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inanria:
INCLUDING
Bank and Quotation Section
and City Section (semi-Anmaiiy)
Times
Street Railway Section Three
Yearly
)
State
(Monthly)
Railway and Industrial Section (Quarterly)
(
in the ollice of Librarian of Consress, Washington, D. V,
York, as second-class matter— V/illiam B. Dana Company, Publishers, 7iii4 Pine St., N. Y.
Entered aocordins to Act of Conj^ress, in the year 1905, by William B.
A
TTTT""
weetlr newspaper entered at Post
Office,
New
Daxa Company,
'
'
.
VOL.
.
SATURDAY, MARCH
80.
NO.
1905.
18,
March
Week, ending
Clearings at
—
1905.
1904.
inc. or
2073.
11.
1903.
Dec
»
1902.
PUBLISHED WEEKLY.
Terms
of Subscription
—Payable
Advance
in
For One Year
For Six Months
Enropean Subscription (includins; postage)
European Subscription Six Months (including postage)
$10 00
6 00
13 00
7 50
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
£2
Subscription includes following Sections—
(monthly)
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BANK AND Quotation
EailwAT AND
14s.
£.1 lis.
I
Advertising
of
(
Standino- Business
Bn<imp<;<i cards
Oards
btanmng
—Per
Two Months
J Three Months
^ g^^ Months
(
Space
Incli
Twelve Months
(8 times)
(13 times)
(26 times)
(52 times)
NEW
9.'S8.
Week Endim March
1905.
18.
New York
Boston
Philadelphia.
Baltimore
Chicago
St. Louis
New Orleans
.
New England.
5 days
Iday
Total aU cities for week
Detroit
Columbus
Indianapolis
Peoria
Toledo
Akron
Spriuglield,
111
Youngstown
Kal amazoo
YORK..
Lexington
Canton
Rockf ord
Springtield,
Bloomington
Qumcy
1904.
P. Cent.
Decatur
Mansfield
Jacksonville
Jackson
Ann Arbor
Fort
Wayne
South Bend
Total Mid. Western
Portland
^920,694,742
97,072,501
85,279,684
19,182,145
138,152,903
47.055.628
17,174,725
+84-6
+29-7
+23-8
+18-9
+43-4
+18-7
—5-5
52.221,153,434
318.002,417
$1,324,612,328
274,968,728
+67-7
+15-6
12,539,155.851
492,108,962
$1,599,581,056
818,969,493
+58-S
+54-3
S3,03 1,264,813
$1,918,580,549
+580 Sioux
Spokane
Tacoma
Helena
Fargo
Sioux B'alls
Total Pacific
Minneapolis
..
Omaha
St.
St.
Paul
Joseph.
Denver
Des Moines
City
Topeka
Davenport
Wichita
Colorado Springs
Cedar Rapids
Fremont
Pueblo
Total other West'm
Louis
New Orleans
St.
Louisville
Houston
Galveston
Richmond
Savannah
Memphis
Atlanta
Nashville
Outside of JSTew York the increase over 1904 Norfolk
Augusta
Week endinq March
Clearings atr—
1905.
Worth
Birmingham
1904.
Inc. or
Dec.
11.
1903.
Rock.
Knoxville
Charleston
Little
1902.
Macon
Chattanooga
,731,482.438
Buffalo
Washington
Albany
Wheeling
Binghamton
Greensburg
122,725,176
43,483,409
26,686.415
6,298.796
5,.589.614
Rochester
Scranton
Syracuse
Wilmins'ton
Wilkes Barre„..
....
Chester
Erie
Reading
Franklin, Pa....
Total Middle.
40(i,00()
+6-2
972,()53
50-1.051
437,203
430.26(i
4-5-3
4-3 7
505.951
359.059
133,852,289
6,717.400
2,793,545
1,600.973
1.515,372
1.514,037
1.256.986
1,113,894
496.854
588,744
397.673
158,101 778
127,859,599
-1-237
145.051,530
151,817,677
191,883,409
23,299,400
171,923,756
20,979.100
12,831,686
8.714.868
7.904,677
5,475,738
4,487,160
2.966,634
3,928.547
-l-U-3
173.758,180
22,977,200
15,032,050
9,785,964
7.397,060
5,049,857
4,599, KjU
2,572,006
4,061,4 '.9
165,650,833
20,464,400
14,399.253
9,436,000
5,928,691
4.374,003
3,894,850
8.584.462
3.691.607
3,088,137
1,475,653
1,117,704
975,708
85v;,579
805,030
428.000
964,162,662
90,889,899
85,432,813
21,482,125
5,576,455
8,994,316
2.8M6,756
2.058,261
1. 447,45s
1,051,499
1,042.276
738,814
614,831
373.8(11)
376.9(36
881,535
435.955
520,821
916,931
210,170
405,472
886,491
202.681
878,491)
1,951,167,101 1,134,009,646
79-6 1,492,626,411 1,345,294.303
350 106,725,833 107,822.618
+ii2-7
45,647,265
40.162.344
24-2
23,064,442
23,18:^,388
12-9
5,90.i,741
5.015,500
- -40-0
8,985,261
3.930,963
--27-9
3,188,589
3.240,854
50-0
2,350.8S4
2,701,295
1,529,978
1,519,400
fl-9
l,411.79fi
1,173,033
—6-4
953433
1,092,391
840,793
711,919
-fl5-4
784,117
674,049
-f-311
875,500
+ 14-5
456,100
—VZ
344,831
592,064
+15-2
297,048
829,778
+11-8
507,682
Jacksonville
Columbus, Qa
Total Southern
Total all
Outside New York.
+33-8
-1-5.5'
-fl6-S
-t-489
+12 4
126,918.564
6,833,800
2,818,103
1,716,469
1,554,513
1553,209
1,205,658
-22 8
+72-0 1.690.885,285 1,537.556,894
275,478,382
1,7.38,299
2,229,051
1,084,327
643,500
807,228
613,831
680,780
743,947
495,175
593,892
348,993
462,520
460,921
293.512
195,844
247,671
191,776
99.828
250,703,091
26,116,832
7,080,987
3.9.:>8
320
2,109,549
3,4Vf
1,454
2.163,886
2.069,012
598.426
525,370
291,953
48,405,245
24.246.862
15.006,900
9,793,616
6,185,519
5.355,024
5,814,791
2,947,119
1,894,717
1,158,785
1,151,767
21,715,282
13,677,196
7,724,255
5,245,985
5.524.730
4,068,803
2,655,956
1,195,748
715,073
1,151,240
1,032,628
510,768
469.727
238,209
563,555
472,074
326,787
855,601
+5-1
15-7
+—5-6
—04
+10-3
+7-6
-58
+13-6
Not
1,580,151
1,609.129
1,075,897
750,000
—268
+14-9
—25-3
+14-2
877,600
751,836
685.868
762.302
535,052
625.152
532,630
484,411
582,296
273,807
-78
+17-2
23 8
58-0
13-8
26-
+19+3-2
+15-9
73-9
186,.i91
41
273,486
195,194
84,217
1
17-6
-1-65-3
Not Incluiie din
Not include d in
64,882,402
1,158617
+111
to tal.
to tal.
+9-9
37-
257,050,371
8,726.584:
1,390,522
1,436,810
777,152
596,000
694,610
539.073
471693
651,050
429,468
563,673
347,480
313,353
812,357
236,544
157,422
197,281
185,125
77,919
240,316,712
+25-0
27,770,069
5,934,054
3,800,963
2,950,780
3,998,001
1,984,984
2,031,382
550,987
470.923
248.365
26,752,226
4,934,342
3.478,798
3,945,902
2,944,153
1.350.000
1,298,247
544,927
459,700
275,026
-l-ol-O
49,746,508
45,988,321
18,515,189
13,166,015
8,483,048
6,276,447
5,412,270
4.233,548
8,045.989
1,668,530
1,351,2«6
961,744
865.156
571.725
19,143,343
13.340,883
7,313 155
3,359,099
5,475,365
4,599,796
2,370,004
1,775,372
1,407,773
962,151
595,858
700,000
183,653
189,063
32 8
23 8
15-9
+52-5
+16-9
4-31-2
4-28-2
—10 4
4-14-1
+26-8
+179
—8-1
+4-3
+110
--58-5
--02
--0 05
--12-2
--103
+0-5
-F37-2
include din to fal.
76,676,133
65,925,100
+16-3
64,725,160
63,231,861
56.410,524
16,258,545
11,582,758
7,589,634
5.700.000
4.786.815
2.749,186
5,124,681
8,490,316
3,251,853
1,843,921
1,345,055
2,978,889
1,309,471
997,968
1,166,159
1,122.265
552,914
868,605
1,222,309
205,884
58,3.54,602
-33
49,233.359
15,137,252
10,986,808
6.905.014
3,992,500
4,017,801
3,686.800
4,081,656
3,009,783
2,435,390
1,663.989
1,443,115
1,473.671
1.234.746
48.619,769
12,770,933
8,839,606
6,237.497
3,393,000
4,826,035
2,614,095
3,697,010
2,440,367
1,662,336
1,436,378
1.118.679
180,457.252
130,809,759
19,472,228
9,960,149
5,795 875
4,681.500
4,585.848
2,933,695
6,580,678
8.121,523
2,595,310
1,574,381
1,528.328
1,624,524
1,437.225
1,197,348
1,142,671
1,225.428
973,000
797,781
918,611
809,004
2.656,766,051 1,757.772,460
925,283,618
793,609,776
26,315.313
19,176.680
5.475,598
1.729.692
2,003,797
1,470.408
1,478,914
1,194,373
1,023,285
1,042,842
621,317
17,128,177
14,060,410
4,487,248
1.606,450
1,819,655
1,340,307
1.133,271
973,770
930,641
746.937
61,532,219
44,824,631
-16-5
+163
+301
4-21-8
+3-3
-0-8
-22-1
+118
4-25-3
4-17 1
-12-0
+83-4
-8-9
-16-7
+2-1
-8-4
-43-2
1,067,841
884,544
1,216.024
934,000
652,577
459,260
1,2'24.578
975,705
952,600
661,737
726,000
+8-9
555,322
+33-1
422,830
—33-5
-0-3 114,516,080 103,173,517
+51-1 2.821,974,907 -2,t42,079.9S2
+16-6 829,348.496 790.785,079
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
CJuebec
.
V ancouver
Hamilton
St.
John.
London
+i;-7
922 4(52
565,952
797,818
916,075
782,765
675,478
441,829
653,613
475,529
340,296
340,529
349,420
225,623
164,983
677,951
321,156
9,402,803
4,902,997
2,445,284
5,325,978
2,530 090
2,714,560
767,815
470,639
364,899
Fort
Pittsburgh
Baltimore
-f23-7
4-19-7
35,957.2'
Seattle
Salt Lake City
$1,699,069,839
125,938,053
105,518,222
22,812,697
198,053,001
53,501,726
16,235,896
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, March 11, and the results for the corresponding
week in 1904, 1903 and 1902 are also given. Contrasted with
the week of 1804 the total for the whole country shows a gain
Philadelphia....
111.579,224
6,090,700
2,797,201
1,716,334
1,294,994
927.368
1.842 405
837,913
7,521,618
5,455.829
4,947,200
3,191.863
3,701,987
1,975,277
1,631,104
1.245,844
481,000
Bvansville
week covered by the above will be
given nest Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in aU cases estimated, as we go to press Friday night.
of 51'1 per cent.
is 16"6 per cent.
Milwaukee
Grand Rapids
Dayton
details for the
New York
138.019,752
7,292,700
3.744,622
2,061,713
1,511,767
1,380,294
1,509,609
646,618
481,121
460,222
446,360
12,959,9.55
10,08l,.529
liansas City
Seven cities, 5 days
Other cities, 5 days
The fuU
Total
—
San Francisco
Los Angeles
Clearings— Returns uy lelegraph.
All cities,
Holyoke
00
29 00
50 00
87 00
2'2
The following table, made up by telegrapli, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, March 18, have
been $3,031,264,813, against $3,656,766,051 last week and
$1,918,560,549 the corresponding week last year.
all cities,
Portland
Fall River
Lowell
New Bedford
$4 20
CLEARING HOUSE RETURNS.
Total
Worcester
Cleveland
OF:^ ICE— Pliny Bartlett, 513 Monadnock Block.
OFFICE—Edwards & Smith, 1 Drapers' Gardens, E. 0.
Box
Office
Sprinafleld
Cincinnati
TVIlHiIAIVI B. BANA COMPANY, Publishers,
Pine Street, Corner ol Pearl Street,
Post
New Haven
Chicago
Transient matter per inch space (14 agate lines)
LONDON
...
|
Terms
CHICAGO
Boston
Providence
Hartford
Victoria
Total Canada
597.82(J
+53-6
4-36-4
4-22-0
23.485,085
17,378,918
4,082.785
20,900,853
15.924,208
+7-7
+10-1
+9-7
+30-5
1.80i),164
1.825.189
1,425,464
981,874
1,632.080
1.786.820
1,014,460
4-22-7
+10-0
4-39-6
+3-9
+37-3
059,900
&39.230
808,661
592 473
54.179,693
2,909,2;t4
804,815
768,115
6(i4,051
418,480
46,822,626
THE CHRONICLE.
1078
sumption
THE FINANCIAL SITUATION.
is
[Vol. LxxXt
March and April
that the
are likely to be
more
foreign trade totals
favorable.
There have been several developments this week,
Call
An encouraging feature the situation is that current
£orae of them affecting the markets unfavorably.
money went up to 4 per cent Wednesday and touched returns of railroad earnings are again showing pretty genThe advance had eral increases. During February the returns were so
the same figure again on Thursday.
m
been wholly unexpected and hence had a decidedly un- uniformly unfavorable
settling effect.
IS'o
special count
of the
probably have been taken had not the
incident would
idea of uninter-
rupted ease in money been so generally believed in and
been the basis of large stock ventures by the speculating
The cause
class.
tor the
advance has been in the main
—
at least in the case of the roads
which furnish weekly statements
— that not a few persons
For the first week of February our compilations showed only a nominal gain; for
the second week there was a loss of 7 per cent
for the
2-38
third week a loss of
per cent, and for the fourth week
6*30
per
cent.
For the full month of February
a loss of
the comparison was somewhat better (the table covering
feared a general setback.
;
the maturing of the last call for the payment into the
Sub-Treasury by the depositary banks of public moneys
under the notification of JSToveuiber 18 1904, when a larger number of roads), but even in that case there
Secretary Shaw issued a general call on the national was a decrease of 2-81 per cent. To be sure, these figures
banks of the country for 25 per cent of their Govern- in all instances covered simply the roads which furnish
ment deposits 10 per cent to be paid on or before Jan- early estimates and therefore did not embrace some importuary 15 1905 and 15 per cent on or before March 15 ant large roads like the Pennsylvania which at present are
—
We
1905.
may assume
depositary in-
that the interior
handling an exceptional volume of tonnage by reason of
have been transferring their portion of this the prosperity of the iron and steel industry and the
I^fevertheless the fact that the
requisition to our city banks during recent weeks, and activity of general trade.
that in some measure this explains the free movement of roads remote from the manufacturing districts were
currency to this centre during that period. There was showing diminished revenues was not considered altostitutions
another but a smaller
which of
institutions
degree to
the
sudden
draught on our Clearing-House gether assuring.
course
contributed
spurt in money;
we
in
a small
refer to the
hibits are
Hence
the circumstance that
We
ex-
is
viewed with much
furnish to-day on
a subsequent page
now again improving
satisfaction.
the
payment into the Sub-Treasury of $2,675,000 on account our summary of the earnings for the first week of March,
of the Philippine bond purchase. As this last-mentioned and these record an increase in the large ratio of 11*07
was followed almost concurrently by a re-deposit of the same amount in a city bank to the credit of
the Philippine Government, the matter would not of
itself have been of any moment. But the monetary situation this week has also been complicated by apprehenYesterday this was
sions of financial troubles at Paris.
transaction
one of the influences which induced extensive liquidation on our Stock Exchange, the Paris Bourse being reported very
A good
much
per cent.
The reasons
for the
change
lie
on the surface.
The showing during February was poor mainly for two
reasons, namely adverse weather conditions and a falling off^ in the cotton movement. As far as the figures
for the full month are concerned there was a further
adverse feature in the circumstance that February 1905
contained only 28 days, whereas February 1904 had 29
days, last year having been a leap year.
In the territory
between Chicago and the seaboard the weather the present
year was doubtless less severe than it had been in the
depressed.
deal of attention has been called to the Feb-
corresponding month last year, but west of the Missisruary foreign trade figures which were published the cur- sippi it was in some instances the worst ever experienced
rent week. The sudden rise in money has probably given in February.
At the same time Southern and South-
them added
interest.
They are noticeable because by western roads
suffered severely by reason of the conappear so conspicuously un- traction in the cotton movement. Owing to the low
That feature must have been anticipated by price ruling for the staple, planters withheld supplies
comparison they are made
favorable.
to
A
most observers. Almost every one knows the causes.
from the market, making the cotton movement smaller
wheat
crop,
a
decided
decline
in
short
very
cotton and even that it had been last year following the poor cotton
the holding oil the market, especially in February, of a crop of 1903.
In March, however, cotton has been
large part of the year's production of that staple, are chief- coming to market in a pretty liberal way, and weather
ly responsible for the shortened exports in February 1905
conditions have also improved.
For the week ending
though the activity in general business and the higher last night the receipts of the staple were 139,562 bales,
prices ruling for almost all our manufactures have helped against 65,687 bales last year; for the week ending
On the other hand, March 10 they were 143,666 bales, against only 48,056
to diminish merchandise exports.
imports have been increased by the conditions last men- bales, and for the week ending March 3 they were 152,tioned; that is to say, activity in business here has led 472 bales, against 72,323 bales.
It will be seen that
consumption, while higher prices for foreign receipts are now double the small movement of last year.
fabrics, due to this more active demand, have enabled It seems likely, therefore, that the improvement in earnto enlarged
many
articles ordinarily shut out
to find
a market in the United
by the protective
States.
tariff'
With such im-
ings inaugurated with the
first
week
of
March
will con-
tinue.
portant forces tending to decrease exports and to increase
The growth and multiplication of trust companies, to
no surprise that the balance of exports indicates a decline from $42,903,778 in February 1903 which frequent attention has been directed by us, is not
imports,
it is
and $29,777,782 in February 1904 to only $5,907,017 in
February 1905. The relation these results bear to our
money market arises out of the suggestion they give rise
to that they favor a renewal of gold exports.
That is no
doubt a correct inference. At the same time the pre-
confined to this State.
New
a noteworthy record for
itself
ture
is
in
is
this
making quite
The fearesi)ect.
also
one which we have previously noted in these
columns, but with
cance
Jersey
is
each
succeeding year added
given to the further expansion.
The
signifi.
figures to
MAE.
THE CHRONICLE.
18, 1905.]
1079
made public this month by steadily extended. Then, also, the passenger earnings
Banking and Insurance at Trenton, were enlarged in amount of $367,197 in part as a re-
the close of 1904 hare been
the Commissioner of
—
and they furnish striking corroboration of these remarks.
The report shows that, with the exception of 1902, the
development of the territory tributary
of the road and in part owing to the World's
sult of the general
to the lines
aggregate gains made by this class of institutions in Fair at St. Louis. The local freight traffic gained 141,1904 in deposits and resources exceeded those of any 179 tons in 1904 over 1903, and yielded an increase in
year since 1890. The increase in deposits was $15,975,- revenue of $232,154, while the competitive freight traffic
The number of de- decreased 540,489 tons and the revenue from the same
11 i), or over 17 per cent.
positors increased 25,154, or nearly
profits together are larger in
and
or slightly orer 15 per cent.
It
18 per
cent.
Surplus
fell
off
$328,624.
It
is
pointed out that the local
amount by $2,828,764, tonnage transported for the five years ending
is necessary, however,
December 31 1904 amounted to 7,385,042 tons, pro-
go back two or three years further in order to get an
adequate notion of the progress which has occurred.
duxjing a revenue of $15,741,742, against a tonnage for
Deposits at the close of 1904 were no less than $108,347.982; four years before, at the end of 1900, the total
producing a
to
of the corresponding
item was only
$44,601,434.
Dec. 31 1899 of 4,530,398 tons,
revenue of $11,262,994, or an increase in
the five years ending
local
tonnage
for the last five years of
In revenue of 40 per
cent.
The Texas
63 per cent and in
&
Pacific in
1904
earned $2,430,872 above its obligatory fixed charges for
these four years aggregate resources have
one hundred million dollars, the total now at $152,483,- the twelve months. The amount of the second mortgage
540 comparing with only $57,601,724 on Dec. 31 1900. income bonds outstanding is $24,660,019, on which the
risen
almost
1904 there were 59 of these institutions call for interest at 5 per cent would be $1,233,000, or
Following
in ]S"ew Jersey, where four years ago there were only only about half the year's surplus income.
Aggregate capital in this period has increased from previous custom, however, $1,272,233 of the surplus was
29.
The institutions, too, appropriated on improvement and equipment account.
to
$12,277,500.
$5,516,500
At
the close of
seem
now
to
be in a strong and flourishing condition, as they
With
and undivided profits of $21,452,649,
against only $5,704,759 at the end of 1900.
report surplus
the exception of a reduction by the
ISTetherlands in its
rate from
Bank
of the
3 per cent to 2^ per cent
was no change in official rates of discount by
We review to-day on a subsequent page the annual re- any of the European banks this week, and unofficial or
port of the Missouri Pacific Railway Co. for the calen- open market rates were active and firmer, influenced by
The Texas & Pacific Eailway Co. is the Eussian loan situation. The reports regarding the
dar year 1904.
another one of the Gould properties which has furnished negotiations for the $120,000,000 loan were somewhat
This road was contradictory. It was stated early in the week that
its annual report the present week.
enabled to increase its gross receipts $338,404, while re- after a committee of the syndicate of French underducing expenses in amount of $174,413, thus producing writers had arranged in St. Petersburg a contract for the
-loan, the syndicate withheld their approval of the conan improvement in net of over half a million dollars
$512,817. The revenues of the lines in the remoter tract because of the disastrous results of the battle of
parts of the country keep so steadily increasing year by Mukden, hoping thereby, it was reported, to induce the
year that one hardly appreciates the magnitude of the Eussian Government favorably to consider propositions
growth that is going on. Texas & Pacific gross earn- for peace. On Wednesday a St. Petersburg cable stated
ings for 1904 were $12,433,147.
Five years previously, that arrangements had that day been concluded between
in 1899, the amount was only $8,300,185.
In the same representatives of the Eussian Government and of
five years the aggregate
of the net earnings has French banking houses by which the loan would be
from $2,451,319
risen
to
The fur- negotiated in Paris, the Eussian Finance Minister
$4,321,455.
ther growth established in 1904 is the more note- accepting the conditions which were originally formulated
worthy as it was made in the lace of a large in behalf of the syndicate and which imposed very
ialliug off in grain tonnage.
Only 181,217 tons of grain onerous terms.
were moved over the road in 1904, against 592,190 tons
The statement of the Kew York Associated Banks
in 1903, and the aggregate fi-eight tonnage was reduced last week showed the unimportant net gain of $312,400
fia.a 4,072,600 tons in 1903 to 3,673,350 tons in 1904. in cash, a decrease of $1,505,000 in loans, a reduction of
The report points out that the movement of grain from the $2,304,200 in deposits and an increase of $888,450 in
interior to the Southern seaboard materially decreased surplus reserve, to $9,278,150.
Though the changes in
during the year, affecting the earnings of the road in the cash and in loans were small in the aggregate, one of the
transportation of wheat and corn to a consideralde extent large banks showed an increase of $3,086,500 in the
compared with 1903, the company's elevators at New former and of $6,197,400 in the latter. The bank stateOrleans handling comparatively little business during the ment of this week should reflect that portion of the public
season.
Figures are given bearing out this statement. deposits which was surrendered to the Treasury on
But the experience here in the East was much the same, Wednesday through the New York banks. The call
a large decrease in the grain movement to the Atlantic for these deposits was issued on November 18 1904,
seaboard having occurred; and the explanation is that and it required that 10 per cent of those public funds
grain prices, owing to the short wheat crop, were main- should be turned over to the Treasury on January 15
tained at high figures in the United States, so that for- and the remainder on March 15.
The surrender of the
eign consumers undertook to obtain needed supplies in first instalment amounted to $9,006,000, in addition to
other producing countries.
which $1,333,500 was paid on account of the final inTlie falling ofl' in freight revenues, however, in 1904 stalment, leaving $13,498,300 to be surrendered March
was only trifling, notwithstanding the large contraction 15.
Washington despatch on Thursday announced
in tonnage, the reason being that the local traffic of the that $10,109,100 of the amount due had then been resystem (from which good rates are derived) is being ceived and transferred on the books, leaving $3,389,200
there
I
]
!
A
THE CHRONICLE.
1080
to be transferred.
The
many
surrenders have in
been made by the depositories
ents, who have paid the sums due
cases
through their correspond-
Payment
to the Sub-Treasuries.
[VCL.
LXXX
a more active
of finance bills in expectation of
demand
money
for
as the result of the withdrawals of public defrom the banks, and by some pressure of security
posits
on public deposit accounts are bills; the completion of the bi-montlily settlement in
not easily traceable, and therefore the sum turned over London contributed to lessen the demand, especialby ^ew York banks to the local Sub-Treasury cannot ly for cables. The financial situation abroad caused
be stated, there being concurrently other transfer opera- by the defeat of Kuropatkin at Mukden and by the
tions of
to these offices
banks with that
On Wednesday payment was made
the
at
Sub-
Philippine
4 per cent
Treasury
by French bankers
interposition,
office.
of obstacles
negotiation of
the Russian loan tended
ness
than
the
to
to restrict busi-
for the §2.500,000
that over
tlie
counter, bankers
Public Improvement bonds which were recently pur- generally being disposed to operate cautiously while
chased by the Mercantile Trust; Co. of St. Louis; the there was so much, uncertainty as to
the outamount was, however, immediately turned over to the come of the loan negotiation.
One feature of
other
Guaranty Trust Company of this city for account of the the week was selling in London of securities for French
Philippine Government, and therefore this operation will account which was induced by the somewhat unsettled
feeling in Paris following the news of the Russian disprobably not be reflected in the bank statement.
This selling resulted in a sharp
aster.
The market
for call
money was
Wednes-
unsettled on
decline in ex-
change at Paris on London, indicating possibiy some de-
day by operations incident to the surrender of public rangements in discounts which might be reflected here.
deposits, and as there had been early in the week receipts
After Wednesday there was a large supply uf security
by the Sub-Treasury considerably in excess of payments, bills against purchases of stocks and bonds for European
the disclosure caused such an active demand for money
account, which caused a sharp fall in all cfasses of bills.
on call that the rate rose to 4 per cent, the highest since Gold received at the Custom House during the week,
December. The lowest rate for the week was 2^ per
81,888,790.
cent and the average was 3^ per cent; banks and trust
!J![ominal quotations for sterling exchange are 4 85®
companies loaned at 2f per cent as the minimum. On 4
85^ for sixty day and 4 87®4 87J for sight. The
Monday loans were at 2f per cent and at 2J per cent, market opened easy on Monday, and, compared
with the bulk of the business at 2f per cent. On Tuesday with rates at the close on Friday of last week,
transactions were at 3 per cent and at 2J per cent, with
points to 4 8475'2)4 8435 and short
long declined
On Wednesday loans were 5 points to 4 8075^4 8680, while cables were
the majority at 2f per cent.
at 4 per cent and at 2^ per cent, with the bulk of the
unchanged at 4 8710®4 8715.
On Tuesday the tone
business at S^ per cent. On Thursday transactions were
was again easy, and, though long was unchanged,
at 4 per cent and at 3^ per cent, with the majority
short was 5 points lower at 4 8670'S4 8680 and cables
at 3J per cent. On Friday loans were at 3| per cent and
fell 10 points to 4 87®4 8710.
The tendency was downat 3J per cent, with the bulk of the business at 3^ per
ward on Wednesday and long was 5 points lower at
While the market for call money was firm and 4 8470®4 8480, short 15 points at 4 8000®4 8665 and
cent.
active, that for time loans was dull and easy, chiefly beOn Thursday the
cables 15 points at 4 8685®4 8695.
cause of the light demand, most borrowers being well
market was weak, and loug fell 25 points to 4 8445®
supplied with money through contracts for fixed periods
4 8450, short 15 points to 4 8645'S)4 8650 and cables 5
which were negotiated early in the year. Eates on good
to 4 8680®4 8685.
The tone was weak again on
points
mixed Stock Exchange
collateral are
3 per cent
for sixty
3^ per cent for four to six months and
some contracts are offered at 3.^'S)3,^ per cent for eight to
to ninety days,
Commercial paper continues in moderate
supply, while the demand is good from local and out-oftown buyers. Quotations are 3^'2)4 per cent for sixty to
ninety day endorsed bills receivable, 4'®4^ per cent for
prime and 4J'®5 per cent for good four to six months'
Friday at a
Fri..
Mar.
Brown
our special cable from London, the
to
England gained £16,081 bullion during
the
Bank
of
week and
GO days
\ EJlKllt ..
10.
Mox.,
Mar.
4 sryy,
4 87^„
13.
87>.j
85 1^
JSiKlit..
4 8r>i^
4 87^
5
CO (lays
4 851^
851.$
(
Bit! 1)1..
i87}4
87^
5 60 days
JSiRhi..
( 00 days
4 85!.^
4 87!^
87 >^
of Commerce. ISUht..
Helrtclbach.IoU- ( 60 day.s
eitieimer&Co. J SiKht ..
4 87n.
4 85"^
4 87*4
Barina,
5
MaK'jun
Bank
ing
<
Brotbers & Co.
& Co
British
No. America..
of
for sterling
DAILY POSTKD RATES FOR FORKIGN EXCHAKGE.
Bank
England minimum rate of discount remains unchanged at 2i per cent. Tlie cable reports discounts of sixty to ninety-day bank bills in London 2^'S)2f
per cent. The open market rate at Paris is 1^ per cent,
and at Berlin and Frankfort it is 2J per cent. Accord-
The Bank
15 points for long, short and cables.
The following shows daily posted rates
exchange by some of the leading drawers.
ten months.
single names.
fall of
of
Montreal
Canadian Bank
Lazarcl
Krerei
lUTciiaiils' Bit.
ot Oanarta.
60 (lays
(00 diyt
iSitht..
5 (iO days
fSiolii
..
4
87>^
Sby,
S7>«
H7->y.
Thur.,
.Var.
1(1.
FHI..
Mar.
17.
85'A
85!^
85
87
87>8
87^
85^
87H
«7^
87;.^
851^
87ii
85)^
87i«
Son
87>ii
b7^v
87>fl
85'^
87J^
85>A
85^
87H
«7^
8714
Sb}4
S7>i
S7J4
851*
85!^
87H
85^
85'^
87H
87iij
S7>4
8.'ji4
85!.^
S7>4
»7}^
85!4
87}^
87'.^
85
87
85
87
85J^
8oV>
S5Vt
87'.!,
87^H,
8516
87^.
'.(i
Wkd..
^lar. 15.
te7«
4S5^
4 87>B
4 85
4 87K.
TUKS.,
Mar. 14.
87-
The market closed on Friday at i 8 ISO'S 4 8440
long, 4 8630'2)4 8G40 for short and 4 SQGo^4: 8675
for
for
Commercial on banks, 4 83S5'S/4 8395, and
documents for payment, 4 83^'S4 84^. Cotton for i)aypondent further advises us that the gain was due to
ment, 4 83^'S)4 83j], cotton for acciqitauce, 4 8385®
imports of £105,000 (of which £5,000 from France and
4 8395, and grain for payment, 4 84|'rt;4 8-li.
^400,000 bouglit in the open market), to exports of
£510,000 (of which £383,000 to Soutli America, £100,The following gives the Aveck's movements of money
000 to Egypt and £27,000 to the Continent), and to to and froui the inttsrior by the New York banks.
receipts of £122,000 net from the interior of Great
HeCrired by
Aft Interior
held £39,700,569 at
tlio
Our
close of the weeli.
cables.
corres-
Week
fiifUiii; itiar.
17,
IDU.'j.
Britain.
.V.
«5.;is;;,ooO
Currcni y
The
foreign exchange market
fluenced by a light inquiry
was lower
this
for reuiittance,
week,
in-
by oflerings
Shipfjtn t>\,
r. /{nnAs. V. Y. Hanks.
7-.'I.()(i()
Total
(TOld
and
leaal londiTH
.
sii. i(i;f (iiMi
Movement.
1,000
boss.
JudO.OOO
141.000
Lo.-s.
4'.'0.000
^i,o;>•J.(lllo
I.IIHH.
JUKI. (100
?,">,iif.
1
Mae.
THE CHRONICLE.
18, 1905.1
With, the Sub-Treasury operations the result
is
as
Week ending Mar.
interior
movement
as above
Total zold and
leu.'il
Net Clmnqe in
Oat of
P.anks.
Into
Banks.
17, 1905.
Bank
Holdings.
J. OSS.
4-989,000
21,300,000
$7,093,000
29.300,000
Loss.
8.C00.000
$27,403,000
30,.'i92,000
Loss. $8,989,000
amount
of bullion in
$a. 103,000
Sub-Treasury operations
force, retreat fi'om
Mukden became
ia«
...
March
the
France
Maich
16. 1905.
Gold.
Silver.
17, 190J.
i;
£
OoU.
Total.
£
lotah
Silver.
£
£,
i;
39,76R,.569
39,766,569
35,673,273
111,094,807
44,030,807 155,125,614
93,556,540
44,361, 94S 137,918,488
101,050,000
.......
.35,073,273
56,149,000
35.410,000
12,441,000
47,851.000
6,340.000 107,390,000
91,277,000
8,126,000
99,403,000
47,126,000
12,728,000
59,854,000
14,0:i5,COO
4-.',10T.OOO
.
Russia.
Aust.-HuD.
Spain
48,108,000
12,835.000
60,943,000
14,968,000
20.603.000
35.571,000
14,624.000
19,450,000
34.080,000
Italy
Netherl'ds..
22,300,000
3,383,900
25,689,000
21,924.000
3,786,800
25,710,800
6,010,000
6,193,200
12,203,800
5,-f41,100
6,639.200
12,080,300
3.218.000
1,609.000
4.827,000
3.130,667
l,5t;5,.333
4,696.000
Nat. Bels..
was taken none
efi^ect
The
too soon.
Japanese had already closed in on the railroad
when
the
leave the city was given out to the Eussian
order to
week (Thursday). On Priday the Japanese
entered Mukden, pursuit of the retreating Eussiaus
being immediately followed up. The railroad running
northward from Mukden to llarbin, being an inadequate
reliance, and being moreover choked with trains, most of
Bank of
England..,.
Decision to that
troops last
tenders
The following table indicates
the principal European banks.
Germany
from the main
evitable.
follows.
Banks
off
1081
Tot. week... 3SS,0-.^8,'j70 109,029,907 49r,65a.883 348,102,580 100,104,281 457,206,861
Tot. prev... 388.904,782 103,248.419 497,153,201 347,145,407 109,229.718 156.375,125
TEE DEFEAT OF KUBOPATKIN.
made
the retreating regiments
their
way, according
to
the cable descriptions, over ploughed fields, reaching the
made
point where a stand could possibly be
first
Pass, about forty miles north of
complete
reports
and
up
are
prisoners
Summed
supplies.
Eussian
the
that
—
during
the
a state of
in
and with enormous
exliaustion
ammunition and
Mukden
loss of
wounded
lighting
days'
men,
Japanese
up, the
loss in killed,
ten
—Tie
footed
the
and
that
captures,
in addition to tlie city of Mukden, embraced 60 large
guns, 60,000 rifles, 200.000 shells, 25 million pounds of
small ammunition, and more supplies and wagons than
For a
the pursuing army was able to estimate upon.
at
least
155,000,
There can be little doubt tliat the military erents of
the past two weeks on the Manchurian fi-ontier will go week after this notable retreat occurred, the remnants of
down in history as among the world's decisive battles. the Eussian army, amounting to something less than
Sir
Edward
Creasy, in his
classification
of the fifteen
100,000 men, held their
own
on Thurs-
at Tie Pass; but
epoch-making engagements of the kind^ rested his selec- day of this week that position, too, had to be abandoned,
tion on the test whether the course of events in the and at present writing the Eussians, in more or less disworld's history had been decisively altered as a result of order, are retreating northward in the direction of Har-
draw any such bin, 300 miles away. How the Eussian army is to be
conclusion regarding the battle of Mukden; indeed, it maintained on its present retreat in the supposable abmay be said of this battle, as of many others in history, sence of supplies, and with the Japanese again upoo
that it is difficult to give to any single engagement in its flanks, is not altogether clear.
Prom a military point of view the ten-day battle at
the campaign the special predominance tor influence on
a given
It is
battle.
somewhat
early to
had grown evident, long before the present Mukden has placed on a very high plane the reputation
month began, that the Eastern war must end in a radical of the Japanese commanders. Last autumn's experience
readjustment of internaUoual relations on the coast of at Liao-Yang gave rise in military quarters to a rather
history.
Asia.
It
The noteworthy
however,
which
it
is
fact
about the battle of Mukden,
completeness and
the
thoroughness with
the matter briefly,
conviction
Oyama and Kuropatkin
and genius
such judgment; general consensus
men was
out to a defeated general.
larly
bad judgment,
been chosen by the
moment seems to have
Eussians for a forward movement
this
very
among
the critics
have accomplished
their
from
own.
ail that
However
this
may
be, the
Kus-
advance at the close of Eebruary was instantly
followed by a vigorous and concerted counter-movement
sian
by Oyama.
The Japanese
verge his attack,
army then on the
first
general's policy
on the
left
right, alternating
was
to con-
flank of the Eussian
such demonstrations
moving from
one end of their long defensive line to the other, while
weakening their center. Kuroparkin is admitted to have
been both perplexed and misled by these attacks. The re-
so fi-equently as to keep the Eussian forces
that the Japanese armies
could possibly have been ex-
pected from any troops under the circumstances. General
Kuropatkin meantime
suffers the criticism
The
of the criticism
gist
at the possibilities of disaster than at
to be
is
to look
the possibilities of
such
that
injustice,
a
for
verdict
it
is
does
always
kept in mind that during most of the campaign his
army was uumeiicaliy inferior to
plies must have been more or less
and
always meted
Kuropatkin was too cautious and too prone
that
It is said that this
St. Petersburg.
now
being
movement, like last victory. It may be
autumn's disastrous advance on Liao-Yang, was ordered the Eus.sian general
of
in-
The Mukden episode
army.
nihilation of the defeated
will cause revision of
"With singu-
Japanese generals
the
follow up victory with the an-
to
had been marking time in the fortifications around Mukden throughout the months consumed in the siese of
Port Arthur. During this interval, it is probable that
the strength of the rival armies was fairly equal.
On
the surrender of Port Arthur an army of perhaps 75,000
released for service at the north.
while
that,
were good tacticians during action, they lacked the
telligence
has brought the situation to a head.
To sum up
general
that, in addition,
the hostile
influence
Jajian's; that his sup-
irregular
in arriving,
he has certainly been liampered by
which the
St.
Petersburg Court
Cabal exerted among Kuroi)atkin's generals, even alter
This well-known fact rouses
Alexieff had been recalled.
a feeling of indignation
among
impartial observers at the
Czar's curt dismissal of Kuropatkin from his
this
week, withoitt a word of recognition
for
command
what he
worked around actually had accomplished. On the other hand, there can
the Eussian rear upon the west, while Oyama's main be no doubt that General Kuropatkin was hopelessly outarmy, making a powerful attack upon the center, broke manoeuvred by Ovania in the recent battle; that his inthrough the Eussian ranks in the immediate front of formation of the enemy's movements and purposes waS
Mukden. With General Nogi's army already behind the radically wrong, and that he himself threw do^vn tlifo
Eussian ranks, and with the army to the east nearly cut gage of battle which ended so disastrously. It is only
sult
was
that a powerful Japanese
force
THE CHRONICLE
1082
just to
atltl
General Buller in the
that, like
campaign, General Kuropatkin
came
fact that before he
in
Boer from
first
suffers in defeat
from the
touch with his enemy at
he indulged in braggadocio as
all,
expectations of an
to his
his
miles
away from
speedy
Very
naturally, the interest of the world at large has
It
is
altogether
prob-
Freuck
situation
his
natural and logical than the
this great defeat
conTerged on the probable influence of
thousand
banking community measmore intelligently than the
blind advisers.
Xothing could be more
Xothing;
the
this
Czar and
several
home, and without the possibility
reinforcements.
that
ures
Kuropatkin,
of
that
lxxx
matter from a defeat
a very different
is
as
of
this mistake.
base,
such
easy victory. The world's judgment always bears harshly able
on commanders who make
[Vol.
announcement, given out
on the progress of the war. It has been pretty well seemingly by concerted plan last Wednesday, that the
understood, both before and since this notable engage- expected $120,000,000 Eussian loan at Paris had been
ment, that the Japanese were willing to propose lenient indefinitely postponed, and that, in short, the Eussiau
terms of peace. The Eussian GoTcrnment, however, Government need not look for further loans until its
Before the defeat position was cleared up. Whether, as the Paris newschooses to take a very different tone.
of Kuropatkin, it was the favorite argument at St, papers, usually friendly to Eussia advise, this refusal
Petersburg that Eussia might entertain peace proposals, means no more advances until the Czar consents to
hut not until she herself had gained a victory. In this peace, or whether it merely means that Eussia, under
conception of the case there was an element of the the circumstances, must consent to humiliating terms
everyone who reflected on the matter knew
quite well, not only that the gaining of a victory by Eussia
for a
gi'otesque, since
was wholly improbable, but
that
the Eussian
consequence would
war
courage the
party in further prosecution of its
plans.
Advices from St. Petersburg this week have
gained,
be to
inevitable
its
been conflicting as
en-
its belief
is
plain enough.
Government
that Eussia
will
Eussia's
language which
most quickly understand,
and that it has no hope
save by peace.
We presume
have its due effect. Yesterday's
beaten,
is
of retrieving its disasters
this sharp
influence of the last crushing
to the
loan, the inference
ally is in either case expressing, in the
such victory were
if
new
reminder will
cabled intimation that Eussia will hereafter raise
its
own
view regarding peace negotiations. war loans at home is not, in our judgment, to be taken
Whatever the Eussian public feels, however, it has been too seriously. Eussia, as M. Witte is reported to have
positively given out that the Czar, acting as usual under remarked this week, ''can afford to suffer a defeat in
disaster on the public
and
the advice of his family
courtiers, has refused to
Manchuria, but not one in Paris."
lis-
ten to the plan of peace negotiations and proposes to go
With
on with war.
have been held as
Kuropatkin, who,
in view,
this
some
serious councils
UNITED STATES STEEL GORFORATION.
naming of a successor for Gen.
commonly assumed, must resign
to the
it
is
In considering the annual report of the United States
Steel Corporation one cannot help noting the great
his post.
Some
member
the plan of 1877, a
sent as nominal
his
change in the condition of the iron and
advices have seemed to indicate that, following
Chief of
commander, with a bona fide general
Selection of a
Staff'.
which has occurred within the
of the royal family would be
general
When
as
industry
twelve
months.
the report for the previous calendar year appear-
ed, the future
however,
is,
last
steel
looked
dark and gloomy, even though a
temporary spurt of activity had developed early in 1904
one thing, but dispatching of an army under the almost
something very following the great collapse in the steel trade which ocSupposing for the moment that the Czar's curred towards the close of 1903. Now buoyancy and
different.
plan of forwarding 400,000 men to the Manchurian activity are again the dominant characteristics, and not
frontier is to be followed out, how shall the men be a cloud is visible on the horizon to darken the prospect
unparalleled existing circumstances
brought there
they
are
and
Avith
Apparently, they must come soon
?
save
to
is
these
even
points
Harbin
lost,
or
-dispatch
of the steel industry.
if
Not
Vladivostock
of
an
less striking is the
army speculating and investing
change in the attitude of the
Iraternity towards the securi-
Twelve months ago the
decline in the market value of these securities had not
practicable.
There would be
Month by month a lower dei)th was
the stores and soldiers within reach of the fighting. But yet culminated.
being reached in the downward movement. In May the
it has very plainly been demonstrated during the last
few months that the Siberian railway cannot transport common stock sold as low as 8f and the preferred touched
any such mass of men, except in a long interval of time. 51|. Every one seemed to have lost confidence in the
During the six or eight months in which the presupposed intrinsic merit of the securities, and still lower prices
army of 400,000 is to be forwarded to Manchuria, is it were talked of in fact, wagers were being made that a
to be supposed that the Japanese will be standing idle ? receivership for the property was one of the coming
Again, there is the highly practical question as to events, and it was intimated that shareholders might
and
necessary
its
supplies
by
would be imnowhere to unload
ties of
rail
the
Steel Corporation.
—
whether, under
consider themselves lucky
domestic conditions,
400,000
can be obtained by conscription in the Eussian
existing
if
they escaped with an assess-
was not of exceptional proportions. To-day,
the common stock is selling at 35 and the preferred stock
Empire and be sent forward fit for service.
The whole situation simply illustrates the fatuity of at 95, while the 10-GO second mortgage bonds, as against
Apparently they 08^ reached last year, are quoted at 95.
the Czar and his favorite advisers.
The alteration in trade conditions to which we have r©.
have a notion of repeating such experiences as those of
men
the Eussian
army
in
the Napoleonic wars,
when
ment
that
ferred would, of course,
defeat
make considerable
difference in the
was followed only by continued obstinacy and by the market estimate of the merit and value of the securities.
eventual tiring out of their antagonists. People who But this Is not adequate to explain such extreme flucfollow out
fight on
ward
this
parallel,
Eussian
step
soil
tuations, nor will
however, ignore the fact that a
account for the tremendous shrinkage
which occurred antecedent to the recoverj,
him further The truth is, very persistent efforts were made to dii-
against invaders, where each
by the victorious enemy carries
it
for-
;
*
in values
MSbTIS,
THE CHRONICLE.
1905.]
It is well
credit the property in the eyes of the public.
seemed
to
1083
presage an early revival, but
did
it
not take
have shown that the long to disclose the ephemeral nature of the movement,,
Im
dire predictions of evil in store for the Corporation had and thereafter things drifted from bad to worse.
recognition
came
a
September
of
the
true
situation
in.
Though
the
Steel
Corporation
no legitimate foundation.
now
to recall this fact
that events
from the very first ^gave the fullest publicity to all its the cut made in the price of steel billets from the nomiThis
in sharp contrast with the practice of nal quotation of $23 a ton to $19 50 a ton.
acts and doings
most other industrial undertakings never was a new worked a wonderful change in the trade within a very
Newspaper writers short time, and two months afterwards, in November, it
concern so maligned as this one.
delighted in discussions intended to show what a frail cre- was found possible again to advance billets to $21 a ton.
—
ation
it
—
left tlie seclusion of
College professors
was.
the
In sensational disser-
class-room to join in the crasade.
The demand increased
to
such an extent that the
and addresses, apparently supported by profound 31 1904 aggregated 4,696,203
investigation and research, security-holders were told 123 tons at the close of 1903.
that they had an equity merely in an inflated bubble ever, came too late in the year
which was sure
Never was
adversity.
puif of
under the pressure of the
to burst
prospective
first
disaster
proved with such absolute certainty or worked out with
company December
orders for goods on the books of the
tations
unfilled;
tons, against
only 3,215,-
The improvement, howplay any material part
to
in the year's results.
While the
truth of this statement will be admitted,
we doubt whether
there are
many
who have an
persons
Pregnant comment was adequate notion of the extent of the shrinkage which ocalso made on the sagacity of Andrew Carnegie. Holding curred in the business of the Steel concern. The company
the first mortgage bonds of the concern he would soon be mined only 10,503,087 tons of iron ore in 1904, against
able to foreclose and become the owner of the entire 15,363,355 tons in 1903 and 16,063,179 tons in 1902. It
such mathematical precision.
property
—not
merely the plants of the Carnegie Com-
pany, which he originally owned, but the plants of
all
the other companies.
These
not without
1902.
repeated with so
stories,
And
efiect.
much
persistency, were
when, with the
unexpected collapse in the
sudden and
industry the latter part
steel
of 1903, the Steel Corporation, following the dictates of
prudence, at once cut the dividend on
common shares,
its
forward to the early
confidently looked
these wiseacres
Events have now shown
The matter would be of little
fulfillment of their predictions.
that they were all astray.
consequence except
for the loss occasioned to
who were
the securities
thus induced to
interest in the property
idea of the
way
holdings
furnished
number
is
by the registry
is
67,522
It
the
we wish
it is, is
Who
the close of 1903.
will
who heeded
is,
but the
that this
was
it
at
the loss to the
now
to
efiect
that
pend dividends on
financial
depression through
test.
it
This
test,
the
unsoundness
—and, what
dividends on
The
its
is still
however,
re-
served to demonstrate
The one
shares.
developed
at
any
throughout the whole period of depression
paid
compared with 1902, the first full year of the
company's existence. The net earnings tell the same
story, and in one respect the figures here are even more
dollars as
conclusive, since they are not subject to deductions,
show
but
the actual extent of the decline in the income avail-
the net income
trade
Eather
its
of over
a decline
is
and
a very severe
was
Here, then,
million dollars.
of
the inherent strength of the enterprise.
ill
1904,
>lot a trace of
period
vealed no weakness.
and earnings) was only $444,405,430
gi-oss
common
reap-
which the Steel Corporation has passed subjected the
company
sales
in
Corporation was obliged to sus-
are
ing the benefits arising from their faith in the property.
the
aggregate of these gross receipts (representing
payment of charges and dividends. These
net earnings for 1904 (after deducting expenditures for
ordinary repairs and maintenance, and also interest on
bonds and fixed charges of the subsidiary companies, lut
not of the parent company) were only $73,176,522,
against $109,171,152 for 1903 and $133,308,764 for 1902.
Thus there was a loss fiom two years ago in the available
annual income in the extraordinary sum of over 60
Their holdings have passed to others
Obviously
was intensified through the
fact that though an increased amount of certain classes
of goods was turned out, there was on the other hand a
serious shrinkage in the classes on which there is normalOne item will suffice for
ly a good margin of profit.
illustration, namely steel rails, the price of which was
maintained unchanged at $28 a ton throughout the year*
The company's output of rails in 1904 was only
1,242,646 tons, against 1,934,315 tons and 1,920,786
tons, respectively, in 1903 and 1902.
But the most graphic way of showing the decline in
The
business is to take the figures of gross receipts.
products, the loss in business
92 million dollars as
compared with the preceding year and of 116 million
the advice given and sold out.
who
into finished
army
12,435 less than
make good
steel
this
against $536,572,871 in 1903 and $560,510,479 in 1902,
preferred;
attention
direct
to
Moreover, in converting
hands of a
held by an
is
common and
number, large though
unfortunates
The
company.
equity in
the close of 1904 there were no less than
shareholders,
point to which
Some
showing the
list
concentrated in
not
few individuals of large means.
At
their
sacrifice
absurdly low prices.
at
of stockholders in the
of people.
holders of
shareholders were led to throw over their
the Steel shares
produced only 8,406,378 tons of steel ingots in 1904,
against 9,167,960 tons in 1903 and 9,743,918 tons in
tangible
time,
company
the
more important, earned
—
the full
able for the
And
was
yet,
even after
sufficient to
the year, to pay the full
preferred stock and to
7
per
meet
and which covers the calendar
year 1904, gives striking emphasis to all we have said in
Furthermore,
this
was
the charges of
all
cent
dividends
carry forward
on the operations of the year in the
preferred shares.
report before us,
this great shrinkage,
undivided profits
sum
the result after
on the
of 85,047,852,
the
usual allow-
ances and deductions for sinking funds and for deprecia-
The
and steel industry is now in tion, extinguishment and replacement funds.
such a state of activity and prosperity it is important the amount deducted and allowed for in these various ways
reader should be reminded that the year 1904 was, was no less than $18,207,327—84,050,000 representing
almost throughout, a period of great depression in the sinking fund contributions for the company's own bonds,
the foregoing.
iron
and
steel
stated, there
The
iron
trade.
At
its
beginning,
was a momentary spurt of
as
already
activity
which
$1,583,117 sinking fund contributions for the bonds of
subsidiary companies, $3,907,167
contributions
to
the
THE CHRONICLE.
1084
and extinguishment funds and $8,667,044
depreciation
contributions
to
the
replacement fund.
extraordinary
Surely a company -which can
make such a
record
The
velous document in
many ways (we
report
is
a mar-
are not given to ex-
travagant forms of expression and use the word advisedly)
—marvelous in the
been charged
While on
to capital account.
this
point
seems
it
desirable to state that
large amounts of the funds provided out of earnings for
-whererer one looks in the report he finds nothing
but similar indications of strength.
only actual additions and extensions have
certify that
for
such a year occupies an enviable position.
And
[Vol. lxxx.
which
fullness of detail with
all
replacements and improvements and for depreciation and
extinguishment still remain on hand unused, and hence
are available for the future.
Take the case of the "Exand Improvement Fund;"
Eeplacement
$8,667,044 was taken out of
traordinary
earnings
a contri-
as
and operations are set out, marvelous bution to that fund during 1904, There were also sundry
in the magnitude
of the operations disclosed, and credits to that fund amounting to $271,933, making tomarvelous in the excellence of showing made in all gether $8,938,977. The payments from the fund were
As a result, the unused balance to
Possibly some persons of a pessimistic turn only $8,277,13 8.
directions.
the
impaired
credit
of
that
fund
the
company
was further increased, raising it
ot mind may be inclined to think
At the same date
its financial resources in maintaining dividends on the December 31 1904 to $15,931,472.
preferred stock in such a year as 1904, even though the there also remained a credit to the sinking funds and to
To reassure any such, the depreciation and extinguishment funds of $6,531,dividends were more than earned.
we will say that the financial condition was actually im- 692. Altogether the unused credits of these various
proved during the twelve months. The current liabili- funds were $22,463,164.
the
results
ties
December 31 1904 were only $39,838,254; the
than $202,608,740, of which
consisted of actual cash in hand and on
It is explained in the
current assets were no less
for
$60,646,427
made with
and
deposit with banks, bankers
The undivided
to check.
and
companies subject funds
trust
surplus of the Steel Corpora-
and extinguishment fund
depreciation
the
report that the appropriations
are
the idea that, thus aided, the bond sinking
investment in the prop-
will liquidate the capital
erties at the expiration of
their
The extraordinary
life.
shown to have been replacement funds, on the other hand, it is pointed
December 31 1904, $01,365,445, and hence almost the out, are intended to improve, modernize and strengthen
whole of this exists in the form of cash.
the properties.
They are not used for ordinary maintetion
Of
its
subsidiary companies
course the
Steel
is
Corporation
is
conducting an
enormous business and this requires cash resources on a
commensurate scale. As the business expands, too, the
need for further capital will increase, since, as a result,
more and more money will be tied up in products in
course of manufacture.
The inventory value
of goods
nance
(such
expenses
operating cost), but
for
ments and plants
arrangement, the
being
the
through
included
current
in
rehabilitation
of
rebuilding
entire
departor
re-
of labor-saving devices,
installation
and the substitution of improved and modern machinery,
equipment,
facilities, etc., for
obsolete tj'pes.
They
are
and products (forming part of the $202,608,740 of cur- designed to provide for the current depi'eciation which is
rent assets just reported) December 31 1904 was $94,- constantly taking place in the physical condition of the
812,546; on December 31 1903 it had been $107,976,- property, but cannot be definitely cared for by replace523.
The smaller volume of business transacted during ment or substitution from year to year. It is hence
1904 furnishes the explanation of this decrease in the contemplated that a substantial balance shall always be
working stocks of the raw and semi-finished materials on maintained to the credit of these funds. There were
The increased demand
hand.
for
products
now
being
experienced will necessitate the carrying of larger inventory stocks
again
and make a
draft
on cash
to that
special contributions
repeated in 1904, because
made
1903 which were not
in
not necessary
1903
the $5,378,837 charged off in
for
;
for instance,
depreciation in
inventory valuations and for the adjustment of sundry
extent.
The
some
addition to bonded debt during the year
The $17,097,500
ismall.
of
Steel
Corporation 10-60-
year 5 per cent bonds forming part of the
With
was quite accounts.
amount
o^
prices of iron
and
steel
products rising,
there was, of course, no occasion for another allowance
for depreciation in inventory values.
these bonds sold in 1903, but undelivered at the close of
If there
is
one charge that has been more vigorously
the year, were issued and paid for, and the acquisition of pressed against the Steel Corporation than any other,
the Clairton Steel Co. and
its
subsidiary
interests
and
the assumption of their bonded obligations, added $12,-
is
that
it
was excessively capitalized
property acquired by
in proportion to the
If that charge
it.
it
was ever
true,
funded debt, besides which it is rapidly losing its force through the application of
$103,000 of bonds were issued by two of the subsidiary earnings and surplus income to the acquisition of new
896,715
to the
total of
But no
the
bonds property and the retirement of debt. Bearing on this
were acquired through the operation of the sink- point, there is a statement on page 21 of the report
ing funds and in other ways, leaving the net addi- which deserves careful study.
This statement shows
tion
to
the
date
of
tlie
organization
of the company on
the
from
bonded
debt independent of
the that
10-60 year bonds which had been sold before the year April 1 1901 to December 31 1904 the expenditures
companies.
less
than
$8,398,325
—
opened
— only $4,001,390.
for construction
erty,,
Yet the
and the acquisition
capital expenditures
of additional prop-
thougli considerably smaller than in the preceding
aggregated $17,957,946. These capital expenditures represent only actual additions and extensions to
year,
the plants and properties.
Extraordinary replacements
and improvements are paid from and charged direct to
funds currently provided from earnings.
Messrs. Price,
NVaterhouse
examined
all
&
Co., the chartered accountants, Avho
the books
have
and accounts of the companies,
for
construction
and
additional
property
aggre-
same period
$28,306,779 of purchase money obligation were paid
of bonds
redeemed with bond
off,
$13,864,010
sinking funds and $6,772,970 more of bonds and mortgages discliarged, making altogether a grand total of
Of this large amount only $31,362,788
$131,487,243.
was provided by the sale of securities and $25,000,000 was
gated
$82,543,482;
that
during
the
derived from the capital surplus provided at the time of
the organization of the company.
The whole remaining
Mab.
THE CHRONICLE
18, 1905.]
1085
$75,124,455 came either directly from earnings tlirougli thousand millions in the money market of New York" is
the various funds provided each year or was derived in- therefore obviously a misapprehension.
Moreover, of the 18 millions held by one company in
directly from the same source through the application of
surplus income remaining
payment of
the
after
divi-
unfixed and available from, on the day
when the schedules
were made up 15^ millions were in bank at interest,
Before closing we wish to direct attention to one other about 2^ millions were in bank but not at interest, and
We have always $232,545 was in the company's office,representing current
point in the affairs of the company.
contended that in case of a falling off in the home de- receipts which had not yet reached a depository. In each
dends and charges.
mand
and steel, the Steel Corporation could find of these three companies there is an average of a half
The reader million of net income per week to be disposed of. Proper
a large market abroad for its products.
knows that during 1904, when the contingency of a investing of this is one of the most difficult tasks, yet
diminished home demand arose, great efforts were put one of the most imperative, for it lies at the very foundafor iron
managers to develop the export trade. The tion of life insurance that these moneys, gathered in from
us that most satisfactory results were obtained various industries and uses shall, with the least possible
forth by the
report tells
—
in this respect
that in fact a total of 1,021,672 tons of
loss of time,
be returned
to those industries; the process is
a splendid sliowing.
only a changing of titles, and any "locking- up" of funds
Fears about " locking-up " have been someis prohibited.
I^fotwithstanding these large export shipments, however,
times expressed, but any such undertaking would strike a
various products was
we
be admitted,
shipped during the year.
think, that this
is
It will
was shown above, blow
the company's aggregate business, as
—such
was the shrinkage in domestic
consumption. The result was that the company in all
its various departments gave employment in 1904 to an
average of only 147,343 persons and paid out in salaries
and wages only $99,778,276, against 167,709 persons
employed in 1903 and $120,763,896 paid out in wages.
From these figures it is easy to see where in the last
analysis the pinch of business depression is most severely
heavily declined
very foundation of
at the
life
insurance, and be un-
natural.
companies can, and in some meascontrol some banks and trust companies.
One
It is true that these
ure do,
owns no
of these three, however,
stocks whatever.
Yet,
by virtue of holding stocks and carrying heavy balances
in other financial
do virtually
with the
own
fact,
institutions, life
a few
We
banks.
but only with
its
companies
insurance
not concerned
are
consequences ; and
if
the
and foresight which have developed the
insurance company are felt in the affairs of the bank,
financial ability
felt.
FEABS AS TO SIZE OF LIFE INSURANCE
COMPANIES.
why
should that not
be naturally for the advantage of
Ownership properly involves influence, even
where the influence is not to the point of actual control
public danger may develop out of the size which some but there is no apparent reason to fear that what is safe
financial corporations are attaming. That sober and non- and conservative in one institution will be less so when
sensational weekly journal, the "Outlook," raises this query felt in another.
There
is
both
undeniably some feeling of uneasiness
lest
"?
a
in case of the great life insurance companies, saying that,
We
with the enormous amounts passing through their hands,
presents
executive officers of the three largest can control
"tlie
banks, trust companies, railroads, and
of financial industry."
many
other forms
It conceives the question to be im-
admit that the handling of trust funds certainly
opportunities
possibilities of
We
us.
personal
for
But
profit.
harm and wrong-doing
the
are always against
can act only on probabilities, but always are
menaced by
possibilities in
every relation in
life,
and the
portant whether ^'three men, each one represeuing a great
temptation to misconduct with trust funds
does
insurance company, shall have the use and control of one
crease with the size of the trust;
contrary, the
thousand millions of dollars in the money market of ISTew
York.
checks and the need of collusion are greater in the larger
Stated in that form, the
But
is
situation looks formidable.
not the statement quite inaccurate
?
It is entirely
true that the assets of these three largest companies
than in the small concern.
trol
should be; their cup of ambition
left for their
men
Moreover, the
of these vast corporations are
now nothing
aggregate over 1,000 millions, that their combined receipts
on the
seeking;
amply
is
is it
not
in-
in con-
paid, as they
and there
full,
is
not just to argue that
position and the greatness of the
1904 and trust actually ward off' temptation, holding before them
their combined disbursements in that year were over 160 an ideal which shields them from vulvar motives, even if
millions.
But from the exceedingly detailed schedules they do not fully live up to it?
of one of them we lind that 287 of its 390 millions of asThis uneasiness about size in life insurance has recently
sets are in bond investments: adding to those the real estate been stirred anew by a dissension, now happily removed, in
owned, the mortage loans, loans to policy-holders, interest one of the three great companies. But Avhile all insurand rents due and accrued, and uncollected and deferred ance (and life insurance in particular) is essentially
premiums (the last two representing amounts not yet re- mutual, what is called "mutualization" in this instance
from
all
sources were over 250
alized), only
and
millions
in
about 18 millions remain in the form of cash
The portion of assets not in what
be called permanent or semi-permanent investments
thus less than five per cent.
The other two companies
collateral loans.
may
is
have a larger
line of collateral loans,
ratio of immediate
and therefore
"cash" to total assets
is
a
the loftiness of the
their
little larger,
is
practically of
retically, since
much
it.
consequence than
experience has shown that
holders have the right
exercise
less
The
Policy-holders are
it
when
is
theo-
policy-
of voting they do not personally
reasons are
plain
and unalterable.
separated and scattered
all
over the
country and in foreign countries; they are isolated, un-
being 6-6 and 7-1 per cent; but the total funds of the known to one another, and unorganized, and with as little
three which could be made available, without a process of in common as if they were not on the same planet; nor is
conversion, for any manipulation of the market are barely
one-tenth of a thousand millions.
The impression con-
there ordinarily any definite issue raised for their action.
veyed of three men holding "the use and control of one
State
To have
—
as
a complete
proposed
list
in
of
them kept on
WiiS
recently
file
with the
introduced
at
THE CHRONICLE.
1086
Albany
known
—would
not only facilitate the evil practice
"
twisting," but would ofler more opportunity
as
some
to
who might seek
secret syndicate
for purposes of their
policyholders
own.
It is natural
repose
to
confidence
present control, and there
get control
to
and proper
for
persons
in
the
in
nothing better attainable in
is
practice than the vote by proxy, although
well to restrict the
If there
is
of the proxy
life
it
say,
to,
was required by law,
it
confining
owners of a relatively
stock, which,
nificant capital
insig-
which are
strictly stock
has arisen.
it
sense of responsibility to the trust, there
sense
of capital;
strictly defined
and
We
is
human
But,
business.
made
side
of
the
as
report
long period of time, 1901 being the eighth consecutive
year recording an increase in that particular.
The im-
ter
too,
was participated
Passenger
in
by
portions of
all
perhaps, a bet-
traffic furnishes,
index of conditions in the territory
is
the conserv-
clusion,
the
such a result
tributary to a
go, than in
affairs
great size in
life
the safety of the trust
general public
yet
;
we
will
with only one con-
consistent
is
namely continued growth and development of
whole Southwest. For 1901 the passenger earnings
against
$7,120,378 in 1903,
the increase for the twelve months thus being $1,868,as
967, besides which there
dangerous, either to
to the interests of the
or
right
out,
and limited by law, there does not appear aggregate $8,995,315,
cannot, therefore, perceive that
insurance
points
ress; for
the working of these two forces.
!
the
course the Louisiana
passenger
year's
on
out
revenues
Purchase ExLouis was the chief agency in swelling
position at St.
Besides the
so long as investments are
be any better safeguard, as
to
Of
passenger
and do not offer even a nominal railroad system than the fi-eight traffic.
Hence it is
control; and in these cases neither highly encouraging that the figures reveal steady prog-
trouble nor anticipation of
ative
account.
the system.
few hands; and yet there are a few companies
in
the
concentration of that
stock in a
participation
come
the
the
in
balance
provement,
the
gain
the
by an old error in policy,
in
is
very large
there
was
an
independent increase
would be in the passenger revenues. Moreover, these passenger
two years. revenues have been uninterruptedly expanding for a
anything inherently ricious in
the power of voting to the
[Vol. lxxx.
was
also
some gain
in mail and
express earnings.
The falling off in the freight earnings gives point
what was said above with reference to the presence
to
of
As
dis-
manufacturing has not yet
attained a large degree of development in the Southwest,
criminating taxation and tends to produce misunder-
the Missouri Pacific did not suffer from the reaction in
admit that such great
largest companies
is
size as is
perhaps undesirable
standings and uneasiness
there
is
presented in case of the
among
—
tempts
it
the least informed;
yet
no practical way of bringing about a converof
life
insurance
during the last
twenty years has been so far beyond what anybody dared
to expect that
trade in the
Many
way
that the lines here in
of the items of
traffic,
the East did.
indeed, under the head of
manufactures and merchandise, record substantial
sion to smaller companies.
The development
unfavorable conditions.
we must be
cautious
in prediction
;
yet
On
creases over the preceding year.
there
of
was
traffic
a
considerable
chief
of
the other hand,
shrinkage in
importance
the
in
in-
the
classes
case
of
a
—
some reasons for thinking that the maximum system like the Missouri Pacific we mean the agrigrowth is not far ahead as respects single companies. cultural tonnage. The tonnage in grain and flour deOne reason is that the smaller companies which are creased 19-6 per cent and the tonnage in cotton
Both the corn crop and the
perfectly sound and desirable and are able to accomplish decreased 8*5 per cent.
every good possible in the largest are coming more oats crop were short in the territory tributary to the
If the public overcome the glamor of lines of the system; all the available corn was used for
rapidly forward.
size and begin to prefer the smaller companies more than local consumption, with the movement limited to short
has been the case hitherto, a natural conservative force hauls. Besides this, the wheat crop was of inferior
will be operative to correct the situation.
quality, while domestic prices for wheat ruled high, the
there are
—
—
two together preventing a large export movement such as
TEE MISSOURI PACIFIC REPORT.
The Missouri
Pacific
Eailway company,
in its
prevailed the previous year.
annual
report for the calendar year lOOi, issued the present week,
shows satisfactory
results
a period
for
were not altogether favorable.
the
company
when
The monthly
conditions
returns of
given out during the course of the year kept
security-holders informed as to the general character of
the results,
ing well
;
making
it
evident that the company was do-
the annual report serves to emphasize that fact,
while at the same time study
of the elaborate details fur-
ton tonnage
The
falling
off"
in
the cot-
ascribed mainly to market conditions.
is
The net earnings did not quite equal those of the
With $597,818 increase in gross earnpreceding year.
ings, there was an augmentation in expenses in amount
besides which
increased
$73,531;
as a conseqnence, the net operating income for 1901
of $991,037,
taxes
was $11,988,805, against $12,455,525
for 1903.
be recalled that in the preceding year
been
a
marked
augmentation
in
there
It will
had
also
With
expenses,
adverse circumstances and infiuences which marked the
$5,000,081 imi)rovement in gross earnings at that time,
there was an addition of only $1,228,208 to net earn-
year.
ings,
nished brings into prominence the part played by the
Taking the consolidated income account
for the
whole
system, covering the Missouri Pacific Railway, the Cen-
$1,371,813 increase in expenses. The
experience of the Missouri Pacific in that year was like
that of all other roads, and the explanation in its case
owing
to
Branch Eailway and the St. Louis Iron Mountain & was the same as in the other cases, though the road als*
Southern liailway, and all leased and operated lines, it had to contend -with some drawbacks of its own.
As to the causes whi(;li account for the further adis found that gross earnings for the twelve months of
tral
were better by $597,818 than for the corresi)onding
twelve months of the preceding calendar year, when the
11)01
had been by far the largest ever recorded. Further
examiuation shows, however, that in the freight revenues
there was a decrease in the sum of $1,318,000.
Thus it
is plaiuly evident that certain drawbacks existed.
total
A
dition to exi)enses
seniier traffic to
in
1901,
it
is
obvious that the pas-
and from the World's Fair at
St.
Louis
was not of a kind to be very profitable. It necessitated
a huge extra train service and the traffic had to be carAVo also notice that it was
ried at low excursion rates.
not found possible to
reduce
the
fi-eight-train
mileage,
Mae.
THE CHRONICLE.
18, 1905.1
notwithstanding the falling
volume
the
off in
Iron Mountain's
the
Pacific,
of freight
1087
own
financial
position
moved. The number of miles run by the trains in 190i was greatly strengthened during the year, it holding
was 13,028,402, against 12,574,760 in 1903. President Dec. 31 1904 considerably more cash than on
George J. Gould refers to some otlier influences Dec. 31 1903 and having considerably reduced its
tending to increase the
that expectations
ized,
owing
the
to
as
He
says
were not fully
real-
expense
to results
accounts.
disastrous floods
in
Of course, with the placing in
1905 of the $25,000,000 new bond issue already referred
to, the Missouri Pacific Company is now entirely free
item of loans payable.
Kansas, which
upon traffic for several
weeks on some of the important through lines, and necessitated heavy expenditures to restore the company's
property to its former condition. Reference is also made
placed a
complete embargo
from floating indebtedness, this loan having, as President
Gould states, provided the funds necessary to relieve
unfunded obligations and in addition furnish means for improving the property and
enlarging the facilities to meet the requirements of the
the
enhanced cost of fuel and the higher scale of
wages paid employees. It appears from the statistics in
the report that the quantity of coal consumed increased
193,420 tons (this following naturally from the larger
to the
rendered),
train service
ton, against
All
$1 67
this is of
and the
coal
it
traffic.
RAILROAD GROSS AND NET EARNINGS
FOR JANUARY.
in 1903.
importance chiefly because
fi'om all
system's increasing
$1 71 per
cost,
company
The comparisons of
serves to
earnings, gross and net, of United
month of the calendar year,
compilations we present to-day, are
States railroads for the
acquaint the reader with the circumstances under which
Besides the
the results for the late year were obtained.
as disclosed in
the
first
was quite favorable. Such a showing is the more gratifying
there were a number of unfavorable conditions and inalso a reduction in the income from investments and as
In tlie South there was
the month this year.
other sources, due mainly to the absence of a special fluences in
item of profits which accrued in 1903 and was not re- a contraction in the cotton movement, owing to the low
staple, which induced planters to
peated in 1904. We allude to the $628,350 realized market price for the
falling
off"
in the net earnings from operations, there
from the sale of securities in 1903 in excess of their withhold supplies from market. In the West there was
shrinkage in the gram movement.
Greater
cost. As the company's indebtedness is increasing because a larffe
made necessary by the construction activity of course prevailed in general trade, a factor of
amount of new mileage which is being pro- no little moment as bearing upon the merchandise trafiic
of the capital outlays
of the large
vided, the call for fixed charges
was naturally
of the railroads, while in
heavier.
the iron
and
trades the
steel
was encouraging in the extreme.
It should also be remembered that comparison is with
operations of 1904 is shown to have been only $5,925,earnings in January of the previous
634, as against $7,586,493 on the operations of 1903. heavily diminished
The strength of the company's income position is revealed year. The loss in 1904 followed in part as the result
in the fact that notwithstanding this reduction of $1,- of the reaction in general trade and the prostration of
660,859 in the sum available for dividends, the amount the iron and steel industry which existed at that time,
situation
Altogether, the surplus applicable to dividends on the
remained $2,000,000 in excess of the re- but in the main was due to the extremely severe weather
The present year in January we had
quirement for the 5 per cent dividends being paid on then encountered.
the company's outstanding stock.
In other words, while on the 25th a snowstorm which approached the dimenthe call for dividends was $3,890,868, the amount ap- sions of a blizzard and tied up railroad traffic on the seaof income
still
'
on the operations of the twelve board from a day to a day and a half. But last year
months was $5,925,634, leaving a surplus of $2,034,766. some of the roads were tied up almost the whole montb^
As is known, the company recently made provision for particularly those in ]!^orthern New York and in Canplicable for the purpose
needs by the sale of $25,000,000 Missouri Pa- ada. On the whole, therefore, the weather would seem
cific Eailway 40-year 4 per cent gold bonds, additionally to have been less of an adverse feature in 1905 than it
The statement is certainly correct as far
secured by the pledge of capital stock of St. Louis Iron was in 1904.
its capital
&
Apart from this, how- as the roads in the territory between Chicago and the
ever, the balance sheet for December 31 1904 showed the seaboard are concerned, though perhaps it does not apply
finances to be in easy condition.
The principal changes to the roads west of Chicago, where the meteorologicaJ
in the funded debt during the twelve months were in the conditions in January 1904 had not been exceptional.
Our figures show $6,729,346 increase in gross earnissue by the St. Louis Iron Mountain & Southern of
$5,418,160 of Eiver & Gulf Divisions first mortgage ings as compared with the same month last year, or 6'94
bonds and the negotiation by the Missouri Pacific early per cent, while the improvement in the net amounts to
in 1904 of $6,000,000 of 2-year 5 per cent notes.
At $3,044,947, or 12-93 per cent, as will be seen from th©
Mountain
Southern Eailway.
Dec. 31 1904, according
to
the
pany had realized $7,200,000
following.
balance sheet, the com-
as the proceeds of
sale of bonds and, as a consequence,
it
had
advance
Increase.
Janyiarv.
94 road*.)
at that date
Amount.
practically no notes payable outstanding, against $1,121,-
t
733 at the close of 1903, while the item of "Loans
payable" had been reduced fi-om $5,111,209 to $3,436,957; furthermore, cash on hand Dec. 31 1904 aggre-
Operating expenses
As
already
6,729,846
77,058,349
73.373,950
3,684 .89w
503
26,5S3.3ei
23.638,114
8,044.647
1293
..
stated,
Our
gross
$4,847,915
less
or 25-19 per cent.
'
comparison
corded
and no
as
to
retard the
%
%
9P,91?,364
earnings in January 1904.
cent,
Per Cent
103.''41,71C
Net eamlnes
gated $5,282,398, against only $1,872,402
Dec. 31
1903. As the Missouri Pacific is financing the large
new mileage being built by the Iron Mountain Company, the latter further increased its indebtedness to the
Missouri Pacific Irom $8,092,074 to $14,732,634.
Disregarding, however, its obligations to the Missouri
1904.
1905.
loss
in
with
is
compilation
6'94
reduced
then
re-
earnings, or 4*54 per
than $8,095,639 loss in net
The temperature was
regular running of
so
earnings,,
low in 1904
trains,
with th&
THE CHRONICLE
1088
©flfect
not only of reducing the volume of
moyed,
traffic
Prior to
but also of greatly increasing operating costs.
1904, however, there had been large gains in
many
earnings for
be found the
totals
back
to
Tear
roads.
Qlven.
'Jar..
Ytar
Pruedtnt.
•09(185
I
63.316.855
'07(127
ei.OW.OSQ
'8S(13.
e0.345.2B0
62.706,271
'00(115
63,140,066
•00(114
78,264,483
00.614,376
68,753,141
66,312,14C
Below
will
Anthr. Coal.. '5
PreeeHng.
Decrea$$
East.
t
15.491,163
t
13.189,595
t
14,877.024
16,394,495
(
Tear
17,(533,862
14.601,313
18.744,045
17.447.63
26,S84,12£
20,480,025
25,911,701
+2.304,868
—1,116,571
+3,232.319
+1,296,415
+6,804,800
+-4,824.050
+8,635,99.)
30,138,751
01.617,108
32,003.376
80.021,883
80.441.463
+2.631,013
•03(105
29.745.47'!
+276.406
•041103
101,833,230
106.»)87,145
+8,371,340
+8,610.867
—4,847.915
24.043,886
3?, 139.525
05 (64
103,641.710
06.012.361
+-6.729.846
26,683,361
23.::38.4U
—8,095,839
+3.044,047
e2.aso.74('
Note.— Neither the Mexican roads nor the ooal-mlnlng operatlone
of the antbraoite ooal roads ave Inoladed In
any of these
totals.
In the case of the separate roads, there are several
which have sustained considerable decreases in gross and
many more which have suftered losses in the net. In
both instances, however, it is Southern and Southwestern
roads that are chiefly distinguished in this way, thus reflecting the eSects
from market.
gether
of the policy of withholding cotton
In the table we now give we bring
&
vania and the Baltimore
which
crease, in
fact
we
&
see
decreases.
ufacturing interests in the sections of country served by
UllnolB Central
Erie
Union Paolfio System.
Canadian Paolilo
Gr. Trunk Sys, (3 rds).
Lehigh Valley RH.,..
Clev. Oln Ohio.
.
& St. L.
Minn. St. P. <fe S. 8t«. M.
Central of New Jersey
Denver & Rio Grande.
Norfolk & Western
Buflalo Roch. & Pitts.
Phlla. Bait. & Wash...
Chesapeake & Ohio...
Colorado A Southern.
LonlsvlUe & Nashville
Lorn? Island
Wabash
Cln New Or. & T. Pao.
Bt. Louts &i Ban. P.. /
Chicago &£.min. 5
.
434.797
420,481
378,228
355.903
302,697
284,987
24«.397
177,994
134,033
128.4S9
122.798
121,798
100,500
100,130
94,489
91.950
85,072
80,637
78.700
68,316
N. Y. Ont. & Western.
Atlantic Ooast Line. .
Chlo. IndplB. & Louis..
Wheeling <fe L. Erie...
42,118
40,052
Sl,984
30,592
$138,295
100,327
82,232
42,635
37,668
32,886
Total (representing
6 roads)
$414,013
PBINCIPAL OHAHOEB IN NET EAKNIN08 IN JANVART.
Increases.
Increases.
Fennsyl. BR. (3 r'ds)t
$915,700 Ann Arbor
$30,556
Baltimore & Ohio
<fe Reading RR.*.
Erie
Phil.
Gr. Trunk Svs. (3 rds).
Lehigh Valley...
Ciev.Cin.Chlc.A 8t. L.
Illinois Central
Union Pacific System.
Minn.Ht.P.&S.SteM.
Denver & Rio Grande
Cent, of
New
Jersey..
& Western
Canadian Paoinc
Norfolk
Long
Island
Phil. Bait.
Peoria
<fe
<fe
Wash
Eastern
Honthem
PacltloCo...
N. Y. Ont. & West....
Colorado
<t
Southern.
Nashville
Louisville <ti
Bufi^.ltoch.&Plttsb'gh
482,542
423,9a5
827.125
274,470
267,551
260,629
25 1 ,665
215,529
126,400
118,529
110,780
73,104
65,017
64,267
59,000
61.886
51.009
43,260
35,90^
35.020
34,745
31,467
Chic. Term'l Transfer
30.047
Total (representing
28 roads)
$4,377,195
Decreases.
A.toh.Top. <k Santa Fe.
Wabash
Mo. Kans.
&
Texas...
Kock Island System..
Central of Georgia....
St. Louis Southwest...
Yazoo <S) Miss. Valley.
Chicago & Alton
Southern RaUway
Atlantic Coast Line....
Chic.Mll. <fe8t. Paul..
Kan. City Southern..
Wheeling
& Lake Erie
$238,964
208,360
170,509
112,927
97,668
94,000
91,484
90,029
83,934
73,686
61.084
44,108
32,386
Chesapeake <fe Ohio ...
Total (representing
13 roads)
$1,389,137
_^
• These fltrures are for the Railroad Co.; the Coal & Iron Co, reports
• decrease of $99,588.
t These figures cover only lines directly
operated east and west of
Pittsburgh and Erie. The net on Ea^itern lines increased $607,800
and the net oa Western lines increased 1i3v)8,400.
Classifying the roads by groups, every group shows an
increase in gross and every group also, witli the exception of
tlie
Southern and the Southwestern, an increase
+403,843
10-20
456,308
—482,611
-240.331
6-54
1,633,574
13,376,179
4,345,186
2,075,53:
40-48
23,960.091
23,716.057
6,032,78t
«,
16,007,349
16,556.676
4,673,915
4,023,241-
08,012,364
26,533,381
23,638,414
+3,014,947
12-93
4,184.45)
1,853.716
1.138,05i
+320,663
10-SO
Total (e4r'd8
Mexican.
103,641,71;
4,26'
(4)
,71f-
5-oa
Following our usual custom, we present one further
Starting with the total of the growth in the fore-
table.
going statement, we add the roads which have furnished
and hence could
not be included in the results above.
By means of this
supplemental table we arrive at a total of the gross which
comprises every road in the country from which we hav^
figures of gross earnings, but not of net,
been able
to
procure figures.
KUA.Ut)
REPORTING GROSS BUT NOT
January.
1905.
Repori'd above (94
roads)
....
IVKT.
1904.
Inerecue.
Deereate.
$
$
*
$
103,641,710
Ala.N.O.&T.Pac.N.OrL&No.East.
96.912,364 6,729.346
13,098
16,718
15,393
3,872,606
929,694
121,972
211,136
130,689
136,651
3,792,662
919,678
108,707
79,948
9,916
13,265
2,749,568
2,410.150
839,418
197,568
20,630
455,686
8,646
3,246,000
102.000
1139.830
6,044,458
3,324,012
197,129
20,283
489,555
11,226
3,377,000
158,000
439
1134.162
5,380,74e
8,108,598
5.668
663.712
216,419
330,098
48,117
1,139,449
16,100
242,229
45,504
18,581
3,079
Ham. &. Bull.
848,679
81,196
1,137,880
12,000
283,784
82,103
Total (116 roads).
127,073,058
198,038
113.841
Alab. & Vioksb...
Vlcks. Shrev. & P.
Chic.
<fe
I21,25f<
North West.
Great Northern—)
St. P. & M. M... V
East of Minn..:
1
Montana Contra,.
Illinois Southern...
& Gt. North.
Intern.
Maoon & Blrmingh.
Mo. Pao Alr.Mt....
Central Branch...
Mobile
Jaoka.iSi
KO
Y.Cent.&HudR,
Northern Pacific...
Vandalia RR.—
Tol. St. L.
Toron.
&
West...
Net
367
33,869
2,580
131,000
66,000
•>*• ••••
1,569
4,100
••• *••
41.556
6,899
119,220.078 8,127,307
274,327
7,852,980
Ino. (6-&8 p. c.)
H Figures here are for the four weeks enaicg Jan. 28.
*
t
3,942,845
6,667,45b
272,014
1.461,927
It will be seen that with
These figures are for the Railroad Company; the Ooal 4c Iron Oompany reports a decrease of $12,798.
inese tlgares cover only lines directly operated east and west of
Pittsburgh and Erie. The gross on Eastern lines increased $836,900
and the gro^s on Western lines increased $796,300.
150S
8,005,40:
Texas & Paolfio
Tei.Bab.Val.&N.W.
& Alton
Nash. ChaU. A. St. L..
Central of Georgia
Kansas City Southern
Mo. Kans. & Texas...
Georgia RB.
Chicago
-1-220.647
3,374,43^
2,014,605
423,661
8t. Louis Div
Terre Haute & Peo..
Decreases.
55-24
6,737.17(
t
4,406.83^
Bonth.PacwilS
N.
Total (representing
33 roads)
$6,934,382
477«
+839,oae
+160,747
7.669,11)
Detroit 8outhern...
PBIHCIFAL OHANGBS IN GROSS SWIHOS IH JANUARIT.
Increase*.
Increases,
$59,311
Pennsyl. RR. (2r'dB)t $1,638,400 Yazoo A Miss. Valley.
54,fi90
747.S53 Southern Paolfio
Baltimore & Ohio
42,700
Phil. & Reading RE.*.
443,786 Northern Central
P.O.
6,610,631
Chlc.8t.P.M.&Om.
the two systems.
t
-1-2,103.902
86,882,621
8onthem....(a8
to-
The PennsylOhio lead in amounts of inrevealed the activity of man-
$30,000, whether increases or
Mld.(13
IncorOec
1004.
It 03.
1
t
30,819.516
Mia. West 'n.(ie
7.091,957
Northwestern &
North Pac.dS 14,300,050
3onthwe»teni A
the changes for the separate roads in excess of
all
lines, (lOi
Inereait or
Tear
+4.589.S76
-3,650,030
+7.640.019
+4.396.81'
-11,962,343
Tmnk
10C4
1006.
January.
Nit Earninoi-
N«t Jiamins*.
Oro$t Bam*nii$.
SKOTION OB
81.878.88.
•08(109)
SUKHAKT BT aBOCFS.
asoup.
Increase or
Deeretue.
1
48.726.930
61.615,61t
large.
99,888.448
100.840,9^7
•01(130)
eight groups recorded losses in gross.
1896.
Qroti Earningt.
rtar A
No. 0.'
In January last year every group, without
any exception, had recorded a loss in net, and live of the
in the net.
successive years, though the additions
were not always proportionately
to net
gross
[Vol. lxxx,
these other roads added on
month reaches $7,852,980,
In January last year there was a loss,
same methodj of $o,776,o62.
the increase in gross for the
or 6-58 per cent.
according to the
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The public sales of bank stocks this week aggregate 107
shares and were all made at the Stock Exchange. The
transactions in trust
a total of 334 shares.
company
A
stocks, all auction sales, reach
block of 250 shares of stock of the
sold in one lot at 645J^ and a lot of
Equitable Trust Co. was
80 shares at 645. Stock of the Commonwealth Trust Co.,
which brought only 50>^ in October 1904, sold this week at
lOlK.
BAnKS—irew lork.
Sharts.
*100 City Bank, National
Commerce, Nat. Bank of
TBD8T COMPANIK8— JV^ew Tork.
15 Broadway Trust Co
38 colonial Trust Co
4 Commonwealth Trust Co
42 Empire Trust Co
2a« Equitable Trust Co
*;
•
Price.
290
2i!5-228
Latt previout taie.
Mar. 1905— 295
Mar. 1906— 228
411
Nov. 1901Mar. 1905-
I01i«
Oct.
173i8
211
64D-6454
169!<i
390
1904- 60>#
Jan. 1906— 240
Jan. 1905— 675
Hold at the 8took Exchange.
—In
National Bank of
To
fifty
years
of exiatence.
out
this city will have rounded
melittle
commemorate this semi-centennial anniversary, a
mento In book form la issued by the bank bearing the caption, "Through Fifty Yaars—The Story of a Bank's Progress."
May
next the
From
New York Coanty
the rress of Robnrt Grier Cooke, the
volume
Mar.
THE CHRONICLE.
18, 1905. J
beirs the impress cf superior desigc. The gratification with
which the bank looks back upon its history of the past halfcentury is justifiable. To quote from one of the bock's pages:
"It is its dividend-paying capacity which tells the story of a
bank's business and of the soundness of the policy on which
As a dividend-payer, the New York County
it is managed."
National, with 75 per cent yearly, takes third rank among
the banks of the city. Beginning with 4 per cent in its first
year, the bank has steadily increased the rate to the abovenamed per cf nt, and three times It has paid au extra dividend of 100 per cent. It has never passed a dividend.
It was in the day of State banbs that the New York County
come into exiatence, and it was as a State bank that it began
business. Ten years after its organization, in May 1865, it
entered the National system. With the view to providing
for the rapid increase In the bank's business, the buildicgs
adjoinlBg, on both the 8fch Avenue and 14th Street rides,
have been purchased, and as soon as possession can be obtained and the architects' plans adopted, the present fl )or
space will be extended and the banking rooms and sate deposlb vaults equipped with every additional device procurable.
Mr. Francis L Leiand has held the presidency of the
bank for the past twenty years. He succeeded his father,
Francis Lsland, in the cfficse, the latter at the time of his
death in 1885 having served uninterruptedly as its head for a
period of twenty-nine years. William H, Jennison and William Carpeuder are Vice-Presidents and Frederick Fowler is
Cashier.
—It was reported on Thursday that a membership in the
had been transterred for a con-
New York Stock Exchange
sideration of $85,000; this, if correct, is the highest price
ever paid for a seat on the Exchange. Two transfers at
$S3,0C0 each were also reported this week.
—Mr. Richard L Edwards, the well known executive of
the National Bank of North America of this city, retired
from the presIdeEcy of that institution this week. Mr. Edwards's resignation was presented at last Thursday's meeting
of the directors, and accepted. Mr. James H. E jkels. President
of the Commercial National Bank of Chicago, and formerly
Comptroller of the Currency, is mentioned prominently as
his Euo^essor.
Mr. Edwards's retirement was received
with much regret by many old friends and a large
following
of business acquaintances, whose confidence
and esteem he
has
enjoyed
uninterruptedly
during
busy
a
lifetime devoted to banking.
Mr. Edwards Is now sixty-eight years of age and was President
of the N.Y. Gold Exchange Bank until 1879, and then President of the Bank of the State of New York. When the latter
institution was united with the National Bank of North
America, in 1902, he became the head of the consolidated
concern. Mr. C. W. Morse was this week elected Vice President of the bank. Mr. Morse was previously a Vice-President, but during au absence abroad was not re elected at the
regular election of officers in January.
—The New York Produce Exchange Pank, at No. 2 Broadway, operating seven New York branches, has made subgrowth during the past year, its deposits advancing on March 2d to |7,228,871. Twelve months ago the
stantial business
amount was
$5,602,143.
By April 15th the institution expects to take possession of its fine new home nearing completion on the corner of Broadway and Beaver streets.
Mr.
Forrest H. Parker, the PreBlden"-, has as his associates Mr.
William A, Sherman, Cashier, and Mr. John R. Wood, As-
elBtaot
Cs shier.
—During the past six months the Mutual Bank, on the
corner of Broadway and Thirty-third Street, added over
1800,000 to its deposits and |32,978 (exolaeive of dividends) to
surplus and undivided profits. The institution's resources
are now over $4,000,000, of which $3,675,643 represents deand $326,024 surplus and undivided
profits.
James McCienahan is President Samuel McMillan,
Charles A. Sackett, John C. Van Cleaf, Vice-Presidents;
Langley W. Wiggin, Cashier, and William B. Krug, Assistposits, $200,000 capital
;
ant Casbier.
—Action approving the merger of the Sprague National
Bank of Brooklyn with the Mashanlos' Bank of the same
borough WS3 taken by the stockhalders of the first-namgd
institution at a meeting on the 10th Inst. It is understood
that the Sprague will be operated as a branoh of the Me-
1089
chanics' as soon as the legal requirements preparatory to
consolidation have been fulfilled.
—The
International Banking Corporation, 1 Wall Street,
its new building at 60 Wall Street ready for
occupancy about the latter part of April.
expects to have
— Of
the several tanbicg institutions in Hoboken, New
newest— the Hoboken Trust Company— has suc-
Jersey, the
ceeded in making a place for itself. This institution started
July 1 1902 not far from its present banking house at the
head of Washington and 14th streets, and is therefore the
only concern now doing business at the upper extremity of
the citj^'a boundary. Although its location is away from the
so-called business section, .the institution has been able to
build up a good business, as the following will indicate:
Deo. 31 1902
Deo. 31 1903
Dec. 31 1904
The
capital stock
Deposits.
8ur.<£ profits.
$178,0S2
385,254
744,501
$51,024
58,5C0
64,181
$359,106
576,754
908,687
The company's
staff consists
$100,000.
is
of Charles Fall, Pieeident;
Adam
Resources.
Rielsenberger, Vice Presi-
dent; Frederick A. Schwartz, Secretary and Treasurer,
and
Samuel F. Hartzel, Assistant Secretary and Treasurer.
— Emmett Smith, President of the Bayonne Trust Company
of Bayonne, N. J., since its organization in 1902, died sud-
denly on the 11th Inst. Mr. Smith had otherwise been prominent in the affairs of the city, lately resigning as City Engineer and Surveyor.
— George R, Harris, a member of the banking firm of
Blake Brothers & Co., died at his home in Brookline, Mass.
on Sunday. Mr. Harris was sixty seven years of age.
—The
organization of the Fidelity Trust Company of Baltimore, Md,, will be completed on Monday, the stockholders of
the Fidelity
Deposit Company of Maryland having on
Wednesday assented to the recommendation of their direct-
&
ors to turn over the
banking and safe deposit departments of
the latter to the projected institution. Mention of the plan
was made in our Issue of two weeks ago. The trust company
be organized with a capital of $500,000 and surplus of
amounts will at once be increased to $1,000,Each stockholder of the de000 and $500,000, respectively.
posit company will have the right to subscribe for one share
of stock of the new institution, for each ten shares held in
the existing company, at the rate of $150 per share, payable
will
$250,0C0,but the
on or before June
15.
—The
International Trust Company of Baltimore Is again
domiciled In Its former quarters on Baltimore Street. This is
one of the institntions whose building suffered to such an extent in the fire of February 1904 as to necessitate partial reIn the remodeling of the structure the com-
construction.
pany has evolved banking rooms exceptionally attractive,
the colors in the wall decorations harmonizing well with the
mahogany furniture of
various rooms.
antique
pattern
installed
in the
—According to the report filed on the 11th inst. by the
Trust Comappraisers of the defunct City Savings Fund
pany of Lancaster, Pa. , the liabilities are |933,850 and the
&
developed assets $759,879.
—•Jacob Beitzel has been elected President of the Drovers
& Mechanics' National Bank of York, Pa., to replace the
late Samuel Lichtenberger,
—The invitation extended by the Cleveland Clearing
House to hold the current year's convention of the Ohio
Bankers' Association in that city was accepted by the executive counoll of the association at a meeting In Columbus on
the 8th inet. The date is left open until the announcement of
the date for the convention of the American Bankers' A«sociaA. B. Voorhele, Vicetion, 80 that the two will not conflict.
Bank
of Cincinnati, has
National
German
President of the
been elected Chairman of the executive committee to succeed George
—The
W.
Sinks.
the German National Bank of Cincinnati,
public the following statement with regard
officials of
Ohio, have
made
to the $55,000 missing
from the
Institution's
Government
re-
serve i
"Cincinnati, March 10 1905.
"At the regular meeting of the board of director*, ht Id this day, It
was resolved that the shortage of $55,000 be charged to the profit and
"Gkoeob H. Bohrer, President
loss account.
"W. C. WACH8. Cashier."
The resignation of Paying Teller Gusiave Stecher occurred
this week, having been asked, according to the Cincinnati
1
090
THE CHRONICLE
papers, on acooaot of his admitted participation in
tlie
stock
market.
—The
transfer of 835 ehares of the $3CO,000 stock of the
of Toledo, Ohio, is reported. Tbe
Holcomb National Bank
ward a balance
of £3,590 9s. 7d.
Vol. lxxx.
Since the last report a
branch has been opened at Campbellford, Oatario, and a
eub-branch at St. John, Union Street. It may b"? of interest
to recall that the
W. W. Ed- York
stock was disposed of by William A. Hume to
wards, President of the Buckeye National Bank of Findlay,
Ohio. A little lees than |150 per share, or $18,500, was paid
for the holdings.
I
asrenti are
bink was established in 1836.
L'»w30ti and T. C. W'^lsh.
The Ntw
W.
^lorrrctarijICamin erct.- "C^neUsltfJlj^tUS
[From onr own oorre8i)oad©nt.]
London, Saturday, Mjrch 4, 1905.
Business on the Stock Exchange has continued good all
through the week. Perhaps it has not been quite as active as
last week, but it has undoubtedly been good, and the tone
has been excellent. Some disappointment has been felt
share. This right, it is announced, was waived by several, because
the directors of the Bank of Eagland have not as yet
thus allowing new parties to become interested in the insti- put down their rate of discount. Upon the whole, however,
tution.
people recognize that it la desirable that the Bank should be
—The Detroit Trust Company of Detroit, Mich., has in' made as strong as possible before the rate is lowered, and
augurated an auditing department under the management the policy of the directors helps to attain that end.
of Frederick Wixson. All classes of auditing and accounting
On the other hand all the intelligence reaching Western
required by courts, municipalitiep, corporations, firms and Europe goes to show that the internal condition of Russia is
individuals will be looked after by the new department.
growing worse and worse; that the Siberian Railway is
—The board of directors of the Northern Trust Company, working exceedingly badly, and that the position of General
Chicago, on Tuesday elected Mr. Robert McLeod, its Chief Kuropatkin is growitg desperate. Naturally, all this has inClerk, who had been with the bank for a number of years, spired the Continent with uneasiness. Both in Paris and
Berlin, therefore, there is an unwillingaesB for the time
to the position of Assistant Cashier.
—Tbe Illinois Stite Auditor has issued a permit to John being to engage in new risks. And that, no doubt, accounts
R. Burgess, W. K. Pattison and A, B. Shaw to organize the for the slightly less activity in London during this week.
Englewood State Bank at Chicago with a capital of $200,000. There has, of course, been both French and German buying
smaller scale than the week
—The annual report of the Equitable Trust Company of in London, but on a decidedly
before.
Chicago, just promulgated, shows the net earnings of the
In London itself, however, the feeling is very hopeful.
company for the fiscal year ending February 28 as $159,706,
Consols, Irish land stock, Transvaal threes and other first
or about 32 per cent on the capital stock of |500,000. It has
class securities have advanced further, and unless something
been the best year in the Equitable's history. The regular
entirely unforeseen happens in Russia they are likely to go
semi-annual dividend of 4 per cent was duly declared and
British railway stocks have improved somestill higher.
$50,000 transferred to tbe surplus account, making a total
but they have reacted, partly because there is disapwhat,
surplus of $400,000, besides $50,000 (approximately) left as
pointment that the railway companies have not responded to
undivided profits.
the demands of their shareholders and of the more intelli—Mr. Aug. Wright has been elected President of the gent of the public to collect and publish better statistics.
Petersburg Banking & Trust Company of Petersburg, Va.,
The most notable event of the week, however, has been
succeeding N. T. Patteson Jr., who declined re-election.
the sensational advance in Hudson Biy shares, which rose
Joseph W. Seward has been chosen to fill the office of Viceone day this week over £7, and in quite a short time have
President which Mr. Wright vacates. It is possible that the
advanced £20. The capital of the company is very small,
institution may be converted into a national bank, and the
only £1(0,000, and the shares are of the nominal value of £10.
paid-up capital increased from $100,000 to the authorized
They are now quoted at 78. The company owns immense
amount of 1300,000.
tracts of land. It is said that the rapid rise is largely due to
charter has been issued to the Bankers' Trust Com
the operations of an American syndicate which puts a hi^h
pany of Memphis, Tenn., efforts to organize which were an- estimate upon the value of the lands. There has likewise
ncunced last spring. It is stated that of the subscribers to been a rise in Pekin syndicate shares. On the other hand
the $1, COO, 000 capital of the new concern, 300 consist of there has been a fall both in Russian bonds and in Japanese
banks or bankers. Through the establishment of the pro- bonds. The fall in Japanese bonds has been largely due to
jected bank it Is hoped that a considerable portion of the rumors that the Vice-President of the Bank of Japan was on
money required for the marketing of Southern crops will be his way to New York and London to negotiate a new
furnished, making unnecessary to that extent the demand on Japanese loan,
Northern financial houses.
Though, as already stated, the directors of the Bank of
The later-State National Bank of Kansas City, Kansas, England made no change in their rate of discount this week,
has reduced its capital from $1,000,0]0 to $500,000, the stock- it is very clear that the rate must be reduced very soon. The
holders having endorsed the proposition at a special meeting Bank is very strong, and, moreover, the London money
on February 27. The reduction was advocated by the offi- market is the dearest in Europe jastnosv. lb is dearer even
cials inasmuch as the old capital, with the large surplus, was than Berlin, where, it will be recollected, money was exceeddeemed to be entirely out of proportion to the deposits, which ingly tight in December, the rate of discount of the Imperial
average between four and five million dollars. The bank Bank at that time being 5 per cent. No doubt the ease in
now has available as working capital over a million dollars, Berlin now is largely due, firstly, to the coal strike, and,
the capital and surplus standing at half a million each, with aecondly, to the appreheneions excited by the internal conundivided profits of $57,542, after charging off certain bad dition of Russia. But all the same the fact remains that the
debts and reductions in real estate account. The return to London money market is dearer now than any market on the
the stockholders was at the rate of |50 per share. The bnnk Continent. In Paris there is a vast accumulation of unemis under the management of J. D, Robertson, President; Lee
ployed money. But the banks apparently are so nervous reClark and George 3. Hovey, Vice-Presidents, and William C. specting the internal condition of Russia that they are not
Henrlci, Cashier.
increasing their balances either in London or In Germany,
—The Bank of British North America, head office Mon- la other words, they are keeping their resources well in hand
treal, has issued its sixty-ninth yearly report.
From the It is true that there has been buying on a fairly large scale
business for the last half of 1004 tbe profits, including by the French banks and by large French capitalists, both of
£5,832 5p. 9d. brought forward from last account, amount Britii^h consols and of German consols. Upon the whole,
to £67,673 12s. 6i., against £47,873 18^ 4d. for the corre- however, the banks are keeping their funds well in hand.
sponding period of 1908, a dividend of 303. per £30 share has
In London the collection of the revenue is just now on an
bsen declared, being at the rate of 6 per cent per annum; extraordinary scale, and although the Government paid out
£20,OCO has been added to the reserve fund, making tbe considerable sums during the week, especially the first two
amount of that fund £120,000 and £10,000 has been appropri- or three days, still the collection of the revenue has made It
ated on bank premises account, leaving to be carried for- possible for the Bank of England to retain control of the
stockholders of the Capital National Bank of
Indianapolis, Ind., approved at a meeting on Monday a pro
posed increase of $200,000 in the capital. The issuanoe of
the new stock will give the bank a capital of $500,000. Stockholders had the privilege of taking the new stock at 145 per
—The
—A
—
Mar.
THE CHRONICLE.
18, iyo5.]
open market. Consequently, the Bank has been able to do a
very large bnsiness and to practically regulate the rates of
interest and dieooant. About the middle of March, however,
the payments out of the Treasury will exceed the receipts,
and hence there may then be a material decline in rates.
O a the other hand preparations will have to be begun then
for the requirements at the end of the month aad of the
quarter. For this reason rates may be fairly well maintained during March and until the 5th of April, when the interest on the national debt is paid. However, the directors of
the Bank of Ecg'and will undoubtedly reduce their rate of
discount next Thursday, March 9,
The India Council contiEues to sell its drafts well. It
offered for tender on Wednesday 90 lacs, and the applications
amounted to over 673 lacs, at prices ranging from Is. 4d. to
Applicants for bills at Is. 4d. and for
Is. 4 l-16d. per rupee.
telegraphic transfers at Is, 4 l-16d. per rupee were allotted
about 17 per cent of the amounts applied for. Later in the
day the Council sold by special contract 10 lacs of bills at
4 1 32d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
Is.
1905.
Mch.
«
27 5(*3,105
ClTcnlatlon
Public deoosltt
Other deooslts
Government
Other
15,180,749
41,55»,.«7
15,6H»,185
securities
Srf.Hfti.hSl
Reserve of notes and coin
Coin & buiilon, botli departm'ts 38,991.9«9
Prop, reserve to liabilities, p. o.
62^
BanJi rate
3
percent.
15-iexd
Consols, 2^ per cent
eo
,
SUver
Clearlng-House returns
Mch
8.
9.
27,963.270
11,117,041
28,6«4.305
83 840,675
12t53,»42
18.49l.678
4l,041,e6tf
48,704,798
14,654,863
3H.li:6
38,9n5,!i0.i
83 550.01)3
25,l';a,ll3
2*5.^95
8&,561,417
37,361,5i5
009
lB,27i,48B
860
li%
3
94
4
919-36
857-18
226-l6d.
26 li-lfld.
835,775,000
27 ll-lOd.
301.ad2,0L0
i«oa.
Mch.
3.
Jt
19.2at,834
25,7i«,»97
26.550,40M
36.0H3,e79
48 16-16
4
296-:8,».S6
secttrttlea
1908
1904.
Mch.
X
1.
The rates for money have been as follows:
*
e
London
*•
••
"
I'adtBiiU.
Bank BiUt.
B
Feb.
lnt*r*tt Allowi'^
fordepotitiiii
Ov*n Market Bate*.
Month*,
Month* StMot. iMoi
Month*
i
2«
2^® 2 0-16
8 8
11 3
17 8
21 3
2 7-16®?)^
3 3
2HmH
2H&3
2Ji
2U
2«
2M
8-lf@2% 2^®3
2
Joint Hn'tE'
Stoeh At 7-14
Bankt laU Dayt
8
2^@2 7-16
2H@2%
rate of discount and open market rates at the
Continental cities have been as follows:
The Bank
•jhief
March
Feb
4.
.
Feb
i6.
Feb 11.
18.
.
Bat** of
Int*rt*t a t
Bank
09*n
Bat*. Marks
17-16
Pari!
8
Berlin.
3«
SH
SH
VA
3
8
2H
2H
2%
HambarR
Trankfort
Amiterdam....
BroMelt
Tlflnna
at.Peteribnrff.
Madrid
CoDonhasen.
.
19-16
8
8«
3»
Open
Bank
8
3
m
2
3
4
2%
8H
3»
8H
8
4
2
8
4
8
S
2H
2H
2%
3
2«
2k
2H
8
m
IH
2M
2;*
3
3
9H
nom
6%
iH
8
4M
8
4
4
4
4
&
Bank
09tn
Bat*. Mark*\ Bat*. Market Bat*. Marksi
3><
8«
Messrs. Pixley
March
Bank
nom
aoa.
4
3
4
2
3
8k
B«
4H
4
aoru.
9
4
1905:
Gold— with the exoeptlon of the amounts rfquired for TniHa, the
Bank of Eneland has received all arrivals, and tliia seems Hkely to be
the case npxt week as well. £528.000 has reached the Bank since
our last, and Of this £515,000 lain bars. £200,000 has been withdrawn, of which £150,000 Is forEstypt and the balance for Santh
America, Arrivals: South Africa, £610,000; Aastralla, £14,O0C;
West Africa, £10,000; Vera Oroz, £7,000; total, £641,000. Shipments: Bombay, £62,000; Colombo, £2,500; total, £64,6o0.
Sliver— At the end of last week the market was firmer, and spot silver advanced to 27i5|6d. on some Indian Baz*ar and other orders. On
Monday, however. In tue absence of buying orders, and a little prasnure to sell, we fell to 2788'1-. and then, after a Rll8;ht recovery to
27iiied., we have today seen a further sharp fall to 275, gd, with
forward at 27d. At these quotations the market closes steady with
small buyers, whilst sellers are Inclined to hold back Thronsthout the
week forward has been qaoted at oiGi. to ^^sd under spot. The Indian
price is lis. 70^8 per lOO tolah». Arrivals New"i ork, £152,000; Aa«trallft, £3,000; total. £T55,OoO.
Shipments Bombay, £76,800; Ualontta, £llfi,^9oO; total. £193,700.
Mexican Dollars— These coin continue quite nominal in the absence
:
:
of bnsiness.
of cereal produce into
the United Kingdom during the twenty-six weeks of the
season compared with previous seasons:
VMPORTH
1904-5.
1903-4
Imp'tB of wheat, owt.49, 901. 200 44,^^^,461
Barley
13,615,400 19,970.4^8
OatB
6,622,000
8.266.^98
Peas
1,163,181
1,261,209
Beans
904,830
1.251,878
Indian corn
22,790,900 26.916,497
Floor
6.010,520 12 283,424
Supplies available for consumption
(exclusive of Stock
1):
1904-5.
„^
Wheat Imported, owt.49,901,200
Imports of flour
6,010.520
Sales of home-grown. 9,518,791
Total
66,430,511
1903-4.
41.225,461
12,283 424
10,469,463
67,978,348
The following shows the quantities
maize afloat to the United Kingdom:
wttk. Lati y/eeek.
3,695,000 3,333,000
165,000
1»2,000
3'Ait
Wheat
1902-3.
1901 2.
39,888,467 31.137.2t0
17,389.S07 14.875,900
7,930,^83
9,616,300
1,085,80'.
1,040,792
1,042,«0C
1,052,649
19.4S5,503 24,145.800
9,784,977 11,240.500
..„.,,. qrs,
Flour, equal to qrs.
Maize...^
qra.
510,000
490,000
1902-8.
39.888,467
9,784 977
13,558.608
1901-2.
31,137,200
11,240,500
16,288,514
63.232,052
58,666,214
of wheat, flour and
685.000
1903
2,495,000
245,000
& 10,000
Fri.
27
9158
91!i»
&
Chesapeake
<&
58^
Ohio
68
24
Ohio. Great Western... 23\
Ohio. Mil. & St. Paul... 186»«
Pacific. S7
Ohio. Book I.
Den.& Rio Or., com.... 34I4
91
4938
Preferred
Erie, common
Ist preferred
&
Phlla.
Reading*
iBt preferred*
50%
2d preferred*....
Southern Paolflo
Southern Rallw., com..
47
73
68%
42i«
1661a
SS-'e
84
72
7lia
48k
8a%
71%
167
1671a
I4714
148I4
33%
33%
26
33 14
70
70
43
691a
J6'>ia
26
32%
68I9
48
43
I69I4
6308
8988
1671*
6238
8914
58%
90%
90
961a
1651a
167%
167%
74^8
501a
4714
50 14
47 14
7508
501a
4714
47
47
47
47
7214
871*
7238
7178
3738
1021a
13914
361a
102
1371s
102 »«
I02ifl
3738
3(38
981a
6II4
89»8
531a
96
96
102
1021a
I.S778
139
102 »«
I02i«
721a
3714
I02i«
13979
102 >a
3818
9914
37 •'a
37%
99%
9938
361s
37 la
4714
24
24
24
IS
481a
481a
481a
481s
73
74I8
491s
74%
24
73
96
166
168
98 '^8
24
72 1«
'
36
93
48%
147
26
43
171
75%
50%
I38J4
I02i«
Preferred
3758
tJ. 8. Steel Corp., com..
Preferred.,
9858
36
37
94
165%
26'a
251s
1851a
351a
187
9314
49ie
147%
eo%
60
26
187
36
37 H
841a
711a
166Ja
331a
^nlon Paciflo
T)phentTir« "B"..Frlot^ Vfx Httwre.
93
49 !«
25%
lOiifl
Preferred
91
I6514
1481a
47I4
Wabash
37
72ifl
Mo, Kan. & rex., com.. 32%
67 14
Preferred
43
Nat, RR. of Mex.,lflt pf
N. Y. Cent. <fe Hudson.. 164ifl
N. Y. Ontario & West- 58551
88>«
Norfolk & Western
96I3
Preferred
Northern Seourltlea
164»fl
7514
Pennsylvania
241a
S4i«
85
85»ii
73V|
Illinois Central
1641a
Louisville & Nashville. 146>«
26
Mexican Central
67%
25
36%
49%
2d preferred
57ifl
I88I4
36*8
1851a
&
73
47H
47
71
24
;7i4
73
73
©ommcrclaX autl SlOiisccXlaiiconsMexus
«^
BIVlWeiiIMM';*
Nmjm
<fe
Columbas
Dayton <S> Mich., com., guar
do
do
pref,, guar. (qnar.)..
Interborough Rapid Transit (quar.)...
Manhattan, gaar. (qnar.) (No. 84)...
.
N. y. New Haven & Hartford (quar.)
Old Colony, guar, (qnar.)
Plttsh. Yonngs. &s Ashtab com. & pf
,
Southern Ry., Mob. <fe O. stk.
Street Railways.
tr. otfs..
Y.) Ry
Cleveland Electric Ry. (qnar.)
Detroit United By. (qnar.)
LonlBville Traction, com
do
do
pref
Bldge Ave. Pass, Phlla. (qnar )
Rochester (N. Y.) By., pref. (quar.)
8t. Job. (Mo ) Ry L. H.& P., pref.(qa.)
Blnghamton (N.
Union Traction of Indlann.pref.
Washington Water P Spokane (quar.)
West End
Street, Boston.
com
1
Mar
21q
Apr
2
1
Apr
Apr
May
Apr
2>2 Apr
$3 Apr
li< Apr
l"* Apr
2W, Apr
IH Apr
3>s Apr
nfJscellaneons.
American Iron & Steel Mfg., com
do
do
do
pref. (qu.)
i
)
do
do
do
pref. (quar.)
Central Coal & Ccke, com. (qaar.)
do
do
do
pref. (qnar
Internat. St. Pump, com. (qu ) (No.16)
2
1^4
1
1
1»4
mj
)
Mergenthaler Linotype (quar.)
2^2
New Haven Iron <fe Steel
New York Dock, pref
Otis Elevator, com. (No 3)
ISO
1
2
do
do
pref. (qnar.i
Royal Raking Powder, pref. (qnar.)...
do
do
Union Switch
<fe
Iron,
do
<&
Signal,
do
do
com
pref. (qu.)
(qnar.)..
pref (quar.).-
com
Union Typewriter, com
dj
do
Isipref
(10
do
2d pref
United Fruit (quar ) (No. 23)
United Shoe Machinery, com (qnar.).
do
do
do
pref (qnar.).
Va.-'Jar. Chem., pref. (qnar.) (No. 38).
Westinghonse Air Brake (qnar.)
(extra)
do
do
do
"Transfer books not closed
ittcttdm SHii-y-
50 Poie Mfg. Co., Ist pref.. 73
250 Pope Mfg (;o., oom...6 to 6i8
30 Trow Directory Printing
70ie
& Bookbinding Co
173i«
15 Broadway Trni-t Co
4 (lominonweallh Tr. Cc.lOlia
ICO H-*nce Asbestos Mining
*< per sh
Co
9,400 Houston Oil Co of Tex
com. (trnst company
certs, of deposit)
7 to 10
OH Co.otTfx..
pref. (truB'
certB.of dep
to
Mar
Mar
11
11
to
to
1^
i\
2's
2
2Si
3
3's
4
1\
a
]ia
2
2V:
2Hi
Apr
3 4 la to
39%
Apr
Apr
1
1
Holders of reo. Mar 9
Holders of reo. Mar 31
Holders of rec. Mar 18
Mar 24
to
Apr 1
Holders of rec. Mar 20
Mar 23
to
Apr 1
3i
Mar 25
to
Holders o! rec.
to
31 Mar 24
1 Holders of rec.
1
Mar 31
Mar 18
Mar 31
Mar 16
Holders of reo. Mar 25
Holders of rec. Mar 26
22
to
Mar 31
Apr
Apr
Mar
Apr
Apr
Apr
Apr
Apr
Apr
Mar
Apr
Apr
Apr
Apr
Mar
Apr
Apr
Apr
Apr
Apr
Apr
Apr
Apr
Mar
Mar
18
to
Apr
1
Holders of reo. Apr 10
Holflers of reo. Apr 10
Holdwrs of rec. Mar 81
Hclilers of rec. Mar 31
Mar
to
to
21
Maris
Apr 2
MarSl
Holders of reo. Apr 1
Ho'ders of reo. Mai 31
Holders </f reo Mar 31
Holders of rec. Maris
Mar
to
2:<
Apr
Mar 23
to
Apr
Holders of rec. Apr
Holders ot reo. Apr
Holders of rec.
Mar 19
Mar 19
Apr 1
Apr 1
Apr 1
Apr
Apr
Apr
Apr
Apr
to
to
to
to
to
ik,
3
3
1
1
Mar 31
Mai 22
Mar 22
Apr 16
Apr 10
Apr 10
rton
Stocks.
280 Equitable Trust Oo.645-645ia
Bonds.
$2,000 Simpson Sec. Co. o"ll.
Tr. 6c, 19i9, J*J ....8158 & int.
$1( 0,'"00 Cross Country RR.
Ho. Ist 4i, 1951, oonpou
No. 3 attached
2
$180,000 Jack
Ry. Co. Ist
conpmo
& Ann
fs,
Arbor
1904, all
attached
$100,«>00 Manhat. Typewr'er
Co. 1st «8, 1936, coupon No,
7 attached
$20,100 Hawklnsvllle & Fla.
5
1
102 & Int.
1952
RR
$5,000 Youijps.-Sharon Ry.
& Lt. Co. 2d 5b, inc., 1927. 50
Ist, fts,
company
)
10
Uy Messrs, Adrian H. Muller
Slock f
241
2 Empire Trust Co..,
411
S3 Colonial Trust Co
4' Ter.W'ehoupeCo. of N.Y. 27'''8
2,450 Houston
Mar
1
Mar
3
2^ Apr
Mar
5
American Screw
American Telep & Teleg. (quar.)
American Type Founders, com. (quar
Mar 15
Mar 20
Mar 15
Mar 16
to
Apr 2
Mar 16
to
Apr 4
Mar 21
to
Apr 2
Mar 18
Mar 29
to
Holders of reo. Mar 15*
Holders of rec. Mar 10
Holders of rec. Mar 15
Mar IH
to
Mar 31
Holders of rec.
Holders of reo.
Holders of reo.
Mar
Apr
Apr
a
1^ Apr
1»4 Apr
Mar
2
134 Apr
Mar
Apr
2
1
1»4
Trust Companies.
Pranklin, Brooklyn (quar.)
Long IsM. li. <fe Trust, B'klyn (quar.).
New York (qnar.)
Williamsburg. Brooklyn (quar.)
Sl'jss-Shettield Steel
Booka doted.
(Days Inclusive.)
Cent Payable
Railroads (i^teani).
Ashland Coal & Iron (qnar.)
Boston & Providence, Kuar. (qnar.).
Cleveland Akron
When
Per
Company.
0/
,
1904.
3,0X0,000
205,000
Thurt.
7
28i5ie 26%
26Uie
tflia
9118
9X38
91«ie
9II4
aiiaie 9:iii6
For account
911a
Fr'chrente8(lnPari8)fr. 100 45 100-36 10042 »« 100 -.37 la X 99-60 99-4219
91%
^1%
9178
Spanish 4b
......
91%
6I4
6i8
6!»6
5''8
638
A.>iaoonda Mining
94I4
Is
95
9378
93 38
9214
A.toh. Top.
Santa Fe. 95
10«
107
107
106 >«
106
Preferred
106
II8I4
114
11418
U314 11314 H219
Baltimore & Ohio
99»«
100
100
9aia
Preferred
991a
153'«
I5214
152% 15218 .152
Cctnadlan Pacific
1501a
d
2% p. ots.
Gon80i8.,new,
6.0
The following shows the imports
Wed.
Tue*.
2 3,g
9158
,
Abell write as follows under date of
2.
on September
[n*rci«'ti«~S'PV- t^ablo.
Mon.
8at.
per onnoe
Silver,
2k
ak
2k
2H
Ik
Ik
299® 3
2Mi«2J4
BnyfUsb Pinanctal
liONDON
Preferred
25 6 led.
249,41 4. OUC
259,76b,000
1091
THE CHRONICLE.
1092
New
Yoi'k City Clearing House Ban ks.— Statement of
condition for the week ending March 11, 1905, based on avei»ge of daily results.
We omit two ciphers (00) in aU cases.
Vork City. Bo.ston and riiilndeiphia Banks.— Below
of the weekly retuins of the Clearing House
Banks of New York City, Bo.ston and Philadelphia. The New
York figures do not include results for non-member banks.
>'e>T
summary
a
is
We
CapttaUl
BA.XKS.
Capital.
Surplus.
Leans.
Legals.
Specie.
i
Deposits Re.
40s omitted.
s'
[Vol. lxxx.
BANKS Surplus.
oviii
two ciphers (00) in all these
Loans.
Specie.
Leyals,
fir/tires.
Ue.
Circii-
posits.\
lation.
N. V,
$
Bk. of X.
T
JIauliat.
Co
Meich.ints'
Jlecliaiiics'.
America
Phoenix
...
City
Chemical ..
March. Ex
.
Gallatin
But.
& Drov
MeclkATra.
Greenwich
Amer.Exch.
Commerce..
Mercantile
Pacific
Chatham
People's
...
...
N. America
Hanover
...
Irving
Citizens'
..
Nassau
2,000,0
2,050,0
2,000,0
3.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
Mar.<fe Full.
1,000,(J
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
.
...
Imp. & Trad
Park
East River
Fourth ....
Second
First
N.Y.NtEx.
Bowery ...
N. Y. Co...
German Am
Chase
Fifth Ave..
German Ex.
Germania
..
Lincoln
Garfield....
Fifth
Bk. ofMet..
West
200,0
500,0
300,0
Side..
Seaboard
..
l8tN.Bklyn
Liberty
N. Y.Pr.Ex
New
Amst.
2,555.0
2,491,7
1,407,0
3,275,5
3,50o,0
'206,8
17,397,9
7,644.1
356,4
2,-.::38,(>
121,3
70(i,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3.000,0
1,000,0
2,550,0
500,0
Shoe&Lthr.
Corn Exch
Oriental
1,000,0
1,000,0
500,0
350,0
jLBtCT
$
$
357,1
547,4
4,26i\6
11,629,6
4,3V,5,3
618.7
1,057,8
422.5
2,0.;!,
6,648,6
1,039,0
579,0
317,3
1,299,2
381,2
3,276,0
1.077,3
6,607,1
7,091,1
99,6
2,936,0
1,462,6
15,240,1
890,3
768,3
707,1
532,2
4,175,2
1,784.7
705,6
873,0
1,362,1
1,234,9
402,7
1,485,6
646.4
1,430,8
598,0
2,011,8
497,6
549,0
607,2
$
$
P.
$
a
2.833,0 1,806,0 18.234.0 25-4
6,080,0 '2,287,0 34.024,0 24-,)
3,014,9 1,489,5 16.989,8 26-6
3,630,0 3,251,0 24,127.0 :8-.i
3,831,8 2,4(>6,2 25,021,4 21-9
204,0
2.927,0 ^6-2
564.0
52,900.4 7,963,3 219,030,0 27 -7
l,9.i5,8
22.
83 3, o j8-2
4,521,5
6,622,4 27-6
599,3
1,231,6
6,862,7 -20-4
556,3
1,257,0
•2,619,4 -J2i
83,7
474,9
5,64i;,0
577,0
•J4-4
806,0
3,631,7 26-8
523,2
450,8
3,383,8 2,056,9 22,;!33,0 24-3
19,964,1 15,610,6 140,829,-- 25-2
3,671,4 1,394,4 21,121,8 23-9
3,746,1 20-4
412,8
354,8
6,083.5 26-2
587,9
949,1
2,;"08,- 2r7
406,7
•J88,0
2,09.i,5 1,879,6 15,840,0 26-0
10.953,6 4,453.4 59.121,1 26-0
1,063,6
479,2
6.661.0 23-5
3,819,6 l,4lt9,9 20.954,7 '5-3
3,694,--' 19-9
308,1
430,3
666,7
7,211,1 24
1,069,3
9,504,6 24-6
1,914,6
432,1
5,653.0 3,367,0 30,370,0 24-7
8,833,'z: 20-6
1,217,7
677,1
4,310,0 1,354,0 22,0ti3,0 2b-6
15,819.0 6,504,0 86,144,0 25-9
190,2
1,418,5 2iJ-6
188,2
3,870,6 2,330,6 23,847.1 26-0
615,0 1,936,0 10,349,0 24-6
23,782,0 2,043,5 101,830,0 26-3
1,5H3,7
7,636.0 26-b
447,8
401,0
3,532,0 20-4
322,0
1,000,8
5,911,7 26-3
600,3
791,3
204,2
4,239,1 23-4
12,189,9 1,766,8 55,785,8 2o-0
2,518,1
352,7 11,204,4 26-6
235,0
698,0
3,955,6 23-6
452,7
6,457,6 20-1
649,5
1,1«2,7 1,985,4 13,905,0 22-7
1,771,7
291,3
7,967.0 25-8
548,4
160.8
2,819,8 20-1
1,>^44,8
741,7 10,776,0 239
704,0
361,0
4,185,0 24) -4
2,879,0 1,726,0 17,937,0 256
636,0
815,0
4,570,0 31-7
2,116,8
250.0 10,231,7 231
1,157,5
382,8
6,298,6 24-4
1,712,7
406,3
7,733,3 27-3
725,0
451,0
4,693,0 250
18,984,0
29,009.0
13,037,7
2'2,225,0
22,927,1
3,445,0
207.4S1,1
23,796,0
5,901,1
8,SJ1,7
2.185,9
4,980,0
3.587,1
29,205,3
153,764,7
24.390,6
3,338,1
6,044,3
2,095,7
16,607,3
48.473,6
7,024,0
16,680,3
3.232,5
7,246,9
7.173.0
29.782,0
8,646.5
24,373,0
74,371.0
1,203,2
21,128,4
9,539,0
105.74 2,0
8,070,6
3,146,0
4,33'2,0
4,262,8
47,030,6
9,96-2,7
2,591,6
2,609,5
13,096,3
7,71'2,1
2,6s9,9
9,119,9
3,625,0
15,174,0
4,119,0
11,984,3
6,598,3
6,096,3
4,657,0
Total... 115,972,7 135,879,6 11329203 221,189,7 85,004,9 11876658 25-7
t
Total United States deposits included, $19,783,400.
t
Reports of Non-3Ieiuber Banks.
—The
following
the
of
the
non-member
banks
for
the
condition
of
statement
week ending Mar. 11, 1905, ba.sed on average of daily results.
We oin.it two ciphers (00) in aU cases.
is
$
$
251,924,1 11360121
2.-, 1.924,1
1121 -2814
Mar 4 251,924,1 11344263
Marll 251,852,3 113-/9203
Feb
1
l<'ob25
BANKS.
Capital.
plus.
Invest-
Upecie.
nients.
Leg. 2.
&Bank
3Iar
52,035,4 193.017.0
52,(>35,4 192.647,0
52,635,4 191,564,0
4
Marll
J^otes.
Other
17,36'.>,r
6,27(;,0 227,697.0
16.297,0
16,17u,u
6.
139,0 225,079,0
5,878,( 223,118.0
72,S90,0
68,482,0
65,574,0
48,167,1 218,108,0
48,167,1 222,129,0
48,167,1 222,176,0
Marl 1
Ayent. Hks.&c
1
Wash. Hgts
Century ...
Chelsea Ex.
Colouial
ColumUiu
..
100,0
100,0
100,0
100,0
300,0
688,6
570,4
497,7
211,0
3,05-2,1
44,5
5,885,0
3,715,4
908,7
2,150,6
2,010,2
3,923,6
2,569,4
2,821,9
3,361,4
2,289,0
3,060,0
1,35^,1
7,941,0
1,894,0
1.502,3
4, 676,
270,0
360,0
65,9
6'2.6
264,8
318,6
Consol. Nat. 1,000,0 1,04-2,7
126,2
Fidelity
200,0
120,5
14tli street.
100,0
89,3
Gansovoort,
200,0
HamUton .. 200,0 1411,4
328,9
Jetlerson ..
400,0
114,4
Mt. Morris
250,0
221,7
Mutual
200,0
215,9
19tli Ward .
200,0
253,0
Plazrt
100,0
109.3
Biverbide ..
100,0
767,2
State
100,0
126,6
12tu Ward .
200,0
11 1,6
23d Ward ..
100,0
Union Exch 750.0 526,2
United Nat. 1,000.0 160,2
YorkviUe .. 100,0 298,9
$
2,'269,K
2,3b3,7
13,3
16.2
15,4
11-2,4
15,1
165,7
11,3
142,0
27,7
26,4
197,0
$
36.8
31,5
20,9
275,8
196,0
37,9
50,8
92,4
140,2
130,6
132,3
123,3
296,0
217,4
183,0
$
$
$
80,'/
67,8
49,2
416,2
439,0
426,3
70,7
49
1
,8
207,6
182,4
190,6
'243,4
193,6
38'5,1
649,(1
86,i
153,9
326,8
3,6
125,0
80,0
134,9
310,0
6o,4
55,9
66,1
128,2
'217,2
72,8
163,0 1,310,0
571,3
638,0
667,2
3,705,4
6,014,0
2,421,4
903,4
2,925,6
'2,356,7
4,434,6
2,647,3
3,489,5
3,62'2,3
2,773,1
3,682,5
1,610,8
9,677,0
2,329,0
2,040,4
5,627,«
1,394,5
18,1
110,4
633,0
35,0
57,7
114,9
260,2
45,0
285,0
184.0
169,8
267,6
74.9
264,4
222,5
269, -z
'2,911,0
28,7
14,5
106,8
436,9
223,6
20,6
200,0
147,0
17,5
74,1
11,8
128.0
47,4
51,0
119,1
221,5
169.8
352,8
236,7
69,9
118,6
693,0
513,9 1,109,3
78,7
154,8
763,0
348,0
333,0
732.0
88,1
39,3
140,1
211,1
77,'i
52,1
148,0
25,0
127,6
94,8
41,6
29,0
62,7
2,022.2
2,691,4
1.977,1
4,434,4
10,4 43,5
1,626,7
5,865,0
4,140,0
1,631,9
2,101,9
701.2
1.189,0
1,641,0
840,7
l!(2,(.
9.1,8
774,8
289,4
bOO,0
8,!,c.
11,94-2.0
109,681,2
150,938,9
166.748,8
138,019,8
266,76'!,
264,975.0 11,964,(1
262,266.0 n.'i42,0
12'2,725,2
;
Imports and Exjjorts lor the Week.— The follo%ving are
New York for the week ending for dry goods
March 9 and for the week ending for lieneral merchandise
March 10 also totals since beginning first week January.
FOEEIGN IMPORTS.
the imports at
;
J'or week.
1905.
Dry Goods.
General Merchandise
Total
Since Jan.
Dry Goods.
1904.
1903.
1902.
$3,844,016
13,820,548
$2,966,238
8,347,138
$3,239,694
11,763.360
$2,910,914
9.030,774
$17,664,564
$11,31'2,376
$15,003,054
$11,941,688
$32,812,227
117,090,144
$28,371,606
93,740,648
$32,816,134
89,322,133
$28,131 175
81,338,562
1.
General Merchandise
Total 10 weeks
$149,812,371 $122,112,254 $122,138,267 $109,469,737
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for tht
week ending March 13, and from January 1 to date.
The imports
in
EXPORTS FROM
NEW YORK FOR THE WEEK.
1905.
For the week
Previously reported..
Total 10 weeks
1903.
1902.
$10,572,112
96,808,786
$10,692,792
83,777,062
$100,823,262 $100,694,656 $107,330,897
.$04,469,854
1904.
$10,985,125
89,838,137
$0,225,807
91,468,749
Note. — As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New Y'orkfor the weekending March 11
and since Jan. 1, 1905, and for the corresponding periods is
1904 and 1903.
EXPORTS AND IMPORTS OP SPECIE AT
NEW YORK
Exports.
Gold.
Imports.
Since Jan.
Itee/c.
Great Britain
Boroughs 01
^'
125,29,9,1
Includiiisr for
Week.
1.
Since Jan. 1,
$1,500
20,899,553
France
$
141,1
7,34'<,0
7,29(i,o
7,315,(1
Boston and Philadelphia the item "due toother limiks,''
and also Goveruraent deposits.
B'or Boston These Governineut dei)osits
amounted on starch 1 to $3,380,000 on March 4 to $3,364,000.
t
Germany
West Indies
^
42,829,8 1,699,495,2
42,861,3 2,34 7, '2 4 6,0
42,o64,6 1,731,48-2,4
Deposits
N. Y. CITY.
Man&Hr'nx
42,<562,1 1,516,231,3
Philn.
Feb 25
Mar 4
J\'ei
Clear'
$
220,953,8 86,3.89,6 11023.-.69
223,170,4 86,431,'. 11798219
219,02-(,4 86,263,8 11899700
221,189,7 85,0(,'4,9 11876658
Bos.
Feb 25
Deposit with
OOs omitted.
Clearings.
ve.
Borough o)
$i',6o6
Mexico
South America
$392,031
1,0"A843
$'65;ib'i
18,300
7,250,000
3.->4
All other countries
131,059
28,582
256,277
8,270
7,640
1,000
Total 1905
Total 1904
Total 1903
Silver.
Great Britain
$1,000 $29,208,196
1.600
1,36.:,774
259,617
1,70-2,342
$681,415
$6,474,234
308,000
6,000
21,u81
France
Germany
West Indies
'"2',(V()6
1,361
$73,005
71,621
265,838
4,220.879
1,334,71»
$2*500
7,040
44,758
$20,563
77,351
277,256
.t54.298
3,694
$375,743
170,654
139,640
Mexico
679>jl'9
.$816,215
All other countries
574
Total 1905
Total 1904
Total 1903
$684,776
.17,488,:-;i4
2,031,433
10,670,064
8,288,917
921.6ii6
19,609
Of the above imports for the week in 1905, !i)00,000 were
American gold coin and ^2,500 American .silver coin. Of the
exports during the same time, $1,000 were American
gold coin and $
were American silver coin.
Brooklyn.
BorouKh ...
BroKdway
200,0
Brooklyn
300,0
252,0
600,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
.
..
Mtrs.'Nat..
Mechanics'
HerchautB'.
Na.ssau Nat
Nat. City ..
North Side.
Peoples
17th Ward
Bpra»/uoNat
.
Union
Wallaboul
.
150,0
100,0
96,2
350,4
172,9
686,6
1,809,9
2,404,0
1,741,7
3,600,0
4C.',2
8.6':0,3
63,0
773,7
571,6
169,7
181,8
96,3
239,3
113,6
91,0
1,422.3
5,617,0
3,344,0
1.298,3
1,750,5
685,2
1.3z6,0
1,168,5
821,4
i23,0
266,8
115,1
65,4
2'2,(i
151,0
313,:<
144,1
39,7
109,0
391,8
77,6
JeksevCitv
First Nat...
332,6 1,3958
458,0
5,8CC,0
73,3
20.4
238,6
2,010,3
149,t;
131,9
17,4
82, -J
3»0,6
4.9
1.73'2,1
153,!i
T,-i:.\
46G.(.
39,
44.8
167,1
69.4
2,891,0
1.283.6
400,0 1,077,7
4,312.8
160,6
250,0
250,0
200,0
661,9
141,9
293,9
2,283,3
892,0
1,401,6
01,9
71,6
48,7
110,1
125,('
643,4
160,6
•2.
(.32,1
Hudson Co
National
.
Second Nat
Third Nat..
871,2
HOBOKEN.
FifMNat...
Second Nat,
1.278,6
63,1
Tot. Marl! 101.^70 124614 10^9287 1,607,6 6,11)5.6 127768 7,465,(1 1219044
Toi. .M:u 4 101370 r246U 106-611) 4.436. 6.1(4 9.1 12;)63;' /,08S,2 1211199
Tot. I-eb'..:. 1>j237(; r2667(.' i06797f 4,600,3 6, 116, 12142:i S.751,8 1190'.i48
r-
Auction Sales.
—See page preceding.
Spencer Trask
Monthly Descriptive
List
&
of
Co.
High-Grade
INVESTMENT BONDS.
Transact a p.enera! banking business and execute
stock and bond orders upon the
New York Stock Exchanore,
Branch Office, Albany, N.Y.
Willium and Tine
Moffat
Sts.,
New
York,
& \Vhite,
New York iStock Kxclinnsie.
NASSAU 9TUKET, CORNKK WALL,
JDealcrs in inveeitinciit Sceiiritfci.
IKcinborM
1
Tel. &820-OW21
Cortlanau
Telephone Hiooka a Mprolaltr.
Mar.
THE CHRONICLE.
18, 1905.]
gawlijers'
For Ditiitenat set page
1093
movement
in sympathy with the shares. United States Steel
have been traded in on an extensive scale.
United States Bonda.- Sales of (.Government bonds at
the Board are limited to $3,000 4s, coup., 1925, at 133. The
CSa^jettje.
5s
loqi.
following are the daily closing qaotatioas; for yearly
WALL, STREET, KRJWAY. MARCQ 17, 1905.-5 P. M.
third page foUawing:
The Monpy Market and Financial Situation. Stock Ex- range see
irregularly
Jnieftat Mar. Mar.
fluctuated
and
in
again
some
have
values
change
Mar. Mar. Mar. Mar.
PerioAs
11
13
14
IS
16
17
As illuscases have covered a wide range during the week.
Lackawanna
Delaware
Sc
Western
trations we note that
)ie,19S0
-Jail
legieterod
•104%'* 10438
•104% * 104%
oonpon
-3x& nOATe 104 Tg '104». *104''« n04V*104»e
shares have covered a range of 30 points, Lake Shore 12 28,1980
Ss,1980.8maJ.reglBtered
points and New York Central 8 points.
38, 1980, small.. ..oonpon
-Fell *104"« '104>4 •104'4 *104'4 *I04>« 1044
registered
These changes are not accounted for by current news or SB, 1918
-
-Feb *104>4 *ln4>« *104»4 *104'4 *1C4>« 104>«
oonpon
developments of a general character, and are especially inter- 2«,1918
-Feb
3s, 1918, small.regletered
market
as
a
whole,
with
the
which
compared
esting when
coupon
-Feb *i03>a *ib3'5 ibs"* *103>s •iosia * 103 la
5e,1918, omall
registered
-Jan *104Vj '104H no4>s *104>a *104'u •10419
has shown no very decided tendency in either direction until 4a, 1907
oonpon
-Jan *106»9 *106v« *106is *106>a •106i« •106^1
is, 1907
to-day, when it was weak.
-Feh 132 »• •182'9 MS2^ *1R2»9 •132 »a •132V,
Is, 1836. ....... registered
oonpon
-Feh ''182VJ •182 'a 132'a 133 *182>a; •isav,
One of the important events affecting the market has been 18, 1986
'misis «i>e pnoe Old at the momlne Ooard: no ««t« vaa <mad«
an advance in call-loan rates to 4 per cent, the highest
recorded in several months. While this rate is not high, the
Railroad and Miscelianeona Stocks. The stock market
advance is significant and may have been a prime factor in has been more active and more irregular than last week.
the weakness noted above.
Several issues are notably higher, although a large portion
The Government report of our international trade for ^he of the active list has declined. New York Central and
month of February, given out on Wednesday, shows a con- allied stocks have been conspicuously strong, including Lake
siderable decrease in exports and a large increase in imports, Shore, Cleveland Cinoinaati Chicago & St Louis and New
making the balance for the month one of the smallest in York Chicago & St. Louis, which added from 5 to 10 points
recent years. The effect of this report probably is not trace- to the high quotations of last week. Persistent rumors of a
able in the current market movement, but the facts set great trans-continental line under one management have
accompanied this advance, but no reliable information to
forth are nevertheless suggestive.
The open market rates for call loans on the Stock Exchange tnat effect is obtainable. Ontario & Western when at its
during the week on stock and bond collaterals have ranged highest had added 6 points to its previous record price.
from 2,% to 4 p. c. To-day's rates on call were 'S%@S% p. c. Lackawanna advanced over 30 points, sellng at 400. ChesaPrime commercial paper quoted at 3^@4 p. c. for endorse- peake & Ohio sold nearly 10 points higher than last week,
and Atlantic Coast Line continued a strong feature.
On
ments and 4@43^ p. c. for best single names.
The Bank of England weekly statement on Thursday the other hand, Atchison, Southern Pacific, Missouri Pacific,
showed an increase in bullion of £16,681 and the percent- Erie, Baltimore & Ohio and Reading have declined from 1%
age of reserve to liabilities was 51*12, against 56'47 last week, to 4 points. To-day's market has b en exceptionally weak,
the discount rate remaining unchanged at 2\4 per cent. The almost the entire list of stocks traded in losing 1 to 2 points.
Bank of France shows a decrease of 16,125,000 francs in
Industrial stocks have been relatively dull and weak. The
gold and an increase of 475,000 francs in silver.
most notable exception in this group is American Woolen,
SSW rOKB OITT OLBABINO-HOOSH BANKS.
the preferred of which closes nearly 5 points higher
than last week. Consolidated Gas lost 6 points. Anaconda
JUffwnats
WC4
190S
1906
)re»
Mining nearly as much, and Amer'can Sugar Refining,
Mar. 14
Mar. 19
Mar. 11
previoui wtek
Amalgamated Copper, Tennessee Coal & Iron and SlossSheflfleld Steel & Iron have declined.
United States Steel
a»piti»i
115,972,700
116,672,700 110,322 700 issues, both common and preferred, made a new high record
itrplas
183,097.400 122,764 400
136.879 890
Ziouis <b dlsooniits 1.132,920,300 Deo 1.506. 0?0 997,899,000 924.600,400 for the year, but close nearly 2 points below the highest.
42.>-64,600 IBC
13,200
37.962,6
Otroolatlon
42,937,700
For aaiiy volume of business see p'ige 110 1.
*1,187.665,800 Deo 2.304.2
1,037.268,900 916,162 000
Net deposits..
The following sales have occurred this week of shares not
219.135,100 164 747,800
Specie
221,189.700 Ido 1.561.3
66,3l6.70f»
represented in our detailed list on the pages which follow.
IieKalteHders.....
86,004,9TO Deo 1,248,990
70,119.200
'
»<)
Beserve Held
IS p. 0. ot deposits
306,194.600 Ins
296,916,450, Deo
312,4"^'
676,050
289.254,800
269,317.226
330,064.600
229,040.600
Surplus reserve
9,278,150' Ino
888,450
29,937,076
1,021,000
United States depoBlte isoladod, against $19,916,800 last
week and (39,635,000 the florreapondlng week ol 1904. With tbea°
depoalts
eliminated, tne inrplns reserve would be $14,224,000
United Staces
•n March 11 and $13,368,900 on March 4.
Nora.— Betnrnsof separate banks appear onthepreoedlng page
Foreign Exciianare. The foreign exchange market was
easier this week, influenced by a light demand for remittance, by supplies of bills against securities and dear money;
it was weak at the close.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85@4 85^ for sixty days and 4 87@4 Sl% for sight. Today's (Friday's) actual rates for sterling exchange were
4 843034 8440 for long, 4 8630@4 8640 for short and 4 8605*
4 8675 for cables.
Commercial on banks, 4 838o@4 8395, and
documents for payment, 4 83V|^@4 843^. Cotton for payment,
4 m}4@i bZ%
cotton for acceptance, 4 83a5@4 8395, and
grain for payment, 4 84%@4 84i^.
'
$19,783.4<)U
—
;
To-day's (Friday's) actual rates for Paris bankers' francs
5 \%\*m 18%t for long and 5 173^t@5 11%* for short.
Germany bankers' marks were M%\@d'i% for long and
95@95 1-16-|- for short.
Amsterdam bankers' guilders were
40 l-16TT(340i^f for long and iOM\mO}4 for short.
Exchange at Paris on London to-day, 35 f. 19c.; week's
range, 25 f. 19)^c. high and 25 f. 18i^c. low.
The week's range for exchange rates follows:
were
dTOOKB
Wieit
S»nge
)or
Mniing Mar. 17 Week
Amer Agrionl Chem
Preferred
Amer Beet Sugar
Preferred
Assoo Merchants Ist prl
Atch Top <fe S Fe rights
Canadian Pac sub 2d pd
Cleveland & Pittsburgh.
660
20
46
91
Marl 5
Marin
1,200
26
82
Mar
War
700
60'>
16,370
1
1
9:S>oMar
Bange
for Wetli
.^
sinee Jan. 1.
23 Marie
91i5Marl6
27>9Matl6
20 Jan
89 Is Feb
24 Jan
85 Marie
98>i>Marl5
96
77
Jan
Jan
23 M«r
9534Feb
85
Mar
88itiMar
»4 Mar
%Mari6
(^Feb
>4B'el>
800 147 Vj Marl 4 14SV,Marl3 129H..ran 14S>4M*r
•6 A
lK4i2Mar 4 iSlSMar 4 184'«Feb 185 Jan
Diamond Hatch Co.
60 133>«Marl4 l38'4MarU 13><>«Mar lS8i4Mar
Electric Storage Battery 1,100 86'<jMari5 8H Mari!<
86 Si Feb 89 Ha Feb
Ft
<fc Denv C, stmpd..
44 Jan 66 Mar
300 64 MarllS 64»4Marll
General CJiemical, pref..
Ol>«Jan
104 F«»
100 103HjMarl4 lOS^aMarll
Homestake Mining
71 Jan 77 Mar
75 Mar 4 77 Maris
Knlck Ice (Chicago)
10 Jan 19 Mar
1,60- 13 Marl.3 19 Marl 7
Preferred
60 Jan 72 Mar
4U0 70 Marl
72 Mar 5
9>«Jan 14 Feb
Manhattan Beach
100 12 Marl4 12 MarU
Nat Bnam & istamprng.. 2,0011 24iaMari4 25>«Mari4 ISi^Jan 26»4Feb
89i«Feb 92 Mar
Preferred
100 92 Mai 4 92 Mar 4
2:i4Mari3 23'>jMarl6 23 Feb 27 Feb
N Y Dock Co
21
59 Jan 66 Mar
Preferred
600 82 Mari:i 65 Marll
N V <S> N J Telephone ...
167 Jan 174 Mar
10 174 Mari4 174 Mar.
•>
I
W
I
BR
Securities 111 Cent'i
stock traet certificates
60 95 Marl8
Standard Mining
100 2 00 Maris
tJ S Leather ir 00 ctfs... 9.100
12 Marie
Pret Trust Co. ctfs
5,460 104''8Mar 7
U
BednoA
Befln'g.... 1,260
Preferred...
3,5
-*
Vulcan Detlnnlng
200
27
62
10
MarlB
Mat 16
Mar'
'
a
92 Jan
95 Mar 3
00 Mar 3 2 00 Mar
13VaMarl
11 Mar
Od»4Marl4 i03»9Feb
2fl
Mar
18
>
S5'«MarH
lOHjMar
»
Feb
Jan
SHiFeb
36
i
96*4 Mar
200 Mar
ISi^iMar
06*4
29
Mar
Mar
ftS^Mar
10><iJan
0«t9ide Mar'.eT. Increased activity attended the dealings in the market for unlisted securities this week, and
while considerable irregularity was >lisplayed, the majority
Northern Securities
of prices show net gaias for the week.
-Long.-Short.-Cablu.than
any other issue, total
extent
stock
was
greater
dealt
in
to
a
Sterling Actualr—
transactions aggregating about 100,000 shares in the early
High... 4 8475
'3(4 8185
4 8675 ® 4 8680
4 8710 ® 4 8715
Low... 14 ><4;iO
-3 4 8640
-a 4 8440
4 8630
part of the week the shares advanced from 159-^^ to IQili, the
4 8666 « 4 8675
Paris Bankers' Franos—
highest price on record, but later there was a reaction to 161;
High... 6 13»4
» 6 16^8*
® 6 18i«*
6 174
the close to-day was at 1611^. A feature of the trading was
Low... |618»4*
®6 18»4t 6 17'«jt « 6 17»9«
the incre^ised demand for Northern "-ecurities "stubs,"
Germany Bankers' Marks—
which resulted in an advance in the pr'ce from 375 to 950;
High...
9434
a 94i»i8
« 9514
968is
the final sale to-day was at 8.75. After a gain of 7 points to
IjOw....
94»4t
® 94»4
96
® 96ii«t
221. Interborough Rapid Transit stock developed weakness
Amsterdam Bankers' miildert—
High...
^ iO^t
io»i6l]
4014
« 40*18
and to-day the price dropped to 212. Standard Oil moved
Low... .
lOHg
a> 404
40J«t
it 40>«
from 617 to 622 i^ and closes to day at 620 International
up
Less: •iieoH%. ti8,ofl%. t»8«ofl%. Plns! H
11iieofl%.
iieof 1%. •*it»0tl%.
Mercantile Marine common advanced 3 points to 14!^ and
The following were the rates for domestic arohange on ends the week at
rose from
the preferre
to 37J^,
New Yorkat the under-mentioned cities to-day Savannah, but later reacted to13%:
36^4 the 4=% per cent bonds gained 2 points
buying, 50c. per $1,000 discount; selling, 75c. per $1,000 pre- to 84i^and closed to-day at 83 *4 Houston Oil preferred jumped
mium; 'harleston. 123^0. per $1,000 premium: ?Jew Orleans, from 25 to 37%" and then fell bac^k again to 27J^ the combank, lOc. per |1,030 discount; commercial, SOo. per $1,000 mon fl'ictuated between
7Jg and 0^4. closing to-day at 6.
discount; Ciio»Ko, 10c. per $1,000 discount; St. Louts, 15c. American Writing Paper preferred ran up 4 points to 33,
per $1,U00 discount: Han ii'ranciflco, 80c. per $1,000 premium. while the common rose from 5}^ to 5%. Havana Electric
State and Railroad Bonds. -No sales of State bonds. The Railway preferred advanced 11^ points to 70%. U. S.
railway and industrial bond market has been only fairly act- Leather new common (when issued) decline from 42 to 39,
ive and prices have generally fluctuated within narrow limits
while the preferred moved up from 96 1^ to 973^. British
Union Pacific convertible 4s have been the most active Columbia Copper rose from 5J^ to 7%.
bonds and are exceptional in a decline of over 3 points—
Outside quotations will be foun i on page 1101.
I
I
|
|
I
I
;
I
I
I
I
I
I
I
I
M%
1
;
.
;
1
New York
Exchange— Stock
Stock
Record, Daily, Weekly and Yearly
TWO PAGES
<»CCUPYIN(i
STOCKS—HIGHEST ASD LOWEST SALE PKlCEk
Monaav
March 13
Sa>i(r(iav
March
11
•35
40
70
70
*35
-70
9214
92^4
103
143
104
144
Thursda'i
March 15
March
•35
•70
91
103
:
40
•70
91
75
-35
•70
'/
40
9178
Wednesday
March 14
92'4
'•211137^
144
icadau
40
75
92
103 "f
141^4 143 14
110 110-\
•96
98
IIH^ llOUillll.;
97a,
9738 971-,
t;6ia 67
66'^
6034 67
'152 155
*152 155
155
1-.
•1p2
•155
^55
*.s7
ISO
8s
147
1477,
-71
71'-.
202'.
70^8
*8t;
411.^
81
81
23 12 2 4 Hi
*86i2 87
*63
6712
35
36
18012 18^38
191 19i
24212 244
35
lbO'4 181 14
•1!0'2 191
244 H
250 260
257 257
• 1^4
2U0
199 199
•195 204
*195 204
*16i3 173
173.
3"
34>-.
'32
'33
33
12 14 1121.
12>4 12 '4
4
47
S47
lU2'-4 109
108 11IOI2
*121i2l2_
12134
1.0
'25
25 14
25 H
25
•tai^j 62 V
62 12 62 12
8*514 36»4
37
37-4
19113 192 iv 19218 194»,
372 377
370 372
:-!3W2 33'-.
35
36%
89'
8818 88 le
89
•23
•225
25
J
'•4
*32
ltv'4
33
82 \
17
1^
48
83
70
703,
*67
-85
70
90
290
99
95I4 963^
zS^
28
55
'4
38
•14
•49
41138
102
2a
'4
66 '4
16
51
41
104
340
}34'.J
61
•5S
I4;ii2l45
17034 1713,
85'S8
85
llivTgl'^a'..
25<
25
*143
160
118
117
163
1631.,
3134
6534
98
99
96
96'e
1601a 162 '4
2334
55
•35
•83
!-3J3
2934
651a
70
90
3oO
280
32 1-.
67
29^4
5534
3734
84
2912 2934
661*.
65
'131a 16
{5uia 53
42
106
347
*5i
4334
62
172
M5
172
8534
12234 12338
25
•145
60
*89
>8
26
165
61
93
11 712 118
164
I6214
32 14 33 'e
10988 IIOI4
146 146 iv
10'.l34
69
lUJ'c
146
147'-:
42
•2138 22
159'i, 102 If
41'8
67
*70
203
'v
42 'e
42
I4
41-'^8
S3I4
2 4 '8
82
24 14
41V
82 4
25
65
88 4
67 4
361...
islia 183
'4
192
245 14
265
200
200
17
327g
32
331a
12
la's
12»,
"i
1734
109
106 14 108
122
'1211a 122
25 12 25=t
25 14 25 '8
-62
63
62
62
107
121
400
3'iW,
9038
•23
47
9934
26
6I2
6I4
•32
35
14
8I34
69 14
*67
8 134
34
47^8
823,
TOi*
70
90
290
•85
290
9634
9534
813.
16
321a
47-4
1638
321^
481*
8I34
82 3^
691a
•67
70 '6
70
90
300
9734
97
*93
162
96
I6II2 163
291a 29 '8
5514 5634
•37
38
37
37
84
*14
67
16
43
105
H334 4334
K434
'2
25I4
•89
117
162
67
109
»145
*310
•58
143 14 I4518
17134 172
84=8 8556
122=8 12334
25 '8 2534
851a
SloO
6012
52^2.
104 la
360
60
25^8
145
32
521a
123'.
60 "v
93
601a
150
6134
1171-.
•89
116
16234
1621a I63I4
93
117
'4
33
32
3234
14
083,
66'8
68
109 I0934
'4 IIOI4
147
145 145
4II2 411a
41 't,
22
22 's 22
22
22 i« 2218
164 14 166 '4
1611a 165 I2 I64I2 107
50I4
5II2
4712 51 S
49
49
46>a 47 'p
•115 120 *114 118
•112 120
115 115
83
hi
7914 80 Vi
82
81
80
821a
•20714 208'.^ zM)5 i-iOG '4
20712 2i).S {207 2i^«
57I'
56 '•2 59^8
63
57
6 6 '8 57 '4
60
88 1»
86 'a 8/3(,
8612 8S'-'
»7
Sola 88
•92
94
•92
96
93
94
94
94 "v
*93l2 95
*93'.j 95
*93
93 "a 95
95
103 108
•103 108 •103 108 •103 108
I2
•93
•93 "a 95
95
•93
•9212 95
95
I4OI4 14 6 't 1464 147'4 145 "8 147 '4 145 «8 14G\
43 'a 41
•42
44 <4 4 4 '4
44
44
44
lOOia IOOI2 100 100
JlOl^s 1017^ 101 lUl
•411-j
*119
119
119
84
8434
9m ig 98^4
92
i.i2
91
91
35'4
36
80 '2
•60
•14
•60
•25
81
•8OI4
7
1
•'8
•17 6
119'4
>57'4
lOyTg 112
110
109
98
92
99\
923^
91
91
3538 36 't,
119 120
85 12 86
110 112
70
lOi^
•13
•J5
•53
MO',
Ti\
17«i-2
65
25
•80
71
176
10 "2
55
28
81
25
•79
71
•176
17812
713,
•901a
3478 3538
8018 8034
16 12
68
28
80 Hi
71i«
17812
JitU
AS/C
515
..
&.mer Exch.. 272
A.8tor ...
775
Baiieiy Park 160
325
Boweryli
Iiutch'8<& Ui 155
Denturyt
195
&.merlca1;
530
278
825
170
165
Chatham
Fast River..
330
Chemical
1275 4325
Fifth
Fifth
105
Kir.sl
...
CltiziriiK' c;tr
•
1
172
Fidelityli ....
A veil..
119
84
'4
cfe Ft. Dodge.
514 Detroit South. vol. tr. ctf.'Do pref. vot. tr. ctfh.
35
82
Detroit United
15=8 Duluth So. Siiore
3234
Do pref
471* L^rie
8158 CjDo Istpref
Do
&
Lowest
Hiahest
Atl..
ctf.
83
174Jau
h
1,800
39
39
84
Kanawha
a;8338
294
2934
Kansas City
'4
H47fc
112
95'8 98
92
92
914
344
'J 1
'4
4
34 '8
80 4
70
16
178
4
192
65
Jan 18
No-»
Dec
14
96 4 Oct
70 4
-N'
ot
Oct
Oct
160
165
89
Aug
13534 (ict
Nov
Xov
N07
Nov
72
19434
51
47 14
39 4 !Srov
177»8Deo
186 Oct
2144 Deo
'ft
Nov
Nov
Deo
164 Nov
273, Not
237
160
192
1514N0V
48 4 Nov
9338 Deo
115 Nov
243b Not
Deo
63
374 Not
190 4 Deo
Doo
SS^gNoT
89 Deo
27 Deo
1434 Jan
33 4 Deo
7934 Deo
35934
14''8Nov
284 Not
4158XOT
77 Deo
584 Deo
67 Deo
Feb 83 Nov
Mai 242 4 Deo
Feb J
72
Feb 21 170
Jan 13 70
Feb 2 11
Marll 60
24
99
1554
105
854 Jan
264 Nov
804 J'ly 90 Nov
47 4J'ue 7434 Nov
88 4 Maris
0334 Jan 18
-
104 4 No'J
Aug 864 Nov
2934 Nov
J'ui.
Ma)
Dec
94
'
owa Central
Do pref
30 4
865g
34 N01
06 No-<
89 14 No-*
9338
1,800 90 Jan 18 9676 Mar 13 77 Mar 95 Deo
38,916 15234 Jan 25 164 Mar 16 12534 Feb 159 Deo
Nov
28 '4 Mar !J 32 Feb 3
14
J'lif 33
3, J 00
3,93M 54 14 Feb 28 5334 Feb 3 32 Feb 5934 Nov
1,200 36 Jan 23 39 Marl 7
22 4Maj 33 Deo
64 4 J'ne 831a Nov
2,754 8I34 Jan 25 844 Mar 1
2,.S0O 27 4 Jan 7 34
Feb 14 16 4 Feb Sl'eNov
10,200 52 Jan 3 70 Febl4 31 Feb 5534 Nov
pref
Illinois Central,
293e
25 J'ly
Fel)10 54934 J'nc
Mar 9 64 Feb
10414 Mar 9
8759 J'lu
145-*8 Marl5 104 4 Feb
111 4 Maris 72^8 Mar
98 Feb 8 8758 Feb
68 Marl7 38 Feb
159 Jan 18 11814 Mai
160 Jan 31 n354J'ne
89 5^ Feb M 83 Not
14958 Maris 1094 Mar
'4 Jan 31
64 Api
205 4 Feb 3 154 4 Feb
5;i58Marl7 28 4 Mai
44 4IMarl5 33 Jan
M3i4Jan 4 75 Jan
25 4 Mario 1278J'ne
70
Feb 28 90
:00
Jan
Feb 16 90
90
400 236
Do
56
374Kebl8
:-•
Hocking VaUey.
2938
Highest
Lowest
.
deb.
56
119
110
c
cfe Michigan..
C.Ft.S.& JI.,tr. cts. pf<l
So. vot. tr.
..
'4
14 34 Feb 2 5
177
4,350
1,105
1434
Jan 11 44 4 Mai 14
99i4Mar 2 106 Marl3
35
109 S290 Jau2u
56 Jan 2o
8^,510 rl34 4 Jan 25
6,y5o 165 Jan 3
147,450 73 Jan
85,040 114 4 Jan 73,250 21 4 Jan 25
44 iV.'.b Feb 3
2,000 56 4 Jan 12
86 Jan 19
5,300 89 4 Jan 11
9,310 148 Janl;i
19,^75 30 Jan 24
26,102 62 Jan 10
lo2,960 1044 Jan 25
40U 137 Jan 12
l,50o 40 4 Jan 4
800 21 Mar 7
401,514 14134 Jan 5
25,050 42 Jan 20
100 115 Mar
2,700 74 4 Feb 1
659 198 4 Jan
24,807 4038 Jan 5
123,100 77 4 Jan 25
300 91 4 Feb 24
1,100 7814 Jan 17
600 100 .ran 3
lOo 85 Jan 12
642,379 35 Jan 25
900 27 Jan 25
470 77 Jan
hO Jan U
— Do pref
1,600 118 '4 Mai
12041204 I'hiladel. Rapid Transit..
84
Cm.
Chic,
Jan 24
'8 Filtsi).
su L.
5,050
82 4
105 112
800 I 06 Feb 17
Do pref
54,400 X 79 Jan 13
943j 9634 Readi
14 Jan 27
leSt pref
5,340
92 '4 'J2I4
91 '4 91
2(1 i)ref
850 s4 .Ian 5
34 14 347, liock Island Company
73,950 33 7g J an 25
6.000 79 4 Mar s
Do pref
80
80
60 70 4 Rutland, pref
69 Jan 17
•14
;^i. Joseph ttGr'd Island.
34 Jan 13
17
pref
3o(l
54
Jan 1m
54
Do iHt
51
•24
300 26 .Mar; 5
Do 2d pref
27
100 75 Jan 24
St. L. its. It'r., 1st pret
71" 80
713,
Do 2d pref
4,650 70 Jan 6
3,>.i00
com
stock
.Ian 30
tr ctfs
1 75
iil4
C.& K. I.
191
1
:'.
1)
iln,
•
I
104Jan 193eApr
454 Apr 62 Apr
Mai 43I4 Deo
J'ut i05 Oct
26
85
i350 Marl3 }245 Nov 5300 Dee
65 4 Feb 46 Ma) 62 4 Nov
14S4Marl3
Feb 9
Marl 7
175
91
125i4Mari7
26 Marl3
5150 Febl5
62 Feb
'.a
Feb 24
119 Mar
164
3314
69
14738
101
Feb 14334 Dec
13934 .Mai 169 4 Not
721, Mar 96 4 Aug
10434 Mar 13038 uct
5 Apr 2358 Not
4Feb
J119
J'ut
Jaulh
Marl 3
Feb
Mar
4
Mario
45 4 Feb 23
Feb 14
4 Feb 6
Mar 1
8734 Mar
112 Marl3
9934 Mar 9
94
Feb 2
106
87
124
1
02
Feb 3
o/'sJan 18
85 Jan 4
72 4 Jan 19
Jan
6734
96 4 Sep
Jan 95 Oct
150
Ma)
Oct
J'ly
1458
3638
Not
32 4 J 'UP 65 4 Ueo
87 Feb 1114 Deo
1014 Feb
147»8 Deo
45 Jan 16 3434 Feb
24 4 Jan 10 15 '8 Feb
10734 Mai 14 112^8 Alai
614Marl3 25 Ma)
122 -^ Jan 30 101 4 Ma)
63 Marll 60 J'ue
2 10 4 Feb 4 518514 Mtt)
63 Maris 19'i8Mai
88 4 Marll 53 4 Mai
94 4 Feb 3 88 Mil)'
98 4 Feb 7 51 Feb
108
Feb 6 95 J'ly
98 Feb 7 61 '4 Jan
147'4
Nov
150
40
80
55
Marl3 116
llo78Marl3
1.
s
Feb 25
524 Mar 15
52 4 Maris
45 4 Nov
254^ov
145
47
115
4 Deo
78
199
Deo
Dec
Not
Oct
47 's Oct
80 4 Deo
Deo
95
82 4 Deo
101
Sep
«6 4 Ueo
11 1 4 Mai 140
Deo
17 Mai 32 4 l>ec
74 4 J'ue 8138 Jan
568 May 794NOV
Apr 80 Deo
Apr 107 Deo
Mar 82=8 Deo
JMai 92
Deo
Feb 85 Deo
55
90
3334
76
5514
19 4 Mai
5
Jail
('34
A pi
30
3734
Nov
8638NOV
T214 Deo
1734 Janill
Mai 1-^ Nov
9
5^34 Jan 21
IM Not
35
11)
20', Fob 3
16 Jail 30 Nov
.SII4 Mar 6
Mai 7934 Deo
61
7^4 Mar 6 39I4 Jim 72 4 Deo
1»2
.Mar
ISO
1
16
Jau 185 livQ
M
TRUST COMPANIES— BItOKKRS' QUOTATIONS
AiND
Ask
Bid ana anKbd prices; uo sales were ruailo on tins
Sale at Stock Exchange or at auotion thia week.
pref
56 4
38 4
84 4
8O34
71^4
160
Hudson
& Wosl'u.
Kio Grande
2934
67 14
17
63
1-,
200
3450 3750
300
705 7M5
Do
93 14 95
•93
95
161
162
"71'
150
180
<fe
lor iVeuiotij
Year nyu4j
:^
eiaw. Lack.
<fe
Range
lots
3Vi4Feb 7 20 J'ue
18334Marl4 137 4 Feb
192 Jan 31 173 Mar
-:49
Jau31 1614 Mai
!5 4Feb 1 207
Fob
225 Jan 31, 135 Mai
l.-iO
Jan 31 J 165 Apr
5 14 Aug
191a Feb 17
35 4 Feb 17
11 4 Aug
5,55
9 4 Jan 3 13 '8 Feb 2
4 J'ly
3ii4Jan 7 54 Feb 3 29 May
13
90 Janl-i 1104 Marl
27.30
63 4 Mav
400 11918 .Mai 8 1213, Marll 100 Feb
6,310 22 '4 Jan 2t 263, Feb
13 4J'ne
750 00 Mar 3 64 4 Feb 10 48 J'ue
801
35 Mar! 7 39 4 Feb 3 17^8 J'nt
20,101 18Ui4Jau25 196
Mai
l<eb 4 149
100 Marl 4 2504 B'eb
2,370 .i35 Jan'
6,300 3038 Jan 27 36 4 .Mai 14 18 Mai
10,95ii M5
Jan 23 91 Marl 5 64 4 Feb
760 22 Feb 20 28 4 Marl 7 19 4 Jan
9^8 Jan 24
5
Feb 8
1,700
14J'ne
234 J'ne
313pMar 4 36 4 Feb 1
i",355
76 4 Jan 27 83 Mailo 604J'ne
5 4J'up
2,810 1258 Jan 12 17 4 Jan 21
9 14 Aug
l,5.-;0
25 Jan 3 37 Jan 2
lS4,40u 3758 Jan 3 4S34
Marll
.214 Maj
, ..^„.
17,500 75i4Jan 3 "83 4 Marll oS'gMay
11,200 554 Jan 3 71 4 Mar 3 33 Ma)
68 Jan 10 72 4 Jan 16 54 J'ly
28 4 Des Moines
8O34
96
'..
liaiiks
Ask
Jiid
UthStreetll. 300
t
120
170
lUO-share
35 Feb
loo 66 Feb „
74,660 841a -Tan 25
9,250 99 Jau2r
42,810 120 Jan 25
71,376 U'04 Jan 25
1,480 91
Mar c
102,057 58 4 Jan 25
151 Jan 25
159 Jan t;
2,3u8 87 4 Jan 4
107,220 I0O34 Jan 25
1,2('0 67 4 Jan 11
3,974 19014 Jan
354,800 4658 Jan 25
20,850 08 "8 Mar 8
8,900 80 Jan 25
129,650 21^8 Jan 25
1,000 85 Jan -4
20i'
65 4 Jan 28
4,500 32 14 Jan 25
191,325 171 '4 Jan (
2,200 182 4 Jan 1::
12,050 205 4 Jan 6
l,4;)o 234
Jani:^
3,55(. 150
Jan 1;
300 195 Jan 17
734 Jan 5
2,60
4,70
17 4 Jan 4
66
Do pief. vot. tr. ctfs.
•14
*14
18
Keokuk <fe Des Moines...
49
•494 53
Do pref
42I4 •414 43
42
Lake Erie <fe Western...
104 104
103 103
Do pref
*310 360 *310 350 L. Shore & Mich. South'n
•58
60
•58
GO Long Island
14238 145 14 142 143 4 Louisville & Nashville...
171 172 3;L69i4 I6JI4 Manhattan Elevated...
85
88
8734 91
etrop. Secur., sub. rec.
1224 124
12334 I25I4 Metropolitan Street
24 4 2538
24 58 25 14 .Mexican Central
*150 170 •155 170 Michigan Central
614 614 -61
62
Minneapolis & St. Louis.
•89
93
•89
93
Do pref
11618 1164 116 11634 Minn. S. P. <& S. S. Mane.
163
162
I624I6334
Do pref
32^8
32
314 32 '8 Mo. Kansas & Texas
6639 67
6634
66
Do pref
10734 109 14 107 38 108 4 Missouri Pacirtc
144 145
144 146
Nash. Chatt. & St. Loui.s
414 414 41
at.ol Mex, non-cum.pf
414
•214 23
*214 22
Do 2d pref
162 14 165 4 161
163 4 N. Y. Central & Hudson..
oO
48
4734 48 4 N. Y. Chic. & St. Louia...
'114 117
114 117
Do Istpref
79
SO
Do 2d pref
794 794
}201 2U4
203 205 N. Y. N. Haven <fe Hartl.
6OI4 6l''e N. y. Ontario & Western.
60 4 61
864 87 «8 85 'a 86 '4 Norfolk & Western
•92 4 93
•92
94
Do adjustment prel.
•93
y6
9538 Pacilic Coast Co
94
10734 108
103 108
Do Istpref
•93
95
Do 2d pref
95
95
144 4 14534 142 '8 14434 Pennsylvania
4II4 4134
& Eastern
Peoria
41
41
1004 I0O4
Pore Marquette
City
Coal ife Iron.
Colonial 1| ...
Colurnbia'i ..
Chi-lscaKic*
904
464
164
801-2
Bid
90
28
Delaware
Denver
21
801a
t290
210 225
450
400
Commerce... t225 228
Consolidated 150
55
C'rnExchge", 300 loo
160
DiHCOiintll ... 150
35
67 '8 69'.
Do 2d pref
*67
70 Evansv. & Torre Haute..
85 90
Do pref
296 298 Great Northern, pret
Green Bayc&W.,deb. ct.f.A
67
28
1
650
01ia.se
Jtiiiik.>t
192
375
35
514
90
300
•3014
65 4
'4
71
178 4
"A"..
pref.
c.
69 4
70
'26
71
5 p.
*32
26
176
191
375
15^8
26
lOKi
Do
4 67 4
* <i2
32I4
4734
821*
641a
70
•15
Santa Fe.
•32
•81
511..;
•60
&
35
82
16
80
•60
*13
•54
BANKS
NKW YOKK
•67
•85
285
911.2
35 \
80
8034
60 '4 70
58
23
85
84
110 112
97 14 98'.,
9214 92 '4
9214
9 1 •>
80 '4 803,
•60
70
'4
II9I4 120
9714
92
"91
35
8138
6734
161
*29
•55 4
37
83 4
6634
122
46 14
•924
Bo's 67=8
•14
17
•60
55
'.i
3218
97
3934
•58
142 14 I44I4
171 171
1534
9534
30
441.^
•32
81 14
16378
2913 2912
66'a 5714
*83ia
Atch. Topeka
35=8 3538
Do 4 p. c. pref. "B"..
1791. :i8ii4 Chicago MUw. <fc St. Paul.
189 189
Do pref
24014 241
Chicago & North Western
255 263
'255 26.;
Do pref
195 195
'I'JO
200 Chic. St. P. Minn. & Oin
'195 200
200
'li'S
Do pref
17
16 'a 174
18 Chicago Terui'l Transfer
3II3 33 4
33
34
Do pref
11^8 12 5, Chicago Union Traction
12
12 \
49
49
Do pref
1051^107
106 106 4 Cleve. Cin. Chic. & St. 1.
•121 122
1214122
Do pref
2434 25
23 4 25 Colorado & So., vot. trusi
61
614
61
61
Do Istpf. vot. tr. cfs
3534 353,
35
35
Do 2dpf. vot. tr. clfs
21
96
•83 13 84
29 13 30 't
75
36
36
180 18 182 S190 ISiO
240 242',
34
811a
•86
*290
I06
360
60
87
Arbor
Ann
Do pret
40
1905
lor Year
ol
Week
103 41031a
Do pref
14234 144
Atlantic Coast I>ine RR..
107'8 109'f, Baltimore & Ohio
973^
97
Do pref
66 4 68 Brooklyn Rapid Transit..
*152 155
Buttalo Roch. <fc Pittsb'?.
155 180
Do pref
*864
Buffalo cfe Snsque, pref.
145 14634 / lauadian Pacific
»69 4 71
V 'anada Soutliern
^202 4 202 4 Central of New .Jersey...
57-<8 5958 Chesapeake* Ohio
42^8 43 Chicago & Alton
81
82
Do pref
24
2434 Chicago Great Western..
Do 4 p. c. debeuture,-871a 874
3612 3612
1921a 19334 19114193
39734 39734 *375 3ii5
*36
36'.
34^8 3534
9036 91
90
91
25
27
25 H, -25
*5
'5
6
6
361a 36'..
192 I94I4
388
36
20s
44
I'iia
1218
Manqe
On basis
Shares
.
591.2
67 14
•I6I2
155
180
5739
32
14
67'^*.
201
3534
192
246
243
^260
263
198 202 li 200
200'» 2001^ 200
97
89-38 89-\
146'2l4>ii4
69^8 71
5734
8II4
24 14
87
•65
243
200
145
152
155
72
203
I2
103=8
97
66
89 3f.
5534
24-'i
106
«350 >310
14334 14512
203
56
the
EXCHANGE
884 90
90 7p
10834 IIOI4
14734
*86ia 87
67 3(, 67-V
351a 333,
I8II2 183 34
I'.U'a 192
*:-12>a
.
89 14
893f.
82
81
24
8I34
1638
16341
"-
71'.
160 "u 16114
*54
•36
161-^
55 14
41^8
*S2
34
8II3 82
*<3i-.
3:12 333^
98
*32
33I4
47'8
8212
48 14 48^,
70 14
•e7
*^5
290
6'
6
•'''8
180
8834
75
103
142
97
6638 6738
'152
155
'155
180
•35
•70
40
8938
110^
110
•96
14T'2 14838
7118
71
202
57 14
5«"8
4034
6712
*H3
*84
72
20H
i02
573fc
•23
8il'4
I48i4l49\
41
81
23
87
»S9
81
180
mS
21'!
*155
J-rldaxi
March 17
If)
tiaies 01
STOCK
Knilronil.s.
9138
10338 10334
142 14538
14
.•*TOCK?>
NEW YORK
Kourth
210
Gallatin
Gan.sevoortli
415
140
(iarlield
500
220
425
145
German Ami 170
i
Liu.'t.s 1,11.111
Trust Go.
10
.i 1
5
.00
Prod Exch1,
J05
.Seaboaril
.>:U)
.Second
320
250
KiviM'.sldell
L'."iO
!<M)
5C)'
.Mercantile ..
.Mcicli Kxcli
oneulalll
.Mcrcliauts'..
.Mftrop"!
165
175
175
605
60
185
L'acilicll
215
255
2
I'ark
5,(0
540
I
i j.i .'iaa^r
certiliuate.4.
&
).-i.
I
'J
V
i"l ;
1
3S0
lo-*.
h Assessniont
J
17
4 225
130
ioO
65
iv'Kleail
,
paid.
.
71
130
585
I'.IS
1:010
JO.I
.iiiil
ASK
290
'."O
250
.
Jita
itiiiik.s
Piioplc'sl!
t'licuix
Hla/.ali
475
1
New .\mster
Ndw 'i'ork Co
X Y Nat X.
New York. ..
lOtli Wardi
-Norlli -Vmor.
.Vortlicrii
170
t
Nassaiili
zii:
2.iO
ilay.
325
27o
320
J90
.Muliiall,
A sic
215
310
50
llainilton'i
1
1-0
165
520 540
Liberty
1500
Lincoln
Miildon Lauf 105
Jeiloisonl
Hid
liunliM
.MtMorrisll.. 200
.Mccliaiiics'
.NU'ch
Tral
(ireeuwichl)
Uaiiovor
5.0
nil) ''^ Trad. 590
150
210
.MarketdiFul
.180
Ii20
Iiilorboroll..
220
.Manhattan':. .:15
(ieruian k.s.'. 350
(iermaniall .. 5.10
..
Ask
Jitd
liaiilLs
[rvins;
.
..
175
250
670
600
1140
|o95
|1h5
'280
700
150
i'oo'
1200
195 I'ibs'
120
12Ui Wardi
23d Warilll.. 125
Union ExcIO 195 1206
SliociVs Lclh.
Statell
3lth Sti'uet..
.
riKiils.
Sold at private sale at this price.
b
New Block.
Mar.
Stock Record— Concluded— Page 2
18, 1905.]
STOCAS—HJSHEST AND LOWEST SALE PEJCES
Mare
26
70 '2 7u\
70
11878 11 8'f.
i:>% 30'v
99
39
•130
27
36
5338
•109
36*4
99 4
8134
24
801s
36
95
9514
SI6H2
35 1^
*35
96*8 '95
*32
38
236 §230
^
35H!
71a
-9'4
*7h
•9'4
IOI4
52
62
5134
{534
52
5
3934
I912
V,
534
39% 39%
*17<4
*44
1834
44
44
44 14 4434
115 II6H2
46
4:^78 44
11334 115
m
712
7>a
8
7\
263*
27 14
2612
2678
9S
9934
98
99
12234 123
•170
1221^412234
180
jiom 101 14
16'8
It's
61 7g 6"
144i% 145%
•145
147
97>2
97%
27^8 28
10314
102
121
*215
1221-.
220
I3I4
I314
*58
60
63
5238
•85
1734
213
18
213 H,
13
18»6
74«a
75
38
115
95
188
24
81 14
88
39
87
3334
116
9534
188
251*
82
"
911-2
39
87
109
165
10'J3l 1027f,
•4534
461-.
111^4lllV
37'^
3715
89 Hj 89 li
'242 245
36
36
20
20 Hi
7634
7734
25 4
•94
91
»109
25 14
96
91
125
1'4
l-^i
9138 93
•41
4178
12 "4 12 14
30^8
301a
88^8
88'*,
130
130
I314
1278
105=8 1<«>
95 Hj 98
4214 42 H.
113
113H>
36% 37
96>8 9638
36
35
107
4811
•250
94
•182
•190
100
100
I4
9934
814
3934
46
27
544
250
46
27 4
24% 25
53 4 54
244 250
40
19
*45
17
164
6
62
GOK
59
804 814
60
79 '8
814
36
35'4
37
98% 99
354 354
354 35%
4954 964 95
38
237
97
38
522934 234
33
74
"9
7% 7%
934
94
5034 51%
54 54
39% 3978
10734
49
260
94
182'.
199
'170
'100
180
100
1874188
24% 25
814 82
90% 90%
63;520
2,80(1
4,020
36,410
25.733
3,750
&
Tol. St. L.
W. V. tr. ctts
Do pref. vot. tr. ctfs
24%
534
134
100
40
81
'4
Transit.
250
•244
17
59
844,450
3,646
{236
14
59
6i)"t
Do pref
80 4 AmalsamatedCopper
297,695 70
3334 American Car & Foundry 49,500 314
I6I4
60
794
784 80
3S4
984100
Adams
250
1534
Express
1,900
2.000
Ui.s-Chalnicrs
36
3634
35
98 4 99%
Do pref
35
35 American Cotton Oil
35
95
32
233
4534 46
11134 113
374
37
89 4 89^
242 243
354
'
3
94
944
1934
20
77
41 4
184 Feb
Maris
964
38
§2344
84
?74 74
"94 10
10
504 51% '50 4 514
454 &4 •54 53.
394 3978 *394 40
95
32
Do
97
pref
38
230
American Dist.Telegrapli
230
American Express
*74 ^4 American Grass Twine ..
9% 10% Amer Hide & Leather
054
51
54
5
'.
De
pref
American Ice
Do
3934
3934
Jan 9 §250 Fob
Jan 25 19 Feb
J
.
74
7
26% 27
934 102
1224 12334
26
10034
74
26%
1024
7
7
Feb
39 4
25 4 26
99 1014
12241234 121412234
25% 26',
Do pref
99% 1034 Amer. Smelt' g*
12134 123
Do pref
180
184
734 74%
40
38%
18
105
94 4
187
23 4
814
18 4
18
724_ 73
40
424
112
96
188
105
1054
944 95
187 418978
24%
2334
8178
a;80
2334
81
1734
I634
69
41
72
734
41% 424
Do
pref
American Steel Foundr's.
Do pref
American Sugar
Do
Amer.
12
3,550
4,000
41,020
Reliuiiij;
pref
300
300
&
Teleg...
Amer.Tobac.(new),pf.ctfs
Telepli.
7,455
30,180
American Woolen
Do pret
Anaconda Copper
Brooklyn Union «as
vuusw. Dock <fc C.Imp'i
Butterick Co
Colorado Fuel
\J Do pref
/
<fc
4,5 75
10,700
200
2,850
100
Iron... 136,150
Do
3,500
33,215
11,055
6,964
49,093
1,100
17,500
17,150
20,700
9,125
3,000
pref
Distillers Secuirit's Corp.
Federal Mining & Smelt'g
Do pref
1904 General Electric
2334 International Paper
7934
Do pref
904 Int«rnational Power
115
1884
23 4 23%
234
80
804 79%
•894 904 •89 4
1884 192
8934
155
104
150
103
454
113
154
103
114
3778
89
904
'4
243
35
152
155
10234 103
37
90
244
243
35 4
35
38 4
91%
2454
35 4
3734
91
246
35
3334
33
91%
9178
247
36
92%
199
•190
pret
Pullman Company
ail way -Steel spring...
364
94% 94% i>VDo prel
245 4 247
35 4
-
190
Do
&
Republic Iron
Do
Steel
...
pref
Rubber Goods Mf g
Do pref
SlossSheltield St. <& Iron
Do pref
Standard Rope ife Twine..
Tenn. Coal, Iron & RR...
Texas Pacific Land Trust
-
LJnion Bag
'
Cr.
Do
S.
<&
700
Paper
6,400
1,600
66,8
4,850
pref
Cast
1.
Pipe
<fc
Foun.
Do
prel
United States Express...
United States Leather
Do pref
S Realty & Improve'nt
United States Rubber
U
Do
pref
United States Steel
Do pref
Virginia-Carolina Chem..
Do pref
Virginia Iron Coal &
C
& Co
est'ii Union Teie'gpli
West'gh'seEl M Ig assen
Wells, Farfo
<fc
Do
199
Jau 3
334
103 4
Jau 9
1114 Jan 13
169 4 Jan 12
99 Jan 7
1234 Jan 6
5234 Jan 6
138% Jan 26
1374 Jan 17
143
Feb 1
91% Jan 25
20% Jan 26
93 Jan 6
1034 Jan 25
203 Jan 26
10% Jan 13
7934
68
43
69
25
Nov
484 Nov
22% Nov
5234
Nov
Nov
49% Nov
Oct
434 Feb
8234
14
67
9434
'4
J'ly
Dec
354 Dec
Dec
244J'ne 37 78 Dec
Jan
8334 J'ne
Nov
97
39
219
Dec
Nov
Dec
114 Dee
4334 Deo
14
934 Nov
244 Mar 42 Oct
7 J'ne 20% Nov
22 4 J'ne 42 4 Nov
164 Jan 363g Nov
754 Jan 105 Nov
24J'ne 9 Deo
16 J'ne 29 Deo
46 Feb 82 4 Dec
Jan 14
7
Mar 17
Mar 9
183
Jan
32
25
War 21% Nov
Mar 71 Nov
8834 Jan
Jau 2 110 Jan
1014 Feb 27 85 Jan
18 Jan 20
34J'ut
65 Jan 20 26 J'ly
149 Mar 2 1224 Mai
140 Mar 7 123 Jan
1484 Jan 6 121 Feb
99% Feb 8 85% Nov
30 4 Marl5 10 Jan
1084 Mar 15 69 Jan
123 Marl3 61 Feb
Mai
a;215 Feb 14 185
144 Marl?
5 J'ly
Mar 1 604 Jan 18 477,
„ Feb
Jan 25 554 Marl3 25 4 Mai
1233,.
Dec
Dec
Dec
Mari7
Mario
Feb 2 4
i'ebU
28 4 Mar
23 4 Feb 9
I
Oct
115
Nor
99% Nov
154 Dec
574 Dec
163 Nov
141 Nov
1494N0V
96 Deo
25 Nov
170
9434
Dec
1207eNor
2294 Oct
12% Deo
6234
Dec
58% Nov
Feb 10 100 Feb 21 63 Apr 95 Dec
Jan 25 184 Jan 30
8 J'ne 19 4 Deo
Jan
1944
9 214
Mar 3 185 Feb 220 Oct
128 4 Jan 3 1334 Feb 1 1014 Jan 131 Dec
1434
1534
Mar 16
69
Marl 6 79
832
6,725
8,390
8,100
8,100
3,100
2P3,4l7
175,650
6,035
1,677
1,000
28
4,500
4,376
Istpref
2234
134% Jan 25
Feb
Jan
Jan
May 264 Nov
Mai 82 4 Nov
194J'ne 404 Dec
43 4 Nov 68 Deo
934
7
65
Jan 10
4234
Marl6
120 Feb 20
97 Feb 21
I8I4 Jail 24 192 Mar 16
20 Feb 1 254 Marll
764 Feb t> 82 Marll
65 Jan 18 100 Feb 2a
60
75
11
5
Jau 10 40% Feb 2 7
864 Jan 13 884 Marl 3
644 Jan 25 6234 Mar 1
37
200 116% Jan 10
25,800 244 Jan 24
3,400 97% Jan 7
6,050 147 Jan 24
10,850 93 Jan 20
4,900 42 Jan 26
96,280 1054 Jan 25
11,420 334 Jan 31
8,995 8734 Mar 6
2,013 237 Jan 3
7,620 32 Jan 7
800 93 Jan 25
10,110 15 Jan 23
3,)0(i 67
Jan 10
15,700 24 Marl4
500 94 Jan 25
800 60 Jan 25
100 Jan 13
34 Jan 28
1,200
24,536 68 Jan 25
>>.
'
199
20,420
eop. Gas-L.& G. (Chic.)
3334 Pressed Steel Car
113
944 9434 9334 9434 •9334 9434
19 4 20
1878 1934
19
1978
194 20
"
764
764 764
764 77
764 77
764 77
2534
254 25% 24
25 4 25 4
25% 274 26% •^734
*94
•94
96
96
96
96 4
964 96 4 94
96
•85
93
89 -2 90
87 93
90
89
89
89
109 12 5 ao9 125 '109 125 •109 125
109 125
•1
1
1
14 14
1
1
914 92 % 91
92% 90 4 92 4 894 91% 894 914
414 4 14 414 41% •41
*41
4134 *414 42
42
12
l'^4
24 124 ""
1134 12^4
114 14
114 U4
78
78 4
78
a;764 73
77
774
774 77 4
2978 32
3134 334
324 334 31% 32% 3134 32 4
8878 8978
8934
884 887
89
88 4 894
894 694
130
1;
34
135
§12934 12934 130 133
132 132
J130
124 3
124 124
12
124 124 124
124 12
105^1106% 105 4100% l'!541054 10534 106 a:l044 101%
9434 9534
944 95% 94 >4 954 9334 95% 93
93 4
414 42 4 414 42
42
42
40
4134
404 42
11241 12~. 11241124 112411278 1104 112
11234
1114
3678 37%
36% 3"
36 4 3678
35% 364 354 35%
964 97
96% 974 96 4 9678 9J4 964 95
95%
35
3434
344
35% 3434 35
354
'8
34% 34% 35
106 4ilO 63^ 106 107
106 lUS
106 4 106 4 1064 1034
47
4534 453,
46
47
47
46
46
46
46%
250 260 J 249 4 249 §249 4 2494 §250 250
250 260
9414
94 4
944 94% 944 94% 944 9434 94
94%
182 1 82 4 181 4 181 H, 181 183 '4 183 1834 1314 1814
190
200
670
155
15934 New York Air Brake
10234 1034 North American Co., new
45'.. Pacific Mail
46
45
454 454 45
11241134 1114 1134 HI 4
4634
374
15434
10334
634
Nov
9^
25
85
<fe Hock. Coal & Iron.
Consolidated Gas (N. Y.).
Continental Tobacco, prel
Col.
944 96
95%
94
13,610
American Snutt
70
1054 106 4 105
Refln'g. 244.590
Corn Products
18
1534
4234
2,400
5,72
117
Marll-
2,350
TK American Malting
7
Nov
37 4 Dec
220 Feb 250
6
17
17
Jan 10 22 Aug
Feb;
130 J'ne
Jau 4
5
Auii
Jan 14
2% Jan
Mar 17 11 4 Jan
74 Feb 1
6
Dec
51)4
pref
6334
77 4 Jan
90 Feb
93 4 Feb 2*41 Mar 13
.'
74
Mar
Sep 1194Dec
113
97 4 Dec
98 Dec
204J'ne 38 4 Nov
13434 FeoK 115
Mar 134 Oct
oO 4 Maris 174J'ue 274 Oct
4078Marl7 21 4 May 38 Nov
59%Marl7 32 Feb 574 Nov
HO Mar 4 37 4 Feb cl(nH Oct
158 Mario 158 Aug §165 Nov
9934
Marli; 63
Jan 25 81%
Jan 25 3334
11,620 r914 Jan 25 100
1,600 334 Feb 3 37
34 95 Jan 11 97
38 Jan 10 3s
46 §2094 Jan 4 246
9-2(l
74 Marll 14
94 Fehls 114
8,900
554
16,4-0 4534 Jan
904 *89 4 904
•384 39 H. 384 394 384 394 384 394 Inlernat'l Steam Pump..
39
39
*87
864 88
88
87
8S4 87
Do pref
884 •864 38
594 5078 5934 604 60
62 4
614 62 4 614 6234 National Biscuit
1184 120 120 12034 120 121 119 120 4
Do tiref
3534 384
373,
354 361* 364 3734 National Lead
367b 37
1074108'(. 107 41034 106', 107
10634 106',^
108 108
Do pref
153
10279103:
94J'ne 29 Dec
25%J'ne 6034 Dec
Marl
f,
1.J
112 114
94 4 95
72% Feb 27
121 4 Feb 15
3 634 Mar 13
5% Mar 9
354 Jan 10 41 Feb 2
17 18 17 13 17 19 American Linseed
15 4 Jan 17 19% Mar 6
43
43
Do pref
210 36 Jan lit 46-12 Mar 6
H2 4 42 4 42 46
43 7o 4,534
434 443,
454 47% 46% 484 American Locomotive... 78,625 33 Jan 2,: 48 4 .Mar 17
1144 1154 115 1154 §115 115
1164 Marl 3
1154 1154
Do prel
5,189 10334 Jan
'170
18
1S%
744 75
384 38 4
3,910
Do pref
Union Pacific
Do prof
274 Jan 2(!
Jan 6
Jan 5
Jan 25
96 Jan 1
98 Feb 11
3278 Jan 25
r.'64 Maris
224 Jan 13
354 Jan 18
513^ Jan 25
105 Jan 6
1554 Mar 1
113 Jan 6
97 Jan 9
65 4
Highest
Lowest
24 4 Jan 6
57 JanlL'
industrial &. Miscell
'244
17
367e
27 4
5234
174
99
46
24
do
Twin City Rapid
Highest
13678 Feb 25
71 Mar
101% Feb
x364Feb
40
2,1 6 214Jan 4 40 4 Mar 17
9
Feb
"t UuitRysInv'tolSauFran
80
4.820 64 4 Jan 16 83 Mario 424 Apr
Do pref
11,81- 204 Jan 25 23% Feb 3 15 May
22% 23% Wabash
43 Feb 23 3234 Feb
4534 46%
Do pref
8,600 41 Jan
184 194 Wlieefing& Lake Erie... 1,400 17% Jan 24 1934Marl3 144J'ly
4d4
37 J'ly
Do Istpref
3,600 44% Jan lt< 48 Feb
2-^4 Maria
263, 27 4
214J'm'
Do 2d pref
4,400 254 Jan
24
24 4 Wisconsin Cent. v. tr. cfs. 10,190 21 4 Jan 3 254 Feb 16
16 .I'm
544 Feb 17 37 J'ut
534 534
Do pref. vot. tr. ctfs.
8,938 45 Jan 1
19
274
17
9678
1084 109
1364 131
99% 100
'170 130
•170 180 •170 180
1014 1014 a?994 994 9S4100
984 100
164
16
I6H2 16'4
16 4 16%
164 16% 16
60-'4
61
6I34 6I34
61
61
604 614 614 62
145 4146% 1444 1457e 144 145
143 1437g 142% 1444
140 140
138 133
'145 146 *144 146
145% 146 '1454 147
03
9734
9734
974 97% 974 97% 97
974 97
2St34
30 4
29 4 29%
29 4 30
284 294 2934 304
10341064 106 4107 4 107 1084 10734 1084 107 107 4
119 1194 1184119
120 123
1184 1184 11534 1184
*215 220 *212 220
210 210
210 215
210 215
•13
1334 144
•13
13%
13
13
134
134 13%
•59
•59
58 60 •58 63
60
60
60
60
52% 55 4 53% 6478 534 55% 524 554 534 5434
•95 105
•95 105
85 105 85 105
1734 18 4
17 4 1734
174 17% 174 174
17% 1734
20934
210
2064
21142134 208 212
2084
2084
2084
5939 6912
•II6V1
37 14 3812
108
•150
133
3834
46 14 47
27^8 28
25
96 H;
•32
38
230 '230
8
101,
136%
4 634
*244
36
1084 109
135
234
5378
9516
5334
1091.
stmpeo
cfs.
>6
Lowest
6334
2,690 11534
165,950 3234
131,5011
100
394 407j
584 69%
'4
»1
53 Hi 54
36
57
384
574 53%
23
54
3534
29
39
46
214
60
130
2334
7,300
24,700
Louis Sonth western..
St.
Kange lor Year l'J05
liange lor Previous
On hasis oriou-share lot:
'year(liH)4)
Week
Shares
Do pref
6:14 .Southern Pacific Co.
11838
Do pref
'-2
the
M. & O. stock tr. ctfa...
384 39 14 'Pexas & Pacific
1304 13234 1 hird Avenue (N. Y.)...
29
294 Toledo Railways & Light
S84 394
129
82'-!
25
63
62
^0<% 81"^
96
Sales of
STOCK
EXCHANGE
26% 274
63% 65
68
100
234 23%
474 4634 474
19'..,
19 4 194 19
2S12
250
98
2978
47
2434
17
lYiday
March 17
26 4 26%
63 4 64 14
6878 70 14
40
81
27
47 k:
126^.
304
374 39
294
38
564 58
36
2634
2434
17
61
81=8
•1734
2834
471-i
1934
1264
132
130
293.
361.
4678
19
4534
245
o^a
100
39% 40
134 4 1364
100 100
40
40
82% 83
23
234
{245 245
16 Vj 1658
*3'Jl4
98
100
134 135 7f
100 100
39 12 40
82 Ha 83
23 4 23%
46
-02
"2^0
98
39% 40%
41
132
64 4
Thursday
March 16
118% 1184 1184 118% 118411811 118%
3638
36
36
36% 354 36 't 34% 351.J Southern T.tr.
99 14 9934
994 994 994 994 99
99
Do prpf.
10941094 109
19-4
8'Jt3«8
264
7034
53% 537f
loy^s 110
23
52S4
26
6334
6978
53 'e
110
40 14
130
28
36
47I4
»8
26 4 2634
63 4 64
69% 71
*97ii2
821s
23
3634
993.
100
(Vednesdav
March. 15
March 14
100
40
132
27
36
134^4 135
100 100
39
39
467g
*18l2
*45
263<
71'3>.
llSHj US'!:
9y'.
•97112
13
It,
62 Hj 6312
tsa
»tJ2
Tuesday
Monday
Saiuriiav
JIarch 11
STOCKS
NEW YORK
1095
120 '4 Mario
39% Feb 20
1114 Feb 20
Mar 1
Feb 10
494 Jan 4
15934
105
Marl4
Feb 24
92% Marl?
254 Feb 23
114
39
Mar
33
93
2
Feb 21
Feb 23
874 Feb 23
284 Jan 10
99 Feb 23
1184 Feb 24
130 Feb 23
3 Jan 3
9734 Feb 23
374 Jan 31 424 Feb 10
9 Jau 25 14 Marl7
68 Tan 10 78% Marl4
19% Jau 3 334 Mar 14
794 Jan 3 90 Feb 28
§120 Jan 9 134 Feb P
11% Mar 3 14% Jau 16
10078 Jau 10 10634 Feb 10
77 Jan 4 934 Mario
3334 Jan 3 444 Feb 20
93% Jau 6 115 Feb 13
23 4 Jan 25 37% Marl3
914 Jan V 974 Marl3
32 4 Jan 25 39 Jan 3
105 Jan 23 110 Feb2o
40 Jan 7 524 Feb 24
235 Jan 3 160 Feb 21
92 Jan 17 95 4 Jan 4
176 J an 25 1834 Jan 16
l!JO
Feb 23 1934 Jan 17
2378
Nov 90 Nor
1944NOV
104 May 26% Deo
71
cl51
J'ne
79 78 Dec
Mar 72 4 Deo
Sep 41% Nov
71 4 Feb 87 Nov
36 Jan 59 4 Nor
1004 Jan 117 Nor
14 4 Feb 264 Oct
80 4 Jan 984 Deo
120 Feb 164 Nor
80 Mar 107 Nor
24 Feb 55 Nor
9234 Mar 1124DO0
24 4 May 444 Oct
67 May 92 Deo
209 Mar 244 Nor
16 May 35 Nor
7134 Mar 94 Deo
6 May 184 Nor
37 May 73 4 Nor
1434 Apr 2978 Deo
64 4 Feb
26
28
7434
98
Jan
77
Deo
65% Nor
Deo
314 Jan
Jan 105
6 Nor
34 Mar
31% May 77 4 Nor
39
25 May
4 Nor
3 78 Aug 134 Nor
45 Feb 75 4 Nor
64 May 204 Deo
40 Mar 31% Deo
100 Feb §128 Nor
64 May 2034 Deo
75% Jan 1064 Deo
43 J'ly 84 4 Nor
10 4 Feb 344 Deo
41 Jan 100 Deo
3% May 33 4 Deo
514 May 95% Deo
2234 J'ne 44 4 Deo
97% Apr 116 Nor
18 4 Sep 44 Not
§200 J'ne 250 Aug
85 May 94 4 Deo
153 May 185 Deo
180 AngJ 1984 Nor
BANKS AND TRUST COMPANIES-BROKERS' QUOTATION.S
Banlt.9
United
Bid
Ask
IJnnlts
85
95
BEOOKLYN
Waah.H'htsli 230
West Sidelj.. 575
Vorkvilleli
4'JO
Meclianicsll
Bid
-
325
625" Merchants'.. 130
Na.ssau
Nat City
390
290
271
People'sl,
290
Boroughn.... 120
i:<5
ProspectPkTJ 135
Broa<tway1i
300
17th Ward'i. 1,1
Brooklynl; .. 130
iio" Sprague
230
Cou'yI&BB! 145
Slnyvesant', 190
First
375
Unioni]
150
Manufactrs'. 365
Wallaboutij
160
• Bid and asked prices; no sales ou this clay
1 Sale at Stock Exchange or at auction this
..
BBOOKI.TX
North
Sideli.
Ask
300
300
300
.
160
Trust Cos.
Ask
Bid
Trust Co'b
Bid
Ask
Fai-m Lo & Tr 1470 1490
r>90
Fifth Ave Tr i>lb
CITY
Bankers' Tr. 465
Guaranty Tr 000
Guardian Tr 105
N. Y.
Knick'rb'k'r ;'80
Lincoln Tr... 540
220
Bowl'gGreen 216
BroadwayTr tl734
Manhattan
490
C'lR'tyBcfcTr
Central Tr'st
City Trust...
Colonial
690
2210
310 360
1411
Mercantile .. 990
Merchants'.. 151'
McMoyohtau 640
Commonw'th
tlOl
MortohTrusl 900
Empire
1
<•.
..
.Mut. Alliance
24
KquitableTr 1645
f>45
t
§ Less tliau 100 snares,
week.
Ex stock divideniL
710
205
'
N Y Llfe&Tr
205
1075
505
190
650
925
215
Bid
Ask
Trust
Co'ti
Bid
Ask
New York Tr
710
North Amer. 295
Real Est Tr't 325
305
BEOOKLYN
Brooklyn Tr 450 460
210
335 350
Ha-iiilton
340 350
475
USMtg&Tr 510 ,-,20 KiUtfsCo
310*
I.sl
295
States
1530
L
L&Tr.
Unit
1500
Nassau
260 4
Van N'denTr 275
People's
331
Washington. 420
Windsor
185
1924 WilU&msb'g. '2ao t^40
StandardTr't 3;'0
410
TitleGUitTr 660
Tr Co of Am. 515
union Trust 1410
t>75
Flat bush
'lO
Franklin
.
lies,
c E.'c lUviilead and right*.
Tr u..4t Oo. cortiaciia.s. % a.iaic4 mtrke.l with a paragraph
lii ri
s
(11)
are Stata
banks
New York
Exchange— Bond
Stock
STOCK EXr-HANG K
Week K>miNQ Makch 17
N. Y.
Fritlaii
iJ arch 17
Foreign (iJoveniiiieiit
Japanese Govt 6s sterl'g.igil A-0
2d series 6a ctfs lull paid
Kepub ol Cuba 68 exten debt..
ol ISiHt
U f^ ol AlfXU-.OH u
;">8
I
Speyer
&
Co
1954
ctfs 48
'i'i
State
Alabama
.Seciirities
class
4 to 5
A
B5s
Class
Class
13212 133
132 Si 133
108
103 Sale
100 If, Salt
105 106»8
100 Si 101
94 Sale
hese a re pi
99
Currency funding 43
Diet of Columbia 3-65s
Louisiana new cousol 4s. .1914
North Carolina cousol 4s. 1910
102
118 Sj.
103 S2.
102
.
131
191ii
6s
103 'o
104 Hi 1 06
106 S 106
1011-2
1900
1900
192r
1924
C 4s
10438 104 7p
104'i,106:V
104 '4 104^4
104 "4 105
100i«
1901)
.
1933
So Carolina 4 HiS 20-40
96
Tenn new settlement 3s. .191^
96 S.
931a
Small
971-^
Virginia fund debt 2-38.. .1991
6s deferred Brown Bros ctfs.
Unili'ond
Alabama Cent
laba
M iiU
mee So
See
Albany (fcSusQ
Ky
At Coast Line
L>el<fc Hud
Aee
Allegheny Valley AeePenn KH
Alleg & Weal See BuH K & P
981a 99 S,
A1995
Ann Arbor Ist g 4s
Atch T & S Fe gen g 4s... 199;") A-O 104 '6 Sale
•102
A-O
1995
Registered
9 6 "a "97^^
Adjustment g 48
/il995 Nov
Nov
M-N
Stamped
Debeiiiures 48 Series D.190G F-A
Registered
/il990
/il995
Series E
series F
Series G
Series
Series 1
Series
lUO'i
97^4 Sale
97^4
9938
FA
1908 F-A
1901IStlO
H
1911
F-A
F-A
FA
1913 F A
K
East Okla Div 1st g 4s.. 1928 M S
Atl Knox & Nor l3t,g58..194t; J D
Atlantic Coast Ist g 4s./tl95V M-S
Charles & Sav 1st g 78.. 1930 J-J
Sav F & W Ist gold 68.. 1934 A-O
Ist gold 5s
1934
Ala Mid Ist gu gold 6s 192s
Bruus &
l8t gu g 48 193fc
SU Sp oca <fe G gu g 4s 191b
Atlantic & Danv See South Ry
Atlantic & Vadk See South Rj'
Austin <& N
6'«eSou Pacilic
Bait & Ohio prior 1 g 3 "as. 1925
Registered
/il925
Gold 4s
/il948
Registered
/tl94b
Conv deb 48
1911
W
W
A-O
.VI-
J-J
W
Registered
101 14 Sale
142
1301a
115^8
lli'8
98 '8
t)8
J-J
A-O
983b
9Sh2
Hj
112^4
J-J
9534 Sale
10434 Sale
y-J
Nl-S
N
PLE<fc
VaSysrel 481941 M-N
Southw Div Ist g3'28... 1926 J-J
PJun&MDivl8tg3'28iy2&
97
.VI
/il925
Mouou Riv 1st gu g 58. .19111
Ceu Ohio R 1st cg4i2S..ly3(. M-S
Pitts Clev&Tol 1st g 68 1922 A O
Pitts
West Ist g 48. ..1917 J-J
J P
Co certts
Bat Creek
s See Mich Cent
Beecli Creek See
VC& H
ti
&
109
93
100
Since
Uifjli
IO4I2IO4H!
104 105 Si
Feb '05
104
107
104
j'ne'02
104 la 106
106 It 105 7g
132 Si 133
133 133
109 1« 110
1..^
105'f Jau'05
132
133
110
Si
Mar'06
133
110
10914
124
93
iW
R&
J-J
FA
J-D
&
SusQ l8t ref g 4s.ril951 J-J
Bur Cedar R & i^o Ist 53.1906
Cou Ist <& col trust g 5s.. 1934
Registered
1934
Ist gu 08. 1921
C R I F' & K
<& St L Istgu g la
1927
190&
C<auada South Ist us
'2d 58
1913
Bull
W
M
Registered
Carb
& Shawn
191;;
See
U614
99
102148316
12 I Si 123
II3I4.
lo:i Si
106
M-S
1
9
'v
98
100
g 5is..pn>ir,
1946
1946
5«....pl946
58
5h
Wl-N
F-A
.VMM
Sj
99
IO2I4
Oct
/>iy46 Oct
/ir.i46
Oct
Feb '05
98
IO2I4
loa'v
IO6I4
MU&No
23 102 Si 104
26 lC53bl09
J'ly "04
Winona
&
Si Pet 2d 7s. .1907
Isl gOs 1921
Ext & Imp stuiid g68 1929
Ashland Div Isl g 68.. 1926
Mich Div lstg6s
1924
Convertible deb 6s. ...1907
Incomes
1911
Chic Rock Isl & Pac 68. ..1917
Registered
1917
General gold 4s
198b
Registered
lOSb
1934
l8t& refunding g4s
Coll trust Series C 4s .. 1906
MU LS& West
H4s
Jan
94
'06
94
94
110
112
121
I8'6l22
115 II5I4 16
Feb '06
110
112
War'06
U514
121
121
24 113
11 5
107
92
69
J'ne'04
90
93
(17
74%
621a
62'-j
94'.
I
1
531.,
19 U)
92
72 Si
66
39
6s
Si
.Si
1045 A-O
2002 J-J
Bk City Ist con 5h. 1916, 1941 J-J
Bky Coifc S cou gu g 58.1941 M-N
Bklyii Uu El Istg 4-08.1960 FA
KiugH Co El Isl g 48
1949 KA
194'.'
btaiiiped guar 4s
NuHsaii Elec gu g 48
1951 J -.J
City ife S Uy Ball Istg 68.1922 J 1;
Conn UycVj LlHt<fe ref g4SiK'51 J J
FA
II 2
8.;i4
10s 14
H2S.Miir'C5
Mile
b(!
86 Si 113
109"b I09S2N0V 01
Feb '115
U,'6
..111
921a
ao'e
108 Si 11234
1101.^
1101..^ '""i
93
Sb'e
89
""o
86=H
"
106"
i'oV;
Den Con 'i'r Co Isl g 6H...19:!;
Den Tram Co con g 68. .1910
Mel lly Co IhI gu g 68..191
AC
J-J
'v
Feb '0/1
Bway<te7thAvl8tcg58l94;i
Col* 9th Av Istgu 1^68.199;',
I
tii'icu
"9.5"'
95
'e
i'16'4
11.-s
119
.M-S
119Si
1191.1
Fndiky: luteal price inis week.
Si
II5I1
I
8 S.
118=8
11^<«»
115
JD
1
1
^
96"h
95'S-
05
-S-
,M'M'9^
lll.'
uUuo.<an
iVii" iVn^
II7I4 119
1213,
121
1
a Due
,vpr
«
i>ue
.ii.uy
II214
102 Si 103 4
97
109Sj
i>6
*86ia
82
10178
97 Salt
Apr'02
10434
10134
Apr '00
8438
70
10134
10734
11134 Sale
IU'4
106 '8
106ieMar'o5
137 Feb '05
12034 Mar'06
1191a Mar'oo
117 Sep '04
120
1363 135
135
114
b634
80 S2 83
102
101
961...
9714
9618
96%
IIOI4 IIOI4
103=6 10:". 59.
IO6I4 108
l06Sil06S»
10734
11134
108
107
11134 112
105 106 '8
133 Si 137
11834 121
119Sill9S2
Mar'05
134
137
115 Feb'06
loOSi Feb '05
115
lOyia....
116Sj
188
H0»8....
187
UOia Feb'06
10934 iioSj
112SJ
HI'S.....
9818
1121a 11314
loys. J'ue'o4
y8i8 Jan '05
iioSi Apr'oi-i
1191a FebO.
112
116
.....
119S2
11034 111
117
Si
117
lla
133
i-j
112
132 Si
115 Ss Sale
106 '8
114''a
10ti°»
.
Si
115 Si
Aug'04
Mar'04
Aug'04
1073e Oct '04
11034
111
....
IIOI4 111
IO914IO9SJ
115V. 115^8
1161? Jan '05
128I4 128 14
104 1-2 Dec'04
iieigii'vis
128 12913
'v Feb '05
Uo'g .Mai'o5
UOia Dec'04
100 14
119
119
113 115^4
113 115
I0512I07
104
103
116
117
113
lo7
106
104
May'04
99 Si 101
lOOi^,
Nov'yb
DeC'lM
Feb '05
Feb '06
106
IO4S2IO6SJ
Mar'04
11334 11314 Feb'05
10834 Jan '04
118S2 Feb'05
11 5 '4 Nov'04
100 «
104 Si Nov'04
106 Si May'04
1041s 104 'f
105%
;u4
109»8
117
113
117
113
Mar04
II8S1
I0314
113
14
11734 118
Si
112
Si
10418107
10934 J'ne'<j4
130
130
119
11434 117
109
1020^,
119
J'lv'99
106
169
113
101
UOSi
98i«
ll9Sill9Sj
110 11084
116 117Si
112 11238
L15Si
'li
113
113 Si
984
110 '4 Feb'oo
117
lJ7'-r
112 Mar'05
137
11034 111
10934
11634
ill's
117
128 128S.
10434 106
99
looSiloySj
178 187
187
'4
129 14 Jan '06
129 14 129 14
II9I4 Nov'04
124
J-J
J-J
10o'4 10634 KKr'.i
.1
Ry Lt II&P lHtg5s.iy37
Cub con 5s. 1937
Underground Klec Rys of Liui
City
-r
Itys St li l.>it g 4s.l9.!4
iiicM40-yr coiiHg 5«. 193i.
l/'inteil
«;iiH iukI Klcclric Lislil
.VIlantJiG L (;o Ist e 6s... 1947
.
H334
10738
137 141
120Sj
117Sj
Sj
io'534 i'lo"'
Mar'05
82 14
82
I23I8
122 ^
,
Uuo
11834 1 19
Si
S2
1231a
Sal"fc"
101
'J434
9434
96
93
94
94
91'4
81 34 Sale
131Si131Sj
3 122
"17
14
90
Si
i'o'i'ii
126
io'7"
'03
983b i93
y7
14
l06-'4
Jan
98
100=8
96^4
12oS.
Nov'04
107
"98""
Feb '02
Jan '06
Apr'04
Sep '03
"y"7""'""9"?"ij
Sep -04
J'ly '04
Iilay'04
May'04
Dec'04
8I34
Mtty'04
823b 619
761-^
Sop
81
Si
83I4
'U4
9334
91 Sail94 V 266 9334 \\1\
110 11034 116 Mar'05
110 11534
112iall5 10.; 'b Jan '04
95 Sep '04
10634 J'ly '04
110
reel ikiiilwn.v
.Mi-I
c/
107Sil08i«
111 111
97 14
97
96i8Feb'05
107 18....
10534 Aug'04
UOI4....
IOI4 Jau'06
lOoSe....
03=8 Mar'05
108 108ii 1 U8
108
106=8....
106 Si Feb '05
99 ....
10034 Feb '04
93
Is
Sale
117Sill8
96 'y 97
1183bll9
951- 96
.Mil
(
103 '4 104 Si
10134 10258
03 Apr '01
113 Mar'(i5
113 113
02 Sj 102»8 100 111158 1031a
97 Mar'uu
97
98 Sa
13 14 Feb '05
II3I4II314
95 ^i Sep '04
8634
Sale
13634
1351,
1123^ I13I4
1331.1
...
116
106
95
lb 134
109=8...
J-J
J-J
u-
\\
95
108i« Mar'05
111 Feb '05
U9Si 1918 llOS.
II8I4 17 Si Oct '04
106 Si 06
IO634
108
since
iSexi Piiurc.
don I'nilll «h«riin,' 5s...l!P0b
riiKiii I--I ((;iiir,) l.st k' 5s.. 194.'
I lilted ItUsSiin FrsI 4«.192V
J'lie'OO
io4"'b
January 1
135
1361-2 Feb '0
113Sill4Si 1 13 14 Mar'oo
106Si
104 Si Sale l04Sj 104Si
102 Sale 102
102
106
I06
St Jo
99
^5
Feb'o4
142
131
103
109
1;
I'll 111
Range
high Ao Loxo High
112=8
J'ne'99
lllia
I0714 Aug'04
135^4 136Si 13578 1-6
101
A-O
M-N
M-N
M-N
M-N
M-N
M-N
M-N
M N
iMS
I2
Feb '05
95
104
102
F-A
M-K
fltiij
9b
Ask Low
94 Si
110
I3214
91
ij
Last Sale
132
87
1
United Ist con g 4i28.1'.'3.L«uiH Ry (Jo isl con g68..19.ii J-J
Jiet St Uy geu col tr g 68.1997 KA
I)et
F-A
Met St Ry—cro/i;H('l 4»2002 A
Lex Av<fc V ! l.sl gu 6s 1993 M S
'i'liird Ave Rll coiigu 4.s2000 J J
TInrd Ave liy Ini g 5-^.. y;;;
J
St
99
96
March 17
J-J
9234
'.J
Week's
Range or
iVl-b
\V S Kl(Chio) lst^;4^*. J:!b F A
Kl Ryifc L 30-yr g 5.S. ly-Jti F A
Minn SI Ry 1st ton g 5k.. 1919 J J
93
•
99' 10034
on
I
11014 11314
92 14
92i4.Miiri.
93 Miii'O
.•>iiii-.
b3i4
-H-N
Wl-N
1916
1910
N 4.S
1917
O 48
1>48
191b
Chic R I & Pac RR 48. .2002
Reui.slered
2002
Coll trust gold OS
1913
Choc Ok <fc G gen g os .ol9l9 J -J
gold
Consol
1952 M-N
68
1)C8 M Ac Kt I) l8t2Si8..1906 J-J
Keok cfc DesM 1816n
1923 A-O
UlSCELLANEOU-S UONUS—Clonliuue*!
Street KiiiUvay
Brooklyn Rap Tr g os
Ist refund conv g 4s
J-J
J-J
J-J
J-J
J-J
99 14
101 Si 102 14
120 Si 120 Si
<fe
<fc
M-is
9134 93
7134 Sale
65 Sale
M-S
Mar'05
Mar'04
Mar'05
Sep 'Oi
120 Si Feb 'o,
120>-2Mur'03
112 Si Sep '04
10334 iu3Si
Sale 105'4
M-U
y-il
126'<jl26Si
12434 126
1
Cent
111
Cen Branch lly see Mo Pac
Ceu RR& BoIGacol g 68 1937
Cent ol Ga RK iHt
CuuHot gold OS
Registered
latpref income g
2d prel income g
3d prcf income E-
103
126
126
Si
105 12 10 (
Carolina Cent See Seab Air L
Carthage <fe Ad See M Y C <fc H
Ce<l R la F <fe M
See B C R <& N
Ceil Hrauch U P lstg48...194b J-IJ
JVI-N
Apr'97
89
106 Si Jlar'u4
108 Sep '04
119
100 Si....
115
12334 125
I26 128
J
Jan '05
Feb '05
62
ifc
M-S
A-O
-
CJ-J
J -J
J •J
&D
i
Pgen g 68.. .1937
AU<fe West I8tg48gu..l99fc
1943
C1& Mah Istgu gus
Roch<fe Pitts Ist g 68. ..1921
Consol Ist g 6s
1922
Butlalo <fe Southwest A'ee Erie
J
1916
1924
1910
1910
1st 5s
J-J
D
Exten
1908
1 <fe
l8t78
Lacrosse
1st 5s. ...1919 J-J
Mineral PouitDiv5s....l910 J-J
1910 J-J
So Minn Divlst6s
9413 96
1909 J-J
South west Div 1st 6s
W1S& Minn Div g 5s. ...1921 J-J
10338 1051a
IstM L 6s.. ..1910 J-D
1913 J-D
103 lOlig
1st consol 6s
1915 Q-F
106 1101.^ Chic &Northw cons 78
9lia 931?
Extension 4s
1886-1926 F-A
991-4101
Registered
1886-1926 F-A
1987 -M-N
92
93 Si
General gold 3SiS
Registered
»1987 i-i-F
Sinking lund 63. ..1879-1929 A-O
Regisu-red
1879-1929 A-O
Sinking luuil 5.s... 1879-1929 A-O
1879-1929 A-O
Registered
98
98^4
1909 M-N
Debenture 5s
1909 -M-N
Registered
1921 A-O
Debenture 6s
Registered
1921 A-O
1933 M-K
Sinking fund deb 5s
Registered
1933 M-N
DesMo&Minn 1st 7s. .1907 F-A
U9 Si 119 Si MUw & Madison Ist 6s. .1905 M-S
1910 iVl-b
North Illuiois Isl 6s
Olt C F «fe St Paul Isr 5s 1909 M-h
96
951a
96 Nov'04
IU434 105
103
103
1
1921
Gt So g 68
Sou assu g 6s
Hast <fe D Div 1st 7s
Far
Bellev
Bullalo
P WlstgSs
Cliic<fe
Dak
112«8Jan'04
1 1 4 14 Oct '04
93 J'ly '04
9734 Oct '04
N
& Car i&ee Illinois Cent
Bklyu & Montauk See Long
Bruns & West See Atl Coast L
Bultalo N V
Erie See Erie
J-J
J-J
J-J
-
125i«jSrov'03
Price
Friday
Bid
J-D
Cent Pacilic See So Pacillc Co
Chas & Sav See Atl Coast Line
dies & Ohio g 6s ser A../il908 A-O
10234
103 Si 686 94S2l0.^ia
Gold 6s
al911 A-O
99 '8 1003. 1793 9018 10034
1st consol g 5s
1939 M-N
105
105 7g ,-3 IO314 108
Registered
1939 M-N
13 tlOO 101
101
n'034
General gold 4SiS
1992 M-S
9434 43 9334 94^8
94
Registered
1992 M-S
ices
n the a-sO. 0/ $5 to £.
Craig VaUeylstg 58. ...1940 J-J
R<fe A Div l8tcong48..1989 J-J
101 Si Jan '05
lOlialOlia
2d consol g48
1989 J-J
IO914 Oct '00
Warm Spr Val Ist g 5s.. 1941 Wl-S
102SiMar'02
Greenbrier Ry Istgug 48 '40 M-N
111 Mar'02
Chic & Ait RR ref g 3s. ..1949 A-O
11934 Oct '04
KaiLway 1st Uen 3ias...l950 J-J
106 Si Dec '04
1960 J-J
Registered
10314 Dec'04
Chic B & y— Oh <fe la D 5s 1906 F -A
1361a J'ly '01
Denver Div 4s
1922 F-A
120 Mar'OC
lUiDois DivSSjS
1949 J-J
96 Mar'06
96
96 14
1949 J-J
Registered
95 Si Dec '04
Gold 4s
1949 J-J
97 Mar'05
971*
97
Iowa Div sink fund 5s. .1919 A-O
12 Mar'05
12
IS^e
1919 A-O
Sinkingfund48
Nebraska Extension 48.1927 M-N
Registered
1927 M-N
1921 M-S
Southwestern Div 48
Joint bonds See Great North
Debenture 5s
1913 M-K
Han <^ StJos consol 68.. 1911 M-S
Chicife-li mists 1 cur 68.1907 J-D
983,
8 961a 983j
981a
Ist consol g 6s
1934 A-O
IU.II4
104''4 194 1033910434
General consol 1st 6s
1937 il-N
lOJSjMar'O.'i
102 Si 102 Si
Registered
1937 119734 I2t) 94^8 9734
97
Chic & Ind C Ry Ist 5s. 1936 J-J
9738 Feb '05
931a 973b Chicago & Erie See Erie
H634
97'.!
b'ti
94=8 98
Chic In<fc Louisvrel6s...l947 J-J
99 Aug'04
Refunding gold5s
1947 J-J
9934 Oct '04
LouiSY N A & Ch 1st 6s. 1910 J J
99i2Nov'U4
Chic Mil cfe St Paul cou 7s 1906 J - J
9914 Dec'04
1914 J-J
Terminal gold 58
99 Si Jan '05
99 Si 99 Si
General g 48 series A..*1989 J -J
Nov'04
98Si
Registered
el989 ^-J
97 Oct '04
General g 3 S28 series B. el 989 J-J
99i4-lau'0&
99 14 99 14
1921 J-J
Chic<fe LSuDivg6s
112'2Nov'04
Chic & Mo Riv Div 68. ..1926 J-J
101
IUI34 SO 101
1910 J-J
Chic & Pac Div 6s
103Si
90^4 J'lyn)v
Si
Central ot G3j—( Contiiiued
Chatt Div pur inon g 48.1951
Mac<fe Nor I)ivl8tg58.194«
Mid Ga<fe Atl Div5s
1947
MobUe Div 1st g 5s..'.. .1946
Cent of N J gen'l gold 58. 1987
Registered
;a987
Dock & Imp gu 5s. .1921
Le <& Hud R gen gu g Ss 1920
Leh & Wilks B Coal 58. .1912
Con ext guar 4S28
(/1910
N Y & Long Br gen g 4s 1941
Am
Si Dec '04
104 Si Feb '05
«o-S
STOCK EXCHANGE
Week Ending March 17
J
Ao Low High
llov, 13
109
i«
93 Is Mar'ii5
Si Sale" lOOia
IUO34 103
92^4 Sale
92 «8
93 If 28
107
BONDS
10614 Aug'04
106 r)ec'04
104SiMar'06
I'AiiES
N. Y.
January
sale
M&
&
Kange
Ask Low
Bid
U, !S. Governinent
U S 2s consol registered. (/I'.Kiu Q-J
V S 28 cousol coupon
(il'J3() y-J
U S 3s registered
/cl'Jl,>U S 3s coupon
fcl'JK"U S 38 reg small bou(ls..fcl'Jl.'^
U S 38 cou small bonds. .A;191>^ ^!-F
AlllO?
TJ S 4s registered
/tiyo7 qj
U S 48 coupon
19'2."i
U S 48 registered
XJ S 4s coupon
19'J."
Philippine islands 48.1914-34
Weelc's
Kanr/e or
Last Sale
Weekly and Yearly
Record, Friday
OCCUFYINU KOIJK
ue
/i.
Duo
.<
ly
(l
10734
.VI
N
J
J
106
113
.r
1)
100
A
A
(1
J
\\
.1
L>u0
.
93
117
96=8
90 Si 94 S»
120 Sj
9HS)
Mar'(i5
117
94^8 97
116Sill8S»
96
90
'.'7
llb38M:u'0o
95
Feb'06
106 Oet '99
106iaNov'04
.
.
'8
Salt
110
J'ly '04
100
IdOij
36
97
IOOI4
109S.l)i:l-.'99
(1
90
J
.".S-VSalL
N
90
Sale
96
90
88=8
99
90
1-.
30;'
8834
23
"8"7i4""9"6"'a
Bo's
883*
Dec '97
I)
Aug uDue Uot
p Due Nor
«Optiuu ual*
I
Mae.
Bond Eecord— Continued— Page
18 IOhS.]
STOCK EXCHANGE
Week Ending March 17
Chic & St L, .See Atcli T & Sa Fe
Oliic St L & N O See III Cent
Chic St L & Pitts See Penn 0<>
Chic St p M & o cou r>s...iya(i
K. Y.
L
See C C C <& St L
5ee C C C St L
cfe
Clearfield & Mali 6ee B R <fe P
St L gen g 48 1993
Clev Cin C
Cairo Dlv 1st gold 4s....l93;i
Div let g4s. 1991
Cin Wife
StLDlTlstcol tr g 4s. .199(1
C
(J-M
gold 4V2S
St
1
Cin S
<fc
March 17
Last Sale
Since
Januarii 1
Ask Low
High No Low High
Vi&\
138
93
Dec '03
133 Sole
94 14
135
132'8Xov'04
130=8
1293^ Mar'()4
125
125 12 Feb '05
97
97
94^8
95
115 Feb'05
95
113
Sale
118
98
115
115
104i2riec'03
Oct '00
113
lOOi^
98
119
19iio
Div
Spr &
Val Div
WW
Ij& C
CI
Col
1st g 4s. .1940
J-D
J-J
J-J
93
99 Ha
WW
Clev cfe Pitts See Penn Co
1947 J-J
Col Midland Ist g 48
Colorado* Son Ist g 4s.. .1929 F-A
Ry
Greeny
Sa
So
Coloni &
Col
Col
A-0
<fe
W Ist 6s.. .1921
Construction
1923
5s
Term <fc improve 48
1923
SyrBingcfe N Y Ist 73.. 1906
Warren Ist ret gu g 3 '118.2000
Del& Hud Ist Pa Div 78.1917
Registered
1917
Alb& Sus 1st con gu 78.1906
Guar gold 6s
1906
Kens & Saratoga Ist 7a. 1921
Bel Rlv RR Bridge See Pa RR
env <fe R Gr 1st con g 48.1936
Consol gold 4 Has
1936
M-6
M-N
J-D
J-D
J-D
103 14 10278
100
9934
Elgin Jol & East 1st g 58.1941
Blm Cort <fe No See Leh <fc N Y
Brie 1st ext gold 4s
1947
2d ext gold 58
1919
8d ext gold 41523
1923
4th ext gold 58
1920
gold
*th ext
4s
1928
let consol gold 78
1920
Ist consol g fund 7s
1920
Brie Ist con g 4s prior. .1990
Registered
199(.^
18t consol gen lien g48..199(>
Registered
1 99(
Penn coll tr g 4s
1951
50-year conv 4s A
1953
Bu« M
V&
Butt
S
W
Gas and
U
See PPr(»
105
Mar'98
Feb'05
11334 114
Mar
Penin See Sea Air Line
W
W
"»al
...
1'
Fort St U D Co l.st g 4 48.1941
Ft
A DenC Ist g63.... 1921
Kt
& Rio Gr 1st g 4s. ..1928
/ I al Har cfe S A
See So Pac Co
H& Hon882 1st 58.1913
A
A
110 4 Sak
8818 90
IIOH2
1093i
87 4 Feb'05
105H 10415 Jan
A-0
40 1084
85
'05
1
12 14
874
104
4 106 1«
90
lOlHi
Line
See Sea
See Sea
Line
(j(M(ri;ia Pacific
See So Ky
(jila V G <fe Nor See So Pac Co
Gouv & Oswegat SeeN YCenl
Grand Rapife Ind See Penn RK
Gray's Pt Term See St L S W
Gt Nor— CB&tJcoU tr4s 1921
Registered. A
1921
097e Sale
9979
9334
100 1^ 218
Mar'05
9841014
J-J
J-J
993.
Han
".J
.
.
103
107
Ha
.
'4
.
9114
.
133
114H2J'ly'04
106 Mar'Oo
107
107
102 Feb'03
.
J-J
J-J
M-S
A-O
A-O
993
1
101
108
J-D
J-D
102-t
Oct '04
Feb'05
Registered
103
105
10634 107 Ha
W
Mar'04
Aug'Ol
10414 Dec '04
IO414 Feb '05
149
'10514
'.
142
Ha
Sale 101
10834 108
96
79
97
81
93
'.13
Mai '05
10134
Feb'05
10934
99-\
Feb 'Oo
Feb'05
97
Jan '02
M
100
95
Sep
'04
Sep
Jan
'04
'05
95
70
90
"-J
114
Hi
117i8Jan'05
108'4 112
113^4
114
IO.sHj
95
84
Lake
961-2
107i.iJnu'0f,
117 Hi ^'eb'05
J-D
M-S
M-S
J-J
J-J
J-J
J-J
F-A
A-0
.
107 41071-;
1171-21174
lolH. 103
133 137
Feb'05
133HiMar'05
130 Aug'03
103
133 Ha
130 Hi
101 Hi Sale
.
U7iflll7i«
J'ne'()4
11334 J'ly '04
1161T2117
104
.
101
Ha
101
H.
ife
Sale
927e
10334
931-2
119
91
93 4
88
94
'4
N'ov'04
94 Ha
9434
Sale
110
1091-21101.,
126^4
105
126Hi
.
110
.
1'221-j124
105
13534
II6H2I2O4
112
111
40
370
126^!
1
Mar'05
944 97 Ha
Eri6<fc
Wist g 5s.. 1937
2d gold 5s
1041
73
9534
10934
Sale
II8I4II9
1134
7234
10938
11078
1184
114 4
1031-1
1114
1014
1194
1104
734 678
7519
73
Oct '00
1204 120
V Ter Ry 1st gu g 58.1941
Kegiatered
1941
Leh V Coal Co 1st gu g 58. 1933
Leh & N V 1st guar g 4s. .1945
Registered
1945
E1C& N Ist g Ist pf 63.1914
Gold guar 58
1914
Leh & Hud K See Cent of N J
Wilkeab SeeCentof N J
Leh
Leroy
Cauey Val See Mo P
1184
11710 1193^
Mar'O.".
112'\1144
Feb'o5
117
Jan
IO8I4IO314
'05
lllHa
105 Jan '04
UO-'^sJan'Oo
09 4 Oct '99
)08 Dec '04
99 Jan'O
lllHa
4120
11041114
119l4ll9'8
1
113
9714
1084.
1064.
106
99" '99"
4 Nov'04
<fe
HI
Long Dock See Erie
Long Isl'd— 1st con g5s.A1931 Q
1st consol gold 48
ftl931 Q
General gold 4s
Ferry gold 448
Gold 4s
1261-.2
Unified gold 48
105
110
Debenture pold53
Guar ref gold 4s
105
105
13434
i3G4
118
.
99=8 'Jf-'^s
121 I22I4
100 103'^
70-» SI
114'i 116
85 4 88
85 Hi Mar'Oo
8734
63
lH4o
1264
12141234
I2312
123H2
105 Feb '05
136I4 Mar'05
118 J'ly'04
113H.N'ov'03
117 ....
117 Jan '05
II5I4II6I2 116 Mai '05:
104 Dec'04l
109 llOHi 110 Mar'05|
118 ....
ll7HaJan'05'
111>4
11034
Mai'05
cfe
44 100
98H!Jau'04
93
1153v
85
Leh
llS-b,
11441154 UoSg
Dec '02
122 I4
Mar'05
101 1014 1004 1014
75
77
75
75
1950
Kentucky Cent See L & N
Keok cfe Des Mo See C R I & P
KnoxvtUe & Ohio See So Ry
Registered
M-K
M-S
M-S
A-O
Mar'04
9934
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
lllH2ll4Hi Leh Val N Ylstgug4H28.1940
Mar'Oo
l«-K
106
107 4
9938
122 14
10714
See
K&T
gold 38. .1950
Reg-istered
813, Mar'05
93i4Mar'05
II5I4 118>4 117 Nov"04
114H2.
109 14
M
Kan C & Pacilic
Kan City Sou Ist
110
11041104
110 4 Jan '05
103 14 103 Nov'04
M
H9'i.
94
102
Ind Bl <fc West See C C C & St L
Ind Dec <fe
Ist g 5s
1935
Ist guar gold 58
1935
Ind III & la 1st g 48
1950
IO418IO4I4 Int& Great Nor Ist g 6s. .1919
2d gold OS
142H2l42Hi
1909
3d gold 43
1921
Iowa
102
Central
100
1st gold 5a. .1938
Refunding g4s
108 109 H;
1951
Jellerson RR See Erie
108 110
9818 99 78 Kal A & G R See L S <fe
S
an <fc Mich See Tol & O G
89
94 Ha
K C Ft S & M See St L & S F
K C & R & B See St L <fe S F
13334
.
1951
Memph Div Ist g4s...l9i)l
Si L Sou 1st gu g 48
1931
117
117
II4I4II0
109
111
11741174
Dec '04
109'eJan'05|.... 109 '6 10978
Electric Light
1938
1922
1932
1949
J
M
J
M
1931 J
1949 iVI
BklyncSi Mont 1st g 68.. 1911 M
lst58
1911 M
N Y B tfe B Ist con g 5s 1935 A
X Ycfc R B 1st gos
1927 M
XorSli B 1st con giru5sol932 (j
Louisiana cfe Ark 1st g 53. 1927 .M
Louisv cfe Nashv gen g 6s. 1 93(^ J
Gold 5.S
lo:;7
Unified gold 4s
1940 J
Registered
194(' J
CoU trust gold 5s
1931 .M
5-20.yrcol tr deed g 48.1923 A
E H cfe Nash l.sl « 6s
1919 J
M
•'/!
.UlSl;ELI^^E<)U!^ BONO."S—<JoiitiiiucMl
Bklyn
St
.
104 4.
14218.
Erie ist 7s. .1910 J-li
W gold 6s
M dc
.
A-O
F-A
.MS
.MS
A-O
A-O
M-K
1908 J-J
Dhlc<S; Erie Ist gold OS. .1982 !\n-'s
Jelt RK Ist gu g 58
ol90i< A-O
Long Dock consol g 6s..l93S A-O
Coal&RR Istcurgu 63.1922 (Vl-K
Dock <fe Inii) 1st cur 6s. .191:; J-J
X Y & Green L gu g 5s.l94(i M-S
17 Y Sus &
Ist ret 5s. 1937 J-J
2d gold 4'<28
1937 F-A
General gold os
194U F-A
Temiinailst gold 03... 194 3
Regis ?5,ooo eacli...l943 M-N
Mid RR 01 iS' J Isl g 63. 1910 A-0
Wllk <fe Ea 1st gu g53.1942 J-D
Brie & Pitts See Penn Co
<fc
Ch
W
W
Il^astol Minn SeeStPM&M
Jast Ten Va & Ga See So Ry
.see
,
109 Hi
Improvement gold 68...192h J-D
9936
Eio Qr West 1st g 4s. ...1939 J-J
9414
Consol and col trust 48 1949 A-0
95
Utah Cent Ist gu g4s al917 A-0
Rio Gr So gu See Rio Gr So
Des Mol <fc Ft D See C R <fe I P
DesM&Minn See Ch & N
Des Moi Un Ry Ist g 58. ,1917 .M-N 104
Det M & Tol See L S & M So
97
Det & Mack 1st lien g 4s. 1995 J-D
Gold 48
1995
Det Sou 1st K 4s
1951
Ohio Sou Div 1st g 4s. ..1941
Dulcfe Iron Rangel8to8..1937
Registered
1937
2d 68
1916
Dul So Shore & Atl g 5s.. 1937
101
104
10034 100 '4
98 4 931LU078l03~t.
103H!
114
aug6s..l926
St con
so
J'ne'(i2
Oct '04
Lniu High,
12318 12414
111^4
CCC&
<fe
Feb '05
tli
-Sc
1
PfreM
112
104
114
No
1
B"-A
St
4-193I; Q-F
fcl93t;
Registered
Cin S & CI con Ist g 58. .192^1914
r consol 78
1914
Conaol sink fund 78
General consol gold 68.1934
1934
Registered
Ind Bl <fe
1st prel 48.1940 A-0
Q-J
Ind
Ist
pt
5s...(<193>^
<fe
O
Peo & East Ist con 4s... 1940 A-O
1990 Api
Income 4s
CI Lor <fe %\Ti con 1st g 5s. 1933 A-O
Clev & Marietta -See Penn KK
Clev & Mahou Val g 58...193y J-J
N Y Lack
Feb'05
981.2
C
&
....
10(>l4 ....
January
J-J
-MS
l8tgold4s
Morris <fe Kssex l8t79...1914
let consol guar 78
1915
Registered
1915
Istref gu g3HiS
2000
1023^
10034
Ini!
Kla
110
Since
5.°
Greenbrier Ry See Che,s &
1 06
Mar'05
113 10534
Gulf c*« S I Istref & t ;; 5s 61952 J-J 103 105
97
.fe St Jo
SeeCB&Q
100
94 H2 .Aug'o:;
ousatonic See N Y N H <fe H
IIOI2III4 11034 llli» 105 109 111«8
106
105 Jan '04
Hock Val Ist consol g4Has. 1999
lo5 4J'ly*04
10114
100 Nov'04
ilegislered
1999
•iIII!lio44 100 '4 Apr '04
O0I& H Vlstext g4a..l948
113 llS'a 112 Jan '05
U2 112
HoU3t E ife
Tex See So Pac
12334 ....
123 Dec '04
Houst&TexCen See So Pac Co
113 Nov'04
I Uinois Central Ist g 4s. .1951
I Registered
134
134 Feb'05
134 134
113HjMar'00
1951
100
103 4 102 Atig'()4
Ist gold 348
1951
104i2Nov'01
99 Hj,
94 Mar'03
Registered
1951
94 14 Oct 'OH
99 Hj.
Extended 1st g34s
1951
100 Mar '05
99
9834 100
70 Oct '04
1st gold 38 sterling
1951
107 ..
823, 153 73
10634
107
80 H?
82
Coll Trust gold 4s
105
107
83
1952
112i2Feb'04
102
..
116
102
Oct '01
Registered
1952
105 ..
105
105 Ha
104 4 106
L N O & Tex gold 43 ...1953
10178..
119
101 Apr'04
Registered
116Hall6Hi
1161a Jan '05
1953
It^O
..
1064 Mar'03
Cairo Bridge gold 4s
1950
94 '4 9(ji8
76 Sale
964..
96 H76
77
28 7334 77
96
I-ouisvilleDiv gold 3 4s. 1953
UOI4 9412
109
93^8 Sale
..
9314
251
123 May'99
Middle Divreg5s
1921
"86"
86 Ian '05
Omaha Div l3tg 3s
85 4
1951
81
St Louis Div gold 3s
So Nov'04
1951
Registered
1951
96
96
96
Gold 3Ha8
1951
95 Ha 96
96
101 ig Oct '99
Registered
1951
100 Nov'OO
Spring Div Ist g 348. ..1951
IO518
10534 Nov'04
107
108
108
108 IIOI4
Western Lines 1st g 4s. .1951
12441264 124 4Ai)r'04
128 Ha 128
128'3l30 128 1-2 Feb '05
BellevtfeCar 1st 6s
1923
130i4Mar'05
13014
130
30 H,
Carbcfe Shaw Ist g 48. ..1932
90 Nov'98
125 4.
130 Jan '05
130 J 30
123 14 125
Chic St Life N O g 5s.. .1951
125 Feb'05
123
11934 Mar'04
Registered
1951
129i4Mar'05
129 14.
95
I2918I2914
Gold 34s
9358 Mtty'04
1951
M-N
,V1-N
1st g 4s... .1940 J-J
consol 6s.. 1920 iVI-K
& Hock Val See Hock Va
Conn & Term See N & W
Conn & Pas Rivs 1st g 4a. 1943
1 "Vak & Gl So 6ee M & St P
J-ZaUas & Waco S«« M K
T
Del Lack & Western 7s. ..1907
10294 Sale
IOOI4
9834
8
^
O
Kegistered
1942
1st gold 6s..l92i
1st g 5a. 1930
Georgia & Ala
(ja Car & Nor
11314 J'iy'o4
9334 Feb '05
98^4
Ind
L'<ar,£!0
97I4
or
Last Sale
Astc Low
High
123 14 12334 123 Is Mar'05
10738--..
106 Oct '04
6s. 1921
Co Hrancli
liVtfc
C
&
M
& T H 1st cons
MtVeruou
Sull
8438
Range
WeeH's
Range
March 17
liiU
30 13378 138
125 H2 125'-.
86 14 B9
Price
J'riday
STOCK E.XOHAXGP^
Week Endi.n'o March 17
N. T.
Istgeneral gold 58
J-r>
consolaf 7s...l90o A-O
1937 JJ
Cin D & I 1st KU K 5s. ..1941 A/l-N
Cin I & "W 1st fni g 48.1953 JJ
2(1
Kange
Evans
H&D
Cin
WeeK's
Range or
Bid
Cons 6s rednced to 3 vs. 1930 J-D
Oil StP<fe Mlnu l8t£r6s 191S VI-N
Xor Wisconsin 1st Gs... 1930 J -.7
StP& SClty lstgGs...l91'J A-0
Chicag:o Ter Trans g43...104'i J-J
Coupon off
Chic& West Ind gen k 6s 91932
Chic <feW Mich ,See Pere Marq
Choc O cfc Gulf Aee C K I & P
KONOS
Price
t'riclav
I*
1097
2
011
.Ne.xi
IIG'4
117'*Feb'0;
117iell7'4
10134 Mar'05
105 Jan '05
IOII4IOI34
105 105
100 '8
1014102 4
1014
99
96
14
Oct
'04
1014
100 4 Mar'05
II3I4
110
102
108
103 Is
116
1
09 14
112 I4
106
12034
120
loSHa Sale
«11478
:)97gKale
114-V
1014
1004103
J'ne'O.i
10134
105^4 Mar'03
112 Mar' 02
107 4 Sep 0-1
109 Nov'(M
10534 Feb'05
120 Ha Feb 'O.119 4 Feb '05
103^4
103 4
29 ioi
4
1033^
104 Ha 105 '9
119 12034
117
llOHi
U3 1024104
10178 J'ne'04
11478 Jan '05
lU'alll'rj
9978 l(!0i4 105 98 41 00 Sg
114 4 Jan '('5
1144114»«
I'iiue.
4ilaN niul iCIi-otric Liaiii
Gas 1st cou g 53.1945 M-N 11634 Sale 11 634 11634
Bultalo Gas 1st g5s
1947 AC
73 Sale
72
73
Cpusol Gas conv deb Os
1909 J-J 184 4 Sale 184 Hj IS634
Cousum Gaa See P G cfe C Co
Detroit City Gas g 5s
1923
IOII4IO2 102i2Feb'05
Det Gas Co con Ist g 53. ..1918
105 J'n6'03
EdEUUBkn See K Co EL cfc P
E
lU
Se« N Y G cfc E L H cfc P
fdq G LN Y 1st con 5s.. 1932
g
M-S 111
112 Nov'03
Eq G cfe Fuel See P G cfe C Co
Gas cfe EleoBergCoc g5s.l949 J-D
61 Ha Oct '01
Gen Electric deb g 3 4s.. 1942 F-A 89 Ha 90
89 Ha Mar'05
Gr RapG L Co 1st g os... 1915 FA
10734 Dec '00
Hudson Co Gas lat g os.. 19-19 M N i'loia
1094 Feb'05
Kau City iMo) Gas 1st g 5s 192 A-O
100 Oct '04
BlngB Oo El L cfe P g 58. ..1937 A-O 108
Purchase money 6s
1997 A-O 126>4 127 127
127
BdElIlBluil8tcong4sl939 J-J
96I4 Oct '04
95
97
V • No price i^day; latest bid and aaked this week. aDueJan
llGi-all?
73
70
17414I3714
LacGaBLofStLl8tg58.el919 Q-F 10841094 10S4 lOOHa 29 lOSHilOS"*
92I4 Jan'05
.Milwaukee Gas L Ist 48.. 1927 M-N
9234
92 14 9214
.•Vint
Fuel Gaa Co See
i"eo)<
(-.a.s
N VG EL
11 ifc P g 5s... 1948 J-D
1114 Sale 1114 1114 9 110 1114
Purchase money g 4s... 1949 F-.\
94
94 V 18 94
9734
94 Sale
100 102H2
Ed El 111 1st conv g5.s..l91() M- 8 103 h. 105 103i8>rar'05
103'8l05»4
1st consol gold 5s
1995 J-J 113
120'-2J'uc'04
1063^
NYiliQEl LcfcP lslCOUg5sl930 F-A 10634
10614
io5" ibs"
100 Mar'04
N Y cfe Rich Gaa 1st g 58.1921 M-N
1271* Feb'05
Peo Gas cfc C Isl con g 6s. 1943 A-0 126HJ
Yii" mi*
Refunding gold 5s
1947
105 1(J73. ii)634 Dec'Ol
ChG.LcfeCkelstgng5s 1937 J-J 109 110 110 Feb'06
108 110
89Hj 9134
10814 Feb'05
10714 llfy
Con G Coof Ch l8tgug58.'36 J-D 108Hj
1004 1C0%J
Eq G cfe F Ch 1st gu g 6S.1905 J-J IOII4
1004 Jan '05
ib9i^i094
Mu Fuel Gas 1 st gu g 5s. 1947 M-N 1064107 107
107
105410714
Syracuse Lighting Ist g 58. '51 J-D 100
110i4Mar().11214
Irouton
El
Ist
M-b
11078
G
cfc
5s..]
949
U014
g
125 127
113 Jan'O."
11114113
Westchester Light'g g 58.1950 J-D 1114
Due Feb dDue.\pr eDuo.May ADuaJ'ly /cDu(iAng oDuewct «Due.iec s Option sale
MS
'.
6
Bond
I0i)8
/'rice
. riday
STOCK EXCHANftK
WEEK fc-NDIMi JIAECH 17
X
Y.
ifc
N
M
1931'
2(1 KoUl Us
() <fc
Pensacola Biv gold 63...192U
1921
8t L Div l8t golil 6s
198(1
2<i cold 38
J-.I
M
M-S
M-S
Hender BdKelst8lK6s.l931 M-S
Kentucky Cent jrold^a.-iyST J-J
L<feN<feM&Mlstg4'28l94ri M-S
J-J
L& N-SontU M toint48.1952
F-A
N Fla&B 1st gup 5s.. .1937
F-A
.1921
6s.
1st
sn g
Pens & Atl
S & N Ala con pu 58..1936 PA
1910 A
Sink fund gold 6s
L<fe Jeff Edge Co gug 48.. 194;" Ms,
L N A & Ch
See
C
I
&L
M
109
13l»'4
130-''4
A-O
A-O
J-J
W
98^>100l12
611
F-A
98
A-O
gu g 5s. 1916 A-O
10'.
96
113
i 07 i^
--'.'--
4s gu... 2361 J-J
241-2
16
Sale
Sale
A-O
& Mad ,Sfe Chic & N W
& Xorth See Ch M & St P
Minn & St L Ist gold 78. .192;
9534 Sale
4s...?
31
Registered
J L<fe Slstg 3128
1st g 3128
MStP&SSMcong4intgu'3«
17'..
6j
14
»5'4"
9''^j
20
9412
26I2
98
J-
Dec '03
96
Mar'05
101*2 Sale
101
101
"99»8---"
103
NoV'oi
lOO^aSale
IOOI2
-I)
11
lll»a Jan'Ci5
122 Feb'O.".
II314 Mar'05
1171-; n7''4 Jan '05
96
M<fePlst5s8tpd4sintgii 1930 Jgii 1926 J
M S S M <fc ASeeIstStg P4 int
M <fc-M
Minn Un
Ist g 4s.. .1990 J
7til4
221-i
16
142
10958
Apr '04
Feb 'UP
...--
124
120
10734
10614 J'ne'04
"2
1
122
105'8l05'«
iosisMaV'OS
llnloSep'Ol
119 58 Feb '05
11958
119
11334 Jan '02
ib7'-2FelV'05
10534
10534
107121071a
H'4i8l06
Mai'04
101
W
.
<fe
<fe
101 >2
6^ lOOValOlJ^
101
...
...
<fe
11314
11734 11734
98'g
96
99
75
103
New York Xew Hav Hart>13134 Apr'03
Housatonic R con g 53.. 1937 M-N IfO'a
N H Derby con g 5s. .1918 M-N no
ioiTgNiV'oi
1905 J-J
N Y& X E ist 7s
X Y & Xorth See X Y C H
If't'104
N Y O & W ref Ist g 4s..ffl992 M- S 104 Sale 103i2Jau'0;
^"1992 M-S
Regis $5,000 only
X Y & Put See X^ Y C & H
X Y & R B See Long Island
X Y S & W See Erie
X Y Tex & M -See So Pac Co
1941 M-N 111 112''2 111 '4 Feb '05
Xor& South 1st g 5s
13334
1331-^ Jan '05
nsfr
l'-2
11:114
50
96i4May'Ul
9934 10038
J-D
124
120
124
120
Mar'05
106i2Nov'00
M-N
M-N ----A-O IjJ
A-O l,\p. 4
Oswe<fe R 2d iru ir 5s...('1915 F-A *100
RW&<JTRlst gug 5s. 191 8 M-N 1051210614
Utica<fe Blk Rivgug4s.l922 J-J
X Y Chic & St L 1st g 4s. 1937 A-O 10534
1937 A-O
Registered
X Y & Greenw Lake See Kne
Hud
Y
C
&
See
X
N Y & Har
See 1) L cfc
N Y Lack &
See Erie
N Y LE&
N Y'' & Long Br See Cent of N J
X Y & X E See X Y X" H <fe H
78
W
11138
I22I4
II314
1O8I2
1-21'2
1952 M-N
W
140
Jan '03
MS
BatC<feSturl8tgug38.1989
N Y <fc Harlem g3i2S.. .2000
2000
Registered
X Y<& North 1st g 5s. ..1927
R W<feOconlstext5s.ftl922
Nov'03
121
139
jfg
117
1931 M-S
1931 Q-M
1940 J-J
1940 J-J
1951
Registered
i'osi^iio"
10778109
100 101 14
100 >8 10058
lUO '8 1031*
,
131i2
MS
105" May'OO
J-D
l2f_
1.^9;4
&Y
9o->8J'ly'oi
1909 J-D
Iowa Ex 1st gold 78
Pacific Ex Ist gold 6s. ..1921 A-O
South West Ex 1st g 78.1910 J-D
1934 M-N
Ist consol gold 58
Ist and refund gold 4s. .1949 M-S
Minn & St L gu See B C K ifc X
J-D
MS
107
103
io"876'"i(mii
lOh'g 109
109
Sale 101
101
lOOislOl' 100i«ret)'0o
101
1(>9.;8*"'« loo's
114 Feb '02
10 ^34
101
F-A
J-J
J-J
J-J
J-J
McKees<feBVlstg68l918 J-J
68.1909
consol
Mich Cent Ist
41 10555107
r,."^",
l<;9i'.:
JOi
108
1997
i9J8
DetMon&Tol 1st 78.1906
1938
KaA<fettRl8tgnc5s.
Mahon C'l RR Ist 58. .1934
1st gu 68.1932
Pitts McK
1934
2dguart)8
II5I4
113
737s
75
Since
o
Mai '05
106
.^
2361 J-J
Debenture g 4s
llo'^llO's
7b
7^
77
75 Jan '05
454
261-2
>2
24
Bale
78
J'^
Shore gold 3I2S. .--1997 J-D
Registered
110
97
U3
10634
107
103 Dec'Ol
I0714 107^.
I08»2l07
J-J
Mil
Mil
Tex
Lake
9SS8 Oct '04
97 '2....
CoU tr g 41^8 Isl Ser....l90^ FA
MexIntematlstcoTi g4s.l9i_/ MS
197/ M-S
Stamped guaranteed
19H J-D
Mex North Ist golil 6a
Mich Cent See N V Cent
Mid of N J See Erie
Mil b S <fe W See Chic & ^ W
Mo Kan
Xor & Mont Ist
West Shore 1st
J-D
191!'
coll gold 58
X J June R gu 1st 4s. ..1986
N Y&Pu 1st COU gug4s 1993
Registered
no
Range
WeeK'a
KaiKje or
Last Sale
hrtiiav
January 1
March 17
Wekk E.vdino march 17
Ao
Hiqii
Low High
Bid
Ask Low
X Y Cent & H H— (Continued)
io7'2J'iy'00
Moh & -Mai 1st gu g 4s. .1991 M-S 101
'0~
105 Oct
Mar'03
110
10734
income g 38.al93i .TM'y
2d consol income g 3s..ol917 Jly
<fe
30'-.: 13934
126'i!l26'2
•
1st consol
Equip
Feb '05
'•i
1939
off
109
126 Feb'(i5
112 114 11638 Mar'U2
Apr '04
122
121
75 J'ue'02
113 Nov'99
112^4
KIOHj IOOI2
100
Is
110 Feb'0.=
107
96''b
6
96'4 Sale
115 Mar'<)5
116
113 II514 113 Feb'O
115 116 llS^Mar'OS
12612
Hxqh,
109
Mar'05
STOCK EXOHAXGE
58
S
See L S <fc
Mahon CoalRyconsol
48.1990
auhattan
1990
Registered
1908
Metropol El let g 68
5R....1934
Coloniz g
Man S
McK'pt & B V See N V Cent
Metropolitan El See Man Ry
Mex Cent consol gold 4s. .1911
Coupons
IO914
Vol. lxxx.
-Page 3
J- rice
N. Y.
Janvary
No Low
High,
Ash j.ow
JUti
<fc
a;5
SaI.e
r,asl
— Continued-
Jiange
Since
Han(/e or
march 1?
:sAH\\v—( Continued J
LomsT
h Cin & Lex sold 4»28...1H31 M-N
N O M 1st sold k;s....l9:?<> J--T
iieOOrd
15 10314 10638
103 '2103V
llll4lll'^4
857, 112 85
8712
85'-2
85^4 8ale
F-A
133121331a
1931 M-N
5i 1033410712 Norf <fe West gen g 6s
10638 107
lOO'^sSaie
M-N
l^f-i
132 Dec '04
Improvem'ttfe ext g 6s. .1934 F-A 13118
9934
87
903< Mav'05
90
A-O
...2001
48.
ret
g
St L Div 1st
1932 A-O 13258 140 132 12 Dec '04
Xew River 1st g 6s
10514 Dcc'04
107.'4
1043»
1031-2 61 100
Dal & Wa 1st gu g 58...1940 M-N
'.'5
9138 O5I4
X <fe Ry let con g 4s. 1996 A-O 10 3 14 Sale 103
95 M<ir'll5
KanCcfe Pac 1st g 4s.. .1990 F-A 113
9934 J'ne'04
1996 A-O
Registered
lllHj
111
Uli^Jan'Of
A-O
99 14
99 100
99 14
97 100
Mo K & E 1st gu g 58. ..1942 M-N 108 Sale 1(:834 MarOo
DiVllstlcfe gen g4s... 1944 J-J
Uil'^slOS'"
1942
9719734
95
97 Sale
97
K & Ok Ist gu 5s
Pocah C & C joint 4s. .1941 J-D
106^.
86 106 109
106 Sal.) lu6
M-S
K<fcTo£Tlstgug5s.l942
10912
lo9i2Feb'05
1091a
M
1922 J-J 109
CC&Tlstgug5s
1071210710
107 12
107 ^: Feb 05
102
103
10^12
102
1026,
Sher Sh & So 1st gu g 58.1943 J-D 106'-.'
Sale
'2
ScioV&XElstgug48l989 M-N
101'2l07
Tex & Okla 1st gu g 5s. .1943 M-S 106=8 107 l06^i.Mai'O5
1051210658 North Illinois See Chi <fe X
U)6-"'» Feb'O'
1906 M-N
Missouri Pacific 3d 7 3
North Ohio See L Erie cfc
123 125
1920 M-N 125 I2518 25 Mar'05
106 Sale 105=8 1061.. 170 10-13410014
let consol gold 68
107^4 20 10634 1103b Xor Pac— Prior lien g 4s. .1997 Q107
107
107
M-S
91
al
stamped.
gold
5s
104 IO5I4
103 100 104 12 Fob '05
Trust
y-J
1997
Registered
50 76I4 78
al917 M-S
Registered
7678 Sale
7634
77
Q-F
lieu gold 3s
a2047
1101-2
General
1071-2
107ii
107
^2
1
sale
07
1920 F-A
7634
75
7512 7634 75 Feb '05
Ist coll gold 58
a20i7 Q-F
Registered
96
98
9')
97 la Mar'05
97
101 101
Cent Br Ry 1st gu g 48.1919 FA
101 Feb '05
IO4I2IIO
St Paul-Dul Div g 4s.. ..1996 J -D 100
110
Uf)
lb7
J-J
192b
VALlstg5s
Leroy&C
19961 J-D
IO4I4
Registered
I04I4
l(!4l4
li>3
Pac R of Mo 1st ex g 48.1938 F-A IO414
117i4Mar'0o
U7 II7I4 C B iS; y coll tr 4s See Gt Xor
12658 12658
2d extended gold 5s. ..1938 J-J 117
1265b Jan '05
St P <fc X P gen g 6s. ...1923 F-A 125
11634 119
119
8t b Ir M & Sgen con g osl931 A-O 119 Sale 119
132 J'ly'99
Registered certi tic's.. 1923 ij-F 1191-2
'o:;
Oct
\{vj\
A-O
1931
stampgtUgSs
II2I4 J'ly'03
Gen con
96I4
1931 F-A 113.2
St Paul & Dul 1st 5s
94
95 "2
96%
Uultied & ret gold 4s. .1929 J-J '96'«.Sale
108 109
109 Feb '05
1917 A-O 110'4
2<1 5s
9634 98
>l'^4.
9714 Sale
11 '4
9978101
Riv& <Jr Div 1st g 4s.. 1933 iW-X IOII2
100
101
Feb '05
101
1968
J-D
4s
consol
gold
Ist
1st g 5s. 1926 MS
Verdi V I &
92 . ...
94 Aug' 04
1948
Cent 1st g48
Wash
1 12 Mar'04
113-4
J
-J
194o
"05
lien
5s
g
lljia
iis'" iie'ii
116 Jan
Mob Jfc Bum prior
Nor PacTerCo 1st g 68. .1933
92 12
95 Xov'04
1945 J
Mortgage gold 4s
98 Hi Nor Ry Cal See So Pac
98
97
97
Mob J ifeK Clslcousg5s.i95H J
Xor Wis -See C St P M & O
l'.:6'2l29
l-'9
128 i;.u 129
Mob & Ohio new gold 6s. .1927 J
122 122
Nor <fe Mont .See X Y Cent
Mai'O,";
2
li:6
1st extension gold 68..7tl92" Q
-see C C C & St L
9"
&
97 14
9734
97 U
96
Olud
193
1181411814
General gold 4s
11814 Feb '05
117 119
hio River RR 1st g 5s. 1936 J
113"'«
11334 lio e
14 Feb '05
113i4ll3>*
Moutgom Div Ist g 53. .194 F
113^4 Feb'05
113
1937
A
gold
58
General
'4
95
Feb
'05
95
9:.;
95
95
Bt L& Cairo coll g 48..el930
Cal
-bee So Pac Co
Ore
&
isrov'04
101
99
1931 J
Guaranteed g4s
Ore RR & Xav 6'ee Un Pao
See Southern
<fe O coU 4s
Ore Short Line See Un Pao
H
V
C
&
See:^
Mai
&
Mohawk
Oswego & Rome -S'ee X Y C
Monongahela Rlv See B & O
O C F <fe St P -S'ee C & N
11354 llBHl
Mont Cent See St P M <fe M
115 Mar'05
194' J-D 11434 115
Coast Co 1st g 5s
Pac
Morgan's h& & T See H P Co
ac of Missouri -See Mo Pac
W
Del
L
See
&
'05
104 104
Morris <fe Essex
104
104 Jan
109
i2nTgl'.>158 Panama Ist s fund g4i2S..l 917 A-O
l21>.jFob'05
Chat & St D 1st 7s. 1913 J-J
Nash consol
Sink fund subsidy g6s..l91( .U-N 103 107 102 Aipr'O
11578 117
l\G\ 116«H
1928 A-O
gold 5s
iioTgiViU
Ist
111
111
Sale
111
Penn Co— Guar Isl g 412S. 1921 J-J
119 119
119 Jau'05
106 106
Jasper Branch 1st g 6s. 1 923 J-J 120
1921 J-J 109 llUi-2 1(16 Jan '05
16I2.
Registerec
II7I4II7I4
Mar'05
1
il7'4
J-J
.1917
6s.
McM M & Al 1st
9212
102 Nov'98
Guar 3128 coll trust reg.1937 MS
11414.
J'ly'o4
113
1917
,1-J
6s
Ist
94
Branch
94
P
92 14 94
94 JLu'05
Guar3i2SColl tr ser B...1941
Nash Flor <fe Shef See L <fc N
F'eb'05
9834
977fc 98
certil's gu g 3 1-28.1916 M-N
Tr
Co
101^4
Dec
'04
104
19'2(;
J-J
Natof Mex prior lien 4128.
lis Oct '04
C St L ifc P 1st COU g 5s. 1932 A-O 119
83 's Sale
S3^ 175 8ii-J 8316
82 58
1951 A-O
let consol 4s
1932 A-O
Registered
H
X
H
<fe
Y
H
i08i4 Aug'03
New 11 & D See
llS's
CI <fe P gen gug4i2S8er A.'42 J-J
K V Cent
N J June RR See See
1942 A-O 117
Series B
PeuuCo
100I4
New & Cin Bdge
1948 .M-N
3128
Series
A-O 11534 117^.
991.2
N 0<fcN E prior lien g 68^1915
96 Jan 01
1950 F-A
Series D3I2S
See L I
9(12
102 Nov'OO
N Y Bklu & Man Bch31^8.1997
J-J
B.1940
Pitts
gug
Has
Erie*
3
100^.'
9958
100'4
9934
lOOH
Sale
J-J
Kivg
&
U
Cent
9534 Apr '04
N Y
941a
1940 J-J
Series C
1001.2
991* IOOI2
99 14
1001-^
1997 J-J
Registered
N & C Bdge gen gu g 4 i-js 1945 J J 10512
10034 lOO'V
U1O34 Feb '05
1141811'! !«
Debenture g 48.. ..1890-1905 J-D 100^4
11413
Jan '05
11453
A-b
PCCcS:StLgu4ia8A...1940
99 Dec'02
1890-1905 J-D
11334 11334
Registered
1 1 334 Jan '05
1942 A-O 11458
Series B guar
9934
May'04
101
Wl-N
1905
4s
ext
g
Debt certB
110 Aiig'04
1942 .M-N 1134
Series C guar
99i2Nov'02
1905 WI-N • lOO^e
Registered
104
'04
101
Oct
14
1915 M-N
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9II4
93
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90-34
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935g 93"»
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9359 Feb '05
1949 F-A
935b
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9934
90 '4
90 14 Sale
89
89
1998 F-A
Kegislereil
11658
J-J
Ist7s...l912
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91 12
89
90
90
90
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1998
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121 Mar'04
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2d73
89
89
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89
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10712 Fob'o5
106 107
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102 Mar'04
1936 J-J 104 18
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110
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1936
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95 Apr '02
91
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1912
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1911
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101
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99 Mar'05
111 Jan '05
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97
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111
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85
84
90
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96
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97
95
101
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18 li^"5.]
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STOCK EXCHANGE
S. Y.
"WEEK Ending March 17
KR
Penn
5^
Week's
Kange
Kanye or
Since
geii
Penaacola <fe Atl Hee L & Nash
Peo & East Hee C C C & St L.
Peo & Pek Un 1st g 6s....l9'21
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1920
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1939
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124
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16
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I2II0
120
101
Pitts
See
123
II3I2
116
120
93
10134
100
Feb '05
1131-2
122
112
116
11434 116
123
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11712120
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102 '»
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10034
107
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109
77
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99 la 10034
109
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109
77
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101'4Nov'01
95
95
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95
95
93
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104"'8Feb'05
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104
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131
115
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99^4 9934
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96
91 Sale
102 '2
<fc
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91
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8614
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83
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88 14 9214
Lec'04
126'4 Jaii'uy
St Liouis So See Illinois Cent
Ist g 48 bd CU3.1989
St Li S
2d g 48 uic bond ctl;s...f»1989
Consol gold 4s
1932
Gray's PlTer 1st gug 58 1947
St Paul & Dul See Nor Paciiic
St Paul
<fc Man 2d 68.. .1909
Ist consol gold 68
1933
Registered
1933
Reduced to gold 4 'as.. 1933
Registered
1933
Dakota ext gold Os
1910
tsxt
gold
1st
1937
Mont
4s
'Registered
1937
E Minn Ist div Ist g 5s. .190b
iSor Div 1st gold 43
194b
Minn Union Ist g 6s
1922
193"
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193
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193
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8t P <fe Mor Pao See Kor Pac
St P «& S'x City See C St P
<fcO
Salt Lake C let g s f 6s. ..1913
8 Fe Presite Ph Ist g 5s.. .1942
6 A <fe A P See So Pac Co
8 F <fe N P Ist sink t g 6s. 1919 J.J
Sav F & West See AU Coast L
jjcioto Val <fe N E SeeHot&W
Seaboard Air Line g 4s ...1950
Coll tr lelund g 58
1911
Car Cent Ist con g 48. ..1949
Ela Cen & Pen 1st g as. 191b
l8t land gr ext g Ss ...1930
Consol gold 5s
1943
r
9934
98'58Nov'01
9138
92 351
9m2Sale
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92
99 14
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801a
82^8
86
101
1261412614
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2'J
9814 1011,;
84
80
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42
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833t
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110iaJan'05
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137
137
137
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11214
10434
137
137
40 May'()2
111
111
llBiflApr'Ol
11238 Mar'05
103 Si 1041-2
106 May'Ol
10434 Mar 05
122^4
13034
128
35
Apr'02
Jan '05
13434
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1
Ill
Sale
112
lU4i2Sal6
I
II8I4.
1191a.
1123gll23H
7
2 103^-2 1041a
10434 10434
135
135
118 4,Feb'05
117 Jan '04
110
107=s.
11818 1181*
11334
1021a.
90'8 Sale
104
aSh
104
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1041...
ab^^s
108
Jan
'04
109
9034
10434
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Feb'o5
90 84-34 92
14 1031410434
98
98»b
109 109
110
logiaMar'Uo
II2I4II3I4 1121a 112
11214 ....
110 Jan '05
llli4May'03
11034....
91
Sale
10836 106 Jan '05
109% 10938 Jail '05
106
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115
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Oct
25
102 14 IO214
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108
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112 ivr^
108 la 108 4i
11742 12014
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114 116
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114
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1947
1911
1911
Ore Ry cfe Nav con g 43.1946
Ore Short Line Ist g 68.. 1922
1st consol g 5s
1946
Guar refund 48
1929
Utah cfe JSIor Ist 7s
1908
Gold 53
1920
Uni M J HH cfe C Co See Pa RR
Utah Central See Rio Gr Wes
1st lien convert 4s
J-J
M-N
M-N
9514 Jan '05
106^4
'8
106
10612 105
105
104
13334 .'sale 133
J-D
F-A
J-J
J-D
J-J
J-J
42
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13734
'a
12 1
Feb'05
102'. 102'4
1023j
125
119
42
97-^8
',
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Sale
10934
112
125
119
97
'a
114
'a
42
U2
125
20
122
'.21
9834 1001a
12014123
95 102
1141211514
9642
98 4j
91
95
91 1»
b6ia
891a
83 42
97 42 9734
112 1124J95 14 95 14
31 104=^4 IO6I4
1031-2 10534
112'8 l:-!8'«1163g 1214j
"o 10234 103 4j
li'jii
1
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11242ll24»
9734 201
127 4i
120
9718 98
1241-2
1171-2
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109'-.
109
109
114
110
1-2
110
Si
W
South Ry
Southw't lat gu 58.2003
1st
gold
1939
5s
Wabash
2d gold 5s
1939
Debenture series A
1939
Series B
1939
Ist lien equip s td g 5s. .1921
Det cfe Ch Ext 1st g 5s. .1941
Des Moin Div 1st g 4s.. 1939
Om Div 1st g 3ia8
1941
Tol cfe Ch Div 1st g 48.. .1941
St Chas Bridge 1st g 63.1908
Mid
irginia
&'ee
cfe
Wab
Term
Pitts
1st
102
Jan '03
FA
J-J
J-J
M-S
J-J
J-J
111
II8I2 Sale
H'»
91
71 Sale
102 42
110
-9314
no
1181-2
108
42
90
Mnr'OS
118
109
Feb'05
71'-.
704:
102 Jan '04
110
97
Lac
cfe
10742 110
11814 1191a
42 11 21a
'4
Jan
108
90
100;
90
6642
71-34
10934 110
'0..
Nov'O-i
8814 Mai '05
A-O
96
M-S
99 42 9742 Jan '05
A-O 107
09 4a Mar'0:-i
94 42 Sale
94 4j
95
g 4s. 1954 J-D
1954
see Del
J-J
lVl->i
86
88^8
42
98 1»
9442
4234
951a
45^8
97
1
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D
43
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43
138
4434
West
Wash Cent AeeNorPac
Wash O W .See Southern
West Maryland 1st g 4s... 195 A-O 93i4Sal.- 9214
94
West A' Y
Pa let g 5s.. 1937 J-J 11842119 118 42 Feb '05
99I4
9834
Gen gold 3-4s
1943 A-O
98 Mar'05
cfe
97 Sale
101ial02
95 12 Sale
A:1949
W Ist gu g 58.. ..1941
10934
10034 Sale
Cent Pao 1st
ref gu g 4s 1949
Rezistered
1949
Mort guar gold 3'28..A:1929
Gal Harcfc S A I8tg6s..l910
2d gold 78
1905
97
101%
95 14
9758 720
97
10 101
9534 100 95
101 -'s
89
8934
108=8 109
891a
•113
lU--^ 115
105 110
105 12
106
1933
syi-,
Income as
West No Car
W Va Cent
cfe
dl943 Nov
South Ry
1st g 6s. .1911 J-J
Feb '05
109 Mar'05
107 "4 Feb '05
P
8838 8934
lOSifcllO's
113 la 115
lu9 109
1051210714
1922 J-J
20-year equij) s f 03
194 M-S
Isl consol 48
Erie
Wilkes cfe East See
cfe M
cfe Sioux b- See St P
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40
94
llS-a.
HI
1111*
983*
Mai'Ol
111
"92 la
111
Mar'05
11414 Jairo5
110 '4 May'04
I14I4 II4I4 114'-,
102 Jan '05
sale
92 4i
9234
941.2
Sale
II4I4
IVS'e
114
11414114"*
114s»
102
113
102
92
95 1«
M
WU
Wis Cent
1031a J'ly '04
30
90I4
118
98
iS'ee
L E 1st g 5s. ..1926 A-O
Wheel Div Ist gold 53.. 192b J-J
Exten cfe Imp gold 5s. ..1930 F-A
Sep '04
50;
cfe
Wheel'gcfe
"26
108 ifi Mar'Oo
1001.2...... 103
Hous E
97 'e
10134
941a Aug'04
108^8 lll^e
1091a Feb '05
100 1.J 101
100 10012 104
99 14 Mar'03
Pac Ist g 5a.. ..1931
88
91 4»
106 lOS'g
109i8l093g
'-2
-
Warren
IO31Q,
Registered
VG&:^ l8tgug58.1924
& W T Ist g 58.1933
9934.
'04
102 14 Mar'i'5
1041a Deo'04
115
115
1141a Dec '04
119 Feb '04
1141a
115 '4
109 38 109 Jj 10914 Mar'05
109 14 110
109 42 Feb 05
100
103 Oct '04
N
11034 112
11212 Feb '05
108 42
10842 Mar'05
119 42 Sale 1194. 119-\ 173
110 Feb '04
1994
Registered
96 42 97 42 9634
97
Mob & Ohio coll trg 4s. .193b M-S '"117
II7I4 Dec'04 "4
.
..
Mem Div 1st g 4ia-58... 1996 J-J
100
99
99
1951
St Louis div 1st g 4s
117 ...
11842 Nov'04
1918
Ala Cen R 1st g 6s
1948
981a Mar'05
Atl & Danv 1st g 4s
9042 Dec'04
1948
2d 4s
96
42
Atl & Yad l8t g guar 48.1949 A-O
114's,
118
May'04
1916 J-J
Col cfe Greenv Ist 6s
11334
114 Feb'05
E T Va cfe Ga Div g 5s. .1930 J-J 121
121^8 12178
'8.
1956 M-N
Con 1st gold 5s
114 Mar'05
1938 Nl-S
E Ten reor lien g 58
124
14
12414 Mar'05
1922 J-J
GaPac Ry lstg68
Knox cfe Ohio 1st g 63. ..1925 J-J 120 42 126% 126 42 Feb'05
1915 J-J II6I4
Rich cfe Dan con g 6s
116H> Mai 'of'
112-8 Jan '05
1927 A-O 112
Deb 5s stamped
9542
97
98 Feb'05
Rich cfe Meek 1st g 4s. ..1948 M-N
Bo Car cfe Ga 1st g 5s. ...1919 M-N IO834 1101-; 110 Mar'05
123 Feb '02
Virginia Mid ser C 68.. .1910 M-S 11142
110 Dee '04
Series D 4-58
1921 M-S 110
114 Jan '05
Series E 5s
192G M-S II2I4
II6I4
1-2
116 1161a Feb'05
General 5s
1936 M-N
1936 M-N
11042 May'04
Guar stamped
9342
93 Dec '03
"W O cfe
1st cy gu 4s. .1924 F-A
1161* 1161*.
West C 1st con g 68. .1914 J-J 11610
S cfe N Ala See L cfe K
117 J'ly '00
Spok Flails <fe Nor 1st g 6s. 1939 J-J 130
9734
100 Nov'04
Stat Isl Ry 1st gu g 4ia8..1943 J-D
Syra Bing cfe JN' Y' See D L <fe
112 la Mar'05
'perAot St List g4ia8.. 1939 A-O 10934
i- l8t con gold 5s
1894-1944 F-A 121
121 Mai'O.'.
100
1-2 Mar'05
Gen refund s 1 g 4s
1953 J-J
100=e
112isJ'ly'04
St L
Bge Ter gu g 5s. 1930 A-O ii'ji-j
Tex cfe jST O See So Pac Co
2000 J-I) 122i2Sale 122
Tex cfe Pac 1st gold 5s
12212
961-.
2dgoldinc5s
92OOO Mar
96
96
IHI4
IO9I2
La Div B List K 5s
1931 J-J
Aug'04
106 '-2 Nov'04
Min cfe JSr
1st gu 58 '30 P-A
11514 .Mur'U5
Tol cfe O C 1st g 5s
1935 J-J 115 '4
Western Div 1st g 5s... 1935 A-O 113
111 May'Ol
10bl4lll
General gold 58
1935 J-D
107 Sep '04
97-^4
98
Kan cfe
Ist gu g 4s
1990 A-O
96 42
98
93 4i Sale
93 12
16
Tol P cfe
1st gokl 4s.... 1917 J-J
95
90 42 91
VOI4 Feb'05
Tol St L cfe Wpr lien g 3 las. 1925 J-J
.-6I2 80
86 42 Sale
50-year gold 4s
1950 A-O
86
97 4j 9d
9734 Mar'Oo
Tor Ham cfe Butt Ist g 48./i,1940 J-D
112
la
"i
42
1928
J-D
11
1121.^
LIlstercfeDellstcongos
2
2d gold4H
CoU tr g 4'a8
1905
Gold 48 (Cent Pac coll).fcl949
1st guar 5s red
In 7
101
lOlia
105(8
Va
Dec '01
1051a
Sod Bay & So Ist g 58
1924 J.J
So Car <fe Ga See Southern
80 Pac Co— KR l8t ref 48.1955
<fe
cl910 J-J
1st guar g Os
1905 A-O
S Pot Cal 1st g 6s
1905 A-O
1st g 6s series B
1st g 6s series C<fe D...1906 A-O
Ist g 68 series E<fe F...1912 A-O
1912 A-O
1st gold 6s
1937 M-N
Ist con guar g 5s
1905-.. 1937 M-N
Stamped
S Pac of Mex Ist g 68.. 1911 J-J
1905 F-A
Tex &
O l8t 78
1912 M-S
Sabine Div l.stg6s
1943
Con gold 5s
1994
con
5s
Ist
Southern—
g
SoPol Argui.-itg6s...cl909 J-J
951a
cfe North
See Un Pacific
Utica cfe Black R See N Y Cent
-See Mo P
\; er Val Ind <fe
<fe
Mex
100 42
102
1
'
<fc
Gila
.1
1291a Nov'04
122 Dcc'04
106 Sep '04
113 Jan '01
102 Nov'04
91
914
JJic;>l
Utah
Ga & Ala Ry Isl con Ss ol945
Qa Car Ho Istgug 58 1929
Scab* RoalstSs
1926
Sher Shr
So See M K <& T
Sil Sp oca & G See Atl Coast L
N
J
1938 AC
Guaranteed gold 5s
Ore & Cal 1st guar g 58.1927 J-J
g4s.l943
St
gu
J-J
S A & A Pass
Registered
M
<fc
6s.. ..1907
127
129 la
121
103 14
Loiv
llO'gllli*
N
K C Ft S M con g 6s. .192b
K C Et S M By ref g 4s 1936
KCJiMR&Blstgu 53.1929
A
JVo
W
M
P
St L <fe Iron Mount See
See Wabash
St L, K C <fe
St Li
Br See T BR A ol St L
St li <Sj S Fran 2d g 6s CI B 1906
1900
2d gold 6s Class C
1931
General gold 6s
1931
General gold 5s
St liJa S F RR cons g 48. .'90
Southw Div 1st g 5s. .1947
1951
BetuniUng g 48
5-year gold notes 4'i2..1908
N
Hiah
na
10334 May'04
108
1920 J-J
gu g
124
N
By
Bonie Wat <fc Og See N Y Cent
1941
Butlaud 1st con g 41-28
Rut-Canad 1st gu g48...1949
H
See Pere Marq
&
TU8
Sag
tJo&Qv Isl 1st g 48. ..1947
St Law <fe Adiron Ist g 53.1990
1990
2a gold 6s
St Jj & Cairo See Mob & Ohio
M
Ist gold 68
Ist
123181231s
WI-N
& T 1st 78.1918 AO
Morgan's La
No of Cal
116i,>]17i-j 117i-jOct'04
hi
&
10814 i08i4'
120 Oct '01
112i2Dec'02
100
Boch
14
Waco & N W div 1st g 6s '30
II9I4 Apr'04
137 l^ov'97
.
.
Jersey Cent coll g 4s. ..1951
Rensselaer & Sar See D & H
See Soutli
Low
110i2Sep'04
....
....
llS'^e
Rich cfe Meek See Southern
Bio Gr West See Den & Bio Gr
Rio Gr June 1st gug58...1939
1940
Bio gr So 1st gold 4s
1940
G uaranteed
Since
January 1
loo
110
Sale
& Dan
Hid
Ask
Hiak Ao Low JJigh Southern Pac Co ( Continued j
H & TCl8tg58intgu..l937 J-J *llli2ll2
Jan '05
Consol K 6s int guar. ..1912 A-O
110 110
Gen gold 48 int guar.. 1921 A-O 99 Sale
Range or
Last Sale
ICib's....
'8
Kicli
Range
Week's
1
IOSI4
102
Registere(T
March
Oct '04
1997
1997
Reading Co gen g 4s
^a.
108
121
111
& West See B & O
Y & Ash 1st con 58.1927
1
lloi^llli-i 110
110 Hi
11778
126
Pine Creek veg guar 6s. ..1932
Pitts Cin & St Li See Penn Co
Pitts Cleve & Tol See B <fc O
See Penn Co
<fe Cli
Pitts Ft
192'2
Pitts June l8tgold6s
Pitts & L Erie 2(1 g os...al92b
Cen
Y
Y
See
N
McKees
&
Pitts
Pitts Sh <fc L, E 1st g 5s. ..1940
1943
1st consol gold 53
Price
t'ritiay
113 Dec '04
9934 "13
99
1271a Peb'O-.;
1
W See Penn BE
Pbila & Beading cons 78.1911
BONUS
STOCK EXCHANGE
Week Ending March 17
N. Y.
lllia Mar'05
123
113
thU B &
109i)
Nov'97
123121241.2 123 18 Jan '05
1(1(1
106'^ 101 J'lv'04
10634
109 Apr '02
W
4
102
110
109
W
January
Last Sale
Ask Low
10314....
gu j? 4s. ..1942
Cl<fc Mar Isl gu g 4 '28.. 19:55
1st gu 48 g.'3G
Bge
&
R
R
DB
GrRife lexlst gug4'2sl941
Ist g 43.-1943
PlulaBal &
Sun >£; l«wia 1st g 4s. ..1936
geo 48.1944
Can
BR
&
UNJ
Pitts
Pitts
frice
Friday
March 17
Bui
(Continued)
Alleg Val
—Concluded—Page
50-yr 1st gen 48.1949 J-J
94 14
'i^f
34
901a 941^
lUla>C'Kl.iLANEOLFS IJONDs*—Concluded.
ninnulactui-ing
Industrial
Con Tobacco registered 481951
Distil Sec Cor con V Ist g 58. '27
Distill of Amer coll tr g 58.191
111 Steel Co deb 5s
1910
Non-conv debeu 58
!Il913
Int Paper Co Ist con g 68.191b
Int St Pump lo-yr conv. 68 '13
Knicker Ice (Chic) Ist g58.'2b
Lackaw Steel 1st g 58
1923
Nat Starch Mfg Co l8tg 68 1920
Nat Starch Co s I deb 68..1925
Stan Rope cfe T Ist g 68...1946
Income gold 58
1946
V 8 Leath Co 8 tdeb g68..1913
U S Realty 1 conv deb g 5s '24
U S Steel CorplO-60 yr5s.d'63
cfe
Registered
Va-Car Chtm
Miscelluneous
iSc
April 1963
g..l9l2
col ir 58
F.A
A-O
81
J-J
J-J
le
Sale
97»6
A-O
F-A
99
99
92
10834 109
104 42 Sale
J-J
A-O
A O
M-N
8554 Dec'04
79^8
821. 726
109
104
104
F-A
3 la Sale
M-N
'
314
Illiall2i8 112
103
lol
M-N 9434
M-N
A-O 101
•iioprice Friday; latest bid and asked.
.Sale
9434
95
Sale
101
aDueJaa
108
82 14
10934
10234 104
42
99
98 Feb'05
lOO^eio?' 106',8 106%
89
921^ Feb '05
65
67
65 Mar'05
47 Sale
46
49
J-J
J.J
Sep '03
Jan '99
Feb '04
Mar'05
79
98
42
98
14 10434 108
93
91
70
65
27 42 4j 49^6
II4
5 42
334 246
11142 112
Mar'05
103 4j 137 93 1031-2
951-.
9542 3107 92
95 »g 14 92 14 95 "b
101 12 13 101 10142
i>DaeFe)B
c
Adams Ex col tr g48
1948 M-S 103 •« Sale
Am Dk Imp 58 iS'eeCentNJ
103
1920
B'kl'u Ferry Co Ist cons g 5s '48
Chic J C cfe St Yard col g 5s. 1915
DetMcfeMldgr incomes.. 1911
10034 J'no'02
]03i«
IO5I4
59 103
cfe
Am SS Co of WVag58
.M-N
F-A
J-J
A-O
Hoboken L cfe I gold 5s. ..1910 M-N
Mad Sq Garden 1st g 5s. .1919 M-N
Man Bch H L gen g 48.. 1940 -M-N
66
Sale
96
Sale
cfe D D 5s (U990 J-J
50-yr 1st g 4s.. 1951
Provident Loan 800 4428.1921 M-S
N Y Dock
Ship
FA
95
101
98
StJo8ephStkY(lslst442S.1930
St L Ter Cupples Stat'n c& Prop
Co 1st g 4 428 5-20 year.. 1917
S Y''uba Wat Co con g 68.. 1923
Sp Val War Works 1st 6s. 1906
U S Red cfe Ki-f 1st stg 68.1931
Due Mar d Due Apr ADueJ'ly
fc
Due Aug
J-J
77
100
56
77"
77
Feb '02
50
cfe
Newp Ne
574 Mar'Oo
10734 Nov'04
"7 '7"
4j
96
Mai'05
20
94
98
4)
96i»
100
1034.
J-D
J-J
M-S
9542
91 Sale
112 J'ly'04
11342J'ly'00
9038
92 239
Due Oct p Due Nov
a Dae
b33g
92
Dec iOptionsale
OHIOAaO STOCK EXOHANGE-Stock
"Record-Daily, Weekly and Yearly
STOCKS—HIGHEST AND LOWEST SALE PRICES
Monday
March 13
Saturday
March 11
»
Tuesday
March 74
'!;'.!" i99"'
ibe
Friday
Wednesday
March 15
Thursday
March 16
*i87'.l!Iir.!
Last Sale i7\
Last Sale li)i)
•
"207f.
l>f
•
iO
'
54'" 'l4'4
13
•
*2'i
*65
•65"
67
95
•
24I2 24H,
'231^
65 Sj
"e'f"
•
95
'
24
•
13
50
•
50
351..
•
2Si2 29
«9^^
100
•28
100
60
95
'00
*""""96i4
28'2
IOC
60
29'f,
100
'
l->^
12 14
•12
100
lOo
100
Bo
64"
100
100
100
100
100
pret
Chicaso Subway
Clue Union Tiact
13
Mar'05
Bo pret
Mar'05 Kans City Ky
&
*60
Range
Tear
lor L^evious
Year (1904 J
Lowest
W
Highest
Lowest
Highest
37^6 Jan
37 "g Jan
i80"jan"5 i99"Feb"i 155
"3110
290
450
"614 Jail 26
20 JIar 7
531-2
9
Marlt
Jan 3
Jan 10
Jan 9
82i2Jan 4
20 Jan 18
59 Jan 10
82 Jan 20
23 Jan 9
6134Mar 9
92 Jan 30
2S Feb 24
1-2
"ioo
325
7t)
15
120
"360
222
230
15'/
'-2
'-2
Mar 190
Aug
Jan 6
Jan 31
5612 Feb 20
13 's Feb 3
51 Feb 2
3s Feb 21
85 Feb 3
24^8 Marl?
"6"Sep "S 'Nov
23 Sep 27 Nov
66
99
Aliullt
Feb 2
241-2 Jan 111
66 Jan 5
99 Mario
T->4
24
45
30
Lt ..100
85
Bo pret
100
24 H. Metropol
S Elev..lOO
He"..
Bo piet
100
SSI-.. North Cliic Street
100
24 Xorthwestern Kiev.. 100
24
24
Mar'O:)
6i34
Bo
LastSale
pret
100
97 South Side Elev
P7
100
*28i2
Streets WStable C L 100
IOOI4IOII4 IOH4, 102
Do pret
100
60
60
60
60
West Chic Street
100
"23i4'23ii!
100
"54"
.tor
1905
fihares
'04
-84
2419
*65
SsHj
*23i3
65 'f
"96'i"9'7'''^
''8^4
24
531.;
LastSalt H5H
85
24
•
21
20'-2
531.2
Mange
Week
EXCHAXGE
Knili-onds
Ohic & Alton
Feb'Uu Gaic City Ky
Oliic Consol Trac
Jiiio Pass Kv
Chic & Oak i>ark
Jan
Last Sal' 50
35I0
84^8
'24"
"96'""96"'
28-'4
9V)34
207s'2i''.2
Sales
or the
March 17
6"^""6'^
20^8
STOCKS
CHICAGO STOCK
29i4Jau
Feb 3 lo2
5812 Jan 5 72
Nov
Nov
15
May 45
28
Dec
31
Bee
Nov
41
Not 8.1
Mai 26
Mai 68
05
51 ar
15
Jan
44
90
2S
Apr
'-2
,80 14
15
Sep
Oct
Sep
88
2034 Nov
6710 Nov
Mar 98i2Nor
Jan 34
^2i2Apr 103
4
Marl?
Feb 3
97
Feb
4
271-2
56i2Sep
Apr
38
Oct
J'ne
Sliscellaneoiis
Allis-Chalniers
100
Do pret
100
Tiii'irv
11'-=
ii'4
671-2
•77
•7712
67 >2 6734
•77'g
Hi
"io" "56"
•
110
*105
•105
40
110
40
110
•
-105
4934
142
142
105
137 H,
50
U2
I'.'oi^
13712 137-.
11^4
/i-'S"'
LastSale do
'.'".'.'.
LastSale 10
•34
*G>2
142
10.">^4
137
137',
1
LastSale
7
49
105 10?
13 7 14 137"-^
11
11
11^4
52
l:^
•67'u
69
45
45
*67i4
•43='4
"lii^'lSTf
72
::::::
»
"liwl'li"'
LastSale
LastSale
—
'59i4""59H
117
*i2"
-69
70
119
45
*59i4
'51)^4
119
45
11!17^
LastSale
"60"""62"'
120
•<43i2
45
114^4 114>4 *114
45
Ilil4
•
Last Sale
Last Sale
Iiy7gi20
120
45
61
iO
1.
Last Sale loa
...
i-j
i'lO'iili""
51
90
90
90
"2
11^%
•'.'.'.'.'.."'SS'
i
10
"i
ii6"i'm
116^4
il0i4il6'i
51
iio'i^
*5o
*88
90
..„„......
2"
12
117*.
*2"2""25"
*i;""'25
12
12^.
12",
"'.'.'.'.'.'."ii"
CMcago Bond Eecord
BONDS
CHICAGO STOCK EXCH'GE
Week Ending Maech 17
Price
Week's
Range or
Chic lioarc! of Trade 4.s ...1927
ChiC Consol Br & Mlt 68
Chic •on.solTrac4i28
1939
Chic Edison debent 6S....1913
-J
-
J
-B
.
IUOI4
•
103
.
High
1031.1
103
103
J -J
J-D
65
Range
No. Loiv
High Bankers National
Feb '05
Jan '05
I.ake str»;et fc:i Ist 58
1928
Metr
Side El Ist 48....19S8
Extension p 48
1938
Nor.h Ohic .St Ist 5s
lOOti
J St 58
1909
Kefiindintr g t^n
1931
No Chic City StKy 41-^8. 19'J7
K^orth West'n Ellst 48... 191 1
Ogden Gas 58
1945
Pear.soiis-Taft 58
1916
W
4-4118
BBB
4-40S Series
4-i;08 Series
4-808 Series
1920
J-J
J-J
J-J
A-O
M-N
M-S
M-N
J
-B
.M-S
M-N'
I8t6s.l943 A-(J
Refunding g 5s
1947
ChicGasLtcfeC Ist 58. .1937
COUSUIIUT8' Gas Ist 5.h.. I9;itj
fit Louis Brew'gAss'u 6s. lull
South Side Elev 4 \a
19.M
Swift <fe Co 1st g 58
1914
Union £l(Loop) 58
1945
Union Pacific conv 4s
191 1
U S Browing 5s
1910
United Breweries lis
1928
U S Steel Corp 2d 58
cl963
"Wear Chic st ist 58
Tunnel lst5s
F-A
F-A
M-N
C
E
F
jpeople's Gas L & C
J-J
97
t97i2 97 12
95 12 Sale
t89i2 90
99 12 Sale
98'2i»ale
95
t95
9434 .Sale
82
66 "2
103 If 103 12
1041210434
94
4:94
100
99 '4
9914
t99
Hi
99I4
991-2
00 '2
124
1,40'/
5,-584
99 '4
Bue April.
71
123:'i
101,
^oy
1'4N0V
Feb
8
173 12
Bt)
Nov
Nov
147'->Nov
10s Oct
1421-2
Nov
12i2Dec
76i-'Dec
Aug 51
Apr
.Ian
0ct
J'ly
10 's Bee
339
20^4
Nov 19
Sep
Nov
Jan
Feb
25i2Beo
Cliicago.
Savings ..
Union .Siock Vds .state
U S Bank & Trust Co
9ia''2io6"
991-2
Bank ot
Vard.-j
Dividend Record
In
1904
Period
Last Paid
0,n
q.J Jan
'05,
J-J Jan
Q-J Jan
'05, 4
'05, 3
2
2:i,045
138,110s
1,393,4.)(
60,575
1,732,020
1,056,730
4, 031
3,424,108
13,900
258,8.0
6,042,023
102,105
610,276
182,105
13
15
8-f5
12+3
Q-J Jan" '65,"3'
Jan '05, 2
Jan '05, 3
Q-J Jan '05, 3
6
Q-J Jan '05, IV
8
Q-J Jan '05, 2
8
12
Q-J Jan '05, 3
1112
10
6+4 J-J Jan '05, 3
Priv ate Ba nk
6
6
Q-J Jan '05, li^i
'12'
12
8
6
12
6
8
6
12
n
13x,80-.i
1,025,612
"s"
'8
127,169
14,119
237,314
916,164
1,267,686
10
10
'6
"6
6
15
6
5, -2 5:-.
48,513
3,169
53,526
67.299
257,808
28,845
573,124
85,724
5,734
1,000,000
"6
J-J .Tan"'05,"4""
J-J Jan '05, 5
j"-"j
'05,
Jan
Jan
J-J Jan
'05, 3
'05, 3
'05, 3
g-j Jan
'05,
'05,
'05,
'05,
n
12+3
6
6
New Bank
"8
.Tan "'65,"3"
Q-J Jan
Yl38
Q-J Jan
Jan
Q-J Jan
8
1>»
2
2
1
l^a
New Bank
Proje cted
1
nsti tution
1-2
io{"sale" 10 i"
J-J
1023, 10
f
A-O 100 12 107
M-N
M-S
10^34
lOO'ft
114
»1
Amer Trust
1051210708
107'.i
106 12
lOS^M
107 '-2
102 \\)i'-'i,
102 12 103 If
i04''4
M-N
J'ly '04
1
70
90
88
95
100
98-'.i
Kenwood
3
94
250,1)00
Savings
200,000
3,000,000
Sav
750. ODD
1,000,000
iilciiiatioiial 'J'rust
Jack-on Tiusi
9K34
Co
Sav..
Federal Trust & Sav..
I''i]st Trust ct Savings
niiiuiis Tru.st .t Sav..
105i'.,106v
h8"Kov'04
98
90
Co
500,000
2,000,000
1,000,000
4,000,000
200,000
K,(iuil.able'rrus!
-''i
102
Feb'Oo
Nov'04
ife
(
F-.\
July.
Aug
Jan
34 J'ly
10
14
350,000
857, '50
statu
99 12
99
100i2Bcc'04
123 Sep '04
J-J
J-J
Due
4
"23"Febl5 "24" Feb 15
1-2
2011,000
Pullman Loan & sav..
South Chicaso Savings
100
.M ercliiin
M
Moy'04
Fcb'oj
88 \
'-2
(
c
Feb
02
25i4Mar 4i)i2 Bee
95 Jan 120 Sep
98^8 Feb 110 14 Nov
7
12
43,'i4>
9612
||
Due June,
134
Marl4
l'r<fc
Loau
clniiii'litan
ife
& Tr Co
'I'r
<t
5
6
7
4
6
6
8
8
527,881
0,027,534
16
Proje ctod
11
J-J Jan
Q-J Jan
Q-J Jan
Q-J Jan
M-S Sep
Q-J Jan
4
12+4
I iistitu
51,899
3,271 iiogaii Jan
3,.585.432
12
12
2'28,397
6
6
1,097.022
8
8
4.;7,oss
6
6
513,7"6
158,33
80 " '96'
Debent Oh
AOrlliciii 1 rust Co Bk
8S
500,000
Consol g 58
8:i>-2 Sale
18 88 '8 90=8 I'.iiyal 'I'rusl Co
West Biv City Ry 4
biiuiii TruHl Co
1,000,000
Mai '05
95
93 97
West'ni Stone Co .5-20 58. 190.) A-O
Western Trust <S- Sav. 1,000,000
Jan '04
Note.— Accrued interest mu.-s t be added to all Chicago bo mi price 8.
J Capital ami surplus to \w iiicreaseil.
Also palil 12 > "0 in Dao., 1903, 111 stoolc ot H'lrst Trust tte S:vviii'.;s Baulc,
declared Aug. 10, l'.n)4.
* J'.id and asked prices; no sales were made on this \\!
t No price Friday; latest prioe
6
2% Jan
l'2Feb2i»
10 Jan 3
200,000
88
.1
96
70
Nov
110
20 Nov 25 Sep
36 Jan 5812 Deo
99i2Jan IKJiaNov
7i4
1
94
10712 108-4 1071-2 Feb '05
IO8I4 Mar'u5
J-J 108
-D tl07 1071-.^ 107*4 -\lui'05
928 M-N
190;' F-A
19'.4 J-D
1936 M-N
i28..193'i J-J
-May
1-2
1,102,238
99,^02
Prairie State...
16 1067sl08l4
lOOOglOO's
97 12 971-j
97 12 98
95 12 901-2
90 12
8ii
95 100
94
99 14
M-S
1
19 J*
40
ili" Jan"6 "99'gApY ill] Nov
Jan 25 55 Feb2(' 3534 J'ne 47i2Jan
4 91 12 Feb 23 75 J'ne 87 Nov
4,000,00(^
95'.,
80
68
Slock
9912
1-.
94 14 Oct
bO^Jan
Central Trust Co of III
oloiiial Trust cfc Sav..
Bri)vers Trust cfc Sav..
95
9312
17
9934
1
46
G
94
94-,
97 12
97 S;
95 I2
96
90 Mar'05
99 12 100
98 '4
94
25
l,353,i'77
(
Corn Exchange Nat...
95
10818
Feb '05
971.2 Jan '05
ij
12:.
2,000,000
Saving.s
Commercial Nalional..
Continental National..
ook Co State .Siiving.s
Brexel State
Brovers Dep National
First National
First Nat Kuirlowood..
Foreman Bros U'k'g Co
Fort Dearborn Nat
Hamilton National
Hibernian B'k'g Ass'n
Home Savings
Mauufactiuer.s Bank..
.Milwaukee Ave Sr;ite.
Nai Bank of fiepubUc.
National Live Stock...
Nortli Side State .S-av..
Oakland National
Peoples Trust & Sav ..
Prairie National
liiO-ft
95
94
'4
40'->Dec
"'791 i06""FelJ2u'
Saves..
Chicago City
Chicago National
Apr '04
65
107'8
42
"45"'^Jan"l7'
iil, 075,258
103" 10314 Chicago
.
1077s Sale
101
'"16 '45" Jan 16
Deo
79i2Dec
123 Sep
64
ioi^Dec "12" Oct'
50 Jan 52 Feb
17 J'ne 20 Jan
7 1^ Nov
9 Dec
"906 "li"Feb"o "l6"MarY7'
63 Fob 15 63 Feb 15
2,000,000
100,000
200,000
11,000,000
500,000
2,000,000
3,000,000
50,000
3,000,000
200,000
600,000
8,000,000
100,000
500,000
500,000
500,000
1,000,000
100,000
200,000
250,000
2,000,000
1,000,000
50,000
50,000
200,000
250,000
250,000
200,000
200,000
1,000,000
250,000
200,000
1,000,000
Calumet National
100 luO
99I2IOOI4
'I
Commonwealth Elect 58.bl94:i M-S
Kans City Ky<fe Bt Co 58.1913 (Vi-N
Knickerbck'jr Ice l8t5s.l9J8 A-O
1;
OutstandSurplus & Jn
ing
Profits
Stock
1903
NAME
Since
January 1
100 .Tan '05
100 14 Feb'Oo
Mar'05
J-J tl04
lO.i'H Jan '5
104i4l04'ie 104 Oj Mar'05
l.st gohl 58
ft,192(i A-O
Chic Auditorium 1st 58. ..1929 F-A
98 Feb '04
100i«
Chic Bock Co lst48
1929 A-O
10034 Nov'04
Clue EnuiiGas 68
1905 J-J 100
Chic&MilBlecKy 5S....1919 J-J
7912
Chic Piieum Tool 1st 5s .al921 J-J
79 '8 Sale
80
Chic Kock I & Pac KR 48.2002 M-N
79 Nov'04
Collat Trust p 58
80 A)ir'()4
1913 -M-S
I
I2
Last Sale
A sic Low
106
"3i-Ij"an "rii^Deo"
Chicago Banks and Trust Oomnanies
Friday
March 17
Bid
Amer Biscuit 6s
1910 F-A
Amer Strawboard I8t6.s..l911 J(St
L)
58.
1912
J
Ca-ss Ave & F G
Feb 2:^
1258
60 Jan 25 69 Feb 23 31^4 Jan
76 Jan 24 79 Marllj 40 :nar
125 Feb21 129 Feb H II514 Jan
"628 08 Janli' 50 Mar )- 19 J'ue
98 Is Jan 17 lOO^sMar 4 82 Aug
183 Mar
"40" Jan "4 33 No\
'3S 'jan 4
""25 105
Marl 7 105 Marl 7 10034 Mai
56 Jan 11 61 Feb 25 52 Feb
""50 14812
Feb 23 149 Feb 23 120 J'ly
10 Jan 5 10 Jan 5 10 Oct
1 Jan 18
Jan 18
1 Jan
1
7 Jan 20
7 Jan 20
7
Feb
"225 153 Jan 25 172 Feb 20 140 May
2,795 32 Jan 7 52^2 Mar 16 18 J'ly
150 140 Jan 25 143ii2Febl7 115 Mar
38 103 Sj Feb 14 105^4 Mar 6 86 hob
800 134 4. Feb 1 140 Fel2! 12i>i2Feb
3 12 -M ai
102 10 Jan 4 lli2Jault;
65 Jan 9 71 12 Jan 16 3812 Mar
100
St Louis Nat St'k Yds ....
100
iiT)34 >WLlt<fcCO
The Quaker Oats Co. 100
55
Bo pref
100
90
Un.Stock Yds(SoOm)100
LastSale l6\" Dec"04 Union Bas & P Co ... 100
Do pref
100
...„^...„..
"'1^4
"2" Unit'd
Box Bd & P ColOO
111-2
ll-u 12
Do pref
100
ll'^f.
LastSale 10
K'ov'04 Weaver Coal & Coke
LastSale 23
100
Mar'05 Western Stone
"'1^8 "'i^p
"9i^Feb"9
Do
Pullman Co
iio'^iiiu
i",360
2,248
10
2 Jan 30
2 Jan 30
pref
100 lo",827 54 Jan 25 "62»8Marl7
62-'t, National Biscuit
100
91., 114i2Jan 5 1201-2 Mario
120
Do pret
100
45
National Carbon
185 41 Jan 25 47 Feb 28
II4I4
pref
100
Do
50 110 Jan 5 115 Jan 31
Jan 05 People's Gas L&C'kelOO
106 Jan 11 106 Jan 11
•44
1141411414 *113
IIII4
.
Nov'04
•
62 14
119
62^2
120
<4
120
>,
& Clue Canal & DlOO
'.J
167 Chic Edison
100
52 14 (Jhic Pneumatic Tool. 100
Chic Telephone
100
105 14 Chic Title & Trust... 100
138 Diamond Match
100
*1034
11 14 Illinois Brick Recpts
Mar'05
as
Do pretKecpts
Kans City Stock Yds. 100
"15" "16" Knickerbocker
Ice. . . 100
Feb'uo
65
100
Do pref
17
J'ne'04 London & Chic Contr
.9
Dec '04 Manufacturers' Fuel
Masonic Temple
2"";" Jan'ds MU
& Chic Brew's
4;
Last Sale
*12
'^al
100
pret
entral Trn st Bank . 100
Feb'Oo Oliicago Auditorium
Jan '05 Chic Brew'i! <fe Malt'g
Jan '05
Do pret
148
167
50
*140
i05 i05i4 105 14
137^8 138 '4 13812
167
-14-i
IOJI4
Last Hale
Do
105
Feb '05
148112
167
100
100
100
100
100
100
Amer Kailiator
Mar'05
Do pret
Amer ShipbWg
Do pref
105
62
-10"
"\\\ American Can
67-\
Do pret
6718
Last Sa li 198'" May'04 AmerTtfc S Bank.. ..100
Last Sale 40
Jan '05 Booth (A) & Co
100
40
110
•105
*58
•16ii
1697f
41112 50\
l'>7
'14(»
105'-^105>v
»137
128
*6l2
'G'-i
167
LastSale
48
49%
77'-,
*»4
'h
170
"n'4
67 H.
*
*
•16".""!!
*10
170
67
'
*5S
*»4
"io-'l'ii"
66 '4 67 >4
79
79
ii''^'iiv "li" "liv
67^
3,
'05,
'05,
'05,
'05,
'01,
'05,
1
W
II2
4
1
Q-J Jan''6'5,"3"*
tioii
i90
n
Jan
Jan
Jan
F-A Vug
•05,
'05,
.05,
'04,
Q-J Jan
'05, II9
<.,i-j
Includes special divKloiul ot
a Due Deo. 31.
this wook.
4
30%
Mar.
g{
THE CHRONICLE.
18, 1905.)
Volume
Business at Stock Exchanges
of
NEW YORK
TBANSACTIONS AT THE
STOCK EXCHANGE
DAILY. WEEKLY AND YEAKLY
Stocks
Week ending
March 17
891,426
1,625,488
1,382,525
1,089,157
1,469,325
1,136,022
Saturday
Monday
Tuesday
.......
Wednesday
Tlmrsday
Friday
.... ......
Bales at
New York Stock
Bonds
128,78tt,000
103,914,700
137,774,200
100,692,200
Bonds
$3,000
January
No Hudson L
279,500
is
110
$3,000
II
1904
1905
o. shares
BONDS
Govern TTi ent bonds
$3,000
2,641,000
18,585,900
State bonds
BR. and mis. bonds
$21,229,900
Total bonds
$247,200
7,000
$11,834,000
*62,550
38,027,800
271,003,200
140,3-j2,000
$ll,857,.0OO
f30^t,O93,550
$140,817,200
$16,500
188,000
DAILY TRANSACTIONS AT THE BOSTON AXD THILADELPHXA
iiXCK.A.NGES
55.349
104.439
15,38a
33,537
Tuesday
7'J,4-'8
Wednesday .
53,343
44,494
38.916
21,:;09
•J3,227
Monday
Thursday
Friday
Listed
sales
shares
$38,500
104,500
35,000
24,297
26,258
Bond
Unlisted
shares
.^•l.-^OO
23,964
32.633
50,5^6
52,249
132,500
54,000
48.7.50
2.S,990
sales
$11,900
198,500
56,200
103,300
92,300
74.700
11,718
14,115
8,789
16.083
9,740
15.672
$536,900
76,117
237,142
$416,000
144,016
375,969
Total
Kond
94
91
So Amer. 100 119 122
115
Commer Un Tel (N Y).25
85
Emp & Bay State Tel 100 80
47
100
Franklin
100 122 i"2"6'
IIGoldifc Stock
1]4'2S, 1905
99 102
Hudson River Teleph 100
UN Y<fcN J Teleph. ..100 172 174^;
58 1920 See Stock Ex Chang e list
128
125
11 North western Teleg. 60
85
80
Pacific & Atlantic
25
106
102
Atlantic
Southern
&
25
H
UmtedElectrioof
4s 1949
B& NY 1st 6s
<fc
&
23d Sts Ferry 100
mort 5s 1919...J-D
U Union Ferry stock .100
M-N
lilst 5s 1920
1st
Weekly Review o* Outside Market will be found on a preceding page.
Bid
Ask
32
95
243
104
34
NEW
yOKlC CITY
BleeckSt& Ful F stk 100
Ave
sik
..J-J
. .
100
98
248
107
112dmort 5s 1914 ...J-J
Con OS 1943 See stock Exch list
B'waySurllslosgu 1924 no8 110
2d 5s int as rental 1905 i 9912 101
360
flOeut'l Crosst'u stk..lOO 34U
UlstM 6s 1922 ...M-N iin 121
stk.lOO
206
212
K
K
HCeu PkN <fe
185
llChr't'rdc loth St stk 100 177
Colifc 9lh Ave 5s See Stock Exch Ust
Dry D K B
& 3—
112
100
U Kiglith Aveuuest...lOO
F-A
llScrip 6s 1914
Or St F'y stk.. 100
^ 42(1
390
M
<fe St N AV..100
42d St
^Islmort 68 1910 .M-t
lucome 6s 1915 J-J
luterborough Rap Tr. 100
112(1
& Pav F os
Lex Av
SeeH\
Melropol Secui'ities See
Metropol Street Ky See
NiuUi Avenue stock. 100
Second Avenue stocklOO
IJlst uiort 58 1909 M-N
F-A
Consul 53 1948
UStxth Avenue stock 100
Sou BoulBV 68 1945. .J-J
So Fer 1st 5s 1919. ..A-O
Third Avenue See Stock
Tarry
P <fc 58 192.S
W
M
YkersSlKH 5s 1946A-0
29th Sts 1st 5s '96
HTweuiy-Th'd St stk 100
J-J
Deb 5s 1906
Umou Hy Istos 1942 F-A
'43
J-J
Westchest Ist Ss
28tli ds
BKOOKLYN
Ave
Atian
58 1909. .A-O
115
102
405
103
405
50
--i
ist 5s
N
J...IOO
1933
98^4
98^4
28
81
82
82
110 Si
"-.i
J-1)
New'k Pas Ry 5s '30J-J
Or & New 1st 6s '05A-O
Essex Pas 6s 1905 M-N
Rapid Tran St Ky..lO0
Ist 5s 1921
A-O
J C Hob&PatersonlOO
M-N
4s g 1949
So J Gas El & Trac 100
Gu g 58 1953
M-S
ai4
Hi
101
IOIS2
24
79 \
106
«123
Rights
Va ifc Southwestern. .100
80
127
104
107
(J
noo
116
ao7
E 58 1933. .A-O 103
B B Js
Brooklyn City stock.. .10 238
Cou OS See Stock lixcli list
Bklu Orosstn OS 1908. J -J 102
Bkn ilgls Istus 1941 A-O 104
Bkiu<jiCo<fc Sub ieeStk Kxcli
Bklyu Rap Tran See Stk Uxch
llCouey Is. & Bklyn ..100 340
Isl cons s 48 1948.. J -J
99
BrkCifc N o8 1939.J-J 113
Gr StifcN ew 1st 5s '06 F-A 100
Gr'pl cteLiorimer St 1st Of 102
""9'7'"
7934
30 '4
80
Exch Ust
Exch Ust
34-'4
9 3 "8
35
89^6
90
63
60
89
105
N Y
Ust
Ust
350
100
115
Klevateil
IsL 4s 1949 See Stock Excli
Nassau Elec prel
100
75
5s 1944
A-O 110
1st 4s lyol
isee SI k Exc
Wb'g&Flat I8lex4i2.s 101
Bteiuway Isi 68 1922.J-J ni9
East River Gas
1st 5s 1944
J-J
Cousol 5s 1945
J-J
N Y&Richmond Gas.lOO
Nor Un
U13
ai3
110
h Ust
Ust
dlO
U5
109
35
Hi
107
150
170
com
N
OTHER CITIES
Buttalo Street Ry—
Ist cousol 5s 1931. .F-A
Deb Os 1917
A.O
Chicai;<> Oily Uy sik.lotj
Columbus (O) St Ky..lOO
loo
Ky con os
See PI
Crossl'wii lsto8'33.J-L)
Grauu Uapids Ky
Prelerred
Lake
Ist ON l;f28
i
lot'
100
St (Chic) El stk. 100
Buyer
tiays
OTHKE
Ust
130
105
110
..100
100
M-N
list
104
121
Light <fe Tract. 100
Preferred
100
Bay Stale Gas
50
Binirhauitou Gas os 1938
1121.,
88
86
104
t
J
105
•'.
^16
98
96
1-,
1-^
accrued interest.
"-J
i...
Hud.NOU Co Ga.s
1
Price
p.jr
100
share, jsalo price, a
12 Hi
63-\
100
100
Cuban
68 of 1896
100
IJDiamond Match Co. 100 138
Dominion Securities. 100
14
Douglas Copper
73*
7^,
5 t
Electric Boat
39
41
100
Preferred
87
83
100
Electric Lead Reduc'n.50 t
Hi
h.
50
100
100
Electric Velucle
Preferred
Electro-Pneum'icTranlO
Empire Steel
100
3
3
109
92 li
Ex
]0!IS2 110>4
15
Preferred
"26'"
120
175
130
82 Hi
100
i;
80
5 78
104 S. 105 14
1158
"J
Sells or
96 Hi
95
-*•
.
106
"4
1
30
40
3
6
M-N 2102
1910
Houston OU
27
110
162
100
Hudson Realty
Preferred
Mex Nat
82 Hi
29 Hi
69
t
t
Coal. .50
1
50
Preferred
50
Pittsburg Coal
100
Preferred
100
Pope MauufaCtiU'ing.lOO
1st prelerred
100
2d preferred
100
Pratt & Whilu pref.. 100
Realty Assoc tBklyn)100
Royal Bak Powd pref.lOO
Russell & Erwln
25
.Safety Car Heat& LtlOO
Seminole Mining
5
Singer Mtg Co
100
Standard CouplercomlOO
Preferred
100
Standard MiUing Co.lOO
Preferred
100
14
363a
84
30
72
10
52
8
49
103 Hi 104Hj
15Hi
188
320
97
135
Construe. pflOO
R
170
13^4
2
7
35
3534
100
Madison Sq Garden. .100
2d 6s 1919
M-N
H-Manhatt Beach Co.lOO
Manhattan Transit
20
103H»
5->4
..100
1534
195
330
101
140
4914 41
75 Si 76
20
25
70
90
10
14
334
4
7
r
10
t
28^8
\
1
29
I'lrt
100
120
24 Hi
86
25
87
135
42
105
172
45
177
22
61 Hi
\
24
62
Sj
734
7
U4
3 Si
49
I06
t
t
f
103
6c.
80.
27
47
2739
19-\
20
78
7858
4.
Hi
OH;
7H(
150
110
63
61
250
270
"t
t
'8
77
23
100
150
109
t
4Sj
50
74
21
.
2I4
l-'4
lo t
Press Assoc'n.lOO
105
97
4
Am Soda Fouu coin.. 100
2
08
1st preferred
63
loo
14
2d preferred
11
loo
195
.American Surely
60 188
500
Amer Tobacco (old).. 50 250
Preferred
6s
See stock Exch list
Stan'da"r'(i Oil oi 'n J "i'oo
Tobacco (new; Com.. 285 300
Pretd
60
Exch list Storage Power
(S'ee Stock
list
Swift <fc Co See Boston St
4s and 08
<S'ee Stk Exch
42
l.st5s
1910-1914.
...J.J
-Am Typefo'rs com.. .100
H
37 Si
Tennessee Copper
100
Preferred
25
98
100
.\mer Writing Paper. 100
oSi lITexasife Pacific Coal 100
31
1st 6s 1908
Prelerred
A-O
31
100
'4
Os 1919
JJ 87^4 87 H; Title Ins Co of N Y..100
Tonapah
(Nevada).l
Arizona Con Mining.. .50 t31l4 32
Trenton Potteries com 100
4
BaUlomero Mining
t3-v
Preferred new
19^4 22 S;
100
Barney <fc Sin Car ...100
Trow Directory new. .100
Preferred
130
100
1j
34 Hi 35 Si Union Copper
Bcthl'iu Stool Corp... 100
lo
Union TypewT com. .100
89
P «f erred
87
1 00
1st prelerred
103
Cull, tr.g.s.r. OS 1914...
100
2d ji referred
Bliss Company com
loo
oo 140 150
Unit Boxboardifc Pap. loo
Prelerred
50 lao 145
Preferred
Boud& JMtg Guar
100
100 410 420
U. S. Casualty
Borden's Cond Milk.. 100 144
lOo
115
Cotton
Duck
Preferred
U S
loo
loo 112
Envelope
6'(.
S
com...
British ol Copper
U
5 t
100
7^
(Janiilen Land
3 t
1 00
*
H,
H Prelerretl
121
Celluloid Co
100 120
U S Leather new (w 1)100
20
Prelerred new (w 1)100
15
(Jeut Fireworks com. 100
70
Preferred
65
New OS (wi)
100
4'*. U S Steel Corporation
3^4
Central Foundry
100
Prelerred
Col tr sf 58 '51 opt '11 ..
100
21V 22-»4
79
80
Coltrs tos '51 not opt.
Deb 6s 1919 op 'OlM-N
165
(Ji-iitury Realty
160
100
U Slit Gu<fe Indem.lOO
480
Universal Fire Exl'r.lOO
CiiescbroiiL'li .Mtg Co 100 440
108 112Si Universal Tobacco... 100
City Investing Co
loo
11(jial1iu(li Bicom
Preferred
100 101 S, 105
99
Westchester & Bronx
96
list |]reierred
100
Title <S; Mort Guar Co.
liiid pre'erreil
97 S. 1 02
100
78-'4 Wesliiigh Air Brake. .60
Coll) Industrial os
....
White Knob .Mining. 10
Col & Hock Coalite I pi 100
05
80
92
New stock (w i)
Isl g 58 1917
J-J i 85
Wortliini.' Pump pref. 100
Compressed Air Co. ..100
u
8H»
18
36
43
82
79
100
100
1st prelerred
2d preferred
1
Exch
.
M-S 102
Phoenix Mining
Pills burg Brewing
American Elevated
stock
'b
41
Preferred
1 00
1st g 6s June 1 '22. J-D
Hecker-Jones-Jew'l Mill
t
11*!-
/New
60
103 H»
36
34
100
Preferred
50
58
Mont & Boston Consol .5
54
9514 Mosler Sale Co
100
t
100 s. 101 14 Nat Bank of Cuba
100
1|Nat Euam & Stamp 100
Preferred
170 182
100
II
162
National Suretv
161
100
UNew Central Coal
825 9U0
20
37
N Y Biscuit 6s 1911. M-S
34
t
7?
N YMtgeifc Security. 100
74
liNew York Dock
100
llPreterred
99 Si 100 14
100
2412 20
N Y Tiaiisportatiou...20
87
Nor
Am
Luiu'rifcPulplOO
S2
80
llOntario Silver
100
52^ 54
I's Otis Elevator com
100
''e
60
Prelerred
52
100
67 Hi
liO
rights, xi^x div
50
12
Havana Tobacco Co. .100
H»
9
45
\
Havana Commercial. 100
Monongahela
11
,
I4
6
35
Greene Con Cop See Bost Stock
Greene Consol Gold... 10 t 8%
10
HackensackMeadowslOO
Hackensack Water Co
Ret g 4s 52 op 12. ..J J 295
85
HaU Signal Co
100
Preferred
77 S.
67
126
96
Am ce Secunt's (w 100
Debenture 6s
Am MaltiUsOs 1914. J-D
14
24
101
100
1
12
22
t
Preferred
100
IJGeneral Chemical ..100
UPreferred
Gold HUl Copper
IHi
\
Mack IV Companies.. lOo
106
90
123*
63 »8
103
l38Hi
Hoboken Land& ImplOO 200
69
92
103^6 104
I
Brooklyn Union <+as deb
193
6s 1909 conv'07...M-y 191
Butfalo City (ias siocklOU
7
8
1st OS 1947 See Stock Excli list
Cousol Uas of N J
100 "10"
nil 112>-,j 1st OS 1936
J-J
noo
Consumers' L 11 <& Pow —
Ib'u"
5s rj3s
J-D ill'l
101
103 Si IJDelroit City (ias
50
110>-. 112
Elizabeth Gas Lt Co.. loo 250 300
ila l\»\
126
K,->se.\ it Huiisoii Gas 100
125
?U'7
10!)
Fort VViiyiu- o.s iy26..J-.)
50
68
62
61
Gastfc Ki Bergen Co.. 100 "bo"
86'-,
90 14 Graud Rapids Gas
i^2
4
103 S.
lilst 5s 1915
F-A noi
.T-J
34
UCrucible Steel
UPreferred
7H>
1
«4
^•s
650
(j70
20
120
25
UHi
10
37 Hi 39
81
82
620 623
%
1
^
< Exc u'ge
2102^4 108
30
80
90
2105
195
205
t
^
31
110
1H4
U'4
18
20
94
75
91
65
I1
CITIES
Amer
113
li
19
10
30
Mm
115
Ist 5s 1927. M-N 2104
listaudard Gas
11 Preferred
1st 5s 1930
1334
714
Am
104
242
<fc
65
,
American Nickel
9376
15
100
Cons Ry Ltg&Refrig.lOO
Consol Rubber Tire.. 100
Debenture 48
Cons Storage BatterylOo
Cramps' Sh &En BldglOO
luternat'lBankingColOO
Int'n'l Merc Marine.lOO
3^2
4^2
Preferred
100
108
105
Col tr deb 4 Hjl922op'07
84
77
International Salt. ... 100
92
1st g 5sl951
88
no HI International SUver.lOO
111
nio
Prelerred
100
Ist 68 1948
no5 110
J-D
60
40
Lanston Monotype
20
95
Lawyers Mort Insur.lOO
i 91
29
28
Lawyers' Title Ins. ..100
98
95
Lord & Taylor pref ..100
Amer
Kini^.-iCjo.
Coluiii
89
25
77
169
205
Industrial and lUiscel
Alliance Realty
100
ll-^mer Bank Note Co. 50
American (Jan com. ..100
Prelerred
100
American Chicle Co.. 100
Preferred
100
1
30
Cent Union Gas Ist 5s... 'ao8
Con Gas (N Y)stk. See St k Exc
Couv deb Gs ctfs 6'^fStk Exch
^Mutual Gas
100 290
New Amsterdam Gas
1st consul OS 1048.. J -J
00
50
iC
New common (w i)
New 1st pref (w 1)
New 2d pref ^w i)
no8
126
U
Se<tboard Air Line
CoUtr5siy07 op. ..M-S
205
no2
ni2
no9
>Vi
Preferred
115^4
ilOO
JlOO
250
A'ortheiu Pacitio
lou
Wheu released
Nortiiein Securities.. 100
Stubs
Puts Be.-<s
NEW yOEK
ao2
li
W
M-N
St Ry 100
M-N
North J ersey
ConsTracot
note.-<
416
70
104^2 107
80
85
212 213 "2
k Exc list
Stk E X Ust
No Hud (Jo Ry 6s' 14 JStk E X list
185 192
J-J
5s 1928
212
Ext OS 1924
M-N
206
Pat City con 6s '31. J-D
«103
104
2d OS
1914 optA-(J
'ilXb
117
So Side El (Chic) stk. 100
174 178
Syracuse Rup Tr 5s 1940
4102 106
no5 108 United Rys of StL
Kxcli Ust
Com vot ir ctfs
100
100
110
Prelerred
100
Gen 4s 1934
.SeeStk
aoes.«112 iii" UnitRysSanFrau ieeStk
Wash Ry <fc El Co
3yo 400
100
loo 101
Preferred
100
4s 1951
nio 113
J-D
102
106
lOO
11 West ClUcaeoSt
llCon g 68 iy36
M-N
(ias Securities
A-O 113
Con 6s s 1931
Impt OS See stock Exc list
Pretcrreil
loaig
67
.
Coll trust 5s gold
19o9 optional
com .100
UPreferred
66
60
IILoriUard (P) pref ...100
Street Raii^vays
Bid
Ask Atchison couv-48 (wi)...
HLouLsv St58l930..J<feJ ?112Hi 113S2 Uliic Peo & St L pref.lOO
114^4
Lyuutfe Bos 1st 58 '24. J-D
Deposited stock
100
5 Si
New on RysCo
Uudeposited stock
loo
Prelerred
17 S;
Prior lieu g 4 S2S'30McS; S
J-J
4'2S 1952
Coa mtg g 5s 1930. J&J
New commou ( w 1) 1 00 25
lucome 5s 1930
New preferredtTV ij.loo 09 Hi 70 IJPort Worth & Denver
90
95
North Chic Sir stock. 100
City -stamped
100
Pub Serv Corp of N J 100 135 110
MoPacitic new 4s
72'-2
43
72
Tr ctts 2% to 696 perpet
N 1 (Jeuideb '34.M-N
Ist 4s 1948
nisi gold OS 1932.. .J-D
TJScrip 6s 1914 ....F-A
&
167
195
Kailroad
Street Kailwnys
1]lstmoil4s 1950
1911. J-J
E R Ferry stk. 100
1st 5s 1922
M-N
N Y Hob con 58 '46. J-D
Hob Fy 1st 58 1946 M-N
N Y & N J 1st 5s 1946. J-J
NY
1[Cons Firew'ks
Ask
Bid
IVIiscel
1st 6s 1922
J-D
Brooklyn Ferry stocklOO
and
Hernng.Hall-MarvinlOO
N JlOO
Ferry Companies
10th
U B'y <& 7tli
71
&
<fc
Outside Securities
A
5
30
73
TclesT tfe Teleplione
1]AmerTeleg«& Cable 100
ilCentral
Iniliistrial
ConsoUd Car Heating 100
Preferred
3
Cong
ll
Unlisted
shares
Listed
shares
lyuo
Saturday
no8
Electric Ooiiipaniea
Chicago Edison Co.. .100
KingsCo El L&P Co 1 00
Narragan (Prov) El Co 50
N Y <fe (4 El L iStPowColOO
Preferred
100
Philadelphia
Boston
Week ending
March 17
H & Pow-
A.O
1938
& Ind C Natcfe lU .100
J-D
1st 6s 1926
Pat & Pas Gasife EleolOO
5s 1949. ...M-S no4»i2 105Hi
St Joseph Gas 58 1937. J-J « 9712
March 17
1
63,390,201
25,726,841
2,937,104
7,593,943
+703.270.050 $266,250,500 4^5,856,880.250 $2,378,002,875
Par value
$328,-.i50
tl39.200
$6,300
$10,700
Bank shares, par..
Stocks
Gas Seouritiea
Bid Ash
Indiana Nat & 111 Gas—
M-N
38
Ist 63 1908
50
57
IniUanapolis Gas
M-N n05H! 106 H
1st 68 1920
81
60
Jackson Gas Co
A-O i 97 101
58 g 1937
100
30
40
Kansas City Gas
58 1922 See Stock Ex. list.
103
100
liLaclede Gas
100 100 105
llPreferred
35
Lafay'eGaslst 6s'24.M-N
45
Log& Wab V Ist 6s'25. J-D
Madison Gas 6s 1926.A-0 no6 110
Newark Gas 6s 1944.Q-J 2136 137
86^4
Newark Cousol Gas. .100 85
S-D nio llOHa
llCon g5s 1948
3O.'),000
$18,585,900 $2,641,000
1904
1905
V S
$425,500
569,500
814,500
247,000
$1,943,000
2,534,700
3,690,400
3,539,000
3,642,300
3,236,500
Week ending March 17
Exchange
—N
Bonds
*81.575,600
144,524,350
7,593,943 $703,270,050
Total
State
I'ar value
Shares
iyu5
Bailroad &c
1101
'4
»8
^
92
115
115
95
117
117
1^8
2
\\\
12
195
6
18
85
38
97
97 Hi
8H»
90
40
97 Sz
9734
ilUHi 113
iUlSi 113
127 Hi 135
6
7
3*
2
165
1149
1
5
172
149^8
H.
l-'e,
120
2U
125
^^cck Kxchange. but not a very active security..
Record. Daily.
BOSTON STOCK F.XCEAN6E-Stook
Prices
>liare Prices-Not Per Centum
Wednesday Thursday
Tuesday
Monday
March 14 March 15 March 16
3farch 13
Saturdav
jilarch 11
STOCKS
Sales
Range for Year
Week
EXCHANGE
Shares
7ot Previout
Tear (1904)
Range
1905
the
of
BOSTON STOCK
Friday
March 17
Weekly and Yearly
Lowest
Miuhest
Lowest
Highest
64 Mar 8914N0T
,157 8518 Jan 25 9338 Mar 9
Santa FelOO
25 104 4 Mar 9 88 Jan IO414N0V
Jan
994
331
100
91 Va
Do pref
J'ne 254 Dec
103 1«
103
92 ^ 92 '8
92 ^ 92^4
190 254 Jan 3 259 Feb27 23934 Feb 554 Dec
103
104
258it2
258 4 Boston & Albany.... 100
2584 259
213 2:151 Jan 25 158i4Jan 5 xVSl Mai 242 4 Nov
253
103's 103-^ 103 Vi
2.-.S
100
25S
Elevated
25734
Hi
Boston
166
258^259
155 1554 155
258 260
132 24-2 4 Jan 3 249 Marie 230 Aus 1751a Dec
15.i415G
100
\bb^ lou *'248
249 Boston* Lowell
156 156
248
l.'>5i. 155^4
249 240
406 173 Jan H 185 4 Mai 14 158 Apr 174 Oct
100
Maine
248
&
Boston
181
184
248H2248>2
1S5
243
Jan 6 172 Mar 4 166
184
171
248
100
185 185^2 185 185
Do pref
Mar'05
r.astSale
Jan 18 307 Feb2i^ 295 Feb 303 4 Dec
182 \^i\ 184 185
2 305
ProvidencelOO
&
,..- • ..»••Boston
307
33 Mario
307"
134Janl7
'Ml
3(17"
3,384
306" '.'..'. *3t)6
314 Boston&Wor Elec Co
314
33
>306
32
1,408 63 4 Jan 17 77 14 Feb 20 136 J'ne 154 Oct
304 33
30
pref
29
4
Do
29
2918
Sa'
Mario
182
29
v9
764 764
76^
119 150 Jan 13
76
1 00
76
127 Dec
76
Vif Chic June By & U S \ 10^'
76
764 76
7rt
121 Jan 9 132 Feb ^ rll64J'iie
55
IPO 181
180
pref
Do
125
180 J'nt lb6 Nov
182
24
xVio
Feb
188
128
Jan
4
128
186
181 11<2
128 128
128 128
162 4 Jan
Feb'O Oon& Mont Class 4. .100
.--.-hast Sale 188
1604 Jan 19 165 Feb 6 160 Apr
*187>2
276 Jan 285 J'ne
Mar'05 Conn & Pass Biv pref 100
•is7>i".'.III'. *1874
»187>2—
fjaii Sale 165
285 Jan 12 '293 Feb
Biver...lOO
J'ne 142 Nov
Mar'05 Connecticut
Last Sale 295
179 142 Jan 3 U8 Mario 133
10
'2414 Jan
57 Dec
Fitchburg pref
143 148
143
257 594 Janl6[ 76 Mar 14 73 Jau 88 Dec
146
...10
146
Electric.
146
da,
By&
145ial45>2
Febl6
91
4
75112
Jan
744
86
145 145
25
75
75
100
T6
J'nt 175 Apr
75
Do pref
*73
75
75
'91
•73
175 Jan 24 185 Mar 9 170
91
91
100
Jan
•90
*90'3..-.
Mar'05 Maine Csntral
Feb 11 194 Mar 9 lli4Sev 24
91
134
Last Sale 185
91
2,830
...100
Cos.
Oct 8OI4 Jan
19 1* Mass Electric
"1814 "isa
184 19*8 19
583 5514 Feb 11 65 Mar 8 52\
100
18'4
2314N0V
Apr
pref
"l8''4
5
Do
194
65
644
23 4Marl4
19
19 '^
19
75 2134 Jan
644 644 644 644
100
Oct
64^4 64^4
26I4
25 H Mexican Central
65
244
65
2 10 4 Feb 4 1 85 4 May 199
65
65
634 1984 Jan
251a 254 2514
100
254
Hart
Au 1634 Apr
254
&
H
N
205
N
Y
264
*254
Feb2.-( 159
05
167
19
206i8 205 205 14
Jan
165
•244 254
a;203
4
20818
.100
208*6
Feb '05 Northern N H
207 >4 208
>32 Jan 24 232 Jan 24 222 Jau 232 Apr
2U8 208
Last Salt 16?
Apr
J'nt 2U7
Jan'Oo Nor-wich & Wor preflOO
205 4 Jan 5 210 Mail 4 198 J-ly 804 Feb
Last Salt ?32
61'
100
210
Old Colony
102 Feb 14 74
9
210
79
Jan
210
130
210
210
lOO
210 210
Mai 79 4 Nov
i02 Fere Marquette
100
99
99
209 209 209
302 78 Jan 4 87 Feb 6 68
99
99
100
*9i^
' 100
Do pret
85
Jan 19 29 Aug 73i4Dec
85
3 72
Mar
,102
85
604
85
85
85
100
85
85
pref
84 Ja 84'-.
85=
15 Jani:-! 16 Feb 18
•85
Last Sale 604 Mar'05 Rutland Elec com..lOO|
40 Jan 42 Feb
Feb '03 Savannah
Last Sale Vi
44 50 Jan 5 55 Jan 13 871^- May 95 4 J'ly
•15
100
'15
Electric
05
•15
Seattle
Mar'
100 14 Feb26
544
Sale
Jan
•15
934
Last
•544
100
544
Do pref
71% Mai 116% Nov
98
•544
08
137 4 Feb '2.0
97
•544 ...97
994100
100 20,348 113 Jan 6 101=8
96
96
86 Mar 9714 Dec
99 4100
134 Union Pacific
20
1^8
Eeb
13
11
9634
•994100
Jan
1334135^8
90
13514I364
100
99
Do pref
134 13534 1344136
99
175 Mar " 160 May 173 Nov
18
Jan
172
134^4 135
9tt41004
99»8
10(
gg-'s
9908 998a •9941004
Mar'05 Vermont & Mass
98 4 Feb 21 89 Jan 93 4 Dec
93 Jan
Last Sale 175
13'.
99>a 994
50
98 West End St
Feb 20 108 Jan 114 Dec
98
3 116
Jan
984
112
98
90
•98
99
98
50
98
Do pref
98
98
25 Feb 23 16'4J'ly 17 4 Feb
97
14Jan27
97
116 116
100
116
116
100
11514116
Central...
374J'ly 43 4 Dec
Wisconsin
115>4ll6
116 116
100
Do pref
143 Dec 146 4 Deo
Last Sale 43^ Dec '04 WoicNashcfe
v;438 24%
Boch..lOO
Last Sai^e 14?^ Feb '03
244 Dec
lUiscellaneous
25 24i4Marl7
CUem.lOO 12,748 194 Jan
87 Dec
24
Marl3
14 Amer Agricttl
93
233b
3
Jan
234
86
23
2114 234
bSgNov
100 2,378
21
21
pref
2II4 2II4
Do
20
914
Feb
91
6
44Jan21
914
2034 20
91
458
88*4 904
50
27 4 Sep
4''6 Amer Pneu Serv
a;884 89
93
43*
17 23 Jan 5
20
Jan
5%
914 925I4 92
5%
5
13
5
15214 Nov
4^8
50
4''i
*47g
5
Do pref
22
22
149 Mar 2!
•5
24
24
100 5,835 139 Jan 25 1404Mar 7
24
141 Nov
24
24
144 4 14234 144 4 Amer Sugar Behn.... 100
138 Jan 7
144I4I45
YiA
286
14534
14458
Feb
1494 Nov
pref
Do
14(>
4 1194
Jan
138
148
24
i44''el45i4 14514 14618
Jan
1394
142
4
139
139 139 4
139
13t<
•& Teleg.lOO 4.419
9 Feb 24 4 Nov
3058 Marl5
1394139^ 139 "4 1394
146 4 1441a 145 Amer Telep
100 24.111 21 Jan 23 108i4Marlb 634 Jan 9434 Deo
14541464 145 41464 146
29 '^b
304 Amer Woolen
92i4Jan
3
30
2939
146 146 4 146 14614
3058
2958
2,912
100
4 Sep
29 4 SO^B
29 14
3 Nov
Do pref
107
28
27»8 27'8
34 Marl 3 3 4 Jan 23 1124
107 IO8I4 107
125
107 108
10
10541074
Jan 12284 Dec
Land.
. . . ... .
106
Boston
10284
3S,
124
6
J
an
34
17
103
Jan
102
S^t
314 ....
32 U20
•314
7i4J'ne 193, Nov
314
Cumberl Telep & Tel 100
31*
Marl6
•3>4
121 121
3,705 17 Jan 24 24%
74Deo
121 1214 121 121
54Jan
Dominion Iron & St
121
244
734 Janlo
21
24''6
Mar
8
•120 1204 121
64
234
2434
200
24
23I4 2334
22^4 24<>8
265 Aug
6*8 East Boston Land...
6%
24
3 264 4 Jan 24 230 Feb
634
Mar
250
24
•64
317
6
..100
6»8
Ilium.
al51 J'ne 194 Nov
64 6»8 •64
•64 ^
252 4 252 4 252 4 232 4 Edison Elec
252
387 182 Jan 25 191 Jan 17
100
Electric
36 Dec 444 Aug
1894General
25114 2611a 252 252 4 262
1
38I4 Jan
Feb
46
•1871a
191
251 251
190
8434 Oct
1874188 4 187 189
44 Mass'chusettsGasCoslOO 1,637
187^4 188
434
8OI4 Janlo 8o4Marl3 7734 Mai
433,
4334
187 4188
444
668
44
100
Do pref
83
434 444 43»8 414 854 8534 85
202 Mario 173 J'nt '200 Nov
86
Jan
6
191
854
444 41^1
38
.100
14 Apr 234 Nov
202 Mersenthaler Lino.
2 Jan 4
1 Feb 6
844 84 4 854 864 854 854 201 201
202 202
210
"'114
II4 Mexican Telephone.. lo|
118 Feb 141 Nov
6
140
Jan
II4
17
Feb
201 205 *201li« II4 201II4 201l^B
134
II4
114
1>4
99
100
u, Oct
4 Jau
137 N E Telephone..
234 Jan 9
137
•II4....
1 Feb 2
137 137
1374138
17 J'ly
138 138
t'st stk comlOO
8 Oct
138 138
10 Jan 6 17 Janlo
136 137
Last Sale Iha Mar'05 PlantCom
100
DO pref
Max' 05
Feb28 208 Mar 243 Nov
Last Sale 15
239 233 Jan 3 2624
100
9 Nov
Co
Pullman
6 4 Jau
248
10i4Feb23
248
12
Jan
2464
8
4
145
246 243 4 246
242 4243
Button- Hole.. 10
^9934 Mai 116 Oct
•9
10
Reece
243 243
6
114
Jan
24
Feb
105
•242 245
94
94
914
914
779
22 4 J'ly
111 Swift & C0...........IOO
94 94 •9 10
•9
10
nOTg 110^8 111
23 Jan 18 23 Jan 1» 22 Dec
111
Oct 26 Nov
23
Jan '05 Torrington Class A.. jO
111 111% 111 IIII4 110
Jau
6 26i4Janl6l 244
Sale
4
Last
26
111 111
23
26
2.5
5 Oct
23
•2
Jan
23
Do pref
26
4 Jan 61
26
23
.
3 Jan 27
'254
254
•254
95 Feb 113 J'ne
•254
'05 UnionCopL'd&Mg. 25
Feb
Feb2ul
115
10
Jan
•264
Sale
105
Last
•34 4
•34 4
•34 4
United Fruit.. .......100 3,08i 6I34 Jan 3 95 4 Fob 17 45% Feb 61iaDeo
*3ia
4
112 11234 1124 112
113 1134 112 4 113 1124113
90 United Shoe Mach... 25 6,477 31% Jan 3 394 Feb 161 28 Jan 32 Oct
90
11234 113
90^4 91 14
90
914
89
25 1,705
'8
831a
89
6 4 Ma) 204 Deo
3413
83
Do pref
14 4 Jan 16
89
87
344 34 '8 053414
3378 344
173 12 Marl5 106
..100
3334 i)4
77 Jan 103 Deo
Leather.....
8
U
1.)
14 Feb 16
Jau
1004
334 337e 334 34
12
12
Nov
..100
12^4 1234
1034 Feb 34
Do pref
431^4 Feb 17
Last Sale 106 "4 Fel)'05
10 34% Jan 4
..100
S Rubber
113 Feb21 40 4 Jan 99 4 Deo
5
an
J
98%
414
127
411a
..100
SSgMay 33 Deo
Do pref
37 4 Maris
1114 Ill's
..100 14,950 28i4Jan25 97%Marlil 614M»J 964 Deo
11134 lll->4
3534 U S Steel Corp.
35 4
91i4Jan25
35%
365e
37
8,880
364
Jan
100
^75
374
36
4
pref....374
Do
37
•60
36^4 37
Feb " •67 4 Jan 20 •SO 4 Apr
964 96''8 95»8 96' 6U95 Feb95'03_ West
964 97 14 '•65
End Land .-..-, f 5
6 J'ne 23 4 Nov
964 97% ••65
22 4 Feb 6
96 '4 96"
17
Jan
LasiSale
18
460
8 76 Mar 101 Deo
65
2034 West Telep & Teleg.lOO
2034
••65
20
20
234 97 4 Jan -24 104 Feb 9 7534 J'ne 93 Deo
204 20-'
100
20 "20"'i
20
20
Do pref
92 Mar
1014 102
•20
21
Janlo
88
1014102
102
i
10
oO
1U2
Mfg..
.
Aug 100 Jan
102
&
101 102
Mar'05 Westing El
103 lOi
92 Feb 8 98 Feb 4 1 90 4
Last Sale y^
93
60
91 93 91 93 •91
Do pret
Mar'05
92
y64
•90
Sale
Last
-96
100
778 Nov
95 100
iVlining
'96 100
)8 Jan 11 75 Aug
•95 100
1 534 Mar
Mai 21 Nov
^5 1,260 1334
6I4
6 Adventure Con
6
Jan
23 24 Feb 23 d3»ia Feb 8234 Dec
61*
6
6
4,293
7
25
7
6
8158Marl3 43
23 ^AUouez
22%
*6
23
23
2314 2a4
33,975 70 Jan 25
233, 24
Mar 1 Mar
•75
23»i 24
80 Amalgamated Copper 100
23 14 234
794
784 80
814
"4
80
6
81
Dredging
80
8 Feb 14 Oct
8158
4
Gold
Feb'li5
Amer
804
12^6 Jan 6
sola 814
9
11
Feb
Last Sale 11
15% Feb 2934 Nov
Zinc Lead & Sm. 25
415 264Febl7 304Marl3
11 12 •11 12 Last Sale W"^ Mar'05 Am
3 Nov
26
Feb
•11
12
Anaconda
2 Jan 13 •25
12
•11
Feb 9
14
29%
29%
445
30
^o
14 Nov
30
Arcadian
304 304
2
23 20
"134
Feb
14
S0I4 30 14
»1»4
•76
23
2
Jan
134
13.
Nov
134
Fe
Feb 224
5
7
13,
14 2
Mar'05 Arnold
1334 Mar 13
•114
Sale
f°
24
1334
Jan
Last
•75
Ih.
'•75
14
25 8,746
Mai 383* Nov
19 Mai
Atlantic
1*.
17
36 Jan 3
• •75
17
23
17
2934
Jan
17
174
17
1836
2,482
lajgNov
60
1734
39 May
Bingham Con Min& S
164 18''4
32
32
164 17
32 4 32
560 70 Jan 25 •85 Marl3
32 4 33
33
7% Nov
33
•75
6 Oct
Bonanza (Dev Co) . 10
•73
74 Feb 3
324 3234 33
••80
32
534 Jan 26
•85
625
•85
a5
••80
{rct8)£l
Jan 700 Nov
435
...„
BostonConC&G
69")
20
•90
6
6«8
Feb
••80
6'<.
6'4
6
Jan
7
643
228
'64 7
25 Nov
666 Calumet & Heola.... 25
6'e
7
065
6^8
•13
Feb28 •15 Mar 1 05 Apr
665 675
665 078
10]
6S2 683
d 14 4 Feb 1 3234 Nov
677 683
Mar'uS Catalpa (SUver)
Feb 7 26 Jan
«77 677
Last Sale 15
174
2,282
j°
6% J'ly 10 May
18 Centennial
8 4 Jan 16
184
6 Mar 14
4 194
10
194' 26" "l9 4 "2'6' "194 "l9''4 18
25|
20 J'ly 76 Jan
Gentriil OU
b
•40
Feb
7
4
*19ia'"20
•7
17
7
Jan
'4
33
7
300
6
6
7 4 Apr 14 Oct
74
Cons Mercur Gold... o
•7
7 4
37 -37
12 Jan 3 1534 Jau 20
•37
•35 •40
25
744 Nov
•40
Zinc
•37
••85
25 83 Mar 14 38 Fob 36 Jan
Jan
Last Sale /5'4" Jan''05 Continental
64
Col00ll7,'104
Aug
773, Copper Range Con
76
77-'8 7»\
Jau 4 18 4 Feb 15 1034 J'ue
4
12
81
77
1.221
8a
'8
20
72 Jan
794 814 814 1634 16% 164 16
4 Marl7 40
164 Daly- west
SO
164
77
16 4
860 60 Jan lo 81 4Marl6
100
164
103 J'ly 116 Nov
164
Dominion Coal
16
l(il4
81
116
77
Janlo
70
16
77
4
113
70
14
76
4 Nov
1001
74 4 74 4
134 J'ne
73
DO pret
72
34 Jau 13
72 4 72 'v
11641164
800 24 Jan 30
116 116
12
7 J'ne 16 4 Nor
Elm River
3
3
3
Jan 23 12 4 J an 16
3
10
3
3,265
3
aiijeNov
34
Mar
2*8
34
3
6 '•Marl'
Franklin
3
11
•3
34
•11
Jan
114 11
6
.-.-"Y ,?>
12
34 4 Deo
11% 124 114
114 114
64 Granby consolidated. 16132,612
64
Jau 23 29T8Marl4 20 Oct
11% 111*,
6
6%
6 '4
64
I8,o;;0 25
6I4
10
6%
Consolidated.
4 Feb 5 Deo
64
62
Greene
Marl4
294
5',
6%
534
i'^e
28%
4
29%
Jan
28%
3
29
4
29
6.647
5
Consol..
29 4 29
6 4 May 36 4 Nov
294 2934
29 '8 29-',
44
45b Guanajuato
44 43,
234 Jau 23 2834 Janl'
4 '4
4%
4
434
3 Feb t9%Doo
434
ale (Copper). 25 6.821
d
Roy
13
434
Mar
26
Isle
'
13
4
4
434
26
27
Jau
9%
26 4
4
26 5,63-5
2 Nov
Consol
43 J'ly
27% 28 4' 27 4 27
14Janl'2
2-<
Mass
27 4 28 4
ll^b
114
6
26
124
Jau
1
124
13
910
13
25
13
34J'''«" 114 Deo
13
Mayflower
1234 131a
13-<,
1334 Mario
1
1
13
1
104Jan
90
1
9,213
1
1
25
Feb 67 4 Nov
1
1
1'.
1
••90
144 Michigan
14
14 4
51 Jan 10 06 4 Mar 9 344 Jan
I5I4
14
Aug
lb\ 16
......... 25 5.693
15
14% 1534
34 Jau 16 •5024 J'nt 63,
54 Mohawk
1434 154
53
5334 54
3 4 Mar
664
56
2,157
64
24 Not
4
25
Coke
5334
14
Coal
<fc
66
Montana
56
1
334
13
Hi J an 18
65'4 66
3'>8
Jan
87
4
323
334
3'l
25
94 Feb 29 4 Deo
3% 3%
"•14
28 4 J an 3
3% 4
14 Old Colony
4
Jau 2
4
14 14 •14 14 27
25 3,390 25 4
14 14
14 11.
103 Marl4 63 Feb 98 Nor
•li*
27 Uld Dominion
14
9
Feb
274
27
88
274
13.470
27
4
*•'.
2734 28
2U34 Feb 33 4 Nor
273,
99 Osceola
274 27
27
994 974
97
27 Jan 25 30 Jan
99 100
t6 Nor
100 103
parrott(Silv<)fc Copp) 10 1,135
(t-30 Aug
11
Jau
96 100
34
29
95
15
95
23%
Feb
29
4
4
2
29 4
28% 28
30
26 l.MO
30
80 Feb 125 Nor
Janl.
2', HUtenix Cousol
118
294 29 4 29 4 80
1
•2>4
2
3
4
Mar
106
491
3
3
3
.. 25
May 3 Nor
•50
3
3
3
yuiucy...
10.)
10534
3
14 Jan 6 2Hi Feb 21
2'b
103 106
920
107 109
3 4 Nor
14J'ii''
26
110 112
2'
110 110
•2
Rhode Island
3 Jau 18
23
Jan
2
ao7 107
2
24
250
24
Aug 1034 Nor
24
10
Cop)
&
2
Fe(Gold
4
2
•2I4
3
2
Jau
3|
Santa
9
2
4
2
Feb
6
2
2
4
24
65e
2I4
24
Nor
24
10 5.707
u
uhinnon
24
Shannon
24
140 Marl 4 85 May 140 Nor
a
•2"4
8
24
8
8
84 8%
44
25 1,410121 Jan
84 834
8 '4
3 'e Mar 131 •25 J'ne
Tamarack ...
8%
136
8%
8
134
Feb
2
135
135
138
6,230
133
23
135 140
130 185
35 Jau 19 34 Nov 43 4 Deo
34 recumseh ...
180 132
34
34 34
3>4
50 29 Feb234
25
334 Mai 18 4 Nov
3% 3^1
.
Tennessee...
1358l'el> 1
3% 3
3% 33738.11111
6 Mar
25 13,918
6 Mar
Mario
it
8238 32%
"12 '4 "l'l"4"li-^i "ii" "li% Trinity
Mario
9
"114
100
12 4
18 Jan 28»4 Deo
1
"li%"l2% 12
Mar
27
4
Mar'03 United Copper
2
Jan
124 13
LastSalt )
21
25|.i9.oo
12^4 Nor
rfigJan
26 U nlteiistalfs Mining
254
934 Fob 3 1134 Jan 5
2 3 4 26
9t;o
Jau 47 Nor
9" Unit Stales Coal diOu 25
274 20% 27 4 264 27
27
434 Jan li) 30 J'ue
26 4 274
10
39 S, Mar
'9%
9%
10
8.028
6% Nor
10
(Gold)
10
24
934 10
413, Utah Con
•934 10
6 Jan 13
41 '4
41
434 Fob 7
41
23 1,283
Feb 13'% Nor
414 4034 41'
o
Victoria
41<'eb2l
6
15
23
414 413, 40 "J 414* 41
6
Jan
5V
11
6
6
4
Nor
4.340
6
54
6
54
5
25,
6
14 41 Winona
120 Feb 16 69 Jau 110 Nor
5
14
14
14
853 103 Jan
144 147.
2-3
1434 16
Wolverine
14% 16
2% Feb 21 •50 Feb t3
1458 13
113
113
1'. Jau
114
114
119
4
119
877|
11
a
119
2
..
119
119 119 4' 119 120
2 4 Wyandot
24
rights.
24 24
24 2 4
24
tBx-rlghts. aKi-aiv. *
2>
24
24
2% 2 4
alook- 7Ass'tpaid.
Naw
•Bldaada-skeiL
1901
called
a.ssos.vt*
«».forepay'tofa88e8.'teoaUedlnl905. d Before pay't of
Uailroa<l!t
913.
103^-
91 »4 Sl"-103 103\
89^4 90'>4
103i8l03''e
884
89^4
Atch Top
A
'
I
.
.
>^4
.
64
;
;
)
J
1
.
14
'c
.
80
7
35
7
35
"^4
7
'•J
2
2%
(.
9%
.
—
m
,
;l
Mar.
KO.NDS
BOSTON STOCK EXCH'RE
Week Ending March 17
Atch & Nebraska
Atch Top & S Fe gen k 48.. 1995 A-O
Adlustment g 48.-..-T'ly 199o Nov
Boston Elecl Light 1st 68. 190b. M-S
1924 M-S
Consol 58
<fe
Week:'^
iianye or
Last Sale
17
Janiiary
10^
3
102=8
97
97
6 1021s 1023j
9
94^4 97 -'b
99-J4
8
9658 15
94
lOS
10,.*
117 Feb'04
99^8 Jan '02
101 Mar'03
1121" .Ian '03
112'-jnec'04
81
100
SW
1401^2
1401^;
1401-2
99 14
Mar'05
99
99
Sale
1921 Q-J
None-Buyer pays acoraed interest in addition to
Repub VaUey
1st s
1
-
No
J-D
F-A
J-J
..1919
6s.
125 12 Mar'05
103 1« Aug'04
Monday
March 13
Saturday
11
Tuesday
W ednesday
March 14
March 15
I8I4
10741084
19
'I8I4—
le^fc
"164" 16=8
184.-.
394
15=6 164
38I4
38
le^^
52'8
53
53
27 12 2734
T^
14
12
47
106
664 674
67
73
123e
1218
5
7314
733,
7»i.
12%
5
5
7234 73O1,
44 's 45
44'8
10^4
274
•464 474
47
1064 1064 107
67=8
664 67 H
4"ie
Ti'\e.
444
7%
7
5276
14
16
•47
48
1057gl05'i
27
4
74
74
14
ll'a 12ie
•15
5234
52''6
274 274
1334
....
JYiday
March 17
46 '(
45
10"^ 10=8
1034 1034
2914 29^8
29% 2934
30
49I18
49=8 48iiia 495i6
493i9 49616
45l6,a45i6i6 *45J4 4t>l4 •454 46
4534 45.»4 451I16 45Hia *45i4 4534
583^ 5834
584 58 4 *5834 59
1161a 11634 116 116\ 11618 1164
1034
29<^
22
22
PHILlADELPHIA
Bid
Inactive Stocks
10
American Cement
63,
&
Amer
50
50
50
Cambria Iron
Central Coal & Coke. 100
100
Preferred
50
Consol Trac Pitts
50
Preferred
Ask
67g
Steel
Iron
Bell Telephone
Diamond State
'i'b'i-"
=8
1-3b
Electric... 60
100
Elec Storage Batt
Preferred
100
50
Germantown Pass
Harrison Bros pref.. .100
100
Indianapolis St
Inter Sm Pow & Chem. 50
334
11^
10
50
66
50
"34
Steel.
Preferred
100
Phlla Co (Pitts) pref.. .50
Phil German & Norri8.60
Phlla Traction
50
Railways General
10
Snsqueh Iron & Steel..
Tidewater Steel
10
Preferred
i(j
United N J RR & C. 100
Unit Pow & Trans
25
United Trac Pitts
60
Preferred
50
Warwick Iron <fc Steel. 10
<fc
48
100
2
134
5234
27 14
E
Ask
Bid
Bonds
est 78 1910 A.O
AmRy8Conv5s 1911. J-D
Atl City l8t 5s g '19.M-X
Balls Ter 1st 5s 1926.J-D
10314 104
II3I4
Berg&EBrw 1st 6s'21 J-J
106
Al Val
D Can 1st 5s '16 J-J
Me Ist 5s 1949 J-J
Ch Ok & G gen 5s '19 J-J
90
102
By
Ist con 5s 1932
J 1st 58. '33
(Jon Trac ol
E <fe 1st 5s 1920 M-N
Col St
N
93
"46"
1101.
111
114
64
63
Westmoreland
^stmoreland CoaUieo
Coal. ..50
'14.CJ-J
1914. Q-F
Gen
44s g.l924.Ci-F
Leh V C Ist 58 g '33. .J-J
Leh ext 4s Ist 1948. J-D
M-S
2d 7s 1910
M
V
J-D
J-D
ctfs.
48
1.,
Ill
115
10034 101
108 4
89 14
"i834
2h
2
6I4
67
1st 4s '36.. M-N
M-S
Deben 68 1905
Penn gen 6s c 1910. .Var
Consol 68 c 1905. ..Var
Consol 58
1919. ..Var
11314
Lowest
la
751a
25
25
94
96
106
XQQ^
124'4l25 4
9713
97
IO4I2 10334
Feb '03
104 Nov'04
13434 Mar'05
M-N
M-S 112i2ll3ii 113
M-N
119514
niS 12 11136 »»
I07I2II44
1131..,
1192
F-A
1195 1^
10214 Sep '04
M-S
M-N
IO6I4
10234
IO6I4IO6I4
FA
1191
M
M
M
W
Daily,
£ange
Jan
and asked.
lor Year
Highest
Lowest
Marl 5
Feb24
Jan 13 2018 Jan 31
Jan 1
39 4 Jan 4
Jan 19 la Mar 3
80 8434 Jan 11
102 14
17 16
124 35 4
6,198 13
Ask
1034
1033,
7634
77
'05
Exchange 3 43 1930 J-J
H Flat price.
Uange tor lYevious
year (1904)
113 4 116
Refunding 3 48 1952 J-J
Balt&PlstOsml'llA-O
Bait Trac 1st 58.. '29 M-N
No Bait Div 58 1942 J-D
I0934
ei-dirldend.
5318
Mario
283feFebl7
8^18 Jan 4
1534 Jan 4
12=8Feb20
1714 Jan27
49 Jan 26
U4i8Jan 3
70 Feb 25
534
Jan 17
7334
Marl 3
Lowest
Highest
674 Jan
86
May
ISgMay
734 Feb
la
12
99
9934
8538
85
Si
65
'4
115
1084
102
120
102
*
*
918N0T
1838 Deo
111* Not
54 J'ly 14 la Not
Aug 44 4 Not
624 Jan ISliaDeo
3334 Feb 59 'g Deo
278 Mar
4 4 Not
5578 Mar 70 Deo
20
4738 Marl 5
III4 Fel)24
§3238 l<'eb24
4934 Mar y
37 =8 May 43=8 Oct
5 May 10 'e Deo
8 Jan tl9 No»
191a Mar 41 14 Dec
Feb
46i4Mar 9
59 Jan 5
117 4 Mario
28 Jan 17
38
28
47
Mar 46 Dot".
Mar 42 4 Dec
45*4 .Tan
May 103
Deo
1934
Oct
22
J'nt
BALTIMORE
Chas Ry G & El 6s '99 M-S
A ext Ss.'OO J-J
Charl C
Consol Gas 6s-..1910 J-D
1939 J-D
5s
Ga & Ala 1st con 5s '45 J-J
Ga (Jar & N 1 st 58 g '29 J-J
Georgia P 1st 6s. ..'22 J-J
GaSo & Fla Ist 08 1945 J-J
G-B-S Brew 3-48 1951M-S
2d in(X)me 58 1951 M-N
Knoxv Trac Ist 5s '28A-0
LakeR El Ist gu5s'42M-S
MetSt(Wash)l8t5s'25PA
Mt Ver Cot Dack Ist 53.
Incomes
Npt N&O P 1st 58'38 M-N
General 5s.. ..1941 M.S
Norfolk St Ist 58 '44.. J-J
North cent 4 48 1926 A-O
J-J
68 1904
A 6s
J-J
1926
J-J
5s 1926
Pitt Un Trac 58 1997. J J
Poto Val Ist 58 1941. .J-J
Sec Av T( Pitta) Ss '34 J-D
Sav Fla & West OS '34 A-O
Seaboard A L 48 1950 A-O
Seab & Roan 58 1926.J-J
Series
Series
B
South Bound 1st
59i4Deo
81
Col&Grnv Ist6s.l916 J-J
124
103 14 10334
61 Oct
26=8 Ileo
43 J'ne
18 Is May
1910 A-O
City & sub 1st 5s. .'22 J-D
Oity& Sub(Was)lst5s'48
106
58. .A-O
UElL&Pl8t44s'29M-N
Un Ry & El 1st 43 '49 M-S
Bid
Ask
95
116
115
96
1134 1144
107--,
lOS
I1714
1184
IIOI4
II634 117
1124 11234
113 113>a
110
124
115
55
55 S
274 28
105
118
117
7734
33 4
120"
119
78
34
98
1124 114
110
126"
120
112
117
117
116
9034
115
114
98
119
119
b'i'
98^
9334 94
6434 66
J-D
Va Mid Ist 68 1906. .M-S 102 103
2d series 68 1911. ..M-S 110
3d series 68 1916. .M-S 117
Income 48 1949
120
108
1164 118
4th ser 3-4-58 1921. M-S
5th series 58 1926. M-S
112
1153, IIC^
U6
1204 1214 Va (State) 38 new '32. J-J
Fund debt 2-3s 1991. J J 9614
Convertible 5s. '06 M.N 1024 105
115
J-J
con
68
1914
West N C
Cenfl Ry con58l932 M.N 115
WesVaCAPlsteg'll JJ 111»4
Ext& Imp 58.1932 M-S 114
58..1935.J-J 113
wein O8..i»^o.j
Wil
wi &
<fc Weld
'23
105
J-J
J
J|
Ss
5s
Chas City Ry Ist
U Ex-rights.
Deo
J'ne 109 4 Deo
7 J'ne 1973 Not
1334 J'ne 40 Not
534 J'ne 15i4Deo
71
<fe
i26"
107
112
115
91
1191
2d 7s
116
IO8I4
Pot 5s
88
Feb 16 110
BAI.TIMORE
Inactive Stoclts
Atlanta & Charlotte.. 100
&
1034
1054
103
40 103
Weekly, Yearly
1905
the
1114
1195 i-i
iii'4"'." llli2Dec'04
latest bid
;
IO6I4
Is
Apr '03
103 ig Jan '05
IO518 IO512
105 la Sale
J-J
J-J
J-J
Ch Ist 7. ..1907 J-J 106
1024 Atlan C L RK4S1952M.S 10134
L(Ct)ctf8 58 J-D 116
Coast
Atl
Ctfs of indebt 4s.... J-J 1014
Bait C Pass Ist 58 '11 M-N 107
Bait Fundg 5s. 1916 M-N 118
'
II
IO6I2
107
Atl<fc
Penn & Md Steel con 6s
Pa & N Y Can 78 '06.J-D
A-O
Con 5s 1939
A-O 994
Con 48 1939
107 4
'17
M-N
Penn Steel Ist 5s
People's Tr tr certs 4s '43 1034
M-S
col tr 5s'49 M
P Co lat<& coltr5s'49
P(3oTat&
no sales on this day.
&
Bonds
No Penn
Mai'02
Feb'05
J-J
Bid
Phil Elec gold trust ctfs.
Trust certifs 4s
P E gep
5 g '20. A-O
Gen
48 g 1920. .A&O
Ph & Read 2d 5s '33. A.O
J-D
0)n
78 1911
ConM 68 g 1911.... J-D
Ex Imp 4s g '47. A-O
ConM of '82 4s '37.J-.T
Terminal 5s g 1941. Q-F
P
& B col tr 4a '21. J-J
Rochester Ry con 58 1930
Trac
Ind gen 5s'19. J-J
U
Un Rys Tr ctfs 4s'49Ji&J
U Trac Pit gen 58 '97 J-J
Welsbach s f 5s 1930. J-D
Anacostia
New Con Gas 5s 1948 J-D
Newark Pass con 5s 1930
NY Ph & No 1st 4s '39 J-J
97112
M-S
150
Atlan Coast Line RR. 100 143 145
Atlan Coast L (Conn) 100 360 365
92 4 95
100
Canton Co
109 1094 Georgia Sou& Fla...lOO
30
II514
100
98
100
1st pref
75
65
100
2d pref
II514
9
8
100
G-B-S Brewing
1274 1284 Mt Vernon Cot Duck
9
8
150 1514 Unit Elec L cfc P pref.60
504
100 14
6334
62
Income 48 1939. ..M-N
100 Is
PHILADELPHIA
M
Leh V Trac Ist 4s '29. J-I)
...".......
;
Nav 448
4s g
70=8
'05
lOdis
102
100
106 12 Sale
FA
5234 5234
261a 271*
PHILAOEliPHIA
Gen cons 48 ad-int
273" 275
SeaSh.50
Bid ana aaked pnoea
5234
27
Consoles 1923
Annuity 6s
North Pennsylvania. .50
Penn Gas Coal
50
Pennsylvania Salt
50 105
Pennsylvania Steel. .100
West Jersey
27 Is 27 ig
RRs
124
102
Philndelphia
350 48 Jan 3
50
American Railways
50 4.259 251a Feb 2
Cambria Steel
6'8Jan25
71, Consol Lake Superiort.lOO 1.340
714
714
714
720 13 Jan 26
100
Do pref.t
13 4 1334
13 4 1334
1(>
6,839
Jan 25
104!
America
12
Electric
Co
of
11^8
113, 12
1134 12
357 10 Jan 9
15 16 Gen Asphalt interim ctfs..
15
1534
15
15
47
Do pref interim ctfs.. 3,524 404 Jan 7
47
47 'e
4734 4778
47
369 105 Jan 25
60
106 1064 Leoigh Coal <& Nav
106 106
'106 107
50 14,401 52 4 Jan 9
Lehigh
Valley
66 4
66
67
66
661a 67 14
700 4^16 Jan 3
4-8
100
4^8 Marsden Co
50 18,630 67 la Jan 25
7134 7238 Pennsylvania RR
72
7234 73 Is
72"i8
46I4
Philadelp'a Co (Pittsb) 50 59.863 4034 Jan 25
47
4534 46 '8
4634 47 •'V
9=8 Jan 11
104 10=8 104 10=8 10 4 10 4 Philadelphia Electric. 25 5,720 11734
Jan 4
3038
2934
Phila Rapid Transit j.. 50 15,420
3OI4
291-2
30 4,
29 7^
50 78,900 39 =8 Jan 13
47^8 48l5i8 471I16 4838 Readmg
4334 49S16
100 45 4 Feb 2i;
50
•45>4 46
454 46^4 *474 479l6 Do 1st pref
50 1,098 42 Jan 9
Do 2d pref
4535 4 5 -•8 *454 4534 45 4 46 14
693 58i4Mar 9
50
59
Union
Tracton
58'4
58 '8
58=8 58-(
50 8,376 lOS'flJan 6
116 II6I4 11434 1151- 115 115^8 United Gas Impt
150 20 Feb 28
100
Welsbach Co
•Jl
21
*524 53
Lehigh
62 1<
Schuyl H..50
N Haven Iron &
15
Indianapolis Ry 48.1933
Interstate Rys—
F-A
3-3 4-48 1943
34
50
Nesqnehoning
....
14'%
<fe
KeystoneWatchCase. 1(1(1 113
Lake Superior Corp. .100
<fe
•1834
M
A
Elec & Peo Tr stk tr ctfs
Elm & WU 1st 6s '10. J-J
Eq n (Jas-L Ist g 5s 1928
H B Top con 5s '25 A-O
85
Keystone Telephone ..50
Mlnehill
18
3834
1518
11=8
1084
Jan
J-J
J-J
J-J
Bonds and Inactive Week
Stocks see below)
Shares
100
Consolidated Gas
874....
50
*107 4l08 4 Northern Central
100
1834 1334 Seaboard Air Line
100
38.'4
Do pref
39
144 15 United Ry & Electric. 50
Chocife
lis
Lit Brothers
Little Schuylkill
18
3334
88
Che &
Steel
Preferred
87 14
Betiae Steel 68 1998. Q-F
Preferred
Easton Con
88
87
100" ioi"
10812 108 •»
125 125»j
97 4 98H,
9434
93
103
105
105 4 IOC's
C Jior
Thursday
March 16
Baltimore
87
*864.
•3513 87
Sale
J-J
J-J
Sales
0/
96
A-O
price Friday
ACTIVE STOCKS
lOli^lOli*
1001.2 102 i^i
1638 Nov'04
A-O
A-O
Exchanges— Stock Record,
Shore Prices— Not Her Centnin Prices
March
75
112>d
l
t
$15 paid,
t
I-
Low JligK
100 i« Nov'04
120 Hi Sep '04
102 J'ne'03
118 May '04
75 Mar'O."
25 Mar'05
FA
NY&N
the purchase price for aU Boston Bonds.
Philadelphia and Baltimore Stock
10538
75 J'ne'O;;
102 ii Aug'04
96
96
102 12 Dec '04
103 Aug'04
103 Apr '04
106 14 B'eb'oo
100 Dec '04
100 Dec '04
104 14 J'ne'04
Rutland 1st con gen 41^3.1941
Rutland.Canadian Ist 4s 1949
lu8 IO8W2 Savannah Elec 1st cons 58.1 952
1930
108 14 108 12 Seattle Elec Ist g 53
1918
Torrington 1st g 5s
Union Pac RR & 1 gr g 4s. 1947
1911
1st lien conv 4s
101 101
United Fruitconvgen5a.l911
98 100
1963
yr
5s.
10734 1081-j US Steel Corp 10-60
1915
103 103 li West End Street Ry 4s
1914
Gold4i2S
1916
Gold debenture 48
1917
MOi^
Gold 48
1 139
Tel
58.1932
&
1 139
140 4 Western Teleph
gen
481949
Cent
Ist
1011^4
Wisconsin
9834
47
99 IOOI2 WiscouHin VaUey Ist 7s.. 1909
llli4Mnr02
I4OI2
101^4
99I2IOO
126 12 1261^
126 126
MS
140
140
99
104 12 105
J'ly
J'ly
1907
6s
1908
68
1915
58
1905
Englst7s
1905
1st 68
1924
Old Colony gold 48
Oreg Ry & Nav con g 4s. .1946
1922
Greg Sh Line 1st g 6s
lOeifllOS
W
rremtElk;& Mo V 1st 6s.. 1933 A-O
1933 A-O
Unstamped Ist 6s
Gt Nor C B & Q coU tr 4s 1921 J-J
12558 Salt
98I4
9314
Mich Telep con8 5s tr rec.1929 J-J
Minne Gen Elec con g 58 1929 J-J
New Eng Cot Yarn 5s 1929 F-A
1906 A-O
New Eng Teleph 6s
85
95 12 96=8
M
19i27 .M-S
Jan 1939
Jan 1939
1st cons inc3s
2d cons inc 3s
.Vc-
1021^ Mar'05
128i« J'ne'04
101 Jan '05
IOSVj Feb'05
1251a 125=8
98 14
9812
93
93
104 ig Mar'05
1U5S2 105 ^1
J-D
Mara Hough <fe Ont Ist 6s. 1925 A-O
Mexican Central cons 4s.. 1911 J-J
10234 102^4
9913 9;<3,j
iLi
High
lom Jan '05
A-O
A-O
J-J
LR&.FtSmldgr Ist7s...l905 J-J
..1912
A-O
Maine Cent cons 1st 7s.
1912 A-O
Cons Ist 48
Jamiary
Last Sale
J-J
M-N
M-S
M-S
A-O
J!ange
Since
Ask Low
A-O
CM
Feb '04
104 "2 Apr '00
J-
Registered 48
1910
deben 58
Non-conveit deben 5s. ..1913
la Falls & Sioux C 1st 7s.. 1917
Kan C Clin & Spr Ist 58. ..1925
Kan C Ft S & Gulf 1st 7s.. 1908
Kan C Ft Scott & M 68.... 1928
1934
& B gen 4s
Kan
1934
Assented income 5s
581929
1st
Br
&
Ry
&
M
Kan C
KanCStJo&C B Ist 7s.. 1907
Illinois Steel
IOOI4
975b
no
Boston Terminal Ist 3'i!S.1947 F-A
1918 J-J 112
Bnr & Mo Riv ex 6s
102^4 Feb '05
1918 J-J
Non-exempt 6s
0934
99
99 12.
1910 J-J
Stnkins tund 4s
100 J'ne'Ol
A-O
1917
Butte <fe Boston 1st 6s
129 H, Sep '04
Cedar Rap & Mo B Ist 78.1916 M-N
117>^4Eeb'03
1909 J -I)
2d 78
83 14
85
85 Sale
Cent Vermt Ist g48..Mayl920
Sep '04
100
Chic Burl <fe Q extend 4a. 1905
'04
107
Jan
A-O
1919
Iowa Div 1st 5s
100^4 Peb'04
1919 A-O
lowaDiv 1st 4s
105 J'ne'04
1913 M-N
Debenture 5s
101''4 Mar'05
1922 F-A
Denver Exten 48
106 M Dec '02
M-N
1927
Nebraska Exten 48
99i4Dec'04
1921 M-S
8 14s
Bcfe
9658 Feb '05
1949 J-J
Illinois Div 3^28
Joint bonds See Gt Northern
10734
10734
108
107
J-J
"iz
Chic Jc Ry & Stk Yds 58 .1915
Mar'05
CoU trust refnndinK s 4sl94() A-O 100 ..-- 100
OhMU<fe StP Dub D 68.. 1920 J-J 12K12.--. I26I2 Mar'05
Feb'05
& St P Wis V div 681920 J-J 126 .... 126 Mar'05
Ch
Chic & No Mich Ist gn 5s. 1931 M-N 107 108 ^2 108
108i2J-an'05
IO8I2....
J-D
1921
Mich gen 5s
Ohio &
109i4Mar'02
Concord & Mont cons 4s. .1920 J-D
112^4 Jan '03
Conn <fc Pass R 1st g 48. ..1943 A-O
101
101
1927 A-O 101
Current River 1st 5s
99
Sale
99
99
A-O
1st 4s... 1946
DetGr Rapife
lOSVMar'Oo
1913
108b
Dominion Coal Ist 6s
1031*.
103
1906 M-S
Eastern 1st gold 6s
102V2Apr'04
1915 M-S
Fltchburg 48
48
Week's
Range or
Bid
Low High
102 3g
102^2 Sale
97 Sale
1944 J-J
Boston* Maine 4»o8
Improvement 48.... ...190o F-A
Bo8t& Mon 3d issue 7s... 1904 M-N
W
7
Bigh
100 V
Frice
Friday
Marclh 17
.*•?
BOSTON STOCK EXCH'GE £>
Week Ending Makch 17
isince
=
.2
Brd
A Sk /,01V
lOOigSale 100 Is
°8
Sale
96 >2
96
108
1907 j-n
Lowell 4s
HONDS
i:ange
Price
Friday
MarcU
1908 J-J
4s
Am Bell Telephone
48.1929 J-J
Am Telep & Tel coll1sttr7d..l90b
Wl-S
Boston
1103
Boston Bond Eeoord.
18, 1905.]
Reorganization eerta. *3 asseee't p*ld.
i
$20 paid.
THE CHRONICLE.
1104
[Vol. lxxx.
and |^axlr0ad Itttjelligjeute*
RAILROAD GROSS EARNINGS.
Inxjjestmjent
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from .f uly 1 to and including such latest week or month. "We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the. street raihvnys are brought together separately on a subsequent page.
period.
July
Latest Gross Earnings
BOASS
Week
or Month
Ala Qt Southern. Istwk Mar
Ala N O & rexa* PaciUc.
NO & No East.
February.
Ala & VlckBb'K February..
Vloksb 8I1& P. February..
Alleglieny Valley January
Current
Year
172,656
90,333
97,013
to Latest
Current
Year
PrevioxLt
67,016
1
Year
Date
Latest Gross
UOADS
J^evious
Year
or
.MRtPA
Week
Month
2.234,434
2,129,457
S
<fe
134,654
9tix,3l5
Dtc. 191.506
971.782
Inc. 112,784
Current
Year
iNafl RRofMex Istwk Mar
Nev-Cal-Oregon February.
149,406
9,296
140,052
703.012
226,579
11,864
YC&
.
.
.
W
.
.
&N
.
W
I
Current
Year
Previous
Year
*
.
.
Date
1 to Latest
111,605 5,972,174
8,321
316,279
129,800 5,557,919
818,651 6,693.932
226,164 7,774,317
7,643
146,388
19,411
1,738
5,390,449 53,540.198
449,094 4,150,680
195,522 1.52^,966
1,777,597 13,711,835
097,336 6,149,890
2,941,945 34.427,853
13,161
122,460
406,061 3,722,799
8,473,874 70,760.292
2(1 wk Mar
37,431
28,00S 1,384,859 1,372,520 Nevada Central.. January...
2 294
January,. 5,407,741 5,407,329 40,022,828 41,219,599 N
HudRiv February.. 5,3y5!334
331,960 332,835 1,902,921 1,761.402 N Y Out& West. January... 491,21
Atlanta & Char.. December
589,950
394.480 N Y Susq & West January... 222,839
58,105
82.605
Atlantic &Blr... January...
1,766,227 1,726,175 12,271,047 11,403,283 Norfolk & West'ii January.. 1,900,395
Atl Coast Line... January.
86,038
80.996 N'orthern Central January.
13,70t<
13.434
740,036
Bait <t Ann S L.. December.
January. 5,158,171 4,410,818 39,702,904 38,826,309 North'n Pacitlc. February. 3,129,288
Bait & Ohio
13,111
Bangor & Aroosi January .. 148.323 155,081 1,201.414 1,141,700 Ohio Riv& West.. January...
5,0k9
37.970
46,904 Pacific Coast Co January .. 434,057
4.881
Bellefonte Cent'! February.
27,204
28,498
3,356
2,931
ePenn— EastPAE January... 9,310,774
Bridgt & Saoo R. January...
Inc. 7 96,.500
eWest P cfe E.... January...
ButtRoch& eitii, '2d wk Mar 14.">,33() 145,175 5,60»,540 5,310,600
658.380
586,701
January...
82,127
67,008
Pere Marquette.. Ithwk Feb 234,711 205,974
Buflalo AStisq...
1.005.581
1,055.976
February..
e0,716
88,728
PhilaBalt&W'sh January
1,056,540 956,040
Oal North w'n. ...
51.901)
43,500 2,629,400 2,158,400 Phlla 61 Erie
Januar.y ..
4;<9,071
Canadian North.. Istwk Mai
449,179
Canadian Paoiiic Utwk Mar 887.000 727,00t; 34.313,524 31,071,949 Pittsb C C & St I. January... 2,083,001 1,839.942
207.500 194,.500 7,142,650 6,759,168 Raleieh & C Fear December.
Cent'lof Georgia l^twkMar
3,809
4,07b
Ceut'lof N.Ierse.y January... 1,073.993 1,539.900 13.046.182 12,679,575 Reading Railway January... 2.957,516 2,513,730
2,155
83,262
76,644
2, 193
Coal kk IrCo.... January... 2,984.780 2.9y7,578
Chattan Houth'n. Istwk Mar
Chesap&Ohlo... January... 1,652.559 1,552,429 12,110,964 11,201,993
Total Both Cos .faaiary... 5,942,290 5,511,308
709.808 908,103 7,051. 274 0,985,819 Rich Fr'ksb & P January ..
10i,405
120,081
Chic & Alton Ry. January...
Ohio Gt Western. Istwk Mar 136.474 153,908 5.204,235 5,739,905 Rio Grande Jet.. December
46,618
52,395
90,899 3.743,449 3,627,530 Kio Grande So... istwk Mar
ChioInd&L'v... Istwk Mar 102.992
9,129
7,084
Chic Milw & St £ January... 3.650,000 3,652,43f 30.277.382 9,856,095 Rook Isl'd Sys.. f anuary. . 3,471,855 3,476,079
January... 3,872,605 3,792,662 33,461,711 33,019,950 Rutland RR
Chic& North
December
ChioStPM &0. January... 929. 59J 919,678 7,429,727 7,377,929 St Jos&GrI
January ..
96',e69
1 18,238
26,441
25,733 1.038.309 1,092,522 St L «fe San Fran q J anuary. 2,979,676 2,911,300
Chic Term Tr RR Istwk Mar
Cln N O & T Pao. Istwk Mai 142,051 130,427 4,987,109 4,58b,290 St L Southwest.. 2d wk Mar 161,636 139,394
1,614,816 1,368,419 13,756,104 12,438,551 Seaboard Air L.. December 1,120,399 1,100.201
CI CinCh& Ht L. January.
254,997 229,007 1,782,518 1,775,083 Southern Ind
Peoria & East'n January.
•''ebriiary.
105,687
97,207
Colorado <feSoutl. IstwU Mar 118,215 104,841 4.261,628 4,193,908 So Pacitic Co 6... .lanuary.. 7,188,»61 7.134.171
132,251
137,429 Southern Rallw'y Istwk Mar 984,403 923,393
16.898
23,137
ColNewb &Lau. .lanuary
39,183
311,935
279,810 Texas Central ... istwk Mar
44,802
8,3i»5
Copper Range... December
11,096
46.303 Texas & Pacilio.. 2d wk Mar 231,040 222,5-9
4,203
30,766
January ..
3,217
Cornwall
145,157
146,547
21,146
14,257
Corn wall & Leb January ..
TexS V
W .. January
12,000
16,100
64.771
Denv. &RioGr... Istwk Mar 281,700 253,000 11,690,233 11,525,806 Tol & Ohio Cent Istwk Mar
54,910
72,840
561,038
567.368
January.
76,905
TolP .fewest .... Istwtt Mar
22,309
24,776
Det & Mackinac.
26,485
33.300 1,047,567 1,106.738 TolStL<te
63.291
Detroit Southern otwk Mar
Istwk Mar
64,005
49.001
38,811 1,794,740 1,770.483 Tor Ham & Bud 3d wk Feb
Dul SoBh»&Atl.. Istwk Mar
10.994
7,705
January.. 3,376.811 2,956.330 27,12y,347 20,803,103 Jn Pae System .. January. 4,472,006 4,093,778
Erie
3,337
4,171
21,704
20.130 Vandalia RR.—
F'rchild <te N'r'e'i! January...
48,840
7,958
0,929
40,448
348,679 330,098
Farmv & Powhat Deceoiber.
St. Louis Div. January.
36,630
405, --lo
45.410
433,730
Terre H. ife Peo Jaiiuaiy...
48,117
51,196
Fon John8t& Gl. January ..
FtW&DenvCiu Jauuaiy... lij6,24J lb3,845 1,545,668 l,(;71,y99 Virginia & So W'u February..
49,121
41,460
178.724 211,580 1,473,332 1,401,970 Wabash
January.
Georgia RR
2d wk Mai 428,775 390,140
Ga South ife Fla. February.. 130,277 149,903 1,145,110 1,153,719 W Jersey <te Sea'e January .. 195.610 200,711;
57.4:^7
35,843
2(1 wk Mar
07,215
Gila ValGiSi N.. October...
WheeUfc LE
80,28,
13.325
13.470
Gr Trunk SyHtem stwk Mar 614,632 469,540 23,910,920 23,144,9'39 VVm'.iporl & N.Br Ueceuil)t-r.
92,804 3,347.891 3,529,449 VVi-scousin Cent.. January,.
458,011 4sO,301
Qr Tr. West'n Ithwk Feb 103,59^
12,617
14.642
DetGrH&M. Uhwk Feb 20,60:1 20,094 997,s98 889,642 A'rightsv & T'n.. January.
544.832 714,790
Great Northern February.. 2,376,297 2,056,738 28,345.472 27.418.174 Yazoo <<" Miss. V Ff hriiarv
Montana CeMl'i Februajy., 177,400 184,604 1,561,200 1.403.831
Total svstein. February.. 2,553.703 2,241,342 29,906.078 2t*,SS2.005 VARIOUS FISCAL YEARS
Period
38,094 1,258,233 1,275,962
41,040
Gull&ShipIslaud IstwJi Ma;
87,055 102,990 4,181.543 4.122.100 Allegheny Valley
Jan. 1 to Jan.
Hockinp Valley.. Istwk iV. ar
Mar. 1 to Dec.
Illinois Central.. February 3,555, S7!i 3,70 ,-,75" 33.5l2,24a 31,391,309 .ktlauta <fe Charl Air Line
18,421
25.573
189.324
152.074 Atlantic & Birmingham
Illinois Souther). February..
Dec. 1 10 Jan.
924,M28 Belletonte Central
154,7711
147,00;
1,023,141
Indlll & Iowa... January.,
Jan. 1 to Feb.
wic
82.179
M ar 98,050
4,502,511 4,398,217 Chic St P Minn & Omaha
Jan. 1 to Jan.
Int <fc Gt North'ii d
12.").3li5
123,4
3,936.175 3,926,939 International & (i r North'n. Jan. 1 to Mar.
;interoc(Mex)... Istwk Miti
5J,420
Mai
46,984
of
Mexico
Istwk
1,752,781 1,660,393 Interoi-eauic
Iowa Central
Jan. 1 to Mar.
28,335 1,193.981 1,121,205 Lake Erie & Western
30,798
Kanawha &, Midi Istwk Alar
Jan. 1 to Deo.
520,41b 563,053 3,895,914 3,849,304 Alanistee & North Eastern.. Jan.
Kan City South'ii .lanuary..
to Jan.
442,190 438,492 2.645.703 2,770,983 Manistiq ue
to Feb.
LakeKrif&Westii December
Jan.
to Jan.
Lehigh Val RR. Januaiy. 2,323,851 2,038.884 18,127,96 17,295,029 .Maryland & Peuusjlvania.. Mar.
31.317
32,629
207,144
320.116 {Mexican International .. .. Jan.
to Jan.
Lexiug ik £ast'u. January...
liic
Inc.
85.072
January.
M ex lean Ra way
to Feb.
Long Ihland
333,031
Jan.
58,521
477,943
Louisiana &. Ark. January...
68,140
371,409 JMexican Southern
to Feb
Jan.
795.570 760,085 26,235,470 25.795.527 Missouri Pacitlc
to Mar.
IfOulKV .it Nashv lutwk Mar
Jan.
12,24(
90,704
8,441
Central Branch
to Mar.
Macon & Birui.. F«ibruary.,
96,774
Jan.
5.802
4,282
34,187
Man'teeAUr. i\Hp November
37,332
TotaL
to Mar.
Jan.
241.798
42,677
41,807
231,922 JNational RRof Mexico
to Mar. 7
Manih & No Eas January.
J an.
0,49t
5,522
February.
57,179
to Jan. 31
Manirttique
52,875 Northern Central
Jan.
19.440
18,330
192,575
187,964 ePennsy., East ot P & E
Jan.
to Jan. 31
Maryl'd <k Penn. Jan ary...
E
eWestot
to Jan. 31
J.Mexioan Cent'l.. January... 2,246,62 2,118,495 14,716,553 14,636,544
Jan.
to Jan. 31
533.826 582,623 3.863,410 3.953,896 Phila Baltimore & Wash
JaiL
J Mexican lutern. J anuary.
Wk Feb 25 127.800 124,400 3,Srt5.10( 3,741,100 Philadelphia & Erie
to Jan. 31
JMexIcan Rj'
Jan.
27,7333,915
740,843
to Jan. 31
JMexicaijaonili'ii 4thwk Feb
724,418 Pitts Cin Chic <fc St Louis
Jan.
40,8fi9
5,124
MlUen A: So'w'n. December.
0,347
27,402 Rio Grande Junction
Dec.
to Deo. 31
471.2X3
9,872
Mineral Range.. Istwk Mar
1 3,4U1
394,577 Texas & Pacitic
to Mar. 14
Jan.
.57..')85
Minneap A 8t L istwk Mar
49,701 2.042.720 2,030,073 Vandalia RR.-St L. Div.... Jan.
to Jan. 31
Peoria
Mo Kan <& 'iexan Istwk Mai 340,454 290,944 14,059,878 12,809.011
Terre Haute At
to Jan. 31
Jan.
MoPac&IronMi Istwk Mar 695.000 053,000 29,006,994 29,416,285 West Jersey & Seashore
to Jan. 31
Jan.
Central Brand Istwk Mar
27,000
30,000 1,053,000 1,295,000
Total
Istwk Mar 722.000 083.000 30.059.994 30.711.2-5
Ann Arbor
AtohTop&SFe.
July
Previous
Year
?
StM. Istwk Mar
Mob Jack Jc K C. Wk Feb 25
207,734 1,603,243 1,672,404 Mobile
Ohio... Istwk Mar
891.890 Nash Oh & St L.. February..
919,571
119,287
53,958
Earnings
.
.
/«c;.l,42
8,389,423
8.087,278
4,696,710
14,573,446
24,816
21,128,707
19,871.984
41,000.751
818,474
310.337
332,935
26,911,930
1,352,073
5,033,307
262.739
5,378.109
0,737,411
7,720,507
129,882
21,343
51,980,614
3,915,728
1.464,183
13.100,928
5,967,490
32,584,385
124,273
3,503,784
0.944,992
7.300
7,411,349
7,981,873
4,622,363
14,558,918
24,160
20,177,698
18,718,529
38,896,227
780,101
329,078
317,739
28,440,004
1,329,489
809,534
21.753,716
5,707,943
749,784
23,604,028
6,279,405
0,583,921 6,156,7.59
954,569
800,959
56,658,994 .07,015,455
33,020,092 31,474.420
004,306
573,029
9,401,251 9,093.301
96.200
102,100
2.73S,429 2.516,492
908,710
914,034
2,581,903 2,208,450
420,056
382,600
36,005,374 34,085,165
.
;
.
;
.
i 1
P&
AUOKKaAXl!;!^
WEEKLY SUMMAKIE.S
2d week Deo. (48 roads)...
3d week Deo. (4'< roads)..
4th week Dec. (48 roade)
. .
Isi
2d
3d
4th
Ist
2d
3d
4th
Ist
Meek
week
week
week
week
week
week
week
week
J
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Mar.
(44 roads)...
i47 roa<l8)...
(4«> riuidM)...
(51 roads)...
(4 8 roads)...
(40 roads)...
(4'5 roads)...
(50 roads) .
(43 toikIb)...
Mexican currency,
operated,
OF
Current Year Previous Y'ar
.
CiUOS.oi
Jnc. or JJec.
HAltiMNGS— Week iy and
MONTHLY SU.M.MAUIES
P.C-
$
9,021,499
8,927,835
12,958,404
7.186,669
7,365,918
7,019,207
ll,351.44:i
7,013,165
0,744,568
6,943.146
8,878,591
7,832,079
8,362,002
8,288,087
12.'176,020
6,730,801)
7,624.696
7,479.313
10.493,163
0,973,620
7,251,543
7.112.251
9,475,024
7,051,359
+ 659,497 7-89 Month Mar. 1904
7-72 .Month Apr. 1904
3-87 Month May 1904
6-77 Monrh Juno 1904
—258,778 3-39 Month July 1904
-+ 139,894 1-87
Month Aug. 1904
+ 85H,28o 8-18 Mimlh Sept. 1904
+ 39,.545 0-57 Montii Oct. 1904
-.506,975 7-00 Month Nov. 1904
+ 639.74+ 482,384
+ 455,869
-1()9,105 2-38 Mouth
—597.033 6-30 Month
+780,720 11-07 Month
(125
(127
(128
(108
(125
(122
(124
(124
(124
Dec. l'.>04 (123
1905
(116
.lau01
Feb. Iy05
(
379,55»>
422,884
18.088.1 :o 16.32S,203
2,727,816
3,103,705
91,408
3,989,341
116,315
5.9fe9,623
Current
Year
2,736.416
3,067,795
90,609
3.928.804
105,021
5,499,658
Previous
Year
Inc. (till 2,784
$3,052,435 $2,822,899
170,599
118,073
10,018
10,149
919.678
929.594
1 ,027.829
1,063,011
1,064,777 1,135.017
4,970,992 5,218,728
41,807
42,077
12.548
9,729
292,637
290,590
582,023
533.826
990,700
975,000
190.748
187,261
6,503,000 7,412,000
321.000
222,000
G,725,00u 7,733. 0<»0
2.104,539 2,129.869
697,330
740,036
9,310,774 8,473,874
Inc. 7 96,500
956,040
1,050,540
449.179
489,071
2.083,001 1,839,942
52.395
40,61o
2.464,894 2,584.079
330.098
348,679
48,117
51,196
200,710
195,610
.
VIoaitltly.
Current Year PreviousTar
rde.) 133,2' 8.211
Ids.) 132,433,290
rd.s.)
417,308
402,803
Inc. or Vec.
—4,349,819 3-18
-3,724,7,3 2-77
130,935,613 134,60O,38(:
b Includes the Hous i\c Tex. Cent, and its auba'^- lines lu both years and for both oeriods.
y Includes the Chicago <& Eastern Ultnois In both years.
C
—75,823 006
133,294,034
130,783,139
rds.) 113,351.491 114,280,17."'
rds.) 132.242,621 1.39,712,599
rds.) 145,292.493 144,558.473
rds.) 151,475,024 147, 338.5. it,
rds.) 159,732,959 154,75s. 62rds.) 1,54,304.117 140.9O'.M7(.
rds.) 146,748,102 I30,ri89.(i40
rds.) 127,073,058 119,220.0/rds.)
43.651,281 44,914,739
/'.
— 928,(JS4
-
81
7,40!l,9T..< ;)-35
+ 734.020 0-51
+ 4.13(>.-;88;2-81
+ 4.974,337 13-21
j
13.394,041 9-51
+ 9,m58,4(>2 7-20
-r7,852,!)80 6-5(j
—1,263.458 2-81
« Ci'^ers lines directly*
Mae.
THE CHRONICLE.
18, 1905. J
1105
Lateul «ro88 e^arnliigrB bj Weeks.— In the cable whioh
follows we sum up separately the earnings for the first
week of March. The table covers 43 roads and shows
11*07 per cent increase in the aggregate over the same week
I
— Gross Earnings. —
Current
Previous
Yea?:
Year.
,
Net Earnings.
Current
Previous
Year.
Year,
Roads.
$
$
$
$
604,777
482,979
Bufl. B. & Plttbs.b Jan.
164,073
188,818
July 1 to Jan. 31.... 4,813,629 4,525,736 1,941,621 1,958,978
82,127
anflalo&S'saneti.a Jan.
67,008
16.225
16,261
last year.
6c8,380
July 1 to Jan. 3i....
586,701
220,059
208,633
Inereate.
Beerecue.
1904.
89,= 94
1905.
California «k N. w.a. Jan.
99,005
8.119
6,473
1st week of March.
967.248
924,865
July 1 to JaiL 31....
267,918
238,957
s
»
»
264.000
211,800
Canadian Northern. Jan.
88,500
76,200
67,016
83,958
13,058
Alabama Gt. Bontbem..
811,400
July Ito Jan. 31.... 2.362,700 1,939,800
673,800
85,872
27,133
8,739
Ann Arbor
CanartiftiiFaoino.a Jan.
3,252,502 2,896,599
422,6^9
357,652
14.5.175
846
••»• «•»•
14«,021
Buffalo Roch. <& Pntsh's
July Ito Jan. 3i.... 30,404,524 27,803,087 9,567.416 9,025,701
13.600
8,400
5»,900
Canadian Nortnem
160.000
727.000
744,973
807,205
887.000
89,671
Gent, of Georgla.a Jan.
187,337
Canadian Paolflo
194,500
13,000
207,500
6,229,033 6,730,20^ 1,790,766 1,469,667
July I to Jan. hi
Central of Oeor^la
2.193
38 Cent.ofN Jersey.b.Jan. 1.673,993 1,539,930
2,155
Chattanooga soutliftm..
7l9,7,i2
608,972
1.'j3,908
* * »
136,474
17,434
OlUcs^o wrsat Woatsm
July 1 to Jan. 31..., 13,046,182 13,679,678 6,323.093 5,686.572
90.899
12,093
102,992
Ohio. tDd'plls & Loulsv..
7,034
9,172
def.1,614
Jhatt'n'ga Soath.aJan.
def.60
70!25.733
26,441
Chic. Term. Transfer....
74,758
65,626
8,987
July 1 to Jan. 3i...
81
11.624
180,447
142.051
Oln. N. O. <fe Texas Pao.
104.844
13,371
118,215
1,652.559 1,652,429
50,191
Ohesap. & Ohio. b.. Jan.
469,724
Colorado & Soathem....
2.53,000
28,70t
•« »•
281,700
Denver & Rio Grande .
July 1 to Jan. 3i... 12,110,964 11,201,993 4,446.739 3,803,698
26.48
33,300
• -••
6,815 Chicago & Alton. a. Jan.
Detroit Sonthem
769,803
908,103
161,^83
251,612
10,790
88,811
49,601
DalutD 8o. Shore * A.tl.
July 1 to Jan. 3i... 7,651,274 6,985,819 2,685,921 2,351,563
Gr'nd Tranh of Canada i
59P,994
590,2£0
121,469
111,472
hlo. Gt. West'n.b.Jan.
469,540
145,092
614,632
Grand Trunk West,.. >
July 1 to Jan. 3i... 4,691,218 5,061,896 1,422,182 1,392,553
Det. Gr. Hav. & SIllw. ^
4l,04(
38.094
2,952
380,514
348,530
91,879
76,930
Chla. ind.dcLiuuis.a Jan.
Golf & Ship Island
102.990
87,055
15,935
HooklnK Valley
July 1 to Jan- 31... .^,293.478 3,178,516 1,238.575 1,200,716
9,83'?
83,617
92,450
International -b o-t.No..
3.656,000 3,652,438 1,104,853 1,155,937
Ohio. M. <9i8t.P.a..Jan.
123.437
1,938
125.366
**«• >•*
Interooeanlo (Mex.)
July Ito Jan. 31. ...30.277,382 29,856 095 ll,6a8,>*47 11,411,032
46,981
6,436
52,420
lowaUentral ..
..
116.561
112,504
44,428
14.381
Ohio. ler.irituBX.to Jan.
2,46r
28,335
30,798
Kanawna <b Uiom^ran..
906,461
955,438
336,661
334,876
July 1 to Jan. bl...,
35,4H5
760,085
795,670
LoulsvUie & NashvlUe..
13.40>
9.872
3,529
Mineral Ran^ire
Ctn. New Orl. & Tex. Pao.— See under Southern Ry. System below.
49.761
7.824
67,585
KlnneapoUs & St. Ix>til8
ai.01n.Chl. dcSt.L.bJan.
1,614,816 1,368.419
337.092
76,163
149,40tt
111,605
37.80
Minn. Ht. P. & 8. 8te. M..
254,997
229,067
Peoria&£aB'n..b.Jan.
90.067
38,181
290,944
55,510
346.451
Mo. Kansas & Texas....
42,000
695,000
653,000
510,941
416,452 dl30,903
Mo. Pacltio & Iron Mt..
:)otor'do&8outh.b.Jan.
d95,001
30,000
27.000
• •••
3,000
Central Branch .....
July 1 to Jan. 8i.... 3,714,830 3,689,944 dl,O61,043 dl,022,281
129,800
..
140,05?
10,252
• s»* « >
Mobile .teOhlo
2.990
Oolum.Newb.&Li.b.Jan.
16,898
23,137
4,262
226,164
4l^
RR.
of
Mexloo..
226.579
National
132.281
137,429
29,626
40,104
July 1 to Jan. 3i..1,446
Soannern.
7,684
Grande
9.129
Rio
12,403
Copper Range. a ..Dec.
44.802
89,183
8,611
148,169
10,220
158,379
8t. LoTJieSoathwoHtem.
131,135
279,810
119,863
311,935
July Ito Dec 3l....
984,40;-<
923,893
61.0U
Southern Railway .,„..
2,701
8,396
Texas Central
11.096
def. 2
3,217
4,203
353
Cornwall.a
JaiL
238.23.'>
214.530
23.705
Texas & Paolflo
5.325
30,766
46,303
13,786
July 1 to Jan. 3l....
54,910
64,771
9,861
T >ledo (4( Ohio (3entral.
8,620
4.948
Oora wall & Letian.. Jan.
21,146
14,257
22,30t24,776
Toledo Peoria * '^ast'n.
2,467
146,547
56,833
66,931
146,157
July 1 to Jan. 31.
64,065
Toledo 8t. L. <Si West....
63,291
774
Oen.AKloG'de b...Jan. 1,346,817 1.218,328
653,506
487,977
370.972
Wabash
425,643
64,571
.„
*•»
July 1 to Jan. 3l.... 10,328,933 10,206,406 4,335,938 3,981,935
66,87t.
....
Wheeling (b Lak e Erie.
78,687
21,811
18.092
22,702
Detroit & aiack'o.ajan.
76,965
72,840
827,18o
Total (43 roads)
7,051,3d9
46,463
7,832,07:
176,268
186,963
561,038
567,368
July 1 to Jan. 31....
Net increase til 07 p.o.
--..
780,720
..•» - ..
69,235
44,316
Oul, do.Bh.&Atl.b.Jan.
178,356
199,901
508,090
529,168
July Ito Jan. 3i.... 1,561,403 1,586,892
614,404
187,279
3,376,811 2,9.''.6,330
For the fonrth week of Febraary our final statement covers ene.a
Jan.
July Ito Jan. 3i. . ..27,129,347 26,80;», 103 7,892,686 7,020,000
50 roads, and shows 6*30 per cent decrease in the aggregate
1,790
2,116
Falrchild&N. East. Jan.
3,387
4,171
from the same week last year.
4,882
20,130
6,434
July Ito Jan. 31....
21,704
def.l7
2,120
Farmv.dsPowh'n.a.Deo.
6,929
7,958
5,472 def.3,768
4<A week of February.
40,448
July 1 to Deo. 3 1....
48,840
1905.
1904.
Increase
Decrease.
6,320
14,248
Fon.Johnst. & Gl.a.Jan.
45.410
36.630
$
216,358
203,379
405,815
July 1 to Jan. 31....
433.730
PrevlonBiy rep'<S»42 rd's) 8,297,127 8,88«.27C
947,952
S58,80&
37,149
48,078
198.249
183,845
Al»u»iua '^t. Hoatbein
73,516
93,901
17,385 rt.W ADen.Oliy.bJan.
420.693
588,706
July 1 to Jan. 3i.... 1,546.668 1,671.999
Ala. N. O. <fe Tex Pao..58,440
211,580
30,0 8
NewOrl. & No. East..
178,724
Jan.
78 Georgia BR.a
72,656
72,734
433,221
443,137
Ala. & Vlcksburg
July 1 to Jan. 31.
1,478,332 1,461,970
45.287
8.954
86,33^
Vlcks.Sh. <fe Pao
51,654
39,013
12.641 Georgia South. & Florida— See under Southern By. System below.
Oln. ». O. A Texas Pao..
159,14:.
192,113
32,970
443,S51
186,387
Or. Trunk of Can. .Jan.
2.004,998 1,729.067
Mexican Railway
11127,800 If 124,400
3,400
July 1 to Jan. 31... 17,236,16917,002,090 4,942,903 4,634,979
Mexican Southern
27.73533.91f
6,177
"'97?
31,632
46,718
406,352
Mob. Jackson ds K.. City..
Gr. Trunk West... Jan.
423,386
118.321
119,29 H
36,498
39,418
117,282
Det.Gr. H.&Mil.Jan.
127,015
Total '60 roads) ....... 8,878,591 9,476,624
933,187
396,154
37,968
31.800
145,648
GxUf & Ship Isl'd.aJan.
146,801
Net decrease i6-30 p. o.).
697.033
402,128
275,777
July 1 to Jan. 31... 1,092,652 1,091,904
74,129
78,810
3'?8,113
rlooKing Valley. a. Jan.
406,799
H Figures are lor week ending Feb. 25.
July 1 to Jan. 31..., 3,703,741 3,617,182 1,312,453 1,23.%222
4,08.=i,967 3,651,170 1,105,002
853,337
Illinois Central... a. Jan.
Net Earalag^s Monthly to LanesC Uates.— The following
July 1 to Jan. 31... 29,956,569 27,683,552 9,889,706 7,215,172
31,918
51,568
147,069
154,770
shows the gross and net earnings to latest dates of all Steam (nd. 111. & lowa.a. Jan.
187,442
311,029
924,828
July 1 to Jan. 31
1,0:^3,141
railroads furnishing monthly statements. The compilation
Interooeanlo Railway of
160,330
103,663
510,952
Mexico
483,433
includes every road from which we can get returns of this
Jan.
r29,649
r32.913
206,349
212,037
character, and in that form is given once a month. Early Iowa Oentral.a... Janr268,545
July 1 to Jan. 31
1,536,205 1,422,760 r2i2,463
returns are published from week to week, as soon as issued, Kanawha <fe blicb .a. Jan.
320
2.230
110,325
132,714
129,807
123,889
994.188
July 1 to Jan- 31.... 1,038,454
but for the convenience of our readers all the roads making
141,347
185,485
563,053
Kan. City South. a.. Jan.
520,418
returns are brought together here in the week in which we
July 1 to Jan. 31.... 3,895.914 3,849,364 1,169,131 1,086.774
publish our monthly article on net earnings—say about the Lehigh Valley RR.bJan. 2,323,851 2,0i8,864 749,885 8182,334
July 1 to Jan. 31.... 18,127,987 17,29...029 87,299,380 83,336,326
23th of the month.
11,061
4,058
31.317
32.629
Lexiag'n (S East. b. Jan.
*
aro.in Earn ill qs.
66.426
Nel Earnings.
78,745
320,116
267,144
July 1 to Jan- 31...,
Previous
Gun-enl
Prtvimis
CiirreiU
Inc.
64,267
85.072
Inc.
Longlslandb.
Jan.
Year,
Year,
Year.
Year
Inc. 261,9c>6
Inc. 333,031
July 1 to Jan. 31....
£oada.
$
$
$
$
58.521
21.804
18,789
68,140
Lonls'naA Arkan.aJan.
Allegheny Valley.. Jan.
Inc. 112,784
Inc. 119,896
371,403
181,740
83,805
477,943
July 1 to Jan. 31....
Ann ATDor.b
32,940 Loulsv.* Hash v.b Jan. 3,160,235 3,068,285 1.018.6S6
Jan.
162.807
146,296
63,496
933,636
July 1 to Jan. 31
363.312
1,183,212 1,209,996
416,435
July 1 to Jan. 3l-.,..22.69»,6C0 21,921,515 7,637,219 7,01«,545
Atoh. T * 8. Fe . b Jan. 6,407,741 5.407,329 11,568,410 f 1,807,374 Manistee &Gr. Rap. Nov.
491 aef.1.490
6,802
4,282
July 1 to Jan, 31
40,022,828 41,21v,599 tl4.l48,773 tl6,42n,864
37,332
2,451
def. 8,4 8 6
34,187
July 1 to Nov, 30....
Atl'ta & Char. A. L.aDec.
123.716 aanlstee&No.E.a.Jan.
331,968
130,0)0
332,835
41,807
18,033
20,170
42,677
July I to Dec ai..». 1,902,921 1,761,402
657,327
644,436
1.780
6,496
1,327
^,^22
Feb.
iJamlstlque.b
Atlantic & Blr. RR.aJan.
14,616
82,605
24,241
58,105
4,401
12,548
def. 758
9.729
Jan. 1 to Feb. 28....
July 1 to Jan. 31...,
121,118
589,950
394,480
186,113
3,189
3,120
18,336
19,440
Maryland & Penr>.. Jan.
Atlant. Coast L. a.. Jan.
611.39=i
6=15,081
1,766,227 1.726. '7.3
86,'>26
89,120
290,590
292,637
Mar. 1 to Jan. 31 ...
July 1 to Jan. 31... 12,271,047 11,403,283 4,379,717 4,194,775
744,604
463,064
Jan. ' 2,246,627 2,118,495
c •Mexican otTt
Baltimore & ^.nnapollt
1 to Jan. Si... 14,716,553 14,636,544 4.462,588 3,371,015
July
Short Llne.a
Dec.
4,908
13,708
3.648
13,434
233,514
181,738
682,623
633,826
July Ito Deo. 3l .^
27,731 c mex. interuut'l... Jan86.038
27,976
80,996
2,512
1,753
5,124
6,347
Bait. & Ohio Co. b. Jan. 6,168,171 4.410.818 1.354.289
871,747 Millen&Southw.a.Dec
10,910
27,4o2
10,070
40,889
July 1 to Dec. 31....
July 1 to Jan. »i ... S9,70i!,904 38,826,369 14,254,396 13,600,193
9,278
1,685
48,435
55,338
BangorA Ar 00 Bf k b Jan.
47.934 Mineral Range. b... Jan148,323
38,761
155,081
33,961
116,809
333,654
405,641
July 1 to ^an. 31....
July 1 to Jan. 31.... 1,201,414 1,141,700
426,238
430,134
t65,442
v66,144
206,626
222,324
Bellefonte Cent. b Feb.
4,S81
1,837 Minn.&at.Lonls.a.Jan.
1.357
5,089
July Ito Jan. 31.... 1,800,233 1,802,140 V705.437 v736,113
Jan. 1 to Feb. 28..^
•2,425
10,149
3,168
10,018
307,424
181,024
484,834
662,828
Bridgt. & Saco R.b. Jan.
626 M. St.P.&B.B. M.b Jan.
2,931
371
3,355
July Ito Jan. 31.... 6,302,524 4,519,652 2,771,7ti4 2,803,652
July 1 to Jan. 31....
9,678
28,498
27,201
8,949
-.
.
.
.
()
—
.
.
—
,
-
UOiJ
THE CHRONICLE.
— Gross Earnings, —
Roads.
Current
Previous
Year.
Year.
$
$
«/.*!*^^ JiUUary aaainouai luoomu l/. *4,0l»6 cum vt>ar a.;jn.i»r,
y^*'^fo^i.Jiily 1 to Jan. 31 additional liioome^iB
P^ULV^vf,'
$o3.533 this year, against $43,361 last year.
» Including other Income, total Income (exclusive of results
of coal
Net Earnings.
Current
Previous
Year.
Year.
companies) for Jan.
la $778,535 In 1905, against
$636,839 in 1904.
^ t? ^'''i- 3^ *« *7,fe39,305 in 1906, against
Ik
7iTi'^f^*?^
Z'^ ^^'^^
»b,711,ll5
In 1804.
Deductions rrom total Income for additions
were $30,688 in January. 190 >, against $57,667and
In
iQ^J°^^^1°*^
*" January 31 were $780,164 In 1905, against
Ho.Kan.&Texas.a.Jan,
1,456.081 1,493,749
194,657
365.168
July 1 to Jan. ill. ...12,373.587 11.134,274 3.584,853 8,242,619
Mo. Pao. System. b. Dec. 3.752,161 3,692,352 1,371.419 1,321,930
Jan. Ito Deo. 3i.... 43,693,616 43,085,768 13.287,576 13,680,765
Mobile & Ohio—See under Southern Ey. System Delow.
Hash. f^h.&Bt.L.b. Jan,
807,314
907,641
207,193
222.391
July Ito Jan. 31... 5,990.920 5,918,760 1,642,495 1,683,020
eWat'lRR. otMex..Jan.
997,862
972,384
323.721
231,144
Nev.-Cal.-OreKon aJan.
10.022
9,758
1,389
1,531
July Ito Jan. ol....
134,624
122,239
61,630
51,891
Nevada Central. ..Jan.
2,294
1.738
816
,11
July 1 to Jan. 3l....
19,411
21,348
6,563
4,689
V.
N.
ont.* WePt.aJan.
491,213
449,094
79.848
36,588
July 1 to Jan. 61.... 4,150,680 3,916.728 1,235,841
894.406
W. Y.Sna. & Wear.a Jan.
222.839
195,522
60,261
66,779
July 1 to Jan. 31.... 1,528,966 1,464,183
530,962
561,175
Norfolk* WMt'n.b.Jan. 1,900.395 1.777,597
698,347
625,243
July 1 to Jan. 31. ...13,711,835 13,160,928 5,497,668 5,289.128
Sonhern Central bJan.
740,036
697,336
85,428
35.628
Ohio Elver & West Jan.
13.111
13,161
2.261
2.646
July 1 to Jan. 31....
122,466
124.273
28,207
33,922
PaelfioOoast Company -SeeMlsoellaneous OompanleH.
[Vol. lxxx.
$403:6*'5 in
?9oi^
additional income Is $16,050 this year, against
*,^
^**^- ^'•«°^./°ly 1 *« Ja'* 31 additional ^oo^iSfi;
*7^*v«^.'Sf
« mo «
$74,v;6i this year against $81,659 last year.
$274 ''other income" for January this year, against
«^^n°,*'i'V^®®
'^"'^ ' '" •^*'^- ^^ *2'««* *^^« ^*"'
SZat'S'IllstVear.^"''"'
^^"^ •^^'''^"y
""? fl.377,803 against $1,594,455*
00?''=*, n*P°'^i^^ ^'^^^^ ^"^^ rentals
S?l
$15,088,510
last year.
•
«
ing, also report charges for interest, &o.,
deficit below these charges.
with the surplus
above or
-
— ^£al. of Net Earn'
Int.. Rentals, etc.
Oiirrenl
Previous
Year,
Roads,
1,751,934
1,144,634
Inc. 308,400
158,383
99,388
20.248
10,987
383.100
390,476
946
1,511
9,837
10,962
J ul y 1 to Jan. S^'. llol:
$12,860,856 this year,
against
n
*
Interest Cbarges and Surplus.—The following roads, in
addition to their gross and net earnings given in the forego-
Pennsylvania—
Llnesdlrectlyoperated
JEast of Pitts. &E Jan. 9,310,774 8,473.874
Weetof Pitts. AEJanInc.
796,500
Phll. Bait. & Wasb.b Jan.
1,056,540
956,040
Phlla. & £rle.b.... Jan.
489,071
449,179
From
Is
$
27.550
191,564
14.537
101,763
45,715
326,889
330
660
543
Ann Arbor
as.-.
Current
Previous
Year.
Year.
Year.
$
$
$
Jan27,124
*36,895
*6,731
July 1 to Jan. 31. .„,
206,858
*230,898
*162,14I
Atlantic ABlrm
Jan.
9,167
9,704
8,449
July 1 to Jan. 31... .
47,125
84,361
73,993
Pitta. O. C.<b St. L.aJan.
2,083,001 1,839.942
Bangor & Aroost'k. Jan46,001 def.6,954
1,933
Ealeigh <Sc 0. Fear.aDeo.
3.809
4,078
July 1 to Jan. 31...,.
381,704
104,245
94,634
July 1 to Deo. 31
24.816
24,160
BeUfifont© Ceurral.Feb.
860
1,027
1,477
Reading Company—
Jan. 1 to Feb. 28...,
720
2,608
1,708
Plilla.& Bead'g.b.Jan.
2,967,516 2,513.730 1.304,859
880,864
607
July 1 to Jan. 31. ...21, 128.767 20,177,698 9,986,247 7,774,6»3 Brldgt. & 8aoo Rlv.Jan.
def. 172
119
July 1 to Jan, 31...,
3,801
3,547
5,148
6,131
OoaI& IronOo.b Jan. 2.984,'?80 S,997.578
191.779
291,317
22,129
12,289
July 1 to Jan. 81 .. 19.871,984 18,718,629 1,876.237 1,730,548 Buffalo &B'8queh..Jan,
*d.445
•14,266
July 1 to Jan. 31
130,084
88.984
199,894
*221,540
Total both Co.'s.bJan. 5,942,298 6.511,308 1.496,638 1,172.181
California
& W. Ian.
27,047
26,1)5 def. 18,928 def. 19,642
July 1 to Jan, 31. ...41,000,751 38,896,227 11,361,484 9,505,230
July 1 to Jan. 31....
189,332
182,188
78,586
66,772
Baadlng Co.b
Jan,
116,160
116.076
11603,695
11563,383
July 1 to Jan, 31
114,167
825,7C0
828,518 Cent, of N. Jersey.. Jan.
45,589
July 1 to Jan. 3i
114,129,233 113,664,361 2,191,860 2,121,711
Total allCo.'i< b..Jan,
1.612,798 1,288.257
320,381
309,676
16,711 df 233,213
July 1 to Jan, 31....
12,187,184 10,383,748 Olev.Oln.Ch. & st.L, Jan.
Peoria &£a8t
Jan.
44,567
44,594
120,681
104.465
Rich. Fred. & Pot Jan.
80,513
45,600 def,6,413
23,905
8 J 8.474
July 1 to Jan. 31.—.
780,101
246,284
235,599 Copper Range
Dec.
8,433
8,438
3,965
73
July 1 to Deo. 3i
60,625
42,937
46,613
BloQrandeJunot.-Deo.
52,395
80,510
13,985
15,718
76,926
4,029
4,175
4,591
41,903
34,362
Rio GranQe South » Jan.
22,744
773
15,172 Cornwall & Leban..Jan.
July 1 to Jan, Si
28,154
28.591
288,269
28,679
277,208
145,682
37,343
July I to Jan. 3i....
120,687
342,213
336.712
1267,680
tl62.539
561.125
Rook Island Sv-'t.a. Jan. 3.471,855 3,478,079
674,052 Den. & R. Grande Jan.
July 1 to Jan. 31.... 2,419,087 2,335,445 f2,044,716 11,786,992
26,911,930 28,446,004 8,309,293 8,621,898
July Ito Jan. 31.
85.841
88.641 *dt.25,i09 *^f.43.322
90.669
118,238
16,766
25,735 Oul. 8o. 8h. & Atl.. Jan.
St. Jos. & Gd. Isl.b.Jan.
July 1 to Jan- 31
652,975
620,491 ' dfa5,079* df 107,263
749,784
809,534
174,879
147,379
July 1 to Jan. 31....
Georgia RR
Jana51,094
*7,087
a53,489
•43,215
St. ti. * San Fr. (Inolud.
July 1 to Jan. 31.... a361,7d7 aii6I,189
*129,ti82
•139,708
2,979,676 2,91 1,360
79?;,409
Ohlc. & E. Ill ).a. Jan.
777.070
July 1 to Jan- 81... .23,604.628 21,753,716 8,4fc7.8 77 7.304,261 Gulf & Ship Isl
Jan.
25,998
20,898
*6,380
•18,050
July 1 to Jan- 81
173,485
138,496
*106,511
*270.f)49
676.453
StLoulsS'weflt.b.. Jan686.371
128,780
232,780
July 1 to Jan. 31... 5.429,485 4,751,225 1,795,287 1,595,952 Hocking Valley
Jan.
69,825
74,8^7
*6,974
•3,434
July 1 to Jan. 31
541,512
585,383 * 1,122,920
•984,029
Seaboard Air LlneaDeo. 1,120,399 1,100,201
330,098
293,549
July 1 to Dec 31... 6,5t>3,921 6,156,769 1,96!?,538 l,6t)6,4S8 fn(liaiialll.& la
Jan.
23,124
22,874
28.444
9,044
July 1 to Jan. 81
165,182
160,116
145,847
27,.H26
13 3,063
97,190
Sonthern Indian a. b Jan.
44,784
31,557
84f,883
769,752
374,122
849,592 EanawhH & Mich... JanJuly 1 to Jan. 31...
19,766
20,398 df.*16,726 df.*19.317
July 1 to Jan. 31
140,004
143,799 df.*l 1,786 df.*a,807
7,188,861 7,134,171 1,846,859 1,795.8 iO
1 South. Pac.Co. a.. JanJuly 1 to Jan- 31... 56,658,994 57,015,455 19,141,637 18,818,595 Lont8l'na& Arkan.Jan11,350
10,370
no,8i6
•10,330
,Tuly 1 to Jan. 31....
79,450
•119,597
66,924
•28,221
Southern Rail way Syst.—
788.352
Southern Hallw.a Jan. 3,731,114 3.722.044
872,286 Maryland & P«nn..Jan.
3,875
2,875
def.755
314
Mar. 1 to Jan. 31
July 1 to Jan. 31 .. 23,660.943 26,';71,134 8,398,898 7,750,071
40,124
37,624
46,402
51,496
627,888
Ohlo.a.. Jan638.783
194,651
218,200 Aflneral Range
*69 •df.7.635
Mobile
Jan9,447
9,447
July 1 to Jan. 31... 4,852,305 4,664,667 1,649,079 1,490,920
July 1 to Jan. 31
66.127
66,608
*51,629 'df.32,230
584,341
505,641
132.416
127,243 Mo Kan.& Texas. .Jan.
Cln. N.O.&T P.a.Jan361.767
337,584 df.167,110
27,682
4,304,051 3,935,570
991,823
893.396
July 1 to Jan. 31.... 2,474,641 2,299.054 1,110,212
July 1 to Jan. 31..
943,565
252.415
271,584
46,465
44,199 STashv. Chat.&St.L.Jan.
Ala. Qt. South. a.. Jan.
150,503
149.881
56,691
72.810
1,952,146 1,816.617
369.887
407,192
July 1 to Jan- 31.... 1,053,516 1,047.870
July Ito Jan. 31
588,979
835,160
137,118
116,689
27,486
41,299 Nev.-Oal. -Oregon. Jan.
6a. Bouth.&Fia.a.Tan2,141
2,162
def. 762
def. 631
258,044
261,069
July 1 to Jan- 31....
18,116
16.313
July 1 to JaiL 31. ..c 1,014,839 1,003,766
46,514
36,678
69,886
79,367
30,647
84,207 «. Y. Ont. & West... Jan.
Jang64,457
Texas Central. a
15,391 def 18,780
e'55,368
545,918
610,567
218,747
161.923
July 1 to Jan. 31.... £430,836 S397,ft83
July 1 to Jan- 81...
803,005
490,823
252,969
233,659
5.151
9,375 Norfolk <b Weat'n.... Jan315.563
280,338
Toledo Ai O. Cent. a. Jan.
382,783
344,908
669,643
512,124
July 1 to Jan. 31
2,126,943 1,869,383 3.371.725 3,419,775
July 1 to Jan- 3i.... 2,436.567 2,232,331
.
N
.
.
—
.
.
&
—
.
Tol.PeorlaA West.bFeb.
95.952
886,401
July 1 to Feb. 28...,
Union Pao. Syst.a..Jan. 4,472,006
July 1 to Jan- 3l.... 36,005,374
55,199
Virginia & So'thw.b Jan368.742
July 1 to Jan- 31...
1,852.049
Jan.
Wabash. b
July 1 to Jan. 31... ,15,658,024
196,610
W.Jer8ey &. Seash.fr Jan.
320,317
Wheel. 4iL. Erie. b. JanJuly 1 to Jan. 81... 2,641,365
13,470
Wmsp'rtA No.Br.aDeo.
91,408
July 1 to Deo. 31....
458,611
Wisconsin Cent' 1 . b Jan8,989,341
July Ito Jan- 31
*7rlghtsv.<3i Tenn.bJan.
July 1 to Jan- 31
xl2,617
Xll6,316
Yazoo A Miss. Val.a.Jan.
816,463
July 1 to Jan- 81. .„ 6,444,791
a Net earnings here given
b Net earnings here given
110.915
14,804
24,482
889,868
182.468
200.072
4,093,778 2,029,032 1,813,503
34,085,165 17,243,743 15.9^7,970
27,927
12,360
39,9 i7
881.418
143,680
116,627
1,771,412
176,458
383,818
14,038,142 3,33.^,319 3.601,271
2C0,710 df.39,b96 df.29,896
571
32,957
289,725
500,742
2,646,622
761,192
13.328
4.418
3,640
27,737
23,354
90,609
106,032
104,893
480,301
8,928,864 1,417,554 1,321,718
xl4,642
2,902
4,128
xl05,021
26,872
40,894
176,670
268,154
758,167
4,784, 8t>8 1,666.016 1,247,117
are after deducting taxes.
are before deducting taxes.
c These figures are In Mexican ourrenoy, and are convertible into
gold at the current rate of exchange
dNet.after dedoctlng taxes lo $109,526 and $76,124 for 1905
and 1904 respeotively for January and $920,408 and $868,310
for period from July 1 to Jan. 81.
<b Texas Central and Its subsidiary lines are Included.
These figures Include results on the Buffalo & Allegheny Valley
Division In both years.
t
J
Houston
.
Reading—
All companies ...Jan.
865,600
July Ito Jan. 31.... 6,088.600
BloGrande Junot-.Dec.
8,833
17,633
Rio Grande South.. Jan.
July
1 to
Jan. 31
8t. Jos. <!liGr. Isl'd-.Jan.
July 1 to Jan. 3i....
Seaboard Air Line.. Deo,
July Ito Dea 81.
Texas Central
Jan.
July 1 to Jan- 81....
Toledo & Ohio Cen. JanJuly 1 to Jan, 81....
Tol. Peo. A W«Bt...Feb.
July 1 to Feb. 28....
Wmsport * No. Br. Dec.
July 1 to Dec 3i
Wisconsin Central.. Jan.
July Ito Jan, 31
888.261
3,196,848
(
7.708
17,833
126,907
19,217
137,419
295.212
747.298
126.687
21.200
149,427
25,482
•81,041
250,644
'481,995
1,487,629 1,452,659
28.064
2,683
2,683
18.083
193.664
18,083
39,064 * df.31.616
37,186
•436,572
277,078
268,992
23,493
23,266 def.8,689
193,326
184,492 def. 10,367
2,7*4
3,199
1,219
16,684
17,051
10,686
*
148,148 df.38,861
147,663
•416,801
1,023,318 1,021,886
•'
402,993
9,128,683 4,136,900
6,682
8,010
•312
*«.114
*25.053
•def.30
def. 4.434
6,818
(
9.960
*df.l,577
•123,329
81,624
143,840
*
df.22.003
•297.768
1.216
15,680
896
6,720
*
df.39.465
•831,448
After allowing for other Income received.
These tlgnres are after allowing for other income andfordleoount
and exchange. The sum of $10,000 Is deducted every month from
surplus and placed to credit of Renewal Fund.
*
t
1 Included In the fixed eharges in this fiscal year are expenditures
for renewals, additions and improvements amounting to $104,437 for
January. 19U5, against $tl8,916 In January, 1904, and to $963,183 for
period July l to Jan. 31 against $iZ7,348 the previous year.
a Charges here Include road-rental (paid by lessees) and other
deductions.
K These are net charges after allowing for other Income received.
Mar.
THE CHRONICLE.
18, 19!>5.]
Kiscellaneou^ Companies.
— Oross Earnings. —
Current
Previous
Year.
Year.
•
Year.
»
Year.
127,642
325,894
3,982,325
173,192
1,355,988
136.008
1,186,160
11.952
6,045
5,968
30,919
198,663
32,437
210,175
10,050
67,330
10,432
82,876
19,664
17,064
11,324
8.578
22,488
22,217
139,992
147,131
124,106
140,085
Jan. 1 to Dec. 31.... 1,542,053 1,217,442
23,023
25,121
Mexican Tel'phone.NoT.
204,895
222,054
Mar. 1 to Nov. 30....
10.227
67,443
49,337
587,329
10,230
97,787
72,033
485.815
34,571
209,592
67.561
757,892
23,592
167,149
49,420
680,618
Uas Co.
JaiL
Oct 1 to Jan. 31
Onmbeiland Telephone &
JanTelegraph Co
391,313
3,449.782
Apr. 1 to Jan. 31
EdlBon Eleo. lUam. Co. of
Brockton, Mass.. Jan.
14,543
Co
Jan.
Jaly 1 to Jan. 31
Houghton County
Mllwank. OasL. Co. Jan.
Minneapolis Oen. Electric Co....
July 1 to Jan.
Jan.
31
Faol&o Coast Co. a Jan.
July 1 to Jan. 31
Pocahontas Collieries
Company
a Net
By.(09,n.)
.
9,641
57,026
53,'212
7,658
97,167
64,575
.
.
.
.
.
62,957
56,084
354.643
403,879
434,057
406,061
3,722,799 3,503,784
22,192
218.097
18,954
Dec.
Jan. 1 to Deo. 31 ...
Month of Jan.
Wllkeebarre Gas & Electric...
Jan.
Tear.
.
El. Lt.
(Houghton, fiitch.) Jan.
Lowell Electric Light
Jan.
Corporation
Jmy 1 to Jan. 31....
Mexican Coal A O bDeo.
Date
PrevuKM
.
Works
Blver Gas
Fall
1 to Latf.»'
~9
9
January .. l-S.SSS 11.409
11.409
13,383
7,314
Mad. (Wis.) TraotJon February
6.85C
13.864
15.016
Met. West Side Elev.. February 169,«4'7 168,170
349.467 340,410
lilll.Elee.Ey.&Lt.Oo January .. 264,361 368.112
254,351 258,112
Mll.Lt.Heat&Tr.Co January .. 38,5V 8 30,062
38.523
30.062
bJontreal Street Ry.. January .. 203,235 183,708
203,235 183,708
di
Munole Hartford
February
11,226 11,278
Ft. Wayne
24,002
22,847
Wnsk.Tr.A Light. 00
December.
departments.
rl50.444
All
rl47,180
New Orleans Bye. Co. December. 449.697
4,674,344
Co.
December.
54,011
&
Lt.
50,737
Norfolk By.
658,189 614,039
60,312 56,883
Mor.GhloTr.<lELt.Go February
126.777 116,490
36.42S 35,S33
Northern Texas Trac. February
80,531
72,963
Northwestern Kiev.. February 110,28k 102,470
224,560 211,286
104.673
Oakland Tract. Cone January .. 104,678 94,515
94,511
6,615
6,400
15,403
Olean St. Ballway.. February
13,625
6,252
6.046
Grange Co, Traction. January ..
6,252
6.046
9,116
8,64i:
9.116
Peeks. L't'g&BB. Co. -Tanuary ..
8.643
December.
Philadelphia Co
15279246 15313791
12',95"6
i 1,805
27.240
Pottsv. union Tract February
23,854
23,362 19,529
46,739
36.919
Rys Co.Gen.— Roada February
2.08^
2,033
4,345
Light Go's.... ...... February
4,081
February 123.920 l09,S7fc 268,416 222.428
Rochester Railway
12.307
7,857
26,314
15,104
Rooh. & East. Rap. By February
London St.
Sl,'253
Jan.
With orMo Oufnt Prev'm Ourrent
Tear.
Ttar.
Tear.
JKABMINOS.
$
88,066
146,287
Enfialo
Latest erosi Sarninift.
GBOsa
Net Ear nings.
Ctirrent
Previous
Oompaniei,
1107
February
7,304
7,524
15,600
14,987
January
..
68.026
52,490
58,026
52,490
January
.
41.600
30,049
41,600
30,049
22.050
12,87f
WkFeb.l9
d 970,376 d783,529
January
41,340 39,734
8cranton Railway... January .. 69.063 57,250
Seattle Electric Co... jHnaary .. 201,760 189,813
South Side Elevated February 123,142 126,462
*prlmgfl'd & Xenla Tr Wk.Dec.;^6
1,156
1,119
Syracuse Bap.Tr Ry January .. 74,205 67,460
Savannah
15,949
28,004
Hookford Beloit &
JanesvlUe
St. Joseph (340.) By.
Lt. Heat & Pow. Co
San Fran. Oakland &
Ban Jose By
Sao Paulo (Brazil!
Tram. L't & Po. Co.
earnings here given are after deducting taxes.
Elect. Oo.
.
41,340
69,053
201.760
254,663
39,734
57.250
189,813
262,243
74.205
67,460
31,139 24,987
24,987
31.139
FerreHte.Tr.&LtOo January .. 46,247 41,188
46.247
41,188
rol.Bowl.Gr.<Si8o.Tr December. 24,397
279,359
Toledo Bye. & Light February 133,405 124.637
284,349 28r,554
222.005
Toledo di Western.... D'-Cf-moer
18,708
roronto Ballway .... WkMarll 46,439 4l',44i
458,272 404',759
r»lt) OltyRap.Trar.
Istwk.Mai 81.072 75,9&S 762,003 716.444
Un'd Bys.of St. Louis February 552,793 566.438 1,157,932 1,131,536
United of San Fran
January .. 543,371 526,9 IC
543,371 6£6910
17.614
^ash. Alex. & Mt. V. January .. 16.440 17.614
16,440
Yin ns-stown-Sharon January .. 41.05K 36.P47
41.056
86.947
.
Interest Charges and Sarplus.
— Int., Rentals, etc. —
Compantef.
Cumberland Telephone
ramna
-Bat. of Net Earn'gs.—^
Cxirrent
Year.
Previous
Current
Previous
Year.
Year.
Year.
$
$
$
&
Jan.
Teleg. Co
Edison Elec. Ilium. Co. of
Brockton, Mass.. Jan.
Fall Blver Gas Works
Co....
..Jan.
July 1 to Jan. 31...,
Houghton County El Lt.
(Houghton, Mioh. )Jan.
Lowell Electric Light
Corporation
Jan.
July 1 to Jan. 31....
Mexican Coal <fe C. .Dec.
Jan. 1 to Dec. 31....
Minneapolis Gen. ElecJan.
tric Co...
July 1 to Jan. 31....
27,232
21,699
145,960
114,309
.January
Electric Co. .
..
.
.
.
670
1,069
5,375
4,899
443
93
566
9,607
65,050
10,339
82,309
2,280
Spanish silver.
These are results £or properties owned.
b These are the combined earnings of all the constituent oompanleSv
c These are results for main line.
d Figures here are from July 1.
n These earnings include the Detroit United By., Detroit & For
{uron Shore Line and the Sandwich Windsor & Amherstbnrg By.
r Figures here are from March 1.
V These figures are for period from June 1 to Jan. 31.
t
9
2,187
2,238
8,137
6,340
1,121
8,941
11,648
127.292
1,605
9,223
10,091
120.688
9,106
59,^07
37,589
460,037
8.036
47,803
43,121
365,127
9.535
65,400
9,897
68,701
25,036
144,192
13,695
i;8,448
Pocahontas Collieries
Company
dZ2,192
Deo.
Jan. 1 to Dec. 31
Month of Jan.
Wllkesbarre Gas & E'eotrio
........Jan.
dl5,787
3,832
29,413
3,167
9,351
6,598
d.l8 0&7
Street Railway Net Earnings.—The following table gives
the returiQS of Street railway gross and net earnings receive(S
3
d Charges include sinking fond and preferred dividend.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest ertjtt Sarningt
Our'ni PrstKw*
Gross
EABHIH08.
WttkorUc
Albany dt Hudson .
January ..
American R'vb, Go.||. February
.
Atlan Shore Line Ry. December.
Aur. Elgin & Chic.Rs Januaty ..
Blnghamtou By
February
Boston <fe WorceRter.. January ..
Bnrllngt'n (Vt.) Trac
Gas
&
February
.
Electric. January ..
Cent. Penn. Tract.... F^hruary
Chicago &. Mil. Elec. Ptbraary.
Chlo. & Oak Park..c. February .
Oln. Dayton <feTol.lT December.
Oin. Newp.iSi Oov.Ry. November
Citizens' By. & Ligm
(Muscatine, Iowa).. January ..
01eve.<k So.w.Tr.Oo.. January ..
Oleve. Palnev. & E... Janaary
Cal.
.
.
Detroit United Ry..n letwk.Mar
Oulnth Street Ry... Istwk.Mar
East St. Louis & Bub. February
Elgin Aurora & Sou. January ..
.
Ft.
Wayne A Wabash
Valley l'raotion..b January
Geary Street Ry
Elec. R7.C0.
Honolalu Rapid Tr.
A Land Co
..
November
Havana
WkMarl2
..
Houghton VAi. St.
Houston Elec. St. By. November
Illinois fraction Co.
February
Indlanap. &£a8t. By January ..
.
.
February
Indianapolta&North
western Traction.. January
Intemaf 1
Tract.
Tear.
lear.
9
20,117
97.92.*
17,134
22,47:-
5,152
432,0236,70:
a3,699
63,2SS
37,301
83,287
JPreviou
¥tar.
lear.
Binghamton By .b.. Feb.
22,136
15,864
14,14S
4,45:^
276,M3
34,634
18,048
69,801
36.939
80.807
22,136
32,ti28
14,143
9.505
276.613
70,792
37,035
123,869
514.787
906,073
4=«,42.'
129,67i
496,31S<
928,177
8,381
10,51-;
27,852
11,740
69,733
10,10s
87,123
34,694
84,760
13,346
751,180
101,480
S3,90b
8,381
27,852
11.740
662,319
96,950
177,518
34.694
68,666 69,845
13,677
138,355 ('32)421
68,56t
69,845
10,517
34,76(
13,3 4t
81,07i<
10.93-;
95.42?
33,906
201,'^52
t
348,662
Jan. 1 to Feb. 2«
July 1 to Feb. 28....
18,027
191,922
20,117
205,51€
d 62,43
2«,25P
35,372
22,472
10,39
432,02f
75,617
J
306,709
..
26,289
16,674
42,983
82.990
15,126
27,156
14,429
30,736
76.267
13,523
26,239
15,674
27,156
14,429
15,126
13,523
6,425
4,824
13,72&
10,666
Central Pennsylvania
Traction Co
Feb.
Jan. 1 to Feb. 28
Ohio. & Mllw. Elec.Feb.
Jan. 1 to Feb. 28
Detroit United By.n (all
properties) .a
Feb.
Jan. I to Feb. 28...
East
St.
Louls&Sub.Feb.
Jan. 1 to Feb. 28
Fort Wayne & Wabash
Valley Traction ..Jan.
Houghton County St. Ry.
(Hancock, Mich.). Jan.
IlUnois Trac. Co.Feb.
Jaoksonv. Elec. Co. Jan.
aiadlson Traction.. Feb.
Jan. 1 to Feb. 28
Muncie Hartford <fc Port
Wayne Ry To. a.. Feb.
Jan. 1 to Feb. 28
m
January
320,069 296,970
January .. 25,5!;o 21,45<
Kansas City Ry.& u. January .. 347.a7S 314,233
Lake Shore Eleo. Ky December. 64,777
(Buffalo) . .
Jacksonville Elec.Oo.
Lehigh Val. Trac. Go
Street By. Dep
January
Electric Light Dep. January
Ry
January
LlmaEI.Ry.&It.Oo. January
.
..
3i,260
16,37i
..
23,9f>b
..
25,207
..
31,10f
14,92&
20,826
820,069
25.580
296,970
21.456
v2,956,»87 v2,681 665
659,873
84,260
16,37S
23,958
25,207
^^o^th.OhioTrac.&LlKht
Feb.
Oo.a
Jan. 1 to Feb. 28
North. Tex. Tract, b Feb.
Jan. 1 to Feb. 28....
Feb.
St. By. Co.
Jan. 1 to Feb. 28
Bocheeter
East'n Bap.
Railway
Feb.
July 1 to Feb. 28....
Olean
.
—
Net Earnings.-—^
Current
Previous
-
Current
Previous
Year,
Year.
17,134
8^.872
173,000
15,864
82,628
160,815
6,438
13,340
81,095
36,707
76,617
23,599
48,426
34,684
70,792
18,043
37,036
def. 1,187
18,884
7,463
15,638
317,344
670,107
95,425
201,252
284,966
592,586
87,123
177,518
106,274
229,832
49,511
107,353
79,028
160,555
43,933
90,427
68,568
59,845
26,469
19,521
16,674
82,990
26,560
7,314
15,016
14,429
75,267
21,456
6,850
18,864
820
37,329
10,625
1,729
3,737
1,508
30.963
7,263
2,392
5,193
11,225
24,002
11,278
22,847
4,765
11,023
3,822
9,004
60.312
125.777
36,423
80,531
6,615
15,403
56.883
116,490
35.338
72,963
6,400
13,625
24,850
63,223
11.852
29,736
2,707
7,605
22,729
45,238
12,627
24,688
2,674
6,780
12.807
154,223
123.920
258,416
1.043,356
7,857
109.376
222,428
897,300
f 991
50,584
49,478
106,383
471,488
40.667
82,754
410,670
7,804
16,500
41,840
7.524
14,987
39,734
1,619
4,291
15,733
1,821
3,373
14,787
Year.
def.1,993
8,711
Year,
4.88Z
10,884
74,830
def.
889
def.l,g32
A
22.598
22,696
Co
System
LexlnsrtOD
Ourrent
S
18,027
93,131
7,748
26,2.'>9
— Gross Earnings. —
/an.lto LdUtt Dnit
. .
January
Ry. January
Indlanap.db MartlxtsvllleBapld Tran..
week. The last general summary which we furnish once
month, and in which we bring together all the roads from
which monthly returns can be procured, was given Mar>
4, the nest will be given Mar. 25.
this
81,109
14,929
io'sVs
Rochester By. Co.bFeb.
Jan. 1 to Feb. '^8
July 1 to Feb. 28
Bockford Beloit & JanesvlUe
.Feb.
Jan. 1 to Feb. 28
Savannah Electric. Jan.
def.
760
THE CHRONICLE.
1108
—
— Gross
Earnings.
Previous
Current
$
Seattle Electric Co. Jan.
Tampa Elect. Go... Jan.
Terre HaateTr&Lt.Jan-
&
Tol. Rys.
Lt.O'^.a.Feb.
Jan. 1 to Feb. £8,...
Previous
Tear.
Tear,
201,760
31,139
46,247
133,405
284,349
$
$
$
189,813
59,124
12,219
16,060
64,174
139,028
24,987
41.188
124.037
261,565
61,933
7,070
11,321
52,086
115,647
a Net earnings here given are after dednctlng taxes.
ItBTet
earnings here siven are before dedaotln? taxes.
f Ten per cent of gross Income charsred Into operating expenses In
February, 1905, to create a reserve fund for damages.
m
The Illinois Traction Co. Is a consolidation of Danville Urbana &
Champaign, Urbana & Champaign Ry. Gas <fe Electric Co., Danville 8t.
By. & Light Co. and Decatur Ry. & Light Co.
n These earnings Include the Detroit United Ry., Detroit & Port
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
Interest i;8iarge8 and Surplns.—The following
Stebu
railways, 'n addition to their gross and net earnings given in
the foregoing, also report charges f or interest, &c., withthr
sarpluG or deficit above or below those charges.
—Int., Rentals, etc. —
Current
Previous
Current
Previous
Tear.
Tear.
Tea?:
Tear.
$
$
Roads.
Detroit Dnlted Ry. (all
properties)
Feb.
Jan. 1 to Feb. 28....
89,787
177,354
3,407
3,016
3,080
3,176
4,167
8,334
4,000
8,000
22.917
45,834
9,482
19,705
2,693
5,386
26,776
53,762
216,613
22,666
45,132
9,333
18,666
2,452
4,904
26,220
52,345
206,890
.
Jftohsonv. Elec. Co. Jan.
Mnnole Hartford
Wayne Ry Co
&
*17,137 *df.7,389
*50,691 *def.9,599
def.2,687
def.1,572
7.609
4,077
Fort
Feb.
Jan. 1 to Feb. 28....
598
178
1,004
def.
2.689
Northern Ohio Traction
&
Light Co
—
Feb.
Jan. 1 to Feb.
'z8
North. Texas Tract Feb,
Jan. 1 to Feb. 28....
Feb.
Olean Street Ry
Jan. 1 to Feb. 2s
EoohesterRy. Co... Feb.
Jan. 1 to Feb. 28
July 1 to Feb. 28....
Eoohford Belolt & Janesvllle
Feb.
Jan 1 to Feb. 28....
Savannah Electric. Jan.
Seattle Eleotno Co. Jan.
Tanapa Elect, Co. Jeul.
Terre Haute Tr&Lt. Jan.
ToL Rys.
«fc
Lt.Co.Feb.
Jan. 1 to Feb. 28....
*
of operations, earnings, expenses, etc., and certain statistics.
Further statistics and comparative balance sheets will be
given another week.
OPBBATIONS, EABMINOS, EXPEHSEB, ETC.
1904.
1903.
1902.
1901.
Miles operated
1,826
1,827
1,697
1,684
Oi-erationg—
Passengers carried
2,151,553 1,911,351 1,957,693 1.839,338
PasB'gers carried 1 mile.. 125227758 106456394 lim24972 101962714
Rate per pass, per mile.. 2-29 cts.
2-34 ots.
2 29 oU.
2 49 ote
Freight (tons) moved... 3,673,350 4,072,6^0 3.815,682 3,792 6 J2
Freight (tone) mlleaKC... 732775735 83668^282 788442848 882755519
Av. rate p. ton per mile.. 1 15 cts.
1 01 (its.
105 eta. 095 cts.
Average train-load
Gross parnlngs per mile.
Transpori'n receipts Fielght
Passenger
Mall
Express
Miscellaneous
Total
Trans port'n expenses —
63
106
1,933
7,389
2,370
10,031
3,194
6,022
14
*14,722
*31.186
*207,993
2.697
5,394
10,563
23,187
2,128
9,529
41.590
82,902
def 1,007
def.972
def. 2,1 21
5,180
33,989
10,282
7,093
21,355
53,508
4,224
28,746
4,942
1.792
10,496
32,746
191
$6,621
$
195
$7,203
$
$
$
8 407.992 8,504.462 7766,914 8,398,631
2,861,742 2,491,545 2,557,896 2,545,421
271.7.53
269,633
270,407
270,576
296.766
223,008
229, 40
220,190
594,904
603,046
412,144
337,074
12,433,147 12,094,744 11,236,601 11,769,942
1,560,617
1,395.265
5.011,663
1,410.'>S8
4,423.021
1,803,716
1,392,353
4,527,553
361,080
3->8,059
310,829
Total (exclnd'g taxes) 8,111,692
8,286,106
7,752,290
8,034,451
(68-51)
(68 93)
(68*26)
P.
c.
of expens. to eftrns.
(65'24)
Neteams. from operat'n. 4,821,465 3,808 638 3,484,311 3,735,491
Other receipts
Total income
Interest on bonds
Int.
61,744
171,485
147,830
363,135
4,383,199
3,980,123
8,632,141
4,098,626
1.473,354 1,428,459
1,161,900 1,161.hC0
163,642
3lv,297
296,053
284,514
408,949"
104,669
1,393.814
1,161,900
1,490,015
on 2d incomes (5%). 1,233,806
Old Are claims
•axes
Interest and disonnnt
Improvement account...
Equipment account
291,484
700,584
571,619
45,245
273 2fi4
568,121
2i,6i0
37,424
Total disbursements. 4,458,265
4,203,301
3,075,939
2,847,198
def.75,067df. 223,178
656,202
1,251,428
Miscellaneous
Snrplus
X From the
ment,
2,626
5,263
10,553
25,135
1,937
8,962
42.819
85,520
207
$7,003
1,518.09'?
122
876
2,219
*23,234
*53,e09
*26l,132
211
$6,809
Maint. of way & Htraots. 1,331,901
Malnt'nce of equipment. 1,373,451
Conducting transpon'n. 6,018,288
General expenses
388,052
?
92,970
186,407
Houghton County St. Ry.
(Hancock Mich.) Jan.
,
-Bal. of Net Eam'gs.—.
Vol. lxxx.
Texas & Paclllc Railway.
(Report for Fiscal Year Ending Dec. SI, 1904 J
Balow will be found comparative tables for a series of years
Earni7igs.
!s'et
Current
Tear.
Tear.
Boads,
^
,
I
etc.,
accumulated snrplus was paid for betterments, eqnip$2,207,358 in '02 and $926,366 in '01 —V. 80, p. 1089, 652.
def.876
Missouri Pacific Railway.
(Report for Fiscal Year Ending Dec. 31, 1904.
The remarks of President Q-eorge J. Gould, relating more
particularly to the financial operations of the year, will be
fonod on pages 1116 and 1117.
The folJowing is a classified statement of freight carried
during 1904 as compared with previous years :
After allowing for other income received.
ANNUAL REPORTS.
—
The following is an index to all annua
steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Annual Reports.
reports of
Sections.
This index does not include reports in to-day's Chronicle.
BTC—
RAILHOAD8,
Amer.Cereal (bal. sheet Dec.
AnaencHn Cigar,
Amer. Dlst. Tel. Co. of N. J
1C55
8*8
474
709
99B
10B6
Amer. Diat. Teletf. of N. Y
Amer. Iron & Steel Mfg
Amer. Pneumatic Service
Amelcari Radiator
Amer. Sewer Picje (bal.sh. Dec .31)lf;55
1055
American Snuff.
Ame'. Strawboard (bal.sh. Dec. 31) 649
Amer. SuK^r KeflninK (balance
8be«tUec.3.)
710
105B
1056
h73
AmeriCiin Tobacco
American
Wo
ilen
Paper
Associated Merchants
Araerlraii Writing
10'>B
1030
Asiocluied OH
Atlantic (;< ast I.ltie Co. of Conn.
BBS
(balonce sheet Jan. 20). ..
Bell Telephone of Phliadelbhla... 873
Bush Terminal (11 mos. to Dec. HI,
H95, 1005
liOl)
Cent. Dlst. A Print. Tel., Plttet)... V14
46-(
Central Vermont
Chlc, Jar>c. Hva & Un. Siock Yds. 889
648
Cbicapo Pneumatic Tool
Chlc. St. Paul Minn.& om, (1 mos.
to Juno. 0, J«04)
Cliioano Telephone
Cleve. Term. & V'llley
CoiiBol. Coal of Maryland
Consol. (inn of New York
Cumborland Teicpli & lelegraph.
f60
710
488
CuyahOKa Telephone
474
470
714
714
Ualv-VVest Hilver .MinlnK
Delaware Lack. & Wesieru
878
86H
Diamond Match
Dominion Coal
EaHtern Hteamship
Empire Steel & Iron
Flilrmont Coal
General Chemical
fi4S
870,877
878
1060
474
474
9Pfi
HerrlnK-Uall-Marvin Safe Co
HunlliiK'n* Br.TopMt.UU.&Coal 860
Illinois Brick
870
International Suit
International Sliver
KevBi.ne Telepnone..
Knickerbocker Ice, Chicago
RAILROADS,
Page.
31).. 870
Btc—
Page.
Lac'ede (raH Light (statement of
Nov. 80, 1904)
Lehieh Coal & Navigation
LeblKh & Hudson Kiver
Mackay Co.s. ( Keport Dec. 19, 1903,
to Feb. 23, 1905)
470
874
470
995
1058
Maryland* Pennsylvania
861
MllwaukPe& Chic. Breweries... 874
Mifsouri & Kunsab Telephone
h74
National Biscuit
870
National Carbon
995
Nadonal Kireprooflnt;.
708
NebraMka Telephone
1061
New York & Now Jersey Teleph...It 67
Northern Central
888,878
Osceila Consol. Mining
1,0(0
Marsdea co
Pacific
Packing
of Dec.
A NaT.
(statement
471
Pennsylvania
994, 1002
Peoples' (ias L. & Coke, ChicaKO... 709
Ph lladel phin & Erie
712
Piilsburah Browinx
470
17, 19, 4)
PlMsbarKh Coal
708
7'6
Pittsburgh Plate Glass
70-»
Pressed Steel Car
(Juaher (Oats bal. sh. Dec. 81)
870
Hallway Steel Spring
1000,10.56
Kooky Moutitaln T(!lephone
1081
lO'iH
SecurltK^sCo. of New York
.
Souihcrn Ky. (half-year;.
lO^J
Slreei's Wes'ern Stable Car Line.. 1062
4Hh
Texas Central
70"
Toledo Peoria & Western
Union Nat. (Jas Corp., Pittsb
10.>7
Iiib7
Union Switch & 8l«nal..
Uniied Box Bo ird 4 Paper
717
United States Coal & Oil
710
U. 8. Cotton Duck
874
U.
H.
I.calhor (balance sheet)
870
United States wteel Corp
598
United StHtos 'i'oleph., Cleveland. .idOi
West Jersey & Soanhorc
1000
Western Maryland (statement of
Oct.31, 1904)
10.J6
8TKEKT ilAILWATS.—
10)0
470
1067
ChicaKo(;ity
KastHt. I. oulH & Suburban
Louisville Ky
United Rya. of St. Louis
488
869
871
994
1064
MISSOURI PACIFIC BY.— IONS CABSIBD (OOOB emitted).
Lumber.
Tear— Total.
Livestock. Orain <£ flour.
Coal.
1904. ...9,062 684 (7-6%) 820 (6-8%) l,4i!9(ld f%) 2,19.) (24-2%)
1903. ...9,387 713(7 6%) 579 (6-1%) l,74-J(i8-'%) 2,16'i (23-l<%)
1902.... 8,388 535 (8-4%) 542 (K-.'\%» 1894 (l«-6%) 2,091 (24-9%)
1901. ...7.776 525 (3';%) 587 (7-7<%) 1,705 {21 9%) 1,627 (20-9%)
lS00....6,8i5 475 (8-8%) 562 (8-0%)
1,451 (21-1%)
LOUIS IBON MOUNTAIN & SUUTHESN (00^8 Omitted)
Total.
Lumber.
Live stock
Orain d flour.
Coal.
1904.. 7,943 2,006 (2 -.•2%)
,">33 (6 7%)
65(0c%)
1,298 (16-S%)
1903.. -.7,925 1,998 (25-20^)
996(12-%) 1,009 (12-7%)
81(1-<%I
77(l-.o/„)
1902,. ..7,vi98 1,773 (24 20/6)
8e8(ll-»%) 931(12-8%)
1901. ..6.948 1,708 (24-6%)
90 (i-:^%) 1,004(14-4%) 878 (I2-6%)
1900. ..6.848 1,470 (26-2%) 101 (1-7%)
1,451 (21-1%)
Teai—
BT.
Stai5i.sizcs.-The statement of operaiions and earnings of
the combined Missouri Pacific and St. L. I, M.
80. systems (inclndlng the Central Branch Ry., etc.,) for four years
&
is
as below given
:
OPBKATIOM8 AND FISCAL RESULTS OF MO. PAO. AND
1904.
Miles o perat'd.aver
,
6, 140
1903.
6,846
ST. L.
1902.
6,613
I,
M.
<fe
SO.
1901.
8,570
Operations—
«,02R,3S!0
Passeirgers carried.
6,571,066
5,474,188
6.074.892
<to carrierl 1 mile. 462, i^36,3S8 319.1'^6.«82 299,42«,S-.i2 270,39'>,220
Race p. pass, per m. 1943 ots.
2-233 cts.
2-146 ots. 2-210 ots.
1^,358,000 l.">,40t?,432 14,U3,9aS 130"'9,027
mile (lev.).. 3624810460 38038 «6206 3321,67-602 3234221896
tonp.m.(rev.)
849 cts.
Ratt^p
0822 ots. 0-807 cts. 0-825 cts.
No rev, tons in train
2 706
302-5
2!i9-4
28 1-7
Earns.p. fr'ctr'n m.. $2'4'<590
S2-45496
S369046
S3-30547
Ft't(toij8) car.(rev.)
do
1
iJo p. pa"*, tr'u m.
$1'C6453
Q,0'8 cafnlngB per
mile of road
$7,116
Earning* ~
$
From frelglit
29,953,0^8
From pasrienger.^.
From malls
From express
From re its
From miscellaneous
$1-01202
$7,372
$
$098976
$8-679
$
8,995,345
1,373,72 7
937,21s
31,271.688
7,126,378
1,318,(85
818, X35
26.8i7,4'3
6.425,249
87,!S52
87,8->4
2,?46,e88
3,472,378
$0 98600
$6,600
$
2<!,076,118
l,2")6,Oo8
5,975,544
1,239.346
74^,•.^77
7C(i,297
9,'88
2,176,948
72,460
1,991,328
Total earnings.. 43,693,617 43,095,763 37.495,688 86,661,093
Expenses —
Transportation
11,906,337 11.237,603
9,614,0?8
8,789,816
Motive power
7.9i5,659
9.962,497
9,284,0^6
7,088.137
Maintenance of way 6,287, '."se
6,603,056
4,621,700
6,013,920
Maintenance of cars 2,241,684
2,304,179
2,104,576
1,905,763
General
1,007,766
986,138
867,228
817,878
Total expenses 30,406,041
Ratio of operating
expens. to oarn'gs
(69-68)
NbtearnlngB
13,287,576
29,410,003
(rt8-26)
]3,(;80,7«5
25,043,191
(66-3)
12,462,497
23,615,514
(64-41)
18,046,679
Mae.
THE CHRONICLE
18, 1905.1
The consolidated income accounts
L.
I.
M.
&
Mo. Prf.cifi-; and St.
and operated liaes, are
of the
So. , including ail leased
given below
COKSOLIDATED INCOME ACCOUNT OF MO. PAC. AND
A
ST. L.
M.
I.
1902.
iy03.
1904.
a»
&
80.
1901.
3{
0^
13,287,fl76 13,680,765 12,452,497 13.045,679
Net earninge
Ml80. Inc. dive., Int., eto. 2,937,274
Total
.,
3,776.965
2,422,139
2,473,431
....16,224,850 17,457,730 14,874,686 15,519,010
Deduct —
Int. on bonds and rentals
XaxeB
Sundry aooonnts
Dlvid'8 on Mo. Pao. Btook
7,718,109 7,107,3^2 6.645,672 6,61.">.889
1,298,771 1,225,240 1,123.374 1,082,916
560.968
341,683
I,282,3i7 1,538,645
3,890,887 3,890,115 3,855,110 3,563,802
14,190,084 13.761,352 12,185,124 11,604,290
2,034,766 •3,696,378 •2,689,512 3,914,720
Total
Burplns*
this snrplas there was approprlatod for ImprovementB,
equipment, etc.. In 1902 *2,616,871, and in 1903 $1,249,672.
li09
1904.
1903.
1902.
1901.
LiaMlities—
9
$
$
$
77,817,875 77,802,875 77,802,875 76,402.875
Stock
Bond8(8ee R &I.Sec.)60,012,C00 54,012,000 54,012,000 54,012,000
Advance sale of bo'ds. 7.200,000
2,()30,0C0
6.'76,800
Equip assoo'n obl'ns. 5,913,000
966,085
954,^60
954,180
Int. due and accrued. 1,091,434
6,000
3f 0,591
1,121,733
Notes payable
653.152
4,716,981
Accounts payable.... 4,241.082
3.483,674
3,528.232
3,436,9'^7
5,111,209
Loans payable
6.700.000
1,94»,<'57
1,945,435
Dividend
1.945,055
1,910,050
1,086.391
1,557,621
Special fond
1,«.08,258
385,982
21,3S9
Improvement fund
500,000
250,000
68^,069
340,003
DneCent. Br.Ry.,&o.
66,229
140,799
5,689,889
4,751,960
Income account
3.297,452
3,237,705
TotBlliabilities. 169,125,183 168,113,633 152.099,696 141,374,973
LOUIS IRON MOUNTAIN & SOUTHERN RAILWAY.
ST.
OENGBAL BALANCE SHEET DEC.
•From
Rv. and Branrbee
system acd of the St. Louis Iron Mountain & Southern Ry,
system, separately, are given below for four years:
MISSOURI PACIFIC RA.ILWAY AND BRANCHES.
EABNIN08 AND EXPENSES.
The Btatements
of the Missouri Pacifio
1904.
3,493
Miles oper. Dee. 81..
1903.
3,507
1902.
3,489
1901.
3,408
$
$
4,019,097
14,7»8,907
3,142.740
3,534,495
12,454,843
2,773,979
3.148,311
12,621,380
2,614,385
22,255,740
21,950,744
18,763,317
18,384,077
6,171.701
5,669,629
Motive power
Maintenance of way. 2,967,215
l,36.'s,088
Maintenance of oars.
489,496
Oeneral
5.651,540
5.084,704
3,057,074
1,397,180
456,532
4,752,903
4,325,154
2,461,119
1,263,153
414,358
4.468.449
3,797,159
2,832,841
1,130,184
407.929
16,653,129
15.647.030
13,216,688
12.83 1..^68
(74*82)
(71-28)
(70-44)
(68-71)
5,546,628
5,752,519
1902.
1901.
Earningt
$
5,037,553
PaesengerB
14,112,299
FrelKht
Mall, exp. dc mlBoel.. 3,105,888
Total
Expenset
Transportation
—
Total
P.O. of exp. to earns.
$
Net earnings, main
6,303.716
line and branches.. 5,602,611
INCOME ACCOUNT.
1904.
BeceipU—
$
Net ettins., main line 4,904,225
698,386
Net earns., branches.
$
4,413,586
1,338,932
1,403,291
2,573,379
2,573.379
1.544,011
11,218,021
9,260.075
8,699,820
2,854,637
700,362
171,649
76,814
54,443
30,21
3,855.110
2,881,lf4
695,221
167,436
3,890.867
2,854,637
778,382
174.736
321,128
680,339
29,325
3,890,115
Total dlsbnrse'ts. 8,673,789
Surplus for year
937,929
8,723,662
2,489,359
7,743,232
1,516,843
7,399,657
1,300,163
Dlvs., Int., rents, etc. 1,435.723
Dlv. on St. L. I. M. <&
2,573,379
So. Btook
Total net Income. 9,611,718
Disbursements—
Interest on bonds, &o. 3,121,304
Taxes
Rentals
Fqnlp. association...
Interest and exch....
Other charges
Dividends <& p.
ST.
c.)...
771,470
174,761
314,907
317,611
82.869
n
92,003
3,563,803
LOUIS IRON MOUNTAIN & SOUTHERN RAILWAY.
BARNINQB AND EXPENSES.
Mllesoper. Dec. 31..
1904.
2,356
1903.
2,214
1902.
1,773
1901.
1,774
Earnings from—
$
Passengtrs
3,663.915
Freight
14,602.526
Mali, exp. dcmleoel.. 1,522,388
$
$
$
2,867,883
15,310.673
1,406,794
2,659,101
13,650.350
1,331,127
2,696,131
13,104,756
1.260.134
Total earnings. ..19,788,829
19,575,360
17.640,578
16,961,021
5,400,217
3,956,713
Maintenance of way. 2,112,244
Maintenance of oars.
854.842
General
476,713
5,289,615
3,899,879
2,292,961
876,283
496,377
4,507,093
3.339.079
1,S34,030
814,913
411,143
4,060,273
2,990,655
1,853,146
744,722
377,278
Total expenses. ..12,8C0,729
12,865,065
11,006,258
10,016.074
Expenses—
Transportation
Motive power
P. 0. of ex. to earns..
Net earnings
(64'68)
6,988,100
(65-67)
(62-39)
(69-OB)
6,720,285
6,634,320
6,944,947
INCOME ACCOUNT.
Receipts—
Nee earnlDgs
1904.
1903.
1902.
$
$
$
1901.
$
6,986,100
6,720,285
6.634,320
6,944,947
prem.
on bonds and misc. 1,493,928
1,428,572
1,274.607
1,062,572
Total net income. 8,482,023
8,148,857
7,908,927
8,007,519
25,795,710 25.795,710 25,795,710
Bond8iseeB&I.Sec.)aO,253,035 84,«01,675 69,026,997 67,610,997
5,397,000
5,983.000
2,829,000
Car trusts. -.
1,741,000
1,216,760
Im. due and accrued ) ,259,800
1,078,391
1,063,574
14,732,6H4
8,092,074
Due Mo. Pao RR
5,226,337
353,711
2,0oo,000
2,904.600
Loans payable
94,690
Rentals guar., acor'd
94,627
91,417
91,270
368.581
Accounts payable...
483,258
172,214
277,166
Improvement fund
500,000
750,000
6,916,194
Income account
6,658,332
5,210,809
5,128,261
liabllitieB. 146,559,782
— V. 80, p. 872, 712.
3,624,601
3,170,531
332,569
210,496
3,118.403
301,000
210,495
393,527
245,973
1,547,233
(6%)
^Report for Fiscal Year Ended Dec.
The annual report
339,657
215,017
GENEBAL' account of the COKPOBATION AND ITS SUBSIDIARY COMPANIES.
1904.
1903.
1902.
Gross sales and earnings
$444,405,431 $536,572,871 $560,510,479
Manufao. cost and oper.exp.x353,627,3 15x409.268,599x411, 408,8 18
Balance
Mleoell. man'l'g, etc., gains..
Rentals received
L.
I.
7,269,944
888.913
2,57f>,831
(10%)
6,685,958
1.222,974
5,423,154
2,584,865
prop't's owned whose gross
rev'e, etc.. are not Included
$548,935
$1,327,730
$1,972,316
Interest and dividends on inveBt'B and on deposits, etc.
2,411,176
2,220,820
3,454,136
Total iLOome
$94,635,065 $132,672,866 $157,657,084
General expenses
Aimin,, selling and gen'l exp.,
excl.gen'lexp.oftranB'n COS. $9,086,684 $11,942,016 $13,202,36 9
Taxes
2,972,600
3,062.967
2,391,466
Com'l dlBO'nts & int. & miscel.
2,645,745
1.932,336
1,908,023
—
Total aesets
$16,847,852 $17,501,893
$79,749,669 $115,725,014 $140,156,191
Balance of income
int.
charges, etc.—
on bonds <&mortf, sub. cos. $6,211,314
on biilB pay. <& pur. money
obl'sof sub. COB. d: misc. Int.
361,883
Int.
Int.
1904.
19U3.
$
$
1S02.
1901.
$
72.005,620
2,429,153
72.048,540
2.555,-^i23
71.33l,^67
2,0^6,568
1.87:^,402
4,787.493
2,872,918
2.093.080
8,867 ,»5t
4.00»,4fc9
14,732,634
8,092,073
459,208
5,226,389
853,711
711,380
947,840
971.246
703.627
772.152
276.927
1,368,' 22
34»,4b0
169,125,133 168,113,633 152,098,696 141,374,978
$5,756,483
$3,879,140
707,373
2,234.144
732,843
$6,653,961
$6,846,427
Rentals paid
$6,573,147
Net earnings for the year $73,176,522 $109,171,153 $133,308,764
X The actual
expenditurea for ordinary repairs and maintenance
in '02, $22,000,000 in 1903 and $18,000,000 In '04.
Were $21,230,218
INCOME account OF UNITED STATES STEEL COBPOBATIOH.
31.
M.
Equip., not delivered
Oi>ut!irQctlon ol projected lines
Miscel. accounts
$90,778,116 $127,304,272 fl49.101,661
$293,667
$1,068,794
$2,654,189
503,171
651,250
474.782
Total net Income
$91,574,954 $129,024,316 $152,230,632
Proportion of net prolltB of
Tot. underly'g int. charges
501,838
2,578,831
(10%)
Ruadaud equipment. 69. 392,240 67,612,360 63,560.104 69,782,291
Due fium Bt.
«feeo. By
J
Chairman
Total general expenses.. $14.78^,396
OENBBAL BALANCE .6HEET DEO.
Stocks ana bonds
72,738,748
MaieilaiBib supplies. 1.796.50O
Cash
5,2a2.398
Sunary aco'tsooll'l.. 3,523,397
of Elbert H. Gary,
31, 1904
of the
board, signed by himself and President William E. Corey,
will be found substantially in full on pages 1118 to 1123 of
to-day's Chronicle. Given with it are many important
tables of operations, balance sheet, etc. [cents omitted.— Ed.]
The following tables show the gross total incorae for the
calendar years, the deductions which are made in order to
determine the net earning?, also the amouuts applied to the
payment of ttie interest, dividend?, etc., of the Corporation
itself, and finally the surplus from the year's operations :
MISSOURI PACIFIC RAILWAY.
Assets—
135,087.798 109,930.875 102,841,669
United States Steel Corporation.
Bub. eo'y
Total dlsburse'ts. 7,7i9,«84
Balance, surplus
742,139
17,423
Stock(6CeRT.&I.8eo.)25,795,710
ulvi'ds, int.,
Disbursements—
Interest on bonds.... 3,963,683
Taxes
m_ 429,527
Rentals
219,995
Prem., oom.onbonds,
exch .car tr., etc..
547,843
Dlviaends
2,578,831
Rate per cent
(10%)
$
72,190,027
1,273,032
27,902,139
550,867
268.419
318,286
331,466
$
4,569,858
976,770
1,140,068
5,282,388
1,021,347
2,340,927
1901.
146,459,782 135,087,798 109,930,875 102,841,689
Total asset?
Liabilities—
Total
1903.
31.
1904.
1903.
1902.
Assets
$
9
$
Road and equlpment.93,706,311 87,704,245 75,172,495
76'7,358
933,876
1,100,410
U. 8. land grants
Stocks and bonds. ...40,222,314 35,813,612 28,698,364
1,293,115
307,124
680.017
Oaehonhand
263,203
276,260
223,852
Land grant accounts.
3,598,264
Projected lines exps.. 3.744.635
3,709,000
3,308 919
325,545
Lit. Rook <Sr Ft. 8. Ry. 3,601,665
1,065,297
Equip, not delivered
2,052,156
Ditc'nt on bonds sold 2,769,419
101,763
30,045
MlBoellaneons
21,192
Tot. net earnings
Deduct charges, etc
—
1904.
1903.
1902.
$
73,176,522
$
109,171,152
133,Sy8,764
^s
Deptec. & extin and extr.
repl. funds (reg.prov'n). 12,674,211
1?, 897,355
14,160,325
Spec fund for improve'ts
10,000,000
and construction
10,000.000
Charged off for ad)Q8fm'C8 1,183,372
5,378,838
19,082,7.6
Int.ou U. S St.Corp. boncls.23,618.293
15,187,860
Slnk.fuuci U. 8 Steel Cerp. 4,0.-0,000
3,707,600
3,040,000
1.683,117
Do subsidiary cos
1,598,012
624, l6*
Preferred dividend... (7 %)25.2 19,677 (7%)80,4U4,173 (:%)36,720,178
(2ii%)12,707,662 (4%)20,382.690
Common dividend
Total dednctlona
68,128,670
Undivided proUts for year 5,047,862
86,866,234
12,304,916
99,055,107
34,853,657'
THE CHRONICLE.
1110
OENBBAL BALANCE SHEET OF THE CORPORATION AND
COMPANIES DEC.
ITS iUBSIDIABT
1901.
1902.
$
1903.
by the several oomp'tescl .373,967,046 1,357,334,469 1,325,267,583
Expend, for Imp'ts. explc,
Btrlpplng and develop, at
mines, and lor advanced
mining royalties oharg'e
to lutnre operations
ol
the propertieB
Cash held by trns'ti on aoot.
3,178,760
4,820,343
5.f 59,657
bond sink, funds ($14,079,000 par val. of red.
bonds held by trustees
not treated as an asset) ..
Outside real est. and other
property owned
Ineatance fund assets. ...
Invest'e for depreo'n and
ex^eD. funds (at cost)
of
542,034
1,920,176
2,708,139
Due from bankers
60,646,427
617,339
& misc
497,051
459,248
U9
1,«74,872
929,616
2,41?,
1,912,722
1,197,675
107,976,623
34.4°7,Se9
3,139,467
1,029,470
6,985,509
12,822,900
50,199.b61
104,S90,^^<l5
508,302.500
360,281,100
571,791,341
Preferred stock
Bonds held by public
Bonds sold, not delivered.
Molts, of subsidiary cos
3,354.806
1,099,442
Pnrch mon. obli. of sub cob.
Current accounts payable
and pay-rolls
BillsA loans pay'e(8nb.C08.)
,
Expens., conv. pf. stock, &c.
Accrued taxes not due
Aco'd Int & unpres'd coup's.
Preferred stock dividend..
Common
60,163.172
18,675,080
6,202,602
4,485,547
1,051,605
11,621,034
8,678,051
4,481,246
d61 ,365,446
66,096,682
109,114
77,874,597
215,914
Undivided snrp. of U. 8. St.
Corp. and eubsld'y oob...
Miscellaneous-
96.614
1,591,014,068 1,583,845,298 1,546,644,234
a Inventory
valuations include profits accrued to subsidiary companies on
materials and products sold to other subsidiary companies and undisposed of
by the latter— see contra specific surplus account for tliene profits. The total
of ail inventories Is. however, below the actual current mirltet prices.
c As follows: Balance or account Dec. 31, 1903, $l,3i7,394,4'i9; adjustment in
1904, Or., $;8,92I; rialrton Steel properUes, 8lO,759,h60; expenditure in 1904 for
construction, etc., $17, 957,w*fl—gi,88H.os:-i,055; less oharsred off to br>nd slnfelng
funds, depreciation, extinguishment and replacement funds, ^a,628,77ii; undivided surplus, $S.4«3,23e; balance, 51,373,987.046. '
d As follows: Proceeds of capital stock provided In organization, SJft.OOO.OOO;
accumulated surplus, §35,74l,ai4—|«0,"41,^14; less expenditures from surplus
for construction and tor payment of capitnl liabilities, (8.493.-^Se; add surplus
of subsidiary companies on sale of materials. Ac, to other sub. cos., Ac. $9,117,487 (see explanation, page Iil8)-t5i,5;47,97i'; balance, $01,306,448.— V. 8u. p.
59», 226.
AmerfeaD (Bell) Telephone & Telegraph Company.
^Statement for Fiscal Year Ending Dec, SI, 1904,
The results for the last four calendar years were
1904.
1903.
1902.
1901.
S
S
S
ft
2,003,213
1,683,087
1,399.941
158.661,800 156,151,680 126,118,972 104,650,600
Earnings
18,546,659 16,545.632 13,277,457 11,606,817
Oper'gexp.A taxes. 5,111,096
4,460,967
3,956,166
3,251,698
Capitalization
Net revenue
13,435,563 12,084.665
int. on bonds..
1,620,000
1,620,000
Interest on notes
Less
9,321,291
1.486,019
8,355.119
956,833
1907..
639,861
dlvid'fl.
10,564.665
8,619,151
7,835,272
6,534,404
7,398,286
6,050,024
1,945,514
1,250,868
2,848,262
Divs. pald(7»flp.
c.)
11.275,702
9.799,118
Balance, surplus
snr.,
Jan. 1, 1905.$5,107,988
Cash
1,833
1,
1905.
Capital stock
$5,000,000
Surplus (Corblu Motor
Vehicle Corp. stock).
73.724
Bal., income account..
1,8^3
$5,075,557
STATEMENT OF 8UBSIDIABT COMPANIES JAN.
1,
$5,075,557
1905.
Liabilities —
Real estate
Machinery, tools
$1,261,482
anl
fixtures.
3,00'?,990
&
Total
subsid-
companies
$2,015,700
Bills and accounts payable...
868,533
iary
merchad'e. 2,509,749
Bills and acots reoeiv'e 1,094.170
Cash
122,859
Material
*Oapltal stock
Surplus Jan.
$7,992,201
1,
1905...
5,107,983
$7,992,201
The
due to the organizfttion of the Oorbln Motor Vehicle Oorporation.
Directors— Philip Corbin, President; Charles M. Jarvis, First VicePresident; Howard 8. Hart, Second Vice-President; Andrew J. Sloper,
*
increase in capital stock of $115,700 is
Treasure?; Charles H. Parsons, Aesistart Treasurer; Andrew Oorbln,
Charles Glover. Sylvester O, Dunham, Frederick P. Wilcox, John H.
Whlttemore.-V. 76, p. 1302.
...
1,476,584
RAILROADS, INCLUDING STREET ROADS.
Alton Granite & St. Lonis Traetion Co.— New Lint
—On
March
1 the company formally opened its sixtrack connecting Alton and Qranite City,
111., thus giving it a line 42 miles in length from Alton to
East St. Louis. The line to St. Lonis via the Eads Bridge,
which runs on private right of way between Granite City
and East St. Louis, will not be In operatioa before July,
When this latter "cut-off" line is completed, the com1905.
pany will own and operate 60 miles of electric railway line.
V. 79, p. 2C84.
Bangor Orono & Oldtown (Electric) Ry.— Bonds Called.—
The company has called for redemption and will payonSipt,
1, 1905, at 105 and interest, at the Waterville Trust Co.,
Waterville, Me., the entire issue of $125,00 J first mortgage
Opened
teen miles of
new
c. bonds of 1895.
Conaolidaiion. Preparations, it is learned, are In progress looking to the c~>n3olidation of this company, the BanWinterport Railway Co., the Banger
gor Harapden
Street Railway Co. and the electric lighting properties
of the Pablic Works Co., under tlMe of Bangor Railway
& Electric Co. The preliminaries will take several weeks.
Just what securities will be put out is still undetermined.
All the underlying bonds except the $600,000 Pablic Works
Co. bonds, which are not subject to call, will, it is understood, be called in and canceled. See page 743 of Street
Railway Section.
—
& Railway Co.- Judicial Sale,— At the aucAmherst, N. S., on March 8, this company's mines
and railway property were bid in f )r the bondholders by
Stuart Jenks of Amherst for $50,500. Timber lands embracing 1,900 acres were sold for $5,510. See V. 78, p. 3010.
Central ol Georgia Ry.— Car Trust Certifiaatea. -Thia company has registered under the laws of Georgia $162,000 of 4}4
p, c. gold eqaipment bonds issued last January and payable
in semi-anDual icstalments of $83,000 each, beginning July
1. 1905. These certificates were placed through Blair & Co.
Canada Coal
The balance sheet shov7soatataDdlng$158,6dL, 803 of capital
stock, bat of this amount $27,110,400 is "held as a reserve for
certain indebtedness and for the benefit of tbe treasury of
the company," leaving in the hands of the public and receiving dividends $131,55) ,400. See bond offering on page 1118
—
V.
,
&
Telephone subscribers Dec 31 (No )..
Balance for
Stock in subsidiary cos.
(cost)
$5,073,724
6 p.
:
1,
Bal
GENERAL INVESTMENT NEWS.
contra)
dueMwy
Total
$5,270,968
Dividends paid to Am.
Hardware Corp
163,000
BALANCE SHEET AMEBIC AW HARDWARE CORPORATION JAN,
Assets —
Liabilities ~
5,398,?.73
3,446,707
15,931,472
4,^76,142
3,224,224
6.^6,152
.
Total liabilities
2,901,132
6,389,419
2,530,833
485,225
2.298,610
15,269,613
3,707,163
2,524,368
2,530.833
f.
$168 862
$1,833
8,929,919
6,083,025
1,773,333
217,344
1,707,611
16,666,191
3,413,783
1,539,485
U. 8 Steel Oorp.bonds.
funds of subsidiary cos
Dep'n and eztln'm'c funds.
Imp't and replaoem't funds
Contingent & misc. funds..
Insurance fund
Bond sink, funds, with accretions repres'd by cash
and by reaeemed bonds
not treated as assets (see
8.
8.
.
Bal. Jan. 1, 1904
$4,722,727
Profit and loss 1901,...
548,241
Bal., sur., Jan. 1, 1905.
15,729,793
4,429.485
3,941,795
783,560
1,408,697
6,942,393
6,304,919
stock dividend...
Total
$5.8P2
163,000
4,15.9,291
5^8.302,500
510,281,100
360,754,327
1,617,697
7,099,481
6,304,919
Balance Jan. 1. 1904...
Dividends received.....
l,091,dl9
6,091,340
508,302,fOO
360,281,100
561,041,035
17,097,500
2,106,222
3,47e,642
18.830.454
3,539,135
2,416,569
INCOME ACCOUNTS TEAE 1904.
Am. Hardware Oorporation—
Subsidiary compnnies —
$126i000
42,029
Liabilities-
Common stock
Employees' deposits
Hardware Corporation on Jivn. 1, 1905; also a statement of the assets
and liabilities of the subsidiaries companies. You will notice that the
totdl assets of the subsidiary companies amount to $7,992,201— bills
and accounts payable amount to $868,533— th^i net assets amount to
$7,123,668. This amonnt, $7,123, t;68, represents the net assets of
the American Hardware Corporation, against which there is but one
liability, and that is theoapttal stock of $,'),OQ0,oO0. The net earnings during the year 1904 were $5i8,24l, or about the tame as for the
Dividends paid"(2is%)!
Expenses
48,944,190
1 ,591,014,068 1,583,845,298 1,546,544,234
Total assets
Philip Corbin, President, and C. E. Wf^tmore, Sec, say :
With this notice you will find a general statement of the American
year 1£03.
As to increase of capital stock see page 1113,
3,090,937
Inventories
a94,812.546
Accounts receivable
36,150,1517
Bills receivable
3,124,248
733,i71
Agents' balances
Sundry stocks and bonds...
7,141,737
Cash
Contingent fund
Amerlran Hardware Corporation, New Britain, Conn.
(Report for Fiscal Year Ending Jan. 1, 1905, J
31.
A$tets—
Prop's owned and operated
Vol lxxx.
80, p. 999, 873.
tion sale in
V. 80, p. 221.
Provident Loan Society of New York.
^Report for Fiscal Year Ending Dec, SI, 1904.
The report for the calendar year shows as follows
Chicago Milwankee
190*i6,288,260
.... 2,922,096
1903.
$5,676,091
2,647.000
1902.
$3,866,325
1,553,500
Running expenses
$339,504
101,361
$260,183
74,983
$172,643
60,821
Net earnings
Deduct—
¥238,143
$185,2150
$111,822
SlatisHesAmount loaned during year
Capital employed end of year
Income account —
Interest earned on pledgee
Interest on bonds, oertifs. of contribution, etc
Surplus for year
141,035
103,117
68,842
$97,108
$79,133
$42,930
V.
79, p. 2162.
31, 1904,
was $29'3,098.—
St.
Paul Ry.-See White River
p. 1021.
—
Chicago Subway Co.— Important Mail Contract, See IlliTunnel Co., below.— V. 80, p. 871, 650
Cincinnati Hamilton & Dayton Rj.—Sale of Car Truata.—
The company has sold to Ru'lolph Kleybolte & Co. an issue
of $1,080,000 i}4 p. 0. eqaipment trusts dated April 1, 1905,
and due in twenty semi-annual instalments of $54, COO each
from Got. 1, 1906, to April 1, 1918, inclusive. Toese securities, which are now offered by the bankers, are described
nois
:
Equipment
Tte accumulated surplus on Djc.
&
Valley Ry. below.— V. 79,
trust 4>« p. o. Kold notes; dated April 1, 1905; Interest
payable April 1 and Oct. 1 in New York; denomination $l,(iO0;
Central Trust Co. of New Y >rli, trustee.
Issued In couoon form.
These notes are Issusd for »0 p. c. of the cost of new equipment, oonsls ing of 264 cars (passenKer. parlor, ba^^aiie, ooiublnatloa mail and
barrKaKO, pontal ann steel coal) and 3iJ locomotives, 10 p. o. of the cost
being paid in cash.
Mar.
THE CHRONICLE.
18, lyOo.j
Notes So/d.— The $15,000,000 of ^% p. o. collateral notes deweek were purchased from the Central Trust Co.
by Redmond & Co., who proposed offering them for public
subscription at 98^8 ^.'^'i interest. It ia understood, however,
that private applications received by the banners have been
sufficient to absorb more than the entire issue.— V. 80, p.
scribed last
1053, 871.
Colorado & Sftuthern 'Vij.—AUy —See Colorado Springs &
Cripple Creek Di8:rict Ry. below.— V. 80, p. 650, 599
Colorado J^prings &, Cripple Creek District Ry.— iVezc Con^eio Officers.— This company, wbich wfli« recently purtrol
chased by or in the interest of the Colorado & Southern Ry.
Co., announces the following changes in offlaers:
Preeldent, Frank TrambuU; Vice President, J. M. Herbert, [respectively President and Vice-President of the Colorado & Soathern]
Baoceedlrg Irvlrg Howbfrt and William Lennox.
Nf-w Directors: B. F Yoakum, Edwin Hawley, Hans Wlnterfeldt.
6. M. Dodg<». Frank Trumball and J. M. Herbert.
Directors Reelgned: F. M. Woods, Frank G Peck, William Barth, E.
A Colborn, John T. Mllllken and O. M. MacNeUl.—V. 80, p. 472.
Colanibla River & Nortliern Rj.— Sold.—This road, exterding frcm Lyle to Qoldendale, Ore., 46 miles, has been
purcbssea by H- P. Scott, of the banking bonse of Scott &
Co., WilmiDgton, Del. The company has outstanding about
1300,000 stock and about $700,000 bonds. The equipment
includes 3 locomotives, 2 passenger cars and 67 othtr cars;
also 4 vessels, constituting ihe Regulator Line of steamships.
The purchaser acquires about an 80 p. c. interest in the
property. Advices from Portland, Ore., where the ownership was located, say th^it the sale released some $800,000 of
—
nil
which $11,502,000 are deposited with the trusmortgage as additional security."
Leciaion,— 86e Northern Securities Co., V. 83, p. 1059.— "V.
sion
first 4s, of
tee of this
79, p. 1958, 1949.
Grceawicli (Conn.) Tramyvny.— Consolidation,— See New
York New Haven & Hartford RR. bebw.— V. 80, p. 117.
Hamilton (Ont.) Cataract Power, Light & Traction Co.—
Bonds— Earnings.— N W. Harris & Co. recently, when offering a block of the first and refunding mortgage 5 per cent
,
gold bonds ($723,000 outstanding), reported
Reenlts for the year ending June 30, 1904, as famished by com:
pany: Oross earnings, $713,415; operating expenses. Inolaalng taxes,
insurance, rentals and maintenance charges, $424,966; net earnings,
$288, '449; annual Interest charge on all bonds now ontstandlng,
$118,650; aurpius, $169,799.
Oatstanding capital stock Dae. 31. 1903: Common, $1,700,Sub company
000; 5 p c. cumulative preferred, $2,278,000.
bonds, $1,200,100. Compare full statement in V. 76, p. 1407.
—V.
78, p. 770.
Hartford (Conn.) Street Ry.— S^aZe.- The Consolidated
Railway Co., controlled by the New York New Haven &
Hartford RR. Co., has arranged to purchase control at $285
cash per share (par $100), paying also 285 p. c. for the East
Hartford & Glastonbury Horse Ry. Co. convertible deben-
The boobs, it
tures, all holders to receive the same terms.
stated, will close March 25, and the transfer will be made
at the Security Company, Hartford, on or before April 5.
Total capital stock, $1,000,00 J; total aforesaid debenture?,
$200,000.- V. 80, p. 600.
is
Hocking Valley Ry. Rights of Preferred Stock,— Thla
Lighting Co.— Half-Yearly Slate- company's preferred shares are entitled to participate equally
ment.— The results for the half-year ending Dec. 31, 1904, with the common stock in dividends after 4 p. o. has been
paid on e^ch class of stock. The plan in V. 68, p, 231 stated
are reported as follows:
local capital.
&
Conneetient Railway
Income—
Oross.
Net.
$773,664
191,722
150,850
$289,377
62,901
48,781
Total
$1,116,235
-V. 79, p. 2747, 2746.
$401,059
Kallway
Electric
Gas
Deductions
—
on bonds
$263,432
on oonstmct'n loans
7,390
Interest
Int.
Total dedactlons
Balance, snrplas
$270,822
$130,237
vestors' 8UPPLBMENT ap to Ootober, 1902,
Ry — (7o»«oKdaMon. — The
Connectfcnt Valley Street
shareholders of the Greenfield & Turner's Palls and the
Greenfield Deerfield
Northampton (V. 78, p. 102), having
duly votf d to consolidate with the Northampton
Amaeret
Str. eb Railway Co., the last-named compaoy has applied to
the Massachusetts State Railroad Commission for permission
to increase its capital stook from $180,000 to |490.000. in
order to tafee up the stock of the Greenfield
Turner's Falls
Road ($130,(00) at 138 and the Greenfield Deerfield Northampton ($180,000) at 72. Later on it is proposed to change
the name of the company to the Connecticut Valley Street
Railway and to increase stock to$5C0,000. Underlying bonds,
$460,000; nothing definite yet as to new bond issue. See each
company in Street Railway Section of Feb. 25, 1905. Compare V. 80, p. b71.
&
&
&
&
CoDBolidated (Electric) Ry. Co., Connecticut, Etc.— F^r
c/iaw.— See New York New Haven & Hertford RR. Co. below.— V. 80, p. 472, 222.
Denver Nortbwestern & Pacific Uj.— Description, of Enterprise.—The "Engineering News" of March 9 end "Railroad Gazette" of Marchjl9, 1905, contain illustrated articles
regarding this road as built and projected.— V. 80, p. 996.
Detroit Southern
BR.— Termination
of Voting Trust.—
The voting
trust agreement of June 1, 1901, has been terminated and holders of stock trust certificates for preferred
and common stock are requested to surrender the same,
properly indorsed, to the New York Trust Co,, No. 26 Broad
St., New York City, at once, for the purpose of exchange for
certificates'of capital stock of Detroit Southern RR. Co.
Sale May 1. The foreclosure sale is advertised for May 1
at Springfield, Ohio; upset price, $1,000,000, subject. to'Ohio
Srnthern ^division, $4,500,000 mortgage of 1901.— V. 80, p.
—
1068,
9<J6.
Rj—
Detroit Ui.ited
Statement to Stock Exchange.— Ihe
New Ycrk Stock Exchange has authorized the listing of
$4,267,000 of the first consolidated mortgage 4^ p. c. bonds.
Of this amount $807,000 are still in the company's treaeury,
but sold sul j->ct to deliv*:ry on demand. The facts regarding
the mortgage are very fully set forth in the t flfiijial statement
made to the Escbange in connection with the application to
list the bonds.
This statement will be found at length on
pages 1128 and 1124. It gives a brief history of the company,
its capitalization, balance sheet, earnings, etc.— V. 80, p.
1058, 708.
Georgia Railway & Electric Co. of Atlanta, Gio. -Bonds
Ogered.-B.. W. Poor & Co., Boston, are offering a block of
the first cotsolldated mortgage 5 p. c. sinking fund gold
bonds of 1902 at 1083^ and interest.— V. 80, p Til.
Great Northern Ky.— Bonds ,SoM.— Clark, Dodge & Co.
and the Flret National Bank of this oiry have pnrchused
from the Greit Northern Railway Co. £1,000,000 St. Paul
Minnenpolis & Manitoba Railway Pacific extension 4 p. c. gold
bonds, Que July 1, 1940, principal and interest assumed by
Great Northern Railway Co.
Fixed rata of exchacge,
Authorized Issue, £5,000,000; outstanding, including present iseue, £1,000,C03.
"S-cured by absolute first
$4*848484.
mortgage on
the position of the preferred shares substantially as follows:
Preferential right both to dividends and paymentot principal Id case
of liquidation and enbjeot to the statutory right of the company to redeem the same at par. Whenever 4 p. o. dividends shall have been
declared on both common and preferred stock for any fiscal year, any
farther dividends for ench year shall be equally for the benefit of all
shares, whether preferred or common. Compare V. 68, p. 231, or In-
all of the company's lines in Idaho and Washington, aggregating about 435 '60 miles; further secured by
2 I mortgage on lines of companv in Montana, aggregating
about 88323 miles, subject to $21,637,000 Montana Exten-
Earnings of Controlled Coal Property.—See Continental
Coal Co. under Industrials below.— V. 79, p. 1282, 1282,
Illinois Tannel Co.— Mail Contraet,—J. B. Russell & Co.,
N. Y., the company's fiscal agents, confirm the following:
The Post-Offloe Department has made a contract with the company
for transportation of malls under the streets of Ohloago, between the
post-o£Boe and the railway stations, and between all railway stations,
at a charge of $172,600 a year, commend Qg on June 30 next, A.11 the
terminal stations are now reached by this ander.;roand railway system except the Chicago
North Western, and a subway will at once
be extended under the river to reach that line. A5 present the firstclass mall is sent between the post-oflaoe and various stations through
pnenmatlc tabes and the heavier mskii is carried in wagons.— V. 80,
&
p.
600, 472,
Interborongli Rapid Transit Co.— Dividend No. 5. —The
directors on Wednesday declared dividend No. 3, viz,: 1%
p. c, payable on Aprir4, 1905, to stockholders of record on
March 20, 1905, Divideod No. 1. paid July 1, IfiOl, was 2
Thereafter it
p. c; dividend No. 2, paid Jan. 2, 1905, 3 p. c.
was announced the distributions would be quarterly. —V. 80,
p.
1058, 711.
Inter-State Railways.— i^epo^^— The report covering the
year ending Jan. 31 shows:
1904-5.
Dividends on $3,592,200 stock of United Power &
Trans, Co, (see V.78, p. 284. 288; V. 80, p. 713).. $343,414
62,170
Other Income
Total income
$406,584
on Inter-State Bya. collateral trust bonds. ...$377,170
56,019
Expenses account and taxes
Int.
1903-4.
$382,210
21.286
$403,446
$323,280
9,979
def,$27,635 Br.$70,l86
Balance for year
Balance to credit of profit and loss Jan. 31, 1905, $42,552.—
V. 79, p. 2147.
Lehigli Valley RR.— Acquisition,— ThiB comoany's subsidiary, the Lehigh Valley Coal
Co., has purchased the
property of the Wyoming Coal & Land Co., including about
300 acres of coal land, and the Griffith colliery, which has a
capacity of 600 tons per day.
Neio Director.- Gaorge H.
been elected
a director
McFadden
of Philadelphia has
succeed Beauveau Borie, re-
to
-V. 80, p. 222, 117.
Long Island RR.— Sale of Bonds,— The company has
to Kutin, Koeb & Co. an additional $6,000,000 of 4 p. c.
signed.
sold
first
and refunding bonds of 1904, guaranteed by the Pennsylvania
RR. and issued for new terminal facilities, equipmeat, etc.
A
part of this block was issued in ex(See V. 80, p. 697.)
chacge for unitiid bonds in the treasury, thus reducing the
amount held for refunding from $26,605,000 to $32,592,000.
The authorized issue, $15,000,000, is outstanding or available as follow!-:
Iseued ar^d outstanding.....
$17,891,000
4,517,000
Available In treasury
Reserved for refunding
22,592.000
-V,
80, p. 997, 600,
Manistee Filer Ci'y & East Lake (Electric) Ry.—ScZi.
At Grand Rapida, Mich., on March 8, John S. Lawrence,
Master in Chancery, sold this property for $51,000 to Walter
representing Gay & Co., who
S. Trumbull of Salem, Mass
are acting for the bondholders.— V. 78, p. 103.
New Orleans Railways. nan Effective— Deposit^.— The
New York Trust Cj. announces that 94 p c. of tne bonds of
1902, 933^ p. c. of the preferred stock and 97 p. c. of the common stock have been actually deposited under the plan of
,
THE CHRONICLE
1112
fVOL. LXXX.
Tb^ plan has thorefore b-en declared
reorganization,
operative. See plan V. 80, p. 651. Farther deposits will be
received until and ioclndins: March 20.
Improv'mcnts.-' Ja 'gs Djn A, Pardee of the United Spates
Circuit Court at New Orleans on March 9 authorized the reoeivera to expend $178,370, as follow?: For additional eqnlpment of plectric-light plant, $110,000; rpconatiuction of
tracks, t!26,7T0; new rolliag stock, $6,600,— V. 80, p. 998, 651,
New York Central & Iladgon Birer ?IB,.— JSumors— The
reports that the Hirriman interests have acquired or are
arranging to acquire a majority of the stock, and will cause
the Union Pacific to issue Its collateral bonds ^herefor, and
North Western, have
also for the control of the Chicago
member of a banking
again been in circulation this week.
house closely identified witbi the Union Paoiflo interests is
quoted as saying that he purchased control of the Central
several wef ks ago, but on the other hand a member of an
equally prominent houae, long affiliated with the Vandarbilts, professes to have striven in vain to ascertain what is
going on. The general belief is that the Ha-riman interests
have acquired at least a substantial block of the stock, but
whether the plans now in contemplation involve more than
a further unification of the Vanderbilt lines, possibly through
a holding company, is a question so far as the public is con-
not distant future, bearing S}4 P- c. interest and convertible
into stock, at option of holder, on the basis of $100 stock for
$150 in bonds, but this is not confirmed.
Purchase The shareholders also authorized the purchase
of the coatrolled line, the Pittsburgh Virginia
Charleston RR.
Imprcvaments.—Ttie directors at a meeting held in PJiila
delphia on March 8 authorized the expenditure of about
$30,000,003 for construction and equipment, chiefly for new
rolling stock, much of which has already been ordered, and
for the completion of improvements already undertaken,
these including the elevated freight road and new freight
station at Plttsbu"gh; second, third and fourth tracks on the
New York, Philadelphia, Middle and Pittsburgh divisions;
larger freight yards, two four-track bridges across the Juniata
River near Lewistown, etc. The agijregane of last year's
expenditures on the system bat^veen New York and Pittsburgh, including .$?, 514 23S paid on account of the principal
of car trusts, was |21, 689,655, of which |13, 199,494 was
charged to capital account and $9,470,161 ag unst the incoma
of that year.
Tae appropriations for the lines west of Pittsburgh and Erie, it is underatooa, will also be on a more lib*
eral scale this year. S'^e page 966 of Chronicle for March 4;
cerned.— V.
Philadelphia Biltimore & Washington KR,— Report.—
The results lor the ye^r ending D-)C. 31 ware:
&
A
80, p. 232, 117.
—
&
also report, p. 1008.
-V.
80, p, 994, 1002.
New York & Jersey (Taanftl) UH..— Franchise Fin alJy
Year—
Oross.
Ntt.
0th. inc. RentaJs,
Chargen. Bal. for div.
Granted.— Mayor McCIellan on Mar, 13 sigURd the ordinance 1904
$*!05,x26
|S74.089
$S.1SO,079
§18.603,883
$3,613,892
$1,325,670
this
comas repassed by the Board of Aldermen gran''Jng
1903
681.118
13,650,207
3,831,119
822,257
1,029,260
a,660.72o
pany the right to extend its tunnel under 6th Ave, and 9th
From the balance as above ($2,120,079 in 1904) were paid
Compare V. 80, p. 651, 163,
St.
dividends of 4 per cent (|939,566), leaving a balance of
New York New Havfin & Hartford RR.— Purchase.—Bee 11,180,513, all applied to extraordinary expenditures.— V. 79,
<fce.
Hartford Street Ry. above.
p, 2148.
An offer
of $225 par share in preferred stock of the Consolidated Ry. Co. is said to have been made for the shares of
the Springfield Street Ry. Co.
The stockholders of the Stamford Str<^et Ry. Co. voted on
Tuesday to merge with the Q-rpenwich Tramway Co. under
'"
title of "The Stamford Ry. Co
J
New Director.— livaQB S. Elton of Waterbury was elected a
director to succeed William D. Bishop.— V. 80, p. 872, 223.
New York & North Jersey Rapid Transit Co.— New
Enterprise
Tois company was incorporated in New Jersey
on Jan. 31, 1905, with $200,000 stock, which, it ia stated, will
later be increased to $7,000,000 par of shares, $100. It proposes to construct a high-speed third-rail electric road, 13^^
miles in length, from Weehawken, N, J,, opposite 44ta
Street, New York, to Paterson, passing through Passaic and
Rutherford, Ic is stated that the road will have no grade
crossings, being an elevated structure in Paterson, through
Passaic, and tunneling through the Bergen hill. Construction, which will begin in the spring, will cost, it is estimated, $7,000,000. The road is expected to be in operation
within two years. The incorporators induie the foUowine:
WllHatn Barbour. Prealdent: of the Linen Thread Co. of New York;
John W. GrlKjTS, President of the Paterson National Bank and exAttornnv-Qsneral of the United States; M, B. MoAdo; John B Lee;
Henry H. Parmelee, Secretary and Treasurer of the Hamilton Trust
Co. of Paterson; Edmund L B. Gardiner, Rldgewood; Hobart
—
;
Shawmat & NortharnRR.— Car
Trusts. —This
Co. t470,0C0 5 per
to F. J, Li^mau
cent serial gold car tru3t bonds, dated March 1, 1905, payable in fourteen semi-annual instalm'^nts.
This issue is
secured by 542 coal cars, 3)0 box cars, two baggage and mail
cars and four h^avy locomotives; total valuation, $610,000,
leaving a cash equity of about $140,000. Interest payable
The cerSept. 1 and March 1 at Colonial Trust Co., trustee.
tificates are offered at an average price of 100 and interest.
-V. 79, p. 1034.
Filtsbargh
company has
&
sold
Rio Grande Sierra Maire & Pacific RB.— Eufeusion.SaeGreene Gjld Silver Co. under "Industrials" below.- V.
80, p, 164,
St. L«n38 & Stin Franc i;JCO RR.— Notes Offered.— F&rBon,
Leach & Co. are offering at 98 and interest $1,000,000 of this
company's 4*^ p. c. gold notes of $1,000 eaoh, dated Fab. 1,
1905; aufhoriz^d issue $4,500,0 JO ; present issue, $4,000,000.
See particulars in V. 90, p. 601.
Sierra Railway, California— Bonds.— W. B, McKeand
Co., The Rookery, Chicago, offered at 115 and interest in
January IbSt $75,000 of the first mortgage 68.— V. 79, p. 1024.
Springfield Soath Charleston Washington Court House
& Chillicothe Traction i^o.- Receivership. At Springfield,
O., on March 14, this property was placed in the hands of
Sprague, New York.
Stacy B. Rankin as receiver under a lien for $31,676 for maA bond issue for $1,500,000 was reported
terials furnished.
New York Ontario & Wesleru Ry. Minority Stock.—
rise of some six or eight points, up to 62, with much activity some weeks ago, a part of which was to be taken by the conin thft trading in this company's shares, has been >fccom- struction company that contracted to extend the road
panied by rumors that the stock would be guaranteed 2J^ p. from South Charleston to Chillicothe. The line was put in
operation from Springfield to South Charleston, 0., on
c. in divid'^nds or that it would be turned over to the New
York Central on a basis of 3 p. c. for the stock. In welMn- D3C. 28, 1904, having been built, it is said, at a cost of $246,000.
formed circles these reports are discredited. The New York
Southern P^iciflc RR.— First Refunding Bonds— The
Central interests, it is said, are more reconciled with the New Southern Pacific Company has given out the following inforHaven's control of the road than when it was first announced mation in reference to the Southern Pacific RR. Co. 'a new 4
It is thought that some traffic arrangement may be entered p. c. first refunding mortgage gold bonds, due Jan. 1, 1955:
into between the New Haven and the Central.— V. 80, p. 872,
All or any part subject to redemption at 105 p. c. and Interest on
Jan. 1, 1910, or on any Interest date thereafter. Interest payable
651.
Principal and Interest uncocdltlonally Kuaranteed
I and Jan. 1.
New York & Stamford (Conn.) Ry.— ConsoKdaWon,— See July
by the Suuihern Paoltto Oompaay. Coupon bonds of $1,000 and $500
New York New Haven & Hirtford RR. Co. above.— V. 80, each, with privilege of registration as to principal only. Coupon
bonds exohauKeable for registered bonds. Registered bonds rep. 118.
exohangeabie lor coupon bonds.
Norfolk & Soathern B.K.— Bonds Offered.
Lawrence
These bonds are secured by a mortgage on all the railroads and the
now owned hy the
Barnum & Co. are offering at 108 and interest a small block franchises and property appurtenant thereto
Paoiflo RR. Co. In C<»llfornla, Arizona and New Mexico,
of this company's first general mortgage 5 p. c. gold bonds Southern
subj cc only to the present mortgages, under which no further bonds
of 1904; authorized issue $10,000,000; outstanding $4,400,000; will be Issued and which will not be extended ai maturity, and for the
of which |1 655,000 reserved to retire old bonds at or before refunding or redemption of which a sufllulent amount of new first
refunding mortgage gold bonds are reserved. The first refunding
maturity. Compare V. 80, p. 478.
mortgage will therefore eventually become a first Hen on the entire
Penngylvania Company. Application to List. The New railroad property now owned by the company. Of the $93,68 2,600
prior Hen bonds, $41,517,000 mature or have been called for redempYork Stock Exchange has been requested
list securities of
&
—
—
—
to
the system as follows
Pennsylvania Company 40-year 3>4 p. o. guaranteed
trust certlfloates of 1942 and 1914. series "O" (f 5,030,000) aid -D" ($10,000,000). See V. 79, p. 8457
$15,000,000
:
VandaMa
m. stock (see below)
.
&
Plttsburifh Clnolnnatl Chloa^o
Ht. Louis R7. Oo. oonsol.
mormaxe 4s. series "F"' of 1953, Bee V. 79, p. 1267....
-V. 80. p. -^23.
14,649,500
9,000.000
Pennsylvacia RU.— Bonds Authorized.— At the annual
meetirg held in Philadelphia on Tuesday the shareholders
authorized the directors to issue $50,000,000 bonds from time
to time as required, either secunng them under the consolidated mortgage of 1878 or making them convertible Into
A
capital stock at option of board.
part of the new issue, it
is announced, will be used to retire the $27,000,000 of 6 p. c.
bonds maturing in June and July next. The stockholders in
March, 1903, authorlz>d the sale of $50,000,000 bonds which
have never been issued, making $100,000,000 available for
present and future requirements. (Compare V. 76, p. 594.)
Rumor has it that a block cf the bonds will be issued in the
tion on or before 0')l. 1, IGO.'i; of the remaining $i9,l6,s,500 bonds,
$36,680,0 >0 mature during the next (about) seven years, leaving only
$13.4S5,' 00 bonds to mature thereafter.
The total authorized amount of the mortgage Is $160,000,003, to be
Issued as follow?
$93,682,500
To refund or redeem a like amount of prior Hen bonds
For use In refunding or redeeming prior Hen bonds, any
—
balance for other purposes
of the company...
For construction, betterments, additions, etc
On demand
Farson, L3ach
&
35,000,000
"fS, 000,000
26,317,500
Go. are offering a block of the bonds.
—V,
80, p. 601.
&
Stamford (Conn.) Railway.- Se^ New York New Haven
Hiriford RR, above.— V. 77, p. 251.
UndergrouBd Electric Raiivyays, London.— Sale cf De-
bsnture Utock of Subsidiary Company.— Spsyer Brothers recently offered in Londoa at 97 D. c. the following securities
of controlled Tube companies:
Oharlng Oross Euaton & Hampstead By.— £300,000 4 p. c. perpetua
debenture stock, payable 10 p. c. on application, 15 p. con allotment
25 p. 0. on Jane 12, 25 p. c. on Aug. 10 and 22 p. o. on Nov. 10, 1905]
Mar.
THE CHRONICLE.
18, 1905. j
Interest payable Jan. 1 and Jaly 1. Company's total borrowing,
power Is limited to £1,442,000. Authcr'zed f-hare capital. £4,326,000,
of which £2,000,690 has been leeued and is fally paid and £4,5lo has
been igened and U 20 p. o. paid.
Great Northern Piccadilly & Brompton Ry.— £l,200.r00 4 p. o. perpetual debenture stock. SubsoriptloES payable at same limes and in
same amounts as Charing Croes leeue above. Company's total borro-wirg power is limited to £1.691,000. Anthorlzad share capital
£5,0Vf>,cC0, of which £2.739,880 has been issued and Is fully paid
and £3,000 haa been Issued aLd 20 p. o. paid.
Railway
See maD ou page b85 of
V. 80, p. 1C60.
& IndustriaLi Section.—
Yandalia KR.~Bonds Authorized.—The fharel: ciders on
March 15 authorized the new $a5,C03,000 bond iesue, of which
$5,927,000 will be need to pay matured indebtedness, $4,700,OCO is reserved for morigage bonda not matured and |13.373,000 is available for improvements. Compare V. 79, p. 2148.
1113
President Edward D. Baston says:
In this, the eighteenth, year of the company, and the twelfth year of
the present management, it is a gratifying fact that the demand for
our product continues to be largely in excess of present manufacturing faollltles, although we operate our factory day and night. The
policy of reserving in tbe business a conservative proportion of the
profits has been cnntlnued and now the undivided profits aimount to
more than $1,000,000. Our preferred stock has paid at least 7 p. o.
per annum from the time of the flrs'c Ifsue in 18»5. Twenty-nine dividends on the common stock have also been paid, the total dividend
payment aggregating over $1,000,000.
Ou+Btandincratoekia now: Common, $1,202,000; preferred,
Sea report, V. 80, p. 474, 321,
$1,650,820.
American Grass TwJne Co.— -Veto Directors.— Tbe follownew directors are announced
George E. Liadley,
The mas J. Hurley and John Kirkpattick. The board has
been entirely changed within tne last tivo years
Office 377
Broadway.— V. 80, p. 224.
ins:
:
Western Maryland KR.—New Equipment —The company,
announced, will expend during the current year nearly
American Hnirdware Corporatism, New Britain, Conn.—
$2,000,000 fornew rolling Btcck and new raile, aq follow&: New '^:ioek.-~ At theansual m.-etiog on Feb. 23 tne share26 locomotives, 18 beirg of consolidation type; 1,60D freight holders voted to increase the capital stock from $'. 000,000 to
it is
cars (500
ste*-),
remainder
fteel under-fram*-); 8 cars for paip. 601, 473.
eenger service; 3,3C0 tons of eteei rails.— V. 80,
White River Valley B.B.—Fossib'y a St. Paul Prefect.—
This company, incorporated in Soutn Dakota last F»-.bruairy
with $50,0:0,000 of authorized capital stock, is emp jwered to
build from Chamberlain (S. Dab.), the preeent western terminus of the 8t. Paul, westward to the wt stern boundary of
the State, 203 miles, etc. Work upon the new line is reported to have begun in the neighborhood of Dead water. R'^ports from the West stafe that it Is ccmmcnly btlif vtd tbiii
the new company is an ally of the Chicago Milwaukee & S
Paul. The incorporators are:
O. L Branron And M. C. Betts of Mitchell, S. D., and Edgar A. Bancroft, James P. Whedon and Charles E. Sonle of Ohioago.
.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Allig-Cbalmers Co. New Oentral Manager. — Walter
H.
Whiteside has been made Vice-President and Generfil Manager, a popiiion created for him and not cor fl ctlng with tbat
of Vice-President Chalmers or President Warren.— V. 79,
p. 2087.
American De Forest Wireless Telegraph Co.— Ponds
Offered.— ThiB company is cfierlcg for sale a block of 6 p. c.
20-year first mortgage gold bonds, isfue limited to $500,000,
interest quarterly, Mar. 1, etc.
Denominations $100, $5f)0
and $1 ObO. Tbe bonds are dated Nov. 3, 1904; due 1924,
without option of earlier redemption; they are convertible
at pleafcure of holder into 7 p. e. preferred stock (cumulative
and participating) at any time within f cur ^ ears from Feb,
1, 1906; denominations $100, $503 and $r,00O.
"No prior
Hens outstanding.
Trustee, Greater
Co. An advertisement sajs
This company has about 60 stations in
New York
Security
:
large cities erected and
doing a commercial business In dlflf^rent psrts of ihe country, and
nearly as many more in conrse ot erection. In New England there
are stations being built now Bt Boston, Hariford and Bridgeport.
New Haren Is dolns; business with New York dally Providence Is
completed and will he working In a few duys. Prcjtjoted to build this
spring: Springfield, Worceeter, Fall River, and Portland, Me. The
United States Government has 17 stations woiklng, besides a number
of warships. Armour
Co. have private lines In their stockyards
at Chicago, Omaha, Kansas City and 8t. Louis. One of the largest
bankers and brokers in Kansas City, Mo., recently made contraor
with us for $100,000 a year for private lines. Our expenFe on this
contract for one year is $30,000. We have recently sent "Aerograms" from Key West to Kansas City, Chicago and Cleveland, over
3,?>00 miles, without relay. Everv station erected is doinsr satisfactory woik, whether it is In Alatka, Central America or the U. 8. A.
&
Compare
—V.
report of Marooni Wireless Telegraph Co. below.
79, p. 2798.
$7,5(0,000; slso to acquire the stock of the Corblu Cabinet
Lick Co. ($2G0,000) on the basis of $600 of Hardware CorporaThis acquieitioa
tion stocs for |1C0 of Cjrbin stock.
will rf quire $1,2CO,000 of the new stock, leaving $1,300,003
thereof unappropriated and issuable for future require menta,
press dispatch to
upon vote of tne board of directors.
A
the "Hartford Couraat" says :
The Cabinet Look Co. is paying a regular dividend of 10 p. o. and an
extra dividend of 5 p. 0., and it is said that there ia some hope this
year of its reaching 20 p. o- The American Hardware Corporation
has recently increased its dividend from 2'a p. o. yearly to
p. o. a
quarter. Charles Miller of Waterbury and George W. Corbln were
added to the board to represent the Corbln Cabinet Look interests.
The increase in the dividend rate and the change in the
dividend period were adopted by the diredtors at a meeting
i.
in December last. At this meeting a dividend of 4 p. c. was
declared, payable 1 p. e. April 1, Jaly 1, O^Jt. 1, 1905, and
Jan. 1, 1906, out of the earnings of the year 1904, The first
dividend uatler the new rate, therefore, will be payable Apr.l,
At present the total amount of stock outatanding is $5,000,000, but ttiis will ba increased to $6,200,000 between now and
May 1, due to the absorption of the Gorbin Cabinet Lock Co.
There is only one kind of stock- all common. V, 76, p. 1802.
—
Ameriian Iron & Steel Manafactnring Co —Dividends
Resumed on Common.- Thecommon stock being now |2,550,000 full paid, the company has resumed dividend.^ thereon by
the declaration of a dividend of "p. c, payable with the regular quarterly dividend of IJ^ p. c. on the preferred on April 1
to holders of record March 35. See V. 80, p. 999, 709.
American Telifphone & Ttlegraph Co.— Output. —The output of instruments for the month and two months ending
Feb. 28 was
-^
Month
2 Months
:
.
,
To Feb. 28—
Gross output (number)
Net output (number)
Total outstanding
lii4,301
1904.
84,402
86,724
47,309
1905.
,
1905.
264,935
179,658
4,660,'222
1904.
175,046
101,099
3,880,616
Report for 1904.— ^e page 1110.
bonds Payable in QcH. The directors have voted to make
payable In gold. Instead of currency as heretofore, the principal and interest of the bonds i'^saed atd issuable under the
—
collateral trust mortgage of 1899 and also the $10,000,000
American Bell debentures of 1898. This step was taken because of the sale of a large block of bonds abroad, as noted
last week, so as to insure a wider market hereafter ior the
company's bonds. The $20,000,000 collateral trust notes of
1904 were already pavab^e in gold.
Bonds Offered, - Over $5,000,000 of the block of $25,000,000
collateral trust 4 p. c. gold bonds recently rurchssed by
Kidder, Peabody & Co. and Barirg Brothers & Co. have been
American Gas Co. of Philadelphia.— O^eringr of Ouararr sold and the remainder is offered for subscription, by adteed Bonds Conlrolled Properties.—8te Burlington (Vt.) Gas vertisement on another page at 96i>^ and interest. Subscriptions are being received as follows:
Light Co. below.
The American Gas
owns and operates the following
In B'lston by Kidder, Peabody & Co.; in London by Baring Bros. &
Co., Ltd.; in Amsterdam by Hope & Co.; in New York by Baring,
gas, electric-light and power properties
Magoun & Co In Philadelphia by Edward B. amith <& Co.; in 8t.
Burlington (Vt.) Lt. & Power Co.,
Peru (Ind.) American Gas Co.,
Louis by the 8c. Lonls Union Trust Co., and In Chicago by the First
Bangor (Malre) Gas Lleht Co.,
Portage (Wis.) American Gas Co.,
Trust & Savings Bank.
CantOE (Ohio) Gas Ll'ht &CokeCo., Rochford (111.) Gas L'c A Coke Co..
The company owns the so-called "long distance" (Bell)
Elgin (111.) American Gas Co..
Bteubenvllln (Ohio) Xrao. & L't Co.,
Co.
:
;
Kingston
(N. Y.)
Gas
& Elec.
Co.,
Waukesha (W;b Amer. Gas Co.,
& Electric Co. in V. 80, p.
)
Compare Western United Gas
875.— V.
79, p. 272.
American Graphophone Co,, New Yt^rk iity.— Debentures
—Option to ikubiicribe.— At a meeting of the directors held on
Feb. 25 it was unacimouply refolved that it would be advantageous for the rapidly-growing business of the cotapany
to receive additional capita), and that to this end there be
offered to stockholders of record March 15, 1905, the privilege cf 8ub?oribicg at 87»^ p. c. to an iesue of ten-year 5
p. c. convertible conpoo gold debentures to the extent of 2(J
p. c. of their stock holdings.
Tot»l authorized issue, $600,dencmin&tiODs, $100, $500 and $1,000. Principal due
April 1, 1915; interest payable April 1 and Oct, 1 at office of
Robert Winthrop & Co., No. 40 Wall St., New Y'ork. The
debenture.^! will be convertible at par into the preferred 7
p. c. non- cumulative etock at the option of holder at any
time before maturity, and will be redeemable a"", option of
000;
company
terest
April
25 p.
at 105 and interest upon 60 days' notice or any inday before maturity. Subscriptions will be payable
1,
1805; also at option in four instalments as follows:
April 1, 25 p. o. May 15, 25 p. o. July 15, 25 p.
Sept. 15, 1905, interc'st to be adjusted a;;oordirgIy.
c.
c.
telephone lices throughout the United States; also capital
stock in about 40 oompHnies operating throughout tne United
States and Canada, the average holding being over 60 p. c.
It bas paid dividends each year from April, 190O, to date at
the rate of 7>^ p. c. per year; its predecessor, the American
Bell Telephone Co., paid an equivalent or greater rate from
1884 to 19(0. Stock now in hands of public, $131,551,400.
BONDS AND MOTES ODTSTANDINO AGOBEGATB $83,000,000, IKCLUD.
ISO BONDS NOW OFFERED.
American Bell Telephone Co. 4 p. o. bonds, due 1908
$10,000,000
American Telephone A Telegraph Co. 4 p. c. bonds, due
1929
American Telephone
& Telegraph
53,000,000
Co.
,°>
p. c.
notes,
due
May 1, 1907 (secured by iZ5.OOU.000 Ameiloan Telephone & Telegraph Co. 4 p. o. bonds, Hd:lltional to those
above named)
20,000,000
These bondis are stcared bv tdp deposit of " ptocks and
bonds of 6.nbaidiary companies (with the Old Colony Trust
Co. of B )stou) of a par value of $90, 10), COO, having a determined valu^ of $118,328,052." The trust deed provides that
the determined value of tbo collateral deposited shall equal
in value 33}^ p. c. more than the amount <~f bonds issued.
See earnicgs on page 1110 of to-daj'a Chronicle.— V. 80, p,
999, 873.
THE CHROXICLE.
in4
Atlas Portland Cement Co.— Mortgage Filed.—The company has filed a mortgage for |5,0C0,C09 to the Bankers'
TroBt Co. of New York Citv and George A, Mahan, trustees.
See further particulars in V.
80, p. 224.
[Vol. lxxx.
—
&
fiJarningrs.— Harvey Fisk
Sons,
recently offering $250,000 of the outstanding bonds, at
105 and interest, reported tbe company's earnings as follows
for the years ending Mar. 31, 1904 and 1903, and the nine
months ending Dec. 31, 1904 and 1903
Gross
Net
Fixed
Balance
Continental Coal Co.
when
:
Bethlehem Steel Corporation.— Subsidtar?/ Plants Sold to
Orfgrinai Ow-ners.— Vice-President John S. Hyde of the Bath
Fiscal year—
income.
income.
eliarget.
mirplut.
Iron Works and President J, R. Anirewsot the H?de Wind- 1903-04
$62H,74l
$2,904,728
$2.'i2,8l6
$37iJ,925
1902 03
2,366,347
752,552
257,465
495,087
lass Co. have re- purchased the capital stock and tuU control
9 months—
of their respective companies, and both compsnies will here- 1904
2,01fi,123
421,969
389 300
232,669
after be run independently. (Oompftre v»ilne of plants and 1903
2,343,248
564,640
192,366
372,274
earnings on pages 1744 and 1745 Chronicle of Nov. 7, 1903.)
The company is controlled by or in the interests of the
—V. 80, p. 474, 234.
Hooking Valley Railway Co. and the Toledo & Ohio Central
BnrliDgton (Yt.) Gas Light Co.-Bonds Offered.— B. H. Railway Co., which separately and unconditionally guaranGay & Co. are offering at 102i^ and interest; a block of tee the principal and interest of the first mortgage 50-year
5 p. c. first mortgage 50-year gold bonds of $1,C00 each, sinking fund gold bonds; authorized issue $3,500>00l); outdated Jan. 1, 1905, due Jan. 1, 1955, without ontiou of pre- standing, $2,750,000. Compare V. 77, p. 772.
pay mfnt; coupons payable Jan. 1 and July 1 in Boston. PrinDaly-West (Silver) Mining Zo.— Dividends Quarterly.—
cipal and interest of bonds guaranteed by endorsement by
American Gas Co. of Philadelphia; Burlington Trust Co., Dividends, recently 40 cents a share monthly (24 p. c, per
annum), have been changed to 60 cents a share quarterly, or
trnstee.
Morris W. Stroud, President of the American Gas Co. of at the rate of 12 per cent per annum. The first quarterly distribution is payable March 15 on stock of record March 10.
Philadelphia, writes under date of Feb 23, 1905, as follows:
This oompatiy, chartered originally in 1852. has recently had oonBolldftted with It the Vermont Electric Co. and the Consolidated Electric Co., and l8 engaged In the mannfaotare and sale not only of gas,
bnt >ilf-oof electric light and power In the olty of Burlington and town
of Wlnooskl, Vt . and adjacent territory. Capitalization authorlz<^d
and Issupd «1. 000,000. The first mortg-age bitida ontetanding (issue
limited to $1,250,000) $795,000, of which $204,000 Isaaed to retire
ontetandlng Isene.* of constituent companies. Up to date the company
hae spent for Improvements and extensions on the combined plants
over $100,000, for which no bonds have or will belaeued.
The underlying companies before thetr consolidation paid dividends
as follows: Vermont Eieotrlo Oo. began In 1900 to pay dividends of
6 p c. per annum, increasing this amount in 1902 to 8 p. c Consolidated Kieotric Co. began in 1902 to pay 2 p. o. per annum and is paying now at 8ime rate; Burlington Gas Light Co has paid 6 p. o. since
18-Jl until 1890, when the rate was increased to 8 p. c, the net earningp of each company beinsr much in excess of the dividends.
The entire stock of the Burlington Gas Liitht Co. is owned by the
Bor ington Light <fe Power Co the stooK of which In turn is owned by
the American Gas Co. of Philadelphia (which see above), whloh company guarantees this issueof bonds, principal andinterest. The American Gas Company also owns and operates gas. electric light and
traction plants in ten other cities in the United States The authorized
capital of the last named company is $2,500,000 and the issued and
full paid capital $1,000,000, upon which dividends have been paid at
the rate of 6 p. o. for the last twelve years. It also has a surplus of
about $250,000.
The charter of the Burlineton Gas Ll(?ht Co wa^ gnnted by the Vermont State Legislature, iiK perpetual, and unusnaUy broad and liberal
In its provisions. The gas plant consists of a well equipped Lowe
water gas plant, capacity largely In excess of present output, which
during 190twas about 40,000,090 cable feet, an increase over previous year of about 7,003,005 cubic feet. The output will probably
ben-arly 50,030,000 cubic feet durln? 1905. The eleotric light plant
Is supplying about .SO.OOO Incandescent lights, and ha? just closed a
contract with the United Htates Government to light Fjrt Echan
Allen, a military post contalaing about 1.200 people. Th<^ electric
light and power is derived from a wati^r power plant on the Wlnooskl
Rtver, wi'h an extreme minimum development of 1,600 horse power.
The company Is also interested In the water power atE^sex Junction,
a few miles above the present plant, whloh. should occasion .arise for
development, would yield a very large additional horse power.
Earnings—
Oas.
Elee. L',.
Power.
Tot gross.
Net.
Gross la x904.... $47,108
$87,152
$29,031
$143,340
$69,889
5P,852
Gross in 1908.... 40,474
27,251
127,377
63,642
Bond interest paid for 1904, $39,550; surplus for year, $30,339.
All the underlying bonds have been or are about to be retired and the issuing companies dissolved.
See American Gas Co., also Consolidated Electric Co.,
,
above.
See V.
Stock, 13,000,000; par of shares, $20.
80, p, 873.
Dajton (0.) Gas Light & Coke Go.— New Sleek.— ThQ company hag filed a certific<^.te of increase of capital stock from
$1000,000 to 11,500,000. "No bonds, no securities of any
kind."
President, R. R. Dickey.
Denver (Col.) Gas & Electric Co.— Ca Ned Bands. —Ten first
mortgage bonds of the Western Electrical Construction Co.,
Qjit. 4, 1890, viz., Nos 12, 22, 37, 172, 175, 184, 206, 216,
217, 225, called for the sinking fund, will be paid at $1,030
per bond and accrued interest on April 14, 1905, at the Mercantile Trust Co., Denver.— V. 79, p. 2459.
dated
Denver Unioa Water £o.—Iirst Dividend,—ThQ directors
late last week declared dividend No. 1 of 5 per cent on both
classes of stock, payable at the Farmers' Loan
Trust Co.,
this city. The date on which payment will be made is not
known in this city, but is expected to be about April 10.
V. 78, p. 289.
&
Dimmick Pipe
Birmiagham, Ala.— /ncrease of Capili) the limit of capital stock was increased from $200,000 to $1,000,000 (all of one class), and the
amount outstanding from $200,000 to $500,000, par of shares
tal
Co.,
Stock.— O a Havoh
$100. Contract? have been let for increasing the size of the
shop, which has a daily capacity of 175 tons of pipe-sizes 3
sizes up to 84 inches.
1 3 36 inches, to over 300 tons per day
The company was inoDrporated in September. 1889. with $176,000
March, 1900, was increased to $200,000. In 1900 an
stock, whloh
i«i8ue of $100,000 of 6 p. c. first mortgage bonds was made, maturing
Nov. 30, 1906; of this amount $ 50,000 was retired In November, 1904.
Interest is payable In June and December In New York. On April 15,
1902, a dividend of 6 p. c. was paid. President, Fred. D. Dimmick;
Secretary and Treasurer, H. A. Bowron.— V. 71, p. 1271.
—
m
Driggs-Seabury Ordnance Corporatioa.- Increase of Stock.
—This Pennsylvania corpoation in January last
increased
its
capital stock from $50,003 (sic) to $1,189,000, all outstanding; par of shares, |U0. There is also outstanding an issue
of 1600,000 of 6 p. c. gold bonds of SI, 000 each, dated Feb. 1,
1905, and due Feb. 1, 1916, but subject to call on any interest
date at par interest, payable Aug, 1 and Feb. 1 at Colonial
Trust Co., the mortgage trustee, Pittsburgh, Pa. There are
no prior Hens. For officers, etc., see V. 79, p. 788.
;
Electric Storage Battery Co.—Eeport.—The results for
BarliBgton (Vt.) Light & Power Co.— See Burlington
calendar year were:
the
Gas Light Co., above.
Net
Dividends
Surplus Prev. surp.,
To'al
Cal'r
Tentral Realty Bond & Trnst Co.—Corsolidation. See year—
surplus.
income.
(b p. c).
lets adjus'.
for year,
Banking Department, Chronicle of March 4 anci March 1«04
$1,082,908 $812,485 $27o,473 $2,928,390 $S,1««.«68
—
11,
pages 973, 1034, respectively. —V.
1903
78, p. 2601.
ihieago Pneomutic Tool Co.— In Possession.- The formal
transfer of the property, business, patents, trademarks and
good-will of the Philadelphia Pneumatic Tool Co. to the
Chicago Pneuraatic Tool Co, was effected on March 1.
Mr. Keller has become a director in the Chicago company and will
have the direct manaxement ot the Philadelphia plant, which will be
operated, as before, for the manufaotureof Keller hammers, drills and
other tools.— V. 80,
Cincinnati
—Thft
p.
873, 714.
& Snbarban
(Bell) Telephone Co.—Newstocie.
rfporttd, voted on March 6 to offer at
par to shareholders of record on the boobs $550, (00 new
stock to the extent of one share (par |50) for every six shares
now held. At a meeting lat-t February the directors authorized the increase of the stock from $4,000,0 JO to |5,O0O,lO3,
Dividend rate, 8 p. c. per annum, payable quarterly. Jan., etc.
rec)sion.— See Queen City Telephone Co., V. £0, p. 653 V.
directors,
it is
;
79, p, 1720,
— V. 78, p.
1.601,591
1389.
&
Commonwealth Power
Co.,
Jackson,
Kalamazoo Valley Electric Co. below.— V.
Etc.,
Mich.— See
80, p. 225.
Electric Co., Barllngton, Tt.— Cai/ed Bonds
—Consolidated
Consolidation. — All the first mortgage bonds have been
calUd for payment at 104 and interest on April 2 at the Burlington Trust Co., Burlington, Vt.
See Burlington Gas
Light Co., above.
2,972,633
—
—
Edison Co.— Earning fi.— The
American Trosr & Tiavlngs Bank, Chicago, in offcirlng at par
and interest $50,000 first, mortgage 5s ot: 1902 (authorized
Grand
Kapids
(Mich.)
$1,000,000, outstanding $784,000), reports for the year end-
Net earnings
City W^ater Co., Newark, N. Y.—Sale to City.— The shareholders, at a meeting held at the office of Street, Wykes
Co., 44 Wall Street, New York, on Feb. 24, approved the
proposition to sell the plant to the city of Newark for $50,000.
See State and City Department, V. fcO, p. 728.
2,283,477
Equitable Life Assurance Societj. —Mutual'zation. The
special committee of the board of directors, Vice-President
Hyde assenting, unanimously resolved at a meeting held on
Tuesday to recommend to the directors that the charter of
the society be forthwith amended so as to confer npon the
policy-holders the right to elect a majority of the board of
directors— namely, 28 out of 52. The Crimmins Committee
asks that an election of the entire board take place at the
earliest date possible, so that the policy-holders m<»y have the
early benefit from control of the Society's affairs. Instead of
being obliged to wait several years for the terms of the sevV. 80, p. 999, 715.
eral classes of directors to expire.
Change of Name.— Thf^ company was formerly known as ing Sept. 80, 1904
th« City & Suburban Telegraph Association. See V. 77, p. Gross earnings
2036.
689,156
812,435
Compare
$218,015 Int.onbondsoutstanding $39,200
55,544
94,744 Surplus
full statement, V. 74, p. 1199; V. 75, p. 735.
I
|
Greene Gold-Silver Co.— Stock C'ffered.—TMa company,
incorporated under the laws of West Virginia Nov. 10, 1902,
its authorized capital stock being $15,000,000, is off -ring by
advertisement on another page 100,(01 shares ($1,(01,000) at
par, $10 a share, at which price $f>03,000 of the issue has
already been subscribed by the directors. The company was
organized to take over and work "mines of gold, silver, copper, tin and lead located under the concession granted to its
President, W. C. Greene, by the Mining Department of
Mexico, duly ratified by the President and Congress of the Republic Dae. 3, 1904. This concession gives the sole right to
locate mineral of any kind "over an area of 4,000 equare miles
Mar.
1!^,
THE CHRONICLE.
1905.
of what has long been known as the richest mineral section
of Mexico." In addition the following are included in its list
of properties
(I) Mulatos gold mine, situated near the line of Sonera, long noted
"as one of the largest quartz gold deposits in the world." The 60-ton
mill win be replaced by a plant with oapaolty for 2,500 tons of ore
Plans for a
dally; (2) The Gaaynoplta copper mines In Chihuahua
emeiter of oapaolty of 500 tons dally ara being prepared; (3) "The famous Santa Juliana, Balvanera, Guadalupe, Rlnoon and Ranquillo
group of gold and silver mines In Jesus Marta, Chihuahua." A mill of
the coEoentratinsr capacity of 1,000 tons dally will be placed on the
property; (4) The Bnluda groupof gold mines, the Veta, Grand, Square,
Compass and Old Vlda and many other promising properties, as yet
only partially developed, but showing large bodies of ore.
Of the $15,O0O,COO stock, $5,000,(0) was placed in the treasury for the development of property; this amount inclndes
already subscribed, or now offered
|3,500,OCO which is held for future requirements.
the
$1,E0!),000
and
&
Pacific RR., which has
TheRio Grande Slt-rra Madre
in operation 169 miles from El Paso to Ttsrrazae, and which
is now under consttuction by Mr. Q-reene and his associates
from Terrs zas to Daidrick, 135 miles further, will afford
cheap transportation to the mines of thecompany. See also
advertisement.
Greenwood Coal Co.— Called Bonds.— Seven
pany's
first
consolidated mortgage 6 p.
c.
of this com-
gold bonds, dated
1911, havebeec drawn for payment,
viz., Nos. 144, 149, 154, 168, 189, 217 and 218, and will be paid
York Trust Co.,
at par and interest on March 15 at the
trustee.
June
1, 1696,
due Jane
1,
New
Independent Telephone Secaritles Co., Utica, N. T.—
Acquisttion.—T oiB company, having acquired a controlling
interest in the County Telephone Co. of Herkimer, with
telephone exchanges in Frankford, Ilion, Mohawk, Herkimer, eto., now controls 850 miles of pole line and between
6,500 and 7,000 teiephones. The combined systems extend
from Oaeonta to Watertown. The Otsego Company (authorized capital stock |4O,O0O, authorized bond issue |150,C03,)
has merged all or nearly all of the independent telephone
companies of Otsego County.— V. 79, p. 2150.
Kalamazoo Valley Eleotric Co.— Called Bonds.— The 6 per
cent transmission line first mortgage bonds dated Oot. 1, 1903,
have all been called for payment at par and accrued interest,
at the office of the American Trust
Savings Bank of Chicago, trustee, on April 1, 1905. See Commonwealth Power
Co. in V. 80, p. 225.
&
New
1115
—
The company will shortly make a new
$8,000,000, |5,000,0b0 of which will be Issued
Mortgage.
mortgage for
now for the following purposes
To retire outstanding 58, called as above stated
iiJl,285,000
To deposit with truetee to secure payment ot an equal
amount of old 68 falling due In 1903
715,009
To develop the water power at Taylor'a Falls and build
:
transmission lice to Mlnceapolls
2,760,000
in trea'stiry for use at Taylor's Falls, If necessary,
or at Never'8 Dam, another smaller wat>^r power above
Taylor's Falls, which the' company has bought as addi-
To remain
tional security to Itself
Lee, Higglnson
new
250,000
& Co.,
Boston, will offer a block of these
bonds in due course.— V. 78, p. 1113,
Montreal Light, Heat & Power Co.— Sale of Large Block
of Stock to English Capitrdists. Montreal advices state that
certain large holders have sold to London (Eng.) capitalists
stock aggregating, it is said, some $2,000,000 par value. It is
understood that the stock will be listed on the London Stock
Exchange, and there is talk of dividends at the rate of 5 p. o.
per annum in the near future, The present rate is 4 p. c, per
annum, Compare page 417 of Railway and Industbial
Section.— V. 80, p. 475.
—
North American Co.— New
Stock Authorized.
—At
the
shareholders' meeting on Thursday the increase of the capital
stock from $17,000,000 to $30,000,000, and the other measures
proposed, were duly adopted. Stockholders of record March
20 will be allowed to subscribe pro rata at par to $5,100,000
of the new stock.
The large interest that the company contemplates acquiring in the United Railways of St. Louis includes, we understand, a majority of that company's outstanding capital
f took.— See V. 80, p. 603.
North Shore Electric
Co,,
Etc., 111.— Pwrc^ase.
at Harvey
mixed, includina; elee-
Evanston,
—This company hag acquired by deed the property
and Chicago Hsights, real, personal and
and waterworks owned by the Calumet Lighting
Co. (See V. 75, p. 314), subject to the lien of a mortgage made
in July, 1902, by the United Water & L^ght Co. to the American Trust & Sivings Bank of Chicago, as trustee, to secure
$200,000 of 5 p. c. bonds.- V. 80, p. lOCO.
Pacific Packing & Navigation Co.— Sale Confirmed—
Judge Hanford at Saattle on Mar. 14 confirmed the sale of
this company's properties to R, R. Spencer for $205,000.
tric-light
Compare V.
80, p. 1061, 716.
—
Pittsbnrgh Coal Co.— Equipment Notes Offerei. William
Lawyers' Title Insnrauce Co,, New York. —Consolidation, Salomon & Co., 25 Broad St., New York, with associates,
See Banking Department of Chronicle March 4 and have purchased and are now offering the entire issue of
$1,484,000 of A% Pi c. serial equipment gold notes (sevenMarch 11, pages 973 and 1034, respectively.—V. 75, p. 669.
tenths issued by the Pittsburg Coal Co., three-tenths by the
Marconi Wireless Telegraph Co.— Report of English Com- Monongabela Consolidated Coal & Coke Co., guaranteed,
pany—Affairs on this Siae of Atlantic Ocean The report of principal and interest, by the Pit*^sburgh Coal Co.), interest
the Marconi Wireless Telegraph Co., Limited, the English payable May and November, due $74,000 semi-annually from
November, 1905. to May, 1915, inclusive. This issue of notes
company, says in part under date of Feb. 8, 1905
Earnings.—The net profit for the year ending Sept. 30, 1904, was is secured by 2,000 new steel coal cars costing approximately
«12,681, as against £10,607 for the year ending li)02-03. The busi- $1,750,0C0. The notes will be issued from time to time as
ness is mahing satlstactory progress all over the world, and with the equipment is delivered, pending which the St Louis Union
etai ions for trans-Atlantic Telegraphy in operation anew era in the
Trust Co. will issue certificates drawing interest from
company's aflfalrs may be anticipated.
Trans-Atlantic Comsionication.— The directors consider that the Mar. 15, 1905, payable May 1 and Nov. 1 at rate of i}4 P- c.
company is now in possession of all the data necessary for the equip- per annum, exchangeable for the notes as issued.
ment of atatious for good commercial working between Englana and
i4cgMisiiton.— Control has been acquired of the Jones &
the continent of America, and a new station, embodying the latest
improvements, equipped on a commercial scale. Is already m^arly Adams Co., Chicago, doing a large wholesale coal trade in
completed In Canada. The question of a site for a now station In that city and at the head of the lakes, with extensive docks
Great Britain Is still under consideration; the greater part of the on Lake Superior and an important retail trade at Minnemachinery has, however, already been ordered, and It is expected
Si;. Paul. Jones & Adams, it is said, was organized
that a station similar to that nearly ocmpleted In Canada will be apolis and
equipped in the United Kingdom a few months after the site has been in 1898 and has outstanding $503,000 capital stock.— V, 80,
—
—
:
A
finally selected.
single pair of stations is capable of working at a
speed of from 30 to 35 words a minute. With a reduced rate of 6d.
perword fortrans-Atlantlo messages, at d at The rate of only 15 words
p. 874, 708.
a minute, for ten hours a day, for 300 days, it is estlmatea that two
wireless stations should earn, after deducting land charges, about
iJ56,000 per annum.
The BtatioDs equipped at Poldhn, England, and Cape Cod, Mass.,
are being regularly employed for transmission of messages to ships
fitted with long-distance receiving apparatus at any point on the
Atlantic, and, by the results of the working of these stations during
the last seven months, the directors are oanflrmed In their belief that
the new stations will aif>rd a satisfactory service between Eagland
and the continent of America.
Canada, Etc Dating the year under review four stations have
been equipped on the 8c. Lawrence with our apparatus, and a new
contract has been entered inio with the Canadian Government by our
associated Canadian company, representing extensions of the organization ot wireless telegraph stations already established to the order
of the Canadian Government. Five stations have been equipped at
fishing centres aloDg the Labrador coast. When the other stations contemplated have been erected in Canada our chain of stations will
offer to the JNewfoundland Government direct wireless communication between the Labrador coast and Canada.
year were:
.
The Eoglish company on
Sept. 30, 1994,
had outstanding
£221,076 fnll-pald capital stock; it has siros sold at par an
additional £30,( 00 and given an option on £30,000 at 278. 8d.
per phare par £l. The balance sheet shows that it owns
$8,665,000 stock of the Marconi Wireless Telegraph Co. of
America and |8,300,f Ot stock of the Marconi Wireless Telegraph Co. of Catiada (V. 76. p, 1358). Compare American
De Forest Wireless Telegraph Co. above.— V. 78, p. 1273.
Mexican Telephone Co.— Sale Apprcved.— The shareWednesday voted to sell the plant to thf> M-:xicjan
holders on
Telephone
& Telegraph Co.
per plan in V. 80.
p, 655, 1061.
Minne8poll8(Hinn.) General Electric Co.- iJonds Called.
has c died for redemption its entire out-
—The comrany
standing i-sne of $1,285,000 5 p. c, gold bonds, dated Jan. 2,
1899, and will psy the s»me a-; 105 and int;erest thTOU:<h the
trustee, the Old Colony Trust CO:, Boston, on May 1, 1905.
Qaincy Mining Co.—Report.— The results for the calendar
Year—
Gross.
19(14
$2414,749
Net.
$a5^,w27
1903
2,447.362
638,!?97
0th. Inc. CottstrucVn, T^lHilends.
(20)$5(i0.0
1108,004
$27,630
(22)360,000
17,804
117,775
Bat.
sv/r.
8ur.t77,f55
def. 11.072
Total surplns Dec. 31, 1904, was $946,841.— V. 80, p. 476.
Sloss-Sheffleld Steel & Iro« Co.— Earni'^g.'i.— The results
for the three months ending Feb. 28, 1905 (February esti-
mated) "wfTe
:
3 most ending
Feh,2S,
19C4 (esilmated)
Net
earnings.
Interest
and
taxes.
Preferred
dividend.
Balance,
surplus.
$ll4.ooo
fl8i,184
f60,000
f355,184
1903 (actual)
60,000
114.000
28,429
202,429
Total surplus Feb. 28, 1905 (estimated), $2,511,583.
Dividend on Common Stock.— The directors on Monday
declared a first semi annual dividend of 2}4 per cent on the
$7,5f~O.O0O common stock and tbe regular qnartfrly dividend
ot 1% ptr cent on the prf ferred stock, both payable to stockholders of record of March 22 on April 3. The dividend
reqairementa on the common stock at 5 per cent per annum
call for $93,750 quarterly.— V. 80, p. 1062, 874.
Springfield (Mo.) Gas & Electric
calendar years 1904 and 1903:
Co.— jBarnings.- For the
Oper expen.
tfet.
Gross.
Interest.
Bat., sur.
Tear—
$17,4X0
1904
$36,888
$128,632
$19,356
f91,796
32,221
17,480
190S
93,619
61,398
14,741
Stock, $500 000; bends authorized, $350,000; issued, (?).
See bond cffering in V. 78, p. 1396; V. 76, p, 7l9.
Slapdard Rope
& Ty^iaeCo.— Time Extended.— The
time
for deposit of income bonds and stock with the Colonial
Trust Co., depository, 222 Broadway, New York City, under
the call of the protective committee, has been extended until
and including April 1.— V.
80, p. 874, 608, 478.
^P* InTefitmcnt Nevra Concladed on Pace 1125.
THE CHRONICLE
1116
^jep^orts
[Vol. lxxx.
and ^ocnmznts.
THE MISSOURI PACIFIC RAILWAY COMPANY.
TWENTY-FOURTH ANNUAL REPORT- FOR THE YEAR ENDING DECEMBER
New
York, March
of the results
-
. .
$43,693,616 56
3 '',40ti,04:'i 78
$13,287,575 78
$1,298,7707<!
1,282,336 85
Net after deducting taxes and sundry charges
Add interest on investments, dividends on stock,
7,581,107 57
$10,706,46»: 21
etc..
2,937,274 35
Net Income applicable to interest on tonds and ren$13,643.74256
7 718,10*73
tals of leased lines
Interest on bonds and rental of leasedlines
Surplus of income for the year over all charges
Dividends were declared as follows:
No. 51— 2 Ml p. c. on $77,817,300 stock
outstanding, paid July 20, 1904
$1,945,432 50
No. 52— 2I9 p. c. on $77,817,400 stock
outstanding, payable Jan. 20, 1S05.. 1,945,435 00
. .
Of the
Since the first of January, 1905, the Missouri Pacific Ry. Co.
has negotiated a loan of .$25,000,000 bearing interest at four per
cent, running forty years, which provides the funds necessary
to relieve the company from all unfunded obligations, and in
additiou affords a fund for improving the property and enlarging the facilities to meet the requirements of the increasing traflSc. The collateral behind the loan is Iron Mountain
stock, at par. The company may, at its optioa. should circumstances require, increase this loan to $50,000,000, thus
providing resources for future capital requirements.
The company is entirely free from all floating indebtedness.
The Little Rock & Fort Smith seven per cent first mortgage bonds, amoitnting to $2,342,500, which became due Jan.
were retired by the use of $2,693,875 St. Louis Iron
Mountain & Southern four per cent refunding bonds, making an annual saving in interest of $58,220. Appropriate
steps are contemplated, placing this line directly under the
unifying mortgage, thus making the unifying mortgage a
first lien on the Little Rock & Fort Smith property.
It is expected that construction now under progress will
be completed during the early summer, and the new proper
ties begin to contribute to the revenues of the company.
The most important of these are the low-grade line down the
Mississippi River toward New Orleans, including the bridge
across the Mississippi at Thebes, and the White River Line,
which will be the shortest route with the lowest grades between Kansas City and Memphis and New Orleans. A contract has been entered into with the St. Louis & San B>ancisco RR. Co under which that company will use jointly
the rails of this company from West Mempnis to Ferriday,
the junction with the Texas & Pacific Ry., and the rails of
that company thence to West Baton Rou,=.e (Port Allen), a
1, 1905,
total distance of 428'74 miles
Our expectations as to results were n^.t fully realized , owing
to the disastrous floods in Kansas, which placed a complete
embargo on traffic for several weeks on some of the important through lines, and necessitated heavy expenditures to
restore the company's property to its former conditim; and
to the increased cost of fuel and a higher scale of wages paid
to employees. For full details you are referred to the reports
of the ofificers of the company, transmitted herewith.
GEORGE
J.
GOULD,
tretdiet.t
FINANCIAL.
The
results of operations for the year 1904, compared with
those for 1903, show an increase in gross earnings of 1-39 per
cent, operating expenses an increase of 3-34 per cent, while
net earnings decreased 2-H8 per cent; passent^ers carried increased 9-0 per cent and pas.sengers carried one mile increased 45-1 per cent; total tons of freight carried decreased
0*7 per cent and total tons of freight carried one mile decreased 6-8 per cent.
Contracts were entered into with the Missouri Pacific
Equipment Association covering the purchase of 20 locomotives, 3 coaches and chair cars, 1 postal, 1 combination and 1
dining car, and 500 gondola cars trarisf erred, amounting to
$790,438 84, of which amount $40,438 84 was paid and retired,
leaving $75'>,000 to be paid in annual in.stalments, running
to Dec, '914; and with the Iron Moun. Car Trust, covering 15
locomotives, amounting to $215,25'>, of which .$22,250 was
paid and balance prov'ded for in instalments to June, 1913.
Equipment Trust Notes amounting to $153,283 20 have
been paid during the year, and notes for $428,000 have been
canceled by tlie issue of Equipment A.ssooiation Certificates
Louis Iron Mountain
Bond Scrip were
&
Southern Ry. Co. Bonds and
issued as follows:
.
$217,000 00
miles
106,200 00
$323,200 00
$271,000 00
458,208 80
161,180 29
79,375 25
4,011,713 14
436,682 32
5,418,159 80
$5,741,359 80
IMPROVEMENTS AND EXTENSIONS.
new lines there were completed during
the year:
103 15 miles; on the Memphis Helena & Louisiana Line, 24-66 miles; the Herrin Ry., 7'"2 miles;
Ziegler'Extension, 5'19 miles. There remains, for completion
of the plans of construction in progress during the past several years, about 38 miles of the White River Ry. and 55
miles of the Memphis Helena & Louisiana Line; on which
the gradi' g is done and a large part of the track and structural material is on the ground, the delay being occasioned
by the tunnels on the White River Ry., and by bridges on
the Memphis Helena & Louisiana Line.
New Links acquieed.
On
3,890,867 50
& Bastrop Ry
885
River and Oulf Divisions first mortgage:
Acc'tlst M. b' is Union Ky. of Mem...
Account of construction of St. Louis
Valley Ry., branches, terminal facilities, equipment, etc
Acc't const'n ot 772 m. of Herrln By..
Account of eonstraotion of 5-19 miles
of Ziegler Extension
Accountofconstruction of 103'15 miles
of White River Ry.
Account of conptruction of 24*66 miles
of Memphis He en a <& Louisiana Ky.
$5,925,633 83
$2,034,766 33
Surplus.
St.
of construction of
of Eldorado
Gross earnings
Operating expenses (696 per cent of gross earnings)
Fractional
.
Account
:
Net earnings
Less— Taxes
Sundry charges
Unifying and Refunding Mortg«ge:
Acct. of purchase of 200 st mortgage
bonds of Baring Cp< ss Bridge Co.
1904.
'
The following statement gives a summary
of the operations for the year
14, 1905.
31,
the
White River Ry.,
Pine Bluff & Western Railro.vd. Purchased from the
& Austin Lumber Company, tfce first of the year.
It extends from a connection with the L. R. M. R. & T. Ry.
Line at Pine Blnff to a connection at Benton, Ark., with the
Little Rock & Hot Springs Western RR. It is 44*53 miles
long, laid with new 60-pound steel rail.
Coal Belt Ry. Extends north and south from the eastern
terminus of the Herrin Ry. in Williamson County, Illinois,
and was constructed to develop the coal fields which it
Main track, 3'84 miles, with 7*23 miles of side
traverses,
This line forms a connection between the Herrin
tracks.
Ry. and the Coal Belt Electric Ry
Coal Belt Electric Ry. - Extends eastward from the
south end of the ( oal Belt Ry. to Marion, the County seat
From
of Williamson County, and westward to Carterville.
Marion it continues northward to Spillerton. From a point
between the junction with the Coal Belt Ry and the town of
Length of
Carterville, a branch extends north to Herrin.
main track, 16*27 miles, with OSl mile of sidings. Electric
car service is maintained over this line and steam over
9 '54 miles to reach mines between Carterville and Marion.
The towns on this line approximate a population of 20,000.
Construction Work.
Ri'ter
Ry. This line, beginning at White River
White
Junction, a point 2 miles west of Batesville, Ark., and extending in a northwesterly direction through Northern Arkansas and Southwestern Missouri to Carthage, Mo., a distance of 239*5 miles, was commenced in June, 1901, and the
grading is now fully completed except through the tunnel
at Omaha Ark A.s portions of the line have been completed,
they have been turned over to the operating department.
At the present time the line from White River Junction to
Oregon, 127 2' miles, and from Carthage, Mo., to Reed
Sawyer
—
—
Springs, Mo., 69'54 miles, a total of 196 75 miles, is in operaOf tbe remaining 43 miles, track has been laid to a
point beyond Oregon, about 3 miles, and from Reed S, rings
about 2 miles, leaving 38 miles to compl-te the entire tract.
On this remaining 38 miles, the Omaha Tunuel, 2,650 feet
in length, is about 60 per cent completed.
There was expended account construction of this line prior
to 1904 $4,721,445 66, which amount, added to an expenditure of $3,170,053 75 incurred during the year, makes the
cost as far as completed $7,891,499 4!. This includes tlie substructure for four steel bridges and the superstructure for
nine bridges, together with metal for eight steel viaducts,
already delivered and partly erected.
tion.
Memphis Helena & Louisiana Ry. Extending from the
Louisiana-Arkansas State Line north to Halley, Ark., 38*16
miles, from McGehee to Latour, 81*43 miles, and from Mari-
anna to West Memphis, 48*85 miles; total, 168*44 miles. The
line from Louisiana-Arkansas State Line to Halley, Ark.,
was completed and turned over to the operating department
in 1903, and from McGehee to Bonham, 22*39 miles, in AuGrading is also completed and track laid from
gust, 1901.
Bonham to crossing of the Arkansas River, about 3)^ miles.
The bridge at this point is about completed, the work having
been performed und»rr most unusual conditions, the river
overflowing its banks twice during the year.
On the completion of this bridge, track will be laid 4 miles
to cri s-^ing of the White River, the grading having been completed and erection of superstructure of the bridge can
Mae.
THE CHKONICLE.
18, 1905.]
be commenced. From Latonr south to crossing of the White
River, a distance of 51 miles, the grading is completed with
little exception, nearly all the bridge work having been
done. Work on line between Marianna and West Memphis
was temporarily suspended in October, 1903.
There was expended account this line during the year,
$886,087 04, which, with an expenditure of $1,625,545 34 previously incurred, makes cost of construction as far as completed, $3,511,6^2
3**.
—
Carthage & Western
Ry. This line, extending from a
connection with the Lexington & Southern Div. just north of
Carthage, Mo., to a connection with the Kansas City Southern
Ry. at Asbury, Mo., distance 17 96 miles, was practically
completed during 1903 with exception of bridge across Blackberry Creek which was completed this year. The cost of this
work, with ballasting, fencing and other improvements,
amounts to $30,635 40, which, added to the expenditure of
$327,520 19 previously incurred, makes total cost of construction, $348,155 59.
ZiEGLER Extension.— The construction of
this
line
to
on the Illinois Central Ry., distance 5'19 miles,
was completed and the line turned over to the operating department Feb. 1, 1904. There was expended account this
work during the year $32,877 47, which, with the expenditure of $29,790 34 "expended in 1903, makes a total exjeudiZiegler,
111.,
ture of $52,667 81.
Herrin Ry. Diverges from Bush Station ou the East &
West Illinois Branch, and extends southeasterly 7*72 miles to
a connection with the tracks of the Big Muddy Coal & Iron
Co. at Mine No 7 near Herrin, 111. The line was completed
and turned over to the operating department Feb. 1, 1904,
Cost of construction during year was $52,588 94, which,
added to expenditure of $77,010 49 incurred during previous
year, makes a total cost of $129,599 43.
Farmerville & Southern RR —Extending south from a
Monroe Ry. 6 miles south
connection with the Little Rock
of Felsenthal, Ark,, to Farmerville in Union Parish, La.,
22*59 miles, was completed and turned over to the operating
department on Nov. 1, 1904. The cost of construction during
1904, $245,436 63, makes a total expenditure of $294 934 31.
El Dorado & Bi» strop Ry.— At the ooseof )903 the grading of this line from Arkansas-Louisiana State Line to El
Dorado, distance 44 miles was completed, and the track laid
between those points, except acrcss the Ouachita Riv., where
it was delayed by the erection of draw bridge, and for a distance of two miles west. This bridge was completed and
the first train passed over same Feb, 25, 1904. Expended
during 1904, $152,306 99, which, with a previous expenditure
of $833,979 22, makes total cost of construction $975,286 21.
Springfield Southwestern Ry.— Surveying party is now
running a preliminary line from Springfield, Mo., to a connection with the White River Ry. Right of way has been
secured for the one mile graded south of Springfield. Cost
to Dec. 31, 1904 $3,320 93.
Gurdon & Fort bMiiH Ry. Projected from a connection
with the Arkansas Southwestern Ry. at Antoine, Ark,, to
Caddo Gap, a point on Caddo River 35 miles west of Hot
Springs, distance about 30 miles. The grading and traok is
completed for first three miles and 2 more miles are now
being graded. Cost to Dec. 31, 1904, $59,134 10.
—
&
—
Fort Smith Suburban Ry.- Connects with Fort Smith
Branch and forms a Belt Ry., 6'3 miles in length, completed
in March, 1905, encircling the city of Fort Smith, Ark. Expended during year, $167,608 10, which, with a previous expenditure of $124,547 38, mak^s total cost, f293,155 48,
1117
note during the year, except in the Pueblo-Denver section,
and little complaint manitested. The increased train service
and extension of the cafe and dining car service undoubtedly
aided materially in the results obtained.
The special business to St. Louis and return, account
Louisiana Purchase Exposition, during the period from April
30th to December 1st, inclusive, gave us revenue amounting
to $1,577,058. The considerable number of local excursions,
which are usually operated during the summer months, were
discontinued during the World's Fair period, for the reason
that equipment was taxed to the utmost in feking care of
business moving at prevailing rates. The large increase in
"Special and Excursion Passengers" can be accredited to
the World's Fair.
Returns indicate a slight decrease in movement of gross
tonnage, equal to 0-3 per cent, or a decrease of 48,432 tons.
Percentages of increases and decreases in movement of
principal classified commodities, compared with last year:
Increase, p. r.
Decrease, pe.
19-6
Lumber* other forest prod' ts. 3 5 Grain and flour
8'5
Live stock & animal prod' ts... 35 Cotton
86 Miscellaneous
48
Coal and coke
5'9
Manufactures & merchandise.
The total tons revenue freight carried one mile decreased 7"3 p. c.
The decreased grain movement is due to a short crop of
corn and oats, the tonnage of former commodity falling off
25-6 per cent, and the latter 36*7 per cent. The available
corn was used for local consumption, with movement limited
to short hauls. The wheat crop being somewhat of inferior
quality, but with high domestic prices, due to shortage, prevented the large export movement which prevailed last year.
The earnings from the transportation of lumber increased
materially in comparison with the previous year, though
with a decrease in tonnage of 14,382 tons, or 0'7 per cent; in
1904 a larger share of the business moved to Western territory. Tonnage of other products of the forest, which include staves, spokes, wagon and agricultural implement
wood, increased 12'9 pf-r cent, due to a better market and
the establishment of new industries on the lines of the
St.
Louis Iron Mountain & Southern Ry.
during the year of 253,315 tons, or 8-6 per cent, in
A gain
movement of commercial coal and coke, refie' ts activity
manufacturing centers, with an increased demand for
domestic use. Cotton shows a decrease in gross tonnage of
20,793 tons, equal to 8*5 per cent, due largely to market conditions. Of the increase in tonnage of live stock and animal
products, hog shipments increased 29,142 tons, or 19'6 per
cent, and packing house products 3,507 tons, or 3-8 per cent,
the
in
over last year.
Under the head of " Manufactures and Merchandise " are
noted the following substantial increases over 1903, viz
Sugar and molasses, 11*7 per cent; cement, brick and lime,
'.^4'5 per cent
agricultural implements and carriages, 23 3
per cent, and general merchandise, 7*3 per fent. There were
heavy decreases in shipments of steel rails, 42-6 per cent,
and castings and machinery, 69'4 per cent, in comparison
with previous year. An analysis of freight classed as " Mis
cellaneous" shows an increase in shipments of bullion of
37,108 tons, or 66'5 per cent ore, 6'0 per cent, and stone,
14 8 per cent. The production of zinc and lead ores in the
Missouri-Kansas district has been the largest in its history.
266,776 tons were handled in 1904, against 251,581 tons in
previous year, a gain of 6 per cent.
:
;
;
CONDUCTING TRANSPORTATION.
The increase in passenger train mileage is 1,730,604 miles,
of which 1,081,627 miles was on account of World's Fair busiBETTERMENTS.
ness. The increase in passenger train service was equal to
Improvements to property and equipment during 1904 have 45*37 trains per day. There was an increase of 9,223 in the
been made as set forth below:
number of freight trains run and an increase of 453.643 in
EXPENDITDRES OF 1904—
the number of miles run by freight trains. The mileage of
Account of The Mi" sourl Pacific Ry..
Account o iistltuent properties of The
Missouri Paoiflc System ..
Account of St. L, Iron M'n & So. Ry.
.
$323,664 71
533,835 55
603,V58 38
$1,460.758 64
21,388 98 $1,439.369 66
Less bal. of improve fund applied..
LOCOMOTIVE AND CAR DEPARTMENT.
PURCHASE OF EQUIPMENT.
The following equipment was purchased during
The Missouri Pacific Ry.
20 Freight looornotives
1 Pacific type loco-
motive
10 Atlantic
ti
17,030 00
pe
lo-
comotives
10 Switch engines..
172,930 72
130,850 31
1904:
Co.
4 Coaches
$341,574 83
11 Chair cars
1 Combination car
1
inlng car
1 Postal car
•
4 WreckiDffcars...
$32,479 86
119,963 08
4.673 93
21,597 22
7,135 24
3,816 38
x$852,021 57
Of which $321,646 94 under agreement with Mo. Pac. Equip. Ass>'n
St. Louis Iron Mountain & Southekn Rt. Co.
30 Freight locomo$315,'209 04
23 Coaches
tives
$512,111 67 25 Chair oars .
271.332 58
5 Atlantic type
103,713 19
5 Dining cars.
locomotives..
85,7,'
00
12 Switch engines.
157,600 00
Total
y$l,345,616 48
y Of which $1,280,546 88 under agreement with Iron M. Car TrustTotal
TRAFFIC.
An
foreign freight cars on the system (exclusive of refrigerator,
tank and private line cars) was, 67,625,899 miles, a decrease
of 3,798,478 miles, equal to 5-33 per cent. The mileage of
Missouri Pacific System cars on the system was, 203,659,488
miles, an increase of 2,424,321 miles, equal to 1*20 per cent.
exceedingly gratifying increase is shown in the passenger traffic for the eighth consecutive year, being partici
pated in by all port'ons of the system. While a large proportion of this increase was due to the Louisiana Purchase
Exposition in St. Louis, there was an independent increase
in revenue, indicating continued growth and development of
the Great Southwest. There were no rate disturbances o
That a comprehensive view of the general conditions as to
equipment operated may be had, the following synopsis of
additions by purchase, building and rebuilding, during the
years named, is given
:
Increase in Cars.
Increase in Locomotives.
1901.
89
1^0 >
1903
1904
95
80
88
Total
361
1901
1902
1903
1904
Total.
8,722
3,556
7 554
303
20,135
This equipment, both locomotives and cars, is of large
type, and the heavy repairs of that acquired prior to 1904, is
now entering into the cost of maintenance with a resultant
increase in expenses of this department.
Of the increase, $394,478 19 in the total cost of fuel, $333,651 38 is due to the increase in consumption and S70,83'l 83 is
due to the increase in the price per ton. Increased locomotive and car mileage caused an increase in cost of repairs
and wages of engineers and firemen, as well as increased
consumption of fuel and supplies and the heavy demand for
passenger power and equipment on account of the World's
Pair caused an increase in service of round-house employees,
also additional shop hours, and a consequent increase in
these expenses,
C. S.
CLARKE,
Vice-President.
THE CHRONICLE.
111b
[Vol. lxxx.
UNITED STATES STEEL CORPORATION.
THIRD ANNUAL REPORT-FOR THE YB^iR ENDED DECEMBER
To the Stockholders
The Board of Directors submits herewith a combined
report of the operations and affairs of the United States
Steel Corporation and its Subsidiary Compani^^s for the fiscal
year which ended December 31st, 1904, together with a
statement of the condition of the finances aad property at
the close of that year.
INCOME ACCOUNT FOR THE YEAR
1904.
The
total net earnings of all propert es, aftar deducting
expenditures for ordinary repairs and maintenance
(approximately $1S,00'J,000), al^o interest on bonds,
and fixed charges of the Subsidiary Companiea,
amounted to
$73,176,521
Less Appropriations for the following puriwses, viz.—
Sinking Funds on Bonds of Subsidiary Com$i,.583,117
panies
Depreciation and Extinguishment Funds
Extraordinary Replacement Funds
3,907,166
8,667,044
14,157,327
Balance of Net Earnings in the year 1904
$39,019,i94
Deduct—
Interest on U. S. Steel Corporation 50 Year
5-per-cent (I'old Bonds
.$15,197,850
Interest on U. S. Steel Corporation 10 60-
Year 5per cunt Gold Bonds
Sinking Fund on U. S. Steel Corporation 50Year 5-per-cent Gold Bonrts...
Sinking Fund on U. S. Steel Corporation
lO-tiO- Year 5 percent Gold Bonds
8,320,443
3,040,000
1,010,COO
27,568,293
$31,450,901
Less— Charged
Bonus Funds, for
Inventory valuations and for sundry
oflF
aojustment In
accounts
for Employees'
1,183,372
Balance
Dividends for the year 1904 on Preferred Stock of U.
Steel Corporation, 7 per cent
$30,267,529
S.
$30,724,879
in
sundry accounts In
31.516
Undivided profits of
all
30,693,363
5,047,852
companies far the year 19 4
$60,741,215
on Dec. 31, 1904, by authority of the Board of Directors, for ex-
Less—Charged
penaitures
off
made fr-^m Surplus for conpayment of capital liabili-
struciion and
page 1121), viz.:
Expenditures made during year 1904.
Expenditures made daring previous
ties (see
years
$5,56?,986
2,929,250
?,193.236
Balance of Undivided Surplus Dec. 31, 1904, exclusive
of Subsidiary Companicb' Inter-C( mpany profits in
Inventories
$52,24"',979
Undivided Surplns of Subsidiary Companies
representing profits accrued on sales of
materials to other subsidiary companies,
and on hand in lattei's inv>-ntoriep, viz.:
Balance on Dec. 31, 1903, transferred as
above
$10,371,803
Less— Decrease duting the year 1904.
1,254,336
Balance December 31, 1904
Total Undivided Surplus Deoember31, 1904
9,117,467
$31,365,446
In the Annual Report for 1903 reference was made to the
it had been decided, comirencing with January.
1904. to take over into the aggreeate earnings reported currently for all companies the profits arising to one subsidiary
company from sale of materials to another, only when such
firofits shall have been actually realized by the conversion of
he materials involved into finished products, and the sale
and delivery of the same to customers outside of the organi
zation. Prior to January, 1904, the profits in question had
been reported in the combined earnings of all companies concurrently with the delivery of the materials by one company
to another, and without reference to whether the receiving
company had at that time converted and shipped the material, or continued to carry it in its inventory.
In order to
inaugurate this new method of accounting it was necessary
to segregate and carry ia a separate surplu.s account the
amount of such Inter Company profit which wasincluded in
the Undivided Surplus repotted on December 31, 1903. Accordini<ly the amount of ,$10,371,803 was transferred as at
January 1, 1904, and, as shown in the preceding statement
of Undivided Surplus, 18 separately leported. At tlie close
of th" year 1904 the amount of such Inter-Company profits
had been reduced to $9,117,460, owing principally to the
diminution of quantitie.s of Inter-Company materials on hand
fact that
in inventories in
comparison with December
all
the Subsidiary Companies.
The Condensed Balance
from one company to another are ovMtea fromb -th
and assets,
NET PROFITS AND SURPLUS OF UNITED STATES STEEL
CORPORATION AND SUBSIDIARY COMPANIES AT
CLOSE OF EACH OF THE QUARTERS NAMED.
liabilities
$25,000,000
amount of $10,371,«03 transferred Jan.
1904, In counection with inauguration
of new accounting pla.n adopted as of that
date, to separate surplus account as shown
1904
in previous years' reports, the statements of accounts,
presented in this report, comprehend the
combined results for the United States Steel Corporation
$5,047,852
1,
Less— Adjustments
As
statistics, etc.,
Sheet, page 1122, exhibits the combined assets and liabilities
of the United States Steel Corporation and of the several
Subsidiary Companies, based on the valuations at which the
stocks of the Subsidiary Companies and The Carnegie Company bonds were acquired by the Steel Corporation, but
of
below
Under the plan of accounting now in vogue these intermediate Inter-Company profits are, in effect, carried into
the combined accounts for all companies, first, to the
specific surplus account representing such profits, not being
included or reported, however, in statements of net earnings
of all properties as from time to time published, except when
and as they are transferred from said specific surplus account as hereinafter stated. When materials carrying such
Inter Couipany profits are worked up into finished products
and are shipp d to customers outside of the o ganization,
and thus converted from an inventory asset into cash or accounts receivable, the Inter-Company profits pr-viou-sly accrued on such materials, and carried theretofore in the
specific surplus account referred to, are transferred to and
reported in the current earnings statements. Therefore, the
net earnings reported under this plan for all companies represent practically cash earnings to the organization. This
method of accounting is conservative and assures greater
unifcrmity from month to month with reference to the net
eai'nings reported in comparison with the caeh income of
the organization as a whole, and any possible adjustment at
close of year in the inventory valuation of Intercompany
materials on hand will be made without affecting in any
way the current year's earnings and income as previously
reported. Any such adjustments would be made against
the specific or suspended surplus account. The plan also
permits the ascertainment of operating and production expense statistics on a more uniform basis from month to
month.
and
UNDIVIDED SURPLUS OF U. S. STEEL CORPORATION AND
SUBSIDIARY COMPANIES (SINCE APKIL 1, 1901).
Surplus or Working Capital provided in organization
Balance of Surplus accumulated by all companies from April 1, IHOI, to Dec. 31, 1903,
per Annual Report for Year I903,exclnsive
190i.
25,219,677
Undivided Profits for the year, carried to Surplus Account
an 1 appropriated for payment of construction and
capital obligations
31,
31, 1903,
liabilities
(INCLDDES O^LYSUBPLU8 RBCErVED OR EARNED ON OR SUBSEQDBST
TO April 1st, 1901.)
Swplus at Dividends on
Net Profits
Close of
U. S Sieel
for Quarter
Balance
Quarter beCorp. Stock
Available
foreDectarai'n for Reapecfor
of
Surplvt.
Dividends,
of Divd'ds.* tte Quarters.
June 30, 3 911.. .$19,907,277 $44,907,277 $13,957,028 $30,950,249
.M,<il3,875
37,003,597
14,010,278
Sept. 30, 1901... 20,063,626
14,011, S63
43 620,940
57,632,803
Dec ;n. 1901... 20,629,206
14,013,434
46,307,727
60,32 1,161
Mar 31, 1902... 16,700,221
14,013,543
59,036,462
73,050,005
June 30, 1902... 26,742,278
P4,886,2S0
14.012,946
70,373,334
Sept 30. 1902 .. 2.1,849,818
14,012,944
77,874,597
91,887,5*1
Dec. 31, 1902... 21,014,208
92,766,5H7
14,012,944
78.753,643
Mar. 31, 1903... 14,891,990
90,131.822
12,609,771
June 30, 1903 .. 23,987,950 102,741,593
10,00 -,760
99,809,836
Sept. 30, 1«03... 19,684.774 109,816,596
66.096,«82
72,578.9431
6,482,261
2,230,776
Deo. 31, 1903...
61.794,439
6,301,919
Mar 31, 1904... 4,606,594 68,099,S58
6,30 1. ^19
63.395,585
69,700,504
June30, 1904 .. 9,082,56*
67,526.40V
73,881,324
6,304.919
7,617,907
Sept. 30. 1904...
6.304,919
61,365,446
67,670,3651
Dec. 31, 1901... 10,143,837
Quarter
Ending-
'Includes Capital Surplus of $25,000,00f). provided at date of organization, also Undivided Surplus of Subsidiary Companies representing accrued profits on Inter-Company materials on hand in inventories.
not applicable to any particular
1 Surplus after charging olf items
quarter's Income, viz.: Dbcembar 31, 190:^, $^9,46l ,668 91; December
31, 1904, $9,708,124 60. For detai s of these charges see annual
reports.
SoMMART— April 1, 1901, to December 31, 1904.
$25,000,000 00
Capital Surplus iirovided at date of organization
Aguregate quareerly net iirofits as
$243,153,024 74
Sbove
Less: Charges against Profits made
at close of fiscal years, not applicable to purtioular quarters, In!
7,896,765 73
eluding adjustments
235,256,259 01
Balance of Profits earned
$260,256,259 01
Dividends paid on U.
S.
Steel Corpo-
ration Stocks, viz.
PreforreJ, from April 1, 1901, to
January 1, 1905, 26»4 per cent. ...$118,096,566 66
Common, 9^ p»r cent (from April 1,
48,266,882 50
1901, 10 October 1, 1903)
166,363,449 16
$33,832,80l> 85
Leaving Surplus of
Of the foregolnsj; Surplus the following -imountH have been appropriated for the purposes named, viz: For payment of construction and
capital expenditures and special
charges shown in second annual
report, page 7
$24,034,129 58
For payment of construction and
capital expenditures cliarged off
December 31, 1904..,
8,493,235 58
32.527,364 16
Balance of Surplus
$61,365,445 69
Mar.
THE CHRONICLE.
18 1905.1
COMPARATIVE INCOME ACCOUNT FOR THE FISCAL YEARS
ENDING DEC. 31. 19C4 AND 1903.
1904.
NETEA.KNINGS
1903.
Dee. or Inc.
..73,176,522 109,171,1»2 D. 35,994,630
Less appropriations for the
following purposes, viz
Sinking funds on Bonds of
:
Subsidiary Companies .. 1,583,117
and Extin
Depreciation
guishinent and Extraor"y
l,59:j,013
Z>.
14,896
Hid
The balances to the credit of the several funds on December 31, 1904, per the preceding table, are incladed in the current assets of the organization, viz.:
In Depreciation and Extinguishment Fund Assets
In Sundry Marketable Securities.
In Cash (Special Deposit)
In Current Assets— Cash, Inventories, Etc
$22,463,164
larprovisionsforthayr.).. 12,574,211
Fund for Constiuo-
13,897,3^3
1,323,142
2>.
U. S. Steel
Subsidiary
Vorp'ii Bonds. Cos ' Boiidi.
Speoi.il
and Improvements
Balance of Net Earnlngc for
the year
...59,019,194
10,000.000 D. 10,000,000
Total Redt^emed Bonds, at par,
held by the Trustees on De-
83,675,786 D. 24,656,592
Redeemed
Deduct—
Interest on U.
cember 31, 1903
Steel Cor-
S.
poration Bonds
Sinking Funds on U.
Corporation Bonds
23,518,293
19,032,797
4,050,000
3,797,500
31,450.901
60,795,490
Less Charged off for various
accounts and adjustments.. 1,183,372
5,378,'137
*7.
"4,435.496
Steel
8.
*/.
D
252,500
29,344,589
..
U
S.
0.4.195,466
30,267,J29
55,416,653 D. 25,149,123
^5,219,677
30,404,173 '0.5,184,496
12,707,563 0.12,707,563
Steel Corpo-
ration Stocks viz.
Preferred, 7%
Common, 2 >«% (in 1903)
,
Undivided Profits for the year.. 5,047,852 12,30J,917 D. 7,257,061
* Increase in Interest and Sinking Fund charges is offset by decrease
in dividends pail on Prr>i:erred Stock, owin^ to the fact that in the
previous year, by reason oJ issue of bonis iu conversion of Preferred
Stock, Interest and dividends were paid respectively on bonds and
stock for only a part of such year.
in 1904, as
above
..
$5,:93,000 $2,583,000
4,561,000
1,763,000
$10,159,000
Total
Total.
$8,181,000
6,324,000
$4,346,000 $14,505,000
Less, Canceled by the Trustees and returned to the
company
4:6,000
......
1426,000
Leaving Redeemed Bonds held
by the Trustees December 3 1
:
Balance
Dividends on
$3,090,937
3,447,866
757,500
15.166,861
REDEEMED BONDS HELD BY TRUSTEES OP SINKING FUNDS
Replacement Funds (regu
tion
.,
1904. interest on which is
currently paid into the Sinking Funds
..$10,159,000 $3,920,000 $14,079,000
t Includes $!)8.989 of Bonds account of minority interest in Pittsburgh
Beasemer & Lake Erie Railroad Companv not incladed in statement of
Bonded Debt.
CAPITAL STOCK.
The amount
of outstanding capital stock of the United
States Steel Corporation on December 31 1904, was the same
as at the close of the preceding fiscal year, as follows:
Common stock
$5O«.302,500
Preferr<;d Stock
360,281,100
BONDED, DEBENTURE AND MORTGAGE DEBT.
MENTS.
The total bonded and mortgage debt of the United States
The expenditures made by all companies during the year
Steel Corporation and Subsidiary Companies held by
the public on January 1, 1904, was
$553,447,257
for maintenance, renewa's and extraordinary replace u en ts.
the entire amount of which has beea charged to current U. S. Steelin Corporation 10-60-Year 5% Bonds issued
MAINTENANCE, RENEWALS AND EXTRA3RDINARY REPLACE-
operating expenses or earnings, equaled the sum of $ '6,258,373, a decrease in ccnparison with the outlays during the
preceding fiscal year of $8,036,818 99. Of this total decrease
the sum of $3,68i9,915 was in the outlays for current and ordinary maintenance, Lesser repairs were necessary because
the plants and properties were not operated as continuously
as in the previjus ye-r. The reduction in the expenditures
for extraordinary replacements equaled $4,836,904 04. The
expenditures of this class during the previous year were,
howevf-r, unusually heavy. Notwithstanding the foregoing
reduction these outlays during the fiscal year of 1904 exceeded by $176,081 the similar class of expenditures made
during the year 1902. It is always necessary to expend large
sums for extraordinary replacements, particular!}' in connection with the manufacturing properties, owing to the
constantly changing methods and processes of manufacture
and the rapid deterioration of equipment and facilities required for the heavy cla^s of work ou which the mills are
largely employed
It is essential that the latest and most
approved methods of manufacture be adopted in order to insure the operation of the properties at the minimum cost
All requirements for these purposes it is the policy of the
Subsidiary Companies to pay from and charge to funds established for that purpose by regtilar provisions from net
earnings. The general physical condition of the plants and
properties, cjllectively speaking, at the close of the year,
was better tuan ever before A state aient showing the princi al items of improvements comprehended
the total outlays for extraordinary improvsme'its is included in the statistical tables printed in this report.
The following taole shows the apportionment between the
several groups of operating properties of the year's expenditures for maintenance and replacements:
m
,-Ei>i>nditures During Tear iaC4.-,
Ordinary
'ExtraMaiuienance ordinaru
and
Propertlis.
Total,
liepiirs. Replacements.
Expenditures
in Previous
Year.
^
^
g
0.702,104 19,559,843 23.314,250
67rt,08.
1,«69,4';5
1,1«1,837
15a,3:i8
362,301
511,224
^
ManufacturiOK
Coal and Coke
Iron Ore
Transp <rtatlon—
Total
12,857,739
083,3^9
209,475
Railroads
3,679,736
Steamships and Oocks.
291,103
MlBCellaaeous
134.056
338,286
4,018,022
197,9,''2
4-<w.085
35.588
169,643
Decrease.
^
6,754,«07
Inc. 497,638
148,920
6,759,911
871,040
166,929
1,741,889
881,965
Inc. 2,714
Total Bxpended in I9r4..1«,l.^",408 8,10;,873 2H.a58„S72
Total Kxpeuded in 19 J3.. 21,-4 ,413 12,939,777 34.785,191 34,785,191
3.''89,915
Decrease
4,836,P04 8,526,819
8,526,810
"^•Thfse expend tu res were paid from funds provided from earnings to cover
requirements of tne characer Included heroin, as see below.
SINKING, DEPRECIATION,
EXTRAORDISARY REPLACEMENT
AND IMPROVEMiiNT FUNDS.
and sold
1903, biit undelivered on Dec 31, 1903
Note. — As fully explained in Annual Report for
1903 (pages (10-12) these bonds were sold iu 1903.
but only $4,274,600 had been paid on account thereof
to December 31. 1903, leaving unpaid $l-2.822,t*Oa.
This balance was paid as follows: ,$3,822,9'iO on January 19, 1904, on which date $ ,097,5)0 of bonds
were delivered and ii9,000,000 was paid ou May 17,
1904, when the remaining $12,000,000 of bonds were
delivere ^
following bonds and mortgages of the Clalrton Steal Co. ami its Subsidiary interests which were
outstanding at the time the sto k of that companv was
acquired by the United States Steel Corporation, viz.:
Clalrton Steel Co. 5 p. o. Mortgage Bonds .'^5,000,000
St. Ciair Furnace Co,
First Mortgage
ADD-The
Bonds
St.
St.
Issues were
:
„
.
Funds^
^
„
Fonda on U.
Blnkinir
Sieel Corporation
made during the year
SinKiui Funds on Bonds
of subsidiary Compdiiies
Depreciation ana Kxtiu-
^uishment
-S
,5J'J,833
§4,050.000
485,326
1.583,117
3,298,
Orf
3,907, ,66
§14108
1'82,4!0
12,896,715
of the fol
lowing amounts of Subsidiary Coaapanies'
bon'"8, which wdie sold to Trustees of jinking Funds, viz.:
Duluth Mlssabe & Northern Ry. Co. Sec
ond Mortgage Bonds
American Steamship Co. First Mortgage
78,003
Bonds
2?,000
103,000
$583,544,472
Less -Bonds and Mortgages retii-ed or acquired during the year
$2,173,315
Bonds purchased by Trustees of Sinking
Funds
x3,'i2>.010
8.393,325
Bonded, Debenture and Mortgage Debt In hands of
Public December 31, 1904.
$575,146,147
Increase in Bonded and Mortgage Debt during the year
due to acquisition of Clalrton Steel Properties
$12,896,715
Net decrease during the year due to retirements and
purchases tor Sinking Funds
8,295,326
Balance, being net increase in Bonded and Mortgage
in hands of Public December 31, 1904, in comparison with December 31, 1903
Debt
$4,601,390
X Includes U. S. Steel Corporation 50- Year 5 per cent Bonds, $v,155,000; U.S. Steel Corporation 10-eO year 5 per cent bonds, $1,406,000; Union Steel Co. tlrst mortgage and cidiaceral trust bonds. .$877,000; Duluth Missabe & Northern Ry. Co. dret mortgage bonds, $93,000; Duluth Mi?sabo & Northern Ry. Co. second mortgage bocds.
$158,000; Pittsburgh Steamship Co. flrsi mortgage bonds, $188 000;
Aii:erioan Steamship Co. first mortgage bonds, $209,000; St. Clair
Termtn-il RR. uo. first mortgage bonds, $3 1, 000; Pittsburgh Bessemer Lake Erie RR. Co. bonds (proporti.,-n account majority Interest
of stock owned), $103,010.
&
,
Pavments
from and
Bahincei
to credit
rf funds
to /j nds. Dec.31,l j4.
charges
SPECIAL DEPOSITS.
A net reduction of $4,793,775 70 was made during the year
in the unsecured liabilities of the subsidiary companies of
the above character. The net reductions during the year,
also during the period from April 1. 19 '1 to Dec. 3l. 1904 iu
the respective classes of liabilities above named, were as
follows
Paid
S.
Bds..
1,000,000
1,636,715
PURCHASE MONEY' OBLIGATION'S, BILLS PAYABLE AND
appropriations made to the several funds for the yeir
ended Dec. 31, 1904, together with the payments made therefrom, and the condition of the funds at the close of the year,
are shown in the following table
Credits to Funds.
Set asUt'
Simdru
Balances from turn- credits
Dec. 31, ingsduriny
to
l»Oa.
190..
.funds,
2,980 000
2,250,000
Clair Steel Co. First Mortgage Bonds.
Clair Terminal RR. Co. First Mortgage
Bonds ..
Sundry Real Estate Mortgages
^ Tne
,
17,097,500
84,050,000
Si,530,8.)3
1.691,278
855,162
3,022,539
3,445.707
off
during
fiical
19
year
14.
Purchase Money Obligations
$3,267,550
and Bills Payable
Special deposits
Paid
I'ff
Afr.
bttween Total redut tion
19 1,
Apr. 1, 19 n,
I,
Olid dec. 81,
19UM.
n
Dec. 31,
lBi)4.*
1,625,226
$27.^49,189
3,«y0,696
$30,916,739
5,205,921
$4,792,776
$31,329,885
$36,122,660
TotaTCapital Depreciation
—Funds
Extraordinary
$5,3L4,<J«3
89,540,2i:i
.f410.545
f8,7J3,805
$6,531,612
15,269,613
8,667,044
271,933
H, 177,118
15 9:1,4:2
Replace-
^me nt and Improvement.
Bb' •B''H
Total
$20,584,281 $18,207,837
*68i,478 $17,010, '23 $ ^2,403 164
Total
*
Includes payment
in 1904.
and paid
made
of $1,100,000 of obligations issued in
1903
THE CHRONICLE.
1120
total of $36,122,661 paid off since April 1,
of $7,815,881 represents moneys originally borrowed or received, and used as working capital; the balance, $28,306,779, represents specific obligations originally
incurred for the acquirement of property, or for moneys
used for the purchase of property or the discharge of capital
Of the foregoing
1901, the
sum
liabilities.
The outstanding
liabilities 'of
above character on Dec.
31,
1904, in comparison with the amount outstanding on Dec. 31,
1903, are as follows:
Decrease.
Bee. 31, 1904. Dec, 81, 1903.
Purchase Money Obligations
$1,0^9,442 .^3,476,642 $2,377,200
890,350
Bills Payable
4,429.484
3,539,135
1,525,226
Special Deposits
3,941,795
2,416,569
TotaL
$7,055,145 $11,847,921
$4,792,776
The production
of the several properties for the year, in
comparison with the results for the fiscal year of 1903:
1904.
Tons.
934,512
1,186,104
.„.
1,271,831
1,056,430
^•,0j4,210
10,503,087*
Total
CoKB Manufactured
Coal Mined, not Including
.„..
1903.
Tons.
1,412,402
2,106,443
1,867,856
1,918,584
8,058,070
15,363,355
Pig Iron
Spiegel
Ferro-Manganese and Silicon...
Total
Dee. 31.1304.
Ores
Pig Iron, Scrap, Ferro and Spiegel
CoalandCoke
Skimmings
Limestone, Fluxes and Refractories
Rolls, Molds and Stools...
Manufacturing Supplies, Stores and Miscellaneous Items not otherwise classified
Ingots, Steel
Blooms, Billets, Slabs, Sheet and Tin
Bars, etc
4,844,661
Wire Rods
526,904
1,219,436
21,016,539
Ske'p
Finished Products
Mining Supplies and Stores (for ore and
7,369,421
7,279,241
932,029
404,422
313,779
493.292
519,713
362,765
8t«<el, Skelp, Hoops, Bands and
577,384
Cotton Ties
Tubing and Pipe
710,765
Rods.
84,934
1,226.610
Wire and Products of Wire
735,482
Sheets— Black, Galvanized and Tin Plate.
357,498
Finished Structural Work
Angle and Splice Bars and Joints
72,470
46,003
Spikes, Bolts, Nuts and Rivets
Axles
62,981
Sundry Iron and Steel Products....
25,787
634,830
t710,555
101,699
1,126,605
t763,670
469,692
138,709
53,259
119,716
30,059
6,792.780
7,458,879
29,983
15,805
BUS.
539,951
23,841
15,407
Merchar t
Total
Spelter.
Copperas (Sulphate of Iron)
Portland Cement.
Bbis.
644,286
* The decrease in the tonnage of ore mined in comparison with 1903
was due principally to the large stock of ore on hand at furnaces and
lower lake docks carried over from 1903.
t The tonnages for these products, as specified in last year's report,
have been changed from the uet to the gross ton unit to place the
results for the
two years upon
relatively the
same
basis.
INVENTORIES.
of all properties on December
31, 1904, equaled $94,812,.546, a decrease in comparison with
December 31, 1903, of $13,163,977. Nearly one half of this
decrease is in the item of ore, of which commodity there
was a considerably lesser tonnage on hand both at the
mines, lake docks and at furnaces than at the close of the
preceding fiscal year. The inventories of the other commodities ehow generally a decrease, owing to there being
lesser quantities on hand and the fact that the prices at
which they are inventoried are somewhat below the December 31, 1903, rates. The smaller volume of business transacted during the fiscal year furnishes an explanation generally for t' e decrease in the working stocks of some of the
raw and semi-finished materials on hand. The increased
demand for products which developed in the late fall of
1904 has resulted in the necessity for carrying larger inventory stocks, and considerably more working capital will
The aggregate inventories
accordingly be req-^'ired during 1905.
Inventory valuations are believed to be conservative. They
were taken on the basis of actual purchase or production
cost of materials to the respective companies holding the
same, unless (as happened in some instances) such cost was
above the market value on December 31, 1904, in which cases
the market price was used. The aggregate inventory valua
tjon of all raw, partly finished and finished materials produced within the organization is very largely below the
market prices on December 31, 1904. No profit is taken up
by any one subsidiary company on materials and products
of its own production until the same have been shipped to
its customers.
The inventory valuations include the profits
on materials embraced in inventories which have been purchased by one subsidiary company from another, but, as
fully explained on page 1118 of this report, such profits are
segregated and carried in a specific surplus account, not be-
5,321.339
540,516
1,162,572
21,564,586
1,875,367
coal)
7,123,053
121,779
34,409
1,934,315
Heavy Stroctural Shapes
7,837,113
881,979
790,356
7,210,248
100,025
59,148
1,242,646
Plates
6,411,222
and Nickel
Merchandise of Supply Companies
Blaterial, labor and expense looked up in
bridge and structural contracts
15,239,378
Less: Bills rendered on account
11,892,455
Rolled and Other Finished Products
For Sale—
Blooms, Billets, Slabs, Sheet and TlnPlateBars
1,454,308
1,210,915
2,553,260
1,120,733
1,268,930
9,167,960
Steel Rails
2,010,177
1,172,209
2,618,497
1,898,000
1,393,149
8,406,378
Total
903.
4,947,716
1,444,158
509,484
Railroad Supplies and Stores
6,191,660
2,976,300
1
$42,018,988
5,895,039
1,871,404
346,798
8,658,391
5,427,979
2,978,399
Dec. 31,
$36,20.'>,977
1,983,046
1,388,697
614,520
987,994
623,851
23,468,732
16,029,984
$3 346,923
Stocks abroad and on consignment
Material in Transit
Total
Steel Ingot Production—
Bessemer Ingots
Open-Hearth Ingots
LXXX.
31, 1903:
8,652,293
that used in
making coke
Limestone Quarried.
Blast Fubnacb Products—
V^OL.
ing included in the reported earnings of the entire organization until such profits shall have been converted into cash
or a cash asset to the organization. In effect, therefore, the
specific surplus account referred to is a guaranty fund for
these profits included in inventories, since any of such
locked-up profits which may not be realized in cash will be
charged to the special surplus fund and not to current earnings or realized surplus.
The following is a general classification of inventory valuations on December 31, 1904, in comparison with December
Copper, Nickel, Aluminum and AUoj s
Pig, Tin, Lead, Zinc, Spelter, Dross and
PRODUCTION.
Iron Ore Mined—
From Marquette Range
From Menominee Range..........
From Gogebic Range
From Vermillion Range
From Mesaba Range
[
1,275,689
2,995,386
$7,439,748
1,347,165
2,584.530
$94,912,546
$107,976,523
PURCHASE OF CLAIRTON STEEL PROPERTIES.
In May, 1904, the Corporation acquired the entire issue of
capital stock of the Clairton Steel Company, which latter
company owned, in addition to the property hereinafter described, the entire issues of capital stock of the St. Clair
Terminal Railroad Company, the Clairton Land Company,
the Champion Iron Company, and 51 p. c. of the capital
stock of the St. Clair Limestone Company.
It is believed the results have shown the purchase to have
been very advantageous to the Corporation. In consideration of the transfer of the Clairton Steel Company's stock,
the Steel Corporation paid to the vendors $i,000,OoO par
Bonds
value of U. S. Steel Corporation 10-6 )-Year 5 p c.
(which were acquired by the Corporation for this purpose in
the open market at a cost of $813,850), and guaranteed the
principal and interest of the following outstanding issues of
bonds of the Clairton Steel Company, viz.:
Clairton steel Co.
5% Mortgage Bonds
St. Clair Furnace
St. Clair Steel Co.
Co. First Mortgage Bonds...
First Mortgage Bonds
$5,000,000
2,980 000
2,250,000
$10,230,000
In addition to the foregoing there were outstanding against
the properties of the Clairton Steel Co. and its Subsidiary
Companies the following amount of bonds and mortgages,
which, however, were not guaranteed by the U. S. Steel
Corporation, viz, :
Clair Terminal Railroad Co. First Mortgage Bonds
Real Estate Mortgages
$1,000,000
1,666,715
St.
Making the
total
bonded and mortgage debt
of the
$12,896,715
properties
free and clear of all floating
or indebtedness.
The property owned by the Clairton Steel Company and its
subsidiary companies is as follows
MANUFACTURING PL.ANT AT CLAIRTON, PA.— Comprising
about 140 acres of mill property at Clairton, Pa., with water front
on the Monongahcla River, on which are located three blast
furnaces, twelve 50 ton O. H. furnaces, one rolling mill with a
40 inch blooming mill and a 28 inch billet mill, for the production
of blooms, billets and slabs, together with auxiliary departments,
such as ore yards and bins, steam and electric power plants,
water works, etc.
The properties were acquired
liabilities
:
ORB AND
COALi
PROPERTY.— Owned
by Clairton Steel Co.—
One-half of the fee of the Clairton iron ore mine, and a lease of
the Little & Prindle mine, both located on the Mesaba Range in
Minnesota. In both mines a large tonnage of iron ore has been
developed. Coal lands comprising 2,C44 acres of coking coal located in Fayette County, Pennsylvania. Owned by Champion
Iron Co.— About 20,000 acres in fee of mineral lands on the Marquette Range in Michigan, on which is located the Champion
Mine in which a large tonnage of ore has been developed.
ST. CLAIR TERMINAL RAILROAD.— Terminal railroad connecting the manufacturing plant at Clairton with diverging trunk
lines parallelins both sides of the Monongahela River. The railroad owns a double track steel bridge crossing the river, and
has an oquipment of seven locomotives and 141 modern steel cars.
CLAIRTON LAND CO.— Owns 14 acres of property adjacent to
the manufacturing plant at Clairton, on which are located 140
dwelling houses which are rented to employes.
ST. CIjAIR LIMESTONE CO.— Owns a valuable limestone
quarry in Blair County, Pennsylvania.
„ x,.
There was also acquired, Ihrouph the capital stock of the
of
sum
aggregate
of
the
assets
working
Co.,
Clairton Steel
and
$2,9.'')1,004, for employment in the operation of that company
Its subsidiary interests.
The properties named are fully developed and no considerable outlay has been made for construction work in connection therewith. The earnings and operations of these proper_
..
,
Mae.
THE CHRONICLE.
18, 1905.J
1, 1904, are included in the statements and
ties from
The earnings for the eight
statistics printed in this report.
3
show a satisfactory sur1904,
December
i,
ending
months
May
and fixed charges,
CAPITAL EXPENDITURES.
The expenditures made by all companies during the year
and chargeable to capital account for construction and the
plus over
all interest
acquisition of additional property, less credits for property
These expenditures
sold, equaled the sam of $17,957,946 17.
comprehend, as stated in the certificate of the chartered accountants, only the actual additions and extensions to
the plants and properties. These expenditures should not
be confused with'those made for extraordinary replacements
and improvements, which, as fully explained on page 1119,
are paid from and charged direct to funds currently provided
from earnings, although in practically every instance such
replacements more than replace and actually increase the
production or operating capacity and reduce costs, As the
element of substitution is involved, they are currently
charged off «s indicated. The capital expenditures as below
represent wholly new and additional property. The capital
expenditures for the year are classified by property groups,
as follows:
$12,191,596
Manufacturing Properties
l,490,.5O2
Coal and Coke Properties
1,580,656
Ore Properties
2,430,158
Transportation Properties
Bliscellaneous Properties
265,034
.^.
$17,957,946
Total for the year 1S04
for Construction and Additional Prop64,585,536
erty from April 1, 1901, to January 1, 1904
Amount expended
Making a grand
total
expended to January
1,
Included in the foregoing grand total
.
1905, of.$82,543,482
is
the
sum
of |10,-
004,238 03 expended since December 1, 1903, for completion
of the furnaces, steel works and mills of the Unioa Steel
Company and the development of its coal, coke and transportation properties, practically all of which work was
under way when the stock of that company was acquired
by the Steel Corporation.
Some of the principal additions to the manufacturing
properties on account of which the above $12,191,596 was
expended during the year are as follows:
CARNEGIE STEEL. CO.—Additions Completed During Year:
140 inch Sheared Plate Mill, Homestead Plant; new Hot Metal
Mixer, Bellaire Plant; two new Blast Furnaces, Ohio Works,
Toungstown; new
office
building- at
Duquesne Plant.
ILLINOIS STEEL CO.—Additions Completed
During; Year: AdFoundry; additional Heating Capacity at Rail Mill, and
additional Casting Machine at South Works.
Work in Progress:
Five additional Blowing Engines; New 48 inch Universal Plate
Mill; New O. H. Furnace Plant (seven 50 ton Furnaces); additional Blooming Mill; and new 28 inch Structural Mill at South
Works. New Cement Plant at Bufflngton, Ind., for manufacture
of Portland Cement, having an annual capacity of 1,300,000
dition to
barrels.
THE
NATIONAL TUBE CO.—Work in Progress at Lorain,
Ohio, Plant: Two new Blast Furnaces; New Skelp Mill, comprising one 90 inch Plate Mill, one 48 inch Universal Mill, one 28 inch
Reversing Mill, and one 14 inch Continuous Mill for making pipe
skelp; New Pipe Mills for manufacturing tubes and pipe from
one-eighth incli to IS inches.
NATIONAL TUBE CO.— Work in Progress at McKeesport,
Pa., Plant: Enlarging and rebuilding the National Works. Improvements consist of one additional Blast Furnace, new Hot
Metal Mixer, increasing capacity of Converting Works, rebuilding and increasing capacity of Rolling Mills, Tube and Pipe
Mills, and installing irnproved and additional Power and Water
Supply Plant. Notwithstanding the total capacity of the new
plant will be increased over the old to the extent of 55 per cent.
In the production of pig iron, 66 per cent, in the production of
steel, and 35 per cent, in the production of finished tubular
product, only one-third of the entire cost of foregoing work is
charged to Capital Account; the balance is charged direct to
funds provided from earnings, as explained on page 10.
AMERICAN STEEL & WIRE CO.—Work
Completed During
Power Equipment at Anderson, Ind., and
Scott Street Works. Additional Wire Drawing Equipment at
Scott Street, Waukegan, Rockdale, Newburg, Salem and Worcester Works. Additional Barb Wire and Field Fence Equipment
at DeKalb, Scott Street, Waukegan, Rockdale and Pacific
the Year:
Additional
Works. Additional Nail Machines at H. P. Works, Braddock
and Rankin Works. Enlarging facilities of Electrical Works,
Worcester. Additional Rope Machinery at Worcester and Pacific Works.
Additional Rod Mill Equipment, Braddock Works.
Electric Power Plant and Pig Casting Machine at Alleghenv
Works. Additional Blast Furnace Blowing Engine at Central
Furnaces. New Ore Rigs at Central Furnace Docks. Additional
Real Estate at Newburg and Scott Street Works.
Work in Progress: Additional Wire Drawing Equipment at
Scott Street Works, Consolidated, Allentown and Worcester
Works. Additional Nail Machines at Braddock. Additional Field
Fence Machines at Waukegan and Consolidated Works. Additional Hoop Machines at Scott Street Works. New Galvanizing
Furnace, Consolidated Works. New Storage Warehouses at Waukegan, DeKalb, Consolidated Works and Louisville, Ky.
AMERICAN SHEET & TIN PLATE CO.—Work Completed
During the Year: New Storage Building and installation
of additional Hot Mill at Monessen Works.
Work in Progress: Installing new O. H. Acid Furnace and
additional Galvanizing capacity at Vandergrift Works.
AMERICAN BRIDGE CO.-Work
During the Year:
The construction at Ambridge, Pa., Completed
of a new Bridge Plant for
the fabrication of bridge and structural material of
all kinds.
The plant is particularly adapted for fabricating work
of the
heaviest type, and is fully equipped with auxiliary departments,
such as foundries, eye-bar shops, bolt and rivet factories, machine shops, power, light and water supply plants, etc. The
plant has an annual capacity of 240,000 net tons of finished
structural work.
UNION STEEL CO.-Work
Completed During the Year- Two
"• Pl-'^^t (twel've .50 ton fu?nlce% Blooming
S^n^^"'^.^*p'^.n?v works; also additional
Nail Machines, Barb
wV,L and
Jl^^ Field
T^i.lf ^J
Wiie
Fence Machinery and Galvanizing Equipment
at
Blast Furnaces and additional Nail
^Lm^'^°''%Y°''}1^-^T^°
Machines
at South Sharon Works.
1121
SUMMARY OF EXPENDITURES FOR CONSTRUCTION AND ADDITIONAL PROPERTY AND FOR PAYMENT OP
CAPITAL LIABILITIES FROM APRIL 1,
TO DEC.
summary of
1901,
The following
been made by
is
a
all
31, 1904,
the payments which have
companies since April 1, 1901, for the
above purposes
For ConBtruction and Additional Property
$82,543,483
For Bonds and Morteages discharged, exclusive ot bonds
redeemed with Sinking Fund moneys (page 1119)
6.772,970
For Bonds redeemed with Bond Sinking Funds (page 1119) 13,S64,011
For Purchase Money Obligations paid olf, originally is2S,306.779
sued for acquirement of property (page 1119)
Total
$131,487,243
--
Deduct amounts financed by issue and sale of securities:
By U. S. Steel Corporation 10-60- Year 5%
Bonds
$20,000,000
By Union Steel Co. Mortgage and Collateral Trust Bonds issued for account of
conatructinn expenditures on that Companv's properties made since Dec.1,1902.
By Bonds and Mortgages of Sundry Subsidiary
Companies (principally
By Purchase Money
railroads)
...
Obligations issued
5,656,728
4,606,060
1,100,000
31,362,788
Balance of expenditures
$100,124,455
This balance, §100,124,455, has been paid with funds
derived from following sources, to wit:
Bonds paid from Bond Binding Funds set aside from net
earnings, and the interest accretion? thereon
.$13,864,011
Expenditures paid from bond sinking, depreciation and
improvement funds and formally charged off thereto,
the Property Acct. being correspondingly reduced, viz.:
Chargedoffprior to Jan. 1, 1904
$18,066,932
Charged off during fiscal year of 1904.... 3,295,763
21,362,695
Expenditures paid from Surplus Income and formally
written olf thereto, by authority of the Board nf Directors, the Property Account being corresponding reduced,
viz.:
Charged off prior to Jan. 1, 190i
Charged off Deo. 31, 1904...
.....$17,234,129
8,493.236
25.727,364
Total of payments maie from Funds and Income Surplus and charged off thereto
$60,954,070
The balance of outlays made since April 1, 1901, for
construction and new property and for discharge of
capital obligations has been paid from the capital surplus provided at date of organization, and the balance
of accumulated Income Surplus of the U. 8. Steel Corporation and the Subsidiary Companies, as shown at
Dec. 31, 1904
39,170.385
$100,124,455
$39,170,is represented in part by capital expenditures of the sum of $33874.000 carried in Property Investment Account, against
which there may be issued and sold (a) the $30,000,000 of U.
S. Steel Corporation 10-60- Year 5 per cent Bonds which
have been executed and certified and are now held in the
treasury of the Corporation and (b) the $3,874,000 of Union
Steel Co.'s Mortgage and Collateral Trust Bonds which may
be issued at the option of that company to reimburse it for
outlays of new property and construction.
The former
bonds are the remainder of the $50,000,000 of the said bonds
which, in accordance with the provisions of the trust indenture, may be issued and sold as authorized by the stockholders May 19, 1902. The Union Steel Co. Bonds are the
residue of an issue which, as provided by the trust indenture, may be issued for construction and property additions
made subsequent to December 1, 1903. The remainder of
the capital expenditures, or $:>,396,385 (being the balance of
the outlay of $39,170,385 over acd above the $33 874.000 of
bonds which may be issued as stated), is carried in Property
Investment Account and covers:
Investment in additional mineral lands which wiU be repaid from future depreciation funds
$3,144,738
Part cost of additional real estate and jilant which will be
repaid from proceeds of detached real estate when disposed of
832,205
Payments made for discharge of certain bonds and mortgages of Clairton Steel Co. in lien of which securities of
that company may be issued for benefit of U. S. Steel Corporation, thus replacing capital liabilities existing when
Clairton Co.'s stock was acquired by the Steel Corporation
891,917
Sundry miscellaneous construction accounts
427,526
The foregoing balance of capital expenditures of
385 paid from the surplus as at December 31, 1904,
EMPLOYEES AND PAY ROLLS.
Average Number of
Employees of
Manufacturing Properties
Coal and Coke Properties
Iron Ore Mining Properties
1904.
Number.
110,864
'
Ti-ansportation Properties
Miscellaneous Properties
15,6.54
123,397
17,873
8,477
13,76-?
10,!i95
11,033
1,638
1,753
Total
Total annual salaries and wages
1903.
Nuniher.
-147,343
167,709
$99,778,276 $120,763,896
NUMBER OF STOCKHOLDERS.
The number of stockholders of United States Steel Corporation was as follows:
On
Dec. 21,
Preferred
Commou
Totals
„,.
1904.
..39,654
27,868
1903.
42,720
37,237
Decreate.
67,522
79,957
12,435
3,066
9,369
EMPLOYEES' SUBSCRIPTIONS TO PREFERRED STOCK.
At the end of 1904 there was again offered to the employes of this Corporation and of the subsidiary companies
the privilege of subscribing for Preferred Stock of this
Corporation, under substantially the same conditions as
offered in previous years, except "the price fixed was $87*50
per si^are
Under this offer subscriptions were received
from 8,439 employes for a total of 17,973 shares. For the
three years during which the Stock Subscription Plan has
been in force, there have been received 44,740 subscriptions,
for an aggregate of 97,168 shares.
THE CHRONICLE.
11-22
[Vol. lxxx,
UNITED STATES STEEL CORPORATION AND SUBSIDIARY COMPANIES— CONDENSED GENERAL PROFIT AND LOSS
ACCOUNT FOR YEAR ENDING TECEMBER 31, 1904.
$444,405,430
Gross Rfceipts- Grosa Sales ana Earuiugs
Lees
Mancfacturino akd Produci.sg Cost and
*353,e27,315
Operating Exp.-.nsks
:
$90,778,115
Balance
Sniidry Net Manufacturing and Operating Gains
and Losses, Including Idle Plant Expenses.... $293,667
503,171
Rentals received
Brought forward
^g4,333fi64
General Expknses—
Administrative, SwllinK and General Expenses
(not including general expenses of transportation companies)
$9,086,684
Taxes
3,05'7,<'67
Miscellaneous Expenses
Commercial Discounts and Interest
05,475
2,3iO y70
796,838
14,785,396
Total Net Manufacturing, Producing and Operating
$91,.574,953
Income.....
f...
Balance of Income
$79,749,668
Interest Charges—
Interest on Bonds and Mortgages of the Subsidiary Companies.
$6,211,314
Interest on Bills Payable and Purchase Money
Obligations of tlie Subsidiary Companies
361,832
Other Income—
Profits of Properties owned, but -whose
operations (gro=s revenue, cost of product, expenses, etc.) are not inclurl. In this statement $548,935
Interest and Dividends on Investments and on
2,411,176
Deposits, etc
Net
.
6,573,146
2,960,111
Net Earnings for the Year 1904, per Income Account page 1118
$73,176,522
$94,535,064
Total Income
IneJurles charees for ordinary
maintenance and repairs, approximately $1 -,000,000.
CONDEN-ED
I4ENERA.L
See table on page 1119.
BALANCE SHEET DECEMBER
ASSETS.
PROPRfiTX A.CCOTJNT
Proper tien Owned and Operated by the Several Companies—
Balance of this account as of Decem-
$1,357,394,469
ber31,1903
Adjustments during 1904 in foregoing
Capital Stock of U.
Common
S.
31. 1901.
LIABILITIES.
Steel Corporation—
$508,302,500
360,281,100
Preferred
$368,583,600
.
Capital Stocks op Subsidiary Companies not hsld
BY U. S. Steel Corporation {Par Value).
Or. iS.gsi
balance
Clairton Steel Co. Properties— Cost as
acquired
Expended
May
1,
10,759,561
1904
for Constrnction
tional Property in
U. S. Steel Corpoiatlon 50-
and Addi-
1904
Year
17,957,946
U.
off
$303,957,000
5% Bonds.
Less— Redeemed and held
by Trustees of Sinking
Funds
and Replace-
ment Funds
To Undivided Surplus
3,196,773
....8,493,236
10,159,000
Balance held by tha Public
,
$463,798,000
Steel Co. M. and Coll.
Trust Bonds (Guaranteed
by U.S. Steel Corp.)
$37,626,000
Union
12,116,009
$1,373,967,046
Deferred Charges to Operations—
Clairton Steel
Expenditures for Stripping and Development at
Mines, for Advanced Mining Royalties and Miscellaneous charges, chargeable to future opera-
Bonds
Co.
(Guaranteed by U.
8.
Steel
9,480,000
64,768,667
Corp.)
5,559,657
tions of the properties
Subsidiary Co.'s Bonds
INVESTM ENTS
$111,874,667
1,920,176
Outside Real Estate and Other Property
SnfKiNG AND Reserve Fond AssetsCash held by T. ustees account of Bond
Sinking Funds
($14,079,0(0 par value of Redeemed Bonds held by Trustees
not treated as an asset.)
Insurance Fund Apsets (at cost)
Depreciation
and Extinguishment
Fui d Assets (at cost)
Contingent Fund and Miscellaneous
Assets
$542,034
Accounts Receivable.
Bills Receivable
Agents' Bal an ces
Sundry Marketable Stocks and Bonds.
Cash (in hand and on deposit with
Banks, Barkers and Trust Com-
3,920,000
107,954,667
38,674
571,791,341
mortgagks and purchase money obligations of
2,708,139
Subsidiary Companit s—
Purchase Money Obligations.
4,454,248
617,339
$94,812,546
36,150,517
3,1 24,243
733,i71
7,141,737
panies subject to check).
$3,354,806
1,099,442
Mortgaires
3,090,937
Current Assets—
.
Less— Redeemed and held
by Trustees of Sinking
Fands
Balance held by the Public
Debenture sorip, Illinois Steel Co
6,f 58,449
Inventories*...
170,000,000
,.
.$473,957,000
Accounts, viz.—
t
5% Bonds
Steel Corporation 10-
to the following
To Bo'jd Sinking Funds ... $426,000
To Depreciation and'Extingulshmei
S.
60- Year
$1,386,083,055
Less— Charged
96,614
Bonded and Debknturk Debt—
Current Liabilities—
Current Accounts Payable & Pay Rolls. $18,830,454
3 539,135
Bills & Loads Payable (Subsidiary Cos.)
2416,569
Special Deposits' ue Employees and oth,
1,647.697
Accrued Taxes not yet due
7,099.481
Accrued Int. and Ilnpresent Coupons
Preferred Stock Dividend No. 15, Pay6,304,919
able February 28, 1905
39,838,255
60,646,426
202,608,740
$1,484,764,058
Total Capital and Current Liabilities
Sinking AND Reskrve Funds—
Sinking, Depreciation, Replacement and
Improvement Funds, per table on page
$22,463,164
1119
Contingent and Miscellaneous Operating
Funds
4,576,142
3,224,224
Insurance Funds
30,263,530
14,621,034
Bqnd Sinking Funds with Accretions
Represented by Cash (and by redeemed bonds not
treated as assets -See Cont' <i).
Undivided Surplus of U. S. Steil Corporation and
Subsidiary Companies—
Capital Surplus
tion
:.
provided in organiza$25,000,000
:
Balance of Surplus accumulated by all
companies from April 1, 1901, to De.
cembei 31, 1903. pertableon p. 1118.
Net Surplus for the year per Income
Account, page 1118
30,693,362
5,047,852
$60,741,214
Charged ofl for Expenditures
made from surplus for Constriction and tor payment of Capital
Less
-
8,493,235
Liabilities
Bal.' nee of Surplus exclusive of Sub-
sidiary
Comi anies' Tutor Com.
$52,247,979
Profits in Inventories
Undiviiled Surplus of Subsidiary Companies, represontlni- Profits accrued on
sale of materials and products to other
Subsidiary Companies, on hand In
pany
latters' InventorleB
-
9,117,467
61,365,446
$1,591,014,068
$1,591,014,068
sold to o^^^^^^
•Inventory valuations include profits accrued to subsidiary companies on materials and prodiiots
speollio surplus aooount for these proHts. The total of all Inventories
and undisposed of by the latter-see contra
actual current market prices.
is,
however, below tne
.
drawn up bo as to ehow the
We have audited the above Balance Sh et, and certify that in our opinion it is properly
dl, l»W4.
December
on
Companies
Subsidiary
ity
true financial positioi of the United States Steel Corporation and
Pkice, Waterhousk & Co., Auditora.
New Yobk, February 28, 1905.
Mar.
THE CHRONICLE.
18. 1905.]
GENERAL.
The depression in the iron and steel trade which, in com
mon -with all other lines of business took place during the
summer of 1903, continued until the late fall of li<04. The
severity of the changed trade condit'ons is indicated by the
lesser volume of business done for the year as represented by
gross sales and earninss, which show a decrease of 17 per
cent in comparison with 1^03 and by a falling otf of 33 per
cent in net earnings, While the total output of manufacturing properties shows a decrease in tonnage of finished
products for sale of only about 9 per cent it will be noted
by table on page 1120 that, except for the increase in blooms,
billets, etc., on which the margin of profit is lowest, the percentage of decrease in the aggregate tonnage would have
been nearly 5 per cent. In the latter part of the year 1904
there was a marked increase in the voluaie of busi' ess reThe tannage of unceived, and this revival has continued
1123
years, large expenditures must be
in order to keep pace with the
made from time to time
growing demands of the
country.
,
i
orders on the books on December 31, 1904, was 4,696,203 tons of all kinds of manufacted products in comparison
with 3,215,1 23 tons at the close of 903.
As shown by the several statements in this report, liberal
expenditures have been made by the subsidiary companies
during the year for maintenance, improvements and construction, it being the policy to maintain the various plants,
mills and properties at the highest state of efficiency. The
fact that the properties are in this condition, together with
filled
1
The unexpended appropriations which have been authorfor work to be done during the year 1905 equal
ized
approximately $31,000,000
Reference was made in the last annual report to the fact
that arrangements had been made with the United ?tites
Steel Products Export Company, whose capital stock is held
by the Federal f^teel Company, to act as export selling agent
for the several subsidiary companies
Most satisfactory results have been obtained in respect to the export trade.
A
total of 1,021,672 tons of various products was shipped during the year 1904 for export. One of the essential features
in this business is that the average production cost of similar commodities for domestic sale is thereby reduced.
The accounts of the Steel Corporation and the Subsidiary
Companies for the year 1904 have been audited by Price,
Waterhouse & Co the chartered accountants selected for
this purpose by the stockholders at the annual meeting April
The certificate of the chartered accountants is
18, 1904.
printed in full on page 24 of pamphlet report.
The Poard takes pleasure in acknowledging the loyal and
efficient services of the oflicf rs and employees of the Corporatioh and the several Subsidiary Companies.
By Order of the Board of Directors,
,
the efficient organization which exists, permits economical
operating results and and nfluences largely the net earnings,
particularly in periods of depression in business. Notwithgtanding the liberal outlay made for improvements, con
gtruction and new property during the last and preceding
ELBERT
H.
GARY,
Chairman of
WILLIAM
E.
the Board,
COREY,
President.
DETROIT UNITED RAILWAY.
NEW YORK
STOCK EXCHANGE IN CONNECTION WITH LISTING THE
FIRST CONSOLIDATED MORTGAGE FOUR AND ONE-HALF PER CENT BONDS.
OFFICIAL STATEMENT TO THE
'
On December 31, 1900, Detroit Citizens' Street Railway ComDeteoit, Mich., February 27, 1905.
pany.
The Detroit United Railway, of Detroit, Mich., hereby
On December 31, 1900, Detroit Suburban Railway Company.
On December 31, 1900, The Detroit Electric Railway.
makes application to have the following bonds, issued by the
On December 31, 1900, Detroit, Fort Wayne & Belle Isle RailCompany, listed on the New York Stock Exchange, to wit:
way.
$4,257,000 First Consolidated Mortgage Four and One-half per
On February 20, 1901, Wyandotte & Detroit River Railway.
Cent Gold Bonds, said bonds being numbered from 1 to 275
On May 1, 1901, Detroit & Northwestern Railway.
On June 1, 1901, Detroit & Pontiac Railway.
inclusive, and from 15,881 to 19,862 inclusive, dated the 1st
On August 1, 1901, Detroit & Flint Railway, which included the
day of January, A. D. 1902, and payable the 1st day of Janu- Detroit,
Rochester, Romeo & Lake Orion Railway.
ary, A. D. 1932. The Guaranty Trust Company of New York
The entire Capital Stock of each Company consented to the
The authorized amount of the Mortgage is $25,- sale, and every share has been surrendered to the Detroit
is Trustee.
000,000.
Interest is payable semi-annually on the first days
United Railway and has been cancelled. The constituent Comof January and July in each year, principal and interest being
panies are powerless to increase their indebtedness.
payable in gold coin of the United States of America of or
The $4,257,000 of bonds now applied for have been authentiequivalent to the present standard of weight and fineness, at
cated and issued by the Trustee under the Mortgage for the
the Agency of the Detroit United Railway in the City of New
following purposes
York. The bonds are in the denomination of $1,000 each, may Under Article I, Page 1, of the Mortgage, in exchange
be registered at the Agency of the Railway Company in the
for a like amount, par value, of Detroit Suburban Railway Company Five per Cent. Bonds, dated November
City of New York, and may be retired on any day when inter$275,000
1, 1902, and which have since been cremated
est becomes due by sixty days' notice and by paying to the
Under Article III, Page 27, of the Mortgage, and upon
thereto
addition
per
Cent,
in
holder its par value with Five
Resolution of the Board of Directors of the Detroit
United Railway, for extensions, acquisitions and imand all accrued interest.
3,000,000
provements
Included in the bonds applied for are $807,000 of bonds
Under Article III, Page 27, of the Mortgage, for betterwhich are held in the treasury of the Company, hut which
ments and improvements to the extent of Seventy-flve
have been sold to he delivered on demand on or before July 1,
per Cent, of the cost thereof to the Detroit United
Railway, which improvements cost in cash a sum ex1905, without condition except as to date of delivery.
9^2,000
ceeding $1,300,000
The Detroit United Railway was incorporated December 31,
the
$4,257,000
1900, under the provisions of an Act of the Legislature of
Total
State of Michigan, entitled "An Act to Provide for the Forma- STATEMENT OF BONDS AUTHORIZED TO BE ISSUED
tion of Street Railway Companies," approved March 5, 1867,
UNDER THE MORTGAGE
and Acts amendatory thereof (the term of existence of the
Under Article Nos. I, II and III, bonds of the Detroit United
Company being thirty years from December 31, 1900).
Railway have been placed in trust with the Guaranty Trust
Its franchises are derived from the City of Detroit from Company, to be used for the payment of the following underTownships in territory formerly outside but now absorbed by lying IMortgages:
the City of Detroit, and from To^vnships, Cities and Villages Detroit Suburban Railway Bonds, secured by Mortgage
to the Union Trust Company, of Detroit, Mich., Trusadjacent to Detroit. Fifteen per Cent, of the total mileage is
$275,000
tee, dated November 1, 1892. due November 1, 1902
under franchises running on their face till 1909, and this mile- Detroit
Suburban Railway Bonds, secured by Mortgage
in
some
age is interlocked with other franchises which run
to the Union Trust Company, of Detroit, Mich., Trus140,000
tee, dated February 1, 1893, due January 1, 1908
perpetuity and the others varying from thirteen to twentyDetroit Citizens' Street Railway Consolidated Bonds, sefive years.
cured by Mortgage to the New York Security & Trust
The Company was organized for the purpose of purchasing,
Company, Trustee, dated January 19, 1895, due July 1,
6,585,000
1905
acquiring, constructing, owning, maintaining, using and operBonds, secured by Mortgage to the
ating street railways in the City of Detroit, County of Wayne, The Detroit Railway Company, Trustee, dated Novemthe Cleveland Tinist
State of Michigan,"^ and in any or all of the Townships, Cities
1,800,000
ber 5 1895, due December 1, 1912 to 1924
and Villages adjacent thereto.
Detroit Electric Railway Bonds, secured by Mortgage to
Trustee,
dated
July
14,
„ „ ^^
the Cleveland Trust Company,
The Company is also authorized and empowered to acquire
1,000,000
1896, due June 1, 1916
by purchase or otherwise such property as may be necessary or Detroit
seRailway
Bonds,
Isle
Fort Wayne & Belle
proper for conducting its business, and also to enlarge, develop,
cured' by Mortgage to the New York Security & Trust
Company, trustee, dated April 1. 1898. due April 1, 1928. 1,200,000
equip and improve the same as may be deemed expedient. Its
Wy.Tndotte
& Detroit River Railway Bonds, secured by
in
law
Directors have the usual powers conferred by general
Mortgage to the Union Trust Company, of Detroit,
200,000
regard to sale and disposition of property, but have no special
Michr Trustee, dated June 1, 1893, due June 1, 1903
privileges in regard thereto either by charter or by-laws, and Wvandbtte & Detroit River Railway Bonds, secured by
Mortgage to the Union Trust Comnany, of Detroit,
said powers are limited and restricted by the provisions of its
Mich., Trustee, dated December 1, 1898, due December
225,000
Mortgage.
191g
2
Since its organization the Company has acquired by pur- Detroit & Northwestern Railway Bonds secured by
„,^ „^„
Mortgage to the Union Trust Company, of Detroit.
chase with shares of its Capital Stock, with cash, or by as855,000
Trustee, dated May 1, 1901, due May 1, 1921
Mich
Companies,
sumption of the bonded indebtedness of underlying
Detroit" & Pontiac Railway Bonds, secured by Mortgage
all the property, rights and privileges of the following Comto the Washington Trust Company, of New York,
500,000
Trustee dated February 1, 1897, due February 1, 1922...
panies
:
THE CHRONICLE.
1124
be issued at the rate of Seventy-five per Cent, of such improvements upon a two-third vote of stockholders, $5,138,000. Outstanding bonds, numbered 1 to 275 inclusive, and 15,881 to 19,862
inclusive, including Treasury Bonds, $4,257,000.
Detroit Suburban Railway Five per Cent. Bonds, dated Febru^^„ ^„
1,100,000 ary 1, 1893, due January 1, 1898. Authorized, $250,000. Outstanding,
Detroit & Pontiac Railway Bonds, secured by Mortgage
to the Wasnington Trust Company, of New York,
Trustee, dated June 1, 1901, due June 1, 1926
Detroit, Rochester, Romeo & Lake Orion Railway Bonds,
secured by Mortgage to the American Trust & Savings
Bank, Trustee, dated June 1, 1900, due June 1, 1920
Detroit & Flint Railway Bonds, secured by Mortgage to
the City Trust Company, of New York, Trustee, dated
August
31,
1901,
due August
1,
„^ ^„
bOO.WU
Article III,
Page
27,
Cancelled, $110,000.
Detroit Citizens' Consolidated Five per Cent. Bonds, dated June
19. 1895. due Julv 1, 1905.
Authorized, $7,000,000. In escrow, $140,000.
Cancelled, $275,000. Outstanding, $6,585,000.
The Detroit Railway Five per Cent. Bonds, dated November 5,
Authorized. $1,800,000. Out1895, due December 1, 1912 to 19^.
standing, $1,800,000.
Detroit Electric Railway Five per Cent. Bonds, dated July 14,
In escrow, $1,800,000.
1896, due June 1, 1916. Authorized, $2,800,000.
Outstanding, $1,000,000.
Detroit, Ft. Wayne & Belle Isle Railway Five per Cent. Bonds,
dated April 1, 1898, due April 1, 1928. Authorized, $1,200,000. Outstanding, $1,200,000.
Wyandotte & Detroit River Railway Five per Cent. Bonds,
dated December 1, 1898, due December 1, 1918. Authorized, $425,000.
Outstanding, $425,000.
Detroit & Northwestern Railway Pour and One-half per Cent.
Bonds, dated May 1, 1901, due May 1, 1921. Authorized, $1,000,000.
Held by Trustee for improvements, $145,000. Outstanding, $855,000.
Detroit & Pontiac Railway Five per Cent. Bonds, dated February 1, 1897, due February 1, 1922. Authorized, $500,000. Outstand$140,000.
1,400,000
1921
$15,880,000
Under
[Vol. lxxx.
bonds allowed for immediate
use on account of extensions and acquisitions
III, Page 27, for betterments and improve-
iJ,
Under Article
ments
000,000
S'l^O.OOO
$25,000,000
Total authorized issue under the Mortgage
Of this amount $4,257,000 of bonds have been issued as above
set forth.
Article III, page 25, of the Mortgage, provides:
"It is further agreed. That if at the maturity of any of said
bonds secured by underlying liens, it shall be agreed by the
holders thereof and by the Railway Company to extend the
term of such bonds or to issue in lieu thei-eof new bonds of the
original mortgagor Companies, or of any successor Company,
the benefit of the additional collateral security herein provided
for shall not be lost, but the same shall inure to the benefit of
the holders of the bonds so extended, renewed or exchanged
with like effect and upon the same conditions as in the case of
the bonds secured by underlying Mortgages in existence at the
date of this indenture.
pursu"Provided, however. That none of the bonds issued
ance of such extension, renewal or exchange shall bear a higher
rate of interest than the prior issue of bonds by which such indebtedness was previously represented, and provided, also, that
the term of such bonds shall not be so extended that they shall
mature later than the bonds of the issue hereby secured."
m
The $275,000 Detroit Suburban Railway Mortgage, due November 1, 1902, has been paid, and 275 of the Detroit United
Railway Bonds, were taken out of the hands of the Trustee
for that purpose.
The $200,000 Wyandotte & Detroit River Mortgage, due
June 1, 1903, was paid with the proceeds of $200,000 Wyandotte & Detroit River Railway Bonds, due December 1, 1918,
which were held in escrow for that purpose.
Arrangements have been made for the payment of the $6,585,000 outstanding bonds of the Detroit Citizens' Street Railway Company Mortgage, due July 1, 1905, a like number of
Detroit United Railway Bonds to be taken out of Trust for
that purpose, as provided.
The JNIortgage Avhich secures these bonds is a lien on all the
property, franchises, rights, etc., of the Detroit United Railway, including 385,866 miles of track, and is also a lien on
the general equipment, consisting of five power houses aggregating 21,500 horse power; three storage battery plants of
4,650 ampere capacity; feeders of ample capacity for the whole
system; fifteen car houses; general shops for repairs and
construction; 1,011 car bodies; 1,144 car trucks; 1,671 car
motors, and numerous parcels of real estate.
TO DECEMBER
FINANCIAL STATEMENT, JANUARY
1
Gross earnings, all sources
Operating expenses, including taxes
1903.
$3,864,944.53
2,246,947.18
1904.
$4,007,879.05
2,370,363.27
$1,617,997.35
868,113.30
$1,637,515.78
$749,884.05
$710,144.31
31.
ing. $500,000.
&
Pontiac Railway Four and One-half per Cent. Bonds,
Authorized, $1,100,000. In
1, 1901, due June 1, 1926.
escrow, $500,000. Outstanding, $600,000.
Detroit, Rochester, Romeo & Lake Orion Railway Five per
Cent. Bonds, dated June 1, 1900, due June 1, 1920. Authorized,
Cancelled, $150,000. Outstanding, $1,100,000.
$1,250,000.
Detroit & Flint Railway Five per Cent. Bonds, dated August
Authorized, $3,000,000. In escrow,
31
1901. due August 1, 1921.
Cancelled, $500,000. Outstanding, $1,400,000.
$1,100,000.
Quarterly dividends of One per Cent, have been paid by the
Detroit United Railway since March 1, 1901.
The Company hereby agrees that it will publish, at least
once in each year, proper detailed statements of its income
and expenditures, and also a balance sheet giving a detailed
account and accurate statement of the condition of the Company at the close of the last fiscal year.
H. A. Everett,
The Oflicers of the Company are as follows
Chairman of the Board, Cleveland, 0.; J. C. Hutchins, President and General Manager, Detroit, Mich.; Arthur Pack,
George H. Russel,
Vice-President, Orchard Lake, MiMch.
Treasurer, Detroit, Mich.; Edwin Henderson, Secretary, New
York, N. Y. A. E. Peters, Assistant Secretary, Detroit, Mich.
Directors: H. A. Everett, Cleveland, 0. ; J. C Hutchins, Detroit, Mich.; George H. Russel, Detroit, Mich.; Arthur Pack,
Orchard Lake, Mich.; E. W. Moore, Cleveland, O.; G. W.
Wason, Cleveland, 0; H. R. Newcomb, Cleveland, O. H. S.
Holt, Montreal, Quebec; R. B. Van Cortlandt, New York,
N. Y.
The general ofiices of the Company are located at No. 12
Woodward Avenue, Detroit, Mich.
We submit herewith certified copy of Mortgage and copies of
same; certified copy of Articles of Incorporation; By-laws of
the Company; specimen copy of Bond; Opinion of Attorneys
attesting legality of Bonds, Mortgage, Organization of Company, etc. Engineer's Certificate copy of Resolution of Board
of Directors authorizing issue and delivery of bonds; Certificate of Trustee as to acceptance of Trust and execution of
bonds, and discharges of the Mortgage securing the bonds
formerly issued by the Detroit Suburban Railway Company,
due November 1, 1902, and by the Wyandotte & Detroit River
Railway, due June 1, 1903; and Certificates of cancellation of
the following bonds
110 Detroit Suburban Bonds, numbered 141 to 250 inclusive;
Detroit
dated June
:
;
;
;
;
;
Net earnings
Interest on funded and floating debt
Net income
BALANCE SHEET, DECEMBER
31,
Road, power houses, equipment and real estate
Investment in stocks of other companies
Bonds, bills and accounts receivable
Discount on bonds
Prepaid taxes, insurance, etc
Accident fund
Stores
Cash
Capital Stock
liabilities
Unredeemed
1904.
$30,468,301.96
1,774,898.59
1,264,601.88
381,092.84
91,228.00
38,837.41
163,923.56
16,250.65
$34,199,134.89
$12,500,000.00
18,880,000.00
1,789,486.48
41,812.94
11,372.71
976,462.76
Mortgage Bonds
Current
927,37L47
tickets
Insurance fund
Surplus
$34,199,134.89
The entire bonded indebtedness of the Company and that
assumed by the Company is itemized as follows:
Detroit United Railway Four and One-half per Cent. Bonds,
dated January 1, 1902, due January 1, 1932. Authorized $25,000,000.
Held by Trustee to retire underlying mortgages as given below,
fl5, 005,000. Held by Trustee for Ijetterments and improvements, to
The Financial Jbteriew for l9iJ5, published at the oflSoe
of the CoMMEROiAii AND FINANCIAL Cheoniole, is HOW ready.
It i» an invaluable book for reference throughout the year.
Some of the contents are as follows :
Retrospect of 1904, giving a comprehensive review of the
business of that year, with statistics in each department,
financial
Bank
and commercial.
Clearings in 1904, with comparative statistics for 20
Record of Transactions on the
Detroit Citizens'
Consolidated,
numbered
2,248
to 2,522 in-
Rochester, Romeo & Lake Orion Railway, numbered 1,101 to 1,250 inclusive; and
500 Detroit & Flint Railway, numbered 2,501 to 3,000 inclusive.
Respectfully submitted,
DETROIT UNITED RAILWAY,
By
J. C.
Hutchins, President.
A. E. Petees, Asst. Secretary.
The Committee on Black Lists recommends that the abovedescribed $3,450,000 First Consolidated Mortgage Four and
One-half per Cent. Coupon Bonds of 1932, for $1,000 each, of
various numbers (numbers on file in the Secretary's office),
be admitted to the list. The Committee further recommends
that $807,000 additional First Consolidated Mortgage Bonds
be added to the list from time to time, but prior to July 1,
1905, on official notification that they have been delivered by
the Company, making the total amount authorized to be listed
$4,257,000.
Adopted by the Governing Committee, March 8, 1895.
Exports and Imports for a series of years.
Comparative prices of Merchandise.
Foreign Exchange— D/iily Prices in New York in 1904.
Bank of England Weekly Statements in 1904, and
changes in the Bjink rate for a Reries of ycard
Government Bonds— Monthly Range
since 1860
the
and Debt
Statemont.
years.
In
275
clusive;
150 Detroit,
New York
Stock Exchange
each of the past 10 years.
Securities listed on the New York Stock Exchange in 1904.
Money rates by weeks for past 4 years on all classes of loans.
Weekly Bank Statements in 1904.
Crop
StatiHtics for a series of yedrs.
Coal— Production for a series of years,
Gold and Silver -Production for a series of years
Monthly Range of Price of Silver for three years.
Iron and
and
State
Bonds —Record
of Prices since 1860.
Railroad and MieoellaueoaH Bonds and Stocks— Monthly
Range of Prices for five years in New York and for one
year in Boston, Philadelphia and Baltimore.
Description of Railroad and Indnstrial Securities, Record
of Earnings, Dividends, Railroad Construction, and other
statistics for a series of years.
The price of the Review is $3.
William B. Dana Co., 16% Pine Street, New York.
Copies may also be had from P. Bartlett, 513 Monadnock
Blk., Chicago; Edwards & Smith, 1 Drapers Gardens, London,
Mar.
THE CHRONICLE.
18, 1905.]
stronger Automatic Telephone Co.—iV^i^ Directora—-At
the annaal meetiisg last week, F. Siegel and C. C. Wheeler
were elected directors, succeedicg J. Siegel and A. C.
Wheeler Jr. The first-named has became Treasurer and his
colleagne Vice-President.— 7. 78, p. 1114.
Topeia (Kan.) Water Co.— Sale Consummated,— City in
Possession.See "Top^ba" in Statk & City Department,
page 1 137, -V. 79, p. 2208.
Union Ferry Co New York.— Dividends Suspended,—
This company, which from 1900 to Jan., 1905, paid its share,
holders quarterly dividends at the rate of 2
has BUspeLded dividend distributions.
The
received from 1894 to 1897, inclusive, 4 p.
3>^p. c; 1899, 8
per annum,
p. c.
stock, $3,000,000,
yearly, in 1898,
o.
leases
from the
city expired
May
1,
1901.
and, pending the negotiations for new leases, the city claimed
the company should pay rental on the old basis, viz., 1% p. c.
of the gross receipts. This contention was carried into the
courts after $50,000 rental had been paid, and is still ucset*
tied.
On March 6, 1905, the company notified Commis
sioner Featherstone that if there is not an adjustment of the
claims of the city against the company before May 1 the
latter will cease operating the ferries.
The company's
^oxnmzxtml
^imjes*
COMMERCIAL EPITOME
Friday
Night, March
17, 1905.
The volume
of business transacted in most lines of trade
has reached fairly full proportions.
Weather conditions
of
the country have been favorable
over a considerable area
for a full development of the distributing movement of merchandise, and both dealers and jobbers have been ordering
shipments on their outstandicg contracts v^ith increasing
Manufacturers also have continued to report a fair
amount of activity in the booking of new orders. The reports from the iron and steel markets have shown no subsidence in the active condition of business. In the speculative markets renewed animation has developed in cotton
buying for the account of outside speculative interests advancing prices.
Lard on the spot has been in more active demand, and, as
offerings have been limited, particularly of City, prices have
advanced. The close was firm at 7*40o. for prime Western
and 6'75@7c. for prime City. Refined lard has had only a
moderate sale, but prices hare advanced, closing firm at 7 '50c.
for refined for the Continent. Speculation in the market for
lard futures has been more active. Decreasing receipts of
swine and more aggressive buying by packers have advanced
prices. The close was firm on shorts covering.
freedom.
p. c.
The company's
^Jxz
1125
petition said
last three years of its lease snffered greatly, the
Fulton ferry especially so from 1891 to 1898 this ferry carried about
10,000,000 passengers yearly, but In 1898, by reason of the trolleys
:
The company in the
;
number dropped to 7,000,000, and steadily
decreased thereafter, and in 1901 less than 5,000,000 were carried,
•while last year only 3.800,000 were carried. The Catharine and Wall
street ferries also Buffdred, with no corresponding deorease in ooerWe are seriously handicapped by the A.ot which
atlng expenses.
prohibits more than a one cent fare during what are known as commission hours, and we are compelled to sell seventeen tickets for 25
cents.
No such restrictions are placed upon other ferries, which
charge 2>a and 3 cents at all times.— V. 77, p. 455.
croaeing the bridge, this
Union Typewriter €o.— Annual Meeting—New Offloers. —
At the annual meeting on Wednesday, Second Vice-President May !l«i'y... ...... 6SiU
97J«
7-0713
7-10
6-97ifl
7-iais
7-15
Eail", presiding, stared that there was a slight falling off io Jtdydel'y
7-1213
7-2213
7-30
7-12»ii
7-221S 725
business during the past year, but that the prospects now
Pork has continued to meet with a fair sale and prices have
are for decided improvement. An advertisement in the New
York "Sun" of March 13 contained an illustration "showing been advanced, closing at $13 25@13 75 for mess, $13 50@
the new addition by which the capacity of the plant has been 15 50 for short clear and |14 50@15 for family. Cut-meats
increased to a machine a minute." The following changes are have had a fair jobbing sale at firm prices, closing at 6c, for
reported:
New Directors: J. W. Earle and S. G. Whlton to succeed H. H. pickled shoulders, 8^@9c. for pickled hams and 7@7J^c. for
Benedict and E. G. Blackford.
New Oflaoere: J. W. Earle, Vice-President, in place of E. G.
Blackford, deceased, and James M Qlfford, Second Vice President, in
place of J. W. Earle.- V. 79. p. 1481.
United States Leather Co,— Large Deposits Under Plan
The Central Trust Co. has received assents to the plan
—
of
Dec. 17, 1904 (V. 79, p. 2715,) as follows, signed agreements
being held from persons absent from home in the case of
amounts "to be deposited."
<
Stock—
Assented.
Deposited. To be depoi'd.
.
Total.
Jotal
P. C.
issued.
assented.
Preferred. .$54,224,900 $834,200 $55,059,100 $62,28iS,300 over «
Common... 56,948,700 791,600 57,743,300 62,882,300 over 90
No extension of time for making deposits has been made,
but the committee is in receipt of many applications for permission to make such deposits, based upon various grounds
explaining the delay, as to none of which it has yet taken
action. -V. 80, p. 870, 875.
United Water
&
Light Co.— See North Shore Electric Co
Zanef>Tille (Ohio) Gas Light Co. Sale of City's Holdings,
See "Ziuesville," page 1188, of State
City Department.
At last accounts the company's capital stock was |50,000.
President, M. M. Granger.
—
&
—
Many office changss are being made this spring among
the Chicago bond dealers. E. H.Rollics & Sons have greatly
enlarged their quarters in the Counselman Building, corner
of La Salle Street and Jaokson Baulevard, and MacDon-ild,
McCoy & Co. contemplate a considerable extension of their
area on the third floor of the New York Life Buildiag, Besides the removal of Tracy & Go., May 1, v.o the ground floor
of the First National Bank Building (mentioned in our columns last week), a number of the other bond houses having
offices in this building are about taking possession of larger
suites in the newly finished half of this "skyscraper," fronting on Dearborn Street. Among these are Devitt, Tremble
Co., Tiowbridge-Niver Co., H. C. Barroll
Co. and How
ard, Simmons
Go. Pefibody, Houghteling «& Co. add to
their quarters a long extension in the ne^ building.
&
&
&
— The well-known Stock Exch?,cga house of King,
& Co,
Hoden-
making extensive
alteratioos in its Wall StreC.
offices.
When completed the concern will have the use of
the entire eighth floor of No. 7 Wall Street. The prpsent
members of the firm are: Anton G. HodenpyJ, John C. King
and O. E. Babcoek.
pyl
is
—$200,000 tax-exempt 4 per cent certificates, secured,
share for share, by Illinois Central stock at par, are offared
for sale and reoomm^ndei as a good investment by Schmidt
& Qallatin, member.^ New York Stock Exchange, 45 Broadway. Price to yield 4*20 per cent,
—Shoemaker & Bates, 24 Broad Street, have issued their
March circular giving particulars regarding several bond
issues which they are oftering.
Samuel H. Barrows, 38 Broad Street, advertises a list of
water, gas and other bonds. The advertisement is on
page VIII.
—J. B. Griggs became a member of the Pittsburgh banking firm of Robinson & Orr on the let inst.
pickled bellies, 14@10 lbs. average. Beef has been quiet but
steady at $9 50@10 for mess, $10 60@11 for packet, $ll@12
for family and $16 50@17 for extra India mess in tcs. Tallow
has been firm but quiet at i%3, Stearines have been quiet
but steady at 7J^o, for lard scearine and 7c. for oleo stearine.
Cotton-seed oil nas been dull but steady, closing at 26@253^c,
for prime yellow. Butter has been in fair demand and prices
for the better grades have advanced slighly, closing at 20@
Cheese has continued in fair demand
27J^c. for creamery.
and steady at 103^@14c. for State factory, full cream. Fresh
eggs have declined and at the lower prices demand has been
active.
Brazil grades of coffee were quiet and slightly easier early
in the week. At the close there were indications of renewed confidence, demand improving somewhat. Prices
were steady, with Rio No,7 at 7%c. and Santos No. 4 at 83^c.
West India growths have held steady, owing to ligLit receipts,
closing at 9@9J^c. for good Gucuta and lOJ^c. for good average Bogota. Speculation in the market lor contracts has
been moderately active. During the first half of the week
prices weakened under moderate selling. Subsequently, however, indications of an improving statistical position had a
steadying effect. The close was firm.
The following were the closing asked prices :
Nov
March
6-85o.
. 6*15c.
Aug..,
., 6-60e.
6'90o.
May
6-70c. Deo
..0-™ 6-35(5. Sept
6950.
July
6800. Jan
6'50c. Oct
sugars sold at lower pcices, but the close was firmer
at 5c. for centrifugals, 96-deg. test, and 4%c. for muscovado,
89-deg. test. Refined sugar has been in slightly better demand and steady, at 5'95c. for granulated. Pepper has been
firm,
Ocher staple groceries have been quiet.
Kentucky tobacco has continued to be firmly held at extreme prices and only limited sales have been reported.
Offerings of seed leaf tobacco, particularly of attractive old
grades, have been reported small, and this has had a quieting
effect upon business.
Sales during the week have lucluded
1901 Wisconsin H'lvana seed Bs; 1903 Wiscoosin Havana
seed binders, and 1904 Connecticut Havana seed. Sumatra
and Havana tobacco have been in fair demand and firm.
Off wrings of Straits ten have been limited and prices have
The close was slightly easier at
continued to advance.
29 40@a9 600. Ingot copper has been in moderate demand and
steady at 153^@l5%c. for Lake and 15i^@l5)^c. for electrolytic. Lead has been unchanged and st«aciy at 4'60@4"60c.
Spelter has been quiet out s'eady at 8"15(a6 30c. Pig iron has
been in good demand and firm at $17 50,^17 75 for No. 2
Northern and $17 25@17 50 for No. 2 Southern.
Refined petrolenm for export has been fairly active and
closed firm at 7"25e. in bbls., 9-95c. incases and 4 35o. in
bulk. Naphtha has been steady at ll^o. for 71 degrees and
Credit balances nave been unchanged,
I2c. for 76 degrees.
closing at l'S9c. Spirits turpentine has advanced, closing
firm at 56c. for machine bbls. Rosin has been in small
supply and firm, closing at $3 00 for common and good
strained.
Hops have been easier. Wool has been less
active, but firmly held.
1
!
I
Raw
THE CHRONICLE
120
J
COTTON.
Friday Night, March 17, 1905.
as indicated by our telegrams
The Movement op the Ceop
from the South to-night is given below. For the weeli ending
this evening the total receipts have reached 139,563 bales,
against 143,666 bales last week and 152,472 bales the previous
week, making the total receipts since the 1st of Sept., 1904,
7,832,197 bales, against 6,581,043 bales for the same period of
1908-4, showini? an increase since Sept. 1, 1904, of 751,155 balee.
at—
BeeeiptM
Galveston
4,182
Wed.
Tuts.
ifon.
Sat.
7,211
9,923
Thurt.
7,080
Jtn.
6.958 15,920
942 1,287
9,722
.
367
Bavannah
Bmnsw'k, &e
Oharleston
Pt. Royal, Ac.
Wilmington....
Waeh'ton,*o.
Norfolk
34
2,530
1,869
2,411
2,835
122
437
485
508.707
425.628
331
566
2,133
1,040
508
2,886
814
1,650
1,292
8,190
50
340
698
CO
72
269
698
300
14
14
N'p'tNewg,&o.
Tot.
tlila
2,949
49
269
214
week. 20,434! 18,841 33,707 22,026 21,848
22,70;i 139.662
128
The following shows the week's total receipts, the total since
I5 1904, and the atooks to-night, compared with last year.
Septi
1903-04.
1904-05.
Beceiptt to
Meh. 17
ThU
ThU
Since Sep.
1, 1904.
week.
xoeeh.
Stoclt.
Sir^e Sep.
1. 1903.
37,322 2,095,229
4,376 174.356
New Orleans 60,118 2.028.135
MobUe
5,425 251.833
P'saoola, d(0.
2,576 144,669
Savannah... 14,006 1,333,825
487 162,180
Br'wlok, *ro.
485 184.228
Charleston..
14
851
P. Royal, <bo.
Wilmington.
2,133 281,105
122
Wash'n, &e.
Norfolk..,..
8,190 519,619
698
9,480
N'portN.,&o
22,264
300
New York...
52,334
Boston
2,949
269
38,813
Baltimore..
214
10.204
Pklladel.&o.
18,515 2,225,207
368
93,572
23,987 1,784,726
260 188,141
3,422 126,067
7,518 1,066,704
374 120,111
2,166 149.473
1,063
2,056 319,130
Totals. .„.. 139,562 7,332,197
Qalveaton...
Pt. Ar.,<feo.
1905.
1904.
166,161
39904
249,663
39,365
346.997
9,121
......
43,904
8,213
13,529
43,573
6,849
8,563
7,164
5,478
336
425,050
29,582
9,474
15,909
7.047
18,299
23,245
11,957
99
68
67,780
8,115
6,585
1,806
81.052
29,000
3,390
65.687 6,581.042
€31,954
536.141
5,374
312
992
847
466
.^ a- -•
2,774
In order that a comparison may be made with other years,
we give below the totals at leading ports for six asaeous.
BeeeiptM
at—
Qalves'n, &o.
New
Orleans
MobUe.. ....
Savannah
1904.
1903.
41,693
60.118
5,425
I4,00b
18,883
22,987
32,610
29,658
20,487
35,793
41,875
43,559
260
281
500
426
7.518
2,166
2,056
6,374
13,019
20,622
1,873
2,421
9,441
103
13.S01
97
31,912
134.124
104,023
1902.
698
342
419
6,795
6,101
6,916
wk. lo9,562
65,687
90,131
106.305
Ohas'tou. &e.
Wllm'toB, Ac
Norfolk
N. News, Ao.
All others...
Tot. this
1901.
1905.
11,903
2,708
1,640
7,490
2,418
23,3 6
. .
499
2,133
8.190
223
1,864
6,154
1900.
10,726
29.478
3,956
16,399
8,808
2,157
The export? for the week ending this evening reach a total
of 16J,000 baies, of which 61.681 were to Great Britain, 21,266
to France and 80,053 to the. rest of the Continent, Below
are the expovts -or vr<fi week --.nd ^Incp Ser^t, 1 . 1904.
Export*
from—
Great
fiance,
Brit'n.
Ualveston
18,^65
18.633
Peniaoola, &o.
Bmniirlok
16.177
—
—
Great
Oritain.
1.
1901, to
trance
933.305 a02,3ji2
79,015
716.^88 286,100
5,082
2.500
16.177
Boiton
Saltlmore
4,317
8,206
1,180
61,681
Total.
199,469 1,640,096
83,902
14\187
1.667,230
H.COll 27,3 Jl
53.183
12';,S20
62.669
19,584
50,681
138.817
283.809
12a.3i7
8.879
17,766
718,344
994,'JO.S
6,94tt
129,283
e9.17ii
7;i,851
3,86.'
169,016
100
7,717
271,867
21.283
l.lltl
13.3 i6
e.eio
14,'i'9
100
230.936, 18,303
109,5 il
108. '28
1.882
6,0^9
10'5.037
63
8,261
73..S21
1.381
2.751
3^821
11.1B8
ll.lV-)
11.9i.")
119,990
31.994
1C9.43;*
3.199
161,114
86,380
161,414
163 000 2.-.7).521 82'2,fl07 a.«.il,7«l
21,266, 80.068
'
061,102
1,121
'
184
21.579' 6H.013 2.067.70S:04B,010 ^.400.740
e',5o6
Norfolk
JTew York....
Other ports .
5'6o6
3,300
"300
i'.Voo
<•-
16,000
"edo
1.200
1,000
7,706
16,000
7.100
4,800
13..582
60.680
20,662
Speculation in cotton for future de.ivary his be^n on a
extensive scale, there baing a revival of outside
speculative interest in the market. The tendency of prices
bas been towards a higher basis, a fair advance in values for
the week being established. A ball cliqne, headed by an
operator who was conspicuoas in the market last season, has
given its support to the market, and another prominent operator who was understood to be heavily short of the market
has openly admitted being an extensive buyer to cover hia
short sales. The advices received from the South stating that there was a continued demand for cotton
at pri«es above the parity of values in the N. Y. market,
served to
create nervousnes3
among bear interests,
with the result that they entered the market as buyeri
to cover their short sales.
The basis at which the S^uth
is supposed to have sold quite soma cotton was 8c,, and reports are now heard to the effest that planters are holding
for an advance from this basis before they will be willing to
much more
additional supplies of impo:.^;ance. The amount of cotton "in eight" for the week was fairly full, and it is expected
f.hat receipts will continue moderately large as a result of
tbe business recently transacted. It; is generally conceded,
However, that consumption requirements are in excess of all
previous records and that the cotton coming forward is being
readily absorbed. To-day tbe market opened at about unchanged prices. Subsequently, however, there was a firmer
tone and on moderate buying quotatioas advanced. Towards
the close, under profit-taking sales, the market turned easier,
and final prices were barely steady at a net decline for the
day of 1@4 points. Cotton on the spot has advance!, closing at 8'20c. for middling uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
arrades would be as follows:
sell
UPLANDS.
Sat. mrom
(jood Ordinary.
bow Middling..
\Ilddllng
Cfood Middling.
.[Iddllng Fair..
GULP.
Tnea
6-90
7-52
7-90
«-34
8-86
7-00
7 ti2
782
8)0
8 20
»-44
8 96
8-d4
9-16
Sat.
MoU'TiBe*!
716
7-25
7-87
8 25
+ood Ordinary.
:.ow Middling..
7-77
.middling
815
^ood Middling.
»-59
sridfUlng Pair..
911
HTAINKD.
Sat..
LOW Middling
Hlddllng
6-40
7-40
Strict
Low Middling
Gfood Middling
869
»'2l
7-20
7 45
8-07
Tb.
Vri.
7-20
7-82
8 io
8-64
9-16
7-15
7-77
8 15
a-59
TiO
911
916
Wed
Tl».
Frt,
745
807
7-40
8*0 ,i
7 45
S'c5
8 ao
-,•64
815
8 45
8 -40
8 15
8-89
9*41
8-89
8'84
9-36
8-89
941
941
MonlTueii VF«&\ Th. Vri
lt7,197
Tinged...
Tinged
756
7-90
6f>0
7-30
7-66
8-00
6*70
7*70
7-86
8 20
6-70
7-70
7-86
8-20
6-65
I
I
I
765
7 81
8-i5
6 70
7-70
786
8-.!0
The quotations for middling upland at New York on
Mch. 17 for each of the past 82 years have been as follows.
1905....0. 8-20
1897... ,0.
1904
1903
1896
1895
1894
1893
1892
1891
1890
1902.
1901
1900
1899
..15-65
.1000
9i«
Ii\
O'b
688
6ie
7H
778
6»4
7ifl
1889
1888
1887
1886
1885
1884
1883
1882
...o.lOifl
tOi«
10
9Je
1881. ...0.10^
1880
1879
1878
1877
1876
1875
133,
»'8
lOiSje
1188
12'9
IC»4
115,6
ll
10J4
li-Ss
1874.
12^16
1898
NOTK.— On Oct. 1,1874, grades of ootion as quoted were ohawK'id
According to the new olaasllloatlon MiddllUK was on that day quoted
^0. lower Chan Middling ot the old olasBltlcatlon.
815,6
613,6
91,6
117iH
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Market
Closed.
<aturday
Monday
.. tinlflt.--.
Futures
Market
Closed.
Total
Sales or Spot
& Oonteact.
Ex-
Con-
Con-
port.
sump.
tract.
29
Hieady
81'dy. 10 pts. ad. Firm
vjulet,.20pts. ad Kirin
"nesday . .
vVednesday UtUet
8tnady ......
Thursday., Quiet, 5 pts. do.. 8r«aay
Ualei,5pt8.a(lv B'rly steady.
b'rday
1
1
8g,g00l
1906
6:i5,'-.'34
12.079
281
Continent.
17.
18.616
100.
7.803
Total. ieo34>4
Uch.
Exported to—
Sept.
108.660
Naw Tork
Total.
81,295
6,0-8
2,600
Cbarleston
PortBoTal....
WIlmlnKton...
Norfolk
N-port N., &o..
Philadelphia.,
^an Fran., Ao..
2i,W6
from
66.2e5|
Mobile
'iarannafc
ContU] Uotal
Wtek.
nent.
I,ai0
Pt-Arthar, Ac.
New Orleani.. 26.196
190B.
......
>robIle
5,ll!0
Since 8ept 1 7333,197 6581,042 6818,179 6733,692 6283.282 5875,626
Week Ending Mch. 17.
Bxvorttd to—
700
20S.232
89,205
89,201
13,529
31.666
46,436
66,959
4,700
481,759
596
37
1.851
1.X23
22,878 10,823 25,537 17,026 10.765 87.434
67,081 18,838 61,499 21,757 8,744 167.919
53
PMladelp'a, Ao
9.286
8,595
4.000
..
Total 1904..
Total 1903..
288
1,321
9.658 2,193 23,44^
28,586 12,986 15.670
stock.
Total.
487
113
2,126
299
351
Sew Orleans,
aalveston.. ..
Other Coastmany. For'gn wise.
eer-
46,541 21,978 41,318 22,481 20.874 153,195
634
114
Boston
.. ....
Baltimore
Leaving
Great
Britain Fr'rwe
Total 1905..
9,065 10.199
1.026 1,169
12
1,984 2,781
68
150
423
ON 3HIPBOAKD, NOT CLBAKED FOB—
Mch. 17 o«-
Oharleston...
3,769
4,376
8,254
31
50
442
We
37.322
4,376
60,118
5,435
2,676
14,006
5,157
87
New York.
Vol. Lxysi,
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.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
Savannah..
Pt.Artlitir,&c
ETew Orleans.
Mobile
Pensaeola, &o.
Total,
!
....
810
200
29
5iO
1,100
2.100
200
200
1.500
2.915
"76
1,000
....
—
1.415
Total.
"76
Mae.
THE CHRONICLE.
18. 1905.]
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cable and telegraph, is as follows. Foreign stocks, as we)l
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening
But to make the total the complete figures for to-nigh':
(Mch. 17), we add the Item of exports from the United States,
including in it the exports of Friday only.
1905,
1904.
1903.
1902
Stook at liiTftXpooi
^l>!&ieG. 864,000
571.000 681,000 1,118,00
Stock at liondQs.,..
12,000
11,000
4,00:
8,000
Stook at Uanohestor. ^».
51,000
64,000
Total Great Britain stock
917,000 646,000 689,000 1,122,0CC
Stook at Hamburg. ....^ ._„ .^
9.000
8 000
14.00';
7,000
at
Bramsn
Stook
.,^
!»>«*««
349,000 880,000 284,000 233,00C
at
Stock
Antfrerp ....
1.000
4,000
8,00c
3,000
Stook at Havre^^ .^
155,000 223,000 208,000 244,00i
..
M
©CRto©;
wc;!MOi
(y.
x^.
to
to
01
to
i-i
§
t-t
ii^«ii^x»-atoc;i©a;©M
'
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Stook at iSarselllea...
2,00c
3,000
3,000
3,000
Stock at BaroelQua..
72,000
49,000
54,000
40,000
Stock at Genoa
45,cc»<:
39.000
21.000
28,000
Stook at TfimU
4,00c
3,000
4,0C0
5.000
Total Continental stocks.. 631,000 892,000
578,000 604,0(t0
Total European stocks.. ..1,548,000 1,338,000 1,267,000 1,726,00;
India cotton <»aoft?Gr,g5.i«ii)e
82,0'">C
76,000 227,000 154,000
Amer.ootTonftfiovtxo?B'rope. 381,000 201,000 473,000 380,00C
Egypt, BrazU,&e.,»flti.f or E^pe
57,00C
43,000
41.000
48,000
Stockln Alexandria, Egypt... 199.000 235,000 148,000 S38.00C
Stock In Bombay, India. ..«™, 709,000 367,000 710,000 571,0<!0
Stock In United States ports
634,964 596,141 593,647 773,816
BtOOkln a. B.lnterlOttOWnill. 697,268 315,46Z 269,975 444,973
United States «xpoptBtO-d»y
16,62 9
41,368
18,855
1,485
Total visible supply
4,229,590 3,339,458 3,671,007 4,289,418
Ol the above, totals of Axo'jr can and ot&ar aeaoriptions are as ioIIO'T! »:
.
.
UTerpoolstOOk
ljai*iji.
Manchester stock...............
777,000 486,000 604,000 1,001,000
43,000
50,000
Continental stocks
„.„„„ 589,000
653,000 547,000 561,000
Ameneac afloat for Snrope... 381,000 201,000 479.000 S80,ooc>
United States stock....... ...... 634,954 596,141 593.547 773,816
united Stateslnterloi Stocks. 697,268 315,462 269,975 441,973
United Stsatesexpor 68 to-day .
16.629
41,368
18,855
1,485
lotal American..,.-.. ...... 8,063,690 2,320,458 2,495,007 3.177,418
Matt Indian, Brasil, <fs.—
IdTerpoolstock.^..... ..........
117,000
77,000
77,000
85,000
London stock
4,000
12,000
11,000
8,000
.....,..„
Mancbester stock
8,000
14,000
„
Oontlnenial stocks..... .^^^^
43,0'CO
42.000
'si'.boo
39.000
India anoat for Bnrope . ...^
82,0OC
76,000 227,000 154,000
57,00<teypt. Braxll, Ac, afloat
43,000
41,000
48,000
took In Alexandria, Egypt... 199,000 235,000 118.000 238,00C
Btoek in Bombay, Indla..^!
709,000 367,000 710.000 571,00<
Total Bast India, *e, ,..v 1.166,000 1.019,000 1,176,000 1,112,000
Total American......
8,063,550 2,320,4.'^8 2,495.007 3,177,41 8
Total visible supply
4,229,090 3,339,4.58 3,671,007 4,289.418
Wddllng Upland, IJverpool.
5-40d.
41»i8(l.
4-31d.
8-24d.
Middling Upland, Nei» York..
9I16C.
8-200.
15000.
10-15C.
gypt efood Bro-m, Liverpool 75igd.
6I16I
8%d,
g-'sd.
Pern ». Bongh Good, Liverpool lOlOd.
7fl,
lOd.
7-80d.
Broach Fine, Liverpool
"VTqI.
49i6(l.
45,,(d.
6d.
linnovelly Good, LSTerpooi...
4 383.
6d.
Tiiiad.
4V-
Continental imports paat week have been 129,000 bales,
figures for 1905 show tni ncrease over last week
of 22,199 bales, a gain of 890.132 bales over 1904, an excess of
658,533 balea over 1903 and a loss of 59,828 bales from 1902,
'^
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The above totals show that the interior stocks have Jeoreaaed during the week 8,0b0 bales, and are to-night 281 ,806
bales more than same period last year. The receipts at all the
towns have been 56,957 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Mch. 17 and since Sept. 1 in the last two years are as follows.
We
190405.
t
March
17.
Week.
Shipped—
Via St. Louis..
33,302
982,192
123,865
13,066
38,132
2,305
60,548
29,251
65,101
3,732
210
1,870
.
Since
Sept. 1.
41,927 1,031,996
568
Leaving total net overland"
Week.
457,756
234,890
12,223
Total to be deducted..
Since
Sept. 1.
24,059
2,143
25
2,842
1.107
3,126
1 .147
2,021
Total trross overland
...
Deduct shipments—
Overland to N. Y., Boston, &o..
Between Interior towns..,. ...
Inland, &o., from South
1903-04.
416,190
244,800
39,113
69,681
42,144
220,068
18,694
7,274
Via Cairo
Via Rook Island
Via Louisville........
Via Cincinnati
Via other routes, &c..,
78
5,397
13,208
102,059
29,866
177,135
5,812
174,863
7,780
154,900
36,115
657.3 33
25,522
860,039
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 36.115 bales, against 25.622 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 2,906 bales.
Including
1904-05.
1903-04.
In Sight and Spinners'
Takings.
Week.
Since
Week.
Sept. 1.
Receipts at ports to Mch. 17.
139,562 7,332.197
Net overland to Mch. 17
36,115 857.133
Southern consnmptloD Mch. 17.. 44,000 1,184,000
Total marketed
fnterlor stocks in excess..... ....
Came Into
219,677
'8,080
9,37.-!,330
535,(:i08
Since
Sept. 1.
65,687 6,581,012
25,522 860.039
42,000 1.167,000
133.209 8,608,081
17,40t>
303,860
•
115,505
sight during week. 211,597
Total In sight Moh. 17
9,9*68,93*8
8,911,941
21,110 1,578,539
Decrease during week.
Movement into sight in previous years.
46.127 1,906,746
North, spinners' tak'gs to Moh. 17
*
Week—
^
The above
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the
week and
•
t
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'
«;
(n.
is
•
-q»J
1
a>
1
movement— that
the
since Sept. 1, the shipments for the
week and the stocks to-night, and the same items for the
'orresponding period of 1903-04— is set out in detail below.
receipts for the
2i
*•
B M
S
£•» V * » M
llnlTIIT
m =
D » c
HD
C
1
;
3
g,
6* '-•35 c»
r(B
•
'
At the Interior Towns
prices at Nfiw Yov
olosinf!:
(tl
1127
Mar. 20
;902- Mar. 21
i901-Mar. 22
900- Mar, 23
1903
1
Bales.
135,377
141,946
165,189
125,284
Since Sept.
1—
Bales.
190203- Mar. 20
l?01-02— Mar. 2 1.
1900-01— Mar. 22
1899-00— Mar. 23
.....
,.
9,169,521
9,091,230
8.706,044
8,012,057
THE CHRONICLE.
1128
[YOL. LXXX.
Montgomery, .^Zabama.— With favorable weather good
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern progress is being made with farm work. There has been
and other principal cotton markets for each day of the week. rain on three days during the week, to the extent of twentyseven hundredths of an inch. The thermometer has averOLOSINO QUOTATIONS FOR MIDDLIHG COTTON ON—
aged 55, ranging from 44 to 71.
Week ending
March
17.
Monday. Tuesday. Wed'day. Thursday Friday.
Sat'day.
Galveston. .
New Orleans
Mobile ......
79,6
738
7^
7»fl
Savannah...
Charleston
Wilmington.
Norfolk
788
783
Boston,...,.
Baltimore. .
Phlladelph'a
7-90
7-88
8-15
7-90
AngroBta.
7^
Memphis
7%
738
7ifl
St. Lonls....
7ifl
Houston
7ifl
71a
7«^
7ifl
7^
738
7%
7ifl
7H
734
7-88
8
7
Little Rock..
The
758
25
7
7\
7U-,e
7^
7\
7B8
7^
8
800
800
7'8
71116
7'8
71I16
778
71I16
7%
7^
7i3ie
75i
738
8
71316
73i
788
8
7%
7%
7%
8-20
8-20
8-12
8-40
8-45
8
7'^8
8
8-15
8-12
8-45
7^8
71I16
7iiia
7\
7%
71 '16
7-1%
713i6
738
812
8-45
7'8
71I16
758
7^
7I8
758
738
7%
7i3ia
738
closing quotations to-day (Friday) at other important
Southern markets were as follows.
7%
Louisville.....
.
7i5ie
788
New
Sat'day,
Monday, Tuesday, Wed'day, Thursd'y Fndav,
Mch. 11,
Mch. 13.
Mch. 14,
Mch.
16.
Mch. 16. Mch. 17.
Mabch—
Range
..
Closmg..
7-37--39
7-36--38
7-32--43
7'41--43
7'46--65
7-65--66
7-62--72
7-56--57
7-48 -53
7-48--49
7-48-'58
7-51--53
7-37--42
7-39--40
7-34--46
7-45--46
7-47--69
7-68--69
7-60-83 7-47--63
7-60--61
7-52--53
7-.^l-65
7-56 -57
7-40--46
7-43--44
7-39--49
7-48--49
7-51--72
7-71--72
7-63--85
7'63--64
7-51-'67
7-56--57
Mat-
Range..
Closing..
JlTLT—
Range..
Closiag..
AUGUbX—
Range
..
Closing.
OCTOB'K
Ban^e
—
—
7-45--46
7-46
7-60--52
7-57--74
7-73--75
7-52--55
7-51--53
7-.n--57
7-56-'58
761--79
Steady.
Steady.
Steady.
Steady.
_
_
_
— —
_
_
7-55--69
759-60
—
_
—
7-65--67
7-59--61
7-62-63
7-70 --84
7-69--70
7-60--69
7-64-65
7-65-'74
7-67--68
.
Closmg..
7-79--80
lOHB—
Spot
Options.
Finn.
Steady.
Firm.
Easy.
Weather Reports by Telegraph
to us this eveniDg
make
rapid progress with farm work.
Free sales of cotton causes Increased
movement. We have had rain on two days ot the week, the
rainfall being forty-seven hundredths of an inch.
The thermometer has averaged 56, ranging from 47 to 71.
Selma, Alubama.-^Farm work is making good progress,
though much behind. We have had no rain doring the week.
The thermometer has ranged from 45 to 70, averaging 60.
Madison, Florida. —R&in has fallen on three days during
the week, the precipitation reaching two inches and fifty hundredths. Average thermometer 58, highest 71, lowest 45.
Savannah, Oeorgia.—We have had rain during the week
to the extent of three inches and forty-nine hundredths, on
six days. The thermometer has averaged 55, ranging from
Fertilizer sales large.
46 to 75.
Natchez. ....
7ifl
7^2
Raleigh
Columbus, Ga.
Montgomery..
..
7iiia
Columbus, Miss 7
Nashville .—„.
7^ Shreveport..
Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Atlanta
Mobile, /liabama.— Favorable weather in the interior has
enabled farmers to
Easier.
B'rly sfy
Steady.
Smyrna, Georgia.— We have bad rain on two days of the
week, the precipitation being thirty-two hundredths of an
inch. The thermometer has ranged from 35 ti 68, averaging
52,
—
Augusta. Georgia. Advanced prices have released some
cotton.
We have had rain on four days the past week,
the rainfall being one inch and eighteen hundredths. The'
thermometer has averaged 53, the highest being 68 and the
lowest 44,
Greenwood, South Carolina.— The week's rainfall has been
one inch and five hnndredths, on three days. The thermometer has averaged 51, the highest being 59 and the lowest 44.
Charleston, South Caroli'ia. -R&in has fallen on six days
of the week, the raiiifall being two inches and forty-nine
hundredths. Average thermomefcar 54, highest 70, lowest 44.
6tateburg, South Carolina.— R9.\n has fallen on four days
of the week, the precipitation reaching two inches and five
hundredths. The rains were mostly gontle and very beneficial.
Average thermometer 5r6, highest 70, lowest 39,
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M.
March
17, 1905,
and March
18, 1904.
Quiet.
Mch. 17,
—Telegraphic reports
irom the douth denote
that, as a rule^ the
.=Above zero ol gauge.
Memphis
Above zero of gauge.
Nashville
.....Above zero of gauge.
Shreveport,.., .......Above zero of gauge.
Vloksburg
Above zero ol gauge.
JTew Orleans...
'05.
Mch. 18,
'04.
Feet.
Feet.
11-8
27-5
7-4
25-6
been favoraDle durlpg the week. Over much of
14-6
226
the area other than Atlantic eections dry weather has pre14-3
10
vailed, and where rain has fallen the precipitation has been
33-5
26-3
light or moderate in the main. Temperature has been
India Cotton Movement from all Ports.— The receipts
seasonable. Good progress is being made with farm work
quite generally, but operations are not as well advanced as of cotton at Bombay and the shipments from all India ports
for the week ending Mch. 18 and for the season from Sept. 1
in an average year.
8an Antonio, Texas.— We have had showers on three days to Mch. 16 for three years have been as follows.
during the week, the rainfall being sixty-tbree hundredths of
1902-03.
1903-04.
1904-05.
an icch. The thermometer has averaged 63, ranging from
Seeeipts at—
Since
Since
Since
48 to 76.
Week.
Week.
Week.
Sept. 1.
Sept. 1.
Sept. 1.
Taylor, Texas.— There has been rain on two days during
the week, the rainfall being sixty-three hundredths of an Bombay. .... 105,000 1,483,000 71,000 1,224,000 82,000 1,487,000
inch. Thermometer has ranged from 42 to 76, averaging 57.
Si7ice September 1.
For the Week.
Palestine, Texas.— B, un baa fallen on two days during the
JBxports
week, the precipitation reaching fourteen hundredths of au
ContiGreat
Great
Contifrom—
Total.
Total.
Britain.
nent.
nent.
inch. Average thermometer 58, highest 74, lowest 38.
Britain,
Fort Worth, Texas
We have had rain on one day of the Bombay—
week, the rainfall being fifty-two hundredths of a,n inch.
1904-05..
162,000
174,000
5,000
5,000
12,000
The thermometer has averaged 55, the highest; being 74 and
1903-04..
6,000 41,000 47,000
476,000
43,000
519,000
1902-03..
3,000 20,000 23,000
387,0j0
414,000
27,000
the lowest 36,
Oalveaton, '/'eajcw.— Preparations for planting were delayed Oaloutta
14,000
1904-05..
1,000
15,000
3,000
3,000
by the recent ralna, but there is still time enough for aa
1903-04..
3,000
10,000
13,000
190203..
3",oo6
3,000
17,000
20,000
average season. The week's rainfall has been ten huadredths
3,006
of an inch, on one day. The thermometer has averaged 58, Madras
12,000
14,000
190405..
2,000
the highest being 64 and the lowest 52,
1903-04..
25,000
33,000
8,000
Corpus Christi, Texas,— R&ln h&a fallen on th?«e days ol'
1902-03..
8,000
11,000
3,000
the week, to an inappreciable ext,tnt. The thermometer has All others—
1904-06..
64,000
6,<!00
58,000
2,000
2,000
averaged 63, ranging from 54 to 72.
4,000
64,000
190304..
60,000
9,000
9,000
Abilene, Texas. The week'e rainfall lias been seventy1902-03..
23,000
50,000
1,000
37,000
1,000
three hundredths of an ir.ch, on three days. The thermomeTotal all—
ter has ranged from 40 to 74, averaging 57.
1904-05
10.000 10,000
21,000
246,000
267,000
New Orleans, Louiaiana.— There has bten rain on one day
629,000
1903-04
6,000 50,000
58,000
571,000
66,000
46,000
449.000
495.000
1902-03..
3,000 24,000 27,000
durlDg the week, the precipitation being twenty-six hundredths of an inch. Average thermometer 59.
Alexandria Receipts and Shipments of Cotton.-Shreveport, Louisiana.— The week's rainfall has been Through arrangements we made with Messrs. Ohoremi,
seven huadredths of an inch, on two days. The thermomBter Benachi & Co., of Alexandria, we now receive a weekly
has averaged 56, the highest being 70 and the lowest 42.
cable of the movements of cotton at Alexandria. Egypt.
Vickfburg, MiHsismppi.— Plowing ia progressing. Weather
The following are the receipts and shipments for the past
has been dry &11 the week. Average thermometer 59, high- week and for the corresponding week of the previous
est 72, lowest 44.
two vears.
Little Rock, .<4rfca««a8.— Planting will be very late in this
Alexandria, Sgypt,
section thin yuar. We have had no rain the past week. The
1902-03.
1903-04.
1904-05.
March 15.
thermometer has averaged 54, the higtiesfc being 71 and the
loweHt41,
Receipts (oautars*) —
35,000
95,000
.„.
Not
This week
Helena, Arkansas,— Dry all the week splendid for farm5.616.437
6,134.352
received.
Since Sept. 1
ers.
Picking and plowing have progressed well. There are
Since
This
Si7ice
This
This
Since
no indications of reduced aoreago. The thermometer has
Exports (bates)—
week. Sept. 1. week. Sept. 1. week. Sept. 1.
averaged 59 3, ranging from 43 to 71.
Memphis, Tenneasee. With dry and favorable woather for
3,500 177,919
3,872 172,822
.,
To Liverpool
6,f00 111,581
121,891
work, plowing is active aud the remnant of cotton in tee
To ManoneHter
.''>,000
Notre oelved.
240,877 9',459 234,700
To Continent
fields is being g.>iihered.
Tue thermometer has ranged from
1,844 70.185
1,500 42,107
To America..........
37'2 to 7()-8. averaging 53 2,
Nashvilie, Tennessee.— Toera has been no rain during the
15,500 572,484 15.176 599,598
Total exports
week. Avtrage thermometer 54, highest 70, lowest 37.
* A oantar la 98 lbs.
weather
ha^?
—
-
-
—
.
.
—
—
MAR.
THE CHRONICLE.
18, 1905. J
Market.— Our
Manchester
by cable
report received
to-night from Manchester states that the market is quiet for
both yarns and shirtings. The demand for both home tr;ide
and foreign markets is good. We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison.
1904.
1905.
314 lbs. 8nirt- Oott'n
32» Oop. ings,
Tunst.
" 17
« 24
7ifl
7H
Moli.3 714
" 10 738
d.
B.
®8
10
3
3
-as
-asie 3
»8i« 3
11
d.
a.
®6
9
9
-ae
32s Oop.
Twist.
lipids
to finest.
d.
d.
Fb.lO 7
common Mid.
11Jfl?6 10
11ifl?6 10
d.
d.
d.
8.
409 10 ®105^
4-23 10^6®
417
410
10iaa>
&\tlb8. Shirt- Oott'n
ings, common Mid.
to finest.
TJpldt
6
d.
lifl
10% 6
10% 6 4i2®9 Ha
4i9'a)9
31 11
6 9
4-19 lli8a»lli« S 9
10
4-81
111114
1078
©eilifl
6 8
®8l4 4
a>838 4
d.
8.
4>fl®9
10(58
©9
'a>9
^<»6
112
6
9
d.
7-56
7-28
7-62
8-32
8-78
6*24
®9 7»fl
1
7^
European Cotton consumption to March l.—By cable
to-day we have Mr. Ellison's cotton figures brought down to
Msrch 1, We give also revised totals for last year that
" 17
comparison may be made. The spinners' takings in actual
bales and pounds have been as follows
Oct. 1 to
Mch.
Great Britain
1.
Ooniinent.
foit&L
For 1904-05.
T»k1ng8 by aplimers... bales
Average weight of balee.lba
Tatrinirft In potiti'^8. .,„„,„..,„,
1,712.000
2,534,000
4,236,000
504-5
514
498
879,968,000 1,256,952,000 2.136,920,000
For 1903-04.
Takings by spinners... bales
Average weight of bales.lbB
Takings In ponnds
1,482,000
2,654,000
4,146,004'
492-3
507
484
7"^ 6.444,000 1.284,536,000 2.040,980.000
weight of the deliveries
Great Britain in 514 pounds per bale this eeasou, against
507 pounds during the same time last season. The Continental
deliveries average 498 pounds, against 484 pounds last year,
and for the whole of Europe the deliverieo average 504*5
pounds per bale, against 492 '3 pounds last season.
Our
diapatch also gives the full movement for this yea? and Jfe&t
7esr isi bftJoG of 500 pounds.
Accordir?.g to the above, the aveirage
in
Oct. 1
/(,
Mch.
Bales of 500
1904-05.
1
each
OOOt omitted.
.
SplnnerB' stock Oct.
Takings
to
1903-04,
lbs.
March
I...
flrco-.f
Gotiii-
Britain
nenl
87,
1,760,
315
2,514,
Oonti
Fatal.
~
372^
4.274.
BHkiir
40
1.513,
Toiu.
neni.
446
1129
Total bales.
To Havr^, per steamer Lovstakken, 101 upland and 130
,
1,817,
Ooii»Timpt'n,21 weeks 1,418,
Spinners' stock Moh.l
399
Weekly Oonswmpti-:in
OOOs omitted.
In October.. „.
In November
In December
In January
In February
....
66,
86,
66,
70.
—Steamer
Steamer Proteo. 1,900
70.
.
The foregoing shows
1,653,
1,227,
8,015
4,568
2,079,
3,306,
729,
1^28,
326.
936
60,
63,
63,
60,
55,
!
303
fredlan,
To Genoa March 10-8teamer Romanic. 1,682
BALTTMOJiB— To Lwerpool— Mareh 10 8tr. Rowanmore, 3,208
To Bremen March 14 -Steamer Koln, f>8
PiHrcAnvrtjpRiA -To Llverpyol— March i — Str. Frlesland, 313.
To Manchester— March 9— Steamer Manchester Commerce,
917 upland and aoo Sea Island...
To Rotterdam— March 11- Steamer Canadia, 1,021
To Antwerp— March 10— Steamer Oxonian. 30O
Sbattt.b To Japan-March 9— Steamer lyo Maru, 5,378....
March 15 Steamer Tydeus, 3.965
To China -March 15-8teamer Tydeus, 150
rACOMA— To Japan— March 15— Steamer Lyra, 2,005
is
149,
162,
163,
159,
154,
now
bales of 500 pounds each, against 154,000 bak'S of
like weights at the corresponding time iasG year.
The total
spinners' stocks in Q-reat Britain a,nd on the Continent have
170,001)
increased 159, OGO bales during the month and are
134,000 bales less than at the same date last season.
now
Exports op Yarn prom India to China.— We give below
a statement of the shipments of yarn from India to China
during the calendar years 1881 to 190i, inclusive:
JAKtJAKT 1 TO DECEMBEE 31.
To China (bales
To Ohina (bales
400 lbs. each).
1881
400 lbs. each.)
;^17,900
1893
1882...,.
1894
369.089
1883
40-!,075
1895
509,89'i
1884
1896
1885
427,520
1897
1886
490,123
1898
1887
20f>,»58 1899
687,6"«4
1888
2-34,071 1900
253,604
1889
254,697 1901
593,314
1890
32^,060 1902
595,979
1891
650,464
365,038 1903
1892
485,301
385,771 1904
From the above it will be seen that the shipments to China
during the year 1904 were smaller than In any year since
190O, showing a considerable decrease from 1908.
61,783
81,434
94,982
127,318
154,517
199,407
New England
4,347
1,682
3,206
58
313
•
Total
New York
1,117
1,021
80O
9,343
150
2,005
163,000
,
„
the past week have been
as follows.
Wedncs. Th%irs.
8atur.
Ifon.
Sues
14
16
20
20
25
12
14
15
20
30
25
12
14
15
20
SO
25
12
Antw'p.c.
ISJfl
181s
ISifl
eieifAl, tndlrect.-fi.
29OS0
29330
29O30
29^30
1,262
99,
99,
99,
99,
99,
that the weekly consumption
5,108
249
To Mexico -March 11— Steamer Nor, 249
3ALVE8TON~To Liverpool— Mch, 11 -Steamer Boniface, 7,390. 7,890
To Manchester March 15— Str. Maria deLarrlnaga, 11,305 11,305
2,924
To Hamburg March 10— Steamer lochmarlo, 2,924
To Mexico-March H-SteamerflDagtln. SCO; Progryso,986 1,286
.S,082
-March
Steamer
Marte,
6—
5,08:&
Mobile—To Bremen
Pensaoola— To Havre- March 11— Steamer Teiepf oia. 2,500.. 2,500
March
Steamer
Fert,
11—
3,145....
SAVANNAH-To Bremen
11,072
Mrtrch 13-8teamer Pontlao, 7,9i7
-March
Steamer
Ptrt,
725
10—
725
To HambQTg
Fert,
Marchll
Steamer
2,730
2,780
ToReval—
300
To Rlsa-March 1 1— Steamer Fert, 30O
300
To Gottenb'irg— March 11 -Steamer Fert, 300
100
fStosFOLK—To Hamburg— March 13— Steamer Lenctra, ICO....
SOBTON-To Liverpool— March 9— Steamer Devonian, 103
March 13March 11 -Steamer Sagamore, 2,273
March 14— Steamer WlnlSteamer Saxonla, 1,668
4,082
4,646,
3,518,
166,
166,
166,
170,
170,
6,065
Gr-idao, 2,95<)...-..
To Trieste— March 11 Steamers Dubac, 1,50R; Teresa,
March 16—
March 15—Steamer Gradao, 1,3&0
850
486,
2,569,
2,829,
2,100,
100,
100,
100,
100,
100,
Zeeland,
600
580
To Genoa, per steamers Koenlgen Lalse, 3.339
Nord
America, 200...
3,539
To Naples, per steamer Koenigen Lulse, 401....Kapolltan
Prince, 200
601
100
To Trieste, per steamer Qerty, 100
To Venice, per steamer Gerry, 200
200
1,000
To Japan, per fteamer Indrawadl. 1,000.,..
To China, i&er steamer Verona, 3^0
350
Hew Oblbans To Liverpool— March 10— 8tr. Civilian, 16,000
March 17- Steamer Chancellor, 9,000
25,000
To Belfast -March 15—Steamer Inlshowen Head, 1,195
1,195
March 15
To Havre March 5 3— Steamer Indian, 10,000
- Steamers Milwaukee. 4,447; Sardinia. 4,088
18,535
10,799
To Bremen— March 15— Steamer Milwaukee, 10,799
To Hamburg— March 15— Steamer Sardinia, 770
770
493
To Rotterdam— March 14— Steamer Llanishen. 493.
300
To Antwerp March 15 Steamer Sardinia, 300
To Malaga March 11— Steamer Teresa, 1.087
1,087
March
To Genoa-March 16— Steamer Mongibello, 9,314
9,414
17—Steamer Proteo. 100
11Steamer Teresa, 3,115
March 15
To Venice-March
Cotton freights at
Supply.
231
250
Sea Island
To Bremen, per steamer Brandenburg, 250
To Antwerp, per steamers British Empire, 20
tilvatpool,,
c.
iSlanoheeter
<j
Kavre
Bremen. ...
e.
...... c.
'Iamburg,asked.c.
k3itwerp.........c.
-Xteent, V.
a©VBl,vlaOftnal.c
8aro»!on«. Aprll.s.
Fri,
14
14
15
15
20
SO
25
12
20
20
25
12
14
15
20
20
25
12
181a
181a
ISifl
29®30 29 930 29930 29®30
29O30 29^30 29930 29«30
20
S2Jfl
221s
22I9
221a
221a
March... f.
15
rrlest*..... ......c.
23
35
15
23
40
15
23
15
23
15
23
40
40
40
15
23
40
:^enoi»,
i»Dan(vla
Hnez).e,,
pe? 100
<,juotatlonB aro oentB
lbs.
LivBBPOOL.— By cable from Liverpool we have the following
statement of the week's sales, atoeks, &c., at thai port.
72 000
the week...,...balen.
^ftlea of
Of^hloh exporters took.
1,000
2,000
.
Of which speoQlatore took
63 000
25,000
ialae American..
expert
A-otnal
forwarded
Total stock- Estimated.......
Of which American—Est'd
*92 6.006
80 000
898 000
*863,418
82t> 0<J0
78 000
65.000
159 000
120,000
57,C00
38,000
182 000
142.000
Of which American
afloat
Of which American
*
68,000
4,000
7,000
66,000
6000
94000
Total Import of the week....
imoant
Meh. 10.
Mch. 3
Feb. 24
61.000
2.000
1,000
48,000
7,000
60.000
871,000
801.000
41,000
36,000
181,000
141,000
Mch. 17
65,000
s'.ooo
61.000
12,000
73,000
854,000
777,000
68.000
47,000
191,000
153,000
Actual.
The tone of the Liverpool market for spots and fut"nre8
aach day of the week ending March 17 and the daily olosirg
prices of spot cotton, have been as follows.
Cotton Mill SitcatioNc— S^rifce o^Weav-
cr«.— DniiDg the cnrrent week the weavers in Stafford Mills
Nos. 1 and 2 went out on strike in const qnence of distatisfac
tion over the rate paid per cut for weaving regular print
cloths. It is stated that an attempt will be made within a
few days to settle the trouble to the eatiefaotiou of the oper
atives.
—
Shippino News. As shown on a previono page, the
exports of cotton from tne United States the past week have
reached 163,000 bale.s. The shipments In detail, as made up
from mail <ind telegraphic returns, are as follows:
_
„
Haw YOKK-To
Total bales.
Liverpool, per steamer Oevlo, 6,637 upland
and 325 8ea Island
..
....
To Manchfster. per steamer Amphitrite," '1,328 upland and
118 Sealslacd
„
6,362
I,i46
Sat'day.
spot.
Market,
3:30 p. H.
Monday. Tuesday. Wed'day. Thursd'y Friday,
Fair
baslness
dOlDR.
Fair
bnslnesa
dolns.
Good
demand.
Fair
business
\
(
Qnlet.
Mid. Upl'dB.
4-21
4 24
427
439
434
4 31
7,000
1,000
10.000
10.000
1,000
12,000
1,000
12 000
10.000
1,000
Klrm at
Qnlet at Steady at
1
Sales
^peo.
&,
exp.
1,000
Easier.
dolnR.
1,000
Futures.
Market
opened.
Market,
4 P. M.
\
Oniet,
nnch. to
\
1 pt.
dec.
Qnletat Steady
at
1 pt.
3 pts.
7 pts.
AdTanoe
advance
advance.
steady at Bleidy at Very gt'dy steady
l
5
3^4
pts.
advance.
pt. de. to
1 pt. adv.
1
7«U
pti.
9® 11
at
pts.
advance. advance.
6 pts.
decline.
Steady
at
7ptf.
decline.
2 pts.
decline.
Steady,
nnch. to
1 pt.
dec.
THE CHRONICLE.
1130
The
prices of futures at Liverpool for each day are given
Prices are on the baais of Uplands, Good Ordinary
clause, unless otherwise stated,
The prices are given in pence and 100th, Thui: 402 meant
4 02 lOOd.
below.
market has been mcderately active at steady
To-day the market was quiet but steady.
DAILT CLOSING PKI0E8 OF OATS IN NfilT YORK.
cally the spot
prices.
QP
Sat.
nion.
Mch. 11. Mch 13
Tues.
Mch 14
Thnrs.
TTed.
Mch. 15. Mch. 16
12Ja
1 12^1 4 12^9 4 121* 4 1214 4 12i« 4
f. M, P.M. P.M. P.H.iP.H. P.M P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
I
v
Moh.-AprU.
I
April M;i.y
4 O'S 4
May-June... i 06 4
t 03 4
June- July.
July-Anjr. , i0i^4
Aug. -Sept , 4 11 4
4 IS <i
8ept.-Oot..
Oot.-Nov... 4 114
NoT.-Deo. .. 113 4
4 14 4
Dee.-Jan
4 15 4
Jan. Feb
d.
d.
d.
d.
064 08
02 4 064 08
4 23 4 25
02 4
March
23
4 24
4 26
4 28
1 28
t
08 4 10
10 4 12
12 4 14
12 i 14
134 1^
lfi4ie
154 16
4 25
4 ae
4 28
4 30
4 30
29,4
30'4
30 4
4 31,4
4 32|4
4 33 4
»
4
4
16417
17 4 18
18 4 19
3l!4 24
32'4 2fi
32 4 25
33|4 26
33 4 26
3414 27
4 18 4
4 18 4
4 IS 4
4 21 4
4 23 4
4 23 4
4 24 4
4 25 4
4 2'> 4
4 26 4
4 26 4
4 27 4
d.
d
15 4 17
15 4 17
16 4 18
18 4 20
20l4 22
20 4. 22
2l[4 23
22 4 25
23 4 25
24 4 26
25,4 28
26 4 27
Jute Butts. Bagging Etc. —The market for jute bagging
has continued quiet during the past wsek, at unchaEged
prices, viz.: e^s-"- 'fo'^ 1/i ^^'S. and 6^^c. for 2 lbs., standard
grades, Jute ontts also quiet at 1)4®^%"' ^or paper quality
and 2@2}4c, for bagging quality.
BREADSTUFFS.
Friday, March 17, 1905,
Business in the local market for wheat fl)ur has coBtinuei
to drag. Both jobbers and bakers have shown ocly 'ndifferent^^
interesr as buyer?, they baifg as a rule well suDpHi^d for the
present and have been biddiag off in prices. Rtfl oting the
steadiness shown by the wheat market, mills have not been
willing to make further ccncessioiis in prices to effect sales
and the undertone of the market has held steady. The export businfss has been qpiet. Rye fl ur has had a moderate
Offerings of buckwheat flour have
sale at steady prices.
increased slightly, but prices have held steady. Corn meal has
been firm.
Speculation in wheat for future delivery has been fairly
Daring the first half of the week the tsndency of
active.
prices was towards a higher basis. Talk was heard in the
trade to th'? tffect tbat a deal in May is still coatemp'.ated,
and thiit a eqaeeza of shorts in this delivery may be expected.
Reports of cold weather in many sections of the Middle and
Northwestern States, being unfavorable for crop dehad a
velopments,
also
steadying
iiflaence
upon
During the second half of the
new-crop deliveries.
week there was a reactionary tendency to prices, The
weather reports from the interior, particularly the Soufhwest,
were encouraging, being favorable for the winter-wheat crop.
Reports of an increasing export movement of Argentine
wheat also operated against the market, prompting some
bear pressure. Tbe oflBoial crop report from ladia says that
wheat sowings were eqial to last year, but in the Punj tb
damaee of 12 per cent is reported and In the United Provinces 2") to 75 per cent. In the latter 70 per cent more was
sown; other provinces normal. Crop news from Earope has
been quite generally satisfactory, tha present outlook being
for good crops. To-dav there was a firmer but quiet tone.
The spot market was firmer.
»An.T OLOSINO PRICES OP WHEAT FUTUBBB OJ
YORK.
NEW
Sat
No.2redwlntflr,
r.o. b...
May
delivery In elev
doll v«ry In elev
Sept. dellv. In elpv
July
117B8
lllSg
oeug
891*
Mori.
ll^iVi
1'1\
»738
Tuet.
II8I4
11214
97»«
OOig
83%
DAILT OLOBINO PBI0B8 OF WHEAT PUTUBES
Sat
May dellv. In elev
Ill's
July dell V. in HK-v
9138
Sept. delivery in elev.... 8538
Wed.
118i«
I'hurt.
117''8
llVi«
9«s^
8938
Ill's
9638
89i8
m
90
€IIIOAQO.
Mon.
113
93
113i8
86%
93H
Wed.
113
91'8
8b'8
86
Tues.
Fri
1183e
11236
9714
Tliurt.
113i6
91%
SS'e
114%
9258
8aP8
Nom.
Wed.
Tuet.
Nom. Nom.
38 ^s
3812
Thurs.
Fri.
Nom. Nom.
33i«
38ifl
Nom.
38ifl
S8i«
DAILT CL08IN0 PBIOES OF NO. 2 MIXED OATS IN CHICAGO.
8at.
Mon.
Tius.
Wed
Thurt. Fri.
May
delivery In elev
31
Sept. delivery In elev
2933
31%
314
29%
S2i8
3188
2978
S2ie
3188
2978
Si's
SlSg
2978
31»b
July delivery In elev
Si's
Sl^
2978
Following are the closing quotations:
FLOUa.
Nominal.
Patent, winter
$6 68 -315 80
.$3 65 -313 70
Olty mlllB, patent. 6 20 ®6 70
3 75 -813 85
Rye flour, superfine 4 35 -94 95
3 86 ®3 90
Buckwheat flour.. 2 00 ®2 25
Uleare.....
4 15 ®4 30
Oorn mealStraights
5 20 ®5 35
Western, etc.... . 2 80 OS 00
Patent, spring
8 75 -©6 75
Brandywine
3 00 813 10
OBAIK.
Wheat, per bnan—
6.
o.
Oorn, per bueh—
0.
0.
N.DuL.No.l
I.o.b.l22«8
Western mixed..... 52 «59%
N. Dul., No. 2
f.o.b.lie'e
No. 2 mixed
f. o. b.59%
Red winter, No. 2.. f.o.b.ll838
No. 2 yellow
f. o.b.Nom
Hard winter, No. 2. fo.b.Nom.
No. 2 white
f. o.b.Nom
Oats— Mixed, p. bUBh. 3 7 1« ® 3 8 ifl Rye, per bush—
38i«®41
White
Western..
85 -»89
No. 2 mixed
Nominal.
State and Jersey.... Nominal
No. 2 white......
Nominal.
Barley— West
52 ®63
Feeding
44 -©45
*lae
,^„
Superfine
Extra, No. 2
Extra, No. 1
Ezporta o? ^rain and Fioar from I'acific Ports.~The
exports of grain and flour from Pacific ports for the week
ending Mch. 16, as received by telegraph, have been as follows:
From San Francisco to various South Pacific ports, 11,539
bbls. flour, 600 bushels wheat, IS,'^'} bushels barley, 7,000
bushels corn and 100 bushels oats; from Seattle to Soath
Pacific p rts, 3,000 bbls, flour.
Combining these figures with those for previous weeks, we
tiave the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903-04.
Export*
Flour,
Wheat,
Oorn,
Oatt,
Barley,
Rye,
from—
t)blt
bush.
buth.
buth
bush.
buth.
Jan Fran. 526,776 1,616,591 119.073 148,238 3,103,782
854
PugetS'd. 975,634 1,387,875 26,470
42>^,225
151.952
412
Portland.. 508,652 1,483,760
155,63
627,035
•(
Total... 2,0 11. 092
fot. '03-4.2,840,331
4,488,226 146.743
5,435,467 36,365
455,828
375,379
The aggregate exports from the Uoiced
and wheat
from July
flour,
1 to
4,156,012
8.636,280
1.263
1.422
of
wh-at
S!;af^e.=i
expressed in bash'^ls, for the eight months
February, inclusive, have been as folio ;vs
for four years.
WHEAT EXPORTS FROM J0LT
Total bushels
TO FEBEUART.
1
1903-04
40,713,275
5J,184,913
1904-05.
Wheat, bushels
4,196,022
Flour, reduc. to bU8h.2b, 155,6 16
30,351,638
1902-03.
1901-02.
88,664,735 117,511,121
59,207,922 55,700,473
99,898,188 147,872,657 173.211,594
tuoveicaent of breeidatuff,^ !io market as indicated in the
jtjitements below is prepared by us from figures collected
by the New York Produce Exchange.
The receipts at
Western lake and river ports for the week ending March 11
and since Aug. 1, for each of the last three years have been:
The
Htctiptt
WMai.
at—
Com,
Barl»i.
Oati.
Rvt.
nwh.eGihs BMth.50lbB Bue7>.32lb> Bvih.1.3 Iba .nu.6o Hi.
188.366
2D.3C0
ChloaKO
&Iilwaakee
Dnlnth
UinneapolU
280,000
107.380
71.098
3,485.800
42.760
I,5l7,)e80
103.790
221,000
873.121
233,750
181,477
256,009
70.0SI
Tolodo
Cleveland
9,':83
18,124
...
817,600
11,800
8-2,600
liOuU...,
Peoria
Sanaaa Cltr
a7,2e0
Tot.wk. 1906
2.'?«,325
2,72i5.453
470,319
801,451
24.903
lame wk. '04
747,438
294,500
4,037
244,560
l.COO
1.897.730
249,600
87,999
11,000
5,600
Detroit
3t.
iri.
Mon.
Sat.
So. 2 mixed in elev
No. 2 white oUpped f.o.b.
Frl.
Mch. 17
ITOL. LX.XX
149,100
23.2->,)
271
17.580
1.800
1,804
40,18
441,150
270.000
14.000
66, 26
8.018
65,800
4,300
844.7 JO
301,000
105, SOO
5,143.767
3.023.367
8.7;8.78t
1,414,663
69.619
3.738,028
3.738,116
1.447,718
2,69 <,25
3,9a6,5u2
S.lilbii
85a,'380
168,872
160,902
ludian corn futures have received a fair amount of specuand prices have advanced. The advices received from the primary markets have shown decreasing s cocks
sbipmeuts lunnlng in excess of receipte. Decreasing supplies
afljat for Europe also were reported, with America the principal source of supply, as new Argentine corn will not be
available for about three months. Country acceptances were
reported hs pmall, although during the latter part of the
week, evidently as a result of the higher prices, offwrings
were reported as increasing. Business in the spot market
has been quiet, exp:)rter8 holding off as buyers at the higher
prices asked. To day there was a quiet market. The spot
Total receipts of fl.)ur and grain at the seaboard port s for
the week ended March 11, 1905, follow:
market was unchanged.
Richmond
Newport Newi,
lative attention
DAII.T OLO8IMO PRIOEB
OF NO. 2 MIXED OOKM IM
Bat.
Caahcoml.
May
0.
b
69%
Mon
69%
Tuet.
60k
55%
NEW YORK.
Wed.
60>4
5538
Thurt.
89%
Frt
59%
84''8
delivery In elev
fi4»4
6ft
55
86I4
July dellv. In elev
64»4
66««
56ifl
54%
54''e
DAILT OLOBINO PEI0E8 OF NO. 2 MIXED OOEN IN CIII€AOO.
Sat.
Mon
Fri
Tuet.
Wed. Thurt.
49i8
May delivery In elev
49
4938
48
49%
494
49ifl
4fl7g
491^
4918
July delivery 111 elev
499g
48%
494
493a
Oats for future delivery at the Western market have b^en
quiet.
The Bureau report, showing reserve stocks in farna
ere' bands of 195,000,C0J bushels, prompted selllDg, uuier
which prices yielded slightly; then came a fractional advanca
in sympnthy with the stronger turn to values for corn.
Lo-
Sept. delivery In elev....
4^38
49»4
49^8
4938
Same wk. 'OS
•Mnet Auo. 1
(904-6
?
11,866 546 185,705 6.13 123,460,518 110,407,046 5S.159 777 5.69S,0(?0
I8.3t-6.871 181 163,6(3
1903-4
1902-3
n7
8S2,671 114.167,70^
18.309,208 20H,3I 1.6^8 103.144 671 129.40P,7l-:
fitur
Receipts
New York
dt—
i'^V.SSrt
379,8art
8a,287
60,178
27,794
11,200
18,«58
31,000
21,ki93
l,SHt1
1,726
..
42,4m
.
49,27
,.
8,-;bo
1«,*-0(I
H.lrO
40,0S4
679
'68.490
26,425
Total week
1904....
S12,3S>2
10fl,l60
405.780
45^107
To'"al receipts at ports
follows for four years:
lUceiptl
'i»>5C
••-IS 4
11997
irionr
175.2J0
10.7 1>5
Orleans....
Week
uatt,
478,500
73,^05
13J,3»7
Montreal
..
Mobile
St. John, N. B..
New
0**9.
801,950
227.228
VSiJi
.
...
Boston.
Portland, Me
Philadelphia.
Baltimore ...
5t.0J5.438 6,139,508
45.747 71'! 7.022 150
of—
Wheat
Oata
Barler
from Jan.
1
to
62,0v10
28 677
3.388
6,250
807,881
190,253
fi.bii
HSrf.O.SS
March
11
8,577
5,448
compare as
1901,
IPOS
3,88i,):03
4,224,819
1908.
4.086.462
,l)ttBh.
8,308.301
11.834. 47H
lfl,440.205
14.146,3>^2
"
83.76it.H10
lrt.8lH.t;!i9
"
6,292.780
82,608.814
9.80B.OH6
4.8&2 243
7.616,217
1.265,790
104,189
7,010.212
«77,83J
256,112
45,197,627
38 395,268
,
1,-»47,491
Hye
Total araln
.1,418.0flJ
a.iJ7l'.»77
6,877
1005.
2,013.031
bblB.
«.
Com
89,484
808.671
1,198.000
7,609
13,639
48,618
1,900
"
1,267.18,S
D0J,777
60^616,739
);6J,839
18143
500
Mar.
THE CHEONICLE.
18, 1905. J
1131
several seaboard ports for the week
are shown in the annexed statement:
Flour,
Oats.
Mw4, Barley, Pie',
irntiH.
bush.
iti»;^.
bbU.
hu»%
Stocks are still small, making dwliveries on time difficult and
this has induced certain manufactures to divert their machinery to thia class of goods. Light-weight goods have been
Exports from— bushin fair demand and are firmly held. A few sales of 4 -yard
110.953
44.310
17,115
3,610
70,823
500.077
New Y. rk
93
1.838
sheetings to China have been reported and there are further
Portland, Me
90,556
277.C8T
3,587
84,000
Boston
inquiries in the market, although the bulk of the buying from
18,631
265,867
Philndelphla
9,«21
160
e04,S78
this source is temporarily over.
Baltimoro
Bleashed goods have been
14,800
888.671
Newp'rt News
Itirger quantities for immediate shipment and low
ordered
in
1,014
6,853
75
300,840
Orleans
New
172.000
Galrectoa
grades have been particularly firm, owing to the scarcity of
679
5,350
-•
13.639
Mobile
supplies.
Some export businees to near-by countries has be?n
8,107
25,426
68.190
43,619
St. John, N. B.
reported during the week in low and medium grade goods.
123,649
24,189
........ 331.509
11,185
Totil week.. 169,113 2,341,971
Denims, ticks, plaids and other coarse, colored cotton goods
806
8.734
237.271
41,878
3,023
Same time '04. 163,793 1,436,903
" The destination of these exports for the week and since have been quiet and have not been moving so satisfactorily.
Prices, however, remain unchanged. Canton fl uine's and
July 1, 1904, is as below:
blankets have been in fair demand and several lines of
cotton
"0«rn,—
^-——whta,t.——^
•jfl9ur.—
r—
Wali ainsiJuii Wttit ainut July
With s<nc« Juh these have bee a well sold ahead. Kid-fiaished cambrics have
Exports for
"- " 1,1904. Mor. 11 1,1904. Mar. 11
week ana since Mar. 11
been qniet and without quotable change. P.cint3 have been
m:.^hVifh
bbls.
bbls.
bush.
to—
July
643,498 22,903,4S6
8,680.683
in better reqnest following the recent reductions in individual
United Kingdom 62,047 2,3,?8.192 150,313
13,098
962.308 l,756,7iV! 29,108,723 lines
788.624
1S.800
Continent
but these have not resulted in lower prices throughout
16.6^0
a.='«,7 16
17.106
4:6.103
3,860
S. & U.America..
778 8<!o
18,949
19.29^
the list, Fancy prints have been qaiet and without special
724.701
West Indies
138,304
f ,v;S8
7.697
72,352
Br. N. Am, Col .'s
There has been an encouiaging export demand for
53,414
663
60 685 feature.
6,»1«
234,648
...««..«
Other countries.
ginghams but the home business ia still unsatisfactory. The
123,8i9 1,534 618
189.113
9,698.6i8 3,344,974 53.232,778
""Total;..
buying of print cloths has been suffioieat to place several lines
53,5ci6,501 l,13'D,90a 46337,857
163,7tf3
Total l'c0;-04..... 237,.i71 n,'7J5,8;7
in a good condition but the demand his slackened towards
Tbe visible supply ot grain, comprising the stocks in the end of tbe week, although prices remain unchanged
lake
and
accumulation
at
points
of
granary at the principal
Woolen Goods —In some parts of the men's wear heavy
seaboard ports, March 11, 1905, was as follows:
weight
woolen and worsted fabric n:arket complaints of can^
6
fVkef.t,,
.»>>;?
In store «t—
cellations are being mors fre qneitly heard, owing to the ex37t,)«)
239,000
..,,^.
148^00
New fort
770.000
1,155,000
ceptionally heavy volume of business that was transacted
5i,C00
Do aSosii... »««
£85,000
Boiton
iai/'eo
676,000
when lines were first shown. In most cases these have taken
t,-,,,-,^
4000
PliUadelptata
^^,
88, -"jO
7,000
361.000
the form of substitutions rather than cancellations, higherBaltimore
192,000
151,000
699,000
709,000
New orieani..,^,^
650,000
grade goods being substituted for lower grade purchases. As
9aiTatton ..„,„,,^^
77.006
293,000
has already been pointed out, this is due mainly to the fact
03f
MOBtTMl
94,00<i
64.000
101,
.—.^.^
60,000
6,'1'>0
that buyers bought unduly of low-grade goods, expecting the
17,C00
l,787',nor'
676.000
1,073,000
s^saio.**. •••..••«»..< 1,854,000
higher
grades to open at prices that would be almost prohib46,000
18:a,000
Do afloat.. >»... 1,470,000
9,000
12,000
556, oun
itive.
That proved to be wrong, and when it was found that
453 000
181 00
Toledo.. o,..........«^
DO afloat... ..H.. 140.000
higher
the
grades were placed on a lower level than had been
33,00!)
'99,000
4.'00C
1,000
418.000
0«t?oU
o.
generally looked for, there was a rush to purchase them,
Do afloat
"luoo which necessitated the oanoeiing of some of
3,826'<i(io
248,000
1,477 000
0.... 1,129,000
cueseo
the orders placed
11,000
Do afloat. ..<^
"4,3
ibi.cfoc
previously. There is not likely to be any serious complain359,600
301,000
763,000
miwankee
Oo
afloat
ing, however, for it is estimated that the consumption is
1,208.000
Fort wmiam
qnite equal to the production and that few lines should there1,628,000
Port Arthur
865.000
i78,Q06
76,000
4.177.0 CO
Dnluth .........^....^.. 4,9£O,O0C
tore be neglected. Fall lines of dress goods have been opaned
Db afloat.......
more freely during the week and the prospects for a good
1,300,000
57.000
4,702,000
74,000
12,3i'3,000
leinneapoili.
14.000
95,000
3,000
h67,000
2,674,000
St.IiOllil
season continue bright. Prices are about on the level that
Oo afloat ..»«.
had been anticipated. The tendency during the week has
204,000
180,W0
l.2-:8V0O6
S&niasOlty.....
"21,066
8,00c
1,245, Ovl!
151,000
Peoria,.
been towards neat fancy effects, but the bulk of the business
61.000
103,000
189.06b
The exports from tie
endirg M&rch
11, 1905,
Wkeat,
—
•-^
I
'
,*
.^
'
I
,
'.
'
'
ladlanasoIlt.....~.>^ .
is still
0n2<U(iiii»piB!7ar
<9aLakai
r<«eaiialandrlT«7.
Total
Tocal
Total
Total
Total
Mar.
Mar.
Mar.
Mar.
Mar.
11. 1906. 35,094,000
4, 1906... S5,P65. 000
12. 1904...83,3H6.000
14, 1903,. .16.066,000
16. 1902.. .61,997.000
9.366,000
9,l«9.00u
9,867.000
10,H12,000
9,688,000
1.662,000
1,647.000
1,085.000
1,047.000
3,080,000
15,727.000
16,M73,000
10,894,000
7,317,000
3.180,000
4,166,C0-C!
4,3»a.oui)
3,780,0!.;
1687.000
1,878,000
in plain staples.
Foreign Dry Goods —Imported woolen and worsted dress
goods have opened well and agents' reports throughout the
country are of a good business paseing
Silks have been firm
and active. Ribbons have been quiet and unchanged. Linens
show continued improvement. Burlaps are firm at recent
figures.
THE DRY GOODS TRADE„
Importations and "Warelioase IX'ltli.draixrala of I>rr Goods
New York, Friday, P. M., March 17, 1905,
Tha advancing tendency of raw cotton has been reflected in
the cotton goods market during the week. While there have
been no open changes in quotations, the undertone has been
lirm throughout and sellers have secured full prices for pll
goods that have been sold. Most of the business that has been
placed has been for spot goods and buyers have not considered the situation sufficiently serious to induoa them to| speculate
in any way.
Purchases of goods for immediate delivery, however, have been on a considerably larger scale than of late, and
buyers still confess difficalty in securing the delivery of lines
that they require. Tnis has resulted inmany instances in other
lines having to be substituted for the ones that were needed.
Business in jobbing circles has again been large and the deinand from the South has shown a gratifying improvement.
With stocks all over the country still small and many mills
well sold ahead on export business the statistical situation
The export business has fallen off to very small
is strong.
proportions, but the general expectation is that with a return
of peace in the Far East there would be an immediate revival
of active buying by China. In the woolen goods division there
has been an improved business in dress goods.
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Mar. 13 were 2,798
packages, valued at $163,478, their destination being to the
points specified in the tables below
—
NlW YOBK TO AlAB.
Great Britain
Other European
China
1905.
Week.
Since Jan.
24
£0-^
34
152
9
152
32,030
3
314
?,'^30
19,726
3,273
7,836
1,787
4,233
Arabia
Africa
West Indies
Mexico
Central America
South America
Other Oountrlee
Total
Week, Since Jan,
4.261
736
34
481
78
263
1,641
268
2,798
2
1,507
5,758
362
33
206
520
3,601
12,629
3,161
^717
891
64,563
6,778
1
M
1^'.
<9.
c*.
;
Vo
1.
SE
5B,422
1
The value of these New York exports since Jan. 1 has been
18.453,385 in 1905, against $2,868,900 in 1904.
Heavy brown drills and sheeting have been in fair request
by both jabbers and converters and prices have held firm
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THE CHRONICLE.
1132
[YOL. LXXX.
StormSewerSub-Dlst. No. 23— BondsNoa.4and 5.
Storm-Sewer Sub- Dist. No. 24— Bonds Nos. e and 7.
North Denver Sanitary Sewer Dist. No. 3— Bonds Nos. 29, 30 and
South Slda Sanitary Sewer Dist. No. 3— Bond No. 7.
Capitol Hill
Capitol Hill
81.
IMPROVEMENT BONDS.
News
ItemSw
CaWfoTnin.—Legiflature Ar fourns.— The Legislature of
adjourned on March 10, 1905.
ConneiiUenl.— Proposed Additions to Savings Bank Investments, Several measures have been introduced in the Conthis State
—
necticut State Legislature making additions to the list of
permissible investments for savings banks of that State.
These bills have not as yet been printed, but we have obtained exact copies of the same, The bills are as follows:
H. B. No 503.— Savings banke may invest their deposits and surplus
in the debenture stock ol the Chicago Great Westben Railway.
H. B. No. 506.— That the Atlahtio Coast Line Railroad Co.,
LoDisviLLE & NA8HVU.LE Collateral four par cent fifty-year gold
bonds, due Oct. l, I9r>2. be and they hereby are declared legal investmente lor savings banks and trustees in the State of Conneotlcnc.
H. B. No. 508.— Savings banks may Invest their deposits and surplus
In the tlrst mortgage bonds of the Bristol & Plaikville Tramway
Company.
H. B. No. 510.—That the NORFOLK & Southern Railroad first
general mortgage five per cent gold bonds due July 1, 1954, be and
they hereby are made legal Investments for savings banks.
8. B. No. 177— Savings banks may invest their deposits and surplus
in the Atlantic Coast Line Railroad first ocusoUdated mortgage
lour per cent bonds of 1802, due July 1, 1952, and such underly
Ing bonds -which said consolidated four per cent bonds are to retire at
maturity.
No. 131.— That the bonds of the Oonnegticot Railv?^ay &
shall be a legal Investment for savings banks.
H. B. No. 505—That the provloloas of Chapter 171 of the Public
Acts of 1903 with regard to the bonds of tht> Faibhavbn & WbstviLLE Railroad Co. are hereby extended to and shall apply ro and
Include all bonds of the Consolidated Railway Co., which has
acquired all the property and franchises of the eald Fairhavbn &
WKSTVitLE Railroad Co,
Kans&i.— Legislature Adjourn8.~Th.6 Legislature of this
State adjourned at 10:30 a. m, on March 9.
8. J. R.
Lighting Co.
City, M.0,— Charter Defeated.— Th\B citsi- on March
on a proposed new city ciaarter. The new instrument
was defeated by a vote of 10,043 for to 11,089 against.
New Hampshire. Legislature Adjourns, The State Legislature of 1905 adjourned at noon, March 10.
North HnkoXa.— Legislature Adjourns.— The Legislature of
Kansag
7 voted
—
this State has Hdjourned.
Capitol Hill Improvement Dist. No. 1— Bonds Nos. 31 to 45, inclusive.
Capitol Hill Improvement Dist. No. 2— Bonds Nos. 27 to 80, inclusive.
Bast Caoitol Hill Improvement Dist. No. l-Bonds Nos. 16 and 17.
HlBh and Race Sts. Improvement Dist. No. 1— Bond No. 14.
South Broadway Improvement Dist. No. 1— Bond No. 25.
Upon request from the holders of any of the above bonds
ten days before the expiration of this call, the Treasurer will arrange for their payment at the Mercantile Trust
Co., New York City; but not otherwise.
Bond and Warrant CaU.—C 8. Elder, Treasurer of the
city and countv of Denver, calls for payment the following
bonds at the c ffiee of the Treasurer of the city and county
of Denver, or at the place designated in each of said
bonds, respectively, where payment may be made in New
York City
:
Dale of Bonds—
Jan. 1, 18C2— Public improvement, Series "A," second issue, Nos. 509 to
700, Inclusive, at $1, '00
July
1,
1891— Public improvement. Series 'B," Nos. 241 to
Nov.
1,
160,000
1863— Public improvement. Series
June
^Rhhiagton.— Legislature Adjourns.— ThQ Ninth Legislature of this State adjourned March 9, 1904.
Zaneavilie, Ohio. Proposah Desired for Gas Stock,
H. H. Kennedy, Secretary, gives notice that the trustees of
the sinking fand will receive proposala until 12 M., Mar. 28, at
the office of the Cltv Auditor, for 213 shares (par value ^'i5),
of the stock of the Ziuesville Gas Light Go, Last dividends
on the stock were at the rate of 12;^ per annum, payable
—
quarterly.
Bond CaSSs and Redemptions.
Bara8 Levee District, La.— Bo«d Redemption.— The Boaid
of Commissioners of this district has authorized the redemption cf $10,000 bonds dated Nov. 1, 1894. Denomination,
Pa— Bond Call. — J.
Craig
City Treasurer,
Jr.,
called for payment Feb, 28 at his office the following bonds
Rose Street improvement bond No. 5, issued Dec. 2, 1901.
Second, Welsh, Bevttn and East Graham Street improvement bond No. 3.
:
ISHoed Keb. 1,
Fifth Street
iv«j4.
improvement bonds Nos.
i
and
5,
issued Feb.
1,
19C4.
Coldwater Township, (jass Couaty, SHo.—Bond Call.—
Payment will be made March 16 at the Franklin Bank of St.
Louis of boLds Nos. 17 and 18 for $1,COO each.
Delaware Connty (P. 0. Media), Pa,— Bonds Redeemed.
The Connfcv Treasurer has purchased for redemption from
the West End Trusc Co. |30,0(J0 of the outstanding bonds of
this connty.
Cash in the sinking funds was used to payoff
—
these bond?,
—
Oenrer, Colo.— Bond Call. C. S. Elder, Treasurer of the
City and County of Denver, called the following bonds for
payment March
1:
sidewalk bonds.
Central Sidpwalk riist.— fJond No. 5.
Capitol Illll Sidewulk No. 1— Bonds Nos. 1, 2 and 8.
East Capli ol Hal Sidewalk No. 1— Bonds Nos. 1 and 2.
Soath Uro.'iilway Sidewalk No. 1— Bonds Nos. 8 and 4.
Sidowalk I>l9t. No. fi— BondNo. l».
Sidewalk umt. No. 9— Bond No. 7.
Hidewnik oial. No. lo- Bonds Nog. IP and 20.
Sidewalk Dist. No. lii— Bonds Nos. 1, Band «.
1«01— Elyrla Public Building, Nos. 1 to 20, inclusive, at 1500
Sept. 1, 18H1— i^iobeville wnter, Nos. 1 to afl, inclusive, at *l,0u0
If'MlHighlands sewer, second issue. Nos. 6 and 10 to 14, inclnJuly 1,
2— Bonds
Nos. 7. 8, and 10.
c;hampa St. I'tivinn Dist. No. I - Bond No. 63.
BiKhth A.ve. I'avInK Dist. No. 1-Kond No. II.
Ttrentleth Ave. Paving Dist. No. i— Bonds Nos. 1 and
2.
ORADINO AND CDRBINO BONDS.
Capitol nill GradlnKandCurblnKDlBt. No.
1— Bonds NoB.107
toll4, Inctti-
Bive.
North Denver Grading
Dial. No.
320,r00
10,000
26,C00
Bive,at$i,000
6,000
Jau. 1, 1892— Highlands sewer, third iRsue, Nos. 6 to 13, incl., at $1,000.
f,000
Also at the office of the Treasurer ot i he city and county of Denver all outstanding and unpaid city general warrants Issued during the year 1903 and
prior thereto, aggreaatlne $1<!9,999 26.
And all outstanding and unpaid county general warrants issued during the
year 1903 and prior tnereto, aggregating $2J,'-8l tA.
And all outstanding and unpaid warrants issued by the former town of
Berkeley and now a p*rt of the city and county of Denver during the year
1903 and prior thereto, aggregating »4,4 6 m.
Ana all outstanding and unpaid warrants issued by the former town of
Montclalr and now a part of the cltv and county of Denver during tlie year
1903 and prior thereto, aggregating $31,662 Si.
And all outstanding ana unpaid warrants of the former county of Arapahoe
Issued during the yearlwOS and prior tnereto, aggregating $171,951 87.
And all outstanding evidence of indebtedness remaining due and unpaid by
the Park Commission contracted during and prior to the year 1904, represented
by promissory notes.
ii
Interest will cease thirty days
from date
of call,
1905.
March
3,
—
Omaha (Neb.) School
District. Bonds Purchased. This
purchassd from N. W. Harris & Co. of Chicago
$50,000 5% bonds of the district, dated Jan. 1, 1888, and madistrict has
$2,125,
The price paid was par, premium of
1, 1908.
accrued interest amounting to $437 50, and exchange,
152 56, or |52,615 08 in
all.
*
1
Bond No.
7.
8KWER BONDS.
— Bonds Nos.
Oapltoinill Storm-.^ewer Olst. No.
Bond Proposals and Negotiations
this
week have been as follows
AHegheny Connty (P. 0. rittsbnrgh). Pa.— Bond Sale,—
The $600,000 4^ 20 year coupon jail-addition bonds offered
on March 10 were awarded to the Pittsburgh Trust Co. at
104'27 and interest— a basis of about 3'696^,
Following are
the bids
:
Pittsburgh Trust Co
N.
W. Harris*
Co..
N,Y
$(525,620
ti24,a40
Denison, Prior & Co., Cleve623,160
land and Boston,.
Kountze Bros., New York
619,672
tiamDrechtBros.& Co., Clove..$618,760
Dnlon Sav. Bk.& Tr. Co., Cin.. 618,500
N. W. Halsey & Co.. N. Y
618,450
Mun. A Corpo. Sec.
N. Holmes & Sons,
Co., Pittsb. 61t<,005
Plttsbgh... 617,460
D?romination, $1,000. Date, March 15, 1905.
Interest
semi-annually at tbe office of tbe County Comptroller.
Allegheny (Pa )— Twelfth Ward School District.- Bond
Sale— On March 6 $100,0tiO 4% 30-year coupon bonds of this
district were awarded to N. Holmea & Sons of Piit^burgh at
104'13.
DenominatioD, |1,000, Date, May 1, 1905. Interest,
semi-annual.
Bonds are exempt from
taxation.
will be received
until 2 P. M., March 28, by A. A. Billing?, City Clerk, for
$15,000 il4% 5-20-year (optional) water and $2,600 i}4% 10-20year (optional) electric-ligtat bonds. Danominatlon, $500.
Date, day of issue. Interest sncually at the office of the City
Treasurer. Certified check for f;50l), payable to B. M. Simms,
City Treasurer, required. Bonded debt at present, $9,000.
Assessed valuation 1904, as equalized, |547,675; real value,
about $1,000,000. Bands were authorized at tbe election held
Feb. 21, 190'i, the vote on the water questioa being 175 to 25,
and on the Ught bonds 186 to 15,
Alma, Neb.
— Bondl O/TcriKgr.— Proposals
Altoona(Pa.) School DMret.— Bond Sale.— This district
has awarded an issue of $250,0'
4% school bonds to Rudolph
Co. of New Yorti City at private sale.
KleyboUe
Arcanum, Ohio.— Bonrfs Fo<ed.—Tbe election held Mar. 6
resulted in a vote of about 300 to 44 in favor of the proposition to issu^ |33,00'J water-works and electric-light bonds.
Aeotln, Wash.— ^?onds Voted.— This city on February S8,
by a vote of 75 to 38, authorized the issuance of $4,0C0 10 20year (optional) bridge bonds at not exceeding b% interest.
Details of sale have not as yet been determined.
Atlantic UighliUKis, N. J.— Bond Election Proposed.—
are advised by the Borough Clerk that an election will probably be called late in April to vote on a proposition to issue
000 public pnirk and equare bonds.
Haitimore, M.<,\.—Bond Election.- This city on May 2 will
vote on the question of Iseulog $2,01)0,0(0 "annex" bonds.
These bonds will be used in acquiring private streets, in paving and curbing public streets and alloys and in opening new
&
We
PAVING BONDS.
Alloy Paving Dist No.
Ncs. 81 to 400, inclusive,
1,
H
Chester,
"0,''
at$l,000
turing Jan.
Soni h Omaha, Neb. Bonds Illegal—Jndge Sears, in the District Court, recently handed down opinions adverse to the
city in the euits brought to restrain the officials from issuing
city-hall and the |40,000 4% park bonds voted at
the $70,000
the election Nov. 8, 1904. The Court held that tne petition
to call the election was defective in that it did mot contain
the required number of signatures. New elections have been
ordered for April 4.
§1,000.
$192,000
400, inclu-
sive, at
1
200,201 and 202.
Oapltol IIill Storm-Sower Siib DIhI No. l8-Bond No. 5.
Caottol Illll Htorm Howor Sub-Dint. No. J»— IJond Nos. 0.
Capitol Hill r^tonn-Sewcr Suo-Dlst. No. 20-Bond No. II.
Capitol mil Storm-Sewer SuD Dist. No. 2»-Bond No. 12.
streete.
City Council has also passed an ordinance calling an
May 30 to vote on the issuance of $10,000,000 sewerage bonds.
Uaruesville, Ohio.— Bond Opening.- Proposals will be received until 12 M March 20, by Ji. M. Wllbes, Village Clerk,
for $3,891 81 5% 1-lC-year (serial) Bond Avenue paving bonds.
The
election
,
Mak.
THE CHRONICLE.
18, 1905.]
1133
Denominations— Bond No. 1, $121 31; No. 2, $200; Nob. 3 to
Cis3Ciiit9at>i, Ohio.— Bids,— FoUowiDg are the bids received
Date, Dec. 1, March 8 for the $250,000 33^« 80-year hospital bonds award9, inclusive, $450 eaob, and No. 10, |420,
Accrned interest to bs paid ed, as stated last week, to the Third National Bank of Cin1904. Interest, semiannual.
by purchaser. Certified check for $100, payable to the Treas- cinnati
:
urer of the village, required, Tbia offarl»g is in addition to
those published on page 885 of the Chronicle Fab. 25 and
page 1013 of the Chronicle March 4,
Bartlesvile, lad. T»T.~Bonda Voted.—Ihis place, it is
stated, has voted to issue |14,C00 sewemge bonds,
Bellefontaine, IJhio.— fa-orad Sale.—Oa March 6 the $5,000
5^ lOJ^-year fire-department bonds described in V. 80, p. 726
were awarded to Weil, Roth & Co, of Ciaciun*ti at 107 '74
and interest— a bseis of about 4'087%. Poliowing are the
bids:
15,387 00 Union Sav. Bk. & Tr.Co.. Cln..?5,350 00
Well, Roth & Co., Clncln
Hayden, Miller & Co.. Oleve,.. 6,380 76 R. Kleybolle &Co.. Clncin ... 5,328 (;0
Hoehler&Cummings.Toleao. 5,378 50 Prov Sav. B'k & Tr. Co., Cln.. f',327 60
Sec. Sav. B'k & Tr. Co., Toledo. 5,317 ftO
Denisoa, Prior & Co., Cleve5,378 5D New iat Nat. B'k. Columbus.. 5,275 00
land and Boston
5,h77
no First Nat. Bank. Barnesville.. 5,201 00
W.J. Hayes & Sons, Cleve....
Seasongood & Mayer, Clncln.. 5.3'I6 80 Commercial & Sav. Bk., Belle5.353 00
fontaine
5,110 60
W. R. Todd & Co., Clncln
.
Albert C. Case,
Atlas Nat. Bk., Cincinnati.... 5,350 75
New York
6,oaO 00
Belt School District No. 27, Mimt— Bond Sale.-On
5-10-year (optional) school house bond,
4 a $800
dated March 4, 19;)5, was awarded to Thomas Jaap at par.
H
March
Interest, eemi-annual.
Berkeley School District, Alameda Coanty, Oal.— -Bonris
Fo^ed.— The eli-'C! ion Fsjb. 25 resulted in a vote of 850 fco 230
being cast in favor of issuing the $150,0(30 i}4i gold achoolbuildiog bonds described In V. 80, p. 728,
Blackwell, OUla. —Bond Saie.—The |7,030 sawer and the
$5,000 water Qi 10 30-ye*r (opcional) bmas voted at the elecCo. of
tion Jan. 17, 1905, have been sold to Johns Nuveea
Chicago at 104 '25, Denomhiatlon, $1,009. Dtiie, April 1,
1905 Interest, semi-annual. Toe award was made on Feb. 20.
Bogota (Borongh), N. J.—Bond Sale.—Oa March 14 the
$13,C0i) 5% 1-10-year (serial) coupon sewer-construction bonds
described in V. 80, p. 610, were awarded to F. W. Crane at
par.
Boyd Coauty (P. 0. Botte), Neb.— Bo»d.s Fofed. -This
county on March 7 voted to issue $60,000 bonds to fund out-
&
standing iadebtedness.
Bruddocb, Fa. Bond Offering.— Propomla will be received until 7:30 p. M., April 10, by L, L. Todd, Borough Sec-
coupon bonds.
Securities were auheld Feb, 21, 1905, Danominatiou,
Date, May 1, 1905. Interest semi-annually at the
$1,000.
office of the Borough Treasurer. Maturity, serially for thirty
years. Bonds are tax-exempt.
Brocton, 111. -Bond Electron.-— A.t the coming village election the question of isHulng $5,000 1-10-year (seiial) sidewalk
bonds will be submitted to a vote.
Brownstownii, InA.-BondSale.—Oa March 4 an issu?) of
$8,500 b% light bonds was awarded to E. D. Bash <& Co, of
Indianapolis at 106*428. FoHowmg are the bids
retary, for $182,000 i%
thorized at the election
:
K. D.
Bash &
A.H.Manuel
Wild & Co..Indian'lis.
00] Brownstown State Bank....
Co.,"lndian'lls.. ,$3,725 00
Buffalo, N.
3,710
I
J. F.
Y.—Bond Jsswe.—The
.13,700 09
.
8,f5e8
00
isbuance of
,$4,175 67
interest, dated Feb. 27,
judgment bonds at cot exceeding SJ^^
1905, and maturing July 1, 1903, has been authorizad. One
bond oi 13,000 is awarded by the resolution to the Bailey Ave,
sewer sinkiog fond at par and cue bond of $1,175 87 to the
Western New York & Pennsylvsnia Railroad Compacy
grade-crossing sinking fnnd also at par.
D
The
isscianoe of $13,878 16.3;J
partmeat of Pablio Works
bonds dated March 1, 1905, and maturing March 1, 1906, haa
been authorJz^.d. These bonds will ba tiken at par by the
park boad redemption sinking fund as an iavastment.
Bond Sale.— On March 15 the $100,000 4^ 1-10-year (serial)
registered refunding water bonds descri'.ied in V. 80, p 1071,
were awarded to the Erie County Savings Bank of Buffalo
at 102-865 -a basis of abont 3*42i^^.
Camilla, JKitehell touaty, Ga —Bond 8ale.— An issue of
$20,000 53!^^ water-works and electric-light bonds has been
sold to the Robinsou-Hiimphrev Co. of Atlanta at 103*^5.
DanomluatioD, $500, Date, Nov. 1, 1904, lotere-it, April
and
October.
Maturity, part yearly for 29 years.
Canoo, (}a.—Bond Sale.— We are advised' by J. M, Holmes
of Chicago that he has arranged for the purchase of the
$5,00J Qi scbool-fcuilding bonds meutioued in last week's
Chronicle .nnd described in V. 79, p. 17;i9 and 2600. Mr.
Holmfcs states tha'c he has jasi had tJie boads printed and la
now
closlsag nptb,e matter.
Carey (Ohio) S :h')i>l Ulstrict.— Bonds Foied.— I o is stated
that the eiectioa Feb. 28 resulted in favor of issuiug $8,000
school-bouse bonds.
Central Lake, Mjch. Bond Election Authorized.— The
Village Conucii tias pai=sed a resolution to submit to a vote
of the people the question of issuing $],00J building bonds
Chatham County (P. 0. Pittsboro), N, i^.—Bo^,d Sale.—
On March 10 $20,000 5^ funding bonds were awarded to F.
M. Stafford & Co. of Chattanooga at 104'50--a basis of abouc
4 652,i. Donomination, $2,000. Dite, April 1, 1905, Interest, annual.
Matucity, April 1, 1925.
Chester (Ohio) Schwol District.— BownT Election.-^Oa
March 22 an eieetion will be held to vote on the questioa of
issuing 15,500 school-building bon is.
ChicHgo (111.), South Park District. -Bonri Bill— The
Governor has signed a bill recently passed by the Strtte Legislature permltung park boards to Issue bonds up to 5% of
the aes-ssed valuauju of the district. This bill is in the interest of the South Park District of Chicago, which, it Is understood, intends to put oat t2,500,000 bonds under the Act.
Third Nat. Bank, Cincin.... 1253.040 00 Holzman
& Co., Cincin., and
Snasonuood* tlayer.Clnoln. 253,015 00
Kountze Bros., N. Y
$852,500 00
Western German Bank, Cln. 252.975 00 P. J. Goodhart & Co
252,23776
Atlas Nat. Bank and Gerr>eni8on, Prior & Co., Cleve?5'2,091 BO
land and Boston
msiu Nat. Bank, Cincin ... 252,206 00
H II. Rollins & Son8.[Chlc... 26^,676 50
Well, Roth &Co. Cinoln.... 252,476 00
Ciaremosjt (N.
H
)
Prov. Sav. B'k&Tr.Co..Cin. 251..S87 CO
W. R. Todd & Co., Clncln. . 261,3;J5 CO
School District.- Bonds Authorizedby
Legislature.- -The State Legislature has authorized this district to issue bond;^ or notes for school purposes,
Clark Conuty (P. 0. SprlBjgfl^Id), Ohio -Bida.— The following bids were received March 9 tor the $87,541 50 i% coupon bonds awarded, as stated last week, to the First National
Bank of Springfield
Premium.
Prtmium.
:
]
First Nat. Bank, Springfield... $1, '705 00
W.J. Hayes & Sons, Cieve.... 1,760 00
1
,=eaHonKOod & Mayer, Clncln.. $1,645 00
Weil, Roth & Co., Clncln
1,625 00
—
Clements (Minn.) School District.— Bond Election. An
election will be held in this district to vote on the qaestion
of issuing $4,000 school- house bonds. These bonds have already r een passed upon by the voters, bat the previous election w3s subsequently found to be irregular.
CleveittHd Heights, Ohio.— Bond O^er mgi.— Proposals will
be received until 12 m., April 11, by William G, Phare, ViiIsge Cierk, at the Fairmount Post-offlea in said village or at
his office. No. 402 American Trust Building, Cleveland, for
Accrued interest to oe paid
$25,000 water-work-j bossds.
by purchaser. Certified cheek for i% per cent of the amount
of bonds bid for, payable to the Treasurer of the village,
required.
LiiiitoiJ, MiiiB.— Bonds Foied.— This village has voted to
issas $6,000 5^ coupon '-vater- works-ex tension bonds. Denomination, $500 or $1,000. Interest, annually at tho First
Ndti>nal Bank of Clinton. Maturity, 20 years. Date of
sale not yet determined.
Bonded debt at present, $3,0G0;
floating debt, $400. Assessed vai.uation 1904, $96,066.
Cogtj-oni, Iowa.— Bond -Vaie.—-This town has awarded to
Sons, Cleveland, an issue of $5,000 b% reW. J. Hayes
funding bonds. Danominatioa, $500.
Colamhia, S. C).~Bonds Propo«ed.
are advised that a
petition is being sigaad by the Freeholders of this city request! og the City Council fco call an election to vote on the
qaestion of issuing the $400,000 water-works bonds mentioned in V. 80, p 484. If the proposition carries at the election it is the intention of the city authorities to have the
Supreme Court pass on the legality of the issue.
Colnmbas, Ohio.—Bonds Authorized.— Kn issue of $18,000
&
—We
H
coupon electric-light bonds was authorized by the City
Council on February 20. Dsnomitjation, $1,000, Date, not
later than April 1, 1905, Interest, March 1 .and September 1
New York City. Maturity, March 1, 1935, subject to call
m
after
March
1,
1915.
On March
6 the City Council passed ordinances authorizing the issuance of $150,000 i.% coupon Rsnick Ran and Jackson Pine main sewer and $15,030 i.% coupon E'don Avenue
srorm-eewer bonds. Denomination, $1,000. Dite, not later
than March 1, 1905. Interest, March 1 .snd Saptember 1 in
New York City. Maturity, March 1, 1925, subject to call
after March 1, 1915.
Ccofee Conaty (P. 0. GJainesville), Tex.— iVc> Bond Election,
are advised that the matter of holding an election
in this county to vote on the qaestion of issuing ^200,0(30 road
bonds has fallen through.
Coon Kapida, Iowa.— Bonds Defeated.— Tha election March
6 resulted in the defeat of the proposition to issue $3,000
—We
water supply-improvement bonds.
CoYington, Kj.— Bonds Proposed.— It Is stated that at the
general election next fall this city will vote on a proposition
to issue $150,030 mnnieipal-lighting-plant bonds.
Crawford coanty (P. 0. Bacyras), Ohio.— Btds.— The following bids were received March 7 for the $25,000 h% coupon
road bonds awarded, as stated last week, to the Bucyrus
City Bank of Bucyrus :
Bucyrus City Bank,Bucyru8.$Z6,701 00 Holzman & Co,, Cincinnati... $26 ,501 00
W. K. Moss & Co., Detroit.
Sons, Cleve... 26 ,601 00
28,662 60 W.J.Hayes
Uenison, Prior & Co., CleveHayden. Miller & Co., Cleve. 26, 328 76
land and Boston
26,608 50 Uoehler&Cummiiigs, Toledo 26, 287 60
Mansfield Savings Bank
£8,557 9j L-iinpreotit Bri)8,iS(Jo..Cieve. 26, liUOO
Sec. Sav. Bk. & Tr. Co.,Tolel0 2«,ft37 50 New lai Nat. B'k., Columbus. 26, .015 50
Seasongood
Mayer, Ciaoin. 26,528 25 First Nat. Bank, BarneBvllle. 25, ,411 00
. .
<9t
.
S[,
tJn.
Sav. Bk.
& Tr. Co.,
Cln.... 2«,o05 OO
|
Crestline (Ohio) School District.— Bond Election.— An
election will be held in this district to vote on the question
of issuing $35,C0J school-building bonds. This will be the
third time, it is stated, that this proposition has been submitted to a vote, it having failed on two previous occasions.
Danville, Ya.— description of Bonds. - We are advised that
the $70,00u water acd tne |30,OOU bridge bonds, the sale of
which Wis recently recorded in the Chronicle (see V. 80, j).
727), were purchased by Townsend Scjtt & Son of Baltimore at par and interest. Denomination, $1,000. Date, Jan.
Marurity, J^u. 1. 1935,
Interest, semi-atinual.
2, 1905.
Dayti»n, Ohio.—Bond Sales.— Th^ $3,000 5sK 11 and 12-yeftr
sewer district No. 4i bonds described in V. 80, p. 1072, as
well as an issue of $5,500 bonds of toe same kind, have been
purchased at par by the sinking fund. Securities are dated
Feb. 1, 19J5.
Deerfleld, Lenawee Conuty, Mich.- Bond Election Proponed. ~V^ is stated that citizens of this plaoe have petitioned
the Council to call an election to vote on the issuance of $10,000 bonds as a bonus to secure th-j newer house and shops of
the proposed Toledo & Ann Arbor Electric Railroad.
THE CHRONICLE
1134
Edina (Mo.l School DIstrict.-Bonds Voted.— This dison F. b. 28, by a vote of 204 to 99, authorized the issuc$17,000 i% school-building and site bonds.
ric
.
t "
ardBTille, 111.— Bond Election,~The City Council has
cided to submit to a vote the question of issuing $39,000
idrv^alk bonds.
bill providing for
enYille, N. Y.— Bonds Proposed.—
B^uacce by the village ot $6,C03 dike bonds at not exicg
interest is before ihe State Legislature.
IlifiTille, Miss.— Bond Sate.— The City Council recently
an issue of $20,000 5% water- works bonds at 101 '50.
r:E Pago de Boble8(P. 0. Paso Robles), San Lais Obispu
County, Val.—Bo7ids Not Ytt Sold.—^o sale has yet been
made of the $25,000 55? gold coupon hot-sulphur-bathhousa
bonds offered on January 16. Thesp bonds are still on the
market. See V. 80, p. 127, for descriptioa of securities.
£lyrla, Ohio.— Bonds Authorized.— The City Council on
Feb. 21 suthorlzed the issuance of |12,000 5% coupon townhall-remodeling bonds. Denomination, |500. Date, March
Interest semi-ancuallv at the United States Mort1, 1905.
gage & Trust Co., of New York City. Maturity $2,0C0 yearly
on March 1 from 1915 to 1920, inclusive.
On the same day the City Council authorized |50,000 i^i
Denomination, $l,OUO.
waterworks-improvement bands.
Date, March 1, 1905. Interest, semi-annually at the United
States Mortgage & Trust Co., New York City. Maturity,
$5,000 yeaily on March 1 from 1928 t.) 1937, iaclusive.
Escanaba, Mich.— Bond Sate,— The City Council on Feb, 28
sold an issue of $60 000 ii 1-10-year (serial) Improvement
bonds to Spitzer
Co. of Toledo at par. These bonds were
originally offered on Jan. 17 and the bids then received were
r* jected," See V. 79, p. 2808, for description of bonds.
Fall River, M»588.— Bond O^eringr.- Proposals will be received until 10:39 A. M., March 23, by Chas. P. Brightman,
City Treasurer, for the following bonds
(
A
H
&
$158,000 S]4% IP-year municipal bonds.
22.000 3h% IC-year park bonds.
1
140,000 3}i% 30- year sewer bonds.
I
DcnomiDaiion, $i,(J(jy or multiple, Date, March 1, 1905.
eemi-annually by check. Accrued interest to be
paid by purchaser. Ceriified check on a national bank for
2% of the f.mouiLit bid for, payable to the City of Fall River,
Interest;
required.
Fairmont, W. Ta. Bonds Voted. —This city on March 2
voted bonds for water purposes by a large majority. The
amount to be issued is stHted to b? $180,001.
Fo8tori8, Ohio.— Bond Biffs.- The following bids were received for the 1100,000 4% refunding water and the $12,500
i}4i refunding bonds awirded on March 1 to Rudolph Kleybclte & Co. of Cincinnati, as stated in V. 80, p, 1014
:
& Co., Cincinnati
W. K. Todd & Co., Cincinnati
Provident Savings Bank & Trust
Hoeher 4 Cumoiinfts. Toledo
$100,000 Issue.
$100,577 50
R. KleyboUe
lOJ.OOOOa
Co., Cincinnati.
Lamprecht Bros. ro„ Cleveland
Security Savings Bans & Trust Co., Toledo
New
First National Bar.k, <;olumbus.
•
•
*
•
IS.llOOO
l.S,0H2 50
12,887 50
12,78125
00
*
W.J. Hayes & Sons, Clevelaud
Weil, Rotli& Co .Cincinnati
112,500 Issue.
$13,130 00
13,130 00
13,125 00
»
12,'?75
•
12,500 OJ
Commission demanded for handling this issue.
Galvest'on, Tex.—-Bonds Rigistered.— The State Comptro'ler on March 6 registered $730,000 5% grade-raising bondf-.
These bonds are dated Oct;. 1, 1904, and mature in 40 yeare,
enV ject to call at the option of the city,
GJalvestcn Canntf, Tex.— Status of Sea-wall Bonds.— From
a statement recently submitted to the Commiesioners' Courn
by County Treaeurer J. M. O. Manard, we learn that of the
suthor?zfd $1,500,000 4^ sea-wall bonds of this county $1,489,900 have been iesued, of which $180,000 have been retired anri
paid cff, leaving $1,359,900 cow outstanding. Only $10,100
of tbe bonds have not been issued, of which $400 were spoiled
and cancehd. It is the desire of the County Treasurer to
destroy all bonds not issued. Our last report on these bonds
was givtn in the CHRO^•lCLE Dec. 31, 1904. Since that date
$130,000 bonds have been issued.
Gr.>fton (W. Va.) Schoai District.— Bond Elect on.— An
election will be held March 21 to vote on the qutstion of issuing $25,000 41^* 10-84year (optional) school house-completion bonds. Denomination, $500.
Grrndy Tenter School District, (JruBdy County, Iowa.—
Bond Eleetion.—Thi3 district, it is stated, will vote on the
quettlon of issuing 13,500 high-echool improvement bonds,
Hamilton County (P. 0. Cinclaaj.ti), Ohio.— Bond Offering —Proposals wid De received until 12 m,, April 18, by th^
County Commlfisioners— C. C. Rtcbardsou, President, and
Geo. C. Zimmerman, Clerk— for $175,(!00 4« "Toll Pike Purchase" bonds. Denomination, $50). Interest semi annually
on May 1 and Nov. 1 at the office of the County Treasurer.
Matniity, 25 years. Certifi-d check for $1,000, payable to
the Treasnrer f Hamilton County, required.
Bid«.— Following are the bide received March 8 for the
$115 000 4^ armory-reimburement and^the $25,000 4% bridge
bonds awardfld, as stated last week, to Albert Kleybolte &
Co. and the Market National Bank of Cincinnati
*
<
$ 15,000 n.nds.
00
;
A. Kleybolte & Co. and Market Nat. Bunk, Cln.. $1:^.'<,078
Atlas Nat. Bank, German Nat. Bank and Union
Sav. Bnnk & TruntCo.. CIncluDfttI
182,606
Provlrleni Sttv. B«nk & Trust Co.. Cincinnati
122.075
Weil, Koth &<'o.arj<l Ulncltjatl Tr.& .Safe Dep.Co. 121,040
.
W.R. Todd
&C.>,Cluclrinall
Western Oermm fjank, Cincinnati
K. Kleybolte Ji Co .Ciin;lnnati
Central TruBtA Safe Deposit Co
00
60
$25,000 B(f«.
»26,412 6o
26,(90 00
20.06150
10
llM,v8750
117,115 00
00
20.102 60
art.Sb2 00
3(5,390 05
2rt,0l5
Hiviicock County (P. 0. Findlay), Ohio.— Bond Offering.—
Proposals will be received until 12 M., March 31, by the
Beard of County Commiesioners, for $11, SCO 5| pike-improvement bonds. Denomination, $500, except one bond for
[Vol. lxxx.
Date, April 1, 1905. Interest semi-annually at the office of
the County Treasurer. Maturity, yearly on April 1, $1,5C0
from 1906 to 1908, inclusive; $1,800 in 19C9 and $1,000 from
1910 to 1915, inclusive. Either cash or a certified check for
$200 required to be deposited with the County Treasurer by
bidders. John A. Sutton ia County Auditor.
Harrisburg (Pa.) School Dislrict.— Bond O^ertriflf.— Proposals will be received until 5 p. m., March 20, by the Committee on Finance of the Bjard of Sohool Directors for
$85,0CO i% coupon building bocds. Denomination, $1,000.
Date, April 1, 1905. Interest, semi-annually at the office cf
the City Treasurer. Maturity, $10,000 Apiil 1, lO'O, and
$3,000 yearly on April 1 from 1911 to 1935, inclusive. Bonds
are free from State tax. Certified check for 2% of the par
value of bonds bid for, payable to the City Treasurer, required. D D, Hammelbaugh is Secretary of the Board of
School Directors. Theee bonds were offered as d}4 per cents
on March 1, but not sold.
Holly lieach, N. 3.— Bond Sale.~Oa March 15 the $25,000
5% 20-year board-walk bonds described in V. 80, p. 1072, were
awarded to the Camden Safe Deposit
Trust Co, of Camden
at 100*50 -a basis of about 4 98^'.
Jackson County (P. 0. Jackson), Ohio.— Bond Offering.—
Proposals will be received until 1 p. m., April 1 by W. J.
Shumate, Counfy Auditor, for $50,000
turnpike bonds.
Danomination, $1,000. Date, April 1, 1905. Interest, semiannually at the otfice of the County Treasurer. Maturity,
$10,000 April 1, 1929; $20,000 April 1, 1930, and $20,000 April
Accrued interest to be paid by purchaser. Cer1, 1931.
tified check for 5% of the gross amount of bonds bid for, payable to George Pugh, Treasurer of Jsckson County, required.
Kalamiizoo, Mich.— Bojid 6'aie.— Oa Feb. 27 an issue of
1-7-year (aerial) Lovell Street improvement
$22,750
bonds was sold to the First National Bank of Kalamazoo at
par.
Danomination, $1,000. Date, March 1, 1905. Interest,
semi-annual.
Kearney County (P. 0. Lakin), Kan.— Bonds Authorized,
The Board of County Commissioners has made arrangements to issue $85,000 30-year judgment bonds at not exceeding 5% interest. Interest semi-annually in New York City.
These bonds will either be sold at once at private sale cr will
be turjied over to the holders of the judgments against the
county. Bonded debt at present, |24,00C; filiating debt,
$30,000. Assessed valuation, $800,000,
J. M, Judd is County
Treasurer.
&
H
4m
—
Liberty Township,
Yaa Wert County, Ohio.— Bond
Offer3 p. m,, April 3, by the
Trustees of Liberty Towcship, at the law office of Blachly,
Kerns, in Van Wert, for $8,000 4%t road bonds.
Priddy
Denomination, fLOOO. D.-ite, April 15, 1905. loterest, March
15 and Sept. 15 at the office of the Township Treasurer,
Maturity, $2,090 yearly on Sept. 15 from 1915 to 1918, incluBids to be unconditional. Blank bonds to be fursive.
nished by the successful bidder. Certified check for $^03
required. B. F. Farlow i3 Township Clerk.
Lincoln, Neb.— Boftd O^erenfli.— Proposals will be rc-ceivtd
by Beman C. Fox, City Treasurer, until 4 P. M March 27, for
$40,320 5^ 1-10-year (serial) paving bonds, as follows :
$8,000 (>% 1-10-year (serial) bonds of street-paving district No. 28.
ing.
— Propo.=!als will be received ui
til
&
bonds of srreet-paving district No. SO.
baids of street paving district No. 31.
boods cf street paving district No. 3i.
1,4(J0 b% 1-lOyear (serial) bonds of street paving district No, 35.
2,950 h% 1-10-year (serial) bonds of street-paving district No. 44.
6,000 % 1 10 year (serial) bonds of street-paving dis'.rict No. 48.
b% 1-10-year (seria bonds of street repaviog district No. 25.
8,7<
780 i>% I-IO year (serial) bonds of street-repaving district No. 26.
Securities are dated March 1, 1905. Interest annually at
e,8 !0 5ft 1-10 year (serial)
12,00n b% 1-lO-vear (serial)
5,690 5t 1-10 year (serial)
1
)
the State fiscal agency in New York City. Certified check
on a Lincoln bank for i% of the bonds bid for required.
Los Acgfles, (Jul.- Bovid Slection.—A\x election will be
held March 21 to vote on the question of issuing the following school bonds
?360,000 i% l-2C-year (serial) gold bonds of the Los Angeles City High School
District.
620,000 i% i-tn-year (serial) gold bonds of the Board of Education of the city
of IjOs Angeles and of the Los Angeles City School District.
Madison 4v«utity (P. 0. Anderauu), lu<i.— Bo/id oa/e.— Oa
Muirch 14 the $'>5,ii00 %%% 2-lU-year (serial) funding bridge
bonds described in V. 80, p. 668, were awarded to E. D. Bush
Go. of Indianapolis at 100'60— a basis cf about 3*389i«.
bid of 100418 was also receiv< d from J. F. Wild «fc Co. of
A
&
Indianapo'i'.
Manchester, N. H.—Sid.s.~~ Following are the bids received March 9 for the |5 ),C00 3J^^ 2')-year coupon refunding
bunds awarded, as stated last week, to the Merrimac River
Savings Bank of Manchpster
Co., Boston
I0r067
Kstabrook
103 f 3
Mcrrlinac RIvor Sav. Bank
l01-()83
Trustees Sink Kund. Munches 10'<'567 Adams & Co., Boston
Lee, HlKi-'inson .V Co., IJoston .ir2'217 M. rrill,01dh.Hin & Co., Boat.... 101-219
Bosion
liros.
Co.,
lOl'CC
102 077 Ulaue
&
B U. IIdIIIiki V Sons, Hoston
:
St,
Hayden, Miller * Co., Clove....l02"0o
101-H76
O. Guy &Co., Bosion
W.
w J. Hayes A Sons. Boston.... 100'»66
...lt0867
Kounizo Bros., .New York
Fernald A Co., Boston. .100-T7
100-6B7
Baker. AyliMK & Co
1 IIT5
Alon/.o KillDtt
lOrOO
H'arMon l.»acn ACc. Boston
lOffWl
N. VV. Harris ACo.. Boston
Rlodpet, Merrlit A Co., Hoston.l' ri7
(ieo. A.
A.J.
Perry, Coffin
Lane ACo
.WaiyTllle,
K r069
liotiiNori. I'rior
and Boston.
&
&Co., Clevelaua
100'477
Burr, Boston.... lOOlS
HLo.—Bond Sale.-Oa March
5 23-year (optional) registered sewer
V. 80, p 8!?7, were awarded at 100'285.
10 the *2i),000 4)<
bontls described in
MaBSachasetts.- Bond O^erin^.— Arthur B. Chapin, State
Treasurer and Recelver-Q-eneral, states that, owing to a demand for "coupon" bonds, the sale of the $2,300,000 aold
registered securities which was to have taken place on
March 16 was postponed until 12 m., March 24, when proposals will be received for either "coupon" or "rfgtstered"
bonds, except in the case of such issues where the form of
bond is specified. The bonds are as follows
:
Mar.
THE CHRONICLE.
18, 1905.]
|300,0C0 3)^% prison and hospital bonds, maturirg May 1. 19P4.
?0,000 :-iyi% (ret'lstered only) armory bonds, maturing March 1, 193B.
400,000 3H* Charles River Basin bonds, maturing Jan. 1. 1945.
Metrop ilitan Park bonds, maturing Jan. 1, 1945.
3^^ (coupon only) MetroDOlltan water bonds, maturing Jan. 1,
SH% State hUhway bonds, maturli g $10,000 yearly on April
1945.
1 from
first issue of "seriitl"
1900 to 1930, inclusive. TtiU is said to be the
bonds ever put out by the State.
Certifii d check for 2% of the bonds bid for,
payable to tbe
Treaenrtr of tbe Ccmmonwealth of Massachnsefts, required.
Medina, N. Y. Litigation,— We are advised that the issuance of $100,000 water bonds voted at the election Jan. 31,
1905, has been prevented so far by litigation. Nothing, therefore, has yet been done on the water question other than
opening bids for the work.
Miller County (P. 0. Colquitt), Ga.—Bond Sale.— On
March 8 the |20,000 5^ 1-10-year (seria) gold court-houee
bonds described in V. 80, p. 728, were awarded to RobinsonHumphrey Co. of Atlanta at 101' 183 —a baiais of about i%%.
Following are the bids
Seasoneood & Mayer, Cinoln.j;20,2.S6 25
Robinson Humphrey Co., Attanta
120,236 60 W. J. Hayes & Sons, Cleve... 20,'iii oo
R. Kleybolte & Co., Clnoln... 20,250 00
MisbaiTHka, InA.—Bond Sale.— Oa March 6 E. M. Campbell & Co. of Indianapolis were awarded an issue of |'<!5,000
:
1-25 year (aerial) improvement bonds for |25,875
terest.
Denomination, |500. Date, March 15, 1905.
<i%
est,
in New York State for $2,000, payable to the Treasurer of the city of New Rochelle, rf quired. Purchasers must
pay accrued interest. Bidders must use pri::ted form of proposa's furnished by the City Clerk. Bonds will be certified
to as to genuineness by the United Spates Mortgage & Trust
Co. of New York City and the validity of the issue approved
Caldwell, Esq,, of New York City.
by J
The official notice of this bond offtring will be found
among the advertisements elsewhere in this Department.
company
67i',000 :^\0.
860.000
260,000
1135
and
in-
H
.
Norwich Township School District, Ohio.— Bond Election.
—It is stated that an election will be held March 22 to vote
on the question of issuirg $11,000 hfgh-school-building bonds.
Norwocd, Ohio.— Bond Sale.- On March 13 the $10,000 43^5^
20-ye8r fire and police- equipment bonds described in V. 80,
p. 729, vi'ere awarded to the Provident Savings B: nk & Trust
Co., Cincinnati, at •09'555 and interest a basis of about
3-813^.
Following are the bids :
—
Prov. Sav. Bk. & Tr. Co., Cln. $10,955
Cent. Tr. & S. Dep. Co^ Cin.. in,H04
10,802
Cincinnati Trust Co.,
Union Sav. Bk. & Tr. Co., Cin. I0,6bl
Cm
50
26
50
00
I
I
I
Seagonsrood 4 Mayer. Cln.... $10,638 60
Atlas Nat. Bank. Cincinnati.. 1( ,625 00
Bk.&Tr. Co„Toledo. 10,5S0 00
8ec. Sav.
|
Bonds Authorized.— The City Council has passed an
Inter-
nance providirg for the isHuance of $3,700 4}4%
semi-annual.
MonUna, ~ Bond
20-yeftr
ordi-
water-
0#crtr"gr.— Proposals will be received extenalon bondi-; also $3,000 4^<g sir^ewalk bonds.
H. Rice, State Treasurer, at his i.flaae in
Oak P»),rk and Kiver Piirest Township flifch School DisHelena, for $75,000 State Normal bonds of 1905 at rot trict, l)\.—Bond8ale.-Oa March 2 tbe $i.80,000 12i^year
exceeding 5^ interest. Date, May 1, 1905. Interest, semi- (average) coupon bonds described in V. 80, p. 887, were
annually at the tfiBice of the State Treasurer. Maturity, awarded to Farson, Leach & Co. of Chicago at 102-359 for 4
twenty years, sulject to call at par at any time after ten per cents—a basis of about 3*762^.
years, or at any time after three years at 105 and interest.
Otean Park, Cal.— Bond 0/^eringf.— Proposals will be reMoiitf zama Yall y Irrigation District, Colo. Bonds Not ceived until 7:30 P. M, March 23, by the City Trustees, for
Sold.— No ale was made of the §1C0,G00 6% bonds offered ol the $20,000 sewer and the $5,000 fire-department 5i coupon
March 2, a description of which was given in V. 80, p. 728.
bonds voted at the election held Jan. 80, 1905, DenominaMOHtroae, C«lo.— Bond OJ^rmg.— Proposals will be re- tion, $500. Date, May 1, 19r5. Interest semi-annually in
ceived until 2 p. M., April 1, by Laura Callaway, Town Clerk, Ocean Park. Maturity from one to forty years after date.
for $100,000 coupon water bonds. Denomination, $1,000. The city has no bonded debt at present. Assessed valuation,
Intf rest, semi-annual.
Certified check for 2% of the amount $3,000,000.
P. James Is City Clerk.
of bid, payable to the Mayor of Montrose, required.
Onawa, Icwa. Bonds Proposed, The issuance of about
Mount Pleasant, IhiY&.-Description of Bonds.— The $29, $10,000 water bonds is being talked of in this town.
000 5% refundicg bonces, the sale of which we recorded in the
Orange County (P. 0. Goshen), N. Y.~Bonds Legalized.—
Chbonicle Feb. 25, are in denomination of $500, dated April An issue of $500,000 road bonds of this coun'y is legalized by
1,1105. Interest, semi-annual. Maturity, twc-n'y years, sub- Chapter 39, Laws of 1905.
ject to call after three years.
The bonds were purchased at
Ostregatchle (Towsi), St. Lawrence Coanty, N. Y.- Bond
par by the First National Bank and the National State Bank, Offerivg.— Proposals will be received untii 2 p. m., March 23,
by John M. Fd', Town Supervisor, at the cffi ^e of N. Wells,
both of Mount Pleasant,
Mount Yernon, N. Y.—Bond Sale.- On March 18 the $80,- Town Clerk (P. O. Ogdecsburg), for $19,0l0 i% town-ball
000 i% 8-year tax-relief bonds described in V. 80, p. 887, were bonds. Date, March 1, 1905. Interest, semi-annually at the
awarded to Kountze Bros., New York City, at 100*571 anci National Bank of Ogdensburg. Maturity, $1,000 yearly on
March 1 from 1906 to 1924, inclusive. Denomination of b„nds
interest—a basis of about 3-80$?. Following are the bids
Kountze Bro8., New York.... $60,S43 00 B. Seymour & Co., N. Y
-.60.090 00
to suit purchaser,
W. O. Gay Co., Boston
60,354 OO Oeo. M. Hahn, New iTork
60,010 00
Owtfsso (Mieh.) Union School District.— Bonds to be OfMnnising, MSch.— Sonds Proposed. —There is talk in thi& fered.— Yfe are advised that the $10,000 Bryant School replace of IssuiDg 140,000 bonds for public improvements.
building bonds voted at the election Feb, 2 will be offered
Nashwaiik, Minn.— Bond O^eri'-gr.— Proposals will be re for sale about May 1
ceived u»tii 8 p. M., April 3, by the Village Council for $25,Panldiug Connty (P. 0. Paulding), Qhif*.— Bond Sale.—
000 6% 20 year water- works bonds, dated Nov. 1, 1904. De On March 1 the four issues of 5^5 pike bonds described In V,
nomination, $500. Interest, semi-annually at the First Na 80, p. 729, aggregating $121,500, were awarded to Seasongocd
tional Bank of Chicago. Certified check for |500 payable to & Mayer, Ciucinnati, tit 10r558— a basis of about 4'58^.
the Village Treasurer, without condition, required. Paul H, Following are the bids
Tvedt is Village Recorder.
rremlum.
Premium,
|i.9:i0 Surety Sav. Bank & Inv. Co
&]Mayer, Clncln
$1,850
Newark, N. J.— Bond Offering.— The Common Council hap Seasongood
Hoehler&Cummlngs, Toledo.... 1,475 Lamprecht Bros. & Co., Cleve
I,a66
authorized the Issuance of $1,950,000 S}i% bonds, dated April
Paixtom, 111.— Bond Salc—yJe are advised that this city
1, 1905, to pay off the temporary loans incurred in building
has sold an issue of $8,400 street-improvement bonds.
the Cedar Grove reservoir, also the issuance of $500,000 3)^?
Peek skill, N. Y.— Bonds Voted.— This village on March 7,
refunding water bonds dated May 1, 1805, and $370,000 3)^5 by a vote of 289 to 66, authorized the iseuunce of $20,000
water-main bonds. Date of sale not yet determined.
school-construction bonds, dated April 1, 1905. Proposals
Philippine Islands.- Bids.— Following are the bids rewill be received for these bonds until 3 p. m., March 24, by J. ceived March 10 for the $2,500,000 i% gold registered publicH. Bacheller, City Comptroller. Maturity, fifty years, eub- works and improvement bonds awarded, as stated last week,
jeel to call after forty years. Securities will be issued in the to the Mercantile Trust Co. of St. Louis at 109-C6 and inuntil April 5
by
J.
,
I
—
I
<fc
|
:
I
I
form
terefct
bonds of from $1,000 to $10,000 each at Mercantile Tr. All or any
International Banking Corporapart 107"56
J
109'06
All or none.. 107-25
Co.
(Entire Issue
tion. Wash
option of purchaser.
They are free from tax. Certified
J. G. Smith. S»n Fran.
Moffat & White, New York
Jl.oOO. .11010
All or none.. 107-OS
check for 2}4% in the case of the reservoir and 5% in the case John Frar.cis. Hamilton. 4,000.. 110*00
W.Z.Kumler, Hamilton l,00O..11000 O. G. Castle, Springfield. Ohio.,
of the refunding water and the school bonds required. Sep- Citiiens' Nat. Bk. Ripley P.OOO. 110-00
$1,000., 10700
M. i. Turner. Oklahoma City...lij8-6'iB Kountze Bros., N. Y., and Lam.
arate proposals to be made for each issue.
»5o,0 0..lO-(80
precnt Bros. & Co., Cleveland, ioB-187
S. S. Troock. N. Y
R. Klevbolte 4 Co.. New tork.., ,106-066
l.i 00.. 10808
J. 8. BIT, Kavenna
The official notice of this bond offering will be found among Amer. Nat. Bank. Kansas City.l06"32 H. W. Poor 4 Co., Boston
106-631
Mrs. M. A.
Livings,
RtggsNar.Bk.,) Alloranypart.107-73
the advertisements elsewhere in this Department.
Washington
Wash., D.C.( All or none... 10'-1871
$1,000.. 104 00
1' 8'16
H. Sonn, All or none
G. N. Howell, Portland, 20,0C0.. 104-00
Newark, Wayne Coutty, N. Y.— Bonds Not Sold.— The Isaac
107-71
New York... Any part
C. G. Croll, Boston
10,000.. 103-57
D. H Rhodes, Cashier,
$64,000 5-20 year (serial) registered water bonds offered on J. 3. Bttche, N. Y..A11 or none.. 108-08
McKeesport.
50,ooo. 108-60
Fidelity & Deposit Co.. MercanMarch 1 have not yet been sold. See V. 80, p. 728, for
W. C. Boyies, Saxton... 4.O0O 102-50
tile Tr. & Deposit Co.. Bait.
of registered
.
..
.
.
,
(
(
New Haven, Conn.— Temporary Loan.— This city
awarded to Frank E Jennison of New York City
recently
at 3-lOii
discount a loan of $50,0C0, payable July 15, 1905.
New Roads, La.—JSond O^erinj/.— Proposals will be received until 10 A M April 1, by L. Bouar.chaud, M^yor, foi
$14,000 5% water- woika bonds dated Dec. 31, 1904. Interest,
semi-annual.
,
New
Rochelle, N. Y.- Bond Offering.— Proi^oaalB will be
received until 8 p. m., March 21, by Charles Kammermeyer,
City Clerk, for $97,000 ii registered sewer-constructioc
bonds. Denomination, $1,000. Date, March 15, 1905. Ma
May 1, 1908, and $5,000 yearly on May 1 from
1909 to 1926, inclusive. Interest sfmi-annually at oCBoe of
€Ity Treasurer. Certified check oa a national bank or trust
turlty, $7,000
none lOS'OSa: W, T. Parker N Y
1,000. 102-00
MifHin Co. Nat. Bank. ..10,000. 102 00
Washing-
All or
description of securities.
Lewis Johnson &
Co.,
tSi'.OOO. .108-00
ton.
Arthur B. WellB, Chic.
10,000.. 108-00
107 -819
All or n. ne.
All orany part. 106-129
W.
&J
)
Co,N. Y
Harvey Fisk k Sons and QuarN.
Harris
. .
autv Trust Co..New York
FlBk& Koblnsop, New York
.
107-777
A
\V.
Oraber. Flndlay
T. Hulsapple, New
York
(
1,000.. 102-00
5.0C0. 101-50
j
5.000
101-25
Mrs. J.S.Merritt Grundy
Center
1,000. 10100
J. T. Small, Lewlston... 6,000. 100-00
All or none.. 107 59
Pine
County (P. 0.
Piiie
City), yLlnn.- Certiffcatet
l8t.ued.—We are advised that the $11,600 4<{ certificates of
indebtedness offered without success on February 10 have
been exchanged for warrants outstanding. See V. 80, p. 287,
for description of securities.
Pipestone, Minn.— Bond Election.— An election will be
held in this place to vote on the question of issuing $15,000
sewer bondp.
Piqna, Ohio.— Bond OJferinf;.— Proposals will be received
until 12 M., April 8, by Bert A. Reed, City Auditor, for $19,000
THE CHRONICLE.
1136
Denomination, |475.
At conpon Wood Street paving bonds.
Ddtp, April 1, 1905. Interest, seml-annnally at the Importers'
Traders' National Bank, New York City. Matarity,
1 1, 800 yearly on October 1 from 1906 to 1916, inclusive.
Accrued interest to be paid by purchaser. Certified check
on a national bank for 5% of the amount of bonds bid for,
payable to the City Treasurer, reqnired.
Porter Township Scheol District (P. 0. Orwii), Schnylkill County, Pa.— Bond Saie.— This district last July
awarded to local citizens an issue of $10,030 school-building
bonds. These bonds have been held np pending litigatioi:
Iron
Reading Coal
brought about by the Philadelphia
Co., which claimed that the proposed school building was
not necessary. Last month the courts decided in favor of
the district. The bonds are In denomination of $250. Date,
July 1, 1904. Interest, semi-annual. Maturity, |1,000 yearly,
subject to call at any time.
Prentiss Connty (P. 0. Booneville), Mias.— Bonds Defeated.— This county on March 9 voted against the proposition to issue $2"),000 5% court house bonds. Tnese bonds had
already been awarded, subject to the vote at this election.
Uollersville (Ohio) School District.— Bonds Fofed.— This
has voted to issue $6,00J sohool-building
bonds.
Sacramento, CaI,— Bonds Refused,— N. W. Haleey
Co.
of Chicago have refused to take the $200,OCO high-school
bonds awarded to them on Dae. 12, for the reason that the
bocds as offered were 1-40-year (serial), whereas the citycharter calls for optional bonds. The City Council has returned the check to the Chicago house and has also refused a
bid of par from the same firm for bonds subject to call as
required by the charter.
Saginaw, Mieh.— Bond Election Proposed.-The Common
Council has before it a resolution calling an election for
March 22 to vote on the question of issuing $141,125 bonds
for a municipal light plant.
St. Fraacis Levee District Ark.— Bond O/ering.— Proposals will be received until 12 M March 25, by O. N. KUlough. President Lavee Board, No. 162 Randolph Building,
Memphis, Tenn., for $250,000 6i 30-40-year bonds authorlzaa
by an Act of the Arkansas Legislature approved Feb. 1,
1905.
Richard B. Barton is Secretary of the Board.
St. John?, Mich.— Descrption of Bonds.-We are advised
that the $1,882 93 Higham iStreet assessment bonds awarded
on Feb. 2 to E. L. Dooling (see V. 80, p. 1017) were taken by
that party at par. D t3 of bonds, Fab. 1, 1905. Interest, 6?,
payable annually. Maturity, one bond yearly on Ftb. 1,
$470 72 in 1906, $470 74 in 1907, $470 74 in 1908 and $470 73 in
district, it is stated,
&
&
&
&
,
See V. 80, p. 729.
Prospect, Ohio.— Bond
Q^ering— Proposals will be received
until 12 M.April 10, by Nell J. Gast, Village Clerk, for
$2,500 5i smallpox-debt-extension bonds. Denominations,
Date, March 1,
five bonds of $300 each ani one for $1,000.
Interest, semi-annual.
Maturity, one bond yearly on
1905.
March 1 from 1906 to 1911, incluslve-the |1,000 bond
maturing in 1911. Accrued interest to be paid by purof the amount
chaser. Certified check for 6 per cent
of bonds bid for, payable to the Treasurer of the village,
1909.
St. Johns
district, at a
St. Lonis, Mo.— Bond iJa^e.-On March 15 the $1,000,000
8}4% 20-year coupon gold renewal bonds described In V. 80,
p. 237, were awarded to the German Savings Institution of
St. Louis at an average price of 103 7817— a basis of about
Providence, R. I.- Bonds Proposed.—The City Council has
decided to ask the General Assembly for authority to issue
1150,000 bridge-repair bonds.
Paeblo, Colo.— -Bond Sale.— The City Couccil on March 9
voted to sell to WilUam Thatcher at 96 $100,000 of the $175,000 "Public Park Improvement District No. 1" bonds described in V, 78, p. 2402.
Redwood Falls (Minn.) School District.— Bonds Defeated,
—This district on Feb. 27 defeated a proposition to issue
Sault Ste. Marie, Mich.— Bonds Authorized.— The issuance of $15,000 1-5-year (serial) street-paving bonds at not
exceeding 6^ interest has laeen authorized.
Schenectady, N. Y. Bond Offering Bonds to be Taken by
Sinking Fttnd.— Olin S. Luflfman, City Comptroller, is advertising for sale at 11 A. M. March 29 an issue of $15,000 regis-
—
120,000 high- school bonds.
City of
LOANS,
Newark,
Eeservoir, Water
&
^*^!^^WJLOANS.
N.
J.,
FOURTH DAY OF MARCH,
RENEWAL BONOS.
THE TWENTY-
Nineteen Hundred
and Five, at hm office in the City Hall, City of
Newark, New Jersey, for the purchase of any or all
of three Issues of bonds of the Mayor and Common
Council of the City of Newark, New Jersey, as
follows:
$1,950,000 StoraRe Reservoir
Bonds dated April
2.
1,
Funded Debt Water Bonds dated May
1,
1905.
370,000 School Bonds dated April 1, 1906,
These boi<ds are tlftyyeur bonds bearing interest
at the rate of three and one-half per cent per annum
and will contain a clause giving the City of Newark
the option to pay the same at any tioje after forty
years from their date.
Circulars, giving conditio; s governing bids and
particulars rtspectiug the financial conditioLS of
the City, will be mailed upcn request.
March
U.
BACHELLER, Comptroller,
Room 6, City Hall, Newark, N.
J.
18, 1905.
New Eochelle,
S^WER BONDS.
City of
N. Y.,
Sealed proposals will be received by the ur.derslgned until
21, 1905, at tight o'clock P. M.,
for the purchase of all or any part ot Ninety-Seven
Thousand i>5i7,00'i) Dollarc Registered 4 per cent Sewer Constnr lion Bonds Series of 1 05 of said Cily, of
One Thousand ($1,00;) OolUrs each, d.ited Marcn 15,
1906, and maturing Seven Thousand (8,00) Dollars
on the Ilrs'. day of May, 1H08, ard Five Thousand
($5,' 01') l;o!lur« imuuhlly thereafter, Interest payable
semi-aunually May land November 1 of each year;
principal and iiilereet payable at ihe ollicc of the
Oltv Treasurer.
Each propo.val must be acct.mpjinieii by a certified
check ou an Incorporated bank or trust company In
the State of New York, for Two Thousand ($a,0 0)
Dollam, payable to the order of the Treasurer of the
City of ISew Rochelle.
Bonds will be engraved under the supervi-ion of
and certified as to their genuineness by the United
States Mortgage & TrnstCompany, and th(lr legality
approved by J. H.Caldwell, Esq., of New York ('ity,
whose opinion as to legality win bu furnished to the
MARCH
serveJ to reject any or all bids.
Dated. New Rochelle, N. V., Feb. 28, 1905.
CHAKLIS3 KAMMBRMEVBR,
City Clerk.
to be renewed:
Classes
Upon bonds bearing 3% per annum.
Upon bonds bearing 3h^ per annum.
A certiiled check, payable to the order of the Governor of Alabama, for five per cent of the amount
bid for must accompany each bid. For the bids that
are accepted, oiher secunt.v, approved by the Governor, may be substituted for the certified check.
The certified check accompanying rejected bids
will be returned, with notice of rejection. The 5%
of each accepted bid will, on failure of bidder to
comply with terits of his bid, be lorfoited to the
State.
The
entire
amount
^
^ ^ v.^
of each accepted bid, or so
Issued under authority of Chapter XCI laws of
1895 and Chapter 53 laws of 1902.
The Board of Chosen FreeholJersof the Connty of
Essex, New Jersey, invites proposals for the purchase of $500.ooo Essex County Park B. nds, in denomination of $1,000 each, interest coupons at 4 per
cent per acuum, payable February 1 and August 1,
princit aland interest payable in gold. Bonds payable August
1,
194 <.
The bonds will bear interest from February 1, 1906,
and the purcaaser must pay interest accrued to date
of delivery.
Sealed proposals will be received by the Finance
Committee of the B ard of Chosen Freeholders, at a
meeting to be held by said Committee, at the Freeholders' room in the Court House, at N e wark, N. J., on
THURSDAY, MARCH
2:-',
J90A, at 2 o'clock, P. M..
open for the reception of
Ench proposal rhali state
the amount of bid in words and figures, aud must be
accompanied by a certified check for f5,0i0, which
will be applicable on account of purchase money of
bonds, and forfeited by successful bidoer who afterwards fails to take the bonds. Copies of proceedings
which meeting
will remain
proposals u^itil i:30 P. M.
much as may remain unpaid, must be paid in lawful
moceyof the United States or in lieu thereof an
equal nm nnl of Alabama bonds which are being will be furnished to successful bidders, but proposals
be uncondi.ional.
relunded- sixty days before the maturity of the must
The Finance Committee reserves the right to reject
present, bonds, into such depository as m^y be
designated by the Governor, or iu lieu of the above
d»signutcd payment, such guaranty as the Governor
may approve.
^ ^ ...^^
The Stale will exchange with accepted bidders,
any time after acccpiance of bid, new for old bond
credit leing given the bidder for diUerence in inter
est to date of maturity of old bonds. No bid offer
ing less than par will be considered. Tne State reserves the right to retire present bonds to an
amount not excetding $iiOO,000 Bids will be received at the Governor's Office at Montgomery until
!/ O'clock M., APKII. 4, 190S, (ind will be opened immediately. Notice cf acceptance or rejection will be
given each bidder by letter mailed in Montgomery
not later than April 19, 1906. Envelopes coniaiuuw
bids must be addressed to the Governor ot Alabama, i.nd have conspicuously written thereon
"Bids for Renewal Bonds, State of Alabama.'" '1 he
Slate reserves the right to ?eject any and all bids.
Forfuriheriufoimallon, apply to the G-^vernor of
R. M.
Alabama.
Lleuten
CUNNINGHAM.
mt and Acting Governor.
MUNICIPAL AND
PUBLIC FEANCHISE CORPORATION
BONOS
any and all proposal?, if, in its judgment the tnierest
of the County requires such action.
The bonds will be ready for delivery on April 6,
190J.
By order of
FINANCE rOMMITTEE,
Amos W. Harrison. Chairman.
H. M. ByUesby
& Co.,
INCORPORATED.
ENGINEERS.
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
HYDRAULIC PLANTS.
Examinations and Reports.
Boueht aud Sold.
W.
J.
HAYES & SONS,
UL.JEVEL.ANJD.
OUIO.
B OHTON.
H. C. Speer
Life Buildino',
CHICAGO,
ILL.
BALLANTYNE & EVANS,
& Company
ENGINEERS,
Chicago.
Exa:ninations and Reports on Physical and
Operating Values of Manufacturing
169 La Salle
COUNTY
AND TOWNSHIP
CITY
New York
M ABM.
Eatabllshed 1N83.
purclia»< r.
No bid of less
than par value of the bonds will be
considered. Bidders must une the printed form of
proposal furnlsned by the uiidorslgned
Accrued
Interest to bo paid by the purchaser, and delivery
will bo made at the olllce of the City Treasurer in
New Rochelle on .March ZH. 1905. Tue right is re-
PARK BONDS.
A aod
B, aggregating $7,i37.>' 00. maturing July 1st, 1906; Class C, ag1908.
gregating 896tJ.0(;0. maturing Jan. Ist,
Character of Bond: Fifty-ytar gold bonds, in denominations of either $100, $S00 or $1,000, said bonds
to be coupon or registered, at option of bidder; interest payable semi-annually in Montgomery, Ala
bama, or New York City State of New York Bids
for entire issue, or any part thereof, not less than
for $100, are invited upon following terms:
Bonds
1.
1905.
J.
Sg^OOjOOO
SS,403,600
STATE OF ALABAMA ESSEXCOUNTY,N.J.,
School Bonds.
Pealed proposals will be received by the Comptroller ot the City of Newark, New Jersey, uniil
three o'clock P.M., on FKIDAY.
500,000
(Ohio) School District.- Bonds Fofed.—This
special election held recently, voted to issue
$3,000 school-building bonds.
required.
NEW
[Vol. lxxx.
St.,
BONDS.
Properties.
22
PINK SXKKKT,
NEW YORK.
Mae.
THE CHRONICLE.
18, 1905.]
tered school bonds. Accordicg to the advertisement, it is the
intention of the City Comptroller to purchase these bonds at
par as i,n investment of the Wattr D3bt Sinking Fund. Danomiratlon, |1,000. Date, April 1,1905, Interest semi annnally at the c fiice of the City Treasurer. Maturity, $3/ 03
yearly on April 1 from 1911 to 1915, inalusive. Bonds are
authorized by Section 96, Chapter 871, Laws of 1903.
Si-atUe, Wash.— JBonct Sale.—Oa March 10 the |350,000
light-plant and the $175,000 building bonds described in V.
Co. of Chicago
80, p. 669, were awarded to N. W. Halsey
at 103'62 for i% straight 20-year bonds.
Ssiringfield, Ohio.— Bend Election.— The City Council, it
is stated in local papers, has decided to submit the q iestion
of issuing sewer bonds to a vole of the people.
Bonds Authorized.— Tbe City Council has authorized the
issuance of $28,000 hospital bonds.
StOBfi^ille, iSsit.—D(hiniure Sale,—Oa March 1 the $4,GC0
i% cement-walk debentuies described in V. 80, p. 889, weie
awarded to
C. Breat of Toronto for $3,874 and ioterest.
Following are the bida
13,874 00 Dominion S eo. Corporation *$ <,832 00
Wm. C. Brent, Toronto
H. 0'Hara& Co., Toronto....* 3,S68 00| G. A.Stimson&Co.,TorOQto. 3,876 00
&
1137
issuing $80,000 bonds to purchase water or steam power to
operate the water-works and electric-light plant.
Topeka, Kan.—-Bowd Salis.—Oa Mar. 6 the tSO.OJO 5% general improvement bonds described in V. 80, p. 613, were
awarded to Farson, Leach & Co. of Chicago at 102-587 and
interest and the $55,000 5% general improvement bonds described in V. 80, p. 889, were disposed cf to the Slate Savings
B'lnk of Topeka at 101'60 and interest. IToUowicg are the
bids:
$80,000 Issue.
$S2,030 00
FarsoD, Leach &Co,. Chicago
StateSavings Banls. Topeka
Knights & Ladies of Stscurity, Topeka
A. L.Rich Co., Chicago
?55,000 Issue.
|56,91300
58,10000
Sl.ecOCO
81,000 0L»
80.825 00
H. C. 8peer& Co., Chicago....
Spitzer&Co., Toledo
80,?2800
Water-works lurned Cver
to City.-
Oa March
11 the plant
And accrued interest.
Stroud, Okl&— Bonds Defeated,— This place on March 7
voted against a proposition to issue $28,C00 water-works
Topeka Water Co. was turned over to the city on
the terms and conditions contained in the propositions passed
upon by the peopJe at the election held in April, 1903. Tue
city in payment of the plant turaed over to C.'.F. Street
of Street, Wykes & Co. of New York City $350,000 in i%
bonds of Topeka and assumes $27O,0CO 5i outstanding bonds
of the company.
Bond Election. The City Council has ordered an election
April 4 to vote on the question of issuing 130,000 bonds in aid
of the Topeka Eskridge & Council Grove Interurban RR,
bonds.
Tallapoosa,
Triompli, Minn.— Bond Election.— It is reported that this
place will vote on the question of issuing bonds for the im-
Wm.
:
.
1
.
Election Not He-d—We are informed that, cwing to an error in the publication of the cal),
the election which was to have been held oa Feb. 14 to vote
on the issuance of $10,000 electric-light- plant and $10,000
building and sewer bonds was postponed until the City
Council fates further action.
Thief RiTer Falls, Minis.— Bonds Fofed.—This city on
Feb. 28, by a vote cf 381 to 16, authorized the isauanoa of
$28,0C0 5% 20-year water- works and sewerage bonds. Djnominalion, $500. Date, Apiil 15, 1905. Interest eemi annuBonded
ally at some bank to be designated by purchaser.
debt, includiDg this issue, $43,000. Assessed valuation 1904,
$534,641 real value estimated at $3,500,000. D ^te of sale not
yet determined.
Three Rlrers, Mfch.— Bond Election. —It is stated that an
election will be h-^ld in this city to voie on the question of
6a.— Bond
;
INVESTMEi
of the
—
provement
c
f streets.
—
Tacson, Ariz. Bond Election, The Finance Committee
of the City Council recommends that steps be taken to issue
?2 50,000 5% (or lees) 5') year bonds for the following improvements: For retirement of floating debt for water improvements; for oiling streets; for fire department building, etc.;
for pirk Improvements; for city hall and jail; for eewers and
for the beautifying of cemeteries.
The City Council has
adopted the report of the Finance Committee, and it is stated
the proposition is to be submitted for popular approval at a
special election to be held March 20. If the vote is favorable,
Congress will then be asked to grant authority to issue the
bonds.
Unicn Co. (P. 0. New Albany), Miss.— Bond Offering.—
Proposals will be received unMl April 10 by John W. Pan;
IVESTMES^TS.
-.MEBTMEHTh.
ERVIN & COMPANY, Rudolph Kieybolte&Go. City
BANKERS,
BANKERS,
_,
DBALEBS IK
New York
Stock Exchange,
^
-,
.
,
_,
Pniladelphia Stock Exchange.
(
(
,
Members ^j.-,.,
,
,
BONDS FOR
43 Exchange Place,
New York.
,
'
.
INVESTMENT.
RAILROAD
STREET RAILWAY
SVlUNtCIPAL,
BONDSc
PINE STREET, NEW
Drexel Building,
Fhiladelphia,
27-29
Interest Paid on Daily
R.
L.
DAY &
CO.,
86 Congress Street,
BOSTON.
8 Nassau Street,
Public
HIGH GRAD
DeBTer.
BONDS.
BOSTON,
60 State
&
Street.
Co.,
BONDS.
La
Salle Street, Chicago.
Blodgetj Merritt
&
Co.,
BANKERS,
16
36
5 Nassau Street)
New
Yori(.
& Burr,
DAkir%<&
oVWU», INVESTMENT BONDS
CORPORATION
Congress Street, Boston.
NASSAU STREET, MEW YORK.
STATE, CITY k BAILSOAD B0ND8.
t:Mf.CAG©,
ILLiS.
•
Perry, Coffin
80 State Street,
172 Washingftott Street,
MU met PAL AMD CORPORATION
171
Interstate Securities Co,
POTTER,
stiver Co.
iiAUNICePAL and
MacDonald, McOoy
Bond Department
Saa Franeis^o
Chicago.
T. B.
MUNICIPAL AND PUBLIC SERVICE
CHICAGO,
Bank Bldg.
gations of the City of
BOSTON.
KAIJLROA'J* J^ECURITIES.
1st Nat.
Direct and Primary Obli-
Prices and Particulars
on Application.
ROLLSNS & SONS,
exchanges.
Trowbridge Jc
The
Mobile.
BONDS.
E. H.
C:upon Paving Bonds.
Tinr.e Deposits.
OorporatioE
Service
NEW YORK
STATE, MUNICIPAl., AND
YORK.
AMD
MEMBERS
york akd boston
stock:
and
and
MUNiCIPAL
BANKERS,
new
of Mobile^ Ala*;
LIST ON APPL.ICATIOW.
BOSTON.
R R. FULTON & CO.,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
INVESTMENT BONDS.
9END FOR
NEW YORK
CITY
396 and 35^%
TAX EXEMPT BONDS.
LIST.
DENISON, PRIOR ^ OO T.W.STEPHENS &
CLEVELAND.
BOSTON.
2 Wall Street,
CO.,
New York
THE CHRONICLE.
1138
County Treasurer, for $10,000 Q% 5-20-year (optional) jail
bonds. Dencmination, |500.
Vail jo, CuL— Bonds Voted.— An election was heia on Feb.
27 to Vote on the i!?suanc5e of |90,0n0 5% 1-20-year (serial)
Denomination, $5'0. The
water-system-extension bonds.
vote was 594 in favor of and 125 against the proposition.
Dite of sale rot determined.
Van Wert (Ohio) Union Scho- 1 District.- Bond Sale.—
On March 9 the |35,000
bonds described in V. 80, p. 1018,
were awarded to George H. Marsh at lC0'84~a basis of
abcut 3'9C^, Following are the bids
nell,
H
Geo. H. Marsh
t35,?94 00 Feder.Holzman & Co..Cln...|35,005 00
N. W.Harris A Co.. Ohio
85,0fl& 00 Hayden, Miller & Co., Cleve
35.00000
Reasonsiood & Mayer, CIncln. .S6,i 51 75 W. B. Todd & Co. (less $7C0
Par
R. Kleybolte & Co.,Cincln... 36,0:s2oo| discount)
I
|
Violet T( wnship School District, Fairfield County, Ohio.
— Bonds
Not Aioarded.- Owing to an error in the proceedings the $10 0.0 6% 110 year (serial) bonds advertised to be
March 6 were not awarded. Fourteen bids in all were
rectivfcd for the bond?, the mistake not having been discovered until two days before the sale. The bonds will be readvertised after the error has Ve^n rectified.
Wilthi.m, Muss.— Temporary Loan.— This city has borrowtd $75,C00 for nine moLths at 3'89;J discount in anticipation of the collection of taxef?.
West Allis &nd Town of GtreeL field Joint School District
No. 5, Mi.wanfeee County, Wis.— Bond Ofering.— Propopa's
will be received un il 7:3C p. m., March 28, by Fred. W. Henderson, Clerk, for $30,00(' 5% bonds. Aulhorifcy, election held
March 4, 1905. Interest annually on Feb. 1. Maturity,
53 000 yearly on Feb 1 from 1907 to 1916, inclusive.
Westmoreland County (P. 0. Greenabuirg), Pa.— Fonds
iVofSoid.— The following bids, all of which were rejected,
were received March 1 for *he $l,rOD,000 4^ 'coupon courthouse be nds described in V. 80, p. 670 :
Premium
Prtmium.
Grabam & Co.. Phila
»t3l,0C0 0O W. J Hayes & Sons, Cleve.,
!-'l.»Hl On
«. W. UarrlB & Co.. N. T
Lamprecht Bros. & Co.,
sold
20. too CO
Pittsburgh Trust Co
B. Kleybolteifc <;n..ClD."in... 18,877 EO
W. Halsey &
N.
Co., N,
Y
<
and
Hubn
Bros,,
$20,210 00
Guaranty Trust Co., N. Y.... 10,e50 00
00
16,70(j
leve.,
New York
Provided bocds be made tax-exempt.
Wilnii'^gton(Ohi! ) 8 hool District.— Bonds Voted.— Thia
district on March 1 vo'td to issn-^ $20,000 school hous* bonds.
*
[YOL. LXXX.
Woodstock, Out.- D.benf lire Offering .—PropoBala will be
received until 12 M., March 21, by John Morrison, City Clerk,
for 125,751 71 4V^« 20-year debentures.
Worcester, Mass.- Temporary Loan.— A. $100,000 temporary loan in anticipation of the collection cf taxes was recently awarded to Goldman, Sachs & Co. of New York at
3 24^ discount and a premium of |7 50. Following are the
bids
Goldman, Sachs &
Co., ($7 50
premlntu)
Lorlng,
3*24^
Tolman & Tupper
I
Geo. A. Mlxter («1 50 premium)
Rrown
\
(25c.
3"34<
premium).
H. W. Pror & Co. ($1 premium) 3-4' %
Bond & Goodwin, B 'Ston
3':i0t
Bros.
&
Co.,
Boston
3-48J5
3*50j
Edgerly & Crocker, Boston
Blake Bros. & Co., Boston
3-52J
Kountze Bros.,
3'75)t
.S-50%
New York
Ssjhool District. - Bonds Voted—
Offering. —IhQ tl?ction Feb. 24 re;ulted in a vote of
165 to 124 being cast in favor of the issuance of the $'0,000 i.%
coupon school bonds mentioned in V. 80, p. 670. Proposals
for these bonds will be received until 7:30 P.M.March ro,
by Clyde Baxter, Secretary Board of Education. Danomition, |l,000.
Date, April 1, 1905. Interest s mi-annually at
the Wyandotte Ss-vings Bauk. Maturity, April 1, 1935. Cert fied check for |1,C00 rf quired.
Wj/andoite (Mich.J
Bond
Yakima County (Wash.) School District No. 76,— Bond
On March 4 an issue of |3,000 1-20-year (optiona')
bonds of this district was awarded to the State of Washing!:ale,~
ton at par for
i
y^ per cents.
Yfz o-M^siiSi-ippi Delta Levee District, TAXi^,— Bond Sale,
-Of 'ihe $450,(03 4^ non-tsxable coupon bonds offered on
March 7, $355,000 were awarded at par and interest, the turchasers to furnish blank bonds. See V. 80, p. 890, for description of bonds.
Yellow Springs, Greene Coisnty, Ohio.— Bond Offering,—
byC H,
Propo(=al8 will be received until 12 M,, April 1,
Ellis, VilJfJge Clerk, f r |13,225 32 bonds as follows
$8,T08 22 6% 1-10-year (serial) bonds for sidewalks, gutters, curbs,
<
:
etc.,
1, 1906.
Denomination, $S70 82.
ic-je-ir (serial) bonds for sidewalks, gutters, cuibs, etc.,
April 1, WOh. r^enominailon, $51ii 20.
1,894 82 f% 1-10-year (serial) bonds for sidewalks, gutters, curbs, etc.,
Ajjril 1, 1H06. Dtncjmlnation, $139 48.
dated
Ap.il
2,122 08 5%
J
dated
dated
Interest, semi-annual.
Binds wdI be issued in smaller deDorairatioEs (but not leas than $100) thsn those given, if desired by purchaser.
Accrued Jnterpst to be paid by purchaser. Oi'rtified check for 23^5f of the bonds bid for, payable to the TreRSurer of the village, r^qaired.
TRUST COMPANIES.
TRUST COMPANIES.
Capital and C{
Surplus
$3,500,009
Si.r
andTRUST company
$12,000,000
00
146 Broadway, New York.
175 Remsen Street, Brooklyn.
JTfrB Branch, 198 Montague St., Br'klyn.
Exam !nes & guarantees Seal Estate Titles,
Trust
Loans Money on Hand and HLorfgage.
Furnishes Jlortgages to Investors,
Secelves Deposits subject
to check,
allowing
Interest,
Does
all
Trust
Company
business,
TRUSTEES:
John Jacob Astor,
Edgar
Charles S. Brown,
Julien T. Davies,
William J. Easton,
Charles R. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. Ingraham,
Augustus D. Juilllard,
Marston,
"
Matheson,
Charles Matlaok,
WiUiam H. Nichols,
James H. Ollphant,
Robert Olyphant,
Alexander E. Orr,
Charles A. Peabody,
Frederick Potter,
Charles Richardson,
Martin Joost,
EUhu
John
Sanford H. Steele,
Edward
S.
Kennedy,
The modem
Xt.
WilUam
T. Bedford,
'
J.
every class of income
Root,
steel-plate effect.
the cheauer kind, partly lithoKraphed and partly
printed from type. 100 Stock CertlUcates, $8 to
t3S: the latter engraved with steel-plate borders
—eieRant. Seal Press, If with Certiflcates, $1 50.
B. KING & CO., 112 WilUam St., N.Y,
EhiKravers and LlttaoKraphers.
(Telephone.)
appointment of court.
and
will
it
at
your death
it
will administer
lifetime
your
and
property and
dividends, coupons
pay taxes and insurance,
During your
it
sell
It is authorized
it
by law
under will or
will act as
your agent,
estate.
13 Nassau Street, Equitable Building.
HFHITINO^S PAPERS.
The American Mfq.Co
MANILA SISAL AND JUTE
ALBEET
Adrian H. Muller
& Son
AUCTIONEERS,
Regular Weekly Sales
CORDAGE.
65
Wall
Street,
and
New York
For BuHlneaa Correapondenoe.
R. A. Lancaster
OF
OlBce
;
securities;
Secretary.
Mgr. Mfgrs' Bnuich.
BONDS
sfSSK CERTIFICATES
Ilandsomely eneraved;
Also
STOCKS
of financial
cheque, and
to
your
to act as executor, administrator, guardian, or trustee
CLEVELAND,
SNIFFEN.
will safeguard
undertake the care and management of estates.
CI^INTON D. BURDICK, 3d VIce-PrM.
L.
it
will collect bonds, rents, mortgages, interest,
EDWARD Manager
O. STANLEY, 2d Ylco-Presldent.
Banking Department.
FRANK
your deposit account, subject
allow you a fair rate of interest;
FRANK BALLEY, VIce-Fresident.
WRAY
It will accept
business.
Woodbury Langdon,
Ellis D. Wllllame,
James D. Lynch,
Louis Windmuller.
CLARENCE H. KELSEY, President.
J.
company embraces every function
trust
'
&
Sons.
BANKERS,
BONDS
EYERY WEDNESDAY.
No. 55 WILLIAM STRBET
Corner Pine Street.
NO. 10 WALL STREET,
NE\1^ YORK,
I)BALKR8 IN
INVESTMENT
and
for letter written with rour own hand, or
by the typewriter, are UNBQUALKD. Their quality
\t nssared and they have won hiKhest honort at all
the (treat World's Falra. For high grade wrltlnji
papers of all kinds, for bond papers, and f or ledxer
papers, Insist on haviUK them made by the
Whether
MISCELLANEOCJ
WHITING PAPER COMPANY,
nOLYOKE. MA8H.
SECURITIES.
Southern Securities a Speclal&n
New
York.
Philadelphia.
Chicao^o.
@FedFRASER