
022,600
6,454,000
80
120
110*
11 Northwestern Teleg. 50
$19,938,250
61,323.950
50.120.500
41.701.500
40,234.650
232,325
Saturday
Monday
Tuesday...
Wednesday
Ask
Bid
75
110
113
75
45
110
Wentral
LXXXIV
14
l3*
*2104
92
674
114
20
66
107
45
LOS
8
43
135
145
list::
120
87
17
63
8
70
108
55
12»4
198
70
130
102
135
x list
22 4
80
0
54
17
04
8
’05**
103
170
134
5
40
Imp.100
N Y Biscuit 6s lbii.M-S 102 4
N Y Mtge A Security, lou 186
195
1jNew York Dock
ioo
35
*08
1, Preferred
luu
72
N Y Transportation...20 \
3
4
NRes-Bem-Pond com. 100 100
110
12
Nipiasing Mines
6
4 124
3 4
1|Ontario SRver
100
4
Otis Elevator eom....loO
36
40
Preferred
87
luo
92
Phoenix Securities
Pittsburg Brewing....50 t 264 274
Preferred
50 t 47
50
Pittsburg Coal See Stock Excli list
Pope Manufacturiug.loO
1st preferred
luo
2d preferred....... loo
Pratt A Whitn pref.. 100
Public Serv Corp of Va—
1st mg 5s July 1936 opt
Realty Assoc (Bklyu)luU
Royal Bak Powd prof, loo
Safety Car Heat A Lt 100
Seneca Mining
25
Singer Mlg Co
loo
Standard Cordage
1U0
lstM.g.5s.’3i red.. A.O
Adj us t. M .5 s. Apr 1,1931
Standard Coupler comlOO
1 *2
40
94
98
145
101
255
60
460
35
7
50
115
6
30
75
518
Preferred
lou
Standard Milling Co. 100
Preferred
IOO
1st 5s 1930
M-N
Standard OR of N J..100
Swift A Co Sec Boston St k Exc
1st 5s 1910-1914...J-J $
79
IjTexas A Pacific coal 100
1st 6s 1908
A-O $104
Title ins Co of N Y\.100 150
2
50
1*0*2*'
155
104
271
76
485
6
40
.
84
55
125
8
33
78
520
h’g#
101
85
160
Tonupah Min (Nevada).l * 14-4 15
Trenton Potteries comlOO
14
17
Preferred new
80
100
90
Trow Directory
35
10U
45
Union Copper
10 *
Union Typowr com..100
82
1st preferred
100 115
118
2d preferred
100 115
118
s1* United Bk Note Corp..50 t 58
02
Preferred
60
60 H 514
24 Si
4
85
H United Jig aiMfg.,pf. 1U0
2H
90
United Copper
70
80
68
100
684
Preferred
130
140
100
85
95
U. S. Casualty
128
135
100 225
10
U S Envelope com...100
15
30
65
75
97’n 100
1i Preferred
luo
2
2V U S Steel Corporation—
13
14
CoitrsI5a’51 opt ’ll
$110
111
72
74
Coltrs f 5s ’51 not opt.. $110
111
U S Tit GuA Indem.lOl)
185
195
100
1
400
425
IjUtah Copper Co. See S Ik Ex list
93
97
35
Waterbury Co, com..luo
40
Prelerred
loo
98
*100
100
90
95
Westchester
A
Bronx
93
Title A Mort Guar. 100
1674 1724
74
31
Western Lee
100
*75
32 4
82
to
Westmgh Air Brake..50 142
97
1J West El A Mfg—5s See Stk E x
40
45
While Knob Min
10
4
3
Preferred
4
2
10
24
5
6
Worthing Pump oral. 100 114
120
20
25
35
40
10
30
135
130
340
160
107
8
24
85t*
*4*6''
..
lulHa1
si’k Exch., but not a very active securitr
iiaV
June 8
1361
THE CHRONICLE
1907.]
|twjjestment a ltd Railroad intelligence.
STEAM railroad from which regular weekly or monthly returns
the latest week or month, and the last two
such latest week or month. We add a supplementary
not begin with July, but covers some other
table shows the gross earnings of every
The following
EARNINGS.
GROSS
RAILROAD
be obtained.
The first two columns of figures give the gross earnings for
oolumns the earnings for the period from July 1 to and including
statement to show the fiscal year totals of those roads whose fiscal year does
can
brought together separately on a subsequent page.
The returns of the street railways are
period.
Week or
Month.
ROADS.
Current
Year.
.
Year.
,812,385 2,574 ,708
51 000
55,000
2d wkMay
,368,873 1,195 937
23,000
24,000
2d wk May
,428,187 1.111 ,683
22,000
24,000
Vicksburg Sh & P|2d wk May
24 ,440
35,770
3,830
3,877
Ala Tenn & North.. March
8,420,356 6,740,879177 ,432,992; 67,031 ,712
k Atch Top & S Fe. April
379.921
,217,925 3,111 ,390
378,279
March
Atlanta & Chari
915 008
,307,500
101,934
148,758
Atlan Blrm & Atl’c. April
,401,746 20,464 ,632
2,444,400 2,139,462
Atlantic Coast LlnejAprll
7,107,070 6.304,733:67 ,076,987. 64,002 ,210
Baltimore & Ohio.. April
1,824 704
251,932 2 ,378,012
325,122
Bangor & Aroostook March
49 ,326
48,486
3,132
4,079
Bellefonte Central.. April
35 725
35,514
3,411
3,733
Bridgeton & Saco R March
,770,222 7,338 ,259
125,017
254,527
Buff Rock & Pitts.. 4th wkMay
1,306 ,233
,514,391
97,908
168,127
Buffalo & Susq
April
,530,000 4,951 ,000
191.700
319,200
Canadian Northern. 4th wkMay
,351,677 56,158 ,404
Canadian Pacific
4th wkMay 2,232,000 1,792,000
,287,063 10,546 874
302,100
308.300
Central of Georgia.. 4th wkMay
.784,664 20,033 ,507
2,335.095 1,306,867
Central of N Jersey. April
125 814
152,254
4.177
4,841
Chattan Southern.. 4th wkMay
089
2,209,621 2,005,871 20 ,975.238 20,210,
Chesapeake & Ohio. April
29 ,376
40.128
4,582
7,408
Chesterfield Sc Lane March
771,398110 ,773,188 9,852, 416
996,979
Chicago & Alton Ry April
231,940! 8 ,703,878 8,094 615
242,991
Chic Great Western 4th wkMay
5,248, 701
115,679 5 .302,601
115,931
Chic ind & Loulsv. 3d wk May
»___
____
....
N Y C & Hud River May
Lake Shore & M S May
Lake Erie Sc West .May
Cldc Ind Sc South |May
Michigan Central, i May
Cleve C C & St L ! M ay
Peoria Sc Eastern IM,tty
Cincinnati North jMay
Pitts Sc Lake Erie*Mav
Rutland
'May
N Y Chic Sc St L.iMay
N Y Susq Sc West..iApril
Norfolk Sc Western.;April
Northern Central..!April
Northern Pacific
April
Pacific Coast Co
April
d Penn—-East P Sc E April
d West of P & E_ April
Peoria & Eastern.. —Sec
Pi la Balt & Wash.! April
Chic .St Paul M &0.
Chic Term Tran RR
Cin NO & Texas Pae
Cincinnati Northern
Olcv Cln Chic & St L
Corolado Midland._
h Col & South Sys__
Col Newb & Laur__
2cfwk
4
Mayl
1 ,486,278!
31,610
1,501
872
888
265
Rn 11 way
—See Sout 1 hern
—See New York Ccm tral.
—See New York Con tral.
March
....
['March
Copper Range
'April
Cornwall
Cornwall & Lebanon; March
Denver & Rio Gr
;4th wkMay
Detroit & Maeklnac\4th wkMay
Dot Tol & Iront Sysj3d wk May
Dul So Shore & Atl. i4th wkMay
__
056,315 1 .777 ,577
154,961
256,808 12 225,136 10,667 ,252
224 ,362
244 537
28.5948
505 373
595,678
50.651!
183,338
302,379
33,848
69,114
18,892
41,684
April
4th wkMay
__
182,828.
362.0611
15,032!
41 ,512
554,000,19
37.611
35,4831 1
85,072! .73,277 3
86,443] 3
118,940!
4,671,405 3,517,262 41
Eric
| April
island
S.ystcm.
!
Evansville & Ter Hi—See Rock
Fairchild &N E
Fonda Johnst&Glov
591,1001
Georgia RR
Georgia South & Fla
Grand Trunk Syst._
Gr Trunk West..
Det Gr II Sc MUw
Canada Atlantic.
Great Northern
Montana Central.
Total system
Gulf & Ship Island.
Hocking Y alley
Illinois Central
Inter Sc Great North
alnteroceanlc (Mex)
Iowa Central
Kanawha & Mich..
Kansas City South.
Lake Erie & West’n
Lake Shore & Al Sou
1,456'
1,648
[March
56,724 i
March
! April
|
290,966'
,191,660
,794,709..
,007,030
52,528
237,0461 2
224,480;
,134,214
36,168!
15,639,542 4,381 .023;50
May
45,3«9j 2
45.647;
May;
3d wk
April
j 613,233 385,145
4,741,286 4,233,91 2
April
191,025
4th wkMay
192,000
220,524
4th wkMay
204,462
81,863
81,154
4th wkMay
153,001
219,159
April
678,737
862,G35|
April
Lehigh Valley
Lexington & East._
Long island
Louisiana & Arkan.
Louisville Sz Nashv.
Macon & Binning.
Manistee Sc No East
Manistique
—See New
—See New
York Cenjtral.
York Cen t tral.
April
Apt 11
3.069,581:1,817,144
57,599
43,694
-.
“
29
_
17 ,950
338
,165
,164
,966
,093
,762
,781,9 U);47,585 ,855
,210,598 1,893 ,853
,563,460 5,439 ,465
865,634 43,077 ,045
019,380 6,255 ,321
570,992 5,839 ,665
903,891 2,716 522
931,752 1,783 237
547,987 6,325 ,257
474,185
See
|
92,9.84
13J.7ou
Soul'hern iind
1.130,479
17,039
768,386
j
,9211
Moll 1
to
Meh
1
l
1
1
1
1
1
1
1
April 30
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
1.
to
M0 y
l
to
1
1
l
1
to
May
May
May
pan
Man
Jan
Jan
Jail
Lake Shore Sc Michigan South Jan
Lake Eric & Western
i1 Jan
Chicago Indiana Sc Southern.'■Jan
Jan
Michigan Central
Manistique
Mexican Railway
Mexican Southern
Ncw Y ork Cent ral
■
Jan
Jan
Cleve Cln Cldc Sc St Louis
Peoria Sc, Eastern
Cincinnati Northern
Pittsburgh Sc Lake Erie—.
Jan
Man
:J a n
Rutland
New York Chicago Sc St Louis''Jan
‘Jan
Northern Central..
-Jan
cl Penn—East of Pitts Sc Erie
1
d West of Pittsburgh & Eric..); Jan
PL!fa Baltimore & Washington. Man
1
Man
Philadelphia & Erie
4 00
Pitts Cln Chicago & St Louis.
Rio Grande Junction
Texas & Pacific
West Jersey & Seashore
..
Jan
: Dec
1'.Tail
Man
49,347,866
9,839,025
7,565.348
3,620,579,
1,895,851
1,118,430
8,635.634
3,996,832
3,494,073
1 192,434
3.813,753
36,637
618,390
7,420,552
3,338,540
1,613,810
863,681
15,422,857 12,086,378
64.36S
60,144)
1,167,205)
3,775,33 b
48,429!
707,18
l1
Year.
Period.
Atlanta & Charlotte Air Line...
Bellefonte Central
Manistee & Northeastern
8,263,575
1.369,378 1,202" 028
102748811187,423.626
51 921,068
Current
8: Ohio
964 ,619 10 ,002,304: 8.997 202
Nashv Ohatt Sc St I.' April
412,946 14 ,450.014 12,058, 782
4th
565,006
wkMay
a Nat RR of Alex lev
Dpi 099
35,038
26,771
1th wkMay
Hidalgo Sc n
203,044!
177, 79 i
3,933'
3,702
2d wk Apr
Ncv-Cal-Oregon;.
30 918
50,07 2i
5,692
6,540!
Nevada ‘Central
t March
N Y Chic <Sc St Louis! —See New York Ccn tral.
707,503! 343,017 6,781,045' 0,903,174
N Y Ont Sc Western'April
Mobile
667.042
Various Fiscal Years.
on
'1th wk.Mayjl .5S3.000 1 ,S1 2;00<)M 1 ,639,629140,962,
743
—
178,614
389,114
182,824
12,96."
430 ,478
..
ilci'cnib'.r
9,697.327
12,206,059 11.323,134
62,518,034 50,107,330
825,458
867,061
24,938,676 22,694,040
4.339.584
157,863 5,083,181
398,114 4,399,084 4.111.584
109,028 5,555,857 4,809.087
94,300
87,172
13,789
584,637 6,180,622 5,904,298
179,197
196,122
14,862
751,654 8.061.839 7,226,124
,500,445 27,198 ,658
4th wkMay
C-(
1.29,7,400
_
& Sea.(April
Wheel & Lake Erie. 14th wkMay
W’msnovt & N Br.. j December
Wisconsin Central..! April
Wrlghtsv & Tennillc! April
Yazoo Sc Miss Valley (April
.
K
.
Maryland.(4th wkMay
.....
Total
Inc.
5,362,014
6.015,592
128986970 117554170
Inc. 6.70 3,600
York Ceil tral.
New
Western
West Jersey
_
b Mobile .lack &
479,460
631,7051
133703881 10249188
..
120,2641
96,416
1,296,500 1.267,958 44 ,158,888 39,359 ,117
139 ,254
141,535
10,847
j
12,193
April
4 4,654
44,000
March
74 ,057
63,728
5 132'
7,875
April
301 ,773
297,627
34,2171
31,765
Maryland Sc Penn.. April
2,920,991'2,500,372 25 ,496 125 23,315 ,445
a Mexican Central.. April
256589
237,073 7 ,685,830 6.063 324
a Mexican
Tnteniat 4th wkMay
154,500
128.400 6 .565,200 5,709 ,300
a Mexican Railway. j2d wk May
25,265'
23,930 1 .139,705 1,080 180
a Mexican Southern 3d wk May
tral.
Michigan Central
(York
!—See New
Ccv
723,503
681 051
21 .059
:4th wk May!
Mineral Range
30.290
1 nr. .288
.506,692 3,399 992
108,277 266,390111
Minneap & St Louis 4th wk.Mrv;
,599,352110.511 899
Minn St P &‘S S U.’ Uh wkMay!
277,727
671,648 24 ,070,793' 19,539 659
838,619
Mo Kansas Sc Texas 4th wkMay
297
Mo Pae Sc Iron Alt..'4th wkMay 1,537.000 1,45:),000|43 ,181,307 39,218 313
Central Brancli__;4th wkMay.
46,000,
62,000 1 ,508,322! 1,744,
April
237,574 2,773,363 2.857,768
949,216
849,085
86,303
1,300,193,1,314.532 13,089,878 12,471,824
227,120 2,648,535 2.429,864
272.168
891.002| 844,236 9.415,663 8,860 188
185,500| 2.552.510 2,301,886
276,118
2.681,21912,408, 142 5.542,391:23.452.518
1,101,1021 722,602 10,279,481 i 9,123,881
6,160.25815,001,557 56,226,320 51,354,532
86,2631
Railway._!April
_
Inc.713, 763
851 ,150
983,910
Inc.fH. 868
March
4G9jl,9S9 663 23,348,319 21,609 464
53,4301
—See Pock |1 Island Sytab ’-t.
292.716! 268,3871
4th wkMay
1,615 557 1 452,601
March
34.347
30.748
April
140,911
97,364
Southern Indiana.. April
10334295 8,662,723
April
c Southern Pae Co.
Southern Railway.. 4th wkMay 1 525 353 1,480,310
400,728
357.561
Mobile Sc Ohio
4th wkAlay
170.937
177,414
Cln N O & Tex P_ 3d wk May
75,873
67,849
Ala Great South. 3d wk May
157,786
189,423
Georgia So Sc Fla. April
22,351
14,259
Texas Central
;
3d wk May
490,096
379,819
Texas Sc Pacific
4th wlcMay
8,513
6,154
Tidewater & West. March.
205,041
408,169
Toledo Sc Ohio Cent April
39,763
34,925
Toledo Peo & West. 4th wkMay
107,235
103 306
Toledo St L Sc West 4th wkMay
0,502
4,596
Tomblgbee Valley.. March
80,578
61.146
Tor Ham Sc Buffalo April
:
Union Pacific Syst. April
89,726
96,947
Virginia Sc So West.! April
703,184
738,225
Wabash
4tii wkMay
537 024
,573,716! 2,420 212
—See Soutjhern Rail'way.
4th wk May 11,303.633 1,156,092139 ,859,745 36,100
3d wk May
104,188
88,702' " ,341.031! 4,787
,594,530 1,408
3d wk May
25.597
25,135
,723.206; 1,708
3d Wk May!
44,494
,259,568,45,082
Mav
J5,407,702 4 158,354
,522,372 2,503
Mav
I 231,840 222,660
2 292
St Louis Sc San Fran
St Louis Southwest.
Seabca d Air Line..
Sierra Railway
170 173
346 ,051
17,882 780
1,049 863
3,676 561
2,777, 006
41,398 166
13.731
576,843
S
8,418,60517.250 241187.157,177 82,135,615
3,770,609 3,652,111 39 735,715 37,483,666
415,4491 400,445| 4,697,073) 4.870,840
244 806
168,5491 2,431,110 2,055,025
2,371,4 60! 2,099,087; 25,114,299123,002,410
Coal Sc Iron Co.. April
,537,679 45 ,747,193 41,965 277
33,191
S
Previous
Year.
Cu rrt nt
Year.
Year.
3,998 ,069 2.461,844135.541,645 33,670,065
4,121.379 1 .074,565 82,010.458 27,995,517
8,119,4 4 8 •: 3,5 3 6,4 0 9 0 7,5 5 2,10 3 61 ,6 65,5 8 2
Total both cos
j April
171.985! 145,996; 1,366,223 1 .211 ,191
Rich Fred Sc Pot. ..'March
505,170
67,19Sj
48,300
618.796
Rio Grande June
.March
517,507
16,122
15.675!
556,401
Rio Grande South..! 1th wkMay
43.135.736
5,030.048i 3.800,204149.759,439
Rock Island System! April
14,340,007,3,147,838 41,503,093 33.444.736
e St L Sc San Fran April
I 190,512
159 705 1,909.635 1 .816.461
/ Evansv & Tor Ii April
Total of all lines. April
;9,560,568 7,107.747 93,172,174 80,390 934
Rutland
—See New I1 York Gen tral
140,3201 110,S64] 1,306,794 1,159,960
St Jos Sc Grand I si. March
Reading
York On tra!.
j5,410,595 5,148,018'57 ,123,691152,585
956,842 11 ,831,653! 10,904
Previous
1,435,778 1 235,473 13.716,974 12.468,474
595,663! 543.723 5,923.797 5,807,016
Philadelphia <5c Erie! February _
2,747,074:2,267.892 25,055,321 23,510,733
Pitts Cln Chle& St Li April
Pitts tc Lake Erie!—Set; New York Cenjtral.
46.227
72,90 1
10.6241
0,648
Raleigh & Southport; March
....
15,035.811
Current
Year.
_.
.....
Chic Ind & Southern —See New
Chic MUw & St Paul March
Chic <Sc North West. April
Week or
Month.
ROADS.
Previous
Year.
Current
hern Rail way.
—See Sout
Ala Great Southern
Ala N O Sc Tex Pae.
N Sc O N East
Ala & Vicksburg.
Previous
Year.
July 1 to Latst Date.
Latest Gross Earnings.
July 1 to Latest Date
Latest Cross Earnings.
31
Meh
31
Previous
Year.
378,279
19,402
379,921
136,48 2
133,406
18.173
22 976
18,423
2,974,900 2,547,300
500,852
21
529,354
31 38,246,635 35,229.579
19.799
17,0
31 17,798,433
31 2,009,64 2 2,122.918
976,854
1,24 1,049
31
31 11,457,855 10,445,700
9,322.727
31 10,115,925
1,175,640 1,203,949
31
35 1 503
397,250
31
31. 5,655,540 5,687,380
1,117,196 1 .01 0,067
31
31 4,399,'54 4.094 369
4 008,727
3,4 78,627
39
;;o 50,573,929 15,607,029
Die.
2.6
32,104
30,
.*’.')) 5,211 .236 •1,78 1,536
28
1.225.4 59 1.175,358
30 10,31 7.296 9,801.521
196.825
2 5 5,2 <5 6
3!
31
7,111 .737 5,6.1! <)71
30 1,340,278 1,263,278
April 30
14
May
Mav
Mav
hi ay
May
May
May
Mav
.Way
to
to
to
1
to
1
to
1
to
1
to
1
to
1
to
1 to
April
April
Ap:I!
An :i
Feb
A nrll
Meh
Mav
April
1
i
AGGREGATES OF GROSS
|Cur'nt Year\Prev's Year.
!
10,149,406'
$
3d
4th
1st
2d
3d
4th
1st
2d
3d
4th
Meh
Meh
April
April
week April
week .April
week May
week May
week May
week Mav
week
week
week
week
(44
(41
(42
(41
(43
roads)
roads)
roads).
roads).
roads).
(47 loads)
(43 roads).
(41 road-9.
(41 roads).
(37 roads).
1
)
1
Monthly Summaries.
14,766.658
9.726.621
10,329,969
10,414.820
EARNINGS—Weekly and Monthly.
Inc. or Dec.
%
s
s
8,978.802
13,485,514
8.688.04 9:
9,045,571'
9.069,753;
+ 1.284,398 14.19
+ 1,3 15.090,14.82
10.262.925
8,858.051 j
10.326,105
15,297 593
8,911,372 i
+
21.98
15.61
15 74
1,414,733 15.88
13,399,7811
+
1,897,812 14.09
12.437,8521
8,799 083j
Month
Month
Month
Month
Month
Month
Month
Monti)
Month
Month
Mexican currency,
of Denver Enid & Gulf
Fe Prescott Jc Phoenix
!
%
S
.
•>th
b Includes
RR., Pecos Syst ;m and Santa
Inc. or Dec.
5
20,322,896113.73
1996 (117 roads).lies,335,461!'148 ,01 3,565 +
,865,022 + 19 ,356.92.‘ 12.11
1906 (118 roads) .;179,191,9457.58
+
12.997.95i
1906 (1 2.2 roads) I1S4.551.471 171 553.520
+ 3 9,3 27.962 10.77
1906 (119 road-9 [IDS,733,229 179 405,267
O 't
6.24
+ 10,971 ,239
Nov 1906 (123 roads) 1186 598,274 175 ,727,985
7.00
+ 13.-188 8? 6
1906 (127 roads) ! 18 1.235.5 >5! 179 ,7 4 6 76 •
Bee
+ 10.583,422! 6.51
,623
.883
1907
(1
23
roads).
|
2.395'162
173,21
Jan
4-9.728 -HOli 6.05
Feb 1907 (122 roads). 162,283 ,992'152 ,555,191
9.05
+ 15 ,894 ,525
Meh 1907 (118 roads), 180.539.532)164 ,645.009 +
11,044,52 7 16.12
April 1907 ( 65 roads).- 79.566.158* 68 ,521.031
July
Aug
Sept
earnings of Gulf Sc Chicago Division, c Includes the
e Includes the Chicago Sc Eastern Illinois in both
years,
d Covers lines directly operated,
earnings of Col. & South., Ft. Worth & Denver City and all affiliated lines, excepting
a
I
;Cur‘nt Year1
Monthly Summaries.
\
1,170,604 13.15
9.49
+ 1,280,144
+
+ 2,733.531
+ 1.371.871
+ 1 ,404,874
15,171.383
10,161,954
1
Ry.
Utc3
lion Lon <Si Texas Central and Its subsidiary line MuarUiUjgs
In both
k Includes
Sc Indiana
RR.year.; In
years. / Includes Evansville
Trinity <3s Brazos Valley RR.
THE CHRONICLE.
1362
—Gross
Current
Year.
Latest Gross Earnings by Weeks.—In the table which
'follows we sum up separately the earnings for the fourth
week of May.
The table covers .37 roads and shows 14.09%
increase in the aggregate over the same week last year.
Fourth
week
oj
191,700;
1,792,000
302,100
2,232.000
308,300
4.84L
242,991;
302,379
591,100!
Chattanooga Southern
Chicago Great Western
Colorado & Southern
Denver & Rio Grande
Detroit 6c Mackinac
Duluth South Shore & Atlantic.
Grand Trunk of Canada
j
Grand Trunk Western
}
Detroit Gr Hav 6c Milwaukee j
Canada Atlantic
J
•International & Great North’n.
Interoceanic of Mexico
Iowa Central.
Louisville 6c Nashville
Mexican International
Mineral Range
1
118,940
32,497
,303,633
1,156,092
147,541
46 ,000;
400 .728!
565 ,006 j
26 ,771;
16 ,122
292 .716
62 ,ooo!
357 ,561
442 ,946,
35 ,633!
15 .675!
268 ,387:
1 ,480 31 o!
379 ,819'
34 ,925;
103 ,306!
703 .184
157 .863!
109 ,028!
Texas & Pacific
|
Toledo Peoria & Western
ouis 6c Western
Wabash
Western Maryland
l
Toledo St I
;
Wheeling 6c l^ake Erie
I
i
i
266
671
,396!
.648!
1,450 ,000!
,525 ,353
490 ,096
39 ,763
107 .235
738 .225
178 ,614
182 ,824
709
,863|
28.542
9.231 j
3 039
111,331!
216,971;
87,090
16,000
43,167;
122,060
797,932
7,762,363
Apr
749,322
7,046,978
707,458
6,945,196
Ala Gt Southern .a.
July 1 to Apr 30
Apr
355,063
3,404,787
305,223
3,141,594
Georgia Sou & Fla.. a-Apr
189,423
1,895,831
July 1 to Apr 30.
West Jersev 6c Sea Sh. b. Apr
389,114
Jan 1 to Apr 30.
1,340,278
157,786
1,613,810
348,545
.
-
|
.
667,042
6,189,622
Apr
768,386
8,061,839
-
_
July 1 to Apr 30.
-Apr
—
.
.
25,617
19,493
380,79 2
188,830
1,662,476
54,264
609,971
129.7 54
398,114
10,854
1.268,278 dcfl68,140
584,637
256,643
5,904,298 2,203,909
751,654
7,226,124
234,360
210,277
2.121.518
136,505
1,029,962
78,188
1,297,643
8,802
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, etc., with the surplus above
or deficit below those charges:
—Int., Rentals, &c.—
Current
Previous
Year.
Year.
24,3291
45,043
$
Roads.
110,277;
4.8381
Chicago Great Western. .Apr
182,540
1,778,683
July 1 to April 30.
Denver & Rio Grandel. .Apr
344,134
3.527,299
July 1 to April 30..
"3,929
_
35,041’
20,751
73.796!
.
4 1 .633
...
.Anr
73 223
Hocking Valley
647,904
July 1 to April 30
Nashv Chatt 6c St Louis Apr
149,018
1,493,467
July 1 to April 30..
..
.....
For the month of
follows:
203,861
2,523,727
c. The heavy Increase In expenses In 1907 Is ascribed to the continued con¬
gestion of traffic caused by storms and washouts: also higher price of fuel
447;
.! 15,297,593 13,399,781 1 ,939,445
I
!
11,807 812:
Total (37 roads'
Net Increase (14.09%)
976,360
8,889,845
718,202
592,980
9,912,155 12,120,777
and Increase In wage schedules.
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
19,516!
"
3
Cine N O & Tex Pac .a
July 1 to Apr 30
Yazoo & Miss Valley.a
16,062
,524
$
253,219
2,789,884
160,049
1,340,651
60.600
630,164
Wisconsin Central.b..
July 1 to Apr 30.
975'
191 .025!
220
81
1.267 ,958
237 ,073
21 ,059'
105 ,238
1
—
$
4,768,457 4,356.062
47,222,709 44,816,191
.Apr
.
—
.
—Neel Earnings
Current
Previous
Year.
Year.
Previous
Year.
—
,500!
256 ,589
30 ,290;
10* ,277;
377 .727;
888 ,619,
1,537 ,000,
Hidalgo & Northeastern
Rio Grande Southern
St Louis Southwestern
Southern Railway
July 1 to Apr 30.
Mobile & Ohlo.a
July 1 to Apr 30
2.128
35,483
86,443
1 ,296
Minn St Paul & S S M
Missouri Kansas & Texas
Missouri Pacific & Iron Mtn
Central Branch
Mobile 6c Ohio
National RR of Mexico
664
11,051
45,571
36,500
256,808,
192 ,000
204 ,462:
81 154
Minneapolis & St Louis
4,177!
LXXXIV.
8,662,723 C2,877,053
2,876,780
AprlO.334,295
102,748,811 87,423,626 35,976,880 29,467,719
Southern Railway system—
Southern Railway_a ..Apr
129,510
127,500
440,000
6,200
Earn’gs
$
Pacific.a
July 1 to Apr 30
$
231,940!
554 .600,
37,611|
-
-
125,017
319.200'
—
$
$
$
254,5271
Buffalo Rochester 6c Pittsburgh
Canadian Northern...
Canadian Pacific
Central of Georgia
Roads.
Southern
Decrease.
1906.
1907.
May.
[VOL.
May the returns of 46 roads show
as
Norfolk 6c Western.
July 1 to April 30
.Apr
.
of
Net E'ngs.—-
Current
Year.
$
173,087
Previous
Year.
$
12,112
412,605
1,713,156
-
$
def35,543
427,342
341 ,637
d208.064
d324,690
3,457,064 dS,276,558 d3,031,032
64,077
X124.398
X20.427
653,999 xl,254,711 Xl ,496,008
148,500
1,493,006
414,376
3
60,061
578,417
742,869
591,433
5,561,240
6,048.781
•
353 207
401 207
3,879,955
.
—Bal.
71,999
577,054
dc r3.346
/16.497
13,600
/16,675
3,259
t66,604
47,522
/66.919
after allowing for other Income and for discount and
of $10,000 is deducted every month from surplus and
Pocahontas Collieries... Apr
Jan 1 to April 30.
.
Month of
1907
May.
1906.
Increase.\
S
Gross earnings (46 roads'
67,996 877 5
;
§
8,990,60419,006,2731
It will be* seen that there is a gain on the
in the amount of $9,006,273, or 15.27%.
roads
15.27
repon.ng
d These figures arc
exchange.
The sum
placed to the credit of the renewal fund.
f Includes sinking fund and preferred stock dividend,
x After allowing for other income received.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross
Earnings.
Jan.
1
to
latest
date.
Net
Earnings Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
month in tip s* columns, and the latest statement, of
this kind will be found in the issue of May 25 1907.
The
next will appear in the issue of June 22.
once a
Gross Earn’ds
Envious
Current
Year.
Roads.
Atlanta BIrm
6c
$
Atl.
27,212
235,866
687,689
7,406,561
194,652
2,191.288
137,544
39 816
2,056,345
154,961
1 ,777,577
493,147
20,438
449.573
Apr 1,054,099
.11.153,687
882,777
9.728,796
305,255
3,232,551
2,931,626
._
.Apr
July 1 to Apr 30
July
.Apr
..
.
•Colorado Southern .a
July 1 to Apr 30.
148,758
101,934
1,307,500
915.008
785,020
7.991,892
-
Midland.a
1 to Apr 30
.
183,338
.
.
Previous
Year.
S
38,749
319,219
Apr
July 1 to Apr 3
Colorado
Year.
$
Net Earnings——Current
Year.
i
.
2,140,498
219,424
•Cornwall
15 032
a
8,840
7,981
-Apr
18.892
87,334
July 1 to Apr 30.
182,828
170,173
85,310
1 ,556,181
Denver 6c Rio Grande.b .Apr 1,717,165
543,808
665,223
6,561,088
6,243,250
July 1 to Apr 30-_.17,495,666 16,201,180
891 ,822
Eric .a
3,517,262
1,451,024
.Apr 4,671,405
July 1 to Apr 30
..-44,134,214 11,398,166 12,224,530 11 ,601 ,786
52.528
Fonda lohust 6c Glov.a. Meh
56.724
22,926
23,879
576,843
July 1 to Me It 31
537,024
255,255
273,425
Hocking Valley a
197,621
385,145
76.673
Apr
613,233
1 .943,420
July 1 to Apr 30
5,563,460
5,439.465
1,662,432
Illinois Central .a
4,233,912
.Apr 4,741,286
1,203,33 T 1 ,091 ,031
46.865,634 43,077,045 13,603,252 13,155,678
July 1 to Apr 30_.
Week or
Month.
nAmeriean Rys Co
cAur Fllgin & Chic Ry
April
April
Binghamton Ry
Blrm Ry Lt & Power
Brockton & Ply .St Ry
Cape Breton F)lec Co.
April
April
.
Current ! Previous
Year,
%
i
S
i
223,124' 203,882
__
101 .198
April
April
Chicago & Alilvv Elec. April
.
.
_
-
-Apr
555.772
180,774
599,874
172,372
1 .512,734
5,192,703
July 1 to Apr 30.
5,932,878
1,547.580
1 9 ,732
Lcxlng'ton & Eastern b».Apr
43,694
22,332
57,599
474,185
193.940
July 1 to Apr 30.
430,478
184,529
3 542,044
1 ,008,947
Louisville 6c Nashville. (.Apr 4 ,044,081
908,500
40,172,613 35,519,604 10,788,943 10,301,030
July 1 to Apr 30.
Mexican International .Apr
672,857
294,648
846,021
312,950
6,012,785
2,630,221
July 1 to Apr 30
5,926,203
2,285,331
Minn St P & S S M.b
959,702
483,712
419,668
.Apr 1,236,428
July 1 to Apr 30.
10,446,447
9,621,496
4.983.473
4,454,367
Nashv Chatt 6c St L.b .Apr 1,130,479
964,619
209,079
220,499
July 1 to Apr 30.
8.997,262
.10,002,364
2,071,884
2.235,875
1,184.849
516,005
468,758
.Apr 1,484,497
4 ,357,559
12,885,548 11,386,673
July 1 to Apr 30
4.647.861
Hidalgo & Nor’c’n
.Apr
79,575
18,762
825.977
July 1 to Apr 30
220,146
N 5' Susq 6c Western.a .Apr
62,192
185.500
55,297
276,118
2,301 ,886
2,552.510
July 1 to Apr 30..
713,420
682,976
Norfolk & Western-b-. Apr 2,681.219
2,408,442
992,640
930,261
.25,542,391 23,452,513
9.441 .195
July 1 to Apr 30..
9,463 157
Northern Central.b
722.602
235,554
.Apr 1,101,102
125,654
Jan 1 to Apr 30_.
4.008,727
3,473,627
584.762
536,762
Pacific Coast
1 16,233
479,460
Apr
631,705
87,201
1 ,218,823
1 ,174,009
July 1 to April 30
6,015,592
5,362,014
Pennsylvania—Lines dlirectly operated—
l ast of Pitts & Erie .Apr 13,370,388 10,249,188
3.384,156
2,973,856
Jan 1 to Apr 30..
50,573,929 45,607,029 1 1.469.373 12 026,073
West of Pitts & F
Inc 170.100
Inc 1 .297,400
.Apr
Jan 1 to Apr
Inc 2, ,632,100
Inc 21 )3,800
.
.
~
.
...
.
.
...
.
.
Phlla Balto 6c Was!
Jan 1 to Apr
.
May
April
April
58.089
87,3241
5,211,236
Pocahontas Colllerl
.Apr
Jan 1 to Apr 30..
'Southern Indiana.b.
J u 1 y] 1 |to]Apr|3 0
.
50,155
57,014
71 ,520
18,202
47,394
78,327
19,470;
January __J
3d wk May
3d wk May
4th wkMay
6 458
119.344
22,463
161 .203
Current
Previous
Year.
Year.
i
%
778,414
327,939
83,413
592,111
16,962
54,744
197,391
206,302
177,503
853,828
378,384
85,886
721,765
18,509
50.492
217,254
219,271
248,233
318,348
71 ,543
203,728
354,351
63,440
176.000
78,327
87,324
0111 ,796
110,914
21,377
2,295.531
312,879
288 688
635.762
114,140
2.018,695
573.955
March
40,538
148,230
30,381
April
93.940
79,543
360,958
27,065
263,862
9,166
32,219
19,308
76,050
311,631
56,958
19,737
726,318
18,434
639,130
118,654
51 T>64
150,597
1,105,323
11 1,245
April
Galveston Electric Co March
Georgia Ry & Electric April
Hartf 6c Spring St Ry February
Havana Electric Ry Wk June 2
-
85,524
235,372
9,140
27,446
Tr &
April
Houghton Co .St Ry.. March
Houston Electric Co. March
Illinois Traction Co__ April
Jackson Consol Trac. March
Jacksonville Elec Co. March
Kan City Ry 6c Light April
Lex & Inter R.vs Co.. April
Madison & Int Trac._ April
Manila ElccR&L Corp March
Met West Side Kiev
May
wk June 1
April
April
April
April
April
May
..
Puget Sound Elec Ry
Rio de Janeiro Tram
Light 6c Power
Rockford 6c Into
St Joseph (Mo) R_
H eat 6c Power Co..
Sao Paulo Tr Lt & P
Savannah Electric C
South Side e levated
Syracuse Ran Tr Ry.
Tampa Electric Co.
Terre Haute T & L C<
Toledo Rys & Light
Toronto Railway
Twin City Rapid Trai
United RR of S F..
United Rys of St L._
..
15,251
44,327
225,083
10,191
25,439
435,908
40,049
8.865
72,500
211 ,939
270.479
46,614
78,000
234,705
April
.
28,057
201415
55,226
277,724
11,115:
34,206
472,666
40,852
11,500.
April
Montreal Street Ry
Nashville Ry & L'ght
N J & HR Ry&Fy Co
N ORyA Light Co..
Nor Ohio Trac 6c Lt..
Norf 6c Portstn Tr Co
Northwestern Kiev
Oklahoma City Ry._
Peeksklll Light & RR
Portland Rys Co
29,662
...
.
.
.
_
...
March
300,688
52,143
66,078
124,857
58.219
109,572
34,141
482,128
132.844
32.250
19,012
1 1 .280
490.578
1 17,366
187 097
128,605
146,016) 126,710
11,400!
9,905
January
127,584.
March
129,614
125.617
101 ,449
April
February
487,965
April
30,542
95,939
1,853,660
157,571
45,676
229,000
1,158.017
1,188,369
208,423
1 .365,017
484,144!
116,002!
2,077,841
508,727
629,014:
680,888'
47,924
16,887
127,584
43^759
126,673
893,385
28,991
72,723
1,657,619
137,557
35,552
220,880
1 ,023,180
1,075.038
177,051
1,191.061
423,504
1
102,720
.981,909
451,973
495 378
627,932
29,553
39,734
125,617
1
.
63,057
183,713
47,167!
April
March
March
.1
'May
April
:February
1February
..
-
.
!
April
March
_
1,883,902 |
32,685
76,814
60,197
261 ,287
164,754
47,300
170.314
98.054
141.282
38,692
35.872
54,902
156,396
57,436
99,065
69.081|
164,473
\\ k June 1
3d wk May
February
April
37,365
61,191j
85,874'
529,147 !
136.556
758,160
387,691
82,686
145,552
660,890
!
j 2,152,195
A500a504| 563.906 hi ,047,498
884,923! 852,593 3,379,085
26,556!
81,326
20,425
112,272
67,981
252,395
502,798
142,739
709.225
338.005
73,711
114,733
616,543
1 .914,257
1 .164.116
3,138,883
64,801
.
.Apr 1,435,773
...
6,829;
14,831'
56,282
55,324
68,71 1:
72.558!
..
Honolulu Rapid
Land Co
22,011
155,947
5,825
17,222
51,501
184,636
-___
Central Penn Trao—
Chari Con Ry Gas&lill
Valley Traction
89,981
20,24 0i
March
March
dChleafo 6c Oak Park
Cleve Painesvllle & E
Cleve Southw & Col__
Dallas Elec Corp’n
Detroit Jack n 6c Chic
I Detroit United Ry.
Duluth Street Ry
East St Louis & Sub.
E! Paso Electric
Ft Wayne & Wabash
Year.
j
.
.
Apr
1,235,473
,784,536
4
—
140,014
97,364
276,324
706,438
13,329
70,178
309,204
968 538
30,097
114,126
52,485
31,846
1 .369.378^11.202.028lCTg572.473
SJI 464.512
Figures for the month In both years Include operations of the Scranton
b Figures are from Fcd. 1.
c These figures are
for consolidated company,
d Thes'* arc results for main line,
f Now In¬
cludes Rapid Ry. Syst.. Sandwich Windsor 6c Amhcrstburg Ry. and Detroit
Monroe 6c Toledo Short Line Ry.
h These are early preliminary returns:
decrease due to earthquake, fire and strike among employees, Aug. 26 to
Sept 5 1900.
a
.Ry., acquired Jan. 1 1906.
Junes
Street Railway Net Earnings.—The following table gives
the returns of STREET railway gross and net earnings
A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of June 1 1907.
The
next will appear in the issue of June 29 1907.
reported this week.
Cross Earn'gs
Current
Previous
Year.
$
Roads.
Ft Wayne & Wab’sh
Jan 1 to Apr 30
360,958
Lexington & Interurban..Apr
Jan 1 to Apr 30.
Co.b —
July 1 to Meh 31
Norfolk & Port Tr Co
Jan 1 to Apr 30
Schuylkill Ry Co.a
Meh
-
a
1
to
...
Apr "
..
28,596
116,952
12,930
49,823
10,571
35,166
dcf.2,008
163,448
69,905
30,068
188.263
217,851
173,879
40,049
173.84 5
648 039
1 65,8!) 7
595,617
187,097
128,605
495,378
44,511
10,333
—
-
21.898
48,029
May 31
deducting taxes
before deducting taxes.
Hoads.
York & Queens Co—
Jan
1 to Meh 31
July 1 to Meh 31.___
50,787
152,825
Ry Co—
31....
17.i:'r>
Schuylkill
Meh
1 to May
from
this
had been sold in advance.
Output.—The companies owned wholly or in part by the Amalgamated
Copper Co. produced In the calendar year 1906 from their own and custom
ores about
275,000,000 pounds of refined copper, of which amount the
Amalgamated Copper Co. received the benefit from about 224.000,000 lbs.
company
—llal. of Net E’ngs.—
Previous
Current
Year.
Year.
Condensed Balance Sheet
Assets—
Investment in
ship in copper {nines, mining claims, mining
plants, reduction works, refineries, coal mines.
$
7,350,000
$
154,428,223
156,480,908
7,350,000
4.080.449
4,640,797
.168,471,705
165,858,677
outst’lng 153,887,900
22,265
3,077,758
11,483 783
153,887,900
22,044
2,693,038
9,255,695
.
Capital stock, auth. issue $155,000,000;
Accounts payable.
Dividend payable May
Surplus and reserve.
p.
1906.
1907.
168,471,705 $165,858,677
Compare report of Anaconda Copper
1181, 1243.—V. S3, p. 1592.
Mining Co. in V. 84>
Industr la Is— (Co n.)
Bush Terminal
1112
Chicago Edison
.1304
1303
1049. Clarksburg Fuel...
1304
Maryland Delaware & Virginia. 1303 Commonwealth i lectric
Coal
Consolidation
Co.
of
Md..
1303
N. Y. New Haven & Hartford
1245
...124 2 Crow’s Nest Pass Coal
(bal. sheet Feb. 28)
Phlla. Balt. & Wash.
002 Diamond Match (com. report). 1110
1306
Vandalla RR
1178 Falrmount Coal
1245
West Jersey & Seashore
1108 General Asphalt
General
Electric.
.1110,
1118
Western New York & Pennsyl’nlal 108
Gottlieb-Bauernschmldt-Strauss
Street Railways —
Brewing
1184
Amer. Cities Ry. & Light
1179
Capital Trac., Washington. D.C.1303 Intern. Mer. Mar (adv. state’mt) 994
1303
Chicago City Ry
746 International Nickel
Chicago & Milwaukee Elec
1109, Lanston Monotype Machine... 994
New
England Tcleph & Teleg’h.1125
Consol. Ry. (bal. sheet Feb. 28) .1242
1310
Georgia Railway & Electric..
570 Niagara Falls Power
Owens
Bottle Machine (balance
7 1'.
Havana Electric...
sheet Feb. 28)
.1305
Interborough-Metropolitan
12 >2
1303
International Traction, Buffalo. 624 Pacllic Mall Steamship
.1111
Inter-State Railways, Phlla
570 < Pennsylvania Steel..
Louisville Ry
567 Pittsburgh A* Falrmount Fuel.. 1306
Oil & Gas.
1057
Metropolitan West Side, Chicago 804 Pittsburgh
1305
New Orleans Railway & Light._ 868 Pittsburgh Plate Glass
Phlla. Co. nf Pittsburgh..1108, 1121 Sears Roebuck &Co.(off’l state.) 1246
1305
Twin City Rapid Transit
446 Somerset Coal
1185
United Rvs. Invest. Co., San Fr.1109 Standard Serew
1179
United Railways of St. Louis... 688 Tcnn. Coal, Iron & RR...
B
Un.
Box
d
&
Pap. (bal. sheet) 994
Industrials—
American Beet Sugar
1180 United Gas Improvement. 1112, 1304
U.
S.
Realty
1180
&
Improvement
American Can..
^
994
..1244
American Light & Traction
.4 303 Uidted States Rubber
American Pneumat. Ser ..1181. 1244 U. S. Smelt., Ref. & Min.1125, 1243
Anaconda Copper
1181, 1243 United States Steel Corp.(3 mos.) 1050
1186
Bethlehem Steel
1110 United States Telephone.
1302
1030
.
_
...
..
(Report for Fiscal Year Ending May 31 1907.)
Heinze, New York, June 5 1907, says:
The past year has been one of extraordinary prosperity for all copperproducing companies and your company has shared in this prosperity
to
a
...
.
Amalgamated Copper Co., New York.
(Report for Fiscal War endin'j April 30 1907.)
At a meeting of the Board of Dirortois, Secretary A. H.
Melin was authorized to issue to the stockholder the follow¬
ing statement, together with a condensed balance sheet as
of April 30 1907:
organization of the com*
operations
controlled have been carried
and consequently a
large amount of development work, hitherto retarded by court Injunctions,
been
lias
accomplished.
In the early part of the year experienced eng!
neers, selected by the different companies, which had had conflicting claims
contiguous
against
properties In which the Amalgamated Copper Co. was
Interested, met In Butte, and after a full examination of the local conditions,
formulated a plan for the settlement of the boundary rights and also of
the complicated questions eclating to apex.
Their conclusions were sub¬
mitted to and adopted by the boards of directors of the various companies
End of Litigation.—For the first year since the
pany,
in the various properties
on without the intervention
of harassing litigation,
Amalgamated Copper Co.
Development Work.—A large working shaft upon the Tramway claim
is now in process of construction, and when completed it will afford an outlet
for the ores from the Tramway and Snohomish mines, the title to a portion
of which Is owned by the Butte & Boston Co.
A large and valuable ore
territory In the Pennsylvania mine, mentioned In the report of last year,
has been developed, and at present Is supplying a daily output of high-grade
ore from the Boston & Montana and the Red Metal Mining Companies
The development (luring the past year has, in confirmation of the ex¬
perience of the preceding year, proved that the ore bodies in the lowest
levels of the Anaconda, the Colorado, the Boston * Montana and the
Butte «Sc Boston mines are of a better grade 'than those existing on the
Intermediate upper levels.
The Mast furnace, as well as the reverberatory and calcining furnaces In
the smelting works of the Washoe Copper Co. at Anaconda, have been en¬
larged. and now upwards of 10.000 tons of ore arc treated dally.
The reduction works of the Boston dt Montana Co. at Great Falls have
been taxed to their utmost in handling the output from its mines, and
work has just been started whereby the tonnage of ore which can be treated
dally by these works will be Increased by 1,000 tons.
This will require an
entire new section In the concentrating department, a general Increase of
facilities In all of the other departments, and the erection of a smoke stack
500 feet In height and having a diameter of 50 feet.
'Phis will be provided
for the successful and economical
that the amount
remarkable extent, as appears from the fact
almost equals the
very
added during the year to Its surplus
the common stock during the year,
nearly 14 "« for the common,
dividends paid on
thus showing net earnings of very
% dividend
of the preferred
after the payment of the regular 6
the preferred.
The surplus now exceeds the amount
stock and cash and cash assets now more than equal the $5,000,000 of pre¬
ferred stock.
A part of this prosperity Is undoubtedly due to
ment of the long-standing disputes between your company
sidiaries and the subsidiary companies of the Amalgamated Copper
Co.
Harmony has since prevailed in tfie Butte camp, and all your
engineers have been devoting their time to the profitable
The financial results
the
your companies’ holdings.
are evident.
The La France Copper Co., one of the properties you are
has made great progress in the exploitation of its mines,
surface works, draining the lower levels of the water which flowed in from
the adjoining Alice Mine, opening up large ore reserves
on
the satisfactory settle¬
and Its sub¬
of
ready for profitable work
officers and
exploitation of
change of policy
Interested In,
creating extensive
and generally getting
besides settling by compromise a vexatious law
that now there are no law suits
suit Inherited from the previous owners, so
against any of Its properties.
I look for
substantial prollts lrom these
operations during the coming year.
We have also become interested in several very large mining operations.
In Idaho, Utah, Nevada, California and Mexico, and have bought large
coal Interests in Pennsylvania and timber Interests In British
Columbia,
all of which have required the Investment of large sums of money, not only
In the purchase of the securities of the other companies, hut also In the way
of equipment, as one Instance of which I may mention the Ohio Copper Co.,
approxi¬
With copper, silver and lead remaining at anything like present prices,
your profits during the coming year will undoubtedly be greatly enhanced.
wp are at present equipping a
mately $1,000,000.
where
.
with the necessary flues and dust chambers
handling of the ores.
Co.
President F. Aug.
in the index last week.
controlled by the
$9,255,695.
securities, &e., representing owner¬
United Copper
Reports.—The following is an index to all annua
reports of steam railroads, street railwaj's and miscellaneous
companies which were published in last week’s “Chronicle.”
The other reports cited since the last editions of the “Railway
and Industrial” and “Street Railway” sections were shown
Page]
$11,483,783
4.773
Annual
Railroads—
Baltimore Chesapeake & Atl
Grand Rapids & Indiana
Grand Trunk Ry. of Canada
$312,983
8.942,712
April 30.
Total
50,764 xdef.47,427zdef. 17,644
153.060
x24,845
,r43 711
ANNUAL REPORTS.
and reserve April 30
$
$
$2,228,088
9,255,695
Balance surplus for year
Previous surplus and reserve
Total surplus
1906.
1907.
$14,154,400 $9,161,537
(7 34) 11.9 2 6.3 1 2 ( 5 *>4) 8.848.554
Xct Income for the year
Dividends.
for other Income received.
\fter allowing
Fiscal Year.
Total.
Liabilities—
Charges and Surplus.
-Int., Rentals, Ac.—
Current
Previous
Year.
Year.
$
$
labor unions, covering a period of five years.
Copper Market.—The condition of the copper metal market during the
past year has been highly satisfactory.
The price of the metal rose
1.8 4 cents In December 1906 to 25 ^ cents in March 1907.
At the close
of the company’s fiscal year all the refined copper that can be produced
up to the first of July next by the various companies controlled by
sawmills, standing timber, water rights, land.&c
Loan to Washoe Copper Co. for smelter eonstrue’n
Cash and cash assets
Net earnings here given are after
Interest
x
35,658
136.767
137,557
Labor.—A settlement of the labor question, satisfactory to both em¬
ployer
and employee, has been arranged, and a contract In relation thereto
has been signed by the officials of all the mining companies and the different
Results for
79,543
1,631
40 852
18.816
.May
Net Earnings
Current
Previous
Year.
Year.
$
$
31
157,57?
629,014
b Net earnings here given arc
New
Year.
S
93,940
Val.Apr
New York
Queens
Jan 1 to Meh 31
1363
THE CHRONICLE.
1907.J
Receipts —
INCOME ACCOUNT.
1906-07.
Interest on bonds.a
Dividends from subsld. companies.
Profit on securities sold
interest on loans, deposits, <Scc..
Total income
Deduct—
General expenses
New Jersey State tax
Dividend on preferred stock
Dividend on common stock
Balance, surplus for year
Total surplus June 1 1907,
a
See V. 82,
2.000-ton plant at a cost of
(6 Vo)
-
—
1905-06.
1904-05.
$184,500
2,614,103
$210,000
460,746
213,017
903,108
$6,565,592
$3,011,020
$1,573,854
$84,335
6,250
300 ,000
$310,283
$10,789-
xH
,150,000
x3,150,000
i/2.025,000
$3,540,585
$3,025,007
$3,025,007
$2,641,533
$3,600,095
2,744,184
2,744,184
221,313
6.250
300,000
$370,087
300,000
$316,789
$1,257,065
$5,754,477.
p.396,513,991.
x 7
i/4H %•—V. 84, p.
1057. 1001.
International Mercantile Marine Co.
(Report for Fiscal Year ending
Dec. 31 190o.)
A. Grkscoin and Presi¬
Tli<* report, signed by Chairman C.
dent J. Bruce Ismav, under date of June 3, says in substance:
General Results.—The combined Income account of the companies for
the year 1906 shows a surplus for the year of $5,028,754, as compared with
a surplus of $3,127*491
for the year 1905, after meeting all fixed charges
and operating expenses, in which operating expenses are Included all charges
for ripairs, maintenance and overhauls.
While there Is an increase In the
gross earnings of $3,824,891 and an Increase In the net earnings of $2,125,887. the Increase In operating, administration and general expenses Is only
$67,744.
The Income account does not Include the operations
National lines, In which your company has Important
lines have made separate reports to their stockholders,
the year in working the companies of £136,910
£16,877 for the National Line.
I n sura nee.—The directors have
of the Leyland and
holdings. These
showing prolits for
the
Leyland
for
Line and
again much pleasure In stating that the.
operated during the* year 1906 without any total loss, or
serious casualty being sustained, and that the Insurance fund
shows a profit for the year of $791,959.
Balance Sheet.—During the year substantial payments on account of
floating debt were made* from current earnings, as a result of which the Item
of “loans, bills payable, and foreign bank overdrafts” has been reduceel
from $6,326,989 to $768,699.
Under the provisions of the sinking fund
there were retired during 1906 $279,000 of the first mortgage 5 % bonds
out of the* earnings of American and Red Stur Llne*s for the* year 1905,
and there will be deposited for the further redemption of bonds the sum
of $316,538 out e>f the earnings of 1906.
The* debenture bonds of constitu¬
ent companies held by the* public, which at the close of the Jast
year amounted to $921,533, have since been reduced to $778,579.
In addition to these material reductions In floating debt, over $5,000,000
has been transferred to credit of depreciation fund, making the totul credit
In Insurance and depreciation funds over $8,000,000.
steamers
even
were
i
1 E
very
financial
Ml
Company’s Fleet.—All the company s steamships, as well as Its other
property, have been maintained In a high state of efficiency during the
year,
and the cost thereof, together with
Liverpool on May 8th, thus inaugurating the new service of the White
Star Line between New York and the English Channel.
The vessel has In
every respect justified expectations.
The steamship St.
Paul has been entirely re-bollered and thoroughly
overhauled.
The very satisfactory development of
warranted the transfer of the steamer
the New York-Antwerp trade has
Mississippi, built for the Atlantic
Transport Line, to the Red Star Line, after having been equipped with
every modem Improvement and convenience for the carriage of third-class
passengers.
The vessel has been renamed the Samland.
Your directors
arc anxious to add further tonnage to the Red Star Line, but the limited
terminal facilities at Antwerp present serious difficulties to the carrying
policy.
the
As the cost of operating under the American Flag was so great and
steamers were at such a disadvantage In foreign trades, the American-built
steamers Maine and Missouri have been sold. and a steamer of suitable type
has been ordered for the Atlantic Transport Line, New Yorlf-London
passenger and cargo service.
In view of the material development In the passenger traffic to and from
Canada via the St. Lawrence route, It has been decided to order two steam¬
ers of the most approved type to meet the requirements of this business.
The urgent necessity for maintaining the position of the various sub¬
sidiary companies Is fully realized by your directors, as.will be seen from
the following list of steamers, the construction of which has been arranged
for:
(1) An express mall, passenger and cargo steamer for the North At¬
lantic trade, which, In point of luxury and size, will far surpass anything
hitherto attempted.
(2) A passenger and cargo steamer also for the North
(3) A passenger and cargo steamer for the Atlantic Trans¬
Atlantic trade.
(4 and 5) Two mail, passenger
port Line, New York-London service.
and cargo steamers for the Dominion Line, Canadian service.
(6) A large
passenger and cargo steamer designed for the London-Australlan trade.
of the large
It is expected that all these vessels, with the possible exception
fast steamer, and tlie second steamer for the Canadian trade, will
commission by the early part of 1909.
The White Star Line has Increased Its Interest In the New Zealand
by acquiring a half share In the new twin-screw steamer Arawa,
be In
trade
which Is
fully equipped for the carriage of llrst, second and third-class passengers,
as well as general cargo and refrigerated produce.
This steamer left Liver¬
pool for New Zealand on her maiden voyage on Feb. 22 last.
The steamers Servian and Scotian, referred to In our last report as being
In the course of construction for the Leyland Line, owing to the change In
conditions, have been sold on satisfactory terms, and three other steamers
have been ordered, thoroughly suited to the trade, the first one of which It
Is expected will be delivered in November 1907 and the two others early
In 1908
•The steamers Coptic, Doric, Rhynland and Indiana have been disposed
of. as they could no longer be employed with advantage.
The number of steamers now In service, Including the subsidiary lines,
Is 123, representing a gross tonnage of 1,015,761 tons, to which will be added
when the nine steamers above mentioned are completed |127,530 tons gross,
making In all 132 steamers with a total tonnage of your own
companies of 1,143,291 tons, classified as follows:
and subsidiary
Under 5,000 tons gross
261 Between 15,000 and 20,000
Between 5,000 and 10,000 tons gr.63|Over 20,000 tons gross
Between 10,000 and 15,000 tons gr 34 |
tons gr’s 4
5
General Remarks.—In order to meet the continually growing demand by
travelers for facilities to avoid the necessity of crossing the English Channel,
the British terminus of the White Star Line mall service has been transferred
;
Liverpool to Southampton, and the steamers Adriatic, Oceanic,
Majestic and Teutonic, which carry on this service, now sail from New
and
York
Southampton respectively on Wednesday, calling east-bound at
Plymouth and Cherbourg, and west-bound at Cherbourg and Queens¬
from
town.
The New York-Liverpool service Is being
steamers Baltic, Cedric, Celtic and Arabic, sailing from
maintained by the
New York and Liver¬
pool respectively on Thursday Instead of Friday as hitherto, and calling at
Queenstown in both directions, the sailing day of the Boston-Llverpool
steamers having been changed from Thursday to Wednesday from both
sides.
The trans-Atlantic passenger
a
traffic both east and west-bound, showed
material Increase over previous years, In
which your company partici¬
The earnings from passenger traffic may be considered quite satis¬
factory, and the booking for 1907 are such that there Is every reason to
be well satisfied with the outlook.
In 1905 the totalnumber of passengers
carried by your steamers was 433,228, while In 1906 the total number was
487,934, or an Increase of 54,706.
Out of the 88,056 first-class, 146,187
second-class and 445,214 third-class passengers carried between British
and North American ports (In which trade the malorlty of your services
operate), your steamers carried 46,139 first-class, 53,277 second-class and
182,350 third-class.
Out of the 26,419 first-class passengers carried to and
from Mediterranean ports, your steamers carried 8 887.
The Mediterranean passenger business, In which your company Is largely
Interested, has justified the employment In this trade of the steamers
Cedric and Celtic during the winter months, and the results were suffi¬
ciently remunerative to warrant again running them in the service during
The popular steamer Arabic has completed another
the season of 1907-08.
70-day cruise, with satisfactory results, and a contract has been signed for
a repetition of same.
The Improvement In freights referred to In the last report as being evident
during the first quarter of 1906 was not well maintained during the re¬
mainder of the year, and during the last three months of the year the con¬
ditions wore particularly disappointing and unsatisfactory, largely due
to the very congested condition of the railroads, In some Instances resulting
In tin absolute embargo being placed on the movement of all freight except
perishable freight. This, unfortunately, was the cause of many of your
steamers from North Atlantic ports sailing with a large amount of vacant
space, notwithstanding that the crop conditions were such that had this
serious congestion on the railroads not existed, there Is reason to believe
that trans-Atlantic freight conditions would have been quite satisfactory.
The cargo trade to and from Great Britain, Australia and New Zealand
was not as satisfactory during 1906 as was anticipated, but there has since
been a decided Improvement, and better results are looked for this year.
The reciprocal agreement with the Hamburg-American Packet and North
German Lloyd companies has again resulted advantageously to your com¬
pany, satisfactory dividends having been declared by those companies
pated.
for the
past year.
EARNINGS, EXPENSES. CHARGES ETC.
Gross voyage earnings
Miscellaneous earnings, div., &c_
1906.
1905.
1904.
$35,931,412
$32,435,512
1,227,801
927,406
$27,926,908
386,515
533,570
$37,159.213
a29.155.178
S33.362.918
a27,456,174
$28,846,993
a27,040,586
$S,004,035
$5,906,744
$1,806,407
$3,420,099
315,596
$3,349,495
482,167
$3,312,151
469,283
60,141
48,393
64,123
Sundry earnings
Total receipts
Gross, oper. and gen. expenses
Net earnings
Deduct—
Interest on bonds
Interest on loans, &c
English Income tax
Balance
Add surplus Insurance
account
Prop, purch. bonds for s. f
Balance for the year
sur
791,959
864,159
897,053
28,597
sur$5,028,754 sur$2,890,848 loss$l .142,097
“overhauls, lay-up expenses and betterments”
In 1906, against $1,040,645 In 1905 and $1,489,322 in 1904.
^ •
Includes $1,043,012 for
PORT LINES.
1905.
1906.
S
$
Assets—
Cost of prop’ties.171,997,011
Investments—
F. Leyland &
Co.(1900),Ltd 11,965,177
410,469
Nat.SS.Co.,Ltd
Sundry ship &
allied
co’s,
exch.mem’ps
and Gov. deps
Cash dep. with
trustees of mtg
640,733
235,602
789,052
Inventories
Accts. receivable
Bills rec. & loans
1,763,837
429,000
8,455
Int.rec.&accrued
Advance to Leyland Line
Advances to Na-
1S4.9S1
tional Line
Agency balances
Market,
stocks
1S5.S87
and bonds
Cash in banks &.
on hand...
Open ’•voyage
accts. digs. &
59S.609
insur’ce
better-
1,414,077
806,903
..
unexp.
Imprs.,
327,081
&e
ments,
Disc’t on
4H%
290,920
bonds
Liabilities—
171,001,6081 Preferred stock. 51,730,971
| Common stock. 49,932,735
[5% 1st M. bonds 19,618,000
11,965,177 |4H % M. & coll.
403,7021
trust bonds.. 52,744,000
jDeb. bonds con|
stit. co's held
77S.579
|
by public
724,238
620,655 1 Loans on mtges.
| Loans, bills pay76S.699
able, &c
183,3661
3,302,971
799,374 ! Accts. payable.
148,131
1,593,8171 Agency balances
266,850|Interest accrued 1,018,811
8,503 | Leyland line ad55,905
|
vances, &c._.
1,466,425 i Reserves—
|
For liab. for re221,3121
liabil.&rep’rs.
169,383 1
for ins. claims
|
& for outst’g
548,364
59S,742|
Dom.Lineslis
|Def. cred. to prof2,222,397
1,165,9841
it and loss
1.000,000
jlnsur. fund
IDeprec. fund... 7,173,389
1,698
1,602,702 I Miscellaneous
27S.900
'Surplus
1GS.673|
1
309,4001
I
192,047,791 192,545,6721
p.
51,730,971
49,932,735
19,897,000
52,744,000
921,533
726,837
6,326,989
2,988,457
168,026
1,023,194
648,908
2,046,407
1,000.000
2,138.766
1,698
_.
.
Total
—V. 84
1905.
S
1906.
S
|
250,152
V
192,047,794 192,545,672
Total
1309, 999.
Niagara Falls Power Company.
(Report for Fiscal Year ending Dec. 31 1906.)
The report, signed by President D.O. Mills and Secretary
F. L. Lovelace, under date of New York, May 15, says:
No additional construction work or Installation of generating machinery
having been authorized, the company’s business must be confined for the
present to the output of tlie plants as they now exist.
This condition
naturally Indicates the beginning of annual reports.
By direct ownership and through stock control of the Canadian Niagara
others), this
the American side
capacity for
Power Co. (only five shares of Its capital stock being held by
company now has available for power generation (1) on
of the Niagara River two complete plants with an aggregate,
an
output of about
77,000 electrical horse-power, and a
considerable reserve
additional capacity of about 8,000
hydraulic horse-power
companies; and (3) on
the Canadian side of the Niagara River a plant with installation for a contin¬
uous output of 40,000
electrical horse power, one 10,000 horse-power
generating unit being held In reserve.
The cost of construction of this plant
has Included Interest and park rentals to Jan. 1 1907, from which date
In power-generating machinery; (2) an
horse power, of which, under leasehold rights, 7,500
Is now being generated in Installations of tenant
It Is treated as In commercial
From the combined output
operation.
of these plants about 95,000 e.h.p. and 7,500
h.p. (leasehold hydraulic rights) now are yielding revenue. Contracts
have been negotiated for the sale of additional amounts of electrical power
deliverable upon the completion of the installalton of the necessary appa¬
ratus.
It Is expected that before the close of 1907 substantially all of the
combined output of these plants will become revenue producing.
Firm contracts now In force covering long terms will require a consider¬
able part of this power.
The remainder, It Is believed, will be absorbed
quickly by the users of our power steadily Increasing In number and re¬
quirements.
The financial condition of the company never has appeared to be more
satisfactory and promising.
Under the Act of Congress known as the “Burton Bill” the Secretary of
War has decided to permit the company to divert and to import the amounts
of power by It requested at the hearing (compare V. 84, p. 224); and In
Canada the proceedings In the Dominion Parliament justify the expectation
of fair treatment.
INCOME ACCOUNT FOR THE
earnings
Operating expenses
Gross
$1,370,308
£326,124
Net earnings
$1,044,184
Interest and discount recc’d
$29,150
Dlv. on-stocks owned
50,250
Total net Income
$1,123,584
YEAR ENDED DEC. 31 1906.
Interest on first M. 5 % bds_$500,000
Int. on 6 % deb. (due 1910). 180,000
Int. on 6 % deb. scrip
120
Interest and discount
c
15,107
89,049
Taxes
Insurance
2,621
Fixed charges,
note)
&c.
(see
.
$786,897
$336,687
62,535
Surplus income for the year..
Accumulated surplus
$399,222
Include $100,000 appropriation to reserve for
Surplus (as per balance sheet)
operating expenses
improvements, betterments and depreciation.
Note.—Interest on the $4,980,000 6% debentures (Canadian collateral
series A and scries B) was Included In the cost of construction of the Cana¬
dian plant up to Jan. 1 1907, from which date that plant has been In com¬
mercial operation.
(See also V. 84, p. 807.)
COMBINED CONDENSED BALANCE SHEET AT DEC. 31 1906.
x
The
Liabilities—
$
Capital stock—
Niagara Falls Pow. Co_ 4,180,700
Can. Niagara Power Co.—
tems, &c
21,966,287
Total Issued_$500,000
Investments—capital stock
Owned by Ni¬
(at par) —
agara F.P.Co.499,500
Cataract Power & Con¬
Owned by the public.
500
duit Co. (Buffalo). out
of $2,000,000 issued. 1,005,000 5% 1st M. bds., due Jan.
1
1932_
10,000,000
Tonawanda Power Co—
out of $250,000 Issued.
200,900 6% convertible deb., due
April 1 1910
3,000,000
Niagara Jet. Ry. Co.—'
out of $300,000 Issued
294,500 6 % convertible deb. (Can.
coll, series A), due Oct.
Cash
351,901
3,000,000
1 1911
Securities, bills and ac¬
counts receivable, &c__
420,700 6% debentures (Can. coll.
series B). due Nov. 1 ’14 1,980,000
Material and supplies
135,247
16,493 6 % original debentures of
Prepaid insurance
$
Assets—
Real estate Interests, power
houses, transmission sys¬
Canadian Niagara Power
Co. matured but not pre¬
sented
Accounts payable
Bills payable
Unpaid coup. & accr’d Int.
Accrued taxes and rents._
Reserve for Improvements
and depreciation
$3,795,836
$3,880,055
$3,845,557
$4,208,199 sur$2,026,689 def$2,039.150
Note.—The earnings for 1905 were charged by the company with the
payment of $236,643 on account of trade agreement for 1904.
Transferring
this Item from 1905 to 1904, the surplus for 1905 becomes $3,127,491 and
the deficit for 1904 becomes $1,378,740.
a
CONSOLIDATED BALANCE SHEET DEC. 31—COMPRISING AMERICAN,
RED STAR. WHITE STAR, DOMINION AND ATLANTIC TRANS¬
depreciation on all property other
than steamships, charged to operating expenses.
The steamship Adriatic, referred to In the last report as being under con¬
struction, has now been completed, and sailed on her maiden voyage from
out of this
[VOL. LXXXIV
THE CHRONICLE
1361
Surplus
Total assets—
24,391,028
Total liabilities
Note.—Since Dec 31 1906, for the purpose
penditures now represented by accounts and
liabilities under contracts, there have been
20,000
1/316,191
503,546
392,998
20,979
576,892
399,222
24,391.028
of providing for capital ex¬
bills payable and accruing
received from stockholders
subscriptions for $1,062,000, part of $1,500,000 6% coupon debentures
(Canadian collateral, series C), and payment has been received In full or In
such subscriptions.
$438,000
Sart
eld for
upon
The ofremaining
are
disposition
at the discretion
the directors
either debentures
to stockholders
(Including themselves) or to others.
(V. 84, p. 807.)
Since Dec. 31 1906 the bills payable above shown have been
the exception of $11,093.—V. 84, p. 1310, 807.
'
paid with
June 8
Co., Chicago, Ill.
(Report for Fiscal Year ending Dec. 31 190G.)
President S. L. Avery's report to the stockholders, as re¬
United States Gypsum
ported by the “Chicago
the annual
Inter-Ocean" March 13, following
meeting, said in substance:
consideration many unusual difficulties.
Labor advanced in all sections; bags, jute and paper (a large item) jumped
from 22 to 40 %; In fact, there was a steady advance in price of all the ma¬
These increases, however, have
terials used in the manufacture of plaster.
in part been ollset by the savings accomplished by improvements at our
various mills.
The price of plaster during the year remained at about
of 1906 brings into
A review
the previous level.
At the close of 1905 the sales department
In excess of the 1905 output.
At the end of
more than half this Increase had not only been
promised to sell 75.000 tons
the lirst six months (July 1)
ordered but actually shipped.
On July 2 the Marsh mill at Gypsum, Ohio, one of our largest producers,
burned to the ground.
One of our idle Michigan mills was started, but this
only slightly relieved us.
Our sales organization, established to dispose
of a larger tonnage, had not the plaster to sell.
Labor troubles generally
added to our difficulties, and at about this time the car shortage made itself
felt and had a serious effect.
The last six months of the year fell below
the expectation of the management for the foregoing reasons.
The ton¬
nage increase over the previous year, however, reached 40,000 tons.
The Marsh mill was fully insured; the loss was adjusted on Aug. 18; the
foundation of the new mill was started on July 23, and on Nov. 15, just
operating w’hat we believe
the country.
Competition.—Competition is growing rapidly, and several new mills
are now nearing completion.
These naturally have an effect on trade and
usually cause disturbances in prices over a considerable territory.
The new
manufacturers devote themselves largely to the ordinary products, such as
calcined piaster and wall plasters, and while these constitute the major
..portion of bur business, they are unfortunately susceptible to cut prices
of even new and untried competitive goods.
Aiming to In part avoid these conditions and to build a trade earning a
larger percentage of profit and free from this competition, we have been
developing wall finishes, iireproollng plaster, partition tile and dental plas¬
ter.
We believe we are manufacturing the very best in each of these three
lines, but as yet they play a small part in our Income.
New Contracts.—During the past year a 20-year contract was made with
the Sackett Plaster Board Co., whereby wre are to supply plaster at a price
We
that carries a fair margin of profit for all tlie mills they may erect.
also have a contract under which we are the general selling agent for the
board for the United States, excepting five central States, which were con¬
tracted for by one of our competitors previous to tills company’s formation.
•The sale of this important product does not add expense, but on account
of our control of it brings not only Its own liberal profit , but a strong in¬
The sale of Sackett plaster board
fluence toward the trade of the dealer.
last year increased over 1905 by 189 %.
An advertising campaign has been
106 working
to be one
days from commencement, we were
of the best mills In
arranged for tlie year.
INCOME ACCOUNT FOR CALENDAR
Net earnings..
$430,7991
Transferred to bond reserve
50 ,000 j
.
$380,7991
Balance
Previous
surplus..
1905-6
1365
THE CHRONICLE
1907.]
YEAR 1906.
$380,799
Balance (forward)
Dlvs. on pref. stk (3?4 %)__ 135,764
$245,035
945 610
Surplus. _•
.
$1 190,645
Total surplus
BALANCE SHEETS DEC. 31 1906 AND JUNE 30 1900.
Liabilities—
Dec. 31 06. June 30 ’06.
Dec. 31 ’06. June 30 ’06.
during the next sixty days, the price of such offering to be
fixed at or about 96 and accrued interest, at which price the
bond yields a return of over 5)4%.
These bonds are dated April 1 1907 and mature April 1 1917, but are sub102 at any interest period; coupons payable April 1 and Oct. 1
and with the usual provision for the registration of the principal of
bonds.
Denomination $500 and $1,000 each
Authorized total amount,
$2,500,000, secured by a deposit with the Equitable Trust Co. of
ect to call at
the
Phila¬
delphia, trustee, of $1,475,000 out of a total of $1,500,000 of the capital
stock of the Altoona & Logan Valley Electric Railway Co. and $1,975,000
out of a total of $2,000,000 of the capital stock of the Scranton Street
Railway Co.
The American Railways Co. has in the past six years sold three issues of
bonds—the American Railways Co. 5s of 1911, the Bridgeton & Millville
Traction Co. lirst mortgage 5s and the Altoona & Logan Valley first mort¬
gage 4\*s, both of the latter bonds being guaranteed by the American
Railways Co. All of these securities are selling on a basis to yield a return
of from 45s % to about 5%.—V. 83, p. 1409.
1906-7
Atlanta
Birmingham & Atlantic RR.—Reports of Proposed
Atkinson May 29 writes:
Extensions Denied.—President
There Is no truth in the report that the Atlanta Birmingham & Atlantic
Is surveying a line from Atlanta, Ga., to New Orleans, La., nor is there any
truth in the report that a line is being considered from Atlanta to
—V. S4, p. 270.
Nashville.
Baltimore
& Ohio RR.—Earnings.—For
the 9 months
ending March 31:
Bal.. sur.
Gross.
Net.
Other itic.
Charges.
$60,569,318 $20,025,231 $2,698,899 $9,740,227 $12,983,903
57,697,477
20,998,780
From the balance as above $816,217 was deducted for permanent im¬
provements.
Dividends on the preferred stock call for $1,800,000 for the
9 months.
The dividend of 3% on the common stock paid March 1 1907
called for $4,564,945, or at the rate of $6,860,000 (4 bj %) for the 9 months.
Deducting these would leave a surplus for the 9 months of about $2,510,000.
(This method of charging dividends differs from that of the company, but
9 mos.
1906-07
is
adopted for simplicity.—Ed.)—V. 84, p. 1113, 569.
Boston & Maine RR.—Change in Control—Option to Sell
for All Stockholders.—See New York New Haven A Hartford
RR. Co. below.—V. 84, p. 1181, 930.
Boston Revere Beach & Lynn RR.—Dividend Increased.—
The directors yesterday declared a semi-annual dividend of
3% on the $850,000 capital stock, payable July 1 to stock¬
holders of record June 15.
This increases the annual rate to
6%, contrasting with—
DIVIDENDS 1 18S8-91
Per Cent. J 7 yearly
—V. 83. p.
*92. ’93. ’94. ’95. ’96.
4
4
5J-4
5
3
1897-1905
2 yearly
1906-Jan.07
4 yearly.
379.
Buffalo Rochester & Pittsburgh
Ry.—Equipment Bonds.—
$3,000,000 4)^% equipment gold bonds dated April 1
1907, to which reference was made last week, are due April 1
1927, but are subject to call, in whole or in part on any
The
and interest upon six weeks' notice. A
fund
is
sinking
provided
to retire the issue. The amount
3,000,000
Trustee
outstanding,
we learn, is $1,700,000.—V. 84, p. 1306.
900,000
do
750,400
common
210,000
Stock in oth. co’s
38,125
Capital Traction Co., Washington, D. C.—New Bond
209,775
U.S.Gypsum bds
661,500
Issue.—A new first mortgage has been made to the Union
175,059
discount..
24,500
Bond
3.501
Trust Co. of Washington, I). C., as trustee, covering all the
Inventories
329,633
40,443
Bills receivable.
property of the traction company in the District of Colum¬
95.S33
Accts. receivable
703,453
bia, to secure an issue of $6,000,000 5% gold bonds of $500
Unearned insure
10,610
150.443
Int. paid in adv.
520
each,
dated June 1 1907 and due June 1 1947, without option
1,157,603
Cash
45.189
of earlier redemption; interest payable Dec. 1 and June 1 at
Total assets..$10,372,719 $10,402,214!
Total liabilitiesSlO,372,719 $10,402,214 office of trustee.
Only $2,520,000 of said bonds were issued
June 1 1907, out of which the $1,080,000 4% bonds dated
On Feb. 11 1907 the directors declared a dividend of 5%
1900. were redeemed at $105 and accrued interest to date;
on the preferred stock, payable in quarterly installments
during the current calendar year; the first installment, 1 )|%, $600,000 floating debt paid off; balance of the $2,520,000
to be used in paying for extensions of power plant and addi¬
was paid March 15.—V. 84, p. 030.
tional equipment.
The remainder of the first. $4,000,000
Boston Belting Co.
($1,480,000) is held in treasury for future needs.—V. 84,
p. 1303, 390.
(Report for Year ending Sept. 30 1906.)
BALANCE SHEET SEPT. 30 1906.
Central Ontario Ry.—New Securities Authorized.—At the
1909.
1905.
1906.
1906.
|
adjourned
annual meeting on May 18 the shareholders
3
$
j
Liabilities—
$
Assets—
$
authorized a new issue of bonds amounting to $1,200,000, to
100,000 | Capital stock... 1,000,000 1,000 ,ofto
Real estate
108,500
800.0(H)
»0,000 i Rebuilding fund
800,000
Machinery
50,814
retire the old bonds now past due and for other purposes,
287,041
955,849! Profit and loss..
319,949
Material on hand
836,253
and also the increase of the capital stock from $750,000 to
980,543!
Cash & debts rec 1,123,732
100 j
Trade marks
100
$3,340,000.
The directors and officers are:
550!
Miscellaneous
550
Directors.—S. J. Ritchie, C. E. Ritchie, Akron, O.; T. M. Kirkwood,
S. S. Lazier, Belleville; Geo. Collins, W. S. Jaques, J. H. Stewart
Total
2,119,949 2,087,042!
Total
2,119.949 8,087,042 Toronto;
and R. Fraser, Trenton.
Officers—S. J. Ritchie, President; C. E. Ritchie,
"No debts.’’
Vice-President; Geo. Collins, Manager and Secretary; J. D. Rowe, Treas¬
urer.—-V. 84, p. 930.
The following, published last December, is confirmed as
Chesapeake & Ohio.—Notes Extended.—The reported sale
revised.
of notes to J. P. Morgan & Co. represents the extension for
President Forsyth has recently sold practically all of the company's
Government and municipal bonds in which the $800,000 rebuilding fund
one year of an issue of $1,200,000 notes which mature on
was Invested, and re-invested tlie proceeds In the following non-taxable
June 28.—V. 84, p. 1247, 1181.
•tocks:
Boston & Albany RR., Fitchburg RR. preferred. New York
New Haven & Hartford RR., Old Colony RR.. West End Street Ry.
Chicago & Alton RR.—Director Eorgan Resigns.—James
ffreferred
and Boston
bonds.which
its investment
Terminalbonds,
Thewere
company
from
n Government
and municipal
taxable,
received
less than B. Forgan of Chicago has resigned from the board.
2% on Its $800,000 Investment, while the present securities return an
Earnings.—For year end. June 301907 (May and June est.):
Income of about 3>^%. a difference of about $15,000 per annum, or about
Assets—
$6,895,646
stk., pf.
872,700
Plants, &c
S6.567,001 Pref. stk.,7% cum$4,500 000
3,000 000
879,700 Common stock
900 000
750.400 | Bonds
210 000
325,305 I Bills pay’Ie. b’ks
151 ,775
678,000 |
general
do
101 ,715
24,228 | Accts. payable.
3 221
310,595 |Bond interest..
27,138 ! Reserves, lirst
145,833
766,359 |
mortgage bonds
14,398 i Taxes, royal169. 531
ties, &c
3,471 ]
55,619 Undivided profits 1,190,644
$4,500,000
..
1 hi % on the
NEWS.
RAILROADS, INCLUDING STREET ROADS.
Alabama & Vicksburg Ry.—New President for Queen A
Crescent Lines.—D. E. Curran, Vice-President and General
Manager, has been elected President of this road and of tlie
New Orleans & Northeastern and the Vicksburg Shreveport
& Pacific, succeeding C. C. Harvey, who resigned and is now
President of the New Orleans Terminal Co.—V. 81, p. 1607.
Altoona & Logan Valley Electric Ry.—Stock Pledged.—
See American Railways Co. below.—V. 82, p. 803.
American (Electric) Railways Co., Philadelphia.—Sale of
Bonds.—Bioren & Co., E. C. Miller & Co. and Newburger,
Henderson
Loeb, all of Philadelphia, have jointly pur¬
chased a block of the new issue of 82,500,000 5% bonds of
1917 from the American Railways Co. and have formed an
underwriting syndicate to underwrite the purchase at an
advanced price. • A public offering of them will_be^made
Net Income.
Year—
stock.—V. 83. p. 1349.
GENERAL INVESTMENT
interest date at 102
1st Charge. Dividends.
Balance.
$4,672,981
$2,978,555 $817,732 $876,694
(estimated)
1905-06 (actual)
3,786,336
2,776,356
815,006
Note.—The above comparison is official.
The currently published
unofficial comparison, Is erroneous, since including Interest on treasury
bonds, $240,000, in Interest, taxes, &c., but not in “other
194,974
but
income.” The
sides of the
it out of the
company’s estimate tills year excluded this Item from both
account; therefore, in order to make comparisons, we have cut
Interest, taxes, Ac., of last year.- V. 84, p. 803
Reduced.—The directors on
payable
rate of
contrasting with the 9% rate which has been
Chicago City Ry.—Dividend
June 3 declared a quarterly dividend of 1)^%,
June 29 to holders of record June 10, being at the
6%
per annum,
In 1901 10)^% was paid, and previous
that for many years 12% per annum.
The present reduction is described as the first step to bring the charges
in force since 1902.
to
of tiie city railway within the income which may
franchise ordinance, which requires a dividend
with the city.—V. 84, p. 930, 746.
be expected under the new
division of the net Income
'
Chicago & Eastern Illinois RR.—Called Bonds.—Indiana
Block Coal RR. bonds Nos. 148, 171, ISO and 195, for $500
each, and Nos. 28, 41 and 63, for $1,000 each, will be paid
upon
presentation at the Farmers’ Loan
York, interest ceasing July 1.
& Trust Co., New
There will then remain only
[VOL.
THE CHRONICLE.
1366
$17,000 of the bonds outstanding, and for these par and
interest is offered as authorized by the railroad company.—
V. 84, p. 1181.
Chicago Subway Co.—Deal Off.— See Chicago Ed son
LXXXIV.
Havana Central RR.—Deposits To June 20.—Speyer & Co.,.
belmlf of J. Henry Schroder & Co. of London, announce
that deposits of bonds and stock will be received until 3 p.m.
June 20 under offer in V. 84, p. 1052, 1307.
*
on
Co.-under “Indi stria’s” below.
Control—Loan.—It is persistently
Hocking Valley Ry.—Dividend on Common Stock Increased.
reported that the en¬ —The directors on Thuisday declared a semi-annual dividend
terprise will hereafter be dominated by J. Ogden Armo ro¬ of 2% on the $11,000,000 common stock, increasing the an¬
an d E. H. Harriman, who, it is asserted, recently loaned
nual rate from 3%, the rate prevailing from the fiist payment
the company $4,000,000 at 0% lor three yea’s for extr usion
in July 1901 to January last, to 4%.
The dividend is pay¬
purpos. s.
Mr. Armour, according to one story , has acquired able, along with the usual 2% on preferred, July 15 to holdeis
ivuhn, Loeb & Cods interest in the property.—V. .84, ]). 220. of record June 22.
Time for Deposits of Stock Under Plan Extended to Oct. 1
Cincinnati Hamilton & Dayton Ry.—Collateral Trust Notes,
(t*c.— The ‘‘Wa'.l Street Joj.mal” jasterday said:
£28 1907. Referring to the plan for the consolidation of the
Offers of 70 flat for any part of their holdings arc being made to the
Hocking Valley Railway Co. and the Kanawha & Michigan
holders of the 515,000,000 4 u % collateral trust notes.
For whom these
Railway Co., Jv P. Morgan & Co. announces that at the
offers ^.re being made cannot be ascertained.
Hie notes were Issued in
1005 at about 07 4. but at the present time there is merely a nominal bid
request of the holders of important inteivs's in these com¬
for them. and an asked price of 65-72. w ith no real market.
The notes rnatuiSept. 1 1008, but are subject to call before that time at 101.
The March panies, the time for deposit of the stocks of said companies,
under said plan has been further extended to and including
Interest coupon was defaulted.
While no confirmation can be officially
obtained, it is rumored that arrangements.have been made for the payment
Oct. 1 1907. (Compare plan, V. 83, p. 271.)—-V. 84, p,1247j
of the face value and accrued interest on the notes in cash and the
of 50
balance In approved securities.
Hudson Valley (Electric) Ry.—New President.—L. F.
One rumor suggests the possibility of :i lease of the property
Loree, President of the Delaware & Hudson Co., has beem
elected Prc sident to succeed the late David Willcox.—V. 84,
jointly to the Chesapeake & Ohio and the Erie RR. Co.
Agreement as to Cere Marquette RR.—See that company p. 51.
below.—V. 84, p. 803.
Interborough Rapid Transit Co.—Extension of Time to
Cincinnati Newport & Covington Light & Traction Co.— Complete Brooklyn Subway.—The Board of Rapid Transit
Subsidiary Reduces Capital Stock.—See Union Light & Power Commiss'oners on June 1 granted the construction com¬
Co. of Covington and Cincinnati under “Industrials” below.
pany an extension of time until May 1 1908 to complete the
Leuse Arranged.—On June 3, tit a joint meeting of the di- subway now building between the Battery, Manhattan and
the Long Island RR. station, Brooklyn.
rectoisof the Cincinnati Newport & Covington Light & Trac¬
New Subway Authorized.—See Rapid Transit in New York
tion Co., Archibald S. White, President of the Columbia Gas
tfc Electric Co., and attorneys representing both corporations,
City below.—-V. 84, p. 1307, 1182.
the lease of the C. N. A C. L. & T. Co., was formally ap¬
Ithaca-Owego Traction Co.—Incorporated.—This company
proved. The shareholders of the latter company will was incorporated in Albany on May 29 with $400,000 capital
meet June 15 to ratify the contract.—V. 84, p. 930.
stock to operate a street surface electric road 40 miks long
Connecticut Railway & Lighting Co.—Stock Offered.—A from Ithaca to Owcgo.
Directors.—George R. Peck, Brooklyn: H. S. Finch, Richfield: S. E.
block of this company’s 4% guaranteed common stock is
Banks, Ithaca.
The sale of the Ithaca Street Railway to A. 11. Flint &
offered at $75 a share by F. J. Lfsman
Co., of New York, Co., Xew York, was
announced last week (V. 84, p. 1807.)
Hartford, Philadelphia and Chicago. The property r .s
Jackson Ann Arbor & Detroit (Electric) Ry.—Sale.—While
leased for 999 years from Dec. 19 1903 to the New York
the preliminary contract of sale to Detroit United Ry. lias*,
New Haven & Hartford RR. for a rental which, with the
been drawn, the term's of sale have not yet been made public.
cash fund on deposit with the Colonial Trust Co., is sufficient
It is uiuleistood, however, that the stockholders will receive
to pay 4% on the common shares up to the year 1914 and
about 4 1-3% thereafter.
This stock is exempt from taxa¬ part in cash and part in new securities to be issued. Com¬
pare V. 84, p. 1307.
tion in New York and Connecticut, as was stated in the copy
Kanawha & Michigan Ry.—Time Extended.—See Hocking
furnished for the advertisement which we printed last week
Valley
Ry. above.
(p. xvii), although through misunderstanding in this
Funding Plan Approved.—The shareholders at the annual
of!ice that statement was perverted into an allusion to
savings bank investments. Compare V. 84, p. 1113, 507, meeting on June 4 ratified the plan for funding the floating
debt incurred for additions and improvements per plan in
390.
Detroit
United Ry.—Acquisition.—See
Jackson Ann V. 84, p. 1182, 1114.
Kansas City Southern Ry.—Extension to New Orleans
Arbor & Detroit Ry. below.
Arrangement for Through Trains.—See Lake Shore Electric Contemplated When Times arc Propitious.—We unde:stand
that the proposition to extend th’s road to New Orleans,,
Ry. below.—V. 84, p. 1307, 1052.
Erie & Jersey RR.—Note Issue.—See Erie RR. below.— while seriously contemplated, will not be carried out at
present unless market conditions' become decidedly more
V. 80, p. 2021.
favorable.
The “Railway Age” of Chicago for May 31 saidr
Erie Railroad Co.—New Mortgage A uthorized for Subsidiary.
the statement last month by President .1. A.
that
r
—
'
—See Genesee Riven* RR. below.
Car Trust Syndicate Dissolved.—The syndicate which in
December 1905 underwrote $7,000,000 car trusts, series “I,”
has been dissolved, a considerable* portion of the issue being
distributed among the* underwriters.
Erie A Jersey RR. Notes.—To complete the Erie & Jeisey
RR. (V. 80, p. 2021), forming a low-grade cut-off fremi H ghlaud Falls, via Campbell Hall to Guymard, in Orange County,
a d stance of 40 miles, that company has negotiates! a sale of
Lake Shore Electric Ry., Cleveland.—The “Cleveland Fi¬
nance” says that the company has effected an arrangement,
with the Detroit United Rv. Co. whereby through limited
trains w.ll shortly bo p it into service between Cleveland and
resumed (V. 84,
The line will
yeais from this month.
The weak has been
p. 093) and will be completed within a year.
Detroit,
6 houis.
obviate the necessity for helper-freight locomotive s and short¬
ens the route for passenger trains on this division of the main
line, and it is believed will make* a gooel return on the money
Lehigh Valley Ry. of New York.—New Stock.—Th s com¬
pany,
200,000 to $13,543,000 to
of its terminal properties at
(re-elected):
pi 1665
was
all owned by the Lelrglv
provide for the improvement
Buffalo and East Buffalo, and
East Wavcrly yard and
yards along the line, the expenditure ($3,850,000)-
improvements of its Manchester and
other
being csitmated to cost:
Improvements at lake front In Buffalo. Including change of
freight
Improvements to ore-handling facilities at Tifft Farm terminal,
including three unloading machines and storage bridges with
dredge buckets and extension of storage floors and frontage . _
Additional freight houses ($250,000) and trackage ($250,000)
Outlet channel to lake, drawbridges for turnpike and dredging
channels, &c
Bulkheads and facilities along lake front
'extension of Fast Buffalo yard to Cheektowaga
Interchange tracks In connection with the Xew York "Central Gardenvllle yards for Xlckel Plate and Lake Shore interchange at
Cheektowaga.
Cost of yard at Depew. including filling, trackage. &c
Coaling station at \V elide.
....
. Terminal classification yards at Manchester and Fast Waverly ,X. Y.
Additional tracks, buildings and sundry facilities at local stations
and yards and along main line
V. 83, p. 38.
.
.
.
Directors—R. Wavcrly Smith, Dan Ripley, George Scaly, C. if
Moore
and L. P. Fcatherstone. Galveston; H. F Bonner of Houston: C. F. Walden,
J. F. Keith and Samuel Parle of Beaumont.
Fcatherstone
whos* capital stock
Valley RR. Co., has been authorized by the New Yoik State
Ra’hoad ConniLsskm to increase its share capital from $11,—
direetois and officers have been elected:
P.
says:
This track is now being rel.ald with heavier rail which removes this
difficulty.
The Lake Shore is planning to buy 10 new cars, several of which
will be equipped with chair seats for this service.
For the present, however,
the regular limited ears will be used.—V. 84. p. 85)0, 887, 158.
158.
Fitchburg RR.—Purchase of Street Radical/.—Governor
Guild of Massachusetts on May 10 signed a bill authorizing
this company to purchase the property and franeh'se rights
e>f the Conway Street Ry. Co., a small line* running out of the
town of Conway in Franklin Cemnty. — V. 84, p. 270, 158.
Genesee River RR.—Mortgage of $0,000,000 for Eric Sub¬
sidiary Com pang.—The New York State* Radroad Comm’ssion on May 31 authorized ths subsidiary of the Erie Rail¬
road Co. to make a first mortgage for $3,000,000, covering
the proposed steam road from Hunts, L.vingston County, to
Cuba, Allegheny County,- a distance of 30 miles. Compare
V. 81, j). 777.
Gulf & Inter-State Ry.—New Officers.—The following
L.
The “Finance”
lx*
in
over.
V. 84, p.
Officers—President,
distance of about 180 miks, the running time to
This, it is said, will bo tin* longest limited run
The matter of running through ears has been under consideration for sonic
time.
One fature which held it up was that the entrance In Detroit was over
a shallow grooved rail which the Lake Shore did not care to operate Its eafs-
strike of the
...
Vice-President.
Charles H. Moore: Secretary, Geo. Sealy: Auditor. F. M. Barnes. Galveston:
Treasurer, R. Wavcrly Smith. President of the First Nat. Bank of Galves
ton. and a director of the Santa Fe; General Manager, F. X. Dever.—V. M,
a
the country.
company’sempleiyecs, which began May 10, was settled em
May 25, the company granting an increase in wages* from 17
to 19 cents per hour, but
without recognizing the union.
—
sur¬
southeasterly, between the Texas & Pacific and Southern Pacific, passing
through a Hell sugar plantation country.
The length of the branch from
Leesvlllc to Xew Orleans will be about 25<* miles, and the distance fromKansas City to Xew Orleans about 918 miles.—V. 64, p. 1182, 804.
$3,000,000 notes secured by $4,000,000 Erie <k Jersey RR.
bonds.
The notes will bear 0% interest anel run for three*
investee!.—V. 84, p. 1247.
Evansville Electric Ry.—Strike Settled.—The
Edson
Following
veys had been completed for an extension to Xew Orleans, It Is now an¬
nounced that right of way- has been nearly all secured for this Important
work.
The Xew Orleans branch will start from Leesvllle, La.. 118 miles
north of Port Arthur, and run southeasterly, through Oberlln and r.unice,
to Crowley on the Southern Pacific, which will
be paralleled as far as
Xew Iberia, 41 miles.
From that point the route runs easterly and then
.
—
400,000'
500,000
850,000
750,000
200,000.
250.000*
250,000
100,000
750.000
250,0.0'
THE CHRONICLE
June 8 1907.i
Lehigh Valley RR.—New Stock for Subsidiary.—S.'c Le¬
high Valley Ry. b low.— V. 84, p. 1248, 158.
Louisville & Nashville RR.—Syndicate Dissolved.—The
syndicate headed by J. P. Moigan & Co., which last July
.underwrote $10,000,000 4% Atlanta Knoxville & Cincinnati
divls'on4%bondsat a price saql to be 98^, has beendsCurrent reports say
solved.
$4,000,000 bonds was sold.
that only about 15%
of the
Application io List.—The New York Stock Exchange has
requested to lisl the aforesaid $10,000,000 Atlanta
Knoxville A Cincinnati Division 4% bonds of 1955.—Y. 84,
p. 749, 508.
Louisville (Ky.) Ry.—Issue of Notes—Further Fads.—
The “Louisville Courier-Journal” of May 30 said:
It was officially announced to-day that the company has created $500.000
of short-term (three-year) notes, of which $300,000 have been disposed of
at par to local institutions.
The notes are secured by $600,000 of the com
pany’s 44% bonds, are in denominations of $1,000, bear Interest at the
rate of 6%, payable semi-annually, dating- from June 1. and may be re
•deemed In part or.in whole at the expiration of one year o*- on any Interest
date thereafter.
The remaining $200,000 will not be sold for some months
the $300,000 being sufficient to take up Immediate obligations.
The pro¬
ceeds of the Issue will be used to pay for new equipment, for power-house
Improvements and for extensions.
The company several weeks ago
authorized an Increase in the common stock from
S12.000.000 to 515,000,000, but the stagnant condition of the security market precluded the
been
par.—V. 8-1, p. 1307, 567.
Low Fare Ry.—Franchises.—The “Cleveland
June 15 contained as advertis unents certain
largely Increased revenue through the greater convenience available.
Similarly a through service by way of Worcester and Nashville through the
Merrlmac Valley cannot fall to benefit materlally.’the public, with resulting
advantage to the revenue of the railroad.
A through service to and from
the State of Maine offers possibilities for revenue not to be lightly considered
—possibilities so large, with such a field for exploitation so near at
It seems little doubt should be expressed of the result.
a
hand,
Bureau” of Tuesday had the following:
banking Interests acting for the New' Haven
people have received nearly 70.000 shares of Boston & Maine stock, and it
Is understood that during the next day or two sufficient shares will have
been received to place the New Haven’s Boston & Maine holdings In excess
of 100,000 shares.
This gives the New Haven people a direct ownership of
about 34 % of the combined common and preferred sharers of capital stock
of the Boston & Maine, including the new stock recently' issued.
The bank
ers acting In this matter are understood to be Lee, Hlgglnson & Co. of
Boston.
The stock of the Boston & Maine secured was formerly ow7ned
largely by Lewis Cass Ledyard and the American Express Co. and others
sale of new stock at
granted by the city
June 4.
on
Leader” of
franch.’s s
council and approved by the Mayo •
Compare V. 84, p.
1367
1307.
Michigan Central RR.— Sale of New Bonds.—Moffat A
Wh.te and ('lark, Dodge A Co., both of New York, have pur¬
chased, and.it is Liidersiood, have largely placed a block of
$1,500,000 M;chigan Central RR. Co., Joliet & Northern
Indiana RR. Co. 50-year li sr mortgage 4% gold bonds, dated
July 10 1907 due July 10,1957, intenst payable Jan. 10 and
The “Boston News
During the past few days,
of the leading
stockholders of the Boston & Maine.
of these stockholders wen* closely associated with the Vander¬
bilt Interests, and. In fact, the American Express Co., hitherto the largest
stockholder In the Bdston & Maine. Is closely affiliated with the Vander¬
bilts. It is understood that the New York Central has an option to buy
As many
the
same
would
This
call
New Haven’s holdings In the New York Ontario & Western at the
price paid for them by the New Haven a few years ago.
for nearly $15.000.000 cash, and In some quarters It Is considered
if the New York Central will avail Itself of this option.
doubtful
Listing of New Stock.—The New York Stock Exchange
that the “$91,878,100 of stock of the present
has authorized
A Hartford RR. Co. be sub¬
the old New York
the list,” and that
the committee be empowered to add to the list from time to
time, but prior to Jan. 1 190S, $30,000,000 additional of
said stock, on official notice that it has been issued in ac¬
cordance with the terms of this application.
The appli¬
cation says:
“This additional stock will bo used mainly for
the purpose of acquiring in this company’s interest shares of
the Boston A Maim4 RR.-, which when acquired will be a
The company further reports:
treasury asset.”
merged New York New Haven
stituted for the same amount of stock of
New Haven A Hartford RR. Co. now on
hereof, there have been authorized to be listed before
$99.(*69.000 capital rtock of the New York New Haven & Hart¬
The actually Issued and listed stock on May 31 1907 was $91,ford RR.
878.100.
The balance of the capital stock authoilzcd to be listed as afore¬
said, amounting to 71.909 shares, will not be Issued under or In accordance
with said authorizations.-—Compare V. 84. p. 1308. 1212.
Prior to the date
July 1 1907
July 10.
This amount is part of an authorized iss ;e of
$3,000,000. The pioceeds of the $1,500,000 now sold will
be used to refund $>00,000 Joliet A Northern Indiana 7s
Earnings, Investments, At,—Prrgcdcnt Mellon, at the
maturing July 10 next, as well as to provide funds for track
stockholders’
meeting on May 31, is qroted as saying:
elevation in Joliet, Ill., and for betterments and improve¬
Earnings.—We have completed approximately ten months of the present
of
the
ments
pre s mt line.
fiscal year, and 1 think a fair estimate of the results for the year ending
These bonds are a direct obligation and are Issued by the Michigan Cen¬
June 30 1907 can be made,
I approximate the surplus over and above all
tral HU Co., being secured also by a first mortgage on all of the property of
fixed charges, Including dividends this year, to be between $2,750,000 and
the Joliet & Northern Indiana HR. Co.
The latter company is controlled $3.ooo.ooo In excess of the dividend requirements.
through stock ownership by the Michigan Central, which has a perpetual
Improvements, Additions and Investments Since July 1 1903.—The amount
lease of all its property.
The Joliet & Northern Indiana has been a part of of money that has been expended has been large, and approximates from
the Michigan Central system since It was leased In 1854. and forms Its prin¬
July 1 1903 to May 21 1907 $157,000,000.
Out of this sum $97,750,000
cipal route for Western traffic In connection with the Illinois Central, Chi¬
have gone for Investments In securities of other companies, which are paying
The line the interest upon
cago Rock Island & Pacific and the Chicago, & Alton railroads.
the cost of their Investment.
Out of the balance $37.extends from Lake, Ind., to Joliet. 111., a distance'of about 45 miles.— V.
000,000 has been spent for real estate, new equipment, secr.nd, thbxi and
84. p. 874 864.
fourth tracks and the electrification of the New York Dlvl-Ion: and there
Milwaukee Northern (Electric) RR.—Mortgage.—- A mort¬ was no possible way that I can conceive of by which any administration
could have avoided these expenditures.
1 can concelv * of nothing that has been done or contemplated that can In
gage dated April 15 1907 has been liled to the Fidelity Trust
Co. of Milwaukee4, as trustee, to secure an issue of $4,000,000 any way Impal- the ability of the company to earn and pay Its dividends,
and. with a good surplus, to reinforce those dividends as against a recession
of 30-year bonds.
The company was incorporated in Novem¬ in business; and I am unable to account, except that the company has been
engaged In a great many transactions, for any apprehensions or uncertainty
ber 1905 with $100,000 authorized stock, which on April 30
doubt regarding tin* stability of any Investment In any class of the com¬
1907 was increas'd to $1,000,000.
Its line, as projected, or
pany’s securities.
far as my Information goes there are none of the Investments that have
So
will extend from Sheboygan, Wis., to Milwaukee, 60 m los.
been made by the company but that could be disposed of at very handsome
Of the bonds (denomination $t,0oo each), $2,500,000 arc Issuable at
advances, even In these times of tight money. In excess of the cost price,
once and the remaining $1,500,000 when the road Is completed to Pond du
indeed, with some of the investments of the company It has been with
Lae.
The officers are: President W. H . Comstock: Secretary, F. \V. Walk¬
great difficulty that we have fenced off parties wdio were desirous of ac¬
er, and Treasurer, Henry A. Halgh.
Company Incorporated In Wisconsin quiring them at our hands, and at prices that seemed very, very attractive
n Nov. 1905.
to the'directors, and hut for the desirability of keeping the system Intact
what It could do as it is constituted,and having In mind the doubt
Mississippi Central RR.—Called Bonds.—The company knowing
anti uncertainty that might come about from Its dismemberment, like
will redeem $42,000 fiist mortgage bonds of 1905, Nos. 43
parting with Its steamboats. Its trolleys. Its Poughkeepsie Bridge line,and
other lines. I think the prices offered us would have tempted us almost be¬
to 84 inclusive, at the office of Harvey Fisk A Sons, No. 02
yond the power of resistance.
Cedar St., New York City.—V. 83, p. 1229.
Increase In Wages and (xar Demurrage.—The only uncertain, unhappy
the management has to contend are the demands of
Missouri & North Arkansas RR.—Construction by Reorgan¬ elements with which
organized labor, which are tremendous, and which will cost us this coming
ized Company.—The “Railway and Engineering Review” of year In the vicinity of $800,()()() for Increases In wages, and the unfortunate
situation wTe are In with regard to the freight-ear demurrage, which will
Chicago recently said:
Therefore I have to look
make another $800,000 Increase In our expenses.
The Missouri & North Arkansas, we are officially advised, has at the mo¬
In the face from July 1 1907 an Increase In the expenses of this company
of $1,600,000 from these two Items alone.
ment 30 V-i miles between WoodrulT and Neosho, Missouri, under construc¬
I regret to say, so far as the
tion; the grading should be completed in July.
The road also has under con¬ organized labor Item Is concerned, that I am meeting a constantly decreased
tract 90 miles of grading and bridging from Leslie. Searcy County, southeast
efficiency with every increase granted In wages.
The earnings are exceedingly good at the present time.
They run from
to Searcy, White County, the grading to be completed Jan. 1 next.
Within
from $400,000 to $500,000 a month In excess of last year, but very little of this Is
the last few days contract has been let for about 40 miles of work
northwest
the
Hats
eastern
Arkansas,
work
be
Helena
through
of
the
to com¬ net.and very little of It will be net and 1 think the company will he fortu
There will probably be an additional 40 miles or there¬ nate If It can maintain Itself, making the necessary reductions on Its rates
pleted this year.
abouts to let this fall, folning the work recently let from Helena northwest
from time to time that are required, making also the necessary Increases
with the section from Leslie to Searcy.—V. 83. p. 492.
In wages that are required, continuing a reasonable scale of Improvement
If It shall maintain a handsome surplus while protecting hs
New Orleans Great Northern RR.—New President.— expenditures.
Nothing that I shall ever consent to will In my judgment
8% dividend.
Charles W. Goodyear has been elected President to till the Impair the ability of the company to continue Its present rate of dividends.
Merger.—The merger adds $30,000,000 of capital to the New York
vacancy caused by the death of his brother, Frank P. Good¬
New Haven & Hartford RR., of which $20,000,000 Is that of the New Eng¬
land Navigation Company’s earlier merger, with the $10,000,000 of the
year. "General Counsel M. E. Olmstead of Harrisburg,
Consolidated Railway Company, the greater company to retain the corpo¬
has also been elected Vice-President.—V. 82, p. 987, 869.
rate name of the New York New Haven & Hartford R.R. Co.
Compare
New York New Haven & Hartford RR.—Purchase of V. 84,p. 1308,1242. 1114.
Norfolk & Western Ry.—Syndicate Dissolved.—The syndi¬
Boston A* Maine RR. — President Mellon on Thursday, in a
letter addressed to Gov. Guild of Massachusetts, announced cate headed by Brown Bros. A Co., which last year under¬
the purchase in the company’s interest of a large stock holding wrote $5,000,000 “divisional first lien general mortgage *4%
bonds of 1944,” has been dissolved, the unsold portion of
in the Boston A Maine RR." which it is proposed to exchange,
the issue being distributed among the subscribers.—V. 84,
share for share, for stock of the New York New Haven A
Hartford RR.. with the option to the holders of the remaining p. 1248, 1053.
shares of that company to exchange their holdings on the
Ohio River Passenger Railway.—New Enterprise.—This
same terms.
President Mellon s letter says in substance:
company, apparently an ally of the Steubenville A East
In answer to your favor of even date, let me say: Interests identified with
Liverpool Railway A Light Co. (V\ 84, p. 1249), is reported
my company have acquired a large stock Interest In the Boston & Maine
to have filed at Harrisburg, Pa., a certificate of increase of
RR. ana have entered Into an agreement to acquire such additional stock
as may desire to avail of the terms within a reasonable time In the future.
capital
stock from $70,000 to $1,000,000, and a
The basis of such acquisition made and proposed has been the exchange
of increase of indebtedness to $1,000,000, consisting of first
of shares of the two companies share for share, with a commission to be paid
by Boston & Maine shareholders of 75 cents per share, a similar commission
mortgage bonds of $1,000 each.
Van Horn Ely is President.
being paid by the purchasers.
While no shares of Boston & Maine stock are held by my company and It
Pennsylvania Railroad Co.—Withdrawal of All Commuta¬
has not been proposed any shall be, still It is unquestionably true the pur¬
tion Rates in Pennsylvania —This notice was issuedon June 3
chases are made and held for Its account In the hope and belief that an ulti¬
The company Is quite confident that the litigation It has instituted in
mate union of the two properties will be permitted.
No stock has been or
the city of Philadelphia to test the validity and constitutionality of the
will be issued in connection with this purchase against which a charge of
maximum passenger rate bill, recently enacted In the .State of Pennsyl¬
stock watering or Inflation can lie, for every share of New Haven stock
vania, will result In a decision holding the said Act to be unconstitutional
Issued will represent a share of Boston & Maine retired, and no capital will
and non-enforeeable.
It Is hoped and expected that such final decision
be outstanding on which dividends must be paid more than at the present.
will be reached before October 1 1907, when the law becomes effective.
It Is our confident belief an Increased service without transfer through the
Nevertheless, It Is possible that a decision may not be reached by that time.
Connecticut Valley through the union of these properties under a common
control and ultimately by consolidation will result In the development o
,
Pa.,
~
certificate
•
Therefore, In view of the rapidly Increasing cost
of operation to which the
company Is subjected, and the loss of earnings which would necessarily
result If the said Act should be enforced, It manifestly becomes necessary
and proper that the management should Immediately consider measures
for preserving Its passenger revenues as far as it lawfully and
may.
The President of this company In a letter to the Governor of Pennsyl¬
properly
vania, under date of April 3 1907 (compare V. 84, p.
868), stated, after
quoting detailed statistics:
“I would draw your attention to the fact, shown by these figures: (1) that
In 1906 the lines east of Pittsburgh failed to earn 6 % on the capital Invested
In doing a passenger business by $600,000; (2) that if the rates had been
on the 2-cent basis the receipts would have been less by $2,600,000, making
the deficiency (without any consideration of a surplus), $3,260,000.
“It will be recalled that on Nov. 1 1906 the company voluntarily reduced
Its maximum passenger rates to 2 H cents a mile,
in order, therefore, that
It may be in a position to protect Its earnings, the company Is compelled
to announce that it may be necessary on or before Oct. 1 1907 to materially
readjust such of Its fares as are now less than 2 cents a miles.’'—V. 84, p. 1183.
Pere Marquette RR.—Plan.—Negotiations were completed
this week between J. P. Morgan
Co. and the Pere Mar¬
quette stockholders' protective committee by which a plan
agreed upon that will be submitted to the stockholders
was
for approval.
The plan provides, it is reported, for the stock¬
holders' raising $5,000,000 to discharge the company's in¬
debtedness, for the cancellation of the lease to the Cincinnati
Hamilton &
Dayton RR. and the restoration of the company
to the control of the
Formal announcement of
stockholders.
few days.—V. 84, p. 8G8, 804.
Philadelphia Baltimore & Washington RR.—Proposed
Increase of Indebtedness.—Notice is given by advertisement
that the shareholders will meet July 31 to vote on “the ques¬
the
plan will be made in
tion of
an
a
increase in the indebtedness of the company, as
proposed by resolution duly adopted by the board of direc¬
tors on the 31st day of May 1907 a certified copy whereof
meeting.''
ending March 31:
will be submitted to the
Earnings.—For
Gross earnings
Net earnings
Other Income
Net Income
—V.84, p. 992,
year
$16,167,6871 First charges
3,295,3991 Dividends (4%)
$1,545,862
939,742
793,1281 Kxtraord. expenditures.
4,088,527 i Balance, surplus
1,562,389
40.534
749.
Philadelphia & Easton Ry.—Foreclosure Sale.—This
company's property was bid in at foreclosure sale at Doylestown, Pa., on May 31 for $100,000 by Carroll R. Williams
of Philadelphia, representing the bondholders' committee.
See page 37 of “Street Railway" section.—V. 81, p. 1044.
Philadelphia & Western Railway.—Successor Company.—
This company was organized at Philadelphia on Thursday
as successor of the Philadelphia & Western Railroad, recently
foreclosed.
The present capitalization, it is said, wall be
$4,000,000 bonds out of a total authorized issue of $20,000,000 (the remaining $16,000,000 being held for extensions
and permanent improvements) and $600,000 preferred stock
and $3,400,000 common stock.
Officers and directors:
Officers.—President. George R. .Sheldon; Vice-President, Thomas Newhall; Secretary and Treasurer, Davies Murdoch.
Directors.—George R. Sheldon, Randolph Rodman, James H. Brewster
Wiliam H. Simms, W. Robinson Mollnard and
Joseph S. Clark.—V. 84, p. 1248.
Jr., Thomas Newhall,
Providence & Burrillville Street
Co. below'.—V. 80, p. 2345.
Ry.—Sec Rhode Island
Qu’Appelle Long Lake & Saskatchewan Railroad & Steam¬
boat Co.—Proposed Change in Trust Deed.—The holders of
debenture stock secured by trust deed dated Oct. 17 1906
wrill meet in London on June 25 to vote on making certain
modifications of the provisions contained in the said trust
deed.—V. 83, p. 1099.
Rapid Transit in New York City.—New Brooklyn Subway.—
The Board of Estimate on June 5 granted the application of
the Board of Rapid Transit Commissioners for authority
advertise for bids for construction alone, instead of
both construction and operation, of the proposed Fourth Ave¬
to
Subway in Brooklyn, forming part of the proposed triBorough route, extending as foliowrs:
nue
From
Chrystle Street, Manhattan, over the new Manhattan Bridge and
through the extension of Flatbush Avenue and Fourth Avenue to Coney
Island, with a spur to Fort Hamilton.
The estimated cost Is about
$21,000,000.
«_
It Is expected that the Rapid Transit Commissioners, or their successors,
the Public Utilities Commission, who take office on July
measures to prepare the form of contract and advertise
l.wlll take prompt
for bids.
Loop Contract.—The Rapid Transit Commission last week
awarded the contract for the construction of
a
section of the
subway loop on Centre Street, between Canal and Broome
streets, to the Cranford Company, the lowest bidder, for $2,210,000. Compare V. 84, p. 869.
New Law as to Issuance of City Bonds.—See “New York
City" in “State and City" Department, on a subsequent page.
—V. 84, p. 1248, 1053.
Reading Company.—Equipment Trust Certificates “E”
Not Sold.—We are authoritatively informed that the equip¬
ment trust certificates, series E, have not yet been sold.—
V, 84, p. 1308.
Rhode Island Company.—Merger or Amalgamation.—It
was announced in Providence on May 31 that this company,
controlled by the New York New Haven & Hartford RR.
(compare Rhode Island Securities Co. V. 84, p. 1114), had
arranged to take over the Providence & Burrillville (V. 80,
p. 2345) and the Columbian & Woonsocket Street Railway
companies.—V. 76, p. 543.
Rio Grande Sierra Madre & Pacific.—New President.—H.
R.
Nickerson, formerly Vice-President of the Mexican Central
has been elected President to succeed Col. W.C. Greene, and
also a member of the executive committee and the board of
directors.
G. D. Cook, of George D. Cook & Co., bankers,
of New
board.
fVOL.
THE CHRONICLE
1368
York,
was
also elected
•
a
member of the reorganized
.HilLfi...
.
.
LXXXXV.
Extension.—The road, winch is in operation from Ciudad
Juarez to Terrazas, Mexico, 162 miles, will be extended on
the South about 160 miles to Temosachic,to be completed
in about a year.
The line will reach a timber and mineral
section of some 2,500,000 acres, owned by the .interests
identified with the railroad.
The road is projected to Guaymas
on
the coast.
The Sierra Madre & Pacific RR. was incorporated early in
the year, capitalized at $6,000,000 gold,
line from Guzman easterly to a connection
Yaqui River & Pacific
now’
400 miles.—V. 80, p.
1112.
being built,
a
to extend the
with the Cananea
distance of about
St. Louis Iron Mountain & Southern Ry.—Offering of
Equipment Bonds.—Townsend Whelen & Co., Henry & West
and Bioren & Co., all of Philadelphia, are offering at prices
to net the investor 5J^% interest the unsold portion of the
$3,660,000 5% equipment gold bonds dated June 1 1907
which w’ere described in our issue of May 4, page 1053.
Interest payable June quarterly at the office of Townsend
AVhelen & Co., Philadelphia, or the Mercantile Trust Co.,
Newr York.
Denomination $1,000 each—coupon or regis¬
tered.—V. 84, p. 1053, 627.
Scranton (Pa.) Street Ry.—Capital Stock Pledged.—See
American Railways Co. above.—V. 81, p. 1850.
Steubenville & East Liverpool Railway & Light Co.—
Ally.—See Ohio River Passenger Ry. above.—V. 84, p.1249.
Trenton Lakewood & Atlantic Ry.—Receivership.—At
Trenton, N. J., on June 5, Vice-Chancellor Bergen appointed
John M. Dickinson of Trenton
in the suit brought by Peter
as
receiver for
the company
Schlicher of Trenton
on
the
The company was capitalized at $1,000,000, and deposited with the
Treasurer $80,000 under the law requiring a deposit of $2,000 a mile.
State
ground of insolvency.
The “Trenton American" of
May 15 said:
The
only portion of the road ever really constructed was 6 miles from Lakewood
Point Pleasant. In December, 1905, the capital was increased to
$2,500,000, but the bill filed states that none of this stock was ever issued.
The deposit with the State Treasurer was afterwards withdrawn.
Mr.
to
Schlicher avers that the money deposited with the State Treasurer and that
used to acquire the right of way.and In construction was largely raised on
promissory notes, endorsed by the directors, Including the complainant;
that the company owns no property, other than that acquired for the right
of way, and Is Insolvent.—V. 82. p. 282.
Union Pacific RR.—Statement by President Ilarriman.—
President E. H. Harfiman is quoted as saying:
Any report that the Harrlman lines need more money than will be raised
under the recent financial plan has no basis of foundation In fact.
There
have been no recent attempts by the Harrlman lines to raise funds abroad.
Six months ago negotiations were carried on for placing $50,000,000 4%
bonds of the Union Pacific In Europe through Paris.
The Issue would
have been a success except for the attack on railroad corporations In this
country early in the year.
Otherwise $50,000,000 would have been brought
here from Europe at a time our markets urgently needed It.
A different
plan of financing was followed, as recently announced.
ThereJs no truth
In the statement that a policy of sweeping retrenchment has been inaug¬
urated on the Union Pacific and Southern Pacific on account of fear of the
future.
The management of the Harrlman lines Is taking all the steps
necessary to keep its plant and equipment In a foremost position amongst
the Western roads and In a position properly to cope with their tremendous
growth of business.
No extensions Into new fields, however, are being
planned.—V 84, p. 1183, 1115.
United
Railways & Electric Co., Baltimore.—No Interest
Incomes—Scrip for June Coupon of Deposited Incomes.—
The directors on May 31, in view of the report of earnings,
decided not to pay the half-yearly interest on the income
bonds and the preferred stock.
Holders of income bonds
who have deposited these with the Maryland Trust Co. will
receive scrip for the June coupon in the funding 5% bonds
on presentation to that company under the plan.—V. 84,
p. 1115, 993.
United Traction Co., Albany.—New President.—L. F.
Loree, President of the Delaware & Hudson Co., has been
on
President
V. 84, p. 932, 52.
elected
to
succeed
the
late
David
Willcox.—
Virginian Railway.—Mortgage.—The mortgage filed last
week to the Central Trust Co. of New York, as trustee, pro¬
vides for the issue of 5% gold bonds to an amount not ex¬
ceeding $33,500,000 on the present main line now under con¬
struction, from Deepwater, W. Va., on the Kanawha River,
to
Sewall's Point, near Norfolk, Va., a distance of 442 miles.
are dated May 1 1907 and will mature May 1 1957. but are
subject to call at company’s option at 110 on any Interest day
Denomi¬
nation $1,000.
Interest payable Nov. 1 and May 1 at office of trustee.
Of the aforesaid $33,500,000 bonds $20,000,000 are Issuable forthwith to
pay debts of acquisition and construction, and the remaining $13 500 000
may be used for the completion of the aforesaid
442 miles of single-track
main line.
Further bonds may be Issued under the mortgage for new con¬
struction In the future as follows:
For each mile of single track extension
of main line. $75,000; for each mile of single track on any branch line.
$50 000: for each mile of second track on main line. $50,000.—V. 84, p.
The bonds
1308. 1249.
Washington (D. C.) Terminal Co.—Bonds Listed.—The
New York Stock Exchange has listed the $10,000,000 out¬
standing first mortgage 33^j% 50-year gold bonds (total issue
limited to $12,000,000).
Guaranty Endorsed on Each Bond.
For value received, the Baltimore & Ohio RR. Co. and the Philadelphia
Baltimore & Washington RR. Co. hereby jointly and severally guarantee
to the holder of the within bond the due and punctual payment by the Wash¬
ington Terminal Co. of the Interest upon the said bond In gold coin of the
United .States of America, of or equal to the present standard of weight and
finenesses the same shall from time to time become due, and also the pay¬
ment of the principal of the within bond In like gold coin when the same shall
be or become due.
In witness whereof, the Baltimore & Ohio RR. Co. and
the Philadelphia Baltimore & Washington RR. Co. have caused this guar¬
anty to be signed by their respective Presidents, or other person duly au¬
thorized thereto, and their corporate seals to be hereunto affixed, duly at¬
tested this first day of February 1905.
Engineers' Estimate of Total Cost of
Work and Real Estate.
Real estate
$2,993,0071 Additional mall facilities..
$82,000
Tunnel and south approach 2,002,8521 Other expenditures
1,313,924
Term, bldgs. & north ap’ch
Total of all
$15,504,832
“There has been expended In this work to March 31 1907 $11,117,608.
—V. 84, p. 869.
•
-
9.113.0491
June 8
1369
THE CHRONICLE.
1907.]
Ry., Boston.—New Stock at Auction.—
Commission has authorized the sale at
auction of 1,130 shares of common stock unsubscribed for
under an order of the board of March 30.—V. 84, p. 932, 805.
Whatcom County (Wash.) Railway & Light Co.—Re¬
duction of Capital Stock.—This New Jersey corporation gives
notice of a reduction of its capital stock from $1,050,000,
consisting of $750,000 common and $300,000 6% noncumulative preferred, to $750,000, by the retirement and can¬
cellation of the entire authorized issue of preferred stock,
of which $220,000 was really outstanding.—V. 82, p. 1042.
Wheeling (W. Va.) Traction Co.—Franchise Ordinance
West End Street
The Mass. Railroad
ments force action upon them, and think that ample financial resources
should be provided In advance.
So far as the general outlook is
It Is most favorable, returns from every class of our business showing con¬
tinual Improvement.
The first five months of this year show an Increase
about $600,000 over the same months last year, as the net of your company;
while the surplus over and above all requirements for the same first five
months Is abuut sufficient to meet the full dividend for a whole year on the
new Issue of stock.
concerned.'
of
Conversion Price.—The issuance of the aforesaid
additional
stock will reduce the price at which the $100,000,000 converti¬
ble bonds may be converted into stock from 140 to 134 2-7.
(See basis of calculation in V. 82, p.
570).—V. 84,
p.
1250,
1054.
Ash Meadows Water Co., Nevada.—New Enterprise.—This
company,backed by Scranton, Pa., capital, was incorporated
Adopted.—Shortly after midnight on May 29 the ordinance under the laws of Maine in August 1906 with $5,000,000
amending this company’s franchise was passed by the City capital stock to supply a number of mining towns in Nevada,
Council of Wheeling by a vote of 9 to 5 in the first branch and has begun the installation of a water system which will
and by a unanimous vote in the second.—V. S3, p. 753.
supply the Greenwater and other mining districts in southern
Whitehall & Granville (Electric) RR.—Increase of Stock— Nevada with water.
A Scranton paper recently said:
The company has secured the only practical water supply in the OmarBonds —The company obtained from the State Board of
desert, In Nevada. The supply consists of three enormous springs
Railroad Commissioners permission to increase the au¬ gosa
from which flow about 12,000,000 gallons of water of sparkling purity each
thorized capital stock from $400,000 to $700,000 or $790,000 day. This enormous flow disappears again In the ddsert without leaving
and to make a mortgage to secure $700,000 bonds on can¬ the company’s property. There Is no water shed to take care of and pro¬
tect and no riparian rights to look after.
The water will be conducted at
cellation of the earlier mortgage for $400,000.
once to Greenwater, which Is one of the richest mining developments In
The
>any
company
was
Incorporated Sept. 11 1900 to build a road from
Whitehall. N. Y., to West Pawlet, Vt., about 22 miles, and authorlied bond Issue of $400,000 of 30-year 5% bonds, of which at last account*
none had been issued.
President, Emmett J. Gray, Whitehall N. Y.;
Vice-President, Eugene R. Norton, Granville: Secretary, Chaa. I. Baker.
Troy, N. Y.; Treasurer. Daniel D. Woodward, Granville, N. Y.
York County Traction Co.—Bonds Called.—This company,
having arranged to acquire $1,087,000 5% bonds of 1950
out of a total of $1,213,000, will pay off the remaining
$120,000 bonds on July 1 1907 at the Real Estate Trust Co.
of
Philadelphia, trustee, at 110 and interest.
acquired by Brown Bros. & Co. of Phila¬
delphia and associates In April 1906 (compare V. 82, p. 989, 871), and the
payment of the aforesaid bond issue, It Is understood. Is preparatory to the
organization of a new holding company and the making of a new first mort¬
gage.—V. 82, p. 989.
The control of the company was
i
INDUSTRIAL, GAS AND
MISCELLANEOUS.
Acushnet Mill Corporation, New Bedford, Mass.—Extra
Dividend.—The company on May 2 was paying an extra
dividend of $50 per share out of the accumulations of years
past. A press report says:
This corporation has paid an average of 16% per annum since 1893,
when Its capital stock was reduced from $1,000,000 to $500,000.
The divi¬
dend now being paid Is the first extra In fourteen years, the dividend of
$20 In 1900 simply averaging up because of the reduction to $12 In 1898.
The mill was Incorporated In 1881 and Its stock sold at 80, Its lowest, In
In 1903.
American Car & Foundry Co.—Dividend on Common Stock
Increased.—The directors on June 3 declared a quarterly divi¬
dend (No. 19) on the $30,000,000 common stock, the amount
1882, and at 378, Its highest,
stockholders of record June 6.
The usual quarterly dividend of 1%% was declared also on
the $30,000,000 preferred stock.
Dividends were resumed
last January on the common stock, after an interval of three
years, at the rate of 3^ of 1% quarterly.
being 1%, payable July 1 to
Divs.
com-l ’00. ’01*02.
1
2 y’rly.
933.
on
men
—V. 84, p.
’03.
4
’05.
10
'04.
’06.
0
1907.
Apr.,
Jan.,
American De Forest Wireless Telegraph Co.—Property
Transferred.—See United Wireless Telegraph Co. below.—
V. 84, p. 104.
American Dock & Trust Co., New York.—Bond Issue.—
Secretary A. B. Pouch announced a meeting of the stock¬
holders to be held at the office of the company, Arrietta St.,
Tompkinsville, Richmond Borough, N. Y., on May 22, to
bonds
N. Y.
Owns docks,
heretofore.
President, Frederick H.
Ac., at Tompkinsville, Staten Island,
Pouch. New York office, 68 Broad St.
(room 72).
on
and later to other near-by districts. Water at
Greenwater at from $7 50 to $12 per barrel.
the present time
The ores from
Tonopah, Goldfield and Rhyolite will be brought to a point which will be
supplied by the company for treatment.
Water which sells here (at
Scranton) at 6 cents per 1,000 gallons Is selling at the latter places at from
$5 to $10 per 1,000 gallons.
The officers are: President, C. D. Simpson;
Vice-President, L. A. Watres; General Manager, George B. Poore; Secretary
and Treasurer, Edwin W. Gearheart (all of Scranton).
Others Interested
are Judge L. O. Ray of Rvollte, Nev.. and H. M. Brady of Scranton.
Baltimore Electric Co. of Baltimore City.—New Stock.—
The shareholders will vote June 28 on increasing the capital
stock from $3,400,000 to $3,750,000, divided into
shares of the par value of $50 each, whereof 50,000
($2,500,000) shall be common stock and 25,000
75,000
shares
shares
($1,250,000) shall be 5% cumulative preferred stock.
Mortgage Filed.—The company has filed a mortgage for
$7,500,000 to the Northern Trust Co. of Philadelphia as
trustee (compare V. 80, p. 1060).
Officers.—The following officers are announced:
President, David E. Evans: First
Vice-President, Sydney L. Wright; 2d
Vlce-Pres. and General Mgr. B. S. Josselyn; Sec., W. T. Spring; Treas.,
F. Bonsai.
Among the directors are: David E. Evans, John Waters,
ney
and
B.
Syd¬
Callaway, F. A. Furst, Wm. Redwood Wright,
L. Wright, Frank H.
Frank Battles—V. 84, p.
1116.
Works.—Sold.—This property,
including a plant at Baltimore and 7th streets, llighlandtown,
Md., with “an annual output of 40,000,000 cubic feet” of
gas, has been purchased by H. G. Runkle and associaties of
New York.
Joseph Schreiber, who sold out, says:
Baltimore Suburban Gas
I received a franchise from the County Commissioners of Baltimore Coun¬
ty In 1903, with the Idea of furnishing gas at the price of 90 cents per 1,000
feet, which I did for a period of about nine months, thus helping to develop
the rapidly growing section in Hlghlandtown and its vicinity.
sufficiently patronized, I was forced to reduce the price to 75 cents per 1,000
feet In 1904, and I have struggled ever since to make a living at that price,
without success.
Not being
Butte
Central
&
Boston
Copper
Corp.—Reduction of
Capital Stock.—The shareholders at the meeting in Portland,
Me., on May 22 voted to reduce the authorized capital stock
from $15,000,000, consisting of $5,000,000 preferred and
$10,000,000 common stock, to $6,000,000, of which $2,000,000 will be 7% cumulative participating preferred and
$4,000,000 common stock. Compare V. 84, p. 1116.
Butte Coalition Mining Co.—Report. -For cal. year 1906:
$880,000 Expenses
144,713 Quar. dlvs. (1 A 2), 5 1-3 %
Dividends received
Interest
$1,024,713
Total Income
Dividend No. 1,
$24,121
800,000
$200,592
Balance, surplus
paid Sept. 17 1906, was 2 2-3%; No. 2,
i$suing$l,000,000firstmort.bondsof $1,000 each. paid Dec. 17 1906, 2 2-3%; No. 3, paid March 19 1907,
corporation. Authorized capital
$1,000,000; outstanding at last accounts, $500,000; par $100. No 3 1-3%; No. 4, payable June 26, 3 1-3%.—Y. 84, p. 451, 392.
vote upon
The compariy Is a New York State
stock,
the country,
Is selling at
American Smelting & Refining Co.—Increase
Common Stock.—The directors on Tuesday
in Dividend
declared a
quarterly dividend of 2% on the $50,000,000 common stock,
placing this stock on an 8% basis, contrasting with 5% yearly
from 1904 to July 1905 and 7% yearly from October 1905 to
April 1907. The dividend is payable July 15 to holders of
record June 28.—V. 84, p. 392, 222.
American (Bell) Telephone & Telegraph Co.—Option to
Subscribe to New Stock.—Shareholders of record June 15 are
offered the right to subscribe at par, $100 a share, on or be¬
fore June 25 for $21,925,200 new stock, to the extent of one
share for every six shares of their respective holdings.
Sub¬
scriptions are payable 50% July 25 and the remainder Oct.
25.
The new certificates will be delivered as soon as possible
after Oct. 25.
Interest at the rate of 5% per annum, being
134%, will be allowed for the three months ending Oct. 25
on the first installment of the subscriptions, payable July 25.
The proceeds of the issue will be used for extensions and addi¬
tions.
circular dated June 6, says:
of the past few
created more
than
anticipated,
sense.
companies In
service much higher than the average
profitable
the already existing
be
much less
be entered upon
except such as Is made necessary by the absolute demands of the business.
The company has ample resources (not Including the proceeds of the new
Btock) to meet all anticipated needs for the current year, without In any
way Increasing the already existing commitments.
The directors, however
think it wise to act in anticipation of requirements rather than let require¬
President Vail, in a
The great demand for telephone .service
years
of a call on the various companies for new construction
was
and madn great demands on the ability of the
every
The present demand Is for a class of
of the past few years, and Is utilizing in a
way
facilities of the various sub-companies.
The needs for new construction for the current year will
very
than those of last year, and no new construction will
Sheet.—
small rival
Butte (Mont.) Water Co.—Acquisition—Balance
This company, it is said, recently purchased a
concern,
the Moulton Water Co., for
$300,000.
BUTTE WATER CO. JAN. 31 1907.
Liabilities ($3,826,909).
Assets ($3,826,909).
$1,000,000
Real estate
$3,000,000 Capital ‘stock
~
36,338
Cash and debts receivable.
826,909 Accounts payable
Funded debt
2,000 000
Surplus and profit and loss
790,571
BALANCE SHEET OF
__
Stock
$500
Mercantile Trust
$2,000.000.—
vdS
The capitalization of the Butte Water Co. was at last accounts:
authorized, $1,000,000; par, $25; first mortgage gold 5s, denomination
and $1,000, dated July 1 1901, secured by mortgage to
Co., Boston, trustee—authorized $2,500,000, outstanding
V. 78, p. 2336.
4 • m .-jc -a - .-•»
~
Canada North-West Land Co. (Limited), Toronto.—R$tum
of Common Capital Stock.—This company, whose capital
stock is said to be owned “almost entirely by Canadian P&djQo
Railway interests,” retired last year its remaining pre¬
ferred shares.
A pari passu return of 50% of the capital
of the common shares, being $12 50 per share, was re-paid on
March 15 1907 to the holders of record Jan. 31 1907, and
further amounts up to $24 in all, it is said, will be distributed
as and when assets are realized from time to time, leaving
only $1 per share to pay dividends on. Compare V. 82, p.
394; V. 79. p. 2644.
Chicago Edison Co.—Deal Off.—“Chicago Tribune” says:
It is officially announced that the Chicago Subway-Edlson deal Is off.
The plan provided that Chicago Subway interests take over the control of
the Edison company at a price In securities of $200 a share.
The deal
worked so slowly that the Chicago Edison management finally decided to
Issue $5,000,000 of short-term notes in order to finance its needs. (V. 84, p.
1054, 695.)
The Subway proposition involved the latter furnishing the
money
necessary
for maintaining and extending the Edison Company’s
election the Edison people have felt they
It Is possible the deal may be revived later
business.
Since the mayoralty
In a much better position.
on.—V. 84, p. 1304.
were
.
■
IV1
4
Auxiliary.—This
company was recently incorporated under the laws of New
Jersey with an authorized capital of SI ,200.000, of which
Chicago Securities Co.—New Byllesby
preferred stock with 6% cumulative divi¬
dends, as a holding company in the interest of the Chicago
engineers, H. M. Byllesby A Co., who are engaged in the
work of renovating and operating gas and electric plants.
Among the plants managed by them are the Oklahoma Gas
A Electric Co. (V.81, p. 1178, 215), San Diego Gas A Electric
Co. (V. 88, p. 822; V. 81, p. 1400), Ac
Cleveland & Buffalo Transit Co.—Lived in Cleveland.—
The $1,000,000 stock has been listed on the Cleveland Stock
Exehang*. Cleveland papers say.
$300,000 is to be
The company owns live boats and has
land and Buffalo.
The authorized bond
excellent dock facilities In Cleve¬
issue is (?) $596, 00.): outstanding
577,000.
Dividends have been paid quarterly at the rate of 5 % per annum ,
February. May. A u‘rust and November.
An ext •■a dividend of 1 % was
paid .Jan. 1 1007, making the dividends paid for I9h6 8 ’a.
M. A. Bradley
Is President: George W. Gardner, Vice-President; T. F. Newman General
Mgr and Secretary, and R. C. Moody. Treasurer.—V 79, p. 294 1.
Columbus
'
Etc.—
(O.) Gas & Fuel Co.—New President,
Vice-President and Treasurer Ii. I). Turney has been elected
President to succeed the late J. O. Johnston.
Press reports state that the gross earnings for the year were 5832,90.'), an
Increase of $134,861; n**t earnings an Increase of 552.252: surplus earned for
•
common
stock <52,750,000), 51 16.220. or
Columbus & Hocking Coal &
suits for the year ending March
Total
Fiscal
Income.
Year.
1006-07
1905-06
1904-05
—V. 84, p.
[VOL.
THE CHRONICLE.
1370
..5603,820
527,065
341.997
.
4.2%.—V. H2, p. 631, 572.
Iron Co.—Report.—Th<
31 were:
A V/
Interest,
Rarninqs. Taxes.&c.
5139,660 574.609
5464,151
423,237
103,828
73,097
308.675
33,322
72,822
Hal., Sur
Operating
Expenses.
re
or
Def.
*64,070
sur. 30,231
dcf.39 ,500
sur.
1184.
Consolidated Coal Co., Saginaw,
Mich.—Mortgage.-—The
American Trust & Savings Bank of Chicago has ree'-ndy b urn
made 1rrs+ee for an iss »e of $1,500,000 first mortgage s ‘rial
gold 0% 20-year bonds, dated 5 p. m. Jan. 1, tip* Consoli¬
dated Goal (V). of Saginaw, Mich.
$1,000,000 will b* issued
at ties time to fund outstanding indebtedness and to p:ovide
working capital. The bonds now sold will be underwritten
by th<* American Tr<;st A Savings Bank and Faison, Sons A
Co. of Chicago; the People’s State Savings Bank of Detroit,
the Old National Bank of Grand Rapids and the Second
National Bank of Saginaw, Mich.
This company operates
11 principal coal mines in Saginaw and
counties,
Mich., having an output of 1,000,000 tons per year, on which
they pay a royalty of 10c. per ton each
to
trustee.
The rim earnings for the past four years have been about
$210,000 per annum.
Bay
the
month
Consolidated Steamship Lines.—Exchange of
The stockholders
the
Securities.—
of the ;\ew York A Cuba Mad Steamship
Hanover Canal Co.,
LXXXIV.
Worland, Wyo.—Bonds Offered.--The
Trowbridge A Niver Co., Chicago A Boston, some time since
offered at par
and interest the unsold portion of a block of
$250,000 first mortgage 6% bonds.
Interest payable Jan. 1 and July 1 at State Bank of
Denominations 51.000. 5500 and 5100.
Principal due serially
on Jan. 1 as follows:
1909, $10,000; 1910, $15,000; 1911, $2t),000; 1912-15
$25,000 yearly: 1916. $30,000; 1917, $35,000; 1918, $40,000.
Bonds out¬
standing after 1912 are optional at 103 and Interest.
This Issue Is a first
mortgage upon all the property of the company, consisting of valuable
water rights on the Big Horn River and 40 miles of canal now In operation,
the water being taken direct from the river and distributed by gravity:
also for every $1,090 bond the trustee holds SI ,500 in 8% mortgages upon
farm and served by the canal estimated to be worth $3,000.
The canal
tract consists of 20,000 acres located
in Big Horn County. Wyo., about
170 miles south of Billings, Mont.
The soil Is very fertile and adapted for
general farming.
About 2.500 acres were under cultivation In 1906.
Dated Jan. 1 1907.
Chicago.
Harrison (0.) Water & Light Co.—Foreclosure Sale.—On
May 11 this company’s property, appraised at $32,775, was
offered at foreclosure sale by receiver Victor T. Chambeis
under order of Court and was bid in for the bondholders’
committee bv Charles A. Hinsch, trustee, for $21,800.—V.
82,
p.
1382.
“
Haverhill
(Mass.)
Gas
Light Co.—Injunction.—Judge
Boston on May 20
injunction against Attorney-General Malone and
the Gas Commissioners restraining them, pending termina¬
tion of the litigation, from enforcing an order of the Gas
Commissioners made in 1900 reducing the price Of gas from
$1.00 to SO cents per 1,000 cubic foot.
The proceedings rerecent iy brought by the Attorney-General in the State courts
to enforce the order are also enjoined.
Colt in the United States Circuit Court at
Issued
an
The gas company .claims the ■order is unconstitutional, the reduction
being unreasonable and virtually amounting to a contlscation of Its property.
It has filed a bond for $25,000 to secure consumers In the event of the Court
determining the order to be valid.— V. 70. p. 178.
Hecker-Jones-Tewell Milling Co.—New
Reduces Capital Stock.—Tb* New Jersey
name has filed a certificate seating:
Jersey Corpora'ion
corporation of irrs
The amount of the authorized and actual capital stock of the said corpora¬
tion has been duly decreased from $5,000,000 to $2,000, to consist of 10
shares of cumulative preferred stock and 10 shares of common stock of tin-
(The Standard Milling Co. on Aug. 31 1905
value of $100 each.
$4,894,700 stock, Including 52,909,500 pref. and 51,985,200 com. -
par
owned
I'd.)
A New York corporation with the same name was oigan.z d
March 8 1905 with $1,000,000 a ithorizod stock, u> take
over the business.
See V. 84, p. 696, 751.
on
"
♦
Home Telephone Co., San Francisco.—Bond Issu-.— An
issue of $10,000,000 40-yoar 5% bonds of $1,000 was author¬
ized on May 28.
The Union Trust Co. of San Francisco, i
is understood, will be mortgage* trustee.
Compare V. S2,
i
p.
1443.
Independent Telephone Co. of Omaha, Neb.—Bonds
(Ward Line) and of the New York A Porto Rico Steam¬ Offered.—This company, incorporated in Nebraska on April
ship Co. may .until 3 p. m. June 15, deposit their stock in 21 1907 with $5,000,000 of authorized capital stock in shares
exchange for an equal amount of Consolidated Steamship of $100 each ($1,500,000 being common and $3,500,000 4%
Lines Co. stock, together with its par value in \c/ collaroni!
preferred, all the common and $1,500,000 preferred having
trust bonds of the Consolidated Sreamship Lines,-from which
been issued), has made a mortgage i<> the Title Insurance A
the Vuni-annual coupon, payable July 1 1007 will be de¬
Trust Go. of Los Angeles as trustee to secure an issue of
tached and canceled by the company before, delivery.
A $3,330,000 fi*s. mortgage sinking fund 5% gold bonds,
majority of the stock ot tie* Now York A Cuba Mad Steam¬ dated April 15 1907, and due in 30 years, but subject to call
ship Co. (compare V. 84, p. 1185) and nearly all the sTck on or after April 15 1912 at 105. D *no:n nation $1,000, $500
of the Porto Rico lira* (V. 84, p. 152, S71), it is stated, has and $100.
Interest payable Oct. 15 and April 15 at First
been exchanged on the aforesaid terms.
The shareholders National Bank, Now York C.ty, Firs' National Bank, Los
of the Eastern, Mallory, Clyde and Metropolitan companies,
Angeles, and at office of company in Omaha.
it is understood, received the same terms except that, the
Louis .J. Wilde, Portland, Ore., is offering a block of the
bonds carried the July coupon of 2%.—V. 84, p. 999, 870.
$1,500,000 bonds now to be issued.
A circular says:
Crow’s Nest Pass Coal Co., Toronto.—New Stock.—The
Work will be commenced In Omaha about Apri 1 1 1907, where this com¬
shareholders at a meeting on May 22 approved the proposi¬ pany has the exclusive right to install the automatic telephone. The Initial
construction contract will
for a plant having 6,000 telephones In
tion to issue $500,000 additional stock.
The new stock, operation and an ultimateprovide
exchange, conduit and pole line capacity of
it is said, has been or will be offered to stockholders of record 20,000 telephones
The following estimate Is based on the Income from 6,000 subscribers only:
at $250 a share to the extent of one new share for every s won
Receipts, $243,900—2,950 business telephones at $54 per annum. $159,300:
3,050 residence telephones at 524 per annum, 573,200; exchange and tall
shares held by them, respectively.—V. 84, p. 1245, 1184.
line receipts, $11,400
bonds,
Deduct: Interest at 5% on $1,500,000
Denver Union Water Co.—Foreclosure of Predecessor Valid.
575.000; Dividends at 4 % on 51.500,000 preferred stock, $60,000; opera
tlon,
maintenance,
reconstruction,
&c.,
$46,500:
sinking
fund
to
retire
—The Supreme Court of Colorado on June 3 handed down
all bonds (30 years), $25,874; total deductions, $207,374; net profit (carried
a decis:on affirming that of the lower court, holding valid the
to surplus), $36,526.
(President, U. S. Grant, Jr.; Secretary, F. F. Graves; Treasurer Geo. E.
foreclosure proceedings against the Denver City Water Co.,
Bitlinger.
Wilde represents Pacific Coast
Bankers’ Syndicate
Mr.
one of the predecessor companies.
Justice Gabbert wrote of Underwriters,
Home Automatic Telephone Co. of Colorado. The Indec
Telephone Co. of Omaha. National Securities C>. of Los Angeles.
the opinion, which is lengthy.
Compare V. 77, p. 198.— pendent
Northwestern Long Distance Telephone Co., Horn'* Telephone C >. of Puget
V. 83, p. 1473.
Sound, Portland (Ore.) Home Telephone C>., Home Telephone Co. of
Diamond Rubber Co., Akron, 0.—Increase of Capital Spokane. Home Telephone Co. of San Diego.—Ed 1—V. 83, p. 1474.
Stock.—This company on Apr. 20 filed a certificate of in¬
International Mercantile Marine Oo.—Right to Call.—In
crease of capital stock from $4,000,000 to $5,000,000.
On last week’s issue there were given various extracts of interest
Mar. 19 1907 there was outstanding $3,500,000 stock all of from the statement made to the New York Stock Exchange
one class, par of shares $100.
No bonds or mortgage. No in connection with the recent 1 sting of the company’s stock
information is forthcoming as to t he purposes, whether addi¬ trust certificates and outstanding bonds.
The Al/2% bonds
tions or stock dividend, for which the new issue is made.— due Oct. 1 1922 ($52,744,000 now listed) were described in
V. 84, p. 096.
the original listing circular as subject to call after Feb. 1
1909.
As stated-last week, this date applied to the under¬
Doe Run Lead Co., Missouri.—Acquisition.—See Union
82,
1159.
Lead Co. below.—V.
p.
lying issue, the International Navigation Company’s 5s due
Feb. 1 1929.
The Mercantile Marine 4J^s, dated Oct. 1
Equitable Illuminating Gas Light Co. of Philadelphia.—
1902,
due
1 1922, are subject to call upon any in¬
and
Oct.
Facts as to Lease, &c.—See United Gas Improvement Co. in
terest day after Oct. 1 1907 a‘t 105.
V. 84, p. 1304.
Report.—See “Annual Reports” on a preceding page.
Fisheries Company.—Called Bonds.—First mortgage 0%
Extension of Voting Trust.—The voting trust agreement
bonds Nos. 7,11,333,361,413, 451,495, will bo paid on July
(described in V. 84. p. 1309) expires by limitation on Oct. 1
1st 1907 at the Guaranty Trust Co., 28 Nassau St., Now York
1907, but will be extended until Oet. 1 1912, provided a
City, at 105.—V. 82, p. 695.
sufficient number of the holders signify their desire for such
General Electric Co.—Business for April Quarter.—Sales extension" to J. P. Morgan A Co., No. 23 Wall St., New York
billed to and orders received from customers for the quarter or to J. S. Morgan A Co., No. 22 Old Broad St., London,
ending April 30 in the years 1903 to 1907 compare as follows:
prior to Sept. 1 1907. A circular says in part:
1904.
1907.
1906.
1905.
1903.
Holders of large amounts of the voting trust certificates, believing It of
Orders rec’d.$18,602,902 514,639,997 512,020,715 59.943.297 $11,460,437
great Importance to the stockholders that the policy of the present man¬
Sales billed. 16.035.060
10,339,164
8,672.691 8 966.966
8,245,822 agement should be continued .until the plans now under way for Improving
—V. 84, p. 1251. 1184.
Co.
.
June 8
the
company’s fleet and permanently
establishing its strength are com¬
extension
999.
Paper Go.—New Director.—General Manager
been elected a director, to succeed Victor
pleted, have urgently requested the undersigned to propose an
of the voting trust for a further period of five years.—V. 84, p. 1309,
International
Whitcomb has
Morawetz, who resigned several weeks ago.
has been some informal discussion among the
While there
directors re¬
garding the advisability of resuming dividends on the com¬
mon stock, the reports of friction in the management are de¬
nied.
Ogden Mills has been elected to the executive com¬
mittee, to succeed Albrecht Pagenstecher, who recently re¬
signed as a director.
Called.—$23,000 first mort.
6%bonds, issued in 1S96 by
Pulp Co., were payable on June 1 at the Old
Colony Trust Co., Boston, at 105and interest.—V. 84, p. 696.
Kansas City (Mo.) Gas Co.—Terms of Lease.—The report
of the United Gas Improvement Co., cited in our issue of
May 11 (p. 1112) , tells of the lease of this company’s property
to a syndicate in which the Improvement Company is inter¬
the Otis Falls
sliding dividend scale by which the $5,000,000
City (Mo.) Gas Co. will eventually re¬
dividends of 5% per annum. The lease is dated Nov.
ested/ on
1371
THE CHRONICLE
1907.]
a
Philadelphia has recently purchased the properties of the
Michigan City & Northern Indiana Gas Co. (V. 81, p. 1046)
and the Michigan City Light & Power Co. (V. 83, p. 216)
and consolidated them under the title of the Michigan City
Gas & Electric Co.
The capital stock has been increased
from $350,000 to $700,000, all common, and $750,000 5%
30-year bonds issued, dated Jan. 1 1907, interest and prin¬
cipal payable at Central Trust Co. of Illinois, Chicago. Pres¬
ident, C. H. Geist; Vice-President, C. B. Kelsey; Secretary
and Treasurer, C. W. Fox.
Main office, 600 Commercial
National Bank Building, Chicago.
Michigan City Light & Power Co.—Consolidation.—See
Michigan City Gas & Electric Co. above.—V. 83, p. 216.
Michigan City & Northern Indiana Gas Co.—Merger.—
See Michigan City Light & Power Co. above.—V. 81, p. 1046.
Montreal Light, Heat & Power Co.—Company Declines
City CounciTs Offer of a Twenty-Year Contract.—The company
has declined, as too burdensome, the City Council’s offer of
a contract for supplying the city with gas and electricity
and
stock of the Kansas
ceive
16 1905 and runs as
long as the lessee
from May 1910, when the present contract
Compare V. 84, p. 394.
Report.—The results for the year ending April 30 were:sur.
20 years
for
expires.
shall furnish natural
in Kansas City under present ordinance (which runs 30
years from Sept. 27 1906), or any future ordinance obtained
by lessee. Under the terms of the lease the Kansas City
Year.
Gross.
Net.
1906-07
1905-06
1904-05
—V. 84. p.
$3,453,490
3,186,103
2,901,263
394.
$1,924,220
1,754,905
1,599,142
and sinking
assessments
dent
gas
each year a sum sufficient to pay the interest
fund On its outstanding bonds, its taxes and all
imposed by law, and to pay dividends on the
Gas is to receive
capital stock at the rate of 2% for the first year, 2J/£% for the
second year, 3% for the third year, 4% for the fourth year,
5% for the fifth year and each year thereafter, the dividend
payments to be made as follows:
1 % on execution of lease, Nov. 16 1906:
% June 1 and Sept. 1 1907;
%% Dec. 1 1907, March 1, June 1 and .Sept. 1 1908: % % Dec. 1 1908,
March 1. June 1 and Sept. 1 1909; 1 % Dec. 1 1909, March 1, June 1 and
Sept. 1 1910; 1 ]i % quarterly thereafter.
The lease, it is understood, was made in accordance with
a contract dated Nov. 10 1904 providing for the amalgama¬
tion of the interests of the Kansas City, Missouri, Gas Co., the
People’s Natural Gas & Fuel Co. and the United Gas & Fuel
Co., the particulars as to which, gathered at a public hearing
in Kansas City, were reported at the time by the local papers
substantially
as
This contract Is
(4%)680,000
448,789
Starbuck
as
saying:
block of New York Air Brake
my consent or knowledge.
People have come In with plans for a merger that they wanted to work out
and I may have told them that I would entertain a proposition, hut nothing
No options have been given on any large
stock and no such options could he given without
of these suggestions.
A good while ago John W. Gates, presuma¬
bly with the Idea of bringing about an amalgamation with the VVestlnghouse
Air Brake Co., obtained options on a majority of our stock at 220, bvit that
was done with my approval and with my help.
That option was not exer¬
cised and none has been given since.
ever came
Morgan, W. S. Dickey,
Messrs. Woods, Dickey and Halpln
signed by W. S. Woods, Randal
Joseph Halpln.
Dividends. Bal., s
(5 %)$850,000 $390,582
598.486
(4%) 680,000
New York Air Brake Co.—No Consolidation Plan Enter¬
tained by Management.—The “New York Times”quotes Presi¬
follows:
Hugh McGowan and
Interest.
$483,638
476.419
470,353
represented the People’s Natural Gas & Fuel Co. and the United Gas &
Fuel Co. as the party of the first part and Morgan and McGowan repre¬
sented the Kansas City, Missouri, Gas Co. as party of the second part.
The capitalization (Including the bonded debt) of the new corporation
It has been suggested that the recent decline in the price
of the stock, which has fallen from 14114 Jan. 7 to 106
June 8, has been due in part to the failure to exercise the
options which were taken on blocks of the stock.—V. 81,p.671.
New York & Cuba Mail Steamship Co.—Exchange of
Stock.—See Consolidated Steamship Lines above.—V. 84,
p. 1185, 576.
New York & Porto Rico Steamship Co.—Exchange of
Stock.—See Consolidated Steamship Lines above.—V. 84,
452, 871.
p.
State Steel Co.—In Partial Operation.—The
provide for the payment of that part of “Iron Trade Review” of Cleveland in its issue of April 25
City, Missouri, Gas Co., under mortgage of had a statement from Buffalo under date of April 23 saying:
The new corporation shall take over
1901, not retired by the sinking fund.
The New York State Steel Co. Is now operating one of Its two large
the natural gas Interests of the associated parties at a value to be llxed by
experts.
The funds needed to carry out the initial requirements of the Talbot open-hearth furnaces with fine success and In three weeks It Is ex¬
ordinance for laying pipe and supplying gas shall be furnished as follows:
pected the other furnace will he ready to pour Its first heat.
Foundations
for the blaSt furnace are building and this Is scheduled to be blown In Jan. 1
The party of the first part to supply 30%; the party of the second part to
the
Ingot
was
rolled.
present
the output
1908.
Monday
evening
100th
At
supply 70%.
In consideration of this payment the parties arc to receive
of the plant will be confined to billets, blooms and slabs, for which It has a
the same per cent of securities, whether in bonds, preferred or common
stock, or any or all securities, that may be Issued.
capacity of 800 tons a day by working two shifts. There are a number of
The terms on which the lease of the property of the Kansas City, Missouri,
One of these will probably be a rail mill.
large buildings yet to be built.
Gas. Co. is to be obtained are as follows:
The Kansas City, Missouri, Gas Flans have been prepared for extensive dock facilities along the frontage
on
Bulfalo River so that ore carriers may have access to the proprty.
Co. shall receive each year a sum sufficient to pay the Into rest and sinking
When completed the plant will be a $7,000,000 proposition.
fund on its outstanding bonds, its taxes and all assessments Imposed by
law; also dividends on a capital stock of $3,000,000 at the rate of 2 % for
Meadows, Williams & Co., Dana & Robinson and George
the first year. 1*1 j % for the second year, 3 % for the third year. 4 %for the
fourth year. 5% for the-fifth year and each year thereafter.
Until natural R. Teller, all of Buffalo, in December last (V. 83, p. 1595)
gas is supplied the property and business of the Kansas City, Missouri.Gas
offered a block of the company’s first mortgage 5% gold
Co. shall be operated in the name of the Kansas.City, Missouri, Gas Co. or
the new corporation, as may be determined, for tlie benefit of the new cor¬
bonds at 93*4 and interest.
These bonds are dated Oct. 1
poration, subject to the payment by the new company of the obligations
1906 and are due Oct. 1 1936, but subject to redemption
under the lease.
on any interest day after Oct. 1 1911 at 10714 and interest.
The parties of the first part (tlie People’s and the United Gas & Fuel com¬
panies) shall have the right to purchase all or part of 13,000 shares of the
Denomination $1,000; interest payable in New York or
capital stock of the Kansas City, Missouri, Gas Co. at their cost, which
Buffalo April and October.
shall be the original cost of said shares to the parties of the second part,
Commonwealth Trust Co. of
who shall receive the same from the Kansas City, Missouri, Gas Co. plus
Buffalo, N. Y., trustee.
The circular then issued says:
their share of the undivided profits of the Kansas City, Missouri, Gas Co.
The capital stock authorized Is $2,500,000; Issued. $1,500,000.
First
to Nov. 1 1904 which might have been distributed as dividends to stock¬
mortgage bonds authorized, $3,000,000.
Under the tax law of 1906 this
holders, expended for betterments or held in the treasury, no dividend
has paid a recording tax, which makes these bonds tax exempt
having ever in-fact been paid to its stockholders (V. 80, p. 2436.)
The company
for their life.
Tiie remaining $2,000,000 bonds cannot be Issued unlest
parties of the first part may purchase any or all of the 13,000 shares aforesaid
tiie
additional
The
$1,000,000 of stock has been paid for In cash at par.
at $40 a share of $100 each at par value, even though it Is ascertained that
mortgage covers 57 acres of land situated on the Abbott Road, with a
the cost of the same to the parties of the second part is in excess of that price.
frontage on Buffalo River of 2,775 feet, having direct rail connections with
The parties of the second part, McGowan and Morgan, agree that they
the Delaware Lackawanna & Western RR,, Buffalo Rochester & Pittsburgh
own more than a majority of the stock of the Kansas City, Missouri, Gas
Ry. and the South Buffalo Ry.
The Buffalo Creek RR. has 'also secured
Co., and that they will use and vote the same to carry out this memoran¬
a right of way to the plant
That part of the plant which Is rapidly ap¬
dum.
Cash to carry out the terms of the franchise may be obtained from
the first sale of bonds of tlie new corporation.
Provision Is made for an proaching completion consists of two 200-ton Talbot open hearth furnaces
Increase of $730,900 bonds to be used iu extensions.
(Compare V. 83. p. and a 36 Inch blooming, mill. There Is also an Installation of 4,000 h.p.
New York
(not yet organized—ltd.) shall
the bonded debt of the Kansas
mm
'
wm
mrntas
m
i
821.)—-V. 84, p. 1117.
Laclede Power Co., St. Louis.—Sold.—E. W. Clark &
Co. of Philadelphia (who control the East St. Louis <fc
urban Go.—see p. 38 of “Street Railway Section”) have
a
Sub¬
i
m
*
completed the purchase of all or nearly all of the capital
stock of this St. Louis company for a sum commonly reported
as $3,000.000.
No further facts are available at present.
The authorized issue of capital stock is said to lie $1,000,000;
outstanding $840,000, on which dividends of 5% per annum
are stated to have been paid.
See V. 83, p. 275.
Magnetic Iron Ore Co., of New York City.—Stock.—
This com pan}’ recently filed at Albany a certificate of increase
of capital from $1,000,000 to $2,100,000, by means of which
the entire outstanding bonded debt will be retired.
Robert
D. Benson is President, No. 11 Broadway.
Lease.—Benson Mines Co. (N. Y.), organized with $200,000 stock by A. W. Thompson of the- Inland
Steel Co.
(V. 84, p. 105) and associates, has purchased the personal
property of the Magnetic Iron Co. and taken a 50-year leae®
of its ore properties, which include 2,826 acres owned in fee
at Cranberry Lake, on the Carthage branch of the New York
Central, and the mineral rights on about 260,000 acre® in
St. Lawrence and adjoining counties.—V. 83, p. 1232.
Michigan City Gas & Electric Company.—Consolidation
and
Reorganization.—The C. H. Geist Company of
Chicago
boilers and a well equipped power plant.
The company was incorporated Sept. 13
1905.
,
ji;
Work on a blast furnace
commenced In Nov. 1906 which will have a daily capacity of 450 tons
pig iron.
The transportation facilities are unexcelled. Steel can be
shipped to New York via canal for $1 to $1 20 per ton, while the same from
Pittsburgh cost $2 60 per ton. When the new barge canal Is completed,
the rate will be about $0 60, making a saving of $2 00 per ton in favor of
Buffalo.
The company’s stock represents cash, dollar for debar, and Its
land cost It $2,000 per acre; neighboring property Is held at $5,000
was
of
per acre.
This company
ii.
if
1
has under lease three Iron ore properties on the Mesaba
high grade; one of these has not as yet been fully ex¬
Range, all of very
plored. only five drill holes having been sunk, covering about one-third
of the 40-acre tract under lease, but already at least 2,230 ooo tons of ore
have been shown up.
The company lias also made long-time contracts
for a large tonnage of Old Range and Mesaba ore. made at a flat price be¬
fore the recent advance in ore values.
The ore reserve available at present
continuous supply.
Kellogg (President), Howard Kellogg (Secretary).
Seymour H. Knox, John I). Larkin, Whitney G. Case, Arthur (i. Yatea,
Spencer Kellogg Jr. and Stuart R. Mann.
[The Kelloggs are also the con¬
trolling Interests in the Spencer Kellogg Co., an extensive crusher of lin¬
seed. described In our Issue of April 20, p. 936.—Ed.J—V. 83, p. 1595.
North Platte Canal & Colonization Co.—Offering of Joint
insures the
company a
Directors; Spencer
Bonds.—The Bellan-Price Investment
III
ri
Co., Denver, Colo.,
offering for sale $120,000 joint and several first mortgage
sinking fund serial gold coupon 6% irrigation bonds of the
North Platte Cana!
Colonization Co. and the Wyoming &
Nebraska Land Sz Cattle Co.
Total issue $300,000. Dated
Nov. 1 1906 and due in annual installments on Jan. 1,
$30,000 yearly from 1910 to 1917 and $60,000 on Jan. 1
Interest (January and July) payable at Continental
1918.
are
.1 *‘i
Trust Co., trustee,
Denver,
or
Denomination $1,000.
York.
at
Bankers’ Trust Co., New
A circular says:
companles'ls located lrf.the valley of the North
Wyoming, and consists of valuable water
appropriations, canals, etc., and rich agricultural lands. The* average
elevation of this land is about 3,800 feet and It produces, through irrigation,
everything, to a superabundant degree, that can be raised In the temperate
zone.
None of It Is over five miles from a Chicago Burlington & Quincy
railway station. At the time that the United .States Reclamation Service
selected for development under the National Irrigation Act about 300,000
acres of land In the North Platte Valley, the joint companies had already
secured from the State Land Board of Wyoming, under the Carey Act, over
20,000 acres, and had constructed the “Whalen Falls Canal” for a distance
of over 30 miles.
The United States Government entered Into a contract
with the joint companies whereby If they would permit the Reclamation
Service to construct the Government canal over their right of way, it (the
Government) would enlarge the Whalen Falls Canal, continue the con¬
struction of the same for a distance of 150 miles, agreeing to maintain the
same, and to carry along with Its own water that which had been granted
by the State of Wyoming to the joint companies, at the same time these
companies to retain actual ownership and title to the canal for a distance
The
property of the joint
Platte River, In Laramie County,
of 46 miles.
The Government lias carried out Its contract for enlarging the canal to 74
feet wide on top, 34 feet on the bottom, and 13 feet deep, and has been
first 46 miles
delivering water to the companies’ land since July 1 1906.
of the canal (owned by the joint companies) has cost about $750,000, and
the diverting dam at the headgate about $125,000, all paid for by the
The
The Government Is erecting above the head
United States Government.
of the Whalen Falls Canal one of the largest dams In the world, knowm as
the “Pathfinder” project, costing about $1,000,000, which will Impound
water from the North Platte and Sweetwater Rivers amounting to a million
acre feet, or sufficient water to Irrigate nearly twice as much Irrigable land
as there Is In the entire North Platte Valley.
These bonds are equally secured by an absolute first mortgage upon all
the property, real and personal, and franchises, respectively, of the two
companies, and by a deposit w'ith the trust©; of water contracts of the
North Platte Canal & Colonization Co., which constitutes a first and prior
lien upon all land Irrigated thereunder.
The water for the Irrigation of the
land must be purchased by the settlers from the joint companies at a price
fixed by the State of Wyoming, which Is In this case $30 per acre, payable
In 10 yearly Installments with Interest at 6%.
The joint companies have
already sold over $300,000 worth of water contracts, the payments on
which, together with all other Income from the joint properties, must be
deposited with the trustee to provide for the payment
retirement of the principal of the bonds as they mature.
Ohio Fuel Supply
of Interest and
Co., Columbus., 0., and Pittsburgh, Pa.
—Not to Authorize New Stock—Contracts.—We are informed
that there is not a word of truth in the report that the share¬
holders would vote to-day on increasing the capital stock
from $8,000,000 (of which $7,000,000, it is understood, has
been issued) to $10,000,000.
The construction of the new
pipe line to Cincinnati, it is understood, will also be deferred
until next year or later, the supply of natural gas being suffi¬
cient for the present.
The 15-ycar contract entered Into this month with the Union Gas &
Electric Co., controlled by the Columbia Gas & Electric Co., provides that
the Ohio Fuel Supply Co. shall supply up to but not exceeding 20,000,000
cubic feet of natural gas per day (In the coldest weather) for distribution
by the Columbia Co. among Its customers In Cincinnati.
The Ohio Fuel
Supply Co. abandons its plan to furnish gas In Cincinnati and Southwestern
Ohio .leaving open, It Is understood, the territory from Dayton on the north ,and
a
point about 100 miles east of the city, which region will be
developed by
the local company.
The gas is be to sold In Cincinnati at thirty cents per
Of the gross proceeds, 65%, It Is understood, will goto
1,000 cubic feet.
the Ohio Fuel Supply Co. and the remainder will belong to the local com¬
pany.
In December last a contract was reported as having been made to supply
natural gas to the Springfield (O.) Gas Co., a company with $420,000
capital stock and $400,000 outstanding 6% bonds, supplying artificial gas
through some 4,000 metres at $1 net per 1,000 cubic feet, and natural gas
to some 4,300 customers at 25c.—V. 84, p. 1185.
Omaha Water Co.—Unfavorable Decision.—Judge Hunger
in the United States Circuit Court on June 4 handed down a
decision denying the application of the company to compel
the city to purchase the plant at the appraised valuation of
$0,263,295.
taken.
[VOL.
THE CHRONICLE
1372
Compare V. 83,
p.
216.
An appeal will be
The Court says:
The board appointed an auditor to examine and audit the books.
think It would have been perfectly competent and proper for the board
I
to
employed an auditor to examine the books and papers which were
properly before the board as evidence, but 1 am clearly of the opinion
that the taking and receiving of evidence consisting of these books on the
part of the board of appraisers, without permitting the same to be ex¬
amined by the defendant city was such an Irregularity as vitiates the
have
award.
The Court does not pass upon any of the other questions raised, stating
that “the case will doubtless be appealed.”
The city urged that the fact
that the apmalsement was signed by only two of the three appraisers In¬
validated It, but this point was apparently not ruled on.—V. 83, p. 216.
The
urer.
the
new
company
LXXXIY
has already contracted for lighting
city.
South Baltimore Steel Car & Foundry Co.—Dividend—
Earnings, Etc.—Referring to the recent annual meeting and
the offering of new stock to shareholders of record May 30,
we have been favored with the following:
.
The dividend of 3 % on the common stock payable June 28 to holders of
record April 30 Is not dividend No. 1; It Is simply a resumption, dividends
on the common shares for several periods prior to that having been passed.
The dividend on preferred stock Is cumulative 6%.
Par value of single
shares $100.
The gross receipts for the year
There Is no funded debt.
ending April 30 1907 were about $9,000,000; net profits over $500,000.
See V. 84, p. 1311.
Springfield (O.) Gas Co.—Natural Gas Contract.—See Ohio
Supply Co. above.
Standard Milling Co., New York.—Reduction of Stock by
Fuel
Subsidiary.—See Hecker-Jones-Jewell Milling Co. above.—
V. 84, p. 752, 697.
Standard Motor Construction Co.—New Plant—Mortgage.
(a New Jersey corporation with a total
capital stock of $1,800,000, divided into shaies of the par
value of $100 each, and a factory at 172 Whiton St., Jersey
City) has acquired a tract of land consisting of over ten acres
on the water front atTottenville, Staten Island, and has filed
a first mortgage covering all its property to secure an issue
of $400,000 6% 20-year bonds, with a sinking fund provision.
These bonds are being underwritten at $475 for each $500
bond, with $250 stock as bonus, by W- A. Williamson,
53 William St., New York, and others, the subscriptions
being payable at the Colonial Trust Co., N. Y., the mortgage
—This company
trustee.
A circular says:
The proceeds of the bonds are to be used;
(1) For a new factory, 400
feet by 110 feet, of modern one-story style, completely equipped.
(2) A
wharf to utilize the advantage of freight steamers daily direct from Pier 19
East River, New York.
(3) Storehouses, forge shop, paint shop, railroad
switches and power plant.
(4) Developing the enlarged business offered.
The company has on Its books $600,000 of orders and has been obliged to
turn down within the last six months over $500,000 of additional business.
double and single acting; railroad
During the past two years the
company has furnished engines for the U. S. Navy and life saving service,
engines for the Austrian Navy. 20 engines for Russian torpedo boats, &c.
The Rlotte patent on the “Standard” reversible engine gives this com¬
pany the lead In large marine engines and its new double-acting reversible
tpye enables It to build gas engines larger than any other afloat.
The factory being built at Tottenville it Is expected will be completed
In 90 days. The capacity for output will be $2,000,000 per annum, with a
net profit of at least $600,000.
The orders already entered will show a
profit over'the cost of manufacturing of $200,000.
The really successful
railway motors, those used on the Union Pacific cars, were “Standard”
motors.
The company built the engines of the Gregory, the first motor
boat to cross the ocean; It built the Standard, which holds the world’s
record for speed; it built the 500-horse-power double-acting motors of the
schooner Northland of Maine, which carries 3,000 tons dead weight.
Directors.—Lewis Nixon, President; Carl C. Rlotte, Vice-President;
Eugene A. Rlotte, Secretary; Louis Spinks, Treasurer; W. H. Jackson,
Attorney; W. W. Nixon, Washington, D. C.; Edward S. Cramp, Phila¬
delphia, Pa.; Frank B. Robinson and W. A. Williamson, New York.
Produce—Marine gas engines, reversible,
motors; lighting plants; pumplhg plants.
New York office, 26 Cortlandt St.
Stillwater (Minn.) Gas & Electric Light Co.—Default—
Receiver Appointed.—At St. Paul, Minn., on May 29, Judge
Lochren of the United States Court appointed Ernest L.
Hospes receiver of the property on application of the Ameri¬
Trust & Savings Bank of Chicago and Frank H. Jones,
trustees under the consolidated mortgage, the interest due
Jan. 1 1907 on at least a part of the bonds being in default.
Compare V. 81, p. 1379.
Susquehanna Iron & Steel Co.—Sold.—At the receiver’s
sale in Columbia, Pa., on May 31, the company’s properties
were bid in by Michael Blake
of New York for- $41,100,
subject to a mortgage of $300,000. Mr. Blake also pur¬
chased personal property for $150,000.
can
Mr. Blake Is a member of the firm of John Leonard & Co. of New York,
dealers In Iron and steel, who were large creditors of the defunct company.
It Is thought by some that the firm will permit the present stock and
holders to participate In the new company, but In the absence of the
bond¬
cipals this could not be confirmed In New York this
prin¬
week.—V. 84, p. 1057.
Consolidated Water Co., Harrisburg, Pa,—
unbonded, has made a
first mortgage to the Commonwealth Trust Co. of Harrisburg, as trustee, to secure an issue of $300,000 5% gold
bonds, of which $60,000 are outstanding.
—Director Albert B. Boardman has been elected President to
succeed Theodore Starrett, who resigned to attend to private
business but will act as Chairman of the Board.—V. 83, p.
1475.
Bonds dated Dec. 1 1906, due Dec. 1 1926, but subject to call after Deo. I
1911 at par.
Denominations $100 and $500. The unissued bonds ($240,000) are reserved for Improvements and additions.- Capital stock author¬
Toledo (O.) Coal
This company on
Paxtang
Bondi.—This company, heretofore
Thompson-Starrett Co., New York City.—New President.
& Clay Co.—Reduction of Capital Stock.—
May 21 filed a certificate of decrease of
ized, $300,000. Company Incorporated June 19 1895.
President, D. Grlng;
capital stock from $500,000 to $140,000. Compare V. 79,
Secretary, E. D. Blstllne: Treasurer, C. K. Miller.
Public Utilities Legislation.—New York Bill Now a Law.— p. 632; V. SO, p. 1183.
Union Lead Co., Missouri.—Sale—Reduction of Capital
Gov. Hughes at Albany on June 6 signed the Public Utilities
Stock.—This company, having sold most of its property, in¬
Bill, which was passed without modification over the veto
of Mayor McClellan.
The Act will be found in full in the cluding mines located near Flat River and Doe Run, Mo.,
“Railroad Gazette” of this city for May 31.
Compare to the Doe Run Lead Co. (V. 82, p. 1159), has filed a cer¬
tificate of decrease of capital stock from $700,000 to $18,414.
article in our editorial columns.
V. 84, p. 1211,
The remaining assets stated as $20,000; liabilities $250.
Sheridan (Wyo.) Coal Co.—Called Bonds.—Twenty-four
Compare V. 84, p. 453.
($24,000) mortgage bonds of 1903 have been called and will
Union Light, Heat & Power Co. of Covington and Cincin¬
be paid at par and interest at the Union Trust Co., Chicago,
nati.—Reduction of Capital Stock.—This company, controlled
trustee, on June 30 1907.
Compare V. 80, p. 2463.—V. 83,
by the Cincinnati Newport & Covington Light & Traction
p. 42.
Co., filed at Frankfort, Ky. on May 29 amended articles of
Sioux Falls Light & Power Company of Sioux Falls, S. D.
incorporation
reducing its capital stock from $1,500,000 to
—Consolidation—Bond Issue. —This company has recently
and
$500,000,
also an amendment providing that the in¬
been organized to consolidate the water powers of the Big
debtedness shall never exceed four times the amount of its
Sioux River and the electric-lighting business in Sioux
capital stock.—V. 73, p. 394.
Falls, S. D. The capital authorized is $750,000; first mort¬
United Copper Co.—Report.—See “Annual Reports” on a
$400,000 bonds will be
gage 6% serial bonds, $750,000.
sold at this time to supply funds to pay for part purchase preceding page.
New Director.—Chester Glass has been elected to succeed
price and new construction. The bonds will be dated June 1 G.
Reusens as a director.—V. 84, p. 1057, 1001.
1907 and the mortgage is made to the American Trust &
United
Shoe Machinery Corporation.—Legislation.—Gov¬
Savings Bank of Chicago as trustee. E. W. Coughran,
Sioux Falls, S. D., is President; W. G. Haley, Vice-President; ernor Guild of Massachusetts on June 1 signed a bill, which
F- H. Reed, Secretary; Geo. B. Caldwell of Chicago, Treas¬
hereby became a law to ^gojnto’effect July 1 next, entitled
-
THE
1907.]
June 8
regulate the lease
“An Act to
and sale of machinery,
tools,
names are men¬
intended to affect
Machinery Corporation, which opposed its enactment.
provides that no person or corporation shall Insert In nor make it
implements and appliances.” While no
tioned in the Act, it is admitted that it is
the
The law
tool. Implement, appliance,
thereof shall not-buy, lease or
material or merchandise
of any person, firm, corporation or association other than such vendor or
lessee.
The vendor or lessee of any tool, Implement, appliance or machin¬
ery protected by patent right may, however, require the vendee or lessee
to purchase or lease from such vendor or lessor such component and con¬
stituent parts of said tool, Implement, appliance or machine as the vendee
lessee may thereafter require during the continuance of such patent
right. All transactions hereafter made In violation of the law are declared
void, the fine for each offence being not exceeding $5,000.
The Supreme Court of Massachusetts, by a divided vote on May 31 ren¬
dered an opinion to the State Senate at Its request holding that the (then)
proposed law would not be unconstitutional In affecting rights vested In a
patentee under the Federal statutes.
A committee of the House of Commons, England, on June 1 reported
favorably a bill patterned after the Massachusetts law.
The company,
through Its British branch, supplies English boot and shoe makers with a
large part of the machinery In their factories.
A cable dispatch to the New
York “Sun” dated June 1 states that “manufacturers assert that the arbi¬
trary, onerous terms that this company Imposes upon all lessees of Its ma¬
chinery puts Its customers under far greater tribute than the mere patent
rights justify. These demands, they declare, Include forbidding the use of
other machinery,Insisting on leases for longer terms than the patents run,
and compelling the lessees to buy certain materials used In manufacture from
of
condition oiiprovislon, of any sale or lease
any
or machinery that the purchaser or lessee
use machinery, tools, Implements or appliances or
a
or
the
119900--243576
Westinghouse Electric &
1244,
City
84,
p. 1311, 1253.
United States Cast Iron Pipe & Foundry Co.—Listed.—The
New York Stock Exchange has listed $12,106,300 non-cumulative 7% preferred stock and $12,106,300 common stock.
Earninys.—For the eleven months ended April 30 last as
United Gas
manufac’g.SI ,716,132
130,993
receipts
$1 847,125
Receipts from
Other receipts
Balance,
Previous
Interest on
Reserves,
bonds
impts.,
capital. &c
Dividends
surplus.
surplus
working
then to use said securities In carry¬
of said company as may be adopted
approved by the above-named com¬
an
opportunity to sell on terms somewhat better than
secured If the committee Is authorized to act for a
sufficiently large proportion of the securityholders.
We, therefore, ask that
the securityholders Immediately surrender their present receipts at the Se¬
curity Trust Co. (Rochester) and take In place thereof new receipts,
the letter
andjslgn
of authority.
sought by a syndicate of independent tele¬
phone men, including St. Louis, Detroit and other capital¬
ists, and the net aggregate price is said to be $6,000,000, or
$1,000,000 more than the offer of the Bell interests, which
court.
was withdrawn because of the disapproval of the
The “Rochester Herald” understands that the exact amount
to be given for each $1,000 bonds under the present offer is
$422.
Compare V. 84, p. 936, 630.
The
option is
Corporation.—Called Bonds.—On
July 1 there will be paid at the Fidelity Title & Trust Co. in
Pittsburgh $100,000 bonds of the H. C. Frick Coke Co.,
drawn for redemption at 105 and interest.—V. 84,p. 1050, 936.
United Water & Light Co.—Incorporated.—This company
incorporated under the laws of Delaware on April 30
with
$500,000 authorized capital stock. Incorporators:
Alfred Tait, Wm. L. Missimer, Harry W. Davis.
United Wireless Telegraph Co.—Transfer of Property.—
The “Jersey City Journal” of April 22 said:
recorded In the Register’s office at the Court House on Satur¬
bill of sale whereby the American De Forest Wireless Telegraph Co.
day
transfers to the United Wireless Telegraph Co., a corporation of the State of
Maine, all Its machinery, fixtures and Instruments now In the building on the
southeast corner of Hudson and Essex streets. Jersey City.
The considera¬
mentioned was $1. The bill of sale was signed by Abraham White as
United
States
Steel
Co.—Joint Bonds.—
Co. above.
—In a special circular
Davis & Co. of this city
argue
new
ley.
and Herman
the
value
of
mittee.
We are advised that
here Indicated can be
announced,
stock,
June
in¬
issued on the 7th inst., John H.
in favor of the purchase of
some of the older issues of bonds at present prices, and point
out the advantages which such issues possess over newer
$82,500 securities. They state that on account of the pressure of the
obligations upon the market, the old and tried standard
344,458
1.375,000 issues have declined to even lower figures than those
which prevailed early in the year.
Some of these old estab¬
lished bonds with good mortgage security, ranging from the
$45,167
506,208 “gilt-edged” class to what are graded as “good” bonds, and
At a
such sale cannot be consummated,
ing out such plan for the reorganization
by the committee of twenty-five and
Wyoming & Nebraska Land & Cattle
Canal & Colonization
See North Platte
surplus
1491.
and If
be
$683,9101
—V. 82, p.
for a
such securities
cash collections.
Subscriptions to Stock.—The stockholders, it is
subscribed for $1,650,000 of the $5,000,000 new
recently offered, the time to subscribe for which expired
3.
The proceeds of the stock sold, together with other
come, will, it is stated, be sufficient to meet present needs.
Earninys.—A preliminary statement of income, including
auxiliary companies, for April 1907 has been given out, viz.:
Manufacturing profit
.$570.9901 Deduct lilt, on bonds and
Miscellaneous Income
112,9201 debs., mlsc. Int., dcp.,&c.$256,989
Net credit to surplus
$426,921
Total Income
The figures for April show a manufacturing profit slightly above 20%
on the shipments, or nearly 7 % better than the average for the year ending
March 31 1907.
Preliminary figures for May 1907 show the shipments to have been
$3,880,000, the largest In the history of the company. The new orders
received for the month of May exceed $4,225,000, nearly $500,000 more
than the shipments for April.—V. 84 p. 1253, 1001.
$$51,375
United States Independent Telephone Co., Rochester, Pa.
—New Proposition to Sell.—The committee of twenty-five, of
which James G. Cutler is chairman and J. Foster Warner
Secretary, makes the following announcement:
meeting of your committee of twenty-five, held May 25 1907, It was
resolved that the securityholders be requested to authorize Hiram W. Sib¬
James S. Watson, George Eastman and Walter B. Duffy of Rochester
Stlefel of St. Louis to give an option for a period of 30 days for
purchase of said securities, at a price of not less than 40% of the face
of the bonds. 5% of the face value for the common stock and 1 %
the face value for the deferred common stock, and to extend said option
further period of 60 days. If a satisfactory payment is made therefore
Total
except
proceeds turned Into
have
Improvement Co., Philadelphia.—Kansas
&c.—See that company above.—V.
follows:
Total
of and the
Lease,
Co.
Gas
$17,804,182
21,490.709
21,122,647
18,069,863
21,059,249
29,189,844
$17,927,340
19,522,144
any
atus
Rubber Co.—Application to List.—The
New York Stock Exchange has been requested to list $800,000 additional first preferred stock, making the total first
preferred on the list $36,263,000. Compare
p.
V. 84,
subsidiary companies:
Collections.
Shipments.
Orders.
$16,947,774
20,445,443
18,509,054
21,872,229
16,570,617
20,546,479
21,649,185
24,938,631
34,170,648
30,549,894
The deductions from the above-given shipments by reason of bad debts
for the six years were about one-tenth of 1 %.
It has been the policy of the
company not to Involve Itself directly or Indirectly during these years In
underwritings or In the taking of securities as part payment for appar¬
supplied,
only when
could promptly disposed
States
1252.
Manufacturing Co.—Volume of
following state¬
the six years
Business.—The company has furnished the
ment of orders, shipments and collections for
ending Mar. 1 1907, not including the
lessors.”—V. 83, p. 1040.
United
1373
CHRONICLE.
with longer
be obtained they say at
periods to run, can now
4% to 6%.
—The partnership lately existing between F. W.
and G. W. Field under the name of F. W. Mason
prices to net from
Mason
& Co.
expired on May 25. Frank W. Mason will continue the busi¬
at the present location, 53 State St., Boston, Mass.,
under the old firm name, and will have associated with him
co-partner Arthur A. Potter, who has been with the firm
the past four years.
The firm deal in unlisted inactive
ness
as
stocks and bonds.
Dann & Robinson,
the Ellicott Building,
—The Stock Exchange firm of
offices at 111 Broadway and in
falo, has been
dissolved.
The New York offices have been
Arthur Robinson & Co., while
taken over by the new firm of
Jesse C. Dann has formed a new
title of J. C. Dann & Co., and
ness as
heretofore, making a
co-partnership under the
will conduct the Buffalo busi¬
specialty of high-grade invest¬
ment bonds.
—The Scranton
with
Buf¬
Trust Co. and
Brooks & Co. of Scranton
and interest $200,000 of the present issue
of $1,000,000 first mortgage 5% gold bonds of the Kanawha
& West Virginia RR. Co., unconditionally guaranteed, as
to principal and interest by the Blue Creek Coal & Land
as stated in our issue of Feb. 9 1907, p. 339.
—The banking house of Richter & Co. of Hartford, Conn.,
members of the New York Stock Exchange, has admitted
to partnership in its firm Henry L. Wilkinson,
former
Connecticut representative of Harvey Fisk & Sons.
Mr.
Wilkinson will give entire attention to the firm’s bond de¬
are
offering at par
Co.,
partment.
and earning power for a
Canadian securities has been
Croft, 42 King St.,
issued in tabular form by Baillic, Ward
West, Toronto. The highest and lowest prices for 1903,
1904, 1905, 1906 and to May 15 1907 are also appended.
—W. J. B. Mills and Berkley R. Merwin announce the
formation of a partnership on June 1, under the style of
W. J. B. Mills & Co., for the transaction of a general banking
and Stock Exchange business, located at 36 Wall Street.
—The co-partnership heretofore existing between Robt.
President of the De Forest Company.
Compare V. 84, p. 512, 107.
M. Janney and Nathaniel E. Janney, trading as Robert M.
Waters-Pierce Oil Co.—Ousted from Texas.—A jury before
Janney & Co., of Philadelphia, expired by limitation on the
Judge Victor L. Brooks at Austin, Tex., on June 1 found the 1st inst. Each partner will sign in liquidation.
company guilty of violating the State anti-trust, laws by
—The business cards of a large number of representative
entering into an arrangement with the Standard Oil Co. of
New Jersey to regulate the price of oil in Texas and prevent cotton commission and brokerage houses of New York and
cities will be found on subsequent pages of this issue of
lessen competition therein.
It further found that the other
^he “Chronicle.”
permit to do business in Texas should be canceled.
The company was Incorporated In Missouri, and on May 31 1900 received
—Peabody, Houghteling & Co., 181 La Salle St., Chicago,
permit to do business In Texas after a previous judgment of ouster.
will
send on request their June circular containing descrip¬
Penalties amounting to $1,623,900 were assessed by the jury, viz.: $1,500
tions of twelve serial bond issues to net the investor from
dally between May 31 1900 and March 31 1903 (when the present anti¬
became effective), or 1 033 days, aggregating $1 549,500, and $50
5% to 6%.
each of the days between April 1 1903 and April 29 1907, or $74,400 In
—Cards of Woodward, Baldwin & Co., mill selling agents,
Application will be made for a receiver to collect the fine, but the
appeal to be taken to the Court of Appeals for the Third District and thence
and
of H. J. Farber, Drewry & Co., Catlin <fe Co. and James
State Supreme Court will, it Is stated, act as a stay In the endeavor
enforce collection.
Newspaper accounts state that a stipulation was Talcott, dry goods commission merchants, will be found in
Into In the litigation admitting that the Standard OH Co of New
this issue.
Jersey owned 60% of the stock, notwithstanding which the defendant
denied the State’s charge of violating the law.
Compare V. 83, p. 1294.
wras
There was
a
tion
or
a
trust law
for
all.
to the
to
entered
—A record of the capitalization
series of years of the active
[VOL.
THE CHRONICLE.
1374
LXXXIV.
COTTON.
3pxr (&ommzxtwl primes.
Friday Night, June 7 1907 ^
as indicated by our
THE MOVEMENT OF THE CROP
COMMERCIAL EPITOME.
Friday Night, June 7th, 1907.
Though the weather continues rather unseasonable, trade
prices steady and the feeling mostly cheerful.
Grain and cotton speculation has decreased somewhat.
is’still good,
Stocks of
June 1
1907.
Merchandise.
tierces
bags
Lard
Cocoa
baes
Coffee. Brazil
Coffee, Java
Coffee, other
Sugar
Sugar
Hides
Cotton
Rosin
Spirits
..mats
.baps
hogsheads
bags, Ac.
No.
bales
..barrels
_
barrels
turpentine
barrels
Tar
Saltpetre
Manila hemp
Sisal hemp
barrels
Flour
and
May 1
1907.
June 1
1906.
7 250
7.131
0,540
10,714
14,875
12,120
3,071,014 3,519,000 3,204,587
252,811
125,500
275,000
230.500
410,345
284,059
3,000
25.000
4,859
769,705
198,059
200,000
2,000
3,500
3,244
107,156
166,359
178,710
17,082
10,500
12,000
022
3 500
1,240
2 160
750
2,200
bags
bales
bales
sacks
"
750
825
805
32,423
0,200
34,100
40,220
5,035
41,200
41,035
5,875
124,500
the spot
on
754
Galveston
Port Arthur
....
Jacksonville, Ac.
CLOvSING
July delivery
September delivery
.October delivery
PORK
on
PRICES OF LARD FUTURES IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
9.17 ^
9.35
9.32M
9.10
9.27 ^
9.12 H
9.27
9.05
9.22K
the spot
9.25
9.25
9.20
Thurs.
9.02
9.20
9.20
Frl.
0.02
9.17 ^
9.17^
has been In light request at unchanged
quotations. Mess $17 50@$18 50, clear $17 25@$18 25,
and family $19@$19 50.
Tallow has been dull and steady
at (>n@f>H>c- for city.
Stearines have been dull and easier
with larger offerings.
Oleo 9 @9*2°. and lard lO@lOl.4C.
Cut meats have been dull but firm on light offerings.
Pickled
hams I2I0C., pickled shoulders 10c, and pickled bellies
10/4 @ 11 /2c.
Butter has been active and easy with in¬
creasing stocks; Creamery extras 24J4@25c. Cheese has
been quiet and easier with receipts liberal; State, small or
large, colored or white, best 1234c. Eggs have been easier
on large receipts;
Western firsts 10c.
OIL.—Cottonseed has been Irregular with trade quiet.
Prime summer yellow 01@G2c.; winter 05@00c.
Linseed
has advanced on the strength of seed and an increased de¬
mand.
City, raw, American seed, 45@40c.; boiled 40@47e.;
raw, Calcutta seed, 70c.
Lard has been easy with'small
jobbing saks. Prime 77@80c. and No. 1 extra 51@52c.
Cocoanut has been quirt and easier; Cochin 10^@ 103oe.,
and Ceylon 93^@91^c.
Peanut has been quiet and steady;
yellow 50@00c. Olive has been quiet and steady; yellow
85@90c. Cod has been fairly active and stead}*; domestic
38@40c. and Newfoundland 40@42c.
COFFEE on the spot has been steady with a small jobbing
Rio No. 7, GUjC.
trade.
West India growths have been
fairly active and steady; fair to good Client a 834@'03-4°.
Speculation in future contracts has continued on a very
Fluctuations in prices have been trifling.
small scale.
Re¬
ceipts liberal and the visible supply in the world showed a
large increase during the past month. Some tired holders
have sold out.
Leading local operators, however, have ab¬
sorbed the offerings. The closing prices were-as follows:
June
July
August
September
5.55c. I October
5.40c. (November
5 35c. I December
5.30c. | January
5.35c. February
5.35c.
5.4<)e.
5.40e.
5.40c.
March
5.45c.
April
May
5.45c.
5.50c.
138
138
1,047
2,815
8,594
176
3
136
583
564
6,426
75
75
122
....
....
_
_
931
907
1,544
_
56
43
256
601
20
882
5
18
58
241
157
886
786
75
.
.
„
....
Norfolk
N ewportN ews, Ac
New York
Boston
Baltimore
97
418
154
906
4,944
3,100
4,212
The following, shows
since Sept.- 1 1900, and
last year:
Corp. Christ!, Ac
New Orleans
Mobile
Pensacola
Jacksonville,
Ac,
Savannah..
Brunswick
Charleston
Since Sep
1 1906.
75
1 22
742
170,609
146,504
1 ,145
321,921
3,434
572 376
786
215
338
348
39,582
22,704
71,093
58,409
222
8,452
Georgetown
Wilmington
Norfolk
jry..
N’port News'? &c
New York
Boston
Baltimore
Philadelphia
30,299 9,520,813
Total..
3,334
7,787
30,299
Stock.
1905-06.
8,276 3,819,476
132,823
138
71,900
8,594 2,234,358
583
252,145
139,398
7,545
6,426 1,450,373
Galveston
Port Arthur
6,862
the stocks to-night, compared with
1906-07.
This
week.
90
348
1
the week's total receipts, the total
Receipts to
June 7.
30
125
1
"'25
—
8
51
_
—
Totals this week.
Ml •sjl
132
157
5
742
3,434
786
215
338
348
222
....
....
Philadelphia
Since Sep
1 1905.
This
week.
1907.
15,504 2,481,923
1906.
61,897
60,493
97,815
10,276
96,754
1.8,607
36.335
59,119
12,772
8,786
111 ,696
498
36,950
11.411 1 ,578,057
235,186
144,418
17,241
13,646 1 ,433,729
182,442
2,488
2,680
841
293
168 545
1 .217
6,567
2,283
6,221
316.053
442
23 403
134
16,854
26,689
11
615,505
21,486
298
328
6,575
186
278
150
61,087
63,552
8,204
175,013
9,109
3,230
1,294
151.187
6,561
56,254 7,483.260
437,356
464,460
3 613
3 025
In order that
we.
comparison may be made with other years,
give below the totals at leading ports for six seasons:
1907. "
Receipts atNew Orleans.
Mobile
Savannah
1902.
2,899
11,015
29,990
23,350
2,981
19,331
2,705
5,620
,1.503
6,942
1,424
126
454
2,592
2,265
3,529
293
477
127
1
8
84
331
786
298
1,198
3,430
2.717
11,997
1 .184
9.654
58
3,431
2,283
6,221
30,299
56,264
101,681
583
6,4 26
-
122
74 2
Charleston, Ac
Wllmlng’n. Ac
Norfolk
1
N’port N., Ac
All others
Total this wk.
1903.
1904.
1905.
1906.
8,114
8.594
Galveston, Ac-
16,002
11,411
2,680
13,646
541
78
1,414
198
563
2,002
G30
14,448
13,466
20,356
1,161
-
9,520,813 7,483,2G0 9,187,790 7,009,114 7,545,802 7,318,767
exports for the week ending this evening reach a total
74,112 bales, of which 45,080 were to Great Britain,
233 to France and 28,793 to the rest of the Continent.
Below are the exports for the week and since St-pt. 1 1900:
The
of
,UY<7c
Exports
from—
changed.
N’port
8,276
2,706
««,
.
504
1,976
Georgetown
Wilmington
(lalvcston
Port Arthur
Sumatra in good demandand firm.
have been favorable.
COPPER has been quieter and easier; lake 24 \4@ 24'jjc.
and electrolytic 23):j@23:ls'c.
Lead has been dull and easier
at 5.85c.
Spelter has been firmer at 0.5234>0 0.55c. Tin
has been quieter at 41.40c. for Straits.
Iron has been firm;
No. 1 Northern $24 20@ $25 20; No. 2 Southern $24@$25.
2 199
^
r
Savannah
Brunswick
Charleston
SUGAR.—Raw has declined si ghtly, with trade dull and
offerings larger. Centrifugal 90-degrees test 3.84c.; musco¬
vado 89-degrees test 3.34c.
Refined has been withdrawn
freely on old contracts bit new business has been dull.
Granulated 4.90c.
Teas and spices have been moderately
active and generally steady.
Hops dull and steady.
PETROLEUM.—Refined has been active and strong.
Export quotations have been advanced; domestic un¬
Refined barrels 8.45c., bulk 5c. and cases 10.90c.
Naphtha has been in good demand arid firm; 73Oi 70 degrees
LSc: in 100-gallon drums. Gasoline active and firm; SO deg.
21c. in 100-gallon drums. Spirits of turpentine weak at 01c.
Rosin easier at $4 50@ $4 65 for common to good strained.
TOBACCO.—There has been an absence of noteworthy
developments-. Trade in domestic leaf has continued quiet.
Crop reports have been conflicting. The weather has con¬
tinued unfavorable in some sections and planting, it is
stated, has not been completed.
Crop reports from Havana
•
Total.
Frl.
984
—_
946
39
021
124
Thurs.
1,174
2,224
—
459
105
New Orleans
Mobile
Pensacola
.
DAILY
941
—
Corp. Christi, Ac.
Wed.
Tues.
Mon.
Sat.
Receipts at—
.
has been easy with trade stagnant.
City 9c. and Western 9@9J4c. Refined lard has been
steady. Trade has been dull and confined to small jobbing
transactions.
No export business has been reported of
late.
Refined Continent 9.55c., South America 10.50c. and
Brazil in kegs 11.50c.
The speculation in lard futures at
the West has been active.
Prices have declined, owing to
the dulness of the spot trade and long liquidation.
There
has been undoing of spreads through purchases of ribs and
sales of lard, causing weakness in lard at times. The reaction¬
ary tendency of the grain markets has also been depressing.
LARD
telegrams from the South to-night is given below. For
the w*eek ending this evening the total receipts have reached
30,299 bales, against 47,513 bales last week and 51,882
bales the previous week, making the total receipts since
the 1st of September 1906, 9,520,813 bales, against 7,483,200
bales for the same period of 1905-06, showing an increase
since Sept. 1 1906 of 2,037,553 bales.
ending June 7
Exported to—
; Gnat
i
Britain. Fr’ncci
1
Conti-
I
netit.
I
08.524' 28.059'
00.400'
;
04,100,. 29,342
55,809;
100
091,535
52.519
...
7,800
,SGG
■
i
1
Chariest on
\\ ilminvtion
Norfolk
;
News..'
102,140
89,721
49,700
115.021
2,307
0,000'
4.115
10,639
1
...
100
..
1
3.277
196.219’ 38,350
I
132.6,24
4,957
85.6,88
362
33,870
6,159!
|
_____
1G5
San Francisco.
165;
_
Portland, Ore
Total
21.393
307,280
♦
i
206,196
17,613
64.123
4,266
1905-00
9,079
45.080
20.954
233
7,982
28.793
58.201
79.307,
90,504
40.598
900
4,170
‘
Total
100
903,447
142,240
7,414
0.140
440.705
150,237
155.970
38.130
7.501
_
Seattle
Pembina
Detroit
50,989
149,317
]
21.393
7.501
Portland. Me..
Tacoma
Total.
180,205
5.047
1
*1
New York
Boston
Baltimore
Philadelphia
Con tiFrance.
j
,324
New Orleans
...
Gnat
Iirito in,
24,400 1,749,188402,177.1 072.155 3 ,283,520
i
132.S23
75.80h
50,962
1,547
1.547
S9S~9S7 275*.828 Sit.6 M) 1 .989.495
22 ,440
Corp.( hristi.Ac
Mobile
Pensacola
Fernamlina
Savannah
Brunswick.
1907.
Exported to—
’
Total.
runt.
,223
21,
1907. From Sept. 1 1900 to June 7
74,112 3.077.083 895.081
87,137 2.708,500 OS 1.210
79.307
90,504
40,598
900
4.170
9,079
3.552,7208,125,484
2.042,S20 0,032,548
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
On
»
Other
many.
Foreign
1,159
1,597
4.678
5,856
New Orleans..
Galveston
Ger¬
1.666
100
Savannah
Charleston
Mobile
V.eoo
Norfolk
New York
Other ports
1 500
19 434
28,379
56,301
_
-
1,597
18,647
16,488
4,525
45,018
34,564
1,341
4.480
700
100
!
Leaving
1
19,089
19,258
3,500
32,835
-3.500
2,800
21,670
1 5,019
22,758
22,383 69,609
21,434 128,497
25,843 155,954
367,747
335,963
315.720
5,676
15,686
15.686
—
MRange ay— Range April— Range March— Closing Range Feb.— Closing Range Jan.— Closing Range Dec.— Closing Range Nov.— Closing Range Oct.— Closing Range Sept.— Closing Range Augst— Closing Range July— Closing Range June—
Closing Closing Closing;
78,726
42.639
200
1,200
100
76
1
I
|1
1
1
1
1
1
1
1
|
1
1 1
was
1
1
an
tinged.c. 0.12
off
0.46 off
Middling
iwt&mM
i'.i
The official quotation for
New York market each day
tinged. 0.06 off
0.90 off
1.25 off
0.42 off
0.50 off
0.78 off
1.50 off
1.75 off
2'00ofl
in the
middling upland cotton
of the past week has been:
June 1 to June 7—
Sat. Won. Tues
Fri
Wed. Thurs.
12.80 12.90 12.90 12.90 13.00 13.25
Middling upland.'.
MARKET AND SALES AT NEW YORK.
The total sales of cotton on the spot each day during the
week at New York are indicated in the following statement.
For the convenience of the reader we also add columns which
show at a glance liow the market for spot and futures closed
on
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M-k M-k
M-k M-k
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c
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M-k M-k
I
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I
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©
COTTON to-night, as made
telegraph, is as follows. Foreign stocks,
this week’s returns, and conse¬
the afloat, are
Thursday
for
the
quently all foreign figures are brought down to
But to make the total the complete figures
to-night (Friday), we add the item of exports from
United States, including in it the exports of Friday only.
evening.
1906.
1905.
1904.
862,000
14,000
67,000
832,000
13,000
55,000
561,000
11,000
48,000
1,294,000
14,000
346,000
943.000
14,000
242,000
249,000
3.000
127,000
4,000
17,000
67.000
28.000
52,000
7,000
900,000
11 ,000
328,000
1,000
113,000
3,000
28,000
51,000
5,000
620,000
22,000
205,000
4,000
154,000
3.000
23.000
40,000
15,000
457,000
540,000
466,000
1907.
bales.1,190,000
10,000
94,000
June 7—
Stock at Liverpool-..
Stock at London.Stock at Manchester
stock
Total Great Britain
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles.
Stock at Barcelona
Stock at Genoa
Stock at Trieste
1 1
,000
1,440,000 1,086,000
2,018,000 1,400,000
105,000
184,000
248,000 218,705
367,000
200,705
24,000
27,000
Egypt,Brazil.&c.,alloat for Europe 41,000
160,000
83,000
Stock In Alexandria. Egypt
106,000 967,000 907,000
Stock In Bombay, India
753,000 464,460
471 .674
437,356 249,359 272.709
Stock in U. S. ports
Stock In U. S. Interior towns
242,238
20,896
5,745
U. S. exports to-day
4,409
3.70S,279
Total visible supply
4,050,708 3,599,269
Of the above, totals of American and other descriptions are as
Total European stocks
India cotton alloat for Europe
American cotton afloat for Europe
American—
Liverpool stock
Manchester stock
Continental stock
American afloat for Europe
U. S. port stock
-
.1.056,000
bales.1,056,000
80,000
633,000
633,000
200,705
U. S. Interior stock
U. S. exports to day
,
.
437,356
242,238
4,409
.
.
Total American
East Indian, Brazil,
&c.—1
134.000
10,000
14,000
91,000
248,000
134,000
Manchester stock.
Continental stock.
India alloat for Europe
41.000
Egypt, Brazil, &e., alloat
11)6,000
Stock In Alexandria, Egypt.106,000
753,000
Stock in Bombay, India.
India
367,000
471 .674
272,709
5,745
20,896
508,00(1
27,000
131,000
487,000
252,974
137,844
3,500
2,365,318
follows:
431,000
38,000
371,000
91,000
252.974
137,844
3,500
2,441,279 1,325,318
2,653,708
2,653,708 :2,145,269
Liverpool stock
London stock
Total East
757,000
44,000
751.000
56,000
400,000
218.705
464.460
249,359
149,000
91.000
,000
14,000
11 .000
57,000
184.000
27,000
83.000
75,000
13,000
1 1 ,000
32,000
105,000
24,000
967,000
907,000
111
160,000
130,000
11,000
10.000
95.000
149,000
27.000
131,000
487,000
,040,000
1,397,000 1,454.000 1,327,000 1
2.441,279 11,325.318
&c
2.653,708,2.145,269
3,768.279 2,365,318
Sales of Spot and
Futures
Saturday._
Monday
Tuesday
Wednesday
Thursday
©co
*00
1
1
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05 05
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days.
same
Total.
w to
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on
-
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M-k
a
2.00 on j Strict low mid-.c. 0.14 off •; Mkldli ng
0.32 off Strict low mid.ti ng
1.75 on Fully low mid
0.50 off Low mid. tinged..
1.50 on Low middling
0.70 off j Strict g’d ord. ting
Barely
low
mid
1.25 on
mid. stainod
1.00 on j Strict good ord
0.90 off Fully
Middling stained..
Fully good mid
1.07 off Barely nnd .stained
0.S8 on Fully good ord
Good middling
0.76 on Good ordinary
1.25 off Strict low m. stain.
Barely good mid.. 0.57 on ' Strict g'd mid. tgd. 0.30 on Fully 1. m. stained
Good
mid.
tinged.
Even
0.3S on
Strict middling
Low mid. stained.
1
M-k M-k
|
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1 1
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son
c_
—
00
00
liquidation set in and the
Strict mid. fair
Middling fair
Barely mid. fair-Strict good mid
1-1
to to
1 1
1 1
market
the same elasticity and strength
which were recently such striking characteristics.
Never¬
theless trading on the short side has been cautious for the rea¬
that although the Government report was not so bad as
had been expected, it still showed a condition for June the
lowest for some 35 years.
The report issued by this news¬
paper early in the week was also regarded as the in main very
unfavorable. Other published reports of a similar tenor and
voluminous private correspondence by mail and wire con¬
firmatory of the Government and Chronicle reports have
latterly had a tendency to check any downward drift of
prices, which otherwise might have become more marked as a
result of the distinctly better weather conditions in not a few
In the main they
sections of the belt during the past week.
have been warmer and clearer.
The crop complaints are due
to
previous and rather prolonged period of adverse condi¬
Much replanting has had to be done, stands are re¬
tions.
ported poor, some of the fields are. grassy .and from Texas
there are beginning to be some complaints of boll-weevil.
The recent advance, however, had been very marked,
amounting to something over $10 a bale, and it was felt that
with the Government report out of the way, much of the
bullish news had been sufficiently discounted for the time
being. A big long interest had been built lip, partly con¬
sisting of “pyramids”, as usual when the outside public en¬
gages in the speculation.
When prices started on the decline
Tuesday it was greatly accelerated by the liquidation of
weak long accounts.
But there is a widespread conviction
in the trade both at home and abroad that exceptionally good
weather conditions are now necessary if an adequate crop
is to be raised with which to meet the demands of what looks
like
unparalleled consumption. It is therefore felt that
the future of prices hinges very largely on the weather con¬
ditions during June.
To-day July suddenly advanced 45
points owing to heavy buying by local, New Orleans and
Liverpool shorts, some buying by spot interests and manipu¬
lation attributed to the leading “bull” on July.
Bad crop
accounts were a feature.
One report put the condition at 69
Spot cotton has
and the increase in acreage at only 1.2%.
been quiet and firm.
Middling closed at 13.25c., showing
advance for the week of 35 points.
The rates on and off middling, as established Nov. 21 1906
by the Revision Committee, at which grades other than
middling may be delivered on contract are as follows:
Fair
|
1
1
1
not quite so
tion was above this, heavy
has not since shown quite
1
1
Mk H-k
|@
|©
bad as many had expected. It gave
the condition on May 25 at 70.5%, against 84.G last year,
77.2 the year before and 74.1 four years ago, the previous
low record for June.
That the announcement of this report
was the signal for a marked reaction was due both to the fact
that many had looked for a lower condition and also, to bet¬
ter weather at the South.
Previous reports from private
sources had put the condition in some cases as low as 63 to
6G and the guesses on the Government report on the Cotton
Exchange had ranged from GO to 78 in the case of 100 mem¬
bers, with the average 08.94%.
As the Government condi¬
it
1
1©
1©
Speculation in cotton for future delivery has at times been
very active and early in the week prices advanced sharply in
anticipation of a very bullish Bureau report. But they de¬
clined quickly when the report was announced on Tuesday,
1
1
1 1
as
1
I
,
!
1
1
I
stock.
Total.
6.467
4,600
7,717
171,513
23,250
800
800
1,800
Total 1907...
Total 1906.
Total 1905.
10,314
7,256
2,700
Coast¬
wise.
prices at
FUTURES.—The highest, lowest and closing
New York the past week have been as follows:
Shipboard, Not Cleared for—
Great
Britain. France
June 7 at—
1875
THE CHRONICLE.
1907.]
June 8
Steady,
Steady,
Steady
Steady
Steady,
Steady,
Closed.
10 pts. dec. Barely
10 pts. adv_ .Steady
Steady
J
| Con-
Ex portsum'7i.
steady!
i
Contract.
Con-
j
tract.
Total.
"400j "400
107
i
107
100
!
10 pts. adv_ Barely steady;
25 pts. adv. Steady
299
266
200:
499
lOOj
366
772
700j 1,472
Firm
J
j
*
100
7.44d.
Middling Upland, Liverpool
13.25c.
Middling Upland New York
lid.
Egypt, Good Brown,
11.1 r»d.
Peruvian, Rough Good, Liverpool
5
6 % d.
J s d.
Liverpool..
Broach, Fine, Liverpool.
Tlnnevelly, Good. Liverpool
Continental imports
5
5
6.681I.
12.15C.
5 11 16d.
4.73d.
8.70C.
7-sd.
10.80d.
4 9 16d.
6 5.32d.
5Hd.
4,4d.
5Jid.
6.Old.
11.20c.
11 Hd.
8.65d.
past week have
7Hd.
10.50d.
been 67,000 bales.
week
ex¬
1,6S5,390
figures for 1907 show a decrease from last
of 124,130 bales, a gain of 451,439 bales over 1906, an
cess of 282,429 bales over
1905 and a gain of
The above
bales over 1904.
TOWNS the movement—that is,
AT THE INTERIOR
the
receipts for the week and since Sept. 1, the shipments
stocks to-night, and the same items for
corresponding period for the previous year—is set out
for the week and the
the
[VOL.
THE CHRONICLE
1376
QUOTATIONS FOR MIDDLING COTTON
each
day of the week:
Closing Quotations for Middling Cotton on—
ween
3-d
d :
C/3 <Sj
o :
—
o
c
Galveston
New Orleans
Mobile
Savannah
Charleston
?o
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aw
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as m >3 50 M 03 o <
co
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as
12%
June 1.
o iy tj «j y o oi i-1
o:*-**-*
i-1
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os i-t
o w a c "a y a
r\s
as
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oc i-* casas or-1-^103 as co
as o''w o a as o m * m
oi o a w o O' oi
Range
mo*. .t*.
m vi a-i to
as
•-*!
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i-* t
an
August—•
Range
Closing
£5?
to i
co 03 •
■>J
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icoiii
I
to
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an
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i
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CT
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.12 57
>u
toasco*-*
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as
as to oc»-»as a» oo os ro *-*j-*
tJi
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oo-j03coc3as^coo3i
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co
Range
*-* c
Closing
January—
Range
Closing
ft
a<C3-a
O' as to a.
i~»
©
«J
©
I-1
as
*-**-*>-*
O3as»-*ooi-i
t-*eo^ji.i-*i-‘ai030.«j03i3-aso
,t».ai-<i^03.ooroooa»oc3to
os ao co o to co to o ^t oc
oc to co os to to to os to <i as oc ^
os
co •'J as to y as
Spot
Options
to
di-ai as oco •-‘"coVi osbecbo
as oe © ojco to co co ■*! to >-*
^hj*4CDJkcoiUaioconvtcoa»toto>-‘Ooocoai“jasas0 33Uj.co^030303atto
03totooo-vtooco“4ccto03i-‘Oascoan-‘0*^oai^4^cDa»^J>-‘C3i-*^iooat
cotoi-^ascn-'asto-joo^jco
i
as
cocan
as
coot
cmi
oe
toaicoccro*vi03>-‘can-*a5 03 03*siocoasoco0itk0a'03
,
coa<co
>-*
,
as as *-* i
c*-*an
cm ci
i
i
i
C
co as ^t a>
o
i->
an-* c ■-* to ■-* i-- m c a> co to ^t i-1 co co to os
i»toocto
a**4*-*
as^a>^iasctoco
asa»
»j«jbc1-*">-*3oco-sio».1u.boasa«3-‘Tck
coco
*^*-*bootob3toVi1-*bo
CsiS
03CO
•
as
•^tan-*Gci-*03i-‘i-‘ascooa3CDCDa'coas03foaso3*-‘03a50casC3
to y> :r m to 03 m ro os as ye oe os oe c as o ac y> to c oc to to .ts. a< os
erate.
week last year.
as made up from
telegraphic
results for the week and since
are as follows:
reports Friday night.
Sept. 1 in the last two
Since
Sept. 1.
771,308
211,262
80,953
82,829
52,117
423,657
June 7—
Week.
Shipped—
.St. Louis
Cairo
Rock Island
Louisville
Cincinnati
other routes. &c
__
9,077
991
...
641
__
1,416
905
3,169
..
Total gross overland
...16,199
Deduct shipments—
Overland to N. V., Boston, &c_.
1,123
Between Interior towns
3,044
Inland, <5cc., from South
The
years
1,248
.
245,174
1,138,678
160,658
93,124
61,763
942
139,418
2,430
19,431
50,81 1
209,660
Leaving total net overland.a... ...12,032 1,306,581
7,318
929,018
4,167
...
Including movement by rail to Canada.
The foregoing shows the week’s net overland movement
has been 12,032 bales, against 7,318 bales for the week
last year, and that for the season to date the aggregate
net overland exhibits an excess over a jrear ago of 377,563
bales.
1905-06
1906-07
Since
Spinners’
Takinns
Wppk
Receipts at ports to June 7
Net overland to June 7
Southern consumption to June 7__
30,299*
Total marketed
Interior stocks in excess
week
Since
Sept. 1.
Week.
9,520,813
1.306,581
1 .898,000
56,264
7,318
46,000
90,331 12.725,394
a26,300
145,962
109,582
a21,428
12,032
48,000
Sept. 1.
7,483,260
929,018
1,847,000
10,259,278
114.182
88,154
64,031
12,871,356
spinners’ takings to June 7. 38,323
2,522,154
10,373,460
28,516
2,231,800
Decrease during week.
Movement into
1905—June 9
1904—June 10
1903—June 12
1902—June 13
13%
13%
12%
12%
12%
12%
13.25
13%
13.50
13%
12%
12%
12%
12%
12%
12%
13
12%
sight in previous
Hales.
142,126
45,047
48,325
49,933
June 5.
June 4.
June 6.
(a)
12.45
—
—
®
12.51
Friday,
June 7.
—
—
m
12.75
—
—
—
-
12.40
12.45
—
Roll-
day.
—
—
12.54
—
*5
12.61
—
—
12.80 —
12.SO-.82
12.00- .40 12.06- .36 12.29- .46 12.26-.46
12.19- .20 12.35- .36 12.29- .30 12.43.44
12.17- 33
!12.24- 25
11.97- .30 12.30- .32 12 24- .42 1 2.23-.41
12,15- .16 12.32- .33 12.24- .25 12.38-.40
12.20- 34
12.27- 28
12.12- .32 12.05- .35 12.27- •43 12.26-.40
1217- 19 12.34- .35 12.27- .28 12.39-.40
:
Firm.
Firm.
Steady.
Steady.
Steady.
Firm.
Firm.
Firm.
Steady.
Firm.
Steady.
TELEGRAPH.—Telegraphic
this evening from the South indicate
The
Under the better weather field work
progress and some
ment in the crop.
of
our
has made fair
correspondents report an improve¬
Galveston, Texas.—Crops arc very foul over much of the
needing continued sunshine and dry weather.
Replanting is not yet finished. Rain has fallen on one day
of the week, the precipitation being two hundredths of an
inch.
The thermometer has ranged from 64 to 83, averag¬
ing 74.
Abilene, Texas.—Rainfall for the week one hundredth of
an inch on one day.
Average thermometer 75, highest 98,
State and
are
past week, the rainfall being fifty-six hundredths of an inch.
Thermometer has averaged 76, ranging from 64 to 88.
Cuero, Texas.—There has been rain one day during the
week, the precipitation being eight hundredths of an inch.
Thermometer has ranged from 59 to 94, averaging 77.
Dallas, Texas.—It has rained on two days during the
week, to the extent of one inch and twenty-two hundredths.
3,372
Week—
13%
13.15
13%
12%
12%
12%
12%
55,452
683
315,545
Total to be deducted
a
13%
13.15
Brenham, Texas.—There has been rain on one day of the
week, the rainfall being sixteen hundredths of an inch. The
thermometer has averaged 74, the highest being 88 and the
10,690
...
North,
13.00
1905-06
Since
Week.
Sept. 1.
6,170
498,855
895
198,029
309
43,528
97,640
1,385
1,622,126
...
Came Into sight during
Total In sight June 7
12.90
lowest 52.
1906-07
In Sight and
13%
12.90
during
temperature has been somewhat higher in
the main and although rain has fallen in most localities the
precipitation has quite generally been light or very mod¬
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.—We give below a statement showing
the overland movement for the week and since Sept. 1,
a
13%
12.90
.
;12.27-
__
the week.
'
Via
Via
Via
Via
Via
Via
12%
13 %
that the weather has been more favorable as a rule
|; The above totals show that the interior stocks have de¬
during the week 26,300 bales, and are to-night
7,121 bales less than at the same time last year.
The
receipts at all the towns have been 1,608 bales more than
same
12%
13%
12.55- .75 12.50- .70 12.75- .87 1 2.80-.00
12.76- .81 12 99-.00
12.55- .57 12.70
reports received by us
^ 35
S-st’a
creased
the
12%
WEATHER REPORTS BY
s2 Co
i
12%
i
Tone—
as O3O0C3
i
12%
—
12.20- .35
.28
December—
%
a"'
to
i-igo
12%
12.34
—
1—
Closing
Mt; a
I-1
I
...
.
i
c o o o co i-1 an-* as 03 co *-*-0' as ~i co
ot ai os
June 3.
October—
o' ro
co >3 as
‘-‘.t.ooosji.oooasi-'asastotoMO-viasocasasi-'OscoOk
►-» pi o*4^o3 P'03 03 O'ocasascs to coOJ^33*Ja-« eooo*-‘03-*i-‘
as oo as o
12%
12%
12
Monday, Tuesday, Wed day, Thursd’y,
J12.64- .81
.70
j 12.68-
Closing
Range
ioi
12%
12%
12
%
12.46
July—
Range
5*3 to
i-11
bo co
—
Closing
o»o^iasi-‘*i3i<ioa''*J03CO^.onrjcDoacicfi-‘asco
os >-* at ro fj
ooi
an
12 9-16
12
June—
*-*1-*
0»01CC>iC>.©MWCJ©~JM
00©M«0CDC»I0O>i-*^00WCnC.lMC>©Oii-‘C>*4C.3©.t*'Mt\9~Jt'a<0-'l*44^l-*
CO SoVlblO C3
CD *-J*M b3NM’ttC3 1SOMJ3»'l"J'-‘MM#0®>»iaMit303oc-viicc;r\s»-.id“-i03Wo;'^-*Jcoo3-iO'^03o;iro03>:J.ooc;'cooc>->r-H-*.
i-*r\9*-‘.*J®©©9o©Ooce&5iJa>>-*0"-*t'S*fc»OOC».5»©C009<k GO 03 CO GO J*. t\5 CO Go
y ~4 co-
12%
12 9-16
12
13%
13%
12%
12%
| Sat’day,
,
>-*
m
12%
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:
I
I
COi-‘WCDW3-“-M\St>S.t*3-*OOC,T3e-4CCOOCiCJ>CO
l-*^l'
12%
13 %
12.80
13 %
13.15
Friday.
t\S
O,
iU«i
co
%
13%
12%
12%
12%
St. Louis
Houston
Little Rock
I
I
I
I
I
I
lilt
t\J t\5 Ol ’
Tuesday.* Wed’day. Thursd’y.
i
i
I
12
Memphis
•O PV*
.
f
I
I
l
e
till
I
:p
3
12
Augusta
.cr
ron
12%
12 %
13 %
12.90
13 %
13.05
Wilmington
2.PO
12%
12
Philadelphia
o
P
on
—
Norfolk
Boston
Baltimore
>
n
t O 3*0 _
■H
•
3-
b3®.“o?
•-I
Monday.
12 %
.
.**§£1
O pa
Sat’day.
:
'3 S3? i
C
o
enuuig
June 7.
i
nJKCt
2 o c ;
•
AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
in detail below.
o
LXXXIV
Corpus Christi, Texas.—We have had rain on one day the
Average thermometer 75, highest 96, lowest 53.
Henrietta, Texas.—We have had rain on one day of the
week, the rainfall being forty hundredths of an inch. The
thermometer has averaged 71, the highest being 89 and the
lowest 53.
Huntsville, Texas.—Rain has fallen on one day of the week
an inappreciable extent.
The thermometer has averaged
73, ranging from 56 to 90.
Kerrville, Texas.—There has been rain on two days during
the week, the precipitation being thirty-two hundredths of an
inch.
Thermometer has ranged from 64 to 98, averaging 81.
Lampasas, Texas.—Rain has fallen on one day of the week.
The rainfall reached nine hundredths of an inch.
Average
thermometer 73, highest 95 and lowest 51.
Longview, Texas.—Rain has fallen on two days of the
week, the precipitation being thirty-eight hundredths of an
inch.
The thermometer has averaged 73, the highest being
to
92 and the lowest 54.
Luling, Texas.—We have had rain on two days the past week,
hundredths of an inch. The
ranging from 57 to 90.
Nacogdoches, Texas.—Rain has fallen on two clays during
the week, the precipitation being twenty-nine hundredths
of an inch.
The thermometer has ranged from 53 to 87,
averaging 70.
the rainfall being thirty-three
thermometer has averaged 74,
years:
Since Sept. 1—
1904-05—June
9
1903-04—June 10
1902-03—June 12
1901-02—June 13
lowest 59.
Bales.
12,272,305
9,697,313
10,327,855
9.936,788
THE
June 8 1907. J
CHRONICLE
Texas.—Rain has fallen on one day of the week,
the rainfall being fourteen hundredths of an inch.
Average
thermometer 71, highest 86, lowest 56.
Paris, Texas.—There has been rain on three days of the
week, the rainfall being one inch and seventy hundredths.
The thermometer has averaged 71, the highest being 90 and
Palestine,
following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like period.
Texas.—It has rained on two days of the
The precipitation reached fifty-nine hundredths of an
The thermometer has averaged 75, ranging from 56
fallen on one day of the
week, the precipitation being four hundredths of an inch.
The-thermometer has ranged from 54 to 95, averaging 75.
New Orleans, Louisiana.—There has been rain on one day
of the week the rainfall being one inch and eighty hundredths.
Weatherford, Texas.—Rain has
The thermometer
TAKINGS OF COTTON.—
WORLD’S SUPPLY AND
The
the lowest 51.
San Antonio,
week.
inch.
to 94.
1377
'•
-
Cotton Takings
Week and Season.
Louisiana.—Rain has fallen on three days of
the week, the rainfall being thirty-eight hundredths of an
inch.
The thermometer has averaged 73, ranging from 55
..
"
88’, 154
200
20,000
io
,666
4.050,708
June 7
4,050.708 3,599,269
297,361 14,853,304
215,161 11 ,115,804
82,200 3,737.500
Vicksburg, Mississippi.—Rainfall for the week eleven
hundredths of an inch, on one day. Average thermometer
72, highest 88, lowest 56.
Helena, Arkansas.—Farming is doing better.
warmer this morning.
There has been rain on one day dur¬
Weather
in Europe from
Embraces receipts
COTTON CONSUMPTION
crop
Brazil. Smyrna, West
movement for the month
for three years.
ended May 31
MOVE¬
of May and the nine
months
hundredths
ing the week, the precipitation being thirty-three
of an inch.
Thermometer has ranged from 57 to 87, aver¬
aging 70.
Little Rock, Arkansas.—The weather has been more season¬
able for farm work the past week.
Temperature higher and
cotton is improving.
Rain has fallen on one day of the week,
the rainfall being forty-nine hundredths of an inch.
Average
thermometer 70, highest 85, lowest 55.
Memphis, Tennessee.—Weather conditions have
greatly
is active. There has been rain on
improved and farm work
three days during the week, the precipitation being eightyone hundredths of an inch.
The thermometer has averaged
69.7, the highest being 82.9 and the lowest 53.7.Nashville, Tennessee.—We need warm, dry weather badly.
We had rain the past week, the rainfall being eighty-three
hundredths of an inch. The thermometer has averaged 68,
ranging from 52 to 83.
Alabama.—Favorable weather in the
1906-07.
Alabama.—Weather greatly improved. Sun¬
finely and prospects are br'ghter.
of the week. The rainfall reached
Average thermometer 72,
seven hundredths of an inch.
highest 86 and lowest 58.
Selma, Alabama.—There has been rain on two days of the
week, the rainfall being fifty hundredths of an inch.
The
thermometer has averaged 69, the highest being 80 and the
Montgomery,
shine has helped farmers
Rain has fallen on one day
lowest 57.5.
Madison, Florida.—There
has been rain on one day of the
rainfall reaching one inch and fifty hundredths.
The thermometer has averaged 76, ranging from 60 to 89.
Augusta, Georgia.—Rain lias fallen on four days of the
week, the precipitation being sixty-two hundredths of an
inch.
The thermometer has ranged from 57 to 90, averaging
past week, the
Savannah, Georgia.—Rain
has fallen on four
rainfall being ninety-seven
to 88.
AGRICULTURAL DEPARTMENT
the crop to
New Orleans
Memphis
Nashville
Shreveport
Vicksburg
.Above zero of gauge.
Above zero of
Above zero of
Above zero of
Above zero of
gauge.
gauge.
gauge.
gauge.
received by tele¬
the points named
Feet.
June
8 1906.
Fret.
17.5
10.5
10.9
8.2
12.4
9.0
20.8
40.2
11.1
17.G
EXCHANGE.—Annual Election.
of the Now
June 3. The
James H. Parker;
Vice-President, E. M. Weld; Treasurer, James F. Maury;
Managers, Leopold Bache, A. B. Gwathmey Jr., John A.
Hartcorn, M. J. Parrott, Thos. E. Hicks, George F. Jones,
Chas. I. Long, L. Mandelbaum, Wm. Mitchell, Wm. Mohr,
George Brennecke, Wm. S. Ray, S. T. Hubbard, Reinhard
Seidenburg, E. P. Walker; Trustee of the Gratuity Fund,
George A. Chapman; Inspectors of Election, W. A. Boger,
NEW YORK COTTON
—The annual election of officers and managers
York Cotton Exchange was held on Monday,
ticket elected was as follows:
President,
J. C.
Royce, W. G. Carr.
2,200,268
1,794 ,000
7,642,972
559,645
2,071.439
1 ,653,000
REPORT ON ACRE¬
May 25 In per cent:
ures
area
Area planted and to Area plant. Condlt’n Mav
25.a normal
a nd to be
show’g be planted in 1907,
planted In condit. being
as compared with
planted
represented
1907.
that planted in 1906.
1906.
by 100 %.
Acres.
%
in
Acres.
Nortli Carolina..
.
South Carolina.
_
Georgia
Florida
_
2,463,000
4,728,000
.
..
..
.
.
Alabama
.
.
Louisiana
Texas
Arkansas
Tennessee
Oklahoma
Indian Territory.
100
102
100
102
95
94
94
96
104
94
93
37,000
1,409,000
Virginia
Missouri
June 7 1907.
511,942
Revised fl(j-
55 to 83.
The following
■
106,311
,390,118
79,090
1,135,795
645.452
9.054,257
658,090
1
or
Mississippi
Carolina.—It has rained during
statement we have also
graph, showing the height of rivers at
at 8 a. m. of the dates given:
72,900
1,126,281
53,838
920,448
343,042
7,414,714
320,049
5,941 ,598
&c.—The Agricultural Department at Washington
issued on June 4 its report on cotton condition and acreage.
The following is what it says on the subject of acreage:
The Crop Reporting Board of Statistics of the Department of Agriculture,
after careful consideration of replies to supplementary Inquiries, reported
from special Investigations of the correspondents and agents of the Bureau
of Statistics and the report of the Bureau of the Census on cotton production
in 1906, finds that the estimate made on June 4 1906 by this Bureau of
the acreage planted to cotton In 1906 was too low, and In order to bring
the figures as near as possible to the actual facts, the Board, after consider¬
ing all the evidence on the subject, has made certain adjustments and re¬
vision In the report of June 4 1906, which show that the area planted In
1906 was about 32,049,000 acres.
From reports of the correspondents
and agents of this Bureau, the Crop Reporting Board finds the total area
planted and to be planted to cotton In the United States this year to be
about the same as the area planted last year; that Is, 32,060,000 acres planted
to be planted this year, as compared with 32,049,000 acres which were
planted last year.
The average condition of the growing crop on May 25 was 70.5, as com¬
pared with 84.6 and 77.2% at the corresponding date In 1906 and 1905
respectively, and a 10-year average of 83.6%.
The following table shows by States and for the United States the re¬
vised figures of the area planted In 1906 In acres; the area plarited and
to be planted In 1907 as compared with that planted In 1906 In per cent:
the area planted and to be planted In 1907 In acres and the condition of
the week.
The precipitation reached two inches and eighty-one hun¬
dredths.
The thermometer has averaged 67, ranging from
Charlotte, North
305,985
8,051,073
493,033
2,499,453
1 .850,000
1904-05.
AGE,
days of the
hundredths of an inch.
Average thermometer 75, highest 90, lowest 62.
Charleston, South Carolina.—We have had rain on three days
the past week, the rainfall being forty-two hundredths of an
inch.
The thermometer has averaged 77, ranging from 61
week, the
256,618
9,490,514
1905-06.
-
interior and
averaging 73.
*
43,758
synopsis of the
Northern spinners’ takings to June 1
Southern consumption to June 1
Overland to Canada for 9 months (In99,012
112,270
115,316
eluded in net overland)
22,370
10,213
500
Burnt North and South In 9 months
9,183
9,544
8,279
Stock at Northern Interior mark'ts June 1
750,542
490,88(1
400,638
Came In sight during Mav
12.091,052
12,807,325 10,267,162
Amount of crop In sight June 1
1 ,052,698
1.465,789
Came In sight balance of season
11,319.860 13,556 841
Total crop
513.23
510.32
514.67
Average gross weight of bales. 491.00
486.82
492.17
Average net weight of bales
crop reports are
and the first bloom
73.
58,450
1,605,927
1,294,549
Exports in May
Exports In 9 months
Port stocks on Mav 31
Planting is about completed
this season was reported on May 2S in
Clarke County, Ala.
Rain has fallen on two days during the
week, the precipitation being one inch and forty-two hun¬
The thermometer has ranged from 61 to 87,
dredths.
improving.
bales.
Gross overland for May .
Gross overland for 9 months
Net overland for Mav
Net overland lor 9 months
Port receipts In May
Port receipts In 9 months
Indies, &c.
AND OVERLAND
1.—Below we present a
MENT TO JUNE
3,599,269
281.747 13.251,661
179.747 9,866,661
102,000 3,385,000
Leland,
a
2.438,000
274,000
782,000
438,000
4,348.069 18,904,012 3,881,016 16,850,930
Total takings to June 7
Of which American
Of which other
the
2,545,470
10,373,460
35,000
13,000
324,000
913,500
306,000
30,000
Deduct—
Mississippi.—There has been rain during the week,
precipitation being forty-five hundredths of an inch.
Thermometer has ranged from 52 to 88, averaging 66.1.
1,784,156
eV.osi 12,871,356
59,000 2.705,000
"
Total supply
Visible supply
3.734,862
4,174,838
Visible supply May 31
Visible supply Sept. 1
American In sight to June 7_.
Bombay receipts to June 6
Other India shlp’ts to June 6
Alexandria receipts to June 5
Other supply to June 5 a
to 90.
Mobile,
Season.
Week.
Season.
Week.
'
has averaged 76.
Shreveport,
1905-06.
1906-07.
_
_
.
294,000
3,733,000
3,400,000
1,778,000
9,076,000
2,139,000
822,000
94,000
_
1,102,000
914,000
United States. .32,049,000
37.000
1,437,000
2,463,000
4,823,000
279,000
3,509,000
3,252,000
1,707,000
9,439,000
2,01 1,000
765,000
79
74,000
120
103
1,322,000
942,000
100
32,060,000
80
80
77
74
80
65
65
64
70
65
63
65
80
78
70.5
editorial col¬
Report,
with an account at length of the condition of the plant in each
section of the South.
The report has been prepared in cir¬
cular form, and the circulars may be had in quantity with
COTTON ACREAGE REPORT.—In our
will be found to-day our annual Cotton Acreage
umns
business card
printed thereon.
NEW YORK
The quotations
June 7 for each of
QUOTATIONS FOR 32 YEARS.
for middling upland at New York
the past 32 years have been as follows:
13.25 1899.c
1907.C.
1906... __._11.20 1898
8.40 1897
1905...
11.80 1896
1904...
11.50 1895.
1903...
9.38 1894
1902...
8.38 1893_
1901-.8.88 1892
1900
_
...
6.31
...
6.50
7.69
7.75
7.25
1888-.-
7.88
1887...
1886-.1885...
7.75
1884...
7.44
....
1891-C1890...
1889...
on
8.75 1883.C... ..10 62
...12.19
12.25 1882
...11.06
11.19 1881
...11.88
10.00 1880
...13.06
11.44 1879
..11.38
9.25 1878
-.11.62
10.75 1877
12
11.62 1876
t\
[VOL.
THE CHRONICLE
1378
INDIA COTTON MOVEMENT FROM ALL PORTS.—
The receipts of cotton at Bombay and the shipments from all
India ports for the week and for the season from Sept. 1 for
three years have been as follows:
Since
Sept. 1.
Since
Receipts at—
Week.
Week.
Sept. 1.
To St Petersburg—June 4—Ecclesla, 100:
To TJddevalle—June 4—Ecclesla, 100
BOSTON—To Liverpool—May 28—Canadian,
Sachem, 248
Arabic, 90
Since
Week.
Sept. 1.
62,000 2,394,000
35,000 2,438,000
59,000 2,705,000
Bombay
Total bales
SAVANNAH—To Bremen—June 4—Ecclesla, 4,035
3.281
To Reval—June 4—Ecclesla, 200
1904-05.
1905-06.
1906-07.
June 6.
LXXXTV.
June
Teesbridge,
7,316
Teesbridge, 150
1,343___ .May 31 —
1,596
June 5—
4—Wlnlfredian,
Great
Britain.
Total.
nent.
Conti¬
nent.
Great
Britain.
Conti¬
74,112
^
particulars of the foregoing shipments for the week,
arranged in our usual form, arc as follotvs:
Total.
-—Oth.Europe— Mex.,
Great French Ger&c. Japan.
North. South.
Britain.
ports. many.
233
386
500
New York
6,291
3,229
693
2 530
Galveston
.21,183
832
8.241
New Orleans._
9,116
4,251
550
Savannah
7.316
Boston
3,277
ioo
Baltimore
4,857
362
Philadelphia
165
San Francisco.
Bombay—
2,666
59,000 1,006,000 1.065,000
814,000
51,000
763,000
19,000
327,000
308,000
53,000
53,000
47,000
12,000
47,000
14,000
_
_
_
7,000
5,000
2,000
2,000
5,000
4,000
2,000
5,000
4,000
_
.
2,666
1,000
2.666
3,000
22,000
36,000
13,000
25,000
38,000
16,04)0
179,000
119,000
164,000
187,000
134,000
172,000
1,666
1,000
28,000
6,000
15,000
28,000
8,000
16,000
8,000
15,000
8 ,000
83.000
83,000
58 ,000
60.000
34,000
31,000
112,000
102,000
30,000
105,000
97,000
28,000
3,000
2,000
3,000
RECEIPTS
ALEXANDRIA
77,000 1,312,000 1,389,000
73,000 1,015,000 1,088,000
545,000
32,000
513,000
OF
SHIPMENTS
AND
arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
COTTON.—Through
-
.
-
.
This week
Since Sept. 1
700
1.700
6,850,490
5,865,381
24,000
6,166,171
1
This
week.
Export (bales) —
Since !
Sept. 1.
2.750 204,437
190,477!
Liverpool
Manchester
Continent
America
7.250 323,906'
1.250 107,089;
Since
This
week.
Since
This
week.
Sept. 1.
Sept. 1.
1,750 203,187
4.500 143,402
6.500 286,740
750
67,147
191,888
3,000 163,737
9,000 306,154
200 67,636
13,500 700,476
11,250 825,909: 12,200 729,415
Total exports
,
the week
bales.
This statement shows that the receipts for
700 cantars and the foreign shipments 11,250
MARKET.—Our
were
received
report
1907.
d. 3.
(1
9
s.
©
9
d.!
10
17
24
©
11% 6 10 ©
11 % G 10% ©
10%
©
© 11 % 6 11
10%
©
11% 6 11
10%
10 15-10® 12% 7 00
31
d.
©
(a)
©
12.%^ 01
©
©
10%
©
©
10
3
1
j
Upl’s
finest.
d.
s.
6% ©9
6% ©9
Corn
Mai
d.
7%
7%
d.
6 07
42,000
Sales, American
38,000
10,000
6% ©9
7%
6
6
0
7
7% @9
7% @9
8
9
9
6 IS
6.25
6.20
6.02
10% G
7% ©9
9
6.01
©9
©
on
a
Total hairs.
NEW YORK—To
Liverpool—Juno 3—Caron la
ft—Victorian, 9,002 upland 581 foreign
81 foreign
June
...
5,0 04
To Hull—June 8—Martello, .800
To
800
London—May 31 — Minnetonka, 327
327
Havre—June 1—La Uretatrne, 30
June 3 — Gran aria, 203.
233
Bremen—June 5—Main, 500.
500
Antwerp—May 31 — Kroonland.IGG
June 1—Mohawk.220
380
Barcelona—June 5—\ntonlo Lopez 300
300
Genoa—May 31—Frlnzers Irene. 2.738
2,738
To
To
To Naples — May 31—I’rluzess
To Flume—June G—Laura, 10
Irene, 181
181
10
GALVESTON—To Liverpool—May 31—-Irada, 17,884.. .June 3 —
Matador. 2.834
20.718
To Glasgow—June 1—Rathlln Head, 405
405
To Bremen—May 31—Svvanley. 2,480
2 480
To Hamhunr—May 31 --Swanley. 50
50
To Reval—June 1—Rathlln Head, 080
G80
To St. Petersimrg —June 1—Rathlln Head, 8
*
8
To Rotterdam—June 4—-Lord Du florin. 5
5
NEW ORLEANS—To Liverpool—June 1—Custodian, 9 110
9,110
To Hamburg—June 3—Senator, 2,143
June7—Aellla. 2,108 4,251
500
900
1,000
11,000
4,000
60,000
1,226,000
1,089,000
76,000
55,000
122,000
89,000
24,000
13,000
1,200
—
bales
3,971
June 7.
30,000
1,000
2.000
25,000
8,000
75,000
1,190,000
1,056,000
51,000
30,000
1,000
«
69,000
1 ,222,000
1,095,000
7.L000
69,000
120,000
5,000
76,000
12
65,000
for spots and futures
daily closing prices of
The tone of the Liverpool market
each day of the past week and the
1
Market)
!
12:15
P. M.
J.
Saturday.
Monday.
Tuesday.
Easier.
Quiet.
Dull.
Mid.Upl’dsJ
Sales
.
.
To Antwerp—June 3 — BHlaura, 832
To Barcelona—May 31—Clara, 4.107
To Trieste—May 31—Clara. 2,424.
To Venice-May 31—Clara, 1,710
Wednesday, Thursday.
Dull.
Friday.
Quiet.
Quieter.
7.30
7.3S
7.42
7.35
7.52
7.44
4,000
6.000
1.500
5,000
500
4.000
400
5.000
500
3.000
300
400
Spec.&exp.j
Futures. ! Steady at
Market
) 4 ©5 pts.
opened
j, advance.
Market
). Steady at
j 2©5 pts.
J advance.
Steady at
Quiet at
4 ©5 pts.
decline.
7 ©9 pts.
advance.
Steady at
5 ©6
i>ts.
decline.
Excited at)
11 ©’10 pta.
advance.
Steady at
1 ©2 pts.
decline.
-
IV lv s'y at Steady at
Feverish at Feverish at
Quiet at
pts. dec. 2% ©4 pts. 6% ©9 pts. 1 1 '<t 16 pts. 3 ©4 pts.
decline.
decrease.
advance
©4 % pt.ad advance.
3
The
below.
prices of futures at Liverpool for each day an' given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
r
Mon. | Tues.
12% |12% ! 4 12% 4
Sat
June 1
12% [
to
June 7.
!
6
6
o
6
June-July
6
()ct.-Nov.
Nov. Dec.
Dec.-Jan.
Jan.- Fob.
Feb.-Moll.
Mch.-Apr.
April-May
....
a.
(l.
85 ' :. t o *> i
74 i 082
j <l.
72
j75
17 9
63 '
;> /
6
6
6
,6
G
6
49
40
44
43
44
45
1°
46
Il2%
4
Thurs.
12%
4
i
Fri
12
%1
4
p.m. p m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
1
d.
Wed.
j
p.m.
p.m.
i|7«
•' •j
1
1
1 2
•>
ioo
58
19 >
2! 47
|9o
78
i
66
d.
d. i d. : d. Or,d.
95 1 - 92 *4 j 89
85'..
'77
73
98 '
83 *4 81
*74
%
70'; 91
,80 % 78
.71
156
61
48%; 54
44
j 50
i42
45
47
68'; 65 %
j 59 14 i 56
03
|53
*40% 45
% 41
,45'.: 44%
|42
46
45
! 47
43
|48
14 7 146
d.
00.
.
87' 85
76
69
59 I55
52
d.
d.
97>4 96
85
83
74
06
%!84
81 %
173
|65
56 ' ■ ' 5 5 %
52
151
148
49
59
57
'.;
50
4
7
46%
85'.;
-17
39 ' ; 36
57'2 50
,46%
58
50'. 47 1-47
.39 '-30
48 '.- 48
59
51
i40 % 37
52 1 - 47
148'.. 43
i40 %
40
|39
44
46
821
76
'
-
44
4"
37
66 i
62
-
!
BREADSTUFFS.
1
previous page, the
exports of cotton from the United State's the past week have
reached 74,112 bales.
The shipments in 'detail, as made up
from mail and telegraphic returns, are as follows:
To
To
74,112
1
7.14 9%
SHIPPING NEWS.—As shown
To
May 31.
31,000
900
Actual export
55,000
Forwarded.
Total stock—Estimated
1,213,000
Of which American—Est._ 1,083,000
32,000
Total Import'of the week
Of which American
20,000
180,000
Amount ailoat
Of which American
136.000
6 08
6
10%
10%
10%
10%
@
©10 Hal 7.40 9%
©
6
-
i
11 %
a.
10% 6
©
6.63 8%
6.75 9
6.96 9%
7.10 9%
to
!
d.
G.39i8%
9 11
10 0
10 0
10 0!
Jane
7
32s Cop.
Twist.
1
10 H
8% lbs. ShlrU
ings, common
[
d.
10
May
3
165
...
May 22.
13,000
May 17.
Sales of the week.. —bales.
Of which speculators took..
Of which exporters took—
July-Aug.
A tig.-Sept
Sept.- Oct.
1906.
8% lbs- Shirt- jCoCn
ings, common \ Mid
to finest.
i Upl’s
11% 0
11,470
by
cable to-night from Manchester states that the market
continues firm for yarns and quiet for shirtings.
Mer¬
chants are not willing to pay present prices
We give
the prices for to-day below and leave those for previous
-weeks of this and last year for comparison.
©
2,461
14,697
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
4
P. M.
A cantar Is 98 lbs.
Apr. d.
26 10%
—
The exports to Japan since Sept. 1 have been 210,681
from Pacific ports, 10,000 bales from Galveston and
bales from New York.
Spot.
Twist.
—
—
233
.45,086
Total
Receipts (cantars a) —
32s Cop.
—
1904-05.
1905-06.
1906-07.
June 5.
MANCHESTER
362
165
-
__
spot cotton have been as follows:
Alexandria, Egypt,
a
...
_
.
Total all—
1906-07
1905-06
1904-05
To
To
To
To
Total.
10,639
24.406
22,440
7,866
3,277
4,957
-
.
1906-07
1905-06
1904-05
Calcutta—
1906-07
1905-06
1904-05
Madras—
1906-07.
1905-06
1904 05..
All others—
1906-07
1905-06
1904-05
100
362
165
_.
The
Since September 1.
For tfic Week.
3,277
4,857
BALTIMORE—To Liverpool—May 31—Rowamnore, 4,857
To Hamburg—June 3—Bethanla, 100
PHILADELPHIA—To Manchester—Manchester Commerce. 362
SAN FRANCISCO—To Japan—May 27—Nippon Maru, 165
Total
Exports from—
200
250
loo
•_
1
...
832
4 107
2,424
1 710
Friday. June -1 1907.
owing mainly to im¬
proved crop reports and the reaction in wheal, prices. Then,
too, the buying, though somewhat larger than recently at
times, has been in the main on a very restricted scab' and of
a hand-to-mouth character, despite the smallness of supplies
held by dealers.
Export trade has remained at a standstill.
At the large milling centres of the Northwest ami the South¬
west there have been liberal withdrawals on old orders, but
new business has continued dull.
Rye flour has been firmer
Prices for wheat flour have declined,
with
a
somewhat better demand.
Corn meal has been
quiet
and'steady.
Wheat declined for a time, principally owing to better
weather, not only at the Southwest but also at the West and
Northwest.
Moreover, the weather has aUo improved in
Russia.
This has led to declines in Europe, especially in the
Continental markets, notably at Buda-Pesth and Berlin.
The'Ohio June report moreover, which had been expected
to be rather bad, gave the condition at 77%, or 3% better
than that for May.
This, although it was 20% lower than
that of last year, was a disappointment to bulls and caused
selling. Some of the reports in regard to the spring-wheat
crop at the American Northwest are much more favorable
,
-
(
1379
THE CHRONICLE
June 8 1907. |
NEW YORK PRODUCE EXCHANGE.—Annual Elec¬
they were recently. Russian offerings of wheat have
annual election of the New York Produce Ex¬
tion.—The
increased in Liverpool. In this country there has been
held
change,
Monday, June 3, resulted as follows: Presi¬
heavy liquidation by large speculators, especially at Chicago.
dent,
William
H. Douglas; Vice-President, William H. Smith;
Latterly there has been new buying for a rise, partly on a
theory that the reaction had gone far enough and also because Treasurer, Edward C. Rice; Managers (2 years), Lyndon
Arnold, James Barber, Charles W. Bowring, Charles F.
some of the Kansas reports have been distinctly unfavorable.
It has been rumored, too, that France will reduce the duty Coffin, Al. R. Brandly, T. Sloan Young; Inspectors of Elec¬
of about 30 cents per bushel on wheat until July 1, owing to tion, Frederic Bernsee, Geo. B. Ferris, James Knox, Robert
the high prices ruling, which, theoretically at least, would B. Miller, G. H. Martin, A. J. Sergeant.
GOVERNMENT WEEKLY WEATHER REPORT.—
increase the chances of export business here with that coun¬
try. Yet prices up to Thursday night showed some net de¬ Mr. James Berry, Chief of the Climate and Crop Division of
cline for the week, owing to a better weather and crop out¬ the United States Weather Bureau, made public on Tuesday
look in both America and Europe and some consequent the telegraphic reports on the weather in the various States
falling off in the speculation. The export business here has for the week ending June 3, summarizing them as follows:
been small.
One Western authority states that the present
The Florida Peninsula, the Paclflc Coast States and the western portions
of the middle and northern Plateau districts experienced a week of favor¬
crop outlook points to a yield of winter and spring wheat able temperatures, the means being generally considerably above the nor¬
amounting to 600,000,000 bushels. This must be compared mal; elsewhere the abnormally cold weather that has been so pronounced
with 735,260,970 bushels last year, 692,979,489 the year a feature over most of the country during the past two months has con¬
tinued throughout the past week, although the deficiency In temperature
before and 552,399,517 three years ago.
It looks as though has been less marked In Minnesota and North Dakota, where the week
there would be quite a material shortage therefore, in spite was the most favorable of the season thus far. The abnormally cold weather
was decidedly unfavorable
the central valleys and the Atlantic
of some improvement in the present outlook.
If these Coast and Gulf districts. throughout
Light to heavy frosts were general In the Lake
indications of a decreased yield are confirmed by later region, Ohio Valley, New England and the Middle Atlantic States, light
frosts occurring as far south as western North Carolina northern Alabama
developments, the opinion is that prices must seek a and Arkansas. Portions of the lower Ohio Valley, southern Louisiana and
a large part of Texas suffered from very heavy rains, which caused destruc¬
higher level.
To-day prices advanced sharply at one tive
freshets.
Light snow and sleet occurred In the lower Lake region on
time, owing for the most part to rumors that the Kansas the 27th. Unusual cloudiness p evaded In nearly all districts east of the
State Board will give the condition for June at only Rocky Mountains; there was, however, somewhat less cloudiness than In
52.3%, which, it is held, would indicate a crop of not the previous week In the northern districts west of the upper Lake region.
The statement of the movement of breadstuffs to market as
over 50,000,000 bushels for that State, against 78,516,000
last year.
Reports were favorable from most parts of the indicated below are prepared by us from figures collected by
West and Northwest.
They were again bad, however, from the New York Produce Exchange. The receipts at Western
Roumania.
The price of bread is said to have been ad¬ lake and river ports for the week ending last Saturday and
vanced in Paris.
The Continental wheat markets were since Aug. 1 for each of the last three years, have been:
again weak to-day, however, and Liverpool prices suffered
Oats.
Wheal.
Com.
Rye.
Barley.
because of increased off-coast offerings.
Later on it was Receipts at— Flour.
denied that Kansas had issued a report and prices declined
bush.
bush.
32
lbs.
lbs.
56
bushASlbs.\bu. 56 lbs.
bbls.Wdlbs. bush. 60 lbs.
151,800
31,000
1,442,779
2,073.578
149.192
Chicago
181,800
on heavy liquidation.
214,800
20,700
31,000
132,800
55.458
Milwaukee..
78,050
than
....
DAILY CLOISNG
PRICE^
OF WHEAT FUTURES IN NEW
103
No. 2 red winter
July delivery in elevator. 105 %
Sept, delivery In elevator 106,1^
Dec. delivery In elevator
101
%
103%
103 %
105 *4
July delivery in elevator. 97 %
Sept, delivery In elevator 99 %
Dec. delivery In elevator..100 %
99 %
loo %
Fri.
104
102%
104%
105%
102
104
104
105%
107
105%
103%
Wed.
95 %
Tues.
95 %
Mon.
97 %
YORK.
Thurs.
%
97%
99%
97%
99%
Fri.
Thurs.
97
99 %
95%
100%
99%
98
X
futures have moved
irregularly, influenced
largely by the fluctuations in wheat.
The weather has been
Indian
more
corn
The arrivals at Chicago, moreover,
favorable of late.
noteworthy increase. The stock of contract
grade there has increased. But selling has been held in
check by unfavorable crop reports from some sections.
Con¬
siderable replanting has had to be done, and not a few re¬
ports go to show tiiat the crop as a whole is making slow
have shown
houses have been buying
quiet, has been firm. A
sharp decrease in the crop movement, is expected by some
in the near future.
To-day prices were irregular, closing
lower on the break in oats and liquidation.
‘
NO. 2 MIXED CORN IN NEW YORK.
DAILY CLOSING PRICES OF
Cash
corn
July delivery—
September delivery
DAILY CLOSING
Mon.
64 %
Sat.
...64t<;
...62 %
...62
PRICES
62
62
CORN
OF
Tues.
64
%
62%
62,%
%
A ton.
53 %
Tues.
54 %
September delivery In elevator.. ...53%
53 %
51 %
54 %
51%
Oats for future
easier in the
---50%
64
62 %
62 %
Fri.
53 %
Wed. Thurs.
54
54 X
54
53%
51 %
51 %
53%
51%
delivery in the Western market have been
main, owing to improved weather and crop
At times rallies luive occurred, due partly to un¬
reports from some sections and partly to buy¬
ing by commission houses and shorts. But there has been
more disposition to sell than to buy.
The crop situation is
considered better and the cash trade has been dull.
To-day
prices declined sharply. The liquidation at Chicago by prom¬
inent interests was heavy.
Pit traders hammered.
reports.
favorable crop
DAILY
PRICES OF OATS IN NEW YORK.
Mon.
Tacs.
Wed.
Thurs.
Fri.
49%
50%
50Mi '
50 %
50
50
CLOSING
Sat.
Mixed. 2ft to 32 lbs...
White clipped. 30 to
38 Ills.
.5234-55
DAILY
51*4-54 51*4-54
52*4-55 52-54*4
5234-55
CLOSING PRICES OF NO. 2 MIXED OATS IN
Sat.
49
39
July delivery In elevator
September delivery In elevator
December delivery in elevator
The following are
Aron.
Tues.
49*4
39 34
49 *4
38 %
CHICAGO
Fri.
Wed. Thurs.
49
4734
%
58 3-4
44*4
37*4
39*4
3934
3834
38
closing quotations:
FLOUR.
Low grades
Second clears
Clears
Straights
Patent, sprint:
Patent, winter
$3 35 @ $3
2 90 @ 3
3 75® 4
4 90® 5
00
00
Kansas straights
Kansas clears.
mended patents
10 Rye flour
5 15(S» 5 95 Buckwheat flour.
5 00(g) 5 25 Graham flour
50
Cornmeal
Kansas''patents
$4 65@$4 85
3 00 @ 4 00
5 60® 5 90
4 75® 5 00
Nominal.
per bush.—
c.
N. Duluth. No. 1
111
N. Duluth. No. 2
f.o.b.110
Red winter, No. 2
f.o.b.102
Hard
“
**
f.o.b.106%
Oats—per bushel—
No. 2 white..
51 @52
No. 2 mixed
50
No. 2 white, clipped. .5134 @54
Peoria
Corn, per bush.—
No. 2 mixed
No. 2 yellow, new
No. 2 white, new
Rye, per bush.—
No. 2 Western
State and Jersey
Barley—Western
Feeding
City.
366,131
421,747
251.672
Tot.wk.’07
Same wk. ’00
Same wk. '05
c.
f.o.b.63
f.o.b.63H
84
Nominal.
Nominal.
Nominal.
52,351
1,232
110,010
12,680
300
49,200
23.400
133.070
320,725
,166,500
__
1,300
5.000
1,099
1,000
535.261
387.483
437,986
68.011
41.922
49,030
62,100
2,537.797
3,548.191
3.259,100
1
Total receipts of
flour and grain at the seaboard ports for
1907 follow:
the week ended June 1
%
258.389
263,000
114.041
36,418
70,706
97.825
37.108
Oats,
bush.
521.500
88,647
97,012
119.770
81,126
171,342
51,480
154.760
16,800
87,000
S5.000
2,000
75,500
61,202
3,187
1,524,753
231.959
205,827
2.000
360.718
328.133
3.200.367
751.860
1.742.646
635,415
1,271.056
1,021,665
Flour,
Wheat,
bbls.
bush.
829,200
Receipts at—
New York..
Boston
..
120.194
31,356
..
Portland
62.440
61.314
4.550
Philadelphia
Baltimore...
Richmond
2,960
12,520
Newport News
New Orleans.a...
Galveston
Norfolk
Montreal
Mobile
Total week
Week 1906
a
on
bush.
Receipts do not Include grain passing
through bills of lading.
Total
as
Com,
Rye,
Barley,
bush.
bush.
40,600
fr*.300
—
16", 697
929
_
58,746
99,997
21,467
99,346
120,813
through New Orleans for foreign ports
receipts at ports from Jan. 1 to June
1 compare
follows for four years:
7,614,996
4,319,556
8,316.005
6.95L994
bush 35,912,660
52.472,435
23.246,468
33,543.534
9,200,689
18,421,837
62,898,344
36.425.926
55.679.713
18.677,259
27,814,359
17.909.285
880,888
6,898.314
779,593
3,507.093
187,766
1,694.390
503,142
114.93S.262
140,545,711
87.158.520
66,343.022
bbls.
Wheat
Corn
Oats...
1904.
1905.
1906.
1907.-
Receipts o}—
Flour
2,425.811
Barley
Rye..
Total grain
exports from the several seaboard ports for the week
ending June 1 1907 are shown in the annexed statement:
The
Wheat,
Corn,
Flour,
bbls.
Oats,
Rye,
bush.
bush.
bush.
bush.
315,723
36,610
Portland
711.004
263.000
502.365
55.333
22,064
Philadelphia
191.700
58.162
40,250
Baltimore
New Orleans
300
172.477
15.162
37,102
5,528
SO
566
295.644
29.337
318.931
35.008
4.300
18.984
3.1S7
Exports from—
New York.
Boston
24.665 117.140
Peas, Barley>
bush.
927
8.280
bush-
-
45
Norfolk...'
Newport News
Montreal.
Galveston
Mobile
......
.1,543,740
40,000
Total week
3.252.109
Same time 1906..1,568,194
July 1 1901) is
as
2,000
9.222
S3.4S6
11,961
for the week and since
below:
Since
United Kingdom. 127.464
21.394
Continent
7.555
So. * Cent. Amor..
West Indies
19.385
0,107
Brit. No. Am. Cols.
62
Other countries
_
-Com
Wheat-
Flour
TFreA’.
Total
Total 1905-06
8.398
346.287 125.538
275.555 17.200
966,493 182.267
429.057 247,256
The destination of these exports
Exports for weeMand June 1.
bbls.
since July 1 to—
f.o.b.64
60.423
140.800
Since Aug. 1
1906-07... 17,861.554 214,622.630 177,230.308 177,741,606 63,630,601 7.102,097
1905-06... 17,419,624 206.207,192 160,591,471 196,918,146 71.445.586 7,304,568
1904-05.-- 14,609,199;189,752.034 160,727,270.141,788,319 61.591,053 6.349,856
Nominal.
3 20®
GR AIN.
Wheat,
4.432.S16
5,508,354
4.788.575
2,600
1.004
44,835
14 700
Cleveland...
St.- Louis
FUTURES IN CHICAGO.
Sat.
December delivery In elevator
Fri.
Wed. Thurs.
64 %
64 %
62 %
62 %
62 %
62 %
2,729.154
1.801,825
2,265,297
1,555,190
Toledo
Detroit
a
progress.
Some large commission
of late.
The cash market, though
24,000
9.600
7,151
65.639
16,400
323.000
531
72,540
281,000
62,400
93,302
S09.105
504,300
505,000
490.916
75,750
Minneapolis.
Kansas
FUTURES IN CHICAGO.
DAILY CLOSING PRICES OF WHEAT
Sat.
Wed.
101 %
Tues.
Mon.
102
104
104 %
106
Sat.
Duluth
Since
Week.
July 1.
July 1.
1906.
1906. June 1.
bush.
bush.
bbls.
5.640.679 2,054.762 44.306,743
2.404.070 1.184,297 40,559.359
12.750
410,974
767,754
300
18.265
1.379.976
8.000
83,657
397,298
179.321
182.267 10.455.457 3.252,109 85,700.639
52.990.551
10,093,408 1,568.194
247,256
Since
Week.
July 1
1906.
June 1.
bush.
bush.
30,658.588
456.885
422.539 36,413.690
34.750
51,983
336
836.591
2.169,195
82.168
166,683
966.493 70,326,915
429,057 108389,465
granary at the
seaboard ports
principal points of accumulation at lake and
June 1 1907 was as follows:
Barley,
Rye,
Oats,
1,633,000
Corn,
bush.
521,000
202,000
298,000
053,000
180,000
813,000
201,000
27,000
63,000
Wheat,
bush.
New York..
afloat.
.
.
71,000
Baltimore
204,000
.
31.000
600,000
CJalveston
Montreal
.
•*
“
177,000
1,000
379,000
25.000
8,000
9.343.666
716.000
1,925,000
322,000
147,000
308,000
74,000
155.000
2,000
52,000
329,666
afloat
Chicago
.
,
afloat,
"
Milwaukee
*•
45,000
302,000
I
Detroit
1,000
600,000
Toledo
afloat
91,000
300,000
afloat
“
1.000
2,380,000
11,000
Buffalo
27,000
155,000
143,000
4,000
2,368,000
534,000
.
Toronto
.
afloat
3,638,000
3,745,000
6,765,000
Fort, William
Port Arthur
Duluth
.
••
“
1,000
758,000
6,000
248,000
35,000
118,000
20,000
1 470,000
24,000
63.000
153,000
2,000
2,898,666
467,000
219,000
116.000
154,000
S5.000
571,000
153,000
154,000
833,000
9,000
62,000
26,000
5,595,000
5,238,000
3,370.000
10,005,000
11,040.000
8,970,000
572,000
705.000
1,594,000
4,558,000
4,157,000
7,744.000
5,003,000
4,212,000
922.000
842.000
801,000
.12,061,000
1,716,000
.
.
afloat
Kansas
City
Peoria
Indianapolis
On Mississippi
On Lakes
River..
On Canal and
River..
i,07s’,666
.
539.000
.
r Total June I 1007 . .49,729,000
^Total May 23 1907. .50,797,000
BfTotal June 2 1900. .30,811,000
Total June 3 1903. .20.033,000
.20,003,000
0 1903. .22,711,000
4 1904
Total June
Total June
expectations of buyers operating
the development has afforded ma¬
terial encouragement in quarters which so far have not par¬
ticipated fully in the demand coming forward. The price
situation, as previously indicated, has not been materially
•affected by this week’s operations, and it has still to be de¬
termined what shape the market will take when the higher
'
so
11,000
grades of men’s wear goods are finally placed upon it.
There has been a fair amount of interest shown in manipu¬
lated fabrics for spring, but it is noticeable that the majority
of orders come from cloth jobbers and nat from manufactur¬
50,000
139.000
70,000
4,921,000
928,000
1,057,000
904,000
1.227.000
devoted very largely to clay worsteds, serges and
unfinished worsteds.
Re-orders on heavy weights for quick
delivery have been quite moderate in extent, and in these
all-wool fabrics have been most prominent.
Business in
overcoatings shows a slight improvement, but has again,
beep of different dimensions in the aggregate.
For woolen
and worsted dress goods the orders coming forward show
has been
June 7 1907.
publication of the “Chronicle's” acreage report and
York, Frida}! Nvjht,
New
IT*The
although it is
buyers taking more interest in the situation,
still evident that the volume of trade is affected by weather
conditions; reports coming to hand indicate that retailers
are still carrying huger stocks than desirable of spring, and
of the Government De-
and condition reports
the acreage
Eartment
and theand‘‘Journal
of fluctuations
Commerce,”inthethevarious
views
ased thereon,
the wide
speculative
their opera¬
amount of
business has been reported in foreign woolen and worsted
dress goods without marked development in any direction.
Piece silks and ribbons have ruled generally quiet.
The
linen market shows undiminished strength in face of a mod¬
erate current business.
Burlaps are steady and incoming
supplies are easily taken care of.
have been but little reflected
In the latter the situation is
division of the cotton market
in the market for cotton goods.
the spring business
LTp to the present time
ing clothiers.
1,714.000
674.000
GOODS TRADE.
THE DRY
hardly justified
freely this week, and
cations
"
afloat
Minneapolis
St. Louis
dress goods,
summer
and this naturally affects
forward business.
FOREIGN DRY GOODS.;—About an average
tions for
practically unchanged from a week ago. At the close of
buyers of brown and gray goods were bidding
more
freely for forward contracts, while manufacturers
were showing greater conservatism in committing themselves.
This week it has again been the manufacturer, or his agent,
who has determined the volume of business to be accom¬
plished. Yet the demand has not been actually extensive;
it is the condition of the primary market, bare of ready
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
supplies and most mills well sold ahead, which makes it
look so.
In most descriptions the tendency of prices is still at this port for the week ending June 1 1907 and since
upwards, but in some of the lighter finished fabrics hesitation Jan. 1 19e7, and for the corresponding periods of last year,
may be noticed.
For this the weather up to date and its are as follows:
s:
effect upon retail trade arc directly responsible.
It is notice
V/3 O ** »
^ tzi O jS §
2 *7} r£ o ^5 2
able that the jobbing trade in such lines has of late been
2L
Z
"
^
^
^
E=
£ ® s?
~ C.
quite indifferent, and in some quarters complaints are heard
SS
of retailers canceling orders on which deliveries have not
=!
C
yet been made. Warm weather in the immediate future
•
might do much to correct this tendency, and developments
last week
6*
—
—
°
—
—
A
C
e
There has been considerable
development of busmess in the new lines of woolen and
worsted goods shown for men's wear for next spring, with¬
out, however, changing price indications, as noted last week.
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending June 1 were 1,017
packages, valued at $69,047, their destination being to the
.
points specified in the table below: 1907
s 1906
i
i
i
*
C
with interest.
awaited
are
’1
Oca
X
C.
,
ci
i
i
1
>
i
i
1
j
!
1
1
*
I
c
,
GG
I
i
*
i
i
i
i
c
3
.
X.
i
i
-s
»
-3)1^^-
I
oc
i
3
.
06 W
!
d
i
-I
Cl Ol
-
X
o
r
-
i: U
-* - I-
-
X
3
O
%
c
I
I
O
= *
'
i x
i
—
I
,
-rf
r.
-
i
I
ID CJ
■£* X
oi
As
O GG O
—
li OS C C M
3 oi y cc
c y a. c y
’J1
Sg 3(£
•
a
*
”
—
—
Since
New York to June
Great Britain
Other Kuropean
Chinn
India
A raid a..
Africa
West 1 ndies
Mexico.
Central America
Soilt h Amei lea
Other countries
8
•>
i
........
.
685
3.597
6
54
9.821
80
1
4 24
47
l\ ° °
*
.......
......
.
.
_
370
357
19.598
14.303
Xc\V
Tho Valur nf 1 lies-
6.992
7.200
132.815
,914
1
Jan. 1 has been
against $7,.r>'_M,0M9 in 1900.
Tin- quotation for regular til square print cloths is nomi¬
hie. to l 7\c., but it is said that buyers would pay
nally 1 I
f>c. for immediate delivery.
Iher«* are, however, so few of
ties
now being made that
the quotations figure little as
a
matket indieat ion.
It is imue tn the point to note that
Ifs-ineh ol by «•(» print cloths.-re In it.bid for at ITiC.witJi
ii" s II. tth« oaf, and that oSG-meh til squares are dilfieu11 to I> |\ at 4e. to, prompt and n< ar deliveiy, the whole
ton*
of
11 j«
gray go* d* matket Icing » \e* edingly strong
It.- i
in I* * * ,* it *» f i * * 11 ng •» am I drill' 111 a I most « n t in I y
So,717,409 in 1907,
^
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—
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03 V5
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5.
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v,
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upuatib
a t, iii -
f»
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pay
volutin
In
;i
to o y y
cs
XT f
14 14
Cl;
-
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c: os
I
Vl
—
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iii
1
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-*•
11<* 111 •
11
1
4-
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Vi
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23.614
4 42
since
York expe>rt-s
925
538
89.866
.1.017
.
.
145
.085
6.627
4.333
9.812
Vi Cl x
*
57,331
3,758
17.512
4 540
1 8.753
......
Total
653
10.043
...
.
Jim. 1.
Week.
119
16
Jan. 1.
965
53 4
Week.
1—
43
■
Since
CS *1 -1 —1
O ^ M M
tC
tJ 3
^
'
u
77,000
198.000
305,000
hands of retailers up to
finest descriptions of
woven patterned goods are quieter, but the'regular run of
ginghams show a good movement, mainly on orders pre¬
viously placed. The linings market in all grades continues
against buyers.
WOOLEN GOODS.—The week has been marked by a
considerable expansion in the demand coming forward for
men’s wear woolens and worsteds in light-weights for next
spring. The volume of business done is reflected in the fact
that several lines of staple, standard makes have been with¬
drawn from sale, for the time being at least.
Earlier indi¬
reflect the poor distribution from the
date.
In like manner, some of the
“
■Rrmt.on
fabrics are, with hardly
exception, in a strong position, any unsold supplies
coming upon the market being readily absorbed.
Printed
calicoes and the heavier printed fabrics are in steady request
and decidedly firm, but thin sheer goods are beginning to
an
bush.
18,000
bush.
bush.
1,820,000
done “at value” only.
during the week has been
Coarse, colored cottons and napped
noted
comprising the stocks in
of grain,
visible supply
The
[VOL. LXXXIV.
THE CHRONICLE
1380
3*
s. <V1
gT
!
6
-
_
5 »
C
»
111328695...-CCClluoeaytvtysaohlanongda,
11103369925760...DDEFdanefwlnccialvsoweknotirylau,eres,.,
1381
111233929256030676..-.EGGFsaraoeeirfllnedwmtxcn,ihsbvyu,o.g
Hampd
THE CHRONICLE.
1907.J
June 8
STATE AflP OlTY IteWnvTEflT.
1122698369837475.-.HJLeoau0nnlbidedcshtiarkgso’r,
132-orin
Ohio.
Ohio
1135. .Columbia Twp.,
2pue Chronicle.
PUBLISHED WEEKLY.
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Dist.. Mont
44
County, Ohio
5
Seh. D. No.118, Ill. 4
1135._Darley Sch Dist., Pa
4
5
Minn. (2 Is.)
1262__Dayton, Ohio (11 Is.)
5&6
Ind
4
County, Ohio
44
1067.. Delaware
4
Ohio (2 Is.)
5
N. Y...
4
1320.. Eagle River. Wis
5
Miss
6
City, Pa. (2 Is.)
44
Sch. Dist., Cal
6
5
Ala. (2 Is.)
1263. Erie County. N. Y
4
44
County, Mass
County, X. J. (2 Is.)
River, Mass
4
Sch. Dist., Mich...
Mich
4
Mich..
44
1263.-Florence Sch. Dist., So. Caro. 5
Collins. Colo
5
Ohio
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Gulch Sch. Dist., Cal. 7
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5
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RtundiTiD- RnsiTiPSN
Standing
Business Cards
Lards .> Three
y]x ^lontlis
CHICAGO
LONDON
87 0u
( Twelve Months (52 times)
OFF ICE- Pliny Bartlett, 513 Monadnock Block.
OFFICE—-Edwards tfc Smith, 1 Drapers’ Gardens, E. C.
WILLIAM!
«. DANA
l*in© Street, Corner ot
NEW YORK,
MUNICIPAL BOND SALES IN
MAY.
aggregate of municipal bonds placed during the
month of May was $15,724,381, which is about equal to the
average for that month in recent years.
These figures do not
include $304,200
Canadian loans and $8,485,111 tem¬
The
loans. New York City made no ■ public offering
during the month:
The more important of the large disposals were $1,000,000
by Chattanooga, Tenn., $1,000,000 by the City of Chicago,
$1,000,000 b\- Cleveland, Ohio; $910,000 by Pittsburgh, Pa.;
$552,500 by Buffalo, N. Y.; $548,000 by New York City
(sinking fund takings), and $500,000 by Chicago, Ill.—Lin¬
porary
coln Park District.
The number of municipalities emitting bonds and the
ber of separate issues made during May 1907 were
287 respectively.
This contrasts with 218
1907 and with 210 and 312 for May 1906.
For comparative purposes we add the
num¬
207 and
and 353 for April
following table
for May and the five months for a
showing the aggregates
series of years:
Month of
May.
Five Months.
14,895,937
16.569,066
55,110,016
14,846,227
20,956,404
14.562,340
9.623,264
Five Months.
$33,906,634
$7,897,642
7,036,926
8,258,027
10,712,538
11,587.766
14,349,410
4,093,969
7,856,860
1899
$94,190,782
80,651,623
92,706,300
113,44 3,246
62,649,815
59,211.223
47,754,962
58,273,539
$15,724,381
1907.
1906.
1905.
1904.
1903.
1902.
1901.
1900.
For the
Month of
May.
For the
1898
1897
1896
1895
1894
1893
1892
34,373,622
56,890,312
30,384,656
41,084,172
50,067,615
30.774,180
36,844,291
give a list of May loans to the
$15,724,381 issued by 207 municipalities. In the
case of each loan reference is made to the page in the “Chron¬
icle” where an account of the sale is given.
In the following table we
amount of
MAY
’
Xamc.
Page.
County, Ind
County, N. Y
1382. .Allegheny, Pa
1318. .Alliance Sell. Dist.,
1261. .Athens. Ohio
Neb
BOND
Rate.
4 .4
4
4
al025
1937
$4,280
99.000
f 250,000
20,000
103.36
4.000
100
6,500
100
10.000
103.709
19,556
1 .000
2,500
100
10,000
35,000 7/103.714
9,000 1 4 H "5
.
_
1383.. Boston, Mass
4
1383. Boston, Mass
4
126-1. Brady Twp., Ohio
...
44
1134.. Brodh'-nd Seh. Dist., U'ls. .. 4
1318
Bronx ville, X. Y
....
4 4
1261
Browerville, Minn.
6
1319. Buffalo, N V.
4
1319
ButTalo. X. V
4
1261 .(’adl7, Ohio.
4 4
1319 .Caldwell. (Milo
5
1261 .Cairo, ill
.5
126 i
Cat sou Ind. Seh. Dist
Iowa 5
1066
5
Carteret County. Xo. Cam
1319 .(’a* I ton' Co S I) X<*.2, Minn. 4
(
1135
eii11 alia
Mo <2 Is.'
4 1 ,
1066 .Chagrin Falls Ohio < t is t
l‘.
1319
(’bai b>t te. X
5
1319
Cba hit te, N
N
1 hr.
(.’haltunmiga. D im <6 D t
< ’In Ian
1383
('*»
Seh
DIM
Xo
46 Wash
1319
(‘hi M« i
I’n
* libnifo
I 11*5
III
( 'h|, TiMi
Lllu
| ||
I I'M oil! I'ai k
.
1908-1917
1908-1917
dl912-1947
1908 1917
1922
dl917-1937
.
.
.
1 'oasis
14.0001.r 100
1947
14,400/
1937
1908 1927
1909 1920
30,000
30.000
2.030
8.000
1 00
1 0.5.687
1957
1 90S 1912
500,000
100.275
52,500 xl
.
.
.
..
.
1311*
Ul n
(
«
111*.
>
Ills
(
I Mm 'b t
liu lna.itI
i *M<i
tin tnnatl
* M lo
k I nil It ( t
lift
It U*' lt|<
11 mi
103.27
1917""
.
_
100.07
xlOO
\ 150,000
4
,
Price.
100.186
Amount.
1927
1907-1916
5
5
.Seh. Dist. No.61. Kan 4
1134
Auburn, N. Y
4
1261.. Barberton Ohio (2 is.».
5
Ohio
4
Cltv Seh. Dist.. Tex. .. 5
1195.. Belleville Seh. Dist ., Kan . 5
1318. Ih midji Ind. Seh.DIs.,Minn. 5
Ind. Seh. Dist., Tex. . 5
SALES.
Maturity.
"l
90s
i/191 2 1917
1917
1912 1924
</19l 2 1927
1907 11*17
1 90s i:*|7
1 90s 1923
I 93 7
1/1922
</19l7
1927
1937
Into
lull
1 92 7
I 92 7
11*17
1 1IIIJ
lull
IDI ’
1*27
00
102.88
1 0,000
1 1 ,00(1
1917
7.200
9,OttO
25.000
20.Him
103.5 22
,
t
1
1 0.000
;.*n mm
immi.mm
11111
DU
.*,(io mm
r *
3 ■ mm
11111 111 7
7
7
.
,
linn
mm
1 mi * * 1 i
Dm t.t
V 100.285
2,774
110.000
35,000
28,000
101.081
100
104.553
11.050 .TlOO
100.492
6,500
20,000 1/101.532
102.573
250.000
104.28
4,000
t
100
8.451
24 .000
100.55
20,000
100
20,000
114
6,000
100
90,000
100.26
210,000
101.81
50,000
1909-1912
1932
1908-1917
1908-1912
1908-1919
dl917-1927
dl917-1927
1912-1923
1937
1920-1934
1908-1917
100,000 X100
101.31
15,000
8,000
1937
50,0001 ,1/101
8
4 4
5
dl917-1922
100
Free Sch.
Ind. Sell-Dist., Tex..
1068.-Hempstead Un. Free Seh.
Dist. No. 24 X. Y. (2 is.).
Minn
1384.-Henderson Twp., Minn
Sch. Dist., Minn..
1197.. Horington. Kan
1321 ..HlUyard S.D. No.122,Wash.
Falls, N. Y.
1384.. Houston, Miss
Co. Sch. Dist. No.
20, Minn
1384.- Huntington. X. Y
Sch. Dist., Cal
•1136..Jackson. Tenn. (3 is.)
1384. .Jamestown
Xo. Dak
1321 ..Jasper County, Miss
Ill
5
50,000j
1912-1926
1937
1908-1947
1920-1922
1909-1912
33,000
1 0,000
2,500
15,000
43,000
1927
,
5
4
4 4
4
6
5
4
5
54
5
4
5
5
_
5
44
5
...
1916
1927
1908-1927
dl912 1927
1917
dl 917-1927
dl912 1927
1908-1932
dl917 1927
1927
1908 1922
dl917 -1927
-
.
-
dl9 17-1927
1917&1922
1925
12,000
20,000
1 909-19 18
19 32
1908-1927
1910
10,000
5,000
25,000
225,000
59,550
20,000
32,000
551,000
2,000
13,0 00
1937
dl912-1927
1908 1920
1937
dl912-1927
400,00 0
15,000
.Oyster Bay, X. Y.
Palmer, Mass
1265.-Paulding, Ohio
1199
Paulding County, Miss.
Pike County. Ind
1265
1322
1138
..
.
l.'iKfl
1265
1 I3m
I I 3s
I j 3K
I 13s
1322
I ItiU
1.1 a 7
1199
1323
I 1wu
17rt5
I 1119
Mi**
l J7 *
Plttsbuigh, Pa. I? Is.)
Pb asmitmi. Kan
Plymouth Twp .Ohio
Pontiac. Mich
I’olU (’millI \
Iowa
011JII c\
Quliirs
....
.
.
.
.
.
.
.
.
.
;.
.
4 4
5
4 4
4
5
4 4
4
4 4
5
5
.
,
Mass
.
Mass
.
Qtiiitr)
Mass
Randolph, Mass
|{cno Sell Hist Xo Dl, \« v
Mlplc)
Trim
l(o*inc Count * ’I enu
Rock \ Itl.lg.
( »h|o
H'i»l>«\ Ivanln Yh DIM
<»
11 v . I n I » N D No I N 1
.
st
vt
si
400,000
15,000
10,000
1927
dl912-1927
.
,
It* 1 itaid «»6to
t»« ' i»at*t
* ttiin
14* * •
Mltm .
4
1
I
44
5
f>
5
5
4
I 1"
l
4
fc
100
100
100.
100
103.238
100
100
103.279
95
100
100
101.01
—
Too
100
100
100
100
30.000
100
103
100
100.245101.75
100.2 5
102.28
1 00
100.076
100.659
101.716
1 00.10
11 0.60
1 05.30
100
10,000 4 % basis
103.10
5 0,000
10 1.173
15.000
101.776
5,970
dl927-1947
dl912-1947
dl917-1927
1908-191 2
dl917-1927
40.000
20,000
15,000
40.0001
502.000 1
6 ,000 J
24,000
1927
1908-1914
1956
195 6
1956
d1927 1937
70 000
100.062
100.911
107.811
x
100.
1 01.42
1 0 0
3,5 00 1/100
6.000
1 .000
2,000
1 .000
d1917 1927
5
\
103.10
100
10 0
1 00
17,500
f 5 1 'j
Wash
1322 .-Orting,
™
15,000
-
-
_
104.50
101.23
1 02 82
12,500
10 2.255
2 >,000
6.500 •4 % basis
100.289
8,500
19,750 1/100.126
100.066
15,00 0
dl912 1927
1911-1927
dl912-1927
1908-1922
1907-1946
-
-
15.000
13,000
dl 912-1927
5
4
4
-
100
8,000
12,500
2,200
125,000
20,000
35,0 00
51,000
55, 000
50,000
30,000
25.000
5,000
5.000
160,000
1 2,000
1914 1921
1912 1921
24, Idaho
5
4
1264--Madisonville, Ohio
5
Miss
1137 ..Malone, N. Y
4
1321 -r-Mansfield, Ohio (20 is.)---_4&5
1197.-Marcus Ind Sch. DIs., Iowa. 5
4
N. Y.
Tenn
4 4
1198--Mesquite Ind. Sch. D., Tex. 4 4
1322--Mlainlsburg, Ohio
4
1137--Minneapolis, Minn. (2 ls.)_. 4
5
Mo
1265- Monona- Harrison
Drainage
No.
Dist.
6
1, Iowa
5
Cal
Cal
1386--Monrovia,
4.20
34
1265-- Montpelier, Vt
1108--Munday Ind. Sch. Dls., Tex. 5
1322- Nacogdoches. Tex
5
1322--X’ampa ind. S.D.No.37,Ida. 5
1265--Napoleon, Ohio (2 Is.)
5
1198--Natrona Countv, Wyo
44
1198--New Bedford, Mass
4
1137
New Haven Twp, Ohio
6
1386
New York Cl ty
3
1 ;’86
3
Xew York City
1386-.New York City.
4
1138.. Norfolk Seh. Dist., Neb
4 4
1265. -Northticld, Vt
...
34
1322 .Oak Harbor, Ohio
5
1265--Orongo Sell. Dist., Mo
6
-
-
25 ,000
75,000
6,000
6
4
4.40
5
4 4
4
5
4 4
105.666
104.286
100.038
100
103.125
100
12,000
5,000 4 % basis
1917
1908-1910
5
5
4.30
15.000
1 10.60
103.364
5,000
1927
5
102.002
100
102.384
4 0,000
dl917-1947
5
6
35,000
47,080
1 .845
2,500
25.000
4.800
80,000
26,000
25,000
30,000
36.757
40,000
4 4
.
Sch. Dist., Ark._
1321 --Joplin Seh. Dist., Mo
Sch. Dist., Utah
City Sch Dist., O.
1321-_Kanawha, Iowa..
1321-. Kelliher, Minn
1264--La Grande, Ore
1385. Lakeville Sch. Dist., Minn..
1137-.Lakewood Twp. S. D.. N. J.
S. D. No. 60, Wash..
1264-.Lathrop Sch. Dist., Mo
1321--Lee’s Summit Sch. DIs., Mo.
1197.-Leonard, Tex
1321 --Lestershire, N. Y
1137--Lewiston S. D. No. 13, Utah
1321- -Lima, N. Y
1385--Lincoln, Cal1137.-Lincoln County Sch. Dist.
No. 105, Wash
1321--Little Falls Sch, Dist., Minn,
Sch. Dist., Ohio
Sch. Dist. No.
1265
17
35,000
-
1937
1927
1908
1914
5
Sch. D.,No.Caro. 5
Ohio (5 Is.)
4
Tex
44
1320.. Hagerstown, Md
4
1**1 792
1 mt 377
1 00
300,000
7,000
10,000
1907-1916
1909 1921
Dist. No. 10. N. Y
1265
mm mm
1
Colo
Un.
101.188
102 52
I 00
III ll>
S
101.435
101.212
103.371
100
1914-1923
1921-1933
1927
dl917-1922
1908-1917
1908-1917
1927
1927
1917 1908-1938
.
c
55 mm
2.if- «"
1 it,mm
Sch. Dist.. Nov...
1263.. Greece Un. Free S. D., N. Y.
100
12,000
1,300,000
..
1384..
1136.. Hasse
Peurl Street,
Post Office Box 958.
dl 917-1927
County, Mass
44
Hastings S. D. No.100,Minn. 4
COMPANY, Publisher*,
7,000
dl917-1927
1912-1917
1907-1911
1925
1907-1917
dl911-1921
3
5
4
5
County, Minn
Price.
101.535
Amount.
Maturity.
Name.
Rate.
Co. S. D. No.10,Ore. 5
Page.
15.000
30,000
13.000
35,000
2 3.864
916,000
5 ,500
1 5,11110
1908 1922
1908 1917
19 27
dl912 1927
1908 1945
d1908 1917
nm.H
1 n lino
1917
106.033
100
100
100
102.015
100.606
100.744
1 on.27
1 tin
105.41
103.11
1I7.000
11117
111 17
1910
Dion 103 7
l»i»H 11» .5 7
./I lit 7 It* 2 7
1/1 0 1 2 192 7
li*'is I n 1 2
19'ts n*27
1917 1912
1937
19 IH
1 90H
DIMM
IW"*»
1 W<>9
1917
1 9 !
,
1 1 .111111
pi imn
100.079
r, mm
35.oim
1 on 01m
1 n mm
DM .007
...
ft
5mi
1 <12
Dm
I ml
D*n
|mi
DM
1
(*«**
DM 603
Mm
Dm 3*4
flu mm
2 50"
1 2 mm
24 IliHI
r,
13.1
ft«4
.107
ftli2
visible supply
The
at the
granary
seaboard ports
of grain, comprising the
principal points of accumulation at
June 1 1907 was as follows:
New York
.
bush.
bush.
bush.
521,000
1,820,000
71,000
18,000
262,666
298,000
186,000
77,000
198,000
305,000
155,000
27,000
653,000
264,000
31,000
600,000
534,000
11,000
813,000
201,000
27,000
63,000
2,380,000
300,000
I
606,666
I
329,666
Philadelphia
.
New Orleans
Halves ton
.
Toronto
Buffalo
.
afloat
••
Toledo
“
afloat
Detroit
•*
afloat
afloat
Milwaukee
143’, 666
1,000
91,000
2,368,000
1,000
45,000
302,000
177,000
1,000
379,000
25,000
8,000
147,000
9,343,666
716,000
1,925,000
322,000
308",666
74,000
155,000
2,000
52,000
6,765,000
1,000
758,000
6,000
248,000
.12,061,000
1,716,000
35,000
63,000
1 470,000
153,000
24,000
118,000
20,000
2,898,666
467,000
85,000
571,000
I
...
afloat
“
3,638,000
Fort William
3,745,000
Port Arthur
Duluth...
afloat
.
.
.
"
Minneapolis
:
St. Louis
“
.
afloat
TCansas
City
219.000
116,000
154.000
153,000
I l.oYs",666
833,000
9,000
Peoria
Indianapolis
On Mississippi River..
On Lakes
..
On Canal and River..
539,000
.
f* Total June 1 1907. .49,729,000
Total May 25 1907. .50,797,000
BTotal June 2 1900. .30,811,000
u
.20,033,000
4 1904. .20,603,000
6 1903. .22,711,000
Total June 3 1905.
Total June
Total June
2,000
11,000
154,000
70,000
50,000
62,000
26,000
139,000
5,595.000
5,238,000
3,370,000
10,605.000
11,040,000
572.000
8,976,000
1,594,000
4,558,000
4,157,000
4,921,000
7,744,000
922,000
5,003,000
842,000
801,000
928,000
1,057.000
904,000
1.227.000
1,714,000
674,000
705,000
4,212,000
TRADE.
THE DRY GOODS
June 7 1907.
The publication of the “ChronicleV’ acreage report and
the acreage and condition reports of the Government DcNew
done “at value” only.
and napped fabrics are, with hardly
the week has been
noted during
Coarse, colored cottons
exception, in a strong position, any unsold supplies
coming upon the market being readily absorbed. Printed
calicoes and the heavier printed fabrics are in steady request
and decidedly firm, but thin sheer goods are beginning to
an
the hands of retailers up to
the finest descriptions of
woven patterned goods are quieter, but the regular run of
ginghams show a good movement, mainly on orders pre¬
viously placed. • The linings market in all grades continues
against buyers.
WOOLEN GOODS.—The week has been marked by a
considerable expansion in the demand coming forward for
men’s wear woolens and worsteds in light-weights for next
spring. The volume of business done is reflected in the fact
that several lines of staple, standard makes have been with¬
drawn from sale, for the time being at least. - Earlier indi¬
cations hardly justified expectations of buyers operating
so freely this week,, and the development has afforded ma¬
terial encouragement in quarters which so far have not par¬
ticipated full}7 in the demand coming forward. The price
situation, as previously indicated, has not been materially
affected by this week’s operations, and it has still to be de¬
termined what shape the market will take when the higher
grades of men’s wear goods are finally placed upon it.
There has been a fair amount of interest shown in manipu¬
lated fabrics for spring, but it is noticeable that the majority
of orders come from cloth jobbers and not from manufactur¬
ing clothiers.
Up to the present time the spring business
has been devoted very largely to clay worsteds, serges and
unfinished worsteds.
Re-orders on heavy weights for quick
delivery have been quite moderate in extent, and in these
all-wool fabrics have been most prominent.
Business in
overcoatings shows a slight improvement, but has again
been of different dimensions in the aggregate.
For woolen
and worsted dress goods the orders coming forward show
buyers taking more interest in the situation, although it is
still evident that the volume of trade is affected by weather
conditions; reports coming to hand indicate that retailers
are still carrying larger stocks than desirable of spring and
summer dress goods, and this naturally affects their opera¬
reflect the poor distribution from
date.
In like manner, some of
4,000
’
Chicago
“
Barley,
Rye,
bush.
afloat
Montreal
lake and
1,633,000
Boston
Baltimore
stocks in
Oats,
bush.
Corn,
Wheat,
"
[VOL. LXXXIV.
THE CHRONICLE
1380
York, Friday Night,
Eartment
views
ased thereon,
and theand“Journal
of fluctuations
Commerce,”inthethevarious
the wide
speculative
have been but little* reflected
In the latter the situation is tions for forward business.
FOREIGN DRY GOODS.—About an average amount of
practically unchanged from a week ago. At the close of
last week buyers of brown and gray goods were bidding business has been reported in. foreign woolen and worsted
more
freely for forward contracts, while manufacturers dress goods without marked development in any direction.
Piece silks and ribbons have ruled generally quiet.
The
were showing greater conservatism in committing themselves.
This week it has again been the manufacturer, or his agent, linen market shows undiminished strength in face of a mod¬
Burlaps are steady and incoming
who has determined the volume of business to be accom¬ erate current business.
plished. Yet the demand has not been actually extensive; supplies are easily taken care of.
it is the condition of the primary market, bare of ready
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
supplies and most mills well sold ahead, which makes it
look so.
In most descriptions the tendency of prices is still at this port for the week ending June 1 1907 and since
upwards, but in some of the lighter finished fabrics hesitation Jan. 1 19e7, and for the corresponding periods of last year,
may be noticed.
For this the weather up to date and its are as follows:
effect upon retail trade are directly responsible.
It is notice
d ££ O 2
TJi O <1 ^
able that the jobbing trade in such lines has of late been
s
8
=
=
2. g Sr ° ©
S3
quite indifferent, and in some quarters complaints are heard
o
d
Cd
Z 1
z
o
of retailers canceling orders on which deliveries have not
»
3
3
6
p
!
co
yet been made. Warm weather in the immediate future
c
'i
3 1
; ! o
w
might do much to correct this tendency, and developments
2
are
awaited with interest. There has been considerable
s|
GH
T
;
3 a
development of business in the new lines of woolen and
M
*©
•3
J
w
1
worsted goods shown for men’s wear for next spring, with¬
*5
W
!
o
out, however, changing price indications, as noted last week.
3
o
33
a
H
'
2
DOMESTIC COTTON GOODS.—The exports of cotton
Lh
o
O pc
?
r
P
»
Vo
© -4
*«
goods from this port for the week ending June 1 were 1,017
©
d,
d
"© 2
*+
© ©
pj
o
2l
t ©
a os
packages, valued at $69,647, their destination being to the
o
points specified in the table below:
2
1906
division of the cotton market
in the market for cotton goods.
W
a
73
V-'
£
D
P5
p
—
1
«—•*
c
o
—!
o
*-«
r"t-
D)
o
►1
C
1
IX,
|
1
*
c-f
•
M
1
e
i
1
s
•
i
i
1
O
i
f
|
i
*
I-,
•
1
i
1
i
i
r-,
r-f
»
,
c
i
©
i
•
i
i
i
1
1
i
i
i
1
1,
i
X
©
i
to
—*
© to
1,5 rc
0c cs
rc
oc X
CJi
-
l-v
.
to
©
CO
-.1
© ©
•fc*
—
©
A-
cn
i
.
i
i
i
O
i
i
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i
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o
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I
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XX
X
a
to
A
© A.
© © ©
o'* a.
y
<5
'
1907
—
New York to June 1 —
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America.
South America.
Other countries
Week.
•>
..
.
1
.
.
..
54
80
..
145
370
...
Total..
Week.
119
16
10.043
.
...
Since
J (in. 1.
965
53 4
357
1,017
...
The value of these New
4 540
18,753
3.597
9.821
1,085
6,627
19,598
14,303
89.866T
6
424
47
322
538
442
1,914
132,815
$7,524,039 in 1906.
The quotation for regular 64 square print cloths is nomi¬
nally 4 13-16c. to 4j^c., but it is said that buyers would pay
There are, however, so few of
5c. for immediate delivery.
these now being made that the quotations figure little as
a market indication.
It is more to the point to note that
28-inch 64 by 60 print cloths are being bid for at 4^0. with
sellers thereat, and that 383^-inch 64 squares are diffi¬
cult to buy at 7c. for prompt and near delivery, the
tone of the gray goods market being exceedingly strong.
Business in brown sheetings and drills is still almost entirely
on home account, exporters being evidently unable to pay
no
whole
Sales have been moderate in volume
of prices is still upwards.
of bleached cottons are
noted, bringing them into line with others already quoted;
and even on the higher lever sellers are indisposed to accept
orders with any degree of freedom, and part of the business
,li
—
a ©•
_
'a
CO
©
-t ©
L*
be Vv:
DC
c
Co
CO
05
CO
bs
©
£
cc
—
CO
is ©
to
I
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A
~4
wi
A
o
o
yy
M ®
925
6,992
23,614
7,200
^ ^
~X '-4 i-T 00
57,331
3,758
17.512
4.333
9,812
York exports since Jan. 1 has been
from first hands, but the tendency
Advances in a number of tickets
a
Ci c
co ^
685
$5,717,369 in 1907, against
prevailing prices.
-M
Since
Jan. 1.
653
© 05
oc c
*4 »
to
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V
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DC u
CO M
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Jtjne 8
THE CHRONICLE
1907.]
State aw> City D£?Aim/f£NT.
%\xt mxxonitU.
Page.
Name.
1383.
1319.
1195.
1195.
1135. -Columbia Twt
1262. -Cotton Plant i
1135.
Subscription—Payable in Advance
For One Year
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$11 50
1262.
1067.
1135.
1196.
1262.
1319.
1135
1067
1135
1320
1320
1196
1196
1320
1196
1263
1135
1196
1263
The Railway and Industrial Section, issued quarterly, is furnished
wit>umt extra charge to every annual subscriber of the Commercial and
Financial chronicle.
The State and City Section, issued semi-annually, is also furnished
without extra charge to everv subscriber of the chronicle.
The Street Railway Section, issued three times a year, is likewise fur¬
nished without extra charge to every subscriber of the Chronicle.
The Bank and Quotation Section, issued monthly, is also lurnished with¬
out extra charge to every subscriber of the Chronicle.
Transient matter per
Advertising—Per Inch Space
inch
Standing Business Cards
\
space (14 agate lines)
Two Months
(8 times)
Three Months
(13 times)
Six Months
(‘20 times)
Twelve Months (52 times)
$4 20
22 00
29 00
60 00
87 0U
OFFICE—Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
CHICAGO
«.
MAN A
COMPANY, Publisher,
NEW YORK.
MUNICIPAL BOND SALES IN MAY.
The aggregate of municipal bonds
month of May was $15,724,381, which is
placed during the
about equal to the
These figures do not
for that month in recent years.
include $304,200 Canadian loans, and $8,485,111
tem¬
porary loans.
New York City made no public offering
during the month.
The more important of the large disposals were $1,000,000
by Chattanooga, Tenn., $1,000,000 by the City of Chicago,
$1,000,000 by Cleveland, Ohio; $910,000 by Pittsburgh, Pa.;
$552,500 by Buffalo, N. Y.; $548,000 by New York City
(sinking fund takings), and $500,000 by Chicago, Ill.—Lin¬
average
coln Park District.
The number of municipalities emitting bonds and the num¬
ber of separate issues made during May 1907 were 207 and
287 respectively.
This contrasts with 218 and 353 for April
1907 and with 210 and 312 for May 1900.
For comparative purposes we add the
series of years:
1
For the
Month of
Five Months.
Mail.
$15,724,381 $94,190,782 1899
14,895,937
80,651 .623 1898
16.569,066
92,706.300 1897
55,110,016
113,443,246 1896-.-.-.
14,846,227
62,649,815 1895
20.956,404
59,211,223 1894
14.562.340
47,754,962 1893,
9.623,264
58,273,539 1892
1907.
19061905.
1904.
1903.
1902.
1901.
1900.
For the
Five Months.
Mag.
$7,897,642
$33,996,634
7.036,926
34,373,622
56,890,312
8,258,927
10,712.538
30,384.656
11,587.766
41.084.172
14,349,410
50,067.615
4,093,969
30,774.180
7,856,860
36,844.291
In the following table we give a list of May loans to the
amount of $15,724,381 issued by 207 municipalities.
In the
case of each loan reference is made to the page in the “Chron¬
icle” where an account of the. sale is given.
)ND
late.
Xamc.
Page.
SALES.
Maturity.
414
1318.
1134.
1382.
4
4
a
1925
1937
Sch. Dlst., Neb
1261 ..Athens. Ohio
1318._Attlea Soli. Dlst. No. 61, Kan
N. Y
1261.. Barberton, Ohio (2 Is.)
1134
1195
1195
1318
1134
Bay CItyr Sch. Dlst.. Tex.
Belleville >Sch. Dist., Kan..
Bemldjl lnd. Sch.Dis.,Minn.
Blum lnd. Sch. Dist.. Tex.. 5
__
.
1927
1907-1916
1908-1917
1908-1917
dl912-1947
1908-1017
1922
dl917-1937
Price.
100.18G
Amount.
$4,280
99,000
f 250,000
1150,000
5
5
4 14
4
5
4
5
5
5
100.07
zioo
20,000
103.36
4,000
100
6,500
100
10,000
103.709
19,556
1.000
2,500
100
10,000
35,000 V 103.714
9,000 J 4 H %
1
4
4
1383.. Boston, Mass.:
1383.. Boston. Mass
4
4
4
6
4
4
Twp., Ohio
1134.. Rrodhf-ad Sell.
Dist., Wis
N. Y
1261__Bro\verville, Minn
N Y.
1
1319.. Buffalo. N. Y
1261__Cadl7, Ohio
■_
Ohio
'4
1947
1937
1908-1927
1909-1920
'4
1917
1957
1908-1912
414
5
1908-1917
5
5
4
4
4
4
4
dl912-1917
III
Bid. Sch. Dist.. Iowa
County. No. Caro..
Co. S.D. No.2. Minn.
1135._Centralia, Mo. (2 Is.)..
>4
1066-.Chagrln Falls, Ohio (4 is.1
A
131 9_ _Charlotte. N. Y
H
(
N. Y.
4'A
Tenn. (6 Is.1
Co. Sch. Dlst. No.
4H
46, Wash
4
Pa
5
Ill
ill.—Lincoln Park
__
District
Ohio
Ohio
County', lnd
Tenn
4
3.65
3.65
3 H
4 A
1917
dl917-1927
1907-1916
.
.
-
basis
14,0001 izlOO
14,400 J
103.27
30,000
30,000
100
2,030
105.687
8,000
100.275
500,000
52,500 Z100
102.88
10,000
103.522
11,000
7,200
101.188
9,000
102.52
25,000
100
20,000
1912-1924
dl912-1927
1007-1917
1908-1917
1908-1923
1937
10,0001
8,000 J
1,000,000
dl922-1927
dl917-1 937
1910-1911
10,000
200,000
1,000,000
1927
1927
1947
1909-1913
dl912-1927
500.000
25.000
35,000
25,000
25,000
55.000
23,850
101 .792
100.377
-
-
.
-
_
Delaware
_
.
-
4
5
6
4 A
_
.
-
-
-Fnelnal Sch. Dlst.
Cal.
Ensley, Ala. (2 Is.
-Erie County', N. Y
_
6
5
4
4 A
-
.
.
-
-Essex County, N. J. (2 Is.)
.Fall River, Mass
.Farwell Sch. Dlst., Mlch._
1320
.
1196
1196
1263
3.
1320 ..Fort Collins. Colo.
1320.
1196. French Gulch Sch. Dlst..
1320. .Gaffney Sch. D. No. 10, S.C_
1263.
1197.
1263. Greece Un. Free S. D., N. Y
1320. Greeley, Colo
1263. Green burgh Un. Free Sch
Dlst. No. 10, N. Y
.’
1197.
1136.
Greenville.
.
.
_
-
.
.
.
.
.
.
.
Tex
.
1197.
1197.
1321.
1263.
_.
.
.
.
.
100.012
100.014
100.43
1914 1923
1924-1933
4A
5
5
1927
4A
7
5
5
8
4
5
A
5
5
4
4 A
4
4 A
4
5
.
.Henning Sell. Dlst., Mlnn__ 5
-Hcrington, Kan
5
-HiUyard S.D. No. 122,Wash. 5
dl917-1922
1908-1917
1908-1917
1927
1927
1917
1908-1938
dl917-1922
1912-1926
1937
1908-1947
1920-1922
1909-1912
1927
dl917-1947
1917
1908 1910
1927
Hoosick Falls, N. Y
4.30
6
Miss
1384. .Hubbard Co. Sch. Dlst. No.
.
1.384. .Houston,
20. Minn
1384- .Huntington. N. Y
1384. -Iowa Sell. Dlst.. Cal
1136.
13841321-
1264.
1136.
13211264119713211321.
126413851137.
13851264-
1321
1197.
13211137132113851137-
.Jackson, Tenn. (3 Is.)
-Jamestown, No. Dak.
-Jasper County, Miss..
-Joliet. Ill
.Jonesboro Sch. Dlst., Ark
.Joplin Sell. Dlst., Mo
-Jordan Sell. Dist., Utah
-Junction City Sch Dist., 0_
-Kanawha, Iowa
.Kelliher, Minn
.La Grande, Ore
,Lakeville Sch. Dist., Mtnn_.
.Lakewood Twp. S. D., N. J.
-Latah S. D. No. 60, Wash..
.Lathrop Sell. Dlst., Mo
.Lee’s Summit Sch. Dls., Mo.
.Leonard, Tex
.Lestershire, N.Y
.Lewiston S. D. No. 13, Utah
.Lima, N.Y
.Lincoln, Cal
.Lincoln County Sch. Dlst.
No. 105, Wash
4
4.40
5
4 A
4
5
5
4
4^
A
5
4
4
4A
4
6
6
f)
5
4
5
5 A
5
4
5
5
5
5
4^
4A
5
5
1912 1921
1916
1927
1908-1927
dl912 1927
1917
dl917-1927
dl 912-1927
1908-1932
d1917 1927
1927
1908-1922
dl917 -1927
dl912 1927
dl912 1927
1911-1927
dl912-1927
1908-1922
1907-1946
d 19 17-1927
1917&1922
1321- .Little Falls Sch. Dlst.. Minn. 4
4
1925
1321- .Lorain Sch. Dist., Ohio
1385- .McCammon Sch. Dlst. No.
5
1909-1918
24, Idaho
4
19 32
1264- Madlsonvllle, Ohio
4
1908-1927
5
1264. .Magnolia, Miss
4 H
1910
1137. .Malone, N. Y
34
l &5
1321. .Manslield, Ohio (20 Is.)
4&5
5
1197. .Marcus lnd Sch. Dls., Iowa
1198- .Medina, N. Y_.
4
4
1937
1322- .Memphis, Tenn
4 A
4
dl912-1927
1198- .Mesquite lnd. Sch. D., Tex. 4 A
4
1908-1920
1322- Mlamlsburg, Ohio
4
1937
1137- .Minneapolis, Minn. (2 ls.)__ 4
dl912-1927
1265- .Moberly, Mo
5
1265- .Monona Harrison
Drainage
Dlst. No. 1, Iowa
6
6
5
1386- .Monrovia, Cal
1927
1386- .Monrovia, Cal
4.20
3 A
dl912-1927
1265- .Montpelier, Vt
3
dl927-1947
1198- .Munday lnd. Sell. Dls., Tex. 5
dl912-1947
5
1322- .Nacogdoches. Tex
dl917-1927
5
1322- .Nampa lnd. S.D.No.37,Ida
5
1908 1912
1265- Napoleon, Ohio (2 Is.)
5
4A
dl917-1927
1198- .Natrona County, Wyo_
4
1927
1 198- .New Bedford, Mass
4
1908-1914
6
1137- .New Haven Twp. Ohio
3
1956
1386- .New York City
3
3
195 6
1386- New York City
3
1956
.New
York
Cl
tv
4
13864
d1927-1937
1138- .Norfolk Sch. Dlst., Neb
4 A
a A
1265- Northfield, Vt
5
1322- .Oak Harbor, Ohio
5
6
dl917-1927
1265- .Orongo Sell. Dlst., Mo
[5 A
5
.
.
.
1322--Ortlng, Wash
Bay', N. Y
1138--Palmer, Mass
1265-.PauldIng, Ohio
1199-.Paulding County, Miss
1265--Pike County, lnd
1265--Pittsburgh, Pa. (2 1s.)
Kan
1265--Plymouth Twp., Ohio
1138--Pontlac, Mich
1265--Polk County, Iowa
1138-.Qulncy, Mass
1138-_QuIney, Mass
1138-.Qulnoy', Mass
1199--Reno Sch. Dlst. No. 10, Nev.
Tenn.
100
101
1937
4
-
1322,-Randolph, Mass
100.47
1909 1921
1937
1927
1908
1914
1909-1912
1932
1908-1917
1908-1912
1908-1919
dl917-1927
dl917-1927
1912-1923
1937
1920-1934
1908-1917
4
1320. Hagerstown, Md.
1136.
1384.
1136. .Hasse lnd. Sell. Dlst., Tex__
1068. .Hempstead Un. Free Sel
4 A
Dlst. No. 24. N. Y. (2 Is.)
1263.
5
1384.
6
-
following table
showing the aggregates for May and the five months for a
Month of
4 A
5
4
4
5
-5 &6
4
4 A
4
5
-
_
.Darley Sch Dlst., Pa__.
.Dawson, Minn. (2 ls.)-_.
.Dayton, Ohio (11 is.)
1320.
Pine Street, Corner ol Pearl Street,
Post Office Box 958.
dl917-1927
1912-1917
1907-1911
1925
1907-1917
dl911-1921
-
.
WILLIAM!
Maturity.
5
3
5
4
5
6
.
.
110332869584..-_CABaluhiiofrbcastldeknwyxnrcvve,g, 13892657-.PORluiypscahtkeornv,
Subscription includes following Sections—
Bank and Quotation (monthly)
I State and City (semi-annually)
Bailway and Industrial (quarterly) | Street Railway (3 times yearly)
Terms of
Rate.
-
PUBLISHED WEEKLY.
Terms o£
1381
5
(5
.4 A
5
4
4
4
4
5
5
4
4
4
4
4
5
5
5
5
A
1908-1922
1908-1 917
19 27
dl 912-1927
1908-1945
A
dl908-1917
hi
A
4
4
4
4
4
4
4
4A
5
6
6
5
5
5
5
4
Sch. Dlst.,
4.30
Un. Fr. S. D. No. 1.N.Y. 4.30
1199-.Roane
Countyr, Tenn
Ridge, Ohio
1199-.St. Bernard, Ohio
1199._St. Bernard, Ohio
1324__St. James, Minn
4
4
4
4
5
5
1908-1917
1908-1917
1908-1947
1908-1910
1908-1937
1908-1957
dl91 7-1 927
dl912-1927
1908-1912
1908-1927
1917-1942
1937
1908-1917
1909-1915
Amount.
7,000
12,000
1,300,000
300.000
7,000
10,000
rrice.
101.535
100
101.435
101.212
103.371
100
35,000 1/100.285
101.081
2,774
100
110,000
35 ,000
104.553
28,000
11,050 Z100
100.492
6,500
20,000 t/101.532
102.573
250,000
104.28
4,000
l
8.451
100
24,000
100.55
20,000
100
20,000
114
6,000
100
90,000
100.26
210,000
101.81
50,000
100,000 Z100
101.31
15,000
8,000
50,0001 1/101
50,000]
102.002
100
102.384
35,000
47.080
1,845
2,500
25.000
4.800
110.60
103.364
100
103.125
80.000
26,000
Too
25,000
105.606
15,000
104.286
30,000
100.038
36,757
40,000
100
5.000
4 0,000
100
12,000
5,000 4 % basis
33,000
10,000
2,500
15,000
43,000
25,000
75,0 00
6,000
103.16
100
100
1 00
iob"
100
100
103.238
12,500
2,200
125,000
100
100
20.000
35,000
51,000
55. 000
103.279
95
50,000
100
30,000
25,000
5,000
5,000
160,000
12,000
15,000
100
101.01
100
100
100
104.50
101.23
1 02 82
10 2.255
13.000
12,500
2 ) ,000
6,500 4% basis
100.289
8,500
19,750 :1/100.126
100.066
15,00 0
15,000
12.000
20,000
17,500
100
100
10,000
5,000
25,000
225,000
59,550
100
103
100
20,000
32,000
551.000
2,000
13,0 00
400,00 0
15,000
100.245101.75
100.2 5
102.28
1 00
100.076
100.659
101.716
1 00.10
11 0.60
1 05.30
100
400,000
15,000
10,000
30.000
10,000 4 % basis
103.10
50,000
10 1.173
15,000
101.776
5,970
100.062
40,000
100.911
20,000
107.811
15,000
40,000}
502,000 } Z100.
6,000 J
1 01.42
24,000
100
70.000
3,500 i/100
106.033
6,000
1 .000
100
100
2,000
100
1,000
102.015
15,000
100.666
30,000
13,000
35,000
2 3,864
100.744
100.27
916,000
100
5,500
105.41
15,000
103.11
10 000
117,000
41,0001
40,000
{
6.000J
35,000
100,000
10,000
60,000
2,500
12 000
26,000
6,500
1,868
6,500
100.079
101.007
102
100.153
100
100.666
100.307
103.692
101.605
100.384-
Name.
1387.
1387. Saginaw, Mich
1387. Saginaw, Mich
1199. Sandusky Sch. Dlst., Ohio..
1266.
1324. Santa Clara, Cal. (3 Is.)
1266. .San Timateo Sch. Dlst., Cal.
1266. Sarles Sch. Dlst.. No. Dak..
1266. .Sayre, Pa
1325. .Schenectady, N. Y. (2 Is.)..
Page.
20,000
io;ooo
1908-1914
1908-1917
1908-1947
4
4
4H
6
4
4
1927
4)4
1927
j
11909-1918
4
1908-1937
<71910-1927
1957
11323289689507.BCLGDH5ohIuiazcryertklgthmesoa,dnn,S)N.
Dlst., Tex
Dlst. No
Minn
Sch.
Ind.
1201.. Toledo, Ohio
1266-_ Tomahawk, Wls
1326-. Valley City Sch. D.. No.Dak.
1266.. Van Buren Sch. Dlst.. Ark..
Virginia Beach, Va
.6231
1267.. Waco, Tex
1387.. Wadsworth Sch. Dlst., Ohio
1201__ Walla Walla, Wash
1267._ Washington C.H .,Ohlo(2 Is.)
1140.. Waterbury, Conn
1141.. Watertown, Mass. (5 Is.)
1267.. Watervllle, N. Y
1267.. Weehawken Twp., N. J
1267.. Weehawken Twp., N. J
1326.. West Baton Rouge Parish
Dr. Dlst. No. 1, La
1326.. White Cloud, Mich
1388.. White County. Tenn
1268.. Wllllamsfield Twp. Sch. Dls.,
Ohio
1380.. Wooster, Ohio
1268.. Wyandot County,
1202._ Yonkers, N. Y
1268.. York Twp., Ohio
1142.. Youngstown, Ohio
1142.. Youngstown, Ohio
1142.. Youngstown, Ohio
1202.. York, Neb
Ohio
5
4
5
4
6
6
5
4
4 H
4
4
4
4.35
4
10,000
100
105.179
ZlOO
100.75
100
100.125
1.000
14,000
100
101.369
1909-1933
75.000
35,000
100
1927
13.000
200,000
3,405
9,481
25,000
1908-1922
18 000
102
20,000
20,000 1/100.25
108.258
60,000
<71912-1927
1937
1937
1912-1931
65.000
1927
100,000
1908-1937
1927
15,000
200,000
88,000
30,000
32,090
1912-1931
1917
1937
43,00u
25,000
5
5
5
101.25
101.67
101.468
102.109
100.66
50,000 4 % basis
100.791
106,000
103.125
40,000
1917
4X
8,000
1912-1927
100.23
101.425
101.506
101.77
101.136
100.116
100.072
102.07
100
101
60,000
1909-1926
5
4
5
1908-1912
1922-1924
1924-1926
1908-1912
1908-1912
1908-1912
1927
4H
4
5
5
5
Total bond sales for May 1907
100.392
100.25
104.028
400,000
30,000
200,000
150,000
500,000
13,000
<71917-1927
1908-1917
1908-1917
1927
5
5
5
35,000
150,000
60,000
1 ,800
10,000
<71910-1917
<71912-1917
60, Wash
1139.. Spokane Co. Sch.
81 Wash
1325.. Springfield, Ohio
1325.. Springfield, Ohio
1367.. Staples Sch. Dlst.,
1200.. Sulphur Springs
24,000
1908-1917
4
9.000
9,000
5.000
17,000
10,000
50,875
14,250
1,295
if
15,000
106.61
100
102.06
102.91
100.80
102.687
102.701
102.625
102.833
BY
Sell.
Dlst.
(2 Is.)
-
Rate.
A Vx
5
_
’. 5"
Maturity.
Amount.
1908-1937
1927
1908-1927
$83,000
2,200
83,000
16,000
1908-1927
90,000
Price.
96.50
99
100
96.25
No.
.
4 U
4«
30,000
$304,200
Total
REVISED
TOTALS
FOR
PREVIOUS ^MONTHS.
r-
The following items, included in our totals for previous
months, should be eliminated from the same, as the sales
have not been carried to completion.
We give the page
number of the issue of our paper in which the reason for the
failure to consummate the sale may be found.
Page.
Amount.
Name of Municipality.
Dlst., Cal. (April list)
1266. .San Timateo Sch.
$1,800
We have also learned of the following additional sales for
previous months:
Page.
Rate.
Sch.
A y2
Name.
1260..
Acquackanonk
Twp.
Dlst., N. J
S. D. No. 7, Mont. AH
Co. Sch. Dlst. No. 49,
Wash. (March)
5J4
N. Y
Maturity.
Amount.
<71917-1927
$25,400
36,000
<71912-1922
18,000
8 368
4
Ohio
1319__Deal, N. J. (March)
1262.. Decatur, Ill
1196--l)lcklnson, No. Dak
1263._Enosburg Falls Graded Sch.
Dlst., Vt
1196. .Fountain County, Ind
1197__Greenwood S. D. No.l8,S.C_
S. D., Ohio (March).
1197.. Hamilton County, Iowa
No. Caro
Ohio
1385.. Lewis Co. S.D. No.18, Wash.
18 Wash.
Rock, Ark
Park S. I). No. 97. Ill..
1323. Rochelle Sch. Dlst., Ill
1265._St. Elmo, Tenn
*
Bend,Wash.(January)
4 '■$
4
4
1917
1916-1926
1927
3
4H
1937
5
5
5V£
6
4
5H
5H
6
4t£
4 J-a
5
4
1937
1912-1921
1917
1913-1937
<71910-1912
<71910-1912
1908-1916
1911-1916
1917-1926
‘l 927
5H
Nev. (March)
Bay, Wls
1387.-Vineyard Haven Mass
1201__Wauseon, Ohio
6
4
4U|
Price.
100
100
100
5,000 zlOO
__
.
"lVlY
1908-1912
75,000
100
125,000
26,000
100
100
100
20,000
100.943
30,110
103.333
15,000
2,500
100.50"
100,000
103.28
11.000
102.39
25,000
100.44
2,500
100.64
2,500
95
30,000
101.50
57,000
25,000 2/100
18,000
100
60,000
103.502
40.000
106.41
10,000
95,000
1 bo’ 525
2,000
All the above sales (except as
These additional April issues
indicated) are for April.
will make the total sales
(not including temporary loans) for that month $19,951,203.
News Items.
Florida.—Legislature Adjourns.—The Legislature of this
State adjourned May 31.
New York City.—Greater New York Charter Amended Re¬
garding Interest Rate on Future Bond Issues.—The Governor
on June 7 signed the amendment to the city charter removing
the 4% limit on the interest payable on New York City bonds,
and conferring on the Sinking Fund Commissioners the power
to fix the rate of interest payable upon all corporate stock and
bonds issued hereafter
United States Supreme Court handed down the opinion and
decision of the Court overruling the demurrer interposed by
the State of West Virginia to the suit in equity instituted by
the State of Virginia against West Virginia to compel the
latter State to assume a portion of the indebtedness con¬
tracted by Virginia before the creation of West Virginia.
As
stated in V. 84, p. 644, argument on the demurrer was com¬
pleted
by the city.
on
March 12.
The State of West Virginia must file
by the first Monday of the October term.
See editorial remarks in our article on “The Financial Situa¬
tion” to-day.
answer
to the bill
Bond Proposals and Negotiations this week
MUNICIPALITIES.
CANADIAN
Name.
1322.
1386.
1323. .Regina
Sask.
1199.
railways; subways, tunnels, &c.
The substance of the text of these bills will be found in
V. 84, p. 1260, of the “Chronicle.”
New York State.—Law Providing for the Improvement of
Public Highways Amended.—The Assembly on May 13
passed an amendment to Chapter 469 of the Laws of 1906
fixing the interest rate on issues of State highway improve¬
ment bonds at 3, 33^ or 4% instead of at a rate not to exceed
3/^%. The bill also makes changes in the apportionment of
the cost of the construction of highways as between the State
and counties and towns and also in the rate of taxation im¬
posed to provide for interest and sinking funds. The bill,
at last accounts, was in the hands of the Senate Committee.
Omaha, Neb.—City Not Compelled to Purchase Water Plant.
—By a decision of the United States Circuit Court, handed
down on June 4, the application of the Omaha Water Co. to
compel the city to purchase the plant of that company was
denied.
As stated in V. 83, p. 225, the value of the plant
fixed by the Board of Appraisers on July 7 1906 was $6,263,295.
See item under the head of Omaha Water Co. in our
“Investment News” Department elsewhere.
Virginia-West Virginia.—Demurrer Overruled in Debt
Settlement Suit.—On May 27 Chief Justice Fuller in the
.£$15,724,381
Average date of maturity,
d Subject to call In and after the earlier
year and mature In the later year,
fc Not Including $8,485,111 of tem¬
porary loans reported, and which do not belong In the list,
z Taken by
Inking fund as an Investment,
v And other considerations.
a
SOLD
Governor also signed on June 7 the amendment to Chapter 4
of the Laws of 1891 in relation tQ the powers of the Board
of Commissioners of tjie Sinking Fund to prescribe the rate of
interest on bonds issued for the construction of rapid transit
(207 municipalities
coveting 287 separate Issues)
BONDS
Chapter Four of Rapid Transit Railway's Law Amended.—The
Price.
Amount.
Maturity.
\aU.
1139...Scranton, Pa
1266...Selma, Ala
4
1325...Shelby County, Tenn
1387...Skagit Co.S.D.No. 10,Wash.
1325...Skamania Co. Sch. Dlst. No.
5
3, Wash
1199...Snow Hill Sch. Dlst., Iowa. 5
4
1199...South Bend Sch. Dlst., Ind.
4
1387...South Orange Twp., N. J
1200...Spokane Co. Sch. Dlst. No.
Page.
[VOL. LXXXIY.
THE CHRONICLE
1382
have been as lollows:
Allegheny, Allegheny County, Pa.—Price Paid for Bonds.
—We are informed that the price paid for the $250,000 4%
30-year coupon street-improvement funding bonds awarded
to Lawrence Barnum & Co. of Pittsburgh on May 30 was
100.07 and not 100.007 as stated in last week’s issue.
As
already stated in V. 84, p. 1261, these securities are part of an
issue of $400,000 bonds,of which $150,000 will be taken by
the Sinking Fund at par.
Alpine County (P. O. Markleeville), Cal.—Bond Offering.—
Proposals will be received up to June 20 foi* an issue of $8,000
5% bonds.
Ames Township (P. O. Amesville), Athens County, Ohio.
—Bond Sale.—On June 1 the $1,000 4% coupon road-im¬
provement bonds described in V. 84, p. 1318, were awarded to
'
the First National Bank of Amesville at par.
This
was
the
only bid received.
Amherst Union School District (P. O. North Amherst),
Lorain County, Ohio.—Bond Offering.—Proposals will be
received until 12 m. June 17 by J. B. Avery, Clerk of the
Board of Education, for $30,000 4% coupon school-house
bonds.
Authority, Sections 3991, 3992 and 3993 of the Re¬
vised Statutes of Ohio and election held May 11 1907. De¬
nomination $500.
Date June 17 1907.
Interest March and
September at the North Amherst Bank Co. of North Amherst.
Bonds are exempt from taxation.
Bids must be made on
blank forms furnished by the Board of Education and accom¬
panied by a certified check for $1,000, drawn on a bank in
Amherst and made payable to the Treasurer of the Board
of Education.
Purchaser to pay accrued interest.
Bonded
debt at present $10,000.
Assessed valuation 1907 $657,000.
Arthur, Wellington County, Ont.—Debentures Not Sold.—
No award was made on May 25 of the three issues of 4%
and 4i^% debentures, aggregating $13,700, described in V.
84, p.1194.
Ashland, Ashland County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. July 1 by A. P. Black
Village Clerk, for the following bonds:
.
$26,000 5% Union Street Improvement bonds.
Denomination $650. Ma¬
turity $1,300 each six months from March 1 1908 to Sept. 1
1927 Inclusive.
Washington Street Improvement bonds. Denomina¬
Maturity $600 each six months from March 1 1908
Sept. 1 1914 Inclusive.
8,400 5% West
tion $600.
to
Authority, Section 2835, Revised Statutes.
Date July 1
for 5% of
Village Treasurer, is required.
Athens, McMinn County, Tenn.—Bonds Voted.—An elec¬
tion held May 25 resulted in favor of a proposition to issue
$15,000 school-building bonds.
Bakersfield, Kern County, Cal.—Bond Sale.—On June 3
the $120,000 43^% 1-40-year (serial) gold main and outfallsewer-system-construction bonds described in V. 84, p. 1261,
Interest semi-annual.
bonds bid for, payable to the
1907.
Certified
check
awarded to the Bank of Bakersfield at 103.75—a basis
of about 4.226%.
were
Binghamton, Broome County, N. Y.—Bond Sale.—On
4% registered Robinson Street school-
June 3 the $55,000
Jtjkh 8
awarded, it is
the Binghamton Savings Bank of Binghamton
house bonds described in V. 84, j).
stated, to
1261,
were
at 100.025.
Boston, Mass.—Bond Sales.—The following
sold at par
1383
THE CHRONICLE.
1907.]
bonds were
during the month of May to trust funds:
$14,000 4% Boston Tunnel and Subway bonds. Maturity April 1 1047.
14,400 4% school-building and land bonds. Maturity April 1 1937.
The above bonds are dated
May 1 1907.
Bucyrus School District (P. O. Bucyrus),
Crawford County,
School District No. 46, Wash.—Bond Sale.
$10,000 15-20-year (optional) gold coupon
building bonds described in V. 84, p. 1195, were awarded to
Morris Bros, of Portland at 100.47 and accrued interest for
4%s. Following are the bids:
Chelan County
—On May 27 the
Morris Bros.,
$10,047
10,157
10,133
10,107
00
00
00
00
10,078 00
10,000 00
Portland (for 4^8)
MacDonald, McCoy & Co., Chicago (for 5s)
Title Guaranty & Trust Co.. Portland (for 5s)
Trowbridge & Nlver Co., Chicago (for 5s)
Harris Trust & Savings Bank, Chicago (for 5s)
State of Washington (for 5s)
Seattle Trust & Title Co., Seattle (for 5)$s)
Wm. D. Perkins & Co., Seattle (for 5^s)
10,127 60
Offering.—Proposals will be received until
10.051 50
12 m. July 18 by J. S. McCarrell, Clerk of the Board of Edu¬ S. A. Kean, Chicago (for 6s)
10,250 00
Chas. H. Coffin, Chicago (for 6s)
10,126 00
cation, for the $17,500 4% school-building bonds voted on
Bonds are dated May 27 1907.
Interest
semi-annual.
May 15 (V. 84, p. 1318). Authority, Sections 3991 and
3992 of the Revised Statues.
Denomination $1,250. Date
Chickasaw School District (P. O. Chickasaw), Mercer
Sept. 1 1907. Interest semi-annually at the office of the County, Ohio.—Bond Offering.—Proposals will be received
Maturity until 10 a. m. June 15 by John P. Hartings, Clerk of the
Treasurer of the Board of Education in Bucyrus.
yearly
on
March
1
1921
$2,500
from 1915 to
inclusive. Certi¬ Board of Education, for $8,000 5% school bonds. Authority,
fied check for $100, payable to the Treasurer of the Board Sections 3991 and 3992 of the Revised Statutes.
Denomina¬
of Education, is required.
Delivery of bonds Sept. 1 1907. tion $1,600. Date June 15 1907. Interest annually at the
Buffalo, Erie County, N. Y.—Bond Offering.—Proposals District Treasurer’s office. Maturity $1,600 yearly on June
Cash deposit of $200, pay¬
will be received until 12 m. June 12 by George M. Zimmer¬ 15 from 1908 to 1912 inclusive.
able to the Clerk of the Board of Education, is required.
man, City Comptroller, for the $200,000 4% registered city
and county-hall refunding bonds mentioned in V. 84, p.
Bonds to be delivered within twenty days.
Purchaser^to
1195.
Authority, Section 7 of the General Municipal Law, prepare and furnish blank bonds.
Chapter 685 of the Laws of 1892; as amended by Chapter 466
Cisco Independent School District (P. O. Cisco), Eastof the Laws of 1893, as amended by Chapter 54 of the Laws
land County, Tex.—Bonds Voted.—This district on May 25
of 1897 and Chapter 333 of the Laws of 1901.
Date July 1 authorized the issuance of $30,000 higli-school-building bonds
Interest semi-annually at the office of the City
1907.
by a vote of 203 to 9.
Comptroller or at the Gallatin National Bank in New York
Clatsop County School District No. 10, Oregon.—Bond
City. Maturity $10,000 yearly on July 1 from 1908 to 1927
inclusive.
Bonds are exempt from taxation.
An uncon¬ Sale.—This district recently awarded an issue of $7,000 5%
ditional certified check for 2% of bonds bid for, payable to g. 10-20-year (optional) bonds to Morris Bros, of Portland
at 101.535—a basis of about 4.805% to the optional date
the City Comptroller, is required.
Bond Issues.—The issuance of $89,044 50 4% 20-year
and about 4.88% to full maturity.
Denomination $1,000.
judgment-funding bonds has been authorized. Securities Date March 15 1907. Interest semi-annual.
will be dated July 1 1907 and will be taken at par as follows:
Cleveland, Cuyahoga County, Ohio.—Bond Election.—
$37,044 56 by the Hertel Avenue Outlet Sewer Sinking Fund Local
papers report that an ordinance providing for an elec¬
and $52,000 by the Erie' Railroad Grade Crossing Bond
tion to be held June IS to vote on a proposition to issue
Sinking Fund.
bonds was passedJby
Pursuant to Section 105 of the City Charter, the Mayor and $750,000 central-viaduct rebuilding
the City Council on June 3.
Comptroller are authorized to issue $11,247 82 4% Depart¬
ment of Public Works bonds to be dated June 1 1907 and
Columbus, Franklin County, Ohio.—Bonds Authorized.—
mature July 1 1908.
Under the ordinance providing for The City Council on May 7 passed ordinances providing for
these bonds, they are to be taken at par by the following the issuance of the following bonds:
sinking funds: $7,000 b}r the Perry Street Grade Crossing $175,000 4% coupon water bonds. Maturity Oct. 1 1947.
75,000 4 % coupon sewer and sewage-disposal-works bonds.
Maturity
Sinking Fund, $2,647 82 by the Park Bond Redemption
Oct. 1 1937.
Sinking Fund and $1,600 by the Erie RR. Grade Crossing
Denomination $1,000.
Date not later than Oct. 1 1907.
Bond Sinking Fund.
Interest semi-annually Apr. 1 and Oct. 1 at the agency of the
Burbank School District, Santa Clara County, Cal.—Bond
city of Columbus in New York City.
Offering.—Proposals will be received until 11a. m. June 17
The City Council also recently passed ordinances provi¬
by F. E. Mitchell, Chairman Board of Supervisors (P. O. ding for the issuance of the following bonds:
Santa Clara County), for $7,000 5% gold coupon school
$50,000 4 % coupon street-improvement (city’s portion) bonds.
Maturity
bonds.
Denomination $1,000. Date June 1 1907. Interest
March 1 1919.
17,000
4%
coupon Blake Avenue Improvement assessment bonds.
Ma¬
semi-annually at the County Treasurer’s office. Maturity
turity Sept. 1 1918, subject to call after Sept. 1 1908.
$1,000 yearly on June 1 from 1911 to 1917 inclusive.
Certi¬ 11,000 4% coupon Pennsylvania Avenue improvement assessment bonds.
Maturity Sept. 1 1918, subject to call alter Sept. 1 1908.
fied check for 10% of bonds bid for, payable to Henry A.
6,000 4 % coupon Englcr Street Improvement assessment bonds.
Ma¬
Pfister, ex-officio Clerk of Board of Supervisors, is required.
turity Sept. 1 1918, subject to call after Sept. 1 1908.
5,000 4 % coupon Livingston Avenue Improvement assessment bonds.
Camrose, Alta.—Debenture Offering.—Proposals will be
Maturity Sept. 1 1913, subject to call after Sept. 1 1908.
4 000 4 w % coupon
received until July 1 for $10,000 6% fire-protection deben¬
sewer-construction assessment bonds. Maturity
Sept. 1 1909, subject to call after Sept. 1 1908.
tures.
Maturity part yearly for twenty years.
4,000 4 % coupon Vermont Avenue Improvement assessment bonds.
Maturity Sept. 1 1918, subject to call after Sept. 1 1908.
Canaan Township (P. O. Canaanville), Athens County,
4,000 4 % coupon Sixteenth Avenue Improvement assessment bonds.
Ohio.—Bond Sale.—On June 1 the $1,000 5% coupon roadMaturity Sept. 1 1918, subject to call after Sept. 1 190S.
2,000 4 V* % coupon Columbus Street Improvement assessment bonds
improvement bonds described in V. 84, p. 1319, were
Maturity Sept. 1 1918, subject to call after Sept. 1 1908.
Ohio.—Bond
awarded to Mrs. F. C. Webster at 101.25.
Independent School District (P. O. Canton), Van
Zandt County, Tex.—Bonds Registered.—An issue of $5,000
5% school-house bonds was registered by the State Comptrol¬
ler on May 31.
Maturity May 1 1947, subject to call after
Canton
ten
Carterville, Jasper County, Mo.—Bond Offering.—Pro¬
posals will be received until 12 m. June 20 by H. E. Moody,
City Clerk, for $19,000 4% public-sewer bonds. Denomina¬
tion $1,000.
Maturity 20 years, subject to call after 10
years.
Certified check for $500 is required.
Casey Township School District (P. O. Casey), Clark
County, Ill.—Bonds Voted.—An election held May 25 re¬
sulted in favor of
a
proposition to issue high-school-building
bonds.
Cedarville
School
District
(P. O.
Cedarville),
County, Ohio.—Bond Election.—An election will
Greene
be held
to-day (June 8) to vote on the question of issuing $30,000
school-building bonds. An election was held May 17 to vote
on this proposition, but we are informed that the result was
tie vote.
Celina, Mercer County, Ohio.—Bond Offering.—Proposals
m. June 15 by J. M. Winter, Village
Clerk, for $3,000 4^% water-works-extension bonds. De¬
nomination $1,000.
Date March 1 1907. Interest semi¬
annual.
Maturity $1,000 yearly on March 1 from 1908 to
Certified check for $300, payable to the
1910 inclusive.
Village Treasurer, is required. Successful bidder to furnish
will be received until 12
blank bonds at his expense.
Chelan County School District No. 49, Wash.—Bond Sale.
—We have just been advised that this district on March 2
awarded an issue of $18,000 5,k*>% 5-15-year (optional)
funding and school-building bonds to the Seattle Trust &
Title Co. of Seattle at a price above par.
Denomination
$1,000. Date April 15 1907. Interest annual.
bonds.
Maturity
1908.
bonds. Maturity
Sept. 1 1900, subject to call after Sept. 1 1908.
500 4.'4 % coypon
alley Improvement assessment bonds.
Maturity
Sept. I 1913, subject to call after Sept. 1 1908.
21,000 4 % coupon Front Street Improvement assessment bonds.
Date
not later than
years.
r
a
2,000 4 Is % coupon sewer-construction assessment
Sept. 1 1909, subject to call after Sept. 1
1,000 4 y, % coupon sewer construction assessment
Sept. 1 1907.
Maturity March 1 1919.
than June 1 1907.
Treasurer’s office.
Colville, Stevens County, Wash.—Bonds Defeated.—An
election held May 4 resulted in the defeat of a proposition to
issue $10,000 sewer-system-const ruction bonds.
Conneaut, Ashtabula. County, Ohio.—Bond Offering.—
Proposals will be received until 12 in. June 22 by II. T. Culp,
City Auditor, for $36,000 5% Harbor Street improvement
assessment bonds.
Authority, Section 1536-281 of the Re¬
vised Statutes of Ohio.
Denomination $1,000. Date June
1 1907.
Interest annual.
Maturity as follows:
Denomination $1,000.
Date not later
Interest March 1 and Sept. 1, at the City
$3,000
4,000
3,0004,000
June
June
June
June
1
1
1
1
1908 I $3.000
19091 4,000
19l('| 3,000
19111 4 ,U00___
June 1
June 1
Tune 1
June 1
1912 | $4,000
1913| 4,000
1914
1915
June 1 1916
luitc 1 1917
Certified check for 5% of bonds bid for. payable to the City
Treasurer,-is required'. Purchaser to pay accrued interest.
Corsicana, Navarro County, Texas.—Bonds Voted.—On
May 10 this coy authorized th'* iss"anc.M)f the $15,000 4% 1540-year (optional) public-school-building bonds mentioned in
V. 84, j). 10.37, by a vote of 272 to 91.
In lords t not to exceed
5%. Date of sale not yet determined.
Cortlandt Union Free School District Ko. 8 (P. O. Peek-»
skill), Westchester County, N. Y.—Core c-ion.—In con¬
nection with the offering on June 12 of th
$50,000 bonds
described in V. 84, p, 1319, we are requested to ca’l attention
to
the fact that the
post-office addresss of the d strict is
Peckskill, not Cortlandt.
1384
THE CHRONICLE.
Covina School District (P. 0. Covina), Los Angeles
County, Cal.—Bond Election.—The School Trustees have
decided to call an election to submit to the voters a proposi¬
tion to issue SCO ,000 high-school-building and site-purchase
bonds.
[VOL.
LXXXIV
Grand Rapids, Itasca County, Minn.—Bond Offering.—
Proposals will be received until 8p.m. June 10 by the Town
Board for the following bonds:
$5,850 .5 % gold (series A) registered refunding bonds.
Denomination $500,
except one bond of $350.
3,000 5% gold (series B) registered funding bonds.
Denomination $500.
4,150 5% gold (series C) registered road-building bonds.
Denomina¬
tion $500, except one bond of $150.
Covington, Tipton County, Tenn.—Bond Offering.—Pro¬
posals will be received at any time for the $15,000 5% sewer
extension bonds voted on May 7.
Authority .election held April 22 1907. Date day of sale.
(See V. 84, p. 1319).
Interest semi-annually at the American Exchange Bank of
Maturity $3,000 on Julv 1 1917; $5,000 on July 1 1927 and
Duluth.
Maturity 15 -years. An unconditional certified
$7,000 on July 1 1937.
check for $500, payable to the Town Treasurer, is required.
Crete School District (P. O. Crete), Saline County, Neb.—
Official circular states that interest has always been paid
Bonds Defeated.—On April 15 the voters defeated the propo¬
John McDonald is Chairman of Town Board.
sition to issue the $10,000 5% 5-20-year (optional) high- promptly.
Hamilton County (P. O. Chattanooga), Tenn.—Bond
school-addition bonds mentioned in V. 84, p. 884.
Sale.—On June 4 the $75,000 high-school and $150,000
Cridersville, Auglaize County, Ohio.—Bonds Voted.— tunnel
5% coupon bonds described in V. 84,. p. 1136, Were
Local papers state that an election held recently resulted, by
awarded to the Harris Trust & Savings Bank of Chicago at
a vote of 89 to 05, in favor of a proposition to issue $15,000
105.022 and accrued interest.
Following are the bids re¬
school-building bonds.
ceived:
Cuyahoga County (P. O. Cleveland), Ohio.—Note Sale.— Harris Trust & Savings
' |Seasongood&Mayer, Cln_$235,500 00
On June 5 the $3,610 5% Northfield Road improvement
Bank, Chicago
$236,300 00 f Well, Roth & Co., Cln
234,200 00
Union Sav. & Trust Co236,250 00 | A. G. Chamberlin
234,000 00
notes described in V. 84, p. 1319, were awarded to the Citi¬
Harrisville, Alcona County, Mich.—Bonds Not Sold.—No
zens Savings & Trust Co. of Cleveland at par and accrued
bids were received on May 23 for the $1,900 20-year sidewalk
interest.
This was the only bid received.
and the $2,900 25-year sewer 5% coupon bonds described in
Danbury, Fairfield County, Conn.—Bond Offering.—Pro¬ V.
84, p.1136.
posals will be received until 4 p. m. June 10 by Henry N.
Hastings
School District No. 100 (P. 0. Hastings),
Fan ton, City Clerk, for $75,000 4% gold water bonds. Date
June 1 1907.
Interest Jan. 1 and July 1 at the purchaser’s Dakota County, Minn.—Bond Sale.—On May 6 this district
option in New York City. Maturity June 1 1927. Certified awarded a $12,000 4% 20-year new-school-house bond to
check for $2,000 is required.
Purchaser to pay accrued in¬ the State of Minnesota at par. Date July 1 1907. Interest
,
.
r
,
terest and furnish blank bonds.
annual.
Davidson County (P. O. Nashville), Tenn,—Bond Offering.
Proposals will be received until 10 a. m. June 25 at the office
of W. M. Pollard, County Judge, for the following bonds:
Highland County (P. O. Hillsboro), Ohio.—Bond Sale.—
1 the $21,000 bridge and $4,000 refunding 4%
coupon bonds described in V. 84, p. 1136, were awarded to
the Merchants’ National Bank of Hillsboro for $25,146.76
(100.587) and accrued interest. A bid of par was also re¬
Maturity thirty years, redeemable $200,000
In twelve years. $200,000 In fifteen years, $200,000 In eighteen
years, and $200,000 In twenty-four years.
criminal court and jail bonds.
Maturity twenty years.
$800,000 4% bridge bonds.
160,000 4%
Interest semi-annually
is Chairman.
in Nashville.
W. G. M. Campbell
Dayton, Montgomery County, Ohio.—Bonds Authorized.—
providing for
Date June 1
1907.
Maturity June 1
1911.
25,000 4% bonds for placing underground the wire and other signal ap¬
paratus of the fire-department.
Date June 1 1907.
Ma¬
turity June 1 1917.
20,000 4 % Great Miami Houlevard Improvement bonds.
Date July 1
1907.
Maturity $2,000 yearly on July 1 from 1908 to 1917
Inclusive.
Denomination
ceived from the Farmers’ & Traders’ Bank of Hillsboro.
Henderson Township (P. O. Henderson), Sibley County,
Minn.
Bond Sale.—On May 31 the $2,500 coupon refunding
bonds described in V. 84, p. 1197, were awarded to the Union
Investment Co. of Minneapolis at par for Cs.
Securities are
dated June 1 1907.
A bid was also received from the Wells
& Dicky Co. of Minneapolis.
—
The City Council recently passed ordinances
the issuance of the following bonds:
$27,000 4 % police-station bonds.
On June
Interest semi-annual.
Dayton, Rhea County, Tenn.—Bond_ Sale.—On June 1
the $12,500 5% 20-year coupon school-building bonds de¬
scribed in V. 84, p. 1196, were awarded to the Dayton Bank
& Trust Co. of Dayton at par.
Deiter Township (P. O. Pine Creek), Roseau County,
Minn.—Bids Rejected.—All bids received on June 1 for the
$2,600 coupon refunding bonds described in V. 84, p. 1196,
$1,000.
Holloway, Swift County, Minn.-—Bonds Voted.—This
village recently voted to issue$4,000 fire-station bonds. We
are informed that
application has been made to the State for
this loan.
Honesdale School District (P. O. Honesdale), Wayne
County, Pa.—Bonds Voted.—An election held May 28 re¬
sulted in a vote of 247 to 39 in favor of a proposition to issue
$45,000 school-house bonds.
Houston, Chickasaw County, Miss.—Bond Sale.—This
May 8 awarded an issue of $6,000 6% water and
light bonds to the W. R. Compton Bond & Mortgage Co. of
Macon at par.
Denomination $100 and $500. Date May 1
town on
1907.
Interest semi-annual.
Hubbard County School District No. 20, Minn.—Bond
rejected..
Dublin, Erath County, Tex.—Bond Election.—This city Sale.—This district recently awarded $8,000 4% 7-14-year
will hold an election to vote on the question of issuing
(serial) high-school-building bonds to the State. Denomi¬
nation $1,000.
Date July 1 1907. Interest annual.
$13,000 improvement bonds.
Eaton Rapids, Eaton County, Mich.—Bonds Voted.—An
Huntingdon, Carroll County, Tenn.—Bond Offering.—
election June 3 resulted in a favor of the proposition to issue This city is offering for sale the $10,000 5% 20-year gold
street-improvement bonds voted on May 25. See V. 84, p.
$15,000 brick-pavement-construction bonds.
1321.
Interest semi-annual.
El Reno, Canadian County, Okla.—Bond Election.—On
June 25 propositions to issue $50,000 city-hall and $25,000
Huntington, Suffolk County, N. Y.—Bond Sale.—On May
sewer-system-extension bonds will be submitted to the 25 the $12,500 5-14-year (serial) registered town parkvoters of this city.
improvement bonds described in V. 84, p. 1263, were
awarded to O’Connor & Kahler of New York City at par for
Elyria Township School District (P. O. Elyria), Lorain 4.40
per cents.
Bonds are dated June 1 1907.
County, Ohio.—Bond Sale.—Following arc the bids received
Iowa School District, Sonoma County, Cal.—Description
on June 1 for the $4,000 6% 2-5-ycar (serial)
coupon school¬
of Bonds.—We are advised that the $2,200 5% school-house
building bonds described in V. 84, p. 1196:
bonds awarded on May 10 to the Santa Rosa National Bank
Hayden, Miller & Co., Clev.$4,191 00 Nat. Bank of Elyria
$4,126 80
F. L. Fuller & Co., Clove.
Security Savs. Bank & Tr.
4,105 00
of
Santa Rosa (V. 84, p. 1321) are dated June 1 1907.
De¬
Co., Toledo
4,162 00 W. J. Hayes & Sons, Clev_. 4,089 00
Otis & Hough, Cleveland__ 4,160 00 S. A. Kean, Chicago
nomination $275.
Interest annual.
4,080 00
Maturity June 1 1916.
England Special School District (P. O. England), Lonoke
Ithaca, Tompkins County, N. Y.—Bond Offering.—Pro¬
County, Ark.—Bond Offering.—Proposals wrill be received
posals will be received until Monday evening, June 24, by
up to June 15 for an issue of $10,000 6% 20-year bonds of
this district.
Authority an Act of the General Assembly of Randolph Horton, attorney for Ithaca Water Board, Savings
Bank Building, Ithaca, N. Y., for approximately $666,000
1905.
G. W. Morris is President and Jas. B. Gray is Secretanr of the Board of Education.
water bonds.
Authority, Chapter 181, Laws of 1903 as
Essex County (P. O. Salem), Mass.—Temporary Loan.—
amended by the Laws of 1907.
Bids are requested for long¬
On June 3 the $200,000 temporary-loan notes described in
V. 84, p. 1320, were awarded to the Cape Ann National Bank term bonds bearing 4% interest and for 4^% bonds, subject
of Gloucester at 4.545% discount.
to call after five years.
Gallatin School District (P. O. Gallatin), Daviess County,
The official notice of this bpnd offering will be found among
^Mo .—Bond Offering.—This district is offering for sale an the advertisements elsewhere in this Department.
issue of $15,000 4% school-building bonds.
Authority,
vote of 356 to 63 cast at election held April 2 1907.
Jackson, Hinds County, Miss.—Bond Sale.—On June 4
Date
May 1 1907. Interest semi-annual. Maturity May 1 1927, the $50,000 5% 20-year municipal-building and improve¬
subject to call after May 1 1912. Bonded debt, including ment bonds described in V. 84, p. 1197, were awarded to
this issue, $17,500.
E. H. Rollins & Sons of Chicago at 103.31 and accrued in¬
Assessed valuation $830,830.
Glencoe School District No. 35 (P. O. Glencoe, Cook terest.
County, Ill.—Bonds Voted—Bond Offering.—On May 25 this
Jamestown, Stutsman County, N.D.—Bond Sale.—This
district authorized the issuance of the $20,000 4^% centralschool-addition bonds mentioned in V. 84, p. 1263, by a vote city recently awarded $20,000 4% 1-20-year (serial) cityhall bonds to the State School Fund at par.
of 47 to 14.
Maturity $2,500 yearly on Oct Lfrom 1910 to
1917 inclusive.
Jersey City, Hudson County, N. J.—Bond Offering.—
Proposals for these bonds will be received
until 8 p. m. June 13.
Proposals will be received until 3 p. m. June 12, by the
were
-
_
June 8
for $255,000 4>£% gold coupon refunding
Authority, Chapter 16, Laws 1905. Date
Board of Finance,
water bonds.
*
July 1 1907. Interest semi-annual. Maturity July* 1 1937.
Bonds are exempt from taxation.
Certified check for 2%
of bonds bid for, payable to the City Treasurer, is required.
Delivery July 1 1907. Accrued interest, if any, to be paid
by purchaser. W. G. Nelson is City Comptroller.
official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Sold-.—
$44,000
4% 10-year coupon renewal bonds described in V. 84, p.
1321.
Proposals are again asked for these bonds and will be
received, this time, until 6 p. m. June 17. Denomination
$500.
Date July 1 1907. Interest semi-annually at the
City Treasurer’s office. Certified check for $250 is required.
George N. Winston is City Clerk.
Kinston, Lenoir County, N. C.—Bonds Voted.—The elec¬
Jefferson City, Cole County, Mo.—Bonds Xot
Bond Offering .—No sale was made on June 3 of the
tion held June 3 resulted in favor of the proposition
the $35,000 bonds mentioned in V. 84, p. 1136.
to issue
These
bonds are issued for the purpose of securing the location of
the Eastern Carolina Teachers’ Training School in this city.
The vote was 459 to 5.
County,
proposi¬
$3,300 school-house bonds will be submitted to a
Kirkman School District (P. O. Kirkman), Shelby
Iowa.—Bond Election.—According to local papers a
tion to issue
1385
THE CHRONICLE
1907.)
vote on June 24.
Qui Parle County (P. O. Madison), Minn.—Bond
Sale.—This county recently awarded $25,650 4% ditch
bonds to the State of Minnesota at par.
Date June 1 1907.
Interest annually in July.
Maturity from 5 to 10 years.
Lakeville School District (P. O. Lakeville), Dakota
’County, Minn.—Bond Sale.—This district on May 6 awarded
an issue of $12,000 4% 20-year school-building bonds to the
Lac
Lumberton, Robeson County, N, C.—Bond Offering.—
offering of the
$25,000 5y2% gold coupon graded school-building bonds
mentioned in V. 84, p. 1264.
Proposals for these bonds will
Further details are at hand relative to the
12 m. to-day (June S) by E. J. Britt,
Mayor. Denomination $500. Date July 1 1907. Interest
semi-annually at place designated by purchaser. Maturity
July 1 1937. Bonds are exempt from town taxes. Certified
check for $500, payable to E. J. Britt, Mayor, is required.
Bonded debt, including this issue, $75,000.
Floating debt
$10,000. Assessed valuation 1906, $943,000.
McCammon School District No. 24 (P. O. McCammon),
Bannock County, Idaho.—Bond Sale.—This district on May
29 awarded an issue of $10,000 2-11-year (serial) building
bonds to the State Land Board at par for 5s.
Denomination
$1,000. Date May 29 1907.
Madison Independent School District No. 74 (P. O. Madi¬
son), Lac Qui Parle County, Minn.—Bonds Authorized.—
This district recently authorized the issuance of $41,000 4%
be received until
coupon
or
registered
school-building
bonds.
Maturity
$2,000 yearly from ten
to fifteen years, $2,500 yearly from fifteen to
twenty years
and $11,000 twenty years from date.
The district has no
debt at present.
Assessed valuation 1906, $285,000.
Manor Independent School District (P. O. Manor), Travis
County, Tex.—Bonds Registered.—On June 1 the State Comp¬
troller registered $13,000 4*4% school-house bonds.
Ma¬
turity March 1 1940, subject to call after 10 years.
Mansfield, Richland County, Ohio.—Bonds Authorized.—
The City Council on May 14 passed an ordinance providing
$1,500 yearly from five to ten years,
for the issuance of $5,000 4% coupon bonds, for the purpose
of erecting arches and installing electric lights thereon.
nominations from $100 to $500.
Interest semi-annual. Ma¬
De¬
turity part yearly on Sept. 1 from 1908 to 1917 inclusive.
Marblehead, Essex County, Mass.—Temporary Loan.—
This town recently negotiated a loan of $25,000 with Blake
Bros. & Co. of Boston at 4.84% discount.
Loan matures
February
1908.
,
l
State at par.
Date July 1 1907. Interest annual.
Marion,
Marion
County,
Ohio.—Bonds
Authorized.—The
Latah School District No. 60 (P. O. Latah), Spokane
•City Council on May 13 authorized the issuance of $3,600
County, Wash.—Description of Bonds.—We are advised that
Prospect Street, $700 Girard Avenue, $700 Cherry Street,
the $13,000 514% school-building-addition bonds awarded
$4,000
Park Boulevard and $1,000 Grand Avenue 4^2%
•on
May 11 to the Washington Trust Co. of Spokane at
coupon
improvement (city’s portion) bonds. Denomina¬
101.23 (V. 84, p. 1264) are dated June 1 1907.
Interest tion $1,000.
Date, not later than June 1 1907. Interest
annual.
Maturity June 1 1927, subject to call after June 1 March and
September
at the City Treasurer’s office. Ma¬
1917.
turity $1,000 yearly on March 1 from 1911 to 1920 inclusive.
Latta School District No. 20 (P. O. Latta), Marion
Marshall, Harrison County, Tex.—Bond Offering.—This
County, S. C.—Bids Rejected.—All bids received on June 1
city
will offer at public auction at 4 p. m. June 25, at the
for the $14,000 5% 20-year coupon school building bdnds
office, $30,000 5% sidewalk-paving bonds.
Secretary’s
described in V. 84, p. 1069, were rejected.
Interest semi-annual.
Maturity 40 years, subject to call
Lenoir City, Loudon County, Tenn.—Bond Offering.— after 10 yeais.
Certified check for $1,000, on some bank in
Proposals will be received until June 20 for $25,000 5% 30- Marshall and made payable to H. S. Rice, City Secretary,
year improvement bonds.
Interest semi-annual. F. A. is required.
Weiss is Mayor.
Bonds Registered.—The State Comptroller on May
28
Lewis County School District No. 18, Wash.—Bond Sale registered $5,000 5% sewer-extension bonds.
—We have just been advised that this ‘district on April 20
Memphis, Tenn.—Bond Offering.—Proposals will be re¬
awarded an issue of $2,500 5J^% 3-5-year (optional) refund¬ ceived until 12 m. June 17 by Ennis M. Douglass, City Clerk,
ing bonds to Coffman, Dobson & Co. of Chehalis at 100.44. for $200,000 4% water bonds. These securities are part of
Denomination $500.
Date May 1 1907. Interest annual. an issue of $3,500,000 authorized by an Act of the General
Lincoln, Placer County, Cal.—Bond Sale.—This town has Assembly passed April 14 1903, and the entire issue is se¬
awarded an issue of $15,000 5% sewer bonds Jo E. H. Rollins cured by a trust deed on the plant.
Denomination $1,000.
Sons of San Francisco.
Denomination $375. Interest Date May 1 1903. Interest semi-annually at the Memphis
semi-annually May 15 and Nov. 15. Maturity $375 yearly Trust Co. in Memphis or at the office of the United States
on Nov. 15 from 1907 to 1946 inclusive.
Mortgage & Trust Co. in New York City. Maturity thirty
Lindsey, Sandusky County, Ohio.—Bond Sale.—On June years. Certified check for $5,000, on some bank in Memphis
and made payable to the City Clerk, is required.
See “State
3 the $15,943 85 5% Main Street paving assessment bonds
voted on April 16 were awarded to the Fremont Savings and City” Section for April 13 1907, page 166, for reference
to previous issues of these bonds.
Bank Co. of Fremont for $16,478. the price thus being 103.35.
Merchantville School District (P. O. Merchantville), Cam¬
Date May 1 1907.
Interest April 1 and Oct. 1.
den
County, N. J.—Bonds Voted.—Reports state that this
Litchfield School District (P. O. Litchfield), Meeker
district on May 28 authorized the issuance of $10,000 schoolCounty, Minn.—Bonds Defeated.—The voters of this district
improvement and $3,000 playground-enlargement bonds by
on May 20 defeated a proposition to issue $40,000 higha
school bonds.
Rock, Pulaski County, Ark.—Bond Sale.—This city
on April 22 awarded the $30,000 6% Street Improvement
District No. 117 bonds described in V. 84, p. 647, to the
Union Trust Co. of Little Rock at 95.
Livingston, Sumter County, Ala.—Bonds Voted.—An election held May 27 resulted by a large majority in favor of a
Little
proposition to issue $20,000 school-building bonds.
Logan School District (P. O. Logan), Harrison County,
Iowa.—Bonds Voted.—At a recent election this district
authorized the issuance of $6,000 school-building bonds.
Long Beach School District (P. O. Long Beach), Los
Angeles County, Cal.—Bonds Defeated.—By a vote of 140
“for” to 151 “against” a proposition to issue $90,000 school
bonds
was
defeated at
an
election held May 25.
Louisburg School District (P. O. Louisburg), Franklin
County, N, C.—Bond Offering.—Proposals will be received
until 11 a. m. June 10 by W. H. Ruffin, Secretary of Board
of School Trustees, for $10,000 5% coupon school-building
bonds.
Authority, Section 1, Chapter 673, Laws of 1907.
Denomination $1,000.
Date July 1 1907. Interest semi¬
annually in New York City. Maturity July 1 1937. Certified
payable to W. H. Buffin, Secretary, is re¬
Total debt, including this issue, $87,000. Assessed
valuation 1906, $1,030,261.
check for $500,
quired.
vote of 20 to 12.
Township School District (P. O. Sterling), Ashland
County, Ohio.—Bonds Awarded in Part—Bond Offering.—Of
$5,500 5% school-building bonds offered on June 1, $1,000,
maturing June 1 1908, were awarded to P. R. Liechty of Rittman at 102.40.
Following are the bids received:
Milton
Security Sav. Bk. <5c Tr.
R.
Liechty, Rlttman
$5,557 00
Co., Toledo
(for $1,000)
$1,024 00
Farmers’ Bank. Co., G’wlch 5,635 35 New 1st Nat. Bk., Colum. 5,555 00
Hoehler & Cummings, Tol_ 5,597 50! S. A. Kean, Chicago
5,505 05
W. J. Hayes & Sons. Clev.. 5,569 001 Well, Roth & Co.. Clncln.. 5,500 00
P.
bonds ($4,500) will be re-offered
July 1. Denomination $500. Interest semi-annual.
Maturity $1,000 on June 1 in each of the yeai s 1909, 1910 and
1911 and $1,500 on June 1 1912.
C. R. Moine is Clerk of
The remainder of these
on
Board of Education.
Wis.—Bond Sale Again
informed that, the sale of the three
issues of coupon bonds, aggregating $450,000, which was to
have taken place June 1, has again been postponed.
For
description of these securities see V. 84, p. 1264.
Minneapolis, Minn.—Bond Offering.—Proposals will ,be
received until 2 p. m. June 26 by Dan C. Brown, City Comp¬
troller, for $441,000 school and $150,000 park 4% bonds.
Date July 1 1907.
Interest semi-annual. Maturity July 1
Certified check on a national bank for 2% of the
1937.
Milwaukee, Milwaukee County,
Postponed.—We
are
1386
THE CHRONICLE
bonds, payable'to C. S. Hulbert, City Treasurer, is required.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Charter Election.—A special election will be held Sept. 17
for the purpose of voting on the question of a “new charter.”
Mobile, Mobile County, Ala.—Bond Offering.—Proposals
will be received until 12 m June 25 by Pat. J. Lyons, Mayor,
for approximately $2,000,000 4^2% gold coupon refunding
bonds. Authority, an Act of the Legislature approved March
4 1907.
Denomination $1,000.
Date Jan. 1 1907. Interest
semi-annual.
Maturity Jan. 1 1937. Certified check for 2%
of the amount of bid is required.
These bonds were offered
but not sold on May 15 (see V. 84, p. 1265).
Monessen, Westmoreland County, Pa.—Bonds Voted.—
On June 1 this borough, by a vote of 407 to 63, authorized
the issuance of $75,000 street-paving bonds.
and details of bonds not yet determined.
Date of sale
Monrovia, Los Angeles County, Cal.—Bond Sale.—The
following bonds were disposed of on May 6:
J15,000 water bonds awarded to the Monrovia Savings Bank of Monrovia
at
110.60
for 5s.
10,000 20-year bonds awarded to the First National Bank of Monrovia at
105.30 for 4.20s.
[VOL.
LXXXIY
Park
City School District No. 5
(P. O. Park
City),
Yellowstone County,
Mont.—Bond Offering.—
Proposals will be received until 12 m.
June 15,
by the School District Trustees, for $15,000 coupon
,
bonds at not exceeding 6 % interest.
Denomination $1,000.
Date July 1 1907.
Interest semi-annually at the County
Treasurer’s office or at the United States Mortgage & Trust
Co. of New York City.
Maturity July 1 1927, subject to
call after
July 1 1917. Certified check for 5% of the bonds,
payable to H. L. Trewun, Chairman, is required. If the suc¬
cessful bidder desires, bonds will be certified to as to their
genuineness by the United States Mortgage & Trust Co. of
New York City.
This district has no debt at present. Ed.
W. Peck is the School District Clerk.
Paterson, Passaic County, N. J.—Bond Offering.—Pro¬
posals will be received until 3 p. m. June 20 by John J. Brophy, Clerk of the Board of Finance, for the following bonds:
$81,000 4H % coupon or registered school bonds.
Maturity July 1 1932.
100,000 4
% coupon or registered renewal bonds.
Maturity July 1 1937.
Denomination $1,000.
Date July 1 1907. Interest semi¬
annually at the City Treasurer’s office. Certified check for
5% of the amount bid, drawm on a national or State bank
and made payable to the City Treasurer, is required.
Ac¬
crued interest to be paid by purchaser.
These bonds w7ere
Interest annual.
offered as 4s but not sold on May 23.
|F Montgomery County (P. O. Montgomery), Ala.—Bids Re¬
Paulding, Paulding County, Ohio.—Bond Offering.—Pro¬
jected.—All bids received on June 3 for the $250,000 4^% posals will be received until 3
p. m. June 24 by Ed. H.
50-year public-road bonds described in V. 84, p. 1198, were Cooper, Village Clerk,
for $16,000 5% Williams Street im¬
rejected.
provement bonds.
Denomination $500.
Date June 1 1907.
Montreal, Quebec.—No Action Yet Taken.—We are ad¬ Interest semi-annual. Maturity $1,500 yearly on June 1
vised that no action has yet been taken looking towards the from 1908 to 1915 inclusive and
$2,000 on June 1 in each of
issuance of the £1,000,000 sterling (or its equivalent) of 4% the
years 1916 and 1917.
Certified check for 10% of bonds
40-year gold debentures described in V. 84, p. 1013. bid for, payable to the Village Treasurer, is required.
Pur¬
chaser to pay accrued interest and furnish blank bonds at his
Nashville School District (P. O. Nashville), Brown County,
Ind.—Bond Offering.—Proposals will be received until 7 own expense.
p. m. June; 15 by P. E. Taggart, Secretary of the Board of
Pensacola, Escambia County, Florida.—Bond Offering.—
Education, for $2,800 coupon school-building bonds. Au¬
thority page 476 of the Acts of the Legislature of 1907. De¬ Proposals will be received until 12 m7 July 9 by the Board of
nomination $400.
Date July 1907.
Interest (rate to be Bond Trustees for $450,000 4^% improvement bonds.
named in bids) annually in Nashville.
Maturity $100 yearly Blank forms for bids will be furnished by L. Hilton Green,
from July 1917 to July 1923 inclusive.
Bonds are exempt Chairman Board of Bond
Trustees, or by the United States
from taxation.
This district has no debt at present.
As¬
Mortgage & Trust Co. of New York City.7 The legality7 of these
sessed valuation $142,000.
Newbern, Craven County, N. C.—Bond Offering.—Propos¬ bonds will be approved by Dillon & Hubbard of New York
als will be received until June 20 for $30,000 5% coupon
City.
water, light and sewerage-plant improvement bonds.. Au¬
The official notice of this bond offering will be found among
thority, Act of General Assembly passed March 8 1907. In¬ the advertisements elsewhere in this
Department.
terest semi-annual.
Maturity 30 years. Certified check
for 1% of bonds bid for is required.
Pleasanton, Linn County, Kans.—Bond Sale.—This city
New Kensington School District (P. O. New Kensington), recently awarded the $5,500 4j^% registered water-worksWestmoreland County, Pa.—Bond Offering.—Proposals will repair bonds mentioned in V. 84, p. 1071, to the Bankcof
Pleasanton at par.
Denomination $500. Date Feb. 1 1907.
be received until 7.30 p. m. June 10 by P. A. Brown, Secre¬
Interest semi-annual.
Maturity Feb. 1 1917, subject to call
tary of the Board of Education, for $00,000 4j^% coupon
after Feb. 1 1908.
high-school-building and site-purchase bonds. Authority,
Laws of 1874.
Denomination $1,000.
Date July 1 1907.
Pleasantville, Westchester County, N. Y.—Bond Offering.
Interest semi-annually at the First National Bank of New7 —Proposals will be received until 12 m. June 12
by W. S.
Kensington. Maturity July 1 1937, subject to call after Moore, Village Clerk, for the following bonds:
July 1 1922. Bonds are exempt from taxation. Certified $5,000 registered water-works (series A) bonds. Denomination $200.
check for $500, payable to the treasurer of the Board of
Maturity $200 yearly on July 1 from 1912 to 1936 Inclusive.
3,000 registered water works (series B) bonds.
Denomination $120.
Education, is required.
Maturity $125 yearly on July 1 from 1912 to 1936 inclusive.
Newman Grove School District (P. O. Newman Grove),
The above bonds are dated July 1 1907.
Interest (rate not
Madison County, Neb.—Bonds Voted.—An election held exceeding 5%) s uni-annually in New York exchange.
Bids
June 1 resulted in a vote of 238 to 48 in favor of a proposition must be unconditional and
accompanied by a certified check
to issue $16,000 school-building bonds.
for 5% of bonds bid for, drawm on a State or national bank of
New York State, payable to Albert See, Village Treasurer.
New York City.—Bond Issues.—During the month of May
The legality of these bonds will be approved by D. P. Hays,
the following iss ics of corporate stock were purchased by the
New York City.
Accrued interest, if any, to be paid by pur¬
Sinking Fund as an'investment:
•
Denomination $1,000.
,
Purpose—
Int. Rate.
For various municipal purposes
For water supply
Rapid Transit RR
3%
3%
4%
Maturity.
•
Total
•
Int. Rate.
•
bonds—current
bonds—current
bonds—current
bonds—current
expenses
expenses
expenses
expenses
bonds—special (Jan. 1908)
bonds—special (Jan. 1908)
bonds—special (Jan. 1908)
revenue
334 %
3% %
___4%
4 k( %
4%
4 q %
4H%
6,000
“revenue
Amount
$2,500,000
1,463,000
1,775,000
817,000—$6,555,000
12,000
100.000
852,500
bonds
$7,519,500
Niagara Falls, Niagara County, N. Y.—Bonds Not Sold.—
w'ero received on June 3 for the $13,000 4% 20-year
registered gold bridge (Series “K”) bonds described in
V. 84, p. 1198.
Norfolk, Norfolk County, Va.—Bonds Authorized.—The
Common Council recently passed an ordinance providing for
the issuance of $140,000 permanent-sew7erage-system bonds.
Oneonta Union Free School District No. 5 (P. O. Oneonta),
Otsego County, N. Y.—Bond Sale.—The following bids wrere
received on June 4 for the $100,000 1-20-year (serial) regis¬
tered or coupon school-building bonds described in V. 84,
p. 1198:
No bids
Ferris & White. New York (for 4.40s)
Adams & Co., New York (tor 4.40s)
W. N Coler & Co., New York (for 4^s)._
Oneonta Building & Loan Association (for 4^s)
D. F. Keyes (for 43*s)
W. J. Hayes & Sons, Cleveland (for 4^s)
S. A. Kean', Chicago (for 5s)
«
For $20,000 bond*.
...
chaser.
$40,000
502,000
In addition to the above stock, .The following
bonds’’ (temporary securities) wrere also issued:
Revenue
Revenue
Revenue
Revenue
Revenue
Revenue
Revenue
Amount.
1956
1056
1956
..$100,147
100,075
100,796
a20,000
100,376
...
100,020
102,000
Portage La Prairie School District, Man.—Debenture Sale.
—On May 22 the $16,000 5% school-building debentures de¬
scribed in V. 84, p. 1138, wrere aw?arded to Wood, Gundy &
Co. of Toronto at 96.25 and accrued interest.
Prairie School District, Fresno County,
tion Postponed.—The election, which was to
Cal.—Bond Elec¬
have been held to¬
day (June 8) to vote on the question of issuing $4,500 6% gold
school-building bonds (V. 84, p. 1322), has been postponed
to
June
turity
Denomination $900.
15.
one
Interest annual.
Ma¬
bond yearly.
Princeton, Mercer County, Mo.—Bonds Voted.—An elec¬
May 31 res dted in a vote of 199 to 30 in favor of a
proposition to issue $10,750 water-works bonds.
tion held
Preble County (P. O. Eaton), Ohio.—Bond Sale.—The fol¬
lowing awrard was made on June 1 of the three issues of 4%
ditch bonds, aggregating $1,290, offered on that day:
$792 4 % Clark Joint Ditch No. 256 Improvement bonds awarded to the
Preble County National Bank of Eaton at par.
Denomination
$132.
Maturity $132 each six months from Dec. 1 1907 to June 1
7
1910 Inclusive.
$448 4% Ridenour Ditch No. 258 Improvement bonds to R. J. Plummer
of Eaton for $449.25.
Denomination $112.
Maturity $112 each
six months from Dec. 1 1907 to June 1 1909 Inclusive.
$50 4 % Scheyhlng Ditch No. 257 Improvement bonds to the Preble County
National
$25
on
Bank of Eaton at par.
Dec. 1 1907 and $25
The above bonds
annual.
are
on
Denomination $25.
Maturity
June 1 1908.
dated June 1 1907.
Interest semi¬
Quincy, Norfolk County, Mass.—Bids Rejected.—All bids
on June 1 for $30,000 4% water bonds
offered on
that day were rejected.
received
June 8
Reading, Middlesex County, Mass.—Temporary Loan.—
This town recently negotiated a loan of $15,000 with Bond
& Goodwin of Boston at 5.03% discount.
Loan matures
Nov. 1 1907.
Redlands, San Bernardino County, Cal.—Bond Election.—
Trustees have decided to hold an election June 18
to submit to the voters a proposition to issue $25,000 4^2%
gold coupon public-park bonds. Denomination $1,000.
Interest semi-annual.
Maturity $1,000 yearly from one to
fifteen years inclusive and $2,000 yearly from sixteen to
twenty years inclusive.
Richmond, Quebec.—Debenture Offering.—Proposals will
be received until 4 p. m. June 15 for $25,000 4^% water¬
works debentures.
Date May 1 1907.
Maturity part yearly
for 40 years.
E. F. Cleveland is Secretary and Treasurer.
Ripley, Lauderdale County, Tenn.—Bond Sale.—On May
25 the $10,000 6% 10-20-year (optional) coupon streetimprovement bonds voted on March 14 (V. 84, p. 710) were
awarded to S. A. Kean of Chicago at 102.
Interest annually
at the Lauderdale County Bank in Ripley.
Bonded debt,
including this issue, $23,000. Assessed valuation 1900
The City
$000,000.
JTJRobertson County (P. O. Springfield), Tenn.—Bonds Not
on June 1 for the $150,000
4% 20-30-year (optional) coupon pike bonds described in V.
84^ p. 1014.
Rockford, Winnebago County, Ill.—Bond Sale.—This city
on June 3 awarded an issue of $27,700 4% 16-year refunding
bonds to the Rockford National Bank of Rockford for $27,710, the price thus being 100.036. Denomination $1,000,
except one bond for $700. Date July 1 1907. Interest
Sold.—No bids will be received
semi-annual.
Rule Independent School District (P. O. Rule), Haskell
County, Tex.—Bonds Registered.—The State Comptroller
on May 29 registered $12,500 5% school-house bonds.
Sacramento, Sacramento County, Cal.—Bond Offering.—
Proposals will be received until 8 p. m. July 1 by C. M. Prodger, City Treasurer, for $300,000 4% coupon city-hall bonds.
Date July 1 1907.
Interest payable at the City Treasurer’s
office.
Maturity $7,500 yearly on July 1 from 1908 to 1947
inclusive.
Certified check for 2% of bonds bid for, payable
to the City Treasurer, is required.
Bonds will lie certified to
as to their genuineness by the United States Mortgage k
Trust Co. of New York City.
Saginaw, Mich.—Bond Sale.—On May 31 the $24,000 4%
1-10-year (serial) sidewalk bonds described in V. 84, p. 1324,
were awarded to local investors.
We are informed that
$20,000 Eastern District sidewalk bonds and $10,000 special
sewer refunding bonds have also been purchased by local
investors.
Sandusky, Erie County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 in. June 21 by Alex. M. Wag¬
ner, City Auditor, for the following bonds:
March
1
75,000 4 % water-IHtratlon-plant-constructlon
Maturity May l 1922.
bonds.
Date May 1 1907.
March
refunding
1
bonds.
1907.
Maturity
Date
$8,000 4 % general
1927.
Denomination
$1,000.
semi-annually at the
Bids must state the amount offered
Interest
City Treasurer’s office.
for each issue separately and be accompanied by a certified
check for $1,000.
The official circular states there is no
litigation pending or threatening the validity of this issue and
that the city has never defaulted in the payment of any of its
obligations. Purchaser to pay accrued interest.
Seymour School District (P. O. Seymour), Wayne County,
Iowa.—Bonds Voted.—This district recently voted in favor
of a proposition to issue $7,000 school-house-addition bonds.
Sherburne, Chenango County, N. Y.—Bonds Proposed.—
The State Gas Commission has been requested to approve an
issue of $15,000 municipal electric-light-plant-construction
bonds of this village.
Skagit County (Wash.) School District No. 10.—Bond Sale.
—The County Treasurer has awarded an issue of $13,000
bonds of this district to Morris Bros, of Portland.
Snake River Valley Irrigation District (P. O. Shelley),
Idaho.—Bonds Not Yet Sold.—We are advised under date of
June 1 that no sale has yet been made of the $275,000 5%
canal bonds offered without success on April 15. For
description .of bonds see V. 84, p. 1015.
South Bend, Pacific County, Wash.—Bond Sale.—We an1
advised that an issue of $60,000 4% 20-year street and harbor
improvement bonds was awarded in January to E. D. Shepard
coupon
& Co. of New York at par.
Denomination
Interest semi-annual.
Jan. 1 1907.
v:
South Charleston, Clark County,
$500.
Date
Ohio.—Bonds Not Sold.—
$3,000 4
bonds
No sale was made on June 4 of an issue of
offered on that day.
South Orange Township (P. O. Maplewood), N. J.—Bond
Sale.—Local papers state that this township on May 28
awarded the $35,000 4% coupon sewer bonds offered without
success on
p. 1266) to the Milburn Township
and accrued interest.
May 21 (V. 84,
authorities at par
Staples Schoo
District (P. O. Staples), Todd County,
Minn.—Bond Sale.—This district on May 28 awarded an issue
of $25,000 5% 20-year school-house bonds to the Minneapolis
Trust Co. of Minneapolis at 100.66.
Denomination $1,000.
Interest June and December.
1387
THE CHRONICLE
1907.]
Stone Mountain, De
Kalb County, Ga.—Bonds Voted.—
authorized the
Local papers state that this place on May 27
issuance of $5,000 school-building bonds by a vote
of 104 to 3.
Township School District (P. O. Cuyahoga Falls),
Summit County, Ohio.—Bond Offering.—Proposals will be
received until 12 m. to-day (June 8) by W. A. Nickerson,
Clerk of the Board of Education, for $13,000 4% registered
school-building and site-purchase bonds. Authority, Sec¬
tions 3991 and 3992 of the Revised Statutes.
Denomination
$1,000. Date June 8,1907. Interest semi-annually at the
depository of the school district. Maturity $1,000 yearly on
June 8 from 1910 to 1922 inclusive.
Bonds are exempt from
taxation.
Accrued interest to be paid by purchaser.
Bonded debt, this issue.
Assessed valuation 1906, $662,000.
Streetsville, Ont.—Debenture Offering.—Proposals will be
received until 6 p. m. June 10 by T. I. Bowie, Reeve, for
$15,000 4^% electric-light-plant debentures.
Struthers, Mahoning County, Ohio.—Bonds Authorized.—
It is stated that the Town Council on May 30 authorized the
issuance of $7,000 5% 14-year town-building bonds.
Sturgeon Bay, Door County, Wis.—Bond Sale.—This city
on April 30 awarded the $10,000 6% 10-year city-hall bonds
voted on April 4 (V. 84, p. 1072) to MacDonald, McCoy &
Co. of Chicago at 106.41.
Denomination $500. Date May 1
Stow
Interest semi-annual.
1907.
Tecumseh, Johnson County,
award
was
made
on
Neb.—Bonds Not Sold.—No
May 14 of the $12,750 4J4%
10-20-year
(optional) electric-light-plant bonds described in V. 84, p.
1015.
These bonds, we are informed, are now being offered
private sale.
Terry School District, Fresno County, Cal.—Bond Offering.
—Proposals will be received until 2 p. m. June 10 by the
Board of County Supervisors (P. O. Fresno), for $9,000 5%
school-building bonds. Authority, Art. II, Chapter 3, Part
3, Political Code.
Denomination $900. Interest annually
May 25. Maturity $900 yearly on May 25 from 1908 to 1917
inclusive.
Certified check for $150, payable to the Chair¬
man of the Board of County Supervisors, is required.
W. O.
Miles is County Clerk and ex-officio Clerk of Board of
Supervisors.
Toledo, Lucas County, Ohio.—Bond Offering.—Proposals
will be received until 7:30 p. m. July 3 (postponed from Juno
12) by R. G. Bacon, City Auditor, for the $525,000 4%
at
Maumee River bridge construction bonds mentioned
Denomination $1,000. Date May 1 1907.
Interest semi-annually at the United States Mortgage & Trust
Co., New York City. Maturity $105,000 on May l in each
of the years 1912, 1917, 1922, 1927 and 1932.
Certified check
for 5% of bonds bid for, drawn on a national bank of Toledo,
and payable to R. G. Bacon, City Auditor, is required.
Ac¬
crued interest to be paid by purchaser.
coupon
in V.
84, p. 957.
Tulsa, Ind. Ter.—Bond Election.—The City Council has
an election to vote on propositions to issue
$30,000 school-building and $20,000 sewer-system-extension
decided to hold
bonds.
Utica, Oneida County, N.
Y.—Bond Sale.—On June 4 the
$50,000 4% 20-29-year (serial)
and the $25,000 4% 10-19-year
Mohawk River channel bonds
(serial) storm-watcr-drainagesystem-construction bonds described in V. 84, p. 1326, were
awarded to Isaac W. Sherrill of Poughkeepsie at par and ac¬
crued interest.
Amendment to
City Charter.—Chapter 271 of the Laws of
Charter in relation to issuing bonds
purchases at tax sales and provides a a fund for un¬
1907, amends the City
to pay
collected taxes.
Utica), Macomb County,
the $10,235 5% 10-year
school-building bonds voted on May 13 (V. 84, p. 1201),
were awarded to Bumpus Stevens & Co. at 103.35.
De¬
nomination $1,000.
Date June 1 1907. Interest annual.
Vaiden, Carroll County, Miss.—Bond Offering.—Proposals
will be received by E. L. Conger, Mayor, for $4,000 5% 20year school bonds.
Vassar, Tuscola County, Mich.—Bonds Voted.—An elec¬
tion held recently resulted in favor of a proposition to issue
$10,000 funding and improvement bonds.
Vincennes School City, Knox County, Ind.—Bond Offer¬
ing.—Proposals will be received until l p. m. June 17 by the
Board of School Trustees for $35,000 4% school bonds. De¬
nomination $500.
Interest Jan. 1 and July 1. Maturity
$7,000 yearly on July 1 from 1913 to 1917 inclusive.
Cer¬
tified check for 2% of bonds bid for, drawn on a national
bank and made payable to Eugene Hack, Treasurer of Board
of School Trustees, is required.
Mason J. Niblack is Secre¬
tary of the Board.
Vineyard Haven, Dukes County, Mass.—Bond Sale.—We
learn upon inquiry that the $95,000 4% water-works-purchase bonds, mention of which was made in V. 84, p. 1073,
were disposed of on April 20.
Wadsworth School District (P. 0. Wadsworth), Medina
County, Ohio.—Bond Sale.—On May 20 the $65,000 4%
coupon school-house bonds, a description of which was given
in V. 84, p. 1073, were awarded to MacDonald, McCoy & Co.,
of Chicago for $65,150 (100.23) and accrued interest.
Wapakoneta School District (P. O. Wapakoneta), Auglaize
County, Ohio.—Bond Sale.—On June 4 the $35,000 4% highschool-building bonds described in V.. 84, p. 1140, were
awarded to the Atlas National Bank of Cincinnati for $35,Utica School District (P. O.
Mich.—Bond Sale.—On June 1
A bid for $35,090 was
250, the price thus being 100.714.
also received from the German National
Bank of Cincinnati.
(P. O. Marietta),
Washington County
Ohio.—Bonds
Awarded in Part.—Of the $29,000 4% coupon bridge bonds
described in V. 84, p. 1207, $28,000 were awarded as follows:
$5,000 5-year and $1,000 4-year bonds to H. M. Ceal of Marietta for
$0,287 50, the price thus being 104.791.
$4,000 4-year, $0,000 3-year and $3,500 2-year bonds to C.C. Cheadle of
Waterford for $13,651, the price thus being 101.118.
$0,000 1-year and $2,500 2-yr. bonds to B. B. Putnam of Marietta at 100.10.
Bids were also received from the First National Bank of
Marietta and Weil, Roth & Co. of Cincinnati.
The $1,000
bonds not awarded mature June 1 1911.
Washington Township School District (P. O. Nashville),
Brown County, Ind.—Bond Offering.—Proposals will be re¬
ceived until 7 j>. m. June 15 by John F. Bond, Trustee, for
$3,000 coupon school-building bonds. Authority Chapter
185, Acts of 1901. Denomination $600. Date July 1907.
Interest (rate to be named in bid) annually at the Nashville
State Bank of Nashville.
Maturity $600 yearly from July
1909 to July 1913 inclusive.
Total debt, at present, $500.
Assessed valuation 1906 $380,000.
Waxahachie, Ellis County, Texas.—Bonds Voted.—Local
papers state that this place on May 28 voted in favor of a
proposition to issue $7,400 water-works-system-improve¬
ment bonds.
Wayne County (Neb.) School District.—Bond Sale.—On
1 the County Superintendent of Schools awarded a
$5,000 5% 10-year school-building bond to the Security In¬
vestment Company at 102.
Following are the bids:
June
$5,100 00 I George H. Rogers
Security Investment Co
Lincoln S. D. & Tr. Co., Lin 5,051 00 |
Bond dated June 1 1907.
advised
[VOL. LXXXIV
THE CHRONICLE
1388
as
$5,000 00
We
Interest annual.
are
not
to the official name of this district.
Wayne Township (P. O. Union City), Randolph County,
Ind.—Bonds Defeated.—An election held May 27
the defeat of a proposition to issue $25,000 bonds.
was 456 “for” to 466 “against.”
resulted in
The vote
Wayne Township (P. O. Waynesville), Warren County,
Offering.—Proposals will be received until 12 m.
to-day (June 8) by Clias. H. Clements, Township Clerk, for
$18,000 414% public-hall bonds. Authority Section 2835,
Ohio.—Bond
Statutes, as amended March 28 1906. Denomina-^
Date June 1 1907. Interest March 1 and Sept. 1.
Maturity $500 on March 1 1908, $1,000 each six months from
Sept. 1 1908 to March 1 1916 inclusive arid $1,500 on Sept. 1
1916.
Certified check for 2% of bonds bid for, payable to
the Township Treasurer, is required.
Accrued interest to be
paid by purchaser. Total debt, this issue.
West New York, Hudson County, N. J.—Bond Offering.—
Proposals will be received until 8 p. m. June 18 by the Town
Council, for the following bonds:
$200,000 5% registered or coupon funding bonds.
Authority, an Act of
Revised
tion $500.
the State Legislature
101,
Chapter
Laws
passed March 23 1899, as amended by
1907.
Date June 1
10,000 5% registered
or
coupon
street-opening
Section 73, Chapter 113, Laws of 1895.
Maturity July 1 1917.
Certllied check
is
Maturity
1907.
Certltled cheek (or cash) for $3,000 Is required.
June 1 1937.
Authority,
bonds.
Date July 1 1907.
(or cash) for $500
required.
Denomination
$1,000.
Interest semi-annual.
Bids must
be unconditional, with certified checks made payable to the
Town Treasurer.
The $200,000 funding bonds mentioned
above were offered as 4)4$ on April 2 1907 (V. 84, p. 888)
but no bids were received.
James L. Wolf is Town Clerk.
West Palm Beach Special School District No. 1, Dade
County, Fla.—Bond Offering.—Proposals will be received
until 12 m. to-day (June 8), by Z. T. Merritt,'Clerk of Board
of County Commissioners (Dade County, P. O. Miami) for
$40,000 5% coupon school-building bonds. Authority,
Chapter 4682, Acts of 1899. Denomination $500. Date
about Juty 1 1907.
Interest May and November at the
County Treasurer’s office. Maturity $1,000 yearly on May
1, from 1908 to 1911, inclusive; $1,500 yearly on May 1 from
1912 to 1915 inclusive; $2,000 yearly on May 1 from 1916 to
1919 inclusive; $2,500 yearly on May 1 from 1920 to 1923 in¬
clusive, and $3,000 yearly on May 1 from 1924 to 1927 in¬
clusive.
Certified check for $1,000, payable to the Board of
County Commissioners, is required. Bonded debt, this
issue.
Assessed valuation 1906, $1,563,917.
The legality
of these bonds will be
York City.
White County
approved by J. H. Caldwell of New
(P. O. Sparta), Tenn.—Bond Sale.—It is
$60,000 5% pike bonds
stated that this county has awarded
to John Nuveen & Co. of Chicago.
NEW LOANS.
NEW LOANS.
CITY OF ST. LOUIS
#355,000
JERSEY CITY,
ISSUE OF
N. J.
GOLD BOND8
3.65 PerCent 20-Year Cold Renewal Bonds
INTEREST,
MAYORS’ OFFICE
Saint Louis, June 1st, 1907.
(**By virtue of Ordinance No. 22,865, authorizing
the Issue, sale and delivery of renewal bonds of
the City of St. Louis, sealed proposals for the
purchase of two million dollars ($2,000,000) In
said bonds, hereinafter described, or any portion
thereof, will be received at the Mayor’s office,
In the City of St. Louis, until 12:00 o’clock noon,
of the 11T1I DAY OF JUNE, 1907, and publicly
opened by the undersigned at said place and
hour.
Said bonds will be dated June 25tli, 1907, and
will each be of the denomination of $1,000 United
States Gold Coin, payable twenty (20) years
after their date, and will bear Interest from their
date at the rate of three 65-100 (3.65) per cent
per
Semi-annual
Interest
annum.
coupons,
payable on the 25th day of June and December,
respectively, will be attached to each bond, and
both bonds and coupons will be payable to bearer,
he may elect, either at the National Bank of
Commerce In New York, In United States Gold
Coin, or at the National Bank of Scotland,
Limited, 37 Nicholas Lane, London, England,
In pounds sterling, at the rate of four dollars,
elghty-slx cents, six and one-half mills ($4 8665)
per pound Sterling.
The bonds will contain the
condition that In payments of principal and In¬
as
equal to five (5) per cent of the nominal amount
of the bonds bid for; said deposit to be returned
If the proposal Is not accepted, otherwise to be
held subject to forfeiture to the City In event of
failure on the part of the bidder to comply with
his proposal, or In case of compliance, to be re¬
tained as part of the purchase money.
A deposit
In the required amount to the credit of the City
of St. Louis, In the National Bank of Commerce,
In New York, or In the National Bank of Scotland,
Limited, London, will be accepted as full com¬
pliance with the requirements relating to deposits.
No Interest will be allowed on earnest money de¬
posited by the successful bidder.
Proposals will be subject to all the conditions
and reservations of this advertisement, and must
refer to same as a portion of the agreement on
the part of the bidder.
Proposals should
be enclosed and addressed
the undersigned and endorsed “Proposal for
Purchase of St. Louis City Bonds.”
The undersigned reserve the right to reject
to
any or
all bids.
Pound
The Bonds will be delivered against payment
therefor in current funds, at the oftlce of the
Comptroller In the City of St. Louis, on the 25th
day of June, 1907, or, If the bidder so elects In
his proposal, at the National Bank of Commerce,
in New York, on the 25th day of June, 1907.
The opinion of Messrs. Dillon
& Hubbard,
to be stated as one amount.
nished the successful bidders by the City.
A sample bond can be seen and further Infor¬
mation obtained at the office of the Comptroller.
terest
the
United
States
Gold
Dollar
and
the
Sterling will be calculated at the present
standard weight and fineness.
The bonds may
be exchanged for registered bonds at any time.
Bidders are requested to state In their proposals
the price offered per bond, the par and premium
Attorneys and Counselors at Law, New York
City, as to the validity of the bonds, will be fur¬
Proposals must be accompanied by a deposit
of cash or certltled check, payable to the order
of the Comptroller (and suoject to his approval).
ROLLA WELLS, Mayor.
JAMES Y. PLAYER,
Comptroller.
@666,000
City of Minneapolis
CITY OF ITHACA, N. Y.
WATER 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.
WEDNESDAY, JUNE 26,
1907, at 2'oelock p. m. for the whole or any
part of $441,000 00 School Bonds and for the
whole or any part of $150,000 00 Park Bonds.
TAXATION
Sealed proposals will be received by the
of Finance of Jersey City at Its meeting
held In the City Hall on the
Board
to be
12TH DAY OF JUNE. 1907,
o’clock p. m., when they will be
opened, for the whole or any part of
at three
publicly
$255,000 00 REFUNDED WATER BONDS
(COUPON BONDS.)
Said bonds are Issued In accordance with the
provisions of an Act known as Chapter 16 of the
Laws of 1905, and entitled “An Aet to authorize
Cities In this State to Issue and dispose of Bonds
to take up and pay oil other bonds about to
mature to pay which no funds have been other¬
wise provided,” approved March 8, 1905.
The principal of said bonds Is payable July 1,
1937, In gold coin of the United States of America
of the present standard of weight and lineness,
and the Interest,at the rateof 4 y2 % per annum.
Is payable In gold coin semi-annually on the first
days of January and July of each year.
Proposals should be enclosed In a sealed en¬
velope and endorsed, “Proposals for Refunded
Water Bonds of Jersey City,” and handed to the
Clerk, of the Board of Finance in open meeting
when called for at said meeting to be held Wednes¬
day, June 12, 1907, at three o’clock p. m.. In
the City Hall.
Each bid must be accompanied by a certllied
check to the order of the City Treasurer of Jersey
City for 2 % of the par value of the bonds bid for.
the amount of said check to be credited upon said
bid If accepted, and to be returned forthwith If
not
accepted.
Said Bonds will bear date of July 1, 1907, and
shall be delivered on July 1, 1907, the purchaser
paying any accrued Interest on the Bonds to the
day of delivery.
By resolution passed by the Board of Finance,
May 22, 1907. authorizing the Issue of these
Bonds, a Sinking Fund was also created for the
$591,000 OO
BONDS
% PER ANNUM
BONDS EXEMPT FROM
purpose of paying the principal of said Bonds
when due.
The Board reserves the right to reject
any or all bids If deemed for the best Interest of
Jersey City.
By order of the Board of Finance.
WM. GEO. NELSON,
City Comptroller.
on
bonds
proposals for the purchase of the whole
Sealed
any part of, approximately, $666.(Hid 00 of
water bonds of the City of Ithaca, N. Y., pur¬
suant to Chapter 181 of the Laws of the State of
or
New York for 1903, as amended by
the Laws of
bear Interest at the rate of four
per annum, payable semi-annually,
1907, will be received by the undersigned at any
time previous to the evening of June 24, 1907.
Such proposals to be upon the basis of long-term
bonds at 4 %, and bonds payable at the option of
the City at the expiration of five years at 4 V2 %.
value of the bonds bid for. made to C. S.
Hulbert, City Treasurer, must accompany each
Any Information desired will be furnished upon
application.
The City reserves the right to reject
any and all bids.
RANDOLPH HORTON,
Attorney for Ithaca Water Board.
Savings Bank Building,
Said
per cent (4 %)
dated July 1, 1907, and payable July 1, 1937.
The right to reject any or all bids Is reserved
A certified check for two per cent (2%) of the
par
bid.
Circular
mailed on
containing
full
particulars
will
application.
DAN. C
BROWN.
City Comptroller.
be
^
„
Ithaca, N. Y.
Perry, Coffin & Burr,
INVESTMENT BONDS.
60 State
Street,
BOSTON.
June $ 1907
13*9
THE CHRONICLE
j
Yonkers, Westchester County, N. Y.—Bond Offering.—
Proposals
will be received until 11:30 a. m. June 12 bv John
Postponed.—The sale of the $23,000 4J^% 30-year funding,
H. Coyne, Mayor, for $7,000 4)^% public-building and Dock
$20,000 4% 32-35-year (serial) water and $3,000 4% 30-year
Street bonds.
Authority Chapter 538, Laws of 1905. Date
sewer bonds, which was to have taken place June 3 (V. 84
June 15 1907.
Maturity Nov. 1 1916. Bonds to be de¬
p. 1202), has been postponed until June 10.
livered June 15 1907.
White Water School District (P. O. White Water), Butler
Bond Offering.—Proposals will be received until 8 p. m.,
County, Sans.—Bonds Defeated— An election held May 15 June 13, by the Board of Water Commissioners, John J.
resulted in the defeat of a proposition Jo issue $10,000 school
Devitt, President, for $150,000 4% water bonds. Authority,
bonds.
Chapter 36, Laws of 1873, as amended by Chapter 621 of
Willoughby, Lake County, Ohio.—Bond Sale.—On June 3 the Laws of 1906. Date July 1 1907. Interest April 1 and
the $6,500 4i^% Erie Street (Series “C”) improvement Oct. 1.
Maturity April 1 1927. Certified check for $1,000,
bonds described in V. 84, p. 1075, were awarded to the Cleve¬
payable to the Treasurer of the Board of Water Commis¬
land Trust Co. of Willoughby at 101.538 and accrued interest.
sioners, is required.
Bonds will be delivered July 1 1907.
Following are the bids:
A. W. Kingsbury is Clerk of the Board.
Y.—Bond Sale
Plains, Westchester County, N.
White
Clevel’d Tr.^Co., Wlll’by..$6,600 00
Hoehler & Cummings, Tol_
Otis & Hough, Cleveland--
Sec. Sav.&Trust Co
6,587 50 Well, Roth & Co., Clncln__
6,551 00 S. A. Kean, Chicago
Hayden, Miller & Co., Cle_ 6,537 50
$6,535 00
6,509 00
6,506 50
Youngstown,
Winnipeg School District (P. O. Winnipeg),
Man.—De¬
bentures Not to Be Offered at Present.—We are advised that
the $200,000 4% school debentures offered but not sold on
$8,290
$1,045
$365
$6,740
Hazel
Street
Bonds.
Lincoln
Avenue
Bonds.
Foster
Street
Bonds.
Fulton
Street
Bonds.
Centre
Street
Bonds.
Well, Roth & Co.,
$11,644,00 $8.394 00
«$55,141 00
Cincinnati
Hayden. Miller &
&
7.040 00
a$l,070 00 a$390 00
Fd., Youngst'n
Hoehler
$6,909 00
flll.815 00 a8,505 00
Co., ClevelandFiremen’s Pension
Date May 9 1907.
Laws of 1902.
Denomination $304.69.
Interest March 1 and Sept . 1 at the Village Treasurer’s office.
Cum¬
11,787 50
mings, Toledo.. 55,012 50
«7,052 50
1.048 75
S.500 00
Denison & Farns¬
11,738 25
worth, Cleve
Maturity $304.69 each six months from March 1 1908 to
Sept. 1 1917 inclusive. Certified check for 10% of bonds
bid for, payable to the Village Treasurer, is required.
As¬
sessed valuation 1907, $868,350.
Accrued interest to be paid
by purchaser.
Wooster, Wayne County, Ohio.—Bond Sale.—Reports
state that the $9,000 4% water-works-repair bonds described
in V. 84, p. 1142, were awarded on May 31 to the Citizens’
Security S. B. &
11 714 00
Tr. Co.. Toledo.
Otis & Hough.Cle.
11.668 00
-
8.440 00
8,412 00
6.978 00
Successful bidders.
a
All bidders offered accrued interest in addition to their bids.
Authorized. — The City Council recently passed
Bonds
ordinances providing for the issuance of the
following bonds:
$42,000 5% coupon sewer
National Bank of Wooster at par.
and street-improvement (city’s portion) bonds.
Maturity $7,000 yearly on Oct. 1 from 1909 to 1914 Inclusive.
15,000 5% coupon water-main-extension bonds.
Maturity $3,000 yearly
on Oct. 1 from 1909 to 1913 Inclusive.
Worcester, Worcester County, Mass.—Bond Sale.—Re¬
ports state that this city has awarded $05,000 4% 10-year
sewer and hospital bonds to .Estabrook & Co. of Boston1
semi-annually
$1,000. Interest
City Treasurer.
Denomination
office of the
at 100.03.
NEW
$11,500
Market
Bonds.
p.
NEW LOANS.
$55,000
House
958) will not be re-offered for some time.
Woodfield, Monroe County, Ohio.—Bond. Offering.—Pro¬
posals will be received until 12 m. June 15 by George P. Dorr,
Village Clerk, for $6,093.78 5% coupon street-improvement
assessment bonds.
Authority Section 97, Volume 96, of the
April 1 (V. 84,
Ohio.—Bond Sale.—The following bids were
the six issues of bonds described in
received on June 3 for
V. 84, p. 1142:
Denlson&Farnsworth, Cle_ 6,500 00
at
the
NEW LOANS.
LOANS
wVWWV%^%WWW%^WWWVWWWVWVVWW\
■
Bullitt
City of Minneapolis,
County. Kentucky,
Sealed bids will be received up to noon,
JUNK 25, 1907, at Shepherdsville, Kentucky,
for the purchase of $25,000 00 of Road bonds of
Bullitt County,
Kentucky, made payable to
one-half
1, 1907,
payable semi-annually at the Fidelity Trust Com¬
pany of Louisville, Ky., as follows:
bearer, and drawing Interest at four and
(4J<j%) per cent per annum from June
20 $100 bonds payable In live years
It 6 $500 bonds payable in live years
6 $500 bonds payable In seven years
8 $500 and 1 $1,000 bonds, payable In ten years
6 $1,000 bonds payable In lifteen years
6 $1,000 bonds payable In twenty years.
Any of said bonds may be redeemed after fif¬
teen (15) years from date of Issue at the option
of the county.
The right to reject all bids re¬
served, and bonds will not be sold for less than
accrued Interest.
Information furnished on application.
J. F. COMBS,
Commissioner.
face value and
Sealed bids will be received by the Committee
Ways and Means of the City Council of the
on
City of Minneapolis, Minnesota, at the office of
the undersigned. WEDNESDAY, JUNE 12TH,
1907, AT 2 O’CLOCK P. M.. for the whole or
any part of $100,000 00 Permanent Improvement
Fund Bonds, and for the whole or any part of
$250,000 00 Permanent Improvement Revolving
Fund Bonds.
Said bonds bear Interest at the rate of four (4)
per cent per annum,
payable semi-annually,
dated July 1st, 1S07, and payable July 1st, 1937.
The right 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. S.
Hulbert.
accompany
City
Treasurer,
must
each bid.
Circular containing full particulars will
be
mailed upon application to
DAN C. BROWN,
City Comptroller.
#450,000
Albert
PENSACOLA, FLORIDA,
Bonds of the City of Pensacola,
the bonds will be ap¬
proved by Messrs. Dillon & Hubbard of New
Further particulars with reference to said
York.
The legality of
blank forms for bids can
Walnut
Street,
Municipal,
County,
State,
Improvement
and
Public Service
High-Grade
To provide for the redemption of $186,600 of
bonds maturing July 1, 1907.
The Committee on Finance of the City of
Richmond, by virtue of an ordinance of the City
Council, approved April 29, 1907, is Instructed
to advertise and receive bids for the purchase
or any portion of Registered or Coupon
Convertible Four Per Cent Bonds, having thirtyfour years to run, dated July 1, 1907, and bear¬
ing Interest from that date, required to meet the
above at maturity.
of all
The Coupon Convertible Bonds will be Issued
In multiples of $1,000.
Bids for the above will
be received at the office of the City Auditor till
NOON OF JUNK 10, 1007.
A eertllled check
for an amount equal to 2 per rent on bids of
$100,000 or less, or 1
per rent on all bids In
excess of that amount., payable to order of the
Auditor of the City of Richmond, must accom¬
pany each bid.
The right to reject any and all bids Is expressly
reserved.
For further Information
apply to
Edward J. Warren, Auditor.
J. B. WOOD.
Chairman Committee on Flnanee.
R
DAY
L.
HILTON GRKEN,
Chairman Board of Bond Trustees,
Pensacola, Florida.
BANKERS,
Correspondence Solicited
BANKERS,
60 State
Street, Boston
SO MASHAU STREET. MEW YORK.
STATK
rilTf to RAILROAD BONOS.
Established 1880.
H. C.
Speer & Sons Co.
First Nat. Bank
CITY
*
Building, Chicago
COUNTY
AND TOWNSHIP
F. B. SHERMAN & CO.
MUNICIPAL
,
BONDS.
37 Walt Street,
35 Congress Street,
NEW YOKE.
BOSTON.
New York
L.
Blodget, Merritt & Co
CO.,
&
Securities
be had on
application to the undersigned or to the United
States Mortgage & Trust Company, New York.
BONDS.
REFUNDING
CENT
CINCINNATI, O.
Sealed bids will be received by the Board of
Bond Trustees of the City of Pensacola, Florida,
until JULY 9TH. 1907. at 12 o’clock noon for
the purchase of all or any part of $450 000 4V2 %
bonds and
PER
Kleybolte & Co.,
409
4i4% Improvement Bonds.
City of Richmond, Va,,
FOUR
BONDS
ROAD BONDS
Florida.
#186,600
#360,000
035,000
)
and
CORPORATION
)
bonds
AND
Specialists in Mew Jersey Securities.
eisele a
king,
BANKERS,
Members of New York and Philadelphia
Stock Exchanges.
757-759 Broad St.
NEWARK.
STATE, COUNTY
CITY
TAXES
Mac Donald, McCoy
MUMIC!PAL
205 La Salle Street, CHICAGO
Private Wires to
V.Y. and Philadelphia.
EXEMPT PEON
City Bonds
AND
& Go.,
CORPORATION
BONDS.
181 La Salle Street, Chicago.
THE
NORTHERN AUDIT CO.
52 Broadway,
CHAS. GRI8W0LD
New York
BOURNE, President
Telephone 4592 Broad
[VOL. LXXXIV
THE CHRONICLE
1390
^haxapnuies,
Bowling Green Trust Co*
BROADWAY*
26
incorporated 1858.
NEW YORK.
MU States Trust Coups ot lew loti,
Capital, $1,000,000 Surplus, $8,000,000
OFFICERS:
45 and 47 Wall Street.
EDWIN GOULD,
.
.
.
President
WILLIAM H. TAYLOE,
1st Vice-President
CHAS. P. ARMSTRONG,
2d Vice-President
JOHN A. HILTON,
8d Vice-Pres, and Treas.
WILLIAM M. LAWS,
,
.
Secretary
DIRECTORS:
John A. Hilton,
Charles P. Armstrong,
Frank Bralnard,
Myron T. Herrick,
Edward T. Jeffery,
Harry Bronner,
Ftonktta Q, Brows,
Robert C. dowry,
Edmond C. Converse,
Wm. Kelson Cromwell,
Grenville M. Dodge,
A. Gospel,
Bid win Gould,
Frank J. Gould,
George J. Gould,
Winslow 8. Pleroe,
Morton F. Plant,
Dlok 8. Ramsay,
Frederick B. Sehenok,
Androw Squire,
William H. Taylor,
Edward R. Thomas,
John P. Trueedell,
E. F. C. Young.
$2,000-000
CAPITAL,
SURPLUS
UNDIVIDED
AND
$12,801,046
PROFITS,
WILFRED J.
JAMBS, Vice-President
Secretary
EDWARDS, 2cf Asst. Secretary
D. WILLIS
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, Second Vice-Pres.
HENRY E. AHERN,
CHAS. A.
WORCESTER, Asst. Secretary
JOHN A. STEWART, Chairman
of the Board cf Trustees.
o*B,,8oo*
4"
TRUST CO.
*
No. 06 BROADWAY,
34TH 8T. Sc FIFTH AVK.
No. 100 WEST
PiftTH STREET.
THIRD AVENUE Sc 148TH STREET.
0HARLB8 T. BARNEY, President.
FRBD’K L. HLDR1DGE. 1st Yloe-Presldent.
JOSEPH T. BROWN. 2d Vice-President.
ALLEN, 8d Vice-President.
B. L.
WILLIAM TURNBULL, 4th V.-Pro
FBBD’K GORE KING, Sec. and Treas.
J. MoLBAN WALTON, Ant. Secretary.
HARRIS A. DUNN, Asst. Treasurer
TRUST DEPARTMENT:
WILLIAM B. BAND ALL, Trust Officer
HARLEM BRANCH:
LEWIS, Manager.
W. F.
financial.
BRONX BRANCH:
JOHN BAMBEY Manager.
Rhode Island
BARROW, WADE, GUTHRIE & CO
Hospital
CERTIFIED PUBLIC ACCOUSTARTS.
(New York and Illinois.)
Trust
Company,
PROVIDENCE R. I.
91,000,000
CAPITAL
SURPLUS EARNINGS
UNDIVIDED PROFITS
91,500,000
470,090
DIRECTORS:
Rowland G. Haxard,
Royal C. Taft,
Nelson W. Aldrich,
Robert H. L Goddard,
Samuel R. Dorrance,
Geo. W. R. Matte son,
Howard O. Sturges,
William D. Ely,
Robert I. Gamine!!,
Stephen O. Metoalf,
Waiter R. Callender,
William Blimey,
Gilbert A. Phillips,
William B. Weeden,
Edward Holbrook,
Edward D. Pearce,
James E. Sullivan,
Robert Knight.
Benjamin M. Jackson,
John W. Danielson,
John R. lYeeraan,
Herbert J. Wells,
Charles 8. Mellon.
John C. Pegram,
Robert W. Taft.
Lyman B. Gofl,
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. Seo’y.
JOHN E. WILLIAM8, Asst. Sec^r.
HENRY L.SLADER. Asst. 8ec'y.
WALTER G. BROWN, Asst. Sec'y
NEW YORK,
26 Broad Street.
&
BONDS
43
COMPANY,
New York
Drexel
18 8t< 8within'a
Lane, E. C., Cable, “Adorjest
new
The United States Life
issue
4% REQD. GOLD BONDS
Insurance Co.
1956
T. W.
Building,
Philadelphia.
Street, New Vork.
JOHN P. MUNN, M.D.,
Plea for Conservative
Investments
(By Frank W.
Relfina)
The above book will be furnished
without cost on application to
E. H. ROLLLN8 & SONS, 21 Milk
St., Boston.
President.
CHICAGO
BALTIMORE
1st Nat. Bank
Continental Building.
Bldg.
Finance Committee
RAILROAD
BONDS.
MUNICIPAL AND
APPLICATION.
CINCINNATI.
a
Issues Qauranteed Contracts
STEPHENS & CO.,
& MAYER,
Financial Courtship SEAS0NG00D
Mercantile Library Building,
Or
1907
1800
NEW YORK CITY
USX' ON
A
Bldg.
LONDON, ENGLAND,
■
2 Wall
INVESTMENT,
Exchange Place,
Hibernia Bank
IN THE CITY OF NEW YORK
{New York Stock Exchange,
j Philadelphia gtoek Sxchtaige.
FOR
NEW ORLEANS,
FRANCISCO,
787 Market Stfeet.
Monadnock Block.
MATURINQ NOV
BANKERS,
Member*
SAH
CHICAGO,
financial.
ERVIN
Exchange Building,
Broad
INVESTMENT BONDS
Lists upon
Denison &
request.
Farnsworth,
BOSTON
CLEVELAND and PHILADELPHIA.
Leather
JAMES R. PLUM
CLARENCE H. KELSEY. Pres. HUs Ossr. A Tr.Oo.
WM. H.
PORTER
Pit*. Chemical National Bank
Good men, whether experienced In life Insurance
not, may make direct contracts with this Com¬
pany, for a limited territory If desired,and secure
for themselves. In addition to first year’s commis¬
sion, a renewal interest Insuring an income for the
or
future.
No. 277
Address the Company at its Home Office,
Broadway New York City.
OR
WITHOUT
with steel-plate borders, or lithographed, or part¬
ly printed from type. If the latter, then can be
BONDS
WITH
coupons
DELIVERED IN FEW DAYS
Certificates engraved In best manner, or
lithographed and partly printed
ALBEET B. KINO St
Dartly
GO., 206 Broadway, N. Y.
June 8
XVII
THE CHRONICLE
1907.]
Trust
©ompauies.
Capital and
Surplus
BANKCRS TRUST
COMPANY,
Title guarantee
andTRUST COMPANY
176 Broadway, New Yoric.
175 Rem sen Street, Brooklyn.
198
New York.
7 Wall Street,
Surplus $500,000
Capital $ 1,000,000
Profits, $828,069
Undivided
STEPHEN BAKER,
Pres. Chase Nat. Bank,
Pres. Bank of the Manhattan
Co., New York.
EDWARD F. SWINNEY,
Pres. 1st Nat. B’k, Kansas City.
HEPBURN,
N. Y.
EDWIN M. BULKLEY,
Spencer Trask St Co., Bankers,
Vioe-Pres. Nat. Park Bank.
Pres. Mechanics’ Nat. B’k, N. Y
New York.
JAME8 G. CANNON,
Blair St Co.,
Vioe-Pres. Fourth Nat. Bk. N Y
Pres.Importeis’ & Traders’ Nat.
Bank, N. Y.
J. P. Morgan St Co.,
President.
ALBERT H. WIGGIN,
Pres. Chemical Nat. Bank, N. Y.
N.Y
DANIEL G. REID,
WALTER E. FREW,
Vioe-Pres.Corn Exch. Ba., N.
Bank
SAMUEL WOOLVERTON,
Pres. Gallatin Nat. Bank,
EDWARD F. C.
J. F.
N.Y.
as
THOMPSON
T. W. LAMONT
to VICU-FB18IDIXT
OFFIRFD«
wTrlvLIlOi
VICB-PRI8IDXNT
E. C. CONVERSE
D, E. POMEROY
B. STRONG JR.
PRX8IDKNT
TRIASTTOXB
Does all Trust
cheek, allowing
Company Business.
In
CLARENCE H. KELSEY. President.
FRANK BAILEY, Vice President.
EDWARD O. STANLEY, Second Vice President.
Manager Banking Department.
CLINTON D. BURDICK Third Vice President.
J. WRAY CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
FRANK
8SCRXTAUT
Charge of Banking Interest*
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MARSTON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB H. 8CHIFF.
JAMES SPEYER.
EDWARD O. STANLEY
YOUNG,
Executor, Administrator and Guardian j Assignee and Receiver i Registrar,
Transfer and Fiscal Agent t and as Trustee for Individuals and corporations.
ALLOWS INTEREST UPON DEPOSITS.
Aete
Bond and Mortgage,
Receives Deposits subject to
Interest.
Pres. 1st Nat. Bank. Jersey City
Vioe-Pres. Liberty Nat. B’k, N.Y.
Y.
Nat.
Vice-Pres. Chase
New York.
B'kers, N.Y.
WILLIAM H. PORTER,
HENRY P. DAVISON
Vice-Pres. First Nat. Bank,
Bankers, New York.
GEO. W. PERKINS,
EDMUND C. CONVERSE,
N.Y.
EDWARD TOWNSEND,
EDGAR L. MARSTON,
on
Mortgages to Investors,
FINANCE COMMITTEE.
GILBERT G. THORNE,
GATES W. McGARRAH,
Dept.
guarantors Real Estate Titles.
Money
Vice-President.
2d Vioe- President.
Y.
Pres. Seaboard Nat. Bank, N
Loans
JOHN F. THOMPSON,
THOMAS W. LAMONT,
SAMUEL G. BAYNE,
Montague Street, Brooklyn Banking
Examines
Furnishes
DIRECTORS.
A. BARTON
$11,000,000
Brooklyn Banking
L. SNIFFEN
Manager
Department.
F. N. B. CLOSE
H. W. DONOVAN
ASSISTANT TRUST OVFICXK
ASSISTANT THJSASUHKR
MANHATTAN
TRUST
STATES
MORTGAGE & TRUST COMPANY
UNITED
55
73nd.St.&B'way
WALL ST.
NASSAU. NEW YORK.
Capital, Sorplua and Undivided Profit*,
8th Ave. & I25th St.
Cedar St.
cor.
CO.,
$3,000,000.
OFFICERS*
ANNOUNCES
The
JOHN L WATERBURY, President
JOHN KEAN,
) Viee.
AMOS TUCK FRENCH, >•
t
opening ON JUNE 1ST of a new Branch
Office in the Bishop Building,
W.N. DUANE,
126th St. & 8th Ave.
•
CAPITAL and SURPLUS.
H Presidents.
The Manhattan Trust Company reoelvea deposits
hearing interest and subject to cheque, buyable
through the New York Clearlag House.
$6,000,000.
DIRECTORS.
Francis R. Appleton.
Robert Baoon.
George F. Baker.
Augnst Belmont.
Walter P. Bliss.
H* W. Cannon.
IllinoisTrust&Savin» s Bank
Capital and Surplus,
-
-
-
a
General
Trust
CORRESPONDENCE
Business.
135
222
Schley.
Rudnlph Ellis,
8. L. Bchoonmaker.
John I. Waterbary
Amos Tuek French
R. T. Wilton.
NSW YORK:
48 Cedar Street
rHIL.ADEL.PHIA.
CHICAGO.
NEW ENGLAND OFFICE*
Eoatea Bide.. IS State Ht.. BOHTON.
Frick Bldg., PITTSBURGH, PA.
AUGUST BBLMONT,
Acting President.
WILLIAM A. NASH,
JOHN J. MITCHELL
GEORGE W. YOUNG.
Ammra
BROADWAY
BRANCH
new York
36
Broadway
The Audit company
of New York,
ORGANIZED 1887.
INVITED
©rust dtompmig at
QpiPH IA L £ RA/N C H
Oliver H. Payna
E. D. Randolph
$11,800,000.
Pays Interest on Time Deposits, Current and Reserve Accounts.
Deals in Investment Securities and Foreign Exchange.
Transacts
John J. Mitchell.
Grant B.
R. J. Cross.
CHICAGO
James J. H11L
John Kean.
WALL
ST.
Vioe-Presidents.
EDWARD T. PEKINE, Gen’l Mgr. and Treat.
F. C. RICHARDSON, Assistant Treasurer.
This Company Audits and Investigates Aoconnts
and makes Physical Examinations of Properties.
Its Certificates and Reports are Prepared in behalf
of Merchants, Bankers, Corporations, Committees
and others. In strict confidence. The Company also
Devises and Installs Money-8avlng Systems of
Keeping Accounts.
PAYS
EXECUTES
ISSUES
INTEREST
TRUSTS
LETTERS
OF
ON
DEPOSITS
EVERY
DESCRIPTION
OF CREDIT
THROUGHOUT THE
PAYABLE
WORLD
William D. Marks, Ph. B.O.E.
Consulting Engineer and Statistician.
GAS WORK8
ELECTRIC LIGHT WORKS,
ELECTRIu RAILWAYS. OIL MoTOlt CARS.
623 Park Row Bldg.
Now York City.
Experienced in Municipal Causes.
[VOL. LXXXIV.
THE CHRONICLE.
XVIII
Trust Companies.
MercantileTrust Co.
50
St. Louis, Mo
St.
Member
Clearing House
Louis
Association
Capital and Surplus, $9,500,000
WM. MAFFITT,
FESTUS J. WADE.
Treasurer
President.
Commenced business Nov.
Capital & Surplus,
Transacts
General Trust and
a
1902
$21,882,734 64
Nov.16,1903 $21,756,471 73
16,1904 $26,608,716 93
$27,292,163 57
Trustee under Railroad and other Mort¬
Agent for the Registering
and Transfer of Stock
Growth
CENTRAL
TRUST COMPANY
ILLINOIS,
CHICAGO,
$2,000,000
900,000
Capital, - - - Surplus and Profits
UHRLAUB, Vice-President.
WILLIAM R. DAWES. Cashier.
D. SKTNNER. Asst. Oa«hler
WILLIAM W. GATES, Aast. Cashier.
A. G. MANG, Secretary.
MALCOLM McDowell, Asst Secretary.
1,.
BANKING,
SAVINGS
AND TRUST
DEPARTMENTS.
Girard Trust Company*
CAPITAL and SURPLUS,$10,000,000.
CHARTERED 1836.
Executor, Administrator, Trustee,
Assignee and Receiver.
Financial Agent for Individuals or
Corporations.
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.
Acts
as
President.
Vice-President.
A. A. JACKSON, 2d Vice-President.
C. J. RHOADS, 3d Vlce-Pres. and Treasurer.
EDWARD S. PAGE. Secretary.
MANAGERS:
C. Hartman Kuhn,
Efningham B. Morris,
James Speyer,
John A. Brown Jr.
Augustus D. Jullllard
Benjamin W. Richards
E. B. MORRIS.
W. N. ELY, 1st
John B. Garrett,
William H. Jenks,
WlUlarn H. Gaw,
Francis I. Gowen,
Geo. H. McFaddcn,
Edward J. Berwlnd,
Randal Morgan,
Edw. T. Stotesbury,
Charles E. Ingersoll,
John Story Jenks Jr.
Henry Tatnall,
Henry B. Coxe Jr.
Issac H. Clothier.
Thos. DeWltt Cuyler,
E. C. Felton.
N. E. Cor. Broad and Chestnut Streets,
PHILADELPHIA.
The Trust Company
of North America
603-606-607 Chestnut St., Philadelphia.
$1,000,000
CAPITAL
ADAM A. STULL, President.
HENRY G. BRENGLE, 1st V ce-Pres. A Treasurer.
JOS. S. CLARK. 2d Vlce-Pres., Superv*g Trust Dept,
t. HAS. P. LINEAWEAVER, Sec. & Asst. Trust Officer
DIRE TORS.
J. Levering Jones,
Henry G. Brengle,
.Malcolm Lloyd,
James Crosby Brown,
John Mcllhenny.
John Cadwalader,
Richard Wain Meire,
E. W. Clark Jr..
Clement B. Newbold,
Eckley B. Coxe Jr.,
John W. Pepper.
Edwin S. Dixon,
Joseph C. Fraley.
Harry C. Francis.
Henry L. Gaw, Jr..
W; liam F. Read,
Frank Samuel,
Adam A. Stull,
Edward D. Toland,
Howard S. Graham.
Joseph R. Walnwright,
Eugene L. Ellison.
William D. Winsor.
Samuel F. Houston.
Acts as
Executor. Trustee.
Registrar. Etc
Becomes Surety
Complete Set of Safe Deposit
Vaults
Interest
on
A GENERAL
BANKING
BUSINESS.
ALLOWS INTEREST ON
DAILY
BALANCES
SUBJECT TO
CHECK.
TRUSTEE
UNDER
MORTGAG¬
REGISTRAR.
ES.
TRANSFER
AGENT.
TRANSACTS
Deposits
Chairman
T. Jefferson Coolidge Jr.,
Gordon Abbott,
Henry S. Howe,
Walter
Oliver Ames.
Hunnewell,
Thomas L.Livermor«^
C. W. Amory,
Charles s. Mellen,
Charles F. Ayer,
George v. L. Meyer,
Samuel Oarr,
Laurence Minot,
B. P. Cheney,
Richard Olnejr,
T. Jefferson Coolidge,
Robert J. Paine, 2d,
diaries E. Cotting,
-
Richard S. Russell.
Livingston Cushing.
George A. Draper.
William F. Draper.
Howard Stockton.
Charles A. Stone,
Wilmot R. Evans.
Frederick P. Fish.
Robert F. Herrick.
Francis L. Higginson,
Galen N. Stone,
Quincy A. Shaw Jr.,
Nathaniel Thayer.
Henry O. Underwood,
W. Seward Webb.
Sidney W. Winslow.
-
-
Philip L. SaltoustallJ
Philip Dexter,
Eben S. Draper,
Nathaniel Thayer,
Lucius Tuttle.
Frederick P. Fish,
Stephen M. Weld,
Reginald Foster,
George P Gardner,
Robert F. Herrick,
Charles W. Whittier.
The NEW ENGLAND
Deposit
Boston Safe
TRUST
AND
BOSTON
Transacts
Safe
and
Trust
Banking Business.
Interest Allowed
on
Trustee
Deposits Subject to Check
Railroad and other
Mortgages and is authorized to act as Executor,
Guardian, Administrator and Trustee.
as
under
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. Administrators.
Assignees.
Guardians, Trustees. Corporations and
individuals.
Also acts as Trustee under Mortgages and as Transfer
Agent and Registrar of Stocks and Bonds.
Interest Allowed on Deposits Subject to Check.
OFFICERS.
DAVID R. WHITNEY, President.
CHARLES H. DALTON, Vice-President
CHARLES F CHOATE. Vice-President.
FRANKLIN HAVEN, Vice-President,
JAMES R. HOOPER, Actuary
HENRY N. MARR, Secretar .
FRED K W. ALLEN. Asst.-ec-ATreas-.
THOMAS E. EATON, Aset. Treasurer.
FRANCIS R. JEWETT. Trust Officer
BOARD OF DIRECTOR j
$1,000,000
2,000,000
Capital - ^ •-* >
Surplus (Earned)
SURPLUS $2,000,000
Deposit Vaults
CAPITAL. $1,000,000
A IASS
General
a
COMPANY,
BOSTON, MASS.
Trust Company
Acts
CHARLES G. DAWES. President.
W. IRVING OSBORNE, Vice-President.
A.
$7,000,000
BOARD OF DIRECTORS:
PHILIP STOCKTON, President.
Charles F. Adams 2d.
George E. Keith,
Orlando H. Alford,
Gardiner M. Lane.
F. Lothrop Ames.
Arthur Lyman,
John S. Bartlett,
Maxwell Norman,
Charles E. Cottlng.
Robert T. Paine 2d.
Alvah Crocker,
Andrew W. Preston.
$27,984,699 63
The Proof of Good 8ervice is Constant
OF
=
Deposits Subject to Check-
on
Henry C. Jackson.
16, 1906,
Capital and Surplus,
Banking Business
as
BOSTON, MASS.
DIRECTORS.
$11,780,418 96
Nov.
OLD COLONY
TRUST CO.
$4,000,000
-
A legal Depositary for Court Funds, and author¬
ized to act as Executor. Guardian. Ad¬
ministrator and Trustee.
$4,429,448 02
16,1905
-
gages; also as
Nov. 16, 1901
Nov.
MASS
BUNKER HILL BRANCH:
$1,667,061 19
Nov.
BOSTON.
City Square. CHARLESTOWN. MASS.
Acts
Nov. 16. 1900
16,
STREET.
Interest Allowed
Nov. 16, 1899
Nov.
STATE
16, 1899
RESOURCRS
CO.
TRUST
CITY
CHARLES E. ROGERSON, President.
JAMES LONGLEY. Vice-President.
WILLIAM C. WILLIAMS, Vlce-Pres’t.
G. E. GOODSPEED Treasurer.
W. I- WHITNEY,
Treasurer.
HENRY A. FENN, Sec. AMgr.Safe D.D’t.
H. D. HEATHFIELD, Assistant Sec.
F. J. BURR AGE, Assistant Secretary.
William Endlcott, Chairman.
Frederick P. Fish,
Walter C. Bayhes.
Morris Gray.
Alfred Bowditch,
Franklin Haven,
Charles F. Choate,
James P.. Hooper.
Alexander Cochrane,
James M. Prendergast,
Edmund D Cod man.
George S. Silsbee.
T. Jefferson Coolidge.
Lawrence M. Stockton,
Charles H. Dalton.
Nathaniel Thayer.
George Dexter,
George Wigglesworth,
Philip Dexter.
David R. Whitnev
William Farnsworth,
Mississippi
Valley Trust Co.
Fourth & Pine
Sts., St. Louis
CAPITAL, SURPLUS
and
]<tQ RQfl Ann
PROFITS]**
FINANCIAL
GENERAL
AND
FIDUCIARY
BUSINESS TRANSACTED
John I. Beggs
Wilbur F. Boyle
Jamas E. Brock
Murray Carleton
Charles Clark
Horatio N. Davis
John D. Davis
DIRECTORS
D. R. Francis
August Gehner
S. E. Hoffman
Chas. H. Huttig
Maryland Trust Co.
BALTIMORE.
R. J. O'Reilly,MD
Henry W. Peters
Clay Pierce
J. Ramsey Jr.
Breckln’ge Jones James E. Smith
DIRECTORS
Joslah L. Blackwell,
Grier Hersh,
Robt. H. Stockton
W. J. McBride
Nelson W. McLeod Julius S. Walsh
Saunders Norvell Rolla Wells
Aug. B. Ewing
$2-000j000
CAPITAL,
H.
Wm. D. Orthweln
OFFICERS
JULIUS S. WALSH. Chairman of the Board
BRECKINRIDQE JONES. President
JOHN D. DAVIS, Vice-President
SAMUEL E. HOFFMAN. Vice-President
JAMES E. BROCK. Secretary
HUGH R. LYLE. Asst. Secretary
HENRY C. IBBOTSON, Asst. Secretary
C. HUNT TURNER Jr.. Asst. Secretary
LOUIS W. FRICKE, Asst. Secretary
FREDERICK VIERLING, Trust Officer
HENRY SEMPLE AMES. Asst. Executive Officer
CHARLES M. POLK. Asst. Trust Officer
WILLIAM G. LACKEY, Bond Officer
WM. McC. MARTIN. Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
GEO. KINGSLAND, Asst. Real Estate Officer
C. W. MORATH, Safe Deposit Officer
G. Clymer Brooke,
11. Carroll Brown,
John W. Castles,
Ernest Hoen Jr.,
George C. .Jenkins,
Joshua Levering,
Joseph R. Foard,
Oscar G. Murray,
Henry F. Shoemaker,
James Speyer,
Douglas M. Wylie.
B. Howell Griswold Jr.,
A. Barton Hepburn,
John T. Hill,
OFFICERS
President
GRIER
HERSH
2d VIee-Prest.
L. S. ZIMMERMAN
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr... Asst. Treasure
IVAN SKINNER
Asst. Secretary
NOW READY.
Wisconsin Trust
Co,
FINANCIAL REVIEW,
MILWAUKEE.
Capita1,
Surplus,
Transacts
-
a
-
=
«
-
$500,000
100,000
1907 ISSUE.
*
Genci’ai *5ru3t Co. Business.
Buys and Sells
High Grade Investment Bonds.
OFFICERS.
OLIVER Cv FULLER, President.
FREDERICK HASTEN, Vice-President.
GARDNER F. S^TGKNEY. Treasurer.
FREDSECT. Secretarv
K, L, SMITH, Ass t Secretary
320 Pages.
,
A
yearly book of statistics covering a
of years’ crop figures, money
rates, range of prices for securities, &c.
series
PRICE, TWO DOLLARS.
Commercial & Financial Chronicle,
763^ Pine Street, New York.
June 8 1907.
xix
THE CHRONICLE
<£)Ott0U.
WOODWARD, BALDWIN & CO.
43 and 45 Worth
SELLING
Street, New York.
AGENTS FOR THE
Franklin Mills,
Pickens Mill,
The Carolina Mills,
Piedmont
Mfg. Co.,
Loray Mills,
Enterprise Mfg. Co.,
Anderson Cotton Mills,
Greenwood Cotton Mills,
Victor Mfg. Co.,
F. W. Poe Mfg. Co.,
Saxon Mills,
Bamberg Cotton Mills,
Glenwood Cotton Mills,
Brogon Cotton Mills,
Ninety=six Cotton Mills,
Hermitage Cotton Mills,
McComb City Cotton Mills,
Orr Cotton Mills,
Easley Cotton Mills,
Brandon Cotton Mills,
Monaghan Mills,
Woodruff Cotton Mills,
Fairfield Cotton Mills,
Williamston Mills,
Chiquola Mfg. Co.,
Toxaway Mills,
The Cheswell Cotton
MillJCo
SHEETINGS, SHIRTINGS, DRILLS, FINE CLOTHS, OUTING CLOTHS.
WARREN MFC. CO.
SAVAGE MFG. CO-
DUCKS, 22 to 120 inches, different weights.
H.
J. FARBER, DREWRY & COMPANY
Dry Goods Commission Merchants
207 W. Lombard Street
58 Leonard Street
BALTIMORE
NEW YORK
SELLING AGENTS OF
Manchester Cotton Mills
Nokomis Cotton Mills
Lexington Mtg. Co.
Palmetto Cotton Mills
Valley Falls Mfg. Co.
Middleburg Mills
Saxe-Gotha Mills
JAMES TALCOTT
Banker and Commission Merchant
Manufacturers' and other Aooounts
Solicited and Financed
SALES CASHEL
Equitable Interest AUowed on Deposits
108-110 Franklin St., NEW YORK
O^TLIZDsT & CO.
Cottonsfor the Home,
PHILADELPHIA
CHICAGO
Manufacturing& Export Trades.
FLORENCE MILLS
APPLETON CO.
Sheetings aud Drills.
Sheetings, Domets and Flannellettes.
The American Mfg. Co.
NEW YORK
BOSTON
SARATOGA VICTORY MFG. CO.
AMERICAN SPINNING CO.
Gray goods for converting.
White Sheetings and Shirtings.
MANILA 8ISAL AND JUTE
HENRIETTA MILLS
CORDAGE.
65
Wall
8treet,
New
Sheetings and Drills.
York. H08E AND BELTING DUCK
COTTON YARNS: All numbers
Whiting Papers
GUNN, RICHARDS <fc CO.
PUBLIC
43
EXCHANGE
ACCOUNTANTS
PLACE, NEW YORK CITY
For Fine Correspondence
and for General Business Usee are
standard, made in Ledger, Bond,
Writing in variety.
Linen and Fine
Also at CHICAGO—First National Bank
Building.
MONTREAL—Bank of Ottawa
BOSTON—50 Congress Stree „
WHITING
Building.
New York.
I
PAPER CO.,
Philadelphia.
Chicago.
Mill*i Holyoke, Kins*.
[VOL. LXXX1V.
THE CHRONICLE
XX
Cott a a
THEODORE H. PRICE
BEAVER STREET,
82
Cable Address,
NEW YORK
Hazyprice, New York
Cotton
to exchange information and opinion
with reference to condition of crop, prospective mill
Shall be
pleased
consumption,
transit,
as
demand, stock in storage and in
any auxiliary features of the industry.
export
well
as
INMAN
“IT MICIIT INTEREST TOE
to know that the total maintenance expense
of parts for our entire plant of 3,000 switches for
Cotton
eighteen months has been $10 24,” writes Supt. J. A. Duncan of the Sioux. City Tele¬
phone Company, Sioux City, Iowa.
(This company operates our AUTOMATIC TELEPHONE
the past
AND
Cotton
would
same
merchants,
AUGUSTA, GA..
SYSTEM.)
“A LIKE SEW
CO.,
&
Exchange Building, NEW YORK.
141 Milk Street, BOSTON,
perhaps take care of the repair cost on operators’ chairs In a manual exchange of the
size,” adds Mr. Duncan.
(We’ll be glad to send you a copy of his letter If you’d like
MASS.
INMAN & CO
Bremen Correspondents.
to see It.)
IT OCCURS TO I S
that the
one
of 3,000 lines would amount
That Is fifteen times the cost of all repair parts on the
W. R. CRAIG &
Item of switchboard cords alone for a manual exchange
to at least SI50 In
eighteen months.
Lord’s Court
H7 William Street.
Cotton
THAT IS ONLY O^E
the
many
economies of the AUTOMATIC SYSTEM.
These economics all help to swell
And the AUTOMATIC, being the best service, commands the highest rates.
Low production cost plus high selling price equals big dividends.
That Is what led to the adoption
of the AUTOMATIC TELEPHONE SYSTEM In the following cities:—
the
profits.
Aberdeen 8. D.
Akron, Ohio.
Allentown, Pa.
Auburn, Me.
Auburn, N. Y.
Battle Creek Mich.
Beaver Falls, Pa.
Bellingham
El Paso, Texas.
Emaus, Pa.
Fall River, Mass.
Grand Rapids Mich.
Medford, Wls.
Banta Monica, Cal.
Miamisburg Ohio.
Mt. Olive, Ill.
Saskatoon, Saak.
Hastings, Nebr.
Oakland, Cal.
Ocean Park Cal.
Omaha. Nebr.
Pentwater. Mich.
Portland, Me.
Portland, Ore.
Princeton. N. J.
Richmond, Ind.
Riverside, Cal.
Rochester, Pa.
Rushville. Ind.
San Diego, Cal.
San Francisco, Cal.
Havana, Cuba.
Hazleton, Pa.
Holland, Mich.
Hopkinsville. Ky.
Jonesboro, Ark.
Lake Benton, Minn.
Wash.
Butte. Mont.
Cadillac, Mich.
Champaign, Ill.
Chicago, Ill.
Lewiston, Me.
Lincoln, Nebr.
Cleburne, Texas.
Columbus, Ga.
Columbus, Ohio.
Dayton, Ohio.
Denver Oolo.
Los
Angeles, Cal.
Manchester, Iowa.
Marianao. Cuba
Marion, Ind.
New Bedford, Mail,
Tacoma. Wash
Toronto, Junction, Can.
Traverse
&
SMITH,
Wall Street.
Members of the New York Stock Exchange.
Geo. H. McFadden &
COTTON
MERCHANTS,
Can.
FOR
ANNUAL
LEHMAN BROS., New
U. 8. A
Bro.,
NEW YORK.
COTTON FACTORS and
MERCHANTS,
C0MM1SS0N
New Orleans.
New Orleans
Chapman, Setter & Allen,
Cotton Exchange
Bremen Correspondents:
Havre Correspondents:
Societe D’Lmportation et de Commission
M. Weld & Co.,
Stephen
COTTON MERCHANTS,
Street,
-
Boston Correspondents, S.
State St., Boston, Mass.
New York City.
M. Weld & Co., 89
Liverpool Correspondents, Weld & Co.
Bremen Correspondents, Albrecht, Weld & Co.
ACREAGE
«EE EDITORIAL PAGES.
llldg., New York.
Members of N. Y. and New Orlean Cotton Exchanges
and Liverpool Cotton Association.
82-92 Beaver
FREDERIC ZEREGA & CO.
COTTON
York.
COTTON BROKERS,
Liverpool Correspondents:
.
ASSOCIATION
above Exchanges
Consignments
Liberal advances made ou Cotton consignments.
MCFADDEN BROTHERS & CO.
Bonds, Stocks, Cotton, Grain.
ILJVERPOOL COTTON
Future Delivery Orders Executed on
Libera] Advances Made on Cot-ton
Orders lor future delivery executed in
New York and Liverpool.
CO.,
PHILADELPHIA.
1 Nassau Street, corner
City, Mich.
CHICAGO
Successors to HAVEN & CLEMENT,
Members < NEW ORLEANS COTTON EXCHANGE
NEW YORK COFFEE EXCHANGE
Urbana, Illinois.
Van Wert. Ohio.
Walla Walla. Wash.
Wausau Wls.
Westerly, R. I.
Wilmington. Del.
Woodstock, N. B.
Merchants.
Lehman, Stern & Co.,Ltd*
Spokane, Wash.
Springfield. Mo.8t. Mary's, Ohio.
Morgan Streets
CLEMENT
NEW YORK
(NEW YORK COTTON EXCHANGE
Can.
Sioux City Iowa.
South Bend. Ind.
AUTOMATIC ELECTRIC
Van Buren and
-
Tel. No. 161S Broad.
Sioux City automatic exchange.
of
CO.,
Building,
REPORT
XXI
THE CHRONICLE
1907.j
June 8
(Cotton.
GEO
J.S. BACHE&CO.,
JONES & SHUTT,
Letters of Credit and
Travelers’ Checks
Available in all Parts
of the World.
42
Broadway,
Private Wires to
GEO. M. SHUTT.
F. JONES.
Cotton Brokers,
NEW YORK.
•
all Important Points.
71 WALL
NEW YORK CITY.
STREET,
COTTON
Stocks, Bonds, Grain, Coffee.
Special attention given to
orders for Purchase and Sale
Delivery.
of Cotton for Future
WOODWARD
STILLMAN,
&
COTTON
16 to
MERCHANTS
56 BEAVER STREET,
STREET.
22 WILLIAM
& CO.
ROBERT MOORE
NEW YORK.
NEW YORK.
EGYPTIAN AND AMERICAN COTTON OF ALL
GRADES SUITABLE TO WANTS OF 8PINNER8.
Executed in New York
Liverpool Exchanges
Orders For Future Delivery
and
Hopkins, Dwight & Co.,
COTTON,
COTTON
and
COTTON-SEED OIL.
PURCHASED FOR SPINNERS’ USE.
COMMISSION MERCHANTS.
Room S'A
Cotton Exchange
Lehman, Stern & Co.
Building,
VOItK.
NEW
Limited, New Orleans, La.
Gr& Co.,
LEHMAN BROS.,
Nos. 16-22
William Street. New York.
Member* of the Stock, Cotton,
and Produce Exchanges, New
Coffee
York.
Orders executed on the above Exchanges. as well
New Orleans, Chicago and foreign markets.
COTTON MERCHANTS,
in
NEW YORK
49 Cotton Exchange,
Siegfr. Gruner & Co.,
MERCHANTS
COTTON
Street,
17 South William
YORK.
NEW
Mason
Smith & Co.,
NEW YORK
NEW ORLEANS, LA.
MEMPHIS, TENN.
Exchange Building,
Cotton
COTTON COMMISSION MERCHANTS,
DALLAS, TEX.
Buyer* of Spot Cotton. Orders for Contracts
cuted tn the New Orleans, New York,
Liverpool and Havre Markets.
Exe¬
.
Members
fNEW YORK COTTON EXCHANGE
|NEW ORLEANS COTTON EXCHANGE
A LIVERPOOL COTTON ASvSOCIATION
of|NEW
YORK COFFEE
I NEW YORK
& HAYNE,
Frank B. Hayns (In Commendam
Cotton Brokers,
Orders for “FUTURES"
)
BUILDING,
NEW ORLEANS, LA.
FOR FUTURE DELIVERY EXECUTED
EXCHANGE
PRODUCE EXCHANGE
ICHICAGO BOARD OF
SMITH
Co.,
Mohr, Hanemann
Executed
TRADE
on
above Exchanges
COTTON EXCHANGE
ORDERS
IN NEW
ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
TT
R. H. ROUNTREE & CO.,
Commission Merchants.
Cotton, Grain, Provisions and
COTTON EXCHANGE
Coffee.
C. Morgan Abrams.
&c IB.
P.Quentell.
R R. Coats.
BUILDING,
Theodore H Price,
Quentell, Coats & Co.,
BEER,
NEW ORLEANS.
325 Baronne Street,
MEMBERS OF
NEW YORK.
Wm.
J. William BarkdulL
Established 1872.
Henry Beer.
Edgar H. Bright.
York Cotton Exchange,
York Coffee Exchange,
York Produce Exchange,
Chicago Board of Trade.
New
New Orleans Cotton Exchange,
New
New Orleans Board of Trade,
New Orleans Future Brokers’ Association,
New
New York Stock Exchange,
Liverpool Cotton Association.
COTTON BROKERS,
82 Beaver (Street,
New York
Members N.Y. Cotton Exchange
Associate Members Liverpool Cotton Association.
FOR.
ANNUAL
PRIVATE WIRES TO
COTTON
SHE
PRINCIPAL POINTS.
ACREAGE RE FORT
EDITORIAL PAGES.
XXII
THE CHBONICLE,
[VOL.
LXXXIV.
©0lt0tt.
GEO. H.
McFADDEN
&
BRO.
Dick Brothers & Co*,
COTTON MERCHANTS
121 Chestnut Street,
3 South William Street,
30 Broad Street,
PHILADELPHIA.
-
NEW YORK
NEW YORK.
-
-
Selling Agencies:
MEMBERS:
New York Stock
FOR NEW ENGLAND AND CANADA.
BOSTON:
70
Kilby Street.
PROVIDENCE:
FALL RIVER:
MONTREAL:
New
6
Washington Row.
25-28 Archer Building.
NEW BEDFORD:
Liverpool Cotton Association
Philadelphia Stock Exchange
29 N. Water St.
New York Coffee
Exchange
Chicago Board of Trade
87 St. Francois Xavier Street.
FOR SOUTHERN MILLS.
BRANCH OFFICES
SPARTANBURG, S. C.
CHARLOTTE, N. C.
AUGUSTA, GA.
PHILADELPHIA
FREDERIC ZEREGA &
^ORDERS EXECUTED IN ALL
CO., M. B. H., Bremen.
SOCIETE D’IMPORTATION ET DE
MARKETS.
COMMISSION, Havre.
CO., Alexandria.
M. T. MAINE JR.
W. S. RAY.
OTTO C. 8TEINHAUSER
WILLIAM RAY &
SUCCESSORS TO GEO. COPELAND &
COTTON
4t Cotton
NEW HAVEN
PRIVATE WIRES TO ALL
PRINCIPAL CITIES
CO., Liverpool.
McFADDEN BROTHERS &
WILLIAM RAY.
BOSTON
NEW LONDON
Foreign Correspondents:
F. C. BAINES &
Exchange
Exchange
Orleans Cotton Exchange
New York Cotton
CO.,
CO.,
BROKERS,
Exchange
...
TELEPHONE
Hubbard Bros. & Co.
COTTON MERCHANTS
NEW YORK
YORK COTTON EXCHANGE
nntiYiat«^LlVERPOOL
227 BROAD
Orders for Future
New York and
COTTON ASSOCIATION
Delivery Contracts executed
Liverpool Cotton Exchanges
Coffee
Exchange Bldg., New York
on
MEMBERS OF
New York Cotton
New
Orleans
Exchange,
Cotton
Exchange,
Associate members Liverpool Cotton Associa’n.
ESTABLISHED
IN
1856.
Orders
BCexYX'y ZECextUz & Go.
COMMISSION
16
to
22
William
Street, New York.
VAN LEER & COMPANY
Delivery
Cotton
AMERICAN
Liverpool and New Orleans Cotton Exchanges. Also orders for
York
Coffee
FOR
Shepperson’s Cipher Codes of 1878 and 1881 used
Cable Address,
Exchange and the Chicago Board of Trade.
ANNUAL
COTTON
SEE EDITORIAL
PERUVIAN
MEMBERS OF THE NEW YORK
COTTON EXCHANGE
Exchange, and
Grain and Provisions
At the New York Produce
COTTON
241 Chestnut St., PHILADELPHIA
Co tYee
At the New
o
delivery.
MERCHANTS,
Execute Orders for Future
At tlie New York,
solicited for the purchase and sale
cotton for future
ACREAGE
PAGES.
"Vancotton”
CONSIGNMENTS SOLICITED
REPORT
June 8
1907.J
THE CHRONICLE.
©otton.
Weld &
HOUSTON, TEXAS.
Neville,
82-92 Beaver St, New York
COTTON MERCHANTS.
REPRESENTED IN
LIVERPOOL, ENGLAND, by WELD A CO.,
BREMEN, GERMANY, by ALBRECHT, WELD A CO.
Special Attention Given to Execution of
Spinners’ Orders.
XXIII
THE CHRONICLE.
xxiy
[VOL.
(Cotton.
LATHAM, ALEXANDER
&
COMPANY,
Bankers
AND
COTTON COMMISSION MERCHANTS,
Nos. \6 and
18 Wall
Street,
cf
NEW YORK.
CONDUCT A GENERAL BANKING BUSINESS.
Accounts of
on
Banks, Bankers, Merchants and Individuals received
favorable terms,
and Interest allowed
on
Daily
Balances, subject to check at sight.
Contracts
for
Cotton for Future
and Sold
on
Delivery Bought
Commission.
LXXXIV.
@FedFRASER