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Bank and Quotation
State and City Section (semi-Annually)
Section (Monthly)
Section (^J^)
Street Railway
Librarian of Congress, v\ aslnngton, D. u
Railway and Industrial Section (Quarterly)
Entered according to Act of Congress in the year 1907,by William B. Dana Company, In Office of
A weekly newspaper entered at Post Office, New York, as second-class matter—William B. Dana Company,
^financial.
2fimmcmL
fPirauciitl.
FISK & ROBINSON
AMERICAN BANK
NOTE COMPANY
78 to 86 Trinity Place. New York
Business Founded ITS5.
Engravers
Reorganized 1819
&
BANK NOTES, SHARE
Printers
CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETC., WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING # LITHOGRAPHIC
AND TYPE PRINTING & RAILWAY
IMPROVED'STYLES
TICKETS OF
W-ARitKN L. GREEN,
President
D. E. WoODilULL, Vice-President
Joseph Fleming, Vice-President
Chas. L. Lee, ....
Treasurer
Frank K. Johnson, Secretary
Government Bonds
Investment Securities
BOSTON
NEW YORK
BANK,
Capital, Surplu* and Undivided Profits,
.>3,100,000.
FKKD’K B. SCHENCK. President.
D. G. RETD,
CHARLES n. -TOUT
Vice- President.
Vice-President.
JAnES
V. LoTT
CHARLES VV. Hi ECKS,
Cashier.
2d Vice-President.
FRED’K P. McGLYNN
HENRY P. DA VISON,
Asst. Cashier.
Chairman Exec. Cora.
DIRECTORS:
E. C. Converse,
T. A. Gillespie.
Henry C. Tinker
F. L. Hine,
C.
E. F.
Young.
Geo. F. Baker,
The National Park Bank
of New York.
ORGANIZED
l&5t5.
..$3,000,000 00
Capital
Surplus and Profits
H.‘J13,704 90
Deposits Jan. 20, 1907.... 94,024,228 99
Harvey ST.,
Fisk NEW
& Sons,
YORK
62 CEDAR
-
JOHN C.
VAN CLEAF,
Government, Railroad and
Municipal Bonds,
VICE-PRESIDENT.
usd
MAC RICE H. EWER,
CASHIER.
O.
-
Bankers and Dealers In
JOHN C. McKEON.
VICE-PRESIDENT.
VICE-PRESIDENT.
WILLIAM
H. P. Davison.
Arthur F. Luke,
J. Rogers MaxwelL
Ambrose Monell.
Fred’k B. Schenck.
Daniel G. Reid
Charles A. Moore,
Charles H. Warren.
Frederick G. Bourne.
Charles H. Stout.
DEL A FIELD.
GILBERT G. THORNE.
TRUSTEES:
T. IT. Fhekla:-D. Chairman of the Rourd
Edmund C. Con verso
Francis L. Pitts
Andrew V. Stout
Warrtn L. Green
Phineas C. Lonnsbury
A. Jaretzki
NATIONAL
NEW YORK.
PRESIDENT.
OFFICERS:
THE LIBERTY
BANKERS
RICHARD
•
NO. 2178.
MARCH 23 1907.
NEW YORK
VOL. 84.
Publishers, 76^ Pine St. N. Y.
WILLIAM
JONES.
A. MAIN
ASST. CASHIER.
ASST. CASHIER.
FRED’K O. FOXCROFT ASST. CASHIER.
other
INVESTMENT SECURITIES.
Philadelphia, represented by
James h Chapman, 421 Chestnut St.
Chicago, represented by D. K. Drake,
Continental National
Lana Building.
Our list of Investment Securities sent on
application.
CHARTERED 1810.
Members or Richmond and Baltimore Stock
Lxcnanges.
NATIONAL
MECHANICS’
John L. Williams & Sons,
BANK.
BANKERS,
33
Edward B. Smith & Co.
•
Wall Street.
BANKERS
Corner 9tli and Main Streets,
Capital,
ItlCIIMOND, VA.
Baltimore Correspondents:
Middendobf, Williams & Co
Direct private telegrupn ami
to New York.
Surplus,
-
$3,000,000
-
-
-
3,000,000
-
Streets,
BALTIIKOEIE, MD.
Welsh,
MUNICIPAL
RAILROAD AND OTHER
THE
PHILADELPHIA.
328 CHESTNUT STREET,
Cap,&Surp., $9,436,000 Deposits, $63,345,000
A. B.
HEPBURN, President
E. J.8TALKER,Cashier
GARFIELD NATIONAL
BANK,
Directors:
23d Street and Sixth Ave,,
Henry W.Cannon. Chairman. James J. ntil
Oliver H, Payne George F. Baker John I. Waterbary
Grant B. schley
A. Barton Hepburn
Albert H. Wiggin
George F. Baker Jr.
New York.
THE
E<*UIPMEMT OF TIIE
FOURTH
NATIONAE
BANK
OF THE CITY OF NEW YORK.
Capital
Surplus
—
IS
ESPECIAEEY
ARRANGED FOR HANDLING
GALLATIN
NATIONAL BANK
OF THE CITY OF NEW YORK
Capital ----Surplus A Profits (earned)
-
-
1 000 000
2,300,000
OFFICERS
Samuel Woolverton,
Founoed in 1784.
THIS
t
George E. Lewis, Cashier
Howell T. Manson, Assistant Cashier
BANK OF NEW YORK
Mationat
Banking Association.
ACCOUNTS INVITED.
President
Vice-President
Alexander H. Stevens,
DIRECTORS
ADRIAN ISELIN
Jk.
Frederic W. Stevens
ALEXANDER
MERCANTILE ACCOUNT*
$1,000,000
SI.000 000
—CORNER NASSAU AND PINE
STREETS
ORIGINAL CHARTER .829.
BONDS.
Clearing House Building
A. II.WIGGIN.Vice-Pres.
Philadelphia.
INVESTMENTS.
Richmond Correspondents:
John L. Williams A Son.
Chase National Bank
Exchanges.
511 Chestnut Street
New York.
Middendorf,Williams Sc Co., Francis Ralston
Corner North & Fayette
Members New York and Phila. Stock
7 Wall Street,
telephone wires
BANKERS,
INVESTMENT SECURITIES
H. STEVEN8
W. FMULN liOOftETKL*
CHAA A. PkABODT
Samuel'Wool vektoj
CHARLES tL TWEED
Thomas Dkxxt Jk,
[Vol.
THE CHRONICLE.
II
Lxxxrv,
Hankers atrtl ^Tamers of ffureigti HaecTratige.
T.
Morgan 6c Co., Maitland,Coppell & Co.,
P.
WILLIAM
52
WALL STREET CORNER BROAD,
NEW YORK.
NEW YOKE.
Morgan, Harjes&Co.
Drexel k Co.,
Cor.of5th AChestnutSts. 31 Boulevard llaugsmann,
DOMESTIC AND
JoRElCN
Bills of
ATTORNEYS AND AGENTS Of
-
BOSTON.
BAIN KERS.
of Credit,
(Jnton of London A Smiths Bank, Limited,
London,
E0RE1GN EXCHANGE.
Banco Nnclonni de Mexico
or
And its Branches.
LETTERS 01 CREDIT.
British
Agents for the Bank of Australasia, the
Guiana Bank, Demerara, etc., etc.
LONDON.
INVESTMENT SECURITIES.
Dleisrs. Mallet Freres & Cle., Paris,
CO.,
-
STREET,
ox
BANKERS.
Iflesirs. J. S. MORGAN Sc
115 DEVONSHIRE
Exchange, Telegraphic Transfers^
Betters
Deposit# received subject to Draft,
Securities
bought and sold on Commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Betters for Travelers
available In all parts of the world.
No. 22 OLD BKOAD STREET.
Kidder, Peabody & Co.,
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
PARIS.
PHILADELPHIA.
STREET,
TRAVELERS*
LETTERS
OF
CREDIT
Available throughout the United States.
Brown Brothers &
PftlLA.
NEW YORK,
Co,
BOSTON.
59 Wall 8c.
AT.KX.
August Belmont & Co.,
BANKERS,
Mems. N. Y„ PhiUu, Boston & Baltimore
Bur and sell first-dans Investment Securities on com■ttisslon.
Receive accounts
©f Banks, Bankers,
Agents and Correspondents
St’fr Exch’a.
r
.
.
Corpora-
FOR
no
tlons. Firms and individuals
OGClUrXltio.
on favorable terms.
Collect
drafts drawn abroad on all points in the United
States and Canada; and drafts drawn tn the United
States on foreign countries, including South Africa
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT
T
T pro
Buy and sell Bills of Exchange
jjoitvio
and mate cable transfers on
all
lpoints. Issue Commercial and
OX Urecllt. Travelers’ Credits, available In
all parts of the world.
of the
Issue Letters of Credit to Travelers
Available in anv Part of the World.
ROTHSCHILD,
London, Paria and Vienna.
ISSUE LETTERS OF CREDIT
Messrs.
1 TIVfiStilTlftrit
DRAW
TRAVELERS.
OF EXCHANGE AND MAKE
TRANSFERS OF MONEY TO
BILLS
TELEGRAPHIC
Available In all parts of the world.
Exchange and uiuke Telegraphic
Draw Bills of
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
Transfers to EUROPE,
Buy and Sell Investment Securities.
Cuba,
the other West Indies,
Mexico and California.
Execute orders for the purchase and sale
Investment Securities.
AGENTS AND CORRESPONDENTS OF
of
_X
BROWN, SHIPLEY & CO., LONDON.
BANKERS,
Street, Neiv York,
No. 21 Broad
No. 23 NASSAU STEET,
BROWN & SONS, BALTIMORE!.
CONNECTED BY PRIVATE WIRE.
J. & W. Seligman & Co.,
Seligman Brothers, London.
Seligman Freres Sc Cle., Paris.
A Is berg,
Cuyler, Morgan & Co.,
44 Pine
New
Street,
Goldberg Sc Co., Amsterdam.
Aiiglo-CalllornlanBk.,Lt.,SanFra ncisco
York.
BANKERS
TAILERiCD
INVESTMENT
MEMBERS OF
SECURITIES.
NEW YOKE
•
HRedmoiuMo.
vl'OCK EXCHANGE.
27 Pine Street, New York
&
KESSLER
BANKERS
WALL
SEC UNITIES
Winslow, Lanier & Co.,
NEW
YORK.
HigluGrade Investment
Securities
Letters of Credit
TRAVELERS
CREDITS, BUY AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
COMMERCIAL
AND
lor Travelers.
Philadelphia
AGENTS FOR CORPORATIONS.
STREET.
33 Pine
Heidelbach, Ickelheimer & Co..
YORK,
-
Deposits Received Subject to Draft. Interest
Deposits. Securities
Bought and Sold on
37
MEMBERS N. Y. STOCK EXCHANGE.
Execute orders for purchase and
Stocks and Bonds.
sale of
GRAHAM
Foreign Exchange Bought and Sold.
Foreign Exchange, Letters of Credit.
Issue Commercial and Travelers- Credits
available in all parts of the world.
Kean,VanCortlandt&Co
Schulz &
Ruckgaber,
BANKERS,
11 William Street, -
BANKERS,
New York.
Exchange.
Correspondents of Messrs.
Members New fork Htoch
80 PINE STREET, NEW YORK.
Gene al
Foreign ana Domestic
Banking Business.
& CO.,
BANKERS.
No. 435 Chestnut Street,
PHILADELPHIA.
Members Philadelphia Stock Exchange.
SECURITIES BOUGHT AND SOLD
ON COMMISSION.
Deposits received subject to Draft.
Dealers in High-Grade
INVESTMENT SECURITIES.
Fruhling & Uoscben. London,
Joh, Bercnberg. dossier & Co., Hamburg.
a
St., New York
William Street,
on
Commission,
Transact
507 Chcstunt St.
BANKERS.
BANKERS.
Allowed
NEW
Buy and Sell Bills of Exchange and
Cable Trauslers on all the
Principal European Cities.
ISSUE
CEDAR
STREET,
Members of the N. Y. Stock Exchange.
INVESTMENT
59
Hankers
BANKERS.
54
x
Foreign & Domestic
CO..
Issue Letters of Credit and
Far Is.
Bremer Bonn. Fillaie Dresdner Bank, Bremen,
issue Commercial & Travelers Credits
Buy and Sell Bills of Exchange.
Cable Transfers and Investment Securities
Traveler's Cheques.
Marcuard &. Co..
List o! current offerings sent on
plication.
Dealers in Investment Securities.
LawrenceT urnure&Co. MOSLE
John Munroe &York.
Co.,
No. 30 Pino
Street, New
Boston.
No. 4 Post Office Square,
lane Circular Letters of Credit for Travelers’ Use
Abroad Against Cash or Satisfactory
Guaranty of Repayment.
Exchange
on London, Paris,
Zurich and St. Gall.
Berlin,
Credits Opened and Payments Made by Cable
Paris Uome-MJNltOE A CO.
Bankers,
50
HankersLondon
Bank, Limited.
Paris Bankers:—ilelne A to.
J olul-iMocli
PLACE,
NEW YORK.
Wall Street, New York.
Deposits received* subject to draft. Interest al¬
lowed on deposits. Securities bought and sold on
commission. Travellers credits available through¬
out the United States. Cuba. Puerto Rico, Mexico,
Central America and Spam. Make collections in and
Issue drafts and cable transfers on noove countries
London
BROTHERS,
16 <fe 18 EXCHANGE
COMMERCIAL CREDITS,
FOREIGN EXCHANGE.
_
/
ATTORNEYS AND AGENTS OF
MESSRS. KONIC BROTHERS-Bankers
LONDON.
Mae. 23 1907.
THE CHRONTCLE.
jankers.
hi
gaukers.
fBankets*
Wm, A.’Read &lCo,
BANKERS.
Millett, Roe & Hagen,
BANKERS
Lee, Higginson & Co.,
Investment Securities.
44 State Street. BOSTON,
H Broad
Street,
New York,
Dealers in
CHICAGO OFFICE.
25
NASSAU
NEW
The Rookery.
43 State St.
STREET,
203 E. German St-
BOSTON.
HIGH-GRADE BONDS
YORK,
205 La Salle St.
BALTIMORE.
CHICAGO.
Members New York and Boston
Stock
Plympton .Gardiner & Co.
Members
New
Boston.
LiSlb ON
4G
WALL
ST., NEW
DEALERS IN
High-Grade Bonds
Investments
Investment Securities.
Geo. P. Butler & Bro.
BANKERS
Safety Deposit Vaults lor Use of Customers.
KEQUEM.
c
^c"an<‘e-
Representatives of the Illinois Tunnel
Company.
Financial Representatives of the Automatic
Electric
N.W. HARRIS & CO.
Fine Street. Corner William
Railroad and other
Chicago block Exchange.
Financial
BANKERS
Exchange
VOUK,
Member.V°rk
NEW
Members N. Y. Stock
CO.,
AND
Conservative
Boston, 10 Post Office Square.
BANKERS
New York
Chicago.
Exchange,
Exchanges.
J. B. RUSSELL &
York Stock Exchange.
27 William St.,
Members ifew York Stock
Investment Securities
Company.
BRANCH OFFICES:
CHICAGO, ILL.
CARBONDALE, PA.
WILKES BARRE, PA.
READING, PA.
SCRANTON, PA.
DA YTON, OHIO.
BINGHAMTON. N. Y.
YORK.
35 Wall Street
NEIV YOKK
Receive deposits subject to check
and
allow
Act
as
interest
on
balances.
fiscal
agents for munici¬
palities and corporations. Issue
letters
of credit and
deal in
BONDS FOR INVESTMENT
Goldman, Sachs & Co.,
BANKERS
EXCHANGE
43
Members ol
PLACE,
NEW
New York Stock
YORK.
Kissel, Kinnicutt & Co,
1 Nassau
Exchange.
Street,
BANKERS
Buy and Sell Foreign Exchange.
CABLE
Wall, New York,
Foreign and Domestic
Execute orders tor purchase and
sale of
Stocks and Bonds.
LIST ON APPLICATION
cor.
BILLS OF EXCHANGE
AliDRKc*- -“COLDNESS."
CABLE TRANSFERS
Blake Brothers & Co:,
50
Exchange Place,
BOSTON.
Dealers in
-
Letters of
YORK
POINTS
of the world.
DEALERS IN
Investment Securities
and Commercial
INVESTMENT SECURITIES
Paper
CITY
and other
MUNICIPAL BONDS.
Commercial Paper.
Investment Securities.
Member? New York <fc .boston Stock
Exchanges.
H. B. HOLLINS & CO. N. W. HALSEY & CO.,
Cor. of Wall and Broad Sts., New York,
Draw Bills ol
Exchange and make
Europe, Asia, Aus¬
tralia, the West Indies, Central and
Cable Transfers to
Soutn America and Mexico.
Rudolph Kleybolte& Co.
BANKERS.
Issue Letters ot Credit lor Travelers,
available in all parts ol tl^e world.
Zimmermann
&
BANKERS.
MUNICIPAL, RAILROAD and
0 and 11 Wall Street, New York.
STREET RAILWAY
BOND8.
27-29 PINE STREET, NEW YORK.
on
DailvandTime Deposits,
Members Neve York Slock
—
BiRD
&
Schmidt,
FOREIGN EXCHANGE,
INVESTMENT SECURITIES27
WILLIAM STREET, NEW YORK.
Members N Y. Stock, Cotton and Coffee Exchanges
INVESTMENT.
Deposit Accounts.
Fiscal Agents for Cities and Corporations,
Interest Allowed
49 Wall
Philadelohia.
on
Street, NEW YORK.
Chicago,
San Francisco
YORK
PHILADELPHIA
E. D. SHEPARD & CO,
Bought & Sold
LETTERS OF CREDIT ISSUED.
Cable Translers to all Farts of the World.
Stern
FOR
Exchange.
margin.
FOREIGN EXCHANGE
BONDS
NEW
Orders executed for stocks and bonds for Invest¬
ment or on
BANKERS.
Forshay,
DEALERS IN
Interest Paid
COLLECTIONS MADE ON ALL EUROPEAN
Credit,
Available in all parts
84 State Street,
NEW YORK.
NEW
Issue Commercial and Travelers*
S.COLER,
M em ber N.
BOSTON
LONDON
LEONARD H. HOLE.
Y. Stock Exchange.
W. N. COLER &
CO.,
BANKERS
59 CEDAR ST.f NEW YORK.
INVESTMENTS.
C. B.
J
/VAN NOSTRAND,
3. WALL STREET,
Investment Securities
[VOL.
THE CHRONICLE
iy
©atmdimi
Ifjcrreigti.
DEUTSCHE
BANK,
BERLIN, W.
V47.619.000
CAPITAL.
M.
200,000,000.
CAPITAL
Telegraphic Address, TJdiseo, Lead on.
Capital 8«»eerlbed
*7.099,990
DITTO «NDS PAID DURING LAST TIN TEARS:
10,10X, 11,11,11,11,11.12,12. 12 per oent.
BREMEN, DRESDEN, FRANKFORT-ON-M.,
HAMBURG,
LEIP8IC.
MUNICH.
NUREMBERG. AUGSBURG
NOTICE 18 HEREBY GIVEN that the RATES
deposit are
Head Office—Montreal.
Rt. Hon. Lord Strathcona and Mount Royal
G. C. M. G
Honorary President
3$£ Per Cent.
I>aya’ Notlee, 334
Cent.
The Company discounts approved bank and mer¬
cantile acceptances, reoslves money on deposit
at rates advertised from time to time,
loans on
No. 31 PINE STREET.
R. Y. HEBDEN,
W. A. BOG,
J. T. MOLINEUX,
and grants
approved negotiable securities.
FRENCH FINANCE CORPORATION
OF AMERICA.
throughout the Dominion ot Canada.
London
BANCO ALEMAN TRANSATLANTIC
(Deutsche Ueberseeische Bank.)
market.
ACT
84,190.000
Up Capital
FOR
M. 17,600,000
AS
F. W. Taylor, Manager.
foreign.
FINANCIAL AGENTS IN FRANCE
AMERICAN
RAILWAY
CORPORATIONS
AND SALE OF
IN THE OBTAINING OF LOANS
8595.000
Reserve Fund
SECURITIES.
2,500,000
OF F1IC E :
NEW
BERLIN.
Branches:
25
PARIS,
YORK,
Uroad
The London
Midland Bank,
of
Telegraphic Address: Cinnabar, London.
SWISS BANKVEREIN
ESTABLISHED 1836.
SUBSCRIBED
Mextcano de Comercio e
Industrie, Mexico.
Bills sent for collection, negotiated or
CAPITAL,
CAPITAL,
RESERVE FUND,
PAID-UP
BASLE, ZURICH, ST. GALL,
advanced upon.
GENEVA, LONDON.
cable-transfers and letters
of credit issued.
London Agents.
Deutsche Bank (Berlin) London agency.
Capital, Paid Up
Yard, Lombard st.. London, E.C.
Surplus
-
-
-
-
-
E. U.
Adolph Boissevain & Co.,
Amsterdam, Holland.
BREMEN.
8TINTBRUCKK 1
Berliner
FRANKFORT-ON-M.,
LONDON, E. C.
Handels-Gesellschaft,
53 Corn hill.
BERLIN, W.,
Telegraphic Address. Discontoge, Berlin.
“
Dibcontogs, Frankfurtmain.
schwolde. Busmen.
Soondito. London.
Behrenstrasse’82-88
and
N0RTH00TE,
DUDLEY & COMPANY
Franzoslsctae-Strasse 42
49 Wail Street,
Telegraphic Address:—Handelschaft, Berlin.
11
CAPITAL, fully paid,
$40,476,209
-
RESERVE,
i
M. 57,590,011.
personal liability of
the following partners:
J. Hokter,
SCHOELLRB,
A.
M. 8CHINCKRL,
A. SalomonBohn.
E. Russell,
F. Urbig.
Poultry, Oheapside
London, E.C.
New York,
807 Monadnock Bloc
Chicago
FOREIGN FUNDS
$13,712,526 Banking Transactions of Every Description,
....
With the unlimited
ESTABLISHED 1856
j
Al. 170,000,006.
BANKING
BUSINESS.
TRANSACT A
GENERAL
AND STOCK EXCHANGE
it-44 BlHRIN STUAR8X.
”
For Investment in the United States.
Capital,
-
-
M.100,000,000
Hong Kong & Shanghai
Reserve,
-
-
M. 29,000,000
Paid-up Capital (llong Konc
BANKING CORPORATION.
Currency). .110,000,006
Reserve Funds
j J[J sifvef! !*io!*5o!o!)0 \ " 0O’SMW'OO#
10,000 00#
Reserve Liability of Proprietors
The National Discount
M 10,000,006 00
HAMBURG.
Janeiro. Sao Paulo,
Company, Limited.
Head Office:
Branches: Rio de
Santos
35 CORNIIILL,
LONDON, E. C.
Cable Address—Natdls, London.
Porto Alegre.
Bank fur Chile und
Deutschland.
CAPITAL
The above-named banks, founded and represented
Europe by the
Direction der Diaconto-Geaellschnlt,
Berlin, Bremen, Frankfort o/m and London
Norddentacbe Dawk In Hamburg,
Hamburg. Oder their services for every description
regular jo banking transactions.
Subscribed Capital
Paid-Up Capital
j
821,100,625
.4,23*,325
2,000,000
Iteserve Fund
($5=£1 STERLING.)
11110,000,000 00
HAMBURG, with branches in CllILI (Banoo ce
Chile A Alemaoia): Valparaiso, Santiago, Conm>don, Temuco,
Antofagasta; and in BOLIVIA
(Banco de Chile A Alemanla, Seccion Boilvtana),
Lapaz and Ororo.
letters of credit, negoti¬
PAYABLE IN CHINA, JAPAN,
PHILIPPINES. STRAITS SETTLEMENTS, INDIA, ETC.
grant dr a its, issue
ate OR COLLECT RILLS
BR ASILIANISCHE BANK
fur Deutschland.
CAPITAL
CO.,
NEW YORK.
E8TABLI8HED 1851.
“
HOLDEN, HI. P., managing Director.
Members New York Stock Exchange.
Disconto-Gesellschaft,
**
$75,428,400
15,714,250
15,714,250
Fr. 62,800,000 BOISSEVAIN &
24 BROAD STREET,
Fr. 14,280,000
Direction der
Rosbmarkt IS.
England.
Principal Cities and Towns
England.
With Branches in all the
URUGUAY: Montevideo.
SPAIN: Barcelona.
Memico Agents: Banco
BERLIN, w.,
Limited,
HEAD OFFICE:
9, rue Plllet-Will
Street.
City &
5 Threadneedle Street, London,
Batna-Blanea.Bell-Ville.Buenos Aires,
Cordoba, Tucnman
Bolivia : La Paz, Oruro.
Ohili: Antofagasta, Concepcion, Iqmque, Osorno,
Puerto Montt, Santiago, Valdivia, Valparaiso.
Peru : Areqnipa, Callao, Lima.
Argentina:
*
Office, No. 46 & 47 Threadneedle St,
84.761.000
Subscribed Capital
M. 20,000,000
**
> Agents.
)
Buy and sell Sterling and Continental Exchange
Securities for the French
-
)
and Cable Translers; grant Commercial and Trav¬
elers’ Credits available in any part of the world;
issue drafts on and make collections in Chicago and
Purchasers of First-Class Investment
4 ueohgk
Drummond K.C.M.G.Prwrident
General Manager
NEW YORK OFFICE:
CmtlftTOPilER K. NUGENT, manager.
LONDON, E. C.
Drafls,
159,881.84
-
-
E. S. CLOU8TON..Vice-Prest. and
Yard, Lombard St.
il EA D
$14,400,000,00
11,000,000.00
-
Hon. Sib George A.
Deutsche Bank (Berlin) London Afrencvs
M.
-
a§ follows:
At Call,
AND TH1
Paid
-
OF INTEREST allowed for money on
WIESBADEN.
4 George
-
UNDIVIDED PROFITS
At 3 to 7
Branches:
paid in
.........
2,259,609
$5=~=£1 8TERLING.
M. 100,000,000.
BEST
3.759.990
Paid Up
Reserve Faad
823.810,000
RESERVE
batiks.
The Union Discount Co. Bank of Montreal
[Established 1817.]
of London, Limited.
39 COKNHILL.
BEHREN8TRA88E 9 TO 13.
LXXX1V
NOTICE IS HEREBY GIVEN that the RATI3
OF INTEREST allowed for money on deposit are
as follows i
At
CaLl)
WADE HARD’NER, Agent, 50
Wall 8t.
INTERNATIONAL BANKING
CORPORATION.N *'
CAPITAL. & SURPLUS,
$6,500,00*
Buy and Sell Sterling and Continental Jjjxchange and
Cable Transfers, Negotiate, Draw or Receive
tot Collection Bills on Point* in the
Orient. Issue Letters ot Credit,
Branches at London, Bombay, Calcutta, Sing a¬
pore, canton, hong Kong, Manila, shanghai,
Kobe, Yokohama, San Francisco, city ok
Mexico, Washington, d.C., panama, Colon.
Per Cent Per Annnm.
At 3 to 7 or 14 Dars’
Notice, 344 P. €.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed periods upon terms to be
especially agreed upon.
Loans granted on approved negotiable secuntiee.
PHILIP HAROLD WADE, manager.
H. SCHERER &
CO.,
BANKERS.
Collections, Foreign Exchange
ment 8ecorltlee.
and Invest¬
MEXICO.
Mae. 23 1907.
V
THE CHRONICLE,
|
garths and gattkers.
ganfts.
©arcadian
THE CANADIAN BANK
OF COMMERCE,
HEAD OFFICE,
BARING
Mackay & Co.
BANKERS
TORONTO.
15 Wall Street, New York.
$10,009,000
5,000,000
PAID-UP CAPITAL.
SURPLUS
CO.,
&
BANKERS
Bay and Sell Foreign Exchange.
NEW YORK OFFICE:
No*. 10 AND 18 EXCHANGE PLACE,
Wm. Gray and H. B. Walker, Agents
LONDON OFFICE:—(K) LOMBARD STREET, 8L C.
Bankers in Great Britain*
The Rank or England,
The Bank op Scotland,
Lloyds Bank Limited,
Union or London and Smith’s Bank. Limited.
Sterling and Continental Ex¬
change ana Cable Tran*!***, coiuaneroial
and Traveler** credit*. Coklootions made at
Isoie Commercial and Travelers’
Letters of Credit,
INVESTMENT SECURITIES.
Buy aad Sell
all point*.
Hankins: and Exchange business
Members ol the New York and
Boston Stock Exchanges. Deal¬
ers
in Government Bonds and
other Investment Securities. In¬
Agents and Attorneys
BROTHERS
BAMINO
of every
terest
for
00.. Ltd.,
A
allowed
Nassau and Pine Streets
LON DON.
dexertptlon transacted with Canada.
Drafts and telegraphic transfers on
the Bank’s
New York
branch It COBALT, Ontario,
issued at lowest rates.
ESTABROOK & CO.,
Paid-up Capital,
Fund,
.
.
Charter in 1840
Sterling
440,000 Sterling
A 1,000,000
.
....
-
STREET, NEW YORK.
BROAD
24
INVESTMENT SECURITIES.
Head Office:
Gracecburch Street. London. E. C.
New Y*Vk Office: 52 Wall StMet
ELM J JdeMICHA&L.i Agents.
W T. OLIVER.
i
Buy and sell Sterling and Continental Exchange
and Cable Transfers; Grant Commercial and Travel Ciedits available In any Dart of the world.
or*’
Issues Drafts on and make Collections in all parts
of the United States »nd Canada
Geo. A. Fernald & Co.
5
Merchants' Bank of Canada.
HEAD OFFICE: MONTREAL.
65 Wail St.
W. M. Ramsay. Agent.
115 branohes In the Provinces of Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for effecting prompt collec¬
tions in Canada. JJu and seU Sterling Exchange
and Cable Transfers. Issue Commercial and Trar.
elers’ Credits, available In any part of the world.
London Agents— It «»vn l tin.nk ut Scotland,
NEW FORK OFFICE: 63 and
>
Sovereign Bank of Canada
71
the
Municipal, Railway
and other
Corporation Bonds
JACKSON & CURTIS
NEW YORK
BOSTON
BAN KERS
67 MILK
MEMBERS NEW YORK AND
30 WALL STUNK
ttTRKBT
BOSTON
STOCK EXCHANGES
INVESTMENT
SECURITIES
1 Nuuu Street,
19 Congress Street,
New York
Boston
H
W. POOR & CO.
INVESTMENT
SECURITIES
Dominion
NEW YORK AGENCY,
‘A5 PINE STREET
I5 or cion
A. B. Leach & Co.,
149 Broadway,
28 State
Trustees and Directors.
Al.FKEi) W. Smithkrs, Chairman
Lord Wklby, W. Limdlky, T. Reynolds —London
T. P. Fowler—Ntw Yorn
NEW YORK
140 Dearborn St.,
STREET. LONDON.
Acts as Agent In
England for American and
Canadian Railway and Industrial Companies.
GREAT WINCHESTER
BOSTON
33 Congress 8t
NEW YORK
33 Wall Street
BANKERS,
-
The English Association of American
Bond & Share Holders. Ltd.,
5
Exchaug*
BANKERS
MUNICIPAL AN1)
CHOICE RAILROAD BONDS.
Branched Through-
oui
member* Boston Stock
GOVERNMENT,
$0,000,000
3,074.000
CAPITAL
Kelt and Undivided Profits
The
Philadelphia
Boston.
15 State Street,
Established in 1886.
Incorporated by Royal
421 Chestnut St.
Congress St.
BANKERS,
North America
British
15
Boston
The Bank of
Reserve
deposits.
on
CHICAGO
St., BOSTON
Tucker, Anthony & Co.,
BANKERS
431
PH1LADKLFH1A
Cfeentunt St.,
Association's Agents in America and Can¬
ada are The Morton Trust Co. and the Bank of
k
S3 STATE
BROKERS,
STREET,
The
BOSTON.
Montreal.
THOMAS LINDLEY, Secretary.
VAN
THE
OSS
Member* Boston
New Orleans
& CO..
Real
HAGUE, HOLLAND.
Place American Investments
Estate, Mortgage &
Securities Company
in Europe.
213 CAMP ST.,
Tel. Address, Voco.
Codes, Hartfleld’e
AMERICA-BANK A. G.
BEHRENSTR. 48
special attention to the execution
Banking Transactions with the
UNITED STATES OF
and other American
Travelers’ Letters
SIMON BORG & CO.,
Southern
Municipal
Securities
Loans
to-day presents the jtromise oj
greatest industrial advancement
The South
the
H. AMY & CO..
Countries
BANKERS,
of Credit and Cheques
Investment Securities
Foreign Concluded on next page
Members of New
No. 20 Nassau
AMERICA
world; Interest on
Deposits; Foreign Exchange, Cable.Transfers;
BAXKEBS,
44
York Stock Exchange.
Street,
New York,
■
Den let mIii
c-
of all
available In all parts of the
$600,000
and Real Estate
Banking Business and
pays
NEW ORLEANS, LA.
CAPITAL PAID IN,
CAPITAL, Mk, 25 Millions
SURPLUS, Mk.
Million*
Transacts a General
-
.
Wall 8t., W. U. & Lleber.
BERLIN: W. 64,
nnd New York Stock
Exchanges.
and 46 Wall St., New York.
INVESTMENT SECURITIES.
Bills oi
Exchange.
Letters ol Credit.
High-Grade
Investment
Securities
BERTRON, STQRRS & GRISCOM.
BANKERS,
Land Title Bilidlng,
PHILADELPHIA.
40 Wall Mreei,
HEW YORK.
INVESTMENT SECURITIES,
VI
THE CHRONICLE.
foreign.
National Bank of Cuba
PHILADELPHIA.
E. W.
PHILADELPHIA
321 Chestnut Street.
New York
3,739,994 39
10,496,331 64
73,171 03
a
able
Depositary for
Members of l'mia. & N. Y. 8tock Excharges.
\
Investment Securities
(PHILADELPHIA STOCK EXCHANGE
NEW YORK STOCK EXCHANGE
CHICAGO BOARD OF 1RAD*
Investment Securities
131 South 5th Street
62 Broadway
NEW YORK
.
PHILADELPHIA
pay¬
Westling, Jones & Emmett,
Land Title
MASON & CO-
PHILADELPHIA.
Purchasers of First Class Investment Securities
for the British and
39 Lombard
Private Wires,
&
Bowker,
Drexel Building, Phlla.
WATER WORKS BONDS
Guaranteed Principal and Interest by
American Water Works & Guarantee
Company.
Municipal and Corporation
Foreign Markets.
N.Y., Pittsburgh, Chicago
Audenried
Building*
London Correspondent**.
CO.,
BANKERS.
Owner Cheetnut and Third Sts.,
the Funds of the Republic of Cuba.
D. M.
J. W. SPARKS &
DEALERS IN HISH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
FOB
INVESTMENT PURPOSES
$19,474,629 14
Bldg
PHILADELPHIA, PA.
BANKERS AND BROKERS
$5.000,000 00
500,000 00
203,735 22 $5,763,735 22
13.710.893 92
Deduct $200,000 4% semi-annual dividend,
January 1, 1907.
United States Depositary in Cuba.
112 So. 4th St. and 100-102 Girard Trust
Battles, Heye & Harrison
377,853 03
74,044 63
LIABILITIES.
Total
Correspondents:
Morgan & Co.,
BANKERS Ac BROKERS
82
24
33
$19,474,629 14
Undivided Prolits
CO., Ross,
Members Phil*, and New York Stock Exchanges
Interest Allowed on Deposits.
Total
a
8b
S3
59 S4.683.234 42
Sundry Accounts
Deposits
CLARK
PHILADELPHIA
BANKERS,
GENERAL BALANCE SHEET DECEMBER 31 1906
ASSETS.
Capital
Surplus
lxx::iv.
gatilitxs and gratters outside 2Teuj
Havana, Cardenas Cientuegos Matanzas Santiago,
Manzanillo, Sagua la Grande, Caibarien, Guan¬
tanamo, Santa Clara, Pinar del Rio, Camaguey,
Galiano Street,' Havana
Cuba.
Cash—
In Vaults
$4,135,064
Banks and Bankers
548,169
Bonds and Stocks Owned—
Government Bonds
12,585,135
City of Havana Bonds.... 1,096,255
Other Bonds and Stocks..
88,603
Loans, Discounts, Time Bills, «tc
Furniture and Fixtures
Bank Building
[Vol.
BONDS
PENNSYLVANIA TAX-FREE ISSUES
Street, LONDON. E. C.
JOHN H.McQUILLEN & CO.
W. G. Hoppxb.
LL 8. Hoppxb,
Members of Philadelphia Stock Exchange.
Jordaan Cohen &
Wennink,
Wm. G.
Hopper & Co.,
STOCK AND BOND BROKERS,
28 South Third Street, Philadelphia.
BANKERS.
PARIS.
Members
Investments receive our special attention. Infor¬
cheerfully furnished regarding present
holdings or proposed Investments.
Philadelphia Stock Exchange
Syracuse Rapid Transit
Stocks and Bonds
104 South 4th
Street,
PHILADELPHIA
mation
lawfcjers.
FIRST
NATIONAL
OF
BenJ. C. Warnick & Co.,
BANKERS &
BANK
141 South 4th
MILWAUKEE.
UNITED STATES
125 South 4th Street
Philadelphia, Pa
-
Send
ESTABLISHED IN 1800.
for
our
Circular.
NEW JERSEY.
EDWIN R.
Tilton,
PORTLAND, OREGON.
ADAMS
CASE,
NEW JERSEY
$5,000,000 00.
General Banking Business.
special Attention.
SECURITIES,
New York Office, 40 Wall Ac 37
We will Purchase
Finance Electric Railways,
.(Lighting and Gas Properties
ROSS BROS Sb
or
41-43 Wall St.
NEW VDRK
& Co.
43-49
Exchange PI.
PERLEY MORSE
HENRY C.
BAKER &
BANKERS
ACCOUNTANT?
H.
FIRST
VAUGHAN,
AND
BROKERS
Certified Public Accountants
56 Pine Street
NEW
Telephone 4261 John.
YORK
TAYLOR
20
BROAD
STREET,
-
NEW
A.
BONOS
BROKER.
Southern Investment Securities.
MONTGOMERY, ALA..
&
CO.,
Bldg.
BALTIMORE.
William Wilson & Sons.
Established 1802.
Wilson, Colston
ds < :o.
Established 1867.
BANKERS,
YORK
Strassburger,
STOCKS.AND
Mutual
Members of Baltimore Stock Exchange,
Gas Bonds
PUBLIC ACCOUNTANTS
& CO.,
K.
Wilson, Colston & Co.,
MORTGAGE GOLD
1.N‘»
ROSE
Investment Securities.
Conn.
30 Broad Street Now York.
Tel, 4958 Broad.
52 Broadway, New York, LaSalle Street, Chicago.
Conn., Hartford & General
(
Telerhone 2269-2270 Broad
LOOMIS, C0NANT& CO.
CERTIFIED PUBLIC
James paek & oo„
CERTIFIED
HARTFORD
Certified Public
DA VIS, Secy.
£
ACCOUntantS
Pres.
Broadway,
HOW,
BANKERS.
NEW YORK
CERTIFIED PUBLIC ACCOUNTANTS
New York
Special Department tor Bank Examinations under thi
mmiamtgt of a Nauooal Bank Examiner at
many rear*' •xperteaee.
Company,
STANDARD AUDIT CO.
Bnildlnx
Wall Street Exchange Bnildlnx,
52
Weeden &
INVESTMENT SECURITIES.
PHILADELPHIA.
Wilkinson, Reckitt, Williams
PROVIDENCE.
LARGE PROPOSITIONS PREFERRED.
MONTGOMERY
Land Title
Pine Sts.
President,
11 Pine Street
(PnaaTlrula)
BOSTON.
MEMBERS FUSION SiOCK EXCHAAGK
TRACTION. GAS & ELECTRIC
FINANCE CO.
Jiccotttilatiie.
Certified Public Accountants
COMPANY
BONDS FOR INVESTMENT
15 EXCHANGE PLACE
Telephone 75L
JERSEY CITY.
JOS. B. MAYER,
LYBRAND,
&
7 CONGRESS ST.
DEALER IN
RESPONSIBILITY
a
^
Representatives ol Spencer Trask & Co.
BOSTON.
BANKERS,
Col^bctionb Given
Members Philadelphia Stock Exchange.
.
OFFICERS:
ftn Voqkl Jjl, Pres.
Hunky Klo»s, Cashier.
Wm. Btoklow, v.-Pres.
Oscar KASTXN.A8t.Cash.
rxjEO. T. Goll, V.-Prea.
E. J. Hughes, Ass’t Cash.
A. W. Book, Ast.Cash.
W. C. HAAS, Mgr. Foreign St Savings
Dept.
Transacts
BANKERS Ac BROKERS
BROKERS,
Street,
Dealers In
HIGH-GRADE RAILROAD .AND OTHER
CORPORATION BONDS AND STOCK.
DEPOSITARY.
Capital and Surplus, $2,600,000
Ladd &
Wurts, Dulles & Co.,
216 E. Baltimore Street, Baltimore.
Investment »nd Miscellaneous Securities
a
aoeoialty, and whole issues handled. Exceptional
facilities tor dealing in all classes of >outhern
3ondx Loanp on Collateral Securities negotiated.
Robert A.
Fisher
&
Co.,
BANKERS AND BROKERS
227 E. German Street, Baltimore
MEMBERS BALT. STOCK EXCHANGE
*
Mae. 23
THE CHRONICLE.
1907J
Til
jankers and %xokvcs mtlside 2Jeur TJoeli.
BUFFALO.
LOUISVILLE.
PITTSBURGH.
Buffalo Securities
Halsey & Halsey,
ESTABLISHED 1863
BOUGHT AND SOLD
DANN
&
BANKERS
ROBINSON.,
BROKERS.
AND
ROBINSoTn BROS.,
LOUISVILLE.
Members N. Y. Stock Exchange
Bankers,
INVESTMENT SECURITIES.
MEMBERS
OF
NEW YORK AND
PITTSBURGH STOCK EXCHANGES
EXCLUSIVE PRIVATE WIRE
N.Y.
NEW YORK OFFICE, 111 Broadway
Correspondents: KELLEY, MILLER A CO.
Wood and Diamond
BUFFALO OFFICE, 1000 Elllcott Square
JOHN
MEADOWS, WILLIAMS & CO.,
Banker and
Street
DEALERS IN
Broker.
a
MILLER <fc CO.
BANKERS
Investment Securities
AND
STOCKS
PITTSBURGH,
BONBRIGHT & HIBBARD
Building.
Birmingham.
Whitney, Stephenson & Co.,
STOCK
BONDS.
BROKERS,
*
-
LOCAL STOCKS AND
York
Office:
11
ROBERT C.
MEMBER
PITTSBURGH
We make
BONDS.
Wall Street.
Rochester Stock Exchange.
the great
a
specialty of all the Securities of
Dealer in
Daily Lists Mailed on Application.
NASHVILLE STREET RY. SECURITIES
CUMBERLAND TELEPHONE STOCK
W. *T. Black
Members
COULDllJG marr,
NASHVILLE, TEMM.
LANDIS BANKING CO.,
Rochester Securities
Telephone and Street Railway
NASHVILLE,
-
TENN
-
Municipal and Corooration
We Bay and Sell
INVESTMENT
BONDS
AND
I
BONDS
Municipal and Corporation
Securities Co.
NASHVILLE, TENN,
STOCKS
PITTSBURGH.
Correspondence Solicited
THOS. PLATER & CO.,
BANKERS
Co.,
INVESTMENT SECURITIES.
Columbia Bank Bid?..
6% BEAL ESTATE BONDS 6%
MOSS 61 COMPANY
E.
&
Pittsburgh Stock bxchange.
(NO STOCKS)
Securities.
DETROIT. MICH.
Avenue,
PITTSBURGH. PA.
SPECIALISTS ROCHESTER SECURITIES
BANkER
EXCHANGE,
Pittsburgh District.
NASHVILLE.
4% to 6% Bonds
MYRON W. GREENE
HALL,
STOCK
240 Fourth
CChicago1'Board ot Trade*.
W.
BROKERS,
FRICK BUILDING.
Alabama.
Investment Securities.
New
C New York Stock Exchange.
PA
Established 187L
Brothers,
BANKERS AND
\
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OF TRADE.
Oldest Pittsburgh Members N. Y. Stock Exchange
Steiner
ROCHESTER, N. V.
Members:
aTa.
BROKERS,
AND
PITTSBURGH
MEMBERS:
Birmingham, Alabama.
BONDS.
-
YORK, PHILADELPHIA, CHICAGO AND
Otto Marx & Co.
BUFFALO, N. Y.
—
Bankers and Brokers
NEW
GEORGE R. TELLER,
Local Mocks.
Henry Sproul & Co.,
410 Wood St..
SECURITIES
BIRMINGHAM.
100 Powers
Specialty
Lcuisvllle ''lock Exchange
New York Correspondent.
Established 1880.
KY
Railway issues
MemO T
NIAGARA FALLS AND
LOCAL
OTHER
DUNLAP,
INVESTMENT SECURITIES
MEMBERS NEW YORK STOCK EXCHANGE
BUFFALO,
L.
l.OUl>VIl.Lfcj.
Sts., PITTSBURGH
ot
Pittsburgh. Pa.
James S. Kuhn,
L. L. M’Clelland,
President
Sec. & Treas.
PAID-UP CAPITAL. 8200,000
BONDS
AUGUSTA.
SOUTHERN.
Bldg.* DETROIT, MICH.
Union Trust
MOTTU
MILWAUKEE
John W. Dickey,
CO.
&
BROKER,
R. M. FRIEND
CHAiS. SCHLEY
BANKERS AND BROKERS
BONDS ™-PAI‘
U \J
V
SCHLEY
CHAS.
NoaroLU, va.
CORPORATE
&
CO.,
ESTABLISHED 1850
MILWAUKEE,
•
-
Hugh MacRae & Co.,
WISCONSIN
BANKERS,
Dealer8 In Southern Investment Se¬
curities of Every Description.
INDIANAPOLIS
WILMINGTON, N. €.,
J. F
WILD &
WILLIAM E.
INVESTMENT
ATLANTA
Securities—A Specialty
Co.,
Davenport
&
SA
BROKERS,
INDIANAPOLIS.
Established 1800.
Kansas
Indianapolis Stock Exchange
INDIANAPOLIS
solicited
and
information fur¬
nished about Southern State, Municipal and
road Investment Securities.
Reference—Bank oi New York. N. B. A.
Investment Securities
Bank Bldg.
NEWTON TODD
Fletcher Bank Building, Indianapolis.
SECURITIES, NEGOTIATIONS.
city, mo.
LOUISVILLE.
J. J. B. HILLIARD & SON,
0RTHWEIN, McCBUM INVESTMENT
Kansas
f K. 0.
dealers
1N
i
LOU.SVlLLE, KY.,
BANKERS AND BROKERS.
City. Mo.
INVESTMENT BONDS.
Ry. & Light Securities
Local Bank Stocks
[ Kans.& Mo. Mumc
JONES,
ATLANTA, GA.
Rail¬
COMPANY
TRACTIONS AND
LOCAL STOCKS AND BONDS.
DARWIN G.
RICHMOND. VIRGINIA.
„
JOS. T. ELLIOTT & SONS,
American Nat
A N D
B A N K E K
Correspondence
Members
SOLICITED.
408 Colorado Building.
Municipal and Street Railway
-
SECURITIES)
AUGUSTA, GA.
OLDEST BOND HOUSE IN INDIANA
C
BUSH,
WASHINGTON, D. C.
Bankers and Brokers.
123 E. Market St.,
SECURITIES.
CORRESPONDENCE
ANI)
CO.,
AUGUSTA, GA.
SOUTHERN
STREET
A
pal Bonds
SECURITIES
Specialty.
It A I LWA Y
Correspondents, EX. NORTON 4 CO., N. Y.
A
▼Ill
THE CHRONICLE.
[VOL LXJLilY.
gaukers aud gfolucrs outside |Texxi Dark.
CHICAGO.
CINCINNATI.
NEW LOAN
E
$250,000
Bartlett, Frazier
&
CITY OF CHARLESTON, W.VA.,
A. G.
Carrington,
.
1 927-1 941
Total debt only 2% of the
assessed valuation
16
BROAD
STREET
NEW
YORK.
WESTERN UNION BLOC,. CHICAGO.
WEIL, ROTH & CO.
EDWARDS
STOCKS AND BONDS,
410 and 412 Olive Street,
MEMBERS:
St. Louis.
NEW YORK STOCK EXCHANGE
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF TRADE.
139 East Fourth Street
CINCINNATI, OHIO
PltlVATfc.
71 Broadway, NEW YORK,
WIRES.
( New
Net
York
W. E. HUTTON &
CO.,
INVESTMENT HANKERS
A. O. Slaughter
STOCK
Bonds and Stocks of Ohio
Successors to
CINCINNATI,
-
OHIO.
-
ISSUE
STREET,
DEALERS IN
-
FRANCIS, BRO.&CO.
AND
We have at all times
all Markets
n
STOCK
COLUMBUS
CO.,
&
EXCHANGE
cloal
Corooration
and
members New York Stock
Bonds
St.
Louis
Exchange,
Stock
Exchange,
Chicago Stock Exchange.
Yielding from 4% to 5%, which
suitable for the investment
2re
Investment Securities.
oftrust funds andwould alwavs
be available
DENVER. COL.
Muni*
4th.Street,
ST. LOUIS.
lar^e
amounts of Hi<rh Grade
BONDS
Miscellaaeous Securities
214 N.
OHIO.
-
WHITE, WAGNER
MEMBERS
Investment Securities.
AND DEALER
COLUMBUS
STOCKS
(
CO„
EDGAR FRIEDLANDER
CINCINNATI,
Exchange.
Louis Stock Exchange.
Chicago
Board ol Trade.
Chi
J St.
BROKERS,
New York Stock Exchange,
New York Cotton Exchange,
New YorkColtee Exchange.
New York Produce Exchange.
Chicago Stock Exchange,
Chicago Hoard ot Trade,
St. Louis merchants Exchange.
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated July 1, l90i>.
Due July 1. i‘J3U.
Uric* 102^.
BROKER
members:
Stock Exchange.
J-J Chi
Chlca«0
CHICAGO, ILL.
Members:
NEW
Jr.&Co.,
A. O. SLAUGHTER &
HON ROE
Companies.
&
r: SONS,
...
STOCKS AMD BONDS,
GRAIN AND PROVISIONS.
4H% Bonds
DUE
8T. LOUIS.
collateral.
as
Cor*
respondence invited.
William E. Sweet & Co.,
Municipal and Corporation
W. B. McKeand &
The Rookerv
Co.,
Chicago.
WHITAKER
*
&
’
r
CO.,
BONDS
•GROUND FLOOR EQUITABLE BUILD1NQ
Investment Securities
SEATTLE. WASH
Special Attention to St. Louis Securities
JOHN
E.
PRICE,
A. G. Becker &
and Corporation
JTlnnlclpal
BONDS
BANK STOCKS
„
PRIVATE WIRE6 TO
-
PAPER,
PHILADELPHIA
300 N. 4th ST.
ST. LOUIS
-
WELLS
&
DICKEY
HILNNEAFOLIS,
CO
G. H. WALKER & CO.
307 North 4th
JM1NN.
Street,
§t7 LOUIS, MO.
MUNICIPAL and COtiPOliATION
MAmhAr*JNew York Stock Exchange,
jst
stocJ£ Exolfange#
Mourners
BONDS
COAST
-
Sts., Chicago.
BOND'S
Municipal and Corporation
PACIFIC
PRINCIPAL MARKETS
MINNEAPOLIS.
MORRIS BROTHERS
PORTLAND
COMMERCIAL
S, W. Cor. Monroe & La Salle
PORTLAND. ORE,
Co.,
(IHOORPORATKD.)
Banker A Broker,
GEO.
SECURITIES
A
SPECIALTY
Commercial
B
Paper
LANE,
DBALRRSIN
and ' Investments.
MINNEAPOLIS,
-
MINN.
-
Government
LOS ANGELES.
Bonds and other
Investment Securities.
CLEVELAND.
CALIFORNIA BONDS
ftlanicipal, School Dimricr and Corporation
THEY PAY A BETTER RATE OF INTEREST
THAN BONDS OF THE SAME MERIT ISSUED
IN THE EAST
Correspond with
LU8 ANBELES, CAL.
WM. R. STAATS
CO..
CALIFORNIA MUNICIPAL,
SCHOOL AND CORPORATION
BONOS
NEI
4
TO
ti
PER
Citizens Building.
PASADENA
CLEVELAND, O.
J. STILSON
INVESTMENT
CO.,
SECURITIES,
MEMBER LOS ANGELEb SiOCK EXCHANGE
AOS
ANGELES,
BANKERS,
Exchange Street, Proviuenee, R. I.
Transacta general banking busineep. B
Stocks and Local Securities.
Private wtrof
New York. Boston and Philadelphia.
to
MUNICIPAL AND
TOPEKA.
PUBLIC FKANCIilSE CORPORATION
BONDS
and
SONS,
D. H.
TOPEKA,
-
Kansas bon
MARTIN,
-
-
KANSAS
BOSTON, .MASS.
Emery, Anderson & Co.,
INVESTMENT BONDS.
Garfield Buildinr.
KANSAS
1 buy any ol (he older issue* of
Sold.
W. J. HAYES &
C1.KVEI.ANU. OHIO.
FIELDING
Richardson & Clark.
25
Bought
CENT
LOS ANGELES
Hayden, Miller & Co.
Investment Securities
us
Adams-Phillips Co.
TO
PROVIDENCE
CLEVELAND, O.
OTTO JULIUS MERKEL
44
BROKER
WALL ST.. NEW
YORK.
INVESTMENT SECURITIES.
AND
46
OeeropondtMS Invit'd
Mar. 23
1907.)
THE CHRONICLE
IX
Hear Uurh. ^tcck gxcltattgpe Rousts
T. A.
JOHN P. HARRIS.
)
h. r. winthrop,
> General
T. K. CUNNINGHAM)
j. a. ripley.
McIntyre & Co.,
71 BROADWAY
New York Stock
Orleans.
25 Pine Street
NEW YORK
DEAL IN
principal cities. Tel 5555 Bro
CHICAQO, ILL.
Railway Exchange Bldg.
Postal Telegraph Bldg
Exchauge
BRANCH
Robert H. Slmpooa
WIRES
C. I. HUDSON &
EFFINGHAM LAWRENCE & CO.
CO.,
Transact
General Banking
a
Business.
Telephone 3070 John.
X7 M.
Newburger, Henderson & Loeb,
Exchanges.
specialty of
Newport Office: Audrain Building.
JOHN H. DAVIS &
NO. 10 WALL ST REE I’,
and Stock Exchange
a
Investment Securities.
KIDDER & CO.,
PRIVATE WIRE8 TO PRINCIPAL CITIES
CO.,
BROKERS.
Wo make
BRANCH OFFICE, NIGHT ADA Y BANK,
537 FIFTH AVENUE.
Miscellaneous Securities
in all Markets.
To liiNtliutiouk, Equates and Private
InvpHtoi s-!»eim lor our apeclnl circu¬
lar on
The Pi CHent *itit<4tlon of the
Investment Bond Market.”
CO.,
BUILDING, NEW YORK
BANKERS AND BROKERS,
Members of New York and Chicago Stock Exchanges
PRIVATE WIRES TO PRINCIPAL CITIES.
Phila. Stock
Wllkesbarre, Pa.
Scranton, Pa.
St. Louis, Mo.
Syracuse, N. Y.
Schenectady, N. Y.
Troy, N. Y.
Utica, N. Y.
Montreal, Can.
KARRIMAN&
TRINITY
Telephones 4255-4866-4267 Rector.
Members N. Y. and
Williamsport, Pa
Buffalo, N. Y.
Cincinnati, O.
Cleveland, O
Dayton O.
Detroit. Mich.
Erie, Pa.
Nos. 34-36 WALL ST„ NEW YORK.
Exchange.
CORNER WALL.
BANKERS AND
OFFICES
Waldorf-Astoria, N. Y. C.
Flatiron Building, N.Y.C.
240 La Salle Street
CHICAGO
PRIVATE
and
IN ALL MARKETS
Chicago Board of Trade
Chicago Stock Exchange
Branch Offices, 516 Fifth Avenue
Delmonlco’s and 305 Broadway
STREET
Cotto
STOCK8, BONDS AND
2 East 44th St., N. Y. C.
CORRESPONDENCE SOLICITED
NASSAU
and
Private wires to
MEMBERS
Direct wire connection Boston,
1
Stock
York
Chicago
MISCELLANEOUS SECURITIES
Stocks, Bonds and Grain
~
Members New York Stock
New
the
Exchanges,
Harris,Winthrop& Co.
New York Stock Exchange,
New York Cotton Exchange
New Orleans Cotton Exchange
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
Effingham Lawrence
Members of
Speolal Partner
CO.,
BROAD STREET
30
Board of Trade
Cleveland Stock Exchange-
MEMBERS:
Chicago, and New
A. O. BROWN &
Partners
Members <>f the N. V. and Phila. istock Exchauite;-!
BANKERS,
18 WALL STREET, NEW YORK.
Established 1865.
MEMBERS OF NEW YORK STOCK EXCHANGE,
Allow interest on
deposits subject to sight check.
Buy and sell on commission st >oks and bonds, anO,
deal in
We Make
BANK.
P.
IOO
Specialty of
AND TRUST CO.
STOCKS.
a
J. Goodhart & Co
Members New York Stock
57 BROADWAY,
New
York
RAILROAD BONDS
GUARANTEED STOCKS.
STOCKS-ISOLDS
CHARLES FEARON &
Chas. Fairchild & Co.,
,
Exchange,
29 WALL STREET AND 3 BROAD
Orders Executed on All Leading
Stock Exchanges.
STREET
„
LADD & WOOD,
Members New York Stock
BRANCH OFFICE
Hotel
Exchange,
Robert H. Allen.
7
Howard
Bldg.,
Margin.
W. H.
NO.
General Banking and Stock
Exchange Business,
a
74
BROADWAY.
BANKERS
A
NEW
COMMISSION
Wall
Private Wires to Cincinnati and
Chicago.
Branch Office. 500 Fifth Ave.
Street
ELenhy G. Campbell,
YORK
S3
CO.,
INVESTWKVT
i
^ECTIBITIKS
N.
Y.
8tock
Orders Executed for Cash
or on
53 STATE STREET.
BOSTON.
.
New York.
JAf*. n. OLIPHAVT
FLOYD W. MUNPY
Alfred l. nokris
j. norris olipi iant
Members New York Stock Exchange.
BRAND,
W. 8. THURSTON.
74 BROADWAY.
INVESTMENT SECURITIES.
SECURITIES.
Specialty.
INVESTMENT
BONUS
HAA'K AND TRUST
UKITIKS
LOANS
CoflPANY
•J. Gr.
.
Members New York Stock Exchange.
INVESTMENT an.l MISCELLANEOUS
a
Street,
O. J. BRAND & CO.
DEALERS IN
8E
Margin
BROKERS,
[as. H. Ohpbant & Co.,
O. J.
WALL STREET,
NEW YORK,
10
& CO.,
Exchange.
STOCK
STREET,
Tei.ephoitx N0.866 Rector
BANKERS,
NO
Southern Securities
Members
Com¬
Parkinson & Burr,
20 Broad
3.. A. Lancaster & Sons
Broadwuy. New York City
Members New York Stock Exchange
41 NEW STREET.
on
mission.
n
financial.
No. 5V
R. J. JACOBS
Bought and Sold
BANKERS AND BROKERS.
BANKERS,
ORDbkS BXECUitD
For Investment or on [Ylnrirtn
Campbell & Co.,
Information given in regard to all Boston 8eourltle*
and quotations furnished.
Exchange Place, New York.
2 WALL STREET.
STOCKS, BONDS and INVESTMENTS.
Edwin P. Campbell,
M embers of New York and Boston Stock
Exchange*
Private wire between the two offices.
BROKERS AND DEALERS IN
BGODY, McLELLAN&CO
Securities
7 W A LL
York.
EXCHANGE
11 Wall Street, New York.
MEMBERS NEW YORK STOCK EXCHANGE.
Co.,
Ex-Nobton, Mem. NY. Stock Ex. Gxo. F. Nobtc
Co.,
SECURITIES,
H. G.
MERCHANTS
New
EX. NORTON &
R. B. Dodson.
INVESTMENT
Sc CO.,
NEW YORK.
Fahnestock, Memb. N.Y. stock Kx.
&
Successors to
MEMBERS NEW YORK STOCK
BROKERS,
R. T. Wilson &
INTEREST ALLOWED ON DEPOSITS,
Fahnestock
GRAHAM, TAYLOR <S CO.
STREET,
NEW YORK
Branch Office, Troy N. Y,
Goadby & Co.,
BANKERS AND
Lapsley & Co.,
ACCOUNTS OF RANKS A BANKERS SOLICITED*
Wm.
Hxnby F. Taylos
S. F. JOHNSON
Members
N. Y. Stock Exchange.
NEW YORK,
T. J. M dm ford,
PHILADELPHIA
18 WALL
15 BROAD HTKEKT, N. Y.
Transact
-
Wm. Sharp Lxogbtt
INTEREST ON BALANCES.
Hanover Bank
S Nov York Stock Exchange
Stock Exchange
^ Philadelphia
.
Jas. Lohimek Graham
24 Broad Street, New York.
Exchange,
or on
Stanley D. MoGraw
ALLEN, McGRAW & 00.,
Wilson, Watson & Herbert,
Orders Executed for Cash
ers
William M. Vanoe.
WALL STREET.
Members N. Y. 8took
em
Empire, 63d Street and Broadway 333 Chestnut St.,
INVESTMENT SECURITIES.
CO.,
BANKERS)
Members N. Y. (Stock Exchange
NEW YORK
-
Broadway,
527 CHESTNUT &T.t PHILADELPHIA
STOCKS
Zachry & Co.
BANKERS. 46 W all St., New York
). S. & R. D. FARLEE,
MEMBERS NEW YORK STOCK EXCHANGE.
BROKERS AND DEALERS IN
INVESTMENT
SECURITIES
11 WALL STREET, NEW YORK
[Vol.
THE CHRONICLE.
X
©tirtetil
-LXXXIV
^oiud %ut\uixiz&
Missouri Kansas & Eastern 1st5s, 1942
City first and seconds
Gulf Beaumont & Kansas
Brief
Booneville St. Louis & Southern first 6s
most
-
Ogdensburg & Lake Champlain first 4s
Rocky Mountain Coal & Iron 5s
Grand River Coal & Coke
first 6s
FIRST MORTGAGE BOND.
They are listed on the New York Stock Ex¬
change, where they always have a ready
market, and they can be purchased to-day
at an extremely attractive figure.
Write for price and further particulars.
IV.
Raleigh & Cape Fear first 5s
Canadian & Rutland first 4s
G. W
RAILROAD BONDS DEALT IN BY
J. LISMAN & COMPANY,
SPECIALISTS
Walker A €«».
.
Telephone
BANKERS
25 Brood *»..
New Y#rb
Brood
3945
F.
important parts of tne M. K. & T.
strengthen the position of the security.
They still have thirty-five (35) years to run,
do not carry a high premium and yield a
liberal
return
for
UNDERLYING
an
Great Northern of Canada 4s
ALL STEAM
bonds:
The total issue Is outstanding and no more
of the bonds can be put upon the market
by the company.
This naturally tends to
III.
Millen & Southwestern first 5s
AND
these
concerning
System.
II.
Wilkes Barre & Eastern first 5s
[-
facts
An ABSOLUTE FIRST MORTGAGE at a
moderate rate per mile upon one of the
I.
NEWBORG & CO.,
IN STEAM RAILROAD SECURITIES
44 & 40 BROADWAY, N.
Members N. Y. Stoek Exchange
Y.
45 NEW STREET.
30
BROAD
STREET, NEW YORK.
Members New York Stock
exchange.
Land Title & Trust Co.
Building PHILADELPHIA
Boulevard, CHICAGO
404 Connecticut Mutual Building, HARTFORD
Short-Term Notes
169 East Jackson
City Bonds
New York
Allts-Cbalmers
LIBBEY&STRUTHERS
Trade in
and
Deal in Bonds, Stocks and Investment
Securities and transact an arbitrage
business with the principal European
stock markets.
30 Broad Street
quote accurately all
New York
Railroad Note Issues
New Yoik &
Specialists in Uncnrrent Issues.
25 Broad 8t.
Tel. 6950-1-2 Broad.
Long Branch 4s '
Cable Address:
Telephone, 6"45 Broad.
“NBWROSB.”
Central of New Jersey 5s
A. LISMAN & CO.,
A
5s, 1936
Wabash New 4s and Scrip.
Erie Consol 7s
r
Central Pacific
3Js
Commercial Cable Bonds
Providence Securities 4s
PROCTER
Walker
BORDEN
&
New York.
Equitable Building,
Mo.
Louisville Cin. & Lex.
^
Company Cs
Georgia Cons. 5s
Pac.? Central Branch 4s
Hartshorne, Bogert&Battelle,
Central of
Members New York Stock
Morgan's La. & Tex. 6s & 7s
Houst. & Tex. Cen. Con. 6s
Fere. Marquette Con. 4s,Due
Telephone No. B480-1-3 Broad
Hudson
Companies preferred
Morgan’s La. & Texas 6s & 7s
1951
Toledo Ry. & Term. 4J^s
Helena Lt. & Ry. 5s
East Tenn. Va. & Ga 5s, 1956
Redemption of Government 4s
We will take at 100 and full inter¬
est
to
maturity
U. S. 4s due July
Wadsworth &
vestment
Wright,
Members New York Stock
improvement of income by rein¬
to
i
Royal Baking Powder preferred
1907, in exchange for CHOICE UN¬
RAILROAD
MORT¬
DERLYING
GAGES.
Send for suggestions as
'
160 St. James Street,
Montreal, Canada,
26 Broad Steet,
New York.
<*
Oregon Short Line 6s, 1922
St. Paul & No. Pac. 6s, 1923
Pac of Mo. 2nd 5s, 1938
Mobile & Birmingham 5s, 1945
Texas & Pacific 5s, 2000
U. S. Steel 5s, 1951
BONDS
Tel.
GRADE
HIGH
«
Company
71
Rhrades
8c
and Boston Stock Exchanges
Broadway,
Company, j
7 Wall St., Corner New St.,
Co;,
STOCK BROKERS
Members N.Y
-
NEW YORK
Tel. 2500 Rector
Private Wires to Boston.
Hartford, New Haven and
Philadelphia
NEW YORK.
BECKER & STERLING,
Tel. 885-086-987
Rector.
Thomas L., Manson &
and Trustees
St. Louis Iron Mountain & Southern 5s
Cable Add. ‘‘Beckster,”
BONDS
Legal for Savings Banks
18 Wall St., N. Y
Republic of Cuba Internal 5s
Norfolk & Western, Pocahontas Coal 4s
Fine Street, New York.
6100-1-2-3-1-5 John.
34
for free distribution.
Easton & Amboy 5s
New York & Jersey' 5s
Terminal of St. Louis 4s
COMPANY,
&
COFFIN
Maturing Bonds,” our copy¬
righted
book,
with comparative
tables for bond buyers, now ready
Investment Bankers.
SELL
WE ARE PREPARED TO BUY OR
ALL RAILROAD NOTES.
Exchange
NEW YORK.
2 Wall Street.
now.
WANT
“
Lincoln &
Exchage.
Telephone 11
offering CENTRAL RAIL¬
OF OREGON 1st Mortgage 6s
We
WAY
:f5^Uector.
18 Wall St.. New York
arc
and interest, with $500 stock
with every $1,000.
Send for
circular for information
at par
bonus
our
BAKER, AYLING
&
COMPANY
Dealer* In
F.
W.
Unlisted Inactive Stocks and
MASON
5 1 Stnt«> St..
Investment Bonds
Land
Title
Building
PHILADELPHIA
50
Congress Street
BOSTON
CO.,
BOSTON. MASS.
Cin. Hamilton & Dayton 5s, 1942
N. Y. Susq. & West. Refdg. 5s, 1941
Chic. Mil. & St. Paul Gen. 3^s, 1989
Atchison Gen. 4s, 1955
Chic. Rock Island & Pac. Gen. 4s,19SS
M.
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
&
Bond*
Cable
Add,
WOLFF,
"MOWOLP" 27 William St..
Phoner.
«557-6558-6559 Broad
NY
1
Mae. 23
XI
THE CHRONICLE
190,7. i
jBond Inquiries.
event
5692081—Coehmntsa.pke
Tel. Co.
American Tel.
Interest.
Yield
over
1902
in
1906
6.40%
Member* N. Y.end Pkile. Stock Exchange*
nil Maim Hi of Northeastern Pexuuptwaafta
Stoevritta*. Now Oat. Matted tree ea Diia—I
•*r
PHILADELPHIA
BROAD STREET. NEW YORK
Ashmore, Lutz Si Hitchcock SCOTT & STRINGFELLOW
Banker* Sc,
Tel. 2072-8-4 Bd
Potomac Electric Power Co. cons. 5s, 1936
Union Steel Co. 1st Mortgage 5s, 1952
Georgia Midland 1st Mortgage 3s, 1946
Norfolk & Western Ry. Div. 4s, 1944
Consolidated Indiana Coal Co.1st Mort.5s,1935
Sneciali«st«G
Specialists
Waterbiiry Co. Common
»rokeri
BANKERS
RICHMOND, VA.
From time to time we make studies of railroad
and Industrial properties for the benefit of our
cUcnts*
We will upon application send our circulars on
the following properties.
& Ohio
B. & O., C. & O. and N. & W
C. & O. and N. & W.
& Ohio Dividend
WANT.
1911
Western North Carolina 0s, 1916
E3
MEGARGEL & CO.
ST., NEW
NASSAU
5
Telephones
YORK.
j |||® Rector
of Ga. Income Bonds.
(Waterbury Co. Preferred
West Virginia Central & Pittsburgh 6s,
Investment
Correspondent*: Edward B. Smite ft Ce
BANKERS
Brond St.
HIGH GRADE BONDS
Northeastern Pennsylvania
Securities
1,399,441
3,054,000
25
PA
DEALERS IN
telephone
growthoj
Pfaelzer 6c Co.
BOSTON
CO.,
SCRANTON
This company pays 8% per annum on $131,551,400 Capital Stock.
It controls the
To show
service of the United States and Canada, operating 7,500,000 miles of wire.
Its business we mention it reported-telephones In operation in United States
in
&
BANKERS,
1910
5% Notes, due January,
Price 96*11 and
BROOKS
OFFER.
Coal & Iron Railroad 1st 5s, 1920
Poughkeepsie Light, Heat & Power Co.5s, 1921
BONDS
INVESTMENT
FOR
Specialists In
Northeastern Pennsylvania Securities
Sutton, Strother & Co., A. H. Bickmore & Co.,
104 SOUTH CALVERT
ST.,
Members of Baltimore Stock Exchange.
LEONARD F. HEPBURN, Broker
••
Bonds and Stocks
Exclusively.”
N.JY.J& East River Gas Co. 1st 5s, 1944
Standard Gas Light Co. 1st 5s, 1930
Equitable Gas Lt. Co. 5s, 1932
Public Service Corporation
Central Union Gas Lt. 1st 5s, 1927
So. Ferry Ry.(Met.St. Ry.N.Y.City)
BOND HOUSE OF
BANKERS
BALTMOBE, HD.
1st 5s, ’42
BONDS of Public Service Cor¬
porations
for
TO
carefully
20 New St„ N.Y.Clty
Hudson River Electric Co. 5s
St. Louis & No. Arkansas RR. Sec.
Plattsmouth (Neb.) Water Co.
Beatrice (Neb.) 3s & 4s
Richmond Pass. & Power 5s
H. C. SPILLER &
New Orleans
CO.,
27 Hi ale Street
A
BANKERS & BROKERS
‘25
‘27
PINE
STREET,
TELEPHONE
NET
WATER
3K
TO
5%
RAILROAD, GAS
BONDS,
AT
PRICES
TO
5)4%.
List upon Application.
NEW YORK.
35 WALL
ST.,
-
-
NEW YORK
Tel. 4801-2 Broad
Bioad **.. N. Y.
Lexington Ave & Pavonia Ferry 5s, ’93
Metropolitan Elevated 6s, 1908
Merchants’ Exchange National Bank
Connecticut Railway
& Lighting Co.
Securities
E.I.duPont deNemour P. Co.
PATERSON &
CO.,
20 Broad St.
WILLIAMSON,
55 Will lam Street
Telephone 6 50 J hn
Y.
Internat. Silver Debenture
6s, 1933
of Railroads and othe»
Corporations in the Untted States and elsewhere
Chicago Indianpolis & Louisville 5s
TeL 6320 Broad.
Toledo & Ohio Central 1st 5s
30 Broad
Marquette Cons. 5s 1939
City & Pacific 4s, 1990
Flint & Pere
Dealer in Unlisted Securities
Range 1st 5s
Philadelphia, Pa.
U. S. Steel 1st 5s, 1951
International Silver prefered
International Silver common
FREDERIC H. HATCH,
.WANTED
GEO. P. B16SELL,
1 IS South Fourth St.
WANTED
FOR SALE
N
pfd.de com.stocks
Am. Vulcanized Fibre Co. pfd. & com. stocks.
W. A.
Equitable Gas L. Co. (N.Y.)lst 5s
New York & E.R. Gas Co.(N.Y.) 1st 5s
Westchester Lighting Co. 1st 5s
Burlington (Iowa) Ry. & Light Co. 5s
Consolidated Gas Co. of New Jersey 5s
Green Bay Gas & Electric Co. 5s
Kingston Gas & Elec.5s(Guar.by Amn.GasCo.)
Carnegie Trust Co.
Duluth & Iron
MORTGAGE
FIRST
AND
237 JOHN.
WANTED
T©1. 1985-6 Rector.
BOURSE
Connecticut Traction Bonds
Jester & Co.,
Stock. Exchange
THE
PHILADELPHIA
SAUNDERS & JONES
HIGH-GRADE BONDS
PHILBRICK & HALL
Members New York
Ry. & Light Securities
E. Tworger
J.Willet Hail
E. Philbrlck
St. New York.
Kansas
LEONARD
SNIDER,
NEW YORK
402 Land Title Building, PHILADELPHIA
66 Broadway,
Pensacola & Atlantic 6s
C. L,. PARMELEE
& CO.,
20 Broad.St.
Tel. 910-1 Rector
N
Cleveland Akron & Col. Gen. 5s
Winona & St. Peter 7s, 1916
St. Louis & Frisco. 4J^s,
INVESTMENT SECURITIES
Y.
Fairmont Coal 5s
Colorado
,
E. C. Stanwood 6c Co.
BANKERS.
190S
Spr. & C. C, Cons. 5s. 1942
96 MILK STREET
Rosen, Stillman & Co.,
BOSTON
members N. Y. Stock Exchange.
Pine Street, New
York City
CC)7
EXCHANGE.
International Traction of Buffalo and
other Traction Securities
Koston.
-
BROADWAY
NEW YORK
Springfield Ry. & Light Securities
Specialists in Inactive Bonds,
Buy
BANKERS.
Ill
Louisville.
MEMBERS NEW YORK STOCK
Bonds
Will
UNDERLYING SECURITIES,
S. C. HENNING & CO.,
New York.
Austin, Texas, 4s & 5s
We
Philadelphia Company Of Pittsburg
New York A. N. CHANDLER &
Street,
Lexington Ave. Pav. Ferry 1st 5s, 1993
42nd St. Manhattanv. St.Nlch. Av.lst 6s, 1910
Tel. 3785-3786 Rector
Taylor & Company
248 Fourth Avenue, PITTSBURGH
selected
conservative investment
NET 434% to 654%.
30 Pin©
H. P-
Tel. 4640 John
*
f^xn
THE CHRONICLE
[VOL.
ffiruracial.
OFFICE
LXXXIV
ffittaucial.
OF'THE
Capital and1
Surplus
$11,000,000
ATLANTIC MUTUAL INSURANCE COMPANY. Title guarantee
New
T
andTRCST COMPANY
York, January 22d, 1007.
Trustees, In conformity with the ('barter of the Company, submit the following statement of its affairs
on the 31&7 of Decembe r, 1'JOG.
ir
Premiums
Premiums
on
on
Marine Risks from 1st January, 1900, to 31st
Policies not marked olT 1st January, 1906__'
December, 1906
$3,190,241 07
382,191 98
176 Broadway, New York.
175 Remsen Street, Brooklyn.
198
Montague Street,
Loans
Money
Furnishes
December
Interest received during the year
Kent, less Taxes and Expenses
Losses
paid during the
year
which
1906
.
$3,081,714 32
$356,457
98
125,501 85
were
$481 ,959
Receives
257,367 31
_
.......
Premium notes and Rills Receivable
Cash In
hands of European Rankers to pay losses under
countries
Casli in bank.
.
.
.
.
.
...
.
.
.
.
—
...
.
.
...
.
...
—.
.
.
...
—..
-
Aggregatin'.1:
—
—
...
.
—
WILLIAM II. NICHOLS.
JAMES H. OLIPHANT.
11
CHARLES A. PEABODY.
JACOB H. SCHIFF.
JAMES SPEYER.
27
$5,697,108 do
-
00
00.
1, H) 1,974 8s
.
271,14 2
-
562.631
.
'
6.‘
Ci.
the
STANTON
L. SNIFFEN
Manager
Department.
FLOYD-JONES.
Secretary.
W. H. H. MOORE.
NICHOLAS F. PALMER,
HENRY PARISH.
DALLAS R. PRATT.
GEORGE W. QU1NTARD
A. A. RAVEN.
JOHN L. HIKER.
Adrian H. Muller & Son
AUCTIONEERS.
Regular Weekly Sales
DOUGLAS ROBINSON,
EWART,
RAVEN.
STOCKS and BONDS
EVERY WEDNESDAY.
Office
No.
GUSTAV II. SCHWAB.
WILLIAM A. STREET.
56
INVESTMENT
There’s nothing more
business-
safe,
more
than the securities of
an
sura
St., New York.
Railroad, Street Ry., Gas & Elec. Light
profitable—in the
telephone
Independent telephone company operating
more
SECURITIES.
AUTOMATIC TELEPHONE SYSTEM—
our
BECAUSE it gives more service, better
service, prompter service, more accurate
service, than a manual system (and also an absolutely secret service, which
no
STREET
HOOENPYL, WALBRIOGE & GO.,
7 Wall
AN
WILL1AJI
Corner !’}«» Street.
President.
CORNELIUS ELDERT. Vicr-Prrsidenf.
JAMES 1,. LIVINGSTON. °rf Vice-President.
SW’FOnn E. COBB, .3(I Vire President.
CHARLES E/ FAY, 4th Vice-President.
AS
Brooklyn Banking
OF
HERBERT L. GRIGGS.
CLEMENT A. GRISCOM,
ANSON W. HARD,
MORRIS K. J ESUP.
T.EWiS CASS LED YARD,
FRANCIS 11. LEGGETT.
CHARLES I). LEVERICH,
LEWDER N. LOVELL,
GEORGE H. MACV.
CHARLES II. MARSHALL,
A.
ARTHUR TERRY, Treasurer.
FRANK
Board,
TR US TEDS.
RICHARD H.
EDWARD O. STANLEY, Second Vice President.
Manager Banking Department.
CLINTON D. BURDICK, Third Vice President.
J. WRAY CLEVELAND, Secretary.
$12,797,823 7 2
—..
By orde- of
CLEVELAND H. DODGE,
CORNELIUS ELDERT.
CLARENCE H. KELSEY, President.
FRANK BAILEY, Vice President.
4,374,000 (JO
A dividend of Six per cent interest on the outstanding certiorates of profits will be paid to <’\f
holders thereof, or their i(*gal representatives, on and after Tuesday the Fifth of
February next.
The outstanding certiorates of the is^m* of 1 ‘>01 will be redeemed and paid to the holders
thereo-,
cr their legal
representatives, on and after Tuesday the fifth of'February next, from which de <
all Interest thereon will cease.
The certificates to be produced at tin* time of payment, and canceled
A dividend of Forty iter rent is declared on the net earned
premiums of the Company for tin
year ending 31st Decernb-r, 1906. for which, upon application, certificates will be Issued on am:
after Tuesday tlie seventn of May next.
GUSTAV A MS INC lx.
FRANCIS M. BACON.
JOHN N. REACH.
WI LET AM R. ROC ETON,
VERNON H. BROWN.
WALDRON P. RROWN,
JOSEPH H. CHAPMAN,
GEORGE C. CLARK,
EDWARD O. STANLEY
700,966 67
.
policies payable in foreign
—
'
In Charge of Banking Interests.
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MARSTON.
.
.
Company Business.
FINANCE COMMITTEE.
$1 ,00'l ,074 15
Returns of Premiums
$02,411
Expenses, including officers’ salaries and clerks’ compensation, sta¬
tionery, newspapers, advertisements, etc
$344,098
The Company has the following Assets, viz.:
United States and State of New York Stock, City, Rank and other Securities
Special deposits in Banks and Trust Companies......
Real Estate corner Wall and William Sts., and Exchange Place
$4,299.000
Other Real Estate and claims due the Company..
75,000
Bond and Mortgage.
Interest.
estimated In 1905>
$107,176 57
1 50,190 74
Dept.
Deposits subject to check, allowing
$.100,817
lie-insurances
on
Does all Trust
$1,319,041 46
Banking;
Mortgages to Investors.
83
14
1 .009,224 32
Brooklyn
Examines & guara ntees Real Estate Titles,
manual
BECAUSE
can give), and
it costs less to operate,'less to
BONDS
system
maintain, less to enlarge than a manual
system, or
TO SUM IT ALL UP, the AUTOMATIC TELEPHONE SYSTEM
produces a
better telephone service, commanding a higher
AND
ferior service can be produced for
by a manual system.
THAT IS THE REASON WHY the AUTOMATIC TELEPHONE
makes the securities of the compaiw
using it safe', stable and
and why it has been adopted by the
W. E. R. SMITH &
ALL
UNLISTED
MARKETABLE
SECURITIES.
price, at less cost than in¬
Akron. Ohio.
Allentown, Pa.
Auburn, Me.
Auburn, N. V.
Battle Creek
Aiich.
Beaver Falls. Pa.
Bellingham, Wash.
Butte. Mont.
Cadillac! Mich.
Champaign, Ill.
Chicago. III.
Cleburne. Texas.
Columbus, da.
Columbus. Ohio.
Dayton, Ohio.
Denver, Colo.
Van
20 Broad Street
-
CO.,
New York,
-
profitable,
Independent telephone companies in
the following cities:
Aberdeen. S. D.
SYSTEM
El Paso, Texas.
Emaus, Pa.
Fall River. Mass.
Grand Rapids. Mich.
Hastings, Ncbr.
Havana. Cuba.
Hazleton. Pa.
Holland. Mich.
Hopkinsville. Ky.
Jonesboro, Ark.
Lake Renton, Minn.
Lewiston. Me.
Lincoln, Xebr.
Los Angeles. Cal.
Manchester, Iowa.
M trianao. Cuba.
Marion, Ind.
Medford, Wis.
Miamisburg, Ohio.
Mt. Olive, Ill.
Santa Monica, Cal.
Saskatoon, Sa.sk., Can.
New Bedford, Mass.
Oakland, Cal.
Ocean Park. Cal.
Omaha. Nebr.
Pentwater. Mich.
Portland. Me.
Spokane, Wash.
Springfield. Mo,
St. Mary’s. Ohio.
Traverse City, Mich.
Urbana, Illinois.
Van Wert.'Ohio.
Walla Walla. Wash.
Rushville.Tnd.
Westerly. It. I.
San Diego. Cal.
San Francisco, Cal.
Morgan Streets
SECURITIES.
PRIMROSE &
York
Fire
New
Wilmington, Del.
Woodstock. N. B.. Can.
CHICAGO, U. S. A
CO.,
74 BROADWAY, NEW YORK
Wausau, Wis.
AUTOMATIC ELECTRIC CO.,
Buren and
&
INVESTMENT
Tacoma, Wash.
Toronto, Junction, Can.
Portland, Ore.
Princeton. X. J.
Richmond. Ind.
Riverside, Cal.
Rochester, Pa.
.
WEBB
Sioux City,- Iowa.
South Bend. Ind.
<1iy
BRAUN,
Bank,
Insurance
13 Exchange Blare
-
Trust
ana
Stocks
NKW
YORK.
IIA.M)-BOOK
OF
Atlantic Mutual Insurance
THE
SOUTH.
Property and Investments
Kind in all Southern States.
of every
METROPOLITAN INVESTMENT CO.,
OSO. B. EDWARDS. President, Charleston. S. C..
;
Company Ssrlp
of All Years Bought autf Sold.
Railroad Securities
Price of
JQHN JVLGILLESPIE,
Room No. 518 Atlantic Building,
49-51 Wall Street.
NEW YORK.
Single Copies,
To Subscriber* of the Chronicle,
-
-
Si OO
*73
Commercial & Financial Chronicle,
Pine
Street,
cor.
Pearl
New York
Mar. 23
1907.)
XIII
THE CHRONICLE
financial.
Notices.
Union Pacific Railroad Co.
TRANSFER OFFICE.
Notice
books
is
for
hereby
and Common Stock
Preferred
of
(which have been
of the dividends
closed for the purpose
payable April 1, 1907,)
Lincoln Trust Company
the
that
given
transfer
the
are
MADISON SQUARE, NEW YORK
BROADWAY & 72(1 ST.
BROADWAY & USPENARD ST.
NOW OPEN.
ALEX.
MILLAR, Secretary.
Offers out-of-town Banks and dormant accounts of
and individuals every facility of a modern
and well-equipped Banking and Fiduciary Institution.
1907.
120 BROADWAY, NEW YORK. MARCH 21st,
firms
Meetings.
_
NATIONAL LEAD COMPANY.
The Annual Meeting of Stockholders of Na¬
tional Lead Company will be held at the office of
the
on
Company. No. 1 Exchange Place, Jersey City
Thursday April 18, 1907, at twelve o’clock,
noon.
Transfer Books for both Preferred and Common
Stock will close at 3 p. m. March 27th, 1907. and
remain closed until April 5tli, 1907.
OFFICERS
HENRY R. WILSON, President
FREDERICK PHILLIPS, Seer.
CHARLES B. COLLINS, Cashier
EDWARD C.WILSON, Asst. Treas.
JOSEPH Z. BRAY, Asst. Secy.
G. J. BAYLES, Trust Offieer
FRANK TILFORD, Vice-President
OWEN WARD, 2d Vice-President
WILLIAM DARROW Jr., 3d V-Pres.
IRVING C. GAYLORD. 4th V-Pres.
ROBERT C. LEWIS, Treasurer
By order of Board of Directors.
CHARLES DAVISON, Secretary.
%t?L&t
TO
LEASE
large and commodious offices
The
on
the
First Floor of 66 Wall Street
extending through to Pine Street r with vault and
basement on Pine Street, now occupied by the
London Assurance Corporation, who are soon to
remove to William Street, corner Maiden Lane.
Apply to WM. O. PLATT. 56 Wall St.. R. 401
Jones, Caesar, Did;inson,Wilirtot & Co.
Public Accountants, (III.)
Certified
•
NEW, YORK
Engineers.
Brinckerhoff,
M.
H.
54 WILLIAM STBEET
Formerly General Manager and Electrical
Engineer the Metropolitan West Side Ele¬
vated RR., Chicago,
ASSOCIATED
Wm.
WITH
MEXICO, D. F.
SEATTLE
307
Apartado, 1403
Epler Block
PITTSBURGH
FRANCISCO
Monadnock Bldg.
SAN
ST. LOUIS
Stock Exchange Bldg.
CHICAGO
Tribune Bldg.
People’s Bldg.
MELBOURNE
LONDON
[AUSTRALIA]
[ENGLAND]
3 Fredericks Place, E. C.
9 Queen
Street
Barclay Parsons,
Consulting Engineers
NEW YORK
00 WALL ST.,
Examinations, Design, Construction and
Operation
ELECTRICAL 1'ROPERTIES
WHITE
Q.
CO..
A
Engineers, Contractors,
Place.
43-49 Exchange
new
BANKERS
49 Wall
Street, New
NEW YORK
-
issue
4% REQD. GOLD BONDS
York
Investigated*
Unsatisfactory Operation
J.
NEW YORK CITY
O’CONNOR & KAHLER
MATURINd NOV. 1956
MUNICIPAL BONDS
Secured by power of Taxation.
Carefully selected issues yielding
T. W. STEPHENS &
Street, New York.
2 Wall
4%% to 5%
Investigations and Reparts on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Instltatloae
CO.,
CHICAGO
BALTIMORE
let Nat* Bank Bldg.
Continental Building?.
and Investors,
Electric Railways, Electric Light and Electric
Power Plants Financed, Designed and Built.
Correspondent:
WHITE dc CO,« Limited,
London
William R. Compton
Bond & Mortgage Co.
J. G.
9 Cloak Lane, Cannon St., E. C.
Canadian
Correspondents:
CANADIAN WHITE CO.,
Montreal.
Limited,
BEADLE & MAXWELL.
Gas and Electric
NEW YORK
Examinations and Beports
CONSULTING ENGINEER
Water
Supply,
Power Plant
Sewerage Systems.
Examinations »••’*• Reports on l.atlnIndustrial Pr> jects aSpeciwlty
Amerlcau
NEW YORK
1 BROADWAY
gives a wide selection of
attractive issues in sizes of
$2,000 to $100,000.
Opinion Chicago counsel, full legal Lawrence
papers
-We buy
furnished
-direct and handle nothing
Miscellaneous
Bonds
A
and
Curb
99 BROAD ST.
MEW
sees RECTOR.
Securities
SPECIALTY*
YORK,
investors.
profit make our offerings attractive
Send for latest circular
St. Louis and
City references
WILLIAM R. COMPTON, President.
4 Wardell Building
27 AND 29
PINE ST. NEW YO.iK
421 Chestnut St.,
-fV
1
PhiladeLhia
—
<£>o
Jvcarlutj
Kansas
HERBERT H. KNOX & COMPANY
Barnum & Co.,
BANKERS.
.
brokerage
buying, large volume and small
Wall
NEW YORK
Street
BANKERS
Investment
Securities
Members New York Stock Exchange
30 Broad Street
MAX B. BORG.
conservative
for
LISTS MAILED UPON APPLICATION.
list
New York, Chicago,
ERNEST ABS-HAGEN, C.E., M.E.
Selected
BONDS
many
Close
83 Beaver St.,
f TO
) 6%
CORPORATION
School, City, County and Drainage
on
ENGINEERS
) 4%
RAILROAD
MISSOURI MUNICIPAL BONDS—
Our
Philippine Oflee. Manila. P. I.
Principal
MACON, MISSOURI.
(Established In 1889)
MUNICIPAL
-
-
-
-
NEW YORK
recommending for Investment
a
flrst-class
railroad stock yielding
over 5%, which we believe will largely
We
are
increase
London
In value.
options dealt in
furnished, upon request
Quotations
VICKER8
A
PHELP8.
New York.
29 Wall SL,
CHOICE NOTES
Circular sent on
application
XIT
THE CHRONICLE
[VOL.
Ifttraucial
giutdends.
The National Bank of North America in
Iff EQUITABLE
New York.
New York. March 14th, 1907.
The Board of Directors this day declared the
regular quarterly dividend of Two Per Cent and
an extra dividend of Three Per
Cent, payable on
TRUST COMPANY
April 1st, 1907.
Transfer books close at 3 p. m., March
20th,
and reopen at 10 a. m. April 2d, 1907.
EDWARD B. WIRE, Cashier.
OF NEW YORK
NASSAU
15
The Trust
STREET
Surplus $10,000,000
ALVIN
W.
135
THE
KRECH, President.
LAWRENCE L. GILLESPIE, Vice-President.
LYMAN RHOADES JR.• Assistant Secretary.
FREDERICK
HUGH
M.
W. FULLE, Sec. and treas
WALKER, Assistant Treasurer.
TRUSTEES.
C.
F.
Adams 2d
John F.
C
B.
Alexander
Frederick
H.
M.
Alexander
Dryden
W.
Lawrence L.
Hugo Baring
b.
H.
F.
R. Coudert
Paul D. Cravath
T.
H.
W._ H. Crocker
Otto H.
T. DeWItt
Alvin
W.
L.
F.
Force
D.
H.
William
A.
Winslow
Fulle
H. H.
Gillespie
Day
Henry C. Deming
M. Hartley Dodge
Paul
Harriman
Pierce
J.
BOARD OF DIRECTORS OF THE
TRUST COMPANY OF AMERICA has this day
declared a Quarterly Dividend of EIGHT PER
CENT (8%) and an Extra Dividend of TWO PER
CENT (2%) upon the Capital Stock of the Com¬
pany, payable April 1st, 1907.
Transfer books will be closed at 3 p. m. Thurs¬
day, March 21, 1907, and reopened at 10 a. m.
Tuesday, April 2, 1907.
FRANK L. HILTON,
ONE
Lyman Rhoades Jr.
Hubbard
Henry Smith
Kahn
Sir William C.
H.
Moffat
M.
Henry
Van Horne
Walker
George T.
Oriental Bank
of
CONSECU¬
New York
New
Gage E. Tarbell
Krech
Secretary.
HUNDRED AND EIGHTH
TIVE DIVIDEND
The
V. P. Snyder
Morton
Ralph
S.
No. 23.
Broadway, New York. March 19th, 1907.
Porter
Henry S. Redmond
Bradish Johnson
Cuyler
Company of America
Dividend
Capital $3,000,000
LXXXIY
Wilson
Rogers <Winthrop
Peters
York, March 20, 1907.
The Board of Directors have this day declared
a Quarterly Dividend of TWO AND ONE-HALF
PER CENT upon the Capital Stock of this Bank,
payable, free of tax, on April 1, 1907. The
transfer books will be closed on March 25. 1907,
at 3 p. m., and re-opened
April 2, 1907, at
10
a.
m.
GEORGE W. ADAMS, Cashier.
1
Harris Trust
(Organized
&
Savings Bank
N. w. Harris & Co. 1882.
as
BOWLING GREEN TRUST COMPANY.
26 Broadway, New York City, March 20, 1907.
The Board of Directors have thlsrday declared a
quarterly dividend of Five (5) Per Centum upon
tne
capital stock,
23rd,1907.
Incorporated 1907.)
The Transfer Books will be closed from March
THE
Special facilities for Reserves, Accounts of Banks, Individuals, Firms
Corporations. Complete equipment for handling Affaiis of Trust
Bonds for- Investment
WASHINGTON
„
Transfer books close
CHICAGO
©opavtuevsMps.
ffinideiids.
COFFIN & CO.,
DETROIT UNITED RAILWAYS.
Detroit, Mich., March 20. 1907.
The regular quarterly dividend of 1 l4 % on the
capital stock of this Company has been declared,
payable May 1, 1907.
Checks will be mailed
to stockholders of record, payable at the
office
of Kean, Van Cortlandt, & Co., New York.
Transfer books will be closed from Monday,
April 15th, 1907, at 3 p. m., until Thursday,
May 2, 1907, at 10 a. m.
G. H. RUSSEL, Treasurer.
BOSTON,
Congress Street
PHILADELPHIA.
421
Respectfully
Chestnut Street.
announce
that
WALTER
S.
PLACE has been admitted to full
membership in
firm, his Interest dating from January 1st,
this
1907.
Mr.
PLACE
will
continue
in
charge
of
the
Boston office.
ESTABLISHED
High
the
very
with
will
Grade
retirement
BOND
Corporation
shortly of a
attractive proposition for
$50,000
be
to
considered
TON OFFICE,
care
HOUSE
Bonds,
partner,
a
$100,000
of
dealing
owing
offers
to
a
special partner
capital.
confidential.
Coupons due April 1st, 1907, from the First
Mortgage 4% Bonds of tills Company, will be
paid on and after that date upon presentation at
AMERICAN
SPECIAL CAPITAL.
AN
LOUIS & WESTERN RAILROAD
COMPANY.
the office of the Central Trust
Company, 54 Wall
Street, New York City.
JAS. STEUART MACKIE, Treasurer.
fUlanlcd.
in
TOLEDO ST.
Replies
Address
BOS¬
Commercial and Financial
Chronicle, P. O. Box 958 N. Y. C.
LICENSES.
or manufacturers ready
buy .the licenses of a new invention (apparate
of steel), approved by experts and licensed in
CAR & FOUNDRY COMPANY
New York, March 6, 1907.
COMMON CAPITAL STOCK
DIVIDEND NO. 18.
At a meeting of the Board of Directors held
this day. It was resolved that a quarterly dividend
of H per cent on the Common
Capital Stock of
the Company be declared and paid on
Monday.
April 1. 1907, at the office of the Guaranty Trust
Company of New York, No. 28 Nassau Street,
New York City, to stockholders of record at the
close of business on Monday, March
11, 1907.
Transfer books will close Monday, March 11, 1907,
and re-open on Tuesday. April 2, 1907.
S.
S.
DF: LANO,
Treasurer.
D.
WANTED—Capitalists
to
20 countries.
Letters under No. 8,253 to the International
Annonce Bureau, Kclzersgracht 576 Amsterdam
Holland.)
flections.
THE
ASSOCIATED
MERCHANTS COMPANY.
Hoboken, N. J., March 23rd, 1907.
For the annual election of directors
April 17th,
1907. the transfer books will close at 3 p. m.
Wednesday, March 27th, and reopen at 10 a. m.
FYIday, April 19th, 1907.
A regular quarterly
dividend of one and one-quarter per cent and an
additional quarterly dividend of one-quarter of
one
per cent on the First Preferred stock—also a
regular quarterly dividend of one and one-half
pre cent and an additional quarterly dividend of
one-quarter of one per cent on the Second Pre¬
ferred stock—will be paid to the Preferred stock¬
holders of this company of record on April 15th,
1907.
_
•
MOSES ELY, Secretary.
AMERICAN
March 25
M. S. LOTT,
MABOUcTTg BUILDING,
35
on
CAR
A.
BIXBY
Secretary.
&
FOUNDRY COMPANY.
New York. March 6, 1907.
PREFERRED CAPITAL STOCK.
DIVIDEND NO. 32.
At a meeting of the Board of Directors held
this day, It was resolved that a dividend of 1 %
per cent on the Preferred Capital Stock of the
Company be declared and paid on Monday, April
1. 1907. at the office of the Guaranty Trust Com¬
pany of New York, No. 28 Nassau Street, New
York City, to stockholders of record at the close
of business on Monday. March 11, 1907.
Trans¬
fer books will close Monday, March 11, 1907, and
re-open on Tuesday, April 2, 1907.
S. S. DE LANO, Treasurer.
D. A. BIXBY. Secretary.
AMERICAN TELEPHONE & TELEGRAPH CO
A Dividend of Two Dollars per share will be
paid on Monday, April 15. 1907, to stockholders
of record at the close of business on
Saturday.
March 16, 1907.
The transfer books will be closed from March 18
to March 30, 1907, both days Included. '
WM. R. DRIVER, Treasurer.
and reopen
April 2, 1907.
THE
34 Pine Street.
COMPANY.
1
Correspondence Invited
BONDS
TRUST
OF THE CITY OF NE .V YORK.
Broadway, New York, March 20, 1907.
A quarterly dividend of THREE PER CENT
on the capital stock of this company has this
day
been declared, payable on and after
April 1, 1907.
280
and
YORK,
reduced, payable April 1st,
on the closing of
Saturday, March
23rd, ,1907, at 12 m., until April 2nd, 1907, at
10 a.m.
WILLIAM M. LAWS, Secretary. -
Capital and Surplus, $1,500,000
NEW
as
1907, to stockholders of record
the transfer books at 12 m. on
NEW
Secretary.
YORK TRUST COMPANY.
26 Broad Street.
The Board of Trustees has declared this day the
usual quarterly dividend of FIIGHT PF1R CENT,
payable March 30th, 1907, to stockholders of
record at the close of business March 25th, 1907.
The transfer books will close March 25th and re¬
open April 1st, 1907.
F. J. HORNE, Secretary.
New York, March 20th, 1907.
FRANKLIN TRUST COMPANY.
DIVIDEND NO. 67.
New York City, March 6th, 1907.
The Board of Trustees has this day declared a
quarterly dividend of 3 y.% upon the capital
stock of this Company, payable March 30th,
1907, to stockholders of record at close of business
March 29th, 1907.
CLINTON W. LUDLUM. Secretary.
THE
MECHANICS’
NATIONAL
BANK,
33 Wall Street,
New York, March 21st, 1907.
A quarterly dividend of THREE PER CENT
has been declared, payable on and after April 1st,
1907, to stockholders of record March 23d.
FRANK O. ROE, Cashier.
THE MARKET & FULTON
NATIONAL BANK.
New York, March 19, 1907.
A QUARTERLY dividend of Two and Onehalf Per Cent upon the capital stock of this Bank
has been declared, payable, free of tax, on and
after April 1, 1907.
The transfer books will be
closed until that date.
T. J. STEVENS.
Cashier.
Office
of
AMERICAN SMELTING & REFINING CO.
71 Broadway, N. Y. City, March 6. 1907.
QUARTERLY PFD. STOCK DIVID’D NO. 31.
The Directors of the American Smelting & Re¬
fining Company have this day declared a Dividend
of ONE AND THREE-QUARTERS (1%) PER
CENT on the Preferred Caltal Stock of the Com¬
pany, payable April 1 1907
to stockholders of
record at three o’clock p. m., March 15,1907. The
books of the Company for the transfer of the
Preferred Stock will be closed at three o’clock
p. m.. March 15, 1907, and will he reopened April
2, 1907.
W. E. MERRISS, Secretary.
ST. PAUL UNION
STOCKYARDS COMPANY.
First Mortgage 5% Gold Bonds (Coupons April
and October).
Coupon 41, due April 1st 1907,
will be taken up on behalf of the Compauy and
paid by the National Bank of Commerce In New
York and Messrs. Robert Benson & Company in
London, and by the Stockyards NationalBank
South St. Paul, Minn., on and after April 1
1907.
A. A. McKECHNIE, Secretary.
at
AMERICAN LOCOMOTIVE COMPANY.
Ill Broadway, New York. March 21, 1907.
The Board of Directors this day declared a
quarterly dividend of ONE AND THREE-QUAR¬
TERS PER CENT upon the preferred capital
stock, payable April 22, 1907, to the preferred
stockholders of record at the close of business
April 1 1907.
Checks will be mailed.
Transfer books of the preferred stock will close
3 p. m. April 1, 1907, and reopen April 22,
1907.
LEIGH BEST, Secretary.
on
at
«•
For
other
dividends
see
page
xvi
Mae. 23
xv
THE CHRONICLE-
1907J
financial
Proposals for SI,000,000 four per cent
Gold Loan of 1907 of PORTO RICO
Fiscal Agents of the Loan, invite bids
Porto Rico, to be issued under authority of an Act
and entitled “An Act authorizing the issuance by
$1,000,000 and for other purposes,” as amended by
Act of said Legislative Assembly approved February 13, 1907.
The bonds will be dated January 1, 1907, and will bear interest at the rate of Four Per Cent per annum, payable
semi-annually on January 1 and July 1.
The bonds will be in twenty series of $50,000 each, maturing annually, the first series on January 1; 1908, the lastseries
January 1, 1927. Principal and interest of the bonds will be payable in the City of New York in gold coin of
the United States of the present standard of weight and fineness, at the office of the Fiscal Agents of the Loan.
Under instructions of the Executive Council of Porto Rico,the undersigned,as
$1,000,000 FOUR PER CENT GOLD BONDS of The People of
of the Legislative Assembly of Porto Rico, approved March 8 1906,
the Insular Government of Porto Rico of bonds to the amount of
for
an
on
be issued in coupon form for $1,000 each.
Registered bonds, but only in the denomination of $5,000,
Registered bonds will be
coupon bonds of the same series.
The bonds will
will be issued in exchange for the like face amount of
transferable in New York at the office of the Fiscal Agents
of the Loan, where coupon bonds must also be presented for conversion into registered bonds.
The above-mentioned Act of the Legislative Assembly approved March 8, 1906, provides that the bonds shall be
exempt from the payment of all taxes of any kind whatsoever of the Government of the Island of Porto Rico or of any
local authority therein.
The. United States Treasury Department authorizes the statement that it will accept these bonds as security for public
deposits on precisely the same conditions as the Philippine Bonds, viz.: that the Department will accept the Four Per
Cent Gold Porto Rico Bonds at par, as security for public deposits, should further deposits be made, and permit them
to be substituted for Government Bonds now held as security for deposits, on condition that the Government bonds thus
released be used as security for additional circulation, whenever, in the judgment of the Secretary of the Treasury, it is
desirable to stimulate an increase in National Bank circulation.
The legality of this issue has been passed upon by the Attorney-General of the United States, and by Messrs. Cravath,
Henderson & de Gersdorff.
ALL BIDS must be received at the office of the undersigned, 21 BROAD STREET, NEW YORK, not later than 3 o'clock
p. m., April 3, 1907, at which time they will be opened in the presence of such of the bidders as may attend.
No bids received
after that day and hour will be considered.
Each bid must be accompanied by certifiecLcheck to the order of J. & W. Seligman & Co., Fiscal Agents, to the
amount of two per cent of the face value of bonds applied for.
The checks of unsuccessful bidders will be returned by
mail, after the opening of the bids. The checks of successful bidders will be collected, and the proceeds held until the
bonds awarded on such bids have been fully paid for, interest being allowed at the rate of three per cent per annum.
Bonds
delivered will carry interest from January 1, 1907, and bidders will be required to pay the interest accrued
said bonds up to April 8, 1V7. on which day payment for the bonds must be made against delivery of the bonds or the
delivery of interim certificates, for which it is expected that definitive bonds will be substituted on or before May 1 1907.
Failure by any bidder to make payment of the purchase price of bonds awarded to such bidder will forfeit all right
to such bonds and to the deposit accompanying his bid.
All bids should state clearly the amount per $1,000 bond (exclusive of accrued interest) which the bidder proposes
to pay, and, unless for the entire issue, should specify each series applied for and the amount bid per bond of each of
as
on
such series.
No bond can be
Unless otherwise
sold for less than par and accrued interest.
stated in the bid, each bid will be understood as being
the right being reserved to reject any or all bids.
Every bid should be enclosed in an envelope marked
Porto Rico,” and the envelope so marked should be enclosed in a second
Fiscal Agents, 21 Broad Street, New York.
THE UNDERSIGNED WILL ON APPLICATION FURNISH A COPY
OF PORTO RICO IN REGARD TO THE FINANCIAL AND ECONOMIC
for all or any part of
the bonds applied for,
“Subscriptions for Four Per Cent Gold Bonds of the Island of
envelope addressed to J. & W. Seligman & Co.,
OF A LETTER FROM THE TREASURER
CONDITION OF THE ISLAND OF PORTO
RICO.
SELIGMAN & CO., Fiscal
J. & W.
THE INTERNATIONAL BANK,
60
Loans and
discounts
Overdrafts..
Stocks and bonds..
Cash on hand and due
of business
..$2,711,903
1,948
11,600
from banks..
786,538
63
07
00
30
$3^17^90
00
$500,000 00
113,535 00
27,429 45
2,871,025 95
Capital
profits..
Surplus and undivided
Certified checks
Deposits
We have
prepared
Te epbone
Place
BRANCH OFFICE
Bristol Building, 5'h Ave. and 4‘id
Telephone 1558 Bryant
obligations for investment
WRITE FOR
CIRCULAR NO. 48
of New
BATTERY.PARK NATIONAL BANK
24 STATE
ST. (Opp. New Custom
House.)
Accounts
j Shipping and Export
Invited.
De LIMA,
President
E. A.
28 NASSAU
York
<n
St. j CALVIN TOMKINS,V.Pres. EDWIN B.DAY. Cashier
GEO. S. TALBOT, Asst. Cashier.
BO LIGHT
ST.
New York
Chicago & North Western
THE
--
1348 Broad
application
equipment bonds possess
class of railroad
FRANCKE, THOMPSON & ROBB
43 Exchange
which will be mailed upon
considerations advanced seem to
that railroad
TELEPHONE
4140 John
A SPECIALTY
Stock Exchange
circular under this title
Guaranty Trust Co.
Securities
Members N. Y.
a
Bonds
justify the conclusion
security equal or
superior to that of first mortgage bonds, combined with a net
return considerably higher, thus affording a most desirable
The
$3,511,990 00
THOS. H. HUBBARD. President.
JAMES S. FEARON. Vice-President
JOHN HUBBARD,Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT, Asst. Cashier.
Cuban
of Railroad Equipment
Investment Value
N. Y.
STREET.
WALL
Condensed Statement at the close
February 26th 1907
Agents of the Loan.
Rights
AND SOLD
SCHMIDT & GALLATIN
Members N. Y.
Tel. No. 3200
Beotor
Stock Exchange
111
BROADWAY
.
cr
xyi
THE CHRONICLE.
| VOL.
Ifitrancial.
ipinitUnds.
TOLEDO
Standard Railway Obligations
To Net
5*4 to Over 6}^%.
Price to
$100,000
New York Central & H. R. R. R
yield about
5*4%
5% Notes, F. & A., due 1910.
150,000
Michigan Central R.
-
R.
....
5% Notes, F. & A., due.1910.
100,000
200,000
5*4%
1910.
Louisville & Nashville it. R
6*4%
Atlantic Coast Line R. R. Co
6*4%
Pennsylvania R. R. Co
Missouri Pacilic Ry. Cff.
Chicago, Rock Island
6%
& Pacilic Ry
Secured Notes, A. &. O., due 1908.
100,000
Sonthern
6%
«■
Railway Co
65/s%
Portland Ry., Light & Power Co
64%
S% Gold Notes, F. & A„ due 1910.
100,000
5% Secured Notes, M. & S., due 1910.
The above
notes
in
coupon
We offer the above in lots to suit
purchasers.
Full particulars upon
application.
Street, New York
Ready for Delivery
PREPARED ESPECIALLY FOR USE OF
W.
Comparison
EARNINGS.
OPERATING
E XPENSES. CAP IT ALIZ ATI O
N, BO N D E D
INCOME
ACCOUNT. SURPLUS.
DENDS. GUARANTIES.
MUNDY.
in
OF
COST OF MAINTENANCE,
OPERATING
.RATES, FIXED CHARGES.
by
FLOYD
MILEAGE,
INCOME.
Officers of Railroads,
For
Showing Facts
to
INDEBTEDNESS, APPROPRIATION
Bankers, Brokers, Investors,
Nature of the Securities and
formation in Reference to them.
Estimating
Value of Securities
Second
Floor
OFFICE
-
-
-
NEW
TO
ATCHISON TOPEKA & SANTA
RAILWAY COMPANY.
FE
NEW YORK & HARLEM RAILROAD CO.
Treasurer’s Office, New York. March 5, 1907.
The Board of Directors of this
Company
declared a dividend of TWO PER CENT on has
the
Preferred and Common Stock, payable at this
office on the first day of April next, to
stockhold¬
ers of record at the close of
business on the 15th
day of March 1907.
N. S. BARGER, Treasurer.
MERGE NTH ALE R LINOTYPE COMPANY.
New Y'ork, March 12, 1907.
a meeting of the Board of Directors
held this
a
day
regular quarterly dividend of TWO AND
ONE-HALF PER CENT was declared,
payable
on and after March 30,
1907, to the stockholders
of record on Saturday, March
16th, 1907, at one
o’clock P.M.
The transfer books will close on Saturday. March
16, 1907, at one o’clock P. M., and rdopen on
Monday, April 1, 1907, at ten o’clock A. M.
FRED^ J. WAR BURTON,
Treasurer.
DIVIDEND. NO. 31.
A
quarterly dividend of two per cent on the
capital stock of this Company has been declared,
payable April 15, 1907, at the office of the Treas¬
131 State Street, Boston, Mass, to stock¬
holders of record at the close of business March
30. 1907.
urer,
fORK
LET
-
3,650 Square Feet
Floors can be connected.
Modern Fire-Proof Office
Building
CHARLES A. HUBBARD, Treasurer.
other
Homer Loring
dividends
see
page
xiv.
S. D. LORING.
)Qnnyil.
C. Sidney Shepard, j
Special-
Continental Insurance Company
Cedar
S. D. LORING &
Street
SON,
BANKERS,
64 Devonshire Street,
APPLY TO
44-46-48
SAN
1,650 Square Feet
-----
-
President
FRANCISCO
&
SAN
JOAQUIN
VALLEY RAILWAY COMPANY.
No.
21,
due
Coupons
April 1, 1907, from THE
SAN FRANCISCO & SAN
JOAQUIN VAL¬
LEY RAILWAY COMPANY First
Mortgage Five
Per Cent Bonds will be paid on and after that date
upon presentation at the office of Its financial
agency, The AtchlBon
Topeka & Santa Fe Rail¬
way Company, No. 5 Nassau Street, New York
City, or at the office of Its financial agency, the
Union Trust Company, San Francisco, California.
H. W. GARDINER, Assistant Treasurer.
New York, March 15, 1907.
For
Ground Floor
LOWRY,
YORK CENTRAL & HUDSON RIVER
RAILROAD COMPANY.
Office of the Treasurer, New York, March 20 1907.
THE BOARD OF DIRECTORS of this Comany has declared a dividend of ONE AND ONEALF PER CENT on Its capital stock,
payable at
this office on the 15th day of April next, to stock¬
holders of record at the close of business on Thurs¬
day, the 28 th Inst.
For the purpose of the annual election of Di¬
rectors of this Company, which will be held on the
17th day of April next, the transfer books will
be closed at 3 o’clock p.- m. on
Thursday, the
28th Inst., and reopened at 10 o’clock a.m. on
Thursday, April 18thr,- next.
El
'DWi
<rARD L. ROSSITER, Treasurer.
In¬
Price $2 OO Per Copy
advertising and distributing agents
BANKING
THOS
UNITED FRUIT COMPANY
Detailed
METROPOLITAN ADVERTISING COMPANY
CHAS. F. CLEMENT,
Sec’y & Treasurer.
DIVI¬
FOR SALE BY
« WALL HT
Semi-Annual Dividend of TWO PER CENT on
the Common Stock of this Company,
payable out
of the
surplus earnings of the calendar year 1905,
both of said dividends to be paid on
Monday, Aprl
15th, 1907, to all stockholders of record at three
P. M. of Friday, March 29th, 1907.
At
A Series of Tables and Notes
as
STE.
Coupons No. 23, due April 1, 1907, from The
Atchison Topeka and Santa Fe
Railway Com¬
GENERAL MORTGAGE
FOUR
PER
CENT BONDS will be paid on and after that
date,
upon presentation at the office of the Company,
No. 5 Nassau Street, New York.
H. W. GARDINER, Assistant Treasurer.
New York, March 15, 1907.
1907 EDITION OF THE EARNING POWER OF RAILROADS
Now
SAULT
pany
507 Chestnut St, Philadelphia
Sixth Consecutive Annual Edition
&
,
THE
IRedmond
33 Pine
ST.- PAUL
RAILWAY CO.
Minneapolis, Minn., March 16, 1907.
DIVIDEND NUMBER EIGHT.
A Semi-Annual Dividend of THREE
AND
ONE-HALF PER CENT has been declared on the
Preferred Stock of this company,
payable out of
the surplus earnings of the calendar
year 1906; and
THE
form, payable to
bearer, are readily negotiable, and offer an exception¬
ally large return upon the investment.
are
The above dividend will be
paid by check,
mailed to the latest addresses furnished
by the
stockholders to the transfer agents on or before
the closing of the books.
JAS. STEUART MACKIE,
Secretary.
NEW
5% Coll. Trust Notes, F. & A., due 1908.
250,000
PER CENT on
the preferred stock of this
Company has been de¬
by the Board of Directors out of the sur¬
plus earnings of the Company, payable
April 15,
1907, to holders of record of said stock at the close
of business on March 30, 1907.
The transfer books of the preferred stock of
this
Company will be closed at the close of business on
March 30, 1907, at the office of the
Lawyers Title
Insurance & Trust Company, Transfer
Agents,
59 Liberty Street, New York
City, and will be re¬
opened at the opening of*business on April 16,
1907.
clared
5*/2%
5% Coll. Trust Notes, M. & S., due 1910.
200,000
RAIL¬
u
S% Notes, M. & S., due 1910.
250,000
LOUIS
&
WESTERN
ROAD COMPANY.
MARIE
5$ Notes, M. & S., due 1910.
200,000
5*4%
ST.
60 Wall Street, New York, March
14, 1907.
A semi-annual dividend of TWO
MINNEAPOLIS
Lake Shore & Mich. So. Ry. Co
5Notes, F. & A., due
L XXXIV.
.
.
Boston.
INVESTMENT BONDS
Bank and
State and City Section (semi-Annually
Quotation Section (Monthly)
Street Railway Section (ThreeTUM*
Railway and Industrial Section (Quarterly)
NO. 2178.
SATURDAY, MARCH 23 1907.
VOL. 84.
ftcck ending March 10.
I
Clearings al—
%\tt ©Itrcmicle.
i
1907.
PUBLISHED WEEKLY.
"
Terms of
For One Year
For Six Months.
.
13 00
7 50
Subscription (including postage)
Subscription six months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
Subscription includes folloioing Supplements—
European
European
Rtandimr-RiiHiness
Standing
Business rards
Cards
CHICAGO
LONDON
Inch Space
Months (20
times)
' Three
(13 times)
six Months
50 00
Months
\voreester
Portland
Fall River.
.
Chicago
Cincinnati
Cleveland
Monadnock Block; TeL Harrison 4012.
OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
OFFICE—P. BarHett, 513
WILL I A]«l B.
Pine Street,
Post Office Box
Corner of Pearl
NEW YORK*
RETURNS.
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have' been
$3,290,395,944, against $3,721,708,198 last week and
$2,600,600,498 the corresponding week last year.
CLEARING HOUSE
('learings
Week
New York
Boston
Pir
-Returns by Telegraph.
ending March 23.
$1
SI ,7S1,344,347
.
..
Baltimore
130,615.155
24.653.904
.
.
......
202,070.593
57.374.058
Chicago
St. Louis
Now Orleans
.
.
.
Seven cities, 5 days._.
Other cities, 5 days..
Total all cities. 5 days
All cities. 1 day
Total all cities for
week
i +28.4
387,904,011
+21.3
+14.3
120,173.287
114,280,S54 i
20.697,072
160.939,537
40.054,331
145,700,377
.
.
Philadelphia
1 Cent.
1906.
1907.
+19.1
+21.0
+24.6
] +10.7
10,891,421
15 261,870
S2,358.721,915
415.987,780
SI,871 312,162
340,000,781
|
S2.774,709 701
515,080,243
$2,221 312.943
|
S3.290,395,944
52,000,600,498
the week covered
439,287.555
+26.0
j +22.3
+24.9
| +17.4
\
+23.7
i
by the above will be
to-day,
given next Saturday. We cannot furnish them
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
corresponding
day noon, March 16, and the results for the
week in 1906, 1905 and 1904 are also given.
Contrasted with
the week of 1906 the total for the whole country shows a
gain of 28.(1%. Outside of New York the increase over
1906 is 16.1%.
Week ending
Clearings al—
lne. or
1907.
1906.
S
$
2,514,930,126 1,866,688,656
141.345.760
144.700.688
47,073,825
55,411,962
Pittsburgh.....
26.052,703
31,117,171
Baltimore
New York
Philadelphia
8.161.010
6,518,664
Buffalo..
Washington
7,448,485
Albany
3.815,651
2.065,002
1.875.0(H)
1,469,337
1.473.767
Rochester
Scranton
Syracuse
6,686,779
5.577,209
4,737,575
3,723,212
1 .563,992
1.499,764
732,726
1,290.385
1.281.219
1.106,007
972.313
652,060
Binghamton
Greensburg
556,000
540,000
553,400
479.351
Chester
Franklin
465,979
305.000
437.938
329.180
Wilmington.
Reading
Wheeling
Wilkes-Barre
816,218
--
Erie
Harrisburg
..
.
1.175,000
1.060.446 Not included
Total Middle.. 2,683.583,786 2,112.051.328
March 10.
1904.
1905.
Nec-
1,021,402
647.397
782,626
439,843
387.800
373,026
399,838
250,390
-4-31.8*2,283.831,512;i,293.013,290
i
241.634,323
14,441,504
10,872,833
8,450.000
5.883.348
13,000,056
32,903,952
8,084,647
31.143,674
6,630,176
5,700,347
4,080,000
4,881,754
2.694.123
3.054,154
2,979.185
772,484
725,328
216,262
3.238,438
2.670,747
2.083,261
2,415,232
+ 11.3
62,012,236
22.643.376
16,051,775
8,525.764
5,753,056
6,316,455
4,574.886
53,525.564
20.007,292
....
.
4.639,OSS
5 250,413
..
Spokane
921.490
913,750
607 950
3.940.100
400,000
101.747,670
32,505,229
21,231.703
Pacific..]
Kansas Citv
i
Minneapolis
Omaha
St. Paul
Denver.
St. Joseph
Des Moines
;
!
......
1
Sioux City
Wichita
Davenport.......
{
Colorado Springs!
Cedar
Rapids
...!
Pueblo
j
Fremont
Lincoln
j
Tot. oth. West.
2,636,314
•
Louisville
!
]
j
13,329,423
]
Memphis
j
i
Atlanta
1
Nashville
Savannah
Fort Worth
Norfolk
Birmingham
Beaumont
6.170,712
5.224,331
1,848,577
57,331,572
18,732.119
13,271,866
9.170.626
.5.707,500
.5,718,828
.5.428.727
4.843,559
4,181,396
3.620,262
10.502,062
7.201.500
6,658,939
5,085.003
5.400.265
4.229,325
3.709.995
4,000.395
2,812,449
1
!
.
Knoxville
Mobile
Augusta
Charleston
Chattanooga
Jacksonville
Little Rock
91,439,776
23,908,683
16,915,998
8,072.865
6,500.000
3.361,537
2,394.407
1
Richmond
4,790,862
4.137,141
3,926,118
895,348
546.418
393.014
Not included
Not Included
10,070,063
6,852,565
St. Louis.
New Orleans
.
5,600,479
13,468,711
8.720,183
64,826,753
20,483,022
Houston
Galveston
544,000
10,057,659
2.496,963
2.034.978
1.803.749
2.462,631
1.638,471
1 913.302
1,684,129
;
j
1.540,031 i
1.590,538
1.544,072
1,475,622
1,291,898
1.101,120
1,544.072
1.168,549
330,000
587,979 j
600.000
314,750
425,000
500,000
1
1
1.475,000!
1.340.000)
...
1,669,4281
606.172
727,009|
Wilmington ,N.C.
Total Southern!
145,669.866
164,207.111
Total all
i 3.721.708.198! 2,906.481,738
OutsideN. Y.J f ,200,778,072 1,039.793.082
j
j
Canada—
Montreal
!
Toronto
1
j
Winnipeg
25,658,894
28.885,090!
25,319.899!
9.473,924!
2.679.471
i
21,927.145
6.385,663
i
3.501,175!
1.599,791 i
j
Quebec
+ 35.9
+ 25.5
+ 33.7
+ 27.3
+ 30.8
+ 24.4
+ 27.5
+ 29.5
+ 13.4
j
Calgary
|
!
i
i
;
1
Canada.!i
-
2.347.563
1.944.938
1.486.347
1,468.189
+ 13.1
+9.3
+ 0.4
+ 14.5
+ 26.2
+ 16.4
—6.3
+ 11.5
+ 1.1
+ 2.5
+ 60.2
+ 38.2
+ 36.5
+ 3.0
+ 23.9
+ 14.2
+ 14.2
+ 15-4
+ 8.1
+ 31.8
+ 19.9
+ 4.8
+ 38.3
+ 20.0
+ 12.7
+ 28.0
1.767,062!
i
1.244,342
2,647,626
1.775.252
1.107,938
2,934,653
1,840,735
1,645,042
1.178,248
764,828
670,1 IS
790,216
549,766
427,488
515,876
631,000
384,361
547.523
385,790
263.693
215,873
196,334
232,259
81.576
540,945
451,034
272,057
14,783,006
7,690,547
6,124,154
4,106,485
5.061,104
2,441,442
1.241,192
1,081.043
919.035
982,577
680,648
523,170
386,377
284,179
968,788
618,976
73,172,114
65.267.094
60,264.540
54,443,938
18,725.886
12,869,661
6,983,200
4,716.000
4,894,200
5,378.960
4.042,987
3,103,655
3,477,603
3,120,738
1,704,483
568,596
425,569
148,899
22.543,216
10.695.647
5,628,861
4.024,009
4,523,611
6,063,328
3.334,399
2.604,551
2,897,077
1.565,925
1.673,567
1,484,618
1,117,571
1.127,720
978.654
1,653,398
1,139,043
1,459,735
951,428
1.236,749
856,550
1,060,932
1,049,181
510,590
1,113,503
1.052.000
950.395
206,080
450,000
376,124
138,905.354
129,149,540
3.012,299,861 1.918.560.549
+ 16.1
942,661.962
+ 12.6
+ 15.5
+ 48.4
+ 14.1
+ 80.1
+ 7.6
25.789,565
19.015,589
5,390,844
2,191.111
1,380,545
1,622,911
1,465,163
+ 8.9
+ 42.0
+
27.3
994,083
1.265,6781
+ 5.6
980,059
1.035,401
+ 10.9
976,988
1,083,289!
1.318,785' Not included In total
total
in
Not
included
971.284,
65,414.211 + 19.6
78.208.780;
1.598,0(H)
Halifax
Hamilton
London
Victoria
St. Johns
Total
4
+ 9.5
691,706
620,340
579,168
572,814
v
+3.C
1.001,080
1.135,150
+ 20.7
993,900
1.2(H).000
+ 9.4
818,366
895.555
661.928 + 12.8
750.0(H)
+
51.4
539,550
816,974
440,442 + 24.9
550,000
+ 22.4
261.571
320,194
1.497,800 Not included In total
78,347,080 + 30.1
101,922.508
_
Edmonton
i
282,267,348
+ 3.5
+ 11.1
+ 8.1
+ 50.9
+ 22.8
+ 12.1
+ 33.7
+ 2.9
+ 67.2
+ 54.7
in total
in total
San Francisco.
Los Angeles.
Ottawa
Vancouver.
1,080,365
201,417
+ 21.4
48,092,681
•
.
743,672
251,391
351,016
III.
Jackson
Ann Arbor..
+ 13.9
_
298,893,963
49,767,294
.
I
j
4-6.4
362,838,802
South Bend.....
Decatur
Mansfield
1
1,143,210
1,052,835
887,582
843,315
484.011
441.000
307,620
372.968
133.053
490,147
477,221
392.192
360,952
367,435
306,798
294,079
247.402
140,902
+ 14.1
+ 0.03
-1-26.5
+ 6.,«
+ 25.9
+ 53.3
+ 5.9
+ 12.5
+ 18.6
+ 20.2
+20.7
+ 40.1
+ 36.8
+23.3
+ 12.1
—14.5
+ 41-9
—5.6
794.111
870,621
960.337
613,552
642.576
645.0(H)
589,372
575,785
549,576
493.916
453,212
344,058
Helena
Fargo
Sioux Falls
Oakland......
San Jose
8,907,080
5,318.514
1.479.231
919,544
791.558
Springfield. Ohio
...
14.152,736
10,473,109
133,970.738
161,875.508
21,884,900
13.386.05S
9,713.113
7.807,209
5,459,024
4.218,600
3,034.632
+ 12.1
..
Portland
Salt ]>ake Citv
Tacoma
172.111.297
196,880,817
21,541.500
2,175,535
1,970.503
5,107,306
4,855.200
1,001,102
Tot. Mid.West.
3,203,081
1,970,64-i
1,480,691
1.420,821
1,672,320
852.320
584.98C
432,379
376,303
S
116.762.S82
6.619.3(H)
2,956,612
1,674.120
1.459,274
1.036,665
1,349,332
732,994
497.732
438,813
443.008
3,847,635
.
.
152.910.651
7,127, UK
1904.
5,152.100
3,729.501
2,852,293
1.863.894
1.450,350 !
1.529.363
832,515
817,192 !
850,138
563.386
571.499
477,631
572.180
560,200
428,892
654.848
451.323
379,382
302,168
335.691
284,376
243,141
91,529
....
Jacksonville,
6.097.119
15.2
j
<>•>
..
Macon
—7.0
in total
9,369,875
+15.9
+ 12.S
+ 19.1
+ 26.1
+ 4.7
919.797
Columbus, Ga
~
14,490,717
12,297,055
2,157.419
1,787,313
S
S
%
+ 33.6 2,062,637,899 1,111.169,992
102,352,635
126.3S8.393
+ 2.4
34,079,665
40,922,173
+ 17.7
23.485,424
26,991,917
+ 19.4
6,248,202
6.513,801
+ 21.3
3,748,139
4,925,011
+ 16.9
3,341.145
3,806.088
+ 57.2
2,428,315
3,296.761
+ 2.5
1.600.0(H)
1,324,798
+ 32.0
1,176.966
1,290,713
+ 25.0
+ 15.0
—26.2
+ 20.8
+ 12.4
+ 0.5
+ 12.7
16,801.957
13,877,388
11,154,639
434.692
2,985.363
2.438,761
Topeka
The full details for
+ 25.1
+ 13.2
Quincy
Tutal
1,604,433
955,029
732,979
+
Youngstown
Akron
...
1.945,916
5,000,880
Kalamazoo
Lexington
Rockford
Fort Wayne
Bloomington
Seattle
1.976,989
204,580,813
24,071,450
..
Canton
2.093,395
180.079,725
Columbus
Toledo
Peoria
Grand Rapids
Dayton
Evansville
Street,
958.
3.497.854
7.740.752
5,348.100
Springfield. Ill
+ 15.+ 9.5
+ 24.2
+ 44.7
+ 6.2
—12.9
+ 10.2
+ 34.1
—9.1
+ 24.7
+ 13.4
207,408,321
256,101,455
27,256,300
Indianapolis
Publishers,
BAN A COMPANY.
s
463,654
Detroit..
Milwaukee
87 00
Twelve Months (52 times)
Eng.
Tot. New
%
578,291
492.952
.
.
1905.
138,277,384
8,097,400
1.281,621
660,355
New Bedford
Lowell
29 00
<
*v
Springfield
Holyoke
84
20
22 00
Two
.
......
_
Inc.
or
Ncc.
$
182,649.601
8.870.500
4,342,133 |
3.029,977
2.14)0,000 !
1.694.800 !
1,768.291
.
Providence
Hartford
New Haven.
£3 14s,
£1 11s.
(8 times)
r
Boston
I State and City (semi-annually)
| Street Railway (3 times yearly)
Terms of Advertising—Per
Transient matter per inch space (14 agate lines)
' 1906.
£
Subscription—Payable in Advance
$10 00
0 00
B *nk and Quotation (monthly)
Railway and Industrial (quarterly)
J
807.390,557
1.053.244
867,005
788,786
871,097
15.967.514
12,672.242
4,058,135
1,926.152
1,173.841
1,196,187
1.489.514
1.048,85?
775.189
543.649
742.570
60.441,800
41.594.S45
TEE FINANCIAL SITUATION.
security values Friday
Saturday of last week, after the fierce break of
the previous Wednesday and Thursday, encouraged a
hope of a possibly steady, though slow, restoration of
confidence the current week. That hope was a mere
hope, and, naturally enough, has not been fully satis¬
fied; with Monday an unsettled, nervous state returned,
the day’s market at closing experiencing a wide and
very considerable decline, though not losing all the
gain the two previous days had recorded. Tuesday
the market was likewise greatly mixed; there were both
losses and gains, accompanied with more rumors of
concealed financial weaknesses in brokerage firms than
are often crowded into one day.
Wednesday there
were evidences of a better and stronger support back
of values after reaching a certain limit in the decline,
but with that exception affairs followed closely the
course of the previous day.
Somewhat the same was
true of Thursday.
Yesterday, however, liquidation
The material recoveries in
and
became
[VOL.
THE CHRONICLE.
654
once
more
a
decided feature the market
clining generally and all day long, closing
weak at the lowest.
as a
large part born of 10 and 11 cent cotton; they would
never have been expressed, and still less found favor
anywhere even if expressed, during the long number of
dreary years that the staple ruled at 6, 7 and 8
cents a pound (the twelve years previous to 1902),
when the larger body of planters were making nothingout of their crop and their plantations were becomingyear by year less productive.
There have been since 1902 -what we may call
fortuitous factors connected with all our crop raising.
For our breadstuffs the'farmers have been getting
large crops and"remunerative prices; but besides
that, abnormal additions to population have been
received in those sections which have enabled the
older settlers to sell out their farms at
large profit
further west, or, where their holdings were
large, sell a part of them and cultivate the rest. As
a
consequence of these various - favoring circum¬
stances—the profitableness of the large crops and
high prices of the old lands at a time when buyers
with cash in their pockets were becoming more and
more
rule
riches
made
a
and go
[de¬
An announcement of influence
LXXXIV.
numerous—those
districts
were
flooded
with
beyond precedent, and not unlikely far beyond
anything that will lie experienced during the average
of the coming five or ten years.
Remember, it has
been
not
crops alone that have made the picture so
glowing. It lias been highly fortuitous circumstances
attendant upon abnormally /large crops which found
a ready market at high prices in Europe.
public at the close of the week was the declared
curtailment by the Erie Railroad of expenditures
which it had planned amounting to over $20,1)00,000.
As to what is to be the outcome of this tangle, and
th(f process by which the involvment will be readied
and digested, the public has a somewhat confused idea.
Indeed, the most serious point of the dilemma is that
The notable feature of our foreign trade statement
the American people flatter themselves with false for
February is the steady expansion of imports over
hopes and a total misconception of the seat of the dis¬ the same month of the preceding year which has latterly
organizing force to be treated. Its centre is in capital, been in greater ratio than the outflow, leaving the bal¬
the tap root of all growth in enterprise, .whatever be ance of t he merchandise trade in our favor for each
period
the character and the nature of the undertaking pro¬ less than shown a
year ago.
Hence, although the
posed. One would think that truth would have aggregate of our merchandise exports, for February
gotten possession of all minds had they no other this year was $159,548,646, which contrasts with
evidence than the recent scramble nature gave rise
$141,766,558 in 1906, the import movement was
to and set agoing as the only method for relief await¬
$123,185,209 in February against $104,232,879 last
ing the carrying trade; hence it was that our im¬ year, and only $68,833,941 in 1900.
pecunious railroads with their short-time notes in
Another peculiarity of this trade situation is that
hand made the whole circuit of Europe in the search the excesses over
corresponding periods, as exhibited
for temporary loans—the only means that could in the detailed returns of both
incoming and outgoingcarry them over the pressing exigency.
That move¬ goods for recent months, arise through increases not
ment told the whole story of the universality of the
in quantities but in values of identical classes of com¬
disease and its great depth so far as the United States modities—manufactures and materials for manufac¬
,
concerned.
Like the silver craze, it had taken
firm hold of the arteries of trade.
Were the disease
was
ture.
While this is not "at all strange as
regards im¬
ports, it is quite surprising that the outward
move¬
simply a usual case of over-exertion, the feverish¬ ment of foodst uffs should be-on a declining scale con¬
ness might not
unlikely be reduced and health renewed sidering what full grain crops we raised in 1906. Of
through moderate blood-letting, such as an ordinary course this is in some measure due to the congestion
liquidation provides. Something of that kind present which has prevailed in the railroad movement; and
optimism is looking for. Relief cannot be attained in yet breadstuffs shipments have been largely running
that direction.
behind those for the preceding fiscal year each month
The public is misguided by those who exaggerate since October, and it is
worthy-of note that the grain
the qualities and recuperative force of America’s
showing the most important measure of decrease is
industrial system. One side of the idea is sharply corn, the crop
showing the greatest enlargement in
expressed in the statement “that England must have production in 1906. In fact, the only product of agri¬
our
cotton but even Englishmen themselves can culture (and that not a
foodstuff) moving out more
dispense with consols.” That statement is based on freely this year than last is cotton, which records an
the further misconception that * after we have pro¬ increase of 19]4 million dollars for
February and a
duced our annual billions of agricultural wealth we gain of 62% million dollars for the
eight months.
have the soil left, and we are enriched by our exports
Were it not for this increased movement of cotton,
in a sense that is not true of England, whose trade our
exports of principal products—i. e., breadstuffs,
profits are on a narrower margin and obtained by a provisions, cotton and petroleum—would have aggre¬
more exhausting
process.” Those ideas are in very gated 7 million dollars less in February 1907 than in
,
Mar. 23
THE CHRONICLE.
1907.]
But there is likely soon to be a check
increased cotton movement. Cotton has gone
1906.
to the cause
to this
as
abroad
for the reasons
665
of the failure of these loan negotiations,
lie on the surface. Money is command¬
unprecedented rapidity thus far this season, the ing such high rates that it is impossible to float even
gilt-edged securities at the low figures offered by
excess exports to date having been approximately 1%
million bales whereas' foreign spinners are estimated Philadelphia and St. Louis.
The explanation generally given for the dearness of
as requiring not over half a million bales more than
last year from the United States.
With cotton ship¬ money is that, owing to the prosperity and activity of
all industrial interests, the need for new capital in re¬
ments, therefore, comparing unfavorably with 1906,
and imports continuing full, a less satisfactory con¬ productive enterprise is very great. There is cer¬
dition of our foreign trade is an imminent possibility tainly no lack of substantial foundation for this view
unless breadstuffs move out with much greater free¬ of things, but must not the distrust which has been
steadily developing in the financial world during the
dom.
^
last fifteen or eighteen months also be considered a
The
final report on cotton
ginning for the contributing cause? Lack of confidence is never re¬
present season was issued bv
the - Census Bu¬ flected more unerringly than in the money market;
reau on Wednesday.
The report, which in effect and the seriousness of the situation in that regard is
shown in the inability of the railroads for over a year
purports to cover the actual yield from the planting of
1906; makes the production 13,290,677 running or past to finance their new capital needs. As a last resort
standard bales, the total including an item of 155,704 they have been obliged within the last few weeks to
-bales yet to be ginned, as well as 321,160 bales liliters have recourse once more to short-term obligations.
from cotton-seed oil mills.
This total- agrees much These it has-been found possible to place, but only be¬
cause the rate of interest and the terms of issue were
more
closely with average opinion than did the
made very tempting.
In other words, the borrowers
crop estimate of the Department of Agriculture, but
to
have
had
pay very stiff prices for the money they
is nevertheless likely no be exceeded when final statis¬
obtained.
All
this has merely tended further to dis¬
tics are compiled.
Accepting, however, the above
total as approximately correct,, it seems to establish turb the equilibrium, for when note issues of this kind
two important contentions.
The first that the Gov¬ of very superior character can be obtained at prices
ernment’s total of acreage is. much too low, and' the that yield the buyer anywhere between 5 and 7%
second that, for this season at least, there will be no per annum, the effect can only be to contract still
further the waning-demand for municipal obligations
dearth *of American cotton.
* |
According to Air. Ellison, who is looked upon yielding much smaller returns.
Mayor Weaver, of Philadelphia, we see, is very
as
authority on the subject, the World needs
much disturbed at the city’s inability to find takers
12,371,000 bales of American cotton to meet con¬
sumptive
requirements
this season,
or
full for its 3L>% bonds and has sent a message to the
Councils containing some novel suggestions.
He urges
900,000 bales less than the growth indicated by the
Bureau.
Should he find it necessary to again mod¬ offeringjthe loan for public subscription in very small
amounts.
He thinks Philadelphia citizens are patri¬
erately increase his estimate as'he has already done
otic enough to take up the city’s loans if they are given
once, there would still be a considerable balance to
the opportunity.
Experience teaches, however, that
augment the surplus as it stood at the close of 1905-06.
The further fact that both India and Egypt, espec¬ in practical every-day affairs patriotism counts for
ially the former, promise to send to market a larger very little where a matter of dollars and cents is in¬
volved.
If a small investor can get 4% for his little
supply of cotton than in the previous season should
in connection with this indicated outturn in America hoard in a savings bank, he is not liable to hanker for
relieve any tension which may have been felt in cotton- a municipal obligation, even of the very best character,
that will return him no more than 3J^%.
But Mr.
manufacturing circles. It is yet too early to worry
Weaver makes still another and very fantastic sugges¬
about what the next crop may be.
tion.
Why would it not be a good idea, he says,for
the
city to organize a banking institution? Then it
New York City is not alone in finding it difficult to
could
finance its own needs. He points out that while
float new bond issues.
Both Philadelphia and St.
%> it is able to obtain
Louis made offerings this week and in neither case was the city cannot borrow at
the loan successful.
It is to be said, however, that only 2%. for the $12,000,1)00 of city funds which it
The city is com¬
in these instances the rate of interest was lower keeps on deposit with the banks.
than that, of last month’s New York City bond issues. pelled to have money in its treasury before it can
The rate in this city is 4% and the city succeeded in appropriate it for the carrying on of any of its extensive
disposing of nearly the whole of the $30,000,000 bonds contracts, and this explains why the amounts to the
It strikes
for which subscriptions had been invited—selling credit of the City Treasury are so large.
him that there is something “radically wrong” with
altogether $27,586,000. For the 50-year issues the
bids were in excess of the amount offered; it was only the city’s financial system when it can get only 2%
in the case of the 20-year issues and the assessment for its own moneys, and yet not borrow at 3}A%.
bonds that tl)e bids fell short.
The St. Louis offering But the two transactions are entirely distinct and
The banks must re¬
this week comprised $3,000,000 20-year bonds bearing wholly different in character.
invest the city’s moneys to get back the 2% they pay
3.65% interest. No bids whatever were received,
which is not strange considering the experience of and the matter simply resolves itself into a business
New York City with its 20-year-bonds bearing 4%. transaction as to what the banks can afford to give
for the money and make a profit on the operation.
Philadelphia offered $5,000,000 30-year bonds with
However, Mr. Weaver contends that the city could
the rate of interest but 3L>%. Only one bid, for
$125,000, was received. No one needsjto be|advised organize such a bank, deposit the money of the
with
,
,
656
THE CHRONICLE.
[VOL.
LXXXIV.
municipality therein and at the same time engage in in more senses than one; for not only have cuts and
a general banking business.
He admits that such a tunnels been dug into them, valleys filled up and rivers
bank should be officered by the very best men and bridged, but the fonnage carried annually by the rail¬
that it would be necessary absolutely to eliminate roads in the United States makes a mountain of the
politics from its management. That done, he thinks first order and is moved over a vast distance.
the city would never again find itself in the unfortunate
Mr. Fish also made some trenchant observations
position of not being able to dispose of its bonds. He with reference to the defects of our banking system.
does not elaborate this scheme—does not state how After pointing out that the high rates of interest rulingsuch a bank, if it tied up its deposits in city bonds, in this country cannot be ascribed to any deficiency
would have money to meet the calls of the depositors. in our supply of gold.or of circulating medium, he
Possibly that is a minor detail with which it is not shows that the trouble here lies, in part at least in the
necessary to bother.
But if the scheme is such uneconomic fiscal arrangements of the Government
-a plausible one for a
municipality, why would it not and in our defective banking laws. In England,
be equally well adapted for the railroads and other France, Germany and almost all other civilized coun¬
large corporations? Whenever one of these wTas hard tries banks are made depositories of Government
up and needed money all that would be necessary cfunds without security, and are encouraged, if not
would be to go to its banking department and take required, to establish branches and thereby conduct
the money out.
There would then be no further occa¬ their business with economy. In this country, on the
sion for the putting out of short-term obligations at other hand, the national banking law forbids the
high figures. Of course there is something humorous establishment of branches even in the same city or
in a suggestion of that kind, but is it any more humor¬ the same State, thereby requiring the most uneconomic
ous than the idea, with which we are all
falling in line, use of capital, and credit due to capital, and the most
that whenever anything goes wrong anywhere, all that extravagant and wasteful methods of management.
we need do is to call upon Government to assume
Our system of locking up public moneys in the Na¬
some newr function and then everything will right itself?
tional Treasury and so taking gold, or its equivalent,
out of circulation, is, he well says, a relic of barbarism
►
In an address delivered at Washington on Thursday and uneconomic and wasteful in the last degree,
afternoon before the students of the University of
The official rate of discount of the Bank of France
Pennsylvania, Mr. Stuyvesant Fish said some capital
things, the theme of his discourse being “Faith the was advanced this week to 3Uj% from 3%, at which
Basis of Finance.”
We do not at all agree with Mr. it had stood since May 24 1900.' The Bank of Brussels
Fish in his diagnosis when he seeks to account for the also advanced its official rate from 4% to
5%. With
present lack of confidence in the financial "world and these exceptions there was no change in official rates
in the security markets.
But on the great underlying- at any of the European centres. Compared with last
problems, so essential in railroad and financial affairs, week, unofficial or open market rates were
of 1%
his views remain unchanged, and he expresses them lower at London, J4 of 1% at Berlin and
Frankfort,
with a cogency and a sincerity that carries conviction. and 34 °f 1% higher at Paris.
On the convocation of
With reference to the Hepburn rate measure of last the Russian Douma this week Premier
Stolypin out¬
year, he repeats what he lias said before, namely that lined the Government program for administrative
the law is unconstitutional, is economically unsound reforms and
urged immediate action upon the budget
and has affected, and will affect, the general commercial in order that such reforms
may be carried into effect.
interests of the country adversely and more seriously
The striking feature of the statement of the New
than railroad interests.
This being' so—and we see York Associated Banks last week was the increase of
no way in which the statement can be
successfully $981,375 in the surplus reserve, to $3,033,100. This
controverted—why seek to refer the existing disturbed resulted from a reduction of $3,978,675 in reserve re¬
condition in the financial world to other and wholly quirements, less a loss of $2,997,300 in cash.
Deposits*
extraneous causes.
This law and other like happen¬ decreased $15,914,700 and loans were contracted
ings of the last dozen months must be considered as $13,386,300 ; the latter only partially reflected the li¬
being at the bottom of the existing distrust
Mr. Fish quidation of speculative'accounts on the Stock Ex¬
states what is absolutely true when he says that “no change
in that week.
railroad fortune was ever made through enhancing
rates, oppressing shippers or withstanding the general
There was a relaxation in monetary tension this week
tendency of rates to decrease.” Mr. Fish also did well and the average of loans on call was lower than in the
to lav emphasis on the part played by the railroads
previous week. This was due in part to the loaning
in the country’s development.
He quoted with ap¬ by one institution, it being a lender of large sums,
proval the statement of a French economist to the contributing to a decline in the rate to 2%. Time
effect that American railroads were largely, and espe¬ loan rates were firm,
especially for the shorter maturi¬
cially in the West, built in advance of civilization and ties, and there was a good demand for such loans in
have themselves created the traffic which they
carry. anticipation of an urgent inquiry incident to the April
Hence, more than in other countries, our railroads and May settlements for dividends and interest.
were built on faith.
In the early days, while few here
Money on call, representing bankers’ balances,
or abroad had the
courage to advance money for any loaned at the Stock Exchange during the week at 6%
railroads, this wras especially true in respect to those and at 2%, averaging about 4%; banks and trust com¬
in new and unsettled regions.
Mr. Fish likened the panies quoted 3% as the minimum. On Monday
faith of early investors in American railroads to that loans were at 6% and at
2% with the bulk of the busi¬
which the New Testament tells us “may move moun¬ ness at 5%.
On Tuesday transactions were at 5%
tains.” In fact, mountains have been moved thereby and at 3J^% with the
majority at 4%. On Wednes-
,
.
.
Mar. 23
657
THE CHRONICLE
1907.)
in request for next week’s settlement; all classes of
day loans were at 5% and at 3% with the bulk of the
business at 4%.
On Thursday transactions were at exchange then recovered to the best figures of the week.
No effort was made by American bankers to procure
5% and at 3%%, with the majority at 4%. On Fri¬
day loans were at 5% and at 4% with the bulk of the any of the gold that was offered in the London market
business at 4%%. Time contracts on good mixed Stock on Monday and $2,500,000 was bought by the Bank of
Exchange coll ateral were not freely offered and the England. There were indications, in the adv nee in
demand was fairly urgent, resulting in the maintenance the price of gold bars to 77 shillings 9% pence per
of firm rates.
Quotations are 6}fi>% f°r thirty to sixty ounce, of some demand, other than that by the Bank,
for the metal; this inquiry was probably from the Con¬
days, 6@6V£% for ninety days and 6% for four to six
months.
It is reported that there is a decline in the tinent; the price of American eagles was advanced on
market for corporation notes, indicating that those Friday to 76 shillings 5% pence per ounce. There
who bought them when they were originally offered wns an arrival at this port this week of $1,179,684
have disposed of their holdings. Commercial paper is gold from Amsterdam, consigned to a local bank.
Nominal quotations for sterling exchange are 4 80
quiet, with very little local business, and rates are
nominally quoted at 6@6}4% for sixty to ninety day for sixty day and 4 84% for sight. On Saturday of
endorsed bills receivable,
for prime and 6%% last week the market was firm, and, compared with
c
and above for
good four to six months’ single names.
previous day, long rose 5 points to 4 7855
@4 7865, short 10 points to 4 8315@4 8330 and ca¬
bles 5 points to 4 8405@4 8410.
On Monday, while
long was 15 points lower at 4 7840@4 7845, short was
20 points higher at 4 8335@4 8340 and cables 10 points
at 4 S415@4 8425.
On Tuesday long rose 25 points
to 4 7865@4 7870 but short fell 25 points to 4 8310@
4 8315 and cables 30 points to 4 8390@4 8395.
On
Wednesday long declined 5 points to 4 7860@4 7865,
short 10 points to 4 83@4 8305 and cables 15 points
to 4 8375@4 8380.
On Thursday long rose 30 points
to 4 7S90@4 79, short 30 points to 4 8330@4 8335 and
cables 25 points to 4 84@4 8410. The market was
strong on Friday at an advance of 15 points for long,
rates on
the
England rate of discount remains un¬
changed at 5%. The cable reports discounts of sixty
to ninety-day bank bills in London 5%.
The open
market rate at Paris is 3%% and at Berlin and Frank¬
fort it is 5%%.
According to our special cable from
London, the Bank of England gained £150,140 bullion
during the week and held £36,133,856 at the close of
the week.
Our correspondent further advises us that
the gain was due wholly to large purchases in the open
market.
The details of the movement into and out
of the Bank were as follows: Imports, £677,000 (of
which £7,000 from Germany, £5,000 from France
and £665,000 bought in open market, including 20 for short and 25 for cables.
The following shows daily posted rates for sterling
£51,000 American coin and £158,000 French coin);
exports, £460,000 (wholly to South America), and exchange by some of the principal drawers.
shipments of £67,000 net to the interior of Great
Thurs.,
Fri..
Wed.,
Mon.,
Tues.,
Fri.,
The Bank of
Mch. 15 Mch. 18 Mch. 19 Mch. 20 Mch. 21 Mch. 22
Britain.
Brown
Brothers & Co
80
84 V*
80
84 V*
81
85
80 v*
85
60 days 4 SO Yi
Sight.. 4 85
60 days 4 81
[Sight.. 4 85
60 days 4 81H
Sight.. 4 85 H
60 days 4 80>*
Sight.. 4 85
60 days 4 81V*
Sight.. 4 85V*
60 day's 4 80 V*
\Sight . 4 85
60 days 4 S0V*
Sight.. 4 85
1 60 days 4 so v*
1Sight-. 4 85
80
84V*
80
84 V*
SI
85
80
84 V*
80
84 H
80
84 V*
80
80
84 V*
80
84 V*
HO
80
84
V*
80
84 V*
80
84 V*
80
foreign exchange market was unsettled and lower
& Co
Bank British
North America
early in the week and on Wednesday sight sterling Bank
S0V*
of
84 J*
84 V*
85
Montreal
‘sold at 4 S3, or within 25 points of the lowest on record.
jKv* 80
80
c'SO
81
81
Canadian Bank
84
84
84 V*
85
V*
85
V*
of Commerce
The market was then chiefly influenced by the indis¬
80
80
SO
SO
80
Heidelbach, Ickel84
84
84
84
V*
V*
V*
841$
H
heimer & Co
80
80
80
80
position of foreign bankers to operate in view of the Lazard
80
84 V*
84 V*
84 V*
84 V*
84V*
Freres
80
SO
80
mi
801/2
disquieting rumors which were in circulation of em¬ Merchants' Bank
84 J*
84 V*
85
85
S4>*
of Canada
barrassments of international banking houses. Though
these rumors appeared to have no foundation, and,
The market closed on Friday at 4 79@4 7915 for
indeed, were denied fin response to cable inquiries, it
long, 4 8350@4 8360 for short and 4 8425@4 8435 for
was thought possible that there might be some serious
cables. Commercial on banks 4 7860@4 7870 and
trouble impending, and bankers were inclined to await
documents for payment 4 78@4 79%.
Cotton for
developments, for failures of drawers or acceptors of
payment 4 78@4 78%, cotton for acceptar^e 4 7860
bills might cause much inconvenience and possible
@4 7870 and grain for payment 4 79%@4 79%.
loss.
Consequently, at the decline there was com¬
paratively little support to the market. More assur¬
The following gives the week’s movement of money
ing advices brought about a partial recovery in rates
and an improvement in the tone on the following day, to and from the interior by the New York banks.
but business was only moderately active.
The ad¬
Net Interior
Received by
Shipped by
Movement.
N. Y. Banks. N.Y. Banks.
Week ending March 22 1907.
vance in the discount rate by the Bank of France and
$4,811,000 Gain $2,144,000
$6,955,000
the indications of the development of discount ten¬ Currency
346.000
1,100,000 Loss
754,000
Gold
Gain
$1,798,000
*5,911,000
sion elsewhere in Europe had some influence in im¬
$7,709,000
Total gold and legal tenders
parting a firmer tone. Easier money at the opening
With the Sub-Treasury operations and gold imports,
of the week and smaller offerings of bankers’ and com¬
result is as follows.
modity bills contributed to an advance in rates the
on Monday.
On the following day the unsettling
Out of
Net Change in
Into
Bank Holdings.
Banks.
Banks.
Week ending March 22 1907.
fall in stocks and liberal offerings of security bills
$5,911,000 Gain $1,798,000
$7,709,000
Banks' Interior movem’t as above...
1,500,000
caused a decline in exchange, and the tendency was Sub-Treas. oper. and gold Imports.. 29.900.000
28.400.000 Gain
Gain
$3,298,000
$37,609,000 $34,311,000
Todffgold and legal tenders
sharply downward, as above noted, on Wednesday
by reason of the disturbing rumors and absence of
The following table indicates the amount of bullion
support. There was a strong tone on Friday, in con¬
Baring
The
.
J
sequence
of
a
demand for remittance, and cables were
in the
principal European banks.
•
*
658
THE CHRONICLE.
March 21 1907.
March 22 1906.
Gold.
■
Bank oj
£
England..
Silver.
£
36.133,856!
France._. 104,417,083
,
'
Total.
Gold.
Silver.
i
Total.
i
£
£
£
‘ £
36.133,856* 38,630,343.
.! 38,630,343
143,039,862 116,059,013 42,031,154 158,090,167
45,271,000 37,689,000 12,563,000 50,252,000
124,827,000 92,766,000
4,613,000: 97,379,000
58,684,000 45,987,000 12,783,000 58,770.000
39,222,179
Germany.! 33,953,000. 11,318,000
Russia d._ 119.274,000
5,553,000
Aus.-Hunb 46,318,000 12,366.000
Spain
15,430,000 24,837,000, 40,267,000 15.077,000 23,692,000 38,769,000
Italy
32,461,000.
4,985,000 37,446,600 28,304,000
3,848,700 32,152,700
Neth’lamK
5,264,000
5,712,400' 10,976,400
6,053,300
6,033,800 12,087,100
Nat.Belg.
3,266,667
1,633,333
3,433,333
4,900,000
1,716,667
5.150,000
Sweden
4,161,000
| 4,161,000
3,788,000
3,788,000
..
Total week 400,679,206 105,627.512 506.306,718387.786,989 107.2S1.321 495,068.310
Prev .week 399.736,909 105,091,635 504,828,544 386,247,206 106,152,815 492,400.021
BANK OF FRANCE AND THE RISE IN MONEY.
The action of the Bank of France last
Thursday,
in
[VOL.
LXXXIV.
ening its position by an excessive export of French
capital; in other words, was lending too heavily
abroad.
The contention has never appealed very
forcibly to intelligent observers, for the reason that
France has for years been notoriously in the position
of a lender whose accruing income greatly exceeds
the requirements of his own undertakings. - That
capital, under such circumstances, should flow into
foreign investments is as natural as that a merchant
or manufacturer, when his own trade needs and
per¬
sonal expenses had been abundantly provided for,
should place in other industries his surplus profits.
It might indeed be imagined that if the French authori¬
ties intended to call a halt on outflow of capital from
Paris to other markets, the time to do so would have
been when)Russia’s demands were most importunate,
at the very time when conditions in Russia were most
alarming. No one suggested such a move as a rise
raising its official discount rate for the first time
De¬
the
times.
Last week occurred a minor change of the
same sort in’the shape of a rise in the Bank of Nether¬
lands rate—that action, fixing the institution’s highest
rate since 1873, being ascribed by European financiers in the Bank rate at that time.
to withdrawal of the moderate sum of $1,000,000 in
We presume that most people who have intelli¬
gold from£Amsterdam for New York. Even before gently watched the incidents of the past six months
these changes on the Continent there had been re¬ or more will
assign the action of the Bank to one of
peated rumors^that the Bank of England might under two causes: either directly to the New York market’s
certain circumstances restore its rate from the present power over
foreign gold reserves—a power which has
5% level to the 0% maintained between October 19 been somewhat remorselessly exercised—or else, in a
and January 17, the prediction being rather freely more
general way, to the strain of trade and specula¬
made that if large gold withdrawals for New York tion on the whole world’s
supply of capital. In so far
occurred on the London market, the advance would as concerns the New York
market, the anomalous
certainly lie made.
existing situation has long been indicated by the atti¬
such
No
were
engagements
made, notwith¬ tude of London. Setting aside the question how our
standing our own exchange on London was at a low command over European credit was obtained—whether
enough figure to make imports exceedingly profitable. through excess of merchandise exports, or through
The Bank'of England, therefore, made no advance in borrowing on finance
bills, or, more recently, through
its rate either last week or this week, and it is precisely the sale of our
railway notes to France and England—
since the acute distress of the Boer War panic in
cember 1899 is an exceedingly interesting sign of
for that
reason
that the action of the Bank of France
took the market very much by surprise.
Last autumn,
when the Bankjof England was endeavoring, through
the enforcement of its
6% rate, to prevent gold
quantity from London, it was at one
time reported that the French Bank would have to
raise its rate for defensive purposes.
It did not do
so; on the contrary, the Bank of France, which had
up to that time been opposing engagement of gold on
the Paris market, submitted willingly to the obtaining
of considerable amounts of the precious metal both
for Egypt and for New York which the Bank itself
provided rather than put up its official rate of discount.
During London’s “Baring panic” of 1890, when the
Bank of England rate went to 6%, and the Bank, to
guard against serious trouble, borrowed $15,000,000
gold from the Bank of France, the French Bank made
no change in its’own rate of discount.
This traditional
polity of caution is ascribed to the fact that, more
perhaps than any other great State institution, the
Bank of France undertakes the task of keeping the
French money market in a stable condition.
Not only
own
withdrawal in
was
this week’s advance the first in
more
than
seven
but a similar or even larger interval has fre¬
quently separated such changes in the past. For this
reason a certain importance attaches to
the French
Bank’s action as an index to European conditions gen¬
erally, such as did not perhaps apply even to the
extraordinary moves of the Bank of England in October
There are ^several possible explanations for the inci¬
dent. One is indicated by the attitude taken during
some months past by certain French financiers and
politicians, who have contended that Paris was weak¬
years,
.
the fact remains that
the international
our
market lias that
jpower
on
exchanges.
This fact needs no fur¬
proof than the state of the sterling market, where
the rate of sight exchange has for upwards of a week
stood at a level more than one cent in a pound below
what is usually considered the normal gold-import
point. Yet London sends no gold, and it is openly
asserted in English financial circles that engagements
of gold are not attempted by our bankers, partly
through dislike of disturbing London’s own position,
partly because of the intimation that such withdrawals,
on any considerable
scale, would be followed by a rise
in the Bank of England rate.
And, as a matter of
fact, this peculiar situation at New York, by which
our bankers refrain from
importing gold, notwithstand¬
ing the profit in the operation, has been matched
abroad.
Berlin exchange on London has within a
week been above the point at which gold would usually
be shipped from Germany; none has apparently been
shipped, no doubt for the reason that Germany’s
money market, too, is in a somewhat strained position.
Nor is this all; at the same time Baris exchange on
London, for which the normal gold-export point
is assumed to be 25 francs 321^ centimes to the pound
sterling, has gone as high as 25.34.
On its face this
last phenomenon would seem to indicate efforts by
London to draw on the Continental stock of gold by
way of providing for New York, while the move of
the Bank of France would mean a precautionary step
by way of guarding against too great losses on that
ther
account.
The outcome of this somewhat
is not in all
respects easy to see.
complicated position
At bottom
no one
THE
Mar. 23 1907. j
659
CHRONICLE.
method which is best described in the
of Professor Adams. After expressing his
on capital beyond the rate at. which capital itself
is language
view of the alleged distinction, in the language already
accumulating. This is no unfamiliar incident at the
climax of world-wide trade and speculative boom. quoted, Professor Adams says:
“If the above distinction is conceded, it is evident
European critics, and indeed our own authorities, have
that what is needed is an inventory by a competent
concurred in the judgment that the excessive demands,
both for trade and speculation, must at all events be engineer which would result in a classification of the
physical elements of railway properties and an assign¬
curbed until the accumulation of capital has had a ment to each element of its appropriate present value.”
chance to catch up with the world's demands.
“Let
This, of course, comes simply to the proposition that
us pray to be saved from any greater prosperity” was
the sum of the values of the different parts of a com¬
Secretary Shaw's original way of putting this very
plete whole may be more or less than the value of the
point, five months ago; “we have all that we can stand.” whole. And
how, may we ask, is the value of each
This is the problem which we have seen for at least
Is the “appropriate present
six months on our own money market, and which has part to be ascertained?
value” to be assigned to each locomotive or coach,
been at least partly solved since the opening of the year
the “commercial value” of the locomotive or coach,
by the wholesale liquidation on the New York Stock
as it stands ready to do its work as a component part
Exchange. It is not improbable that a similar process,
of the railway system, or a “physical value,” so-called,
not necessarily of equal violence, must be faced on the
to be obtained by dissecting it and taking an inven¬
foreign stock exchanges and in trade.
tory of the steel, and brass, and wood, and other
“physical elements” which it contains. Evidently
PROPOSED OFFICIAL VALUATION OF
this method leads where no man can follow.
RAILWAYS.
And what is the valuation which is not “commer¬
The latest proposal in the program of “increasing
Has the railway any value at all which is not
cial?”
supervision and control” of inter-State railways is derived from its
place as tin agency of commerce, and
that Congress provide for and authorize an official
is there anything which has value that is not an ex¬
appraisal of the railway property of the country.
pression of commerce? The very term itself answers
Probably it is assumed that if such an appraisal were
the last question in the negative.
Value is a relation
made the results would be of some considerable utility
in exchange, that is in commerce, which is expressed
in connection with the exercise of the rate-making
by means of price, and the latter is the number of
powers recently delegated to the Inter-State Commerce
units of one commodity which will be accepted in
Commission. Upon this assumption the Statistician
payment for one unit of another. The whole concept
to the Inter-State Commerce Commission, Professor
of value, and every element in it, is derived from trade
Henry C. Adams, suggests that what is now wanted
and commerce.
There is no value which is not com¬
cannot be a “commercial valuation,” and declares
mercial value, and to try to define away a part of that
that there is a difference between such a valuation
value is merely to try to justify a lower valuation for
and a “physical valuation,” saying:
one purpose than for another.
In this case the anti“The commercial valuation of railway property, in
railway agitators want to find an excuse for using a
so far as it depends upon income arising from the sale
of transportation, is the result, among other things, high valuation for purposes of taxation and a different
of an established schedule of freight and passenger and lower valuation for purposes of rate-making.
But if they had their valuation they couldn’t use
rates, from which it follows that such a valuation can
not be used for determining the reasonableness or it for rate-making purposes.
Bates never have been
unreasonableness of the rates in question. The solu¬
and never can be based upon capitalization, amount
tion of the rate problem demands a separate valuation
of
will doubt that the cause
is expansion of new
demands
tained by a
investment, value of property used, or anything
physical property. ... It is evident that
else except the worth of the service to those obtaining
a physical valuation of railway properties might be
more or might be less than the value computed from
it,modified by the influence of actual and potential
earnings on the basis of an established schedule of competition of railway and other carriers and of differ¬
freight and passenger rates, and it would be highly ent producers and the relative bargaining abilities of
desirable from many points of view to determine to
the different parties to the transportation contract.
what extent the physical valuation was more or less
If Congress should learn that the value of a particular
than the commercial valuation.”
of the
foregoing is interesting as
curiously complicated predicament in
The
illustrating the
which the regu-
involved as a consequence of their adop¬
tion of the valuation proposed. They recognize, as
lationists
are
forced to recognize, the fact that value is a
use and that, therefore, railway value is
controlled byYailway charges—past, present and pros¬
pective. But in an attempt to avoid the absurdity
of appearing to advocate the ascertainment of an effect
in order to adjust its cause to the discovered volume
and intensity which it has produced, they commit the
equal absurdity of asserting that the value which is
they
are
derivative of
$100,000,000 and should there¬
upon decree that it should not earn more in annua!
net income
than $6,000,000, and that decree should
be enforced, it would leave the rate problem precisely
where it is now.
For the rate problem is one of
relation among the charges for different services, and
such a decree would afford no answer to questions as
to how much should be charged for hauling coal, or
grain, or iron ore, or steel products, or furniture, or
other articles, or how much for hauling between particu¬
lar points among the multitude of points served.
It
railway property was
would not
even
indicate what portions
of the
aggre¬
schedule is a “commercial” value, gate revenue permitted to be earned might be derived
and that there is another value which may be turned from carrying different classes of traffic or from services
into a cause of rates. This value, which they distin¬ rendered on behalf of different communities. In fact,
if Congress should try to regulate these relations, after
guish from “commercial value,” they designate as the
“physical value,” and this they declare can be ascer¬ having fixed the aggregate net income, it would find
the effect of the rate
060
THE CHRONICLE.
that such
regulation would make the aggregate
un¬
stable.
As to the cost of this
[Vol.
lxxxiv.
sell—in this case, transportation service.
The inter¬
view with Mr. Harriman is useful in
bringing out the
precious undertaking Professor physical limitations that act as barriers against further
Adams is uncertain. Pie recalls that the State of progress along
the lines so successfully pursued in the
Michigan got an engineer to make such an inventory recent past. Mr. Harriman touched upon many other
of the railway properties within its limits and
paid things, but it is this particular point that has interested
him $1,000 per month for the task.
Further, he as¬ us most.
sumes that at the same relative cost
It is his opinion that our railroads have
per mile of line
practically
as proved
necessary in Michigan the railways of the reached the limit of car loads on the existing gauge.
whole country could be appraised for about $1,250,000. The
freight car, he pointed out, is like a bridge. The
Of course this is a small sum to those who
trucks
are the
always
piers and the body is the roadway. Now,
expect to draw upon the public purse for the funds in measure as you lengthen the body to take on more
required for even their most fantastic proposals. But load, you have got to increase the dead weight of the
tax-payers whose properties have already suffered from car to be able to carry it, and every such increase in
paternalism may be pardoned if they persist in asking dead weight means a decrease in earning capacity for
for further evidence that the results will be worth the car or for the train when a
given motive power is
their cost.
applied to move it. If we could go on increasing the
width of the cars up to a standard that would be
per¬
LIMITS ON ECONOMY IN
RAILROAD
missible on a six-foot gauge, or even a five-foot gauge,
OPERATIONS.
it would be possible to get a great deal more car
capacity
Not the least interesting part of the extended inter¬ for a
given increase in dead weight. Furthermore,
view with Mr. E. H. Harriman on the railroad situation, there
would be gain in the loading and unloading. For
printed in the New York “Times" of the 10th inst., instance, if, by increased car
capacity, you put into
was Mr. Harriman’s remark
concerning {he difficulties twenty cars freight which had previously taken up thirty
railroad managers labor under in seeking further to
cars, you require less terminal trackage for the hand¬
promote economy in railroad operations. This is cer¬ ling of the freight, you are able to
get it on and off with
tainly an important aspect of the railroad problem as greater speed, and you have the other ten cars out on
it exists to-day.
Outside of a few special items of the line earning something in the meantime.
traffic, where rates formerly had been on a non-paying
In the matter of motive power, there is added diffi¬
basis, or where special conditions have furnished occa¬ culty in the way of further
economy in operations.
It
sion for somewhat
higher freight charges, the general is Mr. Harriman s judgment that in this respect we
level of freight rates has not been advanced in recent have reached
the limit of development under steam,
years, notwithstanding that prices in the industrial so
long as the present gauge is employed. There are
world have been almost
steadily rising, and notwith¬ three ways in which an engine can grow to get more
standing that the roads have been obliged repeatedly tractive power. It must either be
lengthened, be broad¬
to raise wages and to
pay higher prices for everything ened or be made higher.
all
three directions, he
In
entering into their operating accounts.
says, we have made our engines grow as far as we can
There has been only one circumstance that has made on the
present standard gauge of four feet eight and a
it possible for the carriers to pursue this policy.
They half inches. To illustrate this point', Mr. Harriman
have been studying and developing the science of
argues as follows:
economy.
“Did you ever ride in*the cab of one of the modern
By increasing the weight of rail. by strength¬
ening and re-building their bridges and other similar freight locomotives? Well, you probably noticed the
structures, by adding to the weight and tractive power swaying back and forth that accompanied the drive of
the pistons.
That meant that the centre of gravity
of their locomotives and increasing the capacity of their
had crept up just about as high as it could go without
cars, they have greatly added to operating efficiency,
having the engine topple over when it got into action.
thereby lowering the cost of transportation service per It told you that we had gone as far as we could in build¬
unit of traffic moved.
In other words, by increasing ing engines up into the air. Now, if you will think a
the number of units in a train and thus distributing the minute you will see that there is obviously a limit in
length of fire-box beyond which it is impossible to fire
oost of running the train over a greater number of such
an engine.
And we have reached that limit as well.
units, the cost of moving each single unit has been cor¬ So there
you are. /If we increase our car capacity we
respondingly reduced. It required the expenditure of increase the unproductive dead weight that is to be
hundreds of millions of dollars to tiring the roads up to drawn disproportionately to the increase of the load,
the standard and condition permitting such achieve¬ and in so doing we are making demands upon tractive
ments.
And the public has been given the benefit of power that has already reached the limit obits develop¬
ment under present conditions.
The obvious relief,
such cheapening of the cost of railroad operations.
then, would be by widening the gauge to six feet,and
Except for this, railroad rates must inevitably have I am not sure that the railroads will not come to that
been advanced—not merely in isolated instances or on in the end."
*
special articles, but generally advanced. It. would
have been impossible for the roads to make both ends
meet in any other way.
It would
however,
if the limit of economy in
But
as
it
seems
chimerical to think
now
of
rebuilding
the railroads of the whole country and of
replacing the
entire railroad equipment, Mr. Harriman favors resort
to
operations had now been reached. and, as a consequence,
that if the things that enter into the operating accounts
electricity as the next best thing. It is his belief
that the railroads will have to come to this, not
only
for the purpose of getting a larger unit of motive
•of the railroads continue to rise, the carriers will have
and of
no
seem,
as
alternative but, to do what the
chant
and
stances,
the
producer, the
mer¬
manufacturer do in similar circum¬
namely ask
more
for the thing they have to
power
distributing it
the train-load, but on ac¬
proposition. And this brings up
another phase of the existing conditions.
With steam,
fuel is used up to carry the fuel, and there are certain
count
of the fuel
over
Mar. 23
661
THE CHRONICLE.
1907.1
along this line, just as much as there are
in the matter of car capacity or of motive power, par¬
ticularly when one considers the location of the coalproducing regions with respect to the major avenues
of traffic.
Aside from the other advantages of elec¬
tricity, there is this additional fact that you are not
losing money when you stop your train. A train
makes money when it is going somewhere, when it is
carrying something that somebody wants. When it
stops it ceases to make money and becomes a losing
proposition, because it goes right on burning up coal
without doing any work.
The electric train when
it stops is not using up any power and the only fuel
waste is that incidental to the maintenance of the system.
Mr. Harriman’s purpose in these statements was to
show first that the railroads in handling the increased
volume of traffic under present conditions, or anything
limitations
in favor of allowing the
by Federal statute to enter into enforceable
Mr. Harriman also argues
railroads
distribution of traffic. By this he
pools. The agreements that he has in
mind contemplate the distribution of traffic so that
Suppose, he argues,
it could be handled economically.
there was such a law in operation, and it were possible
to arrange for the distribution of the trans-continental
traffic between the various lines according to the
possibilities of each. In that event the road with a
low grade and small curvature could relieve the highgrade winding road of the excess of traffic that it
could not carry profitably. Similarly, a distribution
agreements for the
does not mean
accomplished—which is
absolutely impossible under present operating condi¬
tions—with resultant economies that can easily be
of classes of
freight could be
i magined.
He does not
think that such arrangements
would
approximating them, must do it at an ever-increasing tend to stifle competition. The conditions which
ratio of expense, that will tend some day to become
make certain points competitive or non-competitive
prohibitive if existing rates are to be maintained or are not to be fixed by statute, he urges. The thing
fair returns realized for their shareholders, and
that both the railroads and the shipper are anxious to
secondly that the only relief which can be obtained
get is the best possible service on the most economical
through economies of physical operations must come
basis, and it frequently happens that the very compe¬
through the outlay of enormous amounts of money
tition existing between various railroads in a given
such as would be involved in a general electrification
or a change of gauge.
The railroads are providing territory is wasteful and expensive. No railroad can
ignore the needs of its patrons or of the territory which
double track, sidings, &c., and in other ways increas¬
it undertakes to serve without inviting disaster to
ing their facilities just as fast as possible, but, do the
Mr. Harriman well says that the railroad that
itself.
best they will, the physical conditions referred to
doesn’t seek to build up the territory through which
above impose limitations beyond which it is impossible
it passes by offering good service pursues a policy that
to go.
Mr. Harriman argues in favor of cooperation
can only bring it to grief in the long run.
It dries up
between the public and the roads, to the end that
its territory.
The territory doesn’t produce anything,
existing facilities may be employed to best advantage
and then there comes a day when there is nothing for
and to the utmost extent. The railroads have been
the railroad to carry.
eight
obliged to crowd into the last six or
MUNICIPAL OWNERSHIP.
years the task of providing facilities that should have
been spread over ten years preceding.
The result is This month’s election in London, by which the num¬
that they have fairly overlapped the facilities of the ber of “Progressives” in the County Council has been
country to bring to them, with economy either to reduced from 83 to 36, together with the result of other
shipper or railroad, the goods which are to be carried. elections in Great Britain and of the elections for the
Mr. Harriman thinks this the all-important point for German Reichstag a few weeks ago, may be taken as at
co-operation between the railroads and the public, least a temporary reaction from the advance of social¬
for the failure to handle the business economically on ism or “collectivism.”
On the plea that certain en¬
the part of the shipper has generally been charged up
terprises of general importance are public utilities and
against the railroads, while the railroads’ inability to should be publicly owned and managed, municipal
handle it economically has meant less effective service. authorities in Europe have gone largely into what is
Mr. Harriman furnishes the following graphic illustra¬ called there “municipal trading.”
London has gone
tion of what he means.
far in this direction.
Not only transportation and
Now take an example.
The other week I went up to lighting, but markets, lodging houses, coal, public
Groton, Mass., where my boy is going to school. I
gardens, meals for school children, dairy farms, and
lived in my car while I was there and I couldn’t help
so on, were on the list of things actually attempted
noticing conditions in the station yard. There were
At last the taxpayers appear to
three coal cars and a box car on a siding, and unloading or to be attempted.
At have caught a spasm of alarm, and a check has been
the three coal cars were two single-horse carts.
one of the cars they were actually screening the coal
called.
as they unloaded it.
Now right on the other side of
In our own country the beginnings of the same thing
these cars there was a coal shed.
If that coal had
are
already manifest. Here, the term “municipal
been unloaded into the shed instead of into the carts,
the cars might have been moved out on the road again ownership” is preferred, as having a better sound,
to carry somebody else’s coal.
But no, they had to although the distinction is unreal; but the tendency
unload it, a cart at a time, and to tie up three cars for towards this enlargement and diversion of public
On that
the entire powers has grown in strength until it has become the
remain at trading stock of a party in our great cities. The prac¬
of thing by the tical workings of this policy abroad are therefore of
number of sidings in all the towns and villages of the the most immediate concern to us. They have been
country you will see what I mean by saying that the presented by several investigators, but by none with
facilities provided by the railroads have overlapped
such completeness as by Mr. Robert P. Porter, in a
the facilities provided by the shippers.
Yet it is put volume
issued in this present year.*
up to the railroads to increase their facilities so as to
of Municipal Ownership, by Robert P. 1 ortcr.
about three times as long as was necessary.
basis the service of two cars was lost for
time that the three cars were allowed to
Groton.
If you multiply that sort
eliminate the
congestion.
*
Dangers
662
THE CHRONICLE-
[VOL. LXXXIV.
spell ruin for a private
trader.
But even this is delusive, according to the
“Review” writer, for on the basis of a •r>% annual charge
for depreciation the average yearly result is a loss of
ago by a special committee appointed by the Legis¬ $27,395,000; “they are worked (he says) by running
into debt, which is constantly increasing, and the
lature of this State to investigate the subject:
working of them, in place of being reproductive, con¬
“As an abstract proposition, we believe that no
stitutes an additional charge on the taxes/”
government, either national, State or municipal, should
Of course this may be disputed, and a long list of
embark in a business that can be as well conducted by
private enterprise. The reverse of this proposition, British cities with reproductive undertakings is pre¬
carried out to logical conclusions, would put all busi¬
sented for our emulation. But no reasonable man will
ness enterprises under governmental management and
control, and leave to no citizen any hope, ambition or deny that when a municipality has once become
aspiration beyond that of seeking an official position that committed to such an undertaking there is a likelihood
that figures will be handled so as to make a show of
affords a meagre existence.”
Xo abstract proposition .can stand against concrete profit to the public rather than confess disagreeable
results.
Let it, therefore, be once positively shown facts and be confronted with a situation that offers
Sometimes we hear in New
that these municipal operations have produced better no means of escape.
York
the
suggestion that the streets ought to be free
service, at lower cost, than private ownership has pro¬
duced, and without causing evils which are not ex¬ to the citizens in the cars as well as on the pavements,
pressible on balance-sheets, and the case is closed. If and doubtless a free ferry would be hailed as a step in
the citizen has his tax bill increased by the same general emancipation.
But if the city transit lines
amount as he saves upon his use of public utilities he are ever “taken over” it is certain that the public will
gains nothing, and persons who do not utilize those at expect ampler and more comfortable service, even if
all—for instance, gas and transportation—would be reduced fares are not to be furnished too; the employees
mulcted for the benefit of others; but the showing of will as surely expect better pay and shorter hours;
profits must be very clear. On the contrary, it is not and the convincing reason for the change will surely be
clear, and in most cases it is delusive, being made so the claim that a profit will also be turned into the treas¬
by improper treatment of accounts. For instance, ury for reduction of taxation. How this is to be ac¬
if a certain municipal undertaking in a given year has complished will not be distinctly shown in advance; but
$125,000 revenue and real total expenses of $175,000, there is only one means by which it is possible, namely
yet a “profit” of $25,000 is desired, this can be made by discovering—and then stopping finally—some veryto appear by charging $75,000 to general account or large leaks and wastes which now exist in the manage¬
keeping out of the balance-sheet some items which ment of the roads by private companies.
In the United Kingdom, municipalizing has stran¬
properly belong there, and thus a claim of “relief of
taxes” can be set up. This is the actual method prac¬ gled development.
After 1890, the tramway com¬
ticed by British municipalities to conceal the facts. panies, confronted by “expropriation” in a few years
In Liverpool, the local debt was increased last year at their market value, naturally skinned their roads,
some $5,000,000 for street widenings solely on account
taking out the utmost revenue and spending nothing
of the municipal tramways ; yet a proposition to charge beyond absolute necessity upon them, so that the prop¬
erties went to the municipalities in a condition of pre¬
a portion of this to the tramways was defeated, because
Then the public demanded electric
if this had been done, instead of throwing the whole mature /decay.
upon account of the general taxes, the municipal traction, which was very slowly furnished, for the local
trading party would have lost their showing of “pro-v -a-trffiorities found that this really implied extension
fits.”
It is simple for a child to get a handsome as well as conversion. ° Private companies then came
profit out of eggs which his parents buy, when the par¬ forward and responded to the demand as well as they
ents supply the hens and pay for the keeping; but to could, but were fought and largely thwarted by the
put every item of outlay exactly where it belongs in¬ municipalities. A tangle resulted in which neither
terferes with desired results.
In London, the process party could furnish effectual service, and the local
of keeping accounts with a view to results has gone authorities, finding themselves committed without
farther, for an investigation showed that out of over retreat, sought to conceal the situation by blocking
four millions sterling of capital expenditure made, competition which was less unfavorably placed.
De¬
solely on account of the tramways, less than 10% had velopment of electric lighting was more signally ham¬
been debited to them, the rest being put on general pered.
The local authorities, having an exclusive
account, and the pretense that the undertakings were monopoly of lighting, fought electricity bitterly, and
of public profit being kept up.
Much is claimed for when this was seen to be futile, took it up in turn,
Glasgow, whose tramways are said to have contributed claiming a magnificent asset for the taxpayers. But
$125,000 to the taxes in 1005 out of a total revenue then came the incandescent mantle, and municipal
of nearly $4,000,000; but even if there has been no electricity works are now suffering as much from the
hiding of facts, a private company has offered to turn rivalry of gas as from bad management; but, as both
into the public treasury more than twice that claimed systems are in the same public control, consumers
co nt ribut ion.
may bo turned from one to the other at will, by
The total invested in municipal “reproductive" undertakings in the United Kingdom was estimated i of profit mnv be made for either.
Here is shown si rikfive rears ago at 8005,000.000.
A recent writer in | ingly how the taxpayers as a body may contribute to
the “Fortnightly Review” computes their yearly in- i benefits in which only a fraction of them share.
Thus
come at $05.2(10.(1(50, their expenditures at $08.810.000 : in Battersea, with jf^opulation of about 175.000. the
and their average yearly net profit at $1,890.000. | electric lighting worksVhave cost £200.000. and only
it must be admitted that the burden
of proof rests heavily upon the advocates of this mu¬
nicipal policy. This could not be better stated than it
was stated, as below, in the report made many years
At the outset,
which Mr. Porter thinks would
_
Mar. 23
663
THE CHRONICLE.
1907.]
using the light. In the metropolis a pension in New Zealand, every third person above
population of six millions, the pres¬ that age is pensioned in yictoria, and a recent proposal
is that 10 shillings a week be given to all reputable
ent electric output is 42 units per head; in New York ,
with a population not much more than one-half of persons over 05, throughout Australia, “as a right , not
as a charity,” the public debt there being, as above
London’s, the output is 2S2 units per head.
The telephone has been strangled even more signally. noted, $309 per head, against barely one dollar in
230 taxpayers are
of London, with a
At .first the Government intervened on
behalf of its
this State of New York.
Coming back to our own country, only a few months
postal service, and the courts pronounced the tele¬
phone a telegraph in legal contemplation; the tele¬ ago we had an election in New York turning in part
phone company had to come under license and was on municipal trading as an issue. Chicago has dallied
placed under control of the local authorities *bv whom with it. but has thus far halted on the brink, and
it was hampered at every point.
Then, in 1892, the when Mr. Dalrymple was brought over from Glasgovf
Government took over the main or trunk lines, leaving to point the way and furnish the encouragement, he
the local with the company, but this arrangement surprised his hosts bv declining to do either, declaring
worked slowly and badly; then, in 1899, the local that he could clearly see‘that what is feasible in Glas¬
authorities were empowered to establish and work gow is not yet so in Chicago or any other American
their own local lines in competition with both Govern¬ city.
Municipal trading boldly avows that the proper
function
of the individual is to be a sort of useful ser¬
ment and company lines.
The dual arrangement, now
become a triple one, worked as badly as from the na¬ vant on the public chess-board, discovering new things
On this, observe
ture of the telephone it should have been expected for the public scheme to undertake.
the
significance of what Mr. Bernard Shaw wrote in
to work, and the result is that Great Britain has not
1900,
in a campaign document for election uses:
had and does not now have the telephone in any such
real sense as does this country. The financial results
“If any candidate at the election shows the slightest
have been unfortunate, and even London has less than weakness on this subject he should be voted against
And the opportunity should
half as many telephones as New York per 1,000 popu¬ without regard to party.
be seized by the next Government to enlarge the powers
lation.
of local bodies until they are able to force private
London has also tried “municipal housing.” Cer¬
enterprise into its proper sphere, which is not the
tain private housing companies, working on altruistic exploitation of common needs and ascertained processes,
lines, had persuaded land-owners to turn in sites at hut the sphere of invention, initiation, and the creation
far under real values for the purpose, one titled land- of new needs and new industries.”
owner
sacrificing
some
a year in order to
But when these com¬
thousands
allow low rentals to be made.
panies sought to buy sites from the County Council,
no such consideration was shown them;
then the pri¬
example and followed it
themselves, but the housing companies still preferred
to buy of them, so that the Council found land on their
hands, and proceeded to build upon it, but “promptly
hit upon the expedient of writing down the value/’
thus making the usual pleasant financial showing.
Their building, according to natural laws in such
cases, cost more than private work; they included
various expensive “extras” for attractiveness, and
the result was that a class of persons was attracted
who could pay, while the very poorest were dishoused
by having the sites on which they had been living
converted to this purpose.
The general taxpayer was
compelled to bear an increased burden, and the very
poorest, for whom the experiment was proposed,
were reached only by being dispossessed and driven
vate land-owners noted the
elsewhere.
by comparative burdens of debt is dis¬
mally suggestive. The public debt of this country is
given as about $12 per capita, against $91 in the
United Kingdom and $309 in Australasia; the debts
of the Australian States range from $210 to $395 per
capita, while the State of Connecticut owes less than
82 per capita.
Granting that not all these debts are
chargeable to municipal trading, the comparison is
not robbed of its warning; and of 18 American cities
New York stands as having the highest per capita
debt ($114), against $99 for Glasgow, $100 for Man¬
chester, $127 for London, $148 for Birmingham, and
$113 for 18 cities together, against $41 for 18 American
cities of similar rank. In Australia, “the fools’ Para¬
dise of working-men,” where paternalism has its very
full development, every second person over 05 has
The test
Upon this, says Mr. Porter, “Russia must surely be
the municipal trader’s Paradise, and St. Petersburg
and Moscow, not Glasgow arid Spring Garden, his
ideals,” for in Russia the policy of making the indi¬
vidual the mere tool of bureaucracy has been carried
to extremes.
Nor can we safely forget that the in¬
evitable result of embarking upon the municipal
ownership policy will be to immediately create a
voting phalanx which will remain impenetrable by
any argument from principle or from actual results.
What effect the creation of the entire body of employees
of our local railroads, telephone and telegraph systems
into such a phalanx would have upon elections can
hardly be imagined, because we have no experience
of it as yet.
In Great Britain there is that experience,
and municipal trading is popular, because “the class
that supports is not the class that pays.”
In 1903,
the leader of the organized labor party congratulated
his followers
that, “while there
was
a
reduction of
of municipal employees
alone had. increased—they had even doubled.” The
wages
all around, the
wages
Municipal Employees’ Association publicly offers, “as
inducement to municipal servants to join it, the
wonderful influence at municipal elections which they
would be able to exercise.” For the municipal em¬
ployee is many, and he'always votes.* The London
journals have been giving warnings, and several public
meetings have voiced alarm within the past year.
Remembering the demoralization of public service
upon individual character (as proved by The melan¬
choly history of persons who have been in the Govern¬
ment bureaus in Washington for many years) note
carefully this from the London “Times”:
an
“In every
municipality there will be a large body
whose interest it will be to
encourage and promote expenditure; who will be cer¬
tain to unite, and will be able when united to caray
of voters and rate-payers
[VOL. LXXXIV.
THE CHRONICLE.
1
trying to undo the mistake, if such it prove
Municipal hands cannot be turned adrift.
Employment must be found for them at the expense
ofjthe rate-payers, and in due course they will agitate
for pensions, and, in the end, get them.
It will go
ill at the next election with anybody who suggests that
they be discharged because they are useless, or that
Union Pacific. Their
returns have served to make the general result a great
deal better than it otherwise would be.
The Southern
Pacific increased..its net by no less than $1,045,292
and the Union Pacific by $439,646, making almost
1^4 million dollars together. It follows that, ‘with
these two roads eliminated, we would have instead of a
loss in net of $809,874, a falling off of over 2}^ million
expenses
dollars.
has
their points.
When once a municipality
set
an establishment for carrying on any industry, it
be
up
will
no use
be.
to
should be cut down/’
RAILRQAD GROSS AND NET
JANUARY.
Southern Pacific and the
to the
EARNINGS FOR
Furthermore, though we have laid emphasis on the
difference in weather conditions, the fact is that the
roads which suffered most severely from snow block¬
ades and intense cold the present year are not at all
included in our present statement. We allude to the
Great Northern Railway and the Northern Pacific.
compilation of the gross and net earnings of
United States railroads for the month of January con¬
tains some encouraging features, but nevertheless can
hardly be regarded as a gratifying or a flattering ex¬
The only roads from that part of the country that sus¬
hibit.
There is a gain over January 1906 of $ 10,176,033, or 8.22%, but a loss of *1809,874 in the net.
Of tained important decreases which are in our tables are
the Canadian Pacific and the Minneapolis St. Paul &
course, the fact must be borne in mind that the rail-'
Sault Ste. Marie.
There is reason to think that the
roads this year have had no such special advantages
Great Northern and the Northern Pacific suffered
bv reason of weather conditions as they had last year.
These two
In 1906 the winter was unusually mild, and in January, larger losses in net than either of these.
roads cannot be included because, while they make
particularly, temperatures over large sections of the
country were extremely high for the season, the month public monthly reports of their gross, they never give
out monthly figures as to the net.
The reader will
in many instances being the warmest for more than a
see from this that railroad net earnings are really
generation. These unusual meteorological conditions
inured to the benefit of the roads in many ways. The poorer than our general summaries seem to indicate,
for, if we could have the returns of the Great Northern
present year, on the other hand, in at least one part of
and the Northern Pacific, the falling off in the net must
the country—namely, in the territory from the head
of the;Great Lakes to the Pacific Coast—the weather necessarily be very greatly increased.
Our
exceptionally severe.
But, while it is important that the difference re¬
ferred to in the character of the winter should not be
lost sight of, it will be noted that this did not prevent
a further very substantial addition to the gross earn¬
was
ings the present year, namely in amount of $10,176,033.
It is the net earnings alone that are unsatisfac¬
Increase
January.
Gross earnings
Operating expenses
Net
or
Decrease.
1906.
1907.
(97 roads.)
%
Amount.
$
s
$
133,840,690
97.553,652
123,664,663
86,507,745
+ 10.176,033
+ 10,985.907
8.22
12.69
30,287.044
37,096,918
—809,874
2.18
earnings
■
monthly compilations
record a loss in net, and in 1905 it would be necessary
tory. Expenses have been rising in such a decided to
go back to February to find a month distinguished
wav that even the very considerable further expansion
in that way.
Even taking January by itself it has
in gross revenues has not sufficed to offset the aug¬
only happened twice before during the last dozen years
mentation. And this augmentation in expenses is,
that a decrease in net has been recorded—from which
it would seem, wholly independent of the weather
the reader can see the exceptional character of such
conditions, though these latter doubtless served f*r a result. The unfortunate feature is that as the loss
make it more pronounced.
Month after month this in net is entirely due to the rise in the expenditures,
feature of enlarged expenses has. been in evidence;
and as this rise seems likely to go on for a long time to
the movement has steadily grown in magnitude and
come, there is little to encourage the idea of better
its presence long antedates the recent bad weather.
returns in the near future.
Indeed, the indications
In part as a result of the phenomenally mild winter
are that for February the showing will be still poorer.
experienced in 1906, comparison is with extraordi¬ In the following we give the January totals of gross
narily large totals of earnings last year. For instance, and net back to 1896. It will be seen that 1S97 and
in the gross the improvement in January 1906 reached
1904 are the only years recording diminished net, arid
no less than $21,824,988 and even in the net the im¬
in both these instances the gross also recorded a de¬
provement amounted to $11,676,497. That, in face crease; 1907 differs from either of these two periods
of the inauspicious weather, this gain of over 21% mil¬
in that the decrease in net is coincident with a large
lion dollars in gross in January last year should have
gain in the gross.
been followed by a further gain in January 1907 of
evidently a very encouraging circum¬
stance, indicative of the continued expansion in the
volume of the business of the roads.
But the fact
remains that, owing to the great increase in expenses,
this additional gain of over 10 million dollars in gross
brought with it no addition to the net—has in fact
been attended by an actual decrease in the net.
In
no
month of 1906 did our
closer the returns are scrutinized, the
more marked does this feature of increased expenses
become.
Two large companies, by reason of the ex¬
Moreover, the
ceptionally favorable character of their
seem to belong in a class all bv themselves.
exhibits,
We refer
A’cf Earnings.
Gross Earnings.
$10,176,033, is
|
.Tan.
1800
1897
1898
1899
1900
1901
1902
1903
1904.
1905
1900
1997
■ Increase or >
Year.
Preceding. I Decrease, j
Year
Year.
Given.
!
j
S
;
S
J 53,310.855. 48,720,980
I 51.005,589 54.015,0191
i 00,345,290 52.705,271*
Year
,
Increase or
j Preceding,j Decrease.
S
S
SIS
+4,589,S75 15,494.103 13,189,59.V + 2,304,308
—3,550.030 14.277,924 15.394,495;—1,110.571
+7,040.01!) 17.833.002 14,001,313 +3.232,349
+4,390,847 18,744,045 17,447,030, + 1,290,415
78,204,483 00,312.140'+ 11,952.343 20.384.125 20,489,925 +5,894.200
I 90.514.370 81,878,382 +8,0.35,994 30.135.751 25.911,701! +4.224,050
99,888.443’ 91,517,103 +8,371.340 32,993,.370'.30,441.403'+2,551,913
100.840.997i 92,230.740, +8,010.257 30,021.883 29,745.477i +270,400
-.101,839.230 100.087,145 —4,847,915 24,043,880 32.139,525 —8.095,039
103,041,710; 90.912.304 +0.729.340 20.583,301 23.538,414 +3,044.947
1128,560,908 100.741.980 +21.824.988 .38,073,209 20.990.772 +11070497
133,840.096 123,064,603 + 10.170.033 ■ 30,2S7.944 i 37.090.918 i — 809.874
! 03.149.98SI 58,753,141
Vote —In
'
t
1890 the number
>
of roads included in
1897. 127: in 1898. 130; in 1899.
in 1903, 105; in 1904. 103:
in 1905.
Mexican roads nor the coal-mining
cluded in any of the totals.
n
Year
Given,
the month of January was
135;
in 1902. 109:
Neither the
operations of the anthracite coal roads are in¬
115: in 1900, 114; in 1901. 130:
94: in 1900. 100. and in 1907. 97.
665
THE CHRONICLE
1907.J
Mar. 23
In addition to the roads furnishing reports of both
great rise in operating cost is also apparent
when the roads are arranged in groups, according to gross and net, there are some others which make re¬
In ports only as to the gross, comprising a number of
their location or the character of their traffic.
that case it is found that all but one of the seven groups quite important systems. The list includes the Great
Northern and Northern Pacific, already referred to,
have a diminution in net, though in the gross every
besides
the New York Central, the
group records expansion.
The one groupjhaving an Lake (among others)
Shore, the Chicago & North Western, the Milwau¬
increase in net is the South Western and South Pacific
kee & St. Paul, the Chicago St. Paul Minneapolis &
This group includes the SouthernJPacific
group.
Starting with the
Omaha and the Texas Sc Pacific.
Company, to whose exceptional’gain we have already
total of the gross in the foregoing, we add these other
referred.
As a matter of fact, however, nearly all
roads in the table we now present.
the South Western roads have done welljbecause of the
ROADS REPORTING GROSS BUT NOT NET.
extraordinary crops harvested in that section last sea¬
Increase, j Decrease.
1906.
1907.
January.
The bulk of the whole increase injgross for the
son.
j
$
$
$
$
month has been contributed by that group, and except Reported above (97 roads). 133,840,696 123,664,663 10,176.033
The
*
—
—
*
large gain in net the loss in net by United
railroads
as a whole wouldjbe of very considera¬
States
for its very
ble extent.
SUMMARY|BY GROUPS.
NewOrl & Texas Pac—
New Orl & North East’n.
Alabama & Vicksburg—
Vicks Shreve & Pacific..
Chicago Ind & Southern —
Chicago MUw & St Paul—
Chicago & Northwestern..
Chicago St Paul Minn & OCincinnati Northern
—
Cleve Cln Chicago & St L_.
Al
a
..
Earnings.
Gross
Section or
Group.
Trunk Lines (8).
Anth Coal (5)
East & Mid (13).
Mid West (14)..
NoW&N Pac(13)
SoW&SPac (16).
Southern (28)...
35.311,279
9,376,185
4,663,191
8,673.579
13,758,763
38,551.609
23.506.090
34,308.778 8.688.714
8,960,026 2,978,648
663,248
4,391,376
8.425.368 2,456,829
4.084,765
13,059,091
32.383,098 11.675,360
22.136,926 5.739.480
—809.874
2.18
+9,385
0.55
—
4,863.335
1,704,270 11,694,885
•,5.417,508
•4
The
•
*
have suffered
a
Central
Internat & Great Northern
Lake Erie & Western
Lake Shore & Mich South..
Macon & Birmingham
Michigan Central
N Y Central & Hudson Rlv
N Y Chicago & St Louis—
Northern Pacific
Pittsburgh & Lake Erie—
Montana
Rutland
There are many
companiesjwhich
reduction of their net,
gains in the gross. In
brought together the changes
show
.
Sierra Railway
Texas & Pacific
Toronto Hamilton
reveal characteristics much like
separate roads
general totals.
the
%
—793.072
9,481,786
141,029
3,119,677
—295.148
958,396
—165.077
2,621,906
—535,590
4,620,355
9,559,815 +2,115.545
—995,503
6.734,983
36,287.044 37,096,918
(4)
Detroit Toledo & Ironton..
Great Northern
Dec.
8.36
4.52
30.79
6.29
11.59
22.13
14.77
Total (97).... 133,840,696 123.664,663
Mexican
or
%
S
$
$
$
Peoria & Eastern
Inc.
1906.
1907.
1906.
1907.
January.
Earnings.
though able to
the followingjwe have
for the separate roads,
Total (123
Net increase
—
& Buff..
4,335,358
5,292,816
1,133,970
1,027,839:
50.679
441,020
443,266
106,131
3.327
4,849,550j
70,863
1,828,801
1,864,052
2,352,887
6,866i
132,786
194,749!
74,190
241,766
358,527
21,018
15,748
263,577
132,8651
284,595
148,613
139,652
245,428
4.776,378
35,251
20,861
17,900
262,627
376,427!
3,410,467!
1,057,580
43,554
193,639
757,500
413,503
237,193
546,000
456,165
3,464,616
3,408,167
56*449
13,210
2,079,74 2
7,185,768
199,084
226,726
14,006
2,278,826
7,412,494
816,297
4,165,102
1,092,148
194,895
29,237
1,606,528
55,195
211,500
796!
51.178
391.013
23,536
2,961
867,475
4,556,115
1,115,684
197,856
27,040
2,197
324,1861
1,282,342
10,108
65,303
173,212,305 162.623,883| 12, 285,0261
roads)
(6.51%)
42*662
1,696,604
! 10. 588.422
foregoing total includes every road in the coun¬
try from which it has been possible to procure returns
of gross.
It shows, it will be observed, an increase
The
(notwithstanding the very considerable losses sustained
of $30,000.
It will be observed that decreases in the by the Great Northern, the Northern Pacific and others
of that class) for the roads as a whole of $10,588,422,
gross are not numerous, but in the net the list is a long
or 6.51%.
Bearing in mind the inclemency of the
one.
weather, this certainly speaks well for the expansion
PRINCIPAL CHANGES IN GROSS EARNINGS IN JANUARY.
Increases.
!
Thejimin the volume of the business of the roads.
$62,267
Southern Pacific
$2,514,841 Bangor & Aroostook
Wabash
61,908
Atch. Topeka & Santa Fe.
930,287
provement is all the more significant as it comes after
60,209
Pennsylvania (2 roads)... y886,200 Western Maryland
58,800
Union Pacific
834,596 Phlla. Balt. & Washington
55,042 a gain of no less than $26,424,633, or 20.88%, in Janu¬
St. Louis & San Francisco
685,532 Minneapolis & St. Louis..
53,760
Rock Island System
682,087 Atlanta Blrm. & Atlantic.
50,084
ary 1906, according to the same method of compila¬
600,172 N. Y. Ontario & Western.
Missouri Kansas & Texas.
whether increases
decreases, for amounts in excess
or
Tncrpavp*
357,774j
Louisville & Nashville
Grand Trunk (4 roads)
Philadelphia & Reading..
Atlantic Coast Line..
Norfolk & Western
& Southern
Central of Georgia.
St. Louis South Western.
Illinois Central
Seaboard Air Line
Nash Chatt. & St Louis.
Mo Pac Syst (2 roads)
Denver
Rio Grande
179,107'
Colo
Kansas City
Lehigh Valley
337,734 Long Island
£234,776 Northern Central
234,484 Toledo & Ohio Central...
183,706 Georgia RR
170.715
Southern
Mobile & Ohio
Pacific Coast
Chicago tc Alton
Yazoo & Mississippi Valley
Southern Railway
Central of New Jersey....
•
Gulf &
Ship Island
Georgia Southern & Fla._
Texas Central
48,495
45,934
41,526
32.226
31,606
30,014
167,778
142,621
Total (47 roads)
$10,980,427
142,588
Decreases.
141,100
134,878 Chesapeake & Ohio
$225,528
217,163
118,833 Canadian Pacific
207,907
118,502 Baltimore & Ohio
154,415
106,617 Minn. St. Paul & S. S. M..
103,901
86,929 Cln. New Orl, & Texas Pac
75,434
77,919 Erie
35,414
66,231 Buffalo Roch & Pitts
62,747
of Pitts¬
the
and
Western lines Increased $305,000.
■PRINCIPAL
CHANGES
IN
NET EARNINGS 'IN
Increases.
JANUARY.
Decreases
■
$1,045,292 Pennsylvania (2 roads)
439,646 Chesapeake & Ohio
Union Pacific
360,747 Minn. St. Paul & S. S. M._
Missouri Kansas & Texas.
Southern Pacific
Rock Island System
Kansas City Southern
St. Louis & San Francisco
Atch. Topeka & Santa Fe.
Wabash
Mo Pac Syst (2 roads)
St. Louis Southwestern
Yazoo & Mississippi Valley
Chicago & Alton
Grand Trunk (4 roads)
Central of Georgia
Toledo St. Louis & Western
Total (19
221.415
164,648
Pacific
Baltimore & Ohio
Southern Railway
89,633
85,735 j
76,497
y
These figures
burgh and Erie.
net
on
.
66.593
65,557 Hocking Valley
34,552 Philadelphia & Reading..
33,801 Northern Central
.
31,665; Nash. Chatt. & St. Louis.
Central of New Jersey
Erie...
Phlla. Balt. & Washington
Lehigh Valley
$718,906 Norfolk & Western
447,473
440,176
Total (24 roads)
for the Railroad Co.; the Coal &
$338,800
271,263
262,242
130,984
124,017
111 ,100
96,949
96,166
80,592
76,097
70,305
66,975
£62,970
57,200
53,317
45,802
45,076
44,300
39,490
31,884
$3,712,084
Iron Company
$116,118.
cover the lines directly operated east and west of Pitts¬
The net on Eastern lines decreased $195,700 and the
These figures are
reports an Increase of
£
Illinois Central
West Jersey & Seashore. _
Atlantic Coast Line
Seaboard Air Line.
Buffalo Roch. & Pitts
Denver & Rio Grande
Cln. New Orl. & Tex. Pac.
153,774
93,507
Decreases.
Canadian
Erie.
i
$2,963,062 Wheeling & Lake
roads)
Western lines
New York,
the
To
decreased $143,100.
Editor,
The Commercial and
March 22d 1907.
Financial Chroniclet
'New York.
.$1,019,762
Total (7 roads).
the Coal & Iron Company
figures are
reports an Increase of $999,929.
V These/figures cover the lines directly operated east
west
burgh and Erie.
The gross on Eastern lines Increased $581,200 and
gross on
ACCEPTANCES.
The following communication from Mr. Paul/M.
Warburg, of the firm of Kuhn, Loeb & Co., on the
subject of acceptances, is in reply to a criticism of Mr.
E. A. de Lima made in our last issue:
THE USE OF
63.363
for the Railroad Co.;
These
x
tion.
44,500
41,939
issue of March 16th you
by Mr. E. A. de Lima which refers
Dear Sir•—In your
written
on
“The
Use of
publish a letter
to your
article
Acceptances” published in your issue
March 2d.
In this letter the statement is
of
made that any bank granting
acceptances should be obliged to keep a reserve of 25% in.
cash against such acceptances, and that the loss of interest
on this reserve would have to be charged to the customer.
This statement is wrong, both in theory and in fact.
Mr. de Lima says:
“All credit must be based on metallic
reserve, and it matters not whether the credit takes the form
of an obligation redeemable on demand or at a iixed time;
the principle is the same.”
In reply, I should like to point
out that the principle is not the same.
Deposits on demand
may be withdrawn any day.
It is cash deposited against
which, without any notice, cash may be required. It is
therefore sound banking to have a cash reserve to meet these
cash requirements in case other deposits should not equal
the withdrawals.
An acceptance credit is given on the con¬
dition that the customer receiving it will deposit in cash the
amount of the
that if
no
acceptance a few days before maturity, so
occurs there will be no outlay of cash at all
default
the accepting bank.
Europe, where banks and banking houses accept and
endorse freely, no bank is obliged to keep a cash reserve
against its acceptances, but the principle observed is that
the amount of acceptances should be in a certain proportion
to the resources of the accepting institution.
The banks
making a specialty of doing an acceptance business have their
general funds invested in such a way that in case of emer
gency, if they should be called upon to take up their accept¬
ances themselves, their assets could be easily realized upon.
Thej” carry a large amount of call loans, of bank acceptances
and of easily salable securities; but there is no need for them
to keep a large cash reserve, as under normal conditions this
particular branch of business does not require any cash.
In view of the fact that the suggestion to take up the
business of accepting and endorsing lias been generally re¬
ceived favorably by the American banking community, I
thought I should not fail to point out these facts, and I hope,
therefore, that, you will pardon me for having taken up so
much of your valuable space.
Yours truly,
the part of
on
In
PAUL M.
REDEMPTION
OF
THE
FOURS
WARBURG.
OF
1907.
The
following is the circular issued last week by Secretary
Treasury Cortelyou offering to prepay without rebate
of interest $25,000,000 of the 4s of 1907 maturing July 1
next.
Thus far, $3,656,750 of the bonds have been pre¬
sented for redemption.
of the
Circular Letter.
Division of Loans and Currency.
In accordance with the
Treasury Department,
Office of the Secretary,
Washington, March 14 1907.
provisions of existing law. the Secretary of the
Treasury hereby gives public notice that he will redeem at any time after
this date, upon presentation, the registered and coupon bonds of the 4%
funded loan of 1907 to an amount not exceeding $25,000,000, and will
pay Interest to July 1 1907 upon the bonds so presented.
Bonds Intended for redemption under this circular should be forwarded
to the Secretary of the Treasury, Division of Loans and Currency.
Registered bonds must be duly assigned to “the Secretary of the Treasury
for redemption,” the assignments being dated and witnessed by one of the
officers indicated In the note printed on the back of each bond; and where
payment Is desired in the name of any person other than the payee of such
bonds,the assignment must be
demption for account of
to “the Secretary of the Treasury for re¬
(Here Insert the name of the per¬
in whose favor redemption Is desired.)”
The circular of February 11 1907 providing for the purchase of
bonds of the funded loan of 1907 at 101 H flat Is hereby rescinded.
son
GEORGE
the 4%
B. CORTELYOU,
Secretary.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO S.
—No bank
or
trust company
at auction this week.
in these securities
was
stocks were offered for sale
Exchange the business
At the Stock
limited to sales of 20 shares of stock
of the National Bank of Commerce, in three separate
at 175 to 178.
Shares
BANK—New York.
20 Commerce, Nat. Bank of
Low.
High. Close.
175
178
175
lots,
Last previous sale.
March 1907— 182
—The Fidelity Trust Company is the name decided upon
for the institution which is to result from the combination
of the interests in the
panies of this city.
proposed Atlas and Irving Trust com¬
As noted in our item of March 9, Samuel
S. Conover is to be President of the
new
institution.
The
petition filed by Mr. Conover and his associates for the
organization of the Irving Trust Company has been used,
thus making it necessary to apply merely for a change in the
name to the Fidelity Trust.
The company will open at the
corner of Chambers and Hudson streets about May 1.
—The
lately organized Astor Trust Company on Monday,
inst, took over the business of the Astor National
Bank of this city and started business in its new offices at
Fifth Avenue and 36th Street.
The company’s attractive
banking room is finished with carved fumed oak, blue
marble and old ivory, producing a chaste and dignified effect.
There are special banking appointments for the ladies and
also a safe deposit department established on the same floor
with the main offices.
The institution is backed by strong
interests, as can be judged by its personnel. E. C. Converse,
President of the Bankers Trust Company, and until recently
President of the Liberty National Bank, is its chief execu¬
tive; Alex. H. Stevens, Seward Prosser and Thomas Coch¬
rane
Jr., are. the Vice-Presidents. Besides the officers, the
board includes: Benjamin Altman, B. Altman & Co.; John
Jacob Astor; George F. Baker, President First National
Bank; Stephen Baker, President Bank of Manhattan Com¬
pany; Geo. B. Case, White & Case, Attorneys; Henry P.
the 18th
[VOL.
THE CHRONICLE
666
LXXXIV.
Davison, Vice-President First National Bank; John I.
Downey, contractor; Harrison E. Gawtry, Consolidated Gas
Co.; Robert Walton Goelet; Adrian Iselin Jr., A. Iselin &
Co.; Thomas W. Lamont, Vice-President Bankers Trust Co.;
Edgar L. Marston, Blair & Co.; Gates W. McGarrah, Presi¬
dent Mechanics National Bank; Charles A. Peabody, Presi¬
dent Mutual Life Insurance Co.; George W. Perkins, J. P.
Morgan & Co.; William H. Porter, President Chemical Na¬
tional Bank; Roy A. Rainey; Daniel G. Reid, Rock Island
System; Douglas Robinson, real estate; Archibald D. Rus¬
sell; John F. Thompson, Vice-President Bankers Trust Co.;
Charles L. Tiffany, Vice-President Tiffany & Co., and Albert
H. Wiggin, Vice-President Chase National Bank.
—The directors of the Trust
Company of America, at 135
Broadway, this week declared the usual quarterly dividend
of 8% and 2% extra, payable to stockholders April 1.
This ,
it will be seen, is at the rate of 40% per year.
—The
European-American National Bank, whose or¬
referred to in these columns January 12, will
commence business on April 15 at
187 Greenwich Street,
corner Dey Street, this city.
This bank location is near
Washington Market and in a district which is a centre of the
meat trade and produce merchants.
The stockholders are
nearly all business men in this district. The officers will be:
M. F. Dennis, President; Frank Zotti, Vice-President; and
Osqar Newfang, Cashier. The directors and their business
connections are: George F. Drew, general contractor; M. F.
Dennis, of Dennis t& Herring; Lyman McCarty, assistant
general passenger agent Baltimore & Ohio Railroad; J. W.
Meliek, of J. W. Melick & Co.; Oscar Newfang, of the Me¬
chanics’ & Traders’ Bank; William Grant Brown, of the
law firm of Cantwell & Brown, 170 Broadway; Charles S.
Lee, general passenger agent Lehigh Valley Railroad; F. P.
Marsh; S.-F. B. Morse, President of Trinity Zinc, Lead
Smelting Co.; Albert J. Simmons,General Eastern Passenger
Agent Lehigh Valley RR.,and Ffank Zotti, private banker.
new
ganization
The
new
we
institution
will
have
houses and besides the domestic
connections
banking
banking it expects to do a
with
good foreign exchange business.
—The directors of the Hamilton Bank of this
city on the
favorably passed upon the question of increasing
the capital from $200,000 to $300,000—not $800,000, as
stated in this column February 23.
The stock will be offered
to the shareholders pro rata at $200 per share, thereby
increasing the surplus to $300,000. There will also be
undivided profits of $50,000.
The principal object in en¬
larging the capital is to provide for the opening of additional
branches.
The bank already operates four branches, and
will open the fifth on May 1 at 163d Street and Third Avenue.
6th inst
—The Manufacturers’ National Bank of
Brooklynh as in¬
dividend
quarterly
payable April 1 to
m%, or
the rate of 14% per annum. The institution
paid previously 3% at each quarterly period with an extra
2% in January 1906 and January 1907.
—The Mutual Alliance Trust Company, at 323 Grand
Street, purchased the property at 266 and 268 Grand Street
this week and will erect a new bank building for its own
The company’s down-town branch is at Han¬
occupancy.
over Square.
Another branch is to be opened at Lenox
Avenue, corner 116th Street. Both the Grand Street office
and Lenox Avenue branch will have safe deposit vaults.
creased the regular
—The board of the Oriental Bank of this
city has changed
period from semi-annual to quarterly by the
declaration of a 2^% dividend, payable April 1st.
This
is the bank’s 108th consecutive dividend.
Last year its
payments were 5% semi-annually, with an extra dividend
of 1%.
R. W. Jones Jr. is President, and George W.
Adams, Cashier.
the
dividend
—The stockholders of the Guardian Trust
Company, at
Broadway, elected the following new directors at the
recent annual meeting: James E. Nichols, of Austin, Nichols
& Co., the wholesale grocers; Erskine Hewitt, of the Trenton
Iron Company, and Charles E. F. McCann, to succeed
Leonard H. Hole, of W. N. Coler & Co.; Bird M. Robinson
and W. F. Balkam.
For the class expiring 1910, George W.
Fairchild, William A. Barber, Ludwig Nissen^ Henry S.
Manning and R. H. Rountree were re-elected to the board.
At the last call of the State Superintendent of Banking
February 26th, the company reported deposits of $5,541,000,
170
Mar. 23
T
comparing with $4,701,000 February 28 1906 and $2,517,000
on January
1 1905. Its combined capital and surplus is
$1,000,000, with net undivided profits of $132,123. The
institution added 598 new accounts in 1905 and 699 in 1906.
quarterly dividend of 2^% has been declared by the
this city, payable April 1.
Dividends heretofore have been paid semi-annually in Janu¬
—A
Market k Fulton National Bank of
ary
and July at the rate of 10% per annum.
—Announcement was made this
week of the retirement of
the executive committee (with the exception of
Charles D.
Barney) serving on the French-American Bank's American
Advisory Board. The members resigning are: William A.
Read, of William A. Read k Co.; Hans Winterfelt, of Hallgarten & Co.; Robert B. Van Cortlandt, of Kean, Van Cortlandt & Co., and Oakleigh Thorne, President Trust Company
of America.
The French-American Bank is a French cor¬
poration, better known as the Banque Franco-Americaine,
was organized over a year ago with $2,000,000 capital
by American and foreign capitalists. The withdrawal of the
New York members from its executive committee was caused
by a disagreement as to the management of its business from
this country.
S. D. Scudder, Manager of the New York
office at 5 Nassau Street, has resigned and is now connected
with the Bank of New York, 48 Wall Street.
The other
members of the American Advisory Board (not members of
the executive committee) having a stockholding interest
include:
H. Blumenthal, of Hallgarten k Co.; James W.
Gerard, liuglr J. Grant, Douglas H. Gordon, President
International Trust Co., Baltimore; J. Newman, of Isidore
Newman & Son; H. B. Parsons, President of Wells Fargo
Bank; John Skelton Williams of Richmond, Va., and P. A. B.
Widener of Philadelphia.
Henry Brunner of San Francisco,
who organized the Italian-American Trust Co. of this city,
has, it is stated, acquired about $600,000 of the FrenchAmerican Bank’s capital stock formerly held by the retiring
members of the executive committee.
which
667
THE CHRONICLE
1907.]
—An attractive booklet has been
issued by the Springfield
Springfield, Mass., for distribution among
The object is to portray the prog¬
ress of the institution from its organization in 1893 to the
present time. At its organization the bank had a capital
of $200,000 and surplus of $50,000; in July 1904 the capital
was increased to $250,000.
The surplus and profits are now*
$358,000, and the ratio of surplus to capital, it is claimed,
is the largest of any bank in Springfield.
The deposits of
the institution have steadily increased, and on February 1
1907 were reported as $2,451,110.
The bank is owned and
officered by Springfield men, with Henry H. Bowman as
President; Robert W. Day, Vice-President; Ralph P. Alden,
Cashier, and Philip S. Beebe, Assistant Cashier.
National Bank of
its
patrons and friends.
Corry has been chosen President of the First
Montpelier, Vermont, succeeding F. E.
Smith, deceased. F. A. Dwinell replaces Mr. Corry as Vice—Frank M.
National Bank of
President.
—At
a
special meeting
of the Real Estate Trust
on
the 21st inst. the stockholders
Company of Philadelphia ratified
proposition to reduce the total capitalization from
$5,300,000 to $5,000,000, through the reduction of the
preferred stock from $3,800,000 to $3,500,000. It is stated
that a meeting of the stockholders will be held on May 11 to
act on a still further reduction to not less than $4,500,000.
the
—Joseph L. Caven, for the past sixteen }rears President
Real Estate Title Insurance k Trust Company of
of the
Philadelphia, died
on
the 17th inst.
At the time of his
Vice-President of the United
Firemen’s Insurance Company and Vice-President and direc¬
tor of the United Power k Transportation Company and the
Inter-State Railways of Philadelphia.
He was formerly
active in politics and for five successive terms was re-elected
For a quarter of a cenPresident of the Common Council.
death
Mr.
Caven
was
also
tury he had been a memberftf the
was seventy-two years of age.
Board of City Trusts.
He
Brooklyn Borough was taken over
—The First Mortgage Guarantee & Trust Company of
by the Mechanics’ k Traders’ Bank of Manhattan Philadelphia began business on Monday at 927-929 Chestnut
Borough, the stockholders of the first-named institution Street, the former quarters of the failed City Trust, Safe
having on Monday rat ified the proposition to transfer its busi¬ Deposit k Surety Company. The new institution is em¬
As noted March 9, the Mechanics’ powered to conduct a general trust company business; its
ness to the Mechanics’.
k Traders’ has increased its capital from $700,000 to
principal feature, however, will be the handling of first mort¬
$2,000,000, and its directorate from nineteen to twenty- gages on guarantee. Its officers are Joseph Savidge, Presi¬
five members.
David A. Sullivan is President.
dent; John Welsh Dulles, First Vice-President and Treas¬
—The Ironbound Trust Company of Newark, N. J., has urer; Charles P. Sherman, Second
Vice-President, and
been organized with a capital of $100,000 and surplus of William E. Chapman, Secretary.
$50,000 to conduct a general banking and trust business.
—Antrim H. Jones has been appointed Second Assistant
The new concern is to begin operations on June 1 at 11 Cashier of the Central National Bank of Philadelphia.
Ferry Street. Its officers, chosen this week, are George
—Application for a charter for the Fairmount Savings
Forman, President; Charles O. Lyon and J. Henry Baeheller, Trust
Company of Philadelphia is to be made on April 8.
Vice-Presidents; and Rufus Keisler Jr., Secretary and The
proposed institution is to have a capital and surplus of
Treasurer.
Mr. Forman, the President ,is Auditor of the City
$600,000, and is to locate at Fifteenth and Race streets.
of Newark.
His term will expire with the close of 1908.
The President, it is stated, will be John Gribbel, a director
Mr. Baeheller, the Vice-President, is the City Comptroller.
of the Girard National Bank.
—James C. Gahagen, President and one of the organizers
—Charles Griffith has been elected President of the Citi¬
of the Jefferson Trust Company of Hoboken, N. J., med on
zens’ National Bank of Johnstown, Pa., to succeed the late
He was sixty-two years of age.
the 17th inst.
\
Charles F. Kress.
Thomas E. Murphy replaces Mr. Griffith
—The Middlesex Title Guarantee k Trust Company is the
as Vice-President.
name of an institution lately organized in New Brunswick,
—The stockholders of the City Bank of York, Pa., recently
N. J.
The company has a capital of $100,000, and will be
ratified a proposition to increase the capital from $100,000
under the management of George A. Viehmann, President;
to $250,000.
The enlarged capital will go into effect July 1.
Benjamin F. Howell, Vice-President; George Littqrst,
—A charter was this week granted to the United States
Secretary and Treasurer, and Charles D. Ross, Assistant
Trust Company of Washington, D. C.
The authorized
Secretary and Treasurer.
—The organization of the Bristol Trust Company of Bris¬ capital is $1,000,000, of which $500,000 is to be paid in
before starting business.
There is to be no surplus, the
tol, Conn., chartered at the present session of the Legislature,
stock being sold at par, $100.
The following officers have
was completed on the
12th inst. The following are the
been elected:
Daniel N. Morgan, President; C. J: Rixey,
officers chosen:
William E. Sessions, President; Charles E.
William J. Oliver and R. W. Beall, Vice-Presidents; Charles
Wooding, Vice-President; Francis A. Beach, Secretary And
A. Douglas, General Counsel and Trust Officer; Richard
Treasurer, and George A. Beach, Assistant Secretary and
E. Claughton, Treasurer, and James Trimble, Secretary.
Treasurer.
A one-story banking house for the new com¬
Of the above, Mr. Rixey is President of the Traders’ National
pany will be erected at the corner of Main Street and River¬
Bank of Washington; Mr. Douglas is President of a Wash¬
side Avenue.
It will commence business, it is expected,
late the present year.
The institution has an authorized ington savings bank and Mr. Beall is Vice-President of the
Citizens’ Savings Bank fiof that city.
The new institution
capital of $500,000.
is expected to open on May 1.
—The death of M. S. Chapman, President of the City
—John C. Reilly, President of the Washington National
Bank of Hartford, Conn., and ex-State Senator of Con¬
Bank and of the Washington Trust Company of Pittsburgh,
necticut, was announced this week. He was sixty-seven
died on the 20th inst.
He was sixty-tl^fce years of age.
—The Union Bank of
this week
years
old.
i
—The executive council of the Ohio Bankers’ Association
at
a meeting on the
session at- Cincinnati
14th inst. decided to hold the annual
on
June 26 and 27.
The matter of
dividing the association into groups, which has been under
consideration, has been referred to a special committee,
which is to report at the next convention.
S. B. Rankin of
South Charleston, Ohio, is Secretary of the organization.
resignation of Howard S. Rodgers as Vice-President
tendered
accepted at a meeting of the directors this week.
—The
of the Merchants’ National Bank of Cincinnati wTas
and
Savings & Banking
Company of Cincinnati have elected Bernard Kohn President
to take the place of the late S. M. McKenzie.
—The directors of the Walnut Hills
—It is announced that it has been decided to
liquidate
the business of the Farmers’ Bank of Canton, Ohio.
The
Horace G. McDowell, com¬
The bank had a capital of
$50,000.
The last statement, it is said, showed deposits of
approximately $320,000.
President
of
mitted suicide
the
on
institution,
the 13th inst.
—Authority from the Circuit Court has been received by
People’s Deposit Bank of Indianapolis, Ind., to change
its name to the People’s State Bank.
the
—It
credibly reported that the Hamilton National
Chicago will soon remove to the corner of La Salle
and Monroe streets, in the New York Life Building, formerly
occupied by the American Trust & Savings Bank. This is
the pivotal centre of the financial district of Chicago.
is
Bank of
—The
Jennings Real Estate, Loan & Trust, Company of
Chicago has of late been undergoing many transformations.
A
few
months
since, J. Elliott Jennings, President
of a large
real estate loan agency in the Chicago
First National Bank Building, concluded .to add bank¬
ing in all its departments to his business, and
to keep the institution open both night and day.
It
was
Chicago’s only “all-night bank.” -Organized under
the State banking laws, with $250,000 capital stock, this
company had, according to its last sworn statement, Jan. 28,
savings deposits of about $50,000 and demand deposits
of over $320,000.
Evidently its affairs were not progressing
satisfactorily, as last week all the savings accounts were
taken over by the Chicago Savings Bank & Trust Company;
then announcement was made that the “all-night feature”
would be given up, and now a complete change in the
control of the institution has been made.
It is said that
President
Jennings, just before his sudden departure for
on Monday night last, transferred his interests
to other parties.
Charles H. Wilcox, a director in the
Federal National Bank, has assumed the management of
the trust business with the following associates as directors:
W. A. Kjellmann, A. C. Goodrich, M. F. Russell, W. L.
Barnum, W. B. Stone. Mr. Kjellmann and Mr. Barnum
have been associated with Mr. Jennings in the past manage¬
ment; the other directors are new. The name of this com¬
pany will be changed and possibly its business location, as
California
rumor
the
has it that the Federal National Bank may occupy
present quarters of the Jennings Real Estate, Loan
Company.
\
&
Trust
—The Northwestern
National Bank of Minneapolis nas
placed its stock on a dividend basis of 10%, having last week
declared a quarterly dividend of 2 }4%.
The surplus has
also been increased from 8950,000 to $1,000,000, making it
equal to the capital. It is further announced that an ade¬
quate sum still remains to the credit of undivided profits.
An average of S% per annum has been paid to the stock¬
holders of the institution since its organization in 1872.
The stock is bid at 260.
phis, Tenn., are to meet on April 13 to vote on the propo¬
sition to increase the capital from $250,000 to $500,000.
They will also consider an amendment to the articles of as¬
with regard to the number of directors.
J. A.
Omberg was recently elected President of the institution.
sociation
—The present year’s convention of
Bankers’ Association is to be held at
the North Carolina
Durham., N. C., on
May 22, 23 and 24.
—The
Charles E. Johnson
the 11th inst.
on
the
was
LXXXIV.
elected to succeed
retiring President, and W. N. Jones was elected to the
Vice-President, which had been held by Mr. Johnson.
office of
—For the second time since its
organization in 1867, the
extended
growth in
its business during the forty years, the bank compares its
statement of March 5 1907 (the date of renewal) with those
of March 4 1887, and October 7 1867, the latter being the
nearest date obtainable to that of its organization.
On the
latest date deposits of $5,157,072 are reported, against $ 1,446 ,910in 1887and$253,629in 1867; surplus and profits are now
$611,323, comparing with $100,750 twenty years ago and
$2,654 at the earliest date. The bank started with a capital
of $200,000; the amount is now $600,000.
The officers are:
S. J. Kent, President; J. H. Fall and W. C. Dibrell, VicePresidents; J. T. Howell, Cashier; G. W. Pyle and J. S.
McHenry, Assistant Cashiers.
—The directors of the Union Savings-Bank of Atlanta,
Ga., have decided to increase the capital from $50,000 to
$100,000. The new stock will be sold at 110 and the pre¬
mium placed to the surplus.
The officers of the institution
are J. T. Holleman, President; E. J. Paxon, Vice-President;
W. L. Kemp, Treasurer, and J. W. Andrews, Secretary.
Fourth National Bank of Nashville, Tenn., has
its charter for another twenty years.
To show the
Augusta, Ga., which recently
purchase of the assets of the Equitable Trust
Company of that city, has increased its capital from $75,000
to $140,000.
The bank’s surplus at the presenf time is
$150,000.
No change has been made in its management,
which consists of Maurice Walton, President; William J.
Hollingsworth, Vice-President, and Albert S. Hatch, Cashier.
The resources of the bankwire approximately $1,000,000.
-—The Merchants’ Bank of
concluded the
—The Pensacola Bank & Trust
Company of Pensacola,
Fla., began business on the 4th inst with a capital of $200,000.
Its officers are: O. L. Bass, President; F. L. Wilkinson,
Vice-President and Trust Officer; James B. Perkins, VicePresident and Manager Real Estate Department, and G. C.
Scudmore, Cashier.
—The directors of the
Whitney-Central National Bank of
Orleans, La., have elected Charles Godchaux to the
presidency of the institution to fill the vacancy caused by
the death of George Q. Whitney.
Charles M. Whitney has
New
been elected
a
director and
a
Vice-President of the bank;
Morgan Whitney has also been elected to the board of
directors.
Bank of New Orleans, where
several changes have lately occurred in the management,
now has as officers:
President, Chas. de B. Claiborne, who
succeeds J. M. Sherrouse; Vice-Presidents, O. La Cour and
Guy Hopkins, and Cashier, Arthur B. La Cour.
—The Merchants’ National
—Beverly I). Harris has resigned
as
Cashier of the City
National Bank of Dallas to take the cashiership of the Com¬
mercial National Bank of Houston.
In the latter office,
Mr. Harris succeeds H. R.
to
Eldridge, who has been promoted
post of Vice-President. The Commercial National
has four Vice-Presidents, the others being James A.
the
now
Baker, F. Thornwell Fay and John M. Dorrance.
—Another
resignation in the City National of Dallas is
resigns as Assistant Cashier to
that of J. A. Pondrom,who
become Vice-President of the Texarkana National Bank of
Texarkana, Texas.
—Control of the Hunter-Phelan
Savings Bank & Trust
Company of Fort Worth, Texas, has passed to W. T. Wag¬
goner, Guy Waggoner, T. B. Yarbrough, J. W. Mitchell and
A. B. Wharton.
The
new
interests have secured 905 of the
1,000 shares of the
—The stockholders of the First National Bank of Mem¬
resignation of Charles H. Belvin, as President of
•edhe Raleigh (N. C.) Banking & Trust Company, tendered
on account of impaired health, was accepted by the directors
[VOL.
THE CHRONICLE.
668
institution, paying for the stock $200 per
It is stated that it is the intention of the
new owners to change the company’s name to the Waggoner
Bank & Trust Company.
The directors have elected of¬
ficers as follows: W. T. Waggoner, President; T. B. Yar¬
brough and A. B. Wharton, Vice-Presidents, and G. L. Wag¬
goner, Cashier.
Otho S. Houston and W. L. Smallwood,
formerly President and Cashier, will, it is said, open a private
bank under the name of Houston, Smallwood A' Co.
share, par 8100.
Kauffman, Secretary of the Washington Bankers’
Association, advises us that the twelfth annual convention
of that organization will be held at Spokane on June 20,
—P. C.
21 and 22.
Mar, 23
THE CHRONICLE
1907.]
DEBT STATEMENT FEBRUARY 28 1907.
IMPORTS AND EXPORTS FOR FEBRUARY.
The following statements
cash holdings of the United
of the public debt and Treasury
States are made up from official
figures issued Feb. 28 1907. For statement of Jan. 31 1907,
see issue of March 2 1907, page 486; that of Feb.
28 1906, see
March 10 1906, page 546.
The
Bureau of Statistics at Washington has issued
statement of the country’s foreign trade for January,
from it and from previous statements we have prepared
following interesting summaries:
FOREIGN TRADE MOVEMENT
Interest
Title of Loan—
Payable.
2s. consols of 1930
Q.—J.
3s. Loan of I90S-1S
Q —F.
4s. Funded loan, 1907..-Q.—J.
4s, Refund’g certificates.Q.—J.
4s. Loan of 1925
Q.—F.
Panama Canal loan, 1916 Q.—N.
Registered.
Coupon.
$
$
$
$
595.942,350 5S9.814.250 6.12S.100 595,942.350
198.792,660 35,751,160 28,194,300 63.945,460
740,933,650
84.077.500 27.618.S00 111.696,300
40,012,750
25,500
162,315.400 94,226.850 24.263.050 118,489.900
30,000,000 29.978,440
21.560 30.000,000
-
Note.—Denominations of bonds are:
Of $10, only refunding certificates; of $20, loan of 1908; coupon and registered.
Of $50, all issues except 3s of 1908; of $100, all issues.
Of S500, all except 5s of 1904, coupon; of $1,000, all issues.
Of $5,000, all registered 2s, 3s and 4s; of $10,000, all registered bonds.
Of $20,000, registered 4s. loan of 1907; of $50,000, registered 2s of 1930.
Jan. 31.
$40,000
26,600
97,300
931.845
$40,000
26,600
97,300
931.795
July-September.
on
which interest has ceased
$1,095,745 26
..
October-December
January
February
Totals
11,289,246
Gold and Gold in Ore.
—45,059
—32.8S4
1,027
3,276
-^820
—2.249
Totals
18.576
Silver andSil ver in Ore.
12,004
July-September
October-December
15,516
99.5S8
—81.012
00
00
00
26
4,224
9,317
11,234
3,657
3.693
36,511
27.901
4,767
_
Totals
Aggregate debt bearing
00
50
00
28
Classification of Debt—
Interest-bearing debt
Debt, interest ceased
Debt bearing no interest
Feb. 28 1907.
Jan. 31 1907.
$920,099,510 00
$922,020,560 00 —$1,921,050 00
—50 00
1,095,745 26
399.034.106 78
+570.196 00
1,095,695 26
399,604,302 78
or
Decrease(—).
13,730
19,954
2,606
-
+ 8.610
10,884
—
15,83
+ 3,13
+
—
^
6.40J
8,4S^.; 2,080
+ 2.6S7
+ 4,282
+ 1,110
+ 531
f
|
Merchandise.
-#7.17?
21,191V
38,370
14,362
18,070
7,517
6,435
9,333
11,433
4.6S7
4,480
+ 5,029
+ 6,637
+2,830
46,384
29,933
+ 16,451
*
+1,955
Months.
Excess
!
Ex-
Im-
1
:
Ex-
of
Exports ports.
ports.
ports.
Im-
,
Excess
Excess
\
Im¬
Ex¬
of
of
Exports
ports.
Exports port
: ports.
$
$
i
!
$
932,925356 321 18.576
799,957398,434 21,191
728,999279,062 84,385
654,362 393,584 14,335
680,772301,296 17,346;
594.467 379,771 38.932 1
$
1
1,289,246
1,198,391
1,008,061
1,047,946
982,068
974.238
1906-07
1905-06
1904-05
1903-04
1902-03
1901-02
!
Silver.
Gold.
j
Eight
RECAPITULATION.
Increase (+)
799,957 + 398,434
subjoin the totals for merchandise, gold and silver
$399,604,302 78
no interest
Excess.
$
+ 79,252
+217,567
+ 64,082
+37,533
—Excess of imports.
+ Excess of exports.
$1,095.695 26
_
$
282,331
306,872
106.521
104.233
2,846
4,117
5,742
49,239
January
February
Imports.
S
361,583
524,439
170,603
141,766
1,198,391
43,803
3,270
’
Exports.
+356.321
4,ISO
10,919
2,450
July-September...
October-December
DEBT BEARING NO INTEREST.
United States notes
$346,681,016
Old demand notes
53,282
National bank notes—redemption account—
46,005,527
Fractional currency, less $8,375,934 estimated as lost or destroyed..
6,864.477
932,925
_.
_
We
Debt
Imports.
$
379,992
560,409
189,297
159,54S
February
Feb. 28.
00
00
00
26
Merchandise.
January
INTEREST HAS CEASED SINCE MATURITY.
Funded loan of 1891. continued at 2%, called May 18
1900, interest ceased Aug. 18. 1900
Funded loan of 1891. matured September 2 1S91
■Loan of 1904, matured February 2 1904
s
Old debt matured prior to Jan. 1 1861 and later
in all cases omitted.)
-1905-06-
Excess.
s
1 s
M10.90S + 69,084
&
372;245 + 188,161
126.587
+ 62,710
123,1S5
+ 36,363
Exports.
Total.
E"Aggregate int.-bearing debt.. 1,767,996,S10 833,848,200 86,225,810 920,099,510
DEBT ON WHICH
are
-1906-07-
Amount Outstanding
the
and
the
OFsgfffTUNITED STATES.
(In the following tables three ciphers (000)
INTEREST-BEARING DEBT FEBRUARY 2S 1907.
Amount
Issued.
669
$
$
$
$
$
8,610
99,588081,012 36,511 *27,901
16,451
29,933
46.384
38,370O17.179
41,128 43,257 32.169 16,295 15,873
64,552050,217 32.032 18,709. 43.^3 2 3
t
_
34.834017,4S8 34.169
41.9371 a3,005 35,655
1
i
>0,125
16,825
15,530
U
Total gross debt
Cash balance in Treasury*...
$1,320,799.508 04 $1,322,150.412 04 —$1,350,904 00
400.154,654 55
394,708,206 50
+5,446,448 05
Total net debt
*
$920,644,853 49
$927,442,205 54 —$6,797,352 05
Excess of Imports.
a
years
Including $150,000,000 reserve fund.
Merchandise.
The foregoing figures show a gross debt on Feb. 28
of $ 1,320,799,oOS 04 and a net debt (gross debt less net
in the Treasury) of $920,644,853 49.
TREASURY CASH AND DEMAND
The cash
holdings of the Government
February 28 are set out in the following:
ASSETS.
Trust Fund Holdings—
Gold coin
Silver dollars
Silver dollars of 1890...
—
i
1907
cash
LIABILITIES.—
as
the items stood
LIABILITIES.
$
Trust Fund Liabilities—
$
|
646.082.S69 00
646,082,S69 00[ Gold certificates
471.993,000 OOlSilver certificates
471.993,000 00
6,385.000 00, Treasury notes of 1890..
6,385.000 00
Total trust fund
Total trust liabilities. 1, 124.460.S69 00
1, 124.460.S69 001
General Fund Holdings—
Gin. Fund Liabilities—
Gold coin and bullion
745
National
Bank 5% fund.
84!
115,993,
21.654.220 11
Gold certificates
44,623 ,470 00, Outstanding checks and
Silver certificates
drafts
7.370, 511 001
12,200.516 67
Silver dollars
6,955, 749 00, Disbursing officers’ bal¬
Silver bullion
ances
2,359, 626 98!
65,078.475 54
United States notes....
7.753, 498 00! Post Office Department
account
17, 909 001
10.476.2S4 27
Treasury notes of 1S90.
National bank notes....
1.459,465 16
13,584 ,999 00, Miscellaneous items....
Fractional silver coin
7,361, 332 46;
Fractional currency....
72 88, Total genT liabilities...
110.S68.961 75
Minor coin
1,063, 124 71 i
Bonds and interest paid.
30, 789 85,
_
Tot. In Sub-Treas’ies.
207.114.S2S 72,
In Nat. Bank Depositaries—
,
Credit Treasurer of U. S.
140.2S2.289 54
Credit U. S. dis. officers.
10.203,946 36j
Total in banks.
150.4S6.235 90
In Treas. of Philippine Islands—
|
Credit Treasurer of U. 8.
840,43S 82 i
Cash Balance and Reserve—
Credit U. S. dis. officers.
2,582,112 86 Total cash and reserve.. 400.154,654 55
j
Made up of—
Total in Philippines..
3.422,551 68; Available $250,154,654 55
and
j
Reserve Fund Holdings—
i Reserve Fund—
Gold coin and bullion
150,000,000 00 i Gold&bull. 150,000,000 00
Grand total
TREASURY
1,635,484,485 301
Grand total.
CURRENCY
Tiro
Months.
:
1907...
1906...
1905...
1901...
1903...
1902...
a
TREASURY NET HOLDINGS.
.
.
.
.
nor
coin, &c.
343.S36.223
150 000.000
Net Cash in banks.
Available cash balance
a
q
Feb. 1 1907.
S
285,011.577
17,275,488
14,460
8,121,292
17.950,662
7.066,315
1.078.498
Mch. 1 1907
$
310.617,216
16.685,887
17,909
7.753.498
13,584,999
7.361,332
1,093,988
! Excess
I
ports.
of
Exports
$
l
3.477
14,228
31,622
1,324
1.592
10,640
'
$
$
i
6.546 03,069
9,542
4,686
4,089 27,533
13.260 a 11.930
3,828 02,236
7.537,
3,103
$
!
8,991
13.952
8.401
8,927’
7,444
8,451
!
$7,350
9,167
3.9S3
4,716;
3,181
4,114
S
1,641
4,785
4,418
4.211
4,263
4,337
^
SILVERr'AT
The Collector of Customs at San
this week tlie details of imports
Francisco has furnished
and exports of gold and
silver through that port for the month of February, and we
give them below in conjunction with the figures for preced¬
ing months, thus completing the results for the eight months
of the fiscal year 1906-07.
The imports of gold wereuf mod¬
erate volume, reaching $198,038, of which only $25 was coin.
Of silver there came in $315,985, mainly bullion and silver
in ore.
During the eight months there was received a total
of $13,613,233 gold and $2,354,505 silver, which compares
with $1,847,032 gold and $1,791,965 silver in 1905-06.
The
shipments of gold during February were very meagre, reach¬
ing only $1,500 coin, mainly bullion, and the exports of silver;
were $276,442 coin.
For the eight months the exports of
gold reached only $16,735, against $2,516,942 in 1905-06
us
and $1,640,611 silver was sent out, against $7,959,959 in
1905-06.
The exhibit for^February and for the eight months
is as follows:
Coin.
Bullion.
$
$
1906-07.
409,271
July
August
-
September
January
February
4,187,090
1.780
5,051,046
1,459,950
,-•*
932
733,796
25{
—
11,434,619
i
EXPORTS OF GOLD
|
j
408,437
147,945
238,915!
270,030!
-
October
November
December
Total.
Coin.
$
$
Bullion.
4,595,527
149,725
5,289.961
1,729,980
287,4571
288,339
218,546
952.342
198,038
198.013
2.178.614113,613.233
AND SILVER
26,303
4,746
31,960
37.080
52,700
33.176
'
$
1,055
1906-07.
351,373.548
106,665,342
361,023,617
110,868,962
October
November
December
238.997,076
244,708,206
250,154,655
January
February
July
Bullion.
%
...
Total 8 months..
3.460
1,150
Total.
$
1,055
500
500
%
2,080
2,420
5,540
3,570!
1.470,:
134.848
2,600
3.100
7.100
209,603
324.735
252,327
282,809
241,563
361,815
Bullion.
$
419,762
116,000
94,000
67,000
67,0001
1,500
249,803
276,442
16.735
849,373
500
1,500
9,635
Coin.
3.228
1,315
56.450
87.068
1,470
281,624
317,932
305,027
315,985
2,354^05
Silver.
August
September
356,370
255,321
313,186
FRANCISCO.
Gold.
^ Coin.
$
174,189
356,370
185.965 2,168,540
FROM SAN
Total.
$
174,189
409,271
Months.
356,987,965
.117,990,889
$1,093,987 minor coin, Ac,, not Include
Silver.
Gold.
Months.
336,518.292 d357.114.829
150,000.000
150,000.000
"Chiefly disbursing officers’ balances.
d Includes $2,359,627 silver bullion and
statement "Stock of Money.”
•
SAN FRANCISCO.
207.114,829.
150,486.236
3.422,552
.
j
of
Ex- ; Im¬
Exports ports. ; ports.
—if
S
$
s
249,772 99,073
348,845
210,754 101,615
312,369
230.468 201,427 29,041
260,845 ,rJ71,612 89,233
167,797 91,781
2.S9.578
147,488 83,227
230,715
Excess of imports.
186,518,292
160,654,952
4,200,304
.193,836,223
.158,753,158
4.398,584
Exports ports.
Excess
Im¬
IMPORTS AND EXPORTS OF GOLD AND
follow¬
on official Government statements,
holdings of the Treasury on the first
of January, February and March 1907.
Statements for
corresponding dates in previous year will be found in our issue
of March 10 1900, page 547.
Net United States Treasury notes.
Net legal-tender notes
Net national bank notes..
\
1.635.484,485 30
HOLDINGS.—The
Jan. 1 1907.
S
.313,999,622
9.274,270
15,171
4,772,663
11.105,884
3,720,430
948,183
Ex-
of
ports.
Silver.
I
Excess
Im¬
Ex¬
ports.
|
indicates the currency
Holdings in Sub-Treasuries—
f
Gold.
'
ing compilation, based
M
^
y
the^two months since January 1 for six
make the following exhibit:
Similar totals for
27,476
Total
'$
422 .99 »
1 .31
172 .45
181 6
201
107 219
277 279
276 442
791,238 1.640.611
[VOL.
THE CHRONICLE
670
London, Saturday, March 9 1907.
New York this week has intensified the
stagnation here and rendered all careful people very cautious
how they engage in new risks.
The best opinion here con¬
The sharp fall in
tinues to be that
no
serious troubles will
ensue.
But the gen¬
public is quite confused and unable to judge what may
happen. Therefore there is very general abstention from
business in the Stock Exchange.
Moreover, the large issues
of American railroad short-term notes which are being placed
in Europe creates an apprehension here that gold may be
taken for New York in considerable amounts.
For some
little time past the hope had been growing that the Bank of
England would during February and March so strengthen its
reserve that it could afford to see gold taken by New York in
April. Unfortunately the gold shipments to Argentina and
Brazil have been heavier than had been expected.
The ship¬
ments to Brazil, it is true, have been rather less than ex¬
pected, but the shipments to Argentina have greatly ex¬
ceeded expectations.
It was thought that because the imports into Argentina
during the past twelve months have increased so immensely
Argentina would not be in a position to take gold, and when
it became known that the Argentine maize crop had been
seriously injured the opinion became strong here that the
gold shipments would be practically stopped. Unfortunately
they have continued. On Thursday, for example, about
£600,000 was taken from the Bank for South America. It
is true £200,000 was received.
Still the continuous drain
for South America makes it highly probable that the Bank
will not be able to strengthen itself,as was generally hoped.
Another unfavorable circumstance is that during the past
week the Indian Government has “ear-marked” a very large
amount of gold, and thereby has further weakened the Bank
of England.
Consequently the fear now is that if much gold
is taken for New York in April the Bank of England will not
be able to reduce its rate and quite possibly may have to
eral
advance it.
In Paris there has this week been a decided drop
and diamond shares, which has checked business.
in copper
Prices are
still enormously high, and operators must have made large
profits. Still the sharp check has for the moment discour¬
aged them, the more particularly as the Income Tax Bill is
regarded with great disfavor by the whole of the investing
classes.
In Germany business upon the Stock Exchange is
very slack and operators generally are taking a rather un¬
favorable opinion..
No doubt they are principally influenced
by the long liquidation in New York. They have a fear,
moreover, that trade in America is beginning to decline, and
that in consequence American competition, especially in iron
and steel, may inflict groat damage upon German trade.
Parr’s Bank, the Hong Kong & Shanghai Banking Cor¬
poration, the Yokohama Specie Bank and the Messrs.
Rothschild bring out to-day a new Japanese loan to pay off
the 6 per cents.
The latter amount to 22 millions sterling.
The new loan is for 23 millions sterling.
It is to be issued
half in London and half in Paris.
It is to bear interest at
5% and the issue price is 99The Japanese Government
can redeem it in 15 years, or at any time afterwards by giving
six months’ previous notice.
If no notice is given the loan
becomes redeemable in forty years.
The loan was easily
underwritten and is expected to be a decided success.
In
Paris, indeed, the eargerness to get allotments is very great.
The Board of Trade returns for February are again highly
satisfactory. Indeed,both imports and exports are the
largest ever recorded. It is to be borne in mind, however,
that prices have risen very materially, and that consequently
the increase does not always represent augmented quantities.
The value of the imports was £52,927,347, being an increase
over February of last year of £5,400,094, or 11.3%.
The
value of the exports of British and Irish produce and manu¬
factures was £32,073,345, an increase of £3,302',222, or 11 A%
The value of the re-exports was £9,425,830, an increase of
£ 1,429,970, or 17.8%.
For the two months of the new year
the value of the imports has increased 12.3%, the value of
the British and Irish exports has increased 12.7, and the
value of the re-exports has increased 17.9%.
Money has continued throughout the week in strong de¬
mand and is likely to continue so for the remainder of the
For short loans the rate is about 4Jq5%, for three
month.
months’ bills about 4'i£%.
Everything points to a main¬
tenance of the high rates, and, as already said, there is a
fear that if much gold is taken for New York next month
the Bank of England may have to resort to exceptional
measures to protect its reserve.
The India Council offered for tender on Wednesday 100
lacs of bills, and the applications amounted to nearly 300
lacs, at prices ranging from Is. 4 l-16d. to Is. 4 5-32d. per
rupee.
Applicants for bills at Is. 4 3-32d. and for tele¬
graphic transfers at Is. 4 5-32d. per rupee were allotted
about 54% of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, Ac.,
compared with the last four years:
1903.
Mch. 11.
33,254,584
27.343,750
16,619,241
37*890,8119
15,589,185
26,424.310
27.700.525
12,308,746
39.939,296
19.224,834
25,231,150
28,228,830
13,876.923
40,506,87S
14.665.318
32.520,838
28.129,790
27,822,259
30,856,138
37,664,219
39,749,888
20,152,303
85,403,SSS
25,687,595
35.741,425
47
56!..
49 ] 5-16
47 1-16
4
*2 to
28,291.950
17,404,157
! 1,757,581
16,380,867
16,010,787
....
Other deposits.. .. 42,855.969
Oovernm’t securities 15,449,756
Other securities.... 35.303.09S
Reserve, notes&coin 26,408.898
Coin&bull. .both dep 36,088,688
Proj). reserve to liabiiities
44 13-16
p. c.
Bank rate
5
p. e.
p. c
Consols, 2 A
1905.
Mch. 8.
£
1906.
Mch. 7.
£
£
Circulation
Public deposits
(From our own correspondent.)
1904.
Mch. 9.
£
1907.
Mch. 6.
ITCouctavylComwcvcialgixgHsItJXctxJS
90 7-10
86%
'
.£
4
91 5-16
4
91 xd
27 3-16(1.
85 7-16
26 7-10d.
22?id.
105.576,000 184,257.000
31 % d.
29% d.
Clear.-house returns 311.659.0L0 235,959,000 215,866,000
Silver
*
LXXXIV.
March 9 1905.
Messrs.
March 7.
Pixloy A Abell write
follows under date of
as
GOLD.—The Bank has again secured the gold in the open market, amounting to
about £800,000. after satisfying the Indian demand.
During the week the Bank has
received £659.000, almost entirely in bars.
On the other hand the withdrawals
have been large, amounting to £1,227,000. of which £327.000 is for Brazil and
£•100,000 for the Argentine, the net result being a loss of £568.000 on the week.
Next week £376.000 is due from South Africa.
Arrivals—Cape, £731,000; Austra¬
lia, £266.000; Bombay, £96.000; West Africa, £77,000; West Indies, £17,000;
total,£1,187,000. Shipments—Bombay.£ 154,550; Madras,£ 14,750; total, £169.300.
SIL\ ER.—The market has been a disappointing one, there has been practically
demand for the Indian Bazaars and, in the absence of competition, the special
buyers had the market to themselves, and the price has fallen to 31 ll-16d.. closing
Price in India is
steady.
Forward has varied from %d. to 3-10d. under cash.
Rs. 81 1-16 per 100 Tolahs.
Arrivals—New York, £113.000; West Indies, £8,000;
total, £121,000.
Shipments—Bombay, £258,900; Adelaide (coin), £38,100; total,
no
£297.000.
MEXICAN DOLLARS.—There is practically no business to report.
New York,£91,000.
Shipments—Bombay,£56,500.
The
quotations for bullion
are
reported
Arrivals—
follows:
as
Fib. 2S.
d.
SILVER.
Mch. 7.
London Standard.
d.
Bar silver, tine, oz
31 11-16
4 A
2 mo. delivery, oz.31 9-16
4 A Cake silver, oz.
34 3-16
4% (Mexicandollars
_nom.
Feb. 28
d.
s.
77 9
GOLD.
Mch. 7.
London Standard.
s.
d.
Bar gold, fine, oz
77 9
U. S. gold, oz
76 4%
German gold coin, oz.. 76 4%
French gold coin, oz
76 4%
Japanese yen. oz
76 4%
32%
32
*•
67
76
76
76
34 11-16
nom.
.
4
A 1
The following shows the imports of cereal produce into
the United Kingdom during tlit1 season to date* compared
with
previous seasons:"
IMPORTS.
1906-07. r
1905-06.
Twenty-seven weeks.
Imports of wheat,
Barley
ewt 40.724,000
13,667.100
5,689,200
1,107,890
580,800
Oats
Peas
:
,
Beans 1
Indian
26,195,600
7,410.600
corn
Flour
1903-04.
46,015.761
20,474.768
8.726,198
1.313,989
1,309,388
27,737,797
1904-05.
52.015,100
14,031,400
6.969,500
1,205,971
927,210
23,557,000
6,293,720
40,952,800
14,066,200
6,483,500
1,078,565
480,550
24,372,600
8,436,700
12,553,074
stock
Supplies available for consumption (exclusive of
September 1 ):
on
1906-07.
1905-06.
1904-05.
1903-04.
40,952,800
8.436,700
52,015,100
6,293.720
46,015,761
Imports of flour...
40,724.000
7.410.600
Sales of home-grown
16.295,947
20,885 686
9,832.429
12*553,074
10,820,684
Total
Average price wheat, week
Average price, season
64,430,547
26s. 9d.
26s. -id.
70.275.186
68.141.249
30s. Sd.
30s. id.
69,389.519
28s. Sd.
27s. Od.
■Wheat imported
cwt
.
The following shows the
maize afloat to the United
Maize
flour and
quantities of wheat,
Kingdom:
This week.
qrs. 3,590,000
170,000
...qrs.
qrs.
670,000
Wheat
Flour, equal to
28s. Sd.
28s. Id.
Last week.
1906.
3,195.000
165.0<>o
620 000
3,745,000
260.000
675,000
1905.
4.005.000
165.000
435,000
English Financial Markets—Per Cable.
daily closing quotations for securities Ac., at London
reported by cable have been as follows the past week:
The
as
London.
Week enditu) March 22.
Sat.
Silver, peroz
d. 31 5-16
85 5-16
Consols, new 2% percents
For account
85 7-16
French Rentes (in Paris), fr .(■94.85
Russian Imperial 4s.
74 ■ s
98
Amalgamated Copper Co
b Anaconda Mining Co
13 A
Mon.
1-16
3)
85 3-16
s.> 5-16
.
....
Atchison Topeka &
Preferred
Baltimore & Oliid
Preferred
Canadian Pacific
_
Santa Fe
94
104
91
Chesapeake & Ohio
Chicago Great Western
>4
34
91
178
4414
15
143
14
142
Chicago Milw. & St. Paul.
Denver & Rio Grande, com.. 33 A
_.
Preferred
Erie, common
First preferred
Second preferred
Illinois Central
Louisville & Nashville
Mexican Central
Missouri Kan. <fc Tex.. com
Preferred
National RR. of Mexico
X. Y. Central & Hud. Itiv
N. Y .Ontario & Western
Norfolk <fc Western, com
Preferred
Northern Pacific.
—
...
.
.
.
.
..
a
Pennsylvania
a
Reading Co
.
32%
75%
30%
A
68
49
152%
124
21 A
*>*>
..
.
.
39%
40
68
67
53
122
52%
124
85 5-16
133%
64%
'
56
15
28
62%
£ sterling,
..
c
fiomn evcial and
38%
103%
14%
91
177
42 %
14
140
32 %'
76 %
29%
68
48%
94%
98%
102%
91
177%
42%
1 4 %.
141
32
76 A
28%
6X
48
151
123 %
%
21%
381 j
66%
67
53
124
39 A
53
123%
39%
SO
80
86
84
83
129%
03%
53
44%
130%
03%
54 %
44 A
44
44
81%
23%
22%
80%
23%
8 1
79
76
141%
92
39
103%
14
28
14 %
28
27%'
62%
62%
Ex-dividend
94.72%
%
%
13%
75
96
so
54
44%
44
90
•39%
104
39%
c
54
23%
76%
140%"
3S%
1033%
53
123
63%
24%
77%
103%
21
38
63%
44%
99
151
123
84
131
44%
96%
13%
94 %
22
38%
66 A
.67
52
123
94.85
76 -
152
123
21%
37%
44
22 A
80
144
90
48%
123
44
22 6
81-
90
43
14 A
139%
31 %
76 A
30%
68
75%
29%
68%
48%
153%
44%
A
142%
178%
141
32
45
24
77
91 %
91
79 A
-
Wed.
177%
42 %
14%
81
c81A
.
85%
85%
39%
2218
Southern Ry., com
85 7-16
85%
81
84
64%
55%
First preferred
Second preferred
Rock Island Co
Southern Pacific
85 7-16
85%
40%
130 A
a
Fri.
T/iurs.
30 13-16 30%
40
84
a
Preferred
Union Pacific, com
Preferred
U. S. Steel Corp., com
Preferred
Wabash
Preferred
Debenture Bs
a Price per share,
ft
75
30
67
4S
152
123
30%
94.72%: 94.92' i 95.05
76
75%
74%
98
96 Vi
13
13%
13%
95 %
94 %
95%'
100%
99
99%
103 %
104
103%
179%
43 A
.
Tins.
31
85%
62
139%
91
38%
103 %
14%
27
22%
23%
76
140%
91
38%
103%
14 3-2
27
62
.
i£ttsccilnncous Incurs
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller &*Son:
Stocks.
50 Guggenheim Explor’n
60 Orange Co. Traction
Co..235
Co.,1
common, $25 each
}• $50
20 Orange Co. Traction Co.,! lot.
preferred. $25 each... j
10 Horne Fire Insurance Co..480
.
Stocks.
300 Mt. Hope Cemetery Asso.,
ass’t paid, cert, of dep.
N. Y. Trust Co
$3 per share
150 Union Ferry Co
25
Bonds.
$2,500
Newburgh
& Orange
Lake RR. Co. 1st 5s. 1944.. SO
-
Mar. 23
STOCK OF MONEY IN THE COUNTRY.—The follow¬
ing table shows the general stock of money in the country,
as well as the holdings by the Treasury, and the amount in
The statement for Mch. 1
issue of Mch. 10 1906, page 547.
the dates given.
circulation,
on
1906 will be
found in
our
—Stock ol Money Mch. 1 1007—
In United
11 dd in
States.
Treasury.d
—Money in Circulation
Mch. 1
1906.
Mch. 1
1907.
Gold coin and bullion.1,004,972,427
Gold certificates .a
Standard silver dollars 501,806,530
Silver certificates-®--
205,993.746
44,023,470
0,955,749
7,370.511
092.895.812
001,459.399
648.850.052
82,917,781
404,022.489
Subsidiary silver
Treasury notes of 1890
128,134,441
0,385,000
7,301,332
17.909
United States notes.National bank notes..
340,6811010
7,753,498
13,584.999
120.773,109
0,307.091
338.927,518
582.758,023
*79,303.760
402,752.903
107,381,453
7,912,455
590.343,022
491.733.319
330.086,877
537,215,018
3.244,382,430
353.061.214 2.890.721.222 2,071,302.503
Population of the United States March 1 1907 estimated at 85.002,000; circulation
per capita, $33 77.
Total
redemption of outstanding certificates an exact equivalent in amount of the
appropriate kinds of money is held in the Treasury, and is not included in the ac¬
count of money held as assets of the Government.
d The statement of money held in the Treasury as assets of the Government
does not include deposits of public money in National Bank depositaries, to the
credit of the Treasurer of the United States, amounting to $140,282,289 54.
a
For
For
full statement of assets
a
671
THE CHRONICLE
1907.]
see
public debt statement.
DIVIDENDS.
Name of Company.
Trust Companies.
Franklin, Brooklyn (quar.) (No. 07)
Lincoln (quar.)'
Title Guarantee A Trust (quar.)
Trust Company of America (quar.)
Extra
Van Norden (quar.)
Per
Cent.
When
Books Closed.
Days Inclusive.
1
10
Apr.
Mch.
1*4
3
Canadian Pacific, common
Common, extra
Preferred
A
o
Chicago <fc Eastern Illinois, pref. (quar.).I
preferred
Chicago Mllw. <fc St. Paul, com. & pref..;
Chicago <fc North Western, preferred
j
Chicago Rock Isl. & Pacific Ry. (quar.).;
Cleveland Lorain & Wheeling, preferred \
Colorado & Southern, first preferred
Second preferred
1
Erie RR second preferred
I
Interborough Rapid Transit (quar.)
j
14
2A
Chicago Great Western,
34
2
1A
2A
.
Manhattan Railway (quar.)
Minn. St. Paul A S. S. M., com. (No.
2
2
2
24
1*4
«
2
S),
aa
lA
2
2
New York Central A Hudson River (quar)
New York & Harlem, com. and pref
j
New Y'ork New Haven <fc Hart ford (quar)
Pittsburgh Bessemer <fe Lake Erie. com.
Pitts. Fort Wayne A Chicago, reg. g. (qu.)
1A
1*4
1*4
3A
Special guaranteed (qiuir.).
Pittsb. Youngstown & Ash., com. &
pf.
April
April
April
April
Apr.
April
Apr.
April
April
Apr.
April
April
April
April
April
Apr.
Apr.
Apr.
April
Mch.
April
A pr.
Apr.
Mch.
Reading, second preferred
2
St. Louis <fc San Francisco, first pr. (qu.)
Southern Pacific Co., common (No. 2)..
I
May
Apr.
2A
Anrll
2A
April
Apr.
April
April
Southern, preferred
Toledo St. Louis A Western, preferred-.
2
5
2
Union Pacific, common
Preferred
Street Railways.
American Cities Ry. & Lt., pref.
(quar.)
Aurora Elgin A Chicago (quar.)
Bangor Railway A Electric (quar.)
Boston Suburb. Elec. Cos., pref. (quar.)
Cincinnati Street Railway (quar.)
Dallas Electric Corporation, preferred.
Detroit United Railway (quar.)..
Forest City Railway (Cleveland)
Havana Elec. Ry., pref. (quar.) (No. 5).
Houghton Co.(Mich.) St. Ry.,pf.(No.l0)
Interborough-Metropolitan, pref. (quar.)
Johnstown (Pa.) Passenger (quar.)
1*4
Met. West Side Elev. (Ghic.).pref.(quar.)
New Orleans Ry A Light, pref. (quar.)
*4
Mch.
S3
14
14
2
3
3
1
1A
1*4
.2 A
Sk
\*$
1A
15
15
2
1
A pr.
Mch. 15
Apr. 25
Apr.
l
1
n
22 Mch. 31
15 Mch.31
9
1 Mch.
9
1 Mch.
to
April 21
April 15
to
Mch. 31
to
Mch. 31
to
30
Metropolitan Street Ry. (N. Y.) (quar.).
April
April
Apr.
'
Apr.
29
29
28
L>
Mch.
1
2A
14
9
31
26
Apr.
May
April
April
Apr.
Apr.
Apr.
Apr.
Apr.
April
April
May
$2
April
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
31
1
1
1
30
15
1
1
1
1
1
1
2
1
1
A pr.
A pr.
LouisvilIeTraction.com. (quar.)
Preferred
i
Philadelphia Company, common (quar.)..
Philadelphia Traction..^
Portland (Ore.) Ry.,Lt.«feP.,pref.(quar.)
Ridge Avenue Pass. Ry. (Phila.) (quar.)
Rochester (N. Y.) Ry., pref. (quar.)
St. Joseph (Mo.) Ry., L..H.& P..pf. (qu.)
Sao Paulo (Brazil)Tram. Lt. A P. (quar.)
Savannah Electric Co., pref. (No. 11)
Seattle Electric Co., preferred (No. 13)-South Side Elevated (Chicago) (quar.)..
Tri-City Ry. A Lt. (Davenport,la.)pf.(qu)
Twin City Rap. Trans. (Minn.), pf. (qu.)
Union Traction of Indiana, preferred
United Railways, St. Louis, pref. (quar.).
United Trac. A Elec.,Providence (quar.
Wash'ton Water Power, Spokane (quar.).
West End Street Ry. (Boston), common
2
Mch. 17
April 1
Mch. 20
Feb.
2
Mch. 31
Apr.
1
Apr.
1
Apr.
1
Mch.
1A
2A
14
1A
2
2
April 15
15 Mch. 30
1 Holders of rec. Mch. 13
1 Mch. 19
to
Mch. 31
Apr.
April
14
*4
April
April
April
April
April
April
1
75c.
1
3
Mch. 12
Mch.
1
A pr.
Apr.
14
IA
f Mch. 23
1 Mch. 22
6 Holders Of
1 Holders Of
15 Holders of
1
8 Holders of
1 Apr. 16
1 Mch. 21
IK
l H
'4
Holders of rec.
Holders of rec.
Holders of rec.
to
Mch. 2
to
Mch. 2
Mch. 2
to
to
i Mch. 14
to
I Mch. 10
20 Holders of rec.
1 Holders of rec
to
1 Mch. 16
to
1 Mch. 21
to
1 Mch. 17
to
1 Mch. 17
to
9 Mch. 13
to
1 Mch. 19
to
1 Mch. 16
15 Holdtrs of rec.
15 Holders Of rec.
15 Holders Of rec.
1 Holders of rec.
31 Holders of rec.
1 Holders of rec.
2 Mch. 10
to
to
i Mch. 16
25 Holders of rec.
10 Holders Of rec.
1 Mch. 17
to
1
15
1
2
2
2
to
rec.
rcc.
rec.
1
Mch. 25
Meh. 25
Mch. 15
Apr.
to
Mch. 25
May
1
to
A pr.
rec.
1
to
to
Mch. 22
Mch. 31
to
Apr.
to
to
2
Holders
Holders
Holders
Holders
Holders
of
of
of
rec.
Of
rec.
rec.
rec.
of rec.
Holders of rec.
Mch. 10
to
1 Mch. 24
Apr.
1 Holders of
April
1 Holders of
Apr.
10 Mch. 28
Apr.
lMch. 13
April
1 Mch. 21
Apr.
1 Meh. 23
Apr.
Apr.
April
Apr.
May
Mch
Mch.
Mch.
Meh.
Mch.
1
4
14
l
8
15
12
20
15
Mch. 15
April
1
to
Apr.
1
rec.
Mch. 18
Mch. 26
rec.
to
to
to
to
Apr. 10
April 1
Mch. 31
A pr.
1
Banks.
,
Coal & Iron National (quar.)
Commerce. National Bank of (quar.)
First National, Brooklyn (quar.)
..
Garfield National (quar.)
Hanover National (quar.)
Manufacturers' National, Bklyn. (quar.).
Market A Fulton National (quar.)
I
Metropolitan (quar.)
j
New Amsterdam National (qmr.)
_..)
Nineteenth Ward (quar.)...
■
_
North America. Nat. Bank of (quar.)
Extra
Oriental (quar.)
Park National (quar.)
....
Trust Companies
Bowling Green (quar.)
■
i
;
!
1A
Apr.
2
4
3
4
3A
A pr.
1 Holders of rec.
1 Mch. 21
to
Apr.
1
2A
l
3
2A
2
3
2A
Mch.
Apr.
Apr.
Apr.
Apr.
Apr.
Mch.
Apr.
Apr.
A pr.
j
4
Apr.
;
5
15
A pr.
3
3
Mch.
Apr.
April
Mch. 13
Apr.
1
—
30 Mch. 21
1 Meh. 22
to
to
Mch. 31
Mch. 31
1
1 Mch. 20
1 Mch. 22
1 Mch. 28
30 Mch. 22
1 Mch. 21
1 Mch. 21
1 Mch. 26
1 Mch. 23
1 Mch 24
1 Mch. 21
30 Mch. 26
1 Holders of
to
to
to
to
to
to
to
to
Mch. 31
Apr.
1
Apr.
1
Mch. 31
Apr.
1-
to,
Apr.
to
to
A pr.
rec.
Apr.
1
A pr.
1
Mch. 30
1
1
Mch. 31
Mch. 30
Meh.
Mch.
Mch.
5
8
4
8
2
(Noli)
Apr.
Apr.
•)
Mch.
3
Apr.
14'
Mch.
3
14
14
4
1*4
Apr.
April
April
April
April
3
April
14
14
1*4
Apr.
May
Apr.
April
Days Inclusive.
rcc.
Mch. 29
Mch. 23
of rec.
Mch. 23
30 Holders of
30 Holders of
1
Holders
rec.
to
LMch. 23
to
1 Meh. 23
to
30 Mch. 23
30 Mch. 26
to
30 Holders of rcc.
to
1 Mch. 22
to
1 Mch. 22
to
30 Mch. 21
to
Meh.
1
26
Mch. 31
Apr.
1
Mch. 31
Mch. 31
Mch. 22
Apr.
Apr.
t
1
1
Mch. 31
A pr.
1
Miscellaneous.
Am. Beet
Sugar, pref. (Xo.31) (quar.)..
American Can. prof, (quar.)
Amer. Car «fc Fdy.,com. (quar.) (No. 18)
Preferred (quar.) (No. 32)
American Express.
i
American Ice Securities (quar.)
American Locomotive, common (quar.)
Preferred (quar.)
American Pipe Manufacturing (quar.). J
Ainer. Seeding Machine, com. (quarj.-l
American Sewer Pipe (quar.)
Am. Smelt. & Ref., cotn.(quar.)(No. 14)
Preferred (quar.) (No. 31)..
American Snuff, common (quar.)
2
I
75c.
1*4
1*4
24
14
1*4
(quar.)
pref. (quar.)
2
American Telephone A Telegraph (quar.)
American Tobacco, preferred (quar.)
American Type Founders, com. (quar.).
Preferred (quar.)
American Woolen, preferred (quar.)
American Writing Paper, preferred
Bell Telephone of Canada (quar.)
Bell Telephone (Philadelphia), (quar )
Bliss. E. W., common (quar.)
Preferred (quar.)
14
l
1*4
14
l
2
|
(quar.)
.
com.
Machine
Mackay Cos., com. and pref. (quar.) —
Massachusetts Gas Companies, common.
i
14
24
14
2
j
13*
i
i4
.
hallway.Steel Spring, common
Preferred (quar.)
;
Republic I. A Steel, pref.(quar.) (No.24)
.
Preferred (extra)
Rhode Isl. Perk. Horseshoe,
i April
i
pref. (quar.).
Preferred, extra
1
Royal Baking Powder, preferred (quar.)i
Safety Car Heating & Lighting (quar.)..
—
Extra
Sears. Roebuck <fcCo.. preferred (quar.).l
Sloss-Sheffield Steel & Iron, preferred...
Swift A Co. (quar.)
rcc.
to
1
April, 1
April 11
April j 1
Mch. 10
Apr.
5
tv
May 26
Apr. 21
of
rec.
Mch. 15
of
rcc.
to
Mch. 31
A pr.
3
to
1
April 15
April 1
April 1
Aptil 1
April 2
15|Mch. IS
to
Mch.^O
to
to
to
to
6
1 Mch. 16
1 Mch. 17
1 Mch. 17
2! Mch.
1
15
15
15
1
to
to
Mch. 16
April 1
Holders of reg. Apr. 10
Holders of rec. Apr. 10
Mch. 31
to
Apr 15
Holders
of rec. Mch.15a
15! Holders of rec.
15 Holders Of rec.
to
1 Mch. 27
to
1 Mch. 27
1 Holders of rec.
1 Mch.
15
15
1
27
6
to
to
Meh. 31
to
Mch. 31
Holders of rec.
to
to
to
to
Apr. 20
LMch 15
1
30
1
1
10
10
Mch. 15
Mch. 28
Holders or rec.
to
Mch. 30
to
Mch. 30
1 Mch. 20
15 Apr.
5
2 Mch. 22
1 Holders
1
1 Mch.
1 Mch.
1
1 Mch. 21
to
to
to
of
rec.
to
to
to
of rec.
to
Mch. IV)
Holders of rec.
to
Mch. 16
to
Mch. 16
to
1 Mch. 16
to
1 Mch. 10
1
15
30
30
1 Mch. 27
1 Mch. 27
to
to
to
Mch. 27
to
1 Apr. 11
to
1 Mch. 10
to
1 Mch.
7
1 Holders of rec.
of
rec.
15 Holders
to
15 Apr.
2
to
1 Mch. 18
to
1 Mch. 17
lo
30 Mch. 17
to
151 Mch. 29
1
i April
i April
Mch.
1 Mch. 13
IA
;Apr.
2
2
! Apr.
' A pr.
2
April
1H
Apr.
Apr.
April
Apr.
May
May
Mch. 23
Apr.
5
Mch. 31
Mch. 31
Mch. 15
Apr.
1
Apr. 15
Apr.
Mch.
15
9
Apr. 28
April 1
April 1
Mch. 31
Mch. 15
Apr. 10
Apr. 10
l|Mch. 16
Mch. 20
2! Mch. 20
22 Apr.
0
to
to
30
15 Holders
to
of
rec.
April 1
Apr. 15
Apr.
1
Mch 16a
Mch. 15
Mch- 15
Apr.
1
Mch. 20
Apr.
Mch. 14a
Mch. 31
Mch. 31
Apr.
l
Apr.
1
Apr.
A pr.
1
1
Apr.
1
May
1
Mch. 31
Apr.
1
Mch. 20
April 30
Apr. 15
Mch. 30
April
l
Mch. 31
April 1
April 15
April l
Mch 21
Mch. 30
Apr.
2
Apr. 21
Apr
l
lo! Holders of
rec.
15! Holders
1
of
rec.
Mch. 30
Mch. 30
15j Holders
of
rec.
April
15! Holder* or
rec.
April
5
5
April
4
---
4 Mch. 24
to
to
23 Mch 16
to
1 Mch. 12
to
1 Mch 12
5 Holders of rec.
5! Holders of rec.
Mch. 24
April
April
A pr.
Apr.
1
l
1
1
30 Holders of rec. Mch. 15
1; Holders of rec. Mch. 14
1 Holders of rec. Mch. 14
to
Apr.
1
l;Mch. 17
to
Apr.
1
LMch. 19
to
April 7
1 Mch. 10
1
7
7
lj Mch. 23
to
Ajrr.
to
to
May
May
'Mch.
1 .4 pr. 11
1 .4 pr. 11
31 Mch. 21
to
Mch. 30
I April
15 Mch. 10
Apr.
3
Apr.
3
| Apr..
3
Apr.
3A
Apr.
LMch. 21
to
to
1
2
i
lA
1
A
!
i
a
of
1 A
-
10 Mch. 31
10 Mch. 31
VMch. 22
to
to
April 15
Apr.
1
Apr. 10
Apr. 10
w
Mch. 31
lj Mch. 22
l! Mch. 22
to
to
to
Mch. 31
LMch. 17
15 Holders of rec.
15;Holders of rec.
15 Holders of ree.
15’Holders of rec.
1 Holders of rec.
1 Apr. 25
to
1 Mch. 21
to
30 Mch. 16
to
l>kch.
Apr.
31
1
Mch. 30
Mch. 30
Mch. 20
Mch. 20
Mch.
9
May
April
l
1
April 15
Holders of rec. Mch. 15
Holders of rec. Mch. 15
Mch. 22
Mch. 16
to
Mch. 22
Mch. 16
to
Apr. 15
15 Mch. 31
to
Mch. 31
1 Mch. 21
to
Mch. 31
1 Mch. 21
to
15
15
15
15
1 Mch. 21
10 Mch. 31
15 Mch. 21
to
to
to
1 Holders of rec.
Mch. 31
Apr. 10
Mch. 31
Feb. 28
b On account of deferred payments,
e On accoun t
~’f Also 14%on common payable Oct.’ 15 1907.
Transfer books not closed,
of accrued dividends to date.
rec.
to
to
to
to
to
A pr.
Second preferred (No. 28)
4
1A
United Bank NoteCorp.. pref. (quar.)..
Apr.
2
United Fruit (quar.) (No. 31)
Apr.
2
United Gas Improvement (quar.)
Apr.
2
United Shoe Mach. Corp., com. (quar.).
Apr.
Preferred (quar.)
A Apr.
:
United States Leather, preferred (quar.)
Apr.
1A
1A
U. S. Realty & Improvement (quar.)
May
U. S. Reduction&weftnine. pref.(quar.).
14
\pril
IT. S. Steel Corp..com. (quar.) (No. 13).
A
Mch.
U. S. Smelt,., Ref. A Min., com. (quar.)
14 j April
Preferred (quar.)
lj 14 April
Utah Consol. Mining of N. J. (quar.)
j $1 25 April
25c.
Extra
April
2
Va.-Car. Chem., pref. (quar.) (No. 40)..'
Apr.
1
April
Waterbury Co. of West Virginia (quar.).!
2A
April
Waterbury Co. of N. J. (com. (quar.)._j
2
Preferred (quar.)
.April
j
2
A Apr.
Westinghouse Elec. A Mfg.. all stks. (qu.)
Western Union Teleg. (quar.) (No. 154). j
1H
Apr.
White (J. G.) A Co., Inc , pref. (quar.).
IA April
=
of
to
1*4
1*4
1A
Teffl, Weller Co., preferred (quar.)
Tennessee Coal, Iron A RR., com. (quar.) j
Preferred (quar.)..
j
Texas A Pacific Coal (quar.)
j
Union Bag A Paper, preferred (quar.)..;
Union Ferry (quar.)
Union Switch A Signal, common (quar.)'
Preferred (quar.)
Union Typewriter. common (No. 11)
First preferred (No. 28)
j
Mch. 31
Mch. 23
15| Mch. 29
IA J Apr.
1A ‘Apr.
A pr.
l?i
14 April
A i April
2
April
14 Mch.
1*4 April
2b
April
14 Apr.
A
Apr.
IA Mch.
2
.April
j
Apr.
to
\prll
l
j
Common, extra
Apr.
Apr.
Apr.
Apr.
'Apr.
4 Apr.
6
\Apr.
14 'May
1A i Apr.
1A Apr.
H April
4
May
2
| Apr.
1
'April
1
i April
2 A :Mch.
j
to
Meh. 19
15'April
14
J
Mch. 21
Holders
Mch. 19
Mch. 12
Mch. 12
Holders
Apr.
3
May 11
Apr.
1
I Holders
16i Holders
1 Mch 23
24
1*4
(quar.)._j
—
Apr.
Apr.
April
April
! Apr.
Apr.
Biscuit, common (quar.)
I’ommnn, extra
Nat. F.nam. A Stamping, pref. (quar.)..;
Nat. Lead, common (quar) (No. 13) ..
National Licorice, preferred (quar.)
National Sugar Refining, pref.
New York A ir Brake (qmr.)
j
New York Dock, preferred
:
Otis Elevator, common
j
(quar.)
Pittsburgh Plate. Glass (quar.)
Quaker Oats, common (quar.)
A pr.
Mch.
i Mch.
1
30
l
1
1
1
1
1
5
27!
22
Mch.
April
L4
14
National
Preferred
Apr.
14
14
14
!
Mergenthaler Linotype (quar.)..
Apr.
April
Apr.
1
3e
International Nickel, preferred (quar.)
■
International Paper, preferred (quar.)..
International Silver, preferred (quar.)..
Int.. Smokeless Pow. & Chem.,com. (qu.).
Preferred
(
Lanston Monotype
Mch.
14
i
Geimral Electric (quar.).
Granby Consol. Min. A Smelt, (quar.)..
.
April
April
14
Preferred (quar.)
;
Electric Boat, preferred (quar.)
!
Electric Stor. Batt., com. and pref. (qu.)
General Chemical, preferred (quar.)
)
Preferred (quar.)
Preferred (annual)
Apr.
Apr.
14
24
(qu.);
Extra
Great Lakes Towing, preferred (quar.)..
Guggenheim Exploration (quar.) (No.17)
Hall Signal, common (quar.)..
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
5
2
Century Realty.
—!
Chic. Jet. Rys. A U. Stk. Y.. com. (qu.)i
Preferred (quar.)
i
Chicago Telephone (quar.)
j
Cincinnati Gas A Electric (quar )
!
Columbus Gas A Fuel, preferred (quar.).!
Corn Products Refining, preferred (quar.).'
Preferred (extra)
j
Crucible Steel, preferred (quar.)
Cumberland Tel. A Tel. (quar.) (No. 94)
Distilling Co. of America, pref. (quar.) —
Dominion Coal, common (quar.)
Duluth Edison Electric, pref. (quar.). —!
Eastman Kodak Co. of N. J
A pr.
14
14
14
14
(quar.),..;
common
Apr.
April
April
April
1 April
April
Apr.
April
Apr.
Apr.
Apr.
April
■Apr.
2
2
—
Central Coal A Coke,
April
14
24
Cambria Iron, guaranteed
Celluloid Company (quar.)
.
Mch. 21
Apr.
Apr.
Books Clorcd.
i
A pr.
0
Washington (quar.)
Central Leather, preferred
Railroads (Steam)
Beech Creek, guaranteed (qaar.) _
Bclvidcrc Delaware
Boston <fc Maine, common (quar.)
3
3
5
.
Preferred (quar.)
Payable.
Mch.
Mch.
3.4
:
Aeolian. Weber Plano*Pianola, pf. (qu.)
Amor. Agrieul. Chem., pref. (So. 10)
Preferred
1
Name, of Company.
When
Payable.
JLong Isl. Loan A Tr., Brooklyn (quar.)..
Mercantile (quar.)
Metropolitan (qAar.)
Morton (quar.)
New York (quar.)
Amer. SuearReftn.. com. &
We have changed the method of making up our weekly
list of dividends.
Heretofore our record has included only
the dividends announced each week, but for the convenience
of our readers we now enlarge the scope of the compilation
so as to show also dividends previously declared, but the
date of payment of which has not yet arrived.
In the new
fonn the statement indicates all the dividends announced
for the future by all large or important corporations.
Dividends announced this week are printed in italics.
Per
Cent.
[VOL.
THE CHRONICLE.
672
Statement
of
City Clearing-House Banks.—
shows the condition of the New
New York
The foll'iwinir statement
hanks for the week ending Mch. 10.
distinctly understood that as to all items except
capital and surplus the figures are the averages of the daily
York City Ch a ring-House
It should be
In other
the end of the week.
results, not the totals at
reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
City, Boston and Philadelphia Banks.—Below is
of the weekly returns of the Clearing-House banks
of New York City, Boston and Philadelphia.
The New York
figures do not include results for non-member banks:
New York
a
summary
TFe omit two
Banks
Ous amitud.
Surplus.
Capital.
2.1 Kk) .0
2,050.0
2.000.0
3,000.0
1.501) .0
1,000.0
25.000.0
3.000.0
600.0
1.000.0
300.0
7(H) .0
500,0
5.000.0
25.000,0
3.000.0
500.0
450,0
21k) .0
2.000.0
3.000.0
2.550.0
500.0
1.000.0
2.000.0
Merchants'
....
America
Phenix
City
Chemical
Merchants’ Ex.
Gallatin
Butch. A-Drove.
Mech. A-Traders'
Greenwich
Amer. F.xch...
Commerce
Mercantile
Pacific
Chatham
....
....
People's
North America.
Hanover
Cituen's Cent..
Nassau
Market A Fult'n
.......
Metropolitan
..
Com Exchange.
Oriental
3.000.0
Imp. A Traders'
1.500.0
Park
East River....
Fourth
Second
First
3.000.0
250.0
3.000.0
500.0
10.000.0
1.000.0
250.0
200.0
750.0
Irvine Nat. Ex.
Bowerv
N. Y. County..
German -Amer.
Chase
Fifth Avenue..
tie nr. an Ex eh..
Germania
Lincoln
Garfield
Fifth
Metropolis
Loans.
Legals.
Specie.
Deposils.
2.912,2
2.90.* .8
1.537.8
3.624.6
4.0*0,5
416.6
21.629.3
5.315.0
499.5
2.390.4
1.53.8
339.1
698.6
4.8024
14.295.6
4.903.6
7S4.0
1.029.1
469.5
2.246.0
8.173.0
*79.0
346.7
1.486.1
890.7
4.834.2
1.204.8
6,993.1
S.213.7
118.0
3.101.1
1.873.7
19.909.9
523.6
779.9
750.0
5 -INK) .0
100.0
200.0
200.0
500.0
1.000.0
2.50.0
1.000.0
200.0
1 000.0
300.0
1 .(KKEO
1 O00 .0
1.000,0
350.0
....
VN est Side
Seaboard
1st Nar. Bslyn.
Libenv
X. Y. Prod Ex
NewJ A raster...
Astor
State
Sol .5
604.0
4.436.1
1.894.9
831.4
944.6
1-467.1
1,334.5
450.6
1.718.0
852.7
1.30.3 .*
6*7.0
2.266.5
626.5
1.000.0
Total?;
262.2
765,6
6114
Rc-*
s'rt'C
a
Bank of X. Y_.
Manhattan Co.
Mechanics
ciphers (00) in all cases.
2.193.0 1.621.0
14.348.0 26.5
16.701.0
23.600,0 26.3
20,989,0
3.869.0 2.352.0
1.008.3
14.333.3 25.0
12.716.0
2.576.2
IS. 491.0 25.6
19.313.0
2.712.0 2.033,0
23.579.2 26.3
22.064.8
4.079,1
2.124,5
104.0
7.257.0 25.9
7.820.0
1.776,0
116,713.3 26.0
143.061.1 23.258.2 7.168.1
23,447.6 25.6
24.86.3.5
4.328.91 1.678.8
5.698.9 22. S
5.626.6
257.3
1,042.0
6,004.9 26.2
603.4
8.285.4
973,5;
2.394.6
429.9'
70.1
2.107.1 23.7
6.121.0
978.0
760.0
7.095.0 24.5
6.208.0 19.5
5.843.2
961.S
250.0;
19.112,8 22.7
27.378.8
3.433.7
909.8
135.377.3 18.146.1 10.070.9 110.161.1 25.6
17.521.6 22.3
22.440.9
2.778.4| 1.134,8
3.647.2 16.3
3.315.2
373.5
223.3
864.0
5.930,5 26.9
732.1
5.829.9
2.158,9
345.7
247.9
2,466.1 24.0
16.147.1 23.8
17.025.8
2.701.0 1.159.2;
63.930.7
27-7
54.638.4
11.468.2 6.223.0
18.544.2 251
19.238.1'
3.149.1
1.509.2
3.846.8 19.0
272.3
459.0
3.514.1
7.116,9 25.6
7.506,3
1.147.8
679.S
10.385.1 23.8
191.S
10.419.6
2.291.2
35.967,0
42.126.0 26.9
7.608.0 3.749.0
10.159.0 21.9
9,880.1
1.825.6,
408.8 j
21.21S,0 24.7
24.577.7
4.124.0, 1.120,0
79.391.0 26.2
70,771.0 16.996.0 3.810.0
1.304.1
223.0
146.2'
1.536,9 24.0
20.154.0 26.1
18.308.0
3.323.0 1.954.0'
9.445.0 26.0
9.8SS .0
1.246.0 1.216,0
64.209.4 24.6
82.163.3
14.135.6 1.660.9
15.452.4
543.4
15.506.7
25.7
3,445.4
3.950,0 20.7
3.601.0
718.0
102.0
6.033.5 254
1.007.7
503.8
5.012.8
3.935.0 25-6
3.937.2
191.2
818.9
50.808,4 25.2
47.931.9
11.887.4
938.9
11.646.6 25.4
10.677.3
2.369.2
605.1
925.0
4.214.9 26.2
180,0
3.363.5
746.6
6.174.5 25.6
4.855.9
S3 5,3
13.302.3 24.1
1.499.2
1,712.1
12.692.5
7.967.3 23.3
294.3
7.859.2
1.566.9
3.228.5 25.0
3.087.8
220.5
586,9
9.159.8 20.8
9.801.6
725.4
1.183.1
531.0
4 495,0
4.877.0 25.0
693.0
19.253.0
25.1
16.759.0
3.046.0 1.802.0
4.716.0 23.1
697.0
4.811.0
394.0
10,178.9 22.0
12.322.6
1.737.4
507.1
6.991.2 25-0
419.3
6.0*7.1
1.332.6
5.437.1 20.3
4.992.1
462.6
645.4
5.560.0 21.2
806.0
377.0
5.768.0
15.101.0 24.5
195.0
12.565.0
3.509.0
in all these figures.
BY omit two ciphers (00)
Capital
and
Banks.
in
words,
LXXXIV.
Legals.
Specie.
Loans.
New York
Feb. 16..
Feb. 23..
Mch. 2..
Mch. 9..
Mch. 16..
Boston.
Fob. 23..
Mch. 2..
Mch. 9..
Mch. 16..
Phila.
Feb. 23..
Mch. 2..
Mch. 9..
Mch. 16-.
a
Clearings.
Circu¬
Deposits, a
lation.
Surplus.
$
$
281.934,0 1092,061,0
281.949.5 1083.■460,4
281.949,5 1079.185.6
282.402.3 1066,956,9
282.402.3 1053,576,6
$
192,167,5
190.145,8
189,065,2
185,456,7
183,454,4
?
76,650.1
75.419.2
74,401,4
71,566.3
70,572,3
1057.546,2
1045,021,7
1038,431,8
1019,889,1
43.680,0
185,031,0
183,742,0
183.907,0
43.680.0
IS 1.522,0
16,691.0
16,456,0
15,670.0
16,403,0
4,141,0
4,049,0
4,206,0
4.168,0
211.328,
208,814,0
208.500,0
208.627.0
51.165,0
51.165.0
51.165,0
51,165,0
223.S64.0
43.680.0
43,680.0
'
$
$
53,194,3 1.750.303.5
53,004.5 1.581.598.4
52,787.211,987,464,0
52.281.312.158.480.4
1003.974.4 51.562,3 2.514.930.1
8,477,0
8,491,0
8,489.0
148.360.0
167.729,8
169.933.3
182.049.6
13,813.0
108,274,2
8,479,0
256,204,0
255,863,0
249,695,0
250.145,0
55,331.0
55,809,0
52,384,0
51,032 0,
223.012,0
223,064,0
222,729,0
$
13,812,0
169.739.7
13,796,0
141.250,0
144,706.7
13,785.0
Including for Boston and Philadelphia the item “due to other banks” and
For Boston these Government deposits amounted
on March 9 to $3,474,000.
also Government deposits.
on March 16 to $3,478,000;
Imports and Exports for the Week.—The following are
the imports at New York for
totals since the beginning of
the week ending March 16; also
the first week in January:
FOREIGN' IMPORTS AT NEW YORK.
Dry Goods
12,105.067
$3,476,554
10.495,197
$2,905,903
13.252,503
$2,647,642
11,146,107
$16,201,830
$13,971,751
$16,158,406
$13,793,749
S45.41S.292
146,822,420
$40,076,970
123,911,397
$35,010,640
$31,370,591
130,887.878
109,739.722
$4,096,763
-
General Merchandise
-
Total
Since January 1
Dry Goods
General Merchandise
Total 11 weeks
1904.
1905.
1906.
1907.
For week.
$192,240.712 $163,98S.367 $165,898,518 $141,110,313
-----
1
1
-
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 16 and from Jan. 1 to date:
WEEK.
EXPORTS FROM NEW YORK FOR THE
|
1907.
$13,837,522! $11,918,224 $11,913,848'
!
For the week
1904.
1905.
1906.
126,312.347
123,809,695;
Previously reported
100,823,262
$9,836,836
100.694.556
L
$110,531,392
$137,647,217 S13S.230.571 $112,737,110
Total 11 weeks
1
:
The following table shows the exports and imports of
specie at the port of New York for the week ending March 16
and since Jan. 1 1907, and for the corresponding periods in
1906 and 1905:
EXPORTS AND
126.1 50.9 156.252.3 1053.576.6 183.454.4 70.572.3- 1003.974,4 25.2
IMPORTS OF SPECIE AT NEW YORK.
a
a
Total ■-•! T i;.tea States deposit1? included.
Reports
•
staiemt-m
of
Non-Member
Banks.—The
ciphers (00) tn all cases.
Legal
Ccrivu
Svr-
7A us.
.
Loans.
and
Intest-
Sp<cU.
Wash, H
Century
?
£ :■?
o
■J tit.(I
Cbeieeh Ex..
Colonial
Columbia
Consol. N at.
....
Fidelity
...
1 4th Street.
liainiltfii
_
..
J eflensMTi
Mt. Morn-..
Mutual
19th Wa-d.
Piatt.
Riverside
.
.
12tL Ward
23 rc Ward
1‘nlon Ev-i..
Yorkvihe
Coal 6: I Nat
34th St Nat.
Batt.Pt Nat.
..
].'»./ .ft
] »fl .(1
T',(KU.<
.Of in .o
_H*(>
.Of.lO .0
_*f |! l .0
y id .o
_'.v .0
_">.i .< i
Jf
.0
JfWi.O
]<¥J .<>
%
3 74.7
3 54.0
V >3.7
427.*
4 42.3
2 OK .2
3 44.4
424.0
243.3
•••42 7
219.5
2*6.5
200.7
342.9
3 03 1
211 25
$
970.3
1 439.5
1.109 3
4.496.4
6.289.0
6 >3 0.7
I 3 45.8
14.5
279.0
15.9
4 3.0
04.9
44* 7
575.6
200 M
3192
772.2
2ijfj /.*
I v) .o
1.000.0
3 56.3
405.4
3 52 >
704.0
*96.5
9 lk.2
614.3
212.5
3.026.9
2 93 4.5
2 794.0
1 986.6
4 .723.0
10.663.3
6.049.0
3.171.0
1 .836.6
10.432.0
490.0
250.0
200.0
1 160.3
73 2.0
341.2
4 120.6
2 548 4
310.0
125.0
581) .3
3 74.0
889 .0
3*4 7
8* .5
301,0
820.2
215,0
200,8
12.2
3 75.0
25.2
.VKt.d
2' *0 .(*
2(in iy
750.’.
plO.O
12.8
25.0
34.3
6.714.6
5.210.6
4.162 7
2.85* 0
3.555-0
3 .922 7
.090.0
1.877.1
2.394.0
3 73 7.2
8.300.5
3 451.5
4 725.0
1 458.9
jl.K)S i
3 '¥) .i.i
8
4
2419
40 9
008.0
3.56 1
1104
89.837
95,200
Germany
Clear¬
ing
Other
Banks.
Agent.
<tc.
Total 1907
Total 1906
Total 1905
S
Silver.
Great Britain
France
Set
Deposits.
S
39.1
76.0
32.9
364,3
203,0
128.9
74.8
307.9
23 8.3
290 2
81.2
4 3 4 -6
322,0
270,0
142,8
206,0
176.0
234.0
382.5
164.0
7,2
34.5
%
66.9
it
30,9
136.7
200.1
fi
120.9
523.6
484.0
450,7
.
.
_
220,0
*1 9
359.4
220.4
241 .7
263.8
52.3
477.2
188.0
132.4
225.0
119.0
486.2
228,9
60S .0
85,8
34,7
3*2.8
375.5
133.5
5 8.2
61 4
43.3
138.1
....
114.6
-----
6* .3
00.0
20,0
$
800,9
1 .398.0
1.409.8
5.190.8
6.713.0
5.338,9
1.118.5
6.777.2
5.872.7
4,049,8
3.305,3
3.627.5
4.457.2
4.416.0
2.148,3
2,786,0
2,044 0
7.971.7
4.039.4
4,392.0
1,563,7
587,4
1,355,336
$67,973
$1,702,226
-
3,652,375,
-
.
23.028!
1.388,291
S6.S0.S75
29,889,071
$683,405
$8,235,522:
273.000!
136.000
j
24.373
194.566
266,062
4,256
$27,355;
$490,279
$110
j
;
1
—1
$819,405
Totai 1907
Total 1906
Total 190.5
27.245!
29,829
West Indies
Mexico
South America
All other countries
.!
680.740'
567.686!
$1,627,544
504.657
2,204,506
$1,022
1,000
Germany
94,080
37.000
510.433
45.001
$6,8451
4.889;
56,239
$346,890
West Indies
Mexico
South America
All other countries.
Bank
V
v. City.
Boroughs 0"
Mar.. ±B~ .T
5754,673
Great Britain
France
Tender
.and
Sous.
m * mlt.
Deposit with
Since Jan. 1
Week.
Since Jan. I
Week.
following is the
March 16 1907. based on average daily results.
We omit rtoo
Banks.
Gold.
of condition of the non-member banks for the
week er.Ji ng
Imports.
Exports.
S14.5S3.400.
,
1,786
$8,541,137
12.878,0071
8,056.000
27.219'
192,963!
523,781
568.70C
•ere
Of the above imports for the week in 1907, $7,105 wer
American
merican gold coin and SG0 American silver coin.
(
Of
the exports during the same time
wort' American
gold coin and
were American silver coin.
ihmlxtng and Ifiuanctal.
Borough o'
BrooUpr;
Borousrh
Broadway
Brooklyn
Mftv
..
..
...
Nat..
MechanicsNassau Nat.
..
Nat
City...
North Sid*-.
Union
300.0
352.0
3 .090.0
750.0
309.0
100.0
370.0
1964
3 85.0
75.2
132.3
625.2
418.0354,0
116,9
740.0
259.3
213,4
243.6
566 5
991,0
765.0
404 .0
51 1
2,850.0
1,953.6
198,9
93.0
59.7
257.6
73 1
76.1
2.387 2
3.652.0
122.0
67.6
39.5
3 4.0
13 8.0
463.2
254.6
2*19,0
128.0
28 3
1398
59 0
34 4
185,1
159,3
.
88,0
174.5
3,282.9
2,897,8
2.152,2
4.989.5
300.0
8.095.8
89 2
2 .097 4
20,3
2,107.4
21 -2
48.0
158 J
63 6
86,8
58.0
2.004 8
1 ,630.1
Tot. Mch 16 11737,0 35659 7 334726.6 6 195 9 7.549 2
Tot. Mch. 9 3 3 737.0 3 5659,7 13546J .9 6.077.5 7.390.3
lot. Mch.
2 11237.0 15283.9 134322.0 6 234 8 7,623,5
7.316 4
5,253.0
15.310.8
Spencer Trask & Co.
1,948.7
4 .684 .9
135 6
401 .8
193,9
Bonds.
5,317.0
3,586,0
14.423,0
Jers*-> Cit> .
Nat...
Hud.Oo Nat.
Third N at...
Hoboken.
First N at...
Second N at.
Iruat
12.324 9
J .383.0
First
pleased to mail Investors copies of our 10-page
describing 5? Short-Term Notea and Collateral
We Bhall be
circular
4 **0,8 146865.6
5.062,6 J45369 7
5,421,1 145053,3
| Branch OAoe,
Albany, BT.Y.
WILliam and Pin# St#., New York
Moffat
&
White
Members New York Htock Exchange.
• NAB8AU STBEBT.
HANOVKR BANK BU1LDINQ
Dealer# tn Investment Securities.
COMM 1 MM ION ORDER* EXECUTED FOR CASH
OflhY
Mar. 23
jBiiuluers' (Sa^jette.
For Dividtnds see page
673
)
THE CHRONICLE
1907.]
week, steadily diminishing day by day, but are still above
of recent months. There has been a partial
recovery in many cases from the depression reported in our
last issue.
Among the exceptions are Burlington A Quincy
joint 4s, Delaware & Hudson con. 4s, Norfolk A Western
U. S. Steel 5s, which are fractionally lower.
con. 4s and
Some of these have been notably active, as have Atchison,
Rock Island, Erie and Pennsylvania, which are higher.
United States Bonds.—Sales of Government bonds at the
Board are limited to $30,000 4s, coup., 1907, at 101%.
The following are the daily closing quotations; fur yearly
range see third page following.
the average
671.
Wall
Street, Thursday Night, March 22 1907.
Money Market and Financial Situation.—Slow and
irregular progress has been made in a return to normal con¬
ditions since the disturbance noted last week in the security
markets.
There was a fairly substantial recovery from the
low prices then recorded, but the eagerness usually mani¬
fested at such a time to buy seems now not to have been
participated in very generally by the investing public, but
by traders seeking quick profits. Any advance under such
conditions is likely to be temporary, as the steady decline
of values to-day demonstrates.
The local money market is also more quiet, but abroad
The
the situation is such that the Bank of France has deemed
expedient to advance its rate from 3 to 3%%. The
importance of this action is suggested by the fact, that f*r
more than seven years this Bank has not found it necessary
to establish so high a rate.
Considerable interest attaches, in railway and financial
circles, to recent announcements by railway companies of
the cancellation of orders for improvements and equipment.
Of course the importance of such a movement depends upon
the extent to which it is carried, but its present proportions
it
such as to attract attention and invite comment.
The open market rates for call loans on the Stock
change during the week on stock and bond collaterals
4s.
4s.
4s.
4s,
1907
1907
1925
1925
23. 1936
*
Q— Jan
*105
*105
*105
*105
*105
*105
*1054
*1034
*1034
*1024
*1004
1014
*1054
*1034
* 103
4
*1024
*100-4
1014
*1054
*103 4
*103 4
*102 4
*
1004
*1014
*1054
*103 4
*103 4
* 102 4
*1004
*1014
*1054
*1034
*103 4
*102 4
*1004
*1014
*130
*130
*130
*130
*130
*130
*130
*130
*130
*130
*1054
*103 4
*103 4
*102 4
*1004
*iot 4
*130 4
*1304
Q—Jan
Q—Feb
Q—Feb
Q—Feb
registered Q—Jan
coupon Q—Jan
registered Q -Feb
coupon Cl -Feb
Panama Canal coup Q—Nov
This Is the price bid at
March
March March
;
16
IS
Interest
registered
2s. 1930
coupon
2a. 1930.
1918
registered
3a, 1908
coupon
39, 1908 -1918
3s. 1908- 1918..small coupon
March March March
19
20
21
Periods
the morning board; no sale was made.
Railroad and Miscellaneous Stocks.—As is usual after a
serious break in prices, the stock market was decidedly
irregular during the early part of this week. Later it be¬
came more settled and the volume of business about normal.
The lowest prices of the week were generally recorded on
ranged from 2 to 0%. To-day’s rates
call were Tuesday. These were an average of from 3 to 10 points
4@5%. Prime; commercial paper quoted “at 6@6%% above the low level reached last week. On Wednesday the
for endorsements and 6@6%% for best single names.
tone was firmer, with a substantial recovery* in most cases.
The Bank of England weekly statement on Thursday
On Thursday the market was relatively dull, only about
showed an increase in bullion of £150,140, and the per-^ 640,000 shares having been traded in, as against nearly
eentage of reserve to liabilities was 44.00, against 46.39 2,600,000 shares on Thursday of last week, and no marked
last week.
tendency was apparent in either direction. To-day the
The discount rate remains as fixed Jan. 17 at 5%.
The selling pressure was renewed, causing increased activity
Bank of France shows a decrease of 3,325,000 francs in gold and a general decline of prices.
The latter amounted to an
and 375,000 francs in silver.
average of from 2 to 6 points for a large portion of the act.ive
NEW YORK CITY CLEARING-HOUSE BANKS.
list and carried several issues below the previous lowest
prices of the week, Erie being conspicuous in the movement.
Differences
Delaware & Hudson has covered a range of 12% points.
1905.
1906.
1907.
from
March 18.
March 17.
March 16.
previous week.
Union Pacific 11, Reading and NorthWest. 10, Great Northern
8, Northern Pacific and Illinois Central 7 and other promi¬
$
S
$
$
are
Ex¬
have
.
.
■
115.972.700
116.472.700
126,150,000
135,879,600
145.655.100
156,252,300
Loans and discounts..
1.053.576,600 Dec. 13.380,300 1.025.432.400 1.127.678,400
42.803,500
Dec,
50,920,700
719,000
51.562.300
Circulation
a 1.003.974,400 Dec. 15.914,700 1,008.868,700 1,174,438,100
Net deposits
215.060,000
180.451.700
2.002.300
183.454.400 Dec
Specie
83,703.700
77.630,600
995,000
70.572.300 Dec.
Legal tenders
Capital
Surplus
-
•
254,026.700 Dec.
250.993.600 Dec.
Reserve held..
25% of deposits
3,033,100 Inc.
Surplus reserve....
2.997,300
3.978,675
258.082,300
252,217,175
298.763.700
293.609.525
981,375
5,865,125
5,154,175
United States deposits Included, against $14,479,600 last week and
$11,868,500 the corresponding week of 1906.
With these United States deposits
eliminated, the surplus reserve would be $6,678,950, on March 16 and $5,671,625
^ a $14,583,400
on
March 9.
k.Note.—Returns of separate banks appear on the
unsettled and lower
Thursday, influenced by derangement in securities,ac¬
companied by disquieting rumors of the embarassment of
international bankers; on Thursday there was a recovery
until
and the tone was strong on
mand for remittance.
Friday because of a good de¬
To-day’s (Friday’s) nominal rates for sterling exchange
were
4 80 for sixty-day and 4 84% for sight.
To-day’s
(Friday’s) actual rates for sterling exchange were 4 79@
4 7915 for long, 4 S350@4 S360 for short and 4 S425@4 8435
for cables.
Commercial on banks 4 7860@4 7S70 and
documents for payment 4 78@4 79%.
Cotton for pay¬
ment 4 7S@4 7834, cotton for acceptance 4 7860(5:4 7870
and grain for payment 4 79%@4 79%,.
To-day’s (Friday’s) actual* rates for Paris bankers’ francs
were
5 25% @5 25
for long and 5 23% (o'? 5 22%/i for
short.
Germany bankers’ marks were 93% (<793 9-16 for
long and 94 5-16@94%</ for short. Amsterdam bankers'
guilders were 39 84(5)39 86 for short.
Exchange at Paris on London to-day 25f. 31%c.; week’s
range 25f. 34c. high and 25f. 31 %c. low.
The week’s range for exchange rates follows:
High
A dual—
4 79
© 4 7915
Low
4 7840
© 4
Paris Hankirs' Francs—
5 25*4
High
7845
©525
Low
5 20*4
© 5 25H
(lirmang Hankers' Marks—
High
934
© 93 9-16
Low
934
© 93 4
Amsterdam Hankers' Guilders—
High..
Low
Less:
Pius:
1-16 of 1%.
k 1-16 or 1%.
a
4 8350
4 S3
5
5
234
234
94 5-10
94 3-16
© 4 8300
4 8425
© 4 8305
| 4 8375
© 4 8435
© 4 8380
© 5 22 4 h
© 5 234
© 9440
© 94.4
39 13-16 © 394
© 39 86
39 84
d 1-32 of 1%.
x
Cables-
-Short-
-LontjShrl ing
1-32 of 1%.
h 3-32 of 1%.
1/3-32 of 1%.
the rates for domestic exchange at the
undermentioned cities to-day:- Savannah buying, 50c. per
$1,()()() discount; sidling, 75c. per $1,000 premium. Charles¬
ton sidling, $1 per $1,000 premium.
New Orleans bank, S5e.
per $1,000 discount; commercial, $1 per.$1,000 discount.
Chicago, 1 (Hu per $1,000 premium. St. Louis, 40c. per
$1,000 premium.
San Francisco, $1 50 per $1,000 premium.
State and Railroad Bonds.—The transactions in railway
and industrial bonds have been on a smaller scale than last
The
following
were
6S1.
following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
The
STOCKS.
Week ending March
tor
Week.
Alice Minin*.
Amer Teleg A Cable....
Bethlehem Steel
Preferred
Chic A East Illinois, pf..
St P installChic Milw
ra’t certs. 10% paid
do
pref. 10% paid..
Col Fuel A Iron. pref...
Comstock Tunnel
General Chemical
Preferred
H B Claflin
Ingersoll-Rand
-
Preferred
Kanawha A Michigan...
Manhattan Beach
New York Dock
N Y & N J Telephone...
N Y A Rock Beach
Ontario Silver Mining
Peoria A Eastern
Sears. Roebuck & Co. pf
United Cigar Mfrs. pref.
...
.
Wes tern
Maryland
Range for week.
Sales
22.
.
preceding page.
Foreign Exchange.—The market was
nent issues from 3 to 5.
For daily volume of business see page
1.100
!
$44 Mch 22
Mch
Mch
Mch
Mch
Mch
Mch
Mch
300 75
810 11
100 50
100 115
Mch
1.325 118
3.42.) 1324 Mch
Mch
300 65
1,300 30c. Mch
Mch
100 70
Mch
100 102
Mch
100 102
Mch
300 5i)
Mch
100 92
Mch
100 50
44 Mch
100
Mch
213 32
300 112 4 Mch
100 26 4 Mch
5 4 Mch
soo
Mch
800 20
Mch
100 92
Mch
20 90
Mch
100 19
Range since Jan.
Lout st.
Highest.
Lowest.
$5
21 75
21 12
16 50
19 115
16119
22 137
22 75
21 32c.
19 70
21 102
20 102
21 52
21 92
20 50
44
19
16 32
16 112 4
20 26 4
22
64
22 2mk
19 92
19 90
20 19
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Met
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
20> $4
21
75
18 11
16 50
19 115
Mch $74
Mch. ss
Mch 204
Feb 65
Mch. 120
16
16
20
21
19
21
20
20
21
20
19
16
21
20
16
16
19
19
20
Mch 141
Mch 149
Mch 8.54
115
132
65
•23c.
70
100
102
50
92
•50
44
32
110
26 4
44
IS
92
884
19
Mch
50c.
Mch
754
4
Mch 102
Mob 103
60
94 4
50
5
Mch 42
Mcb 115
Mch 264
Jan
84
Mch, 30
Mch. 94 4
Feb 94’,
Mch 30 4
Mchi
Mch
Mch
Mch
1.
Highest.
Jao
FebJan
Jan
Jan
Jan
Jan
Jarr
Jan
Jan
Feb
Jan
Jan
Jan
Mch
Jan
Jan ■
Jan
Mch
Feb
Jan
Feb
Jan
Jan
Outside Market.,—Following the lead of the Stuck Exchange, the ‘“curb” market has been irregular this week with
Boston Consolidated Copper from 26
then dropped to 25, recovering finally
to 26%.
British Columbia Copper advanced from 7% to
8%, fell back to 7 %. later advancing to 8. Butte Coalition
ran up from 27% to 31%, declined to 28, and ends the week
at 30.
After selling up from. 17 % to IS. Greene Cananea
sank back to 15%. closing to-day at 16.
Greene Consoli¬
dated Copper improved in the early part of the week from
25% to 26%. but closed to-day at 23%.
Nevada Consoli¬
dated Copper rose from 15% to 16%, dropped to 14 and
ends the week at 14%.
United Copper common opened thcweek at 65, advanced to 68%, then declined to 64%.
It
moved upward again, closing to-day at 65%.
Nipissing sold
up from 11% to 13%. fell back to 12 and ends the week at,
the low figure.
New house gained 2% points to 22%, the
close to-day being at 21 %
hi industrials Waterbury Comnany common was an active feature, losing a point to 48%,
but advancing finally to 50%.
Western lee was steady,
fluctuating between 26% and 26%.
Standard Oil from
509% advanced to 515, but subsequently sank to 509.
Havana Tobacco common sold up fix*m 10% to 11%. but
the preferred lost 4 points to 20.
International. Mercantile
Marine preferred declined from *22% to 20%.
Chicago
Subway, after an advance from 19% to 21, moved down to
16% and closed to-day at 16%'. Great Northern ' rights’*
from IS went to 20%, sank to l 4%, recovering finals to 15.
Outside quotations will be found on page 681.
the trading dull.
moved up to 27%,
.
*
Exchange—Stock Eccord, Daily, Weekly and Yearly
ftew York Stock
6 7 O C KS—mull KS '1
March IS
10
March
90 ^
91
90 4 .to *•_
104 Hi 100 '
101
iO'JH
91 4
’95
01
,
128
13 ' H
b5
17 l 4
03
§189
17l=0
09
180
60
4
60*8
180
434
*
1507g 153 'g
150
212
212
*15 4
59
173ft
13=8
59
14
77
77
130
154
13 Hi
23 Hi
294
65
46
73*ft
'70
14
14
24
304
66
21*a
29
65
*74
*634
•85
463ft
72
90
*65
*83
144
1424 147 4
62
b54
11
11
444
86
1*46
1464
254
60
18
26
61
194
3S4
78
88
,
784
*90*
f *75
21H»
497g
214
*50
53
*85
88
1084111
1304 130°ft
:
37 Hi 383ft
:
64a* 66
70*14 72ift
!
•121
125
604 50H>
23*8 234
t
*
77
63 4
18 4
19
19«b
1343ft xl263ft J324
134 4 *1464155
*614
194
77
64 4
19 4
444
78
844
1154
22 “V, 24
75
Vo7,
78
114
:
*
26
*105
23
110
26
-29
51
26
*76
86
143
23
1444
5734
184
34
4
25
244
594
59
19
344
74
134
343ft
*73
214
76
514
53
22
53
65
60
•18
*65
53
1193ft
117
1184
135
98
134
95
135
95
203ft
21*4
52*4
52 »y
36Hi
64Hi
38H,
71*8
724
65
119 41194
50*a
23*8
65
53
534
82 4
1143b
22 4 23*4
74
74*4
28 4 29 4
§53*4
80*4
114
235
*200
Do
pref
Buffalo A Susque, pref...
/ Canadian
83,575
Chesapeake A Ohio
Chicago A Alton RR
21,500
Pacific
Canada Southern
Central of New Jersey...
"
644
18£
13 la4
152
Do
Do
*
*86
105
51
61
*51
*2u4
23 4
1184
42
120
Hft
178
*
2*6=8
74
90
126 4
124
97
105
100
123
Bid
Ask.
•84
140
24
194
19=4
194
34*4
34
72
364
74 4
36
74
22
23
514
53
214
514
18
66
60
23
t>0
60
22 4
63
23
65
60
214
53
117
1183ft
135 4136
*934100
204 21
624 524
87
87
10541064
131
13234
37
374
644 654
724 73 4
•lib
1^5
*52
63
23 4 *204
117 4
1174 119
40
*37
42
*110
*110
120
*73
•72
85
176
179
1764
38
384 384
77
77
774
80
•75
90
124
127 4 1244
122
121
122
-96
93
*.i6aft
*90
•90
105
•62
95
95
123 4 121
121
70
70
70
•204
284
118*4
40
120
80
1764
384
784
80
1274
1224
88
141
25
...
Battery Park
750
120
jBoweryl
320
Aator
....
Batch’s A Dr 160
Century!.... 190
Do
23
58 4
80
584
*60
Chase
Chatham
....
Chelsea Kxcll
*
6290
310
195
134
*934
62
62
•36
*18
37
21
*19 4
22
354 36
203ft 214
*49 hi
80
52
•49
52
5t*Hi
51
794
81 4
4 497e
774 814
1144 1144 •1143ft
224 224
22*4
74
74
734
27 4 28
28
49
*
105
*25
29
824
*90
•92
«)8
lu5
1U0
70
*
Mi
70
IOO
1014 1044
'82
8^J *2
*85
•_'0‘4
40
*0-
80
814
♦1143ft 11 < 4
b8
2l=8
46
67
1144 115
23
22 4
23
20*4
734
284
74
28
74
70 4
22
73 s
284
284
28*s
115
‘105
26
*25
115
26
494
294
28\
514
50
*105
115
25 4 25 H?
29
28*4 *27
50
51^
G0a4
Bui
llnnlu
Ask
26i>
Coal A Iron.
240
245
Colonial!
Columbia!
...
700
..
GOO
130
330
170
Commerce...
Consolidated
......
117ft
150
410
150
255
250
525
,
117 3
160
300
3o8
150
160
East River.. 150
160
200
Fidelity!
Fifth AveV.. 3900 4200
C’rnExch!
Discount!
...
....
llonks
Bid
Fifth
340
F1r.1l
650
th
14
Street'j. 225
Fourth
195
Gallatin
350
Garfield
590
German Ami 145
German Ex! 135
Germania!
..
Greenwich !
...
..
515
575
MarlS
87
504 Mario
23
38,910 1114 Marl*
900
i 00
87,080
13,890
535
90
Mario
**22*0
.
Bid
Banks
Interboro!.. 155
Mechanics’
Mech A Tra!
Mercantile..
J30
170
March Eicii
i.75
Merciiauts’..
160
390
.
Metropolis
150
Dec
Feb
Dec
Jan
87
.’014
704
Sep
Jau
Jan
sep
2394 May
6»\ Aui}
ft 4 oct
77 4 Oct
23 4 Jau
86 Hi •ian
5
33 4 Dec
Jan
240
Max
Au|t 270
32 4 Dec
A '>1
Jan 8 168 J’ue
Jan 19 175 Nov
93ft Apr
934 Feb 21
25
Dec
Jan 11
25
34 May
53ftJan 9
114 J’ly
I94, Jan
89
Dec
924 Jan
110
108 4 Jan
J’ly
29
Jan
4
384 Jan
66 4 Apr
69 4 Jan
Jan
Jan
108
202
184 Jan
424 Jan
13*4 Feb
474 Mai
1094 Jan
Jan
118
41
Oct
73 4 Feb
43
Deo
58 4 Jan
May 5 1
189
2274 Jan
May 23 14 Nov
510
Jan 24 4374 May- 560
May
424Jan 7
834 Jan 10
80 4 Jan 16
104 Jan 6
39
Jan 4
444 Jan 6
754 Jan
67
144 Jan
47 Jan
30
83
Ool
514 Jan
914 Jan
794 Dec
16
J’ly
102
Apt
45
32
384 May
744 Dec
62 4 Apr
68
Dec
Jan
1893ft Jan
85
Jan
364 May
Feb
224 Jan
Jan
004 Jan
Jan
83
763s Jan
76
80
J’ly 94
2 cL78 Dec 348
5 70aft Dec 85
814 Nov 92 4
17 114 Oct 23 4
3 334 Jan 53
4 774 Jan 9734
19 1134 Feb 135
5 92 4 Nov 994
3 164
May 1844
Jan 23
76 4 Jan 7
284 Jan 4
51
Jan 7
80 Jan 10
303«Jan 6
619« Jan 8
284 Jan 12
334 j'ne
704 J’ly
24
J’ly
48
J’ly
77
Oct
22
49
7* J’ly
J’ly
274 J’ly
Jan
Aug
Feb
Dec
Jan
Jan
Aug
May
Apr
J’ue
J'ne
554 May
874 May
344 Jan
63 =ft Jan
84 4 Feb
374 Jan
71
Jan
44
4 Jan
75
61
Marl3
Sep 1924 Jau
674Jan 9 6L4Cct 81=4 Jan
1454 Jan 5 136 4 May 1564 Jan
Jan
146
Feb 13 14o Sep 162
107 Jan 23 103
J’ly 127 Jau
184
May
294 Dec
274 Jan 6
59
Jan 15 584 Dec 84‘4 Jan
00
Jan 24 90 Apr IOO4 Jan
Mar
1404 Jan 3 134 Dec 164
168 Jan 3 163 4 Apr 1833ft jau
29
May 43=8 Nov
444 Mar 1
644 Apr 76 Nov
72 ®4 Jau 4
85
4
May 1063ft Jan
923« Jan 5
31 ay 1494 Jan
147
Jan 8 133
594 Jan 9 36 Apr 094 Deo
27
Feb 14 184 J’ne 30 Decr
1344 Jan lo 126 Nov 1564Jau
Mar20
Mar 14
Mar 14
Mar lb
Murl4
7 io5 * Jaii 1*42*’
J’ne
105
Jan 106
Jan
105
4
Jan
135
126*’Mar 8
May
122
147
4
J’ly
4
Jan
L414Jau 8
78
Jan 22 75 May 87 Jan
lU5 4Juu 5 100
May 109
Au,
May £164 Jai
1394 Jan 1 112
89
96
Jai
Jan
92
Sep
90
Jai
94
J au 8
Apr 102
22
5
32
i
No
4
J’ly
V
304 Jan
60
64 4 J an Li
J’ly 694 Au
1244Jan
Marl4
Marie
Mar) 5
MarlG
MarlS 70
Jau 11
Mario 4s4Jan 5
Mar 19 254 Jan 7
MarlU 624 Feb Lo
Mar 14
96;ft Jan 14
Marl4 118 4 Jan 14
Mar 2 2
34
Jan 5
Mar 7
94 4 Jau
Marl 4
374 Jan
Mar 14 123
Jau
Mar 2 2 29
Jau
Mar 13 333ft jau
Mar s 5334 Jau
60
Feu
40 4 J ’ly
20 4 May
724 Ap
51 4 Fel
27 4 Jut
484 May 633y 8e|
61
May- 97 H: Se|
116
J’ly 120 -2 j’n
3 J-4 Xui
4-4 Jai
93
Dec 103
Jai
28
May 40*8 OOI
121
Nov r 1394 Ja*
25 4 Dec
36
J ar
2ft 4.J’ly
40 4 J ai
43
fly 594 Jai
QUOTATIONS
■Ask
165
150
200
500
Liberty ."...
Lincoln...... 1100
Manhattan!. 305
Markot&Fiil 260
J etiersnu!.
4 Sep
70
Dec
16
J’ue
79 4 Sep
70
1 »ee
Jan
Jan
a9
73 4 Apr
Mai
Alarl4 634Jan 7
Jan lb 110 Jan 16 111
Apr 120 4 Jau
793ftMar 6 913ft Jan 7 80 May 92 Dec
X176 MarlS 189
Jau 9 L*>9 Hi Dec 2044 Jan
434 3iay 57 4 J an
364 Mar22 484 Jan 5
81
Feb
71
Mari4 924Jau 5
974 Oct
89 4 Apr
96
Jau
80
Mar 14 904 Jan 10
115 ' Mar 14 189 4 Jau r< 1794 31ay 232 41)00
Feb 13
1194Mari5 134
37
110
I^exas A Pacific
Bidandaaked pncea; no sales were made on this day. C Less than 100 shares, t Ex-rights.
t Sale at Slock Kxchauge or at auction this week,
c Ex beuelicial interest in ore jiropertiea.
220 119
700
100
100
3,170 101
3,320 123
65,400 S'%i
3.300 61
29,096 64
IrviugN. Ex.
300
205
370
525
L55
295
Marl4
Marl 3
95
Do 2d pref.i
287,942 114
Pennsylvauia
720 68
Piltsb. Cin. Chic. A St. L.
5 SO 934
Do pref
964,500 91
|> ending
300
85
I-Vlst pref
600 83
2d pref
22,100 20
Bock Island Company....
2,816 42 4
Do pref
3uO 59
St. L.<fcS.Fr., 1st pref
Do
2d pref
2,120 24
l,3uo 18
St. Louis Southwestern..
1,050 494
Do prof
IS J.460 69 4
Southern Pacific Co
1,5 10 114
Do pref
Southernv.tr. cfs. stuipen 3S,i» JO 20 4
4,400 69
Do prei.
do
7,600 25
lol
hird Avenue (N. Y.)...
8O0
Toledo Rail ways <& Light
2o4
3,650 26
ToL St. L. A W. v. tr. ctfs
7.142 4ft
Do pref. vot. tr. ctfs.
Ask
ft 00
2<0
250
Hamilton!
Hanover."... 500
Imp A Trad. 560
67
52
-‘ft
106
1074
125 4
99 4
94‘h
153 4
184 Jan 23
MartO
Marli
Mas 14
Marl4
MarlS
Jan 14
Mar 14
Marl 4
Mar 14
MarlS
Mar 14
Mar22
7,100
8,110
J H»f
170
165
Marl4
194 Marlb
95
15
52
1.310
854 May 1104 Sep
798
Jan 10 192
Jan 10 225
Mar21 864Jan
Jan 19 115 Jan
Mar 14 94 Jan
MarlS 172 Jan
_.
19.500
1.300
Pacific
Coast
Do
1st
prefCo
I204 122 4
374
4
74
18
47
N:
47
36
500
600
19 -a 203ft Mexican Central
•52
53
Minneapolis A St. Louis.
•86
90
Do pref
103
108
Minn. S. P. A 8. S. Marie.
1304 134
Do pref
35
363,« Mo. Kansas A Texas
614 66
Do pref...
714 734 Missouri Paoifio
119
119
T ash. Chatt. & St. Louis
603ft 504
at.of Mex, non-cum.pl
•214 234
Do 2d pref
1163* ns N. Y. Central A Hudson..
38
39 Hi N. Y. Chic. A St. Louis...
•110
120
Do 1st pref
74
82
Do 2d pref
•1764180 N. Y. N. Haven <fe Hartf.
36Hi 33 N. Y. Ontario A Western.
76
76
Norfolk A Western
•75
85
Do adjustment pref.
123 4 127
Northern Pacific
121
122
Do subscrip, re c t s...
•9634
77
16,000 110=4 Mar 14
1,539 132 Mar 14
Manhattan
etropolltanElevated...
street....
96
300
14,100
7.900
rake Erie A Western...
214
City
......
Marll 234
Mar L4
8
Mar 9
37 Hi Mar21
300
159
luO
j Do
pref
Long Island
47
85 4
86
-82
pief
11441184 Louisville A Nashville...
134
35;*bJan
Mar 14 205
12.500 22=4 Marll
9,001) z57*ft Mar Ay
3,600 18 Marll
2,150 33 MarlS
ansae
214
*83
....
225
325
......
Jan 29
lu9
500
115
100 84
2.900 139
KC.FtJS.<fcM.,tr.
cts. pfd
City Southern..
47
64
36
20
108
1004 1064
deb. ctL B
593ft
Do pref
194 Iowa Central
35
Do pref
•IS
Highest
Lowest
Jan
80
71=4 Feb 14
26 4 Jan 5
244 Nov 394 Jau
Mari 4 157 4 Jau 14 *H6 4 Dec 1994 J >ec
Marl4 1654Jan 5 1160 Dec 21*
Aug
/.
Bay AW.,rteb. otf.A
5
Jan 5
Jan “
Feb25
61=8 Marla
174 Marl5
191462
Illinois Central
74
69
18
79
764 Mar 1 ►
420 149
31
141
160 207
200 10
300 1397e
Anterboro-Metropolitan.
234
534
274*an
Mar 15
2,100
106,557 125
Hocking Valley
Do pref
214
•93
93 4
1044
85
Chemical.... 3 HO
Citizens' Ctrl 140
Aetna
215
500
America7
Amer Kxch.. 235
144 Mar 7
MarlO
50
13
60j
400
Havana
Electric
Do prof
96 4
100
100
123
70
*93
105
1014 105
•82
»5 4
•80
86
214 22
*46 4 41*62
G0=a
704
.
143
25
25
•
384
7
89
Do
tor Previous
Year(1U00)
1131 4 J’ly
Marl 1 133 4 Jau
Mar 14 122
Jan 5 lu53ft May
Oct
87=8 Marl5 94 *•; Jan Hi 91
71
464 Marl4 S3 =8 Jan 7
J’ly
95
Nov
Marl4 115
Jan 2o 121
135
Jan 4 135
Jan 4 1X94 X o\
83
Feb 16 853ft Feb 8
Jan
83
Mar22 1954 Jan 4 1554 May
163
60
Marl 4
65 4 J’ue
65 4 Jan 14
Mar 22 219 4-1 an 2 204
175
May
51 4 Nov
374 Mar 14 56 Jau ;
6,810
pref
Dosnbsorip war’nts h
loago A North Western
Do prof
Do rights
104
42
83
•71
193ft
524
90
307
130
130
1324
353ft 374
364 874
63
644
64*ft 64 4
70 4 72*4
714 734
119
*120
125
125
90
105
132
•84
143
38
77
584
52
*86
105
•105
110
•105
115
26
25 4 25 4
26
29
27
293ft
29 4
293ft
51 4
50
G 1 4
49 4 50 4
Hanks
82=8 Mar 14 1084 Jan 7
Mar 14 101=8 Jan 12
93
99
95
23i
200
*
BANKS AND TRUST COMPANIES—BROKERS’
.
400
505
Do
235
10
*35
594
744
204
*9
37 4
77
594
•52
U7 4ll83ft
1354135 4
•934 100
204 214
52 4 52 4
*86
90
107
109
132 *ft 135
144
25
594
22
*52
•18
*55
22=8
-
•
104
414
*
142
24
,.
63
104
11
**7*8*
26
36
76
•li8
300
Buffalo Rochester A Pitts
138
*160
•5
•15
140
180
7
15
1464
33
75
150
18
129 hi
53,520
Brooklyn Rapid Transit..
1*484 i*5*6*4 1.4*7 4 i*4834 i*4*2*4 i494
*84** **89 4
193a
150
*75
614
GOO
Do pref
1334 Chicago Great Western..
77
Do 4 p. o. debentures
*134
•
Baltimore
Do prefA OI110 .
reen
118 4 1l93ft 118
1193ft 1164
42 Hi 42 Hi
40
42 *2
•105
120
*110
*105
120
86
*70
90
179
179
178
*173
179
*
39
40
384
38’ft 39H
764 79
78
79
75 4
*7.»
§83
83
1764130 4 126*4 130
123
1 141264 124
125H 120 4
i- J
97
*05
97
97
•9 i
100
*90
*90
105
-9 2
100
*97
100
100
122 *« 1253ft
1 22
1‘2334
'.i
71
'.n
72
*••3*2 108
i‘5H< 9334
lu5*ft 1107b 1. I Hi 1093ft
85
85
-bj
85
88
'
83
83
bo
21ift ^ 2 \
214 ‘22
46
46
46
48
484
! *60
65
GJ
*57 s
59
36
38
35
36
37 4
23
18
t *20
21*2 *21
50
80
77
77
63 4
634
’*8*5* **85
593ft
30Hi
*20*4
144
*9*0*"
18>«
<
1334
10
78*a
•584
•50
119
135
•95
95
i
’
145
25
265
118^120
137
i
146*4
194
1136
95
20 >*
*"""
224
60
20
65
60
20
y *68
'•
*53
70
90
11 Hi
44Hi
V
14»4
133ft
■
196,325
1,300
11,288
Atlantic Coast Line BR..
68. J 30
Atch.Do
Topeka&Santa
Fe
pref
Ene
633ft
48*ft
11
»
95
94
loo
102
96 4 99
*874 90
52 4 54 4
534 S478
100
*100
100
128
*110
3 39 4 *110
1394
85
85
163
172*1
171=8
*61
•61
62
ti‘2aft
175
180
180
175
39 4 414
41
4l34
*16
*16
17 ■%
18
59
59
Kange
.
*1.35** i*45*’ *138*’ *1*4*5**
MarlS
145
ic. St. P. Minn. A Om.
160
Jan 18
•160
*160
180
180
180
Do pref
100
6
6
Mar
•6
10
7
•64
74
icagoTerm’l Transfer.
210 15
Marie
*15
30
*16
3u
30
Do pref
Marll
4
2,100
5
5
5
5
5
*44
54
loago Union Traction.
13
1,400 114 Marid
13
14
1334 133ft
*134 14
Do pref
l,20o 7o MarlS
7ft
75
SO
*73
75
72
*72
its. Cin. Chto. <fc St. L.
106
Feb21
*105
•loft
109
106
109
106 4 *105
Do pref
12*045
2«
25*4 Mar 15
264 273ft
273a
273ft
264 27
61O 61
Mar 16
61
614 dl3ft
6i3ft 013ft §62 4 624
Do 1st preferred ....
5,115 47 Marl 4
50
50
GO
47*5, 494 *49
494
Do 2d preferred
173
178
182 4 178
1774 pv ala ware A Hudson— 14,075 167 4 Marl 4
1794 177
1,000 460 Marll
*473
♦470
480
470 470
480
I "elaw. Lack. A West’n.
7,380 28 4 Marl 4
30
304 31
314
314
■*3*6*4 30
73
1,290 70 Mar 9
73
73
74
72*4 73
§75
75
Do pref.
p:
400 654 MarlS
*70
71
71
71
*70
71
714 *70
Detroit united
1,020 •94 Marll
11
14
*134
133ft m *134 16
lath Bo. Shore db Atl..
1,600 20 Marll
32 4 2941
•214 27
224 223ft *214 26
Do pref
28
110,580 244Mar22
24 4 284
29
30
284 203?
2878
9,525 59=8 Mar 2 2
644 66
643ft 66
594 034
644 65
Do 1st pref
36
11,160 36 MarJ 2
454
464 464
454 464
464 464
Do 2d pref
•65
*63
•63
70
70
70
70
*63
Evansv. A Terre Haute..
*85
90
•65
*85
90
•96
90
90
l»o pref
139
49.283 132 Mar 14
1384 143
1424 14041454 138 I45*ft reat Northern, pref
60
60
60 3* 623ft
62=ft
624
604 624
Temp ctfs for ore prop, 43,122 55 Mar 14
14
24
30
65
18
60
16
92
884
9.2 H
95 4 96
102
103
99
99 7s
•87
90
♦200
73Hi
74»ft
62*8
§180 41304
41
414
1474 150
1524
'
73
180
4! 4
140
130 4 1397g
*160
'169
180
7
*6
10
15
20
*12
5
5
5 4
•44
14
14
14
14
14*4
74 4 70
74j4 753, *72
109
•106
*106
iOo
109
27^4 20*4
27
28
29 H,
02
,
61
61
62
*60
48
493ft
48 4
49
51
l>-6
: 1S1
1*2 4 186
175
r 470
475 < 475
475
32
31
29* *
31 H
31
73
984 100 4
88 4
40*8
*614
183s
iOO
180
10
15
OH
•140
•160
•6
15
994
88
88
53 4 544
514 544
100
128
*100
128
139 4
1394
S5
85
169
1714 170 4 1723ft
61
62 4 62 4
61
*180
190
41
43
15 4
17 4 17 4
*
6.)
60
14 Hi
14
14
143*
78
78
763ft 7G3*
•61 Sj 02
63 4 64
19
19
18
18
199
190
135
137H
104 Hi 154 Hi 153
156
42
15 Hi
STOCK
EXCHANGE
ltnilrond*.
*95 4 96 4
102
1034
96=8
Range tor Year 1907
Sates oi
On basis or 100-share lots
the
Week
Shares
Lowest
Highest
STOCKS
NEW YORK
bridav
March 22
Thursday
March 21
907h
90 4
204
88 4
*87 *a 90
54
56*4
1U0
101
139 v
85
171
173*4
*
52
'10t;
ednesday
March ‘10
89*«
93
954 yoy104*4 106
99*4 1014
88
00
b8
W
Tueadav
March 19
Monaav
SatUT'tar
LOWEST SALK PRICKS
A Ml
PAiJES
TWO
OCCUPYING
2 Lo
510
315
26S
2 40
175
260
190
170
Hanks
Bid
Metropoli’n!
Mt Morris!..
165
240
nr.iia.l*j
Nassau!
195
M
....
Ask
*1 state bauks.
h 1st iostaim’t
a
ASK
Park
230
440
250
465
People's!Plieiux
300
1 ft ft
170
Pacific!
305
200
210
New Atnster
New York Co 1200
New York... 305
315
410
Night A Dav 400
19th Ward!. 350
North Amer. 270
Northern
172
182
275
Oriental!.... 265
Bui
Hau its
172 4
-67;»
Plaza!
Prod Exch!
250
Riverside!
Seaboard.... 350
.
..
700
350
State!
220
34th Street
12th Ward!. 400
23d Ward!.. 190
Second
l75
280
370
♦-•'••ip—
Kx-divulend and rights, b New etoek.
n Sold at private sale at thia price.
paid,
.
_
*
New York Stock
Mar. 23 1907.
Becord—Concluded—Page 2
STOCES—HIGHERT AND LOWEST SALE PRICES
Monday
March IS
Saturday
March 16
95
90
94
1*35% 1*1*4 4
404
55 4
D>‘,
2 6 ‘4
li
27
40 4
55 4
14
27
12 4
29 4
15*1
17
lx
39
18 4
39
,
135
•■86
40
55
14 ^
27
12 4
*28
17 4
IS
394
Wednesday
Thursday
Friday
March 19
March 20
March 21
March 22
934
96
i41*b 130*4 i.3'7"
87
32
50
14 4
25 *2
*12
88
40
55
**
14 *2
27
12*4
29 Hi
vo
4
*17
18
94
944
87
39
54
133*8 137 4
88
*32
50
*87
*30
53
87 4
*31
134
26
*114
284
*25
*16
17
39
174
174
394
3J
40
93 4
95
13241374
12 4
is
94*8
i 32%
14 4
264
38
94 4
88
34
52*.j
14 4
27 4
12 4
30
174
17
39
88
34
534
134 14
25 4 264
12
12‘4
23
*16
i 7 4
2s
*37
40
17H
174
Range ror Year 1907
Sales o>
On basis or 100-share Lots
the
Week
Shares
Lowest
Highest
STOCKS
Tuesday
91
136 4
87 4
34
54
*61
13*4
I**,
25
25 4
*12
*2?
*16
*17 4
*38
NEW YORK STOCK
EXCHANGE
Twin City Rapid
Do pref
5,766
'Transit.
Pacific
Union
Do pref
—
U nitRysInv’t of San Fran
Do
875
817’, *00
750
2,200
5.300
4,700
pref
Wabash
Do pref
0,500
3.300
1,100
12 4 Wheeling A Lake Erie...
29 4
Do 1st pref
Do 2d pref
18
Wisconsin Central
18
42 4
Do pref
1,100
•2,005
1,180
874, Marl 4 108 Si Jan
120% Mar 14 1x3
Mario
32
JllarlO
60
MarlO
12Marl4
25
Mar 14
9 Hi Mar 4
86
5
7
7
384Jan
7
5
r
04
62
71 4 Jan
18 Hi Jan
os* Jan
37% Jau 5
21 a* Jan 10
237„ Jan 12
1
22% Marl4
14
16
36
7
Jan
Jan
Jan
Mar 14
Mar 14
Marl4
514 J an
7
Range ror Prevtou
Year(1900)
Lowest
;102
5150
138 4
91 4
50
55
15
36 4
16
36
Dec
Apr
Ma>
214 Oct
23
May
44
Industrial A iUisccil
*280
114
12
28
29
'4
97
22 4
94
*20
•90
102
15 4 16
*..
75
5 l.j
ti
52
52
•
364
384
97
98
-j
29*4
*88
•205
304
884
220
64
*6
*4%
6
23
23
77 4
78
15
*12
*27
29
66
674
105 4 105*4
*6
10
*30
33
•
92
1234 131
10: *, 110
•200
240
•90
100
x
4
38
84
384
1214 123*8126
126
93
92
30
30
*94 4 904
63
664
■108
120
12 4 124
*42
49
30 4 32*4
96
95
34 4 36
24 *« 25 ■
118 4 l2i34
20
204
82 4 *34
70
714
149
149
88
88
146
147*4
135 13 7
14
144
•77
78
•434 444
29
76
69
•65
29
76
704
69
80 ,
115
12 4 124
794
*
•81
6 <*4
85
60
934 99
123
116
704 73
264 274
89
•12
•50
35 4
91
159
46
93*4
25*4
87*
♦280- 300
*280
*280
*280
300
300
12 4
12
*11
12 4 124
12 4
12 4
114 D->3.
30
29 4 29 4
23
29 4 30
29 4 *26 4 29
93 4 96
89 4 93 4
914 94
914
914 944
20 4
20
20
20
20 4 21
21
20
21
*
*8u
•80
92
*85
92
95
904 91
16
16
16
16
16
*154
*164 18
164
*
•
♦
•78
75
80
75
80
80
5 1^
§5 4
ft Wj
*54
6
5*4
0*4
5*4
5*4
52
514
52
x5U*4 51 h
§52
514 514 *51
37
36
36
37 4
36
4 374
35%
374
384
18
97 4 97*4 •97 4 984
98
*97%
974 98
29 %
30
30
30 4
3i'*b
30*, 304
29*4 30H,
•88
88 4
*86
*88
92
884 *88
884 *88
**00
*205
•205
220
§213
215
220
5220 220
6
e 4
6
6
6
*5*4
64
6*4
*0*4
*4 4
*4
5
5
5
5
4
64
4*4
4*4
22
21
*20
*20
21
*21
23
21
23
80
81
76
81
80
77%
774 80
77*4
*14
*12
*12
14
14
13*4
164 •12H» 15
*27
*27
*28
*28
35
*27
35
31
35
64
65
65
67
634 64 4
634 65
62*4
106
105 41064 *105
106
106
106
•1064108
•6
*7
•6
*6
10
*6
10
10
iO
*30
*30
*28
*31
33
33
33
*304 33
*
*
•
*
*
93
92
92
92
123
1284 1184 1234 llo
1224 115
1204 118
1074 i09> 10 7 4 107*4 105 4 1074 105781074 105 4
•2u0
*2oO
*200
*200
240
•2SU
240
240
240
*90
•90
*90
100
•90
•90
100
100
100
3
7 4
8
*74
-74
\
8
7*4
7*4
38
§38 4 384 •37
37
384 39
38=4 §37
121
121
122
122
1234 1204122 4 120 4122
-120
124 41254 *120
*120
125
*125
130
127
*118
•118
*121
119
•118
120
125
125
119
90 4
92
92
92
924
90 4 91
904 92
29
28
29
29 4 29 4
284 29 4
28*4 29
96 4
*96
97 4
96 4 964 *96
97
96*4 96*4
62 4 65
62 4 64 4
63 4 64*4
024
597® 634
*108
*108
*lu8
108
108
*I08
lid
120
120
•114 14
*114 13
•114 14
*114 134 •114
*42 4 49
*42 4
*42 4 49
•42 4 49
*42 4 -*9
30 4 3»*4
30
294
324 33 4
294 30*4
31
94 4 95
06
944
§954 954 *95
954 96*1
33 4 36
34
34 *a 37 4
34 4 364
oo
33
*23 4
24 4 V5
23
24
24
24
24
244
120
118
116
117
120
118
116
124*4 116
19
19** 30 4
204 21
iy4 204
19*4 194
83 4 84 4
82
82
83 4
83
83
824 84
69
70 4
70 4 72 4
68
70 4
084
68*4 71
•
*
•
144
145
165
145
170
170
•83
86
*83
88
69
87
87
87*a 8/4
•145
145 4146
145
145
1464 141
1444 144
132
131
•182
134
133
•131
140
140
135
15
144 15 4
§15
144 14*4
144 144 -14
76 4
78
•774 784 *77
764 77
774 77%
*43
43
44
43
*43
45 4 •43
44 *y
464
•
*23
29 4 30
*27
30
28
29
•27
29
*77
78
•75
80
*75
78
79
79
79
68
66
66
674
68 4
664
664 664
664
66
66
67
*64
67
67
69
674
664
*280
300
894
79*4
80
113
*124 13
♦81
85
594 61*4
987s 99
116
120
73
744
26
264
884 90
113
•13
14
" 53
50*4
36 4
38
93
160
49 4
93
160
93*4
274
*90
89
59
47
27
8834
54
*100
♦
•140
145
14U
42
414 42*4
•72
•70
80
52
64
300
784
*
*12
*81
664
98**
93
98
28
89 4
564
66*4
984
1184
724 734
25 4 26 4
874 884
It
•51
35
514
160
48
13
86
118
15
377s
79
115
13
34
364
§93 4 93 4
*159
162
45
46
»6
♦
264
27
85
52
88
63 4
79*4
404 424
*70
80
54
*
140
414
41*4
72
*6
64
79*4
7
55
139 4142
41
41*4
•70
75
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*45
47 4
.
37*4
54
37
82
18
45
22
55
47*4
104^ 104*4
74 4 75
37 Hi 39*8
100 4 10214
31 *4 31*4
294 30
25
45
46*4 47 4
103*4 105
76
76
37 4 38*4
100 4 1014
324 34 4
294 30
105
105
68
69
15
18
46
46
464 47
103 4 1034
73 4 74
354 374
98
1004
304
31
105
17
18
*45
47
18
63
474
102*4 103 4
734 744
36 4 37 7a
99 4100*4
304 32 4
*15
45
464
54
374
82
110
81
20
48
46 4
1024103
*73
76
36% 37 4
994100*8
304 31
29
294
10441044
Do
pref.
Amer Beet Sugar
Banks
Bid
Ask
WaalnH’htal
WeatSldelj..
Yorkyillelf..
225
600
400
425
BROOKLYN
Borough^.... 175
Broad wayU.. 450
Brooklyn^
..
140
15o
Banks
Rid
Ask
325
400
165
225
95
23
Mar 5
so
Mar 14
7 4 Feb29
55
Feb28
Marl 4
Feb
4Jan
8
20,
'i
Jan 21
Mar 14 454 Jan 14
1,600 &97% Marls 103 Jan 12
At ai 14
33 % Febl*
2,100 28
(tentral Leather
197h
8,605
824
6,925
Do pref
70i. Distillers Seourit’s Corn.
Federal Mining A Smelt’g
146
Do pref
87
146t General Electric
134
Granby Cons M S A P....
16
76%
30,055
200
International
Paper
Do pref
29
79
68
Power.....
Internet Steam Pump....
Do pref
Msckay Companies.
Do pref
684
414
72
7
60
37
80
100
79 4
154 19
45
47
•464 47 4
101
1024
73
73
35%
37
98% 100
31
29
National
Biscuit
Do pref
200
804
151
165
Rid
215
..
Central Tr’st
Colonial
400
Columbia.... 240
Commercial. 220
Common w’th
330
Empire
Equitable Tr 425
Farm Lo A Trj 1275
2/260
745
4,990
8,520
1,620
9,250
Mail C. (Chic.)
Pacific
eop. Gas-LA
200
650
Pittsburgh Coal Co
Do
pref
Pressed Steel Car
Do pref
Pullman Company..
1> ail way Steel Spring...
IV Do pref.
Republic Iron A Steel...
Do
pref
Slosa-Shelfield St. <& Itol
Do pref
Tenn. Coal, Iron A RR...
dTennessee Cop.Pttr $25
Texas Pacific Land Trust
Union Bag A Paper
16,555
965
2,396
6,100
400
13,690
9,120
U,175
2,75<*
1
l,7ou
100
20U
400
Do pref
(J. S. Cast I. Pipe A Foun.
7,026
775
Do pref
100
United States Express...
U S Realty <& Improve’nt
3.200
(J S Reduction A Refin’g
2.200
Do
1,‘JOii
pref
United States Rubber....
3,1980
Do
1st pref
2,8<\o
2d pref
Do
1,43
United States Steel
588,160
Do pref
108,420
dUtah Copper....Par$10
6,780
Virginla-Uarolina Chern..
Do pref
104
624 Virginia Iron Coal A O..
300
300
Nat Enamelingt&Stamp’g
Do
pref
National Lead
Do pref
New York Air Brake
North American Co., new
\lfell8
Fargo A Co
"r 681’ii Union Tele’gph
West’gh’seEl <&M f g aasen
Do
Ask
Trust Co’s
Bid
Ask
550
Fulton
300’’
510
Guaranty Tr 480
230
105
Guardian Tr 240
Hudson
95
Knick ’rb’k’r 1250
Law T I «fcTr
Lincoln Tr... 390
Manhattan.. 470
Mercantile..
Metropolitan 550
MortonTrust 726
Mutual
120
824 Oct
894 Jan
1*,2*4*5
1,044
41
Mario
MarlS
81
Mar 15
71
Jan
7
Jan 24
Marl4 864 Jan 16
Mar 20 117% Mar 5
« Mar 14
154 Jan 5
■s Mar 14
87
Feb 15
Mar 14
764 Jan 7
MarlS 103
Jan 5
MarlS 1414 Jan 7
4 Mar 14
89:,4 Jan 4
-j Mar 14
414 Jan 6
Mari 4 98 <4 Jan 4
Marls
164 Jan 15
Mario
004 Jan 4
57
Jan lo
Max
14
*
Maxi 4 994 Jan 24
Marl4 1814 Jan 8
Max 14 57 4 Jan lo
Mar 2 2 994 Feb 15
Marl 4 41
Jan 7
?
«i
32*4 J’ly 47 4 Jan
Jan
9*4 J’ly 105
44 4 Jan
28
Mh)
90
Dei
95
Jan
Apr 272 Aug
74 Maj li*, Jatt
2i5
5 4 Nov
24
Nov
10
43
354 Jan
16*4 Dec
944 Sep
Jan
Jan
294 Jan
Dec
5378 Jan
53*4 May 78 4 Jan
1084 Dec 1204 Jan
35
92 4 Dec 1014 Jan
Jan
138 4 May 174
112
2u0
100
Jan
Jan
Jan
Dec 130
220
Dec 107
J’ly
154 Jan
9*4 Nox
40
May 534 Jan
Jan
127 4 May 157
Jan
1x8 4 Dec 140
130
J’ly 1444 Jan
96
28
101
109
48
J’ly
Nov
Jan
Jau
J’ly 1104 Jan
223 4 May 300
105 4 Nov 178
Feb
Jan
134 J’iJ 21*4 Apr
Apr 70 May
33*4 Dec 494 Jan
98*4 Dec 1074 Jan
404 May 834 Jan
17
May 3i»4 Nov
1304 Apr 181*4 Jan
40
J’ly
28
May
85*4 Apr
Apr
74 4 Sep
Jau
Jau 199 Jan
J’ly 112% Jan
Dec 184
Oct
rg Marl5 $53 4 Mar 1
Jan 17
84 Jan 15
61
Jau 7
494 Jan 5
89
Jan 15
85
}117 Jan
904 Jan
26‘4 Jau
16 4 Sep
80
Dei
48
28
79
90
Jan
Jan
Sep £95
60
Jan
92
Jan
May
May
62
May 7*9*4 Deo
1134 J»n 1184 Oct
12
May 184 Jan
88 4 Mar
82
Sep
66
May- 95;4 Jan
1004 J’**** 1064 Jan
133
J’ly 163*4 Jan
«7 4 Nov 107
Jan
28*4 J’ne 614 Jan
J’ly 103 Jan
134 May 18 4 Nov
88
62 4 Jan
May 64*8 Jan
Feb
May 105
Dee 270
Nov
May 62*4 Jan
97*4 J’ly 107 Jan
60
43
95
180
44
J’ly
41*4 Dan
224 May
91
MarlS 100
Jau 7
68 4
Mar 14 774 Jan 7
Mar 5 107
Jan 11 1014
Mar 15 162
Jan 4 129
Marx 5
Mar 14
Mar 15
.Mar 6
Jan 31
MariO
Jan
Feb 13
Jan '<
Feb 11
Jan 15
Jan 14
764 Jan 24
Mar 2 2
Mar 14
J’ly
*60
May 1104 Jan
J ’iy 97 4 Jan
Oct 113
Apr
Jan *166 Nov
*8*8*'
May
Oct
154 Jan
5 4 8ep
52
Oct
43 4 May
»3 4 Dec
84
Jan
53
Jan
96 4 Jan
9 109
May 1384 Jan
4
Aug
5
14
iO
8
94 4 Jan
Mar
Mai
40*8 J’ns
84
J'n<
Jan 7
52 4 Feb 16
J’ly 59 4 Oct
•a Marlxll&
Jan
4 Marl.. 1094 Jan
7 xl04?t J ’ly
(.MarlS 78%Jan 7 75 May x87 Hr Jan
Max 14 60*8Jan 7
32*8 J’ly 60 4 Oct
-a Max 14 1074 Jan
7 984 J’ly 1134 Jan
Mar 14 $39 4 Mar 4
-i Mario
31*'J*’*ly 58 Jan
39^ Jau 7
Jan 9 104
J’ly 1174 Jan
q Mar22 108
38 May 93 Deo
MarW 97
Jan 22
Oct
Mar 5 J290 Jan 26 233
Mar 305
Jan 10 £834 Dec 94 4 Jan
4 Mar 6 85
MarlS 154
Jan 2 148
Aug 176 Jan
i 162 Nov 188 Jan
’b Marir
30 4
Jan 28
68
QUOTATIONS
550
450
160
145
340
440
1300
1.020
1,100
1st pref
Fifth Ave Tr
2100
410
250
5,360
a
Mar 16
J’ne *300 Aug
J’ly 27% Jau
67
Jau
Sep
J’ly 11S4 Feb
Jan
Jau
Marl4 88
Marl4 7s
Mar22 163
4
29 4 Feb
Jan
33
Jan
64
34
10 j
204 Mav 35
184
24*, Jan 22
Jan 28 74 4
51
65
Feb 13
144
Jan 16 138
91
80
Mar 16 97
Jan 14
:1364 -Via. 14 103 Jan2z '£156
5f8
2,200
1,900
3,640
J’ly
534 Feb
214 Keb
484 Feb
l>r.
20
90
I84 Marl4
78
1,000
6,642
1,300 5127 MarlS 162
1,570 134 MarlS 184
500 764 Mar ^2 81
Mar 14 604
600
454 International
Bankers’ Tr. 500
Carnegie*.
25% Jau
Feliii
Bowl’gGreen 440
Broad wayTr. 150
175
Mario
Mar2(>
Marl4
yjy*20
N. Y. CITY
BROOKLYN
First..
390
Home Bankl 160
Manufaotrs’. 390
Mechanical]. 320
Nassau
250
Nat City
305
North Sidel]. 360
ProspectPk^j 150
Terminal....! 140
Union 11
Trust Cos.
20
90 Hi
i'.ooo 14 Hi
100 75
715
5 <4
1,210 49
16,305 r32 %
..
BANKS AND TRUST COMPANIES—BROKERS’
Union Exchi! 245
255
U S Excha’eij 1224 1324
2,007
88
Mar 13 90
J an 21
Do Dref
88 4
"*120 3205 Mar 11 247 Jan 5
220
American Express
5 % Mar 13
1,350
American Grass Twine
84 Jan 11
6
400
4 % Mar 5
6‘* Jan 16
5
Amer Hide* Leather....
40o 20
Mar 13 30 4 Jan 7
23
De pref
?8
American Ice Securities.
3,810 76 Mar21 88 Jan 2
3,5
12 4 Marl4 194 Jan lo
14
American Linseed
27 4 Mat 9 36
Jan 7
32
Do pref
584 Marl4 7534 Feb IS
614 American Locomotive...
600
Lo5
106
Do pro!.
4 Mar 15 1114 Jan 21
Amer. Man Cory
10
33
Do pro*
304 Marl5 40 *
92
Amer Smelters Sec pref B
91*4 Feb 27 934Jan 7
Marl4 rl65 Jan 7
123
Amer. Smelt’g A Refin’g. 325,835 110
105
Mar 14 117%.Tan 7
10,060
Do pref
106*4
1974
Jen
li 205 Jan 18
240
American Snuff
99
Marl 2 99 Marl2
Do pref
10O
7 4 Mar li
8
American Steel FoundrV
1,010
104 Jan 5
38
Do pref
1,110 34 Marl4 474Jan 7
20,140 LI 44 Mar 14 137 4 Feb 13
122
American Sugar Refining
300 122
Mar 5 131
Jan 2
126
Do pref
100 L19
Mar20 133
Jan 4
121
Amer. Teleph. A Teleg...
Mar 14 984 Jan 5
6,262 90
HI
Amer. Tobao. (new), pref.
29
3,205 24 4 MarlS 364 Jan 7
American Woolen
040 95
Mar 14 102 4 Jan 5
Do pref
964
64% —naconda Cop..Par $J5 125,045 53 Mai 14 3024 Feb 16
108
100
Mar 19 1214 Feb 14
116
itrooklyn Union Gas
100 UMar 15 144 Jan 4
13
inrunsw. Dook A C.Imp’t
41
Mar 8 49% Jan 3
49
Buttenok Co
13*620 26 Mar 14 40 Feb 16
30*,
Marl4 102
i Do
Feb 8
95
2,30i‘ 90
pref
Mar 14 574 Jan 8
36% Colorado Fuel A Iron.... 40,500 20
20
Mar
5
28
Jan 7
•2,470
*244
12D
7,478 Llo Marl 6 1404 Mar 1
*53
36
80
100
79
,
pref
pref
5 4 American Can
52
Do pref
36% American Car A Foundry
Do
9.*4
pref
29% American Cotton Oil
39 4
72
30
28
Do
52SO Mnrl4 5205 Feb 14 §240
Marl4
1,550 lo
16% Jan S 16
40
1,75»' 23
Mar: 4 43%Jau 3
80
4
Mar:
057,012
121%Jan 5
924
Do
i.39 41*40
29
29
284 294
104 41044 104*4 104*4
102%
68
68
68
*65
69
64
68
64
624
*225
*225
300
*230
300
*225
*230
300
300
•230
300
80
804 814
81*8 81*8
814 81*4 £79*4 794
804 804
150
150
*147
160
1494150
149*4 149*4 150
*147
*147
160
*150
166
*147
165
|105
95
•6
36
37*4
354 37
35*8 364
81
•78 4 82
82
82
•80
844
81*4
*100
*100
110
•100
•100
110
109
*100
110
82 4 82 4
79
84 4 85 7g
804 82 4
834 84
36*4
30 4
93 4 AmalgamatedCopper
21
Amer Ajiricult Chemical.
•
134
Adams
Express
Uis-Clialiuers
127*.
77 4 78
76
79
784 79
*1U%115
11141114 •112 116
12
•12
13
13
124 124
*81
844 •HO*, 84 4 *80 4 84 4
67
60
58
59
574 59
♦99
100
i90% 99%
994
121
121
119
131*, }l2x»
120
73 4 734
73
74 4
'*4. 74%
26
27
2»>% 26%
264 *25
89
8o4 884
884 89
894
*13
14
134 134 •12-* 134
*51
55
53
*50
614 5*4
34
35
36
35 4 364
35
92
§92
92
92
93
*914
161
162
162
1614 161*« 160
45 4 46
41
454 454 £44
92
•84
96
*934 95
yJ4
26
27
26% 26 4
264 274
83
84
85
844 86
844
54
51
524 53
524 64 4
102
43 4
300
Highest
Dec 122 4 Jan
Oct §15«> Get
May l’-«5% sep
Max 99 4 Jan
Apr 98 Jan
Apr 93 4 Jan
Dec
26 4 Jan
490
850
N Y LifedbTr
NewYorkTr
Standard Tr’t
TitleGu A Tr
Tr Co of Am.
Union Trust
U 8 Mt g A Tr
Unit States
Vaa N’denTr
590
Washington.
275
395
Windsor
130
Rid
Trust Co’s
Mut. Alliance 200
Ask
210
1000
725
740
_
.
426
560
790
775
1250 1275
470 490
1240 1270
310
»•••*•
m
215
Trust Co’s
Bid
Ask
BROOKLYN
Brooklyn Tr 440
460
150
260
160
310
Hamilton.... 225
320
346
175
Citlscns’
Flatbush.
160
Home
Jenkins
200
Kings Co.... 450
L IalLATr. 310
260
Nassau
People’s
WUfiamsb’r.
325
270
3164
220
t Bid and asked prices; no sales on this day. § Less than 100 shares, tEx-righta. bNew stock, c Ex-aivuiena ana ngnts. arx ow quoteu uuuurs pu uih
"Rale at Stock Kxolutnge or at auction this week
0 Ex stock dividend,
s Trust Co. certificates.
11 Banks marked with a paragrapn (1) are State banks.
1
r'<
Exchange—Bond Record, Friday, Weekly and Yearly
New York Stock
OCCUPYING
FOUR
PAGES
•0
BONDS
Price
Week’s
N. Y. STOCK EXCHANGE
W kick End ran March 22
tYiday
Range or
March 22
Last bale
BONDS
Range
I*3
N. Y. STOCK EXCHANGE
Wkex Ending March 22
Since
January 1
^ *
Jnt’st Period
1
LI. &. Government
U 8 2s oouaol registered.£11930
U S 2a consol coupon....dl930
U S 3s registered
/cl91b
U 8 3e coupon
fcl91b
U SSsregamaU bonds..tel91S
U S 3s cou smaU bonds..£1918
U B 4s registered
hi 907
U S 48 coupon
hl907
U B4s registered
1925
U S 4s coupon
1925
US Pan Can 10-30 yr 2s.fci93n
Bid
Ask
105
105 4
105 4 106 4
<4-J 103 4 104
U-F
103 4 104
Q-F
Q-J
Q-F
102
4
10034
1U134
1304
130 4
1043^
1094
0.1?
»>.J
0- J
Q-F
Q-F
Q N
w
Philippine islands 48.1914-34 1".
Pub wk< and Intip reir 4s 1935
r
r
101
102
131
131
10534
....
103 4 Ang’OO
103 4 Mar’07
107
J’ne’0‘2
....
104=4 Oct ’Of,
....
10o°8Mar’«»7
10l78
1014
1294 Feb’07
129-4 Feb’07
105 4 Oct ’00
111
May’06
102^ 10334
10’i 4
100=5
....
30 1U078 1017fc
129
129 4
....
....
129**1294
....
......
......
Pub wks and imp reg...1930 Q-F
;
Foreign Government
Japanese Govt 6s sterl’g.1911
2d series Os
1911
£ loan 4 4« ctis full pd. 1926
2d senes 4 4s ctfs full paid.
£ loan 4s ctfs full paid..1931
Sale
98 7a
99
87 34
88
362
99C 290
287
89
884 i 29
®e Sale
804
81
99Sale
9i> 4 Sale
A-O X
?
A-O
F-A
J-J
J-J
M-S
t
88-4 kale
}
89
80
i
* 99
101
Repub of Cuba 5s exten debt..
97*4 99
U » of Mexico s f g Os of 1899 Q-J
92 4 Sale
Gold 4s of 1904
1954 J-D
hese
State Securities
AlAbaina curr fund 4s. ...1920 J-J
Dist of Columbia 3'65s
1924 F-A
Louisiana new consol 4s..1914 J-J
North Carolina consol 4s.1910
.
High No Low High
1063b 105 *4
105^ Feb’07
106
100 4 Mar’07
100*4
Low
J-j
a re
102
100
1004
191*. A-O
6s
Bo Carolina 44s 20-40
1933 J-J
Tenn new settlement 3s..1913 J-J
Virginia fund dent 2-3s...l99i J-J
6s deferred Brown Bros ctfs.
90
923*
Sale
24
Mar’02
J’ne’OO
Dec’04
Feb’07
Mar’07
120
Mar’OI
90
96
9o34 Jan ’07
Mar’07
20
99
34
93 4 10
n the 0 %-tis
111
117 4
1054
101
126
S73*
SO
1004
Mar’07
0
9934
9934
9435
927e
85*4
10334
99
94
to £.
88
101
99
99
pr ices
963*
967e
99
963a
9234
0/ $5
....
874
99=8 Sale
AtChTde S Fe—Gen g 4s. 1995 A-O
J.995 A-O
Registered
Adjustment g 48
hl99f> Nov
i
\
■
'
Bruns* Wistgug4s
i
..1938
L * N coll g 4s
01952
8U Sp Oca *Ggug4s ..1918
;
’
'
Sav F«fc W 1st gold 6s.. 1934
1st gold 5s
1934
Ala Mid 1st gu gold 5s ..1928
......
M-N
J-D
F-A
F-A
F-A
F-A
F-A
rvi-s
92
Sale
98 4 Sale
M-S
J-J
A-O
A-O
933* Sale
98*4
m
9L4
127
114*4
M-N
j-j
M-N
J-J
Atlantic * Danv See South Ry
Austin & N W See Sou Pacific
T)alt & Ohio prior 1 g3 4a. 1925 J-J
iJ Registered
hl925 Q-J
Gold 4s
hi948 A-O
Sale
92 4
1004 Sale
hl925
5s..1919
90
Q-J
974
99
100 4
96 '
98 4
94
95 3*
92
100
Feb’07
....
4
no
Registered
92 *8
9 L
93 4 108 4
96
96
J-D
29
OS’s
47
89 4
91*4
+
9336
2
89
11
53
94
89
Apr’00
903*
7
Registered..
1908
J-J
1U0*8
1023* 102 4
100 4 Sale
1913 M-S
1913
M-S
103
1003*
Carb & Shawn See III Cent
Carolina Cent See Scab Air L
Cartilage & Ad bee N Y C & II
Ced Rial'* N bee B C R & X
Cen Brancn Ry bee Mo Pao
Ceut of Ga RR 1st g 5s..pl945 F-A *110
Consol gold 6s
1945 M-N
Nov’04
Registered
1st oref income g
1945
5s....pl945
Stamped
2u
prei income g
M-N
Oct
5s....pl945
Oct
5s....pl945
Oct
75
74
60
63
Stamped
3d
prei income g
.
.
.
1 164 1184
102
1034
.
U8 ’4 123 4
....
Stamped
102 4
Nov’OO
>
....
Inter-Met coll 4 4s
1956 A-O
Intemat Trac coll tr 4*..1949
Loms Ry Co Tat con g os,.1930 J-J
Manila SLec let 4 ooll 5s. 1953 M-S
I-Jj
l
72
70
..
*No prioe Friday; latest prioe thna week.
893,
* 85 4
10
....
.
..
.
....
85 4
89
90
90
734
7578
73
63 4
62 7e
73
Registered
1.164 i‘u**4
i25*4
106
Mar’98
May’06
itDueApr
109
107
J
J
J
12
•95 7h
109
111
110
106*2
key ’06
103
101
Oct ’06
90
4
191o
1912
1915
*94•‘*8
*13*8
1910
1917
1918
*90*2
Sale
......
*91
*90
Sale
90
7 0 *2 Sale
85*-j
117:*8 1.19
Jau’07
107*2
Feb’07
*9*2 4
i‘12‘4 i*13 4
13 110
1114
106s* 1963*
1*0*84 108*4
10 102 4 103
104
1054
104
104
1074 I10s«
1067# 1064
1104 1114
U978 121
Feb’07
102
104
964 08
95
95
102
104
95 7p
95
Feb’07
Oct ’06
111
114 *2 Feb’06
101
107
101
107
1134 1143*
1023b 1024
12*2*4 i *2*234
liO
99 4
5
116:*h 1163*
s*2
116 4 116 4
99
100 4
99 4 994
43'
90
9134
904
904
9u3*
90 4
..J
90
1: 90
71*2 148 69
Dec’051
86*4 42 i 80
Jau ’07
,
1004 1014
Mar’o?
9934 Feb 07
90*4
’.'1
*97
J’ly’04
92 *2 Nov’OO
90*4 Jan ’07
93
May'04
9U34 Feb’07
117
106 4
107
Nov ’00
107*2
85
il‘34
Apr’00
104
90
69
79
i 1*7*4
90 *4
103
1053b Feb’07
99
116*2
i 1*3*4
103
101
,
116*2 Mar'07
99*4
102*2 103*4
I087s 109
126
Ul78 lll7b
137*2J’ly’99
108*4 Feb’07
106
Aug’U4
182 *2 Apr’06
116
iuu’*2
125
Jau’07
105*2
108*4 Jan '04
105*2
114*2 114*2 Feb’o?
Feb’06
114*2 117
105*4 Deo’U5
101
102;*b Feb’07
102 '2 Dec’06
102
122*2 Feb’07
116 *2 Oct ’06
114
142*2 Feb ’02
128*2 Feb’OO
109
UK)
Sep ’03
Sale
102*4
i o*u
I007s 1017s
107
116
92*2
100
Oct ’00
110*2
ill
1063* Feb ’07
95’e
76*8
100*2
uct ’00
92*2 Mar’07
115*4 Get ’05
113
Feb’07
l' O’b
111 *2
so
68*2
10l«b 192
120*2 120*2 Feb’07
102
Jan’07
‘*99*4 104 Feb’07
2002
.
90
77
913s
..J
117
21
105
10834
82
85
1104113
117
117*2 1204 Mar’03
Ill
Nov’051.
1934
Registered
1003*
Jan 05
Mar’07
Feb’o7
Dec’00
J’ly’OO
Mar’07
Ill’s Jan ’07
111
77
90*2
125
108
93*2
Sep ’00
116*2 Mar’07
118*2 Feb’uO
113*2 Feb’07
105 *a
103
101
104 *2
92*2
99
102*2 102 *u
.
CRIF.* N W lstgu 53.1921
M & St L 1st gu g 7s.. 1927
05
l.
60
BON l>S—Continued
105
107
84
318 804 923b
1034 Feb’07
1U23* 103 4
Oct ’06
100
108
102 4 20 100
102
Feb’OO
110
87
89
87
Feb’07
85 4
854 884
854
Mar’07
85
81
81
10334 Nov’()6
104
Deo’00
J’ne’OO
96
934 Oct ’00
91
93
924 Jain ’07
79
730
74
82
764
7934 Sop ’06
..
Coll trust gold 5s
1913
Bur Ced R* NorthernCon 1st * col tr g 5s... 1931
Apr’06
on
Next Paae.
Street Railway
Met St Ry gen col tr g 5s. 199
Ref g 4s
2002
8‘J
aDueJan
iio” i*l234*
1988
1934
52;!
M ay’051
Mar’i/7
Mar’07
101
Chic It I * Pac Rli 4s..2002
15 110
116
12 107 4111
116
no
1064 Mar’07
109
98
*91**8 ’*9*2*'
1917
1988
Registered
General gold 4s
Registered
Refunding g 4s
Street
,
101
1*1534
98** 1*0*04
**3jl
lun
Mur u7
7o
101*4
1921
1933
1933
Ooijuio
Feb’05
Feb’00
1U0
Registered
Sinking fund deb 5s
Registered
Coll trust Senesll 4s
J 4a
M •* a
lttbsCEIiliAiN’EOlJS
Railway
Brooklyn Rap Tr g 5s
1945 A-O 10*3
83
Sale
1st refund conv g 4s....2002 J-J
BkCity 1st con 5s.1916.1941 J-J
BkQCJOtfe Scon gug 58.1941 M-N
; Bklyn On El 1st g 4-58.1950 F-A 1014102
1
Stamped truar 4-5s
1950 F-A
Kings Co El 1st g 4s....1949 F-A
85
Stamped guar 4s
1949 F-A
84
Nassau Elec gu g 4s ....1961 J-J
81
Conn Ry& List* ref g 4 4a’51 J-J
102
Stamped guar 4 4s
1951 J-J
Den Con Tr Co 1st g 6s...1933 A-0
90
Det United 1st con g 4 48.1932 J-J
90
Havana Elec consol g 5s. 1952 F-A
103*2
101
Ext* Imp sfund g5s 1929 FAshland Div 1st g 6s.. 1925 MMicli Div 1st g 6s
JIncomes
1911 M
Chic Rock Isl* Pac 6s...1917
38 100
1014
6 102*4 105 4
1014
89
Feb’07
734 Jan ’07
73
Feb'07
634 Jan’07
624 Feb’07
125
North Illinois 1st 5s....1910
Ott C F * St Paul 1st 5s 1909
Winona* St Pet 2d 7s..1907
MU L S * West 1st g 6s 19211
94=8 96=8
92
89 7e
105
107
113*2116
Feb ’00;
98
92 K
92*2
1909
1921
89*2
May'Ob
1909
1924!
....
104
112
98
106*4 Nov’U6
107*2 J’ne’U6
191
101
Debenture 5s
99 34 100*2
101
99
103
107
1017B Mar’07
116
1879-1929
Registered..
1
13
89*2 Feb 0 7
132
1987
N 4a
O 43
P 4s
116
1084 iu7 4
113
85 4
84 4 87
93
lOl3*
1886-1926
Debenture 5s
94
High
123*4 125*2
110*2 111
102*4
102*4
10876 Jan ’07
*104
Sinking fund 5s... 1879-1929
Registered
1879-1929
94
loo
100
9J
100
«1987
Sinking fund 6s...1879-1929
Registered
100
104*1, 113*4
100
99a4
78 4 77
09
Sale
80 *s
99 *2
90 *2
90
103
Registered
11234 113=8
Feb’07
100*2 100^4 100*2
110*4
100 *2
] 01 \
100*2
101 *4
el989
Registered
General gold 348
10578 105*8
....
1134
1134
116
May’OO
113
4Noy’U6
1114
119 4 Mar’04
94
Mar’07
90
96
111
100
1947
Wis* Minn Divg5s....1921
MU & No 1st M L 0s....1910
1st consol Os
1913
Chic* Northwcons7s.... 1915
1886-1926
Extension 4s
Law
105*4 108
2U 123*2 126 *4
105*4 Feb’07
125
123*4 Mar’07
123 4
90
SoutliwestDiv Ist6s....l909 J
J’ne’06
9934
1004 118 99 4 10238
100
1014
LOO3* Mar’07
ee^Feb’O?
-4
98
General g 34a aeries B.el989
Chic & L Su Div g 5s....1921 J
AV Afn Piv Hitt r>a
Pliin.
Chic*
Mo Riv Dfv 5s... 1920 JChic & Pac Div 6s
1910 J Chic* P W 1stg5s
1921 J
Dak & Gt So g 5s
1910 J
Far & Sou assu g 0s
1924 Jllast* D Div 1st 7s
1910 J
1st 5s
1910 J
I* D Exten 1st7s
19.08 J
LaCrosse* D 1st 5s....l9l9 J
Mineral PointDiv5s"....1910 J
So Minn Div 1st 0s
1'910 J
9S7e
88
....
923<
115 4 1164 Mar’07
1U3 4 Feb’07
103
Apr’97
1203* 124 Apr’06
124 ‘ life3* Mar’07
100
Buffalo & Southwest See Erie
Butt * Susq 1st ref g 4s.dl951 J-J
Bur C R * N See C R I & P
Clanada
;2d 6s South 1st 6s
69
Louisv N A & Ch 1st 0s. 1910
Chic MU & St P term g 5s 1914
General g 4s series A..<?1989
Jan’06
100
.
1922
98
933,
♦
1937
Ry 1st 5s.1930
Registered
No
101
104
107
Feb’ul
113 4 113 *2
114*8
116
J’ne'U6
10i*4
loo-* sale 100
Chicago & Erie bee Erie
Clue In* Louisv ref 0s...1047
See Long i
6s
1927
High
Sale
General consol 1st 5s....1937
Bruns* West AVe Atl Coast L
Consol 1st g
Registered
Refunding gold 5s
95
109
112 4
Pitts* West 1st g4s...1917 J-J
Btat Isl Ry 1st gu g 4 4s 1943 J-D
Bat Creek * S See Mich Cent
Beech Creek See NYC&H
Bellev* Car See HlinoisCeni
Buffalo NY* Erie See Erie
Buffalo R & P gen g 5s...1937 M-S
,
All * West 1st g 4s gu..1998 A-O
Cl & Mali 1st gu g5s
19-13 J-J
Rocli * Pitts 1st g Os...1921 F-A
1919
Chic & IndC
106
869
90
104
107
Southwestern Div4s.... 1921
Joint bonds -See Great North
1913
Debenture 5s
Han * StJosoousol Os..1911
Chic* E Ill ref & impg 4s 1955
1st a f cur Os
1907
1st consol g 6s
1934
Aug’00
914
95
99
191
10134
90 4 9276
Feb’07
Nor’01
Nov'06
934
132 78
91
102 4
Jan ’00
1057e Feb’07
F-A
M-S
A-O
J-D
Cen Ohio R 1st cg44s.. 1930
Cl Lor * W oon 1st g 5s 1933
Ohio River RR 1st g 68.1930
General gold 5s
1937 A-O
Pitts Clev & Tol 1st g Os 1922 A-O
Bklyn * Montauk
Jan’07
92
Sep ’05
2*71
120
uot ’01
89
89
Sale
94 4
95 4 94
Sale
893*
90 4
Oct ’06
903e 89
89
PLE&WVaSysref 4sl941 M-N
Southw Dlv lBt g 3 4s... 1925 J-J
Registered
101
92
95
92
89
....
Pitts J uno 1st gold 6s... 1922 J -J
P Jun * M Div l8tgS4al925 M-N
Monou Rlv 1st gu g
100ftd
99*8
112°» Jan ’04
11 4°b Not’05
994 Mar’06
Mar’07
87 4 88
9S
963* Dec’06
92
hl948 Q-J
Registered
.......
Sale
92
Mar’07
89
10*2 4
Sale
100
99
sale
Q-F
1949
Sinking fund 4s
Since
January 1
M-S
Nebraska Extension 4s. 1927
#««PenuBi.
Alleg <fe West See Butt R & P
Ann Arbor 1st g 4s
hi 995 Q-J
•
Q. J
Gold 4a
1949
Iowa Div sink fund 5a. .1919
22
See Del & Run
hl995
i.25 * SalJ
1949
Illinois Div 3*28
90
Allegheny Valley
Stamped
hl995
Conv g 4s
1955
Debentures 4s Series F.1908
Series G
1909
Senes H
1910
Senes 1
1911
1
Series K
1913
East Okla Dlv 1st g 4s.. 1928
All Knox <& N See L <fe N
Atlantic Coast 1st g 4s.hlP52
Charles & Sav 1st g 7s.. 1930
109
gold 4 4a
1992
Registered
1992
Craig Valley 1st g 5a....1940
R & A Div 1st con g 4s.. 1989
2d consol g4a
1989
Warm Spr Vai 1st g 5a..1941
Greenbrier Ry lstgugis ’40
Clue * Alt RR ref g 3a...1949
Railway 1st lien 34a.-.1950
Registered
I960
Chic Burl* Q— DenvI)4s 1922
9534
laba Midi
beeCoast
Alabama
Cent
See At
So ByLine
Registered
J-J
j-j
Q-M
Range
93
J’ne 00
115 Hi Dec ’05
115
Nov’05
115 Hi Autr’05
VI-N
J-J
J-J
J-J
M-N
Week’s
Range or
Last bale
Ask Low
Sid
90
1939
Registered
Railrond
Albany & Susa
J-D
J-J
General
Registered
95
9 5 *4
20
....
hi 987
Registered
Am Dock & Imp gu 5a..1921
Le & Hud R gen gng5a 1920
Leh & Wilks B Coal 5a.. 1912
Con ext guar 4 4a....01910
NY* Long Br gen g 4s 1941
See So Pacific Co
Cent Pacific
CentVennont 1st gu 94a.el920
Clias & Sav bee At l Coast Line
dies & Ohio g 0s ser A..hl908
Gold 6a
al911
1st consol g 5s
1939
126
126
O
Cent of GaRIWCon.J
Chatt Div pur mou g 48.1931
Mac & Nor Div 1st g 58.1940
Mid Ga * Atl Div 5s....1947
Mobile Dlv 1st g 5a
1940
Cen R R & B of Ga col g oa 1937
Cent of N J geu’i gold 5s. 1987
Price
Friday
March 22
BwayA 7th Avlstcgos 1943
Col ife 9th Av lstgu g 58.1993
Lex Avcfe P Flstgug5s 1993
Third A ve R R con gu 4s 2000
Third Ave Ry 1st g 5s..1937
Met WS El (Clue) 1st g 4s. 1938
MU El Ry & L 30-yr g 5s. 1926
Minn St Ry 1st con g 5s..1919
N Orl Ry & Lt gen 44s ..1935
St Jon Ry LtH & P lstg 58’37
St Paul City Cab con g 5s. 1937
.
Underground cf Lon 5s... 1908
RRs
mted El
San 1st
Frs
g f5s..
4s. 1927
1945
gnion
(Chic)
United Rys St L 1st g 4s. 1934
W Cliic St 40-yr con ir 5s. 1936
eDueMay pDuoJ’ne hD ue J’ly
Mar'07
104 4 105
82
82-4
Sale
111
1114 Feb’07
Feb
'07
113
1134
*109
1134 Dec’oO
80 4
864
864 Sale
112 4
112 4
113
93 4 .riy’OO
109
J’ly.’Oi
107 4 Feb’06
82
108
109
904
80
saio
80
63
85
gDuoAug oDue Uct
1134H34
8*6** *8*9**
11241144
904 Hep ’00
1034 Oct ’0*5
1104 Nov \h.
80
1(H)
85
Jan '07
78 4 Mar’07
Mai’07
85
Dec ’97
99
115
SO
oi)
78 4
85
94
100
834
85
pDueNov sOptionSato
Mar. 23
BONDS
ii
N. Y. STOCK EXCHANGE
Wkkk Ending March 22
March 22
Consol gold 5s
1952
Keok dfc DesM 1st 5s
1928
Clue StL&NO See Ill Cent
Chic St 1. dfc Pitts See Penn C<
Clue St P M dfc O con Us. ..1930
Cons 6a reduced to 3 4s.l93<
Cli St P dfc Minn 1st g Us 191s
Nor Wisconsin 1st Us...1930
St P dfc S City 1st g Us...1919
Chicago Ter Trans g 4s...1947
M-N
A-O
93
J-D
1314
1294
1203j 1204
ME
125*4
J-J
A-0
J-J
111
97 4
99 4
994 Jan ’07
97
Mar’07
‘Wm"
974
97
/cl93U
Registered
Cm S & Cl con I8tg5a..l92i'
,
gold 6s. 1934
1934
lnd Bl dfc W 1st pret 4s. 1940
O lnd dfc W 1st p£ 5s...«tl93b
Peo dfc East 1st con 4s... 1940
Term dfc
improve4s....1923
Warren 1st ref gu g 3 4s.2000
Del dfc Hud 1st Pa Div 7s.1917
1917
Registered
191U
10-yrconv deb 4s
M-E
6s.1939
4s....1940
Rio Gr Juno 1st gu g
Rio gr 80 1st gold
Guaranteed
1940
Rio Gr West lBt g 4s.... 1939
Mge and col trust 4sA.1949
Utah Cent lstgug 4s al917
Des M01 & Ft D See M dfc St i.
Des Moi Un Ry 1st g 53..1917
Detdfc Mack 1st lieu g 4s. 1995
Gold 4s
1995
Detroit Southern—
Ohio Sou Div 1st g 4s...1941
Dul dfc Iron Range 1st 5s.. 1937
2d Us
Dul Short Line
Dul So Shore &
See Nor
Atl
g
97
98
90
Salt
Sale
13334
Mar’07
69
68
67
89 n8
904
b’07
95
Feb
30
32
95
67
7234
67
80 4
95
744
92 4
8U:,4
y3
90
94
89
85
76
Dec’05
J-J
109
111
94 4
gold 4s ...195;
Registered
195;
Cairo Bridge void 4s
1959
IiouisvDiv&Term g3 4s. 1953
Middle Divreg58
1921
Omaha Div 1st g 3s
1951
St Louis Div dfc term g 3s. 1951
Registered
1951
Gold 3 4s
1951
1951
Registered,
Spring Div 1st g 34s...1951
Western Lines 1st g 4s..1951
Bellev dfc Car 1st Us
1923
Carb dfc Shaw 1st g 4s. ..1932
Chic St L dfc N O g
974
93*4
102 4102 4
1044 105 4
Oct ’06
86
1114 Jan’07
112 4 Feb’OU
92
92 4
92
92
11141114
114 4
1947
ME
M-S
10L34
107 4 Jan ’OU
109 4 Dee’OU
1084 Aug’ort
1919
1923
M-S
1951
1953
B...1953
Y dfc Erie 1st 7s.. 1910
S W gold Us......1908
Erie 1st gold 5s..1982
Mahon Val g5s.l9;-p
RR
al909
Jeff
1st gu g 5s
Long Dock consol g Us..1935
Coal dfc RR 1st cur gu Us. 1922
Dock dfc Imp 1st cur Us..1913
N Y dfc Green L gu g 5s. 1940
9U4
964
10041004
22
964
994
59
81
S5 4
88
99 4 Oct ’OU
83
81
85 4 Feb’07
*3
84
84
232
85
82 4
Feb’07
85
Nov’05
127
F-A
A-O
A-0
J -I)
J-J
M-E
104*4 Feb’OU
Mar’07
118
1104 Jan ’Oo
1014 Not’OO
Mar’07
130
118
Sep’OU
J-J
A-0
A-O
M-E
J-J
M-E
1294
125
834
914
1034
87
84
81
85
117 4119
5s...1947
Bklyn U Gas 1st con g 5s. 1945
Buffalo Gas 1st g os
1947
Consol Gas conv deb Us....1909
see P G dfc C Co
Detroit City Gas g os
1923 J-J
Det Gas Co con 1st g 5s...1918 F-A
Ed El Ill Bkn See K Co E L A P
EdE Ill SeeH Y G A E L H & P
M-S
Consum Gas
Eq G LN Y 1st con g
5s..1932
Hr Rap G L Co 1st g 5s. ..1915
Hudson Co Gas 1st g 5s..1949 M-N
A-O
Kan City (Mo) Gas 1st g 5a 1922
A-O
Kings Co Ei L dfc P g 5s..J 937
Purchase money Us
x997 A-O
Ed El 11 Bkn 1st eon g 4s 1939 J-J
Friday; latest
684 70
119
122
106 4
UU
Mar’07
121
122
100
100
100
1074
g 1<>0
63*4 73 4
13934
30 UU
100
10 100
10l4Not’0U
......
1034 105
105
105
Feb 07
86*4
103
89
86*4
86*4 Feb’07
1074 Dec’00
Mar’07
103
98
-
-
103
.
-
80*4
...
103
Dec’OU
......
il64 il7
Feb’07
934 Mar’OU
bidand asked this week, v Due Jan
117
....
85
87
..J 103
103
t5i
.
ili
*108
24
i
Dec’OU
100 4
Feb’07
1064 iuo7«
...
95 4 J’ly'Oo
99 4 J’ue’OU
Oct ’0-1
70
102
Mar’o7
Oct’01
102
10234 100*4 Mar’07
100
May’OH
102
10234
100 4
103 4
‘
102J4
8934 91
10234 Jan ’()7
1024
89Gi Feb’u?
90
May’99
123
784 Apr’OU
783i Feb’07
89
Mar’07
101 *»Oet ’99
100
Nov’OO
102 ^Jan’07
J
J-J
F-A
J-D
M-S
J-D
J-D
J-D
J-D
J-D
M-9
lOS5* 105*4
21
109 4 Sep ’OU
104*4 Aug’lM.
108
964
Nov’uii
lUO
106
987»
91
10241024
....
v
90'4
9s»4 Nov’OU
98 4
95
J-J
J-J
J-J
-
103
103*8
F-A
F-A
j
92*4 343
Mai’07
103
J-D
J-4
Registered
Kentucky Cent
12‘J^Dec’O?
7834
78*4
88*4
89
L02
102
97
97
97
Dec’OU
11934 Mar’04
93°s May’04
•i
100 4
100 4
103
Nov’04
3
100 41004
4
1144
iis 4
2
95
77
109
85
994
79
111
85
J97
122 4 121*4
100 4
67
99
Feb’07
1144
100
1144 1144
96*, 95
95
79
LOU
80
79
111
85
70
69
63
95
Jan’o?
Feb’07
Feb’07
r_
_
....
69
I95t
dfc W 1st g 5s. .1937
Lake
Erie 5s
2d gold
1941
Registered
1940
Registered
1941
Registered
1945
J-J
J-J
A-O
72
69
A-O
J-J
M-S
M-S
A-0
A-0
21» 112 V 114
107 **8 107 7s
114
11334 Sale 113*4
105
107 7e 10778 Feb’07
Jau’OU
117
10 74 110
10U34
....
107
1074 Feb’07
112*aNov’05
•
....
41074
•••••
•••• ••
Oct ’OU
95
M-N
El C dfc N 1st pf Us ,....1914
Gold guar 5s
1914
Leh dfc Hud R See Cent of N J
Leh dfc Wilkesb See Cent of N J
Leroy dfc Caney
12
69
Oct ’Ol
See L dfc N
Keok dfc Des Mo ibceCRI&P
Knoxville dfc Ohio See So Ry
116
Oct’OH
109 4 Oct ’99
112 ce Apr’Ot
96 l4 Jan ’0.
.
.
-
1137e Jan ’Ot
1054 Jan ’O'
10U
103
Val See Mo P
Long Dock See Erie
Long Ial’d—1st con g
1st consol gold 4s
General gold 4s
Ferry gold 44s
5s.A1931
99
Q-J
1922
M-S
1949
M-S
1932
Gold 4s
Unified gold 4a
Debenture gold 5s
1934
Us..1911
95 4 Sale
......
94
95
J-D
J-D
M-S
M-S
M-S
114
1144 Feb’07
Q-J *1144
41931
1938 J-D
Sale
107 4
100 4
95 4
95 4
102
Nov’06
99*4 Oct ’OU
95
95
111)
UU
J’ne’04il
100
Mat ’().
M-S
Q-J
MS
109
103
......
2
....
.
.
..j
1
Miir’oT
110*4 Nov’OH
109Q J an ’07
A-O
Electric Light
Lac Gas Lof St List g 5s.el919
Ref and ext 1st g 5s..... 1934 AO
Milwaukee Gas L“lst 4s.. 1927 M-H
NYGELHdbPg 5s...1948 J-D
Purchase money g 4s... 1949 F-A
Ed El Ill 1st conv g 5s.. 1910 M-S
1st consol gold 5s
1995 d * J
F-A
NYdkQEl LdbP 1st con g 5sl930
61 4 Oct ’01
J -D
Gas A Elec Berg Co c g 5s.1949
Gen Electnc deb g 3 4s..1942 F A
F-A
No price
io*7
HA In
90*4
10334
102‘a Sale
Q-F
\
1
101*4 102 4 Feb’Oi
an dfc Mich
See Tol dfc O O
K C Ft S dfc M
See St L dfc S F
K C dfc M R dfc B
SecStLdfc S *
Kan C dfc Paolfio See M K dfc 7
Kan City Sou 1st gold 3a..i960 A-0
A-0
Gas and
Atlanta G L Co 1st g
|lOUn8i96«i
...
...
1144
*9*5*4 *99
.
......
....
......
......
94
95 4
96
99 4
100
1024
109
1094
....
Nov’Ot
-a
Feb’1)7
....
103 4 103 4
BONDS—tonliuueJ on Next Pane.
Electric Eight
J-D
(V!-N
A-O
J-J
Jan’07
91
M-N
M-N
1st 5s
1911
N Y BAM B lstcon g5s 1933
N Y dfc R B 1st g 5s.....1927
Nor ShB 1st con ggu5s ol932
Louisiana A Ark 1st g 5s. 1927
1094 Oct *06
1214 Deo’OU
IMISl'ELL4NEOlJ8
Gas and
103
90 4 Sale
A-0
A-0
1951
Bklyn dfc Mont 1st g
130
130
'
1
M-S
Leh V Coal Co 1st gu g 5s. 1933
Leh dfc N Y 1st gUHXg4s..l945
110 4 Oct ’OU
1004 Feb’uV
127
127
Feb’OU
133
A-O
J-D
M-S
M-S
J-J
J-J
J-J
J-J
Mar’9s
109 4
85
Lehigh Val (Pa) cons g 4s.2003
Leh V Ter Ry 1st gu g 5s. 1941 A-O
Nov’OU
1134
105
108
ai78 85
103
North Ohio 1st gu g os..1945
L Sho dfc Mich S See N Y Cent
Leh Val N Y 1st gu g 4 4s.l94o J-J
J-J
110*6112
Jan’07
M-E
......
St L Sou 1st gu g 4s....1931
lnd Bl dfc West See C C C dfc St L
J-J
lnd III dfc la 1st g 4s
1950 M-N
Intdfc Great Nor 1st g Us.. 1919
M-S
2d gold 5s
1909 M-S
3d gold 4s
1921 J-D
Iowa Central 1st gold 5s..1938
Gold 4s
1951 M-S
J efferson RR See Erie
Jan’02
12
i
Kal A dfc G R See L S dfc M 8
96
Mar’u7
••
•
......
Dec ’06
Sale
108
J-J
A-0
Registered
1951
Memph Div 1st g 4s...1951
109 4
110
103
1
■
10U 4 lUO^ Keb’07
114
Apr’05
103
101 4
\-o
1961
Gold 34s
97
96
1*00*4
•
....
;
5a...1951
Registered
874
6s. 1941
1952
L N O dfc Tex
95
87*<
112
1951
1952
gold 3s sterling
Registered
92 ‘a
Sep’04
92
1951
Extended 1st g 3 4s
874 Feb’07
97
1951
1951
Coll Trust gold 4s
89
Jar ’05
92 4
924
110
92
92 4
1999
Registered
1104 1114
Salt
Aiar’05
A-0
A-0
A-0
See So Pi
gold 3 4a
94
10141044
Feb’03
102
Feb’06
133
149
Aug’01
98
-_1004 307
974 31
96
133 4 Dec’06
109
117
Illinois Central 1st g 4s..1951
95
96
1U2 41054 102 4 Jan ’07
105 4 Feb’o?
96
J-J
Coi dfc H V lstext g 4s..1948
Col dfc Tol 1st ex 4s
1955 F-A
Houst E dfc W Tex See So Pac
Houst dfc Tex Cen See So Pac Co
J-J
1951 J-J
Registered
J-J
1st
1*314 i*32*‘
High
See Pere Mai
Registered
4
Lou;
..
J-J
ousatonic See N Y N H & H
Hock Val lstconsolg448.1999 J-J
J-J
994
1184118
Feb’07
104 4 Oct ’OU
Oct’On
111)
110
Apr’Ou
Han dfc St Jo See C B dfc Q
1214 Sep 'OU
1104 Feb’07
1024 Aug’OG
’
1*03
Gray’s Pt Term See St L S W J-J
GtNor—C B dfc Q coll tr4s 1921
Registered.
1921 Q-J
Greenbrier Ry See Ches dfc O
Gulf & SI lstref dfc t g 5s 61952 J-J
J-J
Registered
1990
1st consol gen lien g 4s..1990
1990
Registered
Series
984
97
98
90
M-S
AO *1114
A-0
1910
Pac
Penn coil tr a 4s
984
974
99 4
101 4 Mar’07
119 4 Nov’06
122
Sep ’OU
127
J'ne’05
101
M-N
J-J)
J-D
4tli ext gold 5s
1920
6th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g tuud7s
1920
Erie 1st con g 4s prior..1990
do
Buff N
Buff &
Chic dfc
Clev dfc
94 4
67
20
A-O
Leli & N 1
50-year conv 4s A
4Nov’01
22 4
J-D
J-D
J-J
J-J
J-J
A-0
tj'astof
Minn
jast Ten
Ga See So R)
Va dfc BccStPMdcM
Elm Cort dfc No See
Erie 1st ext gold 4s
2d ext gold 6s
8d ext gold 4 4s
104
Sale
894
J-J
5s..1937
Elgin Jol dfc East 1st g
67
J-J
1937
Registered
994
1
Georgia Pacific See So Ry
Gila V G dfc Nor See So Pac Co
Gouv dfc Oswegat See N Y Ceni
Grand Rap dfc lnd See Penn RR
1st
A-O
5s...1928
Improvement gold
Feb’u7
67
M-S
M-E
J-D
J-D
J -D
J-J
F-A
M-E
F-A
M-S
M-S
J-D
Alb dfc Sue conv 3 4s
1940
Rena dfc Saratoga 1st 7s. 1921
Del Riv HR Bridge fieePaKh
Deny dfc R Gr 1st con g4s.l93U
Consol gold 4 4s
193u
'
132
95
Income 48
1990
Clev dfc Marietta See Penn Kis
Clev dfc Pitts See Penn Co
Col Midland 1st g 4s
1947
Colorado ifc Sou 1st g 4s...1920
Re.und dfc ext 4 is
1935
Coluni dfc Greenv Sc* So liy
Coi dfc Hock Val see Hock Va.
Col dfc Tol See Hock Val
Col Co un dfc Term See N dfc W
Conn Jb Paa Rivs let g 4s. 1948 A-0
,
Feb’07
994
97
^ <
Oct ’Ot>
A-0
VTaiHA Hof 1882 1st 5s.
Georgia dfc Ala See Sea A Line
Ga Car dfc Nor
8’e«SeaAl
97 4 102
1184 Jan ’07
COC&l consol7s
1914
Consol sink lund 7s. ...1914
Se
’alHardfcSA
/
994 Feb’05
106 4
99
99
/cl93U
Dei Lack dfc Western 7s... 1907
Mornsdfc Essex 1st7s...1914
1st consol guar 7a
1915
Regia tered
1915
1st ref gu g 3 4s
2001
N Y Lack dfc W 1st 6s...1921
Construction 5s
1923
20
98
Sep^’OU
Jan’04
105
99 4 Dec’00
99 4 Jan ’07
113 4 J’ne’OU
97
W W Val Div 1st g4s...1940
C I St L dfc C consol Us;. 1920
1st gold 4s
& <fesGtWaco
Dak
alias
So seeSee
C MMKA'l
dfc St P
105 4
1044105
Jan’07
97
,
Fort St U D Co 1st g 4 4S.1941
J-D
Ft W dfe Den C 1st g Us....1921
J-J
Ft W dfc Rio Gr 1st g 4s...
8*3 * **83**
Jan’07
104 4 Feb’07
107 4 Dec 02
974..
IT'argo dfc So
U lintdfc PereM
100 4
118
J-J
105 4
83
88
100
Registered
.199U
Spr dfc Col Div 1st g 4s.. 1940
1104 113
974 98
105 4
1054
1044
99 4
984
Oct. ’00
113
Clearlield dfc Mali See B R dfc P
Clev Cm C dfc St L gen g 4s 199c
Cairo Dir 1st gold 4s
1931
Cm W& M Div 1st g 4s. 199.1
St L Div 1st col tr g 4s..I99t
il94 i‘204
994
984 Mar’07
111
111
Sale
973, 974 Feb’07
98
98
Erie dfc Pitts
See Penn Co
Evans dfc T H 1st cons Us. 1921
Sale
100*4 Dee Hid
F-A
F-A
M-N
M-N
A-0
J-D
13141314
Mnc«
•S*® j January
1
Range or
Last
.-tstcLow
HiqU Ao
114 4 1154 Dee ’OU
•
J-J
ref
131
128
Mar’O
Dec ’03
Feb’07
Mar’04
Feb ’07
Nov’Ofc
128
131
123
J
Coupon off
Registered
S Y Sus dfc W 1st
2d gold 44s...
Rdnge
Week's
trice
fiYiday
March 22
Bid
Erie—(Con)
High
Low
lOO^ Nov’OU
Chic dfc West lnd gen g Us 91932 q-m
Consol 50 year 4s
1952 J. J
Chic dfc W Mich see Pere Marq
Choc O dfc Gulf See C K I dfc P
Cin H & D 2d gold 4 4s... 1937
Cin D dfc I 1st gu g 5s. ..1941
C Find dfc Ft W 1st gu 4s g.”23
Cin 1 dfc W 1st gu g 4s. 1953
lnd Dec & W 1st g 5s. ..1935
1st guar gold 5s
1935
C I St Li & C See C C C dfc St JL
Cm S dfc C See C C C St L
General consol
High
Nov’OU
May’OU
RjA Low
109
111
107 4110
Bui
Ohio Rock 1 & Pac—(Con)
Choo Ok dfc G gen g 5s .ol919 j-j
January i
No
=
5
Jo b-
N. Y. STOCK EXCHANGE
Ending March 22
Wkkk
Since
5-°
!
BONDS
Range
Week's
Range or
Last Sale
trice
fYiciav
677
Record—Continued—Page 2
New York Bond
1907.]
117
N Y db Rich Gas 1st g
Pat & Pas G dfc E con g
Feo Gas dfc C 1st con g
5s.1921
5s. 1949
Us. 1943
Refunding gold 5s
1947
ChG-LdbCkelstgngos 1937
■
997p, Sale.
»0 4 80%
99
•
98%
Con G Coof Cb lstgug5s.’36
M-N
Mu Fuel Gas 1st gu g 5s. 1947
J-D
Syracuse Lighting 1st g
M* b
Trenton G dfc El 1st g 5s.. 1949
1950 J-D
......
......
6 Due Feb d Due Apr
5s.
105 H,
102 Hi
914
99*4 103 4
80 4 84 7g
99
99 4
91 Hi
99%
SI |
80 Hi
99
994
113*4 J’ne’OU;
9h34 Dec’001
Nov’o5*.
104=* Nov
......
119
Feb’o' i
118
1U3 Hi 103 *12 Mai’07'
100
Mar’isvl
102
Jan
103 Hi Dec
105
10 4 Hi
5s.’51
Westchester Lieht’g g
90S
261102
....1102
103
M-N
M-S
A-0
M-S
J-J
J-D
102 %
102 C
102
Feb 07
91 4 Juu ’07
101 Hi
eDue May ADueJ’ly A; Due Aug 0 Due Oct
103 4
loo
102
’07!
’05;
Feb’07;
1194
jloo
—
1*1*6 * M»V’06j
99*4
119
1102
....
108
r
:**■
I1014 i*02
4 Due Dec s Option iSai#
678
New York Bond
BO.N Ds*
Record—Continued—Page
[VOL.
3
LXXXIV.
H*
N. Y. STOCK EXCHANGE
Week Ending March 22
Price
Week's
Friday
Range or
Last Sate
March 22
Bid
A 8k
BON DM
N. Y. STOCK EXCHANGE
Week Ending March 22
Range
Since
January 1
Lew
High No
115 4 Mar’U7
Low
115
108
«%
Price
««-2
t- v.
Week's
Friday
March 22
-s*S
Range
’Hr
Range
or
Since
Last Sate
January 1
High
X Y Cent A H It—(Continued >
Louisv A Nashy gen g 6a. 1930 J-D
Bid
1154,
Ask Low
High No Low High
Cart A Ad 1st gu
1154
Gold 5s
1937 M-N
g 4s. ..1981 J-D
108 ' Mar’07
103=*
Gouv
Unified gold 4s
1174
A
Oswe
1940 J-J
L
9 7 “-a Sale
lstgu g5s 1942 J-D
97 4
09 4
974 101
Moll A Mai 1st
Registered
1940 J
gu g 4s..1991 M-S
104
103
IO14 J’ly ’01
Dec’Ob
X J June R gu 1st
Sink tund gold 6s
1910 A-0
4s...1986 F-A
107 ~ Dec’05
105
Uct ’02
X Y A Harlem
Coll trust gold 5s
1931 M-N
108
g
3
4s...2066
M-N
109
Mar’07
1014 j’ly HR
109
109
5-20-vrcol tr deed g 4a.1923 A-O
Registered
97
2000 M-N
Sale
95 4
9734 28 95
98
K H A Nash 1st g 68....1919 J-D
X Y A North 1st
*
109
A-O
5s...-1927
g
112
iij
Feb’O,
112
112
X Y A Pu 1st con
L Cm & Rex gold4*i»s...1931 M-N
99
gug 4s 1993 A-O
109
Mar’05
1014 Dec’Ob
N u A M lat gold 6a
Nor A Mont lstgu
1930 J-J
g 58.1916 AO
121
Mar’07
121
121
X O A M 2d gold 6s
Pine Crock
1930 J-J
reg
guar
J
-D
68.1932
122 4 Mar’07
137
Nov’97
R WA Ocon
Pensacola Div gold 6a...1920 M-F
Istext5s./il922 A-O • L12 4
107 4 Aug’Ob
113
Mar’07
113
114
St L Div 1st
Oswe A R 2d
gold 6b
1921 M-S he
gu
g
5s...ffl915
F-A
120 ' Jan’07
120
11334 Jan ’02
120
R W A OT R 1st
2d gold 3s
1980 M-S
72 4 724 Feb’07
gu
M-N
g
os.1918
72 4 72 4
Atl Knox A Not 1st
Rutland 1st con g 4
g5al946 J-D
4s..1941 J-J
116
106 4 Oct ’05
J’ly’06
Hender Bdgelstst g6a.l931 M-S
OgALCham lstgu4s gl948 J-J
94 *-,
1084 Jan ’06
95
Feb’07
95
95
Rut-Cauad
1st
Kentucky Cent gold 4a..1987 J-J
96
gu
97
J-J
964
g 4s. 1949
95
Feb’07
95
Feb’07
97
95
St Liw <V; Adir 1st g
95
LA-CAM AM lstg 4 4s 1945 MS
97=8
5s.
1996
108
J-J
122
Jan ’06
J’ly’06
LA N-South M joint 4s. 1952 J-J
2d cold 6s
88
1996 A-O
87
87
2
80
92
N Fla A S 1st gu g 5s... 1937 F-A •
Utica A Blk
112 4 113 4 Mar’07
100 4
Rivgug4s.1922
J-J
1037».
!
13
4 113 4
Aug’06
N A C Bdge gen gu
Lake Shore gold
g 4 4s 1945 J-J
34s....1997 J-D
93
92 4
5
923*
Pens A Atl 1st gu
923* 944
Registered
g 6s..1921 F-A •1097*113
..1997 J-D
112
Jan ’1.7
112
2
9278
112
92 7b 94
927*
SAN Ala con gu g 5s.. 1936 F-A
Debenture g 4s
107 4
115 4 M ar’U5
1928 M-S
924
Sale
92 ”
94
'
31
“ 99 4
92
L A Jeff Bdge Co gu g 4s.. 1945 M-S
Ka A A G R 1st
gu c5s. 1938 J-J
97 ’ May’06
LN A A Ch A«0 I A L
Mahon C’l RR 1st 5s. .1934 J-J
125
4 Mar’Ori
Pitta <Sc L Erie 2d
g 5s.al92h A-O
107 4 Nov’06
Pitts McK A Y
anhattan Ry consol 48.1990 A-0
99 4 100
lstgu 68.1932 J-J
994
99 4 16 99 4 100=8
139
Jan’03
2d guards
Registered
1990 A-0
104
1934 J-J
Apr 05
McKees A B V lstg 6s 1918 J-J
Metropol El 1st g 6s....1908 J-J 102 103 loj^a Mar’07
1004 102 4
Mich Cent 1st consol 6s. 1909
McK’ptABV See N V Cent
M-S
104
Dec’06
5s
Metropolitan El See Man Hr
1931 M-S
118 4 J’ly’06
Mex Cent consol gold 4s..1911
83 ‘4 Sale
Registered
J-J
83
1931
83 4 55
119
81
J’ne’06
86
1st consol income g 3s.al939
4s
214 Sale
21
22
1940
J’ly
76
20 4 273,
100=4 Jan ’07
2d consolinoome g 3s..al939
14
Kegistereil
16
16
.1940 J-J
16
11
106
14 4 21
4
Nov’OO
J LAS 1st
Equip A ooll gold 5s
1919
g 348
1951 M-S
94 4 Dec ’061
•
Mex Internet 1st con g 4s.1977 M
1st g 3 4»
9o 4 90°8 j’ly ’OJ
1952 M-N
94 4 Jan ’07
Mex North 1st gold 6s
Bat
944 94 4
C
A
Stur 1st gug 3s.1989 J-D
1910 J
105 ~ May’00
Mich Cent Uma Y Ceut
N Y Chic A St L 1st
g 4a 1937 A-O *103 4
1034
5
1034
Mid of N J
1024 103 4
8ee Erie
Registered
1937 A-O
1024 Mai’07
102 4 162 4
Mil L S * W See Chic A N W
West Shore 1st 4s
iu. ib'3 102
gu...2361 J-J
102
6 102
Mil A North See Ch M A St P
105
Registered
2361 J-J
Io04 Sale 100 4 100s,
3
100
Minn A St L 1st gold 7s.. 1927 J-D 125
4103 4
N
Y
A Green w Lake See Erie
130
Mar’07
130
130
N Y A Har See N Y
Iowa Ex 1st gold 7s
1909 J-D
C A Hud
1114 uct ’05
Pacific Ex 1st gold 6s... 1921 A-0
Y Lack A W See D L
118
118
Jan ’07
A W
118
i'l8 4 N Y L E A VV See
South West Ex 1st g 7s. 1910 J-D f
Erie
1134 Mar’05
1st consol gold 5s
N Y A Long Br See Cent of
1934 M-N
109
X J
1094
Mar’07
109
110 4
1st and refund gold 4S..1949 M-S
few York New Hav A Hart—
89
93 3* Feb’07
92
94
Des M A Ft D 1st
Housatomo R con g 5s.. 1937 M-N
gu 4s...’35 J-J
98
97
124
Apr’06
Feb’06
Minn A St L gu SeeB C R A N
N>H A Derby con
cy 58.1918 M-N
M StP A S8M
1
Y
A
North
See N Y C A H
99
cong41ntgu’3S
974
Mar’07
99
99
M S 8 M A A 1st
1 Y O A W ref
g 4 int gu 1926
103
lstg 4S..J/199L M-S
Nov’01
964
98
6
Minn Un See St P M AM
9G41014
Regis $5,000 only
M-S
1014 J’ne’Ob
Mo Kaa A Tex 1st g 4s... 1990 J-D
1
Y A Put See N Y C A gl992
96 4.Sale
96
H
10
96 4
96
2d gold 4s..
984
r
Y
A
R
B See Long Island
0x990 F-A
817* Sale
94
81=4
83
8 L
88
1st ext gold 5s
T Y S A W See Erie
1944 M-N lo3
1034
103 4
6 103
104
1st A refund 4s
T
Y
Tex
A
M
82
2004 M-S
See So Pac Co
hale
5b
814
*4
814 86
Gen s f 4H»s
1936 J-J
85
85
M-N
Mar’07
102
104
864
tit L Div 1st ref
Sep ’06
8e4
g 4s....2001 A-O
M-K
834 87 Jan’o7
130
85
Feb’07
87
129 4130
Dal A Wa 1st gu g 5s...1940 M-N
Improvem’t
A extg6».. 1934 F-A
104 4 Jan’07
104 4 104 4
13U3< Feb’06
Kan C A Pao 1st g 4s... 1990 F-A
New River 1st
i‘27
95 4 Feb’07
g
6s
1932
A-O
130
4
95
’06
1274 Oct
4 95 4
Mo K A E 1st gu
N A W Ry 1st con
g 6s...1942 A-O ....... 1104 1104
2
984 S«ric
112
g 4s. 1996 A-O
974
98 4 79 97 4 99s,
M K A Ok 1st gu 5s
11041114
Registered
1942 M-N 106
107
1996 A-O
Feb’07
100
Feb’06
M K A TofT 1st
1064
1074
Div’l 1st 1A gen
102
gug 68.1942 M-S
102
102 4
g4s... 1944 J-J
6 102
95
95
95
1
95
Slier Sh A So 1st gu
96 4
1064
Pocah G A C Joint 4s.. 1941 J-D
87
g 5s. 1943 J-D 104
104
Sale
Mar’07
87
104
8J
24 87
104
Tex A Okla 1st
914
COAT 1st
gug os...1943 M-8
104 4 107
102
g
5s
J-J
Jan
’07
1922
lo9
4 Feu'05
106
107
Mo Pacific 1st con g 6s ...1920 M-N 118
Scto VAN
98
1184 IIS3*
25 1184
g 4s 1989 M-N
119
99 4 99 4Mar’t>7
99 4 99 4
Trust gold 6s stamped.al917 M-S
1194
See Chi A N W
lOi
101
15 10P 105
1014
Registered
See L Erie A W
al917 M-S
107 4 Feb’Oe
1st coll gold 5s
ioi i02 lul
1920 F-A
3 101
lol
Q J 1004 Sale 100
1004 183 100
105
40-vear void loan 4s
1024
1945 M-S
Registered
86
1997 q-J
86 4
8
99 4
86
99 4
5
90
98 4102
3d 7s extd at 4%
General lien gold3s....a2047
1938 M-N •994
*70
71
70
q-F
71
24
70
Cent Br Ry 1st
744
93
Registered
sale
gu g 48.1919 F-A
93
a2047 <J-F
93
71
3
7>
9A
Feb’07
71
Cen BranchU Plstg4s.l94H J-D
71
964
St Paul-Dul Div g 4s
95
95
1996 J-D
Nov’06
954
Jan
’u7
Dui Short L 1st
9o34 95=4
LeroyAC VALlstgSs 1926 J-J
99
LlO
gu 5s..1916 M-S
Mar’o5
Pao R of Mo 1st ex
C B A Q coll tr 4s
See Gt Nor
g 4s. 1938 F-A 100
1013, jan
2d extended gold os.
StP A N P gen
..1938 J-J
1154
g 6s....1923 F-A
L164 Mar’07
120
120
116
1 120
8t L Ir M A Sgen con
1174
120
110
Registered certitio’s..l923
4 Sale
g 6sl931 A-O
*115
1104
110 4 43 1104 114
132
J’ly’99
Gen con
St
Paul
A
Dul
1st
stamp gtdg 5s 1931 A-O
116
5s....1931
1094
Nov’06
113
Mar’06
Unified A ref gold 4s..1929 J-J
2d 5s
82
84
82
1917 A-O
110
84 4 17
82
108a4 Feb’OT
88 4
Riv A G Div 1 st g 4s.. 1933 M-N
1st consol gold 4s
1084 108=4
90
1968 J-D
90
6
98 4 Oct ’06
90
92 4
Verdi V I A W 1st g 58.1926 M-S
Wash Cent 1st g4a
90
107 4 Apr’06
1948
93
May’Obi
Mob J A K C 1st cons g6s. 1953 J-J
for
Pac
*82
Ter Co 1st g 6s..19,
98
1124
Deo’Ob
113s4 Mar’07
Mob A Ohio new gold 6s.. 1927 J-D 122
for Ry Cal See So Pac
113=4 1134
4123 4 122=4
1 1214 124
1223,
1st extension gold 6s../i
ror
Wis
See
C
St
P
1927
M A O
122
Dec’05
General gold 4s
ror A Mont See N Y Cent
1938
93 4 Jan’07
93 4 94
Montgom Div 1st g 5s..1947 F-A ■ius
108 4
108 4
li 1084 1084
St L A Cairo coU g 4s..sl930
Jiio ltiv RR See halt A O
92 4 Aug’OU
re A Cal
Guaranteed g 4s
See So Pao Co
1931
101
Xov’U4
MAO coU 4s See Soutlieru
( re RR A Nav
See Un Pac
Mohawk A Mai See N Y C A H
1 re Short Line
See Un Pao
t swego A Rome
Monongahela Riv See B A O
See NYC
MoutCent See St P M A M
l C F A St P
See C A N W
Morgan’s La A T See S P Co
_>ac Coast Co 1st g 5s
1946 J-D
107
107
Mar’07
Morris A Essex 6’«sDel LA \V
L07
109
ao of Missouri
See Mo Pac
J
1154 1174 117-4 Mar’07
J-J
1044
103
lat consol gold 5s
J’ly’06
11641173t
1928 A-0 112
103
11334 Mar’07
101
Mar’07
1134 116
101
101
Consol gold 58
Jasper Branch 1st g 6s..1923 J-J lio 4
1919
119 *4 Feb’0(3
1114
McM M W A A1 1st 68..1911
Sep ’04
Consol gold 4s
ilu 4
J-J
ioi
1943
117
4 Mar'05
1U6
Aue’O;
TAP Branch 1st 6s....1917
Convertible g 3 4s
J-J
1912
94
113
sale
J’ly’04
937s
Nash Flor A Shef See LAN
95-*,
93
10> 14
Convertible g 3 4s
1915
89^ Sale
Nat of Mex prior lien 4‘ns.1926
89=8
914 123 SO5* 95
Alleg
Val
gen
J-J
gu g 4s...1942
100
102 4 Jan '07
Oct
’05
1044
1st consol 4s
1024 102 4
D R R R& Bge
1951 A-O
83 4 85 4 Mur’u7
lstgu 4s g.’36
97 4
Now HAD See N Y N H A H
844 87 4
Phua BalAW
lstg 4s.. 1943
103
107 4 Oct ’(>:
N J J unc RR
See N Y Cent
Sou Bay A So 1st g os... 1924
102
Jan’03
New A Ciu Bdge See Lou A X
Sun A Lewis 1st
4s...1936
*98
g
N O A X L prior lien g 6s
UNJ RR A Can gen 48.1944
piolu A-O
N Y Bkln A Man Bell See L
enn Co—Guar
I
lstg44s. 1921
106
106 " Mar’07
N Y Cent A H Riv
105 4 107
Registered
g 34s.1997
J
r..ii
914 Sale
1921
914
92
1054 e’eo’ol
Registered
914 !'3\
105:h 105=4
Guar 3 4s coll trust
1997
J
92
reg. 1937
Jan '0790
Deben g 4s
4
J’ne’06
Guard 4scou tr ser B...1941
1934 M-N
95 4 95 4
9
90
95S.
Lake Shore coll g 34s...
95
Oct ’06
99
Tr Co eertit’s gu
1998 F-A
84
Sale
g 3 8:8.1916
S3 *4
944 95 4 95 4 Mar’Oj
84
18
83 4
Registered
*
88 4
95
Gu
95 4
34s tr etfs C..
1998
s? L
83
1942
84
8
1
9
s
i
Mich Cent coll g 3 4s
87
G
3 4s tr etfs I)
1998
S3
1944! J
83
90
Feb'07!
4
Alai
’06
So
Registered
,-7 4
Guar 15-25 y ar g 4s
1998
83 4 844 Jan ’>,7!
1931
98
97 4 Jan ML
Beech Creek 1st gu g 4s. 1936
-i! v4:h 844
97 -2 97 4
Cl A Mar 1st gu
g 4 -*xs.. 1935
lOx^ 102
110
.tan ’05
Feb’07,
....1103
Registered
102
*,
Cl
A
P
1936
gen gug 4 4s ser A.’42
102
i;
Mm
’04
108 4 Aug’03
2d gu gold 5s
Series
1936
B..
1942
Beech Cr Ext 1 st a 3 4s 51951
Scries C 34s
1948
qy
Series D 3 4s
1950 F
....
.
...
.
.
....
....
-
...
.
...
....
....
....
Mahon Coal See L S A
MS
...
Si
_
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....
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....
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JA*
....
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-
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.
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n
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w
....
.
.
.
.
8:1
JInd A W See CCCAStL
Wf
_
-
.
Nash Chat A St L 1st 7s. 1913
....
....
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.
...
—-i!
......
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^
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.
....
.
1
....
-
-
......
......
.
j
m
....
....
1 ---•!!
LNkOts
Coni and Iron
Col FA 1 Co gen
sip 5s..1943
Convertible deb g 5s....1911
Col Fuel Co gen gold 6s.
1919
Gr Riv Coal A C 1st
g 6sl919
Clearf Bit Coal lsts 14s...1940
F-A
FA
M-N
A-0
J-J
LJol Indu 1st A coll 5s
uu..l934 F-A
Contin’talC lstst gn5sg. 195*2 F-A
Peit A Clear C A 11st g 5s. 1926
Kan A H C A C 1st s f
g5s.l951
Pleas Val Coal 1st
g s f 5s.1928
fcunday Crcex Co g 5s
1944
Tenu Coal gen 5s
1961
Penn Div 1st
g 6s
al917
Birm Div 1st consol 6s.
.1917
Cah C M Co 1st
gu g 6s. 1922
De Bar C A 1 Co gu
g 6s. 1910
Val ron Coul A Co 1st
g 5s. 1949
Victor Fuel 1st s f 5s
1953
•No pnoe
Friday; latest bid
J-I^
90
96
......
......
62 4 sale
......
......
......
......
106
J-J
J-J
M-S
J-J
95
Feb’07
88
J’ly’06
|
102=8 Apr’06
95
Apr’02
|
BONDS—Continued
95
Telegraph
100 4
U)7 4 Uct ’04
J-J
J-J
A-0
J-J
J-D
F-A
|
106
90
99
90
and asked.
Sale
Sale
....
62=w>
(!4
178
107 4 Dee ’04
107
May’97
105 4 Deo’06
105
Oct ’00
78
Feb’OT
94 4
95
106 4 Jan ’07
106
106
102
Dec'03
100
Feb’07
90
aDueJan £> Due Feb
i
7b 4
....
....
4
--t--
V
i
90
93 4 Feb’07
6
....
c
78
94
78 4
95
106 4 10(> 4
105
1064
ioo
90
93 4
Due Mar
100
98
93 4
on
Next Pane
nnd
Telephone
Am Telep A Tel coll tr 4s 1929
Comm Cable Co 1st g
4s..2397
Mel T A T 1st s t g 5s
1918
Mich. State Telep. 1st 5s.
19_’4;
N V A A J lei cell
J-J
Manufacturing
Am Tobacco
4s
JOue Apr
Jan ’07
J ’ue’00
104 " Feb’07
99
104
loo 4 J’ly ’03
102 4 102
Mar’07
Sale
99
99
105
106 4 Mar’06
103
J’iy’04
...
■vrt-N
F-A
g 08.. 1920 ivi-N
West Union col tr cur 5s.
193s J-J
Fd amt real est a 4 4s... 1950
M-N
Mut Un Tel s fund 6s...1911
M-N
XorthwTel gut 44sg..1934 J-J
97
A Industrial
Am Cot Oil ext 4 4s
1915
Am Hide A L 1st s t
g 6s..1919
Amer Ice Secur deb
g 6s.. 1925
Am Spirits .Vltg 1st
g6s.. 1915
Am Thread 1st col tr 4s.
..1919
40-yr g 6s
Q-F
M-S
A-O
M-S
J-J
1944 A-O
1951 F-A
ADue J’ly k Due Aug
90
92
.
u-J
917fe
90
86
88=*
88
M ar ML
98 L MarM)7
93
93
86 *8 Sale
92 4
loS
hale
73
Sale
wDueOct
v
Feb ML
107
72 4
Due Xov
a
Mar’07
S7
1
! 90
! 0
104
98
104
98
id 2
lo3
97
100=4
90
86
914
....
....
6
1
108 s, 510
73 4 306
93
88
89
98 L 102
90
105 h
72 4
93
110=4
79 4
Due Deo ^Option Sale
:
<
mjNi>»
Price
LYidau
H. Y. STOCK KXCHANGB
Week Ending March 22
Perm Co—(Continued)
Erie * Pittsgug34a B.1940
Senes C
1940
GrH&lei 1st gu g 4 4s 1943
Pitts Ft W 6c C 1st 7a...1912
20 7 s
1912
3d 7s
A1912
Pitts Y'& Ash 1st con 5s. 1927
*
March 22
Ask
Bid
92
J-J
J-J
J-J
94
1942
1942
1946
1949
1963
A-O
M-N
January 1
H iah So
964 Jan ’66
9S4 Apt ’(14
108
Sep ’06
Pac Co—{Continued j
Morgan’s La dfc T 1st 7s. 1918
1st gold 6s
1920
No of Cal guar g5s
1938
ore* Cal 1st eruar a 5s. 192 <
So P of Ar gu 1st g
1st iriiax it tia
C1910
So Pacific of Cal—
1st g 6s aeries E * F...1912
1st gold 6s
1912
...
.....
«,
1094
A-O
....
....
M-N
M-N
F-A
123 4 Jan ’05
1004 Dec’05
J-J
j. j
96
Sale
T
....
....
97
96
95
984
95
96
Mortgage gold 4a
11
Sar See D & H
See Soutli By
See Southern
See Deu db Bio Qi
See B R * P
Senes'.D 4-5a
Series E6a
General 5a
Guax
Rutland
^aa lus *
H See Pore Marq
Qt Jo db Gr lsl 1st g 4s...1947 J-J
924
92 4
Feb’07
91
....
J-J •1094
91
J-J
A-O
78 4 Sale
J-J
J -D
98
J-D
M-K
80
81
A-O
*
119
Jan’07
794
97 4
99
M-N
93
J-J
Mi
123 4123 4
....
1084 116 4
....
1933
J-J
J-J
1933
1937
1937
J-J
M-N
J-D
J-D
A-O
A-O
J* J
J-J
J-J
J-J
Feb’07
14
l9
1164Apr’01
1074 51 ar’o7
99 4 974 Mar’07
1004 Oct ’Oo
100 4 Dec’06
-»
107
9/4
ioi
131
*
105
J-J
AO
M-N
12
....
Cent Leather 20-year g 5». 1925
Consol Tobacco 50-yr g 4s. 1951
DiatilfeecCorconv lstg5s.’27
Int Paper Co 1st oon g 6s.1918
Consol couv s f g 5s
1935
Int St Pump 10-yr couv. 6s ’13
Kuicker Ice (Chic) 1st g5s.’2S
Lackaw Steel 1st g 5a. ...1923
Nat Starch MlgCo lstg Os 1920
Nat Starch Co a f deb 5s.. 1925
Republ&S l8tdbc.oltr5a.19H4
U s Leatli Co a Ideb g6a..l913
U S Realty db I conv deb g 5s’24
U S Steel Corp—( coup .dl963
79
108 4
....
..
1064 1674
97-j 97 4
.
77
98
.1. j
87
83
106 4 1084
....
76 ‘j
994 Feb’uT
88
Jau’07
y64 Mar’06
107 4 Aug’06
74
15
74
....
88
F-A
J-D
A-O
F-A
,VI-N
85
96
io3
1094
110
M-N
99
82 4
98 4
i03
109
I0614
Jan’07
83 4
lu74
IlOO
1U6
85
90
2-)
*8*2
lOi'4
99
96
99
20
Feu’07
Mar’07
86
9S4 98 4
105 4
103
82 4
Nov’uO
J ly ’06
M-N
105
1074 Feb’05
M-N
J - J
AO
A-O
Afi-N
10-4
ilO-j
104
Aug’OO
110 4 Mur o7
1114
1114 Jau ’07
.Mai’07
93
110
Dec’06
109 4 Feb’06
J-J
83
1O6
it>94 i*l0 4
111
92 4
....
112^
944
......
...
l*7;V Sale
96
F-A
70
72 4
A-O
F-A
J-J
J-J
^
ibOid-l-AN KOlib
863i Sale
105
>9
luo
Sale
A-O
AO
M-N
J-J
AO
M-N
J-J
M-N
M-N
A-O
Sf 10-60 yr 5s. (reg ..U196S
Va-Car Chem col ir 5a g.,1912
We«t1mrhoufte Edb AI at 5a ’31 J-J
97 4 sale
.
97j4
72 4
s7
85 4
104
105
S9 4
90
100
100
'.*7 4 Oct ’05
V*7
97 ;v
82
Jan *01
79,
1 i
22
141
Is!
96
105 4
92
954 Sale
98 4 Sai6
95 4
!
94 4
72 4
9 ;t
79
90
108 4
10 i
1 s 14 92
85 •
106
5 400
1.......
26
96 ’4 102
82 4
83
7234 Nov'06
7u
......
••••••
97
95
Mar’07
1064
105
Mar’O i
95
90
5
90
90
95 4 99
95 4
98 4 770
95 4
974 28 95 4 99 4
1
984 99
584
984
95
r
106
94
Friday; latest bid aud asked this week.
96
Registered
1947
Guarreiund 4a
1929
Registered
1929
*1084
F-A
J-J
A-O
lid
J-D
110
Mai
J J
F-A
J-J
A-O
J-D
A-O
J J
J-J
A-O
J-D
J-D
A-O
J-J
J-J
J-D
FA
J-J
J-D
J-D
J-J
J-J
92
Jan ’06
92
944
J’ue’06
J’ne’Oo
111
111
1124 113 S,
22 116
11734
1104 11 4
69 4
6b
117-4 1194
117
1184
1114113
Mar’u7
Oct '06^
108 4 Dec ’Uo
113- Dec ’05
Feu’07
111
109 4 May’00
90 4 Jan ’o';
106-^ Jan ’07
loO
112
106
106 4
111
111
944
109 4
109 4
J’ly’Oo
108 Jan ’07
11441117 Jau’u7
95 4 93 4 Jan ’o7
Sale
95
9*6*4
111
Deo ’06
116
116
Nov’06
Mar’OO
92
1084
117
93 4 94
D»S
117
1184
116
944 Oct ’00
1u634
103 4
Mai’07
1L L 4
106
111
1114
101
Nov’OO
99
Feb’0
LlO
J’ne’06
LOO
108
110
110 411134 111
100
101
Sale
95
5b 4 Sale
58
102
*88
-
54
108
Salt
57
58
10 L
93
4 Sale
bale
7b
80 4
974
97
80
93
22
si
Alar’00
66
ii34 :*.:*.:
90
76
74
23 S
76 4
56 4
106 4
iii4
93 4
34
109
1095a Dec’CO
105
110
Dec ’06
1114 Aug’06
87 4 Jail ’o7
....
....
80
bO
101
S7
102 4
4
634
109
80
bO 4
102
74
20
102
80
32 4
76 4
«>o
5
;>u
Aug’O
Mar 07
Jan ’07
Feb 07
J -J
F -A
M-S
41
146
77
57
A-O
J J
20-year equip s f os ...1922
Wilkes * East See Erie
Wil * Sioux F See St F 51 * M
WisCeut 5u-yr 1st gt-u 4s.194 J-J
34
14 108
574 175
lud
Nov’04
Heh’07
Lec’Ob
Jan ’u7
Sale
7G *4 Sale
764
75
101
57
50
60
114
100 4
58
195
58
101
Feb’07
544
108
102
75
-
J - J
A-O
N ov
103
103 4
1024 Fob’06
98
Sep’06
•
A-O
A-O
<71943
South By
Wheul’g* L E 1st g 5s...1926
Wheel Div 1st gold 5a..1928
Exteu * Imp gold 5s...1930
BB lstoousol 4s
1949
116
115
110
106 4 Nor’04
115
Dec’06
111
May’04
102 4102 4
102 4 JaD ’07
102 4
97
97
97
dan'07
87 4 89
87 4 Feb’O i
83
»7
85
87 4
Alai’U7
86
86 4 b5
bl
82
bl 4
814
814
95
Dec’Oo
110
110
110
110
108 4112
93
Sep’06
101
:S6
100
994 102
LOO
dale
1
98
1014
98
99 4 98
4
99
974 99 4
*98 Si 99
984
120
4 126
Mat’o!
121
118
121
Feb’07
1124 114
114
Ill
50
944
88
90
89
90
sale
J-D
J-D
1943
9*2 * 9*4
Mar’07
117
J-J
Om Div 1st g 3 4s
1941 A-O
Tol * Cli Div lat g 4s... 1941 M-S
St.Clias Bridge lat g 6a. 190s A-O
Gen gold 3-4s
Income 5s
Weal No Car
See
91 4 95
10S34 1134
110
Nov'00
Al ar’O.
oct ’05
96
1113.
112 4 1113*
11234 Jan ’06
Feb’05
98
M-N
A-O
107 4
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il5^ Apr’uO
.VI-N •1053*
llO
M-8
104
M- S
100
M-S
lu t 4
M-N
110
M-N
F-A
110
J-J
J
IIU34 i04
lo.
Ft‘b 07
Sep’00
93
Feb’07
111
113-H, Mar’oV
i
> / S
Sale no
110 4 Mar’O'.
Ill
Jan
’u7
68
08
119 >4 Alar’oT
U73*
117
1 is 4 117
J-J
A-O
Wab Pitts Term 1st g 4a. 1954
2d jiold 4s
1954
Warren
bee Del Lac * West
Wash Cent
bee Nor Pac
Wash U * \V
bee Southern
West Maryland 1st g 4s...1952
Gen * couv g 4s
1952
W Va Ceut * P 1st g Os 1911
West NY* Pa 1st g 5s..1937
...
no
112
117
190*
1926
C Co see Pa BB
See Bio Gr Wea
See Un Pacific
B See N Y Cent
FA
V/ audalia consol g 4a ....1955 J-J
V era Cruz*Platgu4 4«l934
Ver Val inti * W
see Mo P
Virginia Mid See South By
Va * Southw’t lat gu 5a.2003 J-J
WJ abaali lat gold 5a
1939 M-N
VV
2d gold 5a
1939 F-A
Debenture aeries A
1939 J J
Certificates of tleposit
Series B
1939 J -J
Certificates of deposit....
1st lieu equip a Id g os..1921 M-S
1st lieu 50 yr g term 4a. 1954 J J
interim efts 5il-yr 4s
J
Del * C'h Ext 1st g 6a. .1941 J
Dea Mom Div lstg 4s. .1939 J-J
lat 7a
112
101
1«»a4 1034
1044 10438
112
98
82 4
08
11 4115
93 4 93
34
34
1
4
4
87 si
8i 4
80
89
Dec’65
SO
87
20
984
99
1
....
\
J-J
A-O
"
-
824
994 loo^j
1
1950
Utah * Nor
Gold 5a
Uni N J BB *
Utah Central
Utah* North
Utica* Black
131413L4
13
50-year gold 4a
Ore By * Nav con g 4a. 1946
Ore Short Line latg6a.. 1922
lat consol g 5s
1946
....
4 1U8
1936
Tor Ham * Buft lat g 4S.A1946
I 1 later* Del lat con g 5a 1928
U lat refund g 4a
1952
Uu Pac RK * l gr g 4a ...1947
106 41054
131
131
....
83
844
106 4 Feb’07
110
oct’05
Al
Haimlaci(icing A IiMlimti’in.1
Beth Steel 1st ext si 5s.. 1926
95,
73
124
May’05
131 4 Feb’o7
1364 Muy’06
M-S
gold 3 4a..fcl929
Through St L 1st gu 4s ’54
Gal liar db S A 1st g 6s..1910
Alex db Pac 1st g 5s
1931
Gila VGdbN 1st gu g os. 1924
iious E db W T 1st g 5s. 1933
1st guar 5s red
1933
H 6c T C 1st g os int gu..l937
Consol g Os int guar...1912
•Gen gold 4s int guar.. 1921
Waco db N W div 1st g 6s ’3u
A dfc N W 1st en ir 5s.... 1941
97 4
92
116
Aug’06
115 4 Dec '06
J-J
Mort guar
97 4
.....
*
j-L)
1949
824
1926
1936
Western Div lat g 5a...1935
General gold 5a
1935
Kan * M lat gu g 4a....l99u
Tol P * W lat gold 4a....1917
Tol St L * W pr lien g 3 4a. 1925
119
794
804 80
....
-
82 4
....
Alar*"o5
No price
784
it
J-J
104 4 1 094
Consol gold 5s
1943 j. j
106
I06
Gads Ala By 1st con 5s 01945 J-J •100
Ga Car db No lstgug&s 1929 J * J
106
Mar'07
Seab db Boa 1st 5s
..I92t J J 106 4
Slier Slir * So See M K * T
SU Sp Oca db li See Atl Coast L
So Car db Ga See Southern
South cm Pacific Co—
86
864
864 Sale
Gold 4s (Ceut Pac coIl).fcl949 J-I)
9i
Dec’06
Registered
£1949 J -D
97
96 4 97 4 96
Cent Pac 1st ref gu g 4s 1941 F-A
*
93
119
....
81
115 410(5 4 1054 Jan ’07
131
Mat’O?
132
134
Dec’06
108
io8 4 L08
A-O
1st guar gold 5s
1937
Will db S F 1st gold 6s..l93tr
Bt P dfc Nor Puc See N or Pac
Bt P db S’x City See C St P M dfcO
B A* APa8slstgug4s...l943
B Fe Pres db Ph 1st g 6a... 1942
B F db N P 1st sink I g 5s.1919
Bav F db West
See Atl Coast L
Scioto Vai dfc N K See Nor 6c \\
Seaboard Air Line g 4s ...195U
Coil tr refund g 5s
1911
Atl*Binn 39-yrlst g 4s.el933
Car Cent 1st con g 4s...1949
Registered
91
73
93
924
so 4 Mnr’07
73
74
Sale
83
74
J-D
j .p ♦loo
K Minn 1st div 1st g 6s. .190b
Nor Div 1st gold 4s. ...194b
Minn Union 1st a 6s....1922
Mont C 1st gu g 6s
193
Registered.
....
A-O
A-O
Dakota ext gold 6s
1910
Mont ext 1st gold 4s....1937
Registered
1084 Mar’07
9i* Feb’oT
1024 Aug’05
784
79
98
Nov’06
*
M-N
M-S
AO
J-J
J-J
J-J
J-J
Spok Fails * Nor lat g 6a. 1939
’per A of St L lat g 44a..1939
1 lat cou gold 5a
1894-1944
Gen refund a 1 g aa
1953
St L M Bge Ter gu g 5a. 193u
Tex * N O See So Pao Co
Tex* Pao*lat gold 5a
2000
2d gold ino 5a
y2000
Lalliv B L lat g 5h
.1931
WMinWdsN W lstgu 5a’30
Tol * O C lat g 5s
1935
....
Reduced to gold 4 4a.. 1933 J-J
Registered
123 4 Jan’07
1234
J-J
stamped
1073, 10 ( Si
lOt
91 Si
92a4 Sale
109
Sale
110
114
9*0 ** *9*2* 92
115
114
92
90* 92
113
110
90
91 Si
92
90 Si
..
J-J
1921
1
High
Low
Feb’07
Ill
Aug’OO
1 i 4 Si Dec’04
119
Jan *06
104
Mar’oT
Since
January
90
J-J
A-O
J-J
W O * W lat cy gu 4a.. 1924
West N C lat oon a 6a..1914
S * N Ala
See L * N
92 4
Bt L * Cairo See Mob db Ohio
Bt L dfc Iron Mount See M P
Bt L K C A N See Wabash
Registered
1945
Hiuh
Sep ’06
Nov’06
Feb *07
Mar’o?
A'o
1044 Feb’07
118 Si
l’>4
J-J
M-S
J-J
J-J
J-J
J-J
M-S
J-J
J-J
J-J
J-J
Vft^HUa Mid aer C 6a...1916
Og See X Y Cem
See X Y Cent
ItLM Br See T BB A of Bt L
Bt Louis & San Francisco—
General gold 6s
1931
General gold 6s
1931
Bt L 6c S F BB cons g 4s..’96
Southw Dir 1st g 08..1947
Refunding g 4s
1961
6-year gold notes 4 hi.. 1U0>
StL Mdb So Eaatgu 44gl909
K C Ft S & hi cou g 68.. 192s
K C Ft S db M By ref g 4s 1936
KCdbM Bdb B lst gu 5s. 1921
Oz’rk db Cli C 1st gu 5s g.1913
Bt Louis So See Illinois Ceut
Bt L S W 1st g 4s bd ctta.1989
2d g 4s uic boud ctfs...pl989
Consol gold 4s...
1932
Gray’s Pt Ter lstgu g 5s 1947
Bt Paul * Dui See Nor Pacific
Bt Paul M * Mau 2d 6s...1999
lstoousol gold 6s
1933
1937
Bioh * Dan con g 6a....1915
Deb 5a stamped
1927
Rich * Meek lat g 4a...1948
So Car * Ga lat g 5a.... 1919
-
A 0
115
97 4 101
103 4 104
104
AO
A-O
M-N
J-J
2d 4a
1948
Atl * Yad 1st g guar 4s. 1949
Col * Greenv lat 6a
1916
E T Va* Ga Div g 5s.. 1930
Cou lat gold 5a
1956
E Ten reor lien g 5a
1938
3a
Ga Midland 1st
1946
Ga Pac By lat g 6a
1922
Knox * Ohio lat g 6a... 1925
mou* Bir prior lien g5a 1945
....
974 1004 J’ne’06
95
95 4
95 4 Sale
•
......
g.
Mem Div 1st g 44-58...1996
St Louis div lat g 4a
1951
Ala Ceu B lat g 6s
1918
194s
Atl * Dauv 1st g 4a
115
L15
....
j’ly ’97
95
\
....
Is
Tex&NOsabDivlst g6a.l9l2
Cou gold 5s
1943
0 Pac Bit 1st ref 4s
1955
Southern—1st con g 5a
1994
Registered
1994
Mob* Ohio coll tr g 4a.. 1938
....
Mar’06
120
98
So Pac Coast 1st gu
....
115 4 Mar’06
A-O
J-J
i()04
....
109
Apr’02
115
Jan’07
Nov’OO
Ld5
106 4 Sep’06
J-D
1st con guar g 5s
1937
S PacofN -VIex 1st g0s..l911
..
...
-
127
110
112
101
103 Si
J-J
6a...cl909j JT-J
-J
....
Last Sale
A-O
A-O
J-J
-S
*
Range or
Ask Low
Bid
Southern
High
Low
Low
119
J’ne’06 ....!
119
Apr’04
3d av’05
116
108 4 Oct* ’06
109 4 Feb’07
10941094
112 4 J ’ue*05
9s
1004 Mar’07
91
9L
91
Feb’07
Series I) 4s guar
K9 4
Senes £34 guar g
J-D
Series F 4s guar
C St L 6c P 1st con g os.1932 A-O •1164
Pensacola* Ati See L* Kush
Poo * East See C C O & Bt L
Peo M Pek Uu 1st g 6s
1921 Q-F
2u gold 44s
5».51921 M-N
Pere Marq—Oh* W M 5s 192.1 J-D
*
116
Flint* PM g6s
1920 A-O
lac consol gold 5s
1939 M-X *103
103
Pt Huron DlV 1st g 6s.1939 A-O
SagTus 6c H lstgu g 4s.1931 F-A
Rensselaer 6c
Kieh db Dan
Rich * Meek
Rio Or West
Booli * Pitta
Borne* Wat db
aq-e
Range
Week's
Price
FYidav
March 22
L K
N. Y. STOCK EXCHANGE
Wkrk Ending March 22
1274 Oct ’02
J-J
1a Registered
1997
Jersey Cent coll g 4s...1961
Since
-
triirT
j. j
rhli B & W See Penu KB
Pliiladfc Beading cons 7s.1911
Pitts Oui * St L See Penn Co
Pitta Cleve db Tol see B * O
Pitta Ft W db Cli See Penn Co
Pitta McKees & Y See N Y Ceu
Pitta Sh db L K 1st g 5s... 1940
1st consol gold 5s
1943
Pitta * West See B * o
ending Co gen g 4s
1997
s®
....
PCC*StLgU4 4sA...l940 A-O
Series B guar
Senes C guiir
BONDS
Range
Wee/fs
Range or
Last Sale
679
Record—Concluded—Page 4
New York Bond
~‘H
13
94
aDueJau
$?4
Ihi.N lib—Uonctimeti.
.IliacenuneoiiM
Adams Ex col tr g4a
1948 .VI-S
Am DK* Imp 6s
bee Cent N J
Am SS Co of W Vagus
1920 M-N
B’Ki’n FerryCo latcon.s g5a ’48 F-A
Chic .Jc * St Y'ard col g 5s. 1915
Det Al * Al id gr incomes.. 1911
Hoboken L dfc 1 gold 5s. ..1910
.Mad Sq Garden let g 5s..1919
Alan Bch HdsL gen g 4a.. 1940
AewuNe Ship dfc DD5sdl990
N Y Dock 50-yr 1 st g 4s.. 1951
Provident Loan Soc4 4s.l921
St Josepli Stk Yds 1st 4 4a. 1930
St L Ter Cupplea Stat’u * Prop
Co lstg 4 4» 5-20 year.. 191Y
S Yuba Wat Co cou g 6s.. 1923
Sp Val Wat
if S
Worka 1st 6a. 1906
Bed * Ref 1st s 1 g 6a.
&DueFeb d Due Apr *Due May
1931
1004 J’no’02
J-J
A-O
M-N
.M-N
Oct ’06
5u
Feb’02
|i*
101
lOL
loi
92
95
92
95
Sep’06
103
M-N
J -J
F-A
AI-S
J-J
41
101
7u
oil 184103
92 4
93
AIar’07
99
Alay’06
100 4 Sep ’05
J-D
J-J
112
M-S
113 4 J’ly’00
934 Sale
934
J’ly ’04
94
21
pDueJ’ue /iDueJ’ly jpDueN'ov JOution Sale
CHICAGO STOCK EXCHANGE—Stock
STOCKS— HIGHEST AMD LOWEST SALE DEICES
Saturday
March 16
Monday
Tuesday
Wednesday
Thursday
March 16
March 19
March 20
March 21
•150
*4
•13
20 Q
5
15
150
150
*4
5
15
*13
21
►
164
*4j4
83 Q
*23
*30
83 *4
26
*
•76
30 4
36 4
•20
07
25
514
*
123
72H
80 34
*20
25
6
6
514
514
130
127
70
....
*28
*94
20
*534
6114
6
51H:
130
...
128
70
81
•29
*94
*20
30V?
97
20
30
97
25
67a
51
*130
128
63
6
38 4
no
•i
*.67e
135
45
►
51
61
*1
6
-678
135
45
118
41
123 4
47
78 4
80
•50
•01
104
0
135
41
118
103
103
122 4124
*43
47
79:4
1144114:,4
►
113
70®,
114
iiT* i*i2*
93
106 4
63
*91
105
•IQ
*o
254
13b
8^
254
*57e
64
92
130
45
*128
•41
*1184
xl02 4 103
*119
----
123
45
79
26 4
1*6
84
26
47
79
113 V?
75
115
79
113
....
’
55
•904 92
104 4105 4
*994 il>6"
1%
8 >4
....
*45
79 4
75
115
6
135
45
102 V? 10j4
122
123
124
45 V?
*50
106
IV,
*576
6
130
*41
no
53
*9*934
13s
83b
25 Vi
92
93
136
136
93»<
•13s
83a
25
114
Last Sale ?o
►
114
Lasi Sale
Last Sale
*5j
55
'
BONDS
CHICAGO STOCK EXCH’GK
Wkkk Ending March 22
55
\
83s
\
26
28
Pries
Eanye
March 22
•
•••*•
•
.....,
......
■a
Last Sals
t
.
......
_
-
......
.
......
to all
* Bid
Jan
Jan 9
1
6
Jan
6
Jan 9
*1*8*6 129 Mar 21 14S4 Jan 11
48 4o
Mario 51
Feb 8
1154 Jan 2 118
Feb 13
*4*22 1024 Mario 108 Jan 3
348 119 4 Jan 24 126
Marl2
125 4434 Feb 1 5o7aFeb 9
Chicago bo
i 11 fit k
28^ J an
59
May
J’lyi 134 Feb
4 Mu; j 464 Mar
Jaii
54 4
6S4 Feb
93 4 Feb
30
J’ne
72 4 Not
Mar
85
28 4 Feb
68 4 Mar
25
Mm
23 4 J’ly60
May
8’» 4 Apr j 99
27
May' 354
97
Dec 1 102
23
Apr | 60
6
5L
115
ll78Jan
j’ly! 72 Jan
06
55
286
100
320
‘2,841
2,557
38u
Not
Jan
Not
Not
Deo
Feb
1134 J’ne
Oct
May 64, Feb
May
68>4 May 175
Feb
16 4 Feb
16
1
1
6
136
Mar,
Nov j
1
414 Sep
71*4
Mar
Jan
Feb
Feb
Jan
Jan
Feb
Jan
79 7e Feb
46
May
1 *4 May
80
Feb
884 Fly
93
-
7
165
Fly
48 4 1 )ec | 63
101
Apr .139
M ay 118
103
118
J’ne 1147
Jan 11
46
48
2 4 Jan 23
2 4
24 Jan 23
25
Feb 5
27
Mar 4
21
J’ne 23
1,046 77 Jan 4 86 Jan 14
62
May £9 4
Mario 1174 Jan 7 113 4 Jan 119
109 113
75
Mai 14 844 Jan 11
95
78
Jan
112
Mari 8 120
Jan 17 112
Dec 1224
P ColOO
Nov
Feb 130
128 4 Dee 136
54
Jan
81
Jan 112
17
3i 4
Feb
36
Jan
40
46:js Jan 31
53
92
.01
.34
99
1
6
25
J’ne
J’ne
Feb
J’nej
Sep
Feb
Mar
Deo
Oct
Mar
Mar
4 May
Mails 57
Jan 10
50
Aug 63 4 Deo
MarJO 95
Jan 26
92 4 Nov
99
Sep
Mar 14 1134 Jan 10 1014 Jan 119 4
Sep
Jan 24 149
Feb 7 115
May 152 q Jan
Marl6 1024 Jan 16
99 4 Dec 1004 Feb
Jan 2
14Feb2i
4 Dec
24 Jan
Jan 2
5 4 Dec
17 4 Jan
94 Feb 25
MarJO 30
Feb 14
28
Dec
42
Mar
22
294 J’ne
74 J’ly
44*4 Feb
144 Mar
14 4 Mar
34
204 Not
4*8 Oct
J’ly
••••••
..
t
.
*
r
nd
_
price a.
Outstand¬
NAME
for year
1907
ing
Stock t
Bankers National
Calumet National
Chicago City
Commercial National.
Continental N atlonal.
Cook Co State Savings
Corn Excliauge Nat...
Drexei State
Drovers Dep National
Englewood State
Federal National
First National
First Nat Englewood..
Foreman Bros B’k’g Co
Fort Dearborn Nat...
Hamilton National....
Hibernian B’k’g Asa’n
Kaspar state Bank.
Monroe National
Mutual Bank
Nat Bank of Republic
National City
National Live Stock...
North Ave State
North Side Stato Sav..
Oakland National....
Prairie National
Prairie State
Pullman Loan & Sav..
Railway Exchange....
South Chicago Savings
Security
state Bank of Chicago.
Stock Yards Savings..
Union Bank of Chicago
Union Stock Yds State
Amer Trust dfc Savga..
Central Trust Co of Ill
$2,000,000
100,006
500,006
02,066,666
118.317
2,101,49.
2,581,338
0,637
6
3,060,606
266,666
4,306,171
27,086
660,666
329,685
12
6
8
4,660,606
50,006
$ 1,217,874
32,96c
56,006
160,666
250,006
C500.006
300,666
256,666
260.606
306,606
1,060,606
250,666
206,600
260,600
3,060,000
2,000,000
500,000
200,000
8.8;H
31,674
06,596
57,673
235,956
8,559
57,183
70,286
964,483
141,613
37,673
42.769
1906
6
0
3
buaiu
12
10+16
ate Ba
6
16
Began
4
Orga
b
None
949,113
81,153
0,266
538,698
69,561
5+5
6
2,387,871
Deo
Q.J
’08,
’06,
’07,
’07.
'07,
’07,
’07.
’07,
J-J Jan
Q-J Jau
Q-J Jan
Q-J Jan
Q-J
g-J
1
%
J-J Dec
jan
Jan
Q-J Jan
Q-J Jan
;
2
6
»
3
J
;
1%
$
1%
’07. *
;s.Ti&
ess
uct
Q-J
J
nV
Jan
’07. 3
’07, It
Q-J Jan
F-A Feb
Q-J Jan
’07, I*
’07, 2*
’07, 2 1
an
Q-F
Feb
Jan
ess
Dec
Q* J
Jan
.
bus in
8, 1906
’07, l*e
’07, 1«»
Q-J Jau
H36 Q-J Jan ’07, 2«
8
Q-J Jan ’07, 2 '
bus in ess July 3, 1901
5
Q-J Jan ’07. I*
nizod uct
12, i960
8
Q-J Dec ’06, 1H
*1*96
Began May 1,
None
8
5 4
Last Paid
'07. i
’07, 4»»
6
Q-J Apr ’07, 2
bus in ess. 1- eb 5, 1907
12+3 Q-J Jan ’07, S >
3
0
6
8
8
Record
Per¬
iod
8
6
8
7
Q-J
Q-J
Q-J
5.
Jan
Jau
Jan
’07. 1*.
’07, 2
’07, 1*
n
1*0
6
714,536
250,0U0 Began liusin
® ©0 @
7,121,768
12 + 4
125
33,381
26,573
4,057,634
331,48U
1,719,515
44,133
-
12+4
a
„
.
.
.
e.ss
li
Feb 4. 1967
Feb ’07. 1
.
1
J’ly 31,1960
Jan
’07. IQ
Orga nized
Nov
12
6
8
Orga
46,122
12
6
8
nized
18,1905.
4
Q-J Jan ’07, t
Q-J Dec '06. 14
Q-J Jan ’07. 1
’
J’ly 38. 1906
,
9
1,000,000
1,000,000
200J) 00
6
292,558
18,653 Began
24,786
Q-J Apr ’07, 2*^
Q-J an ’07, 1»*
Olga nized
559,636
5,421
876,545
200,000
In
8
5
10
12
8
0
12
0
200,600
29.319
506,660
75,95s Began
12
8.000,000 6,787,313
10
100,006
139,546
Priv
566,006
618,233
6
1,606,006
360,145
506,606
171,371
8
1,060,606 1,055,773
260,606
79,241
5206,600
22,697
256,600
'69,934
6
2,000,006 1,15 J,471
1.566,606
366,066 Began
1,600,060 1,366,300 12+3
50,006 Began
266,6 JO
...
Royal Trust Co
In
1905
8
5
10
12
8
Chicago Sav Bk & Tr.. n 500,000
Citizens Trust & Sav..
60,006
Colonial Trust dfc Sav..
600,000
Drovers Trust & Sav..
200,000
First Trust dfc Savings k2,000,000
Harris Trust dfc Sav
1,250.000
Illinois Trust * Sav..
4,500 000
Jennings R E L & Tr,.
250, UUO
Kenwood Tr dfc Savings
200,000
Lake View Tr & Sav..
200,000
Merchants’ L’ndfcTr Co 3,000,000
Metropolitan Tr dfc Sar
750,000
Northern ’Trust Co....
1 £>00,600
Northwest Tr dfc Sav...
20 J,060
Peoples Trust dfc Sav..
200,600
Stockmen’s Trdfc Sav..
Union Trust Co
Western Trust dfc Sar.
W Side Tr A Sav Bk..
Woodlawn TrdfcSav Bk
Dividend
Surplus d
Pro/ltsf
6
8
Q-F Feb ’07. 2
Incor porate d M arch, 1905
0+1
Q-J Jan
busili
0
eae
Q-J
bep
Jan
Z
i°.7i a
’07. 1%
H Includes special dividend of 3016 paid Doc. 18, 1966.
t Jam 26, ’67 for National Banka
no sales wore made on this day.
X No prioe Friday; latest price thit week.
a Due Dec. 31.
Aiail l^i vidnnil nf 'tit
AOnf hni
/laolrmn,! and +/v Ka
talmrv
«oi»f
tint*
frvi»
stock.
and asked prices;
I Q (17 frrvm 4J
200
Jan
7 V Jan
8>
Oct |
25
Oct ;
65 4 Oct
1
2*6** Jan
...
paid Q-J, with extra payments Q-F.
50
160
184 Jan 3
.
__
t be added
40
Dec,
Dec
J34 J’ly
4
12
Jan
625
650
3
25 4 Jan 25
64 4 Jan 15
90
Jan 4
34
Jan 16
Jan 21
98
27
Janli
20
.......
are
Uiqhest
Sep
0
15
7
Feb 28
Feb 16
56
7 133
Feb 21
Marl 2 129
Feb 25
Liar20 80 4 Jan 14
Jail 25 109
Jan 7
JaD 2
Jan i
30
Feb 1
384 Feb 1
Jan 22 111
Feb 6
Mar 13 54
Jan 8
Feb27 165
Feb27
129
***60
4,331
100
1140
Jan 24
Jan 15
Jan 4
32 4 Jan 24
......
......
4:V Jac 25
48:V Mario
28
72
324 Jan 24
....
...
445
582
100
The Quaker Oats Co. 100
Eanye
So
or
.
......
**80
210
160
19
Western Stone
Mar 19
Jan 24
J an 2 4
5
15
Mining
Jan’07 Bingham Con Mining 50
....
B Dividends
Lowest
Marl4 464 Jan 2
434 Man-3,
534Jan 2
16 4 Jan 25 194 Jan 9
52
Mar22 65
Jan 16
834 Mai 19 87 Jan 17
270
27
100
Marl9 150
-Mar 12
Feb 26
24
Mar 1
65
Mar 7
38
Jan
4
25
Jail 7
59
Feb20
75
Marl4
30
Mar 8
96 4 Feb 220
Marly
100
com.
Nov’06 Black Mountain...
Mar’07 Daiy-West
Nov’06 Hubbard-Elliott
....
And Jan. 28,’1)7 for State institutions.
Hiqhest
Chicago Banks and Trust Companies
Weskls
Friday
50
4
14
15
2,509
100
9976
Do pret..
13s Unit’d Box Bd Jfc
84
Do pret
Bid
Ask Low
High No. Tamo High
Amer Biscuit 6s
1910 F-A
100
100
Amer Strawboard 1st 0s..1911 J-J * 994
ioo Mar’u?
Cass Ave dfc F G (St L)—
5s
1912 J-J *1004 Sale 1014
1 1014102
1014
duo Board of Trade 4s ...1927 J-D *100
101
Mar’06
Chic Consol Br dfc Mit 6s
J-J
103
Apr’04
Chic Consol Trac 44s
1939 J mU
0#
Jjcc Ub
Chic Edison—
Debent 6s
1913 J-J
100
101
1004 Nov’06
1st gold 5s
A1926 A-0 *100
101
101 'Jan’07
101
101
Chic Auditorium 1st 5s...1929 F-A
100
9634 J an ’<*6
Chic Dock Co 1st 4s
1929 A-0
98
Chic No Shore Elec 6s....1912 A-0
8?
Feb’06
Chic dfc MU Elec Ry 5s ....1919 J-J
Chic pneum Tool—
1st 5s
al921 J-J * 784 Sale
4J
78
784
77
81*4
Chic Rock I * Pac RR 48.2002 Al-N
79
Nov’04
Collat Trust g 5s
1913 .u-s
80
Apr *94
Commonwealth Elect—
6s
51943 M-S *100
Sale 100
100
4 100
1024
Illinois Tunnel 6s
1928 J -0
90
Dec’66
Kans City Ry dfc Lt Co 5s. 1913 «r-N
98
Jan'67
K nicker beker Ice 1st 58.1928 A-O
99 4 Nov’06
Lake street El—
1st 5s
90
1928 J-J
914 914 Feb’07
90
933*
Income 5s
1925 Feb * 81
82
16
May’05
Metr W Side El—
1st 4s
1938 F A
904 Sale
90
7
90
904
904
Extension g 4s
bale
1938 J-J * 81
81
21
81
6U34 85
Norcli Chio St 1st 5s
1909 J-J
90
Dec’U6
1st 5s
1916 J-J
Refunding g 4 4s
1931 A-0
79
Aug’06
No Chic City Ry 44s ...1927 M-N
75
Feb’O?
75
76
North West’n Ei—
1st 4s
1911 M-S
894 Sale
7
894
90
89\ 90 4
93 4 Sait
Ogden Gas 5s
1945 M-N
93 4
3
934
92
95
Pearsons-Taft 5s
1910 J-D
100 4 Mai’06
4*408
97
MS
97
97
2
97
97
4*60s Series E
98
M-N
90
Oct ’06
4-80s Senes F
99
M-5
99 4 Sep ’Ori
People’s Gas Ldfc C 1st 08.1943 A-0
118
Not’66
Refunding g 5s
1947 M-S
99 4 101
Mar’07
Chic Gas LtdfcC 1st 5s..1937 J-J
104 4 Mar’07
104 4 10434
Consumers’ Gas 1st 5s..1930 J-D 101
lOi
161
A
101
102
Mutual Fuel Gas 1st 6s. 1947 M-N
103 4 Feb’66
South Side Kiev 4 4s
98
1924 J-J
99 4 98
98
7
93
1004
Swift dfc Co 1st g os
luu
101
1914 J-J
100
Mar‘07
100
102 4
Union El (Loop) 5s
1945 A-O t
98
99
Jan'67
99
99
Union Pacific uonv 4s ....1911 M-N
114
Nov’04
United Box Board 6a
63
70
69
69
6
69
75
West Clue St 1st os
1928 M-N
95
95
Dec’66
Tunnel 1st 5s
1909 F-A
684 Sep ’05
Debent 6s
1914 J-D
72 4 Dec’06
Consol g os
72
Jan’07
72
1936 M-n *
70
754
West Div City Ry 4 4s.. 1932 J-J
87
Deo’UO
West’rn Stone Co os
1909 A-0
964 Jan '06
Note.—Accrued interest mus
Sears Roebuck
Ho
92*4
pret
lOo3, Swift & Co
140
9 9.34
13fc
Sale
Sa Le
Sale
Sale
Shipbldg
May’05 Page Wo Wire Fence.,
J’ly’06 People’s Gas L<fc C’kelOO
1
*24
100
100
100
.
140
99a4
1*4
B3*
Amer
Bond Record
?!
$$
Lowest
100
Mar 07
Do pret
Jan’07 Amer Straw Board
Mar’07 Booth (Ay & Co
100
Feb’07
Do pret
100
Mar‘07 Cat & Clue Canal Jfc D100
Mar’o7 Central Trust Dank. .100
Mar’00 Chicago Auditorium..
1
Chic Brew’gdfc Malt’g
Jan’07
Do pref
130
:CIuc Edison
100
45
Iciuc Pneumatic Tool. 100
Mar’07 Clue Telephone
100
s
104:4 Clue Title & Trust... 100
a
123 4 Diamond Match
100
47
Illinois Brick
100
Nov’06 Knickerbocker Ice...100
Feb’06
Do pret
100
Jan’OV Masonic Temple .......
Jan ’07 Miitfe Chic
Brew’g.....
Jan’07
Do pref
2
79 4 National Biscuit
100
■t
114 4
Do pret
100
Mar’07 National Carbon
100
114
Do pref
100
1063s 105 4
138
100
100
Mar’u? Anier Railiator
128
Do pret
—
1
9934
1\
8^
25
.
924
Last
Last
Last
Last
’0
190?
100
Miscellaneous
53-i American Can
514
Do
pret
2
79
*014
105*4 105 Vi
14
8*.
25 V?
51
78 Vi
pret.
South Sine Elev
100
streetsW Stable C L 100
Feb’07
Do
100
pret
27
West Chic street
100
127
66
38
Uo
82
30
4
127
66
Last Salt 106
Last Salt 30
Last Saie\3Sh
Last Sale
Last salt
Last Sale
Last Sale
*1
14
Last Sale
129
129
*42
45
La8t Sale
103 4104
123
123
*45
47
Last Sale
Last Sale
Last Sale
Last Salt
Last Sale
128
68
*1
1
113s4
75
110
"eo" iod*
1
14
leb’OGJ
Last Sale 131
'35
•36
*106
*4o
38 i
103
ih
102*4 102 4
123
•45
*37
105
! Eanye lor Previous
Year(1906)
Eanye lor Tear
Sales
the
Week
Shares
01
150
Chic City Ry
100
Mar‘07 Chic <fc Oak. Park
100
Feb’07
Do
100
pret/.
17
Chicago Subway
100
Mar‘07 Chic Union Tract.... 100
Jan ’07
Bo
pref
100
53
Ivans City iiy <fc Lt ..100
84
Do
pref
100
Mar’o? Metropoi W S Kiev.. 100
65
Do
pret
100
Jan
’u7j North Clue Street....100
Jail’0,1 North western Elev„100
5 7e
57a
106
•37
*106
k
40
00
77
•
•130
*127
•70
07 4
*3U
Friday
March 22
Last Sate
Last Sate
16 V2 17
Last Sale
Last Sa le
53
53
84
84
Last Sale
65
65
Last Sate
Last Sate
Last Sate
*79
80
*29
30
Last Sale 97
*22
28
27
18
5 4
'
STOCKS
CHICAGO STOCK
EXCHANGE
ttniiroads
'53** ’*5*5*'
54 4
85 Hr
•83‘a
Record—Daily, Weekly and Yearly
a
mil*
n rv
an
norrnv
new
Volume of Business at
Stock Exchanges
Week
Stocks
ending
March 22
19b 7
Bonds
So
Franklin
100
1!Gold A Stock
10(
Hudson
1,116,812
1,364,2 77
902,809
639,4 68
118,097,350
7 8,1)5 9,200
56,300,800
913,271
82,211,100
$5,000
25,000
$419,000
$1,507,500
$80,405,550
97,709.325
2.411.500
1.840.500
193.500
134.500
1.402.500
218,000
1,512,000
1.590.500
81,500
158.500
111
114
75
95
25
HSouthern A Atlantic 25
55
115
68
112*3
118
83
100
Ferry Companies
X
Brooklyn Ferry stocklOO
BA NY 1st 6s 1911. J-J 4 98
60
70
N Y A E R Ferry stk. 100
75
1st 5s 1922
M-N
105
N Y A Hob con 5s’46.J-l> 4100
106
Hob Fy 1st 5s 1946 M-N 4103
Hew York Stock
Stocks—No. shares
Par vaiue
Bank shares, par—
75,041,926
64.618,509
3,621,498
6,840,090
$511,783,325 $315,792.30u $5,459,400,085 $6,799,796,450
$149,400
$117,200
$2,200
$2,000
BOKDS
10,264.500
Total bonds....
$11,499,500
$524,600
1.477.500
9.227.500
$213,000
14,282,000
108.120.500
25,298,150
176,128,600
$10,709,500
$122,615,600
$201,951,350
$4,500
$30,000
1,205,000
Government bonds
State bonds
EH. and mis. bonds
DAILY
1906
1907
1906
1907
Exchange
22
January 1 to Marh
ending March 22
Week
Sales at
$30,000
$10,264,500 $1,205,000
TRANSACTIONS AT THE
BOSTON AND PHILADELPHIA
EXCHANGES
March 22
iyoi
Listed
shares
Listed
shares
Bond
sales
Unlisted
shares
1*0,279
16,865
26.92 4
19,000
23,645
13,205
10,125
17,300
101,300
72,500
36,200
58,600
44,900
$110,500
190,151
96,843
$355,800
25,701
226.160
83.563
27,805
26,256
$42,300
13,350
33.558
30,826
66,625
$7,500
32,000
19.500
48,196
47.846
Bond
sales
Unlisted
shares
22,292
14,688
20.382
22.186
10,025
9,728
11,554
50,556
Saturday
Monday
Tuesday
Wednesday..
Thursday
Friday
Total
Philadelphia
Boston
Week ending
17,000
15.500
Outside Securities
A Weekly
Review of
Outside Market will be found on a
Street Railways
Bid
Ask
NEW YORK CITY
Bleeck St A Ful F stk lOt
Hist mart 4s 1950 „J-J
IB’y A 7th Ave stk — 10o
U2d mort 6s 1914 ...J-J
30
85
215
luo
Bee Stock Exch
100
B’way Surf 1st 5s gu 1924
tOent’l Croset’u stk;.100 250
Con 5s 1943
IJlstM 68 1922 ...M-N
ACenPkN A ER stk.100
flChr’t’r A 10th St stk 100
Coldfc 9th Ave 5s See Stock
Dry D E B A B—
at gold 5s 1932...J-D
Scrip 5s 1914——F-A
lglitli Avenue stk —lOu
1[Scrip 6s 1914
F-A
2d StM
A StN stk..
Av.,100
142d
A GrStF’y
100
Hist
6s 1910
111
176
160
Exch
100
94
340
100
360
60
32
90
230
104
list
106
300
115
190
170
list
106
97
375
400
70
100
105
72
67
cha’ge list
mort
.M-s
H2d income 6a 1915 J-J
Inter-Met—See Stock Ex
Lex Av A Pav F5s see St k Exc list
9695
Metropol street Ky. 100
180
Ninth Avenue stock. 100 160
195
Second Avenue stocklOO 185
102
list mort 5s 1909 M-N 4100
no
Consol 5s 194S
F-A 5105
172
160
HSlxth Avenue stock 100
104
8ou Boulev 5s 1945..J-J 5100
106
So Fer 1st 5s 1919.— A-O 5
List
Third Avenue see Stock Exch
105
Tarry W 1 & M 5s 192b 4100
102
YkeraStKR 5s 1946A-U 5100
107
28th A 29th Sts 1st 6s ’90 4102
400
370
preceding page.
Street Railways
Bid
Pub Serv Corp N J (Con)
J C Hob A Patersonluu
4s g 1949
M-N
So J Gas El & Trac 100
Gu g 5s 1953
M-S
No Hud Co Ry Os’14 J-J
5s 1928
J-J
M-N
Ext 5s 1924
Pat City con 6s '31. J-D
2d Os.. ..1914 opt A-O
So Side El (Chic)
See C
xVY&NJ 2(1 5s 1946.J-J 4100
30
10th A 23d Sts Ferry 100
77
1st mort 5s 1919—.J-D
25
HUnion Ferry stock .100
90
1.11st 5s 1920
M-N
Short Term Notes
4
4
4
4
KuttRochAPg4 4s’09F-A 4
Cent Cross n gu5sMay’09 4
Chic A Alt 5s 1912... J-J 4
Cli R 1 A Pao 4 4s’07. J- J 4
A-O 4
4*a8i90S
Chic A W Ind 6s’10FAA 4
Ciu Ham AD4‘-2S’08.M-S
Interb R T g 4s 1908 M-N 4
58 Mch 1910
M-S 4
Kan C So g5s Apr’12 J- J 4
LaokSteel g 5s j909 ..M-S 4
Am Cig ser A 4s ’ 11. M- S
Ser B 4s Moll 15’12.M-S
Am Tel A Tel g 5s ’10 J-J
Atlan Coast Las’ lO.M-.^
5s g 1910
M-S
Lake Sh A M So 5s’lo F-A
Lou A Nash g 5s ’10.M-S
Mich Cent 5s 1910
F-A
Minn A St Lg 5s’ll — F-A
10
Mo Pac 5s Feb
’08. F-A
Nat of Mex 5s’o7.opt A-O
N Y Cent 5s 1910.... F-A
Penn Cogu4**s 1907 M-N
fa HR 5s Mar 15 ’10.M-S
StL A S F g4Sj’08— J-D
South’n coLl tr 6 s ’09. A-O
South Ry g 58 1910- F-A
Tidewater Con Co 6sl9ou
U S Rubberg5s’08—M-S
Ask
68
no
97
4105
4103
4100
4110
5100
hicagu
4104
4100
4
70
115
99
104
list
106
Syracuse Rap Tr 6s 1946
102
Trent P A H 5s 1943J-D
United Rys of StL—
36** 36 **
Com vot tr ctfs
100
74
70
1] Preferred
100 Exch list
Gen 4s 1934—— SseStk
Exch list
U nitRysSan Fran $’««Stk
Wash Ry & El Co.... 100
Preferred
100
4s 1951
J-D
35Hi
'
1j West Chicago St ....100
IjCon g 5s 1936....M-N
36**
80
81
83
22
84**
28
72
Gas Securities
NEW YORK
Cent Un Gas 5s
Con Gas (N Y)
g’27.JAJ 5 99
102
pref. 100
Deposited stock
Undeposited stock
Ill.C.stk.tr. cfs.ser.A’62
Seaboard Air Line—
Coll 5s extMay ’ll .M-S
Seaboard Co
See Balt
See St
Exc h list
k
100
160
180
Preferred
Electric Vehicle
Preferred
100
100
100
100
Empire Steel
100
raectnc Boat
5s 1938
A-O
108**
LynnA Bos 1st 6s ’24.J-D 5107
27*4 26
1IO A IndCNatA 111.100
UNew Orl Rys A Lgt. 100
1st 6s 1926
J-D
76*4 76\
U Preferred
100
1[Gen M g 4 *38 ’35
See Stk E x list Pat A Pas Gas & EleolOO
list
North Chic Street See C hicago
11 Cong 6s 1949..-M-S
96
St Joseph Gas 5s 1937.J-J
Pub Serv Corp of N J100
66
64
Tr ctfs 2% to 6% perpet
Electric Companies
Coll 6s g notes ’09 M-N 4 92 H 93 •*
40
Chicago Edison Co See C
North J ersey St Ry 100
75
IlKingsCo El LAP Co 100
1st 4s 1948
M-N 4 73
74
72
Narragan (Prov) El Co 50
Cons Trac of N J...100
106
NY & Q El L APowColOU
1st 5s 1933
J-D 4103
100
Preferred
111
New’k Pas Ry 5s’30J-J 5108
UnitedElectrioof N J100
Rapid Tran St Ry..l00 245
4s
1949
J-D
,
1st 5s 1921
A-O 5105
106
4 Buyer pays
accr’d int. tPncepersh. tSaie price.
29
65
5100
4 84
35*
70
102
88*2
hicago list
122
tx9o
60
70
4
*67
126
99
70
80
75
69
10*'
12
10
51
55
85
75
102
100
24
16
24
14
10
10
Greene Consol Gold...
82
30
91
Greene Gold-Silver
17I
*235
GuggenlieimExplo’n. 100
Hackensack Water Co
—
92
Kef g 4s 52 op 12...J-J
100
93*3 Hall Signal Co
92 ** Havana Tobacco C0..IO0
96*4
963«
97 *3
99
Preferred
lOo
1st g 5s June 1 ’22. J-D
Hecker-Jones-JewT Mill
1st 6s 1922
M-s
90
114
22
63
100
105
14
40
98s* Her’g-Hall-Mar.new.lOO
200
99*% Hoboken Land A ImplOo
H6s 1910
M-N 5100
98*3
6
100
98 7e Houston Oil
Preferred
Hudson Realty
loo
Preferred
lOo
International Salt.... 100,
1st g 5. 1951
A-O
99*3
International Silver. lOo
99
Preferred
100
99*i»
J-D
1st 6s 1948
977b
96*4 Lackawanna Steel... 10b
Lanston Monotype
20 t
99
98
99
95
Lawyers Mort Co
100
l()3
74
40
120
60
90
126
7
22*.
69
110
84
13
60
8
62
107
60
50
135
135
8
234
70
115
88
16
60
15
70
109
60
H4
124
202**
52
130
98
125
•
28
70
33
74
IINew Central Coal ....20
N J Ter Dock A Imp. 100
80
88
N Y Biscuit 6s 1911.M-S
N Y Mtge A Security. 100
100
list
1|New York Dock ....100
11 Preferred
loo
N Y Transportation...2u
190
Nipissing Mines
^Ontario Silver
Excli
Abmeek Mining
25
Alliance Realty
100
Allis Chalmers" Co 1st m
77
s f os ’36opt’16 wi. J-J }
American Book
lOu 160
150
10u
American Brass
100 185
Cbesebrough M’fg Co 100 410
Chic Pneum Tool. See Ch icago
95
City Investing Co.... lou
HClatiin (H B) com.... 100 104
3D
Niles-Bem-Pond com. 100
Industrial and lUiscel
Century Realty
*102
13
33
5
Douglas Copper
Preferred
125
80
10
IILouisv St5s 1930..J&J 4109**
ps4
Dominion Copper(new)lu
175
160
11 American Can see Stoc k Ex list
New Amsterdam Gae¬
175
185
100
American Chicle Co.. 100
ls! consol 68 1948..J-J 4 95
99
103
100
106
Preferred
NYAERGas 1st 5s’44J-J 4100
40
43
102
Am Graphoplio com.. 100
Consol os 1945
J-J 4 97
80
83
Preferred
lOu
40
30
N Y & Richmond Gas. 100
114
118
102
Amer Hardware
10b
Nor Un 1st 6s 1927.M-N 4 99
luO
104
100
Am Malting6s 1914.J-D
75
^Standard
Gas
..100
com
90
UTwenty-Th’d St stk loo
100
1 20
Amer Press Assoc’n.lou
106
Ti Preferred
100 100
Union Kyist5s 1942 F-A 4100
1
3
Am Soda Foun com..100
108
105
1st 6s 1930
M-N 104
Westcliest 1st 6s ’43 J -J 4100
40
1st preferred
100
OTHER CITIES
BROOKLYN
5
10
2d preferred
104
100
100
Amer Light & Tract. 100
Atlan Ave 6s 1909..A-O 4 98
96
93
Am St Found 6s’35 AAO 4 93
91
Preferred
100
Con 6s g 1931
A-O 4103
American
Surety
5u 187** 195
7ie
99
Bay State Gas
50
B B & W E os 1933..A-O
5
4*4
100
American Thread pref..6 \
210
205
Binghamton Gas 5s 1938 5 95
330
Brooklyn City stock...
AmTobac (new) com loo 300
Brooklyn Union Gas deb
Con os
See Stock Excli list
Excb
list
120
Pref, 4s, 6s
See Stock
98
6s 1909 conv ’07...M-S no
BklnCrosstn 6s 1908.J-J
39
42
6
7*3 Am TypefoTs com...100
107
103
Buffalo City Gas stocklOO
Bkn Hgts 1st 5s 1941 A-O
95
100
Preterred
100
list
Exch
1st 5s 1947
Exoli list
See
Stock
2
BklnQCoASnb See Stk
3
Amer Writing Paper. 100
Exoh list
Con Gas of N J 5s ’36 J -J 4 86
20
22
Bfclyn Kap Tran See Stk
Preferreu
loo
210
170
Consumers’ L H & Pow
81
82*3
HConey Is. A Bklyu ..loo
1 st sf g 08 ’19 op ’09. J - J
93
90
5s 1938
J-D 4102
1st cons g 4s 1948..J-J
68
72
HBarney A Sm Car ... 1 ou
Elizabeth Gas Lt Co..100 275
104
Brk CAN 5s 1939.J-J
1126
124
120
IjPreferred
loo
102
Essex & Hudson Gas 100
Gr’pt ALoriiner St 1st 6s
14*%
47
40
UBethl’m Steel Corp .100 11
list
Fort Wayne 6s 1925. .J-J
45
Kings C.E1—4s See Stock Exclt
60
52
56
IjPreferred
loo
75
65
Gas
&
El
Bergen
Co..
100
Elec
Nassau
pref
100
1 st ext 5s—See Stk Ex chang e list
103
Gr Rap G 1st 5s ’15 F-A 4102
6s 1944
A-O 1U4
135
145
Bliss Company corn
111
5u
100 109
1st 4s 1951
See St k Ext h list Hudson Co Gas
134 <
Preferred
5o 130
99
Indiana Nat A 111 Gas—
N Wb’gA Flat lstex4*3s
375
Bond A Mtg Guar....100
20
25
L13
1st
6s
1908
M-N
5110
Steinway 1st 6s 1922.J-J
175
Borden’s CondMilk.. 100 165
70
Indianapolis Gas
50
OTHER CITIES
110
Preferred
10U 107
1st g 6s 1952
A-O 4 98 100
Buffalo Street Ry—
8
74
British Col Copper
100
5 t
111
Jackson Gas 5s g ’37.A-O 4 95
1st consol 5s 1931..F-A 4109
30
30 *b
Butte Coalition Min.. 15
60
Kansas City Gas
100
Deb 6s 1917
A.O 4105
2
5
Casein Co of Am com.. 10b
99
II Laclede Gas
100
Chicago City Ky
See C hicago list
70
80
Preferred
lot'
94
90
100
x
102*q
1] Preferred
100
Columbus (O) St Ry..l00
140
50
44
Casualty Co of Amer. 10 0 125
109
100 107
Laiay’eGaslst 6s’24.M-N
Preferred
140
100 130
37** Celluloid Co
LogAWabVlst6s’25.J-D
Oolum Ry con os See Ph Lla list
12
16
Cent Fireworks com. 100
Madison Gas 6s 1926.A-O 4106** no
Crosst’wn lst5s’33.J-D 5
70
65
Preferred.
100
133
67
60
Newark Gas 6s 1944.Q-J 4129
Grand Rapids Ky....l00
234
2*4
Central Foundry
91
100
89
87
84
Newark Consol Gas..100
Preferred
100
11** 14
Preferred
100
106
104
list
IjCon g 5s 1948
J-D
Lake St (Chic) El
See C hicago
71
73
Deb 6s 1919 op ’01M-N
111** No Hudson L H & Pow—
1lMutual Gas
71
70
907* HLeh A Wilkesb Coal.50
140
98°s Lord A Taylor
100
102
Preferred
loo
99 «b
97
IjLorillard (P) pref ...100 Stk E x135
list
Macksy Companies See
15
25
Madison So Garden..100
76
2d 6s 1919
M-N
4
5
1
3
HMankatt Beach Co. 100
34
Manhattan Transit....20
34
1
3
13
17
Mex Nat Construe.ptlOO
90
100
4
14
Mitchell Mining
60
10
68
7
5
Monougahela K Coal..50
10
23
24**
50
Preferred
1634 17*3
95
100
75
Mortgage Bond Co... 100
98
102
Stk E r list Nat Bank ot Cuba....lOo
165
175
National Surety
100
t
14
144
Nevada Cons’d Copper.5
106
4105
34
4
t
Nev-Utah
Min A sm.li
100
137*-
Prior lien g 4 4s’30M AS
Con ratg g 5s 1930.JAJ
Income os 1930
Chic Subway
100
Ft W A Deh Cy s-td-100
Northeu
Ore
Great
see
N Y N H A Hartford—
Con deb 3 4s 1956. J A J
Nortn’n Securities Stubs
Pitts Bess A L E
50 t
Preferred
50 t
H Railroad Securities Co.-
*94
100
9634
96^ TIngersoll-liand com. 10b
95S H Preferred
.lOu
97*4 InternatTBankingColOo
96*3 Int’n’i Merc Marine. 10U
Preferred
100
99
Col tr d 4 4'22op’07A-O
97*V
InternatT
Nickel—loo
98*3
95 **
11
list
1123
96^
96
94*4
96*>,
A sk
1,‘Crucible Steel
loo
IjPreferred
lOo
1] Diamond Matcli Co.loo
81
...
Chic Peo A St L
8
Excli
74
4 98^
4 97*s
4 98*4
4 97
4 98*2
4 98*2
4 98 34
4 99
4 97o*
4 95
4 98
4 94**
4 987e
4 98
Westingh El A M 68.1907 4 99*4
Wheel’g A L E 5s ’08-F-A 4 96*a
Railroad
35
i
4
92
91
96
964
96 **
98
98
99
98 *>
98 4
Bui
BatteryiOu
Corn Prod Kef Se? Stock
Cramps’ ShAEn Bldg loo
UFederalSugar.com.-. 100
H Preferred
100
IlGeneral Chemical ..100
loo
1i Preferred
Gobi Hill Copper
1
Greene Cananea(w i).2o
Greene Con Copper... 10
.
5,840,090 $511,783,325
Total
lnriuMirini ami llwcei
Cons Storage
140
RiverTeleph 100
Pacific A Atlantic
903,453
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
ASK
75
125
113
75
45
108
11N Y A N J Teleph... i 00
HNorthwestern Teleg. 5<
Par value
Shares
Bi(t
(N Y).25
Emp A Bay State Tel 100
V S
Bonds
State
Bonds
Railroad <tc
Telegr tk Telephone
IjAmerTeleg A Cable lOu
ijceutraiA So Amer. 10<
Comiuer Un Tel
EXCHANGE
TRANSACTIONS AT THE .NEW YORK STOCK
DAILY, WEEKLY AND YEARLY
681
CHRONICLE.
THE
1907.]
Mai?. 2.3
195
430
5
100
35
85
Otis Elevator com....100
Preterred
loo
Phoenix Securities
Pittsburg Brewing....50 t
50 f
Preferred
Pittsburg Coal See Stock
Pope Manufacturing. 100
1st preferred
100
......
30
60
Exch
95
150
101
250
Realty Assoc (Jiklyn)luo
Royal Bak Powd pref. 100
Safety Car Heat A Lt 100
Seneca Mining
25
Siuger Mfg (Jo
100
Standard Cordage.... 100
1stM.g.5s.’3l red.. A.O
AdJust.M.5s. Apr 1,193 1
80
5U3
5
46
7
45
120
6
Standard CouplercomlOO
Preferred
loo
Standard Milling Co. 100
26
Preferred
loo
75
M N
1st 5s 1930
Standard Oil of N J —loo 507
Swift A Co See Boston St k Exc
1st 6s 1910-1914.-J-J 5102
74
Pacific Coal
100
A-O 5104
1st 6s 1908
Title Ins Co of N Y..10O
160
tpali Min (Nevada). 1 t
164
....100
14
92
35
Union Copper
lu
Union Typewr com.. 100
1st preferred
100
2d preferred
100
8a
117
118
Trenton Potteries com
Preferred
new
100
United Bk Note Corp..50
Preferred
5u
UniteddgarMfg.,pf.lOO
United Copper
100
Preferred
100
U. S. Casualty
100
U S Envelope com... 100
H Pref erred
100
U S Steel CorporationCol tr sf 68 ’51 opt ’ll ..
40
35
190
39
80
4
115
12 4
6
45
90
t
Jl
51
list
2
60
lU >*
13
98
102
2d preferred
loo
Pratt A Whitn pref.. 100
Public Serv Corp of Vi
1st mg os J my 1936opt
IJTexas A
••*«
97
165
iu5
270
100
52<»
74
61
11
55
130
9
30
79
508
'
,
-!
•:
h’ge
lo6
85
170**
164
17
100
45
*4
90
122
122
55
60
52** 54
89
92
64 4 65
80
90
225
40
99
4107
no
Coltrs f5s ’51 not opt— 5112*3
100
U STit GuA Indem.100
Utah Copper Co. See S tk Ex list
110
60
49*3
raterbury Co, com.. 100
93
Hist preferred
100
10 1*4 1024
Preferred
100
93
1l2d preferred
100
Westchester
A Bronx
74
t75
Col A Hock Coal A1 pf 100
1724
Title A Mort Guar. 100 165
1st g 5s 1917
J-J 4 82*3 85
26\ 27
101 *3
97
Col tr 6s Oct 1956 „J-J
Westingh Air Brake..60 ♦ 150** 151
55
50
Consolid Car Heating 100
Cl
XL
1Cr* u-StkE x 11 t
4*3
3*3
Cons Ry LtgA Ref rig. 100
“s
4
6
4
Consol Rubber Tire.. 100
1*4
.10
24
Preferred.
30
20
Preferred
100
110
118
40
44
Debenture 4s 1951 AAO
aKx-nghts.xEx-div. tNewstook.
list
100
......
nir,w,4-
ou Sc’k Exch., bat
not a very active aeoority.
;
1
:
i
BOSTON STOCK EXG54N jS— Stock Rsiord. Daily, Weekly and
Share Prices—Not Per Centum Prices
j
J
7 ve*< tan
Monday
March 18 i
March 19
Wetintsaav
March 20
i
93®fc
>93ri8
*96*4
233
234
144*2 146
*
230
153
153
165
300
*
300
23
25
110
8y
17
64
17
64
*
115
278
278
130
131
25
198*4 198*4
*
*
vf>
23 *2
lrida<i
i
115
131
109
'86
131
110
ft 8
179*2 180
198*4 198*4
225
198
193
88
17
64
*20'2
17
»i4
21*5
92
92
97
8 890 7f
96
96
233
,237
233
114
145
145
145
hast Sate 230
Mar’07
155
155
155
155
Last Sa It 165
Feb ’07
97
235
24
'23
I,a81 Salt
131
111
71
198*4
131
113
*130
114
114
Mar’07
Last Sale 197^
Feb’07
17
17
14*y
16
62
63
57
5634
Last Saif 19*i
Mar’O?
178
17334 179
179*4
Last sale 15912 Jan '07
La si Saif 88
225
198
86r
4t
15221
241
..
Fitchburg pref
Ga
......
27
6-
10(
Ry & Electric.... 100
Do
101
611
1,750
IOC
nref
Maine Central
10(
Mass Electric Cos. ...100
Do
pref
100
Mexican Central
100
N Y N H & Hart....100
Northern N H
100
740
1,625
703
21
196*4 196*4
196*4
196 V Old Colony
ICO
Jan *07
Jan ’07
Do
pref
100
♦
40
40
40
40
40
Rutland pref
100
*
♦
*
*90
90
90
90
90
90
90
90
Seattle
Electric
100
*
*
♦
97
97
97
97
97
97
97
97
97
Do
pref
100
137
144
13734 140
13134 13434 13334 137
13534 137** 136
136
Union Pacific
100
‘86*2 86*2 '85*2 86*2 •86*2 87*2 *87*2 88*2 Last Sate 88
Mar’07
Do
pref
100
170
170
Vermont #fc Mass
100
*92
93
92 *2 93
•92
93
*9 2
93
92 H»
92*2 93
92 Hz West End St
XX 50
*
106
100\ 106
107
106
107
♦106
lu7
*106
107
106*2
Do
107*2
pref
50
Last Sale 17**
Mar’07
Last Sa l e 2?8i
Oct ’06
Do
pref
1OO
84
Last Sale 52
Last Sa le 56
Last Sale 60
2134
90
90
7 *2
8
21
22
122
123
125
128
120
122
*28
30
96
97
*3*2
3*4
*107 *2 109
2134
91 '
7*2
21
'
91
8
22
87
12134 12334
8
21*2
734
20
12034 122*6
124
125*4
120 *2 1 23 *2
28
30
96
96:*<
122
*122
122
122
119 4 121
28
28
96*4
*
*
3*2
*107*2 108*2
*7*4
8
214
214
147
147H,
68
69*2
83
83*2
*
*3*2
*
*
213
4
54
88
118
118
*
10
162*2
161
1L
106
*10*2
22
*26
106
*
27*2
*
3
109
108
67*4
27*2
37*2
26
*
108
59
28
68
28
39*4
*28
9634
3*2
9634
*
♦
8
216
142
*730
68*2
83
2u9
4
64
10
*
28
28
36*4
37*2
99
10
162
10*2
10*2
106
22
'26
27*2
3
lu7 *2 108
£58
60
*2/*2 28
36;V 37*t
100*6
9934
993,
6
6
6
6
*75
77
*75
6
77
72
74
0*2
72
4
4
60
4
4
69
94
97*4
38*2 42
6666 7e
8
8*2
1*2
16*2 17
21*2 22 H
*70
25*4
29
168
876
37
•41
82*2
17
•VH
20 7e
23
17
6
*1
12*2
16*2
80
30*2
169
885
36*2
•49
82
16
2*4
2h
21
•99
13*4
48*2
1*2
60»4
734
4
19
115
427g
25 '
66*4
10
65*2
44
61
8*<
9
165
134
140
25
*
40
38
41
40
40*2
63*2
61*4
8*2
l*v
8
8:V
7 *b
03\ ^4 *2
40*2
62 7s
l
1 Hz
8
1*-.
15
16*4
2l
27 *g
25*4
3 i 34
169
900
30*2
*62
29 *4
163
885
36
•50
7954
16 *2
23*2
19
6 *2
-99
85
13<
15 *2
9 la4
1*4
13«
16 *2
95
1*4
61*4
146
24*2
26
30*2
-50
17*4
*2*4
234
20*4
13 L
25 *4
2034
18*2
22
1«J4
6
•99
12»4
16
83
16 *s
83
16
88
1*4
47
137 *2
23*2
2
2
2
124
115
119
4
1934
122
4 27g
26*-!
*4
19*4
120
120
21
65*4
6634
10*4
io
55
43*2
69
8
9 *2
10
57
44*2
4434
63
61
62 *2
8 >*2
o*^
165
2
834
lo
170
2
•98
16
83
'
22*2
18*2
6 *2
13
16
83
134
16
91
J76
16
93
1*4
49*a
*135
1*4
61
140
24*4
24*4
2
2
118
118
7 *2
734
24*4
4
19*4
117
22*2
04;v
24*v
06
66
9'«
55 *2
y 7f
4334
44
61
60*2
ft *4
8*2
9 *v
160
170
134
134
9 *2
56
44
6 l Hi
8 *2
9 *2
161 *4 165
Before pay’tofassess’tsculediu LOJ1.
234
-93
12=«
4
26
68
10*4
66*4
44*4
18*4
6*4
19
115
24*2
67*2
22
4
4276
10
56
2
112
•2*4
19
116
42*«
66*4
9
10
165
4
18*4
734
»3
16*4
20
20*2
♦13 L
136
24 *2 25
23 Hz
2
36*2
V
1
100
Trnn
<4t
134
•
134
59H. Mass’cliusettsGasCoslOO
83
j
56
J an 23
40
Mar 16
Mario
MarlS
Mar 14
Marli
90
97
125
88
4 165
69 90*2
98 106
17 3*
.Mar
7
Jan 18
MarlG
Mar 13
Jan 1 6
1G34
21
1 *8
Do
nref
100
Mergentlialer Lino.. 100
60
50
Jan 15 147
26*2
1U34
30
164
880
165
830
06*8
•42
62
82*2
16 *4
83*2
16 *4
7« Anaconda
8
Arcadian
l H< Arnold
21^ Mar 8
Feb
26
Jan
J’ly
ft
85
51ar?l 95
Feb 7
6 Hz Mar 14
143, Jan 8
607 20
Marli 33
Jan 8
3,401 117 Hz Marl4 137*4 Febil
299 120 Hz .Marl4 131 a4 J an It.
2,481 xll734 Marl 5 134 *2 Jan 2
340 25
MarJ5 36 Hz Jail 7
SiO 95 Hz .Mar 14 102 *2 Jan 8
3 Hz Marl3
4
.iau 15
35 107 " Mar2 2 116
Jan 10
251
18 *q .ia.li 31
25
Felt 19
7
Mar 7
21
9 *4 J an 8
250 213 Marls 23o
Jan 7
297 rl3U’4 Mar!4 162
Jan 24
2,950 x >5 Mario 6650 Jan it.
765 8L r Mar 14 86
Jan 15
ft 199
Jan
2 215
Mar i
550
234 .Mar20
434 Jan 19
54
Mar 12
5s
20 x ^7
Jan 3o yo
69 115 Hz Mar22 126
710
25
25
25
26
2,715
26
2,430
15*4
16
Atlantic
21
21
Bingham Con M tn& S 50
Bonanza (Dev Co)... 10
26*8
2934
43,
300
5,112
900
2634 BostouCoiiC&GCrcts) £1 3,800
30*4 Butte Coalition
16 14,365
JHiiimet it Ariz
10
2.478
Calumet cfc Hecla.... 25
82
164
165
890
36
•45
83
880
36*2
*43
Adventure Con
......
27
30
•43
8 L
16*4
Febl4
56
4 4*
61
6IH.
8 Hj
9 Hz
I64
134
8 *2
9 *2
164
134
.....j
44
60
8
934
164
•
16*2
Feb’07
Centennial
Cons Mercur Gold...
26
i
885
4,115
Copper Range Con ColOO 15,570
Daly-West
2i
Dominion final
Do
pref
U S Smelt Rei.&Min.
44 *2
Do
prei
6i
Utah Con (Gold)
8*2 Victoria
10
Winona
165
Wolverine
Jpg
Bidaadasked pr.ces; na sale;*
178 Wj-andot.
m
Sep
Jan
Jan
Apr
Oct
150Ha Feb
Dec 102
10 Hz Dee
29
Aug 46
26
128
Oct
Feb
Jan
Mai
Apr
Alu) 156 70 Jan
130
128
Dec 141
Jan
14 4 7e J an
Nov
47-*4 Jan
J’ly
28
100J4 Dec 110*4 Feb
4
J ’ n ft
334 Jan
115
J’ly 1 lft:,4 Alar
213* Nov
5°e Jan lo Aug
225
157
44
Dec 250
Dec 184
Ala) 6 4 34
84 Hz Dec
90
190
Alai 210
3
Jan
534
27
Alai
80
Muj
‘.10*4
Jan
Oct
J’ne
Sei>
Dec
Sep
Nov
Dec 141 \> Apr
T20
180
9 Hz
i0 134
22 ‘4
25
2
Dec 26 v Hz X ov
1 1
Jan
Dec
J’ne 1V 0
Sep
23
Dm
Feb
27 *2 Nov
J’ly
J’nt
5 ‘c Dec
103'4 May 11334 Aiay
run ftz
Dec
28 *0 Dec
32:i4 J’ly
99
*40
86 <8 Feb
32
J’ly
50 ‘a Oct
113*0 Feb
4 Hz Dec
6 Hz Feb 20
.Uar22
3 1*2 J’ly
74*4 Jan 14
]Slarl4 121
Jan 5
92 Hz J’ly
33 Hz 01 ar j 5 53
Jan 22
85a Aug
Feb it,
57 Hi May
597a Mario 75
6
Marl 4
2 *8 J’ly
1530 Jan 16
1 *« J an 30
2
«J ciii
\
7e .1 'in
14
Jan 17
22
Feb2ft
1034 May
18 Hz Mar 14
37
Jan 14
25
J’ly
•60
Marl 9 •80
Jail 1,
•45
Aiay
22
MarU 33*4 Jan 5
203e Alai
21
25
Marl-.
39*8Jan 7
J’ly
148
Mario 198
Feb 8 107
J’lv
870
Mario 1000 Feb.5 675
Aiay
35
Mar 14
•i7
17 Hz J’iy
Feui'
•11
MarlG •52
•35
Jan ib
De<
73 *a Mar 14 105
JanlJ
6634 J’h
14 Hz Marl 5 2oHz -Jan 2i
14
Mai
60
Ke.h 5
70*2 Alar t
10478 Feb l 114 Jan I2
2
Mario
1*2
4*8 Jan U
1ft
Mur 14
29 *4 Mar j
14 fti Alu)
130
Jan 19 1 5 i
Kell >■
217e Mar 14 33 Hz Feb lo
19*a J’ly
4 *0 Mar 6
5
Jan 1
1
19 ~Marl4
36 *2 Jan 1,
15*2 J’iy
Feb 8
1434 Marl4 30
8 Hz Oct
65 *4 Dec
118
Feb
1 )eo
114 5
74
Feb
15 *4 Nov
2 *4 Dec
8
79
1,330
1(10
26
]<h,
li
Marl 4
4
55
8 L
=
j’ly
9*4 Jan 10
134 Jan 24
15 *4 Jan 24
24Hz Jan 15
ri^
44
21
90
Oct
.Ian
J’ne
Jan
Not
Nov
2*4
2*4
2*4
23s Elm River
390
2 i
20
21*2
21
Franklin
25
3 »33o
135
135
ftnaiiiy Consolidated lOo
540
2 4 *» 2 4 Hz
24 >*8 Greene Consolidated, lo
23*V
4,567
Last Salt 7*2
Mar’O/ Guanajuato Con mo 1
f,
23
21 Hi
23*4
23 Hj fsie Royale (Copper). 26 6,646
18
18*4 18*2
18*2 Ha Saile Copper
26 5,204
6 *8
6*4
6*4
6*4 Mass ConsoL
26 LOSS
S'V Mario
*
•90
-JO
•99
Mayflower
31u •90
Mar 21
25
1234 1234
Mexico
Cous M & S...10 1,760 12
12*8
Mar 14
16
1034
1534
16*4 Michigan
26 2,13ft 1434 Mar 1 <>
83
82
83
83
Mohawk
25 1,336
74
Marl;.
134
1j<
178
178 Montana Coal & Coke 26
710
134 Jan 18
U
14
Nevada Consolidated
l
1,010 1334 Matj 4
9U *4
92 *4 North Butte..
91*8 92*2
16 47,244 7734 Marl4
1 *4
1 *4 uld Colony
1 *4 ♦
700
1
25
Marl4
50
513^
49*2
50*h Did Dominion
26 13.047
44
iMarl4
138
140
*140*2 145
Dsceola
25
345 L3U
Mar 14
23 H» 23 Hz
•23
23 *2 Parrott (Silv cfc Copp) 10
833
21
Alai 15
*
2
1 78 Phmnix Consol
178
265
1
25
Jan 6
li9
120
120
120
uiuincy
Mar 15
25 1,9 c 9 109
7
734
7*2
Rhode
7*2
Island
6
25 3,699
Marl4
4
4
33«
3*4 Santa Fe(Gold <fc Cop) 10 1,850
3*4 Mar22
19
19
19H.
19;V Shannon
10 8,848 153< Marl4
12J
120
120
120
Pamaraek
26 1,034 110
Mar 15
€
20U
23
23 V
-2 •’V
23*4 rrimty
25 17,333 19*4 Mar 14
65 V 6534
60
6c 34 United Copper
100 5,705 6430 Mar26
Last .s a it 57
10*4 i 0 *4 '10
10*4 Unit States Coal cfcOil 26
o.jSg
Sep
Jan 15 150
1,430
Allonez
25
120
9334 Amalgamated CopperlOO 57.889
40*2 Am Zinc Lead & S*m. 26
i,GU5
*1*4
21
*65
*•00
53
57
Jan L8
50
65
Jan
45
Jan 24
47 Ha Nov
64
94
Jan 21
65
Jan
99
103
Jan 7
95
Jan
06
182 Hz Jan
1139 Hi Mav 195
93
JaiFro ’•91
May 9934
170
Jan 30 170
Sep
95
Jan 25
92
Dec 101
110
Mar 4 lo7
Sep 116H2
173* Marl3 25*4 May 27 30
17 **z Jan
98 -j Jan
86
Keb
Mining
4
65
8
*8
Last S a if 176**8
92*2
1J4
49*4
121
30sfc
*45
8134
16*4
15
2
7*4
36*2
2
I4u
1634
167
880
*•40
0*«
*99
12«g
*17„
167
880
*2
16 *2
123
8
7 34
4 *4
20
29*4
ft 2
7g
23
16*4
21
21S
.65
*65
2 6 *2 2 6 *2
165
896
36 *2
8334
2:V
*1
”60
*60
XlOO
pref
Land
10
Cumberl Telep & Tel 100
Edison Elec Illum... 100
146*8 General Electric
100
4
55
62 *4
83
7*4
4 H.
58
61
13
17
24*2
*4
64'V
1234
1034
49
145
4
*
4 L *v
20
17
86
4*2
58
91*4
131
0
*4
*
94*4
21*2
22*2
13*2
0 *6
73*c
92*b
20*4
Teleg.100
214
59*2
82*2
94*4
22
-65
Woo*len
734 East Boston Land
14534
91:*b
•
107
213
93j4
137
140
26 4 SO3*
24
19*.
92 4
*
Amer
97
l)o
Mar’07 Boston
lo7
90
*39
17*4
•65
2 6 *6
17
167t,
95*2
140
24
2
121
8*.
16
2
16*4
03;>4
20*2
84*4
22
140
'26** 26*2
95*6
*1
27 *s
32
168
880
37 **4
-60
4*4
2,952
Hiqhcst
1
1
89
89
Do
pref
11)0
Jan 12
117
117
115*2 117
N E Telephone
100
Jan 7
Last salt Hi
Nov’06 EdantCom t’stst.k com 100
La81 Sale ISU
Do
Sep ’05
pref
100
16L
162*2 162
162
Pullman"Co
100
Mar 16 182
908 156
Jan 7
10*2 10*2 *10
10*2 Reece Button-Hole.. 10
90
loLJan 9 11
Jan 1<
106
106
105
106
Swift & Co
100
1,019 £104 Marl5 113 Jan 16
21*2 21*2 *21
22
2 1 Hz Jan 23
Torrington Class A.. 25
50
22 Hz Jan U
*26
27 Hi *26
27*2
Do
pref
4 25*2 Mar 14
;... 25
26 *2 Feb 19
Last Sa le 3
Mar’07 Union Cop L’d & Mg. 25
3
Mar 5
67e Jan 24
108
IO8H2 107*2
108
United Fruit
.100 2,054 lOc-o Marli 108 H, Jan 7
60
60
60
60
Un Shoe Mach
57
4,496
.Mario
69
Jan 2
Corp. 25
27*2 27
27*2
Do
2734
2 7-'*a Mario
25
625
pref
29
Jan 4
36*2 37H,
S634
U
S Steel Corp
37*8
loo 14,940 x34 Mari 4 5030 Jan 7
99 *2 100 *8
9b34
Do
yy°6
pref.X
lOo 2,523
95*2 Mar 14 107j4 Jan 7
Last Sale •50
Dec’06 West End Land
25
6
0
6*2
5*2 West Telep & Teleg.lOo
5 Hi Mar2<
185
9
Jan 12
70
70
70
70
Do
pref
79 70
X.100
Mar2
82
Jan 17
Last Sale 74'2
Mar’07 Westing Rl
74 Hz Mar 7
7m *^ J un 1 ft
Mfg
ol’
Last Sale 80
I)o
Feb’07
80
Feb I f
5i.
pref
Feb 2* 8 1
*2
106
107J4 108
57*2 69
100^101
54
88
117
*
3
29*2
204*4 204*4 '206
209
*2*2
3
*2*2
3
Mexican Telephone.. 10
Last Sale 54
Mar’07 N E Cotton Yarn
ld<)
161
27*2
21
Do
pref
122 Hz Amer Sugar Retin.... 100
125
Do
pref
100
119*2 Amer Telep «fc
20434 20434
234
3*2
7
60
97*2
50
50
147
60
83
*
22
*26
*
29*a
97
100
.
145
69
33
•
161*2
*10*2 11
105
105*2
38*2
4
124
119
pref
214.
*
161
6 L *2
28
5934
93*2
41 *2
122
125*4
Do
77t Amer Pnou Sex v
214
145*2 146
68
82
82 Hz
”...
117
*2
*
87
770
20 7s
Dominion
*73s
110
26
15
|
Lowest
V
P3 r‘$ MarL 107*o Jan 7 t 86*4 J’ly no
*2 Sep
95
Marl! ilOL'VJan 8lr977pl)et 105 *> Jan
225
.iau L,240
Feb l! 0239
Dec 125 7 *4 i* eb
144
Mar 2
152
Jan 7 147
Jan
Auj: 100
250
Jan r 231
Jan 2 2.80
Dec 246H> Apr
l52
Mar 14 162
Jan 7 160
Dec 180*2 A pr
165
Jan c 16.*
Jan 3 104
t)ct 1 75 *• • AI ay
298
.Ian 11>301
Feb 25 i99 *<> Dec 31 1
Ajir
23
Marie 2834 Jan -2
25
Jan
39*2 Apr
72
.Atari;
80
Jan 2;J
72*-> Jan
!•(>
Apr
150
Feb 2 £ 160
Jan 17 156
Oct 1S2
Jan
115
Marl! 120
Jan 2 11 7 Hz J’ly 127
Jan
188
Feb 13 188
Feb 13
l*iO
Ala*
156
Marli 156
Marli
163
Apr
980
:78
Jan
8 2^5
Marli;
Oct 298
Apr
130
Marla 135
Jan 9 1132
Oct 14’*
.Ian
107
Feb ft 114
Mariv
Jan 107
95
Apr
87
Feb 1 ‘
88
Mar 7
89
Dec
95
Jun
197 Hz Feb 15 198
Jan 1* 197
Alar 20.)
Dec
14 Hz Mar22
20 Hz Jan l
17
Jan
23
J'n«
5»>34 Mar22 71*2Jan 9
59 H> Jan
75
J’ne
19s* Mar 9 2534 Jan 2
2130 Aug 28‘4 Dec
177
Marly 190*2Jan 2 190
2b
7
J’iy
*4 J an
159 Hz Jan 22 160
Jan
8
163
Feb
225 _ Marly 22U
Fel> ‘2 228
J’ly 233 *2 M ar
196*4 Mar21 200*4 Jan 7 198 Dec 210 Jan
147
8
215
♦
117
*
20*2
8
87
120
30
96*a
214
88
117
10
162
11
106
22
26
3
Last Sale
*6
*
e
•3*2
•
108*2
37*2
100“8 1013b
*204
*2
*
162
104
82*2
118
*10*2
*
214
142
57
8234
*
*v
*
•734
146*2
68 34
*
97
3*2
119*2 126*4
ii
Hid he si.
59
Oct ’05
122*2
I08*al08*2 *10534 10634 *10534 107H.
7
214
83
*206
207
'3 *2
4
*
64
*
88
29 *2
122
124
119
*29
122U
20*2
7
213
146
53
77e
21
Lowest
Miscellaneous
2134 21 \
85 'x87 '
8
738
20 St 21*2
87
7«b
21
11
\ 8 h a re s
Atch Top <fc Santa FelO(
Do
pref
10i
Boston & Albany....101 *
Boston Elevated
101
Boston & Lowell
10( >
Boston & Maine
1()(
Do
pref
10( >
Boston At, Providence 101
24
Boston&Wor Elec Co....
Mar’07
Do
pref
Aiar’o V Chic June Ry & U S Y10(
Do
nref
100
Feb ’(*7 Con & Mont Class 4
10(
Mar’07
Last Sale 150
115
115
Last Salt IHS
Last 8alf 156
17
17
63
63
♦20*2 21*2
177
17&
*86
for Lrevioxtt
i'ear (1906)
| Ween.
EXCHANGE
MarcH 22
|!llanpe
Railroad*
*23
24
73 *2
*
73*2
115
91*4
130
130*2
110
110*2
♦87
89
♦16
17
17
17
63
63
*20 *2 21*2
178
179
10S34 109
*20*2 21 *2
179*2 180
*91*2
*96 *e 97 >(
235
237
145
145
230
155
155
165
♦
73 *2
115
90 7j.
95
146
231
1 5 4 *2 15 4 *2
165
26
*
74
109
•87
]54
165
300
*
90*4
95
*235
145
*
*
24
*
92-\
96
235
145
9G
233
145
*23 »
154
!
j
92*4
97 *4
Thursday
March 21
STOCK
1
|
Saturday
March 16
Lanae /or year
1907
! Sales
[of th
STOCKS
BOSTON
Yearly
*de
an i»ns
day.
1,410
9*2 Mario
50 5,775 50
5u 2.905 4lK0
6 L.,680 51
26
6
3.1L3
25
96U
7 *2
25
236 176
25
660
1Hz
jWewstjjtc.
r ass’l
•40
13
J’ne
Not
1034 J’ne
54*2 Mai
96
*2 Jan 14
Hz Alar 14
20 Hz Jan lo
120
Jan 6
2 *2 Jan 4
333
Febl4
l»L
Feb 21
35
Jan 14
13
Jau2r
L48
Feb 0
138 Dec
2
■
11
170
90
40
13*4 Jan 22
70
49
Alar] 4
79
Marli 11*0
Alar) 4 14
Aiarl4 198
3 \
Alar 8
Jan 2
Jan 7
Jan 14
Feb27
Jan 2;.
J
jEx-riguw.
a
•70
Jan
86 Hz J an
21 *2 Nov
84
Feb
3 Hz Dec
2u*4 Sep
3o *4 Dec
29;*0 Jan
12*8 Jan
1 Hi Jan
1434 Deo
22 Hz Deo
bo
Deo
7 Hz Feb
23 V Oct
Max
J’ly
6634
Lol
48
l«7»Nov
J’nt 122
Ala)
f»2
Jan
,| art
734 J’nt
57*4 Ala)
20
Hz Deo
78
11
Fek
Fek
9 *4 Sep
51
Alai
43
Mai
52*4 J’ne
5 70 N o '
4
Febil' 131
Jan 22
900
40 ‘g Deo
oct
Deo
Jan
Deo
L14
Jan
9*8 Deo
53b Nov
Mai
3*4 J’l\
l*s J’ly
534 Jan
Jani.4
Oct
Dec
Deo
J’ly
22\ J’ly
Hz J an z
42*4 Jan 24
77*4 Mar 7
42
lft4
117 Hz Oct
•60
80
55
Marli
Jan
Mar
35 V Oct
74 34
*70
J’iy
33
93
1234 Jan 15
7 Hi Jan ft
2430Jau 17
Marl4
paid.
6*2 J’ly
28n Jan
49 > Feb
OCt
•90
•70
J’ly
Jan
J’ly
1450 Mai
66
Jan
47 7g Sep
6934 Jan
9*4 Mai
13H»Oct
190
De«
234 Dea
Kx-div. <te rights
BOSTON STOCK EXCH’UE
Week Ending March 22
Ihrice
Week's
Friday
March 2 2
Range or
Last Sale
Ask Low
Sale
9678
84
Salt
Bin
97
Am Kell Telephone 4s
1908 J-J
Am Tetep A Tel coil tr 48.1929 J-J
J-J
Am Wilt Paper 1st si 5ag
1919
84
Atcli A Nebraska Ist7s..l908
Aten '1 on 6c S Fe gen g 4s.. 1995
Adjustment g 4a....J’ly 1995
Boston Elect Light 1st 6s. 1908
Consol 5s
1924
Boston 6k Lowell 48
1907
M-S
1916
1944
J-J
J-J
8‘as.194?
1918
1918
J-J
J-J
4s
Boston & Maine 44*
Boston Terminal 1st
Bur * Mo Riv ex 6s
.Non-exempt 6s
6s3
Boston Bond Record
1907
M All. 23
A-O
974
Not
M-S
91
85
97
27
20
85 4
90
89
884
Note—Buyer pays accrued interest
90*4
J-J
A-O
la Falls 6cSioux Cist 7s..1917
Kan C Clin * Spr 1st os.. .1925
Kan C Ft S * Gulf 1st 7s.. 1908
Kan C Ft Scott & M 6s....1928
Kan C M & B gen 4s
1934
Assented income os
1934
Kan C & M Ry* Br 1st 5sl929
Kan C St Jo & C B 1st 7s.. 1907
Maine Cent cons 1st 7s...1912
A-O
A-O
Non-convertdeben 5s... 1913
92
1912
Cons 1st 4s
85
Mich Telepl.st 5s
1917
Minne Gen Elec con g 5s 1929
New Eng Cot Yarn 5s
1929
New Eng Telepli 6s
1907
6s
1908
5s
1915
N ew England cons g os... 1945
Boston Term 1st 4s
1939
Old Colony gold 4s
90
100 4 1004
....
99a*
98
....
90
3 101
96
100
100
100 4 102
99
99
**i
89
100
....
974
96
90 4
10
94^
purchase price for all Boston
Tuesday
Monday
March 1ST
Saturday
March 16
March 19
Thursday
March 21
Wednesday
March 20
1924
88
194
*
88 4
87 4
90
89
•
114
11
*494
374
87b
494
494
364
94
494 American Railways....
374 Cambria Steel
9 4 Electric Co of America
894
90
90
♦
194
114
114
*494
374
94
494
384
94
60
*184
*35
*30
42
*36
•11
89
894
19 4
*
114
114
114
494
494
374
494
384
94
Seaboard (new)
2d
Do
50
404
94
26
114
26
114.
25
834
614
854
63
83
61462**16
25
114
11
61*4
14
617io
45
45*s
44
394
94
844
63 4
14
62
45
8
74
174 174
554 52*46 544
^
if* dU
*3
•41
424
564
42 4
86
874
564
•
Uj
414
5534
864
42 4
42 4
664
874
38
94
9
*
i
i
83
62
60
1*4
1^
614
GU34
44
44
74
74
17
60
43
42
66
174
52 4
854
pref
United Ry * Electric..
50
Cambria Iron
50
Central Coal * Coke.100
Consol Tracof NJ...100
Diamond State Steel.. 10
Preterred
Easton Con Electric
Eleo Storage
10
6.60
Batt....l00
Preferred
Ft Wayne *W V
Germantown Pass
Indianapolis St
64
864
854
100
424
604
47 4
61
12 4
66
654
57
100
60
100
KeystoneWatchCase.100
10
Lit Brothers
Little Schuylkill
50
Minehill * Schuyl H..50
N Haven Iron * Steel.5
Northern Central
60
North Pennsylvania..60
164
Phila Co (Pitts) pref...50
Phil German * Norris.50
Phila Traction
50
88
45 4
464
*9*2*’ *92*4
Railways General
10
Susqueh Iron * Steel..6
10
10
Tonopah Mining of Nevl
Union Tr of Ind
100
United N J RR A C.. 100
Unit Trac Pitts pref..50
Warwick Iron* steel. 10
West J ersey * Sea Sh. 60
15
“2
7
55 4
Westmoreland CoaL...50
Wilkes Gas 6c Klec..lOb
Bid and asked prices; no
42
55
86 4
*42
•41 4
53 4
854
6
23
23
10
82
94
814
61
624
14
14
614
60 °8
43 4
44
74
164
504
43
*42
64
43
42 4
64
8G 4
854
*29
7s 1910 A-O
Alt ALVElec 1 4b’33.F-A
Am Rys conv 5s 1911 .J -D
Atl City 1st 5s g’19.M-N
Balls Ter 1st 5s 1926. J-D
Berg&KBrw lst6s’21 J-J
Bethle Steel 6s 1998.Q-F
Choc & Mo 1st 5s 1949 J-J
Ch Ok & G gen 5s T9 J-J
Col St Ry 1st con 6s 1932
Con Trac of NJ 1st 5s.’33
E & A 1st M 5s 1920 M-N
Elec & Peo Tr stk tr ctfs
Eq Ii Gas-L 1st g 6s 1928
H & B Top oon 6s *25 A-O
Indianapolis Ry 4s. 1933
Interstate 4s 1943 ..F-A
Lehigh Nav 44s ’14.Q-J
RRs 4s g
1914.Q-F
Gen M 4 4s g.l924.Q-F
Leh V C 1st os g’33..J-J
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
16
Leh V Tran con 4s’33 J-D
N ew Con Gas 5s 1948 J -I)
Newark Pass con 5s 1930
N Y Ph & No 1st 4s ’39 J J
Income 4s 1939...M-N
NoOhioTrac con5s’19.J-J
Penn gen 6s r 1910..Var
Consol 6s r 1919...Var
Penn * Md Steel con 6s.
Pa & NY Can 5s ’39.A-O
Con 4s 1939
A-O
Penn Steel 1st 5s’17 M-N
People’s Tr tr certs 4s ’43
PCo 1st* coItr5s’49 M-S
Con* col tr 5s 1951M-N
Phil Elec gold trust ctfs.
Trust certifs 4s
P 6c E geP M 5 g ’20. A-O
Gen M 4sgl920..A*O
sales on this (lay.
1i Ex-rlglits.
ibo’
ibT*
103
1184
110 4
105 4
110=8
93-v
150
964
65 4
1054
100
97 4
07
101
974
67 4
104**
|| $7.50 paid, t
107 4 Sale
103
105
105
1074
M8
107
II HO 4
11964
1)9641!99 4
llt>
99
100
100 4 Jan’07
102
Jan *07
100 4 100 4
102
102
93
98
93
100
100
95
1024 Jan 06
100 4 Jan ’07
93
92
lot>4 loo4
92
99
1J94 4 Sep '05
1094 Aug’05
1j Flat price.
50
43
10
8.186
Ry* Leon 5s ’54J-J
Pref
100
Atlanta & Charlotte.. 100
Atlan Coast Line RR. 100
Atlan Coast L (Conn) 100
Canton Co
100
Cons Cot Duck Corp...50
Preferred
50
Georgia Sou* Fla... 100
100
100
3
Mar 14
86
47U
Bid
Marl5
10 4 Mar
118*8
Marl6
324 Marl4
87e Mar2l
7
20
Jan 14
Mar 15
94 Mar21
Ask
...
...
97 4
83
83
73
88
170
90
240
89
10
290
91
11
30
90
100
Anaco8tia& Pot 5a
Atl* Ch let7...1907 J-J
Atlan C L RR4sI952M-S
Atl Coast L(Ct)ctfs os J-D
Ctfs of lnaebt 4s
J-J
5-20 yr 4s 1925
J-J
Balt C Pass 1st5s’ll M-N
Balt Fundg 5s.1916 M-N
102
35
Jan 9
85
Jan 10
97
Jan 26
23 4 Jan 7
Jail 7
48
134Jan 3
35 4
80
97
22
48
41
90
J’iy 1114
32
Dec
62 4
Dec*
13
Dec
19
J’ne
J’ne
Dec
J an
J an
Jan
Jan 2
47 4 Jan 24
11 % Jan 14
8
Jau 25
36
Jail 25
16
Jan 8
50 *4 Sep
304 Jan
61
Jan
51
Dec
Oct
39*4 Nov
12 4 Nov
i 1
M a)
14
Jan
6
Nov
48
Jan
31
Dec
14 4 Nov 23 *4 Jan
Jan
100
Dec 118
65
May 86 J’iio
BALTIMORE
Chas City Ry 1st 5s ’23 J-J
Chas Ry G * El 5s ’99 M -S
Chari C* A ext os.’09 J-J
2d 7s
1910 A-O
994
304
Highest
Lmvest
Jan
78
Marl 4 t<>3
67
Mart4 7a7& Jan
2 4 J an
*”10 Oct
1 4 Mar20
61*4 J’ly
69
Marl4 70**ie Jau
47
Apr
43
Marie; 48s» Jan
6 *8 Dec
7 4 Mar 14
84 Feb 14
24
Jau22 cl 9 4 Dec
16 4 Mar 14
47
Man 4 694 Jau 7 564 Mhj
43
Murl9 464 Jan 14 4 3 f*8 Apr
Jan 14
447s Maj
42
Mar 15 47
53
MarU 604 Jan 22 58*8 Dec
80 4 Marl 4 964Jan 5 11814 May
Dec
30
Feb 18 25
10U *v 101
814
12
49 4
1104
6
Exchange 34s 1930 J-J
Balt & P 1st 6s m l’11 A-O
Balt Trac 1st 5s. .’29 M-N
No Balt Div 5s 1942 J-D
Convertible 5s.’06 M-N
Cent’l Ry conoal932 M-N
Ext* Imp 58.1932 M S
Range tor Previous
Year (1906 )
Highest
Lowest
60 17,468
U Trac 1ml gen 5s’19.J-J
Un ltys Tr ctfs 4s’49J*J
United Rys Inv 1st coll tr
M-N
S f 1)8 1926
U Trac Pit gen 6s ’97 J-J
Welebach a f 5s 1930. J-D
Wlka-B G& E couas’B 5 J-J
1st pref
2d pref
103
1004,!102
1004 Feb’07
Apr’06
35
Bonds
1014
100*8 100 4
iyo?
*4*2*5
Ph* Read 2d 5s ’33
Con M 7s 1911
J-D
Con M 6s g 1911
J-D
Ex Imp M 4s g’47. A-O
Terminal 5s gl941.Q-F
P W* B col tr 4s ’21. J-J
Portland Ry 1st 5s 1930.
G-B-S Brewing
107 4
1004 Jan ’07
Range lor Year
100
5u
63
96 4
74 100 4
98
1150 s,
194 Feb26
BALTIMORE
1*0*84
85 4
84
994 994
99 4 100
J-J
617
Inactive Stocks
Ala Cons Coal* I ton. 100
120 4
92
101
99 4 Jan ’07
100
100
M-S
100
105 4
iby,; 1*104
92
100
102
Dec ’05
99 4 Nov’06
33 4 Jan 15
PHILADELPHIA
Rocii
1054
93
105
824 Jan
Gen Asphalt tr ctfs ....100
Do
pref tr ctfs ....100
Lake Superior Corp.... 100
Ask
120*
101 4 Sep ’06
11027„ Jan ’05
11214 Mar’06
lo.-t
Jan'07
107 4 Nov’05
102
Mai’02
98 4 May’06
105
Mar’07
103
F-A
J -J
2,576
Letilgh C * Nav tr ctfs. 60 4,647
14,676
02 4 Lehigh Valley
60
100 4,290
14 Marsden Co
6 iBio Pennsylvania RR
50 7,753
520
434 Philadelp’aCo(Pittsb). 60
7 4 Philadelphia Electric*. 25 7,926
9,941
17 4 Phila Rapid Transitc.. 50
62 4 Reading
50 57,274
41
1st pref
Do
43
60
68
Do 2d pief
43
60
Union Tracton
50 1,809
54
50 16,073
864 United Gas Impt
100
Welsbach Co
31
Bid
PHILADELPHIA
Annuity 6s.*
J-D
Gen cons 4s 2003.M-N
Pennsylvania Salt
60
Pennsylvania Steel.. 100
Preferred
100
*
44
26
10
82
*5
A1 Val E ext
Keystone Telephone ..50
Preferred
60
Preferred
60uia
9
74
7*4(1
164 17
6Ul5ie
52
60462i5ia
65
Indiana Union Tr....l00
Insurance Co of N A.. 10
Inter Sm Pow * Cliem.50
Tidewater Steel
814
614
14
374
Bonds
Allegheny Val pref....5C
American Cement
50
Amer Gas of N J
100
Telephone
9 4
814 824
014 617«
14
14
604 614
444 444
74
74
164 174
42
A sk
mmmmm
104
10
43
42
inactive Stock*
Bell
*
.
......
*104
814
Bid
PHI I*A DELPHI A
9
Sale
100
J-J
Week
Shares
Philadelphia
494
367g
974
99
Sales
ttu
Pow.100
100
60
*11
•80
87 4
Do
pref
Northern Central
1164
102 4 Aug’04
J-J
F-A
A-O
A-O
A-O
J-J
A-O
F-A
J-D
F-A
J-J
J-J
J-J
Baltimore
Con. Gas El. L. &
35
84
89
19 4
40
11
*30
10
174 Aug’05
of
(lor Bonds and Inactive
Stocks see below)
J>Yiday
March 22
1004
98* 'i'8*4
Record, Daily, Weekly, Yearly
ACTIVE STOCKS
Price*
Price*—Not Per Centum
Share
99*'
26 4 Oct ’0*
Bonds. * No price Friday; latest bid and asked.
Philadelphia and Baltimore Stock Exchanges—Stock
High
Low
1004 Sep ’06
113 \ Nov’06
1014 Sup ’(>;'
118
Ms}’04
844 Feb’O'i
814
1st lien oonv 4s
1911 M-N
United Fruit conv gen 5s. 1911 M-S
U S Steel Corp 10-60 yr 5s. 1963 M-N
West End Street Ry 4s....1915 F-A
Gold 4 4s
1914 M-S
Gold debenture 4s
1916 M-N
Gold 4s
1917 F-A
Western Teleph 6k Tel 6s. 1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley 1st 7s.. 1909 J-J
90
100
Sale
J- J
Oreg Sh Line 1st g 6s
1922
Repub Valley 1st s t 6s... 1919
Rutland 1st con gen 4 4s. 1941
Rutland-Canadian 1st 4s 194 9
Savannah Elec lstcons 5s.l952
Seattle Elec 1st g 5s
1930
Terre Haute Elec g os
1929
Torrington 1st g 5s
ul918
1 gr g 4s. 1947
Union Pac RR
1024
94 4
J-D
4s.. 1946
Oreg Ry * Nav con g
914
4
Last
Range
Since
January
High
Ask Low
100
10()78 Oct ’06
99
99
100
1224 Nov’Ofl
Jan
’07
98
97
1024 Nov’06
117
117
1.164
94 4 Dec ’06
Mar’uT
92
Mai ’07
100
Jan 1939 J-lv
Jan 1939 J’ly
lstconsi»c3s
2d cons inc 3s
....
Week's
Range or
M-N
M-S
M-S
A-O
J-J
A-O
A-O
A-O
Maro Hough* Ont 1st 6s.1925
Mexican Central cons 4s.. 1911 J-J
107^1074
101
in addition to the
8*4
Price
Friday
March
os....1910
Illinois Steel deben
....
1124 Jan ’03
104
Nov’06
89
Mar’07
100
Jau ’07
103 4 Sep ’05
103 4 Apr’05
1004 Oct ’06
1344 Nov’06
140
Apr’05
904
914
Mar’07
93
•
984
....
95
Feb’07
122
Apr’06
126
Feb’06
100
Feb’07
97 4 100 4
100 4
99
Mar’07
1915
1927
Fremt Elk * Mo V 1st 6s..1933
1933
Unstamped 1st 6s
Gt Nor C B & Q ooli tr 4s 1921 J-J
Registered 4s
1921 Q.J
964
914
1024 J’ne’06
984 Dec’OO
904 Mar’07
10041014 101
High
Low
£ ^
Bid
*9*8 411014
109
M ay’05
1004 Feb’07
102 4 J’ly’06
93
Mar’07
10G
104
M N
M-S
M-S
A-O
A-O
4s
4s
Am
99^ Oct ’06
100
J’ne’01
123 4 Nov’06
1114 J’ly’05
Mar’07
85
J-J
A-0
M-N
J-D
1908
Fitchburg 5s
High
12 i
BOSTON STOCK KXCH’GE
Week Ending March 22
Since
January 1
110
Feb’U4
104 4 Apr’00
101
Sep’06
114
Mar’06
112 4 Jan ’03
107 4 Jan’07
102
Sep ’05
F-A
1910
Sinking fund 4s
Range
D''! 4 Nov’06
104
Mar’CG
98 4 98 4 Mar’07
914
917s
M-S
J-l)
Butte 6c Boston 1st 6s....1917
Cedar Rap * Mo R 1st 7s. 1916
2d 7g
1909
Cent Verml 1st g4s..Mayl920 Q-F
C B 6c w Iowa Div 1st 5s. 1919 A-O
1919 A-O
Iowa Div 1st 4s
1913 M-N
Debenture 6s
1922 F-A
Denver Exten 4s
Nebraska Exten 4s
1927 M-N
B * S W s t 4s
1921 M-S
Div
Illinois
3 4s
1949 J-J
Joint bonds See Gt Northern
Chic J c Ry * 8tk Yds 5s .1915 J-J
Coll trust relunding g 4sl940 A-O
Oh M il * St P Dub D 6s.. 1920 J-J
Ch M * St P Wis V div 6sl920 J-J
Chic * No Mich 1st gu 5s. 1931 M-N
Chic * W Mich gen 5S....1921 J-D
Concord & Mont cons 4s.. 1920 J-D
Conn * Pass R 1st g 4s... 1943 A-O
Current River 1st 5s
1927 A-O
Det Gr Rap & W 1st 4s... 1946 A-O
Dominion Coal 1st s f 5s..1940 M-N
ISOM»
is
City & Sub 1st 5s. .’22 J-D
City* Sub( Was) 1st o.s’48
Coal * 1 Ry 1st 5s’20F-A
Col*Grnv lst6s.1916J-J
Consol Gas 6s...1910 J-D
6s
1939 J-D
Ga * Ala 1st con 5s ’45 J -J
GaOar&N 1st 5s g’29 J-J
Georgia P 1st 6s...’22 J-J
GaSo * Fla 1st 5s 1945J-J
G-B-S Brew 3-4s 1951M-S
2d income 6s 1951 M-N
Knox v Trac 1st 5s ’28A-0
LakeR El 1st gu5s’42M.8
MetSt(Wash)lst5a’25F A
MtVer Cot Duck
Inoomes
let 5a.
Npt N&O P 1st 6a’38 M-N
General 5s—1941 M-S
Norfolk St let 5s’44..J-J
North Cent 4 4s 1926 A-O
314
Series A 5a 1926
J-J
95
7
102 4
U5
100
82 4
88
103
104
109 4 110 4
994 100
iio" i*ri**
112
114
109
iio
$15 paid. $ $10 paid, i $20 paid, a
Series B 5a 1926....J-J
Pitt Un Trac 5s 1997.J-J
Poto Val lat 6a 1941..J-J
Sav Fla* West da’34 A-O
Seaboard A L 4a 1950 A-O
Scab * Roan 5s 1926.J-J
South Bound lat 5s..A-O
U El l^fcP lat 4 4«’29 M-N
Un Ry* El lat 4 s ’49 M-S
Income 4s 1949
J-D
Va Mid lat Ha 1906..M-S
2d series 6a 1911... M -S
3d senes
6a 1916..M-S
4th ser 3-4-5s 1921. M-S
5th aeries os 1926.M-S
Va (State) 3s new ’32.J-J
Fund debt2-3s 1991. J-J
West N C con 6a 1914 J-J
Wea Va C& P lAtXg* 11J-J
Wil * Weld os Jl935.J-J
3*6ip Jail
131 * io J an
a54 -j Mar
931« Oct
$34*4 -Jan
83
Jan
47*Bic Jan
51
67
Jau
101
Aug
Feb
_32
Mar
Ilia
100
91
108
j
Ask
93
107
108
108 4
loo
100
101
103
112 4
111
103
109
106
106
104
1 10
107
it)7
119
110
118
109
63 *•
52 4
24
1024
110 4 113
110
107
784
79
90
95
105
108
110
110
109
*76**
208
90
1104
76 4
iio
92
864
87
52
52 4
106
106
105
107
94
91
92 4
94
10H
105
1044 luff
110
114
Receipts, b $26 paid. £$*$30 pakL
684
THE CHRONICLE
jniestroeixt and
RAILROAD
[VOL.
LXXXIV
Railroad Intelligence.
GROSS
EARNINGS.
The following table shows the gross earnings of
every STEAM railroad from which regular weekly or monthly returns
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 July 1 to and
including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal
year does not begin with July, but covers some other
period. The returns of the street railways are brought together separately on a
can
subsequent
Latest Gross Earnings.
ROADS.
Week or
Month.
Ala Great Southern
Ala N O & Tex Pac
N O A -V East.
Ala & Vicksburg.
-See
Current
Year.
February
February
Vicksburg Sh A P February
Ala Tenn A North._ January
k Atch Top A S Fe_ January
262,107
127,012
14.1,106
4,84
.
_
_
_.
7,695,253
367,257
139,904
2,426,242
5,939,293
Bangor A AroostookiJanuary
275,661
Bellefonte Central.
February
4,393
Bridgeton A Saco R January
2,914
BufT RocL A Pitts.. 2d wk Mch
144,828
Buffalo A Susq
January
163,589
._
Atlanta & Chari
December
Atlan Birm A Atl’c. January
Atlantic Coast Line January
Baltimore A Ohio..'February
_.
..
.
.
_
j
Cal Northwestern
Canadian Northern.
Canadian Pacliic
Central of Georgia..
Central of N Jersey.
Cbattan Southern..
..
December
1st wk Mch
2d wk Mch
2d wk Mch
January
_.
2d wk Mch
Chesapeake A Ohio. January
Chesterfield & Lane
Chicago A Alton Ry
Chic Great Western
Chic Ind & Louisv.
Current
Year.
_.
January
January
_
._
128,863
107,100
1,369,000
273,400
2,065,170
3,493
2,000,288
4,921
1,065,174
2d wk Mch
175,169
2d wk Mch
111,653
Chic Ind A Southern —See No York Cen
Chic Milw & St Paul January
4,776,378
Chic & North West. February
4,834,236
ChlcSt Paul M & O. January
1,133,970
Chic Term 'Tran RR 2d wk Afch
30,537
(Jin NO <5c Texas Pae —See Sout hern
Ra
Clnclnnat5 Northern —See New York Cen
Clev Cin Chic & St L —See New York Cen
__
_
_.
Colorado Midland.. January
hCo\ & South Sys._ 2d wk Mch
Col Newb A Laur.. January
Copper Range
January
__
..
__
149,177
102,422
Kansas City South. February
_
Lehigh Valley
January
.Lexington A East.. January
Long Island
January
Louisiana A Arkan. January
__
_.
Loulsvillc A Nashv. '2d wk Mch
Macon A Blrmlng.. February
Manistee A No E
October
_
__
I February
Maryland A Penn..!January
_
__
4,168,825
11 way
tral.
tral.
187,253
232,092
202,842
8,342,655
25,866
169,936
56,968
399,541
23,508
118,102
39,856
269,161
333,000 14,732,181 13,759,311
24,498
882,476
774,567
84.471 2,927 .946 2,895,706
28,629
60,467
17,033
39,399
356.300
28,676
80,554
522,139
726,988
52,933
537,755
4,366,911
110,000
143,696
63,923
191,308
667,330
York Cen tral.
York Cen tral.
_.
4,155,821
190,413
Illinois Central
February .'4,414,084
Inter A Great North!2d wk Mch
140,000
ulnteroecanic (Mex) 2d wk Mch
144,438
Iowa Central
2d wk Mch
51,876
Kanawha A Mich.. January
180,341
Lake Erie A West'll —See New
Lake Shore A M Sou —See New
6,237,634
4,335,358 36,379,662 33,382,242
4,589,363 46,006,992 42,370,548
1,027,839 8,572,308 7,992,042
33,352 1,195,225 1,218,717
1,498,893
9,475,140
182,305
466,562
126,696
282,362
•
1,296,228
168,412
108,944
2,252,000 2,158,661
31,151,203 30,061,424
10,368|
418,9111
1,813,294!
39,935
..
January ..I
6,759,758
tral.
..
Manistique
Previous
Year.
14,807
388,936
1,676,237
_
a
3,977,480.
3,663,096
1,226,247; 1,061,046
1,344,712- 1.298,563
3.3,969,111 33,131,167
1.809,5341 1,834,238
35,778,645 34,965,405
1,663,659 1,420,000
4,026,178 3,959,573
37,033,141 34,202,570
6,204,555 4,030,177
4,978,141' 4,303,622
2,240,456 2,107,987
1,349,598 1,278,659
5,900,216 4,945,463
2,730,334 2,681,839 21,104,377 20,254,086
41,919
41,279
318,8561
303,360
lnc.45, 934
Inc.631, 917
88,381
95,571
675,8791
552,631
972,900
834,680 33.676,809 29,919,709
14,290
14,667
116,849!
112,450
26,098
26,195
5,169
4,761
54,445
60,779
23,053
22.73U
211,296'
216.920
2,732,903 2,457,188 17,080,477 15,955,496
182,376
149,354 5,653,653! 4,844,632
141 ,800
150,800
4,904,800 4,300,500
24,305
25,898
827,29
781,635
71
..
_
.
.
.
Current
Year.
or
Month.
N Y C A Hud Rlyer
Lake Shore A M S
Lake Erie A West
Chic Ind A Sou.I.
Michigan Central.
Cleve C C A St L.
Peoria A Eastern
Cincinnati North.
Pitts A Lake Erie
Rutland
N Y Chic A St L.
February
February
February
February
February
February
February
February
February
February
February
_
.
.
_
.
.
.
_
.
6,562,113
3,263,827
373,168
217,072
2,088,988
1,821,250
225,342
71,884
1,022,316
177,043
808,315
Monthly Summaries.
Cur’nt
Year Prev’s Year.
S
(40 roads)....
(41 roads)
(42 roads)
(46 roads)....
(43 roads)
(39 roads)....
(42 roads)....
(43 roads)....
(43 roads)
(37 roads)....
....
....
8,889,449
9,256,54 2
9,337,337
14,215,644
8,688.996
9,477,481
9,780,541
10,828,667
9,747,374
9,611,592
$
7,819,570
8,522,557
8.982.678
13,830,670
8.564,371
8,672,351
8,954,573
10,201,031
9,025,944
8,725,307
Inc.
or
Dec.
Current
Year.
$
$
6,582,124 63,185,149
3,030,876 38,665,725
413,704 3,474,102
187,299 1,648,967
2,020,993 18,024,258
1 ,743,632 16,882,445
228,032 2,064,831
63,222
698,040
964,753 9,548,802
175,757
1,903,277
751,532 6,640,821
Previous
Year.
60,673,928
26,872,910
3,617,791
1,460,219
16,657,445
15,894,421
2,144,478
601,667
8,864,881
1.793,410
6,384,826
N Y Chic A St Louis —See New York Cen cral.
N Y Out A Western January
615,719
565,635 4,908,166 4,589,414
N Y Susq A West.. January
278,094
258,037
1,775,350 1,673,920
Norfolk AAVestern. January
2,559,334 2.375,628 17,645,012 16,202,504
._
_.
_.
Northern Central
Northern Pacliic
Pacific Coast Co
d Penn—East PA E
d West of P A E.
January
February
January
January
January
__
Peoria A Eastern
Phlla Balt A Wash.
._
_
._
__
—See New
__
January
Pnlladelphla A Erie December
Pitts Cln ChlcASt L February
Pitts A Lake Erie —Sec New
.
Raleigh A Southport January
Reading Railway.. January
Coal A Iron Co.- January
Total both cos..
January
Rich Fred A Pot
January
Rio Grande June
Rio Grande South..
Rock Island System
e St L A San Fran
f Evans A Ter H.
Total of all lines.
Rutland
St Jos A Grand Isl.
St Louis A San Fran
St Louis SouthwestSeaboard Air Line..
Sierra Railway
Southern Indiana..
(•Southern Pac'tic Co
Southern Railway..
Mobile A Ohio
Cln N O A Tex P_
Ala Great South.
Ga South A Fla..
..
992,236
947,736 7,262,890 6,597,490
3,511,651 4,023,404 44.450,088 41,545,725
569,764
482,835 4,206,538 3,985,119
12583712 12002512 90,996,753 83,949,653
Inc. 305 ,000
Inc. 4,37 6,500
York Cen tral.
1,246,140 1,187,340 9,751.778 8,871,278
660,853
692,367 4,698,338 4.631,658
2,385,912 2,149,467 20,230,359 18,803,053
York Cen tral.
9,490
4,675
3,686,868
3,815,258
7,502,126
168,088
December
75.502
2d wk Mch
8,763
January
4,859,762
January
4,258,345
January
165,657
January
9,283,764
_.
_.
__
..
__
—See New
January
54,714
34,844
24,728,984 24,274,994
21,807,505 20,918,041
46,536,489 45,193,035
1,045,529
932,690
439,032
364,256
431,607
406,077
34,817.034 31,188,451
28,649,606 25,184,219
1,374,276
1,309,136
64,840,916 57 081,806
3.452,092
2,815,329
6,267,421
142,718
55,911
9,017
4,177,675
3,572,813
167,995
7,918,483
York (Jen tral.
_.
140,069
118,688
—See Rock Island. Sy stem.
2d wk Mch
210,997
180,980
January
February
February
January
__
1,457,257 1,314,669
28,104
121,077
.
.
25.799
115,182
10695975 8,181,134
Mch 1,140,502 1,145,336
Mch
200,693
166,766
Mch
149,645
164,946
Mch
65,742
65,741
177,100
February
172,624
1st wk Mch
25,780
12,768
2d wk Mch
308,859
262,161
2d
2d
1st
1st
__
wk
wk
wk
wk
_
Texas Central
Texas A Pacliic
Tidewater A West. January
Toledo A Ohio Cent January
Toledo Peo A West. 2d wk Mch
Toledo St L A West 2d wk Mch
1.015,930
937,125
7,497,534
6,380,932
9,196,816 8,551,925
293,334
237,329
1,090,424
966,286
72,266,885 61,784 312
39,508,662 37,827,371
7,271,109 6,463,620
5,760,933 5,616,237
2,778,411
2,571,043
1,472,048
1,281,515
848,543
683,697
11,972,066 9,389,251
7,428
9",494
50,264
51,335
379,429
337,490 2.896,944 2,564,664
24 592
23,493
904,076
952,045
65 064
69,790
2,901 ,928 2,927,179
Tombigbee Valley
4 875
January
6,670
36.590
27,374
Tor Ham A Buffalo February
5 5,358
54 025
508,207
488,181
Union Pacific Syst. January
5,949,772 5,115 176 44,976.022 40,932 261
Virginia A So West. February
75 472
83,710
674 ,468
639,752
Wabash
2d wk Mch
50 2.800
465 494 19,251,222 17,038,812
Western Maryland. 2d wk Mch
1 09 ,405
90 329
3,733,807
3,218,251
West Jersey A Sea
264 410
280,010
January..
3,338,916 3,107.716
Wheel A Lake Erie. 1st wk Mch
109,537
106 029
4,085,430 3,864,172
1 2,962
W’msport A N Hr.. December
13 789
87,17.
94,300
Wisconsin Central.
532 099
January
540,531
4,347,834 4,184,621
Wrightsv A Tennille January
15 683
17,438
135,105
124,764
Yazoo A Miss Valley February..
83 5,386
791 248
6.435,362 5,583,267
_.
__
_.
.
_.
.
_
_.
._
Current
Various Fiscal Years.
Period.
Atlanta A Charlotte Air Line
Bellefonte Central
Manistee A Northeastern
...
Manistique
Mexican Railway
Mexican Southern
New York Central
Lake Shore A Michigan South
Lake Erie A Western
l Chicago Indiana A Southern
Michigan Central
Cleve Cln Chic A St Louis....
Peoria A Eastern
Cincinnati Northern
Pittsburgh A Lake Erie
Rutland
N Y Chicago A St Louis
Northern Central
d Penn—East of Pitts A Erie
d West of Pittsburgh A Erie..
Phila Baltimore A Washington
Philadelphia A Erie
Pitts Cln Chic A St Louis
Rio Grande Junction
Texas A Pacltlc
West Jersey A Seashero
.
Mch
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
'
Dec
Feb
Oct
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Jan
Jan
l}rcvious
Year.
Year.
31 $3,477,323 $3,293,915
28
9,526
10,149
31
365,747
361,824
28
9,140
9,698
28
1,314,500 1 .138,500
28
213,777
202,307
28 13,974,607 13,767,892
28
6,728,443 6,439,043
28
786,671
869,869
28
462,500
382,048
28
4,367 814 4,100,735
28
3,650,051
3,607,684
28
467,108
490,659
28
146 074
134 085
28
2,114,464
2,080,437
28
371.938
373,613
28
1,624,012
1,619,007
31
992,236
947,736
31 12,583,712 12,002,512
31
Inc. 305. 000
31
1,246,140
1,187,340
31
8,364,260 8,276,751
28
4,892,334
4,593,843
31
75,502
55,911
14
3,609,692 2,904,844
31
280,010
264,410
Jan
Jan
Dec
Feb
Dec
Mch
Jan
EARNINGS—Weekly and Monthly.
%
Monthly Summaries.
Cur’nt
$
+ 1,069,879 13.68
+ 733.985
8.61
+ 354,659
3.95
+ 384,974
2.78
+ 124.625
1.46
+805,130
+ 825,968
July 1 to Latsl Date.
Previous
Year.
.
AGGREGATES OF GROSS
1st week Jan
2d week Jan
3d
week Jan
4th week Jan
1st week Feb
2d week Feb
3d week Feb
4th week Feb
1st week Mch
2d week Mch
Week
__
|
30,128,605 27,695,272
Mexican Central.. January
Mexican Internat. 2d wk Mch
a Mexican Railway. 4th wk Feb
a Mexican Sou tern
4th wk Feb
Michigan Central
—See New York Cen tral.
Mineral Range
2d wk Mch
15,053
13,792
532,328
527,721
2d
wk Mch
Mlnneap A St Louis
72,692
65.472 2,6,68,472' 2,648,399
Minn St P A S S M.l2d wk Mch
215,709
209,952 8,546,310 8,133,380
Mo Kansas A Texas! 2d wk Mch
441,114
377,984 18,507,416 15,385,648
Mo Pac A Iron Mt-.l’d wk Mch
858,000
811,000 32,610,928 30,035,319
Central Branch.. 2d wk Mch
32,000
38,000 1,149,322 1,386,313
Total...
2d wk Mch
890,000
849,000 33,760,250 31,421,632
b Mobile Jack A K C December
139,700
92,984
743,921 i
466,475
Mobile A Ohio
—See Sout hern Rail way.
Nash Chatt A St L. January
1,050,356
6
909,256
739,264; 6,172,211
a Nat RR of Mex.. 2d wk Mch
335,392
282,157 10,609,275' 9,499,310
Hidalgo A N E.. 2d wk Mch
17,766
699,856!
Nev-Cal Oregon.
17.104
February
12,136
185.178
155,106
Nevada Central...
January
5,299
2,327
44,74427,560
a
_
ROADS.
259,952 2,160,314 1,914,925
121,433 1,042,296
904,512
113,358 1,088,309
824,609
3,232
27,194
23,835
6,764,966 53,271,762 46,633,405
360,616 2,147,550 2,049,686
86,144
900,370
617,963
2,191,758 15,032,044 13,716,728
5,802,508 54,076,049 50,986,382
213,394 1,809,432
1,367,201
4,466
38,610
41.302
2,902
28,773
29,347
161,789 5,801,144 6,261,304
136,523 1,059,888
916,912
119,241
957,095
975,7 71
79,400 4,707,800 3,433,900
1,143,000 48,499,000 42,263,666
252,700 8,822,123 8,252,973
2,002,423 15,485,889 14,836.708
3,117
113,397
95,271
2,225,816 14,583,685 14,089,970
2,950
27,434
21,071
987,255 7,747,692 7,217,458
Cornwall
January
Cornwall A Lebanon January
Deny A Rio Grande 2d wk Mch
Detroit A Mackinac 2d wk Mch
Det Tol A Iront Sys 1st wk Mch
Dul It L A Wlnnlp. December
26.768
24,670
Dul So Shore A At 1J 2d wk Mch
57,268
58,719
Erie
J January _. 4,126,002 4,201,436
Evansville A Ter H —See Rock
Island S ystem.
Fairchild A N E__. January
1,478
1,815
Fonda Johnst A Gl. Decern per
54,251
51,787
Georgia RR
January
280,003
238,477
Georgia Coast A P’t December
8,095
2,495
Georgia South A Fla —See Sout hern Rail way.
Grand Trunk Sys.. 2d wk Mch
767,708
735,167
Gr Trunk West.. 4th wk Feb
110,598
109,788
Det Gr H A Mil.. 4th wk Feb
35,038
35,958
Canada Atlantic- 4th wk Feb
32,483
32,162
Great Northern
February .'2,479,799 2,970,511
Montana Central. February J
177,074
217,748
Total system
February .12,656.873 3,188,259
Gulf A Ship Island- 1st wk Mch!
53,252
Hocking Valley
Latest Gross Earnings.
Sout hern Rail way.
_
.
July 1 to Latest Date
Previous
Year.
page.
9.28
9.22
4-627.636 6.15
+ 721 .430 '7.99
+ 886,285 10.15
Month
Month
Month
Month
Month
Month
Month
Month
Month
June 1906 (113
July 1906 (117
Aug 1906 (118
Sept 1906 (122
1906 (119
Oct
Nov 1906 (123
Dec
1906 (127
Jan
1907 (123
Feb
1907 ( 67
roads).
roads).
roads).
roads)
roads).
roads).
roads).
roads).
roads)
.
Year Prev’s Year.
l
$
146,010,301
168,336,461
179,191 .945
184,551,471
198,733,229
186 696,274
184,235,595
173,212,305
65,168,022
130,233,293
148,013,565
159,835,022
171,553,520
179,405,267
175,727,985
170.746,769
162,623,883
Inc.
or
Dec.
%
$
+ 15,777,008 12.11
+ 20,322,896 13.73
+
19.356,923 12.11
+ 12,997,951
+ 19,327,962
7.58
10.77
+ 10,971,289
6.24
+ 13,488 826 7 90
+ 10,588,422 6.51
63,850,213
2.06
+ 1,317,809
a Mexican
currency,
b Includes earnings of Gulf A Chicago Division,
c Includes the Houston A Texas Central and
Its subsidiary lines In both
years,
d Covers lines directly operated,
e Includes the Chicago A Eastern Illinois In both
years,
f Includes Evansville A.Indiana RR.
h Includes
earnings of Col. A South., Ft. Worth A Denver City and all affiliated
lines,
excepting Trinity A Brazos Valley RR.
A; Includes In both years earnings
of Denver Enid A Gulf RR., Pecos
System and Santa Fe Prescott A Phoenix Ry.
I
Figures prior to April 10 1905 are those of the Indiana Illinois dt Iowa
and Indiana Harbor of Indiana,
Mar. 23
which
second
shows
increase in the aggregate over the same week last year.
Latest Gross Earnings by Weeks.—In the table
follows we sum up separately the earnings for the
The table covers 37 roads and
week of March.
10.15%
Second week of March.
161,789
1,143,000
252,700
3,117
149,177
102,422
33,352
202,842
333,000
1,369,000
273,400
3,493
.175,169
111,653
30,537
232,092
356,300
Southern
Chicago Great Western.
Chicago Indlanap & Louisville..
Chicago Terminal Transfer
Colorado & Southern
Denver & Rio Grande
Chattanooga
International & Great Northern
Interoceanlc of Mexico
Iowa Central
Louisville & Nashville
Mexican International
Mineral Range
Minneapolis & St. Louis..
Minneapolis St. Paul & S. S. M.
Missouri Kansas & Texas.
Missouri Pacific & Iron Mount’n
Central Branch
Mobile & Ohio
National RR of Mexico
Rio Grande Southern
St. Louis SouthwesternSouthern Railway
Texas Central.
...
Texas <fc Pacific
Toledo Peoria & Western
Toledo St. Louis & Western....
Wabash
Western Maryland
Total (37 roads)
Net Increase (10.15%)
376
2,815
23,300
4,178
57,268
735,167
32,541
140,000
144,438
51,876
972,900
110,000
143,696
63,923
834,680
30,000
182,376
149.354
24,616
308,859
23,493
69,790
502,800
109,405
13,792
65.472
209,952
377,984
811,000
38,000
166,766
282,157
9,017
180,980
1,145,336
15,775
262,161
24,592
65,064
465,494
90,329
9,611,592
8,725,307
.
1,140,502
Cornwall.a.
29,250
767,708
15,053
72,692
215,709
441,114
858,000
32,000
200,693
335,392
8,763
210,997
July 1 to Jan 31.
1,498,893
Colorado & South Sys.a .Jan 1,177,038
7,953,303
July 1 to Jan 31..
28,629
Colum Newb’y & Laur.a.Jan
182,305
July 1 to Jan 31
.Jan
60,467
Copper Range, a
466,562
July 1 to Jan 31..
25,992
9,231
24,498
58,719
28,676
Detroit & Mackinac
Duluth South Shore & AtlanticGrand Trunk of Canada
1
Grand Trunk Western
i
Detroit Grand Haven & Mil. |
Canada Atlantic
J
226,000
20,700
1,451
—
742
12,047
138,220
33,022
1 ,261
7,220
5,757
63,130
47.000
6,000
33,927
53,235
254
30,017
4,834
1,099
4,726
37,306
19,076
886.285
March our final statement covers
roads and shows 7.99% increase in the aggregate over
For the first week of
same
week last year.
First week
1907.
of March.
*
$
Previously reported (39
roads).
Alabama Great Southern
Cln. New Orleans & Texas
Gulf & Ship Island
Texas Central
8,742,324
65,741
9,478,735
65,742
149,645
53,252
25,780
Pac.
164,946
52,933
12,768
9,038,712
9,773,154
Total (43 roads)
Net Increase (7.99%)
$
t
*
774,916
38,505
July 1 to Jan 31..
Iowa Central
a .Jan
July 1 to Jan 31..
Kanawha & Michigan.* .Jan
July 1 to Jan 31..
Kansas City South, a. .Feb
July 1 to Feb 28..
.
1
15,301
319
—
13,012
53.806
788,248
734,442
.
following
STEAM
compilation
of this
character, and in that form is given once a month. Early
returns are published from week to week, as soon as issued,
Net Earnings Monthly to Latest Dates.—The
shows the gross and net earnings to latest dates of all
railroads furnishing monthly statements.
The
includes every road from which we can get a return
returns are
readers all the roads making
brought together here in the week in which we
publish
monthly article on net earnings—say,
but for the convenience of our
our
20th of the month.
Gross Earn’gs
Current
Previous
Year.
Year.
$
$
Roads.
Top[& Santa Fe.b-.Jan 7,695,253
July 1 to Jan 31
53,271,762
Ala Tenn & Northern
Jan
4,842
July 1 to Jan 31
27,194
Atlanta BIrm & Atl.a
Jan
139,904
900,370
July 1 to Jan 31
Atlanta & Chari Air L_ a .Dec
367,257
Mch 1 to Dec 31
3,477,323
Atl Coast Line.a
Jan 2,426,242
July 1 to Jan 31
15,032,044
Feb 5.939.293
Baltimore & Ohio.b
July 1 to Feb 28
54,076,049
Atcb
about the
Net Earnings
Current
Previous
Year.
Year.
$
$
d2,395,995
46,633,405d20,270,510dl7,824,514
6,764,966 d2,489,502
3,232
23,835
86,144
617,963
360,616
3,293,915
2,191,758
13,716,728
5,802,508
50,986,382
14,666
1,593
12,958
60.743
507.779
2,810
24,363
14,547
156,277
240,409
108,159
89.060
1,001,960
823,811
633,518
730,467
3,784,245 4,590,337
1,462,326 1,874,317
18,405,852 18,509.963
Bangor & Aroostook-b.-Jan
July 1 to Jan 31.
Bellefontalne Central. b.Feb
Jan 1 to Feb 28
275,661
1,809,432
1,367,201
213,394
75.799
613.669
4,393
9,526
4 466
10.149
1,152
2.173
Brldget’n&Saco Riv_b._Jan
July 1 to Jan 31.
2,914
28,773
2,902
29,347
Buff Roch & Pittsburgh.bJan
July 1 to Jan 31
673,258
403
9,820
- 245,072
1,913,631
51,012
374,826
4,926,354
Buff & Susquehanna.a..Jan
163,589
July 1 to Jan 31
1,059,888
708,672
5,323,881
136,523
916,912
CalifornlaNorthwestera.aDec
119,241
43,157
128,863
July 1 to Dec 31
975,771
439,656
957,095
Canadian Northern
Jan
351,400
359,900 def58,900
July 1 to Jan 31
4,267,500 3,053,100 1,258,700
548,328
Canadian Pacific.a
Jan 4,205,527 4,422,690
July 1 to Jan 31
.41,670,000 35,804,666 15,134,194
206,089
921.749
Central of Georgla.a
Jan 1,092,464
July 1 to Jan 31
7,219.709 6,801,838 1,680,088
836,208
2,002,423
Central of New Jer.b—Jan 2,065,170
July 1 to Jan 31
15,485,889 14,836,708 7,411,554
11,902
232
Chattanooga South, a ...Feb
12,958
89,296
def.386
July 1 to Feb 28.
106,426
612,401
Chesapeake &'OhIo.b
Jan 2,000,288 2,225,816
July 1 to Jan 31
.14,583,685 14,089,970 5,341,954
Chesterf’d & Lanc’ster. b
July 1 to Jan 31
Jan
4,921
27,434
2,950
21,071
Chicago & Alton.a
July 1 to Jan 31
Jan 1.065,174
987,255
7,217,458
682,540
7.747.692
Chicago Gt Western.b..Jan
710,297
July 1 to Jan 31
5,782,420
Chic Indlanap & Louis.a Jan
430,897
3,538,864
July 1 to Jan 31
Chic Term Transfer, b
July 1 to Jan 31
Jan
134,518
-
1,010,406
5,309.868
423,038
3,555,937
146,488
1
,017,239
2,119
11,098
336,449
2,784,789
140,363
1.712,418
79,422
1,119,926
46,570
389,170
1,296,228
below.
27,770
390,697
847
1,824
883
10,358
325,664
2,487,634
43,377
334,521
35,178
442,051
99,300
1,089,200
1,267,234
13,454,633
172,288
2,022;932
882,010
7,353.883
3,551
5,841
883,664
5,609,038
1,011
8,316
270,892
2,235,303
157.482
1,651,593
102,306
1,283,501
51,287
378,345
52,809
357,306
997,931
7.012,383
318.662
2,376.972
303,440
2,235.935
25,866
169.936
2.776
28,775
56,968
399,541
15.178
180.465
4,805
33,926
21,334
176,336
23.508
7,666
57.867
14,289
62,169
21,950
145,106
20,392
155,420
542,956
4.785.286
18.719
132.072
619,053
4,754,013
30,535
7.879
57.918
9,939
51,608
46,619
621,222
66,184
639.454
921,763
8,926.931
1,052,747
8,911,435
193,138
225,364
Gulf & Ship Island.*... .Jan
1,187,725
1,407,787
July 1 to Jan 31..
537,755
.Jan
522,139
Hocking Valley.*
3,959,573
4,026,178
July 1 to Jan 31 _.
4,516,438
.Jan 4,659,059
Illinois Central.*
32,619,057 29.835.659
July 1 to Jan 31..
562,190
639,241
Interoceanlc of Mexico. .Jan
—
Decrease.
Increase.
1906.
S
Grand Trunk of Can—
2,240,536
.Jan 2,516,913
Grand Trunk Ry
19,963,355 18,246,454
July 1 to Jan 31..
414,626
450,151
Grand Trunk Western .Jan
122,149
147,941
Det Gr Hav & Mllw_. .Jan
118,256
.Jan
125,069
Canada Atlantic
45,461
931,746
Year.
$
Year.
118,102
126,696
July 1 to Jan 31..
39.856
39,399
Cornwall & Lebanon.b_ .Jan
269,161
282,362
July 1 to Jan 31..
Denver & Rio Grande.b .Jan 1,705.284 •1,586,451
12,578,181 11,756,311
July 1 to Jan 31._
97,943
107,721
Detroit & Mackinac.a.. .Jan
642,861
729,281
July 1 to Jan 31._
24,670
26,768
Duluth R L & Wlnn.b. .Dec
108,944
168,412
July 1 to Dec 31..
224.126
.Jan
234,099
Dul So Sh & Atl.b
1 817,372
1,930,621
July 1 to Jan 31..
4,201,436
.Jan 4,126,002
Erie, a
31,151,203 30,061,424
July 1 to Jan 31._
1,815
1,478
Fairchild & Northe’n.b .Jan
14,807
10,368
July 1 to Jan 31..
51,787
54,251
Fonda Johns & Glov.a. .Dec
388,936
418,911
July 1 to Dec 31..
2,495
8,095
Georgia Coast & Pled.....Dec
39,935
July 1 to Dec 31..
238,477
.Jan
280,003
Georgia RR.a
1,676,237
1,813,294
July 1 to Jan 31..
8,841
46,698
Earnings
Previous
Current
Year.
17,033
Jan
.
\Tet
Eam'gs
Previous
under Southern Ry System
Jan
190,413
187,253
Cln N O & Tex Pas—See
Colorado Midland.*
$
16,961
$
S
$
144,828
Gross
Current
Year.
$
Roads.
Decrease.
Increase.
1906.
1907.
*
Buffalo Rochester & Pittsburgh
Canadian Pacific
Central of Georgia
43
the
685
THE CHRONICLE
1907.]
def588
910
def2,325
22,939
210,412
4,278
23,174
194,085
15,344
23.812
401.081
51,706
546,505
574,733
5.556,082
530,448
5,120,044
37.959
40,392
21,412
28,712
4,380
defl8,492
56,778
324,277
390,915
104,175
171,150
1,494,946
1.388.112
9.418.499
182,157
9 138,295
995,936
244,887
1,769,066
h80,451
h601,454
180,341
191,308
1,349,598
726,988
1,278,659
35,277
315,698
667.330
293.349
1,889,409
65,898
•
1,302,211
3,524,027
4,083,476
272,747
171.238
1,512,129
189,396
991,716
/»63,519
/1461.582
58,413
356,092
161,841
1 ,165,426
4,945.463 2.248.565
0885,429
0845,939
2,681,839
.Jan
2,730,334
Lehigh Valley-b
21,104,577 20,254,086 08,463,819 08,113,104
July 1 to Jan 31..
20,031
9,871
41,279
41,919
Lexington & Eastern. b_,Jan
123,624
123,329
303,360
318,856
July 1 to Jan 31._
Dec. 22,329
Inc. 45,934
.Jan
Long Island, b
Inc. 293.363
Inc. 631,917
July 1 to Jan 31..
33,796
20,365
95,571
.Jan
88,381
Louisiana & Arkansas.*
208,149
192.041
552,631
675,879
July 1 to Jan 31..
1,128,535
1,099.847
3,749,549
Loulsv & Nashville.b. .Jan 4,107.323
7,362,922
7.735.737
28,037,769 24.832.227
July 1 to Jan 31..
145
1.466
4,761
5,169
Feb
Manlstlque.b
754
1,351
9,698
9,140
Jan 1 to Feb 28._
5,900,216
23,053
211,296
Maryland & Penna.a.. .Jan
July 1 to Jan 31_.
22,730
216,920
4.217
72,363
819,664
4.780.800
4,385
76.339
735,663
2,457,188
4,692.995
17.080,477 15,955,496
275,718
199.328
638,981
711,304
Mexican International. .Jan
1,735,801
1,480,716
3.915,656
4,627,847
July 1 to Jan 31..
9.557
defl.043
59,350
.Jan
55,468
Mineral Range, b
94,086
108,076
444,431
449,274
July 1 to Jan 31..
*82,885
Jt81.086
257,212
312,254
Mlnneap & St Louis, a.. .Jan
1(958,992
*830,391
2,277,276
2,291,326
July 1 to Jan 31..
400,417
138,175
860,705
706,290
Minn StP ASSM.b... .Jan
3,852,166
3,513,078
7,506,825 6,993,372
July 1 to Jan 31..
380,645
741,392
1,693,094
.Jan 2,293,266
Mo Kan & Tex.a
3.871,734
5.813.629
15,629,861 13,029,505
July 1 to Jan 31..
907,591
993.326
3,695,751
.Jan 3,830,629
Mo Pacific System.b
28,539,250 26,383,632 9.315,838 8,734,425
July 1 to Jan 31..
Mobile & Ohio.—See under Southern Ry System below.
252.149
198,832
909.256
Nash Chatt & St L.b.. .Jan 1,050,356
1,501,490
1.404,340
6,172.211
6,739,264
July 1 to Jan 31
494.108
503,121
1,204,976
National RR of Mexico. .Jan 1,334,060
2,977,146
3,202,957
7,850.351
8.730,719
July 1 to Jan 31__
19,164
84,136
Hidalgo & Nor’east’n -Jan
169,305
591,665
July 1 to Jan 31
6.229
3,336
12,366
14,178
Nevada Cal & Oregon.* .Jan
66,054
100,965
142.970
168,074
July 1 to Jan 31._
432
2.264
2,327
5,299
.Jan
Nevada Central, b
14,184
14,044
27,560
44,744
July 1 to Jan 31..
142,338
168,737
565,635
615,719
N Y Ontario & West.a. .Jan
1.367.488
1.653,873
4,908,166 4,589,414
July 1 to Jan 31..
91,793
72,627
258,037
278,094
.Jan
N Y Susq & West.*
532,014
516,717
1,673,920
1,775,350
July 1 to Jan 31
990,909
959.025
2,375,628
.Jan 2,559,334
Norf & West.b
6,575,235
6,576.395
17,645.012 16,262,504
July 1 to Jan 31..
190,028
132.828
947,736
992,236
.Jan
Northern Central, b
Mexican Central
.Jan 2,732,903
July 1 to Jan 31..
Pennsylvania System—:Lines directly operated—
East of Pitts & Erie.. Janl2,583,712 12.002,512
Inc 305,000
West of Pitts & Erie..Jan
1,187,340
Phlla Balto & Wash.b
Jan 1,246.140
660,853
692,367
Philadelphia & Erie. b_.Dec
8,364,260
8,276,751
Jan 1 to Dec 31
2,149,467
Pitts Cln Chic & St L.a.-Feb 2,385,912
4,892,334 4,593.843
Jan 1 to Feb 28
.
3,138,099
2,942.399
Dec 143,100
167,383
211,683
88,991
2.191.020
405.112
910.410
139,454
2.401,026
2.768
369.700
932.599
1.199
12,969
4,675
9,490
Raleigh & Southport.a..Jan
14,850
34,844
54,714
July 1 to Jan 31
Reading Railway—
1,118,107
1.055,137
3,452,092
Phlla & Reading, b..,. Jan 3,686,868
10,002,130
July 1 to Jan 31.2
24,728,984 24,274,994 9.242.516
196,077
312.195
2,815,329
Coal & Iron Co.b_.J..Jan 3,815,258
1,412,393
1.207,234
20,918,041
July 1 to Jan 3y.
1,314,184
1.367,332
Total both cos.KX
Jan 7,502,126 6.267.421 10.449,750 11,414,523
July 1 to Jan/31
46,536,489 45,193,035
142,125
128,048
Reading Co
/_
Jan
855,033
915,991
July 1 to Jan 31
21^8OZ*505
Total all cos
July 1 to Jan 31
Jan
1,495,380 1,456,309
11,365,741 12,269,556
086
THE CHRONICLE
-<
Gross Earn’gs
Current
Previous
Year.
Year.
Roads.
$
Richmond Fred A Pot. ..Jan
July 1
to Jan 31
$
168,088
1,045,529
Rio Grande Jet
Net Earnings
Current
Previous
Year.
Year.
$
$
3,525
26,673
Denver & Rio Grande.. .Jan ' 352,464
July 1 to Jan 31__
2,490,099
13,806
152,400
22,451
150,525
1
,333,189
11,375,068
1,111.774
9,677,847
1
,300,493
9,861,858
1,146,719
8,546,608
73,794
645,900
68,845
606,489
7,918,483
2,707,476
57,681,806 21 ,882,826
2,327,338
18,830,944
Evansv
Jan
A T Haute. a. Jan
1 to Jan 31.
July
Total of all lines.a-.
July 1 to Jan 31.
4,859.762
4,177,675
34,817,034 31,188,451
4.258,345
3,572,813
28,649 ,606 25,184,219
165,657
1,374,276
Jan 9,283,764
..
64,840,916
167,995
1,309,136
St Jos A Gr Isl’d.b
..Jan
140,069
July l to Jan 31.
1,015,930
937,125
54,463
412,521
34,660
330,235
St Louis Southwestern. b. Jan
883,416
July 1 to Jan 31
6,225,400
715,638
5,310,387
206,029
2,091 ,728
129.532
1,483,591
299 ,986
396,152
2,785,787
118,688
.Jan
8,437
.
Southern Indiana, b
.Jan.
July 1 to Jan 31.
Southern
133,748
969,347
1,314.669
8,551,925
1.910,867
121,273
851,104
54 ,390
42.851
335,054
413,504
Pacific, a
..JanlO.695,975
8,181,134
3,344,690
2,299,398
1 to Jan 31.
72,266,885 61,784,312 27,341,136 21.411.860
July
Southern Ry system—
Southern
July 1
Mobile
Railway.a
Jan
..
4,616,719
4,553,356
32,933,023 31,157,799
to Jan 31.
A Ohio.a.
1 to Jan 30.
.Jan
684,058
7.788,621
1,124,234
9.140,915
Previous
Year.
$
6,741
121,404
12,897
117,275
4,178
29,165
18,425
118,433
16,214
126,255
343,312
2,438,122
244,857
2,443,677
328,119
2,474,465
*
_
Duluth So Sh & Atl
.Jan
July 1 to Jan 31..
86,641
599,047
.Jan
Georgia RR
July 1 to Jan 31_.
a51,031
a362,241
.Jan
Hocking Valley
July 1 to Jan 31..
60,878
440,746
61,521
£42.205
£110,640
463,924 Xl ,101,625 £1,231,917
Kanawha & Michigan.. .Jan
July 1 to Jan 31..
20,637
153,327
140,497
Jail
Maryland & Penna
July 1 to Jan 31..
Mineral Range
.Jan
July 1 to Jan 31..
3,968
34,067
3,834
32,834
.
Seaboard Air Line.a.. ..Jan 1 ,4 57,257
9 .196,816
July 1 to Jan 31-
$
59.Q61
47,515
344,058
a
$
July 1 to Jan 31..
46,051
366,678
.
$
Cornwall & Lebanon.... .Jan
July 1 to Jan 31.
Rio Grande South'n.b ..Jan
July 1 to Jan 31.
St Louis & San Fran.
July 1 to Jan 31.
Current
Year.
8,437
59,061
nl6,773
,
Year.
Copper Range
7122,650
—Bal. of NetE'ngs.—
Previous
50,008
321.286
55,911
Island system a i. .Jan
July 1 to Jan 31.
Roads.
LXXXIV
Current
Year.
50,866
301,387
75,502
Rock
—Int., Rentals, &c.—
142,718
932,690
Dec
..
[VOL.
Mo
Kan
& Tex
423,676
2,902,726
Nashv Chatt & St L_._ .Jan
July 1 to Jan 31._
149,492
1,046,414
July 1
& Oregon .Jan
to Jan 31..
£15,349
£166,154
£39,075
£219,888
249
551
43,505
149,590
22,571
1,618
196,349
38,296
9,946 £defl0,819
66,625
£39,422
365,628
317,716
2,552,185
2,910,903
49,340
357,926
1,047,506
2,639
17,635
3.302
.
def27,209
44,924
19,855
9,946
July 1 to Jan 31..
Nevada Cal
a51,515
a363,329
69,675
.Jan
.
109,911 £def38,806 £def42,965
612,162
130,230
£35,027
£defl55
£28,846
15,017
1,319,549
102,559
453,984
£4,486
£802
£88.205
£49,895
95,528
N Y Ont & Western
.Jan
73,209
July 1 to Jan 31..
519,653
Norf & Western
.Jan
402,540
July 1 to Jan 30._
2,674,668
68,370
494,663
1,134,220
73,968
872,825
334,207
2,359,755
556,485
3,901,727
4.215.480
Reading Company
July 1 to Jan 31
867,882
6,075,170
604,880
5,132,241
6,194,386
....
656,702
931,602
6,034,140
824,985
5,339,248
307,750
1,936.800
294,316
1,783,926
Jan
605,461
4,924,892
709,362
4,741,868
92,820
924,206
163,125
1,114,958
.Dec
8,333
8,333
14,317
8,440
.Jan
356,702
2.375,822
328,021
2,179,113
59,860
449,736
59,846
443,408
Rio Grande Southern__ .Jan
July 1 to Jan 31._
17,033
125,678
17,734
126,147
£617
£35,123
£8,788
£32 ,004
Georgia Sou & Fla. a.Jan
201,481
July 1 to Jan 31.
1.294,948
109,875
1,108,891
56,790
St Jos & Gr Island..
.Jan
July 1 to Jan 31..
20,967
238.546
37,262
298,388
21,432
145,908
33,496
269,791
113,244
722,477
83,230
603,062
35,974
345,530
251,676
13,228
184,327
£98,045
£713,124
7,428
50,264
9,494
51,332
1,037
3,761
3,526
12,282
July
.
Cine N O & Tex Pac.
July 1 to Jan 31.
Ala
a
Gt
Southern.a.
July 1 to Jan 31.
.
Texas Central.a..
July 1 to Jan 31
.
Tidewater & Western, b.
July 1 to Jan 31
,
a.
to Jan
Feb
—
.
Tomblgbee Valley Co.
1
Jan
..
.Jan
Jan
31.
379,429
337,490
97,939
2,896,944
2,564,664
966,724
83,260
.722,018
99,355
859,856
104,142
905,744
19,186
21,070
198,763
207,279
332,997
2,471,114
329,712
2,509,007
p92,369
p681.795
p60,704
p587 ,024
6,670
4,875
12,930
16,841
Union
Pacific.a
.Jan 5,949,772
July 1 to Jan 3144,976,022
Virginia & Southwest. b. Feb
83,710
Julyl to Feb 28
674,468
.
-
Wabash, b
..Jan 2,107,961
_
July 1 to Jan 31.
16,248,693
West Jersey A Seashore b Jan
280,010
Western Maryland .a..
Jan
430,631
July 1 to Jna 31.
3,120,190
Wheeling A Lake Erie. b. Jan
445,865
July 1 to Jan 31.
3,564,649
W’msport & Nor Bell. a. Dee
12,962
July 1 to Dec 31
87,172
Wisconsin Central. b
.Jan
540,531
July 1 to Jan 31.
4,347,834
Wrlghtsv & Tennllle.b ..Jan
517,438
July 1 to Jan 31.
S135.105
Yazoo A Miss Vail .a ..Jan
967,849
July 1 to Jan 31.
5,599,976
..
..
.
—
a
32,210
.
Rio Grande Jet
890,500
6,233,500
.
Seaboard Air Line.
.Jan
July 1 to Jan 31._
142,730
Texas Central
.Jan
July 1 to Jan 31..
Toledo & Ohio Central. .Jan
July 1 to Jan 31..
37,037
-258,523
Tol Peoria & Western
.Feb
July 1 to Feb 28..
193,120
Net earnings here given are after
2.428
2,157
5,919
5,492
5.115.176
2,704,768
2,265,122
40,932,261 21,513,964 19,460,967
75,472
39,362
33,916
639,752
196,220
252,120
2.046,053
520,114
430,481
14,734,706
4,956,183 4,372,401
264,410
def99,796
11,304
370,422
V 132,522
2,683,188 y\ ,007,678
451,417
100,854
3,351,709
1,245,211
7/129,171
z/845,969
-
145,9 30
975 ,910
24,432
2,532
94,300
532,099
4,184,621
1
27,159
65,452
1,6 13,885
si 5,683
3,238
38,071
sl24,764
901,618
278,358
877,794
4,792,019
1.924
31,736
162,040
1,546,386
3,815
47,488
21 l .765
485,545
deducting taxes,
b Net
earnings here given are before deducting taxes.
(1 The company now Includes earnings of the Denver Enid A Gulf RR..
Pecos Valley system and Santa Fe Prescott A Phoenix Ry. in both years.
For January taxes and rentals amounted to $210,021, against $196,.‘143 in
1906, after deducting which, net for January 1907 was $2,279,481, against
$2,199,652 last year.
From July 1 to Jan. 31 1907 taxes and rentals were
$1,474,725, against $1,414,875 last year.
h For Jan. 1907 additional Income was $7,702. against $9,489 In 1906,
and from July 1 to Jan. 31 was $29,773 In 1907, against $32,597 in 1906.
k For Jan. 1907 additional income was $20,370, against $15,238 in 1906,
and from July 1 to Jan. 31 was $154,462 In 1907. against $113,825 in 1906.
n These figures represent 30% of gross
earnings.
o Including
other Income, total Income (exclusive of results of coal
companies) for January is $903,916 In 1907, against $900,240 In 1906,
and for period from July 1 to Jan 31 Is $9,144,234 In 1907, against $8,438,088 In 1906.
Deductions from total Income for additions and Improve¬
ments were $164,720 In January 1907, against $86,337 In 1906, and from
July 1 to Jan. 31 were $1,262,736 In 1907, against $880,968 last year
p For Jan. 1907 additional Income was $3,098, against $4,657 in 1906;
and for period from July 1 to Jan. 31 was $21,782 in 1907, against $14,705
last year.
s Includes $441
x
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
*
$
23,422
183,478
def5,246
5,643
Miscellaneous
Gross Earn’gs
Current
Previous
Year.
Year.,
$
$
Companies.
Buffalo Gas Co
Oct 1 to Jan
.Dec
27,512
236,108
26,084
16,690
211 ,723
119,721
16.510
110,533
31..
Fall River Gas Works, a
Jan 1 to Dec 31.
Houghton Co El Lt Co.
Jan
1
.
a
Dec 31..
to
Hudson Rlv El Pow.Co. .Jan
96,892
76,038
46,053
40,218
83,842
543,186
67,345
467,509
40.411
248,888
28,083
211,806
Lowell El Lt Corp.a
Dec
Jan 1 to Dec 31..
28,651
27,530
277,914
254,935
13,535
105,424
12,961
99,629
Minn Gen El Co. a
Jan 1 to Dec 31..
87,001
805,631
77,894
724,580
37,472
363,627
34,431
340,781
569,764
482,835
3,985,119
111,513
891,805
89,011
919,416
.Jan
374,645
337,994
Pocahontas Collieries Co. Dec
Jan 1 to Dec 31
21,324
289,194
19,708
251,920
28,120
.
Dec
Pacific Coast Co..
.Jan
July 1 to Jan 31..
Pittsburgh Coal
4,206,538
.
..
January
U S
.
..
Telephone Co
.Jan
32,946
30,747
21,520
19,010
246,594
1,439,768
210,692
1,187,680
60,582
339,186
49,970
264,437
Wyom Val Gas A El Co...Jan
18,032
12,924
9,521
4,792
a
b
Net
earnings here given are after deducting taxes,
Net earnings here given are before deducting taxes.
Miscellanoeus
Companies.
—Int., Rentals, &c.—
Current
Year.
Previous
Year.
$
$
Companies.
Cumb Tel A Tel Co
Jan 1 to Feb 28
$
31,540
50,661
Cuyahoga Telephone
Jan
EdisonElIllCo(Brockt’n) Dec
13,928
13,016
7,592
5,993
708
729
8,405
46,805
6,500
34,158
16,695
140,428
13,878
16,882
128,818
Jan
1
Dec 31
to
246
"
504
6,774
4.907
2,812
33,750
2,812
33,750
1,797
17,000
1,443
16,370
Dec
8,908
107,180
849
547
Pittsburgh Coal
Jan
1,567
1,224
236,277
249,245
Pocahontas Collieries Co.Dec
Jan 1 to Dec 31.
18,206
212,994
/16.951
22,199
196,088
28,070
167,952
16,303
271,885
7,108
274,099
5678,559
5643,305
54,194,195 54,251.475
Chicago Great Western..Jan
178,973
169.584
July 1 to Jan 31
1,231,528
1,196,647
157,649
3,217,359
238,705
3,102,408
def.12,102
454.946
Central of New Jersey
July 1 to Jan 31
Jan
def.38,610
480,890
Houghton Co El Lt Co ..Dec
Jan
1
Dec 31
to
..
.
.
January
United States
.
_
Telephone. Jan
Victor Fuel Co
July' 1 to Jan 31
Jan
'
13,928
23,123
162,952
145,804
288,577
8,452
8,584
_
Fall River Gas Works
Dec
Jan 1 to Dec 31..
Minn Gen El Co
Jan 1 to Dec 31
26.854
167,771
*
39,086
62,777
300
600
...
—Bal. of Net E’nos.—
Current
Previous
Year.
Year.
Feb
303
606
California Northwestern .Dec
July 1 to Dec 31
35,062
Victor Fuel Co.b
.Jan
July 1 to Jan 31..
845
340
7,229
42,610
Keystone Telephone Co. .Jan
July 1 to Jan 31..
9,602
156.968
6,557
17,386
133,725
36,972 '
352,958
Dec.
to
59,898
364,417
6,019
16,941
147,202
37,444
363,021
1
66.197
456,701
defl40
19,009
Dec
Jan
Bangor & Aroostook....Jan
July 1 to Jan 31
543
21,520
9,113
55,389
30,747
Dec
3,801
38,225
144,695
170,042
331,032
18,851
145,979
.Dec
a
Lowell Elect Lt Corp
Jan 1 to Dec 31
543
5
36,686
135,782
184,890
351,354
32,946
19,801
166,799
.Jan
Ed’nElIllCof Brockton)
def2,495
39,898
3,801
Previous
Year.
Cuyahoga Teleph Co
433,497
869,528
965.571
2,634
74,663
Bridgeton ASaco River..Jan
July 1 to Jan 31
23,801
478,854
17,042
116,379
143,362
$
31..
21,729
165,746
Feb
def2,352
Cumb Tel & Tel Co. b_
Feb
Jan 1 to Feb 28..
Atlanta Blrm A Atlantic. Jan
July 1 to Jan 31
Bellefonte Central
Jan 1 to Feb 28
£36,454
£453,957
Net Earnings
Current
Year.
.Jan
Year.
$
29,627
233,595
Companies.
Year.
$
Roads.
33,391
After allowing for other Income.
Interest
—Int., Rentals. Ac.—
Current
Previous
327,449
£62,419
£714,046
Charges here Include road rental (paid by lessee) and other deductions.
other Income for Jan. 1907, against $437 In 1906 and
$3,404 from July 1 to Jan. 31 1907, against $3,224 last year.
V For January additional Income and net profits from coal, Ac., were
$97,755 this year, against $103,054 last year, and from July 1 to January 31
were $381,458 this year, against $476,475 last
year.
Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the
foregoing,
also report charges for interest, <fcc., with the surplus above
or deficit below these
charges:
-
2,583
18,081
47,497
271,322
588,427
b Included In the fixed charges are expenditures for renewals, additions,
and Improvements amounting to $37,186 for January, against $144,620 In
1906, and to $712,430 from July 1 to Jan. 31 1907, against $1,084,357 last
year.
.
13,789
£def30,801
2,087,528 £df339,23 6
2,583
18,081
..
a
304 768
337,448
2,264.389
__
..
Tol St L & Western.a.
July 1 to Jan 31.
Nov
Jan
..
Toledo & Ohio Central.
July 1 to Jan 31
Tol Peor A Western b
July 1 to Feb 28.
.Jan
.Jan
,
9,070
111,710
/16.642
13,017
21,954
126,742
85,971
11,738
88,424
28,564
256,447
138,368
3,118
76,200
2,757
138,502
280,371
13,698
76,783
11,518
83,259
25,361
229,071
88,749
12,863
7,592
55,832
11,478
5.993
45,480
233,702
36,178
192,832
f Includes sinking fund and preferred stock dividend.
x After allowing for other Income received.
Mar. 23
667
THE CHRONICLE
1907.]
-Int., Rentals, &c.—
Current
Previous
STREET RAILWAYS AND TRACTION COMPANIES.
Year.
Year.
Latest Gross Earnings.
Name
of
Current
Year.
Week or
Month.
Road.
....
^
1
Jan.
Previous
Year.
to
36,493
195,666
36,124
138,962
Syracuse Rap Trans Co. .Feb
25,100
49,719
22,092
43,850
231,324
462,865
231.991
464,046
-
Jan
■
December
Albany & Hudson
a American Rys Co
February
cAur Elgin & Chic Ry January
February
Binghamton Ry..
Blrm Ry Lt & Power February
Brockton & Ply St Ry December
Burlington (Vt) Trac January
Cape Breton Elec Co. December
Central Penn Trac
February
Chari Con Ry Gas&El February
Chicago & Mllw Elec. February
c/Chlcago & Oak Park February
Cleve Palnesville & E January
Cleveland & Southw. February
.
._
.
..
.
.
..
.
.
.
_
_
..
Dallas Elec Corp’n..
Detroit Jack’n & Chi.
Detroit United Ry
Duluth Street Ry—
East St Louis & Sub.
El Paso Electric.
Ft Wayne & Wabash
_
_
.
December
2d wk Mch
2d wk Mch
2d wk Mch
..
January
Valley Traction
Galveston Electric Co
Hartf & Spring St Ry
Havana Electric Ry.
Honolulu Rapid Tr &
Land Co._
$
25,241
178,094
80.258
19,364
138,788
6,278
6,200
21,685
45,531
.18.031
15,858
39,718
84,735
.
..
December
.
February
.
Wk Mch 17
88,892
42,308
352,047
41,575
91,178
27,258
9,166
33,611
80,145
22,602
9,140
34,032
315,135
19,737
365,929
28,381
19,973
54,117
262,363
21 ,087
Indlanap Col k, South!December i
10,104
Jackson Consol Trac. January
31,882
Jacksonville Elec Co.iDecember J
Kan City Ry & Light;January __j 479,021
70,845
Lake Shore Elec Ry.j December
35,267
Lex& Inter Rys Co.
February
10,862
Madison & Int Trac.
February J
216,220!
Met West Side Elev.
February
304,991
Mllw Elec Ry & Lt Co January
53,467
MUw Lt Ht & Tr Co..jJanuary ..
60,074;
Montreal Street Ry.-iWk Mch 16
122,945
Nashville Ry & Light1 January
23,571
NJ&HR Ry&Fy Co February
541,653
N O Ry & Light Co.. January
125,191;
Nor OhioTrac & Lt.. January
78,750;
Nor Texas Trac Co.. December
147,789
Norf & Portsm Tr Co January
123,809
Northwestern Elev.. February
Oklahoma City Ry.. February
14,002;
.
...
_
.
_
_.
6,200
211,980
95,362
104,306
80,036
137,664
15,858
86,285
934,707
18.031
93,358
12,962
143,192
28.104
958,039
129,249
143.192
288,943
80,145
268,321
18,434
334,805
178
91
27,958
28.381
229,242;
591,347
27.958
16,853
46,413
212 272'
167.065
517 313
449.320
210.2ND
542,402j
“l9J35!
240,034
10,104;
9,745
23,618
326,466!
427,330!
479,0211
866,970!
305,636
427.330
788.268
68,316
9,745
66,560
30.509
8,503i
189,798
276,021
44,846
53,222
105,932!
22,006
498,578
114,968
57,296;
75,032
22,3901
17,309
390,864
276.021
448,9751
304,991;
53.467
648,403!
44,846
570,416
122,945;
105.932
130,145
51,262;
541,653
125,191
854,136
147,789
261,188
28,912
12,639
211,176
hi ,684,157
62,7 IF
48,655
60,214
54,146
*31,410
611,215
134.531
February
90,424!
Syracuse Rap Tr Ry. February .
41,161
Tampa Electric Co.. December.
83.271
Terre Haute T & L Co December
170,684
Toledo Rys & Light. January ..
Toronto Railway
jWk Mch 16 60,367
157,239
Trl-Clty Ry & Lt Co. December
107,712
Twin City Rapid Tran; 1st wk Mch
/J562.200
United RR of S F
i December
United Rys of Balt.. December
764,680
United Rys of St L._ February .
18,459
Wash Alex & Mt Ver. December
28,903
Whatcom Co Ry & Lt; December .
133,108
277,768
78,766
37,353
187,549
469,222
126,792
586,235
276,337
164,368
411,763
61,062
823,162
629.760
159,053
170,684
52,118
144,535
982,076
92,483
631,004 h5,955,787
6,579,821
1,591,017
713,664
159,053
.
._
..
.
._
.
_
Peeksklll Light & RR
Pitts M’K & Green..
Portland Rys Co
St Joseph (Mo) Ry Lt
Heat & Power Co._
Savannah Electric Co
South Side Elevated.
January
12,639i
..
December.
December.
February
December
.
.
.
117,001
89,616
10,210
13,879
13,045
145,329
_
123.8311
20,528
23,311
1
to
Feb 28..
United Rys of St Louis..Feb
Jan 1 to Feb 28
x
After allowing for
286,724
102,143
111,775
6,217
258,417
104,069
107,812
115,408
139,153
94,265
1,023,136
533,294
1,067,655
139,364
164,510
391,655
.
378,532
80,258
39,835
403,560
36,593
66,034
January
Houghton Co St Ry.. December
Houston Electric Co. December
Illinois Traction Co-. February .;
.
$
%
50,793
44,707
89,439
5,861
107,548
14,051
164,510
.
January
December
$
27,125
192,829
88,892
20,229
164,126
6,944
6,217
23,693
49,763
52,478
52,777
66,382
45,974
498,578
114,968
661,037
123,831*
242,867
18,273
10,210
182,630
1,822,909
J
875,795
7,059,003
6.023,698
1,495,452
273.266
251.643
279,469
195.009
$
Feb
Montreal Street Ry
Oct 1 to Feb 28
Previous
Year.
Current
Year.
$
Roads.
tatest date.
—Bal. of Net E'ngs.—
Current
Previous
Year.
Year.
$
$
24,700
243,598
13,770
32,683
21,253
259,880
defl 5,123
18,632
76,997
12,909
27,620
1,803
other Income received.
ANNUAL REPORTS.
Annual
Reports.—The following is
an
index to all annual
railways and miscellaneous
companies which have been published since the last edition
of the “Ry and Industrial” and “Street Railway” sections.
reports of steam railroads, street
This index does not include reports in to-day’s “Chronicle.”
Page. j
Industrials—(Concluded.)
Page
511
Chicago Peoria & St. Louis
505 Hudson River Telephone
Railroads—
Illinois Brick (bal. sh. Dec. 31).
337
International Sliver
567
Intern. Smokeless Pow. &Chem. 393
Kansas National Gas
568
Keystone Telephone, Phlla
218
269
Lackawanna Steel
Lehigh Coal & Navigation
568
155
Delaware & Hudson
623
Del Lackawanna & Western
455
Huntingdon & Broad Top Mtn.
Cleve. Cln. Chic. & St. Louis
RR. &Coal._*
339
390
Maryland & Pennsylvania
New York Chicago & St. Louis. 155
Norfolk & Southern
Northern Central
159
504, 51 3
Pennsylvania RR
566, 574
Rutland RR
623
Phllade'phla & Erie.
West Jersey & Seashore
391
5 72
Industrials —
American Can.
337
American Cigar
Amer. Dlst. Teleg. Co. of N. J._
Amer. Dlst. Teleg. Co. of N. Y_
American Pipe Manufacturing..
American Radiator
American Snuff
Amer. Soda Fountain (bal. sh.)_
567
572
447
Mackay Companies
1
222
218
625
567
272
Mfrs. Light & Heat, Pittsburgh. 448
Marsden Co
274
Massachusetts Lighting
452
Milwaukee & Chicago Breweries. 452
389
Montana Coal & Coke
National Biscuit
388
National Carbon
506
Nebraska Telephone
452
New York & New Jersey Teleph. 452
New York & Richmond Gas.... 511
Nova Scotia Steel & Coal
452
North American
269, 278
Osceola Consolidated Mining
452
Pennsylvania Telephone
342
People’s Gas Lt. & Coke, Chic.. 388
Pittsburgh Coal
389
Pittsburgh Plate Glass
342
Ref. (bal. sh. Dec.31) 448
American Woolen
567
American Writing Paper
506
Associated Merchants (half-yr.). 510
Bell Telephone Co. of Canada.
573
Bell Telephone Co. of Phlla
451
Bell Telephone Co. of Missouri.
510
Am. Sugar
Pressed Steel Car
Prov. Loan Society
_
447
569
of N. Y
Quaker Oats
Quincy Mining
Railway Steel Spring
Richelieu & Ontario Navigation.
506
577
569
Chesapeake & Potomac Teleph. 510 j Sloss-Sheffield Steel & Iron
Southern New.F.ng. Telephone.
Chicago Jet. Rys. & Union Stock
Yards
446 Spring Valley Water
389 Toronto Electric Light
Chlcag- Pneumatic Tool
625
-
Central Dlst. & Print. Tel. Pitts. 392
Central Leather.
505
453
275
577
395
573 Union Natural Gas Corp., Pitts. 395
453
449
Consolidated Rolling Stock.... 567 United Box Board & Paper
453
Consolidated Rubber Tire
627 United Copper (13 mos.)
448
Creamery Pkg. Mfg., Chicago.. 269 : United States Leather
505
Cumberland Teleph. & Teleg
393 United States Steel Corp..624, 631
Daly-West Mining
510 Warwick Iron & Steel
343
627
Diamond Match
341 Washington Ry. & Electric
Colorado Telephone
Consolidated Cotton Duck
Consolidated Gan of New York.
452 Union OH. California
219 Union Switch & Signal
Street Railways—
Georgia Railway & Electric
570
International
Traction. Buffalo. 624
510
Inter-State
Railways,
570
269
Phlla
Dominion Coal
505, 514
Du Pont (E. I.) de Nemours
449
Empire Steel & Iron
General Ghemfaal
.
Guggenheim Exploration
Havana
Tobacco
567
505; Louisville Ry
567 Twin City Rapid Transit
446
,
I
Texas & Pacific Railway.
a Figures for the month In both years Include operations of the Scranton
Ry., acquired Jan. 1 1906.
b Figures are from Feb. 1. c These figures are
for consolidated company,
d These are results for main line. / Now In¬
cludes Rapid Ry. Syst., Sandwich Windsor & Amherstburg Ry. and Detroit
Monroe & Toledo Short Line Ry.
h These are early preliminary returns;
decrease due to earthquake, fire and strike among employees. Aug. 26 to
Sept. 5 1906.
k Decrease due to
n Figures are for all departments.
Lewis & Clark Exposition last year.
Street Railway Net Earnings.—The following table gives
the returns of STREET railway gross and net earnings
reported this week. A full detailed statement, ineluding all
roads from which monthly returns can be obtained, is given
once a fnonth in these columns, and the latest statement of
this kind will be found in the issue.of Mar. 2 1907.
The next
will appear in the issue of Mar. 30 1907.
Roads.
49.763
104,069
45,531
95,362
2,258
8,037
2,436
6,031
Feb
52,478
654,391
50,793
614,963
17,398
239,946
18,169
242,355
Feb
52,777
115,408
44,707
94,265
36,593
80,036
23,231
52,370
15,543
36,293
39,718
86,285
15,884
35,838
12,737
creased 32.63% over last year.
The capacity of the road has been taxed to the utmost during
year to
move the business offered and to avoid the congestion that impeded traffic
The cotton crop during
upon the lines terminating at Galveston.
31,755
year,
262,363
542,402
212,272
449.320
115,159
229,504
95,718
206,077
35,267
30.509
68,316
10,587
23,216
7,447
18,552
.
Cleveland & Southwest.. Feb
Jan 1 to Feb 28
Lexington &
Jan
1
Feb 28.
Montreal Street Ry
Oct 1 to Feb 28
Oklahoma City Ry Co
Jan 1 to Feb 28
Syracuse Rap
1
Jan
—
Feb
Feb
Trans Co.. Feb
to
Feb 28..
United Rys of St Louis a.
Jan 1 to Feb 28
a
Feb
Interurban.Feb
to
—
Feb
75.032
J
243,468
213,416
61,193
1,327,460
1,171,015
439,264
57,377
398,842
3,151
5 ,685
4,754
10,008
14,005
28,916
8,916
18,273
90,424
187,549
78,766
164,368
38,816
82,294
34,417
70,428
764,680
713,664
1,495,452
216,201
464,668
250,62 3
541,043
1,591,017
Interest
Hnghamton Ry Co
1 to Feb 28
July 1 to Feb 28
Feb
Jan
Charleston
Mch 1
Consolidated.Feb
to
Feb 28
on
hand Dec. 31 1905
„*605,770
3,082,818
230,247
1,909,43o
-
Surplus from operation and other net Income, 1906
Decrease In assets (new equipment)
Increase in liabilities (chiefly bills and accounts payable)...
Charges and Surplus.
—Bal. of
Current
Year.
NctE’ngs.—
$
Previous
Year
$
112
731
defl ,618
16,004
62,290
7,371
14,747
58,136
defl.175
31.941
34,990
13,402
157,100
12,708
157,041
3,996
82,846
5,461
85,314
8.031
the past
both in Texas and Louisiana, shows Increased acreage, particularly
in the country tributary to the company’s lines, and the plant has been
healthier, probably due to Increased care bestowed upon Its cultivation.
Road.—No Increase has occurred In the mileage of the company’s lines
In Texas or Louisiana during the year 1906.
The extension of the Avoyelles
branch from Slmmesport to Melville (21.76 miles), constructed In 1905, was
put In operation early In the year 1906, and the Increased mileage resulting
therefrom appears In this report.
New Equipment Trust.—A new series of equipment trust certificates was
Issued during the year designated Series G, amounting to $250,000, secured
by the following equipment: 12 locomotives, 75 combination coal and bal¬
last cars, 20 caboose cars, 3 baggage and express cars, 1 baggage, mall and
express car, 1 postal car.
(V. 83, p. 1591.)
Application of Resources.—The following statement will show In what
manner the company’s resources were applied during the year:
Resources—
—Int., Rentals, &c.—
Current
Previous
Year.
Year.
$
5
Roads.
the
Cash
here given are after deducting taxes,
earnings here given are before deducting taxes.
Net earnings
b Net
territory Is
Perhaps the best Indication of permanent growth that a railway operating
In a comparatively new country can show Is In its annual Increase of local
freight per mile.
The Texas & Pacific shows :
Local Freight Business from 1903 to 1906.
1906.
1905.
1904.
1903.
Local frt. transp’ted (tons) ..2,005,635
1,782,576
1.595.682 1,454,503
do
do
976.2
842.2
per mile of road
1,090.6
873.8
The total number of passengers carried 1 mile, local and through, In¬
7 ,4 83
15,478
93,126
Chic & Mllw Elect Co
Jan 1 to Feb 28
Illinois Traction Co. a...
Jan 1 to Feb 28
1906, while
receiving large accession of farmer settlers.
6 ,413
14,829
94,231
Charleston Consolidated.
Mch 1 to Feb 28
—
$
In that sec¬
19.364
:.
to
$
Year.
meridian Is particularly noticeable.
The yield of cotton alone
tion has increased from 44,058 bales In 1902 to 133.719 bales In
the area under cultivation expanded In like proportion.
This
39,835
193.216
.Feb
1
Previous
20,229
Feb 28
Jan
Current
Year.
Earnings.—The entire territory tributary to the road, both In Texas and
enjoyed exceptional prosperity during the past year.
Our
gross earnings were 514,914,608, compared with $12,130,391 In 1905, an
increase of 22.95%.
The expenses of operation were $9,854,923, compared
with $8,210,167, an increase of 20%, while the net earnings were $5,059,685, an Increase of $1,139,460, or 29.06%.
These earnings are the largest
in the history of the company.
The earnings per mile show the same
relative results, the gross earnings per mile being $8,110 and the net per
mile $2,751 (contrasting with $6,643 and $2,147 respectively In 1905.—Ed.)
The increase of expenses of operation was $1,644,757; of this. 54%, or
$901,079, was for labor and fuel.
The labor question continues to present
a serious problem and the demands of labor are a growing burden which Is
more difficult to carry from year to year.
Marked development In the sparsely settled territory west of the 98th
Louisiana,
42,308
204.999
Feb
Binghamton Ry Co
Jan 1 to Feb 28
July 1 to Feb 28
Central Penn Trac
-
Net Earnings
—Gross Earn'd*
Current
Previous
Year.
Year.
$
$
{Report for Fiscal Year ending Dec. 31 1900.)
George J. Gould says in substance:
President
Total
Deductions—
Dividend on 2d M.
—r$5,798,023
"
,,
bondsz$l,233,8061 Louisiana branch lines...
Improvement account
Equipment account.
Cost road and
,
equlpm’t..
x919,1541 Increase In assets, acc’ts
£599,4201 collectible, &c
198,5911 Decrease In natalities
Total deductions
Balance, cash on hand, Dec. 31 1906
x Included In the Income account
...
$476,644
l,58o,2d6
232.684
—
below.—Ed
$o52,467
Weight of Rails
75-lb.
Controlled Companies.—The earnings of the Pittsburgh Chartlers &
Youghlogheny Ry. were sufficient to pay the expenses, lixed charges, 6%
dividend, and retire twenty-nine bonds.
The increased earnings of the
Monongahela RR. enabled it to pay Its fixed charges, retire a few first mort¬
gage bonds and apply the balance to the betterment of the property.
RESULTS FOR CALENDAR
Tons Carried—
Earning revenue.
Company’s frelgh
Carried
1906
1905
1904
Length
(Miles)—
63-lb.
56-lb.
Other.
Iron.
1,173
1,049
116
116
511
71
910
116
611
742
71
71
13,329
12,486
11,848
519
1,269
1,219
141
188
603
Total
Year—
1906
1905
1904
1903
1902
1901
Lumber.
924
741
tons.
4,734
4,157
3,673
4.072
3,816
608
649
606
568
3,792
Live
Stock
135
135
128
137
127
116
iCotton.
221
.1942554597
174,462
176,914
11,402,315
4,656,229
3,968.452
2,003,612
9,518,136
4,811,236
3,461,555
1,591,331
3,005,349
66,877,636
2,575,515
58,228,638
2,374,134
54,200,393
0.681 Cts.
$7.81
0.700 cts.
0.672 cts.
$7.53
1,147
1,175
$6.80
1,012
1,039
1.81 cts.
$1.14
1,076
1,107
1.84 cts.
$1.15
$76,510
$67,825
189,369
Merch.
910
870
894
Miscellaneous—
Number of passengers
192
1,036
1906.
1,848
1,826
Earnings from Operation—
Freight traffic
Passenger traffic
Express traffic
Transmission of malls
1903.
1,826
-
1,827
Operations—
1,911,351
2,044,309
2,151,553
2,536,661
Passengers carried
Passengers carried 1 milel49,677,552 115,502,539 125,227,758 106,456,394
-
.
Rate per pass, per
2.41 cts.
mile.
2,156,701
3,673,350
4,072,660
4,734,002
Freight (tons) moved...
Freight (tons) mileage...961,189,714 1 814,302,141 732,775,735 836,682,262
1.15
Av. rate per ton per mile
Cts.
1.01
cts.
cts.
1.01 cts.
1.03
Aver, train-load (rev.)..
Gross earnings per mile
215
211
207
$6,643
$6,809
8,243,229
2,714,881
280,073
275,577
616,630
$
8,407,992
2,861,742
271,753
296,756
594,904
$7,003
$
8,504,462
2,494,545
269,683
223,008
603,046
12,130,391
12,433,147
12,094,744
1,290,685
1,371,413
5,124,373
423,695
1,331,901
1,373,451
5,018,288
388,052
1,518,098
1,395,265
5,011,663
361,080
8,111,692
(65.24)
4,321,455
61,744
8,286,106
5,059,685
56,017
8,210,166
(67.68)
3,920,225
584,162
3,808,638
171,485
5,115,702
4,504,387
4,383,199
3,980,123
1,475,650
1,233,806
1,507,785
1,233,806
164,140
345,438
123,400
557,595
570,523
32,463
1,490,015
1,233,806
1,473,354
312,297
104,669
700,584
571,649
45,245
296,053
408,949
273,264
568,121
21,660
218
$8,110
Transportation receipts—
$
9,901,702
Freight
3,602,006
Passenger
Mail
300,136
338,967
Express
Miscellaneous
771,796
.
.
..
Total
..
14,914,608
.
Transportation expenses—
Malnt. of way & struc.
1,522,081
Malnt. of equipment-..
1,838,040
.
.
Conducting transporta’n
General
6,077,626
417,176
expenses
Total (excl. taxes)..
P. c. of exp. to earns..
Net earns, from opera’n
Other receipts
Total Income
D isb ursements—
Interest on bonds
Int. on 2d lncomes(5%)
Fire claims
Taxes
Interest and discount..
.
9,854,923
.
(66.08)
.
.
_
.
..
333,764
172,310
919,155
599,420
51,160
Improvement account.
Equipment account
Miscellaneous
$
Total disbursements.
4,785,265
4,535,150
.sur. 330.437 def. 30,763
Balance
.
Totals
Railroad, equlpm’t, &c_
N. O. Pac. RR, stock
Securities owned
Elevator propeity
New equipment
Gordon coal mine
Materials on hand
Cash on hand
Accounts collectible
Land notes receivable..
Miscellaneous
Total assets
Liabilities—
Capital stock
Bonds, &c
Equipment obligations.
Vouchers and pay-rolls.
Int. due and accrued
Bills payable
Other accounts.
Income account
Total liabilities
a
1906.
1905.
$
89,231,889
a6,716,200
647,598
509,205
1,198,782
$
88,556,654
u6,716,200
equipment
Conducting transportation
479,384
552,467
2,779,337
50,940
637,355
509,205
1,429,029
141,541
310,383
805,770
Totals
Net Income
1903.
$
87,405,559
a6,716,200
686,108
509,205
500,390
2,140,116
141,541
114.408
102,456,902
100,478,515
99,618,523
99,854,168
38,763,810
54,501,693
1,198,781
1,138,759
38,763,810
54,495,565
1,429,029
902,570
272,954
3,166,800
207,511
1,240,275
38,763,810
54,222,814
1,791,613
308,118
1,983,400
470,145
1,271,039
38,763,810
54,279,602
2,250,010
953,438
319,702
1,625,000
316,501
1,346,106
102,456,902 100,478,515
99,618,523
99,854,168
277.120
4,450,200
555,825
1,570,712
36,965
This Item Is not an available asset, but Is held
807.584
,
52.
Pittsburgh & Lake Erie ER.
{Report for Fiscal Year ending Dec. 31 1906.)
President W. H. Newman says in substance:
Its tracks above high water, and the exchanging of real estate for terminal
purposes in Pittsburgh, for the mutual advantage of both companies.
General Results.—The earnings in comparison with 1905 show Increases
as follows:
..12.74% \ Gross earnings
13.16% |Net earnings
10,035,510
1,364,823
1,262,722
3,394,140
238,887
2,309,609
2,623,807
1,333,963
1.276.144
2,777,735
189,075
2,404.884
1,905,823
1,385,495
1,221,742
2,585,059
176,958
1,179,051
1,173,338
11,193,988
(77.30)
3,287,507
9,887.624
(77.02)
2,950,112
89,021
68,446
7,721,643
(76.94)
2.313,867
19,818
3,376,529
3,018,558
2,333,685
220,000
481,617
181,918
7,971
221.125
478,661
170,622
5,222
222,042
475,879
162,875
891,507
2,485,022
1.100,000
875,631
2,142,927
1,000 .000
’05&’04)
1,385,022
1,142,927
52,819
30.147
29,753
10 ,267.973
Cost of road
Cost of equipment. 6 ,641,961
Advances for lessor
and other cos—*3 .998,186
Stk. In sundry cos. 1 ,030,558
9,931
Bds. in sundry cos.
Real est. not used
in oper. of road.
Fuel and supplies.
Cash
Loans & bills rec'le
Traffic bal. rec le.
-
Sundry,
26,530
668,091
1 .343.160
osY.seo
1905.
$
|
860,7961,472,890
1,000,000
472,890
1905.
1906.
$
!
Liabilities—
$
10,267.973!Capital stock
10,000,000 10,000,000
6,641.961 i Funded debt
4,000,000 4,000,000
1
1.090,341
Wages & supplies. 1,195.353
477.919
1.860,430j Traffic bals. pay’le
539,316
85.000
911,5581 Interest accrued..
85.000
500.000
22,5701 Div. pay’le Feb. 1.
600,000
S9.211
I Sundry accts. pay.
90,458
26,530!Pitts. McKees. A
874,093
542.966)
Yough’y RR.Co.
744.549
857,349
2.721,412|Items in suspense.
621,469
125,0001 Profit and loss
S.696,633 7.319.552
559,815!
collectible
accounts
Items in suspense.
1 ,700,220
1.598.0611
' 201,300
15,189!
...26,572.778 25,293,465!
Total
Total
26.572.77S 25.293.465
♦Mahoning State Line RR., $101,373; Little Kanawha syndicate.
Greene County RR. syndicate, $125,000; Raccoon Branch, $4.336.—V.
$3,765,476;
84, p. .509.
£
Louis.
{Report for Fiscal Year ending Dec. 3.1 1906.)
President John I. Begg-s, Jan. 21 1907, writes in substance:
Earnings.—The gross earnings and other income Increased $686,332
(8.11%); operating expenses, taxes, reserve fund accretions and deprecia¬
tion charges Increased $249,043 (4.68%f, leaving a surplus for the year over
and above the preferred stock dividend of $552,300 (2.22% on the common
stock).
Acquisition of the St. Louis <fe Suburban Ry.—All the property, franchises
Suburban Ry. Co. were acquired and the
United Railways Co. of St. Louis, and we commenced
operating the lines as part of our system at midnight of Dec. 31 1906. This
property was acquired by the exchange of 40,000 shares of the preferred
capital stock of the United Railways Co. of St. Loul«?for an equal amount —
the entire amount outstanding—of the capital stock of the St. Louis &
Suburban Ry. and by the United Railways Co. of St. Louis assuming the
and other assets of the St. Louis &
property deeded to the
principal and Interest of the bonded debt of the St. Louis &
New Stock.—On Dec. 12 1906 the board of directors passed a resolution
providing for the increasing of the capital stock from $10,000,000 to $30,000,000, all of which Is to be common stock.
This Increase was approved
by the stockholders at a special meeting held Feb. 28 1907.
Agreement.—On Nov. 28 1906 an agreement was made with the WabashPittsburgh Terminal Railway Co. for the joint use of our tracks between
the Terminal Company’s connection at West End, Pittsburgh, and our
freight terminals at Pittsburgh, a distance of 2 miles; the abandoning of the
Terminal Company’s river tipple at Saw Mill Run to enable our road to raise
Freight traffic
Passenger traffic
12,837,736
1,137,818
United Railways Co. of St.
simply to protect certain
rights and franchises appertaining to the line in Louisiana.—V. 84, p. 509
1906.
$
Assets—
1,126,940
36,508
158,203
291.099
14,481,495
11,576.738
GENERAL BALANCE SHEET DEC. 31.
$
87,768,214
a6,716,200
682,054
509 727
-
Surplus
522,876
351,133
1,126,650
31,930
231,662
1,221.006
—
-
Dividend (11% in'06; 10%in
1,161,900
225,656
earnings---.
Total net Income.
Deduct—
Interest on funded debt
Rentals leased lines
Taxes and miscellaneous
Use joint facilities
4,458,265
4,203.301
def.75,067 def.223,178
1,744,275
141,541
—
General expenses
New construc’n (add'ns & betterm’ts)
New equipment (additions)
(68.51)
1904.
-
Maintenance of
Total expenses
Per cent of expenses to
Net earnings—
Interest on loans, &c
10,461
33,322
33,460
12,242
-
1904.
190.70
1905.
190.70
$
$
8,838,911
1,063,964
51,540
26,961
29.591
24,543
$
13,051,880
1,287,565
63,027
Expenses of Operation—
Maintenance of way and structures..
GENERAL BALANCE SHEET DEC. 31.
.Assets—
-
-
Rentals
Miscellaneous sources
2.34 cts.
2.29 cts.
2.35 cts.
$53,011
CHARGES. &c.
1906.
190.70
1904.
1905.
1.84 cts.
893
OPERATIONS, EARNINGS, EXPENSES, &c.
Miles operated
carried
Passengers carried 1 mile
Freight earnings per ton per mile
Freight earnings per train mile
Av. No. tons (rev.) per train mile...
Av. No. tons (all) per train mile
Earnings per passenger per mile
Earnings per passenger train mile—
Gross earnings per mile
1,014
365
424
324
404
211
1300944818
34,158,865
370
222
20.865.650
1635970184
1335103683
9,069,190
3,069,790
2,409,763
1,133,411
Coal.
446
184
218
25,993,008
.1896158559
mile
47,574,327
Manufs. &
Grain,
394
415
181
592
485
589
1,194,154
1683544511
FREIGHT CARRIED (000s omitted).
-
1904.
19,967,580
898,061
46.396,038
comparative tables for a series of years
operations, earnings, expenses, &c.,and certain statistics.
•
1905.
24,900,574
1,092,434
29,466,123
Company’s freight carried 1 mlle.---
Below will be found
JFl ’
1
YEARS.
1906.
Trestles.
(feet).
Bridges
of
Wood. Comb'n.
for the
include extraordinary Items aggregating $4,933,416, viz.:
Rights of way
$804,266 | New depots and buildings.. $388,272
New sidings
266,197 I New bridges
147,557
Second track
43,173 [ Koppel branch
9,768
Third track
5,704
379,112 | Ellwood Southern extension
Fourth track
210,753!New locomotives
257,600
Interlock, and elec, signals.
19,9461 New passenger cars
143,587
Removal grade crossings..
34,8611 New freight cars
2,222,619
year
Description of Road Dec. 31.
—
LXXXIV
Extraordinary Expenditures in Operating Expenses.—The expenses
Improvements.—The following expenditures for the
and improvement of the property, aggregating $1,117,228, were made during the year.
Of this amount $198,073 was charged
to capital account and the balance to Income:
Ballast
$29,949
$200,1891Side tracks
alignment
| Double tracks
Changing
and
42,886
grading
104,946 | Bridges and culverts
138,867
49,614 | Telegraph line construct’n..
Ditching and embanking
28,306
13,6951 Buildings, structures, Ac
Filling bridges
204,930
Steel rails and cost of laying. 303,8461
The amount charged to maintenance of way and structures during the
year was $1,522,081, being an Increase of $231,396 over last year; 123 H
miles, or 14,555 tons, of 75-lb. steel rails were laid in track during the year,
making a total of 1,172.6 miles of main track laid with 75-lb. steel rails.
843,072 cross-ties and 399 sets of switch-ties were also laid in the track dur¬
The following ballast was placed In the
ing the year, at a cost of $370,208.
track during the year, at a cost of $200,189: Rock, 4.20 miles; cinders,
6.03 miles; gravel, 67.60 miles; total, 77.83 miles.
Bonds, &c.—The amount of funded debt per mile of road owned and
operated by this company was on Dec. 31 1906 $29,498, on which the In¬
terest charge per mile was $1,552; of this $711.85 was conditional on earn¬
ings, while the net earnings per mile for the year were $2,751.
Capital
stock Issued per mile, $20,976.
Maintenance and
proper maintenance
of
[VOL.
THE CHRONICLE
668
12.80%
11.44%
Suburban Ry.,
amounting in the aggregate to $7,500,000, together with Its floating debt,
aggregating about $447,000.
By this acquisition we acquired 105.32 miles
of additional track; 41.20 miles located In the city of St. Louis and 64.12
miles located In the county of St. Louis, bringing our total trackage as of
Jan. 1 1907 up to 456.14 miles; 350.09 miles being in the city of St. Louis
and 106.05 miles In the county of St. Louis.
earnings of the St. Louis & Suburban Ry. for the year 1906
The operating expenses and fixed charges, however
$1,144,040.54.
exceeded the gross receipts for the year 1906 to the amount of $96,800.
Under the terms of the purchase of the St. Louis & Suburban Railway
property, dividends are not to be paid upon the preferred stock given in
exchange for the stock of the St. Louis & Suburban property until after
Jan. 15 1908, and we believe that during 1908 the consolidated property
will earn the dividend on all of the preferred stock outstanding without
reducing greatly—If any—the surplus which would naturally have ac¬
crued In that year for the common stock of your property.
Funded Debt.—The funded debt was Increased during the year by $7,500,000—the amount of bonds outstanding against the St. Louis & Suburban.
The gross
were
Mar. 23
1907.]
underlying 5% bonds of the Missouri RR. due March 1 1906
were paid and $700,000 lirst general mortgage bonds of the United Railways
Co. were issued in their stead, and these, with $300,000 of the same issue
Injthe treasury to the credit of our reserve funds were disposed of to
banks and trust companies of the City of St. Louis at 86%.
The proceeds
of the sale of the $700,000, together with a sufficient amount from our cur¬
Lackawanna Steel Company.
^HTbe $700,000
certain
liquidate the Missouri RR.
charged against the surplus
bonds of the Citizens’ Railway
will mature, for which will be Issued to us lirst general 4% bonds reserved
for this purpose, reducing the annual fixed charges of the company $30,000.
Reserve Funds.—The injuries and damages reserve fund and the lire in¬
surance reserve fund have been Increased during the year by charging in
against operating expenses an amount in excess of the amount paid out.
Five per cent of the gross receipts each month has been carried to a depre¬
ciation reserve fund to meet extraordinary outlays for replacements and re¬
newals (see balance sheets below.—Ed.).
Power and Sub-Stations.—During the year the Union Depot power plant
was discontinued and a part of the machinery sold.
A new sub-station is
under construction at Spring Ave. and when completed the operation of
the Cass Ave. power-plant will be discontinued.
In sub-stations rotaries
representing anaggregatejof|3,500 K. W. were Installed.
Cars and Equipment.—No additional passenger cars were added to the
equipment, but with the beginning of the new year it is expected we will be
able to commence the construction of cars in our new shops.
Track and Roadway.—During the year there were Reconstructed about
115.57 miles of track, which were relald on a concrete base with 9-lnch
grooved rail, and 1.60 miles were relald with 75-lb. tee rail and 0.17 miles
re-laid with 7-lnch girder rail, all replacing very badly worn track.
During
1907 it is proposed to'reconstruct a large mileage of track in about the same
funds to meet the discount, was used to
bonds, the amount of discount having been
earnings.
On July 1 1907 $1,500,000 underlying 6%
rent
way.
Summary
of Capital
Expenditures for the. Year
(Report for Fiscal
corporation, named the
eca
RESULTS FOR YEAR
1906.
constr’n--$619,056|Miscellaneous equipment—*$26,972
96,970 j Power plant, bldgs. &equlp. 73,621
Net
capital outlay—-
sold--
$1,052,055
118,026
- $934,029
—
-
-
—
RESULTS FOR
1905.
$28,989,639
.$23,243,340
gains & losses
27,988
Total income from manufacturing and operating
$5,774,286
170,009,691 201,316,532 147.141,429
63,096,679
83,974,502
74,231,470
$
$
$
$
7,259,460
9,953,398
8,424,322
9,105,789
Gross earnings
4,513,515
5,751,067
J5,318,369
Oper. exp. and taxes— x5,567,411
2,745,945
4,202,331
3,105,953
3,538,378
Net earnings
36,387
24,167
35,694
40,559
Other income
2,782,332
4,226,498
3,141,647
3,578,937
Total income
Deductions—
1,771,000
1,790,180
1,885,618
1,877,477
Interest on bonds
Int. on St.
Louis Tr.
288,800
575,111
500,000
500.000
..
funded debt
1,000
833
Organization expenses -.
196,473
80,168
2,297
Miscellaneous interest-.
587,846
598,022
649,160
649,160
Other Income—■
Dividends on investments in ore, int. on
Net Income from property rented
Net earnings on ore companies and railroads
deposits, Ac.. $425,385
Total rev .'pass, carried. 183,237,886
Transfers and passes— 81,183,324
Administration, selling
Includes
x
3,044,314
3,037,075
sr. 104,572 sr. 1,182,184
3,026,637
:sur. 552,300
Sales
GENERAL BALANCE
Assets—
Property
fds.
Gen. 1st M. 4s do
Mat'l & supplies.
3*38",476
Cash
Cash for coupons.
Bills receivable..
685,449
460,070
625,919
Open accounts
Ineur.,«fec.,prep'd
48’, 199
Miscellaneous
54,510
reserve
Improvements and extraordinary replacement
Interest on Lackawanna Steel Co—
First mortgage 5% convertible gold bonds
5-year 5% gold notes
!
277,000
268,156
886,100
582,000
Net income, as per preliminary
Further Appropriations—
Additional provision for
SHEET\DEC. 31.
Liabilities—
Pref. shares issued 19,983.200 19,983,200
Com. shares issued 24,913,800 24.913,800
Funded debt (see
Street Ry. sec.) 59.480,000 51,980,000
505,000
759,500
Bills payable
270.795
294,017
Acc’ts payable..
751.350
111,820
Matured interest.
162,290
162,290
Div. on pfd. stk.
210,817
1,026.522
Int. accrued
71.500
708,529
39,677
30.558 Deprec’n reserve.
Inj’y & dam. fund
Fireinsur. fund..
214,560
178,055
398.361
59,172
24,239
108,380
704,791
Miscel. reserve...
Miscel. accounts.
Profit & loss surp.
Total liabilities
99,564,009
196,878
19,797
20,262
86,269
249.591
108,204,740 99,564,009
Railroad.
(Report for Fiscal Year ending Dec. 31 1906.)
Results for four years and the balance sheets for two years
Green
show the
m& wm
Bay & Western
following:
26,569
$446,852
119,862
25,682
$433,524
120,612
25,459
.
$636,121
$586,420
$592,397
$579,595
$134,365
$105,070
$116,430
54,792
$119,275
129,325
40,000
.
miscell-
Total earnings'
Operating Expenses—
Maintenance of road
Maint. of equipment —
Conducting transport’ll.
30,709
21.461
Taxes
30,000
25,000
Special (back) tax fund.
$160,894
-
(5) $30 ,000
0)125,000
$155,000
$5,894
sur.
Balance
1906.
8
$386,811
$205,586
40,000
$371,306
$208,289
90,000
$161,913
$165,586
$118,287
(5) $30,000
(5) $30,000
(4) $24 ,000
(5)125,000
(5)125,000
(4)100,000
$155,000
$155,000
sur. $6,913 sur. $10,586
def. $5,713
GENERAL BALANCE
A ssets—
25,730
20,359
52,568
158,368
25,952
15,143
169.500
$394,507
$191,913
30,000
$420,226
$215,895
Total oper. expenses.
Net earnings
Gen’l improvem't. fund.
Balance
Paid on deb. “A’s”
Paid on stock
62,942
179,277
28,294
18,294
53,818
179.873
General expenses
..
$437,502
122,349
$466,796
Freight
Passenger
Mail, express A
plies
Cash
MarkT Cox.Trcas.
General Auditor..
P. O. Department
U. S. Express Co..
Due from agents..
Due from RR. cos.
Insurance prem’m
Stocks owned....
—
Total
\.S4
p.
220.
10,209
33.278
195.697
12.065
Liabilities—
4,458
518
8.657
6,815
94,680
153,121
8,479
4.456
499
6,536
17,303
2.575
“A" debentures
"
B” debentures
Pay-rolls
Accounts payable.
Old material acc’t.
New rail acc’t
Tie account
Sundry acc’ts
Gen. improv. fund.
Special tax funds.
94,680
10,437,215 10.446,464
l’J
I)ivklend due
Profit and loss
Total
$750,000
500,000—1,250,000
Improvement and
extraordi¬
replacement funds (making $1,500,000 for yr.)
Provision for reduction of expenses during organiza¬
tion period
Discount on bonds, proportion chargeable against
Surplus, Income
The “net
$2,843,458
statement of earnings
for the year
-
earnings $5,464,145,” as
$400,159
250,000
85,360— 735,519
$2,107,939
above shown, are re¬
ported “after deducting expenditures for ordinary
and maintenance (approximately $2,000,000).”
CONSOLIDATED BALANCE SHEET DEC. 31 1906.
(Lackawanna Steel Co. and Subsidiary Companies.)
Cost of real estate, plants, Ac.—
As at Dec. 31
$46,636,130
1905
Additions dur-
-;j- *
Liabilities—
, Capital stk. issued
]
$
Assets—
repairs
(par $100)...$34.971.400
Less in hands of
trustees per
i
.
ingyr. 1906
2,642.751—49.278,881
Investments in ore cos., Ac
5,289.800
and commission on
bonds, expenses during or-
J
250.000—34.721.400
contra
Cap. stk. of Lack. Iron A Steel
Co. not owned
; Lack. Steel Co. 1st M. 5% conv.
28,600
j
gold bonds
15,000.000
5-yr. 5% gold notes, secured
by deposit of $12,500,000
2,332,531 j
1st cons. mtge. bonds-.10,000.000
Deferred chges. to operating..
84,318 Lack. Iron A Steel Co. 5%
In hands of trustees, being pro1,775.000
gold bonds
ceeds of sale of property inLake Erie Co. 5% coll. tr. sink.
eluded under mortgage:
fund gold bonds
950,000
Cash
251,850 Current acc’ts A pay rolls
4,780.045
Stk. of Lack. Steel
Bills payable
2,000,000
Co.
at
par de! Taxes accr’d, not yet due
52,334
ducted contra
$250,000
j Interest accrued
440,751
Inventories
459,082
8,517,688j Mines extinguishment fund...
848,426 | Extraordinary replacem’t fund 1,058.505
Miscell. accounts receivable-.
Advance payin’ts for materials
59,626
i Contingent
fund
Surplus Dec. 31 ’05. $10,979
ganlzation period and lmpts.
to leased properties ($2,667,S91 less $335,360 written off
during year)
and
supplies
Customers' acc’ts (less reserve)
Notes receivable..
Cash in bank and on hand
Total assets
—V. 84. p. 511.
j
'
;
104,498
5,719,818
1906
inc. acc't
2,107.939-2,118.917
Add bal. for yr.
as per
358,19S
658.252
Total
73.444,260
liabilities
73,444.260
394.
Note.—We learn that the Lake Erie Company was incorporated in
Jersey in May 1905 as a holding company for the Brotherton and the
day Lake mines (which were Incorporated in Michigan). It has Issued
of $100,000, par $100, all practically owned by the »Lackawanna Steel
New
Sun¬
stock
Co.,
and $1,100,000 collateral sinking fund 5% gold bonds dated May 1 1905,
due May 1 1920, but subject to call at 102
and Interest on any Interest
day.
Denomination $1,000; Interest payable May and November at the
Office of the company.
Trust Co. of America, trustee. Guaranteed prin¬
cipal and Interest by the Lackawanna Steel Co. Of these bonds $150,000
‘have been paid off and a like number will probably be called this May.
There Is a sinking fund of 75 cents on each ton of ore shipped.—Ed.
Cambria Steel Company.
600.000
1905.
$
2.500.000
600.000
7,000.000
7.000.000
1906.
1905.
$
10.911
53,867
$124,000
SHEET DEC. 31.
Const'n A- equip’t. 10,070,837 10,094,037 Capital stock
Material and .sup-
1903.
1904.
1905.
1906.
Gross earnings—
funds.1,099,841—1.370,687
nary
Discount
Total assets... 108,204,746
-V.84. p. 104,52.
$5 464.145
$270,846
current year
1905.
$
1906.
$
7,000,000
3 ,000,000
383,500
Pref. stk. avail'e.
do
^ 2,845,119
def. 62,787
-
account)
Net earnings for year 1906 (per Income
Deductions per "Income Account"—
Provision for exhaustion of mineral ores.
228,207
4,928
138,888
88.997
154,929
credit.
and Interest
subsidiary companies
payable
-
bills and loans
Rentals and royalties—
Interest on
In 1906 and $421,752 in 1905—none
also taxes, which in 1906 aggregated $487,741 and
1905.
1906.
102 .608,623 89,701.083
and general expenses
agents’ commissions
Commercial discount
Interest on bonds of
depreciation, $455,681
charged in former years;
In 1905 $481,751.
$6,430,415
$277,618
82,559
Taxes
pref. stk. (5%)
Total deductions
Surplus or deficit
63,661
controlled. 167,082— 656,128
Total Income
Deduct—
.
Divs. on
Companies.)
earnings
\
Less—Manufacturing cost and operating expenses
Add—Miscellaneous manufacturing and operating
Gross sales and
1903.
1904.
ENDING DEC. 31 1906.
and Subsidiary
(Lackawanna Steel Co.
CALENDAR YEAR.
1906.
1906.)
Year ending Dec. 31
Clarke, West Seneca, Erie County,
N. Y., March 13 1907, quotes from the preliminary statement
cited in V. 84, p. 269, and says:
In addition to items mentioned above (in the preliminary report in V. 84
Co.,during
under
269),Transportation
there was formed
to operate
the past
yearcharter
a vessels on the Great
§.eneca
The entire capital stock, $5,000
Lakes for transporting your products.
par value, is owned by your company.
During the year there was shipped
In this way 168,743 gross tons of finished material.
Your directors also authorized the construction of an extension to No. 7
blooming mill, to be known as No. 8 mill, which will produce small billets
and sheet bars.
The product of this mill will be shipped in part to the Sen¬
Iron & Steel Co., a corporation which is building sheet and hoop mills
in the vicinity of your works at Buffalo, which corporation your company
has contracted to supply with its requirements of steel.
It has seemed wise to make additional deductions from earnings for de¬
preciation, &c., as shown in the income account.
Tfie certified public accountants say in part: “We have
satisfied ourselves that only actual additions and extensions
have been charged to property account; that the provisions
made for depreciation and extinguishment during the year
are ample and that the treatment of the organization ex¬
penses and deferred charges is fair and reasonable.”
President E. A. S.
Track & roadway
Electric line construction
Real estate, buildings, &c-- 235,436j
Total
Less cars and electric equipment of cars
6X9
CHRONICLE.
THE
8
2,500,000
15,769
26,907
7.945
041
3,009
16,314
15,514
25,000
155,000
71.117
15,91.3
51.412
8,1X2
2,911
4.018
25.217
18,559
155,000
05.222
10,437,215 10.44G.464
*
\
{Report for Fiscal
Year ending Dec. 31 1906.)
Morris, Chairman of Executive
under
The report.signed by E. B.
Committee, and Powell Stackhouse, President, says,
date of Philadelphia, Feb. 20 1907:
General.—Shipments of steel show an increase of 11.9% in quantity, and
the gross value of all products shipped 25.6% over the preceding year,
which wras your previous maximum year.
Your mills and shops have been
fully supplied with orders, and the volume of business has been satisfactory;
you have suffered, as have all other Industrial corporations, by the scarcity
of properly skilled labor.
The continued advance in the value of your
supplies of all materials and the expansion of your business in tonnage
and amount involved, demand a constantly increasing working capital
reducing your cash reserves.
Stock.—The authorized capital stock
of which $45,000,000 has been issued;
be Issued at not less than par. *
named in the charter Is $50,000,000,
the remaining $5,000,000 can only
690
THE CHRONICLE,,
Notes Paid.—The last of the $3,600,000 term notes
issued Dec. 15 1900
were paid on Dec. 15 1906.
Mineral Properties.—The coal, iron ore and
limestone properties owned
produced satisfactory results.
Your Penn Iron Mining Co. shipped from
its mines on the Menominee
Range, Mich., 497,350 tons of iron ore for use
at your works.
The Republic Iron Co. of Michigan, of which
you own over
99
of the capital stock, shipped from its mlnesT81,031 tons of
iron ore,
about 132,000 tons for your use, tlie remainder
having been sold.
The
Mahoning Ore & Steel Co., Mesabi district, Minn., of which you own 50%
of the capital stock, produced, on account of
one-half
your
Interest, 608,374
tons of iron ore in 1906; its annual
output can be increased, when required,
and its ore reserves are ample to
supply you with this class of ores for a very
long term of years.
General Office at Johnstown.—A six-story
fireproof office building is now
under roof and should be ready for occupancy
early In the coming summer.
Cambria J‘Lant.—A large sum lias been
expended for minor betterments
and remodeling the original Cambria plant,
the chief of which Is the replace¬
ment of the old and
inadequate machine shop with an enlarged lireproof
building, with modern tools.
This is expected to lie fully
completed
within tills year.
Steel stock handling bins for No. 5 and 6 blast furnaces
are under construction.
Gautier Plant.—The new 24-inch universal
plate mill was turned over to
the operating department in May last and has
produced the expected re¬
sults.
A 22-inch plate and break-down mill is now
building.
The tem¬
porary wooden buildings erected over the mills after the llood of
1889 are
being replaced by steel construction, eliminating a serious lire risk.
Franklin Plant.—The seventh battery of
56 Otto-Hoffman coke ovens
is now producing coke; the eighth
battery, 56 ovens, is being dried out and
will be making coke about April 1.
No. 8 blast furnace was authorized
March 13 1906 and is now under construction.
A 200-ton hot metal re¬
ceiver and two additional 50-ton open-hearth furnaces (Nos. 1
o and 17)
arc now under construction.
Additions will be required to your liloom
and billet mill before your steel
making plant can be further Increased.
Car Shop.—This plant has been in full
operation since the early part of
1905 and orders In hand assure like conditions for
1907.
Considerable addi¬
tions were made in 1906 and are now in
progress, all of which should be
completed within the first half of 1907.
expended for improvements $2,385,841; of
charged to plant additions, and the remainder,
$96,145, was repaid by amount realized from sales in 1906 of real
estate and
minerals, under terms of your lease from Cambria Iron Co.
There was ex¬
pended, in addition, $337,490 for replacements and alterations, and
charged
to
operating accounts.
Further considerable additions are
required,
which will be made as rapidly as conditions
justify; with a continuance of
present business it Is hoped that the cost may be met from
earnings In ex-'
cess of the usual dividends.
Manufacturers' Water Co.—This corporation, of which you control the
entire capital stock, provides the water
supply for your works; your use
during 1906 averaged 71,000,000 gallons daily.
No construction work has
been done on the Quemahonlng dam and
pipe line, but all the property
within the limits of the proposed dam has been
purchased and construction
should not be long delayed.
was
was
The income account and balance sheets
Net earnings from operation
Rents, investments, &c
—
Total net Income
Fixed charges under Cambria Iron Co.
lease, Interest on term notes, &c-_
--
-
..
Balance
Deduct—
are
as
AMERICAN ICE SECURITIES CO. BALANCE SHEET.
Dec.31 ’06. Mch.20 ’06.1
Dec.31’06. Mch.20 ’06.
Assets—■
$
S
i
Liabilities—
'
S
S
Cash and notes... 1,286,923
86.921 ! Stock issued
19,029,360 IS.835,2-10
Pref. stk. Am. Ice
Debentures (see
Co. at par
14,338,300 14,212,700
contra)
3,000,000 3,000.000
Com. stk. Am. Ice
Co. at $20
art,691,060 4,622,040
Total stock and
Treasury bonds...
A cor'd divs. on pfd.
stk. of Am. Ice
Co. to Dec. 31’06
Total
x
1905.
1904.
$4,897,704
510,971
$4,100,183
$1,925,543
343,628
289,353
$5,408,675
$4,443,811
$2,214 896
444,672
443,476
451,239
$4,064,003
$4,000,336
$1,763,657
$1,350,000
$1,350,000
550,000
3,000,000
550,000
2,000,000
$1,350,000
350.00Q
$4,900,000
$64,003
$3,900,000
$100,336
102,419
217.070
2,795.969
3,197,857
H
debentures
23,214,071 22,336,588.
Surplus.
22,029,360 21,83-5,200
1,185,311
501,348
Total
23.214,071 22.331L5SS
Par value
$23,455,300, against $23,110,200 Mch. 20 1900.
Note.—A dividend of $333,014 50 out of above
surplus, payable Jan. 2
1907.
(Compare V. 83, p. 1100, and footnote to tabular statement in
V. 83, p. 1589.—Ed.).
ASSETS AND LIABILITIES OF AMERICAN ICE
SEC UNITIES CO.
On the basis of assets and liabilities of the
American Ice Co. as shown in
their report for year ending Oct. 31 1906.
(V. 83, p. 1588.)
Assets—
$
Liabilities—
s
Real property
0,750,709 ' Capital stock
20,000,000
Personal property
l ,687,677 Of this held in
treas.970,000
Investm’ts, stocks and bonds
Less amt. to oft-set
(on which net earns, for year
undeposited stk.
equal over 10%)
2,073,382 i
of Am. Ice Co.
605,000—
305.540
Water rights and patent rights 6,000,000 i
Cash and notes receivable
292,840 i
19,094.400
Loans..
5,500 Debenture
bonds
Ronds and mtges. receivable..
04,93.3!
Am. Ice Sec. Co.3,000.000
Insurance premiums
17,979' Less amt. held by
Inventories, ice, coal, &c
444,532
company
102,420— 2,897,580
Acc’ts receivable, ice, coal, etc. 1,023,379 Ronds
payable sub¬
flood will..
8,275,111
.
sidiary
cos
Less held by Am¬
ice Co.
Coll. tr. bds. Am.
Ice Co
I,ess held
Ice Co
2,032,000
391,950— 1,040,050
2,233,000
by Am.
263.000— 1.970,000
Real est. mtges.. Am. Ice Co..592.7*50
Vouchers payable, Am.IceCo.
306,845
i Acc’ts payable, Am. Ice Co
74.357
—
Total...
27,236,042
Compare report of American Ice Co.
follows:
1906.
Total..
27.236,04:
in V. 83, p. 1588.—V. 83,
p. 1592.
(E. I.) du Pont de Nemours Powder Co.
(.Report for Fiscal Year ending Dec. 31 1900.)
Gross sales year 1906
-.$30,751,72 6
Net earnings, after setting aside for
depreciation and for In¬
surance and after making all
repairs and adjusting value of
stocks on hand
'
$5,367,028
Deduct—Interest on funded debt
$535,819
Dividends on preferred stock (5%)
989,236
Dividends on common stock
1,533,826
__
Dividends, 3%
General depreciation fund
Betterment and improvement fund--
-
-
-
Total deductions
Surplus
1905.
$
Assets—
★Leasehold cstate.33.090,305
Plant additions— 9,317,479
Equip't additions.
Real est. Steel Co.
$1,700,000
$63,657
Accts. receivable
Bills receivable—
.
Total
♦
1906.
$
Liabilities—
!
1905.
$
33.090.305[Capital stock
45,000,000 45,000,000
7,027,7831 General deprecia728.168
5S3,627|
tion fund
2,650,000 2,100,000
298,808
265,102! Betterment & im1,290,290|
provement fund 7.000,000
6.929.6071 Accounts payable,
Sundry securities. 1,515,563
Inventory account 7,983,109
Special deposit
1,250,000
Cash
|
2,250,000
including div
2,465,105
367,1821 Bills payable, term
4,852,3061
notes
184,217i Profit & lossacct.. 2,357,227
692.654
4,311,206
285,100
59.472,392 56.840.481!
Property, works, coal,
lands, &o
Total
4,000,000
2,896,771
505,000
2.278,710
59,472.392 56.S40.481
subject to payment of $338,720 annual
rental, under Cambria Iron Co lease for 999 years, being
4% on $8,468,000 Cambria
ore
,
Iron Co.’s stock.—V. 84, p. 161.
(lie-port jar Fiscal Year ending Dec. 31 1900.)
J. II. Stcrnbergh, Lebanon, Pa., Feb. 12
1907,
The admirable financial statement shown herewith is the best we have
made.
The business of 1906 far surpassed in tonnage and value
any
year in our history, and is accounted for mainly by an enormous and
steady demand for our products and In part by the^up-to-datejcondltion
of our works.
We spent during the year for betterments and
extensions, mainly for new
buildings and new machinery, $167,901, and increased the reserve fund to
provide for depreciation by $65,500; and we have paid the usual dividends
on our preferred and common stock (5% and
8% respectively per annum,
calling for $35 1,non. — Ed.); and increased considerably our slock of raw
materials and finished goods; and after all tiiis siiow an
increased balance
of undivided profits amounting at the close of business
Dec. 31x1906 to
$1 .618,219 80.
BALANCE SHEET DEC. 31.
1906.
1905.
|
1906
1905.
Assets—
$
SJ
|
Liabilities —
$
S
Plant and enuipmont4.365.S60 4.905.568, Pref.
5% cum. stock.3.000.000 3.000,000
1,647.836 1,549.769 Common stock
Supplies (at cost)
2.550,000 2,550.000
Cash
460.937
149.715 Current liabilities
360.730
561,244
Accounts receivable. 1.054,317
756,6561 Undivided profits.1,618,220
650,462
! Reserve fd. for dep’n
x
600,000
ever
■>
_
Total
x
and
7,528.950 7.361.708',
In 1906 the reserve account,
equipment.—V. 83.
p.
20S.
Total
7.528.95) 7.361,706
$665,500. is deducted from the valuation of plant
American Ice Securities Company.
(Report for Fiscal Year ending Dec. 31 1909.)
President Henry II. Head, writing from the New York
office, 1170 Hroadway, on March 1 1907, says:
Your President has personally inspected the majority of the
properties of
the American Ice Co. and is pleased to state that they are in a
splendid
state of repair and efficiency.
Great liberality of expenditure for repairs
and betterments has been exercised with the view of permanent and econom¬
ical conditions for production and distribution.
Since the properties are
now up to a standard condition, it should cost
comparatively little in the
future to maintain them, and much of the earnings that have gone into re¬
pairs and betterments during the past three years should hereafter be ap¬
plicable to division among the stockholders.
The supply of lee for next
summer in all the company’s departments has been secured, and is
ample
for all Its needs.
So that in equipment, organization and supply, the Amer¬
ican lee Co. faces Its season In the best condition for successful
operation
n the whole scope of its existence.
Capital stock Issued
*
Deduct pref. stock exchanged for 4
bonds
gold"
Balance,
Preferred.
% 30-year
(See bal. sheet In V. 84, p. 449)
$24,201,322
Common.
$25,062,888
9,210,000
$14,991,322
$25,062,888
Of which “reserved”
$125,180
$118,341
Total funded debt Dec. 31 1906
$14,274,000
The company's dividend record has been as follows;
On pref., 5%
yearly (Q.-J.), Oet. 1903 to Jan. 25 1907, both Inclusive.
On common,
Dec. 1904, H%; 1905, 3 ^ %; 1906, Mch. 1
14%; June, 1 y2%; Sept., 1 =>4,%;
Dec., 1?<£%; 1907, Mch., 1H%.
During the year 1906 a bond issue of $16,000,000 was
authorized, of which $9,210,000 was issued for the retire¬
ment of a like amount of the preferred
stock, reducing the
amount thereof to $14,991,322.
See comparative statement
for 1903-06 in V. 84, p. 449; see also V.
83, p. 158.
Manufacturing Co.
Pres.
«
$2,308,147
The Electrical
American Iron & Steel
wrote:
Excess of earnings over dividends
Capitalization Dec. 31, 1906.
BALANCE SHEET DEC. 31.
1906.
$
LXXXIV
:
Improvements.—There
this amount $2,289,696
[VOL.
The
Development Co. of Ontario, Limited.
(Report for Fiscal Year ending Dee. 31 1906.)
directors report as follows:
Operations.—The construction Is not yet completed, and although a small
amount has been received from the sale of
power, It is not sufficient to war¬
rant any statement of profit and loss.
Acquisitions in New York State.—-The company Intends to distribute
power In the United States through the Niagara Falls Electrical Trans¬
mission Co., and valuable franchises have been secured from
municipalities
for the sale of power, and. in furtherance of this
policy, the company has
acquired bonds and stock in the Transmission Company mentioned, also in
the Niagara Falls Gas & Electric Co. and the Albion Power Co., all of which
companies are now' owned and controlled by this company.
A nucleus
has thus been created, from which the future
dcvclopmentfof the company
in New York State will spring.
Bonds.—The authorized issue of bonds is $10,000,000, $8,000,000 of
which have been underwritten and sold; there are in the
treasury $2.000.Odd
authorized bonds, the proceeds of which will be sufficient to
complete the
development, except the further electrical apparatus for the additional
units, and the extension of the power-house building, whenever they
may
be required.
(Compare V. 82, p. 694, 1043.)
Extracts from Address of President Pcllatt at Annual Meeting Feb. 25.
The works of the company at Niagara Falls are now In
operation, and
power is being delivered over the lines of the Toronto <&
Niagara Power Co.
into the city of Toronto.
The transmission line has been tested over its
full length of .84 miles, and Is carrying power without
interruption.
We
have installed two units complete, each with a capacity of
12,500 horse¬
power, equal to 25,000 horse-power; a third unit of the same capacity will
be ready for operation about April 1 next and a fourth unit one month there¬
after, making a total of 50,000 horse-power.
Power was turned on In Toronto In the last week of November, and from
that time to the present the Toronto Railway Co. and the Toronto Electric
Light Co. have been using It in increasing quantities, but it was not until
Jan. 14 that 24-hour power could be delivered.
The aforesaid companies,
between them, are taking over 10,000 horse power, and each, according to
Its capabilities., will continue increasing Its load until the steam
plants are
entirely shut down.
We arc now in receipt of earnings—large earnings, too—and next
year I
believe that 1 shall be able to say to you that the whole of the fixed
charges
Is more than paid out of earnings.
How much more than this we can do
depends, of course, upon the market that we can develop.
[The President
also went quite fully into the position of the company in its relation to the
Canadian Hydro-Electric Commission, the Burton Act (V. 84, p.
223) and
the pending treaty regarding the protection of Niagara
Falls.—Ed.]
Extracts from Speech of Vice-President and General Manager Nichnlls.
The Toronto Electric Light-Co. will this week increase their
consumption
by an additional 2,000 horse-power.
In the past ten years the total in¬
come of the Toronto Railway Co. has increased over
300% and the income
of the Toronto Electric Light Co. nearly 350%.
Tills percentage of growth
should not materially diminish.
In addition to the complete requirements
of these large companies, we expect, before the end of the current year,
to
be supplying electric power for at least certain sections of the Toronto &
Mar. 23
Ry. Co.
of the
and should
that has leased
right-of-way between
both
York Radial Railway Co., the Niagara St. Catherines & Toronto
and several of our large industries.
In addition, the construction
Toronto Niagara & Western Ry. will be commenced this spring
be completed some time next year.
This is the company
the right to construct and operate a railway upon our
Toronto and Niagara Falls, and from whom we will receive a revenue
for the use of the right-of-way and for the consumption of the electric power
required in Its operation.
(V. 82, p. 694.)
Practically our whole development for 125,000 horse-power will be com¬
pleted this year, except the remaining water wheels and generators and the
continuation of the power-house.
The head works, wheel pit and tail-race
tunnels are finished for the full output, and to sell this output we realize
we must make a price which will command a ready sale.
BALANCE SHEET DEC. 31
$
Assets—
190G.
$
Liabilities—
!
0,000.000
Plant. &c.
11.341.04SjCapital stock
Mfg. town site at Chippewa—
47,118; 1st M. 30-yr. gold
Rights of way and cost of trans'
bonds, auth—
2.000.000
mission line between Niagara
Less treasury bds.
2,oil.Sol;
Falls and Toronto
Bonds and stock of Niagara
i
Bal. underwr’n SS,000,000
Falls Gas & Elec. Co., Albion
> Underwritten and
Pow. Co. Elec. Transmission
not yet issued.
335,000
Co. and Clifton Hotel Co...
353,207
Outstanding bonds
34.258 Hypothecated bonds (Canadian
Cash in bank and office
constructing a dam on Los Reyes River, together with the tunnel, power¬
house building and equipment, with a capacity of 20.000 h.p., is estimated
approximately at $2,000,000 gold, and this can be increased to 40,000 h.p.
at an additional cost of $1,000,000 gold, or a total cost of $3,000,000 gold
for 40,000 h.p.
This second power plant, containing two units generating
20,000 h.p., should ultimately yield an additional net annual revenue of
$800,000 gold per annum, and subsequently additional generating units
of 1 0,000 h.p. each can be installed as they are required.
PROFIT AXD LOSS
Net earnings
Deduct—
'04,585;
receivable
Balance, surplus
Add — Dividend from
Total assets
—V. 84. p. 223.
14.352,127i
Total
7,005,000
257.001
425.000
5,000
14,352,127
Total liabilities
53.
Light & Power Co., Limited.
(Report for Fiscal Year ending Dec. 31 1906.)
Friends of the company write to us as follows:
Mexican
President
says
George A. Drummond,
%
in substance:
Construction.—At the close of the year it was possible to effect sweeping
reductions in the construction staff and to reorganize upon a more econom¬
ical operating basis.
PowTer-house No. 1, at Necaxa, Is now nearly
mains at Necaxa no other construction work of
No. 2, which is now ready for sluicing, and upon
completed and there re¬
importance, except dam
which work will proceed
during the whole of this year.
Dam No. 1, at Tenango, was completed in
July; but in December the concrete spill-way was raised two meters.
The Laguna dam is now constructed to a height of nine meters above
of 22,000,of the
the river bottom.
It will have storage capacity, at this height,
000 cubic meters of water, but, owing to tne delay in the completion
Carmen canal and tunnel for the diversion of the Upper
the Laguna storage basin, the amount of water
now
cubic meters; the General Manager hopes that this will
other supplies, to carry all peak loads
The Carmen canal Is about 5
the use of very little steam power.
The canal was
and the tunnel Is 880 meters in length.
Necaxa River into
only 11,000,000
be sufficient, with
during the ensuing dry season with
kilometers
completed in
stored is
October; but the tunnel not till November.
The Los Reyes canal and tunnel have also
the upper waters of Los Reyes River into
mated that this will procure an additional
been constructed to divert
the Necaxa Basin, and it Is esti¬
monthly supply of 1,000,000 to
with the
3,000,000 cubic meters of water during dry seasons,and,together
Laguna Basin, supply the requirements of power-house No. 1, at
pending the
construction of dam No. 2.
Necaxa,
maintain
of electric
Franchises, &c.—A new franchise authorizing the company to
subterranean cables and aerial transmission lines for the supply
energy for lighting, motive power and
purposes
and to all towns and places In the Federal District of Mexico
to the City of Mexico
ufitll the year
granted June 30 1906 and ratified by the Federal ^Congress on
26 1906.
The contract for the supply of electric energy during 20
years for pumping potable waters for the city, which was signed on May 16
last, was ratified on Oct. 22 1906.
The franchises of the company are now
consolidated and ratified by decrees of the Federal Congress of Mexico on a
basis both equitable and satisfactory.
(Compare V. 83, p. 490.)
Lease—Bonds Assumed.—All the properties of the Mexican Electric Light
Co., Limited, including those purchased from the Mexican Gas & Electric
Light Co.. Ltd., and from La Companla Explotadora de las Fuerzas HJdroElectrlcas de San Ildefonso. S. A., were leased by this company from
other
2012
Nov.
Otis Elevator
$4,012,000 '$3,854,194
Operating expenses
T^ffNet earnings,
Est. 1906. Actual 1906.
-
-
Mexican currency--
7j Net earnings, gold-
1.476,975
prices
paid for labor and material, together with the
improvements, equipment, &c.
During the year It was deemed advisable to organize Otis Elevator Com¬
panies of Illinois, Pennsylvania, Missouri and Texas, to conduct the busi¬
ness formerly carried on by your company in their respective territories,
and the statements herewith submitted Include the results of the operations
of those companies.
Out of the earnings of last year’s business your directors have declared
a dividend of 3% on the common stock of the company, payable 1^% on
April 15 1907 and 1 H % on Oct. 15 1907.
Statistics—Earnings, expenses, charges, Are., have been:
Net
earns,
1906.-
1905.
1904.
1903.
$855,167
$912,938
$891,016
$908,055
$339,697
$335,970
$332,670
.after all chgs.
repairs and renewals.
Deduct—
$347,791
Prcf. dividends (6%)__.
Common dividends... (3%) 191 .259(2
216,117
246,235
228,040
248,379
$200,000
$200,000
1.400,000
$200,000
1.200,000
1,000,000
$1,700,000
$1,600,000
$1,400,000
$1,200,000
Surplus
Previous surplus..
Total
surplus
%) 127 .006(2%) 127 .006(2 %) 127 ,006
$100,000
1,600,000
Depreciation
GENERAL BALANCE SHEET DEC. 31.
1996.
$
A ssets—
11,060.032
400,034
Cash
Bills receivable
131,322
Accts. receivable. 3,849,502
Inventories
2,447,345
Plant account
Est. 1907.
$5,042,000
|
I
Liabilities—
10.400,0431Capital (preferred)
411,5251Capital (common).
117,6451 Gold notes (4%)..
3,002,7171 Bills payable
1,443,1001 Accounts payable.
1905.
S
1 Prof, dividends
,
|Com. dividends
| Surplus
applied
The company, out of its net earnings of $1,188,009 gold for 1906,
$113,323 gold for the maintenance of its plants and carried the balance
$1,075,286 gold to profit and loss account.
The operating expenses
$1,470,975, Mexican currency. Includes $591,504 for steam power
of
of
pending
the completion of the hydraulic plant.
The net earnings fell $97,391 gold
below the estimates because (1) the Tramway Company was unable to
procure its machinery so as to take power on Oct. 1 as agreed; (2) the
mining companies at El Oro encountered similar delays and also operated
with less power than expected; C3) the City of Mexico did not make certain
anticipated extensions in the public lighting.
If the tramways, mining and
manufacturing companies with which this company has made contracts
for the delivery of power can secure early deliveries of their machinery,
motors. &c.. from tlie manufacturers, the net earnings for 1907 should be
17,894,235 15,435.090,'
Total
-V. 84. p.
Total
1900.
$
0,150,000
0.375,300
200.000
1,905,000
1,277.377
88,099
191,259
1.700.000
1905.
$
5,099,000
0,350,300
400,000
572,000
001.899
85.485
127,000
1,000,000
17.S94.235 15.435.690
029.
Federal
Sugar Refining Company.
((Official Statement of Jan. 26 1907.)
The statement made to the New York Stock Exchange,
in connection with the admission to quotation in the unlisted
department of $3,322,800 preferred stock and $6,677,200
of the common stock, .says in substance:
increased to about $2,000,000 gold.
Supply of Electric Eneryy.—On Jan. 1 1907 the
in the Federal District of Mexico at El Oro were approximately 46.655 h.p.,
Public lighting, 1.542 arcs, equal to 1,370 h.p.; private light¬
as follows:
ing, number of 16 c.p. lamp equivalents 268,372, or
motor units. 9.050 h.p.: large motor units. 6,570 h.p.; tramway, 070 h.p.;
El Oro mines. 9,225 h.p.
Before the close of the vear 1907 it Is estimated that the total
load will be 64,000 h.p., as follows:
Total now connected, 46.000 h.p.;
Installations connected
Incorporated under the laws of New Jersey June 19 1902.
Authorized
capital: preferred stock, 6%, $10,000,000: common stock. $15,000,000.
The preferred certificate says:
(l) The holders of the preferred stock shall
be entitled to receive, when and as declared, from the surplus or net profits
of the company yearly dividends at the rate of 6% per annum. and no more,
payable quarterly on .dates to he fixed by the by-laws. The dividends on
the preferred stock shall be cumulative, and shall be payable before any
dividend on the common stock shall he paid or set apart; so that If in any
year dividends amounting to 6% shall not have been paid thereon the
deficiency shall he payable before any dividends shall be paid upon or set
apart for the common stock.
(2)
Each and every holder of the preferred
stock shall be entitled at any time, excepting when the books of the com¬
19,770 h.p.; small
connected
Increase in
tramways,
Increased cost of opera¬
and
tion due to effecting changes and improvements In the plants,
♦he
volume of business done In certain grades of work, have tended to reduce ihe
margin of profit over previous years.
We have continued to make liberal deductions for possible depreciation
of raw material and finished stock on hand, maintenance of plants, cost of
assumes
private lighting, 3,000 h.p.: Increase in motor units, 4,000 h.p.;
6,000 h.p.: Increase at El Oro mines, 5.000 h.p.
All these in¬
stallations will not be supplied simultaneously, but tlie additions referred
to will bring the maximum or peak load up to about 41,000 h.p. (contrast¬
ing with 27,000 h.p. in December last, between 6 and 7 p. m.), which,
allowing for losses in transmission, will utilize the entire output of the
present Necaxa and San Ildefonso hydraulic plants.
Steam Plants—Advisability of Increasing Hydraulic Plant.—If the demand
for power should exceed present expectations it will be necessary to utilize
the company’s steam plants, which have a total steam-generating capacity
‘ Nonoalco station. 6 engines and 4 turbines, 7,500 K.W.; San
as follows:
Lazaro station, 3 engines, 3.000 K.W.; Veronica station. 1 engine, 1,000
K.UV total nearly 16.000 h.n.. or 11.500 K.W.
As the operating expenses
p-r unit of power distributed arc more than twelve times what they are In
rh" '-tse of the hvdrauMe plant at Necaxa. tiie advisability of increasing the
hydraulic plant is readily apparent.
The General Manager has prepared preliminary estimates for tin* con¬
struction of power-house No. 2 in the Necaxa Valley above--power-house
No. 1. from which ir appears that with no more diversion or storage works
than those now being completed, excepting a dam on Los Reyes River,
sufficient water is available to operate-the propose l power-house No. 2_
continuously at 20.000 h.p.. or on peak loads at 40,090 h.p.
The cost o '
Company.
(.Report for Fiscal Year ending Dec. 31 1906.)
1,522.000
$2,572,000 $2,377,219 $3,520,000
$1,286,000 $1,188,609 $1,760,000
1.440,000
-2S,GG1,301
President W. I). Baldwin. March 12 1907, says:
The company’s business for the past year has been in excess of any pre¬
vious year, and the outlook for this year is promising.
There has been expended for the purchase of real estate, new buildings
equipment!exclusive of repairs and maintenance of plants), and acquisition
of outstanding stock of subsidiary companies, the sum of $1,214,420, of
which sum $1,020,420 has been paid In cash and the remainder in stock
from the company’s treasury.
These expenditures have called for large
cash disbursements, in addition to the increased requirements (working
capital) for carrying to completion your company’s contracts.
The
capacity and condition of your plants not only justify the large expenditures
In
the
made
past, but also the expectation that your present shops will be
able to take care of the larger volume of business anticipated during this
year, and to much greater advantage than heretofore.
The Increased
35, 730; V. 83, p. 497, 1415.)
Earninys.—In January 1906 the General Manager made an estimate of
earnings and operating expenses for the past year.
This estimate and also
tlie actual earnings for the past year, and the estimate for 1907 follow:
,
$
1415
V. 81, p.
earnings
.$1,050,428
31 1900 (GOLD (TRREN CY).
Total
.28,001,3011
Total
-V. S3, p.
of the $6,000,000 bonds of the
of operating and
maintaining the works and lines of said company, the capital stock of which
is owhed and controlled by the Mexican Light & Power Co.
(Compare
Gross
380,331
deb. 18.740
Liabilities —
|
$
Assets—
was
Jan. 1 1906 for 99 years, under a contract by which this company
the payment of the principal and interest
Mexican Electric Light Co., Ltd., and all the expenses
Ltd
.000
Prop'ties, concess’ns,&c.(cost) 24,350,4571 Cap. stock (auth. $10,009,000) 13,585
12.000 .000
Apparatus rented
21,4391 Bonds (auth. $12,000.000)
00,000sh. Mex.El.Lt.Co.,Ltd. 3.000,000(Current loans and overdrafts. 1.403 .800
210 .240
Shares of other companies
10,992(Sundry accounts payable
3 .204
Materials
742.7381 Unclaimed wages
.022
Accounts receivable
387,0301 Emp'yees'^consumers' depos.
21,015| Accrued bond interest'
Government deposits.
150
.000
24,3751
Mcx. Elec. Lt. Co., Ltd
Unpaid stock subscription.s..
250 .000
25.0351
Mex. Lt. & Pow. Co . Ltd..
Unexpired insurance, &c
1.050 429
77,074 Profit and loss account
Cash
stock
for 1U07
tlie stock,
Montreal, Jan. 28 1907,
292.000
140,000
Ltd., year 1905 of properties ac¬
profit and loss account per balance sheet.-.
GENERAL BALANCE SHEET DEC.
The surplus earnings applicable to dividend upon the common
amounted to $250,843, equal to about 1.00%.
The estimated net
of $1,700,000 should leave a surplus equal to
'4
upon
would,
out of which the company
we think, be Justified in commencing
dividends during the latter part of the year.
about 5
$256,843
Mexican Electric Works, Ltd., year 1904.
quired from the Mexican Electrical Works,
written oil
;
$518,443
300,000
-
Deduct uncollectible accounts
payable
i Sale of power
$1,075,286
Dividend from Mexican Electric Light Co.,
Net earnings for 1905. Including earnings
Bank of Commerce) $335,000
1 Bills and accounts
ACCOUNT.
for 1906 from all properties
Proportion of interest on bonds chargeable to operating account
.
to Dec. 31 1906--.. Interest on bonds Mexican Electric Light Co. for year 1906
$10,000,000
Accounts
G91
THE CHRONICLE.
lv'37.]
j
i
|
j
1
|
‘
pany are closed for the payment of dividends, to deliver to the company,
properly indorsed, his certificate for preferred stock, and receive in lieu
thereof common stock, share for share, and thereupon such certificate or
certificates of preferred stock shall be retired and canceled and never again
reissued, and thereupon such preferred stock, the certificate for which is
so received and
canceled, shall become and thereafter remain common
stock.
(3)
All or any of said preferred stock not so exchanged shall he
subject at any time to redemption by the company at par and 25% in
addition thereto.
At tlie time of any such redemption the holder of pre¬
ferred stock so redeemed shall have the right to waive said 125% in cash
and demand that the company issue to him, in lieu of said preferred stock
(4)
In the event of any
so redeemed, common stock, share for share.
liquidation or dissolution or winding up (whet her voluntary or involuntary)
of the company, tlie holders of the preferred stock shall be entitled to be
paid in full both the par amount of their shares and the unpaid dividends
accrued thereon before any amount shall be nald to t beholders of the eontPar value of shares, preferred and common, Sloe.
mon stock.
692
THE CHRONICLE.
Both common and
preferred stock have voting power: there
are over 150
Ereferred
over stock.
dividends
beenstockholders
130 common
stockholders.
paid on the and
common
Two dividends
been
have No
paid on
ave
the preferred stock, one of 12% on Feb. 7 1905 and one of 3% on A ug. 25
1906
Dividends
have accumulated
on the preferred stock since May 1 1905
Balance Sheet July 28 1906.
MA ssets—
Property and plant—repre¬
$
Liabilities—
$
Pref. stock.-.$10,000,000
sented by the entire capi¬
Less In treas’y
6,677,200 3,322,800
tal of the Federal Sugar v
Common stock 15,000,000
He lining Co. of Yonkers
Less In treas’y
8,322,800 6,677,200
and patents
6,910,435 Accounts and bills payable 2,804,437
Bills receivable
5,901,484 Prolit and loss account
268,956
Accounts receivable
261,116
Cash
358
Total
13,073,393
Total-
13,073,393
There Is no bonded debt either of this company or of any acquired or
constituent company.
This company owns not the fee. but the entire
$100,000 capital stock of the Federal Sugar Refining Co. of Yonkers, whose
plant, located at Yonkers, Includes about 10 acres of land lying between
the New York Central & Hudson River RR. and the Hudson River, and
under water, and has a water frontage of about 716 feet, on which there
have been built docks of the best construction, with water of sufficient
depth to unload ocean-going, sugar-carrying steamers.
On these docks
have been constructed 10 warehouses.
The refinery Itself consists of 3
large buildings, with various smaller buildings.
It has been equipped with
the most modern and improved machinery.
The company will publish an annual report to Its stockholders.
The
fiscal year ends Aug. 31.
Directors—C. A. Spreckels, Clarence H. Mackay and William W. Cook,
all of New York City; Dumont Clarke, New York City and Dumont, N. J.;
George Crocker, New York City; George A. Fernald, Boston, Mass.; Pierre
J. Smith. Orange, N. J.
C. A. Spreckels Is President; Clarence H. Mackay,
Vice-President; Dumont Clarke, Treasurer; Pierre J. Smith, Secretary and
Assistant Treasurer.
Office, 138 Front St.—V. 84, p. 341.
Co.
It has a capacity to-day of 65 tons of board per day, which Is a little
one-third of the present production of the straw board of the company
per day In the past year.
Improvements Required.—In addition to properly equipping the present
mills In operation, a large sum of money must be expended In re-locating a
number of machines which to-day are Idle and Instead of producing a profit
are maintained at a large expense, as is evidenced
by the annual statement,
by the sum of some $38,000.
The management have already started to
re-bulld and re-equlp the mill at Wilmington, Ill., the total cost of which
will require an expenditure of from $120,000 to $130,000.
The large
amount charged off to depreciation only applied to the mills that are en¬
tirely out of commission at the present time.
Production.—When the company was originally organized, It had 21
operated mills and a capacity of over 400 tons per day, which was about 65%
of the production of boards consumed In the United States of all kinds.
The capacity of the mills to-day of the entire country will aggregate about
2,100 tons per day and there Is cut and consumed of all kinds of board about
1,600 tons per day.
INCOME ACCOUNT.
1906.
1905.
1904.
1903.
$395,526
$24,937
120,000
$223,589
$103,167
$286,041
$94,403
$562,627
$301,947
Surplus
$250,589
Previous surplus
$1,107,356
Less deprecia’n (see text)
1,221,731
$120,422
$986,934
$191,638
$795,296
$260,680
$534,616
$1,107,356
$986,934
$795,296
Profits
Charges
Dividends
Final surplus.
Net profits for six months ending Feb. 1 were $807,003, against $738,805
for the corresponding period last year.
During the half-year 302 shares of
first preferred stock were converted Into common stock.
On Oct. 9, with
the approval of the directors of the Associated Merchants Co., but at his
1906.
Assets—
$
Plants and pats.5,101,371
Stores
Pers'l property.
Merchandise
Total...
John Claflin continues to hold for the
occupied by James
benefit of the Associated Merchants Co. the real estate
McCreery <Sc Co., running from 34th to 35th Streets.
RESULTS FOR YEARS ENDING FEB. 1.
1,502,032
Dlv. on 1st preferred stock
Dlv. on 2d preferred stock
Dlv. on common stock
1905-06.
$
1.342,362
1904-05.
$
1,084.925
(6)366,673(5^)278,256(5^)248,406
(7)355,166(6
2^)342,293(6
(9)542.086(8>4)481,630
Total
Balance
1,263,925
238,107
2^)309,937
(8)363,886
1,102,179
240,182
922,229
162,696
BALANCE SHEET FEB. 1.
1907.
Assets—
$
Cash
X676.297
All the primary securities of: J. Mc¬
Creery & Co.. N. Y ; Stewart & Co.,
Balt.; J. N. Adam & Co., Buff., and
$2,400,000
of
debenture
bonds
O’Nelll-Adams Co., N. Y.. aggre¬
gating In 1906 $8,100,000 par value y8,100,000
45,001 shares H. B. Claflin Co.
5,000,000
Junior securities, aggregating $5,500,000 par value, yielding more than
10% annual Income
.
on
Total assets
Liabilities—
First preferred stock
Second preferred stock
Common stock
Dlv. on 1st and 2d pref.,
Feb. 1
$5,200,000.
liabilities
er
1905.
$
$
2,637,669
2,047,489
5,900,000
5,000,000
4,000,000
5,000,000
5,000,000
5,000,000
5,000,000
18,776,297
18.537.669
16,047,489
6,083,800
5,073,800
6,092,400
6,171,500
4,393,600
5,061,200
5,545,200
5,073,500
6,005,000
1,526.297
1,287,669
22,913
1,024.576
18,776,297
18,537,669
16,047,489
p<
& Co.
y includes entire business of McCreery & Co., Stewart & Co. and
J. N. Adam & Co. and four-fifths of debenture bonds, two-thirds of Income
bonds and four-fifths of capital stock of O’Nelll-Adams Co. and four-fifths
of common stock of C. G. Gunthers’ Sons.—V. 84, p. 510.
American Sewer
President
•
L
Total
10.552,243 10.636,5541
Total
10,552,243 10,636.554
Dividends at the rate of 3% yearly (
% quarterly), calling for $234,171
have been paid since July 1904.
During 1906 $50,000 bonds were re¬
deemed by the sinking fund and canceled, making a total of $560,500 can¬
celed to Dec. 31 1906.
On the date last named there were held in the treas¬
ury $457.5uo bonds, being the same amount asjheld Dec. 31 1905.—V. 83,
689, 381.
American Strawboard
Company.
{Report for Fiscal Year ending Dec. 31 1906.)
President O. C. Barber says in part:
Depreciation.—Your directors have charged to surplus account for de¬
preciation $1,221,731.
This seems a large amount, but It Is fully justified
by the fact that since 1892 nothing has been charged off for depreciation
other than ordinary repairs.
It Is the opinion of your directors that a still
greater sum must be charged olT to get the property down to a solid basis,
and that the earnings must be largely used for the purpose of repairing and
equipping the mills with machinery of modern type to meet the competition
of outside modern mills.
Earnings.—The earnings for the year 1906, without any deduction for
amounted to $395,526, more than one-half of which was
arned by the Clrclevllle mill, or $214,478.
The balance of the earnings
were made by the stores and the other eight mills that were In
operation
during the year.
The value of the Clrclevllle mill Is to-day somewhat Iosb
than its original cost, it having been built 22 years ago.
The cost of the
mill when finished was $450,000.
It was built by the Portage Straw1 Board
Herring-Hall-Marvin Safe Co.
{Report for Calendar Year 1906.)
C. U. Carpenter says in substance:
through the catastrophe at San Francisco with magnificent results. The
factory Is in first-class condition, the output per square foot of floor area
having Increased In 1906 over that of any other period.
The company
begins the year 1907 with a satisfactory booking of orders on burglar work
and an excellent volume of sales upon fire-proof production.
The results of operations for the calendar year 1906 were:
Net earnings for calendar year 1906
$102,049
Deduct—Charges for depreciation
$31,666
San Francisco
reserve
Included above
11,000
42,666
$59,383
BALANCE
A. ss(zts~~~~
Real estate and
DEC.
1906.
Liabilities—
buildings.
Machinery, &c
Stocks on hand at cost
Work In process and ma¬
terials at cost
Bills & accts. rec. & cash
Insurance. &c., paid In adv
Stock of other companies.
.
Patents, trade-marks, &c_
Total
-V. 84, p. 393.
SHEET
$202,652 Debentures
298,864
207,076
maturing to
1915
Bills payable
Accounts payable
Reserves for completion of
329,988
contracts
372,830
8,095 Contingent liability res’ves
1,000 Capital stock (7.000 sh.)
92,000 Surplus of year’s operation
.$1,512,506
.
Total
_
$410,000
170,354
92,561
64,208
16,000
700,000
59,383
.$1,512,506
RAILROADS, INCLUDING STREET ROADS.
1905.
S
...
depreciation,
..6,467,925 7,545,103
GENERAL INVESTMENT NEWS.
Cost property, less
p.
Total
conservative.
There Is no mortgage or lien of any character upon the property.
San Francisco Fire, Administration, Ac.—Our safes and vaults came
Pipe Company.
|
1906.
1905.
|
Liabilities—
$
$
Capital stk. issued. 7.S05.700 7.805,700
depreciation
9,263,8191 9,253,029 1 Bonds outstand’g. 1,482,000 11,532.000
Cash
194.130
190,8501 Accounts payable.
33,969
40,670
Accounts and hills
| Wages
34,471
30.754
receivable
339,714
342,5651 Int. & taxes accr’d
39,722
39,734
Materials and sup¬
[Dividend
58,543
58,543
plies
850.110 ISurplus
754,581
1.135.854
1,091,137
AssfW—
1905.
Profits.—The actual net profits for the year’s operations, before charging
off for depreciation, are $102,049.
Reserves.—We have established a special reserve of $11,000 against
possible losses In uncollectible accounts In San Francisco, due to the fire
last April.
The large reserve for erection Is established to care for the
expense attendant upon erecting Jobs shipped the latter part of the year.
Depreciation and Maintenance.—We have set aside $31,666 has a con¬
servative depreciation, as follows: 5% on real estate and building account
(value of real estate deducted), 10% upon machinery account (less tools,
&c.) and 20% on furniture, fixtures, &c.
In addition, the company
charged to expense $18,160 upon maintenance, It being our policy to keep
our property In first-class condition.
We adopt the policy of charging to expense all replacements of new
tools, patterns and belting, so that our valuation of these items Is very
{Balance Sheet Dec. 31 1906.)
1906.
$
1906.
Balance, surplus
Jan. 15 to
Surplus
Total
1906.
I
$
I Liabilities—
$
$
6,326,610 (Capital stock...6,000,000 6,000,000
425,000 Acc’ts payable..
22,726
31,671
52,340 Bills payable
75,000
36,429 Bonds
268,000
323,000
154,133 Accr’d interest..
6,700
8,075
4,500 Suspense acc’t..
245
228,748 Dividend acc’t..
34,040
46,299 Surplus
136,214 1,107,357
271,043
6,467,925 7,545,103
ames
the 34th Street business at cost and Interest, i. e., $2,200,000.
The profits
of the new Investment having materially exceeded Interest, the assets trans¬
ferred by John Claflin to James McCreery & Co. were of greater value than
1905.
Compare important facts in V. 84, p. 52, 105, and United
Box Board & Paper Co., V. 83, p. 1540.
Juest ofMcCreery
the directors
of all
thethe
Associated
Merchants
Co.,estate,
John Claflin
sold to
to
& Co.
assets, except
the real
pertaining
1906-07.
$
54,642
31,219
158,100
3,425
356,700
87,173
250,295
receivable.
risk, John Claflin opened an extension of the business of James Mcnew building at 34th Street.
In December, at the re-
Year—
Net earnings
425,000
Supplies
Creery & Co. in his
$2,200,000, the price paid him.
$136,214
BALANCE SHEET DEC. 31.
President John Claflin says:
own
(2%)
Acc’ts receivable
Cash
Investments
(.Report for Fiscal Year ending Feb. 1 1907.)
LXXXIV.
over
Bills
Associated Merchants Go.
[VOL.
Amherst & Sunderland Street Ry.—Sold.—Wm. S. Loomis
President of the Holyoke Street ily. Co., and others, it is
stated, liavo bought the control of this property. * The capi¬
tal stock is 8120,000 and the bonded debt $117,000.—V. 78,
p. 701.
Ashland & Western "Ry.—Details of
Mortgage.—The first
mortgage to the Cleveland Trust Co. as trustee is made to
secure an
issue of $200,000 of $1,000 20-ycar 6% gold
bonds, due Jan. I 1927, but subject to call in whole or in part
at
102^onJulyl 1908 or any interest day thereafter; interest
payable at the office of the trustee.—V. S3, p. 1589, 1468.
Atlantic City & Suburban Traction Co.—Payment of In¬
terest in Scrip.—Circular letters have been sent out asking
the first mortgage bondholders to accept scrip in payment
for interest due on Feb. 1 last; the second mortgage bond¬
holders to accept scrip and raise a fund of $20,000 for the
payment of pressing claims; and the unsecured creditors are
requested to accept stock in lieu of all claims.—V. 77, p.1224.
Atlantic Quebec & Western Ry.—Listed in'London.—The
London Stock Exchange in February last listed £70,200
5% first mortgage debenture bonds of £100 each (Nos. 805
to 1,506) and partly paid scrip certificates for £56,200 5%
first mortgage debenture bonds.—V. 83, p. 154, 1522.
Bangor & Aroostook RR.—Sale of Bonds.—This company
and its subsidiary, the Northern Maine Seaport HR., have
sold to
a
syndicate formed bv Brown Bros. & Co:
■
■ a
Mar. 23
first mortgage bonds due 1935,
guaranteed by the Bangor & Aroostook. Total authorized Issue,
55,000,000, of which there have been issued, Including the above,
The purpose of the present Issue is to provide for
54,410,000.
double-tracking 30 miles of line where the traffic now offering is
too great to be handled over one track; also for terminal Improve¬
ments and additional equipment.
1.000,000 Bangor & Aroostook RR., Medford Extension 1st mortgage 5%
gold bonds due 1937, being the total authorized Issue.
These
bonds provide for the construction of a 28-mlle low-grade cut-off
from a point 4 miles south of West Sebels to Legrange, passing
Lake, and forming with the
between Schoodic and Seboeis
Northern Maine Seaport line a low-grade route from the sea,
suitable for the present heavy traffic.
,000 Bangor & Aroostook RR., Series “D”. 5% equipment trusts,
maturing semi-annually to 1917, beginning October 1907. This
issue covers the following equipment, purchased at acostof $1,000,000: 300 flat cars, 706 box cars, 40 stock cars and 6 cabooses.
5800,000 5% Northern Maine Seaport RR.
The two issues first named are described as legal for sav¬
ings banks in the States of Maine and Massachusetts.—V. 84,
p 157
Boston & Lowell RR.— Sale of Bonds.—Mackay & Co.
have sold to investors at par and interest 8325,000 4% de¬
benture bonds, to be dated July 1 1907 and maturing July 1
These bonds are issued to take up a like amount of
1927.
4s, due July 1 1907. See V. 84, p. 50.
Buffalo & Susquehanna RR.—Application to List.—The
New York Stock Exchange has been requested to list $2,408,000 additional first refunding mortgage 4% bonds of 1951,
making the total listed $8,929,000.—V. 83, p. 1091, 1116.
California Midland RR.—New Bond Issue.—The stock¬
holders will meet on April 5 to vote on a proposition to issue
$3,000,000 5% 40-year-gold bonds, to be dated May 1 1907,
and secured by mortgage to the Mercantile Trust Co. of San
Francisco, as trustee, on a proposed railroad from Marys¬
ville, Cal., to Grass Valley and Nevada City, with divergent
line to Auburn, Cal.
President, John Martin; Secretary,
Henry Malloch..
the return of the
$4,206,000 capital stock of the
Chicago
Cincinnati & Louisville securing the bonds to their former
owners; also for the cancellation of a claim of about $800,000
for betterments made upon the Chicago Cincinnati & Louis¬
ville.
The latter company will also receive $400,000 of
Pere Marquette receiver’s certificates.—V. 84, p. 507, 101.
Easton (Pa.) Consolidated
Transit Co. below.—V. 84, p.
Electric
Co.—See
Easton
450.
(Pa.) Transit Co.—Exchange of Bonds.—Referring
payment on April 1 at 103 and interest of
the $300,000 first mortgage 5s due 1922, Edward B. Smith
& Co. of Philadelphia announce:
Easton
to the call for
We are prepared to exchange 5% collateral trust bonds of
Consolidated Electric Co. for the above bonds of the Easton
on terms to be given upon application.—V. 84, p. 450.
Erie
the Easton
Transit Co.
RR.—Suspension of Construction Work.—Announce¬
determina¬
ment was made on Thursday of the company’s
tion to suspend all construction work in New York
State until
partly on account of adverse money market
partly because of proposed burdensome legis¬
lation, particularly with reference to the control of subsidiary
corporations, through which the new work was to be done.
Section 42 of the Public Utilities bill provides that no rail¬
road corporation shall own more than 10% of the capital
stock of any other railroad corporation.
An official state¬
further notice,
conditions and
ment
says:
There are two Important lines being constructed In New York State, one
from Cuba, on the main line, to Hunts, on the Buffalo division, by means
of the Genesee River RR., and another large expenditure Is being made for
a
low-grade line between Port Jervis and Newburgh Junction, on the
New
York division, by the Erie A Jersey RR. Co.
These companies were organ¬
ized In the State of New York and work has been under way during the past
Under present conditions, these companies And
dispose of tnelr securities on terms that Justify the
year.
to
work at this time.
themselves unable
completion of the
A company of the same name, but for different section of country, au¬
thorized a bond Issue In Dec. 1901 but lost Its charter through inactivity.
Compare V. 73. p. 899.
It Is expected to continue the work on the Bergen Cut and terminal Im¬
provements connected with It at Jersey City, on account of the pressing
necessity for them, and upon the Columbus & Erie RR., In Warren County
Pa., and various smaller contracts In Ohio and New Jersey which are near¬
ing completion.—V. 84, p.390,270.
Canadian Northern Quebec Ry.—Listed in London.—The
London Stock Exchange has listed the scrip for £1,000,000
a
4% perpetual guaranteed debenture stock. See offering in
V. 83, p. 968.
Exchange of Bonds.—The company , as successor by amal¬
gamation of the Great Northern Railway of Canada, an¬
nounces that upon deposit not later than April 14 of that
company’s 4% guaranteed bonds with the National Trust
Co. of Toronto, there will be issued in exchange therefor 4%
Canadian Northern Quebec Ry. perpetual debenture stock
(guaranteed both as to principal and interest by the Cana¬
dian Northern Ry. Co.) at the rate of £95 sterling of such
debenture stock for each $500 of Great Northern bonds, in¬
terest to be adjusted both on stock and bonds, the said de¬
benture stock to be issued in London, England.
Compare
V. 83, p. 968, 1036.
Canadian Pacific Ry.—Listed.—The London Stock Ex¬
change has listed a further issue of £1,000,000 4% noncumulative preferred stock and £1,6S2,406 4% perpetual
consolidated debenture stock; also a further issue of £46,233
perpetual 4% consolidated debenture stock of the New
Brunswick Ry., interest guaranteed bv the Canadian Pacific.
—V. 84, p. 338.
Central New England Ry.—Offer for Minority Interests.—
The ‘‘Financial Bulletin” of Philadelphia for March 16 saj-s:
Renewed efforts have recently been made by New York Interests to
acquire the outstanding securities of the Central New England RR., control
,
693
THE CHRONICLE
1907.J
by the New York New Haven & Hartford RR. In
brokers have been offering 68 Yi for the Income
bonds. 221-2 for the preferred stock and 14 for the common stock, but
local holders, as a rule, have refused to sell at these prices, as they believe
they will ultimately secure much higher figures.
The New Haven RR.
obtained its majority Interest at 26 for the preferred and 11 for the common
shares and 66 for the income bonds.
The New Haven owns 52,963,500
out of 53.450,000 common and 52,696,100 out of 53,150,000 preferred stock,
and 55,904.000 out of 57.250,000 Income bonds.
To cover the cost of its
purchase theNew Haven issued 55,000 000 4% debentures.—V. 84, p. 449.
of which was purchased
Feb. 1904.
New York
Chicago, Cincinnati & Louisville RR.—Settlement.—See
Dayton Ry. below.— V. 84, p. 507, 219.
Chicago Great Western Ry.—See Wisconsin Minnesota &
Pacific HR., below.—V. 84. p. 626, 390.
Chicago Terminal Transfer RR.—Sale Advertised for May 3.
—The foreclosure sale under the mortgage of 1897 ($16,500,000 authorized and $15,140,000 outstanding) is advertised
to take place in Chicago on May 3.
Upset price $15,140,000,
subject to the several contracts, leases, mortgages, &c.,
described in the decree entered Feb.- 20 1907.
The new
interests which a few months ago bought into the property
it is believed will announce the plan of reorganization as
Cincin. Hamilton <fc
'
times
soon as
to the
are
propitious.
The sale includes, in addition
property owned in fee:
All Interest of the company In and to 55,000,000, or substantially
55,000,000, of the capital stock of the Chicago & Calumet Terminal Railway
Co. and 56,000,000 of the first mortgage bonds of said Chicago & Calumet
Terminal Railway Co., deposited with the trustee: also 5,000 shares of
-5100 each of the Hammond & Lake Michigan Railway Co., and 5,000
shares of 5100 each of the Calumet River Railway Co.—V. 84, p. 569, 507.
Chihuahua & Pacific RR.—Description.—The “Engineer¬
ing Record” of March 2 contains an illustrated article on the
•construction of this road.—V. 71, p. 181.
Cincinnati Hamilton & Dayton Ry.—Settlement of Claims.
—Judge Lurton at Cincinnati on March 16 issued a supple¬
mental order granting the recent request of receiver Judson
Harmon to compromise the claims between the Chicaga Cincin¬
nati & Louisville, the C. H. & D. and the Pere Marquette.
'The agreement provides for the cancellation of the Pere
Marquette $3,500,000 collateral trust indenture of 1905 and
Great Northern
decision in the
Ry.—Again Postponed.—In the absence of
injunction case, the company postpones:
The time for the closing of the transfer books for the purposes of the new
Issue of stock, and the time limit for the filing of subscriptions, until 3p.m.
March 26; the time for filing assignments unt'.l 3 p. m. March 30; and the
time for making the first, second and third payments until April 2.
Com¬
pare V. 83, p. 1469, 1590.
Ore
Certificates.—The temporary certificates are now being
exchanged for permanent certificates of interest in “Great
Northern Iron Ore property.”
Ore Lease Terminable Jan. 1 1915.—The report of the
United States Steel Corporation published last week (p. 635)
makes known the fact that the lease of the ore properties
be terminated Jan. 1 1915 at the option of the Steel
p. 626, 570.
Great Northern Railway of Canada.—Exchange of Bonds.—
See Canadian Northern Quebec Ry. above.—V. 83, p. 155,
may
Company.—V. 84,
271,969.
Havana Electric Ry.—New President.—Warren
of Cleveland, formerly President of the Lake Shore
Bicknell
Electric
Ry. of that city, lias been elected President.
Report.—The;results for the year ending Dec. 31 were:
Taxes
Bond
Balance.
Interest.
Surplus,
and Rents.
$20,257
$398,314
$303,273
18,979
395,897
370,920
137,609
15,338
408,270
From the balance as above In 1906 was paid a dividend of 4% ($200,000)
on the preferred stock, leaving a balance for the year of $103,272.
'The total accumulated surplus Dec. 31 1906 was $509,074; adding balance
as above for 1906
($103,272) and deducting $100,000 for repayment of
coupons surrendered in 1899 as per agreement, and $70,887 for suspense
account, leaves a total profit and loss surplus as of Dec. 31 1906 of $441,458.
Cal.
Year—
1906
1905
1904
Total
Operating
Receipts.
$1,662,073
1,542,870
1,270,625
Expenses.
$940,230
757,074
709,408
—V. 84, p. 570.
Holyoke (Mass.) Street Ry.—Sec Amherst & Sunderland
Ry. above.—V. 82, p. 1322.
Indianapolis Southern RR.—Description of Road. — See
Street
article in “Railroad
p.
Gazette” of March 15 1907.—V. 83,
1590.
Kansas City Mexico & Orient RR.—Sale of Bonds—Con¬
struction.—President Stillwell is quoted as saying that he
has succeeded in selling $1,500,000 bonds of the company;4
which will permit of a rapid extension of the road this sum¬
508,102.
Railway & Light Co.—Payment,
for Stock.—“Philadelphia News Bureau” of March 19 says:
mer.
Compare V. 84,
p.
Lancaster County (Pa.)
25%, or $500,000,
Bertron, Storrs &.
Griscom, of New York and this city.
Other payments of 25% will be paid
on June 1, Sept. 1 and Dec. 1 next, thus making the purchase price of the
$1,000,000 stock (par $50) $100 per share, or $2,000,000.
See V. 84, p. 570.
The shareholders have been paid the first Installment of
upon their holdings, which nave been transferred to
Michigan Central RR.—Description of Tunnel.—The “En¬
gineering Record.” of March 2 contains an illustrated article
describing the tunnel under construction under the Detroit ’
River by the Detroit River Tunnel Co.—V. 84, p. 339, 271.
Minneapolis St. Paul & Sault Ste. Marie Ry.—Extension to
Duluth.—The company, it is announced, has decided to
build from the main line at Brooten, Minn., 14 miles south¬
east of Glen wood, northeast to Superior and Duluth, a dis¬
tance
of
200 miles, crossing the Northern Pacific at
Royalton and again at Mooselake. The contract for con¬
struction has been let and work is to begin as soon as the frost
is out of the ground.—V. 84, p. 51.
New York Central & Hudson River RR.—Estimated Quar¬
terly Earnings to Be Discontinued—Explanation.—After the
regular meeting of the directors the following statement was
given out on Wednesday:
l
•
for the quarter was declared,
stockholders of record at 3 p. m. March 28.
A dividend of 1 H%
to the
payable April 15 1907
It has been decided
liscal year, the preliminary estimated
quarterly statement heretofore Issued will be discontinued.
The reason
for this change Is that the estimates, except as a general basis for the
declaration of dividends, are more or less Inaccurate, and consequently
misleading, and particularly so tills year, on account of the difficulty in
estimating accurately in advance the result of the heavy increases in the
amounts paid for labor, &c.
Hereafter such Information will only be given
or publication when the actual results are ascertained.—V. 84, p. 571, 391.
that, beginning with the present
New York City Railway.—Favorable Decision.—The Ap¬
pellate Division of the Supreme Court, First Department,
on March 15 handed down a decision in the case of one Ketchum, holding that the rule of the company requiring pas¬
sengers to ask for transfers at the time of paying fares is a
reasonable regulation.
The decision of the lower courts,
awarding damages for a refusal to give a transfer to the
plaintiff some time after the payment of his fare, is reversed.
Justice Scott wrote the opinion.—V. 84, p. 391.
New York & Long Island RR.—Completion of Tun¬
nel to Long Island City Expected, Aug 1.—This company,
owned by the Interborough Rapid Transit (subway) Co. of
New York City, it is said, expects to have its tunnel from
42d Street, Manhattan, to Long Island City ready for use
on or about Aug. 1.—V. 83, p. 1229.
New York New Haven & Hartford RR.—Negotiations.—
See Poughkeepsie & Eastern Ry. below.
Legislation.—The Connecticut Senate this week passed the
giving the holders of the §30,000,000 convertible deben¬
tures issued Jan. 1 1900 the right to subscribe to new stock
and also to confirm the merger of seven subsidiary roads.
The bill now goes to the Governor.
Compare V. 84, p. 450,
271.—V. 84, p. 020, 571.
Northwestern
Pacific
RR.—Meeting Postponed.—The
meeting for the authorization of the $35,000,000 mortgage
has been postponed until April 29 for some technical reason.
The San Francisco papers give the following facts regard¬
ing the constituent companies as shown by reports for the
year ending June 30 1906 on file with the California Railroad
bill
Commission.
Miles.
Stock.
Bonds.
177 ?4 $6,000,000 $3,880,000
Line of Road.
Companies.
Sau Frau. No.Pac.Tlburou to Ukiah, &c
Cal. N. W., lessee
of the above
Uklab to Sherwood
North Shore RR .Sausallto to Cazadero, &c.
San Fran. & N.W.3 lines In Humboldt Co
—V. 84, p. 221, 272.
.
40
1,566,000
90^ 6,000,000
33.612
300,000
985 000
3,498,000
462,000
Poughkeepsie & Eastern Ry.—ANegotiations for Sale.—The
Russell Sage have practically concluded a sale
of the road for a consideration of about §400,000.
No pa¬
pers have yet been signed, so that the announcement in the
press that the road has been acquired by the New York
New Haven & Hartford is pronounced premature.
It is
expected, however, that the sale will be consummated and
It will give
that the New Haven road will be the purchaser.
the latter terminals in Poughkeepsie.
The road runs from
Poughkeepsie to Boston Corners, 40 miles.—V. 66, p. 1238.
San Pedro Los Angeles & Salt Lake RR.—Earnings for
Calendar Year.—The following comparative statement, it
is stated, is confirmed as substantially correct: "
of the Rock Island crowd.
This transaction was
that the control of the Union Paclflc had passed to
p.
Year.
Gross.
Over. Exp.
Net.
Deductions.
Balance.
$4,800,139
$3,449 954
$1,350,185 $185,224 $1,164,961
1906
2,405,456
1,757,420
1905
648,036
244,894
403.142
The
None of the $40,000,000 of 4% bonds, It Is said, have been sold.
Interest charge on these If outstanding would call for
so that on the basis of the aforesaid earnings the road did not meet its In¬
terest charge, but, according to the “New York
It is
the prop¬
erty “Is now earning fully enough to meet the
on
The Union Palcflc RR. and Senator Clark each own a half Interest In the
company.
The report this week that
over
Mr. Clark s Interest was denied by him.—V. 82, p. 1323.
$1,600,000 yearly,
Times,”
Interest
said
these bonds.’’
the Union Paclflc had taken
Susquehanna Railway Light
& Power Co.—Purchase.—
See Lancaster County Railway & Light Co. above.
Controlled Property.—See report of United Gas & Electric
Co. of New Jersey in V. 83, p. 1589.—V. 84, p. 571.
Texas & Pacific
a
preceding
Ry. Co.—Report.—See “Annual Reports”
page.
New Directors.—Robert C. Clowry
director to succeed James H. Hyde and
place of Louis
has been elected a
Benjamin Nicoll, in
Fitzgerald.—V. 84, p. 509, 52.
Texas Traction Co.—Stock.—The company’s stock con¬
sists of §2,000,000 common and §1,000,000 preferred, all
outstanding. See full description of enterprise
627.
Underground Electric Railways of London.—Listed in
London.—The London Stock Exchange has listed a further
issue of £160,000 Baker Street <fc Waterloo Ry. perpetual
4% debenture stock, making the total amount listed, it is
understood, £560,000.—V. 84, p. 340, 104.
Union Pacific RR.—Earnings of Subsidiary.—See San
Pedro Los Angeles & Pacific RR. above.
Testimony before Inter-State Commerce Commission.—The
“Railroad Gazette” of March 1 and March- 8 contain con¬
siderable citations from the testimony of President Harriman
before the Inter-State Commerce Commission at the recent
hearing in this city. This testimony should be read in con¬
nection with the exhibits published exclusively in the
“Chronicle” of March 2 and March 9, pages 509 and 572
respectively. Also see interview'p. 411 of “Gazette” for
of which is
in V. 84, p.
March 22.
Rumors.—The “Boston News
Bureau” of March 19 says:
Wall Street that 200,000
Thursday at $110 a share.
There Is a tacit
stock was sold pri¬
There Is persistent belief In the Inner circles of
shares of Union Paclflc passed at private sale last
The belief is that it was Standard-Oil-Harriman stock.
admission In well-posted quarters that a large block of
vately, but It Is stoutly denied that It was
ard Oil stock.
It Is understood that this
in any sense Harriman or Stand¬
stock was taken up by members
the basis of the report
rival interests.—V. 84 ,
572, 509.
Virginian Railway.—Description of Road.—See long article
concerning the constituent properties “The Tidewater and
the Deepwater Railways,” with maps, illustrations, <kc., in
the “Railroad Gazette” of Newr YTork for March 15 1907.
Construction is being vigorously pushed, the entire line
of the Tidewater Ry. Co. and part, if not all, of the Deepwater being under contract.
The “Railway Age” of Chi¬
cago of March 15 says:
H. Fernstron, Chief Engineer of the Tidewater Ry., writes that the
grading Is 56% completed, the bridging 33% completed, and the tunneling
33% completed, from Sewalls Point, Va., to the Virginia State line, a dis¬
tance of 332 miles.
Track was laid from Sewalls Point wTest 100 miles
last year and the grading is completed to mile post 123. The MacArthur
Brothers contract includes a portion of the Deepwater Ry., which is being
extended from the present terminus at Micajah, W. Va., to a connection
with the Tidewater Ry. at the Virginia State line, a distance of 41 miles.
The Tidewater has awarded two contracts In connection with the dredging
and the substructural work for the lirst of its big coal piersat Sewalls Point;
the contract for the superstructural work has not as yet been awarded.
The total cost of three contracts is estimated at $2,000,000.—V. 84, p. 627.
WesterhMaryland RR.—Change in Off icers.—At a meeting
Winslow S. Pierce -'
resigned, and B. 8.
Bush, who was President of the Western Mining <fc Coal Co.
of St Louis, which has had control of the mining property
of the Missouri Pacific Ry., was chosen President.
The
office of Vice-President was not filled.
A statement given
out after the meeting says:
of the directors on March 15 President
and Vice-President Fairfax S. Landstreet
Mr. Bush has been prominently connected with the railway andfcoal
interests of the Gould system in the West, and his election to the presidency
of the Western Maryland is in line with the previously announced plan of
extending the Gould system In the East and the announced intention of
the present management to retire.
Mr. Pierce and Mr. Landstreet retain
their interest in the board and their membership on the several boards and
committees.—V. 84, p. 160.
West India Electric Co., Kingston, Jamaica.—Status.—
President Hutchison, in a, statement to stockholders, says:
The total losses sustained by the comnany during the recent earthquake
will not now exceed $15,000, and already the earnings are running about
equal to what they were hi the same period of 1905.
There should be a
large Increase in the company’s electric lighting business, as the residents
of Kingston In erecting new
gas.—V. 84, p. 340.
houses are installing eiectric lighten
Wisconsin Minnesota & Pacific RR.—Listed in
The London Stock
first mortgage 4%
V. 83, p.
executors of
on
[VOL. LXXXIV.
THE CHRONICLE
694
place of
London.—
Exchange Inis listed §405,000 additional
50-year gold bonds of §1,000
each.—
631.
INDUSTRIAL, GAS AND
MISCELLANEOUS.
Reduced.—This company’s
property having been taken over by the Quaker Oats Co.,
a certificate has been filed reducing the capital stock from
§3,400,000 to §10,000.—V. 83, p. 971, 381.
American Coal Co.—Acquisition or Alliance.—See Cum¬
berland Basin Coal Co. below.—V. S4, p. 392.
American Graphophone Co.—New Director.—Henry A.
Bishop has been elected a director.—V. 84, p. 510, 157.
American Iron & Steel Manufacturing Co.,Lebanon, Pa.
—Report.—See “Annual Reports” on a preceding page.
American
Cereal
Co.—Stock
Litigation.—An amicable suit was re¬
cently brought to determine whether or not the preferred
shares are entitled to participate equally with the common
shares in the distribution of earnings in excess of 5%onboth
classes.
The company has accordingly declared quarterly
dividends of 2% each.on both classes of stock, payable fiveDividends Pending
eighths thereof on April 1 1907 to stockholders of record
March 23 1907; the payment of the remaining three-eighths
being temporarily suspended pending a decision in the afore¬
The preferred stock has received dividends at the
said suit.
rate of 5% per annum since organization; the common
has recently been on an 8% basis.1—V. 83, p. 268.
American Lead & Baryta Co.— Referee’s Report Favors
stock
Bondholder.—-“St. Louis Globe-Democrat” of March 16 says:
The report of James C. Jones, referee In the suit of Joseph G. Donnelly
against the company, Orlando E. Robinson and John Morton, recommends
a judgment against Morton and Robinson for $30,000, being the amount
of bonds purchased bv Donnelly from the defendants.
Donnelly is given
a joint lirst mortgage lien with the Missouri Trust Co. on the assets of the
concern.
The lien of the Missouri Trust Co. is for $630,000.
The company wras Incorporated Nov. 18 1901 for $10,000,000 under the
laws of New Jersey to exploit lands in Washington County, Mo., supposed
to be rich in baryta.
When the company was Incorporated an option on
33,000 acres of land was held.
The referee llnds that the company owned
no land in Washington County at the time of the incorporation, but only
an
held
option on It: that the only money that was ever paid in was $10,000.
annually
&
paid by Morton; that the company. Instead of making $160,000
above operating expenses, was losing $60,000; that the National Milling
Mining Co., which was taken over by the company, was losing $75,000
annually and wras Anally sold for $7,000.—V. 81, p. 1102.
Telephone & Telegraph Co.—Permanent Certifi¬
Ready.—The temporary 3-year 5% notes are now being
exchanged for permanent certificates at the Old Colony Trust
Co. in Boston and at the Manhattan Trust Co. in New York.
Arizona Commercial Copper Co.—Stock Offered.—Stock¬
holders of record April 4 are offered the right to subscribe
at par (§25) to the extent of one-nintli of their holdings for
the §250,000 treasury stock.
Subscriptions must be paid
April 15. This will increase the amount outstanding to
§2,500,000, the entire authorized amount. The issue, it is
stated, has been underwritten by the Paine-Amster and other
interests in the directory.
The company was incorporated
in Maine in 1905 to succeed the Arizona Commercial Co.—
V. 73, p. 446.
Arixona Water Co.—Sold—Payment to First Mortgage
Bondholders.—Arthur B. Leach, William H. Burrows and
American
cates
695
THE CHRONICLE
Mae. 23 1907.
Description of Bonds.—Mortgage trustee, Farmers* Loan & Trust Co. of
Morgan G. Bulkeley, the bondholders’ committee appointed New York City. Bonds dated March 30 1907 and due July 1 1957, but
total Issue subject to call at 110 and Interest.
Denominations $1,000,
by agreement of Sept. 25 1905, report Jan. 29 1907:
$500 and $100.
Interest payable July and Jan. 1 at office of trustee.
All property of the company was acquired for benetlt of bondholders
The company “Is compelled to pay off by purchase in the market $50,000
at foreclosure sale.
The Arizona Canal has been sold to the United States
of bonds per annum for five years, beginning July 1 1908; $60,000 per
Government for $235,168, from which your committee has paid receiver’s
annum for five years, beginning July 1 1913; $80,000 per annum for live
certificates, past-due coupons maturing before foreclosure, cash advances,
years, beginning July 1 1918, and so on In five-year periods, so that at the
taxes, expenses of foreclosure and other Indebtedness, aggregating $114,expiration of fifty years all the bonds will have been paid off.”
925 37, leaving In hand for distribution to first mortgage bondholders
The company was incorporated Aug. 28 1906 under the
$120,242 63, from which a dividend of 45% of the par value of outstanding
.first mortgage bonds (being $256,000) has been declared, and will be paid
laws of New York to take over the following breweries
through the New York Trust Co. upon presentation of the certificates of
located in Greater New York, the options on which, or most
deposit.
A contract has been closed conveying to the United States Government
of them, were acquired early in 1906 in the name of the
the underlying canals (of which your committee holds a slight majority of
stock) at gross price of $78,993.
When titles are approved your committee Breweries Bond & Securities Co.:
will receive approximately one-half of this sum, less certain taxes, expenses
Central Brewing Co., 68th St. and East River, New York.
and other Indebtedness.
This will leave In our hands, in addition, 6,300
Consumers’ Brewing Co. of New York City, Limited, 55th St. and Avenue
acres of land, free and clear, under the Irrigation system; and the amount
A, New York.
which will ultimately be available to holders of first mortgage and Income
Excelsior Brewing Co., 254 Hart St., Brooklyn.
bonds ^depends upon the price at which these lands can be sold.—V. 82,
Consumers’ Brewing Co. of Brooklyn, W'oodslde, Long Island.
p. 807.
Ebling Brewing Co., 156th St. and St. Ann’s Ave., New York.
J. & M. Haffen Brewing Co., 644 E. 152d St., New York.
(D. E.) Baxter & Co., Incorporated.—New Stock.—At a
The prospectus, dated March 18 1907, says in substance:
meeting of the shareholders held at Hartford, Conn., March
Four of these six breweries are “consumers’ companies.” the shares of
5, the capital stock was increased to $5,000,000, of which which are widely distributed among the retail dealers throughout Greater
$1,000,000 is 0% cumulative preferred and $4,000,000 New York. The total number of shareholders in the constituent com¬
amounts to about 900, every one of whom will be interested in the
common.
The preferred is being subscribed for at par to panies
The capitalization of the company Is
securities of this new corporation.
the
most
per barrel of sales of any of the brewing consoli¬
provide additional working capital. A dividend of 0% on dations of conservative
recent
years.
The
about $7 20 per barrel, Is exceed¬
bond
issue,
the preferred has been declared, payable April 1 to stock¬
ingly small, especially considering the more than ample assets back of the
The company confines itself to mortgage. The constituent companies show a steady Increase in business
holders of record Feb. 28.
the construction and equipment of steam and electric rail¬ and the earnings for the year 1906 show 6% on the bonds, 6% on the pre¬
The
ferred stock and more than 5% on the common stock to be Issued.
President and executive officers will be selected from the foremost brewers
ways, for which it has,contracts in hand aggregating over
among
consolidation,
and
of
financial
the
.companies
entering
the
men
$12,000,000, all in the United States.
New York office, ability in New York and Cleveland will be on the new board of directors.
27 William St.
Henry Boehmke ami Carl .J. Hoster write (In substance): “The breweries
are admirably located; are all in first-class physical condition and have
Bell Telephone Co. of Canada.—New Stock.—Shareholders ample capacity, except the Consumers’ of Brooklyn (the smallest plant),
of record March 28 are offered the privilege of subscribing which needs a new brew-house and additional cellars. We estimate the
plant and equipment values conservatively at $4,230,950.
The proposed
till 1 p. m. April 17 at par ($100 per share) to the extent
capitalization we believe to be conservative and substantial savings should
from
the
amalgamation.”
result
of 25% of their respective holdings for $2,500,000 new capital
stock, subscriptions to be paid in installments of $25 per Digest of Report of Chartered Accountants for Three Years end. Dec. 31 1906.
The number of barrels of beer and ale sold by the constituent companies
share on May 1, July 2. Oct. 1 1907 and Jan. 2 1908.
and their net profits, after charging all expenses, bad debts, management,
Report.—The reports for the calendar years show:
salaries and depreciation, were:
Net Profits.
Barrels.
Aver. Profits.
Gross
Bond
Dividends Surplus Subscrl- Year—
Calendar
Net
793,851
1904
$735,542
per barrel, $0.92
year.
earnings.
interest. ;wid(8%). for year.
bers.
earnings.
870,346
921,328
per barrel, 1.05
$4,139,335 $1,135,838 $142,983
1906
$726,677 $266,178 95.145 1905
994,832
936,779
per barrel, 1.06
1905
102,580
650,216
3,517,595
1,004,899
252,103 78,195 1906
The charge for 1906 for management salaries was $65,000 and for depre¬
—V. 84, p. 451.
$187,356,
with
a
proportionate
prior
years.
ciation
charge for the
Richard Borden Manufacturing Co., Fall River, Mass.—
The assets Jan. 1 1907 were $7,930,902, viz.
Chattel mtges. (good)
Increase.—The shareholders will vote
May 1 upon a proposition to increase the capital 25%, from
$800,000 to $1,000,000, for the purpose, one account says, of
paying a stock dividend. A quarterly dividend of 5% has
been declared, payable March 80, contrasting with 2% last
December and 134% for each of the preceding quarters of
1906 (V. 88, p. 1828).
New Stock—Dividend
(The) J. G. Brill Co. of Philadelphia.—Amalgamation.—This
organized last July, has filed a, certificate of in¬
crease of capital stock from $50,000 to $10,000,000,for th
purpose of carrying out the amalgamation which has been
contemplated for some months past (compare V. 88, p. 882).
Technical papers give the following.
Par of shares $100.
company,
Issued under date of
which were noted In these
Official announcement Is made In a circular just
Feb. 6 1907 of the changes In the Brill Car Co.
pages last August.
J. G. Brill
and business to the J. G. Brill Company,
one-half is preferred and one-half common
assumed all of the obligations and contracts of
become owner of the entire capital stock, the entire
Co. has sold and transferred its property
capital $10,000,000, of which
stock. The new company has
J. G. Brill Co. and lias
$1,000,000 of capital
of capital stock
$600,000 capital
officers of the
Vice-President, John A. Brill;
Second Vice-President and General Manager, Samuel M. Curwen; Treasurer,
Edward Brill; Secretary, M. Herman Brill; Secretary to the President,
J. W. Rawle.- There will be no present offer of securities, but it Is under¬
stood that they will be listed on the Philadelphia Exchange later.—V. 83,
stock of the American Car Co. of St. Louis, the $600,000
of the G. C. Kuhlman Car Co. of Cleveland, and the entire
stock of the John Stephenson Co. of Elizabeth, N. J.
The
new company are:
President, James Rawle;
Plants & equip, .book vals_$3.914,679
Saloon &. outside real est_
*189,925
9,170
473,057
Sundry Invest’s,book vals_
Beer, ale. &c., on hand-.
Real estate mortgages
223,067
Unsecured notes (good)-Customers’ licenses & sun¬
dry accts. rec’le (good).
Cash
-
$1,746,712
569,848
434,463
369,981
$304,475; mortgages thereon, $114,550, net, $189,925.
of the plants and other real estate we believe to be con¬
servative.
The above assets will be transferred according to the contracts
free and clear of all liabilities except mortgages on plants amounting to
$1,457,500 and sundry notes, &c., amounting to $161,597.
♦Book value,
The book value
Chadwick-Boston Lead Co.—See
—V. 72, p.
United Lead Co., below.
677.
Cherry Valley Iron
Co.—See United Iron & Steel
below.—V. 83, p. 1592.
Co.
Chicago Edison Co.—Debentures Offered.—N. W. Halsey
Co., A. B. Leach & Co. and Illinois Trust & Savings Bank,
all of Chicago, Ill., and the National City Bank of New
York, are offering at 9734 and interest (at which rate the
investor receives 6% per annum), $2,500,000 5% 3-year
gold debentures dated March 1 1907 and due March 1 1910,
but subject to call as an entire issue, but not any part thereof,
on any interest day, at 101 and interest, on 90 days’ notice.
Interest payable March
Trust & Savings Bank,
trustee.
These bonds have the benefit of an important
382.
agreement with the Commonwealth Electric Co. as to the
Camp & Hinton Co., Lumberton, Miss.— Bonds Called.— payment of their principal and interest, as below stated.
The company has called for payment at 105 and interest
Abstract of Letters from Samuel Insull, President of Both Companies.
March 15 1907.
April 1 at the Inter-State Trust & Banking Co. of New
The proceeds of these debentures will be used In making extensions and
Orleans, trustee, the entire $400,000 bond issue under the
the property to provide for the co.’s rapidly growing business.
mortgage of 1903.
(Compare V. 80, p. 653). There have a<*tjulrlng
Chicago Edison Co.—Capitalization. |Commonwealth Elec. Co.—Capltaltz'n.
recently been sold $500,000 6% bonds, dated Dec. 1 1906. Capital stock authorized.$15,000,000 Capital stock authorized.$15,000,000
Stock
10,000,000
Total authorized issue, $5,000,000.
1 and Sept. 1 in Chicago.
Illinois
p.
on
V. 84, p. 53.
Canadian Salt Co., Windsor, Ont.—Earnings.—The “Fiuan
cial Post of Canada” (Montreal) says:
The annual statement shows for 1906 a net profit of $63,000 on the capital
of $500,000 (total authorized issue $800,000, par $100).
Dividends at
the rate of 8% absorbed $40,000.
The interest on a loan of $50,000 made
for new construction work was $2,922.
The balance, $20,000, was added
to rest (surplus), Increasing that account to $66,000.
The net profits for
See bond offering,
1905
was
$56,635.
President, William C. Van Horne.
Carnahan Tin Plate & Sheet
Co., Canton, 0.—Classifica¬
Do
outstanding Feb. 1 ’07
Issued
13,614,115
8,000,000
6,000,000
by Chicago Edison Co.,
Deb.6s, due 1913,now op.
1,483,000
principal and Interest.
500,000
5,000,000
Present debentures (auth)
In addition the Chicago Edison Co. has guaranteed the principal and
Interest on $227,000 and the Interest (but not the principal) on $33,000
of the bonds of the Chicago Sectional Electric Underground Co.
First M. 5s, due
tional 1911
Bonds outstanding
Debentures
guaranteed
1926, op¬
Income Accounts
Chicago
Edison.
for Year ending
Common- I
wealth.
I
March 31 1906.
Chicago
Edison.
Commonwealth.
$300,000 $338,888
365,669
1,250,025
old Issue and entire
$338,980
mon.—V. 78, p. 1551.
**For eleven months ending Feb. 28 1907 the Chicago Edison Co. showed
Car Trust Realization Co., Limited.—Listed in London.— an Increase In gross earnings of 8.7% and the Commonwealth Electric Co.
of 45% over the same period of the previous fiscal year
The London Stock Exchange has listed £705,060 5% income
The Chicago Edison Co. with Its associate company, the Commonwealth
Electric Co., practically controls the central station business of producing
bonds (registered), for £1,000, £100 and £10 each, and
and selling electric current In the city of Chicago, supplying a territory
£250,000 4% debenture stock.—V. 83, p. 627.
having a population of nearly two million.
The Commonwealth Electric
Central Consumers’ Brewing Co., New York City.—Con¬ Co. was organized In 1898 and took over various Independent electric
lighting plants In the outlying districts of the city of Chicago.
The property
solidation—Bonds Offered—Prospectus.—Otis & Hough of and franchises of the Commonwealth represent an Investment of over
$18,000,000.
The
the
Co.,
of
Chicago Edison
when the proceeds
Cleveland, New York and Columbus, and Post & Flagg of of these debentures property
have been exi>ended, will have cost over $28,000,000.
New York, as their agents, are offering at par $2,900,000 Growth
of Business—Equivalent 16 Candle Powe Lamps Connected March 31.
“first and general mortgage” 6% gold bonds, with a bonus
1902.
1906.
1905.
1904.
1903.
of 25% of preferred stock and 25% of common stock.
Chicago Edison Co
1,660,108 1,475,699 1,307,631 1,138,866 901,848
The Commonwealth
604,194 447,507 341,355
Elec. Co. 973,752
727,975
company is to be capitalized as follows:
The Chicago Edison Co. Is practically protected from serious competition
Capitalization—
Authorized.
Issued.
the fact that Its conduits lawfully occupy the chief business streets of
Preferred stock, 6% non-cumulatlve (par $100) $6,000,000
$5,250,000 by
Chicago and by the consequent expense that would be Involved In dupli¬
Common stock (par $100)
6,000,000
5,250,000 cating!
ts plant.
A trust agreement provides that while these debentures
First and gen. mtge. sinking fd. 6% gold bonds 7,500,000
6,750,000 are outstanding
no bonds or other obligations may be Issued under any
Of these bonds $1,457,500 are reserved to retire underlying liens, but “it
mortgage hereafter placed on the present property and franchises of the
Is expected a large portion of the underlying bonds will be exchanged for
Chicago Edison Co.
bonds of the present issue at time of closing.”
is announced, has classified
preferred and $400,000 com¬
tion of Stock.—The company, it
its capital stock into $100,000
_.
Gross lncome.$4,744,823 $2,507,772 Int. on 1st
Net income... 1,550,025
704,558 Balance
Interest on Chicago Edison debentures, both
new Issue
|
M_
[VOL.
THE CHRONICLE.
696
These debentures are further secured by an agreement between the Com¬
monwealth Electric Co. and the trustee, deposited with said trustee, where¬
by the Commonwealth Co. agrees that on or before the maturity of the
debentures It will consolidate with the Edison Co. or will purchase Its
properties in such way as to become bound to pay said debentures, or In
the alternative will, upon default In payment, assume and pay the principal
and Interest of the debentures according to their terms.
The agreement of
the Commonwealth Co. also provides against the Issuance, while these
debentures are outstanding, of any bonds or other obligations under any
mortgage hereafter placed on the present property and franchises of the
Commonwealth Co.—V. 84,
p.
627.
Chicago Pneumatic Tool Co.—Acquisitions.—The
com¬
When the additions
The number of directors also has been reduced from fourteen
to ten
by the retirement of Ernest Mueller, Carl F. Schroeder,
Herman Schmidt and L. Schlather.
Earnings.—The Cleveland “Finance”
The financial statement submitted showed
says:
earnings for the last fiscal year
amounting to $804,832: $363,420 paid for Interest on bonds; $60,000 paid
to the sinking fund for retirement of bonds;
$155,122 (6H%) paid In
dividends upon the 6% preferred stock, one month extra being added to
bring the time of payment on both common and preferred stocks to the
same date; $95,460 paid In dividends (4%) on common stock, and $130,830
carried to surplus account.
Undivided profits to date, $882,932; the com¬
has working capital of $1,000,000; Charged off for depreciation,
$134,156; sinking fund amounts to $534,971.—V. 82, p. 572.
pany
Colorado
Telephone Co.—New Stock.—Stockholders of
record April 1 are offered the right to subscribe on or before
that date pro rata at par ($50 per share) for $1,500,000 addi¬
tional stock, subscriptions to be paid in full April 15 or 50%
April 1 and the balance July 1. Stock paid for in full April
15 receives the July 15 dividend.—V. 84, p. 573.
Columbia Gas & Electric Co., Cincinnati, Cleveland, &c.—
Official Statement.—President Archibald S. White recently
gave out the following:
The company has acquired about 250.000 acres of gas-producing territory
In West Virginia.
It has six times as much gas as Cleveland can consume.
Experts say that this gas will last for 30 years.
It is going to construct a
pipe line from West Virginia to Cincinnati, where the natural gas will be
sold at 30 cents a thousand, In place of the artificial gas.
It has also been Invited to pipe Its gas to Louisville, where It can get 40
cents a thousand for It, ana to Indianapolis, where the price has been
established at 60 cents.
Artificial gas in Washington sells for $1 25 a
thousand, and Is only about 200 miles from Its West Virginia gas fields.
In Baltimore gas sells for SI 25 a thousand and the city Is only 40 miles
from Washington.
In order to avoid the necessity of Installing a new sys¬
tem of piping it proposes to acquire a majority of the stock of the People’s
Gas Light Co. and the Cleveland Gas Light & Coke Co., whose mains now
reach more than 50,000 houses in Cleveland, or about half of Its Inhabitants,
who are now without natural gas.
These companies have made application
to the Council for permission to distribute natural gas at a price which
shall not exceed 30 cents a thousand cubic feet.—V. 84, p. 452.
Commonwealth Electric Co., Chicago.—New Stock.—This
ally of the Chicago Edison Co. has filed a certificate of in¬
crease <f capital stock from $10,000,000 to $15,000,000.—
Debentures Offered.—See Chicago Edison Co. above.—
V. 84, p. 627.
Consolidation Coal Co. of Maryland.—Report.—The results
for the year ending Dec. 31 were:
Year.
Gross.
Net.
Other
Income.
Charges,
&c.
Dividends.
Balance,
Surplus
1906_..$4,310,608 $1,522,580 $497,232 $591,108 (8%)$820,000 $608,704
4,165,437
402,289
1,336,359
312,047
631,117 (6%)615,000
4,130.589
1,231,605
331,703
632,973 (4%)410,000 502,336
—V. 84, p. 161.
Arrears of
last week,
the regular
quarterly dividend of 1% on the preferred shares, an extra
dividend of 3%, both payable April 10 to holders of record
March 29, thus discharging all the arrears of dividends con¬
currently with the end of the first full year of the company’s
existence.
The preferred stock is $28,238,000 7% cumu¬
The preliminary statement for the year, it is said,
lative.
shows a small surplus after the payment of 7% on the pre¬
ferred stock, interest, depreciation, dtc., and expenditures
of about $1,250,000 for new construction.
The “New York
Corn Products Refining Co.—Payment of all
Dividends on Preferred. Stock.—As foreshadowed
the directors declared on March 19, along with
Times” says:
The dividends for the past year were paid out of the earnings of the Corn
Products Refining Co.
The earnings of the Corn Products Manufacturing
Co. (formerly known as the Glucose Sugar Refining Co., V. 83, p. 1414)
are to be devoted toward the building of Its new plant, which will cost,
when completed. In the neighborhood of $5,000,000 (V. 83, p. 689, 1101).
President Bedford says:
“We shall pursue the same conservative policy
as In the preceding year.
In other words, the usual rate of 1% quarterly
will be declared and back dividends satisfied at the close of the year If there
Is sufficient surplus to meet such payments.—V. 84, p. 628.
Crescent Coal Co.—Bonds Called.—All of the outstanding
bonds secured by mortgage dated May 1 1901 have been
called for payment on May 1 at the office of the Union Trust
Co. of Pittsburgh, trustee, on May 1 1907.
all completed the capacity of the plant will be
a day and will enable the company to build
increased to two locomotives
the heavy type of locomotives which are In use upon
—V. 82, p. 1442.
standard-gauge roads.
Dering Coal Co.—Purchase.—The Kelley Coal Co. of Dan¬
ville, Ill., has been sold to R. R. Hammond, J. Iv. Dering
and the two Shirkies, all identified with the Dering Coal Co.
While no official information is at hand, it is thought that the
purchase, which probably includes the acquisition of the
$3,000,000 outstanding bonds, may be a private transaction
of the men named, at least for the present.
A press despatch
19045._ 1906.$4,58
recently purchased the Franklin (Pa.) Machine & Tool
Co., formerly the Grant Tool Co., for a sum said to be
$200,000, in stock of the Pneumatic Company. The plant,
it is reported, will be used to increase the facilities of the
Air Compressor Works.—V. 84, p. 389, 341.
Cleveland-Sandusky Brewing Co.—Xew President, &c.—
Simon Fishel has been elected President and General Manager.
pany
are
LXXXIV
from Danville says:
It Is stated the consideration was $4,000,000.
The property was owned
equally by John R. Walsh of Chicago and the Illinois Traction System
Interests, and consists of five shafts with an average output of 2,000,000
tons
annually and many thousands of acres of land.—V. 83, p. 753.
Diamond Rubber Co., Akron, O.—Purchase.—This com¬
pany,
which recently purchased the Bryant Steel Wheel &
Rim Co. of Columbus,
O., will, on April 15, increase its
outstanding capital stock from $3,500,000 (all common,
par $100) to $5,000,000, for the purpose of “ increasing the
plant,” presumably in part, at least, through the aforesaid
purchase. There is no mortgage on the property and no
bonds will be issued.—V. 81, p. 1852.
Distillers Securities Corp9ration.—Dividend of Subsidiary
Increased.—This company’s subsidiary, the Distilling Com¬
quarterly dividend of 1^%
April 15, contrasting, it is
said, with 1 l/i% Jan. 15 1907 and Oct. 15 1906 and 1%
previously.—V. 84, p. 341.
Dominion Iron & Steel Co.—Right to Guarantee Securities
of Coal Company.—A bill has been introduced in the Nova
Scotia Legislature to authorize the company to guarantee
the payment of principal or interest of bonds or other se¬
curities the majority of wThose capital stock is held or con¬
trolled by the company or of any company holding shares,
stock, debentures, debenture stock, bonds or other obliga¬
tions of any company carrying on any trade or business
within the objects of the company.
The company has re¬
cently acquired coal areas in Cape Breton, and the object, it
is understood, is to empower the company to form a sub¬
sidiary company to operate the same. No name has been
mentioned for any company that may be organized under
the proposed legislation.—V. 83, p. 1473.
Edison Phonograph Co., Orange, N. J.—Decision.—See
New York Phonograph Co. below.—V. 79, p. 2798.
Edison
United
Co.—Bonds.—At
Phonograph
auc¬
tion sale on Feb. 27 $15,000 4% collateral trust gold bonds
pany of America, has declared a
on its preferred stock, payable
due Jan. 15 1908
offered with Jan. 1906 coupons on.
were
Compare V. 79, p. 2798.
Electric Storage Battery Co.—Report.—For calendar
Gross.
Year.
1906
1905.
..$1,331,800
1,467,487
1,344,536
1904
Net.
Other Inc.
$930,707
1,078,455
965,659
$128,666
135,532
117,249
year:
Dividends.
Bal.,surp.
(5%)$812,450
$246,923
(5%) 812,440
401,547
(5%) 812,435
270,473
New Director.—H. H. Vreeland of New York has been
elected a director, succeeding Thomas F. Ryan, resigned.—
V. 82, p. 801.
Fairmont
Coal
Co.—Report.—This
company,
controlled
by the Consolidation Coal Go', of Maryland, reports:
.
Balance,
Year.
Surplus.
$1,335,258 $448,524 $710,353 (4 K) $540,000 $533,429
3,518,674
669,709
320,996
618,389 (2%)240,000
132,316
874,654
563,053
(3%)360,000
3,754,152
332,333
283,934
—V. 84, p. 628, 162.
Cal.
Gross
Earnings.
Net
Earnings.
Other
Charges
Income, to Income.
Dividends
Prcv. Year.
(Wm. L.) Gilbert Clock Co., Winsted, Conn.—Increase.—
has applied to the Connecticut Legislature for
authority to increase its capital stock from $500,000 to
$2,000,000. The increase will be used for working capital,
and improvements which will enable it to add watches to its
list of products.
The officers are: James G. Woodruff,
President and Treasurer; Geo. B. Owen. Vice-President and
General Manager; Eugene S. Brown, Secretary.
Hecker-Jones-Jewell Milling Co.—Re-Incorporated.—See
Standard Milling Co., below.—V. 71, p. 344.
Hoster-Columbus Associated Breweries, Columbus, O.—
Report.—For the calendar year 1906:
This company
Net earnings, $559,227 (against $640,914 as reported for 1905); deduct
bond Interest, $312,000: sinking fund, $50,000; dividend on preferred stock,
$40,500; adjustments, $8,387; balance, surplus for year, $148,340.
There
charged off for depreciation, &c.. $138,838.
Bonds In sinking fund,
undivided profits, $424,253.
Expenditures for additions and
Improvements during the year amounted to $28,563.—V. 84, p. 393,
was
$100,000;
■
Crucible Steel Co. of America,
—The following earnings for the
year
ending Feb. 28 1906
were
Pittsburgh, Pa.—Earnings.
quarter and also for the half
made public
on
March 19:
Three mos.
Total net earnings, after deducting all expenditures
for repairs, Interest on bonds, mortgages, &c
$741,244
Less amount set aside as reserve for contingencies..
$14,922
Dividend on $24,436,500 7% cumulative preferred
stock
-..(IK) 366,548
Surplus for the quarter
$359,774
Six mos.
$1,283,589
$25,671
(3) 733,095
$524,823
The statement Is based on inventory values as of Aug. 31 1906 for
finished material.
Raw and process material Is valued at cost as of Feb.
1907.—V. 84, p. 573, 223.
all
28
Davenport (la.) Locomotive Works.—New Stock.—A tech¬
nical journal says:
The company has Increased Its capital stock to $1,100,000, about $500,000
of which will be spent In the next two years for extensive Improvements
and additions.
Five new buildings are In Immediate contemplation
Houston Oil Co.—Litigation.—Charles Dillingham, as
receiver of the Houston Oil Co., has filed an intervention in
the Federal Court of Texas, asking that the receivers of the
Kirby Lumber Co. be compelled to
of
pav
him at
once
the
sum
$2,374,424.
This amount, it Is alleged. Is the difference between payments made by
the receivers of the Lumber Company to the lntervenor as receiver of the
Oil Company, and the amount which should have been paid as provided for
under the timber contract.
It Is alleged, among other things in the bill, that the Kirby Lumber Co.
Is amply able to make the payments in accordance with the contract, as
evidenced by receiver’s statement filed with the Court, showing a
Its operations during 1906 of over $1,500,000.
profit In
The intervention is set down for hearing on March 22.
Interest on Timber Certificates.—See Kirby Lumber
below.—V. 83, p. 1173, 99.
International Harvester Co.—See
below.—V. 84, p. 162, 106.
Wisconsin
Co.,
Steel Co.
International Paper Co.—Resignation of Director.—Al¬
brecht Pagenstecher, one of the original directors of the
company, has resigned, owing, it is said, to a disagreement
Mar. 23
with the
p.
097
THE CHRONICLE.
1907.J
management regarding matters of
policy.—V. 83,
1039, 1036.
company is reticent concerning its plans for a steel car plant,
but a newspaper report asserts that such a plant .costing.
Chemical Co., Phila¬ $1,500,000, will be ready for use next fall.—Y. 84, p. 274.
Quaker Oats Co.—Reduction of Stock by Subsidiary.—Sec
delphia.—Dividends.—The company has declared a semi¬
annual dividend of 4% on the $600,000 preferred stock, American Cereal Co. above.—V. 84, p. 576.
payable May 15, as registered April 30, and a quarterly divi¬
Rhode Island Perkins Horse Shoe Co., Providence.—
dend of M of 1% on the $9,000,000 common stock, payable
Extra Dividend Continued.—The directors have declared a
April 1,- as registered March 20. Touching the dividends on
the common shares, the “Philadelphia Financial Bulletin” quarterly dividend of 1 % % and an extra dividend of 3^ °1
1% on the $1,750,000 preferred stock (7% cumulative),
of Nov. 29 1906 said:
payable
April 15 to holders of record April 1, being the same
The company has fulfilled Its Implied contract by gradually Increasing
Its dividend from 3% In 1904 to 3.85% for this year as follows: April 1906,
amounts as paid last January.
The preferred stock is now
none; July 1906, 0.75%; October 1906,1.60%; January 1907,1.50%; total,
on a regular 7% basis with extras as above; during 1906 it
3.85%. It Is understood the dividend will continue to be Increased until
it reaches 4 ^ % annually, this rate being necessary to pay the maximum
received 5% regular and 2% extra in April and 3^>% extra
dividend of 8% on DuPont International preferred, after which even more
in October—total 734%Compare V. 83, p. 1595.
substantial returns are expected.—V. 83, p. 1350,439.
Rubber Goods Manufacturing Co.—Suspension of Divi¬
Kirby Lumber Co.—Payment of Overdue Coupons.—Cou¬
dends on Common Stock.—The directors have decided to
pons due Feb. 1 1907 on the Maryland Trust Cu. timber
certificates of beneficial interest in Kirby Lumber Co. con¬ discontinue the payment of dividends on the common stock,
tract with Houston Oil Co. of Texas will be paid on April 1,
pending consummation of the merger with the United States
together with interest on said coupons at the rate of 6% Rubber Co. in order that there may be no doubt about
there being sufficient funds available in the liquidation to
per annum from Feb. 1.
Report.—For calendar years 1906 and 1905:
satisfy the claims of the preferred stockholders.
International Smokeless Powder &
Gross.
Net.
Year.
Dividends.
To Reserve. Bal.,Sur.
1906.324,526,098 312,970,937 (7 M %) 310,195,233 $1,773,737 31.001,967
1905. 21,712,831
13,034,038
(7 H %) 9,866,355 1,743,295 1,424,388
In his application to the Court for permission to pay these past-due cou-
out of funds
funds
In
Sons sufficient
ave
hand, the receiver estimates
principal
thatofbytimber
July certificates
20 he will
with which to pay the
which matured Feb. 1 1907,
amounting to 3400,000.
Litiqation—Alleged Profits.—See Houston Oil Co.
above.—
V. 84, p. 53.
Lake Superior Corporation.—See
Power Co. below.—V. 83, p. 1527.
Lawyers* Mortgage Co., New
Michigan Lake Superior
York.—Dividend Increased.
—The directors on Wednesday declared a quarterly
of 2^%, placing the stock on a 10% basis, an
2% in the annual rate.
dividend
advance of
The following also is confirmed:
All the stock of the company held by the Mutual Life and the Equitable
Life, formerly amounting to 7,000 shares, It was learned this week, has been
the Lawyers’ Mortgage Co., stockholders In the
Lawyers’ Title Insurance Co. and In the Mortgage Bond Co.,two institu¬
tions closely allied with the Lawyers’ Mortgage Co.—V. 84, p. 163.
sold to stockholders of
Macon (Ga.) Gas, Light
dividend of 2^% has been
stock; 3% was also paid
March 7 1906.
Marion
(O.) Manufacturing Co.—Receivership.—James
Bastable, recently appointed receiver, on March 5 filed the
required bond. Compare V. 84, p. 224.
Mexican Electric Light Co.—See report of Mexican Light
& Power Co. under “Annual Reports” on a preceding page.
—V. 83, p. 1415.
Michigan Lake Superior Power Co.—Reorganization—
Reasons for Delay.—The Philadelphia “Financial Bulletin”
.
(1) The fail¬
certificates, owing to the tightness
contributed to delay the reorganization:
ure to dispose of the 5500,008 receivers’
of the money markets.
(2)
the power plant, which the receivers
the work Is worth.
(3)
The litigation
Cleveland over certain water rights.
In
The excessive bids received for rehabilitating
estimate are more than 50% of what
with the Chandler-Dunbar Co. of
this litigation an adverse decision
was recently handed down against the Michigan Company In the United
States courts, but the case will be carried to the United States Supreme
Court, and the receivers are confident of a reversal of the lower court’s
decision.
The litigation Involves considerable of the Michigan company’s
water rights, but It will probably take some time to decide and Is not ma¬
terially affecting the reorganization.—V. 84, p: 106; V. 83, p. 1102.
National Dump Oar Co., Chicago.—New Stock.—The
company,
it is stated, has
increased its capital stock from
$3,000,000 to $4,000,000.
National Phonograph Co.—Decision.—See
New York
Phonograph Co. below.—V. 82, p. 632.
National Fire-Proofing Co.—Earnings for Calendar Year.—
Net
Replace.
Balance
Tot.Sur. Adjusts.,
Cal.
Preferred
Tot. Sur.
Yr. Earns.
Dividend.
for Year.
etc.
Dec. 31.
Res’ve.
Jan. 1.
06-3943.180 <3%)$237,015 $100,000 sur$606.16531,487.473 $1,065,025 $1,028,612
'05- 472,053 (5K) 417.540 100,000 def
45,487 1,691,065
158,105 1,487,473
The "Adjustments, &c.,” In 1906 above Include: "Depreciation to Jan. 1 1906,
$816,672; dlscounton bond Issue. $200,000; other. $48,353.—V. 83, p. 1594.
New York Phonograph Co.—Suits Against Dealers.—Jus¬
tice Keogh in the Supreme Court at New Rochelle on March 16,
in a test case against a dealer in Edison phonograph records
and other supplies, hold that the plaintiff is entitled to
recover from the latter all profits accruing from the sale of
the articles named during the year 1896 to the present time.
There are said to be 940 dealers and jobbers in New York
State against whom actions have been brought.
The suits
are the result of the decisions in the United States Courts
holding that the company had the exclusive license to sell
phonographs, records and supplies in New York State during
the time named.
Compare V. 82, p. 632; V. 80, p. 1858, 166.
Pennsylvania Sugar Refining Co.—Foreclosure.—At the
request of Receiver Earle, the Real Estate Trust Co. has in¬
stituted proceedings to foreclose the $3,000,000 mortgage
dated July 1 1901.—V. 84, p. 629, 106.
Pittsburgh Plate Glass Co.—Dividend Increased.—The
directors on Thursday declared a quarterly dividend of 1%%
on the common stock, payable April 1.
This increases the
annual rate to 7%, as against 6% from 1900 to January 1907,
both inclusive, and 4% in 1889.
Compare V. 84, p. 342.
Company.—All-Steel Pullman Car.—An all-steel
has this week been on exhibition on the Penn¬
sylvania road between Philadelphia and Jersey City. The
Pullman
Pullman
car
consolidated first mortgage bonds.
Report.—Copies of the report for the calendar year 1906
withheld, but according to the Canadian papers it shows:
are
Gross earnings, $357,147; other revenue, $5,249; total revenue, $362,396;
operating expenses, $26,745; general expenses, 516.409; all charges,
$243,242; net profit, $76,000, which has been disposed of by carrying
sufficient to contingent fund to make that fund $100,000, leaving a balance
to profit and loss of $5,363.
Earnings have Increased steadily. The annual
rate of Income Jan. 1905 was $235,994; In Jan. 1906 It was $322,000; for
Jan. 1907 It was at the rate of $500,000.
Capital stock outstanding Is
$6,500,000;
treasury stock $500,000.
Bonds (5%) outstanding are
$4,500,000 of an authorized issue of $5,000,000.
Bills and accounts pay¬
able aggregated $1,144,982 on Dec. 31 but this Included interest due on
Jan. 1, and has since been reduced to $656,857.
It will later be reduced to
$166,430.
The capacity of the plant is 35,000 electrical and 45,000 water-
Montreal, will build next spring at
large consumer of power.—V. 83, p.
Textile Co. of
October 1910.—V. 68, p. 380.
Several causes have
Shawinigan Water & Power Co.—Listed in London.—The
Exchange has listed a further issue of $200,000
London Stock
Newand
contracts
have beenaremade
to the extentNorthern
of 5,000Aluminum
electrical
orse-power
further contracts
In negotiation.
& Water Co.—Dividends.—A Eower.
Co. operating by water from the Shawinigan Co., Is largely extending Its
declared on the first preferred works, and The North American Cotton Co., connected with the Dominion
Capitalization at last accounts, 3230,830 first preferred, 3179,100 second
preferred and 3300,000 common stock; par, 5100.
Bonds: 575,000 first
68, Interest M. & N., and 5413,000 consol. 30-year 5s, Interest M. & N., due
of March 19 said:
Dividends on the common shares were resumed last October, after an
interval of six years, by the payment of a semi-annual dividend of 1% on
Oct. 15.
The United States Rubber Co. owns practically all of the out¬
standing common stock and over 90% of the preferred.—V. 84, p. 342.
at once a
the Falls, and will become
1175.
Co.—Report.—This company, controlled by
the Consolidation Coal Co. of Maryland, reports:
Balance.
Cal.
Gross
Net
Other
Charges
Year.
Earnings. Earnings. Income, to Income. Surplus.
1906
$1,957,371 $398,231
$26,840 $264,834 $160,237
1905
1,606,271
247,175
21,445
240.289
28,331
24,739
1904
975,298
202,243
29,361
206,865
Somerset Coal
—V. 83, p.
1040.
Co.—Subsidiary
Re-Incorporated.--This
$1,100,000 corporate stock of
the city of New York.
Standard Milling
company’s subsidiary, the Heeker-Jones-Jewell Milling Co.,
heretofore a New Jersey Corporation with $5,000,000 capital
stock, of which $2,000,000 was preferred, mostly owned by
the Standard Milling Co. (as shown in foot-note to balance
sheet in V. 83, p. 968)', was on March 8 re-incorporated under
the laws of New York with $1,000,000 share capital.—
V. 83, p. 968.
Staten Island (N. Y.) Water Supply Co .—Purchase by
City.—On March 15 1907 the Board of Estimate and Appor¬
tionment of the City of New York, agreeably with the report
made March 12 1907 by the special committee, consisting
of Comptroller Herman A. Metz and George Cromwell,
President of the Borough of Richmond, voted to authorize
the purchase by the Commissioner of Water Supply, Gas and
Electricity of the property, rights, franchises and business
of the company located within the city of New York.
The
board also authorized the Comptroller to issue for this pur¬
pose
The committee was advised under date
offer of $1,100,000 would be accepted.
of March 7 that an
United Iron & Steel Co., Philadelphia.—Plan
mated.—This company, incorporated under the laws
Consum¬
of Penn¬
sylvania on Nov. 27 1906, has increased its capital stock from
$5,000 to $2,000,000, all common (par of shares $100), and
on
Feb. 8 absorbed the plant and properties formerly
owned or operated by the Cherry Valley Iron Co. (V. 83,
p.
1592).
The company’s properties
cially reported as follows:
Two Blast Furnaces,
and directors are offi¬
Total Annual Capacity,
210,000 Tons.
stack, first blown In
car-wheel and gray
Fannie Furnace, West
Bessemer
(1) Cherry Valley Furnace, Leetonla, Ohio.—One
Nov. 1 1904, product, foundry, “Fort Pitt” special
forge pig Iron; annual capacity, 110,000 tons.
(2)
Middlesex, Pa.
One stack entirely re-built in 1903-04; product,
and foundry pig Iron; annual capacity, 100,000 tons.
Iron Ore Lands, Coal Lands and Coke Ovens.
Pittsburgh Iron Ore
Mesabl Range
La Rue and
annual capacity
732 acreslof
undeveloped coking coal lands In Fayette County, Pa., and 200 bee-hive
coke ovens at Leetonla. with an annual capacity of about 120,000 tons.
Directors (and officers): Edwin N. Ohl, (President); Wm. H. Scboen
(Vice-President and Secretary): A. W. Thompson, formerly President of
the Republic Iron & Steel Co. (Treasurer); William B. Rhodes, Joshua W.
Rhodes, Harry Rubens, L. E. Block, who Is Vice-President of the Inland
Steel Co. of Chicago. -Office, People’s Building .Pittsburgh Pa.
The company owns a controlling Interest In the
Co., which owns and operates the Brunt Iron ore mine In the
In Minnesota and leases and operates the Hobart, Nassau,
Croxton mines In the same range.
These mines have an
of from 800,000 to 1,000,000 tons.
The company also owns
"TTnltedlLead Go.—Called
the Chadwick-Boston
at 110 and interest at
Bonds.—Ten'gold 5s of 1901 of
Lead Co. (V. 72, p. 677) are
the State Street Trust Co.,
payable
Boston,
April 1. At last accounts $271,000 of the bonds
April 1921)-were outstanding.—V. 82, p. 701. ^
on
(due
United Metals Selling Co.—Commission.—The
Street Summary’’ of March 16 said:
“Wall
United States Realty & Improvement Co.—First Dividend.
—The directors on March 12 declared an initial quarterly
dividend of 13^% on the $16,162,800 capital stock,payable
April 1 to stockholders of record April 24.—V. 84, p. 630.
Universal Caster & Foundry Co., Newark, N. J.—Called
Bonds.—Fifteen first mortgage 6% bonds secured by mort¬
gage dated Dec. 14 1903 and due 1929 will be paid at par
and interest at the Fidelity Trust Co. of Newark, trustee,
on July
2.—V. 82, p. 1383.
Waltham Watch Co.—Sew Stock.—The shareholders on
March 20 duly authorized the directors to issue a part or tin.*
whole of the 81 .000.000 preferred stock now in the treasury,
to be offered to stockholders at par in proportion to their
holdings.
Compare V. 84, p. 630.
Shareholders of record March 25 are offered the right to
subscribe at par on or before April 25 for $500,000 of the new
preferred stock in the proportion of one share of new for each
22 shaft's of their respective holdings, whether common or
preferred. Receipts will be-issued bearing interest at 6%
from the date of subscription to June 3 1907.
The American
Trust Co. of Roston will buy or sell at $1.50 each the rights
attaching to shares of old stock.—V. 84, p. 630.
Wellman-Seaver-Morgan Co., Cleveland.—Sew President
—Willard xN. Sawyer has boon elected President to succeed
S. T. Wellman, who has retired.— V. 81, p. 1563, 1440.
Western Canada Cement & Coal Co., Limited.—Listed in
London.—The London Stock Exchange has listed £225,000
6% first mortgage debentures of £100 each (Nos. 1 to 2,250).
Wisconsin Steel Co.—All// of International Harvester Co.—
The “Iron Age” of March 7 said:
International Harvester Co.
part of its properties consisting of blast
Announcement Is made of the transfer by the
to the Wisconsin Steel Co. of that
furnaces, steel plants, rolling mills, ore mines and coal lands previously
operated by t lie steel department of the International Harvester Co.
The
facilities of the Wisconsin company will be largely increased by ttie new
14-ln. and 16-In. Morgan continuous mills now under construction at the
company’s South Chicago works, and at the same location there will be
erected this year a third blast furnace.
The management of the Wisconsin
Steel Co. will be the same as that of the steel department of the International
Harvester Co.
(A Wisconsin Steel Co. was incorpnrated in Wisconsin
in Aug. 1935 with $ 1,000,000 capital stock, .John A. McCormick being an
incorporator.)
—doubling Marr, the well-known banker and broker of
Tenn., will shortly occupy his handsome new
bank building, which has been constructed entirely for his
Nashville,
use.
It is of white limestone, with massive stone
columns.. The banking room proper is particularly striking:
it is wainscoted 10 feet high with Georgia white marble,
with a base of Irish green marble.
The ceiling is 25 feet
own
high and has two stained glass domes. The decorations are
in green and gold.
Solid mahogany is used throughout for
fixtures and furnishings.
Altogether it constitutes one of
the most attractive
South.
—Redmond & Co.
private banking establishments in the
are
offering
a
number of standard rail¬
way obligations to net 51,to more than 61
in the list art' New York Central, Michigan
Included
7%
Central, Lalo*
Shore, Louisville & Nashville, Atlantic Coast Lint*, Penn'sylvania HR., Missouri Pacific and Southern Railway 5%
gold notes; also Rock Island -1 1 •_>% notes and Portland
Railway Lighting A Power 5% secured notes.
—Tht‘ Guaranty Trust Co. of New York have issued a
circular presenting considerations to show that railroad
equipment bonds possess security equal- or superior to that
of first mortgage bonds, combined with a net return con¬
siderably higher than such bonds yield, thus affording a
.
most desirable class of railroad obligation for investment.
The circular will be mailed on request .
—Coffin &
Company, the New York bond house, 34 Pine
announce
that
Walter S. Place has been admitted
to full
membership in the firm. Mr. Place has been asso¬
ciated with the firm for the past seven years and will con¬
tinue in charge of the Boston office at 35 Congress Street.
The Philadelphia office is located at 421 Chesnut Street.
—Announcement of the death of George S. Stillman on
the 15th inst has boon made by the banking firm of Rosen,
Stillman Se Co. of this city, in which he was a partner.
Mr.
Stillman was twenty-eight years of age.
His death was
due ft) meningitis, which developed from typhoid fever.
—Henry Talmadge. founder of the banking firm of Henry
on the 19th inst.
He was
Vice-President of the Cossitt Land Company, a trustee of
the Central Trust Company, and a director of the Mechanics’
National Bank.
He was eighty-two years of age.
—Howard A. Haven, formerly of the Stock Exchange
firm of Haven & Stout, which later became Haven & Clement,
Talmadge & Co. of this city, dic'd
died oh the 16th inst.
Mr. Haven withdrew from the firm
some time ago, the business being continued under the name
of Clement & Smith.
—The
banking and brokerage house of Steiner Brothers,
Ala., lias opened a New York office at
Birmingham
No. 11 Wall Street, under the firm
name
of B. & S. Steiner.
They will deal largely in high-grade Southern securities.
LXXXIV.
3?;Ixjc ©mmtrernai ^iracs.
It Is stated in some quarters that the commission on sales is m%.
It is well understood, however, in well-informed circles that the company
is only receiving 1% on its sales, and this has been the rate for some con¬
siderable time.
Compare V. 84, p. 630.
Street,
[VOL.
THE CHRONICLE.
698
COMMERCIAL EPITOME.
Friday Sight, March 22 1907.
reaction in trade has set-in, it has been very moder¬
ate, business as a rule still being active, with prices well sus¬
tained and a feeling of confidence universal.
In not a few
lines trade and manufactures have increased, notwithstand¬
ing the recent occurrences in Wall Street
The iron and steel
trade has been so active that premiums are being paid for
prompt deliveries. The textile production is enormous.
LARD on the spot has declined, owing to the break in
-future prices at the West.
Trade has been at a standstill
and supplies are increasing.
The receipts of hogs for the
week have been considerably'larger than for the same week
last year and liberal receipts are expected to continue. City
8.80c. and Western 8.90@9c.
Refined lard has been dull
Refined Continent 9.50c./South America 10.50c.
and weak.
and Brazil in kegs 11.50c.
The market for lard futures at
tin1 West has declined, owing to the larger movement of
live hogs, heavy liquidation, selling on stop orders, the duliless of tin* spot trade and a lack of support.
Packers "have
been selling of late.
If any
.
DAILY
CLOSING
PRICES OF LARD
Sat.
May delivery
July delivery
9.00
9.07 *4
Mon.
9,05
9.15
FUTURES IN
CHICAGO.
Fri
Tues.
Wed.
Thurs.
8.72 1,2
9.00
8.82*4
8.92.pi
9.00
8.67 *4
8.77 1$.
8.72 *4
8.80
9.15
9.25
9.12 H
8.85
8.92 J4
PORIv on the spot has been easier, owing to the weakness
in lard and the future market at the West.
The spot de¬
mand has shown some increase of late.
Mess $17 75(a$ 18 50,
clear $17 75(a $19 50 and family $19 50(7/$20.
Cut meats
havi* been dull and irregular.
Pickled shoulders 10c.,
September delivery
pickled hams 12(5 12)Ac. and pickled bellies, 14@10 lbs.,
10*42(a RFFfc. Tallow has been steady with demand and
offerings light; City OrL^c. Stearines have been dull and
easier; oleo 9}4(a 10c. and lard 10J4@1OtAc. ■ Butter firm
with a fair demand.
Creamery extras 30^@31c. Cheese
moderately active and steady. State factory, fancy, 15c.
Eggs advanced on speculative buying.
Western firsts lSJ^c.
OIL.—Cottonseed has been dull and easier.
Prime
sum¬
yellow 47(a 17jAc. and prime winter yellow 51(1/152c.
Linseed has been firm with an increased demand, due to
mer
favorable weather of late.
City,
raw,
American seed, 42(a
43c.; boiled 43(c/ 44c.; Calcutta, raw, 70c.
Lard has been
easjer, owing to the'decline in the raw material. Some in¬
in tin* demand is reported.
Prime 77(a-79c., No. 1
58@60c. Olive has been quiet and steady; yellow
75.(a;80c.; green 70(a78c. Cocoanut has boon quiet but
firm, owing to the smallness of available supplies; .Cochin
10?4(*., Ceylon 10c. Peanut has been quiet and steady;
yellow 50(a»,60c. Cod has been strong, with an increased de¬
mand: domestic 38040c., Newfoundland 40042c.
COFFEE on the spot has been easier, owing to the dillness
of trades and a sagging market for futures.
Rio No. 7,
7(a)7p£c.; - Santos No. 4, 8J4C. West India growths have
been in moderate demand and firm; fair to good Cucuta
81 o@9!-jC.
The market for future contracts has been quiet,
with narrow fluctuations in prices.
On the whole the tone
has been easier, owing to large receipts at Rio and Santos,
scattered liquidation by dirod holders and selling against
crease
extra
„
firm offers from Brazil.
Wall Street interests have sold to
extent. Chief support has come from covering by shorts.
some
The
closing prices
were as
follows:
6.00c. I
March
July
6.05c. j Aupust
6.05c. I September
5.85c. j October
April
May
June.
5.80c.
5.80c.
5.80c.
5.80c.
I November
1 December —
| January
j February
—
5.80c*
5.80c5.85c5.90c-
quiet and steady. Centrifugal,
90-degrees test, 3U>e., muscovado, 89-degrees test, 3c., and
molasses, SO-degrces test, 23{c. Refined has been steady;
SUGAR.—Raw has been
moderate business has been done on withdrawals, but new
orders have been small.
Granulated 4.60c.
Teas have been
in moderate jobbing demand and firm.
Spices have been
firm and fairly active.
Hops have been quiet and stead}’.
PETROLEUM has been active and strong with barrels
and cases higher.
A large export business has been reported
of late.
Refined, barrels, 8.20c., bulk 4.75c. and cases
10.6 5c.
Naphtha has been fairly active and steady; 73076
a
degrees 13c. in 100-gallon drums. Gasoline has been active
and firm; 86 degrees 21c. in 100-gallon drums.
Spirits of
turpentine has been moderately active and firm at 78c.
Rosin has been in fair demand and firm; common to good
strained 84 45(a'84 50.
TOBACCO.—There has been no noteworthy developments
in the general situation.
The demand for domestic leaf has
been fairly active with prices firm.
Interest continues to
largely in the Amsterdam inscriptions. At the first
inscription Sumatras were of inferior quality; at the sec¬
centre
ond the quality was better and
at the first
inscription, when
the prices paid higher than
unusually high quotations
buyers have withdrawn on
Some American
high prices.
COPPER has been quiet and easier; lake 25IA@25'Vs'c.;
electrolytic 25%@25}4c- Lead has been quiet and easy at
6Vfc. Spelter has been in moderate demand and steady at
6.85(3}6.90c. Tin has been quiet and easier; Straits 41c.
Iron has been more active and firm; No. 1 Northern $23 20@
$25 20; No.. 2 Southern $22 75@S24.50
were
paid.
account of
699
THE CHRONICLE
Mar. 23 1907. J
Shipboard, Not Cleared for—
On
COTTON.
Friday Night, March 22 1907.
THE MOVEMENT OF THE CROP as indicated by our
telegrams from the South to-night is given below. For
the week ending this evening the total receipts have reached
159,389 bales, against 169,294 bales last week and 171,823
bales the previous week, making the total receipts since
the 1st of September 1906, 8,674,771 bales, against 6,545,708
bales for the same period of 1905-06, showing an increase
since Sept. 1 1906 of 2,129,063 bales.
Sat.
Receipts at—
i
Mon.
:
22
New Orleans..
Galveston
6,508
69,869
21,467
21,355
Savannah
Charleston
Ger¬
Other
many.
Foreign
16,622
46,978
13,329
...
.
Total 1907..
Total 1906..
Total 1905..
2,000
6,200
500
86,977
52,303
43,522
11,831
22,650
55,742
250
250
667
4,567
21,233
21,233
6,500
13,200
12,158
17,859
8,696
162,530
29,735
28,401 301,527
20,577 177,099
24,923 192,479
751,141
599,150
462,629
3,236
..
1,700
6,000
2,300
1.000
86,129
54,879
56,498
37,509
52,013j1 37,151
stock.
220.993
221,022
27,374
..
Total.
1,565 68,750
3,786 169,562
900
17,465
22,588
1 ,500
2,400
Mobile
Norfolk
New York
Other ports
Leaving
Coast¬
wise.
78,148
To'al.
Fri.
Thurs.
Wed.
rTues.
March
Great
at— Rritain. France
Speculation in cotton for future delivery has been some¬
more active at irregular prices, closing lower, however,
1
week.
for
the
Militating against ail advance have4 been
Corp. Christ!, dec
6.607
39,732
3,697
8,499
7 ,088!
7 ,8031
6,038
New Orleans
174
215
3,165
enormous receipts and bearish weekly sta¬
the
continued
445
837
799
695
Mobile
150
150
1
-j
Pensacola
tistics, to say nothing of the fact that although professional
Jacksonville, dec.
19,622
2,530
3,100
3 ,998
3,811
3 ,001
3,182!
Savannah..
trading has increased somewhat, the outside public for the
1 ,088
1 ,088
Brunswick
1 .44 2
most part has continued to hold aloof.
399
52
282
312
r>
392
Then, too, a further
Charleston
!
Georgetown
decline at tin* Stock Exchange has not been without its
218
342
779
3,274
364
881
690
Wilmington
8,873
920
934
1 ,99 1 j
1,576
1 ,342
2,110
Norfolk
effect and for a time the Liverpool market gave very plain
598
59 8
N’port News, &c
evidences of liquidation, attributed partly to Egyptian op¬
670
52
48
5701
New York..
839
984
3,632
733
221
387
468
Boston
erators.
Liquidation has also at times been very noticeable
i
2,487
2,487
Baltimore
487
194
107
1011
35
50
Philadelphia..
here, many who had been inclined to favor the long side
18,386 27,310 159,589
parting with their holdings because of the continued large
27,448 32,559 27,693
Totals this w’k
25,993
receipts, especially at the Southwest, where the predictions
of an early falling off in the movement have been so plainly
The following shows the week’s total receipts, the total
belied by the event as to cause a good deal of discouragement
since Sept. 1 1906, and the stocks to-night, compared with
among recent buyers.
But the ginners* report of March 20,
last vcar:
giving the quantity ginned up to March 10 at 13,290,677
Stock.
1905-06.
1906-07.
bales, against 10,725,002 bales for the same time last season
Receipts to
and 13,697,310 for a like period two years ago, though re¬
This .Since Scp\
March 22.
This ISlticr Sep
1906.
1907.
week. ; 1 19(16. ! week. \ 1 1905.
garded by not a few as a bearish exhibit, was powerless to
147,929
390,584
31 .22912.,229,610
,498,164
Galveston.
74,169
3
prevent a rally in price's, as the market had evidently be¬
|
111 ,696
7,606 i
123.764,
Port Arthur
come, in a speculative sense., somewhat oversold.
A further
28,172
[
31,936
CorpusChristi idee.
advance came on Thursday, when it was seen that Liverpool,
289.743
290,464
New Orleans
: 39,731' 2 .040.8581 29,458 1,319.742
26,444
22,426
234 ,785i
Mobile
1,5611 204,017
j 3,105
so far from regarding the Census Report as bearish, really
7,950
127,457
123,240
Pensacola.
concurred with not a few here who deemed it a bullish docu¬
1501 6,87 1! 12,404:1
4411
Jacksonville, &e.!
57,474
95,613
,227,633
,342,544!
19,622!1
Savannah
ment,
Moreover., the spot markets have continued firm,
j
7,242
3,7 1 6
160,51 1
Brunswick
j 1 ,088! 152,434 : 2,710;
the
dry
goods reports have been in the main very favorable,
20,312
935
12,408
Charleston
| 1.442; 141,738!
90
1,0951
and the financial situation was regarded by many in the
Georgetown
9 ,817
5,080
5681 285.341
309,548!
3,27 4
Wilmington
>
cotton trade as more promising.
Receipts continue large,
29,929
30,561
539,248
6,873
504,178
Norfolk.
!
8,873!
361
278'
18,341
it
34
but
is
believed
that
in
the
near
future
considerations as to
598
,043>
Newport News, &c!
167,726
470
169,030
3,746
670
!
15,033 j
New York
the
present
displaced
a
7
crop
will
be
as
market factor by
5331
12,483
,616
53,978
Boston
;
3,632;
61,5241
10,895
9,540
weather news and the prospects for the next yield.
1,07 6 j
54,271
Many of
!
50,956!
Baltimore
2,487
39 31
3,381
2,137
487
5,824
Philadelphia
j
the bulls here think the present yield is not over 13,000,000
to 13,250,000 bales, while their opponents in many cases
776,249
1,052,668
put it at 13,750,000 to 14,000,000 ball's, a wide diversity of
opinion
which may of itself in some degree account for the
Iii order that comparison may be made with other years,
narrowness of the speculation.
As regards the next yield,
we give below the totals at leading ports for six seasons:
the impression is very general that there will be an increase
in the acreage, (‘specially west of the Mississippi River.
1903.
1902.
1904.
1907.
Receipts at—
| 1906. | 1905.
Developments will be watched very carefully, however.
26 763
20,714
17,494
74,109
38,835! 48,915
Galveston, dec
To-day
large receipts, disappointing Liverpool advices and
22,904
30,186
27,269
54,759
New Orleans.!
39,732!
29,458!
186
1 ,451
2,313
liquidation caused a decline. Spot cotton has been dull and
3,344
Mobile ...I..!
3,105
1 ,501!
8,068
7,687
17,812
23,980!
Savannah
19,022|
12,404;
j
easy, closing at 11.10c. for middling, a decline within a
667
445
810
1 ,968
1,44 2
1,0251
Charleston, dec'
week of 15 points.
1 ,586
1,383
1,395
0,542!
3,2741
568)
Wilmlng’n.&ci
4.4 19
6,270
8,514
14,225
Norfolk
The rates on and off middling, as established Nov. 21 1900
8,873
0,873
j
216
929
592
38 8 j
278
59 8i
N’port N., &c:
11
,489
by the Revision Committee, at which grades other than
7,509
3,595
All others
8,514
j
13.579; 20,210;
j
middling mav be delivered on contract, are as follows:
77,178
64,442
97,046
174,331
159 .3891
Total tlilywkJ
104,581 j
Fair
c. 2.00 on Strict low mid-.c. 0.14 off Middling tinged.c. 0.12 off
11,787 i
Galveston
Port Arthur
18,602
12,227'
11,877
74.169
10.331
9,345
'
f
what
!
.
..
_
.
!
_
_
.
1
.
.
..
.
_.
•
'
!
:
"
"
-
-
-
-
1
Since
71! 6,545,708! 7,500.528! 6,645,484 6,915,225
|.
1
1
8,674
Sept. 1
6,812,370
The exports for the week ending this evening reach a
total of 122,772 bales, of which 58,,122 were to Great Britain,
1.050 to France and 63,600 to the rest of the Continent.
Below are-the exports for the week and since Sept. 1 1906:
22 1907.
Exported to—
TFccfc ending .1 Teh.
Exports
Conti¬
(treat
Britain. Fr'nce nent.
jrom —
11,883
12,958
Galveston
Port Arthur
Corp.Christi,&e
New Orleans
Mobile
Pensacola
Fernandina
Savannah
Brunswick
Charleston
Wilmington.
28,797
..
Total.
6,535
__
47,493
150
"150
¥.744
15,279
12,168
12,168
5
t a
3,123
6,865
234
1,452
4,505
2,519
Norfolk
Newport News
Philadelphia
!
..
3,742
4,271
New York
Boston
Baltimore
1,050
17
1,802
1,802
._
Portland, Me..■
San Francisco.:
Seattle
Portland,
Pembina
3,592
3,483
;•
Tacoma
j
!
C real
Britain.
1 1906 to Mch. 22 1907.
Exported to—
Conti-
774,046 234,846
64,033 28,059
52,105 20,432;
140,955
73.784
46,208
115,021
2,367
4,420
146,203
107,524
63,995
31,536
6,470
6,000
j
48,812
122,796
21,393'
21,393
297,484
6,264
5,039
328,790
123,571
619
148,852:
33,735
16,047;
2,700:
129,760
34,236
70,321
63,248!
26,763
6,470
70,321
63,248
26,763
59,682
6.0S3
i
'
3,592
3,483
400
400
2,959
2,959
9,029
9,029
Detroit
Total
'
Total 1905-06.
841,896 2 ,712,659
123,764
71,836
1.547
1,547
644,720 1 ,654,212
147,224
55,132
51,944! 130,991
100
100
612,210 799,373
3.897
Ore.;
'
Total.
176,463,
■
58,122 1,050 63,600122,7723.116,910779,7422,921,7416,818.193
71,350 6,761 23,336 101,4472,351,588599,8392.023.4914,974,918
I
;
|1
I
telegrams to-night also
give us the following.amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
In addition to above exports, our
New York.
1.75 on Fully low mid
Middling fair
1.50 on
Low
Strict low mid.ting 0.46 off
Low mid. tinged
0.90 off
Strict g’d ord. ting 1.25 off
0.32 olf
0.50 off
middling
0.70 off
Barely mid. fair-- 1.25 on Barely low mid
Strict good mid
1.00 on Strict good ord.._ 0.90 off
Fully
good
ord
1.07 off
Fully good mid.. 0.88 on
1.25 off
Good middling
0.76 on Good ordinary
Barely good mid.. 0.57 on Strict g’d mid. tgd. 0.30 on
Even
Strict middling
0.38 on Good mid. tinged.
Basis! Strict mid. tinged. 0.06 off
Middling
.
Fully mid. stained 0.42 off
Middling stained.. 0.50 off
Barely mid.stained 0.78 off
Strict low m. stain. 1.50 off
Fully 1. m. stained 1.75 off
_
On this basis the* official
the past week would be as
;
nent.
France.
24,841 1.4 72,384 398,379
51,928
IS ,690
<
From Sept.
Strict mid. fair
Good
Middling
Middling
GULF.
Good Ordinary
10.25
.
._
11.00
1 1.50
12.26
Low Middling.
Middling
Good Middling
follows:
Mon.
10.00
10.75
1 1.25
12.01
Good Ordinary
Low Middling
...
13.00
Middling Fair
9.25
10.75
10.79
11.25
Middling
Middling
Strict Low Mid. Tinged
Good Middling Tinged
NEW YORK
The
.
Tues.
Wed.
Thurs.
Fri.
9.85
10.60
11.10
11.86
12.60
9.85
10.60
11.10
11.86
12.60
10.70
11.20
11.96
12.70
9.75
10.50
1 1.00
11.76
12.50
9.75
10.50
10.20
10.95
1 1.45
12.21
12.95
10.00
10.75
1 1.25
12.01
12.75
10.00
10.75
11.25
12.01
12.75
10.10
10.85
11.35
12.11
12.85
10.10
10.85
1 1.35
12.11
12.85
9.20
10.70
10.74
11.20
9.00
10.50
10.54
11.00
9.00
10.50
10.54
11.00
9.10
10.60
10.64
11.10
9.10
10.60
10.64
11.10
STAINED.
Low
Low mid. stained. 2’00 oft
prices for a few of the grades for
Sat.
UPLANDS.
;
1 1.00
11.76
12.50
QUOTATIONS FOR 32 YEARS.
quotations for middling upland at New York on
past 32 years have been as follows:
Mar. 22 for each of the
1907.c
1906
1905
1904
1903
1902
1901
1900
.11.10
.11.55
8.15
.14.00
.10,15
9.00
8.44
9.88
.
.
.
.
1899.C
1898
1897
1896
1895
1894
1893
1892.
6.31
6.12
7.38
7.94
6.31
7.56
9.00
6.81
1891.c..
1890
1889
1888
1887
1886
1885
1884
.9.00
1883.c
.11.44 1882
...10.12 1881
.
...10.00
.-.10.12
9.25
...11,31
...11,12
...
1880
1879
1878
1877
1876
...10,12
...12.19
...10.81
...13.19
...10,12
...10.88
...11.50
...13,06
FUTURES.—The highest,
New York the past week have
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receipts for the week and since Sept. 1, the shipments
stocks to-night, and the same items for
corresponding period for the previous year—is set out
for the week and the
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movement—that is,
AT THE INTERIOR TOWNS the
the
been as follows:
CS
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lowest and closing prices at
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[VOL. LXXXIV.
THE' CHRONICLE.
700
©
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Jan.— Eel).—
Q
THE VISIBLE SUPPLY OF COTTON to-night, as
made
by cable and telegraph, is as follows. Foreign stocks,
as the afloat, are this week’s returns, and conse¬
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
lip
well
as
1907.
March 22.
1906.
9,000
76,000
Stock at London
Stock at Manchester
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
1904*,
575,000
12,000
63,000
1905.
843,000
12,000
1,123,000
10,000
66,000
50.000
1,301,000 1,199,000
11,000
11.000
349,000
434,000
905,000
9,000
349,000
1,000
225,000
4,000
8,000
70,000
5.000
138.000
3,000
63.000
3.000
650,000
8,000
372,000
4,000
213,000
3,000
40,000
21,000
5,000
672,000
638,000
666,000
273,000
3,000
17,000
145,000
13,000
72,000
1,871,000 1,543,000 1,316,000
228,000
107,000
90,000
192,000
382,000
302,981
35,000
43,000
32,000
Egypt, Brazil, &c., aflt. for E’pe.
54,000
199,000
230,000
181,000
Stock In Alexandria, Egypt
215,000
389,000
761,000
967,000
Stock In Bombay, India
724,000
576,042
776,249
655,108
Stock In U. S. ports
1,052,668
600,080
300,245
543,270
Stock In U. S. Interior towns
512,820
9,552
6,247
13,144
U. S. exports to-day
5,882
Total European stocks
2,197,000
India cotton afloat for Europe
163,000
American cotton afloat for Europe 478,926
6,793,644 4,271.435 3,283,839
Of the above, totals of American and other descriptions are as follows:
the interior stocks have de¬
the week 16,764 bales, and are to-night
30,450 bales less than at the same period last year. Tinreceipts at all the towns have been 48,704 bales more than
The above totals show that
creased
the
during
same
week last'year.
OVERLAND
MOVEMENT
bales.l ,098,000
Continental stock
American afloat for Europe
U. S. port Stocks
U. S. Interior stocks
U. S. exports to-day.
Total American
East Indian. Brazil, Ac.—
65,000
_.
827,000
54,000
622,000
478,926
302,981
1,052,668
776,249
512,820
5,882
London stock
Manchester stock
Continental stock.
India afloat for Europe
Egypt, Brazil, &c., afloat
Stock in Alexandria, Egypt
Stock In Bombay, India
543,270
13,144
4,040,296 3,306,644 3,055,435 2,242,839
118,000
Liverpool stock
487,000
49,000
629,000
192,000
576,042
300.245
9,552
772,000
41,000
599,000
382,000
655,108
600,080
6,247
995,000
9,000
11,000
69,000
163,000
54,000
215,000
724,000
128,000
10,000
12,000
50,000
107,000
32,000
181,000
967,000
-
71,000
12,000
9,000
39,000
90,000
35.000
199,000
761,000
.
88,000
12,000
14,000
Shipped—
Via
Via
Via
Via
Via
Via
Week.
•
St. Louis.
Cairo
Rock Island
Louisville
Cincinnati
-
..
-
..
.
.
other routes, <Scc
Total gross overland
Deduct shipments—
Overland to N. Y., Boston,
Between Interior towns
..
_
16,072
3,775
2,960
1,984
1,734
16,769
230,000
389,000
1,216,000 1,041,000
3,055,435 2,242,839
Total visible
supply
5,403,296 4,793.644 4,271,435 3,283,839
4.28d.
6.00d.
7.72d.
6.01 d.
Middling Upland, Liverpool
11.65c.
Middling Upland, New York
11.10c.
Egypt, Good Brown, Liverpool. .12 ll-16d. 9 13-16d.
8.75d.
Peruvian, Rough Good, Liverpool
9.65d.
Broach, Fine, Liverpool
5 9-16d. 5 ll-16d.
5Hd.
Tlnnevelly, Good, Liverpool
5 J^d.
8.15c.
7 5-16d.
lO.lOd.
4 5-16d.
4
?8 d.
14.75c.
9Hd.
10.25d.
7Hd.
7tfd.
Continental imports past week have been 226,000 bales.
The above figures for 1906 show a decrease from last week
of
50,002 bales, again of 609,652 bales over 1906, an ex¬
cess
bales
of
1,131,861 bales
over
1904.
over
1905 and a gain of 2,119.457
/ 1
Sept-. 1.
15,395
3,306
389 963
1,531
2,132
2,073
43,294 1,357,650
25,213
924,745
2.472
1 18.150
349
16,362
31,503
776
44,658
Inland, &c., from South
1,915
Total to be deducted.
12,137
233,561
7,276
2,946
ice
1,153
3,974
166,015
758,730
CM cC cr.
CM
1,124,089
31,157 1,124,089
Leaving total net overland.a
Week.
352,363
133,337
58,167
42,057
a
Since
Sept. 1.
641,634
189,206
63,161
66,628
171,619
38,HI 6
75,8 76
46,422
202,466
Including movement by rail to Canada.
overland movement
bales for the week
date the aggregate
The foregoing shows the week’s net
has been 31,157 bales, against 21,239
last year, and that for the season to
net overland
exhibits
increase from
an
a year ago
of 365,359
bales.
37,000
228,000
43,000
AND
1905-06-
1906-07
Since
March 22—
American—
Liverpool stock
Manchester stock
THE WEEK
FOR
SINCE SEPT. 1.—We 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 and since Sept. 1 in the last two years
are as follows:
1905-06
1906-07-
Sight and Spinners'
Takings.
Receipts at ports to March 22
Net overland to March 22
In
Southern
Week.
Week.
Sept. 1.
consumptions March 22. 48,000 1,370,000
104,581 6,545,708
21,239
758,730
46,000 1.341.000
.238,546 11,168,860
ul6,764
416,544
171,820 8.645,438
a35,038
408,093
31,157 1,124,089
Came Into sight during week
Total in sight March 22
a
Sept. 1.
159,389 8,674,771
Total marketed
I..
Interior stocks In excess
North,
Si ncc
Since
221,782
11,585,404
136,782
spinners’takings to Mch. 22. 45,107 2,130,104
-r
9.053,831
30,119 1,849,210
Decrease during week.
Movement into
1903—March
24.
26
27
1902—March
28
1905—March
1904—March
sight in previous years:
Bales.
Week.
Since Sept.11—
248,327 1904-05—March 24
100,650 1903-04—March 26
132,636
113,842
1902-03—March 27
1901-02—March 28..
Bales.
.10,162,774
9,012,591
9.301.207
9,206,572
Mae. 28
701
THE CHRONICLE.
1907.)
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
an inch.
The thermometer has ranged from 45 to 90,
averaging 67.
,
Selma, Alabama.—Planting has commenced, and farmers
each
are
QUOTATIONS FOR MIDDLING COTTON AT OTHER
day of the week:
of
well advanced with their work.
during the week.
Galveston
New Orleans
Mobile
Savannah
Charleston
_
.
_
Sat'day.
_
Wilmington
Norfolk
Boston
Baltimore
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock
.
.
_
_
Tuesday. Wed'day. Thursd’y.
Monday.
11 X
10 15-16
10 X
10 c.
10 Vj
11 1-16
10 13-16
10 15-16
10 11-16
10H
105s
ioh
10«*
10H
11 X
16 x
11.25
11 H
11.50
11 H
10 %
11.25
11 H
11.45
11 X
10 %
11 ft
11.20
ll
10
10
11
1 1
K
11.25
11 X
10 H
10 Ik
10 13-16
10 53
u
yi
10
Columbus, Ga
10
JMontgomery
11.00
11 H
11.25
11.00
11 53
11.35
11.10
ll X
10 5-8
10 %
10 13-16
10 5 s
ll
X
WH
10 53
1153
10 X
53
X
1153
11.35
10 >3
10 13-16
10 53
10 13-16
10*3
other important
10 H I Raleigh
i Shreveport
I Nashville
11
10 13-16
13-16
1053
10 53
10 53
1053
11 >3
The closing quotations to-day (Friday) at
Southern markets were as follows:
Atlanta
11
10
10
10
10
Friday.
X
53
53
1053
11 X
10
11
nw
10 15-16
10 H
10 H
10 15-16
10 11-16
10 53
10 53
10 X
...11
10 3-10
NEW ORLEANS OPTION MARKET.—The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
Sat’day,
Mch.
Monday.
16. Mch.
March-—
Tuesday, Wed’day. Thursd’y,
18. Mch.
19. Mch.
!
1
1
Closing
Friday,
20. Mch. 21. Mch. 22.
10.32-.33 10.17-. 29' 10.08-. 15:10.08-. 12
10.32-.33 10.21 — 10.08.09 10.09-.10
!
10.36-.43jl0.28-.36 10.15-.26 10.10-.24
10.40-.41 10.31-.32 10.18-.19 10.19-.20
Range
Closing
May—
Range
10.22-.27 10.19-.35
10.31-.32 10.19-.20
10.24-.40 10.26-.42
10.39-.40 10.26-.27
Madisoii, Florida.—Dry all the week. The thermometer
averaged 60, the highest being S8 and the lowest 46.
Augusta, Georgia.—Planting starts next week. Warmer
weather now prevailing over the State induces rushing of
has
work.
The week’s rainfall has been thirteen hundredths of
inch on one day.
The thermometer has averaged 65,
an
ranging from 42 to 91.
Savannah, Georgia.—There has been rain on one day
during the week to the extent of thirteen hundredths of an
inch.
The thermometer has ranged from 47 to 90, aver¬
aging 66.
Charleston, South Carolina.—The week’s rainfall has been
forty-six hundredths of an inch on one day. Average ther¬
mometer 64, highest 90 and lowest 46.
Greenwood, South Carolina.—Rain has fallen on two days
of the week, the precipitation being one inch and fifty-one
hundredths.
The thermometer has averaged 61, the highest
being 72 and the lowest 50.
Stateburg, South Carolina.—There has been a thunderstorm
on one night of the week, with heavy rain and a barely ap¬
preciable precipitation on one other night. The thermom¬
eter has averaged 66, ranging from 41 to 90.
Charlotte, North Carolina.—There has been rain on one day
during the week to the extent of one hundredth of an inch.
The thermometer has ranged from 39 to 82, averaging 60.
The following statement we have also received by tele¬
graph, showing the height of rivers at the ports named
at 8 a. m. of the dates given:
Mch. 22 1907.
Feet.
J uly—
10.50- .57 10.39-.49 10.26-.36 10.20.25 10.35-. 50 10.37-.52
10.53-.54 10.42-.43 10.29-. 30 10.30-. 31 10.49-.50 10.37-.38
Range
Closing
October—
Range
Closing
10.28-.34 10.21-.28 10.10 .22 10.10-.18 10.20.34 10.22-.33
10.31-.32 10.24-.25 10.13.14 10.15-:16 10.33.34 10.22-.23
December—
Range
Closing
January—
Range
Closing
10.32-.36 10.24-.33 10.13-.24 10.14-.20 10.23-.35 10.23-.36
10.34-.35 10.27-.28 10.15-.16 10.18-.19 10.35-.36 10.24 —
New Orleans
—
—
—
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis
Nashville
Shreveport
Vicksburg
Mch. 23 1906.
Feet.
If).7
11.3
32.3
21.2
19.7
14.5
12.0
41.1
8.6
33.3
INDIA COTTON MOVEMENT FROM ALL PORTS.
10.36
© —
@ —
@ —
@ — 10.25-.27
10.40.42 10.33-. 34 10.20-. 22 10.21-.23 10.40-.42 10.28-.30
—
rain
no
and lowest 57.
Closing Quotations for Middling Colton on—
Week ending
March 22.
There has been
Average thermometer 68, highest 87
—
1905-06.
1906-07.
March 21.
1904-05.
■
Tone—
Spot
Options
Steady.
Steady.
Quiet.
Steady.
Steady.
Steady.
Quiet.
Steady.
Firm.
Quiet.
Steady.
Steady.
Since
Receipts at—
Week.
Sept. 1.
Week.
Sept. 1.
57,000 1,805,000 100,000 1,583,000
123.000 1,771,000
Bombay
Since
Since
Week.
Sept. 1.
WEATHER REPORTS BY TELEGRAPH.—Our tele¬
graphic reports from the South this evening denote that
the conditions have been quite favorable during the week.
In most sections comparatively high temperature has pre¬
vailed and rainfall has been light, with dry weather pre¬
vailing in Texas. As a result, on the whole, crop prepara¬
tions have progressed well.
Galveston, Texas.—There has been no rain the past week.
The thermometer has averaged 69, ranging from 60 to 78.
Palestine, Texas.—There has been no rain during the week.
The thermometer has ranged from 46 to 86. averaging 66.
Corpus Christi, Texas.—Dry all the week. Average ther¬
mometer 69, highest 80, lowest 58.
Fort Worth, Texas.—We have had no rain during the week.
The thermometer has averaged 77, the highest being 86 and
the lowest 64.
Abilene, Texas.—There has been no rain this week. The
thermometer has averaged 70, ranging from 46 to 94.
San Antonio, Texas.—No rain the past week.
The ther¬
mometer has ranged from 46 to 90. averaging 68.
Taylor, Texas.—Dry all the week.
-
Great
Britain.
1906-07
1905-06
1904-05
Calcutta—
1906-07
1905-06
1904-05
Madras—
1906-07
1905-06
1904-05
All others—
1906-07
1905-06
1904-05.
3,000
i~66o
—
Total all—
1906-07.
1905-06
1904-05
Average thermometer
Vicksburg, Mississippi.—It has been dry all the week.
averaged 70, the highest being 85
Helena, Arkansas.—The weather has been dry, warm and
farming operations during the week. Some land is
yet overflowed outside the levee; in fact, the river is rising.
The thermometer has averaged 65.8, ranging from 40 to 86.
Little Rock, Arkansas.—The weather the past week has
been exceedingly favorable for farm work which is progressing
rapidly. Prospects are for an exceptionally early planting.
There has been no rain during the week.
The thermometer
has ranged from 42 to 88, averaging 65.
Memphis, Tennessee.—Dry all the week. With fine weather
plowing is progressing actively. Average thermometer 66.4,
highest 84.4, lowest 38.
Mobile, Alabama.—Clear weather in the interior with
temperature high. Farm work is active and there is a large
demand for fertilizers.
Cotton planting has begun in some
There has been rain on one da}' the past week,
sections.
to the extent of one inch and twenty-two hundredths.
The
thermometer has averaged 67, ranging from 51 to 82.
Montgomery, Alabama.—Unusually hot to-day. Farmers
are progressing finely with work.
There has been rain on
one day during the week, the rainfalljbeing fifteen hundredths
593,000
488,000
170,000
623,000
521,000
7.000
6,000
3,000
7,000
6,000
3,000
4,000
5,000
1,000
66,000
58,000
17,000
70,000
63.000
18,000
1,000
1,000
2,000
1,000
2,000
19,000
34,000
12,000
21,000
35,000
3,000
2,000
6,000
7,000
10,000
7,000
61 ,000
68,000
72,000
70,000
33,000
16,000
18,000
43,000
49,000
23,000
739 ,000
3,000
30,000
16,000
16,000
AND
RECEIPTS
March 20.
Receipts (cantars a)
This week
Since Sept
183,000
14.000
62,000
63,000
782,000
691,000
285,000
642.000
262,000
SHIPMENTS.
-
a
1905-06.
75,000
6,687,884
90,000
140 000
5,712,802
5,342,965
This
week.
To Liverpool _
To Manchester
To Continent
To America
Total
1904-05.
1906-07.
—
1
Exports (bales) —
fine for
30.000
33,000
13,000
3,000
Leland, Mississippi.—It has rained during the week, the
hundredths of an inch. Average
The thermometer has
and the lowest 45.
22,000
8,000
9,000
Total.
Alexandria, Egypt
38 to 86.
'
19,000
8,000
8,000
2,000
5,000
2,666
1.
Total.
1,000
ALEXANDRIA
New
week.
rainfall reaching twenty-six
thermometer 61.3.
Conti¬
nent.
Great
Britain.
Conti¬
nent.
Bombay—
66, highest 90 and lowest 46.
Orleans, Louisiana.—We have had no rain during the
The thermometer has averaged 74.
Shreveport, Louisiana.—There has been no rain the past
week.
The thermometer has averaged 62, ranging from
Since September
For the Week.
Exports from—
exports
This
week.
Since
Sept. 1.
Since
This
Since
Sept. 1.
week.
Sept. 1.
4,000 173,387
7,750 167,252
6,250 265,406
3,500 93,337
4,500 177,052
137,478
4~,66o 236,577
500
60,892
1,750 167.362
108,777
5,500 221,772
1.000 52,978
21,500 699,382
9,000 611,999
8,250,550,889
A cantar Is 98 lbs.
MARKET AND SALES AT NEW YORK.
1
Futures
Market
Closed.
Spot Market
Closed.
.Saturday
Monday
Tuesday
Wednesday-Thursday
Friday
..
.
Steady
Steady
Steady 5 pts. dec. Steady
Quiet 20 pts. dec Steady
Very Steady
Steady
Steady 10 pts adv Barely steady
Steady
Quiet
and Contract.
ConExport sum'n.
Con- !
tract. ; Total.
...J
2,800
.
"40
BUTTS,
40
&c.—There
HU*
.
"40
1,800
300
—
BAGGING,
....
2,800
1
1,800
....
!
Total
JUTE
Sales of Spot
4,900!
300
4,940
has been
a
dearth of business in the market for jute bagging during the
week under review, and prices are nominal; 9I^c. for 2 lbs.,
standard grades.
Jute butts dull at 3@4c. for bagging
quality.
c.
[Vol. MOOUV.
THE CHRONICLE.
TAKINGS OF COTTON
WORLD’S SUPPLY AND
The
follows, quotations being in cents per
at a
Liverpool
following brief but comprehensive statement indicates
glance the world’s supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
Season.
Week and
Visible supply March 15
Visible supply Sept. 1
American In sight to March
Bombay receipts to
221,782
123,000
March 21 _
.
11.000
Other India ship’ts to March 21
Alexandria receipts to Mch. 20
Other supply to March 20.a —
Total
4,974,667
5,453,298
22.
10,000
2,000
Season.
Week.
Season.
Week.
1,784,156
11,585,404
1,771,000
159,000
892.000
217,000
2,545,470
9,053,531
156,782
57,000
8,000
12,000
11,000
.
Mon.
17
17
_c.
16%
16%
16%
16%
16%
16%
-C.
23
23
-C.
18
Hamburg
Antwerp
-C.
20
20
Ghent, via Ant__
Reval, indirect..
-C.
18
20
20
25
23
18
20
20
25
30
23
Bremen
23
18
20
20
25
30
25
30
23
18
20
20
25
30
Reval, via Canal.
-C.
Barcelona
Genoa
Trieste
-C.
28
20
32
45
28
20
32
45
_
1905-06
1906-07.
Cotton Takings.
_..
.
_
-C.
1,805,000
25
30
30
_
_c.
-C.
CENSUS BUREAU’S
170,000
762,000
317,000
March 22
Total takings to March
Of which American
Of which other
Embraces receipts
a
22
4,793,644'
4,793,644
417.784 11,005,264
272.784 8,443,264
145 000
2,562,000
405,805
262,8051
143,000!
9.859.357
In Europe from Brazil, Smyrna,
REPORT ON COTTON-GINNING.
in the Cenms Bureau com¬
received by
market
demand
We give the prices
this and last year
those for previous weeks of
for comparison:
8% lbs. Shirt¬
ings, common
to finest.
Feb
b
*
d.
s.
15-16
10%
6
6
6
d.
8
9 15-16 ®
15 9%
fa; 10
22 9 11-16®
Mch
9 13-16®
1
8 9 15-16®
15 9 15-16 (fU
22 9%
®10
11
7
d.
®9 10
Ca9 10
7
@9 10
d.
7
s.
32s Cop
Mid
l7 pi’s
Twist.
6.03!8ss
6.03 8%
6
(di
9%
(di
9% 6
9% 6
®
9% 6
9% 16
@
,6
10% 6
7
®9
9
6
11
10% 6
7% ®9
7% ®9
8
®9
9
9
9
6.01; 8%
6
s.
9%!6
9%
d.
5
5
5
s.
d.
d.
5.87
5.91
5.73
®9
4%
(®9- 4%
@9
4%®9
4%®9
4% ®9
5
@9
4%
5.78
5.92
5.77
6.00
5
5%
5%
4%
previous page, the
the United States the past week have
The shipments in detail, as made up
telegraphic returns, are as follows:
Total bales.
upland,
NEW YORK—To Liverpool—March 20—Victorian, 1,305
304 Sea Island
March 21—Cedric, 304
To Manchester—March 15—Thespis, 786 upland. 800 Sea
To Glasgow—March 16—Furnessla, 243
To Bremen—March 20—Chemnitz, 3861
To Hamburg—March 14—Myrtledene, 300:
torla,
1,913
1,586
243
386
Isl
March 16—Pre--
601
301
To Rotterdam—March 21—Turkistan, 9
To Antwerp—March 15—St. Cuthbert,
9
_
March 16—•
250
Vaderland. 1,057
Copenhagen—March 20—C. F. Tletgen, 200.
Naples—March 15—Neckar, 620
NEW ORLEANS—To Liverpool—March 20—Custodian. 14,182..
To Manchester—March 19—Manchester Englneez, 7,500
To Belfast—March 16—Rathlin Head, 7.115
To Bremen—March 16—Manhattan, 17.971
'
To Hamburg—March
16—Ilmenau, 400
March 20—BitTo
To
1,307
200
620
14,182
7,500
7,115
17,971
725
5,978
schln. 325
GALVESTON—To Liverpool—March 13—Nicaraguan. 5,978
To Manchester—March 19—Ramon de Larrinaga, 6,980
6.980
S.449
To Bremen—March 14—Madrileno, 8,449
3,434
To Hamburg—March 15—St. .Ian, 3,434
PENSACOLA—To Hamburg—March 20—Frlrzoe. 150
150
SAVANNAH—To Liverpool—March 19—Lln^airn, 3,230
3,230
.
__
To Manchester—March 19—Lincairn, 3 ,305
3,305
To Hamhurg—March 16—Celtic Princess, 2,476; Balloehmyle,
1,966
March 18—Clivegrove, 3,252
7,694
150
To Reval—March 16—Celtic Princess, 150r_
To Stockholm—March 16—Celtic Princess, 100
*
100
To Gefle—March 16—Celtic Princess. 200
200
To
March 18—
Norrkoping—March 16—Balloehmyle, 200
Clivegrove, 100
^
Gothenburg—March 18—Clivegrove, 300
WILMINGTON—To Bremen—March 19—Cayo Largo, 12.168
NEWPORT NEWS—To Hamburg—March 16—Acilia, 75
BOSTON—To Liverpool—March 16—Michigan. 1.076
March 18
—Saxonia, 1,676
March 19—Winifredian, 1,191
To Manchester—March 15—Iberian, 328
To Genoa—March 15—Republic, 110
March 17—
To Yarmouth—March 15—Prince George, 71
Boston, 53
BALTIMORE—To Liverpool—-March 16—Templemore. 17
2
To Havre—March 19—Parthenla, 1,050
To Bremen—March 19—Oldenburg, 1,302
To Hamburg—March 14—Pisa, 150
PHILADELPHIA—To Liverpool—March 9—-Haverford, 1.305
March 16—Noordland. 397..
To Manchester—March 11—Manchester Exchange, 100
SEATTLE—To Japan—March 19—Kaga Maru, 3,592
TACOMA—To Japan—March 20—Titan, 3,483
300
300
To
particulars of the foregoing shipments for
arranged in our usual form, are as follows:
The
_
..
Boston
Baltimore
Philadelphia
1,050
1,302
150
1,702
100
3,592
.
1.050
the week,
Total.
6,895
_
1,452
1,050 53,105
24,841
150
1,802
....
2,566
3,592
3,483
----
730
half
Aver.
Gross
Wt*
913,947
62,832
Georgia
Kentucky
.
Kansas
Louisiana
Indian Territory
124
1,663,456
3,424
.
_
1903.
1906.
;
.
978,424
404,905
1.534,262
53,790
624,423
Mississippi.
_
510.7
506.8
530.0
454.7
487.8
547.8
474,871
928,643
304,383
4,063,901
14,629
_
Virginia
New Mexico
...
733 ,859
95,317
615,337
80,180
1,759,083
2,578
916,945
89,002
1,992.757
2,614
15
14
523,871
347,518
1,198,568
1,107,271
469,519
1,808,617
50,766
•
Missouri
North Carolina
Oklahoma
South Carolina
Tennessee
Texas
1904.
13,290.677 10,725,602 13,697,310 10,015,721
1,471 ,170 1 ,000,735
1,264,572 1,249,685
,
_
41,612
664,923
328,044
1,327,596
644
75
829,777
329,627
3,132,503
17,446
148
516.7
516.7
515.6
524.9
474.4
511.9
480.2
522.2
526.4
474.8
524.3
836,334
274.052
1,441,718
37,904
563,694
190,360
758,846
342,033
1 ,208,180
1,129,426
278,364
2,490,128
16,259
'
251,016
2,454.616
14,024
—
half bales.
30,337 for
had not finished ginning, they were
requested to prepare careful estimates of the quantity of cotton which
These estimates, amount¬
remained to be ginned at their establishments.
ing to 155,704 running bales, have been included In the totals for 1906.
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, <te., at that port:
•Average gross weight in pounds, counting round
Kentucky figures include llnters of establishments
Active ginneries reported are 28,702
1904 and 30,218 for 1903.
In the final canvass, where glnners
bales.
Sales of the week
Of which speculators took_„
Of which exporters took
Sales. American
Actual export
Forwarded
Total stock—Estimated.
Of which American—Est_.
Total import of the week
Of which American
Amount alloat:
Of which American
..
_
_
_
-
-
_
-
.
been
Saturday.
Spot.
Market,
12:15
P. M.
Mch. 8.
Mch. 15.
Mch. 22.
66,000
2,000
3,000
58,000
18,000
102,000
1 ,128,000
63,000
52,000
1,000
4.000
56,000
6,000
84,000
1.000
2,000
)
)
J
Moderate
demand.
1,024,000
1,207,000
1,101.000
159,000
125,000
365,000
169.000
150,000
101 .000
68,000
292,000
302 000
222 000
269,000
213 000
4
P. M.
-
Monday.
Tuesday.
Wed'day.
Thursday.
Friday.
Good
demand.
Quieter.
Good
demand.
Good
demand.
Moderate
demand.
1
J
V
> 1
J
5.95
5.93
7,000
F 1,000
8,000
12,000
500
1,000
500
1.000
Quiet.
uneh. at
1 pt. adv.
Futures.
Market
for '{lots and futures
daily closing prices of
follows:
6.03
6.06
Spec.&exp.
opened
1 1 ,000
82,000
1.216.000
1.098,000
431.000
371 000
as
47,000
'
|
Mid. Upl'ds
Market
In Illinois.
53,000
1 ,000
1,000
42,000
7,000
88,000
089,000
1
995,000
208,000
173,000
The tone of the Liverpool market
each day of the past week and the
spot cotton have
as
In 1906, 29,038 for 1905,
Mch. 1.
-
Steady,
Quiet at
1 (a 1 1
ptS.
advance.
2
un-
changed.
5.98
6.01
10.000
1,000
7.000
Steady at Very st’dy
2% ®3 pts. at 2 ®3 pts.
advance.
decline.
Steady
B’rly st’dy
Easy at
Quiet at
®4% pts 5% ® 8 pts. at 3% fti4% unch. at 2
decline.
pts.
adv.
pts. dec.
decline.
500
Steady at
2 points
advance.
Steady at
3 ®4 pts. 2 (at5% pts.
Steady
at
advance.
advance.
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices arc given in pence and lOOf/is.
Thus: 5 69 means 5 69-lOOd.
The
below.
3,592
3,483
7,075 122,772
12%
12%
March 22. p.m.
p.m.
to
bales
1,028
d.
d.
March
Mch.-Apr.
Apr.-May
May-June
June-July
July-Aug.
Aug.-Sep.
Sep.-Oct
_
The exports to Japan since Sept.l have been 161,321
from Pacific ports, 161,321 bales from Galveston and
bales from New York.
Mon.
Sat.
March 16
75
-
.58,122
47,493
4,505
2,519
124
1,802
—
10,725,602
3,483
15,279
12,168
110
4,271
17
_.
Alabama
Arkansas
Florida.
Sales
124
17
1,050
Seattle
Total
328
110
75
.
.
7,694
12,168
6,535
Bales.
1905.
1906.
.
.
Bales.
and
13,290,677
llnters) . 13,576,225
State or Territory.
3,943
- —Oth.Europe— Me.r.,
Great French Gcretc. Japan.
Xorth. South.
Britain.
ports. many.
620
987
1,516
3.742
IS.6 96
.28.797
11,883
.12.958
150
Savannah
Wilmington
Newport News
Tacoma
12,168
75
122,772
Total
New York
New Orleans.
Galveston
Pensacola
1904.
Bales.
given as follows:
Mid
exports of cotton from
reached 122,772 bales.
from mail and
are
Upl’s
l'
SHIPPING NEWS.—As shown on a
1906.
Crop of
1905.
13,697,310
10,777,510 13,679,954
Distribution—•
Square (upland) reported rom glnn’s. 12,778,837
10,214,059 13,198,944
Round (upland) reported from glnn's.
266,795
'279,836
296,151
Sea Island reported from ginneries
57,352
112,539
104,317
Llnters reported from cotton oil mills. > 321,160
230,497
245,973
The cotton crops grown In 1906, 1905, 1904 and 1903, expressed in
running bales, and the average weight of bale for the crop of 1906 by States
llnters.
United States
d.
d.
d.
6.00 8%
®
6.14;S%
6.24 8 11 -16®
®
6.03! 8%
15-16
Col’n
cotton-seed
ginning establishments and
Running bales, counting round as
and including linters.r
8% lbs. Shirt¬
ings, common
to finest.
CoVn
cotton-ginning for this
of 1906, accompanied by
counting round as half
Equivalent 500-lb. bales (incl.
1906.
1907.
32s Cop.
Twist.
The total crop reported from
oil mills Is summarized as follows:
including
to-day below and leave
for
report on cotton-
of the final report on
showing the total cotton production
comparative statistics for 1905 and 1904.
season,
Total crop,
West Indies, &c.
report
MARKET.—Our
MANCHESTER
7.385.357
2,474.000
cable to-night from Manchester states that the
is
firm
for both yarns and shirtings.
The
for both yarn and cloth is good.
30
20
-
pleted and issued on March 20 the final
ginning the present season as follows:
5,403,296
5,403,296
18
28
20
32
45
20
32
45
17
—The Division of Manufactures
The following Is a summary
Deduct—
Visible supply
-
.
_
28
28
20
32
45
28
20
32
45
,c.
Japan
5,821,080 16,408,560 5,199,449114,653,001
supply
Thurs.
17
Wed.
17
Tues.
17
Sat.
_c.
_
Manchester
Havre
perid.
of sight, for the like
gone out
week have been as
100 lbs.: .
Fri.
freights at New York the past
Cotton
—
Oct.-Nov.
Nov.-Dec.
Dec.-Jan.
Jan.-Feb.
5
5
5
5
5
5
5
5
5
5
5
5
Tues.
Ft
Thurs.
Wed.
12
12 %
'4
12 M
4
12%, 4
12
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
%[
p.m.j
d.
67
69
68 % 67
68% 67
68% 67
67
68
67 % 67
65% 65 %
64
64
61
61%
60% 61
60% 61
62
62%
d.
61
61
61
61
d.
57
56
56
56
56
56
%
%
%
61
%
61
%
59% 55%
58
54%
55% 52%
55
55
56
52
52
53
d.
d.
59
57
59
57
56 % 59
\
56% 59
59
57
59
57
55 % 57%
54% 56
52
53%
51% 53
51% 53
52% 54
d.
! 59
58
58
58
%
58
58
56%
55 %
52
51 %
51%
52 %
d.
65 %!
65
61 % 62%
64
62
61
64 %
62
61
61 % 64
61
61 % 63 %
61
61 %
59 % 60
57% 58% 59 %
56%
54 % 56
54
55 % 56
54
55% 56
55
56% 57
d.
62
d.
63
Mar. 23
703
THE CHRONICLE.
1907.1
BREADSTUFFS.
Friday, March 22 1907.
Prices for wheat flour have shown no quotable change,
but of late the undertone of the market has been rather easy,
and it is reported that some small transactions have taken
place at five to ten cents below market quotations. The
general situation has undergone no essential change. Buyers
continue to pursue the policy of taking only enough flour
to fill immediate requirements.
Export trade has been
stagnant and the clearances
selling for a decline, but part of the loss was recovered before
the close, on covering of shorts and bull support.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat.
Mon.
Mon
47
47
Tucs.
Mixed, 26
to321bs.
White
from the seaboard for Europe
Corn meal and rye flour
47
%
Wed.
Thurs.
Frl.
47
47
47
clipped,
26 to 38
lbs
DAILY
CLOSING
May delivery In elevator
July delivery In elevator
have continued on a small scale.
have been quiet and steady.
—
Mon.
404$
36%
32 4$
36%
32 %
September delivery In elevator
The following are
Sat.
39%
49 51
CHICAGO
Wed. Thurs. Frl.
2 MIXED OATS
OF NO.
PRICES
50-52
50-52
50-52
50-52
50-52
Tucs.
41 %
37%
32 7a
IN
41 H
36 Ji
42%
37%
32%
417-8
37%
32%
32%
closing quotations:
FLOUR.
the week, partly owing to more Low
53 60 @53 80
52 75 @53 20 Kansas straights
grades
3 10 @ 3 40
of the reports of damage to the Second clears
2 80 @ 2 85 Kansas clears
Blended
3
75
patents
4 45 @5 10
3 50 @
country and liquidation, as well Clears
3 65 @ 4 15
Straights.3 65 @ 3 75 Rye flour
as not a little selling for short account .
2 00 @ 2 20
Moreover, the stocks Patent, spring
3 90 @ 4 30 Buckwheat flour
2 90 @ 3 75
Patent, winter
3 75 @ 4 00 Graham flour
at the Northwest have been rapidly increasing, receipts
2 70 @ 2 80
Kansas patents
3 90 @ 4 00 Cornmeal
there being liberal. Foreign markets as a rule have been any¬
GRAIN.
thing but encouraging for a rise and the stock market at Wheat, per bush.—
Corn, per bush.—
c.
c.
No. 2 mixed
f.o.b.57
times has exhibited a weakness which has been to some
N. Duluth, No. 1
91
N. Duluth, No. 2
f.o.b.90
No. 2 yellow, new
f.o.b.52%
extent reflected in all the commodity markets, wheat by no
Red winter. No. 2
Lo.b.55
f.o.b.84
|
No. 2 white, new
means excepted.
The export demand, too, was light early
Hard
“
“
f.o.b.86% | Rye. per bush.—
64%
| No. 2 Western.
in the week.
Intimations that rather heavy liquidation had Oats—per bushel—
No. 2 white
48 @50
|
State and Jersey
Nominal.
taken place in Chicago for account of large operators also
| Barley—Western
Not 2 mixed
47
Nominal.
No. 2 white, clipped..
49 @51
|
Feeding
Nominal.
played its part in the decline which occurred in the fore part
of the week.
Within a few days, however, the complexion
The statement of the movement of breadstuff’s to market as
of the market has somewhat changed.
The tone has be¬ indicated below are prepared by us from figures collected by
come firmer by reason of a better export demand and stronger
The receipts at Western
the New York Produce Exchange.
foreign market , due partly to unfavorable crop reports from lake and river ports for the week ending last Saturday and
Hungary, Spain and some other parts of Europe, and re¬ since Aug. 1 for each of the last three years, have been:
ports of damage to the crop in the Southwest by hot weather
Rye.
Oats.
Barley.
Corn.
Wheat.
—90 degrees Fahrenheit at some points—and the ravages of Receipts at— Flour.
bushASlbs. bu. 56 lbs.
bbls. \96lbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs.
bugs. This has led to quite a little covering of shorts here
51,286
549,875
1,950,438
2,545,325
142,250
220,565
and not a little new buying for a rise both in New York and Chicago
24,300
365,600
297,600
204.000
73,000
37,100
Milwaukee..
3,280
105,226
26,624
834.262
Chicago. Some bad crop reports have also been received Duluth
9,750
33,340
390,166
399,270
118,020
2,274,640
Minneapolis.
from Indiana and Ohio, which have not been without their
84,100
186,000
39,000
Toledo
effect.
43,603
Then, too, the firmness of what are termed coarse Detroit
58.200
2,400
1,000
94,115
108.229
23,522
683
Cleveland
grains, such as corn and oats, has been imparted in some St. Louis
19,081
42,900
537,600
1,120,530
189,468
73,625
7,000
62,000
144,000
198,000
1,800
degree|to the wheat market. The market, however, is what Peoria
18.000
122.400
279,000
539,000
is usually termed a two-sided one.
It is worth while to re¬ Kansas City.
138.287
member that many of the crop reports are distinctly favor¬
3.699.750 1,516,767
4,817,304
4,116,942
362.123
Tutal week
50,853
3,043,655 1,246,627
2,033,751
2,403,925
able.
Even in the Southwest the damage from insects is Same wk. ’06
279,666
77,676
4,334,792 1,228,806
4,639,612
2,558,380
271,042
Same wk. ’05
be
said to
greatly exaggerated, while reports by three differ¬
ent experts who have been examining the crop conditions Since Aug. 1
51,985.314 5.733,335
1906-07... 13.753,183 170,256,699 136,664,621 134,541,330
arc of a decidedly assuring character.
Then, again, the
6,460,381
13.322,409 183.133,287 127,088.501 159.031,523 64,339,308
1905-06-56,388,583 5,675,736
flour trade has been poor, and of late it has been asserted
1904-05--- 11,627,587 168,264,012 128,120,130 114,740,838
that very large quantities of wheat are being held back at
country elevators in the Northwest. To-day prices advanced
Total receipts of flour and grain at the seaboard ports for
on
unfavorable crop reports from the Southwest, where the week ended March 1(> 190 follows:
Rye,
Barley,
Oats,
Corn.
Wheat,
Flour,
further damage from bugs was reported, a rather bullish
bush.
bush.
bush.
bush.
bush.
bbls.
Receipts at—
1.950
57,600
570,000
878,275
crop statement by the “Modern Miller.” buying by influ¬
289,000
129,404
New York
300
85,547
231,971
74.189
35,843
ential Chicago operators and covering of shorts.
Large Ar¬ Boston
8,376
216,438
11 ,175
Portland.
1.027
1,000
97,476
302.263
gentine shipments and disappointing cables had little effect. Philadelphia
116,550
71.154
15,237
32,997
1.059.233
31,970
47,649
Baltimore
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
70,588
53,586
22,808
6,346
Richmond
Wheat declined early in
favorable weather, denial
winter-wheat crop in this
-
”
Sat.
No. 2 red winter.
-83%
-83%
-84 %
.
May delivery in elevator
July delivery in elevator
.
-84
September delivery in elevator
.
September delivery in elevator.
Indian
corn
83
«3
84
84
Wed.
7’ues.
83 %
%
84
%
84 H
84
83
83
84
84
%
Thurs.
%
83%
%
84
84%
%
85
Frl.
84
84 %
84 %
84 H
OF WHEj\T FUTURES IN CHICAGO.
DAILY CLOSING PRICES
May delivery in elevator
July delivery in elevator
%
Mon.
.
_
.
Sat:
-75 %
Mon.
Tucs.
75%
75 %
.77 >4
-77 %
77
77%
78 >4
77
n
futures have advanced, owing
Wed.
75 %
76 %
Thurs.
77
78
%
75%
77 %
%
Frl.
76 H
mainly to bull
manipulation, covering of shorts and light offerings. Here
the speculation has been dull, but at Chicago it has been
broad and active at times.
Bulls have been encouraged to
act aggressively by the smallness of contract stocks and
At times there has been no contract
arrivals at Chicago.
corn in the receipts at Chicago.
Then, too / farmers will
soon be busy with farm work, and it is expected that the crop
movement will-diminish.
The cash demand has been quiet,
and in the main and at times leading bulls have taken profits.
But the generality of the trade have been more disposed to
buy than to sell. To-day the market declined on liquida¬
tion, bearish pressure' and the dulness of
Covering of shorts and supporting orders
the cash trade.
caused a partial
rally before the close.
DAILY CLOSING
May delivery In elevator
July delivery in elevator
Sat.
.56
%
56 %
.53
53
-53%
:._53%
'
DAILY CLOSING
PRICES
May delivery in elevator
July delivery In elevator
September delivery in elevator
Mon.
56 %
53 %
/
03 %
0
1
CORN IN NEW YORK.
Tucs.
56 %
54 %
54 %
Wed.
56
54
54
%
%
Thurs. Frl.
57
56 %
54 %
54 %
54
53%
CORN FUTURES IN CHICAGO.
Sat.
.44 %
.44 %
-45%
45 %
-45%
45 %
Mon.
45 %
45 %
46%
Tucs.
46%
46 %
46%
Wed.
46 14
45 %
46
%
Thurs.
46%
46 %
46%
Frl.
46
45%
46 %
3.214
4.505
7,975
17,776
a
on
Receipts do not include
through bills of lading.
Total
7.9SO
992.725
2,165.359
grain passing through New
2,383
..bush.
Orleans for foreign ports
Jan. 1 to March 16 compare
1906.
1905.
1904.
2,797,493
4,38^726
16,097,377
31,296.872
9,025,943
1,353,630
283,059
16,521,228
50,329.768
19.824,668
3,503,484
37,058.592
409,251
7,081,078
1,867,812
111,221
11.968,994
20,775,572
8,112,664
1,063,100
261.450
58,056.881
91,988,033
49,712.187
42,181,780
1907.
3,986,803
exports from the
New York.
"...
Boston
4,903.118
several seaboard ports for the week
shown in the annexed statement:
Peas,
PhUadelphia
....
Wheat,
bush.
Corn,
176.UNO
582.969
216,438
64.599
48.000
Baltimore
Norfolk
Newport News
New Orleans
Galveston.. 1
Mobile
St. Johns, N. B..
Total week
Same time 1906.
65,890
68.832
24.60S
bush.
244,909
245,279
713,895
19,314
281,226
10,040
Flour,
bbls.
55.919
11,175
2,666
10,226
22,530
3.214
26,069
2,741
714
7.975
17.776
664,459 2,097,632 167,005
.
18.214
20,176
91.341
147,973
ending March 16 1907 are
Exports pom—
---.
3,498.605
.
Wheat
Corn
Oats
The
72.617
1.500
3,136,146
2,263,210
877,021
...bbls.
Total grain
10.778
18,682
1,047,139
Flour
Barley
Rye
62,000
24.60S
receipts at ports from
Receipts oj—
439,000
151,000
10,040
377,516
257,901
Total week
Portland
PRICES OF NO. 2 MIXED
Cash corn
Orleans.a
Galveston
Norfolk...
Montreal
Mobile
St. John.
New
77%
78%
65,896
73,700
124,000
26.069
16,406
Newport News
702,856 2,588,049 168,216
Oats,
bush.
10,960
Rye,
Harley,
bush.
bush,
21,785
8,376
bush.
2,580
244
271
110
990
8,349
1.500
18.682
21,190
920,751
48,843
331,008
3,814
2.752
week and since
The destination of these exports for the
market have ad¬
vanced sharply with the trading active and at times excited. July 1 1906 is as below:
Cor\
-WhealFlour
Since
Since
Leading operators there have bought and bid the market up
Since
\
Jidy 1
Week
Week
July 1
July 1
Week
and frightened shorts have covered.
Commission houses
1906.
Mch.
16.
1906.
1906. Mch. 16.
lor week and Mch. 16.
bush.
bush.
have been good buyers.
bush.
bush.
The crop movement has been light. Exports
bbls.
bbls.
since July 1 to—
490,830 36,933,497 1.136,347 22,160,813
91,981 4.358.926
At times leading bulls have taken profits, but on all setbacks
United Kingdom
923,228 25,130.925
150,388 33.495,517
22,675 1,835,283
460.982
4.967
288,497
buying has been active and prices have quickly responded. Continent
23,235
553,356
So. & Cent. Arner... 22,376
1,067,263
33,090
10,247
There has been an absence of opposition to the upward move¬ West Indies
25,622 1,103,450
61,890
8,000
58,600
106
Brit. No. Amer. Cols
ment of prices.
159,251
The cash demand has been quiet as a rule, Other
376,803
148,290
4.245
Countries....
though within a day or two a larger business has been trans¬
664.459 71,112.561 2,097.632 49.653,124
167,005 8.057,905
Total
acted at firm quotations.
Contract stocks continue relatively Total 1905-06
702,856 40,351,698 2,588,649 88,572,996
168,216 7,938,926
small.
To-day prices declined on heavy liquidation and
Oats for future
r
delivery in the Western
-
comprisingjthe ^stocks i
/The visible supply^of grain,
the principal points of accumulation;^liUcejand
seaboard ports March 10 1907, was as follows:J1
Vil,'|
granary at
Oats,
Rye,
bush.
bush.
bush.
bush.
889.000
1,099,000
206,000
47,000
050,000
410,000
283,000
467,000
1,000
23,000
3,474,000
919.000
841,000
113.000
675,000
2,924,000
478,000
468,000
25,000
Wheat,
New York
‘
.
Com,
Barley.
bush•
r-153,000
tUlnal
Philadelphia
.
Baltimore
New Orleans
.
Oftlveston
“
-
...
.
afloat
.
Toledo
“
afloat
2,000
87,000
110,000
133,000
“
1,000
92,000
1,000
39,000
467,000
275,000
179,000
061,000
201.000
6,000
659,000
440,000
596,000
209,000
291,000
38,000
14,000
9,872,000
2,092,000
1,160,000
478,000
745,000
299,000
615,000
545,000
239,000
2,000
348,000
850,000
178,000
342,000
73,000
700,000
13.000
102,000
145,000
.
afloat.
Chicago
.
..
“
afloat
Milwaukee
afloat
Fort William
Port Arthur
afloat
Duluth
afloat
...
481,000
70.000
3,470,000
3,287,000
490,000
5.971,000
221,000
.
"
.
.
“
.
“
.
_
Minneapolis
.
St. Louis
*•
.
afloat.
.
Peoria
Indianapolis..
On Mississippi River..
On Lakes
On Canal and River
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
If,
9
17
18
18
19
21
483,000
3,650,000
667,000
200.000
3,790.000
223,000
278,000
547.000
527.000
333,000
17,000
*
.
Kansas City
Total
Total
Total
Total
Total
Total
Total
26,000
8,557,000
2,368,000
.
70,000
10,000
1,076,000
81,000
business has been done in other quarters.
WOOLEN GOODS.—On fall dress goods
prices on high
grades, though considerably above last year’s,
are considered legitimate and orders have been placed freely
by jobbers and cutters-up. Medium and heavy-weight
cloakings are being shown and are bringing firm prices. In
manufacturing quarters interest now centres in Fall lines of
dress goods; broadcloths appear to be favored as the leader,
although other lines, such as plaids, checks and fine stripe
worsteds form a large part of initial orders.
Purchases of
cheviots, heavy staple worsteds, woolens and manipulated
fabrics are about up to last year’s volume.
Fancy domestic
and medium
18,000
__
Detroit
“
remarkably heavy, several well-known lines have been with¬
drawn and most mills are unable or unwilling to accept
additional business, being fully sold ahead for some time.
Shirtings have moved freely at higher prices than in any
recent season.
Tickings, denims, sheetings and other do¬
mestics are in urgent request with little prospect of sellers
meeting all requirements. Wash dress goods and printed
cottons for spring and summer are being rapidly cleaned up
and everything points to a record business this season.
Export trade with China is at a standstill, and only moderate
,
Boston
Montreal
Toronto
Buffalo
[VOL. IiXXXIV*
THE CHRONICLE.
704
woolens continue in heavier demand than for many seasons
past, with light colored goods in increased favor.
Spring
goods are well cleaned up in first hands. In
re-orders on medium-wroight and fancy over¬
coatings have brought the total yardage about up to last
season’s.
Light-weight lines are practically out and mills
are
unwilling to accept supplementary orders for spring
even at premiums.
The outlook for fall favors fancy wool¬
ens for first place and heavy duplicate orders have been sent
in by manufacturing clothiers.
Mills are now preparing
elaborate new lines for the spring of 1908 and indications
are
that all-worsted and all-wool fancy goods will show
material advances, owing to the increased cost of production.
In the primary market many fall lines of men’s wear have
lines of dress
men’s wear,
.
1907. .47,354,000
1907. .45,750,000
1900. .47,272,000
190.5. .33,943,000
1905. .33,943,000
1904. .32,925,000
1903. -45,055,000
13,149,000
12.359,000
15,349,000
9,787,000
9,787,000
9,511.000
10,837,000
1,563,000
1,536,000
2.255,000
10,073,000
10,227.000
23.636,000
15.911.000
15.911,000
1,459,000
1,459,000
959.000
995,000
10.689,000
7.182,000
•
2,188,000
2,251.000
3,934,000
3,617,000
3,616,000
3,696,000
1,708,000
THE DRY GOODS TRADE.
been withdrawn.
FOREIGN DRY GOODS.—The linen situation is becom¬
New
York, Friday Night, March 22 1907.
ing more acute as the season progresses. The shortage
Practically all divisions of the dry goods trade have worked which at first was pronounced in certain lines has extended
into a stronger position this week and prices in many lines to practically all lines, and importers are hard pressed for
are tending higher.
The local and out-of-town spot demand, goods to meet orders falling due. Manufacturers are being
urged to forward immediately shipments ranging up to next
not only for cottons but for woolens, linens, silks and other
fall.
Buyers are constantly being confronted with ad¬
lines, continues extraordinarily large and the scarcity of vances; union
goods especially are higher, reflecting the in¬
merchandise for near-by delivery has become more pro¬ creased cost of cotton
yarn.
Silks and ribbons are very
nounced.
Buyers, however, manifest some conservatism in active and stronger. Burlaps are in greater demand; stocks
contracting for future requirements, particularly in fine goods, are exceedingly low and prices have been advanced within
owing, doubtless, to money stringency and uncertainty as the past week, with an upward tendency.
Woolens and
to deliveries; but the present lull is considered healthful.
worsteds continue firm and active.
The lessened activity does not extend to mills, which are
making energetic efforts to catch up on back orders, or to Importations and Warehouse Withdrawals of Dry Ooods.
The importations and warehouse withdrawals of dry goods
jobbers, who are enjoying an enormous trade in all season¬
at
this port for the week ending March 16 1907 and since
able lines.
In cotton goods, especially, top prices are uni¬
Jan. 1 1907, and for the corresponding periods of last year,
formly maintained by sellers for near-by delivery. Print
cloth mills are sold for months ahead on narrow goods; prices are as follows:
«
g
2
2
3
continue firm and for immediate delivery are largely nominal,
ssggs-S
o
owing to the scarcity. Wide gray goods, as well as brown
g
f®
o a
K-S2 s.
ps
sheetings, 4-yard 56x60s, are firmer. Bleached goods are
p.
*o
3
S3
virtually unobtainable in any quantity for early delivery. In
o 2.
O
H
hosiery and underwear lines present indications point to the
in
sf
o ggreatest scarcity experienced in years; premiums are freely
M
3 p
5
2
offered for lace and lisle hosiery for women, while fine
e c
H
g £.
3
men’s wear hosiery is also scarce and high.
Trade in silk
B
v ST
>
1
S3
piece goods is the best seen in years; supplies are inadequate,
53
o !
B
B
3
prices have been advanced and are expected to go higher,
0
X
owing to the increased cost of raw silk. Dress goods lines
o
O
i to Xk
«I
I
for fall have been moving satisfactorily, fair recorders hav¬
cjin bs i
b i « bi b
S3
S
c o®o
©
-Jk-k
| Xk oo
B
ing been placed on medium and low grades.^Export trade
O
oe I oo ®
-JOS
®00»)00h
£G
is practically dead.
O
a
fD
ft-
r-k
ro
~
rt
■i
<-*■
3
o
co
co
r+
i
<1
tvs
to
M W
iU oo ©
CS IS tj
to
U
tvs
Ct
X. 00 03
Si
DOMESTIC COTTON GOODS.—The exports
of cotton
goods from this port for the week ending March 16 were 6,525
packages, valued at $327,031, their destination being to the
points specified in the tables below;
A'etc York to March 16—
Great Britain
Other European.
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America..
Other Countries
..
.
.
.
.
Week.
-
43
..
27
..
.
.
2,050
_.
899
—
.
.
1.831
386 547.
....
_
.
..
Total
..
.
..
.
.
.
Since
Jan. 1.
612
158
Week.
20
10
6.191
3,780
14,202
Since
Jan. 1.
171
508
5,512
88
482
37
430
48
527
79
3,667
10,563
9,879
350
1,150
3,835
13,661
67
3,222
..6,525
57,633
2,218
7,267
67,546
The value of these New York exports since
Jan. 1 has
$3,491,799 in 1907, against $3,717,611 in 1906.
Demand continues exceedingly active for bleached goods
are
sold ahead to
a
greater extent than witnessed in years. The situation in all
domestic cottons, in fact, is acute; few goods are available
for reasonable deliveries, and even the higher prices recently
made on bleached and half-bleached cloth and ginghams,
the I'ic. advance on ticketed brown muslins and the shorter
discounts
prints have not curtailed buying. Whatever
falling off in business has occurred in staple lines has been due
to scarcity of goods rather than to any decrease in the
demand.
Standard grades of linings have been advanced
with the price tendency upward; the demand continues
to
y
t-
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Mak. 23
Treasurer, for $10,000 6% coupon school-building
Securities are dated April 1 1907.
Interest semi¬
annually at the Allendale Bank of Allendale. Maturity
April 1 1937. Certified check for $100, payable to C. B.
Farmer, Town Treasurer, is required. The town lias no
bonded debt at present.
Assessed valuation $250,000.
Altoona School District (P. O. Altoona), Blair County,
Pa.—Bond Sale.—On March 18 the $120,000 4% 30-year
coupon funding bonds described in V. 84, p. 644, were
awarded to Denison Sc Farnsworth of Cleveland and Boston
at 100.11—a basis of about 3.994%.
Amarillo, Potter County, Tex.—Bonds Registered.—On
March 14 $1,900 5% 10-40-vear (optional) migine-house-repair bonds dated March 1 1907 were registered by the State
Town
bonds.
State and City Department.
News Items.
California.—Legislature Adjourns.-—The thirty-seventh ses¬
Legislature ended March 12.
Kansas.—Legislature Adjourns.—The Legislature of 1907
adjourned March 13.
Missouri.—Legislature Adjourns.—Special Session .—The
Legislature of this State adjourned March 16. Coventor
Folk has called an extra session, to convene April 9. for the
consideration of excise legislation, the public utilities bill
authorizing municipal assemblies to lix schedules of rates
for the service rendered
by public service corporations,
police regulations for the cities and thexpio warranto bill.
sion of the California
Comptroller.
Anderson, Anderson County,
election held March 14
to issue $75,000 street
Offering.—Proposals will be received
April 3 by J. Sc W. Seliginan ifc Co. of Now York
City (fiscal agents of the loan) for §1,000,000 4% gold
coupon bonds to be issued under authority of an Act of the
Legislative Assembly of Porto Rico, approved March 8 1906.
Denomination $1,000.
Date Jan. 1 1907. Interest.semi¬
annually at the office of J. & \Y. Seligman Sc Co., in New York
City. Maturity $50,000 yearly on Jan. 1 from 1908 to 1927
inclusive.
Registered bonds of $5,000 each will be issued
in exchange for coupon bonds, if desired.
The bonds are
exempt from all taxes in the Island of Porto Rico. The
United States Treasury Department- authorizes the state¬
ment that it will accept these bonds as security for public
deposits on precisely the same conditions as the Philippine
bonds; that is, the Department will accept these bonds as
security for public deposits, should further deposits bo made,
and permit them to be sbustituted for Covernmont bonds
now
held as security for deposits,- on condition that the'
Government bonds thus released be used as security for
additional-circulation-, whenever, in the judgment of the
Secretary of the Treasury, it is desirable to stimulate an
increase in national bank circulation.
The legality of the
bonds has been passed upon by the Attorney-General of the
United States and by Messrs. Cravath, Henderson Sc do Gersdorn.
Certified check for 2% of the face, value of bonds ap¬
plied for, payable to J. A \V. Seligman A Co., is required.
The official notice of this bond offering will be found among
Porto;Rico.—Loan
644. Proposals will be received until 12 m. on that day
by \Y. W. Patton, City Treasuring Bids are requested for
bonds bearing 4%, 4Ig% or 5%, interest.
Authority, Sec¬
tions 13 to 19 inclusive. Chapter 649, Public Laws of 1905.
Denomination to suit purchaser.
Date June 1 1907. In¬
terest Jan. 1 and July 1.
Maturity June 1 1937. Bonds are
exempt from taxation.
Certified cheek (or cash) for $500,
payable to City Treasurer, is required.
Bakersfield, Kern County, Cal.—Bond Election.—The fol¬
lowing elections will be held in this city:
On March 25 to vote on the
On March 26 to vote on the
On March 27 to vote on the
Batavia,
question of issuing 8120,000 sewer bonds
question of Issuing 850,000 park bonds.
question of Issuing1 850,000 city-hall bonds
Clermont County,
Ohio.—Bonds Authorized.—
providing
The City Council on March 5 passed an ordinance
for the issuance of the $2,400 4% coupon street-improvement
(village’s portion) bonds, authorized by a vole of 123 to 1
the election held March 2.
Denomination $500, except
one
bond for $400.
Date April l 1907.
Interest semi¬
annually at Village Treasurers office. Maturity April 1 1937.
Bellaire, Belmont County, Ohio.— Bond Sole.--On March
19 the $25,000 411% 10-year watcr-works-improvement
bonds, a description of which was given in V. S4, p. 462,
were awarded to the Dollar Savings Bank of Bellaire at 106.60
at
—a
basis of aboui
3.705*.%
Benton County (P. O. Camden), Tenn.— Bond Election.—
An election will be held in the near future to vote on the
question of issuing $50,000 road bonds.
Benton Ridge School District (P. O. Benton Ridge), Han¬
cock County, Ohio.— Bonds Awarded in Port.— Of the $12,000
-]<’! coupon school-building bonds offered on March 6, $10,200
were awarded to (1. M.
Driesback at par and $600 to Mrs.
Hester Jones at par.
See V. Si, j). 106. for description of
on page xv.
Washington.— Lcgislaturc
1907
bonds.
j).
•
elsewhere
S. C.—Bond* Voted.—The
resulted in favor of the proposition
Asheville, Buncombe County, N. C.- Bond Offering.—
Further details are at hand relative to the offering on March 27
of the $30,000 coupon school bonds mentioned in Y. 84,
until 3 p. m.
the advertisements
705
THE CHRONICLE.
1907.]
Adjourns.—The Legislature of
adjourned March 14.
these securit ies.
Bond Proposals
have been as follows:
Aberdeen SchoolDistrict(P. O. Aberdeen), Brown County,
S. D.—Bond Elect ion.—An election will bo hold next month
to vote on the question of issuing $10,099 5%, funding
and
school-building bonds!
Adams County (P. O. Decatur),
has passed
high-school bonds.
Big Rapids, Mecosta County, Mich.—Bonds Proposed.—
The Board of Trade lias passed resolutions in favor of issuing
I
improvement bonds.
Bristol, Sullivan County, Tenn.—Bonds Proposed.—The
Board of Aldermen are considering t lie advisability of issuing
bonds for the purchase of the water-works system of the
Brislol-Goodson Water Co. ‘and for the construction of a
Ind.--7iond Offering.—
Proposals will be received until btfa. m.. March 26, by J. F.
Lacliot, County Treasurer, for t/ie following bonds:
coupon Root & Preble macadam road extension No. 2 (Root
54,880
& Preble Township) bonds.
Denomination 8244.
8,540 4 lj% coupon Reiter & Buhlman macadam road (Root Township)
bonds.
Denomination $427.
5,560 4
2 macadam road
coupon French Township extension Xo
(French Township) bonds.
Denomination 8278.
6,820
coupon Brushwood Collette extension No. 2 macadam road
(Hartford Township) bonds.
Denomination Sail.
4,180 iy-2% coupon Root <fc Preble macadam road extension No. 1
(Preble and Root Townships) bonds.
Denomination $200.
The above bonds will be dated March 15 1907,
Interest'
semi-annually at the First National Rankin Decatur.
Maturity one bond of each issue payable each six months from
Nov. 15 1907 to May 15 1917 inclusive.
Certified cheek for
3% of the amount bid,drawn on a bank in Adams (’minty
and made payable to the Hoard of Commi.-sioners. is required. Purchaser to pay accrued interest.
Adel, Berrien County, Ga.—Bond Offering.
Proposals
will be received until 12 m. April 15 by A. D. Wiseman,
Treasurer, for $25,000 5% water-works and city-hall-build¬
ing bonds. Authority Section 16,-Laws of 1900.
Denomi¬
nation $500.
Date July 1 1907.
Interest semi-annual.
Maturity July 1 1937. Certified cheek for $250'is required.
Official circular states that there is no controversy threatened
or pending
and that default has never been made in 1 he pay¬
ment of principal or interest.
Purchaser to furnish blank
As¬
bonds.
Bonded debt, including this issue, $35,000.
sessed valuation for 1906, $525,000; real value, estimated,
$650,000.
Allegheny County (P. O. Pittsburgh), Pa.—Bonds Xot
Sold.—No bids were received on March 20 for the $500,000
4% 30-year coupon road-improvement bonds described in
V. 84, p. 644.
Allendale, Barnwell County, S. C.—Bond Offering .—Pro¬
posals will be received until 12 m., April 15, by C. B. Farmer,
Bevier School District (P. O. Bevier), Macon County, Mo.
—Bonds Proposed.—'The Board of Education
a
resolution to submit to a vote of the people at f lu* April (‘lec¬
tion the question of issuing $11,500
and Negotiations this week
reservoir.
Ohio.—Bonds .4 u/hori.ud.—On
providing
plant
Denomination $1,000. Date April 1
Bryan, Williams County,
March 5 the Village Council passed an ordinance
for tiie issuance of $30,000 5% coupon light and water
improvement bonds.
1907.
Interest
semi-annually
Maturity $3,000 every six
March 1
j
j
191S inclusive.
on
March 1 and Sept. 1.
months from Sept. 1 1913 to
Burlington School District (P. O. Burlington Bes Moines
County, Iowa.— Bonds \'otrd.— At tlie eledion held March 11
the is>nam*'‘ of $150,000 high-school -building bonds was
authorized by a majority of 1 ,007 votes.
Burtrum School Dstrict No. 90 (P. O. Burtrumr, Todd
County, Minn. -.-Bond Sole.
On March 2 $1,000 4r, heat¬
ing and ven t ila t ing bonds v. * re a wardei! t o t he St a l e ot M imie-
Interest annually on
inclusive.
Camp Hill School District (P. 0. Camp Hill), Cumberland
County, Pa.—Bond Offering. — Proposals were asked for up
to 12 m. yesterday (March 22) by J. Ed. Wilson, Secretary
of Board of Education, for $12,000 coupon building bonds.
Date April 1 190/.
Denomination $100, $500 and $1,000.
Interest (rate*to be named in bids) payable semi-annually at
Bonds mature
the Cumberland Valley Bank in Lemovne.
at
Julv I.
sota
par.
Denomination $100.
Maturity from 1911 to 1920
in 1927 and an* subject to call after 1917.
this issue*.
Assessed valuation $382,000.
this offering was not known to ih at the
Bonded debt;
The result of
hour of going to
press.
Cane Mav, Cane May
The City Couivi! is
C<mrty, N. J.—Bonds Proposed.—
considering the advisability of issuing
$40.000'improvement bonds.
THE CHRONICLE
706
Carthage, Jasper County, Mo.—Bonds Voted.—This city
March 13, bv a vote of 1,146 to 274, authorized the issu¬
ance of $220,000 5% water-plant bonds.
Cedar Rapid?, fLinn County, Iowa.—Bond Offering.—Pro¬
posals will be lec -ived until 12 m., March 25, by T. Devendorf, City Treasurer, for $125,000 4% coupon city-hall
bonds.
Denomination $1,000.
Maturity $5,000 jrearly.
Centralia, Boone County, Mo.—Bonds Voted.—This city
recently authorized the issuance of water-works and electriclight bonds by a’ vote of 423 to 39.
Chagrin Falls, Cuyahoga County, Ohio.—Bonds Voted.—
The election March 12 resulted in favor of the proposition to
issue
$18,000 sewage-disposal-plant and sanitary-sewer
system bonds, by a vote of 375 to 99.
Chambers County (P. O. Wallisville), Tex.—No Action
Yet Taken.—No action has yet been taken in the matter of
calling an election to vote on the question of issuing the $50,000 4% bridge-building bonds mention of which was made
in V. 84, p. 463.
Champaign County (P. O. Urbana), Ohio.—Bond Offering.
—Proposals will be received until 10 a. m., April 3, by C. E.
Russell, County Auditor, for the following bonds:
on
Denomination $140.
Denomination $330.
$1,400 4% Harper Ditch bonds.
3,000 4% Kelley Ditch bonds.
The above bonds are dated April 3 1907.
Interest semi¬
annual.
Maturity one bond of each issue, every six months
from Oct. 3 1907 to April 3 1912 inclusive.
Charleston, Charleston County, S. C.—Bond Offering.—
Proposals will be received until 12 m., May 15, by the City
for $1,000,000 4% coupon refunding bonds.
Bids are requested as follows:
Treasurer
For the purchase of all or any portion of $1,000,000 4% 30-year coupon
refunding bonds, payment to be made In bonds maturing January and
July 1900, with all coupons falling due subsequent to July 1 1907 attached
thereto; any premium bid to be payable In cash.
Settlements to be made
July 1 1907.
For the purchase of all or any portion of $1,000,000 4% 30-year coupon
refunding bonds, payment to be made In cash; said bonds, however, to.be
Issued upon cancellation of similar amounts of the 4% coupon bonds falling
due Jan. 1 or July 1 1909, which may be held by the city or which may be
purchased by it.
Tenders
also
requested for the sale to the city of all
part of the $1,000,000 4% coupon bonds now out¬
standing and maturing Jan. 1 or July 1 1909; all coupons
falling due after July 1 1907 to be attached. Payment to
be made July 1 1907 in cash.
Interest on the new bonds will be payable Jan. 1 and July 1
Successful bidder to deposit a certified check or surety bond
for 5% of the amount of bid awarded to him.
These bonds
are exempt from State, County and City taxes, and in the
hands of banks in Charleston exempt their shareholders
from all taxes to the extent of the holding as is now the case
with 4J4% Brown State bonds.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Chatham, Conn.—Bond Bill Passes Legislature.—The State
Legislature has passed the bill providing for the issuance
of $72,000 5% refunding bonds.
Chatham, Pittsylvania County, Va.—Bond Election Pro¬
posed.—An election will be held shortly to vote on the "ques¬
tion of issuing $3,000 additional high-school-building bonds.
Chattanooga, Hamilton County, Tenn.—Bonds Voted.—
or
are
any
The election held March 12 resulted in favor of the propo¬
sition to issue $1,000,000 street, sewer, park, funding, fire,
police and city-hall bonds.
Chemung County (P. O. Elmira), N. Y.—Bond Sale.—On
March 20 the $26,480 4% 3 2-3-year (average) land bonds,de¬
scribed in V. 84, j). 585, were awarded to English & Co. of
Elmira at 100.021.
A bid
Kean of Chicago at par less
Cherokee
was
also received from S. A.
1% for expenses.
County (P. O. Columbus), Kan.—Bonds Pro¬
posed.—The issuance of refunding bonds is being considered.
Cherry vale, Montgomery County, Kan.—Bond Election.—
An election will be held in April to vote on the question of
issuing $15,000 city-hall bonds.
Cincinnati, Hamilton County, Ohio.—Bonds A uthorized.—
On Feb. 25 the City Council passed Ordinance No. 1,810
providing for the issuance of $4,500 3.65% coupon Butler
Denomination $500. Date
street-improvement bonds.
March 15 1907.
Interest semi-annually at the office of the
City Treasurer. Maturity March 15 1927.
Bond Sides.—Since the first of theyearthefollowingbonds,
aggregating $134,613, have been purchased by the Sinking
Fund:
January.
$14,000 00 4% city stable bond dated Dee. 1 1900 and maturing In 1920
11,801 54 4% 1-10-year (serial) Purcell Avenue assessment bonds dated
Dee.
27 1906.
(serial)
5,088 00 4% 1-10-year
Dee.
27
Pearl
Street
assessment
2,156 00 4% 1-10-year
(serial)
Jan. 3 1907.
489 10 4% 1-10-vear (serial)
Jan. 3 1907.
6,559 70 4% 1-10-vcar (serial)
Jan. 25 1907.
472 40 4% 1-10-vear (serial)
Jan. 25 1907.
Vernon Street assessment bonds dated
Jackson Street assessment
25
bonds dated
Strader Avenue assessment bonds dated
Eighth Street assessment bonds dated
bonds dated
1907.
9,151 56 4% 1-10-ycar (serial)
dated Feb.
14
February.
$10,000 00 4% flood emergency bond dated Feb.
Spring Grove Avenue assessment bonds
1907.
1
1907
LXXXIV.
,
and maturing
In 1909.
March.
$60,000 00 3.65% water-main-extension bond dated Feb. 25 1907 and ma¬
turing In 1937.
7,000 00 3.65% Main Street extension bond dated Feb. 25 1907 and ma¬
turing In 1932.
Clarksville, Montgomery County, Tenn.—Bond Offering.—
Proposals will be received until 12 m., March 28, by M. C.
Northington, Mayor, for $25,000 4% coupon high-school
bonds.
Authority, Act of Senate passed Feb. 18 1907.
Denomination $500.
Date April 1 1907.
Interest semi¬
annual.
Maturity April 1 1927, subject to call after April
1
1912.
Cleveland, Cuyahoga County, Ohio.—Bonds Authorized.—
ordinance authorizing
On March 4 the City Council passed an
the issuance of $300 000 water bonds.
Cloverdale School District (P. O. Cloverdale), Putnam
County, Ohio.—Litigation.—The Common Pleas Court has
decided in favor of the issue of $8,000 6% school-building
bonds mentioned in V. 84, p. 288.
We are informed that
the case has been carried to a higher court and will be tried
some time in April.
Concord, Cabarrus County, No. Caro.—Bond Sale.—On
March 19 the $100,000 5% 30-year coupon funding bonds
described in V. 84, p. 585, were awarded to the Security
Trust Co. of Spartanburg at par.
Conway, Horry County, S. C.—Bonds Not Yet Sold.—No
sale has yet been made of the $30,000 20-40-year (optional)
coupon public-improvement bonds offered without success
on Jan. 22.
For description of bonds see V. 83, p. 1605.
Cumberland, Providence County, R. I.—Bonds Proposed.
—At a special meeting held in this town Feb. 27 a resolution
was passed directing the
town officials to apply to the
General Assembly for authority to issue $200,000 funding
bonds, at not exceeding 4% interest. Maturity twenty-five
years.
Interest semi-annual.
Dayton, Montgomery County, Ohio.—Bonds Authorized.—
The City Council recently passed an ordinance providing for
the issuance of $4,500 5% 1-year market-place bonds dated
March 1
Interest semi-annual.
1907.
Dayton, Rhea County, Tenn.—Bond Election .—An election
on t he, question of issuing
$12,500 school-building bonds, under authority of a special
Act recently passed by the State Legislature.
Deer River, Itasca County, Minn.—Bond Sale.—On
March 12 the $9,000 electric-light-plant bonds described in
V. 84, ]). 524, were awarded to Caledonia Investment Co.
will be held March 30 to vote
of St. Paul.
De Funiak Springs, Walton County, Fla.—Bond Offering.
—Proposals will be received until 12 m. April 20 by D. S.
Gillis, Town Clerk, for the following bonds:
$3,000 5% sewer bonds.
Denomination $100.
10,000 5% school-building bonds.
Denomination $500.
20,000 5% water works bonds.
Denomination $1,000.
"Authority General Laws of the State of Florida. Date
May 15 1907. Interest semi-annually on Jan. 1 and July 1.
Maturity May 15 1927. Certified check for 5% of the
amount bid for is required.
Douglas, Cochise County, Ariz.—Bond Sale.—On Jan. 2
$75,000 6% sewer bonds were awarded to John Nuveen &
Co. of Chicago at par and accrued interest.
Denomination
81.000.
Date
Jan.
1907.
1
Interest
semi-annual.
Ma¬
turity $3,000yearly on Jan. 1 from 1913 to 1937.
Douglas School District No. 17, Converse County, Wyo.
—Bond Offering.—Proposals will be received until March 30
by (’. F. Maurer, Clerk, for $3%500 building and $1,500 re¬
funding 5% coupon bonds. Authority, Sections 570 to 580
inclusive of. the Revised Statutes of 1889 and Sections 581
Denomi¬
to 592 inclusive of the Revised Statutes of. 1899.
nation $500.
Date April 1 1907.
Interest semi-annually
at the County Treasurer’s office.
Maturity April 1 1927,
subject to call after April 1 1912. Bonds are tax-exempt .
East Troy, Walworth County, Wis.—Bond Sale.—On
March 18 the $10,000 3)h% 1-'20-year (serial) water-works
bonds described in V. 84, p. 586, were awarded to John P.
Chalinat at 100.01.
A bid
was
also received from Wilmer Bros.
Election.—An elec¬
question of issuing
$170,000 5% 20-10-year (optional) street-opening, school and
El Paso, El Paso County, Tex.—Bond
tion will be held March 30 to vote on the
storm-sewer bonds.
Elyria,
Lorain County, Ohio.—Bonds Authorized.—On
Council passed ordinances providing for
following bonds:
March 5 the (Tty
the issuance of the
$25,000 4% coupon- water-works-improvement bonds.
Maturity $5,000
yearly on Marcli 1 from 1919 to 1923 Inclusive.
25,000 43-2% coupon bridge bonds.
Maturity $5,000 yearly on March 1
from 1910 to 1914 inclusive.
20,000 4 ?2% coupon
March
1
pavement
from
bonds.
Maturity
54,000
yearly
on
1909 to 1913 inclusive.
Denomination $1,000.
Date March 1 1907. Interest
semi-annually at the office of the United States Mortgage
& Trust Co. of New York City.
Ensley, Jefferson County, Ala.— Bonds Proposed.—The
City Council is considering the advisability of issuing $100,000
sanitary-storm-sewer and school-house bonds.
Erie County (P. O. Buffalo), N. Y.—Bond Offering.—Pro¬
posals will be received until 11 a. m. to-day (March 23) by
Charles J. Fix, County Treasurer, for the $250,000 4%
*
7,294 04 4% 1-10-year (serial) Sachem Avenue assessment
Jan.
bonds dated
1900.
[VOL.
Mar. 23
armory-completion bonds offered but not sold on Feb. 9.
Authority, Chapter 256 and 277, Laws of 1900, and Chapter
Date April 1
.393, Laws of 1904. Denomination $25,000.
Interest semi-annually at the office of the County
1907.
Treasurer.
Maturity $25,000 yearly on April 1 from 192b
to 1929 inclusive.
Certified check for 2% of the bonds,
to
payable
the County Treasurer, is required. Bonds will
be delivered April 1.
The report that these bonds had been
disposed of is evidently in error.
of the bonds bid
forms furnished b\'
Minn.—Bond Sale.—Arrange¬
State of $20,000
city-hall bonds. These bonds take the place of those
awarded on Oct. 2 1906 to F. E. Magraw of St. Paul, which
Hastings, Barry County, Mich.—Bond Offering.—Pro¬
posals will be received until 2 p. m., April 3, b}r James M.
Patton, City Clerk, for the $35,000 4% paving bonds de¬
scribed in V. 84, p. 407.
Authority, election Dec. 27 1906.
Denomination $1,750.
Interest semi-annualty at the City
Treasurer’s office.
Maturity $1,750 yearly on Sept. 1 from
District No. 6 (P. O. Falconer),
description of which was given in V. 84, p. 464, were awarded
stated, to W. J. Hayes & Sons of Cleveland at 105.42.
Fall River, Bristol County, Mass.—Bond Sale.—On March
20 $135,000 4% 10-year municipal loan and $50,000 sewer
loan 4% 30-year registered bonds were awarded to Estabrook
& Co. of Boston at 100.035 and interest—a basis of about
3.997%. Following are the bids:
Estabrook & Co., Boston._n$100.035 !Blodget, Merritt & Co., Bos_i>100.827
N. W. Harris & Co., BostonalOO.OOO I Blake Bros. &Co., Boston__.bl00.57
it is
|
For sewer bonds only.
multiple. Date March 1 1907.
Interest semi-annually by check.
Fergus Falls, Minn.—Bond Sale.—Local papers state that
the State School Fund has purchased $80,000 water-works
Denomination $1,000 or
bonds of this
place.
Proposed.—A bill is before the
providing for the issuance of $150,000 4%
Fitchburg, Mass.—Bonds
State Legislature
water bonds.
the county.
The
Chautauqua County, N. Y.—Bond Sale.—On March 11 the
$32,500 5% coupon or registered school-building bonds, a
R. L. Day & Co., Boston., bio 1.197
a For all or none of the bonds,
b
bank and made
Gulfport, Harrison County, Miss.—Bonds Authorized.—
City Council has authorized the issuance of $18,000
school-building bonds.
made for the sale to the
sale was never consummated.
Falconer Union Free School
for, drawn on a national
payable to J. N. Fiy, Treasurer, is required. Accrued in¬
terest to be paid b\' purchaser.
Bids must be made on blank
Fairmont, Martin County,
ments have been
707
THE CHRONICLE.
1907.]
Flemingsburg, Fleming County, Ky.—Bond Offering.—
Proposals will be received until 12 m. April 1 by H. A.
Kackley, City Clerk, for $5,000 5% city-building bonds.
Denomination $500.
Date April 1 1907. Interest annually
at City Treasurer’s office.
Maturity $500 yearly on April 1
from 1908 to 1917 inclusive.
Certified check for $100 is
1907 to 1926 inclusive.
Hector School District, Renville County, Minn.—Borid
Sale.—This district has sold to the State School Fund the
voted on March 2.
Holly, Oakland County, Mich.—Bond Sale.—On March 4
the $15,000 5% coupon water-works bonds described in
V. 84, p. 525, were awarded to Trowbridge & Niver Co. of
Chicago for $15,400 (102.666) and accrued interest. Pur¬
chaser also pa}rs expense of delivery in Chicago and furnishes
$S,000 school-building bonds
blank bonds.
Holly Beach City, Cape May County,
N. J.—Bond Sale.—
20-year redemp¬
On March 13 this borough sold $20,000 5%
tion bonds.
Denomination $500.
Date
Interest semi-annually at
wood
April 1 1907.
the Marine National Bank of Wild¬
.
Hollywood, Lop Angeles County,
Cal.—Bonds Voted.—
The election held March 4 resulted in favor of the proposition
to issue $100,000 4}^% 15-year street-improvement
The vote was 272 “for” to 13 “against.”
The bonds will
be offered for sale, we are informed, in about four weeks.
bonds.
Houma, Terrebonne Parish,
March 5 the Board of Aldermen
ing for the issuance of
La.—Bonds Proposed.—On
an ordinance provid¬
passed
$30,000 waler-works-extension
Maturity $3,000 yearly.
Hudson County (P. O. Jersey City), N.
bonds.
J.—Bonds Pro¬
posed.—The County Park Commissioners have requested
the Board of Freeholders to issue $500,000 park bonds.
required.
Hunter, Greene County, N. Y.—Bond Sale.—On Feb. 4
Florence School District, Florence County, S. C.—Bond $18,000 4% 4-21-year (serial) funding bonds were awarded
Offering.—Proposals will be received until 12 in. March 26 at par, $13,000 to the Catskill Savings Bank of Catskill,
by J. L. Mann, Superintendent of Schools, for $35,000 5% and $5,000 to a local investor. Denomination $1,000. Date
school-house bonds.
Maturity 20 years. Certified check Feb. 1 1907. Interest annual.
for $500 is required.
Huntingdon, Carroll County, Tenn.—Bond Election Pro¬
Floresville, Wilson County, Tex.—Bonds Registered.—On posed.—The Mayor and Board of Aldermen are considering
March 8 $4,000 4% water-works bonds dated Oct. 15 1906 the advisability of submitting to a vote of the people the ques¬
were registered by the State Comptroller.
Maturity $2,000 tion of issuing bonds for improving the streets.
and $2,000 in thirty-six years,
subject to
Pa.—Boivd Offering.—Proposals
March 25 by the Finance Com¬
Fort Frances, Ont.—Debentures Not Sold.—No sale was mittee, at the office of John S. Taylor, Clerk of Council, for
made on Feb. 26 of the $43,500 414% water-works deben¬ $20,000 4% coupon paving bonds.
Denominations $1,000
and $500.
tures described in V. 84, p. 351.
Date Jul\r 2 1906. Interest semi-annually at
Maturity July 2 1936,
Fort Wayne, Ind.—Temporary Loan.—This city has bor¬ the office of the Borough Treasurer.
subject to call on an}' interest-paying date after July 2 1916.
rowed $25,000 for water purposes.
Bonds are exempt from tax".
Frankfort, Benzie County, Mich.—Bond Sale.—This
lone, Morrow County, Ore.—Bond Sale.-— On March 6 the
village has awarded $9,397 50 5% water-works refunding
bonds to the Benzie County State Savings Bank of Frank¬ $4,000 6% 20-30-year (optional), gold coupon electric-liglitfort'.
plant bonds offered without success on Jan. 2 (V. 84. p. 288)
were
awarded to the Bankers’ <fc Lumbermen’s Bank of
Franklin County (P. O. Winchester), Tenn.—Bond Elec¬
Portland at par.
Securities are dated Jan. 15 1907.
tion.—The Election Commissioners have been asked by the
Ironton, Lawrence County, Ohio.—Bond Offering.—Pro¬
Good Roads Committee to call an election for March 28 to
posals will be received until 12 m. April 16 by F. A. Ross,
vote on a proposition to issue road and pike bonds.
Fredericktown School District (P. O. Fredericktown), City Auditor, for $19,000 4%, coupon building bonds.
Authority Section 2835 of the Revised Statutes. Denomi¬
Madison County, Mo.—Bond Offering.—Proposals will be
nation $1,000.
Date April 1 1907. Interest semi-annually
received until 12 m. April 2 1)3' the school Board for $25,000
at the National Park Bank in New York City.
Maturity
5% 5-20-year school-house bonds. Authority vote of 389
April
1
Accrued
to
be
paid
\)y
purchaser.
1927.
interest
to 124 at election held April 3 1906.
Denomination $500. Certified check for $100, payable to City Treasurer, is re¬
Date April l 1907.
Interest annually at the office of the quired
District Treasurer.
Certified check for $250, payable to the
Kane, McKean County, Pa.—Description of Bonds.—The
District Treasurer, is required.
Bonded debt $0,750,- of
which $750 will be paid in May 1907.
Assessed valuation $11,300 5% funding bonds, disposed of by this borough on
1906 $1,049,696.
E. A. Sample is Secretary of the School March 4, as stated in last week’s issue, were taken b}r the
in eighteen years
call at any time.
Indiana, Indiana County,
will be received until 12 m.
.
District.
Fullerton, Orange County, Cal.—Bond Election.—Steps
are being taken by the City Trustees to call a special election
to vote on the issuance of $80,000 5% street-improvement
Board and Clerk of the
bonds.
Greensboro, Guilford County,
March 12 the issuance
bonds was authorized
not
N. C.—Bonds Voted.—On
of $30,000 5% 30-year school-building
by a vote of 491 to 7. Date of sale
yet determined.
Greensboro), N. C.—Bond Offering.
Proposals will bo received until 3 p. m. April 1 by John L.
King, Chairman of Flighwav Commission, for $60,000 5%
coupon highwa>T-improvement bonds.
Denominations: 50
bonds of $1,000 each, 19 bonds of $500 each and 5 bonds of
Guilford County (P. O.
semi-annually at
June 1 1933. Bonds
the United States
Mortgage'& Trust Co. of New York City and their legality
has been approved by ,T. 11. Caldwell of New. York City and
John N. Wilson of Greensboro, whose opinion as to legality
will be furnished to the purchaser.
Certified check for 2%
$100 each.
Date Juno 1 1903. Interest
the County'Treasurers office.
Maturity
have been certified to as to genuineness by
$11,600—the price
being 102.655. Denomination $500. Date Feb. 1
Maturity $1,000 yearly be¬
Interest semi-annual.
First National Bank of
thus,
1907.
Port Alleghany for
ginning Feb. 1 1909.
Kansas City School District (P. O. Kansas City), Kan.—
Bond Sale.—On March 18 the $200,000 4^% 20-year coupon
school-building bonds described in V. 84, p. 586, were awarded
to the Commercial National Bank of Kansas City at 102.08
and accrued interest—a basis of about 4.344%.
Following
arc
the bids:
Commercial Nat. Blc., Kansas_t02.08
John Nuvecn & Co., Chicago..100.95
Kingman, Kingman
No award was. made on
year
(optional)
IMacDonald,McCoy&Co. ,ChIc_100.ri5
|W. J. Hayes & Sons, Cleve—
99.00
County, Kans.—Bonds Not Sold.—
March 18 of the $13,000 5% 15-30-
water-works-extension bonds described in
647. Bids of par were received from John Nuveen
Chicago and the State School Fund. ^
La Crosse, La Crosse County, Wis.—Bond Election.—At
the municipal election April 2 the question of issuing $65,000
4% auditorium construction bonds will be submitted to the
people.
V. 84, ]).
& Co. of
708
THE CHRONICLE.
La Grande, Union County, Oregon.—Bonds
the election of March 11 this city authorized the
Voted.—At
issuance of
$160,000 water and light bonds by a vote of 306 to 125.
Laguna School District, Los Angeles County, Cal.—Bond
Offering.— Proposals will be received until 2 p. m. March 25
by the Board of Supervisors for $5,000 5% 1-10-year (serial)
bonds.
Lancaster School District (P. O. Lancaster;, Pa.—Bond
Offering.—Proposals will be received until 4 p. m. March 26
by if. A. Schroyer, District Treasurer, for $60,000 4% gold
coupon school-building and refunding bonds.
Denomination
$1 ,000.
Date Jan. 15 1907.
Interest semi-annually at the
Treasurer’s office.
Maturity $20,000 on Jan. 15 1932,
$20,000 on Jan. 15 1933 amf$20,000 on Jan. 15 1935.
Cer¬
tified check for 2%, payable to H. A. ►schroyer, District
Treasurer, is required. Bonds are exempt from taxation.
Larimore, Grand Forks County, N. D.—Bond Election.—
The City Council has adopted a resolution to submit to a vote
of the people the question of issuing water-works bonds.
Election will be held April 1.
Lawrence County (P. O. Deadwoodj, S. D.—Bonds Au¬
thorized.— The Board of County Commissioners on Jan. 22
adopted a resolution authorizing the issuance of $235,550
5% coupon refunding bonds. Denomination $1,000. Date.
Nov. 1 1907.
Interest semi-annually at the County Treas¬
urer’s office
City.
or
at the
Maturity Nov.
Fourth National Bank of New York
1 1927, subject to call Nov. 1 1917.
Lawton, Comanche County, Okla.— Bonds Voted.—At
an
—
House Commissioners.
Leeds, Benson County, N. D.—Bond Sole.—On March 1
3-LS-year (sorial) coupon water-works bonds
V. Si, p. 465, were awarded to the Board of
University and School Lands of North Dakota at par for
the $8,000
described in
4 per
cents.
Livingston School District No. 4 (P. O. Livingston),
County, Mont.—Bond Offering.—Proposals will be
received until S p. m. April 9 by Frank Beley, Chairman, for
$18,000 gold coupon bonds at not exceeding 414% interest.
Authority (‘lection held March 2 1907. Denomination $1,000.
Date July 1 15)07.
Interest semi-annually in New York City.
Maturity July l 1927, subject to call after July 1 1917.
Certified check for $500, payable to Frank Beley, is required.
Lohrville, Calhoun Co., Ia.—Bond Offernig.—Proposals
will be received until April 15 by Hugh Baird, City Clerk, for
$5,000 5 Jo % gas-light bonds. Authority Section I, Chapter
45), Laws of 1906.
Denomination $500.
Date May 1 1907.
Maturity May 1 1927, $1,000 being subject to call after May 1
15)12 and $4,000 after May 1 15)17.
Certified check for $200
is required.
Bonded debt, including this issue, $9,500.
Assessed valuation $117,875; real value (estimated), $471,Park
500.
Lorain,
Lorain
County, Ohio.—Bonds Authorized.—On
City Council authorized the issuance of $4,840
6% side-walk-construction bonds.
Denomination $1,000
except one bond for $840.
Date January 1 1907. Interest
semi-annually at the office of the City Treasurer. Maturity
March 4 tin*
$1,000 each six months from March 15 1908 to March
1909 inclusive and $1 ,840 on Sept. 15 1909.
15
LosFeliz School District, Los Angeles County, Cal.—Bond
Of firing.—Proposals will be received until 2 p. m. March 25
by the Board of Supervisors for $10,000 5% l-10-vear (serial)
b< mds.
Los Gatos School District,
Bond Offering. —Proposals will
Santa Clara County, Cal.—
be received until 11 a. m.
April 1 by F. E. Mitchell, Chairman of the Board of Super¬
visors (P. O. San Jose), for the $30,000 4}-o% gold coupon
high-school building bonds (mentioned in V. 84, p. 526).
Denomination $1,000.
Date April 1 1907.
Interest semi¬
annually at County Treasurer’s office.
Maturity $2,000
yearly on April 1 from 1913 to 1927 inclusive. Accrued in¬
terest to be paid by purchaser.. Certified check for 5% of
the amount of bonds bid for, payable to
ex-officio Clerk of Board of Supervisors, is
Heury A. Pfister,
required.
Lumberton, Robeson County, N. C.--Bond Sale.—On
March 1 the $20,000 water-works-extension and $5,000 elec¬
tric-light-extension 20-30-year (optional) gold coupon bonds
described in V. 84, p. 408, were awarded to John Nuvcen &
Co. of Chicago at 100.20 for 5*4s.
Madison, Morgan County, Ga. — Bonds Voted.—An elec¬
tion held March 15 resulted in favor of a proposition to issue
water-works bonds.
Mahoning County (Ohio) Road District No. 1.—Bonds Not
was made on March 20 of the $100,000
4%
Sold. — No sale
LXXXIV.
road-improvement bonds, a description of which was given
84, p. 526.
Mamaroneck, Westchester County, N. Y.—Bond Offering.
—Proposals will be received until 8:30 p. in., March 25, by
Charles W. Huckster, Village Clerk, for $60,000 5% paving
bonds at
not
exceeding 5% interest. Denominations
$1,000 and $400. Date April 1 1907. Interest semi-annual.
Maturity $2,400 yearly on April 1 from 1912 to 1936 inclu¬
sive.
Certified check, payable in New York City, for 10%
of bonds, is required.
in V.
Mamaroneck Union Free School District No. 1
(P. O.
Mamaroneck), N. Y.—Bond Offering.—Proposals will be re¬
ceived until 8:30 p. m. April 2 by C. M.
Bingham’, District
Clerk,
for $41,000 registered school-house-addition bonds
exceeding 5% interest. Denomination $2,050. Date
M ay 1 1907.
Maturity one bond yearly on May 1 from 1911
to 1930 inclusive.
Certified check for 5% of bid, drawn on a
State or national bank or trust company, is required. These
at not
bonds were offered as 4s
that day were rejected.
on
Feb. 5 and all bids received
on
See V. 84, p. 351.
Manitowoc, Manitowoc County, Wis.—Water-Works Elec¬
tion.—The following in regard to the proposed water-workssystem is taken from the St. Paul “Pioneer Press”:
Manitowoc, Wis., March 14.—Mayor Henry Stol/.c won a great victory
special election, where the question of building a new water-works
plant to be owned and operated by tiie city was carried by a vote of 1,589
to 532.
The negative votes favored the purchase of the present
plant
owned by a private corporation, which oirered it to the city at its
appraised
at the
value of $235,389.
Marlin, Falls County, Tex.—Bond Offering.—Proposals
election held March 12 if
was decided to issue the $260,000
5% 30-year water-works and sewer-system-extension bonds
of which mention was made in V. 84, p. 647.
Lee County (P. O. Bishopville), So. Caro .—Bond Offering.
Proposals will be received until 12 m. April 2 by H. W.
McLendon, Chairman of Court House Commissioners, for
$40,000 coupon 'court-house bonds.
Bids to be based on
bonds carrying 4)^% or 5% interest.
Denominations $500
and $1,000.
Date Fob. I 1907. Interest annually at
place to be named by purchaser. Bonds, are exempt from
taxation.
Maturity Feb. 1 1937, subject to call after Feb. 1
1922.
Bids must include expense of printing and issuing
bonds and must be accompanied by a check for 5% of the
bonds, payable to It. \Y. McLendon, Chairman of Court
[VOL.
will be received until 12 m. April 3 by I. L.
Peterson, Mayor,
for the $16,001) 1% coupon
water-works-improvement bonds
mentioned in V. 84, p. 408.
Denomination $500. Date
Feb. 1 15)07.
Interest semi-annually at the office of the
City
Maturity Feb. 1 1947, subject to call Feb. 1
15)12.
Certified check for $200, payable to the
“City of
Marlin,” is required.
Marquette County (P. O. Marquette), Mich. — Bond Sale.—
This county, it is stated, has awarded $100,000 road-improve¬
ment bonds to
Farson, Sou & Co. of Chicago at 102.28
Treasurer.
and accrued interest.
Marshall, Harrison County, Tex.—Bond Sole.—On March
14 the $45,000 5%, 10-40-ycar (optional)
city-hall bonds de¬
scribed in V. 84. [>. 520, were awarded to
Spitzer A Co. of
Toledo for $40,033 (102.295) and accrued interest—a- basis
of about 4.71 % to the optional elate and about
4.87% to full
maturity.
Marshall County (P. O. Lewisburgi, Term.—Bond Elec¬
tion Pro posed.—There i< talk of calling an election to vote on
the question of issuing 8100.000 road bonds.
Massachusetts. '-Bond Offering.—Proposals will be re¬
ceived until 12 in. April 3 by Arthur B. Chapin, State
Treasurer and Receiver-General, for the following bonds:
$22,000 3 32% cold Mi-diield insane asylum loan.
Maturity April 1 1936.
250.000 3 y> % pro Id abolition of grade'crossing's loan.
Maturity Nov. 1
1936.
65,000
126,000
230,000
300,000
300,000
3*2%
3*v%
3 \i %
3*2%
3 32 %
300.000 3 32%
gold
gold
gold
gold
hospital for epileptics loan.
Maturity Nov. 1 1936.
prisons and hospital loan.
Maturity Nov. 1 1936.
armories loan.
Maturity March 1 1937.
Metropolitan sewerage loan.
Maturity Jan. 1 1946.
gold Metropolitan park loan.
Maturity Jail. 1 1947.
cold Metropolitan parks, series 2, loan.
Maturity Jan. 1
1947.
1,150,000 3 Vi % gold Charles River Basin loan.
Maturity Jan. 1 1947,
360,000 3 *2% gold highway loan.
Maturity $12,000 yearly on April 1
from 1908 to 1937 Inclusive.
180,000 3 *2 % gold Suffolk County court-house loan.
Maturity $6,000
yearly on March 1 from 1908 to 1937 inclusive.
Bids will be received for registered bonds, except $300,000
of the Charles River Basin bonds, which will be coupon
if
requested. “In case coupon bonds art' issued, negotiable
interim certificates will be issued ponding the printing of the
bonds.” ..Certified check on a national ban!;-or trust com¬
pany doing business in the Commonwealth of Massachusetts
New York City for 2'J of the amount bid for. payable to
the Stale Trea-iirer and Receiver-General, is
required.
Securities will hi- delivered $1,283,000 on or before May 1
1907, $1,000,000 on or before July 10 1907 and.the remainder on or before Sept. 4 1907.
or
Medina, Orleans County, N. Y.—Bond Offering.—Pro¬
posals will be received until 7:30 p. m. March 26 by AY. B.
Eckert, Village Clerk, for $60,000 sower bonds, at not ex¬
ceeding; 5% interest.
Maturity one-fifth yearly on Aug. 1
from
1908 to
15*12 inclusive.
Certified check for cash) for
5% of the amount of bonds bid for, payable to the Village
Treasurer, is required.
Purchaser will be acquired to take
$40,000 of the bonds within ton days from date of sale, and
to take and pay for so much of the remainder of bonds wit hin
three months from date of sale from tinie to time but as may
necessary in the judgment of the Board of Trustees
for the construction of the sewer system.
seem
Memphis School District (P. 0. Memphis), Tenn.—Bond
Offering.—Proposals will lx* received iimil 12 m. April 8 by
A. B. Hill, Secretary of Board of Education, for $150,000
4% coupon bonds, with the understanding that the pur¬
chaser will take an additional $50,000 at the same price if
the
Board of Education desires to sell such
amount.
an
additional
Authority.-House Bill No. 294, of the Acts of the
Legislature, .approved Feb. 12 15)07. Securities will be dated
April 1 1907. Interest semi-annually in Memphis. Ma¬
turity April 1 15)47. Certified check on a Memphis Bank for
$3,000, payable to A. B. Hill, Secretary of Board of Educa¬
tion, is required.
(
6
p.
1911.
hall bonds.
Norfolk School District (P. 0. Norfolk), Madison County,
Neb.—Bonds Authorized.—The Board of Education has au¬
thorized the issuance of §24,900 school-house bonds.
Milwaukee, Milwaukee County, Wis.—Bond Sale.—On
March 20 the §100,000 west sewerage, §50,000 south sewer¬
§110,000 permanent street-improvement
Toledo
289, were awarded to Spitzer & Co. of
at par.
Denomination §1,000.
Date May 1 1900. Interest semi¬
annual.
Maturity May 1 1930, subject to call after May 1
Milledgeville, Baldwin County, Ga.—Bonds Defeated.—
March 12 resulted in the defeat of the
proposition to issue §50,000 5% 30-year paving and city-
The election held
age,
709
THE CHRONICLE.
Mae. 23 1907. |
and §10,000
North Adams, Mass.—Bonds Proposed.—This city seeks
public bath 4% coupon bonds were awarded to the Citizens’
Trust Co. of Milwaukee for §271,150 (100.425) and accrued legislative authority to issue §100,000 water bonds outside
interest—a basis of about 3.95%.
A bid of §270,270 was the debt limit.
also received from S. A. Kean of Chicago.
Authority Chap¬
Northfield, Vt.—Bond Offering.—This city is issuing
ters 40b and 41 of the Wisconsin Statutes of
1898. De¬ §80,000 33^% coupon water bonds. We are informed that
nomination §1,000 and §500.
Date Jan. 1 1907. Interest one-half of the issue has been disposed of and that subscrip¬
semi-annually at the office of the Cityr Treasurer or at the tions for the unsold portion will be received by Charles A.
Morton Trust Co. in New York City.
Maturity one-twen¬ Edgerton/ Agent. Denomination §500 and §1,000. Date
March 1 1907.
Interest semi-annually at the Northfield
tieth of each issue yearly.
National Bank.
Maturity §2,000 yearly from 1910 to 1915
Monroe County (P. O. Bloomington), Ind.—Bond Sale.—
inclusive,
§4,000
in
1910, §4,000 in 1917 and §3,000 yearly
On March 20 the §54,000 3Bi% 14}4-ycar (average) coupon
Bonds are exempt from taxa¬
court-house bonds described in V. 84, p. 46G,' were awarded from 1918 to 1937 inclusive.
Official circular states that the rents of the watertion.
to Bloomington National Bank of Bloomington at 102.50
and accrued interest:—a basis of about 3.283%.
Following plant are pledged to pay the interest on the bomjs and that
the balance of the income, beyond cost of maintenance ai^.1
are the bids:
Bloomington Nat.Bk.,Bl_ _$55,350 00' E.M.Campbell&Co.,Ind.-$54,5,17 00
yearly extensions not to exceed §500, is pledged to the sink¬
J. F. Wild & Co.. Ind
55.007 00 i Harris Tr.&Sav.Bk., Chic. 5-1.307 53
Chas. C. Wedding <5cCo___ 54,040 001 Dick Miller & Co
54,305 50 ing fund to retire the bonds as they mature. Bonded debt
at present §30,000.
J. T. Elliot & Sons, Ind-_ 54,892 60|R. Kleybolte & Co., Chic. 54,250 00
Montevideo, Chippewa County, Minn.—Bond Sale.—The
Norwalk, Conn.—Bond Bill Passed by Senate.—Bills pro¬
State of Minnesota recently purchased at par §7,000 4%
viding for the issuance of §150,000 bonds and of §35,000 sewer
water bonds of this village.
Denomination §1,000. Date bonds have passed the Senate.
March 4 1907.
Maturity §1,000 yearly
Interest annual.
Oakley, Hamilton County, Ohio.—Bond Sale.—On March
on July 1 from 1912 to 1918 inclusive.
19 the §3,491 45 5% 1-10-year (serial) Madison Avenue
Moose Jaw, Sask.—Debenture Sale.—On March 11 the sewer-assessment bonds described in V. 84, p. 400, wen*
three issues of 5% debentures, aggregating §135,805 07,
awarded to Seasongood & Mayer of Cincinnati at 103.804
described in V. 84, p. 520. were awarded to Aemilius Jarvis and accrued interest—a basis of about 4.218%.
Following
& Co. of Toronto at 98.442 and accrued interest.
The bids are the bids:
were as
follows:
Aemilius Jarvis &Co.,Tor.$133,750
O. Leger, Montreal
134.507
001 National Trust Co., Ltd.,
01 | Saskatoon
$131,553
00
Seasongood & Mayer. Cln..$3,624 28 Provident Savings Bank &
Trust Co., Cincinnati
$3,581 19
Well, Roth & Co., Cln
3,613 95
Columbia Life Ins. Co., Cin. 3,613 65 Otis <Sc Hough, Cleveland.- 3,570 70
Oleander School District, Fresno County, Cal.—Bond OfSale.—On
school- feriny.—Proposals will be received until 2 p. m. April 2 by the
building bonds described in V. 84, p. 400, were awarded to Board of Supervisors for the §8,000 5% 1-10-year (serial)
Denomi¬
John Nuveen & Co. of Chicago at 104.15 and accrued in¬ school-building bonds described in V. 84, p. 527.
Moss Point, Jackson County, Miss.—Bond
March 15 the §10,000 0% 1-20-year (serial) coupon
basis of about 5.470%. •
Moultrie, Colquitt County, Ga.—Bond
nation §800.
terest—a
Election Proposed.—
that the Council will
the issuance
Local papers state that it is probable
call an election in the near future to authorize
of bonds for
paving purposes.
Sterling, Montgomery
Mt.
County, Ky.—Bond Election
Orilla, Ont.—Debenture
Offering.—Proposals will be re¬
ceived until 12 m. March 28 by C. E. Grant, Town Treas¬
urer, for §2,000 4}b% debentures.
Interest semi-annually
at the Traders’ Bank in Orilla.
Maturity part yearly for ten
years.
Osyka, Pike County, Miss.—Bids Rejected.—We are in¬
Proposed.—The City Council is making arrangements to call formed
that all bids received on March 5 for the §10,000
an election to vote on the question of issuing §100,000 300% town bonds, described in V. 84, p. 527, were rejected.
year street-improvement bonds.
The bids Avert' as follows:
Mount Vernon, Westchester County, N. Y.—Bond Sale.— Trlbbett Estate, Jackson
$10,152 IS. A. Kean, Chicago.$10,010
2,020
10,102 |H. M. Inle, (for $2,000)
On March 19 the §00,000 tax-relief and §33,000 school-tax- Thos. J. Bolger, Chicago
C. H. Coffin, Chicago
*10,051 |
relief 5% 3-year bonds described in V. 84, p. 047, were
And furnish bonds.
awarded to Adams & Co. of Boston.
Bond Offering.—Proposals are again asked for the above
Mount Vernon, Knox County, Ohio.—Bonds Authorized.— bonds and will be received until 8 p. m. April 2 by M. B.
On March 4 the City Council passed an ordinance providing
Varnado, Town Clerk. Date Feb. 5 1907. Maturity Fob.
for the issuance of §2.500 5% coupon Burgess Street paving 5 1927.
Bonds are exempt from tax. Certified check for
(city’s portion) bonds. Denomination §250. Date April 1 5% of the bonds bid for is required.
1907.
Interest annually at the office of the trustees of the
Palmer Township School District, Northampton County,
sinking fund.
Maturity §250 yearly on April 1 from 1908 Pa.—Bond Sale.—On March 9 the §5,000 5-10-year (optional)
to 1917 inclusive.
and '§8,000 10-20-year (optional) 4}X% coupon schoolNacogdoches, Nacogdoches County, Texas.—Bonds Voted. building bonds described in V. 84, p. 527, were disposed of
*
—On March 15
the §50,000 5% 5-40-year
works bonds, mention
were
authorized by a
(optional) water¬
of which was made in V. 84. p. 520,
vote of 202 to 33.
Date of sale not
yet settled.
County, Neb.—Bonds Proposed.—
high-school-building bonds is being
considered.
Reports state that the cost of the proposed
building will be about §75,000.
Newark School District (P. O. Newark), Licking County,
Ohio.—Bond Sale.—On March 18 the §05,000 4% 13 2-3Nebraska City, Otoe
The issuance of §75,000
year
(average)
high-sehool-addition bonds, described in
Trust & Safe Deposit
V. 84. p. 520, were awarded to Central
Following are the bids:
Co. of Cincinnati at 101.70.
Cen.Tr.&SafeDep.Co.,Cln.$56,144 00 | Western German Bk.,Cin.$65,715
Well. Roth & Co.. On
65,920 00 i R. Kleybolte Co.. Cln
_ 65.695
Breed & Harrison. Cin.
65.916 50 |Otis & Hough, Cleveland. 65,669
Seasongood & Mayer, Cin
65,910 00 ! New First National Bank,
65 162
Prov Sav.Blc.ATr.Co..Cin 65,780 00 I
Columbus
New Decatur, Morgan County, Ala.—Bond Offering.
___
_
.
00
00
50
50
Proposals will be received until 12 m. April 10 by Samuel
Blackwell, Mayor, for §25,000 5% school-house bonds.
Interest, semi-annuallv in New Decatur or in New York City.
Maturity 25 years.
New Madison, Darke County, Ohio.—Bonds Defeated.
A proposition to issue §15,000 municipal light and waterworks-plant bonds was defeated at a recent election.
Newton, Jasper County, Iowa.—Bonds Xot to Be Offered
at Present.—We an' advised that the §40,000 water-works
bonds voted on Feb. 5 (V. 84, p. 400) will not be put on the
market until next January.
New Ulm School District (P. O. New Ulm), Brown County,
Minn.
Bonds Voted.—A special school meeting held Feb. 20‘
resulted in' favor of the proposition to issue §15.000 school
—
bonds.'
Norfolk, Madison County,
-the § 10.000 4%
Neb .—Bond Sale.—On March 8
bonds mentioned in V. 84.
coupon sewer
premium.
Paulding, Paulding County, Ohio.— Bondts Authorized.—
On Feb. 12 the Village Council adopted a resolution author¬
izing the issuance of §13,000 4% coupon main-sewer-debtextension bonds.
Denomination §500. Date April 1 1907.
Interest semi-annually at the Village Treasurer’s office. Ma¬
turity April 1 1927. Under the ordinance the purchaser of
those.securities will be compelled to furnish blank bonds free
at a
of
charge.
Pella, Marion County, Iowa.—Bonds Defeated.—An elec¬
tion held March 5 resulted in the defeat of the proposition to
and water-extension
vote was 529 to
278—two-thirds being necessary to authorize.
Philadelphia, Pa.—Bonds A warded in Part.—On March 20
§125,000 of the $5,000,000 3]^% 30-year registered bonds
offered on March IS were awarded at par to George II. Hill
of Drexel A Co. of Philadelphia, who represented a client
of the firni.
This was the only offer made for the bonds.
Pike County (P. 0. Petersburg), Ind.—Bonds Authorized.
Tic* Pike County Commissioners have authorized the issu¬
ance of $10,272
1 )4% Madison Township road-construction
bonds and $32,000 Patoka Township road-improvement
issue the 875.000 light-plant-purchase
bonds mentioned in X. 84, p. 400.
The
bonds.
Piqua, Miami County, Ohio.—Bond Sale.—On March 15
4% coupon street-improvement bonds described
527. wore awarded to Weil. Roth & Co. of Cin¬
cinnati at
101.11 and accrued interest.
Following are
the $30,000
in X. 84, ]).
the bids:
Well, Roth & Co..Cln
$30,333 00 | Western Germ. Bk., Cln .
Seasongood & Mayer, Cin. 30,211 65 |Rud. Kleybolte & Co., Cin.
Prov. S. B. & Tr. Co., Cln. 30.153 99 j MacHonald,McCoy &Co..Ch
$30,101 00
30,057 oo
30.001 00
Pittsfield, Mass.—Bonds Proposed.—This town
legislative authority to issue 8100,000 4% 30-year
seeks
sewer
bonds.
<;
THE CHRONICLE.
710
Plant City, Hillsboro County Fla.—Bond Offering.—Pro¬
posals will be received until 2 p. m. April 1 by W. L. Lowry,
City Clerk, for $25,000 water-works and $5,000 sewer 6%
bonds.
Denomination $1,000.
Interest semi-annually in
New York City.
Maturity 20 years. Certified cheek for
$100 is required.
Pleasant Ridge School District, Hamilton County, Ohio.—
Bonds Defeated.—This district recently defeated a proposition
to issue $75,000 school-building bonds, the vote being 76
“for” to 119 “against.”
Pomona, Los Angeles County, Cal.—Bond Election.—The
City Trustees have called an election for March 28 to vote
on the question
of issuing 4j^% bonds for the following
purposes:
$325,000 for municipal ownership of the Con¬
solidated Water Company’s plant; $40,000 for schools and
$35,000 for a city-hall.
Pontiac, Oakland County, Mich.—Bond Election.—An
election will be held April 1 to vote on the question of issuing
$10,000 5% 1-10-year (serial) fire-hall bonds
Denomina¬
tion $1,000.
Interest semi-annual.
Bonds Authorized.—The.City Council passed an ordinance
providing for the issuance of $6,000 5% coupon street-paving
bonds.
Denomination
$1,000. Date" March 15 1907.
Interest semi-annually at the City Treasurer’s office.
Ma¬
turity $1,000 yearly on March 15 from 1908 to 1913 inclusive.
Port Angeles, Clallam County, Wash.—Bond Offering.—
Further details are at hand relative to the offering on April
22 of the $80,000 6% coupon water-works bonds mentioned
in V. 84, p. 648.
Proposals for these bonds will be received
Authority, Act amending
Ballinger’s Annotated Code of the State of
Washington. Denomination $100 or multiple. Date, day
Interest semi-annual.
of sale.
Bonds will be payable upon
the call of the City Treasurer, in the order of their numbers,
whenever there shall be in the special fund, after payment of
all interest on all outstanding bonds and warrants, a suffic¬
ient balance to pay the same.
by C. W. Fields, City Clerk.
Section 1077 of
Porto Rico.—New Loan.—See item under “News Items”
on
a
preceding
page.
Princeton School District (P. O. Princeton), Mercer
County, N. J.—Bonds Authorized.—The Princeton School
Commission recently authorized the issuance of $9,500
school-building bonds.
Pulaski, Pulaski County, Va.—Bond Offering. — Proposals
will be received by John T. Loving, Mayor, for $50,000 5%
25-year coupon electric-plant bonds. Denomination $500.
Purvis, Lamar County, Miss.—Bonds Defeated.—On
March 15 the proposition to issue municipal jail bonds was
defeated by a vote of 36 to 22.
Raymond, Hinds County, Miss.—Price Paid for Bonds.—
We are informed that the price paid for the $5,000 6% water¬
works bonds awarded on Feb. 5 to the Mississippi College of
Clinton (V. 84, p. 64S) was par
Denominations: 20 bonds
of $100 each and 6 bonds of $500 each.
Date April 1 1906.
Interest annual.
Maturity April 1 1926.
Red Bank, Monmouth County, N. J.—Bond Offering.—
Proposals will be received until 8 p. m. April 1 (time extended
from March 18) by A. C. Harrison, Town Clerk, for $41,380
4% coupon sewer bonds. Denomination $500, except one
bond for $380.
Date May 1 1907. Interest semi-annually
at the Town Treasurer’s office.
Maturity $3,380 in 1912 and
$2,000 yearly from 1913 to 1931 inclusive.
Bonds are
exempt from taxation. Certified check for 5% of bid, pay¬
able to T. F. White, Town Treasurer, is required.
Red Deer, Alberta.—Debenture Offering.—Proposals will
be received until 12 in. April 15 by L. C. Fulmer, SecretaryTreasurer, for the following debentures:
$30,000 5% 35-year sewer debentures.
20,000 5% 30-year water-works-extension debentures.
6,000 5% 20-year “hospital” grant debentures.
5,000 5% 20-year fire-ball debentures.
4,000 5% 5-year local-improvement debentures.
2,300 5% 20-year “land for water-works” debentures.
Red River County (P. O. Clarksville), Tex.—Bonds Regis¬
tered.—On March 13 the State Comptroller registered 8678
5% bridge-repair bonds. Securities are dated Feb. 14 1907.
Maturity ten years, subject to call at any time.
Richmond County (P. O. Rockingham), N. C.—Bond Sale.
—On March 4 the $10,000 30-year coupon Wolf Pit town¬
ship road bonds described in V. 84, p. 352, were awarded
to MacDonald, McCoy & Co. of Chicago at 101.56 and ac¬
This is on a ba^is of about 4.90%.
crued interest for 5s.
Date Jan. 1 1907.
Rushsylvania Union School District (P. O. Rushsylvania),
Logan County, Ohio.—Bond Offering.—Proposals will bo re¬
ceived until 1 p. in. April 5 by C. E. Huston, Clerk Board of
Education, for $12,000 4%
school-building bonds mentioned
and 3992 of the
1907. Interest
in Y. 84, p. 587.
Authority Sections 3991
Revised Statutes of Ohio.
Date April 12
semi-annual.
Maturitv
as
follows:
$1,600—one bond of $200 each six months from March 15 190S to Sept. 15
inclusive.
1011
2,000—one bond of $250 each six months from March 15 1012 to Sept 15
1915 inclusive.
2,400—one bond of $300 each six months from March 15 1916 to Sept. 15
1919 inclusive.
2,800—one
boJTi of
1923
$350 each six months from March 15 1920 to Sept. 15
inclusive.
3,200—one bond of $400 each six months from March 15 1924 to Sept. 15
1927
[VOL.
LXXXIV.
Accrued interest to be paid by purchaser.
Certified check
for 5% of the amount of bonds bid for, payable to the Treas¬
urer of the Board of Education. is
required. Bondod debt this
issue.
Assessed valuation 19-05, $244,840.
Ripley, Lauderdale County, Tenn.—Bonds Voted— On
authorized the issuance of $10,000 6%
10-20-year (optional) coupon street-improvement bonds,
mentioned in V. S4, p. 528, by a vote of 134 to 53.
March 14 this city
St. Joseph, Buchanan County, Mo.—Bond Election Pro¬
posed.—The question of submitting to a vote of the people
a
proposition to issue $25,000 bonds for a workhouse and
industrial school is being considered.
on
St. Louis, Mo.—Bonds Not Sold.—No bids were received
March 18 for the eight issues of 3.65% gold bonds aggre¬
gating $3,000,000 and described in V. 84, p. 352.
St. Mary’s, Elk County, Pa.—Bonds Voted.—At the elec¬
tion of March 16 it was decided by a vote of 531 to 134 to
issue $50,000 sewer-system bonds.
St. Paul, Ramsey County, Minn.—Bond Sale.—On March
20 the $100,000 4% 30-year coupon Fort Sneliing bridge
bonds described in V\ 84, p. 587, were awarded to the Harris
Trust & Savings Bank of Chicago at 100.675—a basis of
about 3.962%.
Sandusky, Erie County, Ohio.—Bonds Authorized.—The
City Council onJMarch 4 passed an ordinance providing for
the issuance of $22,000 4% coupon Monroe Street paving
(city’s portion) bonds. Denomination $1,000. Date March
1 1907.
Interest semi-annual
Maturity March 1 1917.
Sarcoxie, Jasper County, Mo.—Bond Sale.—On March 18
the $10,000 5% 5-20-year (optional) water-works-system
bonds, described in V. 84, p. 468, were awarded to S. A.
Kean, of Chicago, at 100.60. Bids of par were also received
from the First National
State Bank of Sarcoxie.
Bank of
Sarcoxie and from the
Shelby, Richland County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. April 9 by C. C. Moore,
Village Clerk, for $3,500 4% coupon sanitary-sewer bonds.
Authority Sections 91, 95, 96 and 97 of the Municipal Code
of Ohio.
Denomination $700.
Interest semi-annually on
April 1 and Oct. 1. Maturity $700 yearly on April 1 from
1908 to 1912 inclusive.
Accrued interest to be paid by pur¬
chaser.
Cash or-certified chock for $300 is required.
Snyder, Kiowa County, Okla.—Bond Sale.—This city has
sold the $30,000 water-works bonds mentioned in V. 84,
p 588, to R. J. Edwards of Oklahoma.
South Sharon, Mercer County, Pa.—Bond Election.—This
borough, it is stated, will vote March 25 on the question of
issuing bonds for the erection of a municipal lighting plant.
Stevens Point, Portage* County, Wis.—Bond Offering.—
Proposals are being requested for $10,000 4% bonds. De¬
nomination $500.
Accrued interest to be
paid by purchaser.
Summit, Union County, N. J.—Bonds to Be Taken by Sink¬
ing Fund.—We are informed that the $6,500 sewer and $11,000
improvement bonds, mention of which was made in
will be taken by the Sinking Fund Commission
V. 84, p. 650,
when issued.
Sweetwater,
Monroe
County,
Tenn.—Bond Offering.—
Further details are at hand relative to the offering on April 1
of the $30,000 water and $10,000 street 5% gold coupon
bonds mentioned in V. 84, p. 650.
Proposals will be received
until 7 p. m. on that day by S. T. Jones, 'Mayor.
Denomina¬
tion $500.
Date April 1 1907.
Interest semi-annually in
New York. "Maturity April 1 1937.
Certified check for
$500. payable
the Town of Sweetwater, is required.
Assessed valuation 1906, $525,000.
Ho
Tecumseh,
Johnson County,
Neb.—Bonds
Voted.—The
election held March 5 resulted in a vote of 277 to 75 in favor
of the proposition to issue $12,750 41<2% 10-20-year (optional)
electric-light-plant bonds. Date of sale not vet determined.
Tekamah,Burt County, Neb.—Bond Election.—An election
will be held'March 26 to vote on the question of issuing the
$10,000 eloctric-iight-plant and $2,500 water-extension
bonds mentioned in X. 84, p. 469.
Thorold, Ont.—Debenture Offering.—Proposals will be re¬
ceived until 8 p. m. April 1 by 1). J. C. Munro, Town Clerk,
for $80,000 4% water-works debentures.
Toledo, Ohio.—Bonds Authorized.—Ordinances providing
for the issuance of the following bonds were recently passed
by the City Council:
$3,259 62 5% coupon Yates Street No. 2 assessment bonds.
Denomina¬
tion $330, except one bond for $289 62.
Date Dee. 13 1906.
Interest Mareli, 13 and Sept. 13.
Maturity one bond each
six months from March 13 1908 to Sept. 13 1912 inclusive.
3,189 53 3% coupon Dexter Street Xo. 1 assessment bonds.
Denomina¬
tion $320, except one bond for $309 55.
Date Dec. 15 1906.
Interest March 15 and Sept.- 15.
Maturity one bond each
six months from March 15 1908 to Sept. 15 1912 inclusive.
10,884 20 5% coupon East Broadway and Oswald Street Xo. 1 assessment
bonds.
Denomination SI,100, except one bond for $984 20.
Date Dec. 13 1906.
Interest March 13 and Sept. 13.
Ma¬
turity one bond caeli six months from March 13 1908 to
Sept. 13 1912 Inclusive.
1,835 27 5% coupon Infirmary Hoad and Arlington Avenue Xo. 1 assessincut bonds.
Denomination $185. except one bond for
Date Oct. 30 1906.
S170 27.
Interest March 30 and Sept.
30.
Maturity one bond each six months from March 30 1908
to Sept. 30 1912 Inclusive.
1,142 26 5% coupon Wayne Street Xo. 2 assessment bonds.
Denomina¬
tion $300. except one
Date Dec. 27
bond for $242 26.
1906.
Interest 'March
27
and Sept. 27.
Maturity one
,
.
bond each six months
inclusive.
from March
27 1908 to
Sept. 27 1909
Mar. 23
4,466 31
5% coupon
Whtney Avenue No.
nomination $450, except
one
Interest March
Dec. 38 1906.
one bond each
six months from
1912 inclusive.
515
1 assessment bonds. De¬
bond for $416.31. Date
28 and Sept. 28.
Maturity
March 28 1908 to Sept. 28
clusive.
199 51
and $100 on
12,844 65 5%
Sept 5 1908.
payable at office of the City Treasurer.
Tyndall School District No. 3, Bonhomme County, So.
Dak.—Bond Sale.—On March 14 §15,000 5% school-house
bonds were awarded to the Union Investment Co. of Minneap¬
olis at 103.333 and accrued interest.
Following are the bids:
Interest
Union Inv. Co., Minneapolls*$15,500 Tlios. A. Bolder Co., Chic.. _$ 15,100
C. H. Coffin, Chicago
15,476 Farson, Son & Co., Chicago. 15,027
R. Kleybolte & Co., Chicago. 15,460 Devltt. Trembie&Co., Chic.. 15,000
15,000
Trowbrldge&Niver Co.,Cldc. 15,107 A. J. Hood & Co., Detroit
14,900
John Nuveen & Co., Chic
15,105 F. E. Magran, St. Paul
*•
Date Jan. 2 1907.
And blank bonds free of
charge to district.
1907. Maturity
1 1927.
Uhrichsville School District (P. O. Uhrichsville), Tusca¬
rawas
County, Ohio.—Bond Offering.—Proposals will be
received until 12 m. April 1 by J. Leslie Hillyer, Clerk of
Board of Education, for $5,500 4% coupon school-repair
bonds.
Authority Section 3,991, Laws of 1904. Denomi¬
nation $500.
Date April 1 1907. Interest semi-annually
at the Commercial Bank in Uhrichsville.
Maturity April 1
1927.
Bonds are exempt from all taxes. Certified check
for $500, payable to J. Leslie Hillyer, Village Clerk, is re¬
quired. Bonded debt, including this issue, $34,500.
Union City (P. O. Union City, Indiana), Darke County,
Ohio.—Bond Sale.—On March 11 the $2,500 53^% coupon
st reet-improvement bonds described in V. 84, p. 590, were
awarded to Seasongood & Mayer of Cincinnati at 104.94
and accrued interest.
Following are the bids:
Seasongood & Mayer, Cln._$2,623 501MacDonald,McCoy&Co.,Cln$2.580i00
Hayden, Miller & Co., Clc. 2,613 00]Well, Roth &Co.,Cln
2,577 50
$500.
Denomination
Date April 1
§5,000 on April 1 1922 and $10,000 on April
Interest March 2
and Sept. 2.
Maturity one bond each six months from March
2 1908 to Sept. 2 1912 Inclusive.
coupon Hamilton Street paving assessment bonds.
Denom¬
ination $1,300, except one bond for $1,444 65.
Date Feb.
23 1907.
Interest March 23 and Sept. 23.
Maturity one
bond each six months from March 23 1908 to Sept. 23 1912
inclusive.
$2,457 23 5% coupon Sewer No. 973 assessment bonds.
Denomination
$410, except one bond for $407 23.
Date Feb 15 1907.
Interest March 15 and Sept. 15.
Maturity one bond each
six months from March 15 1908 to Sept. 15 1910 inclusive.
5,761 01 5% coupon Kobison Street No. 1 assessment bonds.
Denomi¬
nation $580, except one bond for $541 01.
Date Feb. 23
1907.
Interest March 23 and Sept. 23.
Maturity one bond
each six months from March 23 1908 to Sept. 23 1912 in¬
clusive.
7,001 74 5% coupon Pape Street No. 5 assessment bonds.
Denomina¬
tion $700, except one bond for $701 74.
Date Feb. 18 1907.
Interest March 18 and Sept. 18.
Maturity one bond each
six months from March 18 1908 to Sept. 18 1912 inclusive.
1,695 85 5% coupon Sewer No. 975 assessment bonds.
Denomination
$425, except one bond for $420 85.
Date March 21 1907.
Interest March 21 and Sept. 21.
Maturity one bond each
six months from March 21 1908 to Sept. 21 1909 inclusive.
Tr. Co., Tol 2.582^)0 I Otis & Hough, Cleveland .. 2,526 25
Union County (F. O. Creston), Iowa.—Bond Sale.—On
March 4 $30,000 4Lo% funding bonds were awarded to Geo.
Sec. Sav. Bit. &
NEW LOANS.
NEW LOANS.
#18,000
BONDS
BATAVIA, IV. Y.,
of the
SCHOOL BONDS
STATE OF NEW YORK
Batavia, N. Y., March 12th, 1907.
Sealed bids will be received for $18,000 Pringle
registered School Bonds bearing 4 per
cent Interest, dated January 1st, 1907, interest
Avenue
for
payable January and July 1st, principal payable
$1,000 January 1st. 1908, and $1,000 annually
thereafter.
Denomination
$1,000.
Each bid
must be accompanied by a certliled check for
5 per cent of the bid.
The Board of Education
reserves the
right to reject any and all bids.
Bids to be marked “Proposal of Bonds” and to be
filed with Albert J. Squires, Clerk of the Board
of Education of Batavia, New York, on or before
APRIL 6TH, 1907, at 7:30 P. M.
Bonds to be
delivered May 1st, 1907.
For further Informa¬
CANAL IMPROVEMENT
EXEMPT FROM
tion address
Notice Is hereby given that pursuant to the
provisions of Chapter 147 of the Laws of 1903
and Chapter 302 of the Laws of 1906, sealed pro¬
posals will be received at the office of the State
Comptroller, in the city of Albany, until Friday
APRIL 5. 1907,
TWELVE O’CLOCK
AT
NOON of that day, for the purchase in whole or in
SQUIRES,
Clerk of the Board of Education,
Batavia, N. Y.
Batavia. N. Y., March 12th, 1907.
ALBERT J.
Albert
part of
Kleybolte & Co.,
Walnut
409
in Bonds
the people of the State of New
York, in either registered or coupon form at the
option of the purchaser, bearing Interest at the
rate of three per cent per annum from January 1,
Five Million Dollars
to
Street,
CINCINNATI, O.
Hlgb-Grade
Public
be Issued by
payable semi-annually on the first days of
each year, and the principal
payable on the first day of January in the year
1957.
Principal and Interest payable In gold coin
of the United States of America, of the present
standard of weight and fineness, at the Bank of
the Manhattan Company In the City of New
1907,
Municipal,
County,
State,
and
January and July of
Service
securities
York.
OcrreapoTHleuce Solicited
Coupon bonds will be issued In the denomina¬
Dollars and registered bonds
One Thousand, Five Thou¬
tion of One Thousand
in denominations of
sand, Ten Thousand and Fifty Thousand Dollars.
A sinking fund is established by law for the
extinguishment of the indebtedness created by
the sale of the aforesaid bonds and for tlie pay¬
ment of the interest thereon as the same become
Perry, Coffin & Burr,
INVESTMENT BONDS.
TAXATION
bank draft upon a bank or trust company of the
city of Albany or New York, payable to the order
of the Comptroller of the State of New York,
for at least two per
from taxation.
proposal will be accepted for less than tlie
par value of the bonds nor unless accompanied
by a deposit of money or by a certified check or
Street,
BOSTON.
Mac
together with the security de¬
sealed and endorsed “Loan for
Canal Improvement” and Inclosed In a sealed
envelope directed to the “Comptroller of the State
of New
The
AND
CORPORATION
F. B. SHERMAN & CO.
MUNICIPAL
)
ani.
BONDS.
i8i La Salle Street,
York. Albany.”
successful bidder or
bidders will be re¬
quired to pay for the bonds, on the acceptance
of the proposal, by deposit In the bank of the
Manhattan Company in the City of New York
to the credit of “Treasurer of the State of New
York on account of the Canal Fund,” of the
amount of the award, together with premium
and accrued Interest from January 1, 1907, less
the amount of the deposit of such successful
bidder or bidders, which will be applied toward
the payment for the bonds.
All other deposits
will be returned by mail to the respective bidders,
within three days after the bonds have been
awarded, unless different Instructions to the
Comptroller as to the return of the deposit are
duly given.
Comptroller reserves the right to reject
all bids which are not In his opinion ad¬
vantageous to the Interests of the State.
The
any or
MARTIN H. GLYNN,
Comptroller.
State
Comptroller’s Office,
Albany, N. Y.
Match
12, 1907.
:
Donald,McOoy & Go.,
MUNICIPAL
the
posits, must be
due.
No
cent of the par value of
bonds bid for.
All proposals,
The bonds are exempt
60 State
Denomination
Feb. 25 1907.
Maturity one bond each
Sept. 25 1910 inclusive.•»*/
5% coupon Cirtis Street No. 2 assessment bonds.
Denomina¬
tion
$100 and
$99 51.
Date March 5 1907.
Interest
and
March 5
Sept. 5.
Maturity $99 51 on March 5 1908
Interest March 25 and Sept. 25.
six months from March 25 1908 to
March 29 1908 to Sept. 29 1909.
924 73 5% coupon sewer No. 965 bonds.
Denomination $235 except
one bond for $219 73.
Date Feb. 6 1907.
Interest March 6
and Sept. 6.
Maturity one bond each six months from
March 6 1908 to Sept. 6 1909 inclusive.
Denomination 305 except one
1,216 38 5% coupon sewer No. 969 bonds.
Interest March 27
bond for 301.38.
Date Dec. 27 1906.
and Sept. 27.
Maturity one bond each six months from
March 27 1908 to Sept. 27 1909 inclusive.
9,088 82 5% coupon sewer No. 978 bonds.
Denomination $910 except
bondfor$893 82.
46*5%JcouponIEastflBroadway No. 3 assessment bonds. Denomi¬
nation $130, except one bond for $125 46.
Date March 21
March 21 and Sept. 21.
Maturity one bond
each six months from March 21 1908 to Sept. 21 1909 in¬
1,506 95 5% coupon Sewer No. 967 assessment bonds.
$250, except one bond for $256 95.
Date
5% coupon Sewer No. 976 assessment bonds.
Denomination
Date Dec. 27 1906.
$160, except one bond for $160 16.
Interest March 27 and Sept. 27.
Maturity one bond each
six months from March 27 1908 to Sept. 27 1909 inclusive.
123 97 5% coupon Sewer No. 977 assessment bonds.
Denomination
1907.
$60 and $63 97.
Date Jan. 5
Interest March 5
and Sept. 5.
Maturity $60 March 5 1908 and $63 97
Sept. 5 1908.
2,438 36 5% coupon Baker Street No. 2 assessment bonds.
Denomina¬
tion $250, except
one bond
for $188 36. Date Dec. 24
Interest
March 24
1906.
and Sept. 24.
Maturity one
bond each six months from March 24 1908 to Sept. 24 1912
inclusive.
3,006 81 5% coupon Utica Street No. 2 assessment bonds.
Denomina¬
tion $300 except one bond for $306 81.
Date Jan. 29 1907.
Interest March 29 and Sept. 29.
Maturity one bond each
six months from March 2!) 1908 to Sept. 29 1912 inclusive.
1,433 60 5% coupon sewer No. 972 bonds.
Denomination $360 except
one bond for $353 60.
Date Jan. 29 1907.
Interest March
29 and Sept. 29.
Maturity one bond each six months from
640 16
one
1908.Inter st
711
THE CHRONICLE
liK>7.J
CORPORATION
Chicago.
)
Blodget, Merritt & Co
,
BANKERS,
BONDS
205 La Salle Street,
16
Congress Street,
Boston.
NASSAU 8TRKET, NEW YORK,
CHICAGO
STATE, CITI & RAILROAD
BONDS
[VOL. LXXXIV.
THE CHRONICLE.
M. Betheel Co. of Davenportjat 102
nation $1,000.
Date April 1 1907.
Denomi¬
and interest.
Interest semi-annual.
Utica, N. Y.—Bond Sale Postponed.—We are informed
that the sale of the three issues of 1% registered street
590,
bonds aggregating $30,833 74, mentioned in V. 84, p.
which was to have taken place on March 15, was postponed
until April 19.
For description of these
see
*
I';
V. 84,
bonds
p.
530.
Vernon, Conn.—Bonds Proposed.-—This town seeks au¬
thority from the State Legislature to issue bonds.
Vernon Centre, Blue Earth County, Minn.—Bonds Voted.—
On March 12 this village authorized the issuance oi' $5,000
water-works bonds by a vote of 61 to 27.
Viborg, Turner County, S. D.—Bonds Voted.—An election
held recently resulted in favor of the proposition to issue
bonds for a water-works system.
Vicksburg, Warren County, Miss.—Bonds Authorized.—
The Mayor and Board of Aldermen of this city have given
notice of their purpose to issue 8250,000 sewerage bonds.
Virden School District No. 144 (P. O. Virden), Man.—
Debenture Sale.—This district has awarded the $5,000 5%
debentures described in Y. 84, p. 292, to Geo. A. Stimson
& Co. of Toronto at a premium.
Walla Walla, Wash.—Bond Election.—'The following re¬
garding the $100,000 5% 20-year gold city-hall and tirestation bonds, bids for which were rejected on March 12
(V. 84,p. 650), is taken from the Seattle •“-Post-Intelligencer”:
Walla Walla, March 12.—The City Council decided to-night to Issue a
call for a special election to decide on the question of a bond Issue of $100,000
for a new city hall and lire station.
It Is probable that the proposition to
Issue $50,000 of funding bonds will also be submitted to voters.
After
seven bids on city hall bonds had been opened, it was discovered that the
could
not
legally
Issue
without
a
special
The
highest
city
them
election.
bid submitted was by M. A. Anderson of Cleveland. O., for $105,500 on
the $100,000 Issue, which was advertised for a month since.
All were
Warrenton, Fauquier County,
Wellsboro, Tioga County, Pa.—Bonds Voted.—On March
this town authorized the issuance of $15,000 street-im¬
provement bonds by a vote of 295 to 63.
West Palm Beach, Dade County, Fla.—Bond Sale.—On
March 19 the $7,500 5% 10-30-year (optional) gold coupon
without success on Feb. 5 (V. 84, p. 512), were awarded to
the Dade County State Bank of West Palm Beach at par.
West Springfield, Mass.—Bond Sale.—This town has
awarded $25,000 bridge bonds to Merrill, Oldham «!fc Co. of
Boston.
Wrightsville, Johnson County, Ga.—Bonds Not Yet Sold.
disposition has yet been made of the $25,000 5%
coupon water-works bonds offered without success on Jan. 2.
See Y. S3, p. 1552, for description of these securities.
York Township School District (P. O. Toronto), Ont.—
Debenture Sale.—On March IS 817,000 4K>% school deben¬
tures were awarded to Geo. A. Stimson & Co.of Toronto at
—No
100.30 and accrued interest.
Youngstown, Mahoning
Brighton-German Bank, Cincinnati
New First National Bank. Columbus
Security Trust & Savings Bank, Toledo
Otis & Hough, Cleveland
Well, Roth & Co., Cincinnati
W. J. Hayes & .Sons, Cleveland
Denison & Farnsworth, Cleveland
a Successful bidders.
All bids included
R.
S. C.,
Bonds
of the bid next
hereafter called for,.
THIRD.—For the sale of portion
of the present
Issue of 4 Per Cent Coupon Bonds of the City of
Charleston maturing July 1 or January 1, .1909,
not
exceeding $1,000,000, with all Coupons
thereto attached falling due after July 1, 1907,
payable in cash on the first day
maturing January or July, 1909, with all Coupons
thereon falling due subsequent to July l, 15)07;
and any premium bid payable in cash;
meats to be made on July 1. 1907.
;
any or
all bills made.
These
from State. County
Bonds are exempt
hands of banks in
Charleston
exempt their shareholders from all
SECOND.—For the purchase of all or any por- ; taxes to the extent of the holding as is now the
ease with 4 ]/> per cent Brown State Bonds.
tion of .an issue of Sl.ooo.uoo of the aforesaid
30-year 4 Per Cent Bonds, payable in cash; said
settle- |
ERVIN
&
COMPANY,
BANKERS.
Member*
BONDS
and.City Taxes, and in the
^philftdelphia gtoek
FOR
IKYBSTMENT.
Building,
Philadelphia,
Dreotal
Exchange Place,
Established 1885.
H. C.
Speer & Sons Co.
First Nat. Bank
Building, Chicago
COUNTY
AND TOWNSHIP
CITY
A
Financial
Or
a
BOSTON.
New York
City Bonds
EXEMPT FROM STATE, COUNTY
AND CITY TAXES
COMPANY.
H. W. NOBLE &
Detroit.
Philadelphia.
New York.
MUNICIPAL
AND
PUBLIC SERVICE
CORPORATION
BONDS.
Specialists inINew Jersey
Investments
pAMnC
—
(By Frank W.
eisele & king,
BANKERS,
Members of New York and Philadelphia
Stock Exchanges.
757-759 Broad St.
NEWARK.
Rolflna)
INVESTMENT BONDS
Lilts np«n
request.
Farnsworth,
Denison &
BOSTON
The above book will be furnished
without cost on application to
E. H. ROLLLNS & SONS, 21 Milk
CLEVELAND ajud
St., Boston.
MUNICIPAL AND
BONDS
WITH OR
WITHOUT
COUPONS
lithographed, or part¬
If the latter, then ctm be
with steel-p'ate borders, or
ly printed from type.
Securities.
Courtship
Plea for Conservative
Stock Exchange,
$ New York
New York
3 Nassau Street,
NEW YORK.
Street,
Private Wires to
H.Y. and Philadelphia.
1
CO.,
&
BANKERS,
posit with City Treasurer
received by the City Treas¬ sureties on the bonds of bidders.
In the event of any bidder not depositing a
before 12 o’clock on WEDNESDAY, !
certified check or a bond within 24 hours, the city
MAY 15. 1907.
FIRST.—For tin* purchase of all or any portion i to have the right either of canceling the said bid
and of accepting that of another .bidder, or of
of an issue of $1,000,000 of the aforesaid 30-year 1
4 PcrCent Bonds; the principal payable in 4 Per! holding the bidder liable thereon.
The city further reserves tin* right to reject
Cent Coupon Bonds of the City of Charleston, I
:
60,824 75
or
on
43
00
40
50
00
of July, 1907.
In the event of over-subscription at acceptable
figures In any of the above cases a proportionate
allotment will be made.
Each successful bidder will be required to de¬
Sealed bids will be
Jl!
60,635
60,511
60,730
60,205
25
8n
00
00
DAY
L.
35 CoBgress
bonds, however, to be Issued upon cancellation
of similar amounts of the 4 Per Cent Coupon
Bonds of the City of Charleston, falling due Janu¬
ary 1 or July 1, 1909, which may be held by the
City of Charleston, or purchased under the terms
within 24 hours a satis¬
factory Surety Bond or a certified check for 5 per
cent of the amount of bid awarded to him as se¬
curity for his compliance with tHe terms of the
bid; and In the event of non-compliance, sealed
! bids to be called for at a period not less than 15
all coupons on the said bonds falling due subse- ! days for the amount defaulted on. and any loss
to the city by reason of tHe re-sale to be deducted
quent to July 1, 1907, and for this purpose invites ; out of the
deposit or to lx* paid by the makers or
the following:
urer
60,610 00
6,530 50
6,537
6,524
6,502
6,403
INVESTMENTS.
CITY OF CHARLESTON,
entitled. “An Ordinance to provide for issuing
Coupon Bonds with Interest at the rate of 4 per
cent per annum for the purpose of taking up or
exchanging the 4 per cent Coupon Bonds maturing
on January 1 and July 1. 11)09,“ ratified on the
12th day of March, 1907: “ In exchange for One
Million Dollars ($1,000,000) of the aforesaid 4 per
cent
City of Charleston 4 Per Cent Coupon
Bonds, maturing January 1 or July 1, 1905), with
$60,831 00
1261.210 30
accrued interest.
Si,000,000
cent coupon
bonds of said city, maturing on
January 1 and July 1, l'JO'J.” approved on the
13th day of February, 11)07.
And of an Ordinance of the City of Charleston
Federal fit.,
Paving Bonds
a$6,549 00
6.543 33
6,540 45
Hayden, Miller & Co., Cleveland
Seasongood & Mayer, Cincinnati
NEW LOANS.
of Charleston proposes to offer One
Million Dollars ($1,000,000) of 30-year bonds,
with interest at 4 percent, payable semi-annually,
on the 1st of July and January, under the author¬
ity of an Act of the General Assembly, entitled,
“An Act to authorize the City Council of Charles¬
ton, S. C\, to issue Coupon Bonds at a rate of
Interest not exceeding 4 per cent per annum, for
the purpose of taking up or exchanging the 4 per
$58,000
$6,380
Glenwood Av.
Grudina Bonds.
municipal building.
The City
County, Ohio.—Bond Sale.—On
March 18 the following bids were received for the $6,380 5%
Glen wood Avenue grading and the $58,000 5% West Federal
Street paving bonds described in V. Si, p. 471:
resulted unanimously in favor of a
4% 30-Year
offered
sewer-extension bonds,
and
street-improvement
Tenn.—Bonds Pro¬
posed.—A bill will be introduced in the State Legislature
providing for the issuance of pike-road bonds.
Warrenton, Warren County, N. C.—Bonds Voted.—An
proposition to issue bonds for a
bonds.
12
(P. O. McMinnville),
election held March 10
the $25,000
sewer
rejected.
Warren County
Va.—Bond Sale.—On March
5% 20-30-year (optional) coupon reservoir
bonds, described in V. 84, p. 469, were awarded to W. H.
Gaines & Co., of Ullman, at par.
Washington C. H., Fayette County, Ohio.—Bonds Pro¬
posed.—The City Council is considering an ordinance provid¬
ing for the issuance of $9,000 street-improvement and $6,000
7
DELIVERED IN FEW DAYS
Certificates engraved In best, manner, or nartlv
lithoarai>h**d and partly
ALBERT B. KING & CO., 20B
printed
Broadway, N. Y.
PHILADELPHIA.
RAILROAD
BONDS.
LIST ON
APPLICATION.
SEASONGOOD & MAYER
nercanttle Library BalhDns,
CINCINNATI.
XVII
1907
Mar. 23
CHRONICLE
THE
i
(frompunies.
Trust
Mo
St. Louis.
BUNKER HILL
Association
Clearing House
St. Louis
Member
Capital and Surplus, $9,500,000
Interest
Acts
16.1899
A
1900
$4,429,448 02
Nov. 16.
1905
73
93
Jackson,
Henry O.
Sidney
Constant Growth
-
Transacts a
Trustee
$1,000,000
A. G.
Royal
Acts
Gilmer Clapp,
T. Jefferson Coolldge
Gordon Dexter,
William R. Driver.
F. C. Dumalne,
Eugene N. Foss,
T. JEFFERSON
P. L.
Guardian.
Robbins,
Snelllng,
Frank \V. Stearns,
Eugene V. R. Thayer, i
Charles W. Whittier,
G.
W.
'
Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER. Asst- Cashier.
WILLIAM W. GATES, Aast. Cashier.
DAVID R.
ivedenck P. Fish.
Walter C. Bay lies,
Alfred Bowdltch.
Charles F. Choate,
Morris Gray,
:
i
PROFITS!*0
D. R. Francis
August Gelmer
S. E. Hoffman
Chas. H. Huttlg
George
•
II. Clay Pierce
J. Ramsey Jr.
Breckln’ge Jones James E. Smith
W. J. McBride
liobt. II. Stockton
Nelson W. McLeod Julius S. Walsh
Saunders
Norvell Kolia
Wm. D. Orthwein
Wells
OFFICERS
WALSH, Chairman of the
BRECKINRIDGE JONES, President
DAVIS.
Board
Vice-President
Vice-President
SAMUEL E. HOFFMAN,
JAMES E. BROCK, Secretary
HUGH U. LYLE. Asst. Secretary
HENRY C. IBBOTSON, Asst. Secretary
C. HUNT TURNER Jr., Asst. Secretary
LOUIS W. FRICKE. Asst. Secretary
Dexter.
Maryland Trust Co*
BALTIMORE.
VIERLING, Trust Officer
HENRY SEMPLE AMES, Asst. Executive
CHARLES M. POLK. Asst. Trust officer
WILLIAM G. LACKEY, Bond Officer
FREDERICK
DIRECTORS
Joseph R. Foard,
B. Howell Griswold Jr.,
Hepburn,
A. Barton
John T.
Hill,
IVAN
OFFICERS
President
SKINNER
Asst. Secretary
Officer
Bond Officer
Real Estate Officer
WM. McC. MARTIN. Asst.
TOM W. BENNETT,
GEO. KINGSLAND, Asst.
C. W. MORATII, Safe
Real Estate Officer
Deposit Officer
DIRECTORS.
Edwin S. Dixon,
Eugene L. Ellison,
Joseph C. Fraley,
Harry C. Francis,
Henry L. Gaw. Jr.,
Howard 3. Graham,
Samuel F. Houston,
Adam A.
Surplus,
Joseph R.
as
OFFICERS.
OLIVER C. FULLER.
Toland,
William D.
100,000
General Trust Co. Business.
Buys and Sells
High Grade Investment Bonds.
Wainwright,
Winsor.
Registrar,
Executor, Trustee,
Becomes Surety.
Complete Set of Safe
Vaults
Interest on Deposits
Acts
-----
Transacts a
Stull,
Edward D.
Etc.
Deposit
Levering.
Oscar G. Murray,
Henry F. Shoemaker
James Speyer,
Douglas M. Wylie.
HERSH
THE AUDIT
OF
1137 First
Prudent.
FREDERICK KASTEN, Vice-President.
GARDNER P. STICKNEY. Treasurer.
FRED. C. BEST. Secretary
R. L, SMITH, Ass’t Secretary
...
COMPANY
ILLINOIS,
National Bank
Building,
CHICAGO.
t
Richard Wain Melrs,
Clement B. Newbold,
John W. Pepper.
Wl Ham F. Read,
Frank Samuel,
Jr.,
C. Jenkins,
S.
Co,
Levering Jones.
George
Joshua
2d Vlce-Prest.
ZIMMERMAN
CARROLL VAN NESS.
Treasurer
JERVIS SPENCER Jr
Asst. Treasure
St.,
Lloyd.
Malcolm
John Mcllhcnny.
Grier
Hersh,
Ernest Hoen
Josiah L. Blackwell.
G. Clymer Brooke,
H. Carroll Brown,
John W. Castles.
L.
Philadelphia.
$1,000 000 Wisconsin Trust
ADAM A. STULL, President.
j
MILWAUKEE.
HENRY G. BRENGLE, 1st V co-Pres. & Treasurer.
JOS. S. CLARK, 2d Vice-Pres., Superv’g Trust Dept, j
HAS. P. LINEAWEAVER, Sec. & Asst. Trust Officer
Capital, ----$600,000
Crosby Brown,
John Cadvvalader,
E. W. Clark Jr..
Eckley B. Coxe Jr..
$2,000,000
CAPITAL,
GRIER
CAPITAL
James
Sllsbee.
M. Stockton,
Thayer.
Nathaniel
George Wigglesworth,
David R. Wtutnev
Phhfp Dexter,
William !• am-"worth,
R. J. O'Reilly.MB
Henry W. Peters
JULIUS S.
JOHN D.
SAVINGS AND TRUST
DEPARTMENTS.
Brengle.
George S.
Lawrence
T. Jefferson Cooddge.
Charles H- Dalton.
St. Louis
)$Q gQQ QyQ
SURPLUS
Charles Clark
Horatio N. Davis
John D. Davis
Aug. B. Ewing
TheTrust Company of j
North America
Henry C.
Franklin Haven,
James J*. Hooper.
James M. Prendergast,
Alexander Cochrane,
Edmund D Cod man,
D.D’t.
James E. Brock
Murray Carleton
McDOWElL, Asst Secretary.
503-505-507 Chestnut
WHITNEY. President.
CHARLES H. DALTON, Vice-President
CHARLES F CHOATE. Vice-President.
FRANKLIN HAVEN, Vice-President.
FIDUCIARY
BANKING,
„
to Check.
BOARD OF Di RECTOR^
William Endlcott, Chairman.
ROGERSON, President.
and
MANG, Secretary.
MALCOLM
and Bonds.
Registrar of Stocks
Interest Allowed on Deposits Subject
OFFICERS.
DIRECTORS
UHRLAUB,
A. G.
Agent and
GENERAL
FINANCIAL AND
BUSINESS TRANSACTED
900,000
Profits
auu to receive and
or on deposit from
Administrators.
Corporations and
and as Transfer
JAMES R. HOOPER, Actuary.
HENRY N. MARK, Secretar .
FRED K W. ALLEN. Aast.<C3 .t'lYeas
THOMAS E. EATON. Asst. Treasurer
FRANCIS R. JEWETT. lYust Officer
WILLIAMS, Vlce-Pres’t.
E. GOODSPEED, Treasurer.
L. WHITNEY, Asst. Treasurer.
John 1. Beggs
Wilbur F. Boyle
CHARLES G. DAWES, President.
W. IRVING OSBORNE, Vice-President.
A.
Authorized to act iu> executor
money or property in trust
2,000,000
Fourth & Pine Sts.,
$2,000,000
«
SURPLUS $2 000 000
Deposit Vaults
Courts oi Law or Equity, Executors.
Assignees.
Guardians, Trustees,
individuals.
Also acts as Trustee under Mortgages
$1.000000
LONGLEY, Vice-President.
CAPITAL,
CHICAGO
=
Whittier.
Mississippi Valley Trust Co.
Sec.
Asst.
ILLINOIS,
-
Subject to Check
HENRY A. FENN, Sec.&Mgr.Safe
H. D. HEATHFIELD, Assistant Sec.
F. J. BURR AGE, Assistant Secretary.
CENTRAL
TRUST COMPANY
Capital, Surplus and
and
WILLIAM C.
'
OF
Charles W.
Safe
Railroad and other
and is authorized to act as Executor,
Administrator and Trustee.
JAMES
Jr. R. Paul
AURVANSEN
W.
(■',
Reginald Foster,
George P Gardner,
Robert F. Herrick,
Trustee under
CHARLES E.
Reuter,
Saltonstall,
BOWEN, Secretary.
COFFIN. Asst. Treasurer.
H.
E. A.
Tuttle.
Stephen M. Weld,
Lucius
Frederick P. Fish,
CAPITAL $1,000,000
a
Capital - - Surplus (Earned)
COOLIDGE Jr., President.
CHARLES L. BURRILL, Vlce-Prest. &Treas. ;
J. H. PERKINS, Vice-President.
C.
as
Mortgages
Henry A.
Samuel Carr,
Nathaniel Thayer,
Eben S. Draper,
Peabody Jr.,
Francis
Bullock,
2d,
Saltonstall,
Philip L.
BOSTON, MASS.
Allowed on Deposits
Interest
John Lawrence,
John S. Lawrence.
Lester Lei and,
S. E. Peabody,
Frederick Ayer,
Charles S. Bird,
Robert J. Pauie,
Philip Dexter.
W. Winslow.
...
-
Charles E. Cotting,
Jr.,
Underwood,
Seward Webb.
General Trust
Banking Business.
Transacts
-
BOARD OF DIRECTORS:
N. W. Jordan, Chairman.
William A. Gaston,
C. F. Adams 2d,
Elmer P. Howe,
Atkins.
Chairman*
Coolidge Jr.,
Henry S. Howe,
Gordon Abbott,
Walter Hunnewell,
Oliver Ames,
Thomas L. Livermore,
C. W. Amory,
Charles s. Melleu,
Charles F. Ayer,
George v. L. M eyer,
Samuel Carr,
Laurence Minot,
B. P. Cheney,
Richard Olney,
T. Jefferson Coolidge,
hold
Registrar.
Edwin F.
W.
DIRECTORS:
BOARD OF
T. Jefferson
BOSTON. MASS
- $1,500,000
General Banking and Trust
Rodolphe L. Agassiz,
F. Lothrop Ames,
Hobart Ames,
Trustee.
Trust Company
Company -Business.
allowed on Deposits Subject to Check.
under Mortgages, Transfer Agent, and
Interest
MORTGAG¬
REGISTRAR,
AGENT.
TRANSFER
ES.
AND
BOSTON, MASS.
(Earned)
BANKING
INTEREST ON
TO
ENGLAND
Safe Deposit TRUST COMPANY,
Boston
AMERICAN
TRUST COMPANY,
CAPITAL
S(JftPLUS
and
GENERAL
A
The NEW
827,984,599 63
Good Service is
The Proof cf
and author-
Guardian, Ad¬
2d.
Russell.
Stockton,
827,292,163 57
16, 1906,
Nov.
lzed to act as Executor,
$7,000,000
=>
BUSINESS.
ALLOWS
DAILY
BALANCES SUBJECT
CHECK.
TRUSTEE UNDER
PHILIP STOCKTON, President.
Charles F. Adams 2d.
George E. Keith,
Orlando H. Alford,
Gardiner M. Lane.
F. Lothrop Ames.
Arthur Lyman,
John S. Bartlett,
Maxwell Norman,
Charles E. Cottlng.
Robert T. Paine
Alvah Crocker,
Andrew W. Preston.
Richard S.
Livingston Cushing.
George A. Draper,
Howard
William F. Draper.
Charles A. Stone,
WUmot R. Evans.
Galen N. Stone,
Frederick P. Fish,
Quincy A. Shaw
Robert F. Herrick,
Nathaniel Thayer.
Francis L. Hlgglnson,
Henry O.
1902
$21,882,734 64
16,1904 826,608,716
Nov. 16,
Stock.
TRANSACTS
DIRECTORS.
Nov.16,1903 821,756,471
Nov.
other Mort¬
Registering
for Court Funds,
ministrator
1901
$11,780,418 95
16.
Nov.
Transfer of
legal Depositary
.
Subject to Check-
Allowed on Deposits
Trustee under Railroad and
gages: also as Agent for the
as
and
$1,667,051 19
Nov. 16
Capital and Surplus,
General Trust and
Banking Business-
Transacts a
RESOURCES
Nov.
$4,000,000
Capital & Surplus,
WM. MAFFITT,
Treasurer
Commenced busine:s Nov. 16, 1899
BOSTON, MASS.
CHARLESTOWN. MASS.
City Square.
FESTUS J. WADE,
President.
MASS.
STREET. BOSTON,
STATE
50
CO. OLD COLONY
TRUST CO.
BRANCH:
TRUST
CITY
Mercantile Trust Co.
Public
Accountants and
C. W.
Auditors.
KNISELY C. P. A.
President—Manager.
Regular and
Corporations,
and Physical
and En¬
of accounts fo»
Special Audita for
and Individuals, Financial
Examinations by experienced Auditors
Takes entire charge
gineers.
Firms
Guardians,
Trustees,
Executors and
Receivers.
XYII1
THE CHRONICLE
[VOL.
I/XXX1Y,
Qvust ©omjratiies.
Union Trust
BANKCRS TRUST
COMPANY
7 Wall
Company
OF FEW YOBK
80
Broadway, New York*
CAPITAL,
8UPPJLUS,
Street, New York.
$1,000,000 00
$8,092,662 44
...
...
AUTHORISED TO ACT AS
Executor, Administrator, Guardian
Capital $ 1,000,000
Surplus $500,000
Undivided Profits, $828,069
Receiver
A
Trustee
or
LEGAL DEPOSITARY
FOR MONEY.
.
Allows Interest
DIRECTORS.
STEPHEN BAKER,
Pres.
Bank of the
WALTER E. FREW,
Manhattan
Vlpe-Pres. Corn Excb. Ba., NT. Y.
Co., New York.
A. BARTON
8AMUEL G. BAYNE.
HEPBURN,
Pres. Chase Nat.
Pres. Seaboard Nat. Bank, N
Y.
EDWIN M. BULKLEY.
New YTork
Bank, N. Y.
GILBERT G. THORNE,
GATES W. McGARRAH,
EDWARD TOWNSEND,
Pres. Mechanics’ Nat.
B’k, N. Y
EDMUND C. CONVERSE,
GEO. W. PERKINS,
Blair A Co., Bankers, New York.
President.
J. P. Morgan A Co„
HENRY P. DAVISON
Prea. Chemical Nat. Bank, N. Y,
DANIEL G. REID,
LS,
Pres. Com. Nat. Banc, Chloago.
Ylce-Pres. Liberty Nat. B’k, N.Y.
Acta as Executor, Administrator and Guardian
i
J. F.
and
ALBERT H. WIGGIN,
B’kers, N.Y.
WILLIAM H. PORTER,
Vice-Pres.First Nat. Bank, N.Y
Pres.Imnortera’ & Traders’ Nat.
Bank, N. Y.
Vlce-Pres. Chase
New York.
Pres. Gallatin Nat. Bank. N.Y.
EDWARD F. C.
Assignee and Receiver
and
Registrar*
corporations.
j
VT r IVCIVO.
T. W. LAMONT
E. C. CONVERSE
B. STRONG JR.
APPirPDQ
D. E. POMEROY
YOUNG,
pre«. 1st Nat. Bank. Jersey City
Agent i and as Trustee for Individuals
ALLOW* INTERE8T UPON DEPOSITS.
VICE-PRESIDENT
PRESIDENT
TREASURER
H. W. DONOVAN
Bank.
SAMUEL WOOLVERTON,
Pisoal
THOMPSON
Nat.
Edward King,
R. T. W Uson,
Charles H. Leland,
H. Van R. Kennedy
W. Emlen Roosevelt,
J**s. T. Woodward.
Augustus W. Kelley,
N. Parker Shortridge.
Harrison E. Gawtry,
Alexander Maitland,
James Henry Smith,
Charles H. Tweed,
James Speyer,
Robert W. Goelet,
William Woodward,
Alex. Smith Cochran,
John ▼. B Thayer.
Amory 8. Carhart,
Walter P. Bliss.
Frederic deP. Foster
EDWARD KING. President.
AUGUSTUS W. KELLEY, Vice-PresidentJ. V. B. THAYER, Vice Pre^t A Secretary.
E. R.
MERRITT, 4th Vice-President
RAWLINGS, Trust Officer.
H.M. POPHAM,
)
T.W. HART8HORNE, r Assistant Secretaries
H. M. MYRICK,
5
C a
2D VICE-PRESIDENT
MANHATTAN
SECRETARY
F. N. B. CLOSE
ASSISTANT TREASURER
Deposits.
on
Receives Securities tor Safe Keeping and
Colleetlen of Income.
Takes Charge and Manages Real Estate
TRUSTEES
Vice-Pres.Nat. Park Bank. N.Y.
EDGAR L. MARSTON,
Vice-Pres. Fourth Nat. Bk. N Y
THOMPSON,
Vice-President.
THOMAS W. LAMONT,
JAMES G. CANNON,
Transfer
Pres. 1st Nat. B’k, Kansas City.
JOHN F.
3d Vice-President.
Spencer Trask & Co., Banters,
JAMES H. ECK
EDWARD F. SWINNEY,
TRUST
ASSISTANT TRUST OFFICER
WALL ST.
CO.,
NASSAU, NEW YORK.
Capital, Surplus and Undivided Profits,
cor.
$3,000,000.
We refer you to
pany,
OFFICERS!
The Corporation Trust Com¬
JOHN L
WATERBURY, President
JOHN KEAN,
) Vice-
135 Broadway, New York, for information
regarding
any
point involved in the organization
and taxation of business
laws of any
AMOS TUCK FRENCH,} Presidents.
W. N. DUANE, Vice-President.
of the States
The Manhattan Trust Company receives deposits
searing interest and subject to cheque, payable
hrough the New York Clearing House.
corporations under the
or
Territories.
DIRECTORS.
Francis R. Appleton.
Robert Bacon.
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar Street
NEW YORK.
73d Street and
B’wgy.
James J. HilL
John Kean.
John J. Mitchell.
George F. Baker.
August Belmont.
Walter P. Bliss.
Q. W. Cannon.'
U. J. Cross.
Rodulpb Kills,
A. no os Tuok French
Oliver U. Payna
E. D. Randolph
Grant B. Schley.
8. L. Schoonmaker.
John 1. Waterbury
K. T
Girard Trust
Wilson.
Company*
CAPITAL and SURPLUS, $10,000*000.
Issues foreign and domestic letters of credit.
Pays interest on deposits, subject to check.
Special rates on time deposits.
CAPITAL and SURPLUS. $6,000,000.
Chartered 1886.
let* as
Executor, Administrator, Trusteo,
Assignee and Receiver.
Financial Agent lor Individuals
or
Corporations.
Interest Allowed
on
Individual and
Corporation Accounts.
Acts as Trustee ol Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Sales to Rent In Hnrglar-Proof Vaults
E. B. Morris, President.
W. N. Ely, 1st Vice-President.
A. A. Jackson, 2d Vice-President.
C. J. Rhoads, 8d Vioe-Pres. and Treasurer.
Edward S. Paue, Secretary.
GUNN, RICHARDS & CO
PUBLIC
43
EXCHANGE
ACCOUNTANTS
PLACE, NEW YORK CITY
MANAGERS i
Effitugnam B. Morris,
C. Hartman Knhn
John A. Brown Jr.,
James Speyer,
Benjamin W. Richards,
Augustus D. J nil! lard.
John B. Garrett,
Bid ward J. Berwind,
William H. Jenks,
Randal Morgan,
William H. Gaw,
Edw. T. Stotesbury.
Francis I. Gowea,
Charles E. Ingersoll,
Geo. H. McFadden,
John Story Jenks Jr.
Henrr B. Coxe Jr.
Henry Tatnall,
w«ac h. Clothier.
Thos. DeWitt Cuyler.
B. C. Felton
N, E, Cor.^Hroad and Cliestnat Streets*
PHILADELPHIA.
1907 ISSUE
THE FINANCIAL REVIEW
Also
at
CHICAGO—First National Bank
Building.
MONTREAL—Bank of Ottawa
BO'TON—50 Congress Stree
contains a five-year monthly range ef prices
for stocks and bonds and other rateable sta¬
tistics
Building.
COMMERCIAL &
Price, $2
FINANCIAL CHRONICLE
NEW
YORK
Mar. 23
xiz
THE CHRONICLE
1907.|
gras! &oroj«raies.
Bowling Green Trust Co*
26
r
incorporated 1853.
BROADWAY* NEWVYORK.
United states Trust Company ot Dew Tori,
Capital, $1,000,000 Surplus, $8,000,000
45 and 47 Wall Street.
OFFICERS:
President
EDWIN GOULD,
1st Vioe-Fresident
WILLIAM H. TAYLOE,
2d Vice-President
•HAS. P. AEMSTEONG,
3d Vioe-Pres. and Treos.
JOHN A. HILTON,
WILLIAM M. LAWS,
Secretary
DIRECTORS:
John A. Hilton.
Claries P. Armstrong,
Frank; Brainard,
Myron T. Herrick,
Edward T.
Jeffery,
Winslow 8. Pierce,
Harry Bronner,
Franklin <4 Brown.
SURPLUS
AND
UNDIVIDED
PROFITS,
.
.
EDWARO W. SHELDON,
D. WILLIS
WILLIAM M. KINGSLEY, Second
HENRY B.
President
Vice-Pres.
WILFRED J. WORCESTER, Asst. Secretary
Morton F. Plant,
Dick S. Ramsay,
Frederick B. Sohenck,
Robert O. dowry,
Edmund C. Converse,
Wm. Nelson Cromwell,
Grenville M. Dodge,
A. Gospel,
Edwin Gould,
Frank J. Gould,
$2,000-000
$12,801,046
CAPITAL,
CHAS. A.
JAMBS, Vice-President
AHERN, Secretary
EDWARDS, 2d Asst. Secretary
JOHN A. STEWART, Chairman of the Board of
Trustees.
Androw Squire,
William IL
Taylor,
Edward R. Thomas,
John P. TrnesdeU,
E. F. C. Young.
George J. Gould,
Hospital Colonial Trust Company
solicits the accounts of corporations, firms and individuals, and
Company,
invites correspondence or personal interviews.
Rhode Island
Trust
PROVIDENCE
R. I.
81,000,000
81,500,000
304,000
CAPITAL...,.
SURPLUS EARNINGS
UNDIVIDED PROFITS
DIRECTORS:
Rowland G. Hasard,
Royal C. Taft,
Neison W. Aldrich,
Robert H. L Goddard,
Samuel R. Dorranoe,
Geo. W. R. Matteson,
Howard O. Sturges,
William D. Ely,
Robert I. Gammell,
Stephen o. Metcalf,
Walter R. Callender,
William Binney,
Gilbert A. Phillips,
William B. Weeden,
Edward Holbrook,
Edward D. Pearce,
James E. Sullivan,
Robert Knight.
John W. Danielson,
Benjamin M. Jackson,
John R. Freeman.
Herbert J. Wells,
Charles S. Mel ten.
John C. Pegram,
Robert W. Taft.
Lyman B. Gofl,
HERBERT J. WELLS. President.
EDWARD s. CLARK, Vice-President.
HORATIO A. HUNT, Vloe-Preaident.
WILLIAM A. GAM WELL. Secretary.
PRESTON H. GARDNER, Trust Officer.
CYRUS K. LAPHAM, Asst. Soc’y.
JOHN E. WILLIAMS, Asst. Serfy.
HENRY L.SLADKR, Asst. Sec’y.
WALTER G. BROWN, Asst. Sec’y.
Interest allowed
at
sight
Certificates of
daily balances, which
on
Deposit (time and demand) issued.
Capital, Surplus and Undivided Profits,
RICHARD DELAFIELD.
)
f
CORD MEYER,
JAMES W. TAPPIN.
f
I
PHILIP 8. BABCOCK.
Vice-Presidents.
o^R"B°o+
^
TRUST CO.
JOSEPH N. BABCOCK. Trust Offioer
ROBERT L. 8MITH, Asat. Secretary
The American Mfg. Co.
MANILA SISAL AND JUTE
CORDAGE.
34TH ST. Sc FIFTH AVE.
1MTH STREET,
THIRD AVENUE Sc 148TH STREET.
No. 100 WEST
INCORPORATED
ENGINEERS,
CONSTRUCT AND
DESIGN,
RAILWAY
OPERATE
LIGHT, POWER,
65
CHARLES T. BARNEY, Preildent.
FRBD’K L. ELDRIDGB, 1st Vloe-Preaident.
JOSEPH T. BROWN, 8d Vice-President.
B. L. ALLEN, 8d Vloe-Preaident.
WILLIAM TURNBULL, 4th V.-Pre
VRHD’K GORE KING, Seo. and Treas.
J. Mo LEAN WALTON, Ant. Secretary.
HARRIS A. DUNN, Asst. Treasure?
$3,100,000
EDMUND L. J UDSON, Secy. & Treasurer.
.
_
No. 00 BROADWAY.
Byllesby & Co«v
-
JOHN K. BORNE, President.
'b
subject to check
Building, 222 Broadway, Mow York.
St. Paul
gugtuecrs.
H, M.
are
Wall
8treet,
New
York.
Whiting Papers
TRUST DEPARTMENT:
WILLIAM B. RANDALL, Trust Officer
.HYDRAULIC AND
GAS PLANTS.
HARLEM BRANCH:
Examinations and
American
Reports.
Trust Building.,
BRONX BRANCH:
JOHN BAM BEY
OHIO AGO
The Audit company
of
W. F. LEWIS, Manager.
Manager.
FINANCIAL REVIEW
ANNUAL.
New York,
A.'\Year
Book
of
StHtlitk*.
Bound In Cloth.
ORGANIZED 1897.
Commercial St Financial Chronicle
NEW YORK:
48 Cedar Street
76J4 Pine St.. New York.
rHIL.ADKL.PHIA.
CHICAGO.
NEW ENGLAND OFFICE:
Eaitn Bldg., 15 State St.. BOSTON.
AUGUST BELMONT,
Acting President.
WILLIAM A NA8H,
JOHN J. MITCHELL
GEORGE W. YOUNG.
This Company Audits and Investigates Aooeunts
and makes Physical Examinations of Properties.
Its Certificates and Reports are Prepared In behalf
of Merchants, Bankers, Corporations, Committees
and others, in strict confidence. The Company also
Money-8aring
Consulting Engineer and Statistician.
GAS WORKS
ELECTRIC LIGHT WORKS,
ELECTRIC RAILWAYS. OIL MuTOR CARS.
WHITING
New York.
PAPER CO.,
Chicago.
Philadelphia.
(tltlla: Holyoke. Musa.
NEW
Broad
•
YORK,
Exchange Building,
26 Broad 8treet.
William D. Marks, Ph. B.C.E.
MID Park llow Bldg
Uses are
standard, made in Ledger, Bond,
Linen and Pine Writing in variety.
CERTIFIED PUBLIC ACCOUNTANTS.
(New York and Illinois.)
EDWARD T. PEBLNE, Gen’l Mgr. and Treai.
F. C. RICHARDSON, Assistant Treasurer.
Systems of
Correspondence
BARROW, WADE. GUTHRIE & CO
V loe-Presidents.
Devises and Installs
Keeplnor Accounts.
For Fine
and for General Business
,
New
\ ork City.
CHICAGO,
Royal Insurance Building,
SAM FRANCISCO,
617 Market Street
NEW ORLEANS,
Hibernia Bank Bldg.
LONDON, ENGLAND,
18 8t. 8within’s
Lane, E. C,f Cable, ' ,AdorJest.n
•
[VOL.
THE CHRONICLE
financial.
IfitianxtaL
Rattan.
WOODWARD
STILLMAN,
&
16 to
GRANGER
rvERsz fr Company
MERCHANTS
COTTON
FARWELL
BANKERS
22 WILLIAM STREET,
NEW YORK.
COTTON OF ALL
GRADES SUITABLE TO WANTS OB1 SPINNERS.
EGYPTIAN AND AMERICAN
220 LA SALLE ST.
37 PINE SX
CHICAGO
NEW YORK
&
BANKERS AND BROKERS,
York.
Orders for Future Delivery
William Street, New
COTTON
the New
NEW YORK.
CHICAGO.
COMMISSION MERCHANTS,
At
71 Broadway
226 La Salle St.,
Hentz & Co., CHICAGO CITY MORTGAGES.
Henry
Execute
COMPANY,
RAILROAD BONDS
Established in i860.
16 to 22
LXXXIV.
Liverpool
York.
Cotton
and New Orleane
Exchanges. Also orders for
COFFEE
At the New York Coflee
Exchange
GRAIN AND PROVISIONS
at the Chicago Board of Trade and
GRAIN AND COTTON-SEED Oil,
At the New York Produce Exchange
HIGH-GRADE INDUSTRIAL BONDS
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
SEND FOR
( New York Stock Exchange.
J New York Coffee Exchange.
Members -s
qhicaqo stock Exchange.
(
Chicago Board or Trade.
SECURITIES.
INVESTMENT
Hubbard Bros. & Co.,
IN
DEALERS
CIRCULARS.
PEABODY, HOUGHTELING & CO.
230 First National Bank
COFFEE EXCHANGE BUILDING,
Bldg.,
CHICAGO.
HANOVER SQUARE,
(.Established 1866.1
NEW YORK,
MERCHANTS.
COTTON
Liberal Advances Made
Edwin L. Lobdell & Co.,
BANKERS AND
Cotton
on
Consignments.
Hopkins, Dwight & Co.,
BROKERS,
F. H. PRINCE &
Rotunda, Rookery B14g,, Chicago.
80 Broadway, Now York.
( New York Stock Exchange,
Members
COTTON,
BANKERS.
BOSTON, MASS.
•{Chicago 8tock Exchange,
(Chicago Board of Trade.
and
CO.,
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 52, Cotton Exchange
NEW YOUR.
Building,
Bishop, Laimbeer & Co.
Lehman, Stern A Co., Limited, New Orleans, La.
Mills
Building,
LEHMAN BROS.,
Nos, 16-22 William Street,
-
IS Broad St.
-
INMAN
York,
the above Exchanges, as well
New Orleans. Chicago and foreign markets.
in
Cotton
CO.,
&
Merchants,
■
AUGUSTA, GA..
AND
Siegfr. Gruner & Co.,
MEECHANTS
Exchange Building, NEW YORK.
Cotton
Esmolished 1868.
i
W. T. HATCH &, SONS,
BANKERS AND BROKERS,
141 Milk Street, BOSTON, MASS.
INMAN & CO
Bremen Correspondents.
17 South William Street,
NEW
Stock Exchange!
Members of New York and Boston
©ottou.
Coffee
on
COTTON
Investments.
Grade
New York,
Members of the Stock, Cotton,
and Froduce Exchanges, New
Orders executed
High
Member* New York Stock Exchange.
96 Broad wav,
New York.
-
MEMBERS OF
W. R. CRAIG & CO
YORK,
,
NEW YORK STOCK EXCHANGE.
Lord’s Court Building,
Mason Smith & Co.,
COTTON COMMISSION MERCHANTS,
NEW ORLEANS, LA.
MEMPHIS, TENN.
27 William Street.
Cotton
Buyers of Spot Cotton. Orders for Contracts Exe¬
cuted in the New Orleans, New York,
NEW YORK
Merchants.
fNEW YORK COTTON EXCHANGE
Members
DALLAS, TEX.
-
Tel. No. 1618 Broad.
{NEW ORLEANS OOTTON EXCHANGE
NEW YORK COFFEE EXCHANGE
I LI V ERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above Exchanges
Liberal Advances Made on Cotton Consignments
Liverpool and Havre Markets.
LEHMAN
WILLIAM RAY &
CO.,
SUCCESSORS TO
GEO.
COPELAND
COTTON
&
CO.,
BROKERS,
43 Cotton Exchange,
New York.
Orders for future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
R. H. ROUNTREE & CO.,
Commission Merchants.
Cotton, Grain, Provisions and Coffee.
COTTON EXCHANGE BUILDING,
NEW YORK.
ROBERT MOORE &
CO.,
36 Beaver Street, New York.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL EX¬
CHANGES.
COTTON PURCHASED FOR SPINNERS’ USE.
SMITH
& HAYNE,
Frank B. Hayne (In Commendam
)
Cotton Broker*,
COTTON
EXCHANGE
BUILDING,
NEW ORLEANS, LA.
ORDERS FOR FUTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
BROS., New York.
Lehman, Stern & Co.yLtACOTTON FACTORS and
COMMISSON MERCHANTS,
CLEMENT
SMITH,
&
CLEMENT,
Successors to HAVEN &
1 Nassau
Street,
corner
Wall Street.
Members of the New York Stock
Exchange.
Bonds, Stocks, Cotton, Grain.
DICK
BROTHERS & CO.,
BANKERS AND BROKERS,
New York.
Philadelphia Stock Exchanges.
York. New Orleans antf Liverpool Cotton
30 Broad St.,
-
Members ot N.Y. and
New
Mew Orleans,
ilxctmngee, New York Coffee Exchange
and Chicago Board or Trade.
Orders for future delivery executed in New Orleans
New York and Liverpool.
Liberal advances made on Cotton consignments.
©otton.
Chapman, Seller & Allen,
COTTON BROKERS.
Cotton Exchange Bldg., New
York.
Members of N. Y. and New Orlean Cotton Exchanges
and Liverpool Cotton Association.
GWATHMEY & CO.,
COTTON
M. Weld & Co.,
Stephen
COTTON MERCHANTS,
82-92 Beaver
Street,
M. Weld & Co.,
89
Liverpool Correspondents, Weld & Co.
Bremen Correspondents, Albrecht, WrELD & Co.
MERCHANTS,
49 Cotton Exchange,
■
-
New York.
Geo. H. McFadden & Bro.,
COTTON
Theodore H. Price.
STxetat Farmer.
Wm. P.Qnentell.
R R. Coats.
Quentell,
Coats &> Co.,
COTTON BROKERS,
S2 Beaver Street,
New York City.
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Boston Correspondents, S.
State St., Boston, Mass.
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New YoTk,
Members N.Y. Cotton Exchange.
Associate Members Liverpool Cotton Association.
MERCHANTS,
PHILADELPHIA.
NEW YORK.
Liverpool Correspondents:
.
.
FREDERIC ZEREGA A
Bremen Correspondents:
MCFADDEN
.
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BROTHERS A CO.
RAVRE CORRESPONDENTS:
ftn/TTimn D^Impowtatiow
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CO.
„
XT DE
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COMMISSION
@FedFRASER